CONSOLIDATED FINANCIAL STATEMENTS Financial Statements 2

ISO 9001:2015 1. Preparation and Verifcation Process of Bank Negara Indonesia Published CONSOLIDATED FINANCIAL STATEMENTS Financial Statements 2. Preparation, Verifcation, and Reporting Process of Corporate Income Tax PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES Certifcate ID16/03754

STATEMENTS OF FINANCIAL POSITION STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME PRIME LENDING RATE PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PT BANK NEGARA INDONESIA (PERSERO) Tbk AS OF DECEMBER 31, 2020 AND 2019 FOR THE PERIODS FROM JANUARY 1 TO DECEMBER 31, 2020 AND 2019 AS OF DECEMBER 31, 2020 (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH)

INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED (% per annum) NO ACCOUNTS DEC 31, 2020 DEC 31, 2019 DEC 31, 2020 DEC 31, 2019 JAN 1, 2020 JAN 1, 2019 JAN 1, 2020 JAN 1, 2019 Prime Lending Rate (Audited) (Audited) (Audited) (Audited) NO ACCOUNTS TO TO TO TO Business Segment DEC 31, 2020 DEC 31, 2019 DEC 31, 2020 DEC 31, 2019 Corporate Retail Micro Consumer Loan ASSETS (Audited) (Audited) (Audited) (Audited) Loan Loan Loan Mortgage Non Mortgage 1. Cash 16,878,580 14,922,678 17,324,047 15,361,703 OPERATING INCOME AND EXPENSES Prime Lending Rate 9.80 9.80 N/A 10.00 11.70 A. Interest Income and Expenses 2. Placement with Bank Indonesia 85,867,448 68,868,096 92,629,794 77,096,821 CALCULATION OF CAPITAL ADEQUACY RATIO 3. Placement with other banks 18,337,642 21,545,591 19,879,205 22,748,876 1. Interest income 51,899,056 54,195,638 56,172,871 58,532,373 PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES AS OF DECEMBER 31, 2020 AND 2019 4. Spot and derivatives/forward receivables 1,460,614 312,266 1,460,614 312,266 2. Interest expenses 18,006,553 20,873,312 19,020,905 21,929,999 (IN MILLIONS OF RUPIAH) 5. Securities 90,447,108 86,730,226 121,660,755 109,907,468 Net interest income (Expenses) 33,892,503 33,322,326 37,151,966 36,602,374 DEC 31, 2020 DEC 31, 2019 6. Securities sold under repurchase agreements (repo) 3,058,249 2,256,571 3,058,249 2,256,571 3. Premium Income - - 5,330,499 6,158,192 CAPITAL COMPONENTS Individual Consolidated Individual Consolidated 7. Securities purchased under resell agreements (reverse repo) 8,666,091 411,442 8,666,091 411,442 (Audited) (Audited) (Audited) (Audited) 4. Claim Expenses - - 3,859,411 4,461,264 8. Acceptance receivables 21,697,586 19,118,275 21,775,040 19,118,275 I. Tier 1 Capital 96,480,891 103,111,487 111,671,916 117,106,127 Net Premium Income (Claim Expenses) - - 1,471,088 1,696,928 9. Loans 551,786,774 522,750,099 553,106,469 524,121,874 1. Common Equity Tier 1 (CET 1) 96,480,891 103,111,487 111,671,916 117,106,127 Net interest income (Expenses) and Net Premium Income 1.1 Paid in Capital (Excluding Treasury Stock) 8,975,358 8,975,358 9,054,807 9,054,807 10. Sharia Financing - - 31,804,487 31,594,596 (Claim Expenses) 33,892,503 33,322,326 38,623,054 38,299,302 1.2 Reserve additional capital 96,010,981 99,306,838 107,228,092 109,717,062 11. Equity investments 4,343,360 4,306,332 813,087 985,007 1.2.1 Additional Factors 96,164,626 99,461,600 107,702,930 110,768,702 B. Operating Income and Expenses Other than Interest 1.2.1.1 Other comprehensive income 16,904,127 17,217,514 14,848,765 14,974,571 12. Other Financial Assets 17,674,105 18,711,626 17,733,002 18,772,207 1.2.1.1.1 Excess adjustment due to fnancial statement 1. Gain (loss) from increase (decrease) in fair value of fnancial assets 948,314 (75,634 ) 948,668 (87,598 ) translation 23,542 23,254 43,910 47,200 13. Allowance of impairment on fnancial assets -/- 1.2.1.1.2 Potential gain due to increases of fair value of a. Securities (257,192 ) (278,614 ) (254,919 ) (287,094 ) 2. Gain (loss) from increase (decrease) in fair value of fnancial