ISO 9001:2015 1. Preparation and Verification Process of Bank Negara Indonesia Published Financial Statements CONSOLIDATED FINANCIAL STATEMENTS 2. Preparation, Verification, and Reporting Process of Corporate Income Tax Certificate No: ID16/03754 PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES

STATEMENTS OF FINANCIAL POSITION STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PRIME LENDING RATE PT BANK NEGARA INDONESIA (PERSERO) Tbk AS OF JUNE 30, 2020 AND DECEMBER 31, 2019 FOR THE PERIODS FROM JANUARY 1 TO JUNE 30, 2020 AND 2019 AS OF JUNE 30, 2020 (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH) INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED (% per annum) NO ACCOUNTS JUN 30, 2020 DEC 31, 2019 JUN 30, 2020 DEC 31, 2019 JAN 1, 2020 JAN 1, 2019 JAN 1, 2020 JAN 1, 2019 Prime Lending Rate (Unaudited) (Audited) (Unaudited) (Audited) NO ACCOUNTS TO TO TO TO Business Segment JUN 30, 2020 JUN 30, 2019 JUN 30, 2020 JUN 30, 2019 ASSETS Corporate Retail Micro Consumer Loan (Unaudited) (Unaudited) (Unaudited) (Unaudited) Loan Loan Loan Mortgage Non Mortgage 1. Cash 11,358,860 14,922,678 12,041,582 15,361,703 OPERATING INCOME AND EXPENSES 2. Placement with Bank Indonesia 65,622,277 68,868,096 71,580,129 77,096,821 Prime Lending Rate 9.85 9.85 N/A 10.20 12.00 A. Interest Income and Expenses 3. Placement with other banks 20,807,964 21,545,591 22,968,805 22,748,876 4. Spot and derivatives receivables 995,512 312,266 995,512 312,266 1. Interest income CALCULATION OF CAPITAL ADEQUACY RATIO 5. Securities - - - - a. Rupiah 22,829,847 22,961,237 24,892,900 24,953,702 b. Foreign currency 3,254,138 3,615,612 3,269,560 3,644,433 PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES a. Measured at fair value through profit and loss 2,601,860 1,998,697 8,840,963 11,972,689 AS OF JUNE 30, 2020 AND 2019 b. Measured at fair value through other comprehensive income 63,560,341 68,342,028 71,367,899 72,784,731 2. Interest expenses c. Measured at ammortized cost 63,562,444 68,342,028 71,370,002 25,150,048 a. Rupiah 7,826,755 8,210,876 8,388,729 8,721,674 (IN MILLIONS OF RUPIAH) 6. Securities sold under repurchase agreement (repo) 5,182,495 2,256,571 5,182,495 2,256,571 b. Foreign currency 1,971,871 2,251,300 1,976,690 2,263,073 Net interest income (Expenses) 16,285,359 16,114,673 17,797,041 17,613,388 JUN 30, 2020 JUN 30, 2019 7. Securities purchased under resell agreement (reverse repo) 28,285,764 411,442 28,285,764 411,442 CAPITAL COMPONENTS 8. Acceptance receivables 18,879,013 19,118,275 18,879,013 19,118,275 3. Premium Income - - 2,287,343 3,319,896 Individual Consolidated Individual Consolidated 9. Loans 4. Claim Expenses - - 1,639,683 2,426,285 (Unaudited) (Unaudited) (Unaudited) (Unaudited) a. Measured at fair value through profit and loss - - - - Net Premium Income (Claim Expenses) - - 647,660 893,611 Net interest income (Expenses) and I. Tier 1 Capital 95,463,960 101,394,395 103,461,648 108,394,695 b. Measured at fair value through other comprehensive income - - - - Net Premium Income (Claim Expenses) 16,285,359 16,114,673 18,444,701 18,506,999 1. Common Equity Tier 1 (CET 1) 95,463,960 101,394,395 103,461,648 108,394,695 c. Measured at ammortized cost 543,900,121 522,750,099 545,390,279 524,121,874 10. Sharia Financing - - 30,207,097 31,594,596 B. Operating Income and Expenses Other than Interest 1.1 Paid in Capital (Excluding Treasury Stock) 8,975,358 8,975,358 9,054,807 9,054,807 11. Equity investments 4,767,317 4,306,332 1,026,157 985,007 1. Operating Income Other than Interest 1.2 Reserve additional capital 94,604,493 97,348,275 98,413,702 100,566,499 1.2.1 Additional Factors 95,208,613 98,440,620 100,265,453 102,988,528 12. Impairment on financial assets -/- - - - - a. Increase in fair value of financial assets 1.2.1.1 Other comprehensive income 14,492,895 14,615,290 14,807,919 14,930,435 a. Securities (242,715 ) (278,614 ) (252,464 ) (287,094 ) i. Securities 656 12,474 - 13,546 1.2.1.1.1 Excess adjustment due to financial statement b. Loans (35,307,431 ) (15,837,399 ) (35,363,654 ) (15,854,393 ) ii. Loans - - - - translation 38,676 38,548 - - c. Others (1,264,260 ) (1,162,006 ) (1,268,937 ) (1,164,010 ) iii. Spot and derivatives 357,135 - 357,135 - 1.2.1.1.2 Potential gain on increase in fair value of financial assets classified as fair value through other 13. Intangible assets - - - - iv. Other financial assets - - - - Accumulated amortization on intangible assets -/- - - - - comprehensive income - - - - b. Decrease in fair value of financial liabilities - - - - 1.2.1.1.3 Fixed