To Get Closer to Customer - to Serve All with Passion
BRI has become the prime option for its capability to meet various needs from its customers of all segments as well as economic sectors, from rural agriculture area to business district center. BRI’s existence is being more acknowledged widely because its products and services innovations as well as its network coverage all over Indonesia. As a nation Bank, BRI strongly holds Indonesian’s value and cultures. BRI shows its commitment to fully support the development of people’s economy to face tighter competition. The above mentioned added values have delivered BRI to achieve the best performance. BRI is now becoming more solid and more competitive to face business challenges in the future.

Table of Contents

Chapter

Page

Chapter

Page

1. Foreword
BRI at Glance Company’s Vision, Mission And Culture Financial Highlights Share Highlights Bonds Highlights Remarks from President Commissioner Supervisory Report of Board of Commissioners Report of President Director Statement of Responsibility for Financial Reporting of the Board of Commissioner Statement of Responsibility for Financial Reporting of the board of Director

1
2 4 7 8 9 10 12 18 30 31

3. Management Discussion and Analysis
General Overview Financial Review Changes in Accounting Policy Income Statement Interest Income Interest Expense Net Interest Income Other Operating Income Other Operating Expenses Earning Asset Loss Provision Expenses Income Tax Expenses Financial Position Balance Sheet

71
72 76 76 76 76 78 79 79 80 81 81 82 82 83 83 83 83 83 84

Chapter

Page

2. Company Profile
Company General Information Banking Product and Service Organizational Structure Images of BRI Networks Profile of the Board of Commissioners Profile of the Board of Director Senior Executives Networks Human Resources Information to Shareholders Dividend Payment Annual General Meeting of Shareholders 2010 Extraordinary General Meeting of Shareholders 2010 Issuance of Rupiah Subordinated Debt Chronology of Share Listing Management Stock Option Plan Share Ownership Subsidiaries Significant Events Awards Public Accounting Firm and Capital Market Supporting Institutions

33
34 35 36 38 40 44 50 52 54 55 56 56 58 59 59 60 61 62 63 68 70

Assets Cash and Current Account with Bank Indonesia Current Account and Placement with Other Banks Securities Government Recapitalization Bonds Loan Loan Quality Loan Write-off Investment in Shares of Stock Fixed Assets and Capital Expenditure Other Assets Liabilities Third Party Funds Current Liabilities Deposits from other banks and institutions Borrowing Subordinated Debt

84 84 85 85 85 86 86 86 87 87 87

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Other Liabilities Equity Cash Flow Information Cash Flow from Operational Activities Cash Flow from Investment Activities Cash Flow from Financing Activities Financial Ratio Related with the Transparency Capital Adequacy Return on Equity Statutory Reserves Net Open Position Other Financial Information Dividend Payment Policy Significant Events Information on Investment/ Divestment Use of the Proceeds from Initial Public Offering (IPO) Use of Rupiah Subordinated-Debt II Issuance Funds Business Prospect Marketing Aspect Events after the Date of Financial Report Stock Split Bank Agro Acquisition Business Review Micro Small and Medium Enterprise Business Products and Performance of MSMEs Loan Products Micro Loan (Kupedes) Small Commercial Loan Salary Based Loan (Briguna)

87 87 88 88 88 88 89 89 90 90 90 91 91 91 91 91 92 92 92 93 93 94 96 96 97 97 97 97 98

Program Loan Third Party Fund Product Simpedes Microfinance International Cooperation Development Plan Consumer Business BritAma Saving BritAma Junio Saving Hajj Saving Demand Deposit (GiroBRI) Time Deposit (DepoBRI) e-Banking BRI Priority Banking Consumer Loan Housing Loan (KPR) Motor Vehicle Loan (KKB) Multipurpose Loan (KMG) Credit Card Marketing Communication Development Plan Commercial Business Agribusiness Loan Commercial Business Loan Development Plan Institutional and State Owned Enterprises Business Loan Products Saving Product and Banking Service Cash Management Service Institutional and SOE Business Performance Development Plan International Business Trade Finance Transaction Development Remittance Transactions

98 99 99 100 100 102 102 102 102 103 103 104 104 105 105 106 106 107 109 109 110 110 111 111 112 112 112 114 115 117 118 118 119

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Table of Contents

Correspondent Banking Activity Development Overseas Working Unit Development Business Development Plan in 2011 Treasury and Capital Market Support Services Treasury Capital Market Supporting Service Trust and Selling Agent Custodian Services Financial Institution Pension Funds - DPLK Operational Review Human Resources Recruitment Employee Development Program Employee Welfare Industrial Relations and Corporate Culture Human Resources Development Plan Training and Education Training for Newly Recruited Employees Education for Development Applicative Training Educational Blueprint for Business and Business Support Staffs e-Learning Training and Education Program Plan Education Matrix in the Learning Blueprint for Employees and Business Support Network and Services Micro Business Network Development of BRI Units Development of BRI Teras Achievement in 2010 Development Plan Retail Business Network

120 121 121 122 122 122 122 122 123 124 124 124 124 124 125 125 125 125 126 126 126

Development Plan Services Procedures for handling customer complaints Center of Operation Business Process Improvement and Operational Efficiency Development of Operations Centers Development of Credit Card and e-Banking RTGS, Bank Clearing, and Treasury Transactions Remittance Transactions Development Plan Information Technology and Systems BRINETS Core Banking System (CBS) Development of Electronic Banking Credit Card Development of Management Information System (MIS) New Cash Management Sustainable Business Planning and Disaster Recovery The Availability of Communication Network Security System and Security Awareness Development Plan Fixed Assets and Logistic Management Risk Management Implementation of BRI Risk Management Implementation of Credit Risk Management Implementation of Market Risk Management

130 131 132 134 134 134 134 134 135 135 136 136 137 137 137 138 138 138 138 138 139 140 140 141 142 142 143

127 127 128

129 129 129 129 129 129 130

Implementation of Operational Risk Management Business Plan

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Chapter

Page

Duties and Responsibilities of NRC The Nomination Function Remuneration Function Other Functions Frequency of NRC Meetings Nomination and Remuneration Committe’s work Plan Risk Management Supervisory Committe Structure, Membership, Expertise and Independency of RMSC Member Profile of RMSC Members Duties and Responsibility of RMSC Frequency of RMSC Meetings RMSC Work Plan

162 162 162 163 163 166 167 167 168 168 168 170 171 171 171

4. Corporate Governance
Introduction The Structure of Good Corporate Governance General Meeting of Shareholders Annual General Meeting of Shareholders 2010 Extraordinary GMS 2010 The Board of Commissioners The Duties, Authorities, and Obligations of the Board of Commissioners The Number, Composition and Criteria and Independency of the Member of the Board of Commissioners The Duties and Authorities of the Board of Commissioners Board of Commissioners Guidelines Frequency of the Board of Commissioners Meetings Approval and Recommendation of the Board of Commissioners to the Board of Directors regarding The Duties, Authorities, and Obligations of the Board of Commissioners Procedure of Remuneration for Member of the Board of Commissioners Committees of the Board of Commissioners Audit Commitee Structure, Membership, Expertise and Independency of Audit Committee Members Profile of Audit Committee Members Duties and Responsibilities of Audit Committee Frequency of the Audit Committee Meetings Audit Committee Work Plan Nomination and Remuneration Committee (NRC) Structure, Membership, Expertise, and Independency of NRC Members Profile of NRC Members

145
146 147 147 148 151 153 153 153

154 154 154 155

Directors Duties and Responsibilities of the Board of Directors The Number, Composition, Criteria and Independency Of The Member Of The Board Of Directors Duties And Responsibilities Of The Board Of Directors Frequency of the Board of Directors Meetings Committee of the Board of Directors Risk Management Committee (RMC) Structure and Membership of RMC Operation Risk Management Committee (ORMC) Credit Risk Management Committee (CRMC) Market Risk Management Committee (MRMC) Duties and Responsibilities of RMC Work Plan of RMC in 2010 Frequency of RMC and Sub-RMC Meetings Realization of RMC Work Plan Assets and Liabilities Committee (ALCO) Structure and Membership of ALCO Duties and Responsibilities of ALCO

171 174 175 175 175 176 177 177 178 179 179 180 181 181 181

156 156 156 157

157 158 158 160 160 161 161

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Table of Contents

ALCO Work Plan Frequency of ALCO Meetings Credit Policy Committee (CPC) Structure and Membership of CPC Duties and Responsibilities of CPC CPC Work Program in 2010 Frequency of CPC Meetings Realization of Credit Policy Committee Work Plan Credit Committee Structure and Membership of Credit Committee Duties and Responsibilities of Credit Committee Frequency of the Credit Committee Meetings Realization of Credit Committee Work Plan Information System and Technology Steering Committee (ITSC) Structure and Membership of ITSC Duties and Responsibilities of ITSC ITSC Work Plan Frequency of ITSC Meetings Realization of Work Plan PMO Steering Committee Structure and Membership of PMO Steering Committee 2010 Duties and Responsibilities of PMO Steering Committee PMO Steering Committee Work Plan Frequency of PMO Steering Committee Meeting Realization of PMO Steering Committee Work Plan Human Resources Policy Committee Structure and Membership of Human Resources Policy Committee Role and Responsibility of Human Resources Policy Committee

182 182 183 183 183 184 184 185 185 185 186 186 187 187 187 188 188 189 189 190 190 190 190 191 191 191 191 192

Human Resources Policy Committee Work Plan Frequency of Human Recources Policy Committee Realization of Human Resources Policy Committee Work Plan Job Evaluation Committee Structure and Membership of Job Evaluation Committee Duties and Responsibilities of Job Position Evaluation Committee Job Evaluation Committee Work Plan Frequency of Job Evaluation Committee Meeting The Board of Commissioners and the Board of Directors Relations Corporate Secretariat Corporate Secretariat Function Public Relations Investor Relations The Board of Directors and the Board of Commissioners Secretariat Profile of Corporate Secretary Application Of Compliance, Internal Audit And Risk Management Functions Compliance Function Internal Audit Function Code of Conducts External Audit Function Implementation of Risk Management including Internal Control System Lending to Related Parties and Large Exposure Strategic Plan of Bank Rakyat Indonesia Disclosures Access to Company Information Transparency of Bank Financial and Non Financial Condition Share Ownership of Commissioner and Director

192 192 193 193 193 193 193 194 194 196 196 196 197 197

197 198 198 199 200 200 201 204 204 206 206 207 208

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Financial and Familial Relations of members of the Board of Commissioners and the Board of Directors with other members of the Board of Commissioners, the Board of Directors, and/or Controlling Shareholder Remuneration Policy/Package and Other Facilities for Commissioners and Directors Share Option Salary Ratio (Highest and Lowest) Number of Internal Fraud Important Cases Faced by the Company, Member of Board of Commissioners and Member of Board of Directors Litigation Cases Conflict of Interest Transactions Buy Back Share and/or Buy Back of Bonds Fund Allocation for Political Activities Fund Allocation for Company Social Responsibility Procedure of Customer Complaint Handling Self Assessment on GCG Implementation

208

Chapter

Page

6. Subsidiary
PT Bank BRISyariah Historical Background Sharia Banking Products and Services Business Performance 208 Development Plan

223
224 224 224 225 225

210 211 211 211
Chapter Page

7. 2011 Strategic Plan
Loan Third-Party Fund Fee-Based Income

227
228 229 229

212 212 212 212 213 213 214

Chapter

Page

5. Corporate Social Responsibility
Partnership Program BRI Cares BRI Cares for Public Facilities BRI Cares for Natural Disaster Relief BRI Cares for Education BRI Cares for Public Health BRI Cares for Places of Worship BRI Cares for Environmental Conservation SOE Cares for Community Development Program

217
218 219 220 220 221 221 221 222 222

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK

Financial Statements Board of Directors Statement Regarding Financial Statement Responsibility Independent Auditors’ Report Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flows Notes to The Consolidated Financial Statements 231 232 234 236 241 243 245 248 Page Others Press Release 2010 Correspondence with Capital market and Financial Institutions Supervisory Agency (Bapepam-LK) and Indonesia Stock Exchgange (BEI) BRI Network and Address Contact Address Navigation of Annual Report 2010 for Capital Market and Finansial Institutional Supervisory Agency (Bapepam-LK) 385 387 390 426 427 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK .Table of Contents Chapter Page 8.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

BRI continues to develop new products and features. Amidst changing business environment. improving its business and operational processes to win in the marketplace.Chapter Management Discussion and Analysis 3 Yoyo is played by attaching the free end of the rope on the middle finger The player holds yoyo and throw it down creatively in different styles and adeptly catch it back. Innovative .

437.58% in 2010 or increased from Rp314.25% 10. BRI Financial Report Banking Sector Loan BRI Loan of BRI grew by 20. BRI is also leading the market as the biggest lender. As a result.24% .16% in 2010 or up from Rp205.85 trillion.765.96 1.002.30 1. BRI's total assets grew higher than banking sector and BRI managed to improve its market share from total assets point of view. BRI managed to improve its market share from 12. The growth of BRI's loan in 2010 is lower than banking sector loan due efforts to maintain a healthy and good loan quality. BRI Financial Report FINANCIAL STATEMENTS Banking Sector *) CAGR (Compound Annual Growth Rate) % to Banking Sectors 72 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.24% in 2010.80% by the end of 2010 to Rp1. The comparison on financial performance of BRI and Indonesia banking sector is as follows: COMPANY PROFILE Total Assets In trillion Rupiah 12.85 ‘08 161.11 SUBSIDIARIES 792.96 trillion in 2010.85 13. compared to Rp1.534.534.93 Total Aset 2.765.85 ‘07 203.69 BRI 2011 ‘06 BRI 90.008.56 ‘06 BRI 154.99% Loan CAGR* : 28.85 trillion in 2010.307.11 trillion in 2009 to Rp3.01 1.50 ‘08 314. December 2010.93 trillion in 2010.28 ‘07 113.06 205. In terms of loan. December 2010.75 trillion in 2009 to Rp398. BRI is also maintaining its reputation as the most profitable bank in Indonesia since 2005.008.986.39 trillion in 2010.39 1.73% in 2010 or rose from Rp2.65% 9.437.67% 10.310.85 3.693.61% 11. % to Banking Sectors CORPORATE SOCIAL RESPONSIBILITY In trillion Rupiah 14.40% 11.60 1.03 2.36% 12.42% in the previous year to 13. Banking Sector Total assets of domestic banking sector grew by 18.13% CORPORATE GOVERNANCE BRI Total assets of BRI grew by 26.29% 13.52 ‘09 ‘10 source: Central Bank-Statistics of Indonesian Banking.FOREWORD General Overview In 2010.75 ‘09 ‘10 source: Central Bank-Statistics of Indonesian Banking. Banking Sector Banking sectors loan expanded 22. 246.52 trillion in 2009 to Rp246.42% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CAGR*: 26. 246.73 1.32% 398.

50 254.67% 1. December 2010.29 1.92% 80.82 124. The contribution of BRI's third party funds managed to grew from 13.48 Loan to Deposit Ratio (LDR) BRI LDR BRI's down from 80.56 trillion in 2010.90% in 2010 raised from Rp1.12 trillion in 2009 to Rp328.950.82 trillion in 2010.56% 2006 2007 2008 2009 2010 source: Central Bank-Statistics of Indonesian Banking.71 201.05% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CAGR* : 27. 14.03% Third Party Funds (TPF) BRI Third party funds collected by BRI has grew significantly by 29.54% 68.49% 9.03% in 2009 to 14.510.88% 75.338.12 328. BRI Financial Report Banking Sector % to Banking Sectors CORPORATE SOCIAL RESPONSIBILITY Loan to Deposit Ratio (LDR) 79.21% 74.83 1.47 165. CORPORATE GOVERNANCE ‘06 BRI ‘07 ‘08 ‘09 ‘10 source: Central Bank-Statistics of Indonesian Banking.80% 66. 73 FINANCIAL STATEMENTS .56 2.93% 72. Banking Sector Banking sector's LDR increased from 72.950.753.88% in 2009 to 75. The source of growth comes from low cost fund both from retail and institutional customers.88% in 2009 to 75. Banking Sector Third party funds of banking sector grew by 19.88% 75.05% in 2010.17% SUBSIDIARIES 61.29% from Rp254.17% in 2010. This is due to TPF growth exceeding the rate of loan growth.FOREWORD COMPANY PROFILE Third Party Funds In trillion Rupiah 13.287.10 1. BRI Financial Report BRI 2011 BRI Banking Sector ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.95% 11.21% in 2010.46% 10.71 trillion in 2009 to Rp2.338.58% 72. December 2010.

MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Net Interest Margin (NIM) 11. BRI's NIM stood at 10.5% Banking Sector Banking sector ROA rose from 2.COMPANY PROFILE FOREWORD Net Interest Margin (NIM) BRI The NIM of BRI in the last six years has been consistently above banking sector. BRI Financial Report BRI Banking Sector CORPORATE SOCIAL RESPONSIBILITY Return on Assets (ROA) BRI In line with significant increase in net profit. .18% 3.61% 4.78% 2.70% 5.14% 5. December 2010. where the calculation of interest income with flat interest rate is converted to effective interest rate. In 2010.33% 2008 2.77% CORPORATE GOVERNANCE 5.80% 10.73% 4.73% in 2010.14% in 2009.64% or increased from 3.77%.56% 5.16% 10.86% 2006 2007 2009 2010 source: Central Bank-Statistics of Indonesian Banking.86% in 2010.18% 9.64% SUBSIDIARIES 2. BRI Financial Report FINANCIAL STATEMENTS BRI Banking Sector 74 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.66% 5. Banking Sector NIM of banking sector are showing a stable trend and slightly increased to 5. 50/55 application.36% 4. ROA is 4.73% in 2009. which higher than average banking sector of 2. Return on Assets (ROA) 4.73% 2006 2007 2008 2009 2010 source: Central Bank-Statistics of Indonesian Banking.64% BRI 2011 2. December 2010.86% 10. This is in line with the increase in loan productivity and the impact of implementation of International Financing Reporting Standards (Pernyataan Standar Akuntansi Keuangan/PSAK) No.60% in 2009 to 2.86% and complies with minimum ROA requirements set by BI of 1.60% 2. an increase from 9.

20%.18% in 2010. 75 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .42% in 2009 to 17.20% 13. BRI Financial Report BRI Banking Sector ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.30% 18.76% 17. CAR of banking sector down from 17.84% 13.82% 15.76% 16. This is due to significant net profit improvement in 2010 that strengthen BRI's capital structure. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Capital Adequacy Ratio (CAR) 21.42% 17. Banking Sector Along with the high growth of loan.FOREWORD COMPANY PROFILE Capital Adequacy Ratio/CAR BRI BRI's CAR in 2010 reached 13.27% 19. December 2010.18% 13.76% or increased from its 2009 position of 13.18% CORPORATE GOVERNANCE 2006 2007 2008 2009 2010 source: Central Bank-Statistics of Indonesian Banking.

37 trillion from December 2009.56% from Rp316.917) 506 14.050 3.334 (12.697 1.59 trillion in 2010.535 (10.615 (11. Changes in Accoounting Policy BRI has adopted PSAK 50 and 55 on the Financial Statements for Financial Year 2010. The increased profit was supported by a significant growth of asset which reached 27.29 trillion in 2010. Interest Income growth among others comes from the increasing number of loan disbursements amounted to Rp44. net profit of BRI totaled Rp11.446) 19.62 trillion. or by 21.097 (8.997) (2.38% in 2010.15% from Rp29. The amount of total loan interest income by itself increased by 35.544) 16.90% of total interest income. an increase of 26.889 5. The decline was due to the maturity of Rp1.822 (9.27% from the previous year of Rp35. In 2010.51 trillion.838 2008 (Rp billion) 28. CORPORATE GOVERNANCE Income Statement Interest Income Interest income during 2010 was recorded at Rp44.907 4.98%.241 (6.258 2007 23.848) 122 5. 16. .11% in 2009 to 3.780 4.666) (1.789 1. Further discussion on this matter can be found in later sections of this chapter.651 2. Rose NPL ratio was maintained at the level of 2.73%. Interest income from government bonds during 2010 was recorded at Rp1.95 trillion in 2009 to Rp404.282) 13. This was followed by a decline in the portion of interest income from government bonds from 5.78% and from loan interest income as a result of the application of PSAK 50 & 55.891 7.960) (5.58% decline from the previous year of Rp1.270 (11. record book value of loans and the formation of assets loss provision (Cadangan Kerugian Penurunan Nilai/CKPN).822 5.4 trillion in 2010.81 trillion. BRI's profit after tax has increased significantly over the previous year by 56.32%.071 (7.285) 23. This adoption includes impact on the calculation of interest income.33 trillion.FOREWORD Financial Review COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS BRI managed to record satisfactory performance in 2010 supported by its ability to maintain sustainable business growth and improving financial fundamentals.308 2010 44.727) 32.114) (7.29 trillion in 2009 to Rp39. an increase from 2009 which was recorded at 82.020) (1.799) 1.943) 224 7.47 trillion.331 9. CORPORATE SOCIAL RESPONSIBILITY 2006 Interest Income Interest Expense Net Interest Income Other Operating Income Other Operating Expenses Asset Loss Provision Expenses Other Non-Operational Income/Expenses Profit Before Tax and Minority Interest Net Profit 21.472 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 76 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Contribution of interest income to total interest income was 88.509 (7.908 11.844) 476 8.958 2009 35.545 (16.

MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BRI’s Composition of Interest Income CORPORATE SOCIAL RESPONSIBILITY 2009 Loan Interest Income Interest Income from Other Earning Assets Interest Income from Government Bonds SUBSIDIARIES BRI 2011 2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. are amortized in accordance with the contract period using the effective interest rate and are classified as part of interest income. total fees and commission income which are material and directly related to lending activities.88% down from the previous year of Rp4.2006). fees and commissions income not considered of material amount are directly accounted for in the Statement of Income as revenue in the said period. amortization was calculated using the straight line method.52 trillion.24 trillion.FOREWORD COMPANY PROFILE Interest income from other earning assets other than loans and government bonds was recorded at Rp3. a 16.99% to 7. according to current PSAK 50 & 55 (R. So as the result.e. If in the previous PSAK (PSAK 31). Referring to the implementation of PSAK 50 and 55 (R.89% of total interest income. As with the previous PSAK. the proportion of income from these eraning assets is also lower than the previous year from 11. interest income is recognized using the effective interest rate method. 77 FINANCIAL STATEMENTS .2006). i. while material amounts are recorded in advance as deferred income to be amortized over a period of time. interest rates discounting the estimated cash receipts in the future to obtain the net carrying amount at initial recognition (measurement).

968 2.763 22.292 Loan Interest Income Interest Income from Other Earning Assets Total Interest Income CORPORATE GOVERNANCE 2.343 29. This decrease in interest expenses was due to decline in deposit rates.587 35.930 4.COMPANY PROFILE FOREWORD Interest Income In billion Rupiah 44.241 21. especially time deposit rates.29 trillion in 2009 to Rp11.334 Interest Income from Government Bonds 28.73 trillion in 2010. CORPORATE SOCIAL RESPONSIBILITY Composition of Interest Expense BRI 2011 SUBSIDIARIES 2009 2010 Saving Time Deposit Demand Deposit Others FINANCIAL STATEMENTS 78 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.506 ‘06 ‘07 ‘08 ‘09 ‘10 Interest Expenses Interest expenses decreased by 4.071 17.020 3.237 1.806 3. .54% from Rp12.097 23.957 15.615 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 39.823 1.522 1.264 2.339 3.

which adjusts recognition of interest income from loans with flat interest rates.16% 10.81 trillion. 101. treasury services. trade finance services.097 19.889 Total Interest Income Total Interest Expense NII NIM 21. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Net Interest Income (NII) In billion Rupiah 10.14% in 2009.615 CORPORATE SOCIAL RESPONSIBILITY 12. an increase of 32.27 trillion in 2009 to Rp5. credit card services. 79 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .071 13.86% 10.446 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The rise was partly contributed by an increase in loan outstanding due to expansion.77% from 9. underwriting services. trade finance rose by 69.89 trillion. improved loan quality and the application of PSAK 50 and 55 (R. The increase of 32. and safe deposit box rental services.049 44.02%.81% from Rp2.334 23.727 7.12 trillion in 2009.651 35. an increase of 42.789 23. ATM services. Interest margin increased to a level of 10. surveillance services. credit services.FOREWORD COMPANY PROFILE Net Interest Income As of 31 December 2010.69% from Rp23.54 trillion.77% 11.73% of total other operating income. ie. payment management services.18% 9. 11.697 28.41%.14% CORPORATE GOVERNANCE 32. Fee-based income consists of deposit services.241 16.544 8.2006).285 ‘06 ‘07 ‘08 ‘09 ‘10 Other Operating Income Other operating income in 2010 increased from Rp3. 50.79% among others was derived from increased deposit services by 38.281 6. Fee-based income as of 31 December 2010 is recorded at Rp2.67% increase in ATM services and syndication services increased by 228%. Fee-based income contributed the largest. BRI’s net interest income was recorded at Rp32. insurance partnership services.05 trillion in 2009.

94 cash outlets. 111 BRI units.456 48 176 142 1.15 billion. BRI added 1 regional office. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 80 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.545 CORPORATE GOVERNANCE Other Operating Expenses Other operating expenses increased by 34. Income from foreign exchange transactions was recorded at Rp773. and other electronic delivery channel.21 billion. ATMs.71 trillion in 2010. Labor and benefits expenses increased significantly by 29. Meanwhile.813 1. BRI units. outlets and e-channel) general and administrative expenses also increased from Rp3. (Rp billion) 2006 Fee Based Income Recovery of written-off loan Marked to market profits Gain on foreign exchange .01% from the previous year which was Rp168. sub-branch offices.23%. 400 Teras BRI.509 2007 1.2006). 36 sub-branch offices. up 65.43 billion due to changes in exchange rates. clearing charges etc. and 7.233 new EDC.270 2010 2. 2.59 billion from the previous year which was recorded at Rp713. and quality of the branch offices. BRI continuously improves its services through optimizing the developments. In 2010.02 billion. Gain obtained from the marked to market of securities position reached Rp156.29 trillion in 2009 to Rp11. a slight decrease from the previous year of Rp270.26 billion.535 2009 2.net Miscellaneous Total Other Operating Income 838 484 0 187 1. Likewise due to the increasing number of networks and services (operational units.65 billion in December 2010. income from early loan repayments.53 trillion.822 2008 1.73 trillion in 2010. which stood at Rp1. this is mainly due to increse in the number of human resources in 2010 as a consequence of the networks expansion. an increase of Rp59. other income consisted of income from fines.767 51 614 103 2. amounted to Rp277.74% from Rp12. 4 branch offices.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In accordance with PSAK 50 and 55 (R.68 trillion in 2010. . in 2010 recovered written off assets in acknowleged as other operating income.118 0 270 713 168 3. The increase in these costs can be covered by the increase in operating income so that BRI can maintain CER (Cost Efficiency Ratio) at the level of 42.96% from Rp6.68 trillion in 2009 to Rp8. expansions.72 trillion in 2009 to Rp4.525 156 773 278 5.307 ATMs.

Income Tax Expenses One of the contributions provided by BRI to the government other than dividends is tax.FOREWORD COMPANY PROFILE Other Operating Expenses In billion Rupiah 16.329 3.960 10.718 0 0 424 0 1.91% from Rp2. the tax contribution has accounted for deferred tax benefit amounting to Rp486.142 11.054 3 0 206 5 567 7.20 billion.92 trillion in 2010.960 2010 8.114 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 11.676 3.020 2008 6.831 2.92 trillion in 2010.114 CORPORATE SOCIAL RESPONSIBILITY Earning Asset Loss Provision Expenses During 2010. SUBSIDIARIES ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.997 9.405 3 46 267 0 1.203 16.63 trillion in 2009 to Rp3.53% from Rp5.274 2. The increasing in formation of provisions was among others to anticipate an increased risk of bad loan in line with the rise in outstanding loan and the anticipation of potential impact of natural disasters in several regions in Indonesia. Income Tax paid by BRI increased 48.676 4.79 trillion in 2009 to Rp7.088 1 150 349 0 1.024 9.997 2009 6.666 Personnel Fees and Commission Premium for Government Insurance Miscellaneous General and administration Losses and Impairment or Sale of Securities Value and Recapitalization Bonds Loss from FX transaction Total Other Operating Expenses CORPORATE GOVERNANCE ‘06 ‘07 ‘08 ‘09 ‘10 (Rp billion) 2006 Personnel General and administration Fees and commission income Losses from impairment/sale of securities value and recapitalization bonds Premium for Government Insurance Loss from FX transaction Miscellaneous Total Other Operating Expenses 4. total provision for earning assets was increased by 36.666 2007 5.711 0 0 524 0 2. 81 BRI 2011 FINANCIAL STATEMENTS .079 10.020 7.

055 16.382 2.140 8.124 5.138 3.612 333.924 88 660 2.881 404.027 208.847 124.663 24 654 1.364 125.371 4.005) 90 1.822 3.net Deferred Tax Assets Other assets Total Liabilities Liabilities Third Party Funds Current Account Saving Account Time Deposit Immediate liabilities Deposits form other banks Securities with agreements to resell Borrowing Subordinated Debt Other Liabilities Equity Paid-in capital Other capitals Retained Profit Loss 2006 154.714 203.923 88.489 (14.103) 134 1.257 6.868 103 1.569 7.735 5.947 8.350 8.143 3.990 88.893 49.915 5.300 56.835 404.163 2.357 6.864 58.930 23.796 16.333 4.542 0 479 2.622 24.626 252.450 544 13.678 8.973 (6.928 50.net Other assets Derivative Receivables .286 9.322 16.990 130.485 25.750 9.COMPANY PROFILE FOREWORD Financial Position Balance Sheet Amidst challenging macroeconomic and banking industry conditions.077 6.063 246.325 316.505 11 323 865 2.946 25.048 15.735 184.Net Securities owned .021 13.296 7.644 4. BRI takes careful steps in the management of its asset and liabilities in order to maintain its financial performance and to keep the policy to put sustainable growth of earning assets as the emphasis.537 39.383 27.235 316.000 6.165 3.765 2.139 12.298 4. Balance Sheet Summary Total assets Cash Current Account with Bank Indonesia Current Account and Placement with Other Banks .869 13.463 101.505 19.976 19.306 154.879 6.295 4.283 (6.539 36.642 143 348 1.301 9.352 161.600 37.455 2.123 2009 2010 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 82 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.123 (11.net Acceptance Receivables .357 1.108 (8.673 6.611 2.428 103 3.223 113.947 289.368) 111 1.725 3.258 17.094 104.538 5.978 2008 Rp billion 246.621 3.160 526 9.297 2.144 27.468 27.162 72.652 77.439 2007 203.720 201.445 90.958) 77 1.286 367.159 3.528 15.438 6.611 103 2.366 7.750 13.270 2.956 1.297 165.net Government Recapitalization Bonds Loan Disbursed CKPN Investment .718) 69 1.964 22. .725 137.308 38.482 18.net Fixed asstes .167 3.356 711 8.690 255.156 12.231 5.543 20.044 18.077 223.041 31.077 73.459 14.

223 2008 11.98 trillion in December 2010.12 trillion.95 trillion in December 2009 to Rp404. Composition of government recapitalization bonds was 3.427 3.539 18.89 trillion in 2009 to Rp19. This amount increased by 21.67 trillion. Securities CORPORATE SOCIAL RESPONSIBILITY Securities decreased by 6. as of 31 December 2010 BRI formed a total of provision of Rp14.03 trillion. thus causing a decline in the contribution of government recapitalization bonds to total asset from 4.71% from Rp49.56% from Rp8.32% from 2009 which amounted to Rp15. once an objective evidence of declining value is identified.56% from Rp316.53 trillion on 31 December 2009 to Rp23.14 trillion in December 2009 to Rp9.2006).93 trillion in December 2010.96% from Rp25.04% from Rp12.600 13. Cash and Current Account with Bank Indonesia MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Cash position as of 31 December 2010 increased 22. The increase is part of the strategy to optimize revenue from the increase of funds at year end.352 2009 11. The increase was primarily due to an increase in BI regulations regarding Minimum Reserve Requirement.50% of total earning assets.59% and other earning assets including Bank Indonesia Certificates and other securities was 29. BRI has Government Recap Bonds amounting to Rp13.083 5.05% from the position in December 2009 which amounted to Rp11.626 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Current Account and Placement with Other Banks CORPORATE GOVERNANCE Demand deposits and Placement with other banks increased by 79.91% of total earning assets.29 trillion in December 2010. with the largest contributions was from earning assets expansion during 2010 rose Rp80. The provision should be provided.05%.539 18.683 6. declined 9. if there is a gap between the net present value of the debtors payment and its value on the recording date.75 trillion on 31 December 2010.270 16. Starting financial year 2010. In line with the growth in earning asset and also of the same cases where there are conditions which show objectives evidence of declining value comes from deterioratings of the borrowers business caused by natural disasters.37%.026 3. As for collective impairment assesment the calculation in 2010 was still based on loans collectibilities.70 trillion was still dominated by loan and receivables amounting Rp252. Government Recapitalization Bonds As of 31 December 2010.445 2007 11.74% to 3. Demand deposits at BI also increased 55.49 trillion or 66.906 6.027 2010 10.63 trillion.49 trillion in 2009 to Rp88.63 trillion from Rp299. The calculation of reserve calculation is now based on impairment assessed individually or collectively. This decrease was due to government recapitalization bonds which matured in 2010 amounted to Rp1. the calculation of reserve for financial assets is no longer using the loan loss provision derived from a matrix of calculations based on loan collectibility. The financial assets will decline in value if there are objective evidence which indicates occurred after the initial recognition of financial assets and affected the debtor’s payment in the future.99 trillion in 2010.70 trillion in December 2010. 83 BRI 2011 FINANCIAL STATEMENTS . There will be an assesment on a borrowers payment ability.4 trillion. SUBSIDIARIES Government Recapitalization Bonds (Rp billion) Types of Interest Rates Fixed Interest Rate Floating Rate Total 2006 11. with the initial application of PSAK 50 and 55 (R. Composition of earning assets which as of December 2010 amounted to Rp379.FOREWORD COMPANY PROFILE Assets Total assets of BRI as of 31 December 2010 increased by 27. the amount represents Rupiah Reserve Requirements of BRI listed at Bank Indonesia was 8.600 15.06 trillion in December 2009 to Rp379.

809 30.51% in 2009 to 2.45% in December 2010.95 trillion in December 2010. Special Mention Loan slightly increased from Rp11.38%.79% in 2010. recording loans must follow PSAK 50/55 (2006 Revision).76% is channeled to the corporate sector.865 208. .576 27.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Loan In 2010. The biggest increase in lending comes from the distribution of micro loans which grew by 39.076 75. in 2010.453 119.999 7.50 trillion in December 2010.21% in December 2010. loans are initially measured at the fair value that is equal to the transaction price subsequently recorded at book value (amortized cost) namely the remaining principal after deducting amortization of Fees and Transaction Costs (BRI expenses) as long as the transaction costs can be attributed directly and is an additional cost to realize the credit.123 13. Loan Quality BRI’s loan in the current category increased 22.108 38. NPL in the middle segment down from 12.896 161.38% to 2.283 11.756 54.87% and NPL of corporations improved from 4. BRI wrote off loans of Rp4. In this case. BRI’s gross non performing loan (NPL gross) has declined from Rp7.32%. SUBSIDIARIES 84 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. which down from 1. NPL net also improved from 1.96 trillion and recovered loans previously written off amounting to Rp1. or an increase of 21. resulting in an improvement of NPL gross ratio from 3.352 75.14 trillion.973 90.40% in December 2009 to 1.908 113.357 CORPORATE GOVERNANCE 8. Small and Medium Enterprises (MSME). In contrast to the year 2009 (according to PSAK 31) in which loans were recorded at cost price.31 trillion in December 2009 to Rp7. A percentage of 17.75% in December 2010.424 19. Amortization using effective interest rate method.31% to 6.489 43. BRI has a dominant proportion of loans to MSME at 82.07% in December 2009 to 0. BRI had succesfully increase its total loans and sharia financing from Rp208.43%. Improvement of loan quality was supported by NPL improvement in the micro segment.28 trillion in December 2009 to Rp12.04 trillion in December 2010. While small commercial’s NPL Loan disbursed In billion Rupiah 252.602 42. Increasing amount of loans write-off in 2010 was among others caused by bad loans in the small commercial segment due to factors of natural disasters that occurred in several regions in Indonesia and in the medium segment due to the global economic crisis. FINANCIAL STATEMENTS BRI 2011 Loan Write-off In 2010.24% of the total loan portfolio. including State Owned Enterprises and NonState Owned Enterprises.49 trillion in 2010.53 trillion in December 2009 to Rp232.91% from Rp189.284 53.295 14. As a bank with business focus on Micro.800 12.843 43.12 trillion in 2009 to Rp252.210 32.371 CORPORATE SOCIAL RESPONSIBILITY ‘06 Micro ‘07 Small commercial ‘08 Medium ‘09 ‘10 Corporation Total increased slightly from 3.02% in December 2009 to 3.099 100.

92 trillion.884 328 4.964 1. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. up 20.582 665 536 2. PT.41 trillion. other assets was recorded at Rp7. deferred tax assets and other assets.811 754 550 2. 85 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .025 59 4.64 trillion. Fixed assets position was recorded at Rp5.137 (Rp billion) MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Investment in Shares BRI Investment in Shares of stock as of 31 December 2010 (net) was Rp133.89 billion.945 1. Other assets consists of derivatives.506 772 2010 4. PT. up 9.46 billion. Details of investment in shares of stock owned by BRI as of 31 December 2010 are as follows: a.340 627 306 1.223 528 255 1. PT.486 2008 (Rp billion) 1.69% from the previous year which was at Rp7.13 billion b. BTMU-BRI Finance (previously PT UFJ BRI Finance) : Rp134.12% from December 2009 of Rp111.159 3 4.436 635 500 2.330 2007 1.30% from 2009 of Rp4.289 1 5. The increase was due to gains from participations which are reinvested as participation in the company.FOREWORD COMPANY PROFILE Loan Write-off Loan write-off Recovery of written-off loan 2009 2. PT. Pemeringkat Efek Indonesia : Rp210 million CORPORATE GOVERNANCE Fixed Assets and Capital Expenditure Along with the network expansion of BRI.655 1. there is increasing investment in fixed assets in 2010.405 2009 2010 CORPORATE SOCIAL RESPONSIBILITY Fixed Assets Land & Buildings Furnishing and Inventory Vehicles Computer and software Leasing Total Other Assets On 31 December 2010.939 384 4. Kustodian Sentral Efek Indonesia : Rp900 million c. 2006 1. Sarana Bersama Pembiayaan Indonesia : Rp536 million d.95 trillion. acceptation receivable. an increase of 3.

61 trillion.37% compared to 2009.61% from 104.37 trillion. BRI’s demand deposits experienced the highest growth compared with other components of third party funds.600 124. In 2010. BRI’s demand deposit increased 54.652 255.364 101.12 trillion.371 130. Current Liabilities Current liabilities are BRI’s liabilities to other party which has to be paid immediately in accordance with prevailing trust agreement. savings contributed 37.70% of total third party funds.93 trillion in 2009 to Rp333.990 72. up 20.99 trillion.09 trillion in December 2009 to Rp77. the vast network. Mudharabah Savings.65 trillion or up 30. and Mudharabah Time Deposits.463 50.298 SUBSIDIARIES 38.300 37. BRI managed to increase its third party funds significantly from Rp255. among others came from some government institutions and insurance companies.297 58.928 201. down 4. savings reached Rp 125.30 trillion.094 77.537 165. This increasing portion of saving was the result of successfull marketing campaign of the products as well as the product’s feature development which succesfully attracted more customer. CORPORATE SOCIAL RESPONSIBILITY Third Party Funds In Trillion Rupiah 333.COMPANY PROFILE FOREWORD Liabilities Outstanding liabilities of BRI as of 31 December 2010 increased by 26.37% with a ratio of low to high cost fund mix at the level of 61% : 39%. savings and time deposits including sharia products such as Wadiah Current Account. This significant increase is a testament to the success of marketing strategy.44% from Rp50.33 trillion. Contribution of third party funds to total liabilities of BRI reached 90.077 39. BRI recorded current liabilities of Rp4.46 trillion. The growth was partly because of BRI’s success in cooperation with government and private institutions as well as the inclusion of the Treasury Single Account (TSA ) at the end of 2010. .54% compared to 2009 of which stood at Rp101. The biggest contributor comes from Third Party Funds which has increased 30.923 104. clearing deposits and advance payment deposits.36 trillion in December 2010. which was one way of optimizing the role of BRI in the implementation of the TSA . Some of the transactions entered into this item are money transfer deposits.90% from IDR289. time deposit was recorded at Rp130. ATM and credit card deposits.538 56. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS By end of 2010.864 ‘06 BRI 2011 ‘07 ‘08 Saving ‘09 ‘10 Total Demand Deposit TimeDeposit FINANCIAL STATEMENTS 86 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.468 73. Increased time deposits. As of 31 December 2010. In 2010.308 27. as well as increasing public and investor confidence.138 125.76%. up 28.69 trillion in December 2009 to Rp367. CORPORATE GOVERNANCE Third Party Funds Third Party Funds are funds raised from third parties in the form of demand deposits. tax payment deposits.162 88.84% compared to the position in December 2009 of Rp4.

61 trillion as of 31 December 2009.16 trillion compared to the position of Rp13. Decreasing loans received was mainly due to decrease in banker’s acceptance banker’s acceptance loans and because of maturity of bilateral loans used to finance general activities of BRI and the need for trade finance. interbank call money or deposit on call. along with the increasing number of human resources at BRI. bilateral loans and other loans). other liabilities was recorded at Rp7.45 trillion. to be utilized entirely for credit expansion in accordance with prudential principles. 87 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Other Liabilities These liabilities include derivative and acceptation liabilities. distribution of net profit for fiscal year 2009 which was carried out in 2010 is 30% for dividend payments. BRI Subordinated-debts consist of Rupiah Subordinated-Debt II amounted to Rp2 trillion and other subordinated loans amounted to Rp155.97% from the previous year which was at Rp8. a decrease of Rp4. 13% for general reserves and 3% for the Partnership Program and Community Development (Program Kemitraan dan Program Bina Lingkungan/PKBL) and the remaining 54% to strengthen BRI’s capital. Total loans received as of 31 December 2010 was at Rp9.12 trillion as of 31 December 2010 due to a reduction in dividend pay out ratio for fiscal year 2009 to 30%. the issuance will all be treated as supplementary capital (tier II capital) in accordance with Bank Indonesia regulation.83 trillion as of 31 December 2009 to Rp27.26 trillion in December 2009 to Rp36. Net proceeds from ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.54% from Rp27. This item consists a loans from Bank Indonesia (liquidity loans and loans for fixed asset investments.41 billion from the previous year which was Rp4. CORPORATE GOVERNANCE Equity BRI’s Total Equity improved by 34. The rise was primarily due to an increase in retained earnings from Rp17. In detail.FOREWORD COMPANY PROFILE Deposits from other banks and institutions Deposits from other banks and institutions consist of demand deposits. It has listed on the IDX on 22 December 2009 with a period of 5 years and fixed interest of 10.92 trillion.95%.24 billion due to bought back of Rupiah Subordinated Debt I amounting to Rp500 billion on 9 January 2010 and also because of installment payments of Two Step Loans during the year 2010.46 trillion. an increase of Rp710.16 trillion. CORPORATE SOCIAL RESPONSIBILITY Subordinated Debt On 31 December 2010. Compared to the year 2009.7 trillion in December 2010. time deposits. This increase is partly due to increased production service (bonus) reserves. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Borrowings Borrowings among others are used to finance the general activities of BRI and trade finance needs.14 trillion.21 billion. Deposits outstanding from other banks and institutions in 2010 was Rp5. savings. an increase of 53. These item are used for inter-bank transaction for operation and liquidity management purposes. loans from the government. On 31 December 2010. subordinated loans decreased by Rp522.

64 trillion. sharia and other financing expenses amounted to Rp12. other operational expenses Rp25.07 trillion.52 trillion.97 trillion. other operating expenses of Rp17.67 trillion in 2009.41 trillion.72 trillion. receivables and sharia financing amounted to Rp47.45 trillion and the increase in total loans granted. provisions and commissions. net cash flow being used for financing activities was Rp7. Meanwhile in 2009. net cash flow used for investing activities amounted to Rp637. Cash Flows from Investing Activities Net cash flow used in investing activities in 2010 amounted to Rp2.COMPANY PROFILE FOREWORD Cash Flow Information Total cash and cash equivalents at the end of 2010 amounted to Rp118.93 trillion. savings and time deposits. CASH FLOW Net Cash Generated from Operating Activities Net Cash Used For Investing Activities Net cash from/(used for) Financing Activities 2009 2010 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In 2009.89 trillion.80 trillion. up 45. Net cash flows was also derived from the increase in operating liabilities of BRI and BRISyariah namely the increase of demand deposits. BRI recorded additional cash from operating activities amounted to Rp46. cash outflow for financing activities is for distribution of profit & PKBL of Rp2.068) CORPORATE GOVERNANCE Cash Flows from Operating Activities Net cash flow from operating activities was Rp1. Meanwhile. derived from fund borrowing amounting Rp10.28 trillion. as well as sharia income of Rp46.27 trillion. and sharia financing and receivables was at Rp44.37 trillion. net cash flows generated from financing activities in 2009 was Rp9. During 2010.19 trillion in net cash expenditures for investment activities and net cash used for funding activities of to Rp7. cash outflow were derived from interest payments.40 billion used for fixed asset investment and the addition of securities and governmeny bonds. net cash flows from operations amounted to Rp20.16 trillion and for disribution of profit for dividends for the PKBL was Rp2.71 billion.376 46.53 trillion and Rp28. investment returns.19 trillion was used to acquire fixed assets. consist of Rp2.192) (7. .07 trillion.77 trillion. Rp21. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 88 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.774 (637) 9.30 trillion. respectively.01 trillion. The cash flows were generated from interest income.25 trillion and increased on BRI operating assets such as placement with Bank Indonesia and other banks amounting to Rp816.57% from Rp81. (Rp Trillion) 20.25 trillion and the subordinated debt proceed amounting Rp1. Cash outflows for operating activities was derived from interest payments.38 trillion. each amounting to Rp27. sharia expenses and other financing amounting to Rp11. Meanwhile in 2009. used to repay loans received was Rp4. Cash Flow from Financing Activities During 2010.518 (2.

78% 0.17% 2009 2010 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Compliance Excess of Legal Lending Limit CORPORATE SOCIAL RESPONSIBILITY Statutory Reserves Rupiah Foreign Exchange Net Open Position (NOP) as a whole Capital Adequacy According to Bank Indonesia Regulation No.22% 0.20%.29% 3.64% 43.59% 2. market risk and operational risks into account. Violations on Legal Lending Limit i.60% in 2010.00% 0.19% 2. a. 3.00% 0.83% 10.77% 70.05% 1. market and operational risks in December 2010 stood at 13. The increase is due to BRI’s prudent policy in capital and management policy in expanding loans with a lower risk weighting.66% 80. ii.00% 0. 89 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Capital Adequacy Ratio (CAR) Non performing earning assets and non performing non earning assets to total earning assets and total non earning assets Non Performing earning assets to total earning assets Impairment Loss Reserve of financial assets to earning assets NPL gross NPL net Return on Assets (ROA) Return on Equity (ROE) Net Interest Margin (NIM) Operating Expenses to Operating Income Loan to Deposit Ratio (LDR) a.45% 13.73% 35.22% 9.00% 8.00% 0.00% 0.76%.86% 75.90% 1.08% 3.58% 2. ii. b.74% 4. i. 10/15/PBI/2008 dated 24 September 2008.20% 2. Banks are required to calculate Capital Adequacy Ratio (CAR) taking credit risk. b.00% 4.00% 0.14% 77.FOREWORD COMPANY PROFILE Financial Ratio Related with the Transparency DESCRIPTION Performance Ratio 1 2 3 4 5 6 7 8 9 10 11 1.52% 1.88% 13. 2.00% 5.00% 5. While CAR for credit. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI’s CAR for credit and market risks was 15.76% 2.68% 4. Related party Unrelated party Related party Unrelated party 0.24% 4. an increase over the previous year which was 13.

22% in 2009 to 43.448 1. SUBSIDIARIES Net Open Position In accordance with Bank Indonesia regulations.846 1.18% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 2006 13.73% in December 2009 to 4. BRI must maintain an overall maximum NOP of 20% of the capital.COMPANY PROFILE FOREWORD Capital Adequacy Position This table shows BRI capital adequacy position in the periods of 2006-2010 DESCRIPTION Core Capital Supplementary Capital Placement/Investment Total Available Capital Total Risk Weighted Assets of credit and market Total Risk Weighted Assets of credit and operations Total Risk Weighted Assets of credit. 5/13/PBI/2003 on Net Open Position of commercial bank.85% 13.05% and foreign exchange reserve position was 1%.581 2009 20. BRI net open position ratio in 2010 was 4.86%.819 209 17.796 1.60% 13. In December 2010 BRI Rupiah reserves position was 8.104 1. and operationas CAR for credit and market risk CAR for credit and operational risk CAR for credit.22%.993 22.45% lower than net open position ratio in 2009 of 5. . transparently and accountably. market. market. BRI fulfilled all statutory ratio in accordance with Bank Indonesia regulation. and other prevailing rules and regulations. Additionally. the Net Open Position (NOP) as a whole represents the totaling of absolute value of net assets and liabilities and net administrative accounts assets and liabilities of each foreign currency expressed in Rupiah currency. Bank BRI is required to maintain rupiah Minimum Reserve Requirement and foreign currency Reserves Requirement.188 145. FINANCIAL STATEMENTS BRI 2011 90 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.014 230. Both ratios were still above the industry average. Return on assets before tax increased from 3. By 31 December 2010.316 229. which in 2009 and 2010 was recorded respectively at 2. On 1 July 2010.711 2008 Rp billion 17.945 553 19.037 31. Bank Indonesia issued a regulation No. most important financial ratios presented in the table above have indicated BRI’s strong base or strong financial fundamentals.447 15. and operational risk 18.915 79. 12/10/PBI/2010 on the Third Amendment of Bank Indonesia Regulation No.64% in December 2010.059 107.20% 2010 27. Under the regulation.673 4.711 203. a performance to be proud of.83% in 2010. and reflected banking intermediation function that is really done professionally.068 13.839 173.84% 13.261 2007 15.82% 15.881 70 14. CORPORATE SOCIAL RESPONSIBILITY Statutory Reserves Based on Bank Indonesia policy.76% CORPORATE GOVERNANCE Return on Equity Return on equity is a reflection of return to shareholders which increased from 35.60% and 2.

192.00 Payment Date 23 July 2004 5 July 2005 10 July 2006 02 July 2007 7 July 2008 3 July 2009 1 July 2010 CORPORATE GOVERNANCE *from net profit of semester II (1 Juliy 2003 .01 50.32 trillion.31 December 2003) of Rp1.19 per share with a dividend pay out ratio of 75. CORPORATE SOCIAL RESPONSIBILITY Information on Investment/Divestment BRI has made additional capital placement of Rp500 billion to BRI Syariah (Subsidiary) to support its business expansion in September 2010. For Fiscal Year 2009.982 100% 100% No Planned Use Achievement SUBSIDIARIES BRI 2011 100% 100% ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.419.04 196.19 152.257 4.48 Dividend per Share (Rp) 84. the amount of dividend pay out ratio paid by BRI has decreased.128.608 4. all proceeds from the IPO have been utilized as planned use of funds with the following details: Budget Actual Use of Budget Rp billion 1 2 3 Upgrading information reporting system and implementing core banking system (60%). loans granted and other financing (10%).01%.21 441.34 168.27 147.838 5.63 3.958 7. research and development. BRI distributed dividends for the first time amounted to Rp990.82 132.47 1. Use of the Proceeds from Initial Public Offering (IPO) Until the end of December 2009. BRI has paid out dividends amounted to Rp2.61 1.00 50. BRI has paid interim dividends of fiscal year 2010 amounted to Rp45.93 per share.633 3. On 23 July 2004.19 trillion or Rp132.08 per share on 1 July 2010 with a dividend pay out ratio of 30%.982 883.00 30. Significant Events In 2010. With the growing decline in dividend pay out ratio to be paid.00 50. This shows that on year to year basis.29 2.816.18 173.63 3. Dividend Year 2003 2004 2005 2006 2007 2008 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Net Profit (Rp Billion) 2.00 35.904.27 147. TOTAL 883.FOREWORD Other Financial Information Dividend Payment Policy The amount of dividends paid each year is decided by the General Meeting of Shareholders of BRI. 91 FINANCIAL STATEMENTS .00 50.085. semester I profit was converted into capital Note: On 30 December 2010. Funding the growth.21 441. Expanding network of branch offices and units (30%).47 billion or Rp84.78 2. BRI can be more expansive in developing its business.93 156. there was no financial information recorded in regard to infrequent and extraordinary events.43 2.00 2.579 3.08 Dividend Payment Ratio (%) 75.308 Dividend (Rp billion) 990.

the nominal loans growth of BRI of has exceeded the issuance amount of Bank BRI II Subordinated Bonds of 2009 Rp3. BRI has issued BRI Rupiah Subordinated-Debts II amounted to Rp2 trillion.such as opening new outlets. and improving the quality of products and services.1% and is projected to continue to strengthen in 2011. Other macroeconomic indicators such as inflation. This is based on data as of 31 March 2010. foreign exchange reserves also showed positive trends. funding officers.123. BRI has used all funds of BRI Rupiah Subordinated-Debts in 2009 for loans expansion. These developments generally reflect the improving outlook of BRI’s business prospects in the future.51. .00 and when compared with the achievement of loan disbursements as of December 2009. A more complete description of marketing communication can be seen in the Chapter on Business Review section Consumer Business . CORPORATE GOVERNANCE Business Prospect In line with the global economic recovery. with a term of 5 years and fixed interest rate of 10. where BRI’s total lending has reached Rp208.168.Marketing Communication.354. Marketing communication for each products and services was performed to enhance corporate image and brand awareness such as lottery programs Untung Beliung Britama (BritAma Wind of Fortune) and Pesta Rakyat Simpedes (Simpedes Folks Festival).741.691.MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD Use of Rupiah Subordinated-Debt II Issuance Funds On 22 December 2009. BI has projected loan growth to reach 24% in 2011. BRI has made various efforts such as making infrastructure available .268. BRI Unit staff.650. CORPORATE SOCIAL RESPONSIBILITY Marketing Aspect To continue increasing its market share. exchange rate. adding human resources in the marketing field through recruitment of account officers. the proceeds from the issuance will be treated as supplementary capital in accordance with Bank Indonesia regulation to be utilized entirely for loans expansion based on prudential principles. GDP growth of Indonesia had reached 6. In accordance with the Prospectus on Rupiah Subordinated-Debt II issuance.95%. Page 109. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 92 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. given the BRI business model that focuses on SME financing is closely related to the national economic growth.874.

000 35.000.499.999. so that total shares issued and fully paid by BRI are: Before Stock Split Total 7.330.000 2.000 15.838.581.334. 93 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .419.000 5.000.000.000 10.000.999.290.000.000.500.000.000.500.000.500.664.709.290.500.000 Amount 3.162.000 60.667. on 11 January 2011.000.999.000.999.000 After Stock Split Total 14.750 2. BRI has implemented a stock split with a ratio of 1:2 so that 1 share originally worth Rp500 per share was split into 2 shares with a nominal value of Rp250 per each share.500.832.000.999.000 15.999 5. This stock split does not result in a change in value of shares issued and fully paid by BRI.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Events after the Date of Financial Report Stock Split Following the mandate of BRI’s shareholders at the Extraordinary General Meeting of Shareholders on 24 November 2010.000 30.000 8.000.832.669.290.000 500 3.999 10.162.000.000.000 2.500.000.667.669.581.290.999.500 2.000 1 6.709.999.334.000 250 3.000.000.500.667.999.000 17.000 8.500.000 Amount 3.499.000 1 13.667.000 CORPORATE GOVERNANCE Information Republic of Indonesia Shares of Series A Dwiwarna Shares of Series B Public Shares of Series B Shares in Portfolio Total CORPORATE SOCIAL RESPONSIBILITY The objective of a stock split is to improve stock liquidity and expand the ownership and distribution of company stock in the Indonesia Stock Exchange ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

38 dated 29 December 2009 signed before Notary Rusnaldy. This was to comply with the provisions of Government Regulation No. the reassignment of Bank Agro shares related to the implementation of tender offer and the fulfillment of minimum public shareholding.239. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 94 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI has also made a pre-notification to the Commission for the Supervision of Business Competition (Komisi Persaingan Pengawas Usaha/KPPU) on 3 October 2010.030. (Bank Agro) or 88. SH in Jakarta with the price of Rp109 per share. Dapenbun 14% and public will own 10%. 57 of 2010 regarding Merger/Consolidation of Business Entities and Acquisition of Company Shares which may Result in Monopolistic Practices and Unfair Business Competition and KPPU has recommended that the action of this acquisition shall not create a monopoly in the banking industry.MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD Bank Agro Acquisition On 3 March 2011 the Deed of Acquisition was signed by BRI and Plantation Pension Fund (Dapenbun) over 3.023 shares of PT Bank Agroniaga Tbk. Commencing on 3 March 2011.023 shares was determined by considering the implementation of Warrant Series I. BRI will at least own 76%.030. Bank Indonesia has approved the acquisition process by way of Bank Indonesia’s letter dated 16 February 2011. Bank Agro stock purchase of 3. The signing of this deed of acquisition was a continuation of the signing of the Sale and Purchase Agreement of Bank Agro shares between BRI and Dapenbun which was held on 19 August 2010 and a follow up of the decision by the shareholders of BRI at the EGM on 24 November 2010. So that.65% from total shares issued and fully paid in accordance with the Deed of Meeting Minutes of Bank Agro No. . if the whole process of shares acquisition in Bank Agro has been completed. BRI has effectively become the Controlling Shareholder of Bank Agro.239.

IX. This is a proof of BRI commitment in the development of agriculture sector in the broad sense. BRI will conduct Tender Offer for Bank Agro shares owned by public shareholders who are entitled. BRI has followed all provisions contained in the prevailing laws and regulations. BRI as the controlling shareholder will direct Bank Agro into a leading commercial bank that focuses on the agricultural sector in supporting the development of agribusiness in Indonesia.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Given the agribusiness sector have a very large growth potential in Indonesia. 95 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .F. Takeover of Bank Agro is intended to strengthen the position of BRI in the agribusiness sector. BRI believes that the acquisition of Bank Agro can create synergies that lead to increased shareholder value. IX. Bank Agro business focus in the agribusiness sector and support of Bank Agro stakeholders is expected to accelerate the penetration of BRI to the agribusiness sector. In order to comply with Bapepam-LK Regulation No. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.H. and financing will be focused on the segment of Small and Medium Enterprises (SME) especially the agribusiness sector.F. there will be more efforts on providing banking products and services to all levels of society. It is expected that after the acquisition of Bank Agro.2. Bank Agro post-acquisition development cannot be separated from the development of BRI as a whole In the implementation of this acquisition. which in turn will strengthen BRI’s position in the MSME segment in particular the agriculture economic sector. Bapepam-LK Regulation No. IX.1.1 and Bapepam-LK Regulation No.

As an effort to meet customers needs and demands. As for small and medium enterprises financing are served by Regional Offices. small and medium enterprises (MSMEs) and for customers with fixed income are channeled. Small and Medium Enterprise businesses. small commercial and medium loans as well as savings like Simpedes and BritAma. The commitment is materialized by channeling most of its loan portfolio to MSMEs while maintaining a maximum 20% to corporate segment. through its program loan. For example. This is one of the reasons why BRI continue to take micro segment as one of its core businesses. In order to remain competitive and ahead of the competition. BRI also regularly acquire new customers through various events and exhibitions.FOREWORD Business Review Micro Small and Medium Enterprise Business BISNIS MIKRO. as more and more loan for micro. SubBranch Offices. Briguna Loan. so that the quality of the products is maintained. and medium enterprise (MSMEs) as the focus of its business. The business is optimized and developed through micro financing using its vast network of 4.649 BRI Units and 617 Teras BRI. This segment is proven for its resistance against crisis or global economic turmoils compared with the other segment. BRI also monitors and evaluates the existing products of excellence including loans like Kupedes. In order to maintain this strong position. program loan. BRI develops its products and features for SMEs based on customer needs. Besides focusing on the development of Micro. and this number will continue to increase and spread all over Indonesia. BRI makes a constant effort to maintain its position as the market leader in micro business. It is with this micro segment that BRI is expected to continue playing its active role in supporting national economy despite global economic crisis that shows no sign of receding. and Sub-Branch Offices. and Cash Outlets at the heart of economic activities all over the country to provide easy access of banking services to small and medium business players. BRI believes that by participating in Government loans scheme will provide benefits such as: first. MSMEs business is chosen not only because of considering the revenue that comes from the loans interest but also considering the potential of fee-based income that will be received from BRI’s products and services. Micro is a segment that underpins Indonesia’s economy. Besides developing the product features. x-banners. This appointment is based on the experience and the ability of BRI in distributing the loans to micro and small businesses. advertorials. printad. Aiming at improving brand awareness in small and medium segments. BRI will earn interest income and fee-based income and BRI can serve as an incubator to transform program loan borrowers into commercial loan borrowers. a reputation that is widely acknowledged in the international level. BRI actively organize business gathering with several business associations and business communities. Branch Offices. display ad. BRI had been committed to develop micro. BRI is authorized by the Government as one of the banks responsible for Program Loan distribution. small. which is supported by an extensive network. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE 96 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI adds more Branch Offices. BRI continuously develops and innovates the products in micro business sector and expands its network by opening new working units of BRI Unit and Teras BRI that is supported further with the establishment of Teras BRI Keliling (Mobile Sub-Micro Outlet). KECIL DAN MENENGAH Since the beginning of its inception. and expomatic events. the fee-based income revenues also shows significant increase. . BRI business strategy at MSME segment is implemented through continuous expansion of its service throughout the outlying parts of country while increasing availability of service in the highly populated areas to better serve grass-root customers. These initiatives were aimed at improving customers and prospective client's awareness towards BRI's products and services. A mass campaign using different communication channels were also initiated and it includes fliers.

25 54.53 ‘08 ‘09 ‘10 Small Commercial Loan Small commercial loan products marketed by BRI are designed for small business entrepreneurs in all sectors.28 47. members of the police and army. among others granting loan to civil servants.23 CORPORATE GOVERNANCE Kupedes In trillion Rupiah CAGR: 29. there are several types of loan alternatives for construction business – construction working capital loan designed for general contractor and developer. warehouse mortgage loans. Kupedes for group-bound individuals. and other purposes.41 16. and working capital loan financing based on bills receivable (invoices).08 trillion in 2009 to Rp75. Kupedes is BRI’s micro loan with the loan ceiling of up to Rp 100 millions and it is provided by BRI Units and Teras BRI. investment loan. religious pilgrimage loan (PIHK). sub-contractors and suppliers). working capital loan with the source of repayment from the state budget. In order to meet customers's needs. buying vehicle. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Total Micro KUR Disbursement In trillion Rupiah 6.37 trillion in 2010. petrol station loan.6 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and includes daily installment. and Kupedes for multipurposes such as building or renovating houses. in particular to vendors (contractors. Kupedes disbursement increased by 39.FOREWORD COMPANY PROFILE Products and Performance of MSMEs Loan Products Micro Loan BRI offers micro loans in the form of Kupedes and Micro People's Business Loan (Kredit Usaha Rakyat/KUR). Kupedes is divided into working capital loan.6 millions in 2010. 97 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . PPTKIS loan (for Indonesian migrant workers). Kupedes features have been developed to follow the market's demands. Kupedes with gold collateral.02% CORPORATE SOCIAL RESPONSIBILITY 27.3 millions in 2009 and 3.37 32. As for Construction Loan. cash collateral loan. Currently.41 trillions in 2009 with borrowers amounting to 2. Improvements and developments of the product features of Kupedes are continuously been carried out to meet customers's needs. other alternative loan products that suit the needs and characteristics of customers are franchise loan. etc. Other than investment loan and working capital loan.23 trillions or has grown 72. in 2010 BRI has developed loan schemes. express loan. Up to 2010. 75. 9.08 ‘06 ‘07 ‘08 ‘09 ‘10 KUR Mikro is a commercial loan given to micro enterprises and cooperatives which have feasible businesses but are limited in meeting the bank requirements or unbankable. employees of state-owned enterprises (SOE).48% of Rp 9. employees of local enterprises and employees of leading private companies. the total of KUR Mikro BRI disbursement has reached Rp 16.38% from Rp54. and loan for the construction of BTS (Base Transceiver Station). warehouse receipt loan. loan for warehouse ownership in business estate. and construction working capital loan as well as partnership loan.

08% from Rp5. One of the Commercial Program Loan products is the People Based Small-Business Loan (Kredit Usaha Rakyat/KUR) which has grown rapidly since its first launching in November 2007.04% during 2010.06 2007 17.58 13.09 trillions.76% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Outstanding Small Commercial Loan Salary Based Loan (Briguna) Briguna Loan is a loan specially created to meet consumptive financing needs of civil servants or pensioners having fixed income.COMPANY PROFILE FOREWORD Small Commercial Loan increased by Rp 57. Commercial program loan and subsidized program loan are recorded on-balance sheet.82 trillion in 2009 to Rp8. Total Disbursement KUR 2006 2007 0. . Consolidation in small commercial loan segment in 2010 has slowed down the loan growth.76% compared to that in 2009.42 30. Subsidized Program Loan.60 trillion in 2009 to Rp22. representing an increase of 23.87 5. actual cummulative of KUR was increased by 67.72 2009 Des 2010 Growth (yoy) 67. Total distribution of Briguna Loan reached Rp39.59 2008 (Rp trillion) 23. Commercial Program Loan is for feasible debtors of micro & small businesses as well as cooperatives that are not able to get a financing scheme of subsidized program loan or commercial loan (unbankable).85 2009 2010 Growth (yoy) 5.97 2009 Des 2010 Growth (yoy) 54. actual outstanding KUR was increased by 54.82 8.72 trillion in 2010. so that BRI provides only administrative service without credit risks.12 54.24 2008 (Rp trillion) 6.09 2009 2010 Growth (yoy) 23. 2006 2007 2008 (Rp trillion) 24.08% SUBSIDIARIES Outstanding KUR During 2010. Briguna Loan keeps increasing due to both acquisition and increased loan ceiling in line with the salary increase.28 2008 (Rp trillion) 9. FINANCIAL STATEMENTS BRI 2011 98 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.77 39.70 57. 2006 15.97 trillion in 2010.13% from Rp13.59 22. 2006 2007 0.99 31. while channeling loan is recorded off-balance sheet. and Channeling Loan.85 42.04% CORPORATE GOVERNANCE Outstanding Briguna Program Loan BRI Program Loan is divided into Commercial Program Loan.13% CORPORATE SOCIAL RESPONSIBILITY During 2010.85 trillions in 2010 or grew by 5.

bioenergy development and plantation recovery programs.35 trillion from Rp 1. With this real-time online system. KKP-E Food Procurement.21 2010 1. Up to 2010.90 2009 1. 99 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . or fishermen.76% per year (CAGR). 76. Simpedes Savings has a vital position for micro businesses. Saving. BRI Unit and Teras BRI are able to collect more funds from the community through various BRI's saving products such as Time Deposit. including BRI Units and BRI Teras. Over the last five years. one of which is through distributing Simpedes cards to all Simpedes Savings account holders so that the customers can enjoy e-banking services conducted by BRI.76% CORPORATE SOCIAL RESPONSIBILITY 38. the KKP-E increased by 26. Simpedes Savings has been recognized worldwide as a pioneer of saving in the microfinance sector.58 2008 0.14 64.26 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The program loans included in this category are Food and Energy Security Loan (Kredit Ketahanan Pangan dan Energi/KKP-E) and Bio-Energy Development . KKP-E Horticulture Crops Development. KKP-E Food Crops Development. BRI is continuously developing and innovating Simpedes Savings product.34 trillions in 2006 to Rp76. which includes fisheries.58% to Rp 1. BRI applies realtime online system in all working units.53 (Rp trillion) Growth (yoy) 26.21 trillion in the previous year. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Outstanding KKP-E 2007 0. so that it can serve more banking products and services.39 ‘06 ‘07 ‘08 ‘09 ‘10 In order to improve service to customers. the number of Simpedes account holders has reached over 22 million customers. cultivators.58% In 2010. BRI is still the market leader in the distribution of KKP-E with a market share of 56% of the total outstanding KKP-E in Indonesia. Giro. This large number of customers also provides significant fee-based income for BRI. KKP-E Agricultural Equipment and Machinery and KKP-E Fisheries KKP-E distribution is done through farmers' groups.Plantation Revitalization Loan (Kredit Pengembangan Energi Nabati dan Revitalisasi Perkebunan/KPEN-RP) of non-partnership scheme. KKP-E Animal Husbandry.26 trillions in 2010. because it serves as the main source of funds for Kupedes disbursement.34 45.FOREWORD COMPANY PROFILE Subsidized program loan is aimed at supporting government programs in food security.97 55. Simpedes grew at an average of 18. Up to 2010. CORPORATE GOVERNANCE Third Party Fund Product Simpedes The primary saving product BRI has for micro segment is Simpedes Savings. and Hajj Saving. KKP-E Scheme consists of the KKP-E People's Sugarcane. from Rp 38. Simpedes In trillion Rupiah CAGR: 18. The main target market of this product is the middle-lower class in rural and sub-urban areas.

and SECOSBV Bank Restructuring Workshop (Vietnam). since the beginning of its existence. To further promote the expansion of Kupedes. 16th WSBI Asia Pacific Group Meeting (Indonesia). but also as organizer of Microfinance Training and Study Visist (MSTV). and Kupedes with Group Binding. World Bank Workshop on Access to Finance (Indonesia). some of the participants also asked for technical assistance and consultancy services from BRI. Woman World Banking. etc. In addition to the Microfinance Training and Study Visit (MTSV) through BRI's IVP program. RUFIP (Rural Finance Intermediation Program) Ethiopia. MIC which was known as the International Visitor Program (IVP) has got a full support internationally in the form of grants from USAID and the World Bank / CGAP (Consultative Group to Assist the Poor). Therefore. . World Savings Bank Conference (Indonesia).000 VVIPs (Very Very Important Person) from 55 countries paid their visits to BRI in the form of study visits and trainings on microfinancing to date. In terms of savings. In 2010. National Bank of Ethiopia. This event is both an appreciation from BRI to loyal Kupedes borrowers and Simpedes customers and also one of the activities of BRI Corporate Social Responsibility (CSR). Microfinance Network (MFN). micro loan products and features will be developed to be more competitive and in line with market needs. 57th APRACA Executive Committee Meeting (Thailand). Ford Foundation. To support the marketing of Simpedes. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Development Plan Human Resources The quantity and quality enhancement of professional and reliable human resources will be conducted to support the growth of micro business that focuses on the development of product features in accordance with the potential market opportunities and network optimization services of BRI and its existing terrace. ADB Consultant. such as Kupedes with Gold Collateral. BRI will innovate in developing Simpedes product and features to become more competitive in the market such as Business Simpedes and Dream Simpedes. In 2010. at least 185 VVIP from 23 overseas institutions have participated in the IVP activity conducted by BRI MIC. 27th ASEAN UMKM Working Group Meeting (Indonesia). Postal Savings Bank of China (PSBC). APEC. BRI has conducted Simpedes Folks Festival. Therefore. donor agencies. academicians. CORPORATE SOCIAL RESPONSIBILITY Marketing The BRI Eid Mubarak Homecoming Program for Kupedes and Simpedes customers as an marketing activity is held annually. Nigerian Investment Promotion Commission. AMRET Cambodia. Microcredit Summit. They VVIP consisting of policy makers. central bankers. Kupedes with daily installment. MIC function for BRI all this time is not only as public relations in microfinance. and others. BRI through MIC participated in The Second Financial Inclusion Advisors Program (Malaysia). BRI will cooperate with other government and private institutions. and practitioners of microfinance. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 100 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The establishment of BRI MIC (Microfinance International Cooperation) is a form of BRI's global corporate social responsibilities to develop microfinance in the world. PKSF (Palli Karma Sahayak Foundation) Bangladesh. Financial Inclusion Advisor Program (Uganda).COMPANY PROFILE FOREWORD Microfinance International Cooperation BRI's success in developing commercial microfinance has obtained numerous awards and international recognitions. Microfinance Network 17th Annual Conference (Mexico). ACSI (Amhara Credit and Savings Institution) Ethiopia. Those institutions include among others Churchill Foundation. BRI MIC will continue to expand its activities by providing consultancy services in the field of microfinance to those in need. Kupedes and KUR Mikro. commercial bankers. BRI has established cooperation with the Asia-Pacific Rural and Agricultural Credit Association (APRACA). and technical assistance in the field of microfinance. Through the MIC. business captures. Yale University. Banking With The Poor (BWTP). In 2010. Products In terms of lending. BRI was also appointed by APRACA as one of APRACA Centers of Excellence (ACEs) mainly in retail and unit banking (microfinance). There have been more than 6. BRI Care for traditional market and Simpedes Monthly Harvest Program.

Bank BRI with the credo “Serving you with Passion”. It really motivates me to make a further improvement in this global era. the management sets a rewards program called BRI Unit Award Program. a silver jewelry maker of Metro Silver ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. so that business and operational activities of BRI Units can be well developed and sustained. 101 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . I already feel that Bank BRI has served me with a passion. This reward program is arranged in such a way that the granting of rewards will be comprehensive and able to accommodate various categories.. I would thank Bank BRI for all their help to promote my business by inviting me to participate in an exhibition abroad.. Keep on growing Bank BRI. thank you.FOREWORD COMPANY PROFILE In order to support various marketing programs above and motivate every employee of micro businesses to excel and provide the best work for BRI. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY “As a personal customer of BRI.” I Kadek Septariana.

63% Hajj Saving In billion Rupiah CAGR: 38.90 30. such as: savings. This innovation is able to meet the banking needs of urban communities. time deposits. customers aged over 17 years also may have this product. CORPORATE GOVERNANCE BritAma Saving BritAma saving is a product of excellence to capture thirdparty funds market in urban areas that requires the ease and convenience of banking transactions. This product assists the customers preparing their fund for their pilgrimage purpose (Hajj Pilgrimage Fund and Hajj Plus). 1. but along with the increasing demand for BritAma Junio. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS BritAma Junio Saving BritAma Junio is saving for children aged 17 and under as its specific target market. automatic grab fund . namely category of Best Savings Account and Most Creative Consumer Banking Assets With Up To 50 Trillion Rupiah in a survey conducted by SWA magazine and Synovate in 2010. The purpose of this savings is to introduce the early banking habit to children and to encourage them to save their money. pictured with kids idol cartoon characters like Superman.33 FINANCIAL STATEMENTS ‘06 ‘07 ‘08 ‘09 ‘10 ‘06 ‘07 ‘08 ‘09 ‘10 102 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.59 0. an increase of 22.06% BRI 2011 19.60 38. accounts sweep) and they are also included in Britama Wind of Fortune lucky draw (Untung Beliung BritAma/UBB) . In 2010.50 47.27 . Britama savings is available in Rupiah and foreign currencies.599 0. BritAma Wind of Fortune Lucky Draw (Untung Beliung BritAma/UBB) UBB is a program of customer retention / loyalty and acquisition of Britama Savings as a fund-collection strategy as well as increasing the balance of Britama Savings. electronic banking.000 BRI working units all over Indonesia.33 trillion. In addition. BRI is able to raise low-cost funds and optimize the attainment of fee-based income (FBI) as well as increase the market share of retail savings in terms of both number of accounts and volume of savings. automated transaction facility (automatic funds transfer. motor vehicle loans. priority banking services. CORPORATE SOCIAL RESPONSIBILITY Hajj Saving Hajj Saving is a special saving account for customers who intend to go Hajj Pilgrimage. BritAma Junio is very interesting product because the customer is given BRI Card Private Label Limited Edition.45 trillion. With banking products that meet the needs of modern society. free personal accident insurance facility. Various advantages offered by this product is including online deposit at BRI working unit which are connected directly (host to host) SUBSIDIARIES BritAma Saving In trillion Rupiah CAGR: 25. Britama Saving reached Rp 47.44 0.91 1. current accounts. This UBB program has been done for 5 periods since 2007 and has been successful in increasing public awareness of BritAma saving product. Withdrawal frequency is not limited as long as it is consistent with the terms and conditions. BRI has won Consumer Banking Excellence Award in 2 categories for deposit products. on-line BRI transactions.94% compared to that in 2009 amounting to Rp 38. BritAma account holders receive a BRI Card that can be used for ATM transactions and shopping around the world as well as facilitating access to e-banking transactions.00 24. multipurpose loans and credit cards. Tweety and Tom and Jerry. housing loans. BritAma-Junio's customers will get personal-accident-insurance facility and will be included in UBB program. Features offered are among others deposit and withdrawal which can be done on-line at any time at more than 7.COMPANY PROFILE FOREWORD Consumer Business BISNIS KONSUMER BRI continues to make innovation in consumer banking products and services which are creative and up to date.

09% Demand Deposit (GiroBRI) GiroBRI is aimed at collecting low-cost funds from the community.” Jefri “UJ” Al Buchori. and the provision of souvenirs when customers make repayment of pilgrimage cost. The term offered by this product ranges from 1 to 24 months. Hopefully it can create a goodwill both of us in the world and the hereafter. low-cost funds successfully collected through the Giro BRI reached Rp77. 103 FINANCIAL STATEMENTS . Hajj Saving reached Rp1. CORPORATE SOCIAL RESPONSIBILITY 27. availability in various currencies. In 2010.86 37. GiroBRI is available in various currencies.37 trillion.27 trillion.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS “Thank you BRI for its genuine help. GiroBRI features BRIVA (BRI Virtual Account) facility that simplifies the customer to do the deposit and reporting.81% 77.09 trillions in 2009.16 39. DepoBRI position in 2010 was recorded at Rp130.59 trillion.54% compared to 2009 which amounted to Rp101.36 trillions. Customers can do withdrawals and deposits at any time without nominal limitation. increasing 54.37 130. CORPORATE GOVERNANCE Demand Deposit (GiroBRI) In trillion Rupiah CAGR: 29.14 73.36 SUBSIDIARIES 101.09 ‘06 ‘07 ‘08 ‘09 ‘10 Time Deposit (DepoBRI) DepoBRI is a time deposit product. administration fee. The superiority of DepoBRI includes among others competitive interest. Time Deposit (DepoBRI) In trillion Rupiah CAGR: 35.30 56. free life and personal accident insurance.54 BRI 2011 ‘06 ‘07 ‘08 ‘09 ‘10 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.30 trillion. increasing 28.30 38. Rupiah and foreign currencies. with the withdrawal facility which can be done at a certain term depending on the agreement. Ustadz (Islamic Teacher) through the application switching with Siskohat Ministry of Religious Affairs.44% compared to Rp50. ability to be withdrawn at all BRI working units and to be used as cash collateral.92 50. In 2010. an increase of 25.80% compared to that in 2009 amounting to Rp1.

transaction services via telephone. financial planning consulting services and investments. and other international-scale privileges in cooperation with Premium Debit Mastercard program. comfort." SUBSIDIARIES Ryaas Rasyid Presidential Advisory Council of the Republic of Indonesia FINANCIAL STATEMENTS BRI 2011 104 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. e-money (BRIZZI). and ATM Bersama. ATM BRI are also connected to International ATM network such as Cirrus and Bankcard. lifestyle. mini ATM. business facilities and a private mini-lounge. In 2010. and retirement planning. SMS Banking. heritage. I hope it will stay that way.COMPANY PROFILE FOREWORD e-Banking BRI provides e-banking facilities for customer deposits so that they can enjoy the convenience. and seasonal events. BRI Prioritas was awarded Priority Indonesian Service Quality Award for Diamond category. service delivery and money pick-up.000 ATMs nationwide and worldwide. BRI is a bank that put the customer's satisfaction as a key to success. PRIMA. free meeting rooms. Various types of services are provided to BRI Prioritas customers such as exclusive service of the Priority Banking Officer. In 2010. Kiosk. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In 2010. . bankassurance. in a customer satisfaction survey conducted by the Care of CCSL & Marketing Magazine. such as ATM network links. lifestyle privilege. CORPORATE SOCIAL RESPONSIBILITY "I became BRI's customer in 2003 and since then always enjoyed its premium services. BRI Priority Banking BRI Prioritas is priority banking service activities with services provided exclusively to customers among the affluent and high net worth individuals. therefore. BRI has provided a variety of the latest e-banking services including mobile services (eBuzz). include general banking services. In addition. in the multinational and domestic scales. BRI had 6. internet and e-banking corners. Several activities have been carried out by BRI Prioritas for customers aimed to raise awareness. The advantages of BRI e-banking product are options of e-channel. For me. concierge services. mocash mobile debit (mobile cash BRI) and other various additional features/new e-channel services. special parking lot and 24 hour Call Center service. Phone Banking and Internet Banking which can be accessed 24 hour everyday. BRI Prioritas reached a total value of Indonesian Service Satisfaction Index (ISSI) above the average value of most priority banking services industry. BRI customers can also conduct banking transactions through CDM. all of the privileges which are given to BRI Prioritas's customers consist of among others travel privilege. and speed of banking transaction. BRI Prioritas has 8 Service Centers and priority lounges scattered in several major cities in Indonesia. loyalty and retention with the theme of intellectual. In addition.085 ATMs that are connected to more than 30. real time online and the extensive e-channel network with competitive fee transactions.

23 1. CORPORATE SOCIAL RESPONSIBILITY KPR In trillion Rupiah CAGR: 53. Besides adding consumer loan operational network. BRI also reorganizes and improves the technology to realize satisfactory service level agreement.65 CORPORATE GOVERNANCE Consumer Loan Since 2007. BRI continues to enrich its products with features that meet the needs of its customers. the growth of BRI consumer loan is able to reach 53. Since 2008. Outstanding KPR has reached Rp6. BRI developed an operating network of consumer loan in the cities of 2nd and 3rd tiers.23% SUBSIDIARIES BRI 2011 1. entrepreneurs. In establishing brand image.FOREWORD COMPANY PROFILE Number of SKK and POS 88 Consumer Loan Outstanding In trillion Rupiah MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CAGR:47.22% or exceeds the average growth of national bank loan. safely guaranteed documents of ownership and other facilities become added values for potential debtors.30% 20 22 40 13 14 ‘08 ‘09 SKK ‘10 POS ‘06 ‘07 ‘08 ‘09 ‘10 Through these strategic steps.79 3.78 FINANCIAL STATEMENTS ‘06 ‘07 ‘08 ‘09 ‘10 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. such as down payment and flexible loan period. In 2010. Housing Loan (Kredit Pemilikan Rumah/KPR) KPR BRI with its various conveniences is expected to meet housing needs of professionals. and employees. SKK and POS Development in 2008 and 2009 were focused on 14 cities with the growing potential consumer loan. BRI is very active in promotion through various media and actively involves in numerous exhibitions. customer's demand has led BRI to penetrate the consumer loan market. which is 20-30%.05 2. both at national and international levels. BRI's Cooperation Agreement with more than 300 housing projects all over Indonesia and various facilities offered. The background is due to the facts that 60% of GDP comes from household consumptions and this shows that potential of consumers loan is can be explored further.56% compared to that in 2009. The real BRI's effort in consumer business is by involving some big developers to distribute Housing Loan and Apartment Ownership Loan. competitive interest rate.15 3.08 4.78 trillion up to 2010 or increased by 48.30 9. The number of SKK & POS is increasing each year in consistence with regions having large potential consumer business. 2.95 6. 105 . BRI has built operational network focusing on consumer loan services through Consumer Loan Centre (Sentra Kredit Konsumer/SKK) and Point of Sales (POS). as well as Sole Agent of Brand Holder of motor vehicles to support the distribution of Motor Vehicle Loan.59 6.

as it has great potential. Cooperation program with Sole Agent Brand Holder (Agen Tunggal Pemegang Merk/ATPM) and dealers has enabled KKB BRI to provide the best services. The product is continually developed.59 % over 2009. The KMG product is very attractive to customers due to the ease and convenience they get from it.47 trillion or increased by 115. networking.49 trillion or grew by 50. BRI continuously finetunes its organization and business process to meet the industrial and consumer demands. There were 276 Consumer Account Officers (AO) in 2010.47 0.11 0. such as long term period of up to 10 years with credit ceiling of up to Rp1 billion.35 0.49 .99 1. and intends to expand its service coverage to 45 SKK and 100 POS in 2011. The addition of consumer loan marketing officers continues. Besides individuals. 182 Consumer AO.20% compared to that in 2009. ‘06 ‘07 ‘08 ‘09 ‘10 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 106 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. KKB BRI provides features without down payment to combine KKB BRI with time deposit product. Until 2010. 0. Besides fulfilling customer's needs.e.38% CORPORATE GOVERNANCE In trillion Rupiah CAGR: 15. In an effort to obtain optimum growth. and information system technology. Multipurpose Loan (Kredit Multi Guna/KMG) KMG BRI is created to meet the needs of customers who are unable to be fulfilled through KPR and KKB products. KKB BRI has also reached out to multifinance financial institutions with KKB Kerjasama product.71% KKB ‘07 ‘08 ‘09 ‘10 CORPORATE SOCIAL RESPONSIBILITY 0. loan outstanding of KKB has reached Rp 1. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS KMG In trillion Rupiah CAGR: 138.45 0. in 2010 BRI has set up 40 SKK and 88 POS focused on serving consumer loan products. recorded outstanding of KMG was Rp1. representing an increase compared to that in 2009. In 2010. In addition to the product development. i.68 BRI's country-wide network makes it possible for BRI's Consumer Loan to include middle-lower class which is in line with the government's program in terms of housing ownership.42 0. Joint promotion program with ATPM and dealers also improves KKB BRI competitive advantage with its affordable interest rates.COMPANY PROFILE FOREWORD Motor Vehicle Loan (Kredit Kendaraan Bermotor/KKB) KKB BRI meets people’s needs for motor vehicle.82 1.

298 139.59 1. walk-in customers as well as implant banking through Home Ownership Program (HOP) and Car Ownership Program (COP) with some large companies.FOREWORD COMPANY PROFILE 0.07 Credit Card Since its launching in 2006.078 342. Easy Shopping With Installment (Belanja Ringan/BRING) installment facility with mild interest. KKB and KMG co-branded with deposit products enrich product's features and provide a more flexible installment system.17 0. 245. BRI Visa Credit Card.39 trillion. Various product development like KPR. and BRI Hyundai Credit Card. Volume Transactions BRI Credit Card In trillion Rupiah CAGR: 92.916 2. ease of ATM cash withdrawals at BRI ATM or other ATM with MasterCard Worldwide logo all over the world. In addition to BRI Standard Credit Card. While BRI Business Credit Card is intended for businessmen or members of a community. BRI credit card has become one of the iconic products in consumer banking sector. Over the years. third parties (dealers/developers). 107 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . BRI will build several Regional Processing Centers (RPC) to perfect its business processes. Sales strategy will be intensified with the use of customer databases.75% 64. BRI Business Credit Card. BRI has also launched BRI Corporate Credit Card. Up to 2010.916 BRI credit card holders were recorded with the volume of transaction reaching Rp2. ‘06 ‘07 ‘08 ‘09 ‘10 BRI Credit Card is affiliated with MasterCard network.12 2. the number of BRI credit card users continue to increase. having a very low interest rates for the installment. BRI Gold Credit Card and BRI Platinum Credit Card. whose use is the same as credit cards in general (individual liabilities).464 ‘06 ‘07 ‘08 ‘09 ‘10 BRI Corporate Credit Card is BRI Credit Card developed to provide special service for BRI working partner corporate companies. thus allowing BRI Credit Card holder to make transaction in all merchants having MasterCard Worldwide logo throughout the world.87% MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY BRI Credit Card Holders CAGR: 56. improve the Service Level Agreement (SLA) and intensify the loan expansion both in quantity and quality.425 389. as well as shopping catalogs and a newsletters. it has advantages such as the card can be used as the identity of the community.39 Facing the year 2011. BRI Credit Card Holders also acquire several executive lounge facilities at 30 different places throughout Indonesia (applicable to BRI's ‘Gold and Platinum’ credit cards). ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The goal of using BRI Corporate Credit Card is to enable officials or employees of business partners to manage corporate travel and entertainment expenses properly. recurring bill payment facility/auto payment facilities for electricity and phone bills payment. 389.

BRI Credit Card is targeting an increase in the number of credit cards to 600.000 cards in 2011 with distribution in 2nd and 3rd cities all over BRI working areas and with the transaction volume of Rp3. As a proof. BRI has developed an acquiring business strategy that aims to increase BRI credit card's acceptance at merchants spread across Indonesia. BRI enters credit card business not only as a complementary business. but as one of the mainstay businesses of BRI. In order to support its credit card penetration strategy at Branch Offices. The credit card business development strategy mentioned above is intended to make BRI credit card become a major choice and pride of Indonesian people. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 108 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.5 trillion.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS This product is expected to give positive image to the community and BRI's business partner as the prime service for the community. This business development takes into account the BRI's excellence with numerous working units throughout Indonesia. . in 2010 BRI received Bank with Fastest Credit Card Growth Award from Mastercard.

and currency additions to BritAma Dollar. MSME Loan. we received the fund within less than a month. BRI Prioritas added its priority banking outlets in the form of BRI Prioritas Service Centers and priority lounges in major cities in Indonesia. without any complicated process. addition of features in e-channel and improving cooperation pattern of BRILinks. Ini 2010 BRI conducted several activities such as preparation of brand identity and direction for the credit card product with corporation as the target. Bank BRI ATM are widespread. a new product under Tabungan Rencana (Savings Plan) will be launched and it will be bundled with insurance (BritAma Rencana). Bank BRI has become our professional and highly efficient financial back-up partner. without having to stand in line and it’s Platinum Credit Card having numerous promos. easy. Current Account with card facility. We obtained housing loan (KPR) facility for our dream house. SUBSIDIARIES Overall. brand direction. BRI Britama Junio Savings. Financial Institution Pension Fund. refined the brand architecture.FOREWORD COMPANY PROFILE MARKETING COMMUNICATION The purpose of Marketing Communication is to provide maximum contribution to the company through brand marketing communication activities of BRI's products and services as well as corporate brand communications (corporate as a brand). I am proud to be its customer. brand identity.!!!” Meisya Siregar... Print-Ad and Radio-Ad) and below the line (placement of out of home media and pop material) for BRI Britama Savings. BRI Simpedes Savings. to strengthen its network service. artist & model ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. trade finance. namely "BRI Corporate Card". business entity current account with ATM/debit. BRI Hajj Savings. BRI Prioritas. let’s save your money in Bank BRI . 109 BRI 2011 FINANCIAL STATEMENTS . In order to communicate the features and benefits of its products and services. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY “Our family considers Bank BRI as our financial partner! We can make our dream come true thanks to its fast. BRI Prioritas is planning to develop further by developing other privileges and various selling activities based on acquisition. ORI007. BritAma Dollar equipped with ATM. just like a dream come true. In addition... e-money (BRIZZI) and some other e-banking features. The activity is aimed at building awareness and image of BRI product and service brands as well as corporate brand. and professional process. and loyalty. retention. In the deposit. BritAma Gold (for business). and praise the Lord.and all the best. performed brand extension for BRI brand products and services as well as the corporate brand and launched communication campaign for new products such as "BRIfast Remittance". BRI performs the thematic product communication campaign in the form of above the line communications activities (placement of TV-Ad. In addition. Keep it up. Development Plan Some product developments plans and additional savings features that will be performed include account opening BritAma Joint Account.