liabilities - - - - fnancial asset through other comprehensive income 2,410,284 2,250,807 - - b. Loans (42,809,275 ) (15,837,399 ) (42,932,155 ) (15,854,393 ) 3. Gain (loss) from sale of fnancial assets 1,389,743 965,489 1,423,890 971,584 1.2.1.1.3 Fixed assets revaluation 14,470,301 14,943,453 14,804,855 14,927,371 1.2.1.2 Other disclosed reserves 79,260,499 82,244,086 92,854,165 95,794,131 c. Others (1,321,674 ) (1,162,006 ) (1,335,629 ) (1,164,010 ) 4. Gain (loss) from spot and derivatives (realised) 1,118,571 856,079 1,134,665 862,185 1.2.1.2.1 Agio 14,568,468 14,568,468 14,568,468 14,568,468 14. Intangible assets - - - - 5. Gain (loss) from investment under equity method - - - - 1.2.1.2.2 General reserves 2,778,412 2,778,412 2,778,412 2,778,412 1.2.1.2.3 Previous years proft 59,158,424 61,658,878 60,894,418 63,206,106 Accumulated amortization on intangible assets -/- - - - - 6. Gain (loss) from foreign exchange translation (962,621 ) (139,727 ) (963,150 ) (141,675 ) 1.2.1.2.4 Current year proft 2,755,195 3,238,328 14,612,867 15,241,145 15. Fixed assets and equipment 36,776,351 34,314,961 38,958,245 35,661,850 1.2.1.2.5 Paid in capital fund - - - - 7. Dividend income - - - - 1.2.1.2.6 Others - - - - Accumulated depreciation on fxed assets and equipment -/- (10,892,153 ) (8,641,930 ) (11,595,845 ) (9,137,090 ) 1.2.2 Deduction Factors (153,645 ) (154,762 ) (474,838 ) (1,051,640 ) 8. Commission/provision/fee and administrative 8,781,010 9,347,930 8,309,050 8,850,923 1.2.2.1 Other comprehensive lncome - - (256,908 ) (832,627 ) 16. Non earning assets 9. Other income 2,106,258 2,865,043 2,559,460 3,256,979 1.2.2.1.1 Negative adjustment due to fnancial a. Abandoned properties 28,676 28,676 28,676 28,676 statement translation - - - - 10. Impairment for fnancial assets 22,031,090 8,239,342 22,590,436 8,050,706 1.2.2.1.2 Potential losses due to impairment of fair value b. Foreclosed assets 1,755,729 1,055,345 1,867,506 1,163,562 of fnancial asset through other comprehensive c. Suspense account 5,050 5,492 5,050 5,492 11. Losses related to operational risk 72,362 92,933 92,535 92,933 income - - (256,908 ) (832,627 ) 1.2.2.2 Other disclosed reserves (153,645 ) (154,762 ) (217,930 ) (219,013 ) d. Interbranch assets 271,712 138,857 271,712 138,857 12. Personnel expenses 7,988,936 8,677,731 9,750,781 10,186,127 1.2.2.2.1 Disagio - - - - 17. Other assets 14,452,887 10,680,803 16,413,944 12,362,252 13. Promotion expenses 930,566 1,174,361 1,030,410 1,312,056 1.2.2.2.2 Previous years losses - - - - 1.2.2.2.3 Current year loss - - - - TOTAL ASSETS 818,227,668 780,237,387 891,337,425 845,605,208 14. Other expenses 11,886,730 10,727,246 13,340,031 12,883,255 1.2.2.2.4 Negative differences between regulatory provision and allowance for impairment losses LIABILITIES AND EQUITY Net Operating Income (Expenses) Other than Interest (29,528,409 ) (15,092,433 ) (33,391,610 ) (18,812,679 ) of earning assets - - - - 1.2.2.2.5 Negative differences on adjustment of LIABILITIES fair value on fnancial instrument in OPERATING INCOME (EXPENSES) 4,364,094 18,229,893 5,231,444 19,486,623 the trading book - - - - 1. Current accounts 221,462,458 199,393,808 227,475,026 207,046,526 1.2.2.2.6 Regulatory provision on non earning assets (153,645 ) (154,762 ) (217,930 ) (219,013 ) NON OPERATING INCOME AND EXPENSES 1.2.2.2.7 Others - - - - 2. Saving accounts 211,277,909 182,337,666 236,695,954 202,417,348 1.3 Minority Interest - 2,803 - 2,840 1. Gain (loss) from sale of fxed assets and equipment 7,390 36,528 8,701 33,086 1.4 Deduction Factors of CET 1 (8,505,448 ) (5,173,512 ) (4,610,983 ) (1,668,582 ) 3. Time deposits 199,471,917 189,344,223 215,281,465 205,188,569 1.4.1 Deferred Tax Calculation (4,558,072 ) (4,779,245 ) (1,083,442 ) (1,274,315 ) 2. Other non operating income (expenses) (20,800 ) (5,663 ) (127,992 ) (150,603 ) 1.4.2 Goodwill - - - - 4. Electronic Money 111,315 135,903 111,315 135,903 1.4.3 Other intangible assets - - - - NON OPERATING PROFIT (LOSS) (13,410 ) 30,865 (119,291) (117,517) 5. Liabilities to Bank Indonesia 446,841 470,347 446,841 470,347 1.4.4 Equity investment (3,947,376 ) (394,267 ) (3,527,541 ) (394,267 ) 1.4.5 Shortfall on the capital of insurance subsidiary - - - - 6. Liabilities to other banks 8,899,511 11,420,922 9,026,866 11,179,858 CURRENT YEAR PROFIT (LOSS) BEFORE TAX 4,350,684 18,260,758 5,112,153 19,369,106 1.4.6 Exposure of Securitization - - - - 1.4.7 Other deduction factors of CET 1 - - - - 7. Spot and derivatives liabilities/forward 414,280 203,054 414,280 203,054 Income taxes 1.4.7.1 Investment on AT 1 and/or Tier 2 Instrument in other Bank - - - - 8. Liabilities on securities sold under repurchase agreement (repo) 2,590,268 2,183,403 2,590,268 2,183,403 1.4.7.2 Cross-ownership in another entity acquired by the a. Estimated current year tax -/- (2,008,644 ) (3,802,159 ) (2,220,812 ) (4,107,435 ) transition due to the law, a grant or grants will - - - - 9. Acceptances liablilities 5,422,906 5,341,440 5,500,360 5,341,440 b. Deferred tax income (expenses) 413,155 154,265 430,101 246,912 1.4.7.3 Exposures that give rise to Credit Risk due to settlement failure (settlement risk) - Non Delivery Versus Payment - - - - 10. Securities issued 3,099,528 3,099,253 3,084,986 3,085,017 1.4.7.4 Exposures in Subsidiary Companies that carry out CURRENT YEAR NET PROFIT (LOSS) 2,755,195 14,612,864 3,321,442 15,508,583 11. Fund borrowings 42,872,192 55,948,491 44,012,500 57,169,571 business activities based on sharia principles (if any) - - - - CURRENT YEAR MINORITY INTEREST PROFIT (LOSS) - - 41,039 124,107 2 Additional Tier 1 (AT 1) - - - - 12. Margin Deposits received 659,780 325,145 659,780 325,145 OTHER COMPREHENSIVE INCOME 2.1 Instrument which comply with AT 1 Regulations - - - - 13. Interbranch liabilities - - - - 2.2 Agio/Disagio - - - - 1. Items that will not be reclassifed to proft or loss 2.3 Deduction factors of AT 1 - - - - 14. Other liabilities 17,883,006 13,135,526 33,165,585 25,855,079 2.3.1 Investment on AT 1 and/or Tier 2 Instrument in other Bank - - - - 15. Minority Interest - - 4,936,678 4,745,368 a. Gain (loss) from revaluation of properties 18,552 - 18,552 - 2.3.2 Cross-ownership in another entity acquired by the transition due to the law, a grant or grants will - - - - b. Gain (loss) from remeasurement on defned beneft plans (1,951,091 ) (237,205 ) (2,000,353 ) (248,137 ) TOTAL LIABILITIES 714,611,911 663,339,181 783,401,904 725,346,628 II. Tier 2 Capital 6,664,575 7,003,115 6,423,836 6,707,484 c. Others - - - - EQUITY 1. Capital Instrument in the form of Stock or others which comply with Tier 2 regulations 53,333 53,333 73,333 73,333 2. Items that will be reclassifed to proft or loss 16. Paid-in capital 8,975,358 9,054,807 8,975,358 9,054,807 2. Agio/Disagio - - - - a. Gain (loss) from exchange difference on translation of foreign currecy a. Authorized capital 15,000,000 15,000,000 15,000,000 15,000,000 3. General provision of earning assets b. Unpaid-in capital -/- (5,945,193 ) (5,945,193 ) (5,945,193 ) (5,945,193 ) fnancial statement (20,367 ) (41,041 ) (23,945 ) (37,687 ) (maximum 1.25% of RWA for Credit Risk) 6,611,242 6,949,782 6,350,503 6,634,150 c. Treasury stock -/- (79,449 ) - (79,449 ) - b. Gain (loss) from changes of fnancial assets on measured 4. Deduction Factor of Tier 2 Capital - - - - 4.1 Sinking Fund - - - - 17. Additional paid-in capital at fair value through other comprehensive income 2,146,983 2,728,292 2,877,026 3,161,180 4.2 Investment on Tier 2 Instrument in other Bank - - - - a. Agio 14,568,468 14,568,468 14,568,468 14,568,468 4.3 Cross-ownership in another entity acquired by the transition due c. Others - - - - to the law, a grant or grants will - - - - b. Disagio -/- - - - - OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX 194,077 2,450,046 871,280 2,875,356 Total Capital 103,145,466 110,114,602 118,095,752 123,813,611 c. Capital fund - - - - DEC 31, 2020 DEC 31, 2019 DEC 31, 2020 DEC 31, 2019 d. Others - - - - TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2,949,272 17,062,910 4,192,722 18,383,939 INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED 18. Other comprehensive income RISK WEIGHTED ASSET (RWA) CAPITAL ADEQUACY RATIO (CAR) a. Gains 16,904,127 14,591,858 17,410,994 14,171,800 Current Year Net Proft (Loss) Attributable to : RWA FOR CREDIT RISK 528,899,296 555,982,539 519,094,959 543,319,901 CET 1 Ratio (%) 15.70% 15.97% 18.66% 18.70% b. Losses -/------OWNER OF COMPANY 2,755,195 14,612,864 3,280,403 15,384,476 RWA FOR MARKET RISK 3,277,319 3,330,112 3,156,975 3,267,223 Tier 1 Ratio (%) 15.70% 15.97% 18.66% 18.70% RWA FOR OPERATIONAL RISK 82,456,568 86,541,168 76,231,925 79,593,563 Tier 2 Ratio (%) 1.08% 1.08% 1.07% 1.07% 19. Reserves - NON CONTROLLING INTEREST 41,039 124,107 RWA TOTAL 614,633,183 645,853,819 598,483,859 626,180,687 CAR (%) 16.78% 17.05% 19.73% 19.77% a. General reserves 2,778,412 2,778,412 2,778,412 2,778,412 TOTAL CURRENT YEAR NET PROFIT (LOSS) 2,755,195 14,612,864 3,321,442 15,508,583 CET 1 b. Specifc reserves - - - - CAR BASED ON RISK 9.95% 9.95% 9.95% 9.95% Allocation for 6.83% 7.10% 9.78% 9.82% PROFILE (%) Buffer (%) 20. Income/loss Total Comprehensive Proft (Loss) For The Year Attributable to: CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF CAPITAL BUFFER (%) a. Previous years 61,480,316 65,045,577 64,768,005 68,054,397 - OWNER OF COMPANY 2,949,272 17,062,910 4,001,412 18,192,475 Capital b. Current year 2,755,195 14,612,864 3,280,403 15,384,476 From CET 1 (%) 8.87% 8.87% 8.88% 8.88% Conservation 0.00% 0.00% 2.50% 2.50% - NON CONTROLLING INTEREST 191,310 191,464 Buffer (%) c. Paid Dividen -/- (3,846,119) (3,753,780 ) (3,846,119) (3,753,780 ) From AT 1 (%) 0.00% 0.00% 0.00% 0.00% Countercyclical 0.00% 0.00% 0.00% 0.00% TOTAL EQUITY ATTRIBUTABLE TO OWNERS 103,615,757 116,898,206 107,935,521 120,258,580 TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2,949,272 17,062,910 4,192,722 18,383,939 Buffer (%) Capital TOTAL EQUITY 103,615,757 116,898,206 107,935,521 120,258,580 DIVIDEND - - - - From Tier 2 (%) 1.08% 1.08% 1.07% 1.07% Surcharge for 1.50% 1.50% 1.50% 1.50% D-SIB (%) Capital Adequacy Ratio as of December 31, 2020 and 2019 have been calculated based on Indonesia Financial Services Authority Regulation POJK No. 34/POJK.03/2016 dated TOTAL LIABILITIES AND EQUITY 818,227,668 780,237,387 891,337,425 845,605,208 BASIC EARNINGS PER SHARE (in unit rupiah) 176 825 September 22, 2016 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 DECEMBER 31, 2020 AND 2019 AS OF DECEMBER 31, 2020 AND 2019 FOR THE PERIODS FROM JANUARY 1 TO DECEMBER 31, 2020 AND 2019 (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH)

INDIVIDUAL INDIVIDUAL CONSOLIDATED CONSOLIDATED NO ACCOUNTS DEC 31, 2020 (Audited) DEC 31, 2019 (Audited) NO ACCOUNTS DEC 31, 2020 DEC 31, 2019 DEC 31, 2020 DEC 31, 2019 CASH FLOWS DEC 31, 2020 DEC 31, 2019 Special Special Current Substandard Doubtful Loss TOTAL Current Substandard Doubtful Loss TOTAL (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) Mention Mention I. RELATED PARTIES I. COMMITMENT RECEIVABLES CASH FLOWS FROM OPERATING ACTIVITIES 1. Placement with other banks ------1. Undisbursed borrowings/fnancing Receipts from interest income 52,333,016 56,177,837 facilities - - - - a. Rupiah ------Receipts from sharia income 4,028,813 4,036,377 2. Outstanding of foreign currency from Payments of interest expense (18,478,792 ) (21,064,257 ) b. Foreign currency ------spot and derivatives (purchased) 