assets revaluation 14,454,219 14,576,742 14,807,919 14,930,435 14. Fixed assets and equipment 35,919,257 34,314,961 38,007,203 35,661,850 c. Gain from sale of financial assets 1.2.1.2 Other disclosed reserves 80,715,718 83,825,330 85,457,534 88,058,093 Accumulated depreciation on fixed assets and equipment -/- (9,467,986 ) (8,641,930 ) (10,098,938 ) (9,137,091 ) i. Securities 467,972 424,896 482,137 427,020 1.2.1.2.1 Agio 14,568,468 14,568,468 14,568,468 14,568,468 15. Non earning assets ii. Loans - - - - 1.2.1.2.2 General reserves 2,778,412 2,778,412 2,778,412 2,778,412 a. Abandoned property 28,676 28,676 28,676 28,676 iii. Other financial assets - - - - 1.2.1.2.3 Previous years profit 59,164,002 62,014,737 60,882,276 63,197,491 b. Foreclosed assets 1,644,326 1,055,345 1,736,692 1,163,562 d. Gain from spot and derivatives (realised) 591,110 470,436 598,751 472,888 1.2.1.2.4 Current year profit 4,204,836 4,463,713 7,228,378 7,513,722 c. Suspense accounts 6,425 5,492 6,425 5,492 1.2.1.2.5 Paid in capital fund - - - - e. Dividend - - - - 1.2.1.2.6 Others - - - - d. Interbranch assets f. Gain from investment under equity method - - - - 1.2.2 Deduction Factors (604,120 ) (1,092,345 ) (1,851,751 ) (2,422,029 ) i. Conducting operational activities in Indonesia - - - - g. Commission/provision/fee and administrative 4,235,966 4,422,556 4,011,615 4,180,412 1.2.2.1 Other comprehensive lncome (256,396 ) (743,698 ) (1,087,137 ) (1,612,806 ) ii. Conducting operational activities outside Indonesia 34,308 138,857 34,308 138,857 h. Reversal of allowance for impairment losses 1,083,286 199,356 1,083,286 199,356 1.2.2.1.1 Negative adjustment due to financial 16. Impairment on non financial assets -/- (38,590 ) (40,516 ) (38,590 ) (40,516 ) i. Other income 777,143 1,222,195 1,010,959 1,501,543 statement translation - - (127,505 ) (127,648 ) 17. Leasing - - - - 1.2.2.1.2 Potential loss on decrease in fair value of financial 2. Operating Expenses Other than Interest 18. Deferred tax assets 4,332,756 1,083,442 4,576,461 1,349,343 assets classified as fair value through other comprehensive income (256,396 ) (743,698 ) (959,632 ) (1,485,158 ) 19. Other assets 30,701,940 28,349,503 32,437,921 29,825,633 a. Decrease in fair value on financial assets i. Securities - - 179 - 1.2.2.2 Other disclosed reserves (347,724 ) (348,647 ) (764,614 ) (809,223 ) TOTAL ASSETS 813,301,436 780,237,387 880,123,799 845,605,208 1.2.2.2.1 Disagio - - - - ii Loans - - - - 1.2.2.2.2 Previous years losses - - - - LIABILITIES AND EQUITY iii. Spot and derivatives - 73,061 - 73,061 1.2.2.2.3 Current year loss - - - - iv. Other financial assets - - - - 1.2.2.2.4 Negative differences between regulatory LIABILITIES b. Increase in fair value of financial liabilities - - - - provision and allowance for impairment losses 1. Current accounts 216,012,794 199,393,808 218,351,733 202,226,824 c. Losses from sale of financial assets of earning assets - - (589,943 ) (634,379 ) 2. Saving accounts 187,843,757 182,337,666 198,132,687 191,390,028 i. Securities - - - - 1.2.2.2.5 Negative differences on adjustment of ii. Loans - - - - fair value on financial instrument in 3. Time deposits 215,707,622 189,344,223 215,266,819 188,923,773 the trading book - - - - 4. Revenue sharing investment - - 30,625,942 31,770,347 iii. Other financial assets - - - - 1.2.2.2.6 Regulatory provision on non earning assets (347,724 ) (348,647 ) (174,671 ) (174,844 ) 5. Liabilities to Bank Indonesia 453,441 470,347 453,441 470,347 d. Losses from spot and derivatives (realised) - - - - 1.2.2.2.7 Others - - - - 6. Liabilities to other banks 13,406,276 11,420,922 13,593,241 11,521,329 e. Impairment losses on financial assets 1.3 Minority Interest - 2,687 - 2,734 7. Spot and derivatives liabilities 526,746 203,054 526,746 203,054 i. Securities 284,015 87,219 285,268 88,059 1.4 Deduction Factors of CET 1 (8,115,891 ) (4,931,925 ) (4,006,861 ) (1,229,345 ) 8. Liabilities on securities sold under repurchase agreement (repo) 5,029,946 2,183,403 5,029,946 2,183,403 ii. Loans 7,825,937 3,559,448 7,826,757 3,562,787 1.4.1 Deferred Tax Calculation (4,332,756 ) (4,537,658 ) (704,320 ) (835,078 ) 1.4.2 Goodwill - - - - 9. Acceptances payable 4,874,571 5,341,440 4,874,571 5,341,440 iii. Sharia Financing - - 277,542 239,343 iv. Other financial assets 157,044 106,654 160,583 109,555 1.4.3 Other intangible assets - - - - 10. Marketable securities issued 3,099,388 3,099,253 3,085,084 3,085,017 1.4.4 Equity investment (3,783,135 ) (394,267 ) (3,302,541 ) (394,267 ) 11. Borrowings 46,798,840 55,948,491 