BBNI - Annual Report - 2020 - ENG-Revisi - Lamp

Implementation of Remuneration Board of Commissioners Investor Relations Functions 675
Good Corporate Governance 446 and Board of Directors 532 Compliance Function 676
Structure and Mechanism Meeting of The Board of Commissioners Independent External Auditor 682
Good Corporate Governance 458 and Directors 539 Risk Management 685
General Meeting of Shareholders 462 Affiliation Relationship 572 Internal Control System 709
Board of Commissioners 476 Information on Main and Legal Cases 716
Independent Commissioner 493 Controlling Shareholders 574 Administrative Sanction 722
Board of Directors 496 Organs and Committees under Access to Company’s
Policy on Diversity in the Composition of The Board of Commissioners 576 Information and Data 723
members of the Board of Commissioners Committees Under the Board of Directors 637 Anti Money Laundering (AML)
and Board of Directors 512 Internal Audit Unit 658 and Counter Terrorism Financing (CTF) 732
Good Corporate Governance Assessment 520 Corporate Secretary 669 Protection of Creditors’ Rights 734
Annual Report 2020

444 PT Bank Negara Indonesia (Persero) Tbk Uniting Energy to Revive the Country
Corporate
Governance
Fishermen in the beaches of Banda Aceh,

NAD together roll nets whose length can
stretch to tens of meters after Tarik Pukat,
which is a unique traditional way of fishing
that is a legacy from the days of the
sultanate of centuries past.
Anti Corruption Program 734 Transparency of Reporting 759 Bad Corporate Governance Practices 769
Company Code of Ethics 735 Equal Treatment for All Shareholders 762 Implementation of Integrated Governance 770
Anti-Gratuity & Anti-Bribery Policy 738 Policy on Conflict of Interest Implementation of Corporate Governance
Whistle Blowing System 741 (Including Insider Trading) 762 Aspects and Principles in Accordance with
Internal Fraud 744 Stocks and Bonds Buyback 763 Financial Services Authority Regulations 778
Provision of Funds to the Related Management of the State Officials’ Implementation of the ASEAN
Parties and Large Exposure 745 Assets Report (LHKPN) 764 Corporate Governance Scorecard 786
Provision of Funds for Social and Transparency of Financial and
Political Activities 746 Non-Financial Conditions 765
Procurement of Goods and/or Services 747 Transparency of Customer Complaint
Bank’s Strategic Plan 758 Procedures and Dispute Settlement
to Customers 766
Annual Report 2020

Uniting Energy to Revive the Country PT Bank Negara Indonesia (Persero) Tbk 445
Implementation of
Good Corporate Governance
BNI believes that the achievement of good performance to shareholders, managers and other stakeholders, but
can be maintained in the long term and that various more than that, encourages the Company to create
business prospects can be realized if the Bank implements maximum value for shareholders. BNI is committed to
the principles of Good Corporate Governance (GCG) implementing high standards in the application of GCG
consistently, properly and correctly. Therefore, for the principles. These principles serve as references for
Bank, GCG implementation is not just about carrying responsible decision making, avoiding conflicts of interest,
out obligations, however, it is an imperative to maintain optimizing performance, and increasing accountability.
transparency and accountability of Bank management to The implementation of GCG within the Bank has become
the public. the backbone of the Bank in facing every challenge,
including the Bank’s operational challenges in the midst of
The development of GCG that is in line with best a pandemic and in facing disruption in the era of the digital
practices in a sustainable and consistent manner not economy.
only provides adequate protection and fair treatment
Annual Report 2020

Corporate
Governance
As a banking institution, BNI is committed to implementing

prudential banking principles and consistently prioritizing
ethics and integrity in the management of the Bank
with the aim of encouraging performance improvement,
ensuring the fulfillment of the rights of stakeholders,
and increasing compliance with laws and regulations,
GCG principles serve as
generally accepted in the banking and capital market
references in making responsible industries. Continuously developing GCG in line with best
practices will encourage the Bank to provide a control and
decisions, avoiding conflicts of
risk management system that can ensure accountability
interest, optimizing performance, commensurate with the business risks it faces. More
than that, GCG development can also provide adequate
and increasing accountability. The
protection and fair treatment to all shareholders and other
implementation of GCG within the stakeholders, through maximally increasing shareholder
value.
Bank has become the backbone
of the Bank in managing every The effectiveness of GCG implementation is reflected
in the harmony among the 3 (three) aspects of the
challenge, including the Bank’s
governance system, namely governance structure,
operational challenges in the governance processes and governance outcomes.
Governance Structure is related to the adequacy of
midst of a pandemic and in facing
Corporate Governance Structure and Infrastructure so that
disruption in the digital economy the implementation of the principles of Good Governance
will produce outcomes in accordance with the expectations
era.
of stakeholders. The governance structure includes the
Board of Commissioners, the Board of Directors, the
Committees and Work Units of the Company. Meanwhile,
the governance infrastructure includes policies and
procedures, management information systems and the
main tasks and functions of each organizational structure.
Meanwhile, the Governance Process is the effectiveness

of the process of implementing the principles of Good
PRINCIPLES OF CORPORATE Governance, which is supported by the adequacy of the
GOVERNANCE structure and infrastructure of Corporate Governance so
as to produce outcomes that meet the expectations of all
Good Corporate Governance (GCG) is a mechanism or stakeholders.
system that directs and controls the Company to meet the
expectations of stakeholders, in a manner that is in line As a result, Governance Outcomes that meet the
with applicable laws and regulations, as well as compliance expectations of stakeholders are achieved through
with business ethics norms that applies universally and the process of implementing the principles of Good
values that are upheld by the management and employees Governance and are supported by an adequate Governance
of the Bank. GCG can influence the determination and structure and infrastructure. Thus, the Governance
achievement of the Bank’s goals, monitoring and assessing Outcome is the final result of the implementation of
business risks, maximizing efforts to improve performance the Governance Process and adequate support from
and developing a work culture within the Bank. Therefore, the Governance structure. The existence of problems
improving the quality of effective and sustainable GCG in the Governance structure creates weaknesses in
implementation is very important.
Annual Report 2020

Implementation of Good Corporate Governance
the Governance Process. On the other hand, a weakness in the Governance Process has an impact on the Governance
Outcome.
The Board of Commissioners, Directors and all employees are committed to implementing high standards in the application
of GCG principles. These principles serve as references for responsible decision making, avoiding conflicts of interest,
optimizing performance, and increasing accountability. All BNI Hi-Movers will also continue to improve the quality of the
implementation of GCG principles in all aspects of their business activities including in an integrated manner. Along with
the development of Best Practices for the implementation of Corporate Governance, both in the banking industry and in the
financial services industry, as a state-owned bank registered in the capital market, BNI understands that the implementation
and development of GCG has enormous benefits for BNI. With the implementation and development of GCG, BNI has
guidelines in carrying out its business activities so that it is always in line with the goals and needs of each stakeholder.
Harmony between stakeholders and BNI will foster mutual trust and a conducive attitude within the Bank which leads to an
increase in superior work characteristics and professionalism in every BNI person.
The implementation of GCG within BNI is always based on strong integrity, so that the principles of Governance can be
implemented at every level of the organization, and implemented in every activity of BNI and all banking operations can run
consistently and continuously. The implementation of Governance at BNI is based on the basic principles of GCG, namely
transparency, accountability, responsibility, independence, equality and fairness. The implementation of these principles
within the BNI environment has been agreed upon by the Board of Commissioners, Directors, management and all BNI
Hi-Movers to create a Bank that continues to grow and has global competitiveness, and is strong and survives in running its
business.
The implementation of BNI’s GCG principles can be described as follows:
Principles of GCG Description
Transparency 1. The Bank discloses information in a timely, adequate, clear, accurate and comparable manner and can be accessed by
stakeholders according to their rights.
2. The Bank discloses information which includes but is not limited to the vision, mission, business objectives, Bank
strategy, financial condition, composition and compensation for the management, Controlling Shareholders, executive
officers, risk management, internal supervision and control systems, compliance status, systems and implementation of
good corporate governance as well as material information and facts that can influence investors’ decisions.
3. The principle of openness shall observe provisions on bank secrecy, position secrets and personal rights in accordance
with applicable regulations.
4. Bank policies must be written and communicated to stakeholders and those entitled to obtain information about the
policy.
Accountability 1. The Bank sets business goals and strategies accountable to stakeholders.
2. The Bank establishes a check and balance system in the management of the Bank.
3. The Bank has performance measures of all organizational organs based on agreed measurements and in line with
the Company’s values (Corporate Culture Values), the Bank’s business goals and strategies and has a rewards and
punishment system.
4. The Bank must ensure that all of the Bank’s organizational organs are competent in accordance with their responsibilities
and understand their role in implementing good corporate governance.
Responsibility 1. The Bank adheres to the prudential bank practices and ensures compliance with applicable regulations.
2. The Bank as a good corporate citizen cares about the environment and carries out social responsibility fairly.
Independence 1. The Bank avoids improper domination by any stakeholder and shall not be affected by unilateral interests and shall be
free from conflict of interest.
2. The Bank makes decisions objectively and shall be free from any pressure from any party.
Equality and 1. The Bank takes into account the interests of all stakeholders the principles of equality and fairness (equal treatment).
Fairness 2. The Bank provides opportunities for all stakeholders to provide input and convey opinions for the Bank’s interests as well
as open access to information in accordance with the principle of openness.
Annual Report 2020

Corporate
Governance
FOUNDATION OF IMPLEMENTATION OF Governance Scorecard, and the Principles for

CORPORATE GOVERNANCE Enhancing Corporate Governance issued by the Basel
Committee on Banking Supervision.
To implement corporate governance in accordance with
standards and in a measurable manner, the Company OBJECTIVES OF GOOD CORPORATE
always refers to related regulations, corporate governance GOVERNANCE IMPLEMENTATION
guidelines issued by national and international institutions,
as well as best practices that apply in Indonesia and The implementation of Good Corporate Governance (GCG)
internationally. However, BNI places compliance and within the Bank aims to:
application of regulations, guidelines, standards and best 1. Increase BNI’s corporate value by applying GCG
practices of corporate governance as more than just principles consisting of transparency, accountability,
fulfilling obligations, but as part of the company’s strategy responsibility, independence as well as fairness and
and culture that will continue to be maintained and refined. equality in conducting its business so that BNI has
strong competitiveness, both at the national and
The foundation for implementing BNI’s corporate regional levels.
governance refers to the following terms and guidelines: 2. Encourage every BNI organ to always emphasize the
1. Law No. 7 of 1992 concerning Banking as amended by culture of GCG in every decision making which is
Act No. 10 of 1998; based on the prevailing values and norms as well as a
2. Law No. 40 of 2007 concerning Limited Liability high level of compliance with the prevailing laws and
Companies; regulations.
3. Financial Services Authority Regulation (POJK) No. 3. Improving BNI’s performance through the Company’s
55/POJK.03/2016 concerning Implementation of efficiency programs created from the implementation
Governance for Commercial Banks; of a GCG culture in every BNI organ.
4. POJK No. 18/POJK.03/2014 concerning 4. Increase investor confidence and place BNI as the
Implementation of Integrated Governance for Financial main choice for investment.
Conglomerates;
5. POJK No. 21/POJK.04/2014 concerning RELATIONSHIP BETWEEN GOOD
Implementation of Governance Guidelines for Public CORPORATE GOVERNANCE AND
Companies; COMPANY PERFORMANCE
6. POJK No. 29/POJK.04/2016 concerning the Annual
Report of Issuers or Public Companies; The sustainable implementation of GCG has been proven
7. POJK No. 4/POJK.03/2016 concerning Assessment of to have a positive impact on BNI’s performance. This is
the Soundness of Commercial Banks; demonstrated by various BNI achievements throughout
8. POJK No. 8/POJK.04/2015 concerning Website of 2020 which achieved excellent performance in terms
Issuers or Public Companies; of finance, operations and as evidenced by the awards
9. POJK No. 31/POJK.04/2015 concerning Disclosure received by BNI. Improved GCG implementation is in
of Information or Material Facts by Issuers or Public line with the improvement of BNI’s overall performance.
Companies; Recognition from external parties achieved by BNI in the
10. POJK No. 42/POJK.04/2020 concerning Affiliated form of awards, both related to performance, information
Transactions and Conflict of Interest Transactions; disclosure and GCG implementation, among others are:
11. SEOJK No. 13/SEOJK.03/2017 concerning 1. “The Most Trusted” Company from The Indonesia
Implementation of Governance for Commercial Banks; Institute for Corporate Governance on December
12. SEOJK No. 15/SEOJK.03/2015 concerning 17, 2020, with an increase in the score of GCG
Implementation of Integrated Governance for Financial implementation in 2020 from 89.74 to 90.74. Currently
Conglomerates; there are only 13 companies that have the title “the
13. SEOJK No. 32/SEOJK.04/2015 concerning Public Most Trusted Company”.
Company Governance; 2. Predicate as a company that is “Very Good” in
14. SEOJK No. 30/SEOJK.04/2016 concerning the Form the implementation of GCG based on the ASEAN
and Content of the Annual Report of Issuers or Public Corporate Governance Scorecard (ACGS) 2020
Companies; standard from the Indonesia Institute for Corporate
15. Various GCG implementation guidelines include Directorship (IICD) on December 18, 2020. BNI’s
the Corporate Governance Principles developed ACGS score is 97.02 (far above an average of 100
by the Organization for Economic Cooperation issuers with the largest capitalization in Indonesia with
and Development (OECD), the ASEAN Corporate an average score of 72.88). BNI’s score increased
compared to 2019 from 95.61 to 97.02.
Annual Report 2020

3. The Best GRC Overall for Corporate Governance & Performance 2020 (International Trade & Corporate Banking) at the
GRC (Governance, Risk & Compliance) & Performance Excellence Award 2020 on July 30, 2020 held by Businessweek
Indonesia and the CEO Forum.
4. Award from the Corruption Eradication Commission (KPK) as Rank I of the Gratification Control Unit (UPG) for the
Category of State-Owned Enterprises (BUMN)/Regional Owned Enterprises (BUMD).
Besides the above achievements, BNI also managed to post a good financial performance record in 2020, as follows:
1. Interest and Sharia Income decreased by 4.0% to Rp56.2 trillion.
2. Loans disbursed increased 0.4% to Rp542.0 trillion.
3. Customer Deposits increased 11.2% to Rp647.6 trillion.
4. Gross NPL is recorded at 4.3% in 2020
5. Total Assets increased by 5.4% to Rp891.3 trillion.
6. Equity decreased 9.7% to Rp112.9 trillion.
7. Profit for the year decreased 78.6% to Rp3.3 trillion.
GCG IMPLEMENTATION DEVELOPMENT
Year Activities
2001 BNI is committed to implementing Good Corporate Governance. This commitment was spearheaded by the BNI Commissioners and
Directors with the signing of the Joint Decree of Commissioners and Directors No. KEP/001/DK and KP/001/DIR dated January 3, 2001
regarding the Implementation of the Principles of Good Corporate Governance as stated in the Corporate Governance Handbook of PT
Bank Negara Indonesia (Persero) Tbk. which is then used as a guideline for the Board of Directors and Commissioners in managing BNI.
2002 As part of its commitment to continuous improvement in the implementation of corporate governance, BNI carried out the following
activities.
• Establishing a Compliance Unit and an Anti-Money Laundering Unit under the responsibility of the Legal and Compliance Division.
• Forming a Remuneration and Nomination Committee which has a role and responsibility in preparing performance appraisal
criteria for each member of the Board of Commissioners and Board of Directors as well as assessing the structure, systems
and implementation of compensation for the Board of Directors and provide suggestions for amendments to the Board of
Commissioners if requested.
• Establishing an assessment center to improve the process/system for selecting executive officers.
• Improve the banking information system.
• Commissioners have established an Audit Committee Charter as a guide for members of the Audit Committee in carrying out their
duties.
2003 BNI continues to improve its corporate governance, both in terms of commitment and compliance with its implementation. Every
employee is required to sign a statement of compliance with the Code of Conduct.
One of the efforts to improve governance, in 2003, BNI established an Executive Committee which is tasked with assisting the Board of
Directors in certain areas, namely:
• Asset & Liability Committee (ALCO).
• Risk Management Committee.
• Credit Policy Committee.
• Human Resources Committee.
• Technology Management Committee.
2004 The following are important achievements in the implementation of corporate governance during 2004:
• BNI management has approved the establishment of a Good Corporate Governance Committee which is tasked with assisting the
Board of Directors in evaluating and optimizing the effectiveness of governance policies and implementation Companies in the BNI
work environment.
• BNI is rated as one of the five public companies with good corporate governance practices in a survey conducted by Standard &
Poor’s Governance Services and Corporate Governance and Financial Reporting Center (CGRfC) headquartered in Singapore.
• Management implements the Zero Fraud program to foster healthy and responsible banking practices, awareness of risks, and
inherent supervision of deviant behavior. Through this program, BNI provides rewards for work units that succeed in achieving Zero
Fraud in their operations and vice versa to sanction work units that fail to prevent fraud.
• BNI formed a Work Ethics Team that works under the Human Resources Committee. This team periodically evaluates the progress
of work ethics in the BNI work environment.
BNI has increased stakeholder access to all information that has a material impact on BNI, including quarterly financial reports, Annual
Reports, information on the use of funds from corporate actions, information that can influence investors’ investment decisions, General
Meeting of Shareholders results, and events. Other important matters are related to BNI, whether through the BNI website, reports to
Bapepam, the Stock Exchange, mass media, public expose, and analyst meetings.
2005 BNI’s commitment to improving governance is evidenced by the establishment of a GCG Monitoring organizational unit through the
Decree of the Board of Directors No. KP/174/DIR/R dated 26 April 2005.
Annual Report 2020

Corporate
Governance
Year Activities
2006 The signing of the “Statement of Commitment to Implement Good Corporate Governance” by all Directors, Commissioners, and
Division Heads at the Company Work Meeting, which is then followed by all employees at all levels of the organization and is updated
annually.
2007 As a follow-up to the signing of the “Statement of Commitment to Implement Good Corporate Governance” in the previous year, BNI
prepared a GCG program, including:
• GCG e-learning.
• Guidelines and Work Procedures for BNI Commissioners and Directors.
• BNI’s Individual Behavior Demand Book, which consists of Work Culture Values and Main Behaviors of BNI People, called
PRINCIPLES 46.
• BNI received the title of Trusted Company in the Corporate Governance Perception Index ranking organized by The Indonesian
Institute for Corporate Governance (IICG) and SWA magazine.
2008 Regarding the application of Know Your Customer Principles (PMN) and the implementation of the Money Laundering Law (UU
TPPU), the Compliance Division in collaboration with the Information Technology Division has developed and continues to improve the
integrated system with the iCONS system to identify suspicious financial transactions.
2009 BNI succeeded in improving its performance which resulted in an increase in profits of up to 103% compared to the previous year. This
cannot be separated from the consistent implementation of GCG by all BNI Hi-Movers.
2010 Launch of an integrated Whistleblowing System (WBS) so that transparency is maintained and its implementation is understood by
all BNI employees. Improvement of the code of conduct for BNI employees aimed at improving the quality of BNI employees. BNI’s
participation in the ranking of GCG implementation carried out by independent rating agencies, namely the Center for Good Corporate
Governance of Gadjah Mada University (CGCG UGM), The Indonesian Institute for Corporate Directorship (IICD).
2011 BNI won various awards from various national and international institutions. Some of the major awards include:
• Best of The Best Company BUMN in 2011.
• The 2011 Most Admired ASEAN Enterprose Economics Challenges Award.
• The Most Trusted Company from The Indonesian Institute for Corporate Governance (IICG).
• BNI’s information technology governance has been recognized for its reliability by awarding the IT Governance Award by the
Ministry of BUMN.
2012 • Self-assessment results in accordance with Bank Indonesia regulations in 2011 and 2012 show a stable trend with a composite
predicate Very Good.
• Establishment of the Anti-Fraud Committee which was formed based on the Decree of the Board of Directors No. KP/508/
DIR/R dated 9 November 2012 regarding the establishment of the Anti-Fraud Committee (KAF). In carrying out its duties and
responsibilities, KAF is assisted by the Ethics Management Unit in the Compliance Division, which functions as data liaison and
reporting with other Divisions/Units as well as external parties related to Anti-Fraud Strategy and manages databases related to
Fraud in BNI.
2013 BNI won the following awards:
• Most Trusted Company Based on Investors and Analysts Assessment Survey on the 2013 Good Corporate Governance Award.
• Most Trusted Company Based on Corporate Governance Index (CGPI) at the 2013 Good Corporate Governance Award.
• Award as The Best Bank in Indonesia in Developing Good Corporate Governance (GCG) from Asiamoney Magazine.
2014 BNI continues to make improvements and updates to improve corporate governance.
• BNI also continues to support economic and environmental growth by organizing the Kampoeng BNI program, PKBL, CSR activities
organized by BNI Syariah, and commitment to the One Billion Indonesian Trees (OBIT) program which has planted more than 7
million trees in the last 7 years.
2015 BNI won awards as:
The Best State Owned Enterprise and Top 50 Public Listed Companies in the Good Corporate Governance Award held by The
Indonesian Institute for Corporate Directorship (IICD
2016 2016 BNI again won the award as
• The Best State Owned Enterprise and Top 50 Public Listed Companies in the Good Corporate Governance Award organized by the
Indonesian Institute for Corporate Directorship (IICD).
2017 BNI again won awards as:
• 1st Place in the Listed BUMN Financial Category in the 2016 Annual Report Award.
• The Best State Owned Enterprise and Top 50 Public Listed Companies in the Good Corporate Governance Award held by The
2018 BNI again won the award as
• The Best State Owned Enterprise and Top 50 Public Listed Companies in the Good Corporate Governance Award organized by the
• Most Trusted Based on Corporate Governance Index (CGPI) on Good Corporate Governance.
2019 BNI strives to maintain GCG implementation in accordance with best practices, regulations and standards that have won BNI awards as:
• The Best State Owned Enterprise and Top 50 Public Listed Companies in the Good Corporate Governance Award held by the
• Most Trusted Based on Corporate Governance Index (CGPI) on Good Corporate Governance.
• The Best Good Corporate Governance Issuer from IDX Channel.
In addition, BNI has also digitized the implementation of the Board of Directors Meeting and GCG commitments for all BNI Hi-Movers.
In an effort to improve the implementation of GCG, the Bank is also actively collaborating with external institutions IICD in order to
improve the implementation of GCG in BNI.
Annual Report 2020

Year Activities
2020 BNI’s striving to maintain GCG implementation in accordance with best practices, regulations and standards brings BNI as:
• Award as “the Most Trusted” Company from The Indonesia Institute for Corporate Governance (IICG).
• Predicate as a company that is “Very Good” in the implementation of GCG based on the ASEAN Corporate Governance Scorecard
(ACGS) standard from the Indonesia Institute for Corporate Directorship (IICD).
• The Best GRC Overall for Corporate Governance & Performance 2020 (International Trade & Corporate Banking) at the GRC
(Governance, Risk & Compliance) & Performance Excellence Award 2020 held by Businessweek Indonesia and the CEO Forum.
• Award for Rank I Gratification Control Unit (UPG) Category for State Owned Enterprises (BUMN)/Regional Owned Enterprises
(BUMD) from the Corruption Eradication Commission (KPK).
Throughout 2020, BNI has implemented the following GCG 3. Report on Material Information or Facts on Additional
implementation: Equity Participation in PT Bank Mizuho Indonesia.
4. Payment of cash dividends for the financial year 2019
January on March 24, 2020.
1. Submission of GCG Self Assessment for the position 5. Report on Information or Material Facts Information on
of December 2019 to the OJK. Additional Capital Participation in Non-Cash (Inbreng)
2. Issuance of the Updated Guidelines for Integrated Subsidiary PT Bank BNI Syariah dated March 31, 2020.
Governance of the BNI Financial Conglomeration
based on the Approval of the Board of Commissioners April
No. DK/003 dated January 16, 2020 and Approval from 1. Refreshment to all frontliners and outlet leaders on
the Board of Directors No. DIR/005 dated January Anti Fraud Awareness.
7, 2020 Submission of Annual Financial Report on 2. Online Assessment of the Implementation of Anti-
January 23, 2020. Money Laundering and Prevention of Terrorism
3. Invitation for the 2019 Annual GMS on Funding through the Compliance Information
January 29, 2020. Management System Application.
4. Submission of Evidence of Invitation for GMS on 3. Socialization to the Board of Directors and the Board
January 29, 2020 of Commissioners regarding the Implementation of
5. Submission of the Annual Report on January 29, 2020. the Anti-Fraud Strategy.
6. Submission of the 2019 Sustainability Report on 4. The signing of the Integrity Pact for the Board of
January 29, 2020. Directors and the Board of Commissioners.
February May
1. Submission of TKT Self Assessment for December 1. Updating the Company Guidelines (PP) on Anti-Fraud
2020 position to OJK. Strategy
2. Implementation of Mandatory e-learning through BNI 2. Training and socialization of the Anti-Bribery
Smarter, with materials including: GCG, Anti Fraud Management System (ABMS)
Awareness, Risk Culture and Work Culture. 3. Socialization of the Prohibition of Gratuities related to
3. Report on Change of the Management. Eid al-Fitr to all BNI Hi-Movers.
4. Submission of the Summary of the Minutes of the 4. Anti-gratification publications related to Eid al-Fitr in
2019 Annual GMS on February 24, 2020 the Bisnis Indonesia daily on May 13, 2019 and the
5. Issuance of a Compliance Reminder with the theme of company’s website.
Business Banking Credit Monitoring Intensity. 5. Written advice to all units regarding the prohibition of
6. GCG training for new employees (ODP). accepting gratuities such as in the framework of Eid.
7. Notification of PT Bank Negara Indonesia (Persero) Tbk 6. Posting posters prohibiting gratuities.
Cash Dividend Payment Implementation on February 7. Legal Governance Risk & Compliance with the theme
26, 2020. “Bank Secrets” dated May 5, 2020.
8. Report on Information or Material Facts on the
March Establishment of the Euro Medium Term Notes
1. Submission of information on changes in the Audit Program and Registration on the Singapore Stock
Committee on March 12, 2020. Exchange on May 11, 2020.
2. Report on the Shares Buyback Plan issued by the
Company amidst Significantly Fluctuating Market
Conditions on March 13, 2020.
Annual Report 2020

Corporate
Governance
9. Live Streaming - Series Legal Governance Risk & September

Compliance on May 13, 2020. 1. Submission of the Public Expose Results Report -
10. Report on Material Information or Facts on the Annual September 1, 2020
Issuance of Scripless/Negotiable Certificate of Deposit 2. Submission of the Summary of the Minutes of the
(“NCD”) I BNI 2020 on May 13, 2020. Extraordinary General Meeting of Shareholders on
11. Submission of Unaudited Interim Financial Statements September 3, 2020.
on May 20, 2020 3. Publication of the Summary of Minutes of the
12. Report on the Impact of the Covid-19 Pandemic on the Extraordinary GMS on September 4, 2020.
Company. 4. Report on Changes to the Audit Committee on
13. Report on Changes to the Audit Committee on June 2, September 9, 2020
2020.
October
June 1. Updating the Company Guidelines (PP) on Whistle
1. Risk Compliance and KYC training. Blowing System
2. GCG Training for New Employees (ODP) 2. Online training on Introduction to Principles 46 in the
3. Regional Office Governance Risk & Compliance (GRC) Assistant Development Program on October 5, 2010.
Forum. 3. Webinar on GCG Model and Aspects of Strategy for
4. Submission of Report on the Implementation Integrated Governance with Subsidiaries on
of Corporate Secretary functions to the Board October 13, 2020.
of Directors which is copied to the Board of 4. Report on Material Information or Facts on the Signing
Commissioners in accordance with the provisions of the Conditional Merger Agreement on
stipulated in POJK No. 35/POJK.04/2014. October 13, 2020.
5. Report on the Impact of the Covid-19 Pandemic on the 5. Online Training on the Implementation of Good
Company. Corporate Governance and Work Culture on
October 21, 2020.
July 6. Submission of Unaudited Interim Financial Statements
1. Information Report or Material Facts in the Information by October 27, 2020.
on Additional Capital Participation in Non-Cash
(lnbreng) Subsidiary PT Bank BNI Syariah on July 1, November
2020. 1. Issuance of Anti-Bribery Management System
2. Submission of GCG Self Assessment for the position Company Guidelines.
of June 2020 to OJK. 2. Anti-Fraud Commitment & Implementation of
3. Webinar on Anti-Bribery Management System AKHLAK’s Core Values through the signing of the
Implementation (SMAP). Integrity Pact Renewal on November 20, 2020.
4. Annual Rating Result Report on July 14, 2020. 3. Socialization of Gratification Control to all Secretaries.
5. Signing of the GCG Commitment through the mobile- 4. Basic Anti-Corruption Training.
based application “DigiHC” on July 16, 2020. 5. The signing of the GCG Commitment through the
6. Report on Changes to the Audit Committee dated mobile-based application “DigiHC” on
July 20, 2020 November 19, 2020
7. Announcement of the 2020 Extraordinary GMS on 6. Online Training: Introduction to BNI’s Work Culture for
July 27, 2020. Bina employees on November 25, 2020.
8. Webinar Successfully implementing GCG in the New 7. Webinar on AKHLAK Core Values and Integrity Pact
Normal Era on July 28, 2020 with the Director of Socialization on November 20, 2020 with the Director
Human Capital and Compliance. of Human Capital and Compliance.
8. Webinar on Fraud and Data Operandi Mode on
August November 10, 2020.
1. Submission of Limited-Review Socialization of
Compliance Culture on August 13, 2020.
2. Sharing Session on Anti-Gratification at Regional
Offices.
3. Invitation to the Extraordinary General Meeting of
Shareholders on August 11, 2020.
4. Interim Financial Statements on August 24, 2020
5. Delivery of Public Material Expose - Yearly
Annual Report 2020

December 2. Formulation of new initiatives related to the

1. Discussion Forum on Fraud and Administrative implementation of Good Corporate Governance,
Sanctions on December 18, 2020. including updating new provisions to the Board of
2. Socialization of Anti Fraud Awareness to all Regions on Directors and the Board of Commissioners, the GCG
December 2, 2020. campaign program, and so on.
3. Socialization of GCG, Compliance Index and Conflict 3. Improvement of Compliance Principles through the
of Interest and Screening of Anti-Gratuity Videos to all Compliance Index, including improvements to the
Regions. calculation method.
4. Webinar on Integrated Governance Strategy with IICD 4. Preparation of reports related to Corporate
on December 8, 2012. Governance, including Governance Reports, Integrated
5. Change in Corporate Secretary Report on December Governance Reports, Corporate Secretary Reports,
18, 2020. and other related reports.
6. The AKHLAK Series webinar with the theme “BNI 5. External Complaint Facilities related to GCG to
HI Movers Against Gratuities & Bribery” with the encourage awareness of BNI Hi-Movers to always
BNI Directors and the KPK Gratification Director on behave in accordance with the principles of GCG
December 18, 2020. as a culture, BNI also involves the participation
7. AHKLAK Series webinar with the theme “All About of the community/public as a supervisor of GCG
Whistleblowing Systems”. implementation at BNI, among others by providing
8. Webinar on Fraud and Internal Control. facilities for the general public (public) to submit
9. Webinar on Governance and Operational Risk on complaints and complaints about violations of
December 22, 2020. Corporate Governance committed by BNI employees
10. Fraud and Internal Process Webinar on through the PO Box GCG BNI JKP 10000 and gcg@
December 23, 2020. bni.co.id as well as Whistle Blowing System (WBS)
11. Online Leadership Ethic and Integrity implementation reporting facilities, including by telephone, email, post
on December 28, 2020. box, fax, and SMS.
12. Anti-Gratification Publications related to Christmas and
New Year in Bisnis Indonesia daily and the company’s People who have been harmed by the actions of BNI Hi-
website. Movers, or are aware of the actions of BNI employees that
13. Written advice to all units regarding the prohibition of deviate from the principles of Corporate Governance, can
accepting gratuities. inform this through both means, namely GCG and WBS.
14. Posters prohibited accepting gratuities.
Complaints received through the PO Box GCG BNI JKP
10000 and gcg@bni.co.id are not only intended to help
IMPROVEMENT OF QUALITY OF BANK the process of solving problems faced by parties who
GOVERNANCE IMPLEMENTATION submit complaints/information are also expected to be
material for review/input and evaluation for BNI to make
BNI strive to continue creating, developing and improving improvements continuously and improve the quality of
itself in accordance with the principles of Corporate GCG implementation at BNI so that it can reduce the
Governance in order to improve the quality of the occurrence of deviations or violations of GCG principles by
implementation of Corporate Governance at BNI. The BNI employees.
Roadmap is needed to map the aspects of Corporate
Governance and create programs related to Corporate
Governance at BNI in order to support the practice
of implementing Corporate Governance. BNI always
evaluates the implementation of Corporate Governance
in a sustainable manner, so that the implementation of
Corporate Governance will always increase. Evaluation
of Corporate Governance is carried out with the aim of
improving the quality of the implementation of Corporate
Governance within the Bank, among others by:
1. Review of guidelines/policies related to Corporate
Governance both for BNI and integrated in the BNI
financial conglomerate to comply with regulatory
provisions, guidelines and the latest best practices.
Annual Report 2020

Corporate
Governance
Awareness This program was carried out to emphasize to BNI Hi-

Movers the importance of the values in this commitment.
GCG SOCIALIZATION This Governance Commitment states, among others, that
Throughout 2020, socialization related to GCG has been BNI Hi-Movers are committed to:
carried out at the Head Office and Regional Offices a. Always carry out duties and jobs properly, correctly
and Subsidiaries. In the socialization, it explained, and with full responsibility and implement AKHLAK as
among others, the principles of GCG, examples of the main values of BUMN, Principle 46, BNI Code of
implementation, up to the latest provisions related to GCG. Conduct, comply with internal company provisions,
With this outreach, it is hoped that BNI Hi-Movers will have applicable laws and regulations and the principles of
a shared determination and commitment to realize GCG Corporate Governance Good.
implementation at BNI. b. Acting objectively and upholding ethical and moral
values, fairness, transparency, consistency and
NEW EMPLOYEE INDUCTION PROGRAM upholding honesty and commitment and always
New employees are the future BNI employees who encouraging all work partners to promote ethical,
will later learn, grow and develop at BNI. As novice, the healthy and transparent business practices.
provision of corporate value is essential for them, since c. Playing active role in the efforts to prevent and
the program will instill the values of GCG and the Code eradicate fraud and be willing to report in the event of
of Ethics which are expected to be useful in the course fraud within BNI and/or those who use BNI facilities
of their career at BNI. The debriefing was provided by the through the reporting media available at BNI.
GCG Team in collaboration with BNI Corporate University d. Creating a work environment free from corruption,
to provide special briefing hours related to GCG and the collusion and nepotism (KKN), among others by not
Code of Ethics for new employees. giving, promising and/or receiving rewards in any
form, including in the form of money (cash or through
GOVERNANCE COMMITMENT accounts or other non-cash means)/goods/services
In order to realize the commitment to uphold the either directly or indirectly to or from customers,
implementation of GCG, once a year, BNI signed a debtors, vendors, partners, work partners and/or other
Governance Commitment. Every employee, both from parties, both external and internal.
various levels of position, must understand and submit e. Avoiding all forms of possible conflicts of interest in
Governance Commitments. Filling in commitments is done carrying out tasks.
through DigiHC, which is a human capital communication f. Not using personal funds as bailout funds and/
and information platform that is accessed via mobile/ or personal accounts for the benefit of company
mobile phones, tablets, and other similar gadgets. operations.
g. Not using company information and data for personal
gain or other parties where it is prohibited based
on internal and external regulations, such as insider
trading, misuse of company data, and so on.
h. Acting fairly and equally in fulfilling stakeholder rights.
i. Using social media in a professional manner, does not
conflict with morality, safeguards the good name and
company secrets and is subject to the prevailing laws
and regulations.
j. Willing to be subject to sanctions if in carrying out my
duties and responsibilities as a BNI Hi-Movers it is
proven that I have not carried out the commitments as
mentioned above.
Annual Report 2020

INTERNALISATION facilitate the process of adopting values that can later be

BNI understands that Corporate Culture contributes to applied in carrying out daily work. The tools used include:
attitude. This form of attitude will shape the personality of 1. Reading Principles 46 and the BNI Code of Ethics on
each individual in a company, so that this set of attitudes every quality day, which is held once a month in each
forms interaction between individuals and integrity unit as well as at morning briefings.
which in turn will bring out the existing character of a 2. Self-education methods through e-learning GCG and
company. Internalization of Corporate Culture, including DEEP 46 (Daily Exercise Employee Program) through
the application of the principles of Corporate Governance BNI Smarter and DigiHC which provide easy GCG
at BNI, is carried out through various tools, which can learning for BNI Hi-Movers
3. Online training and webinars involving internal and
external professionals.
4. Distribution and installation of anti-gratification posters
and e-leaflets and GCG enforcement in each unit, BNI
Forum, and website so that employees can be aware
at any time.
5. Easy access to the Code of Ethics and Corporate
Culture through the BNI website which can be
accessed anytime and anywhere.
6. Competitions related to GCG with the aim and aim
of raising awareness of all BNI Hi-Movers to always
comply with and implement Corporate Governance
commitments.
7. Anti-Gratification and Anti-Fraud Videos submitted by
the Board of Directors.
Annual Report 2020

Corporate
Governance
Externalization or electronic reporting facilities. Given the status

GCG externalization is closely related to the principles of BNI as an issuer, this disclosure of information
of transparency and fairness. In this externalization, is considered very important as a medium of
the principle of openness must always observe the communication for an open company. Information
provisions of Bank secrecy and position secrets and treat disclosure is carried out based on the prevailing capital
stakeholders and the public in a fair manner and equal market regulations.
opportunity according to their proportions. BNI implements
GCG externalization to all stakeholders and the wider 3. Equal Treatment
community through various means including: All BNI Shareholders including Minority Shareholders
and Foreign Shareholders are treated equally. All
1. GMS Shareholders are given the same opportunity to obtain
The GMS is a means of communication media for information. This treatment is applied at BNI in the
stakeholders to the Company and is an embodiment context of providing information both in the context
of the implementation of the principles of GCG, of Corporate Action and in disclosure of information
because the GMS describes the manifestations of stipulated in capital market regulations. All people are
the responsibilities of the Company Management given the same opportunity to get information and
from various aspects. A more detailed explanation submit criticism/suggestions to the Bank. Information,
of the GMS can be seen in the GMS Section of criticism and/or suggestions can be accessed through
the Corporate Governance Chapter of this Annual the BNI website and BNI Call 1500046 service.
Report. Shareholders ‘Rights and Ownership
Functions Shareholders’ rights are always protected 4. Building a Positive Image of the Bank
and facilitated, in BNI the rights of Shareholders Sound GCG practices from all internal parties and
are implemented, among others, through dividend stakeholders can improve the Company’s image
payments, the right to ask questions at the GMS, the to the wider public in the long term so that trust
right to obtain information, and the right to approve/ in the company will be maintained. In the digital
not approve GMS decisions sound card given at the era, BNI seeks to utilize various tools to enhance
AGM. the company’s positive image through various
media including print media (newspapers, tabloids,
2. Disclosure and Transparency magazines), electronic media (radio and television) and
As a form of the pillar of transparency in the principles cyber media (website, twitter, instagram, email, etc.
of GCG, BNI continues to strive to provide information news portals, facebook, blogs and other social media).
disclosure to stakeholders and the wider community The use of media to support GCG practices is carried
through various means including through the Annual out to disseminate anti-gratification, GCG awareness,
Report, BNI website, mass media, the Electronic WBS, and so on.
Reporting System portal for IDX Issuers, as well
as notifications to regulators through hardcopy
Optimizing the supervisory Preparation and monitoring Branch Performance Know Your Employee (KYE)
function of the duties and of Key Performance Reward, a reward given to as an effort to closely
responsibilities of each Indicators (KP). The unit branch offices by assessing monitor employees. Direct
employee, carried out in head shall have an active their operations, business supervisors are required to
each unit by their direct role in the monitoring KPI and improvement efforts. supervise their subordinates
supervisors, the unit heads, process. to ensure that fraud does
and the Internal Audit Unit. not occur by taking into
account any indications
that need further attention
(irregularities).
Annual Report 2020

Structure and Mechanism Good
Corporate Governance
The implementation of Good Corporate Governance (GCG) in BNI basically follows the roadmap that has been developed,
through 3 (three) main process groups (structure, process and outcome), as well as referring to GCG principles.
GCG Principles
Principles
Transparency | Accountability | Responsibility | Independency | Fairness
Main Organ
GMS
Board of Commissioners
Governance Structure
Board of Directors
Supporting Organ
Committees under Committees under Enterprises Risk

Board of Commissioners Board of Directors Management
Internal Audit Corporate Secretary Compliance Unit
Company Policies and Reporting Process Flow

Governance
GCG Implementation
Process
Awareness Internalization Assessment Externalization Monitoring/Evaluation

Output
Performance Growth and Improvement of the GCG Assessment Score (CGPI, ACGS, SA, KPKU)
STRUCTURE OF GOVERNANCE ORGAN
Broadly speaking, the governance structure at BNI consists of the main organs and supporting organs. The main organs
consist of the General Meeting of Shareholders, the Board of Commissioners, and the Board of Directors which are
supported by supporting organs, namely committees under the Board of Commissioners, Committees under the Board
of Directors, Risk Management Work Unit, Internal Audit Work Unit, Compliance Unit and Secretary. In order to improve
performance, protect stakeholder expectations and improve compliance with applicable laws and regulations, according
to the Bank’s Articles of Association, BNI’s Board of Commissioners performs a supervisory function to ensure that the
management of the Company is carried out by the Directors in accordance with applicable laws and regulations. While the
BNI Directors carry out management and management functions professionally and avoid potential conflicts of interest.
The implementation and development of Good Corporate Governance within BNI and its subsidiaries is not only a form of
compliance with the statutory provisions stipulated by regulators, but has become an irreplaceable need for every company
in managing their company. With the implementation and development of GCG, BNI already has a solid and sufficient
foundation to become a resilient and growing company.
Annual Report 2020

Corporate
Governance
General Meeting of Shareholders
Elect & Dismisses
Board of
Board of Directors
Check & Balances Commissioners
Secretary of BOC
Reports to
Internal Audit Unit Compliance Division Audit Committee
Review Internal Review Compliance

Audit Reports Report to Report
Independent Auditor
Bank Risk Management

Corporate Secretary Division Policy Governance Risk Monitoring Committee
Division
Review Risk
Management reports
Nomination &
GCG Unit
Remuneration Committee
Integrated
Performance Management Governance Committee
Credit Committee
Committee
Integrated Risk Management Technology Management Integrated Compliance

Committee Committee Function
Risk Management & Credit & Procedure Integrated Internal

Anti Fraud Committee Policy Committee Audit Function
Risk Management Integrated Risk

Human Capital Committee
Sub Committee (RMC) Management Function
Anti Fraud Sub

Subsidiary Management
Committee
Functions
Asset and Liability

Committee GCG Unit
Product Committee
Annual Report 2020

Struktur dan Mekanisme
Good Corporate Governance
GOVERNANCE SOFT STRUCTURE 7. The Remuneration and Nomination Committee Charter

which has been ratified by the Decree of the Board of
The process of GCG implementation by company organs Commissioners No. KEP 048/DK/20 dated 22 October
in executing the functions and duties is supported by 2020. The charter can be accessed and downloaded
various policies/guidelines called GCG infrastructure. GCG on the Company’s website: https://www.bni.co.id/
infrastructure owned by BNI, among others, are: Portals/1/BNI/Perusahaan/Docs/Piagam-Committee-
1. The Bank’s Articles of Association No. 52 dated May Nominasi-dan-Remunerasi-2020.pdf
22, 2018, which have been received and recorded in 8. The Integrated Governance Guidelines, which have
the Legal Entity Administration System of the Ministry been approved by the Board of Commissioners
of Law and Human Rights of the Republic of Indonesia through the Board of Directors’ Decision Letter
under the number AHU- 0012962.AH.01.02 Year 2018 No. KEP/049/DK/2020 dated 22 October 2020. The
dated June 25, 2018. The Articles of Association charter can be accessed and downloaded on the
can be accessed and downloaded on the Company’s company’s website:: https://www.bni.co.id/Portals/1/
website: https://bni.co.id/id-id/perusahaan/tatakelola/ BNI/Perusahaan/Docs/Piagam-Committee-Tata-Kelola-
anggarandasarbni Terintegrasi-2020.pdf
2. BNI’s Code of Ethics as BNI Employees’ Code of 9. Corporate Governance Handbook (Implementation of
Conduct. The code of conduct can be accessed and the Principles of Good Corporate Governance). These
downloaded on the Company’s website: https://bni. principles can be accessed and downloaded on the
co.id/id-id/perusahaan/tatakelola/kodeetik Company’s website: https://bni.co.id/portals/1/bni/
3. Board Manual of the Board of Commissioners, perusahaan/docs/bni-corporate-governance-book.pdf
whose update has been validated by Board of 10. Updating the Integrated Governance Guidelines for the
Commissioners’ Decision Letter No. KEP/0049/ BNI Financial Conglomeration based on the Approval
DK/2017 dated October 26, 2017. The guideline can of the Board of Commissioners No. DK/003 dated
be accessed and downloaded on the Company’s January 16, 2020 and Approval from the Board of
website: https://bni.co.id/Portals/1/BNI/Perusahaan/ Directors No. DIR/005 dated January 7, 2020. These
Docs/SK%20Pedoman%20dan%20Tata%20 guidelines can be accessed and downloaded on the
Tertib%20Kerja%20Dewan%20Commissioner616.pdf Company’s website: https://bni.co.id/Portals/1/BNI/
4. Board Manual of the Board of Directors, whose update Perusahaan/TataKelola/Docs/Laporan/Pedoman_TKT-Id.
has been validated by Board of Directors’ Decisions pdf
Letter No. KP/228/DIR/R dated June 29, 2018. These 11. Guidelines for Integrated Risk Management which
guidelines can be accessed and downloaded on the have been approved by the Board of Commissioners
Company’s website: https://bni.co.id/Portals/1/BNI/ through the Letter of the Board of Commissioners No.
Perusahaan/TataKelola/Docs/GCG/Pedoman%20 DK/27 dated March 8, 2016 and set forth in e-PP No.
dan%20Tata%20Tertib%20Kerja%20Direksi%202018. IN/239/ERM/001 dated 28 April 2016.
pdf 12. The Internal Audit Charter which has been updated
5. The Audit Committee Charter and the Audit through the Decree of the BNI Directors No. KP/217/
Committee Code of Ethics which have been approved DIR/R dated 29 May 2019. The charter can be
by the Board of Commissioners through the Decree accessed and downloaded on the company’s website:
of the Board of Commissioners No. KEP/003/DK/2016 https://bni.co.id/Portals/1/BNI/Perusahaan/Docs/
dated 20 June 2019. The charter can be accessed SAI%20Piagam %20Audit%20Intern%20SAI.pdf
and downloaded on the Company’s website: https:// 13. Conflict of Interest Guidelines as outlined in the Online
bni.co.id/Portals/1/BNI/Perusahaan/Docs/Piagam%20 Company Guidelines (e-PP) No. IN/695/KMP/001 dated
Committee%20Audit%20BNI.pdf 29 October 2014.
6. The Risk Monitoring Committee Charter which has 14. Guidelines for the Corporate Secretary which have
been approved by the Board of Commissioners been ratified by the Decree of the Board of Directors
through the Decree of the Board of Commissioners No. KP/356/DIR/R dated September 2, 2016.
No. KEP/028/DK/2017 dated 18 May 2017. The charter 15. Company Guidelines for Prohibited and Not Prohibited
can be accessed and downloaded on the Company’s Securities Transactions for Insiders, as outlined in
website: https://bni.co.id/Portals/1/BNI/Perusahaan/ the Online Company Guidelines (e-PP) No. IN/707/
Docs/piagam_Committee_pemantau_risiko_2017.pdf KMP/001 dated 27-12-2018.
Annual Report 2020

Corporate
Governance
16. Anti-Money Laundering and Terrorism Funding 28. The Capital and Risk Management Committee Work
Prevention (APU-PPT) Company Guidelines, which Guidelines which have been approved by the Board
have been outlined in the Online Company Guidelines of Directors through the Decree of the Board of
(e-PP) No. IN/484/KPN/001 dated 24-08-2020. Directors No. KP/088/DIR/DIR/R dated February 19,
17. Procurement Company Guidelines, which have been 2020 concerning Structuring of the Risk & Capital
outlined in the Online Company Guidelines (e-PP) No. Management Committee.
IN/693/PGV/016 dated 11-20-2020 29. The Working Guidelines for the Credit Policy and
18. Corporate Guidelines for Compliance Work, as outlined Procedure Committee, which contains a Credit
in the Online Company Guidelines (e-PP) No. IN/326/ Procedure Sub Committee (KPP) which has been
KPN/003 dated 01-07-2019 approved by the Board of Directors through the
19. Compliance Implementation Guidelines: Whistle Decree of the Board of Directors No. KP/253/DIR/R
Blowing System, which has been outlined in the dated June 1, 2016.
Online Company Guidelines (e-PP) No. IN/433/ 30. The Performance Management Committee Charter
KPN/001 dated 23-07-2020. which has been approved by the Board of Directors
20. Compliance Implementation Guidelines: Anti-Fraud through the Decree of the Board of Directors No.
Strategy, which has been outlined in the Online KP/466/DIR/R dated 5 October 2012 regarding the BNI
Company Guidelines (e-PP) No. IN/283/KPN/003 dated Performance Management Committee (PMC).
18-05-2020. 31. Product Committee Guidelines that have been
21. Compliance Implementation Guidelines: Anti-Bribery approved by the Board of Directors through the
Management System, as outlined in the Online Decree of the Board of Directors No. KP/448/DIR/R
Company Guidelines (e-PP) No. IN/651/KPN/001 dated dated September 20, 2012 regarding the BNI Product
09-11-2020. Committee (PRC).
22. Compliance Implementation Guidelines: Gratuity 32. Technology Management Committee Charter which
Control, which has been outlined in the Online has been approved by the Board of Directors through
Company Guidelines (e-PP) No. IN/709/KPN/002 dated the Decree of the Board of Directors No. KP/201/
02-12-2020. DIR/R dated June 14, 2011 which has been updated
23. Company Guidelines for Investor Relations Activities, through Planning Division Memo No. REN/2/234/R
as outlined in the Online Company Guidelines (e-PP) dated May 4, 2016 concerning Change of Committee
No. IN/41/KMP/001 dated 01-26-2015. Membership.
24. Strategic Planning Company Guidelines: Bank
Business Plans, which have been outlined in Online GOOD CORPORATE GOVERNANCE
Company Guidelines (e-PP) No. IN/401/REN/002 dated MECHANISM
30-08-2017.
25. Company Guidelines for Quality Management of Good Corporate Governance mechanism is the process of
Published Financial Reports, as outlined in the Online implementing the principles of Governance supported by
Company Guidelines (e-PP) No. IN/452/PKU/002 dated the adequacy of the structure and infrastructure of bank
26-09-2017. governance, so as to produce outcomes that are in line
26. Guidelines for GCG Monitoring Activities and Self- with stakeholder expectations. In the implementation of
Assessment Reports contained in e-PP No. IN/462/ Governance, it is not enough just to rely on the pillars of
KMP/001 dated 22 October 2015. governance structure, but it needs a clear soft structure
27. The Asset & Liability Committee (ALCO) Work in the mechanism process. The process of implementing
Guidelines which have been approved by the Board corporate governance is inherent in the structure of
of Directors through the Decree of the Board of corporate governance as seen from the Organizational
Directors No. KP/067/DIR/DIR/R dated February 19, Structure of Bank Governance.
2020 concerning Structuring of the Asset & Liability
Committee (ALCO).
Annual Report 2020

General Meeting of shareholders (GMS) is the highest KSEI Electronic General Meeting System (eASY.KSEI)
organ of a limited liability company, which has the right Facility as an Electronic Authorization Mechanism
and authority that are not owned by the Board of Directors in the Process of Organizing a GMS for Securities
and Board of Commissioners within the limits specified in Issuers who are Public Companies and whose shares
the Law and or Articles of Association. In the GMS forum, are kept in KSEI Collective Custody.
shareholders has the rights to vote on resolutions and 6. The Articles of Association.
obtain information relating to the company from the Board
of Directors and/or the Board of Commissioners at the
GMS, as long as they relate to the agenda of the meeting DATE AND VENUE OF THE GMS
and do not conflict with the interests of the Company.
The GMS consists of the Annual GMS and other GMS. The
The implementation of the Company’s GMS throughout Public Company is obliged to hold an Annual GMS no later
2020 is carried out with due observance of the rules and than 6 (six) months after the end of the financial year or
regulations, including: under certain conditions the OJK can set other deadlines.
1. Law No. 40 of 2007 concerning Limited Liability The Public Company can hold other GMS at any time
Companies. based on the need for the interests of the Public Company.
2. OJK Regulation No. 32/POJK.04/2014 concerning In accordance with the provisions, the GMS must be held
Planning and Implementation of General Meeting of in the territory of the Republic of Indonesia. The place
Shareholders of Public Companies as amended by where the GMS is held must be at:
OJK Regulation No. 10/POJK.04/2017. 1. The domicile of the Public Company;
3. OJK Regulation No. 15/POJK.04/2020 concerning 2. Where the Public Company conducts its main
Planning and Implementation of General Meeting of business activities;
Shareholders of Public Companies. 3. Capital of the province where the Public Company is
4. OJK Regulation No. 16/POJK.04/2020 concerning located or where the main business is conducted; or
the Implementation of the General Meeting of 4. Province where the stock exchange is located that
Shareholders of Public Companies Electronically. lists the shares of the Public Company.
5. Decree of the Board of Directors of PT Kustodian
Sentral Efek Indonesia No. KEP-0016/DIR/ During 2020, the Company held 2 (two) GMS, namely the
KSEI/0420/2020 concerning the Implementation of the Annual GMS and Extraordinary GMS with the following
information:
No. GMS Date & Venue Agenda
1. Annual GMS February 20, 2020, Venue: Ballroom, 1. The approval of the Company’s Annual Report and validation of
BNI Tower 6/F, Jl. Pejompongan Raya the Company’s Consolidated Financial Statements, the Board of
No. 7, Bendungan Hilir, Jakarta Pusat Commissioners Supervisory Actions Report and validation of the Annual
Report of Partnership & Community Development Program for the financial
year 2019 along with granting full release and discharge (volledig acquit et
de charge) to all members of the Board of Directors from the management
actions and to all members of the Board of Commissioners from the
supervisory actions carried out for the financial year 2019.
2. The approval of the use of the Net Profits of the Company’s for the financial
year 2019.
3. The determination of the remuneration (salary, allowance, and facilities) for
the Board of Directors and Board of Commissioners of the Company for the
year 2020 as well as tantiem for the year 2019.
4. The appointment of a Registered Public Accountants Firm to perform the
audit on the Company’s Financial Statements and the Annual Report of
Partnership & Community Development Program for the financial year
2020.
5. The approval of the Updating Recovery Plan Report of the Company.
6. The change in the composition of the Board of Directors and/or Board of
Commissioners of the Company.
2. Extraordinary September 2, 2020, at: Changes in the Composition of the Management of the Company
GMS Ballroom Menara BNI Lantai 6,
Jl. Pejompongan Raya No. 7,
Bendungan Hilir, Jakarta Pusat
Annual Report 2020

Corporate
Governance
PROCEDURES FOR HOLDING GMS • OJK Regulation No. 32/POJK.04/2014 concerning

Planning and Implementation of General Meeting of
In accordance with OJK regulations, in holding a GMS, a Shareholders of Public Companies as amended by
Public Company must fulfill the following conditions: OJK Regulation No. 10/POJK.04/2017 as well as
1. Notifying the agenda of the meeting to the OJK, • Article 23 paragraph (5) letter d and Article 23
no later than 5 (five) working days before the paragraph (7) letter c of the Company’s Articles of
announcement of the GMS, excluding the date of the Association,
announcement of the GMS.
2. To announce the GMS to shareholders, no later than Announcements and summons to shareholders shall at
14 (fourteen) days prior to the summons for the GMS, least be made through:
excluding the announcement date and the invitation 1. 1 (one) Indonesian language daily newspaper with
date; and national circulation;
3. Summons the GMS to shareholders, no later than 2. Stock Exchange website; and
21 (twenty one) days before the date of the GMS, 3. The website of the Public Company, in Indonesian and
excluding the date of the invitation and the date of the foreign languages, provided that the foreign language
GMS. used is at least English.
With reference to: At the Company’s GMS which was held throughout
• OJK Regulation No. 15/POJK.04/2020 concerning 2020, the Company has complied with the procedures for
the Plan and Implementation of General Meeting of Notification, Announcement and Invitation for GMS, with
Shareholders of Public Companies, the following information:
Notification to Announcement Summon

GMS
OJK Date Through Date Through
Annual GMS January 6, 2020 January 14, 1. Investor Daily and The January 29, 2020 1. Investor Daily and The
February 20, 2020 2020 Jakarta Post; Jakarta Post;
2. IDX Website; and 2. IDX Website; and
3. BNI Website 3. BNI Website
EGMS July 20, 2020 July 27, 2020 1. Investor Daily and The August 11, 2020 1. Investor Daily and The
September 2, 2020 Jakarta Post; Jakarta Post;
2. IDX Website; 2. IDX Website;
3. BNI Website; and 3. BNI Website; and
4. KSEI Website 4. KSEI Website
GMS Agenda Material 3. In the event of Changes in the Management of the

1. GMS Agenda Material is a document containing the Bank, curriculum vitae of candidate member of the
composition of Meeting Agenda accompanied by Board of Commissioners and Board of Directors of
the legal basis and explanations related to the GMS Public SOE that will be proposed to be appointed
Agenda. at the GMS, is available and announced at the time
2. The Bank shall provide GMS agenda material that can of the GMS, before making decisions regarding the
be accessed by Shareholders from the date of the appointment of the candidate to be member of Board
GMS Notice to the GMS implementation. of Commissioners and Board of Directors. This is as
stipulated in the Minister of State-Owned Enterprises
Regulation No. PER-02/MBU/02/2015 on the
Requirements and Procedures for Appointment and
Annual Report 2020

Dismissal of Members of Board of Commissioners and 4. The principles of the GMS conduct are read out before
Board of Supervisors of State- Owned Enterprises, and the GMS begins.
State-Owned Enterprise Minister Regulation No. PER- 5. In accordance with the provisions of the GMS Conduct
03/MBU/02/2015 on the Requirements, Procedures as stipulated in the Bank’s Articles of Association, at
for Appointment and Dismissal of Members of Board the opening of the GMS, the Chairperson of the GMS
of Directors of State-Owned Enterprises. provides an explanation to the shareholders on:
4. At the time of the GMS, shareholders are entitled to a. The Bank’s general conditions in brief
obtain information on the agenda of the meeting and b. GMS agenda
materials related to the agenda of the meeting as c. Mechanism of decision-making related to GMS
long as it does not conflict with the interests of the agenda, and
Company. d. Procedures for using shareholders rights to raise
questions and/or share opinions.
GMS Conduct
1. GMS conduct is carried out by referring to Financial Shareholders Rights and Attendance of
Services Authority Regulation No. 10/POJK.04/2017 other Parties in the GMS
on Amendment to Financial Services Authority
Regulation No. 32/POJK.04/2014 on Planning and Shareholders Rights
Organizing General Meeting of Shareholders of Public Shareholders, either themselves or represented based
Companies. on a power of attorney, are entitled to attend the GMS.
2. The GMS Conduct is distributed to shareholders/their Shareholders who are entitled to attend the GMS are
proxies at the time of registration. shareholders whose names are registered in the list of
3. The GMS Conduct regulates, among others, meeting shareholders of the Public Company 1 (one) working day
participants who have the right to attend the GMS, prior to the invitation to the GMS.
Meeting Chairperson, Language used in the GMS,
meeting quorum and decision making, mechanism of In holding the Company’s GMS in 2020, the Shareholders
questioning and responding, mechanism of decision who are entitled to attend or be represented in the GMS
making, and voting procedures. are shareholders whose names are registered in the
Company’s Shareholders Register on the date:
GMS Registration date of the Shareholders who are entitled to attend

Annual GMS on February 20, 2020 January 28, 2020
Extra Ordinary GMS on September 2, 2020 August 10, 2020
Granting of Authority and Granting of Authority by of Shareholders of Public Companies regulates the
Electronics obligation for Public Companies to provide an alternative
In accordance with OJK Regulation No. 32/POJK.04/2014 authorization electronically for shareholders to attend and
concerning Planning and Implementation of General vote at the GMS.
Meeting of Shareholders of Public Companies as amended
by OJK Regulation No. 10/POJK.04/2017, Shareholders, At the Extraordinary GMS on September 2, 2020 and in
either themselves or represented by power of attorney, line with the Company’s efforts to prevent the spread of
are entitled to attend the GMS. In voting, the votes cast by Covid-19, Shareholders can provide a power of attorney to
shareholders apply to all shares they own and shareholders the Proxy through the Electronic General Meeting System
are not entitled to give power of attorney to more than (eASY.KSEI) facility provided by PT Kustodian Sentral Efek
one proxy for a portion of the total shares they own with Indonesia.
different votes.
Shareholders’ Rights to Raise Questions and/or Provide
At the Annual GMS on February 20, 2020, shareholders Responses
who were unable to attend were given the right to be 1. The only shareholders or their proxies who have the
represented by their proxies by submitting a valid Power of right to raise questions and/or provide responses at
Attorney. the GMS are shareholders or their proxies who have
registered the GMS.
Based on OJK Regulation No. 15/POJK.04/2020 2. The form for questions and/or responses is submitted
concerning Plans and Implementation of General Meeting to shareholders or their proxies during the registration
of the GMS.
Annual Report 2020

Corporate
Governance
3. After the Chair of the GMS, or a party appointed by Attendance Quorum and Resolution of
the Chair of the GMS, submits a proposal regarding The GMS
the matters to be decided in the GMS, the Chair of the
GMS will provide an opportunity for the Company’s Attendance Quorum
shareholders or their proxies to ask questions and/or In accordance with OJK Regulations, a GMS can be held
provide responses before a vote is held on the matter. if at the GMS more than ½ (one half) of the total shares
4. For Shareholders or their proxies who wish to raise with voting rights are present or represented, unless the
questions and/or responses, the Chairman of the Articles of Association of the Public Company specify a
GMS will invite the shareholders/their proxies to ask larger quorum. Based on the Articles of Association of
questions and/or responses to the Chairman of the the Company, the GMS to make changes to the Board
GMS in writing by writing the names and the number of Directors and changes to the Board of Commissioners
of shares owned or represented. Questions and/or stipulates that the GMS must be attended by Dwiwarna
responses submitted must be directly related to the Series A shareholders and other shareholders and/or their
AGM Agenda being discussed. legal representatives who jointly represent more than ½
(one half) part of the total shares with valid voting rights.
In the Annual GMS for the 2019 Financial Year which was
held on February 20, 2020 and the Extraordinary GMS GMS Decision
for 2020 which was held on September 2, 2020, the GMS decisions are made based on deliberation to
Shareholders who are entitled to have the opportunity to reach consensus. In the event that a decision based on
ask questions and/or responses. deliberation to reach a consensus is not reached, the
decision is taken by voting. Decision making by voting
Company’s Efforts to Improve Shareholders must be made with due observance of the attendance
Attendance in The GMS quorum and resolution quorum of the GMS.
As an effort of the Company to facilitate Shareholders
to exercise their rights and authority at the GMS, the In the Company’s Annual GMS on February 20, 2020 and
Company carries out the following efforts: the Company’s Extraordinary GMS on September 2, 2020,
1. The Company announces and summons the GMS in all decisions on the agenda discussed in the GMS were
a timely manner, in Indonesian and English, which is taken based on voting with due regard to the provisions
published in 2 (two) national circulation newspapers, of the attendance quorum and the quorum of the GMS
company websites, and the Indonesia Stock Exchange decisions.
website.
2. In the Announcement and Summon of the GMS, Party Validating Voting Results
the Company clearly describes the authorized In the implementation of the GMS, the Company engages
shareholders to attend/represent and vote in the GMS, Independent and professional parties to support the
who are the Company’s Shareholders whose names reasonableness and validity of the GMS’s conduct and
are registered in the Bank’s Shareholders Register or decisions. The Independent Parties are:
Shareholders in securities accounts at the Indonesian 1. Notary
Central Securities Depository on the Summoning Day. A Notary is a public official who is authorized to
3. On the website, the Company provides contacts that make an authentic deed and has other authorities as
shareholders can use to communicate in connection referred to in the Law on the position of a notary that
with the holding of the GMS. is registered with the Financial Services Authority
4. The company provides services to shareholders who as a capital market supporting profession. Notary
need information and/or will ask questions related plays a role in examining the validity of supporting
to the GMS plan and/or GMS agenda through either documents and paying attention to the formalities
direct meetings or correspondence via email. requirements for the GMS implementation in order not
to conflict with the laws and regulations and articles of
association.
2. Share Registrar Bureau

Share Registrar Bureau is a Party based on a contract
with the Bank/Issuer records the securities ownership
and distribution of rights relating to the securities.
Annual Report 2020

The Share Registrar Bureau assists the Bank/Issuer in f. Helping Notary in calculating votes using a
convening the GMS, which among others includes: barcode scanner.
a. Preparing proxies from minority shareholders
b. Publishing Written Confirmation for Meetings Decision Quorum
(KTUR) In accordance with the Articles of Association, GMS
c. Validating shareholders who are entitled to attend resolutions shall be made based on deliberation to reach
the GMS and register them consensus. In the event that deliberation to reach a
d. Calculating shareholders presence in connection consensus cannot be reached, then the decision is made
with the GMS quorum based on majority voting as stipulated in the Articles of
e. Providing voting card for shareholders. Association of the Company.
The results of the decisions made at the Company’s GMS

held during 2020 are as follows:
Resolution of Annual GMS for Financial Year 2019 (held on February 20, 2020)
Agenda Resolution
Agenda I 1. Approve the Company’s Annual Report for the 2019 financial year, Comprise of the Board of
Commissioners Supervisory Action Report for the 2019 financial year, and ratify the Financial Statements
Approval of the Annual of the Company for the 2019 financial year which had been audited by the Office of the Registered Public
Report and Ratification of Accountants Purwantono, Sungkoro & Surja – global network of Ernst & Young member firms according
the Company’s Consolidated to the Office of the Registered Public Accountants Report Number 00014/2.1032/AU.1/07/1008-2/1/I/2020
Financial Statements, Approval dated January 20, 2020, with opinion: The Consolidated Financial Statements have been presented fairly, in
of the Supervisory Report of all material respects.
the Board of Commissioners
and Ratification of the Annual 2. Approve and ratify the Annual Report of Partnership and Community Development Program including
Report on the Implementation Financial Statements of Partnership and Community Development Program for the 2019 financial year,
of the Partnership & Community which has been audited by the Office of the Registered Public Accountants Purwantono, Sungkoro &
Development Program for the Surja – global network of Ernst & Young member firms according to the Office of the Registered Public
2019 Financial Year, as well Accountants Report Number 00071/2.1032/AU.2/10/1008-2/1/II/2020 dated February 3, 2020, with opinion:
as granting full payment and The Financial Statements have been presented fairly, in all material respects.
release of responsibility (volledig
acquit et de charge) to the Board 3. Grant full release and discharge (volledig acquit et de charge) to all members of the Board of Directors and
of Directors and the Board of the Board of Commissioners from the management actions and from the supervisory actions they carried
Commissioners of the Company out in the 2019 financial year including the management and supervisory actions to the Partnership and
for management and supervision Community Development Program, to the extent that such actions do not constitute criminal offenses;
actions that have been carried out and such actions are reflected in the Company’s Annual Report and Financial Statements as well as Annual
during the 2019 Financial Year. Report of Partnership and Community Development Program for the 2019 financial year.
Voting Result
Affirmative Vote : 15,498,040,727 shares or 99.637% shares of all shares with voting rights present at
the Meeting
Non-Affirmative Vote : 3,587,070 shares or 0.023% shares of all shares with voting rights present at the
Meeting
Abstain : 52,795,139 shares or 0.339% shares of all shares with voting rights present at the
Meeting
Agenda II 1. A dividend of 25% or Rp3,846,119,011,149.58 (three trillion eight hundred forty six billion one hundred
nineteen million eleven thousand one hundred forty nine Rupiah point fifty eight cents) designated as cash
Approval of the use of the dividend distributed to the shareholders which will be paid with following provisions:
Company’s Net Profits for the a. State dividend regarding 60% shares or amounted Rp2,307,671,406,731 (two trillion three hundred
2019 Financial Year. seven billion six hundred seventy-one million four hundred six thousand seven hundred thirty-one
Rupiah) will be paid to State General Treasury account.
b. While for the ownership of 40% of public shares or a value of Rp1,538,447,604,418.58 (one trillion five
hundred thirty eight billion four hundred forty seven million six hundred four thousand four hundred
eighteen Rupiah point fifty eight cents) will be given to shareholders in accordance with their respective
ownership.
c. To grant power and authority to the Company’s Board of Directors with the substitution rights to set the
schedule and the procedures for distribution for the 2019 Financial Year cash dividends in accordance
with prevailing regulations.
2. A sum of 75% or Rp11,538,357,022,201.42 (eleven trillion five hundred thirty eight billion three hundred
fifty seven million twenty two thousand two hundred one Rupiah point forty two cents) is determined as
the Retained Earnings.
Voting Result
the Meeting
Meeting
Abstain : 0 shares or 0.000% shares of all shares with voting rights present at the Meeting
Annual Report 2020

Corporate
Governance
Agenda Resolution
Agenda III 1. To grant power and authority to the Seri A Dwiwarna Shareholders to determine tantiem for the 2019
Financial Year, as well as to determine remuneration/honorarium, allowance, benefit, and other incentives
Determination of remuneration for the Company’s Board of Commissioners for the 2020.
(salary/honorarium, facilities and 2. To grant power and authority to the Company’s Board of Commissioners with the prior written approval
allowances) for the 2020 financial of Seri A Dwiwarna Shaherolders to determine tantiem for the 2019 Financial Year, and to determine
year and tantiem for the 2019 remuneration/honorarium, allowance, benefit, and other incentives for the Company’s Board of Directors for
financial year for the Company’s the 2020.
Board of Directors and Board of
Commissioners. Voting Result
the Meeting
Non-Affirmative Vote : 621,638,847 shares or 3,996% shares of all shares with voting rights present at the
Meeting
Meeting
Agenda IV 1. Approve the appointment of Purwantono, Sungkoro & Surja Public Accountant Office – global network of
Ernst & Young member firms, as the Public Accountant Office that will audit the Company’s Consolidated
Determination of a Public Financial Statement and Financial Statement of Partnership and Community Development Program (PKBL)
Accountant Firm to audit for the 2020 Financial Year.
the Company’s Financial
Statements and the Annual 2. Giving authority and power to the Board of Commissioners of the Company to appoint a Public Accountant
Report on the Implementation Office to conduct an audit of the Company’s Consolidated Financial Statements in the other period for
of the Partnership & Community Financial Year 2020 for the purposes and interests of the Company.
Development Program for the
2020 Financial Year. 3. Delegate the authority to the Board of Commissioners of the Company to determine the honorarium
and other requirements applied for such Public Accountant Office, and to appoint a substitute Public
Accountant Office in the event the Purwantono, Sungkoro & Surja Public – global network of Ernst &
Young member firms Accountant Office, due to any reasons whatsoever, is unable to finish the audit for
the Consolidated Financial Statement of the Company and the Financial Statement of Partnership and
Community Development Program for the 2020 Financial Year, including to determine the honorarium and
other requirements applied for such substitute Public Accountant Office.
Voting Result
Affirmative Vote : 14,552,514,187 shares or 93,558% shares of all shares with voting rights present at
the Meeting
Meeting
Meeting
Agenda V Approve the Updating Company’s Recovery Action Plan in compliance with Regulation of Financial Services
Authority Number 14/POJK.03/2017.
Approval of the Update of the
Company’s Recovery Plan. Voting Result
the Meeting
Meeting
Abstain : 0 shares or 0.00% shares of all shares with voting rights present at the Meeting
Agenda VI Approve:
1. Confirming the dismissal with respect for the names mentioned below as the Company’s Management:
Changes in the Composition
of the Management of the
Company. No. Name Position
1. Mr. Ari Kuncoro President Commissioner/Independent

Commissioner
2. Mr. Hambra Vice President Commissioner
respectively appointed based on the 2017 EGMS Decree dated 2 November 2017 and the 2018 Annual
GMS Decree dated 13 May 2019, starting from February 18, 2020 and 18 November 2019, with gratitude
for the contribution of energy and thoughts given during his tenure as Management of the Company.
Annual Report 2020

Agenda Resolution
2. Dismissal with respect to the names mentioned below as Management of the Company:
No. Name Position
1. Mr. Ahmad Fikri Assegaf Independent Commissioner;

2. Mr. Pataniari Siahaan Independent Commissioner;
3. Mr. Revrisond Baswir Independent Commissioner;
4. Mr. Achmad Baiquni President Director;
5. Mr. Herry Sidharta Vice President Director;
6. Mrs. Adi Sulistyowati Director of Institutional Relations;
7. Mr. Anggoro Eko Cahyo Director of Consumer Business;
8. Mr. Bob Tyasika Ananta Treasury and International Director;
9. Mr. Rico Rizal Budidarmo Risk Management Director;
10. Mr. Ario Bimo Director of Finance;
11. Mr. Dadang Setiabudi Director of Information Technology and Operations;
12. Mr. Endang Hidayatullah Director of Human Capital and Compliance
which are appointed based on the Annual GMS Decree for the 2016 Financial Year, the Annual GMS
Decision for the 2014 Financial Year, the Annual GMS Decision for the 2014 Financial Year, the Annual GMS
Decision for the 2014 Financial Year, the GMS Annual Decision for the 2014 Financial Year, the Annual GMS
Decision for the 2014 Financial Year, the Annual Decision GMS for Fiscal Year 2014, Decision of Annual
GMS for Fiscal Year 2014, Decision of Annual GMS for Fiscal Year 2014, Decree of EGMS for 2019, Decree
of Annual GMS for Fiscal Year 2017, Decision of Annual GMS for Fiscal Year 2017, starting from the closing
of GMS, with thanks for the contribution of labor and thoughts given during his tenure as the Company’s
Management.
3. To change the nomenclature of the Company’s Board of Directors as follows:

No Before After
1. Managing Director – Micro, Small, Medium Managing Director – Micro, Small, Medium
Enterprises & Network Enterprises
2. - Managing Director - Network and Services
4. To transfer the following Directors assignment:
No. Name Before After
1. Putrama Wahju Setyawan Managing Director – Managing Director – Treasury &

Corporate Banking International Banking
2. Tambok P.S. Simanjuntak Managing Director – Micro, Managing Director – Micro,
Small, Medium Enterprises & Small, Medium Enterprises
Network
Which were appointed by AGMS FY 2015 Resolution and AGMS FY 2017 Resolution, with the tenure
continuing his/her tenure as Directors based on each GMS resolutions.
Annual Report 2020

Corporate
Governance
Agenda Resolution
5. To appoint the following names as the member of the Board of Commissioners and Directors:
No. Name Position
1. Mr. Agus Dermawan Wintarto Martowardojo President Commissioner/

Independent Commissioner;
2. Mr. Pradjoto Vice President Commissioner/
Independent Commissioner;
3. Mr. Susyanto Commissioner;
4. Mr. Asmawi Syam Independent Commissioner;
5. Mr. Septian Hario Seto Independent Commissioner;
6 Mr. Iman Sugema Independent Commissioner;
7. Mr. Herry Sidharta President Director;
8. Mr. Anggoro Eko Cahyo Vice President Director;
9. Mr. Benny Yoslim Managing Director – Corporate Banking;
10. Mrs. Corina Leyla Karnalies Managing Director – Consumer Banking;
11. Mr. Sigit Prastowo Managing Director – Finance (CFO);
12. Mr. Osbal Saragi Rumahorbo Managing Director – Risk Management;
13. Mr. Y.B. Hariantono Managing Director - Information Technology
and Operation;
14. Mr. Bob Tyasika Ananta Managing Director – Human Capital and
Compliance;
15. Mr. Sis Apik Wijayanto Managing Director - Institutional Relation;
16. Mrs. Adi Sulistyowati Managing Director – Services and Network.
6. The expiry term of service of appointed member of the Board of Commissioners and Directors as
mentioned on the Point 5, according to the Company Articles of Association, with respect to the prevailing
regulations in the field of capital market and without prejudice to the right of the GMS to dismiss at any
time.
7. With the confirmation of dismissal, dismissal, change of the nomenclature, transfer of assignment, and the
appointment of the member of the Board of Commissioners and Directors, as mentioned on the Point 1, 2,
3, 4, and 5, the composition of the Board of Commissioners and Directors of the Company as follows:
a. The Board of Commissioners
No. Name Position
1. Mr. Agus Dermawan Wintarto Martowardojo President Commissioner/

Independent Commissioner
2. Mr. Pradjoto Vice President Commissioner/
3. Mrs. Ratih Nurdiati Commissioner
4. Mr. Askolani Commissioner
5. Mr. Joni Swastanto Commissioner
6. Mr. Susyanto Commissioner
7. Mr. Sigit Widyawan Independent Commissioner
8. Mr. Asmawi Syam Independent Commissioner
9. Mr. Septian Hario Seto Independent Commissioner
10 Mr. Iman Sugema Independent Commissioner
Annual Report 2020

Agenda Resolution
b. The Board of Directors
No. Name Position
1. Mr. Herry Sidharta President Director

2. Mr. Anggoro Eko Cahyo Vice President Director
3. Mr. Benny Yoslim Managing Director – Corporate Banking
4. Mrs. Corina Leyla Karnalies Managing Director – Consumer Banking
5. Mrs. Tambok P.S. Simanjuntak Managing Director – Micro, Small, Medium
Enterprises
6. Mr. Putrama Wahju Setyawan Managing Director – Treasury and
International Banking
7. Mr. Sigit Prastowo Managing Director – Finance (CFO)
8. Mr. Osbal Saragi Rumahorbo Managing Director – Risk Management
9. Mr. Y.B. Hariantono Managing Director - Information Technology
and Operation
10. Mr. Bob Tyasika Ananta Managing Director – Human Capital and
Compliance
11. Mr. Sis Apik Wijayanto Managing Director - Institutional Relation
12. Mrs. Adi Sulistyowati Managing Director – Services and Network
8. The members of the Board of Commissioners and Directors who were appointed as mentioned on the
Point 5, can only carry out their duties after obtaining the approval from the OJK.
9. The members of the Board of Commissioner and Directors who were appointed as mentioned on the Point
5 who still hold other position which prohibited by prevailing regulations to served concurrently with the
position as the member of the Board of Commissioners Directors of SOE, should propose for resignation or
dismissed from previous position.
10. To request to the Directors to submit written requests to OJK for conducting the Fit and Proper Test on
members of the Board of Commissioners and Directors appointed referred to Point 5.
11. To grant power and authority with substitution rights to the Company’s Board of Directors to state the
Decisions of this Meeting in a deed before a Notary Public or authorized officer and adjusts and/or correct
as required by the authorized officers for the purpose of the resolutions.
Voting Result
the Meeting
Non-Affirmative Vote : 678,754,346 shares or 4,363% shares of all shares with voting rights present at the
Meeting
Meeting
Resolution of the EGMS (held on September 2, 2020)
Agenda Resolution
Changes in the Composition of 1 Dismissed with respect Mr. Anggoro Eko Cahyo as Deputy President Director of the Company who was
the Management of the Company appointed based on the Annual GMS Decree for the 2019 Fiscal Year dated February 20, 2020 and observes
the Decree of the OJK Board of Commissioners number 30/KDK.03/2020 dated June 2, 2020 as of the
closing of this Meeting.
2. To honorably dismiss the names as follows:

No Name Position
1. Mr. Herry Sidharta President Director

2. Mr. Sigit Prastowo Director of Finance
3. Mr. Benny Yoslim Managing Director Corporate Banking
4. Mr. Osbal Saragi Rumahorbo Managing Director Risk Management
5. Mrs. Tambok P. Setyawati Managing Director MSME
6. Mr. Putrama Wahju Setyawan Managing Director Treasury & International
Annual Report 2020

Corporate
Governance
Agenda Resolution
3. Change the nomenclature of the positions of the members of the Company’s Board of Directors as follows:
No Previous To Become
1. Director of Corporate Business Managing Director Corporate Banking
4. Transfer the assignments of the names below as members of the Company’s Board of Directors:
No. Name Previous To Become
1. Adi Sulistyowati Managing Director Vice President Director

Services & Network
who are appointed based on the Annual GMS Decree for the 2019 Fiscal Year with the term of office
continuing the remaining term of office in accordance with the GMS Decree of the appointment.
5. To appoint the names as follows:
No Name Position
1. Mr. Royke Tumilaar President Director

2. Mrs. Novita Widya Anggraini Managing Director Finance
3. Mr. Silvano W. Rumantir Managing Director Corporate Banking
4. Mr. David Pirzada Managing Director Risk Management
5. Mr. Muhammad Iqbal Managing Director MSME
6. Mr. Ronny Venir Managing Director Services and Networks
7. Mr. Henry Panjaitan Managing Director Treasury & International
6. The term of office of the appointed members of the Board of Directors as referred to in number 5, is in
accordance with the provisions of the Articles of Association of the Company, with due observance of the
laws and regulations in the Capital Market sector and without prejudice to the right of the GMS to dismiss
at any time.
7. With the dismissal, change in nomenclature of positions, transfer of duties and appointment of members
of the Board of Directors as referred to in numbers 1, 2, 3, 4, and 5, the membership composition of the
Board of Directors of the Company becomes as follows:
Board of Directors
No. Name Position
1. Mr. Royke Tumilaar President Director

2. Mrs. Adi Sulistyowati Vice President Director
3. Mrs. Corina Leyla Karnalies Managing Director Consumer Banking
4. Mrs. Novita Widya Anggraini Managing Director Finance
5. Mr. Hariantono Managing Director IT & Operations
6. Mr. Bob Tyasika Ananta Managing Director Human Capital &
Compliance
7. Mr. Silvano W. Rumantir Managing Director Corporate Banking
8. Mr. David Pirzada Managing Director Risk Management
9. Mr. Sis Apik Wijayanto Managing Director Institutional Relations
10. Mr. Ronny Venir Managing Director Services & Networks
11. Mr. Muhammad Iqbal Managing Director MSME
12. Mr. Henry Panjaitan Managing Director Treasury & International
Annual Report 2020

Agenda Resolution
8. Members of the Board of Directors who are appointed as referred to in number 5 can only carry out their
duties as Members of the Board of Directors after obtaining approval from the Financial Services Authority.
9. Members of the Board of Directors who are appointed as referred to in number 5 who are still holding other
positions which are prohibited by statutory regulations from concurrently serving as Members of the Board
of Directors of State-Owned Enterprises, must resign or be terminated from their positions.
10. Provide power of attorney with substitution rights to the Board of Directors of the Company to declare
that the GMS has decided in the form of a Notary Deed and appear before the Notary or authorized official
and make adjustments or corrections required if required by the competent party for the purposes of
implementing the contents of the meeting Resolution.
Voting Results
Affirmative : 11,409,820,487 votes or 78.52% of the total shares with voting rights who attended the
Meeting
Non-affirmative : 3,119,735,223 votes or 21.47% of all shares with voting rights who attended the Meeting
Abstentions : 137,314,703 votes or 0.94% of all shares with voting rights who attended the Meeting
ATTENDANCE OF THE BOARD OF
No. Name Position
MANAGEMENT AT THE GMS
1. Pataniari Siahaan Independent Commissioner
Members of the Board of Directors and 2. Revrisond Baswir Independent Commissioner
Board of Commissioners Attended the
3. Askolani Commissioner
GMS
4. Joni Swastanto Commissioner
Annual GMS for Fiscal Year 2019 (Held on February 5. Ahmad Fikri Assegaf Independent Commissioner
20, 2020) 6. Sigit Widyawan Independent Commissioner

7. Ratih Nurdiati Commissioner
Board of Directors
No. Name Position
EGMS 2020 (held on September 2, 2020)
1. Mr. Achmad Baiquni President Director Board of Directors
2. Mr. Herry Sidharta Vice President Director No. Name Position
3. Mr. Putrama Wahju Managing Director –
Setyawan Corporate Banking 1. Herry Sidharta President Director
4. Mrs. Tambok P.S. Managing Director – Micro, 2. Adi Sulistyowati Managing Director Services
Simanjuntak Small, Medium Enterprises and Networks
& Network
3. Bob Tyasika Ananta Managing Director Human
5. Mr. Anggoro Eko Cahyo Managing Director – Capital and Compliance
Consumer Banking
6. Mr. Bob Tyasika Ananta Managing Director – Treasury
& International Banking Board of Commissioners
7. Mrs. Adi Sulistyowati Managing Director – No. Name Position
Institutional Relation
8. Mr. Ario Bimo Managing Director – Finance 1. Agus Dermawan Wintarto President Commissioner/
(CFO) Martowardojo Independent Commissioner
9. Mr. Rico Rizal Budidarmo Managing Director – Risk 2. Pradjoto Vice President
Management Commissioner/Independent
Commissioner
10. Mr. Dadang Setiabudi Managing Director –
Information Technology &
Operation
11. Mr. Endang Hidayatullah Managing Director – Human
Capital & Compliance
Annual Report 2020

Corporate
Governance
DECISIONS AND FOLLOW UP OF THE GMS IMPLEMENTED IN 2019
In 2019, BNI held 1 (one) GMS, namely the 2018 Annual GMS on May 13, 2019 with the following results and follow-up:
Agenda I
Resolutions 1. Approve the Company’s Annual Report including the Supervisory Task Report that has been carried out by the
Board of Commissioners for the 2018 financial year, and ratify the Company’s Consolidated Financial Statements
for the 2018 financial year which has been audited by Purwantono, Sungkoro & Surja Public Accountants
Firm - member firm of the global network Ernst & Young according to Report No. 00024/2.1032/AU.1/07/1008-
1/1/I/2019 dated January 16, 2019 with a fair opinion in all material matters.
2. Ratify the Annual Report on the Implementation of the Partnership and Community Development Program for
2018, which has been audited by the Public Accountant Firm Purwantono, Sungkoro & Surja - a member firm
of the Ernst & Young global network in accordance with Report No. No.00302/2.1032/AU.2/10/1008-1/1/II/2019
dated 26 February 2019 with a fair opinion in all material matters.
3. Provide full repayment and release of responsibility (volledig acquit et de charge) to all members of the Board
of Directors and members of the Board of Commissioners for management and supervisory actions that have
been carried out during the 2018 financial year, as long as these actions are not criminal acts and these actions
are reflected in the Report. Consolidated Annual Financial Statements of the Company and Annual Report on
the Implementation of the Partnership and Community Development Program for the 2018 financial year.
Apart from the above resolutions, the Company has also reported the following matters:
1. In compliance with the Financial Services Authority Regulation No. 51/POJK.03/2017 dated 18 July 2017
concerning the Implementation of Sustainable Finance for Financial Service Institutions, Issuers and Public
Companies, the Company has communicated the Sustainable Finance Action Plan to Shareholders.
2. The Company has also submitted an explanation regarding the report on the Implementation of PSAK 71 -
Financial Instruments which is an adoption of IFRS 9 - Financial Instrument which will be effective as of January
1, 2020.
3. In order to comply with the provisions of the Regulation of the State Minister for SOEs Number PER-12/
MBU/2012 dated 24 August 2012 concerning Supporting Organs for the Board of Commissioners/Supervisory
Board of SOE, the Company submits a report on changes in the composition of the Audit Committee, Risk
Monitoring Committee, Nomination & Remuneration Committee and Integrated Governance Committee.
Voting Results Affirmative : 15,919,330,760 votes or 99.624% of the total shares with voting rights who attended the
(Total Votes and Meeting
Percentage) Non-affirmative : 3,503,100 votes or 0.022% of all shares with voting rights who attended the Meeting
Abstentions : 56,607,791 votes or 0.354% of the total shares with voting rights who attended the
Meeting
Realization/Follow Up Resolution takes effect immediately.
Status Completed
Agenda II
Resolution To approve and determine the use of the Company’s Net Profits for the 2018 financial year, which is IDR
15,015,118,681,804.00 (fifteen billion fifteen billion one hundred eighteen million six hundred eighty one thousand
eight hundred and four Rupiah) hereinafter referred to as “Net Profit for the Financial Year 2018 ”as follows:
1. Approve and stipulate the use of the Company’s Net Profits for the 2018 financial year, amounting to
Rp15,015,118,681,804.00 (fifteen billion fifteen billion one hundred eighteen million six hundred eighty one
thousand eight hundred and four Rupiah) hereinafter referred to as “Net Profits Fiscal Year 2018 ”as follows:
a. Specifically for dividends for the Government’s share of the ownership of 60% shares or in the amount of
Rp2,252,267,799,961.51 (Two trillion two hundred fifty-two billion two hundred sixty-seven million seven
hundred ninety-nine thousand nine hundred sixty-one Rupiah point fifty one cent ) will be deposited into the
account of the State General Treasury.
b. Granting authority and power to the Board of Directors of the Company with the right of substitution to
determine the schedule and procedures for distribution of dividends for the 2018 financial year in accordance
2. As much as 75% or Rp11,261,339,011,353.00 (Eleven trillion two hundred sixty-one billion three hundred thirty-
nine million eleven thousand three hundred and fifty three Rupiah) will be used as Retained Earnings.
Voting Results Affirmative : 15,961,044,941 votes or 99.885% of all shares with voting rights who attended the
Percentage) Non-affirmative : 18,396,700 votes or 0.115% of all shares with voting rights who attended the Meeting
Abstentions : 10 votes or 0.000% of the total shares with voting rights who attended the Meeting
Realization/Follow Up The meeting has decided to pay dividends from the Company’s net profit amounting to Rp3,753,779,670,451.00
or in the amount of Rp201.289550 per share to be distributed to the Company’s Shareholders. The schedule and
procedures for the distribution of cash dividends for the 2018 financial year were published in the daily Investor
Daily and The Jakarta Post, as well as on the websites of the Stock Exchange and OJK and the Company, on May
15, 2019. Payment of cash dividends for the 2018 financial year was held on June 14, 2019.
Status Completed
Annual Report 2020

Agenda III
Resolution 1. Give the authority and power to the Dwiwarna Series A Shareholder to determine the amount of tantiem for the
2018 financial year, as well as determine the salary/honorarium, allowances, facilities and other incentives for
members of the Board of Commissioners for 2019.
2. Give authority and power to the Board of Commissioners by first obtaining written approval from the Dwiwarna
Series A Shareholder to determine the amount of tantiem for the 2018 financial year, as well as determine the
salary/honorarium, allowances, facilities and other incentives for members of the Board of Directors for 2019.
Voting Results Affirmative : 15,230,448,749 votes or 95.313% of the total shares with voting rights who attended the
Percentage) Non Affirmative : 740,116,302 votes or 4,632% of all shares with voting rights who attended the Meeting
Abstentions : 8,876,600 votes or 0.056% of the total shares with voting rights who attended the
Meeting
Realization/Follow Up Series A Dwiwarna Shareholder Letter No. S-481/MBU/D5/05/2019 dated 31 May 2019 concerning Determination
of Income for the Board of Directors and Board of Commissioners of PT Bank Negara Indonesia (Persero) Tbk,
as well as the Letter of the Board of Commissioners to the Board of Directors of the Company No. Board of
Commissioners Letter No. DK/67 dated June 20, 2019 regarding the Determination of Income for the Board of
Directors and Board of Commissioners of PT Bank Negara Indonesia (Persero) Tbk in 2019 and Tantiem for the 2018
Financial Year Performance
Status Completed
Agenda IV
Resolution Approve:
1. To establish the Public Accountant Firm Purwantono, Sungkoro & Surja - member firm of the Ernst & Young
global network as a Public Accounting Firm that will audit the Company’s Financial Statements and Financial
Statements for the Implementation of the Partnership and Community Development Program for the 2019
Financial Year.
2. Give power to the Board of Commissioners of the Company to determine the honorarium and other
requirements for the Public Accountant Firm, as well as establish a Alternate Public Accounting Firm in the
case of Purwantono, Sungkoro & Surja Public Accountants Firm - a member firm of the Ernst & Young global
network, for whatever reason it cannot completing an audit of the Company’s Financial Statements and
Financial Statements of the Implementation of the Partnership and Community Development Program for the
2019 Financial Year, including determining the honorarium and other requirements for the replacement Public
Accountant Firm.
Percentage) Non-affirmative : 1,126,553,766 votes or 7.050% of all shares with voting rights who attended the Meeting
Abstentions : 722,910 votes or 0.004% of the total shares with voting rights who attended the Meeting
Realization/Follow Up A general audit of the Company’s Financial Statements and Financial Statements for the Implementation of the
Partnership and Community Development Program for the 2019 Financial Year has been published by Purwantono,
Sungkoro & Surja Public Accountants Firm - a member firm of the Ernst & Young global network in January 2020.
Status Done
Agenda V
Resolution Approved the Update on the Company’s 2018 Recovery Plan in order to comply with OJK Regulation No. 14/
POJK.03/2017.
Percentage) Non-affirmative : 4,903,100 votes or 0.031% of the total shares with voting rights who attended the
Meeting
Abstentions : 107,800 votes or 0.001% of all shares with voting rights who attended the Meeting
Realization/Follow Up With the approval of the Recovery Plan, the following changes are made to the level of Statutory Reserves (GWM)
as follows:
Status Done
Annual Report 2020

Corporate
Governance
Agenda VI & VII
Resolution Resolution:
a. Changes in the Nomenclature of the Board of Directors
1. Change the nomenclature of the positions of the members of the Company’s Board of Directors as follows:
2. Transfer the assignments of the names below as members of the Company’s Board of Directors:
3. With the change in the nomenclature of positions and transfer of positions of members of the Board of
Directors of the Company as referred to in number 1 and number 2, the membership composition of the
Board of Directors of the Company is as follows:
4. Give the power of attorney with substitution rights to the Board of Directors of the Company to declare that
the GMS has decided in the form of a notary deed and before the Notary or authorized official, and make any
necessary adjustments or corrections if required by the competent party for the purposes of implementing
the contents of the meeting Resolution.
b. Changes in the Management of the Company
1. To honorably dismiss the names listed below as Members of the Company’s Board of Commissioners:
1) Mr. Wahyu Kuncoro as Deputy President Commissioner
2) Mr. Bistok Simbolon as Commissioner
2. To appoint the following names as members of the Company’s Board of Commissioners:
1) Mr. Hambra as Deputy President Commissioner
2) Ms. Ratih Nurdiati as Commissioner
3. The term of office of the appointed members of the Board of Commissioners as referred to in number 2, is
in accordance with the provisions of the Company’s Articles of Association, with due observance of laws and
regulations in the Capital Market sector and without prejudice to the right of the GMS to dismiss at any time.
4. With the dismissal and appointment of members of the Company’s Board of Commissioners as referred to in
number 1 and number 2, the composition of the members of the Company’s Board of Commissioners will be as
follows:
5. Members of the Board of Commissioners who are appointed as referred to in number 2 who are still holding
other positions which are prohibited by laws and regulations from being appointed as Members of the Board of
Commissioners of State-Owned Enterprises, must resign or be dismissed from their position.
6. Granting power of attorney with substitution rights to the Company’s Board of Directors to declare that the
GMS has decided in the form of a notary deed and before the Notary or other authorized official and make
adjustments or corrections as required by the competent authority for the purposes of implementing the
contents of the meeting Resolution.
Voting Results Affirmative: 11,908,277,492 votes or 74.522% of all shares with voting rights who attended the Meeting
(Total Votes and Non-affirmative: 4,059,860,728 votes or 25.407% of all shares with voting rights who attended the Meeting
Percentage) Abstentions: 11,303,431 votes or 0.071% of the total shares with voting rights who attended the Meeting
Realization/Follow Up Appointment of Ms. Ratih Nurdiati as Commissioner of the Company until this Annual Report is published is
still in the Fit and Proper Test process at the OJK. Changes in the nomenclature of the Board of Directors have
been stated in the Board of Directors Resolution Letter No. KP/230/DIR/R dated June 13, 2019 regarding the
Organizational Structuring of the BNI Directors.
Status Done
PolICy of relaTIoNshIP wITh shareholDers
In order to implement good governance principles, especially in the aspect of openness, the Company always strives
to ensure the company’s transparency on financial and non-financial information in a fair and timely manner, to all
shareholders, including minority shareholders and foreign shareholders.
In order to realize such transparency of information, the Corporate Secretary has an active role in the implementation
of the bank’s information disclosure to shareholders as stipulated in Article 5 of FSA Regulation No. 35/POJK.04/2014
on Corporate Secretary of Issuer or Public Company; the Corporate Secretary serves as a liaison between the Bank and
shareholders, including the Financial Services Authority and other stakeholders.
Apart from complying with the provisions of the Financial Services Authority, in order to foster intensive, systematic, and
planned a relationship with Shareholders, the Bank has internal company policies as stipulated in the Company Regulations
No. IN/794/KMP/001 dated December 23, 2014.
Annual Report 2020

The Board of Commissioners is a Corporate Governance 4. Independent Commissioner;
organ that is in charge for conducting supervision of the 5. Duties, Authorities, Obligations and Responsibilities of
Bank’s policy and course of management in general, both the Board of Commissioners;
regarding the Bank and the Bank’s business activities 6. Appointment and Dismissal of Members of the Board
carried out by the Board of Directors and provide advice of Commissioners;
to the Board of Directors for the interest of BNI and in 7. Term of Office of the Board of Commissioners and
accordance with the purposes and objectives of the Bank. Vacant Position;
8. Board of Commissioners Meeting and Board of
Commissioners Meeting with the Board of Directors;
LEGAL BASIS 9. Division of Work and Working Time of the Board of
Commissioners;
The legal basis for the establishment and appointment of 10. Secretariat of the Board of Commissioners and
the Board of Commissioners of the Bank refers to several Secretary of the Board of Commissioners;
provisions, including the Law of the Republic of Indonesia 11. Corporate Values;
No. 40 of 2007 concerning Limited Liability Companies and 12. Board of Commissioners’ Work Ethics and
the Law of the Republic of Indonesia Number 19 of 2003 Prohibitions;
dated 19 June 2003 concerning State-Owned Enterprises 13. Transparency.
and other statutory regulations, specifically the Financial
Services Authority Regulation No. 33/POJK.04/2014 dated
8 December 2014 concerning the Board of Directors and DUTIES AND RESPONSIBILITIES OF THE
Board of Commissioners of Issuers or Public Companies BOARD OF COMMISSIONERS
and the Financial Services Authority Regulation Number
55/POJK.03/2016 dated 7 December 2016 concerning The Board of Commissioners has the duty and
Implementation of Governance for Commercial Banks. responsibility to supervise the management policies and
courses in general, both regarding the Bank and the Bank’s
business activities carried out by the Board of Directors
STRUCTURE AND COMPOSITION OF THE and provide advice to the Board of Directors, including
BOARD OF COMMISSIONERS supervision of the implementation of the Company’s Long-
Term Plan, Work Plan and Annual Budget of the Company,
1. The structure of the BNI Board of Commissioners and provisions of the Articles of Association, Resolutions
consists of the President Commissioner, Vice of the General Meeting of Shareholders (GMS), as well as
President Commissioner and Commissioner. the applicable laws and regulations for the interest of BNI
2. The composition of BNI’s Board of Commissioners and in accordance with the purposes and objectives of the
consists of Non-Independent Commissioners and Bank. The duties of the Bank’s Board of Commissioners
Independent Commissioners. are in line with the Law of the Republic of Indonesia No.
3. The Board of Commissioners is an assembly 40 of 2007 concerning Limited Liability Companies and the
and therefore each member of the Board of Articles of Association of BNI.
Commissioners is prohibited from taking any
action individually, but shall be based on Board of In carrying out their duties, each member of the Board of
Commissioners resolution. Commissioners is obliged to:
1. Comply with the Articles of Association and
laws and regulations, as well as the principles
GUIDELINES AND PROCEDURES FOR THE of professionalism, efficiency, transparency,
BOARD OF COMMISSIONERS independence, accountability, responsibility, as well as
fairness and equality;
The Guidelines and Procedures for the Board of 2. Have good faith, prudence and responsibility in
Commissioners of BNI are stipulated in BNI Board of carrying out their supervisory duties and providing
Commissioners Decree No. KEP/49/DK/2017 dated advices to the Board of Directors for the interests of
October 26, 2017, which basically regulates the following the Company and in accordance with the purpose and
matters: objectives of the Company.
1. Legal Basis;
2. Structure; In order to maintain objectivity and independency in
3. Requirement for Members of the Board of performing the functions and duties of supervision, as
Commissioners; stipulated in the POJK which regulates the implementation
Annual Report 2020

Corporate
Governance
of governance for Commercial Banks,the Board of 13. Carrying out other supervisory authority as long as it is
Commissioners is prohibited from involving in the decision- not in contrary to the laws and regulations, Articles of
making for the Bank’s operational activities, except for: Association, and/or GMS resolutions.
1. Provision of funds to related parties as stipulated in
the provisions on a legal lending limit of commercial
banks; and OBLIGATIONS OF THE BOARD OF
2. Other matters set forth in the Bank’s Articles of COMMISSIONERS
Association or Laws and Regulations.
Based on BNI’s Articles of Association, the Board of
The decision making regarding the Bank’s operational Commissioners is obliged to:
activities made by the Board of Commissioners stated 1. Provide advice to the Board of Directors in conducting
above is part of the Board of Commissioners’ supervisory the management of the Bank;
duties, which does not eliminate the Board of Directors’ 2. Provide opinion and approval for the Bank’s Annual
responsibilities for the Bank’s management activities. Work Plan and Budget, as well as other work plans
that are prepared by the Board of Directors, in
accordance with the provisions of the Articles of
BOARD OF COMMISSIONERS AUTHORITY Association;
3. Follow the Bank’s development, provide opinions
In accordance with the Bank’s Article of Association, the and suggestions to the GMS on any matters deemed
Board of Commissioners has the following authority: necessary for the management of the Bank;
1. Examining books, letters, and other documents, 4. Report to the Dwiwarna Series A Shareholders in
examining the cash for verification purposes and other the event of any declining tendency in the Bank’s
securities, and examining the Bank’s assets; performance;
2. Entering the yards, buildings, and offices used by the 5. Propose to the GMS the appointment of a Public
Bank; Accountant Firm to audit the Bank’s books;
3. Requesting explanation from the Board of Directors 6. Examine and review the periodic report and Annual
and/or other officials on any issues related to the Report prepared by the Board of Directors, including
Bank’s management; signing the Annual Report;
4. Knowing all policies and actions that have been and 7. Provide explanations, opinions, and suggestions to the
will be carried out by the Board of Directors; GMS on the Annual Report, if requested;
5. Requesting the Board of Directors and/or other 8. Prepare Minutes of Board of Commissioners’
officials under the Board of Directors, under the Meetings and keep a copy;
consent of the Board of Directors to attend the Board 9. Report to the Bank on any personal and/or family share
of Commissioners’ Meeting; ownership in the Bank and any other Companies;
6. Appointing and dismissing a Secretary of the Board of 10. Provide a report on the supervisory duties that was
Commissioners; performed in the previous fiscal year to the GMS;
7. Temporarily dismissing a member of Board of 11. Provide an explanation on all matters questioned
Directors in accordance with the provisions stipulated or requested by Dwiwarna Series A Shareholders
in the Articles of Association; with due observance of the laws and regulations
8. Establishing an Audit Committee, Remuneration and particularly those applicable in Capital Market sector;
Nomination Committee, Risk Monitoring Committee, 12. Perform other obligations in the framework of
and other committees if deemed necessary with due supervisory and advisory duties as long as they do not
observance of the Bank’s capability; violate the laws and regulations, Articles of
9. Involving experts for certain matters and for a certain Association, and/or GMS resolutions;
time period at the Bank’s expenses, whenever 13. Grant approval in writing for legal acts performed by
deemed necessary; the Board of Directors as required in BNI’s Articles of
10. Performing Bank’s management in certain Association with regard to the laws and regulations in
circumstances for a certain time period in accordance the Capital Market sector:
with the provisions stipulated in the Articles of a. Release/transfer and/or pledge the Bank’s
Association; assets with criteria and values exceeding
11. Approving the appointment and dismissal of the certain amounts stipulated by the Board of
Corporate Secretary and/or Head of the Internal Audit Commissioners, except assets that are recorded
Unit; as inventories, with due observance of the
12. Attending Meetings of the Board of Directors and provisions in the capital market and banking
providing insights on matters discussed; sector;
Annual Report 2020

b. Cooperate with other business entities or parties, The Board of Commissioners’ approval regarding letters
in the form of joint operations (KSO), business a, b, e, f, g, and h above, with certain limits and/or criteria,
cooperative (KSU), license agreements, Build, is determined after obtaining the approval from the
Operate, and Transfer (BOT), Build, Transfer, and Dwiwarna Series A Shareholders. The determination of
Operate (BTO), Build, Operate, and Own (BOO), limits and/or criteria by the Board of Commissioners for the
and other agreements that have the same nature, matters referred to in letters a, b, e, f, g, and h above is
same time period, or value exceeding those set done after obtaining the approval of the Dwiwarna Series A
by the Board of Commissioners; Shareholders.
c. Establish and change the Bank’s logo;
d. Establish an organizational structure 1 (one) level
below the Board of Directors; DIVISION OF ROLE AND
e. Undertake capital participation with RESPONSIBILITIES OF SUPERVISION
specified value as stipulated by the Board of OF EACH MEMBERS OF THE BOARD OF
Commissioners of other companies, subsidiaries, COMMISSIONERS
and joint ventures that are not in the framework
of rescuing receivables with due observance of President Commissioners Duties
the provisions in Capital Market sector; 1. Coordinating the implementation of duties of the
f. Establish subsidiary and/or joint venture company Board of Commissioners;
with certain value as stipulated by the Board 2. Chairing the Board of Commissioners’ Meeting;
of Commissioners with due observance of the 3. Signing written documents including correspondence
provisions in Capital Market sector; with fellow Commissioners;
g. Propose the Bank’s representative as a candidate 4. Representing the Board of Commissioners in
member of the Board of Directors and Board attending forum, meetings and events organized by
of Commissioners in a subsidiary that gives a the authorities, Dwiwarna Series A Shareholders and
significant contribution to the Bank, and/or has other institutions;
strategic value as stipulated by the Board of 5. Representing the Board of Commissioners in chairing
Commissioners; the General Meeting of Shareholders of the Company.
h. Perform merger, consolidation, acquisition, spin-
off, and liquidation of subsidiaries of joint-ventures In addition to the duties and responsibilities as
with specified value as stipulated by the Board explained above, each member of the Bank’s Board of
of Commissioners with due observance of the Commissioners has additional roles and responsibilities.
provisions in Capital Market sector; The division of work of members of the BNI Board
i. Perform actions included in material transactions of Commissioners is, among others, carried out by
as stipulated by the laws and regulations in the determining the distribution of the positions of the
capital market sector with certain values as members of the Board of Commissioners in Committees
determined by the Board of Commissioners, established by the Board of Commissioners to assist
except such actions are included in material with the smooth running of their duties, namely the
transactions excluded by the laws and regulations Audit Committee, the Risk Monitoring Committee, the
applicable in Capital Market sector; Nomination and Remuneration Committee and the
j. Actions that are not stipulated in the RKAP; Integrated Governance Committee. The appointment
k. Actions to transfer include selling, releasing the of each member of the Board of Commissioners as a
right to charge and/or not to charge again for: member of the committees is regulated in a Decree of the
1) The principal of non-performing receivables Board of Commissioners.
which has been written off in the framework
of credit settlement, either partially or entirely; The appointment of members of the Board of
2) The difference between the principal value Commissioners as members of the committees
of non-performing receivables that has been underwent changes as an adjustment to the needs and
written off with transfer value including sales development of the latest conditions, including changes
or with the value of disposal of right; shall be in the composition of the Board of Commissioners, where
carried out based on the Board of Directors’ the latest changes in the composition of the Board of
policies that have been approved by the Commissioners as members of the committees during
Board of Commissioners and in the amount 2020 are as follows:
of debt-cancelled limit set by the GMS which
shall remain in force until any new limit has
been determined by the GMS.
Annual Report 2020

Corporate
Governance
Period January 1, 2020 - February 20, 2020

Name Position Period Division of Duties
Ari Kuncoro 1) President January 1, 2020 - February 18, 2020 Chairman of Nomination and Remuneration Committee
Commissioner/
Independent
Commissioner
Revrisond Baswir 2) Independent • January 1, 2020 - February 20, 2020 • Member of Nomination and Remuneration Committee
Commissioner • January 1, 2020 - February 20, 2020 • Head of Risk Monitoring Committee
• January 1, 2020 - February 20, 2020 • Chairman of Integrated Governance Committee
Pataniari Siahaan 2) Independent • January 1, 2020 - February 20, 2020 • Chairman of Audit Committee
Commissioner • January 1, 2020 - February 20, 2020 • Member of Nomination and Remuneration Committee
Joni Swastanto Commissioner • January 1, 2020 - present • Member of Nomination and Remuneration Committee
• January 2020 - present • Member of Risk Monitoring Committee
• January 1, 2020 - September 8, • Member of Integrated Governance Committee
2020
Ahmad Fikri Assegaf 2) Independent • January 1, 2020 - February 20, 2020 • Member of Audit Committee
Commissioner • January 1, 2020 - February 20, 2020 • Member of Nomination and Remuneration Committee
Sigit Widyawan Independent • January 1, 2020 - July 20, 2020 • Member of Audit Committee
Commissioner • January 1, 2020 - present • Member of Nomination and Remuneration Committee
• January 1, 2020 - September 8, • Member of Integrated Governance Committee
2020
Notes:
1)
Stop serving as President Commissioner/Independent Commissioner since February 18, 2020
2)
Stop serving as Independent Commissioner since February 20, 2020
Period February 21, 2020 - December 31, 2020

Name Position Period Division of Duties
Agus Dermawan President • July 20, 2020 - present • Chairman of Nomination and Remuneration Committee
Wintarto Commissioner/ • July 20, 2020 - present • Chairman of Integrated Governance Committee
Martowardojo Independent
Commissioner
Pradjoto Vice President • July 20, 2020 - present • Chairman of Risk Monitoring Committee
Commissioner/ • July 20, 2020 - present • Member of Nomination and Remuneration Committee
Independent • August 13, 2020-September 8, 2020 • Member of Integrated Governance Committee
Commissioner
Joni Swastanto Independent • January 1, 2020 - present • Member of Nomination and Remuneration Committee
Commissioner • January 1, 2020 - present • Member of Risk Monitoring Committee
• January 1, 2020 - September 8, • Integrated Governance Members
2020
Sigit Widyawan Independent • January 1, 2020 - July 20, 2020 • Member of Audit Committee
Commissioner • March 10, 2020 - July 20, 2020 • Chairman of Audit Committee
• September 8, 2020- present • Member of Audit Committee
• January 1, 2020 - March 6, 2020 • Member of Nomination and Remuneration Committee
• March 6, 2020 - July 20, 2020 • Chairman of Nomination and Remuneration Committee
• July 20, 2020 - present • Member of Nomination and Remuneration Committee
• January 1, 2020 - March 10, 2020 • Member of Risk Monitoring Committee
• March 10, 2020 - September 8, • Integrated Governance Members
2020
Askolani • January 30, 2020 - present • Member of Nomination and Remuneration Committee
• March 10, 2020 - September 8, • Member of Risk Monitoring Committee
2020 • Integrated Governance Members
• January 30, 2020 - present
Ratih Nurdiati Commissioner • April 16, 2020 - present • Member of Nomination and Remuneration Committee
• September 8, 2020 - present • Member of Risk Monitoring Committee
Asmawi Syam Independent • July 20, 2020 - present • Chairman of Audit Committee
Commissioner • July 20, 2020 - present • Member of Nomination and Remuneration Committee
Iman Sugema Independent • September 8, 2020 - present • Member of Audit Committee
Commissioner • August 27, 2020 - present • Member of Nomination and Remuneration Committee
Susyanto Commissioner • August 13, 2020 - present • Member of Nomination and Remuneration Committee
• September 8, 2020 - present • Integrated Governance Members
Septian Hario Seto Independent • August 27, 2020 - present • Member of Nomination and Remuneration Committee
Commissioner • September 8, 2020 - present • Member of Risk Monitoring Committee
Annual Report 2020

CRITERIA OF THE BOARD OF 7. Between members of the Board of Commissioners

COMMISSIONERS and between members of the Board of
Commissioners and members of the Board of
Members of the Board of Commissioners shall be obliged Directors are prohibited from having blood relations to
to comply with the Law on Limited Liability Companies, the third degree, either in a straight line or sideways
legislation in the Capital Market and other applicable or in a relationship that arises due to marriage ties
regulations and those related to the Company’s business including in-laws;
activities. 8. In addition to meeting the above criteria, the
appointment of members of the Board of
Based on BNI’s Articles of Association, individuals who can Commissioners is carried out by taking into account
be appointed as members of the Board of Commissioners integrity, dedication, understanding of the company’s
are individuals who meet the requirements upon the management issues related to a management
appointment date and during their tenure: function, having adequate knowledge in the
1. Having good character, morals, and integrity; Company’s line of business, and being able to provide
2. Competent in carrying out legal actions; sufficient time for carry out its duties and other
3. Within 5 (five) years before appointment and during requirements based on statutory regulations.
his tenure:
a. Has not been declared bankrupt;
b. Never become a member of Board of Directors TERMS OF OFFICE OF MEMBERS OF THE
and/or Commissioners that was found guilty in BOARD OF COMMISSIONERS
causing a company to become bankrupt;
c. Never been convicted of any criminal offense that The term of office of the Board of Commissioners is at
is detrimental to a country’s or financial sector’s most 2 (two) consecutive periods, with the following
financial position; and conditions:
d. Never become a member of the Board of • Members of the Board of Commissioners are
Directors and/or Commissioners which during the appointed for a term of office of the date as resolved
terms of office: by the GMS appointing them until the closing of
1) Did not hold an AGMS; the 5th (fifth) Annual GMS after the date of his/her
2) His/her accountability as a member of the appointment, on condition that they do not exceed 5
Board of Directors and/or Commissioners (five) years with regards to the laws and regulations in
was not accepted by the GMS or he/she Capital Market, without prejudice to the right of GMS
did not submit his/her accountability as a to dismiss him/her at any time prior to the end of his/
member of the Board of Directors and/or her terms of office.
Commissioners to the GMS; and • After the end of his/her terms of office, the member
3) Had caused a company that obtained license, of the Board of Commissioners may be reappointed
approval, or registration from the Financial for one term of office.
Services Authority in not complying with its
obligation to submit the annual report and/
or financial report to the Financial Services
Authority.
4. Having a commitment to comply with laws and
regulations;
5. Having knowledge and/or expertise in the fields
required by the Company;
6. Meet other requirements as regulated in applicable
laws and regulations
Annual Report 2020

Corporate
Governance
BOARD OF COMMISSIONERS a resolution, then the appointment as member of the

APPOINTMENT PROCESS Board of Commissioners will be effective starting from
the closing of the GMS. Submission of the proposal of
The appointment process of the candidates of BNI’s Board candidate member of Board of Commissioners to the GMS
of Commissioners is carried out by referring to laws and through Dwiwarna Series A Shareholders is carried out by
regulations stipulating the appointment procedures of observing the recommendations of the Nomination and
members of Board of Commissioners for Bank and SOE Remuneration Committee.
sectors, particularly:
• State-Owned Enterprise Minister Regulations No. The Financial Services Authority Regulation No. 27/
PER-02/MBU/02/2015 dated February 17, 2015, on POJK.03/2016 dated July 22, 2016, on Fit and Proper Test
the Requirements, Procedures for Appointment and for the Main Party of Financial Services Institution, among
Dismissal of Members of Board of Commissioners others, regulates that candidate members of Board of
and Supervisory Board of State-Owned Enterprise; Commissioners, who are included as BNI’s Main Party,
• Financial Services Authority Regulation which is a Financial Services Institution, must obtain
No. 27/POJK.03/2016 dated July 22, 2016, on Fit approval from the Financial Services Authority before
and Proper Test for Main Party of Financial Services carrying out actions, duties, and functions as member
Institution and Circular Letter of Financial Services of the Board of Commissioners. In order to provide
Authority No. 39/SEOJK.03/2016 dated September such approval, the FSA conducts a fit and proper test to
13, 2016 on Fit and Proper Test for for Prospective candidate members of the Board of Commissioners.
Controlling Shareholders, Candidate for Members of
the Board of Directors, and Candidates for Members Members of the Board of Commissioners who have
of the Board of Commissioners of the Bank. passed the fit and proper test without notes and have
• BNI’s Articles of Association governing the obtained approval from the Financial Services Authority
appointment of members of the Board of shall indicate that such members of the Board of
Commissioners. Commissioners have and fulfill the requirements of
integrity, competency, and financial reputation in an
Members of the Board of Commissioners are appointed by adequate manner.
the GMS which are attended and approved by Dwiwarna
Series A Shareholders and the meeting resolutions shall All members of BNI’s Board of Commissioners have
be approved by Dwiwarna Series A Shareholders with due passed the fit and proper test and received FSA approval to
observance to the provisions of the Articles of Association. serve as members of BNI’s Board of Commissioners which
GMS resolutions on appointment of members of Board can be seen in the table below:
of Commissioners also determines the effectiveness of
the appointment. In the event that GMS does not adopt

Name Position Organizer Effective Date Result
Ari Kuncoro 1) President Commissioner/ Financial Services Authority March 14, 2018 Passed
Revrisond Baswir 2) • Commissioner Financial Services Authority • June 24, 2015 Passed
• Independent Commissioner • January 25, 2017
Pataniari Siahaan 2) • Commissioner Financial Services Authority • June 25, 2015 Passed
• Independent Commissioner • January 25, 2017
Joni Swastanto Commissioner Financial Services Authority April 20, 2016 Passed
Ahmad Fikri Assegaf 2)
Independent Commissioner Financial Services Authority July 19, 2017 Passed
Sigit Widyawan Independent Commissioner Financial Services Authority September 7, 2018 Passed
Askolani Commissioner Financial Services Authority December 20, 2019 Passed
Ratih Nurdiati Commissioner Financial Services Authority March 16, 2020 Passed
Notes:
1)
Stop serving as President Commissioner/Independent Commissioner BNI since February 18, 2020
2)
Stop serving as Independent Commissioner BNI since February 20, 2020
Annual Report 2020

Period February 20, 2020 – December 31, 2020

Name Position Organizer Effective Date Result
Agus Dermawan Wintarto President Commissioner/ Financial Services Authority June 17, 2020 Passed
Martowardojo Independent Commissioner
Pradjoto Vice President Commissioner/ Financial Services Authority June 17, 2020 Passed
Joni Swastanto Commissioner Financial Services Authority April 20, 2016 Passed
Sigit Widyawan Independent Commissioner Financial Services Authority September 7, 2018 Passed
Askolani Commissioner Financial Services Authority December 20, 2019 Passed
Ratih Nurdiati Commissioner Financial Services Authority March 16, 2020 Passed
Asmawi Syam Independent Commissioner Financial Services Authority June 17, 2020 Passed
Susyanto Commissioner Financial Services Authority July 27, 2020 Passed
Iman Sugema Independent Commissioner Financial Services Authority August 14, 2020 Passed
Septian Hario Seto Independent Commissioner Financial Services Authority August 14, 2020 Passed
All members of the Board of Commissioners are appointed at the GMS as outlined in the Minutes of the GMS. In detail, the
basic information for the appointment of each member of the Board of Commissioners is as follows:

Name Position Basis of Appointment
Ari Kuncoro President Commissioner/ EO GMS November 2, 2017

Revrisond Baswir • Commissioner • AGMS March 17, 2015
• Independent Commissioner • AGMS March 10, 2016
Pataniari Siahaan • Commissioner • AGMS March 17, 2015
• Independent Commissioner • AGMS March 10, 2016
Joni Swastanto Commissioner AGMS March 10, 2016
Ahmad Fikri Assegaf Independent Commissioner AGMS March 16, 2017
Sigit Widyawan Independent Commissioner AGMS March 20, 2018
Ratih Nurdiati Commissioner AGMS May 13, 2019
Askolani Commissioner EO GMS August 30, 2019
Period February 20, 2020 - December 31, 2020

Name Position Basis of Appointment
Agus Dermawan Wintarto Martowardojo President Commissioner/ AGMS February 20, 2020
Pradjoto Vice President Commissioner/ AGMS February 20, 2020
Joni Swastanto Commissioner AGMS March 10, 2016
Sigit Widyawan Independent Commissioner AGMS March 20, 2018
Askolani Commissioner EO GMS August 30, 2019
Ratih Nurdiati Commissioner AGMS May 13, 2019
Asmawi Syam Independent Commissioner AGMS February 20, 2020
Susyanto Commissioner AGMS February 20, 2020
Iman Sugema Independent Commissioner AGMS February 20, 2020
Septian Hario Seto Independent Commissioner AGMS February 20, 2020
Annual Report 2020

Corporate
Governance
ORIENTATION AND INDUCTION PROGRAM FOR NEW COMMISSIONERS
The orientation and induction program for new commissioners is carried out by handing out documents, presentations or
providing explanations from the Board of Directors, Corporate Secretary, related Divisions or units, which generally include
information/matters pertaining to:
1. Vision, mission, the organizational structure of the bank, business activities and operational network;
2. Annual Report, the Bank’s Work Plan and Budget (RKAP), and the Bank’s Business Plan (RBB), Bank’s Code of Ethics,
BNI’s Corporate Cultures, Boards of Commissioners Manual, Corporate Governance Handbook, and the Articles of
Association.
3. Good Corporate Governance (concurrent positions, share ownership, and independent commissioners);
4. Board of Commissioners and Board of Directors’ duties, authority, and responsibilities, Board of Commissioners’
delegation of authority and limits of authority in conducting supervisory duties on the bank based on the applicable laws
and regulations;
5. Committees under the Board of Commissioners, which are established and directly responsible to the Board of
Commissioners, Secretary of the Board of Commissioners, and Secretariat of the Board of Commissioners, which
facilitates the duties of the Board of Commissioners;
6. Remuneration and facilities provided to members of the Board of Commissioners.
NUMBER AND COMPOSITION OF THE BOARD OF COMMISSIONERS
In the 2020, the number and composition of the Company’s Board of Commissioners underwent 1 (one) change as
explained as follows:
For the Period of January 1, 2020 - February 21, 2020

For the period of January 1, 2020 - February 20, 2020, the Board of Commissioners consists of 8 (eight) members,
consisting of 1 (one) President Commissioner who is also an Independent Commissioner, 4 (four) Independent
Commissioners and 3 (three) Commissioners
Name Position Domicile Appointment Date Effective Date
Ari Kuncoro President Commissioner/Independent Jakarta November 2, 2017 March 14, 2018
Commissioner
Revrisond Baswir • Commissioner Yogyakarta • March 17, 2015 • June 24, 2015
• Independent Commissioner • March 10, 2016 • January 25, 2017
Pataniari Siahaan • Commissioner Jakarta • March 17, 2015 • June 25, 2016
• Independent Commissioner • March 10, 2016 • January 25, 2017
Joni Swastanto Commissioner Jakarta March 10, 2016 April 20, 2016
Ahmad Fikri Assegaf Independent Commissioner Jakarta March 16, 2017 July 19, 2017
Sigit Widyawan Independent Commissioner Jakarta March 20, 2018 September 7, 2018
Askolani Commissioner Jakarta August 30, 2019 December 20, 2019
Ratih Nurdiati Commissioner Jakarta May 13, 2019 March 16, 2020
For the Period of February 20, 2020 - December 31, 2020

For the period of February 20, 2020 - December 31, 2020 The Board of Commissioners consists of 10 (ten) members
consisting of 1 (one) President Commissioner who is also an Independent Commissioner, 1 (one) Deputy President
Commissioner who is also an Independent Commissioner, 4 (four) Independent Commissioners and 4 (four)
Commissioners.
Annual Report 2020

Agus Dermawan Wintarto President Commissioner/Independent Jakarta AGMS February 20, 2020 June 17, 2020
Martowardojo Commissioner
Pradjoto Vice President Commissioner/ Jakarta AGMS February 20, 2020 June 17, 2020
Joni Swastanto Commissioner Jakarta AGMS March 10, 2016 April 20, 2016
Sigit Widyawan Independent Commissioner Jakarta AGMS March 20, 2018 September 7, 2018
Askolani Commissioner Jakarta EO GMS August 30, 2019 December 20, 2019
Ratih Nurdiati Commissioner Jakarta AGMS 13 May 2019 March 16, 2020
Asmawi Syam Independent Commissioner Jakarta AGMS February 20, 2020 June 17, 2020
Susyanto Commissioner Jakarta AGMS February 20, 2020 July 27, 2020
Iman Sugema Independent Commissioner Jakarta AGMS February 20, 2020 August 14, 2020
Septian Hario Seto Independent Commissioner Jakarta AGMS February 20, 2020 August 14, 2020
CONCURRENT POSITIONS OF BOARD OF COMMISSIONERS
The Board of Commissioners does not have concurrent positions that are prohibited based on the applicable laws and
regulations. Board of Commissioners’ concurrent positions that are allowed based on the applicable Laws and Regulations
are executed by the related members of Board of Commissioners by not ignoring the implementation of duties and
responsibilities as members of the Bank’s Board of Commissioners.
Information about the concurrent positions of each member of the Bank’s Board of Commissioners, as of December 31,
2020, are as follows:
Member of the Board Management Board of political

of Directors of State parties and/or candidates/ Other positions in
Other positions that
Owned Enterprises, members of DPR, DPD, DPRD accordance with the
Name can cause a conflict
Regional Owned Level I, and DPRD Level II and/ provisions of laws and
of interest
Enterprises, Private or candidates for regional regulations
Owned Enterprises head/deputy regional head
Agus Dermawan Wintarto No No No No

Martowardojo
Pradjoto No No No No
Joni Swastanto No No No No
Sigit Widyawan No No No No
Askolani No No No No
Ratih Nurdiati No No No No
Asmawi Syam No No No No
Susyanto No No No No
Iman Sugema No No No No
Septian Hario Seto No No No No
MANAGEMENT OF CONFLICT OF INTEREST OF BOARD OF COMMISSIONERS
Conflict of Interest is a condition in which the Bank’s economic interests contradict personal economic interests. Regarding
such matter, members of the Board of Commissioners are obliged to:
1. Prioritize the Bank’s interests and not decrease the Bank’s financial in the event of any conflict of interest;
2. Refrain from making decisions in situations and conditions of conflict of interest;
3. Disclose family relationship, financial relationship, management relationship, ownership relationship with other
members of Board of Commissioners and/or members of Board of Directors and/or the bank’s controlling shareholders
and/or other parties in the framework of the Bank’s business;
Annual Report 2020

Corporate
Governance
4. Disclose decisions that shall be made in a condition well as the joint meeting between the Board of
with conflict of interest. Commissioners and Board of Directors conducted on a
regular basis.
2. Active roles of the Committees under the Board of
SHARE OWNERSHIP OF BOARD OF Commissioners in assisting and supporting the duties
COMMISSIONERS of the Board of Commissioners, among others, are
through the implementation of Committee meetings,
As of the end of 2020, all members of the Board of evaluation, study or review of matters that become
Commissioners do not own shares amounting to 5% or the duties of the Board of Commissioners.
more of the paid-up capital, including types and number of 3. Providing direction and opinion in writing to the Board
shares in BNI, other Banks, Non-Bank Financial Institutions, of Directors as:
and other Companies domiciled inside or outside the a. Follow up on the resolutions of the Board of
country. Commissioners Meeting or the joint meeting of the
Board of Commissioners and the Board of Directors
b. Responses to reports on the implementation of the
IMPLEMENTATION OF DUTIES OF THE Board of Directors duties or requests for approval,
BOARD OF COMMISSIONERS consultations or proposals submitted by the Board of
Directors to the Board of Commissioners, as well as
At the beginning of each year the Board of Commissioners information on strategic and significant issues, based
prepares a Work Plan and Budget (RKA) for the Board on the results of the evaluation and review of the
of Commissioners submitted to the Board of Directors Board of Commissioners on the written report on the
as a guideline in carrying out its duties, authorities and implementation of the Directors’ duties to the Board
responsibilities. of Commissioners.
The preparation of the RKA is as required in: 4. Visiting the BNI work unit, as well as providing
1. SOE Minister of State Regulation No. PER-01/ directives and opinions of the Board of Commissioners
MBU/2011 dated August 1, 2011 concerning the to the Directors based on the results of the Work visit.
in State-Owned Enterprises as amended by State
Minister of State-Owned Enterprises Regulation REALIZATION OF THE BOARD OF
Number PER-09/MBU/2012 dated July 6, 2012 Article COMMISSIONERS SUPERVISION DUTIES
12 paragraph (5) which regulates that the Board of
Commissioners/Supervisory Board must prepare Throughout 2020, the Board of Commissioners has carried
a work plan and annual budget of the Board of out their duties, obligations and responsibilities in order
Commissioners/Supervisory Board which is an integral to supervise the management policies and management
part and RKAP, and of the Bank which are in line with the prevailing laws and
2. Article 17 paragraph (2) of BNI’s Articles of Association regulations, the Bank’s Articles of Association and the
which regulates that the Board of Commissioners Work Plan set at the beginning of the year, which among
must prepare a work program for the Board of others are as follows:
Commissioners that is an inseparable part of the 1. To supervise the Bank’s Business Plan (RBB),
Company’s Annual Work Plan and Budget prepared by including:
the Board of Directors. a. Directing, monitoring and evaluating the
implementation of the Bank’s 2020 strategic
policies, including evaluating the Corporate
MECHANISM OF IMPLEMENTATION OF Plan and RBB as well as the 2020 financial
SUPERVISORY DUTIES OF BOARD OF performance on monthly basis;
COMMISSIONERS b. Supervise efforts to achieve the RBB, particularly
the achievement of several important aspects of
BNI’s Board of Commissioners carries out its functions, a business plan such as lending, improving asset
duties and obligations through the following mechanisms: quality, collecting third party funds, productivity
1. Through Board of Commissioners’ Meetings The and efficiency;
Board of Commissioners’ Meetings that is carried c. Reviewing and approving the revised RBB 2020-
out internally by the Board of Commissioners, or 2022;
by inviting Sectoral Director or Senior Executive
Vice President related to the Meeting agenda, as
Annual Report 2020

d. Evaluating the realization of the RBB which is a. Evaluating the duties of the Board of Directors
reported to the Financial Services Authority every on the implementation of Risk Management
semester and submitting the RBB supervision policies and providing corrective directions for the
report to the Financial Services Authority; implementation of Risk Management policies on
e. Reviewing and approving RBB 2021-2023. a regular basis to ensure that the management of
2. Evaluating the Consolidated Financial Performance of Bank activities and risks has been implemented
BNI on monthly basis and submitting a Performance effectively;
Report to the Ministry of BUMN on a quarterly basis. b. Evaluating BNI Risk Management policies and
3. Reviewing the financial information that will be issued Risk Management strategies;
by the Company. c. Reviewing the Bank Soundness Level per
4. Reviewing the implementation of audits of financial semester and the Risk Profile on a quarterly basis,
statements for the 2019 financial year conducted by as well as periodically evaluate the position and
a Public Accountant Office (KAP) or other external development of BNI risks;
parties. d. Ensuring that Risk Management policies and
5. Performs a supervisory function on the processes are implemented effectively and
implementation of internal control at BNI, including by: are integrated in the overall Risk Management
a. Ensuring the implementation of the internal process;
control system at BNI is running well e. Evaluating and providing direction for
b. Ensure that the Board of Directors has monitored improvement on the implementation of the
the effectiveness of the implementation of the Integrated Risk Management Policy on a regular
Internal Audit Unit (SKAI) or the BNI Internal Audit basis;
Unit f. Giving approval to the Integrated Risk
c. Supervise the implementation of the duties of the Management Policy/Guidelines.
BNI Internal Audit Unit, including: g. Ensuring the implementation of Integrated
• Evaluating the internal control or the BNI Risk Management is in accordance with the
Internal Audit Unit; characteristics and business complexity of
• Reviewing audit plans and implementation the Financial Conglomeration and ensuring
as well as monitoring the follow-up of audit the implementation of Risk Management at
results from the implementation of the BNI each Financial Service Institution within the
Internal Audit Unit duties; BNI Financial Conglomeration to support the
• Ensuring that the Board of Directors implementation of Integrated risk management
has followed up on audit findings and effectively.
recommendations from the BNI Internal 8. Performing a supervisory function on the
Audit Unit, the results of supervision by the implementation of compliance in BNI, among others
Financial Services Authority and/or other by:
supervisory authorities, the findings of the a. Evaluating the compliance function at BNI,
Supreme Audit Agency, external auditors or ensuring that the compliance function at BNI has
the results of audits of public accountants, been implemented properly and providing advice
among others by ensuring the Board of to the Board of Directors to improve the quality of
Directors follow up on audit findings, both in the implementation of the compliance function.
writing and orally; b. Reviewing the compliance function
• Reviewing the key points of the audit results implementation report and the implementation
from the BNI Internal Audit Unit which are of the Compliance Director’s duties which is
reported to the Financial Services Authority submitted by the Board of Directors periodically.
every semester. c. Monitoring the implementation of the Anti-Fraud
6. Supervising, monitor and evaluate the Bank Strategy, the Anti-Money Laundering and Counter-
Soundness Level Semester II-2019 and Semester Terrorism Funding Program (AML-PPT), and Know
I-2020 and support the Board of Directors to take the Your Customer Principles.
necessary steps in order to maintain and/or improve 9. With regard to the implementation of the principles
the Bank Soundness Level. and practices of Good Corporate Governance (GCG):
7. Performing supervisory functions on BNI Risk a. Ensuring the implementation of GCG
Management and Integrated Risk Management, principles and practices at all levels or levels
including: of the BNI organization as well as at Financial
Services Institutions within the BNI Financial
Conglomeration;
Annual Report 2020

Corporate
Governance
b. Supervising the implementation of GCG in the 15. Evaluating the implementation of the duties and
BNI Financial Conglomeration as well as evaluate/ responsibilities of the Sector Directors on a regular
review the Integrated Governance Guidelines for basis including the achievement of the Sector
improvement; Directors’ work plans, particularly those related to
c. Encouraging the improvement of GCG practices strategic and significant issues.
by referring to the prevailing laws and regulations 16. Reviewing the performance of the Financial Institution
as well as international best practices; Pension Fund (DPLK) as the Supervisory Board of the
d. Reviewing the GCG implementation report DPLK.
submitted by the Board of Directors; 17. Performing regular monitoring and evaluation of the
e. Monitoring the results of the GCG self- implementation of BNI’s remuneration policies and
assessment, as well as conducting self- systems, including the remuneration of the Board
assessment of the effectiveness of the of Directors and the Board of Commissioners and
implementation of GCG for the Board of employees.
Commissioners including the Committees under 18. Giving approval regarding matters that must be
the Board of Commissioners every semester approved by the Board of Commissioners based on
as required by the Financial Services Authority the prevailing laws and regulations and the Company’s
Regulation governing the implementation of GCG Articles of Association, including:
for Commercial Banks. a. BNI investment approval;
10. Monitoring and evaluating the performance of the b. Providing credit to related parties;
Subsidiary Companies as well as the Directors’ c. Approval of BNI Organizational Structuring
policies related to creating synergies and d. Approval of the BNI Bank Business Plan for 2021-
strengthening the subsidiary’s business. 2023
11. Evaluating, directing and monitoring strategic plans, e. Approval of the BNI Corporate Plan 2020-2024
implementation of Information Technology and Bank f. Approval of the BNI Recovery Plan Document
policies related to BNI Information Technology. g. Approval of the Management of the BNI
12. Reviewing reports on material case developments Subsidiary
periodically. h. The BNI Sustainable Finance Action Plan (RKAB)
13. Supervising the implementation of prudential document for 2021
principles in the provision of credit facilities by the i. Approval of Company Policies or Guidelines based
Board of Directors, including: on Financial Services Authority Regulations must
a. Overseeing the implementation of the credit and obtain approval from the Board of Commissioners.
financing plan outlined in the RBB. 19. Submitting reports to the Ministry of SOE in the form
b. Providing suggestions and opinions on the of a response from the Board of Commissioners to the
decision of the Board of Directors to provide a BNI performance report every quarter as a follow-up to
certain amount of credit facilities which must be the Letter of the Minister of SOE in 2014 to the Board
consulted with the Board of Commissioners. of Commissioners of BNI that in order to streamline
c. Provide approval for the provision of credit supervision and guidance on the performance of SOE,
facilities to related parties which based on the the Board of Commissioners is asked to express their
applicable laws and regulations must obtain opinions and responses to BNI performance reports
approval from the Board of Commissioners. for the quarterly period.
d. Conduct regular and periodic reviews of 20. Holding Board of Commissioners Meetings, both
developments and follow-up credits in internal meetings of the Board of Commissioners
consultation with the Board of Commissioners. and by inviting members of the Board of Directors or
e. Evaluating and approving credit policies and related Sector Directors as well as meetings of the
strategies in accordance with the obligations Board of Commissioners with the Board of Directors
regulated by the prevailing laws and regulations. regularly to discuss certain aspects, such as aspects
f. Conducting periodic reviews of the development of business, organization, risk management, internal
and quality of the loan portfolio or financing as a control, health level. bank BNI and BNI Risk Profile,
whole, including Non-Performing Loans (NPL). law and compliance, human resources, technology
14. Monitoring and evaluating the development and and others. The Board of Commissioners has
management of Human Resources (HR), especially conducted 57 (fifty-seven) meetings of the Board of
with regard to the strategic function of Human Commissioners along with 15 (fifteen) meetings of the
Resources in supporting the achievement of Bank Board of Commissioners with the Board of Directors.
performance.
Annual Report 2020

21. Visiting Regional Offices or Branch Offices through 18. The appointment of Mr. Anas Puji Istanto as Secretary
media zoom in order to carry out the function of of the Nomination and Remuneration Committee
monitoring. 19. Composition of the Nomination and Remuneration
Committee Members
20. Reappointment of Ms Pasu Donnaria as an
DECISION OF THE BOARD OF Independent Member of the Audit Committee
COMMISSIONERS 21. Adjustment of honorarium for Independent Members
of Committees under the Board of Commissioners
In 2020, the Board of Commissioners of BNI made several 22. Termination/appointment of Ms. Reny Wiriandhani
decisions in order to carry out the functions, duties and as Independent Member of the Nomination and
supervision of the management and management of the Remuneration Committee
Bank as follows: 23. Termination/appointment of Mr. Sigit Widyawan as
1. Appointed Mr. Askolani as Member of the Nomination Chairman of the Audit Committee
and Remuneration Committee 24. The appointment of Mr. Asmawi Syam as Chairman of
2. Inauguration of the termination of the appointment of the Audit Committee
Mr. Ari Kuncoro as Chairman of the Nomination and 25. Termination/appointment of Mr. Sigit Widyawan
Remuneration Committee as Chairman of the Nomination and Remuneration
3. Inauguration of the termination/reappointment of Mr. Committee
Revrisond Baswir as Member of the Nomination and 26. Appointment of Mr. Sigit Widyawan as Member of the
Remuneration Committee Nomination and Remuneration Committee
4. Inauguration of the termination/reappointment of Mr. 27. The appointment of Mr. Agus Dermawan Wintarto
Revrisond Baswir as Chairman of the Risk Monitoring Martowardojo as Chairman of the Nomination and
Committee Remuneration Committee
5. Inauguration of the termination/reappointment of 28. The Commission for Appointment of Mr. Pradjoto
Mr. Revrisond Baswir as Chairman of the Integrated as Member of the Nomination and Remuneration
Governance Committee Committee
6. Inauguration of the termination/reappointment of Mr. 29. Appointment of Mr. Asmawi Syam as Member of the
Pataniari Siahaan as Member of the Nomination and Nomination and Remuneration Committee
Remuneration Committee 30. Appointment of Mr. Pradjoto as Chairman of the Risk
7. Inauguration of the termination/reappointment of Mr. Monitoring Committee
Pataniari Siahaan as Chairman of the Audit Committee 31. The appointment of Mr. Agus Dermawan Wintarto
8. Inauguration of the termination/reappointment of Martowardojo as Chairman of the Integrated
Mr. Ahmad Fikri Assegaf as a member of the Audit Governance Committee
Committee 32. The appointment of Ms. Danni Tri Suryani as an
9. Inauguration of the termination/reappointment of Mr. Independent Member of the Nomination and
Ahmad Fikri Assegaf as Member of the Nomination Remuneration Committee
and Remuneration Committee 33. Termination/appointment of Mr. Irwan Rinaldi
10. Termination/appointment of Mr. Sigit Widyawan as Independent Member of the Risk Monitoring
as Member of the Nomination and Remuneration Committee
Committee 34. Appointment of Mr. Pradjoto as Member of the
11. Termination/appointment of Mr. Sigit Widyawan Integrated Governance Committee
as Chairman of the Nomination and Remuneration 35. Appointment of Mr. Susyanto as Member of the
Committee Nomination and Remuneration Committee
12. Termination/appointment of Mr. Sigit Widyawan as 36. Appointment of Mr. Septian Hario Seto as Member of
Chairman of the Audit Committee the Nomination and Remuneration Committee
13. Termination/appointment of Mr. Sigit Widyawan as 37. Appointment of Mr. Iman Sugema as Member of the
Member of the Risk Monitoring Committee Nomination and Remuneration Committee
14. Appointment of Mr. Askolani as a member of the Risk 38. Appointment of Mr. Sigit Widyawan as Member of the
Monitoring Committee Audit Committee
15. The appointment of Mr. Askolani as a member of the 39. Appointment of Mr. Iman Sugema as member of the
Integrated Governance Committee Audit Committee
16. Appointment of Mr. Sigit Widyawan as Member of the 40. Termination/appointment of Mr. Askolani as Member
Integrated Governance Committee of the Risk Monitoring Committee
17. Appointment of Ms. Ratih Nurdiati as Member of the 41. Termination/appointment of Ms. Ratih Nurdiati as
Nomination and Remuneration Committee Member of the Risk Monitoring Committee
Annual Report 2020

Corporate
Governance
42. Termination/appointment of Mr. Septian Hario Seto as 51. Appointment of Mr. Boyke Wibowo Mukiyat as a
Member of the Risk Monitoring Committee Member of the Integrated Governance Committee
43. Termination/appointment of Mr. Pradjoto as Member 52. Termination/appointment of Ms. Setyowati as
of the Integrated Governance Committee Independent Member of the Integrated Governance
44. Termination/appointment of Mr. Joni Swastanto as Committee
Member of the Integrated Governance Committee 53. Allowances and Facilities for Members of the Board of
45. Termination/appointment of Mr. Sigit Widyawan as Directors & Board of Commissioners
Member of the Integrated Governance Committee 54. Termination/appointment of Mr. Lungguk Gultom as an
46. Appointment of Mr. Susyanto as Member of the Independent member of the Audit Committee.
Integrated Governance Committee
47. Termination/appointment of Mr. Shahjehan Jimmy
Azis as Independent Member of the Risk Monitoring COMPETENCY DEVELOPMENT OF THE
Committee BOARD OF COMMISSIONERS
48. Nomination and Remuneration Committee Charter
49. Integrated Governance Committee Charter The competency development of the Board of
50. Termination/appointment of Mr. Suhendry Hafni as Commissioners can be seen in the discussion section on
Member of the Integrated Governance Committee the Company Profile in this Annual Report.
RISK MANAGEMENT CERTIFICATION
Name Position Certification
Agus Dermawan Wintarto Martowardojo President Commissioner/Independent Level 5

Commissioner
Ari Kuncoro 1) President Commissioner/Independent Level 2
Commissioner
Pradjoto Vice President Commissioner/Independent Level 2
Commissioner
Revrisond Baswir 2) • Commissioner Level 2
• Independent Commissioner
Pataniari Siahaan 2) • Commissioner Level 2
• Independent Commissioner
Joni Swastanto Commissioner Level 1
Ahmad Fikri Assegaf 2)
Independent Commissioner Level 2
Sigit Widyawan Independent Commissioner Level 2
Askolani Commissioner Level 1
Ratih Nurdiati Commissioner Level 1
Asmawi Syam Independent Commissioner Level 5
Susyanto Commissioner Level 1
Iman Sugema Independent Commissioner Level 2
Septian Hario Seto Independent Commissioner Level 2
Notes:
1)
Stop serving as President Commissioner/Independent Commissioner Since February 18, 2020
2)
Stop serving as Independent Commissioner Since February 20, 2020
BOARD OF COMMISSIONERS’ RESIGNATION AND DISMISSAL MECHANISM
The mechanism for dismissal and resignation of the Board of Commissioners is based on BNI’s Articles of Association as
follows:
1. Members of the Board of Commissioners are appointed and dismissed by the GMS, where the GMS is attended by
Dwiwarna Series A shareholders and the Meeting’s resolution shall be approved by Dwiwarna Series A shareholders,
by observing the provisions in the Articles of Association.
2. Members of the Board of Commissioners may at any time be dismissed based on the GMS resolution by stating the
reasons. The reason for dismissal of the related member of the Board of Commissioners is carried out in the event that
Annual Report 2020

it is based on the fact that such member of the Board held accountable as member of the Board of
of Commissioners, among others: Commissioners since the appointment until the
a. Fail to perform the duties properly; approval date of the resignation at the GMS.
b. Violates the provisions of the Articles of 12. The release of the responsibilities of the resigning
Association and/or laws and regulations; member of the Board of Commissioners is given after
c. Engages in action that harms the Company and/or the Annual GMS releases him/her.
State; 13. In the event that a member of Board of
d. Commits an action that violates ethics and/or Commissioners resigns that causes the total number
properness that shall be respected as member of of Board of Commissioners to be less than 3 (three)
the Board of Commissioners; people, then such resignation becomes valid if it has
e. Is found guilty by a Court decision that has had been resolved by GMS and new member of Board of
permanent legal force; or Commissioners has been appointed, therefore, the
f. Resigns. minimum requirements of the number of members of
3. In addition to the aforementioned reasons for the Board of Commissioners is satisfied.
dismissal of member of the Board of Commissioners, 14. The position of a member of the Board of
members of the Board of Commissioners may be Commissioners shall end in the event that:
dismissed by the GMS based on other reasons which a. The resignation has become effective as referred
are deemed appropriate by the GMS for the interests to in point 8 above.
and objectives of the Company. b. Pass away;
4. The decision to dismiss due to reasons as stated c. The term of office ends;
in point 2 letter a, b, c, and d is carried out after the d. Terminated based on the GMS; or
relevant member is given opportunity to defend him/ e. Declared bankrupt by a Commercial Court which
herself in the GMS. already has legal binding force; permanent or
5. Dismissal as referred to in letter c and e is a underguarded based on a court decision;
dishonorable discharge. f. No longer fulfills the requirements as a member
6. Among members of the Board of Commissioners and of the Board of Commissioners based on Articles
among members of the Board of Commissioners and of Association and other laws and regulations.
members of the Board of Directors, there must be 15. Member of the Board of Commissioners who resigns
no blood relationship up to the third degree, either in before or after the term of office ends, unless due
a straight line or sideline, or a marriage relationship/ to death, shall still be responsible for actions whose
family relationship arising from marital ties, including accountability has not been received by the GMS.
son/daughter-in-law or brother/sister-in-law). In the
event of such situation, the GMS has the authority to
dismiss one of them. COMPLETENESS OF ORGANS OF THE
7. A member of the Board of Commissioners has the BOARD OF COMMISSIONERS
right to resign from the position before the term of
office ends by notifying in writing of the intention to In order to support the implementation of its duties, the
the Company. Board of Commissioners is assisted by the Board of
8. The Company must convene a GMS to resolve Commissioners’ organs consisting of Committees under
the resignation request of member of the Board of the Board of Commissioners and the Secretariat of the
Commissioners no longer than 90 (sixty) days after Board of Commissioners.
receiving the resignation letter.
9. The Company must disclose the information to public The establishment and implementation of the Secretariat
and submit to FSA no later than 2 (two) business of the Board of Commissioners and Committees under
days after receiving such resignation request from the the Board of Commissioners are carried out with due
member of the Board of Commissioners as referred observance of the prevailing laws and regulations,
to in point 7 and the results of the GMS convention as including the Financial Services Authority Regulation
referred to in point 8 above. (POJK) and the Regulation of the Minister of State-Owned
10. Before the resignation becomes effective, the relevant Enterprises (BUMN) in particular the Regulation of the
member of Board of Commissioners shall remain State Minister for State-Owned Enterprises No. PER-12/
obligated to complete the duties and responsibilities MBU/2012 dated 24 August 2012 concerning Supporting
in accordance with the Articles of Association and Organs of the Board of Commissioners/Supervisory Board
applicable Laws and Regulations. of State Owned Enterprises, the organs of the Board
11. The member of the Board of Commissioners of Commissioners may consist of the Secretariat of the
who resigns as mentioned above can still be
Annual Report 2020

Corporate
Governance
Board of Commissioners if deemed necessary, the Audit h. Evaluation/assessment of the performance of

Committee and other committees if deemed necessary. Committee members who are from independent parties
i. Termination of Appointment of Committee members
POJK Number 55/POJK.03/2016 dated 7 December j. Resignation of Committee members.
2016 concerning the Implementation of Governance for
Commercial Banks, in order to support the effectiveness Work Mechanism of Committees under the Board of
of the implementation of duties and responsibilities, the Commissioners
Board of Commissioners is required to form at least an Audit In carrying out their duties, the Committees under the Board
Committee, Risk Monitoring Committee and Nomination and of Commissioners are guided by each Committee’s Charter.
Remuneration Committee.
The committees under the Board of Commissioners carry
POJK Number 18/POJK.03/2014 dated 18 November 2014 out their duties in accordance with each Committee’s
regarding the Implementation of Integrated Governance Work Plan Program, which is established at the beginning
for Financial Conglomerates, in order to support the of the year in order to assist the implementation of duties
effectiveness of the implementation of its duties, the Board of the Board of Commissioners, by monitoring, reviewing,
of Commissioners of the Main Entity is obliged to establish and providing advice or recommendations to the Board of
an Integrated Governance Committee. Commissioners on matters relating to the functions and
duties of the related committees through the following
Committees under the Board of mechanism:
Commissioners a. The Committees conduct meetings either internally or
Committees under the Board of Commissioners consist of by inviting related Directors, units and/or divisions and/
the Audit Committee (KA), the Risk Monitoring Committee or related units
(KPR), the Nomination and Remuneration Committee (KNR), b. The Committees conduct a study/evaluation/review as
and the Integrated Governance Committee (TKT). well as discussion/talk outside the meeting forum which
if necessary a discussion is carried out with the related
The Board of Commissioners establishes a guideline that unit or divisions/units.
regulates the procedures for appointment, dismissal, c. The results of a meeting or evaluation/review and
arrangement of duties and honorarium of members of discussion/talk outside the meeting forum are
the Committees under the Board of Commissioners submitted by the Chair of the Committee to the Board
which are continuously refined and updated in accordance of Commissioners as a report either in writing or in a
with developments/amendments in the applicable laws meeting forum of the Board of Commissioners that
regulations and current conditions. The latest update discusses the related agenda.
was made in 2018, which was stipulated in the Decision d. Committees under the Board of Commissioners submit
Letter of the Board of Commissioners No. KEP/002/ the realization report of work programs/activities every
DK/2018 dated February 8, 2018, on “General Provisions quarter to the Board of Commissioners.
for Appointment, Dismissal, Arrangement of Duties, and
Honorarium of Members of Committees Under the Board Explanations and presentations on each Committee are
of Commissioners” which basically includes the following given in separate chapters.
matters:
a. Procedures for Appointment of Committee Members Performance assessment of Committees under the
b. The principal material that needs to be regulated in the Board of Commissioners
work agreement of the committee members who come The Board of Commissioners is assisted by committees
from independent parties with BNI under the Board of Commissioners in carrying out their
c. Concurrent positions that regulate multiple positions duties and responsibilities including the Audit Committee,
which are permitted and which are prohibited for the Nomination and Remuneration Committee, the Risk
members of the Committee based on the applicable Monitoring Committee and the Integrated Governance
laws and regulations Committee. In 2020, the Board of Commissioners
d. The period of appointment/term of office of committee considered that the committees had carried out their
members functions, duties and responsibilities as evident from:
e. Division of duties and scope of duties of the Committee • The achievement of all Committees’ Work Plans/
f. Committee members’ obligation to attend to the Programs that have been set in early 2020, and
Company • Implementation of Committee Meetings and the
g. Honorarium for Committee members who are from attendance of Committee members.
independent parties
Annual Report 2020

The programs/work plans of the committees are carried and work procedures that apply to independent committee
out through the mechanism of committee meetings, members under the Board of Commissioners.
including by inviting the relevant Directorates or divisions/
work units, and conducting in-depth reviews/evaluations The results of the evaluation and assessment referred
by each committee outside the meeting forum, and the to are submitted as recommendations to the Board
results of which are delivered in writing to the Board of of Commissioners to extend or continue or end the
Commissioners. appointment of the relevant committee members to the
Company.
The Audit Committee has carried out its functions, duties
and responsibilities including reviewing the financial The Committee’s evaluation under the Board of
information to be released by the Bank to the public and/ Commissioners is carried out for Committee members from
or the Authority. The Audit Committee also reviews Independent Parties (not the Board of Commissioners). The
compliance with laws and regulations relating to the Bank’s assessment factors are:
activities, and evaluates the effectiveness of conducting 1. Tasks according to Committee Charter (25%)
audits/services provided by the Public Accounting 2. Competence and Skill (30%)
Firm (KAP), including examining the independence and 3. Output quality (30%)
objectivity of KAP. 4. Attendance rate (15%)
The Nomination and Remuneration Committee has Mandatory attendance of Committee members who
also carried out its functions, duties and oversight Comes from Independent Party
responsibilities for the implementation of the nomination Committee members who come from outside the company
and remuneration policy at every level of the organization, (independent members) have the obligation to regularly
starting from the Board of Commissioners, Directors and attend on the working days and office hours according to the
employees in accordance with applicable regulations. days, number of days, and schedules set by the Board of
Commissioners and/or the committee chair, among others,
The Risk Monitoring Committee has supported the to attend Committee Meetings and carry out other duties,
Board of Commissioners in carrying out their duties and and must fill the attendance list at the Company in order to
responsibilities related to the implementation of risk carry out duties other than attending committee meetings.
management in the Bank. Meanwhile, the Integrated If necessary, at the request of the Board of Commissioners
Corporate Governance Committee oversees the and/or committee chair, Committee members who are from
consistency and sustainability of the implementation of outside the company must also attend at the company or at
integrated corporate governance in all groups of the Bank’s Board of Commissioners’ Meetings or committee meetings,
financial conglomerates. or at activities that must be attended by the Board of
Commissioners in accordance with the requirements outside
Based on the realization of the completion of all programs/ the frequency and such routine attendance schedule.
work plans, frequency, level of attendance of meetings
and reports on the implementation of the activities of the Explanations and exposures regarding each Committee
committees under the Board of Commissioners, namely are submitted in a separate sub-chapter in the Corporate
the Audit Committee, the Nomination and Remuneration Governance Section of this Annual Report.
Committee, the Risk Monitoring Committee and the
Integrated Governance Committee, it can be concluded Secretariat of the Board of Commissioners
that each of the committee has carried out its duties well. The Secretariat of the Board of Commissioners is led by
a Secretary who is from outside the company assisted by
Assessment of Performance or evaluation of the Secretariat staff of the Board of Commissioners. The
Independent members of the Committees implementation of functions and duties of the Secretariat of
The committee chairperson evaluates the performance the Board of Commissioners and the Secretary of the Board
of committee members who come from independent of Commissioners is guided by SOE Minister Regulation
parties every 6 (six) months and at any time. Evaluation of that regulates the Supporting Organs of the Board of
Performance Appraisal Indicators, including but not limited Commissioners/Board of Supervisors of State-Owned
to competence and expertise, output quality, discipline Enterprises.
and attendance of the relevant committee members in
the company, as well as the implementation of duties and Explanations and exposures of the Secretariat of the
obligations in accordance with the committee’s charter Board of Commissioners and the Secretary of the Board of
Commissioners are presented in a separate sub-chapter.
Annual Report 2020

Corporate
Governance
CRITERIA AND THE NUMBER OF 2. Financial Services Authority Regulation (POJK) No.
INDEPENDENT COMMISSIONER 33/POJK.04/2014 dated December 8, 2014, Article
1 paragraph (4) and Article 21 paragraph 2 regulating
BNI has Independent Commissioner has complied with that:
the provisions of Financial Services Authority No. 55/ a. Independent Commissioner is a member of the
POJK.03/2016 dated December 7, 2016 on Governance Board of Commissioners from outside the issuer
Implementation for Commercial Banks, regulating that or public company and fulfill the requirements as
the Independent Commissioner at the commercial bank an Independent Commissioner as referred to in
must be 50% (fifty percent) of the total members of POJK.
Board of Commissioners. The composition of BNI’s b. Independent Commissioner must meet the
Commissioners per December 31, 2020, amounted to 10 following requirements:
(ten) persons consisting of 1 (one) President Commissioner - Not a person who works or has the authority
concurrently as Independent Commissioner, 1 (one) Vice and responsibility to plan, lead, control, or
President Commissioner concurrently as Independent supervise activities of the Issuer or Public
Commissioners and 4 (four) Independent Commissioners Company within the last 6 (six) months,
and 4 (four) Commissioners. Therefore, the composition except for re-appointment as an Independent
of BNI’s Independent Commissioners is more than 50% Commissioner of Issuer or Public Company in
of the total members of the Board of Commissioners. The the next period;
number has complied with the Financial Services Authority. - Does not have shares either directly or
indirectly with the Issuer or Public Company;
The determination of BNI’s Independent Commissioner - Has no Affiliation relationship with the Issuer
is carried out by observing and following the provisions or Public Company, members of the Board
governing the requirements and criteria of the Independent of Commissioners, members of the Board
Commissioner in the applicable Laws and Regulations of Directors, or the main shareholders of the
particularly: Issuer or Public Company; and
1. The Circular Letter of Financial Services Authority - Does not have a business relationship either
No.13/SEOJK.03/2017 dated March 17, 2017 on directly or indirectly that is related to the
Governance Implementation for Commercial Banks, business activities of the Issuer or Public
which stipulates that Independent Commissioners are Company.
members of the Board of Commissioners who do not 3. Article 120 paragraph (1) and paragraph (2) of the Law
have financial relationship, management relationship, on Limited Liability Company which states that:
ownership relationship, and/or family relationship with a. The Articles of Association of the Bank can
members of the Board of Directors, other members regulate the presence of 1 (one) Independent
of the Board of Commissioners, and/or controlling Commissioner and 1 (one) delegated
shareholders, or relationship with the Bank that can commissioner.
affect the ability to act independently. The definition of b. Independent Commissioner is appointed based
having financial relationship, management relationship, on GMS resolutions decision from parties with
ownership relationship, and/or family relationship with main shareholders, members of the Board of
members of the Board of Directors, other members Directors, and/or other members of the Board of
of the Board of Commissioners, and/or controlling Commissioners.
shareholders, or relationship with a bank that the 4. Article 8 of Bank Indonesia Regulation No. 11/19/
ability to act independently is guided by the applicable PBI/2009 dated June 4, 2009, on Risk Management
Laws and Regulations, particularly the Circular Letter Certification for Managers and Commercial Banks
of Financial Services Authority on the Implementation as amended by Bank Indonesia Regulation No. 12/7/
of Governance for Commercial Banks. PBI/2010 dated April 19, 2010, stating that each
Independent Commissioner must have Level 2 Risk
Management Certificate.
Annual Report 2020

STATEMENT OF INDEPENDENT COMMISSIONERS
Each of the Bank’s Independent Commissioner has made an Independent Statement Letter, which has been submitted to
the FSA as one of the requirements of the fit and proper test at the FSA.
During 2020, the Independent Commissioner is as follows:
SURAT PERNYATAAN CALON KOMISARIS INDEPENDEN SURAT PERNYATAAN CALON KOMISARIS INDEPENDEN
Saya yang bertanda tangan di bawah ini : Saya yang bertanda tangan di bawah ini :
Nama : Agus D. W. Martowardojo Nama : Pradjoto
Jabatan : Calon Komisaris Utama/ Komisaris Independen PT Bank Negara Jabatan : Calon Wakil Komisaris Utama/ Komisaris Independen
Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank atau 1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank atau
Pemegang Saham Pengendali; Pemegang Saham Pengendali;
2. Menyatakan bahwa saya tidak memiliki hubungan keuangan, kepengurusan, 2. Menyatakan bahwa saya tidak memiliki hubungan keuangan, kepengurusan,
kepemilikan saham dan/atau hubungan keluarga dengan anggota Dewan Komisaris kepemilikan saham dan/atau hubungan keluarga dengan anggota Dewan Komisaris
lainnya, anggota Direksi dan/atau pemegang saham pengendali atau hubungan lain lainnya, anggota Direksi dan/atau pemegang saham pengendali atau hubungan lain
yang dapat mempengaruhi kemampuan saya untuk bertindak independen. yang dapat mempengaruhi kemampuan saya untuk bertindak independen.
Mengetahui, Jakarta, 8 April 2020 Mengetahui, Jakarta, 8 April 2020
Putrama Wahju Setyawan Agus D. W. Martowardojo

Direktur Putrama Wahju Setyawan Pradjoto
Direktur
SURAT PERNYATAAN CALON KOMISARIS INDEPENDEN
Saya yang bertanda tangan di bawah ini :
Nama : Sigit Widyawan

Jabatan : Calon Komisaris Independen
PT Bank Negara Indonesia (Persero) Tbk
1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank atau
Pemegang Saham Pengendali;
2. Menyatakan bahwa saya tidak memiliki hubungan keuangan, kepengurusan,

kepemilikan saham dan/atau hubungan keluarga dengan anggota Dewan Komisaris
lainnya, anggota Direksi dan/atau pemegang saham pengendali atau hubungan lain
yang dapat mempengaruhi kemampuan saya untuk bertindak independen.
Mengetahui, Jakarta, 25 Juni 2018
Achmad Baiquini Sigit Widyawan

Direktur Utama
Annual Report 2020

Corporate
Governance
Saya yang bertanda tangan di bawah ini : Saya yang bertanda tangan di bawah ini :
Nama : Septian Hario Seto Nama : Iman Sugema
Jabatan : Calon Komisaris Independen Jabatan : Calon Komisaris Independen

PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank atau 1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank atau
Pemegang Saham Pengendali; Pemegang Saham Pengendali;
kepemilikan saham dan/atau hubungan keluarga dengan anggota Dewan Komisaris kepemilikan saham dan/atau hubungan keluarga dengan anggota Dewan Komisaris
lainnya, anggota Direksi dan/atau pemegang saham pengendali atau hubungan lain lainnya, anggota Direksi dan/atau pemegang saham pengendali atau hubungan lain
yang dapat mempengaruhi kemampuan saya untuk bertindak independen. yang dapat mempengaruhi kemampuan saya untuk bertindak independen.
Mengetahui, Jakarta, 5 Mei 2020 Mengetahui, Jakarta, 26 Juni 2020
Putrama Wahju Setyawan Septian Hario Seto Putrama Wahju Setyawan Iman Sugema
Direktur Direktur

Saya yang bertandatangan di bawah ini:
Nama : Revrisond Baswir
Saya yang bertandatangan di bawah ini: Jabatan : Calon Anggota Dewan Komisaris Independen
Nama : Ari Kuncoro Berkenaan dengan peralihan jabatan saya dari Komisaris menjadi Komisaris
Independen PT. Bank Negara Indonesia (Persero) Tbk berdasarkan keputusan Rapat
Jabatan : Calon Komisaris Utama/Komisaris Independen PT Bank Negara Umum Pemegang Saham Tahunan BNI tanggal 10 Maret 2016, saya
Indonesia (Persero) Tbk menyatakan bersedia untuk mengundurkan diri sebagai anggota Komite
Kebijakan Publik Kementerian Badan Usaha Milik Negara apabila peralihan jabatan
1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank tersebut disetujui oleh Otoritas Jasa Keuangan.
atau Pemegang Saham Pengendali (PSP);
1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank
2. Menyatakan bahwa saya tidak memiliki hubungan keuangan, kepengurusan, atau Pemegang Saham Pengendali (PSP);
kepemilikan saham, dan/atau hubungan keluarga dengan anggota Dewan Komisaris 2. Menyatakan bahwa saya tidak memiliki hubungan keuangan, kepengurusan,
lainnya, anggota Direksi dan/atau PSP, atau hubungan lain yang dapat kepemilikan saham, dan/atau hubungan keluarga dengan anggota Dewan Komisaris
mempengaruhi kemampuan saya untuk bertindak independen. lainnya, anggota Direksi dan/atau PSP, atau hubungan lain yang dapat
mempengaruhi kemampuan saya untuk bertindak independen.
Demikian surat pernyataan ini saya buat dengan sebenar-benarnya.
Demikian surat pernyataan ini saya buat dengan sebenar-benarnya.
Mengetahui, Jakarta, 7 November 2017
Yogjakarta, 28 April 2016

Achmad Baiquni Ari Kuncoro
Direktur Utama
Revrisond Baswir
Saya yang bertandatangan di bawah ini: Saya yang bertandatangan di bawah ini:
Nama : Pataniari Siahaan Nama : Ahmad Fikri Assegaf
Jabatan : Calon Komisaris Independen PT Bank Negara Indonesia (Persero) Tbk Jabatan : Calon Komisaris Independen PT Bank Negara Indonesia (Persero) Tbk
1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank 1. Menyatakan bahwa saya merupakan pihak yang independen terhadap pemilik bank
atau Pemegang Saham Pengendali (PSP); atau Pemegang Saham Pengendali (PSP);
kepemilikan saham, dan/atau hubungan keluarga dengan anggota Dewan Komisaris kepemilikan saham, dan/atau hubungan keluarga dengan anggota Dewan Komisaris
lainnya, anggota Direksi dan/atau PSP, atau hubungan lain yang dapat lainnya, anggota Direksi dan/atau PSP, atau hubungan lain yang dapat
mempengaruhi kemampuan saya untuk bertindak independen. mempengaruhi kemampuan saya untuk bertindak independen.
Demikian surat pernyataan ini saya buat dengan sebenar-benarnya. Demikian surat pernyataan ini saya buat dengan sebenar-benarnya.
Mengetahui Jakarta, 28 November 2016 Jakarta, 6 April 2017

Achmad Baiquni Pataniari Siahaan Ahmad Fikri Assegaf

Direktur Utama
Annual Report 2020

Board of Directors
The Board of Directors is the Corporate Governance Establishment of Committees under the Board of
organ that is authorized and fully responsible for the Directors, Board of Directors Meetings and Joint Meetings
management of BNI and for the interest of BNI, in of the Board of Commissioners, Time The Work of the
accordance with the purposes and objectives of the Board of Directors, Company Values, Work Ethics of
Company and represents the Company, both inside and the Board of Directors, Transparency, and Reporting and
outside the court in accordance with the provisions of the Responsibility.
Articles of Association
In addition to issues related to the work rules set out
In carrying out their duties and obligations, the Board above, several key points of the Board of Directors
of Directors is obliged to devote their full energy, mind, work guidelines set out in the Board of Directors Work
attention and dedication to the duties, obligations and Guidelines and Procedures are described in the following
achievement of BNI’s goals. In addition, members of discussion below.
the Board of Directors must comply with the Articles of
Association of the Company and laws and regulations DUTIES AND RESPONSIBILITIES OF THE
and must implement the principles of professionalism, BOARD OF DIRECTORS
efficiency, transparency, independence, accountability,
responsibility and fairness. Each member of the Board of The Board of Directors is tasked with carrying out all
Directors must carry out their duties and responsibilities in activities related to the management of and is responsible
good faith, with full responsibility and prudently, with due for the management of BNI and for the benefit of the
observance of the prevailing laws and regulations. Company in accordance with the aims and objectives of
the Company and representing the Company both inside
LEGAL BASIS and outside the court regarding all matters and events
with restrictions as stipulated in the laws and regulations.
Pursuant to Law No. 40 of 2007 concerning Limited invitation, Articles of Association and/or Resolution of the
Liability Companies and the Financial Services Authority GMS.
Regulation No. 33/POJK.04/2014 regarding the Board of
Directors and Board of Commissioners of Issuers or Public SCOPE OF WORK, RESPONSIBILITY, AND
Companies, the Board of Directors is authorized and fully AUTHORITY OF EACH DIRECTORS
responsible for the Company and represents the Company,
both inside and outside the court in accordance with the The division of duties and authority of the Board of
provisions of the Articles of Association. Directors, or in this case the nomenclature of the Board of
Directors, is amended and stipulated in the 2019 Annual
GUIDELINES AND WORK CONDUCT OF GMS held on February 20, 2020 and the Extraordinary
THE BOARD OF DIRECTORS GMS of 2020 held on September 2, 2020, while the
division of duties or sectors of each Board of Directors
Similar to the Board of Commissioners Charter, in order to is determined based on the Board of Directors’ Decree
improve the Code of Conduct for the Board of Directors regarding the Organizational Structure of the Board of
and as an effort to implement GCG practices at BNI, an Directors of BNI.
improvement has been made to the Board of Directors
Charter. The Board of Directors Charter has been approved In carrying out his duties and responsibilities, the Field
through the Decree of the BNI Directors No. KP/228/DIR/R Director has full authority over the SEVP or the work unit
dated 29 June 2018 so that the Decree of the Board of he manages and is authorized to act for and on behalf of
Directors No. KP/150/DIR/R dated 11 April 2016 is revoked the Board of Directors, as long as they do not deviate from:
and declared invalid. 1. Resolutions of the General Meeting of Shareholders.
2. The Company’s Articles of Association.
The Board of Directors Charter regulates, among others, 3. Corporate Plan.
the Legal Basis, Structure, Requirements, Duties, 4. The Board of Directors General Policy (KUD), and
Authorities and Responsibilities of the Board of Directors, 5. The Board of Directors specific policies as stipulated in
Appointment and Dismissal of Members of the Board the Board of Directors Meeting or in the Decree of the
of Directors, Term of Office of the Board of Directors, Board of Directors or in other written form.
Annual Report 2020

Corporate
Governance
Distribution of Duties and Authorities of the Board of Directors for the period
January 1, 2020 - February 20, 2020
No. Name Position Sector
1. Achmad Baiquni President Director • Internal Audit Unit

• Corporate Communication & Secretarial Division
2. Herry Sidharta Vice President Director • Subsidiary Development Division Supervision of SEVP
Loan Rescue & Settlement, in charge of:
• Corporate Loan Rescue & Settlement Division
• Medium & Small Business Credit Rescue & Settlement
Division
3. Ario Bimo Managing Director Finance • Strategic Planning Division
• Budgeting & Financial Control Division
• Asset Management & Procurement Division
• Data Management Division
4. Putrama Wahju Setyawan Managing Director Corporate Banking • Corporate & Multinational Business Division 1
• Corporate & Multinational Business Division 2
• Value Chain Management Unit
5. Anggoro Eko Cahyo Managing Director Consumer Banking • Consumer Product Management Division
• Consumer Sales Division
• Card Business Division
• E-Banking Division
• Marketing Communication Division
• Wealth Management Division
6. Tambok P. Setyawati Managing Director Micro, Small and • Medium Business Division
Medium Enterprises (MSME) and • Small Business Division 1
Network • Small Business Division 2 As well as supervising the
SEVP Network, which in charge of:
• Network Management Division
• Customer Service Center Unit
7. Rico Budidarmo Managing Director Risk Management • Bank’s Risk Management Division
• Corporate Credit Risk Division
• Medium and Small Business Credit Risk Division
• Credit Administration Division
• Consumer Credit Processing & Billing Division
8. Endang Hidayatullah Managing Director Human Capital and • Compliance Division
Compliance • Legal Division
• Human Capital Management Division
• Policy Governance Division
• BNI Corporate University
9. Dadang Setiabudi Managing Director Information • Information Technology Solutions & Security Division
Technology & Operations • Information Technology Operations Division
• Operations Division
• Digital Operations Division
• Information Security Unit
10. Bob Tyasika Ananta Managing Director Treasury and • Treasury Division
International • International Division
• Financial Institution Pension Fund Unit
• Investment Banking Division
11. Adi Sulistyowati Managing Director Institutional • Institutional Relations Division
Relations • Transactional Banking Services Division
• Division of BUMN & Government Institutions
Annual Report 2020

Board of Directors
In carrying out its duties and responsibilities, the Board of Directors supervises SEVP in charge of the following sectors:
1. A.A.G. Agung Dharmawan SEVP Remedial and Recovery Corporate Credit Rescue and Settlement Division
Middle & Small Business Credit Rescue and Settlement
Division
2. Ronny Venir SEVP Network Network Management Division
Customer Service Center Unit
The Annual GMS for the 2019 Fiscal Year which was held on February 20, 2020 has resolved to amend the nomenclature of
the Board of Directors as follows:
Changes in the Nomenclature of the Board of Directors

No. Previous Nomenclature Current Nomenclature
1. Managing Director Micro, Small, and Medium Enterprises Director of Micro, Small and Medium Enterprises (MSME)
(UMKM) and Network
2. Director of Services and Networks
Furthermore, referring to the nomenclature, the GMS approved the transfer of assignment of members of the Board of
Directors, as follows:
Transfer of Assignment of Members of the BOD

No. Name Previous Nomenclature Current Nomenclature
1. Putrama Wahju Setyawan Managing Director Corporate Treasury and International Director
Banking
2. Tambok P. Setyawati Managing Director Micro, Small Director of Micro, Small and Medium Enterprises (MSME)
and Medium Enterprises (MSME)
and Network
The term of office continues the remaining term of office of each Director in accordance with the decision of the GMS of
the appointment of the said Director.
With the change in the nomenclature of positions and transfer of positions of members of the Board of Directors, the
composition of the division of duties and authorities of the Board of Directors is as follows:
February 20, 2020 - September 2, 2020
1. Herry Sidharta President Director • Internal Audit Unit

2. Anggoro Eko Cahyo Vice President Director Subsidiary Development Division
3. Benny Yoslim Managing Director Corporate Banking • Corporate & Multinational Business Division 1
• Syndication & Corporate Solutions Division
4. Corina Leyla Karnalies Managing Director Consumer Banking • Consumer Product Management Division
• E-Banking Division
5. Tambok P. Setyawati Managing Director Micro, Small and • Medium Business Division
Medium Enterprises (UMKM) • Small Business Division 1
• Small Business Division 2
6. Putrama Wahju Setyawan Managing Director Treasury and • Treasury Division
International • International Division
• Financial Institution Pension Fund Unit
• Investment Banking Division
Annual Report 2020

Corporate
Governance
7. Sigit Prastowo Managing Director Finance • Strategic Planning Division

• Budgeting & Financial Control Division
• Data Management & Analitycs Division
8. Osbal Saragi Rumahorbo Managing Director Risk Management • Bank’s Risk Management Division
• Medium and Small Business Credit Risk Division
• Credit Administration Division
9. YB Hariantono Managing Director Information • Information Technology Solutions Division
Technology and Operations • Information Technology Operations Division
• Operations Division
• Digital Operations Division
10. Bob Tyasika Ananta Managing Director Human Capital and • Policy Governance Division
Compliance • Compliance Division
• Legal Division
11. Sis Apik Wijayanto Managing Director Institutional • Institutional Relations Division
Relations • Transactional Banking Services Division
• Division of BUMN & Government Institutions
12. Adi Sulistyowati Managing Director Services and • Network Management Division
Networks • Sales Division
• Quality of Service Unit
The Extraordinary GMS of 2020 which was held on September 2, 2020 resolved to change the composition and assignment
of members of the Board of Directors, namely as follows:
EGMS 2020
Dismissal Appointment
Herry Sidharta as President Director Royke Tumilaar as President Director

Anggoro Eko Cahyo as Vice President Director Novita Widya Anggraini as Managing Director Finance
Sigit Prastowo as Managing Director Finance Silvano W. Rumantir as Managing Director Corporate Banking
Benny Yoslim as Managing Director Corporate Banking David Pirzada as Managing Director Risk Management
Osbal Saragi Rumahorbo as Managing Director Risk Management Muhammad Iqbal as Managing Director MSME
Tambok P. Setyawati as Managing Director MSME Ronny Venir as Managing Director Network and Services
Putrama Wahju Setyawan as Managing Director Treasury & Henry Panjaitan as Managing Director Treasury & International
International
Then determine the changes in the nomenclature of the Board of Directors as follows:
Changes in the Nomenclature of the Board of Directors

No. Previous Current
1. Managing Director Corporate Business Managing Director Corporate Banking
Transferred the assignments to the names below as members of the Board of Directors as follows:
Transfer of Assignment of Members of the Board of Directors

No. Name Previous Current
1. Adi Sulistyowati Managing Director Network & Vice President Director

Services
Notes:
With the Position period, the remaining terms of office is carried out in accordance with the Resolution of the AGM of the appointment concerned.
Annual Report 2020

Board of Directors
With the dismissal, appointment and transfer of duties of the members of the Board of Directors, the division of duties and
powers of the Board of Directors is as follows:
September 2, 2020 - present
1. Royke Tumilaar President Director • Internal Audit Unit

• Strategic Planning Division
2. Adi Sulistyowati Vice President Director Policy Governance Division
3. Corina Leyla Karnalies Managing Director Consumer Banking • Consumer Product Management Division
4. Novita Widya Anggraini Managing Director Finance • Budgeting & Financial Control Division
• Data Management & Analitycs Division
• Subsidiary Development Division
5. YB Hariantono Managing Director Information • Information Technology Solutions Division
Technology and Operations • Information Technology Operations Division
6. Bob Tyasika Ananta Managing Director Human Capital and • Compliance Division
Compliance • Legal Division
7. Silvano W. Rumantir Managing DirectorCorporate Banking • Corporate & Multinational Business Division 1
• Syndication & Corporate Solutions Division
8. David Pirzada Managing Director Risk Management • Bank’s Risk Management Division
• Medium & Small Business Credit Risk Division
• Anti Fraud Unit
9. Sis Apik Wijayanto Managing Director Institutional • Division of Institutional Relations
Relations • Division of BUMN & Government Institutions
• Value Chain Management Unit
10. Ronny Venir Managing Director Network and • Network Management Division
Services • Sales Division
• Quality of Service Unit
• Region 01 - 17
• Business Optimization
11. Muhammad Iqbal Managing Director SME • Medium Business Division
12. Henry Panjaitan Managing Director Treasury and International Division
International
BOARD OF DIRECTORS AUTHORITY
In performing its duties, the Board of Directors has the authority to:
1. Establish policies deemed appropriate in the management of the Company;
2. Arrange the transfer of power of the Board of Directors to represent the Company inside and outside the court to a
person or several persons who are specifically designated for such reason including the Company’s employee, either
individually or jointly, and/or other entity;
3. Manage provisions on the Company’s employment affairs including determining salary, retirement, pension plan, and
other income for the Company’s employees based on the applicable laws and regulations;
4. Appoint, reward or sanction and dismiss the Company’s employees based on the Company’s employment regulations
and applicable laws and regulations;
Annual Report 2020

Corporate
Governance
5. Forming the function of the Corporate Secretary 6. Deliver the Annual Report after being reviewed by the
(Corporate Secretary); Board of Commissioners within a maximum period of
6. Write off bad debts based on provisions stipulated in 5 (five) months after the Company’s fiscal year ends to
the Articles of Association and subsequently report the GMS for approval and ratification;
them to the Board of Commissioners, which shall 7. Provide explanation to the GMS on the Annual Report;
subsequently be reported and accounted for in the 8. Deliver the Balance Sheet and Income Statement
Annual Report; that has been approved by the GMS to the Minister
7. No longer collect interest receivables, fines, fees, in charge of Law in accordance with the provisions of
and other receivables other than the principal that laws and regulations;
is carried out in the framework of restructuring and/ 9. Prepare other reports mandated by the provisions of
or settlement of receivables and other actions in laws and regulations;
order to settle the Company’s receivables, with the 10. Maintain Shareholders Register, Special Register,
obligation to report to the Board of Commissioners, in GMS Minutes, Minutes of Board of Commissioners’
which the provisions and procedures for reporting are Meeting, and Minutes of Board of Directors’ Meeting,
determined by the Board of Commissioners. Annual Report, and Company’s financial documents
8. Implementing consolidated risk management through as referred to in point 4 and point 5 above, and other
assessment of bank soundness and preparation of risk Company’s documents.
profile reports both individually and on a consolidated 11. Maintain the following matters in the Company’s
basis. domicile: Shareholders Register, Special Register,
9. Perform any actions and other activities regarding the GMS Minutes, Minutes of Board of Commissioners’
management or ownership of the Company’s assets, Meeting, and Minutes of Board of Directors’ Meeting,
bind the Company to other parties and/or other parties Annual Report, and Company’s financial documents as
to the Company, as well as represent the Company well as other Company’s documents;
inside or outside court in all matters and occurrences 12. Procure and maintain the Company’s bookkeeping
with limitations as stipulated under the laws and and administration according to norms applicable to a
regulations, the Articles of Association, and/or GMS company;
Resolutions. 13. Prepare an accounting system in accordance with
the Financial Accounting Standards and based on the
principles of internal control, especially the functions
BOARD OF DIRECTORS’ OBLIGATIONS of handling, recording, storing, and supervising;
14. Provide periodic reports in the manner and time in
The Board of Directors has the obligation to: accordance with the applicable provisions, as well
1. Promote and ensure the implementation of the as other reports anytime at the request of the Board
Company’s business and activities in accordance with of Commissioners and/or Shareholders of Dwiwarna
its purposes and objectives as well as its business Series A; by observing the laws and regulations
activities; particularly the regulations in Capital Market sector;
2. Establish in time the Company’s Long-Term Plan, the 15. Prepare the Company’s organizational structure
Company’s Annual Work Plan and Budget, and other complete with the details and duties;
work plans, and their amendments to be submitted to 16. Provide explanation on all matters questioned
the Board of Commissioners for approval. or requested by members of the Board of
3. Prepare the Shareholders Register, Special Register, Commissioners and Shareholders of Dwiwarna Series
GMS Minutes, and Minutes of the Board of Directors’ A, by observing the laws and regulations particularly in
meetings. Capital Market sector.
4. Prepare Annual Report, which among others contains 17. Implementing the information disclosure, transparency
the Financial Statements, as a form of accountability of financial and non-financial conditions, information
of the Company’s management as well as the regarding BNI products and use of customer data to
Company’s financial documents as referred to in Law stakeholders;
on Company Documents; 18. Report to regulators the ownership and any changes in
5. Prepare Financial Statements in point 4 above based ownership of Public Company shares, either directly or
on the Financial Accounting Standards and submit indirectly; and
them to Public Accountant to be audited; 19. Prepare and submit a Sustainable Finance Action Plan
and Sustainability Report as the Company’s support to
create sustainable economic growth.
Annual Report 2020

Board of Directors
DIRECTOR IN CHARGE OF COMPLIANCE • Finance and accounting

FUNCTION • Logistic and goods or services procurement
• Information technology, and
As the complexity of the Bank’s business activities as a • Internal audit.
bank and a public company increases, mitigation of risks 3. Replacing Director who is in charge of compliance
that may be faced by the Bank is needed. To mitigate the function:
risk of such business activities, various preventive (ex-ante) • In the event that the Director in charge of
and curative (expost) efforts are necessary. As part of Compliance function cannot carry out the office
preventive (ex-ante) efforts, the Bank always adheres to duties for more than 7 (seven) consecutive
various applicable banking rules to reduce or minimize the business days, the implementation of the relevant
risk of the bank’s business activities. duties must be temporarily replaced by another
Director until the Director in charge of Compliance
In this regard, the Board of Directors has an obligation function can carry out the duties again.
to grow and realize the implementation of Compliance • In the event that the Director in charge of
Culture at all organizational levels and the Bank’s business Compliance function is unable to remain in duty,
activities. resigns, or finishes the term of office, the Bank
must immediately appoint a replacement Director
In order to enforce the Bank’s compliance function, in charge of Compliance function no later than
the Bank has a Director in charge of compliance 6 (six) months after the Director in charge of
function, in which its function is guided by the Financial Compliance function is unable to remain in duty,
Services Authority Regulation No. 46/POJK.03/2017 on resigns, or finishes the term of office.
Implementation of Compliance Function of Commercial • During the process of replacing the Director in
Bank and Board of Directors Work Conduct charge of Compliance function, the Bank must
appoint or assign one of the other Directors to
Requirements for Director In Charge of temporarily carry out the duties of the Director
Compliance Function charge of Compliance function.
In relation to its function, the candidate for Director in • The Director who carries out the temporary
charge of compliance function shall fulfill the following assignment as the Director in charge of
requirements: Compliance function must fulfill the above
1. Candidate for Director in charge of compliance conditions, it is excluded if there is no Director the
function must have sufficient integrity and knowledge Bank who fulfills the conditions referred to.
on the provisions of the Financial Services Authority, • Temporary substitution of the position of Director
Bank Indonesia, and applicable laws and regulations. in charge of Compliance function as referred
2. The Director in charge of Compliance Function to must be reported to the Financial Services
must fulfill the independence requirement. The Authority.
“independence requirement” means not having
financial, management, share ownership, and/or family Duties and responsibilities of the Director
relationship up to second degree with members of In Charge of Compliance function
Board of Commissioners, Board of Directors, and/ The duties and responsibilities of the Director in charge of
or Controlling Shareholders or relationship with the Compliance function, shall at least include:
Bank, which may affect the ability to act independently 1. Formulating strategies to encourage the creation of
as stipulated in the provisions of Good Corporate the Bank’s Compliance Culture.
Governance Implementation for Commercial banks. 2. Proposing compliance policies or compliance
principles to be stipulated by the Board of Directors.
Structure 3. Establishing compliance systems and procedures
1. The President Director and/or Vice President Director to be used to develop the Bank’s internal rules and
are not permitted to hold concurrent positions as guidelines.
Director in charge of Compliance Function. 4. Ensuring that all policies, regulations, systems, and
2. The Director in charge of Compliance Function is procedures as well as business activities conducted
prohibited to be in charge of the following functions: by the Bank are in accordance with provisions of the
• Business and operations Financial Services Authority, Bank Indonesia, and the
• Risk management related to decision-making for applicable laws and regulations.
the Bank’s business activities 5. Minimizing the Bank’s Compliance Risk.
• Treasury
Annual Report 2020

Corporate
Governance
6. Taking precautionary measures so that the policies 9. Reporting the implementation of duties and
and/or decisions taken by the Bank’s Board of responsibilities to the President Director with copies
Directors do not deviate from the provisions of the to the Board of Commissioners at least in a quarterly
Financial Services Authority, Bank Indonesia, and the manner.
applicable laws and regulations. 10. Performing other duties related to Compliance
7. In the context of implementing the Anti Money Function.
Laundering (APU) and Prevention of Terrorism Funding
(PPT) Program, the Compliance Director has at least
the duties and responsibilities to: CRITERIA AND TERM OF OFFICE OF THE
• Recommend strategic written policies and BOARD OF DIRECTORS
procedures on implementation of APU and PPT
programs to the Board of Commissioners; Those who can be appointed as members of the Board
• Ensure that there are discussions related to of Directors are individuals who satisfy the following
money laundering and/or terrorism financing in requirements upon appointment and during the term of
meetings of Board of Directors and Board of office:
Commissioners; 1. Integrity, which at least includes:
• Determine the necessary steps to ensure that a. Proficient in performing legal actions and within
the Bank has complied with Bank Indonesia 5 (five) years before appointment and during the
regulations on APU and PPT and other relevant term of office:
laws and regulations; • Never been declared bankrupt;
• Ensure the coverage of the Board of Directors’ • Never become a member of Board of
active supervision has been adequately fulfilled; Directors and/or a member of Board of
• Monitor and maintain the Bank’s compliance Commissioners who is found guilty of
with all commitments made by the Bank to Bank causing a company to be declared bankrupt
Indonesia, among others, commitments in Action based on court order;
Plan, Report on Data Updating Activity Plan, and b. Have good character and morals;
Bank Indonesia monitoring results related to the c. Have a commitment to comply with applicable
implementation of APU and PPT Programs; laws and regulations;
• Monitor the duty implementation of the Special d. Have a commitment to the development of sound
Work Unit and/or Bank officials responsible for the Bank operations;
implementation of APU and PPT; e. Not included in the list of failing to pass the fit and
• Recommend the President Director on officials proper test;
who will lead the Special Work Unit or officials f. Have a commitment not to take and/or repeat
responsible for implementing APU and PPT certain actions and/or actions, for candidates for
Programs; members of the Board of Directors or candidates
• Approve Suspicious Financial Transaction Report for members of the Board of Commissioners who
(LTKM); have not passed the fit and proper test and have
• Propose Action Plan Report and Data Updating undergone sanctions;
Plan Report before being submitted to Bank 2. Competence, which at least includes:
Indonesia. a. Having sufficient knowledge in banking and
8. The in charge of Compliance Function must submit the relevant to the position;
reports to Bank Indonesia on the duty implementation b. Having the experience and expertise in banking
that cover: and/or finance; and
a. Compliance Work Plan contained in the Bank’s c. Able to carry out strategic management in the
Business Plan; context of developing the company and its
b. Compliance Report; and subsidiaries;
c. Special Report on policies and/or decisions of 3. Have a good financial reputation with no bad credit;
the Board of Director in which according to the 4. Comply with the laws and regulations in the field of
Director in charge of Compliance Function has Banking, Capital Market, other laws and regulations
deviated from Bank Indonesia regulations and/ and the Company’s Articles of Association;
or the applicable laws and regulations, as part of 5. Between fellow members of the Board of Directors,
the duties of the Director in charge of Compliance and between members of the Board of Directors
Function. and members of the Board of Commissioners, it is
prohibited to have kinship either in a straight line or a
sideways line or an affair (son-in-law or brother-in-law).
Annual Report 2020

Board of Directors
The term of office of the Board of Directors is at most 2 BOARD OF DIRECTORS NUMBER AND
(two) consecutive periods, under the following conditions: COMPOSITION
1. The members of the Board of Directors are
appointed for the period commencing from the date In 2020, the composition and number of members of the
determined by the GMS that appoints them and BNI Board of Directors changed several times. Changes
ends at the closing of the 5th (fifth) Annual GMS also occur in the nomenclature of the position and the
after the appointment date, by observing the laws transfer of positions of members of the Board of Directors,
and regulations in Capital Market sector, but without with the aim of optimizing the performance of the Bank.
reducing the right of the GMS to dismiss at any time Changes in the composition and number of members of
the members of the Board of Directors before their the Board of Directors based on the General Meeting of
term of office ends. Shareholders (GMS) throughout 2020 are as follows:
2. Dismissal is effective from the closing of the GMS,
unless otherwise determined by the GMS.
3. After the term of office ends, the members of the Period of January 1, 2020 - February 20,
Board of Directors may be reappointed by the GMS for 2020
1 (one) term of office. During this period, there were 11 (eleven) Directors
consisting of 1 (one) President Director, 1 (one) Deputy
President Director, and 9 (nine) Directors.
Achmad Baiquni President Director Jakarta March 17, 2015 April 16, 2015
Herry Sidharta Vice President Director Jakarta • March 17, 2015 (appointment as May 22, 2015
Director)
• March 16, 2017 (transfer as Vice 29 May 2017
President Director)
Ario Bimo Managing Director Finance Jakarta August 30, 2019 27 November 2019
Rico Rizal Budidarmo Managing Director Risk Management Jakarta March 17, 2015 April 16, 2015
Bob Tyasika Ananta Managing Director Treasury and Jakarta March 17, 2015 April 16, 2015
International
Anggoro Eko Cahyo Managing Director Consumer Jakarta March 17, 2015 May 22, 2015
Banking
Tambok P. Setyawati Managing Director MSME and Jakarta March 20, 2018 5 July 2018
Network
Dadang Setiabudi Managing Director Information Jakarta March 20, 2018 5 July 2018
Technology & Operations
Endang Hidayatullah Managing Director Human Capital Jakarta March 20, 2018 5 July 2018
and Compliance
Adi Sulistyowati Managing Director Institutional Jakarta March 17, 2015 May 22, 2015
Relations
Putrama Wahju Setyawan Managing Director Corporate Banking Bekasi March 10, 2016 July 15, 2016
Period of February 20, 2020 - September 2, 2020

During this period, there were 12 (twelve) Directors consisting of 1 (one) President Director, 1 (one) Deputy President
Director, and 10 (ten) Directors.
Herry Sidharta President Director Jakarta • March 16, 2017 (reassigned as May 20, 2020
Vice President Director)
• February 20, 2020 (appointed as
President Director
Anggoro Eko Cahyo Vice President Director Jakarta • March 17, 2015 (appointed as June 5 (not
Director of Finance) approved)
• February 20, 2020 (Reassigned as
Vice President Director)
Annual Report 2020

Corporate
Governance
Benny Yoslim Managing Director Corporate Jakarta February 20, 2020 May 20, 2020
Banking
Corina Leyla Karnalies Managing Director Consumer Jakarta February 20, 2020 June 17, 2020
Banking
Tambok P. Setyawati Managing Director MSME Jakarta • March 20, 2018 (appointed as July 5, 2018
Simanjuntak Director of Retail Banking)
• February 20, 2020 (reassigned as
MSME Business Director)
Putrama Wahju Setiawan Managing Director Treasury and Bekasi • March 10, 2016 (appointed as July 15, 2016
International Director of Corporate Banking)
• February 20, 2020 (Reassigned
as Treasury and International
Director)
Sigit Prastowo Managing Director Finance Jakarta February 20, 2020 June 17, 2020
Osbal Saragi Rumahorbo Managing Director Risk Management Jakarta February 20, 2020 July 3, 2020
Y.B. Hariantono Managing Director Information Jakarta February 20, 2020 August 12, 2020
Technology and Operations
Bob Tyasika Ananta Managing Director Human Capital Jakarta • March 17, 2015 (appointed as Risk April 16, 2015
and Compliance Management Director)
• February 20, 2020 (reassigned
as Director of Human Capital and
Compliance)
Sis Apik Wijayanto Managing Director Institutional Jakarta February 20, 2020 June 26, 2020
Relations
Adi Sulistyowati Managing Director Network and Jakarta March 17, 2015 (appointed as Director May 22, 2015
Services of Institutional Relations)
Period September 2, 2020 - December 31, 2020

During this period, there were 12 (twelve) Directors consisting of 1 (one) President Director, 1 (one) Deputy President
Director, and 10 (ten) Directors.
Royke Tumilaar President Director Jakarta 02 September 2020 November 19, 2020
Adi Sulistyowati Vice President Director Jakarta • March 17, 2015 (appointed as May 22, 2015
Director of Institutional Relations)
• 02 September 2020 (reassigned November 6, 2020
as Vice President Director)
Corina Leyla Karnalies Managing Director Consumer Jakarta February 20, 2020 June 26, 2020
Novita Widya Anggraini Managing Director Finance Jakarta 02 September 2020 November 19, 2020
Y.B. Hariantono Managing Director Information Jakarta February 20, 2020 August 12, 2020
Technology and Operations
Bob Tyasika Ananta Managing Director Human Capital Jakarta • March 17, 2015 (appointed as Risk May 22, 2020
and Compliance Management Director)
• February 20, 2020 (reassigned
as Director of Human Capital and
Compliance)
Silvano Winston Rumantir Managing Director Corporate Jakarta 02 September 2020 December 1, 2020
Banking
David Pirzada Managing Director Risk Management Jakarta 02 September 2020 December 1, 2020
Sis Apik Wijayanto Managing Director Institutional Jakarta February 20, 2020 June 26, 2020
Relations
Ronny Venir Managing Director Network and Jakarta 02 September 2020 November 6, 2020
Services
Muhammad Iqbal Managing Director MSME Jakarta February 20, 2020 November 19, 2020
Henry Panjaitan Managing Director of Treasury and Jakarta 02 September 2020 November 12, 2020
International
Annual Report 2020

Board of Directors
LEGAL BASIS FOR THE APPOINTMENT OF MEMBERS OF THE BOARD OF DIRECTORS
In accordance with Article 11 paragraph (10) of the Company’s Articles of Association, members of the Board of Directors
are appointed and dismissed by the GMS. The appointment of each member of the Board of Directors can be described as
follows:
No. Name Position Basis of Appointment
1. Royke Tumilaar President Director EGMS September 2, 2020

2. Adi Sulistyowati Vice President Director Annual GMS March 17, 2015 then his assignment was
transferred from previously Director to Vice President
Director on EGMS September 2, 2020.
3. Corina Leyla Karnalies Managing Director Consumer Banking Annual GMS February 20, 2020
4. Novita Widya Anggraini Managing Director Finance EGMS September 2, 2020
5. YB Hariantono Managing Director Information Technology Annual GMS February 20, 2020
and Operations
6. Bob Tyasika Ananta Managing Director Human Capital and Annual GMS February 20, 2020
Compliance
7. Silvano Winston Rumantir Managing Director Corporate Banking EGMS September 2, 2020
8. David Pirzada Managing Director Risk Management EGMS September 2, 2020
9. Sis Apik Wijayanto Managing Director Institutional Relations Annual GMS February 20, 2020
10. Ronny Venir Managing Director Services and Networks EGMS September 2, 2020
11. Muhammad Iqbal Managing Director MSME EGMS September 2, 2020
12. Henry Panjaitan Managing Director Treasury & International EGMS September 2, 2020
13. Achmad Baiquni 1) President Director Annual GMS March 17, 2015
14. Herry Sidharta 2) President Director 2) Annual GMS March 17, 2015 was then transferred from
Director to Vice President Director at Annual GMS March 16,
2017 with terms of office as Director appointed at Annual
GMS March 17, 2015. Then appointed as President Director
at Annual GMS February 20, 2020.
15. Anggoro Eko Cahyo 2) Vice President Director 3) Annual GMS March 17, 2015 was later transferred from
Director to Vice President Director at Annual GMS February
20, 2020.
16. Ario Bimo 1) Managing Director Finance EGMS August 30, 2019
17. Rico Rizal Budidarmo 1)
Managing Director Risk Management 3)
Annual GMS March 17, 2015
18. Tambok P. Setyawati 2) Managing Director MSME 3) Annual GMS March 20, 2018
19. Dadang Setiabudi 1) Managing Director Information Technology Annual GMS March 20, 2018
& Operations
20. Endang Hidayatullah 1) Managing Director Human Capital and Annual GMS March 20, 2018
Compliance
21. Putrama Wahju Setyawan 2) Managing Director Treasury and International Annual GMS March 10, 2016
3)
22. Benny Yoslim 2) Managing Director Corporate Banking Annual GMS February 20, 2020
23. Sigit Prastowo 2) Managing Director Finance Annual GMS February 20, 2020
24. Osbal Saragi Rumahorbo 2) Managing Director Risk Management Annual GMS February 20, 2020
Notes:
1)
Resign on February 20, 2020
2)
Resign on September 2, 2020
3)
The last position in the Company
FIT AND PROPER TEST
The appointment of members of the Board of Directors is effective after obtaining approval from the Financial Services
Authority on the Fit and Proper Test in accordance with Financial Services Authority Regulation Number 27/POJK.03/2016
concerning the Fit and Proper Test for Main Parties of Financial Services Institutions and compliance prevailing laws and
regulations. In order to participate in the Fit and Proper Test process, the Company submits an application for approval of a
candidate for its Board of Directors to the Financial Services Authority.
Annual Report 2020

Corporate
Governance
Fit and Proper Assessment

Effective Date based
No. Name Position Assessor
on FSA Letter
1. Royke Tumilaar President Director Financial Services Authority November 19, 2020
2. Adi Sulistyowati*) Managing Director Network and Services Financial Services Authority May 22, 2015
Vice President Director Financial Services Authority November 6, 2020
3. Corina Leyla Karnalies Managing Director Consumer Banking Financial Services Authority June 30, 2020
4. Novita Widya Anggraini Managing Director Finance Financial Services Authority November 19, 2020
5. YB Hariantono Managing Director Information Technology and Financial Services Authority August 14, 2020
Operations
6. Bob Tyasika Ananta Managing Director Human Capital and Financial Services Authority May 22, 2020
Compliance
7. Silvano Winston Rumantir Managing Director Corporate Banking Financial Services Authority 1 December 2020
8. David Pirzada Managing Director Risk Management Financial Services Authority 1 December 2020
9. Sis Apik Wijayanto Managing Director Institutional Relations Financial Services Authority June 30, 2020
10. Ronny Venir Managing Director Services and Networks Financial Services Authority November 6, 2020
11. Muhammad Iqbal Managing Director MSME Financial Services Authority November 19, 2020
12. Henry Panjaitan Managing Director Treasury and International Financial Services Authority 13 November 2020
13. Achmad Baiquni**) President Director Financial Services Authority April 16, 2015
14. Herry Sidharta***) Managing Director Corporate Banking Financial Services Authority May 22, 2015
Vice President Director Financial Services Authority 29 May 2017
President Director****) Financial Services Authority May 22, 2020
15. Anggoro Eko Cahyo***) Managing Director Consumer Banking Financial Services Authority May 22, 2015
Vice President Director****) Financial Services Authority -
16. Ario Bimo**) Managing Director Finance Financial Services Authority November 26, 2019
17. Rico Rizal Budidarmo**) Managing Director Risk Management****) Financial Services Authority April 16, 2015
18. Tambok P. Setyawati***) Managing Director MSME****) Financial Services Authority July 5, 2018
19. Dadang Setiabudi**) Managing Director Information Technology & Financial Services Authority July 5, 2018
Operations
20. Endang Hidayatullah**) Managing Director Human Capital and Financial Services Authority July 5, 2018
Compliance
21. Putrama Wahju Setyawan***) Managing Director Treasury and Financial Services Authority July 15, 2016
International****)
22. Benny Yoslim***) Managing Director Corporate Banking Financial Services Authority May 22, 2020
23. Sigit Prastowo***) Managing Director Finance Financial Services Authority June 26, 2020
24. Osbal Saragi Rumahorbo***) Managing Director Risk Management Financial Services Authority July 8, 2020
Notes:
1)
His assignment was transferred from previously Director to Vice President Director at EGMS September 2, 2020
2)
Resign on February 20, 2020
3)
Resign on September 2, 2020
4)
The last position in the Company
ORIENTATION PROGRAM AND INDUCTION FOR NEW DIRECTORS
The orientation and induction program for new members of the Board of Directors, including:
1. Discussion on the Annual Report, the Company’s Work Plan and Budget (RKAP), and the Company’s Long-term Plan
(RJPP), Code of Ethics, Boards of Directors’ Guidelines for Work Conduct, Corporate Governance Handbook, and the
Articles of Association.
2. Explanations relating to the delegated authority, internal and external audits, internal control systems and policies, as
well as duties and roles of the Audit Committee and other committees under the Board of Directors and the Board of
Commissioners.
3. Description on duties, authority, and responsibilities of the Board of Commissioners and Board of Directors.
These explanations are given by way of a presentation by the related Unit to the related members of the Board of Directors
as well as by conducting visit to Regional/Branch Offices.
Annual Report 2020

Board of Directors
CONCURRENT POSITION POLICY FOR • Other structural and functional positions at central
BOD and/or regional government institutions/agencies;
• Administrator of political party and/or member/
No member of the Board of Directors of BNI assume prospective member of legislature; and/or
concurrent position that are prohibited based on the candidate for regional head/deputy head;
prevailing laws and regulations. The concurrent positions • Position that may cause conflict of interest and/or
of members of the Board of Directors that are allowed other position in accordance with the provisions in
under the prevailing laws and regulations are carried laws and regulations;
out by the members of the Board of Commissioners • Stands as a legislator candidate or regional head/
concerned without neglecting the implementation of their deputy head candidate.
duties and responsibilities as a member of the Board of 2. Based on Financial Services Authority Regulation
Commissioners of the Bank. Number 55/POJK.03/2016, members of the Board of
Directors are prohibited to hold concurrent position
The provisions on concurrent position of Board of Directors as members of Board of Directors, members of the
are stipulated in the following regulations. Board of Commissioners, or Executive Officers at
1. Based on SOE Minister Regulation Number PER-03/ other bank, company, and/or institution. Nonetheless,
MBU/02/2015, members of Board of Directors are it does not include concurrent position in the event
prohibited to hold concurrent position as: that the Board of Directors is in charge of monitoring
• Members of Board of Directors at State-Owned Bank’s placement at subsidiary, running functional
Enterprise, Regional-Owned Enterprise, Private duties as members of the Board of Commissioners
Companies; and/or at non-bank subsidiary that is controlled by the Bank,
• Members of Board of Commissioners at State- as long as it does not cause the related Board of
Owned Enterprise; and/or Directors to ignore the implementation of duties and
responsibilities as members of the Bank’s Board of
Directors.
Member of the Board of Management Board of political

Other positions in Other positions
Directors of State-Owned parties and/or candidates/members
accordance with the that can cause
Name Companies, Regional- of DPR, DPD, DPRD Level I, and
provisions of laws a conflict of
Owned Enterprises, Private- DPRD Level II and/or candidates for
and regulations. interest.
Owned Enterprises regional head/deputy regional head.
Royke Tumilaar No No No No
Herry Sidharta 1) No No No No
Achmad Baiquni 2) No No No No
Adi Sulistyowati No No No No
Anggoro Eko Cahyo 1) No No No No
Bob Tyasika Ananta No No No No
Corina Leyla Karnalies No No No No
YB Hariantono No No No No
Sis Apik Wijayanto No No No No
Novita Widya Anggraini No No No No
Silvano W. Rumantir No No No No
David Pirzada No No No No
Ronny Venir No No No No
Muhammad Iqbal No No No No
Henry Panjaitan No No No No
Benny Yoslim 1) No No No No
Sigit Prastowo 1) No No No No
Osbal Saragi Rumahorbo 1) No No No No
Tambok Parulian Setyawati 1) No No No No
Putrama Wahju Setyawan 1) No No No No
Ario Bimo 2) No No No No
Rico Rizal Budidarmo 2) No No No No
Dadang Setiabudi 2) No No No No
Endang Hidayatullah 2) No No No No
1)
Stop serving on the EGMS on September 2, 2020
2)
Stop serving at the Annual GMS on February 20, 2020
Annual Report 2020

Corporate
Governance
MANAGEMENT OF CONFLICT OF on the Financial Services Authority Regulation No. 11/

INTEREST OF THE BOARD OF DIRECTORS POJK.04/2017 concerning Ownership Report or Any
Change in Share Ownership of Public Companies. A
Management of the Board of Directors’ conflict of interest description of the implementation of the Ownership
is stipulated in the Guidelines for Handling Conflict of Report/Any Change in Share Ownership of Directors is
Interest Number IN/695/KMP/001 dated October 29, 2014. presented in the Share Ownership Report section of this
Conflict of Interest is a condition in which the Company’s Annual Report. As of December 31, 2020, no member of
economic interests contradict the personal economic the BNI Board of Directors owns BNI shares reaching 5%
interests. Regarding the above matter, members of the or more of the paid-up capital of BNI, or in other banks or
Board of Directors: other companies domiciled at home or abroad.
1. Must prioritize the Company’s economic interest over
personal economic interest or family’s or other party’s.
2. Must never use their position for personal interest or IMPLEMENTATION OF DUTIES AND
for other person’s or party’s interest that is in contrary RESPONSIBILITIES OF THE BOARD OF
to the Company’s interest. DIRECTORS IN 2020
3. Must complete a Special Register containing their and/
or their family’s share ownership that reaches 5% During 2020, the Board of Directors has carried out
(five percent) or more on the Bank or other companies management duties in accordance with applicable laws
located inside and outside the country. and regulations as well as the Company’s Articles of
4. Must disclose financial relationship and family Association, namely:
relationship with other members of the Board of 1. Compilation of the Company’s plans, including the
Commissioners, members of the Board of Directors, revised RBB 2020 - 2022.
and/or the Company’s controlling shareholders. 2. Preparation of RBB 2021-2023.
5. Prohibited to take action that may harm the Company 3. Fulfillment of the Company’s performance targets.
or reduce Company’s profit and must disclose conflict 4. Management of assets and finances, including
of interest in any decision in the event that a conflict investments in companies that are not listed on the
of interest occurs. stock exchange.
6. Shall not participate in the discussion and decision- 5. Organizing the Board of Directors Meeting.
making that contains elements of conflict of interest. 6. Attending the Board of Commissioners Meeting.
7. The General Meeting of Shareholders.
8. Supervision and improvement of internal business
SHARE OWNERSHIP OF BOARD OF processes.
DIRECTORS 9. Implementation of other duties related to the
management of the Company.
Members of the Bank’s Board of Directors have an
obligation to report to the Financial Services Authority
on ownership and any changes in the ownership of the THE BOARD OF DIRECTORS DECISION IN
Bank’s shares, either directly or indirectly, as stipulated 2020
in the Financial Services Authority Regulation No. 11/
POJK.04/2017 on the Report of Ownership or Any Throughout 2020, the Board of Directors issued the
Changes in Ownership of Public Company Shares. The following decisions:
reporting obligation is also regulated in Board of Directors’
Decisions Letter No. KP/228/DIR/R dated June 29, 2018 No. Regarding
on Guidelines and Work Conduct of Board of Directors
1 Formation of the 2020 BNI EMTN Program Task Force Team
Charter, which are also published on the Bank’s website.
2 Authority to Decide Credit
In order to fulfill the principle of transparency in the
3 Temporary replacement
implementation of Good Corporate Governance, with due
4 Employee Service Period Award
regard to the Company’s Articles of Association, the Board
5 Transfer/Change of Position
of Directors must disclose ownership of shares at BNI. 6 The 2020 Collective Labor Agreement (PKB) Negotiation Team
7 Termination of Assignment as Supervisory Board of Bank
Throughout 2020, BNI has submitted a report on Negara Indonesia Pension Funds
ownership or any changes in the share ownership of the 8 Assignment as the Supervisory Board of Bank Negara
Indonesia Pension Funds
Board of Directors and/or the Board of Commissioners
9 Position Grade Adjustment
of BNI shares to the Financial Services Authority based
10 Pension Fund Regulations from the BNI Pension Fund
Annual Report 2020

Board of Directors
No. Regarding No. Regarding
11 Founder's Written Statement 54 BNI Contact Center (BCC) Division Organizational Structuring
12 Director of Pension Fund Investment Directive 55 Authority to Terminate Temporary Credit
13 Determination of 2020-2021 BNI Employee Salary 56 Loan at Risk Management Project Team for Medium & Small
14 Retirement Preparation Period Segments
15 Pension 57 Appointment/Assignment of the Task Force Integrated Talent

Management System (ITMS) Team
16 Restructuring Committee Asset & Liability (ALCO)
58 Appointment/Assignment of the Task Force Integrated Talent
17 Capital & Risk Management Restructuring Committee Management System (ITMS) Team
18 Organizational Restructuring of the Corporate Communication 59 BNI Directors Organizational Governance
and Secretarial Division (KMP)
60 Dispensation Permit Resolution Letter
19 Establishment of the 2020 BNI Rupiah Bonds II Sustainable
Public Offering Task Force Team 61 BNI National Insights Forum
20 Formation of a Task Force Team for Handling Fraud Indications 62 Bank Business Plan (RBB) 2021-2023
of Customer Data Leaks 63 Sustainable Finance Action Plan
21 BNI Corporate University Organizational Structuring 64 Establishment of the Annual Report Team
22 Termination of Employment Relationship 65 Establishment of the 2020 BNI Sustainability Report Team
23 Pro Activation Tele Procurement Committee 66 Dispensation Permit Resolution Letter
24 Appointment/Assignment 67 Wealth Management Division (WEM) Organizational Structuring
25 Task Force Team Monitoring the Implementation of the
Restructuring Stimulus Program
26 Medium Business Division (BMN) Organizational Structuring BOARD OF DIRECTORS’ COMPETENCE
27 BN Directors Organizational Structuring DEVELOPMENT
28 Covid Management Fund Management Team
29 International Division Organizational Structuring Board of Directors competence development can be seen
30 Assistance Organization Syndication & Corporate Solutions the Company Profile section of this Annual Report.
Division (SSK)
31 Substitute Officer for Vice President Director
32 End of Service Award
33 The Middle & Small Segment Loan at Risk Management Team
RISK MANAGEMENT CERTIFICATION
34 Organizational Structuring of the Middle & Small Business
Credit Rescue & Settlement Division All of BNI’s Board of Directors have passed Level 5 Risk
35 Revised Bank Business Plan (RBB) 2020-2022 Management Certification as it is one of the requirements
36 Positioning to take fit and proper test, which is administered by the
37 Organizational Structuring of the Network Management Financial Services Authority.
Division (JAL)
38 Establishment of Service Quality Unit (SQU) Organization
39 Termination of Temporary Substitute Decree (PGS)
40 Decree on the Establishment of the Savings Performance
BOARD OF DIRECTORS RESIGNATION
Improvement Project Team AND DISMISSAL MECHANISM
41 Financial Institution Pension Fund Investment Committee
(DPLK)
The mechanism of resignation and dismissal of the Board
42 Organizational Structuring of the Medium & Small Business
Credit Risk Division (CMR) of Directors is stipulated in the Company’s Articles of
43 Sales Division Organizational Structuring Association, which refers to Financial Services Authority
44 Organizational Structuring of the Institutional Relations Division Regulation No. 32/POJK.04/2014 and Financial Services
(HLB) Authority Regulation No. 33/POJK.04/2014, stating that:
45 General Guidelines for Governance of Bank Negara Indonesia 1. The GMS may dismiss members of the Board of
Pension Funds
Directors at any time by stating the reasons.
46 Assigned as Investment Director of Bank Negara Indonesia
Pension Funds 2. The reason for dismissing member of the Board of
47 Termination of Assignment as Manager of the Pension Fund of Directors are made, in the event that based on fact,
Bank Negara Indonesia the related member of the Board of Directors:
48 Appointment as Member of the Supervisory Board of the Bank
a. Does not perform/under performs in fulfilling the
Negara Indonesia Pension Fund
49 Reappointment as Member of the Supervisory Board of the
obligations that have been agreed upon in the
Bank Negara Indonesia Pension Fund management contract.
50 Renewal of the Composition of the Bank Negara Indonesia b. Does not perform the duties properly.
Pension Fund Supervisory Board
c. Violates the provisions of Articles of Association
51 Appointment/Assignment of Duties Implementation of Financial
Institution Pension Fund Unit Management
and/or laws and regulations.
52 Covid-19 Management Fund Management Team d. Engaged in action that harms the Company and/or
53 Appointment of Permanent Employees State.
Annual Report 2020

Corporate
Governance
e. Commits action that violates ethics and/or properness • There is a GMS resolution that reinforces or
that must be upheld as Board of Directors. cancels the temporary dismissal in item 8
f. Convicted by a Court decision that has permanent letter d; or
legal force. • The time period in item 8 letter d has passed;
g. Resigns. g. In the GMS as referred to in item 8 letter d, the
h. Other reasons considered appropriate by the GMS for related member of the Board of Directors is given
the interests and objectives of the Company. an opportunity to defend him/herself.
3. The decision for dismissal shall be made after the related h. Such temporary dismissal cannot be extended or
person has had the opportunity to defend him/herself, re- established for the same reasons, in the event
except for reasons as referred to in item 2 letter f and g. that such temporary dismissal is declared void as
4. Termination for reasons as referred to in item 2 letter d and referred to in item 8 letter e.
f shall constitute dishonorable dismissal. i. In the event that the GMS cancels a temporary
5. A member of the Board of Directors may resign from his/ dismissal or there are circumstances as referred
her post before the term of office expires. In this matter, to in item 8 letter e, then the related member of
the member of the Board of Directors who resigns must the Board of Directors must resume the duties
state such intention in writing to the Company. properly.
6. BNI must convene GMS to resolve the resignation j. In the event that the GMS reaffirms the temporary
proposal of members of the Board of Commissioners no dismissal resolution, then the related member of
longer than 90 (ninety) days after receipt of the resignation the Board of Directors shall be dismissed going
letter. forward.
7. Member of the Board of Directors who resigns before or k. In the event that the temporary dismissed
after his/her term of office expires, unless due to death, member of the Board of Directors is not present
shall still be responsible to submit accountability for actions at the GMS after being summoned in writing, then
that have not been received by the GMS. the temporary dismissed member of the Board of
8. Member of Board of Directors may be dismissed Directors shall be deemed not to have exercised
temporarily by the Board of Commissioners by stating the the right to defend him/herself in the GMS and has
reasons in the event that such member acts in contrary accepted the GMS resolution.
to the Articles of Association or there is an indication of
doing an action that harms the Company or neglects in
performing obligations or there are compelling reasons for PERFORMANCE ASSESSMENT OF
the Company by considering the following provisions: COMMITTEES UNDER THE BOARD OF
a. Such temporary dismissal shall be notified in writing DIRECTORS
to the concerned member of the Board of Directors
along with the reasons causing such action with a In carrying out its management duties, the Board of
copy to the Board of Directors; Directors establishes committees at Board of Directors’
b. The notification as referred to in item 8 letter a shall be level according to BNI’s business needs and regulatory
delivered no later than 2 (two) business days after the requirements, which are expected to create operational
determination of such temporary dismissal; effectiveness and efficiency, including:
c. The temporary dismissed member of the Board of • Credit Committee
Directors is not authorized to perform Company • Integrated Risk Management Committee
management in the Company’s interest in accordance • Risk and Capital Management Committee
with the Company’s purposes and objectives nor to • Product Committee
represent the Company, either inside or outside court; • Performance Management Committee
d. Within a period of no later than 90 (ninety) days • Technology Management Committee
after such temporary dismissal, the Board of • Credit Policy and Procedure Committee
Commissioners shall convene the GMS to withdraw or • Human Capital Committee
enforce such temporary dismissal resolution;
e. In the event that the time period to convene GMS The Board of Directors periodically evaluates the
as referred to in item 8 letter d has passed or the Performance of Committees under the Board of Directors.
GMS cannot adopt a resolution, then such temporary The Board of Directors assessed that throughout 2020, the
dismissal shall become void; overall performance of the committees under the Board of
f. The limitation of authority in item 8 letter c shall be Directors was satisfactory. This is based on the realization of
effective since the decision of temporary dismissal by the fulfillment of the duties of each committee in accordance
the Board of Commissioners until: with the Committee Charter, Competence and Skills and
Meeting Attendance Levels of the Committee members.
Annual Report 2020

Policy on Diversity in the Composition of
members of the Board of Commissioners
and Board of Directors
POLICY ON THE DIVERSITY OF THE COMPOSITION OF THE BOARD OF

COMMISSIONERS
BNI has a policy on the diversity in the composition of members of the Board of Commissioners by referring to the
Appendix of OJK Circular No. 32/SEOJK.04/2015 dated November 27, 2015 concerning Guidelines for Public Company
Governance. The regulation states that the composition of the Board of Commissioners is a combination of characteristics
both in terms of the organs of the Board of Commissioners and individual members of the Board of Commissioners, in
accordance with the needs of the Public Company. These characteristics can be reflected in the determination of expertise,
knowledge, and experience needed in carrying out supervisory duties and providing advice by the Board of Commissioners
of the Public Company. The composition that has taken into account the needs of the public company is a positive thing,
especially related to decision making in the context of implementing the supervisory function carried out by considering a
broader range of aspects.
In 2020, the diversity of the composition of the Board of Commissioners reflected in education, work experience, age and
gender, can be seen as in the table below:
Age
Name Position Gender Education Working Experience Expertise
(Year)
Ari Kuncoro 1) President 58 Male • Bachelor’s • Secretary of the Post-Graduate Economic Study Economy
Commissioner/ Degree in Program, Faculty of Economy, University of
Independent Economy Indonesia.
Commissioner • Master’s • Deputy Dean I for Teaching, Education and
Degree in Community Service
Economy • Faculty of Economy, University of Indonesia.
Development • Visiting Professor of Research at Brown
• Doctoral Degree University
in Economy • Member of the Communication Forum for
Research on the Stability of the Bank Indonesia
Financial System.
• Board of Directors of the East Asian Economist
Association.
• Dean of Higher Education Tri Dharma, Faculty of
Economy and Business, University of Indonesia.
Agus Dermawan President 64 Male Bachelor’s Degree • International Loan Officer, Bank of America NT Economy
Wintarto Commissioner/ in Economics & SA
Martowardojo 2) Independent • Assistance Vice President Business & Risk
Commissioner Management Division Head, Corporate Banking
Group Bank Niaga
• Area II East Java-Bali Vice President, Corporate
Banking Head Surabaya Bank Niaga
• Area II East Java-Bali Vice President, Regional
Commercial Banking Head Area II Surabaya
Bank Niaga
• Vice President for Corporate Banking Group
Head of Bank Niaga
• Deputy CEO of Maharani Holding
• President Director of PT Bank Bumiputera
• President Director of PT Bank Export Import
Indonesia (Persero)
• Managing Director of Risk Management and
Credit Restructuring PT Bank Mandiri (Persero)
• Managing Director of Retail Banking and
Operations Coordinator of PT Bank Mandiri
(Persero)
• Managing Director of Human Resources and
Support Services of PT Bank Mandiri (Persero)
• Advisor to Chairman of IBRA
• President Director of PT Bank Permata Tbk
• President Director of PT Bank Mandiri (Persero)
Tbk
• Minister of Finance, Ministry of Finance of the
Republic of Indonesia
Annual Report 2020

Corporate
Governance
Age
(Year)
• Governor of Bank Indonesia

• Commissioner PT AKR Corprindo Tbk
• President Commissioner PT Sarana Multi
Infrastruktur (Persero)
• President Commissioner PT Tokopedia
• President Commissioner/Independent
Commissioner PT Bank Negara Indonesia
(Persero) Tbk.
Pradjoto 3) Vice President 67 Male • Bachelor’s • Professional Staff of PT Bank Pembangunan • Law
Commissioner/ Degree in Law Indonesia (Bapindo) • Economy
Independent • Master’s • Research Associate Institute of Economic
Commissioner Degree in Research Kyoto University
Economy • Founder/Leader Pradjoto & Associates -
Advocates and Legal Consultant
• Lecturer in Management, Post Graduate
Management Program, Atmajaya University,
Yogyakarta
• Member of Sub Commission E of the National
Law Commission of the Republic of Indonesia
• Member of the National Ombudsman
Commission
• Member of the Association of Capital Market
Legal Consultants (HKHPM)
• Member of the Corruption Crime Joint Team
(TGTPK)
• Chairman of the IBRA Ombudsman
• Independent Commissioner of Bank
Internasional Indonesia
• Member of the Indonesian Advocates
Association (Peradi)
• Board of Ethics for Risk Management
Certification Agency (BSMR)
• Independent Commissioner of PT Bank Mandiri
(Persero) Tbk
• Chairman of the Board of Ethics for the
Association of National Banks (Perbanas)
• Advisory Board of the Indonesian Bankers
Association (IBI)
• Senior Advisor to Bank International Indonesia
• Chairman of the Supervisory Board of Banking
Business Ethics, Association of National Banks
(Perbanas)
• Member of the Indonesian Bankers Association
(IBI) Supervisory Agency
• Vice President Commissioner/Independent
Commissioner of PT Bank Negara Indonesia.
Revrisond Baswir 4) Independent 62 Male • Bachelor’s • Lecturer in Economics and Business, Gadjah • Economy
Commissioner Degree in Mada University • Accounting
Accounting • P3PK Researcher, Gadjah Mada University
• Master’s • Expert Staff of the Indonesian Ministry of
Degree in Human Rights
Business • Expert Staff of Pustep Gadjah Mada University
Administration • DPD RI Expert Staff.
• Doctoral Degree • Head of the Center for Populist Economy
in Economy Studies, Gadjah Mada University
• Member of the Public Policy Committee of the
Ministry of BUMN
• Commissioner and Chairman of the Audit
Committee of PTPN XIII Pontianak.
• Commissioner of PTPN VIII, Bandung.
• Commissioner and Chairman of the Audit
Committee of PTPN XI Surabaya.
• Commissioner of PT Bank Negara Indonesia
(Persero) Tbk
• Independent Commissioner of PT Bank Negara
Indonesia (Persero) Tbk
Annual Report 2020

Policy on Diversity in the Composition of members of the Board of
Commissioners and Board of Directors
Age
(Year)
Pataniari Siahaan 4) Independent 74 Male • Bachelor’s • Member of DPR/MPR RI. Engineering

Commissioner Degree in Civil • DPR/MPR RI Law
Engineeringl |Member of Commission I DPR-RI
• Bachelor’s • DPR/MPR RI
Degree in Civil Member of the Inter-Parliamentary Cooperation
Engineering Agency of the DPR RI
Transportation • DPR/MPR RI
• Master’s Member of the Indonesia-Australia DPR-RI
Degree in Law Bilateral Cooperation Group
• Doctoral Degree • DPR/MPR RI
in Law Member of the MPR-RI Working Committee
• DPR/MPR RI
Member of the Ad Hoc I Committee of the
MPR RI Working Body
• DPR/MPR RI
Chairman of Commission A MPR RI Annual
Session
• DPR/MPR RI
Member of Commission III DPR RI
• DPR/MPR RI
Chairman of the Legislation Body of the DPR RI.
• DPR/MPR RI
Legal Counsel for the DPR-RI for the
Constitutional Court
• DPR/MPR RI
Chairman of the Working Team for the
Socialization of the MPR RI Decision in the Field
of the Indonesian Constitution.
• Lecturer at the Faculty of Law, Trisakti
University.
• Chairman of the Center for Constitution and
Legislation Studies, Faculty of Law, Trisakti
University
• Editorial Board of Prioris Law Journal, Faculty of
Law, Trisakti University
(Persero) Tbk
Joni Swastanto Commissioner 64 Male • Bachelor’s • Head of Section of Bank Indonesia Bandung Economy
Degree in • Deputy Head of the Supervision of Non-Foreign
Economy Exchange Bank 2 Bank Indonesia
• Master’s • Senior Bank Supervisor for Bank Supervision 3,
Degree in Bank Indonesia
Economy • Executive Bank Supervision 3 Bank Indonesia
• Doctoral Degree Supervision Affairs
in Economy • Head of Bank Indonesia’s Foreign Exchange
Management Analysis Section
• Head of the Monetary Division of Bank
Indonesia
• Head of Department of Bank Indonesia
Surabaya
• Supervisory Senior Executive Bank of Bank
Indonesia Surabaya
• Deputy Director of the Department of Banking
Supervision 3, Bank Indonesia
• Director of the Banking Supervision Department
3, Bank Indonesia
• Director of the Bank Indonesia Banking
Licensing and Information Department
• Head of Semarang Bank Indonesia
Representative Office.
• Head of the Financial Services Authority
Banking Research and Development
Department
• Head of the Financial Services Authority
Banking Licensing and Information Department
• Financial Services Authority Panelist Group
Advisor
• Deputy Commissioner for Strategic
Management of 1B Financial Services Authority
• Deputy Commissioner for Strategic
Management 2B Financial Services Authority
(Persero) Tbk
Annual Report 2020

Corporate
Governance
Age
(Year)
Ahmad Fikri Independent 52 Male • Bachelor’s • Co founder of PT Justika Siar Publika, Owner & Law
Assegaf 4) Commissioner Degree in Law Operator (www.hukum.online.com)
• Master’s • Founder of the Lentera Indonesian Law College
Degree in • Advisory Member to the Capital Market Legal
Magister Law Consultants Association
• Member of the Supervisory Board of the
Kemayoran Complex Management Center
• Founder and Senior Partner of Assegaf Hamzah
& Partners
Sigit Widyawan Independent 55 Male • Bachelor’s • Head of Taxation Section - Concrete Products • Economy
Commissioner Degree in Division of PT Wijaya Karya (Persero) Accounting
Economy • Head of Finance at PT Wijaya Karya Beton • Finance
• Master’s • Director of Finance Roda Jati Group
Degree in • Director of PT Roda Pembangunan Jaya
Accounting • Independent Commissioner of PT Jasamarga
(Persero) Tbk
Ratih Nurdiati 5) Commissioner 59 Female • Bachelor’s • Head of the Bureau of Economy and Industry, Law
Degree in Deputy Secretary of the Regional Secretary
Constitutional for Legal Affairs, the Cabinet Secretariat of the
law Republic of Indonesia
• Master’s • Assistant Deputy for Industry, Small and
Degree in Medium Enterprises, Trade and Manpower,
Commercial Cabinet Secretariat of the Republic of Indonesia
Law • Deputy for Economic Affairs, Cabinet
Secretariat of the Republic of Indonesia
• Deputy for Maritime Affairs, Cabinet Secretariat
of the Republic of Indonesia
• Deputy Cabinet Secretary of the Cabinet
Secretariat of the Republic of Indonesia
Askolani Commissioner 54 Male • Bachelor’s • Head of National Budget Policy Center APBN Economy
Degree in Policy Center, Fiscal Policy Agency, Ministry of
Economy & Finance
Development • Director of PNPB, Directorate of PNPB,
Study Directorate General of Budget, Ministry of
• Master’s Finance
Degree in • Alternate Governor of the OPEC Fund for
Economy Indonesia OPEC Fund for International
Development
• Governor of the OPEC Fund for Indonesia OPEC
Fund for International Development (OFID),
Austria
• Commissioner of PT Pertamina Gas
• Commissioner of PT Angkasa Pura I (Persero)
• Director General of Budget, Directorate General
of Budget, Ministry of Finance
• Commissioner of PT Bank Mandiri (Persero) Tbk
Annual Report 2020

Age
(Year)
Asmawi Syam 6) Independent 65 Male • Bachelor’s • Head of the Corporate Division of Economy
Commissioner degree in PT Bank Rakyat Indonesia (Persero) Tbk
Economy • Regional Head of BRI Denpasar,
• Master’s degree PT Bank Rakyat Indonesia (Persero) Tbk
in Economy • Regional Leader of BRI Bandung
PT Bank Rakyat Indonesia (Persero) Tbk
• Head of the Consumer Banking Division of
• Head of the General Business Division of
• Director of Institutional and BUMN Business
• President Director of PT Bank Rakyat Indonesia
(Persero) Tbk
• President Director of PT Askrindo (Persero)
• President Director of PT Asuransi Jiwasraya
(Persero)
• Special Staff of the Minister of BUMN, Ministry
of BUMN
• Non-Independent President Commissioner of
PT Bank Tabungan Negara (Persero) Tbk
Susyanto 7) Commissioner 58 Male • Bachelor’s • Head of the Sub-Department for Legal Law
degree in Civil Documentation of the Directorate General of Oil
Law and Gas
• Bachelor’s • Head of Sub-Department for Formulation of
degree in Law Legislative Drafts of the Directorate General of
Oil and Gas
• Head of Sub-Department Advisory of the
Directorate General of Oil and Gas
• Head of the Department of Law and Legislation,
Directorate General of Oil and Gas
• Head of the State Property Management
Center, Secretariat General of the Ministry of
Energy and Mineral Resources
• Head of Legal and Public Relations Bureau
of the Secretariat General of the Ministry of
• Head of Legal Bureau, Secretariat General of
the Ministry of Energy and Mineral Resources
• Secretary of the Directorate General of Oil and
Gas, Directorate General of Oil and Gas
• Head of the State Property Management
Center, Secretariat General of the Ministry of
• Secretary of the Ministry of State-Owned
Enterprises
(Persero) Tbk (2020-to date).
Iman Sugema 8) Independent 56 Male • Bachelor’s • Lecturer Head of the Bogor Agricultural Institute • Agribusiness
Commissioner degree in • President Commissioner/Independent • Economy
Agribusiness Commissioner of PT Perusahaan Gas Negara
• Master’s degree (Persero) Tbk
in Economics • Commissioner of PT Bank Tabungan Negara
• Doctoral degree (Persero) Tbk
(Ph.D) in • Independent Commissioner of PT Bank Negara
Economics Indonesia (Persero) Tbk
Annual Report 2020

Corporate
Governance
Age
(Year)
Septian Hario Independent 36 Male • Bachelor’s • Lecturer and Researcher at the Department • Accounting
Seto 8) Commissioner degree in of Accounting, Faculty of Economics and • Finance
Accountancy Business, University of Indonesia
• Master’s degree • Investment Analyst at Ciptadana Asset
in International Management
Finance • Junior Auditor of PricewaterhouseCoopers
(PwC) Indonesia
• Analyst at Principia Management Group
• Finance Manager at PT Toba Bara Sejahtera Tbk
• Director/Echelon II at the Presidential Staff
Office of the Republic of Indonesia
• Expert from the Coordinating Minister for
Political, Legal and Security Affairs at the
Coordinating Ministry for Political, Legal and
Security Affairs
• Expert Staff of the Coordinating Minister for
Maritime Affairs, the Coordinating Ministry for
Maritime Affairs
• Special Staff to the Coordinating Minister
for Maritime Affairs and Investment, the
Coordinating Ministry for Maritime Affairs and
Investment
• Commissioner of PT Warung Pintar Sekali
• Deputy for Investment and Mining Coordination
at the Coordinating Ministry for Maritime Affairs
and Investment
Notes:
1)
Stop serving as President Commissioner/Independent Commissioner BNI Since February 18, 2020
2)
Serving as President Commissioner/Independent Commissioner BNI Since February 20, 2020 and effective based on OJK approval dated June 17, 2020
3)
Serving as Vice President Commissioner/Independent Commissioner BNI Since February 20, 2020 and effective based on OJK approval dated June 17, 2020
4)
Stop serving as Independent Commissioner BNI Since February 20, 2020
5)
Serving as Commissioner BNI Since 13 May 2019 and effective based on OJK approval dated March 16, 2020
6)
Serving as Independent Commissioner BNI Since February 20, 2020 and effective based on OJK approval dated June 17, 2020
7)
Serving as Independent Commissioner BNI Since February 20, 2020 and effective based on OJK approval dated July 27, 2020
8)
Serving as Independent Commissioner BNI Since February 20, 2020 and effective based on OJK approval dated August 14, 2020
POLICY ON THE DIVERSITY OF THE COMPOSITION OF THE BOARD OF DIRECTORS
As with the diversity in the composition of the Board of Commissioners, BNI’s policy on the diversity in the composition
of the Board of Directors refers to the recommendation from the Financial Services Authority as outlined in the Appendix
of the Financial Services Authority Circular Letter No. 32/SEOJK.04/2015 concerning Guidelines for the Corporate
Governance of Public Company. The regulation states that the composition of members of the Board of Directors takes
into account the diversity of members of the Board of Directors. The diversity in the composition of members of the Board
of Directors is a combination of the desired characteristics, both in terms of organs of the Board of Directors and individual
members of the Board of Directors, in accordance with the needs of the Public Company. The combination is determined
by taking into account the appropriate expertise, knowledge and experience in the division of duties and functions of the
Board of Directors’ position in achieving the goals of the Public Company. Therefore, consideration of the combination of
characteristics referred to will have an impact on the accuracy of the nominating process and the appointment of individual
members of the Board of Directors or the Board of Directors collegially.
In accordance with Article 5 paragraph (4) letter c.2 of the Company’s Articles of Association, Dwiwarna A series
Shareholders have the privilege of proposing candidates for members of the Company’s Board of Directors. Pursuant to
Article 11 paragraph (10) of the Articles of Association, members of the Board of Directors are appointed and terminated
by the GMS, where the GMS is attended by the Dwiwarna Series A Shareholders and the decision of the meeting must be
approved by the Dwiwarna A Series Shareholders with regard to the provisions in the Articles of Association.
Based on the provisions of the Articles of Association, the determination of the composition of members of the Board
of Directors that takes into account the diversity of expertise, knowledge and experience required as referred to in the
Financial Services Authority Recommendation in Attachment to the Financial Services Authority Circular Letter
No. 32/SEOJK.04/2015 concerning Guidelines for Public Company Governance is carried out by Dwiwarna Series A
Shareholders as Shareholders entitled to nominate candidates for the Directors.
Annual Report 2020

In 2020, the diversity of the composition of the Company’s Directors is reflected in education, work experience, age and
gender, which can be seen as in the table below:
Name Position Age Gender Education Working Experience Competence
Royke Tumilaar President 56 Male • Bachelor’s • Director of Treasury, FI & Special Management, credit,
Director Degree in Asset Management of Bank Mandiri risk, marketing,
Economy • Director of Corporate Banking at treasury, international,
• Master Bank Mandiri procurement, special
Business in • Director of Wholesale Banking at asset, finance, strategic
Finance Bank Mandiri planning
• Director of Corporate Banking at
Bank Mandiri
• President Director of Bank Mandiri
Adi Sulistyowati Vice 53 Female Bachelor’s Degree • Head of Jakarta Senayan Region Marketing &
President in Economy • Head of Network and Service Networking; Transaction
Director Division Banking, Loan;
• Director of Institutional Relations Operational Network
Novita Widya Managing 44 Female Bachelor’s Degree • Group Head Accounting Bank Strategic and Corporate
Anggraini Director in Economy Mandiri Plan; Performance
Finance • Group Head Strategy and Management (planning
Performance Management Bank & budgeting); Finance
Mandiri & Accounting; Risk
Management
David Pirzada Managing 52 Male • Bachelor of • Head of Commercial Portfolio Risk, Credit
Director Risk Science in Administration The Bank of Tokyo
Management Electrical • Head of Credit and Market Middle
Engineering Department The Bank of Tokyo
• Master • Head of Risk Administration
Business Department of The Bank of Tokyo
Management • Country Chief Risk Officer of The
Bank of Tokyo
• SEVP Wholeshale Risk Bank Mandiri
Henry Panjaitan Managing 51 Male • Bachelor of • General Manager BNI Hong Kong Management, Risk,
Director Economics • Head of Business & Banking Jakarta Credit, Marketing
Treasury and • Master of Senayan Regional Office
International Commerce • Head of BIN Division
• Master • Head of INT Division
Management • Head of Jakarta BSD Region
• Head of Jakarta Senayan Region
Corina Lelya Managing 52 Female Bachelor of • VP Deputy Division Head Operation Consumer Banking;
Karnalies Director Physics of Credit Card & Acquiring Product Management;
Consumer • VP Deputy Division Head Collection Collection; Portfolio
Banking Management Management;
• SVP-Head of Card Business Division
• SVP-Head of Product Development
Management
• SVP- Head of Data Management and
Analytic Division
Muhammad Iqbal Managing 47 Male • Bachelor of • Head of Consumer & Retail Business Strategic Management,
Director Engineering Risk Division Risk Management,
MSME • Master General • Head of Consumer Product Credit Underwriting,
Management Management Division Customer Relationship
• Master of • Head of Consumer Banking Business Management,
Business PT Bank Muamalat Marketing Management,
• SVP Group Head of Retail Product & Management
Transaction Risk of Bank Mandiri Consulting, Product
• SVP Group Head for Small Medium Management, Business
Enterprise & Micro Risk of Bank Banking, Consumer/
Mandiri Retail Banking
• SVP Group Head of Small Medium
Enterprise Banking of Bank Mandiri
Annual Report 2020

Corporate
Governance
Name Position Age Gender Education Working Experience Competence
Y.B. Hariantono Managing 54 Male Bachelor of • EVP, Head Special Project Bank Information Technology
Director Electrical Permata and Operations
IT and Engineering • EVP, Network Head Bank Permata
Operations • EVP, IT Head BII- Maybank
• Director of Information Technology of
Bank Mega
• Head of Information Technology Bank
BTPN
Bob Tyasika Managing 57 Male • Bachelor of • Head of Strategic Planning Division Human Capital,
Ananta Director Accounting • Director of Operations and International Banking,
Human • Master of Information Technology Treasury, Corporate
Capital and Finance • Risk Management Director Finance and Strategic
Compliance • Treasury and International Director Management
Sis Apik Managing 59 Male • Bachelor of • Head of BRI Banjarmasin Region Management Strategic;
Wijayanto Director Business • BRI Head of Jakarta 2 Region Institutional Relations;
Institutional Administration • Director of Funding & Distribution Operational
Relation • Master of BTN
Management • Director of Consumer BRI
• Director of Institutional Relations BRI
Silvano Winston Managing 42 Male • Bachelor of Art • President Director PT Mandiri Finance, Capital Market,
Rumantir Director • Master in Sekuritas Corporate Banking
Corporate Finance • Advisor PT Mandiri Sekuritas
Banking • SEVP Corporate Banking Bank
Mandiri
• Director of Finance dan Strategi Bank
Mandiri
Ronny Venir Managing 53 Male • Bachelor • Head of Padang Regional Office Management, Credit
Director degree • Head of Jakarta Kota Regional Office and Risk
Services and in Animal • Head of Small Business Division
Networks Husbandry • SEVP of Medium Business
• Master in • SEVP of Network
Agribusiness
Annual Report 2020

Good Corporate Governance Assessment
The GCG Assessment is an attempt to measure or implementation process produces outcomes that
map the company’s condition in the current GCG match the expectations of the Bank’s stakeholders.
implementation. This is undertaken to ensure the level of Included in the Bank’s governance structure is the
GCG implementation, and to identify appropriate measures GMS, Board of Commissioners, Board of Directors,
to prepare an infrastructure and corporate structure that Committees and work units at the Bank. The Bank’s
is conducive to effective implementation of GCG. In other governance infrastructure, such as the organizational
words, the GCG assessment is needed to identify the structure of Bank policies and procedures,
aspects that need attention first, and the steps that can be management information systems and the main
taken to make it happen. BNI conducts GCG Assessments tasks and functions of each organizational structure.
periodically and consistently each year, consisting of a Self Governance Structure is an assessment aspect on the
Assessment in accordance with BI/OJK and Third Party fulfillment of corporate structure and infrastructure in
Assessment as follows: applying GCG as measured through the governance
structures which includes:
a. Shareholder Composition as a Company
SELF ASSESSMENT Body; the structure and function of the
persons responsible for the implementation
BNI conducts its self assessment of the application of the of GCG; ethics enforcement; information
principles of Good Corporate Governance (Transparency, disclosure; supervisory and audit; human
Accountability, Responsibility, Independence, as well resources management; operational/production
as Fairness and Equality) based on SEOJK No. 13/ responsibility; the marketing responsibility,
SEOJK.03/2017 concerning the Good Corporate finance; risk management, information technology
Governance for Commercial Banks, POJK No. 55/ management; stakeholder relations; procurement
POJK.03/2016 concerning Good Corporate Governance for of goods and services; as well as change
Commercial Banks, POJK No.21/POJK.04/2015 concerning management.
Corporate Governance Guidelines, OJK Circular Letter b. Compliance company policies is mainly related
No. 32/SEOJK.04/2015 concerning Corporate Governance to the enforcement of GCG functions in
Guidelines, and OJK Circular Letter No. 4/POJK.03/2016 conducting the company’s operations, which
concerning Bank Rating on GCG Implementation for include guidelines and policies related to GCG,
Commercial Banks, and Bank Indonesia Regulation on ethics, information disclosure, supervision and
Bank Rating, one of the Bank Rating points is a self audit as well as compliance, human resource
assessment on the implementation of Good Corporate management, operations/production, marketing,
Governance (GCG) principles in the Bank. Self Assessment finance and accounting, risk management,
are conducted periodically each semester in June and information technology governance, relationships
December in the current year. with stakeholders.
GCG assessment is also intended to produce a 2. Governance Process

Governance Rating which is a factor in determining the The governance process assessment aims to assess
Bank’s Soundness. This assessment is carried out on the effectiveness of the process of implementing
3 (three) aspects of the Governance system, namely GCG principles supported by the adequacy of the
the structure, process and results of the Governance Bank’s governance structure and infrastructure so
of 11 (eleven) Assessment Factors of Governance as to produce outcomes that are in line with the
Implementation. The three aspects are as follows: expectations of the Bank’s stakeholders. Governance
1. Governance Structure Process Governance Process is an assessment aspect
Governance structure assessment is aimed ad on the implementation of company systems and
assessing the adequacy of Bank’s GCG governance mechanisms in applying GCG as measured by:
structures and infrastructures so that the • Implementation of GCG, ethics, information
disclosure, supervision and audit as well as
Annual Report 2020

Corporate
Governance
compliance, human resource management, 9. Provision of funds to related parties and large
operations/production, marketing, finance and exposures.
accounting, risk management, information 10. Banks’ financial and non financial condition
technology governance, relationships with transparency, reports on the implementation of
stakeholders and so on. good corporate governance and internal reporting.
• Corporate governance mechanisms include GCG 11. Strategic Plan.
implementation mechanisms and processes,
ethics enforcement, information disclosure, The Bank is obliged to conduct a Self Assessment for the
monitoring and auditing and compliance, GCG implementation. The GCG Self Assessment results
human resource management, operations/ for 3 (three) years can be seen in the table below:
production, marketing, finance and accounting,
risk management, information technology Description Year 2020 Year 2019 Year 2018
management, stakeholder relations.
Composite Score 2 2 2
3. Governance Outcome
Governance Outcome is an assessment aspect on
the results of the implementation of the company’s ASSESSMENT RESULT
system and mechanisms in applying GCG as
measured through GCG Implementation Results, In the first semester of 2020, BNI conducted an individual
including outputs and outcomes of the processes GCG self-assessment and submitted it to the OJK, with
of GCG, ethics, information disclosure, supervision the following results:
and audit as well as compliance, human resource
management, operations/marketing, finance and Self Assessment Results of the GCG Implementation
Semester I/June 2020
accounting, risk management, information technology
governance, relationships with stakeholders and Rank Rank Definition Trend
others.
2 “This shows that the Bank’s Management Stable
has implemented a Governance that
As an evaluation of the GCG implementation, BNI have is generally fairly good as reflected in
adequate compliance with the principles
evaluated and measured the BNI GCG implementation of Governance. In the event that there
through a self assessment based on the Regulation are weaknesses in the application of
of Financial Services Authority No. 55/POJK.03/2016 Governance principles, in general these
weaknesses are insignificant and can be
on the implementation of Governance for Commercial resolved by normal actions by the Bank’s
Banks which measures the implementation of GCG Management. Currently the Bank is
continuing to make corrective actions to
from 11 aspects comprising: follow up on Regulators’ findings.“
1. The Board of Commissioners’ tasks and
responsibilities implementation.
2. The Board of Directors’ tasks and responsibilities
implementation.
3. Committee’s tasks completion and
implementation.
4. Conflicts of interest handling.
5. Compliance Implementation.
6. Internal audit function application.
7. External audit function implementation.
8. Risk management implementation, including the
internal control system.
Annual Report 2020

In semester II of 2020, BNI conducted a GCG self- c. Governance outcome

assessment and submitted it to the OJK, with the Improved implementation of Good Governance
following results: brought positive impact on BNI’s performance,
namely in the midst of global uncertainty due to
Self Assessment Results of the Second Semester/ the impact of the Covid-19 Pandemic, BNI is still
December 2020 GCG Implementation
able to maintain its performance and ensure that
Ranking Rank Definition Trend banking operations are carried out properly and
prudently.
2 “This shows that the Bank’s Management Stable
has implemented a Governance that
is generally fairly good as reflected in Gratuity control and the Anti-Bribery Management
adequate compliance with the principles
of Governance. In the event that there
System at BNI have also been implemented
are weaknesses in the application of properly, as evidenced by:
Governance principles, in general these 1) BNI received ISO 37001: 2016 certification
weaknesses are insignificant and can be
resolved by normal actions by the Bank’s on the Anti-Bribery Management System
Management. Currently the Bank is (SMAP) on August 11, 2020.
continuing to make corrective actions to
follow up on Regulators’ findings.“ 2) BNI Gratification Control Unit (UPG) was
selected as the Best UPG Rank I in 2020 for
the BUMN/BUMD category, given by the
KPK on the commemoration of World Anti-
The ranking above is based on the strengths and Corruption Day (Hakordia)
weaknesses of GCG implementation in BNI in 2020 as
follows: 2. Weaknesses in the implementation of Corporate
Governance:
1. Strengths of the implementation of Corporate a. Governance structure
Governance: None
a. Governance structure b. Governance process
1) The completeness of the BNI Governance Overall, the governance process is carried
structure has met the established out well in every business activity and Bank
requirements so as to support the operation, however, there are still cases of fraud
implementation of Governance in every unit and sanctions from regulators. Therefore, it is
in BNI. necessary to optimize the implementation of the
2) The implementation of Good Governance Bank’s internal control system.
at BNI is also supported by the structure
of the Internal Audit Unit, the Bank’s Risk To that end, the Bank has made several efforts to
Management Division, and the professional improve, including through the establishment of
and independent Compliance Division. the Forum for Governance, Risk, and Compliance
3) Every BNI Hi-Movers is committed to (GRC), which consists of all units in the first
implementing good governance in BNI, line, second line and third line, which regularly
which is manifested in the establishment of holds regular meetings to discuss improvements
BNI’s sixth mission, which is “to become a in control implementation. Internal and Anti-
reference in implementing compliance and Fraud Strategies at BNI, as well as reviewing
good corporate governance for the industry.” IT systems, organizations, and enhancing the
Onboard Supervision System to minimize fraud
b. Governance process and sanctions from regulators.
1) In general, the GCG implementation process
has been well implemented as reflected in In addition, to minimize the occurrence of
the fulfillment of BNI’s obligations as a Bank compliance risks related to fraud in the next
and Issuer to all BNI stakeholders. period, the Compliance Division has taken
2) The decision-making process for both preventive and corrective measures by
business and non-business has been carried conducting Monthly Fraud Meetings (MFM) to
out based on the principles of Governance identify the root causes of fraud, as lessons
so as to increase efficiency and achieve the learned and formulating corrective actions as
company’s targets. prevention efforts. recurrence of fraud incidents
which are followed up by the Implementation
Annual Report 2020

Corporate
Governance
of Anti-Fraud Committee on a regular basis. In BNI has completed all the requirements and stages of
addition, to minimize the occurrence of fines, the 2019 CGPI assessment, in which the results showed
the Compliance Division has taken preventive very good results and received the predicate of the “Most
and corrective measures by conducting Monthly Trusted Company”. CGPI assessment results in 2015-2020
Penalty Meetings (MPM). This is to identify are as follows.
the root causes of the imposition of external
sanctions/fines from regulators as lessons learned CGPI Score
and to formulate corrective actions in an effort to
prevent external sanctions from regulators.
90,74
89,74
c. Governance Outcome 88,38
87,46 87,73
During 2020, there are still sanctions imposed in
the form of reprimands and fines by regulators,
thus showing the need for optimization of risk
awareness and an internal control system in all
business and operational lines. 2016 2017 2018 2019 2020
CORPORATE GOVERNANCE PERCEPTION

INDEX (CGPI) CGPI Assessment Result Fiscal Year 2018-2020
Indicator 2020 2019 2018
BNI actively participates in Corporate Governance
Perception Index (CGPI) held by The Indonesian Institute Governance Structure 24.59 31.39 31.39
for Corporate Governance (IICG). BNI’s participation in the Governance Process 33.01 28.84 28.84
program aims to evaluate GCG implementation in BNI. The Governance Outcome 33.14 29.51 29.51
evaluation results are a reference for BNI to improve the CGPI Score 90.74 89.74 89.74
future GCG implementation.
The 2019 CGPI which was carried out in 2020 with In the last 5 (five) years, the assessment given by IICG in
assessment aspects of the 2019 CGPI include governance regard to BNI’s participation in CGPI has always increased.
structure, governance process, and governance This shows that the implementation of GCG in BNI is
outcome. CGPI’s assessment uses a mandatory GCG getting better from year to year.
implementation and generally applicable best practices
as well as approaches to stakeholders’ perspectives
where the relationship with all stakeholders is increasingly
important in maintaining the Company’s business
sustainability in the long run.
Annual Report 2020

The recommendations obtained by BNI from CGPI on the 2018 fiscal year which were implemented in 2019 and have been
followed up are as follows.
CGPI Recommendation and Follow-Ups
No Recommendation Follow-Up
1. Governance Structure
a. BNI shall determine the division of duties for The supervisory function of the Board of Commissioners has been well executed and
the Board of Commissioners based on the divides each member of the Board into Committees to support the implementation of
supervisory function and providing advice effective oversight.
on the division of duties of the Board of
Directors as needed effectively.
b. b. BNI shall consider and respond to issues In 2020, there will be 1 member of the Board of Commissioners, namely Mrs. Ratih
of gender diversity in the composition of Nurdiati and 2 members of the Board of Directors of the female gender, namely Mrs.
members of the Board of Commissioners Corina Leyla Karnalies and Mrs. Novita Widya Anggraini.
and Directors.
c. BNI shall develop a mechanism and carry The preparation of short-term to long-term work plans has taken into account the
out a mapping of business stakeholders, analysis and evaluation results of all BNI’s main stakeholders (investors, customers,
analysis of trade offs of each stakeholder employees, communities and government), who are listed in BNI’s mission.
2 Governance Process
a. BNI shall optimize the implementation Through the implementation of Integrated Governance for all members of the BNI
of GCG principles and practices in all Financial Conglomeration (BNI Group), BNI is actively aligning efforts to improve the
subsidiaries, as well as an evaluation by implementation of GCG in all subsidiaries, including involving third parties in formulating
external parties. the roadmap for implementing GCG in the BNI Financial Conglomeration.
b. BNI shall develop a system and mechanism 1. BNI has a corporate work culture of Principle 46, its implementation journey (before
for strengthening corporate culture and becoming an employee and while being an employee), and a measurement system
evaluating the measurement of the for its application through the Work Culture Survey.
implementation of corporate culture. 2. The Work Culture Survey is measured annually for all BNI employees. The results
of the survey are made into reports and the scores obtained are compared with the
best practice benchmark data set in the first measurement year in 2010.
c. BNI shall optimize anti-fraud policies, 1. The Anti-Fraud Strategy PP has been updated on 18-05-2020 to conform to POJK
guidelines, systems and mechanisms as No. 39/POJK.03/2019 concerning Implementation of Anti-Fraud Strategy for
well as carry out its internalization and Commercial Banks.
socialization periodically. 2. Anti Fraud Commitment signed by the Board of Commissioners in February and
March 2020, as well as all employees through the DigiHC Application in May 2020.
3. Raising employee awareness that fraud prevention is a joint responsibility, namely
through lessons learned and awareness of fraud incidents, anti-fraud awareness
comics, in-class training, mandatory e-learning, materials and DEEP 46 modules.
4. Awareness regarding efforts to prevent fraud against third parties, including:
Inclusion of clauses prohibiting gratification in PKS and socialization.
5. Implementation of the Governance, Risk and Compliance (GRC) Forum to discuss
future strategies.
6. Implementation of the Compliance Index (CIX) as an assessment tool to measure
and ensure the implementation of the compliance function at all
d. BNI must optimize its internal control One of the objectives of the IAU audit is to evaluate the adequacy of the effectiveness
system and mechanism, as well as and quality of risk management as well as the adequacy of internal controls and the
periodically evaluate its effectiveness. quality of performance achievement. Evaluation is carried out through regular audits/
reviews of the audit team as well as the Dedicated Auditor conducted in each unit.
Efforts to Strengthen BNI Internal Control, namely
1. Strengthening First Line
2. Placement of Dedicated Auditor
3. Dedicated Auditor for each delivery channel unit under the supervision of SKAI dhi.
SAI
4. Strengthening Second and Third Line
5. Optimization of the GRC Forum
e. BNI shall optimize communication systems 1. Incentive communication and coordination between members of the Audit and
and mechanisms as well as intensive and Audit Committee and the External Auditor/KAP have been carried out to support the
clear coordination between members of the implementation of supervision, including:
Audit Committee and Internal Audit/SPI and 2. Periodic communication with the Audit Committee. SAI acts as a counterparty with
the External Auditor/KAP who have been the external auditors (BPK, OJK, BI) and monitors the completion of the follow-up of
selected by the GMS in the implementation the audit results and their reporting.
of the supervisory function, so that the 3. Communicating with KAP to support the audit process, among others in the form
output of the audit results can be used of fulfilling the SAI Audit Result Report as one of the data requested by KAP in
to optimize the supervisory program by conducting the audit.
company organs.
Annual Report 2020

Corporate
Governance
No Recommendation Follow-Up
3 Governance Outcome
a. From the trend of BNI’s financial 1. Reviewing and monitoring of BNI’s financial performance is always carried out in
performance over the last 3 years, there the prognosis of BNI’s financial performance.
has been dynamic growth, so that BNI must 2. The preparation of the prognosis for BNI’s financial performance takes into account
continue to increase performance growth the bank’s business strategy, economic conditions and the latest accounting
by always maintaining the principles of policies while maintaining the principles of prudence and structured and systematic
prudence and implementing structured and risk implementation through synergistic coordination between BNI units.
systematic risk management. 3. The strategy for implementing risk management at BNI is based on 4 pillars which
are aligned with the business strategy. The four pillars consist of active supervision
of the Board of Directors and the Board of Commissioners, the adequacy of policies
and procedures as well as risk management limits, the adequacy of the process
of identification, measurement, monitoring and risk control, and the adequacy of
a comprehensive internal control system on risk management implementation
supported by an information system risk management.
b. BNI shall develop follow-up actions for 1. BNI has company guidelines related to standard operating procedures in handling
handling and resolving legal problems faced legal issues faced by the company, both those that are managed by the head office
by the company. and regional offices.
2. Optimizing the use of senior advisor services in determining strategies for handling
and resolving legal problems faced by BNI.
3. BNI has collaborated with law enforcement agencies to optimize the handling and
resolution of legal problems at BNI.
4. Handling of legal issues by BNI is carried out based on the principles of prudence
and the principles of Good Corporate Governance by referring to the prevailing laws
and regulations.
ASEAN CORPORATE GOVERNANCE SCORECARD (ACGS)
In order to improve good corporate governance practices, BNI participated in the ASEAN Corporate Governance Scorecard
assessment, which is one of the initiatives of the ASEAN Capital Market Forum which aims to improve the standards and
practices of corporate governance of public companies in ASEAN, enhancing global viability of public companies in ASEAN
with good corporate governance and showing the global community that ACGS participating companies are a good place to
invest.
The ASEAN CG Scorecard uses parameters based on the principles of corporate governance issued by The Organization for
Economic Cooperation and Development (OECD) as follows:
a. Rights of Shareholders
b. Equal Treatment of Shareholders
c. The Role of Stakeholders
d. Disclosure and Transparency
e. Responsibilities of the Boards.
The assessment results show that the overall weighted score of the Company is 97.02 points and gets a predicate of “Very
Good” or Level 4 (90-100.00), with the definition that the GCG practices conducted by BNI have fully adopted international
standards.
No. Assessment Component Fiscal Year 2020 Fiscal Year 2019
1. Shareholders Rights 9.52 9.05

2. Equal Treatment to Shareholders 6 6
3. Roles of Stakeholders 15 15
4. Disclosure and Transparency 21.88 23.44
5. Responsibilities of the Board of Commissioners 35.63 33.13
6. Bonus 11 11
7. Penalty (2) (2)
Total Score 97.02 (Very Good) 95.61 (Very Good)
Annual Report 2020

For this assessment, the Company received recommendations as a reference for improvement in the implementation of
the Company’s GCG practices in the future. On the recommendation, the Company has carried out the following follow-up
actions:
No. Recommendation Follow Up
1. BNI is expected to be able to announce the results of the AGMS to the public The process of announcing the summary of the GMS
as soon as possible within 1 working day. In order for the announcement of the minutes is currently in accordance with applicable
AGMS results to be carried out immediately, the Bank can use the website (by regulations in Indonesia, however BNI always strives to
still informing the date or time of uploading the information). be able to accelerate the delivery of information on the
Annual/Extraordinary General Meeting of Shareholders
so that it can meet these criteria.
2. The bundling agenda can be resolved by the company if the voting process for The voting process for the agenda for changes to the
the agenda related to changes in the membership composition of the Bank's composition of the management is in accordance with
Commissioners/Directors (election or re-election of new members of the the applicable regulations in Indonesia, however BNI
Board of Commissioners and/or Directors) is carried out individually per each always strives to be able to expedite the submission
candidate, so not through voting on the candidate pack that has been going on of information on the Annual/Extraordinary General
so far. Meeting of Shareholders so that it can meet these
criteria.
3. In the invitation or summons for the AGM, it is recommended that an explicit The publication of the profile of the candidate
explanation be disclosed of the profile (candidates) of the new commissioners Management who will be appointed at the GMS at the
or directors who will be appointed at the AGMS. At a minimum, the disclosure time of submission of the invitation to the GMS, will be
includes age, qualifications, date of joining the company, experience, and our material for revision in the future GMS, with due
concurrent positions in other public companies. An explanation of the profile observance of the prevailing regulations in Bank SOE.
can be presented explicitly in several alternative sources of information,
including in the document or explanation of the AGMS invitation (AGMS
invitation), supporting materials or attachments to the AGMS, company
website, and Annual Report.
4. 4. Identify and disclose the identity or name of the external auditor who will The Company will pay attention to it in the next GMS
be appointed to audit the financial statements for the current period. For the
identity or name of the external auditor, what is meant here is the name of a
person, not the name of the KAP.
5. Make rules or policies regarding the reporting period (maximum 3 days) for The mechanism for reporting transactions for a
trading transactions of company shares carried out by the Board of Directors/ maximum of 3 (three) working days by the Board of
Commissioners and put it in the Corporate Governance Guidelines or Board Directors and the Board of Commissioners has been
Charter. So any change in the ownership of the Bank's shares by members of implemented with reference to applicable regulations
the Board of Commissioners and the Board of Directors as far as possible is and has been regulated in the Board Manual for the
submitted to the Corporate Secretary no later than 3 (three) working days from Board of Directors and the Board of Commissioners.
the date of the transaction. Furthermore, the Corporate Secretary will process
the reporting to the OJK and IDX.
6. The policy on RPT should be reviewed and include provisions governing the To facilitate this, BNI has prepared provisions for
prohibition of loans or ensure that the permitted loans for members of the providing loan facilities for the Board of Directors and
company's commissioners and directors are carried out in a fair transaction and the Board of Commissioners.
at a fair interest rate/market interest rate.
7. BNI is advised to formulate and disclose policies that require that RPT be The Company already has this policy with reference to
carried out fairly (fair and arms' length transaction). the applicable regulations in the banking industry.
8. Explicitly discloses information in the annual report regarding the dividend The dividend payment policy has been disclosed in the
payout policy (c/o: target dividend payout ratio or dividend per share) for the Bank's Annual Report. For a more complete disclosure
assessed financial year (not dividend policy for the previous financial year). This there will be further improvements.
policy applies both to companies that decide to pay dividends or not to their
shareholders on the company's operating performance in the fiscal year being
assessed.
9. In accordance with the requirements of international standard corporate All share transactions by the Board of Directors and the
governance principles, including ACGS, BNI should disclose share transactions Board of Commissioners have been disclosed by the
by board members. If no transactions were made by the Board, this should Company in accordance with applicable regulations,
also be disclosed. including members of the Board who do not make
transactions.
10. It is recommended that the non-audit fee be not greater than the audit fee The formulation of fees for audit services and their
itself, because it is feared that it will interfere with the independence of disclosures will be of concern in the next procurement.
the Public Accounting Firm. Companies can use different public accounting We are currently maintaining the independence of KAP
services for audit and non-audit services. so that the credibility and trust of stakeholders are well
maintained
11. BNI is advised to add the duties and responsibilities of the audit committee to Has become part of the duties and responsibilities of
be able to recommend selecting and replacing the public accounting firm that the Audit Committee as stated in the Audit Committee
audits the company document.
Annual Report 2020

Corporate
Governance
No. Recommendation Follow Up
12. It is necessary to make policies that require quorum requirements in decision- It will be the Company's concern in reviewing the
making meetings by the Board of Commissioners, namely a minimum of 2/3 amendments to the Articles of Association and the
members who must attend (replacing the current quorum requirement which is Board of Commissioners Meeting Rules.
only more than 1/2 the number of commissioners present).
13. The circulation of meeting materials should be accepted by each member of The Bank has established rules and procedures for
the board of commissioners no later than five (5) working days prior to the the work of the Board of Directors and the Board of
implementation of the board of commissioners meeting. Commissioners which stipulate the delivery of meeting
materials in accordance with applicable regulations.
14. Companies are advised to disclose the remuneration policy for directors, The Bank has disclosed its remuneration policies related
including the president director. The remuneration policy referred to includes all to guaranteed income as well as short-term incentives
types of allowances and in-kind, not limited to providing short-term incentives, and long-term incentives (Long Term Incentives). ) by
but also includes long-term incentives and incentives based on company always adjusting to the company's performance.
performance. Thus, the remuneration policy/practice of members of the board
of directors should at least detail the basic salary, incentives or bonuses paid
in the short term (annual bonus) and long term (in the form of deferred stock).
Performance measurement as the basis for determining bonuses (short-term
and long-term), such as operating margin, free cash flow, or ROE, etc., should
be disclosed.
15. Companies are advised to clarify the disclosure criteria and performance The Board of Commissioners' annual performance
appraisal process for each member of the board of commissioners individually. assessment has been carried out in accordance with the
prevailing laws and regulations in Indonesia.
16. The use of electronic voting is primarily to facilitate the voting rights of Since the holding of the Annual GMS for the 2020
shareholders who are unable to attend (absentia) in the voting process at Financial Year, the Company has used e-Proxy, which
the time of the GMS (Annual GMS or Extraordinary GMS) for each agenda or is an online voting and power system. This system can
agenda item of the meeting. facilitate absentia shareholders.
17. The OJK Regulation concerning the GMS issued in December 2015 requires BNI will perform a GMS Summon within the time frame
companies to send summons to the shareholders for an annual GMS within at required in the OJK provisions concerning the holding
least 21 calendar days. However, the 67 summons for GMS mechanism itself of a GMS.
allows the company to convey information regarding the summons to the GMS
to shareholders within 28 calendar days prior to the implementation of the
GMS..
18. (vesting) within 3 or 5 years (depending on the company's remuneration policy. In the Annual Report, the Company has disclosed the
Disclosing the remuneration of the President Director or President Director in basic salary, allowances, facilities and incentives, both
detail at least includes the basic salary, incentives or bonuses paid in the short in the short term (Tantiem) and long term (Long Term
term (annual bonus) and long term (in the form of deferred stock) ) who gave). Incentive) of the Board of Directors.
19. BNI may consider the appointment/appointment of women from independent In proposals from the Nomination Committee to the
parties (independent commissioners) in proposing to increase the number General Meeting of Shareholders, women candidates
or change the composition of commissioners in the company's Board of from independent parties will always be proposed/
Commissioners as stated in the recommendations/action plan considered.
20. BNI may consider formulating policies that clearly regulate the diversity of the This will be BNI's attention in formulating nomination
composition of the company's board of commissioners, accompanied by the policies for management and supervisory elements.
establishment of targets and reports on the progress (progress) or achievement
of these diversity targets/goals.
21. BNI can strengthen the role of the Board of Commissioners by empowering Currently, the Company has a Nomination and
a nomination committee with a composition of 100 percent independent Remuneration Committee consisting of Independent
members. Independent members do not have to be independent Commissioners and non-Commissioner Independent
commissioners, but may come from outside parties who meet the parties to strengthen the implementation of the duties
independence requirements. of the Board of Commissioners.
22. Undertake the process of identifying the quality of directors aligned with This has become part of the functions of the Nomination
the company's strategic directions in the job description or the duties and and Remuneration Committee..
responsibilities of the nomination/remuneration committee and ensure its
implementation.
23 BNI has the ability to use Professional search firms not only to get candidates BNI to carry out a search for candidates in accordance
for Directors, but also to get candidates for Commissioners. with applicable regulations. If necessary, the Company
can use professional parties,
Annual Report 2020

SUPERIOR PERFORMANCE ASSESSMENT find out the strengths and weaknesses of the Company.
CRITERIA The Company’s weaknesses that are encased in OFI
become learning, as well as a source of inspiration
Building superior performance is a major demand for and triggers for BNI to make improvements in various
SOEs in achieving financial and non-financial performance. fields. KPKU assessment criteria consist of a number of
In order to increase capability and competitiveness, the questions representing the fundamental aspects of the
Ministry of State-Owned Enterprises (BUMN) decided to management of company/organization in the context
build and implement a management and control system of achieving superior performance. Such questions are
for BUMN performance based on Superior Performance classified in seven categories, as follows:
Assessment Criteria (KPKU).KPKU is a performance 1. Leadership
management and control system prepared by the Ministry 2. Strategic Planning
of BUMN as the standard guidelines for the Ministry of 3. Focus on Customers
SOE and all SOEs in building, managing, and empowering 4. Measurement, Analysis, and Management of
their company’s systems and resources to achieve superior Knowledge
performance. 5. Focus on Manpower
6. Focus on Operation
KPKU assessment criteria were adopted from the Malcolm 7. Business Results
Baldrige Criteria for Performance Excellence (MBCfPE) and
have been implemented in SOE since 2012 as per Ministry For BNI, as one of the SOEs implementing KPKU, the
of SOE Letter No. S-153/S.MBU/2012 dated July 19, 2012. evaluation process of the above seven categories will
BNI made the Malcolm Baldrige Criteria for Performance result in performance improvement feedback (OFI/
Excellence (MBCfPE) performance evaluation system since Opportunity For Improvement), and a performance rating
2005, as part of the Bank’s performance development with a world class rating standard because SOE’s KPKU is
framework, to continue its implementation in the form of extracted from Malcolm Baldrige Criteria, which is indeed
the KPKU BUMN. designed to assess the company’s performance based on
the characteristics of world-class companies. The rating
Through the implementation of the KPKU framework, performance is divided into several levels, which are:
BNI gained a comprehensive picture of the Company’s
condition from various aspects, both process and results.
Through the portrait of the Company’s condition, BNI can
World
Leader
Benchmark
Leader
Industry
Emerging Leader
Industry
Leader
Good
Performance
Early
Improvement
Early
Result
Early
Development
Annual Report 2020

Corporate
Governance
Through KPKU framework implementation, BNI obtains every semester as required in the Financial Services
a comprehensive picture of the company’s condition Authority Circular No. 13/SEOJK.03/2017 dated
from various aspects, either the processes or the results. March 17, 2017 concerning the Implementation of
Through a portrait of the company’s condition, BNI can Governance for Commercial Banks. Furthermore, OJK
acknowledge the company’s strengths and weaknesses. will conduct an evaluation or evaluation of the Report
The Company’s weakness as wrapped up in OFI becomes (Self Assessment) on the Implementation of the
a study, as well as a source of inspiration and trigger for Bank’s Governance.
BNI to make refinements and improvements in various
fields. The Self Assessment criteria of the Board of
Commissioners related to GCG implementation are
Since implementing MBCfPE system in 2005 and KPKU Governance Structure, Governance Process, and
starting in 2012, the assessment results have shown Governance Outcome.
that BNI’s KPKU score always increases from time to
time. Based on the results of the 2019 KPKU assessment The Board of Commissioners ‘Performance Assessment
that took place in the second quarter 2019, BNI have in 2019 is reflected in the achievement of the Board of
succeeded in obtaining the “Industry Leader” Band Score, Commissioners’ Annual Work Program/Annual Work Plan
successfully raised the Band Score from the “Emerging in 2019, which was entirely achieved.
Industry Leader”.
BOARD OF DIRECTORS ASSESSMENT

BOARD OF COMMISSIONERS’
PERFORMANCE ASSESSMENT The performance of the Board of Directors and each
member of the Board of Directors will be evaluated
The Board of Commissioners Performance Assessment is by the Board of Commissioners and submitted to the
conducted through a variety of procedures or mechanisms Shareholders at the GMS.
as follows:
1. The Board of Commissioners Performance Board of Directors Assessment Using the
Assessment by GMS The Board of Commissioners Superior Performance Assessment Criteria
Performance Assessment is conducted by the Method (KPKU)
Shareholders at the AGMS upon the submission of the
Board of Commissioners’ oversight duties report to Ministry of SOE specifically determines the performance
the AGMS in the Company’s Annual Report, whereby assessment of SOE’s Board of Directors by using KPKU
based on the report the AGMS declares and grants method through Letter No. S-153/S-MBU/2012 dated July
acquit et de charge to the Board of Commissioners for 19, 2012, on Performance Reporting Based on SOE’s
the supervisory measures conducted in the Fiscal Year Superior Performance Assessment Criteria Approach.
at the end of the year.
2. Based on the achievement of the Board of KPKU Assessment Implementation
Commissioners Work Plan established at the Procedure
beginning of the year The procedures for implementing KPKU Assessment are
3. Performance Evaluation of the Board of as follows
Commissioners through the preparation of the 1. The Ministry of SOE establishes SOE Excellent Forum
Self Assessment of the Implementation of Bank (FEB) which is tasked with implementing Assessment.
Governance. 2. The Ministry of SOE delivers the FEB Team to the
Bank as personnel who carries out Assessment in the
The performance evaluation of the Board of Bank.
Commissioners is also carried out through self- 3. The FEB Team conducts Assessment and makes
assessment of the implementation of the duties conclusions or assessment results.
and responsibilities of the Board of Commissioners 4. The FEB team submits the Assessment results to the
as part of the Report (Self Assessment) on the Ministry of SOE to be approved.
Implementation of Bank Governance that must be 5. The Ministry of SOE determines the Assessment
submitted by BNI to the Financial Services Authority results.
Annual Report 2020

KPKU Evaluation Criteria
KPKU Version of Perspective KPKU Performance Measurement Indicators
Leadership, Governance, and Social • GCG Implementation Quality

Responsibility • Compliance Level/fulfillment of SOE portals (assets, PKBL, FIS, HR, Public)
• Strategic Proper level of the Bank’s performance rating assessment program in environmental
management.
• The suitability level of capital expenditure (capex) preparation with the company needs and
synchronization with MP3E
Strategic Planning • Objective strategy development and action plan of strategy implementation
• Strategy Implementation
Focus on Customers A measure that shows the Bank’s sincerity in achieving, retaining, expanding, and creating markets
and customers.
Focus on Manpower • Workforce Capability and Capacity
• Environment
• Employee Development and Engagement
Effectiveness of Product and Process • Percentage of business process improvement
• The utilization level of production equipment
• Risk management implementation quality
• Measures showing the Bank’s achievements in creating value from products/services, which are
realized by appropriate operational planning
• SOE Synergy
Finance and Market • Profitability
• Revenue growth
• Efficiency/Cost
• Market Growth
• Market Control
The Party Conducting Kpku Assessment

The party conducting the KPKU Assessment are the Team from FEB and the Ministry of BUMN.
KPKU Assessment Results

The assessment results show that the KPKU BNI score has always increased from time to time. Based on the results of the
2019 KPKU assessment which took place in the second quarter of 2019, BNI managed to increase the Band Score, from
“Emerging Industry Leader” to “Industry Leader” Band Score. In 2020 there was no KPKU assessment.
Corporate Governance Perception Index (Cgpi)

As a component in the assessment of the Board of Directors’ work in the field of Corporate Governance, the measurement
of the assessment uses the results of an independent party assessment conducted by The Indonesian Institute for
Corporate Governance (IICG).
Annual Report 2020

Corporate
Governance
Assessment of Board of Directors Performance Using Key Performance Indicator (Kpi)

The performance evaluation of the Board of Directors through KPI is carried out with a 100% collegial pattern measured
based on 5 (five) KPKU perspectives and the achievement of the implementation of BUMN duties as agents of
development:
Perspective No KPI Unit
Assessment Criteria of Finance and Market 1 Earning After Tax – EAT Rp T

Excellent Performance
(KPKU) 2 Market Cap Growth %
3 NPL Ratio %
4 Cost to Income Ratio %
Focus on Customers 5 Results of customer satisfaction surveys by independent Ranking
surveyors
6 Implementation of the PAB that has been approved by %
the OJK
Effectiveness of Product and 7 Increasing digitalized banking products and services %
Process
8 Growth of branchless banking agents Number
9 Development of an online subrogation system for KUR Unit
Focus on Manpower 10 Employee Productivity Rp/Worker
11 Employee Engagement Survey Score
Leadership, Governance, and 12 KPKU Score Score
Social
Responsibility 13 Realization of Distribution of Partnership and Community
Development Programs
• Partnership Program % to Budget
• Community Development
14 Corporate Governance Perception Index Score
Annual Report 2020

Remuneration Board of Commissioners
POLICY ON REMUNERATION OF THE Based on the resolution of the BNI Annual GMS for the
BOARD OF COMMISSIONERS 2020 Financial Year the GMS decided:
1. Approve to grant authority and power to the Dwiwarna
Remuneration Governance Series A Shareholder to determine the amount
The Board of Commissioners’ Remuneration Governance of tantiem for the 2019 fiscal year, as well as to
Policy refers to/is guided by the Financial Services determine the salary/honorarium, allowances, facilities
Authority Regulation No. 45/POJK.03/2015 dated and other incentives for members of the Board of
December 23, 2015 concerning Implementation of Commissioners for 2020;
Governance in Providing Remuneration for Commercial 2. Agree to grant authority and power to the Board of
Banks, as well as the Regulation of the Minister for Commissioners by first obtaining written approval
State-Owned Enterprises which regulates Guidelines from the Dwiwarna Series A Shareholder to determine
for Determination of Income for Directors, Board of the amount of tantiem for the 2019 fiscal year and
Commissioners and Supervisory Board for State-Owned determine the salary/honorarium, benefits, facilities
Enterprises and other incentives for members of the Board of
Directors for 2020.
Based on BNI’s Articles of Association, members of the
Board of Commissioners receive honorarium and benefits/ Procedure for Remuneration
facilities including bonuses and retirement benefits, the Determination
types and amounts of which are determined by the GMS n general, the procedure for determining the remuneration
with due observance of the prevailing laws and regulations. of the Board of Commissioners is carried out in the
following stages:
The Board of Commissioners supervises the 1. The Nomination and Remuneration Committee
implementation of the Remuneration Policy and evaluates the remuneration policies applicable to the
conducts periodic evaluations through the Nomination Board of Commissioners;
and Remuneration Committee. The evaluation of the 2. Furthermore, the Nomination and Remuneration
Nomination and Remuneration Committee is based on Committee will provide recommendations to the
performance, risk, fairness with peer groups, long-term Board of Commissioners regarding the remuneration
goals and strategies of the Bank, fulfillment of reserves as policy for the Board of Commissioners
stipulated in laws and regulations and the Bank’s potential 3. The Board of Commissioners submits
future earnings. recommendations for remuneration in the form of
salary/honorarium and bonus to Dwiwarna Series A
Shareholders for approval from the GMS.
Process of Determining the Remuneration of the Board of Commissioners
Resolution of the
General Meeting
A review of the
of Shareholders Letter from
proposed amount Letter of the Board
regarding the the Board of
of remuneration of Commissioners
Delegation of Commissioners to Decree of
for the Board of to the Board of
Authority to Dwiwarna Series Dwiwarna Series
Commissioners Directors regarding
Dwiwarna Series A Shareholders A Shareholders
and Directors by the Determination
A Shareholders regarding upon Remuneration
the Nomination of the Remuneration
and the Board of the proposed of BNI’s Board of
and Remuneration of the Board of
Commissioners remuneration Commissioners and
Committee is Directors and
to determine the for the Board of Directors
submitted to the Board of
amount of the Board Commissioners and
the Board of Commissioners
of Commissioners Directors
Commissioners
and Directors’
Income.
Annual Report 2020

Corporate
Governance
Structure of Remuneration for Members of the Board of Commissioners

The structure of remuneration for members of the Board of Commissioners is based on the Minister of SOE Regulation
No. PER-04/MBU/2014 dated March 10, 2014 concerning Guidelines for Determining the Remuneration of Directors, Board
of Commissioners and Supervisory Board for State-Owned Enterprises and the amendments are as follows:
Structure of Remuneration for Members of the Board of Commissioners

Type of Remuneration/
Information
Facilities
Honorarium 1. President Commissioner is 45% of the salary of the President Director.