Thus lending to this business segment can provide a trickle-down effect to MSME business. husbandry. medium scale (Rp5 billion up to Rp50 billion) by Regional Office and corporate scale (more than Rp50 billion) by BRI Head Office. forest product processing (HTI). For subsidized loans other than KPEN-RP.142 trillion in 2006 to Rp8. This is done while maintaining the coordination with related institutions mainly the Directorate General of Plantation and Directorate General of Animal Husbandry so that in the future. BRI's vision in developing agribusiness is to expand the financing to competitively advantageous commodities and agribusiness having a multiplier effect to MSME by means of one stop services.COMPANY PROFILE FOREWORD Commercial Business DIVISI BISNIS KOMERSIAL In developing its Commercial Business. cooperatives. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY Agribusiness Loan Agribusiness Loan is a loan provided for individuals or companies engaging in agriculture in its broad definition (agribusiness). plantation. oleochemicals. small and medium enterprise businesses. growing 45. the interest rate is LPS+6% with an interest rate is set to 5% for breeders and the remainder is borne by the Government. the applicable interest rate is the rate of Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan/LPS) + 5%. who perform cattle breeding business by obtaining interest subsidies from the Government. This is proven by the increasing amount of loans given to the sector in the last 5 years. ranging from micro scale (less than Rp100 million) through BRI Unit. BRI will continue to facilitate and speed up the loan process as well as provide regular assistance and consultations. BRI is very serious to develop economic growth through agribusiness sector. The target market of Commercial Business is private companies and non-government enterprises. palm oil processing. livestock sector including broiler farms. rubber. trading. In general. a big challenge comes from the increasingly competitive banking industry. KPEN-RP is a loan distributed to farmers through cooperatives and the parent company (plasma nucleus scheme) in certain commodities including palm oil. forestry. groups or coalitions of farmers groups. including agriculture. To face the challenges of competition in the future. fish meal processing industry. BRI utilizes more than 7. risk-adjusting mechanism and improving the quality of account officers as professional business advisors. The farmer of oil palm and cacao pay interest rate of 7% and the rest is subsidized by the Government. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE GOVERNANCE 110 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. This is one of the reasons why BRI wants to make micro segment as one of its core businesses. closed-system financing. with the loan of more than Rp50 billion up to legal lending limit.58% (CAGR) with the total distributed loan amounting to Rp. small commercial scale (up to Rp5 billion) by Branch Office and Sub-Branch Office. and other services related to agribusiness.526 trillion of the total ceiling of Rp. Agribusiness loan included in the commercial business is a loan for large-scale or corporate scale agribusiness (more than Rp 50 billions) under the commercial scheme or in the form of interest-subsidized loan by optimizing the product of Bio Energy Development and Plantation Revitalization Loan (Kredit Pengembangan Energi Nabati dan Revitalisasi Perkebunan/KPEN-RP). To overcome these challenges. fishery. Currently. cacao. rice processing and others. for upstream to downstream. 5. Rp8. without leaving the diversification of commodities being financed. BRI grants commercial loans to the agribusiness sector including oil palm sector.025 trillion in 2010. BRI will continue to disburse the loan using the plantation revitalization scheme. BRI focuses on corporate business related to micro. especially in the interest rate and also limited support from the relevant institutions. . It is a loan facility granted to cattle breeders. This business is divided into two major categories: Agribusiness Loan and Non-Agribusiness Loan. dairy cows and cattle. the loan budget for of plantation revitalization and Cattle Breeding Business can be achieved. sugar. and shrimp farming. cocoa and its derivative products. Currently. on-farm and off-farm activities. BRI is committed to distribute loans using other loan scheme such as Cattle Breeding Business Loan.000 working units throughout Indonesia to grant agribusiness loan.045 trillion from total ceiling of Rp13. and rubber. industrial and trade sectors including pesticide industry. including breeding companies.

particularly MSME. BRI will conducts business development through enhanced cooperation (strategic alliances) with private companies that have good performance. services construction. Loan monitoring will be developed by an integrated system using a Loan Monitoring System in order to anticipate the worsening of the loan portfolio quality so that the level of NPLs could be reduced and controlled properly. energy and mineral resources. The process of credit disbursement are continuously improved to ensure a faster and better service. such as the ones in the sectors of industry. property. including among others the upstream and downstream oil & gas infrastructures. energy and mineral resources (including mining. while upholding prudential principles. commerce. During 2010 BRI corporate loan kept growing while taking into account the BRI reality enabler which focuses on SMEs financing with the composition of 80: 20 for SMEs and corporation respectively. Deffered Import Guarantee. and so forth. electricity. trade. such as infrastructure. A prudent loan expansion strategy will be realized through a strict evaluation in the loan origination process by applying four eyes principles as the implementation of credit risk management along with fast and effective loan services. telecommunication. BRI also distributes corporate loans to non-agribusiness companies and non-StateOwned Enterprises. Credit scheme for new products continues to be developed primarily for oil and gas loan scheme to follow up the opening of oil and gas Desk. In order to a capture existing opportunities. BRI will financing to potential sectors and/or the Government increase prime sectors in the national economic development plan. 111 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Corporate loan disbursement is directed to industries that have prospective and growing market trends. Export Working Capital Loan. manufacturing industry. transportation services. Investment Loan. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Development Plan BRI will intensify its loan expansion by utilizing its extensive delivery channels as its main marketing vehicles. The expansion to energy and oil & gas sectors has become one of the corporate loan distribution focuses in the future given that the market of energy and oil & gas industries keeps growing well. Import Working Capital Loan. energy infrastructures such as Independent Power Producer which has a Power Purchase Agreement with State-Owned Electricity Company (Perusahaan Listrik Negara/PLN) as well as supply and chain that sustains the energy and oil & gas industries while considering the market trend and development of those industries. and construction services to support the acceleration of economic growth and providing a beneficial effect (trickledown effect) for other sectors. paper industry. The business expansion to big companies having widespread extensive distribution channels throughout Indonesia and the business expansion to long-standing customer’s communities (backward / forward linkage) are done through routine business gathering as for the fellow customers to be able to capture available business opportunities and to boost the loyalty of the existing customers. Standby L/C. oil and gas). Construction Working Capital Loan. BRI will constantly review its loan procedures to improve the quality of loan services to market's demands. such as infrastructure. BRI’s corporate loan quality monitoring has also become a significant concern. and Bank Guarantee. The number and quality of account officers in corporate business line will be improved to catch business opportunities in terms of both assets (credit) and liabilities (fund). work units focusing on oil and gas related businesses in BRI so that the opportunity of financing corporate business in this sector can be properly captured. mining and business services. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. as well as other banking products and services. hence that productive assets are capable of generating optimum revenues to sustain the BRI's business growth. This strategy its expected to continuously improve the financing to the productive sectors. Credit disbursement to the corporate segment is also BRI's concern that disbursement of loans is not concentrated in a particular industry so that the expected quality of loan portfolio is not vulnerable in the event of crisis in a particular industry. pharmaceutical industry. This business development will include cash management and fee-based income generation by taking into account business feasibility principles according to prevailing banking regulations in force. Products include Working Capital Loan.FOREWORD COMPANY PROFILE Commercial Business Loan Besides agribusiness. communications and telecommunications.

infrastructure and special projects such as energy and food security. BRI has always proven to gain confidence from the Government for the distribution. BRI continues to develop its human resources. In addition. domestic L/C and Standby L/C. In an effort to improve service quality as a one-stop financial services for institutional and SOE. central and regional government institutions. sustainable and accessible banking services throughout Indonesia. Land and Building Acquisition Tax. BRI's strategy in the first phase is to acquire all of the ditributed funds. These financing were given to the various business sectors including telecommunication industry. Excellent.COMPANY PROFILE FOREWORD Institutional and State Owned Enterprises Business BISNIS KELEMBAGAAN & BUMN BRI's institutional and state owned enterprises (SOE) businesses are intended to maximize the exploitation of market niche that could be further developed. plantation industry. To win the competition in institutional business and SOE. technologies and networks. educational institutions. plantation. . and Regional Government-Owned Enterprises. win back strategy and maintenance strategy. BRI has developed a potential business in SOE including subsidiaries as well as region-owned enterprises in an optimal manner. bank guarantee. policies. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Loan Products Financing for SOEs and its subsidiary include loans which consist of working capital loans and want for investment L/C. BRI has implemented strategies such as acquisition strategy. SOE including subsidiaries. All of these strategies proved effective in strengthening the existence of BRI as the only Indonesian bank which focuses on serving the institutions and SOE. and comprehensive (one-stop) banking services become the mainstay of BRI in its collaboration with institutional agencies and financial companies. Provincial Governments/Cities/Regencies. Treasury Single Account (TSA) Treasury Single Account (TSA) is mainly aimed at creating efficient management of State money by centralizing cash balances into one account. financing and fee-based income sources. name by SOE in construction sector. Shopping Refund Payment Order. financing and funding of the State Budget and the Regional Budget. b. BRI also provides state and institutional money management services including: a. This business development is one of BRI's effort in supporting MSME business sectors so as to create tricle down effect which gives direct and indirect benefits to MSME businesses as BRI's core business as well as to improve the fee-based income. BRI's vision on Institutional and SOE business is to make BRI as a Leading Bank in directing and coordinating the financing of SOE and the mobilization of State and Regional Budget funds and Financial Institution funds which are distributed through the Ministries/Hight State Institutions/Agencies. Saving Products and Banking Services Saving products offered by BRI to the institutions mentioned above generally include demand deposit and time deposit as well as salary crediting. MPN Prima transaction includes the payment of Tax Invoice. State Revenue Module (Modul Penerimaan Negara/ MPN Prima) MPN Prima is an integrated application that is intended for the payment of state revenues by the obligatory payer to the Directorate General of Treasury. specific. Non-Tax State FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 112 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. which in return will develop BRI businesses in terms of funding. BRI always serves as the best partner for all of the institutions. oil fuel. BRI is one of the designated commercial banks to manage the TSA project. In recent years. With its various banking products and services and countrywide network. SOE and institutions engaging in the sectors. while in the second phase is to focus on areas that have large funds. All of the institutions require an exclusive. customized. Educational Institutions and Hospitals as well as Financial Institutions. This business target market includes private institutions. Similar trust is also given by financial and pension fund institutions. fertilizer. Those financings create a synergy between BRI. has a transformation winning strategy for the first TSA phase of 2007/2009 to the second phase of 2010/2012. and in the revitalization project of national sugar industry. Land and Building Tax.

Motor Vehicle Registration Number. PDAM Payment Point The Payment Point of Regional Water Utility Company (Perusahaan Daerah Air Minum/PDAM) provides financial management services and PDAM customer’s bill payment. i. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Vehicle Registration. h. Excise and Taxation of Import. Vehicle Ownership Book. i. PLN Payment Point PLN Payment Point provides on-line payment services for electricity bill and other PLN/utility bills. KPE is delivered to every civil servant and remains valid after the relevant Civil Servant is retired. Payment Order for Customs. d. Taxable Goods Excise Payment Order. Driver's Clinic and Firearm through ATMs. National Treasury Pooling National Treasury pooling is a system used to determine the position of the consolidation balance of all accounts found on the Treasury Expenses at all BRI Branch Offices without inter-account fund transfer. c. Salary Crediting or Salary Payment Salary Crediting is an automatic salary crediting facility from an individual or corporate saving account to the employee saving account according to the agreed date. and Certificate of Export Payment / Levy.e. containing data of the Civil Servants and their families electronically. SPP On-line SPP on-line helps university and college students simplify the withdrawal and management of their study-related payment liabilities on-line through the entire network of BRI. 113 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . VAT on domestic tobacco products. e. Driving License. Smart Driving License BRI (SIM SMART) SIM Smart is a microchip-based card which has dual functions both as a driving license and as a means to pay the traffic ticket and can be used directly on site. Merah Putih Card Merah Putih Card is a card devoted to POLRI and TNI officers and functions as BRI ATM Card. Electronic Data Capture (EDC). f. Display of Merah Putih Card: MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY k. Additional KPE is given to spouse and children of retired civil servants. Electronic Civil Servant Card ("KPE") KPE is an identity card for Civil Servants. BRI has been appointed as the bank to carry out management of Police Non-Tax State Revenue. Pension Card (TASPEN) and Housing Card (Bapertarum). ASKES (Health Insurance) Card (Yellow Card replacement). Vehicle Tryout Letter. and BRI Tellers. g.FOREWORD COMPANY PROFILE Revenue Payment Order. KPE functions as Employee Card. j. SSB Payment Services In order to support the Quick Wins program as Police Bureaucracy Reform program. New Students Admission Selection (Seleksi Penerimaan Mahasiswa Baru/SPMB) and the Tuition Fee (Sumbangan Penyelenggaraan Pendidikan/SPP) On-line SPMB New students Admission selection payment system can facilitate students to deposit money for registration and registration on-line at the University which can be accessed at all BRI Units.

COMPANY PROFILE FOREWORD l. BRI is required to always be able to provide relevant cash management features that are capable of solving every problem faced by customers. ASABRI compensation Benefits include Compensation Benefit for Insurance. Cash Management Service As banking competition is getting tighter and considering the rapid development of business world. namely the refund of the entire housing saving fund during the Civil Servant's service period plus some interests in accordance with Bapertarum's terms and conditions. ASABRI database accessible by BRI work units. Fill Deficit. and Compensation Benefit for Funeral Cost. The automatic transfer feature on some client's accounts include among others Fixed Balance Account. ATM) The bundling of various civil servant's cards into KPE will surelly give the card holder practicality to perform various related transactions. ASABRI . a civil servant can receive health service facility. n. pension and housing savings. The current cooperation between BRI and Bapertarum is for the Refund of Saving Fund. To be more attractive. Range Balance Account. Imigration Visa On Arrival (VOA) BRI in collaboration with the Director General of Immigration facilitates payment of VOA or Visa on Arrival through BRI banking facilities throughout Immigration Check Points such as seaports. Featuers of BRI Cash Management System include: • Account Information • Reporting • Inter-BRI Account Transfer • Mass Fund Transfer • Payroll • Interbank Transfer • Bill Payment • Liquidity Management System (Pooling). and Return Savings. just with one KPE card. ASABRI cash compensation payment for the Beneficiary is conducted with an integrated on-line system between ASABRI and BRI. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Banking Card (Salary payment. Compensation Benefit for Disability due to Operational Duty. ground terminals or other places specified by the Minister of Justice and Human Rights as places of entrance of foreign nationals/particular territories into the territory of the Republic of Indonesia. Special Compensation Benefit for Death Risk. Compensation Benefit for Insurance Cash Value. Renovation Aid. KPE is bundled with Britama savings. Compensation Benefit for Death Risk. Civil Servants will also be able to utilize e-Kiosk which is available for any kind of transactions in Civil Servant offices. KPE display as shown below : o.PNS Bapertarum . The application used by BRI work unit is ASABRI Cash Compensation Benefit Payment Application CORPORATE GOVERNANCE SUBSIDIARIES m. and Target Balance Account features FINANCIAL STATEMENTS BRI 2011 CORPORATE SOCIAL RESPONSIBILITY 114 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.PNS refers to Housing Savings Advisory Agency of Civil Servants in charge of collecting housing savings from civil servants and channeling back to the civil servants during either active or retired in the form of Down Payment Aid.Compensation ASABRI compensation payments can be made at BRI Units. Compensation Benefit for Disability Not Due to Operational Duty. airports. Bapertarum . . based on the identity of recipients whose data have been recorded in PT. Value Based Pooling.

1 contracts with SOE. growing 18.666 34. 3 contracts with Education Institutions.993 CORPORATE SOCIAL RESPONSIBILITY 16.FOREWORD COMPANY PROFILE INSTITUTIONAL AND STATE-OWNED ENTERPRISE BUSINESS PERFORMANCE During 2010 loan distribution to SOE has increased significantly.87 trillion in 2010. and 7 contracts with Private Companies. BRI has established Strategic Cooperation Agreement with several Ministries. 115 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .5 trillions in 2009 to Rp 62. The third party's fund increases by 7. 1 contracts with Education Institutions.45% in 2010. The proportion of loan provided for SOE to the total corporate loan increases from 54. and 3 contracts with Private Companies. Provincial/District Government).571 51 26. • 8 Memorandum of Understanding (MoU) consisting of: 3 contracts with Government Agencies (Ministry.62% in 2009 to 55.911 35. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Composition of Institutional Business Third Party Fund (Rp billion) 30. Pension Funds and Private Companies with the following details: • 24 Contracts: 8 contracts with Government Agencies (Ministry.531 2008 Current Account 166 2009 Deposit Saving 2010 288 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Educational Institutions (Universities).35% from Rp 58. 6 contracts with State Owned Enterprises.88% from Rp 20.420 23.8 trillions in 2010. Provincial/District Governments.92 trillion in 2009 to Rp 24. Provincial/District Government).

PLN. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 116 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and PT. The number of Cash Management accounts has increased sharply since 2009 from around 2. and SGD currencies. JPY. USD.500 accounts to 10. Ministry of Finance.5 billions by the end of 2010.38 billion in 2010.18 million in 2009 to Rp 3. BRI Cash Management contribution are significantly increased over the last two years. or has increased by 8.890 accounts by the end of 2010.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Up to 2010. 414 companies are registered as customers of BRI Cash Management including retail companies (322 ). State Ministries/Institutions (21). national private corporations (22). TASPEN. Perum Pegadaian. Those accounts were come from the following institutions: Indonesia National Police Department. SOE (36). Total managed funds under BRI Cash Management reached approximately Rp12. and Educational Institutions (13). . and Time Deposit in Rupiah. Savings. EUR. PT. Regional Police of Jakarta Raya. fee-based income related to BRI Cash Management increases by 291.5% from Rp864. HKD.397 accounts throughout 2010. As the number of companies using BRI Cash Management BRI is increasing. Pelindo. The number has increased by 173 companies throughout 2010. Sriwidjaja Fertilizer Saving products managed by BRI's Cash Management include Demand Deposit.

the development and application of payment system of ASABRI compensation and pension through BRI Work Units on a real-time and on-line basis and the improvement of BRI on-line payment system of PDAM bills. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. the development of the Electricity Pre-Paid system. the improvement of the State Revenue Module. in order to transform BRI Cash Management as one of the services that actively participate in developing BRI's business through the mobilization of corporate funds. and conduct socialization and evaluation to BRI work units all over Indonesia. The development plan of BRI Cash Management in 2011 is to refine features. revise the Operating Manual.FOREWORD COMPANY PROFILE DEVELOPMENT PLAN Development plan related to Institutions and SOE businesses in 2011 is the development of SMART driving licence. the improvement of cooperation with K3S BP MIGAS (Oil and Gas Institution). acquisition of corporate customers and improvement of fee-based income. SPMB and SPP. 117 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .

Postshipment Financing (Negotiation and Export Bill Discount) L/C and SKBDN 4 Bill Purchase 5 Standby L/C. Advising L/C and SKBDN (Surat Kredit Berdokumen Dalam Negeri or Domestic L/C) 3.88 0. Trade finance offered by BRI includes: 1. hence positively affecting the export businesses in Indonesia. and improving trade finance services to customers through integrated development system.19 . Guarantee. Trade finance creates business opportunities through the financing for potential customers who are not debtors of BRI (loan expansion) and creates opportunities of short-term funding source that is essential to BRI. Trade finance transaction is one source of fee-based income which strongly supports the efforts to increase the noninterest income and can be used as a promotion tool in maintaining and improving BRI's image as the best bank. To actualize this vision. BRI performs the best banking activities by developing products and marketing trade finance and remittance products. Trade finance transaction contributes significantly to the BRI's business. In an effort to develop trade finance transactions.COMPANY PROFILE FOREWORD International Business BISNIS INTERNASIONAL BRI as a leading commercial bank in Indonesia provides a wide range of products and services to meet customers' needs. including product and service for trade finance transactions. International business target market means every business player that includes both individuals and business entities undertaking trade finance transactions or in need of trade finance services in their business activities. expanding corespondent banking relationships. BRI has a vision to become a Leading Foreign Exchange Bank Prioritizing Customer Satisfaction. Export Transactions Export Transaction Development increased significantly during 2010. and Counter Guarantee 6 Trust Receipt (TR) 7 Refinancing L/C (Sight/Usance/UPAS/Usance Payable at Usance) and Non-L/C 8. Inward/Outward Documentary Collection ( Document Against Payment and Document Against Acceptance) 11. and type of institutions. 1.47%. BRI will keep on expanding Export-Import businesses and overseas services which may generate more fee based income while developing micro. Target Market International business is broad and does not distinguish between demographic factors. Money Changer 9 Inward/Outward Remittance 10. or 41. small and medium enterprises. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Export Transactions In billion USD SUBSIDIARIES 0.78 0.78 0. Trade Finance Transaction Development a.19 billion. including fee-based income. from USD 836 million in 2008 to USD 1. Opening Letter of Credit (L/C) or SKBDN including the amendment of both products 2. Inward/Outward Clean Collection In the future. economic sectors.84 FINANCIAL STATEMENTS BRI 2011 ‘06 ‘07 ‘08 ‘09 ‘10 118 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. One of the triggering factors of the increase is the improvement of the global economy condition that is marked by the rise in foreign demand and purchasing power.

FOREWORD COMPANY PROFILE b.29 1. Import Transactions During the last five years.50% compared to that in December 2009.40 4. the number of remittance transactions increased by 90. BRI has improved marketing programs by expanding cooperations with correspondent banks and financial institutions. In December 2010. USD 9. Furthermore. the remittance business contributed a fee-based income of Rp20. BRI is able to provide individual remittance services in real-time so that beneficiaries can receive money in quick time at competitive cost. The total inward remittance in December 2010 was USD 10.48 billion. During 2010. the outward remittance value reached USD 15. and decreased in 2008.06 10.20 3.12 In billion USD 7.58 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. With cooperations and supports from counter_parties such as banks and non-bank financial institutions which have an extensive network overseas.29% compared to December 2009.05%. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS BRI E-banking Transaction In billion USD CORPORATE GOVERNANCE 1.30 SUBSIDIARIES ‘06 ‘07 ‘08 ‘09 ‘10 Outward Remittance Inward Remittance 2.07 billion. Remittance Transactions 11.46 ‘06 ‘07 ‘08 ‘09 ‘10 2. By the end of December 2010. Remittance Business Development BRI remittance transactions during 2010 showed an increase compared to that in 2009.8% from 2009 which is Rp14. the amount of import transactions served by BRI reached USD 2. a.12 billion. Remittance Transactions BRI focus on remittance business development.48 To further introduce the trade finance products to customers and prospective customers.26 9.39 CORPORATE SOCIAL RESPONSIBILITY 6.76 billions or increased by 30.76 15. BRI Import Transactions increased from 2006 to 2007. i. 119 BRI 2011 FINANCIAL STATEMENTS .63 billion.39 billions or grew 64. representing an increase of 59. Fee-based income from the remittance business is in line with the growth of remittance business.221 transactions compared to that in 2009.56% in 2010 to 554.e.42 1. holding exhibitions and sponsorship activities both inside and outside the country. and also maintaining active communications with business partners through business gathering to obtain upto-date information on the business needs of the customers.80 1.45 8. representing an increase of 46.

BRI also provides SAR and USD money changer services during the pilgrimage season. BRI is able to provide the best trade finance products and services for the customers. BRI has cooperated with corespondent banks and money changers for bank notes payment and withdrawal.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS b. . BRIfast Remittance can be provided to both BRI customer account holders and walking customers showing official ID and PIN to all work units of BRI for accepting remittances from abroad. Corespondent banks' support in a form of trade line facility to BRI is seen improving as BRI is considered capable of maintaining the best performance as The Most Profitable Bank in Indonesia. refinancing can be applied for non L/C product for the fulfillment the necessity of customers who import non L/C product with a more competitive cost. GBP. Currently. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 120 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. AUD. and RMB using 26 nostro accounts at some depository correspondent banks. BRIfast Remittance is able to perform fast transfer. SGD. During 2010 BRI provides SAR bank notes for living cost of pilgrims in three embarkations in Jakarta. With wide networking support from off shore correspondent banks. CAD. AED. In 2010 BRI received STP (Straight-Through Process) Award from the Bank of New York Mellon. HKD. such as USD. Letter of Credit (L/C) refinancing (Sight/Usance/Usance) Payable At Sight (UPAS/Usance Payable at Usance) are provided for customers to meet the needs of imported goods at more competitive prices. BRI has been actively doing transactions in some foreign currencies. SEK. EUR. All services mentioned above cannot be separated from the trade line facility of various correspondent banks abroad. Surabaya and Medan. by opening counters at each pilgrimage embarkation throughout Indonesia. New York. CHF. In addition. that is the BRI's account in various currencies in depository correspondent banks which is used to settle the import transaction. The correspondent bank support includes also maintenance of nostro accounts. Innovation of BRIfast Remittance BRIfast Remittance is a remittance service using a web application system. SAR. JPY. so that it is possible for the entire BRI working units with potential money changer business to act as money changers. BRI provides refinancing loan facilities to customers who need foreign currency loans with competitive interest. In addition. collecting the export proceeds and for incoming/outgoing remittance purposes. Correspondent Banking Activity Developments BRI has established correspondent relations with more than 1.100 correspondent banks throughout the world in a Relationship Management Application (RMA) to be used as an authenticated SWIFT international payment instruction and a test key arrangement. where money from overseas can be received by the recipient in Indonesia in seconds. as well as informal correspondent relationships such as courtesy visits and courtesy calls.

In the short term there will be a centralized pilot project through establishment of the Trade Processing Center. Development of innovative payment and features of BRIFast Remittance product. BRI Cayman Island Branch has issued L/Cs opened by non-resident customers and also acts as a booking office for institutional clients that use export credit. BRI New York Agency provides trade finance services in the form of funding for refinancing L/Cs as well as rediscounting bills of taking usance export bills to help the cash flow of customers. The Establishment of BRI Trade Processing Center (TPC).FOREWORD COMPANY PROFILE Overseas Working Unit Development BRI trade finance service is strengthened by BRI’s Overseas Working Units which currently include BRI New York Agency. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS b. CORPORATE GOVERNANCE d. BRI Hong Kong Representative Office has a role in coordinating business activities and gathering relevant information relating to investments and business opportunities to develop bilateral trade relations and promoting exports/imports from/to Indonesia. Net local L/C application refers to a web-based technology application with aim to accommodate an intergrated customer service (end-to-end process). BRI New York is now also active in granting credit for trade finance needs of clients as well as working capital. Development of local L/C Net Application. Expand the remittance business networking BRI will continue to expand remittance business networking overseas in collaboration with correspondent banks/remittance companies and or opening new networks overseas. c. e. 121 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . The improvement of the quality of the trade finance product services is performed by centralizing the trade finance processing services. BRI New York also provides saving product for foreigners. Business Development Plan in 2011 a. Money Changer Transaction Pilot Project Infrastructure development and money changer transaction application have entered the stage of pilot project this year. The existence of Overseas Working Unit is integral to the attempt to optimize customer services. BRI Cayman Island Branch and Hong Kong Representative Office. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. In addition.

Third Best ORI007 Sales Agent for Bank category.COMPANY PROFILE FOREWORD Treasury and Capital Market Support Services Treasury Treasury Activites at BRI are one of the very strategic functions in management of assets and liabilities of the Bank. one the main marketing target is BRI Prioritas clients. Kustodian BRI has become the first Custodian Bank trusted to manage assets underwriting in Indonesia. In its function as a selling agent. Besides. maintaining adequate liquidity. web-based information. In general. In the future. Interest rate gap. Through the function of trust. exchange rate gap. The total issuance of securities managed by BRI as the trustee until 31 December 2010 amounted to Rp24. CORPORATE SOCIAL RESPONSIBILITY Capital Market Supporting Services Trust and Selling Agent In order to tap more of fee-based income opportunities.e. i. from Rp11. including money market instruments in the form of time deposits/ deposits on call until Bank Indonesia Certificates. BRI provides trust and selling agent services. BRI Custodian manages Limited-Participation-Mutual-Fund on the request of institutional customers. In line with the increase in assets managed by BRI Custodian. ensuring adequate funding for all business segments in every economic cycle. BRI periodically observe and analyze the development of national and international economies to be used as the basis for optimizing each gap during transaction in the financial market. In addition. BRI will act as a trustee. assets managed by BRI Custodian increased 11% to Rp31. as a means to deliver instructions BRI Custodian customer transactions on-line.80 trillion. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Custodian Services BRI has become a Custodian Bank since 1996 with various kinds of assets under its management. and maintaining the structure of competitive cost of funds to support the company's growth. Custodian Service provided by BRI includes mutual fund management.88 billion.98 trillion. fixed income instruments in the form of bonds and various types of debt instruments both government bonds and corporate bonds. BRI periodically observes and analyzes the achievement of company's targets such as anticipating the growth of loans and funding. In collaboration with eight Investment Managers. BRI's assets and liabilities management is aimed at ensuring that BRI's can provide added values (value creation) for investors while mitigating potential risks. and equity instruments in the form of shares. BRI keeps trying to get trust from the Government to become the selling agent/sub-selling agent for each published Indonesian Retail Bond (ORI) and Sharia Bond (Sukuk Ritel). BRI Custodian continues to innovate by developing product features and services to meet customers' needs. acting as a paying agent in the bond mechanism and as an escrow agent.34 billion to Rp 13. maintain strong capital structure and maintain the quality of productive assets. In the past year. as well as underwriter in the issuance of securities by the issuer. paying agent. The achievement BRI has attained is FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 122 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. ORI and Retail Sukuk (Sharia Bonds). to protect against the risk of interest rate and exchange rate. BRI is currently marketing 16 Mutual Funds products. covering various Mutual Funds and Financial Institution's Pension Fund (Dana Pensiun Lembaga Keuangan/DPLK) In an effort to deal with business development. BRI conducts marketing for investment products including mutual funds. BRI Custodian continues to develop the system in use including client information module. . and maturity gap are managed to optimize the revenue and interest costs. during 2010 BRI has been appointed by the Government as Selling Agent for ORI007 and as Sub-Selling Agent for Sharia Bond (Sukuk Ritel) SR002 Series. fee-based income received in 2010 increases by 22% compared to that in 2009. Regarding the service quality improvement. BRI will maintain cooperations with parties in the Capital Market to develop the trust services.94 trillion in December 2010 when compared with assets in December 2009 amounted to Rp28. Using ORI and Sukuk Ritel marketing strategies across all BRI Branch Offices and Sub-branch Offices all over Indonesia. In addition. BRI stays focused to maintain a stable long-term profitability. namely KIKEBA DSMF 01 and KIK-EBA DSMF 02. To provide added values for shareholders.

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI DPLK carries out the mission by prudently managing the long-term investments which gives optimum returns. DPLK BRI revenue from Fixed Income was 11. i. and the product has safety and competitive profit. The contribution of DPLK BRI fee-based income to Bank BRI as the founder up to the end of 2010 is Rp10.FOREWORD COMPANY PROFILE Financial Institution Pension Funds (Dana Pensiun Lembaga Keuangan/DPLK) BRI Financial Institutions Pension Funds (DPLK) is the managing institution of the Defined Contribution Pension Fund established by Bank BRI since 9 January 2006. The competitive advantage of DPLK BRI is its extensive marketing network. The advantages of the product are that it is modernly managed using the concept of Net Asset Value which is published daily in national business paper. To actualize it. the performance of DPLK BRI can also be monitored on the website: www. Fixed Income. investment.bri. i. in order to organize better future of DPLK BRI participants.72% annually.05% (yoy). Rp8.54% (yoy). DPLK BRI investment in fixed income and stocks also generated better income than investment in Bank Indonesia Certificates and average stock index. including individual or group participant from both formal and informal sectors.15% compared to the same period in the previous year.40% compared to the same period in the previous year. representing an increase of 20. managing investments in a professional and transparent way. DPLK BRI has a vision to be a market leader in pension fund industry that prioritizes customer satisfaction and contributes fee-based income for BRI. while Jakarta Composite Index (yoy) was 46.39 billion with total managed assets of Rp 1. Rp1.67% (yoy).co. DPLK BRI up to 31 December 2010 showed a great performance in 2009. As the pension subsidy organizer. BRI Pension Plan consists of four types of investment choices which are: Money Market. Equity and a combination of the above.id.40 trillions or an increase of 19. By utilizing the wide network of BRI branch offices and sub-branch offices all over Indonesia. whereas SBI gained 8.e. DPLK BRI stocks earned 57.18 trillion. 123 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .11 billion. Earnings from DPLK investment in money market was 9.11%. it is expected that more Indonesian people will be aware of the their retirement welfare by participating in the pension program. higher than the average earning from time deposits account of 5.e. Other than in the national newspaper. DPLK BRI known as "BRI Pension Plan" is opened for public. it has the simple procedure and broad network with all BRI branch offices and sub-branch offices.13%.

For that particular reasons. competitive. equitable. BRI have identified the differences in living cost in current working units and divide it in several zones that affect the amount of compensations and benefits for the employee in these zones. Employee Development Program Employees were given equal opportunities to develop their career. retaining and maintaining. easily administered framework. Through better management of Human Resources. for certain positions including marketing positions. and 23 person through special hiring. • Career opportunities for outsourcing employees. and in accordance with the needs and capabilities of the Bank. BRI always provides and maintains the level of salary at a competitive level and regularly follows the salary survey conducted by independent consultants. this is requires certain adaption to BRI compensation system.000 person through Management Trainee programs. performance management and terminating. In relations with the theme. Intended to give motivation and opportunities for high performance contract workers to fill in certain positions. 1. . Recruitment Several policies have been established to obtain skillful and competent employees: • Management Trainee Program for BRI future leaders recruites fresh graduate from different educational backgrounds and universities. BRI have recruited 1. and • Special hiring. In 2010. • Outsourcing for supporting roles (non-core business).298 outsourcing employees.673 person for marketing staffs.FOREWORD Operational Review Human Resources In 2010 BRI theme of the year was The Year of Human Resources as a mean to realize one of BRI ‘s vision “To provide excellent services to the customers through its vast network supported by professional human resources and by the guidance of good corporate governance”. CORPORATE SOCIAL RESPONSIBILITY These efforts are mainly aimed at fulfilling the need for future BRI leaders and marketing staffs. 1. human resources management has been carried out in a sustainable manners trough series of integrated activities within the framework of Human Resources Architecture from planning. Therefore. 9. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 124 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. acquiring. BRI's wide coverage of service involves different cost structure in each geographical area. 2. In 2010 the related policies for employee development: • Talent Pool Intended to identify and prepare high performance employees for strategic positions. as BRI business develops rapidly the Company could implement simple yet dynamic remuneration system. developing. The amount of compensation and benefits for BRI employees are measured according to their positions and performance. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE 3. • Contract workers. for newly developed fields where no internal sources are available. Employee Welfare BRI remuneration system is fair. such as account officer and administration staff. it is possible to create a pool of professional and skillful talents in sufficient number capable of adapting with the dynamic business environment thus supporting the optimum achievement of company’s strategy. This policy will be developed as the base of Talent Management. The additional number of BRI employees to support the business growth was also accompanied by efforts to maintain excellent quality of existing employees by developing welfare related policies as part of retention strategy for high performance employees.

customer satisfaction. Yogyakarta. Training and Education Human resources is the bank's essential assets. Within 2010. At the same time. The Company also continuously maintained good communications with the Labor Union who are strategic partners in developing the Company’s business according to the regulations as stipulated in Labor Act No. and employee MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Training for Newly Recruited Employees Newly recruited employees are provided trainings on basic knowledge and skills required for their positions. corporate culture continues to be developed and implemented through the Performance Improvement Program that must be carried out at least once a year in each working units. The policy is expected to create a competitive and fair working climate for all the employees that will encourage them to contribute their best for the Company. To support the system. BRI Corporate Values of integrity. Bandung. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI provides both financial and non financial rewards. and Makassar. it will give maximum benefits for the company.90% increase from Rp168. 13 of 2003 on Manpower. Industrial Relations and Corporate Culture Asides from giving rewards. an integrated information system is also developed. and respect to human resources must be used as a guidance in employees’ professional and personal conduct. Padang. Organized training programs development consisted of: a. 6. At the end of 2010. and relevancy of the programs for the employees. Human Resources Development Plan BRI policy in human resources management is by developing integrated talent management system.FOREWORD COMPANY PROFILE Good performing employees are rewarded by bonus. In 2010. so. BRI spent Rp250. BRI continued its effort to develop training and learning programs that link and match with BRI's business development.60 billion in 2009. • Management Trainee Program In 2010. This program should consider the efficiency.651 participants graduated from this program. 4. 5. Surabaya. BRI also employs policies on punishments that are both consistent and just to employees who had been proven to have made disciplinary violations in order to create a healthy and a sense-of-fairness in the working environment. incentives and salary increase.48 billion for training and education program. 1. effectiveness. leadership. Rewards for employees is one of BRI's corporate culture that will spur better target achievement. The development programs were facilitated in 6 Regional Learning Centers located in Jakarta. thus improvement in employee's skills. management trainee program was held as a (MT program) to prepare its participants to become future leaders of BRI. and attitude is essential time to time as the company grows. 125 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . knowledge. professionalism. 48. The amount of these bonus and incentives depends on the company's profit achievement and working unit levels.

along with tips and tricks from relevant business actors. . 500 BRI Unit Manager received various related trainings. people skill. as well as post graduate scholarship for staff who has highly prospective to became future leader of BRI. an educational blueprint has been prepared for the business and business support staffs on five education and training material modules i. and 1. service. In order to provide the course curriculum that match with BRI's business needs. there were 125 associate auditors and 259 resident auditors trained on basic knowledge related to audit function in commercial bank. participants received several materials on banking in general and BRI. c. sub-branches and BRI Units. received various related training. and US. Throughout 2010. funding officers and front liners (customer service and tellers). business profile/pocket book modules. bank guarantee and construction business as well as oil and gas. have also been developed for account officers in the branch offices. CORPORATE SOCIAL RESPONSIBILITY b. Applicative Training The applicative training provides skills and knowledge needed by employees to support their work in their current positions. In addition to the workshops. In order to get human resources with integrated knowledge and skill commensurate with their job experience.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS During the training. • Other Trainings Other than MT Program. and IT MT Program specialist programs were conducted available to provide them with more in-depth knowledge in the fields of Audit and IT. and banking operation with a depth level in accordance with participants' position and length of service. in and out of the country. BRI also conducted trainings for their field staffs such as account officers. sales. In order to strengthen the Audit and IT function. BRI has also developed an education and training matrix which is included in an educational blueprint.312 front liners attended the trainings prior to their appointment. Participants were declared graduated after having passed a comprehensive examination before the Board of Directors and Division Heads. As initial phase.320 account officers. In 2010 there were: 241 supervisors. Included in the classes are Debriefing and Application Modules. 1. power plant. marketing. They were required to undergo on the job training at the branch office. so untill December 2010. In Audit function. BRI sent 22 employees to study in several universities in Australia.036 account officers.e. 165 funding officer and 6. Some of the inhouse trainings includes workshops and benchmarking of potential business profiles aimed at providing participants with "the industrial tree". paddy and rice industry. This training is carried out either inhouse or through attending public courses. there are currently 24 staffs studying overseas. Educational Blueprint for Business and Business Support Staffs. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 126 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. several pilot classes based on the blue print were set up to get feedbacks from the Division/Working Units and participants. sugarcane and sugar industry. Education for Development Training for job promotion is for employees who have potential for promotion and/or have recently been promoted. UK. Education for development was also provided for employees in micro business. Auditor. shipping. CORPORATE GOVERNANCE d. In 2010. Business Profile Workshops organized in 2010 are cow related business (milk and slaughter).

effectiveness. Training and Education Program Plan In 2011 the focus of training will be on the delivery of the training where technology was used to achieve better results. the use of e-learning and distant learning method in 2011 will be intensified to achieve a learning method of "blended learning". As a "source of knowledge".471 employees participated in trainings that is average of 3. This is in line with BRI's future vision on learning and training that is transforming from training organizers to become a technology based knowledge center. It is expected that efficiency. and attitude of the employees under their responsibility through coaching. With all of activities mentioned above. mentoring. 127 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . and quality of learning and training activities for all BRI workers can be realized. As an initial step towards the vision. which is a data warehouse for the administration and management of education and training. and Front Liners Trainings Funding Officer Trainings Branch Manager and Deputy Regional Head Traning Classes Service Staff Training Refreshment Class for Assistant Manager of Micro Business and Micro Business Manager Miscellaneous trainings f. there were 168. Along with this project there will be a reorganization in 2010 to include e-education department. In addition. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Loan Officers. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE • e. and counseling. a digitalization will be done to all BRI libraries so that the dissemination of knowledge and information regarding new books/articles can be easily accessed by the workers. evaluation is also implement out on e-learning with the aim to find out LMS performance and obtain feedback from participants about e-learning materials. The Blueprint that has been tested in a pilot project and will be rolled out along with e-learning development. e-Learning e-Learning continue to be the reliable method for future delivery of trainings and has been constantly improved in 2010 through the following activities: IT & Security Awareness Training on Anti Money Laundering & Terrorism Financing Prevention Introduction to Loan Product/Knowledge Similar with conventional learning. skills. The initiatives refers to a continuous learning system where line managers are expected to participate in the formation and development of knowledge.3 trainings in one year for each employee. a cascading learning as a form of continued learning will be introduced. in 2011. in 2010. BRI continues to develop back office automation.FOREWORD COMPANY PROFILE The following are the pilot classes set and continued by evaluation and fine tuning: • • • • • • • • • Sub Branch Managers Training Sub Branch Managers Advance Training Training Sessions for Account Officer Candidates Account Officer Advanced Trainings Unit Manager.

Sharing of Experience .Business Profile . FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 128 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Service and People Skills. Sales. Service and Manager Skills Immersion Class. CORPORATE GOVERNANCE Participants: Newly recruits from external or from the job opening.Motivation .Basic Marketing. People Skill Enrichment Advance Marketing. Managerial Skills in accordance with job requirements.Critical Hard Skills . Sales. Participants: Preferred to all related employees holding existing positions over 2 years. Sales.Marketing/Sales/Business Issue . .COMPANY PROFILE FOREWORD Education Matrix in the Learning Blueprint for Business and Business Support functions: MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Preparatory Preparatory Phase I (after recruitment/placement) . Participants: Employees who have been holding their current positions for 1-2 years (for positions with relatively long tenure such as Branch Manager and Account Officer). Refreshing Workshops/seminars: .Forum per Position (Branch manager/FO/AO Forums) Preparatory Phase II Marketing.Leadership .

In an effort to improve the local economy and ease of access to its service. For the last 5 years. as follows: • To meet the needs of the community for banking access. further development and improvement in micro businesses network was also evident.FOREWORD COMPANY PROFILE Network and Services BRI continues to improve the quality of its service and network throughout Indonesia. BRI is ready to become the largest payment bank in Indonesia to serve a variety of banking transactions. CORPORATE SOCIAL RESPONSIBILITY Development of BRI Teras In order to better facilitate accessibility and provide faster service to micro customers. BRI opened 217 BRI Teras and in 2010 opened another 400 BRI Teras. more than 400 BRI Teras. and in the end it will give positive influence on BRI's business growth. total micro outlet networks reached 4. BRI opened 117 BRI Units. • BRI changed the layout and identity of its BRI Unit offices • Conduct training for employees of BRI Units and BRI Teras in order to provide more effective services to micro customers. • Developing technology applications that will expedite application of loans at BRI Units and BRI Teras. This network included the development of BRI Units and BRI Teras. in 2005. BRI opened 115 BRI Units.649 BRI Units. Until end December 2010 BRI opened 105 BRI Units and 400 BRI Teras. Development of BRI Units BRI is a state-owned bank that focuses on micro businesses. 114 BRI Units in 2009 and 105 BRI Units in 2010. it is expected that BRI can better serve the micro community. BRI continues to develop a network of micro businesses throughout the country. In 2008. CORPORATE GOVERNANCE Development Plan In 2011. Achievement in 2010 BRI has established several strategic steps during 2010. The location of BRI Teras is at the center of business activities which allows BRI customers to save money. To be closer with the customers. • Increase the utilization of e-channel at BRI Units and BRI Teras to provide more convenient transaction options. BRI has developed a new outlet in the form of BRI Teras. Since November 2009 all of BRI Units and BRI Teras have been linked real time and online. BRI is planing the following development programs: • Opening more than 100 new BRI units. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Micro Business Network In line with the vision and mission of BRI. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. this strategy is implemented to strengthen customers loyalty. BRI has a network of more than 7. Then another 75 units was opened in 2007. 129 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . With all working units linked together in one network. the number of micro-business networks recorded was 4. BRI has expanded its networks to regions previously unreachable by other banks. and conduct other banking transactions without having to leave their business activities. apply for credit.112 BRI Units and 127 PPD. In 2009. By sustainable development and optimization of the entire network of micro business. bringing total BRI Teras opened to 617. in 2006.000 outlets all over the country. Until December 2010. The network has been connected real time and online. and 40 Mobile BRI Teras.

631 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 130 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.COMPANY PROFILE FOREWORD Retail Business Network To become the best bank in Indonesia. and e-channel was optimized to reach all layers of the society. During 2010. 5 Consumer Loan Centers.734 20 60 6. 30. . BRI's working unit and e-channel networks were continuously developed and improved. 9 Pension Centers • Procurement of 18 mobile service (e-buzz) • Placement of e-channel: 4. To achieve this goal.278 2007 1. BRI is planing the following development programs: • Establishing conventional working unit: 10 Branch Offices.000 EDC. Year 2006 1.398 2010 6.000 ATM. While supported by improvement of the service quality on each distribution network.576 2 2008 1. and 20 CDM • Display standardization of Working Units and e-channel.834 1 14 2009 3. Cash Outlet. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Total Working Units Working Units Regional Office Branch Office Sub-Branch Office Cash Outlet Year 2006 13 334 202 0 2007 14 344 230 24 2008 14 376 337 179 2009 17 406 434 728 2010 18 413 470 822 CORPORATE GOVERNANCE Total e-channel Working Units ATM CDM KIOSK EDC Development Plan In 2011. 40 Priority Lounges. 30 Sub-Branches. BRI continues to be the bank with widest network that is accessible by customers everywhere and with the best service quality.085 71 100 13. and 50 Cash Outlet • Opening of BRI Centers: 10 Priority Banking Centers. Sub-Branches. network utilization at Branch Offices.

Bronze for The Best Team Leader category and Excellence Performance BRI in Contact Center Association Leader Expo. "One door" customer complaint handling by the Contact Center Service and the opportunity to resolve customer complaints through Banking Mediation from Bank Indonesia. mini-ATM (EDC).e. Network of more than 7. Additional services developed in 2010 was: 1. CORPORATE SOCIAL RESPONSIBILITY 5. previously on rank 11th with a value of 78. 2. Continuous customers education and information on the ease of using e-banking. 2. From the Center for Customer Satisfaction and Loyalty (CARRE) in the 2010 Call Center Award. 7.FOREWORD COMPANY PROFILE Services BRI constantly strives to improve the quality of its service to improve the satisfaction and loyalty of the customers that will ultimately have a positive influence to BRI's business growth. Weekend banking services. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 9.14 in 2009 to rank 6 with a score of 81. managed to increase its ranking. Placement of BRI network at the Regional Police Office to facilitate payment of driver's license/vehicle registration. namely the establishment of BRI Teras in traditional markets/wet markets that provide savings and loan services. 131 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . In 2010. Micro segment service. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. In terms of service contact center. Ease of access to banking services through BRI call center. to serve the needs of customers on holidays. to serve the needs of customers who require banking services for 24 hours at the hospital. Based on MRI research results. sms/mobile banking and e-money (in progress). 1. 24-hour service in several hospitals. BRI has won The Best Contact Center Indonesia 2010 for Service Excellence Call BRI in the credit card category. Bronze for The Best Back Office Operations category. Simplifying service to customers includes producing instant ATM cards and changing ATM PIN quickly. simplify the process of opening an account. BRI improvement in enhancing quality of service to customers. internet banking. With all working units linked in one network. Silver for Video Contact Center category. i. 8.000 units spanned from the farthest west part of Sabang to the most eastern part in Merauke already connected in real time and online. BRI has won Platinum award for The Best Contact Center Operation category. BRI is ready to become the largest payment bank in Indonesia to serve a variety of banking transactions. From the Contact Center Association (ICCA). 4. in 2010 Bank BRI also received awards from several institutions as follows: CORPORATE GOVERNANCE 3. has recognized by achieving "The Rising Star Service Excellent" from Infobank magazine in partnership with MRI (Marketing Research Indonesia) research institution. Gold for Leader category.94 (up 5 positions from 11 to 6 with 3 points value increase). Adding ATM and other e-banking products such as cash deposit machines (CDM). 10. BRI has become the only bank which quality of service value that experienced a significant increase over the previous year. 6.

. Socialization and Implementation of Service Culture Standardization of service and increase customer satisfaction through performing SQ coaching. Improving the awareness and spirit of service by conducting Service Quality (SQ) awareness roadshows through several service quality improvement programs. the strategies are: • Improving BRI's image by improving its contact center. SQ monitoring and refreshing course activities of products and policies to the range of front liners at Branch Offices. Appointing working units as a Pension and Briguna Service Center in each Regional Office. From Bank Indonesia (BI) BRI has earned an award on Care in the Settlement of Customer Complaints. SubBranches.COMPANY PROFILE FOREWORD Procedures for handling customer complaints: Customer Complaints Media used: • Mass media • Website/Email • Through employees • Working Units • Call Center Customer Response Center Escalation of problems to the relevant working unit MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Settlement 3. Appointing pilot branches as the best practice in terms of quality of service in each Regional Office (Center of Excellence). Cash Offices and BRI Units. Improving the service skills and service leadership by organizing training related to the workers at Branch Offices throughout Indonesia. CORPORATE SOCIAL RESPONSIBILITY • • • • SUBSIDIARIES • • FINANCIAL STATEMENTS BRI 2011 132 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. among others through: • • • One door reporting of customer complaints by operational working units (full service). Standardization of BRI service and ensure customers receive news of complaints follow-up results by centralizing correspondence to customers. Monitoring customer complaints through second level front liners as intermediaries between customers and the back office to settle customer cases and complaints. CORPORATE GOVERNANCE In order to improve quality of service to customers.

Increase skills and knowledge of help desk operators by: Conduct incidental or gradual trainings On the job training in operational units for both new and existing agents to better understand the operational conditions of the working units. • Escalate and monitor handling of e-banking service operations including e-channel product problems i. Forex Line. Giving Best Agent award on a quarterly basis.FOREWORD COMPANY PROFILE • Preparation of Standard Service for the sales team (Account Officers.e. motivation building Monitor CIF duplication completeness. the addition of help desk operators/agents. ATM. making implementation of problem report (IPR). SubBranches. Establishment of quality control team Improving help desk operators' working motivation. and Staff). Implement response function center that refers to the Service Level Agreement (SLA) by improving help desk infrastructure such as adding Remedy license and upgrading Remedy System to Version 7. • SUBSIDIARIES • ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and BRI Units to both deposit and loan customers. 133 BRI 2011 FINANCIAL STATEMENTS . Addition of team leaders from senior agents/best agents. product promotion media and increase customer awareness to BRI products. Plan Fund. the addition of Avaya System license. Bapeten. Funding Officers. roll out Remedy System in operation units that have not been implemented. Sharia Service Office. Organizing annual Service Quality events for help desk agents. Pusri. appearance of front liners. SMS banking.5. Management Information System as sources of information in decision making by management. Kiosk. Coordinate and monitor handling of operations and service units in disaster affected areas (as the coordinator of Head Office's Crisis Center Team). Standardization of lay out display of branch offices. PGN). and CIF data MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS • • • • • CORPORATE GOVERNANCE • • • CORPORATE SOCIAL RESPONSIBILITY • • • Develop Operational Manual on Cash Management System (CMS). Internet banking. Identify customer needs through the activities of Focus Group Discussion with customers and conduct customer satisfaction surveys regularly to customers of Branch Offices. phone banking. Product knowledge competition amongst Branch and Sub-Branch front liners throughout Indonesia as well as BRI Unit front liners through the SQ Vaganza program. review operational policies in order to process business reengineering to improve customer satisfaction. Develop accelerated service quality improvement program through the SQ Assurance and Improvement program. EDC. CDM. Developing applications of host to host and BRIVA (BRI Virtual Account) with State-Owned Companies (among others): PDAM. the fulfillment of voice recording system. the addition of knowledge management (database problem solving). Improving working motivation by providing service awards at Branch level and worker level.

In terms of Delivery Clearing. centralization of the clearing. with total transaction value of Rp166. the bank clearing transactions also shaved a significant increase. Bank Clearing. Total RTGS incoming transactions of BRI amounted to Rp3.8% increase from 2009. while outward transactions reached Rp28 trillion with 2. there are around increase of 50% from 2009 with nominal transactions recorded at over Rp162 trillion or grow 51.3 million transactions per day) or increase 50. at the of end 2010 reached 19. BRI consistently transformed operations in the field of internal business process from distributed banking operation to centralized banking operation in order to improve efficiency and effectiveness of operations in accordance with the national banking best practices. RTGS. total inward transactions have reached Rp84 trillion with 3. Efforts to develop and evaluate business process of all transactions are handled consistently including improvement to remittances and trade finance applications. In terms of loan clearing.7 million transactions. Development of Credit Card and e-Banking Development of BRI e-banking transactions rose significantly in 2010. . Until 2010. Similar to RTGS transactions.5% compared with 2009. While RTGS outgoing transactions have reached Rp3. centralizing reconciliation of ATM transactions. This is in line with the increased of credit cards circulation.43 trillion with 965 thousand transactions. increase 114% from 9.2% from 2009. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Business Process Improvement and Operational Efficiency BRI has made a number of improvements in the field of operations to cope with business demands and achieve performance targets in 2010.COMPANY PROFILE FOREWORD Center of Operation SENTRA OPERASI In 2010.7 million cards.7 trillion or 51.44 trillion with 881 thousand transactions.4 million transactions. and so forth aimed at creating a Straight Through Processing (STP) and settlement of open positions and differences relating to e-banking. which include implementation of centralized debit vouchers in Jakarta. Surabaya and Bandung Clearing Areas as well as a Centralized Cash Reconciliation and Settlement of ATM Cash Differences concentrated in the Regional Offices of BRI in Java and West Kalimantan.2 million cards in 2009. clearing. and nostro. In supporting the improvement of banking services. Development of Operations Centers Development of Operations Centers basically cannot be separated from the development of businesses or transactions conducted by the existing business units at BRI. effective and efficient.9 million transactions. Looking at the types of transactions. which ultimately increase speed and accuracy of service to customers. and Treasury Transactions The transactions of RTGS (Real Time Gross Settlement) in 2010 showed a progress. 305 million ATM transactions are recorded. Total card transactions in 2010 reached 332 million transactions (on average almost 1. while outward transactions reached Rp20 trillion with 727 thousand transactions. business process evaluation and improvement of operational procedures. such as the centralization of back office. BRI manages and develops centralized back office operations so as creating centers that are ideal. RTGS. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 134 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. ATM cash. it shows that the biggest transaction was conducted on ATM. total inward transactions have reached Rp33 trillion with 4. The increasingly rapid and complex business development have required BRI to adapt and make improvements in the operational field and continue to develop and supervise in a dynamic manner to minimize the possibility of losses due to operational risk.

Compared to 2009.225 transactions with a value of USD171 million. Number and nominal outgoing remittances transactions in 2010 have significantly risen compared to 2009. there has been a significant increase in terms of transactions or amount of transactions.473 transactions. Developing Paperless e-banking Settlement.653 transactions to 410. in regards with USD currency. Total money market transactions in 2010 reached 3.142 transactions. while lending transactions recorded at Rp95.7 million to USD171 million. while lending transactions was recorded USD5.5 billion.99 trillion with 1. Incoming NonPartnership Remittances in 2010 was recorded at 80. total Incoming Partnership Remittances derived from 24 partnership institutions was recorded at 410. Remittance Transactions Until 2010. located at Regional Offices of BRI across Indonesia. In terms of forex transactions in 2010. 135 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . In 2010 nominal fixed income purchase transactions denominated in Rupiah was Rp1.076 transactions.31 billion with 140 transactions. Developing Enterprise Reconciliation Application.492 transactions with a value equivalent to USD15 billion in 2010.13 trillion with 5. Total number and value of outgoing remittance transactions in 2010 increased respectively by 31% and 36%. The plans are: • Establish Regional Operations Centers. Preparing implementation steps of ISO Standard 9001:2008 .73 trillion with 1. Outgoing remittances in 2009 were 22. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE • • • ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. with average value increase from USD90. sales transactions was USD20 million with 2 transactions. for debiting clearing transactions and cash movements.99 trillion with 346 transactions. total purchase transactions in IDR equivalent to Rp135. In terms of USD currency.17 trillion with 794 transactions.933 transactions with a total value of USD10.225 transactions per day.FOREWORD COMPANY PROFILE In terms of money market transactions. in 2010 in regard to IDR currency. borrowing transactions was recorded at USD1.43 trillion for Rupiah and USD52 million for USD. increased to 33.Quality Management Systems. The average number of daily transactions also increased from 196.954 transactions with a value equivalent to USD9. Development Plan BRI has designed plans to anticipate more complex banking problems in 2011. while total sales transactions in IDR equivalent to Rp94. with total nominal value of Rp9.76 trillion with 9. while sales transactions amounted to Rp33. borrowing transactions was Rp34.025 billion with 306 transactions. In terms of number of transactions. purchase transactions was recorded at USD183 million with 68 transactions.5 billion.726 transactions.372 transactions.

namely: • • • • • • Providing broad access channels for customers equipped with standard. CORPORATE SOCIAL RESPONSIBILITY Total BRINET Working Units 2006 Total Working Units Regional Office Inspection Office Branch Office * Sub-Branch Office Cash Outlet BRI Unit BRI Teras 4. Utilization of multimedia and paperless technology MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BRINETS Core Banking System (CBS) Throughout 2010. time wise and cost saving. time wise. Implementation of security technologies and IT governance process . Implementation of (near) zero downtime.335 14 12 376 337 179 4.300 0 2008 5. Therefore. There are 7.229 0 2007 4. To achieve this. Currently. cost saving and mitigate the operational risk. Adoption of leading-edge IT (Information Technology) to follow the trend in the banking industry. various and integrated features. various strategies have been and will be developed and implemented gradually since 2008 until 2013.854 17 14 406 434 728 4. .COMPANY PROFILE FOREWORD Information Technology and Systems TEKNOLOGI DAN SISTEM INFORMASI BRI is committed to become a modern bank. The accesses of all 4. the first and the biggest business unit integration in Indonesia.538 285 2010 7.649 617 SUBSIDIARIES *) Including Special Branch Office and 3 Overseas Branches FINANCIAL STATEMENTS BRI 2011 136 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI is still in progess to change the application system in 1000 BRI outlets from BDS (Branch Delivery System) into BRINETS web.417 0 2009 6. the shift on system and application to adhere the internal policy and regulations will be centralized. This changes will centralize the internal policy and regulations.012 BRI working units integrated in CBS BRINETS.500 BRI offices to CBS BRINETS host are using web-based BRINETS application system.004 18 14 413 470 822 4. Providing complete data access in real time and online. BRI had great achievements in relation with gradual implementation of the ITSP. The strategies are contained in the Information Technology Strategic Plan (ITSP) of BRI for the years 2008-2013.789 13 11 334 202 0 4. mitigating the operational risks.924 14 12 344 230 24 4.

FOREWORD COMPANY PROFILE Development of Electronic Banking To serve customers 24 hours a day. accuracy. In 2010. In 2010 MIS developed Debtor Information System Report Application. EDC (Electronic Data Capture).398 2010 6. The use of multimedia technology and paperless information systems make the presentation more communicative. 7 days a week. and timeliness in the provision and integration of data to business needs and compliance with regulations. BRI has prepared the infrastructure for IT data center and EAS connection. electronic fund transfer. effective and efficient. phone banking. In terms of business acquisition project. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. communicating and conducting banking transactions through the facilities of ATM. improving the time response and data validity in presenting Commercial Bank Report of Basel II to Bank Indonesia and ATM Centralized Reconciliation. and Internet banking. SMS banking.278 2007 1. BRI launched e-money prepaid card called BRIZZI by considering the potential for micro payments and the opportunity to acquire a good market of card holders and merchants.734 20 60 6.085 71 100 13. KIOSK.631 CORPORATE GOVERNANCE BRI continues to develop the appearance of new features in each channel access. BRI needs to improve and develop electronic banking features continuously. BRI has prepared EDC along with its infrastructure support. Electronic Media will facilitate customers in getting information. 137 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .576 2 2008 1. Credit Card In order to support product development of VISA issuing and acquiring. cash deposit machine. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Total e-channel Tahun ATM CDM KIOSK EDC 2006 1. CORPORATE SOCIAL RESPONSIBILITY Development of Management Information Systen (MIS) MIS development is undertaken to improve the completeness of information.834 1 14 2009 3.

The improvements take the form of additional features. • • • • FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES The Availability of Communication Network In line with the very rapid development of BRI network and operations along with additional online working units that keeps on increasing. with the following details: 4. security systems.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS New Cash Management In order to maximize the functions of cash management services for institutional and corporate clients. application systems and information technology. some strategic plans were made: • Complete the infrastructure and develop e-channel implementation in order to support the business needs and business competitiveness and compliance to the rules and regulations Build new BRI Data Center at the IT building as second data center to increase availability and business continuity. availability. New Cash Management can provide comfort and convenience and increase customer confidence as well as open new customer acquisition opportunities. speed of service. As part of Business Continuity Management. BRI has maintained the availability of a communication network that is supported by continuous supervision through the enterprise monitoring system and used a redundant and different communication media such as satellite and fiber optic. To guarantee performance of this system. To improve the Information Technology Security Awareness. Develop knowledge management systems and document management systems to support paperless banking operational process. Implement tools and redundant communications networks in each BRI working unit. Corrective action is taken immediately after a weakness to the system is identified. BRI has implemented the Security Awareness program to all of BRI’s employees. Therefore. and a number of universities host to host tuition fee payment and tuition fee obligation). in accordance with vulnerability management's standards and procedures. BRI conducts periodic pilot testings to ensure that this system and application will continue to function when there is damage or disaster to the infrastructure of BRI's information technology in DC. Add electronic banking devices until 2013. BRI has prepared Disaster Recovery Centers (DRC) at different locations than Data Centers (DC) as an alternative facility if a DC is experiencing problems. BRI performs further development on application of New Cash Management Service. BRI's information technology also supports the process of cooperation with several institutions such as Bulog (host to host payment with third party of Bulog). 138 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. . Security System and Security Awareness BRI’s technology infrastructure is evaluated and audited on a regular basis with the aim of mitigating weaknesses and fragility risks to the information technology infrastructure. and rapid handling of problems. Development Plan Information Technology in BRI is facing a formidable challenge. user friendliness. Pertamina (new host to host fuel oil purchase). Business competition in banking industry augments the need to develop the business further. Facing the information technology challenge in 2011.000 Automatic Teller Machine (ATM) 30.000 Electronic Data Capture (EDC) 20 Cash Deposit Machine (CDM) CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Sustainable Business Planning and Disaster Recovery BRI has prepared the application of Business Continuity and Disaster Recovery Plan to maintain continuity of business operations while improving customer confidence and mitigate operational risks due to failure of infrastructure. the information technology infrastructure in BRI must improve its competitive advantage. PT Pusri (host to host fertilizer purchase).

BRI relies on the Logistics Management Information System (SIM-AT) which has been integrated in managing fixed assets across Indonesia. focused and guided in supporting the business of the company. scale of priorities and budget availability. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. distribution. In order to better guarantee procurement activity of goods and services speedily. Development process is focused on aspects of planning and control. the Company carries out a series of organizational changes within the working units to implement management functions on fixed assets and logistics. 139 MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Thus. For that. the Company has plans to implement office automation with the implementation of e-logistics and e-procurement as part of the increased speed and effectiveness and efficiency of service. the needs for fixed assets and logistics must be met speedily. so the procurement process can be conducted in accordance with business needs. activities to meet the requirements of products and services can be done effectively and efficiently at the same time support the role of Regional Offices in improving the performance of their working units. transfer and removal of fixed asset data in the system. to take notes and record procurement transactions. accurate. efficiently and effectively the company has prepared a Service Level Agreement (SLA) for logistics activities by always observing GCG principles. flexibly. In order to meet the increasing needs of company logistics. the needs for optimal management of fixed assets and demand for meeting logistics needs in a timely manner will continue to increase. BRI continues to carry out assessment and development of SIM-AT in order to guarantee the availability of complete. The process of procurement needs to be done on an sustainable basis. efficiently and effectively by always inplementing Good Corporate Governance (GCG) principles so that the company does not lose its business momentum. For that. with the new organization.FOREWORD COMPANY PROFILE Fixed Assets and Logistic Management MANAJEMEN AKTIVA TETAP DAN LOGISTIK In line with business development and network expansion. The company has also continuously made improvements to the general logistics policy of the company to adjust to its business development and the laws and regulations applicable to State-Owned Enterprises. BRI has improved fixed assets management policies and integrated research to obtain a real picture and condition of the company's fixed assets in the field. management of fixed assets and logistics of the company can be done more efficiently. professionally. The company's policy in logistics cover the implementation of decentralization process in procurement of goods and services to the rank of Regional Manager with adequate authority. informative and up to date fixed asset data. It is expected that. among others. In the long term. flexibly.

BRI has set targets. In composite. both in normal condition and/or disaster and interruption. In the application of risk management. . IT system.COMPANY PROFILE FOREWORD Risk Management MANAJEMEN RISIKO Implementation of an integrated risk management system is one of BRI's commitment to minimizing potential losses faced by BRI. The Risk Profile consists of inherent risk (the risk inherent in bank's activities prior to the control) and risk control system (control of inherent risk) to 8 (eight) types of risks involved in 7 (seven) BRI functional activities of credit. In terms of risk control system. BRI has disseminated risk management information throughout its working units all over Indonesia through training and communication through print ing and electronic media (Memo Perisma and BRI internal portals). BRI's risk management is implemented with three lines of defense. namely: 1. operations and services. and ORMC (Operation Risk Management Committee). Implementation of BRI Risk Management In an effort to implement risk management in all working units. safeguard its assets and appropriately respond in a situation of interruption or disaster. so that risk exposure as a whole does not exceed the capital capacity of BRI. BRI has developed Business Continuity Management policies and procedures so that BRI can maintain the continuity of a critical business process. the Board of Directors is assisted by the Risk Management Committee (RMC) as the highest body of BRI's risk management system.e. to discuss specific problems of a certain type of risk in need of an immediate response can be decided through a limited RMC meeting. market risk. First line of defense refers to business/operations working units as the parties responsible for implementing internal control functions and maintaining the quality of output and business process in accordance with the established policies and procedures. operational risk and other risks. To safeguard the bank's business continuity. Business Continuity Management In the increasingly competitive banking environment. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS c. BRI has earned an assessment between strong and acceptable. Besides RMC. b.: a. trade finance. Third line of defense refers to internal audit units functioning to control through evaluating first and second line of defense as well as reporting to the President Director and the Board of Commissioners independently. BRI must always be responsive to interruption and immediately restore the bank's operations during and after an interruption/disaster. namely protect capital and optimize risk and return relationship. There are three sub-MRC namely CRMC (Credit Risk Management Committee). In managing business risk exposures and determination of the Risk Management System. RMC Meeting is held at least once in every three months. BRI is still at low to moderate level. established to discuss problems in connection with credit risk. Creating a Risk Aware Culture.10 with a stable trend. Risk Management has an important role in improving the quality of bank risk management in order to achieve bank goals through two aspects. the Board of Directors and the Board of Commissioners play an important role in supporting and overseeing the success of its application in all working units. or known as sub-RMC. BRI's Aggregate Risk Assessment through Self Assessment process produces the Risk Profile. treasury. strategies and work programs to support the achievement of objectives i. 3. funding. and support. BRI's overall risk profile during 2010 remained at low to moderate Risk category by achieving a score of 2. Second line of defense refers to risk management working units monitoring fulfillment of the bank's risk management in accordance with risk appetite and set policies. MRMC (Market Risk Management Committee). 2. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 140 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. both for inherent risk and risk control system. guidelines and working unit's business/ operation risk limits independently.

For that. the allocated capital to cope with credit risk amounted to Rp16. thus expected to encourage the business activity-oriented bank to optimize risk and return and capital adequacy of the bank to absorb losses due to credit risk. credit risk limits need to be set so that credit risk potential losses that have arisen can still be absorbed by the allocated capital. Conduct policy review of the use of CRR-CRS (Credit Risk Rating-Credit Risk Scoring). Relationship Management and Credit Risk Management. BRI continues to apply prudential principles in the loan initiation process.67% of total capital. CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY a. LGD/Loss Given Default and EAD/Exposure at Default).7 trillion or 53. Perform application development of collateral data and recovery rate per debtor to be part of the LAS (Loan Approval System) and reporting module. credit risk is calculated using the standard method. participations. Application of credit risk management at BRI is not only intended to place BRI as a bank that adheres to regulations. In accordance with the Minimum Capital Requirement Report in 2010. Credit Risk Modelling (PD/Probability of Default. Credit risk can come from various bank functional activities such as lending (provision of funds). in 2006. The main principle in managing credit risk includes separation of loan officers . and separation of problem loan management. Credit risk is the biggest component in BRI business risk portfolio. 141 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . and trade finance. credit risk measurement simulation for BI Quantitative Impact Study to proposing a draft Regulation on Standardized Approach to BI. BRI has assessed calculation of credit risk limit including credit concentration limit and routinely monitors actual credit risk exposures based on portfolio. including worst case scenario) through bottom-up using customers' cash flow for corporate debtors and by using past performance portfolio data for MSME debtors. In addition. per business segment and per economic sector. Conduct manual preparation of the Standardized Approach manual based on BI consultative paper. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In addition. BRI has formed Project Team of Credit Risk Basel II which is responsible for developing and implementing credit risk management with the Standardized approach and the Internal Rating Based Approach. Credit risk activities done by BRI during 2010 were: e. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI products/claims that have credit risk exposure are loans and non-loans (placements. To ensure that activities are in lending are carried out prudently. with reference to external conditions and macroeconomic conditions in 2010. BRI is also one of the banks that has made a Stress Testing analysis presentation before Bank Indonesia and IMF/World Bank in accordance with the Financial Sector Assessment Program (FSAP) and made an estimation on Macro Credit Risk Stress Testing based on macroeconomic data from Bank Indonesia (baseline scenario) and IMF (stress scenario).FOREWORD COMPANY PROFILE Implementation of Credit Risk Management Credit risk refers to risk that occurs due to failure of the counterpart to fulfill obligations. Based on the assumption of 8% CAR. the implementation of four eyes principle. which are recorded in both banking book and trading book. d. In order to maintain quality of loan portfolio. b. Given the complexity and magnitude of credit risk exposure at BRI. c. Conduct stress testing (with various scenarios. the application of risk scoring system. but management demand to implement good credit risk management systems in accordance with best practices in banking. loan initiation process must follow sound lending procedures. treasury and investment. and other claims/assets such as internal/external receivables). BRI needs of MIS and CRM (Credit Risk Management) systems Simulate measurement of credit risk by using the Internal Rating Based Approach (IRBA) and conduct review of IRBA regrouping exposures in accordance with Basel II.

By using the approach. By using this approach. Review operational risk measurement with Basic Indicator Approach (BIA) and The Standardized Approach (TSA). With this application. In the application. Incidental Management (MI) to all Operational Work Units (UKO).96% of total capital. In 2010. Continue the development of gross income reporting system in accordance with business line mapping of BRI and Basel. BRI has implemented the Treasury and Market Risk (GUAVA) application system.6 billion or 0. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 142 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.37% of total capital. Application of Risk Management Forum (FMR) as a venue or meeting forum between the leaders of working units and their workers to address issues (risks) inherent in business activities or operations. capital allocated in 2010 to cover market risk amounted to Rp114. middle office and back office.2 trillion or 6. line with efforts to implement operational risk management. b.COMPANY PROFILE FOREWORD Implementation of Market Risk Management Measurement of market risk (interest rate risk and exchange rate risk) is done through the standardized approach method in accordance with PBI No. . among others: a. e. which is an integrated system used by front office (dealers). Simulate calculation of operational risk by using The Standardized Approach (TSA) and Advanced Measurement Approach (AMA). BRI has implemented Risk and Control Self Assessment (RSCA). capital allocated to cope with operational risk amounted to Rp2. 5/12/PBI/2003. measurement of market risk has used an internal model (Value at Risk). MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS Implementation of Operational Risk Management Operational Risk Measurements are carried out using the Basic Indicator Approach (BIA). BRI is expected to be able to monitor daily market risk more promptly and accurately (risk sensitive). Primary Risk Indicators (IRU). as well as improvement to the policies and procedures of Operational Risk Management (MRO) devices. d. To support AMA application. c. This function is inherent with the officer/supervisor at the nominated working unit responsible for the application of risk management and the enhancement of risk conscious culture of employees at its working unit. BRI has done important things. Review policies and implementation of Risk Management Function in each working unit in managing and monitoring risk.

controlling and monitoring legal risk. Corporate Secretariat Division has identified and reported the reputation risk profile to the Board of Directors. 6. so that the legal risk can be mitigated optimally. 2. socialization and guidance are done to employees in all working units of the legal aspects on each business and operational activity. Compliance risk is actually inherent on all business and operational activities. Review policies and methodologies of Credit Risk Rating (CRR) and Credit Risk Scoring (CRS) according to applicable regulations and monitoring application and implementation of CRR and CRS as redesign results. legal risk and strategic risk in accordance with Bank Indonesia regulations. Continue BRI pilot test implementation in the preparation of disaster condition (Business Continuity Management/MKU). Legal risk can arise from any business and operational activity in all working units. Perform application development (software) of MRO device. 5. Business Plan Risk management program to be conducted in 2011 are: 1. including development of risk-based performance measures (risk-adjusted performance measurement/ RAPM). Compliance Division is the coordinator of compliance risk that reports periodically to the Board of Directors. especially related to the prevailing laws and regulations and other provisions. BRI has managed reputation risk. Periodically. Formulation of policy and methodology of internal models for market risk associated with the implementation of treasury applications system and market risk. MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS In addition to that. This Division is responsible for determining the bank's strategic plan (corporate plan) and business plan for a period of 3 years as well as monitoring and evaluating the implementation. Review guidelines for measuring credit risk according to Basel II with the Standardized Approach (SA) and Internal Rating Based Approach (IRBA) in accordance with applicable regulations. 4. Perform simulation and stress testing review of Market Risk and Credit Risk. Strategic risk indicator is the bank failure in achieving the target due to unsuitable business decisions. IRU. Legal risk at the corporate level is managed by the Legal Division. compliance risk. Maturity Assessment and reporting the implementation of FMR. 3. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Corporate Secretariat Division has been designated as the coordinator of reputation risk management at the corporate level. measuring. MI. To assist the risk responsible party in identifying. called OPRA (Operational Risk Assessor) that includes RCSA. Development of enterprise-wide risk management. so that the responsibility for risk management responsibility and mitigation of legal risk is with all risk owners. through disseminination of information together with OPRA application training in several Regional Offices. Strategic risk at corporate level is managed by the Strategic Planning and Business Development Division. 143 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Evaluation and updating liquidity risk management policies predetermined by the management. g.FOREWORD COMPANY PROFILE f. OPRA application facilitates the application of MRO and as a preparation process to calculate operational risk capital charge using the Advanced Measurement Approach (AMA).

. 12. including testing the Call Tree and Switch Over DCDRC (Data Center . and formulations. MI) using OPRA application. methodologies.Data Recovery Center). Improve implementation effectiveness of the Business Continuity Management with relevant working units. Adequacy testing of risk management on New Products and/or Activity (PAB) MANAGEMENT DISCUSSION AND ANALYSIS MANAGEMENT DISCUSSION AND ANALYSIS 144 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Loss Given Default (LGD) and Exposure at Default (EAD) after LAS implementation thoroughly. 11. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Testing Probability of Default (PD). Evaluation of credit risk policies. IRU. 9.COMPANY PROFILE FOREWORD 7. Review implementation effectiveness of Operational Risk Management (RSCA. Preparation of the implementation of Standardized Approach (SA) and Advance Measurement Approach (AMA) 10. 8.

honest. The game order teach the players to be work in order.Chapter Corporate Governance 4 Congklak (Indonesian Mancala) is played by moving the seeds from the holes in sequential order. and discipline. Banking industry is a fully regulated industry to maintain the customer trust and ensure business sustainability Discipline .

leadership. the Board of Directors and all BRI’s personnels are committed to implement the principles of Good Corporate Governance based on the values of BRI Corporate Culture: integrity. and respect to human resources. professionalism. BRI understands that besides increasing business performance. corporate governance implementation is based on internal rules and regulations and the GCG principles. To strengthen these commitments. CORPORATE GOVERNANCE Bank Rakyat Indonesia (BRI). and complying to prevailing rules and regulations. In addition to the Board Manual. and become the base of BRI Codes of Conduct resulted in a clear and measurable objectives that leads to Good Corporate Governance.14-DIR/DKP/03/2010 dated 8 March 2010. 01-KOM/BRI/03/2010–No. customer satisfaction. BRI made some improvements in its policy regarding Good Corporate Governance (GCG) in a Joint Letter of the Board of Commissioners and the Board of Directors No. .S. As one of the indicators that the corporate governance is well implemented.FOREWORD Introduction COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS To ensure sustainable value for the company. BRI is obliged to submit the GCG report. the implementation of Good Corporate Governance is a must. The values in the corporate culture have been implemented in the Company. protecting the stakeholder interest. GCG Implementation in BRI 2010: FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 146 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. to comply with the prevailing Bank Indonesia regulations and to improve BRI performance in order to gain more trust from investors. with the Board of Commissioners.

Extraordinary General Meeting of Shareholders It can be held according to the Company’s need based on Article 24 of Company’s Article of Association. 147 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . b. • Proposal on how to utilize Company Net Profit if the Company have profit. Company would inform Bapepam-LK at least 7 (seven) days before the Announcement. IX. Number. then pursuant to Bapepam-LK. Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders.FOREWORD The Structure of Good Corporate Governance I. Prior to invitation. The Board of Director to hold Annual General Meeting of Shareholders and extraordinary General Meeting of Shareholders after prior Announcement and invitation to GMS. • Proposal to appoint Public Accountant Firm to audit Company’s current fiscal year performance based on the proposal submitted by the Board of Commissioners or authorize the Board of Commissioners to appoint Public Accountant Firm. Annual General Meeting of Shareholders (AGMS) is a forum for shareholders to obtain company information from the the Boards of Directors and/or the Board of Commissioners according to the Meeting’s Agenda and other Company related information. • Invitation to GMS is made by registered mail/print-ad 14 days at the earliest before the planned date of the meeting excludes the date of Invitation and the meeting. unless the Articles of Association stated otherwise. then within 5 (five) months after the financial year ends. and one of them is nationally circulated. 14 (fourteen) days before. Annual General Meeting of Shareholders (AGMS) AGMS is held at least 6 (six) months after the financial year ends and in the meeting. this authority not granted to the Directors and the Board of Commissioners.I. The company must submit the report of the GMS at least 2 (two) days after the completion of GMS by announcing it publicly in minimum 2 (two) Indonesian newspapers. Company must announce in two Indonesian Newspaper In accordance with BRI as public listed company and to unify the information related with the plan or implementation of GMS. General Meeting of Shareholders General Meeting of Shareholders (GMS) is the Company’s instrument with the authority as set in Law No. BRI organized 2 (two) GMS. Each share issued have 1 (one) voting right. And after the General Meeting of Shareholders. According to Law of Limited Liability Company and Articles of Association. AGMS consists of: a.1. • Other company-interest issues requiring General Meeting of Shareholders’ approval without undermining the provisions of Articles of Association. 40 year 2007 on Limited Liability Company. BRI is a Stated Owned Enterprise. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS • • CORPORATE GOVERNANCE CORPORATE GOVERNANCE • CORPORATE SOCIAL RESPONSIBILITY • In 2010. therefore by referring to Article 23 of Law No. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI’s Board of Directors must submit Annual Report to AGMS for validation. 19/2003 regarding State Owned Enterprise. the Board of Directors present: • Annual Report.

RPC-11168 date 24 March 2010 that fully release and discharge the obligations to Board of Directors and Board of Commissioners on their management and supervisory roles in the fiscal year ended in 31 December 2009 provided that such actions is not criminal in nature and reflected in the Company’s Book.48% from all the total issued shares. in accordance with the AGMS’ provision on quorum which stated in Company’s Articles of Association. BRI I Building 21st Floor and attended by shareholders owning 9.448.COMPANY PROFILE FOREWORD Annual General Meeting of Shareholders 2010 Annual General Meeting of Shareholders (AGMS) BRI in 2010 was held on 20 May 2010 in Auditorium. Decision of Agenda 1: Approving the Annual Report of 2009 including the Board of Directors Report and Board of Commissioners’ Supervisory Task for Full Year 2010 that have been audited by Public Accountant Firm of Purwantono. The process of AGMS 2010 were: • Submitting the agenda of AGMS 2010 to Bapepam-LK on 12 April 2010.922.709 shares or 80. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 148 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 AGMS may produce a valid and binding decision. Thus. Sarwoko. • Call of AGMS in 2 (two) daily Indonesian newspapers Kompas and Bisnis Indonesia on 5 May 2010. . Agenda 2 : Validation of Partnership Program and Community Development Report for Fiscal Year 2009 Decision on Agenda 2: Validation of Partnership Program and Community Development Report that has been audited by public certified accountant Herman Dody Tanumihardja & Partners as written in a report No. • Announcement in 2 (two) daily Indonesian newspapers Kompas and Bisnis Indonesia on 19 April 2010. Agenda and Decision of AGMS 2010: Agenda 1: Approval on Annual Report and Board of Commissioners Supervisory Report of FY 2009 and Submission of Report on The Actual Use of the Proceeds from Initial Public Offering (IPO). and Sandjaja in accordance with Report No. 29/GA/HDT-DH/PKBL-BRI/V/2010 dated 30 March 2010 that fully release and discharge the obligations of Board of Directors and Board of Commissioners on their management and supervisory roles in Partnership Program and Community Development provided that such actions is not criminal in nature and reflected in the Annual Report of Partnership Program and Community Development.

and tantiem for Board of Directors and Board of Comissioners. Appointment of Public Accounting Office to audit the Report of Partnership Program and Community Development for Financial Year 2010. CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3.815. Decision on Agenda 4: 1.077..141. SUBSIDIARIES 2.32 as Retained Profit. To authorize the Board of Commissioners in appointing Public Accounting Office to audit the Company's financial Report of fiscal year 2010 and deciding the fee and other requirements in accordance with prevailing regulations. 2. d. Approval on the distribution of company net profit for the period of 1 January 2009 to 31 December 2009 with the following split: a.192. Decision on Agenda 5: 1.916. Agenda 4: Defining the amount of salary.487. honorarium.749. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.for General Reserve. To authorize the Board of Commissioners in appointing Public Accounting Office to audit the Company's financial Report and Partnership Program and Community Development Report of fiscal year 2010 and deciding the fee and other requirements in accordance with prevailing regulations. c. CORPORATE SOCIAL RESPONSIBILITY Agenda 5: 1. Deciding that no changes for the salary/honorarium of Board of Directors and Board of Commissioners for 2010 and it will be the same as the salary/honorarium as decided in AGMS in 19 May 2009. 3% or Rp219. 30% or Rp2.retained as the dividend for fiscal year 2009.946.FOREWORD COMPANY PROFILE Agenda 3 : The use of Company Net Profit of Fiscal Year 2009 Decision on Agenda 3: 1.786. 149 BRI 2011 FINANCIAL STATEMENTS . 54% or Rp3. 2. MANAGEMENT DISCUSSION AND ANALYSIS Granting the authorization and power to the Board of Directors to set the schedule and procedure of dividend distribution of fiscal year 2009 according to prevailing regulations. b.497. 2.248. 13% or Rp950. Appointment of Public Accounting Office to audit Financial Report Fiscal Year 2010.16% from net profit of Fiscal Year 2009.for Community Development Program. Giving the authority and power to the Board of Commissioners to decide honorarium.498.879. benefits/facility including tantiem and post-tenure compensation for the Secretary of Board of Commissioners effective since the closing of the AGMS until such authority is revised or withdrawn by the AGMS.. Deciding to give tantiem for Board of Directors and Board of Commissioners for Fiscal Year 2009 of 1..477.

2. Honorably discharge Mr. CORPORATE SOCIAL RESPONSIBILITY The appointment of the members of the Board of Commissioners is effective since the closure of the meeting. The duties and responsibilities of the Board of Commissioners members will be carried out according to Article 12 point 17 of Company's Articles of Association. subsequent to successful Fit & Proper Test to comply with prevailing regulations. Appointing: 1. except for Mr. and Mr. Soedarjono as Vice President of Commissioner. BRI 2011 SUBSIDIARIES 6.COMPANY PROFILE FOREWORD Agenda 6: Transfer of authority to Board of Commissioners to add capitals in the form of MSOP as agreed in Company's AGSM. Honorably discharge Mr. . CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2. Adhyaksa Dault as Independent Commissioner. Sudaryanto Sudargo and Tuan Abdul Salam as the directors effective from the the closure of the meeting. The appointment of the members of the Board of Commissioners is effective since the closure of the meeting. Adhyaksa Dault that would be effective after Bank Indonesia's approval. 5. 3. Decision on Agenda 6: Approval on granting the authority and power to the Board of Commissioners to add paid-in capital in the form of Management Stock Option Plan (MSOP) as has been agreed in Extraordinary GSM on 3 October 2010 and its revisions. Soedarjono. 3. The tenure of the newly appointed Commissioners will be 5 years and would end at the closing of AGMS in the fifth year. Mrs. Mr. Achmad Baiquni as Director. Mr. Mr. including but not limited to enlist the structure of the Board of Commissioners and Board of Directors. 4. Agus Pakpahan as the Commissioner effective from the the closure of the meeting. 2. The company acknowledge with gratitude his contribution during his tenure as the Commissioner of the Company. Appointing: 1. Mr. Djarot Kusumayakti as Director. Djarot Kusumayakti that would be effective after Bank Indonesia's approval. Achmad Baiquni and Mr. Sofyan Basir as President Director. The company acknowledge with gratitude his contribution during his tenure as the director of the Company. except for Mr. subsequent to successful Fit & Proper Test to comply with prevailing regulations. Decision on Agenda 7: 1. 3. 4. Mr. Granting substitution right to the Board of Directors to take any actions related with the actions of the meeting according to prevailing regulations. Agenda 7: Changes in the structure of Company's Board of Directors and/or Board of Commissioners. Mr. Mr. Heru Lelono as Commissioner. Aviliani as Independent Commissioner. FINANCIAL STATEMENTS 150 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Heru Lelono. The tenure of the newly appointed Commissioners will be 5 years and would end at the closing of AGMS in the fifth year.

151 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Kompas and Bisnis Indonesia on 25 October 2010.508 shares or around 83. The steps in conducting EGMS were: • Submission of Extraordinary AGMS Agenda 2010 to Bapepam-LK on 15 October 2010. Agenda and Decision of Extraordinary AGMS 2010: Agenda 1: MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE Approval to acquire the shares of Dana Pensiun Perkebunan (Dapenbun) to at least 76% in PT Bank Agroniaga Tbk. • Call of EGMS was published in 2 (two) Indonesian daily newspapers. Decision on Agenda 1: 1. Kompas and Bisnis Indonesia on 9 November October 2010. according to Sales Agreement dated 19 August 2010 and prevailing rules and regulations. CORPORATE SOCIAL RESPONSIBILITY 2. BRI I Building 21st Floor and attended by shareholders owning 10.68 dated 29 December 2009 signed before Rusnaldy.023 or 88.78% therefore it is in accordance with quorum provision stated in Company’s Articles of Association and EGMS is valid and may produce an valid and binding decision.510. Approval to directly acquire 3. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Agenda 2: Approval to initiate stock split and revise Article 4 of Company's Article of Association on stock split. Approving Acquisition Plan and Deeds of Acquisition Draft.239. Granting substitution right to the Board of Directors of the Company to take any actions related with the actions of the meeting according to prevailing regulations.030. 3. SH.65% to total shares issued and fully paid of Bank Agro from Dapenbum as written in the Deed of Meeting Decisions of Bank Agro No.331. It includes the reduction and or addition of share ownership to at least 76% from total shares issued and fully paid in Bank Agro.FOREWORD COMPANY PROFILE Extraordinary General Meeting of Shareholders 2010 (EGMS) EGMS year 2010 was held in 24 November 2010 in Auditorium. • Announcement was made in 2 (dua) Indonesian daily newspapers. (Bank Agro) including Acquisition Plan and Deeds of Acquisition Draft. a Notary in Jakarta.

000. 59.000.COMPANY PROFILE FOREWORD Decision on Agenda 2: 1. Provisions of splitting of previous Series A Dwiwarna stocks to 2 shares with new value: a. announce and register such revisions of articles of association to the authorities as required by the regulations. 152 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.999.per share.. b.999 shares of Series B. Approval to split the stocks of Series A Dwiwarna and Series B from Rp500 per share to Rp250 per share or 1:2 ratio. 1 share of Series A Dwiwarna will be maintained as Series A Dwiwarna shares belongs to state of Republic of Indonesia at the value of Rp250.999..000. 1 share of Series A Dwiwarna will be changed into 1 share of Series B belongs to state of Republic of Indonesia at the value of Rp250.000. 3.00 comprising of: • • 1 Share of Series A Dwiwarna. MANAGEMENT DISCUSSION AND ANALYSIS Revision of Articles 4 point (1) of Company's Article of Association changing the Company's Authorized Capital from Rp15.000.per share. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY Granting the authority with substitution right to the Board of Directors to split the nominal value of the shares according to prevailing regulations. 1 Share of Series A Dwiwarna. Each share has a nominal value of Rp250. 2. including but not limited to set the schedule of the split and revise the articles of association in a separate deed before the notary.000.999.000.999. 29.00 comprising of: • • To Company authorized capital of Rp15. CORPORATE GOVERNANCE 4.000. .999 shares of Series B at Rp500 per each share.

The Number. 8/14/PBI/2006 regarding the Implementation of GCG for Commercial Bank stated that the bank should have Independent Commissioners comprised of at least 50% of the total members of the Board of Commissioners. 153 FINANCIAL STATEMENTS . 1 2 3 4 5. and Obligations of the Board of Commissioners 1.S. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE Composition of the Board of the Commissioners as of 1 January 2010 No. Composition and Criteria and Independency of the Member of the Board of Commissioners Bank Indonesia Regulation (PBI) No. this is not exceeding the number of Directors (10 directors). Kusmuljono Baridjussalam Hadi Aviliani Position President Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioners Independent Commissioners CORPORATE SOCIAL RESPONSIBILITY Composition of the Board of the Commissioners from 20 May 2010 to 31 December 2010 No. Authorities. 2. BRI 2011 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 1. the shareholders in the AGMS have agreed to appoint Independent Commissioners with the main responsibility to monitoring the bank and its subsidiaries operation as of 31 December 2010. To comply with that requirements and to support the GCG of the bank. The Board of Commissioners A. 5 6 Name Bunasor Sanim Agus Suprijanto Agus Pakpahan B. The Duties. 6 7.8/4/PBI/2006 as revised by PBI No. Name Bunasor Sanim Soedarjono *) Agus Suprijanto Heru Lelono *) Baridjussalam Hadi Aviliani Adhyaksa Dault **) Position President Commissioner Vice President of Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner SUBSIDIARIES * effective from 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia after conducting fit and proper test. 4.FOREWORD COMPANY PROFILE II. 3. There were 7 members of Board of Commissioners including 4 Independent Commissioners. Therefore the number and composition of the Board of Commissioners comply with prevailing regulation.

Committees established by the Board of Commissioners are: 1. b. and giving advice to the BOD including oversight on the implementation of the corporate plan. All members of the Board of Commissioners do not have financial and familial ties with other members of the Board of Commissioners and the Board of Directors. and may invite the Board of Directors if required. working time and meetings. the meeting of the Board of Commissioners is held at least once in a month or at any time if necessary. Bank’s business plan. request clarification from the Board of Directors and/or other executives on issues pertaining to the Bank. and secretary. CORPORATE GOVERNANCE The Duties and Authorities of the Board of Commissioners a. Company’s budget and work plan as well as other Company’s plans that are submitted by the Board of Directors in accordance with the Article of Association. The Board of Commissioners Guidelines among other things contains information on: working guidelines for the member of the commissioners. competence. The Board of Commissioners 154 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Board of Commissioners Guidelines. organizational structure. Risk Management Supervisory Committee The Board of Commissioners is responsible to provide an opinion and approval over the corporate plan. FINANCIAL STATEMENTS Frequency of the Board of Commissioners Meetings Pursuant to procedures stipulated in the Article of Association. Board of Commissioners Guidelines To perform its duties and responsibilities. CORPORATE SOCIAL RESPONSIBILITY c. Board of Commissioners always refer to the Articles of Associations. committees. in line with the interest of the Bank as well as its goals and objectives. 2. as well as oversight on rules under the Articles of Association. The Board of Commissioners is responsible for overseeing the policies and management in general. Nomination and Remuneration Committee 3. . whether of the Bank or of its businesses under the management of the Board of Directors (BOD). Other responsibilities include among other things is to propose at the General Meeting of Shareholders on the appointment of the Public Accounting Firm that will audit the Bank’s financial statement.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS All member of The Board of Commissioners have the integrity. Audit Committee 2. or Executive officers in any other banks with the exceptions as stated in PBI regarding GCG implementation in commercial bank. and other technical matters regarding the administration of the Board of Commissioners institution. the Board of Commissioners is authorized to. tasks and functions. In relation with the above duties. All members of the Board of the Commissioners do not hold concurrent position as Commissioner. resolution of the GMS and prevailing laws and regulations. Company’s budget and work plan. Director. Bank’s business plan. and to establish Committees to support the effectiveness of the Board of Commissioners’ duties and responsibilities. and excellent financial reputation backgrounds. Joints Decision Letters between Board of Commissioners and Board of Directors. BRI 2011 SUBSIDIARIES 3. among other things.

Realization of the Business Plan and The Bank’s Health Level at the Q2-2010. Feedback on the Board of Director Consultation with the Commissioners in Loan Approval. 5.59 100. The Board of Commissioners provides the following approvals and recommendations to the Board of Directors: a. g. Name Bunasor Sanim Soedarjono **) Agus Suprijanto Aviliani Baridjussalam Hadi Agus Pakpahan *) B.48 85. 7. Approval for the revised Annual Budget and Work Plan of 2010.S. j. i.FOREWORD COMPANY PROFILE meeting is legal and authorized to make any binding decisions if more than 50% of its members are present or represented in the meeting. *) Effective as Commissioner since 20 July 2010 upon obtaining approval from Bank Indonesia on fit and proper test.23 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE *) Effective of May 20th. Approval of the Board of Directors decree on Anti Money Laundering and Terrorism Funding Prevention. f. 6. b. Kusmuljono *) Heru Lelono **) Adhyaksa Dault **) Position President Commissioner/Independent Vice President Commissioner Commissioner Independent Commissioner Independent Commissioner Commissioner Independent Commissioner Commissioner Independent Commissioner Number of Meetings 27 13 27 27 27 13 13 13 13 Attendance 25 12 22 23 25 13 13 8 9 % 92. Realization of the Business Plan and The Bank’s Health Level at the Q4-2009.31 81. m. Approval of Bank’s Business Plan 2011-2013. l. 4. The decision of the meeting is made in consensus and it is legal and should be obliged by all members of the Board of Commissioners and will be made in consensus. Authorities. Follow Up on Bank Indonesia’s Audit Report n. 3. If the consensus is not reached. Supervisory Report of DPLK BRI Financial Report 2009. 2.54 69. Approval for funding to Related Parties.59 92.00 100.19 92. Members’ attendance in the Board of Commissioners Meetings 2010: No. 1. Approval of Bank’s Business Plan 2010-2012 along with its Revision. Supervisory Report on the Bank’s Business Plan Realization of Semester I-2010. c. Approval for the Annual Budget and Work Plan of 2011. h. 2010 is no longer member of the Board of Commissioners. Approval on Exceptions of the Board of Director Consultancy to the Board of Commissioners regards the Loan Facility to Subsidiary of State-Owned Companies. o. 155 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Supervisory Report on the Bank’s Business Plan Realization of Semester II-2009. Exit meeting results of BI Audit on loan Activities in Retail Segment as of June 2010. 9. 4.00 61. e. and Obligations of the Board of Commissioners: In 2010. d. k. it should base on the affirmative votes by more than a half of the valid voters in the related meeting. CORPORATE SOCIAL RESPONSIBILITY 4. Approval and Recommendation of the Board of Commissioners to the Board of Directors regarding The Duties.

CORPORATE GOVERNANCE u. . z. Committees of Commissioners the Board of 1. and prevailing rules and regulations. w. Approval on Liquidity Risk Management Policies of BRI. v. The proposal is based on according to the recommendation provided by Nomination and Remuneration Committee after considering market practice. Other facility and benefits for the member of the Board of Commissioners and the Board of Directors shall be decided by the Board of Commissioners pursuant to Articles of Association. Honorarium. ae. Decree of the Board of Commissioners about remuneration of the Board of Directors. y. 19 of 2003 dated 19 June 2003 regarding SOE and Committee Audit Charter. s. aa. Approval on Granting Money Market Line Facility to PT Bank BRI Syariah. Approval on Interim Dividend Payment. Approval to Written Statement of Founder regarding the Revision to BRI’s Pension Fund regulations. Recommendation on the extension of tenure for members of the Committee under the Board of Commissioners. and Tantiem of the Board of Commissioners and the Board of Directors to the Dwiwarna Series A shareholder to be approved by the GMS. SUBSIDIARIES ad. and Company performance. Honorarium. 117/M-MBU/2002. Recommendation and Advice regarding the follow up of meeting between the Board of Commissioners and the Board of Directors as well as Divisions. 8/14/ PBI/2006 concerning the Implementation of Corporate Governance for commercial bank. FINANCIAL STATEMENTS BRI 2011 Joint Letter of the Board of Commissioners and Board of Directors regarding Bank’s (GCG) Policy. ac. Nomination and Remuneration Committee review the policy annually. (BRC) Hong Kong. Feedback on Report of Internal Audit Results for Q1-2010. af. Approval on the Proposal and Acquisition Plan of PT Bank Agroniaga Tbk. ab. and Tantiem for the Members of Board of Commissioners and the Board of Directors is decided by GMS. r. AUDIT COMMITEE: The establishment of BRI Audite Commitee based on decree of the Head of BapepamLK No. is established to support the Board of Commissioners in its supervisory and 156 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 8/4/PBI/2006 as revised by PBI No. Approval on the Acquisition and Development of BRIngin Remittance Co Ltd. Principal Permit for the Appointment of Public Accountant Firm by BRI DPLK Monitoring Board. MANAGEMENT DISCUSSION AND ANALYSIS Procedure of Remuneration for Member of the Board of Commissioners Decision on Salary. Recommendation and Advice from the Board of Commissioners regarding the visit to several BRI outlet. Approval on the appointment of Director of Compliance. KEP-29/PM/2004. CORPORATE SOCIAL RESPONSIBILITY B. t. The Board of Commissioners formulates and stipulates other facilities and benefits for member of the Board of Commissioners and Board of Directors in a Remuneration Policy based on the recommendation form Nomination and Remuneration Committee. 5. x. PBI No. Approval on the Guidance of the Implementation of Know Your Customer Principles (P4MN) of DPLK BRI. the decree of Minister of SOE No. and Law No.COMPANY PROFILE FOREWORD p. The Board of Commissioners submits the proposal of Salary. q. Feedback on Memorandum on Audit Results and Company Performance up to April 2010. Audit Committee. the Board of Commissioners and the Board of the Secretary of the Board of Commissioners of the bank. Approval on the appointment of Public Accountant Firm for General Audit of Financial Report 2010. economic conditions.