48,061,917 57,169,571 f. Losses related to operational risk 21,851 12,397 21,851 12,397 1.4.5 Shortfall on the capital of insurance subsidiary - - - - 12. Guarantee deposits 212,328 325,145 212,328 325,145 g. Losses from investment in shares under equity method - - - - 1.4.6 Exposure of Securitization - - - - 13. Interbranch liabilities h. Commission/provision/fee, and administrative 23,639 11,019 256,674 254,495 1.4.7 Other deduction factors of CET 1 - - - - a. Conducting operational activities in Indonesia - - - - i. Impairment of other assets (non financial assets) - 167,977 - 167,977 1.4.7.1 Investment on AT 1 and/or Tier 2 Instrument in other Bank - - - - j. Personnel expenses 3,925,358 4,281,201 4,694,853 5,112,592 1.4.7.2 Cross-ownership in another entity acquired by the b. Conducting operational activities outside Indonesia - - - - k. Promotion expenses 430,662 433,706 480,123 489,986 transition due to the law, a grant or grants will - - - - 14. Deferred tax liabilities - - - - l. Other expenses 5,354,299 5,001,711 5,784,723 5,398,489 15. Other liabilities 15,307,023 13,271,429 29,549,713 25,990,982 2 Additional Tier 1 (AT 1) - - - - 16. Profit sharing investment funds - - - - Net Operating Income (Expenses) Other than Interest (10,509,537 ) (6,982,480 ) (12,244,669 ) (8,713,976 ) 2.1 Instrument which comply with AT 1 Regulations - - - - OPERATING INCOME (EXPENSES) 5,775,822 9,132,193 6,200,033 9,793,023 2.2 Agio/Disagio - - - - TOTAL LIABILITIES 709,272,732 663,339,181 767,764,170 720,601,260 2.3 Deduction factors of AT 1 - - - - NON OPERATING INCOME AND EXPENSES 2.3.1 Investment on AT 1 and/or Tier 2 Instrument in other Bank - - - - EQUITY 1. Gain (losses) from sale of fixed assets and equipment 9,236 39,602 (3,347 ) 39,072 2.3.2 Cross-ownership in another entity acquired by the transition 17. Paid in capital 8,975,358 9,054,807 8,975,358 9,054,807 2. Gain (losses) from foreign exchange translation (295,868 ) (130,636 ) (295,495 ) (131,469 ) due to the law, a grant or grants will - - - - a. Authorized capital 15,000,000 15,000,000 15,000,000 15,000,000 3. Other non operating income (expenses) (17,006 ) (14,060 ) (58,865 ) (69,641 ) II. Tier 2 Capital 6,610,456 6,877,910 6,462,331 6,755,878 b. Unpaid capital -/- (5,945,193 ) (5,945,193 ) (5,945,193 ) (5,945,193 ) c. Treasury stock -/- (79,449 ) - (79,449 ) - NON OPERATING PROFIT (LOSS) (303,640) (105,094 ) (357,707 ) (162,038 ) 1. Capital Instrument in the form of Stock or others which comply with regulations 63,333 63,333 83,333 83,333 18. Additional paid in capital CURRENT YEAR PROFIT (LOSS) BEFORE TAX 5,472,182 9,027,097 5,842,326 9,630,985 2. Agio/Disagio - - - - a. Agio 14,568,468 14,568,468 14,568,468 14,568,468 Income taxes b. Disagio -/- - - - - a. Estimated current year tax (1,230,198 ) (1,505,673 ) (1,336,116 ) (1,647,023 ) 3. General provision of earning assets c. Contributed capital - - - - b. Deferred tax income (expenses) (37,148 ) (293,046 ) (48,572 ) (263,796 ) (maximum 1.25% of RWA for Credit Risk) 6,547,123 6,814,577 6,378,998 6,672,545 d. Capital fund - - - - 4. Deduction Factor of Tier 2 Capital - - - - e. Others - - - - CURRENT YEAR NET PROFIT (LOSS) 4,204,836 7,228,378 4,457,638 7,720,166 4.1 Sinking Fund - - - - 19. Other comprehensive income OTHER COMPREHENSIVE INCOME 4.2 Investment on Tier 2 Instrument in other Bank - - - - a. Exchange difference on translation of foreign currency 4.3 Cross-ownership in another entity acquired by the transition due 1. Items that will not be reclassified to profit or loss to the law, a grant or grants will - - - - financial statement 38,676 43,910 38,548 47,199 a. Increase arising on revaluation of properties - (28,789 ) - (24,650 ) b. Gains (losses) from changes of financial assets on b. Remeasurement on defined benefit plans (380,664 ) 135,629 (404,868 ) 130,440 Total Capital 102,074,416 108,267,852 109,923,979 115,150,573 measured at fair value through other comprehensive income (256,396 ) (256,907 ) (733,645 ) (822,278 ) c. Share of the other comprehensive income of associates entities - - - - JUN 30, 2020 JUN 30, 2019 JUN 30, 2020 JUN 30, 2019 c. The effective portion of cash flow hedge - - - - d. Others - - - - d. Gains on revaluation of properties 14,804,855 14,804,855 14,946,885 14,946,879 e. Tax on items that will not be reclassified to profit or loss 84,180 (27,126 ) 89,015 (26,088 ) INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED e. Share of the other comprehensive income of associates - - - - RISK WEIGHTED ASSET (RWA) CAPITAL ADEQUACY RATIO (CAR) 2. Items that will