2. Vice President Commissioner is 42.5% of the salary of the President Director.
3. Commissioner is 90% of the honorarium of the President Commissioner.
Allowances
Religious Holiday Board of Commissioners is given allowances for Religious Holiday for 1 (one) time honorarium
Transportation Board of Commissioners is given transportation for 20 (twenty) percent of the honorarium.
Post- Employment Insurance 1. Given during the term of office
2. Premium borne by the Company is 25% (twenty-five percent) of the honorarium in one year.
3. Selecting the program for post-employment insurance is determined by the Board of Directors and Board
of Commissioners, coordinated by the unit managing the facilities and allowances for members of Board of
Directors and Board of Commissioners.
4. Provision of premium, fee, or other terms relevant to post-employment insurance already includes premium
for accident and death insurance.
Facilities
Health 1. Health facilities are given to members of Board of Commissioners in the forms of health insurance or
reimbursement of medical expenses.
2. Health facilities are given to members of Board of Commissioners, the wife/husband, and maximum 3
(three) children who have not reached the age of 25 (twenty five) provided that in the event that the child
is not yet 25 years but had been married or had previously worked, the said child is not entitled to receive
health facilities. Health facilities are provided in the forms of:
a. Outpatient and medicines;
b. Inpatient and medicines;
c. Medical check up subject to 1 (one) time every year and done inside the country.
3. In the event that the treating doctor provides referrals for treatment overseas, the health facility is provided
in full.
Legal Aid 1. Legal Aid facility to members of Board of Commissioners is given in the event of any action/activity for and
on behalf of a position of members of Board of Commissioners that is related to the purpose and objective
as well as the company’s business activities.
2. Legal aid facility is at cost.
3. Legal aid facility is budgeted at the Bank’s expense as stated in the Bank’s Work Plan and Budget (RKAP).
4. Legal aid facility can only be used during the term of office or no longer in office on the policies taken
during the term of office and cannot be given directly to the person concerned.
5. In the event that members of the Board of Commissioners use lawyers/legal consultants of their own
choice, either at level of preliminary investigation/investigation, first-level court, appeal, cassation, and
judicial review, then, the lawyer/legal consultant fee is not borne/compensated by the Bank.
6. Procedures for Board of Commissioners’ legal aid facility are carried out by referring to the applicable Laws
and Regulations, specifically the Minister of State-Owned Enterprises Regulation which regulates the
Guidelines for Determining the Income of Board of Directors, Board of Commissioners, and Supervisory
Board of State-Owned Enterprises.
Annual Report 2020

Remuneration Board of Commissioners and Board of Directors
Indicator to Determine Remuneration of The remuneration in one year is grouped in the range of
Board of Commissioners income levels as follows:
In determining indicators for Board of Commissioners and
Board of Directors, the Company refers to SOE Minister Group of Remuneration Amount of Board of
Commissioner
Regulation No. PER-04/MBU/2014 on Guidelines for
Determination of Income of the Board of Directors, Board Total Remuneration
Number of
Rp Million
Commissioner
of Commissioners, and Supervisory Board of SOE as
have been amended several times, lastly by SOE Minister Above Rp2 billion 10 79,540,07
Regulation No. PER-01/MBU/05/2019 as follows:
Above Rp1 billion - Rp2 billion - -
1. Business scale factor 2;
Above Rp500 million - Rp1 billion - -
2. Business complexity factor;
Bellow Rp500 million - -
3. Inflation Rate;
4. Company’s condition and financial capability;
5. Other relevant factors, as well as not in violation of the Tantiem
laws and regulations. Tantiem paid in 2020 was 2% of the Bank’s net profit
for the period of January 1, 2018 - December 31, 2019,
Total Nominal/Component in proportional to the amount received by the President
of Remuneration of Board of Director as a basis for calculation, namely the President
Commissioners Commissioner received 45%, the Vice President
The disclosure of remuneration component of the Board Commissioner received 42.5%. The other Commissioners
of Commissioners refers to Financial Services Authority received 90% of the bonus received by the President
Circular Letter No. 40/SEOJK.03/2016 on Implementation Commissioner.
of Governance in Providing Remuneration for Commercial
Bank.
BOARD OF DIRECTORS’ REMUNERATION
The total nominal/component of remuneration of Board of POLICY
Commissioners is as follows.
Remuneration Governance
Amount Received in 1 (one) Board of Commissioners’ Remuneration Governance
Total Remuneration and Other Year Policy refers to the Financial Services Authority Circular
Facilities
Person Rp Million No. 40/SEOJK.03/2016 on Implementation of Governance
in Providing Remuneration for Commercial Bank. The
Remuneration
policy states that the remuneration is of Fixed and Variable
Honorarium 10 16,648,22
natures and is given based on the business scale, business
Housing Allowance - - complexity, peer group, inflation rate, financial condition
Transportation Allowance 10 3,329,66 and capability of the Bank, as well as not contrary to the
Religious Holiday Allowance 10 - applicable laws and regulations.
Tantiem 10 55,411,82
Regarding the determination of Fixed Remuneration, it
Other Natura Facilities
observe the difference (gap) of remuneration between
Housing (cannot be owned) - -
levels of position, thus, it prevents potential internal
Transportation (cannot be owned) - - conflicts and operational risks such as fraud or other
Post-Employment Insurance (can - 3,092,51 operational risks. Regarding the determination of
be owned)
Variable Remuneration, the Bank uses the basis of
Health (cannot be owned) 10 1,057,86
prudent risk taking which refers to the provisions of the
Financial Services Authority regulating Risk Management
The honorarium composition of members of the Board of Implementation for Commercial Banks.
Commissioners is determined as follows:
1. President Commissioner is 45% of the salary of the Based on BNI’s Articles of Association, members of the
President Director. Board of Directors are given honorarium and allowances/
2. Vice President Commissioner is 42.5% of the salary of facilities including tantiem and post-retirement benefits,
the President Director. and the types and the amounts of which are determined by
3. Commissioner is 90% of the President Director. the GMS with due observance to the prevailing laws and
regulations.
Annual Report 2020

Corporate
Governance
The Board of Commissioners supervises the implementation of remuneration policies and conducts regular evaluations
through the Nomination and Remuneration Committee. The Nomination and Remuneration Committee conducts evaluation
on the Remuneration Policy that is based on performance, risk, fairness with peer group, targets, and the Bank’s long term
strategy, as well as fulfilment of reserves as regulated in laws and regulations, and the Bank’s potential revenue in the
future.
Procedure for Determination of Remuneration

In general, the procedure for determination of the Board of Directors’ remuneration are carried out through the following
stages:
1. The Nomination and Remuneration Committee evaluates the remuneration policy applicable to the Board of Directors.
2. Next, the Nomination and Remuneration Committee provides recommendations to the Board of Commissioners on the
remuneration policy for the Board of Directors.
3. The Board of Commissioners submits proposals on remuneration recommendation in the form of salary/honorarium
and tantiem to be approved by the GMS.
Remuneration Structure for Members of Board of Directors

The remuneration structure of members of the Board of Directors refers to SOE Minister Regulation No. PER-01/
MBU/05/2019 dated May 31, 2019, and SOE Minister Letter No. S-481/MBU/D5/05/2019 dated May 31, 2019, on
Submission of Remuneration Determination of the Board of Directors and Board of Commissioners of PT Bank Negara
Indonesia (Persero), Tbk in 2019, as follows:
Remuneration Structure for Members of Board of Directors
Type of Remuneration/Facility Description
Salary 1. President Director is 100%.

2. Vice President Director is 95% of the Salary of President Director.
3. The Director in charge of Human Resources is 90% of the salary of the President Director.
4. Other directors is 85% of the salary of the President Director
Allowance
Religious Holidays Members of the Board of Directors are given allowance for Religious Holiday for 1 (one) time salary each year.
Housing Members of the Board of Directors are given housing allowances of Rp27,500,000.
Post-Employment Insurance 1. Given during term of office
2. The premium borne by the company is maximum 25% of the annual salary
3. Selecting the post-employment insurance program is determined by each member of the Board of
Directors that is coordinated by the unit managing the facilities and allowances for members of the Board
of Directors and members of the Board of Commissioners.
4. Provision of premiums, fees, or other terms relevant to post-employment insurance already includes
premiums for accident and life insurance.
Facilities
Vehicles Members of the Board of Directors are provided with 1 (one) unit of official vehicle and 1 (one) driver who can
be used full time by members of the Board of Directors with overtime paid by the Company.
1. The brand and type of vehicle are determined by the Company.
2. Maintenance costs and vehicle operating costs as well as other costs incurred in connection with official
vehicle facilities shall be borne by the Company at cost.
3. Members of the Board of Directors who are no longer in office shall return the official vehicle to the
Company no later than 30 (thirty) days.
Health Health facilities are given in the forms of health insurance or reimbursement of medical expenses.
1. Health facilities are given to members of the Board of Directors and a wife/husband as well as maximum 3
(three) children who have not reached the age of 25 (twenty-five) provided in the event that the child is not
yet 25 (twenty-five) years but had been married or had previously worked, the said child is not entitled to
receive health facilities. Health facilities are provided in the forms of:
a. Outpatient and medicine;
b. Inpatient and medicine,
c. Medical check-up, 1 (one) time every year and taken domestically.
2. In the event that the doctor recommends overseas treatment, the health facility may be covered fully.
Annual Report 2020

Type of Remuneration/Facility Description
Legal Aid 1. Legal Aid facility to members of the Board of Directors is given in the event of any action/deeds for and on
behalf of a position of members of the Board of Directors with the intention and objective as well as the
company’s business activities.
2. Legal aid facility is at cost.
3. Legal aid facility to members of Board of Directors is budgeted at the Bank’s expense as stated in the
Bank’s Work Plan and Budget (RKAP).
4. Legal aid facility can only be used in the event of a claim from third party, either during term of office or no
longer in office on the policies taken during the term of office and cannot be given directly to the person
concerned.
5. In the event that members of the Board of Directors use lawyers/legal consultants of their own choice,
either at level of preliminary investigation/investigation, first-level court, appeal, cassation, and judicial
review, then the attorney/legal consultant fee is not borne/compensated by the Bank.
6. Procedures for Board of Directors’ legal aid facility are carried out by referring to the applicable laws and
regulations, specifically the Minister of State-Owned Enterprises Regulation which regulates the Guidelines
for Determining the Remuneration of Board of Directors, Board of Commissioners, and Supervisory Board
of State-Owned Enterprises.
Housing Facilities 1. In the event that the Bank provides office-house for the Board of Directors, the Director must use the
house as a housing facility and is not provided with housing allowance.
2. In the event that the Bank does not provide office-house, then the Director will receive housing allowance.
3. The housing facility received by the Board of Directors include utilities and maintenance of the house of
residence.
4. Details of utility amount (electricity, water, telephone, etc.) as mentioned above refer to the policies
stipulated in the Bank.
Indicators for Determining Board of TOTAL NOMINAL/COMPONENT OF

Directors’ Remuneration BOARD OF DIRECTORS’ REMUNERATION
In determining the Board of Directors’ indicators, BNI
refers to SOE Minister Regulation Number: PER-04/ Disclosure of remuneration components for the Board of
MBU/2014, which was amended by SOE Minister Commissioners and Board of Directors refers to Financial
Regulation No. No. PER-01/MBU/05/2019 on Guidelines Services Authority Circular Number 40/SEOJK.03/2016
to Establish Remuneration of Board of Directors, Board of on Commercial Bank’s Governance Implementation in
Commissioners, and Board of Supervisors of State-Owned Granting Remuneration.
Enterprise as follows:
1. Business scale factor. Type of Remuneration Amount Received in 1 Year
2. Business complexity factor. and Other Facilities Perseon Rp Million
3. Inflation Rate.
4. Company’s condition and financial capability. Remuneration
5. Other relevant factors, as well as not in contradiction Salary 12 42,267.65
to the laws and regulations. Housing Allowances 12 2,228.70
Transportation Allowances - -
Religious Allowances 12 -
Tantiem 11 144,588,18
Other Natura Facilities
Housing (cannot be owned) - -
Transportation (cannot be owned) 12 7,643.11
Post-Employment Insurance (can 12 7,881.01
be owned)
Health (cannot be owned) 12 1,187.37
Annual Report 2020

Corporate
Governance
The remuneration in one year is grouped in income level 1. Ratio of highest and lowest employee’s salary is
range as follows: 35.16:1
2. Ratio of highest and lowest Director’s salary ratio is
Remuneration by Group 1.18:1
Number of 3. Ratio of highest and lowest Commissioners’ salary
Total Remuneration Rp Million
Director ratio is 1.1:1
4. Ratio of Director’s highest salary and employee’s
Above Rp2 billion 12 persons 205,796.02
highest salary is 2.60:1
Above Rp1 billion - Rp2 billion - -
Above Rp500 million - Rp1 billion - -
Below Rp500 million - - EMPLOYEE AND/OR MANAGEMENT
STOCK ALLOCATION PROGRAM
TANTIEM Referring to the Financial Services Authority (FSA)

Regulation No. 02/POJK.04/2013 dated August 23, 2013,
Tantiem paid in 2020 was 2% of the Bank’s net profit for on Repurchase of Shares Issued by Issuers or Public
the period of January 1, 2019 - December 31, 2019, which Companies in Significantly Fluctuating Market Conditions
was given to the Board of Directors with a proportion and Circular Letter of SEOJK No. 5/SEOJK.04/2017 on
of 100% for the President Director, 95% for the Vice Revocation of SEOJK No. 22/SEOJK.04/2015 on Other
President Director, and 90% for other members of Board Conditions as a Market Condition Significantly Fluctuating
of Directors. in the Implementation of Repurchasing. Shares Issued by
Issuers or Public Companies, BNI conducts repurchasing
of the Company’s shares that have been issued and listed
EMPLOYEE REMUNERATION on the Indonesian Stock Exchange (Buy Back). BNI has
appointed PT BNI Securities as a securities institution
The employee remuneration strategy is determined conducting repurchases of the Company’s shares with
based on the principles of supply and demand, BNI’s a period of share purchases in the market in less than 3
remuneration position compared to the market, and by months from November 2, 2015, to December 28, 2015.
considering employee talent classification. The component
of employee remuneration consists of permanent The number of shares repurchased amounted to 0.807%
remuneration which is differentiated based on position of the issued and fully paid capital or a total of 150,537,500
weight and person value. While variable remuneration is shares. The value of the repurchase of the Company’s
given based on performance that is associated with the shares was Rp749,979,275,500.00 (maximum Rp750
achievement of bank performance, unit performance, billion), thus, the average price of Shares Buyback was
and the employee concerned. The unit performance is Rp4,982.00 per share.
reflected in the classification of business units, regions,
subsidiaries, and branch offices located abroad. Regarding For the implementation of the repurchase of the
the remuneration policy, Company’s shares, the Company conducted an Information
Disclosure on October 30, 2015.
BNI uses the consultant services from Willis Towers
Watson, who conduct annual survey on salary. The Considering item 4 letter a number 3 Regulation No. XI.B.2
result of which is used as a reference for employee in conjunction with Article 9 of the Financial Services
remuneration. Authority Regulation No. 2/POJK.04/2013, the repurchased
shares can be transferred/used for the implementation of
Employee Stock Option Plan or Employee Stock Purchase
HIGHEST AND LOWEST EMPLOYEE Plan. In regard to that matter, the Company conducted
SALARY RATIO Information Disclosure on May 12, 2016, which in essence
states that the Company will carry out the transfer of
Salary is employee’s right, a compensation in the form of C Series shares resulting from the repurchase through
money, given by the Company or employer for the services the Share Ownership Program for Management and
rendered by the employee, which is determined and pay Employees of the Company in the form of Stock Bonuses
upon according to a work agreement, arrangement, or laws (hereinafter referred to as the “Stock Bonus Program”).
and regulations.
Annual Report 2020

The Stock Bonus Program is prepared as part of Based on the Minutes of the Company’s Annual GMS
remuneration in accordance with Minister of State- No. 8 dated March 10, 2016, the allocation of stock bonus
Owned Enterprises Regulation No. Per-04/MBU/2014 on to members of the Company’s Board of Directors and
Guidelines for Determining Income of Board of Directors, Board of Commissioners is carried out after obtaining
Board of Commissioners, and Supervisory Board of State- approval from Minister of SOE.
Owned Enterprises, in the form of long-term awards in
which the repurchased shares are allocated to: Based on the Letter of the Ministry of BUMN No. S-420/
1. Employees as a bonus for achieving the company’s MBU/06/2020 dated June 25, 2020 in essence conveyed
performance, and the determination of the Long Term Incentive (LTI) of
2. Members of the Board of Directors and Board of 28.4% of the Tantiem for the Board of Directors and the
Commissioners as part of tantiem for the relevant Board of Commissioners for the 2019 Financial Year. LTI
fiscal year. is given in the form of shares where the values which
are deferred for three years or until the end of the term
Supervision of the Stock Bonus Program will be carried of office. This provision is exempted for Independent
out by the Board of Directors and will be reported at the Commissioner, where LTI is given in cash in which the
Company’s soonest General Meeting of Shareholders on payment is deferred for three years or until the end of the
such program implementation. term of office.
Allocation of stock bonus to members of the Board of

Directors and Board of Commissioners in accordance with
Minister of State-Owned Enterprises Regulation
No. Per-04/MBU/2014 on Guidelines for Determining
Income of Board of Directors, Board of Commissioners,
and Supervisory Board of State-Owned Enterprises is
carried out after the Company has obtained approval from
the General Meeting of Shareholders/Minister of SOE.
Annual Report 2020

Corporate
Governance
Meeting of the Board of Commissioners

and Directors
MEETING OF BOARD OF are further elaborated in the Decree of the Board of

COMMISSIONERS Commissioners No. KEP/010/DK/2018 dated July 12, 2018
concerning Rules of Procedure for the Meeting of the
Mechanism of the Board of Board of Commissioners and the Joint Meeting with the
Commissioners Meeting and the Board of Board of Directors of PT Bank Negara Indonesia (Persero)
Commissioners Meeting with the Board of Tbk, which in principle contains following provisions:
Directors 1. Meeting Schedule,
The Board of Commissioners meeting refers to the Financial 2. Meeting agenda,
Services Authority Regulation and the Company’s Articles 3. Meeting Venues,
of Association No. 33/POJK.04/2014 dated December 4. Meeting Participants,
8, 2014 concerning the Board of Directors and Board of 5. Power and Representation,
Commissioners of Issuers or Public Companies and the 6. Summons of Meetings,
Company’s Articles of Association. The regulation states 7. Attendance and Decision Making Meeting,
that the Board of Commissioners must hold a Meeting at 8. Documentation of the implementation of the Meeting
least 1 (one) time in 2 (two) months and hold a meeting and administration of Minutes of Meeting,
with the Board of Directors periodically at least 1 (one) time 9. Decision of the Board of Commissioners outside the
in 4 (four) months. In addition, the Board of Commissioners meeting,
can hold a meeting at any time at the request of 1 (one) 10. Meeting of the Board of Commissioners through
or several members of the Board of Commissioners or Teleconference Media
Directors, stating the matters to be discussed. 11. Format and materials for Meeting Presentations.
The Board of Commissioners may also take a valid decision The Board of Commissioners’ meeting consists of:
without holding a Board of Commissioners Meeting 1. Meeting of the Board of Commissioners (Rakom),
provided that all members of the Board of Commissioners which is the Internal Meeting of the Board of
have been notified in writing and all members of the Commissioners
Board of Commissioners give their approval regarding the 2. Board of Commissioners meeting by inviting the Field/
proposal submitted in writing and sign the agreement. Sectoral Director or Senior Executive Vice President
(SEVP)
As the guideline for the implementation of the Board of 3. Joint Meetings of the Board of Directors and the
Commissioners Meetings and the Joint Meetings with the Board of Commissioners (Radikom), which is the
Board of Directors, the Board of Commissioners has set Board of Commissioners Meeting with the Board of
the procedures and mechanism for the implementation Directors, and is attended by the Corporate Secretary
of the Board of Commissioners Meetings and Board and the Secretary of the Board of Commissioners.
of Commissioners Meetings with the Directors in the
Decree of the Board of Commissioners No. Kep/049/ Agenda, Date and Participants of The
DK/2017 dated October 26, 2017 concerning the Board Board of Commissioners Meeting in 2020
of Commissioners’ Guidelines and Work Rules which Throughout 2020, the agenda, date and participants of the
Board of Commissioners’ Meetings are as follows:
Board of Commissioners Meeting
No. Date Agenda Participants Attendance Note
1. January 9, 2020 Internal Meeting by inviting Relevant Directors: • Ari Kuncoro 1) Present Video
• Anti Money Laundering and Terrorism • Revrisond Baswir 2) Present Conference
Financing Prevention (AML & CFT), Anti-Fraud • Pataniari Siahaan 2) Present
Strategy, Know Your Customer Principles, • Joni Swastanto Present
Other Strategic Issues • Sigit Widyawan Present
• Implementation of Compliance Function • Ahmad Fikri Assegaf 2) Absent
• Implementation of GCG • Askolani Present
• Ratih Nurdiati 3) Absent
Annual Report 2020

Meeting of The Board of Commissioners and Directors
2. January 16, 2020 Internal Meeting by inviting Relevant Directors: • Ari Kuncoro 1) Present
Audit Progress for the Financial Year 2019 • Revrisond Baswir 2) Present
• Pataniari Siahaan 2) Present
• Joni Swastanto Present
• Sigit Widyawan Present
• Ahmad Fikri Assegaf 2) Present
• Askolani Absent
3. January 20, 2020 Board of Commissioners Meeting with the • Ari Kuncoro 1) Present
Board of Directors • Revrisond Baswir 2) Present
• Consolidated Financial Statements for • Pataniari Siahaan 2) Present
December 2019 • Joni Swastanto Present
• Credit reports consulted to the Board of • Sigit Widyawan Present
Commissioners for December 2019 • Ahmad Fikri Assegaf 2) Present
• Askolani Absent
• Ratih Nurdiati 3) Present
4. January 23, 2020 Internal Meeting of the Board of • Ari Kuncoro 1) Present
Commissioners • Revrisond Baswir 2) Present
Procurement of general audit services on • Pataniari Siahaan 2) Present
consolidated financial statements and other • Joni Swastanto Present
reports • Sigit Widyawan Present
• Askolani Absent
5. January 30, 2020 Internal Meeting of the Board of • Ari Kuncoro 1) Present
• Evaluation and assessment of Directors • Pataniari Siahaan 2) Present
whose position will end • Joni Swastanto Present
• Talent BNI • Sigit Widyawan Present
• Askolani Present
6 February 6, 2020 Internal Meeting by inviting Relevant Directors: • Ari Kuncoro 1) Present
Discussion on Profiling Restructured Loans, • Revrisond Baswir 2) Present
Recovery and Write Off • Pataniari Siahaan 2) Present
7. February 13, 2020 Internal Meeting of the Board of • Ari Kuncoro 1) Present
• Determination of KAP • Pataniari Siahaan 2) Present
• Proposed Remuneration for the Board of • Joni Swastanto Present
Directors and the Board of Commissioners • Sigit Widyawan Present
• Determination of the BNI Annual GMS • Ahmad Fikri Assegaf 2) Present
Management • Askolani Present
• Review of Facility and Remuneration Policy for • Ratih Nurdiati 3) Absent
the Board of Commissioners and Directors
8. March 5, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present
Commissioners Martowardojo 4)
• Implementation of Board of Commissioners • Pradjoto 5) Absent
Meetings and Board of Commissioner • Joni Swastanto Present
Resolution Making. • Sigit Widyawan Present
• Restructuring of the Committees under the • Askolani Present
Board of Commissioners • Ratih Nurdiati 3) Present
• The Impact of the Covid-19 Pandemic on the • Asmawi Syam 6) Present
Economy • Susyanto 7) Present
• Introduction of Member of Committees of the • Iman Sugema 8) Present
Board of Commissioners • Septian Hario Seto 8) Present
9. March 12, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present
Board of Directors Martowardojo 4)
• BNI Shares Buyback Plan • Pradjoto 5) Present
• Discussion of BNI’s Loan at Risk (LaR) • Joni Swastanto Present
• Asmawi Syam 6) Present
• Susyanto 7) Present
• Iman Sugema 8) Present
• Septian Hario Seto 8) Present
Annual Report 2020

Corporate
Governance
10. March 19, 2020 BOC Internal • Agus Dermawan Wintarto Present Video
• Request for Approval of the Proposed Martowardojo 4) Conference
Amendment to the BNI Pension Fund • Pradjoto 5) Present
Regulations • Joni Swastanto Present
• Request for Approval on Updating the • Sigit Widyawan Present
Anti Money Laundering and Prevention of • Askolani Present
Terrorism Funding Policy (AML and CFT) • Ratih Nurdiati 3) Absent
• Bank Business Plan (RBB) 2020-2022 and • Asmawi Syam 6) Present
Realization of RBB 2019 of PT Bank Negara • Susyanto 7) Present
Indonesia (Persero) Tbk • Iman Sugema 8) Present
• Implementation of Integrated Compliance • Septian Hario Seto 8) Absent
Function Report Semester II Year 2019
• Report on the Implementation of the Anti
Money Laundering and Prevention of
Terrorism Funding Program (AML and CFT) for
the Period of January 2020
• Signing of the Integrity Pact of the BNI Board
of Commissioners
• Settlement of the Obligation to Return the
Investment Fund Sertiplus owned by Bank
Mandiri Pension Funds (DPBM)
• Follow-up on the OJK Audit Results
• Submission of the results of the 2020 BNI
Risk Appetite Statement Review
11. March 26, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
Board of Directors Martowardojo 4) Conference
• BNI’s strategy to cope with the Covid-19 • Pradjoto 5) Present
Pandemic • Joni Swastanto Present
• Current Account, Saving Account and Average • Sigit Widyawan Absent
CoF development • Askolani Present
Present
12. April 2, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
• Evaluation of the Board of Directors on the • Pradjoto 5) Present
Adequacy and Reliability of the BNI Business • Joni Swastanto Present
Continuity Plan for the Risk Event of the Covid • Sigit Widyawan Present
Pandemic 19, Particularly in Operational Risk, • Askolani Present
Business Continuity, Business Quantitative • Ratih Nurdiati 3) Absent
Impact and Human Capital • Asmawi Syam 6) Present
• The Board of Directors’ review of POJK • Susyanto 7) Present
No. 11/POJK03/2020 Date March 16, 2020 • Iman Sugema 8) Present
regarding National Economic Stimulus as a • Septian Hario Seto 8) Present
Counter Cyclical Policy on the Impact of the
Spread of Covid-19 and Efforts to Maintain
Financial Performance and Maintain Business
Continuity of Bank BNI 2020
13. April 9, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
Commissioners Martowardojo 4) Conference
Approval of the appointment of a Member of the • Pradjoto 5) Present
Board of Commissioners as the Nomination and • Joni Swastanto Present
Remuneration Committee • Sigit Widyawan Present
Board of Commissioners Meeting with the • Ratih Nurdiati 3) Present
Board of Directors • Asmawi Syam 6) Present
Resolution of Granting Credit Facilities in January, • Susyanto 7) Present
February and March 2020 which Needs to be • Iman Sugema 8) Present
Consulted with the Board of Commissioners • Septian Hario Seto 8) Present
Organizational Structuring of the BNI Board of • Pradjoto 5) Present
Directors • Joni Swastanto Present
Board of Commissioners Meeting with the • Askolani Present
Board of Directors • Ratih Nurdiati 3) Present
Progress Report on Conditions and Responses to • Asmawi Syam 6) Present
BNI Directors’ Policies regarding the Development • Susyanto 7) Present
of the Covid-19 Pandemic and PSBB (RBB 2020 • Iman Sugema 8) Present
for each Business Unit, Subsidiary, Human Capital • Septian Hario Seto 8) Present
Management, Operations, Services, Fraud, etc.)
Annual Report 2020

• Review Committee Report Regarding the • Pradjoto 5) Present
2020 Book Delete Report • Joni Swastanto Present
• BNI Talent and Succession Management • Sigit Widyawan Present
• Review Committee Report on Integrated Risk • Askolani Present
Management Implementation Report • Ratih Nurdiati 3) Present
• Review Report on the Evaluation of the • Asmawi Syam 6) Present
Implementation of Integrated Governance for • Susyanto 7) Present
Semester II-2019 • Iman Sugema 8) Present
Board of Commissioners Meeting with the
Board of Directors
Corporate and Medium-sized Remedial and
Restructuring Policies (Process and Organizational
Adjustments, Authority Adjustments, Debtor
Names, Consolidation Principles, Current Total
Facility Provision-Collectibility and Prospects After
Covid-19)
Finalization and Approval of the Nomination and • Pradjoto 5) Present
Remuneration Committee Report Regarding BNI • Joni Swastanto Present
Talent and Succession • Sigit Widyawan Present
• Septian Hario Seto 8) Absent
17. May 5, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
Presentation of the Results of the Study and Martowardojo 4) Conference
Risk Anticipation of the Plan for the issuance of • Pradjoto 5) Present
the draft RPP for National Economy Recovery • Joni Swastanto Present
(PEN) Articles 11 and 12 as a derivative of PERPU • Sigit Widyawan Present
1/2020 and its relation to OJK’s Explanation to • Askolani Present
Banking Regarding PEN on May 2 2020 • Ratih Nurdiati 3) Present
18. May 14, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
Discussion on Performance and Financial Reports • Pradjoto 5) Present
Q1 - March 31, 2020 of PT Bank Negara Indonesia • Joni Swastanto Present
(Persero) Tbk • Sigit Widyawan Present
• Susyanto 7) Absent
19. May 28, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Discussion on the Performance of the Internal Martowardojo 4) Conference
Audit Unit (IAU), Fraud Reports, Audit Findings • Pradjoto 5) Present
and Audit Reports at Bank BNI and Bank BNI • Joni Swastanto Present
Subsidiaries and Follow Up • Sigit Widyawan Present
• Terms of Office of Member Independent • Askolani Present
Committee under the Board of • Ratih Nurdiati 3) Absent
Commissioners • Asmawi Syam 6) Present
Annual Report 2020

Corporate
Governance
20. June 4, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Report on Write-Off Realization up to April Martowardojo 4) Conference
2020 • Pradjoto 5) Present
• Credit Consultation to the Board of • Joni Swastanto Present
Commissioners • Sigit Widyawan Present
• Discussion of the results of the BNI Director’s Martowardojo 4) Conference
Fit and Proper Assessment • Pradjoto 5) Present
• Discussion on the Granting of Credit Facilities • Joni Swastanto Present
to Related Parties • Sigit Widyawan Present
• Transfer of Partnership Program Funds to • Askolani Absent
Special SOEs • Ratih Nurdiati 3) Present
22. June16, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Report from the Board of Directors regarding Martowardojo 4) Conference
BNI’s Readiness for New Normal • Pradjoto 5) Present
• Report on BNI Financing for Banks that Need • Joni Swastanto Present
Special Attention • Sigit Widyawan Present
• Discussion on the Letter of the Board of • Askolani Present
Directors regarding the proposed THR • Ratih Nurdiati 3) Absent
distribution for the Board of Directors and • Asmawi Syam 6) Present
Board of Commissioners in 2020 • Susyanto 7) Absent
23. June 18, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
• Discussion on the Revised 2020 BNI Business • Pradjoto 5) Present
Plan • Joni Swastanto Present
• Discussion and Evaluation of the BNI DPLK • Sigit Widyawan Present
• Discussion of the Board of Directors’ Letter • Askolani Present
regarding the Proposed THR Distribution • Ratih Nurdiati 3) Absent
for the Board of Directors and Board of • Asmawi Syam 6) Present
Commissioners in 2020 • Susyanto 7) Present
• Debtor’s Write-Off report up to. April 2020 Martowardojo 4) Conference
• Presentation of 30 of BNI’s Largest Loan at • Pradjoto 5) Present
Risk Debtors • Joni Swastanto Present
25. June 25, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Absent Video
• Approval of the 2020 BNI Business Plan Martowardojo 4) Conference
Revision • Pradjoto 5) Present
• Appointment of the Chairman of • Joni Swastanto Present
the Committees under the Board of • Sigit Widyawan Present
Commissioners • Askolani Absent
• Septian Hario Seto 8) Tidak
Present
Annual Report 2020

Board of Commissioners Meeting with the • Agus Dermawan Wintarto Absent

Board of Directors Martowardojo 4)
• Approval of the 2020 BNI Business Plan • Pradjoto 5) Present
Revision • Joni Swastanto Present
• Governance and Strategic Issues of • Sigit Widyawan Present
Information Technology • Askolani Present
26. June 29, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
Discussion on BNI debtor group credit • Pradjoto 5) Present
• Evaluation of Compliance Function Martowardojo 4) Conference
Implementation • Pradjoto 5) Absent
• Evaluation of BNI Commercial Bank Internal • Joni Swastanto Present
Control • Sigit Widyawan Present
• Program Evaluation and Handling of Anti Fraud • Askolani Present
and Anti Money Laundering and Prevention of • Ratih Nurdiati 3) Absent
Terrorism Funding (AML-CFT) at BNI • Asmawi Syam 6) Present
28. July 2, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Credit Consultation to the Board of Martowardojo 4) Conference
Commissioners • Pradjoto 5) Present
• Discussion of the SOE Minister’s Letter • Joni Swastanto Present
regarding 2020 Salaries and 2019 Tantiem • Sigit Widyawan Present
• Iman Sugema 8) Absent
• Evaluation of Bank BNI Credit Policies Martowardojo 4) Conference
(Medium, Small Corporate Segments) • Pradjoto 5) Present
• Evaluation of BNI’s Risk Management • Joni Swastanto Present
Function • Sigit Widyawan Present
Internal Meeting of the Board of • Ratih Nurdiati 3) Present
Appointment of Chairman Committees under the • Susyanto 7) Present
Board of Commissioners • Iman Sugema 8) Present
• Evaluation of BNI’s Human Capital Function Martowardojo 4) Conference
• Evaluation of the Implementation of BNI’s • Pradjoto 5) Present
Remuneration Policy • Joni Swastanto Present
Absent
Annual Report 2020

Corporate
Governance
31 July 16, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
Proposed Changes to Commissioner of • Pradjoto 5) Present
Subsidiaries • Joni Swastanto Present
Board of Commissioners Meeting with the Board • Sigit Widyawan Present
of Directors • Askolani Present
BNI Performance and Financial Report Semester • Ratih Nurdiati 3) Absent
I/2020 • Asmawi Syam 6) Present
• Updates regarding the BNI Syariah Merger Martowardojo 4) Conference
Plan • Pradjoto 5) Present
• Application for related credit facilities • Joni Swastanto Present
• BNI EO GMS plan • Sigit Widyawan Present
• Askolani Absent
Present
• Overseas Transactions and Management of Martowardojo 4) Conference
Overseas Branches • Pradjoto 5) Present
• Audit Kick Off Meeting in 2021 and Interim • Joni Swastanto Present
Financial Report with Limited Review (Limited • Sigit Widyawan Present
Review) for BNI Group (Consolidated) position • Askolani Present
June 2020 • Ratih Nurdiati 3) Absent
• Selection of Independent Members of the • Asmawi Syam 6) Present
Nomination and Remuneration Committee • Susyanto 7) Present
34. August 6, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
Discussion on the Approval of BNI’s Anti- Martowardojo 4) Conference
Bribery Policy and Direction of the Board of • Pradjoto 5) Present
Commissioners on the Board of Directors’ Review • Joni Swastanto Present
Meeting on ISO 37001: 2016 Certification of BNI • Sigit Widyawan Present
Anti-Bribery Management System (SMAP) • Askolani Absent
Internal Meeting of the Board of • Asmawi Syam 6) Present
Commissioners • Susyanto 7) Present
Interview with Candidates for Independent • Iman Sugema 8) Present
Member of the Nomination and Remuneration • Septian Hario Seto 8) Present
Committee Absent
35. August 13, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
• Report on the Implementation of Tasks in • Pradjoto 5) Present
Quarter II, Audit Committee, Risk Monitoring • Joni Swastanto Present
Committee and Integrated Governance • Sigit Widyawan Present
Committee. • Askolani Present
• Evaluation of Independent Member • Ratih Nurdiati 3) Absent
Committees under the Board of • Asmawi Syam 6) Present
Commissioners • Susyanto 7) Present
• Discussion of the GCG survey from the • Pradjoto 5) Present
Ministry of SOEs • Joni Swastanto Present
• Presentation and approval of the Board of • Sigit Widyawan Present
Directors performance appraisal process and • Askolani Present
form by the Nomination and Remuneration • Ratih Nurdiati 3) Absent
Committee/Board of Commissioners. • Asmawi Syam 6) Present
Annual Report 2020

• Preparation for the implementation of the • Pradjoto 5) Present
EGMS • Joni Swastanto Present
• Members of the Nomination and • Sigit Widyawan Present
Remuneration Committee • Askolani Present
Board of Commissioners Meeting with the • Asmawi Syam 6) Present
Board of Directors • Susyanto 7) Present
• The Board of Directors’ explanation regarding • Iman Sugema 8) Present
the Study on Organizational Adjustment and • Septian Hario Seto 8) Present
the Number of Directors according to the
BUMN Class
• Report from the Board of Directors regarding
Preparations for the Implementation of the EO
GMS BNI on September 2, 2020
38. September 3, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
• Appointment of Commissioner Board of • Pradjoto 5) Present
Commissioners Members in Committees • Joni Swastanto Present
under the Board of Commissioners • Sigit Widyawan Present
• Performance Review of Independent • Askolani Present
Members of the Committees under the Board • Ratih Nurdiati 3) Absent
of Commissioners • Asmawi Syam 6) Present
• Discussion on the Board of Directors’ • Susyanto 7) Present
Suggestions regarding the Commissioner for • Iman Sugema 8) Present
BNI Subsidiaries • Septian Hario Seto 8) Present
Present
39. September 10, Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
2020 Board of Directors Martowardojo 4) Conference
Board of Directors’ Consolidation and Introduction • Pradjoto 5) Present
• Sigit Widyawan Absent
40. September 17, Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
2020 Commissioners Martowardojo 4) Conference
• Nomination and Remuneration Committee • Pradjoto 5) Present
Report on Directors’ Self Assessment • Joni Swastanto Present
• Report of the Committees under the Board of • Sigit Widyawan Present
Commissioners • Askolani Present
41. September 24, Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
2020 Board of Directors Martowardojo 4) Conference
• Consolidated Financial Performance in August • Pradjoto 5) Present
2020 and Realization of the RBB in Angustus • Joni Swastanto Present
2020 • Sigit Widyawan Present
• Progress of Implementation of the National • Askolani Present
Economy Recovery Program (PEN) • Ratih Nurdiati 3) Present
42. 1 October 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
Commissioners by inviting the Related Martowardojo 4) Conference
Directors • Pradjoto 5) Absent
• Nomination and Remuneration Committee • Joni Swastanto Present
Report on Directors’ Self-Assessment and • Sigit Widyawan Present
Organizational Discussion of Directors • Askolani Present
• Credit Consultation to the Board of • Ratih Nurdiati 3) Present
Annual Report 2020

Corporate
Governance
Interview of Candidate Members of the Risk • Pradjoto 5) Present
Monitoring Committee • Joni Swastanto Present
Report of the Committees under the Board of • Pradjoto 5) Present
Commissioners • Joni Swastanto Present
Present
45 9 October 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
BNI Syariah Merger Plan Martowardojo 4) Conference
• Pradjoto 5) Present
Present
46. October 15, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Follow-up on the Findings of the 2019 Audit Martowardojo 4) Conference
Report • Pradjoto 5) Present
• The Board of Directors’ explanation regarding • Joni Swastanto Present
the Application for approval of the BNI Syariah • Sigit Widyawan Present
Merger • Askolani Present
• Discussion on the changes to the Integrated • Ratih Nurdiati 3) Present
Governance Committee Charter • Asmawi Syam 6) Present
• Providing BNI Griya Credit to Related Parties • Susyanto 7) Present
• Discussion of the letter from the BPK • Iman Sugema 8) Present
BNI’s performance in September 2020 • Pradjoto 5) Present
Internal Meeting by inviting Relevant Directors: • Sigit Widyawan Present
• Bank Soundness Level in Semester I 2020 and • Askolani Present
Risk Profile in Quarter III of 2020 • Ratih Nurdiati 3) Present
• Discussion of the letter from the BPK • Asmawi Syam 6) Present
48. 5 November 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
• Discussion of the Board of Directors regarding • Pradjoto 5) Present
the replacement of the Corporate Secretary • Joni Swastanto Present
• Approval regarding the Change of Member of • Sigit Widyawan Present
the Integrated Governance Committee from • Askolani Present
the Board of Commissioners of the Subsidiary. • Ratih Nurdiati 3) Present
• Discussion of the questionnaire by the Board • Asmawi Syam 6) Present
of Commissioners related to CGPI (Corporate • Susyanto 7) Present
Governance Perception Index). • Iman Sugema 8) Present
• Discussion on suggestions from the Board • Septian Hario Seto 8) Present
of Directors regarding vehicle facilities for
members of the Board of Directors
Annual Report 2020

49. November 12, 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Report on Working Visits of the Board of Martowardojo 4) Conference
Commissioners to Regional Offices and • Pradjoto 5) Present
Overseas Branch Offices through media zoom • Joni Swastanto Present
• Implementation of Outsourcing Policy and • Sigit Widyawan Present
Risk Management • Askolani Absent
50. November 19, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
• Consolidated Financial Performance of • Pradjoto 5) Present
October 2020 • Joni Swastanto Present
• Presentation of the 2021 Bank Business Plan • Sigit Widyawan Present
• Proposed Review of the Board of Directors • Askolani Present
Official Vehicle Facility Policy • Ratih Nurdiati 3) Present
51. November 25, 2020 Internal Meeting of the Board of • Agus Dermawan Wintarto Present Video
Discussion on the Bank BNI Business Plan for • Pradjoto 5) Present
2021 • Joni Swastanto Present
52. November 26, 2020 Board of Commissioners Meeting with the • Agus Dermawan Wintarto Present Video
• Further discussion related to the Bank BNI • Pradjoto 5) Present
Business Plan for 2021-2023 • Joni Swastanto Present
• Approval of the 2020 BNI Recovery Plan • Sigit Widyawan Present
Document • Askolani Present
• Credit Consultation to the Board of • Ratih Nurdiati 3) Present
53. 3 December 2020 Internal Meeting by inviting Relevant Directors: • Agus Dermawan Wintarto Present Video
• Effectiveness of BNI Human Capital • Joni Swastanto Present
Management • Sigit Widyawan Present
• Progress of Determination of BNI • Askolani Present
Remuneration Consultants • Ratih Nurdiati 3) Present
• Discussion on the 2019 BNI Long Term • Asmawi Syam 6) Present
Incentive (LTI) Agreement • Susyanto 7) Present
Present
• Discussion on the Application for Approval of Martowardojo 4) Conference
the 2021 BNI DPLK Business Plan • Pradjoto 5) Present
• Discussion on the Changes to the Audit • Joni Swastanto Present
Committee Charter • Sigit Widyawan Present
Annual Report 2020

Corporate
Governance
• Audit progress being carried out by the Martowardojo 4) Conference
External Auditor (KAP) • Pradjoto 5) Present
• Presentation by the Internal Audit Unit (SAI) • Joni Swastanto Present
regarding the results of the examination and • Sigit Widyawan Present
the Exit Meeting with the OJK, as well as • Askolani Present
directives from the Board of Commissioners • Ratih Nurdiati 3) Present
to be followed up by the SAI • Asmawi Syam 6) Present
• Discussion of Bank Credit Policies • Susyanto 7) Present
• Discussion on the 2021 BNI DPLK Business • Joni Swastanto Present
Plan • Sigit Widyawan Present
• Discussion on the Application for Approval Martowardojo 4) Conference
of General Risk Management Policy Review • Pradjoto 5) Present
(KUMR), General Policy on Integrated • Joni Swastanto Present
Risk Management and Integrated Capital • Sigit Widyawan Present
Management (KUMRT) • Askolani Present
• Discussion on the Request for Approval for • Ratih Nurdiati 3) Present
the BNI Internal Control System (SPI) Policy • Asmawi Syam 6) Present
Review • Susyanto 7) Present
• Discussion on the Work Plan for the Board of • Iman Sugema 8) Present
Commissioners for 2021 • Septian Hario Seto 8) Absent
Notes:
1)
Stop serving as President Commissioner/Independent Commissioner since February 18, 2020
2)
Stop serving as Independent Commissioner since February 20, 2020
3)
Serving as Commissioner since 13 May 2020 and effective based on OJK approval on March 16, 2020
4)
Serving as President Commissioner/Independent Commissioner since February 20, 2020 and effective based on OJK approval on June 17, 2020
5)
Serving as Vice President Commissioner/Independent Commissioner since February 20, 2020 and effective based on OJK approval on June 17, 2020
6)
Serving as Independent Commissioner since February 20, 2020 and effective based on OJK approval on June 17, 2020
7)
Serving as Commissioner since February 20, 2020 and effective based on OJK approval on July 27, 2020
8)
Serving as Independent Commissioner since February 20, 2020 and effective based on OJK approval on August 14, 2020
Annual Report 2020

BOARD OF COMMISSIONERS MEETING WITH THE BOARD OF DIRECTORS
Agenda, Date and Participants of The Board of Commissioners Meeting with the Board
of Directors
Throughout 2020, the agenda, date and participants of the board of commissioners and board of directors meeting are as
follows:
Board of Commissioners Meeting with the Board of Directors
Participants of
Participants of the
the Board of
No. Date Agenda Attendance Information Board of Directors Attendance Information
Commissioner
Meetings
Meetings
1. January 20, Board of • Ari Kuncoro 1) Present • Achmad

2020 Commissioner • Revrisond Baiquni 9) Present
Meeting with the Baswir 2) Present • Herry Sidharta 10) Present
Board of Directors • Pataniari • Putrama Wahju
• Consolidated Siahaan 2) Present Setyawan 11) Present
Financial • Joni Swastanto Present • Ario Bimo 12) Present
Statements for • Sigit Widyawan Present • Tambok P.
December 2019 • Ahmad Fikri Setyawati 11) Present
• Credits consulted Assegaf 2) Present • Rico Rizal
with the Board of • Askolani Absent Budidarmo 12) Present
Commissioners • Ratih Nurdiati 3) Present • Adi
in 2019 in Sulistyowati 13) Present
December 2019 • Anggoro Eko
Cahyo 14) Present
• Bob Tyasika
Ananta Absent
• Dadang
Setiabudi 12) Present
• Endang
Hidayatullah 12) Present
2. 12 March Board of • Agus Dermawan • Herry Sidharta 10)
Present
2020 Commissioner Wintarto • Anggoro Eko
Meeting with the Martowardojo 4) Present Cahyo 14) Present
Board of Directors • Pradjoto 5) Present • Sigit Prastowo 15) Present
• BNI Shares • Joni Swastanto Present • Osbal Saragi
Buyback Plan • Sigit Widyawan Present Rumahorbo 16) Present
• Discussion of • Askolani Present • Putrama Wahju
BN’s Loan at Risk • Ratih Nurdiati 3) Present Setyawan 11) Absent
(LaR)I • Asmawi Syam 6) Present • Corina Leyla
• Susyanto 7) Present Karnalies 17) Present
• Iman Sugema 8) Present • Tambok P.
• Septian Hario Setyawati 11) Present
Seto 8) Present • Y.B.
Hariantono 18) Absent
• Bob Tyasika
Ananta Present
• Sis Apik
Wijayanto 19) Absent
• Benny Yoslim 20) Present
• Adi
Sulistyowati 13) Present
Annual Report 2020

Corporate
Governance
Participants of
Participants of the
the Board of
Commissioner
Meetings
Meetings
3. March 26, Board of • Agus Dermawan Video • Herry Video

2020 2020 Commissioner Wintarto Conference Sidharta 10) Absent Conference
Meeting with the Martowardojo 4) Present • Anggoro Eko
Board of Directors • Pradjoto 5) Present Cahyo 14) Present
• BNI’s strategy • Joni Swastanto Present • Sigit Prastowo 15) Present
to cope with • Sigit Widyawan Absent • Osbal Saragi
the Covid-19 • Askolani Present Rumahorbo 16) Present
Pandemic • Ratih Nurdiati 3) Present • Putrama Wahju
• Current Account, • Asmawi Syam 6) Present Setyawan 11) Absent
Saving Account • Susyanto 7) Present • Corina Leyla
and Average CoF • Iman Sugema 8) Present Karnalies 17) Present
development • Septian Hario • Tambok P.
Seto 8) Present Setyawati 11) Present
• Y.B.
Hariantono 18) Absent
• Bob Tyasika
Ananta Present
• Sis Apik
Wijayanto 19) Absent
• Adi
4. 2 April 2020 Board of • Agus Dermawan Video • Herry Sidharta 10)
Present Video
Commissioner Wintarto Conference • Anggoro Eko Conference
• Evaluation of • Joni Swastanto Present • Osbal Saragi
the Board of • Sigit Widyawan Present Rumahorbo 16) Present
Directors on the • Askolani Present • Putrama Wahju
Adequacy and • Ratih Nurdiati 3) Absent Setyawan 11) Absent
Reliability of the • Asmawi Syam 6) Present • Corina Leyla
BNI Business • Susyanto 7) Present Karnalies 17) Present
Continuity Plan • Iman Sugema 8) Present • Tambok P.
for the Risk • Septian Hario Setyawati 11) Present
Event of the Seto 8) Present • Y.B.
Covid Pandemic Hariantono 18) Absent
19, Particularly • Bob Tyasika
in Operational Ananta Present
Risk, Business • Sis Apik
Continuity, Wijayanto 19) Absent
Business • Benny Yoslim 20) Present
Quantitative • Adi
Impact and Sulistyowati 13) Present
Human Capital
• The Board of
Directors’ review
of POJK No. 11/
POJK03/2020
dated March 16,
2020 regarding
National
Economic
Stimulus as
a Counter-
Cyclical Policy
on the Impact
of the Spread
of Covid-19
and Efforts to
Maintain Financial
Performance
and Maintain
Business
Continuity of
Bank BNI 2020
Annual Report 2020

Participants of
Participants of the
the Board of
Commissioner
Meetings
Meetings
5. April 16, 2020 Board of • Agus Dermawan Video • Herry Sidharta 10) Present Video
Report on Recent • Joni Swastanto Present • Osbal Saragi
Conditions and Policy • Sigit Widyawan Present Rumahorbo 16) Present
Responses from • Askolani Present • Putrama Wahju
the BNI Board of • Ratih Nurdiati 3) Present Setyawan 11) Present
Directors regarding • Asmawi Syam 6) Present • Corina Leyla
the Development • Susyanto 7) Present Karnalies 17) Present
of the Covid-19 • Iman Sugema 8) Present • Tambok P.
Pandemic and • Septian Hario Setyawati 11) Present
PSBB (RBB 2020 Seto 8) Present • Y.B.
for each business Hariantono 18) Present
unit, Human Capital • Bob Tyasika
Management, Ananta Present
Operations, Services, • Sis Apik
Fraud, etc.) Wijayanto 19) Present
• Adi
6. April 23, 2020 Board of • Agus Dermawan Video • Herry Sidharta 10)
Present Video
Policies of Remedial • Joni Swastanto Present • Osbal Saragi
and Restructuring • Sigit Widyawan Present Rumahorbo 16) Present
in Corporations • Askolani Present • Putrama Wahju
and Medium • Ratih Nurdiati 3) Present Setyawan 11) Present
Enterprises (Process • Asmawi Syam 6) Present • Corina Leyla
and Organizational • Susyanto 7) Present Karnalies 17) Present
Adjustments, • Iman Sugema 8) Present • Tambok P.
Authority • Septian Hario Setyawati 11) Present
Adjustments, Seto 8) Present • Y.B.
Debtor Names, Hariantono 18) Present
Consolidation • Bob Tyasika
Principles, Ananta Present
Current Total • Sis Apik
Facility Provision- Wijayanto 19) Absent
Collectibility and • Benny Yoslim 20) Present
Prospects After • Adi
Covid-19) Sulistyowati 13) Present
7. May 14, 2020 Board of • Agus Dermawan Video • Herry Sidharta 10) Absent Video
Discussion on • Joni Swastanto Present • Osbal Saragi
Performance and • Sigit Widyawan Present Rumahorbo 16) Present
Financial Reports • Askolani Present • Putrama Wahju
Q1 - March 31, 2020 • Ratih Nurdiati 3) Absent Setyawan 11) Present
PT Bank Negara • Asmawi Syam 6) Present • Corina Leyla
Indonesia (Persero) • Susyanto 7) Absent Karnalies 17) Present
Tbk • Iman Sugema 8) Present • Tambok P.
• Septian Hario Setyawati 11) Present
Seto 8) Present • Y.B.
Hariantono 18) Present
• Bob Tyasika
Ananta Present
• Sis Apik
Wijayanto 19) Present
• Adi
Annual Report 2020

Corporate
Governance
Participants of
Participants of the
the Board of
Commissioner
Meetings
Meetings
8. June 18, 2020 Board of • Agus Dermawan Video • Herry Sidharta 10) Present Video
Commissioner Wintarto conference • Anggoro Eko Conference
Meeting with the Martowardojo 4) Present Cahyo 14) Absent
• Discussion on • Joni Swastanto Present • Osbal Saragi
the Revision of • Sigit Widyawan Present Rumahorbo 16) Present
the 2020 BNI • Askolani Present • Putrama Wahju
Business Plan • Ratih Nurdiati 3) Absent Setyawan 11) Present
• Discussion and • Asmawi Syam 6) Present • Corina Leyla
Evaluation of the • Susyanto 7) Present Karnalies 17) Present
BNI DPLK • Iman Sugema 8) Present • Tambok P.
• Discussion • Septian Hario Setyawati 11) Present
of the Board Seto 8) Present • Y.B. Hariantono Present
of Directors’ 18)
Letter regarding • Bob Tyasika Present

the Proposed Ananta
Distribution • Sis Apik Absent
of THR for Wijayanto 19) Present
the Board of • Benny Yoslim 20)
Directors and • Adi Present
the BNI Board of Sulistyowati 13)
Commissioners
in 2020
9. June 25, 2020 Board of • Agus Dermawan Video • Herry Sidharta 10) Present Video
Commissioner Wintarto conference • Anggoro Eko Conference
Meeting with the Martowardojo 4) Absent Cahyo 14) Absent
• Approval of • Joni Swastanto Present • Osbal Saragi
the 2020 BNI • Sigit Widyawan Present Rumahorbo 16) Present
Business Plan • Askolani Present • Putrama Wahju
Revision • Ratih Nurdiati 3) Absent Setyawan 11) Present
• Appointment of • Asmawi Syam 6) Present • Corina Leyla
the Chairman of • Susyanto 7) Present Karnalies 17) Present
the Committees • Iman Sugema 8) Present • Tambok P.
under the • Septian Hario Setyawati 11) Present
Board of Seto 8) Absent • Y.B. Hariantono Present
Commissioners 18)
• Bob Tyasika Present

Ananta
• Sis Apik Present
• Benny Yoslim 20)
• Adi Present
Sulistyowati 13)
10. July 16, 2020 Internal Meetings • Agus Dermawan Video • Herry Sidharta 10) Present Video
of the Board of Wintarto conference • Anggoro Eko Conference
Commissioners Martowardojo 4) Present Cahyo 14) Absent
Proposals on • Pradjoto 5) Present • Sigit Prastowo 15) Present
Changes to the • Joni Swastanto Present • Osbal Saragi
Commissioner of • Sigit Widyawan Present Rumahorbo 16) Present
Subsidiaries • Askolani Present • Putrama Wahju
Board of • Ratih Nurdiati 3) Absent Setyawan 11) Present
Commissioner • Asmawi Syam 6) Present • Corina Leyla
Meeting with the • Susyanto 7) Present Karnalies 17) Present
Board of Directors • Iman Sugema 8) Present • Tambok P.
BNI Performance • Septian Hario Setyawati 11) Present
Report and Financial Seto 8) Present • Y.B. Hariantono Present
Statements 18)
Semester I/2020 • Bob Tyasika Present

Ananta
• Sis Apik Present
• Benny Yoslim 20)
• Adi Present
Sulistyowati 13)
Annual Report 2020

Participants of
Participants of the
the Board of
Commissioner
Meetings
Meetings
11. August 27, Board of • Agus Dermawan Video • Herry Sidharta 10) Present Video
2020 Commissioner Wintarto Conference • Anggoro Eko Conference
Meeting with the Martowardojo 5) Present Cahyo 14) Absent
• The Board • Joni Swastanto Present • Osbal Saragi
of Directors’ • Sigit Widyawan Present Rumahorbo 16) Absent
explanation • Askolani Present • Putrama Wahju
regarding • Ratih Nurdiati 3) Present Setyawan 11) Absent
the Study of • Asmawi Syam 6) Present • Corina Leyla
Organizational • Susyanto 7) Present Karnalies 17) Present
Adjustment and • Iman Sugema 8) Present • Tambok P.
the Number • Septian Hario Setyawati 11) Present
of Directors Seto 8) Present • Y.B.
according to the • Hariantono 18) Present
BUMN Class • Bob Tyasika
• Report from Ananta Present
the Board • Sis Apik
of Directors Wijayanto 19) Present
regarding • Benny Yoslim 20) Present
Preparations • Adi
for the Sulistyowati 13) Present
Implementation
of the EO
GMS BNI on
September 2,
2020
12. September 10, Board of • Agus Dermawan Video • Royke Video
2020 Commissioner Wintarto Conference Tumilaar 21) Present Conference
Meeting with the Martowardojo 4) Present • Adi
Board of Directors • Pradjoto 5) Present Sulistyowati 13) Present
Board of Directors’ • Joni Swastanto Present • Novita Widya
Consolidation and • Sigit Widyawan Absent Anggraini 22) Present
Introduction • Askolani Present • David Pirzada 23) Present
• Ratih Nurdiati 3) Present • Henry
• Asmawi Syam 6) Present Panjaitan 24) Present
• Susyanto 7) Absent • Corina Leyla
• Iman Sugema 8) Present Karnalies 17) Present
• Septian Hario • Muhammad
Seto 8) Absent Iqbal 22) Present
• Y.B.
Hariantono 18) Present
• Bob Tyasika
Ananta Present
• Sis Apik
• Silvano Winston
Rumantir 23) Present
• Ronny Venir 25) Present
13. September 24, Board of • Agus Dermawan Video • Royke Video
• Consolidated • Joni Swastanto Present • Novita Widya
Financial • Sigit Widyawan Present Anggraini 22) Present
Performance in • Askolani Present • David Pirzada 23) Present
August 2020 and • Ratih Nurdiati 3) Present • Henry
Realization of the • Asmawi Syam 6) Present Panjaitan 24) Present
RBB in Angustus • Susyanto 7) Present • Corina Leyla
2020 • Iman Sugema 8) Present Karnalies 17) Present
• Progress of • Septian Hario • Muhammad
Implementation Seto 8) Present Iqbal 22) Present
of the National • Y.B.
Economy Hariantono 18) Present
Recovery • Bob Tyasika
Program (PEN) Ananta Present
• Sis Apik
• Silvano Winston
• Ronny Venir 25) Present
Annual Report 2020

Corporate
Governance
Participants of
Participants of the
the Board of
Commissioner
Meetings
Meetings
14. November 19, Board of • Agus Dermawan Video • Royke Video

• Consolidated • Joni Swastanto Present • Novita Widya
Financial • Sigit Widyawan Present Anggraini 22) Present
Performance • Askolani Present • David Pirzada 23) Present
October 2020 • Ratih Nurdiati 3) Present • Henry
• Presentation of • Asmawi Syam 6) Present Panjaitan 24) Present
the 2021 Bank • Susyanto 7) Present • Corina Leyla
Business Plan • Iman Sugema 8) Present Karnalies 17) Present
• Proposed • Septian Hario • Muhammad
Review of Seto 8) Present Iqbal 22) Absent
Policies on • Y.B.
Service Vehicle Hariantono 18) Present
Facilities for • Bob Tyasika
the Board of Ananta Present
Directors • Sis Apik
• Silvano Winston
• Ronny Venir 25) Absent
15. November 26, Board of • Agus Dermawan Video • Royke Video
• Further • Joni Swastanto Present • Novita Widya
Discussion • Sigit Widyawan Present Anggraini 22) Present
regarding the • Askolani Present • David Pirzada 23) Present
Bank Business • Ratih Nurdiati 3) Present • Henry
Plan for 2021- • Asmawi Syam 6) Present Panjaitan 24) Present
2023 • Susyanto 7) Present • Corina Leyla
• Approval of • Iman Sugema 8) Present Karnalies 17) Present
the 2020 BNI • Septian Hario • Muhammad
Recovery Plan Seto 8) Present Iqbal 22) Present
Document • Y.B.
• Credit Hariantono 18) Present
Consultation • Bob Tyasika
to the Board of Ananta Present
Commissioners • Sis Apik
• Silvano Winston
• Ronny Venir 25) Absent
Notes:
1)
Ari Kuncoro: Stop serving as President Commissioner/Independent Commissioner since February 18, 2020
2)
Revrisond Baswir, Pataniari Siahaan, and Ahmad Fikri Assegaf: Stop serving as Independent Commissioner since February 20, 2020
3)
Ratih Nurdiati: Serving as Commissioner since 13 May 2019 and effective based on OJK approval, dated March 16, 2020
4)
Agus Dermawan Wintarto Martowardojo: Serving as President Commissioner/Independent Commissioner since February 20, 2020 and effective based on OJK approval,
dated June 23, 2020
5)
Pradjoto: Serving as Vice President Commissioner/Independent Commissioner since February 20, 2020 and effective based on OJK approval, dated June 23, 2020
6)
Asmawi Syam: Serving as Independent Commissioner since February 20, 2020 and effective based on OJK approval, dated June 23, 2020
7)
Susyanto: Serving as Commissioner since February 20, 2020 and effective based on OJK approval, dated August 3, 2020
8)
Iman Sugema and Septian Hario Seto: Serving Commissioner since February 20, 2020 and effective based on OJK approval, dated August 19, 2020
9)
Achmad Baiquni: Stop serving as President Director since February 20, 2020
10)
Herry Sidharta: Reassigned from Vice President Director to President Director since February 20, 2020, and effective based on OJK approval, dated May 22, 2020.
11)
Putrama Wahju Setyawan: Stop serving as Director Since September 2, 2020
12)
Ario Bimo, Dadang Setiabudi, Endang Hidayatullah: Stop serving as Director Since February 20, 2020
13)
Adi Sulistyowati: Reappointed as Director on February 20, 2020. Reassigned from Director to Vice President Director since September 2, 2020 and effective serving as
Vice President Director based on approval from OJK per November 6, 2020
14)
Anggoro Eko Cahyo: Reassigned from Director to Vice President Director since February 20, 2020 and stop serving as Vice President Director since September 2, 2020
15)
Sigit Prastowo: Serving as Director since February 20, 2020 and effective serving as Director based on OJK approval since 26 June 2020. Stop serving as Director since
September 2, 2020
16)
Osbal Saragi Rumahorbo: Serving as Director since February 20, 2020 and effective serving as Director based on OJK approval since 08 July 2020. Stop serving as
Director since September 2, 2020
17)
Corina Leyla Karnalies: Serving as Director since February 20, 2020 and effective serving as Director based on OJK approval since June 26, 2020
18)
Y.B Hariantono: Serving as Director since February 20, 2020 and effective serving as Director based on OJK approval since August 12, 2020
19)
Sis Apik Wijayanto: Serving as Director since February 20, 2020 and effective serving as Director based on OJK approval since June 26, 2020
20)
Benny Yoslim: Serving as Director since February 20, 2020 and effective serving as Director based on OJK approval since May 22, 2020. Stop serving as Director since
September 2, 2020
21)
Royke Tumilaar: Serving as President Director since 02 September 2020 and effective serving as President Director based on OJK approval since November 19, 2020
22)
Novita Widya Anggraini dan Muhammad Iqbal: Serving as Director since 02 September 2020 and effective serving as Director based on OJK approval since November 19,
2020
23)
David Pirzada dan Silvano Winston Rumantir: Serving as Director since September 2, 2020 and effective serving as Director based on OJK approval since December 1,
2020
24)
Henry Panjaitan: Serving as Director since September 2, 2020 and effective serving as Director based on OJK approval since November 12, 2020
25)
Ronny Venir: Serving as Director since September2, 2020 and effective serving as Director based on OJK approval since November 6, 2020
Annual Report 2020

Frequency of the Board of Commissioners Meeting and the Joint Meeting with the Board
of Directors
During 2020, the Board of Commissioners held 15 (fifteen) Board of Commissioners Meetings, and 15 (fifteen) Board of
Commissioners and Board of Directors Meetings. Following is the frequency and attendance of meetings of each member
of the Board of Commissioners.
Board of Commissioner
Meeting of the Board of
Meeting with the Board of
Commissioner
Directors
Number of Meetings Number of Meetings
Name Position
and (%) of Attendance and (%) of Attendance
Number Number
Number of Number of
of % of %
Attendance Meetings
Meetings Meetings
Ari Kuncoro 1) President Commissioner/Independent 7 7 100.00 1 1 100.00

Commissioner
Agus Dermawan Wintarto President Commissioner/Independent 35 34 97.14 14 13 92.86
Martowardojo 2) Commissioner
Pradjoto 3) Vice President Commissioner/ 35 33 94.29 14 14 100.00
Revrisond Baswir 4) Independent Commissioner 7 7 100.00 1 1 100.00
Pataniari Siahaan 4) Independent Commissioner 7 7 100.00 1 1 100.00
Joni Swastanto Commissioner 57 57 100.00 15 15 100
Sigit Widyawan Independent Commissioner 57 55 96.49 15 13 86.67
Ahmad Fikri Assegaf 4) Independent Commissioner 7 6 85.71 1 1 --
Askolani Commissioner 57 48 84.21 15 14 93.33
Ratih Nurdiati 5) Commissioner 48 29 60.44 13 8 61.54
Asmawi Syam 6) Independent Commissioner 35 35 100.00 14 14 100
Susyanto 7)
Commissioner 25 22 88.00 5 4 80.00
Iman Sugema 8) Independent Commissioner 22 19 86.36 5 5 100.00
Septian Hario Seto 8) Independent Commissioner 22 17 77.27 5 4 80.00
Notes:
1)
Stop serving as President Commissioner/Independent Commissioner BNI since February 18, 2020
2)
Serving as President Commissioner/Independent Commissioner BNI since February 20, 2020 and effective based on OJK’s approval dated July 27, 2020
3)
Serving as Vice President Commissioner/Independent Commissioner of BNI since February 20, 2020 and effective based on OJK’s approval dated June 17, 2020
4)
Stop serving as Independent Commissioner of BNI since February 20, 2020
5)
Serving as Commissioner of BNI since 13 May 2019 and effective based on OJK’s approval dated March 16, 2020
6)
Serving as Independent Commissioner of BNI since February 20, 2020 and effective based on OJK’s approval dated June 17, 2020
7)
Serving as Commissioner of BNI since February 20, 2020 and effective based on OJK’s approval dated July 27, 2020
8)
Serving as Independent Commissioner of BNI since February 20, 2020 and effective based on OJK’s approval dated OJK dated August 14, 2020
Board of Commissioners Meeting Plan for 2021

The planned agenda of the Board of Commissioners Meeting and the Joint Meeting of the Board of Commissioners with
the Board of Directors in 2020 are prepared based on the Work Plan of the Board of Commissioners set in early 2020 with
due observance to the prevailing laws and regulations specifically regulating the duties, obligations and responsibilities of
the Board of Commissioners:
1. Meetings of the Board of Commissioners with the Board of Directors:
a. Consolidated BNI Financial Performance of each month
b. Reports on credit decision that need to be consulted to the Board of Commissioners
c. Issues of a strategic nature
2. Meetings of the Board of Commissioners which consist of Internal Meetings of the Board of Commissioners, Meetings
of the Board of Commissioners by inviting the Directors of the Sector/Fields, which in general include:
a. Approval of the Bank’s Business Plan and monitoring the implementation of the BNI Bank Business Plan
b. Bank BNI Health Level for Semester II-2020 and Semester I-2021 and BNI Risk Profile per quarter
c. Implementation of BNI Risk Management and Integrated Risk Management in the BNI Financial Conglomeration
d. The effectiveness of the implementation of the BNI Internal Control Unit
Annual Report 2020

Corporate
Governance
e. Findings and recommendations submitted by the Financial Services Authority, internal auditors, and external
auditors
f. Implementation of BNI’s Compliance Function at least 2 (two) times in one year.
g. Implementation of the Anti Money Laundering (APU) and Prevention of Terrorism Funding (PPT) Programs in the
Financial Services Sector, Implementation of Anti-Fraud Strategies and the Principles of Knowing BNI Customers
h. BNI’s Human Resources strategic issues
i. Implementation of Good Corporate Governance at BNI
j. Implementation of Integrated Governance for the BNI Financial Conglomeration.
k. The quality of the BNI credit or financing portfolio
l. Governance and strategic issues of BNI Information Technology
m. Sector Directors’ performance related to BNI’s strategic issues
n. BNI material case reports
o. Report from the Board of Directors regarding new BNI products
p. Approval of matters that are based on the Legislation and the Articles of Association of BNI must obtain approval
from the Board of Commissioners, including:
• Approval of granting credit to related parties
• Approval of Company Policies/Guidelines
MEETING OF THE BOARD OF DIRECTORS
Mechanism of the Board of Directors Meeting

The Board of Directors Meeting is held with reference to the provisions of the Financial Services Authority Regulation No.
33/POJK.04/2014 concerning the Board of Directors and Board of Commissioners of Issuers or Public Companies and
Article 13 of the Company’s Articles of Association.
The Board of Directors Meeting is held with the following conditions:
Organizing Meetings 1. Board of Directors must hold the Board of Directors’ meeting at least 1 (one) time every month.
2. The Board of Directors must hold joint meeting of the Board of Directors with the Board of Commissioners
periodically at least 1 (one) time in 4 (four) months
3. Board of Directors’ Meetings may be held at any time in the event that:
a. It is deemed necessary by one or more members of the Board of Directors
b. Upon a written request from one or more members of the Board of Commissioners
Summon of the Meeting 1. Meetings can be held at the Bank’s domicile or elsewhere in the territory of the Republic of Indonesia or at
the place of business of the Bank.
2. The summon of Board of Directors’ Meeting shall be made by the member of Board of Directors who is
entitled to represent the Board of Directors.
3. The summon of the Board of Directors’ Meeting shall be made in writing and submitted or delivered
directly to each member of the Board of Directors with an adequate receipt or by registered mail or by
courier or telex, facsimile, or e-mail no later than 5 (five) days before the meeting is held by not including
the Calling Date and the meeting date or in a shorter time if in an urgent situation.
4. The summon of meeting shall state the agenda, date, time, and place of the meeting.
5. Such calling is not required for meetings that have been scheduled based on the decisions of the Board of
Directors’ Meeting held previously or if all members of the Board of Directors are present at the meeting.
Chair of the BOD Meeting 1. All Board of Directors’ Meetings are chaired by the President Director. In the event that the President
Director is absent or unavailable, the Vice President Director will chair the Board of Directors’ meeting
or a Director who is appointed in writing by the President Director who will chair the Board of Directors’
Meeting in the event that at the same time the Vice President Director is also absent or unavailable or the
Director appointed by the Vice President Director who will chair the Board of Directors’ Meeting in the
event that at the same time the President Director is absent or unavailable and does not appoint anyone.
2. If the GMS does not appoint a Vice President Director, then in the event that the President Director is
absent or unavailable, one of the Directors who is appointed in writing by the President Director will chair
the Board of Directors’ Meeting.
3. In the event that the President Director does not appoint anyone, one of the Directors with the longest
term of office as member of Board of Directors will chair the Board of Directors’ Meeting.
4. In the event that there are more than 1 (one) members of the Board of Directors who have the longest
term of office as a member of the Bank’s Board of Directors, then the Director as stated in point 3 above
who is the oldest in age will act as the chair of the Board of Directors’ Meeting..
Annual Report 2020

Attendance 1. Member of the Board of Directors may be represented at the Board of Directors’ Meeting only by another
member of the Board of Directors based on a Power of Attorney. A member of the Board of Directors may
only represent one other member of the Board of Directors.
2. Members of the Board of Directors who are unable to attend a Board of Directors’ Meeting can submit
their opinions in writing and sign, then submit it to the President Director or Vice President Director or to
other members of the Board of Directors who will chair the Board of Directors’ Meeting, whether or not
they support the matters will be discussed and this opinion will be deemed as a vote legally issued at the
Board of Directors’ Meeting.
3. In the event that a member of the Board of Directors is unable to attend a meeting physically, then such
member of the Board of Directors may attend the meeting through teleconferencing, video conferencing,
or other electronic media facilities, in accordance with the applicable regulations.
4. Each member of the Board of Directors who personally in any way, directly or indirectly, has an interest in
a transaction, contract, or proposed contract, in which the Bank is one of the parties shall state the nature
of interest in a Board of Directors’ Meeting, and therefore, has no right to take part in voting on matters
related to such transaction or contract.
Decision Making 1. Board of Directors’ Meeting is valid and entitled to make binding decisions if attended and/or represented
by more than 1/2 (one half ) from the total members of the Board of Directors.
2. In the event that there is more than one proposal, a re-election is conducted so that one of the proposals
gets votes more than 1/2 (one half ) part of the total votes cast.
3. Board of Directors’ Meeting Decisions shall be made based on deliberation to reach a consensus. In the
event that decision based on deliberation to reach a consensus is not reached, then the decision shall be
taken by voting based on the agreed votes that are more than 1/2 (one half ) part of the total valid votes
cast at the related meeting.
4. In Board of Directors’ Meetings, each member of the Board of Directors is entitled to cast 1 (one) vote and
1 (one) additional vote for each other member of the Board of Directors represented.
5. Blank vote (abstention) is considered to approve the proposal submitted at the meeting. Void votes are
considered non-existent and not counted in determining the number of votes cast at the meeting.
6. Voting concerning an individual shall be in folded ballots without signature, while voting concerning other
matters shall be conducted orally, unless otherwise determined by the Chair of the Meeting, without any
objection being raised by those present.
Minutes of Meeting 1. The results of the Board of Directors’ Meeting must be stated in Minutes of Meeting. Minutes of Meeting
shall be made by a person present at the meeting who is appointed by the Chair of the Meeting, and then
signed by all members of the Board of Directors present and delivered to all members of the Board of
Directors.
2. Results of Board of Directors’ Meetings with the Board of Commissioners must be stated in Minutes of
Meeting. Minutes of Meeting shall be made by a person present at the meeting who is appointed by the
Chair of the Meeting, and then signed by all members of the Board of Directors and members of the Board
of Commissioners present and delivered to all members of the Board of Directors and members of the
Board of Commissioners.
3. In the event that there are members of the Board of Directors and/or members of the Board of
Commissioners who do not sign the meeting results as referred to in number 1 and 2 above, such member
must state the reason in writing in a separate letter attached to the minutes of meeting.
4. Minutes of Meeting as referred to in number 1 and number 2 above must be documented by the Bank.
5. Minutes of the Board of Directors’ Meeting are legitimate evidence for members of Board of Directors and
third parties regarding the decisions taken in the related Meeting.
Decisions Outside the Board of 1. Board of Directors may also make valid decision without holding Board of Director’s Meeting, provided that
Directors Meeting all members of Board of Directors have been notified in writing and all members of Board of Directors have
approved the related proposal submitted in writing and have signed such approvals.
2. Decisions made by such way have the same binding power as that of made validly in Board of Director’s
Meeting.
Agenda, Date and Participant of BOD Meeting in 2020

Throughout 2020, the agenda, date and participant of BOD meeting are as follow:
BOD Meeting
No. Date Meeting Agenda Participants Attendance Information
1 January 6, 2020 EY Examination Progress Update and • Achmad Baiquni Present

Financial Prognosis • Herry Sidharta Present
• Putrama Wahju Setyawan Present
• Ario Bimo Present
• Tambok P. Setyawati Absent On Leave
• Rico Rizal Budidarmo Present
• Adi Sulistyowati Present
• Anggoro Eko Cahyo Absent On Leave
• Bob Tyasika Ananta Absent On Duty
• Dadang Setiabudi Present
• Endang Hidayatullah Absent On Leave
Annual Report 2020

Corporate
Governance
2 January 9, 2020 EY Examination Progress Update and • Achmad Baiquni Present

Financial Prognosis • Herry Sidharta Present
• Tambok P. Setyawati Absent On Leave
• Adi Sulistyowati Absent On Duty
• Bob Tyasika Ananta Present
• Endang Hidayatullah Present
3 January 13, 2020 Finalization of PMS Units & Sub Units for • Achmad Baiquni Present
December 2019 • Herry Sidharta Present
• Tambok P. Setyawati Present
4 January 14, 2020 Finalization of PMS Units & Sub Units for • Achmad Baiquni Present
December 2019 (Continued) • Herry Sidharta Present
• Adi Sulistyowati Absent On Duty
5 January 16, 2020 Investment policy of BNI, PA, and DLK • Achmad Baiquni Present
Update Preparation for Business Meeting in • Herry Sidharta Present
semester I 2020 • Putrama Wahju Setyawan Present
• Anggoro Eko Cahyo Present
6 January 20, 2020 • Consolidated Financial Performance for • Achmad Baiquni Present
December 2019 • Herry Sidharta Present
• Proposed Equity Participation of PT • Putrama Wahju Setyawan Present
Bank Mizuho Indonesia • Ario Bimo Present
7 February 3, 2020 Update on the 2020 Credit Card Business • Achmad Baiquni Present
Strategy • Herry Sidharta Absent On Duty
Annual Report 2020

8 February 6, 2020 Financial Performance January 31, 2020 • Achmad Baiquni Present
LAR Management Strategy • Herry Sidharta Present
The application of PSAK 71 • Putrama Wahju Setyawan Present
9 February 10, 2020 • Business Expansion Plans in Europe, • Achmad Baiquni Present
Post Brexit • Herry Sidharta Present
• Impact of the Corona Virus on the • Putrama Wahju Setyawan Present
Indonesian Economy & BNI Debtors • Ario Bimo Present
10 February 25, 2020 • Board of Directors Assignment • Herry Sidharta Present
• Temporary Arrangements for the • Anggoro Eko Cahyo Present
Authority of the Decision of the Board • Benny Yoslim Present
of Directors • Corina Leyla Karnalies Present
• Tambok P.S. Simanjuntak Present
• Sigit Prastowo Present
• Osbal Saragi Rumahorbo Present
• Y.B. Hariantono Present
• Sis Apik Wijayanto Present
11 March 3, 2020 Update on Card Fraud (Social Engineering) • Herry Sidharta Present
and its handling • Anggoro Eko Cahyo Present
• Benny Yoslim Present
• Corina Leyla Karnalies Present
• Sigit Prastowo Absent On Duty
12 March 9, 2020 Corporate Action Plan (2020 Stock • Herry Sidharta Present
Buyback) 1 • Anggoro Eko Cahyo Absent On Duty
• Benny Yoslim Absent On Duty
• Bob Tyasika Ananta Absent On Duty
13 March 10, 2020 • Financial Performance 29 February 2020 • Herry Sidharta Present
and Financial Report Prognosis as of • Anggoro Eko Cahyo Present
March 2020 • Benny Yoslim Present
• LaR Prognosis for March & Remedial • Corina Leyla Karnalies Present
Strategies • Tambok P.S. Simanjuntak Present
• Corporate Action Plan (Continued) • Putrama Wahju Setyawan Present
Annual Report 2020

Corporate
Governance
14 March 16, 2020 • Proposed Disaster Declaration and • Herry Sidharta Present Video
Activation of Business Continuity • Anggoro Eko Cahyo Present Conference
Management (BCM) & Crisis • Benny Yoslim Present
Management Team (CMT) • Corina Leyla Karnalies Present
• Update on Shares Buyback • Tambok P.S. Simanjuntak Present
Implementation • Putrama Wahju Setyawan Present
15 March 17, 2020 • Schemes for Debtors whose business • Herry Sidharta Present Video
activities were affected by the Covid-19 • Anggoro Eko Cahyo Present Conference
outbreak • Benny Yoslim Present
• Proposal for the Board of Directors • Corina Leyla Karnalies Present
16 March 18, 2020 Corporate Action Plan (Sharia Banking • Herry Sidharta Present Video
Consolidation Plan) • Anggoro Eko Cahyo Present Conference
17 March 24, 2020 Update on CMT Covid-19 Development • Herry Sidharta Present Video
• Anggoro Eko Cahyo Present Conference
18 March 31, 2020 • Expected Credit Loss (ECL) Beginning • Herry Sidharta Present Video
Balance • Anggoro Eko Cahyo Present Conference
• Update on CMT and the Impact of the • Benny Yoslim Present
Covid-19 Outbreak • Corina Leyla Karnalies Present
19 April 7, 2020 • Provisions on Stimulus in Relation to • Herry Sidharta Present Video
Covid-19 Handling • Anggoro Eko Cahyo Present Conference
• Review of Perpu No 1. Year 2020 • Benny Yoslim Present
Annual Report 2020

20 April 14, 2020 Update on CMT of the Impact of the • Herry Sidharta Present Video
Covid-19 Outbreak • Anggoro Eko Cahyo Present Conference
21 April 21, 2020 • BNI Syariah’s Corporate Action Plan • Herry Sidharta Present Video
• Preparation of BOC Meeting (Corporate • Anggoro Eko Cahyo Present Conference
& Middle Segment Remedial & • Benny Yoslim Present
Restructuring Policy) • Corina Leyla Karnalies Present
22 April 28, 2020 • ISO 37001 2016 Kick Off Meeting • Herry Sidharta Present Video
& Executive Briefing on Anti-Bribery • Anggoro Eko Cahyo Present Conference
Management System • Benny Yoslim Present
• Digital Strategy for Optimizing • Corina Leyla Karnalies Present
Consumer Business in the Pademic • Tambok P.S. Simanjuntak Present
Covid-19 Era • Putrama Wahju Setyawan Present
23 May 5, 2020 • Preparation for BOC-BOD Meeting • Herry Sidharta Present Video
• Cybercrime Risk Mitigation • Anggoro Eko Cahyo Present Conference
24 May 13, 2020 Credit Consultation Procedures to the • Herry Sidharta Present Video
Board of Commissioners • Anggoro Eko Cahyo Present Conference
25 May 14, 2020 Preparation for the 1Q 2020 Analyst • Herry Sidharta Present Video
Meeting • Anggoro Eko Cahyo Present Conference
Annual Report 2020

Corporate
Governance
26 May 15, 2020 Joint Financing Bank • Herry Sidharta Present Video
27 May 16, 2020 Joint Financing Bank • Herry Sidharta Present Video
28 May 20, 2020 New Normal Scenario Preparation Strategy • Herry Sidharta Present Video
29 May 27, 2020 Revision of RBB • Herry Sidharta Present Video
30 June 3, 2020 Transactional Business Improvement • Herry Sidharta Present Video
Strategy Towards a New Normal Era • Anggoro Eko Cahyo Present Conference
31 June10, 2020 • BNI Anniversary logo • Herry Sidharta Present Video
• Revision of the 2020 RBB • Benny Yoslim Present Conference
Annual Report 2020

32 June 17, 2020 • Board of Directors Organizational • Herry Sidharta Present Video
Review • Benny Yoslim Present Conference
• Revised RBB 2020 • Corina Leyla Karnalies Present
33 June 24, 2020 Construction Plan of BNI Regional Office • Herry Sidharta Absent Video
Building • Benny Yoslim Present Conference
• Tambok P.S. Simanjuntak Absent On Duty
34 July 8, 2020 Acceleration of Performance Achievement • Herry Sidharta Present Video
• Benny Yoslim Present Conference
35 July 15, 2020 Preparation for the BOC Meeting on • Herry Sidharta Present Video
Performance Exposure - Q2 2020 • Benny Yoslim Present Conference
36 July 29, 2020 CMT Covid-19 • Herry Sidharta Present
• Benny Yoslim Absent On Duty
• Osbal Saragi Rumahorbo Present Video
• Y.B. Hariantono Present Conference
37 August 5, 2020 Report on the Results of PIR Fine Tuning of • Herry Sidharta Present Video
Regional Head Functions • Benny Yoslim Present Conference
Annual Report 2020

Corporate
Governance
38 August 12, 2020 Discussion on Revised RBB • Herry Sidharta Present Video
39 August 19, 2020 Realization of BOD KPI Semester I 2020 • Herry Sidharta Present Video
40 August 26, 2020 Board of Directors Organization • Herry Sidharta Present Video
41 September 9, 2020 • Update CMT and PEN • Royke Tumilaar Present Video
• Update on the Organization of the • Adi Sulistyowati Present Conference
Board of Directors and Proposal on • Novita Widya Anggraini Present
Temporary Restraint of the Authority to • David Pirzada Present
Decide the Board of Directors • Henry Panjaitan Present
• Muhammad Iqbal Present
• Silvano Winston Rumantir Present
• Ronny Venir Present
42 September 15, • General Agenda • Royke Tumilaar Present Video
2020 • Organization • Adi Sulistyowati Present Conference
• Novita Widya Anggraini Present
• David Pirzada Present
• Henry Panjaitan Present
43 September 16, • Fundraising Plan Series B • Royke Tumilaar Present Video
2020 • Financial Performance Update • Adi Sulistyowati Present Conference
Annual Report 2020

44 September 23, General Agenda • Royke Tumilaar Present Video

2020 • Adi Sulistyowati Present Conference
45 September 30, • General Agenda • Royke Tumilaar Present Video
2020 • Design of new offices and locations for • Adi Sulistyowati Present Conference
BNI Overseas • Novita Widya Anggraini Present
• Update on the Sharia Bank Merger • David Pirzada Present
Project • Henry Panjaitan Present
46 October 7, 2020 • General Agenda • Royke Tumilaar Present
• Savings Business Performance • Adi Sulistyowati Absent On Duty
Improvement Project • Novita Widya Anggraini Present
• Discussion on KUD 2021-2023 and • David Pirzada Present
Revision of the 2019-2023 Corporate • Henry Panjaitan Present Video
Plan • Corina Leyla Karnalies Present Conference
47 October 9, 2020 Project Amanah • Royke Tumilaar Present Video
• Adi Sulistyowati Present Conference
48 October 14, 2020 • General Agenda • Royke Tumilaar Present Video
• Kick Off Corporate Plan Review 2019- • Adi Sulistyowati Present Conference
2023 • Novita Widya Anggraini Present
• Update on Performance of September • David Pirzada Present
2020 & Marketing Program • Henry Panjaitan Present
Annual Report 2020

Corporate
Governance
49 October 15, 2020 General Agenda • Royke Tumilaar Present

50 October 21, 2020 • General Agenda • Royke Tumilaar Present
• Update of BOD Meeting Material • Adi Sulistyowati Present
related to Bank Soundness Level • Novita Widya Anggraini Present
Semester II/2020 and Risk Profile Q • David Pirzada Present
III/2020 • Henry Panjaitan Present
51 October 26, 2020 BOD meeting on Follow-up of Executive • Royke Tumilaar Present
Talent Committee • Adi Sulistyowati Present
52 November 4, 2020 • General Agenda • Royke Tumilaar Present Video
• Old Town Area Arrangement • Adi Sulistyowati Present Conference
• Debtor Guarantee Asset Settlement • Novita Widya Anggraini Present
• Bank Business Plan (RBB) 2021-2023 • Adi Sulistyowati Present Conference
• IR organization • Novita Widya Anggraini Present
Annual Report 2020

54 November 12, 2020 • RBB • Royke Tumilaar Present Video

• Update on Policy Implementation & • Adi Sulistyowati Present Conference
Risk Management of TAD • Novita Widya Anggraini Present
• Workshop Review Corporate Plan 2019- • Adi Sulistyowati Present Conference
2023 • Novita Widya Anggraini Present
• Approval of BNI 2020 Recovery Plan • David Pirzada Present
Document • Henry Panjaitan Present
56 November 19, 2020 Workshop Review Corporate Plan 2019- • Royke Tumilaar Present Video
2023 • Adi Sulistyowati Present Conference
57 November 22, 2020 Preparation of Business Plan and Continual • Royke Tumilaar Present Video
Mandatory Learning Program (CMLP) • Adi Sulistyowati Present Conference
• Medium Credit Center Consolidation • Adi Sulistyowati Present Conference
Annual Report 2020

Corporate
Governance
59 December 2, 2020 • General Agenda • Royke Tumilaar Present Video

• Debtor Re-segmentation & Authority to • Adi Sulistyowati Present Conference
Decide Credit • Novita Widya Anggraini Present
• Performance and Financing Issues of • David Pirzada Present
BNI Multifinance • Henry Panjaitan Present
• Ronny Venir Absent
• Financial Prognosis of December 2020• • Adi Sulistyowati Present Conference
KPI BOD 2020 & 2021 • Novita Widya Anggraini Present
• Workspace Design • David Pirzada Present
61 December 14, 2020 General Agenda • Royke Tumilaar Present Video
Update on BNI Griya and BNI Flexi • Adi Sulistyowati Present Conference
Follow-up of Exit Meeting - Compliance • Novita Widya Anggraini Present
• Workshop Corporate Plan II • Adi Sulistyowati Present Conference
• Establishment of Subsidiary Companies • Adi Sulistyowati Present Conference
• KPI of BOD • Novita Widya Anggraini Present
• Overview of IT: Main Channel Systems, • David Pirzada Present
Digitalization Plan and Capex 2021, • Henry Panjaitan Present
Cybersecurity & Access Mgt. • Corina Leyla Karnalies Present
• Service Sector and Network Update • Muhammad Iqbal Present
Annual Report 2020

Frequency and Attendance of Board of Directors Meetings

Throughout 2020, the Board of Directors has attended the Board of Directors ‘Meeting 65 (sixty five) times as well as the
Board of Directors’ meeting with the Board of Commissioners for 15 (fifteen) times. The frequency and attendance of
meetings for each Board of Directors are as follows:
Board of Commissioner
Board of Directors Meeting Meeting with the Board of
Directors
Number of Meetings and (%) Number of Meeting and (%) of
Name Position
of Attendance Attendance
Number Number
Number of Number of
of % of %
Attendance Attendance
Meetings Meetings
Achmad Baiquni President Director 9 9 100 1 1 100

Herry Sidharta Vice President Director 9 8 89 1 1 100
President Director 33 33 100 4 4 100
Putrama Wahju Setyawan Managing Director Corporate Banking 9 9 100 11 7 64
Managing Director Treasury and 33 32 97
International
Ario Bimo Managing Director Finance 9 9 100 1 1 100
Tambok P. Setyawati Managing Director MSME & Network 9 7 78 11 11 100
Managing Director MSME 33 33 100
Rico Rizal Budidarmo Managing Director Risk Management 9 9 100 1 1 100
Adi Sulistyowati Managing Director Institutional Relations 9 7 78 11 11 100
Managing Director Services & Network 33 32 97
Vice President Director 23 22 96 2 2 100
Anggoro Eko Cahyo Managing Director Consumer Banking 9 5 55 1 1 100
Vice President Director 22 22 100
Bob Tyasika Ananta Managing Director Treasury and 9 8 89 15 14 93
International
Managing Director Human Capital and 56 55 98
Compliance
Dadang Setiabudi Managing Director Information Technology 9 9 100 1 1 100
and Operations
Endang Hidayatullah Managing Director Human Capital and 9 8 89 1 1 100
Compliance
Benny Yoslim Managing Director Corporate Banking 33 31 94 4 4 100
Corina Leyla Karnalies Managing Director Consumer BAnking 56 56 100 6 6 100
Sigit Prastowo Managing Director Finance 33 32 97 4 4 100
Osbal Saragi Rumahorbo Managing Director Risk Management 33 33 100 2 1 50
Y.B. Hariantono Managing Director Information Technology 56 55 98 5 5 100
and Operations
Sis Apik Wijayanto Managing Director Institutional Relations 56 56 100 5 5 100
Royke Tumilaar President Director 23 23 100 2 2 100
Novita Widya Anggraini Managing Director Finance 23 23 100 2 2 100
David Pirzada Managing Director Risk Management 23 23 100 - - -
Henry Panjaitan Managing Director Treasury & International 23 23 100 2 2 100
Muhammad Iqbal Managing Director MSME 23 23 100 2 1 50
Silvano Winston Rumantir Managing Director Corporate Banking 23 23 100 - - -
Ronny Venir Managing Director Network & Services 23 22 96 2 - -
Annual Report 2020

Corporate
Governance
Meetings Scheduled in 2021

Based on Article 13 of the Bank’s Articles of Association, the Board of Directors is required to convene Board of Directors
Meeting periodically at least 1 (one) time every month. The meeting of the Board of Directors can be held at any time if
deemed necessary by one or more members of the Board of Directors or upon written request from one or more members
In 2021, Board of Directors Meetings are scheduled to be held 12 (twelve) times. The Board of Directors Meeting Schedule
for 2021 is as follows:
No. Month Agenda
1 January 2021 • Financial Report

• Performance and Financial Evaluation
• Evaluation of the Countermeasures of the Impact of Covid-19 on Business and Operations
• Transformation
2 February 2021 • Corporate Plan and RBB
• Business Continuity Management
• Investor Relations and BNI Shares
• Review & MSME Business Strategy
3 March 2021 • IT Architecture and Digitalization
• Banking Operations
• Human Resources Evaluation & Strategy
• Corporate Banking Business Review & Strategy
4 April 2021 • Risk management
• Internal Control
• Consumer Business Reviews & Strategies
• Evaluation of Credit, Fund & Service Policies
5 May 2021 • Equity capital
• Evaluation of Subsidiary Performance
• Risk Management and Integrated Governance
• Strategy on Low-Cost Fund Management
• Remedial & Recovery Evaluation & Strategies
6 June 2021 • Government, Risk & Compliance
• Review of Anti-Gratuity and Anti-Bribery Policies
• Evaluation of Office Networks and Digitalization of Services
• Covid-19 Impact Recovery Strategy
• Banking Ratios
• Review of Realization of the RBB
7 July 2021 • Performance and Financial Evaluation
• Reviews of Performance and International Business
• Treasury Business Review
• Transformation
• Big Data Evaluation and Strategy
8 August 2021 • Bank capital
• Assets and Liabilities
• Review of the Company’s Organizational Effectiveness
• Review of Institutional and Transactional Relations and Business Strategies
9 September 2021 • Evaluation and Bank Income Strategy
• Performance and Financial Evaluation
• Digitalization and Anti Cyber Crime Strategy
10 October 2021 • Human Resource Management Strategy
• Banking ratios
• Evaluation of the Strategy for Handling Covid-19 affected Debtors
11 November 2021 • Bank Asset Management
• Business Innovation
• Evaluation of Bank Products and Services
• Covid-19 Impact Recovery Strategy
12 December 2021 • Performance and Financial Evaluation
• Evaluation of Target Achievement
• Strategy Evaluation and Transformation
• Performance Evaluation of BNI Shares
Annual Report 2020

Affiliation Relationship
AFFILIATION RELATIONSHIP OF BOARD OF COMMISSIONERS
All members of the Board of Commissioners and between members of the Board of Commissioners and members of the
Board of Directors are prohibited from having family relations up to the third degree, either in a straight line or sideways,
including relationships arising from marriage. The entire Board of Commissioners does not have financial, family and
management relationships either with fellow Commissioners or with the Board of Directors.
The independence and affiliation of members of the Board of Commissioners can be seen in the table below:
Financial, Family and Management Relationship of the Commissioners

Financial Relationship with Family Relationship with Management
Relationship
Name Position Board of Board of Controlling Board of Board of Controlling with Other
Commissioners Directors Shareholder Commissioners Directors SH Company
Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Agus Dermawan President √ √ √ √ √ √ √

Wintarto Commissioner/
Martowardojo Independent
Commissioner
Pradjoto Vice President √ √ √ √ √ √ √
Commissioner/
Independent
Commissioner
Ratih Nurdiati Commissioner √ √ √ √ √ √ √
Askolani Commissioner √ √ √ √ √ √ √
Joni Swastanto Commissioner √ √ √ √ √ √ √
Susyanto Commissioner √ √ √ √ √ √ √
Sigit Widyawan Independent √ √ √ √ √ √ √
Commissioner
Asmawi Syam Independent √ √ √ √ √ √ √
Commissioner
Septian Hario Independent √ √ √ √ √ √ √
Seto Commissioner
Iman Sugema Independent √ √ √ √ √ √ √
Commissioner
AFFILIATION RELATIONSHIP OF BOARD OF DIRECTORS
The Board of Directors always acts independently, in the sense that there is no conflict of interest that may interfere with
the ability to perform its duties independently and critically, either in regard of relationship with one another or in regard of
relationship with the Board of Commissioners.
The Board of Directors has no financial relationship, management relationship, share ownership, and/or family relationship
with other members of the Board of Commissioners, Board of Directors, and/or Controlling Shareholders or relationship
with the Bank, therefore, the Board can perform the duties and responsibilities independently.
Annual Report 2020

Corporate
Governance
Affiliation relationship between members of Board of Directors, Board of Commissioners, and Main and/or Controlling
Shareholders includes:
1. Affiliation relationship between member of Board of Directors and other member of Board of Directors.
2. Affiliation relationship between members of Board of Directors and members of Board of Commissioners.
3. Affiliation relationship between members of Board of Directors and Main and/or Controlling Shareholders.
Independence of the Board of Directors can be seen in the table below:
Financial, Family and Management Relationship of the Commissioners

Financial Relationship with Family Relationship with Management
Relationship
Name Position Board of Board of Controlling Board of Board of Controlling with Other
Commissioners Directors Shareholder Commissioners Directors SH Company
Yes No Yes No Yes No Yes No Yes No Yes No Yes No
Royke Tumilaar President √ √ √ √ √ √ √

Director
Adi Sulistyowati Vice President √ √ √ √ √ √ √
Director
Corina Lelya Managing √ √ √ √ √ √ √
Karnalies Director
Consumer
Banking
Novita Widya Managing √ √ √ √ √ √ √
Anggraini Director
Finance
Hariantono Managing √ √ √ √ √ √ √
Director IT &
Operations
Bob Tyasika Managing √ √ √ √ √ √ √
Ananta DirectorHuman
Capital &
Compliance
Silvano W. Managing √ √ √ √ √ √ √
Rumantir Director
Corporate
Banking
David Pirzada Managing √ √ √ √ √ √ √
Director Risk
Management
Sis Apik Managing √ √ √ √ √ √ √
Wijayanto Director
Institutional
Relations
Ronny Venir Managing √ √ √ √ √ √ √
Director
Services &
Networks
Muhammad Managing √ √ √ √ √ √ √
Iqbal Director MSME
Henry Panjaitan Managing √ √ √ √ √ √ √
Director
Treasury &
International
Annual Report 2020

Information on Main and
Controlling Shareholders
BNI is a State-Owned Enterprise in which the largest share ownership is owned by the Republic of Indonesia. The Republic
of Indonesia has one Dwiwarna Series A Share with 60% share ownership. So there are no major shareholders and
individual controllers.
Republic of
Indonesia
PT Bank Negara Indonesia, (Persero) Tbk
Annual Report 2020

Corporate
Governance
Largest Shareholder SchemE
Dwiwarna A Series Shares grant the shareholders privileges that are not owned by other shareholders, which are:
1. The right to approve in GMS on the following matters:
• Approval for amendment to the Articles of Association;
• Approval for changes to Equity;
• Approval for Appointment and Dismissal of members of Board of Directors and Board of Commissioners;
• Approval for merger, consolidation, acquisition, split, and dissolution;
• Approval for remuneration of members of Board of Directors and Board of Commissioners;
• Approval for asset transfer based on Articles of Association that requires GMS approval;
• Approval for participation and reduction of the percentage of equity participation in other companies based on the
Articles of Association that requires GMS approval;
• Approval for the use of profits;
• Approval for investment and long-term financing that is not operations in nature based on the Articles of
Association that requires GMS approval;
2. The right to propose candidate members of the Board of Directors and candidate members of the Board of
Commissioners.
3. The right to propose GMS agenda.
4. The right to request and access company data and documents in which the mechanism to use such rights is in
accordance with the provisions in the Articles of Association and laws and regulations. Detailed information on Main
and Controlling Shareholders can be seen in the Shareholders Composition section in this Annual Report.
EQUAL TREATMENT TO ALL SHAREHOLDERS
BNI provides equal treatment and opportunities for all Shareholders including Minority Shareholders and Foreign
Shareholders in obtaining information about the Bank. BNI actively makes timely or accurate disclosures regarding all
material aspects of the Company, including the financial situation, performance, ownership and governance of the Company
(The 2019 Information Disclosure List has been disclosed in the discussion of the Corporate Secretary).
BNI protects the rights of the Shareholders as referred to in the Capital Market provisions. The rights of stakeholders
must be recognized in accordance with applicable laws and regulations, and active cooperation between the Bank and
stakeholders must be developed in a joint effort to create wealth, work and sustainability of the Bank.
Annual Report 2020

Organs and Committees
under the Board of Commissioners
AUDIT COMMITTEE REPORT Audit Committee Charter

The Audit Committee Charter covers the structure and
The Audit Committee is a committee formed by and terms of membership, tenure, duties and responsibilities,
responsible to the Board of Commissioners in helping carry authorities, meetings of the Audit Committee, as well as
out the duties and functions of Board of Commissioners in reporting obligations on the Audit Committee execution
order to ensure good governance in the business activities, of duties or activities. The Audit Committee’s Code of
and supervision of the duties and responsibilities of the Conduct covers integrity, objectivity and independence,
Board of Directors. confidentiality, and competence.
Legal Basis for The Establishment of Audit The Audit Committee Duties and
Committee Responsibilities
BNI’S Audit Committee was established in 2000 based The Audit Committee has duties and responsibilities to:
on the Board of Commissioners’ Decree No. Kep/05/ 1. Review the financial information to be published
DK/2000 dated July 28, 2000 regarding the Establishment by the Company to the public and/or authorities,
of the Audit Commit-tee. The BNI Audit Committee such as financial statements, projections, and other
Charter is continuously refined and updated in accordance statements relating to the Company’s financial
with the applicable rules and regulations’ developments/ information.
amendments and current conditions. The latest 2. Review the adherence to laws and regulations relating
amendments to BNI Audit Committee Charter were made to the Company’s activities.
in 2019 stipulated by the Board of Commissioners Decree 3. Provide independent opinion in the case of:
No. KEP/003/DK/2019 dated June 20, 2019 concerning the a. Disagreements between management and the
Audit Committee Charter and Code of Conduct of PT Bank Accountant for services rendered; and/or
Negara Indonesia (Persero) Tbk, with the following rules: b. Non-compliance of the public accounting firm’s
1. Minister for State-Owned Enterprises Regulation No. audit with applicable auditing standards.
PER-12/MBU/2012 dated August 24, 2012 concerning 4. Provide recommendations to the Board of
Supporting Organs of the Board of Commissioners/ Commissioners on the appointment of a Public
Supervisory Board of State-Owned Enterprises. Accountant and Public Accounting Office to be
2. Board of Directors Decree of PT Bursa Efek Indonesia submitted to the General Meeting of Shareholders.
No. Kep-00001/BEI/01-2014 dated January 20, 2014 Recommendations at least consider:
concerning Amendment to Regulation Number I-A a. Independence of Public Accountant, Public
regarding Stock Listing and Equity-Type Securities Accounting Firm and insiders of the Public
Issued by the Listed Company. Accounting Firm;
3. Financial Services Authority (FSA) Regulation No. 55/ b. Audit scope;
POJK.04/2015 dated December 23, 2015 concerning c. Remuneration of audit services;
the Establishment and Work Guide-lines of the Audit d. Expertise and experience of Public Accountant,
Committee. Public Accounting Firm and Audit Team of Public
4. Financial Services Authority Regulation No. 55/ Accounting Firm;
POJK.03/2016 dated December 7, 2016 concerning e. Methodology, techniques and audit facilities used
Implementation of Governance for Commercial Banks. by the Public Accounting Firm;
5. Financial Services Authority Regulation No. 13/ f. Fresh eye perspectives that will be obtained
POJK.03/2017 dated March 27, 2017 concerning through the replacement of Public Accountant,
the Use of Public Accounting Services and Public Public Accounting Firm, and Audit Team from
Accounting Firms in Financial Service activities. Public Accounting Firm;
6. Financial Services Authority Regulation No. 1/ g. Potential risks for the use of audit services by the
POJK.03/2019 dated January 28, 2019 concerning same Public Accounting Firm successively for a
Internal Audit Function for Commercial Banks. sufficiently long period of time; and/or
h. Evaluation result on the implementation of
audit services for financial formation by Public
Accountant and Public Accountant Office in the
previous period, if any.
Annual Report 2020

Corporate
Governance
The Audit Committee must ensure that the Audit the President Director and the Chief Commissioner
Committee’s evaluation report on the conduct to the Financial Services Authority no later than 10
of providing audit services on annual historical (ten) working days after the date of appointment or
financial information by the Public Accountant dismissal of the SAI Head;
and/or Public Accountant Office, the Company 11. Provide recommendations to the Board of
reports to the Financial Services Authority Commissioners regarding the stipulation of Internal
periodically every year no later than 6 (six) months Audit Charter. The Audit Committee must ensure that
after the fiscal year ends; the Internal Audit Charter is re-viewed at least once in
5. Evaluate the audit services for annual historical 3 (three) years;
financial information by Public Accountant and/or 12. In carrying out the internal audit function, the Audit
Public Accounting Office, at least through: Committee is responsible for:
a. The suitability of the audit performed by the a. Monitor and review the effectiveness of the
Public Accountant and/or Public Accounting Office Bank’s internal audit implementation;
with the applicable audit standards; b. Evaluating SAI Performance;
b. Adequacy of fieldwork time; c. Ensure SAI communicates with the Directors,
c. Assessment of the scope of services provided Board of Commissioners, external auditors, and
and the adequacy of the quotation test; and the Financial Services Authority;
d. Recommendation for improvements provided by d. Ensure SAI works independently;
the Public Accountant and/or Public Account-ant e. Provide recommendations to the Board of
Office. Commissioners regarding the preparation and
The Audit Committee must ensure that the Audit determination of the audit plan, the scope and
Committee’s evaluation report on the conduct budget of the SAI;
of providing audit services on annual historical f. Reviewing audit reports and ensuring the Board
financial information by the Public Accountant of Directors take corrective actions needed
and/or Public Accountant Office, the Company quickly to anticipate control weaknesses, fraud,
reports to the Financial Services Authority problems with compliance with policies, laws and
periodically every year no later than 6 (six) months regulations, or other problems identified and re-
after the fiscal year ends; ported by the SAI;
6. Review the execution of audits by internal auditors g. Provide recommendations to the Board of
and external auditors, and oversee the implementation Commissioners regarding the overall SAI annual
of follow-up actions by the Board of Directors on the remuneration and performance awards; and
auditor findings, in order to provide recommendations h. Ensure that SAI upholds integrity in carrying out
to the Board of Commissioners; its duties.
7. Review complaints relating to the Company’s 13. Provide recommendations to the Board of
accounting and reporting process; Commissioners regarding the appointment of an
8. Examine allegations of errors in decisions at the Board independent quality controller from an external party
of Directors Meetings, or irregularities in the execution to conduct a review of the SAI’s performance. The
of the Board of Directors’ decisions. Such inspections Audit Committee must ensure that the re-port on
may be conducted by the Audit Committee, or an the results of an independent external review party
independent party pro-posed by the Audit Committee signed by the President Director and the President
and approved by the Board of Commissioners at the Commissioner is submitted to the Financial Services
expense of Bank; Authority no later than 2 (two) months after the review
9. Review and advice the Board of Commissioners period ends.
regarding potential conflict of interest; 14. The Audit Committee must ensure that special reports
10. The Audit Committee provides recommendations regarding any internal audit findings that are expected
to the Board of Commissioners regarding the to endanger the business continuity of the Bank,
appointment and dismissal of the Head of the Internal signed by the President Director and the Head of Audit
Audit Unit (SAI), and must ensure that the SAI Committee, are submitted to the Financial Services
Head’s appointment or dismissal report is signed by Authority no later than 3 (three) working days after
they are discovered;
Annual Report 2020

under The Board of Commissioners
15. The Audit Committee is obliged to ensure that the 3. Competence

report on the implementation of the main results of Audit Committee Members use their knowledge,
the internal audit, which is signed by the President expertise, and experience necessary to perform the
Director and the Chair of the Audit Committee, is tasks, responsibilities, and authorities provided. In
submitted to the Financial Services Authority semi- performing their duties, Audit Committee Member:
annually at the latest: a. Shall perform the duties, responsibilities, and
a. July 31 of the current year for the first semester; authorities given in accordance with their
b. January 31 of the following year for the second competence;
semester; and b. Shall maintain and improve their knowledge and
16. Maintain the confidentiality of Company documents, expertise sustainably
data and information.
4. Confidentiality
In carrying out its duties and responsibilities, the Audit Audit Committee Members shall always keep the
Committee takes into account the Audit Committee Code confidentiality of information that is secret and
of Conduct as follows: confidential to the Bank in accordance with the Bank’s
policies and prevailing regulations. In performing their
1. Integrity duties, Audit Committee Members
Audit Committee Members are committed to always a. Shall be prudent in the use and safeguard of
being consistent in thoughts, sayings and actions information obtained;
based on conscience and belief in essential truth b. Shall be prohibited from using information for
principles. In performing their duties Audit Committee personal or other purposes unless there is a legal
Members: obligation or professional obligation.
a. Shall carry out their duties honestly, diligently and
responsibly; Audit Committee Authorities
b. Shall be subject to the law and make disclosures 1. In performing its duties, the Audit Committee has the
in accordance with the rules of law and authority to:
profession; a. Access documents, data and information about
c. Shall practice and encourage others to act in a the Company’s employees, funds, assets and
professional manner; resources as required;
d. Shall respect and support the established Vision b. Communicate directly with employees, including
and Mission of BNI; Board of Directors and those who perform the
e. Shall be prohibited from intentionally becoming function of internal audit, risk management and
part of illegal activities, or engaging in acts that accountant related to duties and responsibilities of
undermine the credibility of the Audit Committee; the Audit Committee;
f. Shall be prohibited from deliberate c. Involve independent parties outside of the Audit
misrepresentation or manipulation in carrying out Committee required to assist the implementation
the duties, responsibilities and authorities given. of the duties (if required); and
d. Perform other authorities granted by the Board of
2. Objective and Independent Commissioners exercising its authority, the Audit
The Audit Committee members provide fair and Committee works in cooperation with SAI.
balanced assessments of all relevant conditions and 2. In exercising its authority, the Audit Committee works
are not affected by the personal or other interests of in cooperation with SAI.
the party in expressing their opinions. In performing
their duties, Audit Committee Members: Audit Committee Members Term of Office
a. Shall pay attention to balance, and place the a. Audit Committee members who are members of the
interests of stakeholders above other interests; Board of Commissioners term of office may not be
b. Shall disclose all material facts which, if not longer than the Board of Commissioners term of office
disclosed, may obscure the result reporting; as stipulated in the Articles of Association and can be
c. Shall disclose if there is a relationship that has the re-elected only for the next 1 (one) period.
potential to affect explicit judgment and cause a b. If the member of the Commissioner who is the
conflict of interest; chairman of the Audit Committee stops before his
d. Shall be prohibited from accepting anything term of office as a Commissioner of the Company, the
that may, or may potentially, affect professional Audit Committee is replaced by another Independent
judgment. Commissioner.
Annual Report 2020

Corporate
Governance
c. The term of office of Audit Committee members who come from independent parties is a maximum of 3 (three)
years and can be extended once for 2 (two) years of service so that the Audit Committee members’ tenure from
independent parties is a maximum of 5 (five) years, with does not reduce the right of the Board of Commissioners to
terminate the members of the committee at any time before the term of its appointment ends.
Audit Committee Structure, Membership, and Expertise

The structure of the Audit Committee is set forth in the Audit Committee Charter set by the Board of Commissioners, as
follows:
1. The Audit Committee is established by and responsible to the Board of Commissioners.
2. The Audit Committee members are appointed and dismissed by the Board of Commissioners.
3. The Audit Committee members shall consist of at least:
a. An independent commissioner;
b. One independent party with expertise in finance or accounting; and
c. One independent party with expertise in law or banking.
4. The Audit Committee Chairman may only hold the position of Committee Chairman in no more than 1 (one) other
committee.
5. Audit Committee memberships comprise an Independent Commissioner as Audit Committee Chairman. In the case of
more than one Independent Commissioner being members of the Audit Committee, then one of them will act as the
Audit Committee Chairman.
In the 2020 period, the structure and membership of the Audit Committee underwent several changes as explained in the
table below:
Period January 1, 2020 – February 20, 2020

Name Position Information Expertise
Pataniari Siahaan Chairman Independent Commissioner Law

Ahmad Fikri Assegaf Member Independent Commissioner Law
Donnaria Silalahi Member Independent Party Banking and Technology
Lungguk Gultom Member Independent Party Banking and Finance
Period February 20, 2020 – July 20, 2020

Sigit Widyawan Chairman Independent Commissioner Accounting and Finance

Period July 20, 2020 – December 31, 2020

Asmawi Syam Chairman Independent Commissioner Banking and Finance

Sigit Widyawan Member Independent Commissioner Accounting and Finance
Iman Sugema Member Independent Commissioner Economy and Finance
To comply with the OJK Regulation Number 55/POJK.04/2015 dated December 23, 2015 concerning the Establishment
and Guidelines for the Implementation of the Audit Committee, information regarding the appointment and dismissal of the
Audit Committee has been submitted to the Financial Services Authority within a maximum period of 2 (two) working days
after appointment or dismissal, and has been published on the Stock Exchange Website and/or the Company’s Website.
Annual Report 2020

Audit Committee Profile Lungguk Gultom

Member of Audit Committee
The brief profiles of the Chairman and Members of the
Audit Committee as of December 31, 2020 are as follows:
Asmawi Syam Indonesian citizen, domiciled in Jakarta. Born on December

Chairman of Audit Committee 30, 1954, currently 66 years old. Appointed as a Member
of the Company’s Audit Committee since January 2018
based on the Resolution of the Board of Commissioners
Profiles can be found in the Profile of the Board No. KEP/053/DK/2017 Date December 21, 2017.
of Commissioners
Obtained a Bachelor of Economy degree in Management
from Parahyangan University in 1979. He has held various
Sigit Widyawan important positions in several companies, including as
Member of Audit Committee a Member of the Board of Directors (2013-2017) and
Member of the Audit Committee and Member of the Risk
Monitoring Committee (2011-2013) at PT. BPD Banten Tbk,
Profiles can be found in the Profile of the Board Member Audit Committee and Risk Monitoring Committee
of Commissioners Member at PT Bank Commonwealth Indonesia (2011-
2013), Risk Management and Compliance Division Head
(2002-2003) and Internal Audit Division Head (2001-2002)
Iman Sugema at PT Bank Danamon Indonesia Tbk, Asset Management
Member of Audit Committee Investment Division Head at the Indonesian Bank
Restructuring Agency (IBRA) (1999-2001), and various
positions with the last position as Corporate Banking Group
Profiles can be found in the Profile of the Board Head at PT Bank Niaga Tbk. (1982-1999).
of Commissioners
Qualifications, Education and Work

Donnaria Silalahi Experience of The Audit Committee
Member of Audit Committee In general, the requirements for membership of the
Company’s Audit Committee are as follows:
1. Must have high integrity, good character and morals,
Indonesian citizen, domiciled in Jakarta. Born on ability, knowledge, experience in accordance with the
September 16, 1952, currently 68 years old. Appointed field of work, and be able to communicate well;
as a Member of the Audit Committee of the Company 2. Not a person who works or has the authority and
since June 2016 based on the Resolution of the Board of responsibility to plan, lead, control, or supervise the
Commissioners No. KEP/020/DK/2016 dated 26 May 26, Company’s activities within the last 6 (six) months,
2016, the Resolution Letter of the Board of Commissioners except for an Independent Commissioner;
No. KEP/007/DK/2018 dated May 24, 2018, and the Letter 3. Not a internal person of a Public Accounting Firm,
of Resolution of the Board Commissioner No.KEP/020/ Legal Consulting Firm, Public Appraisal Service Office
DK/2020 dated May 29, 2020. or any other party providing assurance services, non-
assurance services, appraisal services and/or other
He has held various important positions in several consulting services to the Company within the last 6
companies, including as QA & HC Operation Division Head (six) months;
(EVP) (2014-2015) and Operational Division Head (2012- 4. Must understand financial reports, the company’s
2013) at PT Bank Tabungan Pensiun Nasional Tbk. and PT business, especially those related to the services or
Bank BTPN Syariah, Operational Risk Division Head (EVP) business activities of the Company, the audit process,
at PT Bank OCBC NISP Tbk. (2009-2012), various positions risk management, and laws and regulations in the
with the last position as Operation Risk Management Head Capital Market sector as well as other related laws and
(EVP) at PT Bank Danamon Indonesia Tbk. (2001-2009), regulations;
and various positions with the last position as System and
Operation Policy Group Head (VP) at PT Bank Niaga Tbk.
(1984-2001).
Annual Report 2020

Corporate
Governance
5. Must comply with the Audit Committee code of conduct established by the Company;
6. Willing to continuously improve competence through education and training;
7. Must have at least one member with an educational background and expertise in accounting and/or finance;
8. Do not have direct or indirect shares in the Company;
9. In the event that a member of the Audit Committee acquires shares of the Company either directly or indirectly as a
result of a legal event, the shares must be transferred to another party within a maximum period of 6 (six) months after
the shares were acquired;
10. Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, or the Company’s
Major Shareholders; and
11. Has no business relationship, either directly or indirectly, relating to the Company’s business activities.
As of December 31, 2020, the educational qualifications and work experience of the Chairman and Members of the Audit
Committee are as follows:
Educational Qualifications and Work Experience of the Audit Committee
Name Position Education Experience
Asmawi Syam Chairman His education history can be found His work experience history can be found in the section on the
in the section on the Diversity of Diversity of the Composition of the Board of Commissioners
the Composition of the Board of
Commissioner
Sigit Widyawan Member His education history can be found His work experience history can be found in the section on the
Commissioners
Iman Sugema Member His education history can be found His work experience history can be found in the section on the
Commissioners
Donnaria Silalahi Member - • QA & HC Operation Division Head (EVP) and Operational Division
Head (EVP) at PT Bank Tabungan Pensiun Nasional Tbk &
PT Bank BTPN Syariah;
• Operational Risk Division Head (EVP) at PT Bank OCBC NISP Tbk;
• Various positions Position with the last position as Operation Risk
Management Head (EVP) at PT Bank Danamon Indonesia Tbk;
• Various positions with the last position as System and Operation
Policy Group Head (VP) at PT Bank Niaga Tbk.
Lungguk Gultom Member Bachelor’s Degree in Economy • Member of the Board of Directors and Member of the Audit
Committee and Member of the Risk Monitoring Committee at PT
BPD Banten Tbk;
• Member of the Audit Committee and Member of the Risk
Monitoring Committee at PT Bank Commonwealth Indonesia;
• Risk Management and Compliance Division Head and Internal
Audit Division Head at PT Bank Danamon Indonesia Tbk;
• Asset Management Investment Division Head at the Indonesian
Bank Restructuring Agency (IBRA);
• Various positions with the last position as Corporate Banking
Group Head at PT Bank Niaga Tbk.
Independence of The Audit Committee

The independence of the members of the Audit Committee is regulated in the BNI Audit Committee Code of Ethics.
Audit Committee members provide a fair and balanced assessment of all relevant conditions without being influenced by
personal interests or other parties in expressing their opinions.
All members of the Audit Committee who come from independent parties have no relationship in terms of finance,
management, share ownership and/or family relationships with all members of the Board of Commissioners, Directors and/
or Controlling Shareholders or relationship with the Bank, which may affect their ability to act independently. There is no
member of the Audit Committee who has concurrent positions as other Committee members.
Annual Report 2020

Independence of the Audit Committee

Asmawi Sigit Iman Donnaria Lungguk
Independence Aspect
Syam Widyawan Sugema Silalahi Gultom
No financial relationships with the Board of Commissioners √ √ √ √ √

No management relationships in the company, subsidiaries or √ √ √ √ √
affiliated companies
No shares in the company √ √ √ √ √
No family relationships with the Board of Commissioners, √ √ √ √ √
Board of Directors, and/or fellow members of the Audit
Committee
Not serving on the board of political party or government official √ √ √ √ √
Audit Committee Meetings

1. The Audit Committee must hold a meeting at least once in 1 (one) month;
2. The Audit Committee Meeting may make decisions if attended by at least 51% (fifty one percent) of the total
members, including Independent Commissioner and Independent Party;
3. Decisions made in the committee meetings are based on deliberation to reach consensus. In the event that consensus
agreement does not occur, decision making shall be carried out by majority votes;
4. The meeting is chaired by the Chairman of the Audit Committee or a member of the Audit Committee from an
Independent Commissioner if the Chairman of the Audit Committee is unable to attend;
5. Each Audit Committee meeting must be stated in the minutes of the meeting and signed by all Audit Committee
members present. Dissenting opinion that occur in committee meetings must be clearly stated in the minutes of the
meeting along with the reasons for such differences.
During 2020, the Audit Committee held 17 (seventeen), both internal Committee meetings, meetings with related
Sector and Division Directors, as well as through the Board of Commissioners Meetings attended by members of the
Audit Committee with the aim that substantive matters can be reported immediately to the Board of Commissioners.
In connection with the Corona Virus Pandemic (Covid-19) which must implement health protocols, some of the Audit
Committee meetings were held via video conference.
Following are the frequency and attendance levels of the Audit Committee Meetings
Attendance at Audit Committee Meetings

Number of Percentage
Name Position Attendance
Meetings
Pataniari Siahaan 1) Chairman 4 4 100%

Ahmad Fikri Assegaf 2) Member 4 4 100%
Asmawi Syam 3)
Chairman 13 13 100%
Sigit Widyawan 4) Member 13 13 100%
Iman Sugema 4)
Member 13 13 100%
Donnaria Silalahi Independent Member 17 17 100%
Lungguk Gultom Independent Member 17 17 100%
Notes:
1)
Stop serving as Chairman of Audit Committee since February 20, 2020
2)
Stop serving as Member of Audit Committee since February 20, 2020
3)
Serving as Chairman Audit Committee since July 20, 2020
4)
Serving as Member Audit Committee since July 20, 2020
Annual Report 2020

Corporate
Governance
Audit Committee Meeting Agenda

Throughout 2020, the date, agenda and participants of the Audit Committee Meetings are as follows:
Audit Committee Meeting Agenda
No. Date of Meeting Meeting Agenda Meeting Attendance
1. January 16, 2020 The Audit Committee attended a joint meeting with the Commissioner Board, • Pataniari Siahaan
with discussions: • Ahmad Fikri Assegaf
Financial Audit Progress for the 2019 financial year, which was submitted by • Donnaria Silalahi
the Director of Finance and KAP EY. • Lungguk Gultom
2 January 20, 2020 Published Financial Report as of December 31, 2019 • Pataniari Siahaan
• Ahmad Fikri Assegaf
• Donnaria Silalahi
• Lungguk Gultom
3. January 23, 2020 • Evaluation of the Implementation of the RKAT of IAU for the fourth quarter • Pataniari Siahaan
of 2019 • Ahmad Fikri Assegaf
• Evaluation of Audit Results • Donnaria Silalahi
• Follow up on IAU examination • Lungguk Gultom
• Follow-up on the External Auditor’s Examination
4. February6, 2020 • Realization of the Compliance Division Review up to Quarter IV 2019 • Pataniari Siahaan
• Follow up on the review results from the Compliance Division • Ahmad Fikri Assegaf
• Anti Fraud Strategy Program • Donnaria Silalahi
• Whistle Blowing System Program • Lungguk Gultom
• Development of employee cases and monitoring of follow-up cases of
fraud
5 July 30, 2020 The Audit Committee attended the Kick Off Meeting with the Commissioner • Asmawi Syam
Board, to discuss: • Sigit Widyawan
The assignment of KAP Purwantono, Sungkoro & Surja (KAP PSS) (member • Iman Sugema
EY) to audit the BNI Financial Statements for the 2020 financial year. • Donnaria Silalahi
• Lungguk Gultom
6 August 14, 2020 Review progress of Audit Limited Review of Consolidated Financial Statements • Asmawi Syam
June 30, 2020 on August 14, 2020 in the context of the Sharia bank merger • Sigit Widyawan
process. • Iman Sugema
• Lungguk Gultom
7. September 1, 2020 • Evaluation of the Implementation of the Second Quarter/Semester I of • Asmawi Syam
2020 RKAT IAU Implementation • Sigit Widyawan
• Rating of Audit Results • Iman Sugema
• Evaluation of Audit Results • Donnaria Silalahi
• Follow up on SAI examination • Lungguk Gultom
• Follow-up on the External Auditor’s Examination
• Report on the results of audits of BNI New York by the FRB and OJK
8. September 10, 2020 Review of the Realization of Facilities for the Board of Directors and the Board • Asmawi Syam
of Commissioners in 2019. • Sigit Widyawan
• Iman Sugema
• Lungguk Gultom
9 September 15, 2020 Internal Audit Committee meeting to discuss BNI’s Financial Statements for • Asmawi Syam
the August 31, 2020. • Sigit Widyawan
• Iman Sugema
• Lungguk Gultom
10. September 15, 2020 • Realization of Compliance Division Review up to Semester I of 2019 • Asmawi Syam
• Follow-up on the results of the Compliance Division review • Sigit Widyawan
• Anti Fraud Strategy Program • Iman Sugema
• Whistle Blowing System Program • Donnaria Silalahi
• Development of employee cases and monitoring of follow-up cases of • Lungguk Gultom
fraud
11. October 6, 2020 Meeting to discuss LHA of the IAU. • Asmawi Syam
• Sigit Widyawan
• Iman Sugema
• Lungguk Gultom
12. October 13, 2020 Audit Committee’s internal meeting to discuss: • Asmawi Syam
• Discussion of KA input on the EY letter dated 2-10-2020 • Sigit Widyawan
• Discussion of KAP procurement for the 2021 fiscal year • Iman Sugema
• Discussion of a follow-up letter to the LHA SAI review results to the Board • Donnaria Silalahi
of Directors • Lungguk Gultom
• Discussion of KA input for the 2021 SAI Audit Plan
Annual Report 2020

No. Date of Meeting Meeting Agenda Meeting Attendance
13. October 22, 2020 Discussion on BNI’s Financial Performance and the publication of the BNI • Asmawi Syam
Period 30 September 2020 report. • Sigit Widyawan
• Iman Sugema
• Lungguk Gultom
14. November 27, 2020 Meeting with KAP EY to discuss: • Asmawi Syam
• Review results of KAP EY regarding the implementation of PSAK 71 in BNI • Sigit Widyawan
• BNI Consolidated Financial Statements audit progress for the 2020 financial • Iman Sugema
year • Donnaria Silalahi
• Lungguk Gultom
15. December 1, 2020 • Evaluation of the Implementation of the RKAT SAI Quarter III of 2020 • Asmawi Syam
• Rating of Audit Results • Sigit Widyawan
• Evaluation of Audit Results • Iman Sugema
• Follow up on IAU examination • Donnaria Silalahi
• Follow-up on the External Auditor’s Examination • Lungguk Gultom
16. December 8, 2020 • Compliance Division Review Realization for Quarter III of 2020 • Asmawi Syam
• Follow-up on the results of the Compliance Division review • Sigit Widyawan
• Anti Fraud Strategy Program • Iman Sugema
• Whistle Blowing System Program • Donnaria Silalahi
• Development of Employee Case Resolution and Fraud Case Follow-up • Lungguk Gultom
17. December 16, 2020 Internal Audit Committee meeting to discuss: • Asmawi Syam
• The Draft of the Audit Committee Charter • Sigit Widyawan
• The 2020 Audit Committee Work Plan • Iman Sugema
• Lungguk Gultom
Brief Report on the Audit Committee’s 6. Reviewing the implementation of audits by internal
Activities in 2020 and external auditors, and supervising the follow-up
In carrying out good corporate governance, the Board of actions by the Board of Directors on the auditors’
Commissioners formed an Audit Committee based on findings.
applicable regulations. The Duties and Responsibilities a. Reviewing the planning and implementation of SAI
of the Audit Committee, as well as its Code of Ethics are audits and consultations, as well as monitoring the
stipulated in the Audit Committee Charter and the Audit follow-up of SAI’s examination results.
Committee Code of Ethics that have been established by b. Reviewing the planning and implementation of
the Board of Commissioners. the Compliance Division (KPN) review, as well as
monitoring the follow-up results of the KPN Division
To comply with OJK Regulation Number 55/POJK.04/2015 review.
dated December 23, 2015, BNI has posted the Audit c. Review the implementation of the OJK Audit, as well
Committee Charter and other information required in the as supervise the follow-up of the OJK examination
OJK Regulation on the Company’s Website. results.
d. Review the implementation of the BPK Audit, as well
During 2020 the Audit Committee has performed its duties as supervise the follow-up of the BPK audit results.
and responsibilities according to the following provisions: e. Reviewing the implementation of KAP Audit, as well
1. Reviewing the financial information to be issued by as monitoring the follow-up of KAP examination
the Company to the public and/or the authorities. results (Management Letter).
2. Reviewing the compliance with laws and regulations f. Monitor the preparation of reports from the Board of
relating to the Company’s activities. Directors and Commissioners on key audit results.
3. Evaluating the effectiveness of the implementation g. Monitor the progress of employee case resolution,
of audits/services provided by the Public Accounting and follow up on cases related to fraud.
Firm (KAP), including reviewing independence and 7. Conduct an assessment of the BNI Internal Control
objectivity. System.
4. Provide recommendations to the Board of a. Evaluating the application of the Whistle Blowing
Commissioners regarding the appointment of a Public System (WBS).
Accountant and KAP for the 2020 financial year audit. b. Evaluating the implementation of the Anti-Fraud
5. Compiling a Report on the Results of the KA Strategy Program.
Evaluation on the implementation of KAP audit 8. Reviewing the Company’s monthly performance
services for the 2019 financial year. reports.
Annual Report 2020

Corporate
Governance
9. Reviewing the implementation of the Company’s conducted by the Audit Committee until the end of
Good Corporate Governance (GCG). 2020 are as follows:
10. Reviewing management proposals that require the • The progress of completion of BI audit results
approval of the Board of Commissioners. is 100% or all recommendations have been
11. Making reports related to the implementation of the followed up.
duties of the Audit Committee. • The progress of OJK audit results completion is
12. Coordinating between Committees. 96.38% with 60 (sixty) recommendations.
• 80% completion progress of the BPK audit results
In the 2020 financial year, through Committee meetings, with 96 (ninety six) recommendations.
the Audit Committee conducted discussions with related • The progress of completing the Management
parties regarding the following matters: Letter of KAP Purwantono, Sungkoro & Surja
a. Management (member of Ernst & Young) was 89.47% with 4
The Audit Committee reviews audited and unaudited (four) recommendations.
financial reports to be published in 2020, to ensure
that the content and disclosure of information is in The Audit Committee has prepared a Report on the
accordance with applicable accounting standards and Evaluation Results of the Implementation of Audit
regulations. Evaluation of the effectiveness of audit Services for Annual Historical Financial Information for
implementation by external auditors, independence, the 2019 Financial Year by KAP Purwantono, Sungkoro
objectivity, and the adequacy of the scope of the & Surja (member of Ernst & Young). To comply with
examination is also carried out by the Audit Committee OJK Regulation Number 13/POJK.03/2017 dated 27
through discussions with Management. The Audit March 2017 concerning the Use of Public Accountant
Committee also conducts discussions and monitors Services and Public Accounting Firms in Financial
the follow-up of the settlement of Audit findings, Services Activities, the Company has reported the
both Internal Audit and External Audit, monitors the Audit Committee Evaluation Result Report to OJK in
follow-up on the resolution of cases that occur in July 2020.
order to accelerate the settlement and the necessary
administrative sanctions measures. c. Internal Audit Unit
The Audit Committee reviews the annual internal audit
To further improve the quality of the Bank’s credit, the plan, monitors the implementation and results of the
Audit Committee through the Board of Commissioners inspection, as well as the follow-up on its completion
has recommended the Management to conduct a by the Company’s Management. The Audit Committee
thorough review of the BNI credit process. also held discussions with the Internal Audit Unit
(IAU), in an effort to encourage the effectiveness and
b. External Auditor strengthening of the functions of the SAI.
Regarding the audit process of the company’s financial
statements as of December 31, 2020 carried out Based on the IAU’s 2020 RKAT, the realization of the
by the Public Accountant Office (KAP), the Audit planned activities carried out by IAU is as follows:
Committee discussed the audit plan, monitoring
the progress of the audit implementation including Plan
No Type of Activity Realization
findings that require adjustments, evaluation of Realization
internal control including internal control over the

1 General Audit 176 182
Company’s financial reporting, as well as the quality of
2 Information Technology Audit 6 8
the Company’s overall financial reporting.
3 Activity audits/end to end 62 62
In the implementation of the monitoring function 4 Mandatory Audit 9 12
of the audit results conducted by external auditors, 5 Independent Review 10 11

namely Bank Indonesia (BI), the Financial Services 5 Consultation 3 3
Authority (OJK), the Supreme Audit Agency (BPK), Total 266 278
the Financial Transaction Reports and Analysis Center
(PPATK), and KAP, the Audit Committee has evaluated
the follow-up actions taken by the Management on The results from review and evaluation of the follow-
the audit results of the said external auditor. The up of IAU’s audit until the end of 2020, 54 (fifty four)
review and evaluation of the results of external audits follow-ups are still in the process of completion,
Annual Report 2020

consisting of 29 (twenty nine) follow-ups to the 2019 unethical behavior, 2 (two) proven reports related to
audit, and 25 (twenty five) follow-ups to the 2020 fraud, 11 (eleven) proven reports related to violations
audit. of regulations/laws, 1 (one) proven report related to
gratification, 1 (one) proven report related to conflicts
Based on the results of the review and evaluation of of interest, and 17 (seventeen) follow-up reports are
the employee case resolution process, in 2020 there still in the process of being completed.
are 70 (seventy) cases. A total of 67 (sixty seven)
cases have been processed, while 3 (three) cases are The implementation of the Anti-Fraud Strategy for
still in the process of being resolved. semester II of 2019 was reported to OJK in January
2020, and the Implementation of the Anti-Fraud
Employees who are proven to have committed Strategy for semester I of 2020 was reported to
violations and/or fraud will be sanctioned by dismissal OJK in July 2020. In 2020, there were no cases of
(Termination of Employment Relations), namely fraud reported as incidental reports to OJK. Based
41 (forty one) employees, Demotion to 9 (nine) on the results of the review and evaluation of the
employees, STK (Final Warning Letter) to 22 (twenty implementation of the Anti-Fraud Strategy, in 2020
two) employees, STE (Reprimand Letter) to 22 (twenty there were 45 (forty five) internal fraud incidents and 4
two) employees, and SP (Warning Letter) to 73 (four) external outlet frauds.
(seventy three) employees.
e. The Board of Commissioners
In order to further optimize the functions of IAU, the Duties and responsibilities, as well as the Audit
Audit Committee has recommended implementing Committee recommendations, have been periodically
Risk Based Audit as the audit method and approach reported to the Board of Commissioners, as follows:
used by IAU in conducting audits. • Review the proposed KAP appointment and the
Audit Committee recommendation to the Board
d. Compliance Director of Commissioners to appoint KAP Purwantono,
The results of the Audit Committee’s review of Sungkoro & Surja (member of Ernst & Young) to
the Compliance Report on Banking regulations conduct an audit of the BNI Consolidated Financial
and other related laws are submitted in the form Statements ended December 31, 2020, and to
of a Compliance Director’s Duties Implementation review the effectiveness of the Public Accounting
Report. During 2020, the Company has routinely Office Audit Services including aspects of
submitted these reports to OJK in accordance with independence and objectivity.
OJK Regulation No. 46/POJK.03/2017 concerning • Review the Published Financial Reports.
Implementation of Compliance Function for • Review the effectiveness of the internal audit
Commercial Banks. In addition to this, the Audit function with regard to realization of RKAT,
Committee also conducts reviews and discussions on the findings and recommendations including
the Compliance Division work plan, employee case compliance audit on Internal Control, risk
processes, implementation of the Whistle Blowing management and corporate governance (GCG)
System (WBS), and the implementation of the Anti- processes.
Fraud Strategy Program. • Review the effectiveness of the follow-up on
the completion of Internal Auditor and External
The discussion of the work plan of the Compliance Auditors (FSA, CPC, PPATK) findings.
Division is carried out to encourage effective synergy • Review the Company’s monthly performance
between the Compliance Division and the IAU in report, RBB revision proposal 2019-2021 and RBB
carrying out its supervisory functions, especially the proposal 2020-2022 submitted by Management.
Company’s compliance with applicable regulations. • Review Management’s proposals that require the
Board of Commissioners approval.
Based on the results of the review and evaluation of • Prepare the Audit Committee Suggestions and
the WBS report, during 2020 there were 106 (one Recommendations based on the Audit Committee
hundred and six) reports submitted through the WBS, Meeting results, and recommended to the Board
consisting of 39 (thirty nine) reports outside the scope of Commissioners to submit the Audit Committee
of the WBS, 29 (twenty nine) reports of insufficient Recommendations and Opinions to Management
evidence/not proven, 6 (six) proven reports related to for follow-up.
Annual Report 2020

Corporate
Governance
Competency Development of the Audit Committee

In 2020, members the Company’s Audit Committee participated in various competency improvement programs in the form
of training, workshops, conferences, seminars, as shown in the following table:
Pengembangan Kompetensi Audit Committee

Competency Development/ Type of Training &
Name Position Date and Venue
Training Materials Organizer
Pataniari Siahaan 1) Chairman Material for Competency Development/Training, Time and Place of Implementation, and Types of
Training and Organizers can be found in the Competency Development Board of Commissioners
Ahmad Fikri Assegaf 2) Member Material for Competency Development/Training, Time and Place of Implementation, and Types of
Asmawi Syam 3) Chairman Material for Competency Development/Training, Time and Place of Implementation, and Types of
Sigit Widyawan 4) Member Material for Competency Development/Training, Time and Place of Implementation, and Types of
Iman Sugema 4) Member Material for Competency Development/Training, Time and Place of Implementation, and Types of
Donnaria Silalahi Member - - -
Lungguk Gultom Member - - -
Notes:
1)
Stop serving as Chairman Audit Committee Since February 20, 2020
2)
Stop serving as Member Audit Committee Since February 20, 2020
3)
Serving as Chairman Audit Committee Since July 20, 2020
4)
Serving as Member Audit Committee Since July 20, 2020
NOMINATION AND REMUNERATION 2. Financial Services Authority Regulation No. 34/

COMMITTEE REPORT POJK.04/2014 dated December 8, 2014 regarding the
Nomination and Issuer Remuneration Committee or
BBNI has a Nomination and Remuneration Committee with Public Company.
functions and duties to assist the Board of Commissioners 3. Financial Services Authority Regulation No. 45/
with regard to the implementation of the nomination POJK.03/2015 dated December 23, 2015 regarding
and remuneration policy at the level of the Board of the Implementation of Corporate Governance in
Commissioners, Directors, Committee members at the Remuneration for Commercial Banks.
Board of Commissioners level and all Bank employees 4. Financial Services Authority Circular Letter No. 40/
based on applicable regulations. SEOJK.03/2016 dated September 26, 2016 regarding
the Implementation of Corporate Governance in
Legal Basis of the Establishment of Remuneration for Commercial Banks.
Nomination and Remuneration Committee 5. Financial Services Authority Regulation No. 55/
The Nomination and Remuneration Committee was POJK.03/2016 dated December 7, 2016 regarding
established in 2002 by virtue of a decision by the Board the Implementation of Corporate Governance for
of Commissioners No. Kep/01/DK/2002 dated December Commercial Banks.
2, 2002 regarding the Establishment of the Nomination 6. Financial Services Authority Circular Letter No. 13/
and Remuneration Committee. The Nomination and SEOJK.03/2017 dated March 17, 2017 regarding
Remuneration Committee is established by the Board of the Implementation of Corporate Governance for
Commissioners and carries out their duties according to Commercial Banks.
regulations, which are as follows:
1. Minister of State-Owned Enterprises Regulation
No. PER-12/MBU/2012 dated August 24, 2012
regarding the Supporting Organs of the Board of
Commissioners/Supervisory Board of State-Owned
Enterprises.
Annual Report 2020

Nomination and Remuneration Committee 3. Appointment of Nomination and Remuneration

Charter Committee Members for the Board of Directors
The Company has a Nomination and Remuneration is based on decisions made by the Board of
Committee Charter that is continually re-fined and Commissioners.
updated, in accordance with the development of rules and 4. The Nomination and Remuneration Committee
regulations, and current conditions. Renewal/improvement consists of at least three (3) members, namely 1 (one)
of the BNI Remuneration and Nomination Committee Independent Commissioner serving as Chairman, 1
Charter was last conducted in 2017 as stipulated in the (one) Commissioner and 1 (one) company executive
Decree of the Board of Commissioners No. KEP/030/ officer in charge of human resources, or those who
DK/2017 dated June 8, 2017 regarding the Nomination and occupy managerial positions below the Board of
Remuneration Committee Charter. Directors in charge of human resources at BNI.
5. Nomination and Remuneration Committee Members,
The Nomination and Remuneration Committee Charter other than those mentioned in point d above may
contains: come from other Board of Commissioners members
1. Legal Basis; and those from outside BNI.
2. Organizational structure and Nomination and 6. In the event that the membership of the Nomination
Remuneration Committee membership; and Remuneration Committee is more than 3 (three)
3. Remuneration and Nomination Committee persons, committee members who are Independent
Membership requirements; Commissioners shall be at least 2 (two) persons.
4. Responsibilities of the Remuneration and Nomination 7. Other Nomination Committee members as referred to
Committee; in point e cannot come from a manage-rial party under
5. Duties of the Remuneration and Nomination the Board of Directors in charge of human resources.
Committee; 8. The Nomination and Remuneration Committee
6. Rights and obligations of the Remuneration and Chairman will be an Independent Commissioner at
Nomination Committee; BNI.
7. Meetings of the Remuneration and Nomination 9. The Nomination and Remuneration Committee
Committee; Chairman shall not concurrently serve as chair-man
8. Term of Office of members of the Remuneration and in more than 1 (one) other committee, and may only
Nomination Committee. concurrently serve as Committee Chairman in at most
1 (one) other committee in BNI.
Nomination and Remuneration Committee 10. Nomination and Remuneration Committee Members
Structure, Membership and Expertise shall not be allowed coming from the Board of
The Nomination and Remuneration Committee structure Directors, either in BNI or other Banks.
and membership is set forth in the Nomination and 11. If deemed necessary, the Committee may appoint
Remuneration Committee Charter as follows: a Secretary to the Committee with the assignment,
1. The Nomination and Remuneration Committee is rights, powers and responsibilities established by the
established by the Board of Commissioners. The Chairman of the Committee.
Board of Commissioners can establish a separate
Nomination and Remuneration Committee. In the 2020 period, the structure and membership of the
2. The Nomination and Remuneration Committee Nomination and Remuneration Committee has undergone
shall act in an independent and responsible manner several changes as explained in the table below:
reporting directly to the Board of Commissioners.
Period January 1, 2020 - January 30, 2020
No. Name Position Information Expertise
1. Ari Kuncoro Chairman Independent Commissioner Economy

2. Revrisond Baswir Member Independent Commissioner • Economy
• Accounting
3. Pataniari Siahaan Member Independent Commissioner • Civil Engineering
• Law
4. Joni Swastanto Member Commissioner Economy
Annual Report 2020

Corporate
Governance
5. Ahmad Fikri Assegaf Member Independent Commissioner Law

6. Sigit Widyawan Member Independent Commissioner • Economy Accounting
• Finance
7. Reny Wiriandhani Member Independent Party • Psychology
• HR management
8. Efita Praharani Member Head of Human Capital Management • Psychology
Division • Administrative science

1. Ari Kuncoro 1) Chairman Independent Commissioner Economy

2. Revrisond Baswir Member Independent Commissioner • Economy
• Accounting
3. Pataniari Siahaan Member Independent Commissioner • Civil Engineering
• Law
5. Ahmad Fikri Assegaf Member Independent Commissioner Law
• Finance
7. Askolani 2) Member Commissioner Economy
• HR management
Notes:
1)
Stop serving as Chairman of Nomination and Remuneration Committee since February 18, 2020
2)
Serving as Member of Nomination and Remuneration Committee since January 30, 2020
Period February 18, 2020 - February 20, 2020

1. Revrisond Baswir 1) Member Independent Commissioner • Economy

• Accounting
2. Pataniari Siahaan 1) Member Independent Commissioner • Civil Engineering
• Law
4. Ahmad Fikri Assegaf 1) Member Independent Commissioner Law
• Finance
6. Askolani Member Commissioner Economy
• HR management
Information:
1)
Stop serving as Member of Nomination and Remuneration Committee since February 20, 2020
Annual Report 2020

Period February 20, 2020 - March 6, 2020

1. Sigit Widyawan 1) Member Independent Commissioner • Economy

• Accounting Finance
• HR management
Information:
1)
Stop serving as Member of Nomination and Remuneration Committee and Serving as Chairman of Nomination and Remuneration Committee since March 6, 2020
Period March 6, 2020 - April 16, 2020

1. Sigit Widyawan 1) Chairman Independent Commissioner • Economy Accounting

• Finance
• HR management
Information:
1)
Serving as Chairman of Nomination and Remuneration Committee since March 6, 2020
Period April 16, 2020 - June 18, 2020

1. Sigit Widyawan Chairman Independent Commissioner • Economy Accounting

• Finance
4. Ratih Nurdiati1) Member Commissioner Law
5. Reny Wiriandhani2) Member Independent Party • Psychology
• HR management
Information:
1)
Serving as Member of Nomination and Remuneration Committee since April 16, 2020
2)
Stop serving as Member of Nomination and Remuneration Committee since 18 June 2020
Annual Report 2020

Corporate
Governance
Period June 18, 2020 - July 20, 2020

1. Sigit Widyawan 1) Chairman Independent Commissioner • Economy Accounting

• Finance
4. Ratih Nurdiati Member Commissioner Law
Notes:
1)
Stop serving as Chairman of Nomination and Remuneration Committee and Serving as Member of Nomination and Remuneration Committee since July 20, 2020
Period July 20, 2020 - August 10, 2020

1. Agus Dermawan Wintarto Chairman President Commissioner/Independent Economy

Martowardojo 1) Commissioner
2. Pradjoto 2) Member Vice President Commissioner/Independent • Law
Commissioner • Economy
• Finance
7. Asmawi Syam 2) Member Independent Commissioner Economy
Notes:
1)
Serving as Chairman of Nomination and Remuneration Committee since July 20, 2020
2)
Serving as Member of Nomination and Remuneration Committee since July 20, 2020
Period August 10, 2020 - August 13, 2020


2. Pradjoto Member Vice President Commissioner/Independent • Law
• Finance
7. Asmawi Syam Member Independent Commissioner Economy
9. Danni Tri Suryani 1) Member Independent Party • Economy
• HR Management
Information:
1)
Serving as Independent Member of Nomination and Remuneration Committee since August 10, 2020
Annual Report 2020

Period August 13, 2020 - August 27, 2020


• Finance
8. Susyanto 1) Member Commissioner Law
10. Danni Tri Suryani Member Independent Party • Economy
• HR Management
Notes:
1)
Serving as Member of Nomination and Remuneration Committee since August 13, 2020
Period August 27, 2020 - December 31, 2020


3. Sigit Widyawan Chairman Independent Commissioner • Economy Accounting
• Finance
8. Susyanto Member Commissioner Law
9. Iman Sugema 1) Member Independent Commissioner • Agribusiness
• Economy
10. Septian Hario Seto 1) Member Independent Commissioner • Accounting
• Finance
Division • Administrative Sciences
12. Danni Tri Suryani Member Independent Party • Economy
• HR Management
Notes:
1)
Annual Report 2020

Corporate
Governance
Profile of the Nomination and Ahmad Fikri Assegaf 4)

Member of Nomination and Remuneration Committee
Remuneration Committee
Until December 31, 2020, the brief profile of Chairman
and Members of the BNI Nomination and Remuneration
Committee is as follows:
Sigit Widyawan
The brief profiles of the Chairman and members of the
Company’s Nomination and Remuneration Committee as
of December 31, 2020 are as follows:
Profiles can be found in the Profile of the Board
of Commissioners
Chairman of Nomination and Remuneration
Committee
Askolani 5)
Ari Kuncoro 1)
Chairman of Nomination and Remuneration Committee

of Commissioners
Agus Dermawan Wintarto Martowardojo 2)
Chairman Nomination and Remuneration Committee
Ratih Nurdiati 6)

of Commissioners Profiles can be found in the Profile of the Board
of Commissioners
Members of Nomination and Remuneration Asmawi Syam 7)

Committee Member of Nomination and Remuneration Committee
Pradjoto 3)
of Commissioners
of Commissioners Susyanto 8)
Revrisond Baswir 4)
of Commissioners
Pataniari Siahaan 4) Iman Sugema 9)

Member of Nomination and Remuneration Committee Member of Nomination and Remuneration Committee

Joni Swastanto of Commissioners
Septian Hario Seto 9)

of Commissioners
of Commissioners
Annual Report 2020

Efita Praharani Danni Tri Suryani 11)

Member of Nomination and Remuneration Committee Independent Member
Indonesian citizen, domiciled in Bekasi, West Java. Born on Indonesian citizen, domiciled in Jakarta. Born in 1966.
September 14, 1967. Currently 53 years old. Appointed as Currently 54 years old. Appointed as an Independent
Member of the Nomination and Remuneration Committee Member of the Company’s Nomination and Remuneration
of the Company since September 2018 based on the Committee since January 2018 based on the Resolution
Resolution of the Board of Commissioners No. KEP/018/ Letter of the Board of Commissioners No. KEP/032/
DK/2018 Date 17 December 2018. DK/2020 Date August 10, 2020.
Obtained a Bachelor’s degree in Psychology from Gadjah She holds a Bachelor’s Degree in Economics Management
Mada University in 1992 and obtained a Master of Science from the University of Indonesia, and a Master of Science
degree in Administrative Sciences from the University of in the field of Human Resources Development from the
Indonesia in 2005. University of Stirling, Scotland, UK.
Served as Regional Consumer Banking Leader - Jakarta Serving as Learning and Knowledge Management Group
Kemayoran Regional Office PT Bank Negara Indonesia Head at PT Bank Niaga (Persero) Tbk (2006-2009),
(Persero) Tbk (2016-2018), and Deputy Head of the Executive Vice President of Human Capital at Bank
Consumer Product Management Division of PT Bank Mutiara/J Trust (2014-2015), Human Capital Director
Negara Indonesia (Persero) Tbk (May - September 2018). at Sucorinvest Securities company (2015 -2016), Head
Currently Serving as Head of Human Capital Management of Human Capital and Corporate Secretary of Mandiri
Division PT Bank Negara Indonesia (Persero) Tbk. Manajemen Investasi (2017-2020) and Human Capital
Advisor in several financial companies, both banking and
non-banking.
Reny Wiriandhani 10)
Notes:
Member of Nomination and Remuneration Committee 1)
Stop serving as Chairman of Nomination and Remuneration Committee since
February 18, 2020
2)
Serving as Chairman of Nomination and Remuneration Committee since July 20,
2020
3)
Serving as member of Nomination and Remuneration Committee since July 20,
Indonesian citizen, domiciled in Jakarta. Born on April 29, 2020
4)
Stop serving as member of Nomination and Remuneration Committee since
1969 Currently 51 years old. Appointed as Independent February 20, 2020
Member of the Company’s Nomination and Remuneration 5)
Serving as member of Nomination and Remuneration Committee as of January
30, 2020
Committee on January 2018 based on the Resolution 6)
Serving as member of Nomination and Remuneration Committee since April 16,
2020
Letter of the Board of Commissioners No. KEP/055/ 7)
Serving as member of Nomination and Remuneration Committee since July 20,
DK/2017 Date 21 December 2017. 2020
8)
Serving as member of Nomination and Remuneration Committee since August
13, 2020
9)
Serving as member of Nomination and Remuneration Committee since August
She earned a Bachelor’s degree in Psychology from the 27, 2020
University of Indonesia in 1995 and a Master of Human 10)
Stop serving as member of Nomination and Remuneration Committee since
June 18, 2020
Resources Management from Monash University 11)
Serving as an independent member of Nomination and Remuneration
Committee since August 10, 2020
Melbourne, Australia.
Served as Head of Human Resources for Consumer

Banking at Standard Chartered Bank (2004-2011), Head of
Human Resources at PT Bank ICBC Indonesia (2011-2015)
and Head of Human Resources at Bank Permata
(2015-2016).
Annual Report 2020

Corporate
Governance
Education Qualifications and Work prevailing laws and regulations, in particular

Experience of The Nomination and the Financial Services Authority Circular which
Remuneration Committee regulates the Implementation of Governance for
Requirements for members of the Nomination and Commercial Banks and the Financial Services
Remuneration Committee, include: Authority Regulations governing the Nomination
1. Members of the Nomination and Remuneration Committee and Remuneration of Issuers or Public
Committee must have the following requirements: Companies.
• Possess high integrity, ability, knowledge and b. Have experience related to nominations and/or
adequate work experience in the duties of the remuneration.
Nomination and Remuneration Committee, and c. Not an employee of BNI.
have an understanding of banking. d. Does not have concurrent position as:
• Has no personal interest/relationship that could • Members of the Board of Commissioners/
cause negative impacts and conflict of interest on Supervisory Board of State Owned
the Company. Enterprises (BUMN)/other companies;
• Can provide sufficient time to complete the task. • Secretary/staff Secretary for the Board of
• Able to work together and communicate well and Commissioners/Board of Supervisors at
effectively. BUMN/other companies.
2. In addition to the requirements as stated in point 1 • Other committee members in the Company.
above, members of the Nomination Committee and
Remuneration from an Independent Party must meet e. The executive officer in charge of human
the following requirements: resources must have knowledge of the
a. Has no affiliation or financial relationship, remuneration and/or nomination system as well
management relationship, ownership relationship as the Bank’s succession plan.
and/or family relationship with members of f. BNI must examine the correctness of all
the Board of Commissioners, members of the documents or data supporting the fulfillment
Board of Directors and/or Series A Dwiwarna of Independent Party requirements, including a
Shareholders or any relationship with BNI that personal statement regarding the integrity of the
may affect their ability to act independently. Independent Party.
The meaning of Independent Party in this
charter is guided by the provisions governing As of December 31, 2020, the educational qualifications
the Independent Party of the committee and work experience of the Chair and Members of the
under the Board of Commissioners in the Nomination and Remuneration Committee are as follows:
Name Position Education Working Experience
Ari Kuncoro 1) Chairman Committee/ His education experience history can His work experience history can be
President Commissioner/ be found in the section of the diversity found in the section of the diversity
Independent of the Composition of the Board of of the Composition of the Board of
Commissioner Commissioners. Commissioners.
Agus Dermawan Wintarto Chairman Committee/ His education experience history can His work experience history can be
Martowardojo 2) President Commissioner/ be found in the section of the diversity found in the section of the diversity
Pradjoto 3) Member of committee/Vice His education experience history can His work experience history can be
President Commissioner/ be found in the section of the diversity found in the section of the diversity
Revrisond Baswir 4) Member of committee/ His education experience history can His work experience history can be
Independent be found in the section of the diversity found in the section of the diversity
Commissioner of the Composition of the Board of of the Composition of the Board of
Commissioners. Commissioners.
Pataniari Siahaan 4) Member of committee/ His education experience history can His work experience history can be
Joni Swastanto Member of committee/ His education experience history can His work experience history can be
Commissioner be found in the section of the diversity found in the section of the diversity
of the Composition of the Board of of the Composition of the Board of
Annual Report 2020

Ahmad Fikri Assegaf 4) Member Committee/ His education experience history can His work experience history can be
Sigit Widyawan Member of committee/ His educational history can be seen in the His work experience history can be
Independent section on the diversity of the Composition seen in the section on the diversity
Commissioner of the Board of Commissioners. of the Composition of the Board of
Commissioners.
Askolani 5) Member of committee/ His educational history can be seen in the His work experience history can be
Commissioner section on the diversity of the Composition seen in the section on the diversity
of the Board of Commissioners. of the Composition of the Board of
Commissioners.
Ratih Nudiati 6) Member of committee/ Her educational history can be seen in the His work experience history can be
Commissioners.
Asmawi Syam 7) Member of committee/ His educational history can be seen in the His work experience history can be
Commissioners.
Susyanto 8) Member of committee/ His educational history can be seen in the His work experience history can be
Commissioners.
Iman Sugema 9) Member of committee/ His educational history can be seen in the His work experience history can be
Commissioners.
Septian Hario Seto 9) Member of committee/ His educational history can be seen in the His work experience history can be
Commissioners.
Efita Praharani Member/Head of Human Bachelor’s Degree in Psychology • Regional Head of Consumer Banking
Capital Management Master’s Degree in Administrative - BNI Jakarta Kemayoran Regional
Division Sciences Office.
• Deputy Head of BNI Consumer
Product Management Division.
• Head of Human Capital Management
Division BNI.
Renny Wiriandhani 10) Independent Member Bachelor’s Degree in Psychology • Head of Human Resources for
Master’s Degree in Human Resources Consumer Banking at Standard
management Chartered Bank.
• Head of Human Resources at
PT Bank ICBC Indonesia.
• Head of Human Resources at Permata
Bank.
Danni Tri Suryani 11) Independent Member Bachelor’s Degree in Management • Learning and Knowledge Management
Economy Group Head at PT Bank Niaga (Persero)
Tbk.
Master of Science in Human Resources • Executive Vice President of Human
Capital at Bank Mutiara/J Trust.
• Human Capital Director at Sucorinvest
Securities company.
• Head of Human Capital and Corporate
Secretary of Mandiri Manajemen
Investasi
• Human Capital Advisor in several
financial companies, both banking and
non-banking.
Notes:
1)
Stop serving as Chairman KNR since February 18, 2020 7)
Serving as Member of KNR since July 20, 2020
2)
Serving as Chairman KNR since July 20, 2020 8)
Serving as Member of KNR since August 13, 2020
3)
Serving as Member of KNR since July 20, 2020 9)
Serving as Member of KNR since August 27, 2020
4)
Stop serving as Member of KNR since February 20, 2020 10)
Stop serving as Member of KNR since 18 June 2020
5)
Serving as Member of KNR since January 30, 2020 11)
Serving as Independent Member of KNR since August 10, 2020
6)
Serving as Member of KNR since April 16, 2020
Annual Report 2020

Corporate
Governance
Term of Office of Nomination and Remuneration Committee

1. The term of office for Nomination and Remuneration Committee member who is a Board of Commissioners member is
equal to the period of their appointment as a Commissioner as determined by the General Meeting of Shareholders.
2. Nomination and Remuneration Committee Member who is Board of Commissioners member shall cease if the term of
office as a member of the Board of Commissioners ends.
3. If a Board of Commissioners member appointed as a member of the Nomination and Remuneration Committee resigns
from his/her position as Board of Commissioners member before his/her term of office is completed, then they said
Committee member may be replaced by other member of the Board of Commissioners.
4. If a member of the Board of Commissioners who serves as the Nomination and Remuneration Committee Chairman
resigns from their position as a member of the Board of Commissioners, the Nomination and Remuneration Committee
Chairman shall be replaced by other member from the Independent Board of Commissioners within 30 (thirty) days at
the latest.
5. A replacement of Nomination and Remuneration Committee member who is not from the Board of Commissioners
shall take place no later than 60 (sixty) days after the Nomination and Remuneration Committee member ceases
performing their functions.
6. The term of office for member of Nomination and Remuneration Committee from independent party is 3 (three) years
and this can be extended once for 2 (two) years, so the accumulation tenure in the company is for a maximum of 5
(five) years, but not prejudicing the rights of the Board of Commissioners to discharge any member of the Committee
at any time.
Nomination and Remuneration Committee Independence

Nomination and Remuneration Committee members shall provide fair and balanced assessments on all relevant conditions
and shall not influenced by personal interests or any other parties in conveying their opinions
Independence of the Nomination and Remuneration Committee
No family relationship
No financial with Board of
No management Not serving on
relationship Commissioners, Board
relationship in boards of
with the Board of of Directors and/
Name BNI, subsidiaries No shares in BNI political parties,
Commissioners or fellow members of
or affiliated government
and Board of Nomination and
companies officials
Directors Remuneration
Committee
Ari Kuncoro 1) √ √ √ √ √
Agus Dermawan Wintarto

Martodojo 2)
Pradjoto 3) √ √ √ √ √
Revrisond Baswir 4) √ √ √ √ √
Pataniari Siahaan 4)
√ √ √ √ √
Joni Swastanto √ √ √ √ √
Sigit Widyawan √ √ √ √ √
Ahmad Fikri Assegaf 4) √ √ √ √ √
Askolani 5) √ √ √ √ √
Ratih Nurdiati 6)
√ √ √ √ √
Asmawi Syam 7) √ √ √ √ √
Susyanto 8)
√ √ √ √ √
Iman Sugema 9) √ √ √ √ √
Septian Hario Seto 9) √ √ √ √ √
Renny Wiriandhani 10)
√ √ √ √ √
Annual Report 2020

No financial with Board of
No management Not serving on
relationship Commissioners, Board
relationship in boards of
with the Board of of Directors and/
Name BNI, subsidiaries No shares in BNI political parties,
Commissioners or fellow members of
or affiliated government
and Board of Nomination and
companies officials
Directors Remuneration
Committee
Danni Tri Suryani 11) √ √ √ √ √

Efita Praharani √ √ √ √ √
Notes:
1)
Stop serving as independent Chairman of Nomination and Remuneration Committee since February 18, 2020
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
Duties and Responsibilities of Nomination e. Develop and provide recommendations to the

and Remuneration Committee Board of Commissioners regarding the systems
The Nomination and Remuneration Committee evaluates, and procedures and/or replacement of members
prepares and provides recommendations to the Board of Board of Commissioners and members of
of Commissioners regarding the nomination and Board of Directors to the Board of Commissioners
remuneration system/policy for Commissioners, Directors, to be submitted to the General Meeting of
executive officers and employees in overall. Shareholders.
1. Related to nomination: f. Prepare and provide recommendations to the
a. Provide recommendations to the Board of Board of Commissioners regarding the process of
Commissioners on: managing and implementing talent development
• Composition of members of the Board for the needs of executives of State Owned
of Directors and/or members of Board of Enterprises (Directors and one level below the
Commissioners; Board of Directors).
• Policies and criteria required in the
Nomination process; and 2. Related to remuneration:
• Performance evaluation policy for members a. Evaluate remuneration system/policy based on
of the Board of Directors and/or members of performance, risk, fairness against peer group,
the Board of Commissioners. target, and long term Bank strategy, fulfillment of
b. Assist the Board of Commissioners to assess reserves as regulated in rules and regulations and
the performance of members of the Board future potential of Bank earnings.
of Directors and/or members of the Board of b. Develop and provide recommendations to the
Commissioners based on benchmarks that had Board of Commissioners regarding:
been developed as an evaluation. • Remuneration structure;
c. Provide recommendations to the Board of • Remuneration policy; and
Commissioners regarding the capacity building • Amount of remuneration;
program of members of Board of Directors and/or The structure, policies and amount of
members of Board of Commissioners. remuneration for the Board of Commissioners
d. Provide proposals/recommendations for and Board of Directors are evaluated by the
candidates who qualify as members of the Board Nomination and Remuneration Committee at least
of Directors and/or members of the Board of once a year.
Commissioners to the Board of Commissioners c. Deliver evaluation results and provide
to be submitted to the General Meeting of recommendations to the Board of Commissioners
Shareholders. on:
• Remuneration policy for the Board of
Directors and Board of Commissioners to be
submitted to the GMS.
Annual Report 2020

Corporate
Governance
• Remuneration policy for executive officers • Individual job performance.

and employees overall to be submitted to the • Fairness of peer groups, and
Board of Directors. • Consideration of the Bank’s long-term goals and
d. Ensure that the remuneration policy is in strategies.
compliance with applicable regulations. 6. Before the end of the current financial year,
e. Conduct periodic evaluations of the Nomination and Remuneration Committee shall
implementation of remuneration policies. prepare and submit work plan and annual budget
f. Assist the Board of Commissioners in assessing to the Board of Commissioners to be set, and a
the compatibility between performance and copy of which will be delivered by the Board of
remuneration received for each member of the Commissioners to the Board of Directors. The
Board of Directors and/or members of the Board implementation of Nomination and Remuneration
of Commissioners. Committee work plan and annual budget will be
reported to the Board of Commissioners.
3. Carry out other tasks given by the Board of 7. Nomination and Remuneration Committee
Commissioners related to the nomination and shall prepare and submit reports on their tasks,
remuneration functions. responsibilities and procedures to the Board of
Commissioners.
4. The procedures for duties and functions of Nomination
and Remuneration Committee shall be conducted Nomination and Remuneration Committee
in accordance with FSA Regulations governing Meetings
the Nomination and Remuneration Committees 1. Nomination and Remuneration Committee meetings
of Commercial Banks, FSA Regulations governing shall be held in accordance with the needs of the
the Nomination and Remuneration Committee of Company, at least four (4) times a year.
Issuers or public company as well as FSA Regulations 2. Nomination and Remuneration Committee meetings
governing governance in applicable remuneration for may only be held if attended by a majority of
commercial banks. members, with the majority there of being the
Chairman and 1 (one) Executive Officer in charge
Nomination and Remuneration Committee of Human Resources, or the party occupying a
Rights and Obligations managerial position under the Board of Directors in
1. Based on a written assignment from the Board of charge of Human Resources.
Commissioners, Nomination and Remuneration 3. The meetings shall be chaired by the Chairman, and
Committee may access the records or information if he/she is unable to attend the meeting, it shall be
about employees, funds, assets, and other resources chaired by a senior committee member appointed/
owned by the company relating to the performance agreed upon in the meeting.
of its duties. The Committee shall report in writing 4. Decision making of the meetings shall be conducted
the result of the assignment to the Board of based on consensus agreement. In the absence of
Commissioners. consensus, decision shall be made on the basis of
2. To carry out its duties, Nomination and Remuneration majority vote with the principle of 1 (one) person 1
Committee shall cooperate with the Human Capital (one) vote.
Division and other relevant Divisions. 5. If the result of voting is a tie, then the decision shall be
3. Nomination and Remuneration Committee, with the made on the basis of a majority vote with the principle
approval of the Board of Commissioners, reserves the of 1 (one) person 1 (one) vote, excluding the votes
right to appoint a third party (person or entity) to assist from the Executive Officer of Human Resources, or
their duties. the party occupying a managerial position under the
4. Members of the Nomination and Remuneration Board of Directors in charge of Human Resources.
Committee shall perform their duties properly and 6. The result of meeting will be recorded in the minutes
maintain the confidentiality of all documents, data and of meeting signed by all members of the Committee
company information from both internal and external and properly documented.
parties and use them only for the benefit of the 7. Any dissenting opinions that occurred in the meeting
Committee’s duties. shall be clearly detailed in the minutes of meeting.
5. The Nomination and Remuneration Committee, 8. The minutes of meeting, as referred to in item 6
related to the remuneration policy, shall take into above, shall be submitted in writing by Nomination
account at least: and Remuneration Committee to the Board of
• Financial performance and reserves as set forth in Commissioners.
the applicable legislation.
Annual Report 2020

9. Members attendance at meetings will be reported in the quarterly report and the annual report of the Nomination and
Remuneration Committee.
Nomination and Remuneration Committee Meeting Agenda
During 2020 the KNR has conducted 23 (twenty three) meetings with the following explanation table:
Meeting Agenda of Committee Nomination and Remuneration Committee
No. Meeting Date Meeting Agenda Meeting Participant
1. January 23, 2020 Reviewing the Proposal of Review of Policies related to Allowances, Facilities • Ari Kuncoro 1)
and Official Travel of Members of the Board of Commissioners and Directors • Revrisond Baswir 2)
• Pataniari Siahaan 2)
• Joni Swastanto
• Ahmad Fikri Assegaf 2)
• Sigit Widyawan
2. January 27, 2020 BNI Talent Interview (1) • Ari Kuncoro 1)
• Revrisond Baswir 2)
• Joni Swastanto
• Sigit Widyawan
• Reny Wiriandhani 3)
3. January 30, 2020 BNI Talent Interview (2) • Ari Kuncoro 1)
• Revrisond Baswir 2)
• Joni Swastanto
• Sigit Widyawan
• Askolani 4)
4. February 13, 2020 Independent Consultant Presentation regarding Remuneration of Directors in • Revrisond Baswir 2)
2020 and Tantiem in 2019 • Pataniari Siahaan 2)
• Joni Swastanto
• Sigit Widyawan
• Askolani 4)
• Efita Praharani
5. February 20, 2020 1. Appointment of the Chairman of the Nomination and Remuneration • Revrisond Baswir 2)
Committee Meeting for the Annual General Meeting of Shareholders of PT • Pataniari Siahaan 2)
Bank Negara Indonesia (Persero) Tbk • Joni Swastanto
2. Granting a mandate to one of the KNR Members from the Independent • Ahmad Fikri Assegaf 2)
Commissioner to Discuss the Proposals of the Dwiwarna Series A • Sigit Widyawan
Shareholder regarding Changes in the Management of the Company in the • Askolani 4)
context of the Annual GMS of PT Bank Negara Indonesia (Persero) Tbk • Reny Wiriandhani 3)
3. Changes in the management of the company in the framework of the • Efita Praharani
Annual GMS of PT Bank Negara Indonesia (Persero) Tbk
6. April 16, 2020 Board of Directors Organizational Structuring (Board of Directors Assignment) • Agus Dermawan Wintarto
Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Ratih Nurdiati 7)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Septian Hario Seto 10)
• Efita Praharani
Annual Report 2020

Corporate
Governance
7. April 23, 2020 Approval of Additional Talent Committee Functions in the Nomination and • Agus Dermawan Wintarto
Remuneration Committee Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Efita Praharani
8. 27 April 2020 Presentation of the BOD Technical Committee regarding Talent BOD • Agus Dermawan Wintarto
Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Efita Praharani
9. April 30, 2020 Discussion on the Nomination and Remuneration Committee Report regarding • Agus Dermawan Wintarto
BNI Talent & Succession Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Reny Wiriandhani
10. June 18, 2020 Discussion on the Distribution of THR for the Board of Directors and the Board • Agus Dermawan Wintarto
of Commissioners of BNI in 2020 Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Efita Praharani
11. June 25, 2020 Submission of Recommendations on the Application for Approval of • Pradjoto 6)
Appointment of Management of BNI Subsidiaries • Sigit Widyawan
• Joni Swastanto
• Asmawi Syam 8)
• Iman Sugema 10)
• Reny Wiriandhani
12. July 2, 2020 Discussion on the Letter of the Minister of BUMN regarding 2020 Salaries and • Agus Dermawan Wintarto
2019 Tantiem Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
Annual Report 2020

13. July 9, 2020 1. Evaluation of BNI’s Human Capital Function • Agus Dermawan Wintarto
2. Evaluation of the Implementation of BNI’s Remuneration Policy Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Iman Sugema 10)
14. August 19, 2020 1. Mechanism for Evaluating the Performance and Competence of the Board • Agus Dermawan Wintarto
of Directors Martowardojo 5)
2. Interview with the Board of Directors • Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Danni Tri Suryani 11)
15. 21 August 2020 1. Interview with the Board of Directors • Agus Dermawan Wintarto
2. Discussion on the Evaluation Results of the Individual Performance of the Martowardojo 5)
Board of Directors • Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
16. August 27, 2020 1. Adjustment of Organization and Number of Directors according to SOE • Agus Dermawan Wintarto
Class Martowardojo 5)
2. Appointment of Chairman of the GMS and Alternative • Pradjoto 6)
3. Planned Attendance at EO GMS 2020 • Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
17. September 2, 2020 Discussion on the Proposal of Series A Dwiwarna Shareholders regarding • Agus Dermawan Wintarto
changes in the management of the Company in the context of the Martowardojo 5)
Extraordinary General Meeting of Shareholders of PT Bank Negara Indonesia • Pradjoto 6)
(Persero) Tbk • Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Danni Tri Suryani1 1)
18. September 3, 2020 Proposal to fill in Commissioner for BNI subsidiaries • Agus Dermawan Wintarto
Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
Annual Report 2020

Corporate
Governance
19. September 17, 2020 Self-Assessment of Candidates for Directors as Completion of Submission of • Agus Dermawan Wintarto
Fit and Proper Test Applications to the Financial Services Authority Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
• Danni Tri Suryani1 1)
20. October 1, 2020 1. Discussion on the Proposal for the Organizational Structuring of the BNI • Agus Dermawan Wintarto
Directors (Assignment of Directors) Martowardojo 5)
2. Self-Assessment for Fit and Proper Test for BNI management candidates • Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
21. November 12, 2020 Recruitment of Independent Member of the Committees under the Board of • Agus Dermawan Wintarto
Commissioners Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Asmawi Syam 8)
• Iman Sugema 10)
• Efita Praharani
22. November 19, 2020 Proposal for a Review on the Board of Directors Service Vehicle Facility Policy • Agus Dermawan Wintarto
Martowardojo 5)
• Pradjoto 6)
• Sigit Widyawan
• Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Susyanto 9)
• Iman Sugema 10)
23. December3, 2020 1. Presentation of the Board of Directors on Human Capital Management • Agus Dermawan Wintarto
Effectiveness Martowardojo 5)
2. Proposal and Progress of Appointment of Independent Consultants related • Pradjoto 6)
to the Remuneration of the Board of Commissioners and Directors • Sigit Widyawan
3. Determination of LTI Payment for the 2019 Financial Year • Joni Swastanto
• Askolani 4)
• Asmawi Syam 8)
• Iman Sugema 10)
Notes:
1)
Stop serving as Independent Chairman of Nomination and Remuneration Committee since February 18, 2020
2)
3)
Stop serving as Member of Nomination and Remuneration Committee since June 18, 2020
4)
5)
6)
7)
8)
9)
10)
11)
Annual Report 2020

Frequency and Attendance Level of The Nomination and Remuneration Committee

Meeting
The frequency and attendance level of the Nomination and Remuneration Committee meetings can be seen in the table
below:
Attendance Level of the Nomination and Remuneration Committee Meeting

Name Position Number of Meeting Attendance Percentage (%)
Ari Kuncoro 1) Chairman/President 5 3 60

Commissioner/Independent
Commissioner
Agus Dermawan Wintarto Chairman/President 12 12 100
Martowardojo 2) Commissioner/Independent
Commissioner
Pradjoto 3) Member/Deputy Chairman 12 11 91.66
Committee/President
Commissioner/Independent
Commissioner
Revrisond Baswir 4) Member/Independent 5 5 100
Commissioner
Pataniari Siahaan 4) Member/Independent 5 5 100
Commissioner
Joni Swastanto Member/Commissioner 23 23 100
Sigit Widyawan Member/Independent 23 23 100
Commissioner
Ahmad Fikri Assegaf 4) Member/Independent 5 5 100
Commissioner
Askolani 5) Member/Commissioner 21 19 90,47
Ratih Nurdiati 6)
Member/Commissioner 18 16 88,88
Asmawi Syam 7) Member/Independent 12 12 100
Commissioner
Susyanto 8) Member/Commissioner 8 6 75
Iman Sugema 9)
Member/Independent 8 8 100
Commissioner
Septian Hario Seto 9) Member/Independent 8 6 75
Commissioner
Reny Wiriandhany 10) Independent Member 14 13 92,85
Danni Tri Suryani 11) Independent Member 10 10 100
Efita Praharani Member/Head of Human 23 11 47,82
Capital Management
Division
Notes:
1)
Stop serving as Chairman of Nomination and Remuneration Committee since February 18, 2020
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
Annual Report 2020

Corporate
Governance
Brief Report on the Implementation of the i. Evaluate the development of Human Resources
Nomination and Remuneration Committee according to the Corporate Plan
Activities in 2020 j. Evaluate the transfer and promotions system and
During 2020, the Nomination and Remuneration employee sanctions
Committee (KNR) Committee carried out all pro-grams/ k. Evaluate the talent management system
Work Plans set at the beginning of 2020 in order to 2. Implementation of remuneration duties
assist the implementation of the duties of the Board of a. Evaluate remuneration policies for members
Commissioners. The mechanism of implementing KNR of the Board of Directors and Board of
activities/tasks is carried out through: Commissioners, executive officials and
• Implementation of KNR Meeting employees overall.
• Study/evaluation/review outside the meeting forum b. Review of Board of Directors and Board of
Commissioners remuneration 2020 and tantiem
The results of the KNR Meeting and monitoring, review/ 2019
evaluation/review of the KNR are submitted to the Board c. Evaluate and provide recommendation on
of Commissioners as reports and recommendations both remuneration structure, policy and number for
in writing and in the Board of Commissioners’ Meeting members of the Board of Directors and Board
forum. of Commissioners to be submitted to the GMS
through Series A Dwiwarna Shares including
The implementation of KNR activities in general covers the a review on Board of Directors remuneration
following matters: recommendation related to Long Term Incentive
1. Implementation of nomination duties al-location.
a. Conduct a review of internal candidates for d. Ensure that employee remuneration policy
BNI managers and providing suggestions/ is in accordance with applicable provision by
recommendations on BNI management periodically evaluating the implementation of
candidates that meet the requirements to be employee remuneration policy.
proposed in the BNI GMS through the Series A
Dwiwarna Shareholder. Board of Directors Succession Policy
b. Conduct a review of complete requirements of To prepare for future leadership regeneration, the
BNI management candidates for fit and proper Company’s internal programs have been harmonized with
test to the Financial Services Authority. SOE Ministry Regulation No. PER-03/MBU/02/2015 dated
c. Conducting a review of candidates for BNI February 17, 2015 regarding Requirements, Procedure for
subsidiary company management that will be Appointment and Termination of Directors of SOEs. In this
pro-posed to the Series A Dwiwarna Shareholders program potential employees who enter the Talent Pool
(Ministry of SOE). will have the opportunity to attend a training or activities
d. Provide recommendations on the Capacity related to the field of management, business strategy,
Building Program for members of the Board of strategic planning, risk analysis and business potential,
Directors and the Board of Commissioners. analysis of operational and financial performance as well as
e. Provide recommendations on Nomination System a variety of other similar programs.
of Members of the Board of Directors and Board
of Commissioners. With this program, if the Company requires leadership
f. Evaluate and provide recommendations on replacements, the Company will apply for internal
proposed candidates for Risk Monitoring candidates from the program participants, facilitated by the
Committee members from independent parties to Board of Commissioners, after considering the Nomination
the Board of Commissioners and Remuneration Committee recommendations.
g. Assess the performance of members of the Furthermore, the results of the internal candidate selection
Board of Directors and Board of Commissioners. will be submitted to the Ministry of SOE to conduct a fit
h. Reviewing the overall HR management and proper test.
nomination system or Human Capital Architecture
(HCA)
Annual Report 2020

Development of Nomination and Remuneration Committee

Throughout 2020, the Company’s Nomination and Remuneration Committee members have participated in various
competency improvement programs in the form of training, workshops, conferences, seminars, as the following table:
Name Position Competency Development/Training Materials
Agus Dermawan Chairman/President Competency/Training Development Materials, Time and Place of Implementation, and
Wintarto Martowardojo Commissioner/Independent Types of Training and Providers can be found in the Competency Development section
Commissioner of the Board of Commissioners.
Pradjoto Chairman/Vice President Competency/Training Development Materials, Time and Place of Implementation, and
Commissioner/Independent Types of Training and Providers can be found in the Competency Development section
Commissioner of the Board of Commissioners.
Joni Swastanto Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation, and
Types of Training and Providers can be found in the Competency Development section
Sigit Widyawan Member/Independent Competency/Training Development Materials, Time and Place of Implementation, and
Commissioner Types of Training and Providers can be found in the Competency Development section
Askolani Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation, and
Ratih Nurdiati Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation, and
Asmawi Syam Member/Independent Competency/Training Development Materials, Time and Place of Implementation, and
Susyanto Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation, and
Iman Sugema Member/Independent Competency/Training Development Materials, Time and Place of Implementation, and
Septian Hario Seto Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation, and
RISK MONITORING COMMITTEE REPORT
The Risk Monitoring Committee is a committee established by and responsible to the Board of Commissioners in order to
support the implementation of the duties and responsibilities of the Board of Commissioners relating to the implementation
of Risk Management in the Bank and the application of the principles of Good Corporate Governance.
Legal Basis of Establishment

BNI’s Risk Monitoring Committee was formed in 2004 based on the Board of Commissioners Decree No. Kep/002/DK/2004
dated March 1, 2004 regarding the Establishment of Risk Monitoring and Compliance Committee. BNI established the Risk
Monitoring Committee and carry out their duties according to regulations, as follows:
1. Ministry of State-Owned Enterprises Regulation PER-12/MBU/2012 dated August 24, 2012 regarding Board of
Commissioners/Supervisory Board Supporting Organs of State-Owned Enterprises (SOEs).
2. Financial Services Authority Regulation No. 33/POJK.04/2014 dated December 8, 2014 regarding Board of Directors
and Board of Commissioners of Issuers or Public Companies.
3. Financial Services Authority Regulation No. 55/POJK.03/2016 dated December 7, 2016 regarding Implementation of
Good Corporate Governance for Commercial Banks.
4. Financial Services Authority Circular Letter No. 13/SEOJK.03/2017 dated March 17, 2017 regarding Implementation of
Good Corporate Governance for Commercial Banks.
Annual Report 2020

Corporate
Governance
Risk Monitoring Committee Charter 7. Risk Monitoring Committee Chairman may only
BNI has Risk Monitoring Charter which continuously concurrently hold 1 (one) other Committee Chairman
refined and updated is in accordance with developments/ position at BNI.
amendments in applicable laws as well as current 8. Former member of BNI Board of Directors and former
condition. The latest renewal/revision of BNI Risk executive officer or party with links to BNI that may
Monitoring Committee Charter was carried out in 2017, as affect the ability to act independently, who may
stipulated in the Board of Commissioners Decree Number become an independent member of Risk Monitoring
KEP/028/DK/2017 dated May 18, 2017 on “Risk Monitoring Committee, shall be subject to a 6 (six) month long
Committee Charter.” cooling off period. The cooling off provision shall not
apply to former member of Board of Directors and
The Risk Monitoring Committee Charter includes: former BNI executive officer whose duties are only
1. Basis of formation and implementation of Risk to perform supervisory function for at least 6 (six)
Monitoring Committee tasks; months. The term “cooling off” refers to the cooling
2. Goals and objectives of Risk Monitoring Committee; off period as stipulated in FSA Regulations and Circular
3. Structure and membership of Risk Monitoring on the Implementation of Governance for Commercial
Committee; Banks.
4. Requirements of member of Risk Monitoring 9. Member of Risk Monitoring Committee from
Committee; independent party may not concurrently hold positions
5. Duties of Risk Monitoring Committee; as:
6. Authority of Risk Monitoring Committee; a. Member of the Board of Commissioners/
7. Rights and obligations of Risk Monitoring Committee; Supervisory Board of SOE/other companies;
8. Meetings of Risk Monitoring Committee; b. Secretary/Secretariat staff to the Board of
9. Term of office of Risk Monitoring Committee. Commissioners/Supervisory Board of SOEs/other
companies.
Risk Monitoring Committee Structure and 10. Board of Directors shall appoint and dismiss of
Membership member of Risk Monitoring Committee from
1. Risk Monitoring Committee is established by decision independent party based on Board of Commissioners
at Board of Commissioners’ meeting and in a Board of decision and Board of Commissioners’ Decree.
Commissioners’ Decree. 11. Risk Monitoring Committee Chairman shall have the
2. Risk Monitoring Committee is under the coordination right to propose the replacement of Risk Monitoring
of the Board of Commissioners and is directly Committee member to Board of Commissioners if one
responsible to the Board of Commissioners. of the members of the Risk Monitoring Committee
3. Appointment of Risk Monitoring Committee Members ends their term, resigns or is dismissed.
shall be conducted by Board of Directors based on 12. Risk Monitoring Committee member is prohibited
decision at Board of Commissioners’ Meeting. from being member of BNI’s Board of Directors or
4. Risk Monitoring Committee shall at least consist of: other banks.
a. 1 (one) Independent Commissioner as concur-rent 13. Risk Monitoring Committee shall work collectively
as chairman in performing its duties to assist Board of
b. 1 (one) person from an independent party with Commissioners.
expertise in risk management. 14. Risk Monitoring Committee shall be independent
c. 1 (one) person from an independent party with both in the execution of its duties and reporting, and
expertise in finance. directly responsible to Board of Commissioners.
5. Independent Commissioners and independent parties 15. In performing daily tasks, the Committee shall
who are members of Risk Monitoring Committee shall be assisted by external staff or secretary to the
at least make up 51% (fifty one percent) of the total Committee. The staff or secretary shall be appointed
members of Risk Monitoring Committee. on the basis of decision of Board of Commissioners
6. Risk Monitoring Committee Chairman is an In- Meeting and Board of Commissioners’ Decree.
dependent Commissioner concurrent as member as
stipulated in the decision of Board of Commissioners’
meeting and in a Board of Commissioners Decree.
Annual Report 2020

In 2020, the structure and membership of Risk Monitoring Committee was amended several times as explained in the
tables below:

1. Revrisond Baswir 1) Chairman Independent Commissioner • Economy

• Accounting
3. Sigit Widyawan Member/Commissioner Independent Commissioner • Economy
4. Irwan Rinaldi Member Independent Party • Banking
• Risk Management
5. Shahjehan Jimmy Azis Member Independent Party • Banking
• Risk Management
Notes:
1)
Stop serving as Chairman of Risk Monitoring Committee since February 20, 2020
Period February 20, 2020 - March 10, 2020


2. Sigit Widyawan 1) Member Commissioner • Economy
• Risk Management
• Risk Management
Notes:
1)
Stop serving as Member of KPR Since March 10, 2020
Period March 10, 2020 - July 20, 2020


2. Askolani 1) Member Commissioner Economy
• Risk Management
• Risk Management
Notes:
1)
Serving as Member of Risk Monitoring Committee since March 10, 2020
Period July 20, 2020 - August 16, 2020

1. Pradjoto 1) Chairman Independent Commissioner • Law

• Economy
4. Irwan Rinaldi 2) Member Independent Party • Banking
• Risk Management
• Risk Management
Notes:
1)
Serving as Chairman of Risk Monitoring Committee since July 20, 2020
2)
Stop serving as Independent Member of Risk Monitoring Committee since August 16, 2020
Annual Report 2020

Corporate
Governance
Period August 16, 2020 - September 8, 2020

1. Pradjoto Chairman Independent Commissioner • Law

• Economy
3. Askolani 1)
Member Commissioner Economy
• Risk Management
Notes:
1)
Stop serving as Independent Member of Risk Monitoring Committee since September 8, 2020
Period September 8, 2020 - 30 September 2020


• Economy
3. Ratih Nurdiati 1) Member Commissioner Law
4. Septian Hario Seto 1) Member Independent Commissioner • Accounting
• Finance
• Risk Management
Notes:
1)
Serving as Member of Risk Monitoring Committee since September 8, 2020
2)
Stop serving as Member of Risk Monitoring Committee since 30 September 2020
Period September 30, 2020 - December 31, 2020


• Economy
4. Septian Hario Seto Member Independent Commissioner • Accounting
• Finance
Risk Monitoring Committee Profile Pradjoto 2)

Chairman of Risk Monitoring Committee
The brief profiles of the Chair and Members of the Risk
Monitoring Committee as of December 31, 2020 are as
follows:
The brief profiles of the Chair and Members of the Risk of Commissioners
Monitoring Committee as of December 31, 2019 are as
follows:
Members of The Risk Monitoring Committee
Head of The Risk Monitoring Committee
Joni Swastanto
Member of Risk Monitoring Committee
Revrisond Baswir 1)
Chairman of Risk Monitoring Committee

of Commissioners
Annual Report 2020

Sigit Widyawan 3) Shahjehan Jimmy Azis 7)

Member of Risk Monitoring Committee Member of Risk Monitoring Committee
Profiles can be found in the Profile of the Board Indonesian citizen, domiciled in Jakarta. born on June
of Commissioners 29, 1960. He is currently 59 years old. Appointed as a
Member of the Company’s Risk Monitoring Committee
since October 2019 based on the Decree of the Board of
Askolani 4) Commissioners No. Kep/012/DK/2019 dated September
Member of Risk Monitoring Committee 26, 2019
He obtained his Bachelor of Economics degree in

Profiles can be found in the Profile of the Board Management from Sriwijaya & Tridinanti University in 1989
of Commissioners and obtained his Master of Management in Agribusiness
from the Bogor Agriculture Institute in 2000. He served as
Vice President of Medan Central Credit Center Leader PT
Ratih Nurdiati 5) Bank Negara Indonesia (Persero) Tbk ( 2008-2009), Deputy
Member of Risk Monitoring Committee
General Manager of the Corporate Remedial & Recovery
Division of PT Bank Negara Indonesia (Persero) Tbk
2010-2012), Deputy General Manager of the Procurement
Profiles can be found in the Profile of the Board & Fixed Assets Division of PT Bank Negara Indonesia
of Commissioners (Persero) Tbk (2013-2014), and Deputy General Manager
of the Corporate Remedial & Recovery Division of PT Bank
Negara Indonesia (Persero) Tbk (2015). Since 2012 he has
Septian Hario Seto 5)
Member of Risk Monitoring Committee been active as a Risk Management Certification Assessor
at the Banking Professional Certification Institute (LSPP),
General Banking Certification Assessor for the Indonesian
Profiles can be found in the Profile of the Board Banking Development Institute (LPPI), as a Lecturer in
of Commissioners Credit at BNI Corporate University and other banks.
Notes:
Irwan Rinaldi 6) 1)
Stop serving as Chairman of Risk Monitoring Committee since February 20,
2020
Member of Risk Monitoring Committee 2)
3)
Stop serving as member of Risk Monitoring Committee since March 10, 2020
4)
Serving as member of Risk Monitoring Committee since March 10, 2020 and
stopped serving as member of Risk Monitoring Committee since on September
8, 2020
Indonesian citizen, domiciled in Jakarta. Born on July 6, 5)
Serving as a member of Risk Monitoring Committee since September 8, 2020
6)
Stop serving as an independent member of Risk Monitoring Committee on
1960. Currently 57 years old. Appointed as a Member August 16, 2020
of the Company’s Risk Monitoring Committee since 7)
Stop serving as independent member of Risk Monitoring Committee since
September 30, 2020
August 2016 based on the Resolution of the Board of
Commissioners No. KEP/026/DK/2016 Date August 16,
2016.
Obtained a Bachelor of Economy degree in accounting

from Andalas University in 1985 and obtained a Master’s
Degree in Management from the Bogor Agricultural
Institute in 1999. Serving as Head of the Management and
Financial Accounting Division of PT Bank Rakyat Indonesia
(Persero) Tbk (2006-2013), Head of Risk Management
Division of PT Bank Rakyat Indonesia (Persero) Tbk
(2013-2016) and providing various trainings, including
the Indonesian Audit Committee Association (2015), the
Regional Development Bank Association/Asbanda (2015),
BARa Risk Forum (2016), the Banking Development
Institute Indonesia (LPPI) (2017).
Annual Report 2020

Corporate
Governance
Risk Monitoring Committee Membership 3. Independence Requirements

Requirements Independent members of the Risk Oversight
1. General Requirements Committee:
a. Have good integrity, character and morals as well a. Is a party outside BNI who has no financial,
as sufficient work experience related to the duties management, share ownership and/or family
of other committees. relationship with the Board of Commissioners,
b. Has no personal interest/relationship that could Directors and/or Dwiwarna Series A shareholder
have a negative impact and conflict of interest on or a relationship with a bank that may affect their
BNI. ability to act independently, based on laws and
regulations applicable.
2. Competency Requirements b. Has no direct or indirect business relationship
a. Have sufficient expertise, ability, knowledge and with BNI’s business activities.
experience in the fields of economics, finance c. In the last 1 (one) year before being appointed
and banking or risk management in accordance as a member of the Risk Monitoring Committee,
with the requirements stipulated by the Financial he was not a person in the Public Accounting
Services Authority Regulation which regulates the Firm or a consultant providing audit services, risk
requirements for members of the Risk Monitoring management services and/or non-audit consulting
Committee. services to BNI.
b. Able to work together and have the ability to d. Not a party that comes from company employees.
communicate well and effectively and provide
sufficient time to carry out their duties.
c. Have sufficient knowledge and understanding of Education Qualifications and Work
banking, capital market, BUMN and other laws Experience of The Risk Monitoring
and regulations, particularly those related to BNI Committee
operational activities, implementation of Good The educational qualifications and work experience of the
Corporate Governance and risk management. chairman and members of the Risk Oversight Committee
as of the end of December 31, 2020, are as follows:
Revrisond Baswir 1) Chairman Committee/ His educational history can be found in the His work experience history can be
Independent Commissioner section on the diversity of the Composition found in the section on the diversity
Commissioners.
Pradjoto 2) Chairman Committee/Vice His educational history can be found in the His work experience history can be
President Commissioner/ section on the diversity of the Composition found in the section on the diversity
Independent Commissioner of the Board of Commissioners. of the Composition of the Board of
Commissioners.
Joni Swastanto Member/Commissioner His educational history can be found in the His work experience history can be
section on the diversity of the Composition found in the section on the diversity
Commissioners.
Sigit Widyawan 3) Member/Independent His educational history can be found in the His work experience history can be
Commissioner section on the diversity of the Composition found in the section on the diversity
Commissioners.
Askolani 4) Member/Commissioner His educational history can be found in the His work experience history can be
Commissioners.
Ratih Nurdiati 5) Member/Commissioner Her educational history can be found in the Her work experience history can be
Commissioners.
Septian Hario Seto 5) Member/Independent His educational history can be found in the His work experience history can be
Commissioner section on the diversity of the Composition found in the section on the diversity
Commissioners.
Annual Report 2020

Irwan Rinaldi 6) Independent Member • Bachelor’s Degree in Accounting • Head of BRI’s Management and
• Master’s Degree in Management Financial Accounting Division.
• Head of the BNI Risk Management
Division.
Shahjehan Jimmy Azis 7) Independent Member Bachelor’s Degree in Economy • Deputy General Manager of BNI’s
Corporate Remedial & Recovery
Division
• Deputy General Manager of the BNI
Procurement & Fixed Assets Division
Notes:
1)
2)
3)
Stop serving as Member of Risk Monitoring Committee since March 10, 2020
4)
Serving as Member of Risk Monitoring Committee since March 10, 2020 and Stop serving as Member of Risk Monitoring Committee on September 8, 2020
5)
6)
7)
Stop serving as Independent Member of Risk Monitoring Committee since September30, 2020
Term of Office of Risk Monitoring Committee

• Members of the Risk Monitoring Committee who are members of the Board of Commissioners have terms of service
as committee members the same as their term of office as members of the Board of Commissioners determined by
the GMS.
• Members of the Risk Monitoring Committee who are members of the Board of Commissioners will automatically
terminate as committee members if their term of office as Members of the Board of Commissioners ends.
• If a member of the Board of Commissioners who becomes the Chairperson of the Risk Monitoring Committee
quits before his term of office as a member of the Board of Commissioners ends, the position of Chair of the Risk
Monitoring Committee is replaced by other Independent Commissioners.
• The term of office of members of the Risk Monitoring Committee originating from independent parties is a maximum
of 3 (three) years and can be extended once for 2 (two) years of service so that the total tenure of members of
the Risk Monitoring Committee to the company is only 5 (five). years without prejudice to the right of the Board of
Commissioners to dismiss the Committee members concerned at any time.
• The Board of Commissioners, by taking into account the proposal of the Chairperson of the Risk Monitoring
Committee, may dismiss any member of the Risk Monitoring Committee from an independent party if the member
is deemed not to carry out his duties and obligations as a committee member as stipulated in the Decree on
appointment/appointment of the relevant committee members and/or a Work Agreement between the committee
members concerned and BNI, and based on applicable regulations.
• In the event that a member of the Board of Commissioners who serves as Chair of the Risk Monitoring Committee
ceases to be a member of the Board of Commissioners, the Chairperson of the Committee concerned must be
replaced by another member of the Board of Commissioners no later than 30 (thirty) days.
Risk Monitoring Committee Independence

All members of Risk Monitoring Committee shall be independent from financial, management, share ownership and/or
family relationships from Board of Commissioners, Board of Directors and/or controlling shareholder or any relationships
with the Bank, which may affect their ability to act independently.
No financial
No management with Board of Not serving on
relationship
relationship in Commissioners, Board boards of
with Board of
Name BNI, subsidiaries No shares in BNI of Directors and/or political parties,
Commissioners
or affiliated fellow members of government
and Board of
companies Risk Monitoring officials
Directors
Committee
Revrisond Baswir 1) √ √ √ √ √
Pradjoto 2) √ √ √ √ √
Joni Swastanto √ √ √ √ √
Sigit Widyawan 3)
√ √ √ √ √
Askolani 4) √ √ √ √ √
Ratih Nurdiati 5) √ √ √ √ √
Annual Report 2020

Corporate
Governance
No financial
No management with Board of Not serving on
relationship
relationship in Commissioners, Board boards of
with Board of
Name BNI, subsidiaries No shares in BNI of Directors and/or political parties,
Commissioners
or affiliated fellow members of government
and Board of
companies Risk Monitoring officials
Directors
Committee
Septian Hario Seto 5) √ √ √ √ √

Irwan Rinaldi 6) √ √ √ √ √
Shahjehan Jimmy Azis 7) √ √ √ √ √
Notes:
1)
2)
3)
4)
Serving as Member of Risk Monitoring Committee since March 10, 2020 and Stop serving as Member of Risk Monitoring Committee on September 8, 2020
5)
6)
7)
Risk Monitoring Committee Duties b. Monitoring the work unit work plan integrated
The Risk Monitoring Committee duties covers: risk management and duties integrated risk
management committee.
1. Evaluate the suitability of risk management policies c. Providing recommendations to the Board of
and the implementation of Bank policies, which Commissioners to enhance the effectiveness
include: of risk management implementation at BNI,
a. Evaluating the conformity between the bank’s risk including the implementation of integrated risk
management policy with the implementation of management in the subsidiaries.
other policies, including credit risk, market risk, d. To provide evaluation result on risk-related
liquidity risk, operational risk, strategic risk, legal regulator assessment to the Board of
risk, compliance risk, and reputation risk. Commissioners.
b. Evaluating the conformity between the integrated 3. Carrying out other certain tasks related to the function
risk management policy with the implementation and scope of Risk Monitoring Committee assigned by
of other policies, consisting of the 8 (eight) in the Board of Commissioners.
point 1.a above, as well as insurance risk and the
risk of intra-group transactions. Risk Monitoring Committee Authorities
c. Providing recommendations to the Board 1. Based on written assignment from the Board of
of Commissioners on the suitability of risk Commissioners, Risk Monitoring Committee can
management and integrated risk management access records or information about employees,
policies to ensure that BNI has adequately funds, assets and other resources owned by BNI
managed risks. relevant to the performance of its duties. The
d. Exploring and gives an opinion to the Board of Committee shall report in writing the result of the
Commissioners over public policy on the other assignment to the Board of Commissioners.
credit along with the policies that is required 2. Risk Monitoring Committee is authorized to conduct
by a regulator that delivered member Board of testing and perform inspections of BNI branches/
Directors to obtained approval from the Board of representatives/regions and business units, if
Commissioners. necessary.
2. Monitor and evaluate the implementation of 3. Members of Risk Monitoring Committee shall be
duties of the Risk Management Committee and authorized to communicate directly with parties
risk management work unit, in order to provide related to Risk Monitoring Committee duties, including
recommendations to the Board of Commissioners, communicating matters related to financial and
among others: management information.
a. Monitoring the implementation of Risk
Management Work Unit work plan and the Risk
Management Committee duties.
Annual Report 2020

4. To carry out its duties, Risk Monitoring Committee 9. Committee members from independent parties must
in cooperation with Risk Management Committee, attend the Company’s working days and hours under
Integrated Risk Management Committee, Risk the following conditions:
Management Work Unit and relevant work units. a. At least 1 (one) day in one week according to the
day and attendance schedule determined by the
Rights and Obligations of the Risk Board of Commissioners and/or Committee Chair,
Monitoring Committee among others, to attend the Committee Meetings
1. Members of the Risk Monitoring Committee must and carry out other duties according to assigned
carry out their duties properly by referring to the Risk duties and obligations; as well as
Monitoring Committee Charter. b. If necessary, at the request of the Board of
2. Members of the Risk Monitoring Committee from Commissioners and/or Committee Chair,
independent parties have the right to receive Committee members from independent
honorarium from BNI, in which the amount is parties must attend the Company or at Board
determined by the Board of Commissioners based on of Commissioners’ Meetings or Committee
the applicable laws and regulations. Meetings, or at activities that must be attended
3. Members of the Risk Monitoring Committee must by the Board of Commissioners in accordance
maintain the confidentiality of all documents, data, with the requirements outside the day and routine
information, and everything related to the duty attendance schedule.
implementation of the Risk Monitoring Committee. 10. In order to avoid overlapping duty implementation
4. Before the current fiscal year, the Risk Monitoring among the Committees under the Board of
Committee must prepare and submit the Annual Work Commissioners and cooperation in the duty
Plan and Budget to the Board of Commissioners for implementation, the Risk Monitoring Committee must
determination, in which copies of it is submitted by coordinate with other Committees under the Board of
the Board of Commissioners to the Board of Directors Commissioners.
for information. Implementation of the Annual Work
Plan and Budget of the Risk Monitoring Committee is Risk Monitoring Committee Meetings
reported to the Board of Commissioners. 1. Risk Monitoring Committee shall meet at least 1 (one)
5. Members of the Risk Monitoring Committee must time in 1 (one) month.
prepare and submit the report to the Board of 2. Risk Monitoring Committee Meetings shall only be
Commissioners, which is signed by Committee Chair conducted if attended by at least 51% (fifty one
and Committee Members as follows: percent) of the total number of members including an
a. Report on each duty implementation is Independent Commissioner and Independent Party
accompanied by recommendations if deemed members.
necessary. 3. Risk Monitoring Committee meeting shall be led by
b. Quarterly report and annual report. Risk Monitoring Committee Chairman or most senior
6. Every year, the Committee through the Board of Risk Monitoring Committee Member, if absent.
Commissioners reports to the General Meeting of 4. If deemed necessary, Risk Monitoring Committee may
Shareholders on the responsibilities and achievements invite other parties related to the meeting to attend
as well as other information that needs to be Risk Monitoring Committee Meeting.
delivered. 5. Committee meetings decisions shall be made on the
7. Members of the Risk Monitoring Committee are basis of consensus.
prohibited from accepting gifts or gifts of any kinds 6. In the absence of consensus, decision-making shall
related to their position. be based on majority votes with principle of 1 (one)
8. Members of the Risk Monitoring Committee must person 1 (one) vote.
provide sufficient time to carry out their duties and 7. Risk Monitoring Committee meetings decisions shall
responsibilities optimally. be considered valid if approved by more than (one-half
) of Risk Monitoring Committee members present.
The principle of votes for members shall be 1 (one)
person 1 (one) vote.
Annual Report 2020

Corporate
Governance
8. Committee meetings results shall be recorded in minutes of meeting signed by all members of Committee present and
documented in accordance with the laws and regulations.
9. Any dissenting opinions that occur in committee meetings shall be clearly detailed in the minutes of meeting.
10. Committee Meetings shall be recorded in minutes of meeting by Committee Secretary, or by one Committee member
who is an independent party, in the absence of Committee Secretary.
11. Committee Meetings Minutes of meeting shall be submitted in writing by Risk Monitoring Committee to Board of
Commissioners.
12. Attendance of Committee Members at meetings shall be reported in the quarterly reports and annual reports of the
Committee.
Risk Monitoring Committee Meeting Agenda

In 2020, Risk Monitoring Committee (RMC) held 6 (six) meetings, either internal meetings or joint meetings with related
divisions with the following agenda:
Meeting Agenda of Risk Monitoring Committee
No. Date Agenda Participant
1. January 23, 2020 • Evaluation of the implementation of the BNI Risk Management function • Revrisond Baswir 1)
during 2019 and the 2020 Enterprise Risk Management Division Work Plan. • Joni Swastanto
• Deepening of issues related to Credit Risk. • Sigit Widyawan 2)
• Irwan Rinaldi 3)
• Shajehan Jimmy Azis 4)
2. 24 June 2020 • BNI Risk Profile. • Joni Swastanto
• Deepening of issues related to Credit Risk, Market Risk and Liquidity Risk. • Askolani 5)
3. July 30, 2020 Discussion with the Audit Committee regarding Strategic Issues in the Risk • Pradjoto 6)
Monitoring Committee and the Audit Committee. • Joni Swastanto
• Askolani 5)
4. 22 September 2020 • Bank Soundness Level and Risk Profile of BNI. • Pradjoto 6)
• Deepening of issues related to Operational Risk, Law Risk, Compliance • Joni Swastanto
Risk, Strategic Risk, Reputation Risk, Credit Risk, Market Risk and Liquidity • Ratih Nurdiati 7)
Risk. • Septian Hario Seto 7)
5. November 19, 2020 Reports of the Risk Management Director and related divisions regarding the • Pradjoto 6)
Deepening of Credit Risk Profiles and Improving Credit Quality (NPL and LaR) • Joni Swastanto
6. December 14, 2020 Deepening of Intra-Group Risk and Insurance Risk and Work Realization of the • Pradjoto 6)
Integrated Risk Management Committee • Joni Swastanto
7. December 15, 2020 Review of Bank Credit Policies • Pradjoto 6)
• Joni Swastanto
8. December 16, 2020 Report of the Director of Institutional Relations and Risk Management Director • Pradjoto 6)
regarding the deepening of credit quality of large BUMN debtors • Joni Swastanto
Notes:
1)
2)
3)
4)
5)
Serving as Member of Risk Monitoring Committee since March 10, 2020 and stop serving as Member of Risk Monitoring Committee since September 8, 2020
6)
7)
Annual Report 2020

Frequency and Attendance Level of Risk Monitoring Committee Meeting

During 2020, the Risk Monitoring Committee held 6 (six) KPR meetings, both internal KPR meetings and meetings with
related Directors, divisions or units. The number of attendance of each KPR member at the KPR Meeting is as shown in the
table below:
Risk Monitoring Committee Meeting Attendance Level

Name Position Number of Meeting Attendance Percentage (%)
Revrisond Baswir 1) Chairman 1 1 100

Pradjoto 2) Chairman 6 6 100
Joni Swastanto Member 8 8 100
Sigit Widyawan 3) Member 1 1 100
Askolani 4) Member 2 2 100
Ratih Nurdiati 5)
Member 5 4 80
Septian Hario Seto 5) Member 5 5 100
Irwan Rinaldi 6) Independent Member 3 3 100
Shajehan Jimmy Azis 7)
Independent Member 4 4 100
Information:
1)
2)
3)
4)
Serving as Member of Risk Monitoring Committee since March 10, 2020 and stop serving as Member of Risk Monitoring Committee on September 8, 2020
5)
6)
7)
Brief Report on the Activity of the Risk 2. Meetings and reviews on Bank BNI Soundness Level
Monitoring Committee per semester and BNI Risk Profile per quarter;
Throughout 2020, the Risk Monitoring Committee has 3. Meetings and reviews regarding the Integrated
implemented all programs/Work Plans set in early 2020 Risk Profile and the realization of the duties of the
in order to assist the implementation of the duties Integrated Risk Management Committee;
of the Board of Commissioners. The mechanism for 4. Meetings and reviews on the deepening of the main
implementing Risk Monitoring Committee activities/tasks issues of Operational Risk, Legal Risk, Compliance
is through: Risk, Strategic Risk, Reputation Risk, Credit Risk,
• Holding Risk Monitoring Committee Meetings by Market Risk and Liquidity Risk, Insurance Risk and
inviting related Directors, related divisions/units. Intra-Group Risk;
• Conducting review/evaluation outside the meeting 5. Meetings and reviews regarding the deepening of the
forum regarding matters of strategic nature or Credit Risk Profile and Credit Quality Improvement
matters related to the obligations which must be (NPL and LaR);
fulfilled by the Board of Commissioners based on the 6. Meetings and reviews on Bank Credit Policies;
prevailing laws and regulations, or matters and reports 7. Meetings and reviews on deepening the credit quality
submitted or proposed by the Board of Directors to of large BUMN debtors.
the Board Commissioner. 8. Review or evaluation of the following matters:
• Periodic Anti Money Laundering (AML) and
The results of the Risk Monitoring Committee Meeting Counter Terrorism Financing (CFT) reports
and monitoring, review/evaluation of the Risk Monitoring submitted by the Board of Directors;
Committee are submitted to the Board of Commissioners • Provision of Credit Facilities to Related Parties;
as reports and recommendations both in writing and in the • BNI’s 2020 Risk Appetite Statement;
Board of Commissioners meeting forum. • Changes to the BNI Pension Fund Regulations;
• BNI’s Board of Directors’ Organizational
The implementation of the Risk Oversight Committee’s Structuring;
activities in general includes the following: • BNI’s support as a Consolidated Controlling
1. Meetings and reviews regarding the evaluation of Shareholder of Bank HIMBARA Syariah;
the implementation of the BNI Risk Management
function during 2019 and the 2020 Enterprise Risk
Management Division Work Plan;
Annual Report 2020

Corporate
Governance
• BNI Shares buy back plan; • Monitoring of the Follow-Up Implementation of

• Proposal on write-off credit books proposed by BPK Audit Results Recommendations;
the Board of Directors; • Compliance Report 2020;
• Anticipatory Measures related to the Covid-19 • BNI Bank Business Plan (RBB) 2021-2023;
Pandemic based on a Bank Indonesia Letter; • BNI Recovery Plan Documents;
• Request for Credit Consultation to the Board • Evaluation of the Request for Approval from the
of Commissioners submitted by the Board of Board of Commissioners on the Mechanism for
Directors; Providing Consumer Credit Facilities to Related
• Changes or adjustments to the Credit Parties;
Consultation Guidelines to the Board of • BNI’s 2021 Sustainable Finance Action Plan
Commissioners; (RKAB) document.
• Transfer of Partnership Program Fund (PK) to
BUMN; Competency Development of Risk
• Supervision Report on the BNI Business Plan for Monitoring Committee Members
Semester II 2019; Throughout 2020, members of the Company’s Risk
• Revision of the 2020 BNI DPLK Business Plan and Monitoring Committee have participated in various
the 2021-2023 BNI DPLK Business Plan; competency improvement programs in the form of
• BMPK reports per period; training, workshops, conferences, seminars, as shown in
• BNI’s Anti-Bribery Policy; the following table:
No. Name Position Competency Development/Training Materials
1. Pradjoto Chairman/Vice President Competency/Training Development Materials, Time and Place of Implementation,
Commissioner/Independent and Types of Training and Providers can be seen in the Competency
Commissioner Development section of the Board of Commissioners
2. Joni Swastanto Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation,
and Types of Training and Providers can be seen in the Competency
Development section of the Board of Commissioners
3. Sigit Widyawan 1) Member/Independent Competency/Training Development Materials, Time and Place of Implementation,
Commissioner and Types of Training and Providers can be seen in the Competency
4. Askolani 2) Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation,
5. Ratih Nurdiati Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation,
6. Septian Hario Seto Member/Commissioner Competency/Training Development Materials, Time and Place of Implementation,
Information:
1)
2)
Stop serving as Member of Risk Monitoring Committee on September 8, 2020
INTEGRATED GOVERNANCE COMMITTEE Legal Basis For The Establishment of

REPORT Integrated Governance Committee
The Integrated Governance Committee (IGC) established Establishment of Integrated Government Committee
by referring to and in accordance with applicable laws and for Financial Conglomerate in BNI is based on Board of
regulations to Financial Services Authority regulation Commissioners Decree No. Kep/006/DK/2015 dated
No. 18/POJK.03/2014 dated November 18, 2014 regarding June 22, 2015 regarding the Establishment of Integrated
Integrated Governance for Finance Conglomerate and Governance Committee. The Integrated Governance
Ministry of State-Owned Enterprises No. PER- 12/ Committee shall be independent both in the execution
MBU/12/2012 dated August 24, 2012 on Supporting of its duties and reporting and directly responsible to the
Organs of SOE’s Board of Commissioners/Supervisory Main Entity of Board of Commissioners.
Board.
Annual Report 2020

Integrated Governance Committee or Controlling Shareholders of Financial Services

Charter Institutions in the BNI Financial Conglomerate, or
The Company has an Integrated Governance Committee relationship with Financial Services Institutions
Charter that is continuously refined and updated in in BNI’s Financial Conglomerate that may affect
accordance with progress/amendment of applicable laws their ability to act independently. Financial
and current conditions. relationship, stewardship, share ownership and/or
family relationship as referred to above shall be in
The renewal/revision of the latest BNI Risk Monitoring accordance with applicable rules and regulations;
Committee Charter was carried out in 2017, as stipulated b. Has no direct or indirect business relationship
in the Board of Commissioners Decree No. KEP/044/ relating to Financial Services Institution in BNI’s
DK/2017 dated October 12, 2017 on The Integrated Financial Conglomerates.
Governance Committee Charter. The Integrated
Governance Committee Charter contains legal basis;
definition; establishment and committee structure; Membership of Integrated Governance
committee members requirements; committee Committee
membership; committee’ duties and responsibilities; 1. Members of Integrated Governance Committee at
committee’s authorities, rights and obligations; committee least consist of:
member’s appointment, dismissal and term of office; and a. An Independent Commissioner who is the
committee meetings. Chairman of one of the committees at the Main
Entity, and concurrently serves as member;
Qualifications of Integrated Governance b. An independent Commissioner who represents
Committee and is appointed by each Financial Services
1. General Requirements Institution in the BNI Financial Conglomerate, as
a. Have good integrity, character, moral and member;
sufficient work experience related to committee c. An independent party who serves as member. An
duties; independent party can come from an independent
b. Have no personal interests/links that may have party member of the Committee in the Main
negative impact and conflict of interest on the Entity;
Financial Services Institutions in BNI Financial d. Members of the Sharia Supervisory Board
Conglomerate. of Financial Service Institution that carry out
business activities based on Sharia principles in
2. Competency Requirements the BNI Financial Conglomerate as members,
a. Have adequate educational background, ability, whose numbers are adjusted to the needs of BNI
knowledge and experience in banking or other Financial Conglomerate as well as the efficiency
financial services institutions; and effectiveness of the duties of the Integrated
b. to work together, have the ability to communicate Governance Committee.
properly and effectively, and provide enough time 2. The number and composition of Independent
to carry out their duties; Commissioners who are members of the Integrated
c. Have sufficient knowledge and understanding of Governance Committee as referred to in point 1
the principles and processes of Good Corporate letter b above are adjusted to the needs of the BNI
Governance in general, as well as laws and Financial Conglomerate as well as the efficiency
regulations in the banking sector and other and effectiveness of the duties of the Integrated
financial services institutions, especially related to Governance Committee taking into account the least
operational activities of banking and other financial representation of each financial services sector.
services institutions. 3. The membership of Independent Commissioner in
Integrated Governance Committee as referred to in
3. Independence Requirements point 1 letter b above can be in the form of permanent
Independent Members of Integrated Governance and non-permanent membership, in accordance with
Committee: the needs of BNI Financial Conglomerate, where if
a. Shall be external party who has no financial necessary the Main Entity can add a non-permanent
relationship, stewardship, share ownership and/or membership to the Independent Commissioner who is
family relationship with Board of Commissioners, not yet member of Integrated Governance Committee.
Board of Supervisors, Board of Directors and/
Annual Report 2020

Corporate
Governance
4. Membership of Independent Commissioners, 7. Members of the Integrated Governance Committee

Independent parties and members of Sharia are required to carry out their duties properly and
Supervisory Board as referred to in letter 1 above to maintain the confidentiality of all documents,
Integrated Governance Committee in BNI Financial data, information, and everything related to the
Conglomerate are not considered as concurrent implementation of the Integrated Governance
positions. Committee’s Duties and only used for the benefit of
carrying out their duties.
Integrated Governance Committee Duties
and Responsibilities In carrying out its duties to assist the Main Entity’s Board
Integrated Governance Committee’s duties and of Commissioners, the Integrated Governance Committee
responsibilities including: has the following powers:
1. Evaluating Integrated Governance implementation 1. Integrated Governance Committee may request
at least through assessment of adequacy of an explanation or the necessary information about
internal controls, implementation of integrated employees, funds, assets, and other resources related
compliance functions and implementation of to the performance of its duties to the Institute of
Integrated Governance Guidelines. In conducting Financial Services in the BNI financial conglomerate,
the evaluation, Integrated Governance Commit-tee with due regard to the prevailing regulations. The
obtains information from evaluations of internal audit Committee shall report in writing the result of the
and compliance functions of each Financial Services assignment to the Board of Commissioners.
Institute from members of Board of Commissioners of 2. Members of Integrated Governance Committee shall
each Financial Services Institution where members are be authorized to communicate directly with the parties
in the Integrated Governance Committee. related to the Integrated Governance Committee
2. Providing recommendations to the Main Entity duties.
Board of Commissioners regarding the evaluation of 3. To carry out its duties, the Integrated Governance
Integrated Governance and improvement of Integrated Committee can cooperate or coordinate with other
Governance Guidelines. Committees under the Board of Commissioners, as
3. Monitor and report to the Main Entity’s Board of well as relevant divisions/units/work units on then
Commissioners on the implementation of Sharia Main Entity or others in the Institute of Financial
Banking Synergy every semester. Services in the BNI Financial Conglomerate.
4. Carry out the duties of the Main Entity’s Board of
Commissioners to review and evaluate material Appointment, Dismissal, and Terms of
related to the duties of the Integrated Governance Office of the Integrated Governance
Committee and/or other duties as determined by the Committee Member
Main Entity’s Board of Commissioners. 1. Chairman and members of Integrated Governance
5. Evaluate the suitability of the Integrated Committee shall be appointed and dismissed by Main
Governance Policy with the implementation of Entity Board of Commissioners.
these policies and provide recommendations to 2. Member of Integrated Governance Committee who
the Board of Commissioners of the Main Entity is a member of Main Entity Board of Commissioners
regarding Integrated Governance policies and their or Board of Commissioners and Supervisory Board of
implementation to ensure that Integrated Governance Financial Services Institution:
management has been carried out adequately. a. Term of office shall be equal to the period
6. Prior to the current financial year, the Integrated of appointment as member of Board of
Governance Committee must prepare and submit an Commissioners or Supervisory Board stipulated
Annual Work Plan and Budget to the Main Entity’s by the GMS.
Board of Commissioners for appointment, a copy b. Ceases by itself if the term of office as member
of which is submitted by the Main Entity’s Board of Board of Commissioners or Supervisory Board
of Commissioners to the Main Entity’s Board of ends.
Directors for information. The implementation of the 3. Term of office of member of Integrated Governance
Integrated Governance Committee’s Annual Work Plan Committee member from independent party shall be
and Budget is reported to the Main Entity’s Board of 3 (three) years, and may be renewed once for 2 (two)
Commissioners. years so that the total term shall be a maximum of 5
(five) years without prejudicing the right of Main Entity
Board of Commissioners to dismiss any committee
member at any time.
Annual Report 2020

4. Main Entity Board of Commissioners may dismiss any member of Integrated Governance Committee if he/she is
deemed to have not performed his/her duties as member of the committee as set forth in the Decree of appointment
of committee member concerned.
5. In the event that member of Main Entity Board of Commissioners who concurrently serves as Chairman of Integrated
Corporate Governance Committee resigns as member of Main Entity Board of Commissioners, the Chairman of the
Committee shall be replaced by other member of Main Entity Independent Board of Commissioners who is Chairman
of one of Committee in Main Entity within 30 (thirty) days at the latest.
6. Dismissal and appointment of Committee members shall be reported to the GMS.
Structure, Membership, and Expertise of the Integrated Governance Committee

In the 2020 period, the structure and membership of the Integrated Governance Committee underwent several changes as
explained in the table below:
Structure, Membership and Expertise of the Integrated Governance Committee as of December 31, 2020
Name Position Period Information Expertise
Agus Dermawan Wintarto Chairman July 20, until December 31, 2020 President Commissioner/ Economy, Finance, Banking
Martowardojo 1) Independent of PT Bank Negara
Askolani 2) Member March 10 until December 31, Commissioner of PT Bank Negara Economy, Finance
2020 Indonesia (Persero) Tbk
Susyanto 3) Member September 8 until December Commissioner of PT Bank Law
31, 2020 Negara Indonesia (Persero) Tbk
Parikesit Suprapto Member January 1 until December 31, President Commissioner/ Economic Development
2020 Independent of PT BNI Life
Insurance
Utang Ranuwijaya Member January 1 until December 31, Dewan Pengawas Syariah of PT Islamic Economy
2020 BNI Life Insurance
Max R. Niode Member January 1 until December 31, Independent Commissioner of Law
2020 PT Bank BNI Syariah
Hasanuddin Member January 1 until December 31, Sharia Supervisory Board of PT Islamic Economy Law
2020 Bank BNI Syariah
Rosa Lima Dwi Mutiari Member January 1 until December 31, President Commissioner/ Banking (Credit )
2020 Independent of PT BNI
Multifinance
Eddy Siswanto Member January 1 until June 30, 2020 President Commissioner/ Finance, tax and accounting,
Independent of PT BNI Asset capital market, pension fund
Management
1 July until December 31, 2020 Independent Commissioner of
PT BNI Asset Management
Boyke Wibowo Mukiyat 4) Member 17 November until December President Commissioner/ Banking
31, 2020 Independent of PT BNI Sekuritas
Notes:
1)
Serving as Chairman Committee Since July 20, 2020 based on the Decree of the Board of Commissioners Number KEP/031/DK/2020 Date July 20, 2020.
2)
Serving as Member Committee Since March 10, 2020 based on the Decree of the Board of Commissioners Number KEP/015/DK/2020 Date March 10, 2020.
3)
Serving as Member Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/046/DK/2020 Date September 8, 2020.
4)
Serving as Member Committee Since 17 November 2020 based on the Decree of the Board of Commissioners Number KEP/051/DK/2020 Date 17 November 2020.
Annual Report 2020

Corporate
Governance
Structure, Membership and Expertise of Integrated Governance Committee (Membership Period Has Ended in 2020)
Name Position Period Information Expertise
Revrisond Baswir 1) Chairman January 1 until February 20, 2020 Independent Commissioner PT Economy
Bank Negara Indonesia (Persero)
Tbk
Joni Swastanto 2) Member January 1 until September 8, Commissioner PT Bank Negara Banking
2020 Indonesia (Persero) Tbk
Sigit Widyawan 3) Member March 10 until September 8, Independent Commissioner PT Economy Accounting
2020 Bank Negara Indonesia (Persero)
Tbk
Suhendry Hafni 4) Member January 1 until June 12, 2020 Independent Commissioner PT Banking
BNI Sekuritas
Setyowati 5) Member January 1 until November 19, Independent Party Banking (Governance, Risk
2020 Management & Compliance)
Notes:
1)
Stop serving as Chairman Committee Since February 20, 2020 based on the Decree of the Board of Commissioners Number KEP/005/DK/2020 dated March 6, 2020.
2)
Stop serving as Member Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/044/DK/2020 dated September 8, 2020.
3)
Serving as Member Committee Since March 10, 2020 based on the Decree of the Board of Commissioners Number KEP/016/2020 dated March 10, 2020 and stop serving
as Member Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/045/DK/2020 dated September 8, 2020.
4)
Stop serving as Member Committee Since June 12, 2020 based on the Decree of the Board of Commissioners Number KEP/050/DK/2020 dated 17 November 2020
5)
Stop serving as Member Committee Since November 19, 2020 based on the Decree of the Board of Commissioners Number KEP/052/DK/2020 Date November 19, 2020.
The Profile of The Integrated Governance Parikesit Suprapto

Member of the Integrated Governance Committee
Committee
Agus Dermawan Wintarto Martowardojo

Chairman of the Integrated Governance Committee (President Commissioner/Independent PT BNI Life
Insurance) Born in 1951. Obtained Bachelor’s degree
in Company Economy from the College of Industrial
Profiles can be found in the Profile of the Board Management (1980), Master (economic development)
of Commissioners from Indiana University/USA (1990), Doctor (economic
development) from the University of Notre Dame/USA
Askolani (1995).
Has been a Member of the Integrated Governance
Committee since December 2018. Previously, Serving as
Profiles can be found in the Profile of the Board Commissioner of PT Indocement Tunggal Perkasa Tbk
of Commissioners (2001-2006), Commissioner of PT Bank Negara Indonesia
(Persero) Tbk (2008-2010), President Commissioner of
PT Pusri (Persero) (2008- 2012), Commissioner of
Susyanto PT Indosat (Persero) Tbk (2011), Commissioner of PT
Member of the Integrated Governance Committee Telkom (Persero) Tbk (2012-2014), Commissioner of PT
KPEI (2013-2016), Independent Commissioner of PT Bank
Bukopin Tbk (2013-2018), Director of Analysis Information
Profiles can be found in the Profile of the Board on Financial Services Business Ministry of State Owned
of Commissioners Enterprises/the Investment and Development Agency
for BUMN (2000-2001), Director of Restructuring and
Privatization, Directorate General of BUMN Development,
Ministry of Finance (2001-2002), Assistant Deputy for
Restructuring and Privatization of Financial Services
Businesses, Construction and others (2002-2005), Expert
Staff of the State Minister for Small Business Partnerships
(2005-2008), Deputy for Business Banking and Financial
Services at the State Ministry for State Owned Enterprises
(2008-2010), Deputy for Service Business Sector at the
State Ministry for Public Works MN (2010-2012).
Annual Report 2020

Utang Ranuwijaya Hasanuddin

Member of the Integrated Governance Committee Member of the Integrated Governance Committee
(Member of the Sharia Supervisory Board at PT BNI Life (Member of the Sharia Supervisory Board at PT Bank BNI
Insurance) Born in 1958. Obtained a Bachelor’s degree Syariah) Born in 1961. Obtained a Bachelor’s degree from
from the Syari’ah Faculty of IAIN “SGD” Bandung (1984), a the Sharia Faculty of Tribhakti Islamic University, Kediri in
Master’s Degree from IAIN “Syahid” Jakarta (1992) and a 1985, a Bachelor from the Sharia Faculty, State Islamic
Doctoral Degree from IAIN “Syahid “Jakarta (1998). Institute (IAIN- now UIN) Syarif Hidayatullah, Jakarta. 1998,
and has completed the Doctoral program in Sharia Studies
Has been a member of the BNI Integrated Governance from the same university in 2008.
Committee since January 2017. Previously served as
Dean of the Faculty of Sharia and Islamic Economy at IAIN Served as Member of the Integrated Governance
“SMH” Banten (2011-2015), Director of Postgraduate Committee of BNI since January 2017. Served as Member
Program at IAIN SMH Banten (2015-2017). of the LPPOM - MUI Expert Team in 2006, until now
serving as Deputy Chairman of the MUI National Sharia
Board Daily Executing Body (BPH - DSN). He is active in
academic activities and has served as Dean of the IIQ
Max R. Niode Sharia Faculty, Jakarta in 1993 - 1997 and 1999 - 2002 and
has been a lecturer in Islamic Law at UIN and IIQ to date.
(Independent Commissioner of PT Bank BNI Syariah)

Rosa Lima Dwi Mutiari
Born in 1957. Obtained a Bachelor of Laws degree from Member of the Integrated Governance Committee
the University of Hasanuddin Makassar (1983) and a
Masters in Law from the University of Indonesia, Jakarta
(1999).
(President Commissioner/Independent of PT BNI
Has been a member of the Integrated Governance Multifinance) Born in 1956. Obtained a Bachelor’s degree
Committee since June 2019. Previously served as in Corporate Economy from the Diponegoro University
Commissioner PT Asuransi Tri Pakarta (2014 - 2015), (1980) and a Master’s Degree from the IPWI Economy
Head of the BNI Internal Audit Unit (2011 - 2014), Head School (1995).
of the Legal Division of Bank BNI (2004 - 2011), President
Commissioner of PT Swadharma Surya Finance (2003 - Has been a member of the BNI Integrated Governance
2006), and Commissioner of PT Swadharma Surya Finance Committee since October 2016. Previously held various
(2000 - 2003). positions from 2004 with the last position as Head of the
BUMN Division and Government Institutions at PT Bank
Negara Indonesia (Persero) Tbk. (2012-2014), National
Professional Certification Authority, Competency Assessor
at the Banking Professional Certification Institute (LSPP)
(2012-Present), Lecturers and Credit Consultants at
BNI Corporate University of PT Bank Negara Indonesia
(Persero) Tbk.
Annual Report 2020