Membership. Aviliani. law. and three non-Commissioners. University of Indonesia. The membership composition of audit committe from of 1 January 2010 . Yogyakarta (1986) and a master in management degree in finance and banking from University of Indonesia. IPB since 2007. accounting. and banking. members which have expertise in financial. 157 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . effectiveness of external and internal auditor’s audit. He has been member of the Audit Committee since October 2005. 50 years. a member who is also an Independent Commissioner. Profile of Audit Committee Members The profiles of Bunasor Sanim.30 June 2010 was: Name Aviliani Bunasor Sanim H. Royke Singgih Dedi Budiman Hakim Syahrir Nasution Position Chairman Member Member Member Member Proffesion Independent Commissioner President Commissioner/Independent Commissioner Non-Commissioner Non-Commissioner Non-Commissioner MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE Membership structure for periode of 01 July 2010 – 31 December 2010: CORPORATE SOCIAL RESPONSIBILITY Name Baridjussalam Hadi Bunasor Sanim Soedarjono *) H. H. The composition have met the requirements stated in the decree of the Head of Bapepam-LK No. Jakarta (2004). Baridjussalam Hadi.C. A certified public accountant. and compliance to prevailing rules and regulations. PT Pan Indonesia Bank. a member from the Commissioner.C. Kep-29/PM/2004 regarding The Establishment and Guidelines of Audit Committee. Structure. he previously served Bank IFI. internal control system. and Soedarjono are available in the Member of Commissioners’ profile. effectiveness of risk management. and currently is pursuing his Doctorate degree in business management at Bogor Agriculture University. Pre Doctoral Program. Jakarta and PT Krakatau Steel. Jakarta (2000). holding a Special Certification for Strategic Management Studies. Royke Singgih Dedi Budiman Hakim Syahrir Nasution Position Chairman Member Member Member Member Member Proffesion Independent Commissioner President Commissioner/Independent Commissioner Vice President of Commissioner Non-Commissioner Non-Commissioner Non-Commissioner *) effective since 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on conducting fit and proper test. Expertise and Independency of Audit Committee BRI’s Audit Committee consists of a chairperson who is an Independent Commissioner.C. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Cilegon. He earned a degree in accountancy from University of Gajah Mada.FOREWORD COMPANY PROFILE monitoring duties and functions to advice the Board of Directors on matters related with financial information. Royke Singgih – Indonesian citizen.

Royke Singgih Dedi Budiman Hakim BRI 2011 Syahrir Nasution *) effective since 1 Juli 2010 as Audit Committe Chairman. The Audit Committee undertakes the active oversight duties of the Board of Commissioners through regular meetings with the Internal Audit Unit. Consumer Banking. He has been member of the Audit Committee since 1 November 2008 A certified public accountant.C. Palmerston North. . Technology and Information System Division. Goettingen. He holds a degree in economics and accountancy from Institute of Finance. FRS Global and Supreme Audit Agency of Republic of Indonesia. a master of arts degree in agriculture social economics from Massey University. Public Accounting Firm of Ernst & Young. He has been member of the Audit Committee since 1 November 2005 Currently serving as a Faculty Member of the Bogor Agricultural University (IPB) and a Researcher at the Center for Applied Finance and Economics (interCAFE) IPB. He holds a degree in agronomics science from IPB (1988). and a doctorate in agriculture from GeorgAugust-Universitaet. a career auditor in State Agency for Development and Financial Control (BPKP) until 1990. The Audit Committee has convened meetings with the subordinates of management. Previously a career banker with BRI (1990-2008) in the fields of inspection and audit and prior to joining BRI.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Dedi Budiman Hakim – Indonesian citizen. Syahrir Nasution – Indonesian citizen. 57 years. Human Resources Management. ***) effective since 20 July 2010 as Commissioner after obtaining approval from Bank Indonesia on fit and proper test. FINANCIAL STATEMENTS 158 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The Audit Committee convened a total of 15 meetings in 2010. this committee through the Board of Commissioners required some subordinating managements to attend the meetings and to provide necessary relevant information especially in bank internal audit and risk management. Duties and Responsibilities of Audit Committee In 2010. Jakarta (1981). and Logistic. Risk Management. 45 tahun. includes Finance and Management Accounting Division. In conducting its meetings with the bank’s working units. **) Non-active from the membership of Audit Committee since 1 July 2010. Germany. Compliance. Frequency of the Audit Committee Meetings The meeting is attended by Financial and Management Accounting Division (AMK). with the following attendance records: Name Position Chairman Member Member Member Member Member Member Attendance (%) 100 100 100 100 100 100 100 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE SUBSIDIARIES Baridjussalam Hadi *) Bunasor Sanim Aviliani **) Soedarjono ***) H. New Zealand (1994). Internal Audit (AIN). duties and responsibilities in accordance with the Audit Committee Charter. Audit Committee undertook their functions.

Visit to Regional Audit Office of BRI Makassar. Discussion on the plan to implement PSAK 5055 with external auditor and FRS . Discussion on Audit Report and Fraud Report of Q1-2010. Discussion on Internal Control System in BRI MANAGEMENT DISCUSSION AND ANALYSIS 2. 7 April 2010 4-8 May 2010 11-14 October 2010 5. 2010 Tuesday. 02 February 2010 19 March 2010 6. 2010 20 December 2010 CORPORATE SOCIAL RESPONSIBILITY 4. Preparation of BRI Auditor as Strategic Business Partner for Risk-Based Audit Implementation. 159 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . External Auditor (KAP) Date 14 January 2010 19 January 2010 30 March 2010 27 September 2010 20 December 2010 Agenda General Audit Kick-Off Fiscal Year 2009.Global. Financial and Management Accounting Division 09 February 2010 09 March 2010 23 March 2010 Tuesday. May 25. Audit Committee visit to Regional Audit Office of BRI Bandung. Discussion on external auditor and Bank Indonesia audit report. The Supreme Audit Agency of Republic of Indonesia Friday.Global. Related Party/Working Unit 1. Discussion on Audit Report of Q2 and Q3 of 2010. August 24. Internal Audit 12 January 2010 11 May 2010 20 July 2010 21 December 2010 CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3. Preparation of general audit of 2009 Discussion on the draft of general audit result 2009 Preparation of general audit of 2010 Discussion on the implementation of PSAK 5055 together with the Financial and Management Accounting Division and FRS. Discussion on Public Accounting Firm (PAF) for Financial Year 2010 Discussion on PAF for Financial Year 2010. Discussion on Audit Report for Q4-2009 and Audit Planning of 2010. 2010 Presentation of the Audit Committee to the Board of Commissioners Discussion on The Result of Audit Report 2009. Inspection Office 5. Discussion on Audit Report of Q3-2009. Visit to Regional Audit Office of BRI Padang. June 25. Discussion on the plan to implement PSAK 5055. Audit Committee Review 15-16 January 2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Discussion on appointment of Public Accounting Office for Financial Year 2010. 6.FOREWORD COMPANY PROFILE The agendas of the Audit Committee meetings in 2010 were as follows: No.

19 year 2003 dated 19 June 2003 on State-Owned Enterprise. especially those related to the effectiveness and enhancement of the internal audit function. Hold discussions with external auditors. Hold discussions with other parties. 117/M-MBU/2002 dated 31 July 2002 concerning The Implementation of Good Corporate Governance in StateOwned Enterprise. 8/14/PBI/2006 concerning the Implementation of Corporate Governance for commercial bank. Regional/Branch Offices in an attempt to gather primary information on the problems of the respective working units. and responsibilities. Internal Activities a. Convene meetings with Internal Audit (IA) to discuss internal control system. c. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 160 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. either before or after the investigations regarding audit findings in the financial statements of the Bank. Convene meetings with the Finance and Management Accounting Division and other related divisions to discuss the Bank’s financial performance and other financial information. Risk Management Supervisory Committee and the Secretary of the Board of Commissioners to discuss important issues related to the effectiveness of the Board of Commissioners’ functions. PBI No. and visit several Regional Audit Offices. Evaluate and provide written reports to the Board of Commissioners on every meeting and assignment given to Audit Committee. . b. roles. External Activities a. NOMINATION AND REMUNERATION COMMITTEE (NRC) Establishment of Nomination and Remuneration Committee pursuant to decree of Minister of State-Owned Enterprise No. Convene regular (weekly) meetings with the Nomination and Remuneration Committee. 2. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2. e. evaluate the performance of the Internal Audit communication forum. Design Audit Committee’s work plan as per the Audit Committee Charter. f. b. Attend meetings concerning the formulation of BRI GCG guidelines. and the audit findings especially those which are deemed to have potential risks that could affect the business continuity of the Bank. d. such as those conducted by The Institute of Internal Auditor (IIA) Indonesia Chapter. 8/4/PBI/2006 as revised by PBI No. c.COMPANY PROFILE FOREWORD Audit Committee Work Plan The Audit Committee implemented its work plan in 2010 as follows: 1. and the Indonesian Audit Committee Association to increase competencies and capabilities of Audit Committee. and Law. the Nomination Committee and the Remuneration Committee is not separated. Participate in the seminars related to Audit Committee’s functions. No. In BRI.

Profile of NRC Members The profiles of Bunasor Sanim. Expertise. and MBA in banking from St. and Heru Lelono are available on the profile of the Board of Commissioners. Kusmuljono *) Aviliani Agus Pakpahan *) Randi Anto Kanyatama P. an executive officer i. Louis University. Membership structure for the periode from 01 Juli 2010 – 31 December 2010: Name Bunasor Sanim Aviliani Heru Lelono *) Randi Anto Kanyatama P. 37 years. consultant and lecturer at Management Institution of Economics Faculty in University of Indonesia (LM-FEUI). Semarang.S. Aviliani. He has been the member of the Nomination and Remuneration Committee since 2009. 49 years. She has been the member of the Nomination and Remuneration since November 2009. The composition of the Nomination and Remuneration Committee of 1 January 2010 30 June 2010 were: Name B. a member (Commissioner). She was previously the Auditor of Haga Bank and KPMG Public Accountant Firm. Obtained his bachelor’s degree in business economics from Diponegoro University. Started his career in BRI in 1985 in different positions. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Mulyono – Indonesian citizen. and currently holds the position of BRI’s Head of Human Resources Division. and Independency of NRC Members Committee of Nomination and Remuneration BRI consists of a Chairperson (Independent Commissioner).e Head of Human Resources Division. Mulyono Asep Ikhsan Iskandar Position Chairman Member Member Member Member Member Profession Independent Commissioner Independent Commissioner Commissioner Non-Commissioner / Executive Officer Non-Commissioner Non-Commissioner MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE *) Non-active from the membership of Board of Commissioner since 20 May 2010. Membership. Mulyono Asep Ikhsan Iskandar Position Chairman Member Member Member Member Member Profession President Commissioner/Independent Commissioner Independent Commissioner Commissioner Non Commissioner/Executive Officer Non-Commissioner Non-Commissioner CORPORATE SOCIAL RESPONSIBILITY *) effective as of 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on fit and proper test. in 1984.FOREWORD COMPANY PROFILE Structure. Kanyatama P. and two non-commissioners with vast knowledge in remuneration and/or nomination and Bank’s succession plan. USA (1994). Randi Anto – Indonesian citizen. 161 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .

8.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS She earned her bachelor’s degree in economics from University of Indonesia in 1996. the Board of Directors and BRI employees. the Nomination and Remuneration Committee is a committee that has been formed by the Board of Commissioners in order to support the effectiveness of the Board of Commissioners’ duties and responsibilities. Analyze the information of executives one level below that of the Board of Directors submitted quarterly by the Board of Directors and on each change occurring. Asep Ikhsan Iskandar – Indonesian citizen. Recommend the number of members of the Boards of Commissioners and the Board of Directors. 6. Recommend candidates for Commissioners and/or Directors to the Board of Commissioners. 2. 4. A. BRI 2011 162 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The Nomination Function 1. 38 tahun. He earned his bachelor’s degree in economics accounting from University of Pasundan. CORPORATE GOVERNANCE Duties and Responsibilities of NRC Based on the Charter of the Nomination and Remuneration Committee on 21 June 2007. 2. especially those related to nomination and remuneration policies. Monitor the execution and analyze the criteria and procedures of selection for officers one level below that of the Board of Directors. Remuneration Function 1. Evaluate prevailing remuneration policies for the Board of Commissioners. Analyze. compose and give recommendations concerning the system and procedures of election and/or replacement of members of the Boards of Commissioners and the Board of Directors to the Board of Commissioners. and currently holds the position as staff in BRI’s Human Resources Division. Overall remunerative policies for the BRI’s executive officers and employees to be submitted to the Board of Directors. Compose performance evaluation system of the Boards of Commissioners and the Board of Directors. b. Give opinion or advice to the Board of Directors on the transfer and/or appointment decisions on hiring professionals to become officers one level below that of the Board of Directors. 7. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY FINANCIAL STATEMENTS B. 3. Bandung in 1996. Recommend to the Board of Commissioners concerning Independent Parties that will be members of the Audit Committee or the Risk Management Supervisory Committee. . Began his career in 1998 in different positions. Remunerative policies for the Board of Commissioners and the Board of Directors. Enlisted in the Nomination and Remuneration membership effective since November 2009. 5. Recommend to the Board of Commissioners the following: a. and master of science in industrial and organizational psychology from the University of Indonesia in 2004.

163 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Frequency of NRC Meetings The directors’ attendance at the NRC meetings in 2010 were as follows: CORPORATE GOVERNANCE CORPORATE GOVERNANCE Name Bunasor Sanim *) Aviliani B. 2. such as stock option. 4. Administer documents related to the duties and responsibilities of the Committee. Kusmuljono **) Agus Pakpahan **) Heru Lelono ***) Randi Anto Kanyatama P. Other Functions 1. Recommend the granting of options to the Board of Commissioners.FOREWORD COMPANY PROFILE 3.S. MANAGEMENT DISCUSSION AND ANALYSIS C. Evaluate and provide recommendations to the Board of Commissioners on employment policies and other functions in HR management that may have a significant impact on financial and/or legal risks to BRI. *) Non-active from the membership of Board of Commissioner since 20 May 2010. 5. ***) effective since 20 July 2010 as Commissioner after obtaining approval from Bank Indonesia on fit and proper test. 3. the Board of Directors and the employees of BRI. Recommend the pension plan for BRI employees. Mulyono Asep Ikhsan Iskandar Position Chairman Member Member Member Member Member Member Member Attendance (%) 100 100 100 80 100 80 100 100 CORPORATE SOCIAL RESPONSIBILITY *) effective since 1 Juli 2010 as the member of Nomination and Remuneration Committee. specifically for policies in HR management. Provide recommendations to resolve internal and/or external audit findings and the results of Bank Indonesia monitoring activities. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Recommend the system of compensation and other benefits in the matter of employee downsizing in BRI.

Meeting Agenda and Activities related with Director Nomination: No Time Meeting Agenda and NRC Activities Preparation meeting for AGMS 2010 regarding Director nomination: • 1 22 January 2010 • • the Board of Commissioners will evaluate the Board of Directors based on quantitative and qualitative indicators. dated 27 April 2009. . and networking. PER-02/MBU/2009. business capability. discussing the data processing of candidates related to nomination policy and other special criteria. Market practice. The Board of Directors succession in AGMS 2010. leadership. i. particularly on the preparation of the selection process of Directors: • • Setting up the criteria for the candidate. 6 16 February 2010 b.e: turning vision into policy. MANAGEMENT DISCUSSION AND ANALYSIS 2 26 January 2010 Follow up the meeting on 22 January 2010. Meeting Agenda and Activities Related with Remuneration of the Board of Commissioners and Board of Directors. FINANCIAL STATEMENTS 164 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 4 05 & 09 February 2010 CORPORATE SOCIAL RESPONSIBILITY 5 11 February 2010 Interview process for director candidates from internal BRI. Drafting the report to Minister of SOE (Dwiwarna Series A Shareholders): • • Quantitative and qualitative evaluation of the Board of Directors. business capability. Company Achievement in 2008 and 2009 No SUBSIDIARIES 1 2 BRI 2011 Report to the Minister of SOE (Dwiwarna Series A Shareholders) regarding the Tantiem and Salary/Honorarium of the Management proposal to be decided in AGMS 2010.COMPANY PROFILE FOREWORD Activities conducted by Nomination and Remuneration Committee in 2010 were as follow: a. Schedule the nomination process. Compile and submit the report on the implementation of AGMS 2010 to the Minister of State-Owned Enterprise. Completion of Report to the Minister of SOE (Dwiwarna Series A Shareholders) concerning the Board of Directors' assessment and recommendations of Director candidates selected by the Board of Commissioners for AGSM 2010. in reference to: • • • 3 22 April 2010 Minister of SOE Regulation No. economic condition. Time 06 April 2010 13 April 2010 Meeting Agenda and NRC Activities Discussion on Tantiem and Salary/Honorarium of the Management between NRC and Board of Commissioners. CORPORATE GOVERNANCE 3 2 February 2010 Follow up the meeting on 26 January 2010. with the criteria of: turning vision into policy. The Board of Directors election process in AGMS 2010. and prevailing rules and regulations. leadership. and networking.

Human Resources development in relation with of BRI's strategic business is not focused on business expansion but to improve low cost of fund therefore creating excellent performance to achieve excellent welfare. structure. style. the dissemination efforts in BRI must be focused on the system and leadership style to ensure that it can be absorbed as part of their daily operations. Education. Following the Concept of 7S from Mc Kinsey (shared values. Sustainable and intense dissemination of strategy and policy. the company introduces the policy of providing incentives and salary increase for outsourcing employees based on their service year. and Development (Career and Profession). and Rotation) in relation with new outlet expansion: Activities in human resources management of BRI are channeled in a one gate policy from Recruitment. To maintain the balance of employees. staffs and skills). as stated in BRI Human Resources architecture. and customers. strategy. punishment. Promotion. therefore this role is important in managing its staffs. Education and Training Programs via Training Needs Assessment is expected to provide information on development of individuals or the Company as a whole. surrounding environment. Education. The manager of working unit is a leader or the "CEO" of working unit. 165 BRI 2011 FINANCIAL STATEMENTS . This dissemination efforts requires supports from second layer to enable acceleration and the expected results can be reflected in the employees conduct. MANAGEMENT DISCUSSION AND ANALYSIS • • CORPORATE GOVERNANCE CORPORATE GOVERNANCE • • CORPORATE SOCIAL RESPONSIBILITY • • 2 11 August 2010 Recommendation from NRC to the Board of Commissioners in relation of the meeting: • • Appreciation for the Board of Directors for their dissemination efforts like video conference and tour to all outlet. and Exit Policy program for non-productive employee. Meeting Agenda and NRC Activities related with HRD: No 1 Time 28 July 2010 Meeting Agenda and NRC Activities The Board of Commissioners meeting inviting the Board of Directors to explain Human Resources Development Program (Recruitment. and opportunity to be selected as permanent employee for high performers. Human Resources is a very strategic factor as banking industry itself drives human resources. SUBSIDIARIES • • ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. enabling the unit work leaders to drive its team to support the company's strategy and policy. system.FOREWORD COMPANY PROFILE c. Training.

Secretary of the Board of Commissioners. 12. Risk Management Audit Commitee. With the Board of Commissioners. evaluate President Director and all Directors using quantitative method (achievement of financial performance) and qualitative (includes business. FINANCIAL STATEMENTS BRI 2011 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 166 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. NRC involved in the following activities: 1.03-KOM/ KNR/04/2010 dated 9 April 2010. Give recommendation to Board of Commissioners and select the candidates for Risk Management Supervisory Committee member. Together with Audit Committee. and the Board of Directors and the Board of Commissioner meeting.COMPANY PROFILE FOREWORD SUBSIDIARIES Nomination and Remuneration Committee’s Work Plan In 2010. and prevailing rules and regulations. Perform other duties assigned the Board of Commissioners. Education and Training for new outlet. Letter of NRC No. 10. 13. and result of selection process for Director candidate from internal. Provide inputs and recommendations to the Board of Commissioners pursuant to Articles of Association and other regulations. . 7. 11.R. Conduct a meeting with other committees to prepare the meeting materials for the Board of Commissioners. 2. to obtain their approval on the appointment of Compliance Director. The results will be further discussed in Board of Commissioners internal meeting. 8. Recommend the extension of service for member of Committee under the Board of Commissioner. 2. current economic conditions. Recommendations and inputs regarding tantiem and salary/honorarium of Directors and Commissioners according to market practice. 4. With the Board of Commissioners. 3. 9. and prevailing rules and regulations to be approved by Board of Commissioners for further approval by the Dwiwarna Series A shareholder. Review the tantiem and salary/honorarium of Directors and Commissioners according to market practice. 15. Commissioners and the Secretary of the Board of Commissioners. 14. 6. Give feedback and inputs regarding the meeting result of the Board of Commissioners and the Board of Directors related with the HRD Policies. Field visit to BRI outlet with member of the Board of Commissioner and other committees. In 2010 NRC provides the following recommendations to the Board of Commissioners: 1. leadership. Formulate and suggest the revision of the Decree of the Board of Commissioners about Remuneration for Directors. Recommendations and inputs on Directors evaluation. 5. Give inputs and recommendation on employees remuneration policy in general. and Staff of Secretary of the Board of Commissioners help the Board of Commissioners in evaluating the company budget and busines plan and the overall performance of BRI. selects the candidates for Directors from internal BRI in accordent with the nomination policy of the Board of Commissioner’s and Board of Directors. Give inputs and recommendations to the Board of Commissioners on approving the Written Statement of Founder related to the revision of BRI’s Pension Fund regulations. industrial relations and synergy with the Board of Directors). current economic conditions. Give feedback and inputs on the formation of Level 1 officers to the Board of Commissioners.

Letter of NRC: No.R. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 4. 5. Membership structure for the periode of 1 January 2010 – 30 June 2010 Name Baridjussalam Hadi Agus Suprijanto Ridwan Darmawan Ayub Pamuji Gesang Raharjo *) Position Chairman Member Member Member Profession Independent Commissioner Commissioner Non-Commissioner Non-Commissioner CORPORATE SOCIAL RESPONSIBILITY *) concluded his work contract as RMSC member as of 14 May 2010. 167 FINANCIAL STATEMENTS . dated 19 July 2010. Recommendation on Board of Commissioner’s approval to Written Statement of Founder to Revise BRI Pension Fund. dated 11 August 2010. Promotion. **) As of 1 July 2010 has served as RMSC member. 6. Recommendation on the extension of service for members of Committe under the Board of Commissioners. Expertise and Independency of RMSC Member BRI’s RMSC consists of a chairperson who is an Independent Commissioner. Recommendation for the appointment of Compliance Director. Recommendation on the list of Level 1 Officers.B. Recommendation in reviewing BRI Employee Remunerations in general.B.10–KNR/09/2010. Training.FOREWORD COMPANY PROFILE 3.07-KNR/12/2010. Letter of NRC No. who have expertice in financial and risk management. dated 22 December 2010. 8. MANAGEMENT DISCUSSION AND ANALYSIS 7. dated 22 December 2010. Letter of NRC No. Membership.B. dated 22 June 2010.05–KNR/06/2010. Structure. two members of an Independent Commissioner and Commissioner. RISK MANAGEMENT SUPERVISORY COMMITEE (RMSC) Establishment of Risk Management Supervisory Committee pursuant to the decree of Minister of State-Owned Enterprise No. Letter of NRC : No. and two non-Commissioners. Education.B. Membership structure for the periode of 1 July 2010 – 31 December 2010 Name Aviliani Adhyaksa Dault *) Agus Suprijanto Ridwan Darmawan Ayub I Gde Yadnya Kusuma **) Position Chairman Member Member Member Member Profession Independent Commissioner Independent Commissioner Commissioner Non-Commissioner Non-Commissioner SUBSIDIARIES BRI 2011 *) effective since 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on conducting fit and proper test.R.03-KNR/07/2010.08-KNR/12/2010. 117/M-MBU/2002 regarding the GCG implementation in SOE.05-KNR/08/2010 dated 11 August 2010. Letter of NRC: No. CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3. and Rotation) in relation with new outlet expansion. Letter of NRC No. Recommendation on the result of Board of Commissioners meeting with Board of Directors regarding Human Resources Development Program (Recruitment.

RMSC helps Board of Commissioners in its duties and responsibilities to evaluate and ensure the bank’s risk management implementation meets the procedural requirements and risk management method. He has been the member of Risk Management Supervisory Committee since July 2010. He holds a bachelor’s degree in Economics from Sekolah Tinggi Ilmu Ekonomi Swadaya (1993) and a master of Economics from the University of Indonesia. Regularly evaluate and review the risk management policies and give opinions in the forms of suggestions and/ or recommendations to the Board of Commissioners concerning the necessary improvement of risk management. Previously had careers at BNI 46. Review and analyze quarterly risk profile of the Bank and provide opinions in the form of suggestion and or recommendation for necessary improvement and completion of risk management. measurement. the tasks and responsibility of RMSC covers the following: 1. 7. 2. Evaluate and analyze the suggestion packages of the Board of Directors for proposal from related parties that must be approved by the Board of Commissioners. the risk management implementation is discussed both in RMSC meetings and the Board of Commissioners meeting. Jakarta (2008). Ridwan Darmawan Ayub – Indonesian citizen. 8. Monitor the adequacy of the process of identification.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Profile of RMSC Members The profiles of Aviliani. Review and evaluate the reports of the Board of the Directors in their implementation on risk management quarterly at the least. He has been the member of Risk Management Supervisory Committee from 2007-2010. He holds a bachelor’s degree in social and political science from the Parahyangan Catholic University. Evaluate and/or provide feedback on the reports of the realization of the Bank’s annual budget. Bandung (1985) and an master of management degree in finance from Mercu Buana University. He has been the member of Risk Management Supervisory Committee since 2006. monitoring. 6. Perform others duties given by the Board of Commissioners. 9. I Gde Yadnya Kusuma – Indonesian citizen. 4. Evaluate the monitoring result on Bank’s compliance towards the BI regulations and other prevailing regulations. corporate plan for Board of Commissioners approval. 56 years. Jakarta (2006). Pamuji Gesang Raharjo – Indonesian citizen. Previously. This will ensure that bank’s activities are within manageable and acceptable level and within profitable limits. business plan and corporate plan. Evaluate and analyze loan package above a certain amount that requires consultation with the Board of Commissioners. 168 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 5. He holds a bachelor’s degree in Economics from Prof. business plan. In general. controlling and risk management information system. and Agus Suprijanto is available on the profile of the board of Commissioners. he had his career at Bank International Indonesia in various positions. and Bank International Indonesia in various positions. 10. Previously. Jakarta (1996) and a master of management in Risk Management from the University of Indonesia. Evaluate and review annual budget. Moestopo University. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE FINANCIAL STATEMENTS Duties and Responsibility of RMSC According to Risk Management Supervisory Committee Charter. . 47 years. BRI 2011 Frequency of RMSC Meetings Considering the scope and interrelatedness of the risk type. 3. he had his career at Bank Indonesia in various positions and in Indonesian Financial Transaction Reports and Analysis Center (PPATK) as Director of Research and Analysis. Bank Danahutama. Jakarta (2003). Dr. 42 year. Adhyaksa Dault.

*) No longer member RMSC as of 1 July 2010. 1. The meetings and activities of RMSC in 2010 were as follows: No. Risk Management Division Treasury Division 31 August 2010 30 September 2010 Risk Profile Reports of semester I-2010 Realization of work plan for of semester I-2010 CORPORATE SOCIAL RESPONSIBILITY Market and Liquidity Risks Management Loan Facility for PT. i. RSMC hold both internal and joint meetings with related Division/ Working Units to evaluate the application and management of risk. Risk Management Division 19 July 2010 3.e. 169 BRI 2011 FINANCIAL STATEMENTS . Related Party / Working Unit Compliance Division Date 17 February 2010 Agenda Policy on Anti Money Laundering and Terrorism Funding Prevention Programs 2. ****) No longer RMSC member as of 14 May 2010. and Reputation risk as stipulated in prevailing Bank of Indonesia regulation. ****) effective since 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia on fit and proper test. Bima Agri Sawit Operational Development of International Division and the Progress of Trade Finance System across Working Units and division Director of Commercial Business Treasury Division Risk Management Division International Business Division SUBSIDIARIES 5 - 2 November 2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The members’ attendance at the RMSC meetings in 2010 were as follows: Name Aviliani *) Baridjussalam Hadi **) Adhyaksa Dault ***) Agus Suprijanto Ridwan Darmawan Ayub Pamuji Gesang Raharjo ****) I Gde Yadnya Kusuma ****) Position Chairman Member Member Member Member Member Member Attendance (%) 100 100 67 80 100 100 100 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE *) effective since 1 July 2010 as member of RMSC. 4. Operational Risk. Liquidity risk.FOREWORD COMPANY PROFILE In 2010. Market Risk.

Branch Offices. assist the Board of Commissioners to review the proposal of BRI budget and work plan for 2010. 10. RMSC involved in the following events: 1. Review the Liquidity Risk Management Policies of BRI. 8. to monitor and evaluate implementation of Loan Approval System and risk management. Accompany the Board of Commissioners in field visits to several Regional Offices. Compose the 2010 work plan. 11. and Micro Outlets. Evaluate the Loan Portfolio Report. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 170 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 6. 4. Review the quarterly report on the risk profile of BRI. Together with Audit Committee. 3. and the Secretary of the Board of Commissioners. 5. 7. 12. . Review BRI monthly performance and give inputs to the Board of Commissioners in their regular meetings with the Board of Directors.COMPANY PROFILE FOREWORD RMSC Work Plan In 2010. 13. Provide the feedback on loan facilities which consultation process going through the Board of Commissioners. Evaluate the Board of Directors policies related to implementation of risk management including Risk Management Committee procedures. 9. the NRC. Evaluate the implementation of loan Consultation related with loan facilities that requires the Board of Directors’ consultation with the Board of Commissioners. Review the Decree on Anti Money Laundering and Terrorism Funding Prevention. Perform other duties as requested by the Board of Commissioners. 2. Review the monthly and semester report of the Director of Compliance.

prevailing laws and regulations. COMPOSITION. DIRECTORS A. The Board of Directors is led by a President Director who is independent to the controlling shareholders. ownership and the binding with other parties by complying with the Articles of Association. Duties and Responsibilities of the Board of Directors 1. Name Sofyan Basir Sarwono Sudarto Bambang Soepeno Sulaiman Arif Arianto Achmad Baiquni A.FOREWORD COMPANY PROFILE III. a. Small and Medium Enterprise (MSME) Business Director of Institutional and State-Owned Enterprise Business Director of Network and Services Position MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY DUTIES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS a. The members of the Board of Directors do not hold concurrent position as commissioner. as well as General Meeting of Shareholders resolutions. and do not have familial ties with any other member of the Board of Directors and/or the Board of Commissioners.2. Being responsible to ensure that the Bank’s management is in accordance with the Bank’s objective. THE NUMBER. to manage the Company according to duties and responsibilities as stipulated in the Article of Association and General Meeting of Shareholders resolutions. All BRI directors are domiciled in Indonesia. objectives and business activities. Being responsible for all actions related to the management of the Bank in accordance with the purposes. each of whom has at least 5 (five) years of experience in banking operations as bank executive. Toni Soetirto Lenny Sugihat Djarot Kusumayakti Asmawi Syam Suprajarto President Director Director of Operations Director of Compliance/Director of Risk Management Director of Commercial Business Director of Finance Director of Consumer Business Director of Credit Risk Management Director of Micro. The Composition of the Board of Directors as of 31 December 2010: No 1 2 3 4 5 6 7 8 9 10 2. They have adequate competency and integrity in accordance with fit and proper test requirements. and the management. CRITERIA AND INDEPENDENCY OF THE MEMBER OF THE BOARD OF DIRECTORS The Board of Directors consists of 10 (ten) members. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.1. 171 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . director or executive officer in any other bank or financial institution. General Responsibilities a.

annual budget.1.3.1. b. b. Composing an accounting system that matches the Accounting Standard of Indonesia and the principles of internal control. monitoring and management.2.6. Making work plans. 2.3.1.1. Ensuring that the Bank has the proper and systematic processes in identifying. b. Submitting an annual report after reviewed by the Board of Commissioners within 5 (five) months. at the latest. . b. Duties and responsibilities in relation with Financial Accounting and Annual Report.3. Maintaining the bookkeeping and administration of the Bank in accordance with generally accepted practices. financial reporting and the compliance. b.3. Maintaining the following processes of Risk Management: 1. measuring. Ensuring that proper system and processes have been executed in monitoring and reporting the main risks faced by the Bank. Duties and responsibilities in relation with the Board of Commissioners and Shareholders b. b.1.2. b.1.2.7. b. after the fiscal year ended to the AGMS for approval. b. especially in terms of recording. Consulting the granting of loan above a certain amount to the Board of Commissioners with reference to prevailing regulations. and annual Company’s budget and work plan (RKAP) and other work plans and the changes to obtain approval from the Board of Commissioners. Ensuring the implementation of the AGMS resolutions.2. and controlling the risks. b. and other plans related to the business of the Bank and getting the approval from the Board of Commissioners. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 172 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Specific Responsibilities b.2.5.COMPANY PROFILE FOREWORD b. b. Duties and responsibilities in relation with Risk Management and Control b. Bank’s business plan (RBB).1.4. Administering the list of shareholders and the special list containing the ownership of shares in the hands of the members of the Boards of Commissioners and the Board of Directors and their families both in the Bank and in other companies. The Board of Directors is obligated to hold AGMS based on the written request of one or more Shareholders who have valid voting rights and who represent at the very least 1/10 (one tenth) of the number of shares issued. Monitoring and evaluating the existence of good management processes in assessing the adequacy of the risk management system and the internal control.3.1. archiving.1.2. Preparing Annual Report.3. including Financial Statement. 3. Preparing the corporate plan (RJPP).

4.5. plans. The reliability and integrity of information.5. The compliance with the prevailing policies.3.5. b. President Director: Representing the Bank in coordinating and monitoring. Creating clear organizational. Executing annual evaluations for making public statements concerning internal control at the Bank. b. d. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.5. The economical and efficient use of resources. Ensure that the Bank complies with the Regulations of Bank Indonesia and with the prevailing rules and regulations through prudential principles examination toward policy plan and/or the decision of the Board of Directors. duty and responsibility structures. 173 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . e. BRI GCG management. to ensure that all significant aspects of internal control have been considered for the evaluation year up to the date of the approval of the annual report. b.4. b. Members of the Board of Directors: b. including the appointment of the management. monitoring the follow up over the examination result. b. reviewing the policies. The delegation of the duties and authorities of each member of the Board of Directors is determined by the AGMS and such duties and authorities may be delegated to the Board of Directors. b.1. as well as acting as the Head of the Board of Directors. Submitting reports as regulated in Bank Indonesia Regulation No. 4. analysis of the impact on external regulations.FOREWORD COMPANY PROFILE Ensuring the adequacy of an effective control system in order to ensure: a. rules and regulations. b. 5.2. monitoring of the fulfillment of the agreement and commitment to BI and relevant authorities as well as monitoring the implementation of Anti-Money Laundering Program and the Prevention of Terrorism Funding. c. 2. 1/6/PBI/1999 dated 20 September 1999 concerning the Appointment of the Compliance Director and the Implementation of the Standards for the Execution of the Internal Audit Function of Commercial Banks.2. Developing the work plans for each field of responsibility and each directorate led by each Director. The achievement of the determined operational objectives and targets. Coordinating and monitoring each allocation of responsibility and working units.6.5. No. Taking all necessary steps to ensure decisions taken by the Board of Directors are in line with the prevailing rules and regulations. The maintenance of the assets of the Bank. communicate the external regulations. procedures. Director of Compliance The main responsibilities of Director of Compliance are: 1.3. b.

The Capital Investment Plan in Bank BRI Syariah Anticipation of March 2010 Performance 1 Subdebt 2. Frequency of the Board of Directors Meetings The Board of Directors regularly hold internal meetings to discuss issues that require the Board of Directors consideration and to discuss other strategic plans. Annual General Meeting of Shareholders 2010 4. Corporate Action 11 16 August 2010 2 Preparation of BRI service during Ied Mubarak 3 Activities during Ramadhan and Ied Mubarak 4 Miscellaneous 12 24 August 2010 Preparatiuon of fasting break with the orphans. The Acquisition Plan of Bank Bukopin 3. Stock Split 14 15 02 November 2010 09 November 2010 1 Budget and Work Plan 2011 2. PSAK 50 & 55 1. The Acquisition Plan of Bank Agro Niaga 2. Follow up of Pribun Certificate case in Rangkasbitung Branch Office 2. NO 1 2 3 4 5 6 DATE 11 January 2010 19 January 2010 25 January 2010 27 January 2010 24 February 2010 22 March 2010 AGENDA Financial Performance of December 2009 Basel II Reorganization The issue of possible misconduct by one of branch manager. Capital Investment in BRI Syariah 7 29 March 2010 3. Budget and Work Plan 2011 2. . Approval on Bank Agroniaga Acquisition Plan 3. attended by the President of Republic of Indonesia 1. Preparation of BRI service during 2010 Ied Mubarak 2. Discussion on a case in one of Branch Offices 1. Procurement of AS400 Machine: Power 7 for IT Building and Procurement of Stratus C1225 8 9 10 25 May 2010 3 June 2010 23 July 2010 1.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Other Duties Other duties and responsibilities are as stated in the Articles of Association of the Bank. Several Robbery Case in BRI Unit Revision of Company Budget and Work Plan 2010 Allocation of Board of Directors duties 1. Stock Split SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 13 September 2010 FINANCIAL STATEMENTS BRI 2011 174 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

RMC is not structural included in the structure and independent from the Operational Working Units. COMMITTEES OF THE BOARD OF DIRECTORS In order to support the effectiveness of Directors’ duties and responsibilities. *) **) CORPORATE GOVERNANCE CORPORATE GOVERNANCE Name Sofyan Basir Sarwono Sudarto Sulaiman A. Loan loss provision (PPAP) proposal and additional ceiling related with disaster area in 2010 Proposal of additional provition for bad loan write-off in 2010 17 18 27 December 2010 30 December 2010 The directors’ attendance at the Board of the Directors meetings in 2010 were as follows: No. several committees under the Directors were established. 12. 1. Effective since 20 July 2010 as Director upon obtaining approval from Bank Indonesia on fit and proper test. 1. 175 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Arianto A. 8. 11. 2.78 88. B. a. 2010 is no longer member of the BRI Board of Directors. Toni Soetirto Lenny Sugihat Asmawi Syam Suprajarto Bambang Soepeno Abdul Salam *) Sudaryanto Sudargo *) Achmad Baiquni **) Djarot Kusumayakti **) Number of Meetings 18 18 18 18 18 18 18 18 5 5 13 13 Attendance 14 18 14 14 16 15 13 15 4 5 10 10 % 77. 9.FOREWORD COMPANY PROFILE NO DATE AGENDA 1.00 100. Identification of BPK audit findings 3.92 76. RMC is comprised of all members of the Board of Director and the officers of one level below the Director.33 80. Rights and responsibility of Booking Office related to the loan initiated by Head Office and Regional Office.78 77. Structure and Membership of RMC Chairman : President Director ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.78 100.33 72. Risk Management Committee (RMC) RMC is the highest committee in the risk management system in BRI. 4 5 6.00 76.22 83.89 83. 3. Review of Regional Operation Manager position and E-Channel Department in the Regional Office MANAGEMENT DISCUSSION AND ANALYSIS 16 30 November 2010 2. 7.92 CORPORATE SOCIAL RESPONSIBILITY Effective of May 20th. 10.00 77.

Operation Risk Management Committee (ORMC) established to discuss problems in connection with exposure and management of operational risk. legal risk. the operational risks include operational risk. Director of Institutional and State-Owned Enterprise Business 7. Permanent member with the voting right is RMC members who have the voting rights when the decision of an issue is not unanimous. Regional Managers of Jakarta 1. In this instance. and 3 4. strategic risk. Manager of Special Branch Office In regards of risk management.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Chairperson I : Compliance Director (also serves as permanent member with voting right) Chairperson II: Credit Risk Control Director (also serves as permanent member with voting right) Secretary I : Head of Risk Management Division (also serves as permanent member without voting right) Secretary II: Head of Credit Administration Division (also serves as permanent member without voting right) Member of RMC consists of permanent member. All Division Heads in the Head Office 3. Director of Consumer Business 5. Head of Internal Audit 2. and non-permanent member. RMC has appointed sub-RMC to provide recommendtion to the Board of Directors. Director of Network and Services Permanent members without voting rights are the appointed officers below the Director level. Director of Commercial Business 4. in this case is the President Director. namely: 1. Director of Operations 3. 2. Director of Micro Small Medium Enterprise Business 6. while non-permanent members are included based on invitation only according the relevant issues at hand. Permanent members with voting rights are: 1. and compliance risk. and will render a necessary vote. . Director of Finance 2. reputation risk. with or without voting right. Structure and Membership of RMC Chairperson I : Director of Compliance FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 176 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. These Sub-RMCs are: 1. Permanent members without voting rights are the appointed officers one level below the Director’s rank.

Head of Commercial Business Division 3. Head of Human Resources Management Division 3. and liquidity risk. Head of Consumer Loans Division 8. Head of Credit Card Division 9. Head of Legal Division 4. Head of Technology and Information System Division 2. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.FOREWORD COMPANY PROFILE Chairperson II : Director of Operations Secretary I : Head of Risk Management Division (who serves as member) Permanent member: 1. Head of Company Secretariat Division 5. Market risks includes exchange rate risk. Head of Agribusiness Division 6. Head of Loans Restructuring and Recovery Division For non permanent member. Head of International Business Division 4. Credit Risk Management Committee (CRMC) is a Sub-RMC function established to discuss problems relate to exposure and management of credit risk. 2. interest rate risk. Head of Retail and Medium Business Division 7. Head of State-Owned Enterprise Business Division 10. Head of Strategic Planning and Business Development Division 6. 177 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Head of Micro Business Division 2. Head of Compliance Division For non permanent member. they are invited on case by case basis. Head of Program Business Division 5. Market Risk Management Committee (MRMC) is a Sub-RMC function established to discuss problems in connection with exposure and management of market risk. Structure and Membership of CRMC Chairperson I : Director of Compliance Chairperson II : Director of Credit Risk Management Secretary I : Head of Risk Management Division (who serves as member) Secretary II: Head of Credit Administration Division (who serves as member) Permanent member comprise of: 1. they are invited on case-by-case basis. 3.

including setting the limits which overrides the authority of the Head of the Working Units. h. ORMC. Evaluate overall risk composition in the portfolio of bank. . and the formulation of contingency plans for abnormal conditions (worst case). Duties and Responsibilities of RMC a. they are invited on case by case basis. Head of Financial and Management Accounting Division 3. Head of International Business Division 2. Recomend its study to the President Director for approval. Head of Operation Centers Division 4. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 178 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. CORPORATE GOVERNANCE b. e. and evaluating proposals for changes in the system and work procedures. Provide recommendations to the Presidents Director in formulating Risk Management Strategies. Monitor the adequacy of BRI capital against risk exposure in accordance with prevailing regulations. g. Provide recommendations to the President Director in formulating the General Policies of Risk Management. Evaluate the effectiveness of the applied risk management system. Evaluate proposals related to new activities/products and judging the ability of BRI to execute these new activities/products from the risk aspect. Head of Services Division For non permanent member. and suggesting these to the Boards of Commissioners and the Board of Directors for approval. c. d. Grant the authority to Sub-RMC (CRMC. as well as amendments if necessary. Determine (justify) issues related to business decisions which deviate from normal procedures (irregularities). and MRMC) to discuss specific issues requiring immediate actions without involvement from all RMC members.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Structure and Membership of MRMC Chairperson I : Director of Compliance Chairperson II : Director of Finance Secretary I : Head of Risk Management Division (who serves as member) Secretary II: Head of Treasury Division (who serves as member) Permanent member: 1. f. b.

3 28 July 2010 SUBSIDIARIES 4 2 Dec 2010 3. Topic/RMC Meeting Agenda Risk Profile Report and RCSA Capital and Risk Aspects Integrated Stress Testing Risk Management Implementation NPL Review. 5. 4. Capital Management lntegrated Stress Testing Risk Management and Basel II Implementation Operational Risks of Operation Centers Division Risk Profile Report Risk Monitoring Capital Analysis Risk Management Implementation and Basel II Progress and Implementation of PSAK 50/55. 2. 179 BRI 2011 FINANCIAL STATEMENTS . 4. 2. 5. Date 1. RMC Recommendation and Decisions MANAGEMENT DISCUSSION AND ANALYSIS d. 2. Director of Compliance. Others 7. Follow up the previous RMC meeting. 2. Risk Management Implementation 6. 3. and other Directors. Schedule and meeting agenda of BRI RMC in 2010: CORPORATE GOVERNANCE CORPORATE GOVERNANCE No. 1. The attendance records for the RMC meetings have met the quorum requirement. 2. 6. 1. ATM Fraud Issue Profile and Analysis of 8 Types of Risks. 4. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. RMC have 4 meetings on quarterly basis. 5. Recommendation and Decisions Risk Profile Discussion Capital Analysis Risk Management Implementation Others RMC Recommendation and Decisions 1 29 Jan 2010 CORPORATE SOCIAL RESPONSIBILITY 2 14 May 2010 3. Work Plan of RMC in 2010 RMC meeting is held quarterly with the following agenda: 1. 6. 5. 1.FOREWORD COMPANY PROFILE c. Risk Monitoring 5. 3. Capital Analysis 4. meetings were attended by all permanent members without voting rights. Risk Profile 3. Frequency of RMC and Sub-RMC Meetings In 2010. 4.

CORPORATE SOCIAL RESPONSIBILITY The result of RMC Meeting IV in 2010: Set the procedures for the risk management implementation for each division or working unit as the preparation for 2011. Training preparations for officers to participate in Risk Management certifications. started in the beginning of 2011. OPRA dissemination and the incident management plan for head office. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 180 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. identification and review of RCSA risk issue. MIS and implementation of PSAK 50 and 55. credit risk monitoring. deployment of business continuity management. Review and updates the risk issue. MANAGEMENT DISCUSSION AND ANALYSIS 4 CRMC Meeting I June 2010 CORPORATE GOVERNANCE e. Review the application of Risk Based Pricing (RBP) and Risk Adjusted Performance Measurement (RAPM). Risk Based Approach (RBA) of Anti-Money Laundering Program and the Prevention of Terrorism Funding Discuss the results of profile and credit risk limit.COMPANY PROFILE FOREWORD Schedule and meeting agenda of Sub-RMC in 2010: No. 1 2 3 Date ORMC Meeting I April 2010 ORMC Meeting II May 2010 ORMC Meeting III December 2010 Topic/RMC Meeting Agenda Review and updates the risk issue. review of new product activities. OPRA dissemination and the incident management plan for head office. The result of RMC Meeting III in 2010: Follow up the proposal to improve operational risk evaluation system (OPRA) and its implementation. Realization of RMC Work Plan RMC Forum has been success for across division coordination. The decision of RMC Meeting I in 2010: Follow up on the proposal related to the transaction blocking on certain currency and review the NPL of high risk business sectors. the year of risk management program. RMC Forum has resulted in several risk management-related strategic initiatives in BRI. The decision of RMC Meeting III in 2010: LAS Implementation in all working units and business segments. Implementation of the concentration limit for loan activities in every business segment based on the amount of unallocated capital. . Discuss the result of operational risk monitoring and other risks.

Regional Manager of DKI Jakarta I 14. Managing the structure of balance sheet and capital. Head of Credit Card Division 5. the mismatch approach. Head of Credit Administration Division 11. Head of Risk Management Division 12. net-open position (NOP) and interest rate risks. Regional Manager of DKI Jakarta II 15. Head of Credit Risk Analysis Division 9. All Heads of Business Divisions 3. 181 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . determining the interest rate for saving and loans. b. Ensuring that Asset and Liability management has been implemented according to the policy decided in ALCO meeting. Implementing integrated Asset and Liability Management policy. and fund transfer price. Deciding basic interest rate for saving. loans. Deciding the mismatch policy and NOP. c. managing and stipulating the balance sheet structure and capital as well as recommend the Directors in issuing the policy decided by ALCO meeting. Head of Loans Restructuring and Recovery Division 10. b. Directors 2. Head of Consumer Loans Division 6. d.FOREWORD COMPANY PROFILE 2. Head of Financial and Management Accounting Division 8. Head of Institutional Relations Division 7. Assets and Liabilities Committee (ALCO) ALCO is the committee that support the Board of Directors in managing Asset and Liability. Head of Strategic Planning and Business Development Division 13. a. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Duties and Responsibilities of ALCO a. Head of Fund and Services Division 4. e. Regional Manager of DKI Jakarta III 16. Structure and Membership of ALCO ALCO Organizational Structure is: Chairman: President Director (Also serves as member) Alternate Chairman I: Director of Finance (Also serves as member) Alternate Chairman II: Ad Interim Director of Finance (Also serves as member) (Pursuant to the decree regarding Ad Interim Director) Secretary : Head of Treasury Division (Also serves as member) Members: 1. Manager of Special Branch Office Asset Liabilities Management (ALM): is a supporting group of analysts for ALCO.

Frequency of ALCO Meetings ALCO conducted 12 monthly meetings in 2010 and percentage of attendance met the quorum of (2/3 members attendance). ALCO meetings also become the forum to share information to the Board of Director and executives regarding macroeconomic conditions. formulating the scenario of interest rate for saving and alternative pricing. banking sector. Risk Management (setting mismatch limit and net open position) and interest rate for savings. Schedule and meeting agenda of ALCO in 2010: No. Market Review. preparing the data. formulating funding strategy. and ALCO Meeting Decisions Topic/ALCO Meeting Agenda d. ALCO Work Plan ALCO holds a meeting periodically. ALM duties include analysis of source and utilization of funds.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS As a ALCO’s supporting group. Maturity and Repricing Gap. monitoring NOP. Date 28 Jan 2010 25 Feb 2010 25 Mar 2010 28 April 2010 26 May 2010 17 June 2010 23 July 2010 26 Aug 2010 23 Sept 2010 25 Oct 2010 29 Nov 2010 23 Dec 2010 Fixed agenda of ALCO meetings: Asset & Liability Performance Evaluation. ALCO meetings also serves as the strategic forum to give information related to business directions and policies as well as operational issue resolutions from the Board of Directors. Analysis of BRI Shares. SUBSIDIARIES 182 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. loans and fund transfer price. . CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY FINANCIAL STATEMENTS BRI 2011 Realization of ALCO Work Plan ALCO holds periodical meetings discussing asset-liability performance evaluations. and deciding interest rates for saving. c. composition and growth of Bank portfolio. new regulations and other issues that may be the concerns of the investors/market. Regional Office Performance Review. Asset & Liability Management Reccomendations. 1 2 3 4 5 6 7 8 9 10 11 12 e. Analysis of Fee Based Income. loans and fund transfer price. presentation materials. at least once a month in order to discuss the management of BRI assets and liabilities related to the Directors’ policies and strategies of the Bank’s. and necessary materials for ALCO meeting. Primary and Secondary Reserve.

Director of Credit Risk Management 2. Structure and Membership of CPC Chairman : President Director Members: 1. Head of Commercial Business Division 18. Head of International Business Division 20. Head of Strategic Planning and Business Development Division 21. Director of Finance 7. Head of Credit Administration Division (who serves as Secretary) 8. 3. Head of Credit Card Division 15. Head of Credit Risk Analysis Division 10. Head of Consumer Loans Division 14. Head of Loans Restructuring and Recovery Division 11. Head of Internal Audit 9. Head of Risk Management Division b. supervising the implementation of policy. Director of Consumer Business 6. Director of Institutional and State Owned Enterprises Business 5. a. Provide inputs to the Board of Directors in composing BRI’s general credit policy related to the prudential principles stated in Bank Credit Policy Guideline of Bank Indonesia. and provide solutions to any problems or constraints. monitoring the development and conditions of loan portfolio as well as advice for improvement. • Legal lending limit compliance • Compliance with the prevailing rules and regulation related to lending • Loan restructuring process in accordance with general loan policy • Adequacy of loan loss provision and loan write-off • Specified large borrowers and loan under special mention category ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Monitor and evaluate: • Development and quality of the loan portfolio • Appropriateness of the loan approval authority • Loan approval process and quality of the loan given to related parties and specified large borrowers. Head of Treasury Division 19.FOREWORD COMPANY PROFILE 3. CPC also regularly review the Credit General Policy (KUP-BRI) and provides suggestions to the Directors if changes/revision is needed. 183 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Head of Micro Business Division 12. Head of Agribusiness Division 17. Duties and Responsibilities of CPC 1. Credit Policy Committee (CPC) Credit Policy Committee helps the Board of Director in formulating the policy. 2. Director of Micro Small Medium Enterprise Business 3. Monitor the implementation of policy to ensure efficient and consistent compliance. Head of Program Business Division 16. Director of Commercial Business 4. Head of Retail and Medium Business Division 13. Head of Legal Division 22.

8. Regularly provide analysis and loan portfolio evaluations to support the achievement of work plan target and as part of problem loan monitoring. CORPORATE SOCIAL RESPONSIBILITY No. 5. Report and provide advice for improvement to the Board of Directors and the Board of Commissioners regarding: • the result of monitoring of BRI Credit General Policy implementation • findings and evaluations of the matters related with Article 2 and 3 as mentioned above. and responsibility of CPC is administered by CPC Secretary (Head of Loan Administration Division) c. Decision Letter. CORPORATE GOVERNANCE CPC Work Program in 2010 CPC work program in 2010 was formulating Credit Execution Guidelines for Medium Business and Corporation. Date 1. Frequency of CPC Meetings The committee held one meeting in 2010. Monitor and recommend on the plan and implementation of loan related training. and Credit Execution Guidelines. and met the meeting quorum. . The meeting was attended by 16 committee members. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 184 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.COMPANY PROFILE FOREWORD 4. Schedule and meeting agenda of BRI CPC in 2010: d. Regular work. MANAGEMENT DISCUSSION AND ANALYSIS 7. Credit Administration Division as CPC secretary helps in formulating the credit policy through Circular Letter. Review the effectiveness of loan internal control system annually. Agenda of CPC Meetings Discussion on procedures or flow chart and length of loan application process for Medium Business and Corporation Discussion on Credit Execution Guidelines (PPK) for Medium Business and Corporation. 1 14 & 15 December 2010 2. duties. 6.

Regional Office. Credit Committee Director 1 (for Medium and Corporation Loan initiated by Branch Office. The draft was submitted to the Board of Directors on 30 December 2010. MANAGEMENT DISCUSSION AND ANALYSIS 4. Loan Administration Division who run CCP’s daily function and roles has issued 29 credit policies in 2010.FOREWORD COMPANY PROFILE e. CREDIT COMMITTEE Credit Committee is an operational committee assisting the Board of Directors in evaluating and/or deciding loan application of certain amount and types of loans decided by the Board of Director. Special Branch Office and Program Business Division) 2. Realization of Credit Policy Committee Work Plan A Workshop organized by CCP produced draft on Credit Execution Guideline for Medium Business and Corporation. a. Structure and Membership of Loan Committee The membership of the Credit Committee in 2010 was as follows: Credit Committee Members Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Institutional and SOE Business Director of Consumer Business Director of Credit Risk Management Director of Finance Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Institutional and SOE Business Director of Consumer Business Director of Credit Risk Management Final Decision Makers President Director CORPORATE GOVERNANCE CORPORATE GOVERNANCE Credit Committee (for loan decision) BRI Credit Committee (for decision on Money Market Line and Treasury Products) CORPORATE SOCIAL RESPONSIBILITY President Director Credit Committee at Directors Level 1. 185 BRI 2011 FINANCIAL STATEMENTS . Credit Committee Director 2 (for Medium Company and Corporation Loan initiated by SOE Business Division) Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Credit Risk Management SUBSIDIARIES Director of Institutional and SOE Business Director of Commercial Business Director of Credit Risk Management ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

c. Credit Committee Director 3 (for Medium Company and Corporation Loan initiated by Commercial Business Division and Agribusiness Division) 4. Frequency of the Credit Committee Meetings Meetings of the Credit Committee are convened when new loan approval or loan extensions are needed. Put their signatures of approval in Loan Approval form. accurate. and comprehensive manner. Credit Committee will coordinate with ALCO for defining source of fund to finance loans up to certain limit. must be consulted with the Board of Commissioners. FINANCIAL STATEMENTS BRI 2011 186 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. In addition. as for other Credit Committee’s decision shall be made based unanimously or decision must be given if all members of Credit Committee give their approval. Ensure that the loan disbursement procedure comply with Loan General Policy of BRI (KUP-BRI). Granting the loan according to the professional proficiency in an objective. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY c. b. objective. Duties and Responsibilities of Loan Committee The role of Credit Committee is to approve or reject the loan according to the authority decided by the Board of Director. Ensure that the loan disbursement is made based on honest. Rejecting the request or influence from related parties who intend to grant the loan based on formality. 2. 3. Credit Committee Directors for Restructuring Members Final Decision Makers MANAGEMENT DISCUSSION AND ANALYSIS Director of Consumer Business Director of Commercial Business Director of Credit Risk Management Director of Micro Small Medium Enterprise Business Director of Commercial Business Director of Institutional and SOE Business Director of Consumer Business Director of Credit Risk Management CORPORATE GOVERNANCE b. For that reason and as a form of Committee’s responsibility. For agribusiness and SOE loan with the total exposure is equal to or more than Rp600 billion and Rp500 billion respectively. Loan Execution Guidelines (PPK) and other loan regulations.COMPANY PROFILE FOREWORD Credit Committee 3. prior to signing the signature. For loans with a total exposure of minimum Rp300 billion. accurate and comprehensive assessment and free from the influence of related parties. Ensure that all loan approval have met all banking requirements and in accordance with sound loan principals. the Loan Committee must: a. The responsibility of Credit Committee are: 1. both for individual and business groups borrowers. . is required a consultation with the Board of Commissioners. The decision of the Credit Committee shall be based on majority principle.

Head of Risk Management Division 4. Head of International Business Division 15. 9/15/PBI/2007 dated 30 November 2007 and Bank Indonesia’s Circular Letter No. BRI has established Information System and Technology Steering Committee (ITSC) based on the decree of the Board of Directors No. concerning the Application of Risk Management in the Application of Information System by Commercial Bank. a. 9/30/DPNP dated 12 December 2007. Information System and Technology Steering Committee (ITSC) Pursuant to the Bank Indonesia Regulation No. Head of Operation Centers Division 18. Head of Micro Business Network Division 12. 625-DIR/TSI/ 10/2009 dated 19 October 2009. Head of Fund and Services Division 10. there were 26 loan approval issued by the Loan Committee MANAGEMENT DISCUSSION AND ANALYSIS 5. Head of Consumer Loans Division 8. Head of Retail and Medium Business Division 6. Head of Credit Administration Division 17. Head of Treasury Division 14. Head of Internal Audit 2. Structure and Membership of ITSC The composition of ITSC in 2010 was as follows: Chairman : Director of Operations Vice Chairman : Director of Compliance Secretary : Head of Technology and Information System Division Members: 1. Head of Program Business Division 7. Head of Financial and Management Accounting Division 16. Head of Strategic Planning and Business Development Division 3.FOREWORD COMPANY PROFILE d. Head of Services Division 13. Head of Retail Business Network Division 11. Head of Micro Business Division 5. Realization of Credit Committee Work Plan In 2010. Head of Logistic and Fixed Asset Management Division ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 187 CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Head of Credit Card Division 9.

CORPORATE GOVERNANCE 5. Monitor the effectiveness of Risk Management of BRI Investment in IT that contributes to the achievements of business objective. CORPORATE SOCIAL RESPONSIBILITY c. and maintenance by adhering to ITSP BRI. ITSC Work Plan ITSC work plan is to carry out duties and responsibilities in accordance with the agenda of the committee meeting. Recommend the solutions for any problems related with TIS that cannot be resolved by the user and TIS administrator in an efficiently. 7. 3. Duties and Responsibilities of ITSC 1. Monitor and evaluate IT development project to align with BRI strategies and plans.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS The Committee membership is ex-officio and members of the committee represent the party having direct relations with TSI as partner or user. operations. Monitor and evaluate the status and implementation of IT development managed TIS on regular basis. Provide recommendation on prioritizing the short term (annual) and long term (5 years) of the TIS development in accordance with corporate plan and business plan. . 8. Review and recommend Functional Work Plan and TIS Investment and Exploitation Budget Plan for short term (annual) development. stated in the IT Strategic Plan (ITSP) BRI. 4. effective. Provide recommendations on policies and targets for the development of the Technology and Information System (TIS) for a five-year period as 2. b. and timely manner. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 188 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Provide recommendations on changes of long term IT strategies and plans as the respond to the changes in the strategy and policy. 6.

i. The meeting also discussed ITSP review with the consultant. As part of ITSP review. ITSC BRI held three meetings. In ITSC Meeting I. such as budget status. as follows: Date 31 March 2010 • • • • • • • 2 Wednesday. budget realization and several IST related-issues that cannot be resolved at working unit user level or IST administrator. 1 CORPORATE GOVERNANCE CORPORATE GOVERNANCE 3 e. capacity planning. Frequency of ITSC Meetings In 2010. Realization of Work Plan ITSC meeting discuss the progress of IST BRI project. 18 August 2010 20 October 2010 • • • • Topic/Meeting Agenda Budget Discussion for 2008 and 2010 Application Development Capacity Planning Channel Access Organization and Human Resources of TIS BRI Search Engine Direction from Director of Operations Review on current ITSP as IT BRI's blue print from 2008 to 2013 IT BRI status up to Q2-2010 IT BRI status up to Q3-2010 Direction from Director of Operations MANAGEMENT DISCUSSION AND ANALYSIS No. In ITSC Meeting II.e.FOREWORD COMPANY PROFILE d. Board of Directors provide direction among others on TI performance improvement to drive better service and improve fee-based income. The Board of Directors and all members of ITSC gave its inputs and solutions to these problems. and efficiency of IT procurement by obtaining the best equipment in terms of price and maintenance requirements by exchanging information with similar industry. ITSP review also set the vision of future IT system as a modern bank and IT initiatives mapping with business division and IT development progress. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The budget estimation was also expected to be accurate to align with 100% achievement. application development. a Join Planning Session was held to align IT development with user needs. the evaluation of application development. among other issue such as collaboration with third party. 189 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . and IT preparation during Festive Holidays. The meeting was also discussing external auditor findings and the strategy to extend channel access. form of organization and people required. updates on IT status up to Q2-2010 was presented.

budget status. equipment status in Head Office and TSO audit findings. i. PMO Steering Committee Work Plan In performing its duties. update on IT BRI status up to Q3-2010 was presented. PMO Steering Committee PMO Steering committee plays the role to provide strategic direction and project management.e. appreadiness DRC. capacity planning. Provide strategic direction of BRI projects at corporate level Make decisions on solutions proposed in project management that cannot be decided by Head of PMO or Project Steering Committee. Director as Head of PMO 2. 4. IT Division organization. . 6. inactive account and direction from the Director. approving.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS In ITSC Meeting III.e. PMO Steering Committee held meeting twice a year and reports to the Board of Directors. The strategic decisions in project management includes investment decisions related with the projects. 6. FINANCIAL STATEMENTS BRI 2011 190 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. revising. 3. i. Directors member supervising Supporting Project Owner’s Working Unit 4. status of application and feature development. Reallocate the budget to different projects that listed in the Project Work Plan according to prevailing regulation. 5. Supporting Project Owner’s Unit Head b. 2. Project Owner’s Unit Head 5. PMO Steering Committee is the highest forum/ committee in project management at corporate level ini BRI a. Duties and Responsibilities of PMO Steering Committee 1. Directors member supervising Project Owner’s Working Unit 3. The meeting also discussed the housekeeping. or canceling the plan and execution of the project. Make decisions over issues or matters not covered in PMO General Policy and PP PMO Validate the result of Joint Planning Session Terminate the project that has no further justification to be continued SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE c. Structure and Membership of PMO Steering Committee 2010 Chairman : President Director Members: 1. five ITSP domains.

objectivity and transparency in decision making concerning human resources. 191 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . and to reassure the stakeholders that the determination of HR policies has been executed in line with the principles of good corporate governance. Director of Network and Services ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Frequency of PMO Steering Committee Meeting No. Structure and Membership of Human Resources Policy Committee Chairman : President Director Members: 1. transfer of knowledge approval. Director of Finance 5. Date • • 1 16 July 2010 • • • • • 2 24 January 2011 • • • Topic/Meeting Agenda IT Project Planning 2010 Project status updates up to March 2010 Problems related to the Projects Projects that requires special attention Proposal in PMO Steering Committee IT Project Planning 2010 Project status updates up to March 2010 Problems related to the Projects Projects that requires special attention Proposal in PMO Steering Committee MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE e. Approval to discontinue 3 projects Approval to replace 1 project Human Resources Policy Committee This committee was formed in 2008 with the goal to improve the effectiveness. Realization of PMO Steering Committee Work Plan The decision of PMO Steering Committee Meeting I in 2010 were: Approval to discontinue 7 projects Approval to resolve 2 projects problems by re-tendering the projects. approval to review setting parameter. efficiency. a. Director of Operations 2.FOREWORD COMPANY PROFILE d. Director of Credit Risk Management 4. approval to renegotiation the cost and approval to add staff for Project Team Review of 2 projects currently in progress Assesment on extending projects criteria monitored by PMO - CORPORATE SOCIAL RESPONSIBILITY The decision of PMO Steering Committee Meeting II in 2010 were: 7. Director of Compliance 3.

8. performance management. Making a decision over Human Resources (HR) Policy. rotation. including HR planning. 7. . Director of Institutional and State-Owned Enterprise Business Director of Commercial Business Director of Consumer Business Director of Micro Small and Medium Enterprise Business Secretary : Head of Human Resources Management Division Vice Secretary: Deputy Head of Human Resources Management Division b. Human Resources Policy Committee Work Plan Human Resources Policy Committee Work Plan includes setting up the provisions for Policy and Operational matters. 9. 2. Making a decision on the operational aspects of Human Resources.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS 6. assessment and HR management information system. performance assesment. recruitment and selection. No. demotion).13 Jan 2010 8 – 12 March 2010 15 Feb – 22 Mar 2010 6 April – 7 May 2010 25 May – 7 June 2010 16 Aug – 1 Sept 2010 22 Oct – 10 Nov 2010 8 – 12 Mar 2010 30 April – 12 Mei 2010 19 – 20 May 2010 Meeting Agenda Revision of HR Architecture Provision on Normal Distribution 2010 Provision on Talent Pool and Succession Planning BRI Provision of Non-Performing Employees Provision of Resident Staff Development Program Provision of active service without Pension Preparation Period Provisions on Appointment & Assignment for Non-BRI employees Provisions on Short Term Incentive payment of 2009 for BRI employees Provisions on basic salary increase based on performance of 2010 Policy on bonus distribution for 2009 CORPORATE GOVERNANCE c. Policy Sector 1 2 3 4 SUBSIDIARIES 5 6 7 8 9 10 FINANCIAL STATEMENTS BRI 2011 192 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Human Resources Policy Committee Meetings held 13 meetings on Policy issues and 12 Operational issues with the rate of attendance was 100%. Role and Responsibility of Human Resources Policy Committee This committee is an operational committee having the authority in: 1. career development. industrial relations. and disciplinary actions to Level 1 and 2 officers. welfare. CORPORATE SOCIAL RESPONSIBILITY d. including the mutation (promotion. Frequency of Human Resources Policy Committee Meetings In 2010. The details are: Date 16 Dec 2009 .

MANAGEMENT DISCUSSION AND ANALYSIS Operational Sector 1 2 9 Feb 2010 20 Oct 2010 2 Nov 2010 Dec 2009 Jan 2010 3 Feb 2010 April 2010 Dec 2009 e. Director of Compliance 2. CORPORATE GOVERNANCE CORPORATE GOVERNANCE 8. SUBSIDIARIES BRI 2011 c. Provide the direction and inputs to the recommendation of Job’s Class prepared by Evaluation Team during the Job Evaluation Committee meeting 2. Realization of Human Resources Policy Committee Work Plan In 2010. Increase of Pension Benefits and Benefits for retired employees Revision on the Assessment Center Guidelines Performance Assesment of Level 1 Officers for the period of 2009 Disciplinary Actions to Level 1 and 2 Officers. Recommend the Job Position to be approved in the Board of Directors meeting. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. or Office Memorandum. Duties and Responsibilities of Job Evaluation Committee Duties of Job Evaluation Committee: 1. a. Rotation / Promotion for Level 1 and 2 Officers. Structure and Membership of Job Evaluation Committee Job Evaluation Committee comprises of: 1. Head of Human Resources Management Division The membership is ex-officio.FOREWORD COMPANY PROFILE No. there were 13 provisions issued in the form of Director Letter. CORPORATE SOCIAL RESPONSIBILITY b. Job Evaluation Committee Job Evaluation Committee is a committee to review and recommend the Job’s Class proposed by Job Evaluation Team. 193 FINANCIAL STATEMENTS . Decree. and Mutation promotion for Level 1 and 2 Officer to 104 persons. Director of Operations 3. Head of Strategic Planning and Business Development Division 4. Job Evaluation Committee Work Plan Job Evaluation Team evaluates the job position in question then presented to the Committee. The stipulation of the Job will officiated in the Board of Directors Decree. 11 12 13 Date 11 June – 16 July 2010 30 June – 13 July 2010 9 Dec 2010 Meeting Agenda Provisions on Short Term Incentive for 2010.

3. 2. Financial Performance as of August 2010 Action Plan on PSAK 50 and 55 Implementation 7 BRI 2011 October 8 9 November December Discussion on Budget and Work Plan 2011 Financial Performance as of November 2011 and Projection of Performance of December 2010. as follow: No. 1. The Board of Commissioners and the Board of Directors Meetings in 2010: No Month Date 1. Audited Financial Report as of 31 December 2009 Preparation of Annual General Meeting of Shareholders 2010 Financial Performance as of April 2010 Follow up on Memorandum of Audited Financial Report of 2009 by Ernst and Young. 2 February 16 February 2010 29 April 2010 Meeting Agenda BRI Financial Performance & Loan Portfolio as of November 2009 BUMN Loan Report including their Subsidiaries Action Plan on PSAK 50 and 55 Implementation CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Performance Report as of 31 December 2009 1. SUBSIDIARIES 5 6 August September 08 August 2010 Realization of Business Plan 2010-2012 as of Q2-2010 16 September Explanation on the Proposal and Plan to 2010 Acquire PT Bank Agroniaga Tbk.COMPANY PROFILE FOREWORD d. 1 Date 17 March 2010 Meeting Agenda Presentation of Job Evaluation by Job Evaluation Team The Board of Commissioners and The Board of Directors Relationship The Board of Commissioners and the Board of Directors based their relationship on check and balances principal. 4 June 15 June 2010 2. MANAGEMENT DISCUSSION AND ANALYSIS Frequency of Job Evaluation Committee Meeting In 2010. 14 October 2010 23 November 2010 28 December 2010 1. Job Evaluation Committee held meeting with 100% attendance level. there are 9 meetings between the Board of Commisioners and the Board of Directors. In 2010. 3 April 2. FINANCIAL STATEMENTS 194 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and mutual respect according to their duties and responsibility in managing the company. transparency. 1 January 12 January 2010 2. .

00 66.00 100. 195 FINANCIAL STATEMENTS .67 66. 6. THE BOARD OF DIRECTORS 1. 3.89 77.67 66. 10.00 50.78 88.00 88. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. *) **) Bunasor Sanim Soedarjono **) Agus Suprijanto Baridjussalam Hadi Aviliani Agus Pakpahan *) B. Arianto A. 7.89 77. 12. Toni Soetirto Lenny Sugihat Asmawi Syam Suprajarto Bambang Soepeno Abdul Salam *) Achmad Baiquni **) Djarot Kusumayakti **) President Director Director Director Director Director Director Director Director Director Director Director 9 9 9 9 9 9 9 9 3 3 6 6 5 8 8 7 8 7 6 6 2 2 6 3 55. Name Position % THE BOARD OF COMMISSIONERS 1. Kusmuljono *) Adhyaksa Dault **) Heru Lelono **) President Commissioner/ Independent Vice President Commissioner Commissioner Independent Commissioner Independent Commissioner Commissioner Independent Commissioner Independent Commissioner Commissioner 9 6 9 9 9 3 3 6 6 9 6 6 9 8 3 3 5 4 100. 8. 2010 is no longer member of the Board of Directors. 2. 3.00 83.89 88.56 88. 5. 11.00 100. CORPORATE SOCIAL RESPONSIBILITY Effective from 20 July 2010 as Commissioner upon obtaining approval from Bank Indonesia after conducting fit and proper test.89 100. 5.67 CORPORATE GOVERNANCE CORPORATE GOVERNANCE Non-active from the membership of the Board of Commissioner since 20 May 2010. BRI 2011 Effective since 20 July 2010 as Director upon obtaining approval from Bank Indonesia after conducting fit and proper test. 6.00 SUBSIDIARIES Sudaryanto Sudargo *) Director Effective of May 20th.FOREWORD COMPANY PROFILE Frequency of attendance as follows: Number of Meetings Attendance (%) MANAGEMENT DISCUSSION AND ANALYSIS No.33 66. 9.67 66.67 100. 2.S.67 100.78 66. *) **) Sofyan Basir Sarwono Sudarto Sulaiman A. 4. 9. 8. 4. 7.

through print. As part of its responsibility in communication. government relations and others. Corporate Secretariat has main responsibility to build BRI’s corporate image through managing public relations.20 June 2010 14 . Corporate Secretariat holds a possession of this strategic position to ensure the compliance.COMPANY PROFILE FOREWORD IV.Eco Product International Fair (EPIF) Media Visit to Kontan Daily Agrinex International Expo 2010 Media Visit to Seputar Indonesia Daily Media Visit to Media Indonesia Daily Inacraft Exhibition Press Gathering of Bank BRI Indonesian Cooperatives Expo and SME Expo Media Visit to Indo Pos Daily Communication and Publication of BRI Care . as well as to perform communication function for building company’s goodwill. administration of decision making process within the company. BRI communicates the implementation of company program in fulfilling its responsibility as element of the nation. Corporate Communication focuses on effort to build good company image. society and stakeholders empowerment. missions and strategies of the company. CORPORATE GOVERNANCE Public Relations Activities in 2010 CORPORATE SOCIAL RESPONSIBILITY No. Essentially. electronic and outdoor media. . as well as exhibition and collaboration with third parties like press relations. Corporate Secretariat is responsible to the President Director. administration of the company including the Board of Directors and the Board of Commissioners secretariat.Mentawai Aid Communication and Publication of Aid Assistance to Merapi Eruption and Mentawai Tsunami Communication and Publication of 1 Billion Tree Planting Program & BRI Bersemi Communication and Publication of customized KUR (People's Business Loan) for Indonesian Migrant Workers (TKI) BRI Cares for Traditional Market Family Gathering BRI 115th Annivesary Communication and Publication of Biogas Project of BRI Date 20 February 2010 7 March 2010 10 March 2010 11-14 April 2010 5 April 2010 6 April 2010 21-25 April 2010 19 .18 July 2010 13 October 2010 28 October 2010 2 November 2010 14 November 2010 15 December 2010 15 December 2010 26 December 2010 27 December 2010 BRI 2011 SUBSIDIARIES 14 15 16 17 FINANCIAL STATEMENTS 196 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. MANAGEMENT DISCUSSION AND ANALYSIS Public Relations Building Corporate Citizenship and Stakeholders Engagement is the requirement for Company Sustainability. ECO Fair . and the availability of reasonable information accessible by the stakeholders. 1 2 3 4 5 6 7 8 9 10 11 12 13 Event Indonesia go saving (Indonesia Menabung Activity) and Launching of "TabunganKu" product. and relationship/ information flow among the working units and with other stakeholders to achieve the performance based on its vision. CORPORATE SECRETARIAT Corporate Secretariat Function One of the element in good corporate governance process is to ensure that exercise of power and the relationship among stakeholders in line with the company interest. Corporate Secretariat must ensure the flow and the accessibility of information to the stakeholders.

publish investor newsletter. Corporate secretariat always strive to build good communication with capital market community.FOREWORD COMPANY PROFILE Investor Relations Investors are strategic stakeholders whose decision are influenced by the quality and timeliness of the information. 49 tahun born in Purworejo on 24 February 1961. BRI hold public expose and analyst meeting. Before he assumed the Corporate Secretary position. field visit. Below are the communication events held with the investors in 2010: Event Company Visit Conference Call Field Visit Analyst Meeting Roadshows / Conference (Domestic) Roadshows / Conference (International) Investor News Letters Public Expose 2008 2009 2010 138 8 15 4 4 5 2 1 166 28 21 4 2 8 2 2 199 28 29 4 5 5 3 2 The Board of Directors and the Board of Commissioners Secretariat Corporate secretariat acts as office of the boards that ensures availability of information and that the quorum for the meetings are always met by the Board of Directors and/or Board of Commissioners. In 2010. One of the agendas in Annual General Meeting of Shareholders is presentation of accountability report from the Board of Directors and the Board of Commissioners to the shareholders on the management of the company. intentional misinformation. Corporate Secretariat carries out the function of government relations to create and maintain the company’s goodwill on the perspective of regulators. he obtained his Law Degree from UGM in 1987 and joined BRI since 2 June 1988. To ensure the material information to shareholders is properly assigned. 11/1/ PBI/2009 dated 27 January 2009 concerning Commercial Bank and also reported to Bapepam-LK and Indonesian Stock Exchange in a letter No. In an effort to build communication with investors and analysts. 20-DIR/ SDM/12/2009 dated 14 January 2010. corporate secretariat uses Annual General Meeting of Shareholders (AGMS) and Annual Report for that purpose. Corporate Secretariat is led by Muhammad Ali who was appointed by the Board of Directors based on the BoD Decree Letter No. field visits. Muhamad Ali. The communication materials provided directly to the investors or analysts is important information that will be used to take informed investment decisions. and United States. Indonesia Citizen. updating the information in investor relation website and attend investor conference and non-deal roadshow within the country or world’s financial cities in Asia. particularly investors and analyst. MANAGEMENT DISCUSSION AND ANALYSIS Profile of Corporate Secretary CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY As of 1 January 2010. insider trading. Muhamad Ali was the Head of Directors Office (2009) and Deputy Head of Corporate Secretary (2008). B. 197 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . several local and international communication events were held to 473 investors via company visits. As a means of executing the function of Compliance. or other unethical acts. and conference call. It is also responsible to keep the information on legal and regulations updated and convey the information on the actions taken by the company to the regulators. and roadshow/conference. The appointment of Muhamad Ali as the Company Secretary has been reported to Bank Indoesia to comply with Bank Indonesia regulations No. 02SKP/DHI/01/2010 dated 27 January 2010 on Changes in Company Secretary. Information provided not in a timely manner may give improper benefit for some people and considered as against the law because it may inflict self dealing. accepts company visit. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Europe.

997 employees (including the trainers). c. BRI has undertook through the following activities: f. .130 employees in 479 working units. • The dissemination of this Policy and Procedure of Anti Money Laundering Program have been cascaded to 30. g. The compliance function will be assumed by the staffs under the leadership of Compliance Director and Compliance Division. 15-DIR/DKP/03/2010 dated 11 March 2010. To ensure full compliance to the relevant laws and regulations. The dissemination of GCG Policy in 2010 have been cascaded to 54. 1/6/ PBI/1999 dated 20 September 1999 regarding the Appointment of the Compliance Director and the Standards for the Execution of the Internal Audit Function of Commercial Banks.COMPANY PROFILE FOREWORD V. BRI 2011 Disseminating External Regulation to Related Working Unit This process is intended to provide a guideline and/or reference for implementation and improvement of BRI’s internal regulations. generally the Directors’ planned policy or decisions have met the prudential principles as stipulated in prevailing external and internal regulations. b. d. Monitoring of Follow-up Actions to Examination Results Further monitoring to the policy or decisions to avoid the breach and violations in its execution stage. • Self assessment of GCG implementation. Managing BRI Good Corporate Governance The GCG activities in 2010 consists of: • Issuance of BRI GCG Policy in Joint Decree The Board of Director and The Board of Commisioners No. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS a. • Coordinating the dissemination activities of GCG policy and BRI Code of Conduct to all BRI working units. S. • Submissions of Policy and Procedure of Anti Money Laundering and Prevention of Terrorism Financing Program to Bank Indonesia. Each employee is required to sign the BRI Code of Conduct Compliance Statement. CORPORATE SOCIAL RESPONSIBILITY Examination on Prudential Principles The examination of prudential principles was made to the final draft of policy and or decisions planned and stipulated by the Directors. INTERNAL AUDIT AND RISK MANAGEMENT FUNCTIONS 1. 14-DIR/ DKP/03/2010 dated 8 March 2010 regarding of BRI Code of Conduct and Board Manual. 01-KOM/ BRI/03/2010 / Nokep. Impact Analysis ofExternal Regulations To ensure that internal policy have met the external requirements. Implementation of Anti-Money Laundering and Prevention of Terrorism Financing (PPT) The activities in 2010 comprised of: • Issuance of Policy and Procedure of Anti Money Laundering and Prevention of Terrorism Financing Program of PT Bank Rakyat Indonesia (Persero) Tbk. Compliance Function Implementation of compliance function is based on the Bank Indonesia Regulation No. The result of examination reveals that in 2010. 198 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and the results published in the report of BRI Corporate Governance. as pilot projects. APPLICATION OF COMPLIANCE. FINANCIAL STATEMENTS e. Decree No: S. • Monitoring the implementation of Policy and Procedure of Anti Money Laundering and Prevention of Terrorism Financing Program in BRI working units in 8 Regional Office. both related to the loan and nonloan process. SUBSIDIARIES Board of Directors Policy Review The review is intended to ensure that such policy complies with prevailing regulations and meets the prudential principles.

23%) Currently under supervision : 154 working units (32. Monitoring the Agreement and Commitment of BRI to External Parties. Internal Audit Function BRI implements audit methodology of Risk Based Audit (RBA) which is periodically applied based on Corporate Risk Management Maturity.FOREWORD COMPANY PROFILE • • • Updating Customers Data in CIF BRI or Cross Border Corespondent Banking. With this methodology. BRI Internal Audit performed audit activities on significant audit areas potentials in risking the Company’s target. Therefore. Board of Directors has ensured that internal audit functions has been established in every management level and activities as written in Internal Audit Charter about its role and its function. BRI Internal Audit performed as catalyst to raise the management awareness about the cohesive importance of risk management which has been comprehensively implemented in relation with the function of internal audit as strategic business partner (SBP) for BRI working units. PPATK. Fulfill the requirements of reporting CTR (Cash Transaction Report) and STR (Suspicious Transaction Report) to Indonesian Financial Transaction Reports and Analysis Center (Pusat Pelaporan dan Analisis Transaksi Keuangan/PPATK) Follow up data inquiry and account blocking request from external party. Benchmarking with other Banks on best practices of compliance as reference to update guidelines and procedure system. separated from the operational working unit and directly responsible to the President Director. Bank Indonesia. Institutionally. i. Internal audit function in BRI is executed by Internal Audit Working Unit (AIN). and The National Narcotics Agency (BNN). In 2010. As of December 2010. Internal Audit has performed assessment on adequacy. Republic of Indonesian Corruption Eradication Commitee (Komisi Pemberantasan Korupsi/KPK). business processes and units that estimated is having a significant level of risk can be prioritized to be audited. The audit result will be in the form of quarterly/semi-annually audit finding report.e. internal audit is an Independent body. from all audits process in 470 working units management commitment for actions are: • Adequate: 316 working units (67. According to the last ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. AIN have communication access to Audit Committee to coordinate and inform any matters related with the activity and audit results. also been compiled by applying the Risk-Based Audit. Audit Charter and Internal Audit Handbook BRI have SUBSIDIARIES • Bank’s internal audit performance and effectiveness as well as its compliance with the Standard of Internal Audit Function of Commercial Banks (SPFAIB) is evaluated by external auditor once every 3 years. as well as evaluation on adequacy. Internal Audit Function Internal Audit Roles and Functions Internal audit as one of components in internal control systems plays an active monitoring role in achieving Bank’s vision and mission. effectiveness. 199 BRI 2011 FINANCIAL STATEMENTS . The report is submitted to Board of Commissioners and Board of Directors and the BRI has followed up these findings according to the policy and direction from the Board of Commissioners. CORPORATE SOCIAL RESPONSIBILITY 2. risk potential can be minimized in line with the risk tolerance. Internal Audit periodically monitors and follows up the improvements made by the auditee and will label ”Adequate” or ”Inadequate” to auditee’s actions in following up the suggestion.77%) MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE h. i. effectiveness of risk management process and good corporate governance on whole bank activities. internal control and assessment on the performance of business unit.

The appointment of PAF is according to prevailing regulations and selected after tight bid process. Capital Market Supervisory Agency (Bapepam-LK) and Department of Finance. BRI internal audit have played its role according to the required standard. internal audit team consistently upgrade its auditors competency through sustainable education as an effort to provide necessary skills in doing their audit tasks. Ernst & Young is one of 4 (four) multinational public accountant firm (The Big Four). Leadership and Human Resources Appreciation. BRI also involved external auditor. d.3/22/PBI/2001 dated 13 December 2001 on the Transparency of Bank’s Financial Condition. Code of Conducts Code of Conducts is guidelines of standard behavior for every BRI organ and staff in performing their roles. Professional standard of Public Accountant e. . PAF capacity b. 3.: a. Contract legality c. BRI corporate cultures functioning as base of code of conducts are Integrity. The fee includes out of pocket expenses (OPE). Furthermore. In order to improve its audit quality. CORPORATE SOCIAL RESPONSIBILITY BRI never appoints the same PAF for 5 years in a row and have appointed the same accountant partner for 3 years in a row. Sarwoko dan Sanjaya (Ernst & Young) to audits its 2000 financial report. The appointment of PAF have secured approval from the AGMS and Audit Committee recommendation. In 2010. Audit scope d. Suherman dan Surja (Ernst and Young) who is registered in Bank Indonesia. The next review by independent external auditor is scheduled in 2011 and internal audit continuously development and adjusts its practice to the current standard and best practice. BRI paid the fee of Rp4.000. Having previous experience in auditing banking company Understands Indonesian banking regulations. BRI Internal Audit also creates competency mapping and training needs aligned with the bank’s business development as a reference to build bank auditor competency. and fulfill to the following criteria: a. i.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS evaluation report. BRI Code of Conducts requires its individuals and organs to: • Comply with all prevailing banking rules and regulations • Avoid any activities that may create conflict of interest • Respect secrecy of Bank business information and all information related to all parties who conduct business with the Bank.385. Internal audit also reviews and benchmarks its Audit Guidelines as well as its Audit System and Procedure with other systems both nationally and internationally. and Public Accountant Firm (PAF). BRI sets Code of Conducts based on corporate cultures. e.000. CORPORATE GOVERNANCE c.. they are: Bank Indonesia (BI). Supreme Audit Agency of Republic of Indonesia (Badan Pemeriksa Keuangan/BPK).(Four Billion Three Hundred and Eighty Five Million Rupiah) including 10% (ten percent) VAT and other prevailing tax to the PAF.e. External Audit Function In monitoring its operational activities. FINANCIAL STATEMENTS BRI 2011 200 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Communication between BI and PAF Additionally. b. Having previous experience in application system and banking technology Understands banking products Having previous experience and understands risk management. and balance between stakeholders’ interests and needs. BRI appointed PAF Purwantono. registered in the stock market. Customer Satisfaction. Professionalism. appointed PAF have complied with SUBSIDIARIES 4. and other relevan regulations. to audit its 2010 Financial Report The previous year the company also appointed PAF Purwantono. The appointment have been conducted according to prevailing rules and regulations and met the requirements stated by Bank Indonesia Regulations No.

and the limit by organizing RMC meeting regulary to discuss these issues. Active monitoring by Board of Commissioners: a. B. including Financial Accounting Standard. • Reviewing whether the impairment methodology and documentation process. system and procedure of risk management. LAS. Bank Indonesia. Board of Commissioners evaluates the Board of Directors’ request that requiring their approval as stated in the Articles of Association and prevailing rules and regulations. Implementation of Risk Management Including Internal Control System The implementation of the bank’s risk management made its reference to PBI No. including accounting treatment is according to the principles of PSAK 50 and 55 (2006 revision). procedure. Board of Commissioners evaluates risk management-related policy regularly or on ad-hoc-basis as stated in the minutes of meeting and memorandum to Board of Directors. the audit scope is based on the PSAK 50 and 55 unless for review on collective credit value impairment. GUAVA). The Board of Directors also plans and improve the skill quality of human resources. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE 5. as well as competent human resources. Board of Directors have reviewed the risk evaluation methodology. Board of Commissioners approve the Liquidity Risk Management Policy via Approval Memorandum of Board of Commissioners No. 5/8/ PBI/2003 as revised by PBI No. b. if BRI and its subsidiaries employs the facility approved by Bank Indonesia as stated in Circular Letter No. c.FOREWORD COMPANY PROFILE monitoring activities in 2010 were as follows: other requirements as stated in prevailing rules and regulations. The appointed PAF have delivered its audit report and management letter to the bank on time. The Active Monitoring by Board of Directors: a. • Evaluating the management’s estimates on the collective equity of loan impairment. Capital Market Supervisory Agency (Bapepam-LK). the adequacy of SIM implementation and appropriateness of policy.11/33/DPNP dated 8 December 2009. Public accountant also work independently and met the criteria that have been promised. b. To ensure effective risk management. • Human resources capability is improved through risk management certification program or risk management trainings was that coordinated by the Education and Training ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Application of Risk Management in the Application of Information System by Public Bank includes the following: 1. and risk management manager on regular and sustainable basis by: • Allocating budget regularly to improve its human resource capability and consistently evaluates its effectiveness. In 2010. c. 201 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Management Information System (OPRA. 5/21/ DPNP. then the scope will be on: • Self-assessment conducted by the management in order to asses the bank's limitation conditions as stated in adjusted PAPI 2008. Active Monitoring by Board of Commissioners and Board of Directors Board of Commissioners and Board of Director active role in monitoring for and strategic decision making through committee under its responsibility. 11/25/PBI/2007 and Bank Indonesia’s Circular Letter No. As for the application of PSAK 50 and 55 (2006 revision). 96KOM/09/2010 dated 29 September 2010. Board of Directors held 8 RMC and Sub-RMC meetings. taxation. Board of Directors provides infrastructure resources. and other relevant regulations. • Reviewing the information technology process to assess its compliance with PSAK 50 and 55 (2006 Revision).

Protection against retaliation from the person or institution that being reported The implementation of WBS is directly monitored by President Director and part of development of working unit’s.e. Risk Profile Policy b. d. PO Box 1895 Confidentiality and Protection for the Reporting Individual a. RMC quarterly report. Product and New Activity Policy FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE GOVERNANCE 202 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. data source. employees CORPORATE SOCIAL RESPONSIBILITY Whisteblower System As part of support to embody the GCG culture. the Company provides the following channel: a. 2. needs. Appropriateness of Policy. Risk Controlling. and procedures in place to measure the risk in ALCO Monthly Report. credit risk measurement.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS • Division. Credit Risk Limit Setting Procedure Liquidity Risk Management Policy Treasury Policy BRI updates its policy. Quarterly RCSA Assesment Report in 2010. The company will protect the identity of the person reporting. total staffs that have risk management certificate are 798 employees. regional office. Qualified human resources are also made available by setting up trainings and dissemination events on OPRA (Operational Risk Assessor) and inhouse training on CRR. Appropriateness of Identification Process. i. and procedure continuosly. Identification of risk issue at the level of head office. and Limit BRI has policy and procedure in place to limit the risks. Measurement. As part of the procedure and reporting mechanism. Risk Management is comprehensively implemented for all 8 types of risks widespread throughout all working units. Monthly Productive Assets Quality report. by considering its validity. as well as involving the employees in workshops. Risk calculation is made by evaluating assumptions appropriateness. and branch office by using OPRA application. conditions. course. Quarterly Bank-Wide Risk Profile Compilation. Risk monitoring is implemented by evaluating risk exposure in all product portfolio and business activities. a. Key Risk Indicator and Risk Profile action plans that is reported to Management for monitoring and controlling significant risks. c. The steps in risk management process: a. and Capital Adequacy Ratio (CAR) by standardized approach simulation and internal model. it is expected that there will be a shift from “silence” culture to “transparency” culture. CRS and. e. Board of Directors implements the Whistleblower System (WBS)/Sistem Pelaporan Pelanggaran (SPP) to encourage effective employee and public participation in reporting and preventing the fraud and corruption by reporting to the appropriate party. Risk control is made among others via risk mitigation method. . Compliance of Treasury Risk Limit. d. Monitoring compliance on the risk limit is made on Risk Management Dashboard monthly report. Procedure. methodology. business size and targets of bank business. and effectiveness of risk management process. As of December 2010. capability. b. and Risk Management Information System Due to complexity. and prevailing internal or external policy. Special phone number to the President Director b. and ALCO Liquidity. 3. By implementing WBS. Risk Management implementation covering Risk Identification. c. b. and seminars. Monitoring.

OPRA (Operational Risk Assessor) has been deployed and disseminated in all BRI working units at division/desk level in Head Office to Branch Office level. second line of defense and third line of defense. Treasury and Market Risk (GUAVA) application is used. All transactions for functional activities having exposure to risks should obtain approval from authorized officer. the following MIS applications are deployed: • Treasury and Market Risk System (GUAVA) for market risk • Loan Approval System (LAS) and CRM Enhancement application for credit risk • Operational Risk Assessor (OPRA) for operational risk 3. risk limit setting. b. BRI is also conducting stress testing to measure company’s capital ability in absorbing the risk of loss under extreme situation. The deployment and dissemination of OPRA have been completed at Q42010. e. Internal Control System Overall control have been implemented through: a. Internal Audit Guidelines and Risk Control Matrix (RCM) have been revised. internal control. MANAGEMENT DISCUSSION AND ANALYSIS Periodically. 203 CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . Decision to treat unit management risk as an independent unit that create policy. management system in the functional activities exposed to the risks. risk measurement methodology. 2. the Company have taken the following activities: 1. d. and data/model validation. additional capital to absorb the potential loss and regular internal audit. separated from operational working unit. Management Information System (MIS) supports integrated risk management by combine all risks into a Risk Profile Report across the bank functions (bank-wide) and provided by combining quantitative assessment of inherent risks and qualitative assessment of Risk Control System (RCS) for every functional activity. To further support these objectives.FOREWORD COMPANY PROFILE mitigation improvement through learning and trainings. Market ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Data validation by independent officers and working unit. c. Applying the concept of first line of defense. Electronic Money (Brizzi and SMART SIM) and Credit Card for BRI Corporate and Business. 4. and the risks have been reviewed and monitored according to the business unit’s needs. In 2010 there were several new activities being scrutinized and analyzed. New product and/or new activity are also scrutinized and analyzed. Regular audits by internal auditor to asses the application process and risk Commitment to The Follow Up Plan The commitment took some follow up actions on risk management functions and internal control in response to last Corporate Governance Implementation Report 2009. The organizational structure where operational working unit (business unit) is separated from risk control function (risk management unit). To support risk management application. In order to support the market risk management application. GUAVA enables daily market risk control integrated with daily treasury transaction process. Regarding improvement on the operational risks database. namely Dana Rencana BRl (BRI Planning Fund). f. Monthly data validation for all type of risks at least once a month.