be reclassified to profit or loss f. Remeasurement on defined benefit plans - - - - a. Exchange difference on translation of foreign currency financial statement (5,233 ) (212,456 ) (8,650 ) (212,534 ) RWA FOR CREDIT RISK 523,769,839 545,166,126 510,319,800 533,803,557 CET 1 Ratio (%) 15.63% 15.93% 17.58% 17.61% g. Income tax related to other comprehensive income - - - - b. Gain (losses) from changes of financial assets on available-for-sale 640 2,531,958 110,530 3,092,557 RWA FOR MARKET RISK 4,553,500 4,707,276 1,840,265 2,113,061 Tier 1 Ratio (%) 15.63% 15.93% 17.58% 17.61% h. Others - - - - c. The effective portion of cash flow hedge - - - - RWA FOR OPERATIONAL RISK 82,456,568 86,541,168 76,231,925 79,593,563 Tier 2 Ratio (%) 1.08% 1.08% 1.10% 1.10% 20. Quasi reorganization - - - - d. Others - - - - 21. Restructuring under common control - - e. Tax on items that will be reclassified to profit or loss (128 ) (506,392 ) (22,106 ) (618,511 ) RWA TOTAL 610,779,907 636,414,570 588,391,990 615,510,181 CAR (%) 16.71% 17.01% 18.68% 18.71% 22. Other equity - - - - OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX (301,205 ) 1,892,824 (236,079 ) 2,341,214 CET 1 23. Reserves CAR BASED ON RISK 9.95% 9.95% 9.90% 9.90% Allocation for 6.76% 7.06% 8.78% 8.81% a. General reserves 2,778,412 2,778,412 2,778,412 2,778,412 TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 3,903,631 9,121,202 4,221,559 10,061,380 PROFILE (%) Buffer (%) b. Specific reserves - - - - Current Year Net Profit (Loss) Attributable to : CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF CAPITAL BUFFER (%) 24. Income/loss - OWNER OF COMPANY 4,204,836 7,228,378 4,456,306 7,634,171 a. Previous years 59,265,131 61,291,797 62,585,216 64,300,617 Capital - NON CONTROLLING INTEREST 1,332 85,995 From CET 1 (%) 8.87% 8.87% 8.80% 8.80% Conservation 0.000% 0.000% 2.500% 2.500% b. Current year 4,204,836 14,612,864 4,456,306 15,384,476 TOTAL CURRENT YEAR NET PROFIT (LOSS) 4,204,836 7,228,378 4,457,638 7,720,166 Buffer (%) TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY 104,028,704 116,898,206 107,615,548 120,258,580 Total Comprehensive Profit (Loss) For The Year Attributable to: Countercyclical - OWNER OF COMPANY 3,903,631 9,121,202 4,222,846 9,922,151 From AT 1 (%) 0.00% 0.00% 0.00% 0.00% 0.000% 0.000% 0.000% 0.000% 25. Transaction with Non-Controlling Interest 2,256,999 2,256,999 Buffer (%) - NON CONTROLLING INTEREST (1,287 ) 139,229 26. Non-Controlling Interest 2,487,082 2,488,369 Capital TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 3,903,631 9,121,202 4,221,559 10,061,380 From Tier 2 (%) 1.08% 1.08% 1.10% 1.10% Surcharge for 1.500% 1.500% 1.500% 1.500% TOTAL EQUITY 104,028,704 116,898,206 112,359,629 125,003,948 DIVIDEND - - - - D-SIB (%) Capital Adequacy Ratio as of June 30, 2020 and 2019 have been calculated based on Indonesia Financial Services Authority Regulation POJK No. 34/POJK.03/2016 dated September 22, 2016 TOTAL LIABILITIES AND EQUITY 813,301,436 780,237,387 880,123,799 845,605,208 BASIC EARNINGS PER SHARE (in unit rupiah) 239 409 concerning Amendment to POJK No. 11/POJK.03 / 2016 dated January 29, 2016 concerning The Obligation of Minimum Capital Provision.

EARNING ASSETS QUALITY AND OTHER INFORMATION STATEMENTS OF COMMITMENTS AND CONTINGENCIES STATEMENTS OF CASH FLOWS PT BANK NEGARA INDONESIA (PERSERO) Tbk PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES AS OF JUNE 30, 2020 AND 2019 AS OF JUNE 30, 2020 AND DECEMBER 31, 2019 FOR THE PERIODS FROM JANUARY 1 TO JUNE 30, 2020 AND 2019 (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH) INDIVIDUAL INDIVIDUAL CONSOLIDATED CONSOLIDATED NO ACCOUNTS JUN 30, 2020 (Unaudited) JUN 30, 2019 (Unaudited) NO ACCOUNTS JUN 30, 2020 DEC 31, 2019 JUN 30, 2020 DEC 31, 2019 CASH FLOWS JUN 30, 2020 JUN 30, 2019 Special Special Current Substandard Doubtful Loss TOTAL Current Substandard Doubtful Loss TOTAL (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Unaudited) Mention Mention I. RELATED PARTIES I. COMMITMENT RECEIVABLES CASH FLOWS FROM OPERATING ACTIVITIES 1. Placement with other banks ------1. Undisbursed borrowing facilities Receipts from interest income 26,263,246 27,246,768 a. Rupiah ------a. Rupiah - - - - b. Foreign currency ------b. Foreign currency - - - - Receipts from sharia income 1,969,566 1,973,244 2. Outstanding of spot and 2. Spot and derivatives receivables ------Payments of interest expense (9,855,004 ) (12,276,973 ) a. Rupiah ------derivatives (purchased) 49,217,531 39,865,544 49,217,531 39,865,544 b. Foreign currency ------3. Others 