Corporate
Governance
Eddy Siswanto Revrisond Baswir

Member of the Integrated Governance Committee Chairman of the Integrated Governance Committee
(Period January 1 until February 20, 2020)
(Independent Commissioner of PT BNI Asset

Management) Born in 1956. Graduated with a Bachelor of
Joni Swastanto
Accounting Degree from the University of North Sumatra Member of the Integrated Governance Committee
- Medan (1982) and a Master of Finance and Banking (Period January 1 until September 8, 2020)
from Gadjah Mada University - Yogyakarta (1993). Has A,

B, and C tax certificates, as well as WMI Capital Market
certification and has received WPPE and WPEE. Profiles can be found in the Profile of the Board
of Commissioners
Committee since September 2017. Previously, he worked
at the BNI Group since 1982. In 2001-2010 Serving as Sigit Widyawan
Accountant in the Finance Division of PT BNI Sekuritas Member of the Integrated Governance Committee
(Period January 1 until September 8, 2020)
(2001-2004), Director of Investment in the BNI Pension
Fund (2004-2006) , Head of Budgeting & Financial Control
Division at PT Bank Negara Indonesia (Persero), Tbk
(2006-2009), President Director at PT BNI Sekuritas (2009- Profiles can be found in the Profile of the Board
2010), and President Director at PT Tri Handayani Utama of Commissioners
(Subsidiary of BNI Pension Fund) (2011-December 2018).
Suhendry Hafni
Boyke Wibowo Mukiyat Member of the Integrated Governance Committee
Member of the Integrated Governance Committee (Period January 1 until June 12, 2020)
(President Commissioner/Independent Commissioner of

(Independent Commissioner of PT BNI Sekuritas)
PT BNI Sekuritas) Born in 1958. Obtained a bachelor’s
Born in 1958. Obtained a bachelor’s degree in
degree in management from the University of Indonesia in
management from Krisnadwipayana University in 1986 and
1993.
a Masters in Management from Gadjah Mada University in
1995.
Committee since 17 November 2020. Previously
held various strategic positions, including President
Committee since December 2018 and ended on June 12,
Commissioner/Independent Commissioner of PT BNI
2020. Previously held various strategic positions in the
Sekuritas (2020-present), Independent Commissioner
BNI Group, including Deputy Leader of the Institutional
of PT Indika Energy Tbk. (2016-2020), President
Financial Services Division (2008-2009), Regional Leader of
Commissioner of PT. Rukun Raharja Tbk. (2014-2019),
Denpasar (2009-2011), Division Leader Compliance (2011-
President Director of PT Truba Jaya Engineering (2014-
2014), Commissioner of PT BNI Sekuritas (2015-2018),
2018), President Commissioner of PT Jakarta Propertindo
Assessor at the Indonesian Banking Certification Institute
(2015-2016), Commissioner of PT Pertamina EP Cepu
(2012-present), Mediator at the Alternative Institute for
(2014-2015), President Director of PT Asset Management
Banking Dispute Resolution (2016-present).
Company (2008-2013) , President Director of PT Bahana
Indonesia Business Development (2006-2008), President
Commissioner PT Bahana TCW Investment Management
(2003-2009), Commissioner PT Bahana Artha Ventura
(2003-2009), Director of PT Bahana Indonesian Business
Development (2001-2006), President Commissioner of
PT. Bahana Securities (2001-2003), President Director of
PT Niaga Asset Management (1999-2001), Investment
Director of PT Niaga Asset Management (1997-2001).
Annual Report 2020

Setyowati Sigit Widyawan

Member of Integrated Governance Committee Member of Integrated Governance Committee
(Period January 1 until November 19, 2020)

(Independent Party of Integrated Governance Committee) of Commissioners
Born in 1958. Obtained a Bachelor’s Degree in Economics
from the Diponegoro University (1982).
Suhendry Hafni
Has been a member of the BNI Integrated Governance Member of Integrated Governance Committee
Committee since 16 November 2015 and ends on (Period January 1 until June 12, 2020)
November 19, 2020. Previously, he worked at PT
Bank Niaga from 1983 to 2001 with his last position as
Compliance Group Head, Commissioner Niaga Securities
(Independent Commissioner of PT BNI Sekuritas)
(2000-2001), Head of Credit & Market Risk Management
Born in 1958. Obtained a bachelor’s degree in
of PT Bank Danamon (2001-2006), Corporate Credit Audit
management from Krisnadwipayana University in 1986 and
Head of PT Bank Mandiri (Persero) Tbk (2006-2007), Credit
a Masters in Management from Gadjah Mada University in
Risk & Policy Group Head of PT Bank Mandiri (Persero) Tbk
1995.
(2007-2009), Policy, System & Procedure Group Head of
PT Bank Mandiri (Persero) Tbk (2010-2014), advisor at
PT Bank Syariah Mandiri (2015-2017).
Committee since December 2018 and ends on June 12,
2020. Previously held various strategic positions in the
BNI Group, including Deputy Leader of the Institutional
Profile of The Integrated Governance Financial Services Division (2008-2009), Regional Leader of
Committee (Membership Period has Denpasar (2009-2011), Division Leader Compliance (2011-
Ended in 2020) 2014), Commissioner of PT BNI Sekuritas (2015-2018),
Assessor at the Indonesian Banking Certification Institute
(2012-present), Mediator at the Alternative Institute for
Revrisond Baswir Banking Dispute Resolution (2016-present).
Chairman of Integrated Governance Committee (Period January
1 until February 20, 2020)
Setyowati
Member of Integrated Governance Committee
(Period January 1 until November 19, 2020)
Joni Swastanto
Member of Integrated Governance Committee
(Period January 1 until September 8, 2020)
(Independent Party of Integrated Governance Committee)
Born in 1958. Obtained a Bachelor’s Degree in Economics
from the Diponegoro University (1982).
of Commissioners
Member of the BNI Integrated Governance Committee
since November 16, 2015 and ending on November 19,
2020. Previously, he worked at PT Bank Niaga from 1983
to 2001 with his last position as Compliance Group Head,
Commissioner Niaga Securities (2000-2001), Head of
Credit & Market Risk Management of PT Bank Danamon
(2001-2006), Head of Corporate Credit Audit of PT Bank
Mandiri (Persero) Tbk (2006-2007), Credit Risk & Policy
Group Head of PT Bank Mandiri (Persero) Tbk (2007-2009),
Policy, System & Procedure Group Head of PT Bank
Mandiri (Persero) Tbk (2010-2014), advisor at PT Bank
Syariah Mandiri (2015-2017).
Annual Report 2020

Corporate
Governance
Education and Work Experience of The Integrated Governance Committee

The educational qualifications and work experience of the chairman and members of the Integrated Governance Committee
until the end of 2020 are as follows:
Educational Qualifications and Work Experience of the Integrated Governance Committee as of December 31, 2020
Name Position Period Education Work Experience
Agus Dermawan Chairman July 20 until His education history can His working experience history can be found in the
Wintarto Martowardojo 1) December 31, 2020 be found in the section section on the diversity of the composition of the
on the diversity of the board of commissioners
composition of the board of
commissioners
Askolani 2) Member March 10 until His education history can His working experience history can be found in the
December 31, 2020 be found in the section section on the diversity of the composition of the
commissioners
Susyanto 3) Member September 8 Until His education history can His working experience history can be found in the
December 31, 2020 be found in the section section on the diversity of the composition of the
commissioners
Parikesit Suprapto Member January 1 Until • Bachelor’s Degree in • President Commissioner/Independent of PT BNI
December 31, 2020 Economy Life Insurance
• Master’s Degree in • Commissioner of PT Indocement Tunggal
Economic Development Perkasa Tbk
• Doctoral Degree in • Commissioner of PT Bank Negara Indonesia
Economic Development (Persero) Tbk
• President Commissioner of PT Pusri (Persero)
• Commissioner of PT Indosat (Persero) Tbk
• Commissioner of PT Telkom (Persero) Tbk
• Commissioner of PT Kpei
• Independent Commissioner of
PT Bank Bukopin Tbk
• Director of Financial Services Business Info
Analysis of State Ministry of State Owned
Enterprises/State Investment Board and State
Owned Enterprises Development
• Director of Restructuring and Privatization,
Directorate General of State-Owned Enterprises
Development, Ministry of Finance
• Assistant Deputy for Restructuring and
Privatization of Financial Services Businesses,
Construction and Others
• Expert Staff of the State Minister for Small
Business Partnerships
• Deputy of Business Banking and Financial
Services of the State Ministry of SOE
• Deputy of Business Services of the State
Ministry of SOE
Utang Ranuwijaya Member January 1 Until • Bachelor’s Degree in • Dean of the Faculty of Sharia and Islamic
December 31, 2020 Religious Courts Economy, IAIN “SMH” Banten
• Master’s Degree in • Director of the Postgraduate Program, IAIN
Islamic Studies “SMH” Banten
• Doctoral Degree in • Sharia Supervisory Board at PT BNI Life
Islamic Studies Insurance
Max R. Niode Member January 1 until • Bachelor’s Degree in Law • Independent Commissioner at
December 31, 2020 (Civil) PT Bank Bni Syariah
• Master’s Degree in Law • Senior Advisor at Law Firm Rahmad Irwan And
Partners
• Commissioner of PT Asuransi Tri Pakarta
• Head of the BNI Internal Audit Unit
• Member of the Bank BNI Pension Fund
Supervisory Board
• Head of the Legal Division of Bank Bni
• Head of Bandung Bank BNI Medium Credit
Center
• President Commissioner of
PT Swadharma Surya Finance
• Commissioner of PT Swadharma Surya Finance
Annual Report 2020

Name Position Period Education Work Experience
Hasanuddin Member January 1 until • Bachelor degree from the • Chairman of the Sharia Supervisory Board of
December 31, 2020 Sharia Faculty of Tribhakti PT Bank Bni Syariah, PT Toyota Astra Finance
Islamic University Services (Sharia Business Unit, PT Trimegah
• Bachelor degree from Asset Management (Sharia Mutual Fund), PT
the Sharia Faculty, State Sarana Multigriya Finansial (Persero) (Syariah
Islamic Institute of Iain Business Unit)
(Now Uin) • Member of the Sharia Supervisory Board at
• Master of Religion in Bank Danamon’s Syariah Business Unit
Islamic Studies (Sharia • Deputy Chairman of the MUI’s National Sharia
Concentration) from UIN Council Daily Executing Agency (BPH - DSN).
Syarif Hidayatullah • Lecturer in Islamic Law at Uin and Iiq
• Doctorate in Islamic • Dean of the Iiq Sharia Faculty, Jakarta
Studies (Sharia • Member of the LPPOM - MUI Expert Team
Concentration) from UIN • Member of the Sharia Accounting Committee
Syarif Hidayatullah. (KAS) - IAI
• Member of the OJK KPJKS Work Team
• Member of the Indonesian Stock Exchange
(IDX) Sharia Capital Market Development Team
• Deputy Chairman of the MUI Fatwa
Commission
Rosa Lima Dwi Mutiari Member January 1 until • Bachelor’s Degree in • President Commissioner/Independent
December 31, 2020 Corporate Economy Commissioner of PT BNI Multifinance
• Master’s Degree from • Lecturers and Credit Consultants at Bni
IPWI School of Economy Corporate University PT Bank Negara Indonesia
(Persero) Tbk.
• Competency Assessors at the Banking
Professional Certification Institute (LSPP)
• Head of Corporate Division 1 at PT Bank Negara
• Head of Division of State Owned Enterprises
and Government Institutions at PT Bank Negara
Indonesia (Persero) Tbk.
Eddy Siswanto Member January 1 until • Bachelor’s Degree in • Independent Commissioner of PT BNI Asset
December 31, 2020 Bidang Accounting Management
• Master’s Degree in • President Commissioner of PT BNI Asset
Bidang Finance And Management
Banking • President Director of PT Tri Handayani Utama
(Subsidiary of the BNI Pension Fund)
• President Director of PT BNI Sekuritas
• Head of the Budgeting & Financial Control
Division of PT BNI (Persero) Tbk
• Investment Director in BNI Pension Funds
Boyke Wibowo Mukiyat 4) Member 17 November until Bachelor’s Degree in • President Commissioner/Independent
December 31, 2020 Management Commissioner of PT BNI Sekuritas
• Independent Commissioner of
PT Indika Energy Tbk.
PT Rukun Raharja Tbk.
• President Director of PT Truba Jaya Engineering
PT Jakarta Propertindo
• Commissioner of PT Pertamina Ep Cepu
• President Director of
PT Perusahaan Pengelola Aset
• President Director of PTBahana Pembinaan
Usaha Indonesia
• President Commissioner of PT Bahana Tcw
Investment Management
• Commissioner of PT. Bahana Artha Ventura
• Director of PT Bahana Pembinaan Usaha
Indonesia
PT Bahana Securities
• President Director of
PT Niaga Asset Management
• Investment Director of
PT Niaga Asset Management
Notes:
1)
Serving as Chairman Committee since July 20, 2020 based on decision letter of BOC No. KEP/031/DK/2020 dated July 20, 2020.
2)
Serving as Member Committee since March 10, 2020 based on decision letter of BOC No. KEP/015/DK/2020 dated March 10, 2020.
3)
Serving as Member Committee since September 8 2020 based on decision letter of BOC No. KEP/046/DK/2020 dated September 8 2020.
4)
Serving as Member Committees since 17 November 2020 based on decision letter of BOC No. KEP/051/DK/2020 dated 17 November 2020.
Annual Report 2020

Corporate
Governance
Educational Qualifications and Work Experience of the Integrated Governance Committee

(Terms of Office Has Ended in 2020)
Name Position Period Education Working Experience
Revrisond Baswir 1) Chairman January 1 until His education history can His working experience history can be found in the
February 20, 2020 be found in the section section on the diversity of the composition of the
commissioners
Joni Swastanto 2) Member January 1 until His education history can His working experience history can be found in the
September 8, 2020 be found in the section section on the diversity of the composition of the
commissioners
Sigit Widyawan 3) Member March 10 until His education history can His working experience history can be found in the
September 8, 2020 be found in the section section on the diversity of the composition of the
commissioners
Suhendry Hafni 4) Member January 1 until June • Bachelor’s Degree in • Independent Commissioner at PT BNI Sekuritas
12, 2020 Management • Head of Compliance Division of PT (BNI)
• Master’s Degree in Persero Tbk
Management • Head of Denpasar Area, PT BNI (Persero) Tbk
• Deputy Head of the Institutional Financial
Services Division of PT BNI (Persero) Tbk
• Assessor at the Indonesian Banking Certification
Institute
• Mediator at the Alternative Institute for Banking
Dispute Resolution
Setyowati 5) Member January 1 until Bachelor’s Degree in • Compliance Group Head at PT Bank Niaga
November 19, 2020 Economy • Commissioner at Niaga Securities
• Credit & Risk Managament Head atPT Bank
Danamon
• Corporate Credit Audit Head at PT Bank Mandiri
(Persero) Tbk
• Credit Risk & Policy Group Head at PT Bank
Mandiri (Persero) Tbk
• Policy, System & Procedure Group Head
at PT Bank Mandiri (Persero) Tbk
• Advisor at PT Bank Syariah Mandiri
Information:
1)
Stop serving as Chairman Committee Since February 20, 2020 based on the Decree of the Board of Commissioners Number KEP/005/DK/2020 dated March 6, 2020.
2)
Stop serving as Member Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/044/DK/2020 dated September 8, 2020.
3)
Serving as Member Committee Since March 10, 2020 based on the Decree of the Board of Commissioners Number KEP/016/2020 dated March 10, 2020 and Stop
serving as Member Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/045/DK/2020 dated September 8, 2020.
4)
Stop serving as Member Committee Since June 12, 2020 based on the Decree of the Board of Commissioners Number KEP/050/DK/2020 dated 17 November 2020
5)
Stop serving as Member Committee Since November 19, 2020 based on the Decree of the Board of Commissioners Number KEP/052/DK/2020 dated November 19,
2020.
Annual Report 2020

Independence of The Integrated Governance Committee

Members of the Integrated Governance Committee provide a fair and balanced assessment of all relevant conditions and
are not influenced by personal interests or other parties in expressing their opinions.
Independency of the Integrated Governance Committee as of December 31, 2020

Agus Dermawan Boyke
Independency Parikesit Utang Max R. Rosa Lima Eddy
Wintarto Askolani 2) Susyanto 3) Hasanuddin Wibowo
Aspects Suprapto Ranuwijaya Niode Dwi Mutiari Siswanto
Martowardojo 1) Mukiyat 4)
No financial
relationship
with Board of
√ √ √ √ √ √ √ √ √ √
Commissioners
and Board of
Directors
No management
relationship in
the
company, √ √ √ √ √ √ √ √ √ √
subsidiaries or
affiliated
companies
No shares in the
√ √ √ √ √ √ √ √ √ √
company
No family
relationship
with Board
of
Commissioners,
Board of √ √ √ √ √ √ √ √ √ √
Directors and/or
fellow members
of
Risk Monitoring
Committee
Not serving on
boards of
political parties, √ √ √ √ √ √ √ √ √ √
government
officials
Notes:
1)
Serving as Chairman Committee Since July 20, 2020 based on the Decree of the Board of Commissioners Number Kep/031/DK/2020 Date July 20, 2020.
2)
Serving as Member Committee Since March 10, 2020 based on the Decree of the Board of Commissioners Number Kep/015/DK/2020 Date March 10, 2020.
3)
Serving as Member Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number Kep/046/DK/2020 Date September 8, 2020.
4)
Serving as Member Committee Since November 2020 based on the Decree of the Board of Commissioners Number Kep/051/DK/2020 Date November 17, 2020.
Independency of the Integrated Governance Committee (Membership Period Has Ended in 2020)
Revrisond Joni Sigit Suhendry
Independence Aspect Setyowati 5)
Baswir 1) Swastanto 2) Widyawan 3) Hafni 4)
No financial relationship with Board of Commissioners and Board of Directors √ √ √ √ √

No management relationship in the company, subsidiaries or affiliated
√ √ √ √ √
companies
No shares in the company √ √ √ √ √
No family relationship with Board of Commissioners,
√ √ √ √ √
Board of Directors and/or fellow members of Risk Monitoring Committee
Not serving on boards of political parties, government officials √ √ √ √ √
Information:
1)
Stop serving as Chairman of the Committee Since February 20, 2020 based on the Decree of the Board of Commissioners Number KEP/005/DK/2020 dated March 6,
2020.
2)
Stop serving as Member of the Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/044/DK/2020 dated September 8,
2020.
3)
Serving as Member of the Committee Since March 10, 2020 based on the Decree of the Board of Commissioners Number KEP/016/2020 Date March 10, 2020 and stop
serving as Member of the Committee Since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/045/DK/2020 dated September 8,
2020.
4)
Stop serving as Member of the Committee since June 12, 2020 based on the Decree of the Board of Commissioners Number KEP/050/DK/2020 dated November 17,
2020
5)
Stop serving as Member of the Committee since November 19, 2020 based on the Decree of the Board of Commissioners Number KEP/052/DK/2020 dated November
19, 2020.
Annual Report 2020

Corporate
Governance
Integrated Governance Committee 6. Committee meetings decisions shall be made on the

Meetings basis of consensus.
1. Integrated Governance Committee shall meet at least 7. In the absence of consensus, decision-making shall
1 (one) time in 1 (one) month. be based on majority votes. Integrated Governance
2. Integrated Governance Committee Meetings shall only Committee meetings decisions shall be considered
be conducted if attended by at least 51% (fifty one valid if approved by more than 1⁄2 (one-half ) of
percent) of the total number of members. Integrated Governance Committee members present.
3. Integrated Governance Committee meeting shall be The principle of votes for members shall be 1 (one)
led by Integrated Governance Committee Chairman person 1 (one) vote.
or most senior Integrated Governance Committee 8. Committee meetings results shall be recorded
Member, if absent. in minutes of meeting signed by all members of
4. If deemed necessary, Integrated Governance Committee present and documented in accordance
Committee may invite other parties related to the with the laws and regulations.
meeting to attend Risk Monitoring Committee 9. The results of the Committee’s meeting shall be
Meeting. stated in the minutes of the meeting signed by
5. The committee meeting must be attended by each all Committee members present and properly
Independent Commissioner from the Financial documented.
Services Institution in the BNI Financial Conglomerate 10. Any dissenting opinions that occur in committee
who is a member of the Integrated Governance meetings shall be clearly detailed in the minutes of
Committee. In the event that the independent meeting along with reasons for dissent.
Commissioner concerned is unable to attend the 11. Attendance of Committee Members at meetings shall
Integrated Governance Committee meeting, other be reported in the quarterly reports and annual reports
Commissioners who are not members of the of the Committee.
Integrated Governance Committee or officials at the
relevant Financial Services Institution may be asked to Implementation of the Integrated
attend the Integrated Governance Committee meeting Governance Committee Meetings
by filling in the meeting attendance list, but not Throughout 2020 the Integrated Governance Committee
counted in the attendance quorum and voting to reach has held 4 (four) meetings with the agenda and meeting
a decision at the meeting. participants as follows:
Integrated Governance Committee Meeting Agenda
1. January 31, 2020 1. Evaluation of the Subsidiary’s Financial Performance 1. Revrisond Baswir 1)
December 2019 2. Joni Swastanto 2)
2. Subsidiary’s Strategic and Business Plan for 2020 3. Parikesit Suprapto
4. Utang Ranuwijaya
5. Max R. Niode
6. Hasanuddin
7. Suhendry Hafni 4)
8. Rosa Lima Dwi Mutiari
9. Eddy Siswanto
10. Setyowati 5)
2. June 9, 2020 1. Implementation of the Integrated Anti Fraud Strategy 1. Joni Swastanto 2)
2. Implementation of the AML-CFT Program in the BNI Financial 2. Askolani
Conglomeration 3. Sigit Widyawan 3)
3. Implementation of Integrated Compliance Function in Quarter 4. Parikesit Suprapto
I/2020 5. Utang Ranuwijaya
6. Max R. Niode
7. Hasanuddin
8. Suhendry Hafni 4)
10. Eddy Siswanto
11. Setyowati 5)
3. September 15, 2020 1. Integrated Internal Control and Audit Results of Subsidiaries 1. Agus Martowardojo
2. Integrated Risk Profile as of June 30, 2020 2. Askolani
3. Susyanto
4. Parikesit Suprapto
5. Utang Ranuwijaya
6. Max R. Niode
7. Hasanuddin
9. Eddy Siswanto
10. Setyowati 5)
Annual Report 2020

4. November 18, 2020 1. Follow-up to the Integrated Governance Committee Meeting 1. Agus Martowardojo
on September 15, 2020 regarding the Integrated Internal 2. Askolani
Control System and Integrated Risk Profile Semester I/2020 3. Susyanto
2. Review of Integrated Governance Policies 4. Parikesit Suprapto
3. The Work Plan of the Integrated Governance Committee for 5. Utang Ranuwijaya
2021 6. Max R. Niode
7. Hasanuddin
9. Eddy Siswanto
11. Boyke Wibowo Mukiyat
10. Setyowati 5)
Notes:
1)
Stop serving as Chairman Committee Since February 20, 2020 based on Decree of the Board of Commissioners Number KEP/005/DK/2020 dated March 6, 2020.
2)
Stop serving as Member of Committee since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/044/DK/2020 dated September 8, 2020.
3)
Serving as Member of Committee since March 10, 2020 based on Decree of the Board of Commissioners Number KEP/016/2020 Dated March 10, 2020 and Stop serving
as Member of Committee since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/045/DK/2020 dated September 8, 2020.
4)
Stop serving as Member of Committee since June 12, 2020 based on Decree of the Board of Commissioners Number KEP/050/DK/2020 dated 17 November 2020
5)
Stop serving as Member of Committee since November 19, 2020 based on Decree of the Board of Commissioners Number KEP/052/DK/2020 dated November 19, 2020.
Frequency and Attendance of the Integrated Governance Committee Meeting

Throughout 2020 the Integrated Governance Committee held 4 (four) meetings with attendance as follows:
Attendance Level of Integrated Governance Committee Meeting as of December 31, 2020

Number of
Name Position Period Total Meeting Percentage
Meeting
Agus Dermawan Wintarto Chairman July 20, until December 31, 2020 2 2 100%
Martowardojo 1)
Askolani 2) Member March 10, until December 31, 2020 3 3 100%
Susyanto 3) Member September 8, until December 31, 2020 2 2 100%
Parikesit Suprapto Member January 1 until December 31, 2020 4 4 100%
Utang Ranuwijaya Member January 1 until December 31, 2020 4 4 100%
Max R. Niode Member January 1 until December 31, 2020 4 4 100%
Hasanuddin Member January 1 until December 31, 2020 4 4 100%
Rosa Lima Dwi Mutiari Member January 1 until December 31, 2020 4 4 100%
Eddy Siswanto Member January 1 until December 31, 2020 4 4 100%
Boyke Wibowo Mukiyat 4)
Member November 17, until December 31, 2020 1 1 100%
Notes:
1)
Serving as Chairman of the Committee since July 20, 2020 based on the Decree of the Board of Commissioners Number KEP/031/DK/2020 dated July 20, 2020.
2)
Serving as Member of the Committee since March 10, 2020 based on the Decree of the Board of Commissioners Number KEP/015/DK/2020 dated March 10, 2020.
3)
Serving as Member of the Committee since September 8, 2020 based on the Decree of the Board of Commissioners Number KEP/046/DK/2020 dated September 8,
2020.
4)
Serving as Member of the Committee since 17 November 2020 based on the Decree of the Board of Commissioners Number KEP/051/DK/2020 dated 17 November
2020.
Attendance Level of Integrated Governance Committee Meeting (Membership Period has Ended in 2020)
Number of
Name Position Period Total Meeting Percentage
Meeting
Revrisond Baswir 1) Chairman January 1 until February 20, 2020 1 1 100%

Joni Swastanto 2) Member January 1 until September 8, 2020 2 2 100%
Sigit Widyawan 3) Member March 10, until September 8, 2020 1 1 100%
Suhendry Hafni 4) Member January 1 until June 12, 2020 2 2 100%
Setyowati 5) Member January 1 until November 19, 2020 4 4 100%
Notes:
1)
Stop serving as Chairman of the Committee Since February 20, 2020 based on Decree of the Board of Commissioners Number KEP/005/DK/2020 dated March 6, 2020.
2)
Stop serving as Member of the Committee Since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/044/DK/2020 dated September 8,
2020.
3)
Serving as Member of the Committee Since March 10, 2020 based on Decree of the Board of Commissioners Number KEP/016/2020 dated March 10, 2020 and stop
serving as Member of the Committee Since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/045/DK/2020 Date September 8, 2020.
4)
Stop serving as Member of the Committee Since June 12, 2020 based on Decree of the Board of Commissioners Number KEP/050/DK/2020 dated November 17, 2020
5)
Stop serving as Member of the Committee Since November 19, 2020 based on Decree of the Board of Commissioners Number KEP/052/DK/2020 dated November 19,
2020.
Annual Report 2020

Corporate
Governance
Brief Report on The Implementation 9. Discussing and recommending resolving governance

of The Activities of The Integrated problems that occur in subsidiaries and improving the
Governance Committee in 2020 integrated compliance function.
In carrying out its duties and responsibilities in 2020, 10. Reviewing and ensuring that the Integrated
the Integrated Governance Committee has carried out Governance Report to the Financial Services Authority
activities and provided suggestions/recommendations on has identified the strengths and weaknesses of the
the following activities: implementation of integrated governance and ensures
1. Reviewing and discussing the performance of the that action plans/corrective steps have been made for
subsidiary companies and the development strategy existing weaknesses.
of the subsidiary companies in line with the vision 11. Prepare an Integrated Governance Implementation
of PT Bank Negara Indonesia (Persero) Tbk to Evaluation report along with recommendations for
become a financial institution that excels in service improvements to the Board of Commissioners.
and performance so that the corporate plan of the 12. Conduct monthly reviews and monitoring of the
subsidiary is integrated with the corporate plan of the financial performance of subsidiaries in order to
parent company. achieve business targets as a result of integrated
2. Encourage and provide suggestions for increasing governance.
the implementation of synergy among subsidiaries as 13. Conducted reviews and provided suggestions on the
part of the BNI Group, including synergies in financing revision of the 2020 BNI RBB for approval from the
cooperation, sharing information about your customer, Board of Commissioners.
exploring new prospective products and optimizing 14. Increasing the joint commitment of all commissioners
business opportunities from PT Bank Negara of subsidiaries and all members of the Integrated
Indonesia (Persero ) Tbk as the holding company. Governance Committee that the supervision must be
3. Evaluating and providing recommendations to the based on the risk context for the main entity.
Board of Commissioners on the implementation 15. Monitored and ensured that the findings of OJK and
of Integrated Governance including evaluation internal audits at the Main Entity and subsidiaries
of the adequacy of integrated internal control; have been followed up and provided suggestions for
evaluation of the implementation of the integrated improvements related to human resources, database
compliance function; implementation of integrated requirements, completeness of regulations, among
risk management; implementation of the Integrated others related to conflicts of interest in subsidiaries.
Governance Guidelines, and achievement of the 16. Ensure that subsidiaries have anticipated changes in
performance of subsidiaries. external conditions, namely fluctuations in the rupiah
4. Evaluating and providing advice on the implementation exchange rate and the digital era which is currently
of the Anti-Fraud Strategy and the Implementation of becoming a trend and developing in society.
Anti-Money Laundering and Prevention of Terrorism 17. Reviewing the effectiveness and providing
Funding (AML-CFT) in all members of the BNI recommendations to the Board of Commissioners
Financial Conglomeration on integrated internal control and audit results in
5. Reviewing and recommending updates on the subsidiaries
Integrated Governance Policy, Integrated Risk 18. Conducted reviews and provided recommendations
Management Policy and Integrated Capital to the Board of Commissioners on proposals from the
Management. Directors of the BNI Main Entity regarding strategic
6. Evaluating and providing advice on the adequacy of actions in subsidiaries, including: Himbara Syariah
the methodology and problems of integrated internal Bank Ownership Consolidation Program.
control based on the audit results of the Main Entity 19. Reviewing and updating the Integrated Governance
and subsidiaries. Committee Charter in accordance with the progress
7. Evaluating and providing advice on the preparation of of the implementation of the Integrated Governance
an integrated risk profile, integrated risk appetite, and Committee’s duties.
limits for all integrated exposures 20. Report the implementation of the Integrated
8. Encouraging acceleration and providing suggestions Governance Committee’s duties every quarter to the
for BNI Incorporated to run well so that it has an Board of Commissioners.
impact on the profitability of each subsidiary company 21. Formulate an Integrated Governance Committee
accompanied by adequate risk management and work program for 2021 with a focus on: ensuring the
internal control, fulfillment of quality human resources, Integrated Governance structure functions optimally;
and good governance. ensure the Integrated Governance process runs well
with measurable risks, and evaluate the results of
Integrated Governance.
Annual Report 2020

Competency Development of the Integrated Governance Committee
Competency Development for the Integrated Governance Committee as of December 31, 2020
Competency Development/Training Types of Training and

Name Position Period Date and Venue
Materials Organizer
Agus Dermawan Chairman July 20 until Competency/Training Development Materials, Time and Place of Implementation, and Types
Wintarto December 31, of Training and Providers can be seen in the Competency Development section of the
Martowardojo 1) 2020 Commissioner Board
Askolani 2) Member March 10 until Competency/Training Development Materials, Time and Place of Implementation, and Types
December 31, of Training and Providers can be seen in the Competency Development section of the
2020 Commissioner Board
Susyanto 3) Member September 8, Competency/Training Development Materials, Time and Place of Implementation, and Types
until December of Training and Providers can be seen in the Competency Development section of the
31, 2020 Commissioner Board
Parikesit Member January 1 until 1. Building Cyber Risk Management December 16, 2020 ITIKAD AKADEMI
Suprapto December 31, Excellence in the Digital Marketing Era
2020 of the National Insurance Industry
2. Picturing JIWASRAYA CASE through a 22 October 2020 ITIKAD AKADEMI
GRC Lens
3. Board & Executive Development 29 September 2020 ISEA
Program Batch XIV and 6 October 2020
4. Insurance Outlook 2021: Anticipating a 29 September 2020 ITIKAD AKADEMI
Recovery or Recession
5. Protecting Value through Legal, August 19, 2020 ITIKAD AKADEMI
Litigation, and Reputation Risk
Management: What Companies Should
Anticipate in Court Cases
6. Management of Marketing, Sales, July 16, 2020 ITIKAD AKADEMI
and Complaints Risks in the Insurance
Business as an Opportunity to Build a
Company
7. Statistical Approach to Quantitative 24 June 2020 ITIKAD AKADEMI
Risk Assessment Techniques for Non-
Actuarial Risk Owners
8. Integrated Governance in the Digital Solo, January 31, Capacity Building
Age (by OJK) 2020 Committee TKT
Utang Member January 1 until 1. Ijtima Webinar 'Sanawi (Annual 05-06 November National Sharia Council
Ranuwijaya December 31, Meeting) of the Sharia Supervisory 2020 - Indonesian Ulema
2020 Board (DPS) 2020 with the theme Council
"Participation of the Islamic Economy in
the Recovery of the National Economy"
2. Webinar Workshop Pre-Ijtima 'Sanawi 12 – October 13, National Sharia Council
(Annual Meeting) of the Sharia 2020 - Indonesian Ulema
Supervisory Board in the Islamic Council
Banking Sector
3. Discussion and Ratification of Fatwa 30 September 2020 National Sharia Council
concerning Clearing, Settlement and - Indonesian Ulema
Guarantee of Exchange Transaction Council
Settlement for Equity Securities on
Stock Exchanges & Clause in Sukuk
Fatwa related to Tadawul (Tradibility)
Sukuk in Secondary Market
4. Sharia Insurance Accounting Expertise August 23, 2020 Faculty of Economy and
Training Islamic Business, Sultan
Maulana Hasanuddin
Banten State Islamic
University
Max R. Niode Member January 1 until 1. Risk Management Refreshment Jakarta, 10 December Indonesian Bankers
December 31, Program 2020 Association
2020
Annual Report 2020

Corporate
Governance

Materials Organizer
2. SMR Optimization of Legal Risk Jakarta, July 20, 2020 BSMR (Risk
Management Impact of Credit Management
Restructuring Certification Agency)
3. Embedding Sustainability Program Into Jakarta, 12-13 March Banker Association for
Bank's Business Model Workshop 2020 Risk Management
Hasanuddin Member January 1 until Integrated Governance in the Digital Age Solo, January 31, Capacity Building
December 31, (by OJK) 2020 Committee TKT
2020
Rosa Lima Dwi Member January 1 until 1. Webinar "The Financing Industry Amid Jakarta, Webinar for Directors,
Mutiari December 31, the Covid-19 Pandemic" 28 May 2020 Commissioner,
2020 Controlling Shareholders
and Sharia Supervisory
Board, APPI
2. Seminar Nasional “Arah dan Kebijakan Jakarta, Seminar for Directors,
2020“ February 20, 2020 Commissioner,
Controlling Shareholders
and Sharia Supervisory
Board, APPI
Eddy Siswanto Member January 1 until Integrated Governance in the Digital Age Solo, January 31, Capacity Building
December 31, (by OJK) 2020 Committee TKT
2020
Boyke Wibowo Member 17 November Integrated Governance in the Digital Age Solo, January 31, Capacity Building
Mukiyat 4) until December (by OJK) 2020 Committee TKT
31, 2020
Notes:
1)
Serving as Chairman Committee Since July 20, 2020 based on Decree of the Board of Commissioners Number KEP/031/DK/2020 dated July 20, 2020.
2)
Serving as Member Committee Since March 10, 2020 based on Decree of the Board of Commissioners Number KEP/015/DK/2020 dated March 10, 2020.
3)
Serving as Member Committee Since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/046/DK/2020 dated September 8, 2020.
4)
Serving as Member Committee Since 17 November 2020 based on Decree of the Board of Commissioners Number KEP/051/DK/2020 dated November 17, 2020.
Competency Development for the Integrated Governance Committee (Membership Period has Ended in 2020)

Materials Providers
Revrisond Chairman January 1 until Material for Competency Development/Training, Date and Place of Implementation, and Types
Baswir February 20, of Training and Providers can be seen in the Competency Development section of the Board of
2020 Commissioners.
Joni Swastanto Member January 1 until Material for Competency Development/Training, Date and Place of Implementation, and Types
September 8, of Training and Providers can be seen in the Competency Development section of the Board of
2020 Commissioners.
Sigit Widyawan Member March 10, until Material for Competency Development/Training, Date and Place of Implementation, and Types
September 8, of Training and Providers can be seen in the Competency Development section of the Board of
2020 Commissioners.
Suhendry Hafni Member January 1 until Integrated Governance in the Digital Age Solo, January 31, Capacity Building
June 12, 2020 (by OJK) 2020 Committee TKT
Setyowati Member January 1 until Integrated Governance in the Digital Age Solo, January 31, Capacity Building
November 19, (by OJK) 2020 Committee TKT
2020
Notes:
1)
Stop serving as Chairman Committee Since February 20, 2020 based on Decree of the Board of Commissioners Number KEP/005/DK/2020 Date March 6, 2020.
2)
Stop serving as Member Committee Since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/044/DK/2020 Date September 8, 2020.
3)
Serving as Member Committee Since March 10, 2020 based on Decree of the Board of Commissioners Number KEP/016/2020 Date March 10, 2020 and Stop serving as
Member Committee Since September 8, 2020 based on Decree of the Board of Commissioners Number KEP/045/DK/2020 Date September 8, 2020.
4)
Stop serving as Member Committee Since June 12, 2020 based on Decree of the Board of Commissioners Number KEP/050/DK/2020 Date November 17, 2020
5)
Stop serving as Member Committee Since November 19, 2020 based on Decree of the Board of Commissioners Number KEP/052/DK/2020 Date November 19, 2020.
Annual Report 2020

Secretariat of the Board of Commissioners 7. Working time of the Secretary of the Board of
Commissioners and Secretariat Staff of the Board of
In order to help smooth the implementation of duties, the Commissioners who is from outside the bank,
Board of Commissioners can be assisted by the Secretary 8. Performance assessment of Secretariat of the Board
of the Board of Commissioners appointed by the Board of Commissioners,
of Commissioners, this is in accordance with the Articles 9. Prohibition of concurrent positions,
of Association of BNI. The Secretary of BNI’s Board of 10. Mechanism for Coordination of the Secretariat of the
Commissioners comes from outside the Bank, who is Board of Commissioners with the Corporate Secretary
appointed and dismissed by the Board of Commissioners and committees under the Board of Commissioners.
based on the Board of Commissioners’ Decision Letter and
is directly responsible to the Board of Commissioners. Profile of Secretary of the Board of
Commissioners
The Secretary of BNI’s Board of Commissioners oversees
the Secretariat of the Board of Commissioners, which Period of January 1, 2020 - December 31, 2020
is formed and tasked with assisting and supporting
the smooth activities and duties of the Board of
Commissioners. In carrying out the duties, the Secretary
of the Board of Commissioners is assisted by Staff of
Secretary of the Board of Commissioners, who is from
outside the company and Staff who is an internal staff of
the Bank.
Anas Puji Istanto
Secretary of the Board of
Legal Basis Formation Commissioners of BNI
Duty implementation of the Secretary of the Board of (1 November 2019 - present)
Commissioners and the Secretariat of the Board of
Commissioners are guided by the State Minister for State-
Owned Enterprises Regulation No. PER-12/MBU/2012 Anas Puji Istanto is appointed as Secretary of the BNI
dated August 24, 2012, on Supporting Organs of the Board Commissioner Council since November 1, 2019, appointed
of Commissioners/Supervisory Board of State-Owned as Secretary of the Commissioner Council based on the
Enterprises, which among others regulates the Secretariat Decree of the Board of Commissioners Number KEP/015/
of the Board of Commissioners and Secretary of the Board DK/2019 dated 24 October 2019
of Commissioners.
Born in 1986, graduated with a Bachelor’s Degree in
Guidelines and Work Rules Gadjah Mada in 2008. Currently also Serving as the Head
The Board of Commissioners have issued a Decision of Sub Division of SOE Legal Services at the Ministry of
Letter No. KEP/041/DK/2017 dated September 28, 2017, SOE (2019), previously served as the Head of Sub Division
on Guidelines and Work Con-duct of the Secretariat of the of Legislation I (2014-2017).
Board of Commissioners, which regulates the following
matters:
1. Appointment and Position of Secretary of the Board of Requirements for the secretary of the
Commissioners, Board of Commissioners
2. Term of Office of the Secretary of the Board of The Secretary of the Board of Commissioners shall fulfil
Commissioners and Secretariat Staff of the Board of the following requirements:
Commissioners who is from outside the bank, 1. Understand SOE’s management, monitoring, and
3. Requirements for Secretary of the Board of development systems;
Commissioners, 2. Have good integrity;
4. Remuneration of the Secretary of the Board of 3. Understand secretariat function;
Commissioners and Secretariat Staff of the Board of 4. Have the ability to communicate and coordinate
Commissioners who is from outside the bank, properly;
5. Duties of Secretariat and Secretary of the Board of 5. Have sufficient time to perform the duties at the Bank.
Commissioners,
6. Access to and confidentiality of information,
Annual Report 2020

Corporate
Governance
Duties and Responsibilities of the • Accompanying the Board of Commissioners

Secretary of the Board of Commissioners in meetings with the regulators or bank’s
The Secretary of the Board of Commissioners has duties supervisory party related to the duties and
and responsibilities to facilitate the duty implementation of obligations of the Board of Commissioners as
the Board of Commissioners. Duties and Responsibilities the bank’s supervisor.
of the Secretary of the Board of Commissioners:
1. Coordinating the duties of the Secretariat of the Board 3. In the framework of administration order and good
of Commissioners in performing the following tasks: corporate governance implementation, the Secretariat
a. Preparing meeting, including briefing sheet of the of the Board of Commissioners must ensure that
Board of Commissioners; documents reflecting Board of Commissioners’
b. Preparing Minutes of Board of Commissioners’ activities are well-kept at the Bank.
Meeting according to the Bank’s Articles of
Association, including attending and preparing Prohibition of Concurrent Positions for
Minutes of joint meeting of the Board of Secretary of the Board of Commissioners
Commissioners and Board of Directors; The Secretary and Secretariat Staff of the Board of
c. Administering Board of Commissioner’s Commissioners who is from outside the bank cannot hold
documents either incoming letters, outgoing concurrent positions as:
letters, minutes of meeting, or any other 1. Member of the Board of Commissioners/Supervisory
documents; Board at other SOE/Company;
d. Drafting Work Plan and Budget of the Board of 2. Secretary/Secretariat Staff of the Board of
Commissioners; Commissioners at other State-Owned Enterprise
e. Drafting Board of Commissioners’ Reports; (SOE) of company;
3. Member of other committees at the Bank; and/or
2. In addition to performing duties as stated in number 1 4. Member of committee at other SOE/company
above, the Secretary of the Board of Commissioners secretary of the Board of Commissioners
as the head of the Secretariat of the Board of
Commissioners performs the following duties: Implementation Duties of the Secretary to
a. Ensuring that the Board of Commissioners the Board of Commissioners in 2019
complies with the laws and regulations and During 2019, the Secretary to the Board of Commissioners
implements Good Corporate Governance carried out the functions and duties to assist and
principles; b. Providing information needed by the support the implementation of the duties of Board of
Board of Commissioners periodically or at any Commissioners through the provision of information,
time when requested; studies and reports to the Board of Commissioners,
c. Coordinating Committee members, if generally including the following matters:
necessary, to ensure the ease of the Board of 1. Assisting in the preparation the Board of
Commissioners’ duties; Commissioners’ Fiscal Year 2020 Work Plan and Fiscal
d. Becoming the liaison officer between the Board Year 2019 Work Plan Realization Report.
of Commissioners and other parties; 2. Assisting in the preparation of Board of
e. Performing other duties given by the Board of Commissioners’ draft reports which are the obligation
Commissioners, among others but not limited to: of the Board of Commissioners in accordance with the
• Coordinating the draft of Board of applicable regulators, among others:
Commissioners’ Decision Letter; a. Reports to the SOE Ministry quarterly
• Coordinating study/review necessary by the b. Reports to FSA
Board of Commissioners; c. Reports of Board of Commissioners’ working
• Accompanying the Board of Commissioners visits
during work visit/official travel at work 3. Monitoring, reviewing and informing the Latest
units within the Bank’s environment and legislation development to be submitted to the Board
coordinating with committees under the of Commissioners, including the creation, renewal/
Board of Commissioners in preparing the adjustment of the Board of Commissioners’ Decrees
report of such work visit/official travel of the as well as charters for committees under the Board
Board of Commissioners; of Commissioners based on applicable rules and
regulations.
Annual Report 2020

4. Coordinating and organizing Board of Commissioners 6. Carrying out administrative duties related to
meetings, and Board of Commissioners meetings the smooth operation of the Commissioner’s
with Board of Directors including pre-paring meeting duties, namely the management, storage and ad-
schedules, materials, preparing and administering ministration of minutes of meetings of the Board
minutes of Board of Commissioners meetings, of Commissioners, and meetings of the Board of
providing recommendations and opinions of Board Commissioners with the Board of Directors, as well as
of Commissioners based on meetings of the Board minutes of meetings of Committees under the Board
of Commissioners with the Board of Directors and of Commissioners, documents/correspondence of the
monitoring the follow-up of the recommendations and Board of Commissioners including preparing drafts
opinions from Board of Commissioners. of approval letters, and strategic input/advice of the
5. Assisting and facilitating the duties of Commit-tees Board of Commissioners submitted to the Board of
under the Board of Commissioners as part of the Directors.
Board of Commissioners’ duties based on applicable 7. Accompanying the Board of Commissioners
laws, among others: official visit to work units within the Company, and
a. Coordinating division of the committees under the at meetings with regulators or bank supervisors
Board of Commissioners. related to the duties and obligations of the Board of
b. Coordinating and organizing meetings of Commissioners.
committees under the Board of Commissioners,
including preparing meeting materials, preparing
and administering minutes of meetings, and
providing recommendations and opinions on the
evaluation and committee meetings to the Board
of Commissioners as input.
c. Monitoring the implementation of the
commit-tees’ Work Plan under the Board of
Commissioners. d. Ensuring the completion
of committees’ re-ports under the Board of
Commissioners.
Annual Report 2020

Corporate
Governance
Committees Under the Board of Directors
The Board of Directors forms Committees at the Board 1. Corporate Segment Credit Committee
of Directors level in order to assist in the implementation - CC Head Office - 4 (KKP - 4)
of duties and management of the Bank, in accordance - CC Head Office - 3 (KKP - 3)
with BNI’s business needs and regulatory requirements, - CC Head Office - 2 (KKP - 2)
which are expected to create operational effectiveness and - CC Head Office - 1 (KKP - 1)
efficiency, including: - CC Division (KKD)
1. Credit Committee 2. Middle Segment Credit Committee
2. Integrated Risk Management Committee - Medium Segment - Large Commercial Credit
3. Risk and Capital Management Committee Committee
4. Product Committee a. CC Division - 2 (KKD - 2)
5. Performance Management Committee b. CC Division - 1 (KKD - 1)
6. Technology Management Committee - Medium Segment – Commercial Credit
7. Credit Policies and Procedures Committee Committee
8. Human Capital Committee a. CC Division (KKD)
b. CC Regional Office
c. CC Intermediate
CREDIT COMMITTEE STRUCTURE AND 3. Small Segment Credit Committee
MEMBERSHIP - CC Regional Office KK
- CC Small - 2
Credit Committee comprises of 3 (three) levels, each of - CC Branch - 2
which has a membership composition and authority limit of - CC Small - 1
its own, namely: - CC Branch Office - 1
Credit Committee at Director Level
Name of the Credit Member of the Committee

Maximum Credit
Committee (CC) Business Risk
CC Head Office - 4 up to BMPK The Board of Directors Meeting is attended by more than ½ (one half) of the total
(KK P-4) members of the Board of Directors and the SEVP with the following composition:
Min. 50% business functions incl. Sector Min. 50% risk function incl. Dir. MR/Dir.
Director as the initiator/Dir. business risk function or SEVP risk function.
function or SEVP business function.
Annual Report 2020

Credit Committee at Director Level

Maximum Credit
CC Head Office – 3 up to Rp10 trillion 2 Businesses + 3 Risks

(KK P-3)
• Initiating Sectoral Dir./Business • Initiating Sectoral Dir./Business
Function Dir. Function Dir.
• Business Function Dir./Business • 2 Risk Function Dir./Risk Function
Function SEVP SEVP
CC Head Office – 2 up to Rp2 trillion 2 Businesses + 2 Risks
(KK P-2)
• Initiating Sectoral Dir./Business • RM Dir./Risk Function Dir.
Function Dir. • Risk Function Dir. or Risk Function
• Dir. pengemban fungsi bisnis atau SEVP/SCO
SEVP/SCO pengemban fungsi bisnis.
CC Head Office – 1 up to Rp750 billion 1 Business + 2 Risk
(KK P-1)
Initiating Sectoral Dir./Business Function • RM Dir./Risk Function Dir.
Dir. • Risk Function Dir. or Risk Function
SEVP/SCO
Credit Committee at Divison Level (KKD)

Maximum Credit
KK Divisi (KKD) up to Rp300 billion Head of Business Division. RM Dir./Risk Function Dir.
Deputy Head of Business Division/SCO. Head of Risk Division/Deputy Head of
Risk Division/SCO.
Profile and Certification of Credit Committee Members

The profile and certification of each committee member can be seen in the discussion of the Board of Directors’ Profile and
the Senior Executive President’s Profile.
CREDIT COMMITTEE DUTIES AND RESPONSIBILITIES
Credit Committee Job Description is as follows:

1. Approve or reject proposals in accordance with the credit limit or types of credit authority established by the Board of
Directors.
2. Be responsible for credit decisions based on financing feasibility, credit safety considerations, compliance with lending
policies and procedures as well as the provisions of credit limit.
3. Coordinate with the Treasury Division on credit funding aspects.
4. Reject the request and or influence of the parties with an interest in the credit applicants that provides credit that is
merely a formality.
5. Carry out their duties, especially in connection with the provision of appropriate credit approval authority based on
professional, honest, objective, accurate and thorough skills.
Annual Report 2020

Corporate
Governance
IMPLEMENTATION OF DUTIES OF THE CREDIT COMMITTEE IN 2020
Throughout 2020, the Credit Committee has carried out the following duties and authorities:
Credit Approval Authority of Corporation Segment
Credit Committee Maximum Credit Number of Meeting
CC Head Office – 4 (KKP – 4) up to BMPK 37

CC Head Office – 3 (KKP – 3) up to Rp10 trillion 47
CC Division (KKD) up to Rp300 trillion 237
Total 402
Credit Approval Authority of Medium Segment
CC Head Office – 4 (KKP-4) up to BMPK -

CC Head Office – 3 (KKP-3) up to Rp10 trillion -
CC Head Office – 2 (KKP-2) up to Rp2 trillion 1
CC Head Office – 1 (KKP-1) up to Rp750 billion 71
Total 72
Credit Approval Authority of Consumer Segment
Credit Committee of Director Level

• President Director, Vice President Director, Retail Banking Director, Risk > Rp 150 Billion -
Management Director
• Vice President Director, Director of Retail Banking, Risk Management up to Rp 150 Billion -
Director
• Director of Consumer Business and Risk Management Director Rp30 Billion up to Rp75 Billion 1
Total 1
Credit Approval Authority of Bank Financial Institution Segment
CC of the Head Office – 4 (KKP – 4) up to BMPK 1

CC of the Head Office – 2 (KKP – 2) up to House Limit
CC of the Head Office – 1 (KKP – 1) up to Rp 2 trillion 2
CC of Division (KKD) up to Rp 1 trillion 54
Total 57
Annual Report 2020

Credit Approval Authority of Overseas Branch Office Segment
CC Head Office – 4 (KKP – 4) Up to BMPK 1

CC Head Office – 3 (KKP – 3) Up to Rp10 trillion
CC Head Office – 2 (KKP – 2) Up to Rp2 trillion
CC Head Office – 1 (KKP – 1) Up to Rp750 billion 1
CC Division (KKD) Up to Rp300 billion 22
Total 24
INTEGRATED RISK MANAGEMENT COMMITTEE
As the Main Entity, BNI formed an Integrated Risk Management Committee (KMRT), cfm SK Number KP/193/KR/R dated
26 May 2015 which has been updated in accordance with the changes in the organization of the Board of Directors,
cfm. Decree of the Board of Directors Number KP/384/DIR/R dated 9 November 2018, with the following membership
composition:
Structure and Membership of the Integrated Risk Management Committee

In the Company’s structure, the position of the Integrated Risk Management Committee is under the Board of Directors.
The Integrated Risk Management Committee is chaired by the Risk Management Director - BNI as the Director who
oversees the Bank’s Risk Management function. In detail, the composition of the Integrated Risk Management Committee
members is as follows:
No. Composition of Members of Integrated Risk Management (KMRT)
1. Chairman Risk Management Director - BNI as Director supervising the Bank’s Risk Management function.
2. Secretary Head of the Bank’s Risk Management Division – BNI
3. Permanent Member • Director of Finance – BNI
• Director of Compliance - BNI
• Head of Compliance Division– BNI
• Head of Internal Audit Unit – BNI
• Head of Subsidiary Development Division – BNI
• Head of Strategic Planning Division – BNI
• Head of Legal Division – BNI
• Head of Corporate Communications and Secretarial Division– BNI
• Director who supervises Risk Management – BNI Syariah
• Director who supervises Risk Management – BNI Sekuritas
• Director who supervises Risk Management – BNI Life
• Director who supervises Risk Management – BNI Multifinance
• Director who supervises Risk Management – BNI Asset Management
• Head of Division who supervises Risk Management – BNI Syariah
• Head of Division who supervises Risk Management – BNI Sekuritas
• Head of Division who supervises Risk Management – BNI Life
• Head of Division who supervises Risk Management – BNI Multifinance
• Head of Division who supervises Risk Management – BNI Asset Management
4. Non Permanent Member Directors and Heads of Divisions/Units related to meeting materials from both BNI and Subsidiaries.
Annual Report 2020

Corporate
Governance
Profile and Certification of Members of the Integrated Risk Management Committee

The profile and certification of each committee member can be found in the discussion of the Board of Directors’ Profile,
Senior Executive President’s Profile, and Profile of Senior Officers.
Integrated Risk Management Committee Duties and Responsibilities

Duties and Responsibilities of Integrated Risk Management Committee shall be to provide recommendations to Board of
Directors including:
1. Preparation of Integrated Risk Management policy
2. Integrated Risk Management policy repairs or improvements based on evaluation results conglomerate.
3. Determination of methodology and evaluation of integrated risk profile for BNI Financial Conglomerate.
Implementation of the Integrated Risk Management Committee Duties in 2020

During 2020, the Integrated Risk Management Committee held 2 (two) meetings with the following agenda:
No KMRT Date of Implementation Agenda
1 01/2020 07 February 2020 1. Approval of Integrated Risk Profile Self Assessment Results December 31,
2019.
2. Approval of the Integrated Capital Adequacy Requirement (KPMM) Calculation
Results as of December 31, 2019.
3. Approval of the Integrated Risk Appetite Statement Review and Integrated Risk
Limits for 2020.
2 02/2020 August 18, 2020 1. Approval of Integrated Risk Profile Self Assessment Results for position June
30, 2020.
2. Approval of the Integrated Capital Adequacy Requirement (KPMM) Calculation
Results for position June 30, 2020.
3. Approval of the Integrated Risk Appetite Statement Review and Integrated Risk
Limits for 2020.
ASSET & LIABILITY COMMITTEE (ALCO)
The Asset & Liability Committee (ALCO) is a permanent committee at BNI which has the authority and functions:
1. Establish policies and management of BNI assets and liabilities, including managing capital adequacy to cover risks and
support the bank’s business strategy.
2. Determination of policies and management of assets and liabilities which include:
a. Liquidity Management
b. Interest Rate Management
c. Foreign Exchange Management
d. Income and Investment Management (Earning & Investment Management)
The Asset & Liability Committee (ALCO) was restructured based on the Decree of the Board of Directors No. 087/DIR/R
dated 19 February 2020 regarding the Arrangement of the Asset & Liability Committee (ALCO).
Annual Report 2020

Structure and Membership of the Asset and Liability Committee (ALCO)
No. Composition of the Membership of the Asset and Liability Committee (ALCO)
1. Chairman President Director

2. Deputy Chairman President Director
3. Secretary Head of Treasury Division (concurrently as permanent Member)
4. 1. Permanent Member • Director of Treasury & International
• Director of Human Capital & Compliance
• Director of Risk Management
• Director of Finance
• Director of Corporate Business
• Director of Institutional Relations
• Director of MSME & Networks
• Director of MSME Business & Network
• Director of Information Technology and Operations
• SEVP Network
• SEVP Medium Enterprises
• Head of International Division
• Head of Policy Governance Division
• Head of Compliance Division
• Head of Budgeting and Financial Control Division
• Head of the Bank’s Risk Management Division
• Head of Corporate Credit Risk Division
• Head of Medium and Small Business Credit Risk Division
• Head of Consumer Credit Processing and Collection Division
• Head of Strategic Planning Division
• Head of Corporate and Multinational Business Division 1
• Head of Corporate and Multinational Business Division 2
• Head of the SOE Division and Government Institutions
• Head of Institutional Relations Division
• Head of Transactional Banking Services Division
• Head of Medium Enterprises Division
• Head of Small Enterprises Division 1
• Head of Small Enterprises Division 2
• Head of Consumer Product Management Division
• Head of Wealth Management Division
• Head of Corporate Remedial and Recovery Division
• Head of Medium and Small Business Remedial and Recovery Division
• Head of Network Management Division
• Head of Value Chain Management Division
• Head of Syndication Business Unit
2. Non-Permanent Member Division/Unit/Unit Leader related to the meeting material
Annual Report 2020

Corporate
Governance
Duties of Asset and Liability (ALCO) Committee In 2020

Throughout 2020, ALCO held 13 (thirteen) meetings with the following agenda:
No Tanggal Rapat Usulan Agenda Rapat
1 30 Januari 2020 Monitoring on Liquidity and LDR Prognosis

2 19 Maret 2020 • Monitoring on Liquidity and LDR Prognosis
• Relaxation of Stimulus Interest Rates for Debtors Affected by Covid-19
3 24 April 2020 • Monitoring on Liquidity and LDR Prognosis
• Review of Rupiah Time Deposit Rates
4 3 Juni 2020 Monitoring on Liquidity and LDR Prognosis
5 26 Juni 2020 • Monitoring on Liquidity and LDR Prognosis
• Review of Board Rate Deposits in Rupiah
6 28 Juli 2020 • LDR Liquidity and Prognosis Monitoring
• Review of Board Rate for Taplus, Emerald, and Business Savings
7 31 Agustus 2020 • Review of the Board Rate of the BNI Tapenas Rupiah Savings
• Asset & Liability Management Strategy
8 11 September 2020 • Review of BNI Taplus Board Rate
• Strategy for Cost of Fund Efficiency
9 2 Oktober 2020 • Monitoring on Cost of Fund Efficiency Strategies
• Review of Board Rate for USD Deposits
10 16 Oktober 2020 Review of Tiering and Board Rate Deposits Rupiah
11 6 November 2020 • Review of Board Rate Saving & BNI Pandai
12 19 November 2020 Strategy for Cost of Fund Efficiency
13 14 Desember 2020 • Monitoring on Liquidity and LDR Prognosis
Annual Report 2020

RISK MANAGEMENT & ANTI FRAUD COMMITTEE (KRA)
The Risk Management & Anti Fraud Committee (KRA) is a permanent committee at BNI which has the authority and
functions as follow:
1. Determination of policies and risk management in all BNI organizational units, to cover risks and support the bank’s
business strategy.
2. Determination of policies and risk management which include: Credit Risk, Market Risk, Liquidity Risk, Operational
Risk, Legal Risk, Reputation Risk, Strategic Risk and Compliance Risk.
3. Determination of policies and management of anti-fraud strategies in all organizational units.
The Asset & Liability Committee (ALCO) was reorganized based on the Decree of the Board of Directors No 088/DIR/R
dated 19 February 2020 regarding the Structuring of the Capital and Risk Management Committee.
The Risk Management & Anti Fraud Committee has 2 (two) sub committees, namely:
1. Risk Management Sub Committee (RMC).
2. Anti Fraud Sub Committee.
Risk Management & Anti Fraud Committee - Risk Management Sub Committee
(KRA-RMC)
Structure and Membership of Risk Management & Anti Fraud Committee - Risk Management Sub
Committee (RMC)
No. Composition of the Risk Management & Anti Fraud Committee (KRA) - Risk Management Sub Committee

2. Deputy Chairman Vice President Director
Composition of KRA – Risk Management Sub Committee (RMC)
1. Chairman Risk Management Director
2. Secretary Head of the Bank’s Risk Management Division (concurrently as a permanent member)
3. 1. Permanent Member • Director of Finance
• Director of Information Technology & Operations
• Director of MSME and Network Business
• Director of Consumer Business
• Treasury & International Director
• SEVP Remedial and Recovery
• SEVP Network
• Head of Treasury Division
• Head of Corporate Credit Risk Division
• Head of Medium & Small Business Credit Risk Division
• Head of Consumer Credit Processing & Collection Division
• Head of Budgeting & Financial Control Division
• Head of Internal Audit Unit
• Head of Legal Division
• Head of Corporate Communication & Secretarial Division
• Head of Credit Administration Division
• Head of Value Chain Management Unit
2. Non-Permanent Member Director/SEVP/Division/Unit Heads related to the meeting material.
Annual Report 2020

Corporate
Governance
Description of Tasks and Responsibilities of the Risk and Capital Committee Anti Fraud Sub Committee
(KRA-RMC)
The duties and responsibilities of the KRA-RMC are to evaluate and provide recommendations related to Risk Management,
which at least includes:
1. Formulating Risk Management Policies and Strategies and their amendments.
2. Developing Risk Management framework and contingency plans to anticipate abnormal conditions.
3. Improving the Risk Management process periodically as well as incidentally as a result of changes in the Bank’s
external and internal conditions that affect capital adequacy, the Bank’s Risk Profile, and the ineffective implementation
of Risk Management based on evaluation results.
4. Establishing policies and/or business decisions that deviate from normal procedures, such as significant excesses of
business expansion compared to the Bank’s Business Plan that has been previously determined or taking positions/risk
exposures that exceed the predetermined limits.
5. Establishing policies for managing capital adequacy to protect risks and support the Bank’s business strategy, including
measurement, structure (tier 1/tier 2), allocation and contingency plans for capital.
Implementation of Duties of the Risk Management Committee & Anti Fraud Risk Management Sub
Committee (KRA-RMC) in 2020
Throughout 2020, KRA-RMC has held 5 (five) meetings with the following agenda:
No Forum Date Agenda
1 RMC/01 January 17, 2020 • BNI Health Level as of December 31, 2019
• BNI Risk Profile 31 as of December 2019
2 RMC/02 May 8, 2020 Risk Profile of BNI as of March 31, 2020
3 RMC/03 July 24, 2020 • BNI Health Level position June 30, 2020
• BNI Risk Profile as of June 30, 2020
• Review BNI’s 2020 Risk Appetite Statement
4 RMC/04 October 20, 2020 • BNI Risk Profile Position 30 September 2020
• Cascading Risk Appetite Credit Risk (Qualitative)
5 RMC/05 December29, 2020 Review of BNI’s 2021 Risk Appetite Statement
Risk Management & Anti Fraud Committee - Anti Fraud Sub Committee (KRA-KAF)
In accordance with POJK No. 39/POJK.03/2019 dated 19 December 2019 regarding the Implementation of Anti-Fraud
Strategies for Commercial Banks, as a form of commitment to increasing the effectiveness of implementing the Anti-Fraud
Strategy, BNI formed an Anti-Fraud Committee to foster anti-Fraud culture and concern at all levels of the organization.
Structure and Membership of Risk Management & Anti Fraud Committee - Anti Fraud Sub Committee
Based on the Decree of the Board of Directors No. KP/008/DIR/R dated February 19, 2020 regarding the Structuring of
the Capital and Risk Management Committee (KRK), the structure and membership of the Risk Management & Anti Fraud
Committee, Anti Fraud Sub Committee, are as follows.
No. Risk Management & Anti Fraud Committee - Anti Fraud Sub Committee Membership
1. Chairman Director of Human Capital & Compliance

2. Secretary Head of Compliance Division (concurrently Member)
3. Permanent Member • Risk Management Director
• Director of MSME and Network Business
• SEVP Network
• Head of Human Capital Management Division
• Head of Legal Division
• Head of Consumer Credit Processing and Collection Division
4. Non Permanent Member Sector Director/SEVP/Head of Division/Unit/Unit related to the topics covered.
Annual Report 2020

Description of Duties and Responsibilities of the The Anti Fraud Committee (KAF) Meeting in 2020 was held
Risk Management & Anti Fraud Committee - Anti with the following results:
Fraud Sub Committee
The duties and responsibilities of the Anti-Fraud 1. Awareness
Committee are: a. More in-depth anti-fraud socialization and
1. Identify, evaluate and determine follow-up actions for awareness in accordance with the profiling of
fraud that originate from activities/activities in all BNI fraud perpetrators.
work units. b. Spiritual training for all employees.
2. Developing a culture and concern for Anti-Fraud at all c. Mandatory e-learning on Anti Fraud Awareness for
levels of the organization. all employees.
3. Establish anti-fraud policies and strategies. d. Submitting lessons learnt from cases of fraud.
4. Monitor the implementation of Anti-Fraud policies and e. Tips for safe transactions via e-Channel to all BNI
Strategies at BNI and periodically review the impact of customers and cardholders.
implemented policies and strategies.
2. Preventive
In carrying out its duties and responsibilities, the Anti-Fraud a. Every customer who opens a bank account shall
Committee is assisted by the Compliance Division which be completed with his/her photo and signature in
has the following functions: the form of an ESVS which can be stored in the
1. Manage policies and implementation of Anti-Fraud system to be accessed by all frontliners and credit
Strategy in coordination with related units/divisions; units.
2. Reviewing the Anti-Fraud Strategy SOP; b. Changes in parameters/conditions that cause
3. Reporting periodically and incidentally to changes in a dormant account to become active
internal parties (President Director and Board of and the authority to activate a dormant account,
Commissioners) and external parties (Financial so that activation of a dormant account can be
Services Authority) regarding the Anti-Fraud Strategy; immediately monitored.
4. As liaison for data and reporting to other Divisions/ c. The addition of a passbook numerator in the
Units as well as to external parties regarding the Anti- iCons system, so that when the savings book is
Fraud Strategy and managing the data base related to replaced or published, the historical of the savings
Fraud in BNI; book can be seen immediately.
5. Monitor the initiation and implementation of the Anti- d. Inputting the Debit Card PIN at PINPAD without
Fraud Strategy and its improvements. swiping the card for debit card replacement
transactions without having to carry a passbook
Implementation of Duties of The Risk Management and non-pinpad transactions at the Teller.
& Anti Fraud Committee - Sub Committee Anti e. Publishing a CS/Supervisor Journal, so that CS/
Fraud in 2020 Supervisor activities can be monitored through
The Anti Fraud Committee (KAF) Meeting in 2020 was held CMOD.
with the following corrective action results: f. Transaction normalization (transaction authority
1. Strengthening the implementation of Know Your and PINPAD loss), which will be developed with
Employee (KYE) the SSO (single sign on) module.
2. Reviewing the audit scope of the Dedicated Auditor g. Conduct more intensive monitoring for areas
3. Conducted study of remote branches where ATM management is still in branches and
4. Conducted study on the improvement of the Real compile standard mitigation for ATMs that have
Time Gross Settlement (RTGS) business process not been managed by the vendor.
5. Prepared cash ceiling alert tools h. Installation of online/live CCTV in high risk
6. Improvement related to internal control in Branch locations.
Offices
7. Improvement of Information Technology (IT) related to 3. Action
Branch Office operations a. Bulk Force PIN implementation.
8. Used external consultants/auditors to review the b. Optimizing the use of the CMOD report
internal control process (exception report).
9. Implementation of certification for frontliners c. Implementing the organizational structure of
credit administration at branch offices and credit
centers and enhancing the competence of credit
administration officers.
Annual Report 2020

Corporate
Governance
d. Bina BNI reviews for credit administration and customer service positions including matters of authority and career
path.
e. Affirmation of the four eyes principle for credit card applications.
f. Increased use of mobile banking by customers.
g. Ensure that the PKS with BNI Life has a compensation clause for fraud incidents.
h. Confirmation of responsibility/guarantee regarding anti-skimming devices from ATM machine vendors.
i. Trial the regular roaming debit and force pin program for BNI employees.
PRODUCT COMMITTEE
The Product Committee (PRC) is a means for managing policies and monitoring products/activities at BNI to ensure its
success in creating maximum profits. The Product Committee was formed based on the Decree of the Board of Directors
No. KP/448/DIR/R dated September 20, 2012, there was a change in the membership of the PRC with cfm. REN Memo No.
REN/2/1397 dated 21 November 2018 regarding Change of Product Committee Membership and made changes again with
cfm. REN Memo No. REN/2/819 dated 9 July 2020 regarding Updating Membership Product Committee.
Product Committee Structure and Membership
No. Composition of Product Committee

2. Deputy Head Accredited as Vice President Director
Permanent Member
3. Permanent Member • Director of Finance
• Network and Service Director
• Director of Risk Management
• Director of Information Technology and Operations
• Director of Human Capital and Compliance
• Head of the Governance Policy Division
• Head of the Division of Budgeting and Financial Control
• Head of Consumer Credit Processing and Billing Division
• Head of the Information Technology Solution and Security Division
• Head of Operations Division
• Head of the Legal Division
4. Non Permanent Member Members of the Board of Directors/SEVP who act as Director/SEVP Sponsor, Head of Division/Unit/
Unit related to the topics discussed
5. Secretary Head of the Strategic Planning Division
Profile and Certification of Product Committee Members

The profile and certification of each committee member can be found in the discussion of the Directors’ Profile and the
Senior Executive President’s Profile.
Description of Duties and Responsibilities of the Product Committee

The duties and responsibilities of the Product Committee include:
1. Establish a strategy for business scale and development through BNI products/activities.
2. Conduct comprehensive testing and decide on the “feasibility” of new products/activities, especially related to cross-
sectoral/segment alliances and strategic alliances with subsidiaries/other companies outside BNI by inviting relevant
Sector Directors.
3. Conduct monitoring on products/activities implemented at BNI and made decisions on the sustainability of products/
activities on the recommendation of the Supporting Staff Group/product owner.
4. As an arbitration institution in cross-cutting issues related to Performance Management System (PMS) in implementing
new products/activities.
Annual Report 2020

Implementation of Duties and Frequencies of Product Committee Meetings

During 2020, the Product Committee held 2 (two) meetings with the following agenda:
No. Date of Meeting Proposed Meeting Agenda
1. June 5, 2020 Discussion of New Products and Activities of the 2020 RBB Revision
2. October 27, 2020 Discussion on Proposed New Products and Activities for the 2021 RBB
PERFORMANCE MANAGEMENT COMMITTEE
Performance Management Committee (PMC) shall be a permanent committee in BNI as a forum for policy management,
budget monitoring and expediting the process of performance management in BNI to ensure alignment of strategic
planning, facilitating the process of setting targets and performance assessment in accordance with Decree of Board of
Directors No. KP/353/DIR/R dated June 21, 2017 regarding Performance Management Committee (PMC).
Structure and Membership of the Performance Management Committee
No. Performance Management Committee Membership

2. Deputy Head Accredited as Vice President Director
Permanent Member
3. Permanent Members • All Members of Board of Directors and SEVP
• Head of Division of Budgeting and Financial Control
• Head of Human Capital Division
• Head of Data Management Division
• Head of SOE Division & Government Institutions
• Head of Small Business Division
• Head of Division of Institutional Relations
• Head of Treasury Division
• Head of E-Banking Division
4. Non-Permanent Members Division/Unit Head related to the topics covered
5. Secretary 1 Division Head Budgeting and Financial Control
(Target Setting)
6. Secretary 2 Division Head Strategic Financial Planning
(Strategic Planning)
7. Supporting Staff Group • Group Leader Company Budget - Budgeting and Financial Control Division
• Group Leader Financial Performance Analysis - Budgeting and Financial Control Division
• Group Leader Strategic Planning - Strategic Planning Division
• Group Leader Work Management System - Strategic Planning Division
• Group Leader Business Performance Monitoring - Network Management Division
• Group Leader Job Profile and Individual Performance - Human Capital Division
• Group Leader Planning and Development - Internal Audit Unit
• Group Leader Liaison & Data Quality - Data Management Division
Profile and Certification of Members of the Performance Management Committee

Profile of the Senior Executive President and the Profile of Executive Officers.
Annual Report 2020

Corporate
Governance
Performance Management Committee Performance Assessment

Duties an Responsibilities 1. Review and approve KPI at the sector level.
Performance Management Committee Duties include: 2. Review and make BNI KPI recommendations
3. Provide recommendations to sectors and divisions
Target Setting during the process of determining and decreasing KPIs
1. Approve and establish an annual schedule and and targets.
responsible for planning and budgeting. 4. Review the Performance Management process on an
2. Supervise and monitor the planning and budgeting ongoing basis/suggest policy initiatives/amendments
activities development. to improve efficiency.
3. Decide CAPEX proposals with certain criteria 5. Provide KPI Business Unit & Functional Unit design
(business cases). insight.
6. Review and decide on PMS scores (Q1, Q2 and Q3)
Strategic Planning 7. Review the feedback from the Sector Director and
1. Review and ensure alignment between RBB, provide PM4 Q4 insight score before being cut in the
Corporate Plan and budgets, and recommend PMC Forum.
adjustments as needed.
2. Review and approve recommended targets/budget
adjustments (forecasting) and recommend RBB/ Implementation of Duties and Frequencies
Corporate Plan changes if necessary as arbitrator on of Performance Management Committee
issues related to performance measurement. Meetings
During 2020, the Performance Management Committee
held 2 (two) Performance Management Committee
Meetings, with the agenda:
No. Date Agenda
1. January 13, 2020 Finalization of PMS 2019 KPI for BOD, Division/Unit
2. January 14, 2020 Finalization of PMS 2019 KPI for BOD, Division/Unit
3. August 19, 2020 PMS finalization for Q2 2020
4. December 23, 2020 Approvals for Collegiate and Individual BOD KPIs for 2020 & 2021
TECHNOLOGY MANAGEMENT COMMITTEE
The Technology Management Committee is one of the permanent committees in BNI that has the authority as an
Information Technology Steering Committee (IT Steering Committee) in providing recommendations to the Board of
Directors regarding the formulation, determination of policies and strategies for BNI’s information technology development.
This committee was formed with the aim of assisting the Board of Commissioners and Board of Directors in carrying out
oversight of Information Technology (IT) activities.
The Technology Management Committee was formed based on Directors Decree No. KP/201/DIR/R dated June 14, 2011
regarding the Management of Technology Management Committee which was updated through the Strategic Planning
Division Memo No. REN/2/794 dated 02 July 2020 concerning Changes in Membership of the Committee.
Annual Report 2020

Structure and Membership of the Technology Management Committee
No. Technology Management Committee Membership
1. Chairman Director of Information Technology & Operations

2. Deputy Head Accredited as Director of Consumer Business
Permanent Member
3. Permanent Members • Director of Services & Networks
• Director of Human Capital & Compliance
• Risk Management Director
• Head of Information Technology Solutions Division
• Head of Information Technology Operations Division
• Head of Data Management & Analytics Division
• Head of Card Business Division
• Head of E-Banking Division
• Head of International Division
• Head of Transactional Banking Services Division
• Head of Budgeting & Financial Control Division
• Head of Digital Operations Division
• Head of Operations Division
• Head of Asset Management & Procurement Division
• Head of Value Chain Management Unit
• Head of Information Security Unit
4. Non-Permanent Members Board of Directors, Head, Division/Unit and Subsidiary’s related to the topics covered
5. Secretary Division Head Solution & IT Security
6. Supporting Staff Group Related Division
Description of Duties and Responsibilities of the Technology Management Committee

The duties and responsibilities of the Technology Management Committee consist of various fields, namely:
1. IT Policy Formulation
a. Provide recommendations to Board of Directors regarding key IT policies and procedures, specifically related to
aspects of developing and procuring IT systems, IT and communication network operational activities, information
security, end user computing, e-banking activities, use of IT service providers, and policies and procedures related
to application of risk management to the use of BNI IT.
b. Review and approval of IT budget and information security recommendations.
c. Determine and evaluate IT Governance.
2. IT and Business Strategy Alignment

a. Provide recommendations to Board of Directors regarding the Information Technology Strategic Plan (ITSP) in
accordance with BNI’s strategic business plan, by considering efficiency, effectiveness and roadmap, resources
needed, as well as cost and benefit which will be obtained when the plan is implemented.
b. Evaluate and recommend the suitability of projects approved with the IT Strategic Plan.
c. Establish the priority status of IT projects that are critical and have a significant impact on BNI’s operational
activities.
d. Evaluate the suitability of IT with the needs of management information systems that support the management of
BNI’s business activities
Annual Report 2020

Corporate
Governance
3. IT Risk Management
a. Provide recommendations to Board of Directors regarding the formulation of key IT policies and procedures,
specifically related to aspects of the development and procurement of IT systems, IT and communication network
operational activities, information security, end user computing, e-banking activities, use of IT service providers. As
well as policies and procedures related to the application of risk management to the use of BNI’s IT.
b. Ensure the effectiveness of risk minimization measures for BNI investments in the IT sector so that these
investments can contribute to achieving BNI’s business objectives.
c. Facilitate relations between Divisions/Units to resolve various IT related problems.
4. IT Performance Measurement and Evaluation

a. Conduct analysis and recommendations on the suitability of implementation of IT projects with project charter in a
service level agreement (SLA).
b. Monitor IT performance and improvement efforts.
Implementation of Duties and Frequencies of Technology Management Committee

Meetings
Throughout 2020, the Technology Management Committee has held 1 (one) meetings with the following agenda:
No. Date Agenda
1. 20 October 2020 • Portfolio, Audit & IT Capex Projects

• Agile Development Implementation Strategy
• Digital Platform Development Plan
• IT Risk Mitigation & Operational
• Infrastructure & Operations
CREDIT & BUSINESS POLICY COMMITTEE
The Credit and Business Policy Committee is a permanent committee in BNI which includes the Credit Policy Sub
Committee (KKP) and the Credit Procedure Sub Committee (KPP). Credit and Business Policy Committee (KKP) was formed
based on Memo REN No. REN/2/828 dated 13 July 2020.
The Credit and Business Policy Committee is chaired by the President Director. In the structure of the Bank, the Procedure
& Credit Policy Committee is under the Board of Directors.
Procedure & Credit Policy Committee Membership
No. Credit & Business Policy Committee (KRB) Membership

2. Deputy Chairman Vice President Director
Annual Report 2020

a. Structure and Membership of Credit Policy Sub Committee (KKP)
No. Credit Policy Sub Committee Membership (KKP)
1. Chairman Director of Human Capital & Compliance

2. Secretary Head of Policy Governance Division
3. Permanent Members • Director of Corporate Business
• Director of MSME Business & Networking
• SEVP Credit Rescue & Settlement
4. Non-Permanent Members Director/SEVP/Division/Unit Heads related to the topics covered
b. Structure and Membership of Credit Procedure Sub Committee (KPP)
No. Credit Procedure Sub Committee (KKP) Membership
1. Chairman Director of Human Capital and Compliance

2. Secretary Head of Governance Policies Division
3. Permanent Members • Director of Corporate Business (specifically related to Corporate segment)
• Director of Consumer Business (specifically related to Consumer segment)
• Director of MSME Business & Network (specifically related to Medium & Small Business
segment)
• Director of Information Technology & Operations (specifically for material related to Credit
Operations)
• Treasury & International Director (especially for Treasury & International Business related
material)
• SEVP Credit Rescue and Settlement (specifically for materials related to credit rescue and
settlement)
4. Non-Permanent Members Director/SEVP/Division/Unit Leader related to the topics covered
c. Structure and Membership of Business Sub Committee (KBI)
No. Business Sub Committee (KBI) Membership
1. Chairman Director of Corporate Business/Director of Institutional Relations*)

2. Secretary Head of Value Chain Management Unit
3. Permanent Member • Director of Corporate Business/Director of Institutional Relations *)
• MSME Business Director
• Director of Services and Networks
• SEVP Business Network Optimization
• Head of Corporate & Multinational Business Division 1 (LMC1)/Corporate & Multinational
Business Division 2 (LMC2)/BUMN & Government Institution Division (BIN)/Institutional
Relations Division (HLB) (adjusted to the Customer Service Tean (CST) customer division will
be discussed in the Committee)
• Treasury Division Leader
• Client Service Team (CST) Leader
• Heads of Divisions/Business Units involved in material and/or Resolution in Committee
meetings.
4. Non-Permanent Members Director/SEVP/Division/Unit Heads related to the topics covered or resolution in the Committee
meeting.
Annual Report 2020

Corporate
Governance
Profile and Certification of Credit and 7. Formulate and recommend measures to perfect
Business Policy Committee Members the implementation of Bank Credit activities.
The profile and certification of each committee member
can be found in the discussion of the Board of Directors’ B. Credit Procedure Sub Committee (KKP)
Profile and the Senior Executive President’s Profile. Duties and responsibilities of Credit Procedure sub
committee are as follows:
Description of Assignments and 1. Establish procedures and operational Credit
Responsibilities of The Credit and provisions.
Business Policy Committee 2. Establish Lending Model.
Lending Model is operating policies and
A. Credit Policy Sub Committee (KKP) procedures related to specific credit financing
The duties and responsibilities of the Credit Policy and schemes with the terms and conditions specially
Procedures Committee shall be as follows: adapted to the market segment, industry or area
1. Establish Bank Credit Policy (KPB) particularly of interest with regard to prudential banking
with regard to formulation of the precautionary principles and good corporate governance.
principle in credit subject to the approval of Board 3. Establishing operational procedures and
of Commissioners. provisions for Treasury and International Business/
2. Establish Treasury and International Business/ Financial Institutions
Financial Institution Policies, especially with 4. Deliver Credit Procedure Sub-Committee’s
regard to the formulation of the precautionary decision reports periodically to the Credit Policy
principle. and Procedures Committee.
3. Supervise so that such KPB can be applied and
enforced consequently and consistently and do C. Business Sub Committee (KBI)
a review if there are barriers/obstacles in the
implementation of KPB. Decision-Making
4. Conduct periodic review on the maximum
period of three 3 (three) years of the KPB and if A. Credit Policy Sub Committee On (KKP)
necessary set changes/improvements to KPB. 1. Meeting decisions are made based on deliberation
5. Monitor and evaluate: to reach consensus
a. Development and overall quality of credit 2. In the event that a decision is not made based on
portfolio. deliberation and consensus, the decision shall be
b. Improve implementation of loan approval made by voting.
authority. 3. Voting is valid if:
c. Improve granting process, development and a. More than 1/2 members of the Credit Policy
quality of loans granted to parties related to Sub Committee who are members of the
the Bank and certain large debtors. Board of Directors; and
d. Improve implementation of BMPK, b. More than 1/2 members of the other Credit
Good Corporate Governance and Risk Policy Sub-Committee who have voting rights
Management. agree and the Meeting meets the quorum
e. Adherence to legislation and other
regulations provisions in the implementation B. Sub Committee for Credit Procedures (KPP)
of credit provision. 1. The Credit Procedure Sub Committee has
f. Settlement of non-performing loans as the right to make decisions in which there is
stipulated in the KPB a Director in charge of the policy governance
g. Bank’s efforts in meeting the adequacy of function (Human Capital & Compliance Director),
allowance for credits. a Director in charge of the business risk function
6. Deliver periodic written reports to Board of (Risk Management Director), as well as a Field
Commissioners, on the results of monitoring the Director related to the proposed material.
application and implementation of KPB and the
results of monitoring and evaluating of matters
referred to in point 4 above.
Annual Report 2020

2. The Chairperson on the recommendation from PGV and/or input from other members of the Credit Procedure Sub
Committee may determine other ways of making decisions
3. The decision of the Credit Procedure Sub Committee is valid if it is approved by all Committee members
(dissenting opinions are not allowed)
C. Business Sub Committee (KBI)
Implementation of Duties and Frequency Meeting of The 2020 Credit Policy and
Procedures Committee
Throughout 2020, the Credit Policy and Procedure Committee held 22 (twenty two) meetings with the following agenda:
No Date Agenda
1 April 16, 2020 Review of Credit Insurance Closure for facilities financed with APBN funds in the framework of the State
Treasury and Budget System (SPAN)
2 17 April 2020 BNI Flexion pre-retirement combo
3 28 April 2020 Determination of Interest Rates (PSB) in the Context of Providing a Stimulus Scheme for Covid-19
Affected Debtors
4 August 18, 2020 Distribution of Liquidity Buffer Funds to Implementing Banks during the Covid-19 Pandemic
5 August 19, 2020 Review of Authority to Decide Credit Restructuring for Loan-at-Risk (LaR) Debtors
6 4 November 2020 Review of Authority to Decide Loans for Medium & Small Segments
HUMAN CAPITAL COMMITTEE 4. Decide on the approval for administrative sanctions for
The Human Capital Committee is a permanent committee the positions of Division Head and Regional Head
in BNI, staffed by all members of the Board of Directors 5. Approve the delegation of authority in human resource
and several Division Heads, with the following powers: management Human Resources
1. Decide on policies/regulations in the field human
resource management related: Human Resource Committee is established based on
• Planning Officer Board of Directors Decree No. KP/235/DIR/R dated
• Recruitment and Selection July 18, 2011 concerning Amendment Human Capital
• Training and Competence Development Committee. With the issuance of this Decree, Board of
• Employee Performance Assessment Directors Decree No. KP/078/DIR/R dated February 9,
• Career Path and Succession 2004 concerning Human Capital Committee and Board of
• Remuneration Directors Decree No. KP/637/DIR/R dated October 5, 2004
• Industrial relations concerning the Disciplinary Committee are no longer valid.
• Work culture
2. Decide on approval for the realignment/promotion
program for the positions of Division Head and Region
Head
3. Evaluate the performance of Division Head and
Regional Head
Annual Report 2020

Corporate
Governance
STRUCTURE AND MEMBERSHIP OF THE HUMAN RESOURCE COMMITTEE
No. Human Resource Committee Membership

2. Permanent Member • Director supervising Human Capital Division (concurrently Chairperson) *)
• Director supervising Compliance Division *)
3. Non-Permanent Members Segment Director and/or Supervising Officer Division/Unit (if there is no Segment Director) related to
meeting material *)
4. Secretary Division Head Human Capital (HCT)
*) In the absence of a Director’s position, the position is replaced by the SEVP or the Supervising Officer Division/Unit related to meeting.
Profile and Certification of Members of the Human Resources Committee

Senior Executive President’s Profile.
Human Capital Committee Duties and Responsibilities

The Human Capital Committee duties and responsibilities are as follows:
1. Ensure that policies/provisions in the field of human capital are consistent and aligned with strategic policy planning.
The human capital policies/provisions include Human Capital management, Remuneration System management and
Reward and Punishment mechanisms for all BNI employees.
2. Ensure the availability of qualified human resources and placing them in the right positions to support the leadership
positions including Division Head and Regional Head.
3. Evaluate the performance of the labor force Division Head.
4. Ensure that the delegation of authority in the field of human resource management is in accordance with the needs
and purposes.
Team under the Human Resources Committee

Human Resource Management System Policy Formulation and Assessment Team
No. Team Under the Human Resources Committee Membership
1. Chairman Division Head Human Capital (HCT)

2. Permanent Member • Division Head Strategic Planning (REN) (concurrently Chairperson)
• Division Head Compliance (KPN)
3. Non Permanent Member Board of Directors, Head, Division/Unit related to the topics covered *)
4. Secretary Division Head Human Capital (HCT) related to the topics covered (Not Concurrently Chairperson)
Annual Report 2020

Team of Policy Assessment and Formulation for Human Capital Management System Duties and Responsibilities include:
1. Manage the research, assessment and evaluation of the effectiveness and quality as well as recommend proposed
changes/improve operational policies and mechanisms for policies related to human capital management:
• Employee planning
• Recruitment & selection
• Training and competence development
• Employee performance assessment
• Career paths and succession
• Remuneration
• Industrial relations
• Corporate Culture
2. Managing the proposed delegation of authority in human capital management.
Advisory Team for Management Realignment
No. Advisory Team For Management Realignment Membership
1. Chairman Division Head Human Capital (HCT)

2. Permanent Member • Director supervising Human Capital Division (concurrently Chairperson)
• Head of Division/Unit related to the topics covered
3. Secretary Division Head Human Capital (HCT) related to the topics covered (Not Concurrently Chairperson)
Duties and Responsibilities of the Leadership Transfer Advisory Team, namely managing planning and candidate search
activities based on predetermined conditions and recommending the relevant candidates to be transferred/promoted as
leadership staff.
Annual Report 2020

Corporate
Governance
Administrative Sanction Consideration Team
Head Office
No. Advisory Team for Administrative Sanctions Membership
1. Chairman Division Head Human Capital (HCT) (Concurrently Member)

2. Member • Division Head Compliance (KPN)
• Division Head Legal (HUK)
• Head of Division/Unit related to events/cases or their representatives
3. Secretary Head of Internal Audit (SPI) (Not Concurrently Member)
Regional Office
No. Advisory Team for Administrative Sanctions Membership
1. Chairman CEO Region

2. Member • Deputy Head of Territory who supervises the incident/case occurrence unit
• One other person Deputy Head of Region who is appointed by the CEO of the Region
• Head of Division/Unit related to events/cases or their proxies
3. Secretary Head of Regional Internal Control (Not Concurrently Member)
Duties and Responsibilities of the Advisory Team For Administrative Sanctions, namely Managing the analysis and
assessment activities on the recommendations of administrative sanctions received from the case processing division to
then recommend to the decision maker or provide an administrative sanction verdict against the employee related to the
case in accordance with the applicable authority matrix.
Implementation of the Duties of the Human Resources Committee 2020

During 2020, the Human Resource Management Policy Assessment and Formulation Team has conducted 3 (three)
meetings, the Advisory Team For Management Realignment (TPMTP) has scheduled meetings regularly 1 (one) time a
week to discuss the transfer of Branch Office staff, The Center. Meanwhile, the decision to transfer the positions of CEO of
GM and CEO of Region has been made through the Board of Directors Meetings totaling 5 (five) meetings. Meanwhile, the
Administrative Sanctions Advisory Team has conducted 7 (seven) discussion meetings
Annual Report 2020

Internal Audit Unit
The Internal Control System at BNI has been carried out effectively and efficiently through the separation of functions
between the Risk Taking Unit (1st Line of Defense) and the Risk Control Unit (2nd Line of Defense) and the Risk Assurance
Unit (3rd Line of Defense).
The activities carried out by SAI include the implementation of assurance and consultation aimed at improving the quality
and effectiveness of risk management as well as the adequacy and effectiveness of internal control, including ensuring
the quality of performance achievement. The implementation of the Assurance Function includes the implementation of a
Risk Based Audit audit based on the results of the analysis of the risk assessment and the strengthening of the Dedicated
Auditor to be able to detect irregularities/fraud early so that it can function as an early warning system.
The consultation function is carried out both formally and informally, among others, by conducting independent reviews of
new product launches (in accordance with FSA regulations) and special assignments upon request from the Management
or at the initiative of IAU. On the other hand, SAI continues to improve its audit methodology and tools so that the audit
is in line with business developments. In addition, in connection with the implementation of POJK No. 1/POJK.03/2019
concerning the Implementation of the Internal Audit Function for Commercial Banks and POJK No.18/POJK.03/2014 and
SEOJK No.15/SEOJK.03/2015 concerning the Implementation of Integrated Governance for Financial Conglomerates, the
functions of the Internal Audit Work Unit Integrated is implemented by IAU.
Regarding this role, IAU routinely establishes communication and coordination with the Subsidiary’s Internal Audit Unit,
among others through joint communication forums, implementation of knowledge sharing on audit methodologies and
integrated audit planning, implementation and reporting to support the implementation of integrated governance for the BNI
financial conglomerate.
POSITION OF THE INTERNAL AUDIT UNIT
The position of IAU in the BNI organization is directly under the President Director and in dotted line to the Board of
Commissioners/Audit Committee, as stipulated in the Decree of the Board of Directors No. KP/3990/DIR/R dated November
24, 2020 concerning the Organizational Structuring of the BNI Board of Directors and the Decree of the Board of Directors
No. KP/037/DIR/R dated January 24, 2019 concerning the Organizational Structuring of the Internal Control Unit.
The Head of IAU is appointed and dismissed by the President Director upon approval from the Board of Commissioners
by considering the recommendations of the Audit Committee and reported to the Financial Services Authority (OJK). The
President Director may dismiss the Head of IAU after obtaining approval from the Board of Commissioners by considering
the recommendations of the Audit Committee, if the IAU Leader failed to meet the requirements to head the BNI internal
audit function as stipulated in the applicable regulations and/or fails or is incapable of performing his duties.
Annual Report 2020

Corporate
Governance
INTERNAL AUDIT UNIT ORGANIZATION STRUCTURE
President Director
Director of
Audit Committee
Compliance
Head of IAU
Head of Banking Head of

Head of
& Functional Consumer & IT
Area Audit
Business Audit Business Audit
Head of Head of Head of Head of

Head of Head of Head of
Banking Consumer Planning & Quality Control
Area Audit Surveillance Investigative
Business Business Development Group
Group Group Audit Group
Audit Group Audit Group Group
Head of
International
Head of Business Head of
Regional Audit, IT Operational
Audit Group Treasury & Audit Group
Subsidiaries
Group
Head of Head of
Functional IT Strategy
Group Audit Audit Group
Head of Audit
Support
Group &
External
Relations
Annual Report 2020

Internal Audit Unit
HEAD OF INTERNAL AUDIT UNIT PROFILE
Fauzi
Head of Internal Audit Unit
Currently 53 years old. Obtained a Bachelor’s degree in Development Economics from Universitas Andalas. Serving as Head
of Internal Audit Unit based on Board of Directors Decree No. KP/379/DIR/R dated September 13, 2019.
He started his career at BNI in 1994 in branch operations so that he has a lot of experience in banking operations. His
previous positions are Head of Banking Operation Division (June 2014 - April 2016), CEO of Bandung Regional Office (May
2016 - March 2018), Head of Channel Management Division (April 2018 - June 2019). For this experience, in September
2019, he has appointed as Executive Vice President of the Internal Audit Unit.
head of INTERNAL AUDIT UNIT COMPETENCY DEVELOPMENT
Competency Development/Training Materials Organizer Date
Fauzi
Internal Audit Unit
Online Training
Refreshing for Auditor In House Training - BCV 06 - 15 January 2020
Mandatory e-Learning related: In House Training - BCV 05 May 2020
• Anti Money Laundering
• Good Corporate Governance
• Risk Culture
• Sustainability Finance
Training for Online Trainer In House Training - BCV August 3, 2020
Leadership Series Sharing Session - Strategic Orientation In House Training - BCV 27-28 October 2020
Leadership Series Sharing Session - Visionary Leadership In House Training - BCV 06 - 07 November 2020
Leadership Series Sharing Session - Innovation Day 1 In House Training - BCV 13 - 24 November 2020
Leadership Series Sharing Session - Change Leadership In House Training - BCV 20 - 21 November 2020
Webinar/Online Workshop
Economic Outlook Update “Economy Development Post Q1 2020- External Training Treasury Research May 8, 2020
1st Race Against The Pandemic” Analyst
BNI Corpu - Managing Performance In House Training - BCV May 15, 2020
BNI Corpu - BNI Sharing Session In House Training - BCV June 4, 2020
BNI Corpu - Anti-Bribery Commitment In House Training - BCV June 24, 2020
Digital Transformation Mindset Learning Agility Mindset In House Training - BCV July 8, 2020
Digital Transformation Mindset Data Influence In House Training - BCV External June 3, 2020
Training (Mars Digital)
GCG socialization on “Successfully implementing GCG in the New In House Training - BCV External 27 - 30 July 2020
Normal era” Training (The IICG, Training Zen)
Market Outlook 2021- Resilience To Counter Economic Turbulence External Training (BKPM, BNI Asset 17 - 19 November 2020
Management, LPPS)
Zoominar on Job Creation Law In House Training - BCV October 13, 2020
Annual Report 2020

Corporate
Governance
INTERNAL AUDIT UNIT CHARTER 6. Carrying out follow-up monitoring of audit results
as well as periodically submit a Pending Follow-up
IAU has an Internal Audit Charter established by the Report on Audit Results to the President Director and
President Director and Board of Commissioners, through the Board of Commissioners with copies to the Audit
Board of Directors Decree of KP/217/DIR/R dated May Committee, as well as the Director in charge of the
29, 2019. The Internal Audit Charter is prepared using Compliance function periodically; and
based on Financial Services Authority Regulation No. 1/ 7. Conducting an in-depth audit at the request of the
POJK.03/2019 concerning the Implementation of the Board of Directors and/or Commissioners, or as a
Internal Audit Function in Commercial Banks and the follow-up to the results of a general audit of an object
applicable auditing professional standards. or event that is suspected to contain indications of
violation and/or fraud if necessary.
The Internal Audit Charter contains IAU’s Vision
and Mission, Structure and Position, Duties and In addition, the duties and responsibilities of the Head of
Responsibilities, Powers, Code of Conduct, Independence IAU is as follows:
and Objectivity, Aim and Scope of Activities, Auditor 1. Ensuring the implementation of the internal audit
Requirements and Development, Audit Risk and Legal function is in accordance with the Internal Audit
Protection for Head and Auditor, Quality Control Audit Function Implementation in Commercial Banks and
Program, IAU Function in Integrated Governance and IAU the Internal Audit Code of Ethics;
Relations with the external auditor. 2. Allocating audit resources, determining the objectives,
scope, and plan or schedule and audit techniques;
3. Determine strategies, methodologies, tools,
DUTIES AND RESPONSIBILITIES FOR audit approaches as well as implementation of
INTERNAL AUDIT UNIT quality control in carrying out predetermined main
tasks, including subsidiaries/affiliates/financial
The implementation of the internal audit function as service institutions owned by BNI, relating to the
stipulated in the Financial Services Authority Regulation implementation of audits and consultations;
concerning the Implementation of the Internal Audit 4. Ensure that IAU Auditors follow continuous
Function at Commercial Banks is the responsibility of the professional development and adequate training
Board of Directors, the Board of Commissioners, the Audit in their fields in order to keep abreast of company
Committee and the Internal Audit Unit, as follows: developments;
1. Assisting the President Director and the Board 5. Prepare and review the internal audit charter
of Commissioners in conducting supervision by periodically;
describing the planning, implementation and 6. Preparing the Annual Audit Plan and Annual
monitoring of audit results in operational terms; Consultation along with the budget allocation
2. Examining and assessing the efficiency and approved by the President Director and the Board of
effectiveness of finance, accounting, operations, Commissioners by considering the recommendations
human resources, marketing, information technology of the Audit Committee and monitoring the realization
and other activities through audits; of its implementation;
3. Identifying all possibilities to improve and increase the 7. Report immediately any audit findings that are thought
efficiency of the use of resources and funds; to interfere with BNI’s business continuity to the
4. Providing recommendations for improvements and President Director and the Board of Commissioners,
objective information on the results of the examination with copies to the Audit Committee and the director
in the form of an Audit Report and submit the in charge of the compliance function, as well as
report to the President Director and the Board of monitoring the follow-up;
Commissioners with copies to the Audit Committee 8. Carry out follow-up monitoring of audit results as well
and the Director in charge of the Compliance function; as periodically submit a Pending Follow-up Report on
5. Providing consulting services to BNI internal parties to Audit Results to the President Director and the Board
provide added value and improvement to the quality of of Commissioners; and
control, risk management, and corporate governance 9. Ensure that the use of external party services is
as long as it does not affect the independence and only temporary in nature so as not to affect the
objectivity of the IAU, and adequate resources are independence and objectivity of the IAU function, and
available; is in accordance with the BNI internal audit charter.
Annual Report 2020

Internal Audit Unit
AUTHORITY OF THE INTERNAL AUDIT c. Always using professional judgment in carrying

UNIT out duties in any conditions and situations;
d. Revealing all known facts.
In order to carry out the duties and responsibilities with
optimal results, IAU is authorized to: 3. Confidentiality
1. Having a full, free and unlimited access to BNI a. Being careful in using and maintaining information
records, information, employees, funds, assets, obtained in duty implementation;
locations/areas, and other resources, including BNI’s b. Not using information for the benefit of anyone
subsidiaries/affiliates/financial service institutions, and/or in any way that would conflict with the law
relating to the implementation of audits and and/or Company provisions.
consultation;
2. Conducting verification, interviews, confirmations, 4. Competence
and other audit techniques to customers or other a. Carrying out duties in accordance with the
parties related to the implementation of audits and knowledge, skills, and experience possessed;
consultations; b. Carrying out audits in accordance with the
3. Communicating directly with the Board of Directors, Standards for Implementation of the Bank’s
Board of Commissioners and Audit Committee; Internal Audit Function and/or other applicable
4. Conducting regular and incidental meetings with the audit standards; and
Board of Directors, the Board of Commissioners and c. Improving competence continuously.
the Audit Committee;
5. Attending strategic meetings; 5. Independence
6. Requesting assistance from other work units or use Head and employees of IAU are not allowed to:
the services of external parties in conducting audits if a. Have the authority and responsibility or be
deemed necessary; and involved/carry out operational activities of BNI
7. Coordinating and building synergistic relationships with or its subsidiaries/affiliates/financial service
other assurance units/functions (compliance unit and institutions owned by BNI;
risk management) in order to obtain comprehensive b. Serving dual duties and positions with the
and optimal audit results. implementation of bank operational activities
including in the subsidiaries/affiliates/financial
service institutions owned by BNI;
CODE OF ETHICS OF AUDITOR c. Taking the initiative and approving accounting
transactions, except for internal transactions of
IAU auditors shall implement and uphold the following IAU; and
code of ethics: d. Involving in making decisions on BNI operational
1. Integrity activities.
a. Carrying out the duties honestly, diligently, and
responsibly; 6. Policy of cooling-off period
b. Complying with the law and making disclosures in The Internal Audit Unit has provisions for auditors
accordance with the laws and regulations and the and Head of IAU that regulate the implementation
profession; of audit assignments in order to maintain objectivity
c. Not intentionally/consciously involved in and avoid conflicts of interest regarding the object of
prohibited/illegal activities, not taking actions that audit, among others, in the form of a cooling-off period
can damage IAU’s credibility and internal audit policy.
profession;
d. Supporting goals of BNI and IAU. In this connection, the internal auditor is not involved
in an audit assignment on an audit object/auditee, if
2. Objectivity there are any of the following:
a. Not involved in activities or having a relationship a. There are employees in the auditee unit who have
that will cause a conflict of interest; family relations with the internal auditor up to the
b. Not accepting anything that has an impact or second degree, both horizontally and vertically
is alleged to have an impact on professional with the auditors;
judgment;
Annual Report 2020

Corporate
Governance
b. Internal auditors have been employees in the INTERNAL AUDIT UNIT RELATIONSHIPS
auditee unit, both as leaders and non-leaders. The WITH EXTERNAL PARTIES
internal auditor can be assigned an assignment
provided that at least the audit has been IAU can cooperate with work units that perform control
conducted on the auditee unit in question 1 (one) functions at the Bank by prioritizing the effectiveness of
time and/or after passing a period of 1 (one) year; the control function and can work together with external
c. Internal auditors are not allowed to audit an audits to support the implementation of providing external
auditee 2 (two) times in succession as team auditor services to the Bank. The manifestation of IAU’s
leader; and relationship with external parties is as follows:
d. Internal auditors are not allowed to audit an audit
object where the internal auditor was previously The Financial Services Authority
involved in providing consulting services/other The Internal Audit Unit is required to report any
tasks on that object. appointment, replacement or dismissal of the IAU Leader
immediately to the Financial Services Authority at the
latest 10 working days after the appointment/dismissal of
IMPLEMENTATION AND QUALITY the IAU Head.
DEVELOPMENT STANDARDS
Apart from that, IAU also reports the results of external
IAU already has an audit quality control program (Quality party reviews of the IAU’s performance once in 3 (three)
Assurance) and Improvement Program which is designed years as well as the Main Report on Internal Audit Results.
to evaluate the conformity of Internal Audit activities with Communication to the Financial Services Authority at
standards and evaluation of the application of a code least 1 (one) time a year related to risk areas identified
of ethics, including in the form of developing an audit by the IAU and the Financial Services Authority and
methodology and refining its audit program to suit the their mitigation, monitoring the follow-up of findings and
development of existing business processes as well as recommendations of the internal audit in the current year,
best practices. and preparing an Implementation Report and Main Results
Audit and submit to the Financial Services Authority after
The implementation of audit quality control is carried out it is signed by the President Director and the Board of
in the form of review by IAU or external assessment or Commissioners.
review by external parties at least once in 3 (three) years.
External Audit
Based on the evaluation/review of External Parties of The Internal Audit Unit can use the services of external
the last IAU function carried out in 2018, it is concluded parties in carrying out internal audits as stipulated in
that in general the IAU function has met the provisions applicable regulations and can exchange information
in the Bank’s Internal Audit Function Implementation and coordinate activities with external auditors which
Standards based on Bank Indonesia Regulations, and can be carried out through periodic meetings to obtain
the implementation of information technology audits comprehensive and optimal audit results.
has referred to POJK Management. Risks in the Use of
Information Technology (Generally Conform). The relationship between the IAU and the external
auditor must be known by the President Director, the
Board of Commissioners with consideration of the
recommendations of the Audit Committee and known by
the Financial Services Authority.
COMPOSITION OF IAU PERSONNEL
The Internal Audit Unit is supported by 708 employees at

the head office and throughout BNI operational areas as
illustrated in the following diagram:
Annual Report 2020

Internal Audit Unit
EVP - Head of IAU 1
VP - Deputy Head of IAUI 5
AVP - Group Head Audit of the Head Office 15
AVP - Group Head of the Head Office 4
AVP - Group Head Audit of the Regional Office 17
MGR - Auditor of the Head Office 75
MGR - Head Office 16
MGR - Auditor Regional (SDA) 15
MGR - Auditor Dedicated 256
AMGR - Auditor Head Office 128
AMGR - Head Office 10
AMGR - Dedicated Auditor 164
Administrative Assistant 2
INTERNAL AUDIT UNIT PROFESSION CERTIFICATION
IAU is committed to continuously improving the competence and knowledge of the auditors, through continuous education
and training so that they are able to meet adequate qualifications.
The Certifications held by the Head of the Internal Audit Unit are as follows:
• Level 1-4 Risk Management Certification
• Six Sigma Financial Impact Certification
• Malcom Baldridge Award
The certification data that has been obtained by IAU employees up to 2020 are as follows:
National Certification
594
365 370
86
54
42
31 4 4 3 3 2 2 1
SMR SMR SMR SMR CBIA CBIA LSPP LSPP CA Credit CITPE ISO CPM ISO
Lv. 1 Lv. 2 Lv. 3 Lv. 4 Lv. 1 Lv. 2 Compliance Compliance Skill 9001:2015 2001:2015
1 2 OMEGA
Annual Report 2020

Corporate
Governance
International Certification
6 6
2 2
1 1
CIA CBA CISA CFE CISM CEP-PM CHFI IT IL CDSM CFRA

Foundation R
BRIEF REPORT ON THE IMPLEMENTATION In addition, IAU has strengthened the Dedicated Auditor
OF THE INTERNAL AUDIT UNIT 2020 to be able to detect irregularities/fraud early so that it
can function as an early warning system. In line with the
IAU’s vision is to become a professional, independent Covid-19 Pandemic that has been taking place since March
and objective business partner for the Management in 2020 and considering the uncertainty over the end of this
supporting the realization of BNI as a financial institution pandemic and BNI’s internal policies affecting internal audit
that excels in services and performance according to activities, for this condition IAU has taken the following
BNI’s policy and the Corporate Plan, which is to focus anticipatory measures:
on becoming a Bank with superior performance by 1. Conducting an Off-Site Audit/Review/Thematic/Activity
strengthening synergies between units to accelerate for early detection of irregularities/fraud in operational
business supported by better level of services. activities/business units by optimizing the Exception
Report (ER) data from the Surveillance unit. The
IAU’ss function is carrying out assurance and consultation thematic audit results are more comprehensive and
independently and objectively and integrating with are expected to provide strategic recommendations
Subsidiaries IAU, while remaining a professional, (touching the root cause) to management to improve
independent and objective business partner for BNI’s business processes.
management to support the realization of BNI’s vision. 2. Overseeing risk management towards providing
IAU oversees the acceleration of BNI’s business through stimulus schemes for debtors affected by Covid-19
alignment between the IAU strategy and BNI’s business through reviews since the pre-implementation stage
strategy, to provide added value in increasing the as well as the implementation stages in all segments.
effectiveness of risk management, control and governance 3. Strengthening audit preparation through optimization
processes. of off-site system data.
4. Optimizing system data and usage Exception Report
(ER) as material for examination/review
Internal Audit Unit Work Program
Based on the results of study of the Company’s direction In 2020, the number of audit and consultation plan
in 2020, risk assessment, priority of audit implementation, that were realized were 278 audit with details of the
and availability of IAU human resources, the plans for the assignments as follows.
2020 audit and consultation were determined as follow: 1. Activities or Thematic audits on small business
1. Conducting risk-based general audit on the basis of a credit activities, medium segment credit activities,
risk assessment consumer segment credit activities, network &
2. Carrying out consultative function namely in the form services activities, corporate credit activities and the
of independent review as a form of IAU monitoring effectiveness of the procurement process
on the issuance of new products as a requirement for 2. Mandatory Audit
permission by OJK or other consultative forms.
Annual Report 2020

Internal Audit Unit
3. The Audit Unit consists of audit divisions, domestic 2. Updating the audit tools to encourage
and foreign branches, regional offices, Small Credit recommendations for improvements to the
Centers, Medium Credit Centers and Consumer Loan effectiveness of performance, quality of risk
Centers. management and adequacy of internal controls.
4. IT Activities and Application Audit, and 3. Updating the mechanism of the Dedicated Auditor
5. Consultations, whether conducted informally or review, inspection/review of the PEN Program.
formally, among others, through Independent Reviews 4. Preparation of Risk and Fraud Awareness through the
of new product/activity launches dissemination of lessons learned to business units and
6. Dedicated Auditor Review through routine, periodic, creating awareness materials.
and sudden reviews at regional offices/branches/
centers, including reviews related to the debtor’s PEN Audit Activities in 2020
Program affected by Covid-19 Realization of audits in 2020 reached 104.51% of the
target, with realization of delivery channel audits reaching
Audit Methodology 105.30% and realization of audits of IT and Mandatory
IAU has prepared an Audit and Consultation Work Plan Audit activities reaching 133.33%, as follows.
for 2020 which is in line with BNI’s main focus. Through
the 2020 Audit and Consultation Work Plan, IAU seeks to Realization of Audit in 2020
ensure the quality of BNI’s business growth is balanced 159
with the establishment of strong corporate governance in
all operational areas. The 2020 Audit and Consultation Plan
is prepared through the macro risk assessment and micro
risk assessment stages.
Macro Assessment is carried out on BNI’s overall 70

performance and risk indicators, with the aim of
identifying certain themes/topics that will be the focus
of the audit with an orientation on the business process 15
12 11
implementation. Selection of an audit theme begins by 4 4 3
identifying and assessing activities related to the BNI

2020 General Policy of Directors (KUD), BNI Risk Profile
Audit on Delivery Channel Audit on Subsidiaries
according to the Risk Management Committee (RMC),
Audit on Overseas Branch Thematic/IT & Non IT/End to End Audit
input or concern for Directors and Senior Management, Mandatory Audit Consultancy
Audit on Division Independent Review
conditions/issues that occur according to business
developments. BNI and SAI’s internal review.
Finding and Following on Audit Results
In addition, an assessment of the risk level of auditee As part of the entire audit process/stage, after reporting
units is also carried out through an assessment of the the audit, the audit activity that must be carried out is
unit risk level according to the IAU Risk Assessment monitoring. Monitoring activity is an activity to identify and
according to the risk parameters of the surveillance unit. ensure the implementation of follow-up on audit results
The assessment of the audit object begins by identifying by the auditee and other related parties. The follow-up
high risk units, which are the priority in allocating human to the audit results includes the completion of the IAU
resources and determining the order of examinations, Recommendations and the Directors’ Disposition.
aiming at internal control assurance.
On quarterly basis, IAU submits progress on the
Several initiatives of improvement and development of completion of the follow-up of audit results in the form
audit tools carried out by SAI are as follows. of a Pending Report on Audit Follow-up to the Board of
1. Implementing the Audit Management System (FAST) Directors and the Board of Commissioners through the
and continue to carry out continuous development of Audit Committee.
applications to support audit activities for all stages
of the audit activity from planning to monitoring the The following is the follow-up data on the completion of
follow-up of audit results. pending results of the Audit, IAU Recommendations and
Directors’ Dispositions on the IAU audit results in 2020.
Annual Report 2020

Corporate
Governance
99,59%
59.510 59.265
56.574 55.706
52.421 51.438
98,47%
45.907
43.846 98,12%
95,51%
Total
Done
Completion Progress
In addition to monitoring the SAI audit results, in relation d. Carry out mandatory audits in accordance with
to the SAI’s function as a liaison for external parties (OJK, regulatory requirements.
BI, BPK and KAP), SAI also monitors the follow-up to the e. Implementing value-added services through the
external party audit results. During 2020, the follow-up to Consultation function according to user needs in the
the results of external audits is reflected in the following form of implementing Independent Review as a form
table. of escorting SAI for the issuance of new products
as one of the fulfillment of requirements from the
Period of December 2020 regulator (Financial Services Authority), and other non-
Audit
Done in Progress formal consultative forms.
f. Strengthen delivery channels and Regional Offices to
Bank Indonesia (BI) 17 - ensure proper internal control and detect irregularities/
Financial Services Authority 1,223 23 fraud by conducting audits/reviews.
(OJK)
g. Optimizing the surveillance function to assist the
Supreme Audit Agency (BPK RI) 431 53 implementation of audits by detecting potential risks
Public Accounting Firm (KAP) 16 4 as an Early Warning System or Continuous Audit/
Monitoring.
h. Optimizing the effectiveness of the Integrated Internal
INTERNAL AUDIT UNIT PROGRAMS AND Audit Work Unit with the Subsidiary Companies.
STRATEGIES FOR 2021 i. Increasing learning and growth through refinement
of audit methodologies and tools, refinement of
In order to support the achievement of BNI’s strategy for applications and supporting infrastructure for IAU IT,
2021, IAU has formulated an initiative strategy in the IAU which are currently being digitized through the Audit
Business Plan for 2021 and a work program in the 2021 Management System (AMS) application and periodic
Annual Audit Plan, as follows: enhancements and improving employee competency
a. Conducting audits to guard potentially significant capabilities.
business risks through compliance with a coverage
audit based on a risk-based audit. Integrated Internal Audit Unit
b. Escorting risk management of the economic impact (SKAIT)
recovery program due to Covid-19 through the PEN
Program (National Economic Recovery), namely For the implementation of the Integrated IAU function as
providing stimulus schemes for debtors affected by referred to in the Financial Services Authority Regulation
Covid-19 and channeling social assistance programs No. 18/POJK.03/2014 dated 18 November 2014 and
and additional capital for MSME debtors. Circular No. 15/SEOJK.03/2015 dated 25 May 2015
c. Conducting activity/thematic audits for business regarding the Implementation of Integrated Governance
process improvement in accordance with critical for Financial Conglomerates, the Integrated IAU has carried
issues and current risks as well as auditing IT out its duties and responsibilities.
activities in accordance with Major Risk IT and IT
Transformation.
Annual Report 2020

Internal Audit Unit
To create a financial sector that grows sustainably and To carry out this function, SAI integrates the internal audit
is stable and has high competitiveness, Bank BNI as the function with the Subsidiary’s SKAI, while the scope
Main Entity has implemented Internal Audit as an SKAIT includes:
that is independent of operational work units. SKAIT, in 1. Audit Methodology
the case of internal audit, has also collaborated with Bank SAI together with the Subsidiary’s SKAI conducts
BNI’s 1st and 2nd line and the Internal Audit of Subsidiaries alignment/evaluation according to the size,
to ensure the implementation of the internal control characteristics, and complexity of the subsidiary,
function is effective in the BNI Group. including, among others, the risk-based audit
methodology as well as the audit policies and
SKAIT has the duties and responsibilities stipulated in the procedures of each Subsidiary, through:
TKT guidelines as follows: a. SAI coordinates the alignment of the risk-based
1. Evaluating and providing input on the adequacy of audit methodology used by the Subsidiary’s SKAI.
the Subsidiary’s SKAI audit methodology, policies and b. ¡SAI provides input on the adequacy of Subsidiary
procedures in accordance with the size, characteristics Company Audit Policy and SOP.
and complexity of the subsidiary, both at the stages of
audit planning, audit implementation, reporting of audit 2. Audit Planning
results and monitoring of follow-up completion. SAI together with the Subsidiary’s SKAI prepare
2. Submit a report on the main results of the integrated an Integrated annual Audit plan with the following
audit to the President Director and Board of mechanisms:
Commissioners of the Main Entity with a copy to the a. SAI provides input on the annual audit plan
Director in charge of the Main Entity’s Compliance prepared by the Subsidiary’s SKAI.
Function. b. Information regarding the audit results of the
3. Monitor the follow-up of internal audit results in Subsidiary’s SKAI is used by SAI as evaluation
an integrated manner and report the results to the material in preparing an integrated audit plan.
President Director and the Board of Commissioners of c. SAI consolidates an integrated annual audit plan
the Main Entity with a copy to the Director in charge and submits it to the President Director and Board
of the Compliance Function of the Main Entity. of Commissioners of the Main Entity.
4. Submit the integrated internal audit report to the
President Director, the Director appointed to carry 3. Implementation of the Audit
out the supervisory function of LJK in the Financial The implementation of an integrated audit can be
Conglomerate and the Main Entity’s Board of carried out by means of a mechanism:
Commissioners as well as the Director in charge of a. The audit is carried out individually;
the Main Entity’s Compliance Function. b. Join Audit;
5. Monitor and monitor follow-up recommendations from c. The Subsidiary’s SKAI submits the
the Integrated Governance Committee. implementation report and the main points of the
6. SAI as the Third Line of Defense ensures internal audit results to the SAI containing the realization
control in each line within the BNI Financial of the audit results, the main points of the audit
Conglomeration, through conducting audits and results and the progress of the follow-up of the
consulting subsidiaries. SAI can conduct audits internal and external audit results that have been
and consultations on Subsidiaries without requiring carried out by the Subsidiary’s SKAI.
prior approval from the Subsidiary’s Board of
Commissioners. 4. Joint Training
7. SAI carries out internal supervision over all areas, SAI included the SKAI of Subsidiaries in a joint training
operational and business activities as well as held by SAI, namely Refreshing Auditor.
coordinates with the internal control function in the
Subsidiary.
Annual Report 2020

Corporate
Governance
Corporate Secretary
BNI has a Corporate Secretary who reports directly 4. Ministry of SOE Regulation No. PER-01/MBU/2011
to the President Director. The Corporate Secretary is regarding Implementation of Good Corporate
tasked with developing a mission to support the creation Governance (GCG) in SOE, as amended by PER-09/
of a good and consistent image of the Bank through MBU/2012.
effective management of communication programs to all 5. Law No. 19 Year 2003 on State-Owned Enterprises.
stakeholders, including the Financial Services Authority, 6. Decree of Ministry of SOE KEP117/M-MBU/2002
the Indonesia Stock Exchange and the public at large. The dated July 31, 2002.
Corporate Secretary has access to material and relevant 7. Decision of BEJ’s Board of Directors No. 339/BEJ/07-
information relating to the Company and controls the 2001 dated July 20, 2001 regarding Amendment
laws and regulations in the capital market, especially to Provision letter C.2.e Listing Rule Number I-A:
those related to information disclosure issues. At BNI, regarding General Provision on the Registration of
the Corporate Secretary function is carried out by the Equity Securities Exchange.
Corporate Communication and Secretariat Division. 8. Regulation No. IX.I.4 Decree of Bapepam Chairman
No. Kep 63/PM/1996 dated January 17, 1996.
Legal Basis of Appointment

CORPORATE SECRETARY STRUCTURE
BasIs Regulations used in the formation, recruitment, and
implementation of the Corporate Secretary, include: The Corporate Secretary is responsible directly to the
1. BNI’s Articles of Association. President Director in providing direction and monitoring
2. FSA Regulation No. 35/POJK.04/2014 regarding the activities of work units according to their fields of work
Corporate Secretary of Issuers of Public Company. which include investor relations, external communication,
3. Decree of PT Bursa Efek Indonesia’s Board of internal communication, community development,
Directors No. Kep-00001/BEI/01-2014 regarding development of environmental development and corporate
Amendments to Law No. I-A: regarding Registration of social responsibility, GCG monitoring, directors’ bureaus
Shares and Equity In addition to Shares Issued by the and supporting Commissioner.
Listed Company.
The following is the organizational structure of Corporate
Communication and Secretariat Division.
Annual Report 2020

Corporate Secretary
President Director Board of Commissioner
Director of Treasury &

Director of Finance
International Banking
Corporate Communication & Secretarial Division
Deputy Head
Deputy Head of
Corporate of Corporate
Investor Relations GCG Division &
Communications Communication &
Bureau of BOD
CSR Division
External Internal Community

Development GCG Monitoring Bureau of BOD Commissioner
Communication Communication Development
Group Group Group Support
Group Group Group
Management Management of
Management Management of Personal Assistant Secretariat &
of Employee Development Legal & GCG
of Institutional Community to the Board of Domestic General Affair
Communication & Research & Monitoring
Relations Development Directors Affairs
Research Reporting
Management
of Community
Media Relations Business Capital
Development Protocol Manager
Management Representative
& CSR Program
Development
Electronic
Communication
Management
Management
of Partners and
Sponsors
FUNCTIONS AND DUTIES OF THE 2. Providing input to Board of Directors and Board
CORPORATE SECRETARY of Commissioners to comply with the rules and
regulations in the Capital Market.
BNI’s Corporate Secretary shall be directly responsible to 3. Assisting Board of Directors and Board of
the President Director and serves a mission to support Commissioners in the implementation of corporate
the creation of consistent and continuous good corporate governance including:
image through an effective management communication a. Disclosure of information to the public, including
program to all stakeholders. Corporate Secretary shall have the availability of information on the Company
access to relevant information and material relating to the website.
Company and control of rules and regulations in the field b. Submitting timely reports to FSA.
of capital markets, especially with regard to disclosure of c. Implementing and documenting General Meeting
information. of Shareholders.
d. Implementing and documenting Board of
Referring to the FSA Regulation No. 35/POJK/2014 Directors and/or Board of Commissioners
regarding Corporate Secretary of Public Company, Meetings.
Corporate Secretary functions include: e. Implementing the Company’s orientation
1. Following the development of Capital Market, program for Board of Directors and/or Board of
especially the legislation in force in the Capital market. Commissioners.
Annual Report 2020

Corporate
Governance
4. Acting as a liaison between the Issuer or a Public d. Organizes GMS. Prepares materials required with
Company with shareholders of the Issuer or Public regard to reports/routines of Board of Directors
Company, FSA and other stakeholders. to be submitted to external parties. Prepares
materials needed Board of Directors’ decisions
In line with the Financial Services Authority Regulation with regard to to the Company’s management.
above and in achieving and implementing the vision and e. Organizes meetings within Board of Directors,
mission of the Corporate Secretary that is in line with the both routine and non-routine.
vision and mission of BNI, the BNI Corporate Secretary has
the functions and duties set out in the Company Guidelines
for Corporate Communications and Secretariat Division, PROFILE OF THE CORPORATE SECRETARY
among others, as follows:
1. The principal of Corporate Secretary main functions On January 28, 2019, BNI appointed Meiliana as a
are as follows: Temporary Caretaker for Corporate Secretary, and
a. Following the development of Capital Markets, subsequently he served as Corporate Secretary on March
particularly the regulations prevailing in the Capital 22, 2019.
Market.
b. Providing the public with any information needed
by investors (investor relations) with respect to
the Bank condition.
c. Providing the public with all information needed
by stakeholders (public relations) related to the
Bank condition.
d. Providing input to Board of Directors to comply Meiliana
Corporate Secretary
with the provision of Law No. 8 Year 1995 (March 22, 2019 – 22 December
regarding Capital Markets and its regulations. 2020)
e. As a contact person between the Bank and FSA
and the public.
Indonesian citizen, domiciled in Jakarta. 47 years old.
2. In addition to implementing these main functions, Graduated with a Masters degree in Agribusiness from
Corporate Secretary shall also perform the following the Bogor Agricultural Institute. He started his career
duties. since 1997 as a Credit Analyst. Furthermore, he has been
a. Attends Board of Directors meetings and takes involved in product development as Manager of Taplus
the minutes of the meeting. since 2010 and Assistant Vice President for Corporate
b. Establishes a Special Register related to the Branding in 2010. In 2014 he became Deputy Head of
Board of Directors, Board of Commissioners the Marketing Communications Division. Currently he is
and their families both in the Company and its serving as the Corporate Secretary of BNI based on the
affiliates which include stock ownership, business Decree of the BNI Board of Directors No. KP/118/DIR/R
relations and other roles that may give rise to a dated March 22, 2019.
conflict of interest with the Company.
c. Prepares a List of Shareholders including those
with ownership of 5% (five percent) or more. Then on December 16, 2020, the Company appointed Mr.
Mucharom as the temporary Corporate Secretary, and
then on December 23, 2020 he became the Corporate
Secretary.
Annual Report 2020

Corporate Secretary
receives Investor/Analyst Visit and Conference Call,

organizes Analyst Gathering, Economic Outlook and
publishes BNI Monthly Report.
6. Participating in the Non-Deal Roadshow both at home
and abroad, namely in Asia, Europe and America.
7. Provision of access to information that is up to date
Mucharom on access that can be reached by the public at large,
Corporate Secretary including building stock databases, developing website
(December 23, 2020 – present)
applications, preparing Annual Report for the 2020
Financial Year.
8. Optimizing the strategy for implementing GCG through
Indonesian citizens. Currently 51 years old. Obtained a GCG Self-Assessment and Integrated Governance
Master’s degree in Management, majoring in International Self-Assessment, as well as GCG socialization in the
Management, Gadjah Mada University (1997). Divisions at the Head Office, several Regional Offices
He started his career at BNI during the 1998 economic and Subsidiary Representatives.
crisis as a Credit Information System Analyst. Furthermore, 9. Submission of routine and incidental reports to
he worked for more than 10 years in the field of Risk regulators, including Securities Holder Registration
Management by holding the final position as Deputy Reports, Shareholders List, Foreign Currency Debt
Leader of the Operational Risk Division (2008-2011). Reports, etc.
Furthermore, he was trusted as Head of the Makassar 10. Arrangement of Fit and Proper Tests for the Board of
Region (2012-2014), General Manager of BNI Hong Kong Directors and the Board of Commissioners.
(2015-2016), Head of Policy Governance Division (2016- 11. Documentation of the Company’s legality data,
2017), Head of Strategic Planning Division (2017-2020). including the Deed of the GMS, the Deed of Change
of Management Composition, etc.
Currently he is serving as Head of the Corporate 12. Organizing press conferences and teleconferences
Communications and Secretarial Division based on the with stakeholders.
Board of Directors Decree No. KP/428/DIR/R dated 13. Maintaining communication with the Ministry of
December 22, 2020. State-Owned Enterprises, Ministry of Finance, State
Secretary, Financial Services Authority, Self Regulatory
Organization (Indonesia Stock Exchange, Indonesian
Central Securities Depository, and Indonesian Clearing
IMPLEMENTATION OF DUTIES OF and Guarantee Corporation), Securities Administration
CORPORATE SECRETARY IN 2020 Bureau, and other related institutions.
14. Participate actively in hearings and work visits with
Several activities related to stakeholders that have been DPR-RI.
carried out by the Corporate Secretary during 2020 include: 15. Attend every meeting of the Board of Commissioners
1. Organizing Corporate Actions, namely: and the Board of Directors Meetings and make
a. The Annual GMS for the 2019 Fiscal Year on minutes of the results of the Board of Commissioners
February 20, 2020 and the Extraordinary GMS on and Board of Directors Meetings.
September 2, 2020.
b. Dividend Payment on March 24, 2020.
2. Follow the development of the Capital Market CORPORATE SECRETARY REPORT FOR
in accordance with the applicable Capital Market FISCAL YEAR 2020
regulations.
3. GCG Awareness for the Board of Directors and the As the Corporate Secretary’s Report is regulated in Article
Board of Commissioners of BNI, including updates to 11 of the Financial Services Authority Regulation No. 35/
new policies and issues regarding GCG. POJK/2014 which states that:
4. Conducting Information Disclosure in accordance with 1. The Corporate Secretary must make a periodic report
applicable regulations. at least 1 (one) time in 1 (one) year regarding the
5. In an effort to manage communication with the implementation of the functions of the Corporate
capital market community, especially investors and secretary to the Board of Directors and copied to the
analysts to ensure transparency of information, BNI Board of Commissioners.
holds Analyst Meetings and Public Expose activities,
Annual Report 2020

Corporate
Governance
2. The Issuer or Public Company must disclose a brief description of the implementation of the functions of the Corporate
Secretary and information regarding the education and/or training that the Corporate Secretary participates in the
annual report of the Issuer or Public Company.
Based on the foregoing, the BNI Corporate Secretary has compiled a Corporate Secretary Report which is reported to the
Board of Directors and the Board of Commissioners through Directors Letter No. DIR/279 dated June 5, 2020.
The report contains, among others, the Implementation of Corporate Secretary Functions Based on POJK No. 35/
POJK.04/2014, as follows:
No Functions According to OJK Program Realization
1. Following Capital Market Related to the development 1. Provide responses to the Financial Services Authority as the capital
Developments of the Capital Market, market regulator regarding the 2019 OJK Draft Regulations
particularly the Capital 2. Attend socialization and discussion on the application of Capital Market
Market laws and regulations regulations and systems
2. Providing input to the In its function of providing 1. Has compiled and submitted to the Board of Directors and the Board
Board of Directors and the input, in 2019 the Corporate of Commissioners regarding the provisions of the capital market that
Board of Commissioners to Secretary has updated must be complied with by the Board of Directors and the Board of
comply with Capital Market new policies and issues Commissioners in the orientation program for the Board of Directors
regulations regarding Capital Market and the Board of Commissioners in 2019
regulations to the Board of 2. The Company Guidelines for Prohibited and Non-Prohibited Securities
Directors and/or the Board Transactions for Insiders have been updated through the CFM On Line
of Commissioners. Company Guidelines. Instruction No. IN/500/KMP/001 Date 23-09-2019
which regulates, among others, the Board of Directors and the Board
of Commissioners
3. Socialization has been made to the Board of Directors and the Board
of Commissioners and periodic reports have been submitted to the
OJK regarding the obligations of Members of the Board of Directors
or Member of the Board of Commissioners to report to the Financial
Services Authority on ownership and any changes in ownership of
shares of Public Companies, either directly or indirectly as referred to
in OJK Regulation No.11/POJK.04/2017 concerning Ownership Report
or Any Change in Share Ownership of Public Companies
4. Socialization has been made to the Board of Directors and the Board of
Commissioners and has submitted reports and publication obligations
related to the planning and implementation of the General Meeting
of Shareholders (GMS) in accordance with OJK Regulation No. 32/
POJK.04/2014 concerning Plans for General Meeting of Shareholders
of Public Companies
5. Socialization has been carried out regarding the provisions of Corporate
Governance and Governance Structure at BNI, including in preparation
and interview for the assessment of the Corporate Governance
Perception Index (CGPI) by the Indonesian Institute for Corporate
Governance (IICG) on September 13, 2019.
6. Socialization has been carried out regarding the provisions of OJK
Regulation No. 29/POJK.04/2016 concerning the Annual Report of
Issuers or Public Companies in the Kick Off for the Preparation of
the 2019 Annual Report on 13 December 2019 and the 2018 Annual
Report Award Assessment Interview which was held on 16 October
2019.
3. Assisting the Board of Organizing information 1. Ensuring the disclosure or transparency of Company information, both
Directors and the Board disclosure to the public, financial and non-financial, while maintaining the information conveyed
of Commissioners in the including the availability of fairly and appropriately.
Implementation of Good information on the Issuer or 2. Intensification of the publication of material and information on the
Corporate Governance Public Company Website Company’s performance
3. Providing regular information regarding the Company’s performance,
the Company’s share performance and the market outlook
4. Provision of access to information that is up to date on access that
is widely accessible to the public through updating material on digital
media in order to provide easier and wider access
Submission of reports to 1. Periodic and Incidental Reports to OJK Capital Market and Indonesia
Supervisors & Regulators in Stock Exchange Supervisors
accordance with applicable 2. Periodic and Incidental Reports to OJK Banking Supervision
regulations 3. Periodic and Incidental Reports to LPS, KSEI, OSS-BKPM
Organizing and 1. The General Meeting of Shareholders (GMS)
documenting the General 2. Dividend Payment
Meeting of Shareholders 3. Implementation of the FIt & Proper Test for the Board of Directors and
(GMS) and other related the Board of Commissioners
activities
Annual Report 2020

Corporate Secretary
No Functions According to OJK Program Realization
Organizing and The Company has held regular meetings of the Board of Directors,
documenting the Meetings Board of Commissioners Meetings and Joint Meetings of the Board of
of the Board of Directors, Commissioners in accordance with applicable regulations. All Minutes of
Meetings of the Board the Board of Directors Meeting, Commissioner Board Meetings and Board
of Commissioners and of Commissioners Meetings with the Board of Commissioners have been
Meetings of the Board of well documented, in hardcopy and softcopy form.
Directors together with the
Implementation of the 1. Distribution of Annual Reports, Bank Business Plans (RBB),
orientation program for Corporate Plan, Code of Ethics, Code of Conduct for the Board of
the Board of Directors Commissioners, Corporate Governance Handbook, and the Company’s
and/or the Board of Articles of Association.
Commissioners of the 2. Explanation regarding external and internal regulations relating to
Company the duties and functions of the Board of Directors and the Board of
Commissioners
Other matters related to the 1. Self-Assessment Report on GCG Implementation in the Company
implementation of GCG 2. Commitment to GCG/Integrity Pact
3. Socialization of GCG
4. Share Management
5. Disclosure of Share Ownership by the Management of the Company
6. New Platform Governance Commitment
7. Commissioner Support
8. Remuneration for the Board of Directors and the Board of
Commissioners
9. Regarding compliance with POJK regarding the Implementation of
Integrated Governance of Financial Conglomerates
10. Reward and GCG Assessment from External Rights related to the
Corporate Secretary Function
4. Liaison between the Issuer Optimization of strategies 1. Intensification of effective communication with Rating Agencies
and the Shareholders of the related to the Company's 2. The Company’s rating review activities through rating agencies S&P,
Issuer or Public Company, the capital and rating, Moody’s, Fitch and Pefindo
Financial Services Authority,
and other stakeholders
Intensification of effective 1. Analyst Meeting
communication with the 2. Public Expose
public/investors so as 3. Non Deal Roadshow/Conference Domestic
to increase stakeholder 4. Non Deal Roadshow/Conference Abroad
satisfaction. 5. Investor and Analyst Visit
6. Teleconference
7. Analyst Gathering
Intensification of effective 1. Full Year 2018 on January 23, 2019
communication with 2. Quarter I of 2019 on Aprll24, 2019
analysts through holding 3. Quarter II of 2019 on July 23, 2019
analyst meetings. The 4. Quarter III of 2019 on October 23, 2019
Company's Corporate 5. Public Expose
Secretary has conducted 6. Implementation of the GCG Partnership Program with related
analyst meetings on institutions/agencies
Financial Performance 7. Serve as liaison between the company and stakeholders
Annual Report 2020

Corporate
Governance
Investor Relations Functions
Investor Relations activities are part of the function of • Providing information related to BBNI that is needed to
the Corporate Secretary which has the main function of external parties in general, such as the capital market
supporting the Corporate Secretary in its efforts to foster community, investors, analysts, securities companies
relationships and improve the Investor Relations program and other stakeholders, as well as ensuring the
which is conducive to an intensive, systematic and planned availability of public information in accordance with the
manner, by: principles of corporate transparency while maintaining
• Monitoring and preparing reports related to the latest the information conveyed fairly.
market conditions and receiving input from external • Managing databases regarding investors, the
parties such as investors, analysts and others, on Company’s performance as well as peers and analyst
matters that may affect BBNI’s share price and mailing lists.
reputation.
• Preparing materials for roadshows, analyst meetings, During 2020, in order to carry out its functions and consider
conference calls & public exposes (press releases). the Health protocol during the Covid-19 pandemic, all
• Providing information about the Company’s Investor Relations activities related to external parties
performance through digital media (website) in order such as analysts and investors were carried out virtually.
to provide easier and wider access. Following are the activities of Investor Relations together
• Managing activities related to company ratings. with the Corporate Secretary in order to carry out the
• Maintaining relationships with investors, capital market Investor Relations Function:
analysts, fund managers, securities companies,
regulators and rating agencies. Investor Relation Activity 2020
Meeting with Investor 119

Conference Call 26
Non-Deal Roadshow 14
Public Expose 1
Total 160
Annual Report 2020

Compliance Function
BNI is a financial institution that carries out activities based on the principle of trust. In order for the Bank to be able to
grow in a healthy and sustainable manner, it requires a strong foundation of good corporate governance and consistent
application of prudential banking principles, one of which is through the implementation of Bank compliance. Based on the
aforementioned awareness, BNI has targeted one of its goals in its sixth mission, namely “Becoming the Reference for the
Implementation of Compliance and Good Corporate Governance for Industry”.
Based on this mission, the implementation of compliance is more than merely fulfilling regulatory compliance but it is also
an organizational need. Thus, compliance must be built into an internalized and organized culture.
ORGANIZATIONAL STRUCTURE OF COMPLIANCE WORK UNIT
Compliance Division
Division Deputy Head
Bank Business Regulatory & Policy Anti Money Compliance

Compliance Group Compliance Group Laundering Group Management Group
Management
of Compliance Management
Management
with Regulations of Anti-Money
of Bank Business Ethics Management General Affairs
& Policies in the Laundering Policy &
Compliance
Credit, Treasury & Development
International Sector
Management of
Management
Compliance with
Regional of Anti-Money Human Capital
Regulations & Compliance
Compliance Laundering Management
Policies in Funds, Management
Management Analysis & Representative
Services and
Reporting
Functional Units
Integrated Cfm SK Dir No. KP/431/DIR/R

Compliance dated September 28, 2015 Update Cfm Memo
Governance REN No. Ren/2/271 dated 02 March 2017 and
Management Memo REN/2/948 dated July 27, 2017
Regional Compliance which is placed in

each Regional Office
In implementing compliance, BNI has appointed a Director in charge of the compliance function and forms a Compliance
Division to carry out the compliance function. In addition to this, BNI’s Board of Commissioners is also involved in carrying
out active supervision of the implementation of bank compliance.
Annual Report 2020

Corporate
Governance
ACTIVE SUPERVISION OF THE BOARD OF Services Authority letter No. 22/KDK.03/2020 dated
COMMISSIONERS ON THE COMPLIANCE May 20, 2020, the Financial Services Authority
FUNCTION approved the appointment of Mr. Bob Tyasika Ananta
as Director of Compliance.
The implementation of the active supervisory function of 2. Must fulfill independence requirements, namely not
the Board of Commissioners as well as compliance with having financial, management, share ownership and/
POJK related to the Implementation of the Compliance or family relations up to the second degree with
Function of Commercial Banks is carried out by: members of the Board of Commissioners, Directors
1. Evaluating the implementation of the Bank’s and/or Controlling Shareholders or relationship
compliance function at least 2 (two) times a year. with the Bank that may affect their ability to act
2. Providing suggestions to improve the quality independently.
implementation of the Bank’s compliance function. 3. Must have adequate integrity and knowledge
regarding banking regulations and prevailing laws and
Either directly or through the Committees under the regulations.
Commissioners, the Board of Commissioners actively 4. Prohibited from being held or use expatriate workers.
supervises and provides suggestions for improvements 5. Does not hold concurrent positions as President
through meetings or through periodic reports, such as: Director and/or Vice President Director.
1. Regular meetings of the Board of Commissioners with 6. Not in charge of the following functions: operational
the Director in charge of the Compliance function; business, risk management which makes decisions
2. Periodic meetings of the Committees under the Board on banking activities, treasury, finance, accounting,
of Commissioners (Audit Committee, Risk Monitoring logistics, procurement, information technology and
Committee, and/or Integrated Governance Committee) internal audit.
with the Director in charge of the compliance function Based on the applicable BNI organizational structure,
and/or the Compliance Division; the BNI Compliance Director oversees the following
3. Reports that are submitted regularly include organizations:
Compliance Reports, Integrated Governance a. Compliance Division
Implementation Reports, Reports on the b. Legal Division
implementation of the Anti-Money Laundering and c. Human Capital Management Division
Terrorism Funding Prevention (AML-CFT) program, d. BNI Corporate University
compliance test reports on Board of Directors Meeting
decisions and Anti-Fraud Strategy implementation In general, the duties and responsibilities of the Director in
reports. charge of the compliance function are:
1. Formulating strategies to encourage the creation of
compliance culture.
DIRECTOR ON CHARGE OF COMPLIANCE 2. Proposing compliance policies or compliance
FUNCTION principles to be determined by the Board of Directors.
3. Establishing compliance systems and procedures that
The current Director in charge of the compliance function will be used to formulate the Bank’s internal provisions
at BNI is Mr. Bob Tyasika Ananta as BNI’s Director of and guidelines.
Compliance. The appointment and the implementation 4. Ensuring that all policies, regulations, systems and
of the duties of the Director in charge of the compliance procedures as well as business activities carried out
function is carried out based on the applicable regulations, by the Bank are in accordance with the provisions of
in particular the provisions concerning the Implementation the Financial Services Authority, Bank Indonesia and
of the Compliance Function, General Provisions, the the prevailing laws and regulations.
Provisions for the Fit and Proper Test, as well as the 5. Minimizing the Bank’s Compliance Risk.
provisions for the Use of Expatriate Workers in the Banking 6. Taking preventive measures so that the policies and/
Sector, which among others regulate: so that decisions made by the Board of Directors of
1. Must obtain approval from the Financial Services the Bank do not deviate from the provisions of the
Authority (FSA) before carrying out duties and Financial Services Authority, BI and the legislation in
functions in his/her position. Based on the Financial force.
Annual Report 2020

Compliance Function
7. Performing other duties related to Compliance HEAD OF COMPLIANCE DIVISION PROFILE

Function, such as monitoring and maintaining the
Bank’s compliance with the commitments made by
the Bank to the Financial Services Authority, BI and
other supervisory authorities.
8. In addition to the above duties and responsibilities,
in order to implement the integrated compliance
function, the Director in charge of the compliance
function has the duty to direct, monitor and evaluate
Suryo Utomo
the implementation of the Integrated Compliance Head of Compliance Division
function as well as following up on directions or advice (August 22, 2019 – present)
from the Board of Commissioners of the Main Entity
or the Integrated Governance Committee in order to
improve Integrated Compliance Function. Indonesian citizen, 49 years old. Obtained a Bachelor’s
degree in Economy and Accountant from the Faculty of
Economy, Department of Accounting, Universitas Airlangga
COMPLIANCE WORK UNIT in 1995, and obtained a Master’s degree in Accounting
Science at the Postgraduate Faculty of Diponegoro
The work unit that carries out the compliance function University in 2009. Serving as Head of Compliance Division
is the Compliance Division. The Compliance Division is since August 22, 2019 until now. Previously served as
an independent unit directly responsible to the Director Vice President of Internal Audit Unit and Deputy Head of
in charge of the compliance function. In addition, the Surabaya Regional Office.
Compliance Division is also designated as an Integrated
Compliance Unit.
The current Head of the Compliance Division is Mr. Suryo
Utomo. In determining and appointing the Head of the
INTEGRATED COMPLIANCE WORK UNIT Compliance Division, the Bank’s management always pays
attention to the following minimum requirements:
In the framework of implementing FSA Regulation 1. Fulfilling independence requirements.
No. 18/POJK.03/2014 concerning Implementation of 2. Mastering banking regulations and applicable laws and
Integrated Governance for Financial Conglomerates, regulations.
the BNI Compliance Division has been designated as an 3. Not carrying out other duties outside the compliance
Integrated Compliance Unit and has carried out monitoring function.
and evaluation of the implementation of the compliance 4. Having high commitment to implementing and
function in each Subsidiary Company (PA) in the BNI developing a culture of compliance.
Financial Conglomeration, among others include:
1. Aligning the methodology of Compliance Risk
Management including the implementation of AML DUTIES AND RESPONSIBILITIES OF THE
and CFT provisions. COMPLIANCE UNIT
2. Integrate and harmonize compliance function policies
and procedures, including AML and CFT policies and According to Board of Directors Decree No. KP/431/DIR/R
procedures. dated September 28, 2015, the duties and responsibilities
3. Ensuring PA compliance with the implementation of of the Compliance Division are broadly divided into the
internal and external reporting obligations. following functions.
4. Developing the Human Resources of the Compliance 1. Implementing Compliance Function;
Unit in the BNI Financial Conglomeration. 2. In charge of the Implementation of the AML and CFT
5. Ensuring the implementation of the Anti- Programs;
Fraud Strategy in the PA in the BNI Financial 3. In charge of the implementation of the Anti-Fraud
Conglomeration. Strategy and the Whistleblowing System (WBS);
4. In charge of Integrated Compliance Function.
5. In charge of Gratuity & Anti-Bribery Control
Annual Report 2020

Corporate
Governance
COMPETENCY DEVELOPMENT OF THE IMPLEMENTATION OF THE

COMPLIANCE WORK UNIT COMPLIANCE UNIT WORK PROGRAM IN
In order to make the Compliance Division a strategic 2020
partner for each line of the organization, the Compliance
employees continuously enhance their competence by In carrying out operational activities with the increasing
participating in certification/seminar/workshop/training, business complexity, in line with the developments of
such as: technology, information, globalization and integration of
1. Risk Management Certification. financial markets, resulting in greater challenges and risk
2. Compliance Certification and AML-CFT. exposures, BNI continues to strive to mitigate risks of
3. Material Training and Compliance Competency Test bank business activities, both preventive (ex-ante) and
level 1 & 2. curative (ex-post), in line with the regulations stipulated
4. Enhancement Skill For Compliance (ESCO). in the Financial Services Authority Regulation No.
5. Compliance Forum with the theme “Gratification 46.POJK.03/2017, namely the need to increase the role
Control to Create a Compliance Culture” to the Board and function of compliance.
of Commissioners, Board of Directors, Directors of
Subsidiaries, all Division/Unit/Unit Heads, Regional In order to encourage the realization of compliance culture
Leaders, Customers, Debtors, Notaries, KAP, KJPP, in all organizational units, compliance programs have been
Insurance, Procurement Vendors, Consultants, Private prepared and implemented as follows:
Auction Centers, Investment Managers and Credit 1. Realizing the implementation of a culture of
Guarantor compliance at all organizational levels and bank
6. Workshop: “Legal Aspects of the Procurement of business activities;
Goods and/or Services in BUMN” a. Submission of compliance material through
7. Compliance Forum: “Gratuity Control to Create a quality month days, video conferences, email
Compliance Culture” (BNI Menyapa) which includes fraud prevention
8. Business Forum: “Business Potential of Palm Oil materials, frequent negligence cases, sanctions/
Products Downstream Industry”. fines from authorities, audit findings, APU PPT
9. Leadership Development Program (LDP) Training for and WBS material.
Head Office SP. b. Submitting a Compliance Reminder (CORE) every
10. Sharing Session: “Performance Management period to improve employee compliance culture
Excellence”. and the implementation of the Daily Exercise
11. Sharing Session: “Data Analytics” Employee Program (DEEP), among others, related
12. Sharing Session: “Agile Mindset” to the Legal Governance Risk & Compliance
13. Seminar “National Call For Paper” and Conference (LGRC) material in the online exam media which
“National Anti Fraud Conference 2019” Workshop is conducted every working day for all BNI
on Internal Control Function Regulation in the Bank’s employees.
Internal Control System c. Intensive supervision and coordination with other
14. Workshop: “Developments & Challenges of Digital units related to policies, systems and procedures,
Banking in the Industrial Era 4.0” as well as new operational and technical
15. Workshop: “Cyber Crime Banking Fraud: Investigation guidelines, and issues that need to be considered,
and Handling Methods” among others related to the prevention of
16. Seminar “Prospects and Economic Challenges in fraud, negligence cases, external sanctions and
2020”. formulating recommendations and corrective
17. Workshop on Internal Control Function Settings in the actions. can be followed up in accordance with
Bank’s Internal Control System. the authority of each unit.
18. PSAK 71 training. d. Gratification Control in BNI’s work environment,
19. “Amazing Slide Presentation” Training in collaboration with the Corruption Eradication
20. Training on Effective Writing Skills Commission (KPK) to improve Good Corporate
Governance (GCG) and Compliance Culture.
e. Implementation of system application
development in the form of Compliance
Information Management System (CIMS),
which is an information system, database and
monitoring of results of online compliance review
and implementation of AML-CFT.
Annual Report 2020

Compliance Function
f. Measurement of the Compliance Index (CIX) a. Test of compliance on draft of policies, as well as
as a reference to measure and ensure that the on new/updated systems and procedures.
implementation of the compliance function runs b. Compliance test/review of existing policies,
well systems and procedures.
c. Test of compliance on the decisions of the Board
2. Managing the compliance risks faced by the Bank; of Directors Meeting.
Compliance risk is a risk arising from the failure to d. Compliance test on the design of publishing or
comply with and/or not implementing the prevailing new/updated products/activities.
laws and regulations. Based on such matter, the e. Compliance checklist on the fit and proper test of
Compliance Division actively strive to minimize prospective controlling shareholders, members
compliance risk. Composite compliance risk of the Board of Directors, and/or the Board of
profile assessment includes an assessment of the Commissioners.
inherent risks and assessment of the quality of Risk f. Compliance checklist on the plan for
Management implementation so that it reflects the implementing new activities in the form of
compliance risk control system. bancassurance and mutual fund selling agents.
g. Compliance test/Credit Compliance Review (C2R)
In a composite manner, BNI’s Compliance Risk Profile for the proposed Credit Application Tool (PAK).
in 2020 was at level 2 (low to moderate), with the h. Compliance test/Procurement Compliance
following details: Review (PCR) for the proposed Procurement
a. BNI’s Inherent Risk in 2020 was at level 2 (low to Document for Goods and/or Services.
moderate). i. Compliance test/review on plans for opening and
b. The Quality of Risk Management Implementation relocating bank offices (regional offices, branch
(KPMR) was at level 2 (satisfactory). offices, sub-branch offices, and functional offices).
j. Test compliance/review of branch and center
The Compliance Division always makes improvement operational activities.
efforts in order to minimize Compliance Risk,
including: 4. Ensuring bank compliance with commitments made
a. Identifying, monitoring and periodically by the bank to the Financial Services Authority/BI and
disseminating the fulfillment of obligations and other competent supervisory authorities. Monitoring of
matters prohibited by regulations as preventive commitment to the supervisory authority is carried out
measures. together with the Internal Audit Unit (SAI).
b. Reminding organizational units in charge of the
fulfillment of obligations periodically.
c. Making corrective actions based on the
compliance risk database. THE IMPLEMENTATION OF THE
d. Inserting sanctions from regulators/supervisors as INTEGRATED COMPLIANCE WORK UNIT
a source of compliance risk into the Compliance PROGRAM IN 2020
Index, and making the compliance index the Key
Performance Indicators (KPI) unit. As a form of the implementation of the functions
mentioned above, the Compliance Division carried out the
3. Ensuring that policies, regulations, systems and following:
procedures as well as business activities carried out 1. Analyzing the latest external regulations that have
by the Bank are in accordance with the provisions an impact on the Subsidiaries, and submitting them
of the Financial Services Authority/BI as well as the to the PA for follow-up, including POJK No. 45/
prevailing laws and regulations. POJK.03/2020 concerning Financial Conglomerates,
POJK No. 17/POJK.04/2020 concerning material
As one of the preventive measures to prevent transactions and changes in business activities, POJK
compliance risks from arising and to support healthy No. 18/POJK.03/2020 concerning Written Orders
and sustainable growth, the Compliance Division for Handling Bank Problems, PBI No. 22/4/PBI/2020
takes preventive (ex-ante) measures by conducting concerning Incentives for Banks Providing Provision
compliance tests to ensure that all internal regulations of Funds for Certain Economic Activities to Support
and certain banking activities comply with applicable Handling the Economic Impacts of the Corona Virus
banking principles. The compliance test activities Outbreak, POJK No. 12/POJK.03/2020 Concerning
include: Consolidation of Commercial Banks, POJK No. 1/
Annual Report 2020

Corporate
Governance
POJK.04/2020 concerning the Preparation of Financial 2. The Management has fulfilled the need for quality
Statements for Securities Companies, and PADG No. human resources as a Compliance Unit, by among
22/21/PADG/2020 concerning amendments to PADG others:
No. 21/25/PADG/2019 Regarding the Loan to Value a. Determine certain qualifications and
Ratio for Property Loans, the Financing to Value Ratio competencies for members of the Compliance
for Property Financing, and Advances for Credit or Work Unit.
Motor Vehicle Financing. b. Enrolling the Compliance Unit in various trainings,
2. Reviewing the adequacy of policies/procedures in competency certification programs, and seminars.
PA, namely the Compliance Function Implementation
Policies, Anti-Fraud Strategies and AML-CFT Policies
of all Subsidiaries in the BNI Financial Conglomeration. Governance Process
3. Conducting monitoring of the business conduct of the The Compliance Division as the Compliance Unit has
PA, on monthly basis, based on the regulations of each carried out its compliance function in accordance
PA, which is carried out using the self-assessment with Financial Services Authority Regulation No. 46/
method which is reported periodically as a means of POJK.03/2017 concerning the Implementation of
monitoring the compliance of the Subsidiaries with the Compliance Function for Commercial Banks, which
fulfillment of business conduct parameters. includes:
4. Implementing the Compliance Index (CIX) in the PA 1. Build a culture of compliance with all BNI
as a means of monitoring the implementation of the organizational lines, including through the Compliance
compliance function in the PA by using the parameters Awareness Program, Employee Understanding Test
of Fraud, Negligence Cases, Sanctions and Regulatory through the Daily Exercise Employee Program (DEEP),
Fines, as well as Pending Findings of External and and the implementation of the Compliance Index (CIX).
Internal Auditors, from each BNI PA. 2. Compliance Risk Management at BNI refers to the
5. Analyzing the Compliance Function Implementation Financial Services Authority Regulation No. 18/
Report submitted by the PA to the BNI Compliance POJK.03/2016 and SEOJK No. 34/SEOJK.03/2016
Division on a quarterly basis, regarding the concerning the Implementation of Risk Management
Implementation of the Company’s Compliance for Commercial Banks.
Function with External Regulations, Implementation of 3. Play an active role in monitoring and maintaining
Anti-Fraud Strategies, and Implementation of AML- that the policies, procedures, systems and business
CFT. activities of the Bank do not deviate from the
6. Holding meetings with each PA in the BNI Financial provisions.
Conglomeration every quarter with discussion agenda 4. Ensure that the results of regulatory examinations
of the follow-up of the PA on BNI recommendations, have been followed up in accordance with the
formulation of follow-up action plans on BNI commitments made and report the results of these
recommendations, and sharing of issues in the follow-ups to regulators.
Implementation of the Compliance Function, including
the Anti-Fraud Strategy and AML-CFT.
Governance Outcome
As a monitoring of the implementation of compliance
EVALUATION OF COMPLIANCE function, the Compliance Unit submits Compliance Reports
FUNCTION EFFECTIVENESS to the Managing Director Compliance and Company Risk,
President Director, Board of Commissioners, Financial
In general, the implementation of the compliance function Services Authority, and other related parties including:
has been carried out well, with the following explanation: 1. Compliance Work Plan Report contained in the Bank’s
Business Plan to the Financial Services Authority
Governance Structure through the Strategic Planning Division.
1. The implementation of the Compliance Function has 2. Compliance Function Implementation Report on a
been carried out independently and separately from quarterly basis to the Compliance Director, President
the operational work unit. Working relationships with Director and Board of Commissioners, as well as
other organizational units are as independent partners semi-annually to the Financial Services Authority.
in reviewing the compliance of operational activities
to ensure that policies, procedures, systems and
business activities of the Bank are in compliance with
applicable external regulations.
Annual Report 2020

Independent External Auditor
BNI has appointed a Public Accounting Firm (KAP) to carry Basis of appointment is as follows:
out independent supervisory function on the financial 1. Based on the Financial Services Authority Regulation
aspects of the Bank. The appointment of External No. 13/POJK.03/2017 dated March 27, 2017, on
Auditor that audited BNI’s financial statements for the the Use of Public Accountant Services and Public
2020 financial year is determined by the Annual GMS by Accountant Firm in Financial Service Activities in
taking into account the recommendation from the Board Article 16 paragraph 1, it is stated that the Party
of Commissioners and of the Audit Committee. The carrying out financial service activities must limit the
selection is carried out in accordance with the applicable use of audit services on the annual historical financial
mechanism of goods and services procurement. To ensure information from the same Public Accountant to as
the independence and quality of the audit results, the many as 3 (three) reporting fiscal years of audit period
appointed External Auditor may not have a conflict of consecutively.
interest with the Bank.
2. Based on Copy of Financial Services Authority
Regulation No. 32/POJK.03/2016 on Amendment
IMPLEMENTATION OF EXTERNAL to Financial Services Authority Regulation No. 6/
AUDITOR FUNCTION POJK.03/2015 dated March 31, 2015, on Transparency
and Publication of Financial Statements in conjunction
In carrying out operational activities, in addition to internal with the Financial Services Authority Circular
auditors and the Financial Services Authority, the Bank is Letter No. 11/SEOJK.03/2015 on Transparency and
also supervised by external auditors of Bank Indonesia, Publication of Conventional Commercial Bank Reports
Audit Board of the Republic of Indonesia, the Financial in Article 18 paragraph 6, it is stated that Banks must
Services Authority, and Public Accountant Firm. include the name of the Public Accountant Firm
that conducts the annual financial statements audits
and the name of the Public Accountant, partner in
APPOINTMENT OF PUBLIC ACCOUNTANT charge of the audit including the opinion given in the
announcement of the Quarterly Publication Report for
Following up on the resolutions of General Meeting of the position of end of December.
Shareholders (“GMS”) for 2019 fiscal year, the Board of
Commissioners determined KAP Purwantono, Sungkoro, 3. The appointment process of KAP Purwantono,
and Surja (member of Ernst and Young) as the external Sungkoro and Surja (member of Ernst and Young) as
auditor in conducting audit of the Bank’s Financial the external auditor was carried out through Auction
Statements and Other Reports for 2020 fiscal year. mechanism.
The 2020 fiscal year is the fifth audit year for KAP
Purwantono, Sungkoro, and Surja (member of Ernst and
Young).
Annual Report 2020

Corporate
Governance
PUBLIC ACCOUNTANT FIRM, ACCOUNTANT NAME, AND FEE
Following is the list of Public Accountant Firm, accountant name, fee, and KAP license for the last 5 years:
Accountant Name (Partner Audit Service Fee

Year Public Accounting Firm Period KAP Licence
in Charge) (Rupiah)
2020 KAP Purwantono, Sungkoro and Danil Setiadi Handaja 1 Year 12,650,000,000 603/KM.1/2015
Surja (Ernst and Young)
2017 KAP Purwantono, Sungkoro and Yasir 1 Year 7,200,000,000 603/KM.1/2015
2016 KAP Purwantono, Sungkoro and Yasir 1 Year 7,200,000,000 603/KM.1/2015
In addition to the audit of BNI’s consolidated financial AUDIT SERVICES FEE

statements, the scope of audit work for KAP Purwantono,
Sungkoro and Surja (members of Ernst and Young) for the The audit service fees for the Annual Financial Statements,
2020 financial year are: Financial Statements of the Partnership and Community
1. Audit of Publication Financial Statements (Newspaper Development Program (PKBL) of BNI, and other audit
format). services for the 2020 financial year amounted to Rp10.1
2. Audit of Financial Statements of Partnership and billion (including Out of Pocket Expense (OPE) and Value
Community Development Program. Added Tax (PPN)).
3. Audit of Financial Statements of Financial Institution
Pension Funds.
4. Independent Accountant Report on the Mutually OTHER SERVICES PROVIDED BY
Agreed Upon Procedures (AUP) for the operations of ACCOUNTANT
Custodian Department.
5. Audit of PSA 62 Report. Other service rendered by the accountant in 2020 was
7. Review on BNI’s Performance Evaluation Result consultancy service for the Implementation of IFRS 9/
Report. PSAK 71 with fee amounting to Rp4.4 billion.
8. Management Letter.
PUBLIC ACCOUNTANT FIRM PROFILE

AUDIT RESULT
KAP Purwantono, Sungkoro & Surja
The audit results carried out by external auditor are (Member of Ernst and Young)
submitted in the form of Financial Statements opinion. Indonesia Stock Exchange Building Tower 2, 7th floor
The BNI’s 2020 Consolidated Financial Statements Jl. Jend. Sudirman Kav. 52-53
obtained a Fair Opinion, showing that BNI has presented Jakarta 12190
the Consolidated Financial Statements accurately and in INDONESIA
accordance with applicable standards and is free from Tel. : (62 21) 52895000
material misstatement. Fax. : (62 21) 52894 100
Annual Report 2020

Independent External Auditor
COORDINATION OF EXTERNAL AUDITOR b. Based on the Financial Services Authority Regulation

AND AUDIT COMMITTEE No. 13/POJK.03/2017 dated March 27, 2017
concerning the Use of Public Accountant Services and
In order to implement the monitoring function on the Public Accounting Firm in Financial Services Activities
audit results conducted by external auditors, namely Bank stipulated in the article 16 paragraph 1, it is stated
Indonesia (BI)/the Financial Services Authority (OJK), the that the party carrying out financial services activities
Supreme Audit Agency (BPK), the Financial Transaction is required to limit the use of audit services on annual
Reports and Analysis Center (PPATK), and KAP, the Audit historical financial information from the same PA no
Committee has evaluated the follow-up actions taken by to as many as 3 (three) consecutive reporting financial
the Management on the audit results of the said external years.
auditors. Complete coordination can be seen in the c. The appointment of the same Public Accountant and/
description of the Audit Committee Report. or Public Accounting Firm by BNI must be based on a
work agreement.
d. The Public Accountant who audit the Bank’s Annual
THE EFFECTIVENESS OF EXTERNAL Financial Statements is required to conduct audits in
AUDIT IMPLEMENTATION AND THE accordance with the Public Accountant Professional
BANK’S COMPLIANCE WITH THE Standards, the work agreement, and the audit scope.
PROVISIONS ON RELATIONSHIP The Public Accountant and/or Public Accounting Firm
BETWEEN THE BANK, PUBLIC is required to observe the Bank Confidentiality as
ACCOUNTANT AND BANK INDONESIA regulated in the Law No. 7 of 1992 on Banking as
amended by Law No. 10 of 1998.
BNI has conducted an effective external audit and the e. In the framework of preparing and implementing the
Bank’s compliance with the provisions concerning the audit, the Public Accountant may request information
relationship between the Bank, Public Accountants and from Bank Indonesia regarding the condition of the
Bank Indonesia for the Bank, including the following: Bank to be audited.
a. As stated in PBI No. 7/50/PBI/2005 concerning f. Bank Indonesia and/or the Financial Services Authority
Amendments to PBI No. 3/22/PBI/2001 concerning can request information from a Public Accountant
Transparency of Bank Financial Conditions, in even though the work agreement has ended.
assigning audits to Financial Statements, BNI is
required to appoint Public Accountants and Public
Accounting Firms that have been registered with
Bank Indonesia. Through the letter of the Board
of Commissioners No. DK/14 dated February 14,
2020, the Board of Commissioners appointed KAP
Purwantono, Sungkoro and Surja (members of
Ernst and Young) as external auditor in auditing the
Company’s Financial Statements and other reports for
the 2020 financial year.
Annual Report 2020

Corporate
Governance
Risk Management
In order to anticipate domestic and global economic b. Financial Services Authority Circular Letter
challenges and increase risk exposures faced by BNI, No. 14/SEOJK.03/2015 dated 25 May 2015
an effective and integrated risk and capital management concerning the Implementation of Integrated Risk
system is needed, which is able to support the Management for Financial Conglomerates.
achievement and growth of sustainable performance while c. Financial Services Authority Regulation No.
enhancing the competitiveness of the company. 26/POJK.03/2015 dated December 04, 2015,
on Integrated Minimum Capital Adequacy
Risk management in BNI is carried out in an integrated Requirement for Financial Conglomeration
manner with business strategies. The application of risk
management is proactive and forward looking with the 4. Risk Management for Commercial Bank Products
aim of maximizing added value for shareholders, managing and/or Activities, among others:
capital comprehensively, and ensuring profitability and a. Financial Services Authority Regulation No.6/
sustainable business growth. POJK.03/2016, dated January 26, 2016
concerning Business Activities and Office
As one of the Financial Services Institutions which has Networks Based on Bank Core Capital.
several subsidiary companies that are members of the b. Financial Services Authority Circular No. 27/
BNI Financial Conglomerate, in addition to implementing SEOJK.03/2016, dated July 14, 2016 concerning
individual risk management, BNI also implements Commercial Bank Business Activities Based on
Integrated risk management. Some regulations related to Core Capital.
the implementation of Bank’s Risk Management are as c. Financial Services Authority Regulation No. 36/
follows: POJK.03/2017 dated 12 July 2017 concerning
1. Risk Management Implementation the Precautionary Principle in Equity Participation
a. Financial Services Authority Regulation No. 18/ Activities.
POJK.03/2016 dated March 16, 2016, on Risk
Management Implementation for Commercial 5. Application of Information Technology Risk
Bank. Management
b. Financial Services Authority Circular No. 34/ a. Financial Services Authority Regulation No.
SEOJK.03/2016 dated September 1, 2016, 38/POJK.03/2016 dated 07 December 2016
on Risk Management Implementation for concerning Application of Risk Management in
Commercial Bank the Use of Information Technology by Commercial
Banks.
2. Implementation of Consolidated Risk Management b. Financial Services Authority Circular No. 21/
with Subsidiaries SEOJK.03/2017, dated June 6, 2017, concerning
a. Financial Services Authority Regulation No. the Implementation of Risk Management in the
38/POJK.03/2017 dated July 12, 2017, on Use of Information Technology by Commercial
Consolidated Risk Management Implementation Banks.
for Banks Exercising Control over Subsidiaries. c. Financial Services Authority Regulation No. 12/
b. Financial Services Authority Circular No. 43/ POJK.03/2018 dated 6 August 2018 concerning
SEOJK.03/2017 dated July 19, 2017, on Provision of Digital Banking Services by
Prudential Principles and Report in the Framework Commercial Banks.
of Implementation of Consolidated Risk
Management for Banks Exercising Control over 6. Internal Control System.
Subsidiaries. a. Financial Services Authority Circular No. 35/
SEOJK.03/2017 dated July 7, 2017 concerning
3. Implementation of Integrated Risk Management Standard Guidelines for Internal Control Systems
for Financial Conglomeration for Commercial Banks.
a. Financial Services Authority Regulation No. 17/ b. Financial Services Authority Circular Letter
POJK.03/2014 dated November 18, 2014, on Number 13/SEOJK.03/2017 dated March 17, 2017
Implementation of Integrated Risk Management concerning Implementation of Governance for
for Financial Conglomeration. Commercial Banks.
Annual Report 2020

Risk Management
c. Financial Services Authority Regulation No. 1/POJK.03/2019 dated January 29, 2019 concerning the
Implementation of the Internal Audit Function in Commercial Banks.
rIsK maNaGemeNT orGaNIZaTIoNal sTruCTure
The organization and functions of BNI’s Risk Management and Integrated Risk Management for BNI’s Financial
Conglomeration are prepared and determined as follows:
Audit Committee
Risk Monitoring Committee
Nomination and Remuneration Committee

Board of
President Director Integrated Governance Committee
Directors
Vice President Director
Risk Management Committee

(Non Structural)
Provide
Recommendation
Director in charge of Risk
Director Management and Integrated
Risk Management functions
Integrated Risk Management
Committee
(Non Structural)
Risk Management Work Unit

concurrently as Integrated Risk
Management Work Unit
Financial Services Institutions

Members of the BNI Financial
Conglomeration
BNI Financial Conglomerate is organized and determined as follows:

1. BNI’s Board of Directors and Board of Commissioners are authorized and responsible for ensuring the implementation
of BNI’s Risk Management individually or in an integrated manner.
2. In carrying out its functions to supervise the implementation of BNI’s Risk Management and Integrated Risk
Management, BNI’s Board of Commissioners in its implementation is assisted by the Risk Monitoring Committee,
Audit Committee, Remuneration Committee, and Integrated Governance Committee.
3. BNI’s Board of Directors who oversees the Risk Management function in addition to carrying out the function of
implementing Risk Management for BNI also implements the Integrated Risk Management function for BNI’s Financial
Conglomeration.
4. In carrying out its functions of implementing effective risk management, the Board of Directors is assisted by Risk
Management sub-committee of the Risk and Capital Committee (KRK-RMC) and the Integrated Risk Management
Committee (KMRT).
5. If necessary, the Director in charge of Risk Management function can discuss Risk Management issues in other
committee meetings at Board of Directors’ level or Board of Directors’ meetings.
6. In implementing BNI’s Risk Management, the Board of Directors is assisted by the Risk Management Work Unit
(SKMR) which also functions as an the Integrated Risk Management Work Unit (SKMRT).
Annual Report 2020

Corporate
Governance
7. The Risk Management Unit is responsible for facilitating and coordinating with risk management units in BNI and all
LJK members of the Financial Conglomeration in managing 8 (eight) types of risks in BNI, which are credit risk, market
risk, liquidity risk, operational risk, legal risk, strategic risk, compliance risk, and reputation risk, and 10 (ten) types of
risks in BNI’s Financial Conglomeration, including intra-group transaction risk and insurance risk.
8. The Risk Management Work Unit in carrying out its functions and authorities and responsibilities is independent to the
Operational Work Unit (risk taking unit) and does not carry out activities related to the Bank’s business.
9. In carrying out its functions, the Risk Management Work Unit can escalate issues that occur to Risk Management
subcommittee of the Risk and Capital Committee (KRK-KMR) or the Director in charge of the Risk Management
function. Whereas the Integrated Risk Management Work Unit escalates issues to the Integrated Risk Management
Committee or Director in charge of the Integrated Risk Management function
BaNK’s rIsK maNaGemeNT DIvIsIoN
Hierarchically, the organization of the Bank’s Risk Management Division (ERM) acting as the Risk Management Work Unit
(SKMR) and the Integrated Risk Management Work Unit (SKMRT) at BNI is under and directly responsible to the Managing
Director Risk Management as the Director in charge of Risk Management function and Integrated Risk Management
function.
sTruCTure of The BaNK’s rIsK maNaGemeNT DIvIsIoN
Bank Risk
Management Division
Deputy Head of the Operational Risk

Market Risk & Credit Risk Management & Business
Department Continuity Group
Market and Banking Operational

Credit risk Consumer & Market & Consumer
Customer & Liquidity Business & Business
management Retail Credit Liquidity Risk Risk Integration Operational Risk
Industry Rating Risk Policy & Operational Risk Continuity Risk
group & Scoring and Management Group Management
Modeling Group Development Management Management
Portfolios Modeling Group Group Group
Group Group Group
Management Market & Management

Management
Credit & of Consumer Market & Liquidity Risk of Banking Consumer Operational
Model of Customer &
Portfolio Risk & Retail Credit Liquidity Risk Risk Policy Integration Business Operational Risk Risk
Validation Industry Rating
Management Scoring & Management Development Management Operational Risk Management Management
Modeling
Modeling Management Management
Conglomerate
Business
Middle Office Integrated
Continuity
Management Risk
Management
Management
General Affairs
Information
General functions follow the centralization of the functions of the
General Section (Employee Service) of the Head Office Human Model
The function of Human Capital (Human Capital) follows the policy Representative
of centralizing the function of Human Capital Head Office - HC
Representative
Annual Report 2020

Risk Management
leaDer ProfIle of rIsK maNaGemeNT f. Evaluating the independence and effectiveness

DIvIsIoN of bank’s risk management infrastructure on a
regular basis.
The leader of the Bank’s Risk Management Division g. Supervising the implementation of risk
reports directly to the Director of Risk Management. Since management, among others, through the
September 2018, the Bank’s Risk Management Division implementation of an integrated risk control
has been led by Drs. Aryanto Purwadi, MM. system and risk exposure limit determination.
h. Preparing and submitting risk reports regularly
to the Board of Directors through the Director in
charge of risk management function.
i. Independent of the risk taking unit in carrying
out the risk management monitoring function.
The supervisory function aims to ensure that the
risks and portfolios of the bank are well managed,
among others, through the determination of risk
Drs. Aryanto Purwadi, MM parameters and limits.
Head of the Bank’s Risk
Management Division j. Responsible for managing 4 (four) main risks,
(03 August 2018 – saat ini) which are credit risk, market risk, liquidity
risk, and operational risk, including measuring
credit, market, and operational risks, including
Indonesian citizen, 54 years old, obtained a Bachelor’s through the Internal Rating System, Market Risk
Degree from the Faculty of Biology, General Soedirman Management Model, and Operational Risk Tools
Purwokerto University (1990), and a Master’s Degree in
from the Bogor Agricultural University Business School 2. Integrated Risk Management Work Unit
(2004). Serving as Head of the Bank’s Risk Management Duties and responsibilities of the Integrated Risk
Division based on the Board of Directors Resolution letter Management Work Unit are as follows.
No. KP/274/DIR/R Date 03 August 2018. Previously served a. Giving input to the Board of Directors of the
as Head of the Subsidiary Development Division and Head Main Entity such as related to the preparation of
of the Strategic Planning Division. Integrated Risk Management Policies.
b. Monitoring the implementation of Integrated
Risk Management Policies including developing
the procedures and tools for risk identification,
DuTIes aND resPoNsIBIlITIes of rIsK measurement, monitoring, and control.
maNaGemeNT DIvIsIoN c. Monitoring Risks in BNI’s Financial
Conglomeration based on the assessment result
As a Risk Management Work Unit (SKMR) and Integrated of:
Risk Management Work Unit (SKMRT), the Bank’s Risk • The Risk Profile of each Financial Services
Management Division has the following functions: Institution (FSI) in Financial Conglomeration.
1. Risk Management Work Unit • The integrated Risk Level of each type of risk.
Duties and responsibilities of the Risk Management • Integrated Risk Profile.
Work Unit are as follows. d. Preparing the proposal for determination of Risk
a. Preparing proposal for strategy and bank’s risk Appetite Statement in an integrated manner. e.
management policy. Conducting stress testing
b. Monitoring overall risk position (composite), per f. Periodically reviewing to ensure the adequacy of
type of risks, and per type of functional activity, as Integrated Risk Management implementation and
well as performing stress testing; Risk Management implementation in each FSI of
c. Developing and evaluating the accuracy of models members of Financial Conglomeration.
used to measure risk. g. Reviewing proposal of new line of business that is
d. Reviewing new product and activity proposal from strategic in nature and has significant influence to
risk aspects. the exposure of Financial Conglomeration Risk.
e. Providing recommendations to operational work h. Providing information to the Integrated Risk
unit (risk taking unit) according to the authority Management Committee on matters requiring
owned. follow-up from the evaluation result of the
Integrated Risk Management implementation.
Annual Report 2020

Corporate
Governance
i. Providing input to the Integrated Risk Management Committee for the preparation and refinement of the
Integrated Risk Management policies.
j. Preparing and submitting the Integrated Risk Profile report regularly to the Board of Directors of the Main Entity in
charge of Integrated Risk Management function and to the Integrated Risk Management Committee.
ComPeTeNCe DeveloPmeNT IN BaNK’s rIsK maNaGemeNT seCTor
The competence development programs participated by members of Bank’s Risk Management Division throughout 2019
are as follows:
Competency Development of the Bank’s Risk Management Division
No. Name of Education and Development Organizer Date
1 Brevert Branch Management (before transfered to ERM) BNI 10 February – 9 Mach 2020
2 Level 3 Risk Management Certification 12 Mach 2020
3 Level 2 Banking Risk Management Certification Lembaga Sertifikasi Profesi 12 – 13 Mach 2020
Perbankan
4 Maintenance of Level 3 Risk Management Certification BNI April 2020
5 Good Corporate Governance Sustainability Finance BCV - BNI 09 April 2020
6 Time to Sharing (TOS) Understanding Banking Risks during Pandemic BCV April 16, 2020
7 Maintenance of Level 3 Risk Management Certification BNI Apr 2020
8 Being A Man Of Organization 1 BCV - BNI 13 May 2020
9 Global & Domestic Economic Outlook 2020-2021 BCV &Kemenkes 13 May 2020
10 Leadership Competency BCV - BNI 13 May 2020
11 Managing Performance BCV - BNI 15 May 2020
12 The New Normal After Covid-19 BCV - BNI 19 May 2020
13 Sales Closing Techniques BCV - BNI 8 June 2020
14 Cyber Crime BCV - BNI 10 June 2020
15 Financial Derivatives PT. Variskindo June – August 2020
16 Anti-Bribery Webinar 9 July 2020
17 Global & Domestic Economic Outlook 2020-2021 BCV &Kemenkes 13 May 2020
18 Time to Sharing (TOS) Understanding Banking Risks during Pandemic BCV April 16, 2020
19 Anti-Bribery Webinar 9 July 2020
20 Investment Mindset in the New Normal Era BCV - BNI July 16, 2020
21 Training for Online Trainer BNI July 27, 2020
22 Sustainability Finance BCV - BNI 28 July 2020
23 International Certification for Big Data Analyst Telkom University dan TUV August – December 2020
Rheinland
24 Being A Man Of Organization 2 BNI - BCV 5 August 2020
25 Training For Online Trainer BNI - BCV August 14, 2020
26 Online Training | Risk Management Certification Level 2 LSPP dan BCV August 15, 2020
27 3T socialization BCV &DinKes DKI August 25, 2020
28 International Certification for Big Data Analyst Telkom University dan TUV August – December 2020
Rheinland
29 Managing Up And Managing Down BNI - BCV 5 September 2020
30 Digital and Holistic Leadership OJK, Himbara, BCV September 2020
31 Level 1 Risk Management Certification BCV 23 October 2020
32 Level 3 Risk Management Certification LSPP October 26, 2020
33 Forum Manajemen Risiko Operasional ERM & Bareskim 23 October 2020
34 Strategy for Prevention & Control of Covid-19 Office Environment, I 23 October 2020
Annual Report 2020

Risk Management
No. Name of Education and Development Organizer Date
35 Level 3 Risk Management Certification LSPP October 26, 2020

36 Strategy for Prevention & Control of Covid-19 Office Environment, II October 26, 2020
37 Training Leader as Coach Loop Institute November 2020

38 In house training awareness SMK3 PP No. 50 of 2020 PT. KSMI 04 November 2020
39 Training For Trainer (TFT) ORMS ERM & Manos November 19, 2020
40 Strategy for Countermeasures for COVID19 in the Office Environment, I November 19, 2020
41 Training Leader as Coach Loop Institute November 2020

42 Leader as Coach BNI & Loop Institute of 09 November – December
Coaching 14, 2020
43 Strategy for Countermeasures for COVID19 in the Office Environment, I November 19, 2020
44 “ISD and Module Developer Digital Learning” Training Program BNI 21 - December 23, 2020
45 Strategy for the Management of COVID19 in the Office Environment, II 22 December 2020
46 Operational Risk Management Forum (FRO) Urgency of Operational Risk BCV 22 December 2020
Governance in Banking Systems and Data
RISK MANAGEMENT CERTIFICATION rIsK maNaGemeNT sysTem
Table of BNI Employee Risk Management Competency Target and strategic Initiatives for 2020
Development through the Risk Management Certification risk management Implementation
Test in 2020. Throughout 2018, the Bank’s Risk Management Division
set targets and carried out strategic initiatives as follows:
Risk Management Certification
1. Credit Risk
Certification Number of
Level
Position
Employee
a. Prepare a document review of Credit Risk
Management Policies and Procedures.
1 Assistant 8 b. Compile a review of financial industry standards
Assistant Manager 11,173 for 2019.
Manager 93 c. Prepare a review of Industry Risk Rating (IRR) in
Assistant Vice President 4
2019.
d. Prepare a review of Industrial Risks in Priority
2 Assistant -
Economic Sectors.
Assistant Manager 214
e. Develop a 2019 BNI Exposure Limit Loan (LEL).
Manager 358
f. Implement the Internal Rating System (IRS) for
Assistant Vice President 33 Financial Institutions (FI)/Banks.
3 Manager 12 g. Synchronizing the Early Warning System (EWS)
Assistant Vice President 95 and IRS.
Vice President 2 h. Monitor the Business Banking debtor rating
4 Assistant Vice President 2
system in the corporate and middle segments.
i. Develop and implement debtor rating models
Vice President 14
and systems in the corporate, medium and small
Senior Vice President 1
segments.
Executive Vice President - j. Perform Credit Risk Weighted Assets (ATMR)
5 Vice President - calculations using the Standard Method.
Senior Vice President -
Executive Vice President -
Annual Report 2020

Corporate
Governance
k. Prepare quantitative disclosures for Credit Risk d. Prepare a review limit and develop policies,
exposure. procedures/methodologies for managing market
l. Conduct stress testing of credit risk. risk, for the Treasury portfolio and overseas
m. Develop credit risk measurement. branch offices (KCLN), which include:
n. Reviewing Credit Risk Premium (CRP) • Market Risk Limit (VaR, Budget Loss, Stress
calculations. VaR)
o. Conduct analysis/study of loan portfolios including • Limit Repricing Gap (IRRBB)
studies of 25 core debtors and Non-Performing • Review Forex EWS parameters
Loans (NPL) analysis. • Review of EWS parameters of Securities
p. Monitor loan space available regularly. • Monitor transactions and significance limits
q. Conduct performance monitoring, review, of securities.
calibration analysis and develop new scoring and f. Monitor and review the Treasury and KCLN limit
modeling for consumer credit products (a.l. Credit loss budget.
Cards and BNI Griya) and mass retail (a.l. BNI g. Monitor transaction authority/treasury dealer deal
Wirausaha and KUR). size and KCLN.
r. Piloting/full implementation of the application/ h. Prepare quantitative disclosures of Market Risk
behavior/collection scorecard for consumer and exposure.
mass retail credit products (e.g. BNI Wirausaha i. Conducting stress testing of exchange rates and
and KUR) on the loan application system/scoring interest rates on schedule (business as usual),
engine. monitoring and analyzing the development of
s. Develop a Governance Scorecard related to incidental market risk stress testing parameters
monitoring and reviewing scoring and modeling and scenario analysis recovery plan.
for consumer credit and mass retail products (a.l. j. Backtesting Value at Risk (VaR).
BNI Wirausaha and KUR). k. Perform Market Risk Weighted Assets (ATMR)
t. Developing an Impairment Model related to the calculations using the Standard method.
application of the latest accounting standards l. Validate the Market Risk model.
(IFRS 9). m. Conduct an analysis/assessment of Market Risk
u. Validate the Business Banking Segment (Medium on new/existing Bank products, activities and
and Small) Credit Risk models and Consumer transactions.
Segments (consumer and mass retail) for both the n. Evaluate Net Open Position (NOP) calculations.
new rating/scoring model or the existing models o. Evaluate the calculation of the Interest Rate Risk
proposed for validation. in Banking Book (IRRBB).
v. Conduct an analysis/assessment of Credit Risk p. Reviewing the calculation of the risk level of
on new/existing Bank products, activities and forex, derivative and reverse repo transactions.
transactions. q. Monitoring limits related to securities
w. Reviewing the Credit Risk Risk Appetite. concentration.
x. Reviewing parameters, measurements/ r. Prepare reports and evaluations of investment
methodology of Credit Risk Profile. constraints and investment period per instrument.
y. Monitor the implementation of concerns s. Prepare reports and evaluation of counterpart
regarding improvement of the Credit Risk Profile. limits per instrument.
t. Prepare reports and evaluation of counterpart
2. Market Risk limits
a. Prepare a document review of Market Risk t. Prepare reports and evaluation of bond ratings
Management Policies and Procedures. (when buying and daily).
b. Reviewing and developing Market Risk u. Prepare reports and monitor liquidity of Financial
Management Policies, Procedures and Institution Pension Funds (DLK).
Methodologies, for Treasury portfolios and v. Prepare reports and monitoring of Mark to Market
Overseas Branch Offices. investment in bonds and mutual funds.
c. Review policies, procedures, methodologies w. Prepare reports and monitor value at Risk (VaR)
and IRRBB (Interest Rate Risk In Banking Book) investment in bonds and mutual funds.
reporting on an Individual and Consolidated BNI y. Reviewing Market Risk Appetite.
basis. z. Reviewing parameters and measuring Market
Risk Profile
Annual Report 2020

Risk Management
3. Liquidity Risk g. Perform calculations of Risk Weighted Assets

a. Prepare a document review of Liquidity Risk (RWA) for Operational Risk using the Basic
Management Policies and Procedures. Indicator Approach method.
b. Conducting limit reviews and developing Liquidity
Risk Management Policies, Procedures and h. Compile the results of Operational Risk
methodologies, which include: Monitoring in all organizational units.
• BNI Cash and Foreign Currency Cash Ceiling i. Develop Operational Risk Review.
Wide and Regional j. Maintaining Self Assessment, Loss Event
• Foreign Currency Credit Limits based on Database (LED) and Key Risk Indicator (KRI) -
liquidity availability PERISKOP applications and their implementation
• Maturity Profile Limit in Divisions/Units/Units, Domestic and Regional
• Early Warning Indicator Areas/Branches and related Centers.
c. Reviewing and developing Policies, Procedures k. Manage follow-up to the results of the
and methodologies for managing Domestic Operational Risk Management Forum (FRO)
Liquidity Risk and Overseas Branch Offices. l. Supports updating BNI Recovery Plan documents.
d. Compile individual and consolidated BNI policies, m. Prepare a Business Continuity Management
procedures, methodologies and Liquidity (BCM) Policy and Procedure review document.
Coverage Ratio (LCR) documents. n. Application development for Operational Risk
e. Prepare BNI’s Net Stable Funding Ratio (NSFR) Management (ORM) and Business Continuity
policy documents, procedures, methodologies Management (BCM) solutions.
and consolidated individually. o. Evaluate Business Continuity Management
f. Monitor and analyze cash management by region. (BCM), Risk and Threat Analysis (RTA) and
g. Prepare quantitative disclosures of Liquidity Risk Business Impact Analysis (BIA) documents.
exposure. p. Preparing Head Office Risk and Threat Analysis
h. Conduct stress testing on Liquidity Risk on (RTA) documents.
schedule (business as usual), monitor and analyze q. Compile the results of monitoring and evaluation
the development of stress testing parameters for of the implementation of BCM in all organizational
incidental liquidity risks and scenario analysis of units.
recovery plans. r. Compile the results of monitoring and evaluation
i. Analyzing Liquidity Risk on new/existing products, of optimizing the functions of the Data Center
activities and transactions of the Bank. (DC), Disaster Recovery Center (DRC), Command
j. Conduct a Risk Appetite Risk review. Center (CC) and the BCM Building and reviewing
k. Reviewing parameters and measuring Liquidity alternate site critical units.
Risk Profiles. s. Conduct site visits, simulations and socialization
of BCM in all units and make reports on the
4. Operational Risk results of BCM activities.
a. Prepare a document review of Operational Risk t. Conduct system testing and critical work unit
Management Policies and Procedures. applications.
b. Analyzing operational risk identification by u. Conduct a review of the Operational Risk Risk
reviewing risk issues in all organizational units. Appetite.
c. Prepare disclosure (disclosure) quantitative v. Reviewing parameters and measuring Operational
exposure to Operational Risk. Risk Profiles.
d. Analyzing Operational Risk on new/existing Bank
products, activities and transactions, especially 5. Legal Risks
related to transactional banking, trade financing a. Reviewing the Legal Risk Management Policy.
and cyber security. b. Reviewing Legal Policies.
e. Conduct Operational Risk analysis for Internal and c. Conduct legal analysis/studies in the form of
External needs. providing written and oral advice.
f. Conduct an analysis/assessment of Operational d. Carry out legal education/training.
Risk on new/existing Bank products, activities and
transactions.
Annual Report 2020

Corporate
Governance
e. Conduct a legal review of non-standard h. Compile studies related to BNI priority

agreements using the scoring system calculation sectors (including Industry Overview, industry
method. characteristics, Key Success Factors & Key Risk
f. Assist business units related to business Factors, the development of the industry under
activities. study, BNI’s financing portfolio and lessons
g. Handle and resolve legal cases. learned from these financing, and Industry
h. Supervise the handling of cases. Outlook).
i. Conduct analysis/assessment of Legal Risk i. Evaluate and monitor the realization of the
on new/existing Bank products, activities and achievement of strategies and targets set in the
transactions. KUD, RBB and Business Plan Unit.
j. Reviewing parameters and measuring Legal Risk j. Reviewing and monitoring new products and
Profile. activities, especially related to digital products and
activities.
6. Reputation Risk k. Conducting Strategic Risk assessments of new/
a. Reviewing the Reputation Risk Management existing Bank products, activities and transactions.
Policy. l. Reviewing parameters and measuring Strategic
b. Delivering a letter of response/response to the Risk Profiles.
mass media related to customer complaints/
complaints against BNI. 8. Compliance Risk
c. Maintaining BNI’s reputation and image for all a. Reviewing the Compliance Risk Management
stakeholders. Policy.
d. Conduct an analysis/assessment of Reputation b. Creating a Compliance Culture at all levels of the
Risk on new/existing Bank products, activities and organization and business activities of banks.
transactions. c. Ensuring that the Policies, Regulations, Systems
e. Review parameters and measure Reputation Risk and Procedures and Business Activities
Profile. carried out by the Bank are in accordance with
the Regulatory Regulations and applicable
7. Strategic Risk Regulations.
a. Reviewing the Strategic Risk Management Policy. d. Monitor and maintain bank compliance with
b. Sharpening long-term strategies and targets in commitments to Bank Indonesia, the Financial
the 2020-2023 Corporate Plan that focuses on Services Authority and other authorities.
developing digital-based businesses. e. Managing the Whistle Blowing System (WBS) and
c. Prepare a short-term plan in the General Anti-Fraud Strategy.
Policy of the Directors (KUD) by considering f. Develop and perfect compliance tools/systems
macroeconomic conditions and industrial and communication media (Compliance Forum).
competition, as well as competitive assessment g. Implement and evaluate compliance index.
of peers. h. Conduct an assessment/Compliance Risk
d. Formulate a medium-term plan in the Bank’s assessment of the Bank’s new/existing products,
Business Plan (RBB) by strengthening the activities and transactions.
unit’s strategic alignment in an effort to achieve i. Reviewing parameters and measuring the
corporate strategies and targets. Compliance Risk Profile.
e. Socializing the strategies and targets set in the
KUD and RBB to all Divisions/Units/Units/Regions. 9. Risk Integration
f. To improve sustainable organizations, especially a. Reviewing Risk Management Policies: General
by strengthening branch offices and regions, Risk Management Policies and Internal Control
structuring business support functions, and Systems.
reviewing business processes related to digital b. Review and develop Risk Integration Procedures:
business models. Risk Profile Assessment, Bank Soundness,
g. Sharpen information and commentary on the Risk Appetite, Risk Culture, Internal Capital
current global, national, regional and business Adequacy Assessment Process (ICAAP), and Risk
economic conditions and business potential of Management disclosure.
subsidiaries to broaden their horizons and assist in
strategic decision making.
Annual Report 2020

Risk Management
c. Analyze and assess BNI Health Level individually. g. Analyze and assess BNI Risk Profile in a
d. Analyze and assess BNI Risk Profile and Consolidated and Integrated manner and
provide suggestions and recommendations for provide suggestions and recommendations for
improvement. improvement.
e. Perform calculations of the Minimum Capital h. Perform Consolidated and Integrated calculations
Adequacy Requirement (KPMM) of BNI in of the Minimum Capital Adequacy Requirement
accordance with the Risk Profile. (KPMM) of BNI.
f. Conduct analysis of 8 (eight) types of risk in the i. Analyzing and monitoring the main risks of all
Internal Risk Report (IRR). LJK members of the BNI Financial Conglomerate
g. Optimizing the preparation of risk strategies and through the Leading Risk Indicator (LRI).
Risk Appetites that are aligned with business j. Prepare monitoring documents and review the
objectives and strategies. implementation of integrated Risk management in
h. Compilation of documents on the implementation the BNI Financial Conglomeration (KK).
of BNI Risk management in the Bank’s Business k. Ensure that all Financial Services Institutions/
Plan. Subsidiaries have policies and procedures related
i. Monitor Risk Appetite and Risk Tolerance. to the application of Risk Management.
j. Prepare disclosure (disclosure) Implementation of l. Providing guidance and input to Subsidiaries in
Bank Risk Management. implementing Risk Management.
k. Conduct analysis/assessment of risk on new/ m. Holding a meeting of the Integrated Risk
existing Bank products, activities and transactions. Management Committee (KMRT) and providing
l. Manage and develop Risk Management input to KMRT in the framework of developing
Information Systems (RMIS) and the Bank’s Risk policy recommendations, strategies and
Management database. framework for Integrated Risk Management.
m. Review the Recovery Plan company guidelines.
n. Perform analysis and monitoring of the Recovery
Plan threshold. ImPlemeNTaTIoN of BNI rIsK
o. Improve risk culture, coordinate with culture maNaGemeNT
specialist groups.
p. Review the parameters and methodology for BNI’s Risk Management implementation has the following
measuring BNI Risk Profile. objectives:
q. Developing Branch Level Risk Profile initiatives 1. Managing risks inherent in BNI’s relatively complex
(including calculation methodologies, parameters products, activities, and business activities.
and implementation). 2. Providing an overview to the Management of possible
losses that may occur in the future.
10. Integrated risk BNI financial Conglomerate 3. Improving methods and systematic decision-making
a. Reviewing Integrated Risk Management policies: process based on the availability of information.
General Integrated Risk Management (KUMRT) 4. Maintaining and improving BNI’s Risk Profile
Policy and Integrated Capital. assessment in either individual, consolidated, or
b. Reviewing and developing procedures for integrated manner as a Financial Conglomeration.
implementing Integrated Risk Management 5. Managing adequate capital structure to cover risks
(MRT): that may arise.
• MRT procedure 6. Providing more accurate basis for measuring
• Integrated Risk Profile Assessment performance.
Procedure 7. Creating and maintaining BNI’s strategic position and
• Integrated Capital Procedures reputation.
c. Review the 2019 Integrated Risk Appetite 8. Creating competitive advantage and maintaining
Statement and the Integrated Risk Limit. sustainable growth so that it can increase BNI’s
d. Conduct analysis and monitoring of integrated risk shareholder value.
limits.
e. Perform an integrated Risk Appetite analysis and
monitoring.
f. Conduct analysis and evaluation of BNI Health
Level on a Consolidated basis.
Annual Report 2020

Corporate
Governance
BNI’s Risk Management implementation is carried out in Implementation of Board of Directors’ supervisory function
accordance with the provisions of the regulator, which is carried out through forums such as Board of Directors’
is by applying the 4 (four) pillars of Risk Management Meetings (Radisi), Meetings of Risk and Capital Committee
implementation as follows: (KRK), Risk Management Sub-Committee (RMC), Assets
& Liabilities Sub-Committee (ALCO), Anti Fraud Sub-
Active monitoring of Board of Directors Committee (KAF), Credit Policy Committee (KKP), and
and Board of Commissioners Credit Procedure Committee (KPP).
Active monitoring of Board of Directors is performed
among others by: Active supervision by the Board of Commissioners is
1. Preparing risk management policies, strategies, and carried out among others by:
framework, including the limit of risks, by considering 1. Approve BNI’s risk management policies including
the risk appetite and risk tolerance according to BNI’s risk management strategies and frameworks that are
condition, and measuring the risk impact on the capital determined according to the level of risk to be taken
adequacy. (risk appetite) and risk tolerance.
2. Preparing, determining, and updating the procedures 2. Evaluate risk management policies and strategies.
and tools to identify, measure, monitor, and control 3. Evaluate the accountability of the Board of Directors
risks in BNI. and provide direction for improvements to the
3. Preparing and establishing transaction approval implementation of BNI’s risk management policies.
mechanisms, including those that exceed the limits 4. Ensuring that risk management policies and processes
and authority for each level of position. are carried out effectively and integrated in the overall
4. Evaluating and/or updating risk management policies BNI risk management process.
and strategies.
5. Determining BNI’s organizational structure, The Board of Commissioners’ supervisory functions
including clear authority and responsibilities at every are carried out through the Board of Directors’ and
level of position related to the risk management Commissioners’ Meeting (Radikom), as well as in Risk
implementation Monitoring Committee, Integrated Governance Committee
6. Implementing risk management policies, strategies, and Audit Committee meetings.
and framework that has been approved by the Board
of Commissioners, and evaluating and providing In order for the implementation of Risk Management to run
guidance based on reports submitted by the Risk effectively, the implementation is based on the established
Management Work Unit, including BNI’s Risk Profile Risk Management. Risk Governance clearly regulates the
Assessment. roles and responsibilities, the decision making process, the
7. Ensuring that all of BNI’s material risks and the impact interrelationship between Risk management functions, and
caused by such risks have been addressed. the establishment of policies that ensure that Risks are
8. Ensuring the implementation of corrective actions on well managed.
issues found by the Internal Audit Unit (SAI).
9. Ensuring the adequacy of quantity and quality of
human resources to support BNI’s risk management
implementation effectively.
10. Developing risk management culture in BNI that
includes risk awareness at all organizational levels.
11. Ensuring that risk management function has been
applied independently.
Annual Report 2020

Risk Management
Risk Management
BNI
at
Ensure that the application of risk management is adequate and in
accordance with the characteristics, complexity and risk profile of the
Oversight Bank. In its implementation, it is assisted by the Risk Monitoring
Committee.
Board of
Commissioners
In charge of implementing adequate risk management

Oversight & and in accordance with the characteristics,
Execution Board of Directors complexity and risk profile of the Bank.
Assist the Directors in determining

policies, development and
Excalation Risk Management Committee implementation of risk management
and escalation to the Directors.
Implement risk management

according to their respective
Implementation & Risk Taking Unit, Risk Control Unit, roles:
Control Mechanism Risk Assurance Unit • Risk Owner (risk taking),
managing risks inherent
in the business and their
respective functions.
• Risk Control, develops
frameworks, policies,
principles, and
methodologies of the
Bank’s risk management.
• Risk Assurance,
assesses independently
the effectiveness of
the application of risk
management and internal
control
Hierarchy of Policy Establishment

Adequacy of Policies, Procedures, and
limit establishment
To support the implementation of Risk Management
effectively, BNI has developed comprehensive and
integrated Risk Management policies and procedures.
Policy
BNI already has Risk Management General Policies as the
policies that become the strategic and comprehensive
basis of reference in implementing Risk Management.
Risk Management Procedures are procedures that Procedure

guide the implementation of Risk Management. As the
guidelines in implementing Risk Management, Banks must
manage 8 (eight) types of Risks, BNI already has policies
Technical Guidelines
and procedures as the basis for managing each Risk. The
detailed provisions of each procedure are regulated in
technical instructions. The hierarchy of policy, procedure,
and technical guidelines is illustrated in the following chart:
As one of the risk control methods, BNI also already has
Risk limit. The risk limit is a threshold for determining the
intensity level of risk mitigation that will be implemented
by the management. Determination of BNI’s risk limits
includes limits per Risk (credit risk, market risk, and
liquidity risk), limits per functional activity or limit as a
whole.
Annual Report 2020

Corporate
Governance
Risk management policies and procedures as well as Risk The risk control process is carried out primarily to manage
limits are regularly reviewed with the approval of the Board risks that can disrupt BNI’s business continuity. The risk
of Directors through committee meetings or circulation control strategy undertaken by BNI is reducing risk (risk
to the Board of Directors in accordance with the authority mitigation), accepting risk (risk acceptance), avoiding risk
level. (risk avoidance) and transferring risk (risk transfer).
Adequacy of Process of risk Identification, BNI’s Risk Management Information System was
measurement, monitoring, and developed to support the implementation of the process
management, as well as risk management of identification, measurement, monitoring and risk
Information system. control, and ensuring the availability of accurate, complete,
BNI’s risk management process covers the process of informative, timely and reliable information so that it can be
identifying, measuring, monitoring, and controlling risk used in the framework of the decision making process by
continuously on all material risk factors supported by the Management.
Risk Management Information System.
The risk identification process is carried out to analyze the INTerNal CoNTrol sysTem
source, the level of possible risks and impacts. Several
matters that are considered in risk identification process The internal control system in BNI is implemented using
are: the Three Lines of Defense model which consists of: First
1. Identification of all risks is performed regularly. line of defense, which is carried out by the Operational
2. Having a method or system to identify risks in all BNI’s Work Unit (risk taking unit) as the risk owner who manages
products and business activities. risks against risks inherent in the business and its
3. Specifically identifying risks to new products and functions (day- to-day risk management and control).
activities, before the new products/activities are
introduced or implemented. Second line of defense or risk control unit, which is carried
out by the Bank’s Risk Management Division, the Policy
The risk measurement process is carried out to determine Governance Division, and the Compliance Division that are
the risk exposure level as a reference in controlling risk. tasked to encourage all organizational levels to carry out
Risk measurement is carried out quantitatively and/or their functions according to the internal regulations.
qualitatively according to the measurement method set
by the regulator or by using internal method for methods Third line of defense or risk assurance unit, in which
that have not been specifically determined. To anticipate BNI has an Internal Monitoring Unit or as the Internal
extreme conditions, risk measurement in BNI is also Audit Work Unit (SKAI). The Risk Assurance unit
complemented by stress testing for credit risk, market risk, evaluates independently the suitability of the process
and liquidity risk. of implementing Risk Management and the internal
control system with the policies and procedures that
The risk monitoring process is carried out to ensure that are set internally as well as conformity with regulatory
risks have been managed properly, among others through requirements.
monitoring of mitigation and risk limits that have been
set. Risk monitoring is carried out both by the Operational
Work Unit (risk taking unit) as the risk owner and the Risk rIsK maNaGemeNT sTraTeGy
Management Work Unit as the risk control unit.
In the implementation of risk management, it is
necessary to align between the strategy and business
objectives with the risk strategy and risk appetite. The
implementation of the risk strategy and risk appetite is
translated into governance, processes, policies and tools
and methodologies that are supported by information
technology, human resources and a strong risk culture.
Annual Report 2020

Risk Management
Business Strategy and Objectives Goals
• Growth & earning

Alignment • Target segment, customer products
Establish risk tolerance based on risk capacity that is

Risk Strategy and Risk Appetite aligned with business strategies
Risk Operating Model

• Risk Assessment and Control Mechanism
• Inherent risk portrait
• Capital Allocation
• Risk Based Performance
Governance Process Policy Tool & Method
Information Technology Operational Efficiency
• Competence & Integrity

HR & Risk Culture • Risk awareness & behavior
Risk management strategies are formulated according to 2. BNI organization, including the adequacy of human
the overall business strategy by considering the level of resources and supporting infrastructure.
risk that will be taken (risk appetite) and risk tolerance. 3. Financial conditions include the ability to generate
The purpose of establishing a risk management strategy profits, and BNI’s ability to manage risks arising as a
is to ensure that risk exposures have been managed in a result of changes in external and internal factors.
controlled manner in accordance with internal policies and 4. Mix and diversify the internal portfolio.
procedures as well as applicable laws and regulations and
other regulations. The risk management strategy is formulated according
to the business strategy and shall be able to provide
The risk management strategy consists of several overall direction in the risk management activities. The
principles, which are: risk management strategy consists of 4 (four) main
1. Long-term oriented to ensure the BNI’s business components, which are:
continuity. 1. The risk level to be taken (risk appetite) and risk
2. Comprehensive in nature, can control and manage tolerance
BNI’s risk both individually and on a consolidated basis 2. Risk management principles and policies
with Subsidiaries and integrated into BNI’s Financial 3. Risk governance
Conglomeration. 4. Types of risk exposure and market conditions
3. Fulfillment of the required capital adequacy and
adequate allocation of resources. The type and magnitude of risk exposures are measured
using a risk measurement methodology that is in
The risk management strategy is prepared by considering accordance with the Regulatory provisions and shall be
the following matters: linked to risk appetite, risk tolerance, predetermined limit,
1. Economic and industrial developments and their and capital availability and planning.
impact on BNI’s risk exposure.
Annual Report 2020

Corporate
Governance
Governance of risk management strategies As a Bank, BNI is prohibited from conducting

1. The Risk Management Strategy becomes one of equity (stock) and commodity transactions. The
the basis (references) in determining the business implementation of risk management for equity and
strategy as outlined in BNI’s Bank Business Plan (RBB) commodity risk is applied in the case of consolidating
which is determined on an annual basis and submitted with Subsidiaries.
to the Regulator.
2. The risk management strategy is drafted and prepared 3. Liquidity Risk
by the Risk Management Work Unit, decided by the Liquidity risk is a risk due to the Bank’s inability to
Board of Directors through the Risk Management meet the obligations due from the cash flow source
Sector of the Risk and Capital Committee Meeting, as of fund and/or from high quality liquid assets that can
well as approved by the Board of Commissioners. be pledged, without disturbing the Bank’s activity
and financial condition. BNI’s Liquidity Risk can occur
The Risk Management Strategy is communicated by the due to the inability to obtain cash flow source of fund
Board of Directors to the Divisions/Units/Work Units and caused by:
is regularly reviewed in line with changes in business a. Inability to generate cash flows from productive
strategies, by considering the economic conditions, assets or from the sale of assets including liquid
banking business, changes in regulations by the Regulator assets; and/or
and their impact on the Bank’s financial performance.
b. Inability to generate cash flows from fund raising,
interbank transactions, and loans received.
rIsK ProfIle aND maNaGemeNT
4. Operational Risk
Type of risks Operational Risk is risk due to inadequacy and/or
There are at least 10 (ten) types or risks that shall be malfunction of internal process, human error, system
managed, which are: failure, and/or external incidents affecting the Bank’s
operations. Operational risk arises among others
1. Credit Risk from internal process, human resources, information
Credit risk is risk due to the failure of other party to technology system and infrastructure, and external
meet the obligation to the Bank, including Credit events.
Risk due to debtor’s failure, credit concentration risk,
counterparty credit risk, and settlement risk. 5. Legal Risk
Legal Risk is a risk as a result of lawsuits and/or
Credit risk can derive from various bank business weakness of juridical aspect. BNI’s Legal Risk may
activities, such as credit provision, securities arise among others from absence of supporting laws
purchases, acceptances, interbank transactions, trade and regulations, or weak agreement such as unfulfilled
finance transactions, exchange value and derivative valid terms of a contract and incomplete collateral
transactions, as well as commitment and contingency binding.
obligations, where credit provision is the largest
source of credit risk. 6. Reputation Risk
Reputation risk is a risk due to the decreasing level
2. Market Risk of stakeholders’ trust caused by negative perception
Market Risk is a risk in balance sheet and towards the Bank. BNI’s Reputation Risk may among
administrative account positions including derivative others arise due to negative media reporting and/
transactions, due to overall changes in market or negative rumor about BNI, and BNI’s ineffective
conditions, including the risk of changes in option communication strategy.
prices.
7. Strategic Risk
Market risks include interest rate risk, foreign Strategic risk is the risk due to inaccuracy in making
exchange risk, equity risk, and commodity risk. and/or implementing a strategic decision and failure to
anticipate changes in the business environment.
Annual Report 2020

Risk Management
BNI strategic risks can occur, among others, because Credit risk
the establishment of strategies that are not in line with Credit risk identification is carried out in order to analyze
the vision and mission of BNI, analysis of the strategic the sources and possibilities of credit risk to arise and its
environment that is not comprehensive, and/or there impacts, which are carried out periodically according to the
is a mismatch of strategic plans (strategic plans) product characteristics and types of activities. Credit risk
between levels. In addition, BNI’s strategic risks can identification is also carried out by preparing Industry Risk
also arise due to failures in anticipating changes in the analysis in the priority economic sector.
business environment including failures in anticipating
technological changes, changes in macroeconomic Credit risk measurement is an integral part and series of
conditions, dynamics of competition in the market, the process of implementing credit risk management and
and changes in relevant authority policies. is used as a reference for risk control.
8. Compliance Risk To process the individual exposure of the business banking

Compliance Risk is a risk due to the bank does segment, BNI already has a debtor rating model in the
not comply with and/or does not implement the form of an internal rating system, while for consumer
applicable laws and regulations and provisions. BNI’s segment, debtor scoring system is used to assist in
compliance risk may arise from legal behavior, which analyzing the quality of debtors in the credit process.
is BNI’s behavior/activity that deviates or violates the
provisions or laws and regulations, and organizational To regulate the composition of portfolio, BNI already has
behavior, which is BNI’s behavior/activity that deviates a Loan Exposure Limit (LEL) which serves to limit the risk
or in contrary to the general standards. of concentration of loan exposure in each economic sector
in each segment, and serves as a guideline for business
9. Inter-Group Risk. units in expanding loans. To assess the risk of each type of
Risk due to the dependence of an entity, either industry, BNI already has an Industry Risk Rating (IRR) and
directly or indirectly, on other entities in one Financial a Financial Ratio Standard that is used as one of the factors
Conglomeration in order to fulfill written and unwritten in assessing the quality of debtors from an industry side.
agreement obligations, followed by transfer of funds
and/or not followed by transfer of funds. BNI uses the Standardized Approach method for
calculating Risk Weighted Assets (RWA) for Credit Risk
10. Insurance Risk. in assessing the adequacy of the Minimum Capital
Risk due to failure of the insurance company in Requirement (KPMM).
meeting its liability to the policyholders as a result
of insufficient risk selection process (underwriting), Currently, BNI is also developing an Impairment Model
premium determination (pricing), use of reinsurance, related to the application of the latest accounting standards
and/or claim handling. (IFRS 9).
BNI’s Risk Management Efforts In order to complement the credit risk measurement
To manage risk effectively and comprehensively, a risk system, stress testing is carried out by estimating the
management infrastructure is needed that includes bank’s potential loss in abnormal market conditions by
Governance and Organization (including HR), Policies and using certain scenarios to see the sensitivity of BNI’s
Procedures, Risk Management Process, Measuring Tools performance against changes in risk factors and to identify
and Methods (including Quantification of Risk Models), factors that have a significant impact on BNI’s portfolio and
which is supported by Information Technology and strong capital adequacy.
Risk Culture.
Stress testing is carried out periodically or can be done
The Risk Management process for each risk that has been at any time according to the needs by considering
developed and implemented in BNI is as follows: the economic conditions or according to the needs/
requirements of the regulator.
Annual Report 2020

Corporate
Governance
The ERM Division prepares stress testing methodology/ 2. Monitoring and reporting on compliance with Market
model for credit risk by considering the characteristics of Risk limit (realization of Market Risk exposures
the product or activity and harmonizing it with the rules/ compared to their limits).
requirements of the regulator. 3. Recommendation for follow-up on the occurrence of
exceeding limits and/or the occurrence of abnormal
Credit risk monitoring aims to see and ensure that the market conditions, and/or the occurrence of other
implementation of the entire credit risk management conditions that lead to increased Market Risk
process is running well and the potential credit risk is still potential.
within the permissible risk limit. Monitoring of credit risk
is carried out through monitoring loan portfolios, which Market Risk Control is carried out in order to prevent the
are growth, quality and concentration of loans, monitoring occurrence of bigger losses due to Market Risk through
loan exposure compared to Loan Exposure Limit, and the establishment of market risk limits in the Treasury
monitoring the Legal Lending Limit. Division and Overseas Branch Offices, among others as
follows:
Credit Risk Control is carried out in order to prevent the 1. Value at Risk Limit (VaR Limit), which is the maximum
occurrence of bigger losses due to Credit Risk which is potential loss that may occur at any time in the future
supported by several credit risk management tools both at with certain confidence level.
the individual and portfolio exposure level. 2. Stress Value at Risk Limit (Stress VaR Limit), which is
a measurement of market risk adjusted to abnormal
Market Risk conditions in the market or maximum potential loss
Identification, measurement, monitoring, and control of when the market is not normal.
market risk is carried out by a unit that is independent 3. Budget Loss Limit which is used to limit the realization
from the business unit. Market Risk Identification is mainly of loss of business activities.
carried out for each new product or activity. 4. Management Action Trigger (MAT), which is the Limit
to take action against the risk of changes in loss value
The objectives of Market Risk Identification include: (early warning signal). MAT completes the loss limit in
1. Determining transactions/products exposed to Market the form of a certain percentage of the loss limit.
Risk. 5. Limit on securities purchases, which is used to limit
2. Grouping the Market Risk based on the existing the concentration of purchases of corporate securities
criteria. by rating and type of currency of the securities
3. Facilitating the measurement of Market Risk and its 6. The Interest Rate Risk in Banking Book (IRRBB) limit
control. uses the Net Interest Income (NII) method and the
Economic Value of Equity (EVE) approach to limit
Periodic Market Risk Measurement is carried out on all interest rate risk in the banking book.
trading book and banking book portfolios exposed to 7. Nominal of open position limit, which is the maximum
Market Risk. BNI conducts Risk Market measurement nominal of open position limit that a dealer can use.
by using Standardized Method and Internal Method. 8. Overall NOP internal limit (absolute), which is the
Standardized Method is used to calculate the Minimum maximum limit of NOP management.
Capital Reserve Requirement (KPMM) of Market Risk,
while daily Market Risk management uses Internal Method Liquidity Risk
(Value at Risk). Liquidity Risk Identification is the process of obtaining and
analyzing the sources of Liquidity Risk that are inherent in
The portfolio coverage calculated in KPMM by using all business activities/transactions/products that can have a
Standardized Method is the trading book portfolio for financial impact on the Bank.
interest rate risk and the trading book and banking book
portfolio for domestic and overseas branch office’s Every activity/product/transaction is analyzed and
exchange rate risk. differentiated to ensure that every Liquidity Risk has been
identified, measured accurately, managed according to the
The process of monitoring and reporting Market Risk is right method, and well controlled.
conducted periodically, including:
1. Monitoring and reporting the amount of Market Risk
on all Bank portfolios exposed to Market Risk.
Annual Report 2020

Risk Management
Liquidity risk management aims to minimize the possibility or device used in managing operational risk including
of the Bank’s inability to obtain cash flow source of fund, recording loss events, compiling follow-up actions, and
and build the strength of the structural liquidity of the mitigating them.
bank’s balance sheet in order to support sustainable long-
term growth. 2. Risk Assessment
Performed by each risk-owner unit through operational
Liquidity Risk Measurement Methods include liquidity ratio, risk self assessment methods, including assessment
maturity profile, cash flow projection, stress testing, and of impacts, frequency, and causes of risks and their
Liquidity Coverage Ratio (LCR). The process of monitoring solutions.
and/or reporting Liquidity Risk is conducted periodically,
including: 3. Risk Measurement
1. Monitoring and reporting the amount of Liquidity Risk In accordance with the Regulatory provisions, the
on all Bank activities/products exposed to Liquidity current operational risk measurement is the Basic
Risk. Indicator Approach method.
2. Monitoring and reporting on compliance with Liquidity
Risk limit (realization of Liquidity Risk exposures 4. Risk Monitoring
compared to their limits). Performed by all units as the first line of defense on
3. Monitoring early warning indicators (internal and the main risks during ongoing operational activities.
external) to determine the potential for increased The Bank’s Risk Management Division evaluates and
Liquidity Risk. gives report/feedback on risk assessments based
4. Recommendation for follow-up on the occurrence of on self assessment results as well as realization on
exceeding limits and/or the occurrence of abnormal operational risk losses that happen that includes:
market conditions, and/or the occurrence of other a. Report feedback for all divisions/units/areas/
conditions that lead to increased Liquidity Risk branches.
potential. b. Monthly reports on Operational Risk Expenses
Monitoring, submitted to the Board of Directors
In managing liquidity, in addition to managing the primary c. Operational Risk Profile Report
reserve (cash and GWM), BNI holds and maintains
secondary reserves to ensure that liquidity is at a safe 5. Risk Control
level. For the reserve of secondary reserve, BNI holds and The operational risk mitigation mechanism is reflected
maintains tertiary reserve. Determination and monitoring in the internal control process by implementing 4
of limits, which are Cash Limit of BNI Wide, limit of (four) risk mitigation strategies, namely avoid, reduce,
Secondary Reserve Ideal (SR Ideal), Maturity Profile limit, transfer and receive, with the aim of minimizing losses
and restriction of Foreign Exchange Credit based on the due to malfunctioning internal processes, human
Availability of Fund is conducted periodically by the Bank’s factors, systems and technology, and external events.
Risk Management Division (ERM) Division. Whereas, the The four risk mitigation strategies are contained in
availability of the entire reserve is monitored daily, weekly, Operational Risk mitigation procedures which include
and monthly by the Treasury Division (TRS) Division and control procedures, transaction settlement and
ERM Division. reconciliation procedures, accounting procedures,
asset and custodian safekeeping procedures, product
Operational Risk supply procedures and Fraud prevention procedures.
BNI’s operational risk management consists of 5 (five)
main continuous processes, which are identification, Business Continuity management
assessment, measurement, monitoring, and control. Disruptions or disasters caused by nature factors, human
1. Risk Identification actions, and systems may happen to BNI’s critical business
The methods used to identify and measure functions, causing disruptions on BNI’S business activities
operational risk among others include: Risk Control and services.
Self-Assessment (RCSA), risk mapping, Key Risk
Indicators (KRI), scorecards, event analysis, frequency To anticipate such events, BNI has implemented a
matrix, quantitative methodologies, and qualitative Business Continuity Management (BCM) in every domestic
methodologies. The implementation of the methods and overseas unit that is expected to be able to minimize
of identification and measurement of operational operational risk in emergency event or disaster situation.
risk in BNI is summarized in an application, namely
PERISKOP (Operational Risk Tool). PERISKOP is a tool
Annual Report 2020

Corporate
Governance
The process of implementing BCM is carried out as Legal risk measurement is carried out based on
follows: calculations using indicators/parameters in identifying
1. Establishing the BCM organizational structure in all legal risks compared to Bank capital. The results of
BNI work units. legal risk measurement are reflected in the Legal Risk
2. Assess the potential risks and threats to get a picture Profile. Monitoring legal risk is carried out by evaluating
of disaster events that have the highest likelihood and the exposure of inherent legal risk, especially of material
the greatest impact. As well as estimating the actions nature or that has impact on BNI’s capital. The monitoring
and facilities that must be prepared. results which includes evaluation of legal risk exposure
3. Identifying critical business processes (Business are reported regularly including the necessary follow-up
Impact Analysis - BIA) for BNI business continuity in actions.
the event of an emergency/disaster. BIA is a reference
for units in developing priorities and recovery The implementation of the legal risk control process is
strategies and recovery timeframes for their main used by BNI to manage legal risks especially those that
business activities. could endanger BNI’s business continuity. Legal Risk
4. Make a plan for handling emergency conditions as control process is carried out among others by:
a reference for units in the prevention and handling 1. Conducting evaluation/assessment in the form of
of emergency conditions and as a reference for judicial reviews in the event of new products or new
implementing building safety and safety standards. activities, or changes in/additional features on BNI’s
5. Making a Recovery Strategy with the aim of preparing products.
an organized way to make decisions in the event of an 2. Providing legal advice and/or legal assistance in the
emergency that interferes with the bank’s business event of Legal Risks in the operational activities.
activities. 3. Periodically reviewing standard agreement formats,
6. Create a Return Strategy (Return Strategy) with in particular credit agreements, in order to ensure
the aim of providing a way to return functions and compliance with laws and regulations and other
activities to the service level before a disaster occurs. applicable provisions.
4. Periodically reviewing contracts and agreements
The development of this tool is in line with the Regulatory between BNI and other parties, especially for
requirements requiring banks to implement risk control nonstandard agreements or agreements that have not
process to manage risks that could compromise a bank’s been standardized in the Company Guidelines.
business continuity, and also in line with the Basel II 5. Conducting intensive monitoring on legal issues,
document requiring banks to have business continuity particularly lawsuits based on Act Against the Law
management and contingency plans to ensure the involving the Bank as Defendant or Co-defendant.
bank’s ability to keep operating and to limit losses due
to disruption on their business activities. Beside the Reputation Risks
provisions of the Regulator and Basel II for Overseas To identify and measure the impact of Reputation Risk, BNI
Branch Office, BCM is implemented by fulfilling BCM uses several sources of information including mass media
regulations in the local country. coverage, Bank websites, and analysis of social networks,
customer complaints through customer service,and
Legal Risk customer satisfaction questionnaires.
The legal risk identification process is carried out by
analyzing all legal risk sources, which at least carried out Monitoring of news management and crisis
on legal risk from BNI’s products and business activities, as communication management and monitoring of news
well as the new products and business activities through media/social media opinions/comments is conducted
legal risk management control process before they are in a coordinated manner between the Bank’s Risk
introduced or implemented. Management Division and the Corporate Communication
and Secretariat Division, while management of complaints/
The process of identifying legal risks inherent in the Bank customer grievances is carried out in collaboration with
is carried out using indicators/parameters of: BNI Contact Center (BCC).
1. Litigation Factor
2. Weak Binding Factor
3. Factor of Absence/Amendment to Laws
Annual Report 2020

Risk Management
The Corporate Communication and Secretariat (KMP) Strategic Risk

Division monitors and reports Reputation Risk that occurs Strategic risk identification is carried out to identify
to the Board of Directors both incidentally at the time of strategic risk factors inherent in every functional
the incident and periodically including the necessary follow- activity that potentially harms BNI for example due to
up actions. BNI has developed mechanism in performing inappropriate policy, less responsive to changes that occur,
effective reputation risk control measures. In general, implementation of policies that are not according to plan,
reputation risk control is carried out through 2 (two) or because the implementation is not in line with the
activities, which are: predefined schedule.
1. Prevention of events leading to reputation risk
2. Recovery of the Bank’s reputation after an incident Risk measurement approach used in measuring Strategic
arising reputation risk occurs. Risk Profile is using 4 (four) parameters, which are:
strategy suitability with the business environment
Compliance Risk conditions, highrisk strategies and low-risk strategies,
Compliance risk identification is carried out by analyzing BNI’s business position against competitors, and the
several factors that can increase compliance risk achievement of Bank’s Business Plan (RBB) realization.
exposures such as the type and complexity of BNI’s
business activities, including new products and activities, Strategic Planning Division (REN) monitors the realization
the volume and materiality of the Bank’s non-compliance of Business Plan Strategies for each Division/Unit so that
with internal policies and procedures as well as the problems can be identified in implementing strategies
applicable laws and regulations and provisions as well as and work programs in order to be corrected immediately
sound business ethics and practices. so that the financial targets that have been set can be
achieved.
Compliance Risk Measurement is carried out by using
indicators/parameters such as: Risk of Intra-Group
1. Types and significance of violations committed; Transactions Identification of intra-group transaction
2. Frequency of violation (BNI’s compliance track record); risk is carried out by analyzing the types of products
3. Violation against certain financial transaction and/or transactions between LJK in the BNI Financial
provisions. Conglomerate that may pose an intra-group transaction risk
in the BNI Financial Conglomerate.
As part of the compliance risk measurement, the
indicators/parameters and the amount of weight and Measurement of intra-group transaction risk aims to rank
ratio used to measure the compliance risk profile are the risk level of intra-group transaction of the Financial
determined by the Compliance Division with due regard Conglomerate. The things that need to be done by BNI as
of input from the Board of Directors, the Bank’s Risk the main entity in measuring intra-group transaction risk
Management Division (ERM), and other Units as well as is to compile an intra-group transaction risk measurement
Regulatory provisions, if any. Compliance Division carries methodology and to evaluate the suitability of the
out monitoring and reporting the Compliance Risk that assumptions, data sources, and procedures used to
occurs to the Board of Directors either incidentally at the measure intra-group transaction risk.
time Compliance Risk occurs or periodically.
Monitoring of intra-group transaction risk is carried out by
Compliance Risk Control is carried out by conducting evaluating the exposure of Intra-group Transaction Risk that
actions or measures that are preventive to ensure that is material or that has an impact on the capital condition of
policies, provisions, systems, and procedures, as well as the Financial Conglomerate; and to improve the process
business activities carried out by BNI are in accordance and scope of reporting, among others, if there are changes
with the Regulatory provisions and applicable laws and in business activities, products, transactions, and risk
regulations, as well as to ensure BNI’s compliance with factors that are material.
the commitments made to the Regulators and/or other
authorized supervisors. Compliance Risk Control is not only To assess material financial relationships in an intra-
carried out on organizational units in the country but also group relationship between LJK in the BNI Financial
includes organizational units overseas. Conglomerate, it is measured based on the value of
BNI’s financial transactions with LJK members of the BNI
Financial Conglomerate, and between fellow LJKs in the
BNI Financial Conglomerate.
Annual Report 2020

Corporate
Governance
The control of intra-group transaction risk at the BNI Risk Management Implementation Quality
Financial Conglomeration is carried out by taking into Assessment
account: The quality assessment of Risk Management
1. The composition of inherent risk parameters for intra- implementation reflects the assessment of the adequacy
group transactions in the assessment of integrated of Risk control system that covers all pillars of the
risk profiles; implementation of Risk Management as stipulated in
2. Fulfilling the principle of arm’s length (fairness of the provisions of the Financial Services Authority on the
transactions) related to intra-group transactions; implementation of Risk Management for Commercial
3. Availability and completeness of intra-group Banks. The implementation of Bank Risk Management
transaction documentation; and varies greatly according to scale, complexity, and level
4. Fulfilment of legal/regulatory provisions that apply to of risk that the Bank can tolerate. Thus, in assessing
each intra-group transaction. the Quality of Risk Management Implementation, it is
necessary to consider the characteristics and complexity
Insurance Risk of the Bank’s business. The quality assessment of Risk
Group insurance risk identification is done by analyzing Management implementation is an assessment of 4 (four)
factors that can increase insurance risk exposure such interrelated aspects, which are:
as inadequate risk selection process (underwriting), 1. Risk governance;
determining premiums (pricing), reinsurance use, and/or 2. Risk Management Framework;
claim handling 3. Risk Management process, adequacy of human
resources, and adequacy of management information
Risk measurement uses the parameters of Technical Risk, systems; and
Insurance Risk Domination of the Overall Business Line, 4. Adequacy of the Risk control system, by considering
Product Risk Mix and Types of Benefits and Reinsurance the characteristics and complexity of the Bank’s
Structure business.
BNI Risk Assessment Risk Profile Assessment Results

Risk Profile Assessment is an assessment of inherent Risk The results of the BNI individual Risk Profile self-
and Quality of Risk Management Implementation in the assessment position as of December 31, 2019 are ranked
Bank’s operational activities. Risks that must be assessed 2 (low to moderate) with Low to moderate Inherent Risk
consist of 8 (eight) types of risks. In assessing the Risk Rating and Satisfactory Quality of Risk Management
Profile, the Bank must also pay attention to the scope of Implementation (KPMR) ranking.
the application of risk management as regulated by the
regulator. Basel III Implementation
Referring to Financial Services Authority Regulation No.
Inherent Risk Assessment 11/POJK.03/2016 dated February 02, 2016, concerning
Inherent Risk Assessment is an assessment of the risks Minimum Capital Requirement (KPMM) for Commercial
inherent in the Bank’s business activities, whether they Banks, as amended by Financial Services Authority
can be quantified or not, which has the potential to affect Regulation No. 34/POJK.03/206 that the Bank must
the Bank’s financial position. provide minimum capital in accordance with the Risk
Profile.
The characteristics of the Bank’s inherent risk are
determined by internal and external factors, including In addition to the minimum capital requirement according
business strategy, business characteristics, complexity of to the Risk Profile, the Bank is also required to form
products and activities of the Bank, industry in which the additional capital as a buffer which includes the Capital
Bank conducts business activities, and macroeconomic Conservation Buffer, Countercyclical Buffer, and Capital
conditions. Surcharge for Systemic Banks. Based on the calculation
of BNI’s capital adequacy position as of December 31,
Assessment of inherent Risk is carried out by considering 2019, BNI’s CAR of 19.7% is still above the required
quantitative and qualitative parameters/indicators. capital requirement of 13.95%, which is the requirement
Determination of inherent risk level for each type of risk according to Risk Profile (rank 2) and additional buffer
refers to the general principles of assessing the Sound capital, namely Conservation Buffer 2.5%, Countercyclical
Level of Commercial Bank. Determination of inherent Buffer (0%), and Capital Surcharge (1.5%).
risk level for each type of risk is categorized into rank 1
(low), rank 2 (low to moderate), rank 3 (moderate), rank 4
(moderate to high), and rank 5 (high).
Annual Report 2020

Risk Management
In addition, to anticipate the implementation of Basel III 2. Increased operational risk Capability
related to liquidity, BNI has also improved liquidity risk To meet the regulatory provisions and support
management in the form of applying Liquidity Coverage better and more comprehensive operational risk
Ratio (LCR) and Net Stable Funding Ratio (NSFR) management of BNI, a tool/solution is needed that
calculations which aim to strengthen and improve the can carry out the process of identifying, measuring,
quality of liquidity risk management. The LCR calculation monitoring, and controlling operational risk, including
aims to increase the short-term liquidity security of banks Business Continuity Management (BCM).
by maintaining adequate High Quality Liquid Assets
(HQLA) to meet liquidity needs over the next 30 days in This tools/solutions in the form of applications for
crisis conditions, while the NSFR aims to reduce liquidity Operational Risk Management (ORM) solutions and
risk related to funding sources for a longer period length Business Continuity Management (BCM) have the
by requiring BNI to fund activities with an adequate source capability of:
of stable funds in order to mitigate the risk of funding a. Risk Control Self-Assessment (RCSA).
difficulties in the future. Based on the results of the b. Loss Event Database (LED).
calculation of the position of December 31, 2019, BNI’s c. Key Risk Indicator (KRI).
LCR was 181% and BNI’s NSFR was 136%, still above the d. Business Continuity Management (BCM).
minimum required requirement of 100%.
The existence of operational risk management tools/
Improvement and refinement of risk management For solutions can provide substantial benefits to BNI as
future development, BNI has planned several initiatives follows:
to improve the capability and quality of risk management a. Carry out operational risk management process
implementation, including: in all BNI units in an integrated solution that is
1. Increased Credit Risk Capability expected to be able to improve the Bank’s risk
a. Improve risk management and credit processes management quality.
- Synchronization of Watch list and IRS Online b. Have a comprehensive, accurate, and timely
with the Development Project of Internal Rating operational risk database.
Based (IRB) Model along with the Rating System c. Provide data analysis and reporting on Operational
Structure, which aims as a solution for: Risk Management.
• Providing the best results (best return), d. Better operational risk management and BCM.
evaluating and analyzing strategies, and
supporting the decision-making process by 3. Increased market risk Capability
developing risk-based pricing, risk-based In accordance with the regulatory provisions, in
performance, and portfolio management. 2020 all Banks are required to measure the impact
• Monitoring (monitoring tools) on the of changes in interest rates on the Banking Book
performance of corporate, medium, and small (Interest Rate Risk in The Banking Book/IRRBB).
debtors. The calculation method is carried out with 2 (two)
• Calculation of CKPN is in accordance with approaches, namely Net Interest Income (NII) method
PSAK 71. and Economic Value of Equity (EVE) method. Banks
are required to simulate interest rates shock with 6
The benefits of developing IRB Model for BNI (six) scenarios according to Basel and see the impact
include: on the Bank’s profitability and capital. By considering
• Improving BNI’s credit quality. the complexity of data, products, and models used,
• Assisting business units in selecting IRRBB calculation application is currently being
prospective debtors. developed so that the results obtained are expected to
• Becoming an early warning signal in be more accurate.
monitoring managed debtors to reduce the
provision that needs to be established. 4. Increased risk Integration Capability
One of the initiatives to improve the Quality of Risk
b. Implementing the Integrated Decision Automated Management Implementation is through developing
System (IDEAS) which can be a tool for BNI strong risk culture. Risk culture is a collective form of
to move more flexibly and quickly in capturing values, attitudes, and perceptions of each individual
dynamic and competitive market changes, while or group in the company regarding risk and its
still minimizing risk through the implementation management. The existence of Risk Culture greatly
of credit scorecard through more comprehensive influences the effectiveness of risk management
use of customer data on all customer life cycles. implementation and ultimately the achievement of
Annual Report 2020

Corporate
Governance
sustainable corporate performance. Matters that will 1. The Financial Conglomeration (KK) must implement
be conducted are evaluating the risk culture in BNI at the Integrated Risk Management.
this time by using survey method, identifying gaps or 2. The Financial Conglomeration includes the types of
weaknesses based on the survey results, identifying Financial Services Institutions (FSI) as follows:
gaps or weaknesses based on the survey results, and • Bank
developing strategies for improvement efforts. • Insurance/Reinsurance Company
• Securities Company
One of the initiatives to improve Risk Management • Financing Companies
monitoring that will be carried out includes enhancing 3. The Financial Conglomeration must have Main
the Risk Management Information System (RMIS), Entity. In the event that the Financial Conglomeration
especially in the Bank Health Level (TKB) calculation structure consists of parent FSI and subsidiary FSI, the
module and Branch Level Risk Profile calculation. It Main Entity is the parent FSI.
is hoped that the enhancement will provide a more
detailed portrait of BNI Risk up to the Branch Office BNI has formed its Financial Conglomeration Structure,
level so that it can be useful in Management decision BNI as the holding company is the Main Entity and has
making. 5 (five) Financial Services Institutions as members of
BNI’s Financial Conglomeration, namely BNI Syariah,
Implementation of Integrated risk BNI Multifinance, BNI Life, BNI Sekuritas, and BNI Asset
management Management.
Generally, the regulation scope of the Integrated Risk
Management according to the Financial Services BNI’s Financial Conglomeration Structure was submitted
Authority Regulation No. 17/POJK.03/2014 concerning to the Financial Services Authority cfm. Board of Directors’
Implementation of Integrated Risk Management for Letter No. Dir/102, dated March 13, 2015, as follows:
Financial Conglomeration is as follows:
BNI Financial Conglomerate Structure

MAIN ENTITY
Multifinance Sekuritas Life Syariah

Financing Securities Life Insurance Sharia Banking
1983 99,98% 1995 75,00% 1996 60,00% 2010 99,94%
Asset
Management
Asset Management
2011 99,90%
In implementing the Integrated Risk Management, BNI’s Financial Conglomeration has a joint commitment to perform
duties and responsibilities of each FSI as stated in the Integrated Risk Management Pact that has been approved and
signed by the President Director and President Commissioner as well as the entire FSI Members of BNI’s Financial
Conglomeration.
Annual Report 2020

Risk Management
Based on Financial Services Authority Regulation No. 17/ c. Preparing the Integrated Risk Profile Assessment
POJK.03/2014, Financial Conglomeration must implement Procedures;
an effective Integrated Risk Management that covers the d. Preparing the Integrated Capital Management
following 4 (four) pillars: Procedures; and e. Establishing the integrated risk
1. Monitoring of the Main Entity’s Board of Directors and limit and mechanism of escalation of limit excess.
Board of Commissioners;
2. Adequacy of policies, procedures, and limit 3. Pillar III: Adequacy of process of risk identification,
establishment of the Integrated Risk Management; measurement, monitoring, and control in an integrated
3. Adequacy of process of risk identification, manner, and the Integrated Risk Management
measurement, monitoring, and control in an integrated Information system, by:
manner, and the Integrated Risk Management a. Establishing the Integrated Risk Profile
Information System; methodology and assessing every semester and
4. Overall internal control system on the implementation reporting to FSA.
of Integrated Risk Management. b. Establishing the Integrated Mandatory Minimum
Capital Requirement (KPMM), calculating every
In implementing the Integrated Risk Management, BNI as semester and reporting to FSA.
the Main Entity has carried out the following matters: c. Determining the integrated risk appetite
1. Pillar I: monitoring of the Main Entity’s Board of parameter and methodology, monitoring every
Directors and Board of Commissioners, by: quarter, and reporting to the Director in charge of
a. Establishing BNI’s Financial Conglomeration the Integrated Risk Management.
Structure; d. Determining the Integrated Risk Limit parameter
b. Appointing a Director in charge of Integrated Risk and methodology, monitoring every quarter,
Management function; and reporting to the Director in charge of the
c. Establishing the Integrated Risk Management Integrated Risk Management.
Committee and the Integrated Risk Management e. Determining the Leading Risk Indicator (LRI)
Work Unit; assessment parameter and methodology,
d. Preparing the Integrated Risk Management Pact monitoring every month, and reporting to
which has been signed by the President Director the Director in charge of the Integrated Risk
and President Commissioner and the entire FSI Management.
Members of BNI’s Financial Conglomeration; f. Conducting the integrated stress testing on
e. Conducting the Integrated Risk Management volatility of exchange rates and interest rates in
Committee (KMRT) at least 2 (two) times in a BNI’s Financial Conglomeration.
year; g. Developing technology-based Integrated Risk
f. The Board of Directors prepares the Integrated Management Information System.
Risk Management General Policies (KUMRT) and
the Integrated Capital Policies as well as conducts 4. Pillar Iv: Overall internal control system on the
review at least 1 (one) time in 1 (one) year; implementation of Integrated Risk Management, by:
g. The Board of Commissioners gives approval a. Disseminating the Integrated Risk Management
of the Integrated Risk Management General to the entire FSI Members of BNI’s Financial
Policies(KUMRT) and the Integrated Capital Conglomeration on a continuous basis.
Policies as well as conducts evaluation at least 1 b. Monitoring the Integrated Risk Management
(one) time in 1 (one) year; implementation of the entire FSI Members of
h. Determining the integrated risk appetite and risk BNI’s Financial Conglomeration.
tolerance in BNI’s Financial Conglomeration.
2. Pillar II: Adequacy of policies, procedures, and limit Results of the Integrated Risk Profile
establishment of the Integrated Risk Management, by: Assessment
a. Preparing and reviewing the Integrated Risk The results of the Integrated Risk Profile assessment are
Management General Policies (KUMRT) and the carried out on 10 (ten) types of Risks as of December
Integrated Capital Management; 31, 2019, which is ranked 2 (Low to Moderate) with
b. Preparing the Integrated Risk Management Low to Moderate Inherent Risk Rating and Satisfactory
Procedures including Inter-Group Transaction Risk Risk Management Implementation Quality Assessment
Management Procedures; (KPMR).
Annual Report 2020

Corporate
Governance
Internal Control System
Internal Control System (SPI) is a monitoring mechanism CoNTrol eNvIroNmeNT

established by the Bank’s management on an ongoing
basis that is implemented by all management and Control environment reflects the overall commitment,
employees at every level of the Bank’s organization. behavior, concern, and steps of the Board of Directors and
Therefore, an effective Internal Control System (SPI) is Board of Commissioners in implementing BNI’s operational
an important component in Bank management and is the control activities.
basis for healthy and safe Bank operations. Implementation
of the Internal Control System is the responsibility of all Elements of control environment in BNI include:
parties involved in the Internal Control System, as outlined 1. Sufficient organizational structure;
in the duties and responsibilities of each party. 2. BNI’s leadership style and management philosophy;
3. Integrity and ethical values, as well as employees’
competence;
CoNTrol PurPoses 4. Human Resources policies and procedures;
5. Attention and direction of BNI’s management and
The purposes of Internal Control System in BNI are: other committees, such as Risk Management
1. Compliance with the provisions and laws and Committee.
regulations (Compliance objective). 6. External factors affecting BNI’s operations and the risk
This is Intended to guarantee that all BNI’s business management implementation.
activities have been carried out in accordance with
the provisions and laws and regulations, either BNI’s Internal Control System covers:
provisions issued by the government, the Financial 1. Strategic control, aiming at ensuring that each strategy
Services Authority, or internal policies and procedures or policy that has been determined is in accordance
established by BNI. with BNI’s objectives, vision and mission.
2. Operations control, aiming at achieving operational
2. The availability of complete, accurate, effective, efficiency and effectiveness.
and timely financial and management information 3. Reporting control, aiming at ensuring the quality of
(Information objective). each information/reporting produced and used in
This is intended to guarantee the availability of decision making either internally or externally.
complete, accurate, effective, and timely reports 4. Obedience control, aiming at ensuring the level of
necessary in order to make appropriate and compliance with law, regulations and laws related to
accountable decisions. operations.
3. The effectiveness and efficiency in BNI’s business

activities (operational objectives). rIsK assessmeNT
This is intended to increase the effectiveness and
efficiency of the use of assets and other resources in The risk assessment (measurement) system is used to
order to protect BNI from the risk of loss. measure risk exposure as a reference in controlling risk.
Risk assessment for 8 (eight) types of risks that must be
4. Increasing the effectiveness of risk culture in BNI’s managed by BNI are as follows:
organization as a whole (risk Culture objective). 1. Credit Risk Assessment.
This is intended to identify weaknesses and Credit Risk Assessment is carried out including the
assess deviations early, as well as reassess the following aspects:
reasonableness of the policies and procedures in BNI a. Amount, quality, and composition of exposure of
on an ongoing basis. balance sheet and administrative accounts.
b. The level of credit risk of debtors/counterparties.
c. Credit characteristics.
d. Business environment condition.
Annual Report 2020

e. Rating system and scoring system. 4. Liquidity Risk Assessment.

f. Stress testing. Liquidity risk assessment is carried out to measure
and monitor the need for sustainable net funding.
2. Market Risk Assessment.
Market risk assessment is carried out on all portfolios The liquidity risk assessment process includes:
of trading book and banking book. a. Assessment of liquidity ratios includes Liquidity
Coverage Ratio (LCR) and Net Stable Funding
Market risk assessment on the trading book includes: Ratio (NSFR).
a. Measurement of market risk sensitivity - standard b. Maturity profile assessment.
method. c. Projected cash inflows and outflows.
b. Aggregation uses Value at Risk (VaR) - internal d. Stress Testing liquidity risk.
model.
c. Stress testing market risk. 5. Legal Risk Assessment.
Legal risk assessment/measurement can use
Market risk assessment on the banking book, among indicators/parameters in the form of:
others, includes: a. Potential losses arising from litigation claims,
a. Measurement of interest rate risk on the banking b. Weakness in binding, as well
book. c. The absence/occurrence of changes in
b. Measurement of exchange rate risk on the regulations/laws that underlie the issuance of a
banking book. product or service.
3. Operational Risk Assessment. 6. Strategic Risk Assessment.