BRI has developed a systematic. In order to meet these long term objectives. Group 25 25 28. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 204 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The annual theme is used as a main reference in formulating the Business Plan. Loan Approval To Related Party To Prime Borrower a. realistic. the company have set annual themes for Corporate Plan 2008-2012 to ensure a more focused effort in obtaining these objectives.560 30. Calculating market risks based on available options in the application using internal model (value at risk approach) with the following methodology: variance covariance. Strategic Plan of Bank Rakyat Indonesia In implementing Good Corporate Governance.772 CORPORATE GOVERNANCE Lending to Related Parties and the Prime Borrowers has been given in accordance with BRI loan policy and has been approved by loan committee. Transaction limits and market risk limits are monitored on daily basis and enables management to control market risk loss daily. It enables the management to detect the amount of significant loss that may occur on extreme situation (crisis) anytime. MANAGEMENT DISCUSSION AND ANALYSIS Below is the total loan outstanding to related parties and large exposures as of 31 December 2010: No. The company has also applied the prudential principles through its diversified portfolio.247 Borrower 10 Nominal Value ( Million Rp) 830. Currently. BRI’s corporate plan consist of annual budget and work plan. Lending to Related Parties and Large Exposure BRI has lending policy to related parties and large exposures in accordance with BI Regulation on legal lending limit.COMPANY PROFILE FOREWORD CORPORATE SOCIAL RESPONSIBILITY risk management and control by GUAVA application are providing as follows: a. 2. BRI is executing long term Corporate Plan 2008-2012 which is a continuation of BRI Corporate Plan of 2003-2007. 6. such that there will be no violation on legal lending limit in lending to related parties and lending to borrowers with large exposure. and integrated corporate planning and control system that enable them to monitor external and internal factors. . Corporate plan BRI contains the company’s grand strategy and five year business objectives to be “The Best Bank in Indonesia”. BRI has implemented “four-eye principle”. Individual b. and montecarlo simulation. Furthermore. historical simulation.739. The application also provides stress testing to the market risks. to ensure the independency of the bank management to possible intervention from related parties in deciding loan approvals. 7. 3 (three) yearly business plan (medium term) and 5 (five) yearly corporate plan (long term). c. Value at risk measurement at daily basis that enables the management to obtain the information on potential market risk loss from treasury (financial instrument) portfolio exposed to the risks (rate exchange risk and interest rate risk). 1. b.825.

human resources and Company performance and organization restructuring.12/27/ DPNP dated 25 October 2010 regarding Business Plan for Commercial Banks.12/21/PBI/2010 dated 19 October 2010 and SE BI No. and reflected in various action plans in 2010.FOREWORD COMPANY PROFILE BRI’s strategic plan and business plan is designed in accordance with the Company’s vision and mission. The annual theme for 2010. as well as Internal Audit function in all layers within the Company. focusing on serving MSME segments while considering other business opportunities. The company business plan have been disseminated to all management layers and the outlines have been informed to all BRI employees. Small. 205 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . they are: • Focusing on Micro. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. is Professional Human Resources and Service Quality Improvement. Several programs and strategy in business and supporting elements to achieve the company goals have been formulated. and Medium Enterprise while optimizing other business opportunities • To strengthening risk management • Market penetration through product and market development • Extending and optimizing operational network • Utilizating of information technology for operational efficiency and service improvement • Providing qualified and required human resources support Management responsibility for executing each of the plans is done through mechanism of General Meetings of Shareholders including evaluation on system and procedure. BRI Business Plan Formulation have complied with the provisions in PBI No.

id • • CORPORATE SOCIAL RESPONSIBILITY Website For a more convenient way to obtain the company information. For investors. BRI provides direct access in specific website www. BRI regularly publish its Financial report in national printing media every quarter.ir-bri.bri.co. Press release targets public in general.co. print media. Business Communication Forum An event where the management invite senior officers to inform company’s target and business plan. . Public can conveniently access the press release in BRI website www. BRI Vision is put in several strategic spots within BRI buildings. BRI Vision BRI Vision is a visual electronic communication medium providing bank’s features and information. stakeholders can access up-to-date and detailed information in the company website www. and other stakeholders. ensuring that companywide elements follow and acts on these visions. internet. Internal Communication Internal communication is intended to create mediums to inform the company’s vision and directions to all employees. stakeholders may contact: Corporate Secretariat Phone : +62 21 575 1966 Fax : +62 21 570 0916 E-mail : humas@bri. The Board of Directors use the forum to directly communicate the company’s strategy to Regional Managers. particularly the journalists.id • Publication of Quarterly Financial Report in printing media. Email Information technology infrastructure is also available for use within the company for communication purpose. It contains management’s activities in disseminating policies and/or communications between divisions or work units in their functions. In this forum. and or events. It is held at least once a year. shareholders. DISCLOSURES 1. Board of Directors communicate the company’s business plan for the current year to the Head of Divisions and Regional Managers. • Strategic Forum This forum held at least once a year. These channels include. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE External Communication External communication is established to maintain and improve company image to the public and other stakeholders. The media used in internal communication are: • Circular Letter Circular letter provides latest policy and regulation information within the Company. BRI also actively involved in communicating all corporate events through press release. television. events and activities. or Branch Manager. it contains all business progress and available for public. The type of information and medium for external communications are: • Company Visit To obtain comprehensive information. One of them is electronic mail (email) provided to employees ensuring smooth flow of information from the Management to all layers of employees. The Regional Managers then cascades these targets and plan in Regional Communication Forum to the Branch Managers within its region. radio.id.com • • SUBSIDIARIES • Press Release Press release informs the public about BRI’s achievements. Inspector.bri.co. Access to Company Information The company provides several channels in communicating and disseminating information to its stakeholders.COMPANY PROFILE FOREWORD VI. • Public Folder A folder in company network available to be accessed by all employees containing internal general information. FINANCIAL STATEMENTS BRI 2011 206 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

d. BI. Savings Guarantor Institution (Lembaga Penjamin Simpanan) YLKI Indonesian Rating Institution Indonesian banks association LPPI 2 (two) Research Institutions in Economic and Finance: LM-FEUI and INDEF 2 (two) Economics and Financial Magazines: InfoBank and Investor Magazines 2 Annual Report and Corporate Governance Implementation Report SUBSIDIARIES b. BEI. d. Transparency of Bank Financial and Non Financial Condition BRI provides all required financial and non-financial information in a transparent manner to public and related stakeholders using different media and channels. Bapepam-LK. To ensure effective communication of the ad. Ministry of StateOwned Companies. The material is related to business progress and the audience are analysts and media journalists. f. Event BRI also initiated commercial events to improve its corporate image and awareness. 207 BRI 2011 FINANCIAL STATEMENTS . these medium are: : CORPORATE SOCIAL RESPONSIBILITY No 1 Type of Report Annual Financial Report a. namely newspapers. Bank Indonesia Submitted to Bapepam-LK (Capital Market Supervisory Agency) Supreme Audit Agency of Republic of Indonesia (Badan Pemeriksa Keuangan/BPK) Ministry of State-Owned Enterprises Ministry of Finance Indonesia Stock Exchange Bank Indonesia. e. c. television. Public Expose Public expose is the company's annual event to inform company performance to the public. a. f.FOREWORD COMPANY PROFILE • Analyst Meeting & Press Conference BRI actively holds Analyst Meeting and Press Conference on quarterly basis. Ministry of Finance. and BUMN-online. Advertisement Advertisement is the company effort to manage its image and improve public's awareness to BRI and its products. prior analysis on media used and its target audience are made. magazines. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Activities that have been introduced were ”BritAma Wind of Fortune Lucky Draw” and ”Simpedes Folks Festival”. including the publication of financial report in BRI website. e. b. MANAGEMENT DISCUSSION AND ANALYSIS • • • CORPORATE GOVERNANCE CORPORATE GOVERNANCE 2. and radio. Several mainstream media is used for this purpose. c. g.

and/or Controlling Shareholders. non bank financial institutions. CORPORATE GOVERNANCE 4. the Board of Directors. and/or Controlling Shareholder All members of the Board of Commissioners and the Board of Directors do not have financial and familial relationships with other members of the Board of Commissioners. List of Board of Commissioners and Board of Directors shares ownership can be obtained in Share Option section. and other companies located in Indonesia and overseas. The statement regarding the shares ownership has been stated in a Letter of Statement by each Commissioner and Director. Remuneration Policy/Package and Other Facilities for Commissioners and Directors The Commissioners and Directors are entitled to remuneration and facilities stated in the following table. other banks. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 208 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. CORPORATE SOCIAL RESPONSIBILITY 5. the Board of Directors. none of the Commissioners and Directors of BRI hold shares exceeding 5% of the paid-in capital of the Bank. Financial and Familial Relations of members of the Board of Commissioners and the Board of Directors with other members of the Board of Commissioners. This is the amount that the Commissioners and Directors receive within a year.COMPANY PROFILE FOREWORD No 3 4 5 6 7 8 Type of Report Deposits Position Report Commercial Bank Monthly Report Risk Weighted Assets and Capital Adequacy Ratio Report Business Plan The Bank's Health Level Report Dividend Payment Report Bank Indonesia Bank Indonesia Bank Indonesia Bank Indonesia Ministry of Finance Submitted to Savings Guarantor Institution (LPS) MANAGEMENT DISCUSSION AND ANALYSIS 3. Share Ownership of Commissioner and Director As of 31 December 2010. The statement of not having financial and familial relationships among members of the Board of Commissioners and the Board of Directors has been stated in a Letter of Statement to regulator. .

1 Billion to Rp 2 Billion Above Rp.591 1. Board of Commissioners formulates and stipulates other facilities and benefits for member of Board of Commissioners and Board of Directors in a Remuneration Policy based on the recommendation form Nomination and Remuneration Committee. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.998 18.548 Number of Independent Party Person Million (Rp) 7 7 2.FOREWORD COMPANY PROFILE Remuneration Policy/Package and Other Benefits for Commissioners and Directors Total Received in a year (2010) Type of Remuneration and Other Benefits Remuneration Salary Bonus Regular Allowance 1) Tantiem Facilities Housing Transport Donation Total Amount of Remuneration per Person in 1 Year Above Rp.605 6. whose periods end in AGSM of 20 May 2010 The Board of Commissioners Person Million (Rp) Directors Person Million (Rp) Independent party Person Million (Rp) MANAGEMENT DISCUSSION AND ANALYSIS 7 7 7 7 21. The Board of Commissioners submits the proposal of Salary. 209 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS . The proposal is made according to the recommendation provided by Nomination and Remuneration Committee after considering market practice. Leave.203 10 10 10 10 7 68. and Company performance.051 1. Below 500 Million 1) Consists of Festive Seasons Allowance. and Tantiem for the Members of Board of Commissioners and Board of Directors is decided by AGMS. Honorarium. Other facility and benefits for the member of the Board of Commissioners and Board of Directors shall be decided by the Board of Commissioners pursuant to the Articles of Association. 3) Including 2 commisioners members of Board of Commissioners that is no longer serve in AGSM of 20 May 2010 4) Including remuneration for 2 Directors.379 4. and Tantiem of the Board of Commissioners and Board of Directors to the Dwiwarna Seri A Shareholder to be approved by the AGMS. share ownership and or familial relationships with the members of Commissioners.784 13. organizational. members of Directors and or Controlling shares or other relationship that may affect their capability to act independently. prevailing rules and regulations. 2 Billion Above Rp.192 6. 500 Million to 1 Billion Rp.720 5. economic conditions. Honorarium.612 10 10 CORPORATE GOVERNANCE CORPORATE GOVERNANCE Number of Board of Commissioners Person Million (Rp) Number of Directors Person Million (Rp) 4 3 23. Nomination and Remuneration Committee review the policy on annual basis according. Health and Communication 2) Independent party is individuals from outside the bank having no financial.647 2.029 3) 10 81.645 4) 2.779 CORPORATE SOCIAL RESPONSIBILITY Procedure of Remuneration for Member of the Board of Commissioners and the Board of Directors: Decision on Salary.153 44.653 12.770 4.

057. 210 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 140.500 320.000 345.998.500 140. Toni Soetirto do not have MSOP share.000 54.000 50.000 50.000 6.000 125.780. A.000 208. Achmad Baiquni and Mr.500 80.500 696.305.000 376.000 38.500 320.000 345.000 229. 2003 2.244.000 696.FOREWORD COMPANY PROFILE Nomination and Remuneration Committee Recommendation The Board of Commissioners Feedback The General Meetings of Shareholders Remuneration Decision MANAGEMENT DISCUSSION AND ANALYSIS 6.500 4. MSOP II was carried out in the second year after IPO 3.000 54.000 229. The Share Option provision executed in three phases within 3 years is outlined as follows: 1. dated 14 August 1998.500 215.115.000 137.000 51. Bonus Share Discounted Share Allocated Additional Share MSOP 1 Shares MSOP 2 Shares MSOP 3 Shares Total Shares Price Options CORPORATE GOVERNANCE NAME Term THE BOARD OF COMMISSIONERS Bunasor Sanim Soedarjono Agus Suprijanto Heru Lelono NIL Bonus Share Discounted Share Allocated Additional Share MSOP 1 Shares MSOP 2 Shares MSOP 3 Shares Total Shares Price Options Term - CORPORATE SOCIAL RESPONSIBILITY Baridjussalam Hadi Adhaksa Dault Aviliani INDEPENDENT PARTY NAME THE BOARD OF DIRECTORS Sofyan Basir Sarwono Sudarto Sulaiman Arif Arianto 41.500 320. Share Option BRI has declared its internal policy pertaining to share options by referring to the Regulation of Capital Market Supervisory Agency No.000 28.500 37. MSOP I was given during BRI Initial Public Offering (IPO) on November 10. Option on shares that were given to the Directors with the exception of the President Director.000 38.000 50.000 137. MSOP III was carried out in the third year after the IPO Shares owned by the Directors (other than President Director) given when the relevant person is still holding executive position.500 941. and in line with Bapepam-LK regulation.367.000 4. Mr.000 According to Stock Exchange regulations 5 years According to Stock Exchange regulations SUBSIDIARIES Bambang Soepeno Lenny Sugihat Asmawi Syam Suprajarto Agus Toni Soetirto Djarot Kusumayakti 5 years BRI 2011 Achmad Baiquni EXECUTIVE OFFICERS FINANCIAL STATEMENTS Note: *).124. **).000 38.000 376.000 320. representing shares allocated during which time the Directors were serving as the Bank’s Senior Executive.500 757. .177.500 982.000 140.500 320.000 25.500 37.115. : Kep-44/PM/1998.000 41.000 50.500 50.500 1.000 51.500 3.000 3.000 27.000 944.500 51.000 140.000 137.000 215.000 13.000 28.

Member of Board of Commissioners and Member of Board of Directors There are not important cases that need to be dealt with by the company. Ratio of highest Director’s salary over highest employee salary = 2. Performance achievement Details of Salary Ratio Comprise of (Total Cash = 12 months Salary + Annual Leave + Religious Festive Allowance + Incentive + Bonus) a. premium benefits. Ratio of highest over lowest Director’s salary = 1.92 e. The salary of BRI employees is comprised of principal salary.FOREWORD COMPANY PROFILE 7. Number of Internal Fraud In 2010. Role and contribution of the positions b. Salary Ratio (Highest and Lowest) For the purpose of attracting. CORPORATE SOCIAL RESPONSIBILITY Cases committed by Position Commissioners/ Directors Permanent Employee Non-Permanent Employee 2009 Total Frauds and Case Indication Solved Being resolved internally No solutions Followed-up with legal action - 2010 - 2009 64 30 25 9 2010 96 35 57 4 2009 9 4 4 1 2010 12 6 5 1 9. 211 SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS .11 c. BRI has formulated a salary system that is based on the best practices in the banking industry and constinuously reviews and updates the system to suit with business development as well as changes in the banking employment market practices.11 d. which are formulated to give appreciation and recognition so as to achieve internal fairness on the basis of: a. Relevant and proven working experience c. motivating and retaining its best employees.94 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE 8. member of Board of Commissioners and member of Board of Directors in 2010.45 b. Ratio of highest over lowest Commissioner’s honorarium = 1. Important Cases Faced by the Company. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Ratio of highest Director’s salary over lowest employee salary = 53. Required expertise/skills and competencies d. and transition benefits. Ratio of highest employee salary over lowest employee salary = 18. there were no member of the Board of Commissioners and the Board of Directors involved in internal frauds or legal case.

the decision on loan granting over a certain amount need to be approved by several officers who are part of the loan committee.630 cases Criminal 0 cases 4 cases 4 cases 11. Fund Allocation for Political Activities In 2010. Buy Back Share and or Buy Back of Bonds In 2010. If there are potential conflicts of interest by decision maker. the loan initiation to a related party requires approval from the Board of Commissioners. . During 2010. the loan originator will engage an independent working unit to discuss the matter such that any transaction that may not be in the interest of the Bank could be avoided. FINANCIAL STATEMENTS 212 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE No SUBSIDIARIES Name and Positions with Conflict of Interest Name and Positions of Decision Maker NIL Type of Transaction Value of Transaction (Million Rupiah) Information 12. The examination results show that BRI has sufficient policy to avoid conflicts of interest and there were no transaction that is associated with a conflict of interest. Loan analysis procedures and loan decision are taken based on current regulation and principles of independence. Number of legal cases as of 31 December 2010 are: MANAGEMENT DISCUSSION AND ANALYSIS Litigation Cases Completed (has permanent legal force) Being resolved Total Civil / Industrial Relations Court / State Administration Court 827 cases 803 cases 1. Litigation Cases In running its business. and upon consultation with the Board of Commissioner. BRI did not conduct the activities of Buy Back Share and/or Bonds. Moreover. In order to enhance the prudential aspects of the Bank and avoid a conflict-of-interest among the bank’s decision-making officers. BRI is not precluded from legal actions which represent part of Bank’s operations. BRI did not participate in any funding political activities. Conflict of Interest Transactions The implementation of GCG is formulated in the Joint Decree of BRI Board of Commissioners and Board of Directors in BRI GCG Policy and internal policy on disclosure of parties with conflict of interest relationship. BRI 2011 13. Director of Compliance has carried out examination on prudential principles of decision and policy on Directors in lending activities and nonlending activities.COMPANY PROFILE FOREWORD 10.

02 2.83 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE GOVERNANCE 8.77 7.53 51. Fund Allocation for Company Social Responsibility In running its business.95 26.32 billion for Corporate Social Responsibility. Procedure of Customer Complaint Handling As a commitment for customer protection. 213 BRI 2011 FINANCIAL STATEMENTS . One of BRI’s social responsibilities is to allocate some of its profit for the benefits of people and their surroundings via Partnership Program and Community Development (Program Kemitraan Bina Lingkungan/PKBL). Area Public Facility Natural Disaster Education & Training Public Health Place of Worship Environmental Conservation Total Total (Rp billion) 3. In 2010. BRI does not merely concern about making profits but also pays attention to society and environment within BRI operating areas in Indonesia.FOREWORD COMPANY PROFILE 14. BRI spent Rp51.32 15.22 2. BRI implement a procedure on handling customer complaint CORPORATE SOCIAL RESPONSIBILITY Handling customer complaints chart Customer Complaints Media used: • Mass media • Website/Email • Through employees • Working Units • Call Center Customer Response Center Escalation of problems to the relevant work unit Settlement SUBSIDIARIES Contact center for customer complaints is 14017 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

and forwarded their audit results within the agreed scope of assignments 2 20% 1 0. There has been no transaction between BRI and related parties that contain any conflict of interese Implementation of Bank compliance is considered good. based on internal guidelines and the minimum standard of SPFAIB The Bank has appointed the Public Accounting Firm with due consideration on prevailing rules and regulations.1 4 10% 2 0.05 FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES 7 5% 1 0. composition.2 CORPORATE GOVERNANCE 3 10% 1 0. and responsibility of the Board of Directors have been executed effectively and efficiently in compliance with all regulations The Composition and duties of the Committees have been executed in line with prevailing regulation and undertaken effectively and efficiently Bank BRI has implemented an internal policy on transaction containing a conflict of interest. The following are the summary of the self assessment: MANAGEMENT DISCUSSION AND ANALYSIS Summary of Composite Score in GCG Self Assessment NO 1 ASPECT ASSESED Execution of Roles and Responsibilities of the Board of Commissioners Execution of Roles and Responsibilities of the Board of Directors Adequacy and Execution of the Duties of Committees Conflict of Interest Management WEIGHT (a) 10% RANK (b) 1 SCORE (a) x (b) 0. composition. The appointed PAF and public accountants have done their duties profesionally and independently.COMPANY PROFILE FOREWORD VII. roles and responsibility of the Board of Commissioners have been executed effectively and efficiently in compliance with all regulations Number. . The execution of the duties and responsibilities of the Director of Compliance and the Compliance Division has been effective.1 NOTE *) Number. SELF ASSESSMENT ON GCG IMPLEMENTATION BRI made a Self Assessment of GCG implementation in 2010.05 214 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Guidelines.2 CORPORATE SOCIAL RESPONSIBILITY 5 Implementation of Compliance Function 5% 2 0.1 6 Implementation of Internal Audit Implementation of External Audit 5% 1 0. system and procedures are available in adequate scope Implementation of Internal Audit went effectively. it includes all aspects that have been covered by Bank Indonesia regulations and the result of Self Assessment is qualified as “EXCELLENT”.

05 Composition and implementation of Bank Strategic Plan are based on Vision.5 4. MANAGEMENT DISCUSSION AND ANALYSIS 9 Lending and Funding Provision to related Parties and Large Debtors 7.50% 2 0.45 Explanation of Total Composite Score Composite Score Composite Score < 1.15 NOTE *) Identification and mitigation of all Bank risks are considered effective to maintain an internally sound condition of the Bank.FOREWORD COMPANY PROFILE Summary of Composite Score in GCG Self Assessment NO 8 ASPECT ASSESED Implementation of Risk Management and Internal Control WEIGHT (a) 7.50% RANK (b) 2 SCORE (a) x (b) 0. 215 BRI 2011 FINANCIAL STATEMENTS . and Corporate Plan 100% 1. GCG Implementation Report and Internal Report Bank Strategic Plan Composite Score 15% 2 0. based on existing rules and regulation and accesibility for stakeholders.5 = Composite Score < 4.30 CORPORATE SOCIAL RESPONSIBILITY 11 5% 1 0. Mission.5 = Composite Score < 3. Procedures on the implementation of internal control are adequately comprehensive and in line with the objective. and that funds are fully diversified in order to prevent the possibility of breaching/violating the legal lending limit BRI delivered adequate Financial and Non Financial information. scale and complexity of the businesses and risk level of the Bank BRI has written policies. system and procedures that are updated with high comprehension to ensure that the decision making for fund placement is taken independently.5 1.15 CORPORATE GOVERNANCE CORPORATE GOVERNANCE 10 Transparency Financial and Non Financial Condition Bank.5 = Composite Score < 2.5 3.5 2.5 = Composite Score < 5 Composite Label Very Good Good SUBSIDIARIES Good Enough Not Good Enough Not Good ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

Corporate Values. It needs continuous improvement. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Weaknesses There was no significance weakness which hindered the implementation of GCG. which have been agreed upon to be the behavior and action guidelines in undertaking daily tasks c. GCG implementation needs sufficient Management Information System (MIS). Corporate Codes of Conduct.COMPANY PROFILE FOREWORD Strengths and Weaknesses of GCG Implementation at BRI Strengths The Board of Commissioners and the Board of Directors have strong commitment to implement GCG in every BRI business activities by building understanding. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 216 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. concerns. and commitment of all company’s organs in all layers. d. . so that the information can be easily accessed and give the benefits to Management. BRI has adopted: a. Dissemination programs by related working units regarding the implementation of GCG. To support this condition. Policies on evaluating and completing a number of company’s regulations for complying with GCG principles. which are continuously implemented and developed by means of performance improvement program in all BRI working units b. However.

Chapter Corporate Social Responsibility 5 A top spins from its axis and rests its balance in one point. Adjusting the balance of the spin is the key to this game. BALANCE . BRI focuses not only on the company’s development but also giving values to community and environment.

75 CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY Partnership Program BRI’s Partnership Program finances and develops micro and small businesses. In 2010. BRI distributed Partnership Program fund of Rp6. PKBL is mandated by shareholders and its implementation is in accordance with the Minister of State Owned Enterprises (SOE) Regulation No.58 0.75 billion in the form of loan to 231 fostered partners.05 0. BRI’s vision as a leading commercial bank that always emphasizes on customer satisfaction will not be realized without the support from the communities surrounding the company’s operational areas. This program is expected to enhance productivity of micro and small enterprises.28 0. and every year it is decided by the BRI’s General Meeting of Shareholders (GMS). including cooperatives which are considered as feasible business institutions but do not qualify for BRI’s commercial loans. Partnership Program and Community Development Program (Program Kemitraan dan Bina Lingkungan/ PKBL).03 0. The activities conducted often involve partnership in regional or national exhibitions. Besides providing partnership loans with simple requirements.41 2.60 0 6. Partnership Loan 2010 Economic Sector Industry Trade Agriculture Farming Plantation Fisheries Services Others Total In billion Rupiah 2. which is dedicated to the interest of communities especially in the proximity of BRI operational areas.FOREWORD Corporate Social Responsibility COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS BRI’s vision as a leading commercial bank that always emphasizes on customer satisfaction will not be realized without the support from the communities surrounding the company’s operational areas.05 billion for training and assistance activities. CORPORATE GOVERNANCE commercial loans. so in the future they can access the BRI’s Fisheries 4% Services 9% SUBSIDIARIES 12 % 1% Farming 38% Trades Agriculture BRI 2011 Partnership Loan 2010 FINANCIAL STATEMENTS Industry 36 % 218 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and Rp1. is one of the forms of the company’s responsibilities to participate in improving communities’ welfare and supporting the development of the nation. PER-05/MBU/2007 dated 27 April 2007 concerning SOE’s Partnership Program with Small Business and Community Development Program. These activities help the empowered partners in marketing their products. BRI also guides its partners to develop their businesses.82 0. The PKBL’s fund is allocated from the company’s earnings. .

82 billion for Community Development Funds.22 3.45 2. so they can have better living.02 5.77 26.00 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY Environmental Conservation 11% Public Facilities 6% 5% Natural Disaster Relief Places of Worship 6% Community Development Fund 2010 55% SUBSIDIARIES Public Health 17% Education ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 219 BRI 2011 FINANCIAL STATEMENTS . Throughout 2010.53 2. Community Development Fund BRI Cares Natural Disaster Relief Places of Worship Education and Training Public Health Public Facilities Environmental Conservation SOE Cares Natural Disaster Relief Environmental Conservation In billion Rupiah 48. and Rp2. and natural disaster reliefs.82 2.83 8. The scope of BRI Cares is renovating public facilities. places of worship. environmental conservations. education and training. BRI had distributed Rp48.FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS BRI Cares BRI Cares is a Community Development Program aimed to empower communities surrounding BRI’s operational areas.50 0.50 2. public health facilities.50 billion for SOE Cares.

BRI Cares for Natural Disaster Relief tries to respond as quickly as possible in a disaster condition. BRI distributed aid for natural disaster relief in Merapi. food. Throughout 2010. Delivery of aid to natural disaster victims in Mentawai BRI 2011 FINANCIAL STATEMENTS 220 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Mentawai and Wasior. and other needs during emergency situation. clothing. The aid consists of refugee tents. Building bus shelter in front of the Aceh Barat State Hospital Giving ambulance for Al Falah Mosque Foundation SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY BRI Cares for Natural Disaster Relief Natural disaster can strike any time.COMPANY PROFILE FOREWORD CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS BRI Cares for Public Facilities Public facilities is greatly needed by community to support its economic and social functions and BRI support it by BRI Cares for Public Facilities Program. blankets. . The assistance includes the procurement of motorbike for trash collectors. and can befall to anyone. anywhere. ambulance and feeder cars for hospital patients. medicine.02 billion for these activities. constructing location for street vendors and renovating traditional markets trough in BRI Cares for Traditional Market (BRI Peduli Pasar Rakyat / BRI PESAT). BRI Cares for Public Facilities distributed Rp3. building bus shelters. BRI had distributed Rp2.45 billion for natural disaster relief programs.

Semarang.83 billion had been distributed in the form of BRI Cares for Education Program. in the forms of free medication services. building healthy houses. and organizing bazaar.FOREWORD COMPANY PROFILE BRI Cares for Education BRI understand that the future of our nation is determined by the quality of education for its youths. BRI distributed assistance in the form of scholarships for high school and college students. and renovating school buildings. BRI had distributed Rp8. Rp 26. BRI Cares for Public Health One evidence of BRI’s Cares in improving the health quality of Indonesian is in BRI Cares for Public Program. as well as building and renovating places of worship in the proximity of BRI branches all over Indonesia. the BRI scholarships recipients for Best high school graduate in Papua and West Papua Welcoming ceremony for prospective students from Papua in University Diponegoro. SUBSIDIARIES BRI 2011 FINANCIAL STATEMENTS Assistance in building a mosque in Padang ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. constructing educational facilities. BRI Cares distributed Rp2. organizing blood donor events.77 billion of fund for religious events donation. CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY Mass circumcisions to celebrate the BRI’s 115th birthday BRI Cares for Places of Worship The comfort of places of worship is one of BRI’s major concerns. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE College students. 221 .22 billion for this program. procuring ambulances.

Fund allocated for these activities is Rp6. and biogas installation to socialize the newest energy utilization to the community around BRI working units. Assistance in Lereng Merapi reforestation SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY SOE Cares for Community Development Program BRI has been allocated 30% of Community Development fund for SOE Cares Community Development Program with scope of activities as determined by the Minister of State Owned Enterprises. The Community Development Program Fund of Rp2.COMPANY PROFILE FOREWORD CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS BRI Cares for Environmental Conservation Balance in nature must be maintained for the sake of human survival. BRI maintains and preserves the environment. and to assist the reforestation of Citarum riverbanks. Bazaar of SOE-BRI Cares FINANCIAL STATEMENTS BRI 2011 222 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Through BRI Cares for Environmental Conservation Program.01 billion. along with the nearby community. The activities include planting productive trees in the areas of BRI working units. .50 billion had been distributed to quickly respond to the victims of natural disaster of Merapi eruption.

When the song ends. where two children act as the catchers and the rest sing and walk underneath the joined hands of the catchers.Chapter Subsidiary 6 Indonesia’s version of traditional children’s game. the players must stop walking and the catchers catch the player stopping underneath their arms. BRI is always selective in taking on business opportunities toward developing its business. Selective . London Bridge is Falling Down.

including the needs for sharia banking services. The deed stipulates that BRI owns 99. In 2008.99875% of the stocks. Products and services developed by BRISyariah comprise funding. S..H. Mikro 75. including the needs for sharia banking services. Funding products are aimed at retail and institutional customers. notary in Jakarta. and commercial financing.FOREWORD PT Bank BRISyariah PT Bank BRISyariah (BRISyariah) was established based on the BRI’s aspiration to serve the whole Indonesian society. on 19 December 2008 the management of BRI decided to spinoff of UUS BRI and merged it with PT Bank BRISyariah. With the emergence of sharia banking in Indonesia. MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE Historical Background PT Bank BRISyariah (BRISyariah) was established based on the BRI’s aspiration to serve the whole Indonesian society. . multi-purpose loan (Kreedot Multi Guna/KMG).H.H. alternative channels and direct banking. and the Decree Governor of Bank Indonesia No. Hajj savings. as decreed in Deed No. internet banking. BRISyariah provides e-banking service. Hajj loan. pawn. A range of financing products include micro financing (Mikro 25. BRI acquired Bank Jasa Arta. dated 16 October 2008. as decreed in Deed No. effectively started on 1 January 2009. dated 19 December 2007 signed before Imas Fatimah. The development of e-banking services include phone banking. employee cooperative and retail). To provide better services to its valued customers. retail current accounts. and the types of product are BRIS Savings. 61. signed before Fathiah Helmi.00125% of the stocks are owned by BRI Employee Welfare Foundation. from a conventional bank to sharia bank. Bank Jasa Arta was converted into PT Bank BRISyariah. 45. time deposit and current accounts for institution legal bodies. on 14 April 2002 BRI established BRI Sharia Business Unit (UUS) with two offices operating in Jakarta and Serang. To improve the performance and to put more focus on managing sharia banking. whereas the other 0. Mikro 100). motor vehicle loan (Kredit Kendaraan Bermotor/ KKB). EDC and cash management. multifinancing. To fulfill such needs. To achieve this vision. financing and e-banking services. This process also transformed the business core of the company.10/67/ KEP. retail and linkage financing (sharia-based multi-purpose cooperative/ KopSyah. SMS banking. KMJ or leasing. based on Acquisition Deed No. To fulfill such needs.. S. on 14 April 2002 BRI established BRI Sharia Business Unit (UUS) with two offices operating in Jakarta and Serang. Sharia Banking Products and Services The vision of BRISyariah is to become a leading modern retail bank offering various affordable financial services based on the customers’ needs. S. notary in Jakarta.. ATM. signed before Fathiah Helmi. notary in Jakarta. BRISyariah has endevour in developing and preparing products and services in accordance with sharia principles. consumer financing comprising housing loan (Kredit Kepemilikan Rumah/KPR). and alternative channels comprises co-branding and membership. dated 22 April 2008. 27. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES SUBSIDIARY CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 224 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.GBI/DPG/2008. sharia rural bank/BPRS.

which reached Rp16. a decrease from net profit booked in 2009.53 trillion in financing. which was recorded at Rp1.76 trillion. supported by strong and sophisticated network. In 2010.87% from that of the year 2009. One of the strategies is the expansion of the bank’s network as a step toward providing the best services to the bank’s valued customers. This is an increase of 112. 52 sub-branches. In 2010 BRISyariah booked net profit of Rp10. The improving performance of BRISyariah in 2010 shows that the management has been on the right track in their strategies.36% compared to the financing did in 2009. In 2010.86 trillion.60 trillion. BRISyariah's achievements in 2010 will be the platform. The various products and services. BRISyariah had 21. BRISyariah set its focus on the development of its information technology and e-banking. BRISyariah was ranked third as the Best Full-fledged Sharia Bank from Islamic Finance in August 2010.000 sharia service outlets. consisting of eight main branch offices. In 2010. ATM Prima and ATM BRI. human resources and other operational tools. or a 20. an increase of 217. This is a growth of 112. nine cash outlets and six sharia service outlets located at BRI offices. In 2010.53 billion. BRISyariah carried out various shared ATM networks. an increase of 115. of which the bank will continue to improve its performance in order to remain competitive in the fast growing sharia banking industry in Indonesia. By the end of December 2010. BRISyariah recorded collected third-party funds of Rp5. which was recorded at Rp2. such as ATM Bersama. BRISyariah had its network around the country.421 fulltime employees and 1. BRISyariah supported by 3.173 outsourced workers.594 employees.51% capital adequacy ratio (CAR). and BRISyariah also received ISO 9001:2008 in 2010 for its implementation of ISO in operation and services. BRISyariah is expected to have 200 working units and 6. BRISyariah also had the capital of Rp955 billion in 2010.78% from the year 2009 that recorded Rp3. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. To support customers in their transactions and to provide them with various services. technology and human resources help BRISyariah grow. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Development Plan The management of BRISyariah has drafted strategies for the company until 2014.66% increase compared to 2009.81 trillion. 26 branch offices. the management has set the main target of opening 105 working units and 1.2 billion. which was recorded at Rp448 billion. one of them is The Most Favorite Service Quality and Product For Sharia Banking from Property Bank on 29 July 2010. For 2011. BRISyariah received a number of awards and recognition. BRISyariah reported total assets of Rp6.79% from the same period in 2009. By 2014. This decrease was due to the company’s strategies in expanding the network and improving the quality and quantity of information technology and human resources. BRISyariah recorded Rp5.18-trillion worth of total assets. Currently. By the end of December 2010. 225 SUBSIDIARIES SUBSIDIARY BRI 2011 FINANCIAL STATEMENTS . by continuously improving the infrastructures and data centers including the bank’s Management Information System (MIS).FOREWORD COMPANY PROFILE Business Performance BRISyariah continuously strives for better performance by improving the bank’s infrastructures.000 sharia service outlets. comprising 2.

FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES SUBSIDIARY CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 226 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRISyariah is also building a strategic partnership to establish bancatakaful/ bancassurance. and is planning to go public in 2013 to help accelerate the company’s business development.47 trillion. BRISyariah set the target of Rp10. and Rp24.56 trillion in 2011 and Rp31.30 trillion in 2014. . For the bank’s total assets. the management has requested to Bank Indonesia that BRISyariah be recognized as a foreign exchange bank.60 trillion for 2014.COMPANY PROFILE FOREWORD MANAGEMENT DISCUSSION AND ANALYSIS Business targets and strategies of BRISyariah are reflected in several financial indicators.22 trillion. The bank’s target of third-party funds for 2011 is Rp9. and the target for financing for 2011 is Rp9. To develop the business even more.

Well-Planned .Chapter 2011 Strategic Plan 7 This traditional child’s play requires the players to pass to several stages of achievement. and continuously makes necessary changes in line with the changes in business climate. strategy and sharp observation to pass each stage. BRI sets the company’s long-term goal in order to reach its vision. Players need planning.

This is clearly seen by it’s management policy to implement strategic plans and work programs. especially in sectors which have been the government’s program to support national economic development and/or have connection with MSMEs. In 2011. BRI sets the target of loan growth by keep focusing on MSME’s financing without leaving bigscale financing. strengthen its position in the banking industry in 2011.FOREWORD 2011 Strategic Plan In order to improve the bank’s performance. BRI supports this expansion strategy by improving either quality and quantity of the loan officers. and improving fee-based income. corporate business development is still aimed at financing and funding. BRI also provides micro and small commercial loan to customer that are not bankable. . gas and mineral and telecommunication. such as energy. through people business loan (Kredit Usaha Rakyat/KUR) program. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 228 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. yet they are feasible. the direction of the management policy is as follows: MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE Loan In 2011. improving Service Level Agreement (SLA) for loan and initiating competitive pricing strategy. infrastructures and other productive business sectors. BRI conducts marketing activities by doing business gatherings. To accomplish realize the target. or at least the growth is similar to the national loan growth. approaching the potential customers and utilizing database of BRI’s existing customers. The target for corporate loan expansion is especially SOEs and private sectors. aside from other non-commercial loans. BRI has set aggressive corporate strategies. In brief. especially those in agribusiness (including foods). BRI remains observant to prudential principles and always prioritizes projects that are guaranteed by the government so as not to significantly affect the bank’s capital performance. both in business and support. The success indicator of this strategy is a high growth in loan expansion. and to achieve the target to become The Best Bank in Indonesia.

MANAGEMENT DISCUSSION AND ANALYSIS Third-Party Fund BRI sets its focus by collecting third party funds especially low cost funds (saving accounts and demand deposits ) and maintaining its composition minimum of 60% of the total third-party funds. BRI continuously develops and improves its information technology to provide better services to its loyal customers. and improving loan recovery which have been written-off. sale of securities. credit card. BRI remains with its strategy of collecting sustainable third-party funds while optimizing funding through the management of securities and government bonds to support financing. priority banking. cash management and bancassurance for performance evaluation. new ATM and trade finance features. such as trustee. 229 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 BRI 2011 FINANCIAL STATEMENTS . BRI attempt to optimize its banking services. intensively doing promotion in order to acquire new customers. BRI also remains innovative by creating and improving saving products with appealing features. BRI continuously maintain its loan quality. BRI also conducts loan restructuring on NPL to lowering cthe provision of the earning assets. In 2011. BRI collects institutional funds from SOEs and private corporations. BRI periodically evaluates administration fee for saving products.FOREWORD COMPANY PROFILE While keep disbursing loan. To achieve this. ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. providing quality services and launching effective marketing to maintain the customers loyalty to the bank. financial institutions pension funds (Dana Pensiun Lembaga Keuangan/DPLK). BRI also continues with its strategies in managing Treasury Single Account (TSA) and focusing on outlets with high potential fund. CORPORATE GOVERNANCE Fee-Based Income In order to increase fee-based income.

as BRI also pays attention to its customers in rural areas. with the goals to maintain brand awareness and corporate image. BRI will continuously do marketing communication of every banking products and services in accordance with the corporate marketing strategy. To meet the needs of the organization. For the capital requirement. They are human resources. Teras BRI and mobile units and electronic channel. cash outlets. BRI has prepared the strategic plan to support the business growth mentioned above by issuing new sub-ordinated debt or hybrid capital while keep considering the market condition. both for marketing officers and for supporting employees and BRI pays close attention to the required competence of its new recruits. FINANCIAL STATEMENTS BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 230 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI Units. BRI is recruiting new employees. information technology and network. Therefore. To support the business development. In 2011 BRI will continue its strategy in expanding new outlets. such as branch offices. . the sub-ordinated debt or hybrid capital issuance will be able to provide optimum benefit to BRI. Regarding IT system. sub-branch offices. in order to support business expansion and the implementation of operational risk in calculating Capital Adequacy Ratio (CAR).COMPANY PROFILE FOREWORD BRI’s business development is closely related to the role of support division. These are not limited to urban areas. BRI continues to develop its IT system to anticipate the number of transactions that continually grow.

Chapter Financial Statements “Western Jacks”. This game require the ability of the player while to bounce the ball. one of traditional game using one ball and the jacks. arrange the jack and at the end catch the ball back in one action. BRI is able to measure and increase its human capital competencies to capture the opportunities and to achieve outstanding performance 8 Accurate .

MANAGEMENT DISCUSSION AND ANALYSIS

COMPANY PROFILE

FOREWORD

BOARD OF DIRECTOR’S STATEMENT REGARDING THE FINANCIAL STATEMENT RESPONSIBILITY AS FOR THE YEARS ENDED 31 DECEMBER 2010 AND 31 DECEMBER 2009 PT BANK RAKYAT INDONESIA (PERSERO) Tbk. We, the undersigned: 1. 2. Name Office Address Home Address Phone Number Job Title Name Office Address Home Address Phone Number Job Title : : : : : : : : : : Sofyan Basir Jl. Jend. Sudirman No. 44-46 Jakarta 10210 Jl. Uranium I Blok B 42 Permata Hijau, Jakarta Selatan 251 0286 President Director Achmad Baiquni Jl. Jend. Sudirman No. 44-46 Jakarta 10210 Jl. Taman Wijaya Kusuma III/21 C Jakarta Selatan 575 1741 Director of Finance

CORPORATE GOVERNANCE

CORPORATE SOCIAL RESPONSIBILITY

Declare that: 1. We are responsible for the preparation of the Financial Statement of PT Bank Rakyat Indonesia (Persero) Tbk. 2. The Financial Statement have been prepared and presented in accordance with generally accepted accounting principles in Indonesia 3. a. All information has been disclosed in a complete and truthful manner; b. The Financial Statement do not contain false material information or facts, nor do they omit material information or facts; 4. We are responsible for the internal control system of PT Bank Rakyat Indonesia (Persero) Tbk. This is our declaration, which been truthfully.

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

232

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.
COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS WITH INDEPENDENT AUDITORS' REPORT YEARS ENDED DECEMBER 31, 2010 AND 2009

MANAGEMENT DISCUSSION AND ANALYSIS

Table of Contents

Page Independent Auditors' Report Consolidated Balance Sheets .................................................................................................... Consolidated Statements of Income .......................................................................................... Consolidated Statements of Changes in Equity ......................................................................... Consolidated Statements of Cash Flows ................................................................................... Notes to the Consolidated Financial Statements .......................................................................
234

1236 -5 6241 -7 8243 -9 10 -245 11 12 - 147 248

CORPORATE GOVERNANCE

***************************

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

233

CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

FINANCIAL STATEMENTS FINANCIAL REPORT CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD

BRI 2011

SUBSIDIARIES

234

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

235

FOREWORD

COMPANY PROFILE

MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY

SUBSIDIARIES

BRI 2011

FINANCIAL REPORT FINANCIAL STATEMENTS

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

Notes ASSETS CASH CURRENT ACCOUNTS WITH BANK INDONESIA CURRENT ACCOUNTS WITH OTHER BANKS Allowance for impairment losses 2a,2c 2a,2c,2g,4 2a,2c,2f,2g,5

2010

2009

MANAGEMENT DISCUSSION AND ANALYSIS

9,975,712 19,989,683 5,658,116 (63) 5,658,053

8,139,304 12,893,414 9,081,086 (90,811) 8,990,275

CORPORATE GOVERNANCE

PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS - net of unamortized Interest of Rp17,481 as of December 31, 2009 Third parties Related parties Allowance for impairment losses

2a,2c,2e,2f, 2h,6,43

83,057,390 215,000 83,272,390 (250) 83,272,140

40,438,290 193,000 40,631,290 (136,233) 40,495,057

CORPORATE SOCIAL RESPONSIBILITY

SECURITIES - including unamortized premium of Rp535,117 as of December 31, 2009 and net of unamortized discount of Rp123,776 as of December 31, 2009 Allowance for impairment losses

2a,2c,2f,2i, 7,22,23

22,516,173 (1,510) 22,514,663

24,535,241 (57,109) 24,478,132 551,172 (5,512) 545,660

EXPORT BILLS Allowance for impairment losses

2c,2f,2j,8

741,757 (7,418) 734,339

SUBSIDIARIES

GOVERNMENT RECAPITALIZATION BONDS SECURITIES PURCHASED WITH AGREEMENTS TO RESELL - net of unamortized interest of Rp775 as of December 31, 2009

2c,2i,9,22

13,626,463

15,027,074

BRI 2011

2c,2u,10

501,381

503,887

FINANCIAL STATEMENTS FINANCIAL REPORT

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

1

236

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

COMPANY PROFILE

Notes DERIVATIVES RECEIVABLE Allowance for impairment losses 2c,2f,2af,11

2010 87,870 87,870

2009 144,921 (1,449) 143,472

MANAGEMENT DISCUSSION AND ANALYSIS

LOANS Third parties Related parties Allowance for impairment losses

2c,2e,2f, 2k,12,43

246,504,161 460,077 246,964,238 (13,991,454) 232,972,784

205,037,003 485,391 205,522,394 (11,279,891) 194,242,503 2,600,174 (88,257) 2,511,917 352,716 (4,502) 348,214

CORPORATE GOVERNANCE

SHARIA RECEIVABLES AND FINANCING Allowance for impairment losses

2f,2l

5,524,968 (111,376) 5,413,592

ACCEPTANCES RECEIVABLE Allowance for impairment losses

2c,2f,2m,13

666,878 (6,669) 660,209

CORPORATE SOCIAL RESPONSIBILITY

INVESTMENT IN SHARES OF STOCKS Third parties Related parties Allowance for impairment losses

2c,2e,2f, 2n,14,43

1,646 134,130 135,776 (1,888) 133,888

1,646 111,477 113,123 (1,662) 111,461

PREMISES AND EQUIPMENT Cost Accumulated depreciation Net book value DEFERRED TAX ASSETS - net OTHER ASSETS - net TOTAL ASSETS

2o,2p,15

5,405,013 (3,836,068) 1,568,945

4,945,008 (3,578,796) 1,366,212 1,915,026 5,235,421

SUBSIDIARIES

2ag,36c 2c,2f,2q,2r,16

2,295,101 4,880,779 404,285,602

BRI 2011

316,947,029

FINANCIAL REPORT FINANCIAL STATEMENTS

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

2
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

237

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

Notes LIABILITIES AND EQUITY LIABILITIES LIABILITIES DUE IMMEDIATELY DEPOSITS FROM CUSTOMERS Demand deposits Third parties Related parties 2c,2s,17 2c,2e,2t,43 18

2010

2009

MANAGEMENT DISCUSSION AND ANALYSIS

4,123,639

4,333,232

77,042,297 6,400 77,048,697

49,959,614 5,302 49,964,916 129,297 104,068,469 50,266 104,118,735 313,800 30,731 99,842,774 191,525 100,034,299 1,336,483 255,928,261

Wadiah demand deposits Savings deposits Third parties Related parties 19

315,779 125,145,383 52,135 125,197,518

CORPORATE GOVERNANCE

Wadiah savings deposits Mudharabah savings deposits

738,227 54,005 20 125,826,676 482,910 126,309,586

CORPORATE SOCIAL RESPONSIBILITY

Time deposits Third parties Related parties

Mudharabah time deposits Total deposits from customers DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS

3,988,585 333,652,397

2c,2t,21

5,160,315

4,449,907

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

3

238

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated)

COMPANY PROFILE

Notes SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE - net of unamortized interest of Rp31,703 as of December 31, 2009 DERIVATIVES PAYABLE ACCEPTANCES PAYABLE TAXES PAYABLE FUND BORROWINGS - net of deferred provision of Rp1,895 as of December 31, 2009 ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES OTHER LIABILITIES

2010

2009

MANAGEMENT DISCUSSION AND ANALYSIS

2c,2u,7,9,22 2c,2af,7,11 2c,2m,13 2ag,36a

526,365 81,801 666,878 1,930,923

544,464 277,302 352,716 343,492

2c,23 2f,24 2c,2p,2w,2aa, 25,41,44b

9,454,545 93,422 9,766,026

13,611,399 101,737 7,068,716

CORPORATE GOVERNANCE

SUBORDINATED LOANS - net of deferred issuance costs of Rp9,358 as of December 31, 2009 TOTAL LIABILITIES

2c,2v,26

2,156,181 367,612,492

2,678,422 289,689,648

CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.

4

ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

239

488 CORPORATE SOCIAL RESPONSIBILITY 7.381 316.977 561.000 shares (consisting of 1 Series A Dwiwarna share and 29.349 89.722.024.499 Series B shares) as of December 31. 240 .167.30.000.110 404.999.694 27.773.834.673.164.947.852.947 12.387 was eliminated as a result of quasi-reorganization as of June 30. 2003) 2d.926 2.237 - 6.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.291 2.257.27a Additional paid-in capital 2d.3.148.956 19.204 27.(accumulated losses of Rp24.999 Series B shares) as of December 31.123.27b Differences arising from the translation of foreign currency financial statements 2ae.27a.285. 2009 1.852.Rp500 (full Rupiah) par value per share Authorized capital . 5 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.029 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.999 Series B shares) Issued and fully paid capital 12. unless otherwise stated) Notes EQUITY Capital stock .329.699.28 Unrealized gain on available-for-sale securities and Government Recapitalization Bonds net of deferred tax 2i Retained earnings . COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS (continued) December 31.809.602 7.500 shares (consisting of 1 Series A Dwiwarna share and 12.000. 2010 and 12.878 10.581.334.858 47. 2010 and 2009 (Expressed in millions of Rupiah.329.816 17.334.27c Stock options 2ab.160 36.564 432.000 shares (consisting of 1 Series A Dwiwarna share and 12.27d Appropriated Unappropriated Total retained earnings TOTAL EQUITY TOTAL LIABILITIES AND EQUITY 2010 2009 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 6.974.580.999.

946.493 643.546 713.9 3.net Other operating income Fees Recovery of assets written off Gain on foreign exchange .FOREWORD These consolidated financial statements are originally issued in the Indonesian language.162 33.559) 32.net 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 2x.615.971.495 CORPORATE GOVERNANCE 2ad.222) (362.888 80.31 2z (11.536) (5.179.846 75.2z 2y.321 277. 241 .143 773.499) SUBSIDIARIES 2f.9 2y 2.606) (11.669 44. 6 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.263 3.305 168. other charges and Sharia charges Interest expense and other charges Sharia charges Total interest expense.649) BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.net Provision for allowance for impairment losses on non-financial assets .131 2x.019 152.29 2l.253 2. 2010 and 2009 (Expressed in millions of Rupiah.126.533 127.30 43.704) (12.2af 2i. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME Years Ended December 31.32 (7. investment and sharia income Interest and investment Sharia income Fees and commissions Total interest.203 CORPORATE SOCIAL RESPONSIBILITY 2i.341 261.431 142.953) (277.049.880.888.315 (14. unless otherwise stated) COMPANY PROFILE Notes INCOME AND EXPENSES FROM OPERATIONS Interest.315 35.7.636) 23.net Reversal of allowance/(provision) for estimated losses on commitments and contingencies .525.448.284.269.421.475 1.net Other fees and commissions Unrealized gain on changes in fair value of securities and Government Recapitalization Bonds .255 1.334. other charges and Sharia charges Interest Income . investment and sharia income Interest expense.767) 2f (45.594 2f.7.net Gain on sale of securities and Government Recapitalization Bonds .654 5.24b 8.932) (104.042.603 (12.732.726.544.net Others Total other operating income Provision for impairment losses on financial and non-financial assets .

659 1.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.880) 50.2aa.204 11.711.230 (3.73 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.202.049) 486.569 9.472. 7 242 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.717.36c 35 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 2e.922. unless otherwise stated) Notes Other operating expenses Salaries and employee benefits General and administrative Premium paid on Government Guarantee Program Others Total other operating expenses INCOME FROM OPERATIONS NON-OPERATING INCOME .675.675.292 CORPORATE GOVERNANCE FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 956.633.228 (2.001 506.41. 33.891.58 609.72 933.43 2o.908.692) 14.49 2ag.50 596.788) (11.NET INCOME BEFORE TAX BENEFIT (EXPENSE) TAX BENEFIT (EXPENSE) Current Deferred NET INCOME EARNINGS PER SHARE Basic (in full Rupiah amount) Diluted (in full Rupiah amount) 2ac.308.113.385 (6.931) (424.330.003) (1.402. 2010 and 2009 (Expressed in millions of Rupiah.229 14.959.944 7.141.560.536) (16. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF INCOME (continued) Years Ended December 31.36b.515) 8.34 45 (8. .721) (4.991) (2.444) (523.793) (3.

959) - (18.878 7.356.365) (148. 27b.706. 8 243 .649.323 ) (148.365) - Distribution of income Cash dividends Addition to general and special reserves Partnership and Environmental Assistance Program (PKBL) 27d PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (2.959) - (2.292 10.816 7. 2008 Balance as of December 31.699.308.27c (18.365) (148.381 Net income in 2009 Balance as of December 31.292 6.959) - (148.878 Appropriated Issued and Fully Paid Capital Stock Options 17.959) 14.257.959) - (18.965 Total Equity 7.28 Unrealized gain on available-forsale securities and Government Recapitalization Bonds net of deferred tax 37.292 13.414) (2.414) (2.722. 2003.381 Balance as of December 31.308.361 17.488 6.365) (148.488.276 16.212 - 536.300 12.650 2.349 89.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization as of June 30.361 89.253 otherwise stated) (536.947 Additional Paid-in Capital - 2i Retained Earnings Unappropriated 7. 2010 and 2009 (Expressed in millions of Rupiah.253) (148.523 Issued and Fully Paid Capital Stock Options Additional Paid-in Capital Differences Arising from Translation of Foreign Currency Financial Statements Total Equity 22.649. FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.694 Net income in 2009 Notes Differences Arising from Translation of Foreign Currency Financial Statements - Unrealized Gain on Available-forSale Securities and Government Recapitalization 394.926 2.164.101 13.816 *) Total 7.292 17.697 27.324.488 7.977 6.649.276 16.697 Unrealized Gain on Available-forSale Securities and Government Recapitalization Bonds .365) (536.27a.024. The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.834.836.649.699.212 (4.649.365) Years Ended December 31.650 6.834.694 394.523 432.726 Unappropriated Total *) Notes 6.947 12.926 2.356.488.28 Unrealized gain on available-forsale securities and Government Recapitalization Bonds net of deferred tax 6.27a.324.625 7.300 37. unless 536.137 108.162.257.809.27c *) Accumulated losses of Rp24.722.349 108. These consolidatedfrom translation of foreign currency financial statements 2ae.308.706.101 10.165 Exercise of stock options 2ab.165 Distribution of income Cash dividends Addition to general and special reserves Partnership and Environmental Assistance Program (PKBL) 27d Exercise of stock options 2ab.(Expressed in millions of Rupiah. 2009 *) Accumulated losses of Rp24.164.965 7.959) 14. as of June (4.625 6.024.Net of Deferred Tax Balance as of December 31.162.649.323 ) 2. 2009 Differences arising from translation of foreign currency financial statements 2ae.965 Bonds . 27b.253 - (2.726 17. unless otherwise stated) Retained Earnings Appropriated 6.965 432.414 ) 2.253) (2.292 22.137 2. 2003.414 ) 30.977 2i 394.809.308.308.292 27.836.Net of Deferred Tax - 394.308.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization(18. 2008 Differences arising financial statements are originally issued in the Indonesian language.

926 2. 55 (Revised 2006) Differences arising from translation of foreign currency financial statements ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.195. Distribution of income BalanceCash dividends 31.249) 27.385 (42.789 129.509 (12.078 11.195. 55 (Revised 2006) 39 Balance as of January 1.078) (219.204 11.257.858 47.349 Impact of transition adjustments on the implementation of SFAS No.078) 27.878 11.977 561.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization as of June 30.28 Unrealized gain on available-forsale securities and Government Recapitalization Bonds net of deferred tax 2i Net income in 2010 Balance as of December 31. 27b.195. 2010 after the implementation of SFAS Unrealized gain on available-forNo. 2010 6. 2009 as previously stated 6.487.385 27.385 19.381 (219.488 7.694 Unappropriated Total *) Total Equity 27.291 2. 2003. 50 (Revised 2006) and SFAS No.947 Recapitalization Bonds net of deferred tax 2i Differences arising from translation of income currency financial foreign in 2010 Net statements 2ae.722.sale(Revised 2006)Government 50 securities and and SFAS No.27c Notes 27d Balance as of January 1.27c (42. Balance as of December 31.564 7.977 432.249) 230.291 2.024.195. 55 (Revised 2006) 6.195.160 (2.947 PT 12.385 36.809.110 (2.472.Net of Options Deferred Tax Total (42.078) 10.699.710 ) Balance as of December 31.204 (2.387 had been eliminated against additional paid-in capital as a result of quasi-reorganization as of June 30.977 ) 2.160 129.722.789 Issued and Fully Paid Capital 2.076 7.065.076 561.078) (950.509 6.148.040.27a.249) 230.809. 2010 after the implementation of SFAS No. 27b.349 51.722.673.078) (219.237 129.947 Translation of Foreign Additional Currency Paid-in Financial (42.164.773.110 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.956 950.123.408 230.365 51.349 Arising from 89.385 19.164.076 11.487.472.878 7. Accumulated general and special reserves Partnership and Environmental Assistance Program (PKBL) - 39 2ab.472.167.926 7.722.977 ) 89.488 129.078) (219.249) 230.249) 18. 2010 *) Accumulated losses of Rp24.710 ) Capital Statements Unrealized Gain 12.27a.977 on Available-for432. 2003.FINANCIAL STATEMENTS FINANCIAL REPORT CORPORATE SOCIAL RESPONSIBILITY Differences CORPORATE GOVERNANCE Unrealized Gain MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD BRI 2011 SUBSIDIARIES 244 Arising from Translation of Foreign Currency Financial Statements Stock Options Appropriated 17.834.365 6.024.078) (219.078 (2.408 230. 2009 as of December as previouslygeneral and Addition to stated special reserves Impact of transition adjustments on Partnership and Environmental the implementation of SFAS Assistance Program (PKBL) No.381 Retained Earnings on Available-forSale Securities and Government Recapitalization Bonds .102 11.977 432.926 Retained Earnings Appropriated Unappropriated Total *) 7.488 2.926 2.897 12.237 Distribution of income 27d Cash dividends *) Addition tolosses of Rp24.974.694 (219.858 47.148.699.123.164.078) 17.385 27.102 27.164.710) 36.564 432.956 11.224 18. 50 (Revised 2006) and SFAS No. Issued and Additional Fully Paid Paid-in Notes Capital Capital These consolidated financial statements are originally issued in the Indonesian language.Bonds .024. unless otherwise stated) 230.249) 40.224 11.408 6.065.773.408 40.024.816 BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (continued) Years Ended December 31.878 10.878 950.488 Sale Securities and Government Recapitalization Stock .816 (950.257.974.710) Equity (2.408 Differences 2.897 (12. 9 .040.408 (2. 2010 and 2009 (Expressed in millions of Rupiah. 50 (Revised 2006) and SFAS No.472.167.stock options 2006) Exercise of 55 (Revised 2ae.349 89.673.472.195.Net of Deferred Tax 89.834.947 12.472.28 Exercise of stock options 2ab.076 11.

624 1. investment.900 (11.652.600.441.287 2.102 710.714) (6.314.305.719.482 21.389 (12.net Cash flows before changes in operating assets and liabilities Changes in operating assets and liabilities: (Increase) decrease in operating assets: Placements with Bank Indonesia and other banks Securities and Government Recapitalization Bonds at fair value through profit or loss Export bills Derivatives receivable Loans Sharia receivables and financing Other assets Increase (decrease) in operating liabilities: Liabilities due immediately Deposits: Demand deposits Wadiah demand deposits Savings deposits Wadiah savings deposits Mudharabah savings deposits Time deposits Mudharabah time deposits Deposits from other banks and financial institutions Derivatives payable Other liabilities Net Cash Provided by Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of premises and equipment Receipt of dividends Acquisition of premises and equipment Increase in available-for-sale and held-to-maturity securities and Government Recapitalization Bonds Net Cash Used in Investing Activities 2009*) MANAGEMENT DISCUSSION AND ANALYSIS 46.875 147 (511.606) CORPORATE SOCIAL RESPONSIBILITY 10.298 16. sharia expenses and other charges Recoveries of written off loans Other operating income Other operating expenses Non-operating income .679.713.274 26.191.065.718 SUBSIDIARIES 5.827) 26.282.642.715) 1. 10 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS Years Ended December 31.501) 3.912) (1.664 (1.071 27. fees and commissions and sharia income Payments of interest.142 35.711) (1.078.269.865 46.116.781 186.408 (195. 2010 and 2009 (Expressed in millions of Rupiah.FOREWORD These financial statements are originally issued in the Indonesian language.150 3.000.399) BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.245.143 4.413.901 CORPORATE GOVERNANCE 2.537 (144.968) 20.476.021.773.448.119.525.019.911 54.098) (2.138 10.783 424.390 (25.051 (41.853 (1.296.550) (212.908) (45.722.667 635.517.511) (190.711.134 (816.765) 1.844) (2.800 (209.275.759) 1.534 313.930) 500.794) 547.374) (4.924.483 1. unless otherwise stated) COMPANY PROFILE 2010 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from interest.988) 16.594 (17.036.354 15.585) 57.272 24 (441.145) (637.297 10.083. 245 .541.537) 775.427 23.686.943 560.

179.443.304 12.893.081 129.358 CORPORATE GOVERNANCE (42.977 2.989.156.532 2.967.254.798.099 8.118) 11.324) 9.674.FOREWORD These financial statements are originally issued in the Indonesian language.099 118.net of deferred tax Reclassification of stock options to additional paid-in capital *) The consolidated statements of cash flows have been reclassified (Note 47) 2009*) MANAGEMENT DISCUSSION AND ANALYSIS 38.950 (18.888.081.494.904 1.712 19.263 52.851 81.854) (522.267.674.776 997.712 10.116 82.663 118.365 (18.889 2. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) Years Ended December 31.905 81.888.788 (503.327) (7. 11 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.276 441.414 9.506.104 394.710) 37.506 (2.674.658.214. 246 .099) (4.241) 2.076 12.683 5.964.836 81.116.390 11.376.950 9.414.139.099 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 4.068.323 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.965 4.887) (2. 2010 and 2009 (Expressed in millions of Rupiah. unless otherwise stated) 2010 CASH FLOWS FROM FINANCING ACTIVITIES Increase in additional paid-in capital from exercise of stock options Increase in paid-in capital from exercise of stock options (Decrease) increase in securities sold with agreements to repurchase (Payment) proceeds from fund borrowings (Payment) receipts of subordinated loans Decrease (increase) in securities purchased with agreements to resell Distribution of income for dividends and PKBL Net Cash (Used in) Provided by Financing Activities EFFECT OF EXCHANGE RATE DIFFERENCES ARISING FROM TRANSLATION OF FOREIGN CURRENCY FINANCIAL STATEMENTS NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR Cash and cash equivalents at end of year consist of: Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks – maturing within three months or less since the acquisition date Certificates of Bank Indonesia – maturing within three months or less since the acquisition date Total Cash and Cash Equivalents SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION Activities not affecting cash flows: Loans written off Unrealized gain on available-for-sale securities and Government Recapitalization Bonds .414) 29.086 40.975.

247 FOREWORD COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS .This page is intentionally left blank ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

2003.04. 7 dated September 4.01. Establishment PT Bank Rakyat Indonesia (Persero) Tbk (hereinafter referred to as “BRI”) was established on December 18.01.. 1992 of Notary Muhani Salim. 88 dated November 4. Tahun 2008.. The change in the status of BRI to become a limited liability corporation was documented by notarial deed No.000 in the form of Government Bonds issued in 2 (two) tranches at their nominal 12 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. GENERAL a. and was approved and recorded in the database administration system by the Ministry of Laws and Human Rights in its Decision Letter No.TH. 2009. According to Article 3 of BRI’s latest Articles of Association.2003 dated October 6. in accordance with the notarial deed No. 52 year 1999 regarding the Increase in Investments in Shares by the Republic of Indonesia in State-Owned Banks. 23079 of the Republic of Indonesia State Gazette No.AH. C-23726 HT. b. 3A of the Republic of Indonesia State Gazette No. S. 1968 based on Law No. BRI’s Articles of Association were then amended by notarial deed No. 51 dated May 26.. regarding the Company’s status and compliance with the Capital Market Laws which were approved by the Ministry of Justice and Human Rights of the Republic of Indonesia in its Decision Letter No.10-33481 dated December 29. 2008 and was published in Supplement No. The latest amendment was conducted as a follow-up on the Management Stock Option Plan (MSOP) program based on the total number of exercised stock options and approval of stock split from Rp500 (full amount) per share to Rp250 (full amount) per share. AHU-48353. 73 dated September 11. S. 21 year 1992. 2003 of Notary Imas Fatimah. 2010 of Notary Fathiah Helmi.92 dated August 12. C224930.. C2-6584.HT. BRI has amended its Articles of Association.H. 1999 and notarial deed No. 1998 and was published in Supplement No.H. 2010. 11053 of the Republic of Indonesia State Gazette No. S.H.98 dated November 13. 68 dated August 25. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 248 .FOREWORD These consolidated financial statements are originally issued in the Indonesian language. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. S. and was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. Subsequently. 2008 of Notary Fathiah Helmi. AHU. 133 dated July 31. including the conduct of operating activities based on sharia principles.01.H. particularly in conducting business in the banking sector. BRI’s Articles of Association have been amended several times. On April 29. based on the Government of the Republic of Indonesia (the “Government”) Regulation No. pertaining to Article 2 on “Term of Corporate Establishment” and Article 3 on “Purpose. 1 year 1995 on “Limited Liability Company” that was approved by the Ministry of Justice of the Republic of Indonesia in its Decision Letter No. BRI received all the recapitalization with a nominal amount of Rp29.01. 7216 of the Republic of Indonesia State Gazette No.02. 1998 of Notary Imas Fatimah. set forth in Government Regulation No. 1992. in accordance with the prevailing laws and regulations.01. 21 year 1968.I on “The Main Provisions of the Articles of Association of a Company that Conduct Public Offering of Shares and Public Company”. the legal status of BRI was changed to a limited liability corporation (Persero). IX J.HT. 2010 and 2009 (Expressed in millions of Rupiah.04.TH..H. 2003 and published in Supplement No. Objectives and Business Activities” to comply with the provisions of Law No.AH. 1992. 86 dated October 26. unless otherwise stated) 1. dated August 6. Based on notarial deed No. among others to comply with the provisions of Government Regulation No. 38 dated November 24.TH. 7 dated October 3. 1992. among others. 40 year 2007 on “Limited Liability Company” and Capital Market and Financial Institution Supervisory Agency’s (“Bapepam-LK”) Regulation No. BRI’s scope of business is to conduct and support the Government’s policy and program in the economic sector and in the national development in general.149. and published in Supplement No. Recapitalization Program As realization of the Recapitalization Program for Commercial Banks. S. which have been approved by the Ministry of Laws and Human Rights of the Republic of Indonesia in its Decision Letter No.01.

Recapitalization Program (continued) amounts of Rp20.50% of shares of BRI (Note 27a). the Government determined that the recapitalization requirement amount of BRI to achieve a minimum Capital Adequacy Ratio of 4% was Rp29. Jakarta. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. On November 10.744. as stated in the Management Contract dated February 28. Jl. 2003 regarding the final amount and the implementation of the Government’s rights as a result of the additional investment of the Republic of Indonesia in the capital of BRI under the recapitalization program for commercial banks.02/2003 dated September 30. 427/KMK. and BRI.765. 381. 2010 and 2009 (Expressed in millions of Rupiah.063. the Government.000 shares under the over-subscription option and 571. the Ministry of Finance affirmed that the final recapitalization requirement of BRI amounted to Rp29.404.063. the above mentioned offered shares were initially traded at the Jakarta and Surabaya Stock Exchanges (currently the Indonesia Stock Exchange) and all shares of BRI have been simultaneously listed.811. branch offices and units: 2010 Regional Offices Inspection Offices Domestic Branch Offices Special Branch Office Overseas Branch/Representative Offices 13 18 14 409 1 3 2009 17 14 402 1 3 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2000 (Notes 9 and 27b). Structure and Management BRI’s head office is located in BRI I Building. unless otherwise stated) 1. 2003. 2003. 2003 (Note 27a).000 common shares of BRI together with oversubscription option shares and over-allotment option shares. As of December 31.176.000 shares under the over-allotment option at a price of Rp875 (full Rupiah) per share were exercised on November 10. BRI has the following regional offices. based on the registration statement dated October 31. 44-46. The Initial Public Offering consists of the International Public Offering (under Rule 144A of the Securities Act and Regulation “S”) and the Indonesian Public Offering. Initial Public Offering of Shares In relation to BRI’s Initial Public Offering (IPO) of shares. 249 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . Jenderal Sudirman Kav. S-2646/PM/2003 dated October 31. acting through the Ministry of State-Owned Enterprises agreed to conduct an Initial Public Offering of 3. the Ministry of Finance issued Decision Letter No. c. 2010 and 2009. 2001 between the Republic of Indonesia as represented by the Government through the Ministry of Finance. 2003 and December 3. 2000 and Rp8. On September 30. Therefore. respectively. d. 2001 (Notes 9 and 27a).469 in the form of Government Bonds to the Republic of Indonesia on November 5. After BRI’s IPO and the exercise of the over-subscription option and the over-allotment option by underwriters.765. GENERAL (continued) b.811.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. BRI’s initial public offering of shares consist of 3. Furthermore. the Republic of Indonesia owns 59.300 on July 25.531 (Note 27a). BRI submitted its registration to the Capital Market and Financial Institution Supervisory Agency (“Bapepam-LK”). and such registration statement became effective based on the Chairman of Bapepam-LK letter No.700 on October 31. 2003. inspection offices. Based on this Decision Letter. 2003.000 shares with a nominal value of Rp500 (full Rupiah) per share and with a selling price of Rp875 (full Rupiah) per share.531. Subsequently. BRI returned the excess of recapitalization amounting to Rp85.764.

S. 2010 and 2009 totaled 37. 2010. The number of BRI’s employees as of December 31.538 218 68 MANAGEMENT DISCUSSION AND ANALYSIS As of December 31.H. 2010 and 2009 based on the minutes of BRI’s Annual Stockholders’ General Meeting held on May 20. Small and Medium Enterprises (UMKM) : Sofyan Basir : Sarwono Sudarto : Achmad Baiquni : Sulaiman Arif Arianto : Bambang Soepeno : Agus Toni Soetirto : Lenny Sugihat Bunasor Sanim Agus Pakpahan Agus Suprijanto B. The composition of the Boards of Commissioners and Directors of BRI as of December 31. 2009. 2010 and 2009. Structure and Management (continued) 2010 Sub-branch Offices Cash Offices BRI Units Terraces Village Service Units 470 822 4. is as follows: 2010 President/Independent Commissioner Vice President/Independent Commissioner Commissioner Commissioner Independent Commissioner Independent Commissioner Independent Commissioner : Bunasor Sanim : Soedarjono : Heru Lelono : Agus Suprijanto : Adhyaksa Dault : Baridjussalam Hadi : Aviliani 2010 President Director Director of Operations Director of Finance Director of Commercial Business Director of Compliance Director of Consumer Business Director of Credit Risk Management Director of Micro. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 35 of Notary Fathiah Helmi. as stated under the notarial deed No. 2010 and 2009 (Expressed in millions of Rupiah. respectively.998 employees (unaudited).664 and 36. . as stated under the notarial deed No. GENERAL (continued) d. S. BRI has 1 (one) subsidiary PT BRISyariah and 1 (one) overseas branch located in Cayman Islands and 2 (two) agency offices located in New York and Hong Kong. unless otherwise stated) 1.H...649 617 2009 434 728 4. Kusmuljono Baridjussalam Hadi Aviliani 2009 Sofyan Basir Sarwono Sudarto Sudaryanto Sudargo Sulaiman Arif Arianto Abdul Salam Agus Toni Soetirto Lenny Sugihat 2009 BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE : Djarot Kusumayakti Bambang Soepeno FINANCIAL STATEMENTS FINANCIAL REPORT 14 250 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 52 of Notary Fathiah Helmi.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. and BRI’s Annual Stockholders’ General Meeting held on May 19. respectively. S.

2007. 2010 and 2009 based on BRI’s Commissioners’ Decision Letter No. 10/67/KEP. 2008 of Notary Fathiah Helmi. GENERAL (continued) d. 2007 of Notary Imas Fatimah. 251 . has been changed into PT Bank Syariah BRI (“BSB”). BSB obtained the approval to change its business activities from a conventional bank into a commercial bank that conduct business activities under Sharia principles. according to letters No.H. BSB is obliged to perform its business activities based on Sharia principles. 2010 and No. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Royke Singgih Dedi Budiman Hakim Syahrir Nasution Soedarjono 2009 Aviliani Bunasor Sanim H.. B. PT Bank Jasa Arta based on notarial deed No. S.. 2007 and No. Based on the Governor of Bank Indonesia’s Decision Letter No.133-KOM/10/2009 dated October 6. BSB is obliged to settle all its loan receivables and debtor or customer liabilities from the previous conventional banking activities. Structure and Management (continued) 2010 Director of Institutional Business and BUMN Director of Network and Services 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS : Asmawi Syam : Suprajarto Asmawi Syam Suprajarto The composition of BRI’s Audit Committee as of December 31.H. 2007.GBI/DpG/2008 dated October 16. S. 2007 based on Acquisition Deed No. 45 dated April 22.99875% of the issued shares of BJA and 0. is as follows: 2010 Chairman Member Member Member Member Member e. C.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.63-KOM/06/2010 dated June 15. Subsidiary On June 29.. BRI entered into a Shares Sale and Purchase Agreement with the shareholders of PT Bank Jasa Arta (“BJA”) to acquire 100% of BJA’s shares at a purchase price of Rp61 billion. Based on the minutes of BRI’s Shareholders’ Extraordinary General Meeting. : : : : : : Baridjussalam Hadi Bunasor Sanim H. During 60 (sixty) days from the decision date.H. the shareholders have approved the above acquisition of BJA and have subsequently obtained the approval of Bank Indonesia. 61 of Notary Imas Fatimah. and within a maximum of 360 (three hundred sixty) days from the decision date. S. 9/188/GBI/DPIP/Rahasia dated December 18. whereby BRI owns 99. as stated under the notarial deed No. 2009. unless otherwise stated) 1.00125% was granted to BRI’s Employee Welfare Foundation (Yayasan Kesejahteraan Pekerja BRI). This acquisition was completed on December 19. B. 3 dated September 5. C. 9/1326/DPIP/Prz dated December 28. 2008. Royke Singgih Dedi Budiman Hakim Syahrir Nasution - CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 15 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009 (Expressed in millions of Rupiah.

No. BRIS’ Articles of Association were changed several times.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.386 respectively. 2009. Total assets of BRIS as of December 31.669 or 1. SUMMARY OF ACCOUNTING POLICIES a.75% of the consolidated interest revenue. 252 . the name of PT Bank Syariah BRI was changed to PT Bank BRISyariah (“BRIS”) which have been approved by the Governor of Bank Indonesia’s Decision Letter No. obligations or expenditures from and to be operated under BSB’s responsibility as the receiving entity. 2010 and 2009 amounted to Rp6. 15 dated July 19. with effective date on January 1. 2008 on “The Spin-Off Agreement of BRI Sharia Business Unit into PT Bank Syariah BRI” of Notary Fathiah Helmi. unless otherwise stated) 1. 27. 18 dated April 14. KEP.44% of the consolidated interest revenue.06/PM/2000 dated March 13. Notary Fathiah Helmi.H. Basis of preparation of the consolidated financial statements The consolidated financial statements have been prepared using the prevailing banking industry practices and the Accounting Guidelines for Indonesian Banking (PAPI) published by Bank Indonesia and IAI and reporting guidelines prescribed by the Indonesian banking regulatory authority and the Indonesian Capital Market and Financial Institutions Supervisory Agency (BAPEPAM-LK) No. business and office activities by operation of law have been transferred to and/or operated under BSB’s benefit..165 and Rp3. and obligations based on any agreements. 2009 amounted to Rp263. S. Subsidiary (continued) On December 19. whereas total interest and sharia revenue as of December 31. Oil and Gas. The effects of the spin-off starting the effective date are: 1. All of the UUS BRI’s operations.GBI/DpG/2009 dated December 15. respectively. loss and responsibility. All of the UUS BRI’s rights. 2008 regarding the “Guidelines on Financial Statements Presentations and Disclosures for issuers or Public Companies in General Mining. VIII. S. authorities. 3. 2010 and 2009 (Expressed in millions of Rupiah. SE-02/BL/2008 dated January 31. or 1. MANAGEMENT DISCUSSION AND ANALYSIS 2. claims. CORPORATE GOVERNANCE Based on BSB’s Shareholders’ Statements of Agreement as stated in notarial deeds of Notary Fathiah Helmi. 2009. 2008. actions or existing events made. and all legal relations between UUS BRI and other parties by operation of law have been transferred to and or operated under BSB’s benefit. All assets and liabilities of UUS BRI in possession of BRI by operation of law have been transferred and became the rights or ownerships. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 16 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 amounted to Rp643. based on notarial deed No.G. 2. loss and responsibility.478 or 0. of the consolidated assets.H. S.858.7 regarding “Financial Statements Presentation Guidelines” included in the Appendix of the Decision of the Chairman of BAPEPAM-LK No. Total sharia revenue as of December 31. The last changed regarding the addition of the issued and paid up capital based on deed No. GENERAL (continued) e.H. 2000 and Circular Letter No.178. 2009.70% and 1%. performed. dated December 19. or happened on or before the effective date of the spin-off including but not limited to the stated list of assets and liabilities of UUS BRI. 11/63/KEP. 2010. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. BRI has entered into a spin-off agreement to transfer the assets and liabilities of BRI Sharia Business Unit (“UUS BRI”) into BSB. and Banking Industry”.

SFAS No. 31. 2010. Prior to January 1. SFAS No. 106 on “Accounting for Musyarakah” and SFAS 107 on “Accounting for Ijarah” which supersede SFAS No. 105 on “Accounting for Mudharabah” and SFAS No. Consolidation principles The consolidated financial statements include the financial statements of BRI and its Subsidiary whose majority shares are owned or controlled by BRI. Since January 1. 17 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Control on an entity is presumed to exist if BRI controls more than 50% of the entity’s voting rights. 102 on “Accounting for Murabahah”. or has the ability to terminate or appoint the majority of the Subsidiary’s Board of Directors. current accounts with Bank Indonesia.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. “Financial Instruments: Recognition and Measurement“. the consolidated statements of cash flows for the years ended December 31. revenue from istishna and the profit sharing from the mudharabah and musyarakah financing). 104 on “Accounting for Istishna”. The reporting currency used for the consolidated financial statements is the Indonesian Rupiah (Rp). all figures presented in the consolidated financial statements are rounded in millions of Rupiah. provided they are not being pledged as collateral for borrowings nor restricted. Unless otherwise stated. The consolidated financial statements have been prepared on a historical cost basis. 31. BRIS (subsidiary) engaged in banking activities under Sharia principles have been presented according to SFAS No. cash flows are classified into operating. and SFAS No. SFAS No. 2010 in connection with the adoption of SFAS No. cash and cash equivalents consisted only of cash. 2010 (Note 2c). The consolidated statements of cash flows are prepared using the direct method. placements with other banks and Certificates of Bank Indonesia maturing within 3 (three) months from the date of acquisition. the results of operations of a Subsidiary included in the consolidated financial statements are limited on the results as of the date on which control starts to be acquired until such control has ended. cash and cash equivalents consist of cash. “Accounting for the Banking Industry”. has been revoked effective January 1. 2010. These changes occur due to the revocation of SFAS No. presentation and disclosure for the respective topics and the Indonesia Sharia Banking Accounting Guidelines (PAPSI) issued by Bank Indonesia and IAI. effective January 1. In case where control over a Subsidiary has begun or ended within the current period. b. investing and financing activities. measurement. 50 (Revised 2006). "Accounting for the Banking Industry". 2010. 2010. SUMMARY OF ACCOUNTING POLICIES (continued) a. unless otherwise stated) 2. current accounts with other banks which are not restricted and not used as collateral. Basis of preparation of the consolidated financial statements (continued) BRI has implemented PAPI (2008 Version) in the preparation of consolidated financial statements for the year ended 2010 and implemented PAPI (2001 Version) in the preparation of the 2009 consolidated financial statements.”Financial Instruments: Presentation and Disclosure“. for purposes of the consolidated statements of cash flows. or is able to control the majority of voting rights in the management’s meeting. 2009 has been reclassified (Note 47). which was applied by BRI in the 2009 consolidated financial statements. For comparative purposes. 253 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . or is able to govern the financial and operating policies of a Subsidiary. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 101 on “Sharia Financial Statements Presentation”. and PAPI 2001. 55 (Revised 2006). current accounts with Bank Indonesia and current accounts with other banks. unless otherwise stated and under the accrual basis of accounting (except for the interest receivable on the non-performing earning assets before January 1. SFAS No. 59 on “Accounting for Sharia Banking” associated with recognition. effective also on January 1. 2010 and 2009 (Expressed in millions of Rupiah.

BRI’s financial liabilities consist of liabilities due immediately. derivatives payable. i. 2010. and SFAS No. loans. Government Recapitalization Bonds. securities sold under agreements to repurchase. 2010 and 2009 (Expressed in millions of Rupiah. The accounting policies adopted in the preparation of the consolidated financial statements have been consistently applied by the Subsidiary.  Held-to-maturity investments. “Accounting for Investments in Certain Securities Investments”. BRI classifies its financial assets in the following categories at initial recognition:  Financial assets held at fair value through profit or loss. respectively. The effect of initial adoption of SFAS No. 2010. securities. and other assets. 55 (Revised 2006) is disclosed in Note 39. c. derivatives receivable. acceptances receivable. investment in shares of stocks. 55 (Revised 2006). 50 (Revised 2006). ”Financial Instruments: Recognition and Measurement”. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. current accounts with other banks. deposits from customers. deposits from other banks and financial institutions. “Financial Instruments: Presentation and Disclosures” effective from January 1. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 18 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. acceptances payable. placements with Bank Indonesia and other banks.  Other financial liabilities.e. Financial assets and financial liabilities BRI’s financial assets consist of cash. Financial liabilities are classified into the following categories at initial recognition:  Fair value through profit or loss. which have 2 (two) subclassifications. all significant inter-company balances and transactions have been eliminated. i. Consolidation principles (continued) In the consolidated financial statements.  Available-for-sale investments. 50 (Revised 1999). current accounts with Bank Indonesia. BRI’s adopted SFAS No. which has two sub-classifications. unless otherwise stated.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. (i) Classification Starting January 1. unless otherwise stated) 2. SUMMARY OF ACCOUNTING POLICIES (continued) b. 50 (Revised 2006) and SFAS No. 55 (Revised 1999). financial assets designated as such upon initial recognition and financial assets classified as held for trading. “Accounting for Derivative Instruments and Hedging Activities” and SFAS No.e. fund borrowings. subordinated loans and other liabilities. securities purchased under agreements to resell. 254 . which replaced SFAS No. those designated as such upon initial recognition and those classified as held for trading. export bills.  Loans and receivables.

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. which are classified as held for trading. available-for-sale investments are measured at fair value with gains or losses being recognized as part of equity until the investment is derecognized or until the investment is determined to be impaired at which time the cumulative gain or loss previously reported in equity is included in the consolidated statements of income. (ii) Initial recognition a. Other financial liabilities pertain to financial liabilities that are neither held for trading nor designated at fair value through profit or loss at the inception of the liability. Held-to-maturity investments consist of quoted non-derivative financial assets with fixed or determinable payments and fixed maturity that BRI has the positive intention and ability to hold to maturity. or holds as part of a portfolio that is managed together for short-term profit or position taking. For those financial assets or financial liabilities not measured at fair value through profit or loss. Subsequently. The subsequent measurement of financial assets and financial liabilities depends on their classification. and those that BRI upon initial recognition designates at fair value through profit or loss.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The effective yield and (where applicable) results of foreign exchange restatement for available-forsale investments are reported in the statements of income. other than:  those that BRI intends to sell immediately or in the short term. the fair value is added with directly attributable transaction costs. which shall be classified as available-forsale. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 19 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BRI. upon initial recognition may designate certain financial assets. other than because of loans and receivables deterioration. After initial recognition. Financial assets and financial liabilities are initially recognized at fair value.  those that BRI upon initial recognition designates as available-for-sale investments.  those for which BRI may not recover substantially all of its initial investment. 255 . Investments intended to be held for an undetermined period are not included in this classification. this designation cannot be changed. The available-for-sale investments consist of non-derivative financial assets that are designated as available-for-sale or are not classified in one of the other categories of financial assets. b. unless otherwise stated) 2. Financial assets and financial liabilities (continued) (i) Classification (continued) Held for trading are those assets and liabilities that BRI acquires or incurs principally for the purpose of selling or repurchasing in the near term. Purchase or sale of financial assets that require delivery of assets within a time frame established by regulation or convention in the market (regular purchases) are recognized at the settlement date. SUMMARY OF ACCOUNTING POLICIES (continued) c. 2010 and 2009 (Expressed in millions of Rupiah. at fair value through profit or loss (fair value option). PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.

while the derivatives are measured at fair value through profit or loss. or . when the obligation under the liability is discharged.e. The fair value option is also applied to investment funds that are part of a portfolio managed on a fair value basis. the fair value option is applied to structured investments that include embedded derivatives. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 256 . (iv) Derecognition a. but has transferred control of the assets. and the difference in the respective carrying amounts is recognized in the statements of income. Where an existing financial liability is replaced by another from the same lender on substantially different terms. When BRI has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement and has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset. Financial assets and financial liabilities (continued) (ii) Initial recognition (continued) According to SFAS No. but for which the hedge accounting conditions are not fulfilled. Financial assets are derecognized when: . cancelled. Furthermore. i. SUMMARY OF ACCOUNTING POLICIES (continued) c. b. MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The fair value option is applied to certain loans and receivables that are hedged with credit derivatives or interest rate swaps. Financial liabilities are derecognized when they are extinguished. or the terms of an existing liability are substantially modified. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. the asset is recognized to the extent of BRI’s continuing involvement in the asset. such an exchange or modification is treated as derecognition of the original liability and the recognition of a new liability.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. or the financial assets are part of a portfolio of financial instruments the risk of which are managed and reported to key management on a fair value basis. (iii) Subsequent measurement Available-for-sale financial assets and financial assets and liabilities held at fair value through profit or loss are subsequently measured at fair value. 55 (Revised 2006). the loans would be accounted for at amortized cost. If not. Loans and receivables and held-to-maturity investments and other financial liabilities are measured at amortized cost using the effective interest method. 2010 and 2009 (Expressed in millions of Rupiah. or expired. or (b) BRI has neither transferred nor retained substantially all the risks and rewards of the assets. or the financial assets consist of a host contract and an embedded derivative that must be bifurcated. and either (a) BRI has substantially transferred all the risks and rewards of the assets. 20 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. the fair value option is only applied when the following conditions are met:    the application of the fair value option reduces or eliminates an accounting mismatch that would otherwise arise.the contractual rights to receive cash flows from the financial assets have expired. unless otherwise stated) 2.BRI has transferred its rights to receive cash flows from the financial assets or has assumed an obligation to pay the cash flows in full without material delay to a third party under a “pass-through” arrangement.

until the financial asset is derecognized or impaired. When a loan is deemed uncollectible. Financial assets and financial liabilities (continued) (iv) Derecognition (continued) b.e. Gains and losses arising from changes in the fair value of the financial assets and liabilities held at fair value through profit or loss are included in the statements of income. (v) Income and expense recognition a. (vi) Reclassification of financial assets BRI is not allowed to reclassify any financial instrument out of or into the fair value through profit or loss category while it is held or issued. occur after BRI has collected substantially all of the original principal of the financial assets through scheduled payments or prepayments. when the obligation under the liability is discharged. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 21 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Financial liabilities are derecognized when they are extinguished. are attributable to an isolated event that is beyond BRI’s control. b. interest income and interest expense are recognized in the consolidated statements of income using the effective interest rate. Gains and losses arising from changes in the fair value of available-for-sale financial assets other than foreign exchange gains or losses from monetary items are recognized directly in equity. Loans are written off when there is no realistic prospect of collection in the near future or the normal relationship between BRI and the borrowers has ceased to exist. or c.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. or expired (continued). it is written off against the related allowance for impairment losses. cancelled. 2010 and 2009 (Expressed in millions of Rupiah. 257 . Available-for-sale investments and financial assets and liabilities measured at amortized cost. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. unless otherwise stated) 2. is non-recurring and could not have been reasonably anticipated by BRI. during the current financial year or during the 2 (two) preceding financial years. Unrealized gains or losses are recorded in the equity section until the financial assets are derecognized. BRI cannot classify any financial assets as held-to-maturity if the entity has. SUMMARY OF ACCOUNTING POLICIES (continued) c. When a financial asset is derecognized or impaired. the cumulative gains or losses previously recognized in equity is recognized in the statements of income. Reclassification of financial assets from held-to-maturity classification to available-for-sale are recorded at fair value. sold or reclassified a significant amount of held-to-maturity investments before maturity (more than an insignificant in relation to the total amount of held-to-maturity investments) other than sales or reclassifications that: a. are so close to maturity or the financial asset’s repurchase date that changes in the market rate of interest would not have a significant effect on the financial asset’s fair value. i. b.

2010 and 2009 (Expressed in millions of Rupiah. inputs into models are generally market-observable. When BRI’s credit spread widens. minus principal repayments. such as exchange value options and currency swaps. broker. unlisted debt securities (including those with embedded derivatives) and other debt instruments for which markets were or have become illiquid. For these financial instruments. plus or minus the cumulative amortization using the effective interest method of any difference between the initial amount recognized and the maturity amount. (viii) Amortized cost measurement The amortized cost of a financial asset or liability is the amount at which the financial asset or liability is measured at initial recognition. A market is regarded as active if quoted prices are readily and regularly available from an exchange. BRI has a legal right to set off the amounts and intends either to settle on a net basis or to realize the asset and settle the liability simultaneously. BRI uses internally developed models. which are usually based on valuation methods and techniques generally recognized as standard within the industry. For more complex instruments. or a liability settled. pricing service or regulatory agency and those prices represent actual and regularly occurring market transaction on an arm’s length basis. willing parties in an arm’s length transaction on the measurement date. For financial instruments with no quoted market price. When available. a reasonable estimate of the fair value is determined by reference to the fair value of another instrument which substantially has the same characteristics or calculated based on the expected cash flows of the underlying net asset base of the securities. Some of the inputs to these models may not be market observable and are therefore estimated based on assumptions. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 22 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. (ix) Fair value measurement The fair value is the amount for which an asset could be exchanged. When BRI’s credit spread becomes narrow. between knowledgeable. industry group. and only when. BRI uses widely recognized valuation models for determining fair values of financial instruments of lower complexity. 258 . BRI uses its own credit risk spreads in determining the fair value for its derivative liabilities and all other liabilities for which it has elected the fair value option. Income and expenses are presented on a net basis only when permitted by the accounting standards. unless otherwise stated) 2. this include the fair value obtained from IDMA’s (Interdealer Market Association) quoted market prices or broker’s quoted price from Bloomberg and Reuters on the measurement date. If a market for a financial instrument is not active. minus any reduction for impairment. Valuation models are used primarily to value derivatives transacted in the over-thecounter market. BRI establishes fair value using a valuation technique. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. BRI recognises a gain on these liabilities. Financial assets and financial liabilities (continued) (vii) Offsetting Financial assets and liabilities are set off and the net amount is presented in the consolidated balance sheet when. BRI recognises a loss on these liabilities because the value of the liabilities has increased. dealer. BRI measures the fair value of an instrument using quoted prices in an active market for that instrument. SUMMARY OF ACCOUNTING POLICIES (continued) c. because the value of the liabilities has decreased.