54,457,465 39,865,544 54,457,465 39,865,544 2. Spot and derivatives/forward 3. Others 296,470 177,533 296,470 177,533 Payments of sharia expense (919,820 ) (990,498 ) receivables ------Premium income and investment returns 5,330,499 6,158,192 a. Rupiah ------II. COMMITMENT PAYABLES Claim expenses (3,859,411) (4,461,264 ) b. Foreign currency ------1. Unused loan/fnancing facilities to Other operating income 11,267,818 13,767,574 3. Securities 1,601,408 - - - - 1,601,408 1,301,408 - - - - 1,301,408 debtors Other operating expenses (22,826,335 ) (21,321,979 ) a. Rupiah 1,601,408 - - - - 1,601,408 1,301,408 - - - - 1,301,408 a. Committed 282,673 574,116 282,673 574,116 Non-operating expenses - net (119,292 ) (117,517 ) b. Foreign currency ------b. Uncommitted 45,450,218 56,359,470 46,990,812 57,730,901 Payment of income tax (1,544,212 ) (4,082,687 ) 4. Securities sold repurchase 2. Outstanding irrevocable L/C 10,111,469 9,153,285 10,113,295 9,170,365 agreement (repo) ------3. Outstanding of foreign currency from Cash fows before changes in operating assets and liabilities 25,212,284 28,101,778 a. Rupiah ------spot and derivatives (sold) 53,145,899 39,660,733 53,145,899 39,660,733 b. Foreign currency ------4. Others - - - - Changes in operating assets and liabilities: 5. Claims on securities bought under III. CONTINGENT RECEIVABLES Decrease/(increase) in operating assets: reverse repo ------Placements with Bank Indonesia and other banks 31,097,354 (30,848,186 ) a. Rupiah ------1. Guarantees received 18,176,897 18,386,303 18,202,239 18,395,832 Marketable securities and Government Bonds at fair value through proft or loss 1,738,086 (1,372,810 ) 2. Others 292,246 222,923 300,031 228,883 b. Foreign currency ------Securities purchased under agreements to resell (8,254,649 ) (411,442 ) 6. Acceptance receivables ------IV. CONTINGENT PAYABLES Bills and other receivables 1,333,246 5,395,525 7. Loans 442,071 - - - - 442,071 318,064 1,407 - - - 319,471 1. Guarantees issued 57,439,872 57,803,757 57,521,791 57,859,254 Loans (39,682,400 ) (50,013,784 ) a. Micro, small and medium 2. Others 71 - 71 - Acceptances receivables (2,656,765 ) 1,356,744 enterprises (UMKM) ------Prepaid expenses (197,833 ) (271,856 ) i. Rupiah ------ii. Foreign currency ------Other assets (2,145,641 ) (1,008,253 ) b. Non micro, small and medium FINANCIAL RATIOS Increase/(decrease) in operating liabilities: enterprises (Non UMKM) 442,071 - - - - 442,071 318,064 1,407 - - - 319,471 PT BANK NEGARA INDONESIA (PERSERO) Tbk Obligations due immediately 287,897 1,112,510 i. Rupiah 442,071 - - - - 442,071 318,064 1,407 - - - 319,471 AS OF DECEMBER 31, 2020 AND 2019 Deposits from customers 65,031,119 30,368,423 ii. Foreign currency ------(IN %) Deposits from other banks (2,561,245 ) (2,290,219 ) c. Restructured loans ------Accrued expenses 184,275 120,912 i. Rupiah ------INDIVIDUAL Employee benefts 2,899,943 612,895 ii. Foreign currency ------RATIOS DEC 31, 2020 DEC 31, 2019 Acceptances payable 158,920 924,827 8. Equity investment 3,947,376 - - - - 3,947,376 3,527,541 - - - - 3,527,541 (Audited) (Audited) Taxes payable (94,144 ) 45,905 9. Other Bills *) ------Other liabilities 1,785,732 414,847 10. Commitment and contingencies 6,786 - - - - 6,786 3,035 - - - - 3,035 Performance Ratio Increase deposits from temporary syirkah funds 117,745 5,151,142 a. Rupiah 6,786 - - - - 6,786 3,035 - - - - 3,035 1. Capital Adequacy Ratio (CAR) 16.78% 19.73% b. Foreign currency ------Net cash provided from/(used in) operating activities 74,253,924 (12,611,042 ) II. NON RELATED PARTIES 2. Non performing earning assets and non earning assets to total earning assets and non earning assets 3.05% 1.75% CASH FLOWS FROM INVESTING ACTIVITIES 1. Placement with other banks 18,337,642 - - - - 18,337,642 21,545,591 - - - - 21,545,591 (Placement)/proceed