One method that can be used to assess operational Strategic risk assessment/measurement can use
risk in BNI is Self Assessment, which is a series indicators/parameters in the forms:
of activities carried out by each unit (risk owner) in a. Strategy suitability with business environment
identifying operational risk issues in each unit, looking conditions
for causes, measuring potential losses that may arise, b. High-risk strategies, and low-risk strategies
and finding solution to overcome them. c. BNI’s business position towards competitors
d. Achievement of Bank’s Business Plan (RBB)
Operational risk is classified into categories and sub realization.
categories to facilitate risk assessment, control, and
reporting for 7 (seven) operational risk events, which 7. Compliance Risk Assessment.
are: Compliance risk assessment/measurement can use
a. Internal fraud; indicators/parameters in the forms;
b. External crime; a. Type, significance, and frequency of violations
c. Employment and occupational safety practices; against the applicable provisions, and
d. Clients, products, and business practices; b. Violations against provisions of certain financial
e. Damage to physical assets; transactions.
f. Business interruption and system failure; and
g. Execution, shipping, and process management. 8. Reputation Risk Assessment.
Reputation risk assessment/measurement can use
indicators/parameters in the forms:
a. Reputation influence from the owner of BNI and
related company
b. Violation of business ethics
c. Product complexity, and BNI’s business
cooperation
d. Frequency and materiality of the Bank’s negative
reporting, as well as
e. frequency and materiality of customer complaints.
Annual Report 2020

Corporate
Governance
ComPlIaNCe wITh The Coso 3. Information System Control This includes

frameworK verification of the accuracy and completeness of
transactions and authorizations, general control
BNI’s Internal Control System refers to the Financial and application control.
Services Authority Circular No. 35/SEOJK.03/2017 dated 4. Physical Asset Control activities include securing
July 7, 2017 concerning the Standard Guidelines for assets, limiting access to computers and data
Internal Control Systems for Commercial Banks, in line files.
with the COSO framework and the Basel Committee - 5. Documentation, including documentation of
Internal Control, covering 5 (five) key interrelated elements accounting policies, procedures, systems &
in the Bank’s internal control system including: standards as well as audit processes adequately.
1. Management supervision and control culture Risk
2. Identification and assessment c. Control activities according to the type of risk
3. Control activities and separation of functions Control activities have been set out in policy and
4. Accounting, information and communication systems procedure documents to identify risks (ie. risks of
5. Monitoring activities and deviations/weaknesses market, liquidity, credit, operation, legal, compliance,
correction actions reputation, and strategic).
1. Credit Risk Control.
• Credit supervision covers all credit aspects
CoNTrol aCTIvITIes and all objects of supervision without
exception
Control activities are carried out to ensure that appropriate • Credit internal control
actions have been taken in controlling a risk.
2. Market Risk Control.
Control activities For control purposes, the process of identifying
a. General Control activities. and measuring market risk is carried out by units
Control activities shall involve all employees including that are independent of the business activities,
the Board of Directors, be planned and carried out to in this matter, it is carried out by the Risk
ensure that management directives have been carried Management Work Unit.
out. Control activities shall be contained in policies
and procedures to ensure that every activity is carried The authority and responsibilities of the Risk
out effectively and to encourage anticipatory actions Management Work Unit in controlling market risk
against the risks inherent in each operational activity. are:
• Approving and validating the proposed model/
b. Control activities according to organizational method that can be used in measuring
functions. market risk.
An effective Internal Control System requires an • Developing market risk measurement
establishment of a control structure in accordance models.
with the organizational structure, which includes: • Checking the correctness of market risk
1. Top Management Reviews calculations based on the risk reports
The Board of Directors actively requests received.
presentations and performance reports on a • Determining the confidence level used.
regular basis, in order to evaluate BNI’s progress e. Establishing parameters for market risk
towards its intended objectives. Determination stress testing.
of objectives shall be in accordance with the risk • Proposing model and parameters used
management policy prepared by considering the in measuring market risk by the Treasury
risk level to be taken (risk appetite), the level and Division.
type of risk that is maximally set (risk tolerance), • Measuring market risk.
and limit setting. • Conducting back testing and stress testing;
2. Operational Performance Review (Functional
Reviews) The review is carried out by the Internal
Audit Unit periodically.
Annual Report 2020

3. Operational Risk Control. Legal risk control is carried out by a Work Unit
Management and control of operational risk is functioning to manage legal risk, among others,
carried out through coordination between the through:
Risk Management Work Unit and the Operational • Assessment in the form of juridical study,
Work Unit in stages. In addition, BNI also has an in the event of a plan to add/develop new
Operational Risk Management Forum (FRO) as a products or activities.
means of formal coordination between work units • Provision of legal advice and/or legal
to discuss operational risk issues as well as follow assistance in the event of legal risks in
up on mitigation that must be taken. The roles operational activities.
and supports needed from the Operational Work • Reviewing contracts and agreements with
Unit are: other parties periodically.
• Submitting the risk exposure report
periodically/incidentally to the Risk 6. Strategic Risk Control.
Management Work Unit Strategic risk control is carried out by:
• Ensuring that risk management is within • Conducting an effective, independent, and
each Operational Work Unit (risk taking unit/ objective review of the strategic policies
risk owner), therefore, such unit shall be outlined, among others, in the form of
responsible for managing the risks inherent in a review of the implementation and
transactions/activities on a daily basis. achievement of performance against the
targets set out in the Bank’s Business Plan
Procedure of Business Continuity Plan (BCP). through meetings of the Board of Directors
Operational risk control also includes procedure and Board of Commissioners (Radikom),
of Business Continuity Plan (BCP). BCP is a Board of Directors Meetings (Radisi), Sectoral
formal mechanism/plan that is a combination of Meetings, and Business Review.
strategies, policies, procedures, and organizations • Adequate testing and reviewing of the
developed to ensure the continuity of operations management information systems.
of critical business functions at certain level of
services during a disruption or disaster. 7. Compliance Risk Control.
Compliance risk control is carried out through ex-
4. liquidity Risk Control. ante (preventive) actions aimed at:
Liquidity risk control is carried out by: • Ensuring that policies, provisions, systems,
• Monitoring and taking alternative strategies and procedures, as well as business activities
for each Secondary Reserve (SR) traffic light, in BNI are in accordance with the provisions
which are: Dark Green, Light Green, Light of the Regulators and applicable regulations.
Yellow, Dark Yellow, and Red. • Ensuring compliance with the established
• Conducting funding strategies, managing commitments.
liquidity position and daily liquidity risk,
managing liquidity position and inter-group 8. Reputation Risk Control.
liquidity risk as regulated in the Global Reputation risk control is carried out by:
Funding Policy, Asset Management Policy, • Managing, following up, and resolving
and Asset & Liability Management Policy. customer complaints and lawsuits that can
immediately increase reputation risk.
5. Legal Risk Control. • Developing a reliable mechanism for effective
Legal risk control is carried out by ensuring that reputation risk control measures.
BNI’s agreements with third parties have secured
BNI’s interests. Information and Communication
The information system shall be able to produce reports
on business, financial conditions, risk management
implementation, and fulfillment of provisions that support
the duty implementation of the Board of Directors and
Annual Report 2020

Corporate
Governance
Such information includes:

1. Internal and external information obtained and submitted to the Management is related to the performance of
achieving the Bank’s goals.
2. The resulting information is sufficient and timely, therefore, it can carry out its responsibilities effectively and efficiently
The necessary information system includes:

1. Development and up-grade of information systems, based on information system strategic plans and associated with
the Bank’s overall strategies and achievement of the Bank’s goals.
2. The system used to produce information, both electronic and manual systems, shall meet the following requirements:
a. Secured;
b. Monitored independently; and
c. Supported by provisions of adequate contingency plan.
When processing information in electronic format, the system used shall have adequate audit trail.
Monitoring Activities
Monitoring of BNI’s activities in business units and functional units is carried out through three lines of defenses, which are:
#1 #2 #3
Risk Taking Unit Risk Control Unit Risk Assurance
or 1st Line of Defense or 2nd Line of Defense or 3rd Line of Defense
Risk Owner, responsible for the risks taken, Risk Control, responsible for developing the Risk Assurance, responsible for independently
execution and results (Day to day risk Bank’s risk management framework, policies, evaluating the effectiveness of risk management
management & control) principles and methodology and internal control implementation
• Responsible for managing and controlling • Prepare risk management strategies and • Conduct independent and periodic internal
risks inherent in day-to-day business activities policies, including risk appetite & limits audits on the implementation of risk
or functions; • Develop a framework, policies, principles, management and internal control.
• Identify, measure, mitigate, monitor and tools, methodologies and risk management • Prepare corrective action recommendations
report risks inherent in business activities/ standards and monitor their implementation.
functions in accordance with the strategy/ • As a risk oversight unit, carry out aggregation • Report the audit results to the Audit
policy/risk parameters set by the 2nd line of and overall risk reporting. Committee and key stakeholders according
defense. • Advice or provide recommendations to the to authority
1st line defense in implementing risk policies
according to authority
• Escalating issues/important decisions to the
Senior Management/Directors and/or the
Risk Committee and Capital Committee of
the Risk Management Sub-Committee and/or
the Integrated Risk Management Committee.
evaluaTIoN of The ImPlemeNTaTIoN of INTerNal CoNTrol sysTems
Company Guidelines (PP) of the Internal Control System are evaluated at least 1 (one) time in 1 (one) year or in the event
that there are changes in factors that significantly affect BNI’s business activities.
The self assessment results of the adequacy of the BNI Internal Control System individually for 2020 are as follows:
BNI Credit Liquidity Operational Legal Strategic Compliance Reputation Composite

Market Risk
Only Risk Risk Risk Risk Risk Risk Risk Risk
Score 2.73 2.00 2.00 3.00 2.00 1.94 2.00 2.00 2.36
Annual Report 2020

The adequacy of the BNI Internal Control System is Principles of Intra-Group Transaction risk
composite in rank 2 (Low to Moderate) which means management
adequate. In the event that there are still minor Things that need to be done by BNI as the main entity in
weaknesses that need to get management’s attention to implementing Intra-group transaction Risk Management in
follow up on improvements in the future. the BNI Financial Conglomerate include:
a. Having sufficient intra-group transaction risk
management process for the Financial Conglomerate
INTra-GruP TraNsaCTIoN PolICy as a whole.
IN BNI fINaNCIal CoNGlomeraTIoN b. Monitor intra-group transactions in the Financial
- uNDersTaNDING The INTra-GruP Conglomerate and prepare periodic reports.
TraNsaCTIoN rIsK c. Encourage public disclosure related to intra-group
transactions.
The relationship between ownership and/or control in d. Consider the impact of intra-group transactions on
various financial services sectors will affect the business the performance of LJK members of the Financial
continuity of Financial Services Institutions (LJK) caused by Conglomerate directly or on the BNI Financial
risk exposures arising either directly or indirectly from the Conglomerate as a whole.
business activities of entities incorporated in a Financial
Conglomerate. Therefore, the Financial Services Authority Types of Transactions that might Pose to
(OJK) has issued a number of regulations regarding Intra-Group Transaction risks
the implementation of integrated Risk Management in The types of transactions that may pose risks to intra-
conglomerates in the financial services industry, one of group transactions at the BNI Financial Conglomerate
which is the obligation of the Financial Conglomerate to include the following, but not limited to:
manage intra-group transaction risk. a. Cross ownership between LJK in the Financial
Conglomerate;
Intra-group transaction risk is the risk arising from the b. Centralized short-term liquidity management in the
dependency of an entity, directly or indirectly, on other Financial Conglomerate;
entities within a Financial Conglomerate in the context c. Guarantees, loans, and commitments given or
of fulfilling the obligations of a written or unwritten obtained by a LJK from other LJK in the Financial
agreement that is followed by a fund transfer and/or is not Conglomerate;
followed by a fund transfer. d. Exposures to controlling shareholders, including loan
exposures and off-balance sheets such as guarantees
The purpose of Intra-Group Transaction and commitments;
risk management e. Purchase or sale of assets from one LJK to another
The application of Intra-group transaction Risk LJK in the Financial Conglomerate;
Management in the BNI Financial Conglomeration aims to: f. Risk transfer through reinsurance; and
a. Manage and oversee the risk of intra-group financial g. Transactions to divert third party risk exposure
conglomerate transactions based on the principle of between LJK in financial conglomerates.
prudence.
b. Ensuring that the integrated risk management process Adequacy Of The Risk Identification,
can minimize the possibility of negative impacts Measurement, Monitoring And Control
caused by the dependency of an LJK either directly or Process And The Intra-Group Transaction
indirectly on other LJK in one Financial Conglomerate, Risk Management Information System
as well as the negative impact on the overall business In the implementation of intra-group transaction risk
condition of the BNI Financial Conglomerate. management, BNI as the Main Entity carries out the
process of identifying, measuring, monitoring and
controlling risks to all material risk factors in an integrated
manner, and is supported by an intra-group transaction risk
management information system that adequate.
Annual Report 2020

Corporate
Governance
a. Identification of Intra-Group Transaction Risks d. Intra-group Transaction risk Control

Identification of intra-group transaction risk is carried In order to carry out risk control, BNI as the Main
out by analyzing types of products and/or transactions Entity ensures that the BNI Financial Conglomerate
between LJK in the BNI Financial Conglomerate that has a method of controlling intra-group transaction
may pose an intra-group transaction risk in the BNI risks that could endanger the business continuity of
Financial Conglomerate. the Financial Conglomerate.
b. Measurement of Intra-Group Transaction risk The control of intra-group transaction risk at the BNI
Measurement of intra-group transaction risk aims to Financial Conglomeration is carried out by taking into
rank the risk level of intra-group transaction of the account:
Financial Conglomerate. The things that need to be 1) The composition of inherent risk parameters for
done by BNI as the main entity in measuring intra- intra- group transactions in the assessment of
group transaction risk is to compile an intra-group integrated risk profiles;
transaction risk measurement methodology and 2) Compliance with the principle of arm’s length
to evaluate the suitability of the assumptions, data (fairness of transactions) related to intra-group
sources, and procedures used to measure intra-group transactions;
transaction risk. 3) Availability and completeness of intra-group
transaction documentation; and
c. Intra-group Transaction risk monitoring 4) Compliance with legal/regulatory provisions that
Monitoring of intra-group transaction risk is carried out apply to each intra-group transaction.
by evaluating the exposure of Intra-group Transaction
Risk that is material or that has an impact on the e. Intra-group Transaction risk management
capital condition of the Financial Conglomerate; and to Information system
improve the process and scope of reporting, among The intra-group transaction risk management
others, if there are changes in business activities, information system includes:
products, transactions, and risk factors that are 1) Intra-group transaction risk profile report which is
material. part of the integrated risk profile report;
2) Intra-group transaction report, which contains:
The material financial relationships in an intra- group a) Recapitulation of transactions with related
relationship between LJK in the BNI Financial parties
Conglomerate is measured based on the value of b) Important agreements with related parties
BNI’s financial transactions with LJK members of the
BNI Financial Conglomerate, and between fellow LJKs BNI as the Main Entity prepares and submits the
in the BNI Financial Conglomerate. intra-group transaction risk profile report as part of
the integrated risk profile report and the intra-group
transaction report to the Financial Services Authority
on a semi-annual basis for reporting positions in June
and December.
Annual Report 2020

Legal Cases
Throughout 2020, BNI faced a number of important cases in the form of civil cases accompanied by claims for
compensation against BNI as well as criminal cases including cases of special crimes and general crimes, both those that
had been completed (had permanent legal force) and were still in the process of being resolved. In detail, information
regarding important cases faced by BNI is as follows:
Total
No. Lawsuit
Civil Cases Criminal Cases
1. Case Settled (has permanent legal force) 50 26

2. Case In Settlement Process 234 7
Total 284 33
IMPORTANT CASES FACED BY THE COMPANY
During 2020, several important cases faced by BNI can be seen in the table as follows:
Civil Cases
Sanction
Risk on the Management
No Case Case Lawsuit Case Status Imposed by Case Value
Company Effort
the Authority
1. Case No. 16/ The lawsuit on In the process Risk of paying The Bank has None Material:
Pdt.G/2018/ the application for of review at compensation submitted Rp1,631,713,390,541.6,-
PN.Klk compensation payments the Supreme equal to the a Counter
to the Bank related to Court of the value of the Review Immaterial:
Between the alleged illegal act in Republic of claim Memory -
the form of the transfer Indonesia which
Dr. HM Rosihan of credit collateral by the supports
Anwar (Plaintiff) Bank which is controlled the Bank’s
versus BNI by the Plaintiff position
(Defendant)
2. Case No. The lawsuit against In the Risk of paying The Bank has None Material:
390/Pdt.G/2019/ the law due to the Cassation compensation submitted Rp1,189,113,614,671,-
PN.Jkt.Pst rejection by the Bank process at the equal to the a Counter
of the application Indonesian value of the Cassation Immaterial:
Between for additional credit Supreme claim Memory Rp2,000,000,000,000,-
facilities submitted by Court which
Anton Bambang the Plaintiff’s company, supports
Soegiarto causing losses to the the Bank’s
(Plaintiff) versus Plaintiff position
BNI (Defendant)
Annual Report 2020

Corporate
Governance
Sanction
No Case Case Lawsuit Case Status Imposed by Case Value
Company Effort
the Authority
3. Case No. Lawsuits against the law In the Risk of refund The Bank has None Material:
204/Pdt.G/2020/ related to allegations of investigation in the amount submitted Rp2,866,250,000,-.
PN.Amb Bank negligence which process at of claim and a Answer
led to theft of Customer the Ambon Reputation Memory Immaterial:
Between funds by unscrupulous District Court Risk supporting -
Bank employees who the Bank’s
1. Imran have been found guilty position
Laisouw of committing a criminal
2. Sitti Laila act based on a Court
Latuapo, S.P. Decision
3. Risman
4. Suriani
5. Faisal
Kotalima
contra
BNI (Defendant)
4. Case No. The lawsuit against In the process Risk of The Bank is None Material:
776/Pdt.G/2020/ the law related to of being refund equal working on €6,900,000,-
PN.Jkt.Brt the alleged failure to examined to the claim an Answer
apply the prudential at the West value and Memory that
Between principle by the Bank in Jakarta Reputation supports Immaterial:
identifying and verifying District Court Risk the Bank’s Rp500,000,000,000,-
Opap Investment when Defendant I and position
Limited (Plaintiff) Defendant II opened an
account in the name of
contra CV Opap Investment
Limited and did not
Defendant: carry out the obligation
1. Hendrian to monitor and report
Baehaki on customer fund
2. Bayu transaction activities
Andriana in the account. on
3. Nurul Ainulia behalf of CV Opap
4. M. Deni Investment Limited
Setiawan which meets the criteria
5. Irfan Maulana as a suspicious financial
6. BNI transaction
and
co-defendant:
1. OJK
2. PPATK
Annual Report 2020

Legal Cases
Criminal Cases
Sanctions
No Parties Case Lawsuit Case Status imposed by
Company Effort
the Authority
1. Claimant: On October 7, 2019, there There has been a court Legal Risk Monitor the None
PT Bank Negara was a cash deficit at 3 Sub- verdict from the District Court Reputation Risk proceedings of
Indonesia Branch Offices under the of Ambon which basically the trial
(Persero), supervision of KC Ambon sentenced the 8 defendants
Tbk (KCP Aru, KCP Tual, and KCP to a sentence of between 18
Masohi) totaling IDR 58.95 to 20 years, a fine of between
billion. Rp500 million and Rp1 billion
and compensation of Rp22.54
Defendant: This difference occurs due billion.
Mr. FJ (Employee to several cash deposits/
of BNI) RTGS without cover to other Currently the case in question
parties/customers made at is in the process of being
the request of an employee appealed to the Ambon High
(Ms. FJ), which is related to Court by the convicts and the
fraudulent investments (sales prosecutor.
of cloves) offered by these
employees with profit returns
of 2 to 10% per month.
The results of internal

investigations show that the
investment is carried out with
a phonzi scheme where new
investor funds are used to
close the next investor, and
when the perpetrator does
not get new investors, the
perpetrator uses bank cash by
making cash deposits/RTGS
without cover.
Tax Cases
Sanctions
No Case Case Lawsuit Case Status imposed by Case Value
Company Effort
the Authority
1. Case No. The Directorate In the The risk of The Bank has None Material:
007718.15/2019/ General of Taxes process of paying the taken measures Rp1,212,516,578,432,-
PP has issued a Tax examination underpayment deemed
Underpayment of appeal at of Corporate necessary Immaterial:
Between Assessment Letter the tax court Income Tax in relation to
to Banks related for Fiscal Year tax payment
BNI (Appeal to the correction 2015 is in obligations in
Applicant) of the 2015 Tax accordance accordance
versus Direktorat Year Corporate with the with applicable
Jenderal Pajak Income Tax rate, Decree of the regulations,
(defendant among others Directorate including
appeal) related to NPL General of preparing
interest income and Taxes Responses to
the imposition of Examiner Working
receivables that are Paper submitted
clearly uncollectible. by the Directorate
General of Taxes
in the examination
of the Tax Appeal.
Annual Report 2020

Corporate
Governance
Impact of Legal Cases on the e. Involve the Legal Division employees in various
Company certifications or training programs in collaboration
with BNI Corporate University and other external
BNI’s policies and SOPs are adequate and prudent in training institutions. The forms of training or
protecting BNI’s business interests. Therefore, all the legal certification provided include Risk Management
cases mentioned above, both civil and criminal, impose Certification, Special Education for Advocate
no significant financial impact on BNI. This is reflected in Professionals (PKPA), Education for Curators and
the Legal Risk Profile during 2020 that remained in Low To Administrators, Professional Education for Capital
Moderate ranking. Market Legal Consultants, Education for Legal
Auditors, Financial Analysis for Lawyers, and
other legal trainings in order to create professional
EFFORTS TO MINIMIZE LEGAL RISKS and competent corporate lawyers.
BNI continually strives to continuously minimize legal risks f. Conduct training to each employee of the Legal
for the Bank in carrying out its business activities which are Division tailored to the competence assessment
reflected in activities that are broadly divided into 3 (three) result, competence profile, employee’s needs,
stages as follows: and business development, aiming at increasing
1. Pre-Transacation employee’s core competence, personal
a. Provide legal studies and legal assistance through competence, and leadership competence in order
an assessment of plans for developing new to support BNI’s business.
products and activities, to protect BNI’s interests,
especially from the legal risk aspect. This is also 2. Transaction
a fulfillment of regulatory provisions that require a. Provide advice or legal studies on a transaction
legal analysis of each new product development and operational activity, in accordance with the
and activity plan. needs of the Division/Unit of the Regional/Branch/
Center Offices.
b. Implementing the Forum Legal Discussion
program consistently as an effort to prevent b. Conducting legal reviews of credit documentation
legal risk through virtual meetings to credit and providing adequate solutions/mitigation for
management and operational units, in order to legal risks that may arise in credit transactions,
prevent fraud and support the achievement of during the credit proposal process to the Credit
predetermined business targets. Committee, in order to maintain prudent credit
transactions, especially from legal aspects,
c. Organize Legal Blast in the form of submitting improve credit quality, and support achievement
legal material that can be accessed anywhere of business targets.
by all BNI employees on the BNI Corporate
University website. This is intended to minimize c. Improve the quality of legal advice or legal studies
the potential risk of business units in conducting at the Legal Work Unit in BNI, in order to support
their business. the smooth running of business/transaction and
operational activities of all Divisions/Units of
d. Collaborating with BNI Corporate University to Regional/Branch/Center Offices in BNI, which is
hold webinars or sharing sessions related to legal carried out through supervision of legal advice to
issues, including digital signatures, banking crimes all Legal Work Units.
and mitigation, wisely addressing cyber crime &
the safety of transacting in banking, transforming
cyber crime in the banking and fintech industry,
implementing anti-bribery commitments in
the world of banking, banking investigative
techniques, and others. Resource persons for the
webinar or sharing session include legal experts,
practitioners, law enforcement institutions such
as the Indonesian National Police, the Supreme
Court, and the Republic of Indonesia Attorney
General’s Office.
Annual Report 2020

Legal Cases
3. Post-Transacation
a. Implement the Legal Review Agreement Program which is conducted routinely every 3 (three) months aiming at
optimizing the legal risk management through the process of risk identification, risk analysis, risk evaluation, and
risk monitoring to measure legal risk that may arise from an agreement.
b. Coordinate case handling routinely with all Legal Work Units at all BNI Regional Offices as a form of monitoring or
case supervision throughout the Legal Work Unit.
Legal Cases Facing THE Board of Directors and THE Board of

Commissioners
During 2020, no current member of the BNI Board of Directors and Commissioner was involved in civil or criminal lawsuits
in connection with BNI’s business activities.
Legal Cases Faced by Subsidiaries
Total
Subsidiary Legal Cases
Civil Criminal Claim
PT BANK BNI SYARIAH Case of Carry Over the Previous Year 19 0 0

The Inkracht Case in 2019 10 0 0
In the Trial Process 13 5 0
PT BNI LIFE INSURANCE Case of Carry Over the Previous Year 3 3 -
The Inkracht Case in 2019 - 1 -
In the Trial Process 4 4 -
PT BANK BNI SEKURITAS Case of Carry Over the Previous Year - - -
The Inkracht Case in 2019 - - -
In the Trial Process - - -
PT BANK BNI MULTIFINANCE Case of Carry Over the Previous Year 2 - -
The Inkracht Case in 2019 - - -
In the Trial Process 2 - -
Significant Cases Faced by Subsidiaries
Parties Subsidiary Case lawsuit Case value Case status Impact/risk
Plaintiff: Tanti BNI Life Insurance Plaintiff is the heir of M. Thoib who is a Material; Cassation at Payment of
Widyana (heir of BNI Life Insurance customer with BLPM Rp,275,000,000,- the Supreme compensation equal
M. Thoib) policy number 9172009817 and has been Court of the to the value of the
a customer since June 27, 2017, who filed Immaterial: Republic of claim
Defendant: a death claim by the heir, but was rejected Rp500,000,000,- Indonesia
PT BNI Life due to the health data mismatched and
Insurance dishonesty in filling SPAJ form.
Annual Report 2020

Corporate
Governance
Parties Subsidiary Case lawsuit Case value Case status Impact/risk
Plaintiff: Tjoe BNI Life Insurance The plaintiff is his wife and heir Agus Material: The trial at the Payment of
Kim An (heir of Lesmana who is a BNI Tanjung Kuala Rp1,000,000,000,- Medan District compensation
Agus Lesmana) Debtor debtor for the Griya Multipurpose Court, North equal to the value
credit program with a total loan of IDR Immaterial: Sumatra of the claim or
Defendant: 1,000,000,000 (One Billion Rupiah) as Rp500,000,000,- the remaining
1. PT BNI Life per credit agreement number 2016.066 outstanding debtor
Insurance dated February 18, 2016 which guaranteed debt
2. BNI Medan loan insurance at BNI Life Insurance from
February 18, 2016. On March 14, 2017
the debtor passed away and filed a claim
with BNI Life Insurance through BNI KC
Kuala Tanjung, however, the claim was
rejected due to mismatch in health data
and dishonesty in filling SPAJ form.
Plaintiff: BNI Life Insurance The plaintiff is a former GM of BNI Life Material: Still in the Payment of
Nurmansjah Insurance Agency who was terminated Rp909,601.27,- process remaining
Soleiman based on the Warning Letter 1 to 3 issued of case shortages of
by BNI Life Insurance. The plaintiff filed a Consists of examination at severance pay and
Defendant: lawsuit at the end of December 2019 to remaining the Supreme processing fees
PT BNI Life the Jakarta Industrial Relations Court on severance pay: Court
Insurance the basis of the lawsuit being a dispute Rp461,081.47,-
over rights in the form of severance pay.
Process Wages:
At the first level, the Panel of Judges Rp448,519,800,-
won BNI Life so that on April 8, 2020, the
Plaintiff submitted a request for appeal at
the Indonesian Supreme Court.
Plaintiff: BNI Sekuritas Default on Purchase of Shares Material: Ongoing Credit Risk, default
PT BNI Sekuritas Rp16,491,204,868,- on customer
obligations.
Defendant:
1. Sulinggasari H.
2. PT Singa
Barong
Kentjana
3. Probo Wiranto
4. Tri Yetty Kartini
Plaintiff: BNI Sekuritas Margin Call rejection by customers Material: Ongoing Legal risk of
PT BNI Sekuritas - demanding
customer
Defendant: compensation
Putra Iqbal
PT First Indo BNI Multifinance No.20/Pdt-Sus-Pembatalan Perdamaian/ Rp4,920,762,554 In Bankruptcy Income
American PKPU/2020/PN. Niaga.Jkt.Pst juncto No. on November
Leasing, Tbk. 192/Pdt-Sus-PKPU/2019/PN.Niaga.Jkt.Pst 26, 2020.
dated November 26, 2020
PT Soetera BNI Multifinance No.44/Pdt.Sus/PKPU/2017/PN.Niaga.Jkt. Rp4,672,243,701 Bankruptcy Income
Kembang Pst tgl 9 June 2017 Asset Sales
(Curator)
PT Ika Maestro BNI Multifinance No.13/7/PDT.SUS/PKPU/2017/PN Rp2,135,226,384 Bankruptcy Income
NIAGA,JKT.PST 04 January 2018 Asset Sales
(Curator)
PT Arto Sugih BNI Multifinance No.553/Pdt.G/2019/PN.BKS Rp6,360,100,000 Examination Income
Abadi of the
Defendant
(PT Arto Sugih
Abadi)
Annual Report 2020

Administrative Sanction
Throughout 2020, no administrative sanctions from the relevant authorities (capital market, banking and others) was
imposed on BNI.
Annual Report 2020

Corporate
Governance
Access to Company’s
Information and Data
BNI periodically updates information and provides easy access to information about the Bank’s activities and performance to
stakeholders so that they know the condition of the Bank clearly and openly. BNI also provides several means that function
as channels for disclosing information, through various media such as websites (in two languages), mass media, mailing
lists, bulletins, meetings with analysts, the official IDX website and so on. In this regard, the Bank has an Investor Relations
which continues to build a good image of the Bank by developing relationships with investors/analysts both interactively
and by providing periodic information, especially regarding the Bank’s performance.
Access to Company information and data related to corporate actions can be accessed through the Company’s official
website at http://bni.co.id/. Parties who need further information regarding corporate actions and Company data can contact
via telephone at 021-5728387, Fax at 6221-5728053 or email to: investor.relations@bni.co.id.
PERS RELEASE IN 2020
Throughout 2020, BNI has conducted press releases discussing various matters related to the Bank, as follows:
No. Place Date Title
1 KCLN BNI Hong Kong, KCLN BNI January 01, 2020 The existence of BNI Abroad, Early Years Holidays Do Not Hinder Financial
Singapore, KCLN BNI Tokyo, BNI Transactions
Remittance Office in Hong Kong
2 Jabodetabek January 01, 2020 BNI Helps Lighten Flood Victims
3 Jabodetabek January 02, 2020 BNI: Flood Season, Maximize Electronic Services
4 KCLN BNI Hong Kong January 12, 2020 PMI Can Now Save with an NU Member Card
5 Jakarta January 22, 2020 BNI's 2019 Performance, International Business is More Resilient
6 KCLN BNI Hong Kong February 2, 2020 The government through related SOEs helps the Indonesian people in Hong
Kong
7 Throughout Indonesia February5, 2020 Achieving last year's target, BNI is getting even more excited to distribute
KUR 2020
8 Banjarbaru February 6, 2020 Commemorating HPN 2020, BNI & PWI Collaborate to Invite Journalists to
Recognize Successful SMEs in South Kalimantan
9 Banjarmasin and Banjarbaru February 8, 2020 National Press Day 2020 BNI Supports Increasing Journalistic Capacity to
MSMEs
10 Karangayar February 12, 2020 BNI Smartfarming 2020, Advanced Technology Has Reached Corn Farmers
in Karanganyar
11 Bali February 14, 2020 BNI Supports the Construction of a Traditional Village Council Office in Bali
12 Bogor February 15, 2021 Toge Mas Toge Success Thanks to KUR BNI
13 KCLN BNI Japan February 18, 2020 BNI Encourages Exporting Customers to Enter the Japanese Market
through BNI Smart Trade
14 Jakarta February 20, 2020 Annual General Meeting of Shareholders for Fiscal Year 2019, BNI Paid
Dividends of Rp 3.85 Trillion to Shareholders
15 Throughout Indonesia February 26, 2020 BNI Mass KPR Agreement This Month Translucent 2,046 Debtors
16 Jakarta February 27, 2020 BNI Java Jazz Festival 2020
17 Jakarta March 2, 2020 BNI Launches BUNGA NUSANTARA, Indonesia's Best Collection of
MSMEs
18 Throughout Indonesia March 6, 2020 This is How State-Owned Banks Suppress the Impact of Corona
19 Throughout Indonesia March 12, 2020 BNI's Support in Facing Corona through the Tourism Sector
20 Jakarta March13, 2020 Ministry of Defense Strengthens Cooperation with BNI
21 All BNI Branch Offices at home and March 16, 2020 Pressing the Spread of COVID-19 & Prioritizing Employee Health, BNI
abroad Organizes Work Systems
Annual Report 2020

Access to Company’s Information and Data
22 All BNI Branch Offices at home and March 17, 2020 Need Banking Services? The Customer Does Not Need To Leave The
abroad House
23 All BNI Branch Offices at home and March 17, 2020 BNI Improves Work Environment Sanitation
abroad
24 Throughout Indonesia March 18, 2020 BNI Mobile Banking Alert 24 Hours To Serve Your Transactions
25 All BNI Branch Offices at home and March 22, 2020 BNI Shortens Service Hours
abroad
26 Jakarta 23 March 2020 Sparking the Spirit of Learning at Home, BNI & Ruangguru Prepare
Hundreds of Million Prizes
27 KCLN BNI Hong Kong, and KCLN 24 March 2020 BNI Overseas Branches Urges Customers to Transact Online
BNI Tokyo
28 Jabodetabek 25 March 2020 Maximizing Physical Distancing, BNI Diverts Services in Part of Branch
Offices
29 Jabodetabek 27 March 2020 This is BNI's Community Protection Effort
30 Throughout Indonesia 27 March 2020 BNI Ready to Help Debtors Affected by COVID-19
31 KCLN BNI Singapore 28 March 2020 Strengthening Physical Distancing, Indonesian Workers in Singapore Take
Advantage of BNI MoRe
32 Throughout Indonesia 29 March 2020 BNI Distributes PPE for Health to 7 Teaching Hospitals & Referral
Laboratories at Universities
33 All BNI Branch Offices at home and 30 March 2020 News Photos of BNI Work From Home Employees
abroad
34 Jabodetabek March 31, 2020 BNI Helps Sterilize Settlements
35 Jakarta 01 April 2020 Physical Distancing, Taspen Retirement Money Can Be Taken At BNI ATMs
36 Throughout Indonesia 07 April 2020 Transfer of Hundreds of Million Can Now Be Through BNI Mobile Banking
37 Jakarta 07 April 2020 Print BNI's Net Profit for February 2020, Increased 22.3% to Rp 2.58 Trillion
38 All BNI Branch Offices at home and 08 April 2020 BNI Hi Movers Invites People to Bring Spirit
abroad
39 Jakarta 09 April 2020 Seeing the Opportunity for a Rebound in BNI Shares, Will the 2008
Phenomenon Repeat Again?
40 Throughout Indonesia 12 April 2020 BNI Becomes a Paying Bank for Pre-Employment Card Incentives
41 Jakarta 15 April 2020 BNI Stock Examination, Is It Really Cheap?
42 Throughout Indonesia 15 April 2020 Prospective Recipients of Pre-Work Cards Can Open BNI Accounts from
Home
43 Throughout Indonesia 15 April 2020 BNI-assisted UKMs also produce PPE
44 throughout Indonesia April 16, 2020 BNI Provides Incentive Assistance & PPE for Medical Workers
45 Jakarta 17 April 2020 BNI Campaigns to Buy UMKM Products from Home
46 Arrowroot 22 April 2020 They are Economic Fighters, Present Kartini
47 All BNI Branch Offices at home and April 23, 2020 During Ramadan, BNI Implements New Operating Hours
abroad
48 Jabodetabek April 23, 2020 ATM Rice Commander, Overcome the Impact of Covid-19
49 Throughout Indonesia 24 April 2020 Easy and Useful, These are the Pre-Employment Card Facts
50 Throughout Indonesia 01 May 202 Sharing During Ramadan, BNI Distributes 125,000 Packages throughout
Indonesia
51 Throughout Indonesia 01 May 2020 Good News, Credit Cards at BNI Are Getting Lightweight
52 Jabodetabek 10 May 2020 In the midst of a pandemic, BNI still distributes social assistance
53 Sembalun 11 May 2020 Pandemic Does Not Hinder the Productivity of Sembalun Garlic Farmers
54 Jakarta 11 May 2020 Mitigating the Impact of Pandemic, BNI Holds Nusantara Craft Online
Creation
55 All BNI Branch Offices at home and 13 May 2020 Fulfilling the Needs for Cash during Eid Al-Fitr, BNI Prepares Rp 10.24
abroad Trillion Per Week
56 Throughout Indonesia 15 May 2020 Throughout the Pandemic, BNI Mobile Banking Users Increase 84%
57 Jakarta 16 May 2020 Come on, Proud to be Made in Indonesia, Visit the MSME Exhibition at BNI
Kreasi Nusantara Craft Online
Annual Report 2020

Corporate
Governance
58 Jakarta 18 May 2020 Coping with the impact of Covid-19, BNI becomes the Bank Distributing
Diaspora Donation Funds
59 Jakarta 19 May 2020 Stable Performance in the First Quarter of 2020, but BNI Remains Alert
60 Jakarta May 20, 2020 To Stop the Spread of Covid-19, BNI Holds 30,000 Free Swab Tests
61 Throughout Indonesia May 20, 2020 Realizing Covid-Safe SOE, BNI Hi-Movers Set aside THR Rp130.2 Billion to
Prevent Viruses
62 Throughout Indonesia May 22, 2020 Minister of SOE: BNI's Free Swab Test is Evidence of Strong Cooperation
between SOEs, Private and Government
63 All BNI Branch Offices at home and 26 May 2020 Entering New Normal, BNI Prepares This Strategy
abroad
64 Throughout Indonesia 27 May 2020 New Normal Phase, This is a New Way of Cardless Cash Withdrawals at
BNI ATMs
65 Throughout Indonesia 29 May 2020 BNI Prepares PPE for Cash Social Assistance Post Officers
66 Throughout Indonesia 29 May 2020 Agen46's Full Contribution in the Middle of the Covid -19 Pandemic
67 Jakarta 01 June 2020 Commemoration of Pancasila Day
68 Palembang 07 June 2020 Collaboration between IKA UNSRI and BNI, Holds Free Swab Test in
Palembang
69 Palembang 08 June 2020 BNI continues the 30,000 free swab test program to South Sumatra
70 KCP BNI Denpasar, KCP BNI NTB, 13 June 2020 BNI Shares 4,000 Food Packages for Balinese People Affected by Covid-19
and KCP BNI NTT
71 Throughout Indonesia 14 June 2020 BUMN and Task Force to Increase Swab Tests
72 Throughout Indonesia 15 June 2020 Collaborating with the BUMN Foundation, This is a Social Action for BNI
Employees Against Covid-19
73 KCLN BNI South Korea 21 June 2020 BNI Invites Indonesian Migrant Workers in South Korea to Start Investing
74 Sidoarjo 24 June 2020 BNI Continues the 30,000 Free Swab Test Program in East Java
75 Kebumen 25 June 2020 Fresh Wind of MSMEs Awakens from the Pandemic
76 Madura 26 June 2020 What's New on Credit Relaxation? See the story of Ach Rifaie Surviving the
Pandemic
77 Yogyakarta 27 June 2020 BNI Continues the 30,000 Free Swab Test Program in Yogyakarta
78 Throughout Indonesia 29 June 2020 Make Non-Cash Payments Easier on New Normal, BNI Collaborates with
Gopay to Refill TapCash
79 Throughout Indonesia 01 July 2020 BNI Credit Cards Must Use Early July 2020 PIN
80 KCLN BNI Hong Kong 04 July 2020 The Hong Kong Diaspora Is Interested In The Bond Diaspora
81 Throughout Indonesia 05 July 2020 Celebrating an Anniversary in the Middle of a Pandemic, BNI Unites
Optimistic Energy for Indonesia
82 Jabodetabek 05 July 2020 BNI Anniversary, BNI Employees and Workers Union Distributed 146,000
Food Packages
83 Jakarta 06 July 2020 74th Anniversary, BNI Successfully Invites Wastra Craftsmen to Go Online
84 Throughout Indonesia 06 July 2020 Mompreneur Supports the Family Economy in Times of Crisis
85 Throughout Indonesia 07 July 2020 National Economy Recovery, BNI Ready to Provide Credit to MSMEs
86 Throughout Indonesia 08 July 2020 BNI MOVE Presents New Hope for MSMEs
87 Jakarta 09 July 2020 BNI Appreciates the Arrest of Fugitive L/C Cases
88 Throughout Indonesia 10 July 2020 BNI - Artajasa Launches B-Secure
89 Bali and Bandung 11 July 2020 BNI Continue Free Swab Test to Denpasar and Bandung
90 Southeast Asia 12 July 2020 Best BNI International Bank
91 KCLN BNI London, Tokyo, Singapore, 13 July 2020 Semester I 2020, BNI International Funding Reaches IDR 62 Trillion
Hong Kong, New york, and South
Korea
92 KCLN BNI Tokyo July 14, 2020 BNI Supports Ease of Business for 400 Japanese Investors in Indonesia
93 KCLN BNI London, Tokyo, Singapore, July 15, 2020 BNI Overseas Branch Offices Encourage Indonesian Entrepreneurs to Go
Hong Kong, New york, and Seoul International
94 The entire KCLN BNI July 16, 2020 Amid the Pandemic, Export Remains Easy
Annual Report 2020

95 Jakarta 17 July 2020 BNI Griya Expo Online 2020, Only Pay Interest
96 Solo 18 July 2020 30,000 BNI Free Swab Tests Targeting Surakarta Residents
97 Singapore 19 July 2020 BNI International Remittance, Ready to Be the Choice of 7 Million
Indonesian Diasporas
98 Jakarta 21 July 2020 BNI Wins as The Best Cash Management
99 Throughout Indonesia July 23, 2020 Prosecutors and BNI Collaborate to Strengthen Each Other's Capacity
100 Throughout Indonesia 25 July 2020 BNI Supports KKP to Synergize Fishermen and Business Actors with a
Digital Platform
101 Balikpapan 25 July 2020 BNI continues 30,000 swab tests on the island of Kalimantan
102 Poor July 27, 2020 BNI & State University of Malang Collaborate, Research Funds Increasingly
Neat
103 KCLN BNI Hong Kong 28 July 2020 BNI Hong Kong Focuses on Becoming the Trading Arm of Indonesian
Entrepreneurs
104 Throughout Indonesia 28 July 2020 OJK & Banking Collaboration, BNI Completes Credit Relaxation 203,178
Debtors
105 KCLN BNI Singapore 29 July 2020 BNI's Business in KCLN Singapore, Optimal with Full Bank License
106 KCLN BNI New York 01 August 2020 BNI Strengthens USD Financing in New York
107 Throughout Indonesia 05 August 2020 BNI Becomes the Top MLA Board
108 New city 07 August 2020 BNI Builds Digital Fishermen Ecosystem in Kotabaru, Pulau Laut
109 Bangka Belitung Islands 11 August 2020 Ministry of Agriculture and Banking Collaboration, Maintain Food Security in
Bangka Belitung
110 Throughout Indonesia 11 August 2020 BUMN to Fight Covid, This is the Latest Overview of BNI Assistance
111 Throughout Indonesia August 13, 2020 While Covid Still Plaguing, BNI Intensively Distributes Social Assistance
112 KCLN BNI Singapore, Hong Kong, August 14, 2020 International Business, BNI Goes Global for Indonesia
Tokyo, Seoul, London, New York and
Osaka
113 KCLN BNI Singapore, Hong Kong, August 15, 2020 BNI Promotes MSMEs Through Overseas Branches
Tokyo, Seoul, London and New York
114 Throughout Indonesia August 15, 2020 BNI Makes It Easy for Students to Reach Their Goals
115 Throughout Indonesia August 17, 2020 There are many reasons why the Indonesian Independence Day is more
exciting with BNI, here are some of them
116 Throughout Indonesia August 18, 2020 Growth of Low-Cost Funds and Cost Control, Maintaining BNI's
Performance in the Middle of Pandemic
117 Throughout Indonesia August 19, 2020 Now, BNI Customers Can Transfer Money Only Via Voice
118 KCLN BNI Hong Kong August 20, 2020 To Help Lift Exports, BNI Provides Credit to Importers of Indonesian
Products
119 Throughout Indonesia August 22, 2020 BNI Holds Music Party, Inviting People to Join For a Developed Indonesia
120 Throughout Indonesia August 23, 2020 BNI's KUR Cluster Accelerates National Economy Recovery
121 Poor August 23, 2020 Adapting New Habits, IKA of the University of Brawijaya Encourage People
to Donate Blood during Pandemic
122 Throughout Indonesia August 24, 2020 BNI Supports Productive Presidential Assistance Program for Micro
Enterprises
123 Throughout Indonesia August 25, 2020 Celebrating National Housing Day, BNI Holds 2,904 KPR Agreements
124 Throughout Indonesia August 28, 2020 BNI Distributes PEN Credit of IDR 12.03 Trillion
125 South Tangerang August 30, 2020 Accelerating Covid-19 Handling, BNI Presents Mobile Laboratory
126 Throughout Indonesia August 31, 2020 BNI Supports Productive Presidential Assistance Program for Micro
Enterprises
127 Throughout Indonesia August 31, 2020 BNI encourages Marine and Fisheries Ecosystems from upstream to
downstream
128 Jakarta September 2, 2020 In the midst of a pandemic, BNI EGMS Utilizes e-Proxy eASY.KSEI
129 Throughout Indonesia September 4, 2020 BNI's Action to Commemorate Customer Day during the Pandemic,
130 KCLN BNI Tokyo September 7, 2020 Survey of Foreign Banks in Japan, BNI's Rank Up
Annual Report 2020

Corporate
Governance
131 Throughout Indonesia September 8, 2020 Taplus Muda Invites Millennials to Be More Creative in the Middle of a
Pandemic
132 Jakarta September 11, 2020 Extending Services to ASN, BNI Collaborates with Fidac
133 Jakarta 21 September 2020 Young MSME Virtual Week, BNI Introduces Rumah BUMN for Millennials
134 Throughout Indonesia September 23, 2020 Symbolic Submission of KUR to Digital Platform Partners (BNI MOVE)
135 Throughout Indonesia September 24, 2020 BNI and Jenius Complete Each Other's Services
136 The entire IPDN Campus 02 October 2020 IPDN Collaborates with BNI to Become a Smart Campus
137 Jakarta 05 October 2020 BNI Pejompongan Tower Becomes a Bicycle Friendly Building
138 Lampung 06 October 2020 Welfare of Farmers BNI Launches a Digital Application and the Tani Berjaya
Card
139 Throughout Indonesia October 21, 2020 BNI Spread Billions of Rupiah for E-Commerce Customers
140 Jakarta October 26, 2020 BNI Holds Young UMKM Virtual Week Special, It's Natural Social
Entrepreneurship on Youth Pledge Day
141 Jakarta October 27, 2020 BNI's Quarter III - 2020 Performance, Strengthens Fundamentals, Grows
Healthily, and is Sustainable
142 Throughout Indonesia 29 October 2020 BNI Focuses on Empowering Godigital MSMEs
143 The entire KCLN BNI October 30, 2020 Send Money To LN Easier, Just From Your Mobile
144 KCLN BNI Tokyo October 31, 2020 Simplify Bilateral Transactions, BNI Serves LCS
145 All BNI Branch Offices at home and 02 November 2020 This is cool, at BNI you can do an Internship Abroad
abroad
146 Throughout Indonesia 05 November 2020 BNI Focuses on Empowering MSMEs to Go Export
147 Jakarta 10 November 2020 With great achievements, 2,200 Children of the Indonesian National Police
Received BUMN Education Fund
148 Throughout Indonesia 11 November 2020 BNI Holds Virtual International Housing Expo
149 Throughout Indonesia November 20, 2020 Digital Ecosystem Helps Accelerate Handling of Covid-19
150 Jakarta November 25, 2020 BNI and the Directorate General of Immigration Create a New Passport
One Day
151 Jakarta November 26, 2020 Defeating 32 Global Companies, BNI Becomes the Best API Portal
Developer
152 Jakarta 01 December 2020 Bank Transformation, Key to Escape from Pandemic
153 Jakarta 03 December 2020 BNI Wins Two Awards from Bank Indonesia
154 Jakarta 05 December 2020 BNI and PNM Collaborate to Restore the Economy
155 Jakarta 07 December 2020 BNI is Optimistic that Corporate Credit Will Continue to Grow Until the End
of the Year
156 Throughout Indonesia 12 December 2020 BNI-ITB Virtual Marathon, Runners Travel Less than 12 hours 100km
157 Throughout Indonesia 13 December 2020 BNI-ITB Virtual Ultra Marathon, Euphoria Wrapped in Health Protocols
158 Jakarta December 16, 2020 BNI Wins First Place in the Gratification Control Unit (UPG) from the KPK
159 Throughout Indonesia 21 December 2020 End of Year Holiday, BNI Activates Up To 201 Outlets
160 RB South Nias, RB Jayapura, RB 22 December 2020 BNI Raises the Potential of MSMEs on Mrs. 2020
Raja Ampat, RB Southwest Sumba,
RB Sumba Tengah, RB Belu, RB
Katingan, RB Sleman, RB Pontianak,
and RB Bekasi
161 Throughout Indonesia 22 December 2020 Restoring MSMEs, BNI Rely on Digitalization
162 Cimahi 22 December 2020 Collaborating with BNI, TNI AD to Make UNJANI a Digital Campus
163 Throughout Indonesia December 23, 2020 Traveling is more economical with BNI
164 Throughout Indonesia 24 December 2020 Sharing love with digital gifts is enough via a smartphone
165 Throughout Indonesia 25 December 2020 BNI Distributes Peaceful Gifts for Residents in Remote Areas
166 Melonguane Island 26 December 2020 A Touch of Banking in the North End of Indonesia
167 Throughout Indonesia 27 December 2020 Collaborating with E-Commerce & Fintech to Retail Stores, TapCash's
Acceptance Widen
168 Jakarta 28 December 2020 BNI Cash Management Winner of Euromoney Survey
Annual Report 2020

SINERGI 46 MAGAZINE who contribute to sending news from each work unit. This
application can only be accessed by BNI Hi Movers.
Internal media for BNI Hi Movers in the form of printed
magazine is a means of sharing information, experience No Headline
and knowledge as well as to increase BNI Hi Movers’
engagement and pride towards BNI. The theme chosen 1 Synergy between BNI and the Lampung Provincial
Government to Support the Empowerment of Micro, Small
this magazine is adjusted to the current condition of and Medium Enterprises (MSMEs) to Go Export
BNI. Several themes chosen based on the latest issue 2 Implementation of Work From Home for BNI Headquarters
of Sinergi 46 magazine include: BNI Hi Movers Covid
3 Economic Outlook Update: 1st Race Against the Pandemic
Rangers: #AyoBerubah Movement towards New Normal;
4 Live Streaming BNI CorpU: "Dancing with the New Normal"
Don’t Ignore Health Protocols; BNI Hi Movers, Let’s Join
5 BNI Hi Movers Covid Rangers: #AyoBerubah Movement
#MaskerBNIHiMovers!; Concert Twibbon Competition towards New Normal
Unite Energy for Indonesia for BNI Hi Movers; and
6 Live Talk Show: Share Energy to Unite
Preparing the Foundation for Growth, Health and
Sustainability in the New Era.
E-SINERGI 46 EMAIL & SMS BNI MENYAPA
Internal media specifically for BNI Hi Movers in the form of Internal communication tools in the form of BNI Menyapa
mobile and web-based apps that act as a means of sharing email and SMS, consisting of:
realtime information, experiences and knowledge. The 1. Bank wide and high level corporate information
e-synergy46 application can be downloaded via the Google submitted by the Board of Directors to all employees
Play Store and the App Store by BNI Hi Movers. The (Newsletter).
content contained in e-synergy46 is not only in writing but 2. Corporate information that is bank wide and more
also presented in the form of photos and videos. technical that is conveyed by the KMP Division to all
employees (Corporate Info).
In making it easier for readers to find news as desired, the 3. Information related to human resources and technical
e-synergy 46 application has several News Categories, in nature that must be conveyed immediately by the
including Think Bank; Regional & Branch News; Beyond; HCT Division to all employees (HR Message).
BNI Sharing; BNI Go Green; Hot News; BNI Anniversary; 4. Other information which is bank wide but not related
Special Info; Homecoming Info; Inspiration; Take a to marketing, products or services
walk; Family; Health; Finance; Quiz; Service; Life Style;
Motivation; Promo; Reviews & Films; HR; Interrupt; At a Throughout 2020, the number of BNI Greet Emails was
glance; Figure; Technology. 213 (two hundred and thirteen) times. The list of BNI Greet
email topics includes the following:
This application is very interesting because the materials
in e-synergy46 can not only be read but can also be No Subject Email
shared on social media such as chat applications such as
Whatsapp; Facebook; Twitter and others. To find out the BNI Asset Management Launched ESG Mutual Fund ETF
13
on the IDX
response from readers, this application also has a menu
14 BNI Menyapa - Anti Fraud Awareness & Gratuity Control
like post and comment.
15 BNI Menyapa - Anti Fraud Mobile Banking
To make it more attractive to downloaders, the BNI Menyapa - Jakarta BNI 46 Preparing to Win the 2020
8
Proliga Champion
e-synergy46 application also provides a reward point
9 BNI Menyapa - 0% Installment Promo for BNI Hi Movers
program, a loyalty program where every activity in the
e-synergy46 application can get points that can be 10 BNI Menyapa - BNI Employee Savings Gift for 2020
redeemed or exchanged for: Credit Purchase, Purchase 11

BNI Menyapa - Information on 0% Installment Promo
Premium Fashion Brands
of Data Packages, Purchase vouchers or bill payments
PLN, Top Up Link Aja, Top Up Go Pay, and Top Up OVO. BNI Menyapa - Cashback Deals Samsung Employee
12
Purchase Program
This application also provides incentives for employees
13 BNI Menyapa - Credit Compliance Review
14 BNI Menyapa - Safe Way of Transaction at ATMs
BNI Menyapa - Donation of Free Masks for Indonesian
15
People in Hong Kong
Annual Report 2020

Corporate
Governance
No Subject Email No Subject Email
BNI Menyapa - Special Offer for BNI Hi Movers at Luxury BNI Menyapa - Trusted Covid-19 Information at
16 64
Branded Sale BNIMenyapaBot
19 Get BNI Tapenas Survey Prizes 66 BNI Menyapa - iLotte Promo
20 BNI Menyapa - Healthy Lifestyle 67 BNI Menyapa - Don’t go home for family
BNI Menyapa - General Meeting of Shareholders for 68 BNI Menyapa - #AntarkanSemangat
21
Financial Year 2019
BNI Menyapa - Podcast: The role of BNI as a BUMN in
69
Investment in Retail State Sukuk series SR012 (Yield 6.3% Implementing Protocols related to Covid-19
22
pa)
BNI Menyapa - Call for Use of the Care to Protect
70
23 Get BNI Credit Card Cash Funds Application
24 Get Low Interest Cash Installments From BNI Credit Cards 71 BNI Menyapa - BNI Employee Journalism
25 Dealing with Corona Virus Wisely BNI Menyapa - BNI Menyapa - Enjoy the Culinary of UKM
72
BNI #DiManaAja
26 BNI Menyapa - 2020 Salary Adjustment
BNI Menyapa - BUMN Millennial Innovation Summit : BNI
BNI Menyapa - Reporting on the Bank’s Foreign Exchange 73
30 Hi Movers Yuk Jadi #TalentJuara BUMN
Flows
BNI Menyapa - Promo Delivery with Payment Using the
BNI Menyapa - Be Vigilant in Anticipating the Spread of 74
31 DANA Application
Corona Virus
BNI Menyapa - Tausiyah and Prayer Together for the
32 BNI Menyapa - Tips for Preventing Corona Virus 75
Indonesian Nation
35 BNI Menyapa - Work From Home Rules 78 BNI Menyapa - BNI CorpU Knowledge Supplement
36 BNI Menyapa - BNI Improves Work Environment Sanitation 79 BNI Menyapa - Online Talk & Discussion LIVE in Youtube
38 BNI Menyapa - BNI Shares Buyback Mechanism 80 BNI Menyapa - BNI Life Covers Covid-19
39 BNI Menyapa - 2020 Salary Adjustment BNI Menyapa - Talkshow : “Ngabuburit” with Rizky Febian
81
40 BNI Menyapa - Physical Distancing Against Corona Virus at BNI Corporate University Youtube
BNI Menyapa - Shuttle Bus for BNI employees (Bogor - BNI Menyapa - BNI Menyapa - Economic Outlook Update :
41 82
Depok - Bekasi - Tangerang) 1st Race Againts the Pandemic
BNI Menyapa - Shuttle Bus for BNI employees (Bogor - BNI Menyapa - Knowledge Supplement through BNI CorpU
42 84
Depok - Bekasi - Tangerang) Live Streaming Period 12 - 15 May 2020
BNI Menyapa - Shuttle Bus for BNI employees (Bogor - 85 BNI Menyapa - Nusantara Online Craft
43
Depok - Bekasi - Tangerang) BNI Menyapa - Register your BNI POINT + now and get Rp
86
BNI Menyapa - Shuttle Bus for BNI employees (Bogor - 20,000 THR from BNI POINT +
44
Depok - Bekasi - Tangerang) BNI Menyapa - Live Streaming BNI CorpU : Legal
87
BNI Menyapa - Shuttle Bus for BNI employees (Bogor - Governance Risk & Compliance
45
Depok - Bekasi - Tangerang) 88 BNI Menyapa - BNI Collateral Sales Incentive Program
BNI Menyapa - Who Needs Medical Examination at the BNI Menyapa - Live Streaming BNI CorpU : Managing
46 89
Hospital Performance During Covid-19 Pandemic
47 BNI Menyapa - Safe Banking Physical Distancing BNI Menyapa - Register your BNI POINT + now and get Rp
90
49 BNI Menyapa - Message from the Minister of BUMN RI 20,000 THR from BNI POINT +
BNI Menyapa - Ease of Paying Hajj Costs through BNI BNI Menyapa - Live Streaming BNI CorpU : BNI CorpU
50 91
Syariah Knowledge Supplement 18 - 22 May 2020
51 BNI Menyapa - Let’s Prevent Corona : Physical Distancing 92 BNI Menyapa - BNI Collateral Sales Incentive Program
BNI Menyapa - Let’s Prevent Corona : Wash your hands 93 BNI Menyapa - Digital GCG Commitment at Digi HC
53
frequently BNI Menyapa - Online Learning with World Class Online
94
54 BNI Menyapa - Review of Covid-19 Prevention and Control Course Udemy x BNI CorpU
55 BNI Menyapa - WFO Support Program for BNI Hi-Movers BNI Menyapa - Let’s make your Eid al-Fitr greetings with the
95
BNI e-Card
BNI Menyapa - Podcast Expert Experience BNI Corporate
56 96 BNI Menyapa - Tapenas Day Program for BNI Employees
University
57 BNI Menyapa - Komik 46: Out of Home Protocol BNI Menyapa - New Normal, let’s access the latest sources
97
of information about Covid-19 at BNI
58 BNI Menyapa - Komik 46: Out of Home Protocol
BNI Menyapa - CORE : Application of Prudent Principles in
61 BNI Menyapa - Difference of Rapid Test and Swab Test 99
Acceptance of Foreign Documents
BNI Menyapa - Reminder on Prudence in Delivering BNI Menyapa - Live Streaming Knowledge Supplement
62 100
Communications from BNI Corpu 2 - 5 June 2020
BNI Menyapa - Avoiding Conflicts of Interest and Moral BNI Menyapa - New Normal, let’s access the latest sources
63 101
Hazard in Performing Tasks of information about Covid-19 at BNI
Annual Report 2020

BNI Menyapa - Everything You Need To Know About The 137 BNI Menyapa - Special Hajj with BNI Syariah
102
New Normal Phase
138 BNI Menyapa - Film "Prinsip"
BNI Menyapa - Cash Back 50% Redemption BNI POIN+
103 139 BNI Menyapa - ConversationBerMAKNA with BNI
and Online Shopping Lottery for BNI Hi Movers
BNI Menyapa - REMEMBER! PIN MANDATORY starting 140 BNI Menyapa - Work From Home Learning
104
July 1, 2020 for Credit Card Transactions 141 BNI Menyapa - Newsletter on Handling Covid-19 at BNI
BNI Menyapa - Live Streaming BNI Corpu : Survive & Win in BNI Menyapa - Knowledge Supplement 22 - September 24,
105 142
the New Normal Era 2020
BNI Menyapa - Live Streaming Knowledge Supplement BNI Menyapa - #ConversationBerMAKNA with BNI - Series
106 143
from BNI Corpu 8 - June 12 ,2020 4
107 BNI Menyapa - BNI Collateral Sales Incentive Program BNI Menyapa - Let’s Support BNI API Digital Services as
144
Newsletter : Readiness of BUMN in Facing the New Normal Best Overall Developer Portal
108
Life Scenario 145 BNI Menyapa - Tagline Competition for BNI Hi Movers
BNI Menyapa - Cash Back 50% Redemption BNI POIN+ 146 BNI Menyapa - #BNIHiMoversBerbatik2020
109
and Online Shopping Lottery for BNI Hi Movers
BNI Menyapa - Let’s Support BNI API Digital Services as
110 BNI Menyapa - BNI’s 74th Birthday Logo and Tagline 147
Best Overall Developer Portal
111 BNI Menyapa - New Normal Equipment 148 BNI Menyapa - BNI Employee Journalism
112 BNI Menyapa - What is New Normal? 149 BNI Menyapa - Bring home your Vespa with BNI Flex
113 BNI Menyapa - Health Protocol in the New Normal Period BNI Menyapa - Implementing Work Culture Values (Core
150
114 BNI Menyapa - Join the Video Mobile Cash Challenge! Values) BUMN AKHLAK
115 BNI 74th Anniversary Newsletter 151 BNI Menyapa - #AntiRibet Transaction with TapCash
BNI Menyapa - Principle 46 for Enforcing an Anti-Bribery BNI Menyapa - Spesial Fragrance and Beauty at
116 152
Management System at BNI Beautyscentsid untuk BNI Hi Movers
117 BNI Menyapa - BNI Hi Movers, Let’s Use Masks Correctly 153 BNI Menyapa - Conference of #GaPakeNanti Generation
BNI Menyapa - Pre Order Samsung Galaxy Note 20 Promo 154 BNI Menyapa - Safe Transaction Tips at Agen46
118
Special for BNI Hi Movers 155 BNI Menyapa - Closer Transaction with Agen46
BNI Menyapa - Let’s Show Enthusiasm 156 BNI Menyapa - Let’s Support Gitaswara46
119
#SatukanEnergiUntukIndonesiaMaju Kamu!!!
BNI Menyapa - Knowledge Supplement for the period of
120 BNI Menyapa - BNI POIN+ Program Extension 157
11-13 November 2020
BNI Menyapa - Perfect Attitude at the Seconds 158 BNI Menyapa - UMKM Virtual Week Heroes Day Special
121
Commemoration of the Proclamation of Independence
159 BNI Menyapa - Commemoration of Heroes’ Day 2020
122 BNI Menyapa - BNI POIN+ Program Extension
160 BNI Menyapa - Apply 4M in Daily Activities
123 BNI Menyapa - Let’s Support Gitaswara 46 BNI
BNI Menyapa - Money Talks Power Lunch : BNI’s Business
124 BNI Menyapa - Let’s Join #MaskerBNIHiMovers! 161
Strategy for 2021
125 BNI Menyapa - Let’s Join #MaskerBNIHiMovers! 162 BNI Menyapa - Let’s Support Gitaswara 46
BNI Menyapa - BNI Supports Productive Presidential BNI Menyapa - Knowledge Supplement for the period of
126 163
Assistance Program for Micro Enterprises 17-20 November 2020
127 BNI Menyapa - Let’s Join Public Expose Live 2020 BNI BNI Menyapa - Thank you BNI Hi Movers, BNI Won 3rd
164
128 BNI Menyapa - BNI Life Card Becomes a Multipurpose Card Place in the 2020 KPSSK OJK & Netizen Favorite Champion
BNI Menyapa - BNI Menyapa - BNI Menyapa - BNI Menyapa - Market Outlook 2021 Series 2 : "Resilience
129 165
#ConversationBerMAKNA with BNI - Series 1 to Counter Economic Turbulence"
BNI Menyapa - BNI Shares Mobile Laboratory to Help BNI Menyapa - BNI Won 6 Awards at the 2020 ESG
130 166
Handling Covid-19 (Environmental, Social Governance) Awards
BNI Menyapa - EGMS: Change of Company Management BNI Menyapa - Socialization of LinkAja Sharia: Blessing
131 167
Composition Friday with LinkAja Sharia Services
BNI Menyapa - Enliven National Customer Day with BNI BNI Menyapa - SOE Core Value : AKHLAK (Amanah,
132 168
POINTS+ Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif)
BNI Menyapa - Special Talkshow BNI Life on Customer Day 169 BNI Menyapa - Safe Tips for Online Transactions
133
2020 170 Knowledge Supplement for Period 23 - 27 November 2020
134 BNI Menyapa - BNI Hi Movers Against Covid - 19 BNI Menyapa - Priority Sector of BNI Wide 2020 - 2030
171
135 BNI Menyapa - ConversationBerMAKNA with BNI Series
BNI Menyapa - Newsletter and Video Greeting from BNI BNI Menyapa - Cyber Crime: Be Wise in Responding to
136 172
Director Cyber Crime & Safe Transactions in Banking
Annual Report 2020

Corporate
Governance
BNI Menyapa - BNI Becomes the Best Portal API Developer, BNI Menyapa - Commitment to Implementation of Good
173 205
Defeating 32 Global Companies Corporate Governance
BNI Menyapa - Knowledge Supplement for the Period of 30 BNI Menyapa - Commitment to Implementation of Good
174 206
November, 3 & 4 December 2020 Corporate Governance
BNI Menyapa - The Road to Golden Age Series 2: Harmony BNI Menyapa - Trial of Digital Account Opening (Face
175 207
in Mind, Body and Health Recognition) for All BNI Hi-Movers
176 BNI Menyapa - Participation in Surveys of Risk Culture 2020 208 BNI Menyapa - Budget Vacation with BNI
177 BNI Menyapa - BNI Simponi For Employee BNI Menyapa - Beware of the Spike in Covid-19 Cases on
209
Christmas and New Year Holidays
BNI Menyapa - Bank Transformation, Key to Escaping
178
Pandemic BNI Menyapa - BNI Cash Management won 1st place in
210
the Euromoney Survey
BNI Menyapa - [Reminder] Participation in Surveys of Risk
179
Culture 2020 BNI Menyapa - Special Discounts for BNI Hi Movers at
211
KALCare.com
180 BNI Menyapa - Socialization of the Tax OmnMrs.s Law
212 BNI Menyapa - Spirit and Optimism in Welcoming 2021
BNI Menyapa - Evaluation of Corporate Businesses & the
181
Role of Banks to Support Economic Recovery in 2021 213 BNI Menyapa - Never Ignore Health Protocols
BNI Menyapa - Special Fragrance and Beauty Offers for BNI BNI Menyapa - #HariIbunyaBNIHiMovers : Bagikan Kisah
182 204
Hi Movers FemaleIndonesia Yang Menginspirasi Kamu
183 BNI Menyapa - BNI Won the Bank Indonesia Award 2020 BNI Menyapa - Komitmen Implementasi Tata Kelola
205
Perusahaan Yang Baik
184 BNI Menyapa - Prevent Covid Office Clusters
BNI Menyapa - Komitmen Implementasi Tata Kelola
BNI Menyapa - Knowledge Supplement for the Period of 7 - 206
185 Perusahaan Yang Baik
11 December 2020
BNI Menyapa - Uji Coba Pembukaan Rekening Digital (Face
BNI Menyapa - BNI is Optimistic that Corporate Credit Will 207
186 Recognition) untuk Segenap BNI Hi-Movers
Continue to Grow Until the End of the Year
208 BNI Menyapa - BerlIbur Lebih Irit Bareng BNI
BNI Menyapa - GCG Dissemination: Models & Strategy
187
Aspects of Integrated Governance with Subsidiaries BNI Menyapa - Waspada Lonjakan Kasus Covid-19 di LIbur
209
Natal dan Tahun Baru
188 BNI Menyapa - Worry Free Comfortable Vacation
BNI Menyapa - Cash Management BNI Juara 1 Survei
189 BNI Menyapa - Never Ignore Health Protocols 210
Euromoney
BNI Menyapa - Increase Alertness Against the Covid-19 BNI Menyapa - Diskon Khusus Untuk BNI Hi Movers di
190 211
Pandemic KALCare.com
BNI Menyapa - Increase Alertness Against the Covid-19 212 BNI Menyapa - Semangat dan Optimisme Menyambut 2021
191
Pandemic
213 BNI Menyapa - Jangan Abai Protokol Kesehatan
BNI Menyapa - BNI CorpU Live Streaming : Parenting:
192
Recognizing and Understanding Alpha Genes
193 BNI Menyapa - Let’s Be Wise on Social Media
BNI Menyapa - Pay for coffee using QRIS BNI Mobile
194
Banking, get cashback up to 100%
195 BNI Menyapa - BNI HARBOLNAS 12.12 #GaPakeNanti!
BNI Menyapa - Pay for coffee using QRIS BNI Mobile
196
Banking, get cashback up to 100%
BNI Menyapa - BNI Won Best Gratuity Control Unit Award
197
for BUMN Category from KPK
BNI Menyapa - Compulsory Learning - AKHLAK Series: BNI
198
Hi Movers Refuse Gratuities & Bribery
BNI Menyapa - Knowledge Supplement for the Period 21 -
199
December 23, 2020
BNI Menyapa - Smartfarming Implementation in
200
Encouraging Digital Ecosystems in the Agricultural Sector
BNI Menyapa - More Profitable e-Wallet Top Up Using BNI
201
Mobile Banking
BNI Menyapa - Money Talks Power Lunch : BNI Strategy to
202
Accelerate MSME Business
BNI Menyapa - Perayaan Hari Mrs. BUMN : Woman Doesn't
203
just Build The Country, She Builds Generations
BNI Menyapa - #HariIbunyaBNIHiMovers : Share the stories
204
of Indonesian women who inspire you
Annual Report 2020

Anti Money Laundering (AML) And
Counter Terrorism Financing (CTF)
ORGANIZATIONS IN THE IMPLEMENTATION OF AML AND CFT PROGRAMS
In order to support the implementation of AML and CFT programs, the Compliance Division is designated as a Special
Work Unit (UKK) responsible for implementing the AML and CFT Programs. The Compliance Division reports directly to the
Director in charge of the compliance function at BNI (Compliance Director).
Director Compliance
Division Head
Compliance
Deputy Division Head

Compliance
Anti Money Laundering Banking Compliance

Group (AML Group) Group (CBG)
Development Regional
Analysis & Report
& Policy Compliance*
* Regional Compliance has the function of ensuring the implementation of APU and PPT in Regional Offices, Branches and Sentra
PROGRAMS IN THE IMPLEMENTATION OF AML AND CFT PROGRAMS
In an effort to prevent and minimize the use of the Bank as a means of money laundering and terrorism financing, BNI
implements the AML and CFT programs through:
1. Active Supervision of the Board of Directors and the Board of Commissioners.

The active role of the Board of Directors and the Board of Commissioners is very much needed in improving the
effectiveness of the implementation of the AML and CFT Programs, considering that the roles of the Board of
Directors and the Board of Commissioners will affect the level of achievement of organizational goals in implementing
AML and CFT Programs. The forms of active supervision by the Board of Directors and the Board of Commissioners
are as follows:
a. The Board of Directors’ approval for the appointment of the Compliance Division as a Special Work Unit (UKK) that
is responsible for implementing the AML and CFT Programs;
b. Approval of the Board of Directors and the Board of Commissioners on the AML and CFT Policy;
c. Periodic reports (monthly, quarterly and semi-annually) related to the reporting obligations and implementation of
the AML and CFT Programs to the Board of Directors and the Board of Commissioners;
d. Board of Directors approval of the report on the plan and realization of updating customer data;
e. Meetings of the Board of Directors and the Board of Commissioners to discuss the implementation of the AML
and CFT Programs.
Annual Report 2020

Corporate
Governance
2. Adequacy and Effectiveness of Policies 4. Human Resources and Training

and Procedures BNI conducts training on the implementation of AML
The Compliance Division has prepared AML and CFT and CFT Programs for all employees on an ongoing
Policies and Procedures which are regularly reviewed/ basis. The training methods are as follows:
updated/improved according to applicable regulations. a. Training can be carried out electronically/Online, or
To strengthen the application of AML and CFT, every face to face;
procedure for banking products and activities shall b. Face-to-face training, with the following
also be regulated for the implementation of AML approaches:
and CFT, such as due diligence procedures for each • Conducted interactively (among others:
product or activity. To ensure that the implementation workshops), given to employees who get
of the AML and CFT Programs is running properly, priority regularly, with topics tailored to the
supervision is carried out by the Compliance needs of participants.
Division. Implementation of internal control. The • Conducted in one direction (among others:
implementation of an effective internal control system seminars) given to employees who do not
in the application of AML and CFT includes: get priority, and conducted when there are
a. AML and CFT policies and procedures in place as significant changes in provisions, with the
well as adequate internal monitoring; topic of an overview of the implementation of
b. There are clear limits on authority and the AML and CFT Programs.
responsibility for work units related to the
implementation of the AML and CFT programs
through the first line (risk taking unit), second line AML AND CFT PROGRAMS
and third line of defense; and IMPLEMENTATION IN SUBSIDIARIES AND
c. Examinations are carried out to ensure the OVERSEAS BRANCH OFFICES
effectiveness of the implementation of the AML
and CFT Programs by the internal audit work unit. As a form of responsibility for a Bank that has an
international office network, to ensure the implementation
3. Information Management System of AML and CFT has been effective in all office networks,
To optimize transaction monitoring in the the Compliance Division also monitors and analyzes and
implementation of the AML and CFT Programs, BNI supervises the implementation of AML and CFT Programs
has an information system technology Enterprise in:
Fraud Management (EFM) System which consists of 1. Domestic Subsidiaries, namely: BNI Syariah, BNI
modules: Anti Money Laundering Detection, Sanction Asset Management, BNI Sekuritas, BNI Multifinance
list, Terrorist Filtering & Screening, PEP Screening and BNI Life.
Detection and Customer Due Diligence (CDD ) Risk 2. Overseas Subsidiaries, namely: BNI Remittance
Scoring and Suspect Account to Verify (SAV) System Limited (BRL).
and besides that BNI has also developed a Walk In 3. Overseas Branch Offices.
Customer Application System (WIC).
The EFM system is used to support a more optimal

implementation of Know Your Customer Principles,
especially in terms of detecting/monitoring customer
transactions with behavior patterns and money
laundering transaction patterns, the SAV system
for detecting customer transactions with fraudulent
patterns, while the WIC Application system is used to
maintain profiles. WIC.
Annual Report 2020

Protection of Creditors’ Rights
BNI implements honest and transparent information disclosure system and equal treatment for all creditors without any
discrimination in order to protect creditors’ rights. This is in line with one of the Governance principles issued by the ASEAN
Corporate Governance Scorecard.
Through information disclosure, all creditors and business partners can obtain relevant information according to their needs
so that each party can make objective decisions based on fair, fair and accurate considerations.
BNI always ensures the fulfillment of rights and maintains creditors’ trust in the Bank. The bank guarantees that the
creditor’s rights are carried out properly, as outlined in the agreement agreed by both parties. As part of the implementation
of creditor rights, the Bank carries out its obligations as agreed in a timely manner and strives to avoid delays or negligence
that could potentially cause losses to both parties.
Anti Corruption Program
BNI has anti-corruption guidelines set out in various policies including the Code of Ethics, Guidelines for Gratification
Control, Guidelines for Anti-Bribery Management Systems (SMAP), and the Whistleblowing System. These various
guidelines have been implemented properly and are evaluated for their effectiveness every year.
Annual Report 2020

Corporate
Governance
Company Code of Ethics
BNI has a Code of Conduct called the BNI Code of 10. Acting as a resource, as long as it is for the benefit of
Ethics which forms the basis for employee attitudes and BNI.
actions to work professionally and ethically by using basic 11. Not a member and donor of a political party.
principles that refer to the vision, mission and main values 12. Not disclosing false information about BNI.
of the Bank as well as applicable internal and external 13. Not using BNI assets for personal gain.
regulations. The Code of Ethics is also the principle and 14. Not misusing BNI’s Corporate Identity for personal
basis that guides the relationship between BNI’s employee gain.
and stakeholders in conducting business. The Code of
Ethics contains a system of values, business ethics, Until now, the material on the Code of Ethics is still quite
work ethics, commitment, and enforcement of company relevant to the situation and conditions at BNI as well as
regulations in conducting business and other activities, as developments in banking regulations in Indonesia.
well as interactions with stakeholders.
BNI always strives to run its business in accordance COMPLIANCE WITH CODES OF CONDUCT
with the principles of GCG. The BNI Code of Ethics was
enacted on December 1, 2010, which is the result of the The Code of Ethics is a form of BNI’s commitment to
revitalization of the previous Code of Conduct (2001). The comply with legal provisions and the highest ethical
BNI Code of Ethics must be obeyed and implemented by standards wherever BNI conducts its business/operational
all BNI Hi-Movers (Board of Commissioners, Directors, BNI activities. In addition to complying with the prevailing
employees), which is indicated by the signing of all BNI Hi- laws and regulations, the management of the Company
Movers in the Statement of Attitude for BNI Hi-Movers as must uphold ethical norms and values. The code of
a concrete manifestation of commitment to implementing conduct applies to all employees of the Company, namely
the BNI Code of Ethics. the Board of Commissioners, Board of Directors and all
employees. All Company personnel have the awareness to
implement good ethics that will enhance and strengthen
BASIC CODE OF CONDUCT the Bank’s reputation.
The main points of the BNI Code of Conduct consist of 14

items which in principle require all BNI Hi-Movers to: DISSEMINATION OF CODE OF CONDUCT
1. Acting professionally, by prioritizing the values of
work
culture of Prinsip 46. In order to socialize and internalize the values of the BNI
2. Become a role model and remind each other to Code of Ethics, a pocket book of the BNI Code of Ethics
subordinates, superiors, colleagues and work partners has been published and has been distributed to all BNI
to implement the BNI Code of Ethics. Hi-Movers. In addition, the Code of Ethics is regularly
3. Maintaining good relations with fellow BNI Hi-Movers. socialized through internal seminars/BNI socialization,
4. Maintain bank secrecy and confidentiality of office. BNI internal media (Sinergi Magazine and BNI Forum
5. Maintain job security. website) which can be accessed by all BNI employees,
6. Protect health, natural resources and the environment. sharing sessions during quality month are held every
7. Recording, reporting and administering work properly, month in each BNI organizational unit. GCG training and
honestly and accurately. Code of Ethics for BNI employees, both new and existing
8. Preventing conflicts of interest that could harm BNI’s employees, as well as coaching conducted by employee
interests. superiors. Violation of the BNI Code of Ethics will be
9. Not giving or receiving gifts of any kind, directly or subject to strict sanctions in accordance with applicable
indirectly from any party, which is related to our duties BNI company regulations and policies.
and responsibilities.
Annual Report 2020

Company Code of Ethics
IMPLEMENTATION AND ENFORCEMENT OF THE CODE
The implementation and enforcement of the Code of Ethics as part of the implementation of GCG is always carried out
through awareness and internalization programs. BNI is committed to developing and implementing GCG principles in every
activity of the Company at all levels or organizational structures starting from the basic level to top management. For this
reason, the existence of the Code of Ethics becomes a code of conduct for the Board of Commissioners, Directors and
employees as part of the efforts to achieve the Company’s Vision and Mission. Enforcement of the Code of Ethics is carried
out by periodically monitoring the compliance of the Code of Ethics and providing facilities for complaints against violations
of the Code of Ethics which is regulated separately in the whistleblowing system. Every BNI person can report deviations
from the Code of Conduct and the identity of the reporter will be protected. All reports must be accompanied by accurate
data and/or evidence so that violations can be further processed. Any violation of the Code of Conduct will be imposed with
sanctions in accordance with the applicable regulations and the imposition of such sanctions is not discriminatory.
TYPES AND FORMS OF SANCTIONS FOR VIOLATION OF THE CODE
BNI Hi-Movers at any level, if proven guiltu of committing violation to the BNI Code of Ethics, will be subject to sanctions in
accordance with the regulations stated in the applicable policies and regulations.
The sanctions are as follows:
Principal sanctions Types and Forms of Violations
Warning Letter (SP) Violations of conduct and order in the work environment
Reprimand Letter (STE) • Violations of conduct and order in the work environment
• Violations of procedure/obligation system
Final Warning Letter (STK) • Violations of procedure/obligation system
• Severe violations that do not fulfill the elements of fraud/cheating/fictitious/engineering and/or
gratifications
Demotion Violation of Procedure/Obligation System containing elements of heavy violation intent that does not fulfill
the elements of fraud/cheating/fictitious/engineering and/or gratifications
Termination of Employment • Violations of Procedure/Obligation System that contains an element of intention and causes harm
• Severe violations that do not fulfill the elements of fraud/cheating/fictitious/engineering and/or
gratifications
NUMBER AND TRENDS OF VIOLATION OF THE CODE OF ETHICS IN 2020
During 2020, there have been 60 (sixty) violations of the code of ethics with the following details:
Principal sanctions 2020 2019
Warning Letter (SP) 2 17

Reprimand Letter (STE) 4 11
Final Warning Letter (STK) 14 6
Demotion 2 2
Termination of Employment 38 24
Total 60 60
Annual Report 2020

Corporate
Governance
CORPORATE CULTURE
The BNI company is identified with “AKHLAK” which is the demands of BNI Hi-Movers Behavior, consisting of:
BNI’s Working Culture, or known as

“AKHLAK”, is the behavioral guide for BNI Hi-Movers
AKHLAK Amanah Kompeten Harmonis

Loyal Adaptif Kolaboratif
Core Values Code of Conduct
1. Keeping promises and commitments

2. Be responsible with the duties, decisions made, and actions
taken
3. Upholding moral and ethical values
4. Improving self-competence to respond to ever-changing
Trustworthy challenges
5. Helping others to learn
Competent 6. Accomplishing duties with highest quality
7. Respect everyone regardless of their background
Harmonious 8. Likes to help others
9. Building conducive work environment
Loyal 10. Maintaining reputation of fellow employees, leaders, SOE,
and the State
Adaptive 11.
12.
Willing to sacrifice to achieve a greater goal
Obeying the leader as long as not against the law and ethics
Collaborative 13.
14.
Promptly adjusting oneself to be better
Continuously making improvements
15. Be proactive
16. Providing opportunities for various parties to contribute
17. Be open in working together to generate added values
18. Mobilizing the use of various resources for common goals
Annual Report 2020

Anti-Gratuity & Anti-Bribery Policy
One of the implementation of Good Corporate Governance Furthermore, each semester BNI Hi-Movers hold the
and Code of Conduct at BNI is the implementation of Anti-Gratuity & Bribery Declaration, as a reminder to all
Gratification Control. As an initial stage in implementing employees to report every gratuity they receive to the
the Gratification Control program, the President Director Gratification Control Unit (UPG) as well as sanctions
has signed a “Gratification Control Commitment” that will be imposed on employees for violating gratuity
witnessed by the Chairman of the Corruption Eradication provisions at BNI.
Commission (KPK Chair) on 17 October 2016, and attended
by the Board of Commissioners, Board of Directors, Top As an effort to digitize paperless gratification reporting,
Management and Customers, Debtors, and Notaries. since December 2018, BNI Hi-Movers can report gratuities
through the Compliance Information Management
Subsequently, a Gratification Control Unit (UPG) was System (CIMS) portal at the address www.cims.bni.co.id.
formed and is assigned to the Compliance Division. Implementation instructions and technical instructions
Gratuity Control Company Guidelines have been prepared related to this report can be accessed through the BNI ePP
and can be accessed by all BNI Hi-Movers through BNI and the BNI Forum.
ePP. The Company Guidelines (PP) for Gratification Control
add to BNI guidelines related to gratification provisions
previously regulated in the BNI Code of Ethics. ANTI-GRATIFICATION & ANTI-BRIBERY
POLICY SOCIALIZATION
As an effort to improve gratification and bribery control
at BNI on August 11, 2020, BNI has obtained ISO 37001: Socialization on Gratification & Anti-Bribery has been
2016 certification regarding the Anti-Bribery Management carried out, through webinars, publised articles and other
System (SMAP/Anti-Bribery) in the scope of Goods and information related to Gratification & Anti-Bribery on the
Services Procurement in the PFA Division. The acquisition bni.co.id website, print media, and BNI internal media,
of this certification shows that BNI has well managed the including the BNI Forum. The activities that have been
gratification, bribery and whistleblowing control system in carried out by UPG BNI during the 2020 period are as
accordance with international standards and practices that follows:
have been set by ISO. 1. Giving “Employees with Integrity” Award Certificate
signed by the Director of Human Capital & Compliance
for reporting Gratuities to UPG during 2019 through
GRATIFICATION & ANTI-BRIBERY KPN memo No. KPN/6/0076 dated January 16, 2020.
CONTROL MANAGEMENT 2. The signing of the Commitment to Implement Good
Corporate Governance (GCG) by all BNI Hi Movers at
Since the signing of the Anti-Gratification commitment, the beginning of each year, where one of the clauses
BNI has implemented Gratification control in its operational is “Not giving, promising and/or receiving rewards
activities. The Gratification Acceptance/Rejection was in any form to or from fund customers or debtor
reported to UPG and forwarded to the KPK through the customers, vendors, partners, work partners and/
Online Gratification (GOL) application. The Compliance or other parties both external and internal, cfm KPN
Division has also provided oral and written consultations on Memo No. KPN/6/0182 dated February 5, 2020.
Divisions/Units/Units’ questions regarding Gratuities. 3. Dissemination of Gratification Control and the Gratuity
Reporting Mechanism at the Internal ODP Training and
At the beginning of each year, all BNI Hi-Movers sign Bina BNI training in 2020.
an Employee Integrity Pact, one of which points are as 4. Procurement Providers Forum with the theme “Reject
follows: “Not giving, promising and/or receiving rewards Gratification, Create a Procurement Ecosystem
in any form to or from customers, funding or debtors, with Integrity and Professionalism” on February 18,
vendors, partners, partners and customers./or other 2020 with guest speakers being the Director of KPK
parties, both external and internal.“ Gratification which was attended by all Directors,
Commissioners, Division Leaders and Regional
Leaders.
Annual Report 2020

Corporate
Governance
5. Organizing Quality Month March 2020 as “Awareness 15. Survey “Understanding BNI Hi-Movers related to
Month for Gratification” at all Regional Offices/ SMAP including understanding of Gratification Control
Branches and Centers since March 2, 2020. and Whistle Blowing System (WBS)” which was
6. Completion of the Guidelines for Preventing conducted from July 16, 2020 to 24 July 2020 with
Corruption to measure the implementation of Good a score of 3.7 from a scale of 4 where all employees
Corporate Governance at BNI, which was submitted to understand and the objectives of the cfm gratuity
the OJK on March 31, 2020. reporting and whistleblowing system memo KPN
7. Kick Off and Executive Briefing of the Anti-Bribery No. KPN/6/1063 dated July 16, 2020.
Management System (SMAP/Anti-Bribery) on April 16. Display of awareness related to BNI’s Anti-Bribery
28, 2020 which was attended by the entire Board of commitment on the web banner of the website www.
Directors. bni.co.id with the tagline “BNI Hi Movers Refuse
8. Submission of request for acceptance of gratuities Gratuities and Bribery” since 22 July 2020.
related to Idul Fitri 1441 H to all Divisions/Units/Units 17. Delivery of Appreciation for Gratification Reporting
through KPN Memo No. KPN/6/0556 dated May 4, for BNI Anniversary 74th to the Banjarmasin Regional
2020. Office through the KPN No. KPN/6/1200 dated 29 July
9. Prohibition of Use of Service Facilities for Personal 2020.
Interest to all Regional Offices through KPN Letter No. 18. Provide consultation and submit Compliance Opinions
KPN/6/0615 dated 15 May 2020. on questions related to gratuities from Divisions/Units/
10. Declaration of Gratification and Anti-Bribery through Units, among others; Compliance Opinion regarding
the DigiHC application which was held from 9 to the invitation “Testing and User Acceptance Test (UAT)
June 30, 2020 which was attended by 19,739 BNI by vendors. Privy regarding the making of the Digital
employees. Credit Card Form application on January 15, 2020,
11. Dissemination of the Anti-Bribery Management and Compliance Opinion regarding Billing Service Fee/
System (SMAP/Anti-Bribery) through the webinar Treasurer Fee on November 6, 2020.
“Implementation of Anti-Bribery Commitments in 19. Display of BNI’s Anti-Bribery and Anti-Gratification
the Banking World” on June 16, 2020, with Prof. DR. Commitment Digital Banner at all Branch Offices/Sub-
Eddy O.S Hiariej (Professor of Criminal Law - UGM) Branch Offices/Cash Offices or in other places seen by
attended by 26,226 employees throughout Indonesia. Customers since August 3, 2020.
12. Require all BNI Hi Movers to access the “Anti-Bribery” 20. The signing of the Anti-Bribery Policy Statement to
Learning Module which will be recorded on the MoRe support the implementation of the SMAP in the BNI
unLeash - BNI Smarter menu from June 23, 2020 to 3 Financial Conglomeration by the President Director
July 2020 via KPN memo No. KPN/6/0879 dated June and President Commissioner of BNI on 6 August
23, 2020. 2020.
13. Require all BNI Hi Movers to access the Learning 21. Broadcasting video testimony of Implementation
Module “SMAP/Anti-Bribery Implementation” which and Support for Anti-Bribery and Anti-Corruption
is recorded on the MoRe unLeash - BNI Smarter menu Management by the President Director of BNI in
from 7 July 2020 to 12 July 2020 via KPN memo No. August 2020.
KPN/6/0976 dated July 7, 2020. 22. Prohibition of Acceptance/Granting of Gratuities in the
14. Webinar “BNI Hi Movers Anti-Bribery” on July 9, Internal Environment of BNI to the Board of Directors
2020, which was delivered by UPG BNI with Robere through a memo to Dir HN No. KPN/6/1412 dated
& Associates Indonesia and attended by 21,332 September 16, 2020.
employees. 23. Report the things that have been done by the
Gratification Control Unit to the Corruption Eradication
Commission (KPK) to get feedback regarding the
Gratification Control strategy cfm. KPN Memo
No. KPN/6/1483 dated 29 September 2020.
Annual Report 2020

Anti-Gratuity & Anti-Bribery Policy
24. Socialization of Gratification Control to all Division/ 2020 GRATIFICATION REPORT

Unit/Unit Secretaries on 23 November 2020 and
to Regional Offices on 27 November 2020. This Reports on the acceptance/rejection of gratuities
socialization is expected to provide an understanding submitted by the reporter (in this case: BNI employees) to
of gratuities and the reporting mechanism through the the Compliance Division, which are then forwarded to the
Compliance Information Management System (CIMS) KPK through the Online Gratification (GOL) application. The
portal. report of acceptance/rejection of gratuities submitted by
25. Submission of appeals for acceptance of Gratuities the Reporting Party has been forwarded to the KPK with an
related to Christmas and New Year 2021 to all average reporting period of no later than 4 (four) working
Divisions/Units/Units through KPN Memo No. days from the deadline of 30 (Thirty Days) working days.
KPN/6/1960 dated 3 December 2020.
26. Webinar AKHLAK Series with the theme “BNI Hi The following is the trend of BNI gratification reporting in
Movers Against Gratuities and Bribery” on December the last 2 years:
18, 2020, inviting resource persons, Mr. Syarief
Hidayat (Director of Gratification of the Corruption Trend of BNI Gratification Reporting for
Eradication Commission) attended by Mrs. Adi 2019-2020
Sulistyowati (Deputy President Director) and Mr. Bob
T. Ananta (Director of Human Capital & Compliance). Frequency of Gratuity Reporting
365
290
2019 2020
In 2020, the reporting of gratuities to UPG increased by

25.86% from 290 reports in 2019 to 365 reports in 2020,
while the nominal reporting was Rp1,621,613,470 in 2019
and amounted to Rp308,323,750 in 2020.
Annual Report 2020

Corporate
Governance
Whistle Blowing System
In order to increase the effectiveness of GCG • Coordinating the provision of protection for
implementation, the Company’s management is Reporting Parties with related units both at the
committed to running the company in a professional Head Office and outside the Head Office.
manner based on corporate behavior that is in accordance • Monitor the handling of the completion of reports
with the code of ethics and work culture, in order to realize submitted through the WBS.
good corporate governance. Therefore, the Company has • Evaluated and took corrective actions on the
built a Whistleblowing System (WBS). effectiveness of BNI WBS.
2. The authority of the WBS Manager is:

EXISTENCE AND PURPOSE OF THE • Provide recommendations to the WBS Person
WHISTLEBLOWING SYSTEM in Charge regarding follow-up handling of the
Report.
The implementation of the Whistleblowing System (WBS) • Determine follow-up on reports, especially reports
with the name of “WBS to CEO” is an early detection whose follow-up decisions are in the authority of
mechanism for the occurrence of a violation in BNI that the WBS Manager.
can cause financial losses, including things that can • Provide recommendations to the WBS Person in
damage BNI’s image. WBS management is carried out in Charge regarding the request for protection from
collaboration with an external party, namely Deloitte. Thus, the Reporting Party.
WBS is a commitment to create a clean and integrity work • Take other necessary actions in the context of
environment in the form of active participation of BNI Hi- implementing the WBS.
Movers to report violations that occur within BNI.
SUBMISSION OF REPORT VIOLATIONS

WHISTLEBLOWING SYSTEM
MANAGEMENT Violation reporting through WBS can be done by means of:
Phone : 021-57853377
Person in charge for WBS at BNI is the President Director Email : bni-transparan@tipoffs.com.sg
who is assisted by the Director of Compliance and Letter : BNI Transparan PO BOX 2646/JKP 10026
Corporate Risk in carrying out his duties as the person in Website : http://bni-transparan.tipoffs.com.sg
charge of WBS, the President Director appoints the Head SMS/Whatsapp : Number (081-1970-1946)
of the Compliance Division as the WBS Manager. The WBS
Manager is the person in charge of WBS implementation
at BNI who is responsible to the President Director through THE HANDLING OF COMPLAINTS
the Compliance and Corporate Risk Director. In carrying
out these functions, the WBS Manager is assisted by BNI The handling of complaints through WBS:
WBS Officers who have the competence and integrity to 1. The WBS Consultant Team prepares a disclosure
carry out WBS daily activities. The appointment of the BNI report along with follow-up recommendations based
WBS Officer is carried out by the President Director and/ on the violation report received, then uploads it into
or the Company’s Compliance and Risk Director upon the e-room specially prepared for BNI no later than 1
recommendation of the WBS Manager. working day after the report is received. The WBS
consultant team will send an e-mail to the BNI WBS
Duties and Authorities of the WBS Manager as follows: Manager and/or the appointed BNI WBS Officer as
1. Duties of WBS Manager well as other e-room members regarding the new
• Manage the implementation of the WBS. disclosure reports that enter the e-room. BNI WBS
• Coordinating the handling of follow-up reports that officers are expected to provide feedback regarding
come through the WBS. follow-up actions within a predetermined time.
Annual Report 2020

Whistle Blowing System
2. The timeframe for providing feedback regarding the 4. Bribery/Gratification

follow-up to the disclosure report is as follows: Receive something in any form and regardless of
• First response: no later than 15 (fifteen) working the amount/value from other parties related to their
days after the disclosure report has entered the position/authority/responsibility at BNI.
e-room.
• Next response: at the end of each month 5. Unethical Conduct
following the first response. Actions or actions taken by BNI Hi-Movers that cannot
3. In order to maintain independence, if there is a be justified ethically, such as violations of the BNI
violation report that mentions the name or involves a Code of Conduct.
member of the e-room, the e-room member cannot
access the e-room.
WHISTLEBLOWING SYSTEM
SOCIALIZATION
PROTECTION FOR WHISTLEBLOWER
The implementation of WBS socialization is carried out
The first protection for whistleblowers is the confidentiality continuously, including the implementation of training for
of the identity and reports submitted by the whistleblower. new employees, socialization via videos, posters, sms
The form of protection for whistleblowers is adjusted to blasts to all employees and through the role of the Central
the form of threats/actions received. Protection is provided Workers Union (SP) to help disseminate information to all
with due observance of the principle of confidentiality and employees in the Branch/Center.
related provisions applicable to BNI.
BNI will continue to strive to improve understanding
and concern for employees to report violations through
TYPES OF VIOLATIONS THAT MAY BE the WBS so that it can create a clean and integrity work
REPORTED environment. In relation to this, the following optimization
steps have been taken:
Reports submitted through the WBS are reports of 1. Delivering the progress of WBS completion through
violations as follows: the BNI forum;
1. Fraud 2. Delivering WBS material through in-class training to
Fraud is dishonest or deceptive acts including, among prospective employees at the Officer Development
other things, fraud, extortion, forgery, concealment Program (ODP) level and the Assistant Development
or destruction of documents/reports or using fake Program (ADP);
documents, committed by a person/group of people 3. Installing WBS posters in each unit;
that causes potential loss or real loss to the company. 4. Disseminating WBS to all employees through
webinars, internal media/magazines, posters and WBS
2. Regulation/Legal Violation e-learning;
Act of violation that is subject to sanctions according 5. Expansion of reporting by involving external parties;
to applicable legal provisions both internally and 6. Additional reporting media channels;
externally. 7. Outreach to external parties through socialization
tools on the units, BNI website, inclusion of WBS
3. Conflict of Interest information in agreements with third parties;
A situation in which members of the Board of
Directors, members of the Board of Commissioners,
committee members, permanent/non-permanent/
outsourcing employees (BNI Hi-Movers) because
of their position, position or authority at BNI have
personal interests that can objectively influence the
tasks mandated by BNI, resulting in a conflict between
personal and/or group and/or family interests and the
economic interests of BNI.
Annual Report 2020

Corporate
Governance
TOTAL COMPLAINTS
As of December 31, 2020, there were 106 (one hundred and six) reports of violations received through WBS, while in 2019
there were 108 (one hundred eight) reports. The report on the violation is followed up by an investigation process carried
out by the Auditor who is in charge of the unit where the violation occurred.
The reporting tools used in reporting WBS are as follows:

1. Email, as many as 48 (forty eight) reports or 45% of the total WBS reports.
2. Website, as many as 31 (thirty one) reports or as much as 29% of the total WBS reports.
3. Hotline, as many as 7 (seven) reports or 6% of the total WBS reports.
4. Short Message Service (SMS) as many as 4 (four) reports or 4% of the total WBS reports.
5. By mail, as many as 4 (four) reports or 4% of the total WBS reports.
6. Whatsapp as many as 12 (twelve) reports or 11% of the total WBS reports.
SANCTIONS/FOLLOW UP ON COMPLAINTS IN 2020 (SD 31-12-2020)
Based on the results of the investigations carried out, the follow-up progress of the WBS report is as follows:
Number of Complaints and Follow-Up

No Type of Violation Total In progress Proven Unproven
1. Violation of laws/rules 37 7 11 19
2. Unethical behavior 15 6 5 4
3. Fraud 6 3 2 1
4. Bribe/Gratification 5 - 1 4
5. Conflict of Interest 5 3 1 1
6. Considered Out of Scope *) 38 - - -
Total 106
Remark:
*) not of WBS object
Based on the results of IAU audit on the WBS reporting, there were 21 reports that were declared proven. The follow-up
action to Reported Parties that were proven guilty are Counselling and Transfer as much as 7 reports, dismissal sanctions
1 report of, credit decision revocation 1 report. In addition, there still are 7 reports under further examination by IAU and 5
reports are still in the process of administrative sanctions.
Annual Report 2020

Internal Fraud
Internal Fraud is a deviation/fraud committed by the Management, permanent and non-permanent employees (honorary and
outsourcing) related to the work processes and operational activities of the Bank which affect the financial condition of the
Bank.
Information on the number of internal deviations in 2020 can be seen in the table as follows:
Number of cases committed by

Management Permanent Employee Non-permanent Employee
Internal fraud within 1 year
Previous Current Previous Current Previous Current
Year Year Year Year Year Year
(2019) (2020) (2019) (2020) (2019) (2020)
Total fraud -- -- 5 Fraud 6 Fraud 1 Fraud 2 Fraud

Resolved -- -- 5 Fraud 5 Fraud 1 Fraud 2 Fraud
In progress of internal resolution -- -- -- 1 Fraud -- --
Resolution not started -- -- -- -- -- --
Processed through legal channel -- -- -- -- -- 1 Fraud
Remark:
Internal fraud cases with more than Rp100 million loss
Annual Report 2020

Corporate
Governance
Provision of Funds to the Related Parties

and Large Exposure
BNI already has policies and procedures regarding the d. Provision of funds to related parties shall ask for
Legal Lending Limit (LLL), lending to Related Parties and approval from the Board of Commissioners.
also policies that govern credit limits per industry sector, e. Provision of large funds shall ask for approval from
along with monitoring and settlement. BNI periodically the management and for certain amount must be
conducts Credit Procedure Committee and Credit Policy consulted with the Board of Commissioners.
Committee meetings as well as Board of Directors f. IAU conducts assessment of credit centers based
Meetings to discuss matters related to credit policies, on risk assessment to ensure the adequacy of risk
procedures and operational activities. management and internal control, including in the
credit granting process.
To ensure that the provision of funds to the related parties
and large exposures is in accordance with the principle of
prudence, BNI has an adequate internal control system as In applying the provision of funds by the Bank to related
follows: parties or providing large funds:
a. Establishing policies and procedures in the process of 1. Management pays attention to the provision of large
granting credit. amounts of credit, among others, concerning the
b. Conducting Ex-ante reviews in the process of provision of funds to debtors through the Internal
providing new and additional loans with a nominal> Rating System (corporate, commercial, and small
Rp5 billion in the form of Credit Compliance Review business), Loan Portfolio Management, Loan Exposure
(C2R) on the proposed Credit Application Tool (PAK) Limits (per segment, per economic sector and per
submitted by the Compliance Work Unit and in the regional ), LLL (for internal BNI through Internal House
process of procuring goods and services with a Limit), and Country Exposure Limit.
nominal ≥ Rp1 billion in the form of Procurement 2. Total capital and CAR ratio are always reported to
Compliance Review (PCR) Management and all units in order to have guidelines
c. Ex-post reviews have been carried out by the in carrying out bank business activities, especially
Compliance Work Unit and the Internal Audit Work those concerning the provision of funds.
Unit.
Submission of reports to BI has been carried out in
accordance with applicable regulations. The amount of
funds available to related parties can be seen in the table
below:
Total
Provision of Funds
Debtor Amount (Rp Million)
To Related Parties 364 5,151

To Debtor Individual and Group 20 176,552
Annual Report 2020

Provision of Funds for Social and Political
Activities
BNI has a policy that prohibit BNI employee from becoming members and/or donors of political parties. During 2020,
there will be no funding for political activities. Meanwhile, the costs incurred in social activities through the Community
Development program throughout 2020 are as follows:
Description Amount (Rp)
Assistance for Victims of Natural Disasters 69,387,411,411

Educational and/or Training Assistance 32,380,039,820
Poverty Alleviation Assistance 22,776,608,906
Assistance for Worship Facilities 20,225,065,846
Health Improvement Assistance 13,215,031,926
Assistance for the Development of Public Infrastructure and Facilities 13,066,507,604
Assistance for Nature Conservation 3,555,521,197
Total Community Development Funds Disbursement 174,606,186,710
Annual Report 2020

Corporate
Governance
Procurement of Goods and/or Services
BASIC PRINCIPLES AND ETHICS OF • Not to influence each other directly or indirectly which
PROCUREMENT OF GOODS AND/OR results in unfair business competition;
SERVICES • Accept and be responsible for all decisions made in
accordance with the written agreement of the parties
The basic principles of procurement of goods and services concerned;
at the Bank are as follows: • Avoid and prevent conflicting interests of related
1. Efficient: procurement of goods and/or services must parties, both directly and indirectly, which results in
be endeavored to obtain optimal and best results in a unfair business competition in the Procurement of
shortest amount of time by spending minimum funds Goods and Services;
and capability in a reasonable manner and not solely • Avoid and prevent waste/leakage of state/company
aiming to getting the lowest price. finances;
2. Effective: the procurement of goods and/or services • Avoid and prevent abuse of authority and/or collusion;
must be in accordance with the predetermined and/or
requirements and provide the maximum benefit in • Not accepting, not offering, nor promising to give
accordance with the targets set. or receive gifts, rewards, commissions, rebates,
3. Competitive: procurement of goods and/or services and anything from or to anyone that is known
must be open to all the Providers of Goods and/or or reasonably suspected to be related to the
Services that meet the qualifications and is performed Procurement of Goods and Services.
in fair competition between equal Providers of goods
and/or services that meet certain conditions/criteria
based on clear and transparent rules and procedures. GOODS AND/OR SERVICES
4. Transparent: all provisions and information regarding PROCUREMENT METHODS
the procurement of goods and/or services, including
procurement administrative technical requirements, 1. Tender, namely procurement that is widely announced
evaluation procedures, evaluation results, through the mass media with at least 3 (three)
determination of prospective suppliers of goods and/or potential participants.
services, are open to all the qualified providers goods 2. Limited Tender, namely the procurement of goods
and/or services. and/or services offered to limited number of parties
5. Just and Fair: arrange an equal treatment for all with at least 2 (two) potential participants within
prospective Goods and/or Service Providers who meet certain limited values.
the requirements. 3. Direct Selection, namely the procurement of goods
6. Open: procurement of goods and/or services can be and/or services which is carried out directly by
pursued by all prospective providers of goods and/or appointing one provider of goods and/or services
services that meet the requirements. with due observance to the conditions of Direct
7. Accountable: must achieve the target and can be Appointment.
accounted for so as to keep away from potential 4. Direct Procurement, namely the purchase of goods on
misuse and irregularities. the market, thus the value is based on market prices,
including E-purchasing within certain limited values.
In implementing the procurement of goods and services, 5. Self-management is implemented for work that is
BNI implements the following ethics: incidental and/or simple and easy to supervise/monitor.
• Carrying out tasks in an orderly manner, with a sense The implementation of the work if the labor force or
of responsibility to achieve the goals, efficiency and daily labor must be individual/individual within certain
truthfulness to the objectives of the Procurement of limited values.
Goods and Services;
• Work professionally, independently, and maintain the
confidentiality of information which by nature must
be kept confidential to prevent deviations from the
Procurement of Goods and Services;
Annual Report 2020

PROCEDURES FOR PROCUREMENT OF GOODS AND/OR SERVICES
Stages of the Procurement Process

BNI applies the following stages of procurement of goods or services:
Procurement Process Flow
Unit input process output
User Request for Procurement Technical Evaluation Preparation of Contract Signing Contract
Decision Maker Decision
Document
Compliance Compliance Examination
Complete?
HPS Preparation of HPS
T Y
VM Preparation of DRTU
Contract Contract Preparation
Procurement Result
Executor Financial Evaluation
Decisions
Request Analysis
Request for Decision* Fulfillment of Final Contract
* Request for decisions & Preparation of Procurement Process
according to authority Completeness Procurement Documents
Procurement Documents
Process of Procurement of Goods and/or Services

The process of procuring goods and/or services consists of:
1. Tender, for the procurement of goods and/or services with at least 3 (three) potential participants.
Tender Method
START A
Announcement • Procurement of goods and/or

Technical Evaluation services that are announced widely
and openly for each vendor of
Registration goods and/or services.
Condition*) T
Participants
Reset Tender passed Technical ≥ 3 • Followed by at least 3 (three)
Participant or condition *) vendors who have registered and
T
≥3 fulfilled the requirements in the
or Condition *) Y
auction announcement.
T
Price
Y • Price negotiations shall be carried
Offer ≥
Reset Tender
DRTU 3 participant or out using the e-auction module
condition*) unless this is not possible.
Meeting/Aanwijzing Y
• For certain needs, more than 1 (one)
Preparation of HPS vendor of goods and/or services
Submission of Technical may be appointed.
Offer
Financial Evaluation
T Proposal for Potential

Participant
Technical ≥ 3 or Reset Tender Winners
Condition *):
Condition*)
Tenders that have undergone an extension of
Compliance Examination the announcement can be continued without
Y repetition.
Rebuttal Period
A SPK/Contract
END
Annual Report 2020

Corporate
Governance
2. Limited Tender for the procurement of goods and/or services offered to limited number of parties with at least 2 (two)
potential participants within certain limited values.
Limited Tender Methods
START A
Invitation/
Announcement
Technical Evaluation • Procurement of goods/services by
comparing offers from BNI partners
Registration who meet the requirements.
Condition*) T
Participants
Limited Tender
passed Technical ≥ 2 • Value > of the specified value limit.
Reset
or Condition *)
Technical T
Participant ≥ 2 • Procurement of goods/services that
Y
are carried out by offering a limited
T
Price amount to prospective participants
Y who meet the requirements.
Limited Tender Offer ≥ 3
DRTU ≥ 2 Reset participants or
or Condition *) Condition *) • At least 2 (two) prospective
Meeting/Aanwijzing
participants who meet the
Y
requirements participated in the
Preparation of HPS tender.
Submission of Bid
Documents
Financial Evaluation
T Proposal for Potential

Technical
Reset Direct Winners
Participant ≥ 2 atau
Selection Condition *):
Condition*)
Limited Tenders which have undergone an
Compliance Test extension of the tender process announcement
Y can be continued without further repetition
Rebuttal Period
A SPK/Contract
END
3. Direct Selection, for the procurement of goods and/or services with due observance of the conditions for direct
appointment as follows:
Direct Appointment Method
START
Direct Appointment can be made if it meets at least 1 (one) 3. Goods and/or services that are knowledge intensive
of the following criteria, namely: in which to use and maintain these products requires
1. Goods and/or services required for the main performance continuity of knowledge from providers of goods and
DRTU of BNI and cannot be delayed (business critical assets). services
2. There is only one vendor who can carry out work 4. Goods and/or services owned by IPR (Intellectual
Meeting/Aanwijzing according to user requirements or in accordance with the Property Rights) holders or which have a warranty from
provisions of applicable laws and regulations, including: the Original Equipment Manufacture.
a. Single agent; 5. Goods and/or services that contain confidentiality and
b. Patent holders; physical security, including goods and/or services in order
Submission of Technical c. Principal; to secure/save troubled assets belonging to BNI.
Offering d. Business partner who is directly appointed by the 6. Unavoidable added or continued work in the context of
principal; completing the procurement of goods and/or services.
Technical Evaluation e. Goods and services that contain elements of 7. Procurement of goods and/or services which are
security; purchases or re-procurement (repeat orders)
f. Goods and services that support the existing 8. It is permissible to appoint certain goods that are
Submission of Price system; purchased directly from the factory or sole agent to
Offering Document g. Goods and services for the purposes of upgrading obtain a corporate price.
(upgrading the program module with additional 9. Goods and/or service providers are BUMN, BUMN
functions)/maintenance, addition, expansion of Subsidiaries or BUMN Affiliated Companies as long
Preparation of HPS goods and services carried out by brand holders or as the goods and/or services referred to are products
by executors of existing Procurement; or services from BUMN, BUMN Subsidiaries, BUMN
h. Maintenance and development services by Affiliated Companies and/or small and micro businesses
Financial Evaluation providers/principals of certain products used at BNI and as long as they are of quality, price, and purpose can
with the following criteria: be justified.
- The job has high security depending on the 10. Procurement determined by the Board of Directors with
Proposing Direct vendor/principal maker; prior approval from the Board of Commissioners.
Appointment - Technically, maintenance work is needed for 11. Consultants who have not previously planned to face
BNI’s operational continuity; certain problems whose implementation must be
- Extension of license. immediate and cannot be postponed
Compliance Test i. Procurement that can only be provided by certain 12. Procurement of goods and or services with certain
companies, including: electricity installation by PT defined value limits
Perusahaan Listrik Negara (Persero), installation of 13. Procurement of goods and/services by way of direct
SPK/Contract telephones by PT Telekomunikasi Indonesia (Persero) appointment for the purposes of handling Corona Virus
Tbk, installation of gas by Perum Gas Negara Disease (Covid-19)
END
Annual Report 2020

4. Direct Procurement is carried out for the procurement within certain limited values which is determined by purchasing
directly at a shop or seller, and ifthe value is above certain specified value it can be carried out with the following
conditions:
a) Goods and/or services made/created specifically for art work.
b) Subscription/membership goods and/services are based on the results of an accountable study.
5. Self-management is a simple service procurement within certain limited values.
PROCUREMENT THROUGH ELECTRONIC PROCUREMENT (E-PROC) APPLICATIONS
As one of the means to support BNI’s strategy to transform into digital banking in the context of facing business
competition, increasing stakeholder satisfaction and GCG principles. Since 2017 BNI has used the Electronic Procurement
(e-Proc) Application to procure goods and services, in the form of the Procurement Management and Vendor Management
modules.
The use of the e-Proc application will reduce administrative and operational costs that must be incurred from BNI and
vendors. Even through the new Contract Management module prospective vendors who have not been registered as
BNI partners can directly register online through the website https://e-proc.bni.co.id, with the module, the vendor is more
qualified, the procurement process is better monitored, and more transparent.
Procurement through Electronic

Procurement (E-PROC) Application
Annual Report 2020

Corporate
Governance
Process for Procurement through Electronic Procurement (E-PROC) Applications
Vendor Management Procurement Management Contract Management
Procurement Decisions and Compliance

Partner Registration Contract Drafting Process
Test Process, Work Orders
Classification and Qualifications of

Aanwijzing and Bid Evaluation Process Execution of Work and Payments
Partner
Announcement and Registration of

Registration of Partners and Partner
Bidders: Auctions, Direct Selection, Asset Listing
Evaluation
Direct Appointment
APPLICATION OF PROCUREMENT MONITORING TOOLS
As one of the means to support the procurement process at BNI Headquarters, since 2015 BNI has used the Procurement
Monitoring Application to monitor the procurement process at the Procurement Unit.
The use of the Procurement Monitoring Application will make it easier to find out the status of the ongoing and completed
procurement processes. The application is also useful as a procurement SLA information and Opex/Capex budget efficiency
and as a basis for preparing quarterly/semester/annual Manual Data Collection (MDC) to determine KPIs.
Application Procurement Monitoring Tools
Annual Report 2020

ISO 37001:2016 Anti-Bribery Management To support this commitment, the company appointed
System the anti-bribery compliance function as an independent
function, to develop, oversee the implementation and
encourage continuous improvement of the Anti-Bribery
Management System, as well as to take firm action in
accordance with its authority for violations of the Anti-
Bribery Management System.
Anti-Bribery management system policy This is

communicated and socialized in the environment PT Bank
Negara Indonesia (Persero), Tbk and other stakeholders
to ensure Good Corporate Governance and free from
corruption, Collusion and Nepotism (KKN), and periodic
reviews are carried out in accordance with the company’s
commitments.
ISO 30301: 2019 Records Management

System
SNI ISO 37001:2016 (Anti-Bribery Management System
within the scope of Goods and Services Procurement in
the Asset Management and Procurement Division) Anti-
Bribery Management System (Procurement of Good and
Services at Procurement and Fixed Asset Division) dated
August 11, 2020.
PT Bank Negara Indonesia (Persero), Tbk in carrying out all

Company activities adheres to the values of work culture,
namely Principle 46 and is committed to:
1. Carry out Honest, Sincere and Sincere Behavior as
well as be disciplined, consistent and responsible
and implement laws and regulations and internal
regulations related to the Anti-Bribery Management
System in every action and decision making.
2. Be firm against all forms of bribery to realize good To improve the quality of archival management according
corporate governance and free from all forms of to international standards and support operations in terms
corruption, collusion and nepotism (KKN) of the archive management system that is implemented
3. Playing an active role in ensuring the implementation in relation to its management and services, BNI initiated
of the Anti-Bribery Management System, including the ISO 30301: 2019 Certification Management System
by reporting suspected anti-bribery policy violations in within the scope of the BNI Record Center Cikupa - Main
accordance with the applicable mechanism at PT Bank Building. In the implementation of ISO 30301, policy
Negara Indonesia (Persero), Tbk. making and archiving manuals are an integral part of
4. Willing to accept the sanctions set by the company if implementing an archive management system. ISO 30301:
proven to have violated the anti-bribery policy. 2019 Certification for Records Management System was
obtained by BNI on October 21, 2020 with the following
Archives management system policy:
Annual Report 2020

Corporate
Governance
The BNI Records Management Unit is committed to implementing a good and correct Records Management System to
become an international standard Record Center by:
1. Responsible for providing Archives Management Targets in accordance with BNI’s vision and mission.
2. Responsive in providing excellent service and making continuous improvements to improve the effective and efficient
application of the ISO 30301:2019 Archives Management System.
3. Careful in complying with all laws and regulations regarding archive management at the BNI Record Center. This
shows the parties concerned about BNI’s commitment and desire to continue to carry out good organizational
governance and contribute to continuous improvement, increase the efficiency and effectiveness of operational
services and company performance so that it can provide the best service, especially for stakeholders.
BNI Record Center (BRC) Cikupa

The BNI Archives Unit has a Record Center in Cikupa, Tangerang which is one of the largest Record Centers in Indonesia,
with an area of 3.4 hectares and a total building area of 1.3 hectares and equipped with a storage capacity of 337,200
boxes. BNI is the first bank in Indonesia to receive Archive Accreditation with “A” (Special) rating from the National
Archives of the Republic of Indonesia (ANRI), twice winning the 2nd place in the BUMN Best Archive Unit Competition
category organized by ANRI. Cikupa BRC was visited by the Archivist from KITLV Leiden, The Netherlands. These things
made the Cikupa BRC occasionally become the reference of studies from institutions both government and private.
Annual Report 2020

ISO 9001: 2015 Quality Management ISO 9001: 2015 Quality Management
System at HPS Section (Self Estimated System for Vendor Management
Price)
In order to improve the management quality of

SNI ISO 9001: 2015 (Quality Management System) in management vendors according to international standards
the HPS Section (Self-Estimated Price) was obtained on and support dhi efficiency. suppressing bad quality,
November 2, 2020. increasing productivity and operational effectiveness, BNI
initiated ISO 9001: 2015 Quality Management System
Quality Policy is the main policy of Management of certification in the field of Vendor Management. The
PT Bank Negara Indonesia (Persero), Tbk - Self-Estimated certificate was obtained on November 12, 2020.
Price Section, namely:
The Vendor Management Division is committed to being a
“Self Estimated Pricing Section is committed to being a reliable vendor service provider in supporting the process
service provider that customers can rely on by providing of procuring goods and/or services by providing quality
fair prices, on time, complying with applicable laws and and best vendor recommendations in their fields and
regulations and striving to make continuous improvements continuing to make continuous improvements to improve
to improve service quality” This Quality Policy is the quality of services through the development of human
communicated and socialized to all work units in the Asset resources who: With this certification, it can improve the
Management & Procurement Division. In order to regulate quality of the company’s products and services, which will
daily operations in the HPS (Self Estimated Price) Section lead to increased stakeholder satisfaction.
to ensure the quality of the products and services provided
to Stakeholders in the Asset Management & Procurement
Division.
Annual Report 2020

Corporate
Governance
Professional in acting and ensuring FLASH service delivery to all stakeholders

FAST Fast in action and in service
LEAN Reliable and trustworthy
ACCURATE Service accuracy that is satisfactory and right on target
SAFE Be careful in acting and taking a positive image for stakeholders
HONEST Honest, and sincere to create a positive image of the organization for
stakeholders
Focus on customer needs and satisfaction and continuously improve service quality in
the effective and efficient implementation of the ISO 9001: 2015 Quality Management
System
Accountable for every job responsibility that is in line with service values and
organizational culture, including compliance with relevant laws and regulations.
With this certification, it can improve the quality of the company’s products and services, which will lead to increased
stakeholder satisfaction.
Annual Report 2020

ASSETS INFO As an additional effort in completing the supporting

facilities for work-life balance, currently BNI Hi Movers
Menara BNI who have a cycling hobby have provided facilities for BNI
BNI Tower is a new icon owned by BNI with the concept Hi Movers in the form of bicycling parking stations and
of Green Building (Gold), located on Jl. Pejompongan Raya room showers because BNI realizes that every bicycle
Jakarta, consisting of 2 towers namely Tower Office with stroke will get the cyclists closer. in a body that is getting
31 floors and Tower Podium with 6 floors. healthier. Not only healthy for the body, but refreshing the
soul. BNI provides facilities that allow BNI Hi Movers to
To support the work-life balance needs of BNI employees, ride more freely, both when they arrive at the office and
BNI Tower is equipped with facilities such as BNI Digicafe return from work.
Foodcourt, outdoor courts, rooftop gardens, social rooms,
daycare, nursery rooms, gym centers, helipads, ballroom This effort by BNI resulted in recognition from the
and representative mosque. Provincial Government (Pemprov) of DKI Jakarta which
gave an award to the BNI Tower Building as a 2020 Cycle
Friendly Building for Office Category. The award was given
by the Deputy Governor of DKI Jakarta Ahmad Riza Patria
in Jakarta.
Annual Report 2020

Corporate
Governance
Annual Report 2020

Bank’s Strategic Plan
BNI has prepared a timeline for implementing the strategic 2. 2020 - Business expansion through the digital
plan in order to achieve the strategic initiatives that have corporate and retail ecosystem
been set for the next 5 (five) years. The preparation of the Implementation of strategic initiatives that focus on
implementation timeline is based on the following criteria: accelerating growth across the Board of Directors and
entering new propositions such as digital attackers
Initiatives that start in the short term must meet the and Ecosystem propositions.
following criteria:
• Initiatives with a high level of familiarity with the BNI 3. 2021 - Strengthening the company’s structure
management team through innovation
• Initiatives that are ready to face current challenges Implement strategic initiatives that focus on enhancing
• Initiatives needed to enable the implementation of new propositions and maintaining accelerated growth.
other initiatives in the medium term.
4. 2022 - Becoming a leading value creator through
Based on the implementation timeline, BNI has set a digitalization of financial services
theme for each year, namely: BNI is focused on ensuring sustainable growth,
1. 2019 - Strengthen core business with digital followed by higher operational standards based on the
capabilities foundation set in the first year.
Implementation of strategic initiatives that focus on
increasing productivity, collectability, and efficiency 5. 2023 - Being one of the most profitable financial
and collaboration between units. institutions in Indonesia
BNI focuses on improving operations to ensure that
BNI can achieve its final aspirations.
Annual Report 2020

Corporate
Governance
Transparency of Reporting
In accordance with the function of the Corporate Secretary in implementing information disclosure to the public, throughout
2020, the Company’s Corporate Secretary has conveyed information to the public through, among others, Mass Media,
Company Website, Public Expose, Electronic Reporting Facility for Issuer IDX, OJK Electronic Reporting System, and
submitting periodic and incidental reports, among others, to the OJK, IDX, LPS, Ministry of Finance and Ministry of BUMN
as follows:
No Date Regarding Reports Purpose
1 January 2, 2020 Material Information/Facts Disclosure OJK, IDX

2 January 10, 2020 Monthly Report on Registration of Securities Holders of PT Bank Negara Indonesia OJK, IDX
(Persero) Tbk for the Position December 2019
3 January 14, 2020 Announcement of the Annual GMS for the 2019 Financial Year of PT Bank Negara OJK, IDX
4 January 14, 2020 Publication of the Announcement of the Annual GMS for the 2019 Financial Year of PT OJK, IDX
Bank Negara Indonesia (Persero) Tbk
5 January 15, 2020 Report on Material Information or Facts on the Announcement of the Issuance of “US $ OJK
1,000,000,000 Certificate of Deposit Program” by the Company through the New York
Branch Office
6 January 23, 2020 Consolidated Financial Statements for Position of December 2019 (audited) of PT. Bank OJK, IDX
Negara Indonesia (Persero) Tbk
7 January 23, 2020 Report on Material Information or Facts on the Company Holds Performance Analyst OJK, IDX
Meeting December 2019 (unaudited)
8 January 29, 2020 Summons to the Annual General Meeting of Shareholders OJK, IDX
9 January 29, 2020 Submission of Advertisement Proof of GMS Invitation OJK, IDX
10 January 29, 2020 Submission of Annual Reports OJK, IDX
11 January 29, 2020 Submission of Sustainability Report OJK, IDX
12 February 6, 2020 Monthly Report on Registration of Securities Holders of PT Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position January 2020
13 February 19, 2020 Report on Material Information or Facts on Changes of Members of the Board of OJK, IDX
Directors and/or Members of the Board of Commissioners
14 February 24, 2020 Summary of Minutes of the Annual GMS for the 2019 Financial Year of PT Bank Negara OJK, IDX
15 February 24, 2020 Submission of Advertising Proof of Schedule of Final Cash Dividend Distribution OJK, IDX
16 February 24, 2020 Notification of the Implementation of Cash Dividend Payment for the 2019 Financial Year OJK, IDX
of PT Bank Negara Indonesia (Persero) Tbk
17 February 24, 2020 Publication of the Summary of Minutes of the Annual General Meeting of Shareholders OJK, IDX
for the 2019 Financial Year of PT Bank Negara Indonesia (Persero) Tbk
18 February 26, 2020 Disclosure of Information related to Corporate Action OJK, IDX
19 February 27, 2020 Reminder of the Schedule of Cash Dividend Distribution of PT Bank Negara Indonesia OJK, IDX
(Persero) Tbk
20 March 6, 2020 Submission of Explanations on the Implications of the Effectiveness of PSAK 71, 72, and IDX
73 of 2020 on the financial statements of PT Bank Negara Indonesia (Persero) Tbk
21 March 6, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position February 2020
22 March 12, 2020 Report on Changes in the Membership Composition of the Audit Committee of PT Bank OJK
Negara Indonesia (Persero) Tbk (BNI)
23 March 13, 2020 Information Disclosure in the Context of Shares Buyback in Significantly Fluctuating OJK, IDX
Market Conditions PT Bank Negara Indonesia (Persero) Tbk
24 March 30, 2020 Information reports or material facts OJK, IDX
Annual Report 2020

25 March 31, 2020 Information Report or Material Facts Information on Additional Capital Participation in OJK, IDX
Non-Cash (Inbreng) Subsidiary PT Bank BNI Syariah
26 April 9, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position March 2020
27 May 9, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position April 2020
28 May 11, 2020 Report on Material Information or Facts on the Establishment of the Euro Medium Term OJK, IDX
Notes Program and Registration on the Singapore Stock Exchange
29 May13, 2020 Report on Material Information or Facts on the Issuance of Scripless/Negotiable OJK, IDX
Certificate of Deposit (“NCD”) I BNI 2020
30 May 20, 2020 Submission of Unaudited Interim Financial Reports OJK, IDX
31 May 20, 2020 Submission of Advertising Proof of Interim Financial Report Information OJK, IDX
32 May 20, 2020 Material Information or Facts Report on Performance Analyst Meeting March 2020 OJK, IDX
(unaudited)
33 May 20, 2020 Material Information or Facts Report on the Impact of the Covid-19 Pandemic OJK, IDX
34 June 2, 2020 Report on Changes in the Membership of the Audit Committee of PT Bank Negara OJK, IDX
35 June 5, 2020 Report on Material Information or Facts on the Impact of the Covid-19 Pandemic at PT OJK, IDX
Bank Negara Indonesia (Persero) Tbk
36 June 9, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position May 2020
37 June 12, 2020 Request for clarification on news coverage in mass media IDX
38 June 15, 2020 Explanation of the Impact of the Covid-19 Pandemic for the June 2020 Period PT Bank OJK, IDX
Negara Indonesia (Persero) Tbk.
39 June 19, 2020 Report on Material Information or Facts on the Appointment of Members of the Board OJK, IDX
of Directors of the Company
40 July 01, 2020 Material Information or Facts Report Information on Additional Capital Participation in OJK, IDX
Non-Cash (lnbreng) Subsidiary PT Bank BNI Syariah
41 July 08, 2020 Penjelasan Dampak Pandemi Covid-19 Period July 2020 PT Bank Negara Indonesia OJK, IDX
(Persero) Tbk.
42 July 09, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position June 2020
43 July 13, 2020 Request for Explanation of Coverage in Mass Media with the Headline “Traces of the IDX
Case of Maria Pauline Lumowa, Breaker of IDR 1.7 Trillion BNI”
44 July 14, 2020 Submission of Monitoring Certificates for Re-rating of Sustainable Bonds I BNI Phase I OJK
Year 2017 and MTN Subordinated I BNI Year 2018
45 July 20, 2020 Report of Changes to the Audit Committee of PT Bank Negara Indonesia (Persero) Tbk OJK, IDX
46 July 27, 2020 Announcement of the 2020 Extraordinary GMS of PT Bank Negara Indonesia (Persero) OJK, IDX
Tbk.
47 July 27, 2020 Publication of the Announcement of the 2020 Extraordinary GMS of PT Bank Negara OJK, IDX
48 July 29, 2020 Information on Implementation of Limited Review of Consolidated Financial Statements OJK, IDX
dated June 30, 2020 PT Bank Negara Indonesia (Persero) Tbk
49 August 06, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position July 2020
50 August 07, 2020 Report of Changes in Share Ownership of Members of the Board of Commissioners of OJK, IDX
51 August 11, 2020 Summons to Extraordinary GMS 2020 of PT Bank Negara Indonesia (Persero) Tbk OJK, IDX
52 August 11, 2020 Submission of Advertisement Proof of Invitation for GMS OJK, IDX
53 August 14, 2020 Information on the 2020 Annual Public Expose Implementation Plan IDX
54 August 18, 2020 Explanation of the Impact of the Covid-19 Pandemic for the August 2020 Period PT Bank IDX, OJK
Negara Indonesia (Persero) Tbk.
55 August 24, 2020 Consolidated Financial Statements As of June 30, 2020 (Limited Review) PT. Bank OJK, IDX
Negara Indonesia (Persero) Tbk
56 August 24, 2020 Submission of Advertisement Evidence of Interim Financial Report Information OJK, IDX
Annual Report 2020

Corporate
Governance
57 August 25, 2020 Submission of 2020 Public Expose Material of PT Bank Negara Indonesia (Persero) Tbk IDX
58 September 03, Summary of Minutes of the Extraordinary GMS of PT Bank Negara Indonesia (Persero) OJK, IDX
2020 Tbk
59 September 04, Publication of the Summary of Minutes of the 2020 Extraordinary GMS of PT Bank OJK, IDX
2020 Negara Indonesia (Persero) Tbk
60 September 09, Report on Changes of Members of the Audit Committee of PT Bank Negara Indonesia OJK, IDX
2020 (Persero) Tbk
61 September 09, Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
2020 (Persero) Tbk Position August 2020
62 September 25, Request for Explanation of Coverage in Mass Media with the Headline “This is a List of IDX
2020 19 Banks in Indonesia Involved in the FinCEN Files Version of Odd Transactions”
63 October 10, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position September 2020
64 October 13, 2020 Report on Material Information or Facts on the Signing of the Conditional Merger OJK, IDX
Agreement
65 October 27, 2020 Submission of Unaudited Financial Statements OJK, IDX
66 November 02, 2020 Submission of Advertisement Proof of Interim Financial Report Information OJK, IDX
67 November 10, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position October 31, 2020
68 November 13, 2020 Report of Ownership and Change in Share Ownership of Members of the Board OJK, IDX
of Commissioners and Directors of PT Bank Negara Indonesia (Persero) Tbk (the
“Company”)
69 November 13, 2020 Report of Ownership and Change in Share Ownership of Members of the Board OJK, IDX
“Company”)
69 December 10, 2020 Monthly Report on Registration of Securities Holders of PT. Bank Negara Indonesia OJK, IDX
(Persero) Tbk Position 30 November 2020
70 December 10, 2020 Report of Ownership and Change in Share Ownership of Members of the Board OJK, IDX
“Company”)
71 December 18, 2020 Report of Dismissal of Corporate Secretary and Appointment of Temporary Corporate OJK, IDX
Secretary of PT Bank Negara Indonesia (Persero) Tbk
72 December 24, 2020 Report on the Appointment of the Corporate Secretary of PT Bank Negara Indonesia OJK, IDX
(Persero) Tbk
“Company”)
“Company”)
“Company”)
“Company”)
“Company”)
Annual Report 2020

Equal Treatment for All Shareholders
All Shareholders, including Minority Shareholders and Foreign Shareholders, must receive equal treatment and be given
the same opportunity to obtain information about the Company. The Company is active in conducting timely and accurate
disclosure of all material aspects of the Company, including the Company’s financial situation, performance, ownership
and governance. Shareholders’ rights are protected as referred to in the Capital Market regulations. The rights of the
stakeholders must be recognized in accordance with the applicable laws and regulations, and active cooperation between
the company and the stakeholders must be developed in a joint effort to create wealth, jobs and the sustainability of the
Company.
Policy on Conflict of Interest

(Including Insider Trading)
The Bank has and implements a policy on Conflict of Interest and Insider Trading.
The Policy on Conflict of Interest aims to establish rules, identify, reduce and manage potential conflicts of interest that may
arise in the Bank as a result of the implementation of activities by the Bank’s business units that obtain information about
the Bank, Bank customers and the BNI Group.
The Bank confirms the prohibition of using Insider Trading in personal transactions by employees and management (in this
case members of the Board of Directors and Board of Commissioners). With this policy, the use of inside information for
the personal benefit of employees and management (insiders) is expected to be mitigated.
Annual Report 2020

Corporate
Governance
Stocks and Bonds Buyback
In 2020, the Bank undertook corporate action, namely Considering the significant decline in share prices as
Buyback of Shares as a follow-up to SEOJK No.3/ mentioned above, we intend to carry out share buybacks
SEOJK.04/2020 dated March 9, 2020 regarding Other in the context of price stabilization while maintaining
Conditions as Market Conditions Fluctuating Significantly the share ownership composition of the Government
in the Implementation of Shares Buyback Issued by Issuer of Indonesia at 60% and the public at 40%. This is
or Public Company, which through the Circular above, stated in the disclosure of information submitted by the
OJK stipulates that the conditions of stock trading on the Company to the Indonesia Stock Exchange on March
Indonesia Stock Exchange from the beginning of 2020 13, 2020 regarding the plan to implement the buyback
until the enactment of the OJK Circular are experiencing of BNI shares in the period March 16, 2020 to 15 June
significant pressure, as indicated by a decrease in the 2020. The implementation of the buyback program had
Composite Stock Price Index (IHSG) of 18,46% YTD until previously been consulted to the Board of Commissioners
March 9, 2020. This condition was caused by the regional on March 12, 2020. and received OJK approval on March
and global economies that were experiencing pressure 13, 2020 through letter Number S-II/PB.3/2020 which was
and a slowdown, among others caused by the Covid-19 submitted to the Company.
outbreak and the decline in world oil prices. The OJK
Circular stipulates that the total buyback is at most 20% Until the end of the buyback period on June 15, 2020, the
of the paid-up capital and the least outstanding shares are Company has bought back shares through the Indonesia
7.5% of the paid-up capital. Stock Exchange mechanism of 19,579,700 shares with
an average acquisition price of Rp4,057.7 per share.
Along with the decline in the JCI, the Company’s shares The shares bought back are recorded in the books as
also experienced a significant decline, where the valuation treasury stock and are equivalent to a portion of 0.10%
of BNI shares on March 9 2020 was at the lowest Price of the outstanding shares. As of December 31, 2020, the
to Book Value (PBV) for 10 years, namely 0.86 times Company still has 19,579,700 shares and is recorded as
(undervalued) or below 2 Standard Deviation 10 years on treasury stock.
average. As an illustration, the Company’s share price at
the close of trading on January 2, 2020 was recorded at Rp
7,775 and on March 9, 2020 it was recorded at Rp 5,650, -
or has decreased by 27.3%. The decline in share price did
not reflect BNI’s performance.
Annual Report 2020

Management of the State Officials’ Assets
Report (LHKPN)
LHKPN POLICY LHKPN MANAGER
The Company has a policy regarding the implementation of LHKPN reporting manager consists of LHKPN
the State Officials Asset Report (LHKPN) based on: Management Coordinator and e-LHKPN Management
1. Law Number 28 of 1999 concerning State Admin with the following details:
Administrators who are Clean and Free from 1. The LHKPN Management Coordinator is the Group
Corruption, Collusion and Nepotism; Head Corporate Secretary and Group Head Human
2. Law Number 30 of 2002 concerning the Corruption Capital Services with the following scope of duties:
Eradication Commission; • Coordinate with the KPK in monitoring, filling in,
3. KPK Regulation Number 07 of 2016 concerning and submitting LHKPN and disseminating LHKPN
Procedures, Registration, Announcement, and obligations.
Examination of Assets Report of State Administrators. • Coordinate with the Ministry of State Owned
4. Instruction of the Minister of BUMN No. INS-01/ Enterprises and the KPK regarding the
MBU/2007 concerning State officials who are required management and administration of the LHKPN
to submit Assets Reports within BUMN Compulsory Application.
This policy regulates Bank employees to report their 2. Admin Management of e-LHKPN is an official of
assets, delivery procedures, LHKPN management and the Corporate Secretary Group and Human Capital
administrator work units, to the sanctions that can Services Group with the following scope of duties:
be imposed on employees who do not carry out their • Managing and updating data must report LHKPN.
reporting obligations. • Manage and monitor LHKPN reporting obligations.
MANDATORY LHKPN REPORT 2020 LHKPN REPORT
Based on the LHKPN Policy above, the LHKPN is obliged As of the end of the 2020, out of 98 persons that are
to report a structural officer within the Bank, namely: required to report, all of them or 100% have fulfilled their
1. Members of the Board of Commissioners LHKPN reporting obligations.
2. Members of the Board of Directors
3. Senior Executive Vice President
4. Executive Officers who are reported to OJK, namely:
• Division/Unit/Unit Leader or equivalent
• Head of Regional (HOR)
• Head of Overseas Branches
5. Active employees who are placed as Directors/Board
of Commissioners in Subsidiaries and Pension Funds
Annual Report 2020

Corporate
Governance
Transparency of Financial and

Non-Financial Conditions
The Bank always fulfils its obligations for transparency and publication of financial and non-financial conditions in accordance
with applicable regulations. Submission and publication of information are carried out either through printed media or
through the Bank’s website to relevant stakeholders including quarterly Published Financial Reports and reports to Bank
Indonesia or stakeholders.
The preparation and presentation of financial statements are in accordance with the procedure, type and scope as
stipulated in Bank Indonesia regulations concerning Transparency of Bank Financial Conditions. This is done in a timely,
complete, complete, current and fairly accurate manner in accordance with Bank Indonesia Regulations and Bank Indonesia
Circular on Product Information Transparency, as follows:
1. With regard to transparency of Bank product information:
a. The Bank has made transparent information on Bank products in accordance with Bank Indonesia Regulations
concerning transparency of Bank Product Information and Use of Customer Personal Data.
b. The implementation of transparency of Bank product information is carried out with written information through
the Service Manual/starter kit, brochures/leaflets, Account Opening Provisions that must be read and signed by the
customer when opening an account, or through other means such as the BNI website, as well as announcements
posted/distributed on BNI branch offices. In addition to written information, Bank Officers will explain product
information to customers when offering Bank products/services.
c. In addition, information on consumer banking products has been conveyed transparently through printed media,
electronic media and billboards, including the internet.
d. Through various means that are easily accessible to customers, the Bank has submitted information in the event
of any changes to the terms and conditions for the use of Bank products to customers. The bank also has a 24-
hour product information service via BNI Call 1500046.
2. In relation to the use of customer personal data by the Bank, it is stated in the Terms and Conditions on the Account
Opening form provided by the Bank to the customer at the time of account opening.
Annual Report 2020

Transparency of Customer Complaint
Procedures and Dispute Settlement to
Customers
EASY SERVICE ACCESS Service Excellent Monitor (BSEM) survey from Marketing
Research Indonesia (MRI)
Single Point of Contact via BNI Call
1500046 Through BNI Call 1500046 services, customers are
provided with the convenience of obtaining information,
In line with one of BNI’s missions to provide excellent conducting transactions and obtaining solutions to every
service and value-added digital solutions to all customers problem, in terms of banking services, credit cards,
and as the partner of choice, BNI Call 1500046 continues merchants and trade and remittance.
to strive to provide the best service for BNI customers.
BNI Call 1500046 services can be accessed by BNI
BNI Call 1500046 is committed to continuous customers 24 hours a day and 7 days a week, either using
improvement on service quality for BNI customers which the Interactive Voice Response (IVR) feature or directly to
is realized by standardizing the quality of processes and the BNI Call Officer.
services by obtaining ISO 9001: 2015 Certification in 2016
and renewing it every year. In 2020, BNI Call 1500046 was BNI customers are also given easy access to BNI Call
ranked 1 (one) in 2 (two) categories, namely Call Center 1500046 services and Digital Contact Center services via
and Phone Banking based on the results of the Bank mobile apps which can be downloaded on the Playstore
and Appstore:
TELEPHONE
Access from Domestic (all regions of Indonesia)
1500046
Telephone PSTN (Fixed Phone)
Local
Cellphone (Mobile Phone)
(without area code) In accordance with cellular service provider rates
(providers)
Access from Abroad
+62-21-30500046 FACSIMILE
Fixed Phone/Mobile Phone 021-25541203

According to service provider
rates from each country
EMAIL
1500046 BNI Call Virtual Assistant

Digital Cantact Center
bnicall@bni.co.id
Virtual Assistant
Annual Report 2020

Corporate
Governance
BNI SERVICES AND CUSTOMER COMPLAINTS PROCEDURES
BNI Contact Center as one of the forefront of BNI services for BNI customers, always strives to provide the best service,
including the resolution of every customer complaint for banking services, credit cards, merchants & t & r.
BNI customers are provided with easy access to complaint services with a variety of media choices, both oral and written.
BNI Customer Complaint Submission Media
Customer Contact Customer Visiting

Verbal BNI Call 1500046 Nearest BNI’ Branch
Customer Visiting Customer Sending Customer Visiting

www.bni.co.id on sub e-mail to bnicall@bni.co.id Nearest BNI’ Branch
menu Hubungi Kami or faks. (021)25541203
Customers submit complaints through
Written social media, such as Twitter: @bni,
Facebook: bni, Instagram: @bni46
The solution for the resolution of customer complaints submitted orally is carried out within a maximum of 2 (two) working
days for complaints related to payment system service activities and a maximum of 5 (five) working days outside of
complaints related to payment system service activities *) while the settlement of written complaints within a maximum of
20 (twenty) working days. If a supporting document is required for a customer complaint submitted orally, BNI will ask the
customer to submit a written complaint. In certain conditions, the fulfillment of document completeness and settlement
of complaints can be extended within the next 20 (twenty) working days according to POJK Number 18/POJK.07/2018 *)
regarding Consumer Complaint Services in the Financial Services Sector. The time extension for complaint resolution is
notified in writing to the customer.
Annual Report 2020

Transparency of Customer Complaint Procedures and
Dispute Settlement to Customers
Submission and Settlement Completion
Filing complaints
Registers the complaint
Customers BNI Officer
B014
Provide a receipt or Delivers complaint Delivers extension Delivers complaint

registration number settlement result * of time notice ** settlement result
• BNI strives to settle verbal complaints within a maximum of 5 working days and written complaints
within a maximum of 20 working days.
• If supporting documents are needed for customer complaints submitted verbally, then BNI will ask the
customer to submit a complaint in writing.
• If there is a lack of documents, the customer can submit the missing documents within a maximum of 20
working days.
• Under certain conditions, the document requirement and complaint settlement can be extended for a
further 20 working days
*) Effective as of March 2019
According to the OJK Circular (SE OJK) No. 2/SEOJK.07/2014 and updated through OJK Circular (SE OJK) No. 17/
SEOJK.07/2018, BNI will provide information on the resolution of customer complaints by means of telephone, e-mail,
letter or short message service (SMS).
If the customer feels that the settlement provided by BNI does not meet their expectations, then the customer can
continue the complaint resolution process through the Alternative Dispute Resolution Agency which is listed in the List of
Alternative Dispute Resolution Agencies set by the Financial Services Authority.
Annual Report 2020

Corporate
Governance
Bad Corporate Governance Practices
BNI is fully aware of the negative influence of Bad Corporate Governance practices that can interfere with the
implementation of Good Corporate Governance (GCG), throughout 2020 BNI is committed to not taking actions and policies
related to this practice, which are shown in the following table:
Note Practice
There is a report as a company that pollutes the environment Nil

Important cases currently being faced by the Bank, its subsidiaries, members of the Board of Directors and/or Nil
members of the Board of Commissioners who are currently serving are not disclosed in the Annual Report.
Non-compliance in fulfilling tax obligations Nil
The inconsistency of the presentation of the Annual Report and Financial Statements with the applicable regulations Nil
and Financial Accounting Standards
Cases related to labor and employees Nil
There is no disclosure of operating segments in listed companies Nil
There is a discrepancy between the hardcopy Annual Report and the softcopy Annual Report Nil
Annual Report 2020

Implementation of Integrated
Governance
As a form of transparency in the implementation Self Assessment of the implementation of Integrated

of Integrated Governance in the BNI Financial Governance principles in the BNI Financial Conglomerate,
Conglomerate, as well as a follow-up to the provisions must at least be realized and focused on 7 (seven)
stipulated in Financial Services Authority Regulation evaluation factors for the implementation of Integrated
No. 18/POJK.03/2014 dated 18 November 2014 on the Governance consisting of:
Implementation of Integrated Governance for the Financial
Conglomerate jo.Circular Letter of the Financial Services Assessment Factors
Authority No. 15/SEOJK.03/2015 dated May 25, 2015 No Assessment Factors
concerning the Implementation of Integrated Governance
for Financial Conglomerates, while the implementation of 1 Directors of Main Entity
Integrated Governance of BNI Financial Conglomerates in 2 Board of Commissioners of Main Entity

2020 consisted of: 3 Integrated Governance Committee
1. Self-Assessment Report on the Implementation of 4 Integrated Compliance Work Unit
Integrated Governance during 2020. 5 Integrated Internal Audit Work Unit
2. Structure of BNI Financial Conglomerate.
6 Implementation of Integrated Risk Management
3. Structure of share ownership in BNI Financial
7 Integrated Governance Guidelines
Conglomerates as of December 2020.
4. Management Structure of BNI Financial Conglomerate.
5. Basic Principles of Integrated Governance of BNI The self-assessments are categorized into 5 (five) ratings
Financial Conglomerate. with an explanation of each rating as follows:
6. Intra-Group Transaction Policy at BNI Financial
Conglomerate. Rating Definition
7. Report on the Implementation of BNI Good Corporate
Governance as the Main Entity at the BNI Financial 1 The Financial Conglomerate is considered to have
implemented Integrated Governance which is generally
Conglomerate. very good. This is reflected in the very adequate
fulfillment of the application of the principles of
Integrated Governance. If there are weaknesses in the
Following is the Implementation of BNI Good Corporate implementation of Integrated Governance, in general
Governance as the Main Entity in the BNI Financial these weaknesses are not significant and can be
corrected immediately by the Main Entity and/or LJK..
Conglomerate.
2 The Financial Conglomerate is considered to have
good. This is reflected in the adequate fulfillment of the
rePorT oN self assessmeNT application of the principles of Integrated Governance.
If there are weaknesses in the implementation of
of INTeGraTeD GoverNaNCe Integrated Governance, in general these weaknesses
ImPlemeNTaTIoN IN 2019 are less significant and can be resolved with normal
actions by the Main Entity and/or LJK.
Financial Services Authority Regulation No. 18/ 3 Financial Conglomerates are deemed to have
POJK.03/2014 dated 18 November 2014 concerning the quite good. This is reflected in the adequate fulfillment
Implementation of Integrated Governance for Financial of the application of the principles of Integrated
Governance. If there are weaknesses in the application
Conglomerates jo. Financial Services Authority Circular No. of Integrated Governance principles, in general these
15/SEOJK.03/2015 dated May 25, 2015 concerning the weaknesses are quite significant and require adequate
attention from the Main Entity and/or LJK.
Implementation of Integrated Governance For Financial
Conglomerates, among others, has required the Financial 4 The Financial Conglomerate is considered to have
Conglomerate to compile a Self-Assessment Report not good enough. This is reflected in the inadequate
periodically (June and December) to the Financial Services fulfillment of the application of the principles of
Integrated Governance. There are weaknesses in
Authority and submitted no later than the 15th of the the implementation of Integrated Governance, in
second month after the end of the relevant reporting general these weaknesses are significant and require
month (August 15 and February 15). comprehensive improvement by the Main Entity and/
or LJK.
Annual Report 2020

Corporate
Governance
Rating Definition 2. Board of Commissioners of main entity

• In the Integrated Governance structure, all
5 The Financial Conglomerate is considered to have
implemented Integrated Governance which is BNI Board of Commissioners have fulfilled the
generally not good. This is reflected in the inadequate qualifications set by current regulation.
fulfillment of the application of the principles of
Integrated Governance. There are weaknesses in the • In the Integrated Governance process, the
implementation of Integrated Governance, in general duties and responsibilities of the BNI Board
these weaknesses are very significant and difficult for
the Main Entity and/or LJK to fix.
of Commissioners related to the Governance
process Integrated Management, has provided
input to the Directors of BNI in order to improve
In the 2020 period, BNI has prepared its own assessment the Integrated Governance Guidelines.
regarding the implementation of Integrated Governance of • BNI’s Board of Commissioners has provided
the BNI Financial Conglomeration as follows: input and direction as well as evaluation of audit
findings from both internal and external to be
Results of Self-Assessment of the Implementation of followed up properly by the Directors of BNI.
Integrated Governance
Rating 3. Integrated Governance Committee
June December Rating Definitions • The Integrated Governance Committee has been
2020 2020 formed in accordance with applicable regulations.
• During the period of July - December 2020
2 2 The Financial Conglomerate is considered
to have implemented Integrated the Integrated Governance Committee held
Governance which is generally good. This 4 (four) meetings to provide input related to
is reflected in the adequate fulfillment
of the application of the principles of the implementation of Governance in the BNI
Integrated Governance. If there are Financial Conglomeration.
weaknesses in the implementation of
Integrated Governance, in general these
weaknesses are less significant and can 4. Integrated Compliance work unit
be resolved with normal actions by the
• The Compliance Division as an Integrated
Main Entity and/or LJK as members of
the BNI Financial Conglomeration. Compliance Unit is independent in accordance
Based on the results of the Self Assessment on 7 (seven) • In the context of perfecting the integrated
factors of Assessment of the Implementation of Integrated compliance function, the Compliance Division has
Governance for the period December 2020, we can coordinated with all units in each LJK.
conclude as follows: • Compliance Division has been monitoring,
evaluating and constantly updating the Company’s
1. Board of Directors of main entity Guidelines in accordance with applicable
• In the Integrated Governance structure, all BNI regulations to ensure the implementation of the
Directors have fulfilled the qualifications stipulated compliance function in each LJK runs well.
by applicable laws.
• In the Integrated Governance process, the duties 5. Integrated Internal audit work unit
and responsibilities of the BNI Directors related • The Internal Audit Unit as an independent Internal
to the Integrated Governance process have been Audit Work Unit in accordance with applicable
carried out and followed up in accordance with regulations.
the direction of the BNI Board of Commissioners. • Periodically the Internal Audit Unit has submitted
• BNI’s Board of Directors has followed up BNI the audit results and follow-up to the President
Board of Commissioners’ input on the evaluation Director and the Board of Commissioners of BNI
on the Integrated Governance Guidelines, and with a copy to the Compliance Director.
ensured that audit findings from both internal and • The Internal Audit Unit has evaluated the
external have been followed up properly. implementation of the integrated internal audit
function at each LJK.
Annual Report 2020

Implementation of Integrated Governance
6. Implementation of Integrated risk management

• The Bank’s Risk Management Division as an independent Integrated Risk Management Work Unit in accordance
• The Bank’s Risk Management Division has established and updated the Policies and determination of risk limits
that apply to all LJKs.
• The Implementation of Integrated Risk Management has accommodated 4 (four) pillars of the application of Risk
Management in accordance with the Financial Services Authority regulations.
7. Integrated Governance Guidelines

• Guidelines for Integrated Governance of the BNI Financial Conglomerate have been prepared and implemented in
accordance with Financial Services Authority Regulation No. 18/POJK/POJK.03/2014.
• The applicable Integrated Governance Guidelines are in accordance to the Board of Directors’ Agreement No.
DIR/005 dated January 7, 2020 and Board of Commissioners’ Approval Letter No. DK/003 dated January 16, 2020
and was reviewed by the Integrated Governance Committee on 18 November 2019.
• Guidelines for Integrated Governance of the BNI Financial Conglomerate have been communicated to all LJKs at
the BNI Financial Conglomerate.
BNI fINaNCIal CoNglomeraTIoN sTruCTure
Based on the Board of Directors’ Letter No. DIR/102 dated 13 March 2015 BNI Financial Conglomerate has reported the
structure of BNI Financial Conglomerate as follows:
Main Entity
Main Entity
Multifinance Sekuritas Life Remittance Syariah

Pembiayaan Sekuritas Asuransi Jiwa Kiriman Uang Perbankan Syariah
1983 99,98% 1995 75,00% 1996 60,00% 1997 100,00% 2010 99,94%
Asset
Management
Asset Management
2011 99,90%
BNI Financial Conglomeration has fulfilled administrative requirements and has been recorded in the supervision
administration of the Financial Services Authority in conform with Financial Services Authority Letter No. S-48/PB.313/2015
Annual Report 2020

Corporate
Governance
dated 15 April 2015, besides that the BNI Financial Structure of Share Ownership of Financial Service
Conglomeration also has the Integrated Governance Institutions which are in the BNI Financial Conglomeration,
Committee (TKT) as follows: namely:
Position Name 1. PT BNI Syariah

Chairman Mr. Revrisond Baswir (BNI)
Member Mr. Joni Swastanto (BNI)
Mr. Rizqullah (BNI Syariah)
Mr. Hasanudin (DPS BNI Syariah) Syariah
Mr. Debt Ranuwijaya (BNI Life)
Mr. Parikesit Suprapto (BNI Life)
Mr. Eddy Siswanto (BNI Asset Management)
Mr. Suhendry Hafni (BNI Sekuritas)
Mrs. Rosa Lima Dwi Mutiari (BNI Multifinance) PT Bank Negara
Indonesia (Persero)Tbk PT BNI Life Insurance
Ms. Setyowati (Independent Party of the TKT
Committee) 99,95% 0,05%
As a guideline BNI also has Integrated Governance

Guidelines, which are compiled and reviewed in 2. PT BNI Life Insurance
accordance with applicable laws and regulations, while the
guidelines can be accessed through www.bni.co.id
The Integrated Governance Guidelines have been updated

and reviewed through the Decree of the Board of Directors Life
No. DIR/005 dated January 7, 2020 and Decree of the
Board of Commissioners No. DK/003 dated January 16,
2020
PT Bank
share owNershIP sTruCTure IN BNI Negara
Yayasan Yayasan
Sumitomo
Danar Dhana Kesejahteraan
fINaNCIal CoNGlomeraTIoN Indonesia
Swadharma Pegawai BNI
Life Insurance
(Persero)Tbk
00,00% 00,00% 40,00%
PT Bank Negara Indonesia (Persero) Tbk as the Main Entity 60,00%
of the BNI Financial Conglomerate
3. PT BNI Sekuritas
Sekuritas
PT Bank Negara SBI Financial

Indonesia (Persero)Tbk Services Co.Ltd
Negara Indonesia Publik 75,00% 25,00%

60% 40%
Annual Report 2020

Board of Directors structure

4. PT BNI Multifinance
Name Position
Achmad Baiquni President Director

Herry Sidharta Vice President Director
Multifinance Putrama Wahju Setyawan Director of Corporate Business

Rico Rizal Budidarmo Director of Treasury and International
Banking
Anggoro Eko Cahyo Director of Finance
Adi Sulistyowati Director of Institutional Relations
Bob Tyasika Ananta Risk Management Director
PT Bank Negara Kop. Kar. BNI
Indonesia (Persero)Tbk Multifinance Catur Budi Harto Director of Small Business and
Networks
99,99% 00,01% Endang Hidayatullah Compliance Director
Dadang Setiabudi Director of Information Technology
and Operations
5. PT BNI Aset Management Tambok P. Setyawati Director of Retail Banking

PT BNI Syariah
Board of Commissioner Structure

Asset
Management Name Position
Fero Poerbonegoro President Commissioner

Komaruddin Hidayat Independent Commissioner
Max R. Niode Independent Commissioner
Imam Budi Sarjito Commissioner
PT Bank Negara
Indonesia (Persero)Tbk Kop. Kar.BNI Sekuritas
99,90% 00,10%
Struktur Direksi
Name Position
Abdullah Firman Wibowo President Director
BNI fINaNCIal CoNGlomeraTIoN Iwan Abdi Director of Retail & Network

Business
sTruCTure of management
Wahyu Avianto Finance & Operations Director
PT Bank Negara Indonesia (Persero) Tbk Tribuana Tunggadewi Compliance & Risk Director
Babas Bastaman *) SME & Commercial Business
Board of Commissioner Structure Director
*) Effective after obtaining OJK approval

Name Position
Ari Kuncoro President Commissioner/Independen Sharia Supervisory Board Structure

Wahyu Kuncoro Vice President Commissioner Name Position
Pataniari Siahaan Independent Commissioner
Revrisond Baswir Independent Commissioner Dr Hasanudin, M.Ag. Chairman
Bistok Simbolon Commissioner
Ah. Azharuddin Lathif, Member
Joni Swastanto Commissioner
M.Ag.
Ahmad Fikri Asegaf Independent Commissioner
Marwanto Harjowiryono Commissioner
Sigit Widyawan Independent Commissioner
Annual Report 2020

Corporate
Governance
PT BNI Life Insurance PT BNI Multifinance
Board of Commissioner Structure Board of Commissioner Structure

Name Position Name Position
Parikesit Suprapto President Commissioner/ Rosa Lima Dwi Mutiari President Commissioner/
Independent Commissioner Independent Commissioner
Darwis Suzandi Commissioner
Kazuhiko Arai Commissioner Board of Directors structure
Husain Abdullah Independent Commissioner Name Position
Henry Cratein Suryanaga Independent Commissioner
Hasan Gazali Pulungan President Director
Antonius Anung Fajar Director of Finance & Operasional
Linda Saragih Business Director
Name Position
Shadiq Akasya President Director

Eben Eser Nainggolan Director of Finance PT BNI Aset Manajemen
Naoto Oda Risk Management Director
Struktur Dewan Commissioner
Hiroshi Ono Non Captive Market Director
Name Position
Neny Asriany Captive Market Director
Sutanto President Commissioner &
Independen
Sharia Supervisory Board Structure
Eddy Siswanto Independent Commissioner
Name Position
Teddy Erdius E.Saputra Commissioner
Ir. Agus Haryadi, AAAIJ, FIIS, Chairman
ASAI
Prof. Dr. H. Utang Member
Ranuwijaya, MA Name Position
Hj. Siti Haniatunnisa, LLB, Member

MH Putut Endro Andanawarih President Director
Donny Susantio Adjie Business Director
Irza Dwiputra Susilo *) Investment & Operations Director
PT BNI Sekuritas *) effective after obtaining OJK approval
Board of Commissioner Structure

Name Position BasIC PrINCIPles of INTeGraTeD
GoverNaNCe IN BNI fINaNCIal
Boyke Wibowo Mukiyat President Commissioner &
Independent
CoNGlomeraTIoN
Yoshihiro Ishiwata Commissioner
To support the business and operations of the BNI
Financial Conglomerate, BNI uses the GCG Roadmap
Board of Directors structure issued by the Financial Services Authority and the ASEAN
Name Position Corporate Governance Scorecard as the basic principles of
implementing Integrated Governance.
Antonius Chandra Satya President Director
Reza Benito Zahar Business Director In accordance with this, the basic principles of Integrated
Putu Bagus Kresna Director of Operations Governance of BNI Financial Conglomerate are as follows:
1. Implementation of Integrated Corporate Governance
of BNI Financial Conglomeration aims to create
superior performance and add economic value to
shareholders and other stakeholders, and ensure that
the operation of the BNI Financial Conglomerate in
accordance with applicable laws, business ethics, and
principles of good corporate governance.
Annual Report 2020

2. Referring to the applicable laws and regulations, Principles of Intra-Group Transaction risk
subsidiaries are separate legal entities from BNI, so management
that they have their own duties and responsibilities in Things that need to be done by BNI as the main entity in
managing the company. implementing Intra-group transaction Risk Management in
3. Subsidiaries are independent legal entities in the BNI Financial Conglomerate include:
accordance with applicable laws and regulations, in a. Having sufficient intra-group transaction risk
which BNI is the Controlling Shareholder in BNI’s management process for the Financial Conglomerate
financial conglomerate. as a whole.
4. The Principles of Good Corporate Governance in this b. Monitor intra-group transactions in the Financial
guideline apply to Subsidiary Companies as long as Conglomerate and prepare periodic reports.
they are not regulated differently, according to the c. Encourage public disclosure related to intra-group
applicable laws and regulations. Articles of Association transactions.
of Subsidiaries that are not in accordance with this d. Consider the impact of intra-group transactions on
Code, must be adjusted. the performance of LJK members of the Financial
Conglomerate directly or on the BNI Financial
Conglomerate as a whole.
INTra-GruP TraNsaCTIoN PolICy
IN BNI fINaNCIal CoNGlomeraTIoN Types of Transactions that might Pose to
- uNDersTaNDING The INTra-GruP Intra-Group Transaction risks
TraNsaCTIoN rIsK The types of transactions that may pose risks to intra-
group transactions at the BNI Financial Conglomerate
The relationship between ownership and/or control in include the following, but not limited to:
various financial services sectors will affect the business a. Cross ownership between LJK in the Financial
continuity of Financial Services Institutions (LJK) caused by Conglomerate;
risk exposures arising either directly or indirectly from the b. Centralized short-term liquidity management in the
business activities of entities incorporated in a Financial Financial Conglomerate;
Conglomerate. Therefore, the Financial Services Authority c. Guarantees, loans, and commitments given or
(OJK) has issued a number of regulations regarding obtained by a LJK from other LJK in the Financial
the implementation of integrated Risk Management in Conglomerate;
conglomerates in the financial services industry, one of d. Exposures to controlling shareholders, including loan
which is the obligation of the Financial Conglomerate to exposures and off-balance sheets such as guarantees
manage intra-group transaction risk. and commitments;
e. Purchase or sale of assets from one LJK to another
Intra-group transaction risk is the risk arising from the LJK in the Financial Conglomerate;
dependency of an entity, directly or indirectly, on other f. Risk transfer through reinsurance; and
entities within a Financial Conglomerate in the context g. Transactions to divert third party risk exposure
of fulfilling the obligations of a written or unwritten between LJK in financial conglomerates.
agreement that is followed by a fund transfer and/or is not
followed by a fund transfer. Adequacy of the risk Identification, measurement,
monitoring and Control Process and the Intra-Group
The purpose of Intra-Group Transaction Transaction risk management Information system
risk management The application of Intra-
group transaction In the implementation of intra-group transaction risk
Risk Management in the BNI Financial Conglomeration management, BNI as the Main Entity carries out the
aims to: process of identifying, measuring, monitoring and
a. Manage and oversee the risk of intra-group financial controlling risks to all material risk factors in an integrated
conglomerate transactions based on the principle of manner, and is supported by an intra-group transaction risk
prudence. management information system that adequate.
b. Ensuring that the integrated risk management process
can minimize the possibility of negative impacts
caused by the dependency of an LJK either directly or
indirectly on other LJK in one Financial Conglomerate,
as well as the negative impact on the overall business
condition of the BNI Financial Conglomerate.
Annual Report 2020

Corporate
Governance
a. Identification of Intra-group Transaction risks 3) Availability and completeness of intra-group

Identification of intra-group transaction risk is carried transaction documentation; and
out by analyzing types of products and/or transactions 4) Compliance with legal/regulatory provisions that
between LJK in the BNI Financial Conglomerate that apply to each intra-group transaction.
may pose an intra-group transaction risk in the BNI
Financial Conglomerate. e. Intra-group Transaction risk management
Information system
b. Measurement of Intra-Group Transaction Risk The intra-group transaction risk management
Measurement of intra-group transaction risk aims to information system includes:
rank the risk level of intra-group transaction of the 1) Intra-group transaction risk profile report which is
Financial Conglomerate. The things that need to be part of the integrated risk profile report;
done by BNI as the main entity in measuring intra- 2) Intra-group transaction report, which contains:
group transaction risk is to compile an intra-group a) Recapitulation of transactions with related
transaction risk measurement methodology and parties
to evaluate the suitability of the assumptions, data b) Important agreements with related parties
sources, and procedures used to measure intra-group
transaction risk. BNI as the Main Entity prepares and submits the
intra-group transaction risk profile report as part of
c. Intra-group Transaction risk monitoring the integrated risk profile report and the intra-group
Monitoring of intra-group transaction risk is carried out transaction report to the Financial Services Authority
by evaluating the exposure of Intra-group Transaction on a semi-annual basis for reporting positions in June
Risk that is material or that has an impact on the and December.
capital condition of the Financial Conglomerate; and to
improve the process and scope of reporting, among
others, if there are changes in business activities, rePorT oN The ImPlemeNTaTIoN of
products, transactions, and risk factors that are BNI GooD CorPoraTe GoverNaNCe
material. as a maIN eNTITy IN BNI fINaNCIal
CoNGlomeraTIoN.
The material financial relationships in an intra- group
relationship between LJK in the BNI Financial Based on Financial Services Authority Regulation No.
Conglomerate is measured based on the value of 55/POJK.03/2016 concerning the Implementation of
BNI’s financial transactions with LJK members of the Governance for Commercial Banks jo. Financial Services
BNI Financial Conglomerate, and between fellow LJKs Authority Regulation No. 4/POJK.03/2016 concerning
in the BNI Financial Conglomerate. Rating of Soundness of Commercial Banks, among
others, has been required for each Bank to conduct a
d. Intra-group Transaction risk Control self-assessment of the implementation of Good Corporate
In order to carry out risk control, BNI as the Main Governance (GCG) principles at least every semester for
Entity ensures that the BNI Financial Conglomerate the position at the end of June and December.
has a method of controlling intra-group transaction
risks that could endanger the business continuity of
the Financial Conglomerate.
The control of intra-group transaction risk at the BNI

Financial Conglomeration is carried out by taking into
account:
1) The composition of inherent risk parameters for
intra- group transactions in the assessment of
integrated risk profiles;
2) Compliance with the principle of arm’s length
(fairness of transactions) related to intra-group
transactions;
Annual Report 2020

Implementation of Corporate Governance
Aspects and Principles in Accordance
with Financial Services Authority
Regulations
Based on POJK No. 21/POJK.04/2015 concerning Implementation of Governance Guidelines for Public Companies and
SEOJK No. 32/SEOJK.04/2015 concerning Guidelines for Governance of Public Companies, there are 5 (five) aspects, 8
(eight) principles and 25 (twenty five) recommendations for the implementation of aspects and principles of good corporate
governance. The recommendations for the implementation of aspects and principles of good corporate governance in
the Governance Guidelines are the standards for implementing the aspects and principles of good corporate governance
that the Bank must apply to implement the principles of governance. BNI implements these aspects, principles and
recommendations based on the “comply or explain” approach in 2020 as follows:
Statement of Recommendations from the Explanation of Implementation at

No. Principle Recommendation
Financial Services Authority BN
I Aspect 1: Public Company Relationship with Shareholders in Ensuring Shareholders’ Rights;

Principle 1 The Public Company Each share with voting rights issued has one vote Voting Procedures in making
Increasing the has technical (one share one vote). Shareholders can exercise decisions on an agenda at the BNI
Value of the GMS voting methods or their voting rights when making decisions, GMS are carried out by closed voting
procedures, both especially in making decisions by voting. However, by using a ballot card or electronic
openly and privately, the mechanism for making decisions by means voting. The procedure for calculating
that prioritize of voting, either openly or in private, has not been the quorum, question and answer and
independence and regulated in detail. It is recommended that Public the mechanism for making meeting
the interests of Companies have a voting procedure in making decisions has been outlined in the
shareholders. decisions on an agenda of the GMS. The voting GMS Rules of Procedure which refer
procedure must maintain the independence or to the Financial Services Authority
freedom of Shareholders. For example, open voting Regulation No. 32/POJK.04/2014
is carried out by raising one’s hand in accordance as lastly amended by the Financial
with the optional instructions offered by the Services Authority Regulation No. 10/
chairman of the GMS. Closed voting is carried POJK.04/2017.
out on decisions requiring confidentiality or at the
request of Shareholders, by using a ballot card or by Description: Comply
using electronic voting.
All members of the The presence of all members of the Board The 2020 BNI Annual GMS was
Board of Directors of Directors and members of the Board of attended by 11 (eleven) members
and Board of Commissioners of a Public Company is intended of the Board of Directors and 7
Commissioners of so that each member of the Board of Directors and (seven) members of the Board of
a Public Company members of the Board of Commissioners can pay Commissioners
attend the Annual attention, explain and directly answer problems that
GMS. occur or questions raised by shareholders regarding Description: Comply
the agenda of the GMS
A summary of the The Public Company must make a summary The summary of the minutes of the
minutes of the GMS is of the GMS minutes in Indonesian and foreign Annual GMS has been announced
available on the Public languages (at least in English), and announce it 2 within a maximum of 2 (two) working
Company Website for (two) working days after the GMS is held to the days after the GMS is held both
at least 1 (one) year. public, one of which is through the Public Company on the Company’s website and in
Website. The availability of summary minutes of print media as well as through the
the GMS on the Public Company Website provides electronic reporting system IDXnet
an opportunity for absent Shareholders to obtain and the Financial Services Authority
important information in organizing the GMS easily e-reporting.
and quickly. Therefore, the provisions regarding the
minimum period of availability of the summary of Description: Comply
the GMS minutes on the Website are intended to
provide sufficient time for Shareholders to obtain
such information.
Annual Report 2020

Corporate
Governance

Principle 2 The Public Company The communication between a public company The communication policy with
Improving has a communication and shareholders or investors is intended so shareholders or investors is contained
the Quality of policy with that shareholders or investors have a clearer in the Investor Relations company
Public Company shareholders or understanding of the information that has guidelines No. IN/41/KMP/001 dated
Communication investors. been published to the public, such as periodic 26 January 2015 which includes
with Shareholders reports, information disclosure, business policies on investor relations activities
or Investors. conditions or prospects and performance, and the such as analyst meetings, preparation
implementation of public company governance. In of annual reports,investor meeting,
addition, Shareholders or investors can also submit public expose, and roadshow. The
input and opinions to the management of the policy includes strategies, programs,
Public Company. The communication policy with and timing of communication, as
shareholders or investors shows the commitment well as guidelines that support
of the Public Company in communicating with shareholders or investors to
shareholders or investors. The policy may participate in communications. The
include strategies, programs, and timing of existence of a communication policy
communications, as well as guidelines that support with shareholders or investors shows
shareholders or investors to participate in these that BNI as a public company is
communications. committed to communicating with
shareholders or investors.
Description: Comply
The Public Company The disclosure of the communication policy is The disclosure of the communication
discloses the a form of transparency on the commitment of policy as well as the communication
communication policy the Public Company in providing equality to all agenda with the Shareholders or
of the Public Company shareholders or investors in the implementation investors has been uploaded to the
with shareholders of communication. The disclosure of information Website in the Investor Relations
or investors on the also aims to increase the participation and role section.
Website. of Shareholders or investors in implementing the
communication program for Public Companies. Description: Comply
II Aspect 2: Functions and Roles of the Board of Commissioners;
Principle 3 Determination of the The number of members of the Board of The number of members of the
Strengthening number of members Commissioners can affect the effectiveness of Board of Commissioners at BNI as of
the Membership of the Board of the implementation of the duties of the Board of December 31, 2020 is 10 (ten) people
and Composition Commissioners Commissioners. Determination of the number with due observance of the diversity
of the Board of by considering the of members of the Board of Commissioners of a of composition, this number is
Commissioners conditions of the Public Company must refer to the provisions of deemed sufficient and in accordance
Public Company. the prevailing laws and regulations, consisting of with BNI conditions and adjusted
at least 2 (two) persons based on the provisions to the provisions of the Financial
of the Financial Services Authority regulations Services Authority Regulation No. 33/
concerning the Board of Directors and Board of POJK.04/2014.
Commissioners of Issuers or Public Companies.
In addition, it is also necessary to consider the Description: Comply
conditions of the Public Company, which include
among others the characteristics, capacity and size
as well as the achievement of objectives and the
fulfillment of different business needs among the
Public Companies. However, the large number of
members of the Board of Commissioners has the
potential to interfere with the effectiveness of the
implementation of the functions of the Board of
Commissioners.
Determining the The composition of the Board of Commissioners The current composition of the Board
composition of the is a combination of characteristics, both in terms of Commissioners fulfills the element
members of the Board of the organs of the Board of Commissioners of diversity, namely a combination of
of Commissioners and members of the Board of Commissioners independence, expertise/education,
takes into account the individually, according to the needs of the Public work experience, age and gender by
diversity of expertise, Company. These characteristics can be reflected taking into account the needs and
knowledge and in the determination of the expertise, knowledge complexities of BNI. This has been
experience required. and experience required in the implementation described in the Sub-Chapter on
of supervisory duties and providing advice by the the Diversity of the Composition of
Board of Commissioners of a Public Company. the Board of Commissioners in this
Composition that has taken into account the Governance Report.
needs of the Public Company is a positive thing,
especially in relation to decision making in the Description: Comply
context of implementing the supervisory function
which is carried out by considering a wider variety
of aspects.
Annual Report 2020

Implementation of Corporate Governance Aspects and Principles in
Accordance with Financial Services Authority Regulations

Principle 4 The Board of The Board of Commissioners’ self-assessment Self-assessment policy to assess
Improving Commissioners has policy is a guideline used as a form of accountability the performance of the Board
the Quality of a self-assessment for collegially assessing the performance of the of Commissioners based on the
Implementation policy to assess Board of Commissioners. Self-assessment or realization of the work program
of Duties and the performance self-assessment is carried out by each member of the Board of Commissioners
Responsibilities of the Board of to assess the performance of the Board of in accordance with the Work Plan
of the Board of Commissioners. Commissioners collegially, and not to assess and Budget (RKA) of the Board of
Commissioners. the individual performance of each member Commissioners and through the
of the Board of Commissioners. With this Self GCG Self Assessment in which
Assessment, it is expected that each member there are indicators of the duties
of the Board of Commissioners can contribute and responsibilities of the Board of
to improving the performance of the Board of Commissioners. The self-assessment
Commissioners on an ongoing basis. This policy policy (Self Assessment) to assess
may include assessment activities carried out the performance of the Board
along with their aims and objectives, periodic of Commissioners based on the
implementation time, and benchmarks or realization of the work program
assessment criteria used in accordance with the of the Board of Commissioners
recommendations given by the nomination and in accordance with the Work Plan
remuneration function of the Public Company, and Budget (RKA) of the Board of
where these functions are required in the Commissioners is described through
Regulation. The Financial Services Authority advisory indicators on performance,
concerning the Nomination and Remuneration strengthening of executive functions,
Committee of Issuers or Public Companies. and monitoring of compliance.
Meanwhile, the assessment
contained in the GCG Self
Assessment is divided into 3 (three)
benchmarks, namely the Governance
Process and Governance Outcome.
Governance structure consists of
14 (fourteen) indicators, governance
process consists of 17 (seventeen)
indicators, while governance outcome
consists of 6 (six) indicators.
Description: Comply
The self-assessment The disclosure of the Self-Assessment policy on Disclosure of Self Assessment Policy
policy to assess the performance of the Board of Commissioners is on the performance of the Board of
the performance carried out not only to fulfill the transparency aspect Commissioners The self-assessment
of the Board of as a form of accountability for the implementation policy contained in the RKA is
Commissioners is of its duties, but also to give confidence, especially conveyed through the Annual Report
disclosed in the to shareholders or investors, on the efforts that of the Public Company, while the
Annual Report of the need to be made to improve the performance of results of the GCG Self Assessment
Public Company. the Board of Commissioners. With this disclosure, on the duties and responsibilities
the Shareholders or investors will know the check of the Board of Commissioners are
and balance mechanism on the performance of the submitted to regulators.
Description: Comply
The Board of The policy of resigning members of the Board The resignation policy of the Board
Commissioners has of Commissioners who are involved in financial of Commissioners is contained in
a policy regarding crimes is a policy that can increase the trust of the Articles of Association, namely
the resignation of a stakeholders in the Public Company, so that the Article 14 paragraph 16 c which states
member of the Board integrity of the company will be maintained. This that the dismissal of a member of
of Commissioners policy is needed to assist the smooth running of the the Board of Commissioners, among
if the said person is legal process and so that the legal process does others, is involved in an action that
involved in a financial not interfere with business activities. In addition, is detrimental to the Company and/
crime. in terms of morality, this policy builds an ethical or the State, Article 14 paragraph
culture within the Public Company. This policy can 18 which states that the decision
be included in the Guidelines or Code of Ethics that to dismiss for that reason is taken
apply to the Board of Commissioners. Furthermore, after the person concerned is given
what is meant by being involved in a financial crime the opportunity to defend himself
is the status of being convicted of a member of the in the GMS, as well as Article 14
Board of Commissioners from an authorized party. paragraph 26 f which states that the
Financial crimes referred to include manipulation position of a member of the Board
and various forms of embezzlement in financial of Commissioners automatically
service activities as well as the Criminal Act of ends if he no longer meets the
Money Laundering as referred to in Law Number 8 requirements as a member of the
of 2010 concerning Prevention and Eradication of Board of Commissioners based on
Money Laundering. this Articles of Association and laws
and regulations.
Description: Comply
Annual Report 2020

Corporate
Governance

The Board of Based on the provisions of the Financial Services One of the organs of the Board
Commissioners or the Authority Regulation concerning the Nomination of Commissioners is the National
Committee that carries and Remuneration Committee of Issuers or Public Committee and Remuneration
out the Nomination Companies, the committee that carries out the (currently all members of the Board
and Remuneration nomination function has the duty to formulate the of Commissioners) which carry out
function prepares a policies and criteria required in the nomination the nomination function, including
succession policy process for candidate members of the Board of assisting the Board of Commissioners
in the Nomination Directors. One of the policies that can support the in assessing the performance of
process for members Nomination process as referred to is the succession members of the Board of Directors
of the Board of policy for members of the Board of Directors. The and/or members of the Board of
Directors. succession policy aims to maintain the continuity of Commissioners based on benchmarks
the regeneration process or leadership regeneration that have been prepared as evaluation
at BNI in order to maintain business sustainability materials, with based on the
and BNI’s long-term goals. BUMN Regulation Number Per-02/
MBU/02/2015.
Description: Comply
III. Aspect 3: Functions and Roles of the Board of Directors
Principle 5 Determining the As a corporate organ authorized in the management The number and capacity of the
Strengthening the number of members of BNI, determining the number of Directors greatly members of the Board of Directors
Membership and of the Board of affects the performance of the Public Company. are based on the provisions of
Composition of the Directors considers Thus, the determination of the number of members the Financial Services Authority
Board of Directors. the condition of of the Board of Directors must be carried out Regulation No. 33/POJK.04/2014. The
the BNI Open and through careful consideration and must refer to the number of members of the Board of
its effectiveness in provisions of the prevailing laws and regulations, Directors as of December 31, 2020 is
decision making. where based on the Financial Services Authority 12 (twelve) people. In the framework
Regulation concerning the Board of Directors and of the effectiveness of decision
the Board of Commissioners of an Issuer or Public making, decisions are made in the
Company consisting of at least 2 (two). In addition, Board of Directors by deliberation and
determining the number of Directors must be based consensus.
on the need to achieve the goals and objectives of
the Public Company and adjusted to the conditions Description: Comply
of the Public Company, including the characteristics,
capacity and size of the Public Company as well as
how to achieve the effectiveness of the Board of
Directors decision making.
Determining the Like the Board of Commissioners, the diversity The current composition of the
composition of the of composition of the members of the Board BNI Board of Directors has fulfilled
members of the of Directors is a combination of desired the diversity element, namely a
Board of Directors characteristics, both in terms of the organs of the combination of independence,
takes into account the Board of Directors and individual members of the expertise/education, work experience,
diversity of expertise, Board of Directors, according to the needs of the age and gender by taking into account
knowledge and Public Company. This combination is determined the needs and complexities of BNI.
experience required. by taking into account the expertise, knowledge This has been described in the Sub-
and experience appropriate to the division of duties Chapter on the Diversity of Directors
and functions of the Board of Directors in achieving in this Governance Report.
the objectives of the Public Company. Thus,
consideration of the combination of characteristics Description: Comply
referred to will have an impact on the accuracy of
the nomination process and the appointment of
individual members of the Board of Directors or the
Board of Directors collegially.
Annual Report 2020


Members of the The Financial Report is a management BNI’s Financial Statements consist
Board of Directors accountability report on the management of of a consolidated statement
who are in charge of resources owned by a Public Company, which of financial position as well as
accounting or finance must be prepared and presented in accordance statements of profit and loss and
have expertise and/ with generally accepted Financial Accounting other comprehensive income, a
or knowledge in Standards in Indonesia as well as related Financial consolidated statement of changes in
accounting. Services Authority regulations, including laws equity and cash flow and a summary
and regulations in the Capital Market sector. of significant accounting policies
governing the presentation and disclosure of Public and other explanatory information.
Company Financial Statements. Based on the Management is responsible for the
laws and regulations in the Capital Markets sector preparation and fair presentation of
which govern the responsibilities of the Board of the Consolidated Financial Statements
Directors for Financial Statements, the Directors in accordance with Indonesian GAAP
are jointly and severally responsible for the Financial stated in the Directors’ Statement
Statements, which are signed by the President Letter concerning Responsibility
Director and members of the Board of Directors for the Consolidated Financial
in charge of accounting or finance. Thus, the Statements and Subsidiaries.
disclosure and preparation of financial information Whereas in the presentation of the
presented in the financial statements will greatly BNI Financial Statements, there is
depend on the expertise and/or knowledge of the a Board of Directors’ Statement on
Board of Directors, in particular the members of Responsibility for the Consolidated
the Board of Directors in charge of accounting Financial Statements and Subsidiaries
or finance. Having the qualifications of expertise which states that the Board of
and/or knowledge in accounting that at least the Directors is responsible for the
members of the Board of Directors possess can preparation and presentation of the
provide confidence in the preparation of Financial Consolidated Financial Statements
Statements, so that these Financial Statements of BNI and Subsidiaries, has been
can be relied on by stakeholders as a basis for prepared in accordance with SAK
making economic decisions regarding the said and all information in the Financial
Public Company. Such expertise and/or knowledge Statements has been published
can be proven by educational background, training completely and correctly, without
certification and/or related work experience. omitting material information or facts.
In addition, the appointed Public
Accountant Firm (KAP) is a firm
that is competent and professional
in its field. All this shows the full
commitment of the Board of Directors
so that the Financial Statements can
be relied on by stakeholders. The
BNI Director of Finance currently has
expertise, knowledge and capabilities
in the accounting/finance sector, this
can be proven through formal and
informal education that has been
attended both at home and abroad.
Previous experience as Director
of Risk and Compliance at other
banks also supports the expertise
concerned, this is certainly an added
value for both the person concerned
and BNI.
Description: Comply
Principle 6 The Board of Directors As is the case with the Board of Commissioners, The performance appraisal policy
Improving has a self-assessment the Board of Directors ‘self-assessment policy for the Board of Directors is
the Quality of policy to assess the is a guideline used as a form of accountability contained in the Guiding Principle
Implementation performance of the for collegial evaluation of the Board of Directors’ Key Performance Indicator (KPI)
of Duties and Board of Directors. performance. Self-assessment or self-assessment BOD. The measurement of the
Responsibilities is conducted by each member of the Board of performance of the Board of
of the Board of Directors to assess the performance of the Board Directors consists of several KPIs
Directors. of Directors collegially, and not to assess the which are measured collegially for
individual performance of each member of the all Directors and are quantitative
Board of Directors. With this Self Assessment, it is and qualitative in nature. The policy
hoped that each member of the Board of Directors includes assessments carried out
can contribute to improving the performance of on several factors, namely market
the Board of Directors on an ongoing basis. The capitalization, profits, market share
policy may include the assessment activities and leadership. The Remuneration
carried out and their aims and objectives, periodic and Nomination Committee has
implementation time, and the benchmarks or evaluated and compiled and provided
assessment criteria used in accordance with the recommendations to the Board
recommendations given by the nomination and of Commissioners regarding the
remuneration function of the Public Company, nomination and remuneration system/
where the formation of such functions has been policy for Commissioners, Directors,
mandatory in the Regulations of the Authority. executive officers and employees as
Financial Services concerning the Nomination and a whole.
Remuneration Committee of Issuers or Public
Companies. Description: Comply
Annual Report 2020

Corporate
Governance

The self-assessment isclosure of self-assessment policies on the Each year the Board of Directors
policy to assess the performance of the Board of Directors is carried out Performance Assessment has been
performance of the not only to fulfill the transparency aspect as a form disclosed in the Annual Report which
Board of Directors is of accountability for the implementation of their can be accessed by Shareholders/
disclosed in the annual duties, but also to provide important information investors and other stakeholders
report of the Public on efforts to improve the management of the through the BNI website so that
Company. Public Company. This information is very useful to this information is very useful to
provide assurance to shareholders or investors that provide assurance to Shareholders
there is certainty that the company’s management or investors that there is certainty
will continue to be in a better direction. With this that the company’s management will
disclosure, the Shareholders or investors know the continue to be in a better direction.
check and balance mechanism on the performance
of the Board of Directors. Description: Comply
The Board of Directors The policy of resigning members of the Board of The company will act actively in the
has a policy regarding Directors who are involved in financial crimes is a event of a financial crime, as stated
the resignation of a policy that can increase the trust of stakeholders in the Articles of Association, namely
member of the Board in the Public Company, so that the integrity of the Article 11 paragraph 13 in conjunction
of Directors if involved company will be maintained. This policy is needed with Article 11 paragraph 14 d which
in a financial crime. to assist the smooth running of the legal process states that members of the Board
and so that the legal process does not interfere of Directors can be dismissed at any
with business activities. In addition, in terms of time for reasons, among others, if
morality, this policy will build an ethical culture they are involved in actions that harm
within the Public Company. This policy can be the Company and/or the State, Article
included in the Guidelines or Code of Ethics that 11 paragraph 15 which states that the
apply to the Board of Directors. Furthermore, what decision to dismiss for that reason
is meant by being involved in a financial crime is is taken after the person concerned
the status of being convicted of a member of the is given the opportunity to defend
Board of Directors from an authorized party. These himself in the GMS, and Article 11
financial crimes include manipulation and various paragraph 24 f which states that the
forms of embezzlement in financial service activities position of a member of the Board
as well as the Criminal Act of Money Laundering of Directors automatically ends if no
as referred to in Law Number 8 of 2010 concerning longer meets the requirements as
Prevention and Eradication of Money Laundering. a member of the Board of Directors
based on this Articles of Association.
and laws and regulations. In addition,
the Articles of Association also
state that members of the Board of
Directors can be dismissed
for the time being by the Board of
Commissioners stating the reasons
if the person concerned is acting
contrary to the Articles of Association
or there is an indication that the
Company has committed losses or
neglected its obligations or there is
an urgent reason for the Company.
The Company already has a BNI Anti-
Money Laundering and Countering
Financing of Terrorism (AML & CFT)
Policy Statement in order to enforce
Law Number 8 of 2010 concerning
Prevention and Eradication of Money
Laundering.
Description: Comply
IV. ASPECT 4: STAKEHOLDER PARTICIPATION
Principle 7 The Public Company A person who has inside information is prohibited BNI has policies related to insider
Improve Corporate has a policy to prevent from carrying out a Securities transaction using information to prevent insider trading.
Governance insider trading. inside information as referred to in the Capital The policy is outlined in the Online
Aspects through Market Law. Public Companies can minimize the Company Guidelines (e-PP).
Stakeholder occurrence of insider trading through preventive
Participation. policies, for example by strictly separating data Description: Comply
and/or information that is confidential and public
in nature, as well as dividing the duties and
responsibilities of managing the information in a
proportional and efficient manner.
Annual Report 2020


Public companies have The anti-corruption policy is useful to ensure that In order to comply with SEBI No.
anti-corruption and the business activities of the Public Company are 13/28/DPNP dated 9 December
anti-fraud policies. carried out legally, prudently and in accordance with 2011 regarding the Implementation
the principles of good governance. The policy can of Anti-Fraud Strategies to grow
be part of a code of ethics, or in a separate form. the Anti-Fraud Committee to foster
This policy may include, among others, programs anti-fraud culture and awareness
and procedures implemented in overcoming at all levels of the organization.
corrupt practices, kickbacks, fraud, bribery and/or Policies and Principles no Fraud for
gratuities in public companies. The scope of the our bank are implemented through
policy must describe the prevention of the Public the Implementation of Anti-Fraud
Company against all corrupt practices, either giving Strategies. To measure the realization
or receiving from other parties. of a compliance culture, the
Compliance Division has developed
a tool called the Compliance index
(CIX). Meanwhile, the anti-corruption
policy has been regulated in the code
of ethics, Gratification Guidelines
and the Whistleblowing System.
BNI which can be accessed by all
employees and stakeholders through
the BNI website.
Description: Comply
The Public Company The policy on supplier or vendor selection is useful The company has a policy of selecting
has a policy regarding to ensure that the Public Company obtains the and increasing the ability of suppliers
the selection and necessary goods or services at a competitive or vendors, which is outlined in the
capacity building of price and good quality. Meanwhile, the policy form of online procurement guidelines
suppliers or vendors. of increasing the ability of suppliers or vendors (e-PP). The policy also regulates the
is useful to ensure that the supply chain runs Procurement Procedure including
efficiently and effectively. The ability of suppliers or the method and process flow. The
vendors to supply/fulfill goods or services needed implementation of this policy is
by the company will affect the quality of the always applied in the process of
company’s output. The implementation of these procuring goods and/or services and
policies can ensure continuity of supply, both in is guided by all employees. Providers
terms of quantity and quality required by the Public of goods and/or services needed by
Company. The scope of this policy includes criteria BNI must be registered in the manual
in selecting suppliers or vendors, transparent system or in the e-Procurement
procurement mechanisms, efforts to increase the application system. The notification
ability of suppliers or vendors, and fulfillment of of the winner of the procurement of
rights related to suppliers or vendors. goods and/or services is carried out
transparently.
Description: Comply
The Public Company Policies regarding the fulfillment of creditors’ rights Policies related to creditor rights
has a policy regarding are used as guidelines in making loans to creditors. have been stated in the agreement
the fulfillment of The purpose of this policy is to maintain the in the event that BNI enters into a
creditors’ rights. fulfillment of rights and maintain creditor trust in the loan agreement with creditors. The
Public Company. The policy includes considerations agreement has stated the rights and
in entering into agreements, as well as follow-up obligations of the parties, related to
actions in fulfilling Public Company obligations to the rights of creditors, for example
creditors. in the form of providing transparent,
accurate and timely information at
the time of request and use of loans,
maintaining financial ratios (Current
Ratio, DeR, Debt to Service Ratio)
with the ratio agreed upon with the
creditor, submitting an annual audited
financial report at the period agreed
with the creditor, and so on.
Description: Comply
Annual Report 2020

Corporate
Governance

The Public Company A well-developed whistleblowing system policy will Management of the Whistleblowing
has a whistleblowing provide assurance of protection to witnesses or System (WBS) at BNI under the name
system policy. reporters for indications of violations committed by “WBS to CEO. WBS is a commitment
employees or management of the Public Company. to creating a clean and integrity work
The application of this system policy will have environment in the form of active
an impact on the formation of a culture of good participation of BNI Hi-Movers to
corporate governance. The whistleblowing system report violations that occur within
policy covers, among others, the types of violations BNI. Violation reports via WBS can be
that can be reported through the whistleblowing made by telephone, email, letter or
system, how to complain, protect and guarantee website.
the confidentiality of the reporter, handling
complaints, the party who manages the complaint, Description: Comply
and the results of the handling and follow-up of
complaints.
Public Companies Long-term incentives are incentives based on The policy for providing long-term
have a policy of long-term performance achievement. Long- incentives to Directors and employees
providing long-term term incentive plans have the premise that the has been outlined in a separate
incentives to Directors company’s long-term performance is reflected Long Term Incentive Guidelines. The
and employees by the growth in the value of its shares or other provision of Long Term Incentives
long-term targets. Long-term incentives are useful (LTI) for the Board of Directors and
in order to maintain loyalty and provide motivation the Board of Commissioners totaling
to Directors and employees to increase their Rp56,803,643,359 has been approved
performance or productivity which will have an at the Board of Commissioners
impact on improving the company’s performance Meeting. This incentive policy is a
in the long term. The existence of a long-term BNI commitment that is adjusted to
incentive policy is a real commitment of the Public the Company’s long-term goals and
Company to encourage the implementation of statutory provisions.
long-term incentives for Directors and Employees
with terms, procedures and forms that are adjusted Description: Comply
to the long-term goals of the Public Company. Such
policies may include, among others: the aims and
objectives of providing long-term incentives, the
terms and procedures for providing incentives,
as well as conditions and risks that must be
considered by the Public Company in providing
incentives. This policy can also be included in the
remuneration policy of the existing Public Company.
V. ASPECT 5: INFORMATION DISCLOSURE
Principle 8 Public Companies The use of information technology can be useful as Apart from the website, BNI also
Improving the make wider use of a medium for information disclosure. The disclosure utilizes other information technology
Implementation information technology of information that is carried out is not only such as email, twitter and Instagram
of Information in addition to Web disclosure of information that has been regulated as a means of communication and a
Disclosure. sites as a medium for in laws and regulations, but also other information medium for information disclosure.
information disclosure. related to the Public Company which is deemed Information disclosure that is
useful to be known by Shareholders or investors. carried out is not only disclosure of
With the wider use of information technology information stipulated in laws and
in addition to the Web site, it is hoped that the regulations but also other information
company can increase the effectiveness of the related to the Public Company
company’s information dissemination. Nonetheless, which is deemed beneficial for the
the use of information technology should still pay shareholders/investors to know.
attention to the benefits and costs of the company.
Description: Comply
The Annual Report of The laws and regulations in the Capital Market The ultimate beneficial owner of share
the Public Company sector that govern the submission of annual reports ownership of a Public Company of
discloses the ultimate of Public Companies, have stipulated the obligation at least 5% (five percent) has been
beneficial owner in the to disclose information regarding Shareholders disclosed in the Annual Report, Sub-
share ownership of who own 5% (five percent) or more shares of Chapter List of Shareholders and Sub-
the Public Company Public Companies and the obligation to disclose Chapter Share Ownership of Directors
of at least 5% (five information regarding the main and controlling and Board of Commissioners.
percent), in addition shareholders of the Public Company directly or
to the disclosure indirectly up to the ultimate beneficial owner Description: Comply
of the ultimate in ownership of the shares. In this Governance
beneficial owner in Guidelines it is recommended to disclose the
the ownership of ultimate beneficial owner of share ownership of
shares of the Public a Public Company of at least 5% (five percent), in
Company through the addition to disclosing the ultimate beneficial owner
major and controlling of share ownership by the major and controlling
shareholders. shareholders.
Annual Report 2020

Implementation of the ASEAN
Corporate Governance Scorecard
As explained in the Governance Assessment section through an independent party assessment based on the parameters
of the ASEAN Corporate Governance Scorecard, BNI received the Very Good predicate with a score of 97.02, which is
an increase compared to the previous year’s score of 95.61. The assessment is carried out based on BNI’s disclosure of
information that can be accessed by all stakeholders on the parameters of the ASEAN Corporate Governance Scorecard.
The availability of information based on the parameters of the ASEAN Corporate Governance Scorecard can be described as
follows:
ASEAN Corporate Governance
No. Parameter Availability Notes on Presentation
Principle A: Shareholder’s Rights

A.1.1 Does the company pay (interim and final/annual) Yes As stated in the 2020 Annual Report on the Financial Review
dividends in an equitable and timely manner; that is, page 277 It has been presented in the Summary of the
all shareholders are treated equally and paid within 30 Minutes of the Annual General Meeting of Shareholders
days after being (i) declared for interim dividends and published on the Company’s website, Investor Daily, The
(ii) approved by shareholders at annual general meeting Jakarta Post daily, OJK/IDX website on February 24, 2020.
(AGM) for final dividends?
Do shareholders have the right to participate in:
A.2.1 Amendments to the company’s constitution? Yes As stated in Article 28 of the Company’s Articles of
Association
A.2.2 The authorization of additional shares? Yes As stated in Article 4 Paragraph 6 of the Company’s Articles
of Association
A.2.3 The transfer of all or substantially all assets, which in Yes As stated in Article 12 Paragraph 7 of the Company’s Articles
effect results in the sale of the company? of Association
A.3.1 The Right to Participate Effectively and Vote in the GMS Yes In accordance with the implementation in the Annual GMS
and to Receive Information on the GMS Rules, including held on February 20, 2020 as the following summary:
Voting procedures
A.3.2 Do shareholders have the opportunity, evidenced Yes In accordance with the implementation in the Annual GMS
by an agenda items, to approve remuneration (fees, held on February 20, 2020 as the following summary:
allowances, benefit-in-kind and other emoluments) or
any increases in remuneration for the non- executive
Directors/Commissioners?
A.3.3 Does the company provide non-controlling shareholders Yes In accordance with the implementation in the Annual GMS
a right to nominate candidates for Board of Directors/ held on February 20, 2020 as the following summary:
Commissioners?
A.3.4 Does the company allow shareholders to elect directors/ Yes Yes, in accordance with the rules of the GMS published on
commissioners individually? the Company’s website 21 days before the GMS:
https://bni.co.id/portals/1/bni/perusahaan/docs/upload-web-
bbni-pemanggilan-material.pdf
A.3.5 Do the minutes of the most recent AGM record that Yes In accordance with the implementation in the Annual GMS
the shareholders were given the opportunity to ask held on February 20, 2020 as the following summary:
questions and the questions raised by shareholders and
answers given recorded?
A.3.6 Does the company disclose the voting results including Yes In accordance with the implementation in the Annual GMS
approving, dissenting, and abstaining votes for all held on February 20, 2020 as the following summary:
resolutions/each agenda item for the most recent AGM?
A.3.7 Does the company disclose the list of board members Yes In accordance with the implementation in the Annual GMS
who attended the most recent AGM? held on February 20, 2020 as the following summary:
A.3.8 Does the company disclose that all board members and Yes As in the summary of the minutes of the Annual General
the CEO (if he is not a board member) attended the Meeting of Shareholders on February 20, 2020, below:
most recent AGM?
A.3.9 Does the company allow for voting in absentia? Yes As in the summary of the minutes of the Annual General
Meeting of Shareholders on February 20, 2020, below:
A.3.10 Did the company vote by poll (as opposed to by show of Yes As in the summary of the minutes of the Annual General
hands) for all resolutions at the most recent AGM? Meeting of Shareholders on February 20, 2020, below:
Annual Report 2020

Corporate
Governance
A.3.11 Does the company disclose that it has appointed an Yes As in the summary of the minutes of the Annual General
independent party (scrutineers/inspectors) to count and/ Meeting of Shareholders on February 20, 2020, below:
or validate the votes at the AGM?
A.3.12 Does the company make publicly available by the next No. -
working day the result of the votes taken during the
most recent AGM/EGM for all resolutions?
A.3.13 Do companies provide at least 21 days notice for all Yes As in the Summons of the Annual GMS and Extraordinary
AGMs and EGMs? GMS 2020 as follows:
A.3.14 Does the company provide the rationale and explanation Yes As stated in the GMS Agenda Explanation as follows:
for each agenda which require shareholders’ approval
in the notice of AGM/circulars and/or the accompanying
statement?
A.3.15 Does the company give the opportunity for shareholder Yes As stated in the Announcement of the Annual GMS and
to place item/s on the agenda of AGM Extraordinary GMS as follows:
A.4.1 In cases of mergers, acquisitions and/or takeovers, does N/A -
the board of directors/commissioners of the offeree
company appoint an independent party to evaluate the
fairness of the transaction price?
A.5.1 Does the company publicly disclose policy/practice Yes As in the Summons of the Annual GMS and Extraordinary
to encourage shareholders including institutional GMS 2019 as follows:
shareholders to attend the general meetings or
engagement with the company?
Principle B: Equal Treatment of Shareholders
B.1.1 Do the company’s ordinary or common shares have one Yes As in the Summons of the Annual GMS and Extraordinary
vote for one share? GMS 2019 as follows:
B.1.2 Where the company has more than one class of shares, Yes As stated in the Company’s Articles of Association:
does the company publicise the voting rights attached to
each class of shares (e.g. through the company website/
reports/the stock exchange/the regulator’s website)?
B.2.1 Does each resolution in the most recent AGM deal with No -
only one item, i.e., there is no bundling of several items
into the same resolution?
B.2.2 Are the company’s notice of the most recent AGM/ Yes As published on the Company’s website and IDX website:
circulars fully translated into English and published on https://bni. co.id/id-id/perusahaan/tatakelola/rups
the same date as the local-language version?
Does the notice of AGM/circulars have the following details:
B.2.3 Are the profiles of directors/commissioners ( at least No Company Explanation: SOE Minister Regulation No. PER-02/
age, qualification, date of first appointment, experience, MBU/02/2015 and No. PER-03/MBU/02/2015 concerning
and directorships in other listed companies) in seeking Requirements, Procedures for Appointment and Dismissal
election/re-election included? of Members of the Board of Commissioners/Directors of
State-Owned Enterprises regulates that for open SOEs,
curriculum vitae of prospective members of the Board of
Commissioners/Directors to be proposed to be appointed at
the GMS, must be available and announced at the time of the
General Meeting of Shareholders before making a decision
regarding the appointment of the concerned member of
the Board of Commissioners/Directors. Since the Company
is a publicly listed SOE, the Company is subject to these
conditions.
B.2.4 Are the auditors seeking appointment/reappointment No -
clearly identified?
B.2.5 Were the proxy documents made easily available? Yes In accordance with the implementation in the Annual GMS
held on February 20, 2020 as the following summary:
Annual Report 2020

B.3.1 Does the company have policies and/or rules prohibiting Yes As stated in the provisions of the Company’s Prohibited
directors/commissioners and employees to benefit and Non- Prohibited Transactions Guidelines reported in the
from knowledge which is not generally available to the 2019 Annual Report for concerning Governance Principles to
market? Improve Corporate Governance Aspects through Stakeholder
Participation.
B.3.2 Are the directors and commissioners required to report No Company Explanation: The Company already has the
their dealings in company shares within 3 business provisions contained in the provisions of the Company
days? Guidelines on Prohibited and Non-Prohibited Transactions that
are reported in the 2018 Fiscal Year Annual Report regarding
Governance Principles to Improve the Corporate Governance
Aspects through Stakeholder Participation.
B.4.1 Are directors and commissioners required to disclose Yes As stated in the Board of Directors’ Work Guidelines and
their interest in transactions and any other conflicts of Procedures and Commissioners Work Guidelines and
interest? Procedures:
B.4.2 Does the company have a policy requiring a committee Yes As stated in the Board of Directors’ Work Guidelines and
of independent directors/commissioners to review Procedures and Commissioners Work Guidelines and
material/significant RPTs to determine whether they are Procedures:
in the best interests of the company and shareholders?
B.4.3 Does the company have a policy requiring board Yes As stated in the Board of Directors’ Work Guidelines and
members (directors/commissioners) to abstain from Procedures and Commissioners Work Guidelines and
participating in the board discussion on a particular Procedures
agenda when they are conflicted?
B.4.4 Does the company have policies on loans to directors No Company Explanation: The Company has disclosed the
and commissioners either forbidding this practice or Provision of Funds to Related Parties and Provision of Large
ensuring that they are being conducted at arm’s length Funds in the 2020 Annual Report.
basis and at market rates.
B.5.1 Does the company disclose that RPTs are conducted No Company Explanation: Provisions regarding loans to the
in such a way to ensure that they are fair and at arms’ Directors and Board of Commissioners are regulated in the
length? Company’s internal regulations.
B.5.2 In case of related party transactions requiring Yes As stipulated in the Company’s Articles of Association:
shareholders approval, is the decision made by http://bni.co.id/Portals/1/BNI/Perusahaan/TataKelola/
disinterested shareholders? Docs/GCG/BBNI%20-%20ARTICLES%20OF%20
ASSOCIATION%202018.pdf
Principle C: The Role of Stakeholders
Does the company disclose this policy?
C.1.1 The existence and scope of business of the company to Yes As stated in the 2020 Annual Report in the section Social
fulfill the customer’s welfare? Responsibility - Corporate Social Responsibility Related to
Responsibility to Consumers.
C.1.2 Supplier/Contractor selection procedure? Yes Yes, as published in the Procurement Auction section on the
Company’s website
http://bni.co.id/id-id/beranda/berita/lelangpengadaan
C.1.3 The company’s efforts to ensure that its value chain Yes As stated in the 2020 Annual Report in the Social
is environmentally friendly or consistent with the Responsibility section of the page and in the 2020
promoting sustainable development? Sustainability Report
C.1.4 The company’s efforts to interact with the communities Yes As stated in the 2020 Annual Report in the Social
in which the company operates? Responsibility section and in the 2020 Sustainability Report
C.1.5 Company anti-corruption programs and procedures? Yes As stated in the 2020 Annual Report in the section on
Corporate Social Responsibility Related to Fair Operations
C.1.6 How are Creditor’s rights protected? ? Yes As stated in several sections in the 2020 Annual Report,
including the section on the Implementation of the Principles
of Corporate Governance in accordance with the provisions of
C.1.7 Does the company have a separate report/section that Yes The Company publishes the 2020 Sustainability Report and
describes the company’s efforts on environmental/ can be accessed through the Company’s website:
economic and social issues? https://bni.co.id/id-id/perusahaan/hubunganinvestor/
laporanpresentasi
C.2.1 Does the company provide contact details through Yes The Company announces the Company’s contact details in
the website or the company’s Annual Report, so that the 2020 Annual Report and the Company’s website:
Stakeholders (such as customers, suppliers, the public, https://bni.co.id/id-id/kontak/kontakbni/hubungikami
etc.) can raise concerns and/or complaints regarding
possible violations of their rights?
Annual Report 2020

Corporate
Governance
C.3.1 Does the company explicitly disclose policies and Yes As stated in the 2020 Annual Report in the section on
practices for the health, safety and welfare of its Corporate Social Responsibility Related to Employment,
employees? Health and Safety and the 2020 Sustainability Report.
C.3.2 Does the company disclose policies and practices Yes As stated in the 2020 Annual Report in the Employee Profile
regarding its employee training and development and Competency Development section.
programs?
C.3.3 Does the company have a remuneration/compensation Yes As described in the 2020 Annual Report in the Remuneration
policy that does not only take into account the section.
company’s short-term performance?
C.4.1 Does the company have a whistleblowing policy that Yes As stated in the 2020 Annual Report in the Corporate
includes procedures for complaints by employees and Governance - Whistleblowing System section.
other stakeholders regarding suspected illegal and
unethical behavior and provides contact details through
the website or the company’s Annual Report?
C.4.2 Does the company have policies or procedures to Yes As stated in the 2020 Annual Report in the Legal Aid Facilities
protect employees who disclose illegal or unethical section.
behavior from retaliation?
Principle D: Disclosure & Transparency
D.1.1 Does the share ownership information reveal the Yes As stated in the 2020 Annual Report in the Main and
identity of the beneficial owners, with 5% or more share Controlling Shareholder Information section.
ownership?
D.1.2 Does the company disclose the direct/indirect Yes As stated in the 2020 Annual Report in the Main and
ownership of the majority shareholder? Controlling Shareholder Information section.
D.1.3 Does the company disclose share ownership by Yes As stated in the 2020 Annual Report in the Share Ownership
members of the Board of Directors and the Board of of Directors section.
Commissioners, either directly/indirectly?
D.1.4 Does the company disclose share ownership by Senior Yes As stated in the 2020 Annual Report in the Share Ownership
Management, either directly/indirectly? of Directors section.
D.1.5 Does the company disclose details of parent companies, Yes As stated in the 2020 Annual Report in the Name and
subsidiaries, associations, joint ventures and special Address section of Subsidiaries, Associates.
purpose enterprises?
Does the company’s Annual Report disclose the following:
D.2.1 Company objectives Yes As stated in the 2020 Annual Report in the Vision, Mission
and Corporate Culture section.
D.2.2 Financial performance indicators Yes As stated in several sections in the 2020 Annual Report,
including in the Financial Highlights and Management Reports
section.
D.2.3 Non-financial performance indicators Yes As stated in several sections in the 2020 Annual Report,
including the Operational Highlights and Management
Reports section.
D.2.4 Dividend Policy No As stated in the 2020 Annual Report in the Dividend Policy
section.
D.2.5 Biographical details (minimum age, educational Yes As stated in the 2020 Annual Report in the Profiles of the
qualification, date of first appointment, relevant Directors and Commissioners.
experience and positions in other public companies) of
all members of the Board of Directors and the Board of
Commissioners.
D.2.6 Attendance details of each member of the Board of Yes As stated in the 2020 Annual Report at the Board of
Directors and the Board of Commissioners in the Board Commissioners and Directors Meeting section.
of Directors and/or Board of Commissioners Meetings
D.2.7 The total remuneration of each member of the Board of No PT Bank Negara Indonesia (Persero) Tbk did not disclose any
Directors and Board of Commissioners information regarding this matter. The available information
only discloses in aggregate the amount of remuneration
received by the Board of Commissioners without explicitly
mentioning the name of the commissioner and the amount of
remuneration received. As stated in the 2020 Annual Report
in the Remuneration section for the Board of Commissioners
and Directors.
D.2.8 Does the Annual Report contain a statement confirming Yes As stated in the 2020 Annual Report in the section on
the company’s compliance with corporate governance Management Reports and Implementation of Corporate
and, if there is a violation, have been identified and Governance Aspects and Principles in accordance with
explained the reasons for each problem? Financial Services Authority Regulations, as well as Bad
Corporate Governance Practices.
Annual Report 2020

D.3.1 Does the company disclose a policy regarding Yes As stated in the 2020 Annual Report in the Transactions
the review and approval of material related party with Related Parties section and Significant Prohibitions,
transactions? Limitations and/or Barriers to Transferring Funds between
Banks and Other Entities in One Business Group.
D.3.2 Does the company disclose the name, relationship Yes As stated in the 2020 Annual Report in the Transactions
and nature and value of any material related party with Related Parties section and Significant Prohibitions,
transactions? Limitations and/or Barriers to Transfer Funds between Banks
and Other Entities in One Business Group.
D.4.1 Does the company disclose insider trading of the Yes As stated in the 2020 Annual Report in the Report on
company’s stock? Ownership/Changes in Share Ownership for the Board of
Commissioners and Directors.
D.5.1 Are audit and non-audit fees disclosed? Yes As stated in the 2020 Annual Report in the Independent
External Auditor section.
D.5.2 Do non-audit fees exceed audit fees? No -
Does the company use the following media to communicate?
D.6.1 Quarterly Report Yes The Quarterly Report has been published on the Company’s
website and IDX website.
https://bni.co.id/id-id/perusahaan/hubunganinvestor/
laporanpresentasi
D.6.2 Company website Yes The Company’s website is bni.co.id
D.6.3 Analyst meeting Yes The Quarterly Report on the Analyst Meeting is published on
the Company’s website and on the IDX website.https://bni.
co.id/id-id/perusahaan/hubunganinvestor/laporanpresentasi
D.6.4 Media briefings Yes Press release published on the Company’s website:
http://bni.co.id/id-id/beranda/berita/siaranpers
D.7.1 Are audited Annual Financial Statements issued within Yes The Annual Report accompanied by the 2020 Financial Report
120 days of the end of the financial year? is published on the Company’s website on January 24, 2021
or before 120 days since 2020 ends.
D.7.2 Is the Annual Report issued within 120 days of the end Yes The Annual Report accompanied by the 2020 Financial Report
of the financial year? is published on the Company’s website on January 24, 2021
or before 120 days since 2020 ends.
D.7.3 Is the statement that the Annual Financial Statements Yes As stated in the 2020 Annual Report Ratification Form.
have been presented correctly and fairly confirmed by
the Board of Commissioners or Directors and/or related
officials of the company.
Does the company have a website that discloses up-to-
date information on the following:
D.8.1 Financial Report (last quarter) Yes https://bni.co.id/id-id/perusahaan/hubunganinvestor/
laporanpresentasi
D.8.2 The material presented in the briefing to analysts and Yes https://bni.co.id/id-id/perusahaan/hubunganinvestor/
the media laporanpresentasi
D.8.3 Downloadable Annual Report Yes https://bni.co.id/id-id/perusahaan/hubunganinvestor/
laporanpresentasi
D.8.4 Summons to the GMS and/or EGMS Yes https://bni.co.id/id-id/perusahaan/tatakelola/rups
D.8.5 Minutes of the AGMS and/or EGMS Yes https://bni.co.id/id-id/perusahaan/tatakelola/rups
D.8.6 Company constitution (Laws, company notes and Yes https://bni.co.id/id-id/perusahaan/tatakelola/anggarandasarbni
articles of association)
D.9.1 Does the company disclose contact details (eg Yes https://bni.co.id/id-id/perusahaan/hubunganinvestor/
telephone, fax and e-mail) of officers/institutions kontakinvestor/kontakinformasi
responsible for investor relations? As stated in the 2020 Annual Report in the Company Identity
section.
Annual Report 2020

Corporate
Governance
Principle E: Responsibilities of the Board of Directors and the Board of Commissioners

The responsibilities of the Board of Commissioners and CG Policy should be clearly stated by the company:
E.1.1 Does the company disclose its corporate governance Yes The Charter of the Board of Directors and the Board of
policies/board of directors/board of commissioners Commissioners are published on the Company’s website.
charter? http://bni.co.id/id-id/perusahaan/tatakelola/
pedomandantatatertib
As stated in the 2020 Annual Report in the section on
the Implementation of Good Corporate Governance
Principles, Guidelines and Work Procedures for the Board
of Commissioners, as well as the Board of Directors Work
Guidelines and Code of Conduct.
E.1.2 Are the types of decisions that require the approval of Yes Published in the Company’s Articles of Association.
the Board of Directors/Board of Commissioners to be http://bni.co.id/Portals/1/BNI/Perusahaan/TataKelola/Docs/
disclosed? GCG/072018_resize_AD%20BNI%202018%20(dan%20
AHU).pdf
As stated in the 2020 Annual Report in the Board of
Commissioners Decree and 2020 Directors Decree
E.1.3 Are the roles and responsibilities of the Board of Yes Published in the Charter of the Board of Directors and the
Directors/Board of Commissioners clearly stated? Board of Commissioners and the Company’s Articles of
Association.
http://bni.co.id/id-id/perusahaan/tatakelola/
http://bni.co.id/Portals/1/BNI/Perusahaan/TataKelola/Docs/
GCG/072018_resize_AD%20BNI%202018%20(dan%20
AHU).pdf
As stated in the 2020 Annual Report in the Duties and
Responsibilities section of the Board of Commissioners
as well as the Duties and Responsibilities of the Board of
Directors.
Vision and Mission of the Company:
E.1.4 Does the company have an updated Vision and Mission Yes As stated in the 2020 Annual Report in the Vision, Mission
statement and Corporate Culture Section
E.1.5 Does the Board of Directors play a major role in the Yes As stated in the 2020 Annual Report in the Management
process of developing and reviewing the company’s Report and Business Prospects section.
strategy every year?
E.1.6 Does the Board of Directors have a process to review, Yes As stated in the 2020 Annual Report in the Management
monitor and supervise the implementation of company Report and Business Development Strategy section.
strategy?
Code of Ethics or Code of Conduct:
E.2.1 Are details of the code of conduct or behavior disclosed? Yes Yes, it is regulated in the Charter of the Board of Directors
and the Board of Commissioners published on the Company’s
website
As stated in the 2020 Annual Report in the Company’s Code
of Ethics.
E.2.2 Are all Directors/Commissioners, Senior Management Yes As stated in the 2020 Annual Report in the Compliance
and employees required to comply with the code of section of the Code of Ethics.
conduct?
E.2.3 Does the company have a process for implementing Yes As stated in the 2020 Annual Report in the Efforts to
and monitoring compliance with a code of conduct or Implement and Enforce the Code of Ethics.
behavior?
Structure and Composition of the Board of Commissioners:
E.2.4 Does the composition of the Independent Director/ Yes https://bni.co.id/id-id/perusahaan/tentangbni/Commissioner
Commissioner constitute at least 50% of the
total members of the Board of Directors/Board of
Commissioners?
E.2.5 Does the company have a term limit of nine years or Yes It has been regulated in the Board of Directors/Board
less or 2 terms of five years each for its Independent of Commissioners’ Working Guidelines and Procedures
Director/Commissioner? in the term of office of the Board of Directors/Board of
Commissioners
Annual Report 2020

E.2.6 Has the company set a limit of five seats for the Board Yes It has been regulated in the Board of Directors/Board
of Directors and the Board of Commissioners that of Commissioners’ Working Guidelines and Procedures
can be held simultaneously by an independent/non- in the term of office of the Board of Directors/Board of
Executive Director/Commissioner? Commissioners http://bni.co.id/id-id/perusahaan/tatakelola/
E.2.7 Does the company have any executive directors/ No -
commissioners who serve on more than two boards of
listed companies outside of the group?
Nomination Committee:
E.2.8 Does the company have a Nominating Committee (NC)? Yes Yes, the Company has a Nomination and Remuneration
Committee http://bni.co.id/id-id/perusahaan/tatakelola/
CommitteedewanCommissioner
E.2.9 Is the Nominating Committee comprise of a majority of Yes As stated in the 2020 Annual Report in the Nomination and
independent directors/commissioners? Remuneration Committee section
E.2.10 Is the chairman of the Nominating Committee an Yes As with the 2020 Annual Report in the Nomination and
independent director/commissioner? Remuneration Committee section, the Chair of the
Nomination and Remuneration Committee is held by Agus
Dermawan Wintarto Martowardojo, President Commissioner/
Independent Commissioner.
E.2.11 Does the company disclose the terms of reference/ Yes https://bni.co.id/id-id/perusahaan/tatakelola/
governance structure/charter of the Nominating CommitteedewanCommissioner
Committee?
E.2.12 Is the meeting attendance of the Nominating Committee Yes As stated in the 2020 Annual Report, the Agenda for the
disclosed and if so, did the Nominating Committee meet Nomination and Remuneration Committee Meetings, as well
at least twice during the year? as the Frequency and Attendance Level of the Nomination
and Remuneration Committee Meetings.
Remuneration Committee/Compensation Committee:
E.2.13 Does the company have a Remuneration Committee? Yes The Company has a Nomination and Remuneration
Committee
E.2.14 Is the Remuneration Committee comprise of a majority Yes As stated in the 2020 Annual Report in the Nomination and
of independent directors/commissioners? Remuneration Committee section
E.2.15 Is the chairman of the Remuneration Committee an Yes As with the 2020 Annual Report, the Chair of the Nomination
independent director/commissioner? and Remuneration Committee is held by…, President
Commissioner/Independent Commissioner.
E.2.16 Does the company disclose the terms of reference/ Yes https://bni.co.id/id-id/perusahaan/tatakelola/
governance structure/charter of the Remuneration CommitteedewanCommissioner
Committee?
E.2.17 Is the meeting attendance of the Remuneration Yes As stated in the 2020 Annual Report, the Agenda for the
Committee disclosed, and if so, did the Remuneration Nomination and Remuneration Committee Meetings, as well
Committee meet at least twice during the year? as the Frequency and Attendance Level of the Nomination
and Remuneration Committee Meetings.
Annual Report 2020

Corporate
Governance
Audit Committee:
E.2.18 Does the company have an Audit Committee? Yes https://bni.co.id/id-id/perusahaan/tatakelola/
E.2.19 Is the Audit Committee comprised entirely of non- Yes As published on the Company’s website https://bni.co.id/id-id/
executive directors/commissioners with a majority of perusahaan/tatakelola/CommitteedewanCommissioner
independent directors/commissioners? and the 2020 Annual Report on the Audit Committee section.
E.2.20 Is the chairman of the Audit Committee an independent Yes As published on the Company’s website https://bni.co.id/id-id/
director/commissioner? perusahaan/tatakelola/CommitteedewanCommissioner
and the 2020 Annual Report on the Audit Committee section.
E.2.21 Does the company disclose the terms of reference/ Yes https://bni.co.id/Portals/1/BNI/Perusahaan/Docs/Piagam%20
governance structure/charter of the Audit Committee? Committee%20Audit%20BNI.pdf
E.2.22 Does at least one of the independent directors/ Yes As stated in the 2019 Annual Report on the Audit Committee
commissioners of the committee have accounting Structure, Membership and Expertise.
expertise (accounting qualification or experience)?
E.2.23 Is the meeting attendance of the Audit Committee Yes As stated in the Frequency and Attendance of Audit
disclosed, and if so, did the Audit Committee meet at Committee Meetings.
least four times during the year?
E.2.24 Does the Audit Committee have primary responsibility No Company Explanation: Disclosure of the implementation of
for recommendation on the appointment, and removal the duties and responsibilities of the Audit Committee in
of the external auditor? providing recommendations to the Board of Commissioners
regarding the appointment of a Public Accountant and KAP
for the 2019 audit year has been outlined in the 2020 Annual
Report.
Meetings and Attendance of the Board of Commissioners:
E.3.1 Are the board of directors meetings scheduled before No Company Explanation: The Board of Directors Meeting Plan
the start of financial year? has been presented in the 2020 Annual Report in the 2020
Board of Directors Meeting Scheduled in.
E.3.2 Does the board of directors/commissioners meet at Yes As stated in the 2019 Annual Report.
least six times per year?
E.3.3 Has each of the directors/commissioners attended at No -
least 75% of all the board meetings held during the
year?
E.3.4 Does the company require a minimum quorum of at No As stipulated in the Company’s Articles of Associationhttps://
least 2/3 for board decisions? bni. co.id/id-id/perusahaan/tatakelola/anggarandasarbni
E.3.5 Did the non-executive directors/commissioners of the Yes As stated in the 2019 Annual Report.
company meet separately at least once during the year
without any executives present?
Annual Report 2020

Corporate Social Responsibility 796
Corporate Social Responsibilities Related to Fair Operations 803
Corporate Social Responsibility in the Implementation
of Human Rights 806
Corporate Social Responsibilities in the Environment 809
Corporate Social Responsibility In Labour, Health,
and Work Safety 816
Corporate Social Responsibility to Consumers/Customers 822
Corporate Social Responsibilities in the Sector
of Social Community Development 826
2020 Annual Report

Corporate
Social
Responsibility
Fishermen collectively work to dry fish at

a fishermen’s village. Preserving fish by
drying or marinating with salt is one way
for fishermen to increase their income
apart from selling freshly caught fish.
2020 Annual Report

Corporate Social Responsibility
BASIC OF IMPLEMENTATION OF For BNI, the development of business activities and

CORPORATE SOCIAL RESPONSIBILITY advancing a sustainable domestic economy is always
carried out with full integrity in line with applicable laws
As one of the largest banks in Indonesia, BNI has a strong and regulations, and upholds business ethics. Thus, BNI
commitment to developing a sustainable economy by implements CSR programs and activities that are not just
always paying attention to responsibility and balancing compliance with regulations, more than that, CSR has
economic, social and environmental aspects. For this become the responsibility of the Bank to stakeholders.
reason, BNI organizes programs and activities for corporate
social responsibility or Corporate Social Responsibility BNI’s CSR implementation policy refers to and is in line
(CSR) with the awareness that the Bank’s success with the Bank’s Mission and ESG (Environmental, Social
in maintaining sustainable performance is not only and Governance) aspects. The implementation of BNI’s
determined by management and operational performance, CSR programs and activities is also guided by the following
but also because it is supported by the community in its regulations:
environment. 1. Law No. 40 of 2007 on Limited Liability Companies.
2. Government Regulation No. 47 of 2012 concerning
Limited Corporate Social and Environmental
Responsibility
2020 Annual Report

Corporate Social
Responsibility
concerning the Second Amendment to Regulation

of Ministry of SOE of the Republic of Indonesia No.
PER-09/MBU/07/2015 dated July 3, 2015 concerning
the SOE Partnership Program and Community
Development Program. This SOE Ministerial
BNI commits to implement Regulation was applied in 2017.
4. Financial Services Authority (OJK) Regulation
social responsibility No. 51/POJK.03/2017 dated July 18, 2017 on the
Implementation of Sustainable Finance for Financial
programs and activities as Services Institutions, Issuers, and Public Companies.
stated in BNI Mission number 5. Minister of SOE Decree No. SK-03/D7.MBU/12/2018
dated December 10, 2018 on Implementation
4 (four), namely Increasing Guidelines for Fund Distribution of Partnership
Programs of State-Owned Enterprises through Special
Concern and Responsibility SOEs.
to the Environment and 6. The Annual General Meeting of Shareholders of
Fiscal Year 2018, which was held on May 13, 2019,
Community, and number 5 has reported a Sustainable Financial Action Plan to
Shareholders in accordance with Financial Services
(five), that is Becoming the Authority (OJK) Regulation No. 51/POJK.03/2017
Implementation Reference dated July 18, 2017 on the Implementation of
Sustainable Finance for Financial Services Institutions,
of Compliance and Good Issuers, and Public Companies.
7. Extraordinary General Meeting of Shareholders of
Corporate Governance. PT Bank Negara Indonesia (Persero) Tbk (RUPSLB
BNI) dated November 9, 2015 stipulates that Minister
of SOE Regulation No. PER-09/MBU/07/2015 dated
July 3, 2015 which took effect in 2016.
8. Internal Company Guidelines.
POLICY, STRATEGY AND WORK PLAN

FOR THE IMPLEMENTATION OF SOCIAL
3. Minister of State-Owned Enterprises of the Republic RESPONSIBILITY THAT IS BASED ON
of Indonesia Regulation No. PER-09/MBU/07/2015 SUSTAINABLE FINANCIAL CONCEPTS
dated July 3, 2015 concerning the SOE Partnership
Program and Community Development Program, BNI organizes CSR programs and activities that have
revoking the Regulation of the Minister of SOE of the clear goals, mechanisms and approaches in developing
Republic of Indonesia No. PER-07/MBU/05/2015 dated CSR strategies, which are to have a positive influence
May 22, 2015, which was amended by Regulation and advance the social conditions of the community
of the Ministry of SOE of the Republic of Indonesia and the people connected to the Bank through the
No. PER-03/MBU/12/2016, dated December 16, 2016 implementation of suitable programs and long-term
concerning Amendment to Regulation of Ministry impacts. The implementation of CSR strategies and
of SOE of the Republic of Indonesia No. PER-09/ work plan of the Bank always respects and considers the
MBU/07/2015 dated July 3, 2015 concerning the SOE expectations of stakeholders and complies with applicable
Partnership Program and Community Development laws and is consistent with international norms. BNI
Program that was subsequently amended by avoids the implementation of CSR which solely aims to
Regulation of Ministry of SOE of the Republic of improve the company’s image in the eyes of the public
Indonesia No. PER-02/MBU/7/2017 dated July 5, 2017 and the business society. Understanding the objectives
2020 Annual Report

of the implemented CSR program and the expected

BNI BNI
positive impacts are the Bank’s main goal in order to for for
achieve the ideal, objective, targeted, and sustainable Indonesia Customers
CSR implementation goals in line with the concept of BNI
sustainable finance. for
Employee
OJK (Financial Services Authority) issues provisions in
order to encourage economic, social and ecological value in
every policy or business decision, through POJK (Financial BNI
Services Authority Regulation) No. 51/POJK.03/2017 For The
dated July 18, 2017 on the Implementation of Sustainable Community
Finance for Financial Services Institutions, Issuers and
Public Companies (“POJK Sustainable Finance”) stipulates
BNI
that the application of sustainable finance for Commercial Sustainability BNI
Banks based on Business Activities/Bank Category (BUKU) for the
3, BUKU 4 and Foreign Banks take effect on January 1,
Pillars Environment
2019. POJK Sustainable Financial is issued to support the
Sustainable Financial Roadmap that has been prepared
by OJK, including health and welfare of the community,
through the financial industry and financial institutions. This
will have an impact on the Bank’s efforts to encourage These values are translated into the following forms:
responsible behavior throughout the organization. 1. BNI for Indonesia: BNI’s activity to support sustainable
development in Indonesia, through environmental
In this regard, BNI’s management including the Board of conservation, social welfare improvements, and
Commissioners and Directors provide support in planning community economic empowerment, especially for
and direct supervision related to sustainable finance. BNI partners.
The President Director has set up the implementation of 2. BNI for Customers: BNI applies the concept of
sustainable finance and the division of functions related responsible investment. We are fully aware that our
to sustainable finance through Decree of the President investments must be managed with full responsibility.
Director on the Implementation of Sustainable Finance For this reason, BNI has established mutually
No. KMP/4/2602. Presently, BNI is in refinement phase of beneficial partnerships, while still paying attention to
its organizational functions and corporate governance to economic, social, and environmental aspects through
support the ideal sustainable financial implementation plan. the application of good governance.
In the refinement phase, the Strategic Planning Division 3. BNI for Employees: BNI’s commitment to providing
specifically setup RAKB, supervision and evaluation of a proud workplace, capable of encouraging all
sustainable financial applications. On the other hand, the employees to improve their performance and
Company’s Risk Management Division is responsible for potential.
managing social and environmental risks, and the reporting 4. BNI for the Community: As a State-Owned Enterprise
of which is carried out by the Corporate Communication (SOE), and in accordance with the Company’s Mission,
and Secretariat. BNI plays a role in social responsibility (CSR) that
empowers people and improves their lives.
The essence of the implementation of CSR as interpreted 5. BNI for the Environment: We implemented the ‘BNI
by the Bank, in addition to fulfilling POJK 51 Sustainable Go Green’ program to participate in environmental
Finance, it is also directed as BNI’s Sustainability Pillar in conservation, and to create a love the environment
building harmonious and mutually beneficial relationships movement.
with the environment, communities and stakeholders,
both local, national and global, as well as having a positive
impact on environmental mindset and life.
2020 Annual Report

Corporate Social
Responsibility
SUSTAINABILITY STRATEGY 3. Corporate Guidelines on Community Development

(BL) and Corporate Social Responsibility (CSR) No.
For BNI, sustainability is to become a financial institution IN/576/KMP/001 dated October 17, 2018.
that provides superior performance and services to all 4. Corporate Guideline on Community Development
customers, increases investment value for investors, Management No. IN/341/KMP/001 dated July 17,
creates the best working conditions for employees, and 2017.
raises concern for the environment and community, and 5. Corporate Guidelines on Environmentally-friendly
enforces corporate governance in a sustainable financial Lifestyle No. IN/418/KMP/001 dated September 12,
context. This commitment to sustainability is stated in the 2017.
Company’s vision and mission.
BNI has also prepared a Sustainable Financial Action Plan
In the 4th and 5th Mission points, namely increasing (RAKB) as BNI’s commitment to implementing sustainable
awareness and responsibility to the environment and finance and has been submitted to the OJK through
community, and to become the reference for implementing Letter No. DIR/585 dated November 28, 2019. The RAKB
compliance and good corporate governance, BNI has put is the basis of the policy for the Bank in implementing
LST aspects (Environmental, Social and Governance) into sustainable finance from 2020 to 2022 and every year its
consideration in company operations. The implementation implementation is reported to OJK. Furthermore, the BNI
of the company’s operations is expected to support the Group, namely BNI Syariah, BNI Multifinance, and BNI Life
achievement of the Sustainable Development Goals/SDGs. have prepared the RAKB for 2020 which was reported to
OJK in November 2019.
GOVERNANCE OF THE CORPORATE Management Structure of Corporate

SOCIAL RESPONSIBILITIES Social Responsibility
Working organization that manages the coordination
Commitment to Social Responsibility of CSR implementation and are responsible for the
BNI is committed to implementing social responsibility implementation of corporate social responsibility
programs and activities as stated in BNI’s mission number governance related to social issues, especially the
4 (four), namely Increasing Concern and Responsibility Community Development Program activities, is currently
to the Environment and Community and mission number within the Corporate Communication and Secretariat (KMP)
5 (five), which is to be a Reference for Implementation Division. The management structure of the Bank’s CSR
of Compliance and Good Corporate Governance. BNI was formed based on the Decree of the Board of Directors
has established policies that are used as the basis for No. KP/089/DIR/R on February 19, 2020. This division is
implementing the Bank’s social responsibilities, the directly responsible to the President Director. While the
implementation process of which begins with planning and implementation of the Partnership Program since 2017
is set out in the Annual Work Plan. The implementation of has been the task of the Small Business Division-2 formed
the Annual Work Plan and all regulations related to social based on the Decree of the Board of Directors No. KP/127/
responsibility issues are regularly evaluated and reported DIR/R on March 17, 2018.
to relevant stakeholders, as a fulfillment of information
disclosure on the impact of the Bank’s business decisions
and activities on society and the environment through
transparent and ethical behavior.
Some of BNI’s corporate social responsibility policies

include:
1. Corporate Guideline on Community Development (BL)
and Corporate Social Responsibility (CSR) Guidelines
No. IN/213/KMP/001 dated April 13, 2020
2. Corporate Guidelines on Banking Business Credit
BUKU I Corporate Segment for customer credit risk
analysis related to AMDAL or PROPER (Company
Rating Assessment Program in Environmental
Management) BPP No. IN/690/PGV/001 dated
December 20, 2018.
2020 Annual Report

KMP Division’s Social Responsibility Management Structure
President Director
Corporate Secretary and

Communication Division
Deputy Head of Division I
Community Development
Development Group Group
Method and Scope of Due Diligence

Partnership Program Management Structure BNI realizes that the scope of social responsibility is the
of Small Business 2 Division whole impact of its business activities on all stakeholders.
Therefore, BNI has a due diligent method that maps
Managing Director UMKM & Network the social, economic, and environmental impacts of the
company’s activities by implementing several mechanisms,
such as:
1. Employee and customer satisfaction survey.
Head of Small Business Division 2. Analysis of the effectiveness of the social
responsibility activities to the community.
3. Assistance by field expert consultants.
Deputy Head of Small Business Division 4. Competency improvement related to sustainable
finance organized by WWF Indonesia, USAID ICED II,
IFC Indonesia and various other parties.
5. Application of the Corporate Guidelines on Banking
Organic Support Group Head Business Credit BUKU I Corporate Segment for
customer credit risk analysis.
6. The KMP Division continuously evaluates the
Partnership Credit Manager effectiveness of environmentally-friendly lifestyles.
Stakeholders Impacted by or Influential to

The Bank’s Activities
BNI has identified stakeholders in every decision making
and formulation of the company’s strategy. BNI maps
stakeholders through identification and assessment by
considering the principles of dependency, responsibility,
tension, influence, diversity, perspectives and proximity.
2020 Annual Report

Corporate Social
Responsibility
Stakeholders and Engagement Approach
Involvement/ Frequency
Stakeholders Identification Base Topic
Communication Methods of Approach
Customers Economic Relations • Call center services • Any time • Security of banking
• Customer satisfaction survey • Once in every transaction
• Website & frontline two years • SME loans
information • As needed • Banking facility and access
• Gathering Agen46 • At least once a • Clear and transparent
year information on banking
products and services
Investors/ Economic, ownership • Performance reporting Quarterly • Financial and non-financial
Shareholders and legal relations • Organizing GMS performance
• Investments in
environmentally friendly
company
Employee Legal & stakeholders • Media Internal (Portal), hotline • Any time • Employee rights
in the achievement of telephone and email • Once a year • Equal employment
company objectives • Employee satisfaction survey opportunity
• Career development
Legal • Valuable and enjoyable work
experience
Employee Union Legal Discussions on Collective Labour Once in every two Employee rights, particularly
Agreement years remuneration & benefit
Government & Financial Legal & • Reporting for compliance and At least once a year • Compliance to laws and
Services Authority OJK Interests notification to Bank Indonesia regulations
• Basel II Accord - Basel • Analysis of environment and
Committee social risks in lending
• Reporting for sharia • Anti Bribery & Corruption
compliance to Dewan Syariah (ABC), Anti Money
Nasional Laundering & Anti Terrorism
• Establishment of Agen46 • Green banking
• Provision of ATMs for the • Inclusive banking
disabled • Sustainable financing
• Preparation of Sustainable
Finance Action Plan (RKAB)
and Sustainability Report
Suppliers Economic & Legal Policy seminar & socialization As needed • Mutually beneficial relations
Relations with suppliers
• Fair & transparent
procurement process for
goods and services
Business Organization Legal & industrial • National & regional meeting Once in every four • Financial performance
interests and activities years • Investments in
• International conferences environmentally friendly
company
• Non-financial performance
• Operational activities
• Business direction
Community Social relations and • Strategic cooperation in social At least once a year • Environmental impact &
Organization/NGO social license welfare performance
• PKBL report • Ongoing & planned CSR
Support the programs
implementation of social • Collaborative opportunities in
responsibility. CSR programs
• Information on Company
Proximity to the activities
company
Media Social relations, social • Press release As needed • Financial & non-financial
license • Media gathering Quarterly performance
• Environmental impact &
performance
• Ongoing & planned CSR
programs
• Collaborative opportunities in
CSR programs
2020 Annual Report

Scope of Good Corporate Social Responsibilities that are Mandatory or Beyond

Mandatory and Programs that Exceed the Minimum Responsibilities
BNI has always been committed to carrying out corporate social responsibility both as an obligation and in excess of
obligations. The details of the activities are as follows:
Activity Regulation
Partnerships and Community • Minister of State-Owned Enterprises (SOE) Regulation No.PER-02 / MBU / 04/2020 dated April 2, 2020,
Development Program concerning the Third Amendment of Minister for State-Owned Enterprises Regulation No.PER-09/
MBU/07/2015 concerning the Partnership Program and Community Development Program of SOE.
• Minister of SOE Regulation No. PER-09/MBU/07/2015 concerning the Partnership Program and the
Environmental Development Program for State-Owned Enterprises.
• Minister of SOE Decree No. SK-03/D7.MBU/12/2018 dated December 10, 2018 concerning Implementation
Guidelines for Fund Distribution of Partnership Programs of State-Owned Enterprises through Special
SOEs.
• Financial Services Authority Regulation No. 51/POJK.03/2017 dated July 18, 2017 concerning the
Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies.
Employment • Law No. 4 of 1997 and PP No. 43 of 1998 concerning the obligation to employ persons with disabilities.
• Decree of the Director General of Industrial Relations Development and Labor Social Security No. KEP.023/
PHIJSK-PK/PKB/II/2018 dated February 7, 2018 concerning Collective Labor Agreement between PT Bank
Negara Indonesia (Persero) Tbk. with the Workers Union of PT Bank Negara Indonesia (Persero) Tbk.
Occupational Safety Law No. 1/1970 and No. 23/1992 on Occupational Safety and Health.
Customer Protection • POJK No. 1/POJK.03/2013 concerning Consumer Protection in the Financial Services Sector
• POJK No. 1/POJK.07/2013 concerning Transparency of Bank Product Information and Use of Customer’s
Personal Data.
Anti Corruption Programs Law No. 20 of 2001 on Amendments to Law Number 31 of 1999 on Eradication of Corruption Crimes.
Anti Fraud Strategy POJK No. 39/POJK.03/2019 dated 19 December 2019 concerning the Implementation of Anti-Fraud Strategy
for Commercial Banks.
The Bank’s social responsibility programs and activities that 10. Has a company mission related to ESG aspects,
exceed the minimum obligations and responsibilities are as namely Mission No. 5 “Increasing Concern and
follows: Responsibility to the Environment and Community”
1. Environmentally-Friendly Lifestyle Policy. and No. 6 “Becoming the implementation reference of
2. “Ayo Menabung Dengan Sampah” Program compliance and good Corporate Governance.”
3. Business Banking Loan of Corporate Segment Book 11. Has a BNI Sustainability Pillar (BNI for Indonesia,
I for customer credit risk analysis that regulates BNI for Customers, BNI for Employees, BNI for the
AMDAL requirements, and compliance with other Community, and BNI for the Environment)
environmental regulations. 12. Provides ATM used by disabilities as many as 3,243
4. Other employment activities include the provision of units throughout Indonesia.
Day Care, Gym Center, Open Working Space Concept, 13. Employs 20 employees with disabilities.
and Lactation Room. 14. Makes Sustainable Finance a mandatory eLearning
5. Other work safety programs include the use of module for Employees.
environmentally-friendly and earthquake-resistant 15. Utilizes online facilities for employee education and
buildings. training, one of which is through the Youtube Channel
6. Career opportunities for local children through the of BNI Corporate University.
Regional Officer Development Program (ODP).
7. Learning for BNI employees through digital learning Target Distribution of Social Responsibility
(BNI smarter) accessed via a smartphone. Fund
8. Use of solar cells at Plaza BNI BSD with a capacity of In 2020, BNI targeted the distribution of funds for the
2,200 watts Partnership Program of Rp155 billion and the Community
9. Become a member of the Indonesia Business Development Program of Rp150 billion, and in 2019 it was
Council for Sustainable Development (IBCSD), Rp125 billion and Rp150 billion, respectively..
the Indonesian Credit Card Association (AKKI),
the Indonesian Payment System Association
(ASPI), the Association of Indonesian Bank Negara
(HIMBARA), the Association of National Commercial
Banks (PERBANAS), Forum Banking Archives
Communication (FKKP).
2020 Annual Report

Corporate Social
Responsibility
Corporate Social Responsibilities

Related to Fair Operations
Policy Abuse of Office and Gratification

All BNI Hi-Movers are prohibited to abuse their authority
The Covid-19 pandemic situation affects many life sectors, and take advantage, either directly or indirectly, of the
from health, economy, to the employment sector. The knowledge obtained from the Bank’s business activities
Covid-19 pandemic has become a new problem faced for 1) Personal benefits, 2) Benefits for family members, 3)
by many countries because this virus has forced many Benefits for other parties.
countries to implement lockdown or work from home
policy to reduce the spread of the virus. In accomplishing In executing the Bank’s policies related to gratification,
the fair banking activities during the Covid-19 pandemic, BNI has formed a Gratification Control Unit placed within
BNI refers to several internal Bank policies including anti- the Compliance Division. BNI Hi-Movers sign an Employee
corruption policies, namely preventing conflicts of interest, Integrity Pact every year, one of the points being as
gratification, and whistleblowing system implementation follows: “Do not give, promise and/or receive rewards
and code of conduct, Customer Protection Policies and in any form to or from fund customers or customers of
Provision of Information/Data/Documents to Outside debtors, vendors, suppliers, partners and/or other parties
Parties, and Policy of Fulfillment of Creditors’ Rights. both external and internal.”
Activity Target Whistleblowing System

In order to realize good corporate governance, BNI runs a
BNI always targets in its annual planning to ensure the Whistleblowing System (WBS). BNI is also committed to
implementation of all policies for fair operating practices. running the company professionally based on corporate
Any violation that occurs will be subject to strict sanctions behavior that is in accordance with the code of ethics and
following the Bank policies and applicable regulations. work culture so that it can improve the effectiveness of the
application of corporate governance.
Activities The Compliance Division in collaboration with the Risk

Management & Anti-Fraud Committee commits to reduce
Preventing Conflict of Interest the number of fraud incidents by making corrective
A conflict of interest is a condition whereby the economic actions. These two functions also actively communicate
interests of companies clash with personal economic with related Divisions/Units to ensure that corrective
interests. BNI Hi-Movers are prohibited from carrying out actions have been implemented. Any violations related
actions that can cause conflicts of interest that can harm to gratification control and anti-fraud strategies will be
BNI’s interests. submitted in the Compliance Report to the Compliance
Director quarterly and submitted to Financial Authority
Prohibition of Giving, Receiving Gifts or (OJK) every semester.
Souvenirs
BNI employees are prohibited from: Besides, Bank also implements an early detection
• Receiving rewards directly or indirectly in any mechanism for the violation that can cause financial
form from any party related to their duties and loss, including things that can damage BNI’s image
responsibilities. implementing through WBS as known as “WBS to
• Collecting illegal payments in any form when carrying CEO” WBS management is carried out in collaboration
out their duties for personal, group or other party with an external party, namely Deloitte. Thus, WBS is
interests. a commitment to creating a clean and integrity work
• Giving, promising or offering gifts directly or indirectly environment in the form of active participation of BNI Hi-
in any form to civil servants or state administrators in Movers to report violations occurring within BNI.
private that are relevant to transactions with BNI.
• Giving gifts, receptions or other facilities to work
partners, colleagues, and customers according to
the prohibitions stipulated in the applicable legal
provisions.
2020 Annual Report

Related to Fair Operations
Policy on Customer Protection and understanding for all employees, customers and business
Provision of Information/Data/Documents partners, including suppliers related to anti-corruption and
to Outside Parties fraud. Internally, the Bank implements anti-corruption and
BNI places customers as one of the most important anti-fraud policies to prevent unethical practices between
stakeholders in improving the performance and employees and all customers and business partners.
sustainability of the Bank’s business. Commitment to Anti-corruption policies are listed in the code of conduct
providing excellent service and protection for customers that must be obeyed by all levels of the organization.
is a top priority. Therefore, BNI will continue to strive to In addition, BNI also implements anti-fraud policies and
protect the interests of all customers and provide the strategies and is one of the Bank’s strong commitments
best in fulfilling POJK No. 1/POJK.07/2013 on Consumer in upholding good and responsible corporate governance
Protection for the Financial Services Sector, POJK No.18/ practices.
POJK.07/2018 on Consumer Complaint Services in the
Financial Services Sector, as well as OJK Circular Letter Through the Compliance Division, BNI continues to realize
No.17/SEOJK.07/2018 on Guidelines for Implementing the principle of no fraud for our banks by implementing
Consumer Complaints Services in the Financial Services anti-fraud strategies and implementing WBS. The anti-fraud
Sector. strategies are implemented through four pillars as stated
in POJK No. 39/POJK.03/2019 on December 19, 2019,
Policy to Fulfill Creditor Rights concerning the Implementation of Anti-Fraud Strategies
BNI applies an honest and transparent information for Commercial Banks, namely prevention, detection,
disclosure system and equal treatment to all creditors investigation, reporting, and sanctions. BNI determines
without discrimination to protect the rights of creditors. corruption as part of the fraud.
This is in line with one of the Governance principles issued
by OJK. BNI always ensures the fulfillment of rights and With the signing of a commitment to gratification control
maintaining creditor trust in the Bank. The bank guarantees between the President Director of BNI and the Chairperson
that the rights of creditors are properly executed, as of the KPK (Corruption Eradication Committee) on October
outlined in the agreement agreed by both parties. As part 17, 2016, BNI is committed to preventing corruption and
of the implementation of creditor rights, the Bank carries gratification practices.
out its obligations as promised in a timely manner and
seeks to avoid delays or negligence that could potentially Compliance Division as the administrator of Gratification
cause harm to both parties. Control and Implementation of Anti Fraud Strategy
has issued Government Regulations (PP) Gratification
Anti-Corruption and Anti-Fraud Policy Control No IN/155/KPN/001 dated March 27, 2018 and
As part of the implementation of other corporate Government Regulations Anti Fraud Strategy No. IN/283/
governance that is very important in ensuring that the KPN/003 dated May 28, 2020. Violation reporting can be
Bank’s operations are reliable, is the implementation of submitted through the Whistleblowing System (WBS)
anti-corruption and anti-fraud. BNI provides knowledge and managed by the Compliance Division, with contact:
a. Phone 021-57853377
b. Email bni-transparan@tipoffs.com.sg
c. Mail BNI Transparan PO BOX 2646/JKP 10026
d. Website http://bni-transparan.tipoffs.com.sg
e. SMS & whatsapp 081-1970-1946
2020 Annual Report

Corporate Social
Responsibility
Relationships with Other Organizations

BNI Hi-Movers can make business contacts with other organizations even though competitors, as long as they provide
benefits for the Bank. However, BNI Hi-Movers refrain from all forms of improper collaboration/alliances with other parties.
Conduct in Competition
BNI Hi-Movers are responsible for creating and maintaining healthy competition in running a business. Therefore, BNI Hi-
Movers always stay away, avoid and prevent unhealthy competitive methods in developing their careers.
IMPACT
In 2020, the impact and output achievements of the Bank’s CSR activities related to fair operation created healthy business
activities, so it maintained the Bank’s operational and financial performance amidst a pandemic condition.
BNI categorizes fraud as corruption. Information regarding the number of proven fraud incidents in 2020 and their
resolutions are as follows:
Number of Cases Conducted

Description Management Permanent Employee Non Permanent Employee
2020 2019 2020 2019 2020 2019
Total incidents of fraud - - 6 Fraud 6 Fraud 2 Fraud

Has been resolved - - 5 Fraud 6 Fraud 2 Fraud
In the settlement process at BNI - - 1 Fraud - -
Internal
The resolution has not been - - - - - -
attempted yet
Has been followed up through a - - - - - -
legal process
Notes:
Deviation/fraud cases with a loss of more than Rp100 million
2020 Annual Report

Corporate Social Responsibility in the
Implementation of Human Rights
Policy Annual Leave

Annual leave activities carry the following provisions:
Human Rights (HAM) is a significant matter to uphold in • Employees are granted annual leave with the following
various aspects of life, including work and labor. The right conditions:
to health is also one of the human rights, based on the a. Managers and above have the right to 18 working
1966 International Covenant on Economic, Social, and days leave.
Cultural Rights. In the Covid-19 pandemic condition, the b. Assistant Managers and below:
fulfillment of human rights at work has become a material i. After working for more than 10 (ten) years,
thing. 18 (eighteen) working days leave.
ii. After working between 5 (five) years up to 10
In the context of human rights, BNI must respect, protect (ten) years, 15 (fifteen) working days leave.
and fulfill human rights. Therefore, in this pandemic iii. Up to 5 (five) years working, 12 (twelve)
condition, Bank is following up with its best efforts. working days leave.
BNI commits to complying with all legal provisions and • Newly appointed employees as permanent
human rights principles, as stated in the Collective Labor employees, annual leave is first given after a working
Agreement (PKB) between BNI and BNI employees. period of at least 6 (six) months continuously from the
date of appointment and is given proportionally.
• Employees who stop working are given leave days
Activity Target and annual travel expenses proportionally.
• Employees on Annual Leave are given an Annual
BNI aims to carry out CSR activities related to human rights Travel Bonus of 1 (one) time Total Cash.
by implementing all human rights principles that have been • Paying attention to the interests of the Company or
mutually agreed upon. Thus, a safe and comfortable work the Employee, annual leave can be taken in several
environment for all BNI employees will be created. parts, one of which must at least 5 (five) working days.
• If a holiday determined by the Government and
a holiday recognized by the Company falls during
Activity employee leave, then that day will not be counted as
part of employee leave.
The Bank’s activities and achievements related to the • The right to annual leave must be carried out in the
promotion of human rights include: year concerned, and if deemed necessary, deferral can
be made for a maximum of 6 (six) months after the
Working Time end of the leave period.
BNI always implements that activities carried out outside
of work hours and outside overtime hours are required to
pay attention to the Work-Life Balance which is further
stipulated in the Staffing Manual.
2020 Annual Report

Corporate Social
Responsibility
• For Officers stationed outside their home base or Religious Observance Leave
place of birth, receive additional time/days over their Fulfilling religious activities is a very basic human right.
due rights for leave, if they return to their home base Therefore, BNI has policies to cover these rights as
or place of birth, under the following provisions: follows:
a. Additional time/days is calculated based on the • BNI provides sufficient time to employees to perform
length of trip taken at most 6 (six) calendar days worship required by their religion or beliefs.
to go to and return to their assignment. • At the request of an employee, BNI grants permission
b. Given 1 (one) time each year. to perform religious journeys based on their religious
c. For AVP position and below. teachings once during their time in BNI for the time
d. Travel time is more than 24 (twenty four) hours by required without reducing the employee’s rights.
land or sea travel. • Provisions to perform religious journeys are further
e. Provisions for implementing annual leave are regulated in the Manpower Guidelines.
further regulated in the Staffing Guidelines.
Paid Leave
Menstrual, Childbirth and Miscarriage Employees have the right to be absent and still receive
Leave wages/salaries without reducing their leave allowance,
BNI highly respects the human rights of its female by submitting a written application letter to their direct
employees, and has implemented a policy for supervisor and as far as possible attaching valid proof
menstruation, childbirth and miscarriage leave with the documents.
following conditions:
• Female employees who suffer pain during BNI also gives the right to permit other needs:
menstruation are not required to work on the first and • Employee marriages are granted 3 (three) working
second days of menstruation, and the employee can days;
take menstruation leave that must be proven with a • Marriages involving a child registered with the
doctor’s certificate. Company, then the employee is given 2 (two) working
• Women who give birth have the right to receive days;
3 (three) calendar months maternity leave while • Birth of a child from a wife registered with the
receiving wages/salaries, and this is taken 1½ (one Company or a wife who has a miscarriage is given 2
half) months before and 1½ (one half) months after (two) working days;
giving birth in accordance with the obstetrician/ • Baptism of children registered with the Company is
midwife certificate submitted by the employees. given 2 (two) working days;
• Maternity leave does not reduce the right to annual • The circumcision of a child registered with the
leave and major leave. Company is given 2 (two) working days;
• Female employees who are pregnant and experience • Welcoming children registered with the Company for
miscarriages and/or abortions on medical grounds, Hindus is given 1 (one) working day;
receive leave in accordance with a certificate from the • Death of a Direct Family member is given 2 (two)
obstetrician/midwife who treats them, for 1½ (one working days;
half) calendar months after the miscarriage/abortion • Death of an employees relative is given 1 (one)
or in accordance with the letter from the obstetrician/ working day;
midwife who cared for them, while still receiving • Death of an employee’s sibling is given 1 (one)
Wages/Salaries. working day.
2020 Annual Report

Corporate Social Responsibility in
the Implementation of Human Rights
For disasters or incidents, such as fire, flood, natural

disasters that cause serious damage to the dwelling place,
and the employee cannot reach their place of work, then
they may be granted a permit for a maximum of 3 (three)
working days, except for force majeure regional or national
disasters that are regulated separately.
Fulfilling the Rights for Persons with

Disabilities
To ensure equal implementation of human rights, BNI has
implemented disability-friendly services based on Financial
Authority Regulation No.1/POJK.07/2013 concerning
Consumer Protection in the Financial Services Sector,
which requires financial service industry players to provide
facilities for people with disabilities. BNI has 3,234 ATMs
used by persons with disabilities. Then, as of December
31, 2020, the Bank has as many as 20 employees with
disabilities serving as BNI call centers and back offices to
ensure the available facilities and infrastructure supporting
the work for employees with disabilities.
IMPACT
The Bank’s CSR activities related to human rights

affected the employee engagement level in providing a
safe and comfortable work environment. The employee
engagement rate in 2020 was 95%, up from the previous
year of 90%. Furthermore, the activities also affected the
decrease in the employee turnover rate by 1.96% or lower
than 2019, which was 4.57%.
2020 Annual Report

Corporate Social
Responsibility

in the Environment
Policy BNI divides eco-friendly lifestyles into 4 (four) main

Financial Services Authority Regulation No. 51/ categories, namely:
POJK.03/2017 which encourages national banks together 1. Natural resource efficiency, being the behavior related
with issuers and public companies to participate in to the use of resources efficiently and responsibly.
accomplishing Sustainable Finance that promotes the 2. Environmental pollution prevention, being the
alignment of the interests of Profit, People and Planet. In mindset and behavior that prioritizes environmental
banking industry, the expected role is project financing sustainability.
policies that have a focus on social and environmental 3. Non-carbon behavior, being the habit of preventing
aspects. BNI is also committed to always strive to carry the release of carbon emissions into the atmosphere,
out commitments that focus on the environmental field in aimed at reducing global warming and climate change.
accordance with the principle of sustainability. This behavior includes prioritizing the use of digital
technology, especially with regard to support for paper
In an effort to achieve good management and waste reductions and energy saving.
environmental protection, BNI has compiled an 4. Environment-friendly collegial relationships, being
Environmentally-Friendly Company Guidelines for all BNI the orientation of friendship activities in the work
people. The legal basis for establishing this company environment to support environmental sustainability
guideline is Law No. 32 of 2009 on Environmental efforts.
Protection and Management, which among others
regulates the obligation for industry to protect nature and In addition, in the case of credit approval, BNI always
the environment. In addition, this guideline is based on the adheres to the applicable internal provisions and always
Republic of Indonesia Presidential Regulation No. 61 of tries to avoid giving credit to projects or businesses
2011 on the National Action Plan for Reducing Greenhouse that can clearly harm the environment. To fulfill this
Gas Emissions (Ran GRK). commitment, BNI currently has a Corporate Guideline
on Banking Business Credit BUKU I Corporate Segment
In addition, BNI also has the Guidelines for Corporate for customer credit risk analysis as a form of reference
Community Development (BL) and Corporate Social towards sustainable finance. The guideline regulates credit
Responsibility (CSR), which are established through BNI requirements, one of which is BNI requires the presence of
Instruction No: IN/576/KMP/001 and takes effect on Environmental Management Efforts (UKL/UPL) documents
October 17, 2018, which is an update to the Temporary and/or Environmental Impact Analysis (AMDAL) and
Company Guideline No. IN/134/KMP/001 dated March 23, compliance with other environmental regulations.
2018. Good management and environmental protection
have become the Company’s commitment in conducting
its business. Activity Target
This was realized by making the Environment one of In 2020, BNI is targeting environmental CSR activities
the main pillars in the Company’s CSR activities. For the by implementing the Company Guidelines for
Company, carrying out environmental CSR activities is a Environmentally-Friendly Lifestyle, Environmental
non-negotiable obligation. This is based on the Company’s Development and CSR as well as Corporate Guideline
awareness that the Environment is the main source of life. on Banking Business Credit BUKU I Corporate Segment
effectively. The company has also targeted to prepare for
These guidelines provide a direction for changing lifestyles the implementation of the BNI 2020 Sustainable Financial
towards environmentally friendly, which includes all Action Plan (RAKB).
attitudes, thoughts, actions within the scope of daily
work by uphold behavior patterns oriented to maintaining
environmental sustainability and the social environment at
BNI, both internally and internally.
2020 Annual Report

Corporate Social Responsibilities in the Environment
Activity
Credit Activities with Social and Environmental Insights

One form of BNI’s interest for environmental preservation is to become a bank that plays a role in providing social and
environmental insight loans. BNI encourages corporate debtors engaged in the palm oil industry to adopt environmentally-
friendly palm plantation management practices. This is done as a form of BNI’s support for Indonesia’s commitment
in developing a sustainable palm oil industry, as well as preventing financial risks that will also impact on social and
environmental aspects. In its lending activities, so far BNI has implemented the Green Banking program. Green Banking
is a concept of activities in a financial institution that always gives priority to environmental sustainability in carrying out its
business practices.
Information on Sustainable Finance

Description 2020 2019
Fund Distribution
a. Renewable Energy Rp3,459 billion Rp4,649 billion
b. Energy Efficiency Rp436 billion Rp238 billion
c. Pollution Prevention and Control Rp226 billion Rp215 billion
d. Management of Biological Resources and Sustainable Land Use Rp20,986 billion Rp20,532 billion
e. Sustainable Water and Wastewater Management Rp142 billion Rp17 billion
f. Activities according to Other KKUB Rp2,302 billion Rp22 billion*
g. UMKM activities Rp104,814 billion Rp113,350 billion
Social Forest Rp21,8 billion Rp40,24 billion
Green Bond USD5 million USD5 million
Total (in Rupiah) Rp132,468 billion Rp139,148 billion
* There is a reclassification
In 2020, BNI conducted a study of certain business BNI has implemented several things in the context of
segments related to the environment and its risks in efforts to save water and energy in all work units in
order to mitigate the risk of financing oil palm plantations. Indonesia as follows:
In addition to focusing to environmental requirements,
BNI also paying attention to the social aspects of palm Energy Savings
oil financing, including mapping plantation areas to 1. Energy Efficiency Implementation
avoid overlapping with surrounding communities and BNI encourages the involvement of all employees
conservation areas. BNI also pays attention to the debtor’s in the environmental care movement because BNI
historical related legal violations. If a violation is found, realizes that the success of environmentally friendly
BNI will verify the related party to minimize the provision programs cannot be separated from employee
of credit to debtors who violate the applicable rules and participation.
regulations. i. Energy Efficiency in BNI Outlets
BNI continues to strive to continue the efficiency
Energy and Water Saving Activity program in order to reduce operational burdens.
BNI is committed to always making savings and managing The program initiation has been carried out since
energy and water. BNI already has an Environmentally- 2016 until now. Network Management Division
Friendly Lifestyle Standard Operation Procedure that through Letter No. JA/2.2/1799 has appealed to
covers policies for saving electricity and water, using each BNI outlet to make (a) Water Savings, (b)
technology to reduce carbon emissions, green lifestyle Savings on Lights, (c) Paper Savings, (d) Savings
(use of public transportation, shuttle cars between BNI on air conditioners.
Buildings and cycling to the Office), and campaigns to
reduce the use of plastic waste.
2020 Annual Report

Corporate Social
Responsibility
ii. Energy Efficiency at BNI Headquarters Paperless Banking Activities through

BNI continues to strive to achieve energy E-Office
efficiency, especially electricity in the Head Office BNI’s strategy in reducing the need for paper use is
by making policies to turn off the lights 1 hour done by adopting the concept of paperless office. This
(12.00 to 13.00), cfm. PFA Division Letter No. concept minimizes the use of paper by converting the
PFA/5.2/1262 dated April 30, 2019. use of printed documents and correspondence to digital
form through correspondence, attendance, BNI e-PP, and
2. Air Conditioning e-billing applications.
i. BNI began to make energy efficiency efforts
using a cooler with magnetic bearing technology. The application of the paperless office concept was
This technology uses a magnetic field as its main adopted through the use of the BNI Forum as the
driving component, thus allowing minimal friction Bank’s operational communication media, ePP as a
between the driving components when working digital repository of company regulations, as well as an
(frictionless); e-office platform innovation that includes BNI internal
ii. Reducing the use of chillers on Saturdays and mailing applications and employee attendance. With the
Sundays by purchasing Variable Refrigerant increasingly digital era, BNI has applied correspondence
Volume/VRV Chillers to support the bank’s applications, documents such as internal notes, memos,
operational activities. attachments, and disposition messages that are distributed
digitally to recipients. The use of the correspondence
3. Use of Solar Energy application has been applied by all Divisions/Units/Units
BNI began to directly utilize solar energy for lighting and all regions in BNI, starting from the Directors to
at Plaza BNI BSD with a capacity of 2,200 watts. The all employees. At present, the number of documents
use of solar energy is expected to improve energy circulating through mailing applications is more than
efficiency in the BNI building. 152,689 document numbers and 497,479 dispositions.
Likewise, the development of electronic attendance
4. Teleconference applications has replaced printed documents such as filing
At present, BNI has limited business trips and for leave, permits, tardiness, employee attendance reports,
replaced them by using video conferencing and and so on, and can also reduce the need for paper use in
teleconferences as a means of communication all BNI operations.
between branch offices, regional offices and head
offices throughout Indonesia. Let’s Save with Waste Program
In order to increase environmental awareness in the
5. Fuel Efficiency Bank’s supply chain, BNI implemented a financial inclusion
i. BNI also applies vehicle sharing system between program with a business model that synergizes financial
office locations, namely shuttle and car pooling. literacy in partnership business governance. One of them
This initiative has an impact on reducing fuel is the synergy of community-based waste management
consumption with BNI Smart products, BNI Student Savings, and
ii. BNI also cooperates with Online Taxi (Grab) Agen46 technology services.
service providers as one of the savings strategies
for vehicle management costs. The ‘Let’s Save With Waste’ program invites people to
use waste as a source of income, which then incorporates
Water Saving their income into the banking system, is an effort that
BNI uses water from the Regional Water Company needs to be done consistently and sustainably. This
(PDAM) and wells to support banking activities. In program is able to provide many benefits, which can
accordance with the location of the company that occupies change the community paradigm that waste has economic
the office area, most of the water consumed is sourced value, practice saving habits through the banking system,
from PDAM water. In addition, Plaza BNI BSD has utilized realize the importance of clean living and teach waste
wastewater treatment technology with a capacity of management and sorting. Throughout 2020, BNI actively
125 m3/day. The processed water is reused for toilet campaigned for healthy lifestyles by managing waste well
flushing, watering plants and cooling towers. In addition, while increasing financial literacy by introducing Agen46
Grha BNI cooperates with a third party, the DKI Jakarta which functions as a garbage bank.
Government’s Waste Water Treatment Agency (IPAL) for
office wastewater management.
2020 Annual Report