2010 and 2009 (Expressed in millions of Rupiah. liquidity and costs. the valuation is undertaken in accordance with the related SFAS. For certain assets and liabilities. 2003 (Note 3). S. the stockholders approved in principle the quasi-reorganization plan of BRI as of June 30. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 23 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Prior to January 1.. the instruments are carried at cost less impairment value. 259 . financial assets and long positions are measured at bid price. Where BRI has consolidated assets & liabilities positions with off-setting market risk. The fair values of contingent liabilities and irrevocable loan commitments correspond to their carrying amounts.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. quasi-reorganization is an accounting procedure which will enable an enterprise to restructure its equity by eliminating accumulated losses and revaluing all its assets and liabilities based on fair values without a legal re-organization. Based on BRI’s Stockholders’ Extraordinary General Meeting held on October 3. The estimated fair values of assets and liabilities of BRI under the quasi-reorganization was determined based on the best information available in accordance with the characteristics of the related assets and liabilities. unless otherwise stated) 2. The fair value for loans and receivables as well as liabilities to banks and customers are determined using a present value model on the basis of contractually agreed cash flows. related controls and procedures applied. d. SUMMARY OF ACCOUNTING POLICIES (continued) c. Based on the established fair value valuation technique policy. the estimated fair value is determined based on the market values of similar types of assets. with additional factors such as model risks. particularly in view of the current market developments.H. Starting January 1. 6 dated the same date of Notary Imas Fatimah. Valuations are therefore adjusted. BRI’s management believes that these valuation adjustments are necessary and considered appropriate to fairly state the values of financial instruments measured at fair value in the consolidated balance sheet. 51 on “Accounting for Quasi-reorganization”. with consideration on the level of risks or market values of the related assets and liabilities. If the market value is not available. financial assets and liabilities as well as long and short positions were measured at mid price. In cases when the fair value of unlisted equity instruments cannot be determined reliably. liquidity risk and counterparty credit risk. if necessary. 2003 notarized under deed No. financial liabilities and short positions are measured at ask price. and the valuation technique employed may not fully reflect all factors relevant to the positions that BRI holds. middle-market prices can be used to measure the off-setting risk positions and bid or ask price adjustment is applied to the net open positions as appropriate. 2010. taking into account credit quality. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. estimated present value or discounted cash flows. Price data and parameters used in the measurement procedures applied are generally reviewed carefully and adjusted. 2010. the company will have a fresh start with a balance sheet showing current values without accumulated losses as the accumulated losses are eliminated against the additional paid-in capital account. Financial assets and financial liabilities (continued) (ix) Fair value measurement (continued) The output of a valuation technique is an estimate or approximation of a value that cannot be determined with certainty. Under quasi-reorganization. Quasi-reorganization Based on SFAS No.

directly or indirectly. directly or indirectly. are not considered as transactions with related parties. based on SFAS No. 7 on “Related Party Disclosures”. SUMMARY OF ACCOUNTING POLICIES (continued) d. All significant transactions with related parties. have been disclosed in the consolidated financial statements. the reporting enterprise (including holding companies. whether or not made under normal terms and conditions as those conducted with third parties. unless otherwise stated) 2. Directors and Managers of the enterprise and close members of the families of such individuals. that is. through one or more intermediaries. directing and controlling the activities of the reporting enterprise. This definition includes enterprises owned by the Commissioners. or are under common control with. an interest in the voting power of the reporting enterprise that gives them significant influence over the enterprise. 5/105/DPwB2/PwB24 dated September 19. in the implementation of quasi-reorganization. . Quasi-reorganization (continued) BRI revalued its assets and liabilities in conjunction with the quasi-reorganization as of June 30. and 5) enterprises in which a substantial interest in the voting power is owned.699. by any persons described in point 3) or 4) above. Based on SFAS No. Directors or major stockholders of the reporting enterprise and enterprises that have a common member of key management as in the reporting enterprise. in its letter No. 4) key management personnel.387 as of June 30. related parties are defined as follows: 1) enterprises that. 2003. subsidiaries and fellow subsidiaries). Transactions with related parties In accordance with SFAS No. e. 2010 and 2009 (Expressed in millions of Rupiah. 7. As a result of the above quasi-reorganization. 21 on “Accounting for Equity”. BRI’s deficit was eliminated against the additional paid-in capital account which amounted to Rp24. including Commissioners. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 24 260 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2003. Bank Indonesia. Since the fair value of net assets (total assets less total liabilities) of BRI is higher than their book value.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. control or are controlled by. BRI should refer to SFAS No. 51 (before revision in 2003) and with consideration to other related aspects in implementing the quasi-reorganization. or over which such a person is able to exercise significant influence on the enterprises. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. and close members of the family of any such individuals (close members of a family are defined as those members who are able to exercise influence or can be influenced by such individuals in their transactions with the reporting enterprise). 2) associated companies. those persons having authority and responsibility for planning. BRI did not recognize the excess of such net assets against accumulated losses and used the book values of the assets and liabilities at the implementation of quasi-reorganization. 51 (before revision in 2003) and SFAS No. transactions among BRI and the Government and other stateowned (BUMN) or controlled companies including the Deposit Insurance Corporation (a new institution which replaced the Government Guarantee Implementation Unit). 2003 stated that in undertaking the quasi-reorganization. 3) individuals owning.

for economic or legal reasons relating to the borrower’s financial difficulty. BRI first assesses whether objective evidence of impairment exists individually for financial assets that are individually significant. Loans which individually have significant value and objective evidence of impairment. including: 1) adverse changes in the payment status of borrowers in the portfolio. although the decrease cannot yet be identified with the individual financial assets in the portfolio. doubtful and loss. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. it becomes probable that the borrower will enter bankruptcy or other financial reorganisation. the lender. SUBSIDIARIES Based on the above criteria. the periods used vary between 3 months and 12 months. or (b) Restructured corporate and middle loans. Accounts that are individually assessed for impairment and for which an impairment loss is or continues to be recognized are not included in the collective assesment of impairment. longer periods are warranted. and 2) national or local conditions that correlate with defaults on the assets in the portfolio. In general. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies Starting January 1. in exceptional cases. such as a default or delinquency in interest or principal payments. the Bank assesses whether there is objective evidence that financial assets not carried at fair value through profit or loss are impaired. BRI determines loans to be evaluated for impairment through individual evaluation if one of the following criteria is met: 1. 2010 and 2009 (Expressed in millions of Rupiah. grants the borrower a concession that the lender would not otherwise consider. 261 . and individually or collectively for financial assets that are not individually significant. or observable data indicating that there is a measurable decrease in the estimated future cash flows from a portfolio of financial assets since the initial recognition of those assets. The criteria used by the entity to determine that there is objective evidence of an impairment loss include: a) b) c) d) e) f) significant financial difficulty of the issuer or obligor. a breach of contract. and that the loss event has an impact on the future cash flow on the asset that can be estimated reliably. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The estimated period between the occurrence of the event and identification of loss is determined by management for each identified portfolio. If BRI determines that no objective evidence of impairment exists for an individually assessed financial asset. SUMMARY OF ACCOUNTING POLICIES (continued) f. it includes the asset in a group of financial assets with similar credit risk characteristics and collectively assesses them for impairment. 2. the disappearance of an active market for that financial asset because of financial difficulties. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 25 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. unless otherwise stated) 2. Financial assets are impaired when objective evidence demonstrates that loss event has occurred after the initial recognition of the asset. BRI performs individual assessment for: (a) Corporate and middle loans with collectability classification as substandard.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. whether significant or not. 2010 At each balance sheet date. Restructured loans which individually have significant value.

FOREWORD These consolidated financial statements are originally issued in the Indonesian language. . As for the loans having adequate historical loss data and information such as for loans located in areas that have experienced both natural and social disasters. 2. MANAGEMENT DISCUSSION AND ANALYSIS Based on the above criteria. then the calculation of allowance for impairment losses is done by calculating the overall loss rate which covers the actual loss rate plus the adjustment by BRI through periodic surveys both internal and external. 11/33/DPNP dated December 8. 11/33/DPNP dated December 8. doubtful and loss is calculated after deducting the value of allowable collateral in accordance with Bank Indonesia regulations. 2. BRI determines the allowance for collective impairment losses of loans with reference to general allowance and specific allowance in accordance with Bank Indonesia regulations regarding the assessment of commercial banks’ asset quality. BRI may measure impairment on the basis of an instrument’s fair value using an observable market price. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) BRI determines loans to be evaluated for impairment through collective evaluation if one of the following criteria is met: 1. 2009.e. i. “The Amendment to Bank Indonesia Circular Letter No. In assessing collective impairment. the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. and have never been restructured. In accordance with aforementioned SE-BI. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Restructured loans which individually have insignificant value. As a practical guideline. or (b) Retail and consumer loans. 2010 and 2009 (Expressed in millions of Rupiah. the calculation of the present value of the estimated future cash FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 26 262 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and still categorized as a disaster prone areas by the Government of the Republic of Indonesia. Collective allowance for loans classified as special mention. BRI uses the fair value of collateral as the basis for future cash flow if one of the following conditions is met: 1. Impairment losses on financial assets carried at amortized cost are measured as the difference between the carrying amount of the financial assets and present value of estimated future cash flows discounted at the financial assets original effective interest rate. Foreclosure of collateral is most likely to occur and supported by legally binding collateral agreement. unless otherwise stated) 2. the transition rule for collective impairment calculation on loans can be applied until December 31. 11/4/DPNP dated January 27. 2011. the Bank applies Bank Indonesia Circular Letter No. substandard. If a loan or held-to-maturity securities and Government Bonds have a variable interest rate. BRI performs collective assessment for: (a) Corporate and middle loans with collectability classification as current and special mention. 2009 (SE-BI). 2009 on the Implementation of Accounting and Reporting Guidelines for Indonesian Banking Industry” for loans which have no adequate historical loss data and information. SUMMARY OF ACCOUNTING POLICIES (continued) f. In accordance with the Appendix to the Bank Indonesia Circular Letter No. Loans which individually have significant value and there is no objective evidence of impairment. The calculations of allowance for impairment losses is based on carrying amount (amortized cost). Loans which individually have insignificant value. Loans are collateral dependent. if the source of loans repayment is made only from the collateral. 3.

relating to the implementation of Statement of Financial Accounting Standards (SFAS) No. 9/9/2007 dated June 18. Impairment losses recognized in the statements of income on investments in investment in shares of stocks classified as available-for-sale should not be recovered through the statements of income. If. net of any principal repayment and amortization. specifically for the provision of allowance for impairment losses. it is reiterated that allowance for losses on off-balance sheet accounts and non-earning assets shall be established based on PBI No. a significant or prolonged decline in the fair value of the security below its cost is objective evidence of impairment resulting in the recognition of an impairment loss. the amount of allowance for impairment losses is decreased and the decrease can be related objectively to an event that occurred after the recognition of the impairment losses (i. 12/516/DPNP/DPnP dated September 21. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. The reversal amount of financial assets is recognized in the statements of income. in the next period. unless otherwise stated) 2. Interest income on the impaired financial assets continues to be recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. Losses are recognized in the statements of income and reflected in an allowance for impairment losses account against financial assets carried at amortized cost. The cumulative loss that has been removed from equity and recognized in the statements of income is the difference between the acquisition costs. Recoveries of written-off loans from previous years are recorded as operational income other than interest income. upgrade debtor’s or issuer’s collectability). 27 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) flows of a collateralized financial asset reflect the cash flows that may result from foreclosure less costs for obtaining and selling the collateral. 263 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . BRIS applies PBI No. 2006 as amended by PBI No. If the terms of the loans. SUMMARY OF ACCOUNTING POLICIES (continued) f. whether or not foreclosure is probable. impairment is measured using the original effective interest rate before the modification of terms. BRI assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired. therefore the impairment loss that was previously recognized has to be reversed. by adjusting the allowance account. 2005 regarding Asset Quality Rating for Commercial Banks which has been amended by Regulation No. When a subsequent event causes the amount of impairment loss to decrease. In the case of equity instruments classified as available-for-sale. If in a subsequent period. 11/2/PBI/2009 (Asset Quality PBI). For financial assets classified as available-for-sale.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The recoveries of written-off financial assets in the current year are credited by adjusting the allowance for impairment losses accounts. receivables or held-to-maturity securities are renegotiated or otherwise modified because of financial difficulties of the borrower or issuer. the fair value of debt instrument classified as available-for-sale securities increases and the increase can be objectively related to an event occurring after the impairment loss was recognized in the statements of income. 2010. Based on Bank Indonesia Circular letter No. and the current fair value. less any impairment loss previously recognized in the consolidated statements of income.e. the impairment loss previously recognized is reversed through the statements of income. 2010 and 2009 (Expressed in millions of Rupiah. 55 on Financial Instruments: Recognition and Measurement. with the amount of reversal recognized in the statements of income. 8/21/PBI/2006 dated October 5. the impairment loss is reversed. Impairment losses on available-for-sale marketable securities are recognized by transferring the cumulative loss that has been recognized directly in equity to the statements of income. For the financial assets of the Subsidiary that is engaged in Sharia Banking. 2007 for determination of impairment loss. 7/2/PBI/2005 dated January 20.

“Doubtful” or “Loss”. doubtful or loss is based on PBI No. gold. the classification as determined by other commercial banks on earning assets drawn from more than one bank. and also further considering other aspects such as the classification based on Bank Indonesia audit results. 11/2/PBI/2009 dated January 29. savings deposits. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. sub-standard. In connection with this provision. securities purchased under agreements to resell. the requirement of Bank Indonesia (BI) regarding the Allowance for Losses on Assets and Estimated Losses on Commitments and Contingencies bearing credit risk is used as reference. among others. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) Prior to January 1. investment in shares of stocks and commitments and contingencies on off-balance sheet accounts with credit risk. SUMMARY OF ACCOUNTING POLICIES (continued) f. and the availability of the debtor’s audited financial statements. securities. which has been increased from the previous amount of up to Rp500 million to become an amount of up to Rp1 billion. placements with other banks and Bank Indonesia. special mention.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. thereby no need to record allowance for impairment losses and also the extent of the expiry time limit of appraisal for collateral used as deduction from allowance for impairment losses. letters of credit. 8/2/PBI/2006 dated January 30. 2010 and 2009 (Expressed in millions of Rupiah. standby letters of credit and unused loan facilities granted to customers. Certificates of Bank Indonesia or Government Debentures (Government Bonds and Government Recapitalization Bonds). 2005 on “Assessment of the Quality of Commercial Bank Assets”. derivatives receivable. non-earning assets and estimated losses on commitments and contingencies is calculated considering the above mentioned PBI. 2010 BRI provides allowance for impairment losses on its earning assets and estimated losses on commitments and contingencies based upon a regular review and evaluation of individual debtor’s exposures. unless otherwise stated) 2. assets are classified into performing assets as “Current” or “Special Mention”. The classification of assets as current. acceptances receivable. at a minimum of 1% of earning assets classified as Current. time deposits. . abandoned properties. whereby certain articles have been amended by PBI No. performance and ability to repay. 11/2/PBI/2009 among others regarding the limit of credit and other funding whose quality assessment was only measured based on the timely payment of principal and/or interest. The amendment on PBI No. bills and other receivables. 2007 and PBI No. loans. The recognition of minimum allowance for impairment losses in accordance with the above PBI is as follows: 1) General reserve. 2006 and PBI No. Non-earning assets are bank assets which have a potential loss and include. 9/6/PBI/2007 dated March 30. security deposits. Earning assets consist of current accounts with other banks. Government Bonds. 2009 which consider management’s evaluation of each debtor’s business prospects. The minimum allowance for impairment losses on earning assets. Commitments and contingencies on off-balance sheet accounts include. guarantees of Government in FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 28 264 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. except for earning assets guaranteed with cash collaterals such as demand deposits. inter-office accounts and suspense accounts. but are not limited to issued guarantees. but are not limited to foreclosed collaterals. and non-performing assets as “Sub-standard”. 7/2/PBI/2005 dated January 20. Based on Bank Indonesia Regulation (PBI). Property which has been effectively used for the purpose of banking business for more than 50% is not categorized as abandoned property.

The allowance for possible losses on commitments and contingencies is presented as a liability in the consolidated balance sheets under “Estimated Losses on Commitments and Contingencies”. c) 50% of earning assets classified as Doubtful. on the other hand for land and buildings used as residence which do not exceed a period of 30 (thirty) months if appraised by an independent appraiser and not more than 24 (twenty-four) months if appraised by an internal appraiser. 2006 wherein certain of the articles have been amended by Regulation No. SUMMARY OF ACCOUNTING POLICIES (continued) f. The guidelines for the provisioning of earning assets and the determination of the quality of earning assets of BRIS are based on PBI No. The outstanding balance of earning assets is written off against the respective allowance for possible losses when management believes that such earning assets are no longer collectible. g. aircrafts. net of deductible collateral. If there is excess from the recovery of the loan principal. Current accounts with Bank Indonesia and other banks Starting January 1. The recovery of earning assets previously written off is recorded as addition to the allowance/estimate for impairment losses during the current year. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 29 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. buildings. inventories and warehouse receipts which are not more than 24 (twenty-four) months. net of deductible collateral. The use of collateral value as deduction is made in the calculation of allowance for impairment losses only for earning assets. 8/21/PBI/2006 dated October 5. such excess will be recognized as interest income. net of deductible collateral. and d) 100% of earning assets classified as Loss. current accounts with Bank Indonesia and other banks are stated at amortized cost using the effective interest rate method less allowance for impairment losses. machinery that are installed on land. dated June 18. 2010 and 2009 (Expressed in millions of Rupiah. 10/24/PBI/2008 dated October 16. motorcycles. Prior to January 1. residential houses. standby letters of credit from a prime bank which is issued in accordance with the prevailing Uniform Customs and Practice for Documentary Credit (UCP) or International Standard Practices (ISP). 2008 regarding Asset Quality Rating for Commercial Banks Conducting Business Based on Sharia Principles. Current accounts with other banks are stated at their outstanding balances less allowance for impairment losses. net of allowance for impairment losses. unless otherwise stated) 2. current accounts with Bank Indonesia are stated at the outstanding balance. 2) Special reserve. at a minimum of: a) 5% of earning assets classified as Special Mention. certain percentage of land. 2007 and PBI No. b) 15% of earning assets classified as Sub-standard. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010. 265 . Deductible collateral from the calculation of provision for possible losses on earning assets and estimated losses on commitments and contingencies include securities and shares which are traded actively in the Indonesia Stock Exchange or have the highest investment rating. Allowance for impairment losses on financial assets and estimated losses on commitments and contingencies (continued) accordance with the prevailing laws and regulations. The current accounts with Bank Indonesia and other banks are classified as loans and receivables. 2010. Appraisal for the loan principal above Rp5 billion should be conducted by an independent appraiser.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. net of deductible collateral. ships. up to 50% of the value of securities listed in the stock exchange at month-end. 9/9/PBI/2007.

. Prior to January 1. Securities include bonds issued by the Government that are not related with the recapitalization program such as Government Debentures (Surat Utang Negara or SUN). medium term notes. 2010. 2) Securities and Government Recapitalization Bonds classified as held for trading are stated at BRI 2011 3) Securities and Government Recapitalization Bonds classified as available-for-sale FINANCIAL STATEMENTS FINANCIAL REPORT investments are stated at fair value. i. 55 (Revised 2006). After the initial recognition. mutual fund units. placements with Bank Indonesia are stated at their outstanding balances. Foreign exchange gains or losses on available-for-sale securities and Government Recapitalization Bonds are recognized in the consolidated statements of income. guaranteed notes US Treasury Bonds. The value of securities and Government Recapitalization Bonds is stated based on the classification as follows: CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 1) Held-to-maturity securities and Government Recapitalization Bonds are carried at amortized SUBSIDIARIES cost using the effective interest method. notes receivable. sold or reclassified more than an insignificant amount of held-to-maturity securities or Government Recapitalization Bonds before maturity other than sales or reclassifications that are defined in SFAS No. Placements with Bank Indonesia and other banks Placements with Bank Indonesia and other banks are placements of funds with Bank Indonesia in the form of Bank Indonesia Deposit Facilities (Fasilitas Simpanan Bank Indonesia/FASBI) and Fine Tune Kontraksi (FTK). during the current financial year or during the two preceding financial years. Sharia Certificates of Bank Indonesia.e. Government Treasury Bills (Surat Perbendaharaan Negara or SPN) and Government Bonds in foreign currency purchased from primary and secondary markets. BRI does not classify securities or Government Recapitalization Bonds as held-to-maturity financial assets if BRI has. net of allowance for impairment losses. Placements with other banks are stated at their outstanding balances. Placements with Bank Indonesia and other banks are classified as loans and receivables. fair value. Starting January 1. Starting January 1. fair value through profit or loss or available-for-sale. credit-linked notes and bonds traded in the stock exchange. Securities and Government Recapitalization Bonds Securities consist of securities traded in the money market such as Certificates of Bank Indonesia. Government Bonds. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010. placements with Bank Indonesia and other banks are stated at amortized cost using the effective interest rate method less allowance for impairment losses. Government Recapitalization Bonds are bonds issued by the Government in connection with the recapitalization program for commercial banks which consist of bonds under BRI’s recapitalization and Government Recapitalization Bonds purchased from the secondary market. subordinated notes. net of unamortized interest. unless otherwise stated) 2. 30 266 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. as held-to-maturity. i. 2010 and 2009 (Expressed in millions of Rupiah. 2010 Securities and Government Recapitalization Bonds are initially measured at fair value. the securities and Government Recapitalization Bonds are recorded according to their category. Gains and losses from changes in fair value of securities and Government Recapitalization Bonds are recognized in the consolidated statements of income. Interest income is recognized in the consolidated statements of income using the effective interest rate method.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. while placements of funds with other banks represent placements of funds in the form of inter-bank call money and time deposits. SUMMARY OF ACCOUNTING POLICIES (continued) h.

Securities and Government Recapitalization Bonds (continued) Starting January 1. Securities are presented at their net values after deducting the allowance for possible losses and unamortized premium or discount. whereby the cumulative gains and losses previously recognized in equity are recognized in the consolidated statements of income. 2010 (continued) Other fair value changes are recognized directly in equity until the securities and Government Bonds are sold or impaired. Buy and sell transactions of securities for customers and for BRI itself are recognized in the consolidated financial statements when the agreements of the securities transactions arise. the difference between the selling price and their carrying fair value is recorded as realized gain or loss on sale. j. 31 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. unless otherwise stated) 2. Upon sale of the securities and Government Recapitalization Bonds held for trading. Prior to January 1. Export bills Export bills represent negotiated export bills that have been discounted and guaranteed by other banks. SUMMARY OF ACCOUNTING POLICIES (continued) i. stated at fair value. an estimate of the fair value of the securities is determined by reference to the fair value of other instruments which are substantially the same or are calculated based on the expected cash flows of the underlying net asset base of such securities or using the expected market yield approach. adjusted for accretion (subtraction) of amortized premium (discount). 2010 Securities and Government Recapitalization Bonds are classified based on management’s intention at acquisition date and based on the following classifications under SFAS No. 2) Securities and Government Recapitalization Bonds designated as held-to-maturity are carried at cost. 2010 and 2009 (Expressed in millions of Rupiah. such fair value is generally determined by reference to quoted market bid prices by the stock exchange at the date that is close to the balance sheet date.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. if any. Those unrealized gains (losses) consolidated statements of income upon realization. Securities are derecognized in the consolidated balance sheets when BRI has transferred all significant risks and benefits of these securities. The premium and discount is amortized using the straight-line method. 267 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . For securities which have no quoted market price. and then adjusted for transaction costs necessary to acquire such assets. The permanent decline in fair value of the held-to-maturity and available-for-sale securities is charged to the current year’s consolidated statements of income. 3) Available-for-sale securities and Government Recapitalization Bonds are Unrealized gains (losses) resulting from the increase (decrease) in recognized in the current year’s consolidated statement of income separately as a component of equity. Unrealized gains (losses) resulting from the increase (decrease) in fair value is reported in the current year’s consolidated statement of income. 50 on “Accounting for Certain Investments in Securities” as follows: 1) Securities and Government Recapitalization Bonds for trading purposes are stated at fair value. fair value are not but are presented are reported in the COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY For securities which are traded in organized financial markets.

The discount arising from export bills has been directly recorded in full in the current year’s consolidated statements of income as the amount is immaterial. Loans Loans represent the lending of money or equivalent receivables under contracts or borrowing and lending commitments with borrowers. BRI should record the effects of the restructuring prospectively and not change the carrying value of the loan receivable at the time of restructuring. Starting January 1. Export bills (continued) Starting January 1. whereby the borrowers are required to repay their debts with interest after a specified time. 2010 Loans are stated at their outstanding balance less allowance for impairment losses. Loans extended under syndication agreements are recognized at the nominal amount to the extent of the risks borne by BRI. except if the recorded amount exceeds the total future cash receipts specified by the new terms. whereby BRIS finances the investment and working capital needs of the customer sold with a principal price increased by the margin that is mutually informed and agreed. 2010. Sharia financing consist of mudharabah and musyarakah financing. Murabahah receivables are stated at net realizable value. and not involving the receipt of assets (including receipt of shares) from the debtor. 268 . Murabahah is a sale purchase contract between the customer and BRIS. Sharia receivables and financing Sharia receivables are receivables resulting from sale purchase transactions based on murabahah.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. For the restructuring of non-performing loans involving the modification of terms (e. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 Loans are initially measured at fair value plus transaction costs that are directly attributable and additional costs to obtain financial assets. Repayment on this financing is conducted by installments within a specified period. Deferred Murabahah margin is presented as a contra account of Murabahah receivables. The deduction amount is recorded as loss in the current year’s consolidated statements of income. SUMMARY OF ACCOUNTING POLICIES (continued) j. Prior to January 1. export bills are stated at amortized cost less allowance for impairment losses. which is. Prior to January 1. the balance of the receivables less allowance for impairment losses. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 32 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.g. k. export bills are stated at acquisition cost after deducting the discount and allowance for impairment losses. unless otherwise stated) 2. istishna and ijarah contracts. l. 2010 and 2009 (Expressed in millions of Rupiah. Export bills are clasified as loans and receivables. Loans are classified as loans and receivables. and after initial recognition are measured at amortized cost based on the effective interest rate method less allowance for impairment losses. 2010. modification of interest rate and extension of payment maturity date).

SUMMARY OF ACCOUNTING POLICIES (continued) l. Acceptances receivable are classified as loans and receivables. Acceptances payable are classified as financial liabilities at amortized cost.mashnu (order goods) in accordance with the required specifications by the buyer and sells them at the agreed price. Under this method. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Investment in shares of stocks with an ownership interest of less than 20% are carried at cost reduced by allowance for impairment losses. acceptances receivable are stated at nominal amount or realized value of the L/C net of allowance for impairment losses. Ijarah is a leasing agreement between the muajjir (lessor) with the musta’jir (lessee) on ma’jur (lease items) to obtain the benefits on the items that are being leased. Mudharabah financing is stated at the outstanding balance of the financing less allowance for impairment losses.shani (producer who also acts as seller). while acceptances payable are stated at nominal amount or realized value of the L/C. the investments are stated at acquisition cost increased or decreased by the share in the net earnings or losses of the associate companies based on the percentage of ownership and reduced by dividends received since the acquisition date. Musyarakah financing is an agreement between the investors (mitra musyarakah) to combine their capital and conduct a joint business in a partnership with the profit or loss sharing based on an agreement or proportionate with the capital contribution. m. acceptances receivable and payable are stated at amortized cost. 2010. Investment in shares of stocks with an ownership interest of 20% up to 50% and more than 50% are recorded based on the equity method. Musyarakah financing is stated at the outstanding balance of the financing less allowance for impairment losses. Prior to January 1. Sharia receivables and financing (continued) Istishna is a sale contract between al .mustashni (buyer) and al . Acceptances receivable and payable Acceptances receivable and payable represent letters of credit (L/C) transactions that have been accepted by the accepting bank. The bank provides allowance for impairment losses based on the quality of the financing as determined by a review of each individual account. Investment in shares of stocks Investment in shares of stocks represent investment of funds in the form of shares in non-publiclylisted companies engaged in financing activities for long-term investment purposes. Allowance for impairment losses is provided based on the quality of the financing as determined by a review of each individual account. Based on such contract. 2010. The profit sharing from such project or business is distributed according to a predetermined ratio (nisbah). n. Starting January 1. 33 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. unless otherwise stated) 2. Mudharabah financing is a joint financing made between BRIS which provides the capital (shahibul maal) and the customer who manages the business (mudharib) during a certain period. Acceptances receivable are stated net of allowance for impairment losses.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Istishna receivables are presented based on the outstanding billings less allowance for impairment losses. 269 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . the buyer assigns the producer to create or conduct al . 2010 and 2009 (Expressed in millions of Rupiah.

are deferred and presented separately from the cost of the landright. In accordance with SFAS No. SUMMARY OF ACCOUNTING POLICIES (continued) o. 48 on “Impairment in Asset Value” requires the review of the premises and equipment values for each impairment or write-down to fair value whenever events indicate that the carrying value may not be recoverable. In addition. if the recognition criteria are satisfied. survey and measurement cost. Leases Based on SFAS No. unless otherwise stated) 2. Likewise. its cost is recognized in the carrying amount of the premises and equipment as a replacement. 2010 and 2009 (Expressed in millions of Rupiah. Under this revised SFAS. SFAS No. The deferred cost related to the acquisition of the landright was presented as part of “Other Assets” in the consolidated balance sheet. 270 . useful lives and methods of depreciation are reviewed and adjusted prospectively if appropriate. Any gain or loss arising on derecognition of the premises and equipment (calculated as the difference between the net disposal proceeds and the carrying amount of the premises and equipment) is included in the consolidated statements of income in the year the premises and equipment is derecognized. at each financial year end. the determination of whether an arrangement is or contains a lease is based on the substance of the arrangement at inception date and whether the fulfillment of the arrangement is dependent on the use of an asset and the arrangement conveys a right to use such asset. 47. leases which do not transfer substantially all the risks and rewards incidental to ownership of the asset are classified as operating leases. when a major inspection is performed.”Lease”. such as license fee.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. all costs and expenses incurred in relation with the acquisition of the landright. Such Cost includes the cost of replacing part of the premises and equipment when that cost is incurred. leases that transfer substantially all the risks and rewards incidental to ownership of the leased item are classified as finance leases. 30 (Revised 2007). p. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 34 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The premises and equipment’s residual value. SFAS No. Depreciation is calculated on the straight-line method over the estimated useful lives of the premises and equipment as follows: Years Buildings Motor vehicles Computers and machineries Furniture and fixtures 15 5 3-5 5 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS The carrying amount of premises and equipment is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Premises and equipment Premises and equipment is stated at cost less accumulated depreciation and impairment losses. if the recognition criteria are met. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 47 also states that landright is not amortized unless it meets certain required conditions. and amortized over the period of the related landright using the straight-line method. All other repairs and maintenance costs that do not meet the recognition criteria are recognized in the consolidated statements of income as incurred. notarial fee and taxes. Moreover. “Accounting for Land”.

Net realizable value is the fair value of the collateral after deducting the estimated costs of disposal. Deposits are stated at the amount due to the account holders. Repossessed assets Repossessed assets acquired in settlement of loans (included as part of “Other Assets”) are recognized at their net realizable values. 2010 and 2009 (Expressed in millions of Rupiah. or through transfer with a bank draft or other forms of payment order. liabilities due immediately are stated at the amounts payable by the Bank. abandoned property. which have a deposit quality and can be withdrawn at any time and the bank is not required to give interest unless in the form of bonus in a voluntary way. among others. Deposits from customers and other banks and financial institutions Demand deposits represent funds deposited by customers in which the withdrawal can be done at any time by use of a check. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Starting January 1. Mudharabah savings is stated based on the customer’s savings balance. Time deposits represent funds deposited by customers that can be withdrawn only at a certain point in time as stated in the contract between the depositor and BRI. 2010. liabilities due immediately are recorded at amortized cost. Mudharabah savings deposits represent funds from third parties which receive predetermined and pre-agreed profit-sharing return ratio (nisbah) from income derived by BRIS from the use of such funds. Time deposits are stated at the nominal amount provided in the deposit certificate or at the amount stated in the agreement.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Wadiah demand deposits are stated at the amount due to the account holder of the deposit in the bank. Other assets Other assets. 2010. r. accrued interest receivables. Wadiah savings deposits represent funds deposited by customers in the bank. Wadiah savings deposits are stated at the Bank’s liabilities. unless otherwise stated) 2. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 35 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. deferred expense. inter-office account and others. The difference between the value of the collateral and the proceeds from sale thereof is recognized as a gain or loss at the time of sale of the collateral. Wadiah demand deposits represent third party funds which can be returned at anytime and customers receive bonus based on BRIS policy. accrued provision and commissions. Savings deposits represent customers' funds which the depositors are entitled to withdraw under certain agreed conditions. t. This account is classified as other financial liabilities. The excess in loan balances which has not been paid by debtors over the value of repossessed assets is charged to allowance for possible losses on loans in the current year. 271 . consist of interest revenue. These deposits are stated at the amount due to the account holder. s. prepaid tax. Prior to January 1. Liabilities due immediately Liabilities due immediately represent the obligations of the Bank to external parties that based on their nature should be paid immediately in accordance with the instructions of the agreement which have been previously determined. SUMMARY OF ACCOUNTING POLICIES (continued) q.

deposits from customers and other banks are classified as other financial liabilities at amortized cost using effective interest method except deposits and temporary syirkah funds which are stated at the payable amount to customers. and recognized as income over the period starting from when those securities are purchased until they are resold using effective interest rate. savings deposits.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. at the resale price net of unamortized interest and net of allowance for impairment losses. The difference between the purchase price and the resale price is treated as unearned interest income (unamortized). COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. The difference between the selling price and the repurchase price is treated as prepaid expenses and recognized as expense over the period starting from when those securities are sold until they are repurchased using effective interest rate. Prior to January 1. Starting January 1. Incremental costs directly attributable to acquisition of deposits from customers are deducted from the amount of deposits. Mudharabah time deposits are stated at the nominal amount as agreed by the deposit holder and BRIS. Securities sold with agreements to repurchase Starting January 1. Securities sold under agreements to repurchase are classified as financial liabilities measured at amortized cost. . Prior to January 1. 2010. unless otherwise stated) 2. securities sold under agreements to repurchase are presented as liabilities in the consolidated balance sheets. Securities purchased with agreements to resell are recognized as receivables and recorded at their resale values reduced by unearned interest and allowance for impairment losses. SUMMARY OF ACCOUNTING POLICIES (continued) t. 2010. time deposits and interbank call money. 2010. securities sold with agreements to repurchase are recognized as liability at their agreed repurchase price. Deposits from other banks and other financial institutions consist of liabilities to other banks. 2010. deposits from customers and other banks are stated at the payable amount to customers. 2010. 2010 and 2009 (Expressed in millions of Rupiah. at the repurchase price. The difference between the selling price and repurchase price is treated as prepaid interest which is recognized as interest expense over the period from the sale of the securities until the time of repurchase using straight-line amortization method. net of unamortized prepaid interest. The difference between the securities purchase and resale price is treated as unearned interest income and will be recognized over the period from the time of purchase until the time of resale using straight-line amortization method. through the issuance of promissory notes which have a term up to 90 (ninety) days and stated at the amount due to banks and other financial institutions. Prior to January 1. Deposits from customers and other banks and financial institutions (continued) Mudharabah time deposits represent third party funds that can be withdrawn only at a certain point in time based on the agreement between the customer and BRIS. in the form of demand deposits. Securities purchased under agreements to resell are classified as loans and receivables. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 36 272 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. either domestic or overseas. reduced by the balance of prepaid interest. securities purchased under agreements to resell are presented as assets in the consolidated balance sheets. Securities purchased with agreements to resell and securities sold with agreements to repurchase Securities purchased with agreements to resell Starting January 1. 2010. u.

CPBTW is included as part of “Other Liabilities”. Prior to January 1. fees. 2010. Interest receivable COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 37 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Differences between the carrying amount of securities issued and repurchased value are not recognized as gain or loss in the consolidated statements of income. Interest accrued but not yet collected is reversed when a loan is classified as impaired loans (2009 as non-performing loans). Non-performing loans for the year period ended December 31. PBTW is reported as deduction from interest income on loans. interest income and interest expense are recognized on accrual basis. interest income subsequently obtained is recognized based on the interest rate used to discount future cash flows in calculating impairment losses. 2009 include loans classified as substandard. which are given to borrowers of Kupedes who settle their liabilities on time. Costs incurred related to the bond issuance are presented as deduction from the proceeds of bonds issued and starting January 1. Interest income and interest expense Starting January 1. where appropriate. The amount of PBTW is 25% of interest received from either Kupedes working capital loans or Kupedes investment loans. except for interest income on non-performing earning assets (sub-standard. 2010. 2010 and 2009 (Expressed in millions of Rupiah. 2010. The effective interest rate is the rate that exactly discounts the estimated future cash payments or receipts through the expected life of the financial instrument (or. a shorter period) to the carrying amount of the financial asset or financial liability. are generally classified as impaired loans (2009 as non-performing loans). This calculation includes all commissions. it is amortized using the effective interest method and prior to January 1. Subordinated loans are stated at the nominal value net of unamortized discount. 2010. Allowance for Timely Payment of Interest [Cadangan Pembayaran Bunga Tepat Waktu (CPBTW)] represents allowance provided for timely payment of incentives. unless otherwise stated) 2. the Bank estimates future cash flows considering all contractual terms of the financial instrument but not future credit losses.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. it is amortized using straight-line method over the term of the bonds. interest income and expense for all interest bearing financial instruments are recognized in the consolidated statements of income using the effective interest rate method. x. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. doubtful and loss. When calculating the effective interest rate. SUMMARY OF ACCOUNTING POLICIES (continued) v. doubtful and loss) which is recognized at the time cash collections are received (cash basis). Loans which the principal or interest has been past due for 90 (ninety) days or more. If a financial asset or group of similar financial assets has diminished its value as a result of impairment losses. Incremental costs directly attributable to issuance of securities are deducted from the amount of securities issued. The amount of CPBTW is 25% of interest on Kupedes working capital loans and Kupedes investment loans received monthly. 273 . Subordinated loans Securities issued are classified as financial liabilities at amortized cost. Allowance and timely payment of interest on BRI unit Timely Payment of Interest [Pembayaran Bunga Tepat Waktu (PBTW)] represents incentives given to Village General Loans (Kupedes) borrowers who pay their liabilities in accordance with the mutually agreed installment schedules. transaction costs. and other forms received by the parties in the contract that are an integral part of the effective interest rate. w. and all other premiums or discounts. or where reasonable doubt exists as to the timely collection.

2010. Prior to January 1. Interest income from non-performing assets that has not been received (interest receivables on non-performing loans) is disclosed in the information on commitments and contingencies. Based on SFAS No. the cost of providing employee benefits under the prevailing Law is determined using the actuarial valuation based on the projected unit credit method. aa. or fees and commissions income which relates to a specific period. Cash collections from loans which have been classified as doubtful or loss with possible few collections. 2003 (Labor Law No. unless otherwise stated) 2. will be used initially to reduce the loan principal. y. 24 (Revised 2004) on “Employee Benefits”. Unrecognized past service cost and actuarial adjustment are amortized over the expected future remaining years of service of existing employees as determined by the actuary. Pension plan and employee benefits BRI provides defined benefit pension plans covering substantially all its employees that fulfill the criteria. fees and commissions directly related to lending activities. In addition. or fees and commissions income which relates to a specific period. Income from murabahah and ijarah transactions are recognized using accrual method. 13/2003. z. Unamortized fees and commissions relating to loans settled prior to maturity are recognized at the settlement date. Actuarial gains and losses are recognized as income or expense when the cumulative unrecognized actuarial gains and losses for each individual plan at the end of the previous reporting year exceeded the greater of 10% of the present value of the defined benefit 38 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 13 year 2003 dated March 25. grand leaves and pension preparation period). BRI’s work separation scheme is calculated following the provisions of Labor Law No. 13/2003). Interest income and interest expense (continued) which has been accrued is reversed when the earning asset has been classified as non-performing and charged to expense in the current period. for those fees and commissions income which are not significant. BRI employees are also given Old-Age Benefits. The excess collections from loan principal are recognized as interest income in the consolidated statements of income. Furthermore. 2010 and 2009 (Expressed in millions of Rupiah. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. ijarah transactions and profit sharing from mudharabah and musyarakah financing. BRI has accounted for the liabilities arising from the implementation of Labor Law No. Expenses based on sharia principles consist of mudharabah profit sharing expense and wadiah bonus expense. Sharia income and charges Sharia income consists of income from murabahah.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Income from istishna transaction and profit sharing from mudharabah and musyarakah financing are recognized when the cash installments are received. is amortized over the term of the underlying contract using the effective interest method and classified as part of interest income in the consolidated statements of income. and participate in defined contribution pension plan benefits and other long-term benefits (gratuity for services. 2010. current service cost is charged to current operations. Fees and commissions Starting January 1. SUMMARY OF ACCOUNTING POLICIES (continued) x. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 274 . significant fees and commissions directly related to lending activities. Under the defined benefit pension plans. istishna. will be directly recognized in current consolidated statement of income as fees and commissions income. is amortized using the straight line method over the term of the underlying contract and is classified as fees and commission income in the consolidated statement of income.

The exchange rates used in the translation of foreign currency amounts into Rupiah are the following (full Rupiah): 2010 United States Dollar 1 Great Britain Pound Sterling 1 Japanese Yen 100 European Euro 1 Hong Kong Dollar 1 9. and reduced by employees’ contributions and expected return on plan assets.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.941.010.43 1. Foreign currency transactions and balances BRI maintain its accounting records in Indonesian Rupiah.017.08 2009 9.395. past service costs arising from the introduction of a defined benefit plan or changes in the benefit payable of an existing plan are required to be amortized over the remaining period until the benefits concerned become vested. actuarial gains or losses and past service costs.542.99 1. Pension plan and employee benefits (continued) obligation and 10% of the fair value of plan assets at that date.48 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 39 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. respectively.00 15. Further. ab. SUMMARY OF ACCOUNTING POLICIES (continued) aa.m. Compensation cost at the grant date is calculated using the fair value of such stock options and is recognized as part of “Salaries and Employee Benefits Expense” based on cliff-vesting scheme using the straight-line method over the vesting period. Stock options BRI has granted stock options to the Directors and employees at certain positions and levels based on established criteria.18 11. 2010 and 2009 (Expressed in millions of Rupiah. interest on obligation.00 13. Diluted earnings per share is computed after making the necessary adjustments to the weighted average number of common shares outstanding assuming the full exercise of employee stock options at the time of issuance. The resulting gains or losses are credited or charged to the current consolidated statements of income. 2010 and 2009. The accumulation of stock compensation cost is recognized as “Stock Options” in the equity. ad.164. unless otherwise stated) 2.00 12. WIB (Western Indonesian Time) as of December 31. The post-employment benefits expense recognized during the year consists of current service cost. all foreign currency monetary assets and liabilities are translated into Rupiah using the Reuters spot rates at 4. 275 .00 p.211.94 10. 2010 and 2009. ac. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. These gains or losses are recognized on a straight-line method over the expected average remaining working lives of the employees.075. The fair values of the stock options granted are calculated using the Black-Scholes option pricing model. As of December 31.219.00 13.159. Earnings per share Basic earnings per share is calculated by dividing the net income by the weighted average number of issued and fully paid shares during the related year. Transactions in foreign currencies are recorded at the prevailing exchange rates in effect on the date of the transactions.

55 (Revised 2006). For consolidation purposes in the consolidated financial statements. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.00 p. “Accounting for Derivative Instruments and Hedging Activities”. expenses.  Revenues. Prior to January 1.using the spot rate published by Reuters at 4. The ending year balances consist of the sum of the translated monthly balances of revenues.Capital Stock and Additional Paid-in Capital using historical rates. Starting January 1.  Equity . all accounts of the overseas branch and representative offices are translated into Rupiah with the following exchange rates:  Assets and liabilities.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. including accumulated tax loss which can be compensated against the following years. 2010 and 2009 (Expressed in millions of Rupiah.m. The resulting difference arising from the translation process on the above financial statements is included in the equity as “Differences Arising from Translation of Foreign Currency Financial Statements”. 2010.m. 40 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.  Statements of cash flows . “Financial Instruments: Recognition and Measurement”. expenses and profit and losses during the year. Income tax SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS BRI and its Subsidiary applied SFAS No. based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date. Translation of the financial statements of overseas branch and representative offices BRI has 1 (one) branch office in Cayman Islands and 2 (two) representative offices each in New York and Hong Kong that are separate foreign entities. commitments and contingencies . derivative transactions are recognized in accordance with SFAS No. 46 also requires the recognition of deferred tax assets which arise from future tax benefits. except for the profit and loss accounts which are translated at the average middle rates and equity accounts which are translated at the historical rates. SFAS No.00 p. 55 (Revised 1999). ag.using Reuters spot rates at 4.using the average middle rate during the month. derivative transactions are recognized in accordance with SFAS No. Derivative transactions Derivative financial instruments are valued and recognized in the balance sheets at fair value less allowances for impairment losses. Deferred tax assets and liabilities are measured at the tax rates that are expected to be applied in the year when the asset is realized or the liability is settled. Each derivative contract is carried as asset when the fair value is positive and as liability when the fair value is negative. WIB on balance sheet date. af. SUMMARY OF ACCOUNTING POLICIES (continued) ae. The fair value of derivative instruments is determined based on discounted cash flows and pricing models or quoted prices from brokers of other instruments with similar characteristics. WIB at balance sheet date. Gains or losses resulting from fair value changes are recognized in the consolidated statements of income. Derivatives receivable and payable are classified as financial assets and liabilities that designated at fair value through profit or loss. 2010. 46 on “Accounting for Income Taxes” which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between financial reporting and tax reporting. The changes in the carrying value of deferred tax assets and liabilities due to the changes in tax rate is charged to current year operations. except transaction which have been previously charged or credited to equity. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 276 . gains and losses . if it is highly probable that the future income subject to tax is adequate to be compensated. unless otherwise stated) 2.

BRI only operates in the banking industry. IMPLEMENTATION OF QUASI-REORGANIZATION As a result of the effects of the economic conditions. BRI makes the justification of debtor's financial situation and net realizable value of collateral. After BRI’s recapitalization in July 2000 and October 2000. unless otherwise stated) 2. In particular. There is inherent risk in making estimates such that actual amounts reported in future periods may differ from the estimated amounts. SUMMARY OF ACCOUNTING POLICIES (continued) ag. rate of early payment and defaults rate assumptions. ai. These estimates are based on assumptions about a number of factors and actual results may differ. 3.221. The tax effect on temporary differences and accumulated tax losses on the consolidated companies. Segment reporting SFAS No. In the estimation of cash flows. justification by management is required to estimate the amount and timing of future cash flows when determining impairment. 2010 and 2009 (Expressed in millions of Rupiah. as reflected in changes in the provision for impairment in the future.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. when the decision on the objection and or the result of the appeal is received. Professional considerations and significant estimates are as follows: Fair value of financial instruments If the fair value of financial assets and financial liabilities recorded in the balance sheet is not available in an active market.364. therefore the information for segment reporting is disclosed based on operating geographical regions. Income tax (continued) Amendments to tax obligations are recorded when an assessment is received or. Impairment of loans and receivables BRI reviews loans and receivables at each balance sheet date to assess whether impairment should be recognized in the statements of income. 277 . if there is objection or appeal. it is deemed necessary for management to determine the fair value. such fair value is determined using various valuation techniques including the use of mathematical models. the allowance for COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 41 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Input for this model comes from market data that can be observed as long as the data is available. the management used estimations and assumptions that affect the reported amounts in the consolidated financial statements. Management considerations include liquidity and volatility feedback model for long-term derivative transactions and discount rate. BRI incurred significant losses in 1998 and 1999 totaling Rp28. are presented in net amount for BRI and its Subsidiary. ah. 5 (Revised 2000) on “Segment Reporting” requires the identification and disclosure of financial information based on the business type (products or services) and operating geographical region segment of a company’s operations. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Use of estimates In the preparation of the consolidated financial statements in accordance with generally accepted accounting principles. which consist of assets or liabilities. When observable market data are not available.

and foreign currency of 1% and 1%. IMPLEMENTATION OF QUASI-REORGANIZATION (continued) possible losses on earning assets of BRI had been significantly reduced when the non-performing earning assets were transferred to the Indonesian Bank Restructuring Agency (IBRA).38 1.873. 2010 based on Bank Indonesia’s regulation (PBI) No.05% 3. 2003 (Note 2d). respectively.683 2009 12. CURRENT ACCOUNTS WITH BANK INDONESIA Current accounts with Bank Indonesia consist of: 2010 Rupiah United States Dollar 19. BRI had accumulated losses of Rp24.00 SUBSIDIARIES The calculation of the GWM ratios as of December 31. 278 . 10/19/PBI/2008 dated October 14. And. the GWM ratios of BRI (unaudited) are as follows: 2010 Primary GWM . regarding “GWM of Commercial Banks with Bank Indonesia in Rupiah and Foreign Currencies”. the Bank has to meet the required Primary GWM in Rupiah of 8% and 5%. consumer financing. 12/19/PBI/2010 dated October 4. unless otherwise stated) 3.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009. respectively.Rupiah Primary GWM . 4. 2008 regarding “The Amendment on PBI No. The calculation of the GWM ratios as of December 31. current accounts with Bank Indonesia under sharia banking principles amounted to Rp254. 2010 and 2009 (Expressed in millions of Rupiah.foreign currency 8.387 in the balance sheet as of June 30. As of December 31.893. Current accounts with Bank Indonesia are maintained to comply with Bank Indonesia’s Minimum Legal Reserve Requirements (GWM).989. 2010 and 2009. 2010 and 2009. As of December 31. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.5% and 2.791 19. BRI has complied with Bank Indonesia’s regulation regarding the minimum legal reserve requirement as of December 31.90% 6.570. 2009 is based on PBI No. 2008 regarding GWM of Commercial Banks in Bank Indonesia in Rupiah and Foreign Currencies”. In order to have a fresh start with a balance sheet showing the current values without accumulated losses. respectively. BRI’s management has prepared projections of financial statements that show strong profitability and sound Capital Adequacy Ratio (CAR) based on the primary strength of BRI as a major bank in Indonesia that focuses on micro-finance.414 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY As of December 31. 2010. for Secondary GWM in Rupiah of 2.699.5%.532. in accordance with the above mentioned Bank Indonesia regulation.741 12.882 and Rp86.673 360.892 418. 2003. 10/25/PBI/2008 dated October 23. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 42 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.Rupiah Secondary GWM . BRI implemented quasi-reorganization as of June 30.00 2009 5. 2010 and 2009. small and middle businesses (UKM) and agribusiness sectors.47 1.

707.188 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 43 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.441 28.275 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 77.262 95.710 2. CURRENT ACCOUNTS WITH OTHER BANKS a) By Currency: 2010 Third parties Rupiah Foreign currencies United States Dollar European Euro Japanese Yen Arab Emirate Dirham Great Britain Pound Sterling Hong Kong Dollar Saudi Arabian Riyal Singapore Dollar Australian Dollar Swiss Franc Others Total Less: Allowance for impairment losses 81.683 4.143 406 827 81.875 347.309 3.478.135. Ltd.030 5.171 2.439 3.990.615 153.248.006 5.293 304.053 b) By Bank: 2010 Third parties Rupiah PT Bank Central Asia Tbk PT Bank Pembangunan Daerah Kalimantan Tengah PT Bank Mandiri (Persero) Tbk Others 2009 2009 54.365 241.162 13.462.765 441.800.508 152. A.G.939 898.162 Foreign currencies Standard Chartered Bank JP Morgan Chase Bank.126 37.138 28.531 1.694 693.158 39.658.359 1.081.042 1. Brussels Commerzbank.V.124 124. unless otherwise stated) 5.920 586.776 163.099 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.714. 2010 and 2009 (Expressed in millions of Rupiah.756 54.577.539 143.026.086 (90.188 13.754 210.658. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.127 37. N.763 54.565.086 45.293.956 102.403 9. The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland ING Belgium N.371 9.212 5.258 223 5.781 54.852 146.086 3.932 125.727 9.116 (63) 5. Al Rajhi Bank Oversea-Chinese Banking Corporation Limited ANZ Banking Group Limited 1.360.683 1.457 53. 279 . The Bank of Tokyo-Mitsubishi UFJ.A.811) 8.

030 Total Less: Allowance for impairment losses 5. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.086 (90.60 2009 54. d) Average annual interest rates for demand deposits with other banks: 2010 Rupiah Foreign currencies United States Dollar European Euro 0.053 c) By Collectability : Starting January 1.472 5.33% 0. 280 .714 9. BRI assessed impairment in current accounts with other banks individually based on whether an objective evidence of impairment exists.811) 8. except for current accounts with other banks under sharia principles whereby assessment is made using Bank Indonesia’s guideline on collectability .20 2009 1. CURRENT ACCOUNTS WITH OTHER BANKS (continued) b) By Bank (continued): 2010 Foreign currencies (continued) Others 79.658.144 (597) 547 BRI 2011 SUBSIDIARIES 90. unless otherwise stated) 5.264) 33.081. 2010 and 2009 were classified as “Current”.264 (90.19% 0.403 9. 50 (Revised 2006) (Note 39) 547 (546) 62 63 2009 1. All current accounts with other banks as of December 31. 2010 and 2009 (Expressed in millions of Rupiah.577.990.36 0.064 - FINANCIAL STATEMENTS FINANCIAL REPORT 44 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.275 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS e) Movements of the allowance for impairment losses on current accounts with other banks: 2010 Rupiah Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.658. 55 (Revised 2006) and SFAS No. 55 (Revised 2006) and SFAS No.116 (63) 5. 2010. 50 (Revised 2006) (Note 39) (Reversal) provision during the year (Note 32) Ending balance Foreign currencies Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.026.

FASBI (net of unamortized interest of Rp6.988.200 90. unless otherwise stated) 5. 281 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS .925 205.000 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.811 as of December 31.000 230.000 45.811 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS The minimum allowance for impairment losses on current accounts with other banks that should be provided based on Bank Indonesia regulations amounted to Rp63 and Rp90.092 235.000 30. 2009) Bank Indonesia .802 403.075 as of December 31.FTK (net of unamortized interest of Rp11. Management believes that the allowance for impairment losses on current accounts with other banks is adequate.813.000 30.367.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. CURRENT ACCOUNTS WITH OTHER BANKS (continued) e) Movements of the allowance for impairment losses on current accounts with other banks (continued): 2010 Foreign currencies (continued) Provision during the year (Note 32) Ending balance 63 2009 57. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37. 6. 2009) Bank Indonesia .000 35.000 100.FASBI Syariah Inter-bank call money PT Bank Pan Indonesia Tbk PT Bank Bukopin Tbk PT Bank Mega Tbk Lembaga Pembiayaan Ekspor Indonesia PT Bank DKI PT Bank Tabungan Pensiunan Nasional Tbk PT Bank Commonwealth PT Bank Rabobank International Indonesia PT Bank Mayapada Internasional Tbk PT Bank Sinarmas Tbk PT Bank Danamon Indonesia Tbk PT Bank Himpunan Saudara 1906 Tbk PT BNI Sekuritas PT Bank Internasional Indonesia Tbk 45 2009 49.000 225.264 90.406 as of December 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. respectively.556.000 - 12. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS a) By Currency and Type: CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 2010 Third parties Rupiah Bank Indonesia .000 25.000 25.500 27. 2010 and 2009 (Expressed in millions of Rupiah.594 13.784.000 10.000 25.019 100.008. 2010 and 2009.790 18.500 68.000 35.000 20.

Bank of America.515 991.000 40.653 2.272. unless otherwise stated) 6.675 23.140 193. First Union. The Royal Bank of Scotland PT Bank Negara Indonesia (Persero) Tbk Wachovia Bank.100 13. Standard Chartered Bank PT Bank Mandiri (Persero) Tbk 3.901.050 12.114.208 151.057.063 40.A.388 13. N.675.635 3.037.591.548 1.495.900 211.298 83. N.A.144. Standard Chartered Bank Deposits On Call Standard Chartered Bank 13.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.390 SUBSIDIARIES Related Party Inter-bank call money PT BTMU-BRI Finance Total Less: Allowance for impairment losses 215.390 (250) 83.977.204.290 (136. 282 . 2010 and 2009 (Expressed in millions of Rupiah.A.136. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued) a) By Currency and Type (continued): 2010 Third parties Rupiah (continued) The Hongkong and Shanghai Banking Corporation Limited 2009 MANAGEMENT DISCUSSION AND ANALYSIS 1.257. N.035.461.092 16.746.290 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Time Deposits Toronto Dominion Bank.067.227 United States Dollar Inter-bank call money The Bank of New York Mellon Toronto Dominion Bank.088.332 45.159.438. N.518 1.275 105.057 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 46 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.A.950 13.631.515 13. NY Citibank.233) 40.000 83.000 69. N.488 187.270 1.115 2.279.767 2.466.631 2. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.272.A.683 3.779 1.835 93.208 27.

615 13. 2010 and 2009 (Expressed in millions of Rupiah. 2010 and 2009 were classified as “Current”.683 1.75% 7.298 83.057 CORPORATE SOCIAL RESPONSIBILITY c) By Collectability : Starting January 1.279.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.233) 40.495.063 40.000 83. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued) b) By Time Period: The placements are grouped by their remaining period to maturity as follows: 2010 Third parties Rupiah ≤ 1 month United States Dollar ≤ 1 month > 1 month .461. except for the placements with Bank Indonesia and other banks under sharia principles whereby assessment is made using Bank Indonesia’s guideline on collectability .60 0.92 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 47 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.63 2009 6.140 193.3 months > 3 months .438.290 (136. unless otherwise stated) 6.390 (250) 83.390 13.975 187.05 0.466.159.290 CORPORATE GOVERNANCE Related party Rupiah ≤ 1 month Total Less: Allowance for impairment losses 215.591.044.004.47 0.092 27. BRI assessed the placements with Bank Indonesia and other banks individually based on whether an objective evidence of impairment exists.272.900 13.188 46.057.1 year 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 69. All placement with Bank Indonesia and other banks as of December 31.227 12. 2010. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.631.272.000 40. 283 .52 2. d) Average annual interest rates are as follows: 2010 Rupiah FASBI/FTK Inter-bank call money Foreign currency Inter-bank call money Time deposits 5.86% 6.

601 (11.907 BRI 2011 203.788 326.791 136.582 9. 7. SECURITIES a) By Purpose.326 132.586 317. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37. 2010 and 2009.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.562 203. 2010 and 2009 (Expressed in millions of Rupiah.442 ) 250 250 132. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued) e) Movements of allowance for impairment losses on placements with Bank Indonesia and other banks: 2010 Rupiah Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No. respectively. Currency and Type: Fair value through profit or loss Rupiah Certificates of Bank Indonesia Mutual funds Government bonds United States Dollar Government bonds 2010 2009 SUBSIDIARIES 193.374 579.144 FINANCIAL STATEMENTS FINANCIAL REPORT 48 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 284 .533 905.791 ) 250 2009 14.233 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY The minimum allowance for impairment losses on placements with Bank Indonesia and other banks that should be provided based on Bank Indonesia regulations amounted to Rp250 and Rp136.700) 38. unless otherwise stated) 6.442 658. 55 (Revised 2006) (Note 39) (Reversal) provision during the year (Note 32) Ending balance United States Dollar Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.791 (132. Management believes that the allowance for impairment losses on placements with Bank Indonesia and other banks is adequate.165 (563. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.144 8.442 (3.159) 3.233 as of December 31. 55 (Revised 2006) (Note 39) Writte offs during the year Provision during the year (Note 32) Ending balance 3.

657 as of December 31.499 997.668 13.236.817 1. 2010 and 2009 (Expressed in millions of Rupiah.745 CORPORATE SOCIAL RESPONSIBILITY 1. Currency and Type (continued): 2010 Available-for-sale Rupiah Certificates of Bank Indonesia Government bonds Bonds 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 8.net of unamortized discount of Rp57.736.168 2.235 as of December 31.net of unamortized discount of Rp170 as of December 31.431 397.net of unamortized discount of Rp1.070.000 120.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.365.120 44.000 10.041.122.734 3.177 3.200 132. unless otherwise stated) 7.447. 2009 Notes Receivable Medium term notes Government Bonds . 2009 SUBSIDIARIES 3. 2009 Bank Indonesia Sharia Certificates (SBIS) Medium-term notes Subordinated notes .773.843 5.072.026.188 3.589 2.642 180.001.408 194.921 FINANCIAL REPORT FINANCIAL STATEMENTS 49 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. SECURITIES (continued) a) By Purpose. 2009 Certificates of Bank Indonesia .663 200. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.900 137.net of unamortized discount of Rp61.528 1.883 11.284 1.295 CORPORATE GOVERNANCE Held-to-maturity Rupiah Government Bonds .128 20.450 9.709 13.225 1.881. 285 . 2009 Bonds .550 25.413 United States Dollar Government bonds Medium term notes Notes receivable 2.175.355.plus unamortized premium of Rp535.440.264 as of December 31.000 89.830 16.000 49.net of unamortized discount of Rp3.279 1.588.535 195.211. 2009 2.450 as of December 31.660 689.117.511.117 as of December 31.567 187.738.191.661 BRI 2011 3.240.586 1.885.793 United States Dollar Credit linked notes .942.

487.783 2.233.514.427.301.173 (1.159 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.849 24. SECURITIES (continued) a) By Purpose. Government Treasury Bills (SPN) and Government Bonds issued in foreign currencies which are obtained from the primary and secondary markets.033.107.663 SUBSIDIARIES d) By Type and Issuer: d.853. Currency and Type (continued): 2010 Total Less: Allowance for impairment losses 22.956.1 year > 1 year 12. 2010 and 2009 (Expressed in millions of Rupiah.951 360.917.241 (57.132 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2.663 b) By Collectability : Starting January 1.516.014 United States Dollar ≤ 1 month > 3 months .392 2009 24. c) By Remaining Period to Maturity: The classifications of securities based on their remaining period until maturity are as follows: 2010 Rupiah ≤ 1 month > 1 month . except for securities of subsidiary under sharia principles whereby assessment is made using Bank Indonesia’s guideline on collectability .808 5.843 16.516.773.514.393 214.510) 22.460.535. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.478.721 3.1 year > 1 year 2009 12.173 (1.699 2.132 Total Less: Allowance for impairment losses 22.128 6.3 months > 3 months .1.241 (57. .400 3.109) 24. 2010 and 2009.510) 22.535. 2010.109) 24.778. unless otherwise stated) 7.478. The details of Government Bonds are as follows: FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 50 286 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Securities were classified as “Current” as of December 31.560.778 3.485 635. BRI assessed the securities on whether an objective evidence of impairment exists individually.425 18. Government Bonds Government bonds represent bonds issued by the Government in connection with the management of Government debentures portfolio such as Government Debentures (SUN).

968 73.877 64. 2013 October 15. 2028 August 15.120 FINANCIAL REPORT FINANCIAL STATEMENTS 51 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2011 March 12.970 7.40 9. 2012 August 15.00 10.226 20.862 214.962 158.00 11.28 9. 2014 May 4.00 - October 15.38 8.117 91.022 62.578 433 89.50 8.00 12.189 431 522 53 49.160 33.365.63 March 10.281 325.50 11.75 10.184 579.520 39.40 9.38 9.45 9. 2037 - CORPORATE SOCIAL RESPONSIBILITY Available-for-sale Rupiah FR0027 FR0028 FR0031 FR0040 FR0042 FR0047 FR0052 FR0053 FR0054 FR0055 FR0056 ORI002 ORI003 ORI004 ORI005 ORI006 ORI007 SR001 SR002 IFR0004 IFR0006 ZC0005 SPN 9. 2031 September 15. 2013 mixed 259.70 9. Government Bonds (continued) Series Fair value through profit or loss Rupiah FR0024 FR0033 ORI002 ORI003 ORI004 ORI005 ORI006 SR001 ZC-04 ZC-05 Annual Interest Rate (%) Maturity Date Fair Value/Cost 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 12. 2010 February 20.321 CORPORATE GOVERNANCE United States Dollar RI0014 RI0015 RI0037 6.201 58.788 315.424 55.114 61. 2015 January 15.50 10.974 22.95 12. 2025 July 15. 2010 September 12.25 9. 2012 February 20. 287 .911 9. 2015 July 15.462 45 283 3.510 255.75 7.182 206.75 7.294 63.00 11.480 47. 2017 November 15. 2013 March 28. 2016 681. 2012 September 15.00 8.886 460.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.535 122.241 61. 2010 March 15.1. 2016 September 15. 2013 March 15. 2020 September 15.50 March 10.45 9.00 10. 2021 July 15.592 52. 2013 February 25. 2011 March 12.188 2. 2012 February 10.526 115.585 177.558 425.365 52. 2014 April 20. 2012 February 25.259 1. 2013 August 15.35 7.38 7.00 10. 2010 and 2009 (Expressed in millions of Rupiah. 2030 July 15.880 125.167 22.35 12.50 9. 2026 March 28.630 99.252 26.835 12.040 SUBSIDIARIES BRI 2011 United States Dollar RI0014 RI0014 RI0015 RI0016 6.013 902 6. 2013 - 25.600 317.28 9. unless otherwise stated) 7.408 415. 2030 February 20.533 897.25 10.25 6. SECURITIES (continued) d) By Type and Issuer (continued): d.951 27.256 1.107 114. 2012 September 15.559 80.174 10.25 - June 15.387 105.25 7. 2015 February 17. 2027 February 15.041. 2010 September 12. 2013 August 15. 2014 April 20.50 11. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.

SECURITIES (continued) d) By Type and Issuer (continued): d. 288 .417 127. 2015 January 15.50 6.098 111.235) 1.080.068 CORPORATE GOVERNANCE 4.983 121.660 2.456 FINANCIAL STATEMENTS FINANCIAL REPORT The market value of Government Bonds held for trading and available-for-sale ranged from 91.980 (57. 2010 and 2009 (Expressed in millions of Rupiah. 2023 February 15.530 140. Government Bonds (continued) Series Available-for-sale (continued) United States Dollar (continued) RI0017 RI0018 RI0020 RI0035 RI0037 RI0038 U. 2038 15 November 2020 395.S Treasury Bonds Annual Interest Rate (%) Maturity Date Fair Value/Cost 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 6.634 40.745 9.25 10.254 100.871 58.508 190. 2025 July 15.644 139.88 5. 2025 mixed 161.000 113.868. 2018 March 13.1.50 8.778 2.406 SUBSIDIARIES United States Dollar RI0018 RI0037 Less: Unamortized Interest and Discount 6. 2013 July 15.965 65. 2018 February 17.827 31.925 (3.00 9.391.25 9.762 159.000 1. 2021 September 15.734 113. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.999.852 520.63 March 9.177 BRI 2011 2. 2037 7.650 132.736.120 394. 2020 October 12.928 114. 2016 September 15.75 9. 2037 January 17.000 170.089 68.25 7.474 2.33% to 113.38 9. respectively.508 296.88 6.560 90.00 10.177 132.026.920 223.88 6.25 10.264) 137.736.968 118.00 9.661 2. 2037 July 15.338 240.000 100. 2016 September 15.132 538.655 Held-to-maturity Rupiah FR0026 FR0028 FR0030 FR0040 FR0042 FR0043 FR0045 FR0046 FR0047 FR0048 FR0049 FR0050 FR0052 FR0053 FR0055 FR0056 IFR0003 IFR0007 SPN Less: Unamortized Interest and Discount CORPORATE SOCIAL RESPONSIBILITY 11. 2017 January 17. 2022 May 15.63 January 17.96% as of December 31. 2018 September 15. 2014 July 15.88 8.760 49. unless otherwise stated) 7. 2027 July 15.00 10.395 131.729 64.38 8. 2035 February 17.606 102.25 - October 15. 2026 September 15.598 70.33% to 124.000 120.63 7.00 10.75 11.391 35.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.818 212.50 10. 2010 and 2009.152 33.000 42. 2017 May 15.369 106.215 90.191.527 124.25% and 75.279 155.026 108. 2028 September 15.75 2. 2030 July 15.024 146.00 10.942.333 1.50 10.233. 2038 August 15.019 34.711 116.000 149.279 2. 52 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

65 July 11. 2010 June 20. 2015 June 19.25 10.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.00 11. 2013 December 9.000 50.000 29.000 50.000 10.000 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 53 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 25.37 June 21. 2013 July 8. 2017 idAA idAA+ idAA+ idAAidAAidAA+ 105.75 11. 2013 July 7. 2012 November 27. 2013 December 1.253 79. 2011 July 8.000 250.480 10.63 8.000 49.000 25. 2012 December 9. 2012 December 16. 2010 April 19.004 CORPORATE GOVERNANCE 194.000 45.758 50.000 5.000 18. 289 .2. 2012 March 8.00 13.000 25.560 10.000 10.000 25. 2014 idAAAA**) idBBB+ idBBB+ idAA+ idAA+ idAA+ idAA idA+ idA+ idAA idA idA idAAA idAAA idAAA AA**) AA**) idAA- idBBB+ idAAA idBBB+ idBBB+ idAAA idAA+ idAA+ idAA+ idAAidA+ idA+ idAAidAidAidAidAAA idAAA AA***) idAA- 250. 2012 July 8. 2012 December 16. 2010 and 2009 (Expressed in millions of Rupiah.000 200. unless otherwise stated) 7.817 Held-to-maturity Rupiah PT Japfa Comfeed Indonesia Tbk Series I PT Bentoel Internasional Investama Tbk Series I PT Bakrieland Development Tbk Series I B Sukuk Ijarah I B PT Summit Oto Finance Series C 10 B PT Bank Danamon Indonesia Tbk Series I B Series II A Series II B PT Bank Pan Indonesia Tbk Series II B PT Mitra Adiperkasa Tbk Series I A Sukuk Ijarah I A PT Bank Negara Indonesia (Persero) Tbk Series I PT Danareksa (Persero) Series III A Series III B Series III C Lembaga Pembiayaan Ekspor Indonesia Series IV A Series IV B Series I B Series I C PT Sarana Multigriya Finansial (Persero) Series II Series III B PT Salim Invomas Pratama Sukuk Ijarah I 12. 2012 March 11. 2013 June 28.883 105.50 10.91 10.000 50.50 13.00 10.398 195.000 50. 2011 June 20.000 20.513 20.000 200.000 25. 2012 July 10.25 12.85 9.85 16.000 25.50 9.50 12.000 100.000 25. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.75 10.60 9.000 25. SECURITIES (continued) d) By Type and Issuer (continued): d.000 50.000 20. 2017 September 4.75 9. 2011 June 20.60 8.00 8.000 25.000 49. Bonds Annual Interest Rate (%) Maturity Date Rating *) 2010 2009 Fair Value/Cost 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Issuer Available-for-sale Rupiah PT Jasa Marga (Persero) Tbk Series XIII R PT Perusahaan Listrik Negara (Persero) Series IX A Perum Pegadaian Series XII B 10.005 80. 2017 July 10.40 6. 2010 June 8.000 30.000 100.13 12.000 45. 2015 January 3.25 13.000 50.75 12.000 5.

499 1.325 (1.75 10. 2009.124.000 1. 290 .000 7.95 December 4. 2012 June 11.68 11. respectively.3.122.2.000 20. 2018 March 6.000 10. 2020 March 10.000 16. Mutual Funds ITB Mutual Funds .000 to available-for-sale and held-to-maturity”. 2014 June 17. while the market value at that date is Rp20.000 10.75 13. 2014 December 4. 2017 idAA idAA idAAidA+ idAA+ idAAidAAidAAA idAA+ idA idAA- idAAidAAidAAidA idAA+ idAAidAAA idAA- 25.668 CORPORATE GOVERNANCE *) Based on ratings issued by PT Pemeringkat Efek Indonesia (Pefindo). respectively.Niaga as of December 31.000 10. while the market value at that date are Rp168. 2010 and 2009 amounted to Rp9.325 10.80 10.000 20. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 54 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.211. 2013 November 16.000 10.000 to held-to-maturity.000 20.000 10.00 11.75 10.000 and Rp195.890 which was recorded as discount and amortized until maturity. **) Based on ratings issued by Moody’s.586.228 10.657) 1.000 25. BRI reclassified all of its bonds classified as trading with nominal amount of Rp185. BRI also reclassified 1 (one) bond classified as available-for-sale with a nominal amount of Rp20. Bonds (continued) Annual Interest Rate (%) Maturity Date Rating *) 2010 2009 Fair Value/Cost 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS Issuer CORPORATE SOCIAL RESPONSIBILITY Held-to-maturity (continued) Rupiah (continued) PT Pupuk Kalimantan Timur Sukuk Ijarah I Series II PT Medco Energi Internasional Tbk Series II A PT Ciliandra Perkasa Series II PT Indosat Tbk Sukuk Ijarah IV A PT Bank Tabungan Negara (Persero) Tbk Series XIII A Series XIV EBA Seri I A PT Malindo Feedmill Tbk Series I PT BW Plantation Tbk Series I PT PLN (Persero) Sukuk Ijarah IV A Less: Unamortized discount 10. 2010 and 2009 (Expressed in millions of Rupiah.000 10. The difference between the market value and nominal amount for securities reclassified to held-to-maturity from trading amounted to Rp3. ***) Based on ratings issued by Fitch Ratings.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2012 November 27. 2012 December 8.25 11.38 11. unless otherwise stated) 7.000 16.211. d.110.000.328 and Rp191.50 11.25 13. 2014 May 29. respectively.562 and Rp8. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.000 1.000 20. 2015 January 12. SECURITIES (continued) d) By Type and Issuer (continued): d.499 25. SUBSIDIARIES On April 8.000 30.

050 45.843 50. Subordinated Notes CORPORATE SOCIAL RESPONSIBILITY Issuer Held-to-maturity Rupiah Bank OCBC NISP Series III PT Bank Pan Indonesia Tbk Series II Annual Interest Rate (%) Ratings *) Maturity Date 2010 2009 Fair Value/Carrying Value 2010 2009 11.A. 2011 August 30. On April 8. BRI made a reclassification of PT Bank Pan Indonesia Tbk subordinated notes classified as available-for-sale with a nominal amount of Rp50.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.S. SECURITIES (continued) d) By Type and Issuer (continued): d. 180.60 June 30.571 689. N. 2010 and 2009 (Expressed in millions of Rupiah.4.050 37. 2017 April 9. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 55 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Bank.528 - - CORPORATE GOVERNANCE *) Based on ratings issued by Standard & Poor’s.200 63. d.843 89. 291 . 2010 Held-to-maturity United States Dollar Standard Chartered Bank UBS AG UBS AG Intens Funds Natix U. Carrying Value Rating* ) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 2009 Maturity Date Fair Value Rating*) Maturity Date - - - 560.000 to held-to-maturity while the market value at that date is Rp49.957 128.815.528 A-1 A-1 February 1. 2011 January 3. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. Notes Receivable 2010 Issuer Available-for-sale United States Dollar Toronto Dominion Bank.000 (170) 49.070 27.030 45. 2010 January 4.830 Less: Unamortized discount SUBSIDIARIES *) **) Based on ratings issued by Pefindo.A . Bank. 2011 September 2. 2011 August 30.242 397.5. 2009.642 AAAAAA- December 8.000 49.843 89.S.642 397. N.35 11. 2018 AA**) idAA- idA+ 40. N.000 50.A. 2011 August 12. U. Based on ratings issued by Fitch Ratings. 2011 689. The unrealized accumulated loss at the time of reclassification amounted to Rp185 and was recorded as part of equity. unless otherwise stated) 7.

000 120.000.000 - 6.900 CORPORATE SOCIAL RESPONSIBILITY 344.000.000.000 25. SECURITIES (continued) d) By Type and Issuer (continued): d. 2009 February 10.000.38**) October 29.426.000 50.664 3.000 United States Dollar PT Medco Energi International Tbk 20.000 9.000 FINANCIAL STATEMENTS FINANCIAL REPORT Total 56 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.60*) 9.000.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.10% 90. the following are the balances of securities in the form of CLN: 2010 Effective Date Maturity Date Annual Interest Rate Nominal Value (US$) Issuer Held-to-maturity United States Dollar Restructured in 2009 Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland The Royal Bank of Scotland Restructured in 2008 Credit Suisse International The Royal Bank of Scotland Cost SUBSIDIARIES February 11. 2013 44. 2011 25.000 - CORPORATE GOVERNANCE 10.000 25.434 523. 2013 December 30.000. 2008 December 1.000.10**) 9.582 748. 2014 LIBOR**) + 1. 2009 March 20.224 2.000.50**) December 6.000 25. 2013 November 22.000 25.995 714.000 10.114 259. 2010 and 2009 (Expressed in millions of Rupiah.00% *) 50.50% June 20.6. 2012 180.7.000 25. Medium Term Notes (MTNs) Nominal Amount Issuer Available-for-sale United States Dollar PT Medco Energi Internasional Tbk Held-to-maturity Rupiah PT Bank Resona Perdania PT Perkebunan Nusantara (Persero) Seri III A Seri III B Seri VII A PT Sarana Multigriya Finansial (Persero) Seri II United States Dollar Rupiah Annual Interest Rate (%) Fair Value/ Cost 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS Maturity Date 5. unless otherwise stated) 7.000 929. 2010 November 22.431 BRI 2011 September 26.000 75. Credit Linked Notes (CLN) As of December 31. 2008 December 20.000. 2015 July 8.200 300. 292 .000.200 187. 2014 LIBOR**) + 1.082 259.00**) December 23.900 197.767 489.000 50.000 20.80% March 20.000 235. 2012 December 20.589 - - 10.900 197. 2009 April 28.000 - 8. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2014 LIBOR**) + 1.75**) 10.175.000 20. 2009 January 14. 2010 and 2009.000 50.000 70. **) The interest is receivable every 3 (three) months.65% LIBOR*) + 1.789 *) The interest is receivable every 6 (six) months. 2014 LIBOR**) + 2.50% March 20.40**) 8. d. 2013 LIBOR + 2.

**) US$ LIBOR 3 (three) months. unless otherwise stated) 7.117 3.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.10% 90. 2010 and 2009 (Expressed in millions of Rupiah. SECURITIES (continued) d) By Type and Issuer (continued): d. CORPORATE SOCIAL RESPONSIBILITY CLN represents a debt security where the coupon payments and principal repayment are linked to credit default event of the Republic of Indonesia (reference entity).7. 2012 December 20. the issuers will settle the CLN with bonds issued by the reference entity or cash at a certain amount. 2014 LIBOR**) + 1. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.00% 50. 2008 December 20.000.825 CORPORATE GOVERNANCE September 26.000.447.550 657. respectively.426) and US$41.625 2.567 Add: Unamortized premium Total *) US$ LIBOR 6 (six) months. 2010 and 2009 have a negative fair value of US$8.50% March 20.450 535.000. 2009 February 10.936.000.000 75.80% March 20. and eliminated the requirement to make the top-up payment.000 235. If credit default event occurs to the reference entity.750 234. respectively. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 57 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Credit Linked Notes (CLN) (continued) Effective Date Maturity Date 2009 Annual Interest Rate Nominal Value (US$) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Issuer Held-to-maturity United States Dollar Restructured in 2009 Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited The Royal Bank of Scotland The Royal Bank of Scotland Restructured in 2008 Credit Suisse International The Royal Bank of Scotland Cost February 11. 2014 LIBOR**) + 2. 2014 LIBOR**) + 1.65% LIBOR*) + 1. 2009 January 14.000 845. interest rate.750 234. BRI has restructured some of its CLN contracts by changing the nominal amount.912.875 2. During 2009.000 25.023.912. 2009 March 20.000 50.021 (equivalent to Rp72. and (iii) restructuring in which the payment terms are unfavorable to the creditors. 2010 and 2009 amounting to US$20. 2009 April 28. 2014 LIBOR**) + 1.000.069 and US$28. BRI will receive all interest payments and full principal repayment if there is no credit default event.50% June 20. which were recognized as derivatives payable in the consolidated balance sheets (Note 11).415). (ii) repudiation/moratorium.000 70. 2008 December 1.555.661 (equivalent to Rp390.288 and Rp271.000. period.000 25.000 469. The net gain from the decrease in negative fair value of the embedded credit default swaps was recognized as income for the years ended December 31. Credit default events that can occur to the reference entity among others are (i) failure to pay any matured obligation.854).207.000.952 (equivalent to Rp188.000. 293 . 2013 LIBOR*) + 2.650 469.875 704. The embedded credit default swaps as of December 31.

030 for the years ended December 31. which is recorded under “Unrealized gain in the value of securities and Government Recapitalization Bonds . have been sold with agreements to repurchase (Note 22).159 (34.71 SUBSIDIARIES g) BRI recognized net unrealized gain in the value of “Fair value through profit or loss” securities amounting to Rp3.846 for the years ended December 31.600 and Rp563.275 and Rp142. SECURITIES (continued) e) Movements of the allowance for impairment losses on securities: 2010 Rupiah Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No. respectively.321 and Rp122.449) 100 1. i) Government bonds amounted to Rp540. f) Average annual interest rates 2010 Rupiah United States Dollar 8.724 13.09% 3.859 MANAGEMENT DISCUSSION AND ANALYSIS 43. 2010 and 2009.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. respectively. 2010 and 2009.859 (12.135 2.700 as of December 31. 2010 and 2009. 55 (Revised 2006) (Note 39) Reversal during the year (Note 32) Ending balance 13. Management believes that the allowance for impairment losses on securities is adequate.net” in the consolidated statements of income.01% 3.510 2009 11.109 as of December 31. 2010 and 2009 (Expressed in millions of Rupiah. which is recorded under “Gain on sale of securities and Government Recapitalization Bonds .510 78. 55 (Revised 2006) (Note 39) Provision during the year (Note 32) Ending balance United States Dollar Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.250 57.510 and Rp57.109 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The minimum allowance for impairment losses on securities that should be provided based on Bank Indonesia regulations amounted to Rp1.250) 1.909) 43. 2010 and 2009. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 58 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.net” in the consolidated statements of income.81 2009 9. h) BRI recognized net gain resulting from the sale of securities amounting to Rp153. unless otherwise stated) 7. 294 .250 (43.

339 2009 547.840 699.110 551.107 136.172 (5.660 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY b) By Collectability : All export bills are classified as “Current” as of December 31.006 112.466 741. EXPORT BILLS a) By Type and Currency: 2010 Third parties Rupiah Domestic Documentary Letter of Credit Foreign currencies Export bills United States Dollar Japanese Yen Hong Kong Dollar European Euro Saudi Arabian Riyal Arab Emirate Dirham Great Britain Pound Sterling Australian Dollar Singapore Dollar Total Less: Allowance for impairment losses 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 42.660 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 59 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.418) 734.715 62.523 4.512) 545.1 year Total Less: Allowance for impairment losses 480.927 34. 2010 and 2009.757 (7.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.062 445.563 551.339 222. c) By Period: The classification of export bills based on their remaining period to maturity is as follows: 2010 Third parties ≤ 1 month > 1 month .034 218.757 (7. 2010 and 2009 (Expressed in millions of Rupiah.953 489.105 125. SECURITIES (continued) Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.418) 734.475 648 1.086 2.609 70.257 43. unless otherwise stated) 7.609 3.042 741.512) 545.921 15.3 months > 3 months .467 12. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.172 (5. 295 . 8.485 3.

404. 9. including the related interests on such bonds to the Government.000 500.000 2. all of which are bonds with fixed interest rates. respectively.5 years > 5 years .000 8. Based on the management contract dated February 28.469.418 and Rp5. 2010 and 2009.027. GOVERNMENT RECAPITALIZATION BONDS This account represents bonds issued by the Government related to BRI’s recapitalization program and Government Recapitalization Bonds purchased from the secondary market.10 years > 10 years 6.071 6.300 on July 25.512 1. On November 5.063.700 on October 31. unless otherwise stated) 8.617 (105) 5. 2010 and 2009 (Expressed in millions of Rupiah. CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE 2009 140.600.149.626.100.906 7. BRI received bonds issued by the Government with the nominal amount of Rp29.000 4. 2001.531 (Note 27a).000 13. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.1 year > 1 year .418 2009 5.100. BRI returned such bonds amounting to Rp85.400.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2000 and Rp8.500.512 as of December 31. 2000.744.000 in 2 (two) tranches at nominal amounts of Rp20. Management believes that the allowance for impairment losses on export bills is adequate.000 1.463 60 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000.000 3.074 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 296 .463 4.487.000 7.3 months > 3 months .512 MANAGEMENT DISCUSSION AND ANALYSIS The minimum allowance for impairment losses on export bills that should be provided based on Bank Indonesia regulations amounted to Rp7. In connection with the recapitalization program. EXPORT BILLS (continued) d) Movements of the allowance for impairment losses on export bills: 2010 Beginning balance Provision (Reversal) during the year (Note 32) Ending balance 5. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2001 between the Government with BRI and the Directors and Boards of Commissioners of BRI.469 should be returned to the Government and BRI will not earn the interest income on such bonds.026. they have agreed that the total Government Recapitalization Bonds needed for BRI’s recapitalization amounted to Rp29.000 15.003 800. therefore the recapitalization excess of Rp85. The details of Government Recapitalization Bonds are as follows: a) By Ownership Purpose and Remaining Period to Maturity: 2010 Fair value through profit or loss ≤ 1 month Available-for-sale ≤ 1 month Held-to-maturity > 1 month .000.

2010 and 2009.047. 2011 April 25. 297 . 2010. 2012 - 30.000.000 250.15 13.000 13. to repurchase as of The market values of several Government Recapitalization Bonds classified under fair value through profit or loss and available-for-sale ranged from 104. 2015 October 25.139 1.18 November 15.000 375.000 375.202 6. 2015 November 25.027.647.487. 2010 January 15. BRI recognized net loss from sales of Government Recapitalization Bonds classified as fair value through profit or loss amounting to Rp387 for the year ended December 31.000 375. 2011 January 15. 2019 July 25.000 each (Note 22).087.99% up to 110.074 Available-for-sale FR0014 FR0016 FR0017 FR0018 15.58 13. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 61 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.000 375.100.000 375.30% up to 111. 2010 February 15.315 6.000 7. 2020 4.net” in the consolidated statement of income. unless otherwise stated) 9.37% as of December 31. 2012 1. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.100.463 CORPORATE SOCIAL RESPONSIBILITY c) Other Significant Information: The schedule of interest payment for bonds series FR is every 6 (six) months.400.681 140.270.485 3. respectively.000 375.349 1.353.000 500. 2012 July 15.000 500.200 3.776 1.45 13. 2010 and 2009 amounted to Rp100.463 CORPORATE GOVERNANCE Held-to-maturity FR0011 FR0015 VR0020 VR0021 VR0023 VR0026 VR0027 VR0028 VR0029 VR0031 13.55 13.071 482. GOVERNMENT RECAPITALIZATION BONDS (continued) b) By Classification and Type: Annual Interest Rate (%) Maturity Date Fair Value/Acquisition Cost 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Series Fair value through profit or loss FR0010 FR0017 13.390 109. 2016 January 25.000. 2018 August 25.600.625.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2018 July 25.000 375.626.000 250. which was recorded under “Gain on sale of securities and Government Recapitalization Bonds .003 800.000 15. Government Recapitalization Bonds sold under agreements December 31.15 March 15.000 250. 2018 August 25.69% and 101.000 375. 2010 and 2009 (Expressed in millions of Rupiah. 2010 August 15.000 1.000 4. while for bonds series VR is every 3 (three) months.40 SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months SBI 3 months May 15.000 250.000 1.15 13.026.000 8.

511 124.275 for the year ended December 31.000 488.511 124. 10.000 263. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.887 . 2010. unless otherwise stated) 9. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.250 501. 2010 231. SUBSIDIARIES Starting January 1.000 80.000 566.000 115.381 CORPORATE SOCIAL RESPONSIBILITY Terms PT Bank Pan Indonesia Tbk Government Bonds Series FR0044 Series FR0044 Series FR0040 Resale Date Nominal Amount Resale Price Unrealized Interest Income Net Value 14 days 15 days 15 days January 4. 298 .000 255. 2010 January 12. 2010 January 12. SECURITIES PURCHASED WITH AGREEMENTS TO RESELL Securities purchased with agreements to resell as of December 31.000 2009 124.620 252. 2011 110.688 503.922 68. 2010 and 2009 consist of: 2010 Terms PT Bank Pan Indonesia Tbk Government Bonds Series FR0031 Series FR0040 Series FR0045 Resale Date Nominal Amount Resale Price Unrealized Interest Income Net Value CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 29 days 29 days 29 days January 14. 2011 January 14. 2011 January 14.217 504. which was recorded under “Unrealized gain in the value of securities and Government Recapitalization Bonds .814 68. GOVERNMENT RECAPITALIZATION BONDS (continued) c) Other Significant Information (continued): BRI recognized net unrealized gain in the value of Government Recapitalization Bonds classified under fair value through profit or loss amounting to Rp5.000 200.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.250 501.385 234. 2010 and 2009 (Expressed in millions of Rupiah.523 235. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 62 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.662 (108) (138) (529) (775) 200.net” in the consolidated statements of income. BRI assessed securities purchased with agreement to resell individually based on whether an objective evidence of impairment exist. 2009.381 - 124.620 252.

000 25.50% SBI*) + 0.40% December 9.840 3. 2010 LIBOR**) + 1.000.10% June 9.10% 11% Date Paid Effective August 10.000.05% SBI*) + 0.50% **) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Derivatives payable 5.000.921 (1.722 3.000 30. 63 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Cross currency and interest rate swaps BRI’s cross currency and interest rate swaps contracts as of December 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.000 20.000 40. ***) US$ LIBOR 6 (six) months. DERIVATIVES RECEIVABLE AND PAYABLE The summary of the derivative transactions are as follows: 2010 Transaction Cross currency and interest rate swaps Purchase and sale of foreign currency spot Foreign currency swaps Credit linked notes (Note 7) Derivatives receivable 78. 2010 LIBOR**) + 0.179 3. 2010 June 19. 299 . **) US$ LIBOR 3 (three) months. 2011 July 6. 2008 SBI*) .000.10% SBI*) + 0.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.000 100.654 5. 2011 September 7.80% LIBOR**) + 0.801 Derivatives payable 5.000.000 25. 2010 and 2009 (Expressed in millions of Rupiah.50% November 12. 2010 SBI*) September 7.673 72. 2010 SUBSIDIARIES Certificates of Bank Indonesia 3 (three) months.472 a. 2011 October 13. 2011 June 19.000. 2011 5.449) 143. US$ LIBOR 3 (three) months.10% *) Certificates of Bank Indonesia 3 (three) months.18% August 12. 2008 *) SBI + 1. 2010 SBI*) + 1.000.000.000 100.000 40.302 277.40% LIBOR**) + 1.742 144. 2007 Maturity September 20.40% LIBOR**) + 0.000 100.25% **) LIBOR + 0. 2009 Counterparties The Royal Bank of Scotland DBS Bank Standard Chartered Bank Standard Chartered Bank Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited Notional Amount (US$) 25.448 271. unless otherwise stated) 11. 2008 July 6.000 50.000.50% 11% LIBOR**) + 0. 2011 June 9. 2007 June 9. 2011 August 12.05% LIBOR**) + 1.000 25.50% July 21.25% LIBOR**) + 0.494 87.000 Annual Interest Rate Received LIBOR + 0.000.000.40% FINANCIAL REPORT FINANCIAL STATEMENTS SBI*) + 0.75% LIBOR***) + 0. 2010 5.50% LIBOR**) + 1.95% October 13. 2010 and 2009 are as follows: 2010 Counterparties The Royal Bank of Scotland The Royal Bank of Scotland DBS Bank DBS Bank Standard Chartered Bank Standard Chartered Bank Standard Chartered Bank The Hongkong and Shanghai Banking Corporation Limited *) **) Notional Amount (US$) 50.000.302 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Date Paid Effective Maturity December 9. 2011 July 21.870 2009 Transaction Cross currency and interest rate swaps Perfomance swap Credit linked notes (Note 7) Total Less: Allowance for impairment losses Derivatives receivable 141. 2008 April 19. 2010 September 21. 2007 July 5.000.10% LIBOR**) + 0. 2010 BRI 2011 LIBOR**) + 0. 2007 June 19.000 25.854 277.000 Annual Interest Rate Received *) SBI + 0.80% June 19.1.05% SBI*) + 0. 2011 November 14.000.288 81. 2010 June 9. 2011 June 23.

60% + Fx Performance Rate *) Based on the above contract.000. respectively and contractual amounts of Rp1. 2010 and 2009 (Expressed in millions of Rupiah. with the purchased contractual amount of Rp99.449 BRI 2011 FINANCIAL STATEMENTS FINANCIAL REPORT The minimum allowance for impairment losses on derivatives receivable that should be provided based on Bank Indonesia regulation amounted to Rp1.000.449 1. Fx Performance Rate is the comparison between Rupiah exchange rate to US$ as compared with Rp10. BRI has outstanding foreign currency spot contracts purchase and sale in United States Dollar (US$) with notional amounts of US$207.449) - 2009 1. 2009. 2008 Maturity December 27.251. Movements of the allowance for impairment losses on derivatives receivable: SUBSIDIARIES 2010 Beginning balance Adjustment on the beginning balance due to the implementation of SFAS No.purchase and sale As of December 31. DERIVATIVES RECEIVABLE AND PAYABLE (continued) a. 2010.449 as of December 31.000. BRI receives interest at US$ LIBOR 3 (three) months + 1. Cross currency and interest rate swaps (continued) Based on these contracts.449 (1.380 and sold contractual amount of Rp102. b. All derivatives receivable as of December 31. Foreign currency spots . 2009 as follow: Counterparties Notional Amount (US$) 80. + 1.859.400 (full Rupiah). 64 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010. BRI has outstanding foreign currency swaps contract in United States Dollar (US$) with notional amount of US$11.10% LIBOR + 0.000 and US$134. Foreign currency swaps As of December 31. BRI/counterparties receives funds in US$/Rupiah (equivalent US$ at the last date of contract period) and pays interest rate of US$ LIBOR 3 (three) months and 6 (six) months + certain margin per annum or the rate of Certificates of Bank Indonesia 3 (three) months + certain margin per annum.489.60% margin and foreign exchange performance rate (Fx Performance Rate). c.000 Annual Interest Rate Received LIBOR *) CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Date Paid Effective March 13.000.983 and Rp1. 2010 CORPORATE SOCIAL RESPONSIBILITY Standard Chartered Bank *) US$ LIBOR 3 (three) months. 2010 were not impaired and all derivatives receivable as of December 31.10% margin and pays interest at US$ LIBOR 3 (three) months + 0. unless otherwise stated) 11. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 300 .000.000. Performance swap BRI has performance swap contract as of December 31.204. 2009 were classified as “Current” based on Bank Indonesia’s collectability classification. 55 (Revised 2006) (Note 39) Provision during the year (Note 32) Ending balance 1. d.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.

276 CORPORATE GOVERNANCE Foreign currencies Working capital Investment Syndicated 11.999 41.684 68.080 4.883.510 in European Euro.450 7.607 and Rp18.125.022.596.032 and Rp4.986 246.196 and Rp12. 2010 and 2009 are Rp15.536 4. DERIVATIVES RECEIVABLE AND PAYABLE (continued) Management believes that the allowance for impairment losses on derivatives receivable is adequate.391 205.971 459.522.994 14.300 in Singapore Dollars. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.652 15.504.262 230.581.171 2. Rp3. respectively.075.003 CORPORATE SOCIAL RESPONSIBILITY Related parties Rupiah Working capital Employees Investment 366.678.323 5.997.302 87.238 (13.972.638 192.638.161 10.014.596 400.247. FINANCIAL REPORT FINANCIAL STATEMENTS 65 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.077 SUBSIDIARIES Total Less: Allowance for impairment losses 246.991.868.222 138.175 54.242.207 50.096.161 399. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.784 BRI 2011 Details of loans in foreign currencies as of December 31.510 in Japanese Yen.620.745 15.970 484. Rp632 and Rp nil in Great Britain Pound Sterling and Rp nil and Rp4. 301 .891) 194.389 74.394 (11.741.486 165.648 743 485. unless otherwise stated) 11.641 70.004.810 5. Rp21.467 7.178 14.454) 232. LOANS a) By Currency and Type: 2010 Third parties Rupiah Kupedes Working capital Consumer Investment Program Syndicated Others 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 75.727 205.070 13.503 Foreign currency Employees 481 460.933.279.371. 2010 and 2009 (Expressed in millions of Rupiah. 12.964.439.602.037.988.436.150 in United States Dollars.

057.055 192.723 899.190 1.037.454) 232.933 87.187 12.986 246.540 6.869 13.079 2.850 1. 2010 and 2009 (Expressed in millions of Rupiah.591.643 919.784 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 66 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.433. unless otherwise stated) 12.975.394 (11.896 326.218 728.313 92.733.964.620.024 3.591.891) 194.503 SUBSIDIARIES Foreign currency Others Total Less: Allowance for impairment losses 481 460.596 415.648 743 485.681 1.290.276 3.934 1.656 508.603 2.973.932 230.392 647.948.654 68.039 14. hotels and restaurants Mining Manufacturing Transportation.014.754.671 4.587 14.840.003 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY Foreign currencies Trading.238 (13.069.868 4. hotels and restaurants Agriculture Business services Manufacturing Construction Electricity.354.504.165.883. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.423 3. hotels and restaurants Others 362.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.279.773 906.560 10.022.727 205.077 246.435 4.157 10.175 71.994 484.343.205 10. gas and water Transportation.560.242.691 1.323 459.675.788.466.391 205.765.212 15.165 181. LOANS (continued) b) By Economic Sector: Third parties Rupiah Trading.195.236 726. 302 .595 5. warehousing and communications Social services Mining Others 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 82.862 17.843 64.629 553.057.544.428 99. warehousing and communications Agriculture Electricity.991.033.522.273. gas and water Construction Business services Social services Others 5.972.161 Related parties Rupiah Business services Trading.548.340 9.