from markertable securities at fair value through other comprehensive a. Rupiah 1,462,515 - - - - 1,462,515 5,073,732 - - - - 5,073,732 3. Non performing earning assets to total earning assets 2.94% 1.63% income and amortized cost - net (3,834,695 ) 6,551,381 b. Foreign currency 16,875,127 - - - - 16,875,127 16,471,859 - - - - 16,471,859 4. Allowance of impairment on fnancial assets to total earning assets 6.22% 2.18% (Placement)/proceed of Government Bonds at fair value through other comprehensive income 2. Spot and derivatives/forward receivables 1,460,614 - - - - 1,460,614 312,266 - - - - 312,266 5. Gross NPL 4.25% 2.27% and amortized cost - net (6,909,989 ) 8,683,936 Acquisition of fxed assets (1,273,440 ) (1,851,800 ) a. Rupiah 2,687 - - - - 2,687 17,553 - - - - 17,553 6. Net NPL 0.95% 1.25% b. Foreign currency 1,457,927 - - - - 1,457,927 294,713 - - - - 294,713 Proceeds from sale of fxed assets 26,008 100,137 7. Return on Asset (ROA) 0.54% 2.42% 3. Securities 88,324,003 - 266,124 - 255,573 88,845,700 84,883,317 - 281,643 - 263,857 85,428,818 Net cash (used in)/provided from investing activities (11,992,116 ) 13,483,654 a. Rupiah 61,965,189 - - - 255,389 62,220,578 57,426,918 - - - 263,675 57,690,594 8. Return on Equity (ROE) 2.86% 14.00% b. Foreign currency 26,358,814 - 266,124 - 183 26,625,121 27,456,399 - 281,643 - 182 27,738,224 9. Net Interest Margin (NIM) 4.50% 4.92% CASH FLOWS FROM FINANCING ACTIVITIES 4. Securities sold repurchase (Decrease)/increase in borrowings (13,530,558 ) 5,273,245 agreement (repo) 3,058,249 - - - - 3,058,249 2,256,571 - - - - 2,256,571 10. Operating Expenses to Operating Income 93.31% 73.16% Increase/(decrease) in securities sold under agreements to repurchase 507,305 (20,010,573 ) a. Rupiah 1,742,135 - - - - 1,742,135 440,172 - - - - 440,172 11. Cost to Income Ratio (CIR) 44.17% 43.85% Treasury shares (79,449 ) - b. Foreign currency 1,316,114 - - - - 1,316,114 1,816,399 - - - - 1,816,399 Payment of lease liability (190,348 ) - 5. Claims on securities bought under 12. Loan to Deposit Ratio (LDR) 87.28% 91.54% Payment of dividends (3,846,119) (3,753,780 ) reverse repo 8,666,091 - - - - 8,666,091 411,442 - - - - 411,442 Compliance a. Rupiah 8,666,091 - - - - 8,666,091 411,442 - - - - 411,442 Net cash used in fnancing activities (17,139,169 ) (18,491,108 ) b. Foreign currency ------1. a. Percentage Violation of Legal Lending Limit 6. Acceptance receivables 18,561,804 3,115,946 - 19,835 - 21,697,585 17,343,432 1,774,843 - - - 19,118,275 i. Related parties 0.00% 0.00% NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 45,122,639 (17,618,496 ) 7. Loans 499,775,764 28,101,079 8,806,237 3,409,342 11,252,281 551,344,703 487,107,228 24,035,410 4,052,664 557,230 6,678,096 522,430,628 ii. Non related parties 0.00% 0.00% a. Micro, small and medium CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 81,184,598 98,922,032 enterprises (UMKM) 104,066,505 4,431,228 1,794,160 623,328 3,068,040 113,983,261 98,353,929 5,156,972 1,109,555 149,184 1,733,061 106,502,701 b. Percentage Lending in Excess of The Legal Lending Limit Effect of foreign currency exchange rate changes 600,362 (118,938 ) i. Rupiah 100,907,985 4,060,187 1,794,160 623,328 2,990,523 110,376,183 95,329,468 4,644,129 741,696 149,184 1,724,387 102,588,864 i. Related parties 0.00% 0.00% ii. Foreign currency 3,158,520 371,041 - - 77,517 3,607,078 3,024,461 512,842 367,858 - 8,674 3,913,835 ii. Non related parties 0.00% 0.00% CASH AND CASH EQUIVALENTS AT END OF YEARS 126,907,599 81,184,598 b. Non micro, small and medium 2. Minimum Statutory Reserve requirement COMPONENTS OF CASH AND CASH EQUIVALENTS: enterprises (Non UMKM) 395,709,259 23,669,851 7,012,077 2,786,014 8,184,241 437,361,442 388,753,298 18,878,438 2,943,110 408,046 4,945,035 415,927,927 a. Minimum Statutory Reserve