BNI has also provided a garbage bank administration Cipendawa, Megamendung Village, Bogor Regency
system that is connected to Agent 46’s banking system. - West Java. The programs included nurseries and
So that the recording of transactions that were previously the construction of infrastructure (maintenance and
done manually is now recorded in the BNI banking system watering equipment, tagging and geotagging, and
and can be done in real time. This system replaces the irrigation system facilities).
manual recording that is more susceptible to human error
and also increases the accountability of the waste bank in In 2020, BNI again collaborated with the Organic
front of each of its customers. Forest Group in planting trees to improve the quality
of the environment continuously. Unlike the previous
Residents who collect rubbish can bring rubbish to the year, the land rehabilitation was carried out in Tajur
Garbage Bank which has become an Agen46, to then Halang Village, Cijeruk District, Bogor Regency - West
be weighed and then converted into Rupiah value. The Java, with 6 (six) hectares area. The programs are
Rupiah value is then directly deposited to the accounts nurseries, plant maintenance, manufacture of water
of each customer using BNI Smart products and BNI installation, training activities, and inventory of trees
Student Savings. In addition to receiving transactions for planted using the geotagging method.
saving money, Agen46 can also provide other transaction
services, such as purchasing electricity, telephone The number of planted seeds was 10,000 seeds
vouchers, and BPJS payments for their respective including Manglid, Cinnamon, Kihiyang, Acacia,
customers. Banyan, Mahogany, and others. The planting method
was still intercropping supported by environmentally-
Implementation of Community friendly organic fertilizers and irrigation channels,
Development and CSR useful in restoring land fertility.
a. Rehabilitation of Organic Forest Land
Critical land is a sign that there has been a decline in To ensure the success of the program, BNI used
soil quality, which is feared to worsen land conditions monitoring procedures by making payments in stages
and reduce the soil productivity level. Improving the following the applicable terms and conditions and
quality of soil or land can be done by afforestation, direct visiting to aid locations, then adjusted to the
reforestation, and agroforestry. reports provided by the Organic Forest Group to BNI.
Realizing this, since 2018, BNI collaborated with the

Organic Forest Group has improved consistently
and sustainably the quality of the environment by
rehabilitating 10 hectares of critical land in Blok S
2020 Annual Report

Corporate Social
Responsibility
b. Support of Javanese Rhino Conservation

The Javanese rhino, part of Indonesia’s biodiversity, has been threatened with extinction. To protect, restore, and
conserve the Javanese rhino in Ujung Kulon National Park (TNUK), Banten, BNI collaborated with 7 (seven) other
BUMNs, namely Bank Mandiri, BTN, Telkom, Pelindo 1, Pegadaian, Jasa Marga, and Angkasa Pura, together with WWF
and Ujung Kulon National Park agreed to work together Several efforts were made, including:
1. Controlling trap crops that caused the scarcity of rhino food,
2. Developing and empowering 5 (five) TNUK buffer villages to introduce sustainable agriculture and educate
residents about the environment
3. Conducting rhino DNA mapping to build a healthy rhino lineage system with good reproductive abilities, and
4. Donating vehicles for patrols.
For the sake of conservation, BNI carried out rhino species conservation activities and community development programs,
with a total of 74 Javanese Rhinos in 2020.
IMPACT
Quantitative Impact of Credit Activities with Social and Environmental Insights

The quantitative impact of the Bank’s contribution to the provision of socially and environmentally sound lending activities,
among others, can be seen from the number of debtors who have been RSPO and/or ISPO certified in 2020 as many as 44
debtors.
Quantitative Impacts of Energy and Water Conservation Activities

Some of the impacts of the efforts to save water and energy by BNI on all work units in Indonesia are as follows:
1. Impact of energy use
Energy Sources Purpose Unit 2020 2019 2018
Energy Consumption in the Company (Head Office)

Electricity Building operations kWH 41,806,992 37,674,580 26,785,745
PDAM Water Building operations m 3
193,833 180,047 242,283
Ground Water Building operations m3 0 0 1,655
Fuel Transportation Rp 878,639,416 1,738,298,666 1,468,171,449
Notes:
* The calculation of electricity is calculated from the total bill divided by the price per kWh of Rp1,115 for B-3 category and Rp1,645 for the special service customer
category.
* The calculation of fuel consumption is calculated from direct purchases.
BNI continued to save energy with various energy efficiency programs, including:
Activities Type
Setting the AC temperature in the range of 23° C - 25° C at BNI Tower, Grha BNI, Gedoeng BNI, and Plaza BNI. Electricity
Reducing the use of chiller on Saturdays and Sundays Electricity
Doing blackout workspace lights during recess (12:00 - 13:00) Electricity
Electricity efficiency through reducing the use of lights at Grha BNI, Plaza BNI, BNI Building, and BNI Tower Electricity
Application of magnetic bearing technology to Plaza BNI coolers to allow minimal friction between driving components Electricity
while working (frictionless).
Installing solar panels with a capacity of 2,200 watts for garden lighting at Plaza BNI Electricity
Limiting business travel and replacing it with direct long-distance communication (teleconference) Fuel
2020 Annual Report

2. The use of Grab for Business as an operational By the end of 2020, “Ayo Menabung Dengan Sampah”
vehicle can provide OPEX efficiency of around program was implemented in Jakarta with more than
15%. 273,626 thousand customers. The total funds raised
reached more than Rp1,930.96 billion.
Impact of Paperless Banking Activities
through E-Office In addition to the number of acquisitions above, “Ayo
Throughout 2020, BNI recorded savings from Paperless Menabung Dengan Sampah” program was included in BNI
Banking activities through the E-Office. Through this RAKB and received the title “FIRST MOVER” and at the
system, employees could report attendance, applied for end of 2020, also received several awards as follows:
paid leave, and wrote other reports. Besides, management 1. Indonesia Green Concern Companies 2020 from SWA
also provided SOPs, billing, and other correspondence Magazine; and
through E-Office. Estimated use of this E-Office: 2. Gold Rating: Asian Sustainability Reporting Award/
• Electronic SOP/BNI e-PP: saving 40,450 pieces of ASRRAT 2020 by NCSR.
paper a year;
• Digitalization of correspondence/BNI e-Office: savings In the future, this program is expected to help Regional
2,138,751 pieces of paper a year; Offices and Branches to conduct account acquisitions and
• BNI e-Billing: paper savings of 13,386,237 pieces of maximize the function of Agen46 on a massive scale in all
paper a year; and regions in Indonesia.
• Envelope e-Billing: savings of 151,376 pieces of paper
a year. Impact of Environmental Development
and CSR
BNI has also developed BNI e-PP in order to realize cost Impact of Critical Land Rehabilitation Programs and
savings in printing and sending documents, as well as Organic Forest Ecosystems
speeding up the updating process at the Bank. This a. Impact on BNI Business:
technology develops systematic policies, guidelines for the • Participating in the Community Development
preparation and updating of SOPs that are presented online Program in the Nature Conservation following
in carrying out business activities and banking operations. Minister of SOE Regulation No.PER-02/
MBU/04/2020 on April 2, 2020.
Type of • Participating and improving BNI’s position and
2020 2019 2018
Document supporting the sustainable development goals
(SDG’s) No. 13, namely Climate Action as an
Memo 89.123 108.389 81.625
effort to reduce the impact of climate change in
Internal
Memorandum 9.470 12.288 9.833 Indonesia and No.15, namely Life on Land by
considering ways of protecting, restoring and
Mail 2 2 4
maintaining the sustainability of ecosystems on
External Letter 54.094 62.975 43.870
land, and managing forests as an effort to stop
Total Documents 152.689 183.654 135.332
land degradation and stop the loss of biodiversity.
Total Disposition 497.479 626.141 553.456
b. Impact on Beneficiaries:
Impact of “Ayo Menabung Dengan • Reducing the amount of degraded land in
Sampah” Program Indonesia
‘Program Ayo Menabung Dengan Sampah’ aims to • Creating a citizen economic movement from
increase community awareness of the environment so that organic farming.
it can reduce waste. In addition, this activity also increased • Involving organic farming groups as the
community knowledge and skills regarding the process of spearhead of reforestation or reforestation in
financial inclusion and could improve financial well-being. the Village of Tajur Halang, Cijeruk District, Kab.
Bogor - West Java.
• Improve public health and reduce unemployment
in the neighborhood around the Megamendung
area, Bogor - West Java.
2020 Annual Report

Corporate Social
Responsibility
Impact of Java Rhino Conservation Support Certification in the Environment

a. Impact on BNI Business: At present, BNI already has a green building, which is
• Participating in the Community Development designed to be environmentally friendly and energy
Program in Nature Conservation by Minister of efficient, namely the BNI Plaza BSD which has received
SOE Regulation No.PER-02/MBU/04/2020 on platinum certification from the Green Building Council
April 2, 2020. Indonesia (GBCI) and BNI Pejompongan Tower, also in
• Participating and improving BNI’s position and the process of obtaining certification gold. In addition,
supporting the sustainable development goals BNI also included several employees in the green building
(SDG’s) No. 15, namely Life on Land, as an effort expert certification held by the Green Building Council
to protect, restore and promote the sustainable Indonesia (GBCI), both for Greenship Associate (GA) and
use of blood ecosystems, manage land, stop, Greenship Professional (GP). This is BNI’s effort in realizing
degrade land, and stop the loss of biodiversity. certified green buildings. In 2020, there were 8 (eight) BNI
employees from the Asset Management and Procurement
b. Impact on Beneficiaries: Division (PFA) and the Network Management Division
• Helping to increase the population of rhinos by 2 (JAL) who received Greenship Professional certification
rhinos. and 10 BNI employees who received Greenship Associate
• Maintaining the balance of the natural ecosystem. (GA) certification.
• Empowerment of communities around Ujung
Kulon National Park. Complaints Mechanism in the
• Fulfilling the basic needs of food and Environment
agricultural products that are healthier and more BNI operates a complaints mechanism through the
environmentally friendly for the Javan Rhino. Corporate Communication and Secretariat Division which
manages Corporate complaints including if there are
complaints related to the environment by the public. Until
the end of 2020, no complaints or reports of violations of
environmental problems have been received and acted
upon.
2020 Annual Report

Corporate Social Responsibility In
Labour, Health, and Work Safety
Policy Then, BNI also has an Emergency Response Plan (ERP)

Employees are a significant asset and a top priority for BNI as a structured plan mechanism to assist each work unit
in carrying out business activities in the banking industry. in dealing with emergency conditions. This mechanism
Employees are at the forefront of providing services to includes compliance with security and safety standards,
customers and all Bank partners. BNI manages its human preventive measures, warnings, instructions and controls,
resource by increasing engagement on several aspects termination of a business process, and evacuation.
based on Human Capital Architecture (HC Architecture).
Therefore, to support the Bank’s performance, BNI
continues to implement policies that comply with all Activity Target
applicable laws and regulations, including in the areas
of labour, health and work safety to improve the Bank’s The Bank’s targets in implementing CSR in employment,
productivity and quality of life of the employees. occupational health, and safety include running work
programs that lead to employee health by adapting to new
Facing the Covid-19 pandemic condition in the labor sector, habits and implementing strict health protocols. BNI has
BNI takes the initiative to take Covid-19 prevention to implemented work system adjustments that aim to reduce
protect employee health and remain productive by adapting the spread of Covid-19 and provided maximum protection
to new habits. Therefore, BNI pays attention and commits to employees, their families, and even customers from the
to providing a healthy, feasible, safe, and comfortable work possibility of being exposed to global pandemic Covid-19.
environment and facilities and infrastructure for employees
to actualize their potential. Besides, BNI also strives to create a safe and comfortable
work environment to support the optimal BNI performance.
BNI also plays an active role in improving the performance Therefore, BNI is determined to create a healthy and injury-
and competence of its employees. BNI also carries out free work environment and conducts operational activities
aspects of governance related to employment involving following applicable regulations. The Bank also provides
gender equality, job opportunities, job training for employee several activities for employees to generate awareness
professionalism. BNI also carries out a remuneration and motivation in maintaining health. Therefore, each
system that is commensurate with occupational health and employee can increase productivity and welfare.
safety for all employees.
BNI also has a policy to provide a safe and comfortable Employment

work environment. The Internal policy related to
Occupational Safety and Health (K3) can be seen through Employment Activities
the Crisis Management Team. Facing this pandemic, BNI
continues to adapt itself to become an agile organization, Friendly Working Environment for Women
so BNI can continue to strive for maximum performance. As an important asset for the Bank in carrying out business
BNI formes the Crisis Management Team with full activities, BNI is committed to implementing good labor
involvement and supervision from the senior management practices. BNI guarantees that all employees will always be
team consisting of the Executive Management Team treated equally irrespective of gender, and this is prioritized
(EMT), Business Continuity Coordinator (BCCo), Support in its human resource management policy.
Team, Critical Business Units/Work Units, and BCM
Coordinator Functions. The Crisis Management Team is
expected to mitigate quickly and anticipate developments
even in the coming year.
2020 Annual Report

Corporate Social
Responsibility
The majority of employees are women making up Industrial Relations as a system of healthy and constructive
51.8% of the total workforce. Taking this composition working relationships between employees, the Bank, and
into consideration, BNI provides facilities for female the government.
employees, among others, by providing daycare to leave
the child while the mother is working and lactation space BNI acknowledges that the Workers Union is the legal
for nursing mothers. representative for members, both individually and
collectively in employment. BNI always consults with the
Work Equality Worker Unions in determining policies in employment
BNI conducts employment activities with policies that related to work conditions and the welfare of Workers/
guarantee that all employees will be treated equally Employees, namely the BNI Workers Union (SPBNI).
without considering gender.
Management and Employees represented by the Workers
Human resource management in BNI has been based on Union agree on a Collective Labor Agreement (PKB) for
competence, so that BNI guarantees that all employees the 2020 period. It shows that the communication process
get equal opportunities in career development. developed jointly between Management and the Workers
Union can produce positive products for the Company
Through BNI Corporate University, the Bank gives each progress in the future. The Collective Labor Agreement is
employee the opportunity to learn and obtain applicable expected to create increasingly solid teamwork, provides
knowledge, as well as provide opportunities to grow the best contribution to the Bank, and support the
through good performance and contribute significantly to improvement of the Indonesian economy, especially in the
the achievement of the Bank’s business performance. The banking sector.
overall competency development program conducted by
BNI Corporate University is determined by the needs of Remuneration
the Bank and employees by taking into account gender Remuneration is the compensation stipulated and given
equality and equality of opportunity to all levels of the to members of the Board of Directors, members of the
organization Board of Commissioners and/or Employees, whether
permanent or variable in cash or non-cash in accordance
Freedom of Association with their duties, authority and responsibilities. BNI always
The Bank is difficult to achieve business progress without ensures that the remuneration system implemented is in
a harmonious working relationship between management, accordance with applicable regulations and is competitive
employees, and labor unions. Therefore, the Bank is in accordance with the banking industry. The highest and
committed to building and maintaining harmonious lowest salary ratios during 2020 are as follows:
Highest and Lowest Salary Ratio

Description Ratio
Highest and lowest employee salaries 35.16 : 1

Highest and lowest Directors Salaries 1.18 : 1
Highest and lowest Commissioner salary 1.11 : 1
Highest Directors Salary and Highest Employees Salary 2.60 : 1
Work Opportunities for People with Disabilities

The government has issued a number of rules regarding disability, including Law No. 4 of 1997 concerning the obligation
to employ persons with disabilities and PP No. 43 of 1998 in order to realize equal rights and employment opportunities for
people with disabilities and to improve welfare for people with disabilities. In line with these regulations, BNI does not look
at gender, age, ethnicity, religion, race or other discriminatory backgrounds. BNI contributes and takes a role by opening
employment opportunities for people with disabilities.
2020 Annual Report

In Labour, Health, and Work Safety
BNI opens the opportunity for the best candidates for The Bank provides extra food, transportation, etc., so
people with disabilities to work. In 2020, there were 20 employees can maintain their health, and productivity
employees with disabilities. In the coming year, the Bank during the pandemic.
plans to increase opportunities for people with disabilities
to join BNI in line with the preparation of work support Employment Complaints Mechanism
infrastructure for employees with special needs. As form of awareness towards the Bank’s employment,
BNI also has a mechanism for employee complaints
Pension Programs through the Human Capital (HCT) division. The mechanism
To maintain employee welfare during retirement, BNI for handling employee complaints is as follows:
includes employees in the Pension Program which is 1. Employees submit complaints to their direct superior,
divided into: to settled by deliberation.
1. Defined Benefit Pension Program (PPMP) provided for 2. In the event that no resolution is reached, the problem
all employees who start working before 1 September can be escalated to the higher rank.
2005. 3. If it has not been resolved, the employee can submit
2. The Defined Contribution Pension Program (PPIP) is the problem to the Trade Union Managers who
a pension program for employees who start working subsequently jointly discuss it with the Chairperson in
after September 1, 2005. stages.
4. Employees, Leaders and Trade Unions seek resolution
Employee Welfare Activities so that industrial disputes do not arise.
The welfare of all employees is a matter of great concern
to create synergy between employees and the Bank Impact of Employment Activities
in creating optimal work productivity. Under normal Various Bank programs and activities in the field of
conditions, the Bank provides employee welfare programs employment throughout 2019 were able to have a positive
in both material and non-material forms. The material influence. Among them can be seen through the level of
program, a welfare program, is directly related to employee employee turnover and employee engagement levels as
performance and compensation can be provided in the follows:
form of transportation allowance, food allowance, pension
money, holiday allowances, office money, bonuses, Employee Turnover
education money, medical expenses, official clothes, The employee turnover rate in 2020 was 1.96% or
leave money, and death money. Meanwhile, non-material decreased from 2019 by 4.57%. This decrease in turnover
programs are employee welfare programs through the was the result of the implementation of HR management
provision of facilities and services to all Bank employees policies that have implemented in 2020.
without discrimination.
Employee Engagement
Apart from these two things, the Bank also routinely BNI regularly measures the level of employee engagement
carries out activities to maintain employee engagement through the Employee Engagement Survey (EES). The
levels, including at 95%. To create an atmosphere that results of this survey are used as feedback in the process
makes employees productive, the Bank builds good of evaluating the human resource management system
communication and relationships among employees, both to be able to establish policies following the employee’s
in daily work activities and other collective events. Because aspirations. In 2020, the employee engagement rate was
more than half of the Bank’s employees are millennial age, 95%, an increase of 5% compared to the 2019 results of
the Bank provides various facilities and workspaces that 90%.
are more modern according to the tastes of millennials.
Furthermore, the Bank provides a variety of training,
and education in collaboration with various best national
and international campuses to improve the employee’s
competence. The Bank also has provided various programs
to appreciate employees, including salaries, bonuses,
various other allowance facilities, and special appreciation
programs.
2020 Annual Report

Corporate Social
Responsibility
Occupational Health and Safety BNI has set three adjustments to the work system,
which are Split Operation, Shift Operations, and Work
Provision of Medical Facilities for From Home. Split and Shift Operations is implemented
Employee for functions related to operations and banking services.
BNI pays attention to employee health through the Meanwhile, other positions are applied for the Work From
provision of a number of facilities, both to maintain Home system. This system is only applied to areas that
health and for treatment. Every year, employees get a have been designated as areas with high-risk conditions.
medical checkup facility that can be arranged as needed Then, for employees who work from the office, the Bank
through the flexible benefit application. Gym center provides masks and vitamin supplements that can maintain
which is equipped with various fitness equipment and the body’s resistance to viruses. This step is expected to
various classes with reliable instructors can be utilized by help reduce the rate of spread of the Coronavirus or known
employees. For treatment, BNI provides insurance facilities as Covid-19 in its distribution centers.
which include, among others, BPJS, BPJS Employment,
and other private insurance. The decision to adjust the work system is a form of BNI’s
compliance with government policies to prevent the
BNI also has a Retirement Health Fund Program (DKMP) spread of Covid-19. This Work From Home policy is also in
that is provided to employees entering retirement. The line with Government directives. This step is expected to
DKMP program is a form of the Bank’s moral obligation optimize the efforts of employees to maintain the health
to ensure that employees continue to get health facilities of their closest people at home while providing maximum
after retirement by preparing them from now or when they protection from the potential for contracting Covid-19 while
are still active as employees. BNI also organizes training interacting with the community while working or traveling
specifically aimed at employees who will enter the pre- to and from work.
service period. This training aims to prepare employees
who will enter retirement age by providing material on Healthy Lifestyle BNI Hi-Mover Program
health, finance, and psychology. 2020 has been a very tough year for everyone. Starting
with the Covid-19 outbreak which turned into a global
Employee Health Facilities Related to disaster, then it hit the economy because everyone’s
Covid-19 productive activities were reduced to suppress the
The Bank implements work system adjustments that acceleration of the spread of the virus. The situation
aim to reduce the spread of Covid-19. This action is a was very pressing and quite tough for the people, daily
step taken by BNI to provide maximum protection to workers, such as motorcycle taxi drivers and online taxis,
employees, families, and even customers from the because of the decline in income sources. This outbreak
possibility of being exposed to the global pandemic has become a tough test for medical personnel who at all
Covid-19. times need protection from viruses.
2020 Annual Report

In Labour, Health, and Work Safety
BNI employees or commonly called BNI Hi-Movers jointly PTO is BNI’s effort to create a decent and safe work
mobilize #AntarkanSangat program action. Through environment for all employees.
#AntarkanSangat program, BNI Hi-Movers invites fellow
employees and the community to deliver enthusiasm for The PTO is more focused on the readiness for building
those in need by donating in the form of medical devices, safety equipment and facilities, the implementation
necessities, or anything else for use as a shipping service. of saving human lives, and training for employees and
emergency response teams. In 2020, several activities
BNI Hi-Movers will share their donation activities with the carried out by the Bank related to work safety are as
hashtag #AntarkanSangat and invite at least two friends follows:
via social media. In addition to helping taxi and motorcycle 1. Inspected/checked the building fire protection
taxi drivers online as a delivery service, donations can be equipment regularly to ensure that the fire protection
channeled by continuing to carry out Physical Distancing equipment could function properly. Checked for
and adhere to health protocols for a healthier lifestyle. Light Fire Extinguishers (APARs) were carried out by
Security Officers every 1 (one) month, meanwhile,
Occupational Safety Activities for inspections of Systematic Fire Extinguishers (APATs)
Employees and Fire Alarms were carried out by building managers
The work environment is one of the important factors for in collaboration with the Fire Service carried out every
employees to be able to carry out their work comfortably. 1 (one ) once a year.
The safety of the work environment is a factor to be
considered by BNI. This was realized through the 2. Standardized the specifications, placing building safety
construction of earthquake-resistant buildings, fire alarm devices and evacuation routes put in the building
systems such as Smoke Detector, tools to anticipate fires emergency response manual, and office building
such as APAR, Diesel Pump and Emergency Stairs. BNI renovation standards compiled together with planning
also has a fire situation/evacuation plan, laying out fire consultants reviewed every 1 (one) year or as needed.
safety operational procedures in the employees’ room and
every floor of the building so that all employees are well 3. Delivered emergency information to employees,
educated. All these facilities are regularly audited in the guests, and the building emergency response team
building safety audit process. through the installation of signs for evacuation routes
in a fire/earthquake emergency, video screening of
Implementation of K3 emergency handling procedures on internal television
media, safety briefings before conducting events, and
Implementation of Building Emergency socializing functions and the role of the emergency
Socialization response team which is carried out every 1 (one) year
BNI has a Building Operational Technical Guideline (PTO) by inviting speakers from the Fire Department.
as a guideline/guide in maintaining the safety and mental
safety of all employees in the work environment. The The implementation of activities related to Employee
Safety can be seen in the following table:
Type of Activity Activity Target Participants
Emergency Socialization Once a year Appointed employees as emergency response team

Simulation of Building Emergency Evacuation Once a year All employees/teams and the Building Management Team.
Fire Fighting Exercises Once in 6 months Appointed employees as the emergency response team and the
Building Management Team.
Internal of Emergency Response Team Training Once in 6 months Emergency Response Team
The Bank also routinely carried out the Socialization of Building Emergency both at the Head Office and at Regional, Area
and Branch Offices. The implementation of the Building Emergency Socialization can be seen in the following table:
2020 Annual Report

Corporate Social
Responsibility
Office Building Location Socialization Time Frame Participants
Gedoeng BNI - Kota Simulation of Simultaneous Disaster Evaluation Thursday, April 26, 2019 200 persons
Plaza BNI - BSD Dissemination & Handling of Emergency Conditions Monday, August 31, 2020 12 persons
in Buildings
4. Conduct training on emergency response readiness for building occupants, the Building Emergency Response Team
and the ERP Team, including fire fighting training, basic life support training (P3K), first responder (search and rescue)
training which is conducted at least once a year.
Details of the implementation of the Emergency Response Team Training activities can be seen in the following table:
Type of Training Location/Building Time Frame Participants
Training on Building & First Aid Fire Management Grha BNI - Sudirman Sunday, December 6, 2020 170 persons
Fire Fighting Exercise using APAR & Hydrant Pillar Grha BNI - Sudirman Sunday, December 6, 2020 145 persons
Internal Simulation of Building Fire Emergency Grha BNI – Sudirman Saturday, November 14, 2020 100 persons
Response Team Plaza BNI - BSD
Internal Simulation of Building Fire Emergency Menara BNI – Pejompongan Sunday, November 15, 2020 130 persons
Response Team Gedoeng BNI – Kota
DDC BNI - Slipi
5. Conducting a building fire emergency evacuation simulation for building occupants to measure the preparedness of the
Emergency Response Team and measure the length of time to evacuate from the building location to the gathering
point. The implementation of this simulation is carried out every 1 (one) year which is also attended by the Fire
Department.
The Bank also routinely implements Building Fire Emergency Evacuation Simulations both at the Head Office and
Regional Offices and Branch Offices. Details regarding the implementation of the Building Fire Emergency Evacuation
Simulation activities can be seen in the following table:
Location/Building Time Frame Participants
Grha BNI - Sudirman Saturday, December 19, 2020 65 persons

Menara BNI - Pejompongan Thursday, December 31, 2020 96 persons
Plaza BNI - BSD Sunday, December 27, 2020 90 persons
Gedoeng BNI - Kota Saturday, December19, 2020 50 persons
DDC BNI - Slipi Thursday, December 31, 2020 36 persons
Certification
Regarding workforce safety learning, BNI has included employees in the training certification “Guidance and Certification
of General Occupational Safety and Health Experts (AK3U)” organized by BPJS Health in collaboration with PT Surveyor
Indonesia (Persero) and the Ministry of Manpower and Transmigration of the Republic of Indonesia.
Quantitative Impact of Employee Health Facility Activities

The quantitative impact of providing health facilities for employees can be seen in the employees’ productivity level as
measured by the Earning per Employee (EPE) indicator. In 2020, BNI could maintain the employees’ productivity level of
Rp101 million per employee.
Impact of Employee Safety Activities

In 2020, the impact of the Bank’s efforts in paying attention to employee safety was evident in the absence of work
accident records (zero accidents) in BNI’s operational activities at the Head Office and at Branch/Regional Offices. The
implementation of work safety carried out by the Bank has been running effectively.
2020 Annual Report

Corporate Social Responsibility to
Consumers/Customers
Policy Activity
Quality service is a key to success for a banking company. ATM for Disabled People
Therefore, BNI continues to strengthen its commitment BNI has 3,234 ATMs that can be used by persons with
to service excellence and customer satisfaction. Quality disabilities. This ATM has several facilities that are friendly
services in the banking sector are key in maintaining to persons with disabilities, including the access road to
customer loyalty and the sustainability of the Bank’s the ATM gallery that is convenient for wheelchair users,
business. In order to understand the needs of customers automatic entrance, the floor under the ATM machine
with the best service, BNI carries out every internal policy uses an iron floor so it is not slippery when wheelchair
to provide the best financial products and/or services in a users pass it, and ATM machines that are lower than ATM
professional manner to all customers. machines in general. These specifications are used to
facilitate wheelchair users.
During the Covid-19 pandemic, BNI consistently strived
to understand customer needs by providing the best ATM machines with disabilities are placed in hospitals,
and professional service by always implementing health Branch Offices and Office Buildings. Features developed
protocols. BNI immediately adjusted the conditions for are “inquiry” and “withdrawal” with the “fast cash” menu.
Covid-19 by providing and conveying information to The provision of this special ATM is part of BNI’s efforts
customers regarding banking products and/or services to support the existence of persons with disabilities in
regarding adjustments to banking activities. BNI ensures conducting banking transactions at ATMs.
that the information submitted to customers can be
received accurately, honestly, clearly and not misleadingly. Product Security
Then, BNI also provides a written summary of product and/ BNI has reviewed its products and evaluated its safety by
or service information regarding descriptions, benefits, passing a Post Implementation Review (PIR) conducted
risks, costs of products and/or services, as well as terms by the Compliance Division, the Bank’s Risk Management
and conditions. Division and the Technology Division. If the results of the
PIR meet operational, technological and risk sides, the
product description is conveyed to Bank Indonesia and the
Target Activities Financial Services Authority to obtain approval before being
released to the general public.
BNI through its CSR activities towards consumers/
customers is always committed to fulfilling customer
satisfaction, one of which is by handling complaints or Impact of Social Responsibility
complaints that are resolved in accordance with the Activities Related to Customers
Standard Level Agreement. In addition, in the midst of
the Covid-19 condition, BNI strives to provide maximum BNI noted that the CSR activities of the Bank related to
service in the midst of Covid-19 by always implementing the responsibility to customers are going well, especially
standard health protocols so that customers can the handling and resolution of customer complaints that
comfortably transact at BNI. had been carried out effectively. This is shown through
the Customer Satisfaction Survey (CSS) survey conducted
regularly by BNI. Acquisition of CSS Bank numbers
reached 4.05 from the target set of 3 which means very
good.
While ATM Disability has recorded the number of

transactions in the last three years as follows:
2020 Annual Report

Corporate Social
Responsibility
Description 2020 2019 2018
Average Disability ATM Transactions 17,431,100 6,399 6,532
Procedure for Reporting and Settlement of Customer Complaints
Submission Media
The Bank always strive to provide the best services, including through settlement of every customer complaint, both
regarding the banking services and credit cards, through BNI Contact Center, which is one of BNI’s front lines in providing
services for BNI customers. BNI provides customers with convenient access to complaints services with a variety of media
choices, both verbally and in writing.
Verbal complaints can be made by contacting the Call Center by contacting 1500046 or the customer can go to the nearest
BNI branch. Then, for written complaints, customers can visit the BNI website www.bni.co.id, send e-mails to bnicall@
bni.co.id, fax (021) 25541203, submit complaints through BNI social media, such as Twitter @bni , Facebook: BNI, and
Instagram @ bni46, and BNI also keeps coming to the nearest BNI branch.
The BNI Contact Center is supported by an integrated Online Request Management complaint handling application so that
the activity of receiving and resolving customer complaints can be carried out on the application as well as making it easier
to monitor the status of customer complaint resolution.
BNI Customer Complaint Submission Media
Customer Contact Customer Visiting

Verbal BNI Call 1500046 Nearest BNI’ Branch
Customer Visiting Customer Sending Customer Visiting

www.bni.co.id on sub e-mail to bnicall@bni.co.id Nearest BNI’ Branch
menu Hubungi Kami or fax. (021)25541203
Customers submit complaints through
Written social media, such as Twitter: @bni,
Facebook: bni,
Instagram: @bni46
2020 Annual Report

Corporate Social Responsibility to Consumers/Customers
Customer Complaint Mechanisms and Facilities
Submission and Settlement Completion
Filing complaints
Registers the complaint
Customers BNI Officer
B014
Provide a receipt or Delivers complaint Delivers extension Delivers complaint

registration number settlement result * of time notice ** settlement result
• BNI strives to settle verbal complaints within a maximum of 5 working days and written complaints
within a maximum of 20 working days.
• If supporting documents are needed for customer complaints submitted verbally, then BNI will ask the
customer to submit a complaint in writing.
• If there is a lack of documents, the customer can submit the missing documents within a maximum of 20
working days.
• Under certain conditions, the document requirement and complaint settlement can be extended for a
further 20 working days
*) Effective as of March 2019
BNI provides information on the resolution of customer according to POJK Number 1/POJK.07/2013 and updated
complaints by means of telephone, email, letter or short through POJK Number 18/POJK.07/2018 concerning
message service (SMS). This is in accordance with the Consumer Complaint Services in the Sector Financial
OJK Circular (SE OJK) No. 2/SEOJK.07/2014 and updated Services.
through OJK Circular (SE OJK) No. 17/SEOJK.07/2018,
Solutions for the resolution of customer complaints The time extension for complaint resolution is notified in
submitted orally are carried out within a maximum of 5 writing to the customer. Regarding customer satisfaction,
(five) working days *) and written complaints within a the Bank always strives to ensure the security of every
maximum of 20 (twenty) working days. If a supporting product and feature offered/launched to consumers. If the
document is required for a customer complaint submitted customer feels that the settlement solution provided by
orally, BNI will ask the customer to submit a written BNI does not meet expectations, then the customer can
complaint. In certain conditions, the fulfillment of continue the complaint resolution process through the
document completeness and settlement of complaints Alternative Dispute Resolution Agency which is listed in
can be extended within the next 20 (twenty) working days the List of Alternative Dispute Resolution Agencies set by
2020 Annual Report

Corporate Social
Responsibility
BNI Contact Center supports BNI Smart Kiosk through BNI Contact Center plays an active role as a point of
Video Contact Center service for opening accounts through contact for BNI customers in conveying voice of customers
Digital Branch, as well as managing BNI Social Media by providing various insights to business units in improving
for various requests for information and complaints so superior products, features and services to customers,
that BNI Contact Center serves all customer contacts among others by providing feedback to business/product
through non-branch channels. In line with the spirit of owners regarding customer complaints; monitoring the
“BNItuDigital” and to always provide the best service to Service Level Agreement (SLA) for complaint resolution;
customers, BNI Contact Center launched the BNI Call adjustments to internal regulations if there are changes
Application service, which is the first banking Contact in legislation as well as refinement of online request
Center application in Indonesia based on Artificial management customer complaint handling applications.
Intelligence (AI) equipped with Voice Command features
(voice commands) and Natural Language Processing
(NLP). The BNI Call application provides convenience
for customers and non-customers, both Android and
iOS users, to obtain various BNI product and service
information as well as the latest general information
required. By using the BNI Call application, customers
and non-customers will also be given the convenience
of obtaining various information and services from BNI
Call officers via chat. The BNI Call application provides
new experiences and adds alternative channels so that
customers are given various choices with easy and
convenient access that can increase customer satisfaction
with the BNI Call 1500046 service.
2020 Annual Report

Corporate Social Responsibilities in the
Sector of Social Community Development
POLICY the SOE’s program for small business development and

empowerment of community, BNI will conduct Partnership
BNI has the commitment and policy in implementing the and Community Development Program activities in various
Bank’s CSR programs and activities in social community regions of Indonesia based on the prevailing rules and
development held based on the Partnership and regulations.
Community Development Program (PKBL) mechanism.
The provisions for the implementation of the PKBL are BNI Partnership and Community Development Program in
regulated under a State Minister of SOE Regulation, 2020 is as follows:
among others Regulation of the Minister of State-Owned
Enterprises (BUMN) No. PER-08/MBU/2013 dated a. Partnership Program
10 September 2013 concerning the SOE Partnership To improve the capability of small businesses in order
Program with Small Businesses and the Community to become resilient and independent, the strategy
Development Program, Minister of SOE Regulation No. undertaken in 2020 is by organizing partnership
PER-09/MBU/07/2015, dated 3 July 2015 concerning the programs aiming to improve the capabilities of micro
SOE Partnership Program with Small Businesses and and small business entrepreneurs. The 2020 work
the Community Development Program, Minister of State plans are as follows:
Owned Enterprises Regulation No. PER-03/MBU/12/2016 1) Focus on distribution in a clustering manner
dated 16 December 2016 concerning Amendment to by establishing synergies with BUMN/BUMD/
SOE Ministerial Regulation No. PER-09/MBU/07/2015, Regional Governments that manage fostered
Regulation of the Minister of State-Owned Enterprises partners in the form of MSME actors.
of the Republic of Indonesia No. PER-02/MBU/7/2017 2) Collaborating with Community Empowerment
dated July 5, 2017 concerning the Second Amendment Institutions (LPM) that foster MSME actors.
to Regulation of the Minister of State-Owned Enterprises
of the Republic of Indonesia No. PER-09/MBU/07/2015.
The Minister of SOE Regulation No.PER-02/MBU/04/2020, b. Community Development
on April 2, 2020, concerning the Third Amendment to the To support the empowerment program for community
Minister of SOE Regulation No.PER-09/MBU/07/2015, social conditions by BUMN, the Community
regarding the Partnership Program and the Environmental Development work program for 2020 is as follows:
Development Program of State-Owned Enterprises. 1) Distribution of environmental development funds
following the provisions.
The bank also refers to Minister of SOE Decree No. SK-03/ 2) Cooperating with professional and competent
D7.MBU/12/2018 dated December 10, 2018 concerning partners to organize community empowerment
the Guidelines for the Implementation for Distribution of programs.
Fund for Partnership Programs of State-Owned Enterprises 3) Cooperating with community development) to
through Special SOEs. improve the quality of the program.
4) Increasing the capacity and capability of the
Foster Partners through the provision of
Target of the Activities education, training, apprenticeship, marketing,
and other forms of assistance.
BNI, as a state-owned company, has a role and
responsibility in empowering and prospering the In addition, the Bank also distributed Community
community, thereby encouraging social economic Development funds in handling Covid-19. The 2020
growth, this has been carried out by BNI through disbursement target for the Partnership Program is
partnership programs with the community and community Rp155 billion. Meanwhile, the target for the distribution
development. The Covid-19 pandemic that is currently of Community Development program funds for 2020 is
occurring has an impact on the people’s lives, this has Rp150 billion.
become a challenge for BNI to play a more active role
in community development as manifested in the CSR
and Community Development programs. To support
2020 Annual Report

Corporate Social
Responsibility
Activity products for the public through Agen46. To date, BNI have
coached 8,998.
Partnership Program
The Partnership Program in BNI has been carried out by SmartFarming 4.0
the Small Business Division since 2017. BNI channeled BNI supports the Movement Towards Agriculture 4.0
the donation for Partnership Program in the form of soft which was held in Garut Regency, West Java since
loans to fostered partners by only charging administrative October 2019. Not only in Garut Regency, this support
services at 3% per year from the loan limit, which was has also been implemented in West Pasaman Regency,
distributed in the form of: Sukabumi Regency, Situbondo Regency, Karanganyar
1. Loans to finance working capital and or purchase of Regency, and Dairi Regency. The total number of farmers
fixed assets in order to increase production and sales; who participated in this activity was 2,465 people.
2. Special loans to finance the business activities of
fostered partners in the form of additional and short- In the Movement Towards Agriculture 4.0, BNI also
term loans, for the purpose of fulfilling orders from collaborated with several BUMNs, the Ministry of
their customers; Agriculture, Perhutani, KLHK, and PT Mitra Desa Bersama
3. Development Program Expenses: Intan (MDBI), a Village-Owned Enterprise (BUMDes) in the
a. To finance education, training, apprenticeship, Kedungmoro and Banyuresmi Areas. The collaboration was
marketing, promotion, and other activities related held to realize the formation of agricultural corporations
to increase the productivity of the fostered expected to improve the quality of agriculture. BNI
partners and for conducting the assessments/ provided assistance totaling Rp6.3 billion for factory
research related to the Partnership Program; construction, machinery procurement, construction, and
b. Development program expenses in the form supervision of the Rice Milling Unit (RMU) Warehouse.
of grants with a maximum amount of 20% of
the Partnership Program funds disbursed in the The assistance programs provided by BNI are very diverse,
current year; one of which is banking access. BNI provides easy banking
c. Development Program expenses can only access for farmers. Concerning agricultural digitization,
be given to or for the benefit of the fostered BNI provides precision agriculture assistance and the
partners. application of digital technology that is easy for farmers
to use in cultivating various kinds of plants. Considering
BNI’s fostered partners are micro entrepreneurs who the climate risk in agriculture, to mitigate decreased
technically are not familiar with banking due to their limited productivity due to potential flooding and drought, BNI
access to receive loans from banks. The micro business assists in the form of 9 (nine) RITX Soil & Weather Sensor
entrepreneurs operating in various formal and informal tools. These digital sensors are useful for farmers to
economic sectors, but have a strategic role in the real monitor soil and weather conditions in real-time, thus
sector economy and it is proven that the micro segment is farmers can take preventive action to deal with crop failure
relatively more resistant to economic crises. BNI fostered events.
partners are expected to increase business activities,
venture capital, entrepreneurial spirit, access to banking, Community Development Program
business administration, product quality and marketing In 2020, BNI divided its Environmental CSR activities into 3
reach. (three) main programs, namely:
1. BNI Initiation Is an activity based on BNI thematic
Badan Usaha Milik Desa (BUMDES) initiatives related to the SDGs and BNI’s vision and
BNI performs coaching to Badan Usaha Milik Desa mission. BNI Initiation is also based on developing
(Village-Owned Enterprises/BUMDes) in rural villages as national issues that have a widespread impact on
a manifestation of serving the country throughout the society.
archipelago. Coaching is provided in the form of stimulus
for possible startup businesses in cooperation with
BNI, such as BUMDes acting as referral agent and KUR
collection and BUMDes could engage in providing banking
2020 Annual Report

Corporate Social Responsibilities in
the Sector of Social Community Development
2. Supporting the community and other stakeholders KAWAN (Children Tourism Area)
is an activity based on the community and other The tourism industry based on local community
stakeholders’ initiation. management is one of the solutions to equal distribution
3. National Support is an activity based on the and increase in community income. Therefore, BNI assists
government initiation as the primary stakeholder and in the development of the tourism economy, especially
other stakeholders. potential tourist destination villages. In 2020, 4 tourist
destinations received assistance with a value of Rp1.54
The Bank’s CSR program, namely: billion, namely:
Balkondes (Balai Ekonomi Desa) 1. Lumbanbulbul Beach - Balige - Toba
Balkondes is a form of synergy between the Ministry of 2. Terong Tourism Village - Belitung Island
SOE and other several BUMNs involving BNI to help the 3. Waha Tourism Village - Wakatobi
village economy through empowerment programs and 4. Ngadisari Tourism Village - Bromo
the development of tourism-based human resources.
Amid the Covid-19 pandemic, BNI continued to assist the The Tourism Village Assistance Program involved 36 heads
people in Wanurejo Village by providing excellent service of families and built/renovated 36 houses.
development and training during the Covid-19 pandemic.
“KAWAN” program provided by BNI is community
The training aims are to ensure Balkondes administrators empowerment as a form of BNI’s support in developing
continue to provide the best service to visitors which Indonesia’s tourism potential. BNI assists tourism-
is expected to have an impact on the economy of the conscious communities/groups (Pokdarwis) living in
community that continuously run. During the Covid-19 villages/tourist areas in 2 (two) forms of programs, the
pandemic, the people of Wanurejo village not only rely on Homestay Renovation Program and the Human Resources
tourism potential but also rely on the handicraft products Assistance Program.
development that give an economic impact on the people.
Providing training to the people of Wanurejo village through The Covid-19 pandemic occurred in March 2020, impacts
the Balkondes program has provided many positive all sectors, especially in the Tourism Sector. Various
benefits. government policies forced people to stay at home and not
carry out activities outside the home, make the tourism
This form of training is carried out in stages, namely: service sector a very significant declined. However, people
• Self Assessment aims to determine the strengths and living in the tourism areas still depend on this industry and
weaknesses of Balkondes administrators, so they can need to find solutions immediately.
complement each other and made improvements.
• Excellent Service Training aims to make Balkondes BNI is consistently committed to helping the community,
administrators having an understanding in providing especially through the “KAWAN” Program that provides a
the best service to visitors, especially during a fast solution to the economic recovery of people in tourist
pandemic. areas by providing business equipment assistance. The
• Comparative Study to one of Indonesia’s best assistance given is a weaving machine and brick molding in
Tourism Villages, namely the Sari Essential Tourism the Mandalika Tourism Area, Mataram, NTB. The program
Village, Yogyakarta carried out to provide Balkondes aims to help the wheels of the community’s economy
administrators have experience as visitors and feel continuously run amid the pandemic. Considering the
the services provided by the residents of Pentingsari current conditions, BNI continues to strive to help tourism
Tourism Village. One of the aims of the program is the areas affected by Covid-19 to survive.
people could obtain many lessons and positive things
in Balkondes Wanurejo Rumah BUMN (SOE House)
• Production of Standard Operational Procedure SMEs are one of the primary contributors to national
(SOP) and Job Description aim to make Balkondes economic development. BNI supports the role of SMEs
have excellent service standards and Balkondes by building SOE House (RB) as a training platform. SOE
administrator can understand their respective roles so House aims to help SMEs to increase their quality. BNI has
that visitors can get a good experience. built 44 RBs in Indonesia since 2016.
2020 Annual Report

Corporate Social
Responsibility
SMEs get some benefits, namely training, technical Social Forestry

guidance, and broader marketing, including digital The purpose of Social Forestry Assistance is to
marketing. A total of 159,391 SMEs have joined the https:// improve the welfare of forest land cultivators and forest
rumah-bumn.id website for product marketing that is wider conservation. CSR assistance is provided in the form
in reach on digital platforms. of agricultural machinery, irrigation, or renovation of
educational facilities around forest land.
The pressure on the economy and the business sector
amid the Covid-19 pandemic is quite heavy. However, KAMI Program
the small and medium enterprises (UKM) assisted by One of BNI’s financial literacy programs for the priority
BNI continue to try to survive. Not only try to maintain community is “Kami Bersama BNI” program. KAMI
their livelihoods, but SMEs also try to keep helping the (Indonesian Migrant Family) and BNI provide financial
government and medical personnel in meeting the needs literacy education for Indonesian Migrant Workers (PMI)
of personal protective equipment (PPE), medical masks, abroad. Through this financial literacy training, PMI is
hand sanitizers, and others. expected to manage finances better and choose BNI as a
trusted financial service institution.
There are 4 (four) RBs that produce hazmat suits or
protective suits, namely RB Bantaeng, South Sulawesi; RB Other Environmental Development Program
Banjarbaru, South Kalimantan; RB Cilacap, Central Java;
and RB Padang, West Sumatra. Disaster Emergency Response
Indonesia has a large area and consists of islands
Meanwhile, there are 9 (nine) RBs with more than 30 connected to the sea. Also, there are active mountains
SMEs that produce masks, including RB Bekasi, West that surround Indonesia, Indonesia has huge potential for
Java; Padang, West Sumatra; Cilacap, Central Java; natural disasters to occur. Indonesia has a lot of natural
Tabalong, South Kalimantan; Banjarbaru, South Kalimantan; potential disasters. The excessive exploitation of natural
Bantaeng, South Sulawesi; Tegal, Central Java; Mamuju, resources impacts environmental damage that will cause
West Sulawesi; and Way Kanan, Lampung. disasters such as land fires, floods, and landslides. To cope
with those disasters and ease the burden on the affected
communities, the programs that have been given include:
a. Basic Needs Fulfillment Program
In disaster conditions, the basic needs fulfillment
program is the earliest assistance provided by BNI
to people affected by the disaster. In implementing
this program, BNI collaborates with several parties,
2020 Annual Report

including the Regional Disaster Management Agency b. Covid-19 Control Health Infrastructure
(BPBD), the government, or the local BUMN Task The Covid-19 pandemic that comes suddenly also
Force (Satgas). This collaboration aims to determine makes it difficult for health agencies and medical
the needs of the community and the locations that personnel to meet the needs of health infrastructure
need assistance on target. Distribution of aid is carried to tackle Covid-19. Therefore, BNI also provides
out directly to disaster command posts. The provided support to health agencies by providing the ventilators,
assistance to the community is a daily necessity, freezers, PCR detectors, and RNA extractors.
including basic needs, fast food, medicines, sanitary
napkins, pampers for children, blankets, and others. Not only for health agencies, but BNI also supports
medical personnel who work in health agencies. The
b. Post-Disaster Program assistance is provided to Covid-19 referral hospitals,
Post-disaster assistance provided by BNI is in the form public health centers, and other health agencies
of disaster post-development. Post-disaster assistance in need. The provided assistance is in the form of
posts are usually established if disaster conditions Personal Protective Equipment (PPE) clothes, medical
get worse or more than 3 (three) days with a large and non-medical masks, medical gloves, temperature
number of affected people. Selection of disaster post gauges, vitamins, hand washing equipment, and hand
locations is determined based on coordination with the sanitizers.
government and/or the BUMN Task Force according
to the severity level and community needs. Activities c. Other Health Assistance
carried out at the Disaster Command Post include BNI participates in supporting health improvement
the construction of public kitchens, meeting the and accelerating health care by providing ambulances
basic needs of the community after a disaster, health to health agencies or institutions engaged in social
checks for the community, and so on. activities that can carry out health measures for people
in need. Realization of the distribution of ambulance
Health assistance has been carried out in DKI Jakarta,
The Covid-19 pandemic that is currently occurring has West Sumatra, South Sumatra, North Sumatra, East
an impact on the structure of community life. BNI, as a Java, West Java, Central Java, Jambi, Bali, North
state-owned company through environmental development Kalimantan, Gorontalo, and others. Ambulances are
and CSR programs, is actively taking part in the current intended to serve poor people, so people in need can
Covid-19 response. The programs that have been provided use an ambulance quickly and without being charged
include: an ambulance. Ambulance vehicles can be used to
accelerate the response to Covid-19 or other diseases
a. Free Covid-19 PCR Test SWAB Program or health needs.
Detecting Covid-19 is not easy. This is indicated by
the high cost required for one test for each individual, Community Social
and the location for conducting Covid-19 testing for For the social community sector, BNI focuses on poverty
the community is still limited. Realizing this, BNI and alleviation considering the condition of Covid-19 in
several government hospitals, and the private sector Indonesia where many people are affected not only from
build collaboration to carry out the Free Covid-19 the health side but also the economic sector. BNI has 3
PCR SWAB Test Program to the public. The program (three) major activities carried out in all BNI work areas,
is implemented in 10 (ten) provinces, namely DKI namely “Berkah Ramadhan Untuk Indonesia” Program,
Jakarta (Central Jakarta), West Sumatra (Padang “Damai Natal Menyertai Indonesia” Program, and the
and Bukittinggi), South Sumatra (Palembang), West Food Package that is delivered through institutions that
Java (Bandung), Central Java (Semarang and Solo), have coordinated with the local government in collecting
Yogyakarta Special Region. (Yogyakarta), East Java
(Sidoarjo), Bali (Bali), East Kalimantan (Balikpapan), and
Banten (South Tangerang).
2020 Annual Report

Corporate Social
Responsibility
data to the unable community and fit to get food package appreciation in the form of education savings. This activity
assistance and in the context of overcoming Covid-19. can be participated by students from Elementary School
(SD) to Senior High School (SMA) education levels. The
The objectives of the four activities above are to share given requirements to participants must attend online
happiness and help alleviate the burden of poor people schools and Live Teaching which is carried out on the
or communities that have an economic impact amid the online platform of Ruang Guru, then accomplishes on the
Covid-19 pandemic, such as decreased daily worker given quiz questions. Appreciation is given to students
income, layoffs (PHK), and other conditions. The food with the best scores.
package assistance contains rice, instant noodles, sugar,
oil, etc. The food packages are distributed before the Besides, BNI together with Yayasan Pusat Indonesia dan
month of Ramadan, Christmas Day, and in the context of Kemandirian Indonesia Raya (PIKIR) are jointly providing
overcoming Covid-19 to people who need assistance. In the internet to support teaching and learning activities
the distribution process, BNI prioritizes health protocols that are currently being carried out online for students
through social distancing and physical distancing to who live in areas where there is no internet access. This
prevent. assistance is implemented in the West Malalak Subdistrict,
Agam Regency - West Sumatra. The assistance is provided
Education and/or Training by coordinating with the local government to determine
In the form of support for programs in the Education locations. To monitor the assistance, BNI conducts
and Training sector, BNI realizes its activities through monitoring by requesting direct visit assistance from BNI in
assistance involving MSME training programs at SEO the local area and requests a report to the executor.
House, scholarships from Elementary School (SD) to
Higher Education (PT) levels, construction or renovation Development of Public Facilities and Infrastructure
of educational facilities, provision of school infrastructure For the realization of activities in the development of public
support. To determine the assistance, BNI first analyzes facilities and infrastructure sector that have been carried
and considers the social, economic, and environmental out that is the concretization and roads in Banten, West
conditions of the school. Java, and Central Java. The construction of toilets/latrines
is in East Nusa Tenggara, West Sumatra, West Java, and
For scholarship assistance, in 2020, BNI as PIC with South Kalimantan. The assistance construction of drainage
BTN and Bukit Asam as Co-PIC provided scholarship and/or the provision of clean water facilities is in Banten
assistance to college students (PT) who were children of and West Sumatra. The assistance renovation of unsuitable
TNI and Polri in DKI Jakarta Province. BNI’s requirements houses (RTLH) in Central Java, West Java, and West Nusa
in providing scholarships, namely a statement of the use Tenggara. The assistance bridge renovation is in West
of funds for education, a certificate of being active in Sumatra, Central Java, and Nanggroe Aceh Darussalam.
college, a study result card issued by the university, not The assistance renewable energy for micro-hydro power
receiving educational assistance from other parties, and plants is in Malang, East Java.
achievement must be proven by transcripts of grades.
As for outside the scholarship activities, BNI requires Worship Facilities
that each prospective participant comes from a poor In assisting the worship facilities, BNI also assists and
community as evidenced by a Certificate of Disability supports either the construction or renovation of worship
(SKTM) from the local government. The provided places of various religions in BNI work areas, such as
assistance is in the form of financial support every mosques/prayer rooms, churches, and temples (Pura and
semester or full financing. Vihara). The program of assistance for religious facilities is
prioritized for worship places located in the 3T area. (Left
Amid the Covid-19 pandemic, there has been a shift in behind, outermost, and innermost). Not only assists the
learning methods from face-to-face to Distance Learning infrastructure for religious facilities, but BNI also assists
(PJJ). Adjusting new learning methods is not easy for to fulfill the needs of supporting infrastructure in worship
students and parents. Realizing this, BNI is collaborating place as needed.
with online learning provider startups, Ruang Guru, to give
2020 Annual Report

Impact of Partnership Program Activities
In 2020, the distribution of the BNI Partnership Program can be classified as follows:
By Economic Sector
Business Sector Realization of Distribution * Total Fostered Partner
Processing industry 9,721,704,000 109

Business Services 8,595,875,552 128
Community Social Services 530,000,000 11
Construction 330,000,000 3
Electricity, Gas and Water 25,000,000 1
Transportation, Warehouse, & Communication 593,400,000 6
Trade, Restaurants and Hotels 19,156,890,893 502
Agriculture, Hunting, and Agricultural Facilities 26,945,290,050 395
Distribution to PNM 50,000,000,000 -
Grand Total 115,898,160,495 1,155
*Unaudited
Based on the Distribution of BNI Regional Offices
Realization of
Region 2020 Target Distribution* Distribution to
Target
REGION 1. MEDAN 5,000,000,000 2,271,080,986 45%

REGION 2. PADANG 3,000,000,000 360,000,000 12%
REGION 3. PALEMBANG 15,000,000,000 375,000,000 3%
REGION 4. BANDUNG 8,000,000,000 1,597,500,000 20%
REGION 5. SEMARANG 8,000,000,000 407,694,434 5%
REGION 6. SURABAYA 30,000,000,000 9,414,000,000 31%
REGION 7. MAKASSAR 5,000,000,000 3,464,000,000 69%
REGION 8. DENPASAR 5,000,000,000 1,700,000,000 34%
REGION 9. BANJARMASIN 5,000,000,000 195,000,000 4%
REGION 10. JAKARTA SENAYAN 5,000,000,000 6,090,858,633 122%
REGION 11. MANADO 3,000,000,000 - -
REGION 12. JAKARTA KOTA 8,000,000,000 3,935,532,392 49%
REGION 14. JAKARTA BSD 8,000,000,000 772,000,000 10%
REGION 15. JAKARTA KEMAYORAN 8,000,000,000 4,797,000,000 60%
REGION 16. PAPUA 3,000,000,000 100,000,000 3%
REGION 17. YOGYAKARTA 6,000,000,000 3,126,000,000 52%
REGION 18. MALANG 30,000,000,000 27,292,494,050 91%
PT PNM - 50,000,000,000 -
Total 155,000,000,000 115,898,160,495
*Unaudited
2020 Annual Report

Corporate Social
Responsibility
Other Partnership Program is as agent development, a program aimed at helping the Government through social assistance
(Bansos) agents. This program includes: Program Keluarga Harapan (PKH), Non-Cash Food Assistance (BPNT). The
performance of Bansos Agent has an impact on increasing financial literacy.
Performance of Bansos Agent

Description PKH BPNT
Number of Recipient Groups (Person) 4.2 million 7.9 million

Number of Distributing Branches 198 118
Impact of Environmental Development
Balkondes
The benefits of the activities carried out in Balkondes include providing education to the people of Wanurejo Village on
how to develop tourism potential in the local village. In addition, in the midst of the Covid-19 pandemic, the public is more
aware of business potential that can be exploited and developed to improve the community’s economy. BNI still provides
free permits for MSMEs around the village to be able to sell in the Balkondes area, as a form of BNI’s support for MSMEs
around Balkondes Wanurejo.
KAWAN
Until the end of 2020, BNI has realized homestay assistance and community empowerment in 4 (four) locations, with the
following details:
Number of House/
No Homestay Location Number of Rooms
Owner
1. Toba Lake Lumbanbulbul Beach - Balige - Toba 9 9

2. Belitung Wisata Terong Village - Belitung Island 10 10
3. Wakatobi Wisata Waha Village - Wakatobi 7 7
4. Bromo Wisata Ngadisari Village - Bromo 10 10
Total 36 36
Rumah BUMN
RB’s performance during 2020, can be seen through the information in the table as follows:
Description Amount
Number of UKM Online 2,232

Online Product 5,109
Online Transaction 1,877
Online Transaction Value Rp1,433.19 million
Joined in https://rumah-bumn.id 159,391
Coaching for SME in RB BNI
Category Number of Activity Participants
Workshop/Training 137 1,126

Visit to MSME Locations 119 316
Exhibition/Event 41 266
2020 Annual Report

Social Forestry
In 2020, 12 districts received the following assistance:
Location Type of Assistance
Probolinggo 22 Drilling Well, Piping System and Water Pump,10 hand tracktor
Lumajang Communal Cow Shed and Biogas
Madiun 3 Units Cultivator Machine, 9 Units Corn Planting Machine, 3 Units Corn Peeling Machine, 10 Units Water
Pump
Malang 4 Units Iles-iles Chopping Machine
Tuban 2 Units Hand Tractor, 2 Units Water Pump, Street Renovation
Bojonegoro 1 Unit Cultivator, 2 Unit Water Pump, 2 Units Hand Tractor, 1 Unit Corn Planting Machine, 3 Units Corn
Peeling Machine
Garut 3 Units Coffee Peeler
Cianjur 4 units coffee peeler, 5 units lawn mowers, 2 units water pumps, 2 units small tracktor
Indramayu 5 units tractor
Musi Banyuasin 5 units tractor
Tanjung Jabung Barat 2 units of coffee roasters, 12 units of chainsaws, 20 units of lawn mowers, 2 units of hand tracktor
Merangin 3 units of handtracktor, 2 units of lawn mower, 1 unit of water pump, 3 units of fish preservative, 7 fishing nets
Rokan Hulu
3 units of hand trackers, 2 units of lawn mowers, 1 unit of water pump, 3 fish preservative boxes, 7 fishing
Kampar
nets
Indragiri Hilir
KAMI Program a. Free Covid-19 PCR Swab Test Program

In 2020, the Bank will organize two training programs, The number of SWAB PCR tests that have been
namely Financial Education and Entrepreneurship implemented was 18,500 tests and 10,500 Rapid
Education. This training was held in 6 countries, namely: Tests.
South Korea, Japan, Taiwan, Hong Kong, Singapore, and
Malaysia with the number of participants reaching 800 b. Health Facilities for Covid-19
people. Assistance to support health equipment for Covid-19
that BNI has realized, namely 5 (five) ventilator units,
1 (one) freezer unit, 5 (five) PCR detection equipment
THE IMPACT OF ENVIRONMENTAL units, and 2 (two) RNA extractor units.
DEVELOPMENT PROGRAM
Besides, health infrastructure has been realized by
Disaster Emergency Response BNI, namely 74,334 pieces of Personal Protective
There are 58 (fifty-eight) Disaster Emergency Response Equipment (PPE), 595,765 pieces of medical and non-
and Post-Disaster Assistance with a total value of medical masks, 10,000 medical gloves, 500 units of
Rp3,347,236,038, - (three billion three hundred forty-seven body temperature gauges, 1,720 vitamins. box, hand
million two hundred thirty-six thousand and thirty-eight washing equipment, and hand-sanitizer of 5,804 sets.
rupiahs) spread across Indonesia, including others DKI
Jakarta, Banten, West Java, East Java, Nanggroe Aceh c. Other Health Assistance
Darussalam, Central Kalimantan, East Nusa Tenggara, and Currently, there are 43 (forty-three) ambulance units
others. The disasters include floods, landslides, land fires, provided by BNI and spread throughout Indonesia
earthquakes, and mountain eruptions. with an estimated total aid of Rp11.69 billion. The
ambulances can be used to accelerate the response
Health to both Covid-19 and non-Covid-19 countermeasures
The benefits of CSR in the Health sector carried out without being charged and allocate and prioritize for
by BNI, include efforts to break the chain of Covid-19 poor people who need ambulance assistance.
distribution, accelerate detection of the spread of Covid-19,
and support for medical personnel as the frontline in the
response to Covid-19.
2020 Annual Report

Corporate Social
Responsibility
Community Social In detail, the development of infrastructure that has been

In 2020, amid the Covid-19 Pandemic, BNI focused on carried out includes:
the food package assistance especially on tackling the a. The concretization and road construction assistance
impact of Covid-19 based on the economic sector, BNI has with a total of 7 (seven) activities.
realized funds worth Rp33.71 billion for several programs b. The assistance for the construction of toilets or
in the BNI work area, including: healthy latrines, with a total of 5 (five) activities.
a. “Berkah Ramadhan Untuk Indonesia” Program c. The assistance for the provision of clean water
distributed as many as 85,000 food packages. facilities with a total of 17 (seventeen) points.
b. “Damai Natal Menyertai Indonesia” Program, d. The construction of unfit for habitation (RTLH) with a
distributed 34,000 food packages. total of 29 housing units.
c. The Covid-19 Combating Food Package Program,
distributed around 145,456 food packages. Worship Facilities
In assisting the Worship Facilities, BNI provided 171
Education and/or Training worship places with a total value of Rp16.71 billion for
In 2020, BNI played an active role in the field of education assistance for the construction and renovation of mosques
through several program activities including providing or prayer rooms, churches, temples (Pura and Vihara).
scholarships, providing school facilities and infrastructure,
building or renovating school buildings, and others. Overall Mechanism of Complaints in the Social
the realization of assistance with a total of Rp23.02 billion. Community Development
The details of the programs that have been carried out by
BNI include: Customer Complaints Mechanism and Means
a. Scholarship for 1,000 students. BNI provided a one-stop complaint mechanism through
b. Assistance for the construction of educational BNI Call Center, for complaints, both business and
infrastructure with as much as 163 points. environmental and social. The number of complaints
c. Internet Education Program assistance in “blank spot” related to BNI’s environmental and social activities was
areas. insignificant, considering that BNI’s activities did not have a
d. Assistance for Education Savings with Room Teachers direct impact on the social environment of the community.
to 200 students.
Costs Incurred
Field of General Facilities and In 2020, the cost incurred for Partnership Program lending
Infrastructure Development reached Rp115,9 billion, classified with a ‘good’ category,
Through the development of public facilities and and loan collectibility level of 89.18%. Then, the realization
infrastructure, BNI has contributed to meeting the needs of of costs incurred for Community Development activities in
communities in several regions in Indonesia. Overall, BNI 2020 reached Rp174.6 billion. In detail, the distribution of
distributed activities worth Rp9.15 billion. Community Development based on its scope as follows:

Description Nominal (Rp)
Assistance for Victims of Natural Disasters 69,387,411,411

Educational and/or Training Assistance 32,380,039,820
Poverty Alleviation Assistance 22,776,608,906
Assistance for Worship Facilities 20,225,065,846
Health Improvement Assistance 13,215,031,926
Assistance for the Development of Public Infrastructure and Facilities 13,066,507,604
Assistance for Nature Conservation 3,555,521,197
Total Community Development Funds Disbursement 174,606,186,710
2020 Annual Report

2020 Annual Report
Financial
Report
While occasionally joking to boost

enthusiasm, women of a village in
Banten collectively harvest rice using the
traditional method to separate the grains
from the rice stalk collected from the
harvest.
2020 Annual Report

dan Entitas Anak/and Subsidiaries
Laporan keuangan konsolidasian

Tanggal 31 Desember 2020
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements
As of 31 December 2020 and for the year then ended
with in dependent auditors’ report
2020 Annual Report

Corporate Social
Responsibility
2020 Annual Report

The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK NEGARA INDONESIA (PERSERO) Tbk PT BANK NEGARA INDONESIA (PERSERO) Tbk
DAN ENTITAS ANAK AND SUBSIDIARIES
LAPORAN KEUANGAN KONSOLIDASIAN CONSOLIDATED FINANCIAL STATEMENTS
TANGGAL 31 DESEMBER 2020 DAN AS OF 31 DECEMBER 2020 AND
UNTUK TAHUN YANG BERAKHIR FOR THE YEAR
PADA TANGGAL TERSEBUT THEN ENDED
BESERTA LAPORAN AUDITOR INDEPENDEN WITH INDEPENDENT AUDITORS’ REPORT
Daftar Isi Halaman/ Table of Contents

Page
Laporan Posisi Keuangan Konsolidasian.................... 1-5 …….. Consolidated Statement of Financial

Position
Laporan Laba Rugi dan Penghasilan Komprehensif Consolidated Statement of Profit or Loss
Lain Konsolidasian............................................... 6-8 ........................and Other Comprehensive Income
Laporan Perubahan Ekuitas Konsolidasian ................ 9 - 10 …….Consolidated Statement of Changes in Equity
Laporan Arus Kas Konsolidasian ................................ 11 - 12 …………… Consolidated Statement of Cash Flows
Catatan atas Laporan Keuangan Notes to the Consolidated Financial

Konsolidasian ...................................................... 13 - 323 …………………………………………Statements
Informasi Keuangan Tambahan ................................ 324 - 335 …..…Supplementary Financial Information
**************************
2020 Annual Report

Corporate Social
Responsibility
2020 Annual Report

2020 Annual Report
Corporate Social
Responsibility
2020 Annual Report

LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT OF
KONSOLIDASIAN FINANCIAL POSITION
Tanggal 31 Desember 2020 As of 31 December 2020
(Disajikan dalam jutaan Rupiah, (Expressed in millions of Rupiah,
kecuali dinyatakan lain) unless otherwise stated)
31 Desember/December
Catatan/
Notes 2020 2019
ASET ASSETS
Kas 4 17,324,047 15,361,703 Cash
Current accounts with Bank

Giro pada Bank Indonesia 5 35,065,701 37,104,091 Indonesia
Giro pada bank lain 6,46b Current accounts with other banks
- Pihak berelasi 473,708 598,915 Related parties -
- Pihak ketiga 15,640,158 14,365,878 Third parties -
Total giro pada bank lain 16,113,866 14,964,793 Total current accounts with other banks
Dikurangi: Cadangan kerugian Less: Allowance for impairment
penurunan nilai (6,078) (2,000) losses
16,107,788 14,962,793
Penempatan pada bank lain dan 7,46c Placements with other banks
Bank Indonesia and Bank Indonesia
Total penempatan pada bank lain dan Total placements with other banks
Bank Indonesia 61,329,432 47,776,813 and Bank Indonesia
penurunan nilai (173) (4) losses
61,329,259 47,776,809
Efek-efek 8,46d Marketable securities

- Pihak berelasi 7,458,258 7,280,770 Related parties -
Total efek-efek 29,946,816 27,446,870 Total marketable securities

29,686,597 27,161,751
Efek-efek yang dibeli Securities purchased

dengan janji dijual kembali 14 8,666,091 411,442 under agreements to resell
Wesel ekspor dan tagihan lainnya 9,46g Bills and other receivables
Total wesel ekspor dan tagihan lainnya 18,016,435 19,349,681 Total bills and other receivables
17,893,534 19,207,603
Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan statements form an integral part of these
keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
1
2020 Annual Report
KONSOLIDASIAN (lanjutan) FINANCIAL POSITION (continued)
Catatan/
Notes 2020 2019
ASET (lanjutan) ASSETS (continued)
Tagihan akseptasi 10,46h Acceptance receivables
Total tagihan akseptasi 21,775,040 19,118,275 Total acceptance receivables

penurunan nilai (1,199,374) (559,999) losses
20,575,666 18,558,276
Tagihan derivatif 11,46i Derivative receivables

- Pihak ketiga 1,320,857 284,150 Third parties -
Total tagihan derivatif 1,460,614 312,266 Total derivatives receivables
Pinjaman yang diberikan 12,46j Loans

Total pinjaman yang diberikan 586,206,787 556,770,947 Total loans

penurunan nilai (44,227,986) (16,908,871) losses
541,978,801 539,862,076
Obligasi Pemerintah 13,46f Government bonds

setelah penyesuaian adjusted for amortization
amortisasi diskonto dan premi 90,661,121 81,029,020 of discount and premium
penurunan nilai (1,803) - losses
90,659,318 81,029,020
Pajak dibayar dimuka 27a 1,049,787 1,049,979 Prepaid taxes
Beban dibayar dimuka 15 2,807,092 2,609,259 Prepaid expenses
Penyertaan saham - neto 16,46k 813,087 523,103 Equity investments - net
Aset lain-lain - neto 17 13,757,811 11,800,935 Other assets - net
Aset tetap 18 38,958,245 35,661,850 Fixed assets

Dikurangi: Akumulasi penyusutan (11,595,845) (9,137,091) Less: Accumulated depreciation
27,362,400 26,524,759
Aset pajak tangguhan - neto 27d 4,799,832 1,349,343 Deferred tax assets - net
TOTAL ASET 891,337,425 845,605,208 TOTAL ASSETS
2
2020 Annual Report
Catatan/
Notes 2020 2019
LIABILITAS, DANA SYIRKAH LIABILITIES, TEMPORARY

TEMPORER DAN EKUITAS SYIRKAH FUNDS AND EQUITY
LIABILITAS LIABILITIES
Liabilitas segera 19 5,560,702 5,272,805 Obligations due immediately
Simpanan nasabah 20,46l Deposits from customers

Total simpanan nasabah 647,571,744 582,540,625 Total deposits from customers
Simpanan dari bank lain 21,46m Deposits from other banks

Total simpanan dari bank lain 9,023,031 11,584,276 Total deposits from other banks
Liabilitas derivatif 11,46q Derivative payables

- Pihak ketiga 359,172 173,123 Third parties -
Total liabilitas derivatif 414,280 203,054 Total derivative payables
Efek-efek yang dijual Securities sold under

dengan janji dibeli kembali 22 2,590,268 2,183,403 agreements to repurchase
Liabilitas akseptasi 23,46r Acceptance payables

Total liabilitas akseptasi 5,500,360 5,341,440 Total acceptance payables
Beban yang masih harus dibayar 24 1,181,534 997,259 Accrued expenses
Utang pajak 27b Taxes payable

- Pajak penghasilan badan 992,037 456,598 Corporate income tax -
- Pajak lainnya 155,740 111,213 Other taxes -
Total utang pajak 1,147,777 567,811 Total taxes payable
Imbalan kerja 43 6,344,268 4,392,277 Employee benefits
Penyisihan 25 1,421,914 185,019 Provisions
Liabilitas lain-lain 26 18,280,485 14,900,956 Other liabilities
Efek-efek yang diterbitkan 28,46n 2,985,011 2,985,052 Securities issued
Pinjaman yang diterima 29,46o 44,114,314 57,235,500 Borrowings
Efek-efek subordinasi 30,46p 99,975 99,965 Subordinated securities
TOTAL LIABILITAS 746,235,663 688,489,442 TOTAL LIABILITIES
3
2020 Annual Report
Catatan/
Notes 2020 2019
DANA SYIRKAH TEMPORER TEMPORARY SYIRKAH FUNDS
Simpanan nasabah Deposits from customers

Giro Mudharabah 31,46s Mudharabah current accounts
- Pihak berelasi 1,056,206 371,145 Related parties -
Total giro Mudharabah 2,812,156 4,808,318 Total Mudharabah current accounts
Tabungan 32,46u Mudharabah saving deposits

Total tabungan Mudharabah 13,010,275 10,875,899 Total Mudharabah saving deposits
Deposito Mudharabah 33,46t Mudharabah time deposits

Total deposito Mudharabah 16,058,270 16,086,130 Total Mudharabah time deposits
Total simpanan nasabah 31,880,701 31,770,347 Total deposits from customers
Simpanan dari bank lain Deposits from other banks

Giro Mudharabah 31 Mudharabah current accounts
Tabungan Mudharabah 32 Mudharabah saving deposits

Deposito Mudharabah 33 Mudharabah time deposits

Total simpanan dari bank lain 348,862 341,471 Total deposits from other banks
TOTAL DANA SYIRKAH TOTAL TEMPORARY

TEMPORER 32,229,563 32,111,818 SYIRKAH FUNDS
4
2020 Annual Report
Catatan/
Notes 2020 2019
EKUITAS EQUITY
Ekuitas diatribusikan Equity attributable to equity holders

kepada pemilik entitas induk of the parent entity
Modal saham: Share capital:
- Seri A Dwiwarna - nilai nominal Class A Dwiwarna -
Rp7.500 per saham Rp7,500 par value per share
(dalam Rupiah penuh) (in full Rupiah amount)
- Seri B - nilai nominal Class B - Rp7,500 -
Rp7.500 per saham par value per share
- Seri C - nilai nominal Class C - Rp375 -
Rp375 per saham par value per share
Modal dasar: Share capital - Authorized:
- Seri A Dwiwarna - 1 saham Class A Dwiwarna - 1 share -
- Seri B - 289.341.866 saham Class B - 289,341,866 shares -
- Seri C - 34.213.162.660 saham Class C - 34,213,162,660 shares -
Modal ditempatkan dan disetor penuh: Issued and fully paid:
- Seri C - 18.339.734.891 saham 34 9,054,807 9,054,807 Class C -18,339,734,891 shares -
Tambahan modal disetor 34 14,568,468 14,568,468 Additional paid-in capital
Transaksi dengan kepentingan Transactions with non-controlling

nonpengendali 1i 2,256,999 2,256,999 interests
Cadangan revaluasi aset 18 14,962,961 14,946,879 Asset revaluation reserve
Keuntungan/kerugian Unrealized gain/losses

yang belum direalisasi atas efek- on marketable securities
efek dan Obligasi Pemerintah yang diukur and Government Bonds
pada nilai wajar melalui penghasilan at fair value through other
komprensif lain setelah pajak 8,13 2,424,779 (822,278) comprehensive income, net of tax
Selisih kurs karena penjabaran Exchange difference on

laporan keuangan dalam translation of foreign currency
mata uang asing 23,254 47,199 financial statements
Saldo laba Retained earnings

Sudah ditentukan penggunaannya Appropriated
Cadangan umum dan wajib 36 2,778,412 2,778,412 General and legal reserves
Cadangan khusus 37 - - Specific reserves
Tidak ditentukan penggunaannya 64,202,289 79,685,093 Unappropriated
Total saldo laba 66,980,701 82,463,505 Total retained earnings
Saham treasuri 2ah,34 (79,449) - Treasury shares
Total ekuitas yang dapat Total equity attributable to
diatribusikan kepada equity holders of
pemilik entitas induk 110,192,520 122,515,579 the parent entity
Kepentingan nonpengendali 2,679,679 2,488,369 Non-controlling interests
TOTAL EKUITAS 112,872,199 125,003,948 TOTAL EQUITY

TOTAL LIABILITAS, DANA SYIRKAH TOTAL LIABILITIES, TEMPORARY
TEMPORER DAN EKUITAS 891,337,425 845,605,208 SYIRKAH FUNDS AND EQUITY
5
2020 Annual Report
LAPORAN LABA RUGI DAN PENGHASILAN CONSOLIDATED STATEMENT OF PROFIT OR LOSS
KOMPREHENSIF LAIN KONSOLIDASIAN AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir Pada Tanggal For the Year Ended 31 December 2020
31 Desember 2020 (Expressed in millions of Rupiah,
(Disajikan dalam jutaan Rupiah, unless otherwise stated)
kecuali dinyatakan lain)
Tahun yang Berakhir pada tanggal

31 Desember/Year ended
31 December
Catatan/
Notes 2020 2019
PENDAPATAN BUNGA DAN INTEREST INCOME
PENDAPATAN SYARIAH 38 AND SHARIA INCOME
Pendapatan bunga 52,144,058 54,495,996 Interest Income
Pendapatan syariah 4,028,813 4,036,377 Sharia Income
TOTAL PENDAPATAN BUNGA TOTAL INTEREST INCOME
DAN PENDAPATAN SYARIAH 56,172,871 58,532,373 AND SHARIA INCOME
BEBAN BUNGA DAN INTEREST EXPENSE

BEBAN SYARIAH 39 AND SHARIA EXPENSE
Beban bunga (18,101,085) (20,939,501) Interest Expense
Beban syariah (919,820) (990,498) Sharia Expense
TOTAL BEBAN BUNGA TOTAL INTEREST EXPENSE
DAN BEBAN SYARIAH (19,020,905) (21,929,999) AND SHARIA EXPENSE
PENDAPATAN BUNGA DAN INTEREST INCOME AND
PENDAPATAN SYARIAH - NETO 37,151,966 36,602,374 SHARIA INCOME - NET
PENDAPATAN PREMI DAN PREMIUM INCOME

HASIL INVESTASI 5,330,499 6,158,192 AND INVESTMENTS RETURN
BEBAN KLAIM (3,859,411) (4,461,264) CLAIMS EXPENSE
PENDAPATAN PREMI DAN PREMIUM INCOME AND
HASIL INVESTASI - NETO 1,471,088 1,696,928 INVESTMENTS RETURN - NET
PENDAPATAN
OPERASIONAL LAINNYA OTHER OPERATING INCOME
Provisi dan komisi lainnya 8,309,050 8,850,923 Other fee and commission
Penerimaan kembali aset
yang telah dihapusbukukan 1,548,562 2,354,214 Recovery of assets written off
(Kerugian)/keuntungan yang belum direalisasi dari Unrealized (loss)/gain on
perubahan nilai wajar aset keuangan yang diukur changes in fair value of assets at
pada nilai wajar melalui laba rugi 10,756 150 fair value through profit or loss
Keuntungan dari penjualan Gain on sale of financial assets
aset keuangan yang diukur pada nilai wajar at fair value through other
melalui penghasilan komprehensif lain dan comprehensive income and fair
nilai wajar melalui laba rugi 1,423,890 971,584 value through profit or loss
Laba selisih kurs - neto 1,109,425 632,762 Foreign exchange gains - net
Lain-lain 1,010,898 902,765 Others
TOTAL PENDAPATAN TOTAL OTHER OPERATING
OPERASIONAL LAINNYA 13,412,581 13,712,398 INCOME
PEMBENTUKAN
CADANGAN KERUGIAN 6,7,8,9,10 ALLOWANCE FOR
PENURUNAN NILAI 12,13,25b (22,590,435) (8,838,178) IMPAIRMENT LOSSES
BEBAN OPERASIONAL OTHER OPERATING
LAINNYA EXPENSES
Gaji dan tunjangan 40,43,46x (9,750,781) (10,186,127) Salaries and employees’ benefits
Umum dan administrasi 42 (9,062,677) (8,258,709) General and administrative
Beban promosi (1,030,410) (1,312,056) Promotion expense
Premi penjaminan simpanan (1,188,620) (1,110,996) Deposit guarantee premium
Lain-lain 41 (3,181,268) (2,819,011) Others
TOTAL BEBAN OPERASIONAL TOTAL OTHER OPERATING
LAINNYA (24,213,756) (23,686,899) EXPENSES
LABA OPERASIONAL 5,231,444 19,486,623 OPERATING INCOME
6
2020 Annual Report
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) AND OTHER COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir Pada Tanggal (continued)
31 Desember 2020 For the Year Ended 31 December 2020

31 December
Catatan/
Notes 2020 2019
BEBAN BUKAN NON-OPERATING -

OPERASIONAL - NETO (119,291) (117,517) EXPENSE NET
LABA SEBELUM BEBAN INCOME BEFORE

PAJAK 5,112,153 19,369,106 TAX EXPENSE
BEBAN PAJAK TAX EXPENSE
Kini (2,218,324) (4,107,435) Current
Tangguhan 427,613 246,912 Deferred
TOTAL BEBAN PAJAK 27c (1,790,711) (3,860,523) TOTAL TAX EXPENSE
LABA TAHUN BERJALAN 3,321,442 15,508,583 INCOME FOR THE YEAR
PENGHASILAN KOMPREHENSIF OTHER COMPREHENSIVE

LAIN: INCOME:
Pos-pos yang tidak akan Items that will not be
direklasifikasi ke laba rugi reclassified to profit or loss
Pengukuran kembali liabilitas Remeasurement of post
imbalan kerja (2,394,394) (310,171) employment benefit
Keuntungan dari perubahan nilai aset Gain on changes in value of

keuangan yang diukur pada nilai wajar financial assets at fair value through
melalui penghasilan komprehensif lain 126,201 - other comprehensive income
Pajak penghasilan terkait 387,352 62,034 Related income tax
Pos-pos yang akan Items that will be

Penyesuaian akibat penjabaran Translation adjustment
laporan keuangan dalam of foreign currency
mata uang asing (23,945) (37,687) financial statements
Keuntungan dari perubahan nilai aset Gain on changes in value of

keuangan yang diukur pada nilai wajar financial assets at fair value through
melalui penghasilan komprehensif lain 3,312,177 3,951,475 other comprehensive income
Pajak penghasilan terkait (536,111) (790,295) Related income tax

LAIN TAHUN BERJALAN INCOME FOR THE YEAR
SETELAH PAJAK 871,280 2,875,356 AFTER TAXES
TOTAL LABA KOMPREHENSIF TOTAL COMPREHENSIVE
TAHUN BERJALAN 4,192,722 18,383,939 INCOME FOR THE YEAR
LABA TAHUN BERJALAN INCOME FOR THE YEAR

DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 3,280,403 15,384,476 Equity holders of the parent entity
Kepentingan nonpengendali 41,039 124,107 Non-controlling interest
TOTAL 3,321,442 15,508,583 TOTAL
7
2020 Annual Report
KOMPREHENSIF LAIN KONSOLIDASIAN (lanjutan) AND OTHER COMPREHENSIVE INCOME

31 December
Catatan/
Notes 2020 2019
LABA KOMPREHENSIF TOTAL COMPREHENSIVE

TAHUN BERJALAN INCOME FOR THE YEAR
DIATRIBUSIKAN KEPADA: ATTRIBUTABLE TO:
Pemilik entitas induk 4,001,412 18,192,475 Equity holders of the parent entity
Kepentingan nonpengendali 191,310 191,464 Non-controlling interest
TOTAL 4,192,722 18,383,939 TOTAL
BASIC EARNINGS
LABA PER SAHAM DASAR PER SHARE ATTRIBUTABLE
DIATRIBUSIKAN TO EQUITY HOLDERS
KEPADA PEMILIK ENTITAS INDUK OF THE PARENT ENTITY
(DALAM RUPIAH PENUH) 44 176 825 (IN FULL RUPIAH AMOUNT)
8
2020 Annual Report
852
The original consolidated financial statements included herein are in the Indonesian language.
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Untuk Tahun yang Berakhir Pada Tanggal 31 Desember 2020 For The Year Ended 31 December 2020
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in millions of Rupiah, unless otherwise stated)
2020 Annual Report

Keuntungan/
(Kerugian) yang
belum direalisasi
atas efek-efek
dan Obligasi
Pemerintah
yang diukur
pada nilai
wajar melalui

penghasilan
komprehensif Selisih
lain setelah kurs karena
pajak/ penjabaran
Unrealized laporan Saldo laba/Retained earnings
Gains/(losses) keuangan
on marketable dalam mata Dicadangkan/
Transaksi securities uang asing/ Appropriated
Modal dengan and goverment Exchange
ditempatkan kepentingan bonds at difference on Cadangan Cadangan
dan disetor nonpengendali/ fair value translation of revaluasi umum Total ekuitas
penuh/ Tambahan Transactions through other foreign aset/ dan wajib/ Saham pemilik entitas Kepentingan
Issued and modal disetor/ with comprehensive currency Asset General Tidak treasuri/ induk/Total nonpengendali/
Catatan/ fully paid-up Additional non-controlling income financial revaluation and legal dicadangkan/ Treasury equity owners Non-controlling Total ekuitas/
Notes capital paid-in capital interest net of tax statements reserve reserves Unappropriated*) shares of parent interest Total equity
Saldo per 31 Desember 2019 9,054,807 14,568,468 2,256,999 (822,278) 47,199 14,946,879 2,778,412 79,685,093 - 122,515,579 2,488,369 125,003,948 Balance as of 31 December 2019
Dampak penyesuaian transisi

atas penerapan Pernyataan Standar Impact of transitional adjustment on
Akuntansi Keuangan the implementation of Statement of
(PSAK) 71 setelah pajak - - - 541,412 - - - (12,940,315) - (12,398,903) - (12,398,903) Financial Accounting Standards (SFAS) 71
Saldo per 1 Januari 2020 Balance as of 1 January 2020

setelah penerapan PSAK 71 9,054,807 14,568,468 2,256,999 (280,866) 47,199 14,946,879 2,778,412 66,744,778 - 110,116,676 2,488,369 112,605,045 after the implementation of SFAS 71
Laba komprehensif untuk tahun berjalan 8,13 - - - 2,705,645 (23,945) 16,082 - 1,303,630 - 4,001,412 191,310 4,192,722 Comprehensive income for the year
Saham treasuri 34 - - - - - - - - (79,449) (79,449) - (79,449) Treasury shares
Pembagian dividen 35 - - - - - - - (3,846,119) - (3,846,119) - (3,846,119) Distribution of dividends
Saldo per 31 Desember 2020 9,054,807 14,568,468 2,256,999 2,424,779 23,254 14,962,961 2,778,412 64,202,289 (79,449) 110,192,520 2,679,679 112,872,199 Balance as of 31 December 2020
*) Termasuk di dalam saldo laba tidak dicadangkan adalah pengukuran kembali liabilitas imbalan kerja. *) Included in unappropriated retained earnings is the remeasurement of post employment benefit.
Uniting Energy to Revive the Country

Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral part of these
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
9
The original consolidated financial statements included herein are in the Indonesian language.
LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Rugi yang
belum direalisasi
atas efek-efek
dan Obligasi
Pemerintah Selisih
dalam kelompok kurs karena
tersedia penjabaran
untuk dijual, laporan Saldo laba/Retained earnings
setelah pajak/ keuangan
Unrealized dalam mata Dicadangkan/ Total ekuitas
Transaksi (losses) gains uang asing/ Appropriated yang dapat
Modal dengan on available- Exchange diatribusikan
ditempatkan kepentingan for-sale difference on Cadangan Cadangan kepada pemilik
dan disetor nonpengendali/ marketable translation of revaluasi umum entitas induk/
penuh/ Tambahan Transactions securities and foreign aset/ dan wajib/ Total equity Kepentingan

Issued and modal disetor/ with Government currency Asset General Tidak attributable to nonpengendali/
Catatan/ fully paid-up Additional non-controlling Bonds, financial revaluation and legal dicadangkan/ equity holders of Non-controlling Total ekuitas/
Notes capital paid-in capital interests net of tax statements reserve reserves Unappropriated*) the parent entity interests Total equity
Saldo per 31 Desember 2018 9,054,807 14,568,468 2,256,999 (3,913,839) 84,886 14,978,731 2,778,412 68,268,420 108,076,884 2,296,905 110,373,789 Balance as of 31 December 2018
Laba komprehensif untuk tahun berjalan 8,13 - - - 3,091,561 (37,687) - - 15,138,601 18,192,475 191,464 18,383,939 Comprehensive income for the year
Pembagian dividen 35 - - - - - - - (3,753,780) (3,753,780) - (3,753,780) Distribution of dividends
Pelepasan atas tanah/bangunan yang telah direvaluasi 18 - - - - - (31,852) - 31,852 - - - Land/building disposal after revaluation
Saldo per 31 Desember 2019 9,054,807 14,568,468 2,256,999 (822,278) 47,199 14,946,879 2,778,412 79,685,093 122,515,579 2,488,369 125,003,948 Balance as of 31 December 2019
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral part of these

2020 Annual Report
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. consolidated financial statements taken as a whole.
10
853
LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CASH FLOWS

31 December
Catatan/
Notes 2020 2019
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM
OPERASI OPERATING ACTIVITIES
Penerimaan pendapatan bunga 52,333,016 56,177,837 Receipts from interest income
Penerimaan pendapatan syariah 4,028,813 4,036,377 Receipts from sharia income
Pembayaran beban bunga (18,478,792) (21,064,257) Payments of interest expenses
Pembayaran beban syariah (919,820) (990,498) Payments of sharia expenses
Premium income and investments
Pendapatan premi dan hasil investasi 5,330,499 6,158,192 return
Beban klaim (3,859,411) (4,461,264) Claims expenses
Pendapatan operasional lainnya 11,267,818 13,767,574 Other operating income
Beban operasional lainnya (22,826,335) (21,321,979) Other operating expenses
Beban bukan operasional - neto (119,292) (117,517) Non-operating expenses - net
Pembayaran pajak penghasilan (1,544,212) (4,082,687) Payment of income tax
Arus kas sebelum perubahan dalam Cash flows before changes in
aset dan liabilitas operasi 25,212,284 28,101,778 operating assets and liabilities
Perubahan dalam aset dan liabilitas operasi: Changes in operating asets and liabilities:
Penurunan/(kenaikan) aset operasi: Decrease/(increase) in operating assets:
Penempatan pada Bank Indonesia dan Placements with Bank Indonesia and
bank lain 31,097,354 (30,848,186) other banks
Efek-efek dan Obligasi
Pemerintah yang diukur Marketable securities and
pada nilai wajar melalui Government Bonds at fair value
laba rugi 1,738,086 (1,372,810) through profit or loss
dengan janji dijual kembali 14 (8,254,649) (411,442) under agreements to resell
Wesel ekspor dan tagihan lainnya 1,333,246 5,395,525 Bills and other receivables
Pinjaman yang diberikan (39,682,400) (50,013,784) Loans
Tagihan akseptasi (2,656,765) 1,356,744 Acceptance receivables
Beban dibayar dimuka 15 (197,833) (271,856) Prepaid expenses
Aset lain-lain (2,145,641) (1,008,253) Other assets
Increase/(decrease) in operating
Kenaikan/(penurunan) liabilitas operasi: liabilities:
Liabilitas segera 19 287,897 1,112,510 Obligations due immediately
Simpanan nasabah 20 65,031,119 30,368,423 Deposits from customers
Simpanan dari bank lain 21 (2,561,245) (2,290,219) Deposits from other banks
Beban yang masih harus dibayar 24 184,275 120,912 Accrued expenses
Imbalan kerja 43 2,899,943 612,895 Employee benefits
Liabilitas akseptasi 23 158,920 924,827 Acceptance payables
Utang pajak (94,144) 45,905 Taxes payable
Liabilitas lain-lain 26 1,785,732 414,847 Other liabilities
Kenaikan/(penurunan) Increase/(decrease) in deposits

dana syirkah temporer 117,745 5,151,142 from temporary syirkah funds
Kas neto diperoleh dari/(digunakan untuk) Net cash provided by/(used in)
aktivitas operasi 74,253,924 (12,611,042) operating activities
11
2020 Annual Report

LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENT OF CASH FLOWS

31 December
Catatan/
Notes 2020 2019

INVESTASI INVESTING ACTIVITIES
Penerimaan/(penempatan) dari efek-efek Proceed/(placement) from marketable
yang diukur pada nilai wajar melalui securities measured at fair value
penghasilan komprehensif lain dan through other comprehensive
biaya perolehan yang diamortisasi - neto (3,834,695) 6,551,381 income and amortized cost - net
Penerimaan/(penempatan) dari Obligasi Proceed/(purchase) of Goverment
Pemerintah yang diukur pada nilai wajar Bonds at fair value through
melalui penghasilan komprehensif lain dan other comprehensive income
biaya perolehan yang diamortisasi - neto (6,909,989) 8,683,936 and amortized cost - net
Penambahan aset tetap 18 (1,273,440) (1,851,800) Acquisition of fixed assets
Hasil penjualan aset tetap 26,008 100,137 Proceeds from sale of fixed assets
Kas neto (digunakan untuk)/diperoleh dari Net cash (used in)/provided by
aktivitas investasi (11,992,116) 13,483,654 investing activities
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING

PENDANAAN ACTIVITIES
Kenaikan/(penurunan) pinjaman yang
diterima 58 (13,530,558) 5,273,245 Increase/(decrease) in borrowings
Kenaikan/(penurunan) efek-efek yang dijual Increase/(decrease) in securities sold
dengan janji dibeli kembali 58 507,305 (20,010,573) under agreements to repurchase
Saham tresuri (79,449) - Treasury shares
Pembayaran liabilitas sewa (190,348) - Payment of lease liability
Pembayaran dividen (3,846,119) (3,753,780) Payment of dividends
Kas neto digunakan untuk Net cash used in
aktivitas pendanaan (17,139,169) (18,491,108) financing activities
PENINGKATAN NETO NET INCREASE IN

KAS DAN SETARA KAS 45,122,639 (17,618,496) CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS PADA CASH AND CASH EQUIVALENTS

AWAL TAHUN 81,184,598 98,922,032 AT BEGINNING OF THE YEAR
Pengaruh perubahan kurs Effect of foreign currency
mata uang asing 600,362 (118,938) exchange rate changes
AKHIR TAHUN 126,907,599 81,184,598 AT THE END OF THE YEAR
KOMPONEN KAS DAN COMPONENTS OF CASH AND

SETARA KAS: CASH EQUIVALENTS:
Kas 4 17,324,047 15,361,703 Cash
Giro pada Bank Indonesia 5 35,065,701 37,104,091 Current accounts with Bank Indonesia
Giro pada bank lain 6 16,113,867 14,964,793 Current accounts with other banks
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain - jangka waktu and other banks - maturing
jatuh tempo tiga bulan atau kurang within three months of
sejak tanggal perolehan 58,403,984 13,754,011 acquisition date
Total kas dan setara kas 126,907,599 81,184,598 Total cash and cash equivalents
12
2020 Annual Report

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE CONSOLIDATED
KONSOLIDASIAN FINANCIAL STATEMENTS
Tanggal 31 Desember 2020 dan untuk As of 31 December 2020
Tahun yang Berakhir Pada Tanggal Tersebut and For the Year Then Ended
1. INFORMASI UMUM 1. GENERAL INFORMATION
a. Pendirian Bank a. Establishment of the Bank
PT Bank Negara Indonesia (Persero) Tbk PT Bank Negara Indonesia (Persero) Tbk
(“BNI” atau “Bank”) pada awalnya didirikan di (“BNI" or “Bank”) was originally established in
Indonesia sebagai bank sentral dengan nama Indonesia as the central bank under the name
“Bank Negara Indonesia” berdasarkan “Bank Negara Indonesia” based on
Peraturan Pemerintah Pengganti Undang- Government Regulation in Lieu of Law No. 2 of
Undang No. 2 tahun 1946 tanggal 5 Juli 1946. 1946 dated 5 July 1946. Subsequently, by
Selanjutnya, berdasarkan Undang-Undang virtue of Law No. 17 of 1968, BNI became
No. 17 tahun 1968, BNI ditetapkan menjadi “Bank Negara Indonesia 1946”, and changed
“Bank Negara Indonesia 1946”, dan statusnya its status to a state-owned commercial bank.
menjadi Bank Umum Milik Negara.
Berdasarkan Peraturan Pemerintah No. 19 Based on Government Regulation No. 19 of

tahun 1992, tanggal 29 April 1992, telah 1992, dated 29 April 1992, BNI changed its
dilakukan penyesuaian bentuk hukum BNI legal status to a limited liability corporation
menjadi perusahaan perseroan terbatas (Persero). The change in legal status to
(Persero). Penyesuaian bentuk hukum menjadi become a limited liability corporation was
Persero, dinyatakan dalam Akta No. 131, covered by notarial deed No. 131, dated
tanggal 31 Juli 1992, dibuat di hadapan 31 July 1992 of Muhani Salim, S.H., and was
Muhani Salim, S.H., yang telah diumumkan published in Supplement No. 1A of the State
dalam Berita Negara Republik Indonesia Gazette No. 73 dated 11 September 1992.
No. 73 tanggal 11 September 1992 Tambahan
No. 1A.
Untuk memenuhi ketentuan Undang-Undang In compliance with the Indonesian Limited

No. 40 Tahun 2007 tanggal 16 Agustus 2007 Liability Company Law No. 40 Year 2007
tentang Perseroan Terbatas, Anggaran Dasar dated 16 August 2007, BNI’s Articles of
BNI telah dilakukan penyesuaian. Association has been amended. The
Penyesuaian tersebut dinyatakan dalam Akta amendment was covered by notarial deed No.
No. 46 tanggal13 Juni 2008 yang dibuat di 46 dated 13 June 2008 of Fathiah Helmi, S.H.,
hadapan Fathiah Helmi, S.H., notaris di a notary in Jakarta, as approved in the
Jakarta, berdasarkan keputusan Rapat Umum Extraordinary General Shareholders’ Meeting
Pemegang Saham Luar Biasa tanggal 28 Mei on 28 May 2008 and approved by the Minister
2008 dan telah mendapat persetujuan dari of Laws and Human Rights of the Republic of
Menteri Hukum dan Hak Asasi Manusia Indonesia, in its decision letter No. AHU-
Republik Indonesia, dengan Surat Keputusan AH.01.02-50609 dated 12 August 2008 and
No. AHU-AH.01.02-50609 tanggal 12 Agustus published in Supplement No. 29015 of the
2008 dan telah diumumkan dalam Berita State Gazette No. 103 dated 23 December
Negara Republik Indonesia No. 103 tanggal 2008.
23 Desember 2008 Tambahan No. 29015.
Perubahan terakhir Anggaran Dasar BNI The latest amendment of BNI’s Articles of
dilakukan antara lain tentang penyusunan Association was made regarding, among other
kembali seluruh Anggaran Dasar sesuai matters, realignment of the entire Articles of
dengan Akta No. 45 tanggal 25 April 2017 Association based on notarial deed No. 45
Notaris Fathiah Helmi, S.H. telah mendapat dated 25 April 2017 of Fathiah Helmi, S.H. and
persetujuan dari Menteri Hukum dan Hak has been approved by the Minister of Laws
Asasi Manusia Republik Indonesia, dengan and Human Rights of the Republic of
surat keputusan No. AHU-0010821.AH.01.02. Indonesia, in its decision letter No. AHU-
Tahun 2017 tanggal 17 Mei 2017. 0010821.AH.01.02 Tahun 2017 dated 17 May
2017.
Berdasarkan pasal 3 Anggaran Dasar BNI, According to Article 3 of BNI’s Articles of

ruang lingkup kegiatan BNI adalah melakukan Association, BNI’s scope of activity is to
usaha di bidang perbankan umum. engage in general banking services.
13
2020 Annual Report
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION(continued)
b. Penawaran Umum Perdana Saham b. Initial Public Offering (IPO)
Pada tanggal 28 Oktober 1996, BNI On 28 October 1996, BNI undertook an initial
melakukan penawaran umum perdana atas public offering of 1,085,032,000 Class B
1.085.032.000 saham Seri B dengan nilai shares with a par value per share of Rp500
nominal sebesar Rp500 (nilai penuh) setiap (full amount) and offering price per share of
saham dan harga penawaran setiap saham Rp850 (full amount) to the public in Indonesia.
sebesar Rp850 (nilai penuh) kepada The shares began trading on the Jakarta and
masyarakat di Indonesia. Saham yang Surabaya Stock Exchanges (currently
ditawarkan tersebut mulai diperdagangkan di Indonesia Stock Exchange or IDX) on
Bursa Efek Jakarta dan Surabaya (sekarang 25 November 1996.
Bursa Efek Indonesia atau BEI) pada tanggal
25 November 1996.
c. Penawaran Umum Saham Terbatas I c. Limited Public Offering I
Pada tanggal 30 Juni 1999, BNI melakukan On 30 June 1999, BNI undertook a Limited
Penawaran Umum Terbatas I dalam rangka Public Offering I (“LPO I”) through the
penerbitan Hak Memesan Efek Terlebih issuance of pre-emptive rights of
Dahulu (HMETD) sebanyak 151.904.480.000 151,904,480,000 Class C shares with a par
saham Seri C dengan nilai nominal sebesar value per share of Rp25 (full amount). Each
Rp25 (nilai penuh) setiap saham. Setiap holder of 1 share was entitled to buy 35 new
pemegang 1 saham lama berhak membeli 35 shares for Rp347.58 (full amount) per share.
saham baru dengan harga Rp347,58 (nilai As a result of LPO I, BNI increased its capital
penuh) setiap saham. Dari penawaran umum by 683,916,500 Class C shares to the public
ini, BNI meningkatkan modal sahamnya on 21 July 1999 and the LPO I listed in the
sebanyak 683.916.500 lembar saham Seri C Jakarta and Surabaya Stock Exchanges
yang diterbitkan kepada masyarakat umum (currently IDX).On 7 April 2000 and 30 June
pada tanggal 21 Juli 1999 dan terdaftar di 2000, BNI also issued 151,220,563,500 Class
Bursa Efek Jakarta dan Surabaya (sekarang C shares to the Government of Indonesia
BEI).BNI juga menerbitkan 151.220.563.500 through the recapitalization program under the
lembar saham Seri C kepada Pemerintah Government Regulation No. 52 year 1999.
Indonesia pada tanggal 7 April 2000 dan 30
Juni 2000 melalui program rekapitalisasi
berdasarkan Peraturan Pemerintah No. 52
tahun 1999.
d. Rekapitalisasi d. Recapitalization
Pada tanggal 30 Maret 2000, Menteri On 30 March 2000, the Ministry of Finance
Keuangan menyetujui rekapitalisasi BNI approved BNI’s recapitalization amounting to
sebesar Rp61,8 triliun, yang meningkat Rp61.8 trillion, which was Rp9 trillion higher
sebesar Rp9 triliun dibandingkan dengan than the amount stated in the Government
jumlah yang ditetapkan dalam Peraturan Regulation No. 52 year 1999. In connection
Pemerintah No. 52 tahun 1999. Sehubungan with the increase in the recapitalization
dengan peningkatan rekapitalisasi tersebut, amount, which was approved in the
yang telah disetujui melalui Peraturan Government Regulation No. 32 year 2000, BNI
Pemerintah No. 32 tahun 2000, BNI issued additional 44,946,404,500 Class C
menerbitkan tambahan saham Seri C shares without pre-emptive rights.
sebanyak 44.946.404.500 saham tanpa Hak
Memesan Efek Terlebih Dahulu.
14
2020 Annual Report
1. INFORMASI UMUM (lanjutan) 1. GENERAL INFORMATION (continued)
d. Rekapitalisasi (lanjutan) d. Recapitalization (continued)
Pada tanggal 20 Juli 2001, modal saham BNI On 20 July 2001, BNI’s capital was reduced by
berkurang sebanyak 1.965.701.500 saham 1,965,701,500 Class C shares in connection
Seri C sehubungan dengan pengembalian with the refund of excess recapitalization funds
kelebihan dana rekapitalisasi kepada to the Government of Indonesia. The refund
Pemerintah Indonesia. Pengembalian tersebut was approved by the shareholders at the
telah disetujui oleh pemegang saham dalam Extraordinary General Shareholders’ Meeting
Rapat Umum Pemegang Saham Luar Biasa held on 25 June 2001.
pada tanggal 25 Juni 2001.
e. Kuasi-reorganisasi e. Quasi-reorganization
Untuk menghilangkan konsekuensi negatif In order for BNI to eliminate the negative
karena dibebani dengan saldo rugi, BNI consequences of being burdened by
melakukan kuasi-reorganisasi sesuai accumulated losses, BNI undertook quasi-
keputusan Rapat Umum Pemegang Saham reorganization as approved in the
Luar Biasa (“RUPS-LB”) tanggal 15 Desember Extraordinary General Shareholders’ Meeting
2003. (“RUPS-LB”) on 15 December 2003.
Penyesuaian kuasi-reorganisasi yang telah The quasi-reorganization adjustments which

dibukukan pada tanggal 30 Juni 2003 adalah were booked on 30 June 2003 were as follows:
sebagai berikut:
Akumulasi kerugian (58,905,232) Accumulated losses
Cadangan umum dan wajib 432,952 General and legal reserve
Cadangan khusus 382,541 Specific reserve
Selisih penilaian kembali aktiva tetap 1,190,598 Fixed assets revaluation reserve
Laba yang belum direalisasi atas efek-efek Unrealize gain on available for
dalam kelompok tersedia untuk dijual 58,660 sale securities
Kenaikan penliaian kembali nilai wajar Revaluation uplift in the fair value
aktiva bersih 2,472,634 of net assets
Tambahan modal disetor 54,367,847 Additional paid in capital
-
Anggaran Dasar BNI telah mengalami BNI’s Articles of Association were amended to
perubahan sehubungan dengan perubahan reflect the changes in additional paid-in capital
tambahan modal disetor karena adanya kuasi- as a result of quasi-reorganization, based on
reorganisasi sesuai dengan akta notaris Agung notarial deed of Agung Prihatin, S.H., No. 42
Prihatin, S.H., No. 42 tanggal 30 Desember dated 30 December 2003 which was approved
2003 dan telah disahkan oleh Menteri Hukum by the Ministry of Law and Human Rights of
dan Hak Asasi Manusia Republik Indonesia the Republic of Indonesia in its decision letter
berdasarkan Surat Keputusan No. C- No. C-29647.HT.01.07.TH.2003 dated
29647.HT.01.07.TH.2003 tanggal 19 19 December 2003 and was published in the
Desember 2003 dan diumumkan pada Berita State Gazette No. 1152, Supplement No. 9
Negara Republik Indonesia No. 1152 tanggal dated 30 January 2004.
30 Januari 2004, Tambahan No. 9.
f. Penawaran Umum Saham Terbatas II f. Limited Public Offering II
Pada tanggal 30 Juli 2007, pada Rapat Umum On 30 July 2007, the Extraordinary General
Pemegang Saham Luar Biasa (RUPSLB), Shareholders’ Meeting approved the issuance
Pemegang Saham telah memutuskan untuk of up to 1,992,253,110 new Class C shares
melakukan Penawaran Umum Terbatas II through Limited Public Offering II with a par
kepada para pemegang saham dalam value per share of Rp375 (full amount).
rangkapenerbitan sampai dengan sejumlah
1.992.253.110 saham Seri C baru dengan nilai
nominal Rp375 (nilai penuh) setiap lembar
saham.
15
2020 Annual Report

f. Penawaran Umum Saham Terbatas II f. Limited Public Offering II (continued)
(lanjutan)
Setiap pemegang 20 saham lama yang Each owner of 20 old shares whose name was
namanya tercatat dalam Daftar Pemegang registered in the List of Shareholders of BNI as
Saham BNI pada tanggal 9 Agustus 2007 of 9 August 2007 at 16.00 WIB was entitled to
pukul 16.00 WIB mempunyai 3 pre-emptive rights where each right entitles
3 HMETD, dimana setiap 1 HMETD the owner to buy a new share at the price of
memberikan hak kepada pemegangnya untuk Rp2,025 (full amount) per share. From the
membeli sebanyak 1 saham baru dengan Limited Public Offering II, BNI raised
harga pelaksanaan Rp2.025 (nilai penuh) Rp747,094 additional share capital and
setiap saham. Dari Penawaran Umum Rp3,287,218 additional paid-in capital and
Terbatas II, BNI mendapatkan tambahan Rp195,280 shares issuance cost.
modal disetor sebesar Rp747.094 dan
tambahan agio saham sebesar Rp3.287.218
dan biaya emisi penerbitan saham sebesar
Rp195.280.
Perdagangan perdana dilaksanakan pada The initial trading took place on 13 August
tanggal 13 Agustus 2007 di Bursa Efek Jakarta 2007 at the Jakarta Stock Exchange and
dan Bursa Efek Surabaya (sekarang BEI). Surabaya Stock Exchange (currently IDX).
g. Penawaran Umum Saham Terbatas III g. Limited Public Offering III
Pada tanggal 25 November 2010, dalam On 25 November 2010, at the Extraordinary
Rapat Umum Pemegang Saham Luar Biasa General Shareholders’ Meeting, the
(RUPSLB), Pemegang Saham telah shareholders decided, among other matters,
memutuskan antara lain untuk menyetujui to increase the issued and paid-up capital
peningkatan modal ditempatkan dan disetor through limited public offering with pre-
BNI melalui Penawaran Umum Terbatas III emptive right (LPO III) to shareholders for the
(PUT III) dengan penerbitan HMETD sebesar issuance of 3,374,715,948 new Class C
3.374.715.948 saham Seri C baru dengan nilai shares with a par value per share of Rp375
nominal Rp375 (nilai penuh) setiap lembar (full amount). Such pre-emptive rights can be
saham. HMETD tersebut dapat traded inside and outside the Indonesia Stock
diperdagangkan di dalam dan di luar Bursa Exchange (IDX) starting 10 December 2010
Efek Indonesia (BEI) mulai tanggal until 16 December 2010, with consideration to
10 Desember 2010 sampai dengan the existing capital market regulation. From
16 Desember 2010, dengan memperhatikan the LPO III, BNI obtained Rp1,265,519
ketentuan yang berlaku di bidang pasar modal. additional share capital and Rp8,950,869
Dari PUT III tersebut, BNI mendapatkan additional paid-in capital, net of shares
tambahan modal disetor sebesar Rp1.265.519 issuance cost.
dan tambahan agio saham, bersih setelah
dikurangkan dengan biaya emisi penerbitan
saham, sebesar Rp8.950.869.
h. Organisasi dan Struktur Manajemen h. Organizational and Management Structure
Susunan Dewan Komisaris dan Direksi BNI The composition of the Boards of
pada tanggal 31 Desember 2020 dan Commissioners and Directors of BNI as of
2019 yang ditetapkan berdasarkan RUPS Luar 31 December 2020 and 2019 based on BNI’s
Biasa BNI tanggal 2 September 2020 yang Extraordinary Shareholders’ General Meeting
dinyatakan dengan Akta Notarial No. 1 tanggal held on 2 September 2020, as stated under
2 September 2020 RUPS tahunan BNI tanggal the Notarial Deed No. 1 dated 2 September
20 Februari 2020 yang dinyatakan dengan 2020 BNI’s Annual Shareholders’ General
Akta Notarial No. 21 tanggal 20 Februari 2020 Meeting held on 20 February 2020 as stated
dan berdasarkan Rapat Umum Pemegang under the Notarial Deed No. 21 dated
Saham (RUPS) Tahunan BNI tanggal 30 20 February 2020 and BNI’s Annual
Agustus 2019 yang dinyatakan dengan Akta Shareholders’ General Meeting held on 30
Notarial No. 55 tanggal 30 Agustus 2019 August 2019, as stated under the Notarial
adalah sebagai berikut: Deed No. 55 dated 30 August 2019 are as
follows:
16
2020 Annual Report

(lanjutan) (continued)
2020
Dewan Komisaris Board of Commissioners
Komisaris Utama/ President Commissioner/
Komisaris Independen Agus Dermawan Wintarto Martowardojo Independent Commissioner
Wakil Komisaris Utama Vice President Commissioner/
Komisaris Independen Pradjoto Independent Commissioner
Komisaris Independen Sigit Widyawan Independent Commissioner
Komisaris Independen Asmawi Syam Independent Commissioner
Komisaris Independen Septian Hario Seto Independent Commissioner
Komisaris Independen Iman Sugema Independent Commissioner
Komisaris Ratih Nurdiati Commissioner
Komisaris Joni Swastanto Commissioner
Komisaris Askolani Commissioner
Komisaris Susyanto Commissioner
2019
Dewan Komisaris Board of Commissioners
Komisaris Utama/ President Commissioner/
Komisaris Independen Ari Kuncoro Independent Commissioner
Komisaris Independen Pataniari Siahaan Independent Commissioner
Komisaris Independen Revrisond Baswir Independent Commissioner
Komisaris Independen Ahmad Fikri Assegaf Independent Commissioner
Komisaris Independen Sigit Widyawan Independent Commissioner
Komisaris Ratih Nurdiati Commissioner
Komisaris Joni Swastanto Commissioner
Komisaris Askolani Commissioner
2020 2019
Direksi Board of Directors
Direktur Utama Royke Tumilaar Achmad Baiquni President Director
Wakil Direktur Utama Adi Sulistyowati Herry Sidharta Vice President Director
Direktur Keuangan Novita Widya Anggraini Ario Bimo Managing Director - Finance
Direktur Corporate Managing Director - Corporate
Banking Silvano W. Rumantir Putrama Wahju Setyawan Banking
Direktur Tresuri Managing Director - Treasury and
dan Internasional Henry Panjaitan Bob Tyasika Ananta International Banking
Direktur Hubungan Managing Director -
Kelembagaan Sis Apik Wijayanto Adi Sulistyowati Institutional Relation
Direktur Manajemen Risiko David Pirzada Rico Budidarmo Managing Director - Risk Management
Direktur Bisnis Usaha Mikro,
Kecil, dan Menengah Managing Director - Micro, Small, and
(UMKM) Muhammad Iqbal Tambok P.S. Simanjuntak Medium Enterprise (MSME)
Direktur Layanan Managing Director - Services
dan Jaringan Ronny Venir - and Network
Direktur Bisnis Managing Director - Consumer
Konsumer Corina Leyla Karnalies Anggoro Eko Cahyo Banking
Direktur Teknologi Informasi Managing Director - Information
dan Operasi Hariantono Dadang Setiabudi Technology and Operation
Direktur Human Capital Managing Director - Human Capital
dan Kepatuhan Bob Tyasika Ananta Endang Hidayatullah and Compliance
Komite Audit**) Audit Committee**)

Ketua Asmawi Syam Pataniari Siahaan Chairman
Anggota Sigit Widyawan Ahmad Fikri Assegaf Member
Anggota Iman Sugema - Member
Anggota Donnaria Silalahi Donnaria Silalahi Member
Anggota Lungguk Gultom Lungguk Gultom Member
*) Sejak tanggal 2 Januari 2021, tidak menjabat sebagai *) Since 2 January 2021, does not part of Audit Committee
Anggota Komite Audit. Member.
**) Pembentukan Komite Audit Bank telah dilakukan sesuai **) The formation of Audit Committee is in accordance with
dengan peraturan OJK No. 55/POJK.04/2015 tanggal Financial Service Authority rule No. 55/POJK.04/2015
29 Desember 2015. dated 29 December 2015.
17
2020 Annual Report

Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, BNI’s
2019, Sekretaris Perusahaan BNI adalah Corporate Secretary is Mucharom and
Mucharom dan Kiryanto. Kiryanto.
Jumlah pegawai BNI adalah sebagai berikut The number of employees of BNI is as follows
(tidak diaudit): (unaudited):
Tetap/ Tidak tetap/
Permanent Non-permanent Total
2020 25,036 2,166 27,202 2020
2019 24,842 2,369 27,211 2019
Kantor pusat BNI berlokasi di Jl. Jend. BNI’s head office is located at Jl. Jend.
Sudirman Kav. 1, Jakarta. Pada tanggal Sudirman Kav. 1, Jakarta. As of 31 December
31 Desember 2020, BNI memiliki 201 kantor 2020, BNI has 201 domestic branches, 1,093
cabang, 1.093 kantor layanan serta 925 outlet sub-branches and 925 other outlets
lainnya (31 Desember 2019: 201 kantor (31 December 2019: 201 domestic branches,
cabang, 1.111 kantor layanan serta 936 outlet 1,111 sub-branches and 936 other outlets)
lainnya) (tidak diaudit). Selain itu, jaringan BNI (unaudited). In addition, BNI’s network also
juga meliputi 5 kantor cabang luar negeri yaitu includes 5 overseas branches located in
Singapura, Hong Kong, Tokyo, London dan Singapore, Hong Kong, Tokyo, London and
Seoul serta 1 kantor perwakilan di New York. Seoul and 1 representative office in New York.
i. Entitas Anak i. Subsidiaries
BNI mempunyai kepemilikan langsung pada BNI has direct ownership in the following
Entitas Anak berikut: Subsidiaries:
Tahun Mulai
Beroperasi Persentase Kepemilikan/ Total Aset/
Komersial/ Percentage of Ownership Total Assets
Year Started
Nama Perusahaan/ Kegiatan Usaha/ Commercial
Company Name Business Activity Operations 2020 2019 2020 2019
PT BNI Life Insurance Asuransi jiwa/

Life insurance 1997 60.00% 60.00% 20,571,078 18,113,288
PT BNI Multifinance Pembiayaan/
Financing 1983 99.99% 99.99% 1,615,766 1,859,603
PT BNI Sekuritas dan
Entitas Anak/and
Subsidiary Sekuritas/Securities 1995 75.00% 75.00% 1,506,429 1,106,011
BNI Remittance Ltd. Jasa keuangan/
Financial services 1998 100.00% 100.00% 11,804 6,472
PT Bank BNI Syariah Perbankan/Banking 2010 99.95% 99.95% 55,010,342 49,980,371
Semua Entitas Anak BNI berkedudukan di All of the Subsidiaries of BNI are domiciled in
Jakarta, kecuali BNI Remittance Ltd. Jakarta, except for BNI Remittance Ltd. which
berkedudukan di Hong Kong. is domiciled in Hong Kong.
PT BNI Life Insurance (“BNI Life”) PT BNI Life Insurance (“BNI Life”)
BNI Life pada awalnya didirikan dengan nama BNI Life was originally established under the
PT Asuransi Jiwa BNI Jiwasraya berdasarkan name PT Asuransi Jiwa BNI Jiwasraya based
Akta Notaris No. 24 tanggal 28 November on Notarial Deed No. 24 dated 28 November
1996. Pada tanggal 26 November 2004, 1996. On 26 November 2004, PT Asuransi
PT Asuransi Jiwa BNI Jiwasraya telah Jiwa BNI Jiwasraya changed its name to
mengubah nama menjadi PT BNI Life PT BNI Life Insurance.
Insurance.
18
2020 Annual Report
i. Entitas Anak (lanjutan) i. Subsidiaries (continued)

PT BNI Life Insurance (“BNI Life”) (lanjutan) PT BNI Life Insurance (“BNI Life”)
(continued)
Sesuai dengan pasal 3 Anggaran Dasar BNI In accordance with Article 3 of BNI Life’s
Life, ruang lingkup kegiatan BNI Life adalah Articles of Association, the scope of BNI Life’s
menjalankan usaha-usaha dalam bidang activities is to engage in life insurance
asuransi jiwa termasuk usaha asuransi jiwa business including life insurance business
dengan prinsip syariah. BNI Life memperoleh under sharia principle. BNI Life obtained its
izin usaha sebagai perusahaan asuransi jiwa operating license as a life insurance company
berdasarkan Keputusan Menteri Keuangan based on the Ministry of Finance of the
Republik Indonesia No. Kep- Republic of Indonesia Decree No. Kep-
305/KMK.017/1997 tanggal 7 Juli 1997. 305/KMK.017/1997 dated 7 July 1997.
Pada bulan Desember 2007, BNI telah In December 2007, BNI increased its
meningkatkan penyertaannya pada BNI Life investment in BNI Life from 59.78% to 69.11%.
dari 59,78% menjadi 69,11%.
Pada tanggal 29 Juli 2008, BNI memberikan On 29 July 2008, BNI granted subordinated
pinjaman subordinasi kepada BNI Life sebesar loan to BNI Life amounting to Rp50,000 which
Rp50.000 yang dapat dikonversikan menjadi can be converted to share capital. In 2008,
modal saham. Pada tahun 2008, BNI juga BNI also injected additional paid-up capital to
memberikan tambahan setoran modal kepada BNI Life amounting to Rp50,000.
BNI Life sebesar Rp50.000.
Pada bulan Januari 2009, pinjaman In January 2009, the subordinated loan was
subordinasi tersebut dikonversikan menjadi converted to share capital which effectively
modal saham yang secara efektif increased BNI’s investment from 69.11% to
meningkatkan investasi BNI dari 69,11% 85.11%. The additional investment was
menjadi 85,11%. Tambahan investasi telah notarized by Notarial Deed No.3 dated
diaktakan dengan Akta Notaris Fathiah Helmi, 6 January 2009 of Fathiah Helmi, S.H., and
S.H., No. 3 tanggal 6 Januari 2009 dan has been approved by the Ministry of Laws
telah mendapat persetujuan dari Menteri and Human Rights of the Republic of
Hukum dan Hak Asasi Manusia Republik Indonesia in its Decision Letter
Indonesia dalam Surat Keputusan No. AHU.07779.AH.01.02.Tahun 2009 dated
No. AHU.07779.AH.01.02.Tahun 2009 tanggal 16 March 2009.
16 Maret 2009.
Pada 9 Desember 2011, BNI meningkatkan On 9 December 2011, BNI increased its
investasi yang dimiliki pada BNI Life senilai investment in BNI Life by Rp149,999 which
Rp149.999 yang meningkatkan kepemilikan increased BNI’s ownership from 85.11% to
BNI dari 85,11% menjadi 91,52%. 91.52%.
Pada bulan September 2012, BNI In September 2012, BNI acquired 8.47% of
mengakuisisi 8,47% saham yang dimiliki oleh shares owned by a non-controlling interest for
kepentingan nonpengendali dengan imbalan a purchase consideration of Rp93,330 thereby
pembelian sebesar Rp93.330 sehingga BNI BNI now holds 99.99% of the equity share
memiliki 99,99% modal saham BNI Life. Selisih capital of BNI Life. The difference between the
antara nilai pembayaran dan nilai buku BNI consideration paid and the book value of BNI
Life pada tanggal transaksi sebesar Rp62.862 Life at the transaction date amounting to
disajikan dalam ekuitas sebagai akun Rp62,862 was presented in equity as
“Transaksi dengan kepentingan “Transactions with non-controlling interests”.
nonpengendali”.
Pada tahun 2013, BNI mengumumkan In 2013, BNI announced a new strategic
kemitraan strategis dengan Sumitomo Life partnership with Sumitomo Life Insurance
Insurance Company (“Sumitomo Life”). Company (“Sumitomo Life”). The new strategic
Kemitraan strategis ini dilakukan melalui partnersip is through acquisition of 40% shares
akuisisi 40% saham BNI Life oleh Sumitomo of BNI Life by Sumitomo Life amounting to
Life senilai Rp4,2 trilliun. Rp4.2 trillion.
19
2020 Annual Report
PT BNI Life Insurance (“BNI Life”) (lanjutan) PT BNI Life Insurance (“BNI Life”)
(continued)
Pada tanggal 4 Desember 2013, BNI Life telah On 4 December 2013, BNI Life has received
menerima uang muka sebesar 15% dari nilai advance payment of 15% from the total
akuisisi saham atau ekuivalen sebesar acquisition shares value or equivalent to
Rp630.000. Rp630,000.
Pada tanggal 11 Maret 2014, BNI Life telah On 11 March 2014, BNI Life has received
menerima persetujuan dari OJK mengenai approval from OJK, concerning the changes of
Persetujuan Rencana Perubahan Kepemilikan share ownership plan in its letter
Saham melalui surat No. S-20/D.05/2014. No.S-20/D.05/2014. On 27 March 2014, the
Pada tanggal 27 Maret 2014, sisa nilai akuisisi remaining acquisition value amounting to
saham sebesar Rp3.570.000 telah disetor Rp3,570,000 has been fully paid by Sumitomo
penuh oleh Sumitomo Life. Seluruh Life. The total cash received from Sumitomo
penerimaan dari Sumitomo Life setelah Life after being deducted by the transaction
dikurangi dengan biaya transaksi dicatat di cost is recorded as “Transactions with non-
dalam akun “transaksi dengan kepentingan controlling interests”.
nonpengendali”.
Pada tanggal 3 April 2014, akuisisi ini telah On 3 April 2014, the acquisition has been
diselesaikan dan diaktakan dengan Akta completed and notarized by Notarial Deed
Notaris No. 7 dan telah mendapatkan No. 7 and was approved by the Ministry of
persetujuan dari Menteri Hukum dan Hak Laws and Human Rights of the Republic of
Asasi Manusia Republik Indonesia dalam Indonesia in its Decision Letter No.
Surat Keputusan No. AHU.01557.40.21.2014 AHU.01557.40.21.2014 dated 29 April 2014.
tanggal 29 April 2014. Akuisisi ini This acquisition diluted BNI’s ownership in BNI
mengakibatkan kepemilikan saham BNI di BNI Life from 99.99% to 60%.
Life terdilusi dari sebelumnya 99,99% menjadi
60%.
Kantor pusat BNI Life berlokasi di Centennial BNI Life’s head office is located in Centennial
Tower, Lantai 9, 10, dan 11 Jl. Gatot Subroto Tower, 9th,10th, and11th floor Jl. Gatot Subroto
Kav. 24-25, Jakarta 12930. Pada tanggal Kav. 24-25, Jakarta 12930. As of
31 Desember 2020, BNI Life memiliki 12 31 December 2020, BNI Life has 12 marketing
kantor pemasaran dan 10 kantor pemasaran offices and 10 personal marketing offices
mandiri yang tersebar di beberapa kota di located in various cities in Indonesia
Indonesia (31 Desember 2019: 17 kantor (31 December 2019: 17 marketing offices and
pemasaran dan 47 kantor pemasaran mandiri) 47 personal marketing offices) (unaudited) and
(tidak diaudit) dan memiliki karyawan has 838 employees as of 31 December 2020
sebanyak 838 orang pada tanggal 31 (31 December 2019: 844 employees)
Desember 2020 (31 Desember 2019: 844 (unaudited).
karyawan) (tidak diaudit).
PT BNI Multifinance (“BNI Multifinance”) PT BNI Multifinance (“BNI Multifinance”)
Sesuai dengan Pasal 3 Anggaran Dasar BNI In accordance with Article 3 of BNI
Multifinance, ruang lingkup kegiatan BNI Multifinance’s Articles of Association, the
Multifinance adalah menjalankan kegiatan scope of the BNI Multifinance’s activities
dalam bidang pembiayaan investasi, involves investment financing, working capital
pembiayaan modal kerja, pembiayaan multi financing, multipurpose financing and
guna dan sewa operasi. operation lease.
20
2020 Annual Report

Dalam Rapat Umum Pemegang Saham In the General Shareholders’ Meeting on

tanggal 19 Juni 2008, yang telah diaktakan 19 June 2008, as covered in the Notarial Deed
dengan Akta Notaris Ariani Lakhsmijati No. 20 dated 23 December 2008 of Ariani
Rachim, S.H., No. 20 tanggal 23 Desember Lakhsmijati Rachim, S.H., the shareholders
2008, pemegang saham telah memberikan approved the planned quasi-reorganization of
persetujuan atas rencana kuasi-reorganisasi BNI Multifinance as of 31 July 2008 which
BNI Multifinance per tanggal 31 Juli 2008 yang became effective on 7 July 2008.
efektif berlaku sejak tanggal 7 Juli 2008.
Berikut adalah mutasi saldo tambahan modal The following are the movements of additional
disetor yang terjadi sebelum dan setelah paid-in capital that occurred before and after
kuasi-reorganisasi: quasi-reorganization:
Tambahan modal disetor/
Additional paid-in capital
Saldo per 31 Juli 2008 Balance as of 31 July 2008

(sebelum kuasi-reorganisasi) (before the quasi-reorganization)
Penurunan nilai nominal saham 387,939 Decrease in par value of shares
Eliminasi dalam rangka kuasi-reorganisasi Elimination related to quasi-reorganization
Koreksi atas pajak tangguhan (15,208) Correction of deferred tax
Selisih penilaian kembali aset dan liabilitas (1,473) Revaluation of assets and liabilities
Saldo defisit (370,033) Deficit
Saldo per 31 Juli 2008 Balance as of 31 July 2008

(setelah kuasi-reorganisasi) 1,225 (after the quasi-reorganization)
Sesuai keputusan pemegang saham BNI In accordance with decisions of BNI

Multifinance tanggal 7 Juni 2013, telah Multifinance’s shareholders on 7 June 2013, it
disetujui penambahan penyertaan BNI di BNI was approved to increase BNI’s investment in
Multifinance dengan mengkonversi pinjaman BNI Multifinance by converting subordinated
subordinasi menjadi penyertaan sebesar loans into equity amounting to Rp75,000.
Rp75.000.
Atas konversi pinjaman subordinasi tersebut As a result of the above subordinated loans
menyebabkan penyertaan BNI pada BNI conversion, BNI’s investment in BNI
Multifinance menjadi sebesar Rp95.414 Multifinance become Rp95,414 (1,908,279,707
(1.908.279.707 lembar saham dengan nilai shares with a nominal value of Rp50 (full
nominal Rp50 (nilai penuh) per lembar saham). amount) per share).
Perubahan terakhir Anggaran Dasar BNI The latest amendment of BNI Multifinance’s
Multifinance dilakukan antara lain tentang Articles of Association was made regarding,
penyusunan kembali Anggaran Dasar dan among other matters, the increase in issued
penambahan modal ditempatkan dan disetor and fully paid capital amounting to
Perusahaan sebesar Rp203.000.000.000 dan Rp203,000,000,000 and issuance of
seluruhnya sejumlah penerbitan 4.060.000.000 4,060,000,000 shares contributed by BNI,
saham Perusahaan oleh BNI sesuai dengan based on Notarial Deed No.90 dated 23 June
Akta No. 90 tanggal 23 Juni 2016 Notaris I 2016 of I Gede Buda Gunamanta, S.H. and
Gede Buda Gunamanta, S.H. telah mendapat has been approved by the Ministry of Laws
persetujuan dari Menteri Hukum dan Hak and Human Rights of the Republic of
Asasi Manusia Republik Indonesia, dengan Indonesia, in its Decision Letter No. AHU-
Surat Keputusan No. AHU-AH.01.03-0060863 AH.01.03-0060863 dated 24 June 2016.
tanggal 24 Juni 2016.
21
2020 Annual Report

Kantor pusat BNI Multifinance berlokasi di BNI Multifinance head office is located in
Gedung BNI Life Insurance, lantai 5, Jl. Aipda Gedung BNI Life Insurance, 5th floor, Jl. Aipda
KS. Tubun No. 67, Jakarta 10260. Pada KS. Tubun No. 67, Jakarta 10260. As of
tanggal 31 Desember 2020 dan 2019, BNI 31 December 2020 and 2019, BNI Multifinance
Multifinance memiliki 9 outlet cabang tersebar has 9 counters located in various cities in
di beberapa kota di Indonesia (tidak diaudit) Indonesia (unaudited) and had 131 and 124
dan memiliki 131 dan 124 karyawan masing- employees as of 31 December 2020 and 2019,
masing pada tanggal 31 Desember 2020 dan respectively (unaudited).
2019 (tidak diaudit).
PT BNI Sekuritas (“BNI Sekuritas”) dan PT BNI Sekuritas (“BNI Sekuritas”) and
Entitas Anak Subsidiary
BNI Sekuritas didirikan berdasarkan Akta BNI Sekuritas was established by virtue of
Notaris No. 22 tanggal 12 April 1995 dari Notarial Deed No. 22 dated 12 April 1995 of
Koesbiono Sarmanhadi, S.H., di Jakarta. Akta Koesbiono Sarmanhadi, S.H., in Jakarta. The
tersebut kemudian diubah dengan akta No. 39 deed was amended by Notarial Deed No. 39
dari notaris yang sama tanggal 3 Mei 1995. dated 3 May 1995 of the same notary. The
Akta pendirian dan perubahannya disahkan Deed of Establishment and amendment
oleh Menteri Kehakiman Republik Indonesia thereon were approved by the Decision Letter
dalam Surat Keputusan No. C2- of the Ministry of Justice of the Republic of
6278.HT.01.01.Th.95 tanggal 19 Mei 1995, Indonesia No. C2-6278.HT.01.01.Th.95 dated
serta diumumkan dalam Berita Negara 19 May 1995 and was published in the State
Republik Indonesia No. 55, Tambahan No. Gazette No. 55, Supplement No. 5804 dated
5804 tanggal 11 Juli 1995. 11 July 1995.
Berdasarkan Pasal 3 dari Anggaran Dasar BNI In accordance with Article 3 of BNI Sekuritas’
Sekuritas, ruang lingkup kegiatan usahanya Articles of Association, the scope of its
meliputi perdagangan efek, termasuk business activities comprises of securities
didalamnya bertindak sebagai penjamin dan trading, including investment underwriting and
penasehat investasi dan kegiatan lain yang advisory investment and other related activities
berhubungan dengan kegiatan tersebut allowed by Financial Service Authority (OJK),
dengan memperhatikan peraturan Otoritas previously the Capital Market and Financial
Jasa Keuangan (OJK), dahulu Badan Institutions Supervisory Agency (Bapepam and
Pengawas Pasar Modal dan Lembaga LK) and other regulations.
Keuangan (Bapepam dan LK) dan peraturan
perundang-undangan lain yang berlaku.
Pada bulan Juli 2011, SBI Securities Co. Ltd. In July 2011, SBI Securities Co. Ltd. made an
memberikan dana untuk penanaman modal di equity investment in BNI Sekuritas which
BNI Sekuritas yang mengurangi kepemilikan reduced BNI ownership in BNI Sekuritas from
BNI di BNI Sekuritas dari 99,85% menjadi 99.85% to 75%.
75%.
22
2020 Annual Report
PT BNI Sekuritas (“BNI Sekuritas”) dan PT BNI Sekuritas (“BNI Sekuritas”) and
Entitas Anak (lanjutan) Subsidiary (continued)
Berdasarkan Rapat Umum Pemegang Saham Based on Extraordinary General Meeting of

Luar Biasa PT BNI Sekuritas sebagaimana PT BNI Sekuritas shareholders as stated in
tercantum dalam Akta Berita Acara Rapat deed of Extraordinary General Meeting of
Umum Pemegang Saham Luar Biasa PT BNI PT BNI Sekuritas shareholders No. 26 from
Sekuritas No. 26 dari Notaris Fardian, S.H Notary Fardian, S.H date 29 July 2019, the
tanggal 29 Juli 2019, pemegang saham shareholders agreed to increase the total
menyetujui peningkatan modal ditempatkan issued and fully paid shares amounting to
dan disetor melalui pengeluaran saham baru Rp300,000. This capital increase has been
senilai Rp300.000. Atas meningkatan modal ini approved by OJK through its letter No. S-
telah mendapatkan persetujuan dari OJK 911/PM.21/2019 dated 1 August 2019.
melalui suratnya No. S-911/PM.21/2019
tanggal 1 Agustus 2019.
Berdasarkan Pernyataan Keputusan Sirkuler Based on Statement of Shareholders’s Circular

Pemegang Saham sebagaimana tercantum Decree as stated in deed of Vivi Notiva
dalam Akta Notaris Vivi Novita Ranadireksa, Ranadireksa, S.H., M.Kn. Notary No. 20 dated
S.H., M.Kn No. 20 tanggal 12 November 2019, 12 November 2019, shareholders agreed to
pemegang saham setuju untuk melakukan paid in capital to BNI Sekuritas amounting to
penyetoran modal pada BNI Sekuritas senilai Rp300,000. This capital increase did not
Rp300.000. Peningkatan modal ini tidak change the percentage of shareholders
menyebabkan perubahan pada komposisi ownership composition in BNI Sekuritas.
persentase pemegang saham pada BNI
Sekuritas.
BNI Sekuritas memiliki 99,90% dari jumlah BNI Sekuritas owns 99.90% of the total share
saham PT BNI Asset Management (“BNI Asset capital of PT BNI Asset Management (“BNI
Management”), entitas anak yang didirikan Asset Management”), a subsidiary established
tanggal 28 Maret 2011 dan bergerak di bidang on 28 March 2011 and engaged in investment
manajemen dan penasehat investasi. management and advisory activities.
BNI Asset Management merupakan hasil BNI Asset Management was established from
pemekaran usaha (spin-off) Divisi Manajemen the spin-off of the Investment Management
Investasi BNI Sekuritas. Proses pendiriannya Division of BNI Sekuritas. The spin-off was
telah disetujui dalam Rapat Umum Pemegang approved during BNI Sekuritas Shareholders’
Saham Luar Biasa BNI Sekuritas tanggal Extraordinary General Meeting dated 1 March
1 Maret 2011. Pemekaran usaha tersebut 2011. The spin-off was conducted in
dilakukan dengan mengacu kepada Peraturan accordance with Bapepam and LK Regulation
Bapepam dan LK No. V.D.11 sebagai No. V.D.11 as attached in the decree of the
lampiran dalam surat keputusan Ketua Chairman of Bapepam and LK No. Kep-
Bapepam dan LK No. Kep-480/BL/2009 480/BL/2009 regarding the Guidelines for
tentang Pedoman Pelaksanaan Fungsi-fungsi Investment Manager’s Functions.
Manajer Investasi.
Kantor pusat BNI Sekuritas berlokasi di BNI Sekuritas’ head office is located in
Sudirman Plaza Indofood Tower, lantai 16, Sudirman Plaza Indofood Tower, 16th floor,
Jl. Jenderal Sudirman Kav. 76-78, Jakarta Jl. Jenderal Sudirman Kav. 76-78, Jakarta
12910, Indonesia. Pada tanggal 31 Desember 12910, Indonesia. As of 31 December 2020,
2020 BNI Sekuritas memiliki 51 outlet cabang BNI Sekuritas has 51 counters located in
yang tersebar di beberapa kota di Indonesia various cities in Indonesia (31 December
(31 Desember 2019: 50 outlet cabang) (tidak 2019: 50 outlets) (unaudited) and has 325
diaudit) dan memiliki karyawan sebanyak 325 employees as of
orang pada tanggal 31 Desember 2020 31 December 2020 (31 December 2019: 289
(31 Desember 2019: 289 orang) (tidak diaudit). employees) (unaudited).
23
2020 Annual Report

BNI Remittance Ltd. (dahulu BNI BNI Remittance Ltd. (formerly BNI
Nakertrans) Nakertrans)
BNI telah menambah modalnya sebesar On 11 June 2009, BNI increased its capital by
HKD7.434.944 (nilai penuh) setara dengan HKD7,434,944 (full amount) equivalent to
Rp10.000 pada tanggal 11 Juni 2009 yang Rp10,000, which was recorded using the cost
dicatat menggunakan metode biaya. Kantor method. The main office of BNI Remittance
pusat BNI Remittance Ltd. berada di Ltd. is located in Causeway Bay, Hong Kong
Causeway Bay, Hong Kong dan memiliki and has 7 and 8 employees as of
karyawan sebanyak 7 dan 8 orang pada 31 December 2020 and 2019, respectively
tanggal 31 Desember 2020 dan 2019 (tidak (unaudited).
diaudit).
PT Bank BNI Syariah (“BNI Syariah”) PT Bank BNI Syariah (“BNI Syariah”)
BNI Syariah didirikan dengan Akta Pendirian BNI Syariah was established based on
Nomor 160 tanggal 22 Maret 2010 yang dibuat Establishment Deed No. 160 dated 22 March
di hadapan Aulia Taufani, S.H., sebagai 2010 which was notarized by Aulia Taufani,
Pengganti Sutjipto, S.H., notaris di Jakarta. S.H., as the substitute of Sutjipto, S.H., notary
Akta Pendirian tersebut telah memperoleh in Jakarta. The Establishment Deed was
pengesahan dari Menteri Hukum dan Hak approved by the Ministry of Laws and Human
Asasi Manusia Republik Indonesia melalui Rights ofthe Republic of Indonesia through
Surat No. AHU-15574.AH.01.01.Tahun 2010 Letter No. AHU-15574.AH.01.01.Tahun 2010
tanggal 25 Maret 2010. dated 25 March 2010.
BNI Syariah adalah bank umum syariah yang BNI Syariah is a general sharia bank as a
merupakan hasil pemekaran usaha (spin-off) result of the spin-off of the Sharia Business
Unit Usaha Syariah BNI (“UUS BNI”). Proses Unit of BNI (“UUS BNI”). The establishment
pendiriannya telah disetujui oleh Rapat Umum process was approved at the Shareholders’
Pemegang Saham Luar Biasa BNI tanggal Extraordinary General Meeting of BNI held on
5 Oktober 2009 sesuai akta No. 37 Notaris 5 October 2009 in accordance with the deed
Fathiah Helmi, S.H. Pemekaran usaha No. 37 of Notary Fathiah Helmi, S.H. The spin-
dilakukan dengan mengacu kepada PBI off was conducted in accordance with PBI
No. 11/10/PBI/2009 tentang Unit Usaha No. 11/10/PBI/2009 regarding Sharia Business
Syariah dengan cara mendirikan bank umum Unit by establishing a new general sharia
syariah baru. bank.
Pemberitahuan atas rancangan spin-off The announcement to the employees,
kepada karyawan, nasabah dan pihak ketiga customers and third parties regarding the
telah diumumkan di surat kabar nasional pada planned spin-off was made through a national
tanggal 12 Agustus 2009 sedangkan newspaper on 12 August 2009 while the
pemberitahuan atas rencana pengalihan hak announcement regarding the transfer of the
dan liabilitas UUS BNI telah diumumkan di rights and obligations of UUS BNI was made
surat kabar nasional pada tanggal 15 Februari through a national newspaper on 15 February
2010. Pendirian tersebut dilakukan dengan izin 2010. The establishment was approved by
Bank Indonesia melalui dua tahap yaitu Bank Indonesia in two stages, which are the
persetujuan izin prinsip usaha dan izin usaha. approval of the business license in principle
Pada tanggal 8 Februari 2010 BNI Syariah and the business license. On 8 February 2010,
telah mendapatkan izin prinsip dari Bank BNI Syariah received its license in principle
Indonesia untuk melaksanakan pemisahan from Bank Indonesia to conduct the separation
UUS Bank BNI berdasarkan surat of UUS BNI based on Bank Indonesia letter
No. 12/2/DpG/Dpbs. Pemisahan UUS BNI No. 12/2/DpG/Dpbs. The separation of UUS
dilakukan dengan Akta Pemisahan Nomor 159 BNI was made under Separation Deed
tanggal 22 Maret 2010 yang dibuat di hadapan No. 159 dated 22 March 2010 which was
Aulia Taufani, S.H. sebagai pengganti Sutjipto, notarized by Aulia Taufani, S.H., as the
S.H., notaris di Jakarta. substitute of Sutjipto, S.H., notary in Jakarta.
24
2020 Annual Report

Pada tanggal 21 Mei 2010, BNI Syariah On 21 May 2010, BNI Syariah received its
memperoleh izin usaha dari Bank Indonesia, business license from Bank Indonesia, based
berdasarkan Keputusan Gubernur Bank on the Decision Letter No. 12/41/
Indonesia No. 12/41/KEP.GBI/2010. KEP.GBI/2010 of the Governor of Bank
Selanjutnya pemisahan terjadi secara efektif Indonesia. The separation became effective on
pada tanggal 19 Juni 2010, yakni saat pertama 19 June 2010, in which BNI Syariah started its
kalinya BNI Syariah melakukan kegiatan operational activity, as reported to Bank
usaha, sebagaimana yang dilaporkan kepada Indonesia under letter No. Dir/1/03 dated
Bank Indonesia dengan surat No. Dir/1/03 19 June 2010 regarding the Report on the
tanggal 19 Juni 2010 perihal Laporan Implementation of the Opening of General
Pelaksanaan Pembukaan Bank Umum Syariah Sharia Bank Resulting from the Spin-Off.
Hasil Pemisahan.
BNI Syariah menjalankan operasional sebagai BNI Syariah started its operational activities as
bank devisa sejak tanggal 9 Juli 2010 a foreign exchange bank on 9 July 2010 based
berdasarkan Salinan Surat Keputusan on the Copy of the Decision Letter
Deputi Gubernur Bank Indonesia No. 12/5/KEP.DpG/2010 of the Deputy
No. 12/5/KEP.DpG/2010 tertanggal 9 Juli Governor of Bank Indonesia dated 9 July
2010. 2010.
Sehubungan dengan telah beroperasinya BNI As BNI Syariah has commenced its
Syariah, maka Bank Indonesia pada tanggal operations, UUS BNI’s business license was
27 Agustus 2010 mencabut izin usaha UUS revoked pursuant to the Decision Letter
Bank BNI melalui keputusan Deputi Gubernur No. 12/7/KEP.DpG/2010 of the Deputy
Bank Indonesia No.12/7/KEP.DpG/2010. Governor of Bank Indonesia dated 27 August
2010.
Berdasarkan Keputusan Para Pemegang Based on Decision from Shareholders as a

Saham sebagai pengganti Rapat Umum replacement of Extraordinary General
Pemegang Saham Luar Biasa BNI Syariah Shareholders’ Meeting of BNI Syariah dated
pada tanggal 18 September 2014 sesuai 18 September 2014 in accordance with
dengan Akta Notarial No. 53, BNI dan BNI Life Notarial Deed No. 53, BNI and BNI Life have
masing-masing menambah modal ditempatkan increased the issued and fully paid capital
dan disetor penuh sebesar amounting to Rp500,000,000,000 (full amount)
Rp500.000.000.000 (nilai penuh) dan and Rp500,000,000 (full amount), respectively,
Rp500.000.000 (nilai penuh), secara tunai in cash through the issuance of shares from
dengan mengeluarkan saham dari modal authorized capital amounting to 500,500
dasar sejumlah 500.500 lembar saham shares with nominal value of Rp1,000,000 (full
dengan nilai nominal Rp1.000.000 (nilai amount) per share.
penuh) per saham.
Penambahan modal saham ini telah The additional share capital has been
mendapatkan persetujuan dari OJK approved by OJK based on OJK Letter
berdasarkan Surat OJK melalui Pelaksana through Daily Executive Bank Supervision
Harian (Plh) Kepala Departemen Pengawasan Department I No. S-67/PB.31/2014 dated
Bank I No. S-67/PB.31/2014 tanggal 25 August 2014.
25 Agustus 2014.
25
2020 Annual Report
Penambahan setoran modal ini telah This additional share capital has been
mendapat persetujuan dari Menteri Hukum approved by Ministry of Laws and Human
dan Hak Asasi Manusia Republik Indonesia Rights of the Republic of Indonesia in Decision
dengan Surat Keputusan No. AHU- Letter No. AHU-06781.40.21.2014 regarding
06781.40.21.2014 Perihal Penerimaan The Acceptance of Notification on the
Pemberitahuan Perubahan Anggaran Dasar Amendment of BNI Syariah’s Articles of
BNI Syariah. Association.
Berdasarkan Keputusan Para Pemegang Based on the Decision of the Shareholders in

Saham sebagai pengganti Rapat Umum lieu of the Shareholders’ Extraordinary
Pemegang Saham Luar Biasa BNI Syariah General Meeting of BNI Syariah on 29
pada tanggal 29 Desember 2017, PT Bank December 2017, PT Bank Negara Indonesia
Negara Indonesia (Persero) Tbk menambah Tbk increased its capital issued and fully paid-
modal ditempatkan dan disetor penuh sebesar in capital by Rp1,000,000,000,000 (full
Rp1.000.000.000.000 (nilai penuh), secara amount), in cash by issuing shares of
tunai dengan mengeluarkan saham dari modal authorized capital of 1,000,000 shares with par
dasar sejumlah 1.000.000 lembar saham value of Rp1,000,000 (full amount) per share.
dengan nilai nominal Rp1.000.000 (nilai
penuh) per saham.
Berdasarkan Keputusan Para Pemegang Based on the Decision from Shareholders in

Saham Sebagai Pengganti Rapat Umum replacement of the Shareholders’
Pemegang Saham Luar Biasa PT Bank BNI Extraordinary General Meeting of BNI Syariah
Syariah pada tanggal 24 Maret 2020, sesuai on March 24, 2020, in accordance with notarial
dengan akta No.4 dengan dari Notaris & PPAT deed No. 4 of Notary Gamal Wahidin, S.H. in
Gamal Wahidin S.H tanggal 26 Maret dan 29 Jakarta, which has been approved by the
Juni 2020, di Jakarta, yang telah memperoleh Minister of Law and Human Rights of the
pengesahan Menteri Hukum dan Hak Asasi Republic of Indonesia No. AHU-
Manusia Republik Indonesia No. AHU- 0059630.AH.01.11 and AHU-
0059630.AH.01.11 dan AHU- 0102042.AH.01.11 in 2020. PT Bank Negara
0102042.AH.01.11 tahun 2020. PT Bank Indonesia (Persero) Tbk had additional paid in
Negara Indonesia (Persero) Tbk menambah capital amounting to Rp419,835,000,000 (full
modal ditempatkan dan disetor penuh sebesar amount), in the form of Inbreng.
Rp419.835.000.000 (nilai penuh), berupa
barang tidak bergerak (inbreng).
Kantor pusat BNI Syariah berlokasi di Gedung BNI Syariah’s head office is located in Gedung
Tempo Pavillion 1, Jl. HR Rasuna Said Kav. Tempo Pavillion 1, Jl. HR Rasuna Said
11, Kuningan, Jakarta 12950 - Indonesia. Pada Kav. 11, Kuningan, Jakarta 12950 - Indonesia.
tanggal 31 Desember 2020, BNI Syariah As of 31 December 2020, BNI Syariah has 68
memiliki 68 kantor cabang, 241 kantor cabang branches, 241 sub-branches and 93 other
pembantu dan 93 outlet lainnya yang tersebar outlets located in various cities in Indonesia
di beberapa kota di Indonesia (31 Desember (31 December 2019: 68 branches, 218 sub-
2019: 68 kantor cabang, 218 kantor cabang branches and 97 other outlets) (unaudited)
pembantu dan 97 outlet lainnya) (tidak diaudit) and has 5,738 employees as of 31 December
dan memiliki karyawan sebanyak 5.738 orang 2020 (31 December 2019: 5,723 employees)
pada tanggal 31 Desember 2020 (unaudited).
(31 Desember 2019: 5.723 karyawan) (tidak
diaudit).
26
2020 Annual Report
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF SIGNIFICANT ACCOUNTING

PENTING POLICIES
Laporan keuangan konsolidasian BNI dan Entitas The consolidated financial statements of BNI and
Anak (“Grup”) ini diselesaikan dan diotorisasi untuk Subsidiaries (“Group”) were completed and
terbit oleh Direksi pada tanggal 22 Januari 2021. authorized for issuance by the Board of Directors
on 22 January 2021.
Kebijakan akuntansi utama yang diterapkan The principal accounting policies adopted in
dalam penyusunan laporan keuangan preparing the consolidated financial statements of
konsolidasian BNI dan Entitas Anak (“Grup”) BNI and Subsidiaries (“Group”) are set out below:
adalah seperti dijabarkan dibawah ini:
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated
konsolidasian financial statements
Laporan keuangan konsolidasian disusun dan The consolidated financial statements have
disajikan sesuai dengan Standar Akuntansi been prepared and presented in accordance
Keuangan di Indonesia, dan Peraturan with Indonesian Financial Accounting
Bapepam dan LK No. VIII.G.7 Lampiran Standards, and Bapepam and LK regulation
Keputusan Ketua Bapepam dan LK No. KEP- No. VIII.G.7 Attachment of the Chairman of
347/BL/2012 tanggal 25 Juni 2012 tentang Bapepam and LK’s decree No. KEP-
“Pedoman Penyajian dan Pengungkapan 347/BL/2012 dated 25 June 2012, “Guidelines
Laporan Keuangan Emiten atau Perusahaan for Financial Statements Presentation and
Publik”. Disclosure for Issuer or Public Companies”.
Entitas Anak, BNI Syariah, yang beroperasi A Subsidiary, BNI Syariah, which is engaged
dalam bidang perbankan dengan prinsip in sharia banking presents financial
syariah menyajikan laporan keuangan sesuai statements in conformity with sharia
dengan prinsip akuntansi syariah sesuai accounting principles in accordance with
dengan PSAK No. 101 (Revisi 2016) tentang SFAS No. 101 (Revised 2016), “Presentation
“Penyajian Laporan Keuangan Syariah”, PSAK of Sharia Financial Statements”, SFAS
No. 102 (Revisi 2019) tentang “Akuntansi No. 102 (Revised 2019), “Accounting for
Murabahah”, PSAK No. 105 tentang Murabahah”, SFAS No. 105, “Accounting for
“Akuntansi Mudharabah”, PSAK No. 106 Mudharabah”, SFAS No. 106, “Accounting for
tentang “Akuntansi Musyarakah”, PSAK Musyarakah” and SFAS (Revised 2016) No.
No. 107 (Revisi 2016) tentang “Akuntansi 107, “Accounting for Ijarah”, SFAS No. 110
Ijarah”, PSAK No. 110 (Revisi 2015) tentang (Revised 2015) “Accounting for Sukuk”, SFAS
“Akuntansi Sukuk”, PSAK No. 111 tentang No. 111, “Accounting for Wa’d” and Indonesia
“Akuntansi Wa’d” dan Pedoman Akuntansi Sharia Banking Accounting Guidelines (PAPSI
Perbankan Syariah Indonesia (PAPSI Revisi Revised 2013). The Bank also applied
2013). Bank juga menerapkan Standar Indonesian Financial Accounting Standards
Akuntansi Keuangan yang ditetapkan Ikatan issued by The Indonesian Institute of
Akuntan Indonesia (IAI) dan Peraturan Accountants (IAI) and BAPEPAM and LK
Bapepam dan LK No. VIII.G.7 Lampiran regulation No. VIII.G.7 Attachment of the
Keputusan Ketua Bapepam dan LK No. KEP- Chairman of BAPEPAM and LK’s decree No.
347/BL/2012 tanggal 25 Juni 2012 tentang KEP-347/BL/2012 dated June 25, 2012,
Pedoman Penyajian dan Pengungkapan “Guidelines for Financial Statements
Laporan Keuangan Emiten atau Perusahaan Presentation and Disclosure for Issuer or
Publik. Public Companies”.
Laporan keuangan konsolidasian telah The consolidated financial statements have

disajikan berdasarkan konsep harga been prepared on a historical cost basis, as
perolehan, yang dimodifikasi oleh revaluasi modified by revaluation of land and buildings,
tanah dan bangunan, aset keuangan yang at fair value through other comprehensive
diukur pada nilai wajar melalui penghasilan income financial assets, and financial assets
komprehensif lain dan aset dan liabilitas and liabilites (including derivative instruments)
keuangan (termasuk instrumen derivatif) yang at fair value through profit or loss, and under
diukur pada nilai wajar melalui laba rugi, the accrual basis of accounting, except for
serta disusun dengan dasar akrual, kecuali profit sharing for Mudharabah and musyarakah
bagi hasil dari pembiayaan Mudharabah dan financing and consolidated statements of cash
musyarakah dan laporan arus kas flows.
konsolidasian.
27
2020 Annual Report

PENTING (lanjutan) POLICIES (continued)
a. Dasar penyusunan laporan keuangan a. Basis of preparation of the consolidated

konsolidasian (lanjutan) financial statements (continued)
Laporan arus kas konsolidasian disusun The consolidated statements of cash flows are
dengan menggunakan metode langsung prepared in the direct method with cash flows
dengan mengelompokkan arus kas dalam classified into operating, investing and
aktivitas operasi, investasi dan pendanaan. financing activities. Cash and cash equivalents
Kas dan setara kas terdiri dari kas, giro pada consist of cash, current accounts with Bank
Bank Indonesia dan giro pada bank lain, Indonesia and current accounts with other
penempatan pada bank lain dan Sertifikat banks, placements with other banks and
Bank Indonesia yang jatuh tempo dalam Certificates of Bank Indonesia maturing within
waktu 3 bulan atau kurang sejak tanggal 3 months from the date of acquisition, and
perolehan, sepanjang tidak digunakan which are not pledged as collateral for
sebagai jaminan atas pinjaman yang diterima borrowings nor restricted.
serta tidak dibatasi penggunaannya.
Pos-pos dalam penghasilan komprehensif Items within others comprehensive income are
lainnya disajikan terpisah antara akun-akun classified separately, between accounts which
yang akan direklasifikasikan ke laba rugi dan will be reclassified to profit or loss and which
akun-akun yang tidak akan direklasifikasikan will not be reclassified to profit or loss.
ke laba rugi.
Mata uang pelaporan yang digunakan dalam The reporting currency used for the
laporan keuangan konsolidasian adalah mata consolidated financial statements is the
uang Rupiah (Rp). Angka-angka yang Indonesian Rupiah (Rp). Unless otherwise
disajikan dalam laporan keuangan stated, all figures presented in the
konsolidasian, kecuali bila dinyatakan secara consolidated financial statements are rounded
khusus, adalah dibulatkan dalam jutaan off to millions of Rupiah.
Rupiah.
b. Perubahan Pernyataan Standar Akuntansi b. Changes to Statements of Financial

Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan of Statements of Financial Accounting
Standards
Pada tanggal 1 Januari 2020, Grup On 1 January 2020, the Group adopted new
menerapkan Pernyataan Standar Akuntansi and revised Statements of Financial
Keuangan (“PSAK”) dan Interpretasi Standar Accounting Standards (“SFAS”) and
Akuntansi Keuangan (“ISAK”) baru dan revisi Interpretations of Statements of Financial
yang efektif sejak tanggal tersebut. Accounting Standards (“ISFAS”) that are
Perubahan kebijakan akuntansi Grup telah mandatory for application from that date.
dibuat seperti yang disyaratkan, sesuai Changes to the Group’s accounting policies
dengan ketentuan transisi dalam masing- have been made as required, in accordance
masing standar dan interpretasi. with the transitional provisions in the
respective standards and interpretations.
28
2020 Annual Report

b. Perubahan Pernyataan Standar Akuntansi b. Changes to Statements of Financial

Keuangan dan Interpretasi Standar Accounting Standards and Interpretations
Akuntansi Keuangan (lanjutan) of Statements of Financial Accounting
Standards (continued)
Grup telah mengadopsi persyaratan PSAK The Group has adopted the requirements of
No. 71: Instrumen Keuangan mulai 1 Januari SFAS No. 71: Financial Instruments starting
2020. Klasifikasi dan pengukuran, dan 1 January 2020. Classification and
persyaratan penurunan nilai aset keuangan, measurement, and impairment requirements
diterapkan secara retrospektif dengan for financial assets, are applied retrospectively
menyesuaikan saldo laba pada tanggal by adjusting retained earnings at the initial
penerapan awal. Sebagaimana diizinkan oleh implementation date. As permitted by SFAS
PSAK No. 71, Grup tidak menyajikan kembali No. 71, the Group does not restate the
periode komparatif. comparative period.
Grup juga telah mengadopsi PSAK No. 73: The Group has also adopted SFAS No. 73:
Sewa mulai 1 Januari 2020. Identifikasi dan Leases from 1 January 2020. Identification and
pengukuran atas aset hak guna dan liabilitas measurement of the asset's rights and lease
sewa diterapkan secara modified retrospective liabilities are applied on a modified
tanpa penyajian kembali periode komparatif. retrospective basis without a restatemment for
comparative period.
Dampak atas penerapan PSAK No. 71: Impact of the adoption of SFAS No. 71:
Instrumen Keuangan dan PSAK No. 73: Sewa Financial Instruments and SFAS No. 73:
pada tanggal 1 Januari 2020 diungkapkan Leases on 1 January 2020 is disclosed in Note
pada Catatan 60. 60.
Penerapan dari standar dan interpretasi baru The adoption of these new and revised
berikut, tidak menimbulkan perubahan standards and interpretation did not result in
substansial terhadap kebijakan akuntansi Grup substantial changes to Group’s accounting
dan tidak berdampak signifikan terhadap policies and had no material effect on the
jumlah yang dilaporkan pada tahun berjalan amounts reported for the current or prior
atau tahun sebelumnya: financial years:
• Amandemen PSAK No. 1: Penyajian • Amendments of SFAS No. 1:

Laporan Keuangan Presentation of Financial Statements
• Amandemen PSAK No. 25: Kebijakan • Amendment of SFAS No. 25: Accounting
Akuntansi, Perubahan Estimasi Policies, Changes in Accounting
Akuntansi, dan Kesalahan Estimates, and Errors
• Penyesuaian 2019 PSAK No. 1: • Adjustment of 2019 SFAS No. 1:
Penyajian Laporan Keuangan Presentation of Financial Statements
• Revisi 2019 Kerangka Konseptual • Revised 2019 Conceptual Framework for
Pelaporan Keuangan Financial Reporting.
• PSAK No. 72: Pendapatan dari Kontrak • SFAS No. 72: Revenue from Contract with
dengan Pelanggan Customers
• PSAK No. 15 (Amandemen 2017): • SFAS No. 15 (Amendment 2017):
Investasi pada Entitas Asosiasi dan Investment in Associates and Joint
Ventura Bersama Venture
29
2020 Annual Report

c. Aset dan liabilitas keuangan c. Financial assets and liabilities
(i) Klasifikasi (i) Classification

Kebijakan akuntansi yang berlaku sejak Applicable accounting policies as of
1 Januari 2020 1 January 2020
Grup mengklasifikasikan aset The Group classifies its financial assets

keuangannya berdasarkan kategori according to the following categories at
sebagai berikut pada saat pengakuan initial recognition:
awal:
• Aset keuangan yang diukur pada nilai • Financial assets measured at fair
wajar melalui laba rugi; value through profit or loss;
• Aset keuangan yang diukur pada nilai • Financial assets measured at fair
wajar melalui penghasilan value through other comprehensive
komprehensif lain; income;
• Aset keuangan yang diukur pada • Financial assets measured at
biaya perolehan diamortisasi. amortized cost.
Aset keuangan diukur pada biaya Financial assets are measured at

perolehan diamortisasi jika memenuhi amortized cost if they meet the following
kondisi sebagai berikut: conditions:
• aset keuangan dikelola dalam model • financial assets are managed in a
bisnis yang bertujuan untuk memiliki business model that aims to have
aset keuangan dalam rangka financial assets in order to obtain
mendapatkan arus kas kontraktual; contractual cash flow; and
dan
• persyaratan kontraktual dari aset • the contractual terms of the financial
keuangan tersebut memberikan hak asset provide rights on a certain date
pada tanggal tertentu atas arus kas for cash flow obtained solely from
yang diperoleh semata dari payment of principal and interest
pembayaran pokok dan bunga (SPPI) (SPPI) on the principal amount owed.
dari jumlah pokok terutang.
Aset keuangan diukur pada nilai wajar Financial assets are measured at fair
melalui penghasilan komprehensif lain value through other comprehensive
jika memenuhi kondisi sebagai berikut: income if they meet the following
• Aset keuangan dikelola dalam model conditions:
bisnis yang bertujuan untuk • Financial assets are managed in a
mendapatkan arus kas kontraktual business model that aims to obtain
dan menjual aset keuangan; dan contractual cash flow and sell
financial assets; and
• Persyaratan kontraktual dari aset • The contractual requirements of the
keuangan tersebut memenuhi kriteria financial assets meet the SPPI
SPPI. criteria.
Pada saat pengakuan awal, Grup dapat At initial recognition, the Group may make
membuat pilihan yang tidak dapat an irrevocable choice to present equity
dibatalkan untuk menyajikan instrumen instruments that are not held for trading at
ekuitas yang bukan dimiliki untuk di fair value through other comprehensive
perdagangkan pada nilai wajar melalui income.
penghasilan komprehensif lain.
30
2020 Annual Report

c. Aset dan liabilitas keuangan (lanjutan) c. Financial assets and liabilities (continued)
(i) Klasifikasi (lanjutan) (i) Classification (continued)

1 Januari 2020 (lanjutan) 1 January 2020 (continued)
Aset keuangan lainnya yang tidak Other financial assets that do not meet the
memenuhi persyaratan untuk requirements to be classified as financial
diklasifikasikan sebagai aset keuangan assets measured at amortized cost or fair
diukur pada biaya perolehan diamortisasi value through other comprehensive
atau nilai wajar melalui penghasilan income, are classified as measured at fair
komprehensif lain, diklasifikasikan sebagai value through profit or loss.
diukur pada nilai wajar melalui laba rugi.
Saat pengakuan awal Grup dapat At initial recognition, the Group can make
membuat penetapan yang tidak dapat an irrevocable determination to measure
dibatalkan untuk mengukur aset yang assets that meet the requirements to be
memenuhi persyaratan untuk diukur pada measured at amortized cost or fair value
biaya perolehan diamortisasi atau nilai through other comprehensive income at
wajar melalui penghasilan komprehensif fair value through profit or loss, if the
lain pada nilai wajar melalui laba rugi,
determination eliminates or significantly
apabila penetapan tersebut mengeliminasi
atau secara signifikan mengurangi reduces the measurement or recognition
inkonsistensi pengukuran atau pengakuan inconsistencies (sometimes referred to as
(kadang disebut sebagai “accounting "accounting mismatch").
mismatch”).
Penilaian model bisnis Valuation of business models

Model bisnis ditentukan pada level yang The business model is determined at a
mencerminkan bagaimana kelompok aset level that reflects how groups of financial
keuangan dikelola bersama-sama untuk assets are managed together to achieve
mencapai tujuan bisnis tertentu. certain business objectives.
Penilaian model bisnis dilakukan dengan The evaluation of the business model is
mempertimbangkan, tetapi tidak terbatas carried out by considering, but not limited
pada, hal-hal berikut: to, the following:
• Bagaimana kinerja dari model bisnis • How the performance of the business
dan aset keuangan yang dimiliki model and financial assets held in the
dalam model bisnis dievaluasi dan business model are evaluated and
dilaporkan kepada personil reported to the Group's key
manajemen kunci Grup; management personnel;
• Apakah risiko yang mempengaruhi • What risks affect the performance of
kinerja dari model bisnis (termasuk the business model (including
aset keuangan yang dimiliki dalam financial assets held in the business
model bisnis) dan khususnya model) and specifically how the
bagaimana cara aset keuangan financial assets are managed; and
tersebut dikelola; dan
• Bagaimana penilaian kinerja • How to evaluate the performance of
pengelola aset keuangan (sebagai managers of financial assets (for
contoh, apakah penilaian kinerja example, whether performance
berdasarkan nilai wajar dari aset yang appraisals are based on the fair value
dikelola atau arus kas kontraktual of the assets being managed or the
yang diperoleh). contractual cash flows obtained).
31
2020 Annual Report


Aset keuangan yang dimiliki untuk Financial assets held for trading or
diperdagangkan atau dikelola dan managed and which performance
penilaian kinerjanya berdasarkan nilai appraisals based on fair value are
wajar diukur pada nilai wajar melalui laba measured at fair value through profit or
rugi. loss.
Derivatif juga dikategorikan dalam
Derivatives are also categorized under
kelompok ini, kecuali derivatif yang
ditetapkan sebagai instrumen lindung nilai this classification unless they are
efektif. designated as effective hedging
instruments.
Penilaian mengenai arus kas Evaluation of contractual cash flows

kontraktual yang diperoleh semata dari obtained solely from payment of
pembayaran pokok dan bunga principal and interest
Untuk tujuan penilaian ini, pokok For the purpose of this valuation,
didefinisikan sebagai nilai wajar dari aset principal is defined as the fair value of
keuangan pada saat pengakuan awal. financial assets at initial recognition.
Bunga didefinisikan sebagai imbalan Interest is defined as compensation for
untuk nilai waktu atas uang dan risiko the time value of money and credit risk
kredit terkait jumlah pokok terutang pada in relation to the principal amount owed
periode waktu tertentu dan juga risiko dan
over a certain period of time and also
biaya peminjaman standar, dan juga
marjin laba. the risk and standard borrowing costs,
as well as profit margins.
Penilaian mengenai arus kas kontraktual An assessment of contractual cash

yang diperoleh semata dari pembayaran flows obtained solely from principal and
pokok dan bunga dilakukan dengan interest payments is made by
mempertimbangkan persyaratan considering contractual terms, including
kontraktual, termasuk apakah aset whether financial assets contain
keuangan mengandung persyaratan contractual terms that can change the
kontraktual yang dapat mengubah waktu
timing or amount of contractual cash
atau jumlah arus kas kontraktual.
Dalam melakukan penilaian, Grup flows. In assessing, the Group
mempertimbangkan: considers:
• Peristiwa kontinjensi yang akan • Contingency events that will change
mengubah waktu atau jumlah arus the timing or amount of contractual
kas kontraktual; cash flow;
• Fitur leverage; • Leverage feature;
• Persyaratan pembayaran dimuka dan • Terms of advance payment and
perpanjangan kontraktual; contractual extension;
• Persyaratan mengenai klaim yang • Requirements regarding limited
terbatas atas arus kas yang berasal claims for cash flows from specific
dari aset spesifik; dan assets; and
• Fitur yang dapat mengubah nilai • Features that can change the time
waktu dari elemen uang. value of the money element.
32
2020 Annual Report


Liabilitas keuangan diklasifikasikan Financial liabilities are classified into the
kedalam kategori sebagai berikut pada following categories at initial recognition:
saat pengakuan awal:
• Liabilitas keuangan yang diukur pada • Financial liabilities at fair value
nilai wajar melalui laporan laba rugi, through profit or loss, which has 2
yang memiliki 2 (dua) sub-klasifikasi, (two) sub-classifications, i.e. those
yaitu liabilitas keuangan yang designated as such upon initial
ditetapkan demikian pada saat recognition and those classified as
pengakuan awal dan liabilitas held for trading;
keuangan yang telah diklasifikasikan
dalam kelompok diperdagangkan;
• Liabilitas keuangan lain. • Other financial liabilities.
Liabilitas keuangan lainnya Other financial liabilities pertain to
merupakan liabilitas keuangan yang financial liabilities that are not held for
tidak dimiliki untuk dijual atau trading nor designated as at fair value
ditentukan sebagai nilai wajar melalui through profit or loss upon recognition
laba rugi saat pengakuan liabilitas. of the liability.
Golongan
Kategori yang didefinisikan (ditentukan oleh Grup)/
oleh PSAK No. 71/ Class Subgolongan/
Category as defined by SFAS No. 71 (as determined by the Group) Subclasses
Efek-efek/Marketable securities
Aset keuangan yang diukur Obligasi Pemerintah/Government Bonds
pada nilai wajar melalui laba
rugi/Financial assets at fair Tagihan derivatif - Tidak terkait lindung nilai/Derivative receivables -
value through profit or loss Non hedging related
Penyertaan saham/Equity Investment
Kas/Cash Kas pada vendor/Cash in vendor
Giro pada Bank Indonesia/Current accounts with Bank Indonesia
Giro pada bank lain/Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia/Placements with other
banks and Bank Indonesia
Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased
under agreements to resell
Aset keuangan/ Wesel ekspor dan tagihan lainnya/Bills and other receivables
Financial assets
Aset keuangan yang diukur Tagihan akseptasi/Acceptance receivables
pada biaya perolehan yang
diamortisasi/Financial assets Pinjaman yang diberikan/Loans
at amortized cost Piutang lain-lain/Other receivables
Piutang bunga/Interest receivables
Lain-lain/Others
Aset lain-lain/Other assets Piutang terkait transaksi ATM/
Receivables related to ATM
transactions
Piutang premi asuransi/ Insurance
premium receivables
Obligasi Pemerintah/Government Bonds
33
2020 Annual Report

Kebijakan akuntansi yang berlaku sejak 1 Applicable accounting policies as of

Januari 2020 (lanjutan) 1 January 2020 (continued)
Golongan
oleh PSAK No. 71/ Class Subgolongan/
Category as defined by SFAS No. 71 (as determined by the Group) Subclasses
Aset keuangan yang diukur Efek-efek/Marketable securities
pada nilai wajar melalui Obligasi Pemerintah/Government Bonds
penghasilan komprehensif
lain/Financial assets at fair
Penyertaan saham/Equity investments
value through other
comprehensive income
Derivatif lindung nilai/Hedging Tagihan derivatif - terkait lindung nilai atas arus kas/Derivative
derivatives receivables - hedging instruments in cash flow hedges related
Liabilitas keuangan yang
diukur pada nilai wajar
Liabilitas derivatif - tidak terkait lindung nilai/Derivative payables - non
melalui laba rugi/Financial
hedging related
liabilities at fair value through
profit or loss
Liabilitas segera/Obligation due immediately
Simpanan nasabah/Deposits from customers
Simpanan dari bank lain/Deposits from other banks
Efek-efek yang dijual dengan janji dibeli kembali/Securities sold under
agreements to repurchase
Liabilitas akseptasi/Acceptance payables
Liabilitas Beban yang masih harus dibayar/Accrued expenses
keuangan/ Liabilitas keuangan yang Setoran jaminan/Security deposit
Financial diukur dengan biaya
Utang bunga/Interest payable
liabilities perolehan diamortisasi/
Utang nasabah/Payable to
Financial liabilities at
customers
amortized cost
Utang ke pemegang polis/
Liabilitas lain-lain/Other liabilities
Obligation to policy holders
Utang reasuransi dan komisi/
Reinsurance payable and
commission
Lain-lain/Others
Efek-efek yang diterbitkan/Marketable securities issued
Efek-efek subordinasi/subordinated securities
Pinjaman yang diterima/Borrowings
Derivatif lindung nilai/Hedging Liabilitas derivatif - Terkait lindung nilai atas arus kas/Derivative
derivatives payables - Hedging instruments in cash flow hedges related
Komitmen Fasilitas kredit yang belum digunakan/Unused loan facilities (committed)
pinjaman dan
kontrak jaminan Letters of credit yang tidak dapat dibatalkan/Irrevocable letters of credit
keuangan/
Garansi bank yang diberikan/BankGuarantees issued
Loan
commitment and
financial
Standby letters of credit
guarantee
contract
34
2020 Annual Report


Kebijakan akuntansi yang berlaku Applicable accounting policies before
sebelum 1 Januari 2020 (lanjutan) 1 January 2020 (continued)
Grup mengklasifikasikan aset The Group classifies its financial assets in
keuangannya berdasarkan kategori the following categories at initial
sebagai berikut pada saat pengakuan recognition:
awal:
• Aset keuangan yang diukur pada nilai • financial assets at fair value through
wajar melalui laporan laba rugi, yang profit or loss, which has 2 (two) sub-
memiliki 2 (dua) sub-klasifikasi, yaitu classifications, i.e. financial assets
aset keuangan yang ditetapkan designated as such upon initial
demikian pada saat pengakuan awal recognition and financial assets held
dan aset keuangan yang for trading;
diklasifikasikan dalam kelompok yang
diperdagangkan;
• Pinjaman yang diberikan dan piutang; • loans and receivables;
• Aset keuangan dimiliki hingga jatuh • held-to-maturity financial assets;
tempo;
• Aset keuangan tersedia untuk dijual. • Available-for-sale financial assets.
Liabilitas keuangan diklasifikasikan Financial liabilities are classified into the

kedalam kategori sebagai berikut pada following categories at initial recognition:
saat pengakuan awal:
• Liabilitas keuangan yang diukur pada • Financial liabilities at fair value
nilai wajar melalui laporan laba rugi, through profit or loss, which has 2
yang memiliki 2 (dua) sub-klasifikasi, (two) sub-classifications, i.e. those
yaitu liabilitas keuangan yang designated as such upon initial
ditetapkan demikian pada saat recognition and those classified as
pengakuan awal dan liabilitas held for trading;
keuangan yang telah diklasifikasikan
dalam kelompok diperdagangkan;
• Liabilitas keuangan lain. • Other financial liabilities.
Aset dan liabilitas keuangan yang diukur Financial assets and liabilities at fair value
pada nilai wajar melalui laporan laba rugi through profit or loss
Kelompok aset dan liabilitas diukur pada The sub-classification of financial assets
nilai wajar melalui laporan laba rugi and liabilities at fair value through profit or
adalah aset dan liabilitas keuangan loss consists of financial assets and
dimiliki untuk diperdagangkan yang liabilities held for trading which the Group
diperoleh atau dimiliki Grup terutama acquires or incurs principally for the
untuk tujuan dijual atau dibeli kembali purpose of selling or repurchasing in the
dalam waktu dekat, atau dimiliki sebagai near term, or holds as part of a portfolio
bagian dari portofolio instrumen keuangan that is managed together for short-term
tertentu yang dikelola bersama untuk profit or position taking.
memperoleh laba jangka pendek atau
position taking.
35
2020 Annual Report


Aset dan liabilitas keuangan yang diukur Financial assets and liabilities at fair value
pada nilai wajar melalui laporan laba rugi through profit or loss (continued)
(lanjutan)
Derivatif juga dikategorikan dalam Derivatives are also categorized under

kelompok ini, kecuali derivatif yang this sub-classification unless they are
ditetapkan sebagai instrumen lindung nilai designated as effective hedging
efektif. Aset dan liabilitas dalam kelompok instruments. Assets and liabilities
ini dicatat pada nilai wajar dalam laporan classified under this category are carried
posisi keuangan konsolidasian dengan at fair value in the consolidated statement
keuntungan atau kerugian diakui pada of financial position, with any gains or
laporan laba rugi. losses being recognized in the profit or
loss.
Pinjaman yang diberikan dan piutang Loans and receivables
Pinjaman yang diberikan dan piutang Loans and receivables are non-derivative
adalah aset keuangan non derivatif financial assets with fixed or determinable
dengan pembayaran tetap atau telah payments that are not quoted in an active
ditentukan dan tidak mempunyai kuotasi market, other than:
di pasar aktif, kecuali:
• yang dimaksudkan oleh Grup untuk • those that the Group intends to sell
dijual segera dalam waktu dekat, yang immediately or in the short term,
diklasifikasikan dalam kelompok which are classified as held for
diperdagangkan, serta yang pada trading, and those that the Group
saat pengakuan awal ditetapkan upon initial recognition designates as
sebagai diukur pada nilai wajar at fair value through profit or loss;
melalui laporan laba rugi;
• yang pada saat pengakuan awal • those that the Group upon initial
ditetapkan dalam kelompok investasi recognition designates as available-
tersedia untuk dijual; atau for-sale investments; or
• dalam hal Grup mungkin tidak akan • those for which the Group may not
memperoleh kembali investasi awal recover substantially all of its initial
secara substansial kecuali yang investment, other than because of
disebabkan oleh penurunan kualitas loans and receivables deterioration,
pinjaman yang diberikan dan piutang, which shall be classified as available-
yang diklasifikasikan dalam kelompok for-sale.
tersedia untuk dijual.
Aset keuangan dimiliki hingga jatuh tempo Held-to-maturity financial assets
Aset keuangan dimiliki hingga jatuh tempo Held-to-maturity financial assets consist of
terdiri dari aset keuangan non derivatif quoted non-derivative financial assets with
dengan pembayaran tetap atau telah fixed or determinable payments and fixed
ditentukan dan jatuh temponya telah maturities that the Group has the positive
ditetapkan dimana Grup mempunyai intention and ability to hold to maturity.
intensi positif dan kemampuan untuk Financial assets intended to be held for an
memiliki aset keuangan tersebut hingga undetermined period are not included in
jatuh tempo. Aset keuangan yang dimiliki this classification.
untuk periode yang tidak dapat ditentukan
tidak dikategorikan dalam klasifikasi ini.
36
2020 Annual Report


Aset keuangan tersedia untuk dijual Available-for-sale-financial assets

Kategori tersedia untuk dijual terdiri dari The available-for-sale category consists of
aset keuangan non derivatif yang non-derivative financial assets that are
ditentukan sebagai tersedia untuk dijual designated as available-for-sale or are not
atau tidak diklasifikasikan sebagai salah classified in one of the other categories of
satu dari kategori aset keuangan lain. financial assets. After initial recognition,
Setelah pengukuran awal, aset keuangan available-for-sale financial assets are
tersedia untuk dijual diukur menggunakan measured at fair value with gains or
nilai wajar dengan keuntungan atau losses being recognized in other
kerugian diakui pada laba rugi comprehensive income (as part of equity)
komprehensif (yang merupakan bagian until the financial assets is derecognized
dari ekuitas) sampai dengan aset or until the financial assets is determined
keuangan dihentikan pengakuannya atau to be impaired at which time the
sampai aset keuangan dinyatakan cumulative gain or loss previously
mengalami penurunan nilai dimana reported in equity is included in the profit
akumulasi laba atau rugi sebelumnya or loss.
dilaporkan dalam ekuitas dilaporkan
dalam laporan laba rugi.
Pendapatan bunga dihitung menggunakan Interest income is calculated using the

suku bunga efektif dan keuntungan atau effective interest rate and gains or losses
kerugian yang timbul akibat dari arising from changes in exchange rate
perubahan nilai tukar dari instrumen utang from debt instruments are recognized in
diakui pada laporan laba rugi. Untuk the profit or loss. For equity instruments,
instrumen ekuitas, keuntungan atau gains and losses arising from change in
kerugian yang timbul dan perubahan nilai exchange rate are recognized in other
tukar diakui pada laba komprehensif lain comprehensive income (as part of equity).
(yang merupakan bagian dari ekuitas).
Liabilitas keuangan lain Other financial liabilities
Liabilitas keuangan lainnya merupakan Other financial liabilities pertain to

liabilitas keuangan yang tidak dimiliki financial liabilities that are not held for
untuk dijual atau ditentukan sebagai nilai trading nor designated as at fair value
wajar melalui laporan laba rugi saat through profit or loss upon recognition of
pengakuan liabilitas. the liability.
37
2020 Annual Report


Golongan
oleh PSAK No. 55 (Revisi 2014)/ Class
Category as defined by SFAS No. 55 (Revised (as determined by the Group) Subgolongan/
2014) Subclasses
Obligasi Pemerintah/ Government
Aset keuangan yang diukur
Aset keuangan dalam kelompok Bonds
pada nilai wajar melalui laba
diperdagangkan/Financial
rugi/Financial assets at fair Tagihan derivatif - Tidak terkait
assets held for trading
value through profit or loss lindung nilai/Derivative
receivables - Non hedging
related
Kas/Cash Kas pada vendor/Cash in vendor
Giro pada Bank Indonesia/Current accounts with Bank Indonesia
Giro pada bank lain/Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia/Placements with other
banks and Bank Indonesia
Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased
under agreements to resell
Wesel ekspor dan tagihan lainnya/Bills and other receivables
Pinjaman yang diberikan dan
Aset keuangan/ Tagihan akseptasi/Acceptance receivables
piutang/Loans and
Financial assets
receivables Pinjaman yang diberikan/Loans
Piutang lain-lain/Other receivables
Piutang bunga/Interest receivables
Lain-lain/Others
Aset lain-lain/Other assets Piutang terkait transaksi ATM/
Receivables related to ATM
transactions
Piutang Premi Asuransi/ Insurance
premium receivables
Aset keuangan dimiliki hingga Efek-efek/Marketable securities
jatuh tempo/Held-to-maturity
investments Obligasi Pemerintah/Government Bonds
Aset keuangan tersedia untuk
dijual/Available-for-sale Obligasi Pemerintah/Government Bonds
financial assets
Penyertaan saham/Equity investments
38
2020 Annual Report


Golongan
Category as defined by SFAS No. 55 (as determined by the Group) Subgolongan/
(Revised 2014) Subclasses
Tagihan derivatif - terkait lindung
Lindung nilai atas nilai arus nilai atas arus kas/Derivative
Derivatif lindung nilai/Hedging
kas/Hedging instruments in receivables - hedging
derivatives
cash flow hedges instruments in cash flow hedges
related
Liabilitas keuangan yang
Liabilitas keuangan dalam
diukur pada nilai wajar Liabilitas derivatif - tidak terkait
kelompok diperdagangkan/
melalui laba rugi/Financial lindung nilai/Derivative payables
Financial liabilities held for
liabilities at fair value through - non hedging related
trading
profit or loss
Liabilitas segera/Obligation due immediately
Simpanan nasabah/Deposits from customers
Simpanan dari bank lain/Deposits from other banks
Efek-efek yang dijual dengan janji dibeli kembali/Securities sold under
agreements to repurchase
Liabilitas akseptasi/Acceptance payables
Beban yang masih harus dibayar/Accrued expenses
Setoran jaminan/Security deposit
Liabilitas keuangan yang Utang bunga/Interest payable
diukur dengan biaya
Liabilitas
perolehan Utang nasabah/Payable to
keuangan/
diamortisasi/Financial customers
Financial
liabilities at amortized cost
liabilities Liabilitas lain-lain/Other liabilities Utang ke pemegang polis/
Obligation to policy holders
Utang reasuransi dan komisi/
Reinsurance payable and
commission
Lain-lain/Others
Efek-efek yang diterbitkan/Marketable securities issued
Efek-efek subordinasi/Subordinated Securities
Pinjaman yang diterima/Borrowings
Liabilitas derivatif - Terkait lindung

Lindung nilai atas nilai arus
Derivatif lindung nilai/Hedging nilai atas arus kas/Derivative
kas/Hedging instruments in
derivatives payables - Hedging instruments
cash flow hedges
in cash flow hedges related
Garansi bank yang diberikan/Bank Guarantees issued
39
2020 Annual Report


Golongan
Category as defined by SFAS No. 55 (as determined by the Group) Subgolongan/
(Revised 2014) Subclasses
Kontrak jaminan Letters of credit yang tidak dapat dibatalkan/Irrevocable letters of credit
keuangan/
Financial Garansi bank yang diberikan/Bank Guarantees issued
guarantee
contract Standby letters of credit
(ii) Pengakuan awal (ii) Initial recognition
a. Pembelian atau penjualan aset a. Purchase or sale of financial assets

keuangan yang memerlukan that requires delivery of assets within
penyerahan aset dalam kurun waktu a time frame established by
yang telah ditetapkan oleh peraturan regulation or convention in the market
dan kebiasaan yang berlaku di pasar (regular purchases) is recognized on
(pembelian secara reguler) diakui the trade date, i.e., the date that the
pada tanggal perdagangan, yaitu Group commits to purchase or sell
tanggal Grup berkomitmen untuk the assets.
membeli atau menjual aset.
b. Aset keuangan dan liabilitas b. Financial assets and financial

keuangan pada awalnya diukur pada liabilities are initially recognized at fair
nilai wajarnya. Dalam hal aset value. For those financial assets or
keuangan atau liabilitas keuangan financial liabilities not classified as fair
tidak diklasifikasikan sebagai nilai value through profit or loss, the fair
wajar melalui laba rugi, nilai wajar value is added/deducted with directly
tersebut ditambah/dikurangi biaya attributable transaction costs to the
transaksi yang dapat diatribusikan issuance of financial assets or
secara langsung dengan perolehan liabilities.
atau penerbitan aset keuangan atau
liabilitas keuangan.
Grup, pada pengakuan awal, dapat The Group, upon initial recognition, may
menetapkan aset keuangan dan liabilitas designate certain financial assets and
keuangan tertentu sebagai nilai wajar liabilities, at fair value through profit or
melalui laba rugi (opsi nilai wajar). Opsi loss (fair value option). The fair value
nilai wajar dapat digunakan hanya bila option is only applied when the following
memenuhi ketetapan sebagai berikut: conditions are met:
40
2020 Annual Report

PENTING(lanjutan) POLICIES (continued)
(ii) Pengakuan awal (lanjutan) (ii) Initial recognition (continued)
• penetapan sebagai opsi nilai wajar • the application of the fair value option
mengurangi atau mengeliminasi reduces or eliminates an accounting
ketidak-konsistenan pengukuran dan mismatch that would otherwise arise;
pengakuan (accounting mismatch) or
yang dapat timbul; atau
• aset keuangan dan liabilitas keuangan • the financial assets and liabilities are
merupakan bagian dari portofolio part of a portfolio of financial
instrumen keuangan yang risikonya instruments, the risks of which are
dikelola dan dilaporkan kepada managed and reported to key
manajemen kunci berdasarkan nilai management on a fair value basis; or
wajar; atau
• aset keuangan dan liabilitas keuangan • the financial assets and liabilities
terdiri dari kontrak utama dan derivatif consist of a host contract and an
melekat yang harus dipisahkan, tetapi embedded derivative that must be
tidak dapat mengukur derivatif bifurcated, but are unable to measure
melekat secara terpisah. the embedded derivative separately.
(iii) Pengukuran setelah pengakuan awal (iii) Subsequent measurement

Aset keuangan dalam kelompok aset Financial assets at fair value through other
keuangan yang diukur pada nilai wajar comprehensive income and financial
melalui penghasilan komprehensif lain assets and financial liabilities at fair value
dan aset keuangan dan liabilitas through profit or loss are measured at fair
keuangan yang diukur pada nilai wajar value.
melalui laba rugi diukur pada nilai
wajarnya.
Aset keuangan kelompok biaya perolehan Financial assets classified as amortized

diamortisasi dan liabilitas keuangan cost and other financial liabilities
lainnya diukur pada biaya perolehan measured at amortized cost using the
diamortisasi dengan menggunakan effective interest rate method.
metode suku bunga efektif.

sebelum 1 Januari 2020 1 January 2020
Aset keuangan dalam kelompok tersedia Available-for-sale financial assets and

untuk dijual dan aset keuangan dan financial assets and liabilities held at fair
liabilitas keuangan yang diukur pada nilai value through profit or loss are measured
wajar melalui laporan laba rugi diukur at fair value.
pada nilai wajarnya.
Pinjaman yang diberikan dan piutang Loans and receivables and held-to-
serta aset keuangan dimiliki hingga jatuh maturity financial assets and other
tempo dan liabilitas keuangan lainnya financial liabilities are measured at
diukur pada biaya perolehan diamortisasi amortized cost using the effective interest
dengan menggunakan metode suku rate method.
bunga efektif.
41
2020 Annual Report

(iv) Penghentian pengakuan (iv) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognized

pengakuannya jika: when:
- Hak kontraktual atas arus kas - the contractual rights to receive

yang berasal dari aset keuangan cash flows from the financial
tersebut berakhir; atau assets have expired; or
- Grup telah mentransfer haknya - the Group has transferred its

untuk menerima arus kas yang rights to receive cash flows from
berasal dari aset tersebut atau the asset or has assumed an
menanggung liabilitas untuk obligation to pay the received
membayarkan arus kas yang cash flow in full without material
diterima tersebut secara penuh delay to a third party under a
tanpa penundaan berarti kepada ‘pass-through’ arrangement; and
pihak ketiga dibawah either (a) the Group has
kesepakatan pelepasan, dan transferred substantially all the
antara (a) Grup telah risks and rewards of the asset, or
mentransfer secara substansial (b) the Group has neither
seluruh risiko dan manfaat atas transferred nor retained
aset, atau (b) Grup tidak substantially all the risks and
mentransfer maupun tidak rewards of the asset, but has
memiliki secara substansial transferred control of the asset.
seluruh risiko dan manfaat atas
aset, tetapi telah mentransfer
kendali atas aset.
Ketika Grup telah mentransfer hak When the Group has transferred its
untuk menerima arus kas dari aset rights to receive cash flows from an
atau telah memasuki kesepakatan asset or has entered into a pass-
pelepasan dan tidak mentransfer through arrangement and has neither
serta tidak mempertahankan secara transferred nor retained substantially
substansial seluruh risiko dan all the risks and rewards of the asset
manfaat atas aset atau tidak nor transferred control of the asset,
mentransfer kendali atas aset, aset the asset is recognized to the extent
diakui sebesar keterlibatan Grup yang of the Group’s continuing involvement
berkelanjutan atas aset tersebut. in the asset.
Pinjaman yang diberikan Loans are written off when there is no

dihapusbukukan ketika tidak terdapat realistic prospect of collection in the
prospek yang realistis mengenai near future or the normal relationship
pengembalian pinjaman atau between the Group and the
hubungan normal antara Grup dan borrowers have ceased to exist.
debitur telah berakhir. Pinjaman yang When a loan is deemed uncollectible,
tidak dapat dilunasi tersebut it is written off against the related
dihapusbukukan dengan mendebit allowance for impairment losses.
cadangan kerugian penurunan nilai.
42
2020 Annual Report

(iv) Penghentian pengakuan (lanjutan) (iv) Derecognition (continued)
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognized

pengakuannya jika liabilitas yang when the obligation under the liability
ditetapkan dalam kontrak dilepaskan is discharged or cancelled or has
atau dibatalkan atau kadaluarsa. expired.
Jika suatu liabilitas keuangan yang Where an existing financial liability is

ada digantikan dengan liabilitas yang replaced by another liability from the
lain oleh pemberi pinjaman yang same lender on substantially different
sama pada keadaan yang secara terms, or the terms of an existing
substansial berbeda, atau liability are substantially modified,
berdasarkan suatu liabilitas yang ada such an exchange or modification is
yang secara substansial telah diubah, treated as derecognition of the
maka pertukaran atau modifikasi original liability and the recognition of
tersebut diperlakukan sebagai a new liability, and the difference in
penghentian pengakuan liabilitas the respective carrying amounts is
awal dan pengakuan liabilitas baru, recognized in the profit or loss.
dan perbedaan nilai tercatat masing-
masing diakui dalam laporan laba
rugi.
(v) Pengakuan pendapatan dan beban (v) Income and expense recognition

a. Pendapatan dan beban bunga atas a. Interest income and expense on

aset keuangan yang diukur pada nilai financial assets measured at fair
wajar melalui penghasilan value through other comprehensive
komprehensif lain serta aset income as well as financial assets
keuangan dan liabilitas keuangan and financial liabilities recorded at
yang dicatat berdasarkan biaya amortized cost are recognized in the
perolehan diamortisasi, diakui pada
statement of profit or loss using the
laporan laba rugi dengan
menggunakan metode suku bunga effective interest method.
efektif.
Jumlah tercatat bruto aset keuangan The gross carrying amount of a

adalah biaya perolehan diamortisasi financial asset is the amortized cost
aset keuangan sebelum disesuaikan of a financial asset before adjusting
dengan cadangan penurunan nilai. for allowance for impairment.
Dalam menghitung pendapatan dan In calculating interest income and

beban bunga, tingkat bunga efektif expenses, the effective interest rate is
diterapkan pada jumlah tercatat bruto applied to the gross carrying amount
aset (ketika aset tersebut bukan aset of an asset (when the asset is not a
keuangan memburuk) atau terhadap deteriorated financial asset) or to the
biaya perolehan diamortisasi dari amortized cost of a liability.
liabilitas.
43
2020 Annual Report


Untuk aset keuangan yang memburuk For financial assets that deteriorated
setelah pengakuan awal, pendapatan after initial recognition, interest
bunga dihitung dengan menerapkan income is calculated by applying an
tingkat bunga efektif terhadap biaya effective interest rate to the amortized
perolehan diamortisasi dari aset cost of the financial assets. If the
keuangan tersebut. Jika aset tersebut asset no longer deteriorates, the
tidak lagi memburuk, maka
calculation of interest income will be
perhitungan pendapatan bunga akan
dihitung dengan menerapkan tingkat calculated by applying an effective
bunga efektif terhadap nilai tercatat interest rate to the gross carrying
bruto dari aset keuangan tersebut. amount of the financial asset.
Untuk aset keuangan yang telah For financial assets that have
memburuk pada saat pengakuan deteriorated at initial recognition,
awal, pendapatan bunga dihitung interest income is calculated by
dengan menerapkan tingkat bunga applying the effective interest rate to
efektif terhadap biaya perolehan the amortized cost of the financial
diamortisasi dari aset keuangan assets. If the asset no longer
tersebut. Jika aset tersebut tidak lagi
deteriorates, the calculation of
memburuk, maka perhitungan
pendapatan bunga akan tetap interest income will still be calculated
dihitung dengan menerapkan tingkat by applying the effective interest rate
bunga efektif terhadap biaya to the amortized cost of the financial
perolehan diamortisasi dari aset asset.
keuangan tersebut.
b. Keuntungan dan kerugian yang timbul b. Gains and losses arising from
dari perubahan nilai wajar atas aset changes in the fair value of fair value
keuangan yang dikasifikasikan dalam through other comprehensive income
kelompok nilai wajar melalui financial assets other than foreign
penghasilan komprehensif lain diakui exchange gains or losses on debt
secara langsung dalam laporan laba instrument are recognized directly in
rugi komprehensif (merupakan bagian
other comprehensive income (as part
dari ekuitas) sampai aset keuangan
tersebut dihentikan pengakuannya of equity), until the financial asset is
atau adanya penurunan nilai, kecuali derecognized or impaired, except
keuntungan atau kerugian akibat gain or loss arising from changes in
perubahan nilai tukar untuk instrumen exchanges rate for debt instrument.
utang.
Pada saat aset keuangan dihentikan When a financial asset is

pengakuannya atau dilakukan derecognized or impaired, the
penurunan nilai, keuntungan atau cumulative gains or losses previously
kerugian kumulatif yang sebelumnya recognized in equity are recognized
diakui dalam ekuitas harus diakui in profit or loss.
pada laporan laba rugi.
44
2020 Annual Report


a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset tersedia untuk dijual serta aset available-for-sale assets and financial
keuangan dan liabilitas keuangan assets and liabilities measured at
yang dicatat berdasarkan biaya amortized cost, are recognized in the
perolehan diamortisasi, diakui pada profit or loss using the effective
laporan laba rugi dengan interest rate method.
menggunakan metode suku bunga
efektif.
b. Keuntungan dan kerugian yang timbul b. Gains and losses arising from
dari perubahan nilai wajar aset changes in the fair value of the
keuangan dan liabilitas keuangan financial assets and liabilities
yang diklasifikasikan sebagai diukur classified as fair value through profit
pada nilai wajar melalui laporan laba or loss are included in the profit or
rugi diakui pada laporan laba rugi. loss.
Keuntungan dan kerugian yang timbul Gains and losses arising from
dari perubahan nilai wajar atas aset changes in the fair value of available-
keuangan yang diklasifikasikan dalam for-sale financial assets are
kelompok tersedia untuk dijual diakui recognized directly in other
secara langsung dalam laporan laba comprehensive income (as part of
rugi komprehensif lainnya equity), until the financial asset is
(merupakan bagian dari ekuitas) derecognized or impaired, except
sampai aset keuangan tersebut gain or loss arising from changes in
dihentikan pengakuannya atau exchanges rate for debt instrument.
adanya penurunan nilai, kecuali
keuntungan atau kerugian akibat
perubahan nilai tukar untuk instrumen
utang.
Pada saat aset keuangan dihentikan When a financial asset is

pengakuannya atau dilakukan derecognized or impaired, the
penurunan nilai, keuntungan atau cumulative gains or losses previously
kerugian kumulatif yang sebelumnya recognized in equity are recognized
diakui dalam ekuitas harus diakui in profit or loss.
pada laporan laba rugi.
(vi) Reklasifikasi aset keuangan (vi) Reclassification of financial assets

Grup mereklasifikasi aset keuangan jiika The Group reclassifies financial assets if
dan hanya jika, model bisnis untuk and only if, the business model for
pengelolaan aset keuangan berubah. managing financial assets changes.
45
2020 Annual Report

(vi) Reklasifikasi aset keuangan (lanjutan) (vi) Reclassification of financial assets

(continued)

Reklasifikasi aset keuangan dari klasifikasi Reclassifications of financial assets from

biaya perolehan yang diamortisasi ke amortized cost classifications to fair value
klasifikasi nilai wajar melalui laba rugi through profit or loss are recorded at fair
dicatat sebesar nilai wajarnya. Selisih value. The difference between the
antara nilai tercatat dengan nilai wajar recorded value and fair value is
diakui sebagai keuntungan atau kerugian recognized in profit or loss on the
pada laba rugi.
statement of profit or loss and other
comprehensive income.
Reklasifikasi aset keuangan dari klasifikasi Reclassifications of financial assets from

biaya perolehan yang diamortisasi ke amortized cost classifications to fair value
klasifikasi nilai wajar melalui penghasilan classifications through other
komprehensif lain dicatat sebesar nilai comprehensive are recorded at their fair
wajarnya. values.
Reklasifikasi aset keuangan dari klasifikasi Reclassification of financial assets from

nilai wajar melalui penghasilan fair value classification through other
komprehensif lain ke klasifikasi nilai wajar comprehensive income to fair value
melalui laba rugi dicatat pada wajar. classification through profit or loss is
Keuntungan atau kerugian yang belum recorded at fair value. Unrealized gains or
direalisasi direklasifikasi ke laba rugi. losses are reclassified to profit or loss.
nilai wajar melalui penghasilan fair value classifications through other
komprehensif lain ke klasifikasi biaya comprehensive income to the amortized
perolehan yang diamortisasi dicatat pada cost classification is recorded at carrying
nilai tercatat. Keuntungan atau kerugian value. Unrealized gains or losses is
yang belum direalisasi dihapus dari removed from equity and is adjusted
ekuitas dan disesuaikan terhadap nilai
against the fair value.
wajar.
Reklasifikasi aset keuangan dari klasifikasi Reclassifications on financial assets from
nilai wajar melalui laba rugi ke klasifikasi fair value classification through profit or
nilai wajar melalui penghasilan loss to fair value classification through
komprehensif lain dicatat pada wajar. other comprehensive income are recorded
at fair value.
nilai wajar melalui laba rugi ke klasifikasi fair value classification through profit or
biaya perolehan yang diamortisasi dicatat loss to amortized cost classification is
pada wajar. recorded at fair value.
46
2020 Annual Report


(continued)

Grup tidak diperkenankan untuk The Group is not allowed to reclassify any
mereklasfikasikan setiap instrumen financial instrument out of or into the Fair
keuangan dari atau ke klasifikasi yang Value through Profit and Loss, if the initial
diukur pada Nilai Wajar melalui Laba Rugi, recognition of financial instrument is
jika pada pengakuan awal instrumen determined as measured at Fair Value
keuangan tersebut ditetapkan sebagai through Profit and Loss.
diukur pada Nilai Wajar melalui Laba Rugi.
Grup tidak boleh mengklasifikasikan aset The Group cannot classify any financial
keuangan sebagai investasi dimiliki assets as held-to-maturity investments, if
hingga jatuh tempo, jika dalam tahun the entity has, during the current financial
berjalan atau dalam kurun waktu 2 tahun year or during the 2 preceding financial
sebelumnya, telah menjual atau years, sold or reclassified a significant
mereklasifikasi investasi dimiliki hingga amount of held-to-maturity investments
jatuh tempo dalam jumlah yang lebih dari before maturity (more than insignificant in
jumlah yang tidak signifikan sebelum jatuh relation to the total amount of held-to-
tempo (lebih dari jumlah yang tidak maturity investments) other than sales or
signifikan dibandingkan dengan jumlah reclassifications that:
nilai investasi dimiliki hingga jatuh tempo),
kecuali penjualan atau reklasifikasi
tersebut dimana:
a. dilakukan ketika aset keuangan a. are so close to maturity or the

sudah mendekati jatuh tempo atau financial asset’s repurchase date that
tanggal pembelian kembali di mana changes in the market rate of interest
perubahan suku bunga tidak akan would not have a significant effect on
berpengaruh secara signifikan the financial asset’s fair value;
terhadap nilai wajar aset keuangan
tersebut;
b. terjadi setelah Grup telah b. occur after the Group has collected
memperoleh secara substansial substantially all of the original
seluruh jumlah pokok aset keuangan principal of the financial assets
tersebut sesuai jadwal pembayaran through scheduled payments or
atau Grup telah memperoleh prepayments; or
pelunasan dipercepat; atau
c. terkait dengan kejadian tertentu yang c. are attributable to an isolated event

berada di luar kendali Grup, tidak that is beyond the Group’s control, is
berulang, dan tidak dapat diantisipasi non-recurring and could not have
secara wajar oleh Grup. been reasonably anticipated by the
Group.
47
2020 Annual Report


(continued)

Reklasifikasi aset keuangan dari kelompok Reclassifications of financial assets from

dimiliki hingga jatuh tempo ke kelompok held-to-maturity classification to available-
tersedia untuk dijual dicatat sebesar nilai for-sale are recorded at fair value. The
wajarnya. Keuntungan atau kerugian yang unrealized gains or losses are recorded in
belum direalisasi tetap dilaporkan dalam equity section until the financial assets are
komponen ekuitas sampai aset keuangan derecognized, at which time the
tersebut dihentikan pengakuannya, dan cumulative gain or loss previously
pada saat itu keuntungan atau kerugian recognized in equity shall be recognized
kumulatif yang sebelumnya diakui dalam in current year profit/loss.
ekuitas harus diakui sebagai laba/rugi
tahun berjalan.
Reklasifikasi aset keuangan dari kelompok Reclassification of financial assets from

tersedia untuk dijual ke kelompok dimiliki available-for-sale to held-to-maturity
hingga jatuh tempo dicatat pada nilai classification are recorded at carrying
tercatat. Keuntungan atau kerugian yang amount. The unrealized gains or losses
belum direalisasi harus diamortisasi are amortized by using effective interest
menggunakan suku bunga efektif sampai rate up to the maturity date of that
dengan tanggal jatuh tempo instrumen instrument.
tersebut.
(vii) Saling hapus (vii) Offsetting
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are set off
saling hapus buku dan nilai netonya and the net amount is presented in the
disajikan dalam laporan posisi keuangan consolidated statement of financial
konsolidasian jika, dan hanya jika Grup position when, and only when, the Group
memiliki hak yang berkekuatan hukum has a legal right to set off the amounts
untuk melakukan saling hapus atas jumlah and intends either to settle on a net basis
yang telah diakui tersebut dan adanya or to realize the asset and settle the
maksud untuk menyelesaikan secara neto liability simultaneously.
atau untuk merealisasikan aset dan
menyelesaikan liabilitasnya secara
bersamaan.
Hal yang berkekuatan hukum harus tidak The legally enforceable right must not be
kontinjen atas peristiwa di masa depan contingent on future events and must be
dan harus dapat dipaksakan di dalam enforceable in the normal course of
situasi bisnis yang normal, peristiwa business and in the event of default,
kegagalan atau kebangkrutan dari entitas insolvency or bankruptcy of the company
atas seluruh pihak lawan. or the counterparty.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah neto hanya jika diperkenankan net basis only when permitted by the
oleh standar akuntansi. accounting standards.
48
2020 Annual Report

(viii) Pengukuran biaya diamortisasi (viii) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial asset or
keuangan atau liabilitas keuangan adalah liability is the amount at which the
jumlah aset keuangan atau liabilitas financial asset or liability is measured at
keuangan yang diukur pada saat initial recognition, minus principal
pengakuan awal dikurangi pembayaran repayments, plus or minus the cumulative
pokok pinjaman, ditambah atau dikurangi amortization using the effective interest
amortisasi kumulatif menggunakan rate method of any difference between the
metode suku bunga efektif yang dihitung initial amount recognized and the maturity
dari selisih antara nilai pengakuan awal amount, minus any reduction for
dan nilai jatuh temponya, dan dikurangi impairment.
penurunan nilai.
(ix) Pengukuran nilai wajar (ix) Fair value measurement
Nilai wajar adalah harga yang akan Fair value is the price that would be
diterima untuk menjual suatu aset atau received to sell an asset or paid to
harga yang akan dibayar untuk transfer a liability in an orderly transaction
mengalihkan suatu liabilitas dalam suatu between market participants at
transaksi teratur antara pelaku pasar pada measurement date.
tanggal pengukuran.
Jika tersedia, Grup mengukur nilai wajar When available, the Group measures the
dari suatu instrumen dengan fair value of an instrument using quoted
menggunakan harga kuotasi di pasar aktif prices in an active market for that
untuk instrumen terkait. Suatu pasar instrument. A market is regarded as active
dianggap aktif bila harga yang if quoted prices are readily and regularly
dikuotasikan tersedia sewaktu-waktu dari available from an exchange, dealer,
bursa, pedagang efek (dealer), perantara broker, industry group, pricing service or
efek (broker), kelompok industri, badan regulatory agency and those prices
pengawas (pricing service or regulatory represent actual and regularly occurring
agency), dan merupakan transaksi pasar market transaction on an arm’s length
aktual dan teratur terjadi yang dilakukan basis. The fair value can be obtained from
secara wajar. Nilai wajar dapat diperoleh IDMA’s (Interdealer Market Association)
dari Interdealer Market Association (IDMA) quoted market prices or broker’s quoted
atau harga pasar atau harga yang price from Bloomberg or Reuters on the
diberikan oleh broker (quoted price) dari measurement date.
Bloomberg atau Reuters pada tanggal
pengukuran.
Jika pasar untuk instrumen keuangan If a market for a financial instrument is not
tidak aktif, Grup menetapkan nilai wajar active, the Group establishes fair value
dengan menggunakan teknik penilaian. using a valuation technique.
Grup menggunakan beberapa teknik The Group uses widely recognized

penilaian yang digunakan secara umum valuation models for determining fair
untuk menentukan nilai wajar dari values of financial instruments of lower
instrumen keuangan dengan tingkat complexity, such as exchange value
kompleksitas yang rendah, seperti opsi options and currency swaps. For these
nilai tukar dan swap mata uang. Input financial instruments, inputs into models
yang digunakan dalam teknik penilaian are generally market-observable.
untuk instrumen keuangan di atas adalah
data pasar yang diobservasi.
49
2020 Annual Report

(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Untuk instrumen yang lebih kompleks, For more complex instruments, the Group
Grup menggunakan model penilaian uses internally developed models, which
internal, yang pada umumnya are usually based on valuation methods
berdasarkan teknik dan metode penilaian and techniques generally recognized as
yang umumnya diakui sebagai standar standard within the industry. Valuation
industri. Model penilaian terutama models are used primarily to value
digunakan untuk menilai kontrak derivatif derivatives transacted in the over-the-
yang ditransaksikan melalui pasar over- counter market, unlisted debt securities
the-counter, unlisted debt securities (including those with embedded
(termasuk surat utang dengan derivatif derivatives) and other debt instruments for
melekat) dan instrumen utang lainnya which markets were or have become
yang pasarnya tidak aktif. illiquid.
Untuk instrumen keuangan yang tidak For financial instruments with no quoted
mempunyai harga pasar, estimasi atas market price, a reasonable estimate of the
nilai wajar efek-efek ditetapkan dengan fair value is determined by reference to
mengacu pada nilai wajar instrumen lain the fair value of another instrument which
yang substansinya sama atau dihitung substantially has the same characteristics
berdasarkan arus kas yang diharapkan or calculated based on the expected cash
terhadap aset neto efek-efek tersebut. flows of the underlying net asset base of
the marketable securities.
Hasil dari suatu teknik penilaian The output of a valuation technique is an
merupakan sebuah estimasi atau estimation or approximation of a value
perkiraan dari suatu nilai yang tidak dapat that cannot be determined with certainty,
ditentukan dengan pasti, dan teknik and the valuation technique employed
penilaian yang digunakan mungkin tidak may not fully reflect all factors relevant to
dapat menggambarkan seluruh faktor the positions that the Group holds.
yang relevan atas posisi yang dimiliki Valuations are therefore adjusted, with
Grup. Dengan demikian, penilaian additional factors such as model risk,
disesuaikan dengan faktor tambahan liquidity risk and counterparty credit risk.
seperti model risk, risiko likuiditas dan Based on the established fair value
risiko kredit counterparty. Berdasarkan valuation technique policy, related
kebijakan teknik penilaian nilai wajar, controls and procedures applied,
pengendalian dan prosedur yang management believes that these valuation
diterapkan, manajemen berkeyakinan adjustments are necessary and
bahwa penyesuaian atas penilaian considered appropriate to fairly state the
tersebut di atas diperlukan dan dianggap values of financial instruments measured
tepat untuk menyajikan secara wajar nilai at fair value in the consolidated statement
dari instrumen keuangan yang diukur of financial position. Price data and
berdasarkan nilai wajar dalam laporan parameters used in the measurement
posisi keuangan konsolidasian. Data procedures applied are generally
harga dan parameter yang digunakan reviewed and adjusted, if necessary,
didalam prosedur pengukuran pada particularly in view of the current market
umumnya telah direview dan disesuaikan developments.
jika diperlukan, khususnya untuk
perkembangan atas pasar terkini.
Pada saat nilai wajar dari unlisted equity In cases when the fair value of unlisted
instruments tidak dapat ditentukan equity instruments cannot be determined
dengan handal, instrumen tersebut dinilai reliably, the instruments are carried at
sebesar biaya perolehan dikurangi cost less impairment value. The fair value
dengan penurunan nilai. Nilai wajar atas for loans and receivables as well as
pinjaman yang diberikan dan piutang, liabilities to banks and customers are
serta liabilitas kepada bank dan nasabah determined using a present value model
on the basis of contractually agreed cash
ditentukan menggunakan nilai
flows, taking into account credit quality,
berdasarkan arus kas kontraktual, dengan liquidity and costs.
mempertimbangkan kualitas kredit,
likuiditas dan biaya.
50
2020 Annual Report

(ix) Pengukuran nilai wajar (lanjutan) (ix) Fair value measurement (continued)
Semua aset dan liabilitas dimana nilai All assets and liabilities which fair value is
wajar diukur atau diungkapkan dalam measured or disclosed in the financial
laporan keuangan dapat dikategorikan statements can be classified in fair value
pada level hirarki nilai wajar, berdasarkan hierarchy levels, based on following level:
tingkatan sebagai berikut:
- Tingkat 1: Harga kuotasian (tidak - Level 1: Quoted price (unadjusted) in

disesuaikan) dari pasar aktif untuk aset active markets for identical assets or
atau liabilitas yang identik. liabilities.
- Tingkat 2: Input selain harga yang - Level 2: inputs other than quoted prices
dikutip dari pasar yang disertakan pada included within Level 1 that are
tingkat 1 yang dapat diobservasi untuk observable for the asset or liability,
aset dan liabilitas, baik secara langsung either directly (as a price) or indirectly
(yaitu sebagai suatu harga) atau secara (as derived from price).
tidak langsung (sebagai turunan dari
harga).
- Tingkat 3: Input untuk aset atau liabilitas - Level 3: input for asset or liabilities
yang tidak didasarkan pada data pasar based on unobservable inputs for the
yang dapat diobservasi (informasi yang asset or liability.
tidak dapat diobservasi).
(x) Cadangan kerugian penurunan nilai atas (x) Allowance for impairment losses on
aset keuangan financial assets
Kebijakan akuntansi yang berlaku Applicable accounting policies as of

sejak 1 Januari 2020 1 January 2020
• Grup mengakui penyisihan kerugian • The Group recognizes the allowance

kredit ekskpektasian pada instrumen for expected credit losses on financial
keuangan yang tidak diukur pada nilai instruments that are not measured at
wajar melalui laba rugi. fair value through profit or loss.
• Tidak ada penyisihan kerugian kredit • There is no allowance for expected

ekskpektasian pada investasi credit losses on investment in equity
instrumen ekuitas. instruments.
• Grup mengukur cadangan kerugian • The Group measure the allowance for
sejumlah kerugian kredit losses for the lifetime of an expected
ekspektasian sepanjang umurnya, credit losses, except for the
kecuali untuk hal berikut, diukur following, which are measured
sejumlah kerugian kredit according to 12 months expected
ekspektasian 12 bulan: credit losses:
• instrumen utang yang memiliki risiko • debt instruments that have low credit
kredit rendah pada tanggal risk at the reporting date; and
pelaporan; dan
• instrumen keuangan lainnya yang • other financial instruments for which
risiko kreditnya tidak meningkat credit risk has not increased
secara signifikan sejak pengakuan significantly since initial recognition.
awal.
Grup menganggap instrumen utang The Group considers debt instruments to

memiliki risiko kredit yang rendah ketika have low credit risk when the credit risk
peringkat risiko kreditnya setara dengan rating is at par with the globally
definisi investment grade yang dipahami understood definition of investment grade.
secara global.
51
2020 Annual Report

aset keuangan (lanjutan) financial assets (continued)

Kerugian kredit ekspektasian 12 bulan The 12-month expected credit loss is part
adalah bagian dari kerugian kredit of the expected credit loss throughout its
ekspektasian sepanjang umurnya yang lifetime that represents an expected credit
merepresentasikan kerugian kredit loss arising from a default on financial
ekspektasian yang timbul dari peristiwa instruments that might occur 12 months
gagal bayar instrumen keuangan yang after reporting date.
mungkin terjadi dalam 12 bulan setelah
tanggal pelaporan.
Pengukuran Kerugian Kredit Measurement of Expected Credit

Ekspektasian Losses
Kerugian Kredit Ekspektasian adalah Expected Credit Loss is an estimate of the

estimasi probabilitas tertimbang dari weighted probability of a credit loss
kerugian kredit yang diukur sebagai measured as follows:
berikut:
• aset keuangan yang tidak memburuk • Financial assets that do not
pada tanggal pelaporan, kerugian deteriorate at the reporting date, the
kredit ekspektasian diukur sebesar expected credit loss is measured at
selisih antara nilai kini dari seluruh the difference between the present
kekurangan kas (yaitu selisih antara value of all cash shortages (i.e. the
arus kas yang terutang kepada Grup difference between the cash flows
sesuai dengan kontrak dan arus kas owed to the Group in accordance with
yang diperkirakan akan diterima oleh the contract and the cash flows
Grup); expected to be received by the
Group);
• aset keuangan yang memburuk pada • Financial assets that deteriorate at the
tanggal pelaporan, kerugian kredit reporting date, the expected credit
ekspektasian diukur sebesar selisih loss is measured at the difference
antara jumlah tercatat bruto dan nilai between the gross carrying amount
kini arus kas masa depan yang and the present value of estimated
diestimasi; future cash flows;
• komitmen pinjaman yang belum • For undisbursed loan commitments,
ditarik, kerugian kredit ekspektasian expected credit losses are measured
diukur sebesar selisih antara nilai kini at the difference between the present
jumlah arus kas jika komitmen ditarik value of the amount of cash flow if the
dan arus kas yang diperkirakan akan commitments is withdrawn and the
diterima oleh Grup; cash flow expected to be received by
the Group;
• kontrak jaminan keuangan, kerugian • For financial guarantee contracts,
kredit ekspektasian diukur sebesar expected credit losses are measured
selisih antara pembayaran yang at the difference between the
diperkirakan untuk mengganti estimated payments to replace the
pemegang atas kerugian kredit yang holder for the credit losses incurred
terjadi dikurangi jumlah yang less the amount estimated to be
diperkirakan dapat dipulihkan. recoverable.
52
2020 Annual Report


Aset Keuangan Yang Direstrukturisasi Restructured Financial Assets
Jika ketentuan aset keuangan If the terms of the financial assets are
dinegosiasikan ulang atau dimodifikasi renegotiated or modified or the existing
atau aset keuangan yang ada diganti financial assets are replaced with new
dengan yang baru karena kesulitan ones due to the borrower’s financial
keuangan peminjam, maka dilakukan difficulties, an assessment is made
penilaian apakah aset keuangan yang ada whether recognition of existing financial
harus dihentikan pengakuannya dan
assets must be derecognized and
kerugian kredit ekspektasian diukur
sebagai berikut: expected credit losses measured as
follows:
• Jika restrukturisasi tidak • If the restructuring does not result in

mengakibatkan penghentian the termination of recognition of
pengakuan aset yang ada, maka arus existing assets, then the estimated
kas yang diperkirakan yang timbul cash flows arising from the modified
dari aset keuangan yang dimodifikasi financial assets are included in the
dimasukkan dalam perhitungan calculation of cash shortages of
kekurangan kas dari aset yang ada. existing assets.
• Jika restrukturisasi akan • If the restructuring will result in a

menghasilkan penghentian derecognition of the existing assets,
pengakuan aset yang ada, maka nilai the fair value of the new asset is
wajar aset baru diperlakukan sebagai treated as the final cash flow of the
arus kas akhir dari aset keuangan existing financial assets at the time of
yang ada pada saat penghentian derecognition. This amount is included
pengakuannya. Jumlah ini in the calculation of cash shortages
dimasukkan dalam perhitungan from existing financial assets which
kekurangan kas dari aset keuangan are discounted from the date of
yang ada yang didiskontokan dari derecognition to the reporting date
tanggal penghentian pengakuan ke using the initial effective interest rate
tanggal pelaporan menggunakan suku of the existing financial assets.
bunga efektif awal dari aset keuangan
yang ada.
Aset Keuangan Yang Memburuk Credit-impaired Financial Assets
Pada setiap tanggal pelaporan, Grup At each reporting date, the Group
menilai apakah aset keuangan yang assesses whether the financial assets
dicatat pada biaya perolehan diamortisasi recorded at amortized cost and the debt
dan aset keuangan instrumen utang yang instrument financial assets which are
dicatat pada nilai wajar melalui recorded at fair value through other
penghasilan komprehensif lain mengalami comprehensive income are credit-
penurunan nilai kredit (memburuk). Aset
impaired (worsening). Financial assets
keuangan memburuk ketika satu atau
lebih peristiwa yang memiliki dampak deteriorate when one or more events that
merugikan atas estimasi arus kas masa have an adverse effect on the estimated
depan dari aset keuangan telah terjadi. future cash flows of the financial assets
have occurred.
53
2020 Annual Report


Aset Keuangan Yang Memburuk Credit-impaired Financial Assets

Bukti bahwa aset keuangan mengalami Evidence that financial assets become
penurunan nilai kredit (memburuk) credit impaired including observable data
termasuk data yang dapat diobservasi regarding the following events:
mengenai peristiwa berikut ini: • Significant financial difficulties
• kesulitan keuangan signifikan yang experienced by the issuer or the
dialami penerbit atau pihak peminjam; borrower;
• pelanggaran kontrak, seperti peristiwa • Breach of contract, such as a default
gagal bayar atau peristiwa tunggakan; or arrears;
• pihak pemberi pinjaman, untuk alasan • The lender, for economic or
ekonomik atau kontraktual contractual reasons in relation to the
sehubungan dengan kesulitan financial difficulties experienced by the
keuangan yang dialami pihak borrower, has given concessions to
peminjam, telah memberikan konsesi the borrower which is not possible if
pada pihak peminjam yang tidak the borrower does not experience
mungkin diberikan jika pihak such difficulties;
peminjam tidak mengalami kesulitan
tersebut;
• terjadi kemungkinan bahwa pihak • It is probable that the borrower will
peminjam akan dinyatakan pailit atau enter bankruptcy or the other financial
melakukan reorganisasi keuangan reorganization; or
lainnya; atau
• hilangnya pasar aktif dari aset • Loss of an active market for financial
keuangan akibat kesulitan keuangan. assets due to financial difficulties.
• Pembelian atau penerbitan aset • Purchase or issuance of financial
keuangan dengan diskon sangat asset at significant discount which
besar yang mencerminkan kerugian reflect the credit loss that occurs.
kredit yang terjadi.
Aset Keuangan yang Dibeli atau yang Purchased or originated credit-

berasal dari aset keuangan memburuk impaired financial assets - POCI
(Purchased or originated credit-
impaired financial assets - POCI)
Aset keuangan dikategorikan sebagai Financial assets are catergorized as

POCI apabila terdapat bukti objektif POCI if there is objective evidence of
penurunan nilai pada saat pengakuan impairment at initial recognition. At initial
awal. Pada saat pengakuan awal, tidak recognition, no allowance for credit
ada penyisihan kerugian kredit yang losses is recognized because the
diakui karena harga pembelian atau purchase price or value has included
nilainya telah termasuk estimasi kerugian
lifetime estimated credit losses.
kredit sepanjang umurnya. Selanjutnya,
perubahan kerugian kredit sepanjang Furthermore, changes in lifetime credit
umurnya, apakah positif atau negatif, losses, whether positive or negative, are
diakui dalam laporan laba rugi sebagai recognized in the statement of profit or
bagian dari cadangan kerugian penurunan loss as part of the allowance for
nilai. impairment losses.
54
2020 Annual Report


Penyajian Penyisihan Kerugian Kredit Presentation of Allowance for

Ekspektasian Dalam Laporan Posisi Expected Credit Losses in Statements
Keuangan of Financial Position
Penyisihan kerugian kredit ekspektasian Allowance for expected credit losses is

disajikan dalam laporan posisi keuangan presented in the statement of financial
sebagai berikut: positions as follows:
• aset keuangan yang diukur pada • For financial assets measured at
biaya perolehan diamortisasi, amortized cost, allowance for
penyisihan kerugian kredit expected credit losses is presented as
ekspektasian disajikan sebagai a deduction from the gross carrying
pengurang dari jumlah tercatat bruto amount of the asset;
aset; • For loan commitments and financial
• komitmen pinjaman dan kontrak guarantee contracts, allowance for
jaminan keuangan, penyisihan expected credit losses is presented as
kerugian kredit ekspektasian disajikan a provision;
sebagai provisi; • For debt instruments measured at fair
• instrumen utang yang diukur pada value through other comprehensive
nilai wajar melalui penghasilan income, allowance for expected credit
komprehensif lain, penyisihan losses are not recognized in the
kerugian kredit ekspektasian tidak statement of financial position
diakui dalam laporan posisi keuangan because the carrying amounts of
karena jumlah tercatat dari aset-aset these assets are at their fair values.
ini adalah nilai wajarnya. Namun However, allowance for expected
demikian penyisihan kerugian kredit credit losses is disclosed and
ekspektasian diungkapkan dan diakui recognized in other comprehensive
dalam penghasilan komprehensif lain. income.
Perhitungan penurunan nilai secara Individual impairment calculation

individual
Bank menetapkan pinjaman yang The Bank determines that loans should be
diberikan yang harus dievaluasi evaluated for impairment through
penurunan nilainya secara individual, jika individual evaluation if one of the following
memenuhi salah satu kriteria di bawah ini: criteria is met:
• Pinjaman yang diberikan yang secara • Loans which individually have
individual memiliki nilai signifikan; significant value; or
atau
• Pinjaman yang diberikan yang • Restructured loans which individually
direstrukturisasi yang secara have significant value.
individual memiliki nilai signifikan.
55
2020 Annual Report


Perhitungan penurunan nilai secara Collective impairment calculation

kolektif
Bank menetapkan pinjaman yang The Bank determines loans to be

penurunan nilainya secara kolektif, jika collective evaluation if one of the following
memenuhi salah satu kriteria di bawah ini: criteria is met:
• Pinjaman yang diberikan yang secara • Loans which individually have
individual memiliki nilai tidak insignificant value; or
signifikan; atau
• Pinjaman yang diberikan yang • Restructured loans which individually
direstrukturisasi yang secara have insignificant value.
individual memiliki nilai tidak
signifikan.
Penerimaan kembali atas aset Recoveries of written-off financial

keuangan yang telah dihapusbukukan assets
Ketika pinjaman yang diberikan tidak When a loan is uncollectible, it is written

tertagih, pinjaman yang diberikan tersebut off against the related allowance for
dihapusbuku dengan menjurnal balik impairment loss. Such loans are written
cadangan kerugian penurunan nilai. off after all the necessary procedures
Pinjaman yang diberikan tersebut dapat have been completed and the amount of
dihapus buku setelah semua prosedur the loss has been determined.
yang diperlukan telah dilakukan dan
jumlah kerugian telah ditentukan.
Penerimaan kembali atas aset keuangan The recoveries of written-off financial

yang telah dihapusbukukan pada tahun assets in the current year are credited by
berjalan dikreditkan dengan adjusting the allowance for impairment
menyesuaikan akun cadangan kerugian losses accounts. Recoveries of written-off
penurunan nilai. Penerimaan kembali atas financial assets from previous years are
aset keuangan yang telah recorded as operational income other
dihapusbukukan pada tahun sebelumnya than interest income.
dicatat sebagai pendapatan operasional
selain pendapatan bunga.
Pada setiap tanggal laporan posisi At each consolidated statement of

keuangan konsolidasian, Grup financial position date, the Group
mengevaluasi apakah terdapat bukti assesses whether there is objective
obyektif bahwa aset keuangan yang tidak evidence that financial assets not carried
dicatat pada nilai wajar melalui laporan at fair value through profit or loss are
laba rugi telah mengalami penurunan nilai. impaired. Financial assets are impaired
Aset keuangan mengalami penurunan when objective evidence demonstrates
nilai jika bukti obyektif menunjukkan that loss event has occurred after the
bahwa peristiwa yang merugikan telah initial recognition of the asset, and that the
terjadi setelah pengakuan awal aset loss event has an impact on the future
keuangan, dan peristiwa tersebut cash flows on the asset that can be
berdampak pada arus kas masa datang estimated reliably.
atas aset keuangan yang dapat diestimasi
secara handal.
56
2020 Annual Report



keuangan yang telah dihapusbukukan assets (continued)
(lanjutan)
Kriteria yang digunakan oleh Grup untuk The criteria used by the Group to
menentukan bukti obyektif dari penurunan determine that there is objective evidence
nilai adalah sebagai berikut: of impairment include:
a) kesulitan keuangan signifikan yang a) significant financial difficulty of the

dialami penerbit atau pihak peminjam; issuer or obligor;
b) pelanggaran kontrak, seperti terjadinya b) a breach of contract, such as a default
wanprestasi atau tunggakan or delinquency in interest or principal
pembayaran pokok atau bunga; payments;
c) pihak pemberi pinjaman, dengan c) the lender, for economic or legal
alasan ekonomi atau hukum reasons relating to the borrower’s
sehubungan dengan kesulitan financial difficulty, grants the borrower
keuangan yang dialami pihak a concession that the lender would not
peminjam, memberikan keringanan otherwise consider;
(konsesi) pada pihak peminjam yang
tidak mungkin diberikan jika pihak
peminjam tidak mengalami kesulitan
tersebut;
d) terdapat kemungkinan bahwa pihak d) it becomes probable that the borrower
peminjam akan dinyatakan pailit atau will enter into bankruptcy or other
melakukan reorganisasi keuangan financial reorganization;
lainnya;
e) hilangnya pasar aktif dari aset e) the disappearance of an active market
keuangan akibat kesulitan keuangan; for that financial asset because of
atau financial difficulties; or
f) data yang dapat diobservasi f) observable data indicating that there is
mengindikasikan adanya penurunan a measurable decrease in the
yang dapat diukur atas estimasi arus estimated future cash flows from a
kas masa datang dari kelompok aset portfolio of financial assets since the
keuangan sejak pengakuan awal aset initial recognition of those assets,
dimaksud, meskipun penurunannya although the decrease has not yet
belum dapat diidentifikasi terhadap been identified individually in the
aset keuangan secara individual dalam portfolio, including:
kelompok aset tersebut, termasuk:
1) memburuknya status pembayaran 1) adverse changes in the payment

pihak peminjam dalam kelompok status of borrowers in the portfolio;
tersebut; dan and
2) kondisi ekonomi nasional atau lokal 2) national or local economic
yang berkorelasi dengan conditions that correlate with
wanprestasi atas aset dalam defaults on the assets in the
kelompok tersebut. portfolio.
57
2020 Annual Report



(lanjutan)
Estimasi periode antara terjadinya The estimated period between the

peristiwa dan teridentifikasinya kerugian occurrence of the event and identification
ditentukan oleh manajemen untuk setiap of loss is determined by management for
portofolio yang diidentifikasi. Pada each identified portfolio. In general, the
umumnya, periode tersebut bervariasi periods used vary between 3 to 12
antara 3 sampai 12 bulan, untuk kasus months, for exceptional cases, longer
tertentu diperlukan periode lebih lama. periods are needed.
Grup pertama kali menentukan apakah The Group first assesses whether the
aset keuangan signifikan secara financial asset is individually significant. If
individual. Apabila aset keuangan the financial asset is considered
signifikan secara individual, maka Grup individually significant, the Group will
akan menentukan apakah terdapat bukti determine whether there is an objective
obyektif penurunan nilai secara individual evidence of individual impairment exist or
atas aset keuangan. Jika Grup not. If the Group determines that no
menentukan tidak terdapat bukti obyektif objective evidence of impairment exists
mengenai penurunan nilai atas aset for an individually assessed financial
keuangan yang dinilai secara individual, asset, whether significant or not, it
terlepas aset keuangan tersebut signifikan includes the asset in a group of financial
atau tidak, maka Grup memasukkan aset assets with similar credit risk
tersebut ke dalam kelompok aset characteristics and collectively assesses
keuangan yang memiliki karakteristik them for impairment. Financial assets that
risiko kredit yang serupa dan menilai are individually assessed for impairment
penurunan nilai kelompok tersebut secara and for which an impairment loss is or
kolektif. Aset keuangan yang penurunan continues to be recognized are not
nilainya dilakukan secara individual, dan included in a collective assessment of
untuk itu kerugian penurunan nilai telah impairment.
diakui atau tetap diakui, tidak termasuk
dalam penilaian penurunan nilai secara
kolektif.
A) Aset keuangan yang dicatat A) Financial assets carried at amortized

berdasarkan biaya perolehan cost
diamortisasi

individual
Bank menetapkan pinjaman yang The Bank determines that loans

diberikan yang harus dievaluasi should be evaluated for impairment
penurunan nilainya secara individual, through individual evaluation if one of
jika memenuhi salah satu kriteria di the following criteria is met:
bawah ini:
58
2020 Annual Report


berdasarkan biaya perolehan cost (continued)
diamortisasi (lanjutan)

individual (lanjutan) (continued)
1. Pinjaman yang diberikan yang 1. Loans which individually have

secara individual memiliki nilai significant value and objective
signifikan dan memiliki bukti evidence of impairment; or
obyektif penurunan nilai; atau
2. Pinjaman yang diberikan yang 2. Restructured loans which
direstrukturisasi yang secara individually have significant value.
individual memiliki nilai signifikan.
Berdasarkan kriteria di atas, Bank Based on the above criteria, the Bank
melakukan penilaian secara individual performs individual assessment for: (a)
untuk: (a) Pinjaman yang diberikan Corporate and middle loans in which
dalam segmen pasar korporasi dan collectibility is classified as
usaha menengah dengan kolektibilitas substandard, doubtful and loss; or (b)
kurang lancar, diragukan dan macet; Restructured corporate and middle
atau (b) Pinjaman yang diberikan loans.
dalam segmen pasar korporasi dan
usaha menengah yang
direstrukturisasi.
Jumlah kerugian penurunan nilai The amount of impairment loss is

diukur berdasarkan selisih antara nilai measured as the difference between
tercatat aset keuangan dengan nilai the asset’s carrying amount and the
kini dari estimasi arus kas masa present value of estimated future cash
datang (tanpa memperhitungkan flows (excluding future credit losses
kerugian penurunan nilai dimasa that have not been incurred)
datang yang belum terjadi) yang discounted at the financial asset’s
didiskontokan menggunakan tingkat original effective interest rate. The
suku bunga efektif awal dari aset carrying amount of the asset is
keuangan tersebut. Nilai tercatat aset reduced through the use of an
tersebut dikurangi melalui akun allowance for impairment loss account
cadangan kerugian penurunan nilai and the amount of the loss is
dan beban kerugian diakui pada recognized in the profit or loss. If a
laporan laba rugi. Jika pinjaman yang loan or held-to-maturity financial
diberikan atau aset keuangan dimiliki assets has a variable interest rate, the
hingga jatuh tempo memiliki suku discount rate for measuring any
bunga variabel, maka tingkat diskonto impairment loss is the current effective
yang digunakan untuk mengukur interest rate determined under the
setiap kerugian penurunan nilai adalah contract.
suku bunga efektif yang berlaku yang
ditetapkan dalam kontrak.
59
2020 Annual Report

individual (lanjutan) (continued)
Jika persyaratan pinjaman yang If the terms of the loans, receivables or
diberikan, piutang atau efek-efek yang held-to-maturity marketable securities
dimiliki hingga jatuh tempo dinegosiasi are renegotiated or otherwise modified
ulang atau dimodifikasi karena debitur because of financial difficulties of the
atau penerbit mengalami kesulitan borrower or issuer, impairment is
keuangan, maka penurunan nilai measured using the original effective
diukur dengan suku bunga efektif awal interest rate before the modification of
yang digunakan sebelum persyaratan terms.
diubah.
Perhitungan nilai kini dari estimasi arus The calculation of the present value of
kas masa datang atas aset keuangan the estimated future cash flows of a
dengan agunan mencerminkan arus collateralised financial asset reflects
kas yang dapat dihasilkan dari the cash flows that may result from
pengambilalihan agunan dikurangi foreclosure less costs for obtaining
biaya-biaya untuk memperoleh dan and selling the collateral, whether or
menjual agunan, terlepas apakah not foreclosure is probable.
pengambilalihan tersebut berpeluang
terjadi atau tidak.
kolektif
Bank menetapkan pinjaman yang The Bank determines loans to be
penurunan nilainya secara kolektif, jika collective evaluation if one of the
memenuhi salah satu kriteria di bawah following criteria is met:
ini:
secara individual memiliki nilai tidak insignificant value;
signifikan;
secara individual memiliki nilai significant value but there is no
signifikan namun tidak memiliki objective evidence of impairment;
bukti obyektif penurunan nilai; atau or
3. Pinjaman yang diberikan yang 3. Restructured loans which
direstrukturisasi yang secara individually have insignificant value.
individual memiliki nilai tidak
signifikan.
Berdasarkan kriteria di atas, penilaian Based on the above criteria, the Bank
secara kolektif dilakukan untuk: (a) performs collective assessment for: (a)
Pinjaman yang diberikan dalam Corporate and middle loans in which
segmen pasar korporasi dan usaha collectibility is classified as current and
menengah dengan kolektibilitas lancar special mention, and have never been
dan dalam perhatian khusus serta restructured; or (b) Retail and
tidak direstrukturisasi; atau (b) consumer loans.
Pinjaman yang diberikan dalam
segmen pasar usaha kecil dan
konsumen.
60
2020 Annual Report



kolektif (lanjutan) (continued)
Cadangan kerugian penurunan nilai Calculation of allowance for

atas pinjaman yang diberikan yang impairment losses on loans are
dinilai secara kolektif dihitung collectively evaluated on the basis of
berdasarkan pengalaman kerugian historical loss experience. Historical
historis. Pengalaman kerugian historis loss experience is adjusted on the
disesuaikan menggunakan dasar data basis of current observable data to
yang dapat diobservasi untuk reflect the effects of current conditions
mencerminkan efek dari kondisi saat affecting the Bank and to remove the
ini terhadap Bank dan menghilangkan effects of conditions in the historical
efek dari masa lalu yang sudah tidak period that do not currently exist.
berlaku saat ini. Pinjaman yang Financial assets are grouped on the
diberikan dikelompokan berdasarkan basis of similar credit risk
karakteristik risiko kredit yang sama characteristics by considering the
antara lain dengan mempertimbangkan segmentation and past due status of
segmentasi dan tunggakan debitur. the debtors, among others.
Bank menggunakan metode analisis The Bank applies statistical model

model statistik seperti, migration analysis method, which are migration
analysis method dan roll rates analysis analysis and roll rate analysis
method, untuk menilai cadangan methods, to assess the allowance for
kerugian penurunan nilai. impairment losses.
Bank menerapkan roll rate method The Bank applies roll rate method for
untuk pinjaman kartu kredit dengan credit card loans using 3 years
menggunakan data historis selama 3 historical data to compute the
tahun dalam menghitung Probability of Probability of Default (PD) and Loss
Default (PD) dan Loss Given Default Given Default (LGD). For loans other
(LGD). Untuk pinjaman selain kartu than credit card loans, the Bank
kredit, Bank menerapkan migration applies migration analysis method
analysis method dengan using 5 years historical data to
menggunakan data historis selama 5 compute the PD and LGD.
tahun dalam menghitung PD dan LGD.
Grup menggunakan nilai wajar agunan The Group uses the fair value of
sebagai dasar arus kas masa datang collateral as the basis for future cash
apabila memenuhi salah satu kondisi flows if one of the following conditions
berikut: is met:
1. Kredit bersifat collateral dependent, 1. Loans are collateral dependent, i.e.
yaitu jika pelunasan kredit hanya if the source of loans repayment is
bersumber dari agunan; atau only from the collateral; or
2. Pengambilalihan agunan 2. Foreclosure of collateral is most
kemungkinan besar terjadi dan likely to occur and supported by
didukung dengan perjanjian legal legally binding collateral
pengikatan agunan. agreement.
61
2020 Annual Report



kolektif (lanjutan) (continued)
Sebagai panduan praktis, Grup dapat As a practical guideline, the Group

mengukur penurunan nilai may measure impairment on the basis
berdasarkan nilai wajar instrumen of an instrument’s fair value using an
dengan menggunakan harga pasar observable market price. Losses are
yang dapat diobservasi. Kerugian yang recognized in the profit or loss and
terjadi diakui pada laporan laba rugi reflected in an allowance for
dan dicatat pada akun cadangan impairment losses account against
kerugian penurunan nilai sebagai financial assets carried at amortized
pengurang terhadap aset keuangan cost. Interest income on the impaired
yang dicatat pada biaya perolehan financial assets continues to be
diamortisasi. Pendapatan bunga atas recognized using the rate of interest
aset keuangan yang mengalami used to discount the future cash flows
penurunan nilai tetap diakui atas dasar for the purpose of measuring the
suku bunga yang digunakan untuk impairment loss.
mendiskonto arus kas masa datang
dalam pengukuran kerugian
penurunan nilai.
Ketika peristiwa yang terjadi setelah When a subsequent event causes the
penurunan nilai menyebabkan jumlah amount of impairment loss to
kerugian penurunan nilai berkurang, decrease, the impairment loss
kerugian penurunan nilai yang previously recognized is reversed
sebelumnya diakui harus dipulihkan through profit or loss.
dan pemulihan tersebut diakui pada
laporan laba rugi.
B) Aset keuangan yang tersedia untuk B) Financial assets classified as

dijual available-for–sale
Untuk aset keuangan yang tersedia For financial assets classified as

untuk dijual, pada setiap tanggal available-for-sale, the Bank assesses
laporan posisi keuangan at each consolidated statement of
konsolidasian, Bank mengevaluasi financial position date whether there is
apakah terdapat bukti obyektif bahwa an objective evidence that a financial
aset keuangan atau kelompok aset asset or a group of financial assets is
keuangan mengalami penurunan nilai. impaired.
62
2020 Annual Report

B) Aset keuangan yang tersedia untuk B) Financial assets classified as

dijual (lanjutan) available-for–sale (continued)
Dalam hal instrumen ekuitas yang In the case of equity instruments

diklasifikasikan sebagai aset keuangan classified as available-for-sale financial
yang tersedia untuk dijual, penurunan assets, a significant or prolonged
yang signifikan atau penurunan jangka decline in the fair value of the
panjang atas nilai wajar investasi, di investment below its cost is an
bawah biaya perolehannya merupakan objective evidence of impairment
bukti obyektif terjadinya penurunan resulting in the recognition of an
nilai dan menyebabkan pengakuan impairment loss. Impairment losses on
kerugian penurunan nilai. Kerugian available-for-sale marketable
penurunan nilai atas efek-efek yang securities are recognized by
tersedia untuk dijual diakui dengan transferring the cumulative loss that
mengeluarkan kerugian kumulatif yang has been recognized directly in equity
telah diakui secara langsung dalam to the consolidated statement of profit
ekuitas ke dalam laporan laba rugi dan or loss and other comprehensive
penghasilan komprehensif lain income.
konsolidasian.
Jika pada periode berikutnya, nilai If in a subsequent period, the fair value
wajar instrumen utang yang of debt instrument classified as
diklasifikasikan dalam kelompok available-for-sale securities increases
tersedia untuk dijual meningkat dan and the increase can be objectively
peningkatan tersebut dapat secara related to an event occurring after the
obyektif dihubungkan dengan peristiwa impairment loss was recognized in
yang terjadi setelah pengakuan statement of consolidated profit or loss
kerugian nilai pada laporan laba rugi and other comprehensive income, the
dan penghasilan komprehensif lain impairment loss is reversed and
konsolidasian, maka kerugian recognized in the period it occurred.
penurunan nilai tersebut harus
dipulihkan dan diakui pada periode
terjadinya.
Kerugian penurunan nilai yang diakui Impairment losses recognized in profit
dalam laba rugi atas investasi ekuitas or loss for an investment in an equity
yang diklasifikasikan sebagai tersedia instrument classified as available - for -
untuk dijual tidak dapat dibalik melalui sale shall not be reversed through
laba rugi. profit or loss.
C) Penerimaan kembali atas aset C) Recoveries of written-off financial
keuangan yang telah dihapusbukukan assets
Ketika pinjaman yang diberikan tidak When a loan is uncollectible, it is

tertagih, pinjaman yang diberikan written off against the related
tersebut dihapusbuku dengan allowance for impairment loss. Such
menjurnal balik cadangan kerugian loans are written off after all the
penurunan nilai. Pinjaman yang necessary procedures have been
diberikan tersebut dapat dihapus buku completed and the amount of the loss
setelah semua prosedur yang has been determined.
diperlukan telah dilakukan dan jumlah
kerugian telah ditentukan.
63
2020 Annual Report

C) Penerimaan kembali atas aset C) Recoveries of written-off financial

(lanjutan)
Penerimaan kembali atas aset The recoveries of written-off financial
keuangan yang telah dihapusbukukan assets in the current year are credited
pada tahun berjalan dikreditkan dengan by adjusting the allowance for
menyesuaikan akun cadangan impairment losses accounts.
kerugian penurunan nilai. Penerimaan Recoveries of written-off financial
kembali atas aset keuangan yang telah assets from previous years are
dihapusbukukan pada tahun recorded as operational income other
sebelumnya dicatat sebagai than interest income.
pendapatan operasional selain
pendapatan bunga.
Sehubungan dengan kepatuhan In compliance with Financial Services
terhadap Otoritas Jasa Keuangan Authority (OJK), the Bank implements
(OJK), Bank menerapkan Peraturan OJK Regulation No. 40/POJK.03/2019
OJK No. 40/POJK.03/2019 tanggal 19 dated 19 December 2019 about
Desember 2019 tentang “Penilaian “Assessment of Commercial Banks’
Kualitas Aset Bank Umum”. Asset Quality”.
d. Prinsip konsolidasian d. Principles of consolidation
Laporan keuangan konsolidasian meliputi The consolidated financial statements include

laporan keuangan BNI beserta seluruh the financial statements of BNI and all its
Entitas Anak yang berada di bawah Subsidiaries that are controlled by BNI.
pengendalian BNI.
Dalam hal pengendalian terhadap Entitas Where Subsidiaries either began or ceased to
Anak dimulai atau diakhiri dalam suatu tahun be controlled during the year, the results of
berjalan, maka hasil usaha Entitas Anak yang operations of those Subsidiaries are included
diperhitungkan ke dalam laporan keuangan in the consolidated financial statements only
konsolidasian hanya sebatas hasil pada saat from the date that the control has commenced
pengendalian tersebut mulai diperoleh atau or up to the date that the control has ceased.
hingga saat pengendalian itu berakhir.
Pengendalian didapat ketika BNI terekspos Control is acquired when BNI is exposed or
atau memiliki hak atas imbal hasil variabel dari has rights to variable returns from its
keterlibatannya dengan Entitas Anak dan involvement with a Subsidiaries and has the
memiliki kemampuan untuk mempengaruhi ability to affect those returns through its power
imbal hasil tersebut melalui kekuasaannya over a Subsidiaries.
atas Entitas Anak.
BNI mengendalikan Entitas Anak jika dan BNI controls a Subsidiary if, and only if, BNI
hanya jika BNI memiliki hal berikut ini: has the following:
a) kekuasaan atas Entitas Anak (hak yang a) power over a Subsidiary (existing rights
ada saat ini yang memberi kemampuan kini that provide the current ability to direct the
untuk mengarahkan aktivitas relevan yang relevant activities that significantly affect
secara signifikan mempengaruhi imbal hasil returns of a subsidiary);
Entitas Anak);
b) eksposur atau hak atas imbal hasil variabel b) exposure, or rights to variable returns from
dari keterlibatannya dengan Entitas Anak; its involvement with the subsidiary; and
c) kemampuan untuk menggunakan c) the ability to use its power over the
kekuasaannya atas Entitas Anak untuk subsidiary to affect the amount of the
mempengaruhi jumlah imbal hasil BNI. subsidiary’s returns.
64
2020 Annual Report

d. Prinsip konsolidasian (lanjutan) d. Principles of consolidation (continued)
Bila Grup tidak memiliki hak suara atau hak When the Group has less than a majority of
serupa secara mayoritas atas suatu Entitas the voting or similar rights of a Subsidiary, the
Anak, Grup mempertimbangkan semua fakta Group considers all relevant facts and
dan keadaan yang relevan dalam circumstances in assessing whether it has
mengevaluasi apakah mereka memiliki power over a Subsidiary, including:
kekuasaan atas Entitas Anak, termasuk:
i) Pengaturan kontraktual dengan pemilik i) The contractual arrangement with the
hak suara lainnya dari Entitas Anak, other vote holders of the Subsidiary,
ii) Hak yang timbul atas pengaturan ii) Rights arising from other contractual
kontraktual lain, dan arrangements, and
iii) Hak suara dan hak suara potensial yang iii) The Group’s voting rights and potential
dimiliki Grup. voting rights.
Grup menilai kembali apakah mereka The Group re-assesses whether or not it
mengendalikan Entitas Anak bila fakta dan controls a Subsidiary if facts and
keadaan mengindikasikan adanya perubahan circumstances indicate that there are changes
terhadap satu atau lebih dari ketiga elemen to one or more of the three elements of
dari pengendalian. Konsolidasi atas Entitas- control. Consolidation of a Subsidiary begins
Entitas Anak dimulai sejak Grup memperoleh when the Group obtains control over the
pengendalian atas Entitas Anak. Aset, Subsidiary and ceases when the Group loses
liabilitas, penghasilan dan beban dari Entitas control of the Subsidiary. Assets, liabilities,
Anak yang diakuisisi pada tahun tertentu income and expenses of a Subsidiary
disertakan dalam laporan keuangan acquired during the year are included in the
konsolidasian sejak tanggal Grup memperoleh consolidated financial statements from the
kendali sampai tanggal Grup tidak lagi date the Group ceases to control the
mengendalikan Entitas Anak tersebut. Subsidiary.
Seluruh saldo dan transaksi termasuk All significant balances and transactions,
keuntungan/kerugian yang belum direalisasi including unrealized gains/losses among BNI
antara BNI dan Entitas Anak yang signifikan and Subsidiaries are eliminated to reflect the
dieliminasi untuk mencerminkan posisi consolidated financial position and results of
keuangan dan hasil usaha konsolidasian BNI operations of BNI and its Subsidiaries as a
dan Entitas Anak sebagai satu kesatuan single entity.
usaha.
Laporan keuangan konsolidasian disusun The consolidated financial statements are

dengan menggunakan kebijakan akuntansi prepared using uniform accounting policies for
yang sama untuk peristiwa dan transaksi transactions and events in similar
sejenis dalam kondisi yang sama. Apabila circumstances. If the Subsidiaries’ financial
laporan keuangan Entitas Anak statements use accounting policies different
menggunakan kebijakan akuntansi yang from those adopted in the consolidated
berbeda dari kebijakan akuntansi yang financial statements, appropriate adjustments
digunakan dalam laporan keuangan are made to the Subsidiaries’ financial
konsolidasian, maka dilakukan penyesuaian statements.
yang diperlukan terhadap laporan keuangan
Entitas Anak tersebut.
Kepentingan nonpengendali disajikan di The non-controlling interest is presented in the

ekuitas dalam laporan posisi keuangan equity of the consolidated statement of
konsolidasian dan dinyatakan sebesar financial position and represents the non-
proporsi pemegang saham nonpengendali controlling stockholders’ proportionate share in
atas laba tahun berjalan dan ekuitas. Entitas the income for the year and equity of the
Anak tersebut sesuai dengan persentase Subsidiaries based on the percentage of
kepemilikan pemegang saham nonpengendali ownership of the non-controlling stockholders
pada Entitas Anak tersebut. in the Subsidiaries.
65
2020 Annual Report

e. Transaksi dalam mata uang asing dan e. Foreign currency transactions and
penjabaran translations
Transaksi dalam mata uang asing Transactions denominated in foreign

currencies
BNI dan Entitas Anak yang berdomisili di BNI and its Subsidiaries domiciled in
Indonesia menyelenggarakan pembukuannya Indonesia maintain their accounting records
dalam mata uang Rupiah, kecuali untuk BNI in Rupiah, except for BNI Remittance in
Remittance yang pembukuan akuntansinya which its accounting records are maintained
dilakukan dalam Dollar Amerika Serikat. inUnited States Dollar. Transactions during
Transaksi-transaksi dalam mata uang selain the year involving currencies other than
Rupiah yang terjadi di sepanjang tahun Rupiah are recorded at the rates of exchange
dicatat dengan nilai kurs yang berlaku pada prevailing at the time the transactions were
saat terjadinya transaksi yang bersangkutan. made.
Pada tanggal laporan posisi keuangan At consolidated statement of financial

konsolidasian, aset dan liabilitas moneter position date, all monetary assets and
dalam mata uang asing dijabarkan ke dalam liabilities denominated in foreign currencies
mata uang Rupiah dengan menggunakan are translated to Rupiah using the Reuters
kurs tengah Reuters pada pukul 16:00 WIB. middle rate at 16:00 Western Indonesian
Keuntungan atau kerugian yang timbul Time (WIB). The resulting gains or losses
sebagai akibat dari penjabaran aset dan from the translation of monetary assets and
liabilitas moneter dalam mata uang asing liabilities in foreign currencies are recognized
dicatat dalam laporan laba rugi konsolidasian in the consolidated statement of profit or loss
tahun berjalan. for the current year.
Penjabaran aset dan liabilitas dalam mata Translation of assets and liabilities
uang asing denominated in foreign currencies
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, the
2019, kurs mata uang asing yang digunakan foreign currency exchange rates used for
untuk penjabaran mata uang asing terhadap translation of foreign currencies to Rupiah are
Rupiah adalah sebagai berikut (dalam Rupiah as follows (amounts in full Rupiah):
penuh):
2020 2019
1 Pound Sterling Inggris 19,012 18,238 Great Britain Pound Sterling 1

1 Euro Eropa 17,234 15,571 European Euro 1
1 Dolar Amerika Serikat 14,050 13,883 United States Dollar 1
1 Dolar Singapura 10,606 10,315 Singapore Dollar 1
1 Dolar Australia 10,752 9,725 Australian Dollar 1
1 Dolar Hong Kong 1,812 1,783 Hong Kong Dollar 1
1 Yen Jepang 136 128 Japanese Yen 1
Penjabaran laporan keuangan sehubungan Translation of financial statements relating to

dengan konsolidasian laporan cabang BNI consolidation of BNI branches domiciled
yang berkedudukan di luar negeri outside of Indonesia
Cabang BNI yang berkedudukan di luar BNI’s branches domiciled outside of

negeri menyelenggarakan pembukuannya Indonesia maintain their accounting records
dalam mata uang negara tempat in their respective domestic currencies.
kedudukannya.
Untuk tujuan konsolidasian, laporan For consolidation purposes, the financial

keuangan cabang BNI tersebut dijabarkan ke statements of such branches domiciled
dalam mata uang Rupiah dengan cara outside of Indonesia are translated into
sebagai berikut: Rupiah as follows:
66
2020 Annual Report

e. Transaksi dalam mata uang asing dan e. Foreign currency transactions and
penjabaran (lanjutan) translations (continued)
• Saldo akun-akun aset, liabilitas, • Assets, liabilities, commitments and

komitmen dan kontinjensi dijabarkan contingencies accounts are translated
dengan menggunakan kurs spot Reuters using the Reuters spot rates at 16:00
jam 16:00 WIB pada tanggal laporan WIB at the consolidated statement of
posisi keuangan konsolidasian; financial position date;
• Saldo akun-akun laba rugi setiap • Revenues and expenses accounts are
bulannya dijabarkan dengan translated on a monthly basis using the
menggunakan kurs spot Reuters jam average month-end Reuters spot rate at
16:00 WIB rata-rata untuk bulan yang 16:00 WIB. The balances for the year
bersangkutan. Saldo untuk tahun represent the sum of those monthly
berjalan merupakan jumlah dari translations;
penjabaran bulanan tersebut;
• Akun ekuitas dijabarkan dengan • Equity accounts are recorded using the
menggunakan kurs historis; dan historical rates; and
• Selisih yang timbul sebagai akibat dari • Differences arising from translation are
penjabaran ini disajikan di laporan posisi presented in the consolidated statement
keuangan konsolidasian sebagai bagian of financial position balance as part of
dari ekuitas pada akun "Selisih Kurs equity under "Exchange Difference on
karena Penjabaran Laporan Keuangan Translation of Foreign Currency Financial
dalam Mata Uang Asing". Statements".
f. Giro pada bank lain dan Bank Indonesia f. Current accounts with other banks and
Bank Indonesia

Giro pada bank lain dan Bank Indonesia The current accounts with other banks and
diklasifikasikan sebagai biaya perolehan yang Bank Indonesia are classified as amortized
diamortisasi. Giro pada bank lain dan Bank cost. Current accounts with other banks and
Indonesia dinyatakan sebesar biaya Bank Indonesia are stated at amortized cost
perolehan diamortisasi menggunakan metode using the effective interest rate method less
suku bunga efektif dikurangi cadangan allowance for impairment losses.
kerugian penurunan nilai.
Lihat Catatan 2c untuk kebijakan akuntansi Refer to Note 2c for the accounting policies of
atas aset dan liabilitas keuangan. financial assets and liabilities.
Entitas Anak yang menjalankan kegiatan Subsidiary that engages in sharia banking
usaha dengan prinsip syariah, giro pada Bank presents current accounts with Bank
Indonesia dan bank lain dinyatakan sebesar Indonesia and other banks at their
saldo giro dikurangi dengan cadangan outstanding balance net of allowance for
Kebijakan akuntansi yang berlaku sebelum Applicable accounting policies before

Giro pada bank lain dan Bank Indonesia The current accounts with other banks and
diklasifikasikan sebagai pinjaman yang Bank Indonesia are classified as loans and
diberikan dan piutang. Giro pada bank lain receivables. Current accounts with other
dan Bank Indonesia dinyatakan sebesar banks and Bank Indonesia are stated at
biaya perolehan diamortisasi menggunakan amortized cost using the effective interest
metode suku bunga efektif dikurangi rate method less allowance for impairment
cadangan kerugian penurunan nilai. losses.
67
2020 Annual Report

f. Giro pada bank lain dan Bank Indonesia f. Current accounts with other banks and
(lanjutan) Bank Indonesia (continued)

Entitas Anak yang menjalankan kegiatan Subsidiary that engages in sharia banking
usaha dengan prinsip syariah, giro pada Bank presents current accounts with Bank
Indonesia dan bank lain dinyatakan sebesar Indonesia and other banks at their
saldo giro dikurangi dengan cadangan outstanding balance net of allowance for
g. Penempatan pada bank lain dan Bank g. Placements with other banks and Bank
Indonesia Indonesia

Penempatan pada bank lain dan Bank Placements with other banks and Bank
Indonesia terdiri dari Deposit Facility, Term Indonesia consist of Bank Indonesia Deposit
Deposit, Deposit Facility Syariah, call money Facility, Term Deposit, Sharia Deposit Facility,
dan deposito berjangka. call money and time deposits.
Indonesia diklasifikasikan sebagai biaya Indonesia are classified as amortized cost.
perolehan yang diamortisasi. Penempatan Placements with other banks are stated at
pada bank lain dinyatakan sebesar biaya amortized cost using the effective interest
perolehan diamortisasi menggunakan metode rate method less allowance for impairment
suku bunga efektif dikurangi cadangan losses.