380,796 177,533 380,796 177,533 Payments of sharia expense (521,651 ) (485,888 ) 3. Securities 1,601,408 - - - - 1,601,408 1,814,130 - - - - 1,814,130 II. COMMITMENT PAYABLES Premium income and investment returns 2,287,343 3,319,896 a. Rupiah 1,601,408 - - - - 1,601,408 1,814,130 - - - - 1,814,130 b. Foreign currency ------1. Unused loan facilities to debtors Claim Expenses (1,639,683 ) (2,426,285 ) a. State-owned Enterprises 4. Securities sold repurchase Other operating income 2,663,599 6,515,485 agreement (repo) ------i. Committed a. Rupiah ------Rupiah - - - - Other operating expenses (9,118,432 ) (10,783,707 ) - Foreign currency - - - - b. Foreign currency ------Non-operating Expenses - net (62,213 ) (30,571 ) 5. Claims on securities bought ii. Uncommitted under reverse repo ------Rupiah 4,185,260 10,732,604 4,185,260 10,732,604 Payment of income tax (1,418,945 ) (1,875,656 ) a. Rupiah ------Foreign currency - 1,653,594 - 1,653,594 b. Foreign currency ------b. Others Cash flows before changes in operating assets and liabilities 10,567,826 11,176,313 6. Acceptance receivables ------i. Committed 345,650 574,116 345,650 574,116 ii. Uncommitted 42,415,550 43,893,464 43,885,588 45,264,895 7. Loans *) 308,143 - - - - 308,143 311,156 - - - - 311,156 Changes in operating assets and liabilities: a. Micro, small and medium 2. Unused loan facilities to other banks enterprises (UMKM) ------a. Committed Decrease/(increase) in operating assets: i. Rupiah - - - - i. Rupiah ------Placements with Bank Indonesia and other banks 30,509,491 818,713 ii. Foreign currency ------ii. Foreign currency - - - - b. Non micro, small and medium b. Uncommitted Marketable securities and Government Bonds at fair value through profit or loss 3,131,726 (683,037 ) enterprises (Non UMKM) 308,143 - - - - 308,143 311,156 - - - - 311,156 i. Rupiah 4,019 - 4,019 - i. Rupiah 308,143 - - - - 308,143 311,156 - - - - 311,156 ii. Foreign currency 48,188 79,808 48,188 79,808 Securities purchased under agreements to resell (27,874,322 ) - ii. Foreign currency ------3. Outstanding irrevocable L/C Bills and other receivables 3,158,436 3,974,660 c. Restructured loans ------a. Overseas L/C 5,904,275 6,380,933 5,904,275 6,380,933 i. Rupiah ------b. Domestic L/C 4,303,907 2,772,352 4,305,909 2,789,432 Loans (23,523,839 ) (40,618,894 ) 4. Outstanding of spot and ii. Foreign currency ------Acceptances receivables 239,262 1,939,942 d. Loan on property ------derivatives (sold) 48,391,140 39,660,733 48,391,140 39,660,733 8. Equity investment 3,783,135 - - - - 3,783,135 3,302,541 - - - - 3,302,541 5. Others - - - - Prepaid Expenses (39,235 ) (279,819 ) 9. Temporary equity investment ------III. CONTINGENT RECEIVABLES Other assets (4,853,231 ) (3,362,619 ) 10. Other Bills ------11. Commitment and contingencies 3,935 - - - - 3,935 9,805 - - - - 9,805 1. Guarantees received Increase/(decrease) in operating liabilities: a. Rupiah 3,935 - - - - 3,935 9,042 - - - - 9,042 a. Rupiah 3,828,067 3,835,171 3,841,444 3,844,700 b. Foreign currency ------763 - - - - 763 b. Foreign currency 14,730,655 14,551,132 14,730,655 14,551,132 Obligations due immediately 810,924 2,368,731 12. Foreclosed assets ------2. Interest receivable on Deposits from customers 49,210,614 16,750,619 II. NON RELATED PARTIES non-performing assets a. Loan interest 6,258,918 4,939,339 6,258,918 4,939,339 Deposits from other banks 2,207,349 7,890,353 1. Placement with other banks 20,807,964 - - - - 20,807,964 24,247,377 - - - - 24,247,377 b. Other interest - - 83,559 64,780 Accrued expenses (15,296 ) 183,124 a. Rupiah 1,868,303 - - - - 1,868,303 1,336,181 - - - - 1,336,181 3. Others 251,472 222,923 259,762 228,883 b. Foreign currency 18,939,661 - - - - 18,939,661 22,911,196 - - - - 22,911,196 Employee benefits 867,721 110,466 2. Spot and derivatives receivables 995,512 - - - - 995,512 380,045 - - - - 380,045 IV. CONTINGENT PAYABLES Acceptances payable (466,869 ) (189,875 ) a. Rupiah 2,347 - - - - 2,347 30,694 - - - - 30,694 1. Guarantees issued b. Foreign currency 993,165 - - - - 993,165 349,351 - - - - 349,351 a. Rupiah 30,478,277 34,762,049 30,519,946 34,813,699 Taxes payable (126,146 ) (13,002 ) 3. Securities 85,031,137 - 262,386 - 258,374 85,551,897 80,288,096 - 286,816 - 269,777 80,844,689 b. Foreign currency 24,159,131 23,041,708 24,162,978 23,045,555 a. Rupiah 58,145,633 - - - 258,189 58,403,822 50,726,926 - - - 269,593 50,996,519 2. Others - - - - Other liabilities 1,393,572 2.480.399 b. Foreign currency 26,885,504 - 262,386 - 185 27,148,075 29,561,170 - 286,816 - 184 29,848,170 (Decrease)/Increase