requirement (Rupiah) 5.43% 6.70% Cash 17,324,047 15,361,703 i. Rupiah 306,389,392 14,786,505 5,713,224 2,475,107 7,381,720 336,745,948 306,397,045 15,969,581 2,702,378 408,046 4,587,739 330,064,789 Current accounts with Bank Indonesia 35,065,701 37,104,091 ii. Foreign currency 89,319,867 8,883,346 1,298,853 310,907 802,521 100,615,494 82,356,253 2,908,857 240,732 - 357,296 85,863,138 - Daily 0.50% 3.00% c. Restructured loans 106,992,090 20,744,302 7,067,295 2,343,921 2,446,449 139,594,057 13,078,710 17,146,197 3,331,881 68,067 1,747,594 35,372,449 - Average 4.93% 3.70% Current accounts with other banks 16,113,867 14,964,793 i. Rupiah 101,229,552 14,321,871 6,636,215 2,044,628 2,120,459 126,352,725 12,001,586 14,029,429 3,019,515 68,067 1,580,613 30,699,210 b. Minimum Statutory Reserve requirement Placement with Bank Indonesia and other banks - maturing within three months of acquisition date 58,403,984 13,754,011 ii. Foreign currency 5,762,539 6,422,431 431,079 299,293 325,989 13,241,331 1,077,124 3,116,768 312,366 - 166,981 4,673,239 (Foreign currencies) (Daily) 4.01% 8.01% 8. Equity investment 113,160 - 282,825 - - 395,985 54,453 - 724,338 - - 778,791 9. Other Bills *) 14,228,001 - - - 53,446 14,281,447 15,788,393 - - - 53,674 15,842,067 3. Net Open Position 3.16% 2.41% Total cash and cash equivalents 126,907,599 81,184,598 10. Commitment and contingencies 108,884,399 4,374,817 1,751 2,396 14,154 113,277,517 119,807,180 3,676,294 67,722 85,997 250,400 123,887,593 a. Rupiah 77,406,013 2,865,856 1,751 2,396 6,346 80,282,361 88,271,435 1,573,177 67,722 85,997 250,400 90,248,731 SHAREHOLDER b. Foreign currency 31,478,386 1,508,961 - - 7,808 32,995,155 31,535,745 2,103,117 - - - 33,638,862 STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS III. OTHER INFORMATION Ultimate Shareholder PT BANK NEGARA INDONESIA (PERSERO) Tbk Republic of Indonesia : 60.00% AS OF DECEMBER 31, 2020 1. Assets pledged as collateral - - Non Ultimate Shareholder through Capital Market (≥ 5%) : Nil a. To Bank Indonesia - - Non Ultimate Shareholder through non Capital Market (≥ 5%) : Nil (IN MILLIONS OF RUPIAH) b. To other parties - - 2. Foreclosed assets 1,755,729 1,055,345 MANAGEMENT OF THE BANK INDIVIDUAL *) Among other things, it consists of unaccepted sight L/C or usance L/C bills, travel checks purchased / taken over, advances to customers, collection bills, bailouts in the framework of government programs. Derivative Receivables and BOARD OF COMMISSIONERS NO TRANSACTIONS Notional Type Payables Amount President Commissioner/Independent Commissioner : Agus Dermawan Wintarto Martowardojo Trading Hedging Receivable Payable ALLOWANCE FOR IMPAIRMENTS LOSSES ON EARNINGS ASSETS Vice President Commissioner/Independent Commissioner : Pradjoto PT BANK NEGARA INDONESIA (PERSERO) Tbk Independent Commissioner : Sigit Widyawan A. Exchanged Rate Related AS OF DECEMBER 31, 2020 AND 2019 Independent Commissioner : Asmawi Syam 1. Spot 1,742,256 1,742,256 - 2,688 1,364 Independent Commissioner : Septian Hario Seto 2. Forward 6,365,153 6,365,153 - 109,384 243,504 (IN MILLIONS OF RUPIAH) Independent Commissioner : Iman Sugema 3. Option Commissioner : Ratih Nurdiati INDIVIDUAL a. Sell - - - - - Commissioner : Joni Swastanto DEC 31, 2020 (Audited) DEC 31, 2019 (Audited) b. Buy - - - - - Commissioner : Askolani NO ACCOUNTS Required allowance for Required allowance for 4. Future - - - - - Allowance for impairments Allowance for impairments Commissioner : Susyanto losses on earning assets losses on earning assets 5. Swap 32,397,324 32,397,324 - 1,294,877 121,933 Stage 1 Stage 2 Stage 3 General Special Stage 1 Stage 2 Stage 3 General Special BOARD OF DIRECTORS 6. Others - - - - - President Director (CEO) : Royke Tumilaar 1. Placement with other banks 182 - - 183,376 - Vice President Director : Adi Sulistyowati B. Interest