3 months > 3 months .454) 232.037.295 5.972.930.128.759.1 year > 1 year .954 13.483 68.161 CORPORATE SOCIAL RESPONSIBILITY Related parties Rupiah ≤ 1 month > 3 months .235 44.991.5 years > 5 years 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 12.727 205.025.190 40.193 3.2 years > 2 years .596 194.1 year > 1 year .454.106 991.033 1.964.930.989 28.745.620.455 46.504. LOANS (continued) c) By Period: The classification of loans based on the remaining period until maturity is as follows: 2010 Third parties Rupiah ≤ 1 month > 1 month .022.991 1.668 175.889 230.208 192.811.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.346 15.014.242.344 666.969.3 months > 3 months . 303 .424 54.019 459.793 15.783 1. unless otherwise stated) 12.883.986 246.029.648 743 743 Foreign currencies > 2 years .182 192.5 years 481 481 460.445 325.859. 2010 and 2009 (Expressed in millions of Rupiah.279.025.5 years > 5 years 187.784 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 67 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.459 62.807.694 9.394 (11.873 27.2 years > 2 years .424 34.549. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.288.391 205.5 years > 5 years 1.800 1.2 years > 2 years .276 5.898 17.891) 194.238 (13.466.976 4.175 9.429.050 56.003 CORPORATE GOVERNANCE Foreign currencies ≤ 1 month > 1 month .957.725.1 year > 1 year .077 SUBSIDIARIES 485.503 Total Less: Allowance for impairment losses 246.994 484.382.522.637 85.578 1.280.

784 e) Other Significant Information: 1) Average annual interest rates for loans are as follows: 2010 Contractual Rate Rupiah Foreign Currency Effective Interest Rate Rupiah Foreign Currency 15.075.906 205. manufacturing.447.94% as of December 31. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 68 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.242. 304 .394 (11.279.88 2009 187.011.51 2009 16. unless otherwise stated) 12. by powers of attorneys to sell.23% up to 74.972. LOANS (continued) d) By Collectability : 2010 Individual Collective Current Special mention Substandard Doubtful Loss Total Less: Allowance for impairment losses 5.022 225. The target of these loans is micro business and fixed income employees that require additional funds.215. 3) Working capital and investment loans represent loans to customers for capital goods and working capital requirements.169 3.76% 6. 2010 and 2009.964.991. trading and others.891) 194. demand deposits.661.422 1. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.454) 232.541 11. in accordance with the maximum limit amount stated in the Kupedes manual.499 11. The economic sectors covered under Kupedes include agriculture.631 246.547.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 5) Program loans represent loan facilities channeled by BRI based on the guidelines from the Government to support the development of Indonesia’s small scale industry. middle and cooperative units and to finance the procurement of food supply by the National Logistics Agency (BULOG).503 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 2) The loans are generally collateralized by registered mortgages. 4) Consumer loans consist of housing.98% 3. 7) The syndicated loans represent loans provided to customers under syndication agreements with other banks.938. 2010 and 2009 (Expressed in millions of Rupiah.332 3.94% and from 12. respectively.77% 4.522. motor vehicles and other personal loans. BRI’s participation as member in the syndicated loans ranged from 12.66 22.238 (13.235 1.044.44% up to 74.018. 6) Kupedes loans represent credit facilities channeled by BRI through BRI’s Units.965 894.631.910 1. time deposits or by other guarantees generally accepted by banks (Notes 18 and 20).

989 28.623 25.483 415.401.364.218 158. The loan principal and interest payments were collected through monthly payroll deductions.372 9.84%. 10) Loans that have been restructured by BRI (Parent Company) in 2010 and 2009.101 16.466 362. LOANS (continued) e) Other Significant Information (continued): 8) Loans to employees which carry interest rate of 5.753 624.533 CORPORATE SOCIAL RESPONSIBILITY The terms of restructuring are generally the extension of payment period.256 1.854 276.00% . 2010 and 2009.619 305 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . BRI indicated that there is no debtor either related party or third party who has not complied with or exceeded the LLL. 9) The loans granted by BRI to related parties.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.472.680 1.5% per annum were intended for the acquisition of vehicles.940 559. 2010 and 2009 (Expressed in millions of Rupiah.12.668 229.182 192. 2010 amounted to Rp757. Difference between employee loan’s interest rates and Base Lending Rate (BLR) is deferred and recorded as deferred expense for employee loans as part of other assets.608 (Note 16). 2010 and 2009. 2010 and 2009 are as follows (unaudited): 2010 Restructured during the year In the process of restructuring 1.273 2009 194. The loan granted by BRI to related parties classified as “Current” as of December 31.50% for the year 2009.139 603.003 716. Deferred expense for employee loans as of January 1.971 372.528 3. houses and other necessities with 4 years to 20 years maturity.668 1. While effective interest rate for the year 2010 is between 10. unless otherwise stated) 12. other than loans to employees (Note 43) are as follows: 2010 PT Bringin Srikandi Finance PT Bringin Indotama Sejahtera Finance PT Bringin Karya Sejahtera PT Bringin Gigantara 187.13.416. 12) The details of non-performing loans and allowance for impairment losses by economic sector are as follows: 2009 2010 Trading.171 2009 2.299.131 343.00% . gas and water 69 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.00% .279 17. 11) In its report on Legal Lending Limit (LLL) to Bank Indonesia as of December 31.50% for the year 2010 and 12.654 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The contractual interest rate of loans granted by BRI to related parties is between 10. SUBSIDIARIES 4. hotel and restaurant Manufacturing Construction Agriculture Business services Social services Transportation.912 94. and are still in the process of restructuring as of December 31. 2010 (beginning balance) amounted to Rp696.595 and as of December 31.037 738.428.652 5.13.596 368.432 20. warehousing and communications Mining Electricity. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.034.

The minimum allowance for impairment losses on loans that should be provided based on Bank Indonesia regulation (Note 2f) amounted to Rp7.958 7. 13.968.879.551 784.182) 13.266) 7. unless otherwise stated) 12. based on Bank Indonesia regulation.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.55 (Revised 2006) (Note 39) Provision during the year (Note 32) Recoveries Loans written off during the year Foreign currency translation Ending balance 11.104) (258.377. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.646.322.787 (7.646 and Rp7.534.535.468 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 70 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.991.231. respectively. LOANS (continued) e) Other Significant Information (continued): 12) The details of non-performing loans and allowance for impairment losses by economic sector are as follows (continued): 2010 2009 Others Total Less: Allowance for impairment losses 1.133 MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The ratio of gross non-performing loans (gross NPL ratio) of BRI (Parent Company) to total loans.123 9.099.081) (186.140 5.891 CORPORATE SOCIAL RESPONSIBILITY BRI’s allowance for impairment losses balance includes the allowance for disaster prone areas amounting to Rp3.584 and Rp1.454 2009 7. 2010 and 2009.527) 2.150 (2. respectively (Notes 2f and 37).279.344. 306 . 2010 and 2009 (Expressed in millions of Rupiah.696.78% and 3. is 2.891 (17. 2010 and 2009. Management believes that the allowance for impairment losses on loans is adequate. ACCEPTANCES RECEIVABLE AND PAYABLE The details of acceptances receivable from customers are as follows: a) By Type and Currency: Rupiah Domestic Document Letters of Credit 2010 2009 24.964.235) 11.940 775. respectively. 2010 and 2009.506. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37.891.236) 2.903.660 (4.913 as of December 31.743.109 as of December 31.52% as of December 31.279. 13) Movements of the allowance for impairment losses on loans: 2010 Beginning balance Adjustment on the beginning balance due to The implementation of SFAS No.092 (4.

c) By Period: The classification of acceptances receivable based on the remaining period until maturity is as follows: 2010 ≤ 1 month > 1 month .939 53.132 103. Rp17. acceptances receivable classified as ”Current”.878 (6.258 328.214 CORPORATE GOVERNANCE Acceptances payable represent the same amount as acceptances receivable from customers (before allowance for impairment losses). 307 . all acceptances receivable are classified as “Current”.598 294.214 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES d) Movements of the allowance for Impairment Losses on Acceptances Receivable is as follows: 2010 Beginning balance Provision (reversal) during the year (Note 32) Ending Balance 4. while as of December 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.088 767 46.167 6.833.839 (337) 4.669 2009 4.175 35.878 666.3 months > 3 months . respectively.878 (6.502) 348. 2009. unless otherwise stated) 13.148 666.669) 660. ”Special mention” and ”Loss” amounted to Rp332. 2010 and 2009 (Expressed in millions of Rupiah.248 352.349 85. 2010.502) 348.209 2009 213.209 224.957 and Rp1.1 year Total Less: Allowance for impairment losses 269.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.502 2. ACCEPTANCES RECEIVABLE AND PAYABLE (continued) a) By Type and Currency (continued): Foreign Currencies Import Letters of Credit and Domestic Document Letters of Credit United States Dollar European Euro Singapore Dollar Hong Kong Dollar Australian Dollar Total Less: Allowance for impairment losses 2010 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 631.716 (4.428 352.792 47.343 9.926.502 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 71 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. b) By Collectability : As of December 31.716 (4.090 613 666.669) 660.

750 109.776 (1.380 134.888 Total Less: Allowance for impairment losses SUBSIDIARIES 2009 Accumulated Equity in Net Earnings of Associate Company Company Name BRI 2011 Type of Business Percentage of Ownership Cost Carrying Value Related parties Equity Method PT BTMU-BRI Finance Third parties Cost Method PT Kustodian Sentral Efek Indonesia Financing 45. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37. 14. 308 .00 8.477 FINANCIAL STATEMENTS FINANCIAL REPORT Central securities depository institution 3. ACCEPTANCES RECEIVABLE AND PAYABLE (continued) d) Movements of Allowance for Impairment Losses on Acceptances Receivable is as follows (continued): The minimum allowance for impairment losses on acceptances receivable that should be provided based on Bank Indonesia regulation amounted to Rp6. 2010 and 2009 (Expressed in millions of Rupiah.130 Central securities depository institution Investment Credit rating 3. Management believes that the allowance for impairment losses on acceptances receivable is adequate.750 86.669 and Rp4. unless otherwise stated) 13.502 as of December 31. INVESTMENT IN SHARES OF STOCKS The details of investment in shares of stocks are as follows: 2010 Accumulated Equity in Net Earnings of Associate Company CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Company Name Related parties Equity Method PT BTMU-BRI Finance Third parties Cost Method PT Kustodian Sentral Efek Indonesia PT Sarana Bersama Pembiayaan Indonesia PT Pemeringkat Efek Indonesia Type of Business Percentage of Ownership Cost Carrying Value CORPORATE SOCIAL RESPONSIBILITY Financing 45.646 135. respectively.00% 24.00% 24.10 900 536 210 1.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.00 2.727 111. 2010 and 2009.888) 133. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.00 900 72 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

646 113.888 and Rp1. BRI received cash dividends from PT Pemeringkat Efek Indonesia amounting to Rp147 and Rp24.888 2009 1. respectively. 309 . except for investment in shares of stock of PT Sarana Bersama Pembiayaan Indonesia which were classified as “Loss”. In 2010 and 2009. from the distribution of income at the end of year 2009 and 2008.10 536 210 1.123 (1. all investments are classified as “Current”.662 CORPORATE SOCIAL RESPONSIBILITY The minimum allowance for impairment losses on investment in shares of stocks that should be provided based on Bank Indonesia regulation amounted to Rp1.662 226 1. INVESTMENT IN SHARES OF STOCKS (continued) 2009 Accumulated Equity in Net Earnings of Associate Company COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Company Name Third parties (continued) Cost Method (continued) PT Sarana Bersama Pembiayaan Indonesia PT Pemeringkat Efek Indonesia Type of Business Percentage of Ownership Cost Carrying Value Investment Credit rating 8. 2010 and 2009 (Expressed in millions of Rupiah.00 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Information with respect to classification of not impaired and impaired financial assets is disclosed in Note 37. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 73 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 2010 and 2009. Movements of the allowance for impairment losses on investment in shares of stocks is as follows: 2010 Beginning balance Provision during the year (Note 32) Ending balance 1.662 as of December 31.461 Total Less: Allowance for impairment losses CORPORATE GOVERNANCE As of December 31.443 219 1.662) 111. unless otherwise stated) 14. 2010 and 2009. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. respectively. Management believes that the allowance for impairment losses on investment in shares of stocks is adequate.

049 15.219 4.836.491 3.349.528 302.542 1. unless otherwise stated) 15.516 50.908 486.655.252 2.793 184 4.459 2.242 771 5.448 51.296 772 3.082 142. 310 . 2010 and 2009 (Expressed in millions of Rupiah.877.633 1.008 12.813 536.983 3.912 511.173 4.400 2.478 6.578.290 441.835.789 3.025.591 231.013 CORPORATE GOVERNANCE 669.212 67.404.952 511.349.158 753.270 2.592 138 302.446 46.796 1.919 1.138 664.945 CORPORATE SOCIAL RESPONSIBILITY Total Accumulated Depreciation Net book value 2009 Description Carrying Value Direct Ownership Landrights Buildings Motor vehicles Computers and machineries Furniture and fixtures Museum assets Assets under finance leases Total Carrying Value Beginning Balance Additions Deductions Ending Balance SUBSIDIARIES 223.566.918 500.813 2.339 1.345 634.941.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.857 217.860 184 4.068 1.047 1.550 7.082 142.109 2.143 58.568.596.219 4.349 45. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.954 22.765 154.536 28.945.617 24.700 503.159.945.860 184 4.275 43.159 21.952 51. PREMISES AND EQUIPMENT Premises and equipment consist of: 2010 Description Carrying Value Direct Ownership Landrights Buildings Motor vehicles Computers and machineries Furniture and fixtures Museum assets Assets under finance leases Total Carrying Value Accumulated Depreciation Direct Ownership Buildings Motor vehicles Computers and machineries Furniture and fixtures Assets under finance leases Beginning Balance Additions Deductions Ending Balance MANAGEMENT DISCUSSION AND ANALYSIS 231.912 60 600 14.782 9.802 97.575.215 93.289.977 151.138 664.542 1.614 57.008 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 74 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.998.788 62.907 244.906 4.621 14.282 439.159.941.211.366.458 736.252 2.730 402 13.749 550.194 30.405.813 536.400 49.412 184 5.748 541.789 3.058 597.428 179.260 2.238 3.

550 425. respectively. 2010 and 2009.796 1.727.837 311 FINANCIAL REPORT FINANCIAL STATEMENTS .288 52.124 3.116 SUBSIDIARIES BRI 2011 43.149 669.025 36.195 493.659 1.179 170. PREMISES AND EQUIPMENT (continued) 2009 Description Accumulated Depreciation Direct Ownership Buildings Motor vehicles Computers and machineries Furniture and fixtures Assets under finance leases Total Accumulated Depreciation Net book value Beginning Balance Additions Deductions Ending Balance COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 614.578.730 and Rp407.983 3.575.720 407.442 54. CORPORATE SOCIAL RESPONSIBILITY 2009 597.575 104. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.610. 2010 and 2009.238 3.861 133.124 13.608 575.392 614.566 1.544.112 1.639 15.703 171.108 39.251 65.530 6.908 486.366.042 45.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.064 13.732 44.967 1.730.290 2.203 405.379 for the years ended December 31.459 3.646 1.452.919 1.434 1.307 and Rp7. OTHER ASSETS Other assets consist of: 2010 Rupiah Deferred expense for employee loans (Note 12e) Interests receivable Government Recapitalization Bonds Securities Placements with Bank Indonesia and other banks Loans Prepaid expenses Office supplies Repossessed assets Others 757. respectively (Note 34).024 2.250.066.676 415. unless otherwise stated) 15.748 541.683 5.424 80.698 17.379 4. BRI has insured its premises and equipment (excluding landrights) for impairment losses due to risks of fire and theft by PT Asuransi Bringin Sejahtera Arthamakmur (Subsidiary of Dana Pensiun BRI) with coverage amount of Rp7.988 Foreign currencies Interest receivables Securities Loans Others Prepaid expenses 75 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.212 CORPORATE GOVERNANCE Depreciation charged to current operations which is reported in the consolidated statements of income amounted to Rp302. 2010 and 2009 (Expressed in millions of Rupiah. 2010 and 2009.350.080 1. 16.877.513.507 1.681 for the years ended December 31. Management believes that there is no impairment in the value of premises and equipment as of December 31.304.849 196.813 2.699 194.806.356 84.221 4.483 59.

232 BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE Demand deposits consist of: 2010 Third parties Rupiah 70.361 4.921 (203.610.347 2.880.533 5.794.736 4.895 161.933 Total Less: Allowance for impairment losses 5.364 2. repossessed assets and abandoned property. LIABILITIES DUE IMMEDIATELY Liabilities due immediately consist of: 2010 Rupiah Advance payment deposits Credit card deposits Insurance deposits Tax payment deposits Remittance deposits Deposits for channeling loans Bank drafts and BRI travelers’ checks (Cepebri) Deposits for clearing Others 692.391 267. 17. Management believes that the allowance for impairment losses on other assets is adequate.896.826 58.194 37.171 15. unless otherwise stated) 16.784 121. 312 .346. allowance for possible losses on actual cases.482 276.573 4.083. OTHER ASSETS (continued) 2010 Foreign currencies (continued) Others 216.768 126.421 MANAGEMENT DISCUSSION AND ANALYSIS The allowance for impairment losses mainly represents allowance for suspense accounts in branches.142) 4.123.595 184.333.199 16.316 57.014 65. DEMAND DEPOSITS 2009 527.100 167.203 86.124. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.649 (559.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.246.278 Foreign currencies Remittance deposits Others 347 65.058.168 39.387 58.639 18.228) 5.779 2009 118.701 2009 41. 2010 and 2009 (Expressed in millions of Rupiah.659 370 86.402 157.912 292.977 4. other receivables from third parties.701 FINANCIAL STATEMENTS FINANCIAL REPORT 76 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.235.

19.518 50.404. Rp27.068. DEMAND DEPOSITS (continued) 2010 Third parties (continued) Foreign currencies 6. unless otherwise stated) 18.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.649 and Rp3.570 in European Euro. 2010 and 2009.718 125.163 and Rp5.41% for the years ended December 31.964.159 3.921 in Great Britain Pound Sterling. Rp402.271.135 125.867 as of December 31. respectively.723 and Rp70.917.469 SUBSIDIARIES 52.095 1.735 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS The average annual interest rates for savings deposits are 2.596 77.392.683 in Japanese Yen.322 in United States Dollars.614 2.383 64. Demand deposits used as collateral for banking facilities granted by BRI amounted to Rp3.197.73 2009 8.609 and Rp194.042.913 49.612.687 38.400 77. Rp45.385 in Singapore Dollars and Rp 6.302 49.297 Related parties Rupiah Foreign currencies 3.60% 0.048.255.130 1. 2010 and 2009 amounted Rp6.241 6.749 in Hong Kong Dollars. respectively.687 104.88% 0.348. 2010 and 2009. Rp52.535 47.601 2. 313 .46% and 2.266 104.230 and Rp11.43 2009 3.145. 2010 and 2009 (Expressed in millions of Rupiah.613. Rp38. 77 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. respectively.959.276.292.276 and Rp14.219 and Rp8.697 Average annual interest rates for demand deposits are as follows: 2010 Rupiah Foreign currencies 3.198 and Rp33.916 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The details of demand deposits in foreign currencies on December 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.701 5. SAVINGS DEPOSITS Savings deposits consist of: 2010 Third parties Rupiah Simpedes Britama Others Related parties Rupiah Britama 2009 CORPORATE SOCIAL RESPONSIBILITY 76.984 in Australian Dollar.118.

453 103.242 11.058.216 212.676 479. 314 .575 99.914 11.966 482.257 10.462 25.922.774 188.382.727 17.842.774 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY FINANCIAL STATEMENTS FINANCIAL REPORT Related parties Rupiah Deposits on call Deposits 1 month 3 months BRI 2011 50.525 100.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.199 1.058.703 22.516 3.314. 2010 and 2009 (Expressed in millions of Rupiah.240.784.199 17.894.366 1.676 7. TIME DEPOSITS Time deposits consist of: 2010 Third parties Rupiah Foreign currencies Related parties Rupiah Foreign currencies 103.352 22.820 614.902.586 Time deposits based on their contract periods are as follows: 2010 Third parties Rupiah Deposits on call Deposits 1 month 3 months 6 months 12 months More than 12 months Foreign currencies Deposits on call Deposits 1 month 3 months 6 months 12 months More than 12 months 2009 2009 82.187 37.600 43.933.737 2.173.393.299 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 13.905 1.803 155.983.485.324 125.600 78 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.788 191.333 3.636 3.341.784.980 99.105.642.934.004 22.309.324 125.826.842.034.352 2. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.929 49.774.893.485.944 2.347 1.272 3.676 82.341. unless otherwise stated) 20.128 407.826.244.933 182.575 99.712.052.029 3.800 2.910 126.436 11.496 24.

586 2. 2010 and 2009 (Expressed in millions of Rupiah.595.640.90 CORPORATE SOCIAL RESPONSIBILITY The details of time deposits in foreign currencies at December 31.460 and RpNil in Singapore Dollar.737 2.861 800 188.416 as of December 31. respectively.263 7.929.131 and Rp16. Rp227.500 1.578.277 6.944 19.179 67.180 608 2.475.246 in European Euro and Rp1.906 465.780 285. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009. unless otherwise stated) 20.00% 2.510 2. TIME DEPOSITS (continued) 2010 Related parties (continued) Rupiah (continued) Deposits (continued) 6 months 12 months Foreign currencies Deposits 1 month 3 months 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 17.910 126. respectively.604 3.788 191.41 2009 9.000 4.343.190 2.259.851 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 79 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Time deposits used as collateral for banking facilities granted by BRI amounted to Rp108.000 975.525 100.933 and Rp85. 315 .299 CORPORATE GOVERNANCE Average annual interest rates for time deposits are as follows: 2010 Rupiah Foreign currencies 7. 2010 and 2009 amounted to Rp22.71% 3.196 770 2.900 800 479. 21.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.034.699 and Rp421.117 in United States Dollar.309. DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS Deposits from other banks and financial institutions consist of: 2010 Third parties Rupiah Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money 2009 SUBSIDIARIES 80.966 482.

500 1.475.600 685.343.000.160.331 46.199 116 - 168 144.24 2009 0. time deposits and inter-bank call money based on sharia banking principles amounting to Rp4. 2010 and Rp1.163. Rp903.160. DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS (continued) 2010 Foreign currencies Demand deposits Time deposits Inter-bank call money 168 144. Rp666. savings deposits.356 and Rp40.160. unless otherwise stated) 21.000 4.535.3 months > 3 months .368 540.600 685.19 2009 1.056 4.600 685. Rp337.315 2009 3. 2009.468. Rp3. Average annual interest rates for deposits from other banks and financial institutions are as follows: Rupiah 2010 Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money 2.063 116 116 - 80. respectively as of December 31. 2010 and 2009 (Expressed in millions of Rupiah. 316 .906 465.263 7.70% 2.49 6.368 540.136 5. respectively as of December 31.510 2.99 6.449.578.60 2.1 year Total Third Parties Rupiah Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money 80.02 % 2.22 6.263 7.15% 3.613 and Rp10.907 MANAGEMENT DISCUSSION AND ANALYSIS In the deposits from other banks and financial institutions.750 520.343.000 4.510 2.136 5.179 SUBSIDIARIES Foreign Currencies Demand deposits Time deposits Inter-bank call money 168 144.975 469.20 Foreign Currency 2010 0.315 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 80 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.500 1.790 465.98 7.368 540. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.136 5.05 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE The classification by period of deposits from other banks and financial institutions based on their remaining period until maturity are as follows: 2010 ≤ 1 month > 1 .49 6.475.24% 0.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.95 2.578. there are demand deposits.000.93 6.

2011 September 29. 2010 100.000 947.604 3.3 months > 3 months .421.155 27.662 21.547 27.750 520.600 640.000 102.1 year Total COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Third Parties Rupiah Demand deposits Savings deposits Deposits on call Time deposits Inter-bank call money Foreign Currency Demand deposits Time deposits Inter-bank call money 67.595.780 285.050 27.662 21.155 1. PLC Government Bond Series RI0014 Series RI0015 Series RI0016 Series RI0017 Series RI0018 Series RI0035 Series RI0037 Series RI0038 Terms Repurchase Date Nominal Amount Repurchase Price Unamortized Interest CORPORATE SOCIAL RESPONSIBILITY Net Value 94 days January 17.030 45.030 45.030 540.449.181 35.277 6. unless otherwise stated) 21.277 6.181 35.331 46.595.181 35. AG Government Recapitalization Bond Series FR0017 Foreign Currencies Barclays Bank. 317 . 2011 September 29. 2010 and 2009 (Expressed in millions of Rupiah. 2011 207.180 423. 2011 100.190 2. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. DEPOSITS FROM OTHER BANKS AND FINANCIAL INSTITUTIONS (continued) 2009 ≤ 1 month > 1 .190 2. 2011 September 29.056 4. 2011 September 29.901.975 469.422 21.181 35.613 526. AG Government Recapitalization Bond Series FR0017 Terms Repurchase Date Nominal Amount Repurchase Price Unamortized Interest Net Value BRI 2011 92 days January 15.180 423.851 3.491 3.056 4.205 1.600 162.752 730 days 730 days 730 days 730 days 730 days 730 days 730 days 730 days September 29.000 975.752 - 102.750 520. 2011 September 29.000 103.205 1.070 27.205 67.155 27.929.422 21.246 (494) 102.604 3.301 21.613 526.110 27.420 285.385 49. 2011 September 29.907 CORPORATE GOVERNANCE 22. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE Securities sold with agreements to repurchase consist of: 2010 Type of securities Rupiah Deutsche Bank.301 77.385 49.301 21.331 46.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.365 - 162. 2011 September 29.365 SUBSIDIARIES 2009 Type of securities Rupiah Deutsche Bank.301 77.230 63.752 FINANCIAL REPORT FINANCIAL STATEMENTS 81 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.975 469.050 99.

721 150.892.568.601) (1.702 23. 2011 September 29.644.703. SECURITIES SOLD WITH AGREEMENTS TO REPURCHASE (continued) 2009 Type of securities Foreign Currencies Barclays Bank.611.646 39. 2011 September 29. 2009 Others 2010 2009 62.819 60.365 19.685 13.646 472.809 22.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.345 28.174 23.509 CORPORATE SOCIAL RESPONSIBILITY 2.696 32. PLC Government Bond Series RI0014 Series RI0015 Series RI0016 Series RI0017 Series RI0018 Series RI0035 Series RI0037 Series RI0038 Terms Repurchase Date Nominal Amount Repurchase Price Unamortized Interest Net Value MANAGEMENT DISCUSSION AND ANALYSIS 639 days 639 days 639 days 639 days 639 days 639 days 639 days 639 days September 29.895 as of December 31.376 106.410 23.712 544.185 563.545 3.975 103.085 65.937 106.464 CORPORATE GOVERNANCE 23.615 9.147 32. 2011 September 29.980 22.5 years > 5 years BRI 2011 9.930 9. 2011 216.975 28.646 39.086 441.073 45.641) (1.209 ) (31.930 9.700 181.533 22.167 (11.964) (3.net of deferred provision of Rp1.703 ) 169.921 576.205 9.541 28.1 year > 1 year .092 12.494 16.813 150.287 55.092 13.454. 2011 September 29.323 51.082 67. 2011 September 29.700 663.185 46.3 months > 3 months .399 SUBSIDIARIES The classifications by period of fund borrowings based on their remaining period until maturity are as follows: 2010 2009 Third parties Rupiah > 1 month .086 36.086 36.460. 2010 and 2009 (Expressed in millions of Rupiah. FUND BORROWINGS Fund borrowings consist of: Third parties Rupiah Borrowings from Bank Indonesia Liquidity loans Borrowings for investments in premises and equipment Others Foreign currencies Bilateral borrowings .809 80. 2011 September 29.410 86.560) (31. 318 .000 6. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.509 FINANCIAL STATEMENTS FINANCIAL REPORT 82 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.560) (2.615 104.185 46.722) (1.890 13.560) (2.347. 2011 September 29. unless otherwise stated) 22.765 28.601) (5.

3 months > 3 months . FUND BORROWINGS (continued) Third parties (continued) Foreign currencies ≤ 1 month > 1 month .348 3. 2010.819 35.703. Investment Loans.49% for the years ended December 31.3 months > 3 months .545 5.231.044 3.157.368.971 3.073 104.000. The average annual interest rate on these borrowings is 5. 2007. This borrowing facility is used to finance BRI’s general activities.000.890 13. 2010 and 2009 is as follows: 2010 > 1 month . These borrowings are due in 2016.1 year > 1 year . Primary Cooperatives of Sugar Cane Farmers Loans. Permanent Working Capital Loans.344 1. (ii) Borrowings for Investments in Premises and Equipment This account represents loans obtained for the construction of certain offices for BRI’s micro units all over Indonesia.494 16.00% for the years ended December 31.541 28. 2010 and 2009.10% per annum.399 Other significant information relating to fund borrowings are as follows: (a) Borrowings from Bank Indonesia (i) Liquidity Loans This account represents credit facilities obtained from Bank Indonesia that are channeled to BRI’s debtors for purposes of. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. unless otherwise stated) 23.460. bilateral borrowings held by BRI represent a loan facility from Standard Chartered Bank of US$80.696 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The average annual interest rates on these loans are 5. 2010 and 2009 (Expressed in millions of Rupiah.397 4. FINANCIAL REPORT FINANCIAL STATEMENTS 83 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.611. among others.5 years COMPANY PROFILE 2010 2009 MANAGEMENT DISCUSSION AND ANALYSIS 695.531 13.347.675. respectively. 319 .454.5 years 9. which is paid every 3 (three) months.1 year > 1 year .082 67.930 9.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The annual interest rate of this facility is LIBOR plus margin of 1.878 9. (b) Bilateral borrowings SUBSIDIARIES BRI 2011 On December 27.307 227. Fertilizer and others. This facility has been settled by BRI on December 27.147 2009 9. respectively. BULOG and Village Cooperative Units Loans.834 62.13% and 5.749. The classification by period of liquidity loans from Bank Indonesia based on their remaining period until maturity as of December 31. 2010 and 2009.

743 901.306 Other borrowings facilities represent short-term borrowings obtained from several foreign banks with terms from 1 (one) month up to 3 (three) years and bear interest rate at LIBOR or SIBOR plus a certain margin. A. Brussels Wachovia Bank.612 1.645 541.073 449. respectively (Note 7d).000.721 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE SOCIAL RESPONSIBILITY 3.301 1.A.644.A. FUND BORROWINGS (continued) (b) Bilateral borrowings (continued) On September 29.800 375. For the facility from Standard Chartered Bank of US$100. unless otherwise stated) 23. The Hongkong and Shanghai Banking Corporation Limited JP Morgan Chase Bank. Sumitomo Mitsui Banking Corporation Citibank. including refinancing borrowing facilities which are collateralized by letters of credit issued by BRI.A. The annual interest rate of the facility from Standard Chartered Bank is LIBOR plus 4.700 774.936 446.952 144. 2011.G.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. N.857 1.000.672 6.000.376 2009 13.895 40.800 365.000. BRI gives collateral such as the Credit Linked Notes (CLN) of Standard Chartered Bank and HSBC amounting to US$90. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 84 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.436 292.661. The Bank of Nova Scotia Raiffeisen Zentralbank Osterreich.681 488. Others 12.000.892.000. N. 2010.75% margin and the interest is paid every 3 (three) months.945 9.126 417.A. 2010 and 2009 (Expressed in millions of Rupiah. (c) Other Borrowings 2010 Rupiah Others Foreign currencies Oversea-Chinese Banking Corporation Limited The Royal Bank of Scotland Standard Chartered Bank CoBank Bank of America N.G. A.900 375.049. 320 .000. N.00% margin and from Panin Bank is LIBOR plus 3.510 563.930 4.000 and US$70. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.613.027. These facilities will be due and payable in one lumpsum on September 27. BRI entered into a bilateral loan with Standard Chartered Bank and PT Bank Pan Indonesia Tbk (Panin Bank) of US$100.906.657.406 SUBSIDIARIES 6.031 4. ING Belgium N. 2009 and September 27.000 and US$200. which is used to fulfill liquidity needs to anticipate BRI’s business expansion. respectively.685 9.000. Commerzbank.V.

037 11.527 2.169.515 93.693 69.428 264.204 81.422 and Rp101.890. 2010 and 2009.545 18.645 23.529) 69. unless otherwise stated) 24. 2010 and 2009 (Expressed in millions of Rupiah.970 69.929 11.422 2009 17.907 81.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.422 b) Movements of estimated losses on commitments and contingencies are as follows: 2010 Rupiah Beginning balance Provision during the year Ending Balance Foreign currencies Beginning balance Provision (reversal) during the year Ending Balance 20.037 - 3.515 93.076 264.693 3.737 2009 18.577 FINANCIAL REPORT FINANCIAL STATEMENTS 85 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.737 as of December 31. Management believes that the allowance for estimated losses on commitments and contingencies is adequate.907 50.501 2.835 81. c) The collectability of commitments and contingencies in off-balance sheet accounts (Notes 2f and 42) are as follows: 2010 Current Third parties Rupiah Guarantees issued Outstanding irrevocable L/C Special Mention Sub-standard Doubtful Loss Total SUBSIDIARIES BRI 2011 1.262 2.166 20.737 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The minimum estimated losses on commitments and contingencies that should be provided based on Bank Indonesia regulation amounted to Rp93.044 (11.611 3.214 23.905. respectively.611 - 1.761 2.932 20.501 2. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.209 11. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES a) The details of estimated losses on commitments and contingencies which bear credit risk are as follows: 2010 Rupiah Guarantees issued Outstanding irrevocable L/C Foreign currencies Outstanding irrevocable L/C Guarantees issued 21.044 101.693 63.840 17.154.044 101. 321 .

OTHER LIABILITIES Other liabilities consist of: 2010 Third parties Rupiah Bonuses and incentives Provision for pension preparation period (Note 41e) Unearned income Provision for grand leaves (Note 41e) Provision for gratuity for services (Note 41e) Provision for litigation liabilities (Note 44b) Provision for work separation scheme (Note 41d) Interests payable Provision for timely-payment of interests (Note 2w) Defined benefit pension plan (Note 41a) Guarantee deposits Others Foreign currencies Interests payable Guarantee deposits Unearned income 86 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.443 8.454 468.276 6.210 - 3.884 957.347 CORPORATE SOCIAL RESPONSIBILITY 25.747 30.896.173 13.532 2.777 517. 2009 BRI 2011 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.381 9.348 10.712.563. 2010 and 2009 (Expressed in millions of Rupiah.905 1.230 463.257 - - - - 1.827 3.661.569 581.162.094.585 548.241 71.295 6.733.611 3.443 8.163.862 1. unless otherwise stated) 24.682 314.852.783 628.569 785.460.256 258.552 2.720.552 2.933 8.510 2009 Current Third parties Rupiah Guarantees issued Outstanding irrevocable L/C Special Mention Sub-standard Doubtful Loss Total CORPORATE GOVERNANCE 1.615 51.257 Foreign currencies Outstanding irrevocable L/C Guarantees issued 6.373.647 1.779 67. ESTIMATED LOSSES ON COMMITMENTS AND CONTINGENCIES (continued) c) The collectability of commitments and contingencies in off-balance sheet accounts (Notes 2f and 42) are as follows (continued): 2010 Current Third parties (continued) Foreign currencies Outstanding irrevocable L/C Guarantees issued Special Mention Sub-standard Doubtful Loss Total MANAGEMENT DISCUSSION AND ANALYSIS 4.189 515.557.425.442 359.106 6.090 10.638 1.372.705 216.266 130.410 446.513.092 50.740 445.069.705 216.675 885.984 189 2.720.353 1.138 252. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.605 - 742 742 742 - - 6.723 5.827 3.032 FINANCIAL STATEMENTS FINANCIAL REPORT SUBSIDIARIES 322 .667.750 448.933 8.936 323.123.124 878.827 4.827 1.093.343.567 55.069.852.896.

766. 2010.000 2.687. 2004. The Subordinated Bonds I has been settled by BRI on January 9. or at an earlier th date if BRI exercised a call option. Subordinated Bonds I On January 9. BRI may buy back the Subordinated Bonds I partially or in full to resell in the future or for settlement considering the existing regulations. The Subordinated Bonds I are not guaranteed with specific collateral from BRI or by the Republic of Indonesia and are not included in the bank guarantee program implemented by Bank Indonesia. 2010 and 2009 (Expressed in millions of Rupiah. through its letter No. unless otherwise stated) 25. 2014 (10 anniversary after the issuance date).026 201.000 Bank BRI Subordinated Bonds I Year 2004 with a fixed interest rate registered at the Surabaya Stock Exchange (currently the Indonesia Stock Exchange). As of December 31. 2003. The Subordinated Bonds I will be due and must be settled with the same value as the principal in the Jumbo Certificate of th Subordinated Bonds on January 9.234 162. BRI’s Subordinated Bonds I 2004 obtained ratings of “id AA+”. The trustee of this Subordinated Bonds I is PT Bank Mandiri (Persero) Tbk.947 2. 5/84/DPWB2/PW/B24 dated August 15. 2009.475 7. OTHER LIABILITIES (continued) 2010 Third parties (continued) Foreign currencies (continued) Others 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 198. 87 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. from PT Pemeringkat Efek Indonesia. SUBORDINATED LOANS BRI has obtained subordinated loans in Rupiah with details as follows: 2010 Rupiah Subordinated bonds I Subordinated bonds II Two-step loans Less: Deferred issuance cost 1.181 a. The Subordinated Bonds I were issued at 100.422 323 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . 2010 (6 anniversary after the issuance date). The net proceeds from the issuance of the Subordinated Bonds I will be used to increase earning assets and at the same time to strengthen the capital structure of BRI to conform with Bank Indonesia regulation. 2009 500. BRI issued Rp500. After the first anniversary.000. on January 9.411 9.243 305.00% of their nominal value with fixed annual interest rate of 13.50%.068.716 26.000 187. The issuance and classification of the Subordinated Bonds I as Subordinated Loans have been approved in principle by Bank Indonesia. Indonesian Bank Restructuring Agency or its replacement.678.358) 2.558 555.780 (9.993. payable every 3 (three) months.156.181 2.156.780 2. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.

or allowing or giving approval to Subsidiaries to conduct merger and or separation and or dissolution and or acquisition.000. 324 . The Subordinated Bonds II will be due and must be settled with the same value as the principal of the Subordinated Bonds on December 22. 2010 and 2009 (Expressed in millions of Rupiah. Principal repayment of the Subordinated Bonds can only be done after receiving approval from Bank Indonesia. The Subordinated Bonds II are not guaranteed by special collateral nor guaranteed by the Republic of Indonesia or other third parties and are not included in the bank guarantee program implemented by the Deposit Insurance Corporation or other insurance corporation. except as requested and or instructed by the Government and or authorized parties. issued and paid capital stock. Conduct merger and or separation and or dissolution and or acquisition. 2009. in accordance with the prevailing regulations. Subordinated Bonds I (continued) The trustee agreement covers several covenants affecting BRI and requires the written approval from the trustee before conducting the following:   Reduction of authorized. 11/90/DPB1/TPB1-3 dated November 11. 2014. The trustee agreement covers several covenants affecting BRI and requires a written approval from the trustee before conducting the following:  Reduction of authorized. Change BRI’s main business. however. except as requested and or instructed by the Government of the Republic of Indonesia and or authorized parties (including but not limited to Bank Indonesia. through its letter No. or allowing or giving approval to Subsidiaries to conduct merger and or takeover and or acquisition. The trustee of this Subordinated Bonds is PT Bank Mandiri (Persero) Tbk. except as requested and or instructed by the Government and or authorized parties. As of December 31. Conduct merger and or takeover and or acquisition. except as requested and or instructed by the Government of the Republic of Indonesia and or authorized parties (including but not limited to Bank Indonesia. The issuance and classification of the Subordinated Bonds II as subordinated loans have been approved in principle by Bank Indonesia. if in the future the obligation to obtain approval from Bank Indonesia as stated above is no longer mandatory. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. The net proceeds from the issuance of the Subordinated Bonds II are intended for loans expansion under a prudent principle.95%. issued and paid capital stock. BRI does not establish provision for principal repayment fund of the Subordinated Bonds with consideration to optimize the use of fund in accordance with the planning of the use of the issuance fund of the Subordinated Bonds. unless otherwise stated) 26. BRI issued Rp2.00% of their nominal value with a fixed annual interest rate of 10. Subordinated Bonds II On December 22.000 Bank BRI Subordinated Bonds II Year 2009 with a fixed interest rate registered on the Indonesia Stock Exchange. Ministry of Finance of the Republic of Indonesia. The Subordinated Bonds II were issued at 100. MANAGEMENT DISCUSSION AND ANALYSIS  b. and Ministry of State-Owned Enterprises). SUBORDINATED LOANS (continued) a. 2009. therefore the principal repayment of the Subordinated Bonds can be made without receiving the approval from Bank Indonesia. payable every 3 (three) months. BRI’s Subordinated Bonds II 2009 obtained a rating of “idAAA” from PT Pemeringkat Efek Indonesia and “AA+” from PT Fitch Ratings Indonesia.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2009 and 2010. Deposit BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE  FINANCIAL STATEMENTS FINANCIAL REPORT 88 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

unless otherwise stated) 26. 325 .000.999.296 56.568.181 232 24.999.667. The average annual interest rates for subordinated loans were 5.581.500 15. The interest rates of these loans vary based on the respective agreements with terms ranging from 15 (fifteen) up to 40 (forty) years. International Fund for Agricultural Development (IFAD).300 2. c. 2010 and 2009.000.678.000.000 Percentage of Ownership 0.560 2.Series A Dwiwarna share .289 2. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.167.999.499. respectively. Ministry of Finance of the Republic of Indonesia.000 12. and Ministry of State-Owned Enterprises).25 100.156.581.999 30.999.00 100. in accordance with the prevailing regulations.Series B Ordinary shares Total Issued and Fully Paid Capital Stock Number of Shares 1 29.500.000. The classification by period of subordinated loans based on their remaining period until maturity is as follows: 2010 2009 Rupiah ≤ 1 month > 3 months . Subordinated Bonds II (continued) Insurance Corporation or other insurance corporation in accordance with the prevailing regulations.500.334. BRI has complied with the above trustee agreement.000 500 500 500 500 3.422 CORPORATE SOCIAL RESPONSIBILITY 27.75 43.00% 100. These loans will mature at various dates from 2005 to 2027.1 year > 1 year .999.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.Series B Ordinary shares Public . including but not limited to Bapepam regulations and or Bapepam-LK.00% 56.54% and 5. EQUITY a.601 85.Series A Dwiwarna share . 2010 and 2009 (Expressed in millions of Rupiah. issued and fully paid capital stock of BRI as of December 31.00 % BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 89 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. International Bank for Reconstruction and Development (IBRD).999. Two-step Loans The two-step loans in Rupiah represent the loans from the Government which were funded by the Asian Development Bank (ADB). United States Agency for International Development (USAID) and Islamic Development Bank (IDB).334.5 years > 5 years COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE 232 21.999.078.999.093 2.000 Nominal Value Per Share (full Rupiah) Share Value (full Rupiah) 500 14.57% for the years ended December 31. 2010 and 2009 are as follows: 2010 Authorized Capital Stock .290. SUBORDINATED LOANS (continued) b.00% 500 500 SUBSIDIARIES 1 6.500 2.000.Series B Ordinary shares Total Authorized Capital Stock Issued and Fully Paid Capital Stock Republic of Indonesia .999 5.000 0.000 6.999. Capital stock The details of authorized.290.

063.531 converted to 3.728. 427/KMK. S.999.000.791.999.531 (Note 9). 2003 arising from the recapitalization fund of Rp29.500 500 500 500 500 3.000. 2010 and 2009 (Expressed in millions of Rupiah.000.000 shares at a par value of Rp1 million per share.999.999. Based on such Decision Letter. consisting of 1. This decision of the Ministry of Finance has been implemented retroactively since June 30. 90 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.00% 56.999.791.000.Series A Dwiwarna shares .Series A Dwiwarna shares .Series B Ordinary shares Total Issued and Fully Paid Capital Stock Number of Shares 1 29. the following: 1.000 1 6.000 Percentage of Ownership 0.500 2.250.728.500 12.329.Series B Ordinary shares Public .000.500 15.063. and BRI’s separation..00% 100.000 consisting of 5.164.23 100.852. Capital stock (continued) Nominal Value Per Share (full Rupiah) 500 500 Share Value (full Rupiah) 500 14.926. 6 dated October 3. The Government’s rights arising from the additional investment of the state to BRI with such final amount was implemented as follows: Rp29. The capital restructuring of BRI as of June 30. the Ministry of Finance issued the Decision Letter No.531 recorded as additional paid-in capital. Based on BRI’s Stockholders’ Extraordinary General Meeting held on October 3.250. to become Rp5. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 2. 326 . submission of request for bankruptcy.272.000 new shares issued by BRI with a par value of Rp1 million per share. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2001. Series B shares are ordinary shares that can be owned by the public.000.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2003.999.531 to increase BRI’s issued and fully paid capital stock owned by the Republic of Indonesia from Rp1. as covered by deed No.00% MANAGEMENT DISCUSSION AND ANALYSIS 2009 Authorized Capital Stock .999 5.531 from the recapitalization fund recorded as additional paid-in capital in BRI’s capital structure. dissolution.Series B Ordinary shares Total Authorized Capital Stock Issued and Fully Paid Capital Stock Republic of Indonesia .000.999. and Rp25. and the balance of Rp25. and BRI on February 28.329.02/2003 dated September 30. and liquidation of BRI. among others.999. as represented by the Government through the Ministry of Finance. 2003. The stock split with the change in par value per share from Rp1 million to Rp500 (full Rupiah). EQUITY (continued) a.063. BRI’s stockholders decided on.00 100.852.000 0.000 shares at the same par value per share. acquisition. the Ministry of Finance determined that the final recapitalization requirement amount of BRI is Rp29. of Notary Imas Fatimah.H.00 % CORPORATE GOVERNANCE Series A Dwiwarna share is the share that gives the stockholder preferential rights to approve the appointment or dismissal of Commissioners and Directors. 2003 regarding the final amount and the implementation of the rights of the Government arising from the additional investment of the Republic of Indonesia in the capital of BRI in connection with the recapitalization program for commercial banks. 2003. Capital Structure In response to the Management Contract entered between the Republic of Indonesia.664.999 30.77 43. unless otherwise stated) 27.499.000.999.926. approve on merger.000 6. changes in Articles of Association.

KEP-13/PM/1997 dated April 30.047. 8.01.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The quasi-reorganization plan of BRI as of June 30. C-23726 HT. 1997 on “The Main Provisions of the Articles of Association of a Company that Conduct an Initial Public Offering of Shares and Public Company”. to become Rp15 trillion divided into 30. thereafter the name will be changed from “PT Bank Rakyat Indonesia (Persero)”. The increase in authorized capital stock of BRI from Rp5 trillion. 2003. S.387 against the recorded additional paid-in capital (Note 3). S-2646/PM/2003 dated October 31. The follow up actions on the amendments to the Articles of Association: i.000 Series B common shares owned by the Republic of Indonesia (divestment) and 1. 2003 by Notary Imas Fatimah.000 shares at a par value of Rp1 million per share. 2003 and simultaneously all of BRI shares were listed on the Jakarta and Surabaya Stock Exchanges (currently the Indonesia Stock Exchange). amounting to Rp1. Agree to change all provisions in the Articles of Association of BRI with revisions in accordance with Law No.765. Based on the letter from the Chairman of Bapepam No.699.000 new Series B common shares issued with a par value of Rp500 (full Rupiah) per share and initial offer price of Rp875 (full Rupiah) per share to the public. 49 Year 2003 regarding the sale of a portion of shares in BRI owned by the Republic of Indonesia and issuance of new shares of BRI. Initial Public Offering (IPO) of BRI’s Shares On October 13.04. excluding the participation from the Republic of Indonesia. 2010 and 2009 (Expressed in millions of Rupiah. to cover the accumulated losses as of June 30. Utilization of general and special reserves as of June 30. and was approved by the Ministry of Justice and Human Rights through its Decision Letter No. 8 Year 1995 on “Capital Markets” and Decision of the Chairman of the Capital Market Supervisory Agency (Bapepam) No. 7. 2003. 2003. which became effective on October 31. 2003. divided into 5. 2003. 7 dated October 3.000.811. 327 .000.2003 dated October 6. ii.000 shares at a par value of Rp500 (full Rupiah) per share. the President of the Republic of Indonesia issued Government Regulation No.764. unless otherwise stated) 27. 6. The changes in BRI’s Articles of Association in connection with the above Stockholder’s Extraordinary General Meeting were notarized in Deed No.H. EQUITY (continued) a. the registration statement submitted by BRI in connection with the IPO of BRI’s shares of 3. The plan to undertake the Initial Public Offering (IPO) of BRI’s shares.000 Series B common shares consisting of 2. 2003. Agree on the change in the status of BRI. 5.TH. to eliminate the accumulated losses of Rp24.616.060.000. Such offered shares were initially traded on November 10. through the capital market and or direct sale to investors.. 2003. to become “Perusahaan Perseroan (Persero) PT Bank Rakyat Indonesia Tbk” and simplified to “PT Bank Rakyat Indonesia (Persero) Tbk”. Capital stock (continued) Capital Structure (continued) 3.386. The change in classification of BRI’s shares to become Series A Dwiwarna and Series B shares. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 4. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.705. CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 91 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. to be a Publicly Listed Limited Liability Company.

762 49. Costs and discounts related to the ESA and MSOP programs are paid by the Bank through the allocation of reserves.50% of the outstanding common shares in BRI.773. After BRI’s IPO and the exercise of the over-subscription option and the over-allotment option. The Additional Paid-in Capital: Additional capital by the Government related to the recapitalization program Previous balance of paid up capital by the Government Additional paid-in capital from IPO Exercise of stock options (Note 28) Year 2004 Year 2005 Year 2006 Year 2007 Year 2008 Year 2009 Year 2010 Remaining MSOP Stage-I which already expired Remaining MSOP Stage-II which already expired Remaining MSOP Stage-III which already expired 2010 1.845 2.845 8. the employee and management stock ownership plan through an Employee Stock Allocation Program (ESA) and Management Stock Option Plan (MSOP). among others.960 29. 2010 and 2009 amounted to Rp2. In accordance with the MSOP. Capital stock (continued) Initial Public Offering (IPO) of BRI’s Shares (continued) Subsequently.514 184.500 shares and 4. respectively. 2010 and 2009 (Expressed in millions of Rupiah.514 184. unless otherwise stated) 27.728.553. The additional paid up capital arising from the execution of the above stock options is added to the issued and fully paid capital and additional paid-in capital (Note 28).764.092.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The compensation cost relating to MSOP is recognized through stock options under equity.276 which consist of 4. the over-subscription option of 381. 2003. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.858 2009 1.447 2.367 43.062 504 1.376 140. respectively.000 Series B common shares owned by the Republic of Indonesia (divestment) with a price of Rp875 (full Rupiah) per share were exercised on November 10. EQUITY (continued) a.013 14.859 619.859 619.367 504 1.092.144 5 589. The ESA consists of a Bonus Share Plan. stock options which have been exercised by BRI’s employees as of and for the years ended December 31.960 29.000 Series B common shares owned by the Republic of Indonesia (divestment) and over-allotment option of 571. 2003 and December 3.176. b.376 140. The management and execution of the ESA and MSOP programs are performed by the Directors. 328 .349 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 92 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.144 5 589. the Republic of Indonesia owns 59.762 49.722.365 and Rp2. while the supervision is performed by the Board of Commissioners (Note 28). Stock Allocation Program Based on the above Stockholders’ Extraordinary General Meeting.000 shares.013 14. BRI’s stockholders agreed to. Shares Purchase at a Discount and Additional Shares Grant programs while MSOP is granted to Directors and employees at certain levels and positions.

2010 and 2009 (Expressed in millions of Rupiah. Rp14. 2003 amounting to Rp24.764. 4.387 (Note 3) was eliminated against additional paid-in capital.499.721.272.000 was converted to paid up capital and the balance of Rp25.013 in 2008.02/2003 dated September 30. During 2004 until 2010. 31.859 in 2005 and Rp49. 2003. 427/KMK.041) 589. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 93 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.876. from the final recapitalization requirement of BRI amounting to Rp29.376 in 2006.00 p.500 shares in 2004. 329 .063. 2004 for MSOP I. 2005 for MSOP II and November 15.514 in 2004 (Note 28).379. Based on the Decision Letter No. The statements of income for the year ended as of such date are derived from the accumulation of the monthly income statement balances which were translated into Rupiah using the average exchange rate for the respective months.m. EQUITY (continued) b.149 as of June 30.764 (2.063.961) (69.000 shares in 2006. 185. BRI conducted an IPO by issuing 1. II and III.000 shares in 2005 and 85. stock options that had been exercised were 569. resulting to additional paid-in capital of Rp1.531 was recorded temporarily under “Additional Paid-in Capital” together with the previous balance of paid up capital of Rp5 from the Government. with the implementation of the quasi-reorganization by BRI.000 new series B ordinary shares with a par value of Rp500 (full Rupiah) per share with the offering price of Rp875 (full Rupiah) per share. WIB (Western Indonesian time) on balance sheet date.000 shares in 2008. Rp184. 52 Year 1999 on the “Increase in Investment by the Republic of Indonesia in StateOwned Banks”. the Government determined that the recapitalization requirement amount of BRI to achieve a CAR of 4% was Rp29.699. As of June 30. The Additional Paid-in Capital (continued): As realization of the Recapitalization Program for Commercial Banks as set forth in Government Regulation No.3% discount given to BRI customers .385.705.728. the authorized and issued capital stock of BRI had not yet been increased by additional capital from the above recapitalization program. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.553.791.062 in 2010. On November 10.000 shares for MSOP I.764.531.500 shares in 2010. 250. Rp29. November 10. unless otherwise stated) 27.531 was recorded as additional paid in capital (Note 27a). The additional paid-in capital arising from these exercise of stock options are Rp43.610. the paid up capital from the Government of Rp29.000 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 375 661.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Therefore. the accumulated losses before quasireorganization as of June 30. resulting in additional paid-in capital as follows: Total new Series B Ordinary shares issued to the public under the IPO (shares) Premium per share (full Rupiah) Total premium on shares before discount Less: . Assets and liabilities as well as commitments and contingencies denominated in foreign currencies were translated into Rupiah using the Reuters spot rates at 4. Rp3.063.762 The employees of BRI have exercised stock options starting on November 10. Differences Arising from Translation of Foreign Currency Financial Statements This account represents the exchange rate differences resulting from the translation of the financial statements of the overseas branch/representative offices of BRI (Cayman Islands. 2003.531.960 in 2007. 2003 of the Ministry of Finance as explained in letter (a) above. Rp619. c. 2003.Cost of IPO Additional paid-in capital from IPO 1. Rp140. which consist of 4.705.367 in 2009. 2006 for MSOP III. In addition. 7.000 shares in 2007.092. New York and Hong Kong) from United States Dollar and Hong Kong Dollar to Indonesian Rupiah (Note 2ae).000 shares in 2009.

429 536. amounted to Rp563.H. the exercise price was 110% of the offering price with the life of the option over 5 (five) years from the grant date. 2010. BRI has recorded the provision for tantiem in the current consolidated statements of income in accordance with SFAS No.487 less interim dividend which was paid on December 16. CORPORATE GOVERNANCE Based on the letter from the Ministry of State-Owned Enterprises No. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 94 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.085. while MSOP stage-2 and MSOP stage-3 will be granted each year after the MSOP stage-I. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. MANAGEMENT STOCK OPTION PLAN (MSOP) CORPORATE SOCIAL RESPONSIBILITY Based on Stockholders’ Extraordinary General Meeting held on October 3. EQUITY (continued) d.294.527 which has been approved by BRI’s Directors based on BRI’s Directors’ Meeting dated November 29.100 stock options with an exercise price of Rp962.192. MSOP Stage-I In MSOP stage-I.959 1. 28. S. MSOP stage-I was granted at the Initial Public Offering (IPO). The MSOP vesting period is 1 (one) year.253 148. 2003 as mentioned in notarial deed No. Distribution of Net Income and Utilization of Appropriated Retained Earnings Based on the Annual Stockholders’ General Meetings of BRI held on May 20. 2003. The number of stock options to be issued in MSOP stage-I through stage-III is at a maximum of 5% from the paid up capital of BRI within 3 (three) years without giving priority to the existing stockholders to exercise their rights. 2009. The number of stock options that can be exercised at the end of the first year from the grant date is a maximum of 50% of the total options granted. amounted to Rp2. On November 10. the date of listing of BRI’s shares in the Jakarta Stock Exchange and Surabaya Stock Exchange (currently the Indonesia Stock Exchange).93 (full Rupiah) per share or in total amounting to Rp566.39 (full Rupiah). 330 .249 Consists of dividend in the year 2009. 24 (Revised 2004) on “Employee Benefits”. unless otherwise stated) 27. BRI agreed to grant 235..551*) 950. 2010 and 2009 (Expressed in millions of Rupiah. 2010.628. there is an interim dividend payment for the year 2010 amounting to Rp45. the Stockholders agreed to distribute the net income for the years ended December 31. a. 2009 and 2008 as follows: Income 2009 Dividends General and special reserves Appropriation for partnership and environmental development fund *) MANAGEMENT DISCUSSION AND ANALYSIS Income 2008 2.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 6 of Notary Imas Fatimah. 2003 amounted to Rp117. 2004 using the Black Scholes option pricing model. and the remainder can be executed at the end of the second year through the end of the fifth year. Stock options are granted to Directors and employees at certain levels and positions who fulfill the determined criteria.078 219.5 (full Rupiah) per share or 110% of the offering price per share. 2010 and May 19.S-705/MBU/2010 dated November 18. based on the Valuation Report issued by PT Watson Wyatt Purbajaga dated March 17. 2009. the stockholders approved the issuance of stock options in 3 (three) stages (Note 27a).936. The fair value of stock options in MSOP stage-I granted as of November 10.

728.500) (8. using the Black Scholes option pricing model.050 shares.750 (full Rupiah) per share.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. The summary of the MSOP and its movements during the years ended December 31. MANAGEMENT STOCK OPTION PLAN (MSOP) (continued) b. 2005. The number of stock options can be exercised anytime after the vesting period until the end of the option life with a share price of Rp1. MSOP Stage-II Based on BRI Annual Stockholders’ General Meeting held on May 31. 2004 amounted to Rp351.294. The share price exercised in 2010 is Rp8. the stockholders granted MSOP stage-III with an option life of 5 (five) years and a vesting period of 1 (one) year. 2010 and 2009 are as follows (Note 27a): 2010 Number of Options MSOP Stage-I Options outstanding at the beginning of the year Options exercised during the year Options not exercised until the end of the option life Options that can be exercised at the end of the year *) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY MSOP Stage-II - MSOP Stage-III 13.62 (full Rupiah).050) *) SUBSIDIARIES Total MSOP Stage-III that are still remaining at maturity date on November 9. The number of stock options that can be exercised twice in a year within 5 (five) until up to 30 (thirty) working days until the end of the option life with a share closing price of 90% of the average of the share closing price of BRI shares in the Jakarta Stock Exchange (currently the Indonesia Stock Exchange) within 25 (twenty-five) consecutive days before reporting date to the Jakarta Stock Exchange (currently the Indonesia Stock Exchange) (the latest within 5 (five) working days) and the number of shares issued is 117.458 (full Rupiah) per share (period 6) and Rp6. 2004.817. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 95 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 331 . and number of shares granted are 235. 2010 and has been reported to Indonesia Stock Exchange on December 1. 2010 and 2009 (Expressed in millions of Rupiah. based on BRI management’s calculation using the Black Scholes . 2005 amounted to Rp958 (full Rupiah). the stockholders granted MSOP stage-II with an option life of 5 (five) years and a vesting period of 1 (one) year. The fair value of stock options in MSOP stage-II granted as of November 10.671 (full Rupiah) per share (period 7). PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.649 (full Rupiah) per share (period 8).100 shares. based on the Valuation Report issued by PT Watson Wyatt Purbajaga dated February 15. 2005.550 (4. and in 2009 are Rp5.Merton option pricing model. MSOP Stage-III Based on the Annual Stockholders’ General Meeting held on May 20. The fair value of stock options in MSOP stage-III granted as of November 10. unless otherwise stated) 28.647.545. c. 2010.

50% 1% MSOP Stage-II 8.973 680.50% 1% MSOP Stage-III 13. 2009. became RpNil and Rp12. CORPORATE GOVERNANCE The fair value of the options granted were derived using the following assumptions: MSOP Stage-I Risk free interest rate Expected period of option Expected share price volatility Expected dividend yield Employee turnover rate : : : : : 8.805 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 96 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.050 (1.323 (including stock option of MSOP stage-II which have expired amounting to Rp1. 2010 and 2009.824.805. Accumulated stock options after deducting the realization of MSOP amount to Rp12.75% 5 years 24. respectively.500 and 4.367 as of December 31.845) for the years ended December 31. and resulted in the increase in additional paid-in capital of Rp43.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2009 and has been reported to Indonesia Stock Exchange on December 30. INTEREST AND INVESTMENT INCOME Interest and investment income are derived from: SUBSIDIARIES 2010 Rupiah Loans Securities Certificates of Bank Indonesia Government Bonds Others Government Recapitalization Bonds 39.100) *) MSOP Stage-III 14.993.600 (3.343 1. consisting of 4.000 shares.977 (including stock option of MSOP stage-III which have expired amounting to Rp8. which are presented as part of the equity in the consolidated balance sheets as of December 31. MANAGEMENT STOCK OPTION PLAN (MSOP) (continued) 2009 Number of Options MSOP Stage-I Options outstanding at the beginning of the year Options exercised during the year Options not exercised until the end of the option life Options that can be exercised at the end of the year *) MANAGEMENT DISCUSSION AND ANALYSIS MSOP Stage-II 8. 2010 and 2009.447) and Rp4.352.506.247.951 1. respectively.383 2009 28.553. the total stock options which have been exercised amounted to Rp2.116. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 29.33% 5.728.276.062 and Rp14.500) (5.173 321.550 Total MSOP Stage-II that are still remaining at maturity date on November 10.228 1. 332 . respectively (Note 27b). respectively (Note 27a).04% - CORPORATE SOCIAL RESPONSIBILITY During 2010 and 2009.500) 13.545. 2010 and 2009.668 71.95% 5. 2010 and 2009 (Expressed in millions of Rupiah.327 169. respectively.04% 5 years 42.365 and Rp2.128. unless otherwise stated) 28.447.977.105.283 790.75% 5 years 24.33% 5.

076 2.362.058 724.239 43.341 Foreign currencies Loans Placements with Bank Indonesia and other banks Inter-bank call money Others Securities Government Bonds Others 470.971.917.196 129. FEES AND COMMISSIONS Fees and commissions are derived from: 2010 Rupiah Loans Foreign currencies Loans 2009 1.081 134.474.681 31.463.144.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.970 2.672 17.815 231.559 75. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2009 BRI 2011 5.978 725.805 224.610 33.909 7.736 1. INTEREST EXPENSE AND OTHER CHARGES This account represents interest expense and other charges incurred on: 2010 Rupiah Time deposits Savings deposits Demand deposits Deposits from other banks and financial institutions Fund borrowings 97 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.528 12.075.778 537 1.737 45.126.025 141.942 115.286 1.700 467.435 43.125.641 33.944 24. 2010 and 2009 (Expressed in millions of Rupiah.315 SUBSIDIARIES 31.094 333 FINANCIAL REPORT FINANCIAL STATEMENTS .493 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 30. INTEREST AND INVESTMENT INCOME (continued) 2010 Rupiah (continued) Placements with Bank Indonesia and other banks FASBI/FTK Inter-bank call money Others Current accounts with Bank Indonesia Others 2009 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 742.619 232.220.221 609. unless otherwise stated) 29.898 2.812 159.398 9.642 287.005 56.272 51.946.087.

256 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 98 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.421.003 464.059 276. 334 .167 219 (32.537 362.880.167 1.092 2.608.749 45.267) 7.536 2009 5.189.095 499.603 1.859.275 131.252) 5.377.258 65.060 23.310 2.905 13.953 2009 84.632 2. unless otherwise stated) 31.940 (337) (105) 27.496 12.335 2009 3.226 1.636 124.858 11.318 373.304.074 255.061 269.585. incentives and tantiem Defined contribution pension (Note 41c) Training and development Defined benefit pension (Note 41a) Medical allowances Gratuity for services (Note 41e) 3. SALARIES AND EMPLOYEE BENEFITS The details of this account are as follows: 2010 Salaries.396 55. PROVISION FOR IMPAIRMENT LOSSES ON FINANCIAL AND NON-FINANCIAL ASSETS .430 123.222 116.448.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.906 250 226 100 62 (3.499 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 33.879. wages and allowances Bonuses.876 625.449 (9.179.715.247 1.297 10. INTEREST EXPENSE AND OTHER CHARGES (continued) 2010 Rupiah (continued) Subordinated loans Securities sold with agreements to repurchase Others Foreign currencies Time deposits Deposits from other banks and other financial institutions Current accounts Fund borrowings 220.185) 56.146 567.862 11.794 116.395 12.140 680. 2010 and 2009 (Expressed in millions of Rupiah.NET This account represents provision (reversal) of allowance for impairment losses on financial assets as follows: 2010 Loans (Note 12e) Acceptances receivable (Note 13d) Export bills (Note 8d) Placements with Bank Indonesia and other banks (Note 6e) Investment in shares of stocks (Note 14) Securities (Note 7e) Current accounts with other banks (Note 5e) Derivatives receivable (Note 11) Sharia receivable and financing 7.230 589. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.932 CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 32.

FOREWORD These consolidated financial statements are originally issued in the Indonesian language.909 25. unless otherwise stated) 33.330. NON-OPERATING INCOME .793 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS The amount of salaries and allowances for the Board of Directors amounted to Rp45.887 and Rp159.675. 2010 and 2009.855 131. respectively (Note 43). 34.947 1. bonuses and incentives paid to the Boards of Directors and Commissioners. The amount of tantiem.413 302.911 17.384 and Rp12.144 201.925 530.112.675 36.649 407.NET 2009 707. 2010 and 2009.648 13.154 6.691 33. Hong Kong Rental income Gain on sale of premises and equipment Others .070 152. Board of Commissioners of BRI amounted to Rp8.379 5.287.017 2.net 313.229 2009 214.721 2009 183.226 4.924 73. SALARIES AND EMPLOYEE BENEFITS (continued) 2010 Grand leaves (Note 41e) Work separation scheme (Note 41d) Pension preparation period (Note 41e) Others 91. 335 . and executive officers of BRI for the years ended December 31.095 1.563 8.569 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 99 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.377.717.018 130.939 10. amounted to Rp188.675.226 491.576 12.468 3.711.653 2.260 158.730 276.444 35.437 16.875 168. 2010 and 2009 (Expressed in millions of Rupiah.778 115.095. GENERAL AND ADMINISTRATIVE EXPENSES The details of this account are as follows: 2010 Rent Repairs and maintenance Depreciation of premises and equipment (Note 15) Electricity and water Transportation Printing and postage Office supplies Communications Professional fees Computer installations Research and product development Others 886.391 10.379 213.552 84.608 996.800 448. respectively (Note 43).475 96.778 and Rp40.263 6.133 for the years ended December 31.931 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES The details of this account are as follows: 2010 Loan insurance claim income Cash distribution from the liquidation of BRI Finance Limited.987.810 4.716 66.729 238. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.215 1.136 506.

422) (26.874 230.816 220.509 10. 336 .459 38.319 764 1.123 121.891. the details of taxes payable are as follows: 2010 BRI (Parent Company) Income tax Article 23 Article 25 (December) Article 26 Article 29 Article 4 (2) Subsidiary Income tax Article 21 Article 23 Article 29 Article 4 (2) 2009 MANAGEMENT DISCUSSION AND ANALYSIS 2.699) (668.228 (10. TAXATION a) Taxes Payable As of December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.076 521 2.067.990 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 100 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.924 2009 9. unless otherwise stated) 36.026 222.473 (8.293) (52.880.675) 9.400 1.107 1.130 CORPORATE GOVERNANCE 4.541 815.046 457 95 5.197 (666. 2010 and 2009 (Expressed in millions of Rupiah.892.648.635) 14.081 475.673.365 51.553 SUBSIDIARIES 2. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.410 977.304) 1.930.007 341.362 343.920.305) 91.492 CORPORATE SOCIAL RESPONSIBILITY b) Tax Expense The reconciliation between income before tax benefit (expense) as presented in the consolidated statements of income and estimated taxable income is as follows: 2010 Income before tax benefit (expense) based on the consolidated statements of income Share of income of Subsidiary Income before tax benefit (expense) – BRI (Parent Company) Temporary Differences: Provision for allowance for possible losses on loans Provision for personnel expenses Unrealized loss (gain) on derivative transactions (Reversal of) provision for estimated losses on commitments and contingencies Unrealized gain on trading securities and Government Recapitalization Bonds Depreciation of premises and equipment (Reversal of) provision for reserve of earning assets excluding loans 14.230 (15.908.746 (127.629 139. 2010 and 2009.923 765 1.306) 14.

573) (13.Article 29 19.451.Article 29 Subsidiary Corporate income tax expense .013 (9.451.333 755.412 34.109 11.963 3.819) 45.821 (1.325) (15.140) 2.814 (95) (2. TAXATION (continued) b) Tax Expense (continued) 2010 Permanent Differences: Public relations Representations and donations Sports and religious activities Income subjected to final tax Income of Subsidiary (equity method) Others Estimated taxable income 84.268.015 118.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.836 30.645) 25.728 52.644) 663.550) (14.156 2009 288.319) (4.873 (121.700 2009 11.current Income tax installment payments during the year Corporate income tax payable .406) 2.007) - CORPORATE SOCIAL RESPONSIBILITY BRI and Subsidiary’s income tax are computed individually as separate legal entities.390 26.700 2009 65.129 (35.799 (186.658) 4.648.105) (6.896.384 24.585. 337 .019.366 19.652 (3.909) 4. 2010 and 2009 (Expressed in millions of Rupiah. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.403 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 101 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.585.652 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The computation of corporate income tax expense and income tax payable is as follows: 2010 Estimated taxable income Parent Company Corporate income tax expense .917.174) 486.512.current Income tax installment payments during the year Corporate income tax payable .908 (4.582 (168.633.880) 2.573 26.868 (2. c) Deferred Tax Assets The computation of deferred tax benefit (expense) of BRI is as follows (Note 2ag): 2010 Provision for allowance for possible losses on earning assets Provision for employee benefits Unrealized loss (gain) on derivative transactions (Reversal of) provision for estimated losses on commitments and contingencies Unrealized gain on trading securities and Government Recapitalization Bonds Depreciation of premises and equipment Impact of changes on income tax rate 420. unless otherwise stated) 36.

609. 2011 from the Securities Administration Agency (Biro Administrasi Efek).915.188) 2.429 5.944 MANAGEMENT DISCUSSION AND ANALYSIS The tax effects of significant temporary differences between commercial reporting and tax (recorded under “Deferred Tax Assets”) are as follows (Note 2ag): 2010 Allowance for possible losses on earning assets Provision for employee expense Depreciation on premises and equipment Estimated losses on commitments and contingencies Unrealized (gain) loss in the value of trading securities and Government Recapitalization Bonds Unrealized gain on available-for-sale securities and Government Recapitalization Bonds Unrealized gain on derivative transactions Subsidiary 1.260.087 651. 2009.101 2009 1.434 25. all of the above mentioned required criteria to obtain the tax rate reduction on BRI’s financial statements for the year ended December 31.324 (830) (187. In addition.767 704. 2007 on “Reduction of the Income Tax Rate on Resident Corporate Taxpayers in the Form of Publicly-listed Companies” and the Ministry of Finance Regulation No. The above revision also stipulates the changes in corporate tax rate from a progressive tax rate to a single rate of 28% for the fiscal year 2009 and 25% for the fiscal year 2010 onwards. 2011 and the monthly report of shares ownerships. 2010 and 2009 (Expressed in millions of Rupiah. form No. DE/II/11-0810 dated February 9. Law No.819 for the year ended December 31. provided they meet the prescribed criteria. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.548 2. have been fulfilled by BRI.e.295. 7 year 1983 regarding “Income Tax” has been revised for the fourth time with Law No.743 (152. based on the above Law No. 36 year 2008. 2008. TAXATION (continued) c) Deferred Tax Assets (continued) 2010 Subsidiary Total deferred tax benefit 48 486.I-6 dated January 10.03/2008 dated December 30.808 150. 36 year 2008 dated September 23.H. X.541 50.. 238/PMK. 2008 on “The Guidelines on the Implementation and Supervision on the Rate Reduction for Domestic Tax Payers in the Form of Public Companies” provides that resident publicly-listed companies in Indonesia can obtain the reduced income tax rate at 5% lower than the highest existing income tax rate. Datindo Entrycom on the ownership of BRI’s shares during 2010.906. The Company recorded the impact of the changes in income tax rate as part of the current year deferred tax expense which amounted to Rp168.868) 1.553 8. public companies whose shares are owned by the public at a minimum of 40% or more of the total paid-up shares are traded in the Indonesia Stock Exchange and such shares are owned by at least 300 (three hundred) parties and each party owning only less than 5% of the total paid-up shares.026 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE In September 2008. Based on Letter No. i. unless otherwise stated) 36. 81 year 2007 dated December 28. 2010. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 102 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 338 .107) (34.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.500 1.220 137.286. These requirements should be fulfilled by the publiclylisted companies for a period of 6 (six) months in 1 (one) tax year. the Government Regulation No.260 23.204 2009 5.526 8.

Guidance on the Application and Implementation of Operational Risk Management (PPPMRO). BRI PPPMR consist of Guidance on the Application and Implementation of Credit Risk Management (PPPMRK). self assessment process is performed by evaluating inherent risk (embedded risk in the bank’s activities) and risk control system (control on inherent risk) towards 8 (eight) risk types present in 7 (seven) BRI functional activities. The implementation of these risk management principles have become the standard in the global banking industry which is required by Bank Indonesia in line with the recommendation issued by the Bank for International Settlements (BIS) through the Basel Committee on Banking Supervision. strategic risk. reputation risk and legal risk through implementation of risk profile according to Bank Indonesia Regulation on Implementation of Risk Management for Commercial Banks. Second line of defense is risk management working unit which oversees compliance of BRI risk management according to risk tolerance and implements policies. which are credit risk. internal control system and risk management implementation in using information technology and integrated risk management (Enterprise Risk Management) which include managing risk profile. RISK MANAGEMENT BRI’s business activities are constantly facing risks relating to its function as a financial intermediary institution. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. BRI has prepared the Risk Management General Policy (KUMR) which represents the highest rule in the risk management implementation in BRI’s entire business activities. risk management implementation. risk measurement. such as risk identification. market risk. unless otherwise stated) 37. management of new products and/or activities. compliance risk. service and operational. guidelines and risk limit of business/operational working unit independently. To determine BRI risk profile in a monthly basis. second line of defense and third line of defense.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 339 . The rapid business development in the external and internal bank industry also caused the risk on the bank’s business activities to become more complex. BRI has applied Guidance on the Application and Implementation of Risk Management (PPPMR). Business Continuity Management (BCM) implementation. BRI has implemented the concept of first line of defense. The preparation of BRI risk profile is consolidated and performed (enterprise-wide risk management) by integrating 8 (eight) types of risks. risk management organization. Credit Risk Management The implementation of credit risk management is not only intended to position BRI as a bank that has complied with the regulation. risk monitoring and risk control. operational risk. which in turn is expected to support BRI’s business activities. liquidity risk. Third line of defense is the internal audit working unit which functions in performing control through evaluation of the first and second lines of defense as well as reporting independently to the President Director and Commissioner. but as an obligation of management to implement a good credit risk management system and aligned with best practices in the banking industry. and Guidance on the Application and Implementation of Market Risk Management (PPPMRP). First line of defense is business/operational working unit performing functional activities according to existing policies. BRI is required to implement effective risk management to adapt to the complex business activities. limit and operational guidelines. Based on the above KUMR. The applied risk management principles must be able to support BRI to operate more carefully within a rapidly developing banking business and operational activities. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 103 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. which is a series of technical guidelines that determine the stages in risk management process that has been determined in KUMR. funding. IT system and support. risk management process. risk management information system. risk management strategy. 2010 and 2009 (Expressed in millions of Rupiah. KUMR includes general policy. The functional activities cover loan. treasury trade finance.

FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 104 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Analysis and loan approval process is started by early identification of debtor applicant through risk level evaluation of each debtor applicant by using Credit Risk Rating (CRR) for commercial loan as well as Credit Risk Scoring (CRS) for consumer loan and micro loan. Effective credit risk management minimizes risk of possible loss and optimizes capital usage to obtain maximum income. BRI has a Credit Risk Management Committee/CRMC. the implementation of Risk Scoring System. In accordance with adjustment of policies to current business development. Credit Operation Guidelines (PPK) for each business segment. credit policies and procedures are stated in Credit Risk Management Implementation Operation Guidelines (PPPMRK). which are loan application. decision/approval process. Cut off for CRR and CRS have already been determined for debtor applicant that is potential for approval based on BRI’s risk appetite. Loan distribution performed by the whole business working unit is expected and guided to take into account credit risk from loan disbursement up to loan settlement by controlling and monitoring loan quality to prevent Non Performing Loan (NPL). managing and monitoring. This credit risk management is also performed by BRI in order to meet the requirements stated by the Bank Indonesia Regulation. Line credit officer is given an authorization limit of loan approval based on integrity. Rescheduling and Reconditioning). Segregation of RM and CRM functions as well as determination of non performing loans in a separate division from performing loan is intended for better performance of loan activities risk management. The implementation and procedures arranged all credit risk management activities in detail. unless otherwise stated) 37. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. As a guideline for all officers and liners involved in credit risk management. analysis process. which is a Sub Risk Management Committee (RMC) to discuss problems regarding the credit risk exposure and the implementation of credit risk management. controlling and rescuing/3R (Restructuring. BRI has established principles. so as not to influence or intervene one another. 2010 and 2009 (Expressed in millions of Rupiah. Credit Risk Limit Implementation Procedures and others. Every line credit officer has to have independence. such as the segregation of credit officers according to their tasks (Relationship Management/RM and Credit Risk Management/CRM). the implementation of Four Eyes Principle. In order to maintain and manage credit risk. 340 . RISK MANAGEMENT (continued) Credit Risk Management (continued) In the Credit Risk Management Framework. The authorization limit is given directly by the direct superior of line credit officer according to existing regulations. review and improvement on policies and regulations are performed occasionally to ensure that loan expansion is right on target. capability and competency as well as experience in the loan business. and also the segregation of credit default management.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. documentation. BRI credit risk management is intended to minimize possible loss due to unsettled loan granted and other financial contracts in the individual level or overall loan portfolio level.

239.381 87. In preparation of IRBA implementation.683 5.744 386.463 7.376 660. **) Other assets consists of interest receivable and other receivables. (i) Credit risk exposure to financial assets in the consolidated balance sheet as of December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.144 13. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. BRI has developed Loan Approval System (LAS) which functions as a media to capture loan data needed and integrate CRR/CRS risk evaluation process in every loan process whereby the calculations are performed by system.339 6.020 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES *) Investment in shares of stocks are investment in shares of stocks using the cost method. 2010 and 2009 (Expressed in millions of Rupiah. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 105 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. RISK MANAGEMENT (continued) Credit Risk Management (continued) The development of credit risk management is conducted in stages. Internal Rating Based Approach (IRBA) methodology is being prepared and developed.209 1. and in line with the framework set by Bank Indonesia. Loss Given Default and Exposure at Default. BRI is preparing a system to support the database interconnected to the current system that will be utilized for determining loan risk parameters such as Probability of Default.295 9.272.140 203.728. however. simultaneously.386. unless otherwise stated) 37. 2010 is as follows: Maximum Exposure Current accounts with Bank Indonesia Current accounts with other banks Placements with other banks and Bank Indonesia Securities Fair value through profit or loss Available-for-sale Held-to-maturity Export bills Government Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loan granted and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total 19. resulting in a more objective result.224 734.295. 341 .658.026. BRI utilizes the standardized based approach.870 238.099 1.989.053 83.600.072.000 501.

600.744 400.134 32.966 3 16.463 7.339 31.933 82. 2010 and 2009 (Expressed in millions of Rupiah.734 417.757 6.006 31.683 5.733.000 501.371 8.847.683 5.871 18.778 15. As of December 31.144 11.196.214.489.295.144 13.182.026. 2010 is as follows (continued): Credit risk exposures relating to consolidated off-balance sheet ítems as of December 31.147 15. December 31.089 9.139 3. 2010 West Java Central Java and Yogyakarta East Java Central and East Indonesia CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS Jakarta Assets Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks Securities Fair value through profit and loss Available-for-sale Held-to-maturity Export bills Government Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total Sumatera Others Total 19.907 889.381 87.717 1.744 213.160 28. RISK MANAGEMENT (continued) Credit Risk Management (continued) (i) Credit risk exposure to financial assets in the consolidated balance sheet as of December 31.026.206 666.638.822 10.741 967 18.000 501.944 8. For consolidated on-balance sheet financial assets. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. the exposures set out above are based on net carrying amounts as reported in the consolidated financial statements.932.123.878 1.992 1. 2010 are as follows: Maximum Exposure Outstanding irrevocable letters of credit Guarantees issued 4.637 3. For this table.356 56.661 332.463 7.714 44.287) 386.646 1.870 68. as categorized by geographical region as of December 31.049 19.175.381 87.382.275 56.638.295.600.658.240.989.206 5.801.079.398 203.959 4 233. unless otherwise stated) 37.64%.870 252. 342 .160 201.240.745.015. (ii) Concentration of risks of consolidated financial assets with credit risk exposure a) Geographical sectors The following table provides details of the BRI’s credit risk exposure at their carrying amounts (without taking into account any collateral held or other credit enhancement). the percentage of maximum exposure of loan granted and sharia receivables and financing against the total financial asset subject to credit risk in consolidated balance sheet is 61.119.229.116 83.278 6. 2010.119.924 90.510 The above table represents the maximum credit risk exposure to BRI as of December 31.517 28. 2010.327. 2010.939.989.295 9.728.390 203.177 122 58.734 741.338.996 44.020 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES Less : Allowance for impairment losses 106 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.646 1.885.307 (14.272.196. BRI has allocated exposures to the regions based on the geographical area where activities are undertaken.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.072.

058.757 501.119 6.116.932.665.307 (14.489.463 7.626 3.752 68.073 10.683 2.130 536 27.964 331.295.287 ) 386.646 1.757 6.728.092 193.658.026.272.532 - 4.853.716.588 75.286.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.401.738 158.878 1. as categorized by the industry sectors. unless otherwise stated) 37.415 741.418.020 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS *) Investment in shares of stocks are investment in shares of stocks using the cost method.232 231.600.679 7.284 749.381 87.472 1. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.390 203.510 *) Investment in shares of stocks are investment in shares of stocks using the cost method.562 4.139 3.904 Other Companies 240.923 51.354 46.110 518.364 14.591 25.119.734 741.081 666.600.363 Bank and Non-bank Financial Institution 5.763 199.762.565 120. **) Other assets consists of interest receivable and other receivables.799 563.655.733. 107 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.823 4. 343 . **) Other assets consists of interest receivable and other receivables.803 53.072.582 12.744 400.200 73.711 Total CORPORATE SOCIAL RESPONSIBILITY 19.000 501.683 5.762.459 6.116 83.298 9. RISK MANAGEMENT (continued) Credit Risk Management (continued) (ii) Concentration risks of consolidated financial assets with credit risk exposure (continued) a) Geographical sectors (continued) December 31.324 4.381 87.989.831. 2010 Government (including Bank Indonesia) Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks Securities Fair value through profit and loss Available-for-sale Held-to-maturity Export bills Government Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total Less: Allowance for impairment losses 19.463 7.144 13.870 252.847. 2010 West Java Central Java and DIY East Java Central and East Indonesia COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Jakarta Off-Balance Sheet Accounts Outstanding irrecovable letters of credit Guarantees issued Sumatera Others Total 4.246.556.305 30.431 82.329 Individuals 178.989.295 9. 2010 and 2009 (Expressed in millions of Rupiah.026.944.878 1.429 6.711 178.801.206 666.066.371 8.240.586 358.000 270.870 55. CORPORATE GOVERNANCE b) Industry sectors The following table provides the details of the Group’s credit exposure at carrying amounts.

029.588.981. unless otherwise stated) 37.510 CORPORATE GOVERNANCE (iii) Impairment of financial asset as of December 31.201 4. 2010 and 2009 (Expressed in millions of Rupiah. 2010.932.461.290 18.228 134.108.802 1. 2010 is as follows: 2010 Government (including Bank Indonesia) Outstanding irrecovable letters of credit Guarantees issued 2.806.367. b) Placements with Bank Indonesia and other banks As of December 31.079.593.733.615 13.298 83. 344 .250.140 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 108 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.092 12.603 1.110 2.683 1.338 Bank and Non-Bank Financial Banks 393.801.139 3.188.272.272.894 49.509 Individuals 49. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.459. RISK MANAGEMENT (continued) Credit Risk Management (continued) (ii) Concentration risks of consolidated financial assets with credit risk exposure (continued) b) Industry sectors (continued) Credit risk exposure relating to consolidated off-balance sheet account as of December 31. this financial asset is not individually or collectively impaired according to the Bank Indonesia regulations.000 69. 2010.166 1. 2010 Rupiah Bank Indonesia FASBI FTK Inter-bank call money Foreign Currencies Inter-bank call money Time deposits Total Less : Allowance for impairment losses CORPORATE SOCIAL RESPONSIBILITY 50. 2010: a) Current accounts with other banks As of December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. this financial asset is not individually or collectively impaired except for sharia according to Bank Indonesia regulations.894 Total 4.466.390 (250) 83.769 MANAGEMENT DISCUSSION AND ANALYSIS Other companies 2.371 8.004.308 2.

560.663 d) Export bills As of December 31. this financial asset is not impaired individually as well as collectively according to Bank Indonesia regulation.418) 734. 345 .382 120. this financial asset is not individually or collectively impaired except for sharia according to Bank Indonesia regulations.642 224.339 e) Derivatives receivable As of December 2010. unless otherwise stated) 37.814 1.715 699.789 5.158.407. RISK MANAGEMENT (continued) Credit Risk Management (continued) (iii) Impairment of financial asset as of December 31.297 397. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 109 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.843 9.757 (7.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.562 16.042 741. 2010.173 (1.514. this financial asset is impaired with the following details: 2010 Rupiah Domestic Documentary Letter of Credit Foreign currencies Export bills Total Less : Allowance for impairment losses 42.014 3.831.000 89.516. 2010. 2010 and 2009 (Expressed in millions of Rupiah.175.159 22.431 2. 2010 Rupiah Certificates of Bank Indonesia Government Bonds Bonds Medium term notes Subordinated Bonds Mutual funds Foreign Currencies Credit linked notes Government Bonds Notes receivable Medium term notes Total Less : Allowance for impairment losses 9. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 (continued): c) Securities As of December 31.510) 22.956.101.413 5.

464 4.467 252. warehousing and communications Social services Mining Others Foreign currencies Trading.773 906.964 4.290.011.650) 5.024 3.988 218.079 2.808 3.973.548.563.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.137.223 236. 2010 and 2009 (Expressed in millions of Rupiah. this financial asset is impaired individually as well as collectively according to Bank Indonesia regulation with details as follows: 2010 Impaired Description Rupiah Trading.385 215.057.286 234.917 14.841 906.608 (2.675.917 686.845 175.489.613 15.301 548. hotels and restaurants Agriculture Business Service Manufacturing Construction Electricity.620) 231.206 (14.062 96. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.172.168. 2010.066 3.337 4. unless otherwise stated) 37. 346 .897 3.532.918 328.742 92.322.413 604.305.069.121.109.739 CORPORATE SOCIAL RESPONSIBILITY 4.709 275.376 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 110 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. gas and water Construction Business services Social services Others Total Less: Allowance for impairment losses Not Impaired Individual Collective Total MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE 71.723 899.283.613 911. hotels and restaurant Mining Manufacturing Transportation.311.643 919.322 1.576 (7.788. warehousing and communications Agriculture Electricity.900 10.805 13.528 5.656 508.846.621.563 9.923 82.352 219.723 899.603 2.943 15.202.258.037 725.022 (4.926 5.348 6.062 7.560) 889.840.765.840 16.551 96.595 5.693 15.643 1.686 2.003.111.494 10.428 99.423 3.480 10.795 17.934 1.040 168. gas and water Transportation.313 97.913.205 10.656 508.629 553.219.983.250 4.671 4.630 216.036 340.867.722.386.830) 238.743.932 4.463 317.762 436.896 326.543. 2010 (continued): (f) Loan granted and sharia receivables and financing As of December 31.967.968 90.132 3.668 4.795.170.409 2.262 341.776 1.100.582.858 277.623 1.165.462 4.343. RISK MANAGEMENT (continued) Credit Risk Management (continued) (iii) Impairment of financial asset as of December 31.896 321.102.953.000 1.808.075.653 13.

RISK MANAGEMENT (continued) Credit Risk Management (continued) (iii) Impairment of financial asset as of December 31.088 Especially for loan in disaster prone areas that experienced disasters and are still categorized as disaster prone areas by the Republic of Indonesia.295 6.667.304 113.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.933 8.669) 660.169.577 4. 2010 and 2009 (Expressed in millions of Rupiah.563.209 (iv) Estimated losses on commitments and contingencies As of December 31. 2010 (continued): (g) Acceptances receivable As of December 31. BRI has sufficient data and information of historical loss on loans in disaster prone areas that experienced disasters and are still categorized as disaster prone areas by the Republic of Indonesia.905. therefore impairment is performed by calculating the entire level of loss which covers actual loss combined with adjustment value decided by the management obtained from surveys. excluding loan with cash collateral. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.896.733.501 2. unless otherwise stated) 37. 347 . 2010.878 (6.574 666.510 (93. insuranced loan and payroll-deducted loan.422) 8. this financial asset is impaired with the following details: 2010 Foreign currencies Usance Import Letter of Credit Usance Domestic Documentary Letter of Credit Total Less : allowance for impairment losses 553.638 1. 2010. loan evaluation is performed only for micro market segment.076 264.640. the administrative accounts are impaired with the following details: 2010 Rupiah Bank guarantees issued Outstanding irrevocable Letter of Credit Foreign currencies Outstanding irrevocable Letter of Credit Bank guarantees issued Total Less : Allowance for Impairment Losses 1. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 111 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

348 . adequacy of identification. early warning system. the total outstanding loans and the percentage of total actual loss on each disaster prone area in recent years. Besides that. Liquidity management policy includes liquidity management. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 112 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. minimum SBI in the secondary reserve. funding strategies. which includes active supervision of the Board of Commissioners and Directors. as well as ensuring availability of high quality liquid assets. on "Implementation of Risk Management for Liquidity Risk”. In an effort to properly control the exposure and the concentration of liquidity and manage the daily liquidity. concentration of 50 (fifty) core depositors and the concentration of funds among bank liabilities). BRI also regularly conducts stress testing simulation on a quarterly basis which is submitted to the Boards of Directors and Commissioners of BRI through the Risk Management Committee (RMC) minutes of meeting. measurement. Loan to Deposit Ratio (LDR) and overnight lending limit (O/N). unless otherwise stated) 37. RISK MANAGEMENT (continued) Credit Risk Management (continued) In order for the estimated decline in value to result in an adequate loss value. liquid assets ratio < 1 month towards liquid liabilities < 1 month. adequate policies and procedures on liquidity and limit as well as a comprehensive system of internal control. The policy aims to ensure sufficient daily funds in meeting its obligations during normal and crisis conditions on time from various sources of funds available. daily. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. performs monitoring of maturing assets and liabilities. 2009. medium term. Liquidity Risk Management BRI liquidity management is conducted nationally by the Treasury Division. short term. BRI conducts daily monitoring for possible withdrawal amount made by customers. 2010 and 2009 (Expressed in millions of Rupiah. establishment of liquidity limit.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Liquidity risk limit is the concentration ratio of assets and liabilities (minimum secondary reserve excluding SUN. monitoring and control process as well as liquidity risk management information system. BRI has prepared Risk Management Implementation policy for BRI’s liquidity risk according to PBI No. maintains sufficient liquid assets to meet its maturing obligations. denominated in Rupiah or foreign currency. BRI also optimizes the determined cash ratio for Regional Offices and Branch Offices by taking into account the cash need. as an internal material to develop or improve emergency funding plan (contingency funding plan) which is effective and useful as a reference in liquidity risk limit. maximum ratio of cash outflow. 11/16/DPNP dated July 6. ratio of short-term and long-term cash flow mismatch. Liquidity management includes liquidity management for intraday. to manage liquidity. including management of high quality liquid assets and emergency funding plan. BRI prepares and manages liquidity risk limit which are submitted to the Board of Directors through Asset and Liability Committee (ALCO) meetings. The purpose of stress testing is to measure the resistance or ability to meet liquidity and capital needs during crisis situation (stress condition). BRI performs testing for individual debtors on a sampling basis in disaster prone areas and compares the results on a sampling basis with a percentage obtained from the overall loss rate methodology and performs analytical review by looking at the trend of loan impairment. and maintains primary reserve in accordance with Bank Indonesia regulations and the secondary reserve according to the limit determined. To support liquidity management.

381 87.646 178.975.951 50.173 (1.489.148 3.989.834.216 13.990.160.404.766.441.598 695.910 40.989.752 3.123.684.267.538) 184.479 232 295.287) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS Description Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Allowance for impairment losses Placements with Bank Indonesia and other banks Allowance for impairment losses Securities Allowance for impairment losses Export bills Allowance for impairment losses Government Recapitalization Bonds Securities purchased with agreements to resell Derivatives receivable Loans and sharia receivables and financing Allowance for impairment losses Acceptances receivable Allowance for impairment losses Investments in shares of stocks*) Allowance for impairment losses Other assets**) Total Assets Liabilities Liabilities due immediately Deposits from customers Deposits from other banks and financial institutions Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities***) Subordinated loans Total Liabilities Maturity gap Total 9.108 176.572.842 44.741 (4.108 103.116 82.516.301 More than 3 months up to 1 year 1.397 456.584.651 3.658.443.178 43.365 (63) (250) (1.980.471.390 (250 ) 22. **) Other assets consists of interest receivable and other receivables.287) *) Investments in shares of stocks are investments in shares of stocks using the cost method.669) 1.639 333.974. 2010 and 2009 (Expressed in millions of Rupiah.654 48.034 10.870 252.839 103. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.535.418) (14.479 (137.160 18.246) 13.233 More than 1 year CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 4.156. 349 .626. unless otherwise stated) 37.156. 113 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.102.878 9.683 5.397 5.600.181 356.247.132 344.000 167. 2010 and 2009 : 2010 More than 1 month up to 3 months 218.491 116 294.119.560 ) 34.288.856 2.822 4.424 23.381 9.646 (547) 1.463 501.709.120 Others without maturity 7.342.615 575.126 93.132 4.639 284.522 21.295.801 666.206 (14.454.652.365 81.160.004.878 (6.369 157.674 269.510) (7.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.288 308.257 - SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS (14.510 ) 741.425.975.613 5.026.703.093 39.830) 666.199 102.315 526.466 78.712 19.744 396.123.598 924.180 9.134.509 5.789 2.463 501.156 72.344 480.272.658.545 603.582 (11.830) (6.277.628 2.491.712 19.405.757 (7.068 1.116 (63 ) 83.119.257 22.683 5.241 423.775 14.659.488 294.102.997. ***) Other liabilities consists of interest payable and guarantee deposit.669) (547) (14.418 ) 13.542 269.148 26. RISK MANAGEMENT (continued) Liquidity Risk Management (continued) This table represents information about the mapping of financial assets and liabilities within a certain time scale (maturity buckets) based on the remaining maturity as of December 31.997.732 Up to 1 month 9.