Deposits from temporary syirkah funds (1,323,742 ) (558,240 ) 4. Securities sold repurchase agreement (repo) 5,182,495 - - - - 5,182,495 20,800,550 - - - - 20,800,550 a. Rupiah 3,709,367 - - - - 3,709,367 13,822,910 - - - - 13,822,910 FINANCIAL RATIOS Net cash (used in) operating activities 43,874,241 1,987,834 b. Foreign currency 1,473,128 - - - - 1,473,128 6,977,640 - - - - 6,977,640 PT BANK NEGARA INDONESIA (PERSERO) Tbk 5. Claims on securities bought under AS OF JUNE 30, 2020 AND 2019 CASH FLOWS FROM INVESTING ACTIVITIES reverse repo 28,285,764 - - - - 28,285,764 ------(IN %) (Placement)/proceed from markertable securities available-for-sale and held-for-maturity - net (2,725,904 ) 3,215,135 a. Rupiah 28,285,764 - - - - 28,285,764 ------b. Foreign currency ------INDIVIDUAL (Placement)/proceed of Government Bonds - net (8,513,893 ) 4,757,062 6. Acceptance receivables 16,585,204 2,286,942 6,867 - - 18,879,013 18,476,621 15,057 - - 9,228 18,500,906 RATIOS Acquisition of fixed assets (1,055,393 ) (471,989 ) 7. Loans*) 497,951,478 29,150,517 3,893,877 4,323,112 8,272,993 543,591,978 485,437,906 21,618,557 799,332 2,018,560 6,202,582 516,076,936 JUN 30, 2020 JUN 30, 2019 a. Micro, small and medium (Unaudited) (Unaudited) Proceeds from sale of fixed assets 449,438 100,299 enterprises (UMKM) 96,890,605 6,065,566 847,649 1,286,226 2,521,829 107,611,874 96,194,783 5,633,557 314,603 956,095 1,300,566 104,399,603 Performance Ratio i. Rupiah 94,611,689 5,428,485 847,649 1,215,118 2,209,243 104,312,183 93,446,354 5,555,098 314,603 947,073 1,300,566 101,563,695 Net cash provided from/(used in) investing activities (11,845,752 ) 7,600,507 ii. Foreign currency 2,278,916 637,081 - 71,107 312,586 3,299,691 2,748,428 78,458 - 9,022 - 2,835,909 1. Capital Adequacy Ratio (CAR) 16.71% 18.68% b. Non micro, small and medium 2. Non performing earning assets and non earning assets to total CASH FLOWS FROM FINANCING ACTIVITIES enterprises (Non UMKM) 401,060,873 23,084,951 3,046,229 3,036,887 5,751,164 435,980,103 389,243,123 15,985,000 484,728 1,062,465 4,902,016 411,677,333 earning assets and non earning assets 2.27% 1.43% i. Rupiah 304,191,532 20,694,753 2,493,794 2,732,900 5,662,117 335,775,096 303,945,478 12,593,755 484,728 994,159 4,413,308 322,431,427 3. Non performing earning assets to total earning assets 2.15% 1.35% Decrease/(Increase) in borrowings (9,065,660 ) 4,236,339 4. Impairment provision on earning assets to total earning assets 4.11% 1.87% ii. Foreign currency 96,869,341 2,390,198 552,435 303,987 89,047 100,205,007 85,297,645 3,391,246 - 68,306 488,708 89,245,905 Decrease/(Increase) in securities sold under agreements to repurchase 2,566,122 (2,151,922 ) c. Restructured loans 106,714,369 21,830,257 2,855,913 1,710,134 1,918,265 135,028,938 13,885,820 12,174,876 414,004 963,267 2,735,582 30,173,549 5. Gross NPL 3.03% 1.75% i. Rupiah 99,017,328 18,926,425 2,608,721 1,335,040 1,897,332 123,784,846 13,401,319 9,976,497 414,004 963,267 2,567,957 27,323,044 6. Net NPL 0.55% 0.80% Payment of dividends (3,846,119 ) (3,753,780 ) ii. Foreign currency 7,697,041 2,903,832 247,192 375,094 20,933 11,244,092 484,501 2,198,379 - - 167,625 2,850,505 7. Return on Asset (ROA) 1.38% 2.44% d. Loan on property 92,257,117 3,477,827 243,099 466,708 1,614,256 98,059,007 80,999,428 3,182,357 178,589 414,157 909,954 85,684,485 8. Return on Equity (ROE) 8.74% 14.43% (Increase)/Decrease of treasury stock (79,449 ) - 8. Equity investment 259,844 - - - - 259,844 54,453 - - - - 54,453 9. Net Interest Margin (NIM) 4.47% 4.87% Payment of Lease Liabilities (558,428 ) - 9. Temporary equity investment - - 724,338 - - 724,338 - - 724,338 - - 724,338 10. Operating Expenses to Operating Revenues 82.81% 72.60% 10. Other Bills 14,668,050 105,130 - - 53,542 14,826,722 11,677,146 - - - 53,674 11,730,820 11. Loan to Deposit Ratio (LDR) 87.79% 92.30% Net cash (used in) financing activities (11,013,534 ) (1,669,363 ) 11. Commitment and contingencies 106,892,103 4,256,700 105,155 173,259 413,104 111,840,322 121,139,014 2,098,923 78,710 105,495 310,220 123,732,362 12. Net Stable Funding Ratio (NSFR) a. Rupiah 73,882,432 2,895,315 105,153 173,259 413,104 77,469,264 87,192,945 841,634 78,710 105,495 272,618 88,491,402 a. NSFR individual 144.91% 134.32% b. Foreign currency 33,009,671 1,361,385 2 - - 34,371,057 33,946,069 1,257,289 - - 37,602 35,240,960 b. NSFR consolidated 150.11% 138.41% NET INCREASE IN CASH AND CASH EQUIVALENTS 21,014,955 7,918,978 12. Foreclosed assets 588,981 - 840,657 - 214,688 1,644,326 1,290,669 - 360,069 214,661 27 