Indonesia terdiri dari Deposit Facility, Term Indonesia consist of Bank Indonesia Deposit
Deposit, Deposit Facility Syariah, call money Facility, Term Deposit, Sharia Deposit Facility,
dan deposito berjangka. call money and time deposits.
Indonesia diklasifikasikan sebagai pinjaman Indonesia are classified as loans and
yang diberikan dan piutang. Penempatan pada receivables. Placements with other banks are
bank lain dinyatakan sebesar biaya perolehan stated at amortized cost using the effective
diamortisasi menggunakan metode suku interest rate method less allowance for
bunga efektif dikurangi cadangan kerugian impairment losses.
penurunan nilai.
68
2020 Annual Report

h. Efek-efek dan Obligasi Pemerintah h. Marketable securities and Government

Bonds

Efek-efek yang dimiliki terdiri dari Sertifikat Marketable securities consist of Certificates of
Bank Indonesia (SBI), Sertifikat Deposito Bank Bank Indonesia (SBI), Certificates Deposits of
Indonesia, unit penyertaan reksa dana, Bank Indonesia, mutual fund units, bonds,
obligasi, obligasi subordinasi dan instrumen subordinated bonds and other debt
utang lainnya yang diperdagangkan di pasar instruments traded in the money market and
uang dan pasar modal. stock exchanges.
Obligasi Pemerintah terdiri dari Obligasi Government Bonds consist of Government

Rekapitalisasi Pemerintah yang diterbitkan Recapitalization Bonds issued to BNI and
kepada BNI dan bank lainnya berkaitan other banks with respect to the recapitalization
dengan program rekapitalisasi Pemerintah dan program of the Government and other bonds
obligasi lainnya yang diterbitkan oleh issued by the Government of Indonesia and
Pemerintah Indonesia dan negara lainnya other countries, that are not related to the
yang tidak berkaitan dengan program recapitalization program, acquired through the
rekapitalisasi yang diperoleh melalui pasar primary and secondary markets.
perdana dan sekunder.
Pada saat pengakuan awal, efek-efek dan At initial recognition, the marketable securities
Obligasi Pemerintah dicatat sesuai dengan and Government Bonds are recorded
kategorinya yaitu aset keuangan according to their category, i.e., amortized
diklasifikasikan pada biaya perolehan yang cost, fair value through other comprehensive
diamortisasi, nilai wajar melalui penghasilan income or at fair value through profit or loss.
komprehensif lain atau nilai wajar melalui laba
rugi.
Surat Berharga Syariah adalah surat bukti Sharia Securities areproof of investment based
investasi berdasarkan prinsip syariah yang on sharia principles that are commonly traded
lazim diperdagangkan di pasar uang syariah in the sharia money market and/or sharia
dan/atau pasar modal syariah antara lain capital markets, including sharia bonds (sukuk)
obligasi syariah (sukuk) dan surat berharga and other securities followingsharia principles.
lainnya berdasarkan prinsip syariah.
Grup menentukan klasifikasi investasi pada The Group definesssss the classification of
surat berharga, khususnya sukuk, berdasarkan investment in marketable securities,
model usaha yang ditentukan berdasarkan specifically sukuk, based on busines model in
klasifikasi sesuai PSAK No. 110 (Revisi 2015) accordance with SFAS No. 110 (Revised
tentang “Akuntansi Sukuk" sebagai berikut: 2015) on "Accounting for Sukuk" as follows:
• Surat berharga diukur pada biaya • At cost securities are stated at cost
perolehan disajikan sebesar biaya (including transaction costs), adjusted by
perolehan (termasuk biaya transaksi) yang unamortized premium and/or discount.
disesuaikan dengan premi dan/atau Premium and discount are amortized over
diskonto yang belum diamortisasi. Premi the period until maturity.
dan diskonto diamortisasi selama periode
hingga jatuh tempo.
69
2020 Annual Report


(lanjutan) Bonds (continued)

• Surat berharga diukur pada nilai wajar • At fair value securities are stated at fair
melalui laba rugi, yang dinyatakan values through profit or loss. Unrealized
sebesar nilai wajar. Keuntungan atau gains or losses from the increase or
kerugian yang belum direalisasi akibat decrease in fair values are presented in
kenaikan atau penurunan nilai wajarnya current period profit or loss.
disajikan dalam laporan laba rugi periode
yang bersangkutan.
• Surat berharga yang diukur pada nilai • At fair value through other comprehensive
wajar melalui penghasilan komprehensif income securities are measured at fair
lainnya. Surat berharga disajikan sebesar value. Unrealized gains or losses from the
nilai wajar. Keuntungan atau kerugian increase or decrease in fair value are
yang belum direalisasi akibat kenaikan presented in other comprehensive
atau penurunan nilai wajarnya disajikan income. Premium and discount are
dalam penghasilan komprehensif lain. amortized over the period until maturity.
Premi dan diskonto diamortisasi selama
periode hingga jatuh tempo.
Penyisihan kerugian wajib diakui sesuai Allowance for possible losses are recognized
dengan pedoman dari Bank Indonesia dan in accordance with the guidelines of Bank
disajikan sebagai pengurang saldo investasi Indonesia and are stated as a deduction of
pada surat berharga. investments in marketable securities.

Efek-efek yang dimiliki terdiri dari Sertifikat Marketable securities consist of Certificates of
Bank Indonesia (SBI), Sertifikat Deposito Bank Bank Indonesia (SBI), Certificates Deposits of
Indonesia, unit penyertaan reksa dana, Bank Indonesia, mutual fund units, bonds,
obligasi, obligasi subordinasi dan instrumen subordinated bonds and other debt
utang lainnya yang diperdagangkan di pasar instruments traded in the money market and
uang dan pasar modal. stock exchanges.
Obligasi Pemerintah terdiri dari Obligasi Government Bonds consist of Government

Rekapitalisasi Pemerintah yang diterbitkan Recapitalization Bonds issued to BNI and
kepada BNI dan bank lainnya berkaitan other banks with respect to the recapitalization
dengan program rekapitalisasi Pemerintah dan program of the Government and other bonds
obligasi lainnya yang diterbitkan oleh issued by the Government of Indonesia and
Pemerintah Indonesia dan negara lainnya other countries, that are not related to the
yang tidak berkaitan dengan program recapitalization program, acquired through the
rekapitalisasi yang diperoleh melalui pasar primary and secondary markets.
perdana dan sekunder.
Pada saat pengakuan awal, efek-efek dan At initial recognition, the securities and
Obligasi Pemerintah dicatat sesuai dengan Government Bonds are recorded according to
kategorinya yaitu aset keuangan tersedia their category, i.e., available-for-sale financial
untuk dijual, aset keuangan dimiliki hingga assets, held-to-maturity financial assets or at
jatuh tempo atau nilai wajar melalui laporan fair value through profit or loss and initially
laba rugi serta disajikan sebesar nilai measured at fair value.
wajarnya.
70
2020 Annual Report


(lanjutan) Bonds (continued)

Surat Berharga Syariah adalah surat bukti Sharia Securities are proof of investment
investasi berdasarkan prinsip syariah yang based on sharia principles that are commonly
lazim diperdagangkan di pasar uang syariah traded in the sharia money market and/or
dan/atau pasar modal syariah antara lain sharia capital markets, including sharia bonds
obligasi syariah (sukuk) dan surat berharga (sukuk) and other securities following sharia
lainnya berdasarkan prinsip syariah. principles.
Grup menentukan klasifikasi investasi pada The Group defined the classification of
surat berharga, khususnya sukuk, berdasarkan Investment in marketable securities,
model usaha yang ditentukan berdasarkan specifically sukuk, based on busines model in
klasifikasi sesuai PSAK No. 110 (Revisi 2015) accordance with SFAS No. 110 (Revised
tentang “Akuntansi Sukuk" sebagai berikut: 2015) on "Accounting for Sukuk" as follows:
1) Surat berharga diukur pada biaya 1) At cost securities are stated at cost
perolehan disajikan sebesar biaya (including transaction costs), adjusted by
perolehan (termasuk biaya transaksi) yang unamortized premium and/or discount.
disesuaikan dengan premi dan/atau Premium and discount are amortized over
diskonto yang belum diamortisasi. Premi the period until maturity.
dan diskonto diamortisasi selama periode
hingga jatuh tempo.
2) Surat berharga diukur pada nilai wajar 2) At fair value securities are stated at fair
melalui laba rugi, yang dinyatakan values through profit or loss. Unrealized
sebesar nilai wajar. Keuntungan atau gains or losses from the increase or
kerugian yang belum direalisasi akibat decrease in fair values are presented in
kenaikan atau penurunan nilai wajarnya current period profit or loss.
disajikan dalam laporan laba rugi periode
yang bersangkutan.
3) Surat berharga yang diukur pada nilai 3) At fair value through other comprehensive
wajar melalui penghasilan komprehensif income securities are measured at fair
lainnya. Surat berharga disajikan sebesar value. Unrealized gains or losses from the
nilai wajar. Keuntungan atau kerugian increase or decrease in fair value are
yang belum direalisasi akibat kenaikan presented in other comprehensive income.
atau penurunan nilai wajarnya disajikan Premium and discount are amortized over
dalam penghasilan komprehensif lain. the period until maturity.
Premi dan diskonto diamortisasi selama
periode hingga jatuh tempo.
Penyisihan kerugian wajib diakui sesuai Allowance for possible losses are recognized
dengan pedoman dari Bank Indonesia dan in accordance with the guidelines of Bank
disajikan sebagai pengurang saldo investasi Indonesia and are stated as a deduction of
pada surat berharga. investments in marketable securities.
71
2020 Annual Report

i. Efek-efek yang dibeli/dijual dengan janji i. Securities purchased/sold under

dijual/dibeli kembali agreements to resell/repurchase

Efek-efek yang dibeli dengan janji untuk dijual Securities purchased under agreements to
kembali diklasifikasikan sebagai biaya resell are classified as amortized cost.
perolehan yang diamortisasi.
kembali disajikan sebagai aset dalam laporan resell are presented as assets in the
posisi keuangan konsolidasian sebesar jumlah consolidated statement of financial position,
penjualan kembali dikurangi dengan at the resale price net of unamortized interest
pendapatan bunga yang belum diamortisasi income and allowance for impairment losses.
dan cadangan kerugian penurunan nilai. The difference between the purchase price
Selisih antara harga beli dan harga jual and the resale price is treated as unearned
kembali diperlakukan sebagai pendapatan interest income, and recognized as income
bunga yang ditangguhkan, dan diakui sebagai over the period starting from when those
pendapatan selama periode sejak efek-efek securities are purchased until they are sold
tersebut dibeli hingga dijual menggunakan using effective interest rate method.
suku bunga efektif.
Efek-efek yang dijual dengan janji untuk dibeli Securities sold under agreements to
kembali diklasifikasikan sebagai liabilitas repurchase are classified as financial
keuangan yang diukur dengan biaya perolehan liabilities measured at amortized cost.
diamortisasi.
kembali disajikan sebagai liabilitas dalam repurchase are presented as liabilities in the
laporan posisi keuangan konsolidasian consolidated statement of financial position,
sebesar jumlah pembelian kembali, dikurangi at the repurchase price, net of unamortized
dengan bunga dibayar di muka yang belum prepaid interest. The difference between the
diamortisasi. Selisih antara harga jual dan selling price and the repurchase price is
harga beli kembali diperlakukan sebagai treated as prepaid interest and recognized as
bunga dibayar di muka dan diakui sebagai interest expense over the period starting
beban bunga selama jangka waktu sejak efek- from when those securities are sold until they
efek tersebut dijual hingga dibeli kembali are repurchased using effective interest rate
menggunakan metode suku bunga efektif. method.

kembali diklasifikasikan sebagai pinjaman resell are classified as loans and receivables.
yang diberikan dan piutang.
72
2020 Annual Report

i. Efek-efek yang dibeli/dijual dengan janji i. Securities purchased/sold under

dijual/dibeli kembali (lanjutan) agreements to resell/repurchase
(continued)

kembali disajikan sebagai aset dalam laporan resell are presented as assets in the
posisi keuangan konsolidasian sebesar jumlah consolidated statement of financial position,
penjualan kembali dikurangi dengan at the resale price net of unamortized interest
pendapatan bunga yang belum diamortisasi income and allowance for impairment losses.
dan cadangan kerugian penurunan nilai. The difference between the purchase price
Selisih antara harga beli dan harga jual and the resale price is treated as unearned
kembali diperlakukan sebagai pendapatan interest income, and recognized as income
bunga yang ditangguhkan, dan diakui sebagai over the period starting from when those
pendapatan selama periode sejak efek-efek securities are purchased until they are sold
tersebut dibeli hingga dijual menggunakan using effective interest rate method.
suku bunga efektif.
kembali diklasifikasikan sebagai liabilitas repurchase are classified as financial
keuangan yang diukur dengan biaya perolehan liabilities measured at amortized cost.
diamortisasi.
kembali disajikan sebagai liabilitas dalam repurchase are presented as liabilities in the
laporan posisi keuangan konsolidasian consolidated statement of financial position,
sebesar jumlah pembelian kembali, dikurangi at the repurchase price, net of unamortized
dengan bunga dibayar di muka yang belum prepaid interest. The difference between the
diamortisasi. Selisih antara harga jual dan selling price and the repurchase price is
harga beli kembali diperlakukan sebagai treated as prepaid interest and recognized as
bunga dibayar di muka dan diakui sebagai interest expense over the period starting
beban bunga selama jangka waktu sejak efek- from when those securities are sold until they
efek tersebut dijual hingga dibeli kembali are repurchased using effective interest rate
j. Wesel ekspor dan tagihan lainnya j. Bills and other receivables
Kebijakan akuntansi yang berlaku sejak 1 Applicable accounting policies as of
Januari 2020 January 1, 2020
Wesel ekspor dan tagihan lainnya terdiri atas Bills and other receivables consist of
tagihan dari Letters of Credit dan Surat Kredit receivables from Letters of Credit and
Berdokumen Dalam Negeri (SKBDN) kepada Domestic Documentary Letters of Credit to
eksportir. exporters.
Wesel ekspor dan tagihan lainnya dicatat pada Bills and other receivables are stated at
biaya perolehan diamortisasi setelah dikurangi amortized cost less allowance for impairment
Wesel ekspor dan tagihan lainnya Bills and other receivables are classified as
diklasifikasikan sebagai biaya perolehan yang amortized cost.
diamortisasi.
73
2020 Annual Report

j. Wesel ekspor dan tagihan lainnya (lanjutan) j. Bills and other receivables (continued)
Kebijakan akuntansi yang berlaku sebelum Applicable accounting policies as of

Wesel ekspor dan tagihan lainnya terdiri atas Bills and other receivables consist of
tagihan dari Letters of Credit dan Surat Kredit receivables from Letters of Credit and
Berdokumen Dalam Negeri (SKBDN) kepada Domestic Documentary Letters of Credit to
eksportir. exporters.
Wesel ekspor dan tagihan lainnya dicatat pada Bills and other receivables are stated at
biaya perolehan diamortisasi setelah dikurangi amortized cost less allowance for impairment
Wesel ekspor dan tagihan lainnya Bills and other receivables are classified as
diklasifikasikan sebagai pinjaman yang loans and receivables.
diberikan dan piutang.
k. Instrumen keuangan derivatif k. Derivative financial instruments
Dalam melakukan usaha bisnisnya, BNI In the normal course of its business, BNI
melakukan transaksi instrumen keuangan enters into transactions involving derivative
derivatif seperti kontrak berjangka mata uang financial instruments such as foreign currency
asing, swap mata uang asing, swap atas suku forward contracts, foreign currency swaps,
bunga, dan transaksi spot untuk mengelola interest rate swaps, and spot transactions to
eksposur pada risiko pasar seperti risiko mata manage exposures on market risks, such as
uang dan risiko tingkat suku bunga. currency risk and interest rate risks.
Instrumen keuangan derivatif diakui di laporan Derivatives financial instruments are

posisi keuangan konsolidasian pada nilai recognized in the consolidated statement of
wajar. Setiap kenaikan nilai wajar kontrak financial position at fair value. Each increase in
derivatif dicatat sebagai aset apabila memiliki fair value derivative contract is carried as asset
nilai wajar positif dan sebagai liabilitas apabila when the fair value is positive and as liability
memiliki nilai wajar negatif. when the fair value is negative
Tagihan dan liabilitas derivatif diklasifikasikan Derivatives receivable and payable are
sebagai aset dan liabilitas keuangan yang classified as financial assets and liabilities at
diukur pada nilai wajar melalui laporan laba fair value through profit or loss.
rugi.
Keuntungan atau kerugian yang terjadi dari Gains or losses resulting from fair value
perubahan nilai wajar diakui dalam laporan changes are recognized in the consolidated
laba rugi konsolidasian. statement of profit or loss.
Nilai wajar instrumen derivatif ditentukan The fair value of derivative instruments is
berdasarkan diskonto arus kas dan model determined based on discounted cash flows
penentu harga atau harga yang diberikan oleh and pricing models or quoted prices from
broker (quoted price) atas instrumen lainnya brokers of other instruments with similar
yang memiliki karakteristik serupa. characteristics.
Kontrak berjangka mata uang asing, swap Foreign currency forward contracts, foreign
mata uang asing dan cross currency swap dan currency swaps, and cross currency and
tingkat suku bunga swap dilakukan untuk interest rate swaps are for funding and trading
tujuan pendanaan dan perdagangan. purposes.
74
2020 Annual Report

l. Pinjaman yang diberikan l. Loans
Pinjaman yang diberikan Loans

Pinjaman yang diberikan adalah penyediaan Loans represent funds provided or receivables
uang atau tagihan yang dapat disetarakan that can be considered as equivalents there of,
dengan itu, berdasarkan persetujuan atau based on agreements or financing contracts
kesepakatan pinjam-meminjam dengan debitur with borrowers, where borrowers are required
yang mewajibkan debitur untuk melunasi utang to repay their debts with interest after a
dan bunganya setelah jangka waktu tertentu, specified period, and matured trade finance
dan tagihan yang berasal dari fasilitas trade facilities which have not been settled within 15
finance yang telah jatuh tempo yang belum days.
diselesaikan dalam waktu 15 hari.
Pinjaman yang diberikan diklasifikasikan Loans are classified as amortized cost.

sebagai biaya perolehan yang diamortisasi.
Pinjaman yang diberikan pada awalnya diukur Loans are initially measured at fair value plus
pada nilai wajar ditambah dengan biaya transaction costs that are directly attributable
transaksi yang dapat diatribusikan secara and additional costs to obtain financial assets,
langsung dan biaya tambahan untuk and after initial recognition are measured at
memperoleh aset keuangan tersebut, dan amortized cost based on the effective interest
setelah pengakuan awal diukur pada biaya rate method less allowance for impairment
perolehan diamortisasi menggunakan metode losses.
suku bunga efektif dikurangi dengan cadangan
Pinjaman sindikasi dan pinjaman penerusan Syndicated loans and two step loans are
dicatat sesuai dengan porsi pinjaman yang recorded according to the proportion of risks
risikonya ditanggung oleh Grup. borne by the Group.

Pinjaman yang diberikan adalah penyediaan Loans represent funds provided or receivables
uang atau tagihan yang dapat disetarakan that can be considered as equivalents there of,
dengan itu, berdasarkan persetujuan atau based on agreements or financing contracts
kesepakatan pinjam-meminjam dengan debitur with borrowers, where borrowers are required
yang mewajibkan debitur untuk melunasi utang to repay their debts with interest after a
dan bunganya setelah jangka waktu tertentu, specified period, and matured trade finance
dan tagihan yang berasal dari fasilitas trade facilities which have not been settled within 15
finance yang telah jatuh tempo yang belum days.
diselesaikan dalam waktu 15 hari.
Pinjaman yang diberikan diklasifikasikan Loans are classified as loans and receivables.
sebagai pinjaman yang diberikan dan piutang.
75
2020 Annual Report

l. Pinjaman yang diberikan (lanjutan) l. Loans (continued)

Pinjaman yang diberikan pada awalnya diukur Loans are initially measured at fair value plus
pada nilai wajar ditambah dengan biaya transaction costs that are directly attributable
transaksi yang dapat diatribusikan secara and additional costs to obtain financial assets,
langsung dan biaya tambahan untuk and after initial recognition are measured at
memperoleh aset keuangan tersebut, dan amortized cost based on the effective interest
setelah pengakuan awal diukur pada biaya rate method less allowance for impairment
perolehan diamortisasi menggunakan metode losses.
suku bunga efektif dikurangi dengan cadangan
Pinjaman sindikasi dan pinjaman penerusan Syndicated loans and two step loans are
dicatat sesuai dengan porsi pinjaman yang recorded according to the proportion of risks
risikonya ditanggung oleh Grup. borned by the Group.
Restrukturisasi kredit Loan restructuring
Restrukturisasi kredit meliputi modifikasi Loan restructuring may involve a modification

persyaratan kredit, konversi kredit menjadi of the terms of the loans, conversion of loans
saham atau instrumen keuangan lainnya into equity or other financial instruments
dan/atau kombinasi dari keduanya. and/or a combination of both.
Untuk restrukturisasi kredit bermasalah For non performing loan restructuring which
dengan cara konversi kredit yang diberikan involves a conversion of loans into equity or
menjadi saham atau instrumen keuangan other financial instruments, a loss on loan
lainnya, kerugian dari restrukturisasi kredit restructuring is recognized only if the fair
diakui hanya apabila nilai wajar penyertaan value of the equity investments or other
saham atau instrumen keuangan yang diterima financial instruments received, reduced by
dikurangi estimasi biaya untuk menjualnya, estimated costs to sell the equity or other
adalah kurang dari nilai tercatat kredit yang financial instruments, is less than the carrying
diberikan. value of the loan.
BNI menyusun ketentuan internal mengenai The Bank formed internal regulation
debitur yang berakhir masa restrukturisasinya regarding the debtors who ended their
yaitu debitur yang telah memenuhi kriteria restructuring period, namely debtors who had
sebagai berikut: met the following criteria:
1) Debitur mampu memenuhi syarat-syarat 1) The debtor is able to fulfill the conditions
sesuai Perjanjian Kredit Restrukturisasi under the Restructuring Credit
dengan mempertimbangkan kemampuan Agreement by considering the ability of
debitur untuk memenuhi penilaian propsek the debtor to fulfill the business
usaha, kinerja dan kemampuan performance assessment, performance
membayar; and ability to pay;
2) Kredit berada pada kualitas kredit lancar 2) Credit’s quality is in current (collectibility
(kolektibilitas 1) sesuai dengan ketentuan 1) in accordance with Bank Indonesia
Bank Indonesia dan regulations and
3) Debitur mampu membayar bunga di atas 3) Debtors are able to pay interest above a
tingkat bunga tertentu minimal 3 (tiga) certain interest rate of at least 3 (three)
bulan atau periode angsuran berturut- months or a period of successive
turut. installments.
76
2020 Annual Report


Pembiayaan berdasarkan prinsip syariah Sharia financing
Pembiayaan yang diberikan meliputi Loans include sharia financing, which

pembiayaan syariah yang terutama terdiri dari consists mainly of sharia receivables,
piutang syariah, pembiayaan Mudharabah dan Mudharabah financing and musyarakah
pembiayaan musyarakah. financing.
Piutang syariah adalah tagihan yang timbul Sharia receivables arise from transactions
dari transaksi berdasarkan akad-akad ijarah, based on ijarah, murabahah, and qardh
murabahah dan qardh. agreements.
Ijarah adalah sewa menyewa atas suatu Ijarah is a leasing arrangement of goods
barang dan/atau jasa antara pemilik objek and/or services between the owner of a leased
sewa termasuk kepemilikan hak pakai atas object (lessor) and lessee including the right to
objek sewa dengan penyewa untuk use the leased object, for the purpose of
mendapatkan imbalan atas objek sewa yang obtaining a return on the leased object. Ijarah
disewakan. Ijarah muntahiyah bittamlik adalah muntahiyah bittamlik is a leasing arrangement
sewa menyewa antara pemilik objek sewa dan between the lessor and lessee to obtain profit
penyewa untuk mendapatkan imbalan atas on the leased object being leased with an
obyek sewa yang disewakan dengan opsi option to transfer ownership of the leased
perpindahan hak milik objek sewa baik dengan object through purchase/sale or giving (hibah)
jual beli atau pemberian (hibah) pada saat at certain time according to the lease
tertentu sesuai akad sewa. agreement (akad).
Murabahah adalah transaksi penjualan barang Murabahah is sales transaction for goods that
dengan menyatakan harga perolehan dan provides the purchase price and margin
keuntungan (marjin) yang disepakati oleh agreed by both buyer and seller.
penjual dan pembeli.
Piutang murabahah pada awalnya diukur pada Murabahah receivables are initially measured
nilai bersih yang dapat direalisasi ditambah at net realizable value plus transaction costs
dengan biaya transaksi yang dapat that are directly attributable and additional
diatribusikan secara langsung dan biaya costs to obtain financial assets, and after initial
tambahan untuk memperoleh aset keuangan recognition are measured at amortized cost
tersebut, dan setelah pengakuan awal diukur based on effective rate of return method less
pada biaya perolehan diamortisasi allowance for impairment losses.
menggunakan metode tingkat imbal hasil
efektif dikurangi cadangan kerugian penurunan
nilai.
Pada setiap tanggal laporan posisi keuangan, At each statement of financial position date,
Entitas Anak (BNI Syariah) mengevaluasi the Subsidiary (BNI Syariah) assesses
apakah terdapat bukti obyektif bahwa piutang whether there is objective evidence that
murabahah yang tidak dicatat pada nilai wajar Murabahah receivables not carried at fair
melalui laba rugi telah mengalami penurunan value through profit or loss are impaired.
nilai. Piutang murabahah mengalami Murabahah receivables are impaired when
penurunan nilai jika bukti obyektif objective evidence demonstrates that loss
menunjukkan bahwa peristiwa yang merugikan event has occurred after the initial recognition,
telah terjadi setelah pengakuan awal, dan and the loss event has an impact on the future
peristiwa tersebut berdampak pada arus kas cash flows that can be estimated reliably.
masa datang yang dapat diestimasi secara
handal.
77
2020 Annual Report

Pembiayaan berdasarkan prinsip syariah Sharia financing (continued)

(lanjutan)
Kriteria yang digunakan oleh Entitas Anak The criteria used by the Subsidiary to
untuk menentukan bukti obyektif dari determine that there is objective evidence of
penurunan nilai adalah sebagai berikut: impairment include:
a) kesulitan keuangan signifikan yang dialami a) significant financial difficulty of the issuer
penerbit atau pihak peminjam; or obligor;
b) pelanggaran kontrak, seperti terjadinya b) a breach of contract, such as a default or
wanprestasi atau tunggakan pembayaran delinquency in principal or margin
pokok atau marjin; payments;
c) pihak pemberi pinjaman, dengan alasan c) the lender, for economic or legal reasons
ekonomi atau hukum sehubungan dengan relating to the borrower’s financial
kesulitan keuangan yang dialami pihak difficulty, grants the borrower a concession
peminjam, memberikan keringanan that the lender would not otherwise
(konsesi) pada pihak peminjam yang tidak consider;
mungkin diberikan jika pihak peminjam
tidak mengalami kesulitan tersebut;
d) terdapat kemungkinan bahwa pihak d) it becomes probable that the borrower will
peminjam akan dinyatakan pailit atau enter into bankruptcy or other financial
melakukan reorganisasi keuangan lainnya; reorganization;
e) hilangnya pasar aktif dari aset keuangan e) the disappearance of an active market for
akibat kesulitan keuangan; atau that financial asset because of financial
difficulties; or
f) data yang dapat diobservasi f) observable data indicating that there is a
mengindikasikan adanya penurunan yang measurable decrease in the estimated
dapat diukur atas estimasi arus kas masa future cash flows from a portfolio of
datang dari kelompok aset keuangan sejak financial assets since the initial recognition
pengakuan awal aset dimaksud, meskipun of those assets, although the decrease has
penurunannya belum dapat diidentifikasi not yet been identified individually in the
terhadap aset keuangan secara individual portfolio, including:
dalam kelompok aset tersebut, termasuk:
1) memburuknya status pembayaran pihak 1) adverse changes in the payment status

peminjam dalam kelompok tersebut; of borrowers in the portfolio; and
dan
2) kondisi ekonomi nasional atau lokal 2) national or local conditions that
yang berkorelasi dengan wanprestasi correlate with defaults on the assets in
atas aset dalam kelompok tersebut. the portfolio.
Estimasi periode antara terjadinya peristiwa The estimated period between the occurrence
dan teridentifikasinya kerugian ditentukan oleh of the event and identification of loss is
manajemen untuk setiap portofolio yang determined by management for each identified
diidentifikasi. Pada umumnya, periode tersebut portfolio. In general, the periods used vary
bervariasi antara 3 sampai 12 bulan, untuk between 3 months to 12 months; in
kasus tertentu diperlukan periode yang lebih exceptional cases, longer periods are
lama. warranted.
78
2020 Annual Report


(lanjutan)
Entitas Anak pertama kali menentukan apakah Subsidiary first assesses whether the
piutang murabahah jumlahnya signifikan Murabahah receivable is individually
secara individual. Apabila piutang murabahah significant. If the Murabahah receivable is
jumlahnya signifikan secara individual, maka considered individually significant, the
Entitas Anak akan menentukan apakah Subsidiary will determine that objective of
terdapat bukti obyektif penurunan nilai secara evidence of impairment exist or not. If the
individual atas piutang murabahah. Jika Subsidiary determines that no objective
Entitas Anak menentukan tidak terdapat bukti evidence of impairment exists for an
obyektif mengenai penurunan nilai atas individually assessed Murabahah receivables,
piutang murabahah yang dinilai secara whether significant or not, it includes the asset
individual, terlepas piutang murabahah in a group of Murabahah receivables with
tersebut signifikan atau tidak, maka Entias similar credit risk characteristics and
Anak memasukkan aset tersebut ke dalam collectively assesses them for impairment.
kelompok piutang murabahah yang memiliki Murabahah receivables that are individually
karakteristik risiko kredit yang serupa dan assessed for impairment and for which an
menilai penurunan nilai kelompok tersebut impairment loss is or continues to be
secara kolektif. Piutang murabahah yang recognized are not included in a collective
penurunan nilainya dilakukan secara assessment of impairment.
individual, dan untuk itu kerugian penurunan
nilai telah diakui atau tetap diakui, tidak
termasuk dalam penilaian penurunan nilai
secara kolektif.
Pinjaman qardh adalah pinjam meminjam Funds of qardh is borrowing funds without an
dana tanpa imbalan yang diperjanjikan dengan agreed commitment of benefits where the
kewajiban pihak peminjam mengembalikan borrower is obligated to repay the principal
pokok pinjaman secara sekaligus atau cicilan simultaneously or in installments in certain
dalam jangka waktu tertentu. Pinjaman qardh periods. Funds of qardh consists of wakalah
meliputi wakalah dan rahn. and rahn.
Wakalah merupakan akad pemindahan utang Wakalah is a transfer of debt from the indebted
piutang nasabah kepada Bank dan atas parties (customers) to the Bank and for this
transaksi ini bank mendapat ujrah (imbalan) transaction the bank obtained an ujrah (fee)
dan diakui pada saat diterima. and is recognized upon receipt.
Rahn merupakan transaksi menggadaikan Rahn is the mortgage of goods or assets from
barang atau harta dari nasabah kepada bank customers to the Bank, at which that
dimana nasabah meminjam uang dengan akad customers borrow money with qardh
qardh menjaminkan aset-harta untuk pinjaman agreement and pledged their asset as
tersebut. Bank memperoleh ujrah karena collateral for the borrowings. The Bank obtains
menanggung beban penyimpanan jaminan ujrah from bearing the collateral custody
dan risiko penyimpanan. expense and custody risk.
Pinjaman qardh diakui sebesar jumlah dana Funds of qardh is recognized at the amount
yang dipinjamkan pada saat terjadinya. lent at the transaction date. Any excess
Kelebihan penerimaan dari pinjaman atas amount paid by the borrower in repaying a
qardh yang dilunasi diakui sebagai qardh is recognized as revenue upon
pendapatan pada saat terjadinya. Pinjaman realization. Funds of qardh is stated at its
qardh disajikan sebesar saldonya dikurangi outstanding balance less allowance for
penyisihan kerugian. Entitas Anak menetapkan possible losses. The Subsidiary provides
penyisihan kerugian qardh berdasarkan allowance for possible losses on qardh based
penelaahan atas masing-masing saldo. on the review quality of the individual
outstanding balances.
79
2020 Annual Report


(lanjutan)
Pembiayaan Mudharabah adalah penanaman Mudharabah financing is investment of funds

dana dari pemilik dana (shahibul maal) kepada from the owner of funds (shahibul maal) to the
pengelola dana (mudharib) untuk melakukan fund manager (mudharib) to conduct certain
kegiatan usaha tertentu, dengan business activity, with profit sharing or net
menggunakan bagi laba (profit sharing) atau revenue sharing method between the two
metode bagi hasil usaha (gross profit margin) parties based on a mutually agreed
antara kedua belah pihak berdasarkan nisbah predetermined ratio. The Subsidiary uses
yang telah disepakati sebelumnya. Entitas profit sharing scheme based on gross profit
Anak mengenakan bagi hasil berdasarkan margin method.
metode bagi hasil usaha (gross profit margin).
Pembiayaan Mudharabah dinyatakan sebesar Mudharabah financing is stated at the

saldo pembiayaan dikurangi dengan outstanding balance, net of allowance for
penyisihan kerugian. Entitas Anak menetapkan possible losses. The Subsidiary provides
penyisihan kerugian sesuai dengan kualitas allowance for possible losses based on the
pembiayaan berdasarkan penelaahan atas financing quality as determined by a review of
masing-masing saldo pembiayaan. Apabila each account. In the event that a portion of the
sebagian pembiayaan Mudharabah hilang mudharabah financing is lost prior to the start
sebelum dimulainya usaha karena adanya of operations due to damage or any other
kerusakan atau sebab lainnya tanpa adanya reasons without negligence or error on the part
kelalaian atau kesalahan pihak pengelola of the fund manager, the loss shall be
dana, maka rugi tersebut mengurangi saldo deducted from mudharabah financing balance
pembiayaan Mudharabah dan diakui sebagai and shall be recognized as a loss by the Bank.
kerugian bank. Apabila sebagian pembiayaan If part of financing is lost after the
Mudharabah hilang setelah dimulainya usaha commencement of business without
tanpa adanya kelalaian atau kesalahan negligence or fault of the fund manager, such
pengelola dana, maka rugi tersebut loss is calculated during profit sharing. Loss on
diperhitungkan pada saat bagi hasil. Kerugian mudharabah financing due to negligence or
pembiayaan mudharabah akibat kelalaian atau error on the part of the fund manager is
kesalahan pengelola dana dibebankan pada charged to the fund manager and not
pengelola dana dan tidak mengurangi saldo deducted from the mudharabah financing
pembiayaan mudharabah. balance.
Pembiayaan musyarakah adalah akad Musyarakah financing is an agreement

kerjasama antara dua pihak atau lebih untuk between two or more parties for a particular
suatu usaha tertentu, dimana masing-masing business, in which each party contributes
pihak memberikan kontribusi dana dengan funds provided that the profits are divided
ketentuan bahwa keuntungan dibagi according to the agreement, while losses are
berdasarkan kesepakatan, sedangkan based on the portion of fund contributions. The
kerugian berdasarkan porsi kontribusi dana. fund consists of cash or non-cash assets
Dana tersebut meliputi kas atau aset non-kas allowed by sharia.
yang diperkenankan oleh syariah.
Pembiayaan musyarakah dinyatakan sebesar Musyarakah financing is stated at outstanding

saldo pembiayaan dikurangi dengan saldo balance, net of allowance for possible losses.
penyisihan kerugian. Entitas Anak menetapkan The Subsidiary provides allowance for
penyisihan kerugian sesuai dengan kualitas possible losses based on the financing quality
pembiayaan berdasarkan penelaahan atas as determined by a review of each account.
masing-masing saldo pembiayaan.
80
2020 Annual Report

m. Kontrak jaminan keuangan m. Financial guarantee contracts

Kontrak jaminan keuangan adalah kontrak Financial guarantee contracts are contracts
yang mengharuskan penerbit untuk melakukan that require the issuer to make specified
pembayaran yang ditetapkan untuk mengganti payments to reimburse the holder for a loss
uang pemegang kontrak atas kerugian yang incurred because a specified debtor defaulted
terjadi karena debitur tertentu gagal untuk to make payments when due, in accordance
melakukan pembayaran pada saat jatuh with the terms of a debt instrument. Such
tempo, sesuai dengan ketentuan dari financial guarantees are given to banks,
instrumen hutang. Jaminan keuangan tersebut financial institutions and other institutions on
diberikan kepada bank-bank, lembaga behalf of customers to secure loans and other
keuangan dan badan-badan lainnya atas banking facilities.
nama debitur untuk menjamin kredit dan
fasilitas-fasilitas perbankan lainnya.
Jaminan keuangan diakui awalnya sebesar Financial guarantees are initially recognized at
nilai wajar pada tanggal jaminan diberikan. fair value on the date the guarantee was given.
Nilai wajar dari jaminan keuangan pada saat The fair value of a financial guarantee at
dimulainya transaksi pada umumnya sama inception is likely to equal the premium
dengan provisi yang diterima untuk jaminan received because all guarantees are agreed
diberikan dengan syarat dan kondisi normal. on arm’s length terms. Subsequent to initial
Setelah pengakuan awal, liabilitas atas recognition, the Bank’s liabilities under such
jaminan tersebut diukur pada jumlah yang guarantees are measured at the higher of the
lebih tinggi antara jumlah awal, dikurangi initial amount, less amortization of fees
amortisasi provisi dan estimasi terbaik dari recognized, and the best estimate of the
jumlah yang diharapkan akan terjadi untuk amount required to settle the guarantee.
menyelesaikan jaminan tersebut. Estimasi ini These estimates are determined based on
ditentukan berdasarkan pengalaman transaksi experience of similar transactions and history
yang sejenis dan kerugian historis masa lalu, of past losses, supplemented by the
dilengkapi dengan penilaian manajemen. judgement of management. The fee income
Pendapatan provisi yang diperoleh earned is amortized over the period of
diamortisasi selama jangka waktu jaminan guarantees using the straight line method.
menggunakan metode garis lurus.
Setelah pengakuan awal kontrak, jaminan Subsequently they are measured at the higher
keuangan dicatat pada nilai yang lebih tinggi of amortized amount and the present value of
antara nilai wajar amortisasi dengan present any expected payment (when a payment
value atas pembayaran kewajiban yang under the guarantee has become probable).
diharapkan akan terjadi (ketika pembayaran
atas jaminan menjadi probable).
Cadangan kerugian penurunan nilai atas Allowances for impairment on financial

kontrak jaminan keuangan yang memiliki risiko guarantee contracts with credit risk are
kredit dihitung berdasarkan model kerugian calculated based on expected credit losses
ekspektasian. model.
81
2020 Annual Report

m. Kontrak jaminan keuangan (lanjutan) m. Financial guarantee contracts (continued)

Kontrak jaminan keuangan adalah kontrak Financial guarantee contracts are contracts
yang mengharuskan penerbit untuk melakukan that require the issuer to make specified
pembayaran yang ditetapkan untuk mengganti payments to reimburse the holder for a loss
uang pemegang kontrak atas kerugian yang incurred because a specified debtor defaulted
terjadi karena debitur tertentu gagal untuk to make payments when due, in accordance
melakukan pembayaran pada saat jatuh with the terms of a debt instrument. Such
tempo, sesuai dengan ketentuan dari financial guarantees are given to banks,
instrumen hutang. Jaminan keuangan tersebut financial institutions and other institutions on
diberikan kepada bank-bank, lembaga behalf of customers to secure loans and other
keuangan dan badan-badan lainnya atas banking facilities.
nama debitur untuk menjamin kredit dan
fasilitas-fasilitas perbankan lainnya.
Jaminan keuangan diakui awalnya sebesar Financial guarantees are initially recognized at
nilai wajar pada tanggal jaminan diberikan. fair value on the date the guarantee was given.
Nilai wajar dari jaminan keuangan pada saat The fair value of a financial guarantee at
dimulainya transaksi pada umumnya sama inception is likely to equal the premium
dengan provisi yang diterima untuk jaminan received because all guarantees are agreed
diberikan dengan syarat dan kondisi normal. on arm’s length terms. Subsequent to initial
Setelah pengakuan awal, liabilitas atas recognition, the bank’s liabilities under such
jaminan tersebut diukur pada jumlah yang guarantees are measured at the higher of the
lebih tinggi antara jumlah awal, dikurangi initial amount, less amortization of fees
amortisasi provisi dan estimasi terbaik dari recognized, and the best estimate of the
jumlah yang diharapkan akan terjadi untuk amount required to settle the guarantee.
menyelesaikan jaminan tersebut. Estimasi ini These estimates are determined based on
ditentukan berdasarkan pengalaman transaksi experience of similar transactions and history
yang sejenis dan kerugian historis masa lalu, of past losses, supplemented by the
dilengkapi dengan penilaian manajemen. judgement of management. The fee income
Pendapatan provisi yang diperoleh earned is amortized over the period of
diamortisasi selama jangka waktu jaminan guarantees using the straight line method.
menggunakan metode garis lurus.
Setelah pengakuan awal kontrak, jaminan Subsequently they are measured at the higher
keuangan dicatat pada nilai yang lebih tinggi of amortized amount and the present value of
antara nilai wajar amortisasi dengan present any expected payment (when a payment
value atas pembayaran kewajiban yang under the guarantee has become probable).
diharapkan akan terjadi (ketika pembayaran
atas jaminan menjadi probable).
Cadangan kerugian penurunan nilai atas Allowances for impairment on financial

kontrak jaminan keuangan yang memiliki risiko guarantee contracts with credit risk are
kredit dihitung berdasarkan kerugian historis. calculated based on historical experience.
n. Tagihan dan liabilitas akseptasi n. Acceptance receivables and payables
Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as

aset keungan dalam kelompok biaya financial assets measured at armotised cost.
perolehan diamortisasi. Liabilitas akseptasi Acceptance liabilities are classified financial
dikasifikasikan sebagai liabilitas keuangan liabilities measured at amortised cost.
yang diukur dengan biaya perolehan
diamortisasi.
82
2020 Annual Report

n. Tagihan dan liabilitas akseptasi (lanjutan) n. Acceptance receivables and payables

(continued)
Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as

pinjaman yang diberikan dan piutang. Liabilitas loans and receivables. Acceptance payables
akseptasi diklasifikasikan sebagai liabilitas are classified as other financial liabilities
keuangan yang diukur dengan biaya perolehan measured at amortised cost.
diamortisasi.
Tagihan dan liabilitas akseptasi dinyatakan Acceptance receivables and payables are
sebesar biaya perolehan diamortisasi. Tagihan stated at amortized cost. Acceptance
akseptasi disajikan setelah dikurangi receivables are stated net of allowance for
cadangan kerugian penurunan nilai. impairment losses.
o. Penyertaan saham o. Equity investments
Penyertaan saham merupakan penanaman Equity investments represent investments in

dana dalam bentuk saham pada perusahaan the form of shares of stock, in non-public
non-publik yang bergerak di bidang jasa companies engaged in financial services held
keuangan untuk tujuan jangka panjang. for long-term purposes.

Investasi dimana BNI mempunyai persentase Investments in which BNI has an ownership
kepemilikan 20% sampai dengan 50% atau di interest of 20% to 50% or in associated
perusahan asosiasi dimana Bank mempunyai company in which the Bank has significant
pengaruh signifikan dicatat dengan metode influence are recorded based on the equity
ekuitas. Dengan metode ekuitas, investasi method. Under equity method, investments are
dicatat sebesar biaya perolehan dan stated at cost and adjusted for BNI’s share in
disesuaikan dengan bagian BNI atas laba atau net income or losses of the associated
rugi neto perusahaan asosiasi sesuai dengan companies based on its percentage of
jumlah persentase kepemilikan dan dikurangi ownership and reduced by dividends received
dengan penerimaan dividen sejak tanggal since the date of acquisition.
perolehan..
Investasi dengan persentase kepemilikan di Investments with an ownership interest below

bawah 20% dan tidak memiliki pengaruh 20% and have no significant influence
signifikan yang diklasifikasikan sebagai aset classified as financial asset which held for sale
keuangan yang dimiliki untuk dijual dicatat is measured at fair value through profit or loss.
pada nilai wajar melalui laba rugi.
Investments with an ownership interest below
Investasi dengan persentase kepemilikan di 20% and have no significant influence
bawah 20% dan tidak memiliki pengaruh classified as financial asset which are not held
signifikan yang diklasifikasikan sebagai aset for sale are measured at fair value through
keuangan yang dimiliki tidak untuk dijual other comprehensive income.
dicatat pada nilai wajar melalui penghasilan
komprehensif lain.
83
2020 Annual Report

o. Penyertaan saham (lanjutan) o. Equity investments (continued)
Penyertaan sementara pada perusahaan Temporary investments in debtor companies

debitur timbul akibat konversi pinjaman yang arise from conversion of loans to
diberikan menjadi saham. Pada saat shares/equity. At initial recognition, shares
pengakuan awal, saham yang diterima diakui received were recognized at fair value.
dengan nilai wajar. Selanjutnya, saham Subsequently, the shares were recognized
tersebut dinilai dengan menggunakan metode using equity method if BNI has significant
ekuitas apabila BNI memiliki pengaruh influence over the investees or classified as
signifikan terhadap investees dan financial asset if BNI does not have significant
diklasifikasikan sebagai aset keuangan apabila influence over the investees.
BNI tidak memiliki pengaruh signifikan
terhadap investees.
Penyertaan sementara dihapusbuku dari Temporary investment is written-off from the

laporan posisi keuangan konsolidasian apabila consolidated statement of financial position if it
telah melampaui jangka waktu 5 tahun sesuai is held for more than 5 years in accordance
dengan Peraturan Otoritas Jasa Keuangan with Financial Services Authority Regulation
No. 40/POJK.03/2019 tanggal 19 Desember No. 40/POJK.03/2019 dated
2019 tentang “Penilaian Kualitas Aset Bank 19 December 2019 on “Asset Quality Ratings
Umum” yang berlaku sejak 1 Januari 2020. for Commercial Banks” which was effective on
Sebelumnya, Grup mengikuti Peraturan Bank 1 January 2020. Previously, the Group follows
Indonesia No. 14/15/PBI/2012 tanggal Bank Indonesia Regulation
24 Oktober 2012 tentang “Penilaian Kualitas No. 14/15/PBI/2012 dated 24 October 2012
Aset Bank Umum” dan Surat Edaran Bank regarding “Asset Quality Rating for
Indonesia (SEBI) No. 15/28/DPNP tanggal Commercial Banks” and Circular Letter of
31 Juli 2013 tentang Penilaian Kualitas Aset Bank Indonesia No.15/28/DPNP dated 31 July
Bank Umum. 2013 regarding Asset Quality Ratings for
Commercial Banks.

Investasi dalam saham yang diklasifikasikan Investments in shares classified as available

sebagai aset keuangan tersedia untuk dijual for sale financial asset is carried at cost after
dicatat sebesar biaya perolehan setelah it’s initial recognition as it consists of unquoted
pengakuan awalnya karena terdiri dari efek equity securities whose fair value cannot be
ekuitas tanpa harga kuotasi yang nilai reliably measured, except for certain
wajarnya tidak dapat diukur secara andal, investment in shares that has a quoted price
kecuali untuk investasi dalam saham tertentu which are accounted for at fair value after
yang memiliki harga kuotasi dicatat sebesar initial recognition.
nilai wajar setelah pengakuan awalnya.
Penyertaan saham dengan metode biaya Equity investments at cost method which
terdiri dari efek ekuitas tanpa harga kuotasi consist of unquoted equity shares whose fair
yang nilai wajarnya tidak dapat diukur secara value cannot be reliably measured, are
handal, diklasifikasikan sebagai investasi classified as available-for-sale investments
tersedia untuk dijual dan diukur dengan and are carried at cost less impairment.
menggunakan biaya perolehan dikurangi
dengan penurunan nilai.
84
2020 Annual Report

o. Penyertaan saham (lanjutan) o. Equity investments (continued)

Investasi dimana BNI mempunyai persentase Investments in which BNI has an ownership
kepemilikan 20% sampai dengan 50% atau di interest of 20% to 50% or in associated
perusahan asosiasi dimana Bank mempunyai company in which the Bank has significant
pengaruh signifikan dicatat dengan metode influence are recorded based on the equity
ekuitas. Dengan metode ekuitas, investasi method. Under equity method, investments are
dicatat sebesar biaya perolehan dan stated at cost and adjusted for BNI’s share in
disesuaikan dengan bagian BNI atas laba atau net income or losses of the associated
rugi neto perusahaan asosiasi sesuai dengan companies based on its percentage of
jumlah persentase kepemilikan dan dikurangi ownership and reduced by dividends received
dengan penerimaan dividen sejak tanggal since the date of acquisition.
perolehan.
Investasi dengan persentase kepemilikan di Investments with an ownership interest below

bawah 20% dan tidak memiliki pengaruh yang 20% and have no significant influence are
signifikan dicatat dengan metode biaya carried at cost reduced by an allowance for
dikurangi dengan cadangan kerugian impairment losses. Loss of impairment is
penurunan nilai. Kerugian penurunan nilai recognized if there is a permanent decline in
diakui apabila terdapat penurunan permanen investments.
atas investasi.
Penyertaan sementara pada perusahaan Temporary investments in debtor companies

debitur timbul akibat konversi pinjaman yang arise from conversion of loans to
diberikan menjadi saham. Pada saat shares/equity. At initial recognition, shares
pengakuan awal, saham yang diterima diakui received were recognized at fair value.
dengan nilai wajar. Selanjutnya, saham Subsequently, the shares were recognized
tersebut dinilai dengan menggunakan metode using equity method if BNI has significant
ekuitas apabila BNI memiliki pengaruh influence over the investees or classified as
signifikan terhadap investees dan financial asset if BNI does not have significant
diklasifikasikan sebagai aset keuangan apabila influence over the investees.
BNI tidak memiliki pengaruh signifikan
terhadap investees.
Penyertaan sementara dihapusbuku dari Temporary investment is written-off from the

laporan posisi keuangan konsolidasian apabila consolidated statement of financial position if it
telah melampaui jangka waktu 5 tahun sesuai is held for more than 5 years in accordance
dengan Peraturan Otoritas Jasa Keuangan with Financial Services Authority Regulation
No. 40/POJK.03/2019 tanggal 19 Desember No. 40/POJK.03/2019 dated
2019 tentang “Penilaian Kualitas Aset Bank 19 December 2019 on “Asset Quality Ratings
Umum” yang berlaku sejak 1 Januari 2020. for Commercial Banks” which effective on
Sebelumnya, Grup mengikuti Peraturan Bank 1 January 2020. Previously, the Group follows
Indonesia No. 14/15/PBI/2012 tanggal Bank Indonesia Regulation
24 Oktober 2012 tentang “Penilaian Kualitas No. 14/15/PBI/2012 dated 24 October 2012
Aset Bank Umum” dan Surat Edaran Bank regarding “Asset Quality Rating for
Indonesia (SEBI) No. 15/28/DPNP tanggal Commercial Banks” and Circular Letter of
31 Juli 2013 tentang Penilaian Kualitas Aset Bank Indonesia No.15/28/DPNP dated 31 July
Bank Umum. 2013 regarding Asset Quality Ratings for
Commercial Banks.
85
2020 Annual Report

p. Aset tetap, aset hak guna dan liabilitas p. Fixed assets, right-of-use assets and lease
sewa liabilities
Aset tetap Fixed assets
Grup menerapkan kebijakan akuntansi model Group applies revaluation model as

revaluasi untuk aset tetap berupa tanah dan accounting policy for land and buildings. For
bangunan. Untuk aset tetap selain tanah dan fixed assets other than land and buildings, it
bangunan menggunakan model biaya. applies cost model.
Tanah dan bangunan disajikan sebesar nilai Land and buildings are shown at fair value,
wajar, dikurangi akumulasi penyusutan untuk less subsequent depreciation for buildings.
bangunan. Penilaian terhadap tanah dan Valuation of land and buildings are performed
bangunan dilakukan oleh penilai independen by external independent valuers with certain
eksternal yang telah memiliki sertifikasi. qualification. Valuations are performed with
Penilaian atas aset tersebut dilakukan secara sufficient regularity to ensure that the fair value
berkala untuk memastikan bahwa nilai wajar of a revalued asset does not differ materially
aset yang direvaluasi tidak berbeda secara from its carrying amount. Any accumulated
material dengan nilai tercatatnya. Akumulasi depreciation at the date of revaluation is
penyusutan pada tanggal revaluasi dieliminasi eliminated against the gross carrying amount
terhadap nilai tercatat bruto aset, dan nilai of the asset, and the net amount is restated to
netonya disajikan kembali sebesar nilai the revalued amount of the asset.
revaluasian aset tetap.
Penilaian terhadap tanah dan bangunan Appraisal of the land and buildings is carried
dilakukan oleh penilai independen eksternal out by a certified external independent
yang memiliki sertifikasi. Penilaian atas aset appraiser. Assessment of these assets are
tersebut dilakukan secara berkala untuk conducted regularly to ensure that the fair
memastikan bahwa nilai wajar aset yang value of the revaluated asset is not materially
direvaluasi tidak berbeda secara material different from it’s carrying value.
dengan nilai tercatatnya.
Jika nilai wajar dari aset yang direvaluasi If the fair value of the revalued asset change
mengalami perubahan yang signifikan dan significantly, it is necessary to revaluate on an
fluktuatif, maka perlu direvaluasi secara annual basis, whereas if the fair value of the
tahunan, sedangkan jika nilai wajar dari aset revaluated asset does not change significantly,
yang direvaluasi tidak mengalami perubahan it is necessary to revaluate at a minimum
yang signifikan dan fluktuatif, maka perlu every 3 years.
dilakukan revaluasi paling kurang 3 tahun
sekali.
Kenaikan nilai tercatat yang timbul dari Increases in the carrying amount arising on
revaluasi tanah dan bangunan dicatat sebagai revaluation of land and building is recorded in
“Cadangan Revaluasi Aset” dan disajikan “Asset Revaluation Reserve” and presented as
sebagai “Penghasilan Komprehensif Lain”. “Other Comprehensive Income”. Decreases in
Penurunan nilai tercatat yang timbul dari carrying amount as the result of revaluation is
revaluasi dicatat sebagai beban pada tahun recorded as expense in the current year. If the
berjalan. Apabila aset tersebut memiliki saldo asset has a balance on its “Gain on
“Keuntungan Revaluasi Aset Tetap” yang Revaluation of Fixed Assets”, loss from
disajikan sebagai “Penghasilan Komprehensif revaluation of fixed asset is charged to “Gain
Lain”, maka selisih penurunan nilai tercatat on Revaluation of Fixed Assets” which is
tersebut dibebankan terhadap “Keuntungan presented as “Other Comprehensive Income”
Revaluasi Aset Tetap” dan sisanya diakui and the rest of the amount is charged to
sebagai beban tahun berjalan. current year’s expenses.
86
2020 Annual Report

sewa (lanjutan) liabilities (continued)
Aset tetap selain tanah dan bangunan Fixed assets besides land and buildings are
disajikan sebesar harga perolehan dikurangi stated at historical cost less accumulated
dengan akumulasi penyusutan. depreciation.
Biaya perolehan termasuk biaya penggantian Cost includes the replacement cost of a part of
bagian aset tetap saat biaya tersebut terjadi, the fixed assets when the expenditure meets
jika memenuhi kriteria pengakuan. the criteria for recognition.
Semua biaya pemeliharaan dan perbaikan All maintenance and repair costs which do not
yang tidak memenuhi kriteria untuk fulfill the capitalization criteria, are recognized
dikapitalisasi diakui dalam laporan laba rugi in profit or loss upon occurrence. At each
pada saat terjadinya. Pada setiap akhir tahun financial year end, the assets’ residual values,
buku, nilai residu, umur manfaat, dan metode useful lives and methods of depreciation are
penyusutan ditelaah kembali dan jika sesuai reviewed, and adjusted prospectively as
dengan keadaan, disesuaikan secara appropriate.
prospektif.
Semua aset tetap kecuali tanah, disusutkan All fixed assets, except land, are depreciated
berdasarkan metode garis lurus selama using the straight-line method over their
estimasi masa manfaat aset tersebut sebagai expected useful lives as follows:
berikut:
Tarif Penyusutan/
Depreciation Rate Tahun/Years
Bangunan 6.67% 15 Buildings

Perlengkapan kantor dan Office equipment
kendaraan bermotor 20.00% 5 and motor vehicles
Perlengkapan kantor terdiri dari perabotan dan Office equipment consists of furniture and
perlengkapan, instalasi, Anjungan Tunai fixtures, installation, Automatic Teller
Mandiri (ATM), perangkat lunak dan perangkat Machines (ATM), computer software and
keras komputer, peralatan komunikasi dan hardware, communication and other office
peralatan kantor lainnya. equipment.
Semua biaya yang terjadi sehubungan dengan All costs incurred in connection with the
perolehan hak atas tanah, diakui sebagai acquisition of land right are recognized as the
biaya perolehan hak atas tanah. Biaya acquisition cost of land right. The legal cost
pengurusan legal hak atas tanah ketika tanah incurred when the land was first acquired is
diperoleh pertama kali diakui sebagai bagian recognized as part of the acquisition cost of
dari biaya perolehan aset tanah. Biaya land right. Extension or renewal of the
pengurusan perpanjangan atau pembaruan maintenance cost of legal rights over land is
legal hak atas tanah diakui sebagai aset tak recognized as an intangible asset and
berwujud dan diamortisasi sepanjang umur amortized over the life of legal rights or
hukum hak atau umur ekonomis tanah, mana economic life of the land, whichever is shorter.
yang lebih pendek.
Hak atas tanah tidak disusutkan kecuali Land right is not depreciated unless there is
terdapat bukti sebaliknya yang contrary evidence indicating that the extension
mengindikasikan bahwa perpanjangan atau or renewal of land right is likely or definitely not
pembaruan hak atas tanah kemungkinan obtainable.
besar atau pasti tidak diperoleh.
87
2020 Annual Report

Apabila nilai tercatat aset lebih besar dari nilai When the carrying amount of an asset is
yang dapat diperoleh kembali, nilai tercatat greater than its estimated recoverable amount,
aset diturunkan menjadi sebesar nilai yang it is written down to its recoverable amount,
dapat diperoleh kembali, yang ditentukan which is determined as the higher of the net
sebagai nilai tertinggi antara harga jual neto selling price or value in use.
dan nilai yang dipakai.
Apabila aset tetap tidak digunakan lagi atau When fixed assets are retired or disposed of,
dijual, maka nilai perolehan dan akumulasi their costs and the related accumulated
penyusutannya dihapuskan dari akun tersebut. depreciation are derecognized from the
Keuntungan atau kerugian yang terjadi diakui accounts. Any resulting gain or loss is
dalam laporan laba rugi. recognized in profit or loss.
Akumulasi biaya konstruksi aset tetap The accumulated costs of construction of fixed
dikapitalisasi dan dicatat sebagai “Aset dalam assets are capitalized and recognized as
Penyelesaian”. Biaya tersebut direklasifikasi ke “Construction in progress”. These costs are
akun aset tetap yang terkait pada saat proses reclassified to the related fixed asset account
konstruksi atau pemasangan telah selesai. when the construction or installation is
completed.
Aset hak guna dan liabilitas sewa Right-of-use assets and lease liabilities
Grup telah menerapkan PSAK No. 73 “Sewa” The Group has applied SFAS No. 73 “Lease”
sejak tanggal 1 Januari 2020. since 1 January, 2020.
PSAK No. 73 menerapkan persyaratan baru SFAS No. 73 introduces new or amended
atau amandemen sehubungan dengan requirements with respect to lease accounting.
akuntansi sewa. Standar ini memperkenalkan This standard introduces significant changes
perubahan signifikan untuk akuntansi lessee to lessee accounting by removing the
dengan menghapus perbedaan antara sewa distinction between operating and finance
operasi dan pembiayaan, serta mensyaratkan lease, and requiring the recognition of a right-
pengakuan aset hak guna dan pengakuan of-use asset and a lease liability at
liabilitas sewa pada saat dimulainya sewa commencement for all leases, except for:
untuk seluruh sewa, kecuali:
• sewa dengan jangka waktu kurang atau • Leases with a term of less or equal to 12
sama dengan 12 bulan dan tidak terdapat months and there is no call option;
opsi beli;
• sewa atas aset dengan nilai rendah. • Leases of low value assets.
Berbeda dengan akuntansi lessee, In contrast to lessee accounting, the

persyaratan untuk akuntansi lessor sebagian requirements for lessor accounting have
besar tidak berubah. Dampak dari adopsi remained largely unchanged. The impact of
PSAK No. 73 pada laporan keuangan the adoption of SFAS No. 73 on the
konsolidasian dijelaskan di bawah ini. consolidated financial statements is described
below.
Tanggal penerapan awal PSAK No. 73 untuk The date of initial application of SFAS No. 73
Grup adalah 1 Januari 2020. Grup telah for the Group is 1 January 2020. The Group
menerapkan PSAK No. 73 menggunakan has applied SFAS No. 73 using the modified
pendekatan retrospektif yang dimodifikasi retrospective approach by recognizing the
dengan mengakui dampak kumulatif dari awal cumulative impact of the initial application of
penerapan PSAK No. 73. Dengan demikian, SFAS No. 73. Therefore, the comparative
informasi komparatif yang disajikan untuk information presented for 2019 has not been
tahun 2019 tidak disajikan kembali restated as previously reported, under SFAS
sebagaimana dilaporkan sebelumnya, pada No. 30 and the related interpretations.
PSAK No. 30 dan interpretasi terkait.
88
2020 Annual Report

Aset hak guna dan liabilitas sewa (lanjutan) Right-of-use assets and lease liabilities
(continued)
a. Dampak definisi baru dari sewa a. Impact of the new definition of a lease
Perubahan utama dari definisi sewa The major change in definition of a lease
berkaitan dengan konsep pengendalian. mainly relates to the concept of control.
PSAK No. 73 menentukan apakah kontrak SFAS No. 73 determines whether a
mengandung sewa atas dasar jika contract contains a lease on the basis of
terdapat aset identifikasian dan lessee whether identified asset and lessee has
memiliki hak untuk mengendalikan the right to control the use of an asset for
penggunaan aset selama suatu jangka a period of time in exchange for
waktu tertentu untuk dipertukarkan consideration. This is in contrast to the
dengan imbalan. Hal tersebut merupakan focus on 'risks and rewards' in SFAS No.
perbedaan penentuan kontrak merupakan, 30.
atau mengandung sewa berdasarkan
PSAK No. 30 yaitu dengan konsep risiko
dan manfaat.
b. Dampak pada akuntansi lessee b. Impact on lessee accounting
Grup menerapkan pendekatan pengakuan The Group applies a single recognition

dan pengukuran tunggal untuk seluruh and measurement approach to all leases,
sewa, kecuali untuk sewa jangka pendek except for short-term leases and low-
dan sewa aset bernilai rendah. Grup value asset leases. The Group recognized
mengakui liabilitas sewa untuk melakukan a lease liabilities to make lease payments
pembayaran sewa dan aset hak guna yang and right-of-use assets that represent the
mewakili hak untuk menggunakan aset right to use the underlying asset.
pendasar.
Grup mengakui liabilitas sewa sebesar jumlah The Group recognized lease liabilities at the
pembayaran sewa yang masih harus dibayar amount of lease payments accrued to the end
hingga akhir masa sewa yang didiskontokan of the lease term which were discounted using
dengan menggunakan suku bunga pinjaman the incremental borrowing rate. While, the
inkremental. Sedangkan aset hak guna right-of-use assets includes the amount of
mencakup jumlah liabilitas sewa yang diakui, lease liabilities recognized, initial direct costs
biaya langsung awal yang dibayarkan, biaya paid, restoration costs and lease payments on
pemulihan dan pembayaran sewa yang or before the start date of the lease, less lease
dilakukan pada atau sebelum tanggal mulai incentives received. Right-of-use are
sewa, dikurangi insentif sewa yang diterima. depreciated using the straight-line method
Aset hak guna disusutkan dengan metode over the shorter period between the lease term
garis lurus selama jangka waktu yang lebih and the estimated useful life of the asset.
pendek antara masa sewa dengan estimasi
masa manfaat aset.
Jika kepemilikan aset sewa dialihkan ke Grup If the ownership of lease asset is transferred to
pada akhir masa sewa atau pembayaran sewa the Group at the end of the lease term or the
mencerminkan pelaksanaan opsi pembelian, lease payments reflect the exercise of the
penyusutan dihitung menggunakan estimasi purchase option, depreciation is calculated
masa manfaat ekonomis aset. Aset hak guna using the estimated useful life of the assets.
diuji penurunan nilainya sesuai dengan PSAK Right-of-use assets are tested for impairment
No. 48, “Penurunan Nilai Aset”. in accordance with SFAS No. 48, “Impairment
of Assets”.
89
2020 Annual Report

(continued)
Pada tanggal dimulainya sewa, Grup On the initial of lease date, the Group
mengakui liabilitas sewa yang diukur pada nilai recognized lease liabilities which were
kini dari pembayaran sewa masa depan yang measured at the present value of future lease
akan dibayarkan selama masa sewa. payments that will be paid over the lease term.
Pembayaran sewa termasuk pembayaran Lease payments include fixed payments
tetap (termasuk pembayaran tetap secara- (including substantially fixed payments), less
substansi) dikurangi piutang insentif sewa, lease incentive receivables, variable lease
pembayaran sewa variabel yang bergantung payments that depends on index or interest
pada indeks atau suku bunga, dan jumlah rate, and the expected amount to be paid in a
yang diharapkan akan dibayar dalam jaminan residual value guarantee. Lease payments
nilai residu. Pembayaran sewa juga termasuk also include the reasonable exercise price for
harga eksekusi opsi pembelian yang wajar jika the purchase option if it is determined to be
dipastikan akan dilakukan oleh Grup dan made by the Group and the payment of a
pembayaran penalti untuk mengakhiri sewa, penalty to terminate the lease, if the lease term
jika jangka waktu sewa mencerminkan Grup reflects the Group exercising the lease
mengeksekusi opsi penghentian sewa. termination option. Variable lease payments
Pembayaran sewa variabel yang tidak that are not dependent on an index or interest
bergantung pada indeks atau suku bunga rate are recognized as an expense in the
diakui sebagai beban pada periode di mana period in which the event or condition that
peristiwa atau kondisi yang memicu triggers the payment occurs.
pembayaran terjadi.
Dalam menghitung nilai kini dari pembayaran In calculating the present value of lease
sewa, Grup menggunakan suku bunga payments, the Group uses the lessee
pinjaman inkremental penyewa pada tanggal incremental borrowing rate at the inception
dimulainya sewa karena suku bunga implisit date of the lease since the interest rate implicit
dalam sewa tidak dapat ditentukan. Setelah in the lease cannot be determined. After the
tanggal dimulainya sewa, jumlah liabilitas sewa inception date of the lease, the amount of the
ditingkatkan untuk mencerminkan lease liability is increased to reflect the interest
pertambahan bunga dan dikurangi increase and less lease payments made.
pembayaran sewa yang dilakukan. Selain itu, Furthermore, the lease liabilities carrying
jumlah tercatat liabilitas sewa diukur kembali amount is remeasured if there are
jika terdapat modifikasi, perubahan jangka modifications, changes in term of the lease,
waktu sewa, perubahan pembayaran sewa, lease payments, or the valuation of the option
atau perubahan dalam penilaian opsi untuk to purchase the underlying asset.
membeli aset pendasar.
Sewa jangka pendek (dengan jangka waktu Short-term leases (with term of less or equal to
kurang atau sama dengan 12 bulan) dan sewa 12 months) and leases of low-value assets,
aset bernilai rendah, serta elemen-elemen and elements of those leases, partially or
sewa tersebut, sebagian atau seluruhnya tidak entirely not applying the recognition principles
menerapkan prinsip-prinsip pengakuan yang stipulated by SFAS No. 73 will be treated the
ditentukan oleh PSAK No. 73 akan same as operating leases in SFAS No. 30.
diperlakukan sama dengan sewa operasi pada The Group will recognized these lease
PSAK No. 30. Grup akan mengakui payments on a straight-line basis during the
pembayaran sewa tersebut dengan dasar lease period in the consolidated statement of
garis lurus selama masa sewa dalam laporan profit or loss and other comprehensive income.
laba rugi dan penghasilan komprehensif lain This expense is recorded under general and
konsolidasian. Beban ini dicatat pada beban administrative expenses in profit or loss.
umum dan administrasi dalam laporan laba
rugi.
90
2020 Annual Report

(continued)
Penerapan pencatatan PSAK No. 73 berlaku The recording of implementation of SFAS No.
untuk seluruh sewa (kecuali sebagaimana 73 is applied for all leases (except as stated
yang disebutkan sebelumnya), yaitu sebagai earlier), as follows:
berikut:
a. Menyajikan aset hak-guna sebagai bagian a. Presents right-of-use assets as part of
dari aset tetap dan liabilitas sewa disajikan fixed assets and lease liabilities presented
sebagai bagian dari liabilitas lain-lain as part of other liabilities in the
dalam laporan posisi keuangan consolidated statement of financial
konsolidasian, yang diukur pada nilai kini position which are measured at the
dari pembayaran sewa masa depan; present value of the future lease
payments;
b. Mencatat penyusutan aset hak-guna dan b. Records depreciation of right-of-use
bunga atas liabilitas sewa dalam laporan assets and interest on lease liabilities in
laba rugi dan penghasilan komprehensif the consolidated statement of profit or
konsolidasian; dan loss and other comprehensive income;
and
c. Memisahkan jumlah total pembayaran ke c. Separates the total amount of cash paid
bagian pokok (disajikan dalam kegiatan within operating activities) in the
pendanaan) dan bunga (disajikan dalam consolidated statement of cash flows.
kegiatan operasional) dalam laporan
aruskas konsolidasian.
Kebijakan sewa sebelum tanggal 1 Januari Leases policy before 1 January 2020
2020
Berdasarkan PSAK No. 30 (Revisi 2011) Under SFAS No. 30 (Revised 2011) regarding
tentang “Sewa”, Penentuan apakah suatu “Lease”, the determination of whether an
perjanjian merupakan, atau mengandung, agreement is, or contains a lease is based on
sewa didasarkan atas substansi dari perjanjian the substance of the agreement at the
tersebut pada penetapan awal. Perjanjian inception date. Those agreements are
tersebut ditelaah apakah pemenuhannya assessed whether the fulfilment of the
bergantung pada penggunaan suatu aset atau arrangement is dependent on the use of a
aset-aset tertentu secara spesifik atau specific asset or assets or an agreement to
perjanjian mengalihkan hak untuk transfer the right to use the asset or assets,
menggunakan aset atau aset-aset, walaupun even though the right is not explicitly stated in
hak tersebut tidak dijabarkan secara eksplisit the agreement.
dalam perjanjian.
Suatu sewa diklasifikasikan sebagai sewa A lease is classified as finance leases if it
pembiayaan jika sewa tersebut mengalihkan transfers substantially all the risks and rewards
secara substansial seluruh risiko dan manfaat of the ownership of lease assets. Such leases
yang terkait dengan kepemilikan aset sewaan. are capitalized at the fair value of the leased
Sewa tersebut dikapitalisasi sebesar nilai wajar assets or, the present value of the minimum
aset sewaan atau, sebesar nilai kini dari lease payments if the present value is lower
pembayaran sewa minimum jika nilai kini lebih than fair value. Lease payment is apportioned
rendah dari nilai wajar. Pembayaran sewa between the finance charge and the reduction
dipisahkan antara bagian yang merupakan of the outstanding liability, such as to produce
beban keuangan dan bagian yang merupakan a constant periodic interest rate on the
pelunasan liabilitas sewa, sedemikian rupa lialibilities balance. Finance charges are
sehingga menghasilkan suatu tingkat suku charged directly to current year’s profit or loss.
bunga periodik yang konstan atas saldo
liabilitas. Beban keuangan dibebankan
langsung ke laba rugi tahun berjalan.
91
2020 Annual Report

Kebijakan sewa sebelum tanggal 1 Januari Leases policy before 1 January 2020
2020
Jika terdapat kepastian yang memadai bahwa If there is certainty that lessee will obtain
lessee akan mendapatkan hak kepemilikan ownership by the end of the lease term,
pada akhir masa sewa, aset sewa pembiayaan finance lease assets are depreciated over the
disusutkan selama estimasi umur manfaat aset estimated useful life of the assets. If there is
tersebut. Jika tidak terdapat kepastian yang no uncertainty that lessee will obtain
memadai bahwa lessee akan mendapatkan ownership by the end of the lease term, so
hak kepemilikan pada akhir masa sewa, maka finance lease will be depreciated over the
aset sewa pembiayaan disusutkan selama shorter of the estimated useful life of the
periode yang lebih pendek antara umur assets and the lease term.
manfaat aset sewa pembiayaan dan periode
masa sewa.
q. Agunan yang diambil alih q. Foreclosed collaterals
Agunan yang diambil alih disajikan dalam akun Foreclosed collaterals are included in the
“Aset Lain-lain”. “Other Assets” account.
Agunan yang diambil alih (AYDA) adalah aset Foreclosed collaterals represent assets
yang diperoleh BNI dan entitas anak, baik acquired by BNI and Subsidiaries, both from
melalui pelelangan maupun diluar pelelangan auction and non auction based on voluntary
berdasarkan penyerahan secara sukarela oleh transfer by the debtor or based on debtor’s
pemilik agunan atau berdasarkan kuasa untuk approval to sell the collateral where the debtor
menjual diluar lelang dari pemilik agunan could not fulfill their obligations to BNI and
dalam hal debitur tidak memenuhi liabilitasnya Subsidiaries. Foreclosed collaterals represent
kepada BNI dan entitas anak. AYDA loan collateral that were taken over as part of
merupakan jaminan kredit yang diberikan yang loans settlement and presented in “Other
telah diambil alih sebagai bagian dari Assets”.
penyelesaian kredit yang diberikan dan
disajikan pada “Aset lain-lain”.
Agunan yang diambil alih diakui sebesar nilai Foreclosed collaterals are stated at net
neto yang dapat direalisasi atau sebesar nilai realizable value or stated at loan outstanding
outstanding kredit yang diberikan, mana yang amount, whichever is lower. Net realizable
lebih rendah. Nilai neto yang dapat direalisasi value is the fair value of the foreclosed
adalah nilai wajar agunan yang diambil alih collaterals less the estimated costs to sell the
dikurangi dengan estimasi biaya untuk menjual assets. The excess of loan receivable over the
agunan tersebut. Selisih lebih saldo kredit di net realizable value of the foreclosed collateral
atas nilai neto yang dapat direalisasi dari is charged to allowance for impairment losses.
agunan yang diambil alih dibebankan ke dalam The difference between the recorded amount
akun cadangan kerugian penurunan nilai aset. of the foreclosed collateral and the proceeds
Selisih antara nilai agunan yang diambil alih from the sale of such collateral is recorded as
dengan hasil penjualan diakui sebagai a gain or loss at the time of sale.
keuntungan atau kerugian pada saat
penjualan.
Beban-beban yang berkaitan dengan Maintenance and repair costs related to

pemeliharaan agunan yang diambil alih foreclosed collaterals are charged as an
dibebankan dalam laporan laba rugi pada saat expense in profit or loss when incurred.
terjadinya.
92
2020 Annual Report

q. Agunan yang diambil alih (lanjutan) q. Foreclosed collaterals (continued)
Bila terjadi penurunan nilai yang bersifat If there is permanent decline in value, the
permanen, maka nilai tercatatnya dikurangi carrying amount of foreclosed collaterals is
untuk mengakui penurunan tersebut dan written down to recognize such permanent
kerugiannya dibebankan dalam laporan laba decline in value and any such write-down is
rugi. recognized in profit or loss.
r. Liabilitas segera r. Obligations due immediately
Liabilitas segera dicatat pada saat liabilitas Obligations due immediately are recorded at
kepada masyarakat maupun kepada bank lain the time obligations to public customers or
timbul. other banks arise.
Akun ini diklasifikasikan sebagai liabilitas This account is classified as other financial
keuangan lain dan dihitung berdasarkan biaya liabilities and is measured at amortized cost.
perolehan diamortisasi.
s. Simpanan Nasabah s. Deposits from customers
Tabungan merupakan simpanan nasabah di Savings account represent deposits of

BNI dan Entitas Anak yang bergerak di bidang customers in BNI and a Subsidiary engaged in
perbankan yang penarikannya hanya dapat banking that may only be withdrawn over the
dilakukan melalui counter dan Anjungan Tunai counter and via ATMs or funds transfers by
Mandiri (ATM) atau dengan cara SMS Banking, Phone Banking and Internet
pemindahbukuan melalui SMS Banking, Banking when certain agreed conditions are
Phone Banking dan Internet Banking jika met, but which may not be withdrawn by
memenuhi persyaratan yang disepakati, tetapi cheque or other equivalent instruments.
penarikan tidak dapat dilaksanakan dengan
menggunakan cek atau instrumen setara
lainnya.
Deposito berjangka merupakan simpanan Time deposits represent customer’s deposits

nasabah di BNI dan Entitas Anak yang in BNI and a Subsidiary engaged in banking
bergerak di bidang perbankan yang that may be withdrawn at a certain time based
penarikannya hanya dapat dilakukan pada on the agreement between the depositor and
waktu tertentu sesuai dengan perjanjian antara BNI and a Subsidiary engaged in banking.
nasabah dengan BNI dan Entitas Anak yang
bergerak di bidang perbankan.
Termasuk di dalam simpanan adalah Deposits include sharia deposits consist of

simpanan syariah yang terdiri dari giro wadiah. wadiah deposit. Wadiah deposit is a wadiah
Giro wadiah merupakan giro wadiah yad adh- yad adh-dhamanah deposits in which the
dhamanah yakni titipan dana pihak lain dimana depositor is entitled to receive bonus income
pemilik dana mendapatkan bonus berdasarkan based on the policy of BNI Syariah. Wadiah
kebijakan BNI Syariah. Giro wadiah dicatat demand deposits are stated at the amount
sebesar nilai titipan pemegang giro wadiah. payable to customers.
Simpanan nasabah diklasifikasikan sebagai Deposits from customers are classified as

liabilitas keuangan lain yang diukur dengan other financial liabilities which are measured at
biaya perolehan diamortisasi menggunakan amortized cost using effective interest rate
metode suku bunga efektif kecuali simpanan method except sharia deposits which is stated
syariah yang dinyatakan sebesar nilai liabilitas at the amount payable by BNI Syariah to
BNI Syariah kepada nasabah. Biaya tambahan customers. Incremental costs directly
yang dapat diatribusikan secara langsung attributable to the acquisition of deposits from
dengan perolehan simpanan nasabah customers are deducted from the amount of
dikurangkan dari jumlah simpanan yang deposits.
diterima.
93
2020 Annual Report

s. Simpanan Nasabah (lanjutan) s. Deposits from customers (continued)
t. Simpanan dari bank lain t. Deposits from other banks
Simpanan dari bank lain terdiri dari liabilitas Deposits from other banks represent liabilities
terhadap bank lain baik lokal maupun luar to local and overseas banks, in the form of
negeri, dalam bentuk giro, inter-bank call current accounts, inter-bank call money with
money dengan periode jatuh tempo menurut original maturities of 90 days or less, time
perjanjian kurang dari atau 90 hari, deposito deposits and certificates of deposits.
berjangka, dan sertifikat deposito.
Di dalam simpanan dari bank lain termasuk Deposits from other banks include sharia
simpanan syariah dalam bentuk giro wadiah deposits in the form of wadiah demand
dan tabungan wadiah. deposits and wadiah saving deposits.
Simpanan dari bank lain diklasifikasikan Deposits from other banks are classified as
sebagai liabilitas keuangan lain yang diukur other financial liabilities which are measured at
dengan biaya perolehan diamortisasi dengan amortized cost using effective interest rate
menggunakan metode suku bunga efektif method except sharia deposits which is stated
kecuali simpanan syariah yang dinyatakan at the amounts payable by BNI Syariah to the
sebesar nilai liabilitas BNI Syariah kepada customers. Incremental costs directly
nasabah. Biaya tambahan yang dapat attributable to the acquisition of deposits from
diatribusikan secara langsung dengan other banks are deducted from the amount of
perolehan simpanan dari bank lain deposits.
dikurangkan dari jumlah simpanan yang
diterima.
u. Efek-efek yang diterbitkan u. Securities issued
Efek-efek yang diterbitkan terdiri dari obligasi Securities issued consist of bonds issued by
yang diterbitkan oleh Grup. the Group.
Efek-efek yang diterbitkan diklasifikasikan Securities issued are classified as other

sebagai liabilitas keuangan lain yang diukur financial liabilities which are measured at
dengan biaya perolehan diamortisasi. Biaya amortized cost. Incremental costs directly
tambahan yang dapat diatribusikan secara attributable to the issuance of marketable
langsung dengan penerbitan efek dikurangkan securities are deducted from the amount of
dari jumlah efek-efek yang diterbitkan. securities issued.
Obligasi yang diterbitkan dicatat sebesar nilai Bonds issued are presented at nominal value
nominal dikurangi saldo diskonto yang belum net of unamortized discount. Costs incurred
diamortisasi. Biaya-biaya yang terjadi related to the bond issuance are presented as
sehubungan dengan penerbitan obligasi deduction from the proceeds of bonds issued
dicatat sebagai pengurang hasil emisi dan and amortized over the term of the bonds
diamortisasi selama jangka waktu obligasi using the effective interest rate method.
dengan menggunakan metode suku bunga
efektif.
94
2020 Annual Report

v. Pinjaman yang diterima v. Borrowings
Pinjaman diterima merupakan dana yang Borrowings are funds received from other
diterima dari bank lain, Bank Indonesia atau bank, Bank Indonesia or other parties with
pihak lain dengan liabilitas pembayaran payment obligation based on borrowings
kembali sesuai dengan persyaratan perjanjian agreement.
pinjaman.
Pinjaman diterima diakui sebesar nilai wajar Borrowings are initially recognized at fair value
pada awalnya dan selanjutnya diukur sebesar and subsequently measured at amortized cost
biaya perolehan diamortisasi dengan using the effective interest rate method.
menggunakan metode suku bunga efektif. Amortized cost is calculated by taking into
Biaya perolehan diamortisasi dihitung dengan account any discount or premium related to
memperhitungkan adanya diskonto atau premi the initial recognition of borrowings and
terkait dengan pengakuan awal pinjaman transaction costs are an integral part of the
diterima dan biaya transaksi merupakan effective interest rate method.
bagian tidak terpisahkan dari metode suku
bunga efektif.
w. Dana syirkah temporer w. Temporary syirkah funds
Dana syirkah temporer merupakan investasi Temporary syirkah funds represent

dengan akad mudharabah mutlaqah, yaitu investments from other parties conducted on
pemilik dana (shahibul maal) memberikan the basis mudharabah mutlaqah contract in
kebebasan kepada pengelola dana which the owners of the funds (shahibul maal)
(mudharib/BNI Syariah) dalam pengelolaan grant freedom to the fund manager
investasinya dengan keuntungan dibagikan (mudharib/BNI Syariah) in the management of
sesuai kesepakatan. Dana syirkah temporer their investments with profit distributed based
terdiri dari giro mudharabah, tabungan on the contract. Temporary syirkah funds
mudharabah, deposito mudharabah dan sukuk consist of mudharabah current accounts,
mudharabah yang diterbitkan. mudharabah saving deposits, mudharabah
time deposits and mudharabah sukuk issued.
Giro dan tabungan mudharabah merupakan Mudharabah current accounts and saving
investasi yang bisa ditarik kapan saja (on call) deposits represent investment which could be
atau sesuai dengan persyaratan tertentu yang withdrawn anytime (on call) or can be
disepakati. Giro dan tabungan mudharabah withdrawn based on certain agreed terms.
dinyatakan sebesar saldo tabungan nasabah Mudharabah current accounts and savings
di bank. deposits are stated based on the customer’s
savings deposit balance in bank.
Deposito mudharabah merupakan investasi Mudharabah time deposits represent

yang hanya bisa ditarik pada waktu tertentu investment that can only be withdrawn at a
sesuai dengan perjanjian antara pemegang certain time based on the agreement between
deposito mudharabah dengan Bank. Deposito the customer and the Bank. Mudharabah time
mudharabah dinyatakan sebesar nilai nominal deposits are stated at nominal amount as
sesuai dengan perjanjian antara pemegang agreed between the deposit holder and the
deposito dengan bank. bank.
95
2020 Annual Report

w. Dana syirkah temporer (lanjutan) w. Temporary syirkah funds (continued)
Sukuk mudharabah yang diterbitkan Mudharabah sukuk issued is a sukuk using the
merupakan sukuk yang menggunakan akad contract of mudharabah. Sukuk mudharabah is
mudharabah. Sukuk mudharabah diakui pada recognized when the entity becomes party of
saat entitas menjadi pihak yang terikat dengan issuance contract mudharabah sukuk. Sukuk
ketentuan penerbitan sukuk mudharabah. mudharabah is recognized at nominal value.
Sukuk mudharabah diakui sebesar nilai Transaction costs are recognized separately
nominal. Biaya transaksi diakui secara terpisah from the sukuk mudharabah. Transaction
dari sukuk mudharabah. Biaya transaksi untuk costs for the issuance of sukuk mudharabah
penerbitan sukuk mudharabah disajikan dalam are presented in assets as deferred expenses
aset sebagai biaya yang ditangguhkan dan and amortized over the term of sukuk using
diamortisasi sepanjang jangka waktu sukuk straight-line method. Sukuk issuance and
menggunakan garis lurus. Penerbitan sukuk trading of sukuk are based on the principles of
dan perdagangan sukuk berdasarkan akad sharia, including any underlying
syariah, termasuk adanya aset/aktivitas yang assets/activities. The holders of mudharabah
mendasari. Pemilik sertifikat sukuk sukuk certificate receive profit sharing.
mudharabah mendapatkan bagi hasil.
Dana syirkah temporer tidak dapat Temporary syirkah fund cannot be classified
digolongkan sebagai kewajiban. Hal ini karena as liability. This was because BNI Syariah
BNI Syariah tidak berkewajiban untuk does not have any liability to return the initial
mengembalikan jumlah dana awal dari pemilik fund to the owners, except for losses due to
dana kecuali akibat kelalaian atau wanprestasi BNI Syariah management’s negligence or
ketika mengalami kerugian. Di sisi lain dana when default of loss is incurred. On the other
syirkah temporer tidak dapat digolongkan hand, temporary syirkah fund cannot be
sebagai ekuitas karena mempunyai waktu classified as shareholders’ equity, because of
jatuh tempo dan pemilik dana tidak the maturity period and the depositors do not
mempunyai hak kepemilikan yang sama have the same rights as the shareholders’
dengan pemegang saham seperti hak voting such as voting rights and the rights of realised
dan hak atas realisasi keuntungan yang gain from current assets and other non-
berasal dari aset lancar dan aset non-investasi investment accounts.
(current and other non-investment accounts).
Pemilik dana syirkah temporer mendapatkan The owner of temporary syirkah funds receives
imbalan bagi hasil sesuai dengan nisbah yang a return from the profit sharing based on a
ditetapkan. predetermined ratio.
Hak nasabah atas bagi hasil dana syirkah Third parties’ share on returns of temporary
temporer merupakan bagian bagi hasil milik syirkah funds represents customer’s share on
nasabah yang didasarkan pada prinsip the bank’s income derived from the
mudharabah atas hasil pengelolaan dana management of their funds by the bank under
mereka oleh bank. Pendapatan yang mudharabah principles. Income that will be
dibagikan adalah yang telah diterima (cash distributed is the cash received (cash basis)
basis). from the share.
Pembagian hasil usaha dilakukan berdasarkan The distribution of revenue is based on profit
prinsip bagi hasil usaha yaitu dari pendapatan sharing scheme on the bank’s gross profit
bank yang diterima berupa laba kotor (gross margin.
profit margin).
96
2020 Annual Report

w. Dana syirkah temporer (lanjutan) w. Temporary syirkah funds (continued)
Pendapatan marjin dan bagi hasil atas Margin income and profit sharing on financing
pembiayaan yang diberikan dan atas aset facilities and other earning assets are
produktif lainnya akan dibagikan kepada distributed to fund owners and the Bank based
nasabah penyimpan dana dan bank sesuai on proportion of fund used in the financing and
dengan proporsi dana yang dipakai dalam other earning assets. Margin income and profit
pembiayaan yang diberikan dan aset produktif sharing income allocated to the fund owners
lainnya. Selanjutnya, pendapatan marjin dan are then distributed to fund owners and
bagi hasil yang tersedia untuk nasabah depositors as shahibul maal and the bank as
tersebut kemudian dibagihasilkan ke nasabah mudharib based on a predetermined ratio
penabung dan deposan sebagai shahibul maal (nisbah). Margin income and profit sharing from
dan bank sebagai mudharib sesuai porsi financing facilities and other earning assets
nisbah bagi hasil yang telah disepakati using the bank's funds, are entirely shared for
bersama sebelumnya. Pendapatan marjin dan the bank, including income from the Bank's fee-
bagi hasil dari pembiayaan dan aset produktif based transactions.
lainnya yang memakai dana bank, seluruhnya
menjadi milik bank, termasuk pendapatan dari
investasi Bank berbasis imbalan.
x. Pendapatan bunga dan pendapatan x. Interest income and sharia income, interest
syariah, beban bunga dan beban syariah expense and sharia expense
Pendapatan dan beban bunga untuk semua Interest income and expense for all interest-
instrumen keuangan yang dikenakan suku bearing financial instruments are recognized in
bunga diakui pada laporan laba rugi dengan profit or loss using the effective interest rate
Suku bunga efektif adalah suku bunga yang The effective interest rate is the rate that
secara tepat mendiskontokan estimasi exactly discounts the estimated future cash
pembayaran atau penerimaan kas di masa payments or receipts through the expected life
datang selama perkiraan umur dari aset of the financial assets and financial liabilities
keuangan atau liabilitas keuangan (atau, jika (or, where appropriate, a shorter period) to the
lebih tepat, digunakan periode yang lebih carrying amount of the financial asset or
singkat) untuk memperoleh nilai tercatat neto financial liability. When calculating the effective
dari instrumen keuangan atau liabilitas interest rate, the Group estimates future cash
keuangan. Pada saat menghitung suku bunga flows considering all contractual terms of the
efektif, Grup mengestimasi arus kas di masa financial instrument but not future credit
datang dengan mempertimbangkan seluruh losses. This calculation includes all
persyaratan kontraktual dalam instrumen commissions, fees, and other forms received
keuangan tersebut, tetapi tidak by the parties in the contract are an integral
mempertimbangkan kerugian kredit di masa part of the effective interest rate, transaction
mendatang. Perhitungan ini mencakup seluruh costs, and all other premiums or discounts.
komisi, provisi, dan bentuk lain diterima oleh
para pihak dalam kontrak yang merupakan
bagian tidak terpisahkan dari suku bunga
efektif, biaya transaksi, dan seluruh premi atau
diskon lainnya.
Kredit yang pembayaran angsuran pokok atau Loans for which the principal or interest has
bunganya telah lewat 90 hari atau lebih been past due for 90 days or more, or where
setelah jatuh tempo, atau kredit yang reasonable doubt exists as to its timely
pembayarannya secara tepat waktu diragukan, collection, are generally classified as impaired
secara umum diklasifikasikan sebagai kredit loans.
yang mengalami penurunan nilai (impairment).
97
2020 Annual Report

x. Pendapatan bunga dan pendapatan x. Interest income and sharia income, interest
syariah, beban bunga dan beban syariah expense and sharia expense (continued)
(lanjutan)
Jika aset keuangan atau kelompok aset If a financial asset or group of similar financial
keuangan serupa telah diturunkan nilainya assets’ value has diminished as a result of
sebagai akibat kerugian penurunan nilai, maka impairment losses, interest income
pendapatan bunga yang diperoleh setelahnya subsequently obtained is recognized based on
diakui berdasarkan suku bunga efektif yang the effective interest rate used to discount
digunakan untuk mendiskonto arus kas masa future cash flows in calculating impairment
datang dalam menghitung kerugian penurunan losses.
nilai.
Pendapatan dan beban bunga termasuk Interest income and expense include sharia
pendapatan dan beban syariah. Pendapatan income and expense. Sharia income
syariah terdiri dari marjin murabahah, represents profit from murabahah margin,
pendapatan ijarah (sewa), bagi hasil lease income from ijarah, profit sharing from
pembiayaan mudharabah dan musyarakah mudharabah and musyarakah financing and
serta pendapatan qardh. Beban syariah terdiri income from qardh. Sharia expenses consist
dari beban bagi hasil mudharabah dan beban of mudharabah profit sharing expenses and
bonus wadiah. wadiah bonus expenses.
Marjin murabahah dan pendapatan ijarah Murabahah margin and ijarah income are
diakui selama periode akad berdasarkan recognized over the period of the agreement
konsep akrual. Pendapatan bagi hasil based on accrual basis. Mudharabah and
pembiayaan mudharabah dan musyarakah musyarakah income is recognized when cash
diakui pada saat diterima atau dalam periode is received or in a period where the right of
terjadinya hak bagi hasil sesuai porsi bagi hasil revenue sharing is due based on agreed
(nisbah) yang disepakati. Pendapatan dari portion (nisbah). Qardh income is recognized
transaksi qardh diakui pada saat diterima. upon receipt.
Beban syariah merupakan bagi hasil untuk Sharia expense represents revenue sharing
dana pihak ketiga dengan menggunakan for third party fund using the revenue sharing
prinsip bagi hasil berdasarkan porsi bagi hasil principle based on pre-determined nisbah in
(nisbah) yang telah disepakati sebelumnya accordance with mudharabah mutlaqah
yang didasarkan pada prinsip mudharabah principle.
mutlaqah.
y. Pendapatan provisi dan komisi y. Fees and commission income
Pendapatan provisi dan komisi yang berkaitan Fees and commissions directly related to
langsung dengan kegiatan pinjaman, atau lending activities, or fee and commission
pendapatan provisi dan komisi yang income which relates to a specific period, is
berhubungan dengan jangka waktu tertentu, amortized over the term of contract using the
diamortisasi sesuai dengan jangka waktu effective interest rate method and classified as
kontrak menggunakan metode suku bunga part of interest income in profit or loss.
efektif dan diklasifikasikan sebagai bagian dari
pendapatan bunga pada laporan laba rugi.
Pendapatan provisi dan komisi yang tidak Fees and commissions income which are not
berkaitan dengan kegiatan pemberian kredit related to lending activities or a specific period
atau suatu jangka waktu diakui sebagai are recognized as revenues on the transaction
pendapatan pada saat terjadinya transaksi date as other operating income.
sebagai pendapatan operasional lainnya.
98
2020 Annual Report

z. Kontrak asuransi z. Insurance contract
Kontrak asuransi adalah kontrak yang Insurance contract is contract issued by

diterbitkan oleh perusahaan asuransi dimana insurance company which accepts significant
pada saat penerbitan polis perusahaan insurance risk from policyholder upon the
asuransi menerima risiko asuransi yang issuance of the policy.
signifikan dari pemegang polis.
Risiko asuransi yang signifikan adalah Significant insurance risk is the possibility of
kemungkinan untuk membayar manfaat secara paying significantly more benefit to the
signifikan kepada pemegang polis apabila policyholder upon the occurrence of insured
suatu kejadian yang diasuransikan terjadi event compared to the minimum benefit
dibandingkan dengan manfaat minimum yang payable in a scenario where the insured event
akan dibayarkan apabila risiko yang does not occur. Scenarios considered are
diasuransikan tidak terjadi. Skenario-skenario those with commercial substance.
yang diperhatikan adalah skenario yang
mengandung unsur komersial.
BNI Life mendefinisikan risiko asuransi yang BNI Life defines significant insurance risk as
signifikan sebagai kemungkinan membayar the possibility of having to pay benefits on the
manfaat pada saat terjadinya suatu kejadian occurrence of an insured event of at least 10%
yang diasuransikan, yang setidaknya 10% more than the benefits payable if the insured
lebih besar dari manfaat yang dibayarkan jika event did not occur. If the insurance contract
kejadian yang diasuransikan tidak terjadi. Jika does not contain significant insurance risk, the
suatu kontrak asuransi tidak mengandung contract will be deemed as an investment
risiko asuransi yang signifikan, maka kontrak contract. Once a contract has been classified
tersebut diklasifikasikan sebagai kontrak as an insurance contract, no reclassification is
investasi. Ketika sebuah kontrak telah subsequently performed unless the terms of
diklasifikasi sebagai kontrak asuransi, the agreement are later amended.
reklasifikasi terhadap kontrak tersebut tidak
dapat dilakukan kecuali ketentuan perjanjian
kemudian diamandemen.
BNI Life menerbitkan kontrak asuransi untuk BNI Life issues insurance contracts for
produk asuransi tradisional dan produk traditional insurance product and investment
asuransi yang dikaitkan dengan investasi. linked insurance product. Both of these
Kedua jenis produk ini mempunyai risiko products have significant insurance risk.
asuransi yang signifikan.
Produk-produk dari BNI Life dibagi BNI Life’s products may be divided into the
berdasarkan kategori utama sebagai berikut: following main categories:
Tipe polis/ Deskripsi manfaat/

Policy type Description of benefits
1) Produk tradisional/ Produk yang memberikan perlindungan untuk menutupi risiko kematian,
Traditional products kecelakaan, penyakit kritis, dan kesehatan dari pemegang polis. Total
uang pertanggungan akan dibayarkan pada saat terjadinya risiko yang
ditanggung/Products which provide protection to cover the risk of death,
accident, critical illness, and health of the insured. The basic sum
insured will be paid upon the occurrence of the risks covered.
99
2020 Annual Report

z. Kontrak asuransi (lanjutan) z. Insurance contract (continued)
Tipe polis/ Deskripsi manfaat/

Policy type Description of benefits
2) Produk asuransi yang Produk yang memberikan manfaat untuk risiko kematian dari uang
dikaitkan dengan pertanggungan dan akumulasi nilai tunai yang berasal dari
investasi/Investment linked pengembangan premi yang dibayar/Products which provide benefit to
insurance products cover the risk of death from sum insured and accumulated cash value
from investment yield from paid premium.
Produk asuransi unit link/ Nilai dana investasi akan dihitung berdasarkan tingkat pengembalian
Unit-linked insurance investasi yang diterima dari aset dasar tergantung dari tipe pendanaan
products yang dipilih oleh pemegang polis/The investment fund value will be
measured based on the yield of return from the underlying assets
depend on the fund type which is chosen by the policy holders.
BNI Life memisahkan komponen deposit dari BNI Life unbundles the deposit component of
kontrak unit link seperti yang disyaratkan oleh unit-linked contract as required by SFAS No. 62
PSAK No. 62 hanya jika kondisi-kondisi di only when both of the following conditions are
bawah ini terpenuhi: met:
- BNI Life dapat mengukur komponen - BNI Life can measure separately the
“deposit” secara terpisah (termasuk opsi “deposit” component (including any
penyerahan melekat, yaitu tanpa embedded surrender option, i.e. without
memperhitungkan komponen “asuransi”); taking into account the “insurance”
dan component); and
- Kebijakan akuntansi BNI Life tidak - BNI Life’s accounting policies do not
mensyaratkan untuk mengakui semua hak otherwise require to recognize all
dan kewajiban yang timbul dari komponen obligations and rights arising from the
“deposit”. “deposit” component.
Karena hanya kondisi pertama di atas Since only the first condition above is met, BNI
terpenuhi, maka BNI Life tidak memisahkan Life does not unbundle the deposit component
komponen deposit dari kontrak unit link. of unit-linked contract.
Pengujian kecukupan liabilitas Liability adequacy tests
Untuk asuransi jiwa, liabilitas kepada For life insurance, the liabilities to policyholder
pemegang polis khususnya kewajiban untuk in particular the liabilities for future claim is
klaim masa depan diuji untuk menentukan tested to determine whether they are sufficient
apakah liabilitas tersebut cukup untuk to cover all related future cash outflows which
menutupi semua arus kas keluar di masa include all guaranteed benefit and guaranteed
depan termasuk semua manfaat yang dijamin embedded additional benefit, non-guaranteed
dan manfaat tambahan yang dijamin, manfaat participation benefit feature (if any), all the
partisipasi yang tidak dijamin (jika ada), semua expense for policies issuance and maintaining
biaya untuk penerbitan polis dan pemeliharaan the policies, as well as reflecting the future
polis, serta mencerminkan arus kas masuk cash inflows, i.e. premium receipt in the future.
masa depan, yaitu premi yang diterima di
masa depan.
100
2020 Annual Report

Pengujian kecukupan liabilitas (lanjutan) Liability adequacy tests (continued)
Liabilitas dihitung berdasarkan diskonto dari The liabilities are calculated based on
arus kas untuk semua arus kas yang terkait discounted cash flow basis for all related cash
yaitu arus kas keluar dan arus kas masuk flows i.e. both of cash outflows and cash
seperti yang disebutkan di atas dengan inflows as mentioned above using a set of
menggunakan asumsi-asumsi aktuaria most recent best estimate actuarial
berdasarkan estimasi terbaik terkini yang assumptions which is set by the BNI Life’s
ditetapkan oleh aktuaris BNI Life, termasuk actuary, including mortality/morbidity
asumsi mortalitas/morbiditas, lapse, biaya dan assumptions, lapse assumptions, expense
inflasi serta marjin atas risiko pemburukan. assumptions and inflation assumptions as well
as margin for adverse deviation assumptions.
BNI Life menerapkan metode Gross Premium BNI Life applies the Gross Premium Valuation
Valuation dalam perhitungan liabilitas kepada method to calculate the policyholder liabilities
pemegang polis dengan menggunakan asumsi based on actuarial assumptions which is
aktuaria berdasarkan asumsi estimasi terbaik based on best estimate assumptions and
dan marjin atas risiko pemburukan. margin for adverse deviation.
Premi bruto Gross premiums
Premi atau ujrah/fee kontrak jangka pendek Premiums or ujrah/fee received from short-
diakui sebagai pendapatan dalam periode term insurance contracts are recognized as
kontrak sesuai dengan proporsi total proteksi income within the contract period based on the
asuransi yang diberikan. Premi ujrah/fee insurance coverage provided. Premiums or
kontrak jangka panjang diakui sebagai ujrah/fee received from long-term insurance
pendapatan pada saat jatuh tempo dari contracts are recognized as income when
pemegang polis. these are due.
Premi reasuransi bruto diakui sebagai beban Gross reinsurance premiums are recognized
pada saat dibayarkan atau pada tanggal di as an expense when payable or on the date in
mana polis tersebut efektif. which the policy becomes effective.
BNI Life menghitung cadangan atas premi BNI Life calculates unearned premium
yang belum merupakan pendapatan dengan reserves using daily amortization method.
menggunakan metode amortisasi harian.
Cadangan atas premi yang belum merupakan Unearned premium reserves only apply for
pendapatan hanya diterapkan terhadap premi premiums that are short-term with less than
yang mempunyai risiko (asuransi jangka one year insurance period which have risk
warsa, kecelakaan diri, dan kesehatan) yang component only (term life, personal accident
periode asuransinya tidak lebih dari satu and health insurance).
tahun.
Perubahan cadangan atas premi yang belum Changes in unearned premium reserves is
merupakan pendapatan diakui dalam laba rugi recognized in the current year’s profit or loss.
tahun berjalan.
Premi yang diterima sebelum diterbitkannya Premiums received prior to the issuance of
polis asuransi dicatat sebagai titipan premi insurance policies is recorded as policyholders’
pada laporan posisi keuangan konsolidasian. deposit in the consolidated statement of
financial position.
101
2020 Annual Report

Reasuransi Reinsurance
BNI Life mereasuransikan sebagian porsi BNI Life reinsures a portion of its risk with
risikonya kepada perusahaan reasuradur. reinsurance companies. The amount of
Total premi yang dibayar atau porsi premi atas premium paid or portion of premium from
transaksi reasuransi prospektif diakui sesuai prospective reinsurance transactions is
dengan proporsi total proteksi reasuransi yang recognized over the reinsurance contract in
diterima berdasarkan kontrak reasuransi. proportion with the protection received.
Aset reasuransi termasuk saldo yang Reinsurance assets include balances

diharapkan dibayarkan oleh perusahaan expected to be recovered from reinsurance
reasuransi untuk ceded liabilitas manfaat polis companies for ceded liability for future policy
masa depan, ceded estimasi liabilitas klaim benefits, ceded estimated claim liabilities and
dan ceded premi yang belum merupakan ceded unearned premiums. Amounts
pendapatan. Total manfaat yang ditanggung recoverable from reinsurers are estimated in a
oleh reasuradur diperkirakan secara konsisten manner consistent with the liability associated
sesuai dengan liabilitas yang terkait dengan with the reinsured policy.
polis reasuransi.
BNI Life menyajikan aset reasuransi secara BNI Life presents separately reinsurance
terpisah sebagai aset atas liabilitas manfaat assets of future policy benefit liabilities,
polis masa depan, premi yang belum unearned premium, and estimated claim
merupakan pendapatan, dan estimasi liabilitas liabilities.
klaim.
Jika aset reasuransi mengalami penurunan If a reinsurance asset is impaired, the

nilai, Perusahaan mengurangi nilai tercatat Company reduces the carrying amount and
dan mengakui kerugian penurunan nilai recognises the impairment loss in the
tersebut dalam laporan laba rugi dan consolidated statement of profit or loss and
penghasilan komprehensif lain konsolidasian. other comprehensive income. A reinsurance
Aset reasuransi mengalami penurunan nilai asset is impaired if there is objective
jika ada bukti obyektif, sebagai akibat dari evidence, as a result of an event that occurred
suatu peristiwa yang terjadi setelah pengakuan after initial recognition of the reinsurance
awal aset reasuransi, bahwa Perusahaan tidak asset, that the Company may not receive all
dapat menerima seluruh total karena di bawah amounts due to it under the terms of the
syarat-syarat kontrak, dan dampak pada total contract, and the impact of the amounts that
yang akan diterima dari reasuradur dapat the Company will receive from the reinsurer
diukur secara andal. can be reliably measured.
Klaim dan manfaat polis Claims and policy benefits
Klaim dan manfaat polis terdiri dari klaim yang Claims and policy benefits consist of settled
telah diselesaikan, klaim dalam proses claims, claims that are still in process of
penyelesaian dan estimasi atas klaim yang completion and estimate of claims incurred but
telah terjadi namun belum dilaporkan (IBNR). not yet reported (IBNR). Claims and policy
Klaim dan manfaat polis diakui sebagai beban benefits are recognized as expenses when the
pada saat terjadinya liabilitas untuk liabilities to cover claims are incurred.
memberikan proteksi. Klaim reasuransi yang Reinsurance claims recoveries from
diperoleh dari BNI Life reasuradur diakui dan reinsurance companies are recognized and
dicatat sebagai pengurang klaim dan manfaat recorded as deduction from claims and policy
polis pada periode yang sama dengan periode benefits consistent in the same period with the
pengakuan klaim dan manfaat polis. claims and policys benefits recognition.
102
2020 Annual Report

Klaim dan manfaat polis (lanjutan) Claims and policy benefits (continued)
Total klaim dalam penyelesaian, termasuk Total claims in process, including claims
klaim yang telah terjadi namun belum incurred but not yet reported, are stated at
dilaporkan, dinyatakan berdasarkan estimasi estimated amounts determined based on the
menggunakan teknik perhitungan teknis oleh actuarial technical insurance calculations
aktuaris yang dilaporkan sebagai bagian dari which is reported as part of “Estimated claim
”Estimasi liabilitas klaim” dalam laporan posisi liabilities” in the consolidated statement of
keuangan konsolidasian. Perubahan dalam financial position. Changes in estimated claim
estimasi liabilitas klaim, sebagai hasil dari liabilities as a result of further evaluation and
evaluasi lebih lanjut dan perbedaan antara the difference between estimated claims and
estimasi klaim dengan klaim yang dibayarkan, paid claims are recognized as addition to or
diakui sebagai biaya tambahan atau deduction from expenses in the period the
pengurang biaya pada periode terjadinya changes occurred.
perubahan.
Liabilitas manfaat polis masa depan Liability for future policy benefits
Liabilitas manfaat polis masa depan The liabilities for future policy benefits
merupakan nilai sekarang estimasi manfaat represent the present value of estimated future
polis masa depan yang akan dibayarkan policy benefits to be paid to policyholders or
kepada pemegang polis atau ahli warisnya their heirs less present value of estimated
dikurangi dengan nilai sekarang dari estimasi future premiums to be received from the
premi masa depan yang akan diterima dari policyholders and recognized consistenly with
pemegang polis dan diakui secara konsisten the recognition of premium income. The
pada saat pengakuan pendapatan premi. liabilities for future policy benefits are
Liabilitas manfaat polis masa depan ditentukan determined and computed based on certain
dan dihitung dengan menggunakan rumus formula by BNI Life’s actuary.
tertentu oleh aktuaris BNI Life.
BNI Life menghitung liabilitas manfaat polis BNI Life calculates the liabilities for future
masa depan dengan menggunakan metode policy benefits using Gross Premium Valuation
Gross Premium Valuation yang mencerminkan method that reflect the present value of
nilai sekarang estimasi pembayaran seluruh estimated payments throughout the
manfaat yang diperjanjikan termasuk seluruh guaranteed benefits including all the
opsi yang disediakan, nilai sekarang estimasi embedded options available, the estimated
seluruh biaya yang dikeluarkan dan juga present value of all handling costs incurred
mempertimbangkan penerimaan premi di and also considering the future premium
masa depan. receipt.
Perubahan liabilitas manfaat polis masa depan Changes in the liabilities for future policy
diakui dalam laba rugi tahun berjalan. benefits are recognized in the current year’s
profit or loss.
Untuk produk unit link, liabilitas kepada For unit-linked products, the liabilities to unit-
pemegang polis unit link diakui pada saat linked policyholders is recognized at the time
penerimaan dana dikonversi menjadi unit the funds received are converted into units, net
setelah dikurangi biaya-biaya dan akan of related expenses and will increase or
bertambah atau berkurang sesuai dengan nilai decrease in accordance with effective net
aset bersih efektif yang berlaku. Risiko asset value. Related investment risk are born
investasi terkait ditanggung oleh pemegang by the unit-linked policyholders.
polis unit link.
103
2020 Annual Report

Liabilitas manfaat polis masa depan (lanjutan) Liabilities for future policy benefits (continued)
Penerimaan dana dari nasabah untuk produk Funds received from customers for non-sharia
non syariah diakui sebagai pendapatan premi products are recognized as gross premiums
bruto di laporan laba rugi dan penghasilan income in the consolidated statement of profit
komprehensif lain konsolidasian. Liabilitas and loss and other comprehensive income.
kepada pemegang polis unit link diakui di Liabilities to unit-linked policyholders are
laporan posisi keuangan konsolidasian yang recognized in the consolidated statement of
termasuk di dalam liabilitas manfaat polis financial position which is included in the
masa depan sebesar jumlah yang diterima liabilities for future policy benefits for the
setelah dikurangi dengan bagian premi yang amount received net of the portion of premium
merupakan pendapatan Entitas Anak, disertai representing Subsidiary’s revenue, with
dengan pengakuan kenaikan liabilitas kepada corresponding profit or loss recognition for the
pemegang polis unit link di laba rugi. increase in liabilities to unit-linked
policyholders.
Setiap bunga, keuntungan atau kerugian dari Any interest, gain or loss due to increases or
kenaikan atau penurunan nilai pasar investasi decreases in market value of investments are
dicatat sebagai pendapatan atau beban, recorded as income or expense, with a
disertai dengan pengakuan kenaikan atau corresponding recognition of increase or
penurunan liabilitas manfaat polis masa depan decrease in liabilities for future policy benefits
di laporan laba rugi dan liabilitas manfaat polis in the profit or loss and liabilities for future
masa depan di laporan posisi keuangan policy benefits in the consolidated statement of
konsolidasian. financial position.
Penerimaan dana dari peserta untuk produk Funds received from participant for Sharia unit
Syariah diakui sebagai pendapatan kontribusi products is recognized as contributions income
dari dana tabarru’ sesuai dengan akad from tabarru fund’ in accordance with the
asuransinya dan bukan merupakan insurance contract and not as income for
pendapatan entitas pengelola atau operator/company, as the operator only act as
perusahaan, karena entitas pengelola sebagai a representative of the participants to manage
wakil para peserta untuk mengelola dana the tabarru’ funds’. The contribution portion for
tabarru’. Bagian kontribusi untuk ujrah entitas operator’s ujrah in effort to manage the
pengelola dalam rangka mengelola dana tabarru’ funds is recognized as ujrah income in
tabarru’ diakui sebagai pendapatan ujrah pada profit or loss. Portion of fund received from
laporan laba rugi. Bagian penerimaan dana participant for investment of mudharabah
dari peserta untuk investasi dari akad contract is recognized as mudharabah
mudharabah diakui sebagai dana investasi investment fund and receipt from wakalah
mudharabah dan penerimaan dari peserta contract is recognized as wakalah investment
untuk investasi dari akad wakalah diakui fund in the statement of financial position for
sebagai dana investasi wakalah di laporan Participant Funds.
posisi keuangan Dana Peserta.
aa. Perpajakan aa. Taxation
Beban pajak terdiri dari pajak kini dan pajak The tax expense comprises of current and
tangguhan. Pajak diakui dalam laporan laba deferred tax. Tax are recognized in the profit or
rugi, kecuali jika pajak tersebut terkait dengan loss, except to the extent that it relates to items
transaksi atau kejadian yang diakui di recognized in other comprehensive income or
pengahasilan komprehensif lain atau langsung directly in equity. In this case, the tax is also
diakui ke ekuitas. Dalam hal ini, pajak tersebut recognized in other comprehensive income or
masing-masing diakui dalam penghasilan directly in equity, respectively.
komprehensif lain atau ekuitas.
104
2020 Annual Report

aa. Perpajakan (lanjutan) aa. Taxation (continued)
Beban pajak kini dihitung berdasarkan The current income tax charge is calculated on
peraturan perpajakan yang berlaku pada the basis of the tax laws enacted or
tanggal pelaporan keuangan. Manajemen substantively enacted at the reporting date.
secara periodik mengevaluasi posisi yang Management periodically evaluates positions
dilaporkan di Surat Pemberitahuan Tahunan taken in tax returns with respect to situations in
(SPT) sehubungan dengan situasi dimana which applicable tax regulation is subject to
aturan pajak yang berlaku membutuhkan interpretation. It establishes provision where
interpretasi. Jika perlu, manajemen appropriate on the basis of amounts expected
menentukan provisi berdasarkan jumlah yang to be paid to the tax authorities.
diharapkan akan dibayar kepada otoritas
pajak.
Pajak penghasilan tangguhan diakui, dengan Deferred income tax is recognized, using the
menggunakan metode posisi keuangan untuk financial position method, on temporary
semua perbedaan temporer antara dasar differences arising between the tax bases of
pengenaan pajak aset dan liabilitas dengan assets and liabilities and their carrying
nilai tercatatnya pada laporan keuangan amounts in the consolidated financial
konsolidasian. Namun, liabilitas pajak statements. However, deferred tax liabilities
penghasilan tangguhan tidak diakui jika are not recognized if they arise from the initial
berasal dari pengakuan awal goodwill atau recognition of goodwill and deferred income
pada saat pengakuan awal aset dan liabilitas tax is not accounted for if it arises from initial
yang timbul dari transaksi selain kombinasi recognition of an asset or liability in a
bisnis yang pada saat transaksi tersebut tidak transaction other than a business combination
mempengaruhi laba rugi akuntansi dan laba that at the time of the transaction affects
rugi kena pajak. Pajak penghasilan tangguhan neither accounting nor taxable profit or loss.
ditentukan dengan menggunakan tarif pajak Deferred income tax is determined using tax
yang telah berlaku atau secara substantif telah rates that have been enacted or substantially
berlaku pada akhir periode pelaporan dan enacted as at reporting period and is expected
diharapkan diterapkan ketika aset pajak to apply when the related deferred income tax
penghasilan tangguhan direalisasi atau asset is realized or the deferred income tax
liabilitas pajak penghasilan tangguhan liability is settled.
diselesaikan.
Aset pajak penghasilan tangguhan diakui Deferred tax assets are recognized only to the
hanya jika besar kemungkinan jumlah extent that it is probable that future taxable
penghasilan kena pajak dimasa depan akan profit will be available against which the
memadai untuk dikompensasi dengan temporary differences can be utilized.
perbedaan temporer yang masih dapat
dimanfaatkan.
Aset dan liabilitas pajak penghasilan Deferred tax assets and liabilities are offset
tangguhan dapat saling hapus apabila terdapat when there is a legally enforceable right to
hak yang berkekuatan hukum untuk offset current tax assets against current tax
melakukan saling hapus antara aset pajak kini liabilities and when the deferred income taxes
dengan liabilitas pajak kini dan apabila aset assets and liabilities relate to income taxes
dan liabilitas pajak penghasilan tangguhan levied by the same taxation authority oneither
dikenakan oleh otoritas perpajakan yang the same taxable entity or different taxable
sama, baik atas entitas kena pajak yang sama entities where there is an intention to settle the
atau pun berbeda dan adanya niat untuk balances on a net basis.
melakukan penyelesaian saldo-saldo tersebut
secara neto.
Koreksi terhadap kewajiban perpajakan diakui Corrections to taxation obligations are

saat surat ketetapan pajak diterima atau jika recorded when an assessment is received or,
mengajukan keberatan, pada saat keputusan if appealed against, when the appeal has been
atas keberatan tersebut telah ditetapkan. decided.
105
2020 Annual Report

ab. Imbalan kerja ab. Employee benefits
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek diakui pada saat Short-term employee benefits are recognized
terutang kepada karyawan. when they accrued to the employees.
Imbalan pensiun dan imbalan pasca-kerja Pension benefits and other post-
lainnya employment
BNI memiliki program pensiun imbalan pasti BNI has defined benefit and defined
dan iuran pasti. contribution pension plans.
Program pensiun imbalan pasti adalah A defined benefit pension plan is a pension
program pensiun yang menetapkan jumlah plan that defines an amount of pension that
imbalan pensiun yang akan diterima oleh will be received by the employee on becoming
karyawan pada saat pensiun, yang biasanya entitled to a pension, which usually depends
tergantung pada satu faktor atau lebih, seperti on one or more factors such as age, years of
umur, masa kerja, dan jumlah kompensasi. service and compensation. This plan is
Program ini dikelola oleh Dana Pensiun managed by Dana Pensiun PT Bank Negara
PT Bank Negara Indonesia (Persero) Tbk Indonesia (Persero) Tbk (“Dana Pensiun”).
(“Dana Pensiun”).
Program pensiun iuran pasti adalah program A defined contribution plan is a pension plan
pensiun dimana Bank akan membayar iuran under which the Bank pays fixed contributions
tetap kepada sebuah entitas yang terpisah into a separate entity (pension fund) and has
(dana pensiun) dan tidak memiliki liabilitas no legal or constructive obligation to pay
hukum atau konstruktif untuk membayar further contributions. This plan is managed by
kontribusi lebih lanjut. Program ini dikelola oleh Dana Pensiun Lembaga Keuangan PT Bank
Dana Pensiun Lembaga Keuangan PT Bank Negara Indonesia (Persero)Tbk (“DPLK”).
Negara Indonesia (Persero) Tbk (“DPLK”).
BNI diharuskan menyediakan imbalan pensiun BNI is required to provide minimum pension
minimum yang diatur dalam UU No. 13/2003, benefits as stipulated in the Law No. 13/2003
yang merupakan liabilitas imbalan pasti. Jika which represents an underlying defined benefit
imbalan pensiun sesuai dengan UU obligation. If the pension benefits based on
No. 13/2003 lebih besar, selisih tersebut diakui Law No. 13/2003 are higher, the difference is
sebagai bagian dari liabilitas imbalan pensiun. recorded as part of the overall pension
benefits obligation.
Karena UU Ketenagakerjaan menentukan Since the Labor Law sets the formula for
rumus tertentu untuk menghitung jumlah determining the minimum amount of benefits,
minimal imbalan pensiun, pada dasarnya in substance pension plans under the Labor
program pensiun berdasarkan UU Law represent defined benefit plans.
Ketenagakerjaan adalah program imbalan
pasti.
Sehubungan dengan program imbalan pasti, The liability recognized in the consolidated
liabilitas diakui pada laporan posisi keuangan statement of financial position in respect of
sebesar nilai kini kewajiban imbalan pasti pada defined benefit pension plans is the present
akhir periode pelaporan dikurangi nilai wajar value of the defined benefit obligation at the
aset program. Kewajiban imbalan pasti end of the reporting period less the fair value
dihitung setiap tahun oleh aktuaris yang of plan assets. The defined benefit obligation
independen dengan menggunakan metode is calculated annually by independent
projected unit credit. actuaries using the projected unit credit
method.
106
2020 Annual Report

ab. Imbalan kerja (lanjutan) ab. Employee benefits (continued)
Imbalan pensiun dan imbalan pasca-kerja Pension benefits and other post-
lainnya (lanjutan) employment benefits (continued)
Nilai kini kewajiban imbalan pasti ditentukan The present value of the defined benefit
dengan mendiskontokan arus kas keluar yang obligation is determined by discounting the
diestimasi dengan menggunakan tingkat bunga estimated future cash outflows using interest
Obligasi Pemerintah (dikarenakan saat ini tidak rates of Government Bonds (considering that
ada pasar aktif untuk obligasi perusahaan yang currently there is no deep market for high-
berkualitas tinggi) yang didenominasikan quality corporate bonds) that are denominated
dalam Rupiah dimana imbalan akan in Rupiah in which the benefits will be paid,
dibayarkan dan memiliki jangka waktu jatuh and that have terms to maturity approximating
tempo mendekati jangka waktu kewajiban to the terms of the related pension obligation.
pensiun.
Keuntungan dan kerugian aktuarial yang timbul Actuarial gains and losses arising from
dari penyesuaian dan perubahan dalam experience adjustments and changes in
asumsi-asumsi aktuarial langsung diakui actuarial assumptions are charged or credited
seluruhnya melalui penghasilan komprehensif to equity in other comprehensive income in the
lainnya pada saat terjadinya. period in which they arise.
Biaya jasa lalu diakui segera dalam laporan Past-service costs are recognized immediately
laba rugi. in profit or loss.
Keuntungan dan kerugian dari kurtailmen atau Gains or losses on the curtailment or
penyelesaian program manfaat pasti diakui di settlement of a defined benefit plan are
laba rugi ketika kurtailmen atau penyelesaian recognized in profit or loss when the
tersebut terjadi. curtailment or settlement occurs.
Grup juga memberikan imbalan pasca kerja The Group also provides other post-
lainnya, seperti uang penghargaan dan uang employment benefits, such as service pay and
pisah. Imbalan berupa uang penghargaan separation pay. The service pay benefit vests
diberikan apabila karyawan bekerja hingga when the employees reach their retirement
mencapai usia pensiun. Sedangkan imbalan age. The separation pay benefit is paid to
berupa uang pisah, dibayarkan kepada employees in the case of voluntary
karyawan yang mengundurkan diri secara resignation, subject to a minimum number of
sukarela, setelah memenuhi minimal masa years of service. These benefits have been
kerja tertentu. Imbalan ini dihitung dengan accounted for using the same methodology as
menggunakan metodologi yang sama dengan for the defined benefit pension plan.
metodologi yang digunakan dalam perhitungan
program pensiun imbalan pasti.
Dana Pensiun Pension Fund
Bank memberikan manfaat bulanan (anuitas) The Bank provides a monthly benefit pension
yang didefinisikan berdasarkan gaji dan (annuity) which is defined by salary and period
periode kepesertaan yang terkait dengan of membership.
masa kerja.
The Plan design means that the risks most
Berdasarkan skema program, risiko yang commonly affecting the reported financial
mempengaruhi hasil perhitungan dalam results are expected to be:
laporan keuangan adalah sebagai berikut: - Investment risk (strong investment returns
- Tingkat imbal hasil atas DPPK (hasil tending to improve the balance sheet
investasi DPPK yang lebih rendah dari position, whilst poor or negative
asumsi akan meningkatkan nilai kini investment returns tending to weaken the
kewajiban imbalan pasti). position).
107
2020 Annual Report

Dana Pensiun (lanjutan) Pension Fund (continued)
- Risiko atas tingkat suku bunga (kewajiban - Interest rate risk (the defined benefit
imbalan pasti yang dihitung berdasarkan obligation calculated under SFAS 24 uses
PSAK 24 menggunakan tingkat diskonto a discount rate based on bond yields. If
berdasarkan imbalan hasil pasar atas bond yields fall, the defined benefit
bunga obligasi. Apabila imbal hasil pasar obligation will tend to increase).
atas bunga obligasi menurun, nilai kini
kewajiban imbalan pasti akan meningkat).
- Risiko atas pengunduran diri (program - Changes in turnover: the Plan only
memberikan manfaat terbesar ketika provides benefits upon reaching
peserta mencapai usia pensiun. Apabila retirement. Therefore, if turnover rates
tingkat pengunduran diri sebelum pensiun increase prior to retirement, then the
meningkat, nilai kini kewajiban imbalan liability will tend to fall significantly as
pasti cenderung menurun karena jumlah fewer employees reach retirement age.
peserta yang mencapai usia pensiun lebih
sedikit).
- Risiko atas tingkat kenaikan gaji (tingkat - Salary inflation risk (higher than expected
kenaikan gaji aktual yang lebih tinggi dari increases in salary will increase the
asumsi akan meningkatkan nilai kini defined benefit obligation).
kewajiban imbalan pasti).
Dana Pensiun Lembaga Keuangan (DPLK) Defined Contribution Plan (DPLK)
Program memberikan manfaat sekaligus (lump The Company provides a defined benefit lump
sum) yang didefinisikan berdasarkan gaji dan sum benefit pension which is defined by salary
periode kepesertaan yang terkait dengan and period of membership. However, the
masa kerja. Namun, akumulasi saldo program company’s obligation is reduced by the
iuran pasti (DPLK) akan mengurangi proceeds of a separate defined contribution
kewajiban perusahaan. Laporan ini plan (DPLK). These disclosures measure the
menghitung pembayaran yang harus dilakukan company’s additional payment required (if any)
perusahaan (apabila ada) jika manfaat pasti if the defined benefit exceeds the proceeds of
yang dijanjikan perusahaan melebihi that defined contribution plan. The Company
akumulasi saldo DPLK. Kontribusi perusahaan expenses the contribution if it pays into the
ke DPLK dicatat secara terpisah dan tidak defined contribution on cash basis, and
disajikan dalam laporan ini. separately to the amount shown in these
disclosures.
Berdasarkan skema program, risiko yang The plan design means that the risk most
mempengaruhi hasil perhitungan dalam commonly affecting the reported financial
laporan keuangan adalah sebagai berikut: results are expected to be :
- Tingkat imbal hasil atas DPLK (hasil - Net investment return on DC fund (lower
investasi DPLK yang lebih rendah dari than expected return will increase the
- Risiko atas tingkat suku bunga (kewajiban - Interest rate risk (the defined benefit
imbalan pasti yang dihitung berdasarkan obligation calculated under SFAS 24 uses
PSAK 24 menggunakan tingkat diskonto a discount rate based on bond yields. If
berdasarkan imbalan hasil pasar atas bond yields fall, the defined benefit
bunga obligasi. Apabila imbal hasil pasar obligation will tend to increase).
atas bunga obligasi menurun, nilai kini
kewajiban imbalan pasti akan meningkat).
108
2020 Annual Report

- Risiko atas tingkat kenaikan gaji (tingkat - Salary inflation risk (higher than expected
kenaikan gaji aktual yang lebih tinggi dari increases in salary will increase the
- Risiko atas pengunduran diri (program - Changes in turnover. The plan only
memberikan manfaat terbesar ketika provides benefit upon reaching
peserta mencapai usia pensiun. Apabila retirement. Therefore if turnover rates
tingkat pengunduran diri sebelum pensiun increase prior to retirement, then the
meningkat, nilai kini kewajiban imbalan liability will tend to fall significantly as
pasti cenderung menurun karena jumlah fewer employees reach retirement age.
peserta yang mencapai usia pensiun lebih
sedikit).
Imbalan jangka panjang lainnya Other long-term benefits
Imbalan jangka panjang lainnya seperti cuti Other long-term employee benefits such as
berimbalan jangka panjang, imbalan cacat long service leave, permanent disability benefit
permanen dan penghargaan jubilee dihitung and jubilee awards are calculated using the
dengan menggunakan metode projected unit projected unit credit method and discounted to
credit dan didiskontokan ke nilai kini. present value. Actuarial gains and losses
Keuntungan dan kerugian aktuarial yang arising from experience adjustments and
timbul dari penyesuaian dan perubahan dalam change in actuarial assumption are charged
asumsi-asumsi aktuarial diakui dalam laporan and credited to profit or loss.
laba rugi.
ac. Laba per saham dasar ac. Basic earnings per share
Laba per saham dasar dihitung dengan Basic earnings per share is computed by
membagi laba tahun berjalan yang tersedia dividing income for the year available to
bagi pemegang saham biasa (laba residual) shareholders of ordinary shares (residual
dengan jumlah rata-rata tertimbang lembar income) by the weighted average number of
saham biasa yang beredar selama tahun ordinary shares outstanding during the current
berjalan. year.
ad. Transaksi dengan pihak-pihak berelasi ad. Transactions with related parties
BNI dan Entitas Anak melakukan transaksi BNI and Subsidiaries enter into transactions
dengan pihak-pihak berelasi seperti yang with parties which are defined as related
didefinisikan dalam PSAK No. 7 tentang parties in accordance with Statement of
“Pengungkapan Pihak-pihak Berelasi” dan Financial Accounting Standards (SFAS)
Peraturan Bapepam-LK No. KEP- No. 7 regarding “Related Party Disclosures”
347/BL/2012 tanggal 25 Juni 2012 tentang and Regulation of the Capital Market and
“Pedoman Penyajian dan Pengungkapan Financial Institution Supervisory Board
Laporan Keuangan Emiten atau Perusahaan (Bapepam-LK) No. KEP-347/BL/2012
Publik” yang didefinisikan antara lain: regarding “Guidelines for Financial
Statements Presentation and Disclosure of
Issuers or Public Companies”, which are
defined, among others, as:
(i) perusahaan di bawah pengendalian BNI (i) entities under the control of BNI and
dan Entitas Anak; Subsidiaries;
(ii) perusahaan asosiasi; (ii) associated companies;
109
2020 Annual Report

ad. Transaksi dengan pihak-pihak berelasi ad. Transactions with related parties
(iii) investor yang memiliki hak suara, yang (iii) investors with voting rights that gives
memberikan investor tersebut suatu them significant influence;
pengaruh yang signifikan;
(iv) perusahaan di bawah pengendalian (iv) entities controlled by investors under
investor yang dijelaskan dalam Catatan iii Note iii above;
di atas;
(v) karyawan kunci dan anggota (v) key employees and family members;
keluarganya; dan and
(vi) entitas yang dikendalikan, dikendalikan (vi) entity that is controlled, jointly controlled
bersama atau dipengaruhi secara or significantly influenced by
signifikan oleh Pemerintah yaitu Menteri Government, which is defined as the
Keuangan yang merupakan pemegang Minister of Finance who has share
saham dari entitas. ownership in the entity.
Semua transaksi signifikan dengan pihak- All significant transactions with related parties
pihak berelasi, telah diungkapkan pada have been disclosed in notes to the
catatan atas laporan keuangan konsolidasian. consolidated financial statements.
ae. Dividen ae. Dividends

Pembagian dividen kepada para pemegang Dividend distribution to the shareholders is
saham diakui sebagai liabilitas dalam laporan recognized as a liability in the consolidated
keuangan konsolidasian pada periode ketika financial statements in the period in which the
dividen tersebut disetujui oleh para pemegang dividends are approved by the shareholders.
saham.
af. Pelaporan segmen af. Segment reporting
Grup mengidentifikasikan segmen operasi The Group defines an operating segment as a

sebagai suatu komponen dari entitas: component of an entity:
a) yang terlibat dalam aktivitas bisnis yang a) that engages in business activities from
mana memperoleh pendapatan dan which it may earn revenues and incur
menimbulkan beban (termasuk expenses (including revenues and
pendapatan dan beban terkait dengan expenses relating to transactions with
transaksi dengan komponen lain dari other components of the same entity);
entitas yang sama);
b) hasil operasinya dikaji ulang secara b) whose operating results are reviewed
reguler oleh pengambil keputusan regularly by the entity’s chief operating
operasional untuk membuat keputusan decision maker to make decisions about
tentang sumber daya yang dialokasikan resources to be allocated to the segment
pada segmen tersebut dan menilai and assess its performance; and
kinerjanya; dan
c) tersedia informasi keuangan yang dapat c) for which discrete financial information is
dipisahkan. available.
Grup mengungkapkan segmen The Group discloses its operating segments

operasionalnya berdasarkan segmen usaha based on operating segments that consist of
yang meliputi Korporasi, Menengah, Kecil, Corporate, Middle, Small, Consumer and
Konsumer dan Ritel, Tresuri dan Institusi Retail, Treasury and Financial Institution, Head
Keuangan, Kantor Pusat dan Entitas Anak. Office and Subsidiaries.
110
2020 Annual Report

ag. Biaya emisi penerbitan saham ag. Shares issuance costs
Biaya-biaya emisi efek yang terjadi Costs related to the public offering of shares
sehubungan dengan penawaran saham (including pre-emptive rights issue) are
kepada masyarakat (termasuk penerbitan hak deducted from the proceeds and presented as
memesan efek terlebih dahulu) dikurangkan a deduction of “Additional Paid-In Capital -
langsung dari hasil emisi dan disajikan Net” account, under Equity section in the
sebagai pengurang pada akun “Tambahan consolidated statement of financial position.
Modal Disetor - Neto”, sebagai bagian dari
Ekuitas pada laporan posisi keuangan
konsolidasian.
ah. Saham treasuri ah. Treasury shares
Ketika entitas Grup membeli modal saham When any Group entity purchases the entity’s
ekuitas entitas (saham treasuri), imbalan equity share capital (treasury shares), the
yang dibayar, termasuk biaya tambahan yang consideration paid, including any directly
secara langsung dapat diatribusikan attributable incremental costs (net of income
(dikurangi pajak penghasilan) dikurangkan taxes) is deducted from equity attributable to
dari ekuitas yang diatribusikan kepada the entity’s equity holders until the shares are
pemilik ekuitas entitas sampai saham cancelled or reissued. When ordinary shares
tersebut dibatalkan atau diterbitkan kembali. are subsequently reissued, any consideration
Ketika saham biasa tersebut selanjutnya received, net of any directly attributable
diterbitkan kembali, imbalan yang diterima, incremental transaction costs and the related
dikurangi biaya tambahan transaksi yang income tax effects, is included in equity
terkait dan dampak pajak penghasilan yang attributable to the entity’s equity holders.
terkait dimasukkan kepada ekuitas yang
dapat diatribusikan kepada pemilik ekuitas
entitas.
3. PENGGUNAAN ESTIMASI DAN 3. USE OF CRITICAL ACCOUNTING ESTIMATES

PERTIMBANGAN AKUNTANSI YANG PENTING AND JUDGMENTS
Beberapa estimasi dan asumsi dibuat dalam Certain estimates and assumptions are made in the
rangka penyusunan laporan keuangan preparation of the consolidated financial statements
konsolidasian dimana dibutuhkan pertimbangan and these require management judgement in
manajemen dalam menentukan metodologi yang determining the appropriate methodology for
tepat untuk penilaian aset dan liabilitas. valuation of assets and liabilities.
Manajemen membuat estimasi dan asumsi yang Management makes estimates and assumptions
berimplikasi pada pelaporan nilai aset dan that affect the reported amounts of assets and
liabilitas atas tahun keuangan satu tahun liabilities within the next financial year. All estimates
kedepan. Semua estimasi dan asumsi yang and assumptions required in conformity with SFAS
diharuskan oleh PSAK adalah estimasi terbaik are best estimates undertaken in accordance with
yang didasarkan pada standar yang berlaku. the applicable standard. Estimates and judgements
Estimasi dan pertimbangan dievaluasi secara are evaluated on a continuous basis, and are
terus menerus dan berdasarkan pengalaman based on past experiences and other factors,
masa lalu dan faktor-faktor lain termasuk harapan including expectations with regard to future events.
atas kejadian yang akan datang.
Walaupun estimasi dan asumsi ini dibuat Although these estimates and assumptions are
berdasarkan pengetahuan terbaik manajemen based on management’s best knowledge of current
atas kejadian dan tindakan saat ini, hasil yang events and activities, actual result may differ from
timbul mungkin berbeda dengan estimasi dan those estimates and assumptions.
asumsi semula.
111
2020 Annual Report

PERTIMBANGAN AKUNTANSI YANG PENTING AND JUDGMENTS (continued)
(lanjutan)
Sumber utama ketidakpastian estimasi: Key sources of estimation uncertainty:
a. Cadangan kerugian penurunan nilai aset a. Allowances for impairment losses of
keuangan financial assets
Kondisi spesifik counterparty yang mengalami In the calculation of allowance for impairment
penurunan nilai dalam pembentukan losses of financial assets, the specific
cadangan kerugian atas aset keuangan condition of impaired counterparty is
dievaluasi secara individu berdasarkan individually evaluated based on management's
estimasi terbaik manajemen atas nilai kini best estimate of the present value of the
arus kas yang diharapkan akan diterima. expected cash flows to be received. In
Dalam mengestimasi arus kas tersebut, estimating these cash flows, management
manajemen membuat pertimbangan tentang makes judgements about the counterparty's
situasi keuangan counterparty dan nilai financial situation and the net realizable value
realisasi bersih dari setiap agunan. Setiap of any underlying collateral. Each impaired
aset yang mengalami penurunan nilai dinilai asset is assessed on its merits, and the
sesuai dengan manfaat yang ada, dan workout strategy and estimated cash flows
strategi penyelesaian serta estimasi arus kas considered recoverable.
yang diperkirakan dapat diterima.
Perhitungan cadangan penurunan nilai Collectively assessed impairment allowances
kolektif meliputi kerugian kredit yang melekat cover credit losses inherent in portfolios of
dalam portofolio aset keuangan dengan financial assets with similar economic
karakteristik ekonomi yang sama, tetapi characteristics, but the individually impaired
penurunan nilai secara individu belum dapat items cannot yet be identified. In assessing the
diidentifikasi. Dalam menilai kebutuhan untuk need for collective allowances, management
cadangan kolektif, manajemen considers factors such as credit quality and
mempertimbangkan faktor-faktor seperti type of product. In order to estimate the
kualitas kredit dan jenis produk. Guna required allowance, assumptions are made to
membuat estimasi cadangan yang diperlukan, define the way inherent losses are modelled
manajemen membuat asumsi untuk and to determine the required input
menentukan kerugian yang melekat, dan parameters, based on historical experiences,
untuk menentukan parameter input yang current economic conditions and forecast on
diperlukan, berdasarkan pengalaman masa future economic condition. The accuracy of the
lalu, kondisi ekonomi saat ini dan prakiraan allowances depends on how well these
kondisi ekonomi dimasa depan. Keakuratan estimate future cash flows for specific
penyisihan tergantung pada seberapa baik counterparty allowances and the model
estimasi arus kas masa depan untuk assumptions and parameters are used in
cadangan counterparty tertentu dan asumsi determining collective allowances.
model dan parameter yang digunakan dalam
menentukan cadangan kolektif.
b. Menentukan nilai wajar instrumen b. Determining fair values of financial
keuangan instruments
Dalam menentukan nilai wajar aset keuangan In determining the fair value for financial
dan liabilitas yang tidak mempunyai harga assets and financial liabilities for which there is
pasar, Grup menggunakan teknik penilaian no observable market price, the Group uses
seperti yang dijelaskan dalam Catatan 2c. the valuation techniques as described in Note
Untuk instrumen keuangan yang jarang 2c. For financial instruments that are traded
diperdagangkan dan memiliki informasi harga infrequently and there is a lack of price
yang terbatas, nilai wajar menjadi kurang transparency, fair value is less objective and
objektif dan membutuhkan berbagai tingkat requires varying degrees of judgement
penilaian tergantung pada likuiditas, depending on liquidity, concentration,
konsentrasi, faktor ketidakpastian pasar, uncertainty of market factors, pricing
asumsi harga dan risiko lainnya. assumptions and other risks affecting the
specific instrument.
112
2020 Annual Report

(lanjutan)
Sumber utama ketidakpastian estimasi (lanjutan) Key sources of estimation uncertainty (continued)
b. Menentukan nilai wajar instrumen b. Determining fair values of financial

keuangan (lanjutan) instruments (continued)
Masukan (input) untuk model ini berasal dari The input for this model comes from
data pasar yang bisa diamati. Bila data pasar observable market data. When observable
yang bisa diamati tersebut tidak tersedia, market data are not available, management
manajemen mempertimbangkan masukan dan considers necessary inputs and assumptions
asumsi diperlukan untuk menentukan nilai to determine the fair value. The above
wajar. Pertimbangan tersebut mencakup considerations include liquidity and volatility
feedback model atas likuiditas volatilitas untuk feedback model for derivative transactions and
transaksi derivatif dan tingkat diskonto yang long term discount rate, the level of early
berjangka waktu panjang, tingkat pelunasan payment and the level of default assumption.
dipercepat dan asumsi tingkat gagal bayar.
c. Imbalan kerja karyawan c. Employee benefit
Nilai kini atas imbalan kerja karyawan The present value of the employee benefit
tergantung dari banyaknya faktor yang obligations depends on a number of factors
dipertimbangkan oleh aktuaris berdasarkan that are determined on an actuarial basis using
beberapa asumsi. Perubahan atas asumsi- a number of assumptions. Any changes in
asumsi tersebut akan mempengaruhi carrying these assumptions will impact the carrying
amount atas imbalan kerja karyawan. amount of employee benefit obligations.
Asumsi yang digunakan dalam menentukan The assumptions used in determining the net
biaya atau pendapatan untuk imbalan kerja cost (income) for employee benefits include
termasuk tingkat diskonto. Grup menentukan the discount rate. The Group determines the
tingkat diskonto yang tepat pada setiap akhir appropriate discount rate at the end of each
tahun. Ini merupakan tingkat suku bunga year. This is the interest rate that should be
yang digunakan untuk menentukan nilai used to determine the present value of
kiniatas arus kas masa depan yang diestimasi estimated future cash outflows expected to be
akan digunakan untuk membayar imbalan required to settle the pension obligations. In
kerja. Dalam menentukan tingkat diskonto determining the appropriate discount rate, the
yang tepat, Grup mempertimbangkan tingkat Group considers the interest rates of
suku bunga atas Obligasi Pemerintah yang Government Bonds that have terms to maturity
mempunyai jatuh tempo yang menyerupai approximating the terms of the related
jangka waktu imbalan kerja karyawan. employee benefit liability.
Asumsi kunci liabilitas pensiun lainnya Other key assumptions for pension obligations
sebagian ditentukan berdasarkan kondisi are partly based on current market conditions.
pasar saat ini.
d. Provisi perpajakan d. Provision for taxes
Grup menentukan provisi perpajakan The Group provides for tax provision based on
berdasarkan estimasi atas kemungkinan estimates whether the additional taxes will be
adanya tambahan beban pajak. Jika hasil due. Where the final tax outcome of these
akhir dari hal ini berbeda dengan jumlah yang matters is different from the amounts that were
dicatat semula, maka perbedaan tersebut initially recorded, such differences will impact
akan berdampak terhadap laba/rugi. the profit/loss.
113
2020 Annual Report

(lanjutan)
e. Liabilitas asuransi untuk kontrak asuransi e. Insurance liabilities on insurance contracts
Cadangan teknis Entitas Anak dicatat di Technical reserves of the Subsidiary recorded
laporan posisi keuangan konsolidasian in the consolidated statement of financial
sebagai bagian dari “Liabilitas lain-lain” position as part of “Other liabilities” are
berdasarkan perhitungan teknis asuransi calculated based on insurance technical
dengan menggunakan asumsi-asumsi calculation using certain actuarial assumptions
aktuarial yaitu asumsi estimasi terbaik dan which are based on best estimate assumptions
marjin atas risiko pemburukan. Termasuk and margin for adverse risk. Included in the
dalam cadangan teknis adalah liabilitas technical reserves are liability for future policy
manfaat polis masa depan, estimasi liabilitas benefits, estimated claim liabilities, and
klaim, dan premi yang belum merupakan unearned premium income. The Subsidiary
pendapatan. Entitas Anak menggunakan uses Gross Premium Reserve method in
metode Gross Premium Reserve yang calculating liability for future policy benefits
menghitung liabilitas manfaat polis masa which are based on best estimate assumptions
depan berdasarkan asumsi estimasi terbaik and margin for adverse risk.
dan marjin atas risiko pemburukan.
f. Aset Pajak Tangguhan f. Deferred Tax Asset
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for the
penghasilan terpulihkan (recoverable) pada future recoverable taxable income arising from
periode mendatang sebagai akibat perbedaan temporary difference. Management judgment
temporer yang boleh dikurangkan. Justifikasi is required to determine the amount of
manajemen diperlukan untuk menentukan deferred tax assets that can be recognized,
jumlah aset pajak tangguhan yang dapat based upon the likely timing on level of future
diakui, sesuai dengan waktu yang tepat dan taxable profits together with future strategic
tingkat laba fiskal di masa mendatang sejalan planning.
dengan strategi rencana perpajakan ke depan.
g. Revaluasi Aset Tetap g. Fixed Asset Revaluation

Revaluasi aset tetap Bank bergantung pada The Bank’s fixed assets revaluation depends
pemilihan asumsi yang digunakan oleh penilai on its selection of certain assumptions used by
independen dalam menghitung jumlah-jumlah the independent appraisal in calculating such
tersebut. Asumsi tersebut termasuk antara amounts. Those assumptions include among
lain: tingkat diskonto, nilai tukar, tingkat inflasi others, discount rate, exchange rate, inflation
dan tingkat kenaikan pendapatan dan biaya. rate and revenue and cost increase rate. The
Bank berkeyakinan bahwa asumsi tersebut Bank believes that its assumptions are
adalah wajar dan sesuai, perbedaan signifikan reasonable and appropriate and significant
dalam asumsi yang ditetapkan Bank dapat differences in the Bank’s assumptions may
mempengaruhi secara material nilai aset tetap materially affect the valuation of its fixed
yang direvaluasi. assets.
h. Konsolidasian Entitas Terstruktur h. Consolidation of Structured Entities
Dalam menentukan tingkat pengendalian yang In determining the degree of control exercised,
dimiliki, Grup mempertimbangkan apakah the Group considers whether these entities
entitas tersebut memenuhi definisi Entitas meet the definition of Structured Entities and
Terstruktur dan apakah Grup, secara whether the Group, in substance, controls
substansi, mengendalikan entitas tersebut. such entities.
Ketika Grup, secara substansi, mengendalikan When the Group, in substance, controls the
entitas terstruktur tersebut, entitas tersebut entity to which the financial assets have been
dikonsolidasikan oleh Grup. transferred, the entity is consolidated by the
Group.
114
2020 Annual Report

(lanjutan)
i. Menentukan jangka waktu kontrak dengan i. Determine the contract term with extension
opsi perpanjangan dan penghentian and contract termination options - the
kontrak - Grup sebagai lessee Group as lessee
Grup menentukan jangka waktu sewa sebagai The Group determines the lease term as non-
jangka waktu sewa yang tidak dapat cancellable term, together with the period
dibatalkan, bersama dengan periode yang covered by the option to extend the lease if it is
dicakup oleh opsi untuk memperpanjang masa determined to be exercised, or any period
sewa jika dipastikan akan dilaksanakan, atau covered by the option to terminate the lease, if
periode apa pun yang dicakup oleh opsi untuk it is reasonably certain not to be exercised.
menghentikan sewa, jika cukup wajar untuk
tidak dilakukan.
Grup memiliki beberapa kontrak sewa yang The Group has several lease contracts that
mencakup opsi perpanjangan dan penghentian include extension and contract termination in
jangka waktu sewa. Grup menerapkan the lease terms. The Group applies its
penilaian dalam mengevaluasi apakah dapat judgment in evaluating whether it is certain to
dipastikan jika akan menggunakan opsi untuk exercise the option to extend or terminate the
memperpanjang atau menghentikan sewa. Hal lease. This is done by considering all relevant
tersebut dilakukan dengan mempertimbangkan facts and circumstances that provide economic
seluruh fakta dan keadaan yang relevan yang incentives to extend or terminate the lease.
memberikan insentif ekonomi untuk melakukan After the commencement date, the Group
perpanjangan atau penghentian sewa. Setelah reassesses the lease term, if there is a
tanggal dimulainya, Grup menilai kembali significant event or change in circumstances
masa sewa, jika terdapat peristiwa atau which is under its control and affects whether
perubahan signifikan dalam keadaan yang the lessee is certain enough to exercise the
berada dalam kendali dan mempengaruhi option to extend or terminate the lease.
apakah lessee cukup pasti untuk
mengeksekusi opsi memperpanjang atau
menghentikan sewa.
l. Penurunan nilai aset non-keuangan l. Impairment of non-financial assets
Grup mengevaluasi penurunan nilai aset The Group assesses impairment of assets
apabila terdapat kejadian atau perubahan whenever events or changes in circumstances
keadaan yang mengindikasikan bahwa nilai that would indicate that the carrying amount of
tercatat aset tidak dapat dipulihkan kembali. an asset may not be recoverable. The factors
Faktor-faktor penting yang dapat that the Group considers important which
menyebabkan penelaahan penurunan nilai could trigger an impairment review include the
adalah sebagai berikut: following:
a) Performa yang tidak tercapai secara a) significant underperformance relative to

signifikan terhadap ekspektasi historis expected historical or projected future
atau proyeksi hasil operasi di masa operating results;
yang akan datang;
b) perubahan yang signifikan dalam cara b) significant changes in the manner of use
penggunaan aset atau strategi bisnis of the acquired assets or the strategy for
secara keseluruhan; dan overall business; and
c) industri atau tren ekonomi yang secara c) significant negative industry or economic
signifikan bernilai negatif. trends.
115
2020 Annual Report

(lanjutan)
l. Penurunan nilai aset non-keuangan l. Impairment of non-financial assets

Grup mengakui kerugian penurunan nilai The Group recognizes an impairment loss
apabila nilai tercatat aset melebihi nilai yang whenever the carrying amount of an asset
dapat dipulihkan. Jumlah terpulihkan adalah exceeds its recoverable amount. The
nilai yang lebih tinggi antara nilai wajar recoverable amount is the higher of an asset’s
dikurang biaya untuk menjual dengan nilai (or cash-generating unit’s) fair value less costs
pakai aset (atau unit penghasil kas). Jumlah to sell and its value in use. Recoverable
terpulihkan diestimasi untuk aset individual amounts are estimated for individual assets
atau, jika tidak memungkinkan, untuk unit or, if it is not possible, for the cash-generating
penghasil kas yang mana aset tersebut unit to which the asset belongs.
merupakan bagian daripada unit tersebut.
4. KAS 4. CASH
Kas terdiri dari: Cash consists of the following:
2020 2019
Rupiah 16,592,216 14,367,432 Rupiah

Mata uang asing Foreign currencies
Dolar Amerika Serikat 343,061 440,773 United States Dollar
Dolar Singapura 166,853 267,195 Singapore Dollar
Dolar Australia 71,522 92,461 Australian Dollar
Euro Eropa 56,511 62,068 European Euro
Real Arab Saudi 37,434 17,415 Saudi Arabian Real
Yen Jepang 19,414 13,851 Japanese Yen
Dolar Hong Kong 12,033 17,413 Hong Kong Dollar
Ringgit Malaysia 6,001 14,881 Malaysian Ringgit
Pound Sterling Inggris 5,643 5,717 Great Britain Pound Sterling
Franc Swiss 4,513 4,957 Swiss Franc
Yuan China 3,566 51,833 Chinese Yuan
Dirham Uni Emirat Arab 1,635 1,306 United Arab Emirates Dirham
Dolar Brunei 1,051 743 Brunei Dollar
Dolar Taiwan 955 766 Taiwan Dollar
Baht Thailand 616 261 Thailand Baht
Dolar Kanada 597 1,470 Canadian Dollar
Won Korea Selatan 423 1,161 South Korean Won
Dolar Selandia Baru 3 - New Zealand Dollar
731,831 994,271
Total 17,324,047 15,361,703 Total
Saldo dalam mata uang Rupiah termasuk uang The Rupiah balance includes cash in ATMs
pada mesin ATM (Anjungan Tunai Mandiri) (Automatic Teller Machines) of Rp5,870,004 and
sejumlah Rp5.870.004 dan Rp5.128.784 masing- Rp5,128,784 as of 31 December 2020 and
masing pada tanggal 31 Desember 2020 dan 2019. 2019, respectively.
116
2020 Annual Report
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
2020 2019
Rupiah 29,444,216 28,887,303 Rupiah

Dolar Amerika Serikat 5,621,485 8,216,788 United States Dollar
Total 35,065,701 37,104,091 Total
Bank dan Entitas Anak dipersyaratkan untuk The Bank and Subsidiaries are required to maintain
memiliki Giro Wajib Minimum (GWM) dalam mata minimum statutory reserves (GWM) in Rupiah for
uang Rupiah dalam kegiatannya sebagai bank conventional and sharia banking and statutory
umum dan syariah, serta GWM dalam mata uang reserves in foreign currencies for foreign exchange
asing dalam kegiatannya melakukan transaksi transactions.
mata uang asing.
BNI BNI
Pada tanggal 31 Desember 2020 dan 2019, Giro As of 31 December 2020 and 2019, the Bank's
Wajib Minimum (GWM) Bank telah sesuai dengan Minimum Statutory Reserve complies with Bank
Peraturan Bank Indonesia (PBI) No.15/15/PBI/2013 Indonesia (BI) Regulation No. 15/15/PBI/2013
tanggal 24 Desember 2013 tentang Giro Wajib dated 24 December 2013 which have been further
Minimum Bank Umum Dalam Rupiah dan Valuta amended with PBI No. 18/3/PBI/2016 dated 10
Asing Bagi Bank Umum Konvensional March 2016, PBI No. 18/14/PBI/2016 dated 18
sebagaimana telah diubah beberapa kali dengan August 2016, PBI No. 19/6/PBI/2017 dated 17 April
PBI No.18/3/PBI/2016 tanggal 10 Maret 2016, PBI 2017, PBI No. 20/3/PBI/2018 dated 29 March 2018
No.18/14/PBI/2016 tanggal 18 Agustus 2016, PBI and Regulation of Members of The Board of
No. 19/6/PBI/2017 tanggal 17 April 2017, PBI No. Governors (PADG) No.20/30/PADG/2018 dated 30
20/3/PBI/2018 tanggal 29 Maret 2018 dan November 2018, No. 21/14/PADG/2019 dated 26
Peraturan Anggota Dewan Gubernur (PADG) No. June 2019, No. 21/27/PADG/2019 dated 26
20/30/PADG/2018 tanggal 30 November 2018, No. December 2019, No. 22/2/PADG/2020 dated 13
21/14/PADG/2019 tanggal 26 Juni 2019, No. March 2020, No. 22/10/PADG/2020 dated 30 April
21/27/PADG/2019 tanggal 26 Desember 2019, No. 2020 concerning Minimum Statutory Reserve of
22/2/PADG/2020 tanggal 13 Maret 2020, No. Commercial Banks with BI in Rupiah and foreign
22/10/PADG/2020 tanggal 30 April 2020 yang currency, which are as follows:
masing-masing sebesar:
2020 2019
Rupiah Rupiah
- GWM Primer 3.50% 6.00% Primary Minimum Statutory Reserve -
Harian*) 0.50% 3.00% Daily*)
Rata-rata*) 3.00% 3.00% Average*)
- PLM**) 6.00% 4.00% PLM**) -
Mata uang asing***) 4.00% 8.00% Foreign Currencies
*) Mulai berlaku per 1 Mei 2020 *) Effective on 1 May 2020

**) Per 16 Juli 2018, berdasarkan PBI No. 20/4PBI/2018 tanggal 29 Maret **) As of 16 July 2018, based on PBI No. 20/4/PBI/ 2018 dated 29 March
2018, istilah GWM Sekunder berubah menjadi PLM (Penyangga 2018, the term GWM Secondary changed to PLM (Macroprudential
Likuiditas Makroprudensial) dan GWM LFR berubah menjadi RIM Liquidity Buffer) and the LFR GWM secondary was changed to RIM
(Rasio Intermediasi Makroprudensial) (Macroprudential Intermediation Ratio)
***) Per 16 Maret 2020, berdasarkan PADG Nomor 22/2/PADG/2020 ***) As of 16 March 2020, based on PADG No. 22/2/PADG/2020 dated
tanggal 13 Maret 2020. Penyesuaian kebijakan pengaturan GWM 13 March 2020. Adjusting the statutory reserve requirement policy by
dengan menurunkan GWM Valuta Asing untuk Bank Umum lowering the foreign exchange reserve requirement for Bank Umum
Konvensional (BUK) sebesar 400 bps dari 8% (delapan persen) menjadi Kovensional (BUK) by 400 bps from 8% (eight percent) to 4% (four
4% (empat persen) percent)
117
2020 Annual Report
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
GWM Primer adalah simpanan minimum yang Primary Minimum Statutory Reserve is a minimum
wajib dipelihara oleh Bank dalam bentuk saldo reserve that should be maintained by the Bank in
Rekening Giro pada Bank Indonesia. GWM Current Accounts with Bank Indonesia. Secondary
Sekunder dan Penyangga Likuiditas Minimum Statutory Reserve and Macroprudential
Makroprudensial (PLM) adalah cadangan minimum Liquidity Buffer are the minimum reserves that
yang wajib dipelihara oleh Bank berupa SBI, Surat should be maintained by the Bank which comprised
Utang Negara (SUN), Surat Berharga Syariah of Certificates of Bank Indonesia (SBI),
Negara (SBSN) dan/atau excess reserve yang Government Debenture Debt (SUN), Sharia
merupakan kelebihan saldo Rekening Giro Rupiah Government Securities (SBSN), and/or excess
Bank dari GWM Primer, GWM LFR dan Rasio reserve which represent the excess reserve of the
Intermediasi Makroprudensial (RIM). GWM LFR Bank’s Current Accounts in Rupiah over the
dan RIM adalah tambahan simpanan minimum Primary Minimum Statutory Reserve, Minimum
yang wajib dipelihara oleh Bank dalam bentuk Statutory Reserve on LFR and Macroprudential
saldo Rekening Giro pada Bank Indonesia, jika Intermediation Ratio (RIM). Minimum Statutory
LFR dan RIM Bank dibawah minimum LFR dan Reserve on LFR and RIM is the additional reserve
RIM target Bank Indonesia (84%) atau jika di atas that should be maintained by the Bank in the form
maksimum LFR dan RIM target BI (94%) dan of Current Accounts with Bank Indonesia, if the
Kewajiban Penyediaan Modal Minimum (KPMM) Bank’s LFR and RIM is below the minimum of LFR
Bank lebih kecil dari KPMM Insentif BI sebesar and RIM targeted by Bank Indonesia (84%) or if the
14%. Bank’s LFR and RIM is above the maximum of LFR
and RIM targeted by BI (94%) and the Capital
Adequacy Ratio (CAR) is below BI requirement of
14%.
Rasio Giro Wajib Minimum untuk rekening Rupiah The ratio of the Minimum Statutory Reserve
dan mata uang asing (BNI saja) pada tanggal requirement (BNI only) for its Rupiah and foreign
31 Desember 2020 dan 2019 masing-masing currencies accounts as of 31 December 2020 and
sebesar: 2019, are as follows:
2020 2019
Rupiah Rupiah
- GWM Primer 5.43% 6.70% Primary Minimum Statutory Reserve -
Harian 0.50% 3.00% Daily
Rata-rata 4.93% 3.70% Average
- PLM 12.09% 11.42% PLM -
Mata uang asing 4.01% 8.01% Foreign currencies
BNI telah memenuhi ketentuan Bank Indonesia BNI has complied with the Bank Indonesia
tentang GWM per tanggal-tanggal 31 Desember regulations regarding the GWM as of December
2020 dan 2019. 31, 2020 and 2019.
BNI Syariah BNI Syariah

Rasio Giro Wajib Minimum (GWM) untuk rekening The Ratio of Minimum Statutory Reserve
Rupiah dan mata uang asing pada tanggal-tanggal Requirement (“GWM”) for its Rupiah and foreign
31 Desember 2020 dan 2019 adalah sebagai currencies as of 31 December 2020 and
berikut: 2019, are as follows:
2020 2019
Rupiah 3.25% 5.12% Rupiah
Mata uang asing 1.36% 1.26% Foreign currencies
118
2020 Annual Report
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK INDONESIA
(continued)
BNI Syariah (lanjutan) BNI Syariah (continued)
Sesuai dengan Peraturan Anggota Dewan Based on Members of the Board of Governors
Gubernur No. 22/10/PADG/2020 tentang Regulation No. 22/10/PADG/2020 regarding the
Perubahan Kelima atas PADG Fifth Amendment to PADG No. 20/10/PADG/2018
No. 20/10/PADG/2018 tentang Giro Wajib Minimum regarding Minimum Statutory Reserve
dalam Rupiah dan Valuta Asing bagi Bank Umum Requirements in Rupiah and Foreign Currencies of
Konvensional, Bank Umum Syariah, dan Unit Commercial Banks, Sharia Banks and Sharia
Usaha Syariah tanggal 30 April 2020, setiap Bank Business Unit dated 30 April 2020, each Bank is
diwajibkan memelihara GWM dalam rupiah dan required to maintain Minimum Statutory Reserve
valuta asing yang besarnya ditetapkan masing- Requirements (GWM) in Rupiah and foreign
masing sebesar 3,5% (dengan pemenuhan GWM currencies equivalent to 3.5% (with fulfillment of the
harian 0,5% dan GWM rata-rata 3%) dan Peraturan daily Minimum Statutory Reserves Requirements of
Bank Indonesia No. 20/3/PBI/2018 tentang Giro 0.5% and 3% at the average) and Bank Indonesia
Wajib Minimum Dalam Rupiah dan Valuta Asing Regulation No. 20/3/PBI/2018 concerning Minimum
Bagi Bank Umum Konvensional, Bank Umum Statutory Reserves in Rupiahs and Foreign
Syariah, dan Unit Usaha Syariah tanggal 29 Maret Currencies for Conventional Commercial Banks,
2018 serta 1% dari Dana Pihak Ketiga dalam Sharia Commercial Banks and Sharia Business
rupiah dan valuta asing. Units dated 29 March 2018 and 1% of Third Party
Funds in rupiah and foreign currencies.
Berdasarkan Peraturan Anggota Dewan Gubernur Based on Regulation of Members of the Board of
No 22/4/PADG/2020 Tentang Pelaksanaan Governors No. 22/4/PADG/2020 Regarding the
Peraturan Bank Indonesia No 22/4/PBI/2020 Implementation of Bank Indonesia Regulation
Tentang Insentif Bagi Bank Yang Memberikan No 22/4/PBI/2020 Regarding Incentives for
Penyediaan Dana Untuk Kegiatan Ekonomi Banks Providing Funds for Certain Economic
Tertentu Guna Mendukung Penanganan Dampak Activities to Support the Handling of the Economic
Perekonomian Akibat Wabah Virus Corona tanggal Impacts of the Corona Virus Outbreak dated 15
15 April 2020, besaran insentif kelonggaran atas April, 2020, the amount of allowance incentives for
kewajiban pemenuhan GWM dalam rupiah yang the fulfillment of Statutory Reserves in rupiah which
wajib dipenuhi secara harian ditetapkan sebesar must be fulfilled daily is set at 0.5%.
0,5%.
Saldo giro pada Bank Indonesia disediakan untuk The balance of current accounts with Bank
memenuhi persyaratan GWM dari Bank Indonesia. Indonesia is provided to meet GWM from Bank
Indonesia.
BNI Syariah telah memenuhi ketentuan Bank BNI Syariah has complied with the Bank Indonesia
Indonesia tentang GWM per tanggal-tanggal regulations regarding the GWM as of
31 Desember 2020 dan 2019. 31 December 2020 and 2019.
BNI Syariah menempatkan dana pada Bank BNI Syariah placed its fund with Bank Indonesia
Indonesia dengan rata-rata tingkat bonus tahunan with average annual bonuses as follows:
sebagai berikut:
2020 2019
Deposit Facility Bank Indonesia Bank Indonesia Sharia Deposit
Syariah 3.50% 4.88% Facilities
Sertifikat Bank Indonesia Syariah 4.88% 6.36% Bank Indonesia Sharia Certificate
Deposito Berjangka Syariah Bank Indonesia 0.57% 2.32% Bank Indonesia Sharia Term Deposit
119
2020 Annual Report
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
2020 2019
Rupiah 732,013 562,482 Rupiah

Yen Jepang 1,519,795 2,387,451 Japanese Yen
Yuan China 808,980 1,192,255 Chinese Yuan
Euro Eropa 603,234 5,051,685 European Euro
Real Arab Saudi 194,906 173,697 Saudi Arabian Real
Won Korea Selatan 30,617 9,508 South Korean Won
Dolar Kanada 18,727 21,232 Canadian Dollar
Ringgit Malaysia 2,818 14,763 Malaysian Ringgit
Baht Thailand 2,344 2,329 Thailand Baht
Dirham Uni Emirat Arab 1,086 6,996 United Arab Emirates Dirham
15,381,853 14,402,311
Total 16,113,866 14,964,793 Total
Cadangan kerugian Allowance for
penurunan nilai (6,078) (2,000) impairment losses
Neto 16,107,788 14,962,793 Net
b. Berdasarkan hubungan b. By relationship
2020 2019
Pihak berelasi Related parties
Mata uang asing 461,764 597,331 Foreign currencies
Total pihak berelasi 473,708 598,915 Total related parties
Pihak ketiga Third parties

Mata uang asing 14,920,089 13,804,980 Foreign currencies
Total pihak ketiga 15,640,158 14,365,878 Total third parties
Total 16,113,866 14,964,793 Total

Neto 16,107,788 14,962,793 Net
c. Berdasarkan kolektibilitas Bank Indonesia c. By Bank Indonesia collectibility

Seluruh giro pada bank lain pada tanggal- All current accounts with other banks as of
tanggal 31 Desember 2020 dan 2019 31 December 2020 and 2019 are classified as
diklasifikasikan lancar. current.
120
2020 Annual Report
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
d. Nilai tercatat bruto dan cadangan kerugian d. Gross carrying amount and allowance for
penurunan nilai impairment losses
Perubahan nilai tercatat bruto adalah sebagai Movements in the gross carrying amount are
berikut: as follows:
2020
Kerugian Kerugian
kredit kredit
ekspektasian ekspektasian
sepanjang sepanjang
umurnya - umurnya -
Kerugian kredit tidak kredit
kredit memburuk/ memburuk/
ekspektasian Lifetime ECL Lifetime ECL
12 bulan/12- Not Credit- Credit-
month ECL impaired impaired Syariah/Sharia Total/Total
Current accounts with

Giro pada bank lain other banks
Nilai tercatat 1 Januari 12,676,455 2,088,339 - 199,997 14,964,791 Balance at 1 January

Transfers from credit Transfers from credit
impaired financial assets 679,178 (679,178) - - - impaired financial assets
Pengukuran kembali bersih Net remeasurement of loss
penyisihan kerugian 9,567,965 (3,446) - 406,829 9,971,348 allowance
Aset keuangan baru yang New financial assets
diterbitkan atau dibeli 16,232,856 - - - 16,232,856 originated or purchased
Pembayaran kembali (24,585,116) - - - (24,585,116) Repayment

Valuta asing dan perubahan Foreign exchange and
lain 935,702 (1,405,715) - - (470,013) other movements
Nilai tercatat 31 Desember 15,507,040 - - 606,826 16,113,866 Balance at 31 December
Perubahan cadangan kerugian penurunan nilai The movements in the allowance for
adalah sebagai berikut: impairment losses are as follows:
2020
Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -

Giro pada bank lain other banks
Saldo 1 Januari 508 - - 2,000 2,508 Balance at 1 January
Pengalihan ke Transfer to:

- Kerugian kredit ekspektasian
12 bulan 1 (1) - - - 12-month ECL-
121
2020 Annual Report
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
penurunan nilai (lanjutan) impairment losses (continued)
2020
Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -

sepanjang umurnya – tidak Lifetime ECL not credit-
mengalami penurunan nilai (1) 1 - - - impaired -
sepanjang umurnya – Lifetime ECL credit-impaired
mengalami penurunan nilai 6 - - - 6 -
penyisihan kerugian (489) - - 4,069 3,580 allowance
diterbitkan atau dibeli 22 - - - 22 originated or purchased
Pembayaran kembali (36) - - - (36) Repayment

lain (2) - - - (2) other movements
Saldo 31 Desember 9 - - 6,069 6,078 Balance at 31 December
Perubahan penyisihan kerugian 2019 The 2019 Allowance for losses based on SFAS
berdasarkan PSAK No. 55. No. 55.
2019
Saldo awal 3,271 Beginning balance
Pembalikan selama tahun berjalan (1,002) Reversal during the year
Penyesuaian karena penjabaran Foreign exchange translation
laporan keuangan (269) adjustment
Saldo akhir 2,000 Ending balance
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai atas giro impairment losses on current accounts with
pada bank lain telah memadai. other bank is adequate.
e. Tingkat suku bunga per tahun e. Annual interest rates

Dolar
Amerika Serikat/ Yuan China/
United States Dollar Chinese Yuan
% %
2020 0.01 - 0.15 2.00 2020

2019 0.01 - 2.50 2.50 2019
Giro pada bank lain selain dalam mata uang Current accounts with other banks stated in
Dolar Amerika Serikat dan Yuan China tidak currency other than United States Dollar and
mendapat bunga. Chinese Yuan do not earn interest.
122
2020 Annual Report
7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENTS WITH OTHER BANKS AND
INDONESIA BANK INDONESIA
a. Berdasarkan jenis dan mata uang a. By type and currency
2020 2019
Rupiah Rupiah
Bank Indonesia - Deposit Facility 29,041,929 20,806,459 Bank Indonesia - Deposit Facility
Call Money Call Money
PT Bank Mega Tbk 250,000 670,000 PT Bank Mega Tbk
Bank of America Jakarta 100,000 - Bank of America Jakarta
PT Bank CTBC Indonesia 20,000 100,000 PT Bank CTBC Indonesia
PT Bank OCBC NISP Tbk - 350,000 PT Bank OCBC NISP Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk - 559,400 (Persero) Tbk
PT Bank Danamon Indonesia Tbk - 500,000 PT Bank Danamon Indonesia Tbk
PT Bank HSBC Indonesia - 500,000 PT Bank HSBC Indonesia
PT Bank BTPN SMBC Grup - 400,000 PT Bank BTPN SMBC Grup
PT Bank ICBC Indonesia - 300,000 PT Bank ICBC Indonesia
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Tengah - 250,000 Jawa Tengah
PT Bank Nationalnobu Tbk - 215,000 PT Bank Nationalnobu Tbk
Daerah Istimewa Yogyakarta - 200,000 Daerah Istimewa Yogyakarta
PT Bank DKI - 200,000 PT Bank DKI
Jawa Timur Tbk - 160,000 Jawa Timur Tbk
Bank of China (Hong Kong) Limited Bank of China (Hong Kong) Limited
Cabang Jakarta - 125,000 Jakarta branch
PT Bank Pembangunan Daerah - PT Bank Pembangunan Daerah
Jambi - 100,000 Jambi
PT Bank Bukopin Tbk - 79,800 PT Bank Bukopin Tbk
PT Bank China Construction Bank PT Bank China Construction Bank
Indonesia Tbk - 50,000 Indonesia Tbk
Lain-lain 106,000 50,900 Others
Subtotal 476,000 4,810,100 Subtotal
Negotiable Certificate of Deposit Negotiable Certificate of Deposit

PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 194,666 - (Persero) Tbk
PT Bank Maybank Indonesia Tbk 98,548 - PT Bank Maybank Indonesia Tbk
Jawa Barat dan Banten Tbk 89,816 93,066 Jawa Barat dan Banten Tbk
PT Bank Commonwealth 69,692 - PT Bank Commonwealth
Jawa Tengah - 98,672 Jawa Tengah
Kalimantan Timur dan Kalimantan Timur dan
Kalimantan Utara - 20,266 Kalimantan Utara
Subtotal 452,722 212,004 Subtotal
Deposito berjangka 835,416 634,048 Time deposits
30,806,067 26,462,611
123
2020 Annual Report
INDONESIA (lanjutan) BANK INDONESIA (continued)
a. Berdasarkan jenis dan mata uang (lanjutan) a. By type and currency (continued)
2020 2019

Bank Indonesia - Deposit Facility 28,522,164 19,186,271 Bank Indonesia - DepositFacility
Call Money Call Money
San In Godo Bank, Tokyo 126,450 124,943 San In Godo Bank, Tokyo
KEB Hana Bank, Seoul - 680,243 KEB Hana Bank, Seoul
Woori Bank, Seoul - 249,885 Woori Bank, Seoul
Standard Chartered Bank, London - 215,179 Standard Chartered Bank, London
Lain-lain 572,538 - Others
Subtotal 698,988 1,270,250 Subtotal
Deposito berjangka Time deposits
KEB Hana Bank, Seoul 694,908 162,270 KEB Hana Bank, Seoul
Bank of Nova Scotia Hong Kong 281,000 - Bank of Nova Scotia Hong Kong
The Chugoku Bank Limited, The Chugoku Bank Limited,
Hong Kong 210,750 277,650 Hong Kong
Mizuho Bank Ltd,. Hong Kong 63,225 59,825 Mizuho Bank Ltd. Hong Kong
BNP Paribas 1,483 BNP Paribas
KB Kookmin Bank, Seoul - 168,280 KB Kookmin Bank, Seoul
DZ Bank AG, Singapore - 138,825 DZ Bank AG, Singapore
Jawa Barat dan Banten Tbk - 28,914 Jawa Barat dan Banten Tbk
Shinhan Bank, Seoul - 20,434 Shinhan Bank, Seoul
Lain-lain 52,330 - Others
Subtotal 1,302,213 857,681 Subtotal
30,523,365 21,314,202
Total 61,329,432 47,776,813 Total
penurunan nilai (173) (4) impairment losses
Neto 61,329,259 47,776,809 Net
Perincian penempatan pada bank lain dan Placements with other banks and Bank
Bank Indonesia berdasarkan mata uang Indonesia based on currencies are as follows:
adalah sebagai berikut:
2020 2019
Rupiah 30,806,067 26,462,611 Rupiah

Yuan China - 59,825 Chinese Yuan
30,523,365 21,314,202
Total 61,329,432 47,776,813 Total
Neto 61,329,259 47,776,809 Net
124
2020 Annual Report
2020 2019

Rupiah Rupiah
Call Money 194,666 575,300 Call Money
Negotiable Certificate of Deposit - - Negotiable Certificate of Deposit
680,728 821,757
Deposito berjangka 14,105 - Time deposits

Rupiah Rupiah
Call Money 281,335 4,234,800 Call Money
Negotiable Certificate Deposit 452,723 212,004 Negotiable Certificate Deposit
30,125,339 25,640,854
Call Money 698,988 1,270,250 Call Money
Deposito berjangka 1,288,108 857,681 Time deposits
30,509,260 21,314,202
Total 61,329,432 47,776,813 Total
Neto 61,329,259 47,776,809 Net
c. Berdasarkan kolektibilitas Bank Indonesia c. By Bank Indonesia collectibility
Seluruh penempatan pada bank lain dan Bank All placements with other banks and Bank
Indonesia pada tanggal-tanggal 31 Desember Indonesia as of 31 December 2020 and
2020 dan 2019 diklasifikasikan sebagai lancar. 2019 are classified as current.
125
2020 Annual Report
2020
Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Penempatan pada bank lain Current accounts with

dan Bank Indonesia other banks
Nilai tercatat 1 Januari 47,776,813 - - - 47,776,813 Balance at 1 January

Pengukuran kembali bersih Net remeasurement of
penyisihan kerugian (70,587,880) - - - (70,587,880) loss allowance
lain (447,494,107) - - - (447,494,107) other movements
Nilai tercatat 31 Desember 61,329,432 - - - 61,329,432 Balance at 31 December
2020
Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Penempatan pada bank lain Current accounts with

dan Bank Indonesia other banks
Saldo 1 Januari 147 - - - 147 Balance at 1 January

penyisihan kerugian (731) - - - (731) loss allowance
126
2020 Annual Report
2020
Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -

Valuta asing dan perubahan Foreign exchange and other
lain (74) - - - (74) movements
Saldo 31 Desember 173 - - - 173 Balance at 31 December
Perubahan penyisihan kerugian 2019 The 2019 Allowance for losses based on
berdasarkan PSAK No. 55. SFAS No. 55.
2019
Saldo awal 15 Beginning balance

Pembalikan selama tahun berjalan (11) Reversal during the year
Saldo akhir 4 Ending balance
cadangan kerugian penurunan nilai di atas impairment losses is adequate.
telah memadai.
e. Penempatan pada bank lain yang e. Placements with other banks pledged as
digunakan sebagai jaminan collateral
Tidak terdapat penempatan pada bank lain There were no placements with other banks
yang digunakan sebagai jaminan pada tanggal pledged as collateral as of 31 December 2020
31 Desember 2020 dan 2019. and 2019.
f. Tingkat suku bunga per tahun f. Annual interest rates

Dolar
Amerika Serikat/
United States Won Korea/ Yuan China/
Rupiah Dollar Korean Won Chinese Yuan
% % % %
2020 3.00 - 10.00 0.05 - 1.80 0.50 - 0.80 0.00 2020

2019 4.25 - 10.00 0.00 - 3.50 0.00 - 1.70 0.50 2019
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain selain dalam mata uang Rupiah, Dolar banks stated in currency other than Rupiah,
Amerika Serikat, Won Korea Selatan dan Yuan United States Dollar, South Korean Won and
China tidak mendapat bunga. Chinese Yuan do not earn interest.
127
2020 Annual Report
8. EFEK-EFEK 8. MARKETABLE SECURITIES

2020
Nilai Nilai
nominal/ tercatat/
Nominal Carrying
value value
Nilai wajar melalui Fair value through profit

laba rugi or loss
Rupiah Rupiah
Reksadana 6,389,251 6,391,232 Mutual funds
Obligasi 523,025 524,673 Bonds
Efek lainnya 266,410 266,410 Other securites
7,178,686 7,182,315
Reksadana 28,799 29,443 Mutual funds
Total nilai wajar melalui Total fair value through
laba rugi 7,207,485 7,211,758 profit or loss
Nilai wajar melalui Fair value through other

penghasilan komprehensif lain comprehensive income
Rupiah Rupiah
Obligasi 7,329,800 7,567,361 Bonds
Obligasi subordinasi 605,300 625,219 Subordinated bonds
Efek beragunan aset 158,380 161,430 Asset backed security
11,045,882 11,310,195

3,997,827 4,104,148
Total nilai wajar melalui penghasilan Total fair value through
komprehensif lain 15,043,709 15,414,343 other comprehensive income
Biaya perolehan diamortisasi Amortized cost

Rupiah Rupiah
Obligasi 7,365,813 7,320,715 Bonds
Total biaya perolehan

diamortisasi 7,365,813 7,320,715 Total amortized cost
Total efek-efek 29,946,816 Total marketable securities

Cadangan kerugian Allowance for impairment
penurunan nilai (260,219) losses
Efek-efek - neto 29,686,597 Marketable securities - net
128
2020 Annual Report
8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)

2019
Nilai Nilai
nominal/ tercatat/
Nominal Carrying
value value
Nilai wajar melalui Fair value through profit

laporan laba rugi or loss
Rupiah Rupiah
Obligasi 2,296,932 2,298,525 Bonds
Efek lainnya 758,290 758,290 Other securites
8,587,097 8,590,914
Reksadana 55,114 55,061 Mutual funds
Total nilai wajar melalui laporan Total fair value through

Tersedia untuk dijual Available-for-sale

Rupiah Rupiah
Obligasi 7,472,474 7,528,483 Bonds
Sertifikat Bank Indonesia 3,446,303 3,446,303 Certificates of Bank Indonesia
Efek beragunan aset 242,096 242,096 Asset backed security
13,812,409 12,941,512
4,270,131 4,175,663
Total tersedia untuk dijual 18,082,540 17,117,175 Total available-for-sale
Dimiliki hingga jatuh tempo Held-to-maturity

Rupiah Rupiah
Obligasi 1,677,249 1,676,770 Bonds

Total dimiliki
hingga jatuh tempo 1,684,190 1,683,720 Total held-to-maturity
Total efek-efek 28,408,941 27,446,870 Total marketable securities

Perincian efek-efek berdasarkan mata uang Marketable securities based on currencies are
adalah sebagai berikut: as follow:
2020 2019
Rupiah 25,813,225 23,209,196 Rupiah

Total 29,946,816 27,446,870 Total
Neto 29,686,597 27,161,751 Net
129
2020 Annual Report
2020 2019

Rupiah 7,105,927 6,775,915 Rupiah
Total pihak berelasi 7,458,258 7,280,770 Total related parties

Rupiah 18,707,298 16,433,281 Rupiah
Total 29,946,816 27,446,870 Total

Neto 29,686,597 27,161,751 Net
c. Berdasarkan penerbit c. By issuer
2020 2019
Korporasi 18,860,972 18,465,627 Corporates

Bank 4,509,531 5,534,940 Banks
Bank Indonesia 6,576,313 3,446,303 Bank Indonesia
Total 29,946,816 27,446,870 Total

Neto 29,686,597 27,161,751 Net
d. Berdasarkan peringkat d. By rating

31 Desember/December 2020
Pemeringkat/ Peringkat/ Nilai tercatat/
Agencies Rating Carrying Value
Nilai wajar melalui

laba rugi Fair value through profit or loss
Rupiah Rupiah
Reksadana - - 6,391,232 Mutual funds
Obligasi Pefindo (AA-) - (AAA) 524,673 Bonds
Efek lainnya Pefindo (A+) - (AAA) 266,410 Other securities
7,182,315

Reksadana - 29,443 Mutual funds
laba rugi 7,211,758 profit or loss
130
2020 Annual Report
d. Berdasarkan peringkat (lanjutan) d. By rating (continued)
Nilai wajar melalui penghasilan Fair value through other

komprehensif lain comprehensive income
Rupiah Rupiah
Obligasi subordinasi Pefindo (A-) - (AA+) 625,219 Subordinated bonds
Efek beragunan aset Pefindo idAAA(sf) 161,430 Asset backed security
Obligasi Bonds
PT Hutama Karya HUTAMA2027 Pefindo idAAA 385,597 PT Hutama Karya HUTAMA2027
PT Semen Indonesia SMGRIJ-2024 Pefindo idAA 313,119 PT Semen Indonesia SMGRIJ-2024
Bank Tabungan Negara BTN-8.7C/24 Pefindo idAA+ 273,007 Bank Tabungan Negara BTN-8.7C/24
Bank Tabungan Negara BTN-8.5B/22 Pefindo idAA+ 259,825 Bank Tabungan Negara BTN-8.5B/22
Bank CIMB Niaga BNGAIJ-2022 Pefindo idAAA 216,159 Bank CIMB Niaga BNGAIJ-2022
PLN III THP III 9.1 2024 PLNIJ-2024 Pefindo idAAA 215,978 PLN III THP III 9.1 2024 PLNIJ-2024
Bank JABAR I Tahap I BJB-2021 Pefindo idAA- 204,106 Bank JABAR I Tahap I BJB-2021
Bank Mandiri Thp I th 2016 Seri C Pefindo AAA 196,196 Bank Mandiri Thp I th 2016 Seri C
Bank Rakyat Indonesia BRI-8.0/22 Pefindo idAAA 154,778 Bank Rakyat Indonesia BRI-8.0/22
Bank OCBC NISP NISPIJ-2021 Pefindo idAAA 150,590 Bank OCBC NISP NISPIJ-2021
BRI Tahap I 2019 Seri C BBRIIJ-7.85 Pefindo idAAA 138,746 BRI Tahap I 2019 Seri C BBRIIJ-7.85
Adira Finance Tahap V Tahun 2019 Seri C Pefindo AAA 127,210 Adira Finance Tahap V 2019 Seri C
Bank BTN Tahap I Tahun 2017 Seri B Pefindo AA+ 124,376 Bank BTN Tahap I Tahun 2017 Sr B
Bank Mandiri 8.00 15 Mandiri/8.00 Pefindo idAAA 108,117 Bank Mandiri 8.00 15 Mandiri/8.00
PLN Thp IV 8.5 01/08 Plnij-2026B Pefindo idAAA 105,394 PLN Thp IV 8.5 01/08 Plnij-2026B
Bank Mandiri Mandiri-8.5B Pefindo idAAA 105,126 Bank Mandiri Mandiri-8.5B
Adira Finance Tahap III 2018 Seri E Pefindo AAA 104,840 Adira Finance Tahap III 2018 Seri E
Sarana Multi Infrastruktur III 2019 D Pefindo AAA 104,386 Sarana Multi Infrastruktur III 2019 D
PLN THP II 8.2 2027C PLNIJ-2027C Pefindo idAAA 103,625 PLN THP II 8.2 2027C PLNIJ-2027C
Bank Panin 7.60 27/0 Pnbnij-7.60 Pefindo AA 101,156 Bank Panin 7.60 27/0 Pnbnij-7.60
Jsmr Pt Sukuk 9.00 1 Jsmr_Pt_2024 Pefindo idAA- 100,966 Jsmr Pt Sukuk 9.00 1 Jsmr_Pt_2024
Ppgdij 6.45 Mat 22/0 Ppgdij-6.45B Pefindo idAAA 100,784 Ppgdij 6.45 Mat 22/0 Ppgdij-6.45B
Keb Hana 7.75 18/05/2021 Pefindo idAAA 100,710 Keb Hana 7.75 18/05/2021
Bank Panin Tahap III Tahun 2018 Pefindo AA 99,335 Bank Panin Tahap III Tahun 2018
PLN THP I 2020 6.70 PLNIJ-6.7-25 Pefindo idAAA 97,886 PLN THP I 2020 6.70 PLNIJ-6.7-25
Bank Panin 8.75 27/10/21 Pnbnij-2021 Pefindo idAA 92,249 Bank Panin 8.75 27/10/21
Bank Sulselbar Thp II Th 2016 Pefindo A+ 86,382 Bank Sulselbar Thp II Th 2016
Sarana Multigriya Finansial Thp IV 2020 A Pefindo AAA 80,617 Sarana Multigriya Finansial IV 2020 A
Moratelindo Sukuk 9.9 09/07/2022 Pefindo idA 75,215 Moratelindo Sukuk 9.9 09/07/2022
KAINIJ 7.75 MAT 13/1 KAINIJ-7.75 Pefindo idAA+ 70,634 KAINIJ 7.75 MAT 13/1 KAINIJ-7.75
Bank Mandiri 8,50 21/9/2023 Bmriij-2023 Pefindo idAAA 67,761 Bank Mandiri 8.50 21/9/2023
Adira Finance Tahap III Tahun 2016 Seri C Pefindo AAA 62,037 Adira Finance Tahap III 2016 Seri C
PLN Thp II 7.2 2022 PLNIJ-2022A Pefindo idAAA 56,288 PLN Thp II 7.2 2022 PLNIJ-2022A
PNM Tahap II Tahun 2019 Seri B Pefindo A+ 54,652 PNM Tahap II Tahun 2019 Seri B
Adira Finance Tahap IV Tahun 2019 Seri C Pefindo AAA 54,029 Adira Finance Tahap IV 2019 Seri C
Bank Maybank Indonesia Thp I 2019 Seri C Pefindo AAA 53,050 Bank Maybank Indonesia I 2019 Sr C
Bank Maybank Indonesia Thp I 2017 Seri B Pefindo AAA 52,742 Bank Maybank Indonesia I 2017 Sr B
PT Bank Rakyat Indone BRI-25/05/21 Pefindo idAAA 52,708 PT Bank Rakyat Indone BRI-25/05/21
PLN Tahap I Tahun 2018 Seri B Pefindo AAA 52,501 PLN Tahap I Tahun 2018 Seri B
PUB V SMF THP IV 8.1 SMFPER-2025B Pefindo idAAA 52,294 SMF THP IV 8.1 SMFPER-2025B
PUB V SMF THP II 7.8 SMFPER-2022A Pefindo idAAA 51,625 SMF THP II 7.8 SMFPER-2022A
131
2020 Annual Report


Rupiah Rupiah
Obligasi Bonds
SMB I CIMB THP II 7. BNGASMB-2022 Pefindo idAAA 51,385 SMB I CIMB II 7. BNGASMB-2022
PLN THP II 7.5 2024B PLNIJ-2024B Pefindo idAAA 51,285 PLN THP II 7.5 2024B PLNIJ-2024B
PT Pupindo Tahap I A Pupi-7.0A-23 Pefindo idAAA 50,691 PT Pupindo Tahap I A Pupi-7.0A-23
Indo Eximbank 6.70 Bexi-14/2/23 Pefindo idAAA 50,492 Indo Eximbank 6.70 Bexi-14/2/23
PT Bank Rakyat Indone Bri-6.65/23 Pefindo idAAA 50,454 PT Bank Rakyat Indone Bri-6.65/23
Mtn Syariah Pegadaia Pgd-Mtn2021 Pefindo idAAA 50,158 Mtn Syariah Pegadaia Pgd-Mtn2021
Sbk Jsmr 14/10/20 - Jsmr_Sbk2021 Pefindo idAA- 50,070 Sbk Jsmr 14/10/20 - Jsmr_Sbk2021
Pln Thp Vi 2020 7.2 Plnij-2025A Pefindo idAAA 50,055 Pln Thp Vi 2020 7.2 Plnij-2025A
Astra Sedaya Finance Tahap I 2020 Seri B Pefindo AAA 46,879 Astra Sedaya Finance I 2020 Seri B
Maybank Finance Tahap Ii Th 2016 Seri B Pefindo AA+ 44,507 Maybank Finance Tahap II 2016 Sr B
Xl Axiata Tahap II Tahun 2019 Seri D Pefindo AAA 43,121 Xl Axiata Tahap II Tahun 2019 Seri D
Bank Maybank Indonesia Thp III 2018 Sr C Pefindo AAA 42,375 Bank Maybank Indonesia III 2018 Sr C
Bank Maybank 7.15 15/03/23 Bniiij-2023 Pefindo idAAA 41,588 Bank Maybank 7.15 15/03/23
Xl Axiata Tahap I Tahun 2018 Seri B Pefindo AAA 41,231 Xl Axiata Tahap I Tahun 2018 Seri B
PLN Tahap IV Tahun 2019 Seri A Pefindo AAA 41,172 PLN Tahap IV Tahun 2019 Seri A
Bank Panin Tahap II Tahun 2016 Pefindo AA 41,000 Bank Panin Tahap II Tahun 2016
Mtn Kimia Farma 8.75 Mtn-Kimia_F Pefindo idAA- 39,788 Mtn Kimia Farma 8.75 Mtn-Kimia_F
PNM Thp II Th 2018 Seri B Pefindo A+ 34,963 PNM Thp II Th 2018 Seri B
Sarana Multi Infrastruktur IV 2020 Seri C Pefindo AAA 31,092 Sarana Multi Infrastruktur IV 2020 Sr C
PPGDIJ 7.60 MAT 08/0 PPGDIJ-7.60B Pefindo idAAA 30,958 PPGDIJ 7.60 MAT 08/0 PPGDIJ-7.60B
Bank BRI Tahap I Tahun 2019 Seri C Pefindo AAA 30,786 Bank BRI Tahap I Tahun 2019 Seri C
PNM Tahap I Tahun 2017 Seri B Pefindo A+ 30,731 PNM Tahap I Tahun 2017 Seri B
Sarana Multi Infrastruktur IV 2020 Seri A Pefindo AAA 30,231 Sarana Multi Infrastruktur IV 2020 Sr A
PNM Tahap II Tahun 2016 Seri B Pefindo A+ 29,589 PNM Tahap II Tahun 2016 Seri B
Bank Tabungan Negara Btn-7.9/23 Pefindo AA+ 26,504 Bank Tabungan Negara Btn-7.9/23
Moratelindo Suk 10.5 Mortel-2023 Pefindo idA 26,378 Moratelindo Suk 10.5 Mortel-2023
Moratelindo Suk 11.2 Mortel-2025 Pefindo idA 25,734 Moratelindo Suk 11.2 Mortel-2025
Maybank Finance Tahap III Th 2016 Seri B Pefindo AA+ 25,659 Maybank Finance III 2016 Seri B
Sarana Multigriya Finansial Thp VI 2016 Pefindo AAA 25,600 Sarana Multigriya Finansial VI 2016
PLN Thp III 6.5 2023 PLNIJ-2023A Pefindo idAAA 25,152 PLN Thp III 6.5 2023 PLNIJ-2023A
Bank Tabungan Negara Btn-7.9/2022 Pefindo AA+ 24,463 Bank Tabungan Negara Btn-7.9/2022
PLN Tahap III Th 2019 Seri D Pefindo AAA 22,217 PLN Tahap III Th 2019 Seri D
Bank BRI Tahap II Tahun 2017 Seri D Pefindo AAA 21,337 Bank BRI Tahap II Tahun 2017 Sr D
Obligasi Pln Xii Tahun 2010 Seri B Pefindo AAA 21,303 Obligasi Pln Xii Tahun 2010 Seri B
Ppgdij 7.95 Mat 08/0 Ppgdij-7.95C Pefindo idAAA 21,028 Ppgdij 7.95 Mat 08/0 Ppgdij-7.95C
Bank BTN Tahap I Tahun 2017 Seri D Pefindo AA+ 21,008 Bank BTN Tahap I Tahun 2017 Sr D
Sarana Multigriya Finansial IV 2020 Sr B Pefindo AAA 20,807 Sarana Multigriya Finansial IV 2020 B
Bank Cimb Niaga 8.15 Bngaij-8.15 Pefindo idAAA 20,683 Bank Cimb Niaga 8.15 Bngaij-8.15
Astra Sedaya Finance Tahap III 2019 Sr C Pefindo AAA 20,584 Astra Sedaya Finance III 2019 Sr C
PNM Thp I Th 2017 Seri B Pefindo A+ 20,487 PNM Thp I Th 2017 Seri B
Bank Maybank Indonesia Tahap II Tahun 2018 Pefindo AAA 20,472 Bank Maybank Indonesia II 2018
Bank Tabungan Negara Btn-8B/8/21N Pefindo AA+ 20,416 Bank Tabungan Negara Btn-8B/8/21N
Sarana Multigriya Finansial III 2020 Sr B Pefindo AAA 20,401 Sarana Multigriya Finansial III 2020 B
Bank PANIN 9.15 28/0 PNBNIJ-9.15 Pefindo idAA 20,330 Bank PANIN 9.15 28/0 PNBNIJ-9.15
Obligasi Bank DKI 9.25 BDKIIJ-2021 Pefindo idAA- 20,315 Obligasi Bank DKI 9.25 BDKIIJ-2021
Gerbang Nusantara 2016 Seri B Pefindo AA- 20,278 Gerbang Nusantara 2016 Seri B
Adira Finance Tahap I Tahun 2020 Pefindo AAA 20,166 Adira Finance Tahap I Tahun 2020
Pegadaian Tahap III Tahun 2020 Seri A Pefindo AAA 20,017 Pegadaian Tahap III 2020 Seri A
MTN Syariah Ijarah I Telkom 2018 Seri C Pefindo AAA 19,000 MTN Syariah Ijarah I Telkom 2018 C
Mandiri Tunas Finance Tahap II 2019 Sr B Pefindo AA+ 16,608 Mandiri Tunas Finance II 2019 Sr B
Indosat Tahap IV Th 2016 Seri E Pefindo AAA 16,255 Indosat Tahap IV Th 2016 Seri E
PLN Tahap I Tahun 2013 Pefindo AAA 15,966 PLN Tahap I Tahun 2013
Mandiri Tunas Finance Thp II 2017 Seri B Pefindo AA+ 15,575 Mandiri Tunas Finance II 2017 Seri B
Maybank Finance Tahap III 2016 Seri B Pefindo AA+ 15,396 Maybank Finance III 2016 Seri B
Mandiri Tunas Finance Tahap II 2016 Sr B Pefindo AA+ 15,240 Mandiri Tunas Finance II 2016 Sr B
Indosat Tahap I Th 2014 Seri D Pefindo AAA 14,705 Indosat Tahap I Th 2014 Seri D
Mandiri Tunas Finance Tahap II 2019 Sr A Pefindo AA+ 14,459 Mandiri Tunas Finance II 2019 Sr A
Sukuk Ijarah Bkljt II Xl Axiata Sukuk Ijarah Bkljt II Xl Axiata II
Tahap II 2019 Seri C Pefindo AAA(idn) 13,641 Tahap II 2019 Seri C
PLN Tahap V Tahun 2019 Seri B Pefindo AAA 13,604 PLN Tahap V Tahun 2019 Seri B
Telkom Tahap I Tahun 2015 Seri B Pefindo AAA 12,348 Telkom Tahap I Tahun 2015 Seri B
132
2020 Annual Report


komprehensif lain (lanjutan) comprehensive income (continued)
Rupiah (lanjutan) Rupiah (continued)
Obligasi Bonds
Sukuk Ijarah Berkelanjutan II Sukuk Ijarah Berkelanjutan II
Xl Axiata Tahap II Tahun 2019 Seri D Pefindo AAA 11,059 Xl Axiata Tahap II 2019 Seri D
Bank CIMB Niaga Tahap IV 2018 Seri C Pefindo AAA 10,585 Bank CIMB Niaga IV 2018 Seri C
Sukuk Ijarah Berkelanjutan II Sukuk Ijarah Berkelanjutan II
Xl Axiata Tahap II Tahun 2019 Seri C Pefindo AAA 10,526 Xl Axiata Tahap II 2019 Seri C
PLN Tahap I Tahun 2017 Seri C Pefindo AAA 10,447 PLN Tahap I Tahun 2017 Seri C
Maybank Finance Thp IV Th 2017 Seri B Pefindo AA+ 10,282 Maybank Finance Thp IV 2017 Seri B
Bank Maybank 8.0 11/07/22 Pefindo idAAA 10,259 Bank Maybank 8.0 11/07/22
Adira Finance Tahap IV Tahun 2016 Seri C Pefindo AAA 10,218 Adira Finance Tahap IV 2016 Seri C
Obligasi XV Bank BTN Tahun 2011 Pefindo AA+ 10,198 Obligasi XV Bank BTN 2011
Sukuk Mudharabah Berkelanjutan I Sukuk Mudharabah Berkelanjutan I
Sarana Multigriya Finansial II 2020 Pefindo AAA(sy) 10,062 Sarana Multigriya Finansial II 2020
Mandiri Tunas Finance Tahap I 2020 Seri A Pefindo AA+ 10,027 Mandiri Tunas Finance I 2020 Seri A
Bank Maybank 8.5 11/ BNIIIJ-2024 Pefindo idAAA 10,021 Bank Maybank 8.5 11/ BNIIIJ-2024
Indo Eximbank 6.35 BEXI14/2/21N Pefindo idAAA 10,014 Indo Eximbank 6.35 BEXI14/2/21N
Pengadaian Tahap III Tahun 2020 Seri A Pefindo AAA 10,004 Pengadaian Tahap III 2020 Seri A
Bank Tabungan Negara BTN-28/06/21 Pefindo idAA+ 8,157 Bank Tabungan Negara BTN-28/06/21
Lainnya Beragam/Various Beragam/Various 229,407 Others
Subtotal 7,567,361 Subtotal

11,310,195

Reksadana - - 3,353,354 Mutual Funds
Obligasi Bonds
PT Pelindo PLBIIJ-II/25 S&P BBB- 139,628 PT Pelindo PLBIIJ-II/25
Bank Rakyat Indonesia BBRI-3.95 S&P BBB- 75,499 Bank Rakyat Indonesia BBRI-3.95
Pertamina 2023 S&P BBB 72,874 Pertamina 2023
Bank of America Moodys A2 69,243 Bank of America
M&T Bank USA Moodys A3 68,318 M&T Bank USA
Suntrust USA Moodys A3 67,370 Suntrust USA
Corestates Cap III / Wells Fargo Fitch A+ 65,570 Corestates Cap III / Wells Fargo
PLN P.LISTRIK 5.375 PLNIJ-2029 S&P BBB 64,331 PLN P.LISTRIK 5.375 PLNIJ-2029
JP Morgan Chase USA Moodys Aa1 63,940 JP Morgan Chase USA
Huntington USA Moodys A3 63,837 Huntington USA
Lainnya Beragam/Various Beragam/Various 184 Others
Subtotal 750,794 Subtotal
4,104,148
Total nilai wajar pada penghasilan Total fair value through other
komprehensif lain 15,414,343 comprehensive income

Rupiah Rupiah
Obligasi Bonds
Sukuk Bank Indonesia - - 6,576,313 Sukuk Bank Indonesia
PT Intan Baruprana Finance IBFI-17 Pefindo - 255,389 PT Intan Baruprana Finance IBFI-17
MTN Syariah Mudharabah Pegadaian I MTN Syariah Mudharabah
Tahun 2018 Pefindo idAAA(sy) 250,000 Pegadaian I Tahun 2018
MTN Syariah Mudharabah Bio Farma MTN Syariah Mudharabah
Tahun 2018 Pefindo idAAA(sy) 100,000 Bio Farma Tahun 2018
Sukuk Mudharabah Bkljt I Sarana Multi Sukuk Mudharabah Bkljt I Sarana Multi
Infrastuktur Th I Th 2018 Seri A Pefindo idAAA(sy) 50,000 Infrastuktur Th I Th 2018 Seri A
133
2020 Annual Report
Biaya perolehan diamortisasi (lanjutan) Amortized cost (continued)

Rupiah Rupiah
Obligasi Bonds
MTN Syariah Mudharabah I MTN Syariah Mudharabah I
Kimia Farma Tahun 2019 Pefindo idAAA(sy) 40,000 Kimia FarmaTahun 2019
Sukuk Mudharabah Bkljt I Indonesia Sukuk Mudharabah Bkljt I Indonesia
Eximbank Th I Th 2018 Seri B Pefindo idAAA(sy) 20,000 Eximbank Th I Th 2018 Seri B
Sukuk Ijarah Bkljt II XL Axiata Thp I Sukuk Ijarah Bkljt II XL Axiata Thp I
Th 2018 Seri B Pefindo idAAA 18,000 Th 2018 Seri B
Total biaya perolehan diamortisasi 7,320,715 Total amortized cost

Cadangan kerugian penurunan nilai (260,219) Allowance for impairment losses
Nilai wajar melalui

laba rugi Fair value through profit or loss
Rupiah Rupiah
Obligasi Pefindo (AA-) - (AAA) 2,298,525 Bonds
Obligasi subordinasi Pefindo (A+) - (AA+) 409,286 Subordinated bonds
Efek lainnya Pefindo (A+) - (AAA) 758,290 Other securities
8,590,914

Reksadana - - 55,061 Mutual funds
laporan laba rugi 8,645,975 profit and loss

Rupiah Rupiah
Sertifikat Bank Indonesia - - 3,446,303 Certificates of Bank Indonesia
Obligasi subordinasi Pefindo (A-) - (AA+) 604,072 Subordinated bonds
Efek beragunan aset Pefindo idAAA(sf) 242,096 Asset backed security
Obligasi Bonds
PT Semen Indonesia SMGRIJ-2024 Pefindo idAA 308,970 PT Semen Indonesia SMGRIJ-2024
Bank Tabungan Negara BTN-8.7C/24 Pefindo idAA+ 266,876 Bank Tabungan Negara BTN-8.7C/24
Bank Tabungan Negara BTN-8.5B/22 Pefindo idAA+ 258,843 Bank Tabungan Negara BTN-8.5B/22
Bank CIMB Niaga BNGAIJ-2022 Pefindo idAAA 212,520 Bank CIMB Niaga BNGAIJ-2022
PT PLN (Persero) PLNIJ-2024 Pefindo idAAA 209,228 PT PLN (Persero) PLNIJ-2024
134
2020 Annual Report

Tersedia untuk dijual (lanjutan) Available-for-sale (continued)

Obligasi Bonds
Bank Jabar Banten BJB-2021 Pefindo idAA- 203,296 Bank Jabar Banten BJB-2021
Obligasi Berkelanjutan I Bank Mandiri Obligasi Bklj I Bank Mandiri
Tahap I th 2016 Seri C Pefindo AAA 190,923 Tahap I th 2016 Seri C
Bank Rakyat Indonesia BBRIIJ-7.85 Pefindo idAAA 135,778 Bank Rakyat Indonesia BBRIIJ-7.85
Obligasi Berkelanjutan IV Adira Finance Obligasi Bklj IV Adira Finance
Tahap IV Tahun 2019 Seri C Pefindo AAA 126,726 Tahap IV Tahun 2019 Seri C
Bank Mandiri MANDIRI/8.00 Pefindo idAAA 107,092 Bank Mandiri MANDIRI/8.00
Obligasi Berkelanjutan IV Adira Finance Obligasi Bklj IV Adira Finance
Tahap III Tahun 2018 Seri E Pefindo AAA 103,357 Tahap III Tahun 2018 Seri E
PT PLN (Persero) PLNIJ-2026B Pefindo idAAA 103,250 PT PLN (Persero) PLNIJ-2026B
Bank Mandiri MANDIRI-8.5B Pefindo idAAA 102,733 Bank Mandiri MANDIRI-8.5B
Obl Bkljt I Bank SulselBar Thp II 2016 Pefindo A+ 101,376 Obl Bklj I Bank SulselBar II 2016
PT Jasa Marga JSMR_PT_2024 Pefindo idAA- 101,141 PT Jasa Marga JSMR_PT_2024
PT PLN (Persero) PLNIJ-2027C Pefindo idAAA 100,642 PT PLN (Persero) PLNIJ-2027C
Bank Sumitomo MTN-SUMIBK Pefindo idAAA 100,623 Bank Sumitomo MTN-SUMIBK
Bank KEB Hana MTN-HNBNIDJA Pefindo idAAA 100,542 Bank KEB Hana MTN-HNBNIDJA
PT Mora Telematika Indonesia Pefindo idA 100,445 PT Mora Telematika Indonesia
Obl MTN II Bank Jambi 2017 Pefindo A 100,000 Obl MTN II Bank Jambi 2017
Bank Panin PNBNIJ-7.60 Pefindo idAA 99,319 Bank Panin PNBNIJ-7.60
KAINIJ-7.75 Pefindo idAAA 95,760 KAINIJ-7.75
Bank Panin PNBNIJ-2021 Pefindo idAA 92,085 Bank Panin PNBNIJ-2021
Bank Mandiri MANDIRI-2020 Pefindo idAAA 91,550 Bank Mandiri MANDIRI-2020
Bank Jateng MTN-Jateng20 Pefindo idAA- 75,407 Bank Jateng MTN-Jateng20
Bank Mandiri Taspen Pos
Bank Mandiri Taspen Pos MANTAP20AN Pefindo idAA 73,534 MANTAP20AN
OBL BKLJ III BTN THP I 2017 B Pefindo AA+ 71,356 OBL BKLJ III BTN THP I 2017 B
Bank Mandiri BMRIIJ-2023 Pefindo idAAA 66,528 Bank Mandiri BMRIIJ-2023
Bank Maybank Indonesia BNIIIJ-2022 Pefindo idAAA 59,379 Bank Maybank Indonesia BNIIIJ-2022
Obligasi Bkljt III Waskita Karya Obligasi Bkljt III Waskita Karya
Tahap II th 2018 seri B Pefindo A- 55,017 Tahap II th 2018 seri B
Bank Jabar BJB-2020 Pefindo idAA- 54,885 Bank Jabar BJB-2020
PT PLN (Persero) PLN Pefindo idAAA 54,773 PT PLN (Persero) PLN
Bank Rakyat Indonesia BRI-25/05/21 Pefindo idAAA 53,402 Bank Rakyat Indonesia BRI-25/05/21
Obligasi Berkelanjutan IV Adira Finance Obl Bklj IV Adira Finance
Tahap IV Tahun 2019 Seri C Pefindo AAA 53,361 Tahap IV Tahun 2019 Seri C
Obligasi Berkelanjutan III Bank Maybank Obligasi Bklj III Bank Maybank
Indonesia Tahap I 2019 Seri C Pefindo AA+ 51,991 Indonesia Tahap I 2019 Seri C
Obl Bklj II Bank Maybank Indonesia Obl Bklj II Bank Maybank
IndonesiaTahap I 2017 Seri B Pefindo AA+ 51,611 IndonesiaTahap I 2017 Seri B
Obligasi Berkelanjutan III Obligasi Berkelanjutan III
PLN Tahap I Tahun 2018 Seri B Pefindo AAA 51,159 PLN Tahap I Tahun 2018 Seri B
Obl Bklj II PNM Tahap I 2017 B Pefindo A+ 50,746 Obl Bklj II PNM Tahap I 2017 B
PT Sarana Multigriya Finance-2022A Pefindo idAAA 50,413 PT Sarana Multigriya Finance-2022A
PT Telkom MTN-TELKOM Pefindo idAAA 50,346 PT Telkom MTN-TELKOM
Bank CIMB Niaga BNGASMB-2022 Pefindo idAAA 50,288 Bank CIMB Niaga BNGASMB-2022
Pegadaian PGD-MTN2021 Pefindo idAAA 50,039 Pegadaian PGD-MTN2021
Obligasi Berkelanjutan III PNM Obligasi Berkelanjutan III PNM
Tahap II Tahun 2019 Seri B Pefindo A+ 49,945 Tahap II Tahun 2019 Seri B
Obligasi Berkelanjutan II Obligasi Berkelanjutan II
Bank Panin Tahap III Tahun 2018 Pefindo AA 49,660 Bank Panin Tahap III Tahun 2018
PT PLN (Persero) PLNIJ-2024B Pefindo idAAA 49,582 PT PLN (Persero) PLNIJ-2024B
Bank Ekspor Indonesia BEXI-14/2/23 Pefindo idAAA 49,095 Bank Ekspor Indonesia BEXI-14/2/23
Bank Tabungan Negara BTN-8.3A/20 Pefindo idAA+ 43,415 Bank Tabungan Negara BTN-8.3A/20
Obl Bklj III Adira Finance Obl Bklj III Adira Finance
Tahap III Tahun 2016 Seri C Pefindo AAA 43,237 Tahap III Tahun 2016 Seri C
135
2020 Annual Report
Tersedia untuk dijual (lanjutan) Available-for-sale (continued)

Obl Bklj II Bank Maybank Indonesia Obl Bklj II Bank Maybank Indonesia
Tahap III Tahun 2018 Seri C Pefindo AA+ 41,696 Tahap III Tahun 2018 Seri C
Obl Bklj I Maybank Finance Obl Bklj I Maybank Finance
tahap III th 2016 seri B Pefindo AA+ 41,247 tahap III th 2016 seri B
PT Kimia Farma MTN-KIMIA_F Pefindo idAA- 40,433 PT Kimia Farma MTN-KIMIA_F
Obl Bkljt I Maybank Finance Obl Bkljt I Maybank Finance
Tahap II Th 2016 Seri B Pefindo AA+ 39,236 Tahap II Th 2016 Seri B
Obl Bklj III Adira Finance Obl Bklj III Adira Finance
Thp I th 2015 Seri B Pefindo AAA 38,814 Thp I th 2015 Seri B
Sukuk Ijarah I Angkasa Pura I 2016 B Pefindo idAAA(sy) 36,021 Sukuk Ijarah I AngkasaPura I 2016B
Sukuk Ijarah Bkljt II Xl Axiata Sukuk Ijarah Bkljt II Xl Axiata
Tahap II Tahun 2019 Seri C Pefindo AAA 35,997 Tahap II Tahun 2019 Seri C
MTN I Bank Danamon Tahun 2019 Pefindo - 35,000 MTN I Bank Danamon Tahun 2019
Obl Bklj I PNM tahap II th 2016 Seri B Pefindo A+ 34,756 Obl Bklj I PNM tahap II 2016 Sr-B
Obligasi Bkljt II PNM Obligasi Bkljt II PNM
Tahap II Th 2018 Seri B Pefindo A+ 34,570 Tahap II Th 2018 Seri B
Bank Tabungan Negara BTN-2020B Pefindo idAA+ 31,526 Bank Tabungan Negara BTN-2020B
Obl Bklj I XL Axiata Tahap I 2018 Sr-B Pefindo AAA 31,089 Obl Bklj I XL Axiata I 2018 Sr-B
Obl Bklj III Bank BTN Tahap I 2017-A Pefindo AA+ 29,280 Obl Bklj III Bank BTN Thp I 2017-A
Bank Tabungan Negara BTN-7.9/23 Pefindo idAA+ 26,140 Bank Tabungan Negara BTN-7.9/23
Obl Bkljt III Sarana Multigriya Obl Bkljt III Sarana Multigriya
Finansial Thp VI Th 2016 Pefindo AAA 25,568 Finansial Thp VI Th 2016
PT Jasa Marga JM/XIV-20-U Pefindo idAA 25,498 PT Jasa Marga JM/XIV-20-U
12,941,512

Reksadana 3,240,989 Mutual Funds
Obligasi lainnya Bonds
Pelabuhan Indonesia PLBIIJ-II/25 S&P BBB- 294,687 Pelabuhan Indonesia PLBIIJ-II/25
Pertamina 2023 S&P BBB 72,725 Pertamina 2023
Bank Rakyat Indonesia BBRI-3.95 S&P BBB- 72,447 Bank Rakyat Indonesia BBRI-3.95
Bank of America Moodys Baa1 67,988 Bank of America
M&T Bank USA Moodys Baa2 70,598 M&T Bank USA
Suntrust USA Moodys Baa2 69,373 Suntrust USA
Corestates Cap III / Wells Fargo Fitch BBB 65,514 Corestates Cap III / Wells Fargo
Huntington USA Moodys Baa2 68,947 Huntington USA
JP Morgan Chase USA Moodys Baa1 62,467 JP Morgan Chase USA
PT PLN (Persero) PLNIJ-2029 S&P BBB- 61,359 PT PLN (Persero) PLNIJ-2029
ICBC ASIA LTD Moodys Baa2 28,387 ICBC ASIA LTD
Lainnya Beragam/Various Beragam/Various 182 Others
Subtotal 934,674 Subtotal
4,175,663
Total tersedia untuk dijual 17,117,175 Total available-for-sale

Rupiah Rupiah
Obligasi Bonds
Sukuk Bank Indonesia - - 574,074 Sukuk Bank Indonesia
PT Intan Baruprana Finance IBFI-17 Pefindo - 263,675 PT Intan Baruprana Finance IBFI-17
MTN Syariah Mudharabah MTN Syariah Mudharabah
Pegadaian I Tahun 2018 Pefindo idAAA(sy) 250,000 Pegadaian I Tahun 2018
MTN Syariah Mudharabah MTN Syariah Mudharabah
Bio Farma Tahun 2018 Pefindo idAAA(sy) 100,000 Bio Farma Tahun 2018
136
2020 Annual Report


Obligasi Bonds
Sukuk Mudharabah Subordinasi Sukuk Mudharabah Subordinasi

BSM 2016 Pefindo idAA-(sy) 50,000 BSM 2016
Sukuk Mudharabah Bklj I Sarana Sukuk Mudharabah Bklj I Sarana
Multi Infrastuktur Thp I 2018 Seri A Pefindo idAAA(sy) 50,000 Multi Infrastuktur Thp I 2018 Seri A
MTN Syariah Ijarah POSINDO-01 MTN Syariah Ijarah POSINDO-01
Tahun 2018 Pefindo idA-(sy) 50,000 Tahun 2018
Sukuk Ijarah berkelanjutan tahap II Sukuk Ijarah berkelanjutan tahap II
XL Axiata Tahap II 2019 Seri A Pefindo idAAA(idn) 50,000 XL Axiata Tahap II 2019 Seri A
Sukuk Mudharabah BPD Jateng Pefindo - 50,000 Sukuk Mudharabah BPD Jateng
Sukuk Mudharabah Subordinasi Sukuk Mudharabah Subordinasi
BRIS 2016 Pefindo idA+(sy) 46,000 BRIS 2016
MTN Syariah Mudharabah I Kimia MTN Syariah Mudharabah I Kimia
Farma thn 2019 Pefindo idAAA(idn) 40,000 Farma thn 2019
Sukuk Ijarah Berkelanjutan II Indosat Sukuk Ijarah Berkelanjutan II Indosat
Tahap II 2017 Seri B Pefindo idAAA(sy) 30,000 Tahap II 2017 Seri B
Sukuk Ijarah Berkelanjutan I Timah Sukuk Ijarah Berkelanjutan I Timah
Tahap I 2017 Seri A Pefindo idA+(sy) 28,000 Tahap I 2017 Seri A
Sukuk Ijarah Berkelanjutan I XL Axiata Sukuk Ijarah Berkelanjutan I XL Axiata
Tahap II 2017 Seri B Pefindo idAAA(idn) 25,000 Tahap II 2017 Seri B

Obligasi Bonds
Majapahit Holding BV Moodys AA+ 6,950 Majapahit Holding BV
Total dimiliki hingga jatuh tempo 1,683,720 Total held-to-maturity securities

Underlying aset utama dari reksa dana yang The main underlying assets of the Group’s
dimiliki oleh Grup adalah deposito berjangka mutual funds consist of time deposits and
dan Obligasi Pemerintah. government bonds.
e. Berdasarkan kolektibilitas Bank Indonesia e. By Bank Indonesia collectibility
2020 2019
Cadangan Cadangan
kerugian kerugian
penurunan nilai/ penurunan nilai/
Pokok/ Allowance for Pokok/ Allowance for
Principal impairment losses Principal impairment losses
Lancar 29,425,303 (4,830) 26,974,277 (8,480) Current

Kurang lancar 266,124 - 208,918 (12,964) Substandard
Macet 255,389 (255,389) 263,675 (263,675) Loss
29,946,816 (260,219) 27,446,870 (285,119)
137
2020 Annual Report
f. Nilai tercatat bruto dan cadangan kerugian f. Gross carrying amount and allowance for
31 Desember 2020/31 December 2020
Kerugian kredit
ekspektasian Kerugian kredit
sepanjang ekspektasian
umurnya - sepanjang
kredit tidak umurnya -
Kerugian kredit memburuk/ kredit
ekspektasian Lifetime ECL memburuk/
12 bulan/12- Not Credit- Lifetime ECL
month ECL impaired Credit-impaired Syariah/Sharia Total/Total*)
Efek-efek yang diukur pada biaya Marketable securities at

perolehan diamortisasi amortized cost
Nilai tercatat 1 Januari 33,971 - 263,675 1,386,074 1,683,720 Balance at 1 January
penyisihan kerugian - - - 5,673,238 5,673,238 allowance
Pembayaran kembali (27,958) - (8,285) - (36,243) Repayment
Foreign exchange and other
Valuta asing dan perubahan lain - - - - movements
Nilai tercatat 31 Desember 6,013 - 255,390 7,059,312 7,320,715 Balance at 31 December
*)
Termasuk efek-efek yang dimiliki BNI Syariah *)
Including marketable securities owned by BNI Syariah
Kerugian kredit
umurnya - sepanjang
Efek-efek yang diukur pada nilai

wajar melalui penghasilan Marketable securities at
komprehensif lain FVOCI
Nilai tercatat 1 Januari 16,783,445 297,710 - 36,020 17,117,175 Balance at 1 January
Pengalihan ke: Transfer to:
- Kerugian kredit ekspektasian 12
bulan 77,042 (77,042) - - - 12-month ECL-
mengalami penurunan nilai (57,748) 57,748 - - - impaired -
penyisihan kerugian (2,389,532) 97 - - (2,389,435) allowance
diterbitkan atau dibeli 910,007 - - - 910,007 originated or purchased
Pembayaran kembali (210,931) - - (36,020) (246,951) Repayment

Valuta asing dan perubahan lain 20,728 2,819 - - 23,547 movements
Nilai tercatat 31 Desember 15,133,011 281,332 - - 15,414,343 Balance at 31 December
138
2020 Annual Report
f. Nilai Tercatat Bruto dan Cadangan kerugian f. Gross Carrying Amount and Allowance for
Perubahan cadangan kerugian penurunan nilai Movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:
Kerugian kredit
umurnya - sepanjang
Efek-efek yang diukur pada biaya Marketable securities at

perolehan diamortisasi amortized cost
Saldo 1 Januari - - 263,675 28,906 292,581 Balance at 1 January
penyisihan kerugian - - - (24,592) (24,592) allowance
Pembayaran kembali - - (8,286) - (8,286) Repayment
Valuta asing dan perubahan lain - - - 516 516 movements
Saldo 31 Desember - - 255,389 4,830 260,219 Balance at 31 December

*) *)
Termasuk efek-efek yang dimiliki BNI Syariah Including marketable securities owned by BNI Syariah
Kerugian kredit
umurnya - sepanjang
Efek-efek yang diukur pada nilai

wajar melalui penghasilan Marketable securities at
Saldo 1 Januari - - - - - Balance at 1 January
bulan 64 (64) - - - 12-month ECL-
mengalami penurunan nilai (126) 126 - - - impaired -
penyisihan kerugian 11,959 5,132 - - 17,091 allowance
Pembayaran kembali (2,429) (29) - - (2,458) Repayment

Valuta asing dan perubahan lain 1 - - - 1 movements
Saldo 31 Desember 10,247 5,165 - - 15,412 Balance at 31 December
*) *)
Cadangan kerugian penurunan nilai pada efek-efek dengan Allowance for impairment losses on marketable securities
klasifikasi nilai wajar melalui penghasilan komprehensif lain classified as fair value through other comprehensive
dicatat pada penghasilan komprehensif lain, karena nilai income is recorded in other comprehensive income,
tercatatnya disajikan sebesar nilai wajarnya. because the carrying value is presented at fair value.
139
2020 Annual Report
f. Cadangan kerugian penurunan nilai f. Allowance for impairment losses

Perubahan cadangan kerugian penurunan The 2019 Allowance for losses based on
nilai 2019 berdasarkan PSAK No. 55. SFAS No. 55.
31 Desember 2019/
31 December 2019
Pembalikan selama tahun berjalan (30,617) Reversal during the year
mata uang asing (2,401) adjustments
cadangan kerugian penurunan nilai di atas impairment losses is adequate.
telah memadai.
g. Tingkat suku bunga per tahun g. Annual interest rates

Dolar
Amerika Serikat/
Rupiah United States Dollar
% %
Suku Bunga: Interest Rate:
2020 6.35 - 11.25 0.79 - 5.50 2020
2019 6.35 - 11.75 0.50 - 7.75 2019
9. WESEL EKSPOR DAN TAGIHAN LAINNYA 9. BILLS AND OTHER RECEIVABLES

2020 2019
Rupiah Rupiah
Wesel Ekspor 756,807 305,333 Export Bills
Surat Keterangan Berdokumen Domestic Documentary
Dalam Negeri (SKBDN) 640,999 1,754,500 Letters of Credit
Tagihan lainnya: Other receivables:
- Open account financing dan Open account financing and -
Supply chain financing 11,819,775 14,035,980 Supply chain financing
13,217,581 16,095,813

Wesel Ekspor 2,694,789 1,608,265 Export Bills
Surat Keterangan Berdokumen Domestic Documentary
Dalam Negeri (SKBDN) 18,473 20,049 Letters of Credit
Tagihan lainnya: Other receivables:
- Open account financing dan Open account financing and -
Supply chain financing 1,666,195 987,516 Supply chain financing
- Tagihan transaksi L/C Sight 419,397 638,038 L/C Sight receivables -
4,798,854 3,253,868
Total 18,016,435 19,349,681 Total
Neto 17,893,534 19,207,603 Net
140
2020 Annual Report
9. WESEL EKSPOR DAN TAGIHAN LAINNYA 9. BILLS AND OTHER RECEIVABLES (continued)
(lanjutan)
Perincian wesel ekspor dan tagihan lainnya Bills and other receivables based on
berdasarkan mata uang adalah sebagai currencies are as follows:
berikut:
2020 2019
Rupiah 13,217,581 16,095,813 Rupiah

Yuan Cina - 7,886 Chinese Yuan
Euro Eropa - 5,017 European Euro
4,798,854 3,253,868
Total 18,016,435 19,349,681 Total
Neto 17,893,534 19,207,603 Net
2020 2019
Rupiah 10,646,028 12,914,306 Rupiah
Rupiah 2,571,553 3,181,507 Rupiah
Total 18,016,435 19,349,681 Total
Neto 17,893,534 19,207,603 Net
c. Berdasarkan kolektibilitas c. By collectibility
2020 2019
Cadangan Cadangan
kerugian kerugian
Lancar 17,962,990 (100,430) 19,349,681 (142,078) Current

Macet 53,445 (22,471) - - Loss
18,016,435 (122,901) 19,349,681 (142,078)
141
2020 Annual Report
(lanjutan)
d. Nilai Tercatat Bruto dan Cadangan kerugian d. Gross Carrying Amount and Allowance for

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
12 bulan/12- Not Credit- Credit- Syariah/Shari
month ECL impaired impaired a Total/Total
Wesel ekspor dan tagihan

lainnya Bill and other receivables
Nilai tercatat 1 Januari 15,635,815 3,660,192 53,674 - 19,349,681 Balance at 1 January

12 bulan (8,776,911) 8,776,911 - - - 12-month ECL-
mengalami penurunan nilai 5,482,192 (5,482,192) - - - impaired -
sepanjang umurnya –
mengalami penurunan nilai - - - - - Lifetime ECL credit-impaired -
penyisihan kerugian 12,486,541 610,198 - - 13,096,739 allowance
Aset keuangan baru yang New financial assets originated
diterbitkan atau dibeli 933,273 - - - 933,273 or purchased
Pembayaran kembali (14,854,369) (497,259) (228) - (15,351,856) Repayment

lain 48,877 (60,279) - - (11,402) movements
Nilai tercatat 31 Desember 10,955,418 7,007,571 53,446 - 18,016,435 Balance at 31 December
142
2020 Annual Report
(lanjutan)
Perubahan cadangan kerugian penurunan nilai Movements in the allowance for impairment
adalah sebagai berikut: losses are as follows:

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -

lainnya Bill and other receivables
Saldo 1 Januari 50,987 17,579 28,970 - 97,536 Balance at 1 January

bulan 44,799 (44,799) - - - 12-month ECL-
sepanjang umurnya – tidak Lifetime ECL not credit-impaired
mengalami penurunan nilai (8,367) 8,367 - - - -
sepanjang umurnya – mengalami
penurunan nilai - - - - - Lifetime ECL credit-impaired -
penyisihan kerugian 13,582 92,018 (9,417) - 96,183 allowance
Pembayaran kembali (47,620) (3,101) (25,318) - (76,039) Repayment

lain 264 (328) - - (64) movements
Saldo 31 Desember 58,930 69,736 (5,765) - 122,901 Balance at 31 December
31 Desember 2019/
31 December 2019
Penyisihan selama tahun
berjalan 36,424 Provision during the the year
mata uang asing (52,690) adjustment
Manajemen berpendapat bahwa jumlah Management believes that the above

cadangan kerugian penurunan nilai yang allowance for impairment losses is adequate.
dibentuk tersebut telah memadai.
143
2020 Annual Report
(lanjutan)
e. Tingkat suku bunga per tahun e. Annual interest rates

Dolar
Amerika Serikat/
United States Euro Eropa/ Yuan China/
Rupiah Dollar European Euro Chinese Yuan
% % % %
2020 7.00 - 12.00 1.61 - 7.50 2.80 - 3.70 2.50 - 5.30 2020
2019 6.05 - 10.33 2.49 - 7.28 5.84 2.50 - 5.30 2019
10. TAGIHAN AKSEPTASI 10. ACCEPTANCE RECEIVABLES
a. Berdasarkan pihak dan mata uang a. By party and currency
2020 2019
Rupiah Rupiah
Debitur non-bank 16,220,765 13,184,821 Non-bank debtors
Bank 52,926 77,446 Banks
16,273,691 13,262,267

Debitur non-bank 4,805,475 3,097,794 Non-bank debtors
Bank 695,874 2,758,214 Banks
5,501,349 5,856,008
Total 21,775,040 19,118,275 Total
penurunan nilai (1,199,374) (559,999) impairment losses
Neto 20,575,666 18,558,276 Net
Perincian tagihan akseptasi berdasarkan mata Acceptance receivables based on currencies

uang adalah sebagai berikut: are as follows:
2020 2019
Rupiah 16,273,691 13,262,267 Rupiah

Pound Sterling Inggris 19,636 - Great Britain Pound Sterling
Franc Swiss - 969 Franc Swiss
5,501,349 5,856,008
Total 21,775,040 19,118,275 Total
Neto 20,575,666 18,558,276 Net
144
2020 Annual Report
10. TAGIHAN AKSEPTASI (lanjutan) 10. ACCEPTANCE RECEIVABLES (continued)

2020 2019

Rupiah 6,261,436 7,867,226 Rupiah
Rupiah 10,012,255 5,395,041 Rupiah
Total 21,775,040 19,118,275 Total
Neto 20,575,666 18,558,276 Net
c. Berdasarkan kolektibilitas c. By collectibility
2020 2019
Cadangan Cadangan
kerugian kerugian
Lancar 18,639,259 (78,192) 17,343,432 (106,517) Current
Dalam perhatian khusus 3,115,946 (1,108,836) 1,774,843 (453,482) Special mention
Diragukan 19,835 (12,346) - - Doubtful
21,775,040 (1,199,374) 19,118,275 (559,999)

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Tagihan akseptasi Acceptance receivables
Nilai tercatat 1 Januari 13,748,145 3,690,314 1,679,816 - 19,118,275 Balance at 1 January

12 bulan 5,017,899 (5,017,899) - - - 12-month ECL-
145
2020 Annual Report

sepanjang umurnya – tidak Lifetime ECL credit-not
mengalami penurunan nilai (5,300,324) 5,300,324 - - - impaired –
sepanjang umurnya – Lifetime ECL credit-
mengalami penurunan nilai - (84,008) 84,008 - - impaired -
penyisihan kerugian 13,296,829 (78,244) 3,440,554 - 16,659,139 loss allowance

diterbitkan atau dibeli 6,391,588 61,993 - 77,454 6,531,035 originated or purchased
Pembayaran kembali (15,503,018) (1,206,629) (2,280,877) - (18,990,524) Repayment

lain (1,537,583) (42,029) 36,727 - (1,542,885) other movements
Nilai tercatat 31 Desember 16,113,536 2,623,822 2,960,228 77,454 21,775,040 Balance at 31 December

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Tagihan akseptasi Acceptance receivables
Saldo 1 Januari 36,965 4,903 599,798 - 641,666 Balance at 1 January

12 bulan 39,687 (39,687) - - - 12-month ECL-
sepanjang umurnya – tidak Lifetime ECL credit-not
mengalami penurunan nilai - (9,642) 9,642 - - impaired -
penyisihan kerugian 41,994 70,706 860,839 - 973,539 loss allowance

diterbitkan atau dibeli 9,761 511 - 783 11,055 originated or purchased

lain 562 13 28,168 - 28,743 other movements
Saldo 31 Desember 65,377 18,100 1,115,114 783 1,199,374 Balance at 31 December
146
2020 Annual Report

31 Desember 2019/
31 December 2019
Penyisihan selama tahun berjalan 363,439 Provison during the year
mata uang asing 16,818 adjustment
Manajemen berpendapat bahwa jumlah Management believes that the above

cadangan kerugian penurunan nilai yang allowance for impairment losses is adequate.
dibentuk tersebut telah memadai.
11. TAGIHAN DAN LIABILITAS DERIVATIF 11. DERIVATIVE RECEIVABLES AND PAYABLES
Dalam melakukan usaha bisnis, BNI melakukan In the normal course of business, BNI enters into
transaksi instrumen keuangan derivatif seperti transactions involving derivative financial
kontrak berjangka mata uang asing, swap mata instruments such as foreign currency forward
uang asing, swap atas suku bunga dan transaksi contracts, currency swaps, interest rate swaps and
spot untuk keperluan pembiayaan, perdagangan spot transactions for financing, trading and hedging
dan lindung nilai. purposes.
Jumlah nosional Nilai wajar/Fair values
mata uang asing
(jumlah penuh)/
Notional amount Tagihan Liabilitas
in foreign derivatif/ derivatif/
currency Derivative Derivative
Instrumen (full amount) receivables payables Instruments
Terkait Nilai Tukar Exchange Rate Related
Kontrak berjangka - beli Forward contract - buy
USD 234,259,900 - (243,504) USD
Kontrak berjangka - jual Forward contract - sell
EUR 926,440 568 - EUR
USD 217,639,471 108,816 - USD
Swap mata uang asing - beli Foreign currency swaps - buy
EUR 21,903,488 11,274 (1) EUR
USD 684,779,500 185 (98,315) USD
Swap mata uang asing - jual Foreign currency swaps - sell
AUD 15,000,000 - (576) AUD
EUR 79,850,000 73 (23,041) EUR
USD 1,484,784,471 1,283,345 - USD
Spot mata uang asing - beli Foreign currency spots - buy
EUR 1,500,000 - (31) EUR
GBP 10,000,000 - (294) GBP
USD 22,700,000 5 (897) USD
Spot mata uang asing - jual Foreign currency spots - sell
GBP 10,000,000 26 GBP
USD 72,400,000 2,657 (142) USD
Terkait Nilai Tukar dan Suku Bunga Exchange and Interest Rate Related
Swap atas suku bunga Interest rate swap
USD 238,026,229 45,878 (40,454) USD
Swap mata uang asing Cross currency swaps and
dan suku bunga interest rate
USD 37,275,585 7,787 (7,025) USD
1,460,614 (414,280)
147
2020 Annual Report
Jumlah nosional Nilai wajar/Fair values
mata uang asing
(jumlah penuh)/
Notional amount Tagihan Liabilitas
in foreign derivatif/ derivatif/
currency Derivative Derivative
Instrumen (full amount) receivables payables Instruments
Terkait Nilai Tukar Exchange Rate Related
Kontrak berjangka - beli Forward contract - buy
USD 137,084,144 654 (6,336) USD
Kontrak berjangka - jual Forward contract - sell
USD 151,226,912 10,605 (24) USD
Swap mata uang asing - beli Foreign currency swaps - buy
EUR 104,221,620 11,269 (9,605) EUR
USD 690,870,027 25 (124,645) USD
GBP 500,000 562 - GBP
Swap mata uang asing - jual Foreign currency swaps - sell
AUD 10,000,000 - (2,125) AUD
EUR 180,255,997 5,541 (26,480) EUR
GBP 9,500,000 - (976) GBP
USD 663,848,943 245,074 - USD
Spot mata uang asing - beli Foreign currency spots - buy
AUD 9,000,000 23 (174) AUD
EUR 15,500,000 296 (13) EUR
GBP 59,000,000 1,564 (1,004) GBP
USD 45,340,000 - (2,029) USD
Spot mata uang asing - jual Foreign currency spots - sell
AUD 6,000,000 72 (82) AUD
EUR 18,000,000 - (524) EUR
GBP 60,000,000 493 (2,394) GBP
USD 31,453,671 1,304 (9) USD
Option mata uang asing - beli Foreign currency option - buy
USD 126,500,000 5,169 (4,736) USD
AUD 181,236 - (7) AUD
EUR 60,200 - (1) EUR
Option mata uang asing - jual Foreign currency option - sell
USD 126,500,000 8,595 (7,531) USD
Terkait Suku Bunga Interest Rate Related

Swap atas suku bunga Interest rate swaps
USD 238,026,229 11,632 (6,222) USD
Terkait Nilai Tukar dan Suku Bunga Exchange and Interest Rate Related
Swap mata uang asing dan Cross currency swaps and
suku bunga interest rate
USD 29,039,143 9,388 (8,137) USD
312,266 (203,054)
148
2020 Annual Report

2020 2019
Tagihan derivatif Derivatives receivables

Mata uang asing 1,320,857 284,150 Foreign currencies
Total 1,460,614 312,266 Total
Liabilitas derivatif Derivatives payables

Mata uang asing (55,108) (29,931) Foreign currencies

Mata uang asing (359,172) (173,123) Foreign currencies
Total (414,280) (203,054) Total
Berdasarkan hasil penelaahan dan evaluasi Based on the Bank’s management review and
manajemen Bank, seluruh tagihan derivatif evaluation, all derivative receivables as of
pada tanggal 31 Desember 2020 dan 31 December 2020 and 2019 are classified as
2019 digolongkan lancar. current.
12. PINJAMAN YANG DIBERIKAN 12. LOANS

Informasi mengenai pinjaman yang diberikan Loans to related parties are disclosed in Note 46j.
kepada pihak-pihak berelasi diungkapkan pada
Catatan 46j.
2020 2019
Rupiah Rupiah
Modal kerja 224,708,054 215,197,825 Working capital
Investasi 110,375,838 106,688,305 Investment
Konsumen 103,339,788 97,907,792 Consumer
Sindikasi 39,061,067 42,451,765 Syndicated
Karyawan 4,165,944 4,119,097 Employee
Program pemerintah 165,037 455,276 Government programs
481,815,728 466,820,060

Konsumen 142,171 135,631 Consumer
Karyawan 4,308 4,206 Employee
104,391,059 89,950,887
Total 586,206,787 556,770,947 Total
penurunan nilai (44,227,986) (16,908,871) impairment losses
Neto 541,978,801 539,862,076 Net
149
2020 Annual Report
12. PINJAMAN YANG DIBERIKAN (lanjutan) 12. LOANS (continued)
Perincian pinjaman yang diberikan Loans based on currencies are as follows:

berdasarkan mata uang adalah sebagai
berikut:
2020 2019
Rupiah 481,815,728 466,820,060 Rupiah

104,391,059 89,950,887
Total 586,206,787 556,770,947 Total
Neto 541,978,801 539,862,076 Net
2020 2019
Rupiah Rupiah
103,683,829 101,945,429

Sindikasi 2,229,464 752,199 Syndicated
9,223,611 10,001,704
150
2020 Annual Report
b. Berdasarkan hubungan (lanjutan) b. By relationship (continued)
2020 2019
Rupiah Rupiah
Konsumen 103,220,352 97,778,066 Consumer
Karyawan 4,065,528 4,013,502 Employee
Program pemerintah 165,037 455,276 Government programs
378,131,899 364,874,631
95,167,448 79,949,183
Total 586,206,787 556,770,947 Total
Neto 541,978,801 539,862,076 Net
c. Berdasarkan sektor ekonomi c. By economic sector
2020 2019
Rupiah Rupiah
Perdagangan, restoran dan hotel 89,552,132 89,531,264 Trading, restaurants and hotels
Perindustrian 72,327,935 75,237,445 Manufacturing
Pertanian 58,548,593 54,480,336 Agriculture
Konstruksi 51,190,484 40,335,129 Construction
Jasa dunia usaha 37,321,876 43,210,267 Business services
Pengangkutan, pergudangan Transportation, warehousing
dan komunikasi 30,364,747 24,917,442 and communications
Jasa pelayanan sosial 20,850,232 17,954,737 Social services
Listrik, gas dan air 8,005,271 13,844,385 Electricity, gas and water
Pertambangan 5,625,247 4,851,029 Mining
Lain-lain 108,029,211 102,458,026 Others
481,815,728 466,820,060
151
2020 Annual Report
c. Berdasarkan sektor ekonomi (lanjutan) c. By economic sector (continued)
2020 2019

Perdagangan, restoran dan hotel 8,226,524 8,118,070 Trading, restaurants and hotels
Perindustrian 38,635,139 31,887,716 Manufacturing
Pertanian 3,847,153 2,461,428 Agriculture
Konstruksi 732,515 842,311 Construction
Jasa dunia usaha 12,804,551 12,005,961 Business services
dan komunikasi 10,163,684 4,067,911 and communications
Jasa pelayanan sosial 2,735,253 2,071,968 Social services
Listrik, gas dan air 15,338,970 17,175,163 Electricity, gas and water
Pertambangan 9,604,360 7,540,442 Mining
Lain-lain 2,302,910 3,779,917 Others
104,391,059 89,950,887
Total 586,206,787 556,770,947 Total
Neto 541,978,801 539,862,076 Net
d. Berdasarkan penilaian secara kolektif dan d. By assessment as collective and

individual individual
2020 2019
Pokok Principal
Individual 58,497,026 35,167,757 Individual
Kolektif 527,709,761 521,603,190 Collective
586,206,787 556,770,947
Individual (32,006,262) (7,410,545) Individual
Kolektif (12,221,724) (9,498,326) Collective
(44,227,986) (16,908,871)
Neto 541,978,801 539,862,076 Net
e. Berdasarkan kolektibilitas Bank Indonesia e. By Bank Indonesia collectibility
2020 2019
Cadangan Cadangan
kerugian kerugian
Allowance for Allowance for
Pokok/ impairment Pokok/ impairment
Principal losses Principal losses
Lancar 532,514,659 (11,541,893) 518,397,185 (5,593,192) Current

Dalam perhatian khusus 29,062,284 (13,779,071) 25,411,946 (5,344,815) Special mention
Kurang lancar 9,320,499 (7,044,918) 5,041,299 (1,455,723) Substandard
Diragukan 3,490,266 (2,520,742) 695,686 (362,440) Doubtful
Macet 11,819,079 (9,341,362) 7,224,831 (4,152,701) Loss
586,206,787 (44,227,986) 556,770,947 (16,908,871)
152
2020 Annual Report
f. Pinjaman bermasalah dan cadangan f. Non-performing loans and allowance for

kerugian penurunan nilai berdasarkan impairment losses by economic sector
sektor ekonomi
2020 2019
Cadangan Cadangan
kerugian kerugian
Allowance for Allowance for
Pokok/ impairment Pokok/ impairment
Principal losses Principal losses
Perdagangan, Trading, restaurants

restoran dan hotel 6,925,551 (5,377,981) 2,755,462 (1,528,984) and hotels
Perindustrian 8,207,291 (6,659,422) 3,531,806 (1,969,623) Manufacturing
Pertanian 1,368,557 (1,022,503) 181,011 (89,068) Agriculture
Konstruksi 1,226,174 (893,489) 312,209 (179,179) Construction
Jasa dunia usaha 898,906 (647,107) 2,383,891 (662,413) Business services
dan komunikasi 1,157,116 (917,484) 589,927 (208,672) and communications
Jasa pelayanan sosial 358,823 (218,624) 133,755 (96,539) Social services
Listrik, gas dan air 532,500 (338,426) 17,787 (15,093) Electricity, gas and water
Pertambangan 1,200,605 (1,001,814) 839,111 (82,503) Mining
Lain-lain 2,754,321 (1,830,172) 2,216,857 (1,138,790) Others
Total 24,629,844 (18,907,022) 12,961,816 (5,970,864) Total
Rasio kredit bermasalah BNI dan Entitas Anak The non-performing loans ratio of BNI
secara gross (sebelum dikurangi cadangan and Subsidiaries on a gross basis (before
kerugian penurunan nilai) pada tanggal deducting the allowance for impairment
31 Desember 2020 dan 2019 masing-masing losses) as of 31 December 2020 and
sebesar 4,20% dan 2,33% (rasio untuk BNI 2019 were 4.20% and 2.33%, respectively (the
saja 4,25% dan 2,27% masing-masing pada ratios for BNI only were 4.25% and 2.27% as
tanggal 31 Desember 2020 dan 2019), 31 December 2020 and 2019, respectively),
sedangkan rasio kredit bermasalah BNI dan while the non-performing loans ratio of BNI
Entitas Anak secara neto pada tanggal and Subsidiaries on a net basis as of
31 Desember 2020 dan 2019 masing-masing 31 December 2020 and 2019 were 0.98% and
sebesar 0,98% dan 1,26% (rasio untuk BNI 1.26%, respectively (the ratios for BNI only
saja 0,95% dan 1,25% masing-masing pada were 0.95% and 1.25% as of
tanggal 31 Desember 2020 dan 2019). 31 December 2020 and 2019, respectively).
g. Tingkat suku bunga per tahun g. Annual interest rates

Dolar
Amerika Serikat/
United States Yuan Cina/ Yen Jepang/
Rupiah Dollar Chinese Yuan Japanese Yen
% % % %
Bunga kontrak Contractual rates
2020 5.50 - 38.50 1.13 - 11.00 7.00 0.50 - 2.06 2020
2019 5.00 - 26.95 1.00 - 11.00 7.00 0.50 - 5.55 2019
Bunga efektif Effective interest rate

2020 6.00 - 43.20 1.13 - 12.49 7.00 0.50 - 2.06 2020
2019 6.00 - 34.66 1.00 - 11.28 7.56 - 7.68 0.50 - 5.55 2019
153
2020 Annual Report
h. Pinjaman yang direstrukturisasi h. Restructured loans
Berikut ini adalah jenis dan jumlah kredit yang Below are the types and amounts of
telah direstrukturisasi per 31 Desember 2020 restructured loans as of 31 December 2020
dan 2019: and 2019:
2020 2019
Penurunan suku bunga kredit 32,359,550 3,985,551 Reduction of interest rates

Perpanjangan jangka waktu 45,581,922 7,923,855 Extension of loan maturity dates
Lainnya*) 70,996,797 26,500,347 Others*)
Total 148,938,269 38,409,753 Total
*) Program restrukturisasi lain-lain terutama terdiri dari *) Other restructuring scheme mainly includes additions
penambahan fasilitas kredit, Perjanjian Penyelesaian of loan facilities, debt settlement agreements (PPH)
Hutang (PPH) dan Interest Balloon Payment (IBP). and Interest Balloon Payments (IBP).
Jumlah kredit yang telah direstrukturisasi dan Restructured loans and those categorized as
dalam kategori kredit bermasalah pada tanggal non-performing loan amounted to
31 Desember 2020 dan 2019 adalah masing- Rp12,673,131 and Rp5,638,373 as of 31
masing sebesar Rp12.673.131 dan December 2020 and 2019, respectively.
Rp5.638.373.
BNI telah melakukan restrukturisasi kredit BNI has restructured credit for debtors affected
untuk debitur yang terdampak pandemi by the Covid-19 pandemic in accordance with
Covid-19 sesuai dengan POJK POJK No. 11/POJK.03/2020, “National
No. 11/POJK.03/2020, “Stimulus Economic Stimulus as countercyclical Policy
Perekonomian Nasional sebagai kebijakan Impact of Coronavirus Disease spread 2019.
countercyclical Dampak Penyebaran dated 13 March 2020.
Coronavirus Disease 2019” tertanggal
13 Maret 2020.
Sehubungan dengan kepatuhan terhadap In compliance with Financial Service Authority

Otoritas Jasa Keuangan (OJK), Bank (OJK), the Bank implements OJK Regulation
menerapkan Peraturan OJK No. 40/POJK.03/2019 dated 19 December
No. 40/POJK.03/2019 tanggal 2019 regarding “Assessment of Commercial
19 Desember 2019 tentang “Penilaian Kualitas Banks’ Asset Quality” which amended
Aset Bank Umum” yang kemudian diubah subsequently by OJK Regulation No.
dengan Peraturan OJK No. 48/POJK.03/2020 48/POJK.03/2020 regarding “Amandement on
tentang “Perubahan atas Peraturan Otoritas Financial Service Authority Regulation No.
Jasa Keuangan Nomor 11/POJK.03/2020 11/POJK.03/2020 regarding National
tentang Stimulus Perekonomian Nasional Economic Stimulus as countercyclical policy
sebagai kebijakan countercyclical dampak impact of Corona virus Disease Spread 2019”
penyebarab Corona Virus Disease 2019” dated 3 December 2020.
tanggal 3 Desember 2020.
i. Pinjaman sindikasi i. Syndicated loans
Pinjaman sindikasi merupakan pinjaman yang Syndicated loans represent loans provided to
diberikan kepada debitur berdasarkan debtors based on syndication agreements with
perjanjian pembiayaan bersama dengan bank- other banks.
bank lain.
Keikutsertaan Grup dalam pinjaman sindikasi Group participation in syndicated loans with
dengan bank-bank lain adalah sebesar other banks amounted to Rp51,776,605 and
Rp51.776.605 dan Rp55.351.752 masing- Rp55,351,752 as of 31 December 2020 and
masing pada tanggal 31 Desember 2020 dan 2019, respectively.
2019.
154
2020 Annual Report

i. Pinjaman sindikasi (lanjutan) i. Syndicated loans (continued)
Persentase bagian BNI dalam pinjaman BNI’s percentage shares in syndicated loans,
sindikasi, dimana BNI bertindak sebagai in which BNI acts as the lead arranger, is as
pimpinan sindikasi adalah sebagai berikut follows:
2020 2019
% Partisipasi 5.04% - 83.30% 14.43% - 93.00% % Participation
Keikutsertaan BNI dalam pinjaman sindikasi, BNI’s participation in syndicated loans, in

dimana BNI bertindak sebagai anggota which BNI acts as the syndication member, is
sindikasi adalah sebagai berikut: as follows:
2020 2019
% Partisipasi 4.40% - 66.58% 0.23% - 42.00% % Participation
j. Nilai tercatat bruto dan cadangan kerugian j. Gross carrying amount and allowance for
31 December 2020/31 December 2020

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -

Nilai tercatat 1 Januari 445,200,093 52,724,663 26,197,119 32,649,072 556,770,947 Balance at 1 January
12 bulan (68,618,747) 68,618,747 - - - 12-month ECL-
mengalami penurunan nilai (279,505) (16,312,048) 16,591,553 - - impaired -
penyisihan kerugian (65,630,573) (6,996,028) (2,401,486) 928,258 (74,099,829) loss allowance
diterbitkan atau dibeli 193,136,800 28,239,763 3,760,838 - 225,137,401 originated or purchased
Pembayaran kembali (101,194,101) (10,241,823) (562,537) - (111,998,461) Repayment
155
2020 Annual Report

j. Nilai tercatat bruto dan cadangan kerugian j. Gross carrying amount and allowance for
berikut: (lanjutan) as follows: (continued)

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Penghapusbukuan (9,542) (50,202) (9,709,804) (477,012) (10,246,560) Write-offs

keuangan yang telah Recoveries of amounts
dihapusbukukan - - - - previously written off
lain (847,972) 1,421,292 69,969 - 643,289 other movements
Nilai tercatat 31 Desember 446,363,559 72,797,258 33,945,652 33,100,318 586,206,787 Balance at 31 December

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
12 bulan/12- Not Credit- Credit- Syariah /
month ECL impaired impaired Sharia Total/Total
Saldo 1 Januari 3,649,460 6,648,545 21,209,015 1,054,478 32,561,498 Balance at 1 January

12 bulan (1,781,541) 1,781,541 - - - 12-month ECL-
mengalami penurunan nilai 1,363,739 (953,311) (410,428) - - impaired -
penyisihan kerugian (5,121,161) 10,494,687 11,761,446 552,035 17,687,007 loss allowance
diterbitkan atau dibeli 1,643,746 2,350,895 2,956,790 - 6,951,431 originated or purchased
Pembayaran kembali (1,801,414) (1,485,593) (34,003) - (3,321,010) Repayment
156
2020 Annual Report
j. Cadangan kerugian penurunan nilai j. Allowance for impairment losses

Kerugian kredit
umurnya - sepanjang
12 bulan/12- Not Credit- Lifetime ECL Syariah /
month ECL impaired Credit-impaired Sharia Total/Total
Penghapusbukuan (9,542) (50,202) (9,709,804) (477,012) (10,246,560) Write-offs

keuangan yang telah Recoveries of amounts
dihapusbukukan - - 327,758 159,896 487,654 previously written off
lain (325,004) (82,098) 515,068 - 107,966 other movements
Nilai tercatat 31 Desember 3,509,181 12,813,566 26,615,842 1,289,397 44,227,986 Balance at 31 December
Perubahan cadangan kerugian penurunan nilai The 2019 Allowance for losses based on
2019 berdasarkan PSAK No. 55. SFAS No. 55.
31 Desember 2019/
31 December 2019
Saldo awal 14,891,609 Beginning balance
Penyisihan selama tahun berjalan 7,404,164 Provision during the year

Penerimaan kembali pinjaman
yang telah dihapusbukukan 333,552 Recovery of written off loans
Penghapusan selama tahun berjalan (6,021,334) Write-offs during the year
Penyesuaian karena
penjabaran mata uang asing 300,880 Foreign exchange translation adjustment
Saldo akhir 16,908,871 Ending balance
cadangan kerugian penurunan nilai di atas impairment losses above is adequate.
telah memadai.
k. Kredit dihapusbukukan k. Loans written off
Kredit yang telah dihapusbukukan oleh BNI The loans written off by BNI are recorded as
dicatat sebagai kredit ekstra-komtabel di extra-comptable in the administrative account.
dalam rekening administratif.
157
2020 Annual Report
l. Fasilitas pembiayaan dengan perusahaan l. Financing arrangements with multi-finance

pembiayaan companies
BNI memiliki perjanjian pembiayaan dengan BNI has financing arrangements with several
beberapa lembaga pembiayaan untuk multi-finance companies with respect to motor
membiayai kepemilikan kendaraan bermotor vehicles financing amounting to Rp1,610,532
sebesar Rp1.610.532 dan Rp1.669.968 and Rp1,669,968 as of 31 December 2020
masing-masing pada tanggal 31 Desember and 2019, respectively.
2020 dan 2019.
Perjanjian pembiayaan hak recourse di atas, As of 31 December 2020 and 2019, the above
dengan perusahaan pembiayaan terkait recourse arrangements with the respective
adalah sebesar 100% masing-masing pada multi-finance companies were 100% of the
tanggal 31 Desember 2020 dan 2019 dari total loans under respective financing
jumlah kredit yang diberikan berdasarkan arrangements. In case of default by the
perjanjian pembiayaan tersebut. Apabila terjadi borrowers, BNI has recourse against the
wanprestasi atas debitur, BNI memiliki hak respective multi-finance companies.
recourse terhadap perusahaan pembiayaan
yang terkait.
m. Informasi pokok lainnya sehubungan m. Other significant information relating to

dengan pinjaman yang diberikan loans
Grup memiliki agunan atas pinjaman yang The Group holds collateral against loans in the
diberikan dalam bentuk kas, deposito, agunan form of cash, deposits, registered mortgages,
yang diikat dengan hipotik, garansi serta guarantees and other assets held as
jaminan dalam bentuk aset lainnya. collaterals.
Termasuk di dalam pinjaman yang diberikan Loans include sharia receivables amounting to
adalah pembiayaan syariah masing-masing Rp33,100,318 and Rp32,649,072 as of
sebesar Rp33.100.318 dan Rp32.649.072 31 December 2020 and 2019, respectively.
pada tanggal 31 Desember 2020 dan
2019.
Pinjaman karyawan adalah pinjaman yang Loans to employees which carried interest rate
diberikan kepada karyawan dengan tingkat of 3% - 5% per annum are intended for
bunga sebesar 3% - 5% per tahun yang purchase of houses and other necessities with
ditujukan untuk pembelian rumah dan 1 year to 20 years period. The loan principal
keperluan lainnya dengan jangka waktu and interest payments are settled through
berkisar antara 1 tahun sampai 20 tahun. monthly payroll deductions.
Pembayaran pokok pinjaman dan bunga
dilunasi melalui pemotongan gaji setiap bulan.
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, there is
2019, tidak terdapat pelanggaran maupun neither any breach nor violation of Legal
pelampauan Batas Maksimum Pemberian Lending Limit (LLL) to related parties and third
Kredit (BMPK) kepada pihak berelasi dan parties as required by Regulation of Financial
pihak ketiga sesuai dengan peraturan yang Services Authority.
ditetapkan Otoritas Jasa Keuangan.
158
2020 Annual Report
m. Informasi pokok lainnya sehubungan m. Other significant information relating to

dengan pinjaman yang diberikan (lanjutan) loans (continued)
Rasio kredit usaha mikro dan kecil terhadap The micro and small scale loans to total loans
jumlah kredit yang diberikan BNI per ratio for BNI and the small scale loans to total
31 Desember 2020 dan 2019 masing-masing loans ratio for BNI as of 31 December 2020
adalah sebesar 11,60% dan 10,74%, and 2019 were 11.60% and 10.74%,
sedangkan bila rasio tersebut ditambahkan respectively, whereas if that ratio is added with
dengan kredit menengah maka rasionya middle scale loans, the ratio will become
menjadi sebesar 20,66% dan 20,37% masing- 20.66% and 20.37% as of 31 December 2020
masing untuk tanggal 31 Desember 2020 dan and 2019, respectively.
2019.
13. OBLIGASI PEMERINTAH 13. GOVERNMENT BONDS
Seluruh transaksi Obligasi Pemerintah merupakan All Government Bond transactions are related
pihak berelasi. party.