261 4.422 283.589 4.399 837.907 544.716 (4.535.449) (11.900 635.420 547.414 9.533 1.419.392 85.967 24.512 ) 15.811) (136.852.858 47.925. 114 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.485 3.928.403 441.205 53.428 28.490.349 2.626.971 217.563 16.600.027.368.074 503.233 ) 24.464 277.703.627.752 213.086 40.559) 14. ***) Other liabilities consists of interest payable and guarantee deposit.000 92.876 311.997 26.290 (136.975 2.261 53.585 533.172 (5.304 12.159.148) 352.232 255.053 213.685 4.631.884 Up to 1 month 8.155 85.726 4.441 45. 350 .985.621 157.000 52.421.611.712 277.053.743.604 138.783 800.887 15.882.480 129.050 17.502) 1.609 6.678.074 503.033.730.415 15.199 28.842 111.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.333. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.547 102.653. 2010 and 2009 (Expressed in millions of Rupiah. **) Other assets consists of interest receivable and other receivables.487.368.422.530 More than 3 months up to 1 year 187.013.646 143.232 214.453 More than 1 year CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE SUBSIDIARIES 4.086 (90.919.449.512) (1.925.423 1.081.311) MANAGEMENT DISCUSSION AND ANALYSIS Description Assets Cash Current accounts with Bank Indonesia Current accounts with other Banks Allowance for impairment losses Placements with Bank Indonesia and other banks Allowance for impairment losses Securities Allowance for impairment losses Export bills Allowance for impairment losses Government Recapitalization Bonds Securities purchased with agreements to resell Derivatives receivable Allowance for impairment losses Loans and sharia receivables and financing Allowance for impairment losses Acceptances receivable Allowance for impairment losses Investment in shares of stocks*) Allowance for impairment losses Other assets**) Total Assets Liabilities Liabilities due immediately Deposits from customers Deposits from other banks and financial institutions Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities***) Subordinated loans Total Liabilities Maturity gap Total 8.893.808.414 9.553 7. unless otherwise stated) 37.417 8.081.921 (1.939 3.241 (57.139.396.502) (547) (11.302 352.344.349 5.449 ) 208.709 27.664. RISK MANAGEMENT (continued) Liquidity Risk Management (continued) 2009 More than 1 month up to 3 months 46.568 (11.671 Others without maturity 6.148) (4.172.181 2.887 144.862.664.937 (11.555.289.646 (547) 2.368.893.122.109 ) 551.304 12.716 13.145 18.109) (5.426 78.396.311) FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 *) Investments in shares of stocks are investments in shares of stocks using the cost method.601 30.263.939 333.176 19.233) (57.428 3.541 (90.239.862 1.496 2.203 232 229.282.012 (117.480.302 1.333.811 ) 40.139.166.

cut loss limit.50 4.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009 (Expressed in millions of Rupiah. BRI performs monitoring and restricting losses by determining market risk limit as well as by deciding dealer transactions limit.37 4. 2010 and 2009: December 31.63 10.94 1.29 6. (a) Interest rate risk Financial instruments whose value is based on interest rate contains risk as there are potential changes in interest rates which affects future cash flows. 2009 Rupiah (%) Foreign currency (%) COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES 5. This information is the basis of consideration in planning and managing BRI's liquidity. 2010 Rupiah (%) ASSETS Placements with Bank Indonesia and other banks Securities Export bills Loans Government Recapitalization Bonds Fixed interest rate Floating interest rate LIABILITIES Deposits from customers Deposits from other banks and other financial institutions Fund borrowings Subordinated Loans Foreign currency (%) December 31.09 14.79 - 6. 351 .37 5.66 1.77 13. The Board of Directors and senior management who are members of ALCO are responsible for establishing.95 0.01 11.50 10.50 3.24 6. BRI manages market risk by implementing Middle Office function.03 3.00 15. unless otherwise stated) 37.97 2. Market Risk Management Market risk is the risk of losses arising due to the movement of market factors consisting of interest rates and exchange rates that are against the position held by BRI.87 8.90 4. an independent unit from the front office.81 5. on the balance sheet or on offbalance sheet accounts.80 - BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 115 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.18 2.33 6.84 2.00 16. including the need for BRI’s business expansion. The positions are those in the trading book and banking book.71 5. which monitors the trading activities undertaken by the dealers (front office) in the Treasury Division. managing and controlling interest rate risk by weighing the BRI’s risk appetite and targeted financial achievement. RISK MANAGEMENT (CONTINUED) Liquidity Risk Management (continued) BRI sustains an optimum level of liquidity by maintaining sufficient liquid assets to pay deposits from customers and its maturing obligations as well as providing fund for asset growth when needed. stop loss limits and Value-at-Risk (VaR) limit. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.98 13.88 2. In market risk management.30 6.48 3. The table below represents the average interest rates per annum of BRI’s financial assets and liabilities as of December 31. it is expected that BRI’s liquidity risk can be minimized and the banking system stability can be improved comprehensively. With the implementation of effective liquidity risk management.50 4.95 2. BRI has liquidity risk analysis which is the Liquidity Gap Analysis that provides information on the projected surplus or deficit of liquidity based on maturity profile.76 9.

unless otherwise stated) 37.065.683 5.989.123.374 526.639 77.673 603.897 6.425.365 81.975.750 130.181 356.295.878 35.282.989.431 Noninterest bearing 83.156.965.156. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 352 .683 5.295.128 78.506.823.116 83.364.019 4.476 125.674.646 1.975.712 19.175.203 4.072.318 3.658.730.757 More than 3 months but less than 1 year More than 1 year 10.789 2.061.545 2.298.000 78.000 501.160.600.272.712 - MANAGEMENT DISCUSSION AND ANALYSIS Description Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Placement with Bank Indonesia and other banks Securities Fair value through profit and loss Available-for-sale Held-to-maturity Export bills Governments Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased with agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investment in shares of stocks*) Other assets**) Total Assets Liabilities Liabilities due immediately Deposits from customers Current accounts Saving deposits Time deposits Deposits from other banks and financial institutions Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities***) Subordinate loans Total Liabilities Interest rate repricing GAP Fixed Interest rate Total 9.703.878 9.565.465 98.639 77.272.734 741.910 54.489.600.364.476 125.144 13.000 16.454.315 526.989.744 11.789 607.381 112.870 252.026.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.144 13. **) Other assets consists of interest receivable and other receivables.652 ) 19.026.390 203.000 501.303 9.361.181 14.757 CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY 8.240.381 87.000.658.109 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES *) Investments in shares of stocks are investments in shares of stocks using the cost method.174.000 2.298.530.116 741.751.390 203.769 666.397.654 224.405.702.463 7.467 78.206 666. ***) Other liabilities consists of interest payable and guarantee deposit.453 19.855 (302. 116 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.878 1.984 231.878 338.545 603.224.744 410.750 130.578 5.941 666.339 6.463 3.856 6. RISK MANAGEMENT (continued) Market Risk Management (continued) (a) Interest Rate Risk (continued) The tables below summarize the financial assets and liabilities exposures to interest rate risk (gross) (unaudited): 2010 Floating interest rate Not more than 3 months 19.801 666.072.398 3.439.453 2.123.453 4.171 87.405.462 10.646 1.216 1.128 231.703.989.365 6.113 9.908.295 9. 2010 and 2009 (Expressed in millions of Rupiah.171 5.

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Market Risk Management (continued) (a) Interest Rate Risk (continued) To manage market risk on a daily basis, BRI has implemented treasury and market risk application (Guava), an integrated system utilized by the front office (dealers), middle office and back office, whereby the application is able to perform the market risk measurement using an internal model (value-at-risk) that is integrated with the daily transaction processing. With the application system, BRI is able to monitor exposure and market risk limit on a daily basis, thus easing the monitoring of market risk and to provide updated information to the management, as well as to support decision making on time. To assess the accuracy of the methodology calculation of value-at-risk (VaR) used in predicting potential losses, BRI periodically perform validation through back testing process. In addition, to anticipate abnormal market movements, BRI regularly conducts stress testing on portfolio both in trading book and banking book to evaluate the impact of significant losses should there be abnormal movement of the market factors. Stress tests are made with various scenarios, both hypothetical and historical taking into account crisis events experienced. (b) Exchange Rate Risk Exchange rate risk is the risk arising due to the gap of foreign exchange positions held by BRI reflected in BRI’s Net Open Position (NOP) both individually and at a consolidated level. Included in the foreign exchange positions are the trading book positions conducted to generate profit from foreign exchange transactions in the short-term and banking book position in order to control the NOP. In accordance with Bank Indonesia regulation, NOP is determined to be at a maximum level at 20% of the capital, while BRI internally determined a maximum level at 15% of the capital. The table below represent NOP of BRI as of December 31, 2010 and 2009 (unaudited), by currency, as follows:
2010 Currencies Balance sheet United States Dollar European Euro Australian Dolar Japanese Yen Singapore Dollar British Pound Sterling Others Assets 43,173,174 1,340,027 454,886 160,917 136,815 61,936 390,261 Liabilities 44,123,264 1,187,084 37,286 51,274 34,366 54,273 61,847 NOP (950,090) 152,943 417,600 109,643 102,449 7,663 328,414 168,622

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

117
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

353

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Market Risk Management (continued) (b) Exchange Rate Risk (continued)
2010 Currencies Balance sheet and off-balance sheet accounts*) United States Dollar European Euro Australian Dollar Japanese Yen Singapore Dollar British Pound Sterling Others Assets Liabilities NOP

MANAGEMENT DISCUSSION AND ANALYSIS

CORPORATE GOVERNANCE

51,023,235 1,340,027 454,886 160,917 136,815 61,936 390,261

51,316,690 1,187,084 37,286 51,274 34,366 54,273 61,847

293,455 152,943 417,600 109,643 102,449 7,663 328,414 1,412,167

Capital (Note 48a) NOP Ratio (Balance Sheet) NOP Ratio (Overall) 2009

31,710,589 0.53% 4.45%

CORPORATE SOCIAL RESPONSIBILITY

Currencies Balance Sheet United States Dollar European Euro Japanese Yen Australian Dollar British Pound Sterling Singapore Dollar Others

Asset 40,089,446 4,074,788 367,718 70,348 58,371 51,865 353,308

Liabilities 40,585,718 4,009,293 33,107 82,493 26,166 52,753 101,697

NOP (496,272) 65,495 334,611 (12,145) 32,205 (888) 251,611 174,617

BRI 2011

Balance sheet and off-balance sheet accounts*) United States Dollar European Euro Japanese Yen Australian Dollar British Pound Sterling Singapore Dollar Others

SUBSIDIARIES

40,238,798 4,074,788 367,718 70,348 58,371 51,865 353,308

40,735,070 4,009,293 33,107 82,493 26,166 52,753 101,697

496,272 65,495 334,611 12,145 32,205 888 251,611 1,193,227

FINANCIAL STATEMENTS FINANCIAL REPORT

118
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

354

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Market Risk Management (continued) (b) Exchange Rate Risk (continued)
2009 Currencies Capital (Note 48a) NOP Ratio (Balance Sheet) NOP Ratio (Overall)
*)

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS

Assets

Liabilities

NOP 22,839,021 0.76% 5.22%

Total absolute differences between Assets and Liabilities denominated in foreign currencies.

Operational Risk Management BRI's operational risk management has an equal position to the credit risk management, market risk and other risks. Operational risk management framework is designed in accordance with BRI’s internal needs with respect to the existing regulations and implementation practices in domestic and multinational banks. BRI's operational risk management process includes the steps of identifying risk issues, measuring the exposure to risk issues, monitoring changes in risk exposures and controlling implementation issues are the core activities of 3 (three) bank’s organizational functions independent from one another. These are Operational Unit (UKO), Risk Management function (MR) and audit functions. BRI has the MR function, whereby an officer is appointed and assigned to coordinate the implementation of risk management in each Division, Regional Office and Branch Office. The role of MR function is to increase the culture of risk awareness through socialization and communication, implementation of risk management process by utilizing determined risk management tools such as the Risk and Control Self Assessment (RCSA), Key Risk Indicators (IRU), Incident Management (MI) and the Risk Management Assessment Forum and Risk Management implementation of maturity level evaluation in the Unit, to monitor implementation of risk management and reporting to the Head of Working Unit and Risk Management Division and implementing Business Continuity Management (BCM) which are parts of risk management tools. In each branch there are 3 (three) MR functions, each focuses on the 3 (three) main activities which are operational, loan (marketing) and micro business. The branch office is the operational working unit with high level of complexity of transactional activity and is BRI’s first line of defense in providing direct services to the customers. Implementation of risk management process in BRI Regional Offices is supported by the Regional Risk Management Group (GMRK), an independent function in ensuring the implementation of risk management. Broadly, GMRK is responsible for coordinating and monitoring training activities, socialization, verification and implementation of risk management process in BRI’s business process as well as management improvement in response to findings of the audit unit.

CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

119
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

355

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Operational Risk Management (continued) In order to facilitate implementation of BRI’s operational risk management, BRI utilizes the main tool consisting of Risk and Control Self Assessment (RCSA), Key Risk Indicators (IRU) and Loss Event Data (Incident Management (MI)). In addition, 2 (two) tools in supporting the implementation of the Risk Management Forum arrangement and assessment of maturity (level of reliability) function to improve the effectiveness of operational risk management process. BRI’s operational risk information management system utilizes all of the above tools through the application of OPRA (Operational Risk Assessor) that have been implemented in 32 (thirty two) Divisions/Office Desks, Special Branch Offices, 18 (eighteen) Regional Offices, 419 (four hundred and nineteen) Branches. The result of the assessment and recording through OPRA is the subject of analysis of BRI’s operational risk exposure and the effectiveness of its control which is regularly submitted and discussed during the RMC and Operational Risk Management Committee (ORMC) meetings. During the year 2010, ORMC meetings have been held as many as 3 (three) times as a follow up meeting of the RMC. Meetings of ORMC discuss operational risk profile and current risk issues and technical problems in the implementation of operational risk management tools in all work units of BRI. (a) Risk and Control Self Assessment (RCSA) Every operational risk issue assessment is done through self assessment by the heads of working units, qualitative and predictive for 3 (three) months ahead. RCSA assessment method consists of a series of activity measurements of identified operational risk issues by taking into account the impact dimension and occurrence possibility, ensuring the availability and quality of risk control tools, as well as assessing the potential level of implementation effectiveness. Should the assessment results exceed the specified risk tolerance level, head of working unit will arrange follow-up plan (action plan) required according to the determined authority. Management information generated by RCSA among others include the top 10 (ten) risk issues and risk profile details by product, process, specific risks type, organizational structure, Key Performance Indicators (KPI) of products, functional activities and business lines. This risk information is dynamic according to changes in business conditions and are quarterly risk management focus of each BRI’s Division, Regional Office and Branch Office. (b) Key Risk Indicators (KRI) Key risk indicators are useful to facilitate the head of BRI working unit in monitoring the risk condition faced and are potential constraints in the achievement of targets determined. Risk indicators are recorded in internal reports of BRI. Determination of BRI’s risk indicators pay attention to the rules of SMART (specific, measurable, accountability, responsibility and timeliness). Risk indicators provide information on BRI’s risk trends, both predictive (leading) or historical (lagging) and serves as a tool for early detection of an adequate and predetermined action plan while conducting RCSA.

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

120
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

356

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Operational Risk Management (continued) (c) Incident Management (MI) Data collection of occurrence and loss events is designed in the incident management framework. The database covers actual losses, potential and near misses. Losses are identified based on the types of loss, causes, activities, risk types, business lines and categories of BRI’s business processes. Historical loss events also include information on the amount of recovery, litigation and settlement process of BRI’s losses. Information on losses can be compiled in a database matrix of losses covering 8 (eight) business lines and 7 (seven) event types, which is the requirement in calculating capital reserves for operational risk using the Advanced Measurement Approach (AMA). (d) Risk Management Forum (Forum) Forum is a place of meeting among head of working units and subordinates to discuss issues/inherent risks in business or operational activities. The purpose of the forum is to ensure effective implementation of risk management process and to become one of the supports in developing the culture of risk awareness in BRI. Focus of discussion in the forums held in the period of 2010, among others, are potential misuse of user ID and password, fraud in banking operations, achievement of KUR targets and achievement of low-cost funds targets. The working unit is the risk owner determined to follow-up a plan to control the risks mentioned. (e) Maturity Maturity is a support tool that is used in evaluating the maturity level of risk management implementation in the respective operational units during the past year, to be used as a basis for improvement planning of risk management implementation in the future. The assessment is done by the heads of working units through self assessment by answering several questions related to the implementation tools and risk management culture. During the year 2010, maturity level of risk management of all BRI’s working units have the following characteristics: • Each employee has to understand and enforce internal controls in each implementation activity, which is his duty and responsibility. • The MR function has a good understanding of the function and usefulness of RCSA, not merely complying with the regulations of BRI and Bank Indonesia. MR function encounters no obstacles/difficulties in predicting the risk with RCSA. • Each employee has to understand the critical activities that must be maintained continuously in case of disasters and knowledgeable of maintaining the continuity of the activity mentioned. Assessment of operational risk management adequacy is conducted to every new products and on activities that will be marketed or executed according to existing bank regulations. BRI's products and activities during the period of 2010 are e-money BRIZZI and SMART SIM, as well as BRI corporate credit card and BRI bussiness credit card. Assessment of management adequacy by DMR on the product and/or new activities will constitute a criteria for acceptable risk without the need for further study with a characteristic of low level inherent risk, control risk, including tools/ supporting infrastructure to manage risks adequately and completely to obtain low residual risk.

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

121
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

357

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 37. RISK MANAGEMENT (continued) Operational Risk Management (continued) (e) Maturity (continued) BRI’s Business Continuity Management Policy, has been implemented among others by the formation of SK Crisis Management Team, Call Tree and establishment of Alternate Site at each branch office, regional office, as well as the Head Office Division. Disaster response and recovery activities of business operations performed in the event of natural disasters among others landslides in Wasior (Papua), tsunami in Mentawai and eruption of Mount Merapi in Yogyakarta and Central Java. In those areas, BRI units have succeeded in restoring business operations within the expected time. Besides the implementation of recovery operations, BRI is also actively involved in supporting the activities of local governments and agencies involved in handling disaster victims through activities of Corporate Social Responsibility (CSR). Allocation of capital for BRI’s risk exposure is calculated by taking into account existing regulations. Although BRI executes initiatives to meet the requirements of internal approach implementation (Advanced Measurement Approach), currently the calculations are still based on the Basic Indicator Approach (BIA). Other Risk Managements Besides that, BRI also perform management and monitoring of other risks such as reputation risk, compliance risk, legal risk and strategic risk in accordance with Bank Indonesia regulations, in the form as follows: • Reputation risk at corporate level is managed centrally with the objective to identify and report reputational risk profile periodically to the Management. • Compliance risk is essentially inherent in all business and operational activities, particularly those related to legislation and other existing regulation. Therefore, compliance risk is the responsibility of all working units and are managed centrally. • Legal risk at the corporate level is centrally managed to help identify, measure, control and monitor the legal risk. • Strategic Risk at the corporate level is managed by the unit in-charge to fit the strategic plan (corporate plan) and BRI business plan (business plan) of at least 3 (three) years term to monitor and evaluate the implementation. 38. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The table below presents the comparison of the carrying value and fair value of financial assets and liabilities. The fair values disclosed below are based on relevant information available as of December 31,2010 and are not updated to reflect changes in market conditions which have occurred subsequently. December 31, 2010 Carrying value Fair value 9,975,712 19,989,683 5,658,053 83,272,140

BRI 2011

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

FINANCIAL STATEMENTS FINANCIAL REPORT

Assets Cash Current accounts with Bank Indonesia Current accounts with other banks Placements with Bank Indonesia and other banks

9,975,712 19,989,683 5,658,053 83,272,140

122
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

358

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 38. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (continued) December 31, 2010 Carrying value Assets (continued) Securities Fair value through profit or loss Available-for-sale Held-to-maturity Export bills Government Recapitalization Bonds Available-for-sale Held-to-maturity Securities purchased under agreements to resell Derivatives receivable Loans and sharia receivables and financing Acceptances receivable Investments in shares of stocks*) Other assets**) Fair value

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS

203,144 13,072,295 9,239,224 734,339 6,026,463 7,600,000 501,381 87,870 238,386,376 660,209 1,099 1,295,744 396,703,732

203,144 13,072,295 9,217,203 734,339 6,026,463 7,685,074 501,381 87,870 238,386,376 660,209 1,099 1,295,744 396,766,785

CORPORATE GOVERNANCE

*) Investments in shares of stocks are investments in shares of stocks using the cost method. **) Other assets consist of interest receivables and other receivables.

Liabilities Liabilities due immediately Deposits from customers Demand deposits Savings deposits Time deposits Deposits from banks and other financial institutions Demand deposits Savings deposits Time deposits and deposits on call Inter-bank call money Securities sold with agreements to repurchase Derivatives payable Acceptances payable Fund borrowings Other liabilities ***) Subordinated loan

CORPORATE SOCIAL RESPONSIBILITY

4,123,639 77,364,476 125,989,750 130,298,171 80,431 7,510 4,066,774 1,005,600 526,365 81,801 666,878 9,454,545 603,789 2,156,181 356,425,910

4,123,639 77,364,476 125,989,750 130,298,171 80,431 7,510 4,066,774 1,005,600 526,365 81,801 666,878 9,454,545 603,789 2,156,181 356,425,910

SUBSIDIARIES BRI 2011

***) Other liabilities consist of interest payables and guarantee deposits.

FINANCIAL REPORT FINANCIAL STATEMENTS

123
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

359

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 38. FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (continued) Methods and assumptions used to estimate fair value are as follows: a) The fair values of certain financial assets and liabilities, except for securities and government bonds held to maturity, loans, derivatives receivable and payable, fund borrowings and subordinated loans, approximate their carrying values because they have short-term maturities. The estimated fair values of certain financial assets are determined based on discounted cash flows using money market interest rate for instruments with similar credit risk and remaining maturities. The estimated fair values of certain financial obligations that do not have a quotation in an active market are determined based on discounted cash flows using interest rates of instruments with similar remaining maturities. b) Securities and Government Recapitalization Bonds The fair values of securities and Government Recapitalization Bonds held-to-maturity are determined based on market price or price quotation of intermediary (broker) securities dealers (dealers). If the information is not available, fair values are estimated by using quoted market price securities that have credit characteristics, maturity and yield which are similar. c) Loans BRI's loan portfolio generally consists of loans with floating rate and fixed rate. Loans are stated at carrying amount. The fair value of loans is derived based on discounted future cash flows expected to be received by BRI using current market rates. Carrying value of loans with floating rate and fixed rate is a reasonable estimate of its fair value. d) Derivatives receivable and payable The fair values of derivative instruments are valued by valuation techniques using components that can be observed in the market, primarily are interest rate swaps, currency swaps and currency exchange contracts. Valuation techniques that are most widely used include forward and swap valuation models that use the present value calculation. The models incorporate various components which include the credit quality of the counterparty, exchange spot and forward rates and interest rate curve. e) Fund borrowings and subordinated loans Fair value is calculated based on discounted cash flow models by using market rates for the remaining maturity period.

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

39. THE INITIAL IMPLEMENTATION OF SFAS NO. 50 (REVISED 2006) AND SFAS NO. 55 (REVISED 2006) SFAS No. 50 (Revised 2006), “Financial Instruments: Presentation and Disclosures”, and SFAS No. 55 (Revised 2006), “Financial Instruments: Recognition and Measurement” became effective and applied beginning January 1, 2010. The transitional regulations of the initial implementation of SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised 2006) are based on Technical Bulletin No. 4 issued by the Indonesian Institute of Accountants, provides the following additional guidance:

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

124
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

360

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 39. THE INITIAL IMPLEMENTATION OF SFAS NO. 50 (REVISED 2006) AND SFAS NO. 55 (REVISED 2006) (continued) 1. Calculation of Effective Interest Rate The calculation of effective interest rate for financial instruments measured at amortized cost that were acquired prior to and still have remaining balance as of January 1, 2010 is calculated by referring to the future cash flows that will be generated from the time SFAS No. 55 (Revised 2006) is first implemented up to the maturity of the financial instruments. 2. Derecognition Financial instruments that have been derecognized prior to January 1, 2010 should not be reevaluated subsequently to determine whether they would meet the derecognition criteria under SFAS No. 55 (Revised 2006). 3. Compound Financial Instruments Compound financial instruments that have existed as of January 1, 2010 should be bifurcated into debt and equity components in accordance with paragraph 11 of SFAS No. 50 (Revised 2006) requirements. The bifurcation should be based on the nature, condition and requirements relating to those financial instruments as of January 1, 2010. 4. Classification of Financial Instruments as Debt or Equity BRI should reassess its financial instruments existing as of January 1, 2010, to determine whether they should be classified as a debt or equity instrument in accordance with the requirements in paragraph 11 of SFAS No. 50 (Revised 2006). 5. Impairment of Financial Instruments As of January 1, 2010, BRI should determine any possible impairment of financial instruments based on conditions existing at that date. Any difference between the impairment resulting from implementation of SFAS No. 55 (Revised 2006) and the impairment calculated based on previous applicable accounting principles is recognized in retained earnings at January 1, 2010. As a result of the initial and prospective implementation of SFAS No. 50 and SFAS No. 55 (Revised 2006), PAPI (Revised 2008) and Technical Bulletin No. 4, BRI has recalculated the allowance for impairment of all financial assets in accordance with the transitional provisions. The difference between the balance of allowance for impairment losses calculated based on SFAS No. 55 (Revised 2006) and the required allowance calculated based on previous standard is adjusted to the opening balance of retained earnings as of January 1, 2010. The recalculation of impairment losses is explained in Note 2f. Details of adjustment on transition date are as follows: January 1, 2010 Impact of transitional adjustments on the implementation of SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised 2006)

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES

Before adjustment Assets, net of allowance for impairment losses Current accounts with other banks

After adjustment

BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

8,990,275

90,810

9,081,085

125
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

361

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 39. THE INITIAL IMPLEMENTATION OF SFAS NO. 50 (REVISED 2006) AND SFAS NO. 55 (REVISED 2006) (continued) January 1, 2010 Impact of transitional adjustments on the implementation of SFAS No. 50 (Revised 2006) and SFAS No. 55 (Revised 2006)

MANAGEMENT DISCUSSION AND ANALYSIS

Before adjustment Assets, net of allowance for impairment losses (continued) Placements with Bank Indonesia and other banks Securities Derivatives receivable Loans Deferred tax assets Equity Retained earnings 40. SEGMENT INFORMATION

After adjustment

CORPORATE GOVERNANCE

40,495,057 24,478,132 143,472 194,242,503 1,915,026 17,834,694

136,233 55,699 1,449 17,266 (71,049) 230,408

40,631,290 24,533,831 144,921 194,259,769 1,843,977 18,065,102

CORPORATE SOCIAL RESPONSIBILITY

Information concerning the geographical segments of BRI are as follows:
As of and for the year ended December 31, 2010 Domestic Earning assets (gross) Total assets Deposits Fund borrowings Equity Interest income - net Income from operations Net income 387,486,564 399,209,206 333,831,851 9,454,545 36,673,110 32,872,868 14,402,001 11,472,385 Overseas 5,353,275 6,015,175 5,219,241 21,385 50,126 22,849 21,698 Elimination (4,410,319) (938,779) (238,380) (21,385) (34,391) (22,849) (21,698) Total 388,429,520 404,285,602 338,812,712 9,454,545 36,673,110 32,888,603 14.402,001 11,472,385

SUBSIDIARIES

As of and for the year ended December 31, 2009 Domestic Earning assets (gross) Total assets Deposits Fund borrowings Equity Interest income - net Income from operations Net income 307,143,530 314,537,518 258,195,936 13,611,399 27,257,381 23,038,271 8,560,659 7,308,292 Overseas 2,816,532 3,591,356 2,343,832 78,710 45,553 12,260 43,590 Elimination (733,637) (1,181,845) (161,600) (78,710) (34,329) (12,260) (43,590) Total 309,226,425 316,947,029 260,378,168 13,611,399 27,257,381 23,049,495 8,560,659 7,308,292

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

126
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

362

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM a. Defined Benefit Pension Plan (PPMP) Effective as of January 1, 2007, all newly appointed permanent employees are not included in the PPMP program. Under this program, the right on pension benefit is given based on the established conditions which are stated in the regulation with consideration of the yearly gratuity factor over the working period, and income on the Pension Fund. BRI’s pension plan is managed by Dana Pensiun BRI (DPBRI). According to the regulation in the BRI’s Directors’ Decision Letter, the employee’s contribution for pension contribution amounted to 7% of the employee’s pension-based salary and any remaining amount required to fund DPBRI represents the contribution by BRI, whereby the contribution of BRI since May 1, 2010 amounted to 18,91% (previously 16,24%). This is due to the increase in pension benefits which amounted to Rp1,000,000 (full Rupiah), effective on May 1, 2010. The actuarial calculation of BRI’s pension costs as of December 31, 2010 and 2009, was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, which are stated in accordance with SFAS No. 24 (Revised 2004), by using the “Projected Unit Credit Method” and considered the following assumptions: 2010 Annual discount rate Annual pension-based salary growth rate Annual pension benefit growth rate Mortality rate Disability rate Normal retirement age 2009

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE

9.0% 10.0% 7.5 7.5 4.0 4.0 CSO 1958 CSO 1958 10.0% of CSO 1958 10.0% of CSO 1958 56 years 56 years

CORPORATE SOCIAL RESPONSIBILITY

The assets of DPBRI mainly consist of time deposits, securities and long-term investments in the form of shares of stocks and property. The status of the pension plan based on the actuarial calculation is as follows: 2010 Assets at fair value Present value of defined benefit pension liabilities Pension program funded status Gain on unrecognized actuarial adjustments Unrecognized past service cost (non-vested) Unrecognized liabilities of defined benefit pension 8,785,181 (8,400,544) 384,637 (732,773) 89,569 (258,567) 2009 7,578,545 (6,821,484) 757,061 (887,840) (130,779)

SUBSIDIARIES

The movements in the defined benefit pension liabilities for the years ended December 31, 2010 and 2009 are as follows: 2010 2009 Beginning balance Defined benefit pension expense - net (Note 33) BRI contributions Ending balance (Note 25) 127
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

BRI 2011

130,779 276,275 (148,487) 258,567

269,636 (138,857) 130,779

363

FINANCIAL REPORT FINANCIAL STATEMENTS

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) a. Defined Benefit Pension Plan (PPMP) (continued) Defined benefit pension expense as of December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Expected return on plan assets Recognized actuarial gain - net Immediate recognition of past service cost - vested Defined benefit pension expense (Note 33) b. Old-Age Benefits Plan BRI’s employees are also given old-age benefits (THT) based on the regulation as stated in the decision letter by the Directors of BRI. BRI’s old-age benefits plan is managed by Yayasan Kesejahteraan Pegawai BRI. Old-age benefit contributions consist of payments from the employees and BRI’s contributions in accordance with the requirements of the Decision Letter of the Directors of BRI. Based on the actuarial calculation of BRI’s old-age benefits as of December 31, 2010 and 2009 which was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, which have been stated in accordance with SFAS No. 24 (Revised 2004), by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages growth rate Mortality rate Disability rate 9.0% 7.5 CSO 1958 10.0% of CSO 1958 2009 10.0% 7.5 CSO 1958 10.0% of CSO 1958 156,281 682,148 (795,747) (10,198) 243,791 276,275 2009 107,441 672,972 (625,642) 114,865 269,636

CORPORATE SOCIAL RESPONSIBILITY

CORPORATE GOVERNANCE

MANAGEMENT DISCUSSION AND ANALYSIS

The status of the old-age benefits as of December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Assets at fair value Present value of old-age benefits liability Funded status Unrecognized actuarial gain Prepaid old-age benefits 2,182,880 (1,031,664) 1,151,216 1,151,216 2009 2,077,426 (999,122) 1,078,304 1,078,304

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

SUBSIDIARIES

128
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

364

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) b. Old-Age Benefits Plan (continued) Old-age benefits expense as of December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Expected return on plan assets Net actuarial losses (gain) recognized Deferred assets Old-age benefits expense 14,699 99,912 (186,968) 48,071 72,912 48,626 2009 51,077 99,312 (193,033) (51,189) 141,091 47,258

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS

As of December 31, 2010 and 2009, BRI did not recognize the prepaid old-age benefits and the income of old-age benefits as BRI management has no benefits on those assets and has no plans to reduce its contributions in the future. c. Defined Contribution Pension Plan The employees of BRI are also included in the defined contribution pension plan in accordance with the BRI Directors’ decision which was effective in October 2000. BRI’s contributions to the plan that are reported in the consolidated statements of income amounted to Rp680,318 and Rp116,074 for the years ended December 31, 2010 and 2009, respectively (Note 33). This pension plan is managed by Dana Pensiun Lembaga Keuangan BRI. d. Work Separation Scheme (i) BRI (Parent Company) Based on the BRI management calculation which used the actuarial valuation assumptions on BRI’s liability related to the allowance for cost settlement of separation pay (PHK) including severance, gratuity and compensation benefits based on Labor Law No. 13 year 2003 (UU No. 13/2003) for liability as of December 31, 2010 and 2009. The above actuarial calculation was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate Disability rate 9.0% 7.5 CSO 1958 10.0% of CSO 1958 2009 10.0% 7.5 CSO 1958 10.0% of CSO 1958

CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES

The status of the work separation scheme based on the actuarial calculation is as follows: 2010 Present value of work separation liability Unrecognized actuarial gains or losses Work separation scheme liability (259,300) (245,470) (504,770) 2009 (537,196) 75,575 (461,621)

BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

129
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

365

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

COMPANY PROFILE

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) d. Work Separation Scheme (continued) (i) BRI (Parent Company) (continued) The movements in the work separation December 31, 2010 and 2009 are as follows: Beginning balance Work separation scheme expense - net (Note 33) Actual benefit payments by BRI Ending balance (Note 25) scheme liability 2010 461,621 69,320 (26,171) 504,770 for the years 2009 435,873 64,831 (39,083) 461,621 ended

MANAGEMENT DISCUSSION AND ANALYSIS

CORPORATE GOVERNANCE

The calculation of work separation scheme expense based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Recognition of current year losses Work separation scheme expense (Note 33) (ii) Subsidiary The subsidiary provides the work separation scheme based on the provisions of Labor Law No. 13/2003 dated March 25, 2003. The following tables summarize the components of the work separation scheme expense recognized in the consolidated statements of income and recognized in the consolidated balance sheets for the work separation scheme liability as of December 31, 2010 and 2009, as determined by PT Katsir Imam Sapto Sejahtera Aktuaria, an independent actuary, in its reports dated February 16, 2011 and February 10, 2010, respectively, by using the “Projected Unit Credit Method” with the following assumptions: 2010 2009 10.0% 7.0 TMI-II 1999 Annual discount rate Gross wages future growth rate Mortality rate 10.0% 5.0 TMI-II 1999 19,356 48,347 1,617 69,320 2009 15,408 49,072 351 64,831

SUBSIDIARIES

CORPORATE SOCIAL RESPONSIBILITY

As of December 31, 2010 and 2009, the status of the work separation scheme based on the actuarial calculation is as follows: 2010 Present value of work separation liability Accumulation of unrecognized actuarial gain Work separation scheme liability (5,631) (5,009) (10,640) 2009 (3,053) (4,066) (7,119)

FINANCIAL STATEMENTS FINANCIAL REPORT

BRI 2011

130
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

366

FOREWORD

These consolidated financial statements are originally issued in the Indonesian language.

PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2010 and 2009 (Expressed in millions of Rupiah, unless otherwise stated) 41. EMPLOYEES PROGRAM (continued) d. Work Separation Scheme (continued) (ii) Subsidiary (continued) The movements in the work separation December 31, 2010 and 2009 are as follows: scheme liability 2010 Beginning balance Work separation scheme expense - net (Note 33) Actual benefit payments Ending balance (Note 25) 7,119 4,117 (596) 10,640 for the years 2009 6,363 1,898 (1,142) 7,119 ended

COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE

The work separation scheme expense for the years ended December 31, 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest cost Amortization of accumulated actuarial (gains) losses Work separation scheme expense (Note 33) e. Other Long-term Employee Benefits BRI employees also have long-term employee benefits, such as gratuity for services, grand leaves and pension preparation period (MPP). (i) Provision for gratuity for services The actuarial calculation on gratuity for services as of December 31, 2010 and 2009 was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria, independent actuaries, in their reports dated January 26, 2011 and January 28, 2010, respectively, by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Gold price growth rate Mortality rate Disability rate 9.0% 7.5 7.0 CSO 1958 10.0% of CSO 1958 2009 10.0% 7.5 7.0 CSO 1958 10.0% of CSO 1958 4,002 305 (190) 4,117 2009 2,019 169 (290) 1,898

CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES

The present value of obligation for gratuity for services based on the actuarial calculation amounted to Rp548,777 and Rp463,682 as of December 31, 2010 and 2009, respectively.

BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS

131
ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

367

The movement of allowance for grand leaves as of December 31.5 CSO 1958 32.422 90.199 and Rp580.net (Note 33) Benefit payments by BRI Grand leaves liability (Note 25) 132 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. respectively.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2010 and 2009. BRI 2011 2009 491.net (Note 33) Benefit payments by BRI Gratuity for services liability (Note 25) 463.240) 548. BRI (Parent Company) The actuarial calculation for grand leaves as of December 31.766 46.313 50. respectively.422 as of December 31.199 368 .908 (94.368 44. 2011 and January 28.201 123.821 116. in their reports dated January 26.422 FINANCIAL STATEMENTS FINANCIAL REPORT 580. EMPLOYEES PROGRAM (continued) e. Other Long-term Employee Benefits (continued) (i) Provision for gratuity for services (continued) The movements in the provision for gratuity for services December 31.5 CSO 1958 2009 10.335 (38.0% 7. unless otherwise stated) 41. is as follows: 2010 Beginning balance of liability Grand leaves expense .122 38.256 (35. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.346 (44.682 123. by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate Disability rate 9.134 116. 2010 and 2009 (Expressed in millions of Rupiah.569) 626. 2010 and 2009. respectively.335 2009 27. 2010 and 2009 was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria.0% 7.682 ended MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE The gratuity for service expense as of December 31.553 182.0% dari CSO 1958 10.777 for the years 2009 383. 2010.708) 463.2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Recognized actuarial losses Gratuity for services expense (Note 33) (ii) Grand Leaves i. 2010 and 2009 are as follows: 2010 Beginning balance of liability Gratuity for service expense .0% dari CSO 1958 The present value of obligation for grand leaves based on the actuarial calculation amounted to Rp626. independent actuaries.039) 580.256 CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES 10.

535 58.0% 5.687 182.908 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY The present value of obligation for grand leaves based on the actuarial calculation amounted to Rp2. 369 . 2010. The movements in the provision for grand leaves for the years ended December 31. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. an independent actuary. 2011 and February 10. The actuarial calculation for grand leaves as of December 31. Subsidiary The Subsidiary also provides the grand leaves program to its employees as one of their benefit. 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Recognized actuarial losses Grand leaves expense (Note 33) ii. unless otherwise stated) 41.155 78. 2010 and 2009 (Expressed in millions of Rupiah. 2010 and 2009 was prepared by PT Katsir Imam Sapto Sejahtera Aktuaria.0 TMI-II 1999 55. respectively. in its reports dated February 16. EMPLOYEES PROGRAM (continued) e.386 2009 SUBSIDIARIES 808 808 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 133 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.042 (23.0 TMI-II 1999 2009 10.066 49.346 2009 55. 2010 and 2009 are as follows: 2010 Beginning balance Grand leaves expense .net (Note 33) Ending balance (Note 25) 808 1. respectively.0% 7.231) 90. by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate 10.386 and Rp808 as of December 31. 2010 and 2009.578 2. BRI (Parent Company) (continued) The grand leaves expense for the years ended December 31. Other Long-term Employee Benefits (continued) (ii) Grand Leaves (continued) i.

Subsidiary (continued) The grand leaves expense of Subsidiary for the years ended December 31. 2011 and January 28. 2010 and 2009 are as follows: 2010 2009 Beginning balance of liability Pension preparation period expense . COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.750 16. unless otherwise stated) 41.569 803.0% of CSO 1958 2009 10. in their reports dated January 26. 2010 and 2009 was prepared by PT Bestama Aktuaria and PT Katsir Imam Sapto Sejahtera Aktuaria. by using the “Projected Unit Credit Method” with the following assumptions: 2010 Annual discount rate Gross wages future growth rate Mortality rate Disability rate 9.750 as of December 31.789) 878.569 and Rp957.608 (95.925 (84.845) 957. independent actuaries.670 238. respectively.0% of CSO 1958 1.5 CSO 1958 10.506 73 (1 ) 1.net (Note 33) Benefit payments by BRI Pension preparation period liability (Note 25) 957. 2010 and 2009.578 2009 532 30 246 808 CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS The present value of obligation for provision for pension preparation period based on the actuarial calculation amounted to Rp878. Other Long-term Employee Benefits (continued) (ii) Grand Leaves (continued) ii.0% 7. 2010 and 2009 based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Amortization of unrecognized past service cost (non-vested) Amortization of accumulated actuarial gains Grand leaves expense (Note 33) (iii) Pension preparation period The actuarial calculation of pension preparation period as of December 31. 2010 and 2009 (Expressed in millions of Rupiah.750 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 134 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. The movements in the provision for pension preparation period for the years ended December 31. 370 . EMPLOYEES PROGRAM (continued) e.0% 7.5 CSO 1958 10. respectively. 2010.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.

401 57.775 (125.486.590.148 (1. Other Long-term Employee Benefits (continued) (iii) Pension preparation period (continued) Pension preparation period expense based on the actuarial calculation is as follows: 2010 Current service cost Interest expense Recognized actuarial losses (gains)/ losses Pension preparation period expense (Note 33) 42.608 2009 48.234 1.925 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE 38.net 2009 46.230.399.165 80.869 SUBSIDIARIES 3. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah.033.932.418.385 95.573.033.154. EMPLOYEES PROGRAM (continued) e.336.552) 16.675.199 44.218 1.849) BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 135 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 371 .086.371 (2.513 43.137) 1.279 2.230.443.790) CORPORATE SOCIAL RESPONSIBILITY 756. INFORMATION ON COMMITMENTS AND CONTINGENCIES 2010 Commitments Commitment Liabilities Unused credit facilities granted to debtors Outstanding irrevocable letters of credit (Note 24c) Others Total Commitment Liabilities Commitments .517 4.790 (57.169) 50.net Contingencies Contingent Receivables Interest receivables under settlement Others Total Contingent Receivables Contingent Liabilities Guarantees issued (Note 24c) in the form of: Standby letters of credit Bank guarantees Total Contingent Liabilities Contingencies .190 6.926 2.801.393 238.299 1. unless otherwise stated) 41.186.016 602.367 110.373 478.003 3.465.368 2.169 (43.358.139 111.

612.249% 5.868 316.093 289.182 192.525 247. BRI engages in significant transactions with related parties as follows: 2010 Assets Placements with Bank Indonesia and other banks (Note 6) PT BTMU-BRI Finance Loans (Note 12) PT Bringin Srikandi Finance PT Bringin Indotama Sejahtera Finance PT Bringin Karya Sejahtera PT Bringin Gigantara Key Employees Investment in shares of stocks (Note 14) PT BTMU-BRI Finance Total assets from related parties Total consolidated assets Percentage of total assets from related parties to total consolidated assets Liabilities Demand deposits (Note 18) Savings deposits (Note 19) Time deposits (Note 20) Total liabilities to related parties Total consolidated liabilities Percentage of liabilities to related parties to total consolidated liabilities 2009 215.391 111. Related parties by entity and/or management: Related parties PT BTMU-BRI Finance PT Bringin Srikandi Finance PT Bringin Indotama Sejahtera Finance PT Bringin Gigantara PT Bringin Karya Sejahtera Yayasan Kesejahteraan Pegawai BRI Key Employees Nature of relationship Ownership Ownership by Dana Pensiun BRI Ownership by Dana Pensiun BRI Ownership by Dana Pensiun BRI Ownership by Dana Pensiun BRI Management Corporate activities controller MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE In the course of its business.689.971 87.652 5.483 69.266 191.947.648 0.085% FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY 136 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.130 809.077 134.135 482.492 0. unless otherwise stated) 43.445 367.477 789.207 404.737 485.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. RELATED PARTIES TRANSACTIONS Related parties consist of the management or key personnel of BRI and entities that are owned directly or indirectly by BRI.200% 6.218 158.400 52.432 20.804 460.147% 193.989 28.910 541.000 187.029 0. 2010 and 2009 (Expressed in millions of Rupiah.000 194.602 0.302 50.285. 372 . COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.

2010 and 2009 (Expressed in millions of Rupiah.033 0.085% CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY As of December 31. BRI entered into an agreement with PT Citra Sari Makmur (CSM) in accordance with the procurement of VSAT communication services for Brinets implementation at 126 (one hundred twenty six) BRI working unit locations for 3 (three) years.014 0. COMMITMENTS AND CONTINGENCIES a.420 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 188.066 0. BRI entered into an agreement with PT Satkomindo Mediyasa in accordance with the procurement of Multiprotocol Label Switching (MPLS) communication services in 102 (one hundred and two) BRI working unit locations and VSAT networking services in 453 (four hundred fifty three) BRI working unit locations for 3 (three) years. 373 .887 159.249% 0. SIGNIFICANT AGREEMENTS.147% 0.153 0. BRI has insured its premises and equipment with PT Asuransi Bringin Sejahtera Arthamakmur (a related party).017 0.002% 0. 2008. 44.061% 0. unless otherwise stated) 43.053% 0. SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 137 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.406.162 2009 52.002% 0.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.987 The percentage of transactions with related parties over the total consolidated assets and liabilities of BRI are as follows: 2010 2009 Assets Placements with Bank Indonesia and other banks Loans Investment in shares of stocks Total Liabilities Demand deposits Savings deposits Time deposits Total 0.035 0. RELATED PARTIES TRANSACTIONS (continued) 2010 Salaries and allowances of the Directors and Board of Commissioners (Note 33) Tantiem. bonuses and incentives of the Directors. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009. Communication Services Agreement On June 2. with a contract value of Rp365 per month. 2008. with a contract value of Rp72. On December 31.200% 0.131 0. Board of Commissioners and executive officers (Note 33) 54.114 0.

the ultimate resolution of these legal proceedings and legal claims will not likely have a material effect on the operations. 1998. financial position or liquidity level of BRI. 1998 up to January 31. SIGNIFICANT AGREEMENTS. BRI has established a provision (included in “Other Liabilities”) for several pending lawsuits filed against BRI amounting to Rp517. BRI believes that based on information currently available. On August 31. unless within 6 (six) months before the maturity of the guarantee period or its extension period. 374 .05/2005 dated March 3. respectively (Note 25). the Government charges premium which is computed based on a certain percentage in accordance with the prevailing regulations. unless otherwise stated) 44. 2008. of the Director of Bank Indonesia and Head of IBRA. 17/PMK. In accordance with Regulation No. with a contract value of Rp64. 26 of 1998 as implemented by the Ministry of Finance Decision dated January 28.06/2004 dated February 27.017/2000 dated May 26. 2005. 2010 and 2009. concerning the “Conditions and Procedures in the Implementation of Government Guarantee for the Payment of Obligations of Commercial Banks” was amended by the Ministry of Finance Decision Letter No. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 138 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.017/2000 dated May 26.791. Based on the latest amendment under the Decree of the Ministry of Finance Decision No. among others. The changes consist of. the payment for the guarantee premium which was previously paid through the Indonesian Bank Restructuring Agency which was changed to make the payment through the Government Guarantee Implementation Unit (UP3).298.189 and Rp314. this guarantee is valid from January 26. As of December 31. 45. 2004. with a contract value of Rp92. b. 1/BPPN/1998 dated March 6.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. the Government provided a guarantee on certain obligations of all locally incorporated commercial banks. savings deposits. For this guarantee.454. 2000 from the Ministry of Finance of the Republic of Indonesia. 2001 and with automatic extension of the guarantee period continuously every 6 (six) months. The Decision Letter No. 179/KMK. BRI is a defendant in various litigation actions and legal claims mainly with respect to matters of contractual compliance. Contingent Liabilities In the conduct of its business. the Ministry of Finance will announce to the public the expiry and/or change in the guarantee program. BRI entered into an agreement with PT Aplikanusa Lintasarta in accordance with the procurement of IP-VPN MPLS communication service in 15 (fifteen) BRI working unit locations and VSAT networking service in 796 (seven hundred ninety six) BRI working unit locations for 3 (three) years. 2010. GOVERNMENT GUARANTEE ON OBLIGATIONS OF COMMERCIAL BANKS Based on Presidential Decision No. 84/KMK. or legal claims that are currently in progress. 2010 and 2009 (Expressed in millions of Rupiah. commercial bank obligations guaranteed by the Government Guarantee Program include demand deposits. Management believes that the provision is adequate to cover possible losses arising from pending litigations. Procedures and Policy in the Implementation of Government Guarantee for the Payment of Obligations of Commercial Banks”. COMMITMENTS AND CONTINGENCIES (continued) a. 179/KMK. 1998 and the Joint Decrees No. time deposits and borrowings from other banks in the form of inter-bank money market transactions. starting April 18. 30/270/KEP/DIR and No. concerning the “Conditions. 2000. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. BRI entered into an agreement with PT Satkomindo Mediyasa in accordance with the procurement of VSAT communication service in 982 (nine hundred eighty two) locations for 3 (three) years. 2005 of the Ministry of Finance. Although there is no clear assurance yet. Communication Services Agreement (continued) On December 31.

Requires disclosure of related party relationships. “Presentation of Financial Statements”. unless otherwise stated) 45. requires the provision of information about the historical changes in cash and cash equivalents by means of a statement of cash flows which classifies cash flows during the period into operating. and not yet effective up to the date of completion of financial statements: Effective on or after January 1. 2004 regarding “Deposit Insurance Corporation”. 7 (Revised 2010). 375 SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS . in which LPS guarantees public funds including funds from other banks in the form of demand deposits. the total amount of customers’ savings account in banks which is guaranteed by the Government has increased to Rp2 billion. 3 (Revised 2010). 2 (Revised 2009). 68/PMK. “Related Party Disclosures”. 46. the balance of savings account guaranteed for each customer has a maximum of Rp100 million. SFAS No. to replace UP3 based on Law No. investing and financing activities. prescribes the basis for presentation of general purpose financial statements to ensure comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities. including commitments in the consolidated and separate financial statements of a parent. 1 (Revised 2009). 2006 regarding “Government Guarantee Program on Savings Account”. prescribes the minimum contents of an interim financial report and the principles for recognition and measurement in complete or condensed financial statements for an interim periods. 66 of 2008.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. time deposits. 2005. Based on LPS regulation No. c. from the previous Rp100 million. shall be applied in the preparation and presentation of consolidated financial statements for a group of entities under the control of a parent and in accounting for investments in Subsidiaries. “Consolidated and Separate Financial Statements”. “Statements of Cash Flows”. SFAS No. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. effective on the date stated above. f.05/2005 dated August 10. Early application is allowed. SFAS No. SFAS No. b. 5 (Revised 2009). The Government has established the Indonesia Deposit Insurance Corporation (LPS). 4 (Revised 2009). 2008 regarding “The Amount of Public Savings Guaranteed by the Indonesia Deposit Insurance Corporation”. 2011: a. jointly controlled entities and associates when separate financial statements are presented as an additional information. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY d. and also applies to individual financial statements. 2010 and 2009 (Expressed in millions of Rupiah. e. SFAS No. 2005 of the Ministry of Finance regarding the “Calculation and Payment of Premium on Government Guarantee Program on the Payment of Obligations of Commercial Banks” for the period of July 1 up to September 21. 24 of 2004 dated September 22. 139 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. dated October 13. SFAS No. REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS The following summarizes the revised Statements of Financial Accounting Standards (SFAS) which were issued by the Financial Accounting Standards Board (DSAK) and are relevant to the Bank. “Operating Segments”. Segment information is disclosed to enable the users of financial statements to evaluate the nature and financial effects of the business activities in which the entity engages and the economic environments in which it operates. ”Interim Financial Reporting”. GOVERNMENT GUARANTEE ON OBLIGATIONS OF COMMERCIAL BANKS (continued) The Government Guarantee Program through UP3 has ended on September 22. In accordance with Government Regulation No. savings deposits and/or other similar forms. 1/PLPS/2006 dated March 9. certificates of deposits. 2005 based on Regulation No. transactions and outstanding balances. an independent agency.

therefore. 23 (Revised 2010). “Impairment of Assets”. FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES 140 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 15 (1994) "Accounting for Investments in Associated Companies" and SFAS No. prescribes when an entity should adjust its financial statements for events after the reporting period. 10. p. reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. Contingent Liabilities and Contingent Assets”. 40 (1997) "Accounting for Changes in Equity of Subsidiary/Association". “Provisions. Interpretation of Financial Accounting Standards (IFAS) No. i. o. Identifies the circumstances in which the criteria on revenue recognition will be met and. will be applied in accounting for investments in associates. The website that results from internal research and development. Prescribes the accounting treatment for intangible assets that are not dealt with specifically in another SFAS. CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS j. the specified criteria are met. 19 (Revised 2010). IFAS No. 14. IFAS No. The internal costs to produce and operate the website will be recorded in accordance with SFAS No. 17. "Interim Financial Statements and Impairment". requires that an entity does not reverse an impairment loss recognized in prior interim periods related to goodwill or investments in equity instruments or financial assets carried at cost. "Events After Reporting Period". an impairment loss should be recognized.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 48 (Revised 2009). explained about the accounting by entities that provide rewards points to customers. may be internally or externally accessed represent intangible assets. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. 2010 and 2009 (Expressed in millions of Rupiah. 57 (Revised 2009). SFAS No. SFAS No. n. SFAS No. Prescribes the procedures applied to ensure that assets are not recorded more than their recoverable amount and if the assets are impaired. SFAS No. replacing SFAS No. and also specifies how to measure the carrying amount of intangible assets and related disclosures. 19 (Revised 2010). 8 (Revised 2010). "Investments in Associated Entities". REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (continued) Effective on or after January 1. k. "Customer Loyalty Program". revenue will be recognized. unless otherwise stated) 46. timing and amount related to the information. contingent liabilities and contingent assets and to ensure that sufficient information is disclosed in the notes to financial statements to enable users to understand the nature. Aims to regulate the recognition and measurement of provisions. 2011 (continued): g.Website Costs”. It requires the recognition of an intangible asset if. SFAS No. SFAS No. m. 15 (Revised 2009). 22 (Revised 2010). h. “Intangible Assets . “Business Combinations”. “Revenue”. This standard requires that an entity should not prepare financial statements on the going concern basis if events after the reporting period indicate that the application of the going concern assumption is not correct. Prescribes the accounting treatment of revenue arising from certain types of transactions and events. Provides practical guidance on the application of the criteria on revenue recognition. CORPORATE SOCIAL RESPONSIBILITY l. “Intangible Assets”. Applies to a transaction or other event that meet the definition of a business combination to improve the relevance. and only if. 376 . and disclosure about financial statement date authorized for publication and events after the reporting period. SFAS No.

prescribes the accounting treatment of revenues and costs associated with construction contracts.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. establish the principle of the presentation of financial instruments as liabilities or equity and for offsetting financial assets and financial liabilities. 60. BRI 2011 The Bank is evaluating the impact of these revised standards and has not yet determined the effect on the consolidated financial statements. CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES j. 15. prescribes the accounting treatment for income tax in calculating the tax consequences of current and future recovery or settlement of the carrying amount of an asset (liability) in the future that are recognized in the consolidated financial position. This standard complements SFAS No. SFAS No.No Specific Relation to Operating Activities”. "Financial Instruments: Presentation". and in the disclosures of. prescribes government grants to entities that meet the definition of government grants in SFAS No. e. SFAS No. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS d. f. b. Minimum Funding Requirements and their Interaction”. and the type and extent of risks arising from financial instruments in which the entity is exposed during the period and at the end of the reporting period and how the entity manages those risks. 34 (Revised 2010). as well as transactions and other events in the period is now recognized in the financial statements. i. CORPORATE GOVERNANCE g. specifies the financial reporting by an entity when it undertakes a share-based payment transaction. SFAS No. "Accounting for Income Taxes". c. 18 (Revised 2010). h. SFAS No. “Accounting for Government Grants and Disclosures of Government Assistance”. "Financial Instruments: Disclosures" requires disclosures in the financial statements that enable users to evaluate the significance of financial instruments on the position and financial performance. 24 (Revised 2010). IFAS No.Based Payment". “Government Assistance . 53 (Revised 2010). SFAS No. “SFAS No. unless otherwise stated) 46. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. establishes the accounting and disclosure for employee benefits. "Share . even if there are no conditions specifically relating to the operating activities of the entity other than the requirement to operate in certain regions or industry sectors. 24 (Revised 2010). k. 20. 50 (Revised 2010). 61.The Limit on a Defined Benefit Asset. IFAS No. 46 (Revised 2010). "Accounting and Reporting by Retirement Benefit Plans". SFAS No. “Income Taxes . 2010 and 2009 (Expressed in millions of Rupiah. REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (continued) Effective on or after January 1. prescribes how an entity should account for the current and deferred tax consequences of a change in tax status of entities or its shareholders. "Accounting for Construction Contracts". government grants and in the disclosures of other forms of government assistance. 24 . 24 (Revised 2010). ”Employee Benefits”. 61. FINANCIAL REPORT FINANCIAL STATEMENTS 141 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 18. 377 . "Employee Benefits ". provides guidance on how to assess the limit on the amount of surplus in a defined scheme that can be recognized as an asset under SFAS No.Changes in the Tax Status of an Entity or its Shareholders”. 2012: a. “Accounting for Government Grants and Disclosures of Government Assistance”. establishes the accounting and reporting by the plan to all participants as a group. SFAS No. applies in the accounting for. SFAS No. "Employee Benefits". IFAS No.

494. OTHER DISCLOSURES a. 2009 is 13.839. 3/21/PBI/2001 dated December 13. COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. SFAS No. the cash and cash equivalents components have been modified as described in Note 2a. 55 (Revised 1999) regarding Embedded Derivative Instruments in Foreign Currency Contracts”. Therefore. Based on Bank Indonesia Regulation No.85% for CAR with credit and operational risks and 13. which was amended with PBI No.76% for credit. 42 and SFAS No.675 20.710.358 31.116. 378 . 2010. 2010 and 2009 (Expressed in millions of Rupiah. 49. while as of December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. unless otherwise stated) 46. Revocation of SFAS No.179.30% for CAR with credit risk and 13. 47. 2010 that are relevant to the Bank are as follows: a. 31 (Revised 2000): Accounting for Banks.037.138 1. 5/12/PBI/2003 dated July 17. 49: Accounting for Mutual Funds”. 2008. 2003. REVISED STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (continued) Revocation of Statement of Financial Accounting Standards (PSFAS) issued by DSAK effective from January 1. banks which meet certain criteria should consider market risk in the computation of CAR and include additional supplementary capital. 4.883 22. 10/15/PBI/2008 dated September 24.129 After Reclassification 20. The revocation of the prevailing SFAS applies to all entities that implement SFAS No.589 20.673. ”Revocation of SFAS No. 2001.20% for credit and market risks.718 29. 06: Interpretation of Paragraphs 12 and 16 of SFAS No.836 FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS 142 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Market and Operational Risks 27.997. 2009 have been reclassified: 31 December 2009 Before Reclassification Net cash provided by operating activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year 48. 42: Accounting for Securities Companies and SFAS No. market and operational risks. 5. CAR of BRI (Parent Company) as of December 31. SFAS No. Revocation of SFAS No. the comparative consolidated statements of cash flows for the year ended December 31.277. RECLASSIFICATION OF CONSOLIDATED STATEMENTS OF CASH FLOWS Effective January 1. Based on Bank Indonesia Regulation No.129 9.021 1. the total capital for credit risk consist of core capital and supplementary capital net of investment in shares of stocks. b.263 52. 31 (Revised 2000). Capital Adequacy Ratio (CAR) CAR is the ratio of capital to Risk Weighted Assets (RWA).231 4. ”Revocation of IFAS No. calculated as follows (unaudited): 2010 2009 Capital *) Core Capital **) Supplementary Capital Total Capital for Credit. 2010 is 13.846.773.992.

994 1. 2010 and 2009 (Expressed in millions of Rupiah.75 2009 3.002 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS 2010 CAR for Credit and Operational Risk CAR for Credit.79% 0.00% Presented by excluding deferred tax assets according to Bank Indonesia Regulation No.737.109 171. unless otherwise stated) 48. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. OTHER DISCLOSURES (continued) a.30% 13. 1996 and also has been selected as the Sub-Registry in the conduct of Government Bonds transaction and administration of Scripless Bank Indonesia certificates by Bank Indonesia.893 173. Capital Adequacy Ratio (CAR) (continued) 2010 RWA for Credit Risk after considering Specific Risk ***) RWA for Operational Risk Total RWA for Credit and Operational Risks RWA for Market Risk Total RWA for Credit.737.081 27.330. Non-Performing Loans (NPL) Ratio As of December 31.20% 8.51% 1.883.913 229.78% 0.068.07 2010 2. BRI’s non-performing loans ratio including Sharia receivables and financing are as follows: (i) Consolidated Gross NPL ratio Net NPL ratio (ii) BRI (Parent Company) Gross NPL ratio Net NPL ratio 2010 2.08 SUBSIDIARIES Net NPL ratio is calculated based on NPL after deducting the minimum allowance for possible losses divided by the total loans amount in accordance with Bank Indonesia regulations.74 2009 3.447.76% 8.433.109 1.85% 13.032 2009 171.52% 1. 12/18/DPB1/TPB1-3 dated February 11. 3/21/PBI/2001 dated December 13.130. 379 . c. And Market Risks 201.013. Custodian Operations and Selling Agent BRI has rendered custodian services since 1996 based on its operating license through Bapepam Chairman Decision Letter No. 2010. CORPORATE SOCIAL RESPONSIBILITY b. 2010 and 2009. Operational. Market and Operational Risks ***) Minimum CAR *) 2009 13. BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 143 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.038 230. 91/PM/1996 dated April 11. **) Presented after deducting the amortization of Subordinated Bonds during the period of Subordinated Bonds according to Bank Indonesia Letter No. ***) Operational risk is just accounted for in 2010.00% CORPORATE GOVERNANCE 13.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. 2001.

COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31. The fees and commissions on trust services and other related services (payment agent) (unaudited) earned for the years ended December 31. 1990 and registered in Bapepam in conformity with its Operating License as Trust Services No. The trust services business is a part of the Treasury Division which provides services such as:      Trust services Security agent Payment agent Sinking fund agent Selling agent of mutual funds and investment products.414 and Rp3.340 and Rp11. 2010 and 2009 amounted to Rp4. Information and reporting services. The custodian fees earned (unaudited) for the years ended December 31. respectively. securities companies. which provides services such as:        Safekeeping administration services and portfolio valuation. 380 . MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BRI has (unaudited) 69 (sixty nine) and 157 (one hundred fifty seven) customers as of December 31. respectively. mutual funds and other companies.039. including the related tax payments. respectively. OTHER DISCLOSURES (continued) c. Corporate actions and proxy services. respectively.013/1990 dated December 6.880. 1996. 08/STTD-WA/PM/1996 dated June 11. Transaction settlement (settlement/transaction handling) services. in order to provide more convenience for customers to be informed of their portfolio value. 2010 and 2009. respectively. Custodian Unit Link services. DPLK. 2010 and 2009 amounted to Rp11.300. d. 2010 and 2009. Income collection services. which mainly consist of pension funds. unless otherwise stated) 48. 2010 and 2009. Custodian Operations and Selling Agent (continued) The custodian services business is a part of the Treasury Division. 1554/KMK. BRI coordinates with PT Asuransi Jiwa Bringin Jiwa Sejahtera.983. Trust Operations BRI has rendered trust services since 1990. including information through website. FINANCIAL STATEMENTS FINANCIAL REPORT 144 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. and On-line Brokerage services of BBRI Shares. BRI Custodian has currently provided information system accessible through the “Customer Information E-access” website. The total value of bonds issuance on behalf of bonds issuers managed by BRI as trust services (including security agents) (unaudited) amounted to Rp24. SUBSIDIARIES CORPORATE SOCIAL RESPONSIBILITY BRI 2011 BRI has (unaudited) 13 (thirteen) customers as of December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. In order to improve services to customers. KIK EBA. financial institutions. The operating license of BRI for trust services has been granted by the Ministry of Finance based on its Decision Letter No.653 and Rp14. whereby BRI acts as the Custodian Bank and has been developing “Unit Link” products which will be marketed through BRI Branch Offices which are appointed as the selling agents.327 as of December 31. 2010 and 2009 (Expressed in millions of Rupiah.

58 CORPORATE SOCIAL RESPONSIBILITY Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program .990.50 SUBSIDIARIES 7.836 12.899.303. 2010 and 2009. EARNINGS PER SHARE The following presents the reconciliation of factors in the computation of basic and diluted earnings per share (EPS): 2010 Weighted Average Number of Ordinary Shares Outstanding 11.467.143. 49.425 Earnings Per Share (Full Rupiah) 956. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.MSOP II .899 596. for the years ended December 31.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.302.323 62. Trust Operations (continued) To comply with Bapepam-LK Regulation No. 2006 on “Mutual Funds Selling Agent Behavior”.73 BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 145 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.416 12.472.420.MSOP I . Kep-11/BL/2006 dated August 30. 381 .160.620.MSOP III Diluted EPS per share 11.72 COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program .MSOP II .457 2009 Weighted Average Number of Ordinary Shares Outstanding 11. The total income from services as Mutual Funds Agent and Government Retail Bonds (unaudited) amounted to Rp1.991.673 and Rp2.841 70.385 11.308.385 154.502. unless otherwise stated) 48.355 72. OTHER DISCLOSURES (continued) d.288.687 48. the Selling Agent Services function previously performed by the custodian has been transferred to the Trust Operations.472.292 609.473 Earnings Per Share (Full Rupiah) 933.247.634. respectively.308.292 145.553.MSOP III Diluted EPS per share 7.MSOP I . 2010 and 2009 (Expressed in millions of Rupiah.

472.107.36 MANAGEMENT DISCUSSION AND ANALYSIS Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program . thus the earnings per share calculation is as follows : 2010 Weighted Average Number of Ordinary Shares Outstanding 23.308.385 CORPORATE GOVERNANCE 11. According to the agreement.240.494.MSOP III Diluted EPS per share 11.268.292 304.672 24.646 124.840.914 2009 Weighted Average Number of Ordinary Shares Outstanding 23. BRI has signed Stock Purchase Sale Settlement Agreement (Perjanjian Pengikatan Jual Beli/PPJB) with Agricultural Estate Pension Fund (Dapenbun) as the 95.79 CORPORATE SOCIAL RESPONSIBILITY Net Income Basic EPS per share Add: Assumed shares issued from exercise of Management Stock Ownership Program .982.577.292 291.96% stockholder of Bank Agro to acquire stock of Bank Agro amounting to Rp330. 2011.MSOP II . 2010.296 for 3.946 Earnings Per Share (Full Rupiah) 466.MSOP I .374 96.36 SUBSIDIARIES b) Acquisition of PT Bank Agroniaga Tbk (Bank Agro) On August 19.981.798. BRI will own at least 76% of the whole Dapenbun stock ownership.682 140.MSOP III Diluted EPS per share 7.MSOP II . COMPANY PROFILE PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.832 24. 2010 and 2009 (Expressed in millions of Rupiah. BRI has performed 10% down payment (to escrow account) while the remaining will be settled on the date of Acquisition Notarial Deed.030.934.75 7.607.005.385 309.850 Earnings Per Share (Full Rupiah) 478. 382 . FINANCIAL STATEMENTS FINANCIAL REPORT BRI 2011 146 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.MSOP I .472. 2010. on August 23.023 stock shares amounting to Rp109 (full amount) per share.308. 2011.605.FOREWORD These consolidated financial statements are originally issued in the Indonesian language.798 298. and the start of the official trading date with new nominal value or Rp250 (full amount) per share on January 11. BRI scheduled the last stock trading with old nominal value or Rp500 (full amount) per share in the Regular Market and Negotiation Market on January 10.710 145. SUBSEQUENT EVENTS AFTER BALANCE SHEET DATE a) Stock Split In accordance with the stock split conducted in the year 2011 (Note 1a).286. Had BRI changed the nominal value of the shares from Rp500 (full amount) to Rp250 (full amount) with retrospective impact.239. unless otherwise stated) 50.

2009. of Notary Rusnaldy. 383 . COMPLETION OF THE CONSOLIDATED FINANCIAL STATEMENTS The management of BRI is responsible for the preparation of these consolidated financial statements which were completed on March 29.68 dated December 29. 13/19/GBI/DPIP/Rahasia dated February 16. S.. 2011.FOREWORD These consolidated financial statements are originally issued in the Indonesian language. Notary Fathiah Helmi.14. 51.. unless otherwise stated) 50. SUBSEQUENT EVENTS AFTER BALANCE SHEET DATE (continued) b) Acquisition of PT Bank Agroniaga Tbk (Bank Agro) (continued) Based on Extraordinary Meeting of Shareholders according to Notarial Deed No.H. S. whereby BRI owns 88. Notary Fathiah Helmi.37 dated November 24. shareholders have agreed to the acquisition of Bank Agro. as stated in the Notarial Deed No. Besides that. Bank Indonesia has also granted approval through Letter No. This acquisition will be resolved on March 3. 2011 based on the Notarial Deed No. S.H. COMPANY PROFILE MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY SUBSIDIARIES BRI 2011 FINANCIAL REPORT FINANCIAL STATEMENTS 147 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. PT BANK RAKYAT INDONESIA (PERSERO) Tbk AND SUBSIDIARY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31.H. 2010 and 2009 (Expressed in millions of Rupiah. 2010.65% of the whole stock in Bank Agro. 2011.

.FINANCIAL STATEMENTS FINANCIAL REPORT CORPORATE SOCIAL RESPONSIBILITY CORPORATE GOVERNANCE MANAGEMENT DISCUSSION AND ANALYSIS COMPANY PROFILE FOREWORD BRI 2011 SUBSIDIARIES 384 This page is intentionally left blank ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

19 trillion” Cooperation between BRI and Lippo Karawaci on mortgage loan Cooperation between BRI and TNI AL (Indonesian Navy) on salary payment system Loan agreement between BRI and PT Pupuk Kaltim to build coal boiler BRI achievement as The Greatest Brand of Decade & The Rising Star in Banking Service Excellence Cooperation between BRI and leading franchise company BRI achievements as 2010 The Best Indonesian Bank BRI offer mortgage loan with low interest rate BRI lower its interest rate for loan BritAma as the most recommended saving product Consumer loan dominates BRI loan growth BRI serves all of banking needs of APMI BRI and PT Asuransi Jasindo develops the bancassurance BRI and BRI Pension Fund sue PT MPPC Loan agreement between BRI and Pertamina for Pertamina 2010 Capital Expenditure BRI commit in financing enviromental friendly of palm plantations BRI keeps improving its saving fund Once againt. BRI lower its interest rate for loan BRI serves its customer in Harco Mangga Dua BRI pay dividend of Rp1.7 trillion BRI Q2-2010 Financial Publication. “BRI earn Rp2.Press Release 2010 No.300 orphans BRI provides 2010 Ied Mubarak services ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.15 trillion of net profit” BRI domination on KUR disbursement Launching of BRIFAST Remittance Services for Indonesian Migrant Workers Cooperation between BRI and USAID on water supply financing BRI Annual General Meeting of Shareholders. 385 .32 trillion” BRI organizes the 2nd grand prize draw of BritAma Wind of Fortune Lucky Draw Cooperation between BRI and the Ministry of Manpower and Transmigration in launching customized KUR for Indonesia Migrant Workers Preparation for Ramadhan and Ied Mubarak: BRI increase the cash money supply The Increase of BRI Internet Banking usage during Ramadhan BRI goes to traditional market by optimizing Teras BRI BRI organizes a fasting break reception with 3.”BRI pay dividend of Rp2. “BRI booked profit of Rp4. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 DATE 14 January 2010 14 January 2010 16 January 2010 21 January 2010 17 February 2010 5 March 2010 13 April 2010 13 April 2010 26 April 2010 27 April 2010 30 April 2010 4 May 2020 15 May 2010 18 Mei 2010 20 May 2010 21 May 2010 26 May 2010 27 May 2010 31 May 2010 2 June 2010 3 June 2010 4 June 2010 7 June 2010 9 June 2010 14 June 2010 17 June 2010 17 June 2010 21 June 2010 23 June 2010 25 June 2010 30 June 2010 1 July 2010 14 July 2010 14 July 2010 18 July 2010 23 July 2010 23 July 2010 23 July 2010 26 July 2010 30 July 2010 31 July 2010 9 August 2010 10 August 2010 18 August 2010 23 August 2010 31 August 2010 3 September 2010 ACTIVITIES KUR Development in South Kalimantan Province KUR Development in East Kalimantan Province BRI organizes the 3rd grand prize draw of BritAma Wind of Fortune Lucky Draw BRI prevention to solve any crimes through ATM Cooperation between BRI and AXIS to provide reload service through ATM channel BRI Priority Banking in Makassar Cooperation between BRI and Garuda Indonesia Airlines Loan Agreement between BRI and PT KAI (Indonesia Railway Company) Launching of BRI Regional Office of Jayapura Cooking Experiences by BRI Priority Banking and BRI Credit Card BRI Q1-2010 Financial Publication.6 trillion BRI receives a Golden Award BRI organizes BRI Expo 2010 Launching of BRI Branch Office of Tangerang City 2010 Simpedes Folk Festival BRI KUR disbursement reach Rp16.

BRI prepare cash money supply of Rp8.782 BRI KUR customer has migrated to the commercial loan customer End of year holiday.66 trillion” BRI care for natural disaster victims 2010 Public Expose of BRI BRI and the Ministry of Forestry organize a fun bike program BRI 2010 Extraordinary General Meeting of Shareholders.5 trillion BRI pay interim dividend 386 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.No. “Approve the Acquisition of PT Bank Agroniaga Tbk. 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 DATE 5 September 2010 23 September 2010 28 September 2010 4 October 2010 8 October 2010 13 October 2010 13 October 2010 14 October 2010 19 October 2010 20 October 2010 28 October 2010 29 October 2010 9 November 2010 10 November 2010 14 November 2010 24 November 2010 9 December 2010 9 December 2010 15 December 2010 15 December 2010 21 December 2010 28 December 2010 29 December 2010 ACTIVITIES BRI organize Ied Mubarak Homecoming program for Kupedes and Simpedes customer BRI support Indonesia Open Karateka Championship 2010 President appreciates BRI for its roles in supporting national development BRI as the host of Specific Interest Group Forum (SIG) Launching of BRI Corporate Card Loan agreement between BRI and PT Telkom Cooperation between BRI and PT Pos Indonesia BRI achieves Consumer Banking Excellence Award 2010 KUR BRI disbursement reach Rp18. “BRI booked profit of Rp6. and Stock Split” BRI and Pertamina EP develop a vendor data providing system Cooperation between BRI and APMI President launch a customized product of KUR BRI for Indonesia Migrant Workers Cooperation between BRI and ASPARINDO in renovating traditional market 427.7 trillion Cooperation between BRI and POLRI (National Police) to provide a secure banking services BRI helps the victims of Merapi and Mentawai natural disaster BRI Q3-2010 Financial Publication. .

158-DIR/SKP/04/2010 B. 03-SKP/DHI/01/2010 B. 59-SKP/DHI/07/2010 B. BI: Bank have to makes compensation to customer losses Monthly report of the list of securities holders Disclosure on the news. 165-DIR/SKP/04/2010 B. 02-SKP/DHI/01/2010 B. 23-SKP/DHI/02/2010 B. 15-SKP/DHI/01/2010 B. 40-SKP/DHI/04/2010 B. “Acquisition Plan” Disclosure on the news in Bisnis Indonesia. 16-SKP/DHI/01/2010 B.Correspondence with Capital Market and Financial Institutions Supervisory Agency (BAPEPAM-LK) and Indonesia Stock Exchange (BEI) Month No 1 2 3 4 January 5 6 7 8 9 10 11 12 13 March 14 15 16 17 18 19 20 21 April 22 23 24 25 26 27 28 29 May 30 31 June 32 33 34 July 35 36 37 38 Ref Number No B. 351-DIR/SKP/07/2010 Date 5 January 2010 6 January 2010 7 January 2010 13 January 2010 13 January 2010 14 January 2010 19 January 2010 21 January 2010 22 January 2010 10 February 2010 22 February 2010 5 March 2010 11 March 2010 31 March 2010 31 March 2010 31 March 2010 31 March 2010 12 April 2010 13 April 2010 15 April 2010 15 April 2010 19 April 2010 19 April 2010 30 April 2010 30 April 2010 30 April 2010 30 April 2010 5 May 2010 12 May 2010 24 May 2010 24 May 2010 10 June 2010 14 July 2010 26 July 2010 30 July 2010 30 July 2010 30 July 2010 30 July 2010 To Bapepam-LK and BEI Bapepam-LK and BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK and BEI BEI Bapepam-LK BEI BEI BEI Bapepam-LK BEI BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK BEI Bapepam-LK BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK and BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK BEI Report Replacement of Corporate Secretary Proof of the media announcement of Corporate Secretary replacement Explanation on call option exercise of the 2004 BRI Rupiah Sub-ordinated Debt Proof of media announcement of exercise of the option to buy the 2004 BRI Rupiah Sub-ordinated Debt Monthly report of the list of securities holders Report of the use of IPO proceeds Disclosure on the news “Acquisition Plan” Disclosure on specified shareholders Disclosure on the news in Investor Daily. BRI will acquired 2 bank” Monthly report of the list of securities holders BRI Financial Statement Year 2009 Proof of the media announcement of BRI Financial Statement Year 2009 BRI Financial Report 31 December 2009 audited BRI Financial Report 31 December 2009 audited Annual General Meeting of Shareholders Agenda Monthly report of the list of securities holders Report of the use of IPO proceeds of BRI Rupiah Subordinated-Debt II 2009-March 2010 Report of the use of IPO proceeds Advertising Proof of the call of media announcement for Annual General Meeting of Shareholders Announcement of Annual General Meeting of Shareholders BRI Financial Statement 31 March 2010 BRI Financial Statement 31 March 2010 BRI Annual Report 2009 Proof of the media announcement of BRI Financial Statement Q1-2010 Call of BRI Annual General Meeting of Shareholders Monthly report of the list of securities holders Announcement of Schedule and method of dividend payment Report of General Meeting Shareholders and proof of the media announcement of the GMS resolution and schedule and method of dividends distribution Monthly report of the list of securities holders Monthly report of the list of securities holders The Composition of BOD and BOC of BRI Proof of the media announcement of BRI Financial Statement Q2-2010 BRI Q2 . 63-SKP/DHI/07/2010 B. 42-SKP/DHI/05/2010 B. 138-DIR/SKP/03/2010 B. 61-SKP/DHI/07/2010 B. 35-SKP/DHI/04/2010 B. 39-SKP/DHI/04/2010 B. 134-DIR/AMK/03/2010 B. 189-DIR/SKP/04/2010 B. 06-SKP/DHI/01/2010 B. 24-SKP/DHI/03/2010 B. 164-DIR/SKP/04/2010 B. 31-SKP/DHI/03/2010 B. 62-SKP/DHI/07/2010 B. 36-SKP/DHI/04/2010 B. 32-SKP/DHI/03/2010 B.”To expand the business. 387 . 52-SKP/DHI/05/2010 B. 26-SKP/DHI/03/2010 B. 13-SKP/DHI/01/2010 B.”piercing trough ATM card. 55-SKP/DHI/06/2010 B. 47-SKP?DHI/05/2010 B. 10-SKP/DHI/01/2010 B. 37-SKP/DHI/04/2010 B. 226-DIR/SKP/05/2010 B. 188-DIR/SKP/04/2010 B. 11-SKP/DHI/01/2010 B. 350-DIR/SKP/07/2010 B. 21-SKP/DHI/02/2010 B. 14-SKP/DHI/01/2010 B.2010 Financial Result BRI Financial Report 30 June 2010 BRI Financial Report 30 June 2010 February ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.

645-DIR/SKP/10/2010 B. shares between PT. and Plantation Pension Funds (Dapenbun) Disclosure on the news in Kontan and Bisnis Indonesia. 88-SKP/DHI/11/2010 B. 633-DIR/SKP/10/2010 B. 698-DIR/SKP/11/2010 B. 87-SKP/DHI/11/2010 B."BRI's plan to acquire Bukopin" Disclosure on specified shareholders Monthly report of the list of securities Disclosure on the news . and Plantation Pension Fund Confirmation on the news in Bisnis Indonesia. 77-SKP/DHI/10/2010 B. 81-SKP/DHI/10/2010 B. 71-SKP/DHI/08/2010 20 August 2010 BEI B. Bank Rakyat Indonesia (Persero) Tbk.Month No 39 40 Ref Number No B. 95-SKP/DHI/11/2010 B. 72-SKP/DHI/08/2010 20 August 2010 Bapepam-LK and BEI 43 44 September 45 46 47 48 49 October 50 51 52 53 54 55 56 57 58 59 November 60 61 62 63 64 December 65 66 B. and Kontan. 639/DIR/SKP/10/2010 B. 646-DIR/SKP/10/2010 B. shares acquisistion by PT Bank Rakyat Indonesia (Persero) Tbk. 78-SKP/DHI/10/2010 B. "BRI's plan to acquire Bukopin" Proof of media announcement about draft summary of PT Bank Agroniaga Tbk. 73-SKP/DHI/08/2010 B. Seputar Indonesia. 648-DIR/SKP/10/2010 B. 699-DIR/SKP/11/2010 B. shares betweenPT Bank Rakyat Indonesia (Persero) Tbk. "Accusation of PT Mulia Persada Pacific" Proof of media announcement of the signing of the Conditional Sales and Purchase Agreement of PT Bank Agroniaga Tbk. 666-DIR/SKP/11/2010 B. 74-SKP/DHI/08/2010 B. 89-SKP/DHI/11/2010 B. 76-SKP/DHI/09/2010 B. 98-SKP/DHI/12/2010 B. 84-SKP/DHI/11/2010 B. 647-DIR/SKP/10/2010 B. 66-SKP/DHI/08/2010 B. Monthly report of the list of securities Agenda of Extraordinary General Meeting of Shareholders BRI 2010 Announcement of Extraordinary General Meeting of Shareholders Announcement of Public Expose BRI Financial Report 30 September 2010 BRI Financial Report 30 September 2010 BRI Q3-2010 Financial Report Proof of media announcement of BRI Q3-2010 Financial Report Material for Public Expose Extraordinary General Meeting of Shareholders BRI 2010 Call of the Extraordinary General Meeting of Shareholders BRI 2010 Monthly report of the list of securities Report of Public Expose 2010 Report of Extraordinary General Meeting of Shareholders and Proof of the media announcement of the EGMs resolution Proof of media announcement of the schedule and method of Interim Dividend payment of the book year 2010 Interim Dividend of the book year 2010 Interim Dividend of the book year 2010 Monthly report of the list of securities Disclosure on specified shareholders 41 August 42 B. 602-DIR/SKP/10/2010 B. 94-SKP/DHI/11/2010 B. 100-SKP/DHI/12/2010 27 August 2010 27 August 2010 15 September 2010 5 October 2010 7 October 2010 13 October 2010 15 October 2010 25 October 2010 28 October 2010 29 October 2010 29 October 2010 29 October 2010 29 October 2010 5 November 2010 8 November 2010 9 November 2010 9 November 2010 12 November 2010 25 November 2010 30 November 2010 30 November 2010 30 November 2010 10 December 2010 28 December 2010 BEI Bapepam-LK BEI BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK and BEI BEI Bapepam-LK BEI BEI Bapepam-LK and BEI BEI Bapepam-LK Bapepam-LK and BEI BEI BEI Bapepam-LK and BEI Bapepam-LK and BEI BEI Bapepam-LK BEI Bapepam-LK 388 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. . 70-SKP/DHI/08/2010 Date 12 August 2010 19 August 2010 BEI BEI To Report Monthly report of the list of securities holders Disclosure on the Conditional Sales and Purchase Agreement of PT Bank Agroniaga Tbk.

PMR/10-2010 S-06561/BEI.PPJ/12-2010 December Peng-0622/BEI.Month January June No Ref Number No S-00029/BEI.PSH/12/2010 S-08083/BEI.PPU/05-2010 S-06179/BEI.SPR/12-2010 S-08129/BEI. 389 .PMR/10-2010 S-07652/BEI.PPJ/10-2010 Date 11 January 2010 2 June 2010 7 June 2010 13 October 2010 13 October 2010 26 October 2010 13 December 2010 13 December 2010 20 December 2010 21 December 2010 23 December 2010 BEI From Report Request for explanation of call option of Bond or Sukuk Participation on Annual Report Award 2009 Participation on Annual Report Award 2009 Reminder of Public Expose 2010 Invitation to participating in Capital Market Expo Invitation for Technical Meeting of Investor Summit and Capital Market Expo 2010 IDX Customer Satisfaction Survey Reduction of IDX annual listing fee Re-announcement regarding the payment schedule of BRI dividend share Ceremony of the last trading day in 2010 and the first trading day in 2011 Gratitution Bapepam-LK BEI BEI BEI BEI BEI BEI BEI BEI BEI October S-06126/BEI.PMR/12-2010 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.PPS/01-2010 S21-ARA/V/2010 S-03296/BEI.SPI/12-2010 S-07741/BEI.

SIBOLGA 3. Pangnanggroe No. 22601 (0651) 32007 (0651) 33913 (0651) 33912 (0641) 21033 (0641) 333365 FACSIMILE (0651)-23487. Takengon . Iskandar Muda No. 7410714. Madjid Ibrahim Jl. 17 Banda Aceh Jl. 22044 (0629) 21031 (0642) 21776 (0656) 21613 (0658) 21402 (0659) 91127 (061) 45256666. Tapanuli Utara KW KANINS KC KCP : Regional Office : Regional Audit Office : Branch Office : Sub-Branch Office 390 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.1-2 Biruen Jl. 4 Lhoksukon Aceh Utara Jl. Idi Rayeuk.Dasar I dan II. Kapten Pattimura No. 32929. BANDA ACEH 1 2 3 4 Sabang Lampriet Peunayong Simpang Surabaya (Dr Mohd Hasan) TYPE OF OUTLET KW KC KCP KCP KCP KCP KC KCP BRAND CODE 0255 0037 0631 1052 2056 2057 0042 0657 ADDRESS Jl Cut Meutia No 17 Banda Aceh Gedung BRI Lt. Sri Ratu Safiatuddin Eks Kutaraja Tailor. 21569 (0633) 41566 (0646) 21231 (0645) 40214 (0645) 32227 (0653) 21306 (0643) 21119 (0643) 7425 472 (0655) 7551010 (0644) 22040 (0629) 21170 (0642) 21776 (0656) 21088 (0658) 21401 (0659) 91070 (061) 4525601 (061) 4536082 (061) 4532170 (0631) 23749 (0633) 21985 (0633) 41666 3. Medan Jl.2A. Gayo Lues Jl Nyak Adam Kamil No.Iskandar Muda No. Daud Beureuh no 143.BRI Networks & Address OUTLET BANDA ACEH 1. SIGLI 5. 4536081 (061) 4576686. 23577. Sabang Jl Tgk. Tarutung Jl. TAPAKTUAN 1 Singkil 10. Mohd Hasan Kp. 4526555 (0631) 21163. LHOKSEUMAWE 1 4. HIJAU 2. Blang Pidie Jl. Kec. Singkil Jl. Putri Hijau No. Blang Senlang. Prof A. LANGSA 1 Kuala Simpang 2 Idie Rayeuk KCP KC KCP KC KC KCP KC KC KC KCP KC KCP KC KW KANINS KC KC KC KCP 1069 0043 690 0087 0145 2035 0178 0234 0263 0691 0264 0632 0265 0404 (0646) 21229 (0645) 41905 (0645) 32224.99. Bukit Kab. Bener Meriah Jl. Lhokseumawe Jln. Merdeka No. Sukadamai. Lampriet Jl. Medan TELEPHONE (0651) 22822 (hunting) (0651) 22900 (hunting). 70 A-B Meulaboh Jl Kol. Medan Jl. Tanah Anou. Perdagangan No. Banda Aceh Jl. Husen Yoesof I No. . BLANGPIDIE MEDAN MEDAN 1. Blangkejeren.Kutacane No. Kutacane Jl Blangkejeren .14. 13 Rimo. Kab.164. 22352 (0651) 31190 (0652) 22603 (0651) 32008 (0651) 33913 (0651) 33912 (0641) 21364 (0641) 333367 2. 4528323 (061) 4536080. Yos Sudarso No. Kec.Sisingamangaraja No.Pondok Baru. Ds. Jl. Kec. Takengon Jl. BIREUEN 8. 32225 (0653) 21306 (0643) 21294 (0643) 7425470 (0655) 7551961 (0644) 21126. Kab. Darussalam No.100. Cut Meutia No. Aceh Timur Jl. Gajah Mada No. 3. Persada Desa keude Siblah. 123. Gunung meria. Iskandar muda No. TARUTUNG 1 Siborong-borong 0053 0085 0099 1095 Jl.1. 97. MEDAN P.Aceh Tamiang Jl Banda Aceh-Medan no 6 dan 7. Dr. Tugu Siborong-borong. MEULABOH 7. Putri Hijau No. TAKENGON 1 Bener Meriah Lhoksukon 6. 2. Sibolga Jl. Langsa Jl. 42 Jln. Medan Barat. 32587 (0652) 22604.4-5 Kuala Simpang Kab. Banda Aceh Jl. 33869. 22813 (0633) 21445. Brigjen Katamso No. KUTACANE 1 Blangkejeren 9.1.

Kota Pinang. Rantau Prapat Jl. Sutomo No. 6. Pangururan. Pahlawan No. 325555 (0624) 92319 (0624) 95339 (061) 8821503. 23909 (0622) 96166 (0622) 22334 (0634) 21122. Tanjung Balai Jl. Merdeka No. Serdang Bedagai Jl. 21845. TEBING TINGGI KC 0283 (0621) 21182. Pematang Siantar Jl. Langkat Jl. Jendral Sudirman No. 322181 (0626) 20886 (0632) 21085 1 Pangururan KCP 2082 (0626) 20887 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kab. Balige. LUBUK PAKAM 1 Tanjung Morawa 2 Perbaungan KCP 1090 (061) 79991963 (061) 7991963 13. 128.252. 86. 21850 (0621) 22024 1 Sei Rempah KCP 0665 (0621) 442086 (0621) 442087 14. 22792 (0624) 21441/43. Nias Selatan Jl. Binjai Jl. Sisingamangaraja No. 8823220 (061) 8441781 (061) 8961254 (061) 7952089 (061) 7943917 (0628) 22141 (0628) 91474 (0623) 92446 (0639) 51032 (0630) 7321203 (0627) 21782 (0624) 21222 (0624) 92319 (0624) 95349 (061) 8824997 (061) 8441784 (061) 8961354 (061) 7951227 (061) 7943910 7. Ki Hajar Dewantara Lingkungan IV Desa Padang Luar. Teluk Dalam. Kota Pinang Kec. PADANG SIDEMPUAN 1 Penyabungan 2 Sibuhuan KCP 1097 (0636) 421729 (0636) 421729 6. Kab. Serdang/Perintis Kemerdekaan No.1-3. Dr. Negara No. Perdagangan Jl. Humbang Hasundutan Jl. 100.34 Perbaungan. Kabanjahe Jl. 2. 22783 (0630) 7321223 (0627) 21087. Dairi Jl. Jend.5 Diski Sei Semayang. Veteran No. 97718 (0639) 21158. Binjai Jl. Sidikalang. Veteran No. 21302 (0628) 91812. Sutomo . 173.1. Kec. Brastagi Jl. Kab. 91232 (0623) 92065. Sutomo No. Labuhanbatu Selatan Jl. Tanjung Pura. Kab. SIDIKALANG 10. Barumun. Aek Kanopan Jl. Gomo No.Merdeka 5. Lubuk Pakam Jl.100. 21032. Uskup Sugiyopranoto.45. Penyabungan Jl. BALIGE KC 0314 (0632) 21365. Padang Lawas Jl.OUTLET 2 Dolok Sanggul TYPE OF OUTLET KCP KC KCP KCP KC KCP BRAND CODE 1096 0113 0636 2084 0135 0637 ADDRESS Jl. Wilem Iskandar No. Kec.3. Serma Lion Kosong No. PEMATANGSIANTAR 1 2 Perdagangan Dr. Sudirman No. Sumatera Utara TELEPHONE (0633) 31866 (0622) 21447. TANJUNG BALAI 8. Pemuda No. Padang Sidimpuan Utara Jl. 21048. Kab. Labuhan No. GUNUNG SITOLI 1 Teluk Dalam 9. Gunung Sitoli. 21325 (0636) 321054 FACSIMILE (0633) 31486 (0622) 23419 (0622) 96166 (0622) 22334 (0634) 21905 (0636) 321054 4. BINJAI 1 2 Diski Tanjungpura Aek Kanopan Kota Pinang KCP KCP KC KCP 12. 188. Balige. Sutomo No. Sudirman No. 21361. Yos Sudarso. Merdeka Dolok Sanggul Kab.36. 322180.296. Pematangsiantar Jl.Sisingamangaraja No.47.58 Tanjung Morawa. Toba Samosir Simpang Tiga Jl.4-5 Kel. Binjai Medan KM 13. KABANJAHE 1 Brastagi KC KCP KC KC KCP KC KC KCP KCP KC 0144 0634 0154 0176 2036 0194 0228 0639 2062 0238 1154 1093 0266 1089 (0628) 20420. 8821082. Jend. Samosir.24B. 391 . Deli Serdang Jl. RANTAU PRAPAT 1 2 11. Kec. Tebing Tinggi Pusat Perniagaan & Perumahan Asia Bisnis Centre Jl Raya Medan KM 60 Sei Rempah Jl. Sisingamaraja No. 21560. Nias Jl.