1,865,426 13. Liquidity Coverage Ratio (LCR) III. OTHER INFORMATION a. LCR individual 189.30% 195.42% CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 81,184,598 98,922,032 b. LCR consolidated 190.22% 195.57% 1. Assets pledged as collateral - - 14. Leverage Ratio (LR) Effect of foreign currencies exchange rate changes 877,652 (17,227 ) a. To Bank Indonesia - - a. LR individual 11.28% b. To other parties - - b. LR consolidated 11.90% CASH AND CASH EQUIVALENTS AT END OF THE YEARS 103,077,205 106,823,783 2. Impairment provision on earning assets 37,743,702 15,035,047 Compliance COMPONENTS OF CASH AND CASH EQUIVALENTS: 3. Required allowance for losses on 1. a. Percentage Violation of Legal Lending Limit Cash 12,041,582 11,446,244 earning assets 19,918,224 15,624,991 i. Related parties 0.00% 0.00% 4. Percentage of loans to micro, small ii. Non related parties 0.00% 0.00% Current accounts with Bank Indonesia 31,183,098 35,592,286 and medium enterprises (UMKM) b. Percentage Lending in Excess of The Legal Lending Limit to total loans 19.79% 20.22% i. Related parties 0.00% 0.00% Current accounts with other banks 15,476,319 20,295,184 5. Percentage of loans to micro and ii. Non related parties 0.00% 0.00% Placement with Bank Indonesia and other banks - maturing within three months of small enterprises (UMK) 2. Reserve Requirement to total loans 10.46% 10.25% a. Reserve Requirement (Rupiah) 5.00% 6.52% acquisition date 44,376,206 39,490,069 6. Percentage of micro, small and b. Reserve Requirement (Foreign Currency) 4.03% 8.01% medium enterprises (UMKM) 3. Net Open Position 4.01% 1.62% Total cash and cash equivalents 103,077,205 106,823,783 debtor to total debtor 12.58% 12.29% 7. Percentage of micro and small enterprises (UMK) debtor to SHAREHOLDER total debtor 12.14% 11.74% SPOT AND DERIVATIVE TRANSACTIONS 8. Others Ultimate Shareholder PT BANK NEGARA INDONESIA (PERSERO) Tbk a. Channeling 26,105 26,135 Republic of Indonesia : 60.00% AS OF JUNE 30, 2020 b. Funds distribution Non Ultimate Shareholder through Capital Market (≥ 5%) : Nil (IN MILLIONS OF RUPIAH) Mudharabah Muqayyadah - - Non Ultimate Shareholder through non Capital Market (≥ 5%) : Nil c. Earning assets written off 3,312,702 3,961,333 INDIVIDUAL d. Recovery of earning assets MANAGEMENT OF THE BANK Market Value of Derivatives Receivable and written off 604,083 1,279,310 NO TRANSACTIONS Notional BOARD OF COMMISSIONERS Contract Payable e. Earning assets written off no Amount longer collected - - President Commissioner/Independent Commissioner : Agus Dermawan Wintarto Martowardojo Trading Hedging Receivable Payable Vice President Commissioner/Independent Commissioner : Pradjoto *) Point a and b included loans of property and/or restructured loans. A. Exchanged Rate Related Point c is restructured loans to micro, small and medium enterprises (UMKM) debtor and non UMKM debtor included restructured loans on property. Independent Commissioner : Sigit Widyawan Point d is loans on property of micro, small and medium enterprises (UMKM) debtor and non UMKM debtor included restructured loans. Independent Commissioner : Asmawi Syam 1. Spot 5,751,839 5,751,839 - 3,215 6,693 Independent Commissioner : Septian Hario Seto*) 2. Forward 10,945,573 10,945,573 - 68,617 261,381 Independent Commissioner : Iman Sugema*) 3. Option ALLOWANCE FOR IMPAIRMENTS LOSSES ON EARNINGS ASSETS Commissioner : Ratih Nurdiati a. Sell - - - - - INDIVIDUAL Commissioner : Askolani b. Buy - - - - - Commissioner : Joni Swastanto 4. Future - - - - - JUN 30, 2020 (Unaudited) JUN 30, 2019 (Unaudited) Commissioner : Susyanto 5. Swap 25,799,794 25,799,794 - 846,057 188,161 NO ACCOUNTS Required allowance for Required allowance for 6. Others - - - - - Allowance for impairments losses on earning assets Allowance for impairments losses on earning assets BOARD OF DIRECTORS B. Interest Rate Related Stage 2 and Stage 3 Stage 1 General Special Individual Collective General Special President Director (CEO) : Herry Sidharta Managing Director - Finance (CFO) : Sigit Prastowo 1. Forward - - - - - 1. Placement with other banks 3 838 208,080 - - - 242,474 - Managing Director - Corporate Banking : Benny Yoslim 2. Option 2. Spot and derivatives receivables - - 9,955 - - - 3,800 - Managing Director - Treasury and International Banking : Putrama Wahju Setyawan a. Sell - - - - - 3. Securities 234,712 8,002 196,726 297,732 269,622 25,885 288,560 312,799 Managing Director - Institutional Relation : Sis Apik Wijayanto b. Buy - - - - - 4. Securities sold repurchase agreement (repo) - - 51,825 - - - 208,005 - Managing