Nilai Nilai
Nominal/ Tercatat/
Nominal Carryingl
Value Value
Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Tingkat bunga tetap 2,364,048 2,963,890 Fixed rate

Tingkat bunga tetap 51,634 58,954 Fixed rate


Rupiah Rupiah
Tingkat bunga mengambang 100,000 100,012 Floating rate
42,665,820 46,845,810
Tingkat bunga mengambang - - Floating rate
10,988,422 11,826,510

penghasilan komprehensif lain 53,654,242 58,672,320 other comprehensive income

Rupiah Rupiah
Tingkat bunga tetap, Fixed rate,
setelah diskonto/premi net of unamortized
yang belum diamortisasi, sebesar discount/premium of Rp479,090
Rp479.090 per 31 Desember 2020 18,896,121 19,375,211 as of 31 December 2020
159
2020 Annual Report
13. OBLIGASI PEMERINTAH (lanjutan) 13. GOVERNMENT BONDS (continued)
Nilai Nilai
Nominal/ Tercatat/
Nominal Carryingl
Value Value

yang belum diamortisasi sebesar discount/premium of Rp72,573
Rp72.573 per 31 Desember 2020 9,518,173 9,590,746 as of 31 December 2020
Tingkat bunga mengambang - - Floating rate
9,518,173 9,590,746
Total biaya perolehan diamortisasi 28,414,294 28,965,957 Total amortized cost
Total Obligasi Pemerintah 90,661,121 Total Government Bonds

Obligasi Pemerintah - neto 90,659,318 Government Bonds - net
Nilai Nilai
Nominal/ Tercatat/
Nominal Carryingl
Value Value
Nilai wajar melalui Fair value through

laporan laba rugi profit or loss
Rupiah Rupiah

Tingkat bunga tetap 141,254 149,340 Fixed rate


Rupiah Rupiah
Tingkat bunga mengambang 2,094,150 2,094,171 Floating rate
40,853,563 41,727,960

Tingkat bunga mengambang 1,474,600 1,574,826 Floating rate
13,236,552 13,987,309
Total tersedia untuk dijual 54,090,115 55,715,269 Total available-for-sale

Rupiah Rupiah
yang belum diamortisasi, discount/premium of
sebesar Rp1.214.680 Rp1,214,680 as of
per 31 Desember 2019 13,318,407 12,103,727 31 December 2019

Tingkat bunga tetap,
setelah diskonto/ premi Fixed rate,
yang belum diamortisasi net of unamortized
sebesar Rp133.543 discount/premium of Rp133,543
per 31 Desember 2019 9,356,114 9,489,657 as of 31 December 2019
Tingkat bunga mengambang 388,710 393,652 Floating rate
9,744,824 9,883,309
Total dimiliki hingga

jatuh tempo 23,063,231 21,987,036 Total held-to-maturity
Total Obligasi Pemerintah 82,273,746 81,029,020 Total Government Bonds
160
2020 Annual Report
Jumlah nominal Obligasi Pemerintah yang The total outstanding nominal amount of
diterima BNI dari program rekapitalisasi Government Bonds received by BNI from the
masing-masing sebesar Rp100.000 dan recapitalization program amounted to
Rp2.094.150 pada tanggal 31 Desember 2020 Rp100,000 and Rp2,094,150 as of 31
dan 2019. December 2020 and 2019, respectively.
Jumlah Obligasi Pemerintah yang The total Government Bonds at fair value
dikelompokkan sebagai nilai wajar melalui through other comprehensive income sold
penghasilan komprehensif lain yang dijual during the current year are as follows:
selama tahun berjalan adalah sebagai berikut:
Total dijual/ Kepada pihak ketiga/
Sold To third parties
Nilai nominal/ Nilai nominal/ Harga jual/

Nominal value Nominal value Selling price
Tahun yang berakhir pada tanggal

31 Desember 2020 2,470,000 2,010,000 2,239,844 Year ended 31 December 2020
Tahun yang berakhir pada tanggal
31 Desember 2019 1,070,000 1,070,000 1,120,665 Year ended 31 December 2019
Jumlah nilai nominal Obligasi Pemerintah yang Total nominal amount of Government Bonds
telah jatuh tempo 31 Desember 2020 dan which have matured amounted to Rp2,451,614
2019 adalah sebesar masing-masing and Rp2,938,472 as of 31 December 2020
Rp2.451.614 an Rp2.938.472. and 2019, respectively.
Untuk obligasi tingkat bunga mengambang, For floating interest rate bonds, the market
harga pasar Obligasi Pemerintah adalah 100% price of Government Bonds is 100% and 100%
dan 100% pada tanggal 31 Desember 2020 as of 31 December 2020 and 2019 of the
dan 2019 dari nilai nominal. nominal amounts.
Untuk tingkat bunga tetap, harga pasar For fixed interest rate bonds, the market price
Obligasi Pemerintah berkisar antara 95,35% of Government Bonds ranged from 95.35% to
sampai dengan 132,86% dan antara 80,97% 132.86% and from 80.97% to 126.60% as of
sampai dengan 126,60% masing-masing pada of 31 December 2020 and 2019, respectively.
tanggal 31 Desember 2020 dan 2019.
BNI mengakui adanya keuntungan atau BNI recognized the unrealized gains or losses
kerugian yang belum direalisasi atas from the changes in the market value of the
perubahan nilai pasar Obligasi Pemerintah Government Bonds categorized as fair value
dalam kelompok nilai wajar melalui through other comprehensive income (net of
penghasilan komprehensif lain (neto setelah taxes) in the amount of Rp361,878 (gain) and
pajak) sebesar Rp361.878 (untung) dan Rp549,433 (loss) for the years ended
Rp549.433 (rugi) masing-masing untuk tahun 31 December 2020 and 2019, respectively,
yang berakhir pada tanggal both recorded in the equity section of the
31 Desember 2020 dan 2019 yang dicatat consolidated statement of financial position.
pada bagian ekuitas laporan posisi keuangan
konsolidasian.
Pada 31 Desember 2020 dan 2019, Obligasi As of 31 December 2020 and 2019, the fixed
Pemerintah dengan tingkat bunga tetap rate government bonds have been sold under
dengan jumlah nominal Rp2.990.081 dan agreements to repurchase at maturity with
Rp2.252.166 telah dijual dengan janji dibeli nominal amount of Rp2,990,081 and
kembali hingga jatuh tempo (lihat Catatan 22). Rp2,252,166, respectively (refer to Note 22).
161
2020 Annual Report
b. Berdasarkan kisaran tanggal jatuh tempo b. Based on maturity date and type of interest
dan jenis bunga rate
Nilai wajar melalui laba rugi Fair value through profit of loss
Obligasi tingkat bunga tetap 08/01/2021 - 15/04/2070 Fixed rate bonds
Obligasi tingkat bunga
mengambang 25/04/2025 Floating rate bonds
Diperdagangkan Trading
mengambang 25/07/2020 Floating rate bonds
mengambang 26/04/2020 - 24/04/2028 Floating rate bonds
c. Nilai tercatat bruto dan badangan kerugian c. Gross sarrying amount and allowance for

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
month ECL impaired impaired Syariah/Sharia Total
Obligasi Pemerintah yang

diukur pada biaya perolehan Government Bond at
diamortisasi amortized cost
Nilai tercatat 1 Januari 16,056,449 - - 5,930,587 21,987,036 Balance at 1 January

diterbitkan atau dibeli 8,343,991 - - 507,739 8,851,730 originated or purchased
lain (357,367) - - - (357,367) other movements
Nilai tercatat 31 Desember 22,527,631 - - 6,438,326 28,965,957 Balance at 31 December
162
2020 Annual Report
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses


Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
month ECL impaired impaired Syariah/Sharia Total*)

melalui penghasilan Government Bond at
Nilai tercatat 1 Januari 54,963,937 - - 751,322 55,715,269 Balance at 1 January

Pembayaran kembali (799,886) - - (698,446) (1,498,332) Repayment
lain (311,396) - - - (311,396) other movements
Nilai tercatat 31 Desember 58,619,434 - - 52,886 58,672,320 Balance at 31 December

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
month ECL impaired impaired Syariah/Sharia Total

diukur pada biaya perolehan Government Bond at
diamortisasi amortized cost
Saldo 1 Januari 1,377 - - - 1,377 Balance at 1 January

penyisihan kerugian 425 - - - 425 loss allowance
lain 1 - - - 1 other movements
Saldo 31 Desember 1,803 - - - 1,803 Balance at 31 December
163
2020 Annual Report
c. Cadangan kerugian penurunan nilai c. Allowance for impairment losses


Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
month ECL impaired impaired Syariah/Sharia Total*)

melalui penghasilan Government Bond at
Saldo 1 Januari - - - - - Balance at 1 January

penyisihan kerugian 2,382 - - - 2,382 loss allowance
Pembayaran kembali (2,132) - - - (2,132) Repayment
lain 31 - - - 31 other movements
Balance at 31
Saldo 31 Desember 2,105 - - - 2,105 December
*)
Cadangan kerugian penurunan nilai pada obligasi pemerintah *)
Allowance for impairment losses on goverment bonds
dengan klasifikasi nilai wajar melalui penghasilan classified as fair value through other comprehensive
komprehensif lain dicatat pada penghasilan komprehensif lain, income is recorded in other comprehensive income,
karena nilai tercatatnya disajikan sebesar nilai wajarnya. because the carrying value is presented at fair value.
cadangan kerugian penurunan nilai di atas impairment losses above is adequate.
telah memadai.
d. Tingkat suku bunga tetap tahunan d. Annual fixed interest rates
Amerika Serikat/
United States Dolar Singapura/ Euro Eropa/ Yen Jepang/
Rupiah Dollar Singapore Dollar European Euro Japanese Yen
% % % % %
Suku bunga: Interest rate:

2020 5.45 - 12.90 1.86 - 5.86 2.25 - 3.13 0.95 - 1.40 0.92 - 3.00 2020
2019 5.45 - 12.90 1.13 - 5.88 1.94 - 3.25 1.41 - 1.78 0.83 - 2.50 2019
e. Tingkat suku bunga mengambang tahunan e. Annual floating interest rates

Tingkat suku bunga per tahun/
Annual interest rates
2020 4.04% 2020

2019 5.80% 2019
164
2020 Annual Report
14. EFEK-EFEK YANG DIBELI DENGAN JANJI 14. SECURITIES PURCHASED UNDER
DIJUAL KEMBALI AGREEMENTS TO RESELL
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreements to resell
pada tanggal 31 Desember 2020 dan as of 31 December 2020 and 2019 are as follows:
2019 terdiri dari:
Pendapatan
Nilai Bunga yang
Jenis Nilai Penjualan Belum Nilai
Sekuritas/ Nominal/ Tanggal Jatuh Kembali/ Direalisasi/ Tercatat/
Type of Nominal Tanggal Dimulai/ Tempo/ Resale Unrealized Carrying
Counterparty Securities Amount Start Date Maturity Date Amount Interest Value
Pihak ketiga/Third parties
Bank Indonesia, Jakarta OBN 5,000,000 30/12/2020 06/01/2021 4,794,490 2,995 4,791,495
Bank Indonesia, Jakarta OBN 1,000,000 29/12/2020 05/01/2021 1,012,707 527 1,012,180
Bank Indonesia, Jakarta OBN 807,500 28/12/2020 04/01/2021 807,058 336 806,722
8,200,000 8,017,097 5,096 8,012,001
Pihak berelasi/Related parties

PT Bank Rakyat Indonesia (persero) OBN 500,000 17/12/2020 15/01/2021 468,756 740 468,016
PT Bank Rakyat Indonesia (persero) OBN 200,000 15/12/2020 15/01/2021 186,368 294 186,074
700,000 655,124 1,034 654,090

Pendapatan
Nilai Bunga yang
Jenis Nilai Penjualan Belum Nilai
Sekuritas/ Nominal/ Tanggal Jatuh Kembali/ Direalisasi/ Tercatat/
Type of Nominal Tanggal Dimulai/ Tempo/ Resale Unrealized Carrying
Counterparty Securities Amount Start Date Maturity Date Amount Interest Value
Bank Indonesia, Jakarta OBN 398,230 18/10/2019 16/10/2020 380,674 15,923 364,751
448,230 427,372 15,930 411,442
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under agreements to resell
tersebut di atas diklasifikasikan sebagai lancar. are classified as current.
Tingkat suku bunga tetap tahunan: Annual fixed interest rates:

Rupiah
%
Suku bunga kontrak: Contractual interest rate:
2020 3.75 - 4.57 2020
2019 5.04 - 5.50 2019
15. BEBAN DIBAYAR DIMUKA 15. PREPAID EXPENSES

Beban dibayar dimuka terdiri dari: Prepaid expenses consist of:
2020 2019
Asuransi 1,355,093 565,001 Insurance
Sewa dibayar dimuka 733,750 1,240,308 Prepaid rent
Perbaikan dan pemeliharaan 306,009 309,566 Service and maintenance
Biaya tangguhan 218,439 249,537 Deferred expenses
Promosi 89,412 126,231 Promotion
Lainnya 104,389 118,616 Others
2,807,092 2,609,259
165
2020 Annual Report
15. BEBAN DIBAYAR DIMUKA 15. PREPAID EXPENSES

Beban dibayar dimuka terdiri dari: Prepaid expenses consist of:
2020 2019
Asuransi 1,355,093 565,001 Insurance
Sewa dibayar dimuka 733,750 1,240,308 Prepaid rent
Perbaikan dan pemeliharaan 306,009 309,566 Service and maintenance
Biaya tangguhan 218,439 249,537 Deferred expenses
Promosi 89,412 126,231 Promotion
2,807,092 2,609,259
16. PENYERTAAN SAHAM 16. EQUITY INVESTMENTS

Penyertaan jangka panjang Long-term equity investments
Nilai Wajar/
Fair Value
31 Desember 2020/
31 December 2020
Klasifikasi nilai wajar melalui Classified as fair value through
penghasilan komprehensif lain 530,262 other comprehensive income
Klasifikasi nilai wajar melalui Classified as fair value
laba rugi 282,825 through profit and loss
813,087
Nilai Tercatat/
Carrying Value
31 Desember 2019/
31 December 2019
Klasifikasi tersedia untuk dijual 985,007 Classified as available-for-sale
523,103
Penyertaan jangka panjang berdasarkan The classification of long-term equity investments

kolektibilitas Bank Indonesia adalah: based on Bank Indonesia collectibility are as
follows:
2020 2019
Lancar 530,262 260,669 Current
Kurang lancar 282,825 724,338 Substandard
Total 813,087 985,007 Total
penurunan nilai - (461,904) losses
Neto 813,087 523,103 Net
Perubahan penyisihan penurunan nilai 2019 The 2019 allowance for impairment losses based on
berdasarkan PSAK No. 55 (BNI dan entitas anak). SFAS No. 55 (BNI and subsidiaries).
31 Desember 2019/
31 December 2019
Pembentukan tahun berjalan 280,820 Provison during the year
Neto 461,904 Net
166
2020 Annual Report
16. PENYERTAAN SAHAM (lanjutan) 16. EQUITY INVESTMENTS (continued)
Penyertaan jangka panjang (lanjutan) Long-term equity investments (continued)
Pada tanggal 1 Januari 2020, Grup On 1 January 2020, the Group designated certain
mengklafisikasikan investasi berikut pada nilai investment as at fair value through comprehensive
wajar melalui penghasilan komprehensif lain. income (FVOCI). The FVOCI designation was
Klasifikasi pada nilai wajar melalui penghasilan made because the investments are expected to be
komprehensif lain dibuat dengan pertimbangan held for the long-term strategic purposes.
investasi akan dimiliki dalam jangka panjang untuk
kepentingan strategis.
Penyertaan pada perusahaan asosiasi adalah The long-term equity investments in associate
sebagai berikut: companies are as follows:
Persentase Kepemilikan/
Percentage of Ownership
Kegiatan Usaha/
Nama Perusahaan Business Activity 2020 2019 Company’s Name
31 Desember 2020: 31 December 2020:

PT Penyelesaian Transaksi Elektronik Jasa Sistem Pembayaran/ PT Penyelesaian Transaksi Elektronik
Nasional (PTEN) Financing Payment System 17.50% - Nasional (PTEN)
PT Swadharma Nusantara Pembiayaan PT Swadharma Nusantara Pembiayaan
(dahulu PT Swadharma Surya Finance) Pembiayaan/Financing 6.92% - (formerly PT Swadharma Surya Finance)
PT Bursa Efek Indonesia Bursa efek/Stock exchange 1.20% - PT Bursa Efek Indonesia
PT Kustodian Sentral Efek Lembaga penyelesaian efek/ PT Kustodian Sentral Efek
Indonesia Settlement and depository 2.50% - Indonesia
PT Pemeringkat Efek Pemeringkat efek/ PT Pemeringkat Efek
Indonesia Credit rating agency 0.64% - Indonesia
PT Bank Mizuho Indonesia Bank/Banking 1.00% - PT Bank Mizuho Indonesia
PT Bank Tabungan Pensiunan Nasional Tbk Bank/Banking 0.15% - PT Bank Tabungan Pensiunan Nasional Tbk
Jasa Sistem Pembayaran/
PT Fintek Karya Nusantara Financing Payment System 10.19% - PT Fintek Karya Nusantara
Nilai wajar melalui laba rugi Fair value through profit and loss
PT PANN Pembiayaan Maritim Pembiayaan/Financing 48.40% - PT PANN Pembiayaan Maritim
31 Desember 2019: tersedia untuk dijual 31 December 2019: available for sale
PT Penyelesaian Transaksi Elektronik Jasa Sistem Pembayaran/ PT Penyelesaian Transaksi Elektronik
Nasional (PTEN) Financing Payment System - 17.50% Nasional (PTEN)
PT Sarana Bersama Pembiayaan PT Sarana Bersama Pembiayaan
Indonesia Investasi/Investment - 8.00% Indonesia
PT Swadharma Nusantara Pembiayaan Pembiayaan/Financing PT Swadharma Nusantara Pembiayaan
(dahulu PT Swadharma Surya (formerly PT Swadharma Surya
Finance) - 6.92% Finance)
PT Bursa Efek Indonesia Bursa efek/Stock exchange - 1.20% PT Bursa Efek Indonesia
PT Kustodian Sentral Efek Lembaga penyelesaian efek/ PT Kustodian Sentral Efek
Indonesia Settlement and depository - 2.50% Indonesia
PT Pemeringkat Efek Pemeringkat efek/ PT Pemeringkat Efek
Indonesia Credit rating agency - 0.64% Indonesia
PT Bank Mizuho Indonesia Bank/Banking - 1.00% PT Bank Mizuho Indonesia
PT Bank Tabungan Pensiunan Nasional Tbk Bank/Banking - 0.15% PT Bank Tabungan Pensiunan Nasional Tbk
PT PANN Pembiayaan Maritim Pembiayaan/Financing - 48.40% PT PANN Pembiayaan Maritim
Jasa Sistem Pembayaran/
PT Fintek Karya Nusantara Financing Payment System - 10.95% PT Fintek Karya Nusantara
167
2020 Annual Report
17. ASET LAIN-LAIN - NETO 17. OTHER ASSETS - NET
Aset lain-lain - neto terdiri dari: Other assets - net consist of:
2020 2019
Piutang terkait transaksi ATM dan Receivables from transactions

kartu kredit 3,908,683 3,220,178 related to ATM and credit card
Piutang lain-lain 3,874,790 3,785,287 Other receivables
Piutang bunga 2,382,329 2,571,286 Interest receivables
Agunan yang diambil alih setelah
dikurangi cadangan kerugian Foreclosed collaterals, net of
penurunan nilai sebesar Rp247.507 allowance for impairment losses of
pada tanggal 31 Desember 2020 dan Rp247,507 as of 31 December 2020
Rp148.051 pada tanggal and Rp148,051 as of
31 Desember 2019 1,867,506 1,163,563 31 December 2019
Persediaan kantor 92,095 192,220 Office supplies
Beban ditangguhkan 77,778 84,444 Deferred expenses
Lain-lain setelah dikurangi cadangan Others, net of allowance for
kerugian penurunan nilai sebesar Rp32.339 impairment losses of Rp32,339 as of
pada tanggal 31 Desember 2020 dan Rp33.790 31 December 2020 and Rp33,790
pada tanggal 31 Desember 2019 1,554,630 783,957 as of 31 December 2019
Total 13,757,811 11,800,935 Total
Pada tanggal 31 Desember 2020, piutang bunga As of 31 December 2020, interest receivables are
sebagian besar merupakan bunga yang berasal mostly comprised of interest from loans and
dari pinjaman yang diberikan dan Obligasi Government Bonds amounting to Rp876,734 and
Pemerintah masing-masing sebesar Rp876.734 Rp960,736, respectively (31 December 2019:
dan Rp960.736 (31 Desember 2019: Rp1.052.939 Rp1,052,939 and Rp948,188).
dan Rp948.188).
Piutang lain-lain sebagian besar merupakan Other receivables mostly comprised of

piutang kepada pemerintah, imbal jasa penjaminan governments receivables, guarantee fee and sale
dan penjualan obligasi. of bonds receivables.
BNI telah melakukan upaya penyelesaian atas BNI has made efforts to settle foreclosed
agunan yang diambil alih dengan melakukan upaya collaterals by making an attempt to sell in the form
penjualan dalam bentuk lelang atau of an auction or take over of collateral by investors
pengambilalihan agunan oleh investor atas agunan on foreclosed collaterals.
yang diambil alih.
Properti terbengkalai termasuk di dalam pos lain- Abandoned properties are included in “Others”
lain sebesar Rp1.924 setelah dikurangi cadangan amounting to Rp1,924, net of allowance for
kerugian penurunan nilai sebesar Rp28.642 pada impairment losses of Rp28,642, as of
tanggal 31 Desember 2020 dan 2019. 31 December 2020 and 2019.
BNI telah melakukan upaya penyelesaian atas BNI has made efforts to resolve abandoned
properti terbengkalai dalam bentuk pemanfaatan properties by utilizing them for the Bank's
untuk kegiatan operasional Bank (kantor, outlet, operational activities (offices, outlets, gallery,
galeri, rumah dinas dan gudang kearsipan). official houses and warehouse).
Manajemen berpendapat bahwa cadangan Management believes that the allowance for
kerugian penurunan nilai yang dibentuk atas aset- impairment losses on the respective assets
aset yang disebutkan di atas telah memadai. outlined above is adequate.
168
2020 Annual Report
18. ASET TETAP DAN ASET HAK GUNA 18. FIXED ASSETS AND RIGHT OF USE OF
ASSETS
Aset tetap kepemilikan langsung: Direct ownership of fixed assets:

31 Desember 2020/
31 December 2020
Saldo awal/ Saldo akhir/

Beginning Penambahan/ Pengurangan/ Reklasifikasi/ Ending
balance Additions Disposals Reclassification balance
Biaya perolehan Cost

Tanah 15,781,444 118,991 - 123,295 16,023,730 Land
Bangunan 6,487,266 183,957 - 528,993 7,200,216 Buildings
kendaraan bermotor 10,718,944 257,697 (135,269) 1,685,215 12,526,587 and motor vehicles
Total biaya perolehan 32,987,654 560,645 (135,269) 2,337,503 35,750,533 Total cost
Aset dalam penyelesaian 2,674,196 712,796 - (2,375,124) 1,011,868 Construction in progress
Aset hak guna 1,803,759 358,060 (3,596) 37,621 2,195,844 Right of use of assets
Total biaya perolehan 37,465,609 1,631,501 (138,865) - 38,958,245 Total cost
Akumulasi penyusutan Accumulated depreciation

Bangunan 820,511 459,781 - (32,589) 1,247,703 Buildings
kendaraan bermotor 8,316,580 1,568,131 (114,366) - 9,770,345 and motor vehicles
9,137,091 2,027,912 (114,366) (32,589) 11,018,048

Aset hak guna - 548,804 (3,596) 32,589 577,797 Right of use of assets
Total akumulasi penyusutan 9,137,091 2,576,716 (117,962) - 11,595,845 Total accumulated depreciation
Nilai buku neto 28,328,518 27,362,400 Net book value
31 Desember 2019/
31 December 2019


Tanah 15,556,693 226,494 (1,743) - 15,781,444 Land
Bangunan 5,612,268 59,537 (34,705) 850,166 6,487,266 Buildings
kendaraan bermotor 10,096,336 389,084 (162,158) 395,682 10,718,944 and motor vehicles
Total biaya perolehan 31,265,297 675,115 (198,606) 1,245,848 32,987,654 Total cost
Aset dalam penyelesaian 2,743,359 1,176,685 - (1,245,848) 2,674,196 Construction in progress
Total biaya perolehan 34,008,656 1,851,800 (198,606) - 35,661,850 Total cost

Bangunan 413,614 415,047 (8,150) - 820,511 Buildings
kendaraan bermotor 7,468,534 971,451 (123,405) - 8,316,580 and motor vehicles
Total akumulasi penyusutan 7,882,148 1,386,498 (131,555) - 9,137,091 Total accumulated depreciation
Beban penyusutan untuk tahun yang berakhir pada Depreciation expense for the year ended
tanggal 31 Desember 2020 dan 2019 masing- 31 December 2020 and 2019 amounted to
masing sebesar Rp2.576.716 dan Rp1.386.498. Rp2.576.716 and Rp1,386,498.
Aset tetap yang telah terdepresiasi penuh namun The fixed assets that have been fully depreciated
masih digunakan oleh Grup sebesar Rp6.961.677 but still in use by the Group amounted to
dan Rp5.646.888 masing-masing pada tanggal Rp6,961,677 and Rp5,646,888 as of 31 December
31 Desember 2020 dan 2019, antara lain berupa 2020 and 2019, respectively, including, among
perlengkapan kantor dan kendaraan bermotor. others, office equipment and motor vehicles.
169
2020 Annual Report
18. ASET TETAP DAN ASET HAK GUNA (lanjutan) 18. FIXED ASSETS AND RIGHT OF USE OF
ASSETS (continued)
Manajemen berkeyakinan bahwa tidak terdapat Management believes that there is no impairment
penurunan nilai aset tetap yang dimiliki Grup in the value of fixed assets owned by the Group
selama tahun berjalan karena manajemen during the year because management believes that
berpendapat bahwa nilai tercatat aset tetap tidak the carrying amounts of fixed assets do not exceed
melebihi estimasi nilai yang dapat diperoleh the estimated recoverable amount.
kembali.
Aset tetap Bank pada tanggal 31 Desember 2020 As of 31 December 2020, the fixed assets of the
diasuransikan terhadap risiko kebakaran dan Bank were insured against risk of fire and theft with
pencurian dengan nilai pertanggungan sebesar sum insured amounting to Rp16,679,758
Rp16.679.758 (31 Desember 2019: Rp12.383.031). (31 December 2019: Rp12,383,031). Management
Manajemen berpendapat bahwa nilai pertangungan believes that the sum insured is adequate to cover
tersebut cukup untuk menutupi kemungkinan possible losses on the assets insured.
kerugian atas aset tersebut.
Aset dalam penyelesaian pada tanggal Construction in progress as of 31 December 2020

31 Desember 2020 dan 2019 adalah sebagai and 2019 are as follows:
berikut:
2020 2019
Tanah 5,825 123,295 Land

Bangunan 501,753 851,504 Buildings
Peralatan kantor dan kendaraan Office equipment
bermotor 504,289 1,699,397 and motor vehicles
Total 1,011,867 2,674,196 Total
Estimasi persentase tingkat penyelesaian aset The estimated percentage of completion of

dalam penyelesaian pada tanggal 31 Desember construction in progress as of 31 December 2020
2020 adalah berkisar 0% - 94% dan 31 Desember is between 0% - 94% and 31 December 2019: 7% -
2019: 7% - 52%. 52%.
Nilai wajar tanah dan bangunan yang dimiliki Grup There is no significant difference between fair value
pada tanggal 31 Desember 2020 dan 2019 tidak and carrying value of land and building owned by
berbeda jauh dengan nilai tercatat karena Grup the Group as of 31 December 2020 and 2019
melakukan penilaian pada tanah dan bangunan because the Group performed revaluation over
pada tanggal 30 September 2018. land and buildings on 30 September 2018.
Tidak ada aset tetap yang dijaminkan. There were no fixed assets pledged as collateral.
Pada tanggal 30 September 2015, Grup melakukan On 30 September 2015, the Group changed their
perubahan kebijakan akuntansi atas tanah dan accounting policy of land and buildings from cost
bangunan dari sebelumnya menggunakan model model to revaluation model.
biaya menjadi model revaluasi.
170
2020 Annual Report
ASSETS (continued)
Berdasarkan keputusan Ketua Badan Pengawas Based on Decision of Chairman of Bapepam and
Pasar Modal Dan Lembaga Keuangan No. KEP- LK No. KEP-347/BL/2012 dated 25 June 2012,
347/BL/2012 tanggal 25 Juni 2012 tentang about the presentation and disclosure in financial
Penyajian dan Pengungkapan Laporan Keuangan report of issuer or a public company in point 27.e,
Emiten atau Perusahaan Publik butir 27.e, dengan by considering the book value of fixed assets (land
mempertimbangkan nilai buku aset tetap (tanah and buildings) that on which revaluation has been
dan bangunan) yang telah dilakukan revaluasi conducted in 2015, therefore on 31 December
pada tahun 2015, maka per tanggal 31 Desember 2018, the Group assigned registered independent
2018 Grup telah menugaskan perusahaan jasa appraisers to appraise (revaluate) its fixed assets
penilai terdaftar untuk melaksanakan penilaian (land and buildings). The Group has revalued the
(revaluasi) aset tetap (tanah dan bangunan). Grup value of that land and buildings not for tax purpose
melakukan penilaian kembali atas tanah dan rather for the compliance of the aforementioned
bangunan tersebut bukan untuk tujuan perpajakan Bapepam and LK regulation.
tetapi hanya untuk pemenuhan ketentuan
Bapepam dan LK tersebut.
Penilaian atas tanah dan bangunan dilakukan oleh The valuations of land and buildings are perfomed
penilai independen eksternal sebagai berikut: by the following external independent appraisers:
a) KJPP Toha Okky Heru dan Rekan a) KJPP Toha Okky Heru dan Rekan
b) KJPP Rengganis Hamid dan Rekan b) KJPP Rengganis Hamid dan Rekan
c) KJPP Benedictus Darmapuspita dan Rekan c) KJPP Benedictus Darmapuspita dan Rekan
d) KJPP Abdullah Fitriantoro dan Rekan d) KJPP Abdullah Fitriantoro dan Rekan
Penilaian dilakukan berdasarkan Standar Penilaian Valuations are performed based on Indonesian
Indonesia, ditentukan berdasarkan transaksi pasar Valuation Standards, determined based on
terkini dan dilakukan dengan ketentuan-ketentuan reference to recent market transactions done on
yang lazim. Metode penilaian yang dipakai adalah arm’s length terms and appropriate requirements.
metode data pasar, metode biaya dan metode The valuation methods used are market value
pendapatan. Elemen-elemen yang digunakan approach, cost approach and income approach.
dalam perbandingan data untuk menentukan nilai Elements used in data comparison to determine
wajar aset antara lain: fair value of assets, among others are as follows:
a) Jenis dan hak yang melekat pada properti a) Types and rights attached to the property
b) Kondisi pasar b) Market condition
c) Lokasi c) Location
d) Karakteristik fisik d) Physical characteristics
e) Karakteristik dalam menghasilkan pendapatan e) Income producing characteristics
f) Karakteristik tanah f) Land characteristics
Informasi mengenai penilaian kembali aset tetap Information on revaluation of land and buildings of
pada tanggal 31 Desember 2018 untuk kelompok the Group on 31 December 2018 located in
aset tanah dan bangunan Grup di Indonesia dan Indonesia and overseas are as follows:
luar negeri adalah sebagai berikut:
Nilai Buku sebelum Nilai Buku Setelah Keuntungan
Revaluasi/ Revaluasi/ (Kerugian) Revaluasi/
Carrying Amount Carrying Amount after Gain (Loss)
Before Revaluation Revaluation Revaluation
Tanah 14,097,701 15,511,328 1,413,627 Land

Bangunan 3,823,459 5,188,926 1,365,467 Buildings
Jumlah 17,921,160 20,700,254 2,779,094 Total
Penilaian kembali yang dilakukan atas tanah The revaluation of land resulted in an increase in
menghasilkan jumlah kenaikan nilai tercatat the carrying amount of land amounting to
sebesar Rp1.413.627 yang terdiri dari kenaikan Rp1,413,627 which consists of the increase in the
nilai tanah yang dicatat sebagai “Penghasilan carrying amount of land recognized as “Other
Komprehensif Lain” sebesar Rp1.418.055 dan Comprehensive Income” amounting to
penurunan nilai tanah yang diakui sebagai beban Rp1,418,055 and a decrease in carrying amount of
tahun berjalan sebesar Rp4.428. land recognized in the current year expenses
amounting to Rp4,428.
171
2020 Annual Report
ASSETS (continued)
Kenaikan nilai tercatat yang timbul dari revaluasi Increase in carrying amount of buildings from the
bangunan dicatat sebesar Rp1.365.467. Kenaikan revaluation of building is recorded at Rp1,365,467.
ini terdiri dari kenaikan nilai bangunan yang dicatat The increase consists of the increase in the
sebagai “Penghasilan Komprehensif Lain” sebesar carrying amount of buildings recognized in “Other
Rp1.397.454 dan penurunan nilai bangunan yang Comprehensive Income” amounting to
diakui sebagai beban tahun berjalan sebesar Rp1,397,454 and decrease in the carrying amount
Rp31.987. of buildings recognized in the curent year expenses
amounting to Rp31,987.
Secara total kenaikan nilai tercatat yang timbul dari In total, the increase in the carrying amount from
revaluasi tanah dan bangunan dicatat sebagai revaluation of land and buildings is recognized in
“Penghasilan Komprehensif Lain” adalah sebesar “Other Comprehensive Income” amounting to
Rp2.815.509. Penurunan nilai tercatat yang timbul Rp2,815,509. The decrease of carrying amount
dari revaluasi dicatat sebagai beban pada tahun from revaluation results recognized in current year
berjalan adalah sebesar Rp36.415. expenses amounting to Rp36,415.
Jika tanah dan bangunan dicatat sebesar harga If land and buildings were recorded using historical
perolehan, maka dicatat dalam jumlah sebagai cost basis, the amount would be as follows:
berikut:
2020 2019
Tanah 1,785,347 1,784,634 Land
Bangunan Buildings
Harga perolehan 2,876,301 2,762,960 Cost
Akumulasi penyusutan (2,572,463) (2,337,198) Accumulated depreciation
Nilai buku bangunan 303,838 425,762 Net book amount
Jumlah nilai buku bersih 2,089,185 2,210,396 Total net book value
Perubahan cadangan revaluasi aset neto setelah The movements in the asset revaluation reserve
pajak adalah sebagai berikut: net of tax are as follows:
Cadangan revaluasi aset,

neto setelah pajak/
Asset revaluation
reserve, net of tax
Saldo per 31 Desember 2019 14,946,879 Balance as of 31 December 2019
Dampak penyesuaian tarif pajak 16,082 Effect of tax rate
Saldo per 31 Desember 2020 14,962,961 Balance as of 31 December 2020
Pada tanggal 31 Desember 2020 dan 2019, selain As of 31 December 2020 and 2019, there is no
tanah dan bangunan, tidak terdapat perbedaan significant difference between the fair value and
yang signifikan antara nilai wajar aset tetap dengan carrying value of fixed assets other than land and
nilai tercatatnya. buildings.
Pada tahun 2015, Bank juga melakukan penilaian In 2015, the Bank also performed revaluation for
kembali atas tanah dan bangunan di Indonesia tax purposes of land and buildings located in
untuk tujuan perpajakan. Penilaian kembali Indonesia. The revaluation of the land and
dilakukan atas tanah dan bangunan dengan nilai buildings with fiscal book value before revaluation
buku pajak sebelum revaluasi sebesar amounting to Rp1,917,157 resulted in gain on
Rp1.917.157 dan menghasilkan keuntungan revaluation amounting to Rp6,337,806. The
revaluasi sebesar Rp6.337.806. Pembayaran pajak payment of final tax over the gain on revaluation
final atas keuntungan revaluasi sebesar Rp190.134 amounting to Rp190,134 was recorded as a
dicatat mengurangi “Cadangan Revaluasi Aset”. deduction of “Asset Revaluation Reserve”.
172
2020 Annual Report
ASSETS (continued)
Penilaian kembali tanah dan bangunan untuk Revaluation of land and bulidings for tax purposes
tujuan perpajakan dilakukan setelah mendapatkan is performed after approval from Directorate
persetujuan dari Direktorat Jenderal Pajak dengan General of Tax through its letter No. KEP-
Surat Keputusan No. KEP-2547/WPJ.19/2015 2547/WPJ.19/2015 dated 18 December 2015. BNI
tanggal 18 Desember 2015. BNI melakukan performed revaluation of fixed assets in
penilaian kembali aset tetap dengan mengacu accordance with the Finance Minister Regulation
pada ketentuan Peraturan Menteri Keuangan (PMK) No. 191/PMK.010/2015, dated 15 October
(PMK) No. 191/PMK.010/2015 tanggal 15 Oktober 2015, with its amendments (PMK
2015 sebagaimana telah diubah dengan PMK No. 233/PMK.03/2015) dated 21 December 2015.
No. 233/PMK.03/2015 tanggal 21 Desember 2015.
Ketentuan penyusutan fiskal aset tetap setelah The provision on the fiscal depreciation of fixed
penilaian kembali dengan tujuan perpajakan assets after revaluation for tax purposes is valid
dimulai sejak tanggal 1 Januari 2016. from 1 January 2016.
Aset hak guna per 31 Desember 2020 adalah Right of use of assets as of 31 December 2020 as
sebagai berikut: follows:
31 Desember 2020/
31 December 2020


Tanah dan bangunan 1,616,107 322,440 (2,018) - 1,936,529 Land and buildings
kendaraan bermotor 187,652 35,620 (1,578) 37,621 259,315 and motor vehicles
1,803,759 358,060 (3,596) 37,621 2,195,844

Tanah dan bangunan - 442,207 (2,018) - 440,189 Land and buildings
kendaraan bermotor - 106,597 (1,578) 32,589 137,608 and motor vehicles
- 548,804 (3,596) 32,589 577,797
Grup menyewa beberapa aset termasuk rumah The Group had rent a number of assets which
dinas, gedung kantor, ruang ATM, kendaraan dan include official houses, offices, ATM space, vehicle
lain-lain. Rata-rata masa sewa adalah 5 (lima) and others. The average of lease term is 5 (five)
tahun. years.
19. LIABILITAS SEGERA 19. OBLIGATIONS DUE IMMEDIATELY
2020 2019
Rupiah Rupiah
Kewajiban sebagai issuer bank (ATM) 3,353,056 2,644,441 Obligation as issuer bank
Simpanan sementara yang Temporary deposit transactions
belum diselesaikan 1,228,816 528,600 not yet settled
Kerjasama pihak ketiga 364,480 526,353 Third party agreements
Setoran pajak sebagai Tax collection received by BNI as
bank persepsi 224,620 240,327 collecting bank
Dana setoran smartpay 111,315 135,903 Fund deposits for smartpay
Dana Trust 24,921 12,381 Fund deposits for trust
Dana setoran cek 20,195 20,963 Fund deposits for cheques
Kiriman uang 10,693 17,870 Money transfers
5,366,484 4,179,120
173
2020 Annual Report
19. LIABILITAS SEGERA (lanjutan) 19. OBLIGATIONS DUE IMMEDIATELY (continued)
2020 2019

Dana Trust 126,792 879,851 Fund deposits for trust
Kiriman uang 34,285 47,186 Money transfers
Setoran pajak sebagai Tax collection received by BNI as
bank persepsi 18,866 28,567 collecting Bank
Simpanan sementara yang Temporary deposit transactions
belum diselesaikan 10,163 133,872 not yet settled
Kerjasama pihak ketiga 4,112 4,209 Third party agreements
194,218 1,093,685
Total 5,560,702 5,272,805 Total
20. SIMPANAN NASABAH 20. DEPOSITS FROM CUSTOMERS
Informasi mengenai simpanan berdasarkan pihak Information with respect to transactions with related
yang berelasi diungkapkan pada Catatan 46l. parties are disclosed in Note 46l.
2020 2019
Rupiah Rupiah
Giro 162,545,774 149,427,278 Current accounts
Tabungan 209,030,866 183,273,747 Savings accounts
Deposito berjangka 162,350,211 152,575,054 Time deposits
533,926,851 485,276,079

113,644,893 97,264,546
Total 647,571,744 582,540,625 Total
Perincian simpanan nasabah berdasarkan Deposits from customers based on currencies

mata uang adalah sebagai berikut: are as follows:
2020 2019
Rupiah 533,926,851 485,276,079 Rupiah
174
2020 Annual Report
20. SIMPANAN NASABAH (lanjutan) 20. DEPOSITS FROM CUSTOMERS (continued)
2020 2019
Euro Eropa 1,115,894 4,582,612 European Euro
Yen Jepang 816,551 1,349,992 Japanese Yen
113,644,893 97,264,546
Total 647,571,744 582,540,625 Total
Simpanan nasabah berdasarkan prinsip Deposits from customers based on sharia

syariah termasuk di dalamnya adalah giro principles include wadiah current accounts,
wadiah, tabungan wadiah, tabungan wadiah savings, Mudharabah savings and
Mudharabah dan deposito Mudharabah. Mudharabah deposits.
Giro wadiah dan tabungan wadiah merupakan Wadiah current accounts and wadiah savings
simpanan wadiah yad-dhamanah dimana represent a wadiah yad-dhamanah deposit in
pemilik dana akan memperoleh pendapatan which the customers are entitled to receive
bonus. Jumlah giro wadiah pada tanggal- bonus income. The balances of wadiah current
tanggal 31 Desember 2020 dan 2019, masing- accounts as of 31 December 2020 and
masing sebesar Rp2.660.071 dan 2019 were Rp2,660,071 and Rp2,888,042,
Rp2.888.042, sedangkan jumlah tabungan respectively, while the balances of wadiah
wadiah masing-masing sebesar savings were Rp12,407,769 and Rp9,052,362,
Rp12.407.769 dan Rp9.052.362. respectively.
Berdasarkan Undang-Undang No. 24 tanggal Based on Law No. 24 dated 22 September

22 September 2004 yang berlaku efektif sejak 2004, effective on 22 September 2005, which
tanggal 22 September 2005, sebagaimana was amended by the Government Regulation
diubah dengan Peraturan Pemerintah No. 3 dated 13 October 2008, the Indonesia
Pengganti Undang-Undang Republik Deposit Insurance Agency (LPS) was formed
Indonesia No. 3 tanggal 13 Oktober 2008, to guarantee certain liabilities of commercial
Lembaga Penjaminan Simpanan (LPS) banks under the applicable guarantee
dibentuk untuk menjamin liabilitas tertentu program, which the amount of guarantee can
bank-bank umum berdasarkan program be amended if the situation complies with the
penjaminan yang berlaku, yang besaran nilai valid particular criteria.
jaminannya dapat berubah jika memenuhi
kriteria tertentu yang berlaku.
Berdasarkan Peraturan Pemerintah Republik Based on Government Regulation No. 66 Year

Indonesia No. 66 Tahun 2008 tanggal 2008 dated 13 October 2008 regarding The
13 Oktober 2008 mengenai Besarnya Nilai Amount of Deposit Guaranteed by Indonesia
Simpanan yang dijamin Lembaga Penjaminan Deposit Insurance Corporation, the amount of
Simpanan, jumlah simpanan yang dijamin LPS deposits covered by LPS is up to Rp2,000 per
adalah simpanan sampai dengan Rp2.000 depositor per bank.
untuk per nasabah per bank.
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, BNI was a
2019, BNI adalah peserta dari program participant of the above guarantee program.
penjaminan tersebut.
175
2020 Annual Report
2020 2019

Rupiah Rupiah
Tabungan 171,451 224,305 Savings accounts
71,094,864 57,164,175
39,290,975 31,927,782

Rupiah Rupiah
462,831,987 428,111,904
74,353,918 65,336,764
Total 647,571,744 582,540,625 Total
c. Tabungan berdasarkan jenis c. Savings accounts by type
2020 2019
Tabungan BNI 210,696,113 181,694,610 BNI savings accounts

Tabungan Syariah 10,163,324 7,014,767 Sharia savings accounts
Tabungan Haji 2,826,242 2,680,651 Hajj savings accounts
Total 223,685,679 191,390,028 Total
176
2020 Annual Report
d. Deposito berjangka berdasarkan jangka d. Time deposits by contractual period

waktu kontrak
2020 2019
<1 bulan 4,899,398 3,632,242 <1 month

1 - <3 bulan 64,909,982 64,568,267 1 - <3 months
3 - <6 bulan 94,350,571 83,979,911 3 - <6 months
6 - 12 bulan 20,705,902 22,885,852 6 - 12 months
>12 bulan 14,357,342 13,857,501 >12 months
199,223,195 188,923,773
e. Simpanan yang diblokir dan dijadikan e. Deposits blocked and pledged as collateral
jaminan
2020 2019

Total 68,756,199 62,197,145 Total
f. Tingkat suku bunga dan bagi hasil per f. Annual interest rates and profit sharing
tahun
Dolar
Amerika Serikat/ Dolar
United States Singapura/ Euro Eropa/ Yen Jepang/
Rupiah Dollar Singapore Dollar European Euro Japanese Yen
% % % % %
2020 0.00 - 8.00 0.00 - 3.65 0.00 - 0.50 0.00 - 0.75 0.00 - 0.01 2020
2019 0.00 - 9.85 0.00 - 4.55 0.05 - 0.50 0.00 - 0.10 0.00 - 0.45 2019
21. SIMPANAN DARI BANK LAIN 21. DEPOSITS FROM OTHER BANKS
Informasi mengenai simpanan berdasarkan pihak Information with respect to transactions with related
yang berelasi diungkapkan pada Catatan 46m. parties are disclosed in Note 46m.
2020 2019
Rupiah Rupiah
Negotiable Certificate of Deposit 373,453 3,150,868 Negotiable Certificate of Deposits
Giro 652,800 1,042,107 Current accounts
Simpanan lainnya 880,351 466,571 Other deposits
2,010,469 4,764,357
177
2020 Annual Report
21. SIMPANAN DARI BANK LAIN (lanjutan) 21. DEPOSITS FROM OTHER BANKS (continued)
2020 2019

Pinjaman pasar uang antar bank 2,654,735 3,805,475 Interbank money market
7,012,562 6,819,919
Total 9,023,031 11,584,276 Total
Simpanan dari bank lain berdasarkan prinsip Deposits from other banks based on sharia
syariah termasuk di dalamnya adalah giro principles include wadiah demand deposits
wadiah dan tabungan Wadiah. and Wadiah’s saving deposits.
Jumlah giro wadiah pada tanggal-tanggal The balances of wadiah demand deposits as
31 Desember 2020 dan 2019, masing-masing of 31 December 2020 and 2019 were
sebesar Rp15.300 dan Rp22.569. Rp15,300 and Rp22,569, respectively.
Perincian simpanan dari bank lain berdasarkan Deposits from other banks based on
mata uang adalah sebagai berikut: currencies are as follows:
2020 2019
Rupiah 2,010,469 4,764,357 Rupiah

Real Arab Saudi 23 29 Saudi Arabian real
Dolar Australia 8 8 Australian Dollar
Franc Swiss 6 9 Swiss Franc
Dolar Kanada 2 4 Canadian Dollar
Yuan China 2 - Chinese Yuan
7,012,562 6,819,919
Total 9,023,031 11,584,276 Total
178
2020 Annual Report
21. SIMPANAN DARI BANK LAIN (lanjutan) 21. DEPOSITS FROM OTHER BANKS (continued)
2020 2019

Rupiah Rupiah
Negotiable Certificate of Deposit 98,036 775,554 Negotiable Certificate of Deposits
Giro 1,279 1,326 Current accounts
99,315 776,880

Pinjaman pasar uang antar bank 904,820 1,456,274 Interbank money market
Deposito berjangka - - Time deposits
984,429 1,701,658

Rupiah Rupiah
Negotiable Certificate of Deposit 275,417 2,375,314 Negotiable Certificate of Deposits
Giro 651,521 1,040,781 Current accounts
1,911,154 3,987,477
Pinjaman pasar uang antar bank 1,749,915 2,349,201 Interbank money market
6,028,133 5,118,261
Total 9,023,031 11,584,276 Total
c. Berdasarkan tingkat suku bunga dan bagi c. By annual interest rates and profit sharing
hasil per tahun
Dolar
Amerika Serikat/ Dolar Singapura/
United States Yen Jepang/ Singapore
Rupiah Dollar Japanese Yen Dollar
% % % %
2020 0.00 - 5.48 0.00 - 1.27 0.00 - 0.35 0.00 - 1.00 2020
2019 0.00 - 7.70 0.00 - 3.30 0.00 - 0.35 0.00 - 1.93 2019
d. Simpanan yang diblokir dan dijadikan d. Deposits blocked and pledged as collateral
jaminan
2020 2019

Total 165,396 173,940 Total
179
2020 Annual Report
22. EFEK-EFEK YANG DIJUAL DENGAN JANJI 22. SECURITIES SOLD UNDER AGREEMENTS TO
DIBELI KEMBALI REPURCHASE
Beban
Bunga yang
Nilai Belum
Jenis Nilai Pembelian Diamortisasi/ Nilai
Sekuritas/ Nominal/ Tanggal Jatuh Kembali/ Unamortized Bersih/
Type of Nominal Tanggal Dimulai/ Tempo/ Repurchase Interest Net
Counterparty Securities Amount Start Date Maturity Date Amount Expenses Value

Mata uang asing/Foreign currencies
BNP Paribas Paris OBN 962,425 11/12/2020 03/12/2021 890,421 6,313 884,108
Standard Chartered Bank,Jakarta OBN 504,000 11/05/2020 15/05/2022 432,274 9,665 422,609
UOB Singapore OBN 351,250 07/09/2020 09/03/2021 369,168 1,110 368,057
BNP Paribas Jakarta OBN 454,250 11/05/2020 15/05/2022 359,890 7,904 351,986
Standard Chartered Bank, Jakarta OBN 356,000 11/05/2020 15/05/2023 296,772 14,861 281,911
JP Morgan Chase Bank, Jakarta OBN 362,156 11/05/2020 15/05/2022 288,231 6,635 281,597
2,990,081 2,636,756 46,488 2,590,268
Total pihak ketiga/Third parties 2,990,081 2,636,756 46,488 2,590,268
Total 2,990,081 2,636,756 46,488 2,590,268
Beban
Bunga yang
Nilai Belum
Jenis Nilai Pembelian Diamortisasi/ Nilai
Sekuritas/ Nominal/ Tanggal Jatuh Kembali/ Unamortized Bersih/
Type of Nominal Tanggal Dimulai/ Tempo/ Repurchase Interest Net
Counterparty Securities Amount Start Date Maturity Date Amount Expenses Value

Rupiah
BNP Paribas Jakarta OBN 395,500 09/09/2016 15/11/2020 464,240 28,556 435,683
Bank Indonesia OBN 25,000 11/11/2019 10/02/2020 26,230 154 26,076
440,500 510,926 28,869 482,057
Mata uang asing/Foreign currencies
BNP Paribas Paris OBN 978,716 23/12/2019 11/12/2020 891,890 19,725 872,165
UOB Singapore OBN 416,475 16/12/2019 18/03/2020 664,932 237,628 427,303
ING Bank Amsterdam OBN 416,475 06/06/2019 15/06/2020 866,548 464,671 401,878
1,811,666 2,423,370 722,024 1,701,346
Total pihak ketiga/Third parties 2,252,166 2,934,297 750,893 2,183,403
Total 2,252,166 2,934,297 750,893 2,183,403
Tingkat suku bunga tetap tahunan: Annual fixed interest rates:

Dolar
Amerika Serikat/
Rupiah United States Dollar
% %
Suku bunga kontrak: Contractual interest rate:
2020 - 0.60 - 2.20 2020
2019 5.35 - 7.55 2.20 - 2.72 2019
180
2020 Annual Report
23. LIABILITAS AKSEPTASI 23. ACCEPTANCE PAYABLES
a. Berdasarkan pihak dan mata uang a. By party and currency
2020 2019
Rupiah Rupiah
Bank 2,720,050 2,553,729 Banks
Kreditur non-bank 265,083 143,206 Non-bank creditors
2,985,133 2,696,935

Bank 2,345,273 2,550,205 Banks
Kreditur non-bank 169,954 94,300 Non-bank creditors
2,515,227 2,644,505
Total 5,500,360 5,341,440 Total
Perincian liabilitas akseptasi berdasarkan mata Acceptance payables based on currencies are
uang adalah sebagai berikut: as follows:
2020 2019
Rupiah 2,985,133 2,696,935 Rupiah

Dolar Singapura 80 - Singapore Dollar
2,515,227 2,644,505
Total 5,500,360 5,341,440 Total
2020 2019

Mata uang asing 15,993 - Foreign currencies
Rupiah 2,254,643 1,837,026 Rupiah
Total 5,500,360 5,341,440 Total
181
2020 Annual Report
24. BEBAN YANG MASIH HARUS DIBAYAR 24. ACCRUED EXPENSES
Beban yang masih harus dibayar terdiri dari: Accrued expenses consist of the following:
2020 2019
Biaya kantor 438,895 396,396 Office expenses

Biaya teknologi dan Technology and
telekomunikasi 387,790 347,863 telecommunication expenses
Kewajiban Sebagai Bank Penerbit 126,594 19,507 Issuer Bank Liabilities
Biaya loyalty 78,501 75,934 Loyalty expenses
Deposito Mudharabah 30,337 52,001 Mudharabah time deposits
Biaya promosi 9,053 29,845 Sales promotion expenses
Total 1,181,534 997,259 Total
25. PENYISIHAN 25. PROVISION
2020 2019
Estimasi kerugian atas komitmen Estimated losses from commitments

dan kontinjensi 1,376,013 139,358 and contigencies
Penyisihan atas perkara hukum 45,901 45,661 Provision for legal cases
Total 1,421,914 185,019 Total
a. Perubahan cadangan atas perkara hukum a. The movements of the allowance for legal
adalah sebagai berikut: cases are as follows:
2020 2019
Saldo awal 45,661 46,116 Beginning balance

Penyisihan (pembalikan) Provision
selama tahun berjalan 240 (455) (reversal) during the year
Saldo akhir 45,901 45,661 Ending balance
Bank saat ini masih menghadapi The Bank has a number of outstanding
permasalahan hukum diantaranya dengan litigation cases, including lawsuits with
debitur, pemilik dana dan/atau pihak ketiga. debtors, fund owners and/or third parties.
Saat ini permasalahan hukum tersebut masih Currently, litigation cases are still in the legal
dalam proses/upaya hukum. process.
Jumlah klaim terhadap Bank dan estimasi The Bank’s total potential financial exposure
biaya penyelesaian perkara atas tuntutan and estimation on settlement of legal cases
hukum yang belum selesai pada tanggal arising from outstanding lawsuits as of
31 Desember 2020 dan 2019 masing-masing 31 December 2020 and 2019 amounted to
sebesar Rp33.134 dan Rp33.297. Pada Rp33,134 and Rp33,297, respectively. As of
tanggal 31 Desember 2020 dan 2019, 31 December 2020 and 2019, Management
Manajemen berpendapat bahwa jumlah believes that the provision for legal cases is
cadangan atas perkara hukum telah memadai. adequate.
182
2020 Annual Report
25. PENYISIHAN (lanjutan) 25. PROVISION (continued)
b. Perubahan nilai tercatat bruto pada komitmen b. The movements of gross carrying amount on
dan kontinjensi adalah sebagai berikut: commitments and contingencies are as
follows:

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
month ECL impaired impaired Syariah Total/Total
Garansi bank yang

diterbitkan Bank guarantees issued
Nilai tercatat 1 Januari 56,949,902 765,593 88,263 55,496 57,859,254 Balance at 1 January
12 bulan 1,913,316 (1,913,316) - - - 12-month ECL-
sepanjang umurnya - tidak Lifetime ECL not credit-
mengalami penurunan nilai (9,037,852) 9,037,852 - - - impaired -
sepanjang umurnya - Lifetime ECL credit-
mengalami penurunan nilai (115,412) (103,670) 219,082 - - impaired -
penyisihan kerugian (51,213,584) (1,198,531) (116,555) 26,423 (52,502,247) loss allowance
diterbitkan atau dibeli 55,739,819 2,087,704 41,549 - 57,869,072 originated or purchased
Pembayaran kembali (5,909,315) - - - (5,909,315) Repayment
lain 195,685 11,647 (2,305) - 205,027 other movements
Nilai tercatat 31 Desember 48,522,559 8,687,279 230,034 81,919 57,521,791 Balance at 31 December
183
2020 Annual Report
b. Perubahan nilai tercatat bruto pada komitmen b. The movements of gross carrying amount on
(lanjutan) follows: (continued)

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Irrevocable letters of
Irrevocable letters of credit credit
Nilai tercatat 1 Januari 8,091,282 88,579 973,424 17,081 9,170,366 Balance at 1 January
12 bulan 468,737 (468,737) - - - 12-month ECL-
mengalami penurunan nilai (2,669,605) 2,669,605 - - - impaired -
mengalami penurunan nilai (260) (230) 490 - - impaired -
penyisihan kerugian 3,776,809 518,974 (598,877) (15,255) 3,681,651 loss allowance
diterbitkan atau dibeli 12,225,761 593,761 1,571,545 - 14,391,067 originated or purchased
Pembayaran kembali (15,004,399) (537,352) (1,621,025) - (17,162,776) Repayment

lain 109,243 (53,326) (22,929) - 32,988 other movements
Nilai tercatat 31 Desember 6,997,568 2,811,274 302,628 1,826 10,113,296 Balance at 31 December
184
2020 Annual Report
b. Perubahan estimasi kerugian pada komitmen b. The movements of estimated losses on

follows:

Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Garansi bank yang

diterbitkan Bank guarantees issued
Saldo 1 Januari 73,273 24,742 11,752 568 110,335 Balance at 1 January

12 bulan 28,765 (28,765) - - - 12-month ECL-
mengalami penurunan nilai (167) 2,292 (2,125) - - impaired -
penyisihan kerugian (60,188) 164,015 88,428 256 192,511 loss allowance
diterbitkan atau dibeli 109,882 43,404 3,340 - 156,626 originated or purchased
Pembayaran kembali (10,273) - - - (10,273) Repayment
lain (43,827) 6,404 (3,387) - (40,810) other movements
Saldo 31 Desember 81,008 228,549 98,008 824 408,389 Balance at 31 December
185
2020 Annual Report


Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Irrevocable letters of
Irrevocable letters of credit credit
Saldo 1 Januari 7,940 988 - 171 9,099 Balance at 1 January

12 bulan 7,259 (7,259) - - - 12-month ECL-
mengalami penurunan nilai - (101) 101 - - impaired -
penyisihan kerugian 12,915 26,694 (58,439) (153) (18,983) loss allowance
diterbitkan atau dibeli 22,559 6,193 224,966 - 253,718 originated or purchased
lain (89) (194) (433) - (716) other movements
Saldo 31 Desember 13,936 30,198 67,549 18 111,701 Balance at 31 December
186
2020 Annual Report


Kerugian Kerugian
kredit kredit
sepanjang sepanjang
umurnya - umurnya -
Fasilitas kredit kepada Unused loan facilities to

nasabah yang belum ditarik debtors
Saldo 1 Januari 569,403 134 398 - 569,935 Balance at 1 January
mengalami penurunan nilai (2,429) (12) 2,441 - - impaired -
penyisihan kerugian (333,098) (170,629) (2,809) - (506,536) loss allowance
Pembayaran kembali 705,105 - - - 705,105 Repayment

Foreign exchange and
Valuta asing dan perubahan lain (1,274) (33) (30) - (1,337) other movements
Saldo 31 Desember 855,920 - - - 855,920 Balance at 31 December
Perubahan penyisihan kerugian 2019 berdasarkan The 2019 Allowance for losses based on SFAS
PSAK No. 55. No. 55.
31 Desember 2019/
31 December 2019

Pembalikan selama tahun berjalan Reversal during the year
Penyesuaian karena penjabaran (4,068) Foreign exchange translation
mata uang asing 12,023 adjustment
Saldo Akhir 139,358 Ending Balance
Manajemen berpendapat bahwa estimasi kerugian Management believes that the estimated losses on
pada komitmen dan kontinjensi di atas telah commitments and contingencies are adequate.
memadai.
187
2020 Annual Report
26. LIABILITAS LAIN-LAIN 26. OTHER LIABILITIES
2020 2019
Utang ke pemegang polis 13,628,993 11,638,907 Obligation to policy holders

Liabilitas sewa 1,270,076 - Lease liabilities
Kewajiban pada pihak ketiga 870,998 657,012 Liability to third parties
Setoran jaminan 659,780 367,381 Guarantee deposits
Utang bunga 422,672 809,661 Interest payable
Utang nasabah - Entitas anak 337,834 227,687 Payable to customers - Subsidiary
Rekening dalam penyelesaian 215,858 228,249 Unsettled account
Pendapatan yang belum diakui 88,912 143,718 Unearned income
Utang reasuransi dan komisi 54,704 87,971 Reinsurance payable and commission
Total 18,280,485 14,900,956 Total
Jumlah beban bunga atas liabilitas sewa sebesar The balances of interest expense from lease
Rp92.159 pada tanggal 31 Desember 2020. liabilities amounted to Rp92,159 as of
31 December 2020.
Analisis jatuh tempo liabilitas lain-lain terkait sewa The maturity analysis of other liabilities related to
adalah sebagai berikut: lease is as follows:
31 Desember 2020/
31 December 2020
1 tahun 124,556 1 year

2 tahun 121,241 2 years
Total 1,270,076 Total
27. PERPAJAKAN 27. TAXATION
a. Pajak dibayar dimuka a. Prepaid taxes
2020 2019
Pajak penghasilan badan Corporate income tax

BNI 1,048,889 1,048,889 BNI
Entitas Anak 898 1,090 Subsidiaries
Total 1,049,787 1,049,979 Total
188
2020 Annual Report
27. PERPAJAKAN (lanjutan) 27. TAXATION (continued)
b. Utang pajak b. Taxes payable
2020 2019
Pajak penghasilan badan Corporate income tax

BNI BNI
Pasal 25 - 126,161 Article 25
Pasal 29 917,428 238,750 Article 29
Entitas Anak Subsidiaries

Pasal 25 21,780 12,510 Article 25
Pasal 29 52,829 79,177 Article 29
Total pajak penghasilan badan 992,037 456,598 Total corporate income tax
Pajak lainnya Other taxes
BNI 112,852 78,934 BNI
Entitas Anak 42,888 32,279 Subsidiaries
Total pajak lainnya 155,740 111,213 Total other taxes
Total 1,147,777 567,811 Total
c. Beban pajak c. Tax expense
2020 2019
BNI BNI
Kini 2,008,644 3,800,662 Current
Periode lalu dari
hasil pemeriksaan pajak - 1,497 Prior year tax examination
Tangguhan (413,155) (154,265) Deferred
Pajak penghasilan - BNI 1,595,489 3,647,894 Income tax - BNI
Entitas Anak Subsidiaries
Kini 209,680 305,276 Current
Tangguhan (14,458) (92,647) Deferred
Pajak penghasilan - Entitas Anak 195,222 212,629 Income tax - Subsidiaries
Total 1,790,711 3,860,523 Total
189
2020 Annual Report
c. Beban pajak (lanjutan) c. Tax expense (continued)
Rekonsiliasi antara beban pajak penghasilan The reconciliation between income tax
dengan hasil perkalian laba akuntansi sebelum expense and the theoretical tax amount on the
pajak penghasilan dan tarif pajak yang berlaku profit before income tax is as follows:
2020 2019
Laba konsolidasian Consolidated income

sebelum pajak penghasilan 5,112,153 19,369,106 before income tax
Pajak dihitung dengan tarif Tax calculated at applicable
pajak yang berlaku 994,153 3,947,203 tax rates
Pendapatan yang tidak dapat
dikurangkan untuk tujuan perpajakan, Income not deductible for tax purpose
termasuk dampak perubahan tarif pajak including effect of changes in tax rate
BNI 79,619 (5,755) BNI

Entitas Anak 27,699 (82,422) Subsidiaries
107,318 (88,177)
Total dampak pajak penghasilan 1,101,471 3,859,026 Total tax effect
Dampak penyesuaian
tarif pajak 689,240 - Effect of tax rate adjustments
Koreksi hasil pemeriksaan pajak

penghasilan tahun sebelumnya - 1,497 Correction of tax audit result
Beban pajak 1,790,711 3,860,523 Tax expense
Rekonsiliasi antara laba sebelum pajak A reconciliation between the income before
penghasilan menurut laba rugi BNI dengan tax as shown in BNI’s profit and loss and
estimasi penghasilan kena pajak adalah estimated taxable income is as follows:
sebagai berikut:
2020 2019
Grup The Group

Laba konsolidasian Consolidated income
sebelum pajak penghasilan 5,112,153 19,369,106 before income tax
Laba sebelum pajak penghasilan Income before income tax
dari Entitas Anak (761,469) (1,108,348) of Subsidiaries
Laba sebelum pajak penghasilan - BNI 4,350,684 18,260,758 Income before income tax - BNI
190
2020 Annual Report
2020 2019
Beda waktu Timing differences

- Penyusutan aset tetap 489,541 77,503 Depreciation of fixed assets -
- Pencadangan (pembalikan)
kerugian penurunan Provision for (reversal of) -
nilai aset produktif - pinjaman impairment losses
yang diberikan 4,615,042 (227,843) on earning assets - loans
- Pembalikan cadangan hukum, Reversal of allowance -
kecurangan (fraud) dan lainnya (1,882) (793) for legal, fraud and others
- Laba (rugi) yang belum
direalisasi atas efek Unrealized gain (loss) on trading -
yang diperdagangkan dan securities and derivative
transaksi derivatif (948,315) 78,316 transactions
- Pembentukan cadangan Provision for allowance -
imbalan kerja 398,625 235,850 for employee benefits
- Penambahan cadangan
kerugian penurunan nilai aset Provison for impairment -
produktif selain pinjaman earning assets - other than
yang diberikan 1,249,064 608,292 loans
5,802,075 771,325
Beda tetap Permanent differences

- Kenikmatan karyawan 314,063 320,585 Employees’ fringe benefits -
- Keuntungan atas reksadana (374,686) (451,203) Gain on mutual funds
- Lain-lain 479,673 101,843 Others -
419,050 (28,775)
Penghasilan kena pajak - BNI 10,571,809 19,003,308 Taxable income - BNI
Beban pajak penghasilan tahun berjalan dan Taxable income for the current year and the
taksiran utang pajak penghasilan BNI adalah estimated corporate income tax payable of BNI
sebagai berikut: are as follows:
2020 2019
Beban pajak penghasilan sesuai Income tax based on the
tarif pajak yang berlaku applicable tax rates
19% x Rp10.571.809 2,008,644 - 19% x Rp10,571,809
20% x Rp 19.003.308 - 3,800,662 20% x Rp19,003,308
Beban pajak penghasilan 2,008,644 3,800,662 Corporate income tax expense
Pajak dibayar dimuka (1,091,216) (3,561,912) Prepaid tax
Utang pajak Corporate income tax
penghasilan - BNI 917,428 238,750 payable - BNI
191
2020 Annual Report
Pada tanggal 31 Maret 2020, Pemerintah On 31 March 2020, the Government issue
menerbitkan Peraturan Pemerintah Pengganti Government Regulation in Lieu of Law (Perpu)
Undang-Undang (Perpu) Republik Indonesia of the Republic of Indonesia No. 1 of 2020
No. 1 Tahun 2020 yang telah menjadi which has become Law (UU) No. 2 of 2020, as
Undang-Undang (UU) No. 2 Tahun 2020, well as stipulated Government Regulation (PP)
serta menetapkan Peraturan Pemerintah (PP) No. 30 of 2020 concerning Tariff Reduction for
No. 30 Tahun 2020 tentang Penurunan Tarif Domestic Public Companies Taxpayers and
Pajak Penghasilan bagi Wajib Pajak Badan effective since 19 June 2020. The regulation
Dalam Negeri yang Berbentuk Perseroan has stipulated the reduction in the income tax
Terbuka dan berlaku sejak tanggal 19 Juni rates for domestic corporate taxpayers and
2020. Aturan tersebut menetapkan business establishments from 25% to 22% for
penurunan tarif pajak penghasilan wajib pajak Fiscal Year 2020 and 2021 and 20% for the
badan dalam negeri dan bentuk usaha tetap Fiscal Year 2022 onwards, and a further
dari semula 25% menjadi 22% untuk tahun reduction of the tax rate by 3% for domestic
pajak 2020 dan 2021 dan 20% mulai tahun taxpayers who meet certain requirements.
pajak 2022 dan seterusnya, serta
pengurangan lebih lanjut tarif pajak sebesar
3% untuk wajib pajak dalam negeri yang
memenuhi persyaratan tertentu.
Berdasarkan Undang-undang No. 36 Tahun Based on Law No. 36 of 2008 dated 23

2008 tanggal 23 September 2008 tentang September 2008 concerning Income Tax and
Pajak Penghasilan dan Peraturan Pemerintah Government Regulation No. 77 of 2013 dated
No. 77 Tahun 2013 tanggal 21 November 21 November 2013, which is subsequently
2013, yang kemudian dicabut dan digantikan replaced by Government Regulation No. 56 of
oleh Peraturan Pemerintah No. 56 Tahun 2015 dated 3 August 2015 and Regulation of
2015 tanggal 3 Agustus 2015 dan Peraturan the Minister of Finance No. 238/PMK.03/2008
Menteri Keuangan No. 238/PMK.03/2008 dated 30 December 2008 regarding
tanggal 30 Desember 2008 tentang Tata Cara Procedures for Implementation and
Pelaksanaan dan Pengawasan Pemberian Supervision of Tariff Reduction for Domestic
Penurunan Tarif Bagi Wajib Pajak Badan Public Companies Taxpayers, which stipulates
Dalam Negeri yang Berbentuk Perseroan that domestic public companies in Indonesia
Terbuka yang mengatur bahwa perseroan can obtain income tax rate reduction facilities
terbuka dalam negeri di Indonesia dapat more than 5% lower than the existing highest
memperoleh fasilitas penurunan tarif Pajak income tax rate by fulfilling several
penghasilan sebesar 5% lebih rendah dari requirements which are at least 40% of the
tarif tertinggi pajak penghasilan yang ada total paid-up shares are listed and traded in
dengan memenuhi beberapa persyaratan the Indonesia Stock Exchange, the shares are
tertentu, yaitu paling sedikit 40% (empat owned by at least 300 parties and each party
puluh persen) dari jumlah keseluruhan saham can only own less than 5% of the total paid up
yang disetor dicatat untuk diperdagangkan di shares. The above requirements must be
Bursa Efek Indonesia, saham tersebut harus fulfilled by the Tax Payer at the minimum 183
dimiliki paling sedikit oleh 300 pihak, serta (one hundred and eighty three) calendar days
masing-masing pihak hanya boleh memiliki in a period of 1 (one) fiscal year.
saham kurang dari 5% dari keseluruhan
saham ditempatkan dan disetor penuh.
Ketentuan sebagaimana dimaksud di atas
harus dipenuhi dalam waktu paling singkat
183 (seratus delapan puluh tiga) hari
kalender dalam jangka waktu 1 (satu) tahun
pajak.
192
2020 Annual Report
Berdasarkan Laporan Bulanan Kepemilikan Based on the Monthly Shareholding Report

Saham Nomor DE/I/2021-0281 tanggal 8 Number DE/I/2021-0281 dated 8 January 2021
Januari 2021 dan Nomor DE/I/2020-0146 and Number DE/I/2020-0146 dated 6 January
tanggal 6 Januari 2020 dari Biro Administrasi 2020 from the Registrar, Datindo Entrycom,
Efek, Datindo Entrycom, atas kepemilikan regarding BNI’s shares during the years 2020
saham BNI selama tahun 2020 dan 2019, and 2019, BNI has met all criteria mentioned
semua kriteria untuk memperoleh fasilitas above to obtain a facility of tax rate reduction.
penurunan tarif pajak tersebut di atas telah
terpenuhi.
Pajak penghasilan badan BNI untuk tahun BNI's corporate income tax for the year ended
yang berakhir pada tanggal-tanggal 31 December 2020 and 2019 are calculated
31 Desember 2020 dan 2019 telah dihitung using the tax rate of 19% and 20%.
dengan menggunakan tarif pajak 19% dan
20%.
d. Aset pajak tangguhan - neto d. Deferred tax assets - net
Aset pajak tangguhan pada tanggal-tanggal The deferred tax assets as of 31 December
31 Desember 2020 dan 2019 merupakan 2020 and 2019 represent the tax effects on the
pengaruh beda pajak dengan rincian sebagai following:
berikut:
Dikreditkan/
(dibebankan) ke
laporan laba rugi
Dampak Dampak komprehensif
penerapan perubahan konsolidasian/
awal PSAK tarif pajak Credited/
71/ yang (charged) to
Effect of ditangguhkan/ Consolidated
initial Effect of statement of profit Dibebankan
Saldo awal/ implemen changes in or loss and other ke ekuitas/ Saldo akhir/
Beginning tation tax rate - comprehensive Charged to Ending
balance SFAS 71 deffered income equity balance
(Laba) rugi yang belum direalisasi Unrealized (gain) loss on

atas aset keuangan yang diukur financial assets at fair value
pada nilai wajar melalui through other
penghasilan komprehensif lain 146,292 (135,353) 12,988 - (428,331) (404,404) comprehensive income
Cadangan kerugian penurunan
nilai aset produktif- pinjaman Allowance for impairment losses
yang diberikan 423,422 3,078,697 (583,284) 876,858 - 3,795,693 on earning assets - loans
Cadangan imbalan kerja 375,501 - (56,403) 75,739 396,579 791,416 Allowance for employee benefits
Cadangan kerugian penurunan Allowance for impairment
nilai aset produktif - selain losses on earning assets -
pinjaman yang diberikan 360,644 133,198 (60,412) 237,322 - 670,752 other than loans
Cadangan hukum, kecurangan Allowance for legal,
(fraud) dan lainnya 10,099 - (505) (358) - 9,236 fraud and others
(Laba) rugi yang belum
direalisasi atas efek Unrealized (gain) loss
yang diperdagangkan dan on trading securities
transaksi derivatif (100,240) - 5,012 (180,180) - (275,408) and derivative transactions
Penyusutan aset tetap (132,276) - 7,580 93,013 2,470 (29,213) Depreciation of fixed assets
Aset pajak tangguhan

BNI - neto 1,083,442 3,076,542 (675,024) 1,102,394 (29,282) 4,558,072 Net deferred tax assets - BNI
Aset pajak tangguhan Net deferred tax assets -
Entitas Anak - neto 265,901 241,760 Subsidiaries
Aset pajak tangguhan Net consolidated deferred tax

konsolidasian - neto 1,349,343 4,799,832 assets
193
2020 Annual Report
d. Aset pajak tangguhan - neto (lanjutan) d. Deferred tax assets - net (continued)
Aset pajak tangguhan pada tanggal-tanggal The deferred tax assets as of 31 December
31 Desember 2020 dan 2019 merupakan 2020 and 2019 represent the tax effects on the
pengaruh beda pajak dengan rincian sebagai following: (continued)
berikut: (lanjutan)
Dikreditkan/
(dibebankan) ke
laporan laba rugi
komprehensif
konsolidasian/
Credited/
(charged) to
consolidated
statement of profit Dibebankan
Saldo awal/ or loss and other ke ekuitas/ Saldo akhir/
Beginning comprehensive Charged to Ending
balance income equity balance
(Laba) rugi yang belum direalisasi

atas efek-efek yang Unrealized (gain) loss on available-
tersedia untuk dijual 791,171 - (644,879) 146,292 for-sale-securities
nilai aset produktif- pinjaman Allowance for impairment losses
yang diberikan 468,991 (45,569) - 423,422 on earning assets - loans
Cadangan imbalan kerja 269,030 47,170 59,301 375,501 Allowance for employee benefits
nilai aset produktif - selain Allowance for impairment losses on
pinjaman yang diberikan 238,986 121,658 - 360,644 earning assets - other than loans
Cadangan hukum, kecurangan Allowance for legal,
(fraud) dan lainnya 10,258 (159) - 10,099 fraud and others
(Laba)rugi yang belum
direalisasi atas efek Unrealized (gain) loss
yang diperdagangkan dan on trading securities
transaksi derivatif (115,903) 15,663 - (100,240) and derivative transactions
Penyusutan aset tetap (147,778) 15,502 - (132,276) Depreciation of fixed assets
Aset pajak tangguhan
BNI - neto 1,514,755 154,265 (585,578) 1,083,442 Net deferred tax assets - BNI
Aset pajak tangguhan Net deferred tax assets -
Entitas Anak - neto 161,611 265,901 Subsidiaries
Aset pajak tangguhan Net consolidated deferred tax
konsolidasian - neto 1,676,366 1,349,343 assets
Manajemen berpendapat bahwa aset pajak Management believes that deferred tax assets
tangguhan dapat dipulihkan seluruhnya. are fully realisable.
e. Surat ketetapan pajak e. Tax assessment letters
Pada tanggal 5 Februari 2018, BNI telah On 5 February 2018, BNI received tax
menerima Surat Ketetapan Pajak Kurang assesment for underpayment of tax (SKPKB)
Bayar (SKPKB) atas PPh Badan untuk tahun which stated that there was an under payment
fiskal 2015 sebesar Rp2.461.364 (termasuk of corporate income tax for fiscal year 2015
denda) dan disetujui BNI sebesar Rp162.130. amounting to Rp2,461,364 (including
Pada tanggal 2 Maret 2018, BNI telah penalties) which was partially agreed by BNI
melakukan pembayaran sebagian SKPKB for the amount of Rp162,130. On 2 March
sebesar Rp1.785.691. Pada tanggal 4 Mei 2018, BNI made a partial payment for the
2018, BNI mengajukan surat keberatan atas amount of Rp1,785,691. On 4 May 2018, BNI
Surat Ketetapan Pajak Kurang Bayar (SKPKB) submitted Objection Letter for these SKPKB to
ke Direktorat Jenderal Pajak. the Directorate General of Tax.
194
2020 Annual Report
e. Surat ketetapan pajak (lanjutan) e. Tax assessment letters (continued)
Pada tanggal 30 April 2019, BNI menerima On 30 April 2019, BNI received Directorate
Keputusan Direktorat Jenderal Pajak yang General of Tax decision which partially
mengabulkan sebagian keberatan BNI dan approved BNI Objection and reduced the
mengurangkan jumlah pajak yang masih harus SKPKB for fiscal year 2015 (including
dibayar dalam SKPKB atas PPh Badan untuk penalties) to become Rp1,212,517 which is
tahun fiskal 2015 (termasuk denda) menjadi partially agreed by BNI amounting to
Rp1.212.517 dan disetujui BNI sebesar Rp163,628. For the overpayment amounting to
Rp163.628. Atas kelebihan pembayaran pajak Rp573,174, after less of STP for fiscal year
dimuka sebesar Rp573.174, setelah dikurangi 2019 amounting to Rp481, the Bank has
dengan STP tahun 2019 sebesar Rp481, Bank received a tax refund through compensation
telah menerima restitusi pajak melalui for corporate income tax in 2019. On 26 July
kompensasi pembayaran pajak penghasilan 2019, BNI submitted the request for appeal on
badan tahun 2019. Pada tanggal 26 Juli 2019, the above objection that has been granted to
BNI telah mengajukan permohonan banding the Tax Court. Up to the date of this
keberatan yang belum dikabulkan ke consolidated financial statements, the Tax
Pengadilan Pajak. Sampai dengan tanggal Court has not yet issued any decision on the
Laporan Keuangan Konsolidasian ini, appeal letter filed by BNI. The Bank believes
Pengadilan Pajak belum menerbitkan putusan that the appeal submitted will be accepted
atas permohonan banding yang diajukan oleh therefore Bank did not provide any provision
BNI tersebut. Bank berkeyakinan bahwa for the SKPKB.
permohonan banding yang diajukan dapat
dikabulkan sehingga Bank tidak membentuk
cadangan atas SKPKB tersebut.
28. EFEK-EFEK YANG DITERBITKAN 28. SECURITIES ISSUED
a. Berdasarkan jenis a. By type
2020 2019
Saldo/ Peringkat/ Saldo/ Peringkat/

Balance Rating *) Balance Rating *)
Obligasi-BNI,
setelah dikurangi biaya
penerbitan yang belum diamortisasi Bonds-BNI, net of
masing-masing sebesar Rp447 unamortized issuance cost amounting to
pada tanggal 31 Desember 2020 Rp447 as of 31 December 2020
dan Rp712 pada tanggal and Rp712 as of 31 December 2019,
31 Desember 2019 2,985,011 idAAA*) 2,985,052 idAAA*) respectively
*) Pefindo *) Pefindo
Pada tanggal 22 Juni 2017, BNI telah On 22 June 2017, BNI obtained an effective
mendapatkan pernyataan efektif dari OJK statement from OJK through letter number S-
melalui surat nomor S-349/D.04/2017 untuk 349/D.04/2017 to issue Continuous Bonds I
menerbitkan Obligasi Berkelanjutan I BNI BNI Rupiah Phase I Year 2017 ("Bonds"). The
Rupiah Tahap I Tahun 2017 (“Obligasi”). Nilai value of bonds issued amounted to
obligasi yang diterbitkan sebesar Rp3,000,000 with term of 5 years and coupon
Rp3.000.000, jangka waktu 5 tahun, dengan of 8% per annum to be paid quarterly. BNI
kupon sebesar 8% per tahun yang akan Bonds was issued on 11 July 2017 and listed
dibayarkan secara triwulanan. Obligasi BNI on the Indonesia Stock Exchange on 12 July
diterbitkan pada tanggal 11 Juli 2017 dan 2017. The first coupon payment to
listing di Bursa Efek Indonesia pada tanggal bondholders has been made on 11 October
12 Juli 2017. Pembayaran kupon pertama 2017.
kepada para pemegang obligasi telah
dilakukan pada tanggal 11 Oktober 2017.
195
2020 Annual Report
28. EFEK-EFEK YANG DITERBITKAN (lanjutan) 28. SECURITIES ISSUED (continued)
a. Berdasarkan jenis (lanjutan) a. By type (continued)
Bertindak sebagai Penjamin Pelaksana Emisi Acting as Underwriters are PT BNI Sekuritas,
Efek adalah PT BNI Sekuritas, PT Mandiri PT Mandiri Sekuritas, PT Bahana Sekuritas,
Sekuritas, PT Bahana Sekuritas, PT PT Danareksa Sekuritas, PT Indo Premier
Danareksa Sekuritas, PT Indo Premier Sekuritas and PT BCA Sekuritas. Acting as
Sekuritas dan PT BCA Sekuritas. Bertindak Trustee is PT Bank Rakyat Indonesia
sebagai Wali Amanat adalah PT Bank Rakyat (Persero) Tbk.
Sesuai dengan POJK No. 07/2017 dan In accordance with POJK No. 07/2017 and
Peraturan No.IX.C.11, dalam rangka Regulation No.IX.C.11, for the issuance of this
penerbitan Obligasi ini, BNI telah memperoleh Bond, BNI obtained the rating of long-term
hasil pemeringkatan atas surat hutang jangka debt from PT Pemeringkat Efek Indonesia
panjang dari PT Pemeringkat Efek Indonesia ("Pefindo") for the period 10 July 2019 until
(“Pefindo”) untuk periode 3 Juli 2020 sampai 1 July 2020, through letter No. RC-655/PEF-
dengan 1 Juli 2021 sesuai dengan suratnya DIR/VII/2019 dated 10 July 2019, with idAAA
No. RC-833/PEF-DIR/VII/2020 tanggal 6 Juli rating (Triple A). BNI will obtain a rating of the
2020, dengan peringkat idAAA (Triple A). BNI bonds issued annually as long as the
akan melakukan pemeringkatan atas obligasi obligations on such securities have not been
yang diterbitkan setiap tahun selama paid off.
kewajiban atas efek tersebut belum lunas.
Dana obligasi setelah dikurangi biaya-biaya Proceeds from the issuance of the bond after
akan digunakan bank untuk ekspansi bisnis deducting expenses was used by the Bank for
terutama penyaluran kredit. business expansion, in particular loans.
Selama jangka waktu obligasi dan seluruh During the term of the bonds and as long as
jumlah pokok obligasi belum seluruhnya the entire principal amount of the bonds has
dilunasi dan/atau seluruh jumlah bunga not been fully repaid and/or the full amount of
obligasi serta kewajiban pembayaran lainnya bonds interest and other payment obligations
(bila ada) belum seluruhnya dibayar menurut (if any) have not been fully paid under the
ketentuan Perjanjian Perwaliamanatan ini, BNI terms of the Trustee Agreement, BNI promises
berjanji dan mengikatkan diri bahwa tanpa and binds that without the written approval of
persetujuan tertulis dari Wali Amanat tidak the Trust Agent, will not do the following:
akan melakukan hal-hal sebagai berikut:
- melakukan penggabungan, peleburan - merger, consolidation and/or acquisition; or
dan/atau akuisisi; atau
- mengizinkan atau memberikan persetujuan - permit or give consent to Subsidiaries (if
kepada Anak Perusahaan (jika ada) untuk any) for merger, consolidation and/or
melakukan penggabungan, peleburan acquisition; which will materially have
dan/atau akuisisi; yang secara material negative consequences.
akan mempunyai akibat negatif.
Pada tahun yang berakhir pada During the years ended 31 December 2020
31 Desember 2020 dan 2019, Bank telah and 2019, the Bank has fulfilled the terms
memenuhi persyaratan penting yang required set forth in the agreements.
dipersyaratkan dalam perjanjian ini.
b. Berdasarkan mata uang b. By currency
2020 2019
Rupiah
Obligasi-BNI, Rupiah
setelah dikurangi diskonto Bonds-BNI,
yang belum diamortisasi sebesar net of unamortized discount cost of
Rp447 pada tanggal Rp447 as of 31 December 2020
31 Desember 2020 dan Rp712 and Rp712 as of
pada tanggal 31 Desember 2019 2,985,011 2,985,052 31 December 2019
196
2020 Annual Report
28. EFEK-EFEK YANG DITERBITKAN (lanjutan) 28. SECURITIES ISSUED (continued)
c. Berdasarkan hubungan c. By relationship
2020 2019

Rupiah 1,165,026 1,268,699 Rupiah

Rupiah 1,819,985 1,716,353 Rupiah
Total 2,985,011 2,985,052 Total
d. Tingkat suku bunga per tahun d. Annual interest rates

Rupiah
%
2020 8.00 2020

2019 8.00 2019
29. PINJAMAN YANG DITERIMA 29. BORROWINGS
2020 2019
Rupiah Rupiah
Pinjaman penerusan 3,459 4,173 Two step loans
Kredit likuiditas untuk kredit Liquidity loan for
koperasi primer kepada members of primary
anggotanya 926 925 cooperatives
Lain-lain 1,142,585 1,223,412 Others
1,146,970 1,228,510

Pinjaman bilateral 37,999,171 39,650,360 Bilateral loans
Bankers acceptance 4,872,533 16,298,055 Bankers acceptance
Pinjaman penerusan 59,987 56,498 Two step loans
42,967,344 56,006,990
Total 44,114,314 57,235,500 Total
197
2020 Annual Report
29. PINJAMAN YANG DITERIMA (lanjutan) 29. BORROWINGS (continued)
Pinjaman bilateral Bilateral loans
BNI memiliki pinjaman bilateral sebagai salah BNI has bilateral loan which is one of the
satu strategi pendanaan Bank untuk menjaga Bank’s strategy to maintain funding profile
komposisi pendanaan jangka pendek dan between short term and long term funding.
jangka panjang. Termasuk di dalam pinjaman Bilateral loans include the following borrowing
bilateral adalah fasilitas pinjaman di bawah ini: facilities:
a) Pinjaman bilateral luar negeri dengan a) Offshore bilateral loan with China
China Development Bank sebesar Development Bank amounting to USD700
USD700 juta dengan jangka waktu million with tenure of 10 years and with
pinjaman selama 10 tahun serta tingkat interest of 6 months LIBOR plus 2.85%
suku bunga LIBOR 6 bulan ditambah and will mature on 16 September 2025.
2,85% dan akan jatuh tempo pada As 31 December 2020 and
tanggal 16 September 2025. Pada 2019, outstanding loan less unamortized
tanggal 31 Desember 2020 dan 2019, issuance costs amounted to USD465
saldo pinjaman setelah dikurangi dengan million or equivalent to Rp6,536,986 and
biaya penerbitan yang belum diamortisasi USD558 million or equivalent to
masing-masing sebesar USD465 juta Rp7,746,334, respectively.
atau ekuivalen Rp6.536.986 dan USD558
juta atau ekuivalen Rp7.746.334.
b) Pinjaman bilateral luar negeri dengan b) Offshore bilateral loan with China
China Development Bank sebesar Development Bank amounting to
USD189 juta dengan jangka waktu USD189 million with tenure of 15 years
pinjaman selama 15 tahun serta tingkat and with interest of 6 months LIBOR plus
suku bunga LIBOR 6 bulan ditambah 1.45% and will mature on 15 September
1,45% dan akan jatuh tempo pada 2025. As of 31 December 2020,
tanggal 15 September 2025. Pada outstanding loan less unamortized
tanggal 31 Desember 2020, saldo issuance costs amounted to USD189
pinjaman setelah dikurangi dengan biaya million or equivalent to Rp2,658,541
penerbitan yang belum diamortisasi
masing-masing sebesar USD189 juta
atau ekuivalen Rp2.658.541.
c) Pinjaman bilateral luar negeri sebagai c) Offshore bilateral loan as Mandated Lead
Mandated Lead Arrangers & Bookrunners Arrangers & Bookrunners ANZ, BNP
ANZ, BNP Paribas, BTMU, Citibank, Paribas, BTMU, Citibank, Commerzbank,
Commerzbank, CTBC, DBS, OCBC, dan CTBC, DBS, OCBC, and UOB amounting
UOB sebesar USD500 juta dengan jangka to USD500 million with tenure of 5 years
waktu pinjaman selama 5 tahun serta and with interest of 3 months LIBOR plus
tingkat suku bunga LIBOR 3 bulan 1.21% per annum and will mature on
ditambah 1,21% per tahun dan akan jatuh 22 December 2021. As of 31 December
tempo pada tanggal 22 Desember 2021. 2020 and 2019, outstanding loan less
Pada tanggal 31 Desember 2020 dan unamortized issuance costs amounted to
2019, saldo pinjaman setelah dikurangi USD498 million or equivalent to
dengan biaya penerbitan yang belum Rp7,003,339 and USD497 million or
diamortisasi masing-masing sebesar equivalent to Rp6,899,059, respectively.
USD498 juta atau ekuivalen Rp7.003.339
dan USD497 juta atau ekuivalen
Rp6.899.059.
198
2020 Annual Report

Pinjaman bilateral (lanjutan) Bilateral loans (continued)
d) Pada tanggal 25 November 2019, BNI d) On 25 November 2019, BNI obtained
memperoleh fasilitas Pinjaman bilateral offshore bilateral loan with CTBC Bank
luar negeri dengan CTBC Bank Co. Ltd., Co. Ltd., MUFG Bank Ltd., Standard
MUFG Bank Ltd., Standard Chartered Chartered Bank (Singapore) Ltd.,
Bank (Singapore) Ltd., Sumitomo Mitsui Sumitomo Mitsui Banking Corporation
Banking Corporation Singapore Branch, Singapore Branch, and United Overseas
dan United Overseas Bank Ltd. sebagai Bank Ltd. as Mandated Lead Arrangers &
Mandated Lead Arrangers & Bookrunners amounting to USD750
Bookrunners senilai USD 750 juta yang million which was split into two tranches, A
terbagi dalam dua seri, yaitu Seri A dan tranche and B tranche. A tranche
Seri B. Seri A sebesar USD375 juta amounting to USD375 million with tenure
dengan jangka waktu 42 bulan serta of 42 months with interest of 3 months
tingkat suku bunga LIBOR 3 bulan LIBOR plus 0.96% per annum will mature
ditambah 0,96% per tahun dan akan on 25 May 2023 while B tranche
jatuh tempo pada tanggal amounting to USD375 million with tenure
25 Mei 2023. Sedangkan Seri B sebesar of 60 months with interest of 3 months
USD375 juta dengan jangka waktu 60 LIBOR plus 1.15% per annum will mature
bulan serta tingkat suku bunga LIBOR 3 on 25 November 2024. Standard
bulan ditambah 1,15% per tahun dan Chartered Bank (Hong Kong) Ltd acted as
akan jatuh tempo pada tanggal the Agent.
25 November 2024. Standard Chartered
Bank (Hong Kong) Ltd bertindak sebagai
Agen untuk fasilitas pinjaman ini.
Pada tanggal 25 Februari 2020, BNI On 25 February 2020, BNI obtained
memperoleh fasilitas tambahan fasilitas additional offshore bilateral loan with
Pinjaman Bilateral senilai USD220 Juta amounting to USD220 million split into
yang terbagi dalam dua seri, yaitu Seri A two tranches, A tranche and B tranche. A
dan Seri B. Seri A mendapat tambahan tranche obtained additional amounting to
sebesar USD135 juta dengan jangka USD135 million with tenure of 39 months
waktu 39 bulan serta tingkat suku bunga with interest of 3 months LIBOR plus
LIBOR 3 bulan ditambah 0,96% per tahun 0.96% per annum and will mature on 25
dan akan jatuh tempo pada tanggal May 2023. While B tranche obtained
25 Mei 2023. Sedangkan Seri B sebesar additional amounting to USD85 million
USD85 juta dengan jangka waktu 57 with tenure of 57 months with interest of 3
bulan serta tingkat suku bunga LIBOR 3 months LIBOR plus 1.15% per annum
bulan ditambah 1,15% per tahun dan and will mature on 25 November 2024.
akan jatuh tempo pada tanggal
25 November 2024.
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019,
2019, saldo pinjaman setelah dikurangi outstanding loan less unamortized
dengan biaya penerbitan yang belum issuance costs amounted to USD962
diamortisasi masing-masing sebesar million or equivalent to Rp13,510,805 and
USD962 juta atau ekuivalen USD743 million or equivalent to
Rp13.510.805 dan USD743 juta atau Rp10,307,920, respectively.
ekuivalen Rp10.307.920.
e) BNI, melalui BNI cabang New York e) BNI, through its New York branch, has
memiliki lima pinjaman bilateral luar negeri five offshore bilateral loans with CoBank
dengan CoBank Greenwood Village Greenwood Village Colorado US
Colorado US sebesar USD130 juta amounting to USD130 million with tenure
dengan jangka waktu pinjaman selama of 357-359 days and with all in interest
357-359 hari dan tingkat suku bunga rate of 2.45% to 3.54% and will mature on
2,45% - 3,54% dan akan jatuh tempo 26 July 2021. As of 31 December 2020
sampai dengan 26 Juli 2021. Pada and 2019, the outstanding loan balance
tanggal 31 Desember 2020 dan 2019, under this facility amounted to USD90
saldo pinjaman fasilitas tersebut sebesar million or equivalent to Rp1,264,500 and
USD90 juta atau ekuivalen Rp1.264.500 USD80 million or equivalent to
dan USD80 juta atau ekuivalen Rp1,110,600, respectively.
Rp1.110.600.
199
2020 Annual Report
Pinjaman bilateral (lanjutan) Bilateral loans (continued)
f) BNI, melalui BNI cabang New York f) BNI, through its New York branch, has
memiliki pinjaman bilateral luar negeri offshore bilateral loan with Bank of
dengan Bank of America sebesar USD60 America amounting to USD60 million with
juta dengan jangka waktu pinjaman tenure of 10 months and have mature on
selama 10 bulan dan telah jatuh tempo 3 August 2020. As of 31 December 2019,
pada tanggal 3 Agustus 2020. Pada the outstanding loan balance under this
tanggal 31 Desember 2019, saldo facility amounted to USD60 million or
pinjaman fasilitas tersebut sebesar USD60 equivalent to Rp832,950, respectively.
juta atau ekuivalen Rp832.950.
g) BNI, melalui BNI cabang London memiliki g) BNI, through its London branch, has
pinjaman bilateral luar negeri dengan offshore bilateral loan with consortium of
konsorsium bank yang terdiri dari Bank of banks consisting of Bank of Tokyo
Tokyo Mitsubishi UFJ Ltd, BNP Paribas, Mitsubishi UFJ Ltd, BNP Paribas, Hong
Hong Kong & Shanghai Banking Kong & Shanghai Banking Corporation
Corporation Ltd, Overseas-Chinese Ltd, Overseas-Chinese Banking
Banking Corporation Ltd, United Overseas Corporation Ltd, United Overseas Bank
Bank Ltd, dan Westpack Banking Co Ltd, and Westpack Banking Co amounting
sebesar USD500 juta dengan jangka to USD500 million with tenure of 5 years
waktu pinjaman selama 5 tahun dan and with interest of 3 months LIBOR plus
tingkat suku bunga LIBOR 3 bulan margin 1.2% per annum and will mature
ditambah marjin 1,2% per tahun dan akan on 30 August 2022. As of 31 December
jatuh tempo pada tanggal 30 Agustus 2020 and 2019, the outstanding loan
2022. Pada tanggal 31 Desember 2020 balance under this facility amounted to
dan 2019, saldo pinjaman fasilitas USD500 million or equivalent to
tersebut masing-masing sebesar USD500 Rp7,025,000 and USD500 million or
juta atau ekuivalen Rp7.025.000 dan equivalent to Rp6,941,250, respectively.
USD500 juta atau ekuivalen Rp6.941.250.
Persyaratan-persyaratan penting (financial The significant requirements (financial

covenants) dalam perjanjian pinjaman Bank covenants) in the Bank’s loan agreement
antara lain: include the following:
• Rasio Non-Performing Loan (NPL) • Non-Performing Loan (NPL) ratio
maksimum 5% maximum of 5%.
• Nilai Capital Adequacy Ratio (CAR) • Capital Adequacy Ratio (CAR) minimum
minimum 9% - 12,5%. 9% - 12.5%.
• Nilai Rasio Modal Inti (Tier 1 Ratio) • Tier 1 Ratio minimum of 6%.
minimum 6%.
• Nilai Rasio Modal Inti Utama (Core Tier 1 • Core Tier 1 Ratio minimum of 5%.
Ratio) minimum 5%.
• Rasio Return on Average Assets • Return on Average Assets ratio minimum
minimum 0,6%, dengan ketentuan bahwa of 0.6%, provided that Capital Adequacy
jika nilai Capital Adequacy Ratio (CAR) Ratio (CAR) is equal to or greater than
sama dengan atau lebih besar dari 12.5%.
12,5%.
200
2020 Annual Report
Pinjaman penerusan Two step loans
Pinjaman penerusan pada tanggal-tanggal Two step loans as of 31 December 2020 and
tanggal 31 Desember 2020 dan 2019 2019 are step loans from Kreditanstalt fur
mencakup pinjaman penerusan dari Wiederaufbau to finance Industrial Efficiency
Kreditanstalt fur Wiederaufbau untuk and Pollution Control Phase I and II that was
pembiayaan Industrial Efficiency and Pollution received in 2001 and 2004.
Control Phase I dan II yang diterima pada
tahun 2001 dan 2004.
Berdasarkan Perjanjian Penerusan Pinjaman Based on the two step loans agreements
antara BNI dan Departemen Keuangan No. between BNI and the Ministry of Finance No.
SLA-1145/DP3/2001 tertanggal 30 Maret 2001 SLA-1145/DP3/2001 dated 30 March 2001 and
dan SLA-1174/DP3/2004 tertanggal SLA-1174/DP3/2004 dated 25 August 2004,
25 Agustus 2004, Pemerintah telah menyetujui the Government appointed BNI as an
BNI sebagai bank pelaksana dengan jumlah executing bank with total facilities for each not
fasilitas masing-masing tidak melebihi exceeding DM11,700,000 and EUR 9 million.
DM11.700.000 dan EUR 9 juta. Tanggal Latest withdrawal date were on 30 June 2001
terakhir penarikan pinjaman adalah masing- and 30 December 2007, respectively. The
masing pada tanggal 30 Juni 2001 dan terms of the two step loans are 12 years
30 Desember 2007. Jangka waktu pinjaman including 2 years grace period and 40 years
penerusan ini adalah masing-masing selama including 10 years grace period, respectively.
12 tahun termasuk masa tenggang 2 tahun
dan 40 tahun termasuk masa tenggang 10
tahun.
Pada tanggal 31 Desember 2020, saldo As of 31 December 2020, two step loans
pinjaman penerusan adalah sebesar Rp3.459 amounted to Rp3,459 and EUR3.5 million.
dan EUR3,5 juta.
Pada tanggal 31 Desember 2019, saldo As of 31 December 2019, two step loans
pinjaman penerusan adalah sebesar Rp4.097 amounted to Rp4,097 and EUR3.6 million.
dan EUR3,6 juta.
Kredit likuiditas untuk kredit koperasi Liquidity loan for members of primary
primer kepada anggotanya cooperatives
Merupakan fasilitas kredit yang diperoleh dari This is a credit facility provided by Bank
Bank Indonesia terutama ditujukan untuk Indonesia specifically for BNI's debtors in
debitur BNI sehubungan dengan program relation to the Government's loan program for
kredit Pemerintah untuk pinjaman investasi small investment loans, working capital loans
usaha kecil, pinjaman modal kerja dan and small business loans. In accordance with
pinjaman pengusaha kecil. Sesuai dengan the Government Regulation, the management
Peraturan Pemerintah, manajemen program of this liquidity loan program was transferred to
kredit likuiditas telah dialihkan ke PT Permodalan Nasional Madani (Persero), a
PT Permodalan Nasional Madani (Persero), state-owned enterprise. The loan will mature
Badan Usaha Milik Negara, yang akan jatuh on various dates based on the completion of
tempo dalam beberapa tanggal, berdasarkan such programs.
penyelesaian dari program-program tersebut.
Tingkat bunga atas fasilitas ini berkisar antara Interest rates on the facility range from 3.00%
3,00% sampai dengan 7,00% per tahun. to 7.00% per annum.
201
2020 Annual Report
Bankers acceptance Bankers acceptance
Bankers acceptance merupakan pinjaman Bankers acceptance represents interbank

antarbank yang diperoleh BNI dari bank-bank borrowings for liquidity purposes obtained by
luar negeri yang ditujukan untuk meningkatkan BNI from various foreign banks with borrowing
likuiditas dengan jangka waktu pinjaman 6 period of 6 until 12 months.
sampai dengan 12 bulan.
2020 2019
United Overseas Bank Limited, United Overseas Bank Limited,
Singapura 983,500 1,388,250 Singapore
CoBank, Singapore 702,500 2,290,612 CoBank, Singapore
OCBC, Singapura - - OCBC, Singapore
Standard Chartered Bank, Hong kong 702,500 - Standard Chartered Bank, Hong kong
Emirates NBD Bank PJSC, London 517,033 - Emirates NBD Bank PJSC, London
Wells Fargo Bank N.A. 491,750 2,568,262 Wells Fargo Bank N.A.
DBS Bank Ltd, London 281,000 - DBS Bank Ltd, London
Wells Fargo Bank London 281,000 - Wells Fargo Bank London
DZ Bank Singapore 281,000 - DZ Bank Singapore
KDB Bank 281,000 832,950 KDB Bank
Mitsubishi UFJ Trust and Banking Mitsubishi UFJ Trust and Banking
Corporation, Singapura 210,750 2,498,850 Corporation, Singapore
CoBank, Seoul 140,500 - CoBank, Seoul
DBS Bank Ltd, Singapura - 2,693,205 DBS Bank Ltd, Singapore
Sumitomo Mitsui Banking Sumitomo Mitsui Banking
Corporation, Singapura - 1,735,313 Corporation, Singapore
Standard Chartered Bank, Singapura - 1,041,188 Standard Chartered Bank, Singapore
Standard Chartered Bank Thai PCL - 832,950 Standard Chartered Bank Thai PCL
Citibank N.A., London - 416,475 Citibank N.A., London
Total 4,872,533 16,298,055 Total
Lain-lain Others
PT BNI Multifinance (BNIMF): PT BNI Multifinance (BNIMF):
PT Bank Mandiri (Persero) Tbk PT Bank Mandiri (Persero) Tbk
Pada tanggal 28 Agustus 2018, BNIMF On 28 August 2018, BNIMF obtain working
memperoleh fasilitas pinjaman kredit modal capital facility loan from PT Bank Mandiri
kerja dengan PT Bank Mandiri (Persero) Tbk (Persero) Tbk with maximum facility
dengan maksimum fasilitas sebesar amounting to Rp250,000 and tenure of 60
Rp250.000 dengan jangka waktu pinjaman 60 months and will mature on 28 August 2023.
bulan dan akan jatuh tempo pada tanggal
28 Agustus 2023.
Pada tanggal 16 September 2019, On September 16, 2019, based on the Credit
berdasarkan Perjanjian Kredit No. 18, PT Bank Agreement No. 18, PT Bank Mandiri (Persero)
Mandiri (Persero) setuju untuk memberikan agreed to provide additional working capital
tambahan fasilitas pinjaman modal kerja loan facility with a maximum available fund
dengan jumlah maksimum dana yang amounting to Rp250,000, which was used as
disediakan adalah sebesar Rp250.000 yang an additional working capital for consumer
digunakan sebagai tambahan modal kerja financing that will mature on September 16,
pembiayaan konsumen yang berlaku sampai 2023.
16 September 2023.
202
2020 Annual Report
Lain-lain (lanjutan) Others (continued)
PT BNI Multifinance (BNIMF): (lanjutan) PT BNI Multifinance (BNIMF): (continued)
PT Bank Victoria International Tbk PT Bank Victoria International Tbk

Pada tanggal 16 Maret 2020, BNIMF On 16 March 2020, BNIMF obtained additional
memperoleh tambahan fasilitas pinjaman working capital facility loan from PT Bank
kredit modal kerja dengan PT Bank Mandiri Mandiri (Persero) Tbk with total facility
(Persero) Tbk dengan total fasilitas sebesar amounting to Rp250,000 and tenure of 48
Rp250.000 dengan jangka waktu pinjaman 48 months from the date of withdrawal of each
bulan sejak tanggal penarikan fasilitas. credit facility.
Tingkat suku bunga pinjaman berkisar antara Interest rate of the borrowing ranged from
8,50%-9,25% dan 9,00%-9,50% untuk 8.50%-9.25% and 9.00%-9.50% for withdrawal
pencairan selama tahun 2020 dan 2019. during 2020 and 2019.
2019, saldo pinjaman fasilitas tersebut outstanding loan balance under this facility
masing-masing sebesar Rp540.038 dan amounted to Rp540,038 and Rp450,248,
Rp450.248. respectively.
PT Bank Victoria International Tbk PT Bank Victoria International Tbk
Pada tanggal 20 September 2017, On September 20, 2017, based on the Credit
berdasarkan Perjanjian Kredit No. 15, PT Bank Agreement No. 15, PT Bank Victoria
Victoria International Tbk setuju untuk International Tbk agreed to provide a fixed
memberikan fasilitas kredit fixed loan line limit loan line limit non revolving loan facility with a
non revolving dengan jumlah maksimum dana maximum available fund amounting to
yang disediakan adalah sebesar Rp200.000 Rp200,000, which was used as an additional
yang digunakan sebagai tambahan modal working capital that will mature on April 28,
kerja yang berlaku sampai 28 April 2020. Pada 2020. As of December 31, 2019, the bank loan
tanggal 31 Desember 2019, seluruh fasilitas facility had been fully used. This facility has
pinjaman bank ini telah digunakan seluruhnya. been extended until September 28, 2021.
Fasilitas ini telah diperpanjang sampai dengan
28 September 2021.
Pada tanggal 25 Juli 2019, berdasarkan On July 25, 2019, based on the Credit
Perjanjian Kredit No. 20, PT Bank Victoria Agreement No. 20, PT Bank Victoria
International Tbk setuju untuk memberikan International Tbk agreed to provide additional
tambahan fasilitas pinjaman modal kerja working capital loan facility with a maximum
dengan jumlah maksimum dana yang available fund amounting to Rp200,000,
disediakan adalah sebesar Rp200.000 yang which was used as an additional working
digunakan sebagai tambahan modal kerja capital for consumer financing and finance
pembiayaan konsumen dan sewa pembiayaan lease that will mature on July 25, 2023.
yang berlaku sampai 25 Juli 2023.
8,00%-9,50% dan 8,75%-9,50% untuk 8.00%-9.50% and 8.75%-9.50% for withdrawal
pencairan selama tahun 2020 dan 2019. during 2020 and 2019.
2019, saldo pinjaman fasilitas tersebut masing- outstanding loan balance under this facility
masing sebesar Rp133.124 dan Rp111.222. amounted to Rp133,124 and Rp111,222,
respectively.
203
2020 Annual Report
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk
Pada tanggal 08 Oktober 2019, berdasarkan On October 8, 2019, based on the Credit
Perjanjian Kredit No. 174/CB/JKT/2019, PT Agreement No. 174/CB/JKT/2019, PT Bank
Bank CIMB Niaga Tbk setuju untuk CIMB Niaga Tbk agreed to provide a working
memberikan fasilitas pinjaman modal kerja capital loan facility with a maximum available
dengan jumlah maksimum dana yang fund amounting to Rp200,000, which was
disediakan adalah sebesar Rp200.000 yang used as an additional working capital that will
digunakan sebagai tambahan modal kerja mature on April 8, 2023.
yang berlaku sampai 8 April 2023.
9,00%-9,25% untuk pencairan selama tahun 9.00%-9.25% for withdrawal during 2020 and
2020 dan 2019. 2019.
Pada tanggal 31 Desember 2020 dan 2019 As of 31 December 2020 and 2019, the
saldo pinjaman fasilitas tersebut sebesar outstanding loan balance under this facility
Rp127.881 dan Rp99.350. amounted to Rp127,881 and Rp99,350,
respectively.
PT Bank Pembangunan Daerah Daerah PT Bank Pembangunan Daerah Daerah

Istimewa Yogyakarta Istimewa Yogyakarta
Pada tanggal 14 Juni 2017, berdasarkan On June 14, 2017, based on the Credit
Perjanjian Kredit No. 10, PT Bank Agreement No. 10, PT Bank Pembangunan
Pembangunan Daerah Propinsi Daerah Daerah Propinsi Daerah Istimewa Yogyakarta
Istimewa Yogyakarta setuju untuk memberikan agreed to provide a working capital loan facility
fasilitas pinjaman modal kerja dengan jumlah with a maximum available fund amounting to
maksimum dana yang disediakan adalah Rp50,000, which was used as an additional
sebesar Rp50.000 yang digunakan sebagai working capital for consumer financing that
tambahan modal kerja pembiayaan konsumen matured on December 14, 2020. The bank loan
yang berlaku sampai 14 Desember 2020. Pada facility had been fully used in 2018.
tanggal 31 Desember 2019, seluruh fasilitas
pinjaman bank ini telah digunakan seluruhnya.
Pada tanggal 15 Agustus 2018, berdasarkan On August 15, 2018, based on the Credit
Istimewa Yogyakarta setuju untuk memberikan agreed to provide additional working capital
dengan jumlah maksimum dana yang amounting to Rp50,000, which was used as an
disediakan adalah sebesar Rp50.000 yang additional working capital for consumer
digunakan sebagai tambahan modal kerja financing that will mature on August 20, 2021.
pembiayaan konsumen yang berlaku sampai As of December 31, 2019, the bank loan facility
20 Agustus 2021. Pada tanggal 31 Desember had been fully used.
2019, seluruh fasilitas pinjaman bank ini telah
digunakan seluruhnya.
204
2020 Annual Report

Pada tanggal 04 April 2019, berdasarkan On April 4, 2019, based on the Credit
Istimewa Yogyakarta setuju untuk memberikan agreed to provide additional working capital
dengan jumlah maksimum dana yang amounting to Rp100,000, which was used as
disediakan adalah sebesar Rp100.000 yang an additional working capital for consumer
digunakan sebagai tambahan modal kerja financing that will mature on October 4, 2022.
pembiayaan konsumen yang berlaku sampai As of December 31, 2019, the bank loan
4 Oktober 2022. Pada tanggal 31 Desember facility had been fully used.
2019, seluruh fasilitas pinjaman bank ini telah
digunakan seluruhnya.
Pada tanggal 10 Maret 2020, BNIMF On 10 March 2020, BNIMF obtained additional
memperoleh tambahan fasilitas pinjaman working capital facility loan with facility
kredit modal kerja dengan fasilitas sebesar amounting to Rp150,000 and tenure of 36
Rp150.000 dengan jangka waktu pinjaman 36 months from the date of withdrawal since the
bulan sejak tanggal penarikan tiap fasilitas withdrawal date of each credit facility.
kredit.
2020 dan 2019. 2019.
PT Bank Pembangunan Daerah Daerah PT Bank Pembangunan Daerah Daerah

Istimewa Yogyakarta (lanjutan) Istimewa Yogyakarta (continued)
PT Bank Pembangunan Daerah Jawa Barat PT Bank Pembangunan Daerah Jawa Barat
dan Banten Tbk (BJB) dan Banten Tbk (BJB)
Pada tanggal 20 November 2019, BNIMF On 20 November 2019, BNIMF obtained

memperoleh fasilitas pinjaman kredit modal working capital facility loan from PT Bank
kerja dengan PT Bank Pembangunan Daerah Pembangunan Daerah Jawa Barat dan Banten
Jawa Barat dan Banten Tbk dengan Tbk with maximum facility amounting to
maksimum fasilitas sebesar Rp100.000 dan Rp100,000 and tenure of 42 months and will
jangka waktu pinjaman selama 42 bulan dan mature on 20 May 2023.
akan jatuh tempo pada tanggal 20 Mei 2023.
Tingkat suku bunga pinjaman adalah 9,50% Interest rate of the borrowing is 9.50% for
untuk pencairan selama tahun 2020 dan 2019. withdrawal during 2020 and 2019.
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, the
respectively.
205
2020 Annual Report

PT Bank JTrust Indonesia PT Bank JTrust Indonesia
Pada tanggal 19 Desember 2020, BNIMF On 19 December 2020, BNIMF obtained

memperoleh fasilitas pinjaman kredit modal working capital loan facility with PT Bank
kerja dengan PT Bank JTrust Indonesia JTrust Indonesia with maximum facility
dengan maksimum fasilitas sebesar Rp50.000 amounting to Rp50,000 and tenure of 12
dengan jangka waktu pinjaman 12 bulan dan months and will mature on 19 December 2021.
akan jatuh tempo pada tanggal 19 Desember
2021.

kerja dengan PT Bank JTrust Indonesia JTrust Indonesia with maximum facility
2023.
untuk pencairan selama tahun 2020. withdrawal during 2020.
Pada tanggal 31 Desember 2020, saldo As of 31 December 2020, the outstanding loan
pinjaman fasilitas tersebut adalah sebesar balance under this facility amounted to
Rp50.000. Rp50,000.
PT Bank DKI PT Bank DKI
Pada tanggal 20 Desember 2017, berdasarkan On December 20, 2017, based on the Credit
Perjanjian Kredit No. 20, PT Bank DKI setuju Agreement No. 20, PT Bank DKI agreed to
untuk memberikan fasilitas pinjaman modal provide a working capital loan facility with a
kerja dengan jumlah maksimum dana yang maximum available fund amounting to
disediakan adalah sebesar Rp50.000 yang Rp50,000, which was used as an additional
digunakan sebagai tambahan modal kerja working capital for consumer financing and
pembiayaan konsumen dan sewa operasi yang operating lease that matured on June 20,
berlaku sampai 20 Juni 2020. Pada tanggal 31 2020. As of December 31, 2019, the bank
Desember 2019, seluruh fasilitas pinjaman loan facility had been fully used.
bank ini telah digunakan seluruhnya.
Pada tanggal 2 Oktober 2018, berdasarkan On October 2, 2018, based on the Credit
untuk memberikan tambahan fasilitas pinjaman provide additional working capital loan facility
modal kerja dengan jumlah maksimum dana with a maximum available fund amounting to
yang digunakan sebagai tambahan modal working capital for consumer financing and
kerja pembiayaan konsumen dan sewa finance lease that matured on April 2, 2021.
pembiayaan yang berlaku sampai 2 April 2021. As of December 31, 2019, the bank loan
Pada tanggal 31 Desember 2019, seluruh facility had been fully used.
fasilitas pinjaman bank ini telah digunakan
seluruhnya.
206
2020 Annual Report

untuk memberikan tambahan fasilitas pinjaman provide additional working capital loan facility
modal kerja dengan jumlah maksimum dana with a maximum available fund amounting to
yang digunakan sebagai tambahan modal working capital for consumer financing and
kerja pembiayaan konsumen dan sewa finance lease that will mature on February 21,
pembiayaan yang berlaku sampai 21 2022.
Februari 2022.
2020 dan 2019. 2019.
respectively.
PT Bank CTBC Indonesia PT Bank CTBC Indonesia

kerja dengan PT Bank CTBC Indonesia CTBC Indonesia with maximum facility
2021.
untuk pencairan selama tahun 2020. withdrawal during 2020.
Pada tanggal 31 Desember 2020, saldo As of 31 December 2020, the outstanding loan
pinjaman fasilitas tersebut adalah sebesar balance under this facility amounted to
Rp20.000. Rp20,000.
PT Bank Nationalnobu Tbk PT Bank Nationalnobu Tbk
Pada tanggal 26 September 2019, BNIMF On 26 September 2019, BNIMF obtained

kerja dengan PT Bank Nationalnobu Tbk Nationalnobu Tbk with maximum facility
dengan jangka waktu pinjaman 24 bulan dan months and will mature on 26 September
akan jatuh tempo pada 26 September 2021. 2021.
respectively.
207
2020 Annual Report

PT Bank Central Asia Tbk PT Bank Central Asia Tbk
Pada tanggal 29 November 2017, berdasarkan On November 29, 2017, based on the Credit
Perjanjian Kredit No. 14, PT Bank Central Asia Agreement No. 14, PT Bank Central Asia Tbk
Tbk setuju untuk memberikan fasilitas agreed to provide a working capital loan facility
pinjaman modal kerja dengan jumlah with a maximum available fund amounting to
maksimum dana yang disediakan adalah Rp200,000, which was used as an additional
sebesar Rp200.000 yang digunakan sebagai working capital for consumer financing and/or
tambahan modal kerja pembiayaan konsumen finance lease that will mature on May 23,
dan/atau sewa guna usaha yang berlaku 2021.
sampai 23 Mei 2021.
respectively.
Lembaga Pembiayaan Ekspor Indonesia Lembaga Pembiayaan Ekspor Indonesia
Pada tanggal 11 Januari 2018, BNIMF On 11 January 2018, BNIMF obtained working
memperoleh fasilitas pinjaman kredit modal capital facility loan from Lembaga Pembiayaan
kerja dengan Lembaga Pembiayaan Ekspor Ekspor Indonesia with maximum facility
Indonesia dengan maksimum fasilitas sebesar amounting to Rp50,000 and tenure of 42
Rp50.000 dan jangka waktu pinjaman selama months and will mature on 11 July 2021.
42 bulan dan akan jatuh tempo pada tanggal
11 Juli 2021.
Tingkat suku bunga pinjaman adalah 9,00% Interest rate of the borrowing is 9.00%
untuk pencairan selama tahun 2020 dan 2019. for withdrawal during 2020 and 2019.
Pada tanggal 31 Desember 2020 dan As of of 31 December 2020 and 2019, the
PT Bank Rakyat Indonesia (Persero) Tbk PT Bank Rakyat Indonesia (Persero) Tbk
Pada tanggal 25 Oktober 2018, BNIMF On 25 October 2018, BNIMF obtained working
memperoleh fasilitas pinjaman kredit modal capital loan facility with PT Bank Rakyat
kerja dengan PT Bank Rakyat Indonesia Indonesia (Persero) Tbk with maximum facility
(Persero) Tbk dengan maksimum fasilitas amounting to Rp300,000 and tenure of 6
sebesar Rp300.000 dengan jangka waktu months and matured on 25 October 2019.
pinjaman 6 bulan dan telah jatuh tempo pada
tanggal 25 Oktober 2019.
Pada tanggal 25 November 2019, perjanjian ini On 25 November 2019, it has been re-
telah diperpanjang kembali dan telah jatuh extended and matured on 25 October 2020.
tempo pada tanggal 25 Oktober 2020.
208
2020 Annual Report

Pada tanggal 15 Oktober 2020, perjanjian ini On 15 October 2020, it has been re-extended
telah diperpanjang kembali dan akan jatuh and will mature on 25 January 2021 and for
tempo pada tanggal 25 Januari 2021 dan those facilities have been fully used and paid
untuk fasilitas tersebut sudah dipakai in December 2020.
seluruhnya dan dilunasi pada Desember 2020.
8,15%-9.50% dan 7,78-8,65% untuk pencairan 8.15%-9.50% and 7.78-8.65% for withdrawal
selama tahun 2020 dan 2019. during 2020 and 2019.
2019, saldo pinjaman fasilitas tersebut adalah outstanding loan balance under this facility
sebesar RpNihil dan Rp100.000. amounted to RpNil and Rp100,000,
respectively.
PT Bank Pembangunan Daerah Banten Tbk PT Bank Pembangunan Daerah Banten Tbk
(dahulu PT Bank Pundi Indonesia Tbk) (formerly PT Bank Pundi Indonesia Tbk)
Pada tanggal 21 Maret 2017, PT BNI On 21 March 2017, PT BNI Mulfinance

Mulfinance (BNIMF) memperoleh fasilitas (BNIMF) obtained a revolving loan facility
pinjaman berjangka revolving (fasilitas modal (working capital facility) from PT Bank
kerja) dengan PT Bank Pembangunan Daerah Pembangunan Daerah Banten Tbk with
Banten Tbk dengan maksimum fasilitas maximum facility amounting to Rp40,000 and
sebesar Rp40.000 dan Rp10.000 dengan Rp10,000 with terms of 3 years and matured
jangka waktu pinjaman selama 3 tahun dan on 21 March 2020.
telah jatuh tempo pada tanggal 21 Maret 2020.
Pada tanggal jatuh tempo, seluruh fasilitas On its maturity date, the bank loan facility was
pinjaman bank ini telah dilunasi. already fully paid.
RpNihil dan Rp1.272. amounted to RpNil and Rp1,272, respectively.
PT Bank Capital Indonesia Tbk PT Bank Capital Indonesia Tbk.
Pada tanggal 29 Maret 2017, berdasarkan On March 29, 2017, based on the Credit
Perjanjian Kredit No. 87, PT Bank Capital Agreement No. 87, PT Bank Capital Indonesia
Indonesia Tbk setuju untuk memberikan Tbk agreed to provide a working capital loan
fasilitas pinjaman modal kerja dengan jumlah facility with a maximum available fund
maksimum dana yang disediakan adalah amounting to Rp100,000, which was used as
sebesar Rp100.000 yang digunakan sebagai an additional working capital that matured on
tambahan modal kerja yang berlaku sampai March 30, 2018.
30 Maret 2018.
Perjanjian Kredit No. 4, PT Bank Capital Agreement No. 4, PT Bank Capital Indonesia
Indonesia Tbk setuju untuk memberikan Tbk agreed to provide additional working
tambahan fasilitas pinjaman modal kerja capital loan facility with a maximum available
dengan jumlah maksimum dana yang fund amounting to Rp50,000, which was used
disediakan adalah sebesar Rp50.000 yang as an additional working capital that matured
digunakan sebagai tambahan modal kerja on March 30, 2018.
yang berlaku sampai 30 Maret 2018.
209
2020 Annual Report
PT Bank Capital Indonesia Tbk (lanjutan) PT Bank Capital Indonesia Tbk (continued)
Perjanjian-perjanjian ini telah diperpanjang The agreement has been extended several
beberapa kali dengan Surat Persetujuan times with Approval Letter for Extention of
Perpanjangan Fasilitas Facilities No. SPFK/017/FIN/III/2019 dated
No. SPFK/017/FIN/III/2019 tanggal 21 Maret March 21, 2019, Addendum No.
2019, Addendum No.077/ADD/2020 tanggal 077/ADD/2020 dated May 12, 2020 that will
12 Mei 2020 yang berlaku sampai dengan mature on March 30, 2021.
tanggal 30 Maret 2021.
9,00%-10,00% untuk pencairan tahun 2019. 9.00%-10.00% for withdrawal during 2019.
RpNihil dan Rp100.000. amounted to RpNil and Rp100,000,
respectively,
Dalam perjanjian-perjanjian fasilitas pinjaman Under the above-mentioned loans facility

yang disebutkan di atas, BNIMF diharuskan agreements, BNIMF is required to maintain
menjaga rasio-rasio keuangan dan memenuhi certain financial ratios and comply to certain
pembatasan-pembatasan tertentu termasuk restrictions including not exceeding established
tidak melebihi dari batas yang telah limits, among others, in areas of making any
ditetapkan, antara lain, di dalam bidang loans or granting any credit, giving any
melakukan pinjaman, pemberian piutang, guarantee or indemnity, disposal of assets,
pemberian jaminan atau ganti rugi, pelepasan changes in business, acquisition of other
aset, perubahan bisnis, akuisisi perusahaan companies or businesses, capital
dan bisnis, pengeluaran untuk barang modal, expenditures, transactions with affiliates and
transaksi dengan afiliasi dan penghapusan write off of receivables.
piutang.

2020 2019
Total 44,114,314 57,235,500 Total
c. Tingkat suku bunga per tahun c. Annual interest rates

Dolar
Amerika Serikat/
United States Euro Eropa/ Yuan China/
Rupiah Dollar European Euro Chinese Yuan
% % % %
2020 5.70 - 11.50 0.96 - 2.20 0.02 - 0.85 2.85 2020
2019 5.35 - 11.50 0.00 - 4.89 0.09 - 0.47 6.09 2019
210
2020 Annual Report
30. EFEK-EFEK SUBORDINASI 30. SUBORDINATED SECURITIES
a. Berdasarkan jenis a. By type
2020 2019
Saldo/ Peringkat/ Saldo/ Peringkat/

Balance Rating *) Balance Rating *)
MTN Subordinasi,
setelah dikurangi biaya Subordinated MTN,
penerbitan yang belum diamortisasi net of unamortized issuance
masing-masing sebesar Rp25 cost amounting to Rp25
pada tanggal 31 Desember 2020 as of 31 December 2020 and
dan Rp35 pada tanggal Rp35 as of 31 December 2019,
31 Desember 2019 99,975 idAA*) 99,965 idAA*) respectively
*) Pefindo *) Pefindo
Pada tanggal 8 Juni 2018, BNI telah On 8 June 2018, BNI obtained an effective
mendapatkan pernyataan efektif dari OJK statement from OJK through letter number S-
melalui surat nomor S-73/PB.31/2018 untuk 73/PB.31/2018 to issue Continuous
menerbitkan Medium Term Notes Subordinasi I Subordinated Medium Term Notes I BNI Year
BNI Tahun 2018 (“MTN Subordinasi”). Nilai 2018 ("Subordinated MTN"). The value of
MTN Subordinasi yang diterbitkan sebesar subordinated MTN issued amounted to
Rp100.000, jangka waktu 5 tahun, dengan Rp100,000 with the term of 5 years and
kupon sebesar 8% per tahun yang akan coupon of 8% per annum to be paid quarterly.
dibayarkan secara triwulanan. MTN BNI Subordinated MTN was issued with limited
Subordinasi BNI diterbitkan dengan penawaran offering. The first coupon payment to
terbatas. Pembayaran kupon pertama kepada Subordinated MTN holders was made on
para pemegang MTN Subordinasi telah 10 November 2018.
dilakukan pada tanggal 10 November 2018.
Penggunaan dana hasil penerbitan MTN The proceeds from Subordinated MTN
Subordinasi digunakan oleh BNI untuk issuance was used by BNI to strengthen tier 2
memperkuat modal pelengkap (tier 2) dan capital and working capital in the context of
modal kerja dalam rangka pengembangan business development, especially loan
usaha terutama pemberian kredit serta disbursement and increase in the composition
peningkatan komposisi struktur dana jangka of the long-term fund structure, in accordance
panjang, sesuai dengan sesuai dengan with OJK Regulation No. 11/POJK.03/2016
Peraturan OJK No. 11/POJK.03/2016 tentang concerning the Minimum Capital Requirement
Kewajiban Penyediaan Modal Minimum Bank for Commercial Banks as amended by OJK
Umum sebagaimana telah diubah dengan Regulation No. 34/POJK.03/2016 and will then
Peraturan OJK No. 34/POJK.03/2016 dan be used by BNI to support increase in
selanjutnya akan digunakan oleh BNI untuk productive assets.
mendukung peningkatan aset produktif.
MTN Subordinasi ini tidak dijamin dengan This Subordinated MTN is not guaranteed with
suatu bentuk jaminan khusus, kecuali jaminan specific guarantee, except for general
umum sebagaimana dimaksud dalam dan guarantees as referred and accordance with
sesuai dengan ketentuan Pasal 1131 dan the provisions of Article 1131 and Article 1132
Pasal 1132 Kitab Undang-Undang Hukum of the Indonesian Civil Laws which is all of the
Perdata Indonesia yakni seluruh harta Company's assets whether present or future
kekayaan Perseroan baik berupa barang fixed or non-fixed assets.
bergerak maupun barang tidak bergerak, baik
yang telah ada maupun yang akan ada
dikemudian hari.
211
2020 Annual Report
30. EFEK-EFEK SUBORDINASI (lanjutan) 30. SUBORDINATED SECURITIES (continued)
Selama jangka waktu dan seluruh jumlah As long as the term and all principal amount
pokok beserta bunga MTN Subordinasi belum along with interest for Subordinated MTN have
seluruhnya dilunasi menurut ketentuan not been fully paid according to the terms of
Perjanjian Penerbitan, Perseroan berjanji dan the Issuance Agreement, the Company
mengikatkan diri tanpa pesetujuan tertulis Wali promises and binds itself, without written
Amanat tidak akan melakukan hal-hal sebagai approval from the Trustee will not do the
berikut: (i) mengalihkan, melepaskan hak, atau following: (i) transfer, relinquish rights, or make
menjadikan jaminan utang yang diikat secara debt collateral that is specifically tied for more
khusus lebih dari 50% dari seluruh jumlah than 50% of the total assets of the Company in
kekayaan Perseroan dalam 1 (satu) tahun 1 (one) financial year; (ii) enter into a merger,
buku; (ii) mengadakan penggabungan, consolidation and/or acquisition with other
peleburan dan/atau akuisisi dengan entitas lain entities which will result in the dissolution of
yang menyebabkan bubarnya Perseroan; the Company; (iii) borrowing new debt which
(iii) melakukan peminjaman utang baru yang has a higher position than the debt that arises
memiliki kedudukan lebih tinggi dari utang under the Subordinated MTN; (iv) Guarantee
yang timnul berdasarkan MTN Subordinasi; (iv) the assets including the rights to the
Menjaminkan aktiva termasuk hak atas Company's income, either existing and those
pendapatan Perseroan, baik yang sekarang that will be obtained in the future; (v) make
ada maupun yang akan diperoleh di masa loans to any party except a) loans before the
yang akan datang; (v) memberi pinjaman signing of the agreement, b) loans based on
kepada pihak manapun kecuali a) pinjaman the Company's business activities, c) loans for
sebelum ditandatanganinya perjanian, b) the employee welfare program of the
pinjaman berdasarkan kegiatan usaha Company; (vi) make changes to the main
Perseroan, c) pinjaman untuk program activity of business; (vii) reduce authorized
kesejahteraan pegawai Perseroan; (vi) capital, issued capital and paid-up capital,
mengadakan perubahan bidang usaha utama; except due to provisions of the Government,
(vii) mengurangi modal dasar, modal Competent Authorities or Bank Indonesia (viii)
ditempatkan dan modal disetor, kecuali karena propose a bankruptcy by the Company as a
adanya ketentuan Pemerintah, Otoritas yang result of the bankruptcy of another party; (ix)
Berwenang atau Bank Indonesia; declare the payment of dividends in the
(viii) mengajukan permohonan pailit yang financial year of the Company as long as the
diajukan oleh Perseroan sebagai akibat Company does not pay the amount due based
kepailitan pihak lain; (ix) menyatakan on the agreement related to the Subordinated
pembayaran dividen pada tahun buku MTN; (x) enter into agreements outside of
Perseroan selama Perseroan tidak melakukan business activities that have a negative impact
pembayaran jumlah terutang bedasarkan on the Company.
perjanjian terkait dengan MTN Subordinasi; (x)
mengadakan perjanjian di luar kegiatan usaha
yang berdampak negatif terhadap Perseroan.
BNI telah memperoleh hasil pemeringkatan BNI obtained the rating of Subordinated MTN
atas MTN Subordinasi dari PT Pemeringkat from PT Pemeringkat Efek Indonesia
Efek Indonesia (“Pefindo”) untuk periode 3 Juli ("Pefindo") for the period 10 July 2019 until 1
2020 sampai dengan 1 Juli 2021 sesuai July 2020, through letter No. RC-656/PEF-
dengan suratnya No. No.RC-834/PEF- DIR/VII/2019 dated 10 July 2019, with idAA
DIR/VII/2020 tanggal 6 Juli 2020, dengan rating (Double A).
peringkat idAA (Double A).
212
2020 Annual Report
30. EFEK-EFEK SUBORDINASI (lanjutan) 30. SUBORDINATED SECURITIES (continued)
MTN Subordinasi ini dapat mengalami write This Subordinated MTN can experience write
down dan ditangguhkan pembayaran pokok down and the payment of principal and interest
dan bunganya apabila OJK menetapkan will be postponed if the OJK stipulates that BNI
bahwa BNI berpotensi terganggu has the potential to be subject to business
kelangsungan usahanya (point of non-viability) continuity issues (point of non-viability) in
sesuai dengan peraturan OJK No. accordance with OJK regulations
11/POJK.03/2016 yang diubah dengan No. 11/POJK.03/2016 amended by OJK
peraturan OJK No. 34/POJK.03/2016. Point of regulation No. 34/POJK.03/2016. Point of non-
non-viability terjadi akibat bank mencapai viability occurs due to a bank achieving a
trigger level pada indikator permodalan yang trigger level in the capital indicator set by OJK,
ditetapkan OJK, sesuai SEOJK No. according to SEOJK No. 20/SEOJK.03/2016
20/SEOJK.03/2016 Fitur Konversi Menjadi Conversion Features into Common Shares or
Saham Biasa atau Write Down terhadap Write Down of Additional Core Capital
Instrumen Modal Inti Tambahan dan Modal Instruments and Supplementary Capital.
Pelengkap.
b. Berdasarkan mata uang b. By currency
2020 2019
Rupiah Rupiah
MTN Subordinasi,
setelah dikurangi biaya penerbitan Subordinated MTN
yang belum diamortisasi sebesar net of unamortized issuance
Rp25 pada tanggal 31 Desember 2020 cost amounting Rp25 as of
dan Rp35 pada tanggal 31 December 2020 and Rp35 as of
31 Desember 2019 99,975 99,965 31 December 2019
c. Berdasarkan hubungan c. By relationship
2020 2019

Total 99,975 99,965 Total
d. Tingkat suku bunga per tahun d. Annual interest rates
Rupiah
%
2020 8.00 2020

2019 8.00 2019
213
2020 Annual Report
31. DANA SYIRKAH TEMPORER - GIRO MUDHARABAH 31. TEMPORARY SYIRKAH FUNDS - MUDHARABAH
CURRENT ACCOUNTS
a. Berdasarkan jenis produk a. By product
2020 2019
Bukan Bank Non-Bank

iB Hasanah (Mudharabah)
Giro iB Hasanah (Mudharabah) 2,812,156 4,808,318 current accounts
Bank Bank
iB Hasanah (Mudharabah)
Giro iB Hasanah (Mudharabah) 11,996 11,384 current accounts
2,824,152 4,819,702
2020 2019
Bukan Bank Non-Bank

Pihak berelasi 1,056,206 371,145 Related parties
Pihak ketiga 1,755,950 4,437,173 Third parties
2,812,156 4,808,318
Bank Bank
Pihak ketiga 11,996 11,384 Third parties
2,824,152 4,819,702
Nisbah dan tingkat bagi hasil rata-rata untuk The average rate of ratio and profit sharing for
giro Mudharabah untuk tahun yang berakhir Mudharabah current accounts for the years
pada 31 Desember 2020 dan 2019 adalah ended 31 December 2020 and 2019 are as
2020
Tingkat
bagi hasil (%)/
Nisbah (%)/ Profit sharing
Ratio (%) rate (%)
Giro Mudharabah 3 : 97 0.21 - 0.27 Mudharabah current accounts
2019
Tingkat
bagi hasil (%)/
Ratio (%) rate (%)
Giro Mudharabah 3 : 97 0.27 - 0.31 Mudharabah current accounts
214
2020 Annual Report
32. DANA SYIRKAH TEMPORER - TABUNGAN 32. TEMPORARY SYIRKAH FUNDS - MUDHARABAH
MUDHARABAH SAVINGS DEPOSITS
a. Berdasarkan jenis produk a. By product
2020 2019
Bukan Bank Non-Bank

Tabungan iB Syariahplus iB Savings Shariaplus
Perorangan 6,742,505 5,734,703 Individual
Tabungan iB Bisnis 1,919,080 1,665,970 iB Savings Business
Tabungan Baitullah iB Savings
iB Hasanah 1,516,199 1,411,236 Baitullah Hasanah
Tabungan Prima iB Prima
iB Hasanah 988,610 717,679 Savings Hasanah
Tabungan iB Bisnis iB Savings Business
Non-Perorangan 920,295 617,446 Non-Individual
Tabungan iB Syariahplus iB Savings Shariaplus
Tapenas iB Hasanah 282,801 245,917 iB Tapenas Hasanah
Tabungan iB iB Savings
Tunas Hasanah 86,305 49,892 Hasanah Card
Tapma iB Hasanah 36,978 41,416 iB Tapma Hasanah
Tabungan iB iB Savings
Hasanah Card 2,736 2,780 Hasanah Card
Tabungan iB KTM
Perorangan - 24 IB Savings KTM
13,010,275 10,875,899
Bank Bank
Tabungan iB Bisnis iB Savings Business
Tabungan iB Syariahplus 34,632 37,222 iB Savings Shariaplus
Tabungan iB Bisnis 2,274 727 iB Savings Business
185,479 151,421
13,195,754 11,027,320
2020 2019
Bukan Bank Non-Bank
Pihak berelasi 13,950 15,603 Related parties
13,010,275 10,875,899
Bank Bank
13,195,754 11,027,320
Tabungan Mudharabah merupakan simpanan Mudharabah savings deposits represent

dana pihak lain yang mendapatkan imbalan deposits from third parties who receive a share
bagi hasil dari pendapatan Entitas Anak atas in the revenue derived by the Subsidiaries
penggunaan dana tersebut dengan nisbah yang from the use of such funds based on a pre-
ditetapkan dan disetujui sebelumnya. determined and pre-agreed ratio.
215
2020 Annual Report
32. DANA SYIRKAH TEMPORER - TABUNGAN 32. TEMPORARY SYIRKAH FUNDS - MUDHARABAH
MUDHARABAH (lanjutan) SAVINGS DEPOSITS (continued)
tabungan Mudharabah untuk tahun yang Mudharabah savings deposits for the years
berakhir pada 31 Desember 2020 dan ended 31 December 2020 and 2019 are as
2019 adalah sebagai berikut: follows:
2020
Tingkat
bagi hasil (%)/
Ratio (%) rate (%)
Tabungan iB Hasanah 1 : 99 - 43:57 0.05 - 3.93 iB Hasanah Savings Deposit
2019
Tingkat
bagi hasil (%)/
Ratio (%) rate (%)
Tabungan iB Hasanah 1 : 99 - 43:57 0.09 - 3.93 iB Hasanah Savings Deposit
33. DANA SYIRKAH TEMPORER - DEPOSITO 33. TEMPORARY SYIRKAH FUNDS - MUDHARABAH
MUDHARABAH TIME DEPOSITS
a. Berdasarkan hubungan a. By relationship
2020 2019
Bukan Bank Non-Bank

Pihak berelasi 2,010,466 1,962,744 Related parties
16,058,270 16,086,130
Bank Bank
16,209,657 16,264,795
b. Berdasarkan jangka waktu kontrak b. By contractual period
2020 2019
Bukan Bank Non-Bank

<1 bulan 4,440,686 7,502,033 <1 month
1 - <3 bulan 2,508,654 1,697,293 1 - <3 months
3 - <6 bulan 1,595,793 440,194 3 - <6 months
6 - 12 bulan 7,513,137 6,446,610 6 - 12 months
16,058,270 16,086,130
Bank Bank
<1 bulan 103,612 4,112 <1 month
1 - <3 bulan 6,554 109,552 1 - <3 months
3 - <6 bulan 877 82 3 - <6 months
6 - 12 bulan 40,344 64,919 6 - 12 months
151,387 178,665
16,209,657 16,264,795
216
2020 Annual Report
33. DANA SYIRKAH TEMPORER - DEPOSITO 33. TEMPORARY SYIRKAH FUNDS - MUDHARABAH
MUDHARABAH (lanjutan) TIME DEPOSITS (continued)
c. Berdasarkan sisa umur jatuh tempo c. By remaining period to maturity
2020 2019
Bukan Bank Non-Bank

< 1 bulan 5,556,723 7,374,635 < 1 month
1 - <3 bulan 4,137,727 3,265,264 1 - <3 months
3 - <6 bulan 1,889,652 1,628,372 3 - <6 months
6 - 12 bulan 4,288,250 3,630,640 6 - <12 months
>12 bulan 185,918 187,219 >12 months
16,058,270 16,086,130
Bank Bank
< 1 bulan 110,714 16,214 < 1 month
1 - <3 bulan 7,077 109,840 1 - <3 months
3 - <6 bulan 12,667 11,188 3 - <6 months
6 - 12 bulan 17,238 28,573 6 - <12 months
>12 bulan 3,691 12,850 >12 months
151,387 178,665
16,209,657 16,264,795
d. Deposito mudharabah merupakan investasi d. Mudharabah time deposits represent

pihak lain yang mendapatkan imbalan bagi hasil investments from other parties who receive
dari pendapatan Entitas Anak atas penggunaan share in the income derived by a Subsidiary
dana tersebut dengan nisbah yang ditetapkan from the use of such funds based on a pre-
dan disetujui sebelumnya. determined and pre-agreed ratio.
deposito mudharabah untuk tahun yang Mudharabah time deposits for the years ended
berakhir pada tanggal 31 Desember 2020 dan 31 December 2020 and 2019, are as follows:
2019 adalah sebagai berikut:
2020 2019
Tingkat Tingkat
bagi hasil (%)/ bagi hasil (%)/
Nisbah (%)/ Profit sharing Nisbah (%)/ Profit sharing
Ratio (%) rate (%) Ratio (%) rate (%)
1 Bulan 43 : 57 3.16 46 : 54 4.37 1 month
3 Bulan 44 : 56 3.23 47 : 53 4.46 3 months
6 Bulan 45 : 55 3.31 49 : 51 4.65 6 months
12 Bulan 46 : 54 3.38 50 : 50 4.74 12 months
e. Deposito mudharabah yang dijadikan jaminan e. Mudharabah deposits that were used as
atas piutang dan pembiayaan yang diberikan collateral for the Bank’s receivables and
oleh Bank untuk tahun yang berakhir pada financing for the years ended 31 December
tanggal 31 Desember 2020 dan 2019 masing- 2020 and 2019 amounted to Rp486,211 and
masing sebesar Rp486.211 dan Rp559.433. Rp559,433, respectively.
217
2020 Annual Report
34. MODAL SAHAM DAN TAMBAHAN MODAL 34. SHARE CAPITAL AND ADDITIONAL PAID-IN
DISETOR CAPITAL
Modal Saham Share Capital
Pada tanggal-tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, BNI’s share
2019, kepemilikan modal saham BNI adalah capital ownership are as follows:
sebagai berikut:
Jumlah lembar
saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan (%)/
shares issued Percentage Jumlah/
Pemegang saham and fully paid of ownership (%) Amount Shareholders
Saham Seri A Dwiwarna Class A Dwiwarna share
Negara Republik Indonesia 1 - - Republic of Indonesia
Saham Seri B Class B shares

Negara Republik Indonesia 217,006,399 1.16 1,627,548 Republic of Indonesia
Masyarakat
(kepemilikan masing-masing Public (ownership less than
dibawah 5% untuk setiap pihak) 72,335,467 0.39 542,516 5% each)
Total saham Seri B 289,341,866 1.55 2,170,064 Total Class B shares
Saham Seri C Class C shares

Negara Republik Indonesia 10,972,187,475 58.90 4,114,570 Republic of Indonesia
Perseroan terbatas Limited liability company
(kepemilikan masing-masing (ownership less
dibawah 5% untuk setiap pihak) 1,672,478,906 8.98 627,180 than 5% each)
Badan usaha asing Foreign investment entities
(kepemilikan masing-masing (ownership less than
dibawah 5% untuk setiap pihak) 3,448,015,073 18.51 1,293,006 5% each)
Bob Tyasika Ananta (Direktur) 657,669 0.00 247 Bob Tyasika Ananta (Director)
Adi Sulistyowati (Direktur) 575,102 0.00 216 Adi Sulistyowati (Director)
Joni Swastanto (Komisaris) 235,120 0.00 88 Joni Swastanto (Commissioner)
Ratih Nurdiati (Komisaris) 116,628 0.00 44 Ratih Nurdiati (Commissioner)
Sis Apik Wijayanto (Direktur) 90,000 0.00 34 Sis Apik Wijayanto (Director)
Askolani (Komisaris) 61,833 0.00 23 Askolani (Commissioner)
Ronny Venir (Direktur) 26,700 0.00 10 Ronny Venir (Director)
Henry Panjaitan (Direktur) 10,844 0.00 4 Henry Panjaitan (Director)
Corina Leyla Karnalies (Direktur) 44 0.00 - Corina Leyla Karnalies (Director)
Masyarakat
dibawah 5% untuk setiap pihak) 2,245,279,497 12.05 841,979 5% each)
Total saham Seri C 18,339,734,891 98.45 6,877,401 Total Class C shares
Total 18,629,076,758 100.00 9,047,465 Total
Saham treasuri 19,579,700 7,342 Treasury shares
Sampai dengan tanggal 31 Desember 2020, BNI As of 31 December 2020, BNI has purchased
telah melakukan pembelian saham sebanyak amounting to 19,579,700 shares (nominal value
19.579.700 lembar saham (nilai nominal Rp375 Rp375 (full amount) per share), with acquisition
(nilai penuh) per lembar saham) dengan harga price amounting to Rp79,449.
perolehan sebesar Rp79.449.
218
2020 Annual Report
DISETOR (lanjutan) CAPITAL (continued)
Modal Saham (lanjutan) Share Capital (continued)
Jumlah lembar
saham
ditempatkan dan
disetor penuh/ Persentase
Number of kepemilikan (%)/
shares issued Percentage Jumlah/
Pemegang saham and fully paid of ownership (%) Amount Shareholders
Saham Seri A Dwiwarna Class A Dwiwarna share
Negara Republik Indonesia 1 - - Republic of Indonesia
Saham Seri B Class B shares

Negara Republik Indonesia 217,006,399 1.16 1,627,548 Republic of Indonesia
Masyarakat
Total saham Seri B 289,341,866 1.54 2,170,064 Total Class B shares
Saham Seri C Class C shares

Negara Republik Indonesia 10,972,187,475 58.84 4,114,570 Republic of Indonesia
Perseroan terbatas
(kepemilikan masing-masing Limited liability (ownership less
dibawah 5% untuk setiap pihak) 1,816,038,920 9.74 681,015 than 5% each)
Badan usaha asing Foreign investment entities
(kepemilikan masing-masing (ownership less than
dibawah 5% untuk setiap pihak) 4,930,228,487 26.44 1,848,836 5% each)
Anggoro Eko Cahyo (Direktur) 272,305 0.00 102 Anggoro Eko Cahyo (Director)
Putrama Wahju Setyawan (Direktur) 257,221 0.00 96 Putrama Wahju Setyawan (Director)
Bob Tyasika Ananta (Direktur) 201,670 0.00 76 Bob Tyasika Ananta (Director)
Achmad Baiquni (Direktur Utama) 131,976 0.00 49 Achmad Baiquni (President Director)
Herry Sidharta (Wakil Direktur Utama) 124,020 0.00 47 Herry Sidharta (Vice President Director)
Adi Sulistyowati (Direktur) 119,103 0.00 45 Adi Sulistyowati (Director)
Rico Rizal Budidarmo (Direktur) 118,779 0.00 45 Rico Rizal Budidarmo (Director)
Endang Hidayatullah (Direktur) 59,831 0.00 22 Endang Hidayatullah (Director)
Joni Swastanto (Komisaris) 53,451 0.00 20 Joni Swastanto (Commisioner)
Dadang Setiabudi (Direktur) 47,511 0.00 18 Dadang Setiabudi (Director)
Tambok P.S Simanjuntak (Direktur) 24,880 0.00 9 Tambok P.S Simanjuntak (Director)
Ario Bimo (Direktur) 10,302 0.00 4 Ario Bimo (Director)
Masyarakat
Total saham Seri C 18,359,314,591 98.46 6,884,743 Total Class C shares
Total 18,648,656,458 100.00 9,054,807 Total
Saham Seri A Dwiwarna adalah saham yang The Class A Dwiwarna share is a share that gives
memberikan hak-hak preferen kepada the holder preferred rights to approve the
pemegangnya untuk menyetujui pengangkatan dan appointment and dismissal of Commissioners and
pemberhentian Komisaris dan Direksi, perubahan Directors, amend the Articles of Association,
Anggaran Dasar, menyetujui pembubaran dan approve the dissolution and liquidation, merger,
likuidasi, penggabungan, dan pengambil alihan BNI and takeover of BNI and all other rights of Class B
dan semua hak-hak lainnya yang dimiliki saham and Class C shares. The Class A Dwiwarna share
Seri B dan saham Seri C. Saham Seri A Dwiwarna may not be transferred to other parties.
tidak dapat dialihkan kepada pihak lain.
Saham Seri B dan Saham Seri C adalah saham Class B and Class C shares are ordinary shares
biasa atas nama yang memiliki hak yang sama. that have the same rights.
219
2020 Annual Report
Modal Saham (lanjutan) Share Capital (continued)
Pada tanggal 13 Agustus 2007, Pemerintah On 13 August 2007, the Government of the
Republik Indonesia, melakukan divestasi sebesar Republic of Indonesia divested 3,475,231,980
3.475.231.980 saham Seri C, mewakili 22,54% dari Class C shares, representing 22.54% of
kepemilikan di BNI melalui Penawaran Umum shareholding in BNI through a Second Initial Public
Saham Kedua. Offering (IPO).
Sesuai Keterbukaan Informasi dalam upaya In accordance with the Disclosure of Information in
stabilisasi harga pasar saham di tengah kondisi relation to the stabilization of stock market price
perekonomian regional dan global yang mengalami amidst stressful and slowing regional and global
tekanan dan perlambatan, Bank telah melakukan economy, the Bank repurchased shares issued by
Pembelian Kembali Saham Perseroan yang telah the Bank listed in the Indonesia Stock Exchange
dikeluarkan dan tercatat di Bursa Efek Indonesia ("IDX"). This program is consistent with Regulation
(“BEI”). Program ini mengacu pada Peraturan OJK of Financial Services Authority ("FSA") No.
No. 2/POJK.04/2013 tanggal 23 Agustus 2013 2/POJK.04/2013 dated 23 August 2013 on the
tentang Pembelian Kembali Saham yang Repurchase of Shares Issued by the Issuers or
Dikeluarkan oleh Emiten atau Perusahaan Publik Public Companies in Significant Fluctuating Market
dalam Kondisi Pasar yang Berfluktuasi Secara Conditions ("POJK No. 2/POJK.04/2013") and FSA
Signifikan (“POJK No. 2/POJK.04/2013”) dan Surat Circular Letter No. 3/SEOJK.04/2020 dated 9
Edaran OJK No. 3/SEOJK.04/2020 tanggal 9 Maret March 2020 on Other Conditions As Significant
2020 tentang Kondisi Lain sebagai Kondisi Pasar Fluctuating Market Conditions in the
yang Berfluktuasi Secara Signifikan dalam Implementation of Shares Buyback Issued by
Pelaksanaan Pembelian Kembali Saham yang Issuers or Public Companies.
Dikeluarkan oleh Emiten atau Perusahaan Publik
(“SEOJK No. 3/SEOJK.04/2020”).
Pembelian kembali saham Bank telah dilaksanakan The repurchase of shares was executed on
pada tanggal 16 Maret 2020 sampai dengan 16 March 2020 to 15 June 2020, consistent with
15 Juni 2020, sesuai dengan tanggal Keterbukaan the date of Disclosure of Information. The Bank
Informasi. Bank melakukan pembelian kembali repurchased 195,797 lots of Class C Shares, or
Saham Seri C sejumlah 195.797 lot atau sebanyak 19,579,700 shares with an average acquisition cost
19.579.700 lembar saham dengan rata-rata biaya amounting to Rp4,057.70 (full amount) per share.
perolehan rata-rata sebesar Rp4.057,70 (nilai
penuh) per lembar saham.
Tambahan Modal Disetor Additional Paid in Capital
Perubahan tambahan modal disetor adalah The movements in additional paid in capital are as
Saldo pada tanggal 1 Januari 2010 591,156 Balance as of 1 January 2010

Tambahan modal disetor akibat Penawaran
Umum Saham Terbatas I pada tahun Additional paid in capital due to Right Issue I
2000 (lihat Catatan 1c) 56,883,826 in 2000 (refer to Note 1c)
57,474,982
Pengurangan tambahan modal disetor akibat Reduction of paid in capital due to refund of excess
pengembalian dana rekapitalisasi kepada recapitalization funds to the Government
pemerintah Indonesia (lihat Catatan 1d) (581,474) of Indonesia (refer to Note 1d)
56,893,508
Dieliminasi dengan akumulasi kerugian dalam Elimination against accumulated losses in relation
rangka kuasi-reorganisasi per tanggal to the quasi-reorganization as of 30 June 2003
30 Juni 2003 (lihat Catatan 1e) (54,367,847) (refer to Note 1e)
2,525,661
220
2020 Annual Report
Tambahan Modal Disetor (lanjutan) Additional Paid in Capital (continued)
Perubahan tambahan modal disetor adalah The movements in additional paid in capital are as
sebagai berikut: (lanjutan) follows: (continued)

Umum Saham Terbatas II pada tahun Additional paid in capital due to Right Issue II
2007 (lihat Catatan 1f) 3,287,218 in 2007 (refer to Note 1f)
Biaya emisi penerbitan saham (195,280) Shares issuance cost
5,617,599
Umum Saham Terbatas III pada tahun Additional paid in capital due to Right Issue III
2010 (lihat Catatan 1g) 9,196,100 in 2010 (refer to Note 1g)
Biaya emisi penerbitan saham (245,231) Shares issuance cost
14,568,468
35. PENGGUNAAN LABA NETO 35. APPROPRIATION OF NET INCOME
Berdasarkan keputusan Rapat Umum Pemegang In accordance with the resolutions of the Annual
Saham Tahunan tanggal 20 Februari 2020 dan General Shareholders’ Meetings held on
13 Mei 2019, pengalokasian laba neto masing- 20 February 2020 and 13 May 2019, the allocation
masing untuk tahun yang berakhir pada tanggal- of the net income for the years ended
tanggal 31 Desember 2019 dan 2018 adalah 31 December 2019 and 2018, respectively,are as
2019 2018
Pembagian dividen 3,846,119 3,753,780 Distribution of dividends
Saldo laba 11,538,357 11,261,339 Retained earnings
Total 15,384,476 15,015,119 Total
Rapat Umum Pemegang Saham telah menyetujui General Shareholders’ meeting has approved the
pembagian dividen dari laba neto tahun 2019 dan dividend distribution of Rp3,846,119 and
2018, masing-masing sebesar Rp3.846.119 dan Rp3,753,780, respectively from the 2019 and 2018
Rp3.753.780. net income.
36. CADANGAN UMUM DAN WAJIB 36. GENERAL AND LEGAL RESERVES
Cadangan umum dan wajib pada awalnya dibentuk The general and legal reserves were originally
dalam rangka memenuhi ketentuan Pasal 61 provided in accordance with Indonesian Limited
ayat (1) Undang-undang No. 1/1995 mengenai Liability Company Law No. 1/1995 article 61
Perseroan Terbatas (kemudian diganti dengan paragraph (1) (later superseded by Limited Liability
Undang-undang Perseroan Terbatas No. 40/2007 Company Law No. 40/2007 article 70), which
pasal 70), yang mengharuskan perusahaan requires Indonesian companies to set up a general
Indonesia untuk membuat penyisihan cadangan and legal reserve amounting to at least 20% of the
umum dan wajib sebesar sekurang-kurangnya 20% issued and paid-up share capital. This particular
dari jumlah modal yang ditempatkan dan disetor law does not regulate the period of time in relation
penuh. Undang-undang tersebut tidak mengatur to the provision of such reserves.
jangka waktu untuk pembentukan penyisihan
tersebut.
221
2020 Annual Report
37. CADANGAN KHUSUS 37. SPECIFIC RESERVES
Cadangan khusus terdiri dari cadangan yang Specific reserves consist of reserve for investment
dibentuk dalam rangka tujuan investasi dan legal purposes and legal reserve from overseas
reserve dari cabang luar negeri. branches.
Sehubungan dengan adanya penerapan Peraturan In relation with implementation of Regulation of the
Otoritas Jasa Keuangan (POJK) No. Financial Services Regulatory Authority (“POJK”)
34/POJK.03/2016 tanggal 22 September 2016 No. 34/POJK.03/2016 dated September 22, 2016
tentang Perubahan atas POJK No. on Amendments to POJK No. 11/POJK.03/2016
11/POJK.03/2016 tentang "Kewajiban Penyediaan concerning "Minimum Capital Requirement for
Modal Minimum" yang mulai berlaku pada tanggal Commercial Bank" which came into force on
26 September 2016 ("tanggal diberlakukannya"), 26 September 2016 ("date of enactment"), to
untuk menjaga struktur permodalannya, Bank telah maintain its capital structure, the Bank has
melakukan reklasifikasi atas saldo laba yang sudah reclassified retained earnings that has been
ditentukan penggunaannya (cadangan khusus) appropriated (specific reserve) amounting to
sebesar Rp5,613,100 dan cadangan cabang luar Rp5.613.100 and reserve of overseas branch
negeri sebesar Rp92,276 per 31 Desember 2016, amounting to Rp92.276 as of 31 December 2016
menjadi laba di tahan yang tidak ditentukan into the unappropriated retained earnings.
penggunaanya. Reklasifikasi atas saldo laba The reclassification of retained earnings has been
tersebut telah mendapatkan persetujuan melalui approved through Annual General Shareholders
berita acara Rapat Umum Pemegang Saham Meeting No. 42 dated 16 March 2017.
Tahunan No. 42 tanggal 16 Maret 2017.
38. PENDAPATAN BUNGA DAN PENDAPATAN 38. INTEREST INCOME AND SHARIA INCOME
SYARIAH

31 Desember/Year ended 31 December
2020 2019
Pinjaman yang diberikan 45,321,425 47,748,006 Loans
Obligasi Pemerintah 4,635,240 3,879,669 Government Bonds
Marjin, pendapatan bagi hasil dan Margin, profit-sharing revenue
bonus syariah 4,028,813 4,036,377 and sharia bonus
Penempatan pada bank lain dan Placements with other banks and
Bank Indonesia 984,609 823,817 Bank Indonesia
Efek-efek 549,398 1,056,390 Marketable securities
Wesel ekspor dan tagihan lainnya 500,918 653,726 Bills and other receivables
Total 56,172,871 58,532,373 Total
39. BEBAN BUNGA DAN BEBAN SYARIAH 39. INTEREST EXPENSE AND SHARIA EXPENSE

2020 2019
Deposits from customers and
Simpanan nasabah dan bank lain 16,155,848 17,243,659 other banks
Pinjaman yang diterima 1,688,763 3,439,671 Borrowings
Bagi hasil Mudharabah 914,306 980,671 Mudharabah profit-sharing expense
Efek-efek yang diterbitkan 248,275 248,271 Securities issued
Total 19,020,905 21,929,999 Total
222
2020 Annual Report
40. BEBAN GAJI DAN TUNJANGAN 40. SALARIES AND EMPLOYEE BENEFITS
EXPENSE

2020 2019
Gaji, upah dan tunjangan pajak 5,137,496 4,491,772 Salaries, wages and tax allowance
Tunjangan hari raya, kesehatan, Yearly allowance, medical,
kesejahteraan dan lainnya 2,973,005 2,946,025 welfare and others
Bonus, insentif dan tantiem 917,661 1,891,054 Bonus, incentives and tantiem
Pendidikan dan pelatihan 249,480 397,569 Training and development
Total 9,750,781 10,186,127 Total
Jumlah gaji dan tunjangan, bonus/tantiem, imbalan Total gross salaries and allowances,
kerja jangka panjang yang dibayarkan kepada bonus/tantiem, long-term employment benefits paid
Dewan Komisaris, Direksi, Komite Audit serta to the Boards of Commissioners and Directors,
Senior Executive Vice President (SEVP), Executive Audit Committee and Senior Executive Vice
Vice President (EVP) dan Senior Vice President President (SEVP), Executive Vice President (EVP)
(SVP) masing-masing untuk tahun yang berakhir and Senior Vice President (SVP) for the years
pada tanggal-tanggal 31 Desember 2020 dan 2019 ended 31 Desember 2020 and 2019 are as follows:
Imbalan
kerja jangka
Gaji dan panjang/
tunjangan/ Long-term
Salaries and Bonus/tantiem/ employment Jumlah/
allowances Bonus/tantiem benefits Total
Dewan Komisaris 19,978 55,412 3,093 78,483 Board of Commissioners
Direksi 52,304 144,588 7,881 204,773 Board of Directors
Komite Audit 840 - - 840 Audit Committee
SEVP, EVP dan SVP 103,155 25,893 - 129,048 SEVP, EVP and SVP
176,277 225,893 10,974 413,144
Imbalan
kerja jangka
Gaji dan panjang/
tunjangan/ Long-term
Salaries and Bonus/tantiem/ employment Jumlah/
allowances Bonus/tantiem benefits Total
SEVP, EVP dan 99,704 21,196 - 120,900 SEVP, EVP and
SVP SVP
164,423 272,133 9,619 446,175
Sesuai dengan kebijakan Bank, selain gaji, Under the Bank’s policy, in addition to salaries,
pegawai juga mendapatkan fasilitas dan tunjangan employees are entitled to allowances and benefits,
berupa Tunjangan Hari Raya (THR), fasilitas such as yearly allowance (THR), medical
kesehatan, sumbangan kematian, tunjangan cuti, reimbursements, death allowance, leave
fasilitas jabatan untuk jabatan tertentu, program allowance, functional allowance for certain levels,
pensiun untuk pegawai tetap, insentif sesuai pension plan for permanent employees, incentives
dengan kinerja Bank dan pegawai, dan manfaat based on the Bank and employees’ performance,
untuk pegawai yang berhenti bekerja sesuai and post-employment benefits in accordance with
dengan Undang-Undang Ketenagakerjaan yang prevailing Labor Law.
berlaku.
223
2020 Annual Report
41. BEBAN OPERASIONAL LAINNYA - LAIN-LAIN 41. OTHER OPERATING EXPENSES - OTHERS
Akun ini terdiri dari beban kerjasama dengan pihak This account represents partnership expenses with
ketiga terkait transaksi ATM dan kartu kredit, beban third parties related to ATM and credit card
pungutan tahunan OJK dan lain-lain. transactions, annual fees to OJK and others.
42. BEBAN UMUM DAN ADMINISTRASI 42. GENERAL AND ADMINISTRATIVE EXPENSES

2020 2019
Penyusutan (Catatan 18) 2,576,716 1,386,498 Depreciation (Note 18)

Beban tenaga alih daya 2,009,228 1,906,788 Outsourcing expenses
Komunikasi 1,321,849 1,196,153 Communications
Biaya sewa 813,399 1,235,325 Rental expenses
Perbaikan dan pemeliharaan 646,616 641,450 Repairs and maintenance
Perlengkapan kantor 598,496 745,168 Office supplies
Listrik dan air 354,952 374,603 Electricity and water
Transportasi 232,588 293,734 Transportation
Penelitian dan pengembangan 88,573 88,532 Research and development
Jasa profesional 51,062 73,272 Professional services
Teknologi informasi 22,103 18,184 Information technology
Beban lain-lain 347,095 299,002 Other expenses
Total 9,062,677 8,258,709 Total
43. IMBALAN KERJA 43. EMPLOYEE BENEFITS
2020 2019
Imbalan kerja jangka pendek 1,135,226 2,082,423 Short-term employee benefits

Imbalan pasca kerja jangka panjang Long-term employee benefits
Program pensiun manfaat pasti 2,605,239 135,624 Defined benefit pension plan
Imbalan pasca kerja
lainnya dan imbalan Post employment benefits and other
kerja jangka panjang lainnya 2,603,803 2,174,230 long-term employee benefits
5,209,042 2,309,854
Liabilitas yang diakui pada Liability recognized in the
laporan posisi keuangan consolidated statement of
konsolidasian 6,344,268 4,392,277 financial position
Program dana pensiun Bank ini dikelola oleh Dana The pension plan of the Bank is managed by Dana
Pensiun PT Bank Negara Indonesia (Persero) Tbk Pensiun PT Bank Negara Indonesia (Persero) Tbk
(“Dana Pensiun”). Kontribusi pegawai adalah (“Dana Pensiun”). The employees’ contributions
sebesar 7,5% dari penghasilan dasar pensiun are 7.5% of the employee’s pension salary-based
karyawan dan sisa jumlah yang diperlukan untuk and the remaining amounts required to fund the
mendanai program tersebut ditanggung oleh BNI. program/pension plan are contributed by BNI.
Program pensiun manfaat pasti Defined benefit pension plan
Penilaian aktuaria atas manfaat pensiun pada The actuarial calculations of pension benefits for
tahun yang berakhir tanggal 31 Desember 2020 the years ended 31 December 2020 and
dan 2019, dilakukan oleh perusahaan konsultan 2019 are prepared by a registered actuarial
aktuaria terdaftar, PT Towers Watson Purbajaga, consulting firm, PT Towers Watson Purbajaga,
dengan menggunakan metode “Projected Unit using the “Projected Unit Credit” method.
Credit”.
224
2020 Annual Report
43. IMBALAN KERJA (lanjutan) 43. EMPLOYEE BENEFITS (continued)
Program pensiun manfaat pasti (lanjutan) Defined benefit pension plan (continued)
Rekonsiliasi status pembiayaan atas program A reconciliation of the funding status of the pension
pensiun berdasarkan laporan aktuaria PT Towers plan based on the actuarial reports of PT Towers
Watson Purbajaga tanggal 4 Januari 2021 dan Watson Purbajaga dated 4 January 2021 and
7 Januari 2020 disajikan sebagai berikut: dated 7 January 2020 are as follows:
2020 2019
Nilai wajar aset dana Fair value of pension plan

pensiun 6,377,183 6,708,370 assets
Nilai kini liabilitas manfaat pasti yang Present value of funded defined
didanai (8,982,422) (6,843,994) benefit obligation
Selisih (kurang) lebih pendanaan (2,605,239) (135,624) Funding (deficit) surplus

Selisih lebih pendanaan yang
tidak diakui - - Asset adjustment
Liabilitas - neto (2,605,239) (135,624) Liabilities - net
Mutasi nilai kini liabilitas manfaat pasti yang didanai The movements in the present value of funded
selama tahun berjalan adalah sebagai berikut: defined benefit obligations for the year are as
follows:
2020 2019
Pada awal periode 6,843,994 6,448,951 At beginning of the period

Biaya jasa kini 294,695 169,526 Current service cost
Biaya bunga 471,767 494,113 Interest cost
7,610,456 7,112,590
Pengukuran kembali: Remeasurements:
Kerugian aktuarial yang
timbul dari perubahan Actuarial losses from changes
asumsi keuangan 1,748,942 478,791 in financial assumption
Kerugian/(keuntungan) aktuarial yang
timbul karena penyesuaian Actuarial losses/(gains) from
atas pengalaman 173,446 (133,930) changes in experience
1,922,388 344,861
Pembayaran dari program: Payments from plan:
Iuran peserta 22,650 20,574 Employees’ contributions
Imbalan yang dibayar (573,072) (634,031) Benefits paid
Pada akhir periode 8,982,422 6,843,994 At end of the period
Rekonsiliasi atas perubahan aset neto selama The reconciliation of the movements of the net
tahun yang berakhir 31 Desember 2020 dan assets during the years ended 31 December 2020
2019 yang diakui di laporan posisi keuangan dana and 2019 recognized in the pension fund’s
pensiun adalah sebagai berikut: statement of financial position is as follows:
2020 2019
Kewajiban neto pada awal periode 135,624 - Net liabilities at beginning of period
Beban tahun berjalan 294,695 169,526 Current year expenses
Kontribusi pemberi kerja (96,807) (82,065) Employer’s contributions
Jumlah yang diakui pada penghasilan Total amount recognized in other
komprehensif lain 2,271,727 48,163 comprehensive income
Kewajiban neto pada akhir

periode 2,605,239 135,624 Net liabilities at end of period
225
2020 Annual Report
Mutasi nilai wajar aset program untuk tahun yang The movements in the fair value of plan assets for
berakhir adalah sebagai berikut: the years ended are as follows:
2020 2019
Pada awal periode 6,708,370 6,771,120 At beginning of the period
Hasil dari aset program 471,767 520,691 Return on plan assets
Keuntungan aktuarial (349,339) (52,049) Actuarial gains
Kontribusi pemberi kerja 96,807 82,065 Employer’s contributions
Kontribusi pekerja 22,650 20,574 Employees’ contributions
Imbalan yang dibayar dan Benefits paid and administrative
beban administrasi (573,072) (634,031) expenses paid
Pada akhir periode 6,377,183 6,708,370 At end of the period
Biaya imbalan pensiun yang dibebankan pada Pension expenses recognized in profit or loss, are
laporan laba rugi adalah sebagai berikut: as follows:
2020 2019
Biaya jasa lalu 132,876 - Past service cost
Bunga bersih 15,209 21,586 Net interest
Biaya yang dibebankan Expense recognized in
pada laporan laba rugi 294,695 169,526 profit or loss
Biaya yang dilaporkan pada Expense recognized in

Laporan Laba rugi 294,695 169,526 profit or loss
Pengukuran kembali yang diakui Remeasurement effect recognized
pada penghasilan komprehensif lain 2,271,727 48,163 in other comprehensive income
Biaya imbalan pasti 2,566,422 217,689 Defined benefit cost
Asumsi-asumsi utama yang digunakan dalam The key assumptions used in the above calculation
perhitungan di atas adalah: are:
2020 2019
Asumsi ekonomi: Economic assumptions:

Tingkat diskonto per tahun sebelum Annual discount rate
usia pensiun normal 6.25% 7.50% before normal retirement age
Tingkat diskonto per tahun setelah Annual salary growth rate
usia pensiun normal: after normal retirement age:
Pembayaran bulanan 6.25% 7.50% Monthly payment
20% sekaligus 9.50% 10.00% 20% lumpsum
Tingkat kenaikan gaji 7.00% 7.00% Rate of salary increases
Pendapatan dari dana pensiun Interest credited to defined
iuran pasti 6.25% 6.50% contribution fund
226
2020 Annual Report
2020 2019
Asumsi ekonomi: (lanjutan) Economic assumptions: (continued)

Tingkat kenaikan manfaat pensiun 3% per tahun 3% per tahun Pension increase rate
berkala dan 4% per berkala dan 4% per
tahun untuk tahun untuk
tahun 2020/3% tahun 2017-2019/3%
annual periodically annual periodically
and 4% annually from and 4% annually for
year 2020 year 2017-2019
Manfaat lain 2,500,000 2,500,000 Other benefits
Tunjangan Peningkatan Tunjangan Peningkatan
Kesejahteraan sebesar Kesejahteraan sebesar
manfaat bulanan manfaat bulanan
yang dibayarkan yang dibayarkan
pada bulan Juni dan pada bulan Juni dan
Desember untuk Desember untuk
tahun 2020/ tahun 2017-2019/
Welfare Allowance Welfare Allowance
for monthly pension for monthly pension
amounted to monthly amounted to monthly
pension benefit pension benefit
that will be paid that will be paid
in June and in June and
December for the December for the
year 2020 year 2017-2019
Asumsi lainnya: Other assumptions:
Usia pensiun normal 55 tahun/years 55 tahun/years Normal retirement age
Tingkat kematian Modifikasi Modifikasi Mortality rate
Tabel Mortalita/ Tabel Mortalita/
Adjusted Mortality Adjusted Mortality
Table Table
Indonesia Indonesia
2019 (TMI2019) 2011 (TMI2011)
Tingkat cacat 10% dari tingkat/ 10% dari tingkat/ Disability rate
kematian/10% kematian/10%
from mortality rate from mortality rate
Tingkat pengunduran diri Turnover rate
Umur 20-29 4.2% 4.2% Age 20-29
Umur 30-34 2.8% 2.8% Age 30-34
Umur 35-39 3.0% 3.0% Age 35-39
Umur 40-50 1.7% 1.7% Age 40-50
Umur 51-52 1.3% 1.3% Age 51-52
Umur >52 0% 0% Age >52
Sensitivitas dari kewajiban manfaat pasti terhadap The sensitivity of defined benefit obligation to
perubahan asumsi aktuaria adalah sebagai berikut: changes in the weighted assumptions is as follows:
Dampak terhadap kewajiban manfaat pasti/
Impact on defined benefit obligation
Nilai kini kewajiban
manfaat pasti/
Perubahan Asumsi/ Present value of
2020 Change in Assumption benefit obligation 2020
Kenaikan/increase 1% (929,210)
Tingkat diskonto Penurunan/decrease 1% 1,127,614 Discount rate
Kenaikan/increase 1% 195,926
Tingkat kenaikan gaji Penurunan/decrease 1% (182,172) Salary increase rate
227
2020 Annual Report
Dampak terhadap kewajiban manfaat pasti/

Impact on defined benefit obligation
manfaat pasti/
Perubahan Asumsi/ Present value of
2019 Change in Assumption benefit obligation 2019
Kenaikan/increase 1% (615,120)
Tingkat diskonto Penurunan/decrease 1% 731,262 Discount rate
Kenaikan/increase 1% 143,909
Tingkat kenaikan gaji Penurunan/decrease 1% (133,380) Salary increase rate
Analisis sensitivitas didasarkan pada perubahan The sensitivity analysis are based on a change in
atas satu asumsi aktuarial dimana asumsi lainnya an assumption while holding all other assumptions
dianggap konstan. Dalam perhitungan sensitivitas constant. When calculating the sensitivity of the
kewajiban imbalan pasti atas asumsi aktuarial defined benefit obligation to significant actuarial
utama, metode yang sama (perhitungan nilai kini assumptions the same method (present value of
kewajiban imbalan pasti dengan menggunakan the defined benefit obligation calculated with the
metode projected unit credit di akhir periode) telah projected unit credit method at the end of the
diterapkan seperti dalam penghitungan kewajiban reporting period) has been applied as when
pensiun yang diakui dalam laporan posisi calculating the pension liability recognized within
keuangan. the consolidated statement of financial position.
Pada tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, plan assets
2019, aset program terdiri dari saham keuangan, comprise the following: financial stocks, mutual
reksadana, penempatan langsung, obligasi, surat funds, direct placement, bonds, government bonds,
berharga pemerintah, properti, deposito on call dan property, deposit on call and deposit.
deposito.
Investasi telah terdiversifikasi dengan baik, Investments are well-diversified, such that the
sehingga kinerja buruk satu investasi tidak akan failure of any single investment would not have a
memberikan dampak material bagi seluruh material impact to the overall group of assets. The
kelompok aset. Proporsi terbesar aset investasi largest proportion of assets are invested in debt
ditempatkan pada instrumen utang. Diyakini bahwa instruments. Debt instruments are expected to
instrumen utang memberikan imbal hasil yang contribute best yields in the long term at an
paling baik dalam jangka panjang pada tingkatan acceptable risk level. For defined benefit program,
risiko yang dapat diterima. Untuk program manfaat most of the debt instruments are Government of
pasti sebagian besar instrumen surat utang Indonesia bonds and corporate bonds.
merupakan portofolio obligasi Pemerintah Republik
Indonesia dan obligasi korporasi di Indonesia.
Hasil yang diharapkan dari aset program The expected return on plan assets is determined
ditentukan dengan mempertimbangkan imbal hasil by considering the expected returns available on
yang diharapkan atas aset yang mengacu pada the assets in accordance with the current
kebijakan investasi. Hasil investasi bunga tetap investment policy. Expected yields on fixed interest
didasarkan pada hasil pengembalian bruto pada investments are based on gross redemption yields
tanggal pelaporan. Hasil yang diharapkan dari as of the reporting date. Expected returns on equity
investasi ekuitas dan properti mencerminkan and property investments reflect long-term real
tingkat imbal hasil jangka panjang aktual yang rates of return experienced in the respective
terjadi untuk tiap-tiap pasar. markets.
228
2020 Annual Report
Bank tereskpos beberapa risiko atas program The Bank is exposed to a number of risks through
imbalan kerja antara lain: its employee benefit plans as follows:
Risiko yang terekspos pada program manfaat pasti The exposed risks in defined benefit pension plan
adalah adanya tingkat hasil investasi dibawah is the lower return on investment compared to
asumsi discount rate dan kenaikan gaji aktual yang assumption on discount rate and the increase in the
lebih besar dari asumsi. Hal tersebut menimbulkan actual salary is higher than its assumption. These
peningkatan iuran yang dibayarkan kepada Dana will cause an increase in benefit paid to Pension
Pensiun. Fund.
Untuk memastikan bahwa posisi investasi yang To ensure that the result of investments is
telah diatur dalam kerangka Asset Liability consistent with the Asset Liability Management
Matching (ALMA), Bank melakukan pemantauan (ALMA) framework, the Bank performs monitoring
terhadap investasi atas program pensiun (baik over the investment for the pension program (for
iuran pasti maupun manfaat pasti) dan memastikan both defined benefit and contribution plans) and
tingkat investasi dimaksud mencapai tingkat performs action to ensure the return of investments
diskonto yang digunakan. Selain itu, dilakukan will meet the applicable discount rate. Apart from
implementasi kebijakan penyesuaian gaji sesuai that, implementation of salary adjustment policy
dengan asumsi yang telah digunakan dalam has been performed in accordance to the
perhitungan aktuaria untuk mengurangi selisih hasil assumptions used by actuarial calculation to reduce
perhitungan atas proyeksi imbalan kerja pasca the gap on the calculation of projected post-
kerja dengan realisasinya. employment benefits with its realization.
Rata-rata durasi kewajiban manfaat pasti adalah The average duration of the defined benefit
11,21 tahun. obligation is 11.21 years.
Analisis jatuh tempo yang diharapkan dari manfaat Expected maturity analysis of undiscounted
pensiun yang tidak terdiskonto untuk Entitas Induk pension benefit for Parent Only is as follows:
Kurang dari 2 sampai 5

1 tahun/ tahun/ Lebih dari 5
Less than a Between 2 to tahun/ Jumlah/
year 5 years Over 5 years Total
2020 2020
Pensiun 520,028 2,574,423 28,135,674 31,230,125 Pension
Cuti besar 151,911 401,118 1,599,171 2,152,200 Long leave
Penghargaan masa kerja 78,899 170,827 1,325,606 1,575,332 Gratuity
Total 750,838 3,146,368 31,060,451 34,957,657 Total
Kurang dari 2 sampai 5

1 tahun/ tahun/ Lebih dari 5
Less than a Between 2 to tahun/ Jumlah/
year 5 years Over 5 years Total
2019 2019
Pensiun 491,223 2,338,728 23,660,889 26,490,840 Pension
Cuti besar 124,961 389,263 1,435,583 1,949,807 Long leave
Penghargaan masa kerja 72,907 166,574 1,173,981 1,413,462 Gratuity
Total 689,091 2,894,565 26,270,453 29,854,109 Total
229
2020 Annual Report
Program pensiun iuran pasti Defined contribution pension plan
Bank juga memiliki program pensiun iuran pasti, The Bank also has a defined contribution pension
untuk karyawannya yang dikelola oleh Dana plan for its employees which is managed by Dana
Pensiun Lembaga Keuangan PT Bank Negara Pensiun Lembaga Keuangan PT Bank Negara
Indonesia (Persero) Tbk, dimana kontribusi iuran Indonesia (Persero) Tbk, whereby the contribution
bank adalah sebesar 1,5% sampai dengan 6,5% of the Bank is 1.5% to 6.5% of the employees’
dari gaji karyawan sesuai jabatan karyawan, salaries according to the position of each
sedangkan kontribusi iuran karyawan adalah employee, while the contribution of employees is
sebesar 0,5% dari upah yang ditetapkan oleh Bank 0.5% of the employees’ salaries, determined by the
untuk karyawan tetap yang dipekerjakan sebelum Bank for employees hired before 1 September
tanggal 1 September 2005. Untuk karyawan tetap 2005. For employees hired after 1 September
yang dipekerjakan mulai tanggal 1 September 2005, the Bank and its employees contribute
2005, kontribusi Bank dan karyawan adalah 11.5% and 3.5%, respectively, of the employees’
masing-masing sebesar iuran 11,5% dan 3,5% dari salaries.
gaji karyawan.
Karyawan tetap yang bergabung dengan Bank Permanent employees who joined the Bank prior to
sebelum bulan September 2005, memiliki hak atas September 2005 are entitled to defined benefits
program pensiun manfaat pasti ditambah dengan pension plan plus defined contribution pension
program pensiun iuran pasti, atau imbalan kerja plan, or the benefits provided for under the Labor
yang disediakan sesuai dengan Undang-undang Law No. 13/2003, whichever is higher.
Tenaga Kerja No. 13/2003, mana yang lebih tinggi.
Beban pensiun iuran pasti yang telah dibebankan Defined contribution pension expense that was
pada laporan laba rugi adalah sebesar Rp175.100 charged to profit or loss amounted to Rp175,100
dan Rp173.607 masing-masing untuk tahun yang and Rp173,607 for the years ended
berakhir pada tanggal 31 Desember 2020 dan 31 December 2020 and 2019, respectively.
2019.
Imbalan pasca kerja lainnya dan imbalan kerja Post employment benefits and other long-term
jangka panjang lainnya employee benefits
Liabilitas atas imbalan pasca kerja lainnya meliputi The liability for post employment benefits consisted
uang jasa, uang pisah dan pesangon sesuai of service payments, severance and termination
dengan Undang-undang Tenaga Kerja No. 13/2003 benefits based on Labor Law No. 13/2003 and
dan kompensasi lainnya. other compensations.
Imbalan jangka panjang lainnya seperti cuti Other long-term employee benefits such as long
berimbalan jangka panjang, imbalan cacat service leave, permanent disability benefit and
permanen dan penghargaan jubilee dihitung jubilee awards are calculated using the projected
dengan menggunakan metode projected unit credit unit credit method and discounted to present value.
dan didiskontokan ke nilai kini.
230
2020 Annual Report
jangka panjang lainnya (lanjutan) employee benefits (continued)
Penilaian aktuarial atas imbalan kerja jangka The actuarial valuation of other long-term
panjang lainnya untuk tahun yang berakhir tanggal employee benefits for the years ended
31 Desember 2020 dan 2019 dilakukan oleh 31 December 2020 and 2019 were prepared by a
perusahaan konsultan aktuaria terdaftar PT Towers registered actuarial consulting firm, PT Towers
Watson Purbajaga, dengan menggunakan metode Watson Purbajaga, using the “Projected Unit
“Projected Unit Credit” sebagaimana yang Credit” method as stated in its reports dated
tercantum dalam laporan masing-masing pada 4 January 2021 and 7 January 2020.
tanggal 4 Januari 2021 dan
7 Januari 2020.
Perubahan liabilitas imbalan kerja yang diakui Bank The movements of the employee benefits liability
pada laporan posisi keuangan konsolidasian recognized by the Bank in the consolidated
adalah sebagai berikut: statement of financial position are as follows:
2020 2019
Liabilitas neto pada awal periode 2,174,230 1,696,959 Net liability at the beginning of the period
Expense recognized during
Biaya selama tahun berjalan 512,307 344,818 the current year
Jumlah yang diakui pada penghasilan Total amount recognized in other
komprehensif lain 122,667 262,008 comprehensive income
Pembayaran imbalan (205,401) (129,555) Actual benefit payments
Liabilitas yang diakui oleh Bank 2,603,803 2,174,230 Liability recognized by the Bank
Biaya imbalan kerja yang dibebankan Bank pada Employee benefits expense recognized by Bank in
laporan laba rugi: profit or loss:
2020 2019

Biaya jasa lalu (20,885) - Past service cost
Biaya bunga 129,309 135,429 Interest cost
Kerugian aktuaria periode Net actuarial losses
berjalan - neto 168,823 20,134 recognized in current period
Biaya yang dibebankan pada Expense recognized in
laporan laba rugi 512,307 344,818 profit or loss
Biaya yang dibebankan pada Expense reconized in

laporan laba rugi 512,307 344,818 profit or loss
Pengukuran kembali yang diakui pada Remeasurement effect recognized

penghasilan komprehensif lainnya 122,667 262,008 in other comprehensive income
Biaya imbalan pasti 634,974 606,826 Defined benefit cost
231
2020 Annual Report
Asumsi-asumsi utama yang digunakan dalam The key assumptions used in the above calculation
perhitungan di atas adalah: are:
2020 2019
Asumsi ekonomi: Economic assumptions:

Tingkat diskonto per tahun: Annual discount rate:
Kewajiban imbalan pasti 6.25% 7.50% Defined benefit obligation
Tingkat kenaikan gaji 7.00% 7.00% Rate of salary increases
Pendapatan dari dana pensiun Interest credited to defined

iuran pasti 6.25% 6.50% contribution fund
Asumsi lainnya: Other assumptions:

Usia pensiun normal 55 tahun/years 55 tahun/years Normal retirement age
Tingkat kematian Tabel Mortalita Tabel Mortalita Mortality rate

yang disesuaikan/ yang disesuaikan/
Adjusted Mortality Adjusted Mortality
Table Table
Indonesia Indonesia
2019 (TMI2019) 2011 (TMI2011)
Tingkat cacat 10% dari tingkat/ 10% dari tingkat/ Disability rate
kematian/10% kematian/10%
from mortality rate from mortality rate
Tingkat pengunduran diri Turnover rate

Umur 20-29 4.2% 4.2% Age 20-29
Umur 30-34 2.8% 2.8% Age 30-34
Umur 35-39 3.0% 3.0% Age 35-39
Umur 40-50 1.7% 1.7% Age 40-50
Umur 51-52 1.3% 1.3% Age 51-52
Umur >52 0% 0% Age >52
Sensitivitas dari kewajiban imbalan pasti terhadap The sensitivity of defined benefit obligation to
perubahan asumsi aktuaria adalah sebagai berikut: changes in the actuarial assumptions is as follows:
Dampak program pensiun manfaat pasti dan
imbalan kerja jangka panjang lainnya/
Impact on defined benefit pension plan and
other long-term employee benefits

imbalan kerja/
Perubahan Asumsi/ Present value of Biaya jasa kini/
2020 Change in Assumption benefit obligation Current service cost 2020
Kenaikan/increase 1% (196,866) 3,945

Tingkat diskonto Penurunan/decrease 1% 198,287 27,458 Discount rate
Kenaikan/increase 1% 274,732 32,320

Tingkat kenaikan gaji Penurunan/decrease 1% (247,692) 795 Salary increase rate
232
2020 Annual Report
Dampak program pensiun manfaat pasti dan
imbalan kerja jangka panjang lainnya/
Impact on defined benefit pension plan and
other long-term employee benefits

imbalan kerja/
Perubahan Asumsi/ Present value of Biaya jasa kini/
2019 Change in Assumption benefit obligation Current service cost 2019
Kenaikan/increase 1% (135,905) 1,449

Tingkat diskonto Penurunan/decrease 1% 153,480 17,796 Discount rate
Kenaikan/increase 1% 209,327 20,905

Tingkat kenaikan gaji Penurunan/decrease 1% (173,853) (705) Salary increase rate
Analisis sensitivitas didasarkan pada perubahan The sensitivity analysis are based on a change in
atas satu asumsi aktuarial dimana asumsi lainnya an assumption while holding all other assumptions
dianggap konstan. Dalam perhitungan sensitivitas constant. When calculating the sensitivity of the
kewajiban imbalan pasti atas asumsi aktuarial defined benefit obligation to significant actuarial
utama, metode yang sama (perhitungan nilai kini assumptions, the same method (present value of
kewajiban imbalan pasti dengan menggunakan the defined benefit obligation calculated with the
metode projected unit credit di akhir periode) telah projected unit credit method at the end of the
diterapkan seperti dalam penghitungan kewajiban reporting period) has been applied as when
pensiun yang diakui dalam laporan posisi calculating the pension liability recognized within
keuangan. the consolidated statement of financial position.
44. LABA PER SAHAM DASAR DAN DILUSIAN 44. BASIC AND DILUTED EARNINGS PER SHARE
DIATRIBUSIKAN KEPADA PEMILIK ENTITAS ATTRIBUTABLE TO EQUITY HOLDERS OF THE
INDUK PARENT ENTITY
Laba tahun berjalan per saham dasar dihitung Basic earnings per share is computed by dividing
dengan membagi laba tahun berjalan diatribusikan income for the year attributable to owners of the
kepada pemilik entitas induk dengan rata-rata parent entity by the weighted average number of
tertimbang jumlah lembar saham biasa yang shares of outstanding common shares during the
beredar pada tahun bersangkutan. related year.

2020 2019
Laba tahun berjalan yang dapat

diatribusikan kepada Income for the year attributable
pemilik entitas induk 3,280,403 15,384,476 to owners of the parent entity
Rata-rata tertimbang jumlah lembar Weighted average number

saham biasa yang beredar 18,632,340,041 18,648,656,458 of ordinary shares outstanding
Laba per saham dasar Basic earnings per

diatribusikan kepada share attributable to equity holders
pemilik entitas induk of the parent entity
(dalam Rupiah penuh) 176 825 (in full Rupiah amount)
233
2020 Annual Report
45. KOMITMEN DAN KONTINJENSI 45. COMMITMENTS AND CONTINGENCIES
2020 2019
Tagihan komitmen Commitment receivables
Pembelian berjangka mata uang asing Unsettled purchased of foreign
yang belum diselesaikan 54,457,465 39,865,544 currency futures
Total 54,753,935 40,043,077 Total
Liabilitas komitmen Commitment payables

Fasilitas kredit kepada debitur
yang belum digunakan 47,273,485 58,305,017 Unused loan facilities
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan 10,113,295 9,170,365 letters of credit
Penjualan berjangka mata uang asing Sales of foreign currency
yang belum diselesaikan 53,145,899 39,660,733 futures unresolved
Total 110,532,679 107,136,115 Total
Tagihan kontinjensi Contingent receivables

Garansi bank yang diterima 18,202,239 18,395,832 Bank guarantees received
Pendapatan bunga dalam Interest receivable on non
penyelesaian 7,173,509 5,004,119 performing assets
Total 25,675,779 23,628,834 Total
Liabilitas kontinjensi Contingent payables

Garansi yang diterbitkan dalam bentuk: Guarantees issued in the form of:
Performance bonds 28,254,793 27,941,317 Performance bonds
Advance payment bonds 8,895,987 9,734,932 Advance payment bonds
Standby letters of credit 8,839,588 7,383,661 Standby letters of credit
Garansi bank lainnya 10,245,610 10,043,167 Other bank guarantees
Bid bonds 1,280,030 2,752,461 Bid bonds
Shipping guarantee 5,784 3,716 Shipping guarantee
Total 57,521,791 57,859,254 Total
Transaksi komitmen dan kontinjensi yang terjadi Commitments and contingent transactions in the
dalam kegiatan normal Bank yang mempunyai normal course of the Bank’s activities that have
risiko kredit adalah sebagai berikut: credit risk are as follows:
2020 2019
Garansi bank yang diterbitkan Bank guarantees issued

Pihak yang berelasi (Catatan 46v) 17,983,136 22,086,854 Related parties (Note 46v)
Irrevocable letters of credit Irrevocable letters of credit
Pihak yang berelasi (Catatan 46w) 5,395,504 5,332,853 Related parties (Note 46w)
67,635,086 67,029,619
234
2020 Annual Report
45. KOMITMEN DAN KONTINJENSI (lanjutan) 45. COMMITMENTS AND CONTINGENCIES

(continued)
Transaksi komitmen dan kontinjensi yang Commitments and contingent transactions that
mempunyai risiko kredit berdasarkan kolektibilitas have credit risk by collectibility are as follows:
2020 2019
Lancar 66,006,030 65,418,092 Current
Dalam perhatian khusus 1,610,721 1,578,464 Special mention
Kurang lancar 1,786 10,072 Substandard
Diragukan 2,396 1,221 Doubtful
Macet 14,153 21,770 Loss
Total 67,635,086 67,029,619 Total
46. TRANSAKSI DENGAN PIHAK BERELASI 46. RELATED PARTY TRANSACTIONS
Dalam kegiatan normal usaha, Bank melakukan In the normal course of business, the Bank enters
transaksi dengan pihak berelasi karena hubungan into certain transactions with parties which are
kepemilikan dan/atau kepengurusan. Semua related to the management and/or owned by the
transaksi dengan pihak-pihak berelasi telah same ultimate shareholder. All transactions with
dilakukan dengan kebijakan dan syarat yang telah related parties have met the agreed terms and
disepakati bersama. conditions.
a. Jenis hubungan a. Type of relationships
Hubungan pihak berelasi sebagai Related party relationship as the

pemegang saham utama controlling shareholder
Pemerintah Republik Indonesia melalui Kementerian The Government of Republic of Indonesia through
Keuangan the Ministry of Finance
Pengendalian melalui Pemerintah Republik Control through The Government of The

Indonesia Republic of Indonesia
Adhi Karya dan Entitas Anak Adhi Karya and subsidiaries
Amarta Karya Amarta Karya
Aneka Tambang dan Entitas Anak Aneka Tambang and subsidiaries
Angkasa Pura I dan Entitas Anak Angkasa Pura I and subsidiaries
Angkasa Pura II dan Entitas Anak Angkasa Pura II and subsidiaries
ASABRI ASABRI
ASDP Ferry Indonesia ASDP Ferry Indonesia
Asuransi Ekspor Indonesia Asuransi Ekspor Indonesia
Asuransi Jasa Indonesia Asuransi Jasa Indonesia
Asuransi Jasa Raharja dan Entitas Anak Asuransi Jasa Raharja and subsidiaries
Asuransi Jiwasraya Asuransi Jiwasraya
Asuransi Kredit Indonesia dan Entitas Anak Asuransi Kredit Indonesia and subsidiaries
Bahana Pembinaan Usaha Indonesia dan Entitas Bahana Pembinaan Usaha Indonesia and
Anak subsidiaries
Balai Pustaka Balai Pustaka
Bank Mandiri dan Entitas Anak Bank Mandiri and subsidiaries
Bank Rakyat Indonesia dan Entitas Anak Bank Rakyat Indonesia and subsidiaries
Bank Tabungan Negara Bank Tabungan Negara
Barata Indonesia Barata Indonesia
235
2020 Annual Report
46. TRANSAKSI DENGAN PIHAK BERELASI 46. RELATED PARTY TRANSACTIONS (continued)
(lanjutan)
a. Jenis hubungan (lanjutan) a. Type of relationships (continued)

Berdikari dan Entitas Anak Berdikari and subsidiaries

Bhanda Ghara Reksa dan Entitas Anak Bhanda Ghara Reksa and subsidiaries
Bina Karya Bina Karya
Biofarma Biofarma
Biro Klasifikasi Indonesia Biro Klasifikasi Indonesia
Boma Bisma Indra Boma Bisma Indra
BPJS Kesehatan BPJS Kesehatan
BPJS Ketenagakerjaan BPJS Ketenagakerjaan
Brantas Abipraya Brantas Abipraya
Bulog dan Entitas Anak Bulog and subsidiaries
Dahana Dahana
Damri Damri
Danareksa dan Entitas Anak Danareksa and subsidiaries
Dirgantara Indonesia dan Entitas Anak Dirgantara Indonesia and subsidiaries
Djakarta Lloyd dan Entitas Anak Djakarta Lloyd and subsidiaries
Dok dan Perkapalan Kodja Bahari Dok and Perkapalan Kodja Bahari
Dok dan Perkapalan Surabaya Dok and Perkapalan Surabaya
Garam Garam
Garuda Indonesia dan Entitas Anak Garuda Indonesia and subsidiaries
Hotel Indonesia Natour Hotel Indonesia Natour
Hutama Karya dan Entitas Anak Hutama Karya and subsidiaries
Industri Gelas Industri Gelas
Indah Karya Indah Karya
Indofarma dan Entitas Anak Indofarma and subsidiaries
Indonesia Asahan Aluminium Indonesia Asahan Aluminium
Indra Karya Indra Karya
Industri Gula Glenmore Industri Gula Glenmore
Industri Kapal Indonesia Industri Kapal Indonesia
Industri Kereta Api dan Entitas Anak Industri Kereta Api and subsidiaries
Industri Sandang Nusantara Industri Sandang Nusantara
Industri Telekomunikasi Indonesia Industri Telekomunikasi Indonesia
Istaka Karya Istaka Karya
Jaminan Kredit Indonesia Jaminan Kredit Indonesia
Jasa Marga dan Entitas Anak Jasa Marga and subsidiaries
Jasa Tirta I Jasa Tirta I
Jasa Tirta II Jasa Tirta II
Kawasan Berikat Nusantara Kawasan Berikat Nusantara
Kawasan Industri Makassar Kawasan Industri Makassar
236
2020 Annual Report
(lanjutan)

Kawasan Industri Medan Kawasan Industri Medan

Kawasan Industri Wijayakusuma Kawasan Industri Wijayakusuma
Kementerian Keuangan Republik Indonesia Finance Minister of the Republic of Indonesia
Kereta Api Indonesia dan Entitas Anak Kereta Api Indonesia and subsidiaries
Kertas Kraft Aceh Kertas Kraft Aceh
Kimia Farma dan Entitas Anak Kimia Farma and subsidiaries
Kliring Berjangka Indonesia Kliring Berjangka Indonesia
Krakatau Steel dan Entitas Anak Krakatau Steel and subsidiaries
Lembaga Pembiayaan Ekspor Indonesia (LPEI) Lembaga Pembiayaan Ekspor Indonesia (LPEI)
LEN Industri dan Entitas Anak LEN Industri and subsidiaries
LKBN Antara LKBN Antara
Merpati Nusantara Airlines Merpati Nusantara Airlines
PAL Indonesia dan Entitas Anak PAL Indonesia and subsidiaries
PANN dan Entitas Anak PANN and subsidiaries
Pegadaian dan Entitas Anak Pegadaian and subsidiaries
Pelabuhan Indonesia I dan Entitas Anak Pelabuhan Indonesia I and subsidiaries
Pelabuhan Indonesia II dan Entitas Anak Pelabuhan Indonesia II and subsidiaries
Pelabuhan Indonesia III dan Entitas Anak Pelabuhan Indonesia III and subsidiaries
Pelabuhan Indonesia IV dan Entitas Anak Pelabuhan Indonesia IV and subsidiaries
Pelayaran Nasional Indonesia dan Entitas Anak Pelayaran Nasional Indonesia and subsidiaries
Pembangunan Perumahan dan Entitas Anak Pembangunan Perumahan and subsidiaries
Pengembangan Pariwisata Indonesia Pengembangan Pariwisata Indonesia
Percetakan Negara Republik Indonesia Percetakan Negara Republik Indonesia
Percetakan Uang Republik Indonesia dan Entitas Percetakan Uang Republik Indonesia and
Anak subsidiaries
Perhutani dan Entitas Anak Perhutani and subsidiaries
Perikanan Indonesia Perikanan Indonesia
Perkebunan Nusantara III dan Entitas Anak Perkebunan Nusantara III and subsidiaries
Perkebunan Nusantara IX dan Entitas Anak Perkebunan Nusantara IX and subsidiaries
Permodalan Nasional Madani dan Entitas Anak Permodalan Nasional Madani and subsidiaries
Pertamina dan Entitas Anak Pertamina and subsidiaries
Pertani Pertani
Perum Produksi Film Negara Perum Produksi Film Negara
Perumnas Perumnas
Perusahaan Gas Negara dan Entitas Anak Perusahaan Gas Negara and subsidiaries
Perusahaan Listrik Negara dan Entitas Anak Perusahaan Listrik Negara and subsidiaries
Perusahaan Pengelola Aset dan Entitas Anak Perusahaan Pengelola Aset and subsidiaries
237
2020 Annual Report
(lanjutan)

Perusahaan Perdagangan Indonesia Perusahaan Perdagangan Indonesia

Pindad dan Entitas Anak Pindad and subsidiaries
Pos Indonesia dan Entitas Anak Pos Indonesia and subsidiaries
Primissima Primissima
Pupuk Indonesia Holding Company dan Entitas Pupuk Indonesia Holding Company and
Anak subsidiaries
Rajawali Nusantara Indonesia dan Entitas Anak Rajawali Nusantara Indonesia and subsidiaries
Sang Hyang Seri Sang Hyang Seri
Sarana Karya Sarana Karya
Sarana Multigriya Finansial Sarana Multigriya Finansial
Sarinah dan Entitas Anak Sarinah and subsidiaries
Semen Baturaja Semen Baturaja
Semen Indonesia dan Entitas Anak Semen Indonesia and subsidiaries
Sucofindo dan Entitas Anak Sucofindo and subsidiaries
Surveyor Indonesia Surveyor Indonesia
Tambang Batubara Bukit Asam dan Entitas Anak Tambang Batubara Bukit Asam and subsidiaries
Taspen dan Entitas Anak Taspen and subsidiaries
Telekomunikasi Indonesia dan Entitas Anak Telekomunikasi Indonesia and subsidiaries
Timah dan Entitas Anak Timah and subsidiaries
Varuna Tirta Prakasya Varuna Tirta Prakasya
Virama Karya Virama Karya
Waskita Karya dan Entitas Anak Waskita Karya and subsidiaries
Wijaya Karya dan Entitas Anak Wijaya Karya and subsidiaries
Yodya Karya Yodya Karya
Pengendalian Kegiatan Perusahaan Control on Company’s Activities
Manajemen Kunci Key Management
Berdasarkan Kepemilikan dan/atau By Ownership and/or Management

Kepengurusan
Asuransi Tripakarta Asuransi Tripakarta

Dana Pensiun BNI Dana Pensiun BNI
DPLK BNI DPLK BNI
238
2020 Annual Report
(lanjutan)
b. Giro pada bank lain b. Current accounts with other banks

2020 2019
Bank Mandiri 469,246 598,663 Bank Mandiri
Bank Rakyat Indonesia 4,289 172 Bank Rakyat Indonesia
Bank Tabungan Negara 100 - Bank Tabungan Negara
LPEI 73 80 LPEI
Total 473,708 598,915 Total
c. Penempatan pada bank lain dan Bank c. Placements with other banks and Bank
Indonesia Indonesia
2020 2019
Bank Rakyat Indonesia 652,651 579,900 Bank Rakyat Indonesia
Bank Tabungan Negara 10,435 219,405 Bank Tabungan Negara
Total 694,833 821,757 Total
d. Efek-efek d. Marketable securities

2020 2019
Perusahaan Listrik Negara 1,015,109 716,235 Perusahaan Listrik Negara
Hutama Karya 856,159 840,684 Hutama Karya
Permodalan Nasional Madani 783,251 691,962 Permodalan Nasional Madani
Bank Tabungan Negara 767,617 822,604 Bank Tabungan Negara
Pegadaian 507,745 302,109 Pegadaian
Danareksa 319,540 165,428 Danareksa
Semen Indonesia 313,119 327,330 Semen Indonesia
Bahana Pembinaan Usaha Indonesia 293,618 259,950 Bahana Pembinaan Usaha Indonesia
Sarana Multigriya Finansial 262,772 94,656 Sarana Multigriya Finansial
Sarana Multi Infrastruktur 221,937 63,177 Sarana Multi Infrastruktur
Jasa Marga 214,123 126,639 Jasa Marga
Pelabuhan Indonesia II 139,628 294,687 Pelabuhan Indonesia II
Bio Farma 100,000 100,000 Bio Farma
LPEI 89,077 97,637 LPEI
Kimia Farma 79,788 80,433 Kimia Farma
Pertamina 72,874 69,413 Pertamina
Kereta Api Indonesia 70,634 95,760 Kereta Api Indonesia
Total 7,458,258 7,280,770 Total
e. Efek-efek yang dibeli dengan janji dijual e. Securities purchased under agreements to
kembali resell
2020 2019
Bank Rakyat Indonesia 654,090 - Bank Rakyat Indonesia
f. Obligasi Pemerintah f. Government Bonds

2020 2019
The Government of The Republic of
Pemerintah Republik Indonesia 89,355,412 81,029,020 Indonesia
239
2020 Annual Report
(lanjutan)
g. Wesel ekspor dan tagihan lainnya g. Bills and other receivables

2020 2019
Waskita Karya 3,174,581 5,473,586 Waskita Karya
Adhi Karya 2,229,358 1,924,689 Adhi Karya
Wijaya Karya 1,267,256 1,797,823 Wijaya Karya
Hutama Karya 1,228,259 868,897 Hutama Karya
Garuda Indonesia 839,094 554,563 Garuda Indonesia
Brantas Abipraya 714,783 1,207,261 Brantas Abipraya
Semen Indonesia 345,800 - Semen Indonesia
Nindya Karya 229,017 266,552 Nindya Karya
Telkom 199,922 182,064 Telkom
Total 10,653,247 12,961,279 Total
h. Tagihan akseptasi h. Acceptance receivables

2020 2019
Krakatau Steel 2,939,516 1,548,189 Krakatau Steel
Pembangunan Perumahan 556,483 260,166 Pembangunan Perumahan
Pindad 243,357 59,981 Pindad
Len Industri 175,663 146,053 Len Industri
Infrastruktur Telekomunikasi Infrastruktur Telekomunikasi
Indonesia 98,764 15,355 Indonesia
Dirgantara Indonesia 87,917 54,307 Dirgantara Indonesia
Perusahaan perdagangan Indonesia 77,728 - Perusahaan perdagangan Indonesia
Rekayasa Industri 69,704 43,309 Rekayasa Industri
Industri Kereta Api 68,408 106,565 Industri Kereta Api
Pupuk Kujang 67,564 - Pupuk Kujang
Dahana 61,191 153,679 Dahana
Garuda Indonesia 44,320 1,105,752 Garuda Indonesia
Wijaya Karya 33,085 81,216 Wijaya Karya
Barata Indonesia 21,031 16,587 Barata Indonesia
Rajawali Nusindo 19,655 15,097 Rajawali Nusindo
Boma Bisma Indra 10,400 34,579 Boma Bisma Indra
Brantas Abipraya 4,087 - Brantas Abipraya
Indofarma 945 - Indofarma
Lain-lain - 2,248,919 Others
Total 7,655,982 9,005,913 Total
i. Tagihan derivatif i. Derivative receivables

2020 2019
PLN 92,038 16,651 PLN
Antam 541 4,876 Antam
Bank Mandiri 494 25 Bank Mandiri
Bank Rakyat Indonesia 135 - Bank Rakyat Indonesia
Lain-lain 68 1,564 Others
Total 139,757 28,116 Total
240
2020 Annual Report
(lanjutan)
j. Pinjaman yang diberikan j Loans

2020 2019
Waskita Karya 14,397,234 8,943,472 Waskita Karya
Jasa Marga 10,344,185 8,660,396 Jasa Marga
Telkom 8,990,962 7,116,129 Telkom
Semen Indonesia 7,025,351 9,556,211 Semen Indonesia
Kementerian Keuangan 5,900,522 4,860,966 Kementerian Keuangan
Krakatau Steel 5,525,357 5,334,174 Krakatau Steel
PLN 5,364,194 11,601,526 PLN
Perum Bulog 4,439,872 8,394,412 Perum Bulog
Hutama Karya 4,214,433 4,654,217 Hutama Karya
Pegadaian 3,792,349 5,126,136 Pegadaian
Garuda Indonesia 3,408,366 2,627,256 Garuda Indonesia
Petrokimia Gresik 3,397,306 3,554,270 Petrokimia Gresik
Wijaya Karya 3,210,185 788,402 Wijaya Karya
Perkebunan Nusantara III 2,636,205 2,807,412 Perkebunan Nusantara III
Kereta Api Indonesia 2,554,203 1,962,689 Kereta Api Indonesia
Kimia Farma 2,551,011 1,771,639 Kimia Farma
Perkebunan Nusantara VII 1,962,525 1,972,908 Perkebunan Nusantara VII
Rajawali Nusindo 1,395,977 1,460,579 Rajawali Nusindo
Pelabuhan Indonesia I 1,328,579 1,306,516 Pelabuhan Indonesia I
Permodalan Nasional Madani 1,302,182 953,584 Permodalan Nasional Madani
Pertamina 1,225,999 1,667,536 Pertamina
Pindad 1,150,076 918,151 Pindad
Angkasa Pura II 1,033,788 685,405 Angkasa Pura II
Semen Baturaja 945,250 1,016,946 Semen Baturaja
Perkebunan Nusantara XI 920,234 931,099 Perkebunan Nusantara XI
Pupuk Iskandar Muda 870,000 - Pupuk Iskandar Muda
PAL Indonesia 806,937 821,782 PAL Indonesia
Bukit Asam 754,728 1,233,534 Bukit Asam
Brantas Abipraya 740,700 634,971 Brantas Abipraya
Boma Bisma Indra 703,831 32,421 Boma Bisma Indra
LEN Industri 533,444 632,776 LEN Industri
Infrastruktur Telekomunikasi Infrastruktur Telekomunikasi
Indonesia 487,289 583,736 Indonesia
Pelabuhan Indonesia IV 469,325 - Pelabuhan Indonesia IV
Aneka Tambang 393,400 1,024,510 Aneka Tambang
Perum Peruri 386,476 363,357 Perum Peruri
Pos Indonesia 368,497 304,860 Pos Indonesia
Perkebunan Nusantara IV 358,518 721,189 Perkebunan Nusantara IV
Lain-lain 3,953,570 4,043,510 Others
Total 112,907,440 111,947,133 Total
k. Penyertaan saham k. Equity investments

2020 2019
PT PANN Pembiayaan Maritim 282,825 262,434 PT PANN Pembiayaan Maritim
PT Fintek Karya Nusantara 412,210 200,000 PT Fintek Karya Nusantara
Total 659,035 462,434 Total
241
2020 Annual Report
(lanjutan)
l. Simpanan nasabah l. Deposits from customers
2020 2019
Entitas dikendalikan melalui Entities controlled through The
Pemerintah Republik Indonesia 110,272,737 88,969,702 Government of Republic of Indonesia
Manajemen Kunci 113,102 122,255 Key Management
110,385,839 89,091,957
m. Simpanan dari bank lain m. Deposits from other banks
2020 2019
n. Efek-efek yang diterbitkan n. Securities issued
2020 2019
Taspen - 419,900 Taspen
DPLK BNI 199,970 199,953 DPLK BNI
Dana Pensiun BNI 29,996 29,993 Dana Pensiun BNI
Penjaminan Infrastruktur Indonesia 12,997 12,996 Penjaminan Infrastruktur Indonesia
Total 1,165,026 1,268,699 Total
o. Pinjaman yang diterima o. Borrowings
2020 2019
Kementerian Keuangan 64,801 60,431 Kementerian Keuangan
LPEI 8,537 23,171 LPEI
Bank Rakyat Indonesia - 100,000 Bank Rakyat Indonesia
Total 894,376 633,850 Total
p. Efek-efek subordinasi p. Subordinated securities
2020 2019
Asuransi Tripakarta 24,994 24,991 Asuransi Tripakarta
q. Liabilitas derivatif q. Derivative payables
2020 2019
PLN - 11,892 PLN
Pertamina - 1,879 Pertamina
242
2020 Annual Report
(lanjutan)
r. Liabilitas akseptasi r. Acceptance payables

2020 2019
Bank Mandiri 453,411 - Bank Mandiri
Waskita Karya 22,536 10,728 Waskita Karya
Krakatau Steel 3,083 2,029 Krakatau Steel
Dahana 2,764 339 Dahana
Lainnya - 375,816 Others
Total 746,481 859,909 Total
s. Dana Syirkah Temporer - Giro Mudharabah s. Temporary Syirkah Funds - Mudharabah

Current Accounts
2020 2019
Pemerintah Republik Indonesia 1,056,206 371,145 Government of Republic of Indonesia
t. Dana Syirkah Temporer - Deposito t. Temporary Syirkah Funds - Mudharabah

Mudharabah Deposit Accounts
2020 2019
Manajemen kunci 18,577 15,475 Key Management
Total 2,010,466 1,962,744 Total
u. Dana Syirkah Temporer - Tabungan u. Temporary Syirkah Funds - Mudharabah

Mudharabah Saving Accounts
2020 2019
Manajemen kunci Key Management
Entitas dikendalikan melalui 13,517 15,579 Entities controlled through The
Pemerintah Republik Indonesia 433 24 Government of Republic of Indonesia
243
2020 Annual Report
(lanjutan)
v. Garansi bank yang diterbitkan v. Bank guarantees issued

2020 2019
Hutama Karya 2,536,590 3,243,883 Hutama Karya
Wijaya Karya 1,853,637 2,335,397 Wijaya Karya
Garuda Indonesia 1,615,932 1,520,300 Garuda Indonesia
Rekayasa Industri 1,597,466 1,392,804 Rekayasa Industri
Telkom 1,549,534 2,532,430 Telkom
Nindya Karya 1,202,499 1,483,488 Nindya Karya
Pertamina 937,386 1,366,005 Pertamina
Petrokimia Gresik 839,628 438,494 Petrokimia Gresik
Brantas Abipraya 831,251 910,902 Brantas Abipraya
Pembangunan Perumahan 788,967 1,210,765 Pembangunan Perumahan
Waskita Karya 434,369 706,707 Waskita Karya
PLN 136,359 154,949 PLN
Pal Indonesia 114,015 114,463 Pal Indonesia
Barata Indonesia 103,877 122,259 Barata Indonesia
Rajawali Nusindo 101,084 97,942 Rajawali Nusindo
Len Industri 83,301 195,669 Len Industri
Sucofindo 51,264 65,017 Sucofindo
Virama Karya 38,058 41,013 Virama Karya
Pelabuhan Indonesia II 38,014 - Pelabuhan Indonesia II
Asuransi Jasa Indonesia 37,786 - Asuransi Jasa Indonesia
Biro Klasifikasi Indonesia 35,318 - Biro Klasifikasi Indonesia
Angkasa Pura II 32,156 - Angkasa Pura II
Lain-Lain 171,044 712,808 Others
Total 17,983,136 22,086,854 Total
w. Letters of Credit w. Letters of Credit

2020 2019
PLN 1,136,946 860,934 PLN
Kereta Api Indonesia 1,071,641 914,819 Kereta Api Indonesia
Petrokimia Gresik 392,297 - Petrokimia Gresik
Pembangunan Perumahan 387,582 323,375 Pembangunan Perumahan
Pupuk Kujang 182,525 121,782 Pupuk Kujang
Wijaya Karya 182,031 - Wijaya Karya
Telkom 174,210 - Telkom
Djakarta Lloyd 139,915 - Djakarta Lloyd
Rekayasa Industri 93,739 58,921 Rekayasa Industri
Krakatau Steel 83,139 973,270 Krakatau Steel
Adhi Karya 31,426 - Adhi Karya
Perkebunan Nusantara V 24,964 - Perkebunan Nusantara V
Pupuk Indonesia 16,087 - Pupuk Indonesia
Garuda Indonesia 14,050 - Garuda Indonesia
Perum Peruri 8,161 55,418 Perum Peruri
Len Industri 6,800 - Len Industri
Barata Indonesia 6,542 - Barata Indonesia
Lain-Lain 27,756 708,641 Others
Total 5,395,504 5,332,853 Total
244
2020 Annual Report
(lanjutan)
x. Gaji dan tunjangan x. Salaries and benefits
2020
Imbalan kerja Pesangon
Imbalan kerja jangka panjang pemutusan
jangka pendek/ lainnya/ kontrak kerja/
short-term other long- termination
benefit term benefit benefit Total
SEVP, EVP dan SEVP, EVP and
SVP 103,155 25,893 - 129,048 SVP
176,277 225,893 10,974 413,144
2019
Imbalan kerja Pesangon

Imbalan kerja jangka panjang pemutusan
jangka pendek/ lainnya/ kontrak kerja/
short-term other long- termination
benefit term benefit benefit Total
SEVP, EVP dan SEVP, EVP and
SVP 120.900 - - 120,900 SVP
185.619 250.937 9,619 446,175
Rincian saldo transaksi dengan pihak-pihak The details of balances of transactions with related
berelasi pada tanggal 31 Desember 2020 dan parties as of 31 December 2020 and 2019are as
2019 adalah sebagai berikut: follows:
2020 2019
Aset Assets
Giro pada bank lain 473,708 598,915 Current accounts with other bank
Penempatan pada bank lain 694,833 821,757 Placements with other banks
Efek-efek 7,458,258 7,280,770 Marketable securities
dengan janji dijual kembali 654.090 - under agreements to resell
Obligasi Pemerintah 89,355,412 81,029,020 Government bonds
Tagihan akseptasi 7,655,982 9,005,913 Acceptance receivables
Tagihan derivatif 139,757 28,116 Derivative receivables
Penyertaan saham 695,035 462,434 Equity investments
Jumlah aset kepada pihak-pihak
berelasi 230,687,762 224,135,337 Total assets with related parties
Jumlah aset konsolidasian 891,337,425 845,605,208 Total consolidated assets
Persentase jumlah aset kepada Percentage of total assets with

pihak-pihak berelasi terhadap related parties to total
jumlah aset konsolidasian 25.9% 26.5% consolidated assets
245
2020 Annual Report
(lanjutan)
Liabilitas Liabilities
Simpanan nasabah 110,385,839 89,091,957 Deposits from customers
Simpanan dari bank lain 1,083,744 2,478,538 Deposit from other banks
Efek-efek yang diterbitkan 1,165,026 1,268,699 Securities issued
Efek-efek subordinasi 24,994 24,991 Subordinated securities
Pinjaman yang diterima 894,376 633,850 Borrowings
Liabilitas derivatif 55,108 29,931 Derivative payables
Liabilitas akseptasi 746,481 859,909 Acceptance payables
Jumlah liabilitas kepada

pihak-pihak berelasi 114,383,878 94,387,875 Total liabilities with related parties
Jumlah liabilitas konsolidasian 746,235,663 688,489,442 Total consolidated liabilities
Persentase jumlah liabilitas kepada Percentage of total liabilities with

pihak-pihak berelasi terhadap related parties to total
jumlah aset konsolidasian 15.3% 13.7% consolidated liabilities
Dana Syirkah Temporer Temporary Syirkah Funds

Simpanan Mudharabah 3,080,622 2,349,492 Mudharabah Saving
Jumlah Dana Syirkah Temporer Total Temporary Syirkah Funds

Pihak-pihak berelasi 3,080,622 2,349,492 with related parties
Jumlah Dana Syirkah Temporer 32,229,563 32,111,818 Total Temporary Syirkah Funds
Persentase jumlah Dana Syirkah Percentage of total temporary

Temporer kepada pihak-pihak syirkah funds with related
Berelasi terhadap jumlah Dana parties to total consolidated
Syirkah Temporer konsolidasian 9.6% 7.3% Temporary syirkah funds
47. INFORMASI SEGMEN 47. SEGMENT INFORMATION
Segmen operasi Grup dibagi berdasarkan The Group’s operating segments represent the key
kelompok nasabah utama dan produk, sebagai customers and product groups, as follows:
berikut: Korporasi, Menengah dan Kecil, Corporate, Middle and Small, Consumer, Treasury
Konsumer, Tresuri dan Institusi Keuangan, Kantor and Financial Institution, Head Office and
Pusat dan Entitas Anak. Dalam menentukan hasil Subsidiaries. In determining the segment results,
segmen, beberapa akun aset dan liabilitas dan certain assets and liabilities items and related
pendapatan dan biaya yang terkait diatribusikan ke revenues and expenses are attributed to each
masing-masing segmen berdasarkan kebijakan segment based on internal management reporting
pelaporan internal manajemen. Transaksi antar policies. Transactions between business segments
segmen usaha diperlakukan seperti transaksi pihak are recorded within the segment as if they are third
ketiga yang dicatat ke dalam masing-masing party transactions and are eliminated at the Bank
segmen dan dieliminasi di tingkat Bank. level.
246
2020 Annual Report
47. INFORMASI SEGMEN (lanjutan) 47. SEGMENT INFORMATION (continued)
Ringkasan berikut menjelaskan operasi masing- The following summary describes the operations in
masing segmen dalam pelaporan segmen Bank: each of the Bank's reportable segments:
- Korporasi: termasuk kredit yang diberikan, - Corporate: includes loans, deposits and other
simpanan nasabah dan transaksi-transaksi transactions and balances with corporate
lainnya atas nasabah korporasi termasuk BUMN. customers including state-owned enterprise.
- Menengah dan Kecil: termasuk kredit yang - Middle and Small: includes loans, deposits and
diberikan, simpanan nasabah dan transaksi- other transactions and balances with small to
transaksi lainnya atas nasabah dengan skala middle size customers.
kecil hingga menengah.
- Konsumer: termasuk kredit pembiayaan - Consumer: includes consumer loan such as
konsumsi antara lain kredit kepemilikan rumah, housing loans, credit cards and other
kartu kredit dan transaksi-transaksi lain atas transactions with consumer loans.
nasabah konsumer.
- Tresuri dan Institusi Keuangan: terkait dengan - Treasury and Financial Institution: treasury
kegiatan tresuri Bank termasuk transaksi valuta activities including foreign exchange, money
asing, money market, capital market dan fixed market, capital market and fixed income, also
income, termasuk antara lain bisnis perbankan including international banking and overseas
internasional dan cabang luar negeri. branch.
- Kantor Pusat: merupakan penyediaan jasa - Head Office: represent centralized services for
secara sentralisasi kepada segmen lainnya. other segments.
- Entitas Anak: seluruh transaksi yang dilakukan - Subsidiaries: all transactions from Subsidiaries
oleh Entitas Anak yang bergerak di bidang in sharia banking, insurance, consumer financing
perbankan syariah, asuransi, pembiayaan and securities.
konsumen dan sekuritas.
Kinerja diukur berdasarkan laba segmen sebelum Performance is measured based on segment profit
pajak penghasilan, sebagaimana dilaporkan dalam before income tax, as included in the internal
laporan internal manajemen yang direview oleh management reports that are reviewed by the
Manajemen Bank. Keuntungan segmen digunakan Bank's Management. Segment profit is used to
untuk mengukur kinerja dimana manajemen measure performance of that business segment
berkeyakinan bahwa informasi tersebut paling as management believes that such information is
relevan dalam mengevaluasi hasil segmen tersebut the most relevant in evaluating the results of those
relatif terhadap entitas lain yang beroperasi dalam segments relative to other entities that operate
industri tersebut. within these industries.
Informasi yang berkaitan dengan segmen usaha Information concerning the operating segments of
yang utama dari Grup disajikan dalam tabel di the Group are set out in the tables below:
bawah ini:
247
2020 Annual Report
2020
Tresuri dan
Insitusi Penyesuaian
Keuangan/ dan
Konsumer Treasury eliminasi/
dan Ritel/ and Kantor Entitas Adjustment
Korporasi/ Menengah/ Kecil/ Consumer Financial Pusat/ Anak/ and Konsolidasi/
Corporate Middle Small and Retail Institution Head Office Subsidiaries elimination**) Consolidation
Pendapatan bunga
dan pendapatan Interest income and
syariah - neto *) 14,113,782 2,521,102 4,757,756 11,558,741 2,928,779 - 3,262,239 (1,990,433) 37,151,966 sharia income - net *)
Pendapatan premi -
neto - - - - - - 1,471,088 - 1,471,088 Premium income - net
Pendapatan
operasional lainnya 3,325,486 445,549 777,372 7,032,629 4,500,467 - 686,821 (3,355,714) 13,412,581 Other operating income
Pembentukan
cadangan kerugian Allowance for
penurunan nilai (11,141,206) (5,916,228) (1,801,066) (2,489,868) (444,906) (237,814) (559,346) (1) (22,590,435) impairment losses
Beban operasional Other operating
lainnya (6,170,982) (602,548) (1,196,387) (10,489,862) (2,418,814) - (3,854,629) 519,466 (24,213,756) expenses
Laba (rugi) operasional 127,080 (3,552,125) 2,537,675 5,611,640 4,565,526 (237,814) 1,006,143 (4,826,711) 5,231,444 Operating income (loss)
Pendapatan/(beban)
bukan operasional - Non operating income/
neto (387) (192) (194) 27,673 16,016 (56,327) (103,449) (2,431) (119,291) (expenses) - net
Laba sebelum Income before

beban pajak 126,693 (3,552,317) 2,537,481 5,639,313 4,581,542 (294,141) 902,724 (4,829,142) 5,112,153 tax expense
Beban pajak - - - - - (1,608,141) (182,570) - (1,790,711) Tax expense
Laba bersih 126,693 (3,552,317) 2,537,481 5,639,313 4,581,542 (1,902,282) 720,154 (4,829,142) 3,321,442 Net income
Total aset 285,497,695 58,073,837 82,738,751 90,214,571 306,013,725 53,316,643 78,652,975 (63,170,772) 891,337,425 Total assets
Total liabilitas 328,796,929 9,658,373 3,619,509 293,318,818 79,531,757 7,477,355 66,152,470 (42,319,548) 746,235,663 Total liabilities
2019
Tresuri dan
Insitusi Penyesuaian
Keuangan/ dan
Konsumer Treasury eliminasi/
dan Ritel/ and Kantor Entitas Adjustment
Korporasi/ Menengah/ Kecil/ Consumer Financial Pusat/ Anak/ and Konsolidasi/
Corporate Middle Small and Retail Institution Head Office Subsidiaries elimination**) Consolidation
Pendapatan bunga
dan pendapatan Interest income and
syariah - neto *) 14,096,224 3,512,476 4,338,847 11,370,563 2,126,635 - 3,192,989 (2,035,360) 36,602,374 sharia income - net *)
Pendapatan premi -
neto - - - - - - 1,696,928 - 1,696,928 Premium income - net
Pendapatan
operasional lainnya 3,346,810 678,614 886,156 7,309,367 3,650,287 - 621,947 (2,780,783) 13,712,398 Other operating income
Pembentukan
cadangan kerugian Allowance for
penurunan nilai (4,306,047) (1,281,781) (895,483) (1,301,295) (353,262) (101,475) (598,835) - (8,838,178) impairment losses
Beban operasional Other operating
lainnya (6,040,821) (1,107,306) (1,681,707) (9,669,580) (2,172,859) - (3,590,180) 575,554 (23,686,899) expenses
Laba operasional 7,096,166 1,802,003 2,647,813 7,709,055 3,250,801 (101,475) 1,322,849 (4,240,589) 19,486,623 Operating income
Pendapatan/(beban)
bukan operasional - Non operating income/
neto 1,136 (426) (427) 43,345 23,209 (35,969) (145,817) (2,568) (117,517) (expenses) - net
Laba sebelum Income before

beban pajak 7,097,302 1,801,577 2,647,386 7,752,400 3,274,010 (137,444) 1,177,032 (4,243,157) 19,369,106 tax expense
Total aset 283,707,850 70,007,377 72,290,923 84,780,500 262,960,028 51,328,065 71,042,424 (50,511,959) 845,605,208 Total assets
Total liabilitas 301,808,937 9,041,178 3,144,293 258,075,973 86,451,625 6,360,670 59,521,594 (35,914,828) 688,489,442 Total liabilities
*) termasuk komponen internal transfer pricing antar segmen operasi *) Includes componen’s of internal transfer pricing between operating segment
**) termasuk eliminasi internal transfer pricing atau reklasifikasi antar segmen operasi **) Includes elimination of internal transfer pricing or reclassification beetween operating
dan eliminasi terhadap entitas anak segment and elimination of subsidiaries
248
2020 Annual Report
Informasi yang berkaitan dengan segmen geografis Information concerning the geographical segments
BNI dan Entitas Anak disajikan dalam tabel di of BNI and Subsidiaries are set out in the tables
bawah ini: below:
2020
Penyesuaian
dan eliminasi/
Eropa/ Adjustment and Konsolidasi/
Indonesia New York Europe Asia elimination Consolidated
Pendapatan bunga dan Interest income and

pendapatan syariah - neto 35,438,434 255,299 391,778 1,085,782 (19,327) 37,151,966 sharia income - net
Pendapatan premi - neto 1,471,088 - - - - 1,471,088 Premium income - net
Pendapatan operasional
lainnya 13,404,389 192,641 247,413 649,561 (1,081,423) 13,412,611 Other operating income
Pembentukan cadangan Allowance
kerugian penurunan nilai (22,482,789) (402) (876) (106,368) (22,590,435) for impairment losses
Beban operasional lainnya (23,255,380) (225,059) (165,621) (567,696) - (24,213,756) Other operating expenses
Laba operasional 4,575,712 222,479 472,694 1,061,279 (1,100,720) 5,231,444 Operating income
Pendapatan/(beban) bukan Non operating income/
operasional - neto (138,089) (70) (1,057) 17,487 2,438 (119,291) (expenses) - net
Laba sebelum beban pajak 4,437,623 222,409 471,637 1,078,766 (1,098,282) 5,112,153 Income before tax expense
Beban pajak - - - - (1,790,711) Tax expense
Laba bersih 3,321,442 Net income
Total aset 822,274,967 17,517,711 14,308,839 49,025,258 (11,789,350) 891,337,425 Total assets
Total liabilitas 667,289,905 17,531,363 14,301,802 48,739,512 (1,626,919) 746,235,663 Total liabilities
2019
Penyesuaian
dan eliminasi/
Eropa/ Adjustment and Konsolidasi/
Indonesia New York Europe Asia elimination Consolidated
Pendapatan bunga dan Interest income and

pendapatan syariah - neto 35,618,434 170,217 239,567 614,603 (40,447) 36,602,374 sharia income - net
Pendapatan premi - neto 1,696,928 - - - - 1,696,928 Premium income - net
Pendapatan operasional
lainnya 14,336,863 124,260 139,127 417,442 (1,305,294) 13,712,398 Other operating income
Pembentukan cadangan Allowance for impairment
kerugian penurunan nilai (8,834,154) - (2,971) (1,053) - (8,838,178) losses
Beban operasional lainnya (22,990,283) (133,098) (114,039) (449,479) - (23,686,899) Other operating expenses
Laba operasional 19,827,788 161,379 261,684 581,513 (1,345,741) 19,486,623 Operating income
Pendapatan/(beban) bukan Non operating income/
operasional - neto (106,409) - (1,114) (12,559) 2,565 (117,517) (expenses) - net
Laba sebelum beban pajak 19,721,379 161,379 260,570 568,954 (1,343,176) 19,369,106 Income before tax expense
Beban pajak - - - - (3,860,523) Tax expense
Laba bersih 15,508,583 Net income
Total aset 782,516,352 12,321,480 13,255,548 48,415,186 (10,903,358) 845,605,208 Total assets
Total liabilitas 616,251,658 12,326,689 13,253,943 48,352,434 (1,695,282) 688,489,442 Total liabilities
249
2020 Annual Report
48. MANAJEMEN RISIKO 48. RISK MANAGEMENT
Untuk mengantisipasi tantangan ekonomi domestik To anticipate domestic and global economic
maupun global serta peningkatan eksposur risiko challenges and also increase risk exposures faced
yang dihadapi oleh BNI, dibutuhkan suatu sistem by BNI, an effective and integrated risk and capital
pengelolaan risiko dan permodalan yang efektif management system is needed, which is able to
dan terintegrasi, yang mampu mendukung support the achievement and growth of sustainable
pencapaian dan pertumbuhan kinerja secara performance while enhancing the competitiveness
berkelanjutan sekaligus meningkatkan daya saing of the Bank.
bank.
Risiko adalah potensi kerugian akibat terjadinya Risk is the potential loss due to certain events. Risk
suatu peristiwa tertentu. Risiko dalam konteks in the banking context is a potential event, either an
perbankan merupakan suatu kejadian potensial, expected or an unexpected that has a negative
baik yang diperkirakan (expected) maupun yang impact on bank income and capital of the bank.
tidak diperkirakan (unexpected) yang berdampak
negatif terhadap pendapatan dan permodalan
bank.
Manajemen risiko merupakan serangkaian Risk management is a set of methodologies and

metodologi dan prosedur yang digunakan untuk procedures used to identify, measure, monitor, or
mengidentifikasi, mengukur, memantau, dan control the risks arising from the entire Bank's
mengendalikan risiko yang timbul dari seluruh business activities, including the efforts to mitigate
kegiatan usaha Bank, termasuk upaya untuk and/or minimize financial or non-financial losses
memitigasi dan/atau meminimalkan kerugian that may arise from products or activities of the
finansial maupun non-finansial yang mungkin Bank, the relationship between the Bank and its
timbul dari produk atau aktivitas bank, hubungan customer and also within the internal Bank.
antara bank dengan nasabah maupun dalam
internal bank.
Penerapan Manajemen Risiko BNI berlandaskan The implementation of BNI Risk Management is
pada regulasi nasional maupun internasional, based on national and international regulations,
meliputi Peraturan Otoritas Jasa Keuangan including Financial Services Authority Regulations
(POJK), Surat Edaran Otoritas Jasa Keuangan (POJK), Financial Services Authority Circular
(SEOJK), Peraturan Bank Indonesia (PBI), Surat Letters (SEOJK), Bank Indonesia Regulations
Edaran Bank Indonesia (SEBI), dan dokumen (PBI), Bank Indonesia Circular Letters (SEBI), and
Basel Committee on Banking Supervision (BCBS). Basel Committee on Banking Supervision (BCBS).
Beberapa regulasi yang terkait dengan Manajemen Some of the agreements related to the Bank’s Risk
Risiko Bank adalah sebagai berikut: Management are as follows:
1 POJK No. 18/ POJK.03/2016 tanggal 16 Maret 1. POJK No. 18 / POJK.03 / 2016, March 16th of
2016 dan SEOJK No. 34/ SEOJK.03/2016 2016 and SEOJK No. 34 / SEOJK.03 / 2016
tanggal 1 September 2016 tentang Penerapan September 1st of 2016 concerning the
Manajemen Risiko bagi Bank Umum. Implementation of Risk Management for
Commercial Banks.
2 POJK No. 38/ POJK.03/2017 tanggal 12 Juli 2. POJK No. 38 / POJK.03 / 2017 July 12th of
2017 dan SEOJK No. 43/ SEOJK.03/2017 2017 and SEOJK No. 43 / SEOJK.03 / 2017
tanggal 19 Juli 2017 tentang Prinsip Kehati- July 17th of 2017 concerning Prudential
hatian dan Laporan dalam rangka Penerapan Principles and Reports within the framework of
Manajemen Risiko secara Konsolidasi bagi Bank the Application of Consolidated Risk
yang Melakukan Pengendalian terhadap Management for Banks that Control
Perusahaan Anak Subsidiaries
3 POJK No. 17/ POJK.03/2014 tanggal 3. POJK No. 17 / POJK.03 / 2014 September 18th
18 November 2014 dan SEOJK No. 14/ of 2014 and SEOJK No. 14 / SEOJK.03 / 2015
SEOJK.03/2015 tanggal 25 Mei 2015 tentang May 25th of 2015 concerning the
Penerapan Manajemen Risiko Terintegrasi bagi Implementation of Integrated Risk Management
Konglomerasi Keuangan. for Financial Conglomerates.
250
2020 Annual Report
48. MANAJEMEN RISIKO (lanjutan) 48. RISK MANAGEMENT (continued)
Penerapan Manajemen Risiko didasari oleh The Risk Management implementation is based on
kebutuhan akan keseimbangan fungsi bisnis the need to maintain balance between the business
dengan pengelolaan risiko, dimana Manajemen functions with the risk management, where Risk
Risiko menjadi strategic partner dari Unit Bisnis Management becoming a strategic partner for the
untuk mengoptimalkan pendapatan dari Unit Bisnis Business Units to optimize the revenue from the
secara keseluruhan. Business Unit as a whole.
Dalam rangka penerapan Manajemen Risiko yang In order to implement effective Risk Management,
efektif, baik untuk BNI secara individu maupun both for BNI individually and as a Consolidated and
secara Konsolidasi dan Terintegrasi dengan Integrated subsidiary, the application of risk
Perusahaan Anak, penerapan manajemen risiko management is done through 4 (four) pillars of risk
dilakukan melalui 4 (empat) pilar penerapan management: (i) Active control from board of
manajemen risiko yaitu: (i) Pengawasan aktif directors and board of Commissioners; (ii) The
direksi dan dewan komisaris; (ii) Kecukupan adequacy of policies and risk management
kebijakan, dan prosedur manajemen risiko serta procedures and, ie. risk limit determination; (iii) The
penetapan limit risiko; (iii) Kecukupan proses adequacy of identification, measurement,
identifikasi, pengukuran, pemantauan, dan monitoring, and risk control and Risk Management
pengendalian risiko serta Sistem Informasi Information Systems, and (iv) Internal control
Manajemen Risiko, dan (iv) Sistem pengendalian systems.
internal yang menyeluruh.
Penerapan manajemen risiko di BNI secara umum Implementation of risk management in BNI
terangkum dalam kerangka (framework) isundertaken within the risk management
manajemen risiko. Kerangka manajemen risiko ini framework. This risk management framework is
dituangkan dalam kebijakan, prosedur, limit-limit outlined in the policies, procedures, transaction
transaksi, kewenangan dan ketentuan lain serta limits, authorities and other regulations as well as
diaplikasikan dalam perangkat manajemen risiko, being applied in the risk management tools, which
yang berlaku di seluruh lingkup aktivitas usaha. is applicable in the whole scope of business
activities.
Secara berkala dilakukan evaluasi terhadap Periodic evaluation is applied to Risk Management
kebijakan dan prosedur manajemen risiko agar Policies and Procedures to ensure it reflects the
sesuai dengan perkembangan bisnis dan Bank’s current business and regulations.
perubahan regulasi.
Agar penerapan manajemen risiko dapat berjalan Risk Governance is formed to enforce the
secara efektif, BNI menyusun Risk Governance effectiveness of Risk Management Implementation,
sebagai bagian dari sistem Tata Kelola and as a part of Corporate Governance system,
Perusahaan (Corporate Governance) yang fokus which focuses on structure, process and approach
pada struktur, proses dan pendekatan pengelolaan to risk management in achieving the business
risiko dalam upaya pencapaian tujuan bisnis. goals.
Inisiatif dan langkah-langkah penyempurnaan telah Initiatives and corrective actions have been taken
dilakukan untuk meletakkan landasan yang kuat to build a solid foundation for BNI’s risk
dalam manajemen risiko di BNI yang mencakup management, covering aspect of organization,
aspek-aspek organisasi, strategi, sistem informasi strategies, information system and operations, and
dan operasi, serta pengembangan sumber daya human capital. BNI has taken some anticipatory
manusia. BNI juga telah melakukan langkah- actions related to humanity and personal aspects
langkah antisipatif yang menyentuh aspek humanis of each individual of BNI by implementing risk
dan personal setiap individu BNI, yaitu dengan culture enhanchement to build a strong risk culture
membangun budaya risiko yang kuat yang that is part of the BNI’s company culture. BNI
merupakan bagian dari budaya perusahaan BNI. constantly strives to improve employee’s risk
BNI terus berupaya untuk meningkatkan budaya culture in order to create a strong risk culture.
risiko segenap insan BNI agar tercipta budaya
risiko yang kuat.
251
2020 Annual Report
Terkait dengan produk atau aktivitas baru yang Related to new product or activity, a
akan diterbitkan, penilaian (assessment) yang comprehensive assessment for each of inherent
komprehensif dilakukan terhadap risiko yang risk in those new product or activity is done to
melekat pada produk atau aktivitas baru untuk ensure the potential risk that may occur is
memastikan bahwa potensi risiko yang mungkin mitigated.
timbul telah dimitigasi dengan baik.
Pengelolaan risiko kredit, risiko likuiditas, risiko The management of BNI’s credit, liquidity, market
pasar dan operasional BNI sebagaimana diuraikan and operational risks, as described in Notes 49 to
pada Catatan 49 sampai dengan Catatan 52 52 are consistent with Regulator’s definition.
adalah sesuai dengan definisi dari Regulator.
BNI juga melakukan pengelolaan terhadap risiko BNI also has risk management for other risks as
lainnya sesuai aturan Regulator, yaitu (i) risiko regulated by Regulator, as follows (i) legal risk to
hukum untuk mengurangi kemungkinan kerugian minimize possible losses from lawsuits or
dari tuntutan hukum atau kelemahan aspek yuridis weakness in juridical aspects such as the absence
seperti ketiadaan peraturan perundang-undangan of laws and regulations, or weaknesses such as
yang mendukung atau kelemahan perikatan seperti noncompliance with the terms of the engagements
tidak dipenuhinya syarat sahnya kontrak atau validity of contracts or binding of imperfect
pengikatan agunan yang tidak sempurna.; (ii) risiko collaterals; (ii) reputation risk to minimize possible
reputasi untuk mengurangi kemungkinan kerugian losses due to stakeholder’s declining levels of trust
akibat menurunnya tingkat kepercayaan pemangku which comes from the negative perception of the
kepentingan (stakeholder) yang bersumber dari Bank; (iii) strategic risk to minimize possible losses
persepsi negatif terhadap Bank; (iii) risiko stratejik arising from inappropriate or improper
untuk mengurangi kemungkinan kerugian akibat implementation of the Bank’s strategy and
ketidaktepatan dalam pengambilan dan/ atau business decisions, or strategy that is not
pelaksanaan suatu keputusan stratejik serta responsive to external changes; and
kegagalan dalam mengantisipasi perubahan (iv) compliance risk to minimize possible losses of
lingkungan bisnis; dan (iv) risiko kepatuhan untuk the Bank from non-compliance or failure to
mengurangi kemungkinan kerugian karena Bank implement the prevailing laws and regulations.
tidak mematuhi atau tidak melaksanakan peraturan
perundang-undangan dan ketentuan.
Upaya-upaya yang dilakukan untuk mengelola The initiatives taken to manage legal risk,
risiko hukum, risiko reputasi, risiko stratejik dan reputation risk, strategic risk and compliance risk
risiko kepatuhan seperti tersebut di atas as described above, among others, are as follows:
diantaranya adalah:
• Mengelola Pedoman Perusahaan untuk • Manage Operational Guidance Manual for

manajemen risiko hukum, risiko reputasi, risiko legal risk, reputation risk, strategic risk, and
stratejik, dan risiko kepatuhan; compliance risk;
• Melakukan analisis aspek risiko hukum dan uji • Analysis of the legal aspects and compliance
kepatuhan terhadap produk atau aktivitas testfor existing and new product or activities;
existing dan baru;
• Melakukan kaji ulang berkala terhadap format • Conduct periodic reviews of the standard
standar perjanjian, khususnya perjanjian format of the agreement, especially the credit
kredit, guna memastikan kesesuaian dengan agreement, to ensure compliance with
peraturan perundang-undangan. statutory regulations.
• Melakukan kaji ulang secara berkala terhadap • Conduct periodic reviews of contracts and
kontrak dan perjanjian antara BNI dengan agreements between BNI and other parties,
pihak lain, antara lain dengan cara melakukan among others by reassessing the
penilaian kembali terhadap efektivitas proses effectiveness of the enforcement process to
enforcement guna mengecek validitas hak check the validity of rights in existing contracts
dalam kontrak dan perjanjian yang ada. and agreements
• Melakukan pengelolaan komplain/keluhan • Manage customer complaints by optimizing
nasabah dengan optimalisasi fungsi sarana the function of Online Request Management
Online Request Management (ORM), (ORM) facilities, then resolve the issue;
selanjutnya menyelesaikan permasalahan
tersebut;
252
2020 Annual Report
• Mengelola jumlah pemberitaan negatif yang • Managing the amounts of negative news on
ada di media, baik media cetak maupun media media, whether printed or electronic media,
elektronik dan menindaklanjuti pemberitaan and follow up the proclamation in accordance
tersebut sesuai dengan ketentuan. with the prevailing policies.
• Melakukan perencanaan strategis melalui • The strategic planning done through a series
serangkaian proses untuk penyelarasan of strategic planning process to align the
strategi perusahaan dengan strategi unit; corporate strategy and strategy unit;
• Melakukan pemantauan pencapaian rencana • Planning the completion of a business that has
bisnis yang telah ditetapkan, dilakukan dengan been determined, is done by comparing the
membandingkan target terhadap realisasi target to the realization of the business
bisnis • Compliance certification to all policies and
• Melakukan sertifikasi kepatuhan terhadap procedures in accordance with applicable
kebijakan dan prosedur sesuai dengan regulations.
ketentuan. • Monitoring of types, significance and
• Melakukan pemantauan terhadap jenis, frequency of violations of regulations (BNI
signifikansi dan frekuensi pelanggaran compliance track record)
terhadap ketentuan (track record kepatuhan
BNI)
Sesuai dengan Surat Edaran OJK In accordance with the Circular Letter of Financial
No.14/SEOJK.03/2015, BNI selaku Entitas Utama Services Authority regulations (SEOJK) No.
Konglomerasi Keuangan wajib menerapkan 14/SEOJK.03/2015, BNI as the parent entity of a
Manajemen Risiko Terintegrasi secara financial conglomerate has to implement the
komprehensif dan efektif. Tujuan penerapan integrated risk management comprehensively and
manajemen risiko terintegrasi tersebut yaitu untuk effectively. The purpose of the implementation of
mengelola seluruh risiko yang melekat pada integrated risk management implementation is to
aktivitas/kegiatan usaha konglomerasi keuangan manage the whole inherent risks in the financial
BNI serta menciptakan keunggulan kompetitif dan conglomerate’s business activities, and also to
memelihara pertumbuhan yang berkesinambungan create competitive advantages and maintain
sehingga dapat meningkatkan nilai (shareholder sustainable growth, so that it can increase the
value) konglomerasi keuangan BNI secara financial conglomeration shareholder value of BNI
keseluruhan. as a whole.
Secara umum seluruh Lembaga Jasa Keuangan Generally, all of the Financial Services Institutions
(LJK) anggota Konglomerasi Keuangan BNI, baik (FSI) as part of the BNI Financial Conglomeration,
BNI sebagai LJK Induk (Entitas Utama) dan where BNI as the Parent FSI (Main Entity) and
masing-masing LJK Anak telah menerapkan each Subsidiaries FSI have implemented risk
manajemen risiko, antara lain dengan membentuk management, among others by establishing a risk
unit risiko pada masing-masing LJK. Manajemen unit in each FSI. Risk management in each FSI is
risiko pada masing-masing LJK Anak secara operating separately from the business unit and
operasional dilakukan terpisah dari unit bisnis dan conducts its function independently. To support the
menjalankan fungsinya secara independen. Untuk implementation of risk management, the FSI have
mendukung penerapan manajemen risiko, pada established internal control units/function in their
organisasi LJK Anak juga dibentuk unit/ fungsi organizational structure, which monitors the
intern yang melakukan pemantauan kepatuhan compliance with internal controls regularly and
terhadap kontrol internal secara rutin dan berkala. periodically on a regular basis.
Disamping itu, Dewan Komisaris dan Direksi pada In addition, the Boards of Commissioners and
masing-masing LJK Anak secara aktif juga Directors of the respective Subsidiaries actively
melakukan pemantauan, dan evaluasi melalui monitor and evaluate the internal controls of the
laporan-laporan yang disampaikan oleh setiap LJK Subsidiaries, through the reports submitted by the
Anak untuk selanjutnya digunakan sebagai salah respective Subsidiaries, as a basis in formulating
satu bahan pertimbangan dalam menetapkan and developing appropriate policies for the
kebijakan pada LJK Anak. Subsidiaries.
253
2020 Annual Report
BNI selaku Entitas Utama telah melakukan As the Parent Entity, BNI coordinates with its FSI
koordinasi dengan LJK Anak untuk menerapkan Subsidiaries regarding the implementation of risk
manajemen risiko sesuai ketentuan Otoritas Jasa management policies as defined by Indonesia
Keuangan, antara lain dengan melakukan Financial Services Authority, among others by
pemantauan dan pengukuran risiko yang implementing risk monitoring and measurement in
dituangkan dalam bentuk penilaian Kecukupan the form of consolidated Capital Adequacy Ratio
Penyediaan Modal Minimum (KPMM) Konsolidasi, (CAR) assessment, integrated Capital Adequacy
KPMM Terintegrasi, penilaian Tingkat Kesehatan Ratio (CAR) assessment, the Bank’s consolidated
Bank (TKB) konsolidasi, serta penilaian Profil soundness rating consolidated assessment, and
Risiko Konsolidasi dan penilaian Profil Risiko also integrated risk profile assessment on BNI
Terintegrasi Konglomerasi Keuangan BNI. Financial Conglomeration.
Penilaian profil risiko BNI menggambarkan risiko The risk profile assessment of BNI reflects the
yang melekat dalam kegiatan bisnis Bank (inherent inherent risk of the Bank’s business, including the
risk) termasuk kualitas penerapan Manajemen risk control system for each type of risk. The risk
Risiko yang mencerminkan sistem pengendalian profile of BNI has been performed based on
risiko (risk control system) untuk masing-masing attachment of SEOJK No. 14/SEOJK.03/2017
jenis risiko. Penilaian Profil Risiko BNI telah about the Bank’s soundness rating assessment.
dilakukan sesuai dengan lampiran SEOJK No.
14/SEOJK.03/2017 tentang Penilaian Tingkat
Kesehatan Bank Umum.
Berdasarkan hasil laporan terakhir atas penilaian Based on the results of a recent self-assessment
sendiri (self assessment), peringkat risiko inheren report, inherent risk rank of BNI as of
BNI posisi 31 Desember 2020 adalah low to 31 December 2020 is low to moderate and the
moderate dengan peringkat kualitas penerapan quality of the risk management implementation
manajemen risiko yang memadai (satisfactory) rank is satisfactory, therefore the risk profile
sehingga peringkat komposit Profil Risiko BNI composite rank of BNI is 2 (low to moderate)
adalah 2 (low to moderate) (tidak diaudit). (unaudited).
Penilaian Profil Risiko Terintegrasi merupakan Integrated Risk Profile assessment is the
penilaian terhadap 10 (sepuluh) jenis Risiko assessment of the 10 (ten) types of risks based on
berdasarkan Risiko Inheren dan Kualitas on Inherent Risks and the integrated
Penerapan Manajemen Risiko (KPMR) terintegrasi. Implementation of Risk Management Quality
Kesepuluh jenis Risiko tersebut adalah Risiko (KPMR). The ten types of risks being assessed are
Kredit, Risiko Pasar, Risiko Likuiditas, Risiko Credit Risk, Market Risk, Liquidity Risk,
Operasional, Risiko Hukum, Risiko Reputasi, Risiko Operational Risk, Legal Risk, Reputation Risk,
Stratejik, Risiko Kepatuhan, Risiko Transaksi Intra- Strategic Risk, Compliance Risk, Intra Group
Grup dan Risiko Asuransi. Penilaian Profil Risiko Transactions Risk and Risk Insurance. Assessment
BNI Terintegrasi tersebut telah dilakukan sesuai of the Integrated Risk Profile has complied with the
dengan lampiran SE OJK No. 14/SEOJK.03/2015 SE OJK No. 14/SEOJK.03/2015 dated 25 May
tanggal 25 Mei 2015 tentang Penerapan 2015 about Integrated Risk Management
Manajemen Risiko Terintegrasi bagi Konglomerasi Implementation for Financial Conglomerate.
Keuangan.
Penilaian Profil Risiko Terintegrasi dilakukan Integrated risk profile assessment is conducted
Semesteran. Berdasarkan hasil laporan terakhir semi annually. Based on the results of the last self-
secara penilaian sendiri (self assessment), assessment, the inherent risk rank of BNI as of 31
peringkat risiko inheren posisi 31 Desember 2019 December 2019 is low to moderate with the quality
adalah low to moderate dengan peringkat kualitas of the risk management implementation rank as
penerapan manajemen risiko yang memadai satisfactory, therefore the composite rank of BNI’s
(satisfactory) sehingga peringkat komposit Profil Risk Profile as a financial conglomeration is 2 (low
Risiko Konglomerasi Keuangan BNI adalah 2 (low to moderate).
to moderate).
254
2020 Annual Report
Pandemi Covid-19 mempengaruhi tingkat Risiko di The Covid-19 pandemic affects the level of risk at
BNI namun tidak signifikan. Hal ini terlihat dari hasil BNI but not significantly. This can be seen from the
penilaian Tingkat Kesehatan Bank (TKB) BNI posisi results of the BNI Bank Soundness Level (TKB)
31 Desember 2020 yang berada pada Peringkat 2 assessment for the position as of 31 December
(PK 2) dengan predikat “sehat” atau stabil 2020 which is in Rank 2 (PK 2) with the predicate
dibandingkan dengan TKB BNI posisi Desember "healthy" or stable compared to the TKB BNI at the
2019. Dampak Pandemi Covid 19 pada parameter position in December 2019. Impact of Covid-19
TKB BNI posisi Desember 2020 sebagai berikut: pandemic to BNI’s TKB parameter as of December
2020 as follows:
1. Profil Risiko 1. Risk Profile