Rate Related 2. Spot and derivatives/forward receivables - - - 14,606 - Managing Director - Finance (CFO) : Novita Widya Anggraini 1. Forward - - - - - 3. Securities 1,803 - 255,573 899,254 295,492 Managing Director - Corporate Banking : Silvano Rumantir 2. Option 4. Securities sold repurchase agreement (repo) - - - 30,582 - Managing Director - Treasury & International Banking : Henry Panjaitan a. Sell - - - - - 5. Claims on securities bought under Managing Director - Institutional Relation : Sis Apik Wijayanto b. Buy - - - - - reverse repo - - - 86,661 - Managing Director - Risk Management : David Pirzada 3. Future - - - - - 6. Acceptance receivables 65,377 18,100 1,115,113 185,618 165,715 Managing Director - Micro, Small & Medium Enterprise (MSME) : Muhammad Iqbal 4. Swap 3,344,269 3,344,269 - 45,878 40,454 7. Loans and fnancing provided 3,493,177 12,716,079 26,600,019 5,002,178 15,682,942 Managing Director - Services & Network : Ronny Venir 5. Others - - - - - 8. Equity investment - - - 40,605 42,424 Managing Director - Consumer Banking : Corina Leyla Karnalies 9. Other bill *) 107,534 - 22,471 142,280 53,446 Managing Director - Information Technology & Operation : Hariantono C. Others 523,722 523,722 - 7,787 7,025 Managing Director - Human Capital & Compliance : Bob Tyasika Ananta 10. Commitment and contingencies 950,866 258,748 165,556 1,088,912 234,356 TOTAL 44,372,724 44,372,724 - 1,460,614 414,280 *) Among other things, it consists of unaccepted sight L/C or usance L/C bills, travel checks purchased / taken over, advances to customers, collection bills, bailouts in the framework of government programs. Jakarta, January 30, 2021 Notes : 1. The above fnancial information is extracted from the Consolidated Financial Statements of PT Bank Negara Indonesia (Persero) Tbk and its subsidiaries as of December 31, 2020 and for the year then ended, prepared by the Bank’s management in accordance with Indonesian Financial Accounting Standards, which have been audited by Public Accounting S.E. & O Firm Purwantono, Sungkoro & Surja (a member frm of Ernst & Young Global Limited) with Muhammad Kurniawan as the Partner-in-Charge, independent auditor, in accordance with Standards on Auditing established by the Indonesian Institute of Certifed Public Accountants, with an unmodifed audit opinion, as stated in their report dated January 22, 2021 PT BANK NEGARA INDONESIA (PERSERO) Tbk which is not included in this publication. Those audit report also contains other matters paragraph which describes the presentation of Parent Entity Financial Information. Since the above fnancial information is extracted from the Consolidated Financial Statements, those information is not a complete presentation of the Consolidated Financial Statements. Director 2. The above published Financial Statements are presented to comply with: a. Financial Services Authority Regulation (POJK) Number 37/POJK.03/2019 Dated December 19, 2019 regarding “Transparency and Published Financial Statements of The Banks”. b. Circular Letter of Financial Services Authority (SEOJK) Number 9/SEOJK.03/2020 Dated June 30, 2020 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”. f. Certain accounts in the Consolidated Financial Statements for the dates and periods ended on December 31, 2019 have been reclassifed to conform to the provisions for the presentation of the Consolidated Financial Statements in OJK Circular Letter No. 9 / SEOJK.03 / 2020 dated June 30, 2020 concerning Transparency and Publication of Conventional Commercial Bank Reports. 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. 4. Exchange rate of 1 US Dollar as of December 31, 2020, and December 31, 2019 were IDR 14,050.00, and IDR 13,882.50 respectively. ROYKE TUMILAAR NOVITA WIDYA ANGGRAINI 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)