Director - Risk Management : Osbal Saragi Rumahorbo 3. Future - - - - - 5. Claims on securities bought under reverse repo - - 282,858 - - - - - Managing Director - MSME : Tambok P.S. Simanjuntak 4. Swap 3,393,064 3,393,064 - 58,576 52,817 6. Acceptance receivables 460,776 263,375 165,852 115,377 - 147,491 184,766 9,981 Managing Director - Consumer Banking : Corina Leyla Karnalies 5. Others - - - - - 7. Loans 31,629,577 3,677,854 4,737,065 12,759,915 4,456,166 9,660,749 4,857,491 8,412,689 Managing Director - Information Technology & Operation : Y.B. Hariantono 8. Equity investment - - 40,430 - - - 33,570 - Managing Director - Human Capital & Compliance : Bob Tyasika Ananta C. Others 657,073 657,073 - 19,047 17,694 9. Temporary equity investment 461,904 - - 108,651 244,464 - - 108,651 Managing Director - Services & Network : Adi Sulistyowati 10. Other bill - 77,365 146,680 58,799 - 130,214 116,771 53,674 TOTAL 46,547,344 46,547,344 - 995,512 526,746 11. Commitment and contingencies 90,160 839,136 629,242 109,037 - 100,456 652,630 139,130 *) Effective after the issuance of approval from Financial Service Authority. Notes : Jakarta, August 19, 2020 1. The above financial information is extracted from the consolidated financial statements of PT Bank Negara Indonesia (Persero) Tbk. (the “Bank”) and its subsidiaries as of June 30, 2020 and for the six-month period then ended, prepared by the Bank’s management in accordance with Indonesian Financial Accounting Standards which has been reviewed by S.E. & O KAP Purwatono, Sungkoro & Surja (“PSS”) (a member firm of Ernst & Young Global Limited) with Muhammad Kurniawan as the Partner-In-Charge, in accordance with the Standard on Review Engagements 2410, “Review of Interim Financial information performed by the Independent Auditor of the Entity” established by Indonesian Institute of Certified Public Accountants, with report dated August 18, 2020 which is not included in this publication and which does not contain matters that the Auditors believe that the Interim Consolidated Financial Statements is not prepared fairly in all material respects, the consolidated financial position of PT Bank Negara Indonesia (Persero) Tbk and its subsidiaries as of June 30, PT BANK NEGARA INDONESIA (PERSERO) Tbk 2020, and the consolidated financial performance and consolidated cash flows for the six-month period then ended, in accordance with Indonesian Financial Accounting Standards. The financial information provided does not cover Notes to the Interim Consolidated Financial Statements. Director 2. The above published Financial Statements are presented to comply with: a. Financial Services Authority Regulation (POJK) Number 32/POJK.03/2016 Dated August 8, 2016 on Amendment of POJK Number 6/POJK.03/2015 Dated March 31, 2015 regarding “Transparency and Published Financial Statements of The Banks”. b. Circular Letter of Financial Services Authority (SEOJK) Number 43/SEOJK.03/2016 Dated September 28, 2016 regarding “Transparency and Published Financial Statements of The Commercial Banks”. c. Financial Services Authority Regulation (POJK) Number 34/POJK.03/2016 Dated September 22, 2016 on Amendments of POJK Number 11/POJK.03/2016 Dated January 29, 2016 regarding “Capital Adequacy Ratio for The Commercial Banks”. d. Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) Regulation Number X.K.2, Decision of Chairman of Bapepam-LK Number KEP-346/BL/2011 Dated July 5, 2011 regarding “Submission of Periodic Financial Statements for Issuers or Public Companies”. e. Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) Regulation Number VIII.G.7, Decision of Chairman of Bapepam-LK Number KEP-347/BL/2012 Dated June 25, 2012 regarding “Presentation and Disclosure of Periodic Financial Statements for Issuers or Public Companies”. 3. Related parties in the Assets’ Quality and Other Information are presented in accordance with Bank Indonesia Regulation Number 7/3/PBI/2005 Dated January 20, 2005 which was amended by Bank Indonesia Regulation Number 8/13/PBI/2006 Dated October 5, 2006 Regarding The Legal Lending Limit for Commercial Banks. HERRY SIDHARTA SIGIT PRASTOWO 4. Exchange rate of 1 US Dollar as of June 30, 2020, June 30, 2019, and December 31, 2019 are IDR 14,255.00, IDR 14,127.50, IDR 13,882.50 respectively. 5. Basic earnings per share is computed by dividing income for the year available to shareholders of ordinary shares (residual income) by the weighted average number of ordinary shares outstanding during the current year. PRESIDENT DIRECTOR (CEO) MANAGING DIRECTOR - FINANCE (CFO)