Hasil penilaian Profil Risiko BNI periode The results of the BNI Risk Profile assessment
31 Desember 2020 masih stabil di Peringkat 2 for the period 31 December 2020 are still stable
(Low to Moderate) dengan tren meningkat. at Rank 2 (Low to Moderate) with increasing
Beberapa Risiko yang terdampak pandemi trend. Some of the risks affected by the covid 19
Covid-19 antara lain di Risiko Kredit (penurunan pandemic are credit risk (decrease in credit
pada rasio kualitas kredit) dan Risiko Stratejik quality ratio) and Strategic Risk (achievement of
(pencapaian target yang tidak sesuai proyeksi profits that do not match initial projections).
awal).
2. Rentabilitas 2. Rentability
Terjadi peningkatan tren risiko pada parameter There were some improvements of risk trend
Rentabilitas yang dipicu oleh pencapaian rasio which occurred in Rentability parameter which
profitabilitas yang dibawah target. was triggered by the achievement of a
profitability ratio that was below the target.
3. Permodalan 3. Capital
Peningkatan tren risiko pada parameter The increasing risk trend in the capital
permodalan diakibatkan penurunan komponen parameter was due to a decrease in the BNI
modal BNI karena penurunan laba ditahan capital component due to a decrease in retained
akibat penerapan PSAK 71. earnings due to the application of SFAS 71.
4. Tata Kelola 4. Governance

Tata kelola BNI posisi Desember 2020 BNI's governance in December 2020 is relatively
dibandingkan dengan posisi Desember 2020 stable compared to the position in December
relatif stabil, tidak terpengaruh dengan Covid- 2020, not affected by Covid-19.
19.
BNI telah menyusun perbaikan dampak pandemi BNI has prepared an enhanced action plan to
Covid-19 untuk memperbaiki dan memperkuat improve the impact of the Covid-19 pandemic on
penerapan Manajemen Risiko di BNI. the implementation of Risk Management at BNI.
255
2020 Annual Report
49. RISIKO KREDIT 49. CREDIT RISK
Pengelolaan kredit Bank diarahkan untuk The Bank’s loan management is aimed to support
melakukan ekspansi kredit dan mengelola kualitas the loan expansion and to manage the quality of
setiap kredit sejak saat diberikan sampai dengan each loan from the time the loan was granted until
dilunasi dan untuk mencegah kredit tersebut the loan is fully repaid by the debtors and to
menjadi kredit bermasalah (Non-Performing prevent the loan becoming a Non-Performing Loan
Loan/NPL). Pengelolaan kredit yang efektif dapat (NPL). Effective loan management is intended to
meminimalkan kerugian dan mengoptimalkan minimize the risk of losses and optimize the use of
penggunaan modal yang dialokasikan untuk risiko capital allocated for credit risk.
kredit.
Tujuan pengelolaan risiko kredit BNI selain untuk The purpose of BNI’s credit risk management other
memenuhi persyaratan-persyaratan yang telah than to comply with Bank Indonesia and Financial
ditetapkan oleh peraturan Bank Indonesia dan Services Authority regulations is to manage the
peraturan Otoritas Jasa Keuangan adalah untuk possible losses resulting from the debtors’ failure to
mengelola kemungkinan kerugian yang timbul pay loans or credit facility and other financial
akibat debitur gagal bayar atas pinjaman atau contracts at the minimum level, both on the
fasilitas kredit yang diberikan dan kontrak individual and loan portfolio level.
keuangan lainnya seminimal mungkin, baik pada
tingkat individu maupun portofolio kredit secara
keseluruhan.
BNI telah memiliki kebijakan dan prosedur BNI already has loan policies, credit and credit risk
perkreditan serta manajemen risiko kredit, yang management procedures that was decided in the
diputuskan melalui forum Komite Kebijakan Credit Policy Committee (KKP) and Credit
Perkreditan (KKP), Komite Prosedur Perkreditan Procedures Committee (KPP), Risks and Capital
(KPP), Komite Risiko dan Kapital sub Komite Committee sub division of Risk Management (KRK-
Manajemen Risiko (KRK-RMC) yang RMC) consisting of Board of Directors and several
beranggotakan Direksi dan beberapa anggota members of senior management, and also Board of
manajemen senior serta Rapat Direksi (Radisi) dan Directors meetings, also as written in the Credit
disetujui oleh Dewan Komisaris, juga secara tertulis Company Guidelines (PP) and Credit Risk
dituangkan dalam Pedoman Perusahaan (PP) Management Company Guidelines.
Perkreditan dan Pedoman Perusahaan Manajemen
Risiko Kredit.
Pedoman Perusahaan (PP) Perkreditan tersebut These Credit Company Guidelines (PP) provide
memberikan pedoman secara lengkap dan complete and detailed guidance on loan
terperinci atas kegiatan manajemen kredit dari saat management activities from loan proposal, analysis
pengajuan kredit, proses analisis, persetujuan, process, approval, monitoring, documentation,
pemantauan, pendokumentasian, pengendalian controls, restructuring and the settlements of non-
penyelamatan/ restrukturisasi dan penyelesaian performing loans, so that credit quality can be
kredit bermasalah, sehingga kualitas kredit dapat maintained by taking into account the business
terjaga dengan tetap memperhatikan target bisnis targets set.
yang ditetapkan.
Dalam rangka mendukung proses pemberian kredit To support a prudent loan granting process, BNI
yang lebih hati-hati, BNI melakukan penelaahan conducts periodic reviews and enhances its loan
dan penyempurnaan kebijakan perkreditan dan and credit risk management policies in line with
kebijakan manajemen risiko kredit secara periodik current business developments.
sesuai dengan perkembangan bisnis terkini.
256
2020 Annual Report
49. RISIKO KREDIT (lanjutan) 49. CREDIT RISK (continued)
Pengelolaan risiko kredit diterapkan pada tingkat Credit risk management is implemented both at the
individu dan tingkat portofolio. Pada tingkat individu individual and portfolio level. At the individual level,
pinjaman untuk kredit produktif, setiap usulan for productive loans, each loan proposal is made
pemberian kredit dilakukan melalui proses analisis through a process of analysis by the Business Unit
kredit oleh Unit Bisnis dan direview oleh unit risiko and being reviewed by the credit risk unit. The
kredit. Mekanisme persetujuan kredit dilakukan credit approval process mechanism is through a
melalui rapat Komite Kredit. Komite Kredit credit committee meeting. The credit committee
merupakan lembaga pemutus kredit yang constitutes the decision maker for credit approval,
Beranggotakan pemutus dari Unit Bisnis dan Unit which consists of representatives from Business
Risiko Bisnis, dengan demikian proses pemberian Units and representatives from the Credit Risk Unit,
kredit menjadi lebih komprehensif dan hati-hati. so that the loan granting process becomes more
comprehensive and prudent.
Untuk mempercepat proses ekspansi bisnis To accelerate the process of business expansion in
segmen Kecil, fungsi pemasaran dan proses a small segment, the marketing and credit function
analisa kredit dilakukan oleh Relationship Manager is performed by the Relationship Manager under
yang berada di bawah unit bisnis yaitu dengan the business unit by conducting business analysis
melakukan analisa bisnis dan analisa Risiko serta and risk analysis as well as providing risk mitigation
memberikan mitigasi Risiko yang diperlukan against the proposed debtor candidates.
terhadap calon debitur yang diusulkan.
Adapun untuk segmen Menengah dan Korporasi As for the Middle and Corporate segment these are
dilakukan oleh Senior Relationship Manager dan performed by Senior Relationship Managers and
Relationship Manager yang berada di unit bisnis Relationship Managers who are in the business
dengan tugas memproses usulan dari calon unit and have the task of processing the proposals
debitur, sementara analisis dan review risiko calon from perspective debtors, while the analysis and
debitur di segmen Korporasi dan Menengah risk review of prospective debtors in the Corporate
dilakukan oleh fungsi Credit Risk Manager yang and Middle segment are performed by Credit Risk
berada di bawah Unit Risiko. Manager who is under the Risk Unit.
Penerapan four eyes principles dalam proses The application of four eyes principles in the
perkreditan di BNI diimplementasikan dalam proses lending process at BNI is implemented in the credit
persetujuan kredit yang dilakukan melalui Komite approval process through credit committees, that is
Kredit, yaitu forum bersama pejabat pemutus kredit a forum of credit decision makers who have the
yang mempunyai wewenang memutus kredit yang authority to decide the credit in accordance with the
diusulkan sesuai dengan limit yang ditetapkan. specified limit. The members of the credit
Anggota Komite Kredit terdiri dari pejabat unit committee consist of business unit officers and
bisnis dan unit risiko bisnis. Dengan demikian business risk unit officers. Thus the process of
proses pemberian kredit menjadi lebih granting credit becomes more comprehensive and
komprehensif dan hati-hati prudent.
Unit bisnis dan unit risiko bisnis berperan sebagai Business units and business risk units act as first
first line of defense (risk owner) yang bertugas line of defense (risk owner) in charge of managing
mengelola dan mengendalikan risiko kredit pada and controlling credit risk in daily operations of the
kegiatan operasional harian unit tersebut. unit.
Proses analisis dan persetujuan kredit dilakukan Loan analysis and approval process is conducted
melalui serangkaian proses penilaian tingkat risiko through several assessment processes of the
kredit calon debitur, yang diantaranya dengan applicant’s credit risks, i.e. through internal rating
menggunakan internal rating system (untuk kredit system (for productive loans) and scoring system
produktif) dan scoring system (untuk kredit (for consumer and retail loans), followed by the
konsumtif dan kredit produktif segmen ritel), related risk mitigation strategy. The results of the
sekaligus juga strategi mitigasi risikonya. Hasil credit analysis and risk assessment process will be
proses analisis dan penilaian tingkat risiko kredit forwarded to the Credit Committee for approval.
kemudian diajukan kepada Komite Kredit untuk
mendapatkan persetujuan.
257
2020 Annual Report
Kredit yang bermasalah dikelola oleh Divisi Non-performing loan is managed by a Corporate
Penyelamatan dan Penyelesaian Kredit Korporasi Remedial and Recovery Division for corporate
untuk segmen Korporasi dan Divisi Penyelamatan segment and Commercial Remedial and Recovery
dan Penyelesaian Kredit Komersial dan Usaha Division for middle and small segment, to ensure
Kecil untuk segmen menengah dan kecil, agar better credit recovery and settlement, and to
penyelamatan/ penyelesaian kredit dapat dilakukan enable the Business Unit to focus on the
secara lebih baik dan memampukan Unit Usaha management of performing debtors and loan
untuk dapat fokus pada pengelolaan debitur lancar expansion.
dan melakukan ekspansi kredit.
Untuk menjaga agar portofolio Bank tidak To prevent the Bank portfolio from being
terkonsentrasi pada debitur dan sektor ekonomi concentrated to certain debtors and economic
tertentu, maka telah ditetapkan pembatasan kredit sectors, credit restrictions have been set according
sesuai risk appetite, sedangkan untuk to the risk appetite, while to anticipate exceeding
mengantisipasi pelampauan BMPK BNI telah the Legal Lending Limit, BNI has set limits on the
menetapkan limit BMPK yang disebut house limit Maximum Limit of Credit License called House
dengan batas yang lebih prudent dibandingkan limit Limit with a more prudent limit than the limit of
BMPK sesuai ketentuan regulator. Maximum Credit Granting in accordance with the
provisions of the regulator.
Untuk mengatur komposisi portofolio pinjaman BNI, To manage the composition of BNI portfolio, the
setiap tahun sekali ditetapkan batas maksimum loan exposure limit is determined annually to
pinjaman (Loan Exposure Limit) yang bertujuan diversify loan portfolio among different industry
untuk mendiversifikasi portofolio pinjaman sectors in order to optimize return regarding risk in
berdasarkan sektor industri untuk mengoptimalkan each sector and to reduce concentration risk. In the
pendapatan dengan mempertimbangkan risiko di determination of optimal concentration in industry
masing-masing sektor industri serta mengurangi sectors, the Bank has developed a method of
risiko konsentrasi. Dalam penentuan konsentrasi Credit Portfolio Optimisation by calculating the
tiap sektor industri yang optimal, Bank correlation of risk return from each industry sectors.
mengembangkan metode Credit Portofolio Furthermore, the Bank monitors the status of the
Optimisation (CPO) dengan memperhitungkan space available based on Loan Exposure Limit
korelasi risk-return dari tiap sektor (LEL) periodically.
industri.Selanjutnya Bank memonitor status
kelonggaran ekspansi pinjaman (space available)
secara periodik berdasar Loan Exposure Limit
(LEL).
Pengembangan manajemen risiko kredit dilakukan The development of credit risk management is
secara bertahap sesuai dengan kerangka kerja conducted in stages, and in line with the framework
yang ditetapkan Bank Indonesia/Otoritas Jasa set by Bank Indonesia/Financial Services Authority.
Keuangan. Khusus untuk pengukuran risiko kredit, Specifically for measuring credit risk, BNI utilizes
BNI menggunakan metode standar. Selanjutnya, the standardized approach methodology.
BNI juga mempersiapkan dan mengembangkan Furthermore, BNI also prepares and develops
metodologi rating internal. Saat ini BNI sedang internal ratings-based methodology. Currently BNI
mempersiapkan parameter risiko yang akan prepares risk parameters, which will be used in the
digunakan dalam perhitungan risiko kredit seperti calculation of credit risk such as Probability of
Probability of Default, Loss Given Default dan Default, Loss Given Default and Exposure at
Exposure at Default. Default.
Sebagai bagian dari pengukuran risiko kredit dan As part of the measurement of credit risk and to
untuk mengantisipasi terjadinya perubahan faktor anticipate the occurrence of macro-factors changes
makro yang berpengaruh pada Bank, BNI secara affecting the Bank, BNI periodically performs stress
berkala melakukan stress testing risiko kredit untuk testing of credit risk to assess changes in loan
menilai perubahan portofolio kredit dan portfolio and its impact to the Bank and the Bank’s
pengaruhnya bagi bank serta kemampuan Bank ability to face such condition.
menghadapi kondisi tersebut
258
2020 Annual Report
(i) Eksposur maksimum risiko kredit tanpa (i) Maximum exposure of the credit risk before
memperhitungkan agunan dan pendukung collateral held and other credit enhancements
kredit lainnya
Eksposur risiko kredit terhadap aset-neto Credit risk exposures relating to the assets-net
sesudah cadangan kerugian penurunan nilai of allowance for possible losses on the
pada laporan posisi keuangan konsolidasian consolidated statement of financial position as
pada tanggal-tanggal 31 Desember 2020 dan of 31 December 2020 and 2019 are as follows:
2019 adalah sebagai berikut:
Eksposur maksimum/
Maximum exposure
Keterangan 2020 2019 Description
Giro pada Bank Indonesia 35,065,701 37,104,091 Current accounts with Bank Indonesia
Giro pada bank lain 16,107,788 14,962,793 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 61,329,259 47,776,809 and Bank Indonesia
Efek-efek Marketable securities
- Nilai wajar melalui laporan laba rugi 7,211,758 8,645,975 Fair value through profit or loss -
- Nilai wajar melalui penghasilan Fair value through other
komprehesif lain 15,398,931 - comprehensive income -
- Biaya perolehan diamortisasi 7,060,496 - Amortized cost -
- Tersedia untuk dijual - 17,103,851 Available-for-sale -
- Dimiliki hingga jatuh tempo - 1,411,925 Held-to-maturity -
Efek-efek yang dibeli Securities purchased under
dengan janji dijual kembali 8,666,091 411,442 agreement to resell
Tagihan derivatif 1,460,614 312,266 Derivative receivables
Obligasi Pemerintah Government Bonds
- Nilai wajar melalui laba rugi 3,022,844 3,326,715 Fair value through profit or loss -
- Nilai wajar melalui penghasilan Fair value through other
komprehesif lain 58,670,215 - comprehensive income -
- Biaya perolehan diamortisasi 28,964,154 - Amortized cost -
- Tersedia untuk dijual - 55,715,269 Available-for-sale -
- Dimiliki hingga jatuh tempo - 21,987,036 Held-to-maturity -
Aset lain-lain - neto*) 10,169,474 9,576,751 Other assets - net*)
Neto 834,388,413 796,485,981 Net
*) Aset lain-lain - neto terdiri dari piutang bunga, piutang terkait transaksi *) Other assets - net consist of interest receivables, receivables
ATM dan kartu kredit, piutang lain-lain dan piutang premi asuransi. from transactions related to ATM and credit card, other
receivables and insurance premium receivables.
Eksposur risiko kredit terhadap rekening Credit risk exposures relating to consolidated
administratif konsolidasian pada tanggal- administrative accounts ítems as of
tanggal 31 Desember 2020 dan 2019 adalah 31 December 2020 and 2019, are as follows:
sebagai berikut:
Eksposur maksimum/
Maximum exposure
Keterangan 2020 2019 Description
Fasilitas kredit kepada debitur

yang belum digunakan (committed) 282,673 574,116 Unused loan facilities (committed)
Irrevocable letters of credit yang Outstanding irrevocable
masih berjalan 10,113,295 9,170,365 letters of credit
Garansi bank yang diterima 18,202,239 18,395,832 Bank guarantees received
Garansi yang diterbitkan 57,521,791 57,859,254 Guarantees issued
Total 86,119,998 85,999,567 Total
259
2020 Annual Report
(i) Eksposur maksimum risiko kredit tanpa (i) Maximum exposure of the credit risk before
memperhitungkan agunan dan pendukung collateral held and other credit enhancements
kredit lainnya (lanjutan) (continued)
Tabel di atas menggambarkan eksposur The table above represents credit risk
maksimum atas risiko kredit bagi Grup pada exposures of the Group as of 31 December
tanggal 31 Desember 2020 dan 2019, tanpa 2020 and 2019, without taking into account
memperhitungkan agunan atau pendukung any collaterals held or other credit
kredit lainnya. Untuk aset laporan posisi enhancements. For assets on the
keuangan konsolidasian, eksposur di atas consolidated statement of financial position,
ditentukan berdasarkan nilai tercatat neto the exposures set out above are based on net
seperti yang diungkapkan pada laporan posisi carrying value as reported in the consolidated
keuangan konsolidasian. statement of financial position.
Pada tanggal 31 Desember 2020 dan 2019, As of 31 December 2020 and 2019, the total
masing-masing sebesar 64,96% dan 67,78% maximum credit risk exposure in the
adalah jumlah eksposur risiko kredit consolidated statement of financial position
maksimum terhadap aset pada laporan posisi from loans is 64.95% and 67.78%,
keuangan konsolidasian yang berasal dari respectively.
pinjaman yang diberikan.
Manajemen yakin akan kemampuan Bank Management is confident in its ability to control
untuk mengendalikan dan memelihara and sustain exposure of credit risk to the Bank
eksposur risiko kredit yang berasal dari kredit resulting from its loans based on the following:
yang diberikan, berdasarkan hal-hal sebagai
berikut:
• Proses peningkatan pengelolaan kredit • The process of improving credit

secara berkelanjutan melalui penyem- management in a sustainable manner by
purnaan proses kredit, pengembangan improving credit processes, product
produk penyempurnaan organisasi development credit organization
perkreditan, peningkatan kemampuan improvement, credit capability
SDM di bidang perkreditan dan improvement of human resources and
pengembangan perangkat kredit berbasis development of technology based for
teknologi. credit application.
• BNI telah memiliki pedoman tertulis • BNI has documented credit policies and
mengenai kebijakan dan proses kredit manual procedures that cover all aspects
yang mencakup seluruh aspek pemberian of the Bank’s lending activities. Each loan
kredit yang dilakukan. Setiap pemberian transaction must adhere to the
kredit harus senantiasa mengacu pada requirements of the Bank’s policy.
kebijakan tersebut.
• BNI telah menetapkan risk appetite dan • BNI has set risk appetite and risk
risk tolerance yang selaras dengan tolerance in accordance with the Bank’s
sasaran strategis Bank, yang digunakan strategic objectives, which are used as a
sebagai acuan tingkat risiko yang akan reference level of risk to be taken by the
diambil Bank dalam pencapaian sasaran Bank in achieving business goals.
bisnis.
• BNI telah melakukan stress test risiko • BNI has performed stress test on credit
kredit untuk menilai kemampuan Bank risk to assess the ability of the Bank to
bertahan dalam kondisi tidak normal serta stay in the non-normal condition and as
sebagai alat untuk pengambilan an instrument for decision making for the
keputusan Bank. Bank.
260
2020 Annual Report
• BNI telah memiliki sistem deteksi dini • BNI has an early problem detection
permasalahan melalui ”early warning system through “early warning system”
system” dan pemantauan yang disiplin. and disciplined monitoring.
• Seluruh kredit diberikan dengan agunan • All loans are secured by collaterals,
kecuali untuk jenis kredit tertentu seperti except for certain loans such as credit
kartu kredit, personal loans dan fasilitas cards, personal loans and interbank loans.
antar bank.
(ii) Analisa eksposur maksimum terhadap risiko (ii) Analysis of maximum exposure to credit risk
kredit setelah memperhitungkan dampak after taking into account the impact of
agunan dan mitigasi risiko kredit lainnya collateral and other credit risk mitigation.
BNI menentukan struktur kredit termasuk BNI sets loan structure for every debtor
penentuan covenant yang tepat sesuai through appropriate covenants that aligns with
kebutuhan dan kondisi debitur, sehingga kredit debtor needs and condition. This is to ensure
yang diberikan benar-benar efektif dan the debtor uses the loan according to its
menguntungkan bagi debitur maupun Bank. original purpose so that the Bank and the
Jenis agunan yang yang dimiliki oleh Bank debtor's interests are fulfilled. Collateral types
adalah kas, deposito, agunan yang diikat held by the Bank are cash, deposits, registered
dengan hipotik dan hak tanggungan, garansi/ mortgages, guarantees and other registered
penjaminan pihak ketiga (termasuk securities over assets. Estimates of fair value
penjaminan kredit oleh perusahaan asuransi) of collaterals held by the Bank is based on the
serta jaminan dalam bentuk aset lainnya. value of collaterals assessed internally or
Perkiraan nilai wajar dari agunan yang externally by the independent appraisers
digunakan oleh Bank didasarkan pada nilai
agunan yang dinilai oleh penilai internal
maupun eksternal
Ketentuan coverage atau kecukupan agunan untuk The collateral coverage criteria for each segment
tiap segmen ditentukan sebagai berikut: is divided as follows:
Jumlah Coverage Minimal* /

Segmen/Segment Jenis Agunan/Collateral
Minimum Coverage Amount
Aset tetap/Fixed Asset
Kas/Cash
SBLC
Korporasi/ Tanah dan Bangunan/Land and Building 100% dari limit kredit/from credit
Wholesale Piutang/Receivable limit
Kendaraan/Vehicle
Agunan lain yang diterima oleh Bank/Other
collaterals held by the Bank
Kas/Cash
SBLC
Menengah/ Tanah dan Bangunan/Land and Building 125% dari limit kredit/from credit
Middle Piutang/Receivable limit
Kendaraan/Vehicle
Agunan lain yang diterima oleh Bank/Other
collaterals held by the Bank
110% dari limit kredit/from credit
Kecil/Retail Kas/Cash
limit
SBLC
261
2020 Annual Report
Nilai tercatat dari aset keuangan bank selain The carrying amounts of financial assets other
kredit yang diberikan dan efek-efek yang dibeli than bank loans and securities purchased
dengan janji dijual kembali pada umumnya under agreements to resell is generally equal
menggambarkan eksposur maksimum atas to the maximum exposure of credit risk.
risiko kredit.
Tabel di bawah ini menunjukkan eksposur The table below shows the net maximum
maksimum neto atas risiko kredit untuk efek- exposure to credit risk on securities purchased
efek yang dibeli dengan janji dijual kembali under agreements to resell on 31 December
pada tanggal-tanggal 31 Desember 2020 dan 2020 and 2019:
2019.
Eksposur
maksimum/ Agunan/ Eksposur Neto/
Maximum Collateral Net Exposure
Keterangan exposure Description
Efek-efek yang dibeli dengan janji Securities purchased under agreements

dijual kembali 8,666,091 8,733,924 - to resell
Eksposur
maksimum/ Agunan/ Eksposur Neto/
Maximum Collateral Net Exposure
Keterangan exposure Description
Efek-efek yang dibeli dengan janji Securities purchased under agreements

dijual kembali 411,442 407,128 4,314 to resell
(iii) Informasi kualitas kredit atas aset keuangan (iii) The information on the credit quality of
per tanggal 31 Desember 2020 dan 2019 financial assets as of 31 December 2020 and
sebagai berikut: 2019 are as follows:
Belum jatuh tempo atau tidak mengalami penurunan nilai/ Jatuh tempo
Neither past due nor impaired dan tidak
mengalami
penurunan
nilai/ Mengalami
Past-due penurunan
Grup 1/ Grup 2/ Grup 3/ Grup 4/ Grup 5/ but not nilai/
Group 1 Group 2 Group 3 Group 4 Group 5 impaired Impaired Total
Giro pada Current accounts with
Bank Indonesia - 35,065,701 - - - - - 35,065,701 Bank Indonesia
Giro pada bank lain 16,113,866 - - - - - 16,113,866 other banks
Penempatan pada Placements with
bank lain dan other banks and
Bank Indonesia 59,839,126 1,490,306 - - - - - 61,329,432 Bank Indonesia
Efek-efek 2,446,860 26,978,443 - - - - 521,513 29,946,816 Marketable securities
dengan janji under agreements
dijual kembali 8,618,182 47,909 - - - - - 8,666,091 to resell
Wesel ekspor dan Bills and other
tagihan lainnya 3,663,956 14,299,033 - - - - 53,446 18,016,435 receivables
Tagihan akseptasi 1,897,909 16,663,895 77,455 - - 3,115,946 19,835 21,775,040 Acceptance receivables
Tagihan derivatif - 1,460,614 - - - - - 1,460,614 Derivative receivables
Modal kerja 21,313,575 180,831,091 6,489,257 3,267,506 48,277,308 15,589,324 15,855,710 291,623,771 Working capital
Investasi 6,054,310 76,871,068 3,025,328 822,019 37,165,316 5,033,016 6,018,104 134,989,161 Investment
Konsumen 9,983,875 62,281,264 11,046,841 1,169,136 13,223,469 3,088,810 2,688,567 103,481,962 Consumer
Sindikasi 178,132 27,363,991 3,773,238 - 15,127,428 5,333,815 - 51,776,604 Syndicated
Karyawan 201,616 1,831,434 1,609,582 441,492 1,347 17,318 67,463 4,170,252 Employee
Program Pemerintah - 164,100 - - 937 - - 165,037 Government programs
Obligasi Pemerintah 18,176,474 72,484,647 - - - - - 90,661,121 Government Bonds
Penyertaan saham - 530,263 - - - - 282,824 813,087 Equity investments
Aset lain-lain - neto*) - 10,169,475 - - - - - 10,169,475 Other assets - net*)
Total 132,374,015 544,647,100 26,021,701 5,700,153 113,795,805 32,178,229 25,507,462 880,224,465 Total

penurunan nilai (45,818,534) impairment losses
Neto 834,405,931 Net
*) Aset lain-lain - neto terdiri dari piutang bunga, piutang terkait transaksi ATM *) Other assets - net consist of interest receivables, receivables from
dan kartu kredit dan piutang lain-lain. transactions related to ATM and credit card and other receivables..
262
2020 Annual Report
(iii) Informasi kualitas kredit atas aset keuangan (iii) The information on the credit quality of
per tanggal 31 Desember 2020 dan 2019 financial assets as of 31 December 2020 and
sebagai berikut: (lanjutan) 2019 are as follows: (continued)
Belum jatuh tempo atau tidak mengalami penurunan nilai/ Jatuh tempo
Neither past due nor impaired dan tidak
mengalami
penurunan
nilai/ Mengalami
Past-due penurunan
Grup 1/ Grup 2/ Grup 3/ Grup 4/ Grup 5/ but not nilai/
Group 1 Group 2 Group 3 Group 4 Group 5 impaired Impaired Total

Bank Indonesia - 37,104,091 - - - - - 37,104,091 Bank Indonesia
Giro pada bank lain - 14,964,793 - - - - - 14,964,793 other banks
Penempatan pada Placements with
bank lain dan other banks and
Bank Indonesia 2,482,746 45,294,067 - - - - - 47,776,813 Bank Indonesia
Efek-efek 1,078,880 25,895,397 - - - - 472,593 27,446,870 Marketable securities
dengan janji under agreements
dijual kembali 411,442 - - - - - 411,442 to resell
Wesel ekspor dan Bills and other
tagihan lainnya 2,461,155 16,888,526 - - - - - 19,349,681 receivables
Tagihan akseptasi 979,152 16,212,082 129,890 - 22,308 1,774,843 - 19,118,275 Acceptance receivables
Tagihan derivatif - 312,266 - - - - - 312,266 Derivative receivables
Modal kerja 16,929,627 196,906,358 17,811,971 223,355 7,295.885 17,701,014 7,944,693 264,812,903 Working capital
Investasi 8,156,115 109,814,786 5,194,074 161,317 4,035,728 4,605,312 2,016,958 133,984,290 Investment
Konsumen 9,569,912 67,093,628 12,928,759 309,460 3,073,030 2,906,413 2,162,221 98,043,423 Consumer
Sindikasi 216,580 50,820,252 174,294 1,564,625 1,736,111 57,581 782,309 55,351,752 Syndicated
Karyawan 91,405 1,881,325 1,958,941 4,719 95,355 35,923 55,635 4,123,303 Employee
Program Pemerintah - 284,810 64,763 - - 105,703 - 455,276 Government programs
Obligasi Pemerintah 9,862,841 71,166,179 - - - - - 81,029,020 Government Bonds
Penyertaan saham - - - - - - 985,007 985,007 Equity investments
Aset lain-lain - neto*) - 9,576,755 - - - - - 9,576,755 Other assets - net*)
Total 52,239,855 664,215,315 38,262,692 2,263,476 16,258,417 27,186,789 14,419,416 814,845,960

Neto 796,485,985 Net
*) Aset lain-lain - neto terdiri dari piutang bunga, piutang terkait transaksi ATM dan kartu *) Other assets - net consist of interest receivables, receivables from
kredit dan piutang lain-lain. transactions related to ATM and credit card and other receivables..
- Grup 1 : Debitur baru (kurang dari 6 bulan). - Group 1 : New customers (less than 6
months).
- Grup 2 : Nasabah lama yang tidak memiliki - Group 2 : Existing customers with no
historis pernah menunggak dalam 3 tahun history of overdue for the past 3 years.
terakhir.
- Grup 3 : Nasabah lama yang memiliki - Group 3 : Existing customers with history
historis pernah menunggak (dibawah 90 of overdue below 90 days in the past 3
hari) dalam 3 tahun terakhir. years.
- Grup 4 : Nasabah lama yang memiliki - Group 4 : Existing customers with history
historis pernah menunggak diatas 90 hari of default more than 90 days in the past 3
dalam 3 tahun terakhir. years.
- Grup 5 : Nasabah lama yang pinjamannya - Group 5 : Existing customers with loans
pernah/telah direstrukturisasi. that was/has been restructured.
263
2020 Annual Report
(iv) Analisis umur pinjaman yang jatuh tempo (iv) The aging analysis of past due but not
tetapi tidak mengalami penurunan nilai pada impaired loans as of 31 December 2020 and
tanggal 31 Desember 2020 dan 2019: 2019:
Kurang dari Lebih dari
30 hari/ 31 sampai 60 hari/
Less than 60 hari/ More than
30 days 31 to 60 days 60 days Total
Modal kerja 1,514,513 1,014,315 13,060,496 15,589,324 Working capital

Investasi 188,216 89,580 4,755,220 5,033,016 Investment
Konsumen 628,787 5,384 2,454,639 3,088,810 Consumer
Sindikasi - - 5,333,815 5,333,815 Syndication
Karyawan 359 31 16,928 17,318 Employee
Total 2,331,875 1,109,310 25,621,098 29,062,283 Total

penurunan nilai (1,041,124) (465,850) (12,272,097) (13,779,071) impairment losses
Neto 1,290,751 643,460 13,349,001 15,283,212 Net
30 hari/ 31 sampai 60 hari/
Less than 60 hari/ More than
30 days 31 to 60 days 60 days Total
Modal kerja 897,130 577,702 16,226,182 17,701,014 Working capital

Investasi 38,577 152,055 4,414,680 4,605,312 Investment
Konsumen 618,613 2,986 2,284,814 2,906,413 Consumer
Sindikasi - - 57,581 57,581 Syndication
Karyawan 155 1 35,767 35,923 Employee
Program pemerintah 32 - 105,671 105,703 Government programs
Total 1,554,507 732,744 23,124,695 25,411,946 Total

penurunan nilai (388,902) (109,446) (4,846,467) (5,344,815) impairment losses
Neto 1,165,605 623,298 18,278,228 20,067,131 Net
(v) Konsentrasi risiko aset keuangan (v) Concentration of risks of consolidated financial
konsolidasian dengan eksposur risiko kredit assets with credit risk exposure
Tabel berikut menggambarkan rincian The following table provides details of the
eksposur kredit Grup pada nilai tercatat (tanpa Group’s credit exposures at their carrying
memperhitungkan agunan atau pendukung amounts (without taking into account any
kredit lainnya), yang dikategorikan collateral held or other credit support), as
berdasarkan area geografis pada tanggal- categorized by geographical region as of
tanggal 31 Desember 2020 dan 2019. Untuk 31 December 2020 and 2019. For this table,
tabel ini, Grup telah mengalokasikan eksposur the Group has allocated exposures to the
area berdasarkan wilayah geografis tempat regions based on the geographical area where
mereka beroperasi. activities are undertaken.
264
2020 Annual Report

Jawa & Indonesia Timur/ Lain-lain *)/

Bali Sumatera Kalimantan Sulawesi East Indonesia Others *) Total

Giro pada Bank Indonesia 33,549,946 - - - - 1,515,755 35,065,701 Bank Indonesia
Giro pada bank lain 5,655,777 4 16 2 6 10,458,061 16,113,866 other banks
Penempatan pada bank lain
Placements with other banks
dan Bank Indonesia 55,194,433 - - - - 6,134,999 61,329,432 and Bank Indonesia
laba rugi 7,148,671 - - - - 63,088 7,211,759 profit or loss
penghasilan other comprehensive
komprehesif lain 9,574,489 - - - - 5,839,853 15,414,342 income
Biaya peroleh diamortisasi 6,614,182 - - - - 706,533 7,320,715 Amortized cost
Efek-efek yang dibeli dengan Securities purchased under
janji dijual kembali 8,666,091 - - - - - 8,666,091 agreements to resell
lainnya 17,283,722 33,271 3,215 2,078 1,935 692,214 18,016,435 Bill and other receivables
Tagihan akseptasi 19,090,621 153,094 - 229,582 - 2,301,743 21,775,040 Acceptance receivables
Tagihan derivatif 1,460,614 - - - - - 1,460,614 Derivative receivables
Pinjaman yang diberikan 392,674,728 48,649,931 24,881,627 25,936,601 6,524,279 87,539,621 586,206,787 Loans
Obligasi pemerintah Government Bonds
laba rugi 2,394,387 - - - - 628,457 3,022,844 profit or loss
penghasilan other comprehensive
komprehensif lain 47,703,909 - - - - 10,968,411 58,672,320 income
Biaya perolehan diamortisasi 17,437,299 - - - - 11,528,658 28,965,957 Amortized cost
Penyertaan saham 813,087 - - - - - 813,087 Equity Investment
Aset lain-lain - neto**) 8,237,246 277,133 27,786 229,839 7,213 1,390,258 10,169,475 Other assets - net**)
Total 633,499,202 49,113,433 24,912,644 26,398,102 6,533,433 139,767,651 880,224,465 Total

Neto 834,405,931 Net
Jawa & Indonesia Timur/ Lain-lain *)/

Bali Sumatera Kalimantan Sulawesi East Indonesia Others *) Total

Giro pada Bank Indonesia 35,129,606 - - - - 1,974,485 37,104,091 Bank Indonesia
Giro pada bank lain 10,398,470 5 7 3 6,666 4,559,642 14,964,793 other banks
Penempatan pada bank lain Placements with other banks
dan Bank Indonesia 38,650,320 - - - - 9,126,493 47,776,813 and Bank Indonesia
laporan laba rugi 8,645,975 - - - - - 8,645,975 profit or loss
Tersedia untuk dijual 17,016,063 - - - - 101,112 17,117,175 Available-for-sale
Dimiliki hingga jatuh
tempo 1,683,720 - - - - - 1,683,720 Held-to-maturity
janji dijual kembali 411,442 - - - - - 411,442 agreements to resell
lainnya 17,441,894 358,573 4,687 228,270 - 1,316,257 19,349,681 Bill and other receivables
Tagihan akseptasi 15,917,894 194,490 - 193,606 - 2,812,285 19,118,275 Acceptance receivables
Tagihan derivatif 312,266 - - - - - 312,266 Derivative receivables
Pinjaman yang diberikan 381,314,901 46,102,777 23,672,013 24,396,417 5,508,834 75,776,005 556,770,947 Loans
Obligasi pemerintah Government Bonds
laporan laba rugi 1,998,697 - - - - 1,328,018 3,326,715 profit or loss
Tersedia untuk dijual 38,523,130 - - - - 17,192,141 55,715,271 Available-for-sale
Dimiliki hingga jatuh
tempo 11,619,494 - - - - 10,367,540 21,987,034 Held-to-maturity
Penyertaan saham 985,007 - - - - - 985,007 Equity Investment
Aset lain-lain - neto**) 8.091.979 301,049 32,681 31.291 7,525 1,112.226 9,576,751 Other assets - net**)
Total 588,140,858 46,956.894 23,709,388 24,849,587 5,523,025 125,666,204 814,845,956 Total

Neto 796,485,981 Net
*) Termasuk kantor cabang luar negeri dan Entitas Anak *) Includes overseas branches and Subsidiaries
**) Aset lain-lain - neto terdiri dari piutang bunga, piutang terkait transaksi **) Other assets - net consist of interest receivables, receivables
ATM dan kartu kredit, dan piutang lain-lain. from transactions related to ATM and credit card, and other
receivables.
265
2020 Annual Report
50. RISIKO LIKUIDITAS 50. LIQUIDITY RISK
Risiko likuiditas berhubungan dengan adanya Liquidity risk relates to the possibility that the Bank
kemungkinan bank tidak mampu untuk memenuhi will be unable to meet short-term obligations to
kewajiban jangka pendek terhadap deposan, depositors, investors and creditors, as well as fulfill
investor dan kreditur, serta pemenuhan giro wajib Statutory Reserve Requirements due to, among
minimum (GWM) yang diantaranya disebabkan others, limited access to financing or the inability to
keterbatasan akses pendanaan atau liquidate assets at reasonable prices.
ketidakmampuan untuk melikuidasi aset yang
dimiliki dengan harga yang wajar.
Manajemen Risiko Likuiditas dilakukan oleh Divisi Liquidity Risk Management is carried out by the
Manajemen Risiko Bank (ERM), Divisi Tresuri Bank's Risk Management Division (ERM), Treasury
(TRS), dan Kantor Cabang Luar Negeri. Kebijakan Division (TRS), and Branch Offices of Foreign
dan Prosedur Risiko Likuiditas disusun oleh Divisi Affairs. Liquidity Risk Policies and Procedures was
ERM, selanjutnya dilaksanakan oleh Divisi TRS prepared by the Division ERM, subsequently
dan segenap Kantor Cabang Luar Negeri, yang implemented by the Division of TRS and all Branch
diwujudkan dalam manajemen strategi likuiditas. Offices of Foreign Affairs, which is manifested in
the liquidity strategy management.
Divisi ERM juga melakukan monitoring terhadap ERM Division also monitors the implementation of
pelaksanaan manajemen likuiditas yang dilakukan the liquidity management performed by the
oleh Divisi TRS tersebut. Treasury Division.
Divisi ERM menyusun Kebijakan Risiko Likuiditas ERM Division prepares Liquidity Risk Policy
berupa Pedoman Penerapan Manajemen Risiko Guidelines in Liquidity Risk Management
Likuiditas, yang lebih lanjut dijabarkan ke dalam Implementation Guidelines, which is further
Prosedur Manajemen Risiko Likuiditas yang berisi elaborated into the Liquidity Risk Management
panduan pelaksanaan manajemen risiko likuiditas, Procedures which contains guidelines for liquidity
antara lain berupa: risk management practices, which include:
a. Ketersediaan Alat Likuid: Kas, GWM, Secondary a. Availability Liquidity Tools: Cash, Statutory
Reserve, Indikator Peringatan Dini, Liquidity Reserve Requirement, Secondary Reserve,
Contingency Plan Head Office maupun Kantor Early Warning Indicators, Liquidity Contingency
Cabang Luar Negeri, dll Plan Head Office or Branch Office of Foreign
Affairs, etc.
b. Pengukuran Risiko Likuiditas : Rasio Likuiditas, b. Measurement of Liquidity Risk: Liquidity Ratio,
Proyeksi Arus Kas, Profil Maturitas, Rasio Cash Flow Projection, Maturity Profile, Liquidity
Kecukupan Likuiditas, Stress testing, dll Adequacy Ratio, Stress testing, etc.
c. Pemantauan Risiko Likuiditas c. Liquidity Risk Monitoring
d. Pengendalian Risiko Likuiditas d. Liquidity Risk Management
e. Penetapan Limit Likuiditas: Pagu Kas Wilayah, e. Determination of Liquidity Limit: Cash Ceiling for
Pagu Kas Bank Wide, SR Ideal, Limit Profil Regional Area, Cash Ceiling Bank Wide, Ideal
Maturitas, Limit Kredit Valas berdasarkan SR, Maturity Profile Limit, Credit in Foreign
ketersediaan likuiditas. Currency Limit based on the availability of
liquidity.
Divisi ERM juga menyusun risk appetite dan risk ERM Division also prepares risk appetite and risk
tolerance Risiko Likuiditas yang selaras dengan tolerance for Liquidity Risk in accordance with the
sasaran strategis Bank, yang digunakan sebagai Bank’s strategic objectives, which are used as a
acuan tingkat risiko yang akan diambil Bank dalam reference level of risk to be taken by the Bank in
pencapaian sasaran bisnis. achieving business goals
Dalam mengelola likuiditas, selain mengelola In managing liquidity, beside addition to managing
primary reserve (kas dan GWM), BNI menjaga dan primary reserve (cash and statutory reserve
mempertahankan secondary reserve untuk requirement), BNI keeps and maintains secondary
memastikan likuiditas berada pada level yang reserve to ensure liquidity is at a safe level. In
aman. Sebagai antisipasi pemenuhan secondary anticipation of fulfilling the ideal secondary reserve,
reserve yang ideal, BNI menjaga dan BNI preserves and maintains a tertiary reserve.
mempertahankan tertiary reserve.
266
2020 Annual Report
50. RISIKO LIKUIDITAS (lanjutan) 50. LIQUIDITY RISK (continued)
Penetapan dan pemantauan limit, yaitu Secondary The setting and monitoring of limits, i.e. Ideal
Reserve Ideal (SR Ideal) dan limit ketersediaan Secondary Reserve (Ideal SR) and credit
kredit valas dilakukan secara berkala oleh Divisi availability in foreign currency limit is conducted
ERM. Sedangkan ketersediaan atas keseluruhan periodically by the ERM Division. While the
reserve dipantau secara harian, mingguan, dan availability of the whole reserve is monitored daily,
bulanan oleh Divisi TRS dan Divisi ERM. weekly, and monthly by the Treasury Division and
the ERM Division.
Tabel di bawah ini menunjukkan sisa jatuh tempo The table below shows the remaining contractual
kontraktual dari liabilitas keuangan berdasarkan maturities of the financial liabilities based on
undiscounted cash flows. undiscounted cashflows.

1 Bulan/ 1-3 3-6 6 - 12 12 Bulan/
Less than Bulan/ Bulan/ Bulan/ More than
1 Month Months Months Months 12 Months Total
Liabilitas segera 5,560,702 - - - - 5,560,702 Obligations due immediately
Simpanan nasabah 549,700,534 75,858,411 13,672,221 5,772,927 4,034,099 649,038,192 Deposits from customers
Simpanan dari bank lain 6,768,769 1,375,930 667,751 210,347 233 9,023,030 Deposits from other banks
Liabilitas derivatif 414,280 - - - - 414,280 Derivative payables
Liabilitas akseptasi 1,770,971 2,804,837 580,340 344,212 - 5,500,360 Acceptance payables
Efek-efek yang
diterbitkan 60,000 - 60,000 120,000 3,180,000 3,420,000 Securities issued
dengan janji dibeli kembali - - 12,068 12,068 2,566,132 2,590,268 agreements to repurchase
Pinjaman yang diterima 2,117,947 1,166,977 483,880 9,746,244 36,689,332 50,204,380 Borrowings
Liabilitas lain-lain*) 14,897,169 - - - - 14,897,169 Other liabilities*)
Total 581,290,372 81,206,155 15,476,260 16,205,798 46,469,795 740,648,380 Total
Total aset lancar **) 114,566,917 19,093,681 2,682,754 295,494 83,855,322 220,494,168 Total liquid assets**)
KOMITMEN DAN COMMITMENT AND

KONTINJENSI CONTINGENCIES
Fasilitas kredit kepada
debitur yang belum
digunakan 47,273,485 - - - - 47,273,485 Unused loan facilities
yang masih berjalan 155,273 3,722,730 1,471,463 2,650,426 2,113,403 10,113,403 letters of credit
Garansi yang diterbitkan 3,491,222 21,502,101 5,676,403 9,832,385 17,019,680 57,521,791 Guarantees issued
Total 50,919,980 25,224,831 7,147,866 12,482,811 19,133,083 114,908,571 Total

1 Bulan/ 1-3 3-6 6 - 12 12 Bulan/
Liabilitas segera 5,272,805 - - - - 5,272,805 Obligations due immediately
Simpanan nasabah 486,402,003 70,505,086 18,556,413 4,961,060 3,258,067 583,682,629 Deposits from customers
Simpanan dari bank lain 6,552,500 1,355,672 1,544,589 2,130,823 692 11,584,276 Deposits from other banks
Liabilitas derivatif 203,054 - - - - 203,054 Derivative payables
Liabilitas akseptasi 1,230,744 2,405,439 1,630,574 74,683 - 5,341,440 Acceptance payables
Efek-efek yang
diterbitkan 60,000 2,000 62,000 124,000 2,737,052 2,985,052 Securities issued
dengan janji dibeli kembali 401,878 474,301 - 1,444,294 - 2,320,473 agreements to repurchase
Pinjaman yang diterima 3,099,381 13,256,202 5,378,180 3,867,449 38,505,940 64,107,152 Borrowings
Liabilitas lain-lain*) 12,550,196 - - - - 12,550,196 Other liabilities*)
Total 515,772,561 87,998,700 27,171 756 12,602,309 44,501,751 688,047,077 Total
Total aset lancar **) 115,549,894 1,362,598 1,250,752 3,983,297 74,089,879 196,236,420 Total liquid assets**)
*) Liabilitas lain-lain terdiri dari utang ke pemegang polis, setoran jaminan, *) Other liabilities consist of obligation to policy holders, guarantee deposits,
rekening dalam penyelesaian, utang reasuransi dan komisi, serta utang unsettled account, reinsurance payable and commission, and payable to
nasabah - Entitas Anak. customer - Subsidiary.
**) Aset lancar terdiri dari kas, giro pada Bank Indonesia, giro pada bank lain, **) Liquid assets consist of cash, current accounts with Bank Indonesia, current
penempatan pada bank lain dan Bank Indonesia dan obligasi pemerintah accounts with other banks, placement with other banks and Bank Indonesia
and government bonds.
267
2020 Annual Report
50. RISIKO LIKUIDITAS (lanjutan) 50. LIQUIDITY RISK (continued)


1 Bulan/ 1-3 3-6 6 - 12 12 Bulan/
KOMITMEN DAN COMMITMENT AND

KONTINJENSI CONTINGENCIES
Fasilitas kredit kepada
debitur yang belum
digunakan 58,305,017 - - - - 58,305,017 Unused loan facilities
yang masih berjalan - 95 5,230,335 3,030,978 908,957 9,170,365 letters of credit
Garansi yang diterbitkan 7,410 5,383 26,387,583 10,110,808 21,348,070 57,859,254 Guarantees issued
Total 58,312,427 5,478 31,617,918 13,141,786 22,257,027 125,334,636 Total
Dalam rangka meningkatkan ketahanan likuiditas, In order to increase liquidity resilience, BNI
BNI menerapkan perhitungan rasio kecukupan implements Liquidity Coverage Ratio (LCR) and
likuiditas yaitu Liquidity Coverage Ratio (LCR) dan Net Stable Funding Ratio (NSFR) calculations and
Net Stable Funding Ratio (NSFR) dan mengelola manages requirement of the Liquidity Adequacy
rasio Kecukupan Likuiditas tersebut sesuai Ratio subject to regulators, either individually (bank
ketentuan regulator, baik secara individu (bank only) or consolidated with subsidiaries.
only) maupun konsolidasi dengan perusahaan
anak.
LCR bertujuan untuk meningkatkan ketahanan LCR aims to improve the Bank’s short-term liquidity
likuiditas jangka pendek dengan memelihara High resilience by maintaining High Quality Liquid
Quality Liquid Assets (HQLA) yang memadai untuk Assets (HQLA) to meet liquidity needs over the
memenuhi kebutuhan likuiditas BNI selama periode next 30 days under stress conditions, while NSFR
30 hari ke depan dalam kondisi stress, sedangkan aims to reduce liquidity risk related to longer term
NSFR bertujuan untuk mengurangi risiko likuiditas funding sources requiring BNI to fund activities with
terkait sumber pendanaan untuk jangka waktu sufficient stable funding sources in order to mitigate
yang lebih panjang dengan mensyaratkan BNI future financial hardship risks.
mendanai aktivitas dengan sumber dana stabil
yang memadai dalam rangka memitigasi risiko
kesulitan pendanaan pada masa depan.
Laporan rasio Kecukupan Likuiditas BNI tersebut BNI Liquidity Adequacy Ratio are reported monthly
dilaporkan secara bulanan dan triwulanan kepada and quarterly to the Otoritas Jasa Keuangan (OJK).
Otoritas Jasa Keuangan (OJK).
51. RISIKO PASAR 51. MARKET RISK
Risiko pasar adalah risiko kerugian yang timbul Market risk is the risk of loss due to the adverse
akibat perubahan faktor pasar yang tidak sesuai volatility of market price movements against BNI’s
dengan posisi yang diambil oleh BNI baik pada financial assets and liabilities (on balance sheet)
posisi aset dan liabilitas keuangan dan rekening including administrative accounts (off balance
administratif. Risiko Pasar melekat pada hampir sheet). Market risk is embedded in the Bank’s
seluruh aktivitas Bank, baik trading book maupun business activities, both in trading and banking
banking book yang mencakup Risiko Suku Bunga books, which cover Interest Rate risks and Foreign
dan Risiko Nilai Tukar. Exchange risks.
268
2020 Annual Report
51. RISIKO PASAR (lanjutan) 51. MARKET RISK (continued)
Pengelolaan Risiko Pasar BNI dilakukan melalui Market Risk Management is done through
koordinasi beberapa Divisi terkait, yaitu Divisi coordination with BNI’s several related
Manajemen Risiko Bank (Divisi ERM) yang divisions such as: Enterprise Risk Management
bertanggung jawab kepada Direktur Manajemen Division (ERM) and Policy Governance
Risiko (Dir. MR), Divisi Tata Kelola Kebijakan Division (PGV) which report to the Director of
(Divisi PGV) yang bertanggung jawab kepada Risk Management; and Treasury Division
Direktur Human Capital dan Kepatuhan (Dir. HN), (TRS) as well as Overseas branches
Divisi Tresuri (Divisi TRS) dan Kantor Cabang Luar supervised by the International Division (INT)
Negeri dalam pengawasan Divisi Internasional which report to the Director of Treasury and
(Divisi INT) yang bertanggung jawab kepada International. The Market Risk Management is
Direktur Tresuri dan Internasional (Dir. TS). Dalam also supported by Risk Management
mengelola Risiko Pasar, Direksi didukung oleh Risk Committee (RMC) and Assets and Liabilities
Management Committee (RMC) dan Komite Aset Committee (ALCO) and supervised by the
dan Liabilitas (ALCO) serta dalam pengawasannya Board of Commissioners through the Risk
didukung oleh Komisaris melalui Komite Pemantau Monitoring Committee.
Risiko.
BNI telah memiliki Aplikasi Manajemen Risiko BNI has market risk tools to support the
Pasar untuk mendukung proses pengelolaan Risiko implementation of the Market Risk Process. The
Pasar. Pengukuran potensi Risiko Pasar untuk measurement of potential market risk, for internal
pengendalian internal BNI dilakukan secara harian control purposes, is conducted on a daily basis
menggunakan Model Internal - Value at Risk (VaR) using an Internal Model - Value at Risk (VaR)
Methodology, sedangkan pengukuran Risiko Pasar Methodology. On the other hand, the market risk
dalam rangka perhitungan Kewajiban Penyediaan measurement for Capital Adequacy Ratio
Modal Minimum dilakukan secara bulanan purposes, is conducted on a monthly basis using
menggunakan Metode Standar. BNI juga the Standard Method. BNI also conducts on a
melakukan pengukuran Risiko Suku Bunga pada monthly basis the measurement of interest rate risk
banking book secara bulanan menggunakan on banking book using Assets & Liabilities Gap
Assets & Liabilities Gap Report serta pengukuran Report (A/L Gap Report) and the measurement for
Risiko Nilai Tukar pada banking book melalui foreign exchange risk on banking book by
perhitungan Posisi Devisa Neto (PDN) secara calculating the Net Open Position (NOP) both daily
harian dan bulanan sesuai ketentuan Regulator. and monthly in accordance with the Regulator’s
regulation.
Sehubungan dengan penggunaan Model Internal In line with the use of the Internal Model (VaR) in
(VaR) dalam pengukuran Risiko Pasar, BNI telah measuring market risk, BNI conducts Back Testing
melakukan proses validasi melalui Back Testing periodically to assess the accuracy of the VaR
secara periodik untuk menilai akurasi pengukuran methodologies used. Stress Testing has also been
VaR yang digunakan. Selain itu, BNI telah conducted for the financial instuments that are
melakukan proses Stress Testing terhadap exposed to foreign exchange risk and interest rate
instrumen keuangan yang terekspos Risiko Nilai risk (limited to bond positions) in order to assess
Tukar dan Risiko Suku Bunga (portofolio obligasi) the Bank’s resilience in encountering extreme
untuk menilai ketahanan Bank dalam menghadapi change of risk factors in abnormal market
perubahan faktor pasar yang ekstrim pada saat conditions. Stress Testing is done every 6 (six)
kondisi pasar abnormal. Stress Testing dilakukan months or in case there is an abnormal condition
setiap 6 (enam) bulan sekali atau periode yang whichever is earlier.
lebih pendek jika terjadi kondisi abnormal.
269
2020 Annual Report
Limit Risiko Pasar BNI sebagai bagian dari proses BNI Market Risk limit as a part of the risk
pengendalian Risiko Pasar ditetapkan dan dikaji controlling process is set and reviewed periodically
ulang secara periodik oleh Divisi ERM dan Divisi by ERM and PGV which are independent from risk
PGV yang independen terhadap risk taking units taking units (TRS and overseas branches). The
(Divisi TRS dan kantor cabangluar negeri). Limit- Market Risk limits are as follows:
limit Risiko Pasar adalah sebagai berikut:
a. Limit Risiko Pasar pada trading book: a. Market Risk limits on trading book:
(i) Limit Value at Risk (VaR) dan limit Stressed (i) Value at Risk (VaR) limit and Stressed
Value at Risk (SVaR) Value at Risk (SVaR) limit
(ii) Limit nominal transaksi (ii) Transaction nominal limit
(iii) Limit nominal open position (iii) Open position limit
(iv) Limit kerugian (iv) Loss limit
Limit ditetapkan pada masing-masing desk These limits are performed for each trading desk
(Currencies Trading, Rates Trading, Banking (Currencies Trading, Rates Trading, Banking
Management - Surat Berharga Available-For- Management - Available-For-Sale Bonds,
Sale, Funding and Gapping - Surat Berharga Funding and Gapping – Liquidity Bonds).
Likuiditas).
b. Limit Risiko Pasar pada banking book: b. Market Risk limits on banking book:
(i) Limit Gap Aset & Liabilitas – Rupiah (i) Gap Asset & Liability Limit – Indonesian
Rupiah
(ii) Limit Gap Aset & Liabilitas - Valuta Asing (ii) Gap Asset & Liability Limit - Foreign
Currency
(iii) Limit Posisi Devisa Neto internal BNI. (iii) Internal BNI Net Open Position Limit.
Divisi ERM juga menyusun risk appetite dan risk ERM Division also prepares risk appetite and risk
tolerance Risiko Pasar yang selaras dengan tolerance for Liquidity Risk in accordance with the
sasaran strategis Bank, yang digunakan sebagai Bank’s strategic objectives, which are used as a
acuan tingkat risiko yang akan diambil Bank dalam reference level of risk to be taken by the Bank in
pencapaian sasaran bisnis. achieving business goals.
Pemantauan Risiko Pasar dilakukan melalui Market Risk monitoring is conducted through
laporan yang memberikan informasi mengenai reports which give information about the market
eksposur risiko pasar dan kepatuhan terhadap risk exposures and the limit compliance. The VaR
limit-limit. Laporan VaR diberikan kepada reports are submitted to BNI management on a
manajemen BNI secara berkala (harian, mingguan periodic basis (daily, weekly, and monthly) through
dan bulanan) melalui laporan sirkulasi atau forum circular reports or RMC forum. Specifically the
RMC. Khusus terkait dengan laporan report for interest rate risk on banking book is
perkembangan Risiko Suku Bunga pada banking submitted to management on a monthly basis
book disampaikan kepada manajemen setiap bulan through the ALCO forum.
melalui forum Asset & Liabilities Committee
(ALCO).
BNI menggunakan model Value at Risk (VaR) BNI uses Value at Risk model (VaR) to measure
untuk menghitung potensi risiko pasar yang timbul potential market risk arising from possible changes
akibat perubahan faktor pasar yang dapat of market factors which can affect the market value
mempengaruhi nilai pasar pada portofolio produk of the Bank portfolio. The scope of Market Risk is
Bank. Cakupan Risiko Pasar adalah sebagai as follows:
berikut:
a. Risiko Nilai Tukar pada trading book dan a. Foreign exchange risk on trading book and
banking book. banking book.
b. Risiko Suku Bunga pada trading book dan b. Interest rate risk on trading book and banking
banking book (tidak termasuk aset- book (excluding held-to-maturity assets/
aset/investasi yang dimiliki hingga jatuh tempo). investments).
270
2020 Annual Report
Metode untuk menghitung VaR yang digunakan The VaR method used in BNI is Variance
BNI adalah Variance Covariance/Risk Metrics. Covariance/Risk Metrics. This method uses
Metode ini menggunakan formula dengan formulas with some parameters such as volatility
memasukkan parameter-parameter seperti and correlation. It assumes that any changes that
volatilitas dan korelasi. Metode ini mengasumsikan occurs in the risk factors affecting the normal
bahwa segala perubahan dalam faktor risiko yang market conditions will follow normal distribution.
mempengaruhi kondisi pasar normal akan For abnormal market condition, Stressed VaR
mengikuti distribusi normal. Sedangkan untuk calculation is applied.
kondisi pasar harian yang tidak normal, dilakukan
perhitungan Stressed VaR.
VaR tidak menyediakan informasi potensi laba atau VaR does not provide information for potential gain
rugi pada kondisi pasar yang ekstrim atau stress. or loss in the extreme or stress market condition.
BNI melakukan stress testing untuk kondisi pasar BNI performs stress testing in the extreme market
yang ekstrim tersebut. condition.
Pengukuran VaR adalah estimasi maksimum The VaR calculation is an estimate using a 99%
potensi kerugian Risiko Pasar untuk 1 (satu) hari confidence level of the potential loss that is not
ke depan dengan tingkat keyakinan 99% dengan expected to be exceeded if the current market risk
posisi portofolio yang dimiliki tidak berubah. positions were to be held unchanged for one day.
Penggunaan tingkat keyakinan 99% berarti dalam The use of a 99% confidence level means that,
rentang waktu satu hari, kerugian harian yang within a one day horizon, losses exceeding the
melebihi VaR dalam kondisi pasar normal tidak VaR figure should occur, on average under normal
akan terjadi lebih dari 1 (satu) kali dalam 100 hari. market conditions, not more than once every
hundred days.
Karena VaR adalah bagian dari pengelolaan Risiko Since VaR is an integral part of the Bank’s market
Pasar Bank, limit-limit VaR telah dibentuk untuk risk management, VaR limits have been
seluruh trading operation dan eksposur perlu established for all trading operations and
direview oleh manajemen secara harian terhadap exposures are required to be reviewed daily
limit-limit. against the limits by management.
Tabel dibawah ini menunjukkan VaR agregat pada The table below presents the aggregate VaR on
portofolio trading book dan banking book milik the Bank’s trading book and banking book portfolio:
Bank:
31 Desember 2020 dan tahun yang
berakhir pada tanggal tersebut/
31 December 2020 and the year then ended
Risiko mata Risiko nilai wajar suku bunga/

uang asing/ Fair value interest rate risk
Foreign
exchange risk Trading book Banking book
2020 - 31 Desember 23,837 4,037 281,880 2020 - 31 December

2020 - Rata-rata harian 23,937 2,364 307,810 2020 - Average daily
2020 - Tertinggi 86,543 6,368 379,056 2020 - Highest
2020 - Terendah 3,707 518 70,680 2020 - Lowest
31 Desember 2019 dan tahun yang

berakhir pada tanggal tersebut/
31 December 2019 and the year then ended
Risiko mata Risiko nilai wajar suku bunga/

uang asing/ Fair value interest rate risk
Foreign
exchange risk Trading book Banking book
2019 - 31 Desember 4,736 957 258,220 2019 - 31 December

2019 - Rata-rata harian 8,745 2,742 280,161 2019 - Average daily
2019 - Tertinggi 25,793 6,191 305,307 2019 - Highest
2019 - Terendah 3,498 957 169,513 2019 - Lowest
271
2020 Annual Report
(i) Risiko tingkat suku bunga (i) Interest rate risk
Risiko tingkat suku bunga timbul pada Interest rate risks arise from financial
instrumen keuangan yang mempunyai instruments which have the loss possibilities
kemungkinan kerugian akibat perubahan from changes in interest rates that will affect
tingkat suku bunga yang akan berdampak future cash flows or fair value of the financial
pada arus kas masa depan atau nilai wajar instruments.
instrumen keuangan.
Komite Risiko dan Kapital Sub Komite BNI’s Risk and Capital Committee sub
Manajemen Risiko (KRK-RMC) BNI, Committee Risk Management (KRK-RMC)
bertanggung jawab untuk menetapkan, which consists of members of the Board of
melaksanakan serta menjaga kebijakan Directors and selected members of senior
pengelolaan risiko tingkat suku bunga sesuai management held responsible for determining,
dengan pedoman umum BNI. Tujuan utama executing and overseeing the interest rate risk
Komite Risiko dan Kapital Sub Komite management policy in accordance with the
Manajemen Risiko (KRK-RMC) BNI adalah overall guidelines of BNI. The main objective
memaksimalkan hasil usaha BNI dengan tetap of the Risk and Capital Committee Sub
memperhatikan limit risiko yang ditetapkan. Committee Risk Management (KRK-RMC) is
to maximize BNI’s returns within the
predetermined risk limits.
Tabel di bawah ini merupakan kisaran tingkat The tables below summarize the range of
suku bunga kontraktual per tahun untuk aset contractual interest rates per annum for
dan liabilitas konsolidasian yang signifikan significant consolidated assets and liabilities
pada tanggal 31 Desember 2020 dan 2019: as of 31 December 2020 and 2019:
Dolar Dolar Won Korea

Amerika Serikat/ Eropa/ Yen Jepang Singapura/ Selatan/ Yuan China/
United States European Japanese Singapore South Chinese
Rupiah Dollar Euro Yen Dollar Korean Won Yuan
% % % % % % %
ASET ASSETS
dan Bank Indonesia 3.00-10.00 0.05-1.80 - - - 0.50-0.80 - and Bank Indonesia
Efek-efek 6.35-11.25 0.79-5.50 0.09-2.15 0.3-0.92 - - - Marketable securities
Wesel ekspor dan tagihan lainnya 7.00-12.00 1.61-7.50 2.80 - 3.70 - - - 2.50-5.30 Bills and other receivables
dengan janji dijual kembali 3.75-4.57 - - - - - - under agreements to resell
Pinjaman yang diberikan 5.50-38.50 1.13-11.00 1.60 -4.75 0.50-2.06 4.00-6.50 2.20-4.50 7.00 Loans
- Tingkat bunga tetap 5.45-12.90 1.86-5.86 0.95-1.40 0.92-3.00 2.25-3.13 - - Fixed interest rate -
- Tingkat bunga mengambang 4.54-5.79 - - - - - - Floating interest rate -
Simpanan nasabah 0.00-8.00 0.00-3.65 0.00-0.75 0.00-0.01 0.00-0.50 - - Deposits from customers
Simpanan dari bank lain 0.00-5.48 0.00-1.27 - 0.00-0.35 0.00-0.45 - - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali - 0.60-2.20 - - - - - agreements to repurchase
Efek-efek yang diterbitkan 8.00 - - - - - - Securities issued
Pinjaman yang diterima 5.70-11.50 0.96-2.20 0.2-0.85 - - - 2.85 Borrowings
272
2020 Annual Report
(i) Risiko tingkat suku bunga (lanjutan) (i) Interest rate risk (continued)
Dolar Dolar Won Korea

Amerika Serikat/ Yen Jepang Singapura/ Selatan/ Yuan China/
United States Japanese Singapore South Chinese
Rupiah Dollar Euro Yen Dollar Korean Won Yuan
% % % % % % %
ASET ASSETS
dan Bank Indonesia 4.25-10.00 0.00-3.50 - - - 0.00-1.70 - and Bank Indonesia
Efek-efek 6.35-11.75 0.50-7.75 1.40-1.75 0.83-2.50 1.94-3.25 - - Marketable securities
Wesel ekspor dan tagihan lainnya 6.05-10.33 2.49-7.28 5.84 - - - 2.50 - 5.30 Bills and other receivables
dengan janji dijual kembali 5.04-5.50 - - - - - - under agreements to resell
Pinjaman yang diberikan 5.00-26.95 1.00-11.00 0.75 -4.87 0.50-6.40 4.00-7.00 3.00-4.50 7.00 Loans
- Tingkat bunga tetap 5.45-12.90 1.13-12.00 1.41-1.78 0.83-2.50 1.94-3.25 - - Fixed interest rate -
- Tingkat bunga mengambang 5.80 3.38- 4.75 - - 1.94-1.97 - - Floating interest rate -
janji dijual kembali 5.04-5.50 - - - - - - agreements to resell
Simpanan nasabah 0.00-9.85 0.00-4.55 0.00-0.10 0.00-0.45 0.05-0.50 - - Deposits from customers
Simpanan dari bank lain 0.00-7.70 0.00-3.30 - 0.00-0.35 0.00-1.93 - - Deposits from other banks
janji dibeli kembali 5.35-7.55 2.20-2.72 - - - - - agreements to repurchase
Efek-efek yang diterbitkan 8.00 - 0.09-0.47 - - - - Securities issued
Pinjaman yang diterima 5.35-11.50 0.00-4.89 0.09-0.47 0.11-0.33 0.00-0.19 - 6.09 Borrowings
Tabel berikut menunjukkan sensitivitas The following tables demonstrate the

terhadap kemungkinan perubahan suku bunga sensitivity to a reasonable possible change in
dalam Rupiah yang wajar, dengan semua IDR interest rates, with all other variables held
variabel lainnya tetap konstan, dalam laporan constant, in the Bank’s profit or loss. The
laba rugi Bank. Sensitivitas laporan laba rugi sensitivity of profit or loss is the effect of the
adalah dampak dari perubahan asumsi suku changes in interest rates assumptions on the
bunga pada laporan laba rugi pada periode profit or loss for the period. The total sensitivity
tersebut. Sensitivitas total laba atau rugi of profit or loss is based on the assumption
didasarkan pada asumsi bahwa ada that there are parallel shifts in the yield curve.
pergeseran paralel kurva hasil.
Perubahan Pengaruh terhadap

presentase/ laporan laba rugi/
Percentage Impact to
Change profit or loss
±25 159,916 ±
±50 319,831 ±
Perubahan Pengaruh terhadap

presentase/ laporan laba rugi/
Percentage Impact to
Change profit or loss
±25 146,939 ±
±50 293,877 ±
BNI memiliki eksposur terhadap risiko tingkat BNI has other exposure to interest rate risks
suku bunga dalam mata uang Dolar in Singapore Dollar, United States Dollar,
Singapura, Dolar Amerika Serikat, Euro dan Euro and others. BNI assessed that the
lainnya. BNI telah melakukan penilaian atas impact of those interest rate risks is not
dampak dari risiko tingkat suku bunga tersebut significant.
dan hasilnya tidak signifikan.
273
2020 Annual Report
(ii) Risiko mata uang (ii) Currency risk
Risiko valuta asing timbul sebagai akibat Foreign currency risks arise from
adanya aset dan liabilitas keuangan dalam consolidated financial assets and liabilities
valuta asing dan rekening administratif and administrative accounts in foreign
konsolidasian baik pada sisi aset konsolidasian currency positions, both on the consolidated
maupun liabilitas konsolidasian. Posisi valuta assets and liabilities. BNI’s foreign currency
asing BNI dapat dikelompokkan dalam dua position is divided into two activities: the
aktivitas yaitu: trading book, yang dilakukan trading book, which is prepared to generate
dalam rangka memperoleh keuntungan profit from the exchange rate, and the
transaksi valuta asing, dan banking book, yang banking book, which is prepared to control
dilakukan dalam rangka mengendalikan Posisi BNI’s overall Net Open Position.
Devisa Neto BNI secara keseluruhan.
BNI memiliki kebijakan untuk menjaga BNI’s policy is to maintain foreign currency
eksposur mata uang asing dalam batas yang exposure within acceptable limits and within
wajar dan berdasarkan peraturan yang existing regulatory guidelines. The
berlaku. Manajemen berkeyakinan bahwa saat Management believes that its current profile
ini eksposur mata uang asing atas aset dan of foreign currency exposure on its assets
liabilitas masih dalam batas yang konservatif. and liabilities is within conservative limits.
Berikut adalah Posisi Devisa Neto (PDN), Presented below is the Net Open Position
dalam nilai absolut, BNI pada tanggal (NOP), in absolute amounts, of BNI as of
31 Desember 2020 per mata uang, sesuai 31 December 2020 by currency, based on
dengan peraturan Bank Indonesia: Bank Indonesia regulations:
Aset/ Liabilitas/ Posisi Devisa Neto/

Mata Uang Assets Liabilities Net Open Position Currencies
KESELURUHAN (LAPORAN AGGREGATE (STATEMENT
POSISI KEUANGAN DAN OF FINANCIAL POSITION AND
REKENING ADMINISTRATIF) ADMINISTRATIVE ACCOUNTS)
Yuan China 1,842,588 2,049,445 206,857 Chinese Yuan
Dolar Amerika Serikat 330,529,303 331,401,069 871,766 United States Dollar
Euro 11,758,826 12,102,964 344,138 Euro
Yen Jepang 7,301,530 6,951,243 350,287 Japanese Yen
Dolar Singapura 1,998,299 2,272,232 273,933 Singapore Dollar
Poundsterling Inggris 790,407 559,764 230,643 British Pound Sterling
Dolar Hong kong 671,484 549,848 121,636 Hong Kong Dollar
Lain-lain 1,397,555 535,426 862,129 *) Others
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL

POSITION
Dolar Amerika Serikat 226,105,802 215,359,679 10,746,123 United States Dollar
Euro 3,226,726 2,586,452 640,274 Euro
Yuan China 1,613,270 124,244 1,489,026 Chinese Yuan
Lain-lain 1,491,579 552,361 939,218*) Others
Total Modal Tier I dan Tier II
dikurangi penyertaan pada Total Tier I and II Capital less
Entitas Anak (Catatan 54) 103,145,466 investment in Subsidiaries (Note 54)
Rasio PDN (Keseluruhan) 3.16% NOP Ratio (Aggregate)

Rasio PDN (Laporan Posisi NOP Ratio (Statement of
Keuangan) 14.34% Financial Position)
*) Merupakan penjumlahan absolut dari selisih antara aset dan *) Sum of the absolute values of the difference between assets and
liabilitas dari beberapa mata uang asing lainnya liabilities of some foreign currencies
274
2020 Annual Report
(ii) Risiko mata uang (lanjutan) (ii) Currency risk (continued)
Berikut adalah Posisi Devisa Neto (PDN), Presented below is the Net Open Position, in
dalam nilai absolut, BNI pada tanggal absolute amounts, of BNI as of 31 December
31 Desember 2019 per mata uang, sesuai 2019 by currency, based on Bank Indonesia
dengan peraturan Bank Indonesia: regulations:
Aset/ Liabilitas/ Posisi Devisa Neto/

Mata Uang Assets Liabilities Net Open Position Currencies
KESELURUHAN (LAPORAN AGGREGATE (STATEMENT
POSISI KEUANGAN DAN OF FINANCIAL POSITION AND
REKENING ADMINISTRATIF) ADMINISTRATIVE ACCOUNTS)
Euro 16,969,322 17,229,387 260,065 Euro
Poundsterling Inggris 1,684,057 1,730,886 46,829 British Pound Sterling
Lain-lain 1,725,582 1,077,354 648,228 *) Others
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL

POSITION
Euro 6,992,394 5,056,596 1,935,798 Euro
Lain-lain 1,369,524 547,832 821,692 *) Others
Total Modal Tier I dan Tier II
dikurangi penyertaan pada Total Tier I and II Capital less
Entitas Anak (Catatan 54) 118,095,752 investment in Subsidiaries (Note 54)
Rasio PDN (Keseluruhan) 2.41% NOP Ratio (Aggregate)

Rasio PDN (Laporan Posisi NOP Ratio (Statement of
Keuangan) 4.83% Financial Position)
*) Merupakan penjumlahan absolut dari selisih antara aset dan *) Sum of the absolute values of the difference between assets and
liabilitas beberapa mata uang asing lainnya liabilities of some foreign currencies
52. RISIKO OPERASIONAL 52. OPERATIONAL RISK
Dalam rangka menerapkan manajemen risiko In order to implement operational risk

operasional, BNI mengacu kepada ketentuan Bank management, BNI made reference to Bank
Indonesia/ Otoritas Jasa Keuangan serta Indonesia or Financial Authority Regulations, and
International Best Practices. Pengelolaan risiko also International Best Practices. Operational risk
operasional meliputi proses identifikasi, penilaian, management encompasses the identification,
pengukuran, pemantauan dan pengendalian risiko assessment, measurement, monitoring and
operasional. operational control processes.
1. Identifikasi Risiko 1. Risk Identification

Mekanisme identifikasi risiko operasional The operational risk identification mechanism
dilakukan dengan menerapkan Macro Process is carried out by applying a macro process
Mapping Assessment atas proses kerja/ mapping assessment of the work processes/
aktivitas masing-masing unit untuk menangkap activities of each unit to capture the potential
potensi risiko operasional yang dilakukan operational risks conducted by interview
dengan metode interview (one on one meeting). method (one-on-one meeting)
275
2020 Annual Report
52. RISIKO OPERASIONAL (lanjutan) 52. OPERATIONAL RISK (continued)
2. Penilaian Risiko 2. Risk Assessment

Dilakukan oleh masing-masing unit pemilik Performed by individual risk owner unit
risiko melalui metode operational risk self through the operational risk self assessment
assessment, mencakup penilaian atas dampak, method, including assessment of the impact,
frekuensi dan penyebab risiko serta solusinya. frequency, and causes of risk and their
solutions.
3. Pengukuran Risiko 3. Risk Measurement
Pengukuran risiko operasional saat ini Current operational risk measurement uses
menggunakan metode Pendekatan Indikator the Basic Indicator Approach method.
Dasar (Basic Indicator Approach).
4. Pemantauan Risiko 4. Risk Monitoring
Dilakukan oleh seluruh Satuan Kerja sebagai Performed by all units as the first line of
first line of defense pada saat aktivitas defense at the time of operational activity on
operasional berlangsung. the main risks in ongoing activities.
Divisi Manajemen Risiko Bank melakukan Enterprise Risk Management Division

evaluasi dan laporan/ feedback atas penilaian evaluates and report/feedback on risk
risiko berdasarkan hasil self assessment serta assessment based on self assessment result
realisasi atas kerugian risiko operasional yang and realization of loss of operational risk that
terjadi, meliputi: happened, consisting of :
§ Feedback report untuk seluruh divisi/ satuan/ § Feedback report for all divisions/units/
unit/ wilayah/ cabang regions/branches.
§ Laporan bulanan Pemantauan Beban Risiko § Operational Risk Expenses monthly
Operasional kepada Direksi reports to the Board of Directors.
§ Laporan Profil Risiko Operasional § Operational Risk Profile report.
5. Pengendalian Risiko 5. Risk Control

Mekanisme mitigasi risiko operasional Operational risk mitigation mechanism are
tergambar pada proses pengendalian internal reflected in the internal control process by
dengan menerapkan 4 (empat) strategi mitigasi, implementing 4 (four) mitigation strategies, ie.
yaitu hindari, kurangi, transfer dan terima. avoid, mitigate, transfer, and accept. The four
Keempat strategi mitigasi tersebut tertuang mitigation strategies are carried out in
dalam prosedur mitigasi risiko operasional yang operational risk mitigation procedures that
meliputi prosedur pengendalian, prosedur include control procedures, transaction
penyelesaian transaksi, prosedur akuntansi, settlement procedures, accounting
prosedur penyimpanan aset dan kustodian, procedures, asset storage procedures and
prosedur penyediaan produk dan prosedur custodians, product supply procedures and
pencegahan fraud. fraud prevention procedures.
Salah satu perangkat yang digunakan untuk One of the tools used to perform risk management
melakukan pengelolaan risiko operasional di BNI at BNI is PERISKOP (Perangkat Risiko
adalah PERISKOP (Perangkat Risiko Operasional). Operasional). Periskop consists of three (3) main
PERISKOP terdiri dari tiga (3) modul utama, yaitu: modules:
• Modul Self Assessment, merupakan salah satu • Self Assessment Module, is a methodology to
metode yang digunakan untuk mendeteksi detect the possibility that an operational risk
kemungkinan terjadinya risiko operasional di has occurred. This method is a self-
suatu unit. Metode ini terdiri dari serangkaian assessment process conducted by every risk
kegiatan penilaian yang dilakukan sendiri (self owner independently in identifying, assessing,
assessment) oleh setiap unit pemilik risiko controlling and monitoring operational risk in
(risk owner) secara independen dalam each unit. Self Assessment module should be
mengidentifikasi, menilai, mengontrol dan filed by all units, once every six-month; by
memantau risiko operasional yang terjadi di conducting an assessment of the existing risk
unitnya. Modul self assessment wajib diisi oleh issue frequency and impacts; and finding
segenap unit setiap 6 (enam) bulan sekali, solutions to mitigate emerging operational
dengan melakukan pengukuran terhadap risks and define the solutions.
frekuensi dan dampak setiap risk issue di
unitnya serta mencari penyebab risiko tersebut
timbul serta menentukan solusinya.
276
2020 Annual Report
Salah satu perangkat yang digunakan untuk One of the tools used to perform risk management
melakukan pengelolaan risiko operasional di BNI at BNI is PERISKOP (Perangkat Risiko
adalah PERISKOP (Perangkat Risiko Operasional). Operasional). Periskop consists of three (3) main
PERISKOP terdiri dari tiga (3) modul utama, yaitu: modules: (continued)
(lanjutan)
• Loss Event Database, merupakan sarana yang • The Loss Event Database is a system to
digunakan untuk mencatat setiap peristiwa identify and record every operational risk that
risiko operasional yang menimbulkan dampak causes direct financial impact. Each time the
finansial yang meliputi actual loss dan near risk owner unit experience financial loss from
miss secara langsung. Setiap kali unit pemilik operational risk, the unit should record it in the
risiko (risk owner) mengalami kerugian risiko Lost Event Database module. The module will
operasional, maka unit tersebut harus generate information such as type of risk,
melakukan input dalam modul Loss Event cause of risk, location where the risk emerge
Database tersebut. Dari modul ini akan and the amount of risk or legal obligation and
diketahui tipe risiko yang terjadi, penyebab the recovery (if any). This system is very
kejadian tersebut, lokasi (lini bisnis) tempat important to monitor operational risk exposure
terjadinya risiko serta besarnya (amount) risiko and profile in an orderly manner. The data
yang terjadi atau liabilitas hukum yang terjadi gathered from the Loss Event Database will
serta pengembalian kerugian (recovery). become the main input when the Bank applies
Sarana ini sangat penting untuk memonitor standardize approaches to measure its
profil risiko operasional secara teratur. Data minimum operational risk capital adequacy
yang diperoleh dari Loss Event Database ratio, that will be implemented at 1 January
(LED) merupakan input data utama dalam 2023 based on SEOJK Number 6/SEOJK.03/
penerapan metode pendekatan standar 2020.
(Standardize Approach) yang akan diterapkan
mulai 1 Januari 2023 berdasarkan SEOJK
Nomor 6/SEOJK.03/ 2020 tentang Perhitungan
Aset Tertimbang Menurut Risiko untuk Risiko
Operasional dengan Menggunakan
Pendekatan Standar Bagi Bank Umum.
• Key Risk Indicator, merupakan serangkaian • Key Risk Indicators, is a series of parameters
parameter yang ditetapkan untuk established to identify main potential loss from
mengidentifikasi potensi kerugian risiko operational risk, that potentially disrupts the
operasional yang utama/ dominan, yang achievement of Key Performance Indicators
berpotensi mengganggu pencapaian Key (KPI) before it happens. The module will give a
Performance Indicator (KPI) unit kerja, warning/alert when the exposure exceeds a
sebelum peristiwa risiko operasional tersebut predetermined range/threshold that has been
terjadi. Perangkat tersebut akan memberikan set and requires follow up from unit’s
warning/alert jika nilainya sudah di luar range/ management to overcome the problems.
threshold yang ditetapkan sebelumnya (early
warning signal) yang menuntut adanya tindak
lanjut manajemen unit untuk mengatasi
permasalahan tersebut.
Selain PERISKOP, BNI saat ini telah memiliki In addition to PERISKOP, BNI has Operational
rekening Beban Risiko Operasional (BRO) serta Risk Expense (Beban Risiko Operasional (BRO))
Recovery BRO, yang digunakan untuk and BRO Recovery accounts, which will be used to
membukukan kerugian atau recovery yang record losses or recoveries caused by operational
disebabkan oleh risiko operasional. Setiap bulan risks. To mitigate the operational risk, BRO account
dilakukan monitoring terhadap rekening BRO dan and recovery will be monitored monthly.
Recovery BRO ini guna mitigasi risiko operasional.
277
2020 Annual Report
Terkait dengan kelangsungan usaha bila terjadi Regarding the business resilience when disaster
kondisi disaster (bencana), BNI juga sudah occurs, BNI has Business Continuity Management
mempunyai kebijakan Business Continuity (BCM) policies, which is a formal mechanism which
Management (BCM), yaitu suatu mekanisme formal combined strategies, policies, procedures and
yang merupakan kombinasi antara strategi, organizations developed to ensure operational
kebijakan, prosedur, dan organisasi yang continuity of critical functions under certain levels of
dikembangkan untuk memastikan kelangsungan services when a disturbance or disaster is
operasional dari fungsi-fungsi usaha yang kritikal encountered. This policy is applied for all business
pada tingkat layanan tertentu pada saat terjadi units in BNI for both domestic and overseas.
gangguan atau bencana. Kebijakan ini mencakup
semua unit usaha yang ada di BNI, baik di dalam
negeri maupun diluar negeri.
BNI memiliki infrastruktur yang dibutuhkan dalam BNI has the infrastucture needed to implement
implementasi BCM seperti Disaster Recovery BCM such as Disaster Recovery Center (DRC),
Center (DRC), Dual Data Center (DDC), Lokasi Dual Data Center (DDC), BCM alternative building
Alternatif Gedung BCM dan Command Center. and Command Center. Regularly BNI performs a
Secara rutin BNI melakukan pengujian sistem dan system and application testing on critical
aplikasi pada divisi/unit kritikal setiap 6 (enam) Division/Unit every 6 (six) months, do a site visit
bulan sekali, melakukan site visit dan simulasi pada and simulation to the branch and region to ensure
cabang dan wilayah guna memastikan kesiapan the disaster readiness.
menghadapi bencana.
53. NILAI WAJAR ASET DAN LIABILITAS 53. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN LIABILITIES
Tabel berikut menyajikan perbandingan antara nilai The next table summarises the comparison
tercatat dan nilai wajar dari semua aset dan between the carrying amounts and fair values of all
liabilitas keuangan disajikan per kategori dari financial assets and liabilities presented per
instrumen keuangan. Nilai wajar yang diungkapkan category of financial instruments. The fair values
adalah berdasarkan informasi relevan yang disclosed are based on relevant information
tersedia pada tanggal 31 Desember 2020 dan available as of 31 December 2020 and
2019, dan tidak diperbaharui untuk mencerminkan 2019, and not updated to reflect changes in market
perubahan dalam kondisi pasar yang telah terjadi conditions which have occurred after this date.
setelah tanggal ini.
31 Desember 2020/
31 December 2020
Nilai tercatat/ Nilai wajar/
Carrying value Fair Value
Aset Keuangan Financial Assets
Kas 17,324,047 17,324,047 Cash
laba rugi profit or loss
Tagihan derivatif 1,460,614 1,460,614 Derivatives receivable
11,978,041 11,978,041
Nilai wajar melalui penghasilan Fair value through
komprehensif lain other comprehensive income
74,616,925 74,616,925
278
2020 Annual Report
KEUANGAN (lanjutan) LIABILITIES (continued)
31 Desember 2020/
31 December 2020
Aset Keuangan (lanjutan) Financial Assets (continued)

Wesel ekspor dan Bills and
tagihan lainnya 17,893,534 17,893,534 other receivables
bank lain 16,107,788 16,107,788 other banks
Penempatan pada bank Placements with other banks
lain dan Bank Indonesia 61,329,259 61,329,259 and Bank Indonesia
Efek-efek yang
dibeli dengan janji 8,666,091 8,666,091 Securities purchased under
dijual kembali agreement to resell
747,813,095 750,142,840
Total 851,732,108 854,061,853 Total
Liabilitas keuangan Financial liabilities

Liabilitas keuangan lainnya Other financial liabilities

Liabilitas segera 5,560,702 5,560,702 Obligation due immediately
Tabungan 223,685,679 223,685,679 Savings account
Pinjaman pasar uang
antar bank 2,654,735 2,654,735 Inter-bank call money
Deposito berjangka 1,927,421 1,927,421 Time deposit
Negotiable Certificate of Negotiable Certificate of
Deposit 373,453 373,453 Deposit
Simpanan lainnya 1,674,602 1,674,602 Other deposits
janji dibeli kembali 2,590,268 2,590,268 agreements to repurchase
Liabilitas akseptasi 5,500,360 5,500,360 Acceptance payables
Liabilitas lain-lain**) 14,897,169 14,897,169 Other liabilities**)
732,342,574 732,472,763
Total 732,756,854 732,887,043 Total
279
2020 Annual Report
31 Desember 2019/
31 December 2019
Kas 15,361,703 15,361,703 Cash

Tagihan derivatif 312,266 312,266 Derivative receivables
12,284,956 12,284,956

73,342,223 73,342,223

23,398,961 24,559,627
Total 124,387,843 125,548,509 Total
Pinjaman dan piutang Loans and receivables

Wesel ekspor dan Bills and
tagihan lainnya 19,207,603 19,207,603 other receivables
bank lain 14,962,793 14,962,793 other banks
Penempatan pada bank Placements with other banks
lain dan Bank Indonesia 47,776,809 47,776,809 and Bank Indonesia
Efek-efek
yang dibeli dengan janji Securities purchased under
dijual kembali 411,442 411,442 agreement to resell
687,459,841 687,459,841
Total 811,847,684 813,008,350 Total
Liabilitas keuangan Financial liabilities

Liabilitas keuangan lainnya Other financial liabilities

Liabilitas segera 5,272,805 5,272,805 Obligation due immediately
Tabungan 191,390,028 191,390,028 Savings account
280
2020 Annual Report
31 Desember 2019/
31 December 2019
Liabilitas keuangan lainnya (lanjutan) Other financial liabilities (continued)

Pinjaman pasar uang
antar bank 3,805,475 3,805,475 Inter-bank call money
Deposito berjangka 875,039 875,039 Time deposit
Negotiable Certificate of Negotiable Certificate of
Deposit 3,100,726 3,100,726 Deposit
janji dibeli kembali 2,183,403 2,183,403 agreements to repurchase
Liabilitas lain-lain**) 12,550,196 12,550,196 Other liabilities**)
679,793,262 679,842,560
Total 679,996,316 680,045,614 Total
*) Aset lain-lain - neto terdiri dari piutang bunga, piutang terkait transaksi ATM *) Other assets - net consist of interest receivables, receivables from transactions
dan kartu kredit, dan piutang lain-lain. related to ATM and credit card, and other receivables.
**) Liabilitas lain-lain terdiri dari utang ke pemegang polis, setoran jaminan, **) Other liabilities consist of obligation to policy holders, guarantee deposits, unsettled
rekening dalam penyelesaian, utang reasuransi dan komisi, serta utang account, reinsurance payable and commission, and payable to customers -
nasabah - Entitas Anak. Subsidiary.
Bank menggunakan hirarki berikut untuk The Bank adopts the following hierarchy for
menentukan dan mengungkapkan nilai wajar dari determining and disclosing the fair value of
instrumen keuangan: financial instruments:
(i) Tingkat 1: Harga dikutip (tidak disesuaikan) dari (i) Level 1: Quoted prices in active market for the
pasar yang aktif untuk aset atau liabilitas same/identical financial asset or liability;
keuangan yang identik;
(ii) Tingkat 2: Input selain harga yang dikutip dari (ii) Level 2: Inputs other than quoted market prices
pasar yang disertakan pada Tingkat 1 yang included in Level 1 that are observable for the
dapat diobservasi untuk aset dan liabilitas financial asset or liability, either directly (as a
keuangan, baik secara langsung (yaitu sebagai price) or indirectly (as derived from price);
sebuah harga) atau secara tidak langsung
(yaitu sebagai turunan dari harga);
(iii) Tingkat 3: input untuk aset atau liabilitas (iii) Level 3: Inputs for the financial assets or liability
keuangan yang tidak didasarkan pada data that are not based on observable market data
pasar yang dapat diobservasi (informasi yang (unobservable information).
tidak dapat diobservasi).
281
2020 Annual Report
Tabel di bawah ini menunjukkan instrumen The table below shows the financial instruments
keuangan yang diukur pada nilai wajar yang measured at fair value grouped according to the
dikelompokkan berdasarkan hirarki nilai wajar: fair value hierarchy:
31 Desember 2020/
31 December 2020
Nilai wajar/Fair value
Nilai tercatat/ Tingkat/ Tingkat/ Tingkat/

Carrying value Level 1 Level 2 Level 3

Efek-efek 7,211,758 - 7,211,758 - Marketable securities
Obligasi Pemerintah 3,022,844 3,022,844 - - Government Bonds
Tagihan derivatif 1,460,614 - 1,460,614 - Derivative receivables
Penyertaan saham 282,825 - - 282,825 Equity investments
11,978,041 3,022,844 8,672,372 282,825
Nilai wajar melalui Fair value through other

penghasilan comprehensive income
komprehensif lain
Obligasi Pemerintah 58,672,320 8,949,483 49,722,837 - Government Bonds
Penyertaan saham 530,262 37,342 - 492,920 Equity investments
74,616,925 8,986,825 65,135,180 492,920
Biaya perolehan
diamortisasi Amortized cost
Efek-efek 7,060,496 7,062,796 - - Marketable securities
36,026,453 38,441,879 - -
Pinjaman yang diberikan 541,978,801 - 529,021,750 12,957,051 Loans

Aset tetap 21,976,243 - 21,976,243 - Fixed Assets
Total 686,576,463 50,451,548 624,805,545 13,732,796 Total
Liabilitas Keuangan Financial Liabilities

Liabilitas derivatif 414,280 - 414,280 - Derivatives payable
Total 414,280 - 414,280 - Total
282
2020 Annual Report
Tabel di bawah ini menunjukkan instrumen The table below show the financial instruments
keuangan yang diukur pada nilai wajar yang measured at fair value grouped according to the
dikelompokkan berdasarkan hirarki nilai wajar: fair value hierarchy: (continued)
(lanjutan)
31 Desember 2019/
31 December 2019
Nilai wajar/Fair value
Nilai tercatat/ Tingkat/ Tingkat/ Tingkat/

Carrying value Level 1 Level 2 Level 3

Tagihan derivatif 312,266 - 312,266 - Derivative receivables
12,284,956 3,326,715 8,958,241 -

Efek-efek 17,103,851 13,026,541 4,077,310 - Marketable securities
Obligasi Pemerintah 55,715,269 49,245,113 6,470,156 - Government Bonds
Penyertaan saham 260,669 - - 260,669 Equity investments
73,079,789 62,271,654 10,547,466 260,669
Dimiliki hingga jatuh tempo Hold to maturity

Efek-efek 1,411,925 1,420,045 - - Marketable securities
23,398,961 24,559,627 - -
Pinjaman yang diberikan 539,862,076 - 512,104,864 27,757,212 Loans

Aset tetap 21,448,199 - 21,448,199 - Fixed Assets
Total 670,073,981 90,157,996 553,058,770 28,017,881 Total
Liabilitas Keuangan Financial Liabilities

Liabilitas derivatif 203,054 - 203,054 - Derivative payables
Total 203,054 - 203,054 - Total
283
2020 Annual Report
Tidak terdapat perpindahan antara tingkat 1 dan There is no transfer between level 1 and level 2 of
tingkat 2 hirarki nilai wajar. the fair value hierarchy.
Nilai wajar instrumen keuangan yang The fair value of financial instruments traded in an
diperdagangkan dalam pasar aktif (contohnya surat active market (i.e. measured and available-for-sale
berharga yang diukur dan tersedia untuk dijual), securities), is based on quoted market price at
ditentukan dengan berdasarkan harga pasar yang reporting date. A market is regarded as active if
dikutip pada tanggal pelaporan. Suatu pasar quoted prices are readily and regularly available
dianggap aktif apabila informasi mengenai harga from exchange, dealer or broker, industry group
kuotasian dapat diakses dengan mudah dan pricing service or regulatory agency, and those
tersedia secara berkala dari suatu bursa, pedagang prices represent actual and regularly occuring
efek, broker, kelompok penilai harga pasar industri market transaction on an arm’s length basis. The
tertentu, regulator dan harga tersebut quoted market price used for financial asset held
mencerminkan transaksi pasar yang aktual dan by group is bid price. These instruments are
regular pada tingkat yang wajar. Harga pasar included in Level 1. Instruments included in Level 1
dikutip untuk aset keuangan yang dimiliki Grup comprise primarily of securities classified as fair
adalah harga penawaran (bid price). Instrumen- value through profit or loss and fair value through
instrumen tersebut digolongkan dalam Tingkat 1. other comprehensive income.
Instrumen yang termasuk dalam Tingkat 1
umumnya meliputi investasi yang diklasifikasikan
sebagai surat berharga yang diukur pada nilai
wajar melalui laba rugi dan yang diukur pada nilai
wajar melalui penghasilan komprehensif lain.
Nilai wajar instrumen keuangan yang tidak The fair value of financial instruments that are not
diperdagangkan di pasar aktif (contohnya derivatif traded in an active market (i.e over-the-counter
over-the-counter) ditentukan dengan teknik derivatives) is determined by using valuation
penilaian. Teknik-teknik penilaian tersebut techniques. These valuation techniques maximise
menggunakan data pasar yang dapat diobservasi the use of observable market data where it is
dan sedapat mungkin meminimalisir penggunaan available and rely as little as possible on entity’s
estimasi spesifik dari entitas. Apabila seluruh input specific estimates. If all significant inputs required
yang dibutuhkan untuk menentukan nilai wajar for the fair value of an instrument are observable,
instrumen keuangan dapat diobservasi, maka the instrument is included in Level 2. Otherwise, if
instrumen keuangan tersebut dikategorikan dalam one or more of the significant inputs is not based
Tingkat 2. Sebaliknya, jika salah satu atau lebih on observable market data, the instrument is
data tidak didasarkan pada data pasar yang dapat included in Level 3.
diobservasi, instrumen ini termasuk dalam Tingkat
3.
Teknik penilaian spesisfik yang digunakan untuk Specific valuation techniques used to value
melakukan penilaian pada instrumen keuangan, financial instruments include:
antara lain:
• Harga yang dikutip dari pasar atau pedagang • Quoted market prices or dealer quotes for
efek instrumen serupa similar instruments
• Nilai wajar dari swap tingkat suku bunga yang • Fair value of interest rate swap is calculated as
diperhitungkan sebagai nilai kini dari estimasi the present value of estimated future cashflow
arus kas masa datang berdasarkan kurva based on observable yield curves
imbal hasil yang dapat diobservasi • Fair value of foreign exchange contracts is
• Nilai wajar dari kontrak berjangka valuta asing determined using forward exchange rates at
yang ditentukan berdasarkan kurs berjangka reporting date,and
pada tanggal pelaporan keuangan, dan
• Teknik-teknik lainnya, seperti analisis arus kas • Other techniques, such as discounted cash
diskontoan yang digunakan untuk menentukan flow analysis, are used to determine fair value
nilai wajar instrumen keuangan lainnya for other financial instruments
284
2020 Annual Report
(i) Giro pada Bank Indonesia, giro pada bank lain, (i) Current accounts with Bank Indonesia, current
penempatan pada bank lain dan Bank accounts with other banks, placements with
Indonesia, efek-efek, wesel ekspor dan tagihan other banks and Bank Indonesia, marketable
lainnya, efek-efek yang dibeli dengan janji securities, bills and other receivables, equity
dijual kembali, penyertaan saham, tagihan investments, acceptance receivables, securities
akseptasi dan aset lain-lain. purchases under agreements to resell and
other assets.
Indonesia merupakan penanaman dana dalam Indonesia represent placements in the form of
bentuk Deposit Facility, Term Deposit, Deposit Bank Indonesia Deposit Facility, Term Deposit,
Facility Syariah, call money, penempatan “fixed Sharia Deposit Facility, call money, “fixed-term”
term”, deposito berjangka dan lain-lain. placements, time deposits and others.
Estimasi nilai wajar penyertaan saham The fair value for equity investment are based
ditetapkan berdasarkan harga pasar atau on the market prices or broker/dealer price
harga kuotasi perantara (broker). Jika quotations. When this information is not
informasi ini tidak tersedia, nilai wajar available, the fair value is estimated using
diestimasi dengan menggunakan harga pasar quoted market prices for securities with similar
kuotasian yang serupa atau dinilai dengan characteristics or using valuation model.
menggunakan metode penilaian.
Nilai tercatat dari kas dan setara kas, serta The carrying amount of cash and cash
penempatan dengan suku bunga equivalents, as well as placements with floating
mengambang adalah perkiraan yang layak rates are a reasonable approximation of fair
atas nilai wajar. value.
Estimasi nilai wajar terhadap penempatan The estimated fair values of fixed interest
dengan suku bunga tetap, efek-efek, wesel bearing placements, marketable securities, bills
ekspor dan tagihan lainnya, tagihan akseptasi and other receivables, acceptance receivables
dan aset lain-lain ditetapkan berdasarkan and other assets were based on discounted
diskonto arus kas dengan menggunakan suku cash flows using prevailing money market
bunga pasar uang yang berlaku untuk utang interest rates for debts with similar credit risk
dengan risiko kredit dan sisa jatuh tempo yang and remaining maturity. Since the maturity is
serupa. Karena sisa jatuh tempo di bawah satu below one year, the carrying amounts of fixed
tahun sehingga nilai tercatat dari penempatan rate placements, bills and other receivables,
dengan suku bunga tetap, wesel ekspor, acceptance receivables, securities purchased
tagihan lainnya, efek-efek yang dibeli dengan under agreements to resell and other assets
janji untuk dijual kembali, tagihan akseptasi were a reasonable approximation of their fair
dan aset lain-lain adalah perkiraan yang layak value.
atas nilai wajar.
(ii) Pinjaman yang diberikan (ii) Loans
Portofolio kredit Bank secara umum terdiri dari Generally, the Bank’s portfolio consists of
pinjaman yang diberikan dengan suku bunga loans with floating interest rate and short-term
mengambang dan pinjaman yang diberikan loans with fixed interest rate. Loans are stated
jangka pendek dengan suku bunga tetap. at amortized cost. The estimated fair value of
Pinjaman yang diberikan dinyatakan loans represents the discounted amount of
berdasarkan amortized cost. Nilai wajar dari estimated future cash flows expected to be
pinjaman yang diberikan menunjukkan nilai received by the Bank using the current market
diskon dari perkiraan arus kas masa depan rates.
yang diharapkan akan diterima oleh Bank
dengan menggunakan suku bunga pasar saat
ini.
Nilai tercatat dari pinjaman yang diberikan The carrying amount of floating rate loans and
dengan suku bunga mengambang dan nilai short-term fixed rate loans are the reasonable
tercatat atas pinjaman jangka pendek dengan approximation of their fair values.
suku bunga tetap adalah perkiraan yang layak
atas nilai wajar.
285
2020 Annual Report
(iii) Liabilitas segera, simpanan nasabah dan (iii) Obligations due immediately, deposits from
simpanan dari bank lain, liabilitas akseptasi customers and deposits from other banks,
dan liabilitas lain-lain acceptance payables and other liabilities
Estimasi nilai wajar liabilitas segera, simpanan The estimated fair value of obligations due
tanpa jatuh tempo, termasuk simpanan tanpa immediately, deposits with no stated maturity,
bunga adalah sebesar jumlah yang harus which include non-interest bearing deposits,
dibayarkan kembali sewaktu-waktu. are the amounts repayable on demand.
Estimasi nilai wajar terhadap simpanan The estimated fair values of fixed interest-
dengan tingkat suku bunga tetap dan liabilitas bearing deposits and acceptance payables are
akseptasi ditetapkan berdasarkan diskonto based on discounted cash flows using interest
arus kas dengan menggunakan suku bunga rates for new debts with similar remaining
utang baru dengan sisa jatuh tempo yang maturity. Since the maturity is below one year,
serupa. Karena sisa jatuh tempo dibawah satu the carrying amounts of fixed rate deposits,
tahun sehingga nilai tercatat dari simpanan acceptance payables and other liabilities are
dengan suku bunga tetap, liabilitas akseptasi the reasonable approximation of their fair
dan liabilitas lain-lain adalah perkiraan yang values.
layak atas nilai wajar.
(iv) Efek-efek dan Obligasi Pemerintah (iv) Marketable securities and Government Bonds
Nilai wajar untuk efek-efek dan Obligasi The fair value for amortized cost marketable
Pemerintah yang dimiliki hingga jatuh tempo securities and Government Bonds are based
ditetapkan berdasarkan harga pasar atau on the market prices or broker/dealer price
harga kuotasi perantara (broker)/pedagang quotations. When this information is not
efek (dealer). Jika informasi ini tidak tersedia, available, the fair value is estimated using
nilai wajar diestimasi dengan menggunakan quoted market prices for securities with similar
harga pasar kuotasi efek yang memiliki credit, maturity and yield characteristics or
karakteristik kredit, jatuh tempo dan yield yang using internal valuation model.
serupa atau dinilai dengan menggunakan
metode penilaian.
(v) Efek-efek yang diterbitkan, pinjaman yang (v) Securities issued, borrowings, securities sold
diterima, dan efek-efek yang dijual dengan under agreements to repurchase and
janji dibeli kembali dan efek-efek subordinasi. subordinated securities.
Nilai wajar agregat berdasarkan model Their aggregate fair values are based on
diskonto arus kas menggunakan kurva yield discounted cash flow model using current yield
terkini yang tepat untuk sisa periode jatuh curve appropriate for the remaining term to
temponya. maturity.
54. MANAJEMEN MODAL 54. CAPITAL MANAGEMENT
Tujuan manajemen permodalan Bank adalah untuk The Bank’s capital management objective is to
mempertahankan posisi modal yang kuat untuk maintain a strong capital position to support
mendukung pertumbuhan bisnis dan business growth and to sustain investor, depositor,
mempertahankan investor, deposan, pelanggan customer and market confidence. In managing its
dan kepercayaan pasar. Dalam pengelolaan capital, the Bank considers factors such as:
permodalan, Bank mempertimbangkan faktor-faktor providing optimal capital rate of return to
seperti: pengembalian modal yang optimal pada shareholders and maintaining a balance between
pemegang saham, menjaga keseimbangan antara high return gearing ratio and safety provided by a
keuntungan yang lebih tinggi dengan gearing ratio sound capital position.
serta keamanan yang diberikan oleh posisi modal
yang sehat.
286
2020 Annual Report
54. MANAJEMEN MODAL (lanjutan) 54. CAPITAL MANAGEMENT (continued)
Pada tanggal 31 Desember 2020 dan 2019, Bank As of 31 December 2020 and 2019, the Bank has
telah memenuhi semua persyaratan modal yang complied with all capital requirements.
diwajibkan.
Rasio Liabilitas Penyediaan Modal Minimum Capital Adequacy Ratio
Rasio Liabilitas Penyediaan Modal Minimum The Capital Adequacy Ratio (CAR) is the ratio of
(Capital Adequacy Ratio (CAR)) adalah rasio modal the Bank’s capital over its Risk - Weighted Assets
terhadap aset tertimbang menurut risiko (Risk - (RWA). Based on Bank Indonesia regulations, the
Weighted Assets (RWA)). Berdasarkan peraturan total capital for credit risk consists of core capital
Bank Indonesia, jumlah modal untuk risiko kredit (Tier I) and supplementary capital (Tier II) less
terdiri dari Modal Inti ("Tier I") dan Modal investments in Subsidiaries. In accordance with
Pelengkap ("Tier II") dikurangi penyertaan pada OJK Regulation No. 11/POJK.03/2016 and OJK
Entitas Anak. Sesuai dengan Peraturan OJK No. Regulation No. 34/POJK.03/2016 concerning the
11/POJK.03/2016 dan Peraturan OJK No. Minimum Capital Requirement for Commercial
34/POJK.03/2016 tentang Kewajiban Penyediaan Banks and OJK Circular Letter
Modal Minimum Bank Umum dan Surat Edaran No.9/SEOJK.03/2020 on Transparency and
OJK No.9/SEOJK.03/2020 tentang Transparansi Publication Conventional Commercial Bank Report,
dan Publikasi Laporan Bank Umum Konvensional, since the end of the month of September 2016,
sejak akhir bulan September 2016, Cadangan Specific Reserves can no longer be taken into
Tujuan tidak dapat lagi diperhitungkan sebagai account as a component of Capital Bank.
komponen Modal Bank.
Rasio Kecukupan Modal (hanya BNI) pada tanggal- The CAR of BNI (BNI only) as of 31 December
tanggal 31 Desember 2020 dan 2019 adalah 2020 and 2019 is as follows:
sebagai berikut:
2020 2019
BNI - tanpa memperhitungkan BNI - without considering

risiko pasar market risk
Aset Tertimbang Menurut Risiko 528,899,296 519,094,959 Risk Weighted Assets
Total Modal 103,145,466 118,095,752 Total Capital
Rasio Liabilitas Penyediaan
Modal Minimum BNI 19.50% 22.75% Capital Adequacy Ratio
Modal Minimum yang Minimum Capital Adequacy Ratio
diwajibkan oleh Bank Indonesia 9.95% 9.95% required by Bank Indonesia
BNI - dengan memperhitungkan BNI - considering

risiko pasar dan kredit market and credit risks
287
2020 Annual Report
54. MANAJEMEN MODAL (lanjutan) 54. CAPITAL MANAGEMENT (continued)
Rasio Liabilitas Penyediaan Modal Minimum Capital Adequacy Ratio (continued)

(lanjutan)
2020 2019
BNI - dengan memperhitungkan BNI - considering

risiko operasional, mulai berlaku operational risk, effective
sejak 1 Januari 2010 since 1 January 2010
55. AKTIVITAS JASA LAINNYA 55. OTHER ACTIVITIES
BNI menyediakan jasa kustodi, trustee, BNI provides custodian, trustee, investment
pengelolaan investasi dan reksadana kepada management and mutual fund services to third
pihak-pihak ketiga. Aset yang terdapat dalam parties. Assets that are held in other activities are
aktivitas jasa lainnya tidak termasuk dalam laporan not included in these consolidated financial
keuangan konsolidasian ini. Jumlah komisi yang statements. Total fees received from these
diterima dari pemberian jasa ini adalah masing- services amounted to Rp79,687 and Rp93,205 for
masing sebesar Rp79.687 dan Rp93.205 untuk years ended 31 December 2020 and 2019,
tahun yang berakhir pada tanggal-tanggal respectively.
31 Desember 2020 dan 2019.
Kegiatan Jasa Kustodian Custodian Services
Jasa Kustodian BNI mendapat izin operasi oleh BNI Custodian Services has obtained an operating
Bapepam dan LK berdasarkan Surat license based on the Decision Letter of Bapepam
Keputusan No. KEP-162/PM/1991 tertanggal and LK No. KEP-162/PM/1991 dated 9 December
9 Desember 1991. Kustodian BNI merupakan 1991. BNI’s Custodian Department, which is part of
bagian dari Divisi Operasional, dimana jasa-jasa the Operational Division, provides a full range of
yang ditawarkan adalah sebagai berikut: custodian services such as:
a. Penyimpanan (safekeeping) dan administrasi a. Safekeeping and administration of marketable

(administration) atas efek-efek maupun securities and other valuable assets;
dokumen berharga lainnya;
b. Penyelesaian transaksi (settlement) jual dan b. Settlement and handling services for script and
beli efek berbentuk warkat (script) maupun scriptless trading transactions;
tanpa warkat (scriptless);
c. Pengurusan hak-hak nasabah atas c. Corporate action services related to the rights
kepemilikan efek-efek yang disimpan sehingga of the marketable securities;
hak tersebut efektif di rekening nasabah
(corporate action);
d. Perwalian (proxy) pada Rapat Umum d. Proxy services for its customers’ shareholder
Pemegang Saham dan Rapat Umum meetings and bond holder meetings;
Pemegang Obligasi;
e. Penyampaian laporan (reporting) dan e. Generate reports and information regarding
informasi (information) yang terkait dengan customers’ marketable securities which are
efek-efek dan/atau dokumen berharga milik kept and administered by BNI’s custodian
nasabah yang disimpan dan diadministrasikan department.
oleh Kustodian BNI.
288
2020 Annual Report
55. AKTIVITAS JASA LAINNYA (lanjutan) 55. OTHER ACTIVITIES (continued)
Kegiatan Jasa Kustodian (lanjutan) Custodian Services (continued)
Untuk memenuhi kebutuhan investor dalam In order to fulfill the investors’ needs in investing in
melakukan investasi pada berbagai instrumen efek- various marketable securities and instruments,
efek, Kustodian BNI memfasilitasinya dengan BNI’s Custodian Operations facilitates various
menyediakan beragam layanan: services as follows:
a. Kustodian umum untuk melayani investor yang a. General custodian which provides services to
melakukan investasi pada instrumen pasar investors investing in capital markets or money
modal dan pasar uang di Indonesia; markets in Indonesia;
b. Sub-Registry untuk melayani investor yang b. Sub-Registry service provider for settlement
melakukan transaksi dan investasi pada Surat of Government Debenture Debt (SUN - either
Utang Negara (SUN - Obligasi Pemerintah Government Bonds or Surat Perbendaharaan
atau Surat Perbendaharaan Negara) serta Negara) and SBI transactions;
Sertifikat Bank Indonesia (SBI);
c. Kustodian reksadana (mutual fund) dan c. Custodian for mutual funds and discretionary
kontrak pengelolaan dana (discretionary fund) funds issued and managed by investment
yang diterbitkan dan dikelola oleh manajer manager;
investasi;
d. Kustodian Euroclear bagi nasabah yang akan d. Euroclear Custodian for customer who is
melakukan investasi dan penyelesaian conducting investment and settlement of
transaksi efek-efek yang tercatat di Euroclear securities transactions listed in Euroclear
Operations Centre, Brussels. Kustodian BNI Operations Center, Brussels. BNI Custodian is
merupakan anggota langsung dari Euroclear. a direct member of Euroclear.
Pada tanggal-tanggal 31 Desember 2020 dan As of 31 December 2020 and 2019, BNI’s
2019, Kustodian BNI memiliki 144 nasabah dan custodian operations has 144 customers and 156
156 nasabah (tidak diaudit). Nasabah utama terdiri customers (unaudited), respectively. The
dari dana pensiun, perusahaan asuransi, bank, customers are primarily pension funds, insurance
yayasan, perusahaan sekuritas, reksadana, companies, banks, foundations, securities
institusi/badan hukum lain dan perseorangan. Nilai companies, mutual funds, other institutions/legal
portofolio yang disimpan pada tanggal entities and individual customers with a total
31 Desember 2020 dan 2019 adalah masing- portfolio value as of 31 December 2020 and 2019
masing sebesar Rp262.828.942 dan of Rp262,828,942 and Rp234,990,996,
Rp234.990.996. respectively.
BNI mengasuransikan portofolio nasabah yang BNI carries insurance on custodian services
disimpan di Kustodian terhadap kemungkinan against potential losses from safekeeping and
kerugian yang timbul dari penyimpanan dan transit of securities in accordance with OJK,
pemindahan efek-efek sesuai dengan ketentuan previously Bapepam and LK regulation.
OJK, dahulu Bapepam dan LK.
289
2020 Annual Report
55. AKTIVITAS JASA LAINNYA (lanjutan) 55. OTHER ACTIVITIES (continued)
Kegiatan Wali Amanat Trust Operations
BNI mendapat izin operasi untuk kegiatan wali BNI has obtained the operating license for trustee
amanat berdasarkan Surat Keputusan services based on Decision Letter of Capital
No. 01/STTD-WA/PM/1996 tertanggal 27 Maret Market and Financial Institutions Supervisory
1996. Jasa-jasa yang ditawarkan oleh wali amanat Agency No. 01/STTD-WA/PM/1996 dated
adalah sebagai berikut: 27 March 1996. The Trustee Services Business
(TSB) provides a full range of the following
services:
a. Jasa Wali Amanat untuk obligasi dan medium- a. Trustee for bond and medium-term notes
term notes (MTN) (MTN)
b. Jasa Agen Pengelola Rekening Penampungan b. Escrow Account Agent
c. Jasa Agen Pembayaran c. Paying Agent
d. Jasa Penampungan Dana IPO d. Initial Public Offering / IPO Receiving Bank
e. Jasa Agen Penjaminan e. Security Agent
BNI selaku Wali Amanat telah mengelola 78 emisi BNI as a Trustee, has 78 bonds and MTN issued
dengan nilai emisi (obligasi dan MTN) sebesar amounting to Rp40,526,414 as of 31 December
Rp40.526.414 pada tanggal 31 Desember 2020 2020 and 134 trusteeship arrangements with the
dan 134 emisi dengan nilai emisi (obligasi dan total value of bonds and MTN issued amounting to
MTN) sebesar Rp60.566.500 pada tanggal Rp60,566,500 as of 31 December 2019
31 Desember 2019 (tidak diaudit). (unaudited).
56. RENCANA BARANG MODAL 56. CAPITAL EXPENDITURE COMMITMENTS
BNI memiliki komitmen barang modal terkait BNI has capital expenditure plans in relation to the
dengan pembangunan gedung kantor cabang serta construction of branch offices and procurement of
pengadaan perlengkapan komputer dan ATM computer equipment and ATMs amounting to
adalah sebesar Rp4.445.453 dan Rp2.180.678 Rp4,445,453 and Rp2,180,678 as of
masing-masing pada tanggal-tanggal 31 Desember 31 December 2020 and 2019 (unaudited),
2020 dan 2019 (tidak diaudit). respectively.
57. KREDIT KELOLAAN 57. CHANNELING LOANS
BNI mengelola dana yang langsung dikeluarkan BNI administers loans directly disbursed by the
oleh Pemerintah Republik Indonesia (didanai oleh Government of the Republic of Indonesia (financed
kreditur luar negeri) yang ditujukan kepada by overseas creditors) to the borrowers of certain
penerima pinjaman untuk keperluan pembiayaan specified projects. These borrowers are approved
proyek tertentu. Penerima pinjaman ini telah by the Government of the Republic of Indonesia.
disetujui oleh Pemerintah Republik Indonesia. Payments received by BNI from borrowers are
Pembayaran yang diterima oleh BNI dari penerima remitted back to the Government. BNI bears no
pinjaman dikembalikan lagi ke Pemerintah. BNI credit risk on these transactions. These loans are
tidak menanggung risiko kredit atas transaksi- not the assets of BNI and funds received from the
transaksi tersebut. Pinjaman tersebut bukan Government of Republic of Indonesia are not the
merupakan aset BNI dan dana yang diterima dari liabilities of BNI. These loans are not recognized in
Pemerintah Republik Indonesia bukan merupakan BNI’s consolidated financial statements. BNI
liabilitas BNI, pinjaman tersebut tidak dibukukan receives fees for administering the loans of 0.25%
dalam laporan keuangan konsolidasian BNI. BNI from the average of loans outstanding balance in
memperoleh pendapatan atas pengelolaan Rupiah and 0.15% of the average of loan
pinjaman tersebut sebesar 0,25% dari rata-rata outstanding balance in United States Dollar.
saldo baki debet pinjaman dalam mata uang
Rupiah dan 0,15% dari rata-rata saldo baki debet
pinjaman dalam mata uang Dolar Amerika Serikat.
290
2020 Annual Report
57. KREDIT KELOLAAN (lanjutan) 57. CHANNELING LOANS (continued)
Jumlah kredit yang dikelola oleh BNI atas nama Following is the outstanding loans balance
Pemerintah tersebut pada tanggal-tanggal administered by BNI on behalf of the Government
31 Desember 2020 dan 2019 adalah sebagai as of 31 December 2020 and 2019:
berikut:
2020 2019
Sektor Sector
Listrik, gas dan air 4,098 4,098 Electricity, gas and water
Pertanian 2,876 2,881 Agriculture
Pengangkutan, pergudangan Transportation, warehouse and
dan komunikasi 2,747 2,747 communications
Perdagangan, restoran dan hotel 2,271 2,271 Trading, restaurant and hotel
Jasa pelayanan sosial 1,876 1,876 Social services
Jasa dunia usaha 1,680 1,680 Business services
Perindustrian 1,125 1,128 Manufacturing
Konstruksi 6 6 Construction
58. TAMBAHAN INFORMASI ARUS KAS 58. SUPPLEMENTARY CASH FLOW INFORMATION
Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas konsolidasian activities in the consolidated cash flow statement
adalah sebagai berikut: are as follows:
1 Januari/ Arus kas/ Lain-lain/ 31 Desember 2020/

January 2020 Cash flow Others December 2020
Pinjaman yang diterima 57,235,500 (13,530,558) 409,372 44,114,314 Borrowings

janji dibeli kembali 2,183,403 507,305 (100,440) 2,590,268 agreements to repurchase
Efek-efek Subordinasi 99,965 - 10 99,975 Subordinated securities
Saham Tresuri - (79,449) - (79,449) Treasury shares
Pembayaran Liabilitas Sewa 1,226,719 (190,348) 233,705 1,270,076 Payment of Lease Liabilities
Total 60,745,587 (13,293,050) 542,647 47,995,184 Total
1 Januari/ Arus kas/ Lain-lain/ 31 Desember /

Pinjaman yang diterima 52,024,506 5,273,245 (62,251) 57,235,500 Borrowings
janji dibeli kembali 21,524,329 (20,010,573) 669,647 2,183,403 agreements to repurchase
Total 73,648,788 (14,737,328) 607,408 59,518,868 Total
291
2020 Annual Report
59. STANDAR AKUNTANSI KEUANGAN BARU 59. NEW FINANCIAL ACCOUNTING STANDARDS
YANG TELAH DISAHKAN NAMUN BELUM ISSUED BUT NOT YET EFFECTIVE
BERLAKU EFEKTIF
Standar akuntansi dan interpretasi yang telah The standards and interpretations that are issued
disahkan oleh Dewan Standar Akuntansi by the Board of Financial Accounting Standards,
Keuangan, tetapi belum berlaku efektif untuk but not yet effective for current year financial
laporan keuangan tahun berjalan diungkapkan di statements are disclosed below. The Company
bawah ini. Perusahaan bermaksud untuk intends to adopt these standards, if applicable,
menerapkan standar tersebut, jika dipandang when they become effective.
relevan, saat telah menjadi efektif.
Mulai efektif pada atau setelah 1 Januari 2021 Effective beginning on or after 1 January 2021
Amandemen PSAK No. 22: Definisi Bisnis, berlaku Amendments to SFAS No. 22: Definition of
efektif 1 Januari 2021 dan penerapan dini Business, effective from 1 January 2021 and early
diperkenankan. adoption is permitted.
Amandemen ini dikeluarkan untuk membantu These amendments were issued to help entities
entitas menentukan apakah serangkaian kegiatan determine whether an acquired set of activities and
dan aset yang diperoleh adalah bisnis atau tidak. assets is a business or not. They clarify the
Mereka mengklarifikasi persayaratan minimum minimum requirements for a business, remove the
untuk bisnis, menghapus penilaian apakah pelaku assessment of whether market participants are
pasar mampu mengganti elemen yang hilang, capable of replacing any missing elements, add
menambah panduan untuk membantu entitas guidance to help entities assess whether an
menilai apakah proses yang diperoleh adalah acquired process is substantive, narrow the
substantif, mempersempit definisi bisnis dan definitions of a business and of outputs, and
output, dan memperkenalkan uji konsentrasi nilai introduce an optional fair value concentration test.
wajar opsional. Contoh ilustratif baru diberikan New illustrative examples were provided along with
bersama dengan amandemen. the amendments.
Mulai efektif pada atau setelah 1 Januari 2025 Effective beginning on or after 1 January 2025
PSAK No. 74: Kontrak asuransi, yang diadopsi dari SFAS No. 74: Insurance contracts, adopted from
IFRS 17, berlaku efektif 1 Januari 2025, dengan IFRS 17, effective 1 January 2025, and early
penerapan dini diperkenankan untuk entitas yang adoption is permitted, but not before the entity
juga telah menerapkan PSAK No. 71 dan applies SFAS No. 71 and SFAS No. 72.
PSAK No. 72.
Ini adalah standar akuntansi baru yang This is a comprehensive new accounting standard
komprehensif untuk kontrak asuransi yang for insurance contracts covering recognition and
mencakup pengakuan dan pengukuran, presentasi, measurement, presentation and disclosure. Once
dan pengungkapan. Setelah efektif, PSAK No. 74 effective, SFAS No. 74 will replace SFAS No. 62
akan menggantikan PSAK No. 62 Kontrak Insurance Contracts. SFAS No. 74 applies to all
Asuransi. PSAK No. 74 berlaku untuk semua jenis types of insurance contracts (i.e., life, non-life
kontrak asuransi (yaitu, jiwa, non-jiwa, asuransi direct insurance and reinsurance), regardless of
langsung, dan asuransi ulang), terlepas dari jenis the type of entities that financial instruments with
entitas yang menerbitkannya, juga mengenai discretionary participation features.
jaminan dan instrumen keuangan tertentu dengan
fitur partisipasi tidak mengikat.
292
2020 Annual Report
59. STANDAR AKUNTANSI KEUANGAN BARU 59. NEW FINANCIAL ACCOUNTING STANDARDS
YANG TELAH DISAHKAN NAMUN BELUM ISSUED BUT NOT YET EFFECTIVE (continued)
BERLAKU EFEKTIF (lanjutan)
Beberapa pengecualian ruang lingkup akan A few scope exceptions will apply. The overall
berlaku. Tujuan keseluruhan PSAK No. 74 adalah objective of SFAS No. 74 is to provide an
untuk menyediakan model akuntansi untuk kontrak accounting model for insurance contracts that is
asuransi yang lebih bermanfaat dan konsisten more useful and consistent for insurers. In
untuk perusahaan asuransi. Berbeda dengan contracs to the requirement in SFAS No. 62, which
persyaratan dalam PSAK No. 62, yang sebagian are largely based on grandfathering previous local
besar didasarkan pada kebijakan akuntansi lokal accounting policies, IFRS No. 17 provides a
sebelumnya, IFRS No. 17 menyediakan model comprehensive model for insurance contracts,
komprehensif untuk kontrak asuransi, yang covering all relevant accounting aspects. The core
mencakup semua aspek akuntansi yang relevan. of IFRS No. 17 is the general model,
Inti dari IFRS No. 17 adalah model umum, supplemented by:
dilengkapi dengan:
• Adaptasi spesifik untuk kontrak dengan fitur
partisipasi langsung (pendekatan biaya • A specific adaption for contracts with direct
variabel). participation features (the variable direct
• Pendekatan yang disederhanakan (pendekatan participation features (the variable fee
alokasi premium) terutama untuk kontrak approach)
jangka pendek. • A simplified approach (the premium allocation
approach) mainly for short-duration contract.
Pada saat penerbitan laporan keuangan As at the authorisation date of this consolidated
konsolidasian, Grup masih mempelajari dampak financial statements, the Group is still evaluating
yang mungkin timbul dari penerapan standar baru the potential impact of these new and revised
dan revisi tersebut serta pengaruhnya pada standards to the Group’s consolidated financial
laporan keuangan konsolidasian Grup. statements.
60. KLASIFIKASI ASET DAN LIABILITAS 60. CLASSIFICATION OF ASSETS AND FINANCIAL
KEUANGAN PADA TANGGAL IMPLEMENTASI LIABILITIES IN THE EARLY IMPLEMENTATION
AWAL PSAK No. 71 DAN PSAK No. 73 OF SFAS No. 71 AND SFAS No. 73
Tabel di bawah ini menunjukkan klasifikasi aset The table below shows the classification of
dan liabilitas keuangan menurut PSAK No. 55 dan financial assets and liabilities according to
PSAK No. 71 dalam transisi penerapan PSAK SFAS No. 55 and SFAS No. 71 in the transition to
No. 71 pada 1 Januari 2020. the adoption of SFAS No. 71 on 1 January 2020.
Klasifikasi Nilai tercatat Nilai tercatat
berdasarkan berdasarkan berdasarkan
PSAK 55/ Klasifikasi PSAK 55/ PSAK 71/
Classification berdasarkan Carrying Carrying
under SFAS 55 PSAK 71/ amount under amount under
Classification SFAS 55 SFAS 71
under SFAS 71
31 Desember 31 Desember 1 Januari
2019/ 2019 / 2020 /
Catatan/ 31 December 1 Januari 2020/ 31 December 1 January
Note 2019 1 January 2020 2019 2020
Aset keuangan/Financial asset

Kas/Cash Kredit yang Biaya
diberikan dan perolehan yang
piutang / diamortisasi /
Loans and Amortized cost
receivables 15,361,703 15,361,703
Giro pada Bank Indonesia/ Current Kredit yang Biaya

accounts with Bank Indonesia diberikan dan perolehan yang
receivables 37,104,091 37,104,091
293
2020 Annual Report
AWAL PSAK 71 DAN PSAK 73 (lanjutan) OF SFAS 71 AND SFAS 73 (continued)
Nilai tercatat Nilai tercatat

Klasifikasi Klasifikasi berdasarkan berdasarkan
berdasarkan berdasarkan PSAK 55/ PSAK 71/
PSAK 55/ PSAK 71/ Carrying Carrying
Classification Classification amount amount
under SFAS 55 under SFAS under SFAS under SFAS
71 55 71
31 Desember 1 Januari 31 Desember 1 Januari

2019/ 2020/ 2019 / 2020 /
Catatan/ 31 December 1 January 31 December 1 January
Note 2019 2020 2019 2020
Giro pada bank lain/Current accounts Kredit yang Biaya

with other banks diberikan dan perolehan yang
receivables 14,962,793 14,962,789
Penempatan pada bank lain dan Kredit yang Biaya

Bank Indonesia/Placements with diberikan dan perolehan yang
other banks and Bank Indonesia piutang / diamortisasi /
receivables 47,776,809 47,776,666
Efek-efek/Marketable securities Aset keuangan Aset keuangan

yang diukur yang diukur
pada nilai wajar pada nilai wajar
melalui laba melalui laba
rugi/Financial rugi/Financial
assets at fair assets at fair
value through value through
profit or loss profit or loss
8,645,975 8,645,975

tersedia untuk yang diukur
dijual/Available- pada nilai wajar
for-sale melalui
financial assets penghasilan
komprehensifl
lain/Financial
assets at fair
value through
other
comprehensive
income 17,103,851 17,095,889
dimiliki hingga yang diukur
jatuh pada biaya
tempo/Held-to- perolehan yang
maturity diamortisasi/Fi
investments nancial assets
at amortized
cost 1,411,925 1,410,548
294
2020 Annual Report

PSAK 55/ PSAK 55/ PSAK 71/
Classification Klasifikasi Carrying Carrying
under SFAS 55 berdasarkan amount under amount under
PSAK 71/ SFAS 55 SFAS 71
Classification
31 Desember under SFAS 71 31 Desember 1 Januari
2019/ 2019 / 2020 /
Note 2019 1 January 2020 2019 2020
Wesel ekspor dan tagihan Kredit yang Biaya

lainnya/Bills and other receivables diberikan dan perolehan yang
receivables 19,207,603 19,252,145
Obligasi Pemerintah/ Government Aset keuangan Aset keuangan

Bonds yang diukur yang diukur
pada nilai wajar pada nilai wajar
melalui laba melalui laba
assets at fair assets at fair
value through value through
profit or loss profit or loss
3,326,715 3,326,715

Bonds tersedia untuk yang diukur
dijual/Available- pada nilai wajar
for-sale melalui
financial assets penghasilan
komprehensifl
lain/Financial
assets at fair
value through
other
comprehensive
income 55,715,269 55,715,269

Bonds dimiliki hingga yang diukur
jatuh pada biaya
tempo/Held-to- perolehan yang
maturity diamortisasi/Fi
investments nancial assets
at amortized
cost
21,987,036 21,987,036
295
2020 Annual Report

Classification
2019/ 2019/ 2020/
Note 2019 1 January 2020 2019 2020
Efek-efek yang dibeli dengan janji Kredit yang Biaya perolehan

dijual kembali/Securities purchased diberikan dan yang diamortisasi
under agreements to resell piutang / /
receivables 411,442 411,442
Tagihan derivatif - Tidak terkait Aset keuangan Aset keuangan
lindung nilai/Derivative receivables - yang diukur yang diukur pada
Non hedging related pada nilai wajar nilai wajar melalui
melalui laba laba rugi/Financial
rugi/Financial assets at fair value
assets at fair through profit or
value through loss
profit or loss
312,266 312,266
Pinjaman yang diberikan/Loans Kredit yang Biaya perolehan

diberikan dan yang diamortisasi /
piutang / Amortized cost
Loans and
receivables 539,862,076 524,209,449
Tagihan akseptasi/Acceptance Kredit yang Biaya perolehan

receivables diberikan dan yang diamortisasi /
Loans and
receivables 18,558,276 18,476,609
296
2020 Annual Report

Classification
2019/ 2019/ 2020/
Note 2019 1 January 2020 2019 2020
Penyertaan saham/Equity
investments Aset keuangan
yang diukur pada
nilai wajar melalui
penghasilan
komprehensif
lain/Financial
Aset keuangan assets at fair
tersedia untuk value through
dijual/Available- other
for-sale comprehensive
financial assets income 260,669 260,669
Penyertaan saham/Equity Aset keuangan Aset keuangan

investments tersedia untuk yang diukur pada
dijual/Available- nilai wajar melalui
for-sale laba rugi/
financial assets Financial assets at
fair value through
profit or loss 262,434 262,434
Aset lain-lain/Other assets Kredit yang Biaya perolehan

diberikan dan yang diamortisasi/
Loans and
receivables 9,576,751 9,576,751
Aset keuangan Aset keuangan
Aset lain-lain/Other assets tersedia untuk yang diukur pada
dijual/Available- nilai wajar melalui
for-sale penghasilan
financial asset komprehensif
lain/Financial
assets at fair value
through other
comprehensive
income 34,046 710,812
Total aset keuangan /

Total financial asset 811,881,730 744,618,455
297
2020 Annual Report
KEUANGAN PADA TANGGAL LIABILITIES IN THE EARLY IMPLEMENTATION
IMPLEMENTASI AWAL PSAK 71 DAN PSAK OF SFAS 71 AND SFAS 73 (continued)
73 (lanjutan)

Classification
2019/ 2019 / 2020 /
Note 2019 1 January 2020 2019 2020
Liabilitas keuangan /
Financial liabilities
Liabilitas segera/Obligation due Biaya Biaya
immediately perolehan perolehan
yang yang
diamortisasi / diamortisasi /
Amortized Amortized
cost cost 5,272,805 5,272,805
Simpanan nasabah/Deposits from Biaya Biaya

customers perolehan perolehan
yang yang
diamortisasi / diamortisasi /
Amortized Amortized
cost cost 582,540,625 582,540,625
Simpanan dari bank lain/Deposits Biaya Biaya

from other banks perolehan perolehan
yang yang
diamortisasi / diamortisasi/
Amortized Amortized
cost cost 11,584,276 11,584,276
Liabilitas derivative/ Derivative Laibilitas Liabilitas
payables keuangan keuangan
yang diukur yang diukur
pada nilai pada nilai
wajar melalui wajar melalui
laba laba
liabilities at liabilities at
fair value fair value
through profit through profit
or loss or loss 203,054 203,054
Efek-efek yang dijual dengan janji Biaya Biaya

dibeli kembali/Securities sold under perolehan perolehan
agreements to repurchase yang yang
Amortized Amortized
cost cost 2,183,403 2,183,403
Liabilitas akseptasi/Acceptance Biaya Biaya
payables perolehan perolehan
yang yang
Amortized Amortized
cost cost 5,341,440 5,341,440
298
2020 Annual Report
60. KLASIFIKASI ASET DAN LIABILITAS 60. CLASSIFICATION OF ASSETS AND

KEUANGAN PADA TANGGAL IMPLEMENTASI FINANCIAL LIABILITIES IN THE EARLY
AWAL PSAK 71 DAN PSAK 73 (lanjutan) IMPLEMENTATION OF SFAS 71 AND SFAS 73
(continued)

Classification
31 Desember under SFAS 71 31 Desember 1 Januari 2020
2019/ 2019 / /
Note 2019 1 January 2020 2019 2020
Beban yang masih harus Biaya Biaya

dibayar/Accrued expenses perolehan perolehan
yang yang
diamortisasi/ diamortisasi/
Amortized Amortized
cost cost 997,259 997,259
Penyisihan/Provisions Biaya Biaya

perolehan perolehan
yang yang
Amortized Amortized
cost cost 185,019 735,029
Efek-efek yang Biaya Biaya

diterbitkan/Marketable securities perolehan perolehan
issued yang yang
Amortized Amortized
cost cost 2,985,052 2,985,052
Pinjaman yang diterima/Borrowings Biaya Biaya

perolehan perolehan
yang yang
Amortized Amortized
cost cost 57,235,500 57,235,500
Liabilitas lain-lain/Other liabilities Biaya Biaya

perolehan perolehan
yang yang
Amortized Amortized
cost cost 12,550,196 12,550,196
Total liabilitas keuangan /

Total financial liabilities 681,078,629 681,628,639
Aset keuangan instrumen ekuitas yang dimiliki The financial assets of equity instruments held for
untuk tujuan strategis telah diklasifikasi sebagai strategic purposes have been classified as fair
nilai wajar melalui penghasilan komprehensif lain value through other comprehensive income
berdasarkan PSAK 71. Sebelum adopsi PSAK 71, according to SFAS 71. Prior to the adoption of
instrumen ini diklasifikasikan sebagai tersedia SFAS 71, these instruments were classified as
untuk dijual dan diukur pada biaya perolehan available-for-sale and measured at cost of obtaining
karena nilai wajarnya tidak dapat ditentukan secara the assets because their fair values cannot be
handal. PSAK 71, menghapus pengecualian ini. reliably determined. SFAS 71, removed this
exception.
299
2020 Annual Report

AWAL PSAK 71 DAN PSAK 73 (lanjutan) IMPLEMENTATION OF SFAS 71 AND SFAS
73 (continued)
Tabel berikut ini menyajikan dampak reklasifikasi aset The following table shows the impact of
keuangan dan liabilitas keuangan berdasarkan PSAK reclassifying financial assets and financial
55 ke kategori biaya perolehan diamortisasi liabilities under SFAS 55 to the amortized cost
berdasarkan PSAK 71. category based on SFAS 71.
2020
Dari liabilitas keuangan kategori nilai

wajar melalui laba rugi From financial liabilities at FVTPL
berdasarkan PSAK 55: under SFAS 55
Nilai wajar pada 31 Desember 2019 - Fair value at 31 December 2019
Keuntungan nilai wajar yang diakui pada Fair value that would have been
laba rugi selama periode pelaporan recognized during the period in profit
jika liabilitas keuangan tidak di or loss if the financial assets had not
reklasifiksasi - been reclassified
Suku bunga efektif yang ditentukan pada The effective interest rate determined on
tanggal penerapan awal - the date of initial application
The interest expense recognized during
Beban bunga diakui - the period
Dari aset keuangan kategori tersedia From available for sale financial asset
untuk dijual berdasarkan PSAK 55: under SFAS 55
Nilai wajar pada 31 Desember 2019 - Fair value at 31 December 2019
Keuntungan nilai wajar yang diakui pada Fair value that would have been
penghasilan komprehensif lain recognized during the period in OCI if
selama periode pelaporan jika aset the financial assets had not been
keuangan tidak di reklasifiksasi - reclassified
*Tidak terdapat perubahan klasifikasi pada Bank *There is no reclassification on the Bank
Tabel berikut menyajikan analisis dampak penerapan The following table analyze the impact of the
PSAK 71, bersih setelah pajak, pada saat transisi adoption of SFAS 71, net after tax, during the
tanggal 1 Januari 2020 pada komponen ekuitas transition on 1 January 2020 in the following
berikut: equity components:
Dampak
penerapan PSAK
71 pada
1 Januari 2020/
Impact of
adopting SFAS
71 at 1 January
2020
Penghasilan komprehensif lain – keuntungan/kerugian nilai wajar
yang belum direalisasi/OCI – fair value reserve
Saldo pada tanggal 31 Desember 2019 berdasarkan PSAK 55/Balance under SFAS 55 at
31 December 2019 (822,278)
Reklasifikasi instrumen ekuitas yang diukur pada biaya perolehan ke nilai wajar
melalui penghasilan komprehensif lain setelah pajak /Reclassification of equity
measured at cost to measured at fair value through other comprehensive income net tax 541,412
Saldo pada tanggal 1 Januari 2020 berdasarkan PSAK 71 / Balance under SFAS 71 at
1 January 2020 (280,866)
300
2020 Annual Report

73 (continued)
PSAK 71, bersih setelah pajak, pada saat transisi adoption of SFAS 71, net after tax, during the
tanggal 1 Januari 2020 pada komponen ekuitas transition on 1 January 2020 in the following
berikut: (lanjutan) equity components: (continued)
Dampak
penerapan PSAK
71 pada
1 Januari 2020/
Impact of
adopting SFAS
71 at 1 January
2020
Laba ditahan /
Retained earnings
Saldo pada tanggal 31 Desember 2019 berdasarkan PSAK 55/Balance under SFAS 55 at
31 December 2019 79,685,093
Reklasifikasi berdasarkan PSAK 71/Reclassification
under SFAS 71 -
Pengakuan kerugian ekspektasian berdasarkan PSAK 71 setelah pajak/
Recognition of expected credit losses under SFAS 71 net tax (12,940,315)
Saldo pada tanggal 1 Januari 2020 berdasarkan PSAK 71/ Balance under SFAS 71 at
1 January 2020 66,744,778
PSAK 71 pada posisi laporan keuangan konsolidasian adoption of SFAS 71 on consolidated financial
pada tanggal 1 Januari 2020: statement position at 1 January 2020:
1 Januari/January 2020
Efek penyesuaian
transisi
penerapan
PSAK 71/
Impact from
Sebelum transitional setelah
penyesuaian/ adjustment on penyesuaian/
Before implementation after
adjustment SFAS 71 adjustment
Aset Assets
Kas 15,361,703 - 15,361,703 Cash

Current accounts with Bank
Giro pada Bank Indonesia 37,104,091 - 37,104,091 Indonesia
Giro pada bank lain - neto 14,962,793 (508) 14,962,285 other banks - net
Penempatan pada bank lain Placement with other banks
dan Bank Indonesia - neto 47,776,809 (143) 47,776,666 and Bank Indonesia - net
Efek-efek - neto 27,161,751 (7,462) 27,154,289 Marketable securities- net
Efek-efek yang dibeli dengan Securities purchased
janji dijual kembali 411,442 - 411,442 under agreements to resell
Wesel ekspor dan tagihan lainnya 19,207,603 44,542 19,252,145 Bills and other receivables - net
Tagihan akseptasi - neto 18,558,276 (81,667) 18,476,609 Acceptances receivables - net
Tagihan derivatif 312,266 - 312,266 Derivatives receivables
Pinjaman yang diberikan - neto 539,862,076 (15,652,627) 524,209,449 Loans - net
Obligasi Pemerintah - neto 81,029,020 (1,377) 81,027,643 Government bonds - net
Pajak dibayar dimuka 1,049,979 - 1,049,979 Prepaid taxes
Beban dibayar dimuka 2,609,259 - 2,609,259 Prepaid expenses
Penyertaan saham 523,103 - 523,103 Equity investments
Aset lain-lain - neto 11,800,935 676,765 12,477,700 Other assets - net
Aset tetap - neto 26,524,759 - 26,524,759 Fixed assets - net
Aset pajak tangguhan - neto 1,349,343 3,081,272 4,430,615 Deferred tax assets – net
301
2020 Annual Report

73 (continued)
PSAK 71 pada posisi laporan keuangan konsolidasian adoption of SFAS 71 on consolidated financial
pada tanggal 1 Januari 2020: (lanjutan) statement position at 1 January 2020:
(continued)
Efek penyesuaian
transisi
penerapan
PSAK 71/
Impact from
Sebelum transitional setelah
penyesuaian/ adjustment on penyesuaian/
Before implementation after
adjustment SFAS 71 adjustment
Liabilitas Liablities
Liabilitas segera 5,272,805 - 5,272,805 Obligations due immediately

Simpanan nasabah 582,540,625 - 582,540,625 Deposits from customers
Simpanan dari bank lain 11,584,276 - 11,584,276 Deposits from other banks
Liabilitas derivatif 203,054 - 203,054 Derivative payables
dengan janji dibeli kembali 2,183,403 - 2,183,403 agreements to repurchase
Liabilitas akseptasi 5,341,440 - 5,341,440 Acceptance payables
Beban yang masih harus dibayar 997,259 - 997,259 Accrued expenses
Utang pajak 567,811 - 567,811 Taxes payable
Imbalan kerja 4,392,277 - 4,392,277 Employee benefits
Penyisihan 185,019 550,010 735,029 Provisions
Liabilitas lain-lain 14,900,956 - 14,900,956 Other liabilities
Efek-efek yang diterbitkan 2,985,052 - 2,985,052 Securities issued
Pinjaman yang diterima 57,235,500 - 57,235,500 Borrowings
Efek-efek subordinasi 99,965 - 99,965 Subordinated securities
Dana syirkah temporer Temporary syirkah funds
Simpanan nasabah 31,770,347 - 31,770,347 Deposits from customers

Simpanan dari bank lain 341,471 - 341,471 Deposits from other banks
Ekuitas Equity
Modal saham 9,054,807 - 9,054,807 Share capital

Tambahan modal disetor 14,568,468 - 14,568,468 Additional paid-in capital
Transaksi dengan kepentingan Transactions with non-controlling
non pengendali 2,256,999 - 2,256,999 interest
Cadangan revaluasi asset 14,946,879 - 14,946,879 Asset revaluation reserve
Unrealized losses on
Rugi yang belum direalisasi atas efek- marketable securities and
efek dan Obligasi Pemerintah yang diukur Government Bonds at fair value
pada nilai wajar melalui penghasilan through other comprehensive
komprensif lain setelah pajak (822,278) 541,412 (280,866) income net of tax
Selisih kurs karena penjabaran Exchange difference on
laporan keuangan dalam translation of foreign currency
mata uang asing 47,199 - 47,199 financial statements
Saldo laba 82,463,505 (12,940,315) 69,523,190 Retained earnings
Kepentingan nonpengendali 2,488,369 - 2,488,369 Non-controlling interests
302
2020 Annual Report

73 (continued)
Tabel berikut menyajikan analisis dampak atas The following table analyze the impact of the
perubahan dari “incurred loss approach” menjadi transition from “incurred loss approach” to
“kerugian kredit ekspektasian” untuk instrument “expected credit loss” for financial instrument at
keuangan yang diukur pada biaya perolehan amortized cost :
diamortisasi:
Cadangan Kerugian Penurunan Nilai menurut
PSAK 55/Allowance for Impairment losses based Kerugian Kredit Ekspektasian menurut PSAK 71/
on PSAK 55 Expected Credit Losess based on PSAK 71
Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian Kerugian atau berasal
kredit kredit dari aset
ekspektasian ekspektasian keuangan
sepanjang sepanjang memburuk/
umurnya - umurnya - Purchased or
Kerugian kredit tidak kredit Originated
kredit memburuk/ memburuk/ Credit Kenaikan
ekspektasian Lifetime ECL Lifetime ECL Impaired (penurunan)/
Kolektif/ Individual/ 12 bulan/12- Not Credit- Credit- Financial Increase
Collective Individual Total month ECL impaired impaired Assets Total (decrease)
Current accounts
Giro pada bank lain 2,000 - 2,000 2,508 - - - 2,508 508 with other banks
Placement
Penempatan pada bank lain with other banks
dan Bank Indonesia 4 - 4 147 - - - 147 143 Bank Indonesia
Efek-efek 21,444 263,675 285,119 28,906 - 263,675 - 292,581 7,462 Marketable securities
Wesel ekspor dan Bill and other
tagihan lainnya 142,078 - 142,078 50,987 17,579 28,970 - 97,536 (44,542) receivables
Acceptances
Tagihan akseptasi 559,999 - 559,999 36,965 4,903 599,798 - 641,666 81,667 receivables
Pinjaman yang diberikan 9,498,326 7,410,545 16,908,871 4,703,938 6,648,545 21,209,015 - 32,561,498 15,652,627 Loans
Obligasi Pemerintah - - - 1,377 - - - 1,377 1,377 Government bonds
Penyisihan 139,358 - 139,358 651,886 25,730 11,752 - 689,368 550,010 Provisions
Total 10,363,209 7,674,220 18,037,429 5,476,714 6,696,757 22,113,210 - 34,286,681 16,249,252 Total
PSAK 73 SFAS 73
Tabel berikut menyajikan dampak atas penerapan The following table summarises effect of
PSAK 73 pada saat tanggal 1 Januari 2020: implementation PSAK 73 as of 1 January 2020:
Penyesuaian
Sebelum PSAK 73/ Setelah
penyesuaian/ PSAK 73 penyesuaian/
Before adjustment Adjustment After Adjustment
STATEMENT OF
LAPORAN POSISI KEUANGAN FINANCIAL POSITION
ASET ASSET
Beban dibayar dimuka 2,609,259 (577,040) 2,032,219 Prepaid expenses
Fixed asset - except for-right
Fixed asset - Right of use
Aset tetap - Aset hak guna - after accumulated
- setelah akumulasi penyusutan - 1,803,759 1,803,759 depreciation
Liabilitas lain-lain 14,900,956 1,226,719 16,127,675 Other liabilities
303
2020 Annual Report
61. ANALISIS KUALITAS KREDIT 61. CREDIT QUALITY ANALYSIS
Pengukuran Kerugian Kredit Ekspektasian Measurement of Expected Credit Losses
Peningkatan Risiko Kredit Secara Signifikan Significant Increase in Credit Risk
Ketika menentukan apakah risiko gagal bayar pada When determining whether the risk of default on
instrumen keuangan telah meningkat secara financial instruments has increased significantly
signifikan sejak pengakuan awal, Bank since initial recognition, the Bank considers
mempertimbangkan informasi yang wajar dan reasonable and supported relevant information that
terdukung, serta relevan yang tersedia tanpa biaya is available without excessive costs or efforts. This
atau upaya yang berlebihan. Hal tersebut includes quantitative and qualitative information
mencakup informasi dan analisa kuantitatif dan and analysis, based on historical experience and
kualitatif, berdasarkan pada pengalaman historis credit expert assessments and including forward-
dan penilaian pakar kredit dan termasuk perkiraan looking estimates.
masa depan (forward-looking).
Tujuan dari penilaian ini adalah untuk The purpose of this assessment is to identify
mengidentifikasi apakah peningkatan risiko kredit whether a significant increase in credit risk of
secara signifikan atas eksposur telah terjadi exposure has occurred by comparing:
dengan membandingkan:
• Probability of default (PD) atas umur tersisa • Probability of default (PD) for the remaining
pada tanggal pelaporan; dengan age at the reporting date; with
• Probability of default (PD) atas umur tersisa • Probability of default (PD) for the estimated
yang di estimasi pada saat pengakuan awal remaining age at initial recognition of the
eksposur (jika relevan, disesuaikan dengan exposure (if relevant, adjusted for change in
perubahan ekspektasi pembayaran dimuka). expectations of prepayment).
Bank menggunakan kriteria berikut dalam Bank use these criteria for determining whether
menentukan apakah peningkatan risiko kredit there has been a significant increase in credit :
secara signifikan atas eksposur telah terjadi:
• pengujian kuantitatif berdasarkan perubahan • quantitative test based on movement in PD
probability of default (PD)
• indikator kualitatif • qualitative indicators
• tertunggak lebih dari 30 hari. • a backstop of 30 days past due
Credit Risk Grades Credit Risk Grades
Bank mengalokasikan setiap eksposur ke credit The bank allocated each exposure to credit risk
risk grades berdasarkan variasi data yang grades based on a variety of data that is
ditentukan dapat memprediksi risiko gagal bayar determined to predict the risk of default and apply
dan menerapkan pengalaman atas kredit. Credit credit experience judgement. Credit risk grades are
risk grades ditetapkan menggunakan faktor determined using qualitative and quantitative
kualitatif dan kuantitatif yang dapat factors that can indicate the risk of default. These
mengindikasikan risiko gagal bayar. Faktor-faktor factors vary depending on the nature of the
ini bervariasi tergantung pada sifat eksposur dan exposure and the type of borrower.
jenis peminjam.
Credit risk grades ditetapkan dan dikalibrasi Credit risk grades are determined and calibrated in
sedemikian rupa sehingga risiko terjadinya gagal such a way that the risk of default is increasing
bayar meningkat secara eksponensial seiring exponentially as credit risk rating decreases, for
dengan penurunan rating risiko kredit, sebagai example, the difference between credit risk rating
contoh, selisih antara credit risk rating grades 1 grades 1 and 2 is smaller than the difference
dan 2 lebih kecil dari pada selisih antara credit risk between credit risk rating grades 2 and 3.
rating grades 2 dan 3.
304
2020 Annual Report
61. ANALISIS KUALITAS KREDIT (lanjutan) 61. CREDIT QUALITY ANALYSIS (continued)

Credit Risk Grades (lanjutan) Credit Risk Grades (continued)
Setiap eksposur dialokasikan ke credit risk grades Each exposure is allocated to credit risk grades at
pada pengakuan awal berdasarkan informasi yang initial recognition based on available information
tersedia tentang peminjam. Eksposur ini dipantau about the borrower. This exposure is monitored on
secara berkelanjutan, dan dapat mengakibatkan an ongoing basis, and can result in the exposure
eksposur dipindahkan ke credit risk grades yang being transferred to different credit risk grades.
berbeda. Pemantauan biasanya menggunakan Monitoring usually uses the following data:
data berikut: laporan keuangan, penggunaan financial statements, use of credit facilities,
fasilitas kredit, estimasi kondisi ekonomi. estimates of economic conditions.
Penentuan Struktur Probability of Default Determination of the Probability of Default

Structure
Credit risk grades adalah input utama dalam Credit risk grades are the main input in determining
penentuan struktur PD term structure atas the PD term structure of the exposure. The Bank
eksposur. Bank mengumpulkan informasi kinerja collects performance and default information about
dan gagal bayar tentang eksposur risiko kredit credit risk exposures, which are analyzed by
yang dianalisa berdasarkan yurisdiksi atau wilayah jurisdiction or region and by product and borrower
dan menurut jenis produk dan peminjam serta type as well as credit risk assessment. For some
penilaian risiko kredit. Untuk beberapa portofolio, portfolios, information purchased from external
informasi yang dibeli dari penilai kredit eksternal credit assessors is also used.
juga digunakan.
Bank menggunakan model statistik untuk The Bank uses a statistical model to analyze the
menganalisa data yang dikumpulkan dan collected data and produce an estimate of the
menghasilkan perkiraan probability of default (PD) probability of default (PD) for the remaining life and
atas umur tersisa dan bagaimana hal ini how this is expected to change as a result of the
diperkirakan akan berubah sebagai akibat dari passage of time.
berlalunya waktu.
Analisa ini mencakup identifikasi dan kalibrasi This analysis includes the identification and
hubungan antara perubahan tingkat gagal bayar calibration of the relationship between changes in
dan perubahan dalam faktor-faktor makro ekonomi default rates and changes in key macroeconomic
utama serta analisa mendalam tentang dampak factors as well as an in-depth analysis of the
faktor-faktor lain tertentu (misalkan restrukturisasi) impact of other certain factors (e.g. restructuring)
pada risiko gagal bayar. Untuk sebagian besar on the risk of default. For most exposures, the
eksposur, indikator makro ekonomi utama meliputi: main macroeconomic indicators include: GDP
pertumbuhan PDB, suku bunga acuan, dan tingkat growth, benchmark interest rates, and the
pengangguran. Untuk eksposur pada industri unemployment rate. For exposures in certain
dan/atau wilayah tertentu, analisa dapat mencakup industries and/or regions, the analysis can include
harga komoditas dan/atau harga properti yang commodity prices and/or relevant property prices.
relevan.
Penentuan Terjadinya Peningkatan Risiko Determination of Significant Increase in Credit
Kredit Secara Signifikan Risk
Bank mempergunakan sejumlah kriteria untuk Bank uses several criteria for determining that
menentukan telah terjadi peningkatan risiko kredit credit risk has increased significantly.
secara signifikan.
Kriteria tersebut ditetapkan menggunakan faktor The criteria are determined using qualitative and
kuantitatif dan kualitatif termasuk penentuan quantitative factors including determination based
berdasarkan status hari tunggakan yang dapat on arrear day status that can indicate significant
mengindikasikan telah terjadi peningkatan risiko increase in credit risk since initial recognition.
kredit yang signifikan terhadap saat awal diberikan.
305
2020 Annual Report
Penentuan Terjadinya Peningkatan Risiko Determination of Significant Increase in Credit
Kredit Secara Signifikan (lanjutan) Risk (continued)
Bank dimungkinkan menggunakan penilaian dari The Bank can also use the judgment of credit
analis kredit dan pengalaman historis yang relevan, analysts and, if possible, relevant historical
dalam menentukan bahwa eksposur mungkin saja experience, in determining that the exposure may
telah mengalami peningkatan risiko kredit yang have experienced a significant increase in credit
signifikan berdasarkan indikator kualitatif tertentu risk based on certain qualitative indicators that are
yang dianggap dapat mengindikasikan hal tersebut considered to indicate this and their effects may
dimana pengaruhnya mungkin belum sepenuhnya not be fully reflected in quantitative analysis in a
tercermin pada saat dilakukan analisis kuantitatif. comprehensive manner on a timely manner
Bank menentukan bahwa peningkatan resiko kredit The Bank determines that a significant increase in
secara signifikan belum terjadi apabila masih credit risk has not occurred if it is still less than 30
kurang dari 30 hari tunggakan. Hari tunggakan days in arrears. Arrear days are determined by
ditentukan dengan menghitung jumlah hari sejak counting the number of days from the initial due
tanggal jatuh tempo awal dimana pembayaran date where full payment has not been received.
penuh belum diterima. Tanggal jatuh tempo The due date is determined without considering the
ditentukan tanpa mempertimbangkan masa grace period that might be available to the
tenggang yang mungkin tersedia bagi peminjam. borrower.
Bank memantau efektifitas kriteria yang digunakan The Bank monitors the effectiveness of the criteria
dalam mengidentifikasi peningkatan risiko kredit used in identifying significant increases in credit
yang signifikan dengan cara reviu berkala. risk by periodic review.
Modifikasi Aset Keuangan Modification of Financial Assets
Ketentuan kontraktual pinjaman dapat dimodifikasi Loan contractual terms can be modified for a
untuk beberapa alasan, termasuk perubahan number of reasons, including changes in market
kondisi pasar, retensi pelanggan dan faktor-faktor conditions, customer retention and other factors
lain yang tidak terkait dengan penurunan kredit not related to the current credit decline. Loans with
saat. Pinjaman yang ketentuan kontraktualnya modified contractual terms can cause the initial
dimodifikasi dapat menyebabkan pinjaman awal loan to be derecognized and recognized the
dihentikan pengakuannya dan pinjaman hasil modified loan as a new loan at fair value.
modifikasi diakui sebagai pinjaman baru pada nilai
wajar.
Ketika ketentuan kontraktual pinjaman dimodifikasi When the contractual terms of the loan are
dan tidak mengakibatkan penghentian pengakuan, modified and do not result in termination of
penentuan terjadinya peningkatan risiko kredit recognition, determining the occurrence of a
secara signifikan dilakukan dengan cara significant increase in credit risk is done by
membandingkan: comparing:
• sisa PD sepanjang umur pada tanggal • PD remainder life at reporting date based on
pelaporan berdasarkan ketentuan yang modified provision; with
dimodifikasi; dengan
• sisa PD sepanjang umur yang diestimasi • Residual PD throughout the estimated age
berdasarkan data pada saat pengakuan awal based on data at initial recognition and initial
dan ketentuan kontraktual awal. contractual provisions.
Definisi Gagal Bayar (Default) Definition of Failed Payment (Default)
Grup menganggap aset keuangan dalam keadaan The Group considers financial assets as default
default / gagal bayar ketika: when:
• Debitur tidak mungkin membayar kewajiban • The debtor is unlikely to pay its credit
kreditnya kepada secara penuh, tanpa obligation in full, without assistance (recourse)
bantuan (recourse) dari Grup; atau from the Group; or
• Debitur telah melewati jatuh tempo lebih dari • The debtors have past due more than 90 days
90 hari atas kewajiban kredit material apa pun for any material credit obligations to the
kepada Grup. Group.
306
2020 Annual Report
Definisi Gagal Bayar (Default) (lanjutan) Definition of Failed Payment (Default)
(continued)
Dalam menilai apakah debitur dalam keadaan
default / gagal bayar, Grup mempertimbangkan In assessing whether a debtor is in default, the
indikator berikut: Group considers the following indicators:
• Kualitatif seperti pelanggaran persyaratan
penjanjian (covenants); • Qualitative such as violations of the terms of
• Kuantitatif seperti status tunggakan; dan the agreement (covenants);
• Berdasarkan data yang dikembangkan secara • Quantitative such as arrears status; and
internal dan diperoleh dari sumber eksternal. • Based on data developed internally and
obtained from external sources.
Input, Asumsi, dan Teknik yang digunakan Inputs, Assumptions, and Techniques used in
dalam mengestimasi penurunan nilai estimating impairment
Penggunaan informasi perkiraan masa depan Use of forward-looking information
(forward-looking)
Grup menggunakan informasi forward-looking The Group uses forward-looking information in
dalam menilai apakah telah terjadinya peningkatan assessing whether there has been a significant
risiko kredit secara signifikan dan pengukuran increase in credit risk and measurement of
kerugian kredit ekspektasian. Berdasarkan saran expected credit losses. Based on advice from the
dari Komite Manajemen Risiko, pakar ekonomi dan Risk Management Committee, economists and
pertimbangan berbagai informasi aktual dan consideration of various actual information and
perkiraan eksternal, Grup merumuskan pandangan external forecast, the Group formulated a base
dasar (base case) tentang pergerakan variabel case for the movement of relevant economic
ekonomi yang relevan dimasa depan serta variables in future as well as forecasts of other
perkiraan skenario lain yang mungkin terjadi. possible scenarios. This process involves
Proses ini meliputi pengembangan dua atau lebih developing two or more additional economic
skenario ekonomi tambahan dan scenarios and considering the relative probabilities
mempertimbangkan probabilitas relatif dari of the possible outputs. External information
keluaran (output) yang mungkin. Informasi includes economic data and estimateds published
eksternal mencakup data ekonomi dan perkiraan by, such as government agencies and selected
yang diterbitkan oleh, seperti badan pemerintah private sector analysts and academics.
dan analis sektor swasta dan akademisi terpilih.
Pandangan dasar (base case) mencerminkan The base case reflects the output with the highest
keluaran dengan probabilitas yang paling tinggi dan probability and is used in strategic planning and
digunakan dalam perencanaan stragegis dan budgeting. Another scenario, reflects more
anggaran. Skenario yang lain, mencerminkan optimistic outputs and more pessimistic outputs.
keluaran yang lebih optimis dan keluaran yang
lebih pesimis.
Skenario ekonomi yang dirumuskan menggunakan The economic scenario is formulated using the
kisaran indikator utama berikut: following range of key indicators:
2021 2022
Tingkat pengangguran / Unemployment dasar 8% / base 8% dasar 6% / base 6%
rate
Kisaran antara 7 hingga 10% / Range Kisaran antara 5 hingga 8% /
between 7 and 10% Range between 5 and 8%
Suku bunga / Interest rates dasar 1% / base 1% dasar 2% / base 2%
Kisaran antara 0,5 hingga 2% / Kisaran antara 1 hingga 3% /
Range between 0,5 and 2% Range between 1 and 3%
Pertumbuhan PDB / GDP growth dasar 1,5% / base 1,5% dasar 2% / base 2%
Kisaran antara 0 hingga 2,5% / Kisaran antara 0,5 hingga 3% /
Range between 0 and 2,5% Range between 0,5 and 3%
307
2020 Annual Report
Input, Asumsi, dan Teknik yang digunakan Inputs, Assumptions, and Techniques used in
dalam mengestimasi penurunan nilai estimating impairment
Pengukuran Kerugian Kredit Ekspektasian Measurement of Expected Credit Loss
Input utama dalam pengukuran kerugian kredit The main inputs in measuring expected credit loss
ekspektasian adalah variabel berikut : are the following variables:
• Probability of default (PD) • Probability of default (PD)
• Loss of given default (LGD) • Loss of given default (LGD)
• Exposure at default (EAD) • Exposure at default (EAD)
Parameter ini umumnya berasal dari model statistik These parameters generally come from statistical
yang dikembangkan secara internal dan data models that are developed internally and other
historis lainnya. Parameter ini disesuaikan untuk historical data. This parameter is adjusted to reflect
mencerminkan informasi forward-looking. forward-looking information.
Estimasi PD adalah estimasi pada tanggal tertentu, PD estimation is an estimate on a certain date,
yang dihitung berdasarkan model peringkat which is calculated based on a statistical ranking
statistik, dan dinilai menggunakan rating yang model, and is assessed using a rating that is
disesuaikan dengan berbagai kategori dari debitur adjusted to various categories of debtors and
dan eksposur. Model statistik ini didasarkan pada exposures. This statistical model is based on data
data yang disusun secara internal yang terdiri dari compiled internally consisting of quantitative and
faktor kuantitatif dan kualitatif. qualitative factors.
LGD adalah besarnya kerugian jika terjadi gagal LGD is the amount of loss if there is a default. LGD
bayar. Parameter LGD diestimasi secara historis parameters are historically estimated based on the
berdasarkan tingkat pemulihan atas klaim terhadap level of recovery of claims against debtors who
debitur yang gagal bayar. Model LGD default. The LGD model considers the structure,
mempertimbangkan struktur, jaminan, senioritas collateral, claim seniority, the debtor industry, and
klaim, industri debitur, dan biaya pemulihan setiap the cost of recovering any collateral that is an
jaminan yang merupakan bagian integral dari aset integral part of a financial asset.
keuangan.
EAD merepresentasikan estimasi eksposur jika EAD represents the estimated exposure in case of
terjadi gagal bayar. EAD suatu aset keuangan default. EAD of a financial asset is the gross
adalah jumlah tercatat bruto. Untuk komitmen carrying amount. For loan commitments and
pinjaman dan jaminan keuangan, EAD mencakup financial guarantees, EAD includes the amount
jumlah yang telah ditarik, serta jumlah potensial di that has been withdrawn, as well as potential future
masa depan yang akan ditarik, yang diestimasi amounts to be withdrawn, which are estimated
berdasarkan pengamatan historis dan perkiraan based on historical observations and forward-
berwawasan ke depan (forward-looking). looking estimates.
Ketika pemodelan parameter dilakukan secara When parameter modeling is done collectively,
kolektif, instrumen keuangan dikelompokkan financial instruments are grouped according to the
berdasarkan kesamaan karakteristik risiko yang similarity of risk characteristics which include:
meliputi:
• jenis instrumen; • type of instrument;
• peringkat risiko kredit; • credit risk rating;
• jenis agunan; • type of collateral;
• tanggal pengakuan awal; • date of initial recognition;
• sisa waktu jatuh tempo; • remaining due date;
• industry; dan • industry; and
• lokasi geografis debitur. • debtor’s geographical location.
308
2020 Annual Report
a. Analisis risiko kredit berdasarkan internal rating a. Credit risk analysis based on internal rating
grades grades

Kerugian
Kredit atas
aset
keuangan
yang dibeli
atau
Kerugian berasal
Kredit dari aset
Sepanjang Kerugian keuangan
Umurnya - Kredit memburuk/
Tidak Sepanjang Purchased
mengalami Umurnya - or
Kerugian penurunan Mengalami Originated
Kredit nilai/ Lifetime penurunan Credit
Ekspektasian ECL Not nilai/ Lifetime Impaired
12 Bulan/12- Credit- ECL Credit- Financial
month ECL impaired impaired Assets Total/Total
Kredit yang diberikan yang diukur
pada biaya perolehan yang
diamortisasi/Loans at
amortized cost
Rating internal/Internal Grade 1-2 29,878,930 - - - 29,878,930
Rating internal/Internal Grade 5-6 14,025,688 3,102,468 - - 17,128,156
Rating internal/Internal Grade 13-14 67,805 15,409,911 - - 15,477,716
Rating internal/Internal Grade 15-16 - 3,624,275 59,700 - 3,683,975
Rating internal/Internal Grade 19-20 - 193,890 15,406,523 - 15,600,413
Rating internal/Internal Grade 21-22 - - 8,748,862 - 8,748,862
285,777,536 61,864,201 28,784,509 376,426,246

Cadangan Kerugian kredit / (1,448,326) (11,347,479) (23,124,349) - (35,920,154)
Loss allowance
Nilai tercatat / Carrying amount 284,329,210 50,516,722 5,660,160 - 340,506,092
Cadangan kerugian kredit untuk aset keuangan Allowance for credit losses for financial assets
yang diklasifikasikan pada nilai wajar melalui classified as fair value through other
penghasilan komprehensif lain tidak diakui pada comprehensive income is not recognized in the
laporan posisi keuangan karena nilai tercatat aset statement of financial position because the
keuangan tersebut adalah nilai wajar. carrying value of the financial assets is fair value.
309
2020 Annual Report
grades (lanjutan) grades (continued)

Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Sepanjang Kerugian dari aset
Umurnya - Kredit keuangan
Tidak Sepanjang memburuk/
mengalami Umurnya - Purchased
penurunan Mengalami or
Kerugian nilai/ penurunan Originated
Kredit Lifetime nilai/ Credit
Ekspektasian ECL Not Lifetime Impaired
12 Bulan/ 12- Credit- ECL Credit- Financial
Tagihan akseptasi/Acceptance receivables
Rating internal/Internal Grade 1-2 305,232 - - - 305,232
Rating internal/Internal Grade 7-8 3,152,598 112,493 - - 3,265,091
Rating internal/Internal Grade 13-14 - 166,954 - - 166,954
Rating internal/Internal Grade 15-16 - - - - -
Rating internal/Internal Grade 21-22 - - 19,835 - 19,835
8,427,389 2,981,475 2,960,227 - 14,369,091
Cadangan Kerugian kredit / (38,135) (18,100) (1,115,113) - (1,171,348)

Loss allowance
Nilai tercatat/Carrying amount 8,389,254 2,963,375 1,845,114 13,197,743
310
2020 Annual Report

Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Wesel ekspor dan tagihan lainnya/Bills and
other receivables
Rating internal/Internal Grade 1-2 618,198 - - 618,198
Rating internal/Internal Grade 5-6 58,873 48,502 - - 107,375
Rating internal/Internal Grade 17-18 - - 53,446 53,446
9,342,984 7,007,570 53,446 16,404,000
Cadangan Kerugian kredit / (22,525) (69,736) (22,471) (114,732)

Loss allowance
Nilai tercatat/Carrying amount 9,320,459 6,937,834 30,975 16,289,268
Wesel ekspor dan tagihan lainnya/Bills

and other receivables
< 30 hari/days 1,612,435 - - - 1,612,435
> 31 - 60 hari/days - - - - -
> 61 - 90 hari/days - - - - -
1,612,435 - - - 1,612,435
Cadangan Kerugian kredit/Loss allowance (8,169) - - - (8,169)
Nilai tercatat/Carrying amount 1,604,266 - - - 1,604,266
311
2020 Annual Report

Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Komitmen pinjaman/Loan commitments
9,740,740 - - - 9,740,740
Cadangan Kerugian kredit /

Loss allowance (17,153) - - - (17,153)
312
2020 Annual Report
Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
12 Bula /12- Credit- ECL Credit- Financial
Jaminan keuangan/Financial guarantee

Rating internal/Internal Grade 7-8 637,823 13,268 - - 651,091
Rating internal/Internal Grade 21-22 - - 380 - 380
13,151,594 1,386,745 106,050 - 14,644,389

Cadangan Kerugian kredit / (73,195) (35,448) (11,288) (119,931)
Loss allowance -
Nilai tercatat / Carrying amount 13,078,399 1,351,297 94,762 - 14,524,458
Irrevocable L/C yang masih berjalan /

Outstanding irrevocable L/C
7,338,567 1,872,650 84,179 - 9,295,396
Cadangan Kerugian kredit/ (25,153) (17,347) (67,547) (110,047)
Loss allowance -
Nilai tercatat/Carrying amount 7,313,414 1,855,303 16,632 - 9,185,349
313
2020 Annual Report
b. Analisis risiko kredit berdasarkan probability of b. Credit risk analysis based on probability of
default default
Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Kredit yang diberikan yang diukur pada
biaya perolehan yang
diamortisasi/Loans at amortized cost
00.00 - 00.10 445,696,869 72,189,538 33,770,117 - 551,656,524
00.11 - 00.40 - 285 - - 285
00.41 - 01.00 - - 129,545 - 129,545
445,696,869 72,189,823 33,899,662 - 551,786,354

Cadangan Kerugian kredit/Loss allowance (3,563,772) (12,650,816) (26,600,019) - (42,814,607)
Nilai tercatat/Carrying amount 442,133,097 59,539,007 7,299,643 - 508,971,747

Tagihan akseptasi/ Acceptance
receivables
00.00 - 00.10 15,755,884 2,981,474 2,960,228 - 21,697,586

00.11 - 00.40 - - - - -
00.41 - 01.00 - - - - -
15,755,884 2,981,474 2,960,228 - 21,697 ,586

Cadangan Kerugian kredit/Loss allowance (65,378) (18,100) (1,115,113) - (1,198,591)
314
2020 Annual Report
default (Lanjutan) default (continued)

Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Jaminan keuangan/Financial guarantee
00.00 - 00.10 71,886,106 9,838,667 - - 81,724,773

00.11 - 00.40 - 3,191,752 - - 3,191,752
00.41 - 01.00 - 317 - - 317
71,886,106 13,030,736 - - 84,916,842

Cadangan Kerugian kredit/Loss allowance (80,301) (228,549) - - (308,850)
Nilai tercatat/Carrying amount 71,805,805 12,802,187 - - 84,607,992
Irrevocable L/C yang masih berjalan /

Outstanding irrevocable L/C
00.00 - 00.10 8,154,641 1,872,649 84,179. - 10,111,469
00.11 - 00.40 - - - - -
00.41 - 01.00 - - - - -
8,154,641 1,872,649 84,179 10,111,469

Cadangan Kerugian kredit/Loss allowance (26,788) (17,347) (67,548) - (111,683)
Garansi Bank yang diterbitkan

Rating internal/Internal Grade 7-8 1,967,554 700 - - 1,968,254
Rating internal/Internal Grade 9-10 12,380,524 2,462,845 5,828 - 14,849,197
24,735,375 8,686,661 225,927 - 33,647,963
Cadangan Kerugian kredit /
Loss allowance (30,779) (228,539) (95,538) - (354,856)
Nilai tercatat / Carrying amount 24,704,596 8,458,122 130,389 - 33,293,107
315
2020 Annual Report
default (Lanjutan) default (continued)

Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal dari
Sepanjang Kerugian aset
00.00 - 00.10 48,522,559 8,687,280 227,686 - 57,437,525

00.11 - 00.40 - - - - -
00.41 - 01.00 - - 2,347 - 2,347
48,522,559 8,687,280 230,033 - 57,439,872

Cadangan Kerugian kredit/Loss allowance (81,008) (228,549) (98,008) - (407,565)
Kredit yang diberikan yang diukur pada biaya

perolehan yang diamortisasi/ Loans at
amortized cost
< 30 hari/days 161,620,881 6,727,101 521,661 168,869,643

> 31 - 60 hari/days 84,642 987,716 218,422 1,290,780
> 61 - 90 hari/days 60,690 757,140 355,528 1,173,358
> 91 hari/days 6,783 - 4,019,544 4,026,327
161,772,996 8,471,957 5,115,155 175,360,108
Cadangan Kerugian kredit/Loss allowance (2,110,114) (1,303,337) (3,475,670) - (6,889,121)
Wesel ekspor dan tagihan lainnya/Bills and
other receivables
00.00 - 00.10 18,016,435 - - - 18,016,435
00.11 - 00.40 - - - - -
00.41 - 01.00 - - - - -
18,016,435 - - - 18,016,435
316
2020 Annual Report
c. Analisis risiko kredit berdasarkan days past due c. Credit risk analysis based on days past due

Kerugian
Kredit
atas aset
keuanga
n yang
dibeli
Kerugian Kerugian atau
Kredit Kredit berasal
Sepanja Sepanja dari aset
ng ng keuanga
Umurnya Umurnya n
- Tidak - membur
mengala Mengala uk/
mi mi Purchase
Kerugian penurun penurun d or
Kredit an nilai/ an nilai/ Originate
Ekspektasi Lifetime Lifetime d Credit
an 12 ECL Not ECL Impaired
Bulan/12- Credit- Credit- Financial
Tagihan akseptasi/ Acceptance receivables
< 30 hari/days 7,328,495 - - - 7,328,495

> 31 - 60 hari/days - - - - -
> 61 - 90 hari/days - - - - -
> 91 hari/days - - - - -
7,328,495 - - - 7,328,495
Irrevocable L/C yang masih berjalan / Outstanding

irrevocable L/C
< 30 hari/days 816,074 - - - 816,074
> 31 - 60 hari/days - - - - -
> 61 - 90 hari/days - - - - -
> 91 hari/days - - - - -
816,074 - - 816,074
Cadangan Kerugian kredit/Loss allowance (1,635) (1,635)
Nilai tercatat/Carrying amount 814,439

814,439
317
2020 Annual Report
c. Analisis risiko kredit berdasarkan days past due c. Credit risk analysis based on days past due
Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
mengalami Umurnya - Prchased
< 30 hari/days 23,787,184 102 1,108.00 - 23,788,394

> 31 - 60 hari/days - 517 - - 517
> 61 - 90 hari/days - - - - -
> 91 hari/days - - 2,999 - 2,999
23,787,184 618 4,107 - 23,791,909
Cadangan Kerugian kredit/Loss allowance (50,228) (10) (2,470) - (52,709)
Nilai tercatat/Carrying amount 23,736,956 608 1,637 - 23,739,200
AA - - - - -
AA+ - - - - -
AA 210,750 - - - 210,750
AA- - - - - -
A+ 100,000 - - - 100,000
A 209,675 - - - 209,675
A- 694,908 - - - 694,908
BBB+ - - - - -
BBB 52,880,991 - - - 52,880,991
BBB- 644,177 - - - 644,177
BB+ 250,000 - - - 250,000
BB - - - - -
BB- - - - - -
B+ - - - - -
B - - - - -
B- 98,595 98,595
55,089,096 - - - 55,089,096
Cadangan Kerugian kredit/ (173) - - - (173)
Loss allowance
318
2020 Annual Report
d. Analisis risiko kredit berdasarkan external rating d. Credit risk analysis based on external rating
Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Efek-efek yang diukur pada nilai wajar

melalui penghasilan komprehensif
lain/Marketable securities at FVOCI
AAA - - - - -
AA+ - - - - -
AA - - - - -
AA- - - - - -
A+ - - - - -
A - - - - -
A- - - - - -
BBB+ - - - - -
BBB 183,506 65,570 - - 249,076
BBB- 3,653,186 133,183 - - 3,786,369
BB+ 63,837 67,370 - - 131,207
BB 183 - - - 183
BB- 1,554,472 - - - 1,554,472
B+ 101,592 - - - 101,592
B 100,710 - - - 100,710
5,657,486 266,123 - - 5,923,609
Cadangan Kerugian kredit/ (10,247) (5,165) - - (15,412)

Loss allowance
Nilai tercatat/Carrying amount 5,647,239 260,958 - - 5,908,197
Obligasi Pemerintah yang diukur pada

biaya perolehan diamortisasi
/Government Bonds at amortized
cost
AAA - - - - -
AA+ - - - - -
AA - - - - -
AA- - - - - -
A+ - - - - -
A - - - - -
A- - - - - -
BBB+ - - - - -
BBB 4,771,160 - - - 4,771,160
BBB- 126,423 - - - 126,423
BB+ - - - - -
BB - - - - -
BB- - - - - -
B+ - - - - -
B - - - - -
4,897,583 - - - 4,897,583
319
2020 Annual Report
Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
Cadangan Kerugian kredit/ (1,803) - - - (1,803)
Loss allowance
Efek-efek yang dibeli dengan janji

dijual kembali yang diukur pada
biaya perolehan diamortisasi/
Securities purchased under
agreements to resell at amortized
cost
AAA 5,844,868 - - - 5,844,868
AA+ - - - - -
AA - - - - -
AA- - - - - -
A+ - - - - -
A - - - - -
A- - - - - -
BBB+ - - - - -
BBB - - - - -
BBB- - - - - -
BB+ - - - - -
BB - - - - -
BB- - - - - -
B+ - - - - -
B - - - - -
5,844,868 - - - 5,844,868
Cadangan Kerugian kredit/ - - - - -

Loss allowance
Obligasi Pemerintah yang diukur pada

nilai wajar melalui penghasilan
komprehensif lain/Government
Bonds at FVOCI
AAA 3,711,698 - - - 3,711,698
AA+ - - - - -
AA - - - - -
AA- 7,315,953 - - - 7,315,953
A+ - - - - -
A 803,167 - - - 803,167
A- 1,226,270 - - - 1,226,270
320
2020 Annual Report

Kerugian
Kredit atas
aset
keuangan
yang dibeli
Kerugian atau
Kredit berasal
BBB+ - - - - -
BBB 61,602,003 - - - 61,602,003
BBB- 408,483 - - - 408,483
BB+ - - - - -
BB - - - - -
BB- - - - - -
B+ - - - - -
B - - - - -
75,067,574 - - - 75,067,574
Cadangan Kerugian kredit/ (2,105) - - - (2,105)

Loss allowance
Giro pada bank lain yang diukur pada

biaya perolehan diamortisasi/
Current accounts with other banks
at amortized cost
AAA 6,167,645 - - - 6,167,645
AA+ 5,490,777 - - - 5,490,777
AA 63,074 - - - 63,074
AA- 589,798 - - - 589,798
A+ 158,083 - - - 158,083
A 1,501,291 - - - 1,501,291
A- 728,992 - - - 728,992
BBB+ - - - - -
BBB 900,547 - - - 900,547
BBB- 205,549 - - - 205,549
BB+ - - - - -
BB - - - - -
BB- 358 - - - 358
B+ - - - - -
B - - - - -
15,806,114 - - - 15,806,114
Cadangan Kerugian kredit/ (9) - - - (9)

Loss allowance
321
2020 Annual Report
Analisa Sensitivitas Kerugian Kredit Sensitivity Analysis of Expected Credit Loss

Ekspektasian terhadap Kondisi Ekonomi Masa for Future Economic Conditions
Depan
Asumsi ekonomi yang disajikan berikut ini disusun The economic assumptions presented below are
secara internal untuk keperluan perhitungan prepared internally for the purpose of calculating
kerugian kredit ekspektasian. expected credit losses.
Skenario Moderat/Moderate Scenario

2021 2022 2023 2024 2025
Tingkat pengangguran/Unemployment
rate 8% 7,5% 6% 5,5% 5%
Suku bunga/Interest rates 5% 5% 5,5% 6% 5%
Pertumbuhan PDB/GDP growth 5,2% 5,3% 5,2% 5,1% 5,5%
Skenario Optimis/Upside Scenario

2021 2022 2023 2024 2025
rate 7% 6,5% 5% 4,5% 4%
Suku bunga/Interest rates 4% 4,5% 4,25% 4% 4%
Skenario Pesimis/Downside Scenario

2021 2022 2023 2024 2025
rate 8% 8,5% 8% 8,5% 8%
Suku bunga/Interest rates 6% 5,5% 6,25% 5% 6%
Aset
keuangan
yang Aset keuangan
diukur yang diukur
pada biaya pada nilai wajar
perolehan melalui
di penghasilan
amortisasi/ komprehensif
Financial lain/Financial
assets assets measured
Rasio kerugian kredit ekspektasian measured at fair value
terhadap aset keuangan pada 31 at through other
Desember 2020/ECL ratio to financial amortized comprehensive
assets at 31 December 2020 cost income Total/Total
Rupiah Rupiah Rupiah
Kerugian kredit ekspektasian yang dilaporkan/
Reported ECL 44,540,235 15,651 44,555,886
Nilai tercatat bruto/Gross carrying amount 801,508,410 74,199,822 875,708,232
Rasio kerugian kredit ekspektasian yang

dilaporkan terhadap nilai tercatat bruto/ECL 5.56% 0.02% 5.09%
ratio to gross carrying amount
322
2020 Annual Report
62. PERIODE SETELAH TANGGAL PERIODE 62. SUBSEQUENT EVENT

PELAPORAN
Penggabungan PT Bank Syariah Mandiri, Merger of PT Bank Syariah Mandiri,

PT Bank BRI Syariah Tbk dan PT Bank BNI PT Bank BRI Syariah Tbk and PT Bank BNI
Syariah Syariah
Pada tanggal 12 Oktober 2020, PT Bank Rakyat On October 12, 2020, PT Bank Rakyat Indonesia
Indonesia (Persero) Tbk (BRI), PT Bank Mandiri (Persero) Tbk (BRI), PT Bank Mandiri (Persero)
(Persero) Tbk (Mandiri), PT Bank Negara Tbk (Mandiri), PT Bank Negara Indonesia
Indonesia (Persero) Tbk (BNI), PT Bank (Persero) Tbk (BNI), PT Bank BRISyariah Tbk
BRISyariah Tbk (BRIS), PT Bank Syariah Mandiri (BRIS), PT Bank Syariah Mandiri (BSM) dan PT
(BSM) dan PT Bank BNI Syariah (BNIS) telah Bank BNI Syariah (BNIS) have signed a
menandatangani Conditional Merger Agreement Conditional Merger Agreement (CMA) in relation
(CMA) atau Perjanjian Penggabungan Bersyarat with the merger of businesses of BRIS, BSM dan
dalam rangka penggabungan usaha BRIS, BSM BNIS (Merger Participating Banks).
dan BNIS (Bank Peserta Penggabungan).
Berdasarkan CMA, setelah tanggal efektif In accordance with the CMA, subsequent to the
penggabungan, BRIS akan menjadi entitas yang merger effective date, BRIS will be the surviving
menerima penggabungan (surviving entity) dan entity and all the shareholders of BNIS and BSM
seluruh pemegang saham BNIS dan BSM akan will be the shareholders of the surviving entity
menjadi pemegang saham dari entitas yang based on merger ratio.
menerima penggabungan berdasarkan rasio
penggabungan.
Pada tanggal 21 Oktober 2020, Bank Peserta On October 21, 2020, the Merger Participating
Penggabungan mengumumkan Merger Plan Banks announced the Merger Plan whereby the
dimana komposisi Pemegang Saham (dengan composition of shareholders (on the assumption
asumsi tidak ada MESOP BRIS dieksekusi) adalah that there is no executed MESOP of BRIS) is as
Jumlah Lembar Nilai Nominal/

Saham/ Nominal Amount Persentase/
Number of Shares (Nilai Penuh/Full Amount) Percentage
PT Bank Mandiri (Persero) Tbk 20,905,219,378 10,452,609,689,000 51.2%
PT Bank Negara Indonesia (Persero) Tbk 10,220,230,418 5,110,115,209,000 25.0%
PT Bank Rakyat Indonesia (Persero) Tbk 7,092,761,655 3,546,380,827,500 17.4%
DPLK BRI - Saham Syariah 841,296,000 420,648,000,000 2.1%
PT BNI Life Insurance 5,250,415 2,625,207,500 0.0%
PT Mandiri Sekuritas 34 17,000 0.0%
Publik 1,782,055,843 891,027,921,500 4.3%
40,846,813,743 20,423,406,871,500 100.0%
Otoritas Jasa Keuangan (OJK) Pasar Modal telah The Financial Service Authority (OJK) Capital
menyetujui pernyataan penggabungan usaha Market has approved the statement of merger of
BRIS, BNIS dan BSM melalui surat No. S- businesses of BRIS, BNIS and BSM through letter
289/D.04/2020 tertanggal 11 Desember 2020. No. S-289/D.04/2020 dated December 11, 2020.
Penggabungan usaha tersebut direncanakan akan The merger of businesses is planned to be
berlaku efektif di tanggal 1 Februari 2021 dan hasil effective on February 1, 2021 and the merger of
penggabungan usaha akan menggunakan nama businesses result will use name of PT Bank
PT Bank Syariah Indonesia. Sampai dengan Syariah Indonesia. Until the date of this
tanggal laporan keuangan konsolidasian, consolidated financial statements, the approval
persetujuan dari OJK Perbankan masih dalam from OJK Banking is still in process.
proses.
323
2020 Annual Report
The original supplementary financial statements included herein are in
the Indonesian language.
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION
Lampiran 1 Schedule 1
ENTITAS INDUK PARENT ENTITY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
2020 2019
ASET ASSETS
Kas 16,878,580 14,922,678 Cash
Giro pada Current accounts with Bank

Bank Indonesia 33,549,946 35,129,606 Indonesia
Dikurangi: Cadangan kerugian penurunan nilai (9) - Less: Allowance for impairment losses
15,566,040 14,594,572
Penempatan pada bank lain dan Placements with other banks and
Dikurangi: Cadangan kerugian penurunan nilai (173) - Less: Allowance for impairment losses
55,088,923 40,689,511

Dikurangi: Cadangan kerugian penurunan nilai (255,389) (276,639) Less: Allowance for impairment losses
15,532,965 19,817,845

dengan janji dijual kembali 8,666,091 411,442 under agreements to resell
Dikurangi: Cadangan kerugian penurunan nilai - - Less: Allowance for impairment losses
8,666,091 411,442
Dikurangi: Cadangan kerugian penurunan nilai (122,901) (142,078) Less: Allowance for impairment losses
17,893,534 19,207,603

Dikurangi: Cadangan kerugian penurunan nilai (1,198,591) (559,999) Less: Allowance for impairment losses
20,498,995 18,558,276
Tagihan derivatif 1,460,614 312,266 Derivative receivables

Dikurangi: Cadangan kerugian penurunan nilai (42,809,275) (15,837,399) Less: Allowance for impairment losses
508,977,499 506,912,700
324
2020 Annual Report
LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
2020 2019
ASET (lanjutan) ASSETS (continued)

setelah penyesuaian amortisasi adjusted for amortization
diskonto dan premi 73,605,934 65,204,165 of discount and premium
Dikurangi: Cadangan kerugian penurunan nilai (1,803) - Less: Allowance for impairment losses
73,604,131 65,204,165
Pajak dibayar di muka 1,048,889 1,048,889 Prepaid taxes
Beban dibayar dimuka 2,674,001 2,369,651 Prepaid expenses
Penyertaan saham - neto 4,343,360 3,844,428 Equity investments - net
Aset lain-lain - neto 12,001,830 10,457,282 Other assets - net
Aset tetap 36,776,351 34,314,961 Fixed assets

Dikurangi: Akumulasi penyusutan (10,892,153) (8,641,930) Less: Accumulated depreciation
25,884,198 25,673,031
Aset pajak tangguhan - neto 4,558,072 1,083,442 Deferred tax assets - net
TOTAL ASET 818,227,668 780,237,387 TOTAL ASSETS
325
2020 Annual Report
2020 2019
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
Liabilitas segera 5,507,692 5,223,746 Obligations due immediately
Simpanan dari bank lain 9,244,539 11,825,340 Deposits from other banks

dengan janji dibeli kembali 2,590,268 2,183,403 agreements to repurchase
Beban yang masih harus dibayar 1,040,810 823,162 Accrued expenses
Utang pajak Taxes payable

- Pajak penghasilan badan 917,428 364,911 Corporate income tax -
- Pajak lainnya 112,852 78,934 Other taxes -
Total utang pajak 1,030,280 443,845 Total taxes payable
Imbalan kerja 5,429,681 3,688,849 Employee benefits
Penyisihan 1,420,831 184,279 Provision
Liabilitas lain-lain 4,224,804 3,232,693 Other liabilities
Efek-efek subordinasi 99,975 99,965 Subordinated Securities
TOTAL LIABILITAS 714,611,911 663,339,181 TOTAL LIABILITIES
326
2020 Annual Report
2020 2019
EKUITAS EQUITY
Modal saham: Share capital:
- Seri A Dwiwarna - nilai nominal Class A Dwiwarna -
Rp7.500 per saham Rp7,500 par value per share
- Seri B - nilai nominal Class B - Rp7,500 -
Rp7.500 per saham par value per share
- Seri C - nilai nominal Class C - Rp375 -
Rp375 per saham par value per share
Modal dasar: Share capital - Authorized:

- Seri C - 34.213.162.660 saham Class C - 34,213,162,660 shares -
Modal ditempatkan dan disetor penuh: Issued and fully paid:

- Seri C - 18.359.314.591 saham 9,054,807 9,054,807 Class C - 18,359,314,591 shares -
Tambahan modal disetor 14,568,468 14,568,468 Additional paid-in capital
Cadangan revaluasi aset 14,470,301 14,804,855 Asset revaluation reserve
Rugi yang belum direalisasi atas Unrealized losses on available-

efek-efek dan Obligasi Pemerintah dalam for-sale marketable securities
kelompok tersedia untuk dijual, and Government Bonds,
setelah pajak 2,410,284 (256,907) net of tax
Exchange difference in
Selisih kurs karena penjabaran laporan translation of foreign currency
keuangan dalam mata uang asing 23,542 43,910 financial statements
Saldo laba Retained earnings

Sudah ditentukan penggunaannya Appropriated
Cadangan umum dan wajib 2,778,412 2,778,412 General and legal reserves
Cadangan khusus - - Specific reserves
Tidak ditentukan penggunaannya 60,389,392 75,904,661 Unappropriated
63,167,804 78,683,073
Saham treasuri (79,449) - Treasury shares
TOTAL EKUITAS 103,615,757 116,898,206 TOTAL EQUITY
TOTAL LIABILITAS TOTAL LIABILITIES AND

DAN EKUITAS 818,227,668 780,237,387 EQUITY
327
2020 Annual Report
Lampiran 2
PT BANK NEGARA INDONESIA (PERSERO) Tbk Schedule 2
ENTITAS INDUK PT BANK NEGARA INDONESIA (PERSERO) Tbk
LAPORAN LABA RUGI DAN PENGHASILAN PARENT ENTITY
KOMPREHENSIF LAIN STATEMENT OF PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir Pada Tanggal COMPREHENSIVE INCOME

2020 2019
PENDAPATAN BUNGA 51,899,056 54,195,638 INTEREST INCOME
BEBAN BUNGA (18,006,553) (20,873,312) INTEREST EXPENSE
PENDAPATAN BUNGA - NETO 33,892,503 33,322,326 INTEREST INCOME - NET
PENDAPATAN OPERASIONAL
LAINNYA OTHER OPERATING INCOME
Provisi dan komisi lainnya 8,781,010 9,347,930 Other fee and commission
Penerimaan kembali aset yang telah
dihapusbukukan 1,548,562 2,354,214 Recovery of assets written off
Keuntungan (kerugian) yang belum Unrealized gain (losses) from
direalisasi dari aset keuangan from financial assets
yang dimiliki untuk diperdagangkan 10,402 12,114 held for trading
Keuntungan dari penjualan aset keuangan Gain on sale of financial assets
yang diklasifikasikan tersedia untuk dijual classified as available-for-sale
dan dimiliki untuk diperdagangkan 1,389,743 965,489 and held for trading
Laba selisih kurs - neto 1,093,860 628,605 Foreign exchange gains - net
TOTAL PENDAPATAN TOTAL OTHER OPERATING

OPERASIONAL LAINNYA 13,381,273 13,819,181 INCOME
PEMBENTUKAN CADANGAN KERUGIAN ALLOWANCE FOR

PENURUNAN NILAI (22,031,089) (8,239,342) IMPAIRMENT LOSSES
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES

Gaji dan tunjangan (7,988,936) (8,677,731) Salaries and employees’ benefits
Umum dan administrasi (8,081,674) (7,393,438) General and administrative
Beban promosi (930,566) (1,174,361) Promotion expense
Premi penjaminan (1,188,620) (1,110,996) Guarantee premium
Lain-lain (2,688,797) (2,315,745) Others
TOTAL BEBAN OPERASIONAL TOTAL OTHER OPERATING

LAINNYA (20,878,593) (20,672,271) EXPENSES
LABA OPERASIONAL 4,364,094 18,229,894 OPERATING INCOME
PENDAPATAN/(BEBAN) BUKAN NON-OPERATING INCOME/

OPERASIONAL - NETO (13,410) 30,864 (EXPENSES) - NET
LABA SEBELUM INCOME BEFORE

BEBAN PAJAK 4,350,684 18,260,758 TAX EXPENSE
BEBAN PAJAK TAX EXPENSE

Kini (2,008,644) (3,802,159) Current
Tangguhan 413,155 154,265 Deferred
TOTAL BEBAN PAJAK (1,595,489) (3,647,894) TOTAL TAX EXPENSE
328
2020 Annual Report
Lampiran 2
PT BANK NEGARA INDONESIA (PERSERO) Tbk Schedule 2
ENTITAS INDUK PT BANK NEGARA INDONESIA (PERSERO) Tbk
LAPORAN LABA RUGI DAN PENGHASILAN PARENT ENTITY
KOMPREHENSIF LAIN (lanjutan) STATEMENT OF PROFIT OR LOSS AND OTHER
Untuk Tahun yang Berakhir Pada Tanggal COMPREHENSIVE INCOME (continued)

2020 2019

LAIN: INCOME:
Pos-pos yang tidak akan Items that will not be

Keuntungan revaluasi aset tetap - - Gain on revaluation of fixed assets
Pengukuran kembali liabilitas Remeasurement of post

imbalan kerja (2,332,816) (296,506) employment benefit
Pajak penghasilan terkait dengan Income tax relating to

komponen pendapatan components of other
komprehensif lain 400,277 59,301 comprehensive income
Pos-pos yang akan Items that will be

Penyesuaian akibat penjabaran Translation adjustment
laporan keuangan dalam of foreign currency
mata uang asing (20,367) (41,041) financial statements
Keuntungan (kerugian) dari perubahan Gains (losses) on changes in value of

nilai aset keuangan dalam kelompok financial assets categorized as
tersedia untuk dijual 2,562,326 3,410,365 available-for-sale
Pajak penghasilan terkait dengan Income tax relating to

komponen pendapatan components of other
komprehensif lain (415,343) (682,073) comprehensive income

LAIN TAHUN BERJALAN INCOME FOR THE YEAR
SETELAH PAJAK 194,077 2,450,046 AFTER TAXES
TOTAL LABA KOMPREHENSIF TOTAL COMPREHENSIVE

TAHUN BERJALAN 2,949,272 17,062,910 INCOME FOR THE YEAR
329
2020 Annual Report
The original supplementary financial statements included herein are in the Indonesian language.
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
Rugi yang
belum direalisasi
atas efek-efek
dan Obligasi
Pemerintah Selisih
tersedia penjabaran
untuk dijual laporan Saldo laba/Retained earnings
neto setelah keuangan
pajak/ dalam mata Dicadangkan/
Unrealized uang asing/ Appropriated
Modal gains (losses) Exchange

ditempatkan on available- difference from Cadangan Cadangan
dan disetor for-sale translation of revaluasi umum
penuh/ Tambahan securities foreign aset/ dan wajib/
Issued and modal disetor/ and Government currency Asset General Tidak Saham
fully paid-up Additional Bonds, financial revaluation and legal dicadangkan/ treasuri/ Total ekuitas/
capital paid-in capital net of tax statements reserve reserves Unappropriated*) Treasury shares Total equity
Saldo per 31 Desember 2019 9,054,807 14,568,468 (256,907) 43,910 14,804,855 2,778,412 75,904,661 - 116,898,206 Balance as of 31 December 2019
Dampak transisi penerapan Pernyataan Standar Akuntansi Impact from the adoption of Statements of
(PSAK) 71 - - 541,412 - - - (12,847,565) - (12,306,153) Financial Standards (SFAS) 71
Saldo pada tanggal 1 Januari 2020 setelah penerapan PSAK 71 9,054,807 14,568,468 284,505 43,910 14,804,855 2,778,412 63,057,096 - 104,592,053 Balance as of 1 January 2020 after adoption of SFAS 71
Laba komprehensif tahun berjalan - - 2,125,779 (20,368) 18,552 - 825,309 - 2,949,272 Comprehensive income for the year
Saham treasuri - - - - - - - (79,449) (79,449) Treasury shares
Pelepasan tanah/bangunan yang telah direvaluasi - - - - (353,106) - 353,106 - - Land/building disposal after revaluation
Pembagian dividen tunai - - - - - - (3,846,119) - (3,846,119) Distribution of cash dividends
Saldo per 31 Desember 2020 9,054,807 14,568,468 2,410,284 23,542 14,470,301 2,778,412 60,389,392 (79,449) 103,615,757 Balance as of 31 December 2020

2020 Annual Report
330
1173
1174
The original supplementary financial statements included herein are in the Indonesian language.
LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
2020 Annual Report

(Rugi) laba yang

belum direalisasi
atas efek-efek
dan Obligasi
Pemerintah Selisih

tersedia penjabaran
untuk dijual, laporan Saldo laba/Retained earnings
setelah pajak/ keuangan
Unrealized dalam mata Dicadangkan/
(losses) gains uang asing/ Appropriated
Modal on available- Exchange
ditempatkan for-sale difference from Cadangan Cadangan
dan disetor marketable translation of revaluasi umum
penuh/ Tambahan securities foreign aset/ dan wajib/
Issued and modal disetor/ and Government currency Asset General Tidak
fully paid-up Additional Bonds, financial revaluation and legal dicadangkan/ Total ekuitas/
capital paid-in capital net of tax statements reserve reserves Unappropriated*) Total equity
Saldo per 31 Desember 2018 9,054,807 14,568,468 (2,985,199) 84,951 14,836,707 2,778,412 65,250,930 103,589,076 Balance as of 31 December 2018
Laba komprehensif tahun berjalan - - 2,728,292 (41,041) - - 14,375,659 17,062,910 Comprehensive income for the year
Pembagian dividen tunai - - - - - - (3,753,780) (3,753,780) Distribution of cash dividends
Pelepasan tanah/bangunan yang telah direvaluasi - - - - (31,852) - 31,852 - Land/building disposal after revaluation
Saldo per 31 Desember 2019 9,054,807 14,568,468 (256,907) 43,910 14,804,855 2,778,412 75,904,661 116,898,206 Balance as of 31 December 2019

331
LAPORAN ARUS KAS STATEMENT OF CASH FLOWS

2020 2019

OPERASI OPERATING ACTIVITIES
Pendapatan bunga 52,051,069 55,795,303 Interest income
Beban bunga (18,386,725) (20,998,129) Interest expenses
Pendapatan operasional lainnya 11,046,094 13,989,296 Other operating income
Beban operasional lainnya (15,760,452) (18,732,022) Other operating expenses
(Beban)/pendapatan bukan operasional - bersih (13,411) 30,864 Non-operating (expense)/income - net
Pembayaran pajak penghasilan (1,329,967) (3,851,955) Payment of income tax
Arus kas sebelum perubahan dalam Cash flows before changes in
aset dan liabilitas operasi 27,606,608 26,233,357 operating assets and liabilities
Perubahan dalam aset dan liabilitas operasi: Changes in operating assets and liabilities:
Penurunan/(kenaikan) aset operasi: Decrease (increase) in operating assets:
Penempatan pada Bank Indonesia dan Placements with Bank Indonesia and
Bank lain 31,952,915 (30,522,991) other banks
Efek-efek dan Obligasi
Pemerintah yang diukur Marketable securities and
pada nilai wajar melalui Government Bond at fair value
laporan laba rugi (458,778) 559,587 through profit or loss
Wesel ekspor dan tagihan lainnya (8,254,649) 5,395,525 Bills and other receivables
dengan janji dijual kembali 1,333,246 (411,442) under agreements to resell
Pinjaman yang diberikan (38,806,223) (44,905,774) Loans
Tagihan akseptasi (2,579,311) 1,304,607 Acceptance receivables
Biaya dibayar di muka (304,350) (254,750) Prepaid expenses
Aset lain-lain (1,696,286) (1,686,176) Other assets
Increase/(decrease) in operating
Kenaikan/(penurunan) liabilitas operasi: liabilities:
Liabilitas segera 283,946 1,108,343 Obligations due immediately
Simpanan dari bank lain (2,580,802) (2,353,665) Deposits from other banks
Beban yang masih harus dibayar 217,648 153,149 Accrued expenses
Imbalan kerja (1,057,477) 532,351 Employee benefits
Liabilitas akseptasi 81,466 976,961 Acceptance payables
Utang pajak (92,242) 43,565 Taxes payable
Liabilitas lain-lain (377,302) 85,930 Other liabilities
Kas neto diperoleh dari/(digunakan untuk) Net cash provided from/(used in)
aktivitas operasi 66,404,998 (17,325,269) operating activities
CASH FLOWS FROM INVESTING

ARUS KAS DARI AKTIVITAS INVESTASI ACTIVITIES
Penerimaan efek-efek yang diukur Proceed of marketable
pada nilai wajar melalui penghasilan securities measured at fair value
komprehensif lain dan biaya perolehan through other comprehensive income
yang diamortisasi - neto 4,485,354 7,377,339 and amortized cost - net
Penerimaan/(Penempatan) Obligasi Proceed/(Placement) sales of
Pemerintah - neto (5,713,136) 9,003,368 Government Bond - net
Penambahan aset tetap (1,111,431) (1,556,822) Acquisition of fixed assets
Hasil penjualan aset tetap 17,191 124,443 Proceeds from sale of fixed assets
Kas neto diperoleh dari Net cash provide from
aktivitas investasi (2,322,022) 14,948,328 investing activities
332
2020 Annual Report
LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)

2020 2019
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM FINANCING

PENDANAAN ACTIVITIES
(Penurunan) pinjaman Increase in borrowings
yang diterima (13,449,785) 4,809,527 decrease in marketable
(Penurunan)/kenaikan efek-efek yang (Decrease)/increase in securities sold

dijual dengan janji dibeli kembali 507,304 (20,010,574) under agreements to repurchase
Saham treasuri (79,449) - Treasury shares
Pembayaran liabilitas sewa (125,588) - Payment of lease liability
Pembayaran dividen (3,846,119) (3,753,780) Payment of dividends
Kas neto digunakan untuk Net cash used in
aktivitas pendanaan (16,993,637) (18,954,827) financing activities
KENAIKAN NETO NET INCREASE IN

KAS DAN SETARA KAS 47,089,339 (21,331,768) CASH AND CASH EQUIVALENTS

AWAL TAHUN 73,089,572 94,538,443 AT BEGINNING OF YEAR
Pengaruh perubahan kurs Effect of foreign currency
mata uang asing 610,881 (117,103) exchange rate changes
AKHIR TAHUN 120,789,792 73,089,572 AT END OF YEAR
COMPONENTS OF CASH AND

KOMPONEN KAS DAN SETARA KAS: CASH EQUIVALENTS:
Kas 16,878,580 14,922,678 Cash
Giro pada Bank Indonesia 33,549,946 35,129,606 Current accounts with Bank Indonesia
Penempatan pada Bank Indonesia dan Placement with Bank Indonesia and
bank lain - jangka waktu other banks - maturing
jatuh tempo tiga bulan atau kurang sejak within three months of
tanggal perolehan 54,795,217 8,442,716 acquisition date
Total kas dan setara kas 120,789,792 73,089,572 Total cash and cash equivalents
333
2020 Annual Report
CATATAN ATAS LAPORAN KEUANGAN - NOTES TO THE FINANCIAL STATEMENTS -

Perubahan pada liabilitas yang timbul dari aktivitas Changes in liabilities arising from financing
pendanaan pada laporan arus kas adalah sebagai activities in the cash flow statement is as follows:
berikut:
1 Januari/ Arus kas/ Lain-lain/ 31 Desember/

Pinjaman yang diterima 56,014,420 (13,449,785) 409,371 42,974,006 Borrowings

janji dibeli kembali 2,183,403 507,305 (100,440) 2,590,268 agreements to repurchase
Saham Tresuri - (79,449) - (79,449) Treasury shares
Liabilitas Sewa 1,125,661 (125,588) 184,156 1,184,229 Lease Liabilities
Total 59,423,449 (13,147,517) 493,097 46,769,029 Total
1 Januari/ Arus kas/ Lain-lain/ 31 Desember/

Pinjaman yang diterima 51,267,143 4,809,527 (62,250) 56,014,420 Borrowings
janji dibeli kembali 21,524,329 (20,010,573) 669,648 2,183,404 agreements to repurchase
Total 72,891,425 (15,201,046) 607,410 58,297,789 Total
1. Ikhtisar Kebijakan Akuntansi Signifikan 1. Significant Accounting Policy
Dasar penyusunan laporan keuangan tersendiri Basis of preparation of the separate financial
entitas induk. statements of the parent entity.
Laporan keuangan tersendiri entitas induk disusun The separate financial statements of parent entity
sesuai dengan Pernyataan Standar Akuntansi are prepared in accordance with the statement of
Keuangan (“PSAK”) 4 (revisi 2013), “Laporan Financial Accounting Standards (“SFAS”) 4
Keuangan Tersendiri”. (revised 2013), “Separate Financial Statements”.
PSAK 4 (Revisi 2013) mengatur dalam hal entitas SFAS 4 (Revised 2013) regulates that when an
menyajikan laporan keuangan tersendiri maka entity presents the separate financial statements,
laporan tersebut hanya dapat disajikan sebagai such financial statements should be presented as
informasi tambahan dalam laporan keuangan supplementary information to the consolidated
konsolidasian. Laporan keuangan tersendiri adalah financial statements. Separate financial
laporan yang disajikan oleh entitas induk yang statements are those presented by a parent
mencatat investasi pada entitas anak, entitas entity, in which the investments are accounted for
asosiasi, dan pengendalian bersama entitas on the basis of the direct equity interest rather than
berdasarkan kepemilikan ekuitas langsung bukan on the basis of the reported results and net assets
berdasarkan pelaporan hasil dan aset neto of the investees.
investee.
Kebijakan akuntansi yang diterapkan dalam Accounting policies adopted in the preparation of
penyusunan laporan keuangan tersendiri entitas the parent entity separate financial statements are
induk adalah sama dengan kebijakan akuntansi the same as the accounting policies adopted in the
yang diterapkan dalam penyusunan laporan preparation of the consolidated financial
keuangan konsolidasian sebagaimana statements as disclosed in Note 2 to the
diungkapkan pada Catatan 2 atas laporan consolidated financial statements, except for
keuangan konsolidasian, kecuali untuk penyertaan investments in subsidiaries which are stated at
pada entitas anak yang disajikan pada biaya cost.
perolehan.
334
2020 Annual Report
CATATAN ATAS LAPORAN KEUANGAN - NOTES TO THE FINANCIAL STATEMENTS -

2. Penyertaan Saham 2. Equity Investment
Informasi mengenai entitas anak yang dimiliki Bank Information pertaining to subsidiaries of the Bank
diungkapkan pada Catatan 1i atas laporan is disclosed in Note 1i to the consolidated financial
keuangan konsolidasian. statements.
335
2020 Annual Report
Attachment
Financial Services Authority Circular
Letter No. 9/Seojk.03/2020 Concerning
Transparency and Publication of
Conventional Commercial Bank Reports
Description Page
1. General Information
a. Financial Highlights presents financial information in a comparative format for 2 (two) financial years, or since 10-15
the Bank begins its business for banks that have been in business for less than 2 (two) years. At the very least,
financial highlights covers:
1) Net interest income; 12
2) Operating profit; 12
3) Profit before tax; 12
4) Net profit; 12
5) Total comprehensive profit/loss; 12
6) Net income per share; 12
7) Total assets; 10
8) Total liabilities; 10
9) Total equity; 11
10) Earning assets; 14
11) Third party funds; 10
12) Borrowings; 10
13) CAR; 14
14) Return on Asset (ROA); 14
15) Return on Equity (ROE); 14
16) Profit margin (profit/loss to income ratio); 14
17) Rasio Beban Operating Expenses to Operating Income Ratio (BOPO); 15
18) Cost to Income Ratio (CIR); 15
19) Percentage of Violation and Exceedance of Legal lending Limit (LLL); 15
20) Mandatory Minimum Reserves (GWM) Ratio; 15
21) Net Open Position (PDN) Ratio; and 15
22) Other information and ratios relevant to the banking industry. 14-15
b. Bank Profile 62-161
Bank profile covers at the very least:
1) Name of Bank, including if any, change of name, reaon for the change, and effective date of name change in the 62-61
financial year;
2) Access to the Bank, including branch or representative offices, whereby the general public may obtain information 63; 143-145
on the Issuer or Public Company, comprising of:
a) Address; √
b) Telephone number; √
c) E-mail address; and √
d) Website address; √
3) Brief profile of the Bank; 8-9; 64-65
4) Vision and mission of the Bank; 76-77
5) Line(s) of business according to the latest articles of association, business activites performed in the Financial Year, 67-71
and types of products and/or services provided;
2020 Annual Report

Attachment Financial Services Authority Circular
Transparency and Publication of Conventional Commercial Bank Reports
Description Page
6) Organization structure of Bank, at the very least to 1 (one) level below the Directors, with names and positions; 74-75
7) Shareholding structure and composition, that is, names of shareholders and percentage of shareownership, 80-101, 118-
including: 119
a) Shareholders with a minimum of 5% (five percent) of shares of the Bank; 119
b) Members of the Board of Directors and Board of Commissioners that own shares of the Bank; 80-101
c) Public shareholders, that is, shareholders that each held less than 5% (five percent) of shares of the Bank; 119
d) information on the majority and controlling shareholder(s) of the Bank, direct or indirect, up to the individual 124
ultimate shareholders, presented in a schematic diagram or chart;
8) Name of subsidiary entity, associated company or joint venture company where the Bank exercise a joint control 120-123
with the entity, along with the percentage of shareownership, lines of business, total assets, and operating status
of the entity (if any);
9) For subsidiary entities, include information on address of such subsidiary entities; 143
10) Profiles of the Board of Directors and Board of Commissioners, covering at least 82-101
a) Composition of the Board of Directors and the Board of Commissioners, along with the position and brief √
resume of the respective members thereof;
b) Names and position according to the duties and responsibilities; √
c) Latest photograph; √
d) Age; √
e) Nationality; √
f) Education background; √
g) Work history, including information on: √
(1) Legal basis of appointment as member of the Board of Directors and Board of Commissioner of the Bank √
(2) Concurrent position(s), as member of the board of directors, board of commissioners, and/or committes √
and other position (if any); and
(3) Work history, with period of service thereon, with or without the Bank; √
h) Education and/or training attended by member of the Board of Directors and Board of Commissioners for √
competence development during the financial year (if any); and
i) Affiliation with other member of the Board of Directors, Board of Commissioners, or the majority shareholder √
(if any), disclosing the name of affiliated party.
11) In the event of changes in the membership composition of the Board of Directors and/or the Board of √
Commissioners occuring subsequent to the end of the Financial Year and up to the deadline for submission of the
annual report of published financial statements and information on financial performance, membership composition
of the Board of Directors and/or Board of Commissioners shall be presented both prior and after such change(s);
12) Brief profiles of executive officers, with structure, position and summary curriculum vitae; 102-115
13) Total headcount, and employee distribution in the Financial Year by education and age; and 116-117
14) Awards and/or certifications in domestic as well as international scope, received by the Bank in the last Financial 135-142
Year (if any), which covers:
a) Name of award and/or certification; √
b) Issuing institution or agency; and √
c) Validity period of such award and/or certification (if any). √
2. Information on Financial Performance
a. Report of the Board of Directors 44-55
Brief description of the Bank performance, at the very least covering:
1) Strategy and policies of the Bank’s management, including for the Sharia Business Unit (UUS) for banks that have 46-47
an UUS;
2) Comparison between achievement and targets; 48
3) Constraints faced by the Bank; 48
4) Overview of business prospects; 49-50
5) Implementation of Bank governance; 51-52
6) Changes in the composition of the Board of Directors and reason for such changes (if any); 53-55
7) Organization structure; 74-75
8) Primary activities; 67
2020 Annual Report

Description Page
9) Information Technology; 320-335

10) Types of products and services, including lending to debtors in the micro-, small- and medium-business sectors; 68-71
11) Interest rates on deposits and loans; 49; 259
12) Developments in the economy and target market; 164-169
13) Business and partnership networks, domestic and/or overseas; 143-145
14) Number, types and location of offices; 72
15) Ownership by the board of directors, board of commissioners and shareholders in the business group of the Bank; 82-101; 118-
119
16) Significant changes at the Bank or the Bank’s business group in the reporting year; 6-27; 164-443
17) Prediction of significant future issues; and 300-301
18) Human resources, covering number of employees as well as education, training, and development programs for 116-117; 308-
human resources. 319
b. Report of the Board of Commissioners 30-41
The report of the Board of Commissioners covers at least:
1) Structure of the Board of Commissioners, with position and summary curriculum vitae; 80-89
2) Assessment of the performance of the Board of Directors in the management of the Bank; 32-33
3) Supervision of the implementation of Bank’s strategies; 33
4) Opinion on the business prospects as prepared by the Board of Directors; 34
5) Opinion on the implementation of Bank governance; 36-39
6) Changes in the composition of the Board of Commissioners and reason for such changes (if any); and 40
7) Frequency and mechanism for advising members of the Board of Directors; 38
c. Management Discussion & Analysis
Management discussion and analysis presents an analysis and discussion of financial statements accounts and other 164-259
important information with an emphasis on material changes that occurred during the Financial Year, which at least
includes:
1) Review of operations by business segment, including for UUS, at least of: 172-235
a. Revenues; and √
b. Profitability; √
2) Review of financial performance, comprising a comparison of the financial performance for the current year wuth 236-259
the previous year, as well as explanation on the cause of changes and impact of such changes, covering at least:
a. Investment of funds (investments and disbursement of loan/financing) and total assets; 237-247
b. Third party funds and other sources of funding; 247-253
c. Equity; 254
d. Revenues, expenses, profit (loss), other comprehensive income, and total comprehensive profit (loss); 255-258
e. Cash flows; and 258-259
f. Prime lending rate; 259
3) Analysis of the quality of earning assets and relevant financial ratios; 260-261
4) Capital structure of Bank; 271-272; 354-
358
5) Material information and facts subsequent to the date of accountant report (if any); and 275-277
6) Marketing aspects of Bank’s products, at least on marketing strategy amd market share; 228-235
3. Information on Risk Exposure and Capital
In the event that the Bank includes the corporate governance report into the Annual Financial Publication Report and 354-443
Financial Performance Information, the scope and guidelines for such report shall refer to the applicable POJK on
implementation of governance for commercial banks.
4. Sustainability Report
Dalam hal Bank menggabungkan laporan pelaksanaan tata kelola dalam Laporan Publikasi Keuangan dan Informasi Kinerja 444-793
Keuangan Tahunan, maka ruang lingkup dan pedoman pengisian mengacu pada POJK mengenai penerapan tata kelola bagi
bank umum.
2020 Annual Report

Attachment Financial Services Authority Circular
Transparency and Publication of Conventional Commercial Bank Reports
Description Page
5. Sustainability Report
a. As regulated in the relevant POJK, a Sustainability Report covers the implementation of sustainable financing for 794-835
financial services institutions, issuers and public companies. In the event that the Bank includes the sustainability report
into the Annual Financial Publication Report and Financial Performance Information, the scope and guidelines for such
report shall refer to the applicable POJK.
b. Report on the implementation of social and environmental responsibility as regulated in the relevant laws and
regulations on social and environmental repsonsibility for limited liability companies.
1) Information on the implementation of social and environmental responsibility covers the management policy, types
of programs and costs expended, on aspects of:
a) environment; 809-815
b) labor practices; 816-821
c) sound institutional practices; 799-808
d) consumer; and 822-825
e) community development. 826-835
2) In the event that the Bank presents information on social and environmental responsibility as referred to in point √
1) in a separate report such as in a social and environmental responsibility report, the Bank is exempted from
disclosing information regarding social and environmental responsibility in the annual report of published financial
statements and information on financial performance.
6. Annual Financial Statements
The annual financial statements that have been audited by a Public Accountant and Public Accountant Firm registered with 838-1178
the OJK.
7. Information on the Business Group of the Bank
a. A Bank that is part of a business group and/or have a Subsidiary, shall additionally report on: 124; 574
1) Structure of the Bank business group, covering:
a) the structure of the business group, comprising of the Bank, Subsidiary Entities, related (sister) companies, 124
Parent Entity, and up to the ultimate shareholder;
b) the structure of management inter-relationship of entities in the business group; and 124
c) any shareholders acting in concert. Shareholders acting in concert refer to individual or institutional 118-119; 124
shareholders with a common objective of controlling the Bank, with or without a formal agreement;
2) transactions between the Bank and related parties in the Bank’s business group, with consideration of the 282-288
following:
a) information on transactions with related parties, whether conducted by Bank or by any entity in the Bank √
business group in the financial sector;
b) related parties are parties defined as such in relevant financial accounting standards; √
c) types of transaction with related parties, including: √
(1) cross shareholding; √
(2) transactions by a business group performed in the interest of another business group √
(3) short-term liquidity management in the business group; √
(4) funding provided to, or received by, another entity in a business group; √
(5) exposure to a majority shareholder in the form of, among others, loans, commitments and contingencies; √
and
(6) transactions for the purchase, sale and/or rental of assets with another entity in the business group, √
including transactions with repurchase agreement (repo);
3) transactions with related parties conducted by each entity in the Bank business group in the financial sector; 282-288
4) the provision of funding, commitments or equivalent facilities from an entity in the Bank business group to the 287-288
customers and/or parties that already received financing from the Bank; and
5) any prohibition, restriction, and/or other significant constraint to transfer funds or to fulfill the required regulatory 287
capital between the Bank and other entities in a business group;
8. Additional Information for Banks that are also an Issuer and/or Public Company
The Bank that is also an Issuer and/or a Public Company should include in addition the scope of information in accordance √
with the provisions of OJK Regulation regarding the annual report of issuer or public company.
2020 Annual Report

Cross Reference of SEOJK No. 30/SEOJK.04/2016:
Annual Report of Public Company
Description Page
I. General Provision
1. Annual Report of a listed company is one of the most important sources as the base for investors or shareholders in √
making investment decision, and is a means of monitoring issuers or public company.
2. Along with the development of Capital Market and the growing needs of investors or shareholders regarding information √
disclosure, the Board of Directors and the Board of Commissioners are required to improve the quality of information
disclosure through annual report.
3. Annual Report should be prepared in an orderly manner and should be informative to provide conveniences for the √
investors or shareholders in getting the information they need.
4. This Circular Letter of the Financial Service Agency serves a guidelines for Issuers or Public Companies that should be √
applied in preparing their Annual Report.
II. Format of Annual Report
1. Annual Report should be presented in the printed format and in electronic document copy. √
2. The printed version of the Annual Report should be printed on light-colored paper of fine quality, in A4 size, bound and √
can be reproduced in good quality.
3. The Annual Report presented in electronic document format is the Annual Report converted into pdf format. √
III. Content of Annual Report
1. General Provision
a. Annual Report should contain at least the following information:
1) summary of key financial information; 10-15
2) stock information (if any); 18-20
3) the Board of Directors report; 44-55
4) the Board of Commissioners report; 30-41
5) profile of Issuer or Public Company; 62-161
6) management discussion and analysis; 164-443
7) corporate governance applied by the Issuer or Public Company; 444-793
8) corporate social and environmental responsibility of the Issuer or Public Company; 794-835
9) audited annual report; and 838-1178
10) statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual Report; 58-59
b. Annual Report may present the information in form of images, charts, tables, and diagrams are presented by √
mentioning the title and/or clear description, that is easy to read and be understood;
2. Description of Content of Annual Report
a. Summary of Key Financial Information 10-15
Summary of Key Financial Information contains financial information presented in comparison with previous 3 (three)
fiscal years or since commencement of business if the Issuers or the Public Company commencing the business less
than 3 (three) years, at least contain:
1) income/sales; 12
2) gross profit; 12
3) profit (loss); 12
4) total profit (loss) attributable to equity holders of the parent entity and non-controlling interest; 12
5) total comprehensive profit (loss); 12
6) total comprehensive profit (loss) attributable to equity holders of the parent entity and non controlling interest; 12
7) earning (loss) per share; 12
8) total assets; 10
9) total liabilities; 10
10) total equities; 11
2020 Annual Report

Description Page
11) profit (loss) to total assets ratio; 14

12) profit (loss) to equities ratio; 14
13) profit (loss) to income ratio; 14
14) current ratio; 14
15) liabilities to equities ratio; 14
16) liabilities to total assets ratio; and 14
17) other information and financial ratios relevant to the Issuer or Public Company and type of industry; 14-15
b. Stock Information 18-20
Stock Information (if any) at least contains:
1) shares issued for each three-month period in the last 2 (two) fiscal years (if any), at least covering: 18-19
a) number of outstanding shares; 18
b) market capitalization based on the price at the Stock Exchange where the shares listed on; 18
c) highest share price, lowest share price, closing share price at the Stock Exchange where the shares listed on; 18-19
and
d) share volume at the Stock Exchange where the shares listed on; 18-19
Information in point a) should be disclosed by the Issuer, the public company whose shares is listed or not √
listed in the Stock Exchange;
Information in point b), point c), and point d) only be disclosed if the Issuer is a public company whose shares is √
listed in the Stock Exchange;
2) in the event of corporate actions, including stock split, reverse stock, dividend, bonus share, and change in par
value of shares, then the share price referred to in point 1), should be added with explanation on:
a) date of corporate action;
20
b) stock split ratio, reverse stock, dividend, bonus shares, and change in par value of shares;
c) number of outstanding shares prior to and after corporate action; and
d) share price prior to and after corporate action;
3) in the event that the company’s shares were suspended and/or delisted from trading during the year under review, 22
then the Issuers or Public Company should provide explanation on the reason for the suspension and/or delisting;
and
4) in the event that the suspension and/or delisting as referred to in point 3) was still in effect until the date of the 22
Annual Report, then the Issuer or the Public Company should also explain the corporate actions taken by the
company in resolving the suspension and/or delisting;
c. The Board of Directors Report 44-45
The Board of Directors Report should at least contain the following items:
1) the performance of the Issuer or Public Company, at least covering:
a) strategy and strategic policies of the Issuer or Public Company; 46-47
b) comparison between achievement of results and targets; and 48
c) challenges faced by the Issuer or Public Company; 48
2) description on business prospects; 49-50
3) implementation of good corporate governance by Issuer or Public Company; and 51-52
4) changes in the composition of the Board of Directors and the reason behind (if any); 53-55
d. The Board of Commissioners Report 30-41
The Board of Commissioners Report should at least contain the following items:
1) assessment on the performance of the Board of Directors in managing the Issuer or the Public Company; 32-33
2) supervision on the implementation of the strategy of the Issuer or Public Company; 33
3) view on the business prospects of the Issuer or Public Company as established by the Board of Directors; 34
4) view on the implementation of the corporate governance by the Issuer or Public Company; 36-39
5) changes in the composition of the Board of Commissioners and the reason behind (if any); and 40
6) the frequency and procedure of providing advice to members of the Board of Directors; 38
2020 Annual Report

Description Page
e. Profile of the Issuer or Public Company

Profile of the Issuer or Public Company should cover at least:
1) name of Issuer or Public Company, including change of name, reason of change, and the effective date of the 62-63
change of name during the year under review;
2) access to Issuer or Public Company, including branch office or representative office, where public can have access 63; 143-145
of information of the Issuer or Public Company, which include:
a) address; √
b) telephone number; √
c) facsimile number; √
d) e-mail address; and √
e) website address; √
3) brief history of the Issuer or Public Company; 8-9; 64-65
4) vision and mission of the Issuer or Public Company; 76-77
5) line of business according to the latest Articles of Association, and types of products and/or services produced; 67-71
6) structure of organization of the Issuer or Public Company in chart form, at least 1 (one) level below the Board of 74-75
Directors, with the names and titles;
7) the Board of Directors profiles include: 90-101
a) name and short description of duties and functions; √
b) latest photograph; √
c) age; √
d) citizenship; √
e) education; √
f) history position, covering information on: √
(1) legal basis for appointment as member of the Board of Directors to the said Issuer or Public Company; √
(2) dual position, as member of the Board of Directors, member of the Board of Commissioners, and/or √
member of committee, and other position (if any); and
(3) working experience and period in and outside the Issuer or Public Company; √
g) competency enhancement education and/or training program for member of the Board of Directors during the √
year under review (if any); and
h) disclosure of affiliation with other members of the Board of Directors, members of the Board of √
Commissioners, and major shareholders (if any) including name of the affiliated party;
8) the Board of Commissioners profiles, at least include: 80-89
a) name; √
b) latest photograph; √
c) age; √
d) citizenship; √
e) education; √
f) history position, covering information on: √
(1) legal basis for the appointment as member of the Board of Commissioners who is not Independent √
Commissioner at the said Issuer or Public Company;
(2) legal bases for the first appointment as member of the Board of Commissioners who also Independent √
Commissioner at the said Issuer or Public Company;
(3) dual position; as member of the Board of Commissioners, member of the Board of Directors, and/or √
member of committee and other position (if any); and
g) competency enhancement education and/or training program for member of the Board of Commissioner during √
the year under review (if any);
h) affiliation with other members of the Board of Commissioners, and major shareholders (if any) including name √
of the affiliated party; and
i) statement of independence of Independent Commissioner in the event that the Independent Commissioner √
has been appointed more than 2 (two) periods (if any);
2020 Annual Report

Description Page
9) in the event that there were changes in the composition of the Board of Commissioners and/or the Board of √
Directors occurring between the period after year-end until the date the Annual Report submitted, then the last
and the previous composition of the Board of Commissioners and/or the Board of Directors shall be stated in the
Annual Report;
10) number of employees and description of distribution of education level and age of the employee in the year under 116-117; 308-
review; 319
11) names of shareholders and ownership percentage at the end of the fiscal year, including: 80-101; 118-
119
a) shareholders having 5% (five percent) or more shares of Issuer or Public Company; 119
b) Commissioners and Directors who own shares of the Issuers or Public Company; and 80-101
c) groups of public shareholders, or groups of shareholders, each with less than 5% (five percent) ownership 119
shares of the Issuers or Public Company;
12) number of shareholders and ownership percentage at the end of the fiscal year, based on: 118-119
a) ownership of local institutions; √
b) ownership of foreign institutions; √
c) ownership of local individual; and √
d) ownership of foreign individual; √
13) information on major shareholders and controlling shareholders the Issuers of Public Company, directly or 124; 578
indirectly, and also individual shareholder, presented in the form of scheme or diagram;
14) name of subsidiaries, associated companies, joint venture controlled by Issuers or Public Company, with entity, 124
percentage of stock ownership, line of business, total assets and operating status of the Issuers of Public
Company (if any);
For subsidiaries, include the addresses of the said subsidiaries; 143
15) chronology of share listing, number of shares, par value, and bid price from the beginning of listing up to the end of 125-126
the financial year, and name of Stock Exchange where the Issuers of Public Company shares are listed;
16) chronology of securities listing in addition to the said security in point 15), which at least should contain the name 127-133
of the Securities, year of issuance, date of maturity, bid price, and rating of the securities (if any);
17) name and address of capital market supporting institutions and/or professionals; 134
18) in the event that the capital market supporting professionals provide services on a regular basis to the Issuer or the 134; 682-684
Public Company, then information on the services provided, fee and period of assignment should be disclosed; and
19) awards and/or certification of national and international scales bestowed on the Issuer or Public Company during 135-142
the last fiscal year (if any), covering:
a) name of award and/or certification; √
b) organization/institution that gives the awards; and √
c) award/certificate validity period (if any); √
f. Management Discussion and Analysis 164-259
Management Analysis and Discussion Annual should contain discussion and analysis on financial statements and other
material information emphasizing material changes that occurred during the year under review, at least including:
1) operational review per business segment, according to the type of industry of the Issuer or Public Company 172-235
including:
a) production, including process, capacity, and growth; √
b) income/sales; and √
c) profitability; √
2) comprehensive financial performance analysis which includes a comparison between the financial performance of
the last 2 (two) fiscal years, and explanation on the causes and effects of such changes, among others concerning:
a) current assets, non-current assets, and total assets; 237-247
b) short term liabilities, long term liabilities, total liabilities; 247-253
c) equities; 254
d) sales/operating revenues, expenses and profit (loss), other comprehensive revenues, and total comprehensive 255-258
profit (loss); and
e) cash flows; 258-259
3) the capacity to pay debts by including the computation of relevant ratios; 269
4) accounts receivable collectability of the Issuer or Public Company, including the computation of the relevant ratios; 269-271
2020 Annual Report

Description Page
5) capital structure and management policies concerning capital structure, including the basis for determining the said 271-272
policy;
6) discussion on material ties for the investment of capital goods, including the explanation on at least: 272-273
a) the purpose of such ties; 272
b) source of funds expected to fulfill the said ties; 273
c) currency of denomination; and 273
d) steps taken by the Issuer of Public Company to protect the position of a related foreign currency against risks; 273
7) discussion on investment of capital goods which was realized in the last fiscal year, at least include: 273
a) type of investment of capital goods; 273
b) objective of the investment of capital goods; and 273
c) value of the investment of capital goods; 273
8) material Information and facts that occurring after the date of the accountant’s report (if any); 275-277
9) information on the prospects of the Issuer or the Company in connection with industry,economy in general, 300-301
accompanied with supporting quantitative data if there is a reliable data source;
10) comparison between target/projection at beginning of year and result (realization), concerning: 274
a) income/sales; √
b) profit (loss); √
c) capital structure; or √
d) others that deemed necessary for the Issuer or Public Company; √
11) target/projection at most for the next one year of the Issuer or Public Company, concerning: 274
a) income/sales; √
b) profit (loss); √
c) capital structure; or √
d) dividend policy; √
e) or others that deemed necessary for the Issuer or Public Company; √
12) marketing aspects of the company’s products and/or services the Issuer or Public Company, among others 228-235
marketing strategy and market share;
13) description regarding the dividend policy during the last 2 (two) fiscal years, at least: 277
a) dividend policy; √
b) the date of the payment of cash dividend and/or date of distribution of non-cash dividend; √
c) amount of cash per share (cash and/or non cash); and √
d) amount of dividend per year paid; √
14) use of proceeds from Public Offerings, under the condition of: 279-282
a) during the year under review, on which the Issuer has the obligation to report the realization of the use of √
proceeds, then the realization of the cumulative use of proceeds until the year end should be disclosed; and
b) in the event that there were changes in the use of proceeds as stipulated in the Regulation of the Financial √
Services Authority on the Report of the Utilization of Proceeds from Public Offering, then Issuer should explain
the said changes;
15) material information (if any), among others concerning investment, expansion, divestment, acquisition, debt/capital
restructuring, transactions with related parties and transactions with conflict of interest that occurred during the 282-288
year under review, among others include:
a) transaction date, value, and object; √
b) name of transacting parties; √
c) nature of related parties (if any); √
d) description of the fairness of the transaction; and √
e) compliance with related rules and regulations; √
16) changes in regulation which have a significant effect on the Issuer or Public Company and impacts on the company 291-294
(if any); and
17) changes in the accounting policy, rationale and impact on the financial statement (if any); 294-297
2020 Annual Report

Description Page
g. Corporate Governance of the Issuer or Public Company 444-793

Corporate Governance of the Issuer or Public Company contains at least:
1) the Board of Directors, covering: 496-511
a) the tasks and responsibilities of each member of the Board of Directors; 496-500
b) statement that the Board of Directors has already have board manual or charter; 496
c) procedure, legal basis, structure, and amount of remuneration of each member of the Board of Directors, 534-537
relation between remuneration and performance of the Issuer or Public Company;
d) the policies and the frequency of the meeting of the Board of Directors, including the joint meeting with Board 550-571
of Commissioners, and attendance of member of the Board of Directors in the said meeting;
e) information on the resolution from the AGM of the previous 1 (one) year, covering: 473-475
(1) AGM resolutions that were realized during the fiscal year; and √
(2) explanation for the unrealized resolution; √
f) information regarding the AGM resolution in the year under review, including: 466-472
(1) AGM resolutions that were realized during the fiscal year; and √
(2) explanation for the unrealized resolution; √
g) assessment on the performance of the committee under the Board of Directors; 511
2) the Board of Commissioners, among others include: 476-492
a) duties and responsibilities of the Board of Commissioners; 476-479
b) statement that the Board of Commissioner has already have the board manual or charter; 476
c) procedure, legal basis, structure, and amount of remuneration for each member of Board of Commissioners; 532-534
d) policies and frequency of meeting of the Board of Commissioners, including meeting with the Board of 539-557
Directors, and attendance of each member of the Board of Commissioners in the said meetings;
e) policies of the Issuer or Public Company regarding the assessment on the performance of the Board of 529-5351
Directors and Board of Commissioners and the implementation, at least covering:
(1) procedure for the implementation of performance assessment; 529
(2) criteria for assessment; and 530-531
(3) assessor; 530
f) assessment on the performance of the committees under the Board of Commissioners; and 491-492
g) in the event that the Board of Commissioners does not establish the Nomination and Remuneration
Committee, than should contain at least:
587-606
(1) reason not to establish the committee; and
(2) procedure of nomination and remuneration performed in the year under review;
3) Sharia Supervisory Board, for Issuer or Public Company that conduct business based on sharia law, as stipulated in
the articles of association, at least containing:
a) name;
N.A.
b) duty and responsibility of Sharia Supervisory Board; and
c) frequency and procedure in providing advice and suggestion, as well as the compliance of Sharia Principles by
the Issuer or Public Company in the Capital Market;
4) Audit Committee, among others covering: 576-587
a) name and position in the committee; 80-89; 580
b) age; 80-89; 580
c) citizenship; 80-89; 580
d) education background; 80-89; 580
e) history of position; including: 80-89; 580
(1) legal basis for the appointment as member of the committee; 80-89; 580
(2) dual position, as member of Board of Commissioners, member of Board of Directors, and/or member of 80-89; 580
committee, and other position (if any); and
(3) working experience and period in and outside the Issuer or Public Company; 80-89; 580
2020 Annual Report

Description Page
f) period and terms of office of the member of Audit Committee; 582-579

g) statement of independence of the Audit Committee; 585-582
h) policies and implementation of the frequency of meeting of the Audit Committee and attendance of member of 586-584
Audit Committee;
i) education and/or training during the year under review (if any); and 587
j) the activities of the Audit Committee in the year under review, in accordance with the Audit Committee 584-587
Charter;
5) other committee of the Issuer or the Public Company formed to support the function and duty of the Board of 587-606; 606-
Directors and/or the Board of Commissioners, such as Nomination and Remuneration Committee, containing: 617; 617-633
a) name and position in the Committee; 80-89; 588-596;
608-610; 620-
627
b) age; 80-89; 588-596;
608-610; 620-
627
c) citizenship; 80-89; 588-596;
608-610; 620-
627
d) education background; 80-89; 588-596;
608-610; 620-
627
e) history of position, including: 80-89; 588-596;
608-610; 620-
627
(1) legal basis for the appointment as member of the committee; 80-89; 588-596;
608-610; 620-
627
(2) dual position, as member of Board of Commissioners, member of Board of Directors, and/or member of 80-89; 588-596;
committee, and other position (if any); and 608-610; 620-
627
(3) working experience and period in and outside the Issuer or Public Company; 80-89; 588-596;
608-610; 620-
627
f) period and terms of office of the member of Audit Committee; 597; 612; 619-
620
g) description of duty and responsibility; 598-599; 613-
614; 619
h) statement that the Committee has already have the Charter; 588; 607; 618
i) statement of independence of the Committee; 597-598; 614-
616; 629-630
j) policies and frequency of meeting of the committee, and attendance of each member of the committee in the 599-604; 614-
said meetings; 616; 629-630
k) education and/or training during the year under review (if any); and 606; 617; 632-
633
l) brief description on the activities of the committee; 605; 616-617;
631
6) Corporate Secretary, including: 669-674
a) name; 671-672
b) domicile; 671-672
c) history of position, including: 671-672
(1) legal basis for the appointment as Corporate Secretary; and √
d) education background; 671-672
e) education and/or training during the year under review; and 159-160
f) brief description on the implementation of duties of the Corporate Secretary in the year under review; 672-674
2020 Annual Report

Description Page
7) Internal Audit Unit, among others including: 658-668

a) name of Head of Internal Audit Unit; 660
b) history of position, including: 660
(1) legal basis for the appointment as Head of Internal Audit Unit; and √
c) qualification or certification as internal auditor (if any); 660
d) education and/or training during the year under review; 160-161; 660
e) structure and position of Internal Audit Unit; 658-659
f) description of duties and responsibilities; 661-662
g) statement that the Internal Audit Unit has already have Internal Audit Unit charter; and 661
h) brief description on the implementation of duty of Internal Audit Unit during the year under review; 665
8) description on internal control system adopted by the Issuer or Public Company, at least covering: 709-715
a) financial and operational control, and compliance to the other prevailing rules; and √
b) review on the effectiveness of internal control systems; √
9) risk management system implemented by the company, at least includes: 685-708; 355-
443
a) general description about the company’s risk management system the Issuer or Public Company; √
b) types of risk and the management; and √
c) review the effectiveness of the risk management system applied by the Issuer or Public Company; √
10) important cases faced by the Issuer or Public Company, subsidiaries, current members of the Board of 716-721
Commissioners and the Board of Directors, among others include:
a) substance of the case/claim; √
b) status of settlement of case/claim; and √
c) potential impacts on the condition of the Issuer or Public Company; √
11) information about administrative sanctions imposed to Issuer or Public Company, members of the Board of 722
Commissioners and the Board of Directors, by the Capital Market Authority and other authorities during the last
fiscal year (if any);
12) information about codes of conduct of the Issuer or Public Company, includes: 735-736
a) key points of the code of conduct; 735
b) socialization of the code of conduct and enforcement; and 735
c) statement that the code of conduct is applicable for the Board of Commissioners, the Board of Directors, and 735
employees of the Issuer of Public Company;
13) information about corporate culture (if any) of the Issuer or Public Company; 737
14) description of employee or management stock ownership program of the Issuer or Public Company, among others 277-279
contains:
a) number of share and/or option; 277-278
b) period; 278
c) requirement for eligible employee and/or management; and 278
d) exercised price; 278-279
15) description of whistleblowing system at the Issuer or Public Company (if any), among others include: 741-743
a) mechanism for violation reporting; 741
b) protection for the whistleblower; 742
c) handling of violation reports; 741-742
d) unit responsible for handling of violation report; and 741
e) results from violation report handling, at least includes: 743
(1) number of complaints received and processed during the fiscal year; and √
(2) follow up of complaints; √
2020 Annual Report

Description Page
16) implementation of the Guidelines of Corporate Governance for Public Companies for Issuer issuing Equity-based 778-785
Securities or Public Company, including:
a) statement regarding recommendation that have been implemented; and/or √
b) description of recommendation that have not been implemented, along with the reason and alternatives of √
implementation (if any);
h. Social and Environmental Responsibility of the Issuer or Public Company 794-835
1) Information on social and environmental responsibility of the Issuer or Public Company that covers policies, types
of programs, and cost, among others related to:
a) environment, among others:
(1) the use of environmentally friendly and recyclable materials and energy;
(2) the waste treatment systems of the Issuer or Public Company; 809-815
(3) mechanism for filling complaint on environmental issues; and
(4) environmental certifications;
b) employment practices, occupational health and safety, among others:
(1) gender equality and equal work opportunity;
(2) work and safety facilities;
(3) employee turnover; 816-821
(4) work incident rate;
(5) education and/or training;
(6) remuneration; and
(7) mechanism for filling complaint on employment issues;
c) social and community development, among others:
(1) the use of local work force;
(2) empowerment of local communities among others through the use of raw material produced by the
community or by providing education;
826-835
(3) improvement of public social facilities and infrastructure;
(4) other form of donation; and
(5) dissemination of the policies and procedures of anti-corruption at the Issuers or Public Company, and
training on anti-corruption (if any);
d) products and/or services responsibilities, among others:
(1) consumers’ health and safety;
822-825
(2) products and/or services information; and
(3) facilities, number, and resolution of consumer complaint.
2) In the event that the Issuer or the Public Company imparts information on social and environmental responsibility √
as referred to in point 1) in separate report such corporate social and environmental responsibility report, or
sustainability report, then the Issuers or the Public Company is excluded from disclosing information on social and
environmental responsibility in Annual Report; and
3) The said report in point 2) should be submitted to the Financial Service Authority along with the Annual Report; √
i. Audited Annual Financial Statement 838-1178
Financial Statements included in Annual Report should be prepared in accordance with the Financial Accounting √
Standards in Indonesia and audited by an Accountant. The said financial statement should be included with statement
of responsibility for financial report as stipulated in the legislations in the Capital Markets sector governing the
responsibility of the Board of Directors on the financial report or the legislations in the Capital Markets sector
governing the periodic reports of securities company in the event the Issuer is a Securities Company; and
2020 Annual Report

2020 Annual Report
2020 Annual Report
2020 Annual
Report
Uniting Energy to
Revive the Country
Head Office
Grha BNI
Jl. Jenderal Sudirman Kav. 1
Jakarta 10220
Indonesia
Online
bnicall@bni.co.id
bni.co.id
Phone & Fax

1500 046 BNI
021 - 2511 946, 572 8387 @BNI46
021 - 572 8295, 572 8053 @BNI46

BBNI - Annual Report - 2020 - ENG-Revisi - Lamp

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

BBNI - Annual Report - 2020 - ENG-Revisi - Lamp

Uploaded by

Copyright:

Available Formats

Implementation of Remuneration Board of Commissioners Investor Relations Functions 675

Annual Report 2020

Fishermen in the beaches of Banda Aceh,

Annual Report 2020

Annual Report 2020

As a banking institution, BNI is committed to implementing

Meanwhile, the Governance Process is the effectiveness

Annual Report 2020

The implementation of BNI’s GCG principles can be described as follows:

Principles of GCG Description

Annual Report 2020

FOUNDATION OF IMPLEMENTATION OF Governance Scorecard, and the Principles for

Annual Report 2020

GCG IMPLEMENTATION DEVELOPMENT

Annual Report 2020

Annual Report 2020

Annual Report 2020

9. Live Streaming - Series Legal Governance Risk & September

Annual Report 2020

December 2. Formulation of new initiatives related to the

Annual Report 2020

Awareness This program was carried out to emphasize to BNI Hi-

Annual Report 2020

INTERNALISATION facilitate the process of adopting values that can later be

Annual Report 2020

Externalization or electronic reporting facilities. Given the status

Annual Report 2020

Transparency | Accountability | Responsibility | Independency | Fairness

Committees under Committees under Enterprises Risk

Internal Audit Corporate Secretary Compliance Unit

Company Policies and Reporting Process Flow

Awareness Internalization Assessment Externalization Monitoring/Evaluation

STRUCTURE OF GOVERNANCE ORGAN

Annual Report 2020

General Meeting of Shareholders

Elect & Dismisses

Internal Audit Unit Compliance Division Audit Committee

Review Internal Review Compliance

Bank Risk Management

Integrated Risk Management Technology Management Integrated Compliance

Risk Management & Credit & Procedure Integrated Internal

Risk Management Integrated Risk

Anti Fraud Sub

Asset and Liability

Annual Report 2020

GOVERNANCE SOFT STRUCTURE 7. The Remuneration and Nomination Committee Charter

Annual Report 2020

Annual Report 2020

No. GMS Date & Venue Agenda

Annual Report 2020

PROCEDURES FOR HOLDING GMS • OJK Regulation No. 32/POJK.04/2014 concerning

Notification to Announcement Summon

GMS Agenda Material 3. In the event of Changes in the Management of the

Annual Report 2020

GMS Registration date of the Shareholders who are entitled to attend

Annual Report 2020

2. Share Registrar Bureau

Annual Report 2020

The results of the decisions made at the Company’s GMS

Annual Report 2020

1. Mr. Ari Kuncoro President Commissioner/Independent

Annual Report 2020

No. Name Position