778910 (0751) 7054995 / (Sementara) (0751) 72653 1. Padang/ Jl. 241. 4576435 (061) 7881111 (hunting) (061) 4516474 (061) 7332316 (061) 4575740 (061) 7880681 (061) 7322641 (061) 8447451 (061) 8442091 (061) 8448002 (061) 4570580 (061) 8226575. Air Putih. 284. Medan Jl Gajah Mada No. Medan Jl Pusat Pasar No.01.3. Komp. Medan Jl G. 30 Padang / (Sementara) Jl. Millenium Square No. MEDAN GATOT SUBROTO 1 2 3 4 Kapten Muslim Sunggal Gajahmada Medan Setiabudi Medan 19. Kec. A.7.A . MEDAN SISINGAMANGARAJA 1 2 3 4 5 Medan Mall Aksara Multatuli Medan Katamso Sukaramai 18. Yos Sudarso No. Iskandar Muda No. Dr. 8215262 (061) 6614585 (061) 8912690/91 (061) 7346777. Sei Batanghari No. Medan Timur. Padang Gdg Kanins Padang Jl Khatib Sulaiman No. Kartini No. Jend.12 D. 7343555 (061) 6614391.200. Kec Medan Belawan. Lugur. Padang / (Sementara) Jl. Pauh Padang Jl. STABAT 21 MEDAN ASIA 1 2 3 4 5 6 Pulau Brayan Krakatau Tembung Kesawan W. Kec.26 B-C. 445964 (0751) 31727 (0751) 446308 392 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Medan Jl. Stabat Jl. Komp. 154. Wahidin No. Pauh Padang. Yani No. 103. Moh.05.31. Padang TELEPHONE (0623) 41475/76 (0622) 632836 (061) 4553100. ISKANDAR MUDA 20. Dr. Iskandar No. A.12.299 Indrapura. Bgd. 7052528 / (Sementara) (0751) 71045. 30. Setiabudi Point. Aziz Chan No. W. Medan Jl Perniagaan no. Medan Jl Setia Budi No.520. Hatta No. Moh. KISARAN 1 Indrapura TYPE OF OUTLET KC KCP KC KC KCP KCP KCP KCP KCP KC KCP KCP KCP KCP KC KC KC KCP KCP KCP KCP KCP KCP BRAND CODE 0323 1094 0336 0367 0692 0693 1084 1085 1086 0404 0635 0695 1087 1088 1542 0638 0633 0658 0694 1092 1083 2083 1091 ADDRESS Jl. Medan Jl. K.2. 31970. Medan Jl. Kisaran Jl. Kapten Muslim. Batubara Jl.L Yos Sudarso No. Sisingamangaraja No. Jendral Sudirman No. 10. 4550172 (061) 4550071 (061) 6942928 (0751) 31964-68. Medan Jl. Dr.2A. Tembung Pajak Gambir No. Medan Jl Brigjen Katamso No. PADANG 1 Khatib Sulaeman KC KCP 0058 0669 Jl. 31970 / (Sementara) (0751) 778907 FACSIMILE (0623) 43335 (0622) 362840 (061) 4513733 (061) 7868333 (061) 4573048 (061) 4573048 (061) 4575431 (061) 7880681 (061) 7322641 (061) 8447452 (061) 8445372 (061) 8448002 (061) 4570544 (061) 8226575 (061) 6614585 (061) 8912721 (061) 7368683 (061) 6641656 (061) 6612067 (061) 7385068 (061) 4550134 (061) 4557306 (021) 6942938 16. Kec. 66445656 (061) 6612067 (061) 7384390 (061) 4550166.OUTLET 15.179 Medan Jl Gatot Subroto. 18 / 173. Khatib Sulaiman No. Iskandar Belawan PADANG KW 0205 (0751) 778905 PADANG KANINS (0751) 7052111. 50 (0751) 38755 (0751) 446308. Medan Jl. Medan Jl Raya Pelabuhan No. Medan Jl. Medan Barat. Krakatau 146.B Medan Jl.01. Multatuli Raya Blok FF No. 124. W. Asia No. Tembung Jl. 118.A Medan Jl Arief Rahman Hakim No. .15H. Medan Jl Bagindo Azis Chan No. ISKANDAR 17.104. Medan Jl. Rahman Hakim No. Medan Jl. Hatta No.

Sungai Penuh Jl. PAYAKUMBUH 7. 20436. Oku Timur Jl. 22112. Painan. Jambi Jl. Kapten A. 484658 (0752) 72855 (0752) 92145 (0753) 20435. By Pass Pasar Aur Kuning Bukittinggi Jl. 321460/61. 323706 (0753) 65786/87 FACSIMILE (0751) 32034 (0752) 34746 (0752) 627580 (0752) 877680 (0755) 21360 (0755)583442 (0752) 83888. 30. 324531. Palembang Jl. 82239 (0752) 71051. Lahat Jl. Yamin No. 574722 (0752) 92120. Rivai No. Lintas Timur Desa Tugumulyo. Okan Komering Ilir Jl. 41. Parman No. Marzuki Jahri I/45. Palembang TELEPHONE (0751) 30047 (0752) 624777. 22689. Jend. Jend. Raya Lintas Sumatera Simpang IV. Abujani No. 321462 (0712) 321410. Kol.1. 21319. Ruslan I/1. Kayu Agung Jl. Sangir. 22105 (0754) 20203. Imam Bonjol. 48 . LUBUK SIKAPING 8. 310178 (0735) 322145. 25B. 20276. Talang Jauh. 20143 (0751) 93025/6. Hayam Wuruk No. Diponegoro Hilir Simpang 3 Lubuk Basung Jl. Pesisir Selatan Jl. LAHAT Tugumulyo 1 Tebing Tinggi KCP 2076 (0702) 21667 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.3. 367755 (0711) 310173. 23002 (0755) 583441 (0752) 83257/8/9. Panjang Jl S. 42. Jend. Sudirman No.15.15. 324530. Kec. 20023. Gani. KAYU AGUNG 1 4. 91025 (0748) 323565. Koto Baru. SOLOK 1 Sangir Aur Kuning Bukittinggi Lubung Basung KCP KC KC KC KC KC KC KC KC 4. BATUSANGKAR 6. 73968. Batusangkar Jl. 624778. Sudirman No. 92065. Kec. Raya Padang Aro Sei Penuh. 21. Tebing Tinggi. Padang Barat Jl. 669936 (0741) 7554288 (0712) 321005. Jend Sudirman No. 3. Sumatera Selatan 3. Jambi Jl. Prof M. BATURAJA 1 2. Sudirman No.10 Kel. Muaro Sijunjung Jl.OUTLET 2 Pondok TYPE OF OUTLET KCP KC KCP KCP KC BRAND CODE 2027 0015 0617 0667 0091 2043 0231 0169 0256 0269 0270 0271 0321 0117 ADDRESS Jl. 624776 (0752) 626007 (0752) 877681 (0755) 21369/70. JAMBI 1 2 Abunjani Sipin Jelutung Gumawang KC KW KANINS KC KCP KC KCP KCP KC KCP KC 0616 0200 (0754) 71675/76 (0711) 313411. Rivai No. Empat lawang. Lintas Sumatera. Dr. P.10 Rt. 31035 (0741) 669830. Sijunjung Jl. H. Kec. Lb.Agus Salim No. 91587. SIJUNJUNG 10 PARIAMAN 11. Pariaman Jl. Payakumbuh Jl. A. Belitang Kab. DHARMASRAYA PALEMBANG PALEMBANG 1. 322056. May. 91103. 93934. Jelutung. 21212. Kab. 45. 95812 (0753) 321210. PADANG PANJANG 5. 22104. Kapten A. 6. Jend Sudirman No. Tanjung Beringin. Raya Simpang Empat Manggopoh. 393 . Soetomo No. Yani No. 31213/7. PAINAN 9. jambi Jl. 73733/4. Sipin. Let. Solok Selatan Jl. Desa Gumawang Kec. 92556. 20065 (0756) 21221. SUNGAI PENUH 12. 321411 (0731) 321355. 20160.321164 (0756) 21012 (0754) 20033 (0751) 91365 (0748) 323489 2. Kec. Solok Jl. SIMPANG EMPAT KC 0615 (0753) 65785 13. 71380. 21917. Sikaping Jl. Merdeka No. Sumatera Barat 26366 Jl. 71011. 323225 (0702) 21664 (0754) 71670 (0711) 312262 (0711) 312343 (0735) 322150 (0735) 452364 (0741) 25625 (0741) 669830 (0741) 7554288 (0712) 321005 (0712) 321410 (0731) 323368 0008 0697 0020 0606 1003 0030 2088 0040 Jl Akmal No 116 Baturaja Jl AK. Pasaman. Kel. Bukittinggi Jl. 220. 21903. 320007 (0735) 452363 (0741) 31007. BUKITTINGGI 1 2 3. Pasaman Barat. 83260/1.

1. Sribhawono-Panjang.660183 (0719) 23358. Dsn Arabi Rt. Lintas Tanjung Enim Batu Raja Jl. Semangka No.008. Jend. Jend. Jend Sudirman 215. 23447. Lampung Timur. PANGKAL PINANG 1 Toboali 2 Muntok KCP KC KCP KCP KCP KC 2090 0098 0660 2092 2077 0108 2146 0115 0698 0128 1102 0129 0130 1072 0131 2093 0138 0150 0155 0603 1002 (0716) 21127. Bandar Lampung Jl. 91484. Sudirman No. 22981. 51. Belitung Timur JL Kombes H. PALEMBANG RIVA’I 1 2 Sudirman Simpang Patal TYPE OF OUTLET KC KCP KCP BRAND CODE 0059 0602 1001 ADDRESS Jl. MANNA 16. Tanjung Pandan Jl. Curup Jl. Sudirman 25 A Liwa Lampung Barat Jl. CURUP 1 Kepahiang Pasar Natar Tanjung Agung Kedaton KCP KC KCP KC KCP KC KC KCP KC KCP KC KC KC KCP KCP 9. Kec. 622451 (0739) 22764. 262994 (0721) 92734.138 Natar Lampung Selatan Jl. 269880. TANJUNG PANDAN 1 Manggar 14. Jl. 364081 (0711) 376861. TANJUNG KARANG 1 2 3 8. 323447 (0725) 42634/5/7. 22919. 323256. Santosa Pasar Kepahiang Jl.8 Ilir. Palembang Jl. 49. Bengkulu Jl. Jend Sudirman No. Manna Jl.OUTLET 5. Manggar. Poros Ds. 20.63C. 21013/14 (0719) 92107 (0730) 621451. Kel. 22380 (0721) 269881. 21176. 422640 (0734) 453764 (0733) 323254. Muara Enim Jl.6-B Rt. Kel. 376862 (0711) 821774 FACSIMILE (0711) 312271 (0711) 376861 (0711) 821774 3 Pasar 16 Ilir KCP KC KCP 2089 0063 2091 (0711) 354906 (0717) 423991. 22827. 324950 (0732) 391000 (0736) 22762. Sudirman No. Kapten A. PAGAR ALAM 15. Rawajitu Selatan TELEPHONE (0711) 320071. Jend. 21715. Umar No.11. Kotabumi Pasar Liwa. 432771/3. BENGKULU 1 Raflesia 10 MUARA ENIM 1 Tanjung Enim 11. Panorama. Metro Jl.15. Kab. Kumala Jaya. S. Bandar Lampung Jl. Pangeran Antasari No. 260000.Raya Natar Merak Batam No. Yos Sudarso No. 21370.92. Bangka Belitung Jl. 91979 (0721) 7622593 (0721) 784469 (0732) 21362/3. Jend Sudirman No. Soekamto No. IT-I. 12-A. Keb. 264961. Jend Sudirmana. R. 126 Pagaralam Jl. 7406447. 26050 (0736) 348688 (0734) 422020/1.88. 25235 (0728) 21600 (0726) 7753148 (0716) 21127 (0721) 262927 (0721) 92735 (0721) 7622547 (0721) 770853 (0732) 21618 (0732) 392505 (0736) 20087 (0736) 37533 (0747) 431824 (0734) 452369 (0733) 323315 (0725) 42636 (0725) 660167 (0719) 21560 (0719) 92107 (0730) 621055 (0739) 21148 (0724) 22030 (0728) 21230 (0726) 7753148 7. 34199 Jl. 431132 (0718) 41486.26. Sayangan No.577. Diponegoro No. LUBUK LINGGAU 12. Rivai No.020 Rw.60-61. 21041. Lubuk Linggau Jl.45. 21148. Ds. Palembang Jl. METRO 1 Sribawono 13. Bangka Barat. 120. 21111 (0724) 21335. . Muntok. Jend. 7400320. 42062 (0711) 356125 (0717) 431702 (0718) 41486 6. Bengkulu Jl. Teuku umar No. Raden Intan No. Palembang Jl. Pangkal Pinang Jl.15/18. 41630 (0725) 660163. Kec. Tanjung Karang Jl. Parman No. Ilir Timur II. Palembang Jl. Merdeka No. KOTA BUMI 1 3 Liwa Lampung Barat Rawajitu 394 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 24582. Merdeka No. Bangka Belitung Jl.4. 431169. 16 Ilir. 432780.50. Yos Sudarso No. Sudirman No. Bangka Selatan. Toboali.

No. 321091. Tanjungkarang Pusat Bandarlampung Jl Indra Bangsawan. BANGKO 22. Banyuasin III Kab. Kota Agung. 21320. Sudirman 91. Muko-muko Jl.1. Pringsewu Jl. Kenanga. Tulang Bawang 27. Sungailiat Jl. Letnan Munandar No. Jend. 21326. A. Malahayati No. Kab. Suraiman Kuto Panji Belinyu Pulau Bangka TELEPHONE (0747) 21018. 91866 (0745) 91904 30 TULANG BAWANG KC 0605 (0726) 750319. Kel Sungai Lilin Jl. 750399 (0726) 750738 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Ds. Sudirman No. Sudirman No. 21825 (0747) 431825/6 (0714) 321029. KUALA TUNGKAL 20 PRABUMULIH 21. 472222 (0711) 891698 19. Jend. 521007. Kec. Muara Bungo Jl. RT 03/ RW. Yani No. Lampung Selatan Jl. Tanggamus Jl. SUNGAI LIAT 1 Belinyu 26. Kec Kalianda. 21246/7 (0722) 22085 (0727) 322313 (0743) 21321 (0737) 521038 (0737) 71619 (0717) 92921 (0715) 321846 (0711) 379967 (0711) 716789 (0711) 310120 (0725) 25660 (0729) 21245 (0722) 21088 23. 6. 88 Kel. Ilir Timur II Palembang Jl Veteran. Kelurahan 20 Ilir Kec. Dwiwarga Tunggal Jaya. 4 Kuala Tungkal Jl. Sudirman No. Kec Sarolangun. 94666. 321233. 397. 006. Kel. Banjar Agung. SAROLANGUN KC 0604 (0745) 91909. Ilir Timur I. 21320. 322693. Kab. Pasar Madang. Sungai Buah. Laks. Kec. SEKAYU 1 Sungai Lilin 2 Pangkalan Balai KCP 1100 (0711) 891091 (0742) 21080.03 Kel Ps Sarolangun.78. 150. Desa Bandarratu. MUARA BULIAN 24. 322730 FACSIMILE (0743) 21321 (0747) 431824 (0714) 321632 (0714) 322171 18. 92408 (0715) 321849 (0711) 379969. Raya Palembang Betung No. 073 KM 111. 320423 (0711) 710546 (0711) 35357 (0725) 25354/6/7/5 (0729) 21132. Anggrek No. Kab Sarolangun Jl. Kec. Kel. 320627. 495. 21825 (0737) 521505. Prabumulih Jl Bangko Rendah No 3 Bangko Jl. Argamakmur Jl. A. PALEMBANG SRIWIJAYA 1 2 Lemabang Veteran 0342 1103 1104 0357 0358 2119 Jl Letkol iskandar No. 521028 (0737) 71618/9 (0717) 92027/8.16. 322694 (0713) 323700. Bulian Jl.OUTLET 17. Palembang Jl. Jend. MUARA BUNGO 1 Ps Sarinah-Rimbo Bujang TYPE OF OUTLET KC KCP KC KCP BRAND CODE 0160 0607 0164 0670 ADDRESS Jl. 322376/7 (0721) 471425. Muara Bungo Pasar Sarinah Rimbo Bujang. PRINGSEWU 1 Kota Agung 29. Banyuasin Jl KH Dewantoro No. Teluk Betung Jl Jendral Sudirman No. Lintas Sumatera. 54 . Kel Urang. 320334. BANDARJAYA 28. 395 . Lintas Mukomuko-Padang. Kelurahan Pangkalan Balai. Komplek Pasar Baru. Jend. Sekayu Jl Raya Palembang Jambi No. Bandar Jaya Lampung Tengah Jl. 261500. TELUK BETUNG KC KC KC KC 0179 0184 0275 0285 (0742) 21778 (0713) 320848 (0746) 21007 (0721) 486258 1 Jendral Sudirman KCP 0699 (0727) 259358 (0727) 265404 2 Kalianda KCP KC KC KCP KC KCP KC KCP KCP KC KC KCP 0503 0315 0318 1101 0324 (0727) 323124 (0743) 21018. Kab. 21076. Enggal Kec. M. 27 Palembang Jl RE Martadinata. 21076. 323120 (0714) 322769. Proklamator Raya 1. ARGA MAKMUR 1 Muko-muko 25. Lintas Timur Unit II. 320126 (0746) 21005/8. 22721.

Kab. 20905 (0763) 33871 8. 31461. Jend Sudirman Blok E Kavling No. 21703. DUMAI 4. P. PEKANBARU 1 2 3 Senapelan Panam Simpang Tiga KC KCP KCP KCP KC KCP 0170 1098 2087 2115 0268 0620 (0761) 37771.Jend. Riau No. Dalam.Subrata Pekanbaru Jl. Simpang Tiga. Rengat Jl. A No. St.171 E-F Jl Jend Sudirman No 61 Bangkinang Jl. 91191 (0762) 91191 3.14-15. Bukit Raya. 595919 (0761)598400. BAGANSIAPIAPI 1 5. 22526. Pekanbaru Jl. 21812. 38395 (0761) 27645 (0761)588466 (0761) 73523. 40.316. Batu Aji. 21042. Dumai Jl. 327267 (0778) 462368. Jend.01. Letda M. Bagansiapi-api 28911 Jl. Sudirman No. TEMBILAHAN 9. Pramuka No.8/9/10. Syarif Kasim No. DI Panjaitan KM. Rt. 313860 (0771) 7447248 (0778) 458788. Kel. RENGAT 10. 458975. Sudirman No. 458778. Batam Komplek Penuin Centre Blok R/03 Kota Batam Jl Imam Munandar no. Jend. 29. Kec. 32243. 21638. 21918. BENGKALIS 1 Siak 7. 42. 23810. 43. 31733. Imam Bonjol Blk. BATAM 1 2 3 4 Tanjung Balai Karimun Batam Centre Aviari Baloi Center 12. 21192 (0765) 551897 (0765) 94340. Teuku Umar No. Nagoya. Teluk Kuantan TELEPHONE FACSIMILE PEKANBARU (0761) 44493/94/97 (0761) 33444.38 Ujung Batu. 34777 (0767) 21311.H. Rambah. 313850 (0771) 7447246 (0778) 456417 (0777) 327421 (0778) 462368 (0778) 371373 (0778) 422874 (0760) 20901. 09 Nomor 12 Jl.15. 21329. Rokan Hulu Jl. Rw. 31090 (0771) 21077. Raya Tengku Tambusai Desa Pematang Berangan Kec. TANJUNG PINANG 1 Bintan Center KC KC KC KCP KC KCP KCP KCP KCP KC 0175 0284 0174 2147 0331 0618 0621 0659 2117 0668 (0768) 21707 (0769) 21368 (0771) 21076. Kel. Sudirman No. 571719 1. Kec. 20286. Merdeka No. 33643. 20904. 32244 (0762) 62129/39 (0761) 44533. Tandun. MT Haryono No. 31866 (0768) 21128.79. 462400 (0778) 371372. 459988 (0777) 327420.01.392 A. Boya No. 28998 (0761) 27629 (0761)588466 (0761) 73524 (0762) 21377 (0762) 62209 2. 458973.2 No. SELAT PANJANG KC 0171 (0763) 31131/36. Pekanbaru Jl. Sudirman (depan Ktr Camat Mandau) Duri Jl. 598755 (0766) 22088. Kp. Tanjung Balai Karimun Jl. Ujung Batu. Jend Sudirman No. 18. 20042.R. 37877. Bengkalis Jl DR Sutomo. BANGKINANG 1 Ujung Batu 2 Pasir Pangarayan KCP 1099 (0762) 91662 . 20902 11. Engku Putri No. Tembilahan Jl. Rokan Hulu Jl. Pekanbaru Jl.3 Batam Center Batam Komplek Pertokoan Muka Kuning Indah II Blok B.18.01. 73524 (0762) 20423. Jend. 371370 (0778) 422893 (0760) 21000. 33511. 32526 (0769) 21394. 21087 (0764) 20531/32 (0765) 35480 (0767) 21960 (0765) 551901 (0765) 91160 (0761)598400 (0766) 22459 (0764) 20533 6. Tanjung Pinang Jl.OUTLET TYPE OF OUTLET KW BRAND CODE 0855 ADDRESS Jl. TELUK KUANTAN 396 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Siak Pusat Perniagaan & Perumahan Asia Bisnis Centre Jl Raya Medan KM 60 Sei Rempah Jl. Kab. Sudirman Kandiv Simpang Libo Jl. Batam Jl. 20903. Bagan Batu Jl. 27632. . DURI 1 Simpang Libo Bagan Batu KC KC KCP KC KCP KC KCP 0159 0002 0619 0560 2026 0189 1190 (0765) 33040.4A. Kharudin Nasution No.

Mangga Besar No. Blok B No. 7052744 (0761) 862355 (021) 3840802 (021) 2800261. Taman Sari. 6248038 (021) 63850211 (021) 3143061.12 Kel. Pertokoan Glodok Plaza No. 3904609/11 (021) 8370337 (021) 3100156 (021) 83703622 2 Pramuka KCP 1123 (021) 8517931 (021) 8517948 3 BPKP KCP 1148 (021) 8564002/3 (021) 8199196 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.92. Jl.138. 6253277. Dr. IMAM MUNANDAR JAKARTA I JAKARTA I 1. Kec. Pekanbaru Jl Veteran No. JAKARTA HAYAM WURUK 1 Mangga Besar 2 Lokasari Plaza KCP 2038 (021) 6010213 (021) 6010213 3 4 Glodok Gajah Mada KCP KCP KC KCP KCP 0526 2004 0230 0502 1121 (021) 6248037. Jakarta Barat (Taman Hiburan Rakyat) Komp. JAKARTA KRAMAT 1 Manggarai KC KCP 0335 1125 (021) 3100152/3/4/5. Palmeriam.Pinangsia Raya. 135.108. Jakarta 11110 Jl Gajah Mada no 16A. PANGKALAN KERINCI 15.18.087-088. Senen Raya No. JAKARTA SGT SENEN KC 0361 (021) 3507966/7 (021) 3852328 5.05. Jakpus Jl. Imam Munandar No. Jakarta pusat Jl.Cut Mutiah No. Tuanku Tambusai No. KH Fachrudin 36. 3154812 (021) 6248036 (021) 63850213 (021) 3106552 (021) 3915343 (021) 3154812 3. Jl. Jakarta Timur TELEPHONE (0761) 64799 (0761) 46028 (0761) 494624 (0761) 91415. 3142752 (021) 3915344 (021) 3151425. Fachruddin.99 D dan E. 58 R Jak Pusat Plaza Menteng.72. Kec Gombir. Jakarta Barat Lokasari Plaza Blok B No.79. Kec. 2 Pertokoan Tn. Kab. Veteran No. Kec. 6496935 (021) 62202770. 3154910.10-B1. Pramuka Raya No. PERAWANG 16.Jl Pramuka No 33. Ahmad Yani. Hayam Wuruk No. Kec Tualang Perawang Jl. TUANKU TAMBUSAI 1 Ahmad Yani TYPE OF OUTLET KC KCP KC KC KC KW KANINS KC KCP KCP KCP BRAND CODE 0696 2116 0622 0666 1079 0199 ADDRESS Jl. 397 . Pekanbaru Jl Lintas Timur. Riau Jl. 8-910 Pekanbaru. 8 Jakarta Pusat Jl. Jakpus Jl. Jakarta Timur Ged Pusat Pembinaan Fungsional Auditor.B-18 Jl. 68. 6253820 (021) 23571002 (021) 6252217 (021) 6253820 2. Jakarta Selatan Jl. Menteng Atas. Jakarta Pusat. Matraman. Kramat Raya No. Dasar Suite G. Jakarta Pusat Jl. Otista Raya No. Pangkalan Kerinci.81. JAKARTA CUT MUTIAH 1 2 Cikini Menteng 4. Setiabudi.OUTLET 13. Abang Blok A/21. Taman Sari. JAKARTA TANAH ABANG 1 2 3 Tanah Abang Abdul Muis Tomang 0018 0532 0504 1119 Jl Tanah Abang III/4 Jakarta Pusat Jl. Jl HOS Cokroaminoto Bo. 6253277. JAKARTA Timur 4 Pasar Blok A Tanah Abang KCP KC KCP 2006 0332 2039 (021) 23571204 (021) 6297280. 63859843 FACSIMILE (0761) 64788 (0761) 7891356 (0761) 95083 (0761) 91044 (0761) 862356 (021) 3453685 (021) 2800268 (021) 3840522 (021) 2305331 (021) 3447736 (021) 63859842 14. Jl. 2800263 (021) 3454529 (021) 39840050 (021) 3447721. Mangga Besar VIII No. Jak Pusat Pasar Regional Tanah Abang Blok A Los F No. Jakpus Jl. Saharjo No. Pelalawan Jl Raya KM 6 Perawang. JAKARTA Pusat Jl. Kel. Kel Cideng. Gedung Grha Atrium Lt.12. 3447735 (021) 63859842. Jakarta Jl Cikini raya No. Jakarta Jl Kyai Caringin No. 4.

30. Medan Merdeka Selatan No. Medan Merdeka Selatan No. JAKARTA Pusat Jl. Veteran No.H Thamrin No. 3840802. Pintu Air No. Kec. Jakarta Pusat Jl Raya Jatinegara Timur IV/ 448 Jl Pahlawan Revolusi No.40C. Penggilingan Cakung.15A. Mas Mansyur Kav. Sawah Besar JAKARTA Pusat Gedung Arthaloka.007 Rw. JAKARTA SUDIRMAN 1. Kel. 3858254/55. Jakarta Pusat 10220 Grand Indonesia Shopping Town Unit EM 3-31Lt. 3452334. Jak-Tim Jl. Wahidin No 1.07.4A. Dewi Sartika No. Jak-Pus 10110 Jl.017. 3504991 (021) 3841731. Abdurachman Saleh. 4212911 (021) 8506400. Blora No. KC 0376 (021) 57933251 (021) 57933253 1 2 3 Grand Indonesia Blora RS Jakarta KCP KCP KCP 1194 2019 1195 (021) 23580448 (021) 31900772 (021) 57851632 (021) 23580449 (021) 31900773 (021) 57853873 4 Sudirman Park KCP KC KCP KC KC KCP KCP 2046 0345 1179 0356 0122 1117 0534 (021) 57943816-17 (021) 6006272/4. Jakarta Jl.I No.1. Jl. Rt. Jakarta Pusat 10110 Gedung B Jl. 3453689/98.35. 86612414 (021) 83705544 (021) 80884255. Jl Jend Sudirman Kav 7. 3757255 (021) 3519809 (021) 3506709. Kec. Jakarta Pusat) JL Gunung Sahari Raya No. Jl. 3500438 (021) 3519806.H. Cililitan. Jakarta Timur TELEPHONE (021) 3843553. Jakarta 12810 Jl.4. Jakarta Gedung Kementerian BUMN. Kec Duren Sawit. JAKARTA KALIMALANG KC 0419 (021) 86615198 (021) 8602587 1 2 Penggilingan Pondok Kelapa KCP KCP 0588 0528 (021) 4605628/9 (021) 86903931.3 (Jl. Tebet. 2311976. Jakarta Pusat Jl. Pondok Kelapa Raya Blok F. Dr. JAKARTA Pusat Komplek Ruko Sudirman Park No. 6598256 (021) 62202882/3 (021) 4212903/4/5/6/8. Pasar Baru.Jl. JAKARTA GN.13. Kalimalang Blok C3 No. 6 Kel Klender. 18 Jakarta Pusat Jln P Jayakarta no 26 Blok A. Kel Mangga 2 Sel. Jl Sudirman kav 49.6 Rt. 86903235 (021) 4605659 (021) 86902926 398 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Angkasa 18 Kemayoran.12. 8 Jakarta Pusat Jl. Kec. Jakarta Pusat Gedung Annex Yayasan RS JAKARTA. K.36-A. 10. JAKARTA VETERAN 1 2 3 4 5 6 Lemhannas Pertamina Departemen Keuangan RSPAD Kementerian BUMN Pasar Baru TYPE OF OUTLET KC KCP KCP KCP KCP KCP KCP KC KCP BRAND CODE 0329 0596 0558 0507 0506 2020 2080 0261 1183 ADDRESS Jl.OUTLET 6.I. Tebet Barat IX No. 1. 8516471 (021) 86612405.B. 80884273 (021) 5794390 (021) 6006280 (021) 62202884 (021) 4212913 (021) 8500646 (021) 8600405 (021) 83705545 9. 2314174 (021) 6299733/32 FACSIMILE (021) 3842840 (021) 3500437 (021) 3507094/95 (021) 3452334 (021) 3519851 (021) 3500687 (021) 3452548 (021) 3812876 (021) 6299734 7. Kramat Jati. JAKARTA KREKOT 1 Karanganyar 8. Jakarta Timur Jl.011 Rw. Jakarta Timur Jl. Menteng.3. 44 Jakarta Pusat Pusat Pertokoan Karanganyar Permai 55 Blok A No 15. 80884261. Samanhudi No. . Duren Sawit. Jakarta Pusat Jl. Jakarta Timur Jl Raya Hamengkubuwono No.Jakpus Gd. Perwira II No 2 . JAKARTA JATINEGARA 1 2 Klender Tebet 3 Pasar Grosir Cililitan KCP 1124 (021) 80884273 14. PELNI Lt. 3524665 (021) 3500284 (021) 3452535 (021) 2311873. SAHARI 1 Pangeran Jayakarta 10 JAKARTA KEMAYORAN 11. 3847739. M.

Jak Selatan TELEPHONE (021) 86613897 FACSIMILE (021) 86613898 4 Radin Inten KCP 1187 (021) 86613153 (021) 86613166 15.JAKARTA Pst Pusat Grosir Pasar Pagi Mangga Dua. 6604984 (021)55964741 2 Muara Baru KCP 0541 (021) 6614146 (021) 6614146 19. 6605049 (021) 55965472/71 (021) 66605428. JAKARTA MANGGA DUA KC 0346 (021) 6013623. Klp. Enggano Raya No. Tanjung Priok. Lantai 2 Blok KA No. Jl. Jl HR Rasuna Said. Mall Mangga Dua Kav. KC 0416 (021) 45874567 (021) 45878819 1 Boulevard Raya KCP 1176 (021) 4528950 (021) 4528950 20 JAKARTA RASUNA SAID KC 0378 (021) 57942119/21 (021) 57942122 1 Kuningan Epicentrum KCP 2013 (021) 93903983 (021) 93903982 2 Mall Ambasador KCP 1223 (021) 5760130 (021) 5760130 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kec. Lantai Dasar.1. Kel.Priok Cakung Tipar KC KCP KCP 0186 0535 1193 (021) 4300381. JakUt 14240 Kompleks Perkantoran Permata Kelapa Gading Blok D No. JAKARTA Utara Jl. 399 .Jl. 6605024.6.20 Rt.Jatiwaringin No.005/05 Cip. Jakarta Utara Gd. Gading Kec. Boulevard Bukit Gading Raya. Lt Upper Ground. JAKARTA KELAPA GADING 2. Kel. 6127945. Kel. Kelapa Gaind Barat. 6127944 (021) 6123268 (021) 6013624 1 Harco Mangga Dua KCP 1196 (021) 6123263 2 Pasar Pagi KCP 2102 (021) 6123609 (021) 6123608 18. Klp Gading Boulevard Blok TA 2/34.OUTLET 3 Pangkalan Jati TYPE OF OUTLET KCP BRAND CODE 0652 ADDRESS Jl. Kelapa Gading. 36 Jl Prof Dr Satrio. JAKARTA Utara Jl Muara Karang Raya No. Kelapa Gaing Barat. 419875.79F. Jl Kapuk Raya. BR-05. Dasar No. PRIOK 1 2 Adpel Tj. Kec.78. BR-04. JAKARTA PLUIT 1 Kapuk Indah KC KCP 0415 1191 (021) 66605428. JAKARTA KELAPA GADING KC 0320 (021) 4507656. Kec Pademangan.70 Kel. Kec Penjaringan. JAKARTA Sltn Mall Ambasador Lt. Jakarta Ruko Kelapa Gading Permai. Jak Utara Jl Boulevard Artha Gading. 4300161 (021) 43908446.Melayu. Kel. Blok A-B Utara. Kuningan. 31. 005.28. JAKARTA Timur " Jl Yos Sudarso No. Kel Pluit.23-24. 43908559 (021) 46830546 (021) 43937634 (021) 43908447 (021) 46830553 16. JAKARTA TJ. Jakarta Utara Jl Pluit Kencana No. Koja. Raya Boulevard Barat Blok LC 6 Kav 69 . Kec Kelapa Gading JakUt Jl. Kav b-2 Jak Selatan Rasuna Office Park. Komplek Agung Sedayu blok N no 6. Sentra Bisnis Blok A-6A. Jl Boulevard Raya Blok LB1 no. Duren Sawit. Kebon Bawang. Jakarta Timur "Ruko Eksekutif Radin Inten Center No 8E. 6255641. 1 Tg Priok Jakarta Utara Jl. 4507911 (021) 4507654 1 Kelapa Gading KCP 0540 (021) 4525088 (021) 45840217 2 Kantor Permata Kelapa Gading KCP 2022 (021) 4517328. Jakarta Utara Jl Tipar Cakung. Jl Arteri Mangga Dua Raya Harco Mangga Dua. Jakarta Ruko Puri Grisenda Blok GE 35. Radin Inten Kec. Unit BO-03. 4517828 (021) 45860736 17.JAKARTA Utara Gd Wisma Bakrie 2. No. Ancol. Jl HR Rasuna Said.

Kec. 5204414 (021) 52731746/47 (021) 5152791 (021) 52961529. Jakarta 14350 Ruko Puri Mutiara Blok A No.11 Jl. JAKARTA GT SUBROTO 1 2 3 Telkom Gatot Subroto Gedung BEJ Jamsostek KC KW KANINS KC KCP KCP KCP 0359 0594 0671 2071 0317 (021) 56983751/52 (021) 52920581. Jakarta Jl. Kotamadya Jakarta Utara Rukan Cordoba Blok E No. Jaksel Jl. Cempaka Putih Raya. Jakarta Pusat Jl. Rawa Bambu No. Jakarta Selatan Jl. 5204466. JAKARTA CEMPAKA MAS (021) 42888495 1 Sunter KCP 1115 (021) 70768011 (021) 65837007 2 Puri Mutiara KCP 1188 (021) 65310562 (021) 65310563 3 4 Cempaka Mas Yarsi KCP KCP KC KC 0522 2079 0433 0439 (021) 4255328. Kel. Sunter Agung.3 Blok Q/IV Rt. Gatot Subroto Kav. Gatot Subroto Kav. Jakarta Selatan Gedung Graha Pulo Jl. Hang Tuah Raya. 79195844 (021) 7252125 (021) 79199114 (021) 7820575 (021) 79188280 (021) 25535173 (021) 7982480. Jl. Tj Priok. Pantai Indah Kapuk.001/05 Kebayoran Baru.1A. JAKARTA WARUNGBUNCIT 1 2 3 4 Cikajang Pejaten Rawa Bambu Graha Pulo 5 TB Simatupang KCP 2075 (021) 7815080 (021) 7815665 400 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Jakarta Selatan JSX Building Tower Jl. Kelapa Gading. . 52. 24. Tanjung Priok JAKARTA Utara Graha Cempaka Mas I Blok E. 3 Kelurahan Sunter Agung. 7983911 (021) 7392467 (021) 79199114 (021) 7820575 (021) 79188283 2. Jl. Kav 33. 52 jakarta Selatan Jl. Wahid Hasyim No. Jakarta Pusat Jl. Jend Gatot Subroto No. Jl. Jagakarsa. 5204417. Sunter Agung. Mampang Prapatan No. Kecamatan Tanjung Priok. JAKARTA II JAKARTA II 1.OUTLET TYPE OF OUTLET KC BRAND CODE 0434 ADDRESS Rukan Graha Cempaka Mas Blok A28-A29. Kebayoran Baru. Kel. 42803024 (021) 42804038 (021) 3102288. 52920587 (021) 7255732 (021) 5204433 (021) 5273175 (021) 5152790 (021) 52902369 Gedung Mulia Lt. Jl.192. Suprapto. 11.26.88. 8 Jakarta Selatan Jl. Jakarta Utara TELEPHONE (021) 42889598. Jaksel Jl Gatot Subroto Kav. Tubagus Simatupang No. Jakarta Utara 14240 Jl Danau Sunter Utara Blok C2 No. Pasar Minggu.38. Jl Gatot Subroto Jakarta Selatan Jl. Jakarta Gedung Menara Jamsostek. 42889579. 7983911.1/24. JAKARTA PLUIT 2. SUNTER KC 0441 (021) 64716828 (021) 65834019 25. Jakarta Selatan Plaza Semanggi Lantai Underground Banking Hall. Jakarta Pusat 10640 Jl Danau Sunter Blok M. Kec. Buncit Raya No. 42888493 FACSIMILE 21. 45600777 (021) 56983753 (021) 52920586. Jakarta Selatan Komplek Ruko Tanjung Barat. Jend.Cikajang No. 2. JAKARTA WAHID HASYIM 23. Jakarta Selatan 4 Plaza Semanggi KCP KC KCP KCP KCP KCP 2123 0341 0651 1182 2009 2074 (021) 25535174 (021) 7982411. 3102679 (021) 4517897. Raya Pejaten no 20. Jend Sudirman Kav 52-53. Letjen Suprapto.88D. Jl.Psr Minggu. 9 . 5204444. Boulevard Raya TB 2 No. JAKARTA KELAPA GADING 3. Letjen. 4521881 (021) 4255277 (021) 42804035 (021) 3147707 (021) 4517897 22. Tanjung Barat. 52920585 (021) 7245343 (021) 5204431.89.

19. Kebayoran Lama.S Fatmawati No. 75913022. Jakarta Selatan Jl Panglima Polim Raya no.5-B. Psr Minggu.Hasanuddin No. Jl Arteri Permata Hijau. 31/Grogol Utara. 8314176. Jl. Kec. 8.S Fatmawati Cilandak JAKARTA. Minggu.97.7.Indah Jakarta Selatan Jl. Jakarta Selatan Gedung ITHO Bona Plaza. R. 62. Jl. Jakarta Selatan Jl Cinere Raya No. Sultan Iskandar Muda/ Arteri Pondok Indah Kav. Raya Pasar Minggu No. 75913023. Lama. 8802820/24 (021) 7983920 12. Sel. Kec. Pulo. Jakarta Selatan Ruko Royal Palace B. JAKARTA FATMAWATI 1 2 RSU Fatmawati Duta Mas 7. Jaksel Komplek Ruko Grand Wijaya Center Blok F No. 7201053/8 (021) 71792504 FACSIMILE (021) 7201056 (021) 7192410 2 Dept. Jl.2 No. Keb. JAKARTA CINERE 1 Cinere KC KCP KC 0428 0523 0139 (021) 75913427 (021) 7540841 (021) 8800971 13. 7294069 (021) 72789970 (021) 7194520 (021) 723645 (021) 7294066 4. 7503979/80 (021) 72793825/6 (021) 75921053 (021) 7802262 (021) 7695239 (021) 7695239 (021) 72793815 5. Kec.37 Jaksel Jl. Jakpus Mabes Polri. 3. Ragunan Raya 39. Trunojoyo. 7201054/5. Jakarta Jl Ampera Raya No. Ir. Cinere Jl. Keb.Baru. Jakarta Selatan Jl. 401 . Supomo. JAKARTA PANGLIMA POLIM KC KC KC 0390 0427 0420 (021) 83785557/58 (021) 8314159. 75914846 (021) 7540856.5 Rt.B. Jakarta Selatan Jl. Kel Ulujami. R. Komplek Pertokoan Duta Mas Blok B. Kec. Kehutanan Jakarta KCP 1167 (021) 57902931 (021) 57902932 3 4 5 Mabes POLRI Kemang Melawai KCP KCP KCP KC 2018 2114 2124 0362 (021) 72789972 (021) 7194517 (021) 7258104 (021) 7294070/71/72/73. Bekasi TELEPHONE (021) 7201053/4. Jl Gatot Subroto. BEKASI ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 68196654 (021) 7206362 3 Pondok Indah Mall KCP KC KC KCP KCP 1146 0339 0330 0501 0525 (021) 75921055 (021) 78833026. Jl. JAKARTA PANCORAN 9. 7540845.Dasar No. Jl.2 Rw. Baru. 7983920. Jakarta Selatan Jalan Melawai Raya No. Jl. BARU 1 Ampera TYPE OF OUTLET KC KCP BRAND CODE 0193 1130 ADDRESS Jl. Jakarta Jl Gatot Subroto No.G 33B. Jakarta 12210 Jl Ciledug Raya No. Kec. JAKARTA PASAR MINGGU 6. No. Tanah Abang. 7984230.Raya Fatmawati. 8314165 (021) 7255834 (021) 83785562 (021) 8314198 (021) 7247701 1 Wijaya Center KCP 2008 (021) 7202954 (021) 7246063 11. Jak-Sel Grand ITC Permata Hijau. Karang Tengah Raya No. Kel. Wijaya II. Kec.Pancoran.6. Jl. Keb.Duren Tiga. Tebet. 15 Cipulir.OUTLET 3. JAKARTA KEB.9A. 72. Indah Mall 2 Lt.7 Kel. Kebayoran Baru. Kemang Raya No. 7894356 (021) 75913427. Jak-Selatan Pd. JAKARTA PD INDAH 1 Permata Hijau KCP 1116 (021) 53664223 (021) 53664234 2 Cipulir KCP 1133 (021) 58904160. 88349008.29. Kel. Ps. 78839888 (021) 7694430. Kel Pajetan Barat. Raya Metro Pd. JAKARTA KALIBATA KC 0426 (021) 7983942. Selong. Keb Lama.62 Blok M. Jak Selatan Gedung Manggala Wanabakti.93. 7503980/81 (021) 7694430. JAKARTA SAHARJO 10. 8314198.6. Kel Menteng Dalam. Type Emerald No. Kotamadya Jakarta Selatan Jl. 7536209 (021) 880280. Juanda No.

Sukasari. KC.3 RW. Bogor (021) 82433735. 415315 (0267) 484841/2 17. Bekasi Jl. Yani No. Inspeksi Kalimalang Blok B. Cikampek Jl Raya Pancawati. Bekasi Jl Raya Cikarang-Cibarusah No. 16.Pancawati. Jatibening. 8616545 (Pincapem) (021) 88394731 (0264) 316743 (0267) 8616545 15. A. Jend. Cikarang.1 Jl Chairil Anwar. Bandongan. 415138 (0267) 484843 Jl. Kec. 23-25 Jl Raya Ppondok Gede Bekasi Komplek Pondok Gede Plaza Blok A-20. Bogor Jl. Tuparev No. Karawang. Bekasi Jl. Raya Jatiasih No. 8326468 (0251) 8321851/8 (0251) 8337578 (0251) 8372213 (0251) 8372392 (0251) 8326768 (0251) 8321856 (0251) 8338822 402 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Kab. Kel Pajajaran. Bogor Timur. CIKARANG KC 0319 (021) 89835728. 316085.B. 8935349. Bekasi Jl Caman Raya no 17H RT. Sudirman 15-D.80/152.OUTLET 1 Tambun TYPE OF OUTLET KCP BRAND CODE 1105 ADDRESS Ruko Kalimas Blok B. Kec Bogor Utara. 82433791 (0267) 402333. 44A. Tuparev No. Bogor Jl. Kel. Rengasdengklok.3. 8431235 (021) 84993668 (021) 84312135 (021) 82433835 (0267) 415228. Kel Margahayu. Kec Bekasi Timur Bekasi Ruko Cikarang Comersial Centre. Bekasi Plaza Roxy Blok S1. Raya Pahlawan No. Bogor Jl Raya Pajajaran Jendral Sudirman no 78-O. Jatiasih. Bekasi 17550 Jl Teuku Umar no. Pondok Gede. 27. Desa Sukaresmi Kec. Jend. Klari.27.10. PONDOK GEDE KC 0385 (021) 84938476/77/78 (021) 84948480 1 Pondok Gede KCP 0527 (021) 84938476/78 (021) 84938480 2 3 4 Jatibening Mabes TNI Cilangkap Jatiasih KCP KCP KCP KC KCP 1169 2101 2108 0116 0597 (021) 84976959 (021) 8723937. 95A Rt. Kab.02/06. 39. Kc. Cikarang.06.312.no B-7 Jl Kasuari Raya. Pondok Gede. Jatirasa. Jl Raya Cikarang.Bekasi TELEPHONE (021) 88342908 FACSIMILE (021) 88359638 14. . Tambun. Kel. Raya Tajur No. BOGOR PADJAJARAN KC 0387 (0251) 8334568 (0251) 8334568 1 2 3 4 5 Baranangsiang Sudirman Batu Tulis Suryakencana Tajur KCP KCP KCP KCP KCP 1180 1189 1149 0531 0533 (0251) 8372302 (0251) 8372310 (0251) 8326685. Rengasdengklok. KARAWANG 1 Rengasdengklok 2 Karawang Wetan KCP 2073 (0267) 8453443 (0267) 8453445 18. Cikarang Barat. Karawang Jl. CIKAMPEK 1 Kosambi 16. 312200.408. Karawang Jl Raya Pajajaran No.12A. Cibarusah KM 40. No. Kel. Bogor Jl. Karawang Wetan. Blok Kraton RT. Kec. Cikarang Baru Cikarang Plaza Blok B No. Bogor Selatan Jl. 82433768. Karawang Jl. Cikampek Plaza Pondok Gede Ruko Blok C. 89835728 (021) 8934544 1 2 3 Cibitung Jababeka Cikarang KCP KCP KCP 1186 1165 0537 (021) 88324402 (021) 89840763/64 (021) 89110462 (021) 88324402 (021) 89840763 (021) 89110463 4 Cikarang Selatan KCP 1131 (021) 89677087/89 (021) 89677087 5 Sentra Niaga Kalimas KCP KC KCP 2072 0302 1181 (021) 88394730 (0264) 316069. Kec.02/RW. Suryakencana No. 319273 (0267) 8616546.49. Cikarang Selatan Kab Bekasi Jl. Ds.

Kel Ciriung. Cibinong. 23 No. Kec. Bekasi Perumahan Kemang Pratama Blok AN-08. Bekasi Jl Raya Pekayon no 17. Jl Sultan Agung 173. 82431840 (Pinca) (021) 82404134 (021) 82401711.438. No 9. RT. 88961786. 87941134 (021) 8670145 (021) 87721352 (021) 87795861 (021) 87713556. Bogor Jl. Bekasi Selatan Komplek Ruko Taman Galaxy Indah blok H no 1. Kav. 403 . Kel. Kec. 8842559.2 No. Bekasi. Jendral Sudirman Ruko 1A dan 1B No. Kc. Bojong. Jakarta Timur TELEPHONE (0251) 8391393 (0251) 8610154 (0251) 8312249. Raya Margonda No. Depok Kampus UI Depok Fak.Jl Alternatif Cibubur. Jl Mayor Oking Jayaatmaja. Kel Jatikarya Kec. Raya Bogor Km. Timur Jl. 19-20. 82409326 (021) 88961786 1 2 Sentral Niaga Kali Malang RS Ananda KCP KCP KC KCP KCP 0529 1153 0423 1150 2113 (021) 88850370 (021) 88855108 (021) 82431125 (021) 82404331 (021) 82434645 23. Pasar Rebo. 8337180 (021) 77212719 (021) 7870338 (021) 77835031 (021) 70241012. Dewi Sartika No. Dermaga. 1-2. A.51A. Kayuringin. Kalisari. Jl Raya Alternatif Cibubur.Kec. Kab Bogor Jl. Kel.OUTLET 6 7 IPB Dermaga Parung TYPE OF OUTLET KCP KCP KC KC KCP KCP KCP BRAND CODE 0595 1128 0012 0538 1147 1163 0672 ADDRESS Kampus Institut Pertanian Bogor. Kec. Ps. Jl Tole Iskandar no 66. Jl Raya JAKARTA Bogor Km 43. Rawalumbu.Beji. Kec. Kalisari No. Kec CIteurep Ruko CV Mitra Lestari Cimanggis. Medan Satria. Jatikarya.25. Bekasi Ruko Graha Cibinong Blok B No. Jl. Desa Parung. JAKARTA Timur Jl Narogong no 3. Bogor Jl Raya Parung. Bekasi Selatan 17144 Komplek Ruko Sentral Kalimalang Blok A.7-8. Kel.Kemirimuka. 87713558 (021) 87914185 (021) 8670145 (021) 87721364 (021) 87795861 (021) 87703133 25. 1.6.Yani. 19. BEKASI BARAT KC 0424 (021) 88961279. Kec. CIMANGGIS 1 2 Cijantung Kalisari ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 88960863 (021) 88850371 (021) 88861041 (021) 82426364 (hunting). Bekasi Jl Lapangan Tembak no 14H. Jatisampurna Bekasi Jl. Rebo JAKARTA. Depok Jl. Cileungsi.Kel. 70300536 FACSIMILE (0251) 8423046 (0251) 8610194 (0251) 8320043 (021) 77212720 (021) 78884575 (021) 77835031 (021) 70300536 19. CIBINONG KC 0421 (021) 87914799 (021) 87914795 1 2 Cibinong Mayor Oking Gunung Putri KCP KCP KC KCP KCP 1134 1151 0422 0510 2005 (021) 87941154. DEPOK 1 2 3 Margonda Depok Timur Kampus UI 21. PEKAYON 1 2 Galaxy Kemang Pratama 24. 33 Depok Jl. Bogor Komp Ruko III Citra Grand No. 8843457.2/1. Cimanggis. Margonda Raya No. Kranggan Permai Blok 16 No. Cibinong Jl Raya Mayor Oking no 78. Jatisampurna. Depok Ruko Mutiara kav no 11. 3. Bogor Prum Taman Rezeki. Psikologi Jl Trans Yogi . Jl Raya Bogor KM 29. CIBUBUR KC 0384 (021) 8446653 (021) 8446654 1 2 Arundina Cileungsi KCP KCP 1170 1152 (021) 8721694 (021) 8230614 (021) 8721694 (021) 8230614 3 Kranggan KCP 0578 (021) 843000017 (021) 843000016 22. Ciracas. BOGOR DEWI SARTIKA 20. Kec Parung. Kec.

S. 2A Kel Meruya Utara.13 Rw. Jakarta Timur Wisma Raharja Jl. Jakarta Barat Jl. JAKARTA Barat Jl Meruya Ilir No 36 C. Panjang Rt. 53653467/69. JAKARTA Selatan TELEPHONE (021) 7205086/87 (021) 80876626 (021) 78846182.122. TB.24. Meruya Utara Kec. Kec Kembangan.2A. JAKARTA DAAN MOGOT 4. Kebayoran Lama. JAKARTA KEBON JERUK 1 2 Batusari Pesanggrahan KC KCP KCP 0377 2041 1118 (021) 5356343/58 (021) 53654865 (021) 58906231. JAKARTA KRAMAT JATI 28.3. Jakarta Barat Puri Botanical Garden Blok H 7 No 1-2. 29020109 (021) 29020109 2. 58907166 (021) 58906368 1 Meruya Ilir KCP 1177 (021) 5854303 (021) 58907339 2 Taman Aries KCP 2139 (021) 5856706. Jl.OUTLET 26.Petamburan Jakbar Komplek Ruko Mutiara Taman palem Blok A-6 No. JAKARTA PALMERAH KC 0397 (021) 53653145 (021) 53653142 404 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 56981293 (021) 5332487 3. Jl. Cilandak Timur. 56963053. Tambun. Jl Raya Teluk Gong No 15 Jakut Ruko Taman Duta Mas Blok E-1 No 12A. JAKARTA TANJUNG DUREN KC KC 0379 0395 (021) 56962970 (021) 56968750 1 Mall Taman Anggrek KCP 0505 (021) 5639581/2/3 (021) 5639581 2 Greenville KCP 1210 (021) 56943902 (021) 56943902 5. JAKARTA RADIO DALAM 27. 6298659 (021) 66698265 FACSIMILE (021) 7206982 (021) 80871126 (021) 78849872 (021) 88332522 (021) 5481766 (021) 6924658 (021) 66698264 2 Tubagus Angke KCP 1172 (021) 56944495 (021) 5694457 3 Mutiara Taman Palem KCP 2045 (021) 29020108. Bekasi Jl. Kec. Kebon Jeruk. . 56963124. Jl Tubagus Angke. Jl. Letjen S. JAKARTA Barat Mall Taman Anggrek Ground Floor G. Kel. JAKARTA Barat Rukan Kencana Niaga Taman Aries Blok D 1 No. Jakarta Selatan Ruko.130 Rt. Rw. Kebon Jeruk. Kebon Jeruk.333. Kec. Jak Barat 11510 Jl Tanjung Duren Barat I No 34. Kembangan. Raya Bogor No. Parman Kav. Teuku Umar. 6927385. Kembangan. TB SIMATUPANG 29. Jakarta Barat Jl. Komplek Greenville Blok C No. Kebon Jeruk Raya No. 54 Jakarta Ruko Duta Indah Square Blok B No 1. Jakarta Barat (Intercon) Jl Daan Mogot No. Kebayoran Baru. 02.31 (Banking Centre) Jl. JAKARTA JOGLO KC 0396 (021) 58907163. Taman Aries. Kab. Raya Joglo. 53653473/74 (021) 6918281. JAKARTA KOTA 1 Teluk Gong TYPE OF OUTLET KC KC KC KC KW KC KCP BRAND CODE 0430 0442 0439 0444 0853 0019 1171 ADDRESS Jl. Jakarta Selatan Jl. 56963310.Parman Kav. Jakarta Barat Wisma Relasi.21 JAKARTA. Jakarta Barat Jl Palmerah Barat No 43 A. Srengseng. Duri Kepa. 17 Kel.9-11. Radio Dalam No.01 Kel.Kebon Jeruk. 5481320 (021) 5683660. 1. Kel. 58905250 (021) 5301640 (021) 53654869 (021) 58905249 3 Kebon Jeruk KCP 0539 (021) 5481433. 78846183 (021) 88332523 (021) 53653470 (hunting). Kec. 5856733 (021) 5856706 6. Kopi No. TAMBUN JAKARTA III 1. Slipi. Jakarta Barat Ruko Jl Pesanggrahan No. G No. Cengkareng. 1 K. Simatupang Kav. Panjang No. Kebon Jeruk. Jakarta Barat Jl. Jl.06. 56963423 (021) 56969422.

Kembangan Sel. JAKARTA Barat Jl. Letjend S. Kel. Tangerang Jl MH Thamrin no 13. 56981105 (021) 56981106 12. Grogol. JAKARTA PURI NIAGA 1 Asshidiqiyah TYPE OF OUTLET KC KCP KC BRAND CODE 0398 0520 0399 ADDRESS Puri Niaga II Blok J-I No 2T-sU. Arteri Kebon Jeruk. 53161402/4/5 (021) 53123419 (021) 54212198 (021) 5376570 (021) 53122978 (021) 54212198 3 4 Batan Cikokol KCP KCP 1185 2011 (021) 75871167 (021) 55754668 (021) 75871167 (021) 55754668 5 Alam Sutra KCP 2135 (021) 70081813 - ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Tangerang Jl Pahlawan Seribu.Kemanggisan. Pakulon Kec. Kel Kemanggisan. JAKARTA JELAMBAR KC 0418 (021) 5696692.6.Palmerah. Kab.1/6. Jakpus Jl. Prof Dr. Tangerang Jl Pusppitek Raya no 19C. 88F. 1-2 Jl. Kec. Kel. 6329986/82 (021) 63866641 (021) 5961585/6 (021) 53654096 (021) 6329982 (021) 63866641 (021) 56961587 (021) 53654097 10. Ruko Golden Boulevard Blok Q 6-7. Pakujaya. 7375857 (021) 7375856 2 Graha Raya Bintaro KCP 2136 (021) 5399449 (021) 5399481 13. Utanjati Kalideres. Kel Cikokol. Palmerah.KH. 74861109 (021) 74861026 1 Bintaro KCP 0521 (021) 7375169. 30 D No. Kedoya. JAKARTA KALIDERES 1 Taman Palem KCP 2045 (021) 55956548. Tangerang Ruko Alexandrite. Serpong Kab.D. Komplek Ruko Grogol Permai Blok A 25-26. Jakarta Pusat Jl KH Mas Mansyur no 120 C.Hasyim Ashari. Grogol Jakarta Barat 11460 Ruko Sentra Menteng Blok B7-MN No. 405 . Tangerang Selatan TELEPHONE (021) 58300737 (021) 5813591 (021) 54376462 FACSIMILE (021) 58300379 (021) 5813592 (021) 54376465 8. Jl. Tangerang Ruko Jalur Sutera Kav. JAKARTA S.28. Tanjung Duren Utara No 1. 19/6. Jakarta Barat Pusat Niaga Roxi Mas Blok B1 No. Jakarta Barat Jl. Kec. Jakarta Komplek Perum Daan Mogot Baru Jl Tampak Siring Blok KJH No. Jakarta Barat Jl Kemanggisan Raya No. Cengkareng Ruko Citra Niaga Blok A No. Kel Muncul.OUTLET 7. Kc Setu. BSD Tangerang Ruko Sentra Niaga III E No.39. Serpong.41.C. Kec. RT. Tambora.30. Jakarta Graha Raya Bintaro Jaya. Jl Boulevard Raya Gading Serpong No. BINTARO KC 0393 (021) 74861251.1 Kel. Latumenten.Parman Blok G/9-11. Anggrek Loka Blok A 1/11 C. Tangerang Komplek Ruko Plaza Bintaro Jaya Sektor 3 No.PARMAN 1 Slipi KCP 1120 (021) 53690977/8/9 (021) 53690979 11. 55963704 (021) 55963564 2 Citra Niaga KCP 2040 (021) 54375462 (021) 54374590 9. Jl. Sam Ratulangi Sektor 7 Bintaro Jaya.3 dan 3A Jakarta Komplek Perum Taman Palem Lestari Blok C1 No. JAKARTA ROXI 1 2 Jembatan Lima Universitas Tarumanegara KC KCP KCP KC 0338 0653 0592 0417 (021) 63855121. Jakarta Barat Jl. BUMI SERPONG DAMAI 1 2 Serpong Gading Serpong KC KCP KCP 0509 1143 1145 (021) 5376571.

Tangerang Jl Ciputat Raya No. CIPUTAT 1 Rempoa KC KCP 0382 2012 (021) 7403188. 81761 (0253) 201047. LABUAN 20. 201333 (0254) 210025/26 (021) 55791097 (021) 55910938 (021) 55752322 (0252) 204112 (0254) 391960 (0254) 387293 (0253) 82666 (0235) 203501 (0254) 200133 17. 7427806 (021) 7354423. Tangerang Ruko. Jl Raya M Toha Tangerang(Jl Raya Mauk Tangerang) Angkasa Pura 2. Raya Serang Km. 7495529 (021) 7343543/63 (021) 74710406 (021) 7343517 15. CILEDUG 1 Ciledug KCP 1106 (021) 73440663 (021) 73440713 2 Karang Tengah KCP KC 2137 0120 (021) 73451880 (021) 5520789. 5282558 (021) 5952577 2 Karawaci KCP 1132 (021) 55791051 (021) 55791051 3 4 5 Tangerang Pasar Baru Bandara Soekarno Hatta Hasyim Ashari KCP KCP KCP KC KC KCP KC KC KC 1129 1144 2010 0080 0188 1164 0166 0062 0084 (021) 5518306 (021) 55910938 (021) 55752322 (0252) 201012. Pamulang Barat. 88 (Ir H.7. 32 Jl HOS Cokroaminoto. Rt. PANDEGLANG 21. Karawaci. CILEGON 1 Cibeber 19. Labuan. Kab Tangerang Jl. 34. . Karang Tengah. Ciputat. 175-176. 73888812 (021) 7427737 (021) 7355641 2 Pamulang KCP 1127 (021) 7411952 (021) 7411952 3 Jakarta Universitas Terbuka KCP 1173 (021) 7403591 (021) 74708367 4 Cirendeu KCP KC 0524 0392 (021) 7493285. Pandeglang Jl. Kec. Gedung 600.II C. Jend. Jl Cabe Raya. Pandeglang Banten Jl. Kawasan Lippo Karawaci Tangerang Ruko M Toha Blok B No. Raya Raden Saleh No. Kel. Pamulang. RANGKASBITUNG 18. S. Tangerang Komplek Ruko Indah Mas Jl. Pamulang. 42.03. RC Veteran No. 3. 204063 (0254) 391393/2. 5 Cilegon Jl Jend Ahmad Yani. Cirendeu Raya. 7. Cengkareng Jl. Diponegoro No. Serang TELEPHONE (012) 54213536 FACSIMILE (021) 54211570 14. Kel. Cipondoh No. 201683. Ruko Cirendeu Griya Permai No. Ds Kreo. Hasyim Ashari. Jend. 156. 5515914 (021) 73451880 (021) 5524356 16. Rangkasbitung Jl. 82800. Ika Jatmika No. Ahmad Yani No. 9 B.90. SERANG 406 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Tangerang Pusat Perdagangan Anugrah Ciledug Blok D No. Tangerang Jl. Sudirman No. Juanda).A Tirtayasa No.002/002 Kampung Kabembem. Blaraja. 5524357. Banten Ged Pelayanan Kanpus lt 2.Tangerang Jl. P. Cilegon Km 20 (Jl serang) Jl. Kab Tangerang. Sudimara Barat Ciledug Tangerang Jl. / Kec. 3 Jl Pamulang Raya. 391351 (0254) 387263 (0253) 81213/4. TANGERANG 1 Balaraja KCP 0536 (021) 5952545. Bhayangkara No. 1.4. Tangerang Jl.001 Rw.24 Rt. 105 Boulevard Diponegoro. Kec. Ciledug. Desa Cireundeu. Jakarta Jl HOS Cokroaminoto no 71. Kab. KH. Jl Imam Bonjol No.OUTLET 6 Supermall Lippo Karawaci TYPE OF OUTLET KCP BRAND CODE 2126 ADDRESS Supermall Karawaci Lantai LG No. Kec. Jakarta Selatan Ruko Pamulang Permai 1 Blok SH 20 No.

Kalbar 78912 Jl. Tangerang Jl Raya Serang. Sanggau Kalimantan Barat Jl Raya Ngabang KM 2. PUTUS SIBAU 24. 5950711 (021) 5962148 FACSIMILE (0254) 401239 (0562) 633336 (0562) 441054 (0562) 243775 (0562) 393082 (0567) 21592 (0561) 691140 (0561) 654451 (0561) 733019 (0561) 733145 (0561) 760422 (0564) 21215.Kampung Durian.I. Putussibau. Kapuas Kanan Hulu. 22122 (0563) 2022714 (0564) 41130 (0565) 21506. Kalimantan Barat Jl Juang No 10. Sudirman No. Kab.Kc Cikande. 21502.Ahmad Yani Pontianak Jl. 4.Kc Ngabang. G. Jend. Jend. 2. Raya Serang Km. Kab. 29342 (0563) 2022715 (0654) 41933 (0565) 22409 (0568) 21609 (0565) 2025518 (0534) 32170 22. Jl. 5528229 (021) 5520683 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 741616 (0561) 734711 (0561)733433 (0564) 21123. Kel. 631624. D. Diponegoro No. Yani No. Seliung RT. Kel. Kab Sambas Jl. 691306. Barito No.Serang Jl.Sintang. Pemangkat Jl Gusti Hamzah. Jend.12.OUTLET 1 Cikande TYPE OF OUTLET KCP KC KCP KCP KCP KC KC KCP KC KCP KCP KC KCP KCP KC KCP KCP KC BRAND CODE 1166 0089 0567 0568 1168 0305 0207 2037 0071 0569 2061 0322 1178 2081 0304 1162 2049 0208 ADDRESS Kawasan Modern Cikande. Kab. Balaraja. Moh. Tangerang Ruko Bisnis Park Tangerang City Blok B/1.10/RW. 5954716-17. Melawi Jl. Cikupa.Yani 26. MEMPAWAH 1 Sungai Pinyuh 25. Panjaitan No. Jl. PONTIANAK 1 2 Gajah Mada A. TANGERANG III (MERDEKA) KC 0445 (021) 5528228. 21504. Gajah Mada Blok 259. Ds Talagasari. 82. Nanga Pinoh. Blok H. Kec. Pontianak Jl. 742775. Kota Tangerang.24. Bengkayan Jl. Sudirman dan Jl. Pontianak Jl.02 Kel. Tangerang Jalan Merdeka Nomor 110 C-G Propinsi Banten. Sungai Pinyuh. Sintang Jl. Perintis Kemerdekaan . Kec. TANGERANG BALARAJA KC 0437 (021) 5955015 1 Cikupa KCP 1184 (021) 59405201 30 TANGERANG CITY (TANGERANG II) KC 0438 (021) 55782520 (021) 55782521 31. 23 Singkawang Kalimantan Barat Komplek Pertokoan Jl. Ds. Babakan. 691072 (0561) 654452 (0561) 734009. Sekadau Jl. Adi Sucipto No. SANGGAU 1 2 Landak Sekadau 27.M. Ds Bumi Emas. Sekadau Hilir. Kalimantan Barat Pertokoan Balaraja Centre Blok A No. 780876. Taufik 29 Mempawah. Jl. P. 59. 1. A. Raya Sekadau . Tangerang. Kab Landak Jl. 21949 (0568) 22322 (0565) 2025517 (0534) 32091/92. 31195 (021) 5954714. Kecamatan karawaci. Jerenden AR.8-9. Kalimantan Barat Komplek Pertokoan Pasar Flamboyan. Sintang. Kec. SINGKAWANG 1 2 3 Bengkayang Pemangkat Sambas 23. Ketapang. Wirapati . Talagasari. KETAPANG 29. 634477 (0562) 441459 (0562) 243776 (0562) 392649 (0567) 21436. Kec. Pontianak. SINTANG 1 2 Melawi Sungai Durian 28. Hambal No. Jl Raya JAKARTA Km 68. 21020 (0561) 691067. 407 . 760945. Kalimantan Barat Jl. Kelurahan Pebuaran TELEPHONE (0254) 401242 (0562) 631653.

Jend. SUMEDANG 1 UNPAD Jatinangor 8. 4207977 (022) 4200350/2. 283718 (0233) 318431 (0264) 200120/1.227/C. 10. Kornel Singawinata No. PURWAKARTA 6. 222433. 772825. Cimahi Jl. Pacet-Cianjur Jl. Jl. 223734 (0261) 201556. 5444666 FACSIMILE (022) 432038 (Sekertariat). Cianjur Jl.6.8. Bandung Jl. 4200360.68 Jl. Pasir Kaliki No. 4200368 (Bag. INDRAMAYU 1 Patrol 4.59. Raya Cimahi No. 20123. R.A. Indramayu Jl KH Abdul Halim 286 Majalengka Jl KH Abdul Fatah No. CIREBON 12. KUNINGAN 15. CIMAHI 16. Tarogong Kidul Jl. Raya Patrol . Indramayu Jl. Asia Afrika No. Jl.57-59. 6 Kuningan Jl. A. 871125. 38. 334717 (0265) 455290 (0265) 771073. 85. Garut) Kec. Yani No. Jatinangor Jl. 4200352 (022) 6047038 (022) 4239960 (022) 6044575 (022) 6044858. 545609. Ruko AR-Rusyudu Kab. Raya Perjuangan Komp. Cirebon Jl. Kab. 201263. 235393 (0262) 2244500 (0262) 577977 (0234) 271364. Raya Cikajang Blok Pasar Tengah Kec. Singaparna 3. Jend. 4200348 (OPS). Bandung Gedung Menara BRI Lt. SINGAPARNA 408 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Ds. Cikeruh. Subang Jl Ahmad Yani No. 262210 (0263) 511031 (0231) 202085. Tasikmalaya. 87. Sukabumi Jl. Ciamis Jl. 261174. Tasikmalaya Jl. 545332.I. A. Bandung Jl Rajawali No 95 B. H. 4206356. CIAMIS 10 CIANJUR 1 Cipanas Ciawi 11. 204285 (0260) 413141/2. Otista No. Guntur.12 (Jl.116. 871264. Kartini No. 271397 (0234) 611864 (0233) 281307. 281479. Raya-Cipanas No.Log) (022) 4236710 (022) 4239142 (022) 6046595 (022) 4208523 (022) 6044104 (022) 6019602 (0262) 232013 (0262) 2244500 (0262) 577977 (0234) 272322 (0234) 611864 (0233) 282279 (0233) 318432 (0264) 206535 (0266) 223830 (0261) 201884 (022) 7791202 (0265) 334446 (0265) 455290 (0265) 771219 (0263) 265542 (0263) 511506 (0231) 208470 (0260) 413230 (0232) 871126 (022) 6652724 (0265) 545820 0005 0675 0673 1070 1071 0025 1345 1346 0028 0599 0046 1108 0075 0092 0094 0598 0100 1437 0104 0105 0517 0107 0123 0133 0137 0161 Jl. 148. Sukra. 774450 (0263) 261237. . 6044109 (0262) 232318. Raya Timur No. Ir. 283891. 772469. Kec. TASIKMALAYA 1 9. SUKABUMI 7. 34. GARUT 1 2 Guntur Cikajang Rajawali Pasir Kaliki Cijerah Cimindi TYPE OF OUTLET KW KANINS KC KCP KCP KCP KCP KC KCP KCP KC KCP KC KCP KC KC KC KCP KC KCP KC KC KCP KC KC KC KC KC BRAND CODE 0198 ADDRESS Jl Asia Afrika No. SUBANG 14. Prabu Geusan Ulun No. D. Cimahi Jl Amr Machmur No. 413228/9. 194.Adi Sucipto No. Raya Jatinangor No. 6651728 (0265) 545821. 263843. Garut Kompleks Ruko IBC Blok A. 598. 166. 6044108.4. Yani No. BANDUNG ASIA AFRIKA 1 2 3 4 2. Asia Afrika 57 . Sumedang Jl. Panjaitan No. Cikajang Jl. 281207. Ikik Wiradikarta 7. Bandung TELEPHONE (022) 4200356 (hunting) (022) 4200363. 59 Cikijing Kab Majalengka Jl. 420264/5 (0232) 871449. 200186 (0266) 240024. Juanda No. 57-59. 875977 (022) 6654579. 222087. 65. 207401 (022) 7791202 (0265) 330619. MAJALENGKA 1 Abdul Fatah KH 5.OUTLET BANDUNG BANDUNG 1. R. 150 Bandung Jl Cijerah No. Cimahi Jl. Kol.

12 Bandung Jl. JATIBARANG 19. Siliwangi No. BANJAR 1 Pangandaran TYPE OF OUTLET KC KCP KC KC KCP KC KCP KCP KCP KCP KC KC KC KC KCP KCP KCP KC KCP KCP KC KCP KCP KC KCP KCP KCP KC KCP BRAND CODE 0162 0542 0165 0181 0543 0286 0650 0674 1077 0656 0337 0354 0355 0389 1141 2105 2104 0401 2103 0600 0407 1107 2058 0408 2000 0655 1004 0405 0593 ADDRESS Jl. 1 Banjar Jl. Ciamis No.H. 7307665 (022) 87242787 (022) 42224668 (022) 5403553 (022) 72237922 (022) 6046043. BANDUNG AHMAD YANI 1 2 3 Simpang Buah Batu Suci Riau 25. Bandung JL Otto Iskandardinata No 77 Bandung Jl. 4240240. Bandung Jl. 7. 531376. 4264330. 4215066 (022) 7800048.A Cibadak Jl. 351470. Soekarno Hatta. Jl. Dokter Setiabudhi No. 93. 409 . 4215324/5 (022) 6044487. 106 -110 Bandung Komplek Gedung Merlin Blok Bihbul.39 JL. Bandung Ruko Grand Surapati Core Blok B No7 Jl. 551223 (022) 7270277 (022) 7323107. Juanda (Dago) No. Dayang Sumbi No. 42009480 (022) 6128356.186. Bandung AH NASUTION 23.436438. Bandung Jl.170 F-G.33. 531810 (0266) 433625 (022) 4203666. Sukabumi Jl. 553567. Pangandaran Jl. 354406 (0266) 533345 (0266) 433626 (021) 4232486 (022) 6072581 (022) 4263620 (022) 6128337 (022) 6808032 (022) 4236417 (022) 7803948 (0260) 550480 (022) 7270421 (022) 7323107 (022) 87242787 (022) 4213876 (022) 5414245 (022) 6046044 (022) 7560564 (022) 7536379 (022) 7502039 (022) 2032086 (022) 2039184 (022) 2016222 (022) 2789358 (022) 2503595 (022) 2508544 18.34A Bandung Jl. Bandung Jl Buah Batu No. 6123007 (022) 4263419. Ir.P. Naripan 93. BANDUNG SETIABUDI 1 2 3 Cihampelas Setra Sari Lembang 28. Raya Lembang No. BANDUNG KOPO 1 2 Cibaduyut Pasar Caringin (Sumber Sari) 26. 7803140/1 (0260) 551348/9. Bandung jl.Surya Sumantri No. Jatibarang Jl Siliwangi No. 351270. 630147 (0234) 351062. BANDUNG SOEKARNO HATTA 1 2 Metro Trade Center Batununggal 27. 351550 (0266) 531106.H.168 Bandung Jl. CIBADAK 1 Pelabuhan Ratu 20 BANDUNG DEWI SARTIKA 1 2 3 4 Astana Anyar Pasar Baru Peta Bandung Padalarang 21.31. 2016222 (022) 2789387 (022) 2532024 (022) 2508531. RE Martadinata No. 4231532. Bandung Jl Ujung Berung No. Mustofa No. 6128397 (022) 6807882 (022) 4231564. Bandung Jl. 162.Merdeka No.147. Bandung TELEPHONE (0265) 741811/2/3 (0265) 630036. Bandung Jl Cihampelas no. 4207335.130 B Jl. Soekarno Hatta No. H. 2508486 FACSIMILE (0265) 741810 (0265) 630036 (0234) 351550.35 Pelabuhan Ratu. 3.483 Padalarang Jl.OUTLET 17.104. Batununggal Indah No. Peta No. 52 Pamanukan Jl Ahmad Yani no. Bandung Jl. Bandung Jl Soekarno Hatta Blok F no. 6046044 (022) 7569007 (022) 70633500 (022) 7502039 (022) 2032046/56 (022) 2042338 (022) 2020896.316.538. Astana Anyar No. Dewi Sartika No.140 Bandung l Ian Marta Sasmita No.Raya Padalarang No. Bandung Kampus ITB.1-3. Siliwangi No. Cibaduyut No. Bandung Pertokoan Sumber Sari No.276. BANDUNG NARIPAN 22. BANDUNG DAGO 1 ITB ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Lembang Jl. PAMANUKAN 24.

Teuku Umar No. S. kec. Dukuh Tengah. No. Jepara Jl. Pangeran Diponegoro No:93. Brebes Jl. Parman. Jend. Raya No. 8440729.Gading Tetuka Rt. Grobogan 2 3. .Kauman. Purwodadi Jl MT Haryono no 34. PEKALONGAN 1 2 3 Wiradesa Kedung Wuni Kajen 9. 36. Sumber. 531614 (0283) 671760/1. Wiradesa.Raya Wiradesa No. Supratman No. 424112. DEMAK 4. Bandung. 6. Ketanggungan. Raya Plered No. Cirebon Jl. 593969 (0291) 772092 (0294) 381100.03.1. Utama Tengah No. 321428 (0284) 584360 (0292) 424913/14. 321646. Raya Mandurejo No. gubug. Kel. 24 Semarang Jl.31.112. BREBES 1 Jatibarang KC KW KANINS KC KC KCP 0544 0196 (022) 5896176 (024) 8440728. Cirebon Jl. 672661 (0283) 6183226 (022) 5897020 (024) 84473154. PKPRI (PKPN) Jl. 431868 (0291)4244305 (0295) 381949.OUTLET 29. 8440730. Pekalongan Jl. JEPARA 1 Ketanggungan KCP KC KC 1061 0016 0022 0611 0034 0548 0038 1314 0066 0546 0068 0549 0613 2028 0069 2068 0076 1075 (0283) 881061 (0291) 685900/1/3. Randudongkal Jl.03 Rw. Pemuda No. Weleri. Teuku Umar No. Pemuda 101. Kec. Dewi Sartika No. CIREBON GUNUNG JATI 1 2 3 Weru Sumber Ciledug TYPE OF OUTLET KC KCP KCP KCP BRAND CODE 0406 0601 1078 2128 ADDRESS Jl. Pabuaran Wetan. 194. Raya Jatibarang No: 80. Weru. Pekalongan Jl. Cirebon Jl. 8318463 (024) 8318436 (0296) 31017 (0283) 672664 (0283) 6183226 0010 0014 0676 Jl. PATI 1 Juwana Menara Kudus Weleri KCP KC KCP KC KCP KCP KCP KC KCP KC KCP 8. 533186. Kab. Dr. Sudirman No. 1. 4417443 (0285) 785900 (0285) 381040 (0284) 321016. Sudirman. 24 Semarang TELEPHONE (0231) 220032 (0231) 322715 (0231) 8330544 (0231) 663583 FACSIMILE (0231) 211714 (0231) 322716 (0231) 8330544 (0231) 663584 30 SOREANG SEMARANG SEMARANG 1. Pati Jl. 154. Kendal jl Jend Sudirman No 66 Kudus Jl Sunan Kudus 185. Raya Kedung Wuni No. P. KS. Wachidin No. P. Kab. 421848. Kab. 222. 381764/65/66. Pekalongan Jl. 422751. Sorang. Cirebon Jl. Sudirman Timur No. 84-A. 384124 (0294) 642588 (0291) 432060. Pekalongan Jl. Kesambi. Brebes Jl. 121 Kec. Demak Gd. Ds Jatibarang Lor. Jend. KUDUS 1 7. 432086. Jepara Jl. Tubun No. 2. 591404. Brebes Jl. 3 Jl. Pertokoan Plaza Juwana No. 84418146 (024) 8311110 (0296) 531210. PURWODADI 1 Gubug 410 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 381851 (0295) 472303 (0285) 421041.R. BLORA 2. KENDAL 1 6. 86393 (0291) 591026. Pemalang Jl.422886 (0285) 4417254. Kesambi No. Raya Bangsi. 18. 424912 (0292) 5135418 (0283) 881622 (0291) 685105 (0291) 591505 (0291) 772092 (0294) 381767 (0294) 642588 (0291) 436268 (0291) 4244305 (0295) 381676 (0295) 474466 (0285) 424318 (0285) 4417252 (0285) 785902 (0285) 381230 (0284) 321397 (0284) 584360 (0292) 421241 (0292) 5135428 Bangsri KCP KC KCP KC 5. Kendal Jl.58A. W. Kajen. Sultan Patah 676. Blora Jl. Jawa Barat Jl. 531944. Kc. Kudus Jl. Sudirman. 125-126 Kedungwuni. PEMALANG 1 Randudongkal 10.

6734421 (024) 6708939 (024) 76744280 (024) 76745461 (024) 76745635 (024) 3584830 (0283) 492494 (024) 6734420 (024) 6714692 (024) 76744215 (024) 76745461 (024) 76745635 22. Desa Wirosari. 75. Raya Kedungmundu Raya No. Rembang Jl.OUTLET 2 Wirosari TYPE OF OUTLET KCP KC KC KC BRAND CODE 2095 0081 0083 0101 0545 0142 0608 0156 0190 0215 0325 0610 0515 0677 1058 0327 0513 0609 1110 ADDRESS Jl. 8414349 (024) 7604065 (024) 7460460 (024) 3510876 (024) 7613970 (024) 6924475. Semarang Jl.10. 7. 411 . TEGAL 1 Adiwerna KCP KC KCP KC KC KC KC KCP KCP KCP KCP KC KCP KC KCP 14. P. P.11. Semarang Jl. 382. 3545017 (0283) 358912/3/4/5 (0283) 444872. Watugong. Wirosari. 6923303 (024) 591150. Lasem JL Dipenegoro No 1 Batang Jl. 75 Semarang Jl. Cepu Jl Pandanaran No.68. 421505 (024) 8412418.A. Tegal Jl. BUMIAYU 17. Gatot Su-broto No.31. Ds Banjaran. Raya Utara No. 691622. 326356. Sudirman No. 692373 (0295) 531234 (0285) 391047. Ambarawa Jl A Yani 169. 391532 (0289) 432250/1/2. Semarang Jl.YANI 1 Metro Plaza 2 Diponegoro KCP 1006 (024) 7475806 (024) 7475806 3 21. Kec. SEMARANG PANDANARAN 1 2 3 4 Karangayu Watugong Piere Tendean Hamka 19. SLAWI Kranggan KCP KC KC KCP KCP KCP KCP 1109 0661 0435 0678 1138 1007 2096 (024) 3563272 (0283) 491395. 103. Kel. Hamka. Grobogan Jl. 445728 (0295) 691133. Kec. 3. SALATIGA 12. 9.Raya Banjaran.Semarang Pertokoan Metro Plaza Blok A. Ngaliyan. 8411918. Bumiayu Jl. 25.. REMBANG 1 Lasem 15. Semarang Jl. 592715 (024) 8416790/91 (024) 8313571 FACSIMILE (0292) 761557 (0298) 323640 (024) 3546115 (0283) 356302 (0283) 444872 (0295) 691853 (0295) 531234 (0285) 392214 (0289) 432025 (0296) 423410 (024) 8413367. Ruko no. 6921675. 174. Kapten Piere Tendean No. Gajah Raya No. 124. Kel. 36. Pancasila No. Semarang Komplek Kodam IV Diponegoro. Sudirman No. 323876 (024) 3585441. CEPU 18. BATANG 16. Desa Slawi Wetan Jl. Semarang TELEPHONE (0292) 761557 (0298) 326890. Diponegoro III/2. SEMARANG PATIMURA 13. Penggaron. Adiwerna. Semarang Jl. P. Blok B1. Semarang Jl. 8450459 (024) 7604065 (024) 7460460 (024) 3510876 (024) 7626171 (024) 921104 (024) 592715 (024) 8313287 (024) 8417853 11. 150. Jend. Dr. Diponegoro No. Genuk. Ungaran Jl. Dr. UNGARAN 1 Ambarawa 20. 492770 (024) 6709917. 421160/61.6 jln Setiabudi no 119-B. Kusumabangsa No. Semarang Jl. Sutomo No.161. Jl MT Haryono 970 Semarang Komplek PertokoanPlaza Setiabudi. Semarang Jl. SEMARANG A. 4324425 (0296) 421363. 6921075. 327230. 77. Pattimura 2-4. Prof. Raya Lasem No. Kec. Gayamsari. Jend. Kec. Semarang Jl Tlogosari Raya 1 no. BRIGJEN SUDIARTO 1 2 3 4 Mojopahit Tlogosari Kedungmundu Gajah ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Diponegoro No. Brigjen Sudiarto Km. Siwalan. 42. Semarang Jl Gang Pinggir Np. Tegal Jl. Majapahit No. 391516. 491885. Salatiga Jl.

Jend. 7000419 FACSIMILE (0274) 514166. 897467 (0272) 551169 (0281) 891577. 561935 (0274) 520136 (0274) 4332615. Kec. Kolonel Sugiri No. Cik Ditiro No. Kab. Pemuda Selatan No. 621438 (0287) 381005. 4332688 (0274) 622480 (0274) 622480 (0274) 621437. 891054. Yogya Jl.102. 584882 (0274) 550605 (0282) 591639 (0274) 512110 (0274) 4332688 (0274) 622410 (0274) 622410 (0274) 621438 (0287) 381555 (0272) 321425 (0272) 897467 (0272) 551169 (0281) 891892 (0281) 758695 (0275) 321973 (0271) 641381 (0271) 646041 (0271) 7373872 (0271) 856780 (0293) 492139 (0282) 533215 (0282) 494214 (0286) 322258 (0286) 3329529 (0287) 471539 (0275) 641044 (0271) 892810 (0271) 6811469 0004 0029 0514 1111 1055 1008 2099 0032 0035 0612 2055 0074 2034 0078 0097 1065 1299 2098 0102 0106 0547 0112 1379 0134 0136 0140 0559 Jl Pemuda No 70 Banjarnegara Jl. . Mojosongo. 520272. PURWOREJO 9. Jend. Sragen Jl. 6410355. Jend. Gemolong. BANJARNEGARA 2. Laweyan. 29. Surakarta Jl.Solo Rt. 24. Sudirman 60. KUTOARJO 15. 891395. Kyai Mojo No. Raya Pedan No. 214 A. 562707. 321728/9. 492101 (0286) 321190. 322330. 520268. 325655. CILACAP 1 Kroya 12. 1. Urip Sumoharjo No.5. A. Raya Klaten . Pedan. Kutoarjo Jl. 491491 (0282) 533422. 591122 (0274) 520261/2. Yani No. 321824. 892002 (0271) 7003001.33.118. Kab.OUTLET YOGYAKARTA YOGYAKARTA 1. Surakarta Jl. Gombong Jl. Klaten Jl. Sudirman No. Wirobrajan. 114. Parman 107. PURBALINGGA 1 Bobotsari 8. 321702 (0286) 3329529 (0287) 471162/3. 895341. 17.3. Temanggung Jl. Yogyakarta Jl Gedungkuning 172 C. Wonosobo Jl. Purbalingga Jl. May. KLATEN 1 2 Pedan Delanggu KCP KCP KC KCP KC KC KCP KCP KCP KC KC KCP KC KCP KC KC KC KCP 6. 321025. 758695 (0275) 325459. Jend. Klaten Jl.3. KEBUMEN 4. Jend. Kec. Yani No. Yogyakarta Jl. Sudirman No. 520270. Surakarta Jl. 67. Jl.001 Rw. 1.3. GOMBONG 14. Klaten Jl. Yogyakarta Jl Raya Seturan Caturtunggal. 642069 (0271) 646041 (0271) 737372 (0271) 856780 (0293) 491783. Purbalingga Jl. Yogyakarta Jl. Raya Kertek. YOGYA CIK DITIRO 1 2 3 4 5 Bethesda Seturan Plaza Godean Gedong Kuning Wirobrajan TYPE OF OUTLET KW KANINS KC KC KCP KCP KCP KCP KCP KC KC BRAND CODE 0197 ADDRESS Jl Cik Ditiro No. Dr. SURAKARTA SUDIRMAN 1 2 3 Urip Sumoharjo Jongke Mojosongo 10. A. 512406. Purworejo Jl. 208. Sabrang. 533015 (0282) 492100. Sudirman No. 70. Cilacap Jl.123 Solo Jl. 561403 (0274) 550604 (0282) 591024. Jayawijaya No. Kroya. 520269. Yani No. Rajiman No. Sukowati 191. 641138. Bobotsari. Depok Jl. Sragen 3. Jend. S. WONOSOBO 1 Kertek 13. Lt. Jend. 891458. Pahlawan No. Yogyakarta TELEPHONE (0274) 510850. 641646 (0271) 891458. Yos Sudarso No.3 Yogyakarta Jl. HOS Cokroaminoto 77. 891892 (0281) 758099. A. 1A. 641369. Kertek. TEMANGGUNG 11. 584883. SRAGEN 1 Gemolong 412 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 471087 (0275) 642177. Sudirman No. 322738 (0272) 897986.Jend. 381247 (0272) 321859. Cik Ditiro No. Kebumen 31247 Jl. 321403 (0271) 646821.634A.007. Sukowati No. Wonosobo Jl. Delanggu. 520917.

321120 (0276) 3294881 (0271) 593093.Katam-so No. Kec.45.OUTLET 2 Sragen Kota TYPE OF OUTLET KCP KC KCP KC KC KC KC KCP KC KCP KC KCP KC KCP KC KC KC KCP KCP KC KC KC KCP KCP KCP KC KC KCP KC BRAND CODE 2110 0149 0512 0151 0152 0153 0158 ADDRESS Jl. 593130 (0271) 7687424. Kec Manahan. 15 Parakan Jl. SOLO S. RIADI 1 2 3 Pasar Kliwon Manahan Nusukan 30. WONOSARI 20.7. WONOGIRI 1 Jatisrono 21. Pandanaran 154. 236. BOYOLALI 1 Pasar Simo 0173 1320 0511 2097 0185 0679 0236 0245 0247 1056 2033 0251 0262 0334 1064 1296 1297 0409 0182 1063 0410 Jl. Banjarsari.15. Wates Jl Pramuka No. 774333 (0274) 391073. 2. KARANG ANYAR 1 Palur 17. 1315. 5725448/9 (0274) 773146.A Yani No. Gunungkidul Jl. Sragen Jl.01 Kec. 621360. Kapten Mulyadi Ruko Beteng Blok A No. Boyolali Simo Baru Desa Simo Rt. 321287 (0273) 411053 (0276) 321067.Brigjen. 586097 (0293) 596011. Palagan Tentara Pelajar No.640.1. PARAKAN 29.5 Depok. SOLO KARTASURA 1 Solo Baru 32. SLEMAN 1 2 Pasar Colombo Monjali 27. Proliman.21 Rw. Sleman Jl.Diponegoro 318. YOGYAKARTA ADISUCIPTO ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.03. Yani Ruko Blok A3 Ngepos. 376335 (0274) 868418.1. Majenang Jl Jend Sudirman No 222. Kaliurang Km. Karanganyar Jl. 553048 FACSIMILE (0271) 894454 (0271) 494275 (0271) 825565 (0281) 571544 (0274) 773671 (0274) 392045 (0273) 321496 (0276) 322197 (0276) 3294881 (0271) 593130 (0271) 7687424 (0280) 621496 (0280) 523316 (0274) 367122 (0274) 387949 (0274) 868826 (0274) 884657 (0274) 885773 (0293) 587444 (0293) 596086 (0271) 716774 (0271) 657485 (0271) 741901 (0271) 719044 (0274) 624215 (0271) 780805 (0271)622808 (0274) 553552 16. 868938 (0274) 884658 (0274) 885773 (0293) 586658. Yogya Jl. Mlati. Bhayangkara No.01 Rw. Simo. 780807 (0271)620119 (0274) 553337. Kol. Muntilan Jl Kosasih No. Jl. Ngringo. 391. A. 391472. Raya Wonogiri-Ponorogo.5. 868406. 825565 (0281) 571543/4.157. Cilacap Jl Jend Sudirman No 3 Bantul Jl. Surakarta jl. Jaten. 368244. 6. 391119. Pemuda No. Magelang. BANTUL 25. Boyolali Jl. Ngaglik. Sidareja. MUNTILAN 28. 587380. Sleman Jl. Sukoharjo Jl. 780074. 1. 782777. Laksda Adisucipto No. Yogyakarta 22. 621145 (0280) 524162 (0274) 367074. MAJENANG 1 Sidareja 24. 596794. Karanganyar Jl. Kartasura . 894199 (0271) 495383. Wonosari.Raya Solo Baru Permai CA 51 Pasific Building Ground Floor. WATES 19.Kartosuro JL. 7687425 (0280) 621069. 6 Pandansari. Wonogiri Jl. Ajibarang Jl. 367590 (0274) 372721/6/8/9. YOGYAKARTA MLATI 31. SUKOHARJO 1 Simpang Kartosuro 23. 598688 (0271) 718346. Lawu Barat No. Slamet Riyadi No. 394193 (0273) 321044. Sukoharjo Jl. 413 . Surakarta Jl. Raya Plur Km. Raya Sukowati No. Ajibarang Wetan No. Rt. AJIBARANG 18. YOGYA KATAMSO 26. 18. Slamet Riyadi No.243. 624338 (0271) 780806. Yogyakarta JL. Kabupaten No. Surakarta Jl Kapt Tendean 68. 495388 (0271) 827571. Surakarta Jl AdiSucipto 20 B. Sugiyono No. 323473. Jatisrono TELEPHONE (0271) 892747. 553046. 773340. 718323 (0271) 657578 (0271) 741901 (0271) 719044 (0274) 624416. Sleman Jl.

664821. Jokotole No. 3551045. Mojokerto Jl. A. . Yani No. 236. 3095520. Basuki Rachmat No. SAMPANG 9. Trunojoyo No. 83. SUMENEP 11.9B. Gresik Jl Raya Driyorejo No. 6. Jend. BANGKALAN 2. Veteran No. 321485 (0323) 321085. SURABAYA KALIASIN 13. 457000 (0321) 322442 (0321) 594960/61 (0321) 383227 (0324) 322853. 321095. 322693. Kec Gedangan sidoarjo Ruko Wadung Asri. 25-27 Surabaya Komp Pertokoan Jembatan Merah Plaza II lT. Sudirman 89. Surabaya Jl. Sidoarjo Komp Pertokoan Gateway Aloha Blok B-07. P. 64. JOMBANG 1 Mojoagung 5. Panjaitan No. 169 171. Sumenep Jl.OUTLET SURABAYA SURABAYA 1. Masjid No. 5345771 (031) 5474059 (031) 5473609 (031) 5459924 (031) 3531219. Surabaya Jl. Mojopahit No. 3540275 (031) 3555563 FACSIMILE (031) 5324033. 663282. Pamekasan Jl. 24. 5350573. 321477. GRESIK 1 2 Driyorejo Gresik Kota TYPE OF OUTLET KW KANINS KC KC KC KCP KCP KC KCP KC KCP KC KCP KCP KC KC KC KCP KCP KCP KC KC KC KC KCP KCP KC KCP BRAND CODE 0146 ADDRESS Jl Jend Basuki Rahmat No.122-138 Gedung BRI Tower LT 20. SIDOARJO 1 3 4 Aloha Pondok Candra Sepanjang 10.1-2 Surabaya 4. 180 Gresik Komplek Kartini Building.103. Surabaya Jl. Lamongan Jl Raya Babat No. Sidoarjo Jl. Jombang Jl. 138 Surabaya Jl. Jl Basuki Rahmat No. Jl Raya Waru. 321049 (031) 5320736. 8438728 (031) 3095049. 135-A. TUBAN 12. 5324044 (031) 8439238 (031) 3097123 (0353) 884979 (031) 3983298 (031)7508208 (031) 3978612 (0321) 862758 (0321) 862758 (0322) 323222 (0322) 457669 (0321) 323642 (0321) 594961 (0321) 383392 (0324) 324064 (0323) 322544 (031) 8941065 (031) 8554629 (031) 8888176 (031) 7871776 (0328) 662682 (0356) 791691 (031) 5320738 (031) 5475277 (031) 5473609 (031) 5475748 (031) 3540581 (031) 3551953 0006 0011 0026 0682 1199 0023 0585 0041 0683 0055 0586 2118 0061 0148 0086 0684 1160 1159 0095 0109 0096 0211 2021 2031 0172 0662 Jl Let Singosastro No 1 Bangkalan Madura Jl. Genteng Besar No. 35. 8438850. Wahid Hasyim No. D. Wahid Hasyim No 116 Jombang Jl. Mojosari. Mojokerto Jl. 3099088. 5320757. Gresik Jl.H. 323483 (031) 8921010 (031) 8554627 (031) 8888174 (031) 7871776 (0328) 662717. K. Pahlawan 39-41. Bubutan No. Yani No. Bojonegoro Jl. Jend A. 3094078. 3095273. jln Kartini. LAMONGAN 1 Babat 6. SURABAYA PAHLAWAN 1 2 Bubutan Genteng Kali 14. Jl. Raya Wadung Asri. 327328.H. Sidoarjo Komplek Ruko Taman no 58. Bhayangkaran No. Sampang Jl. K. 86. 378.26.I. 323079. BOJONEGORO 3. 662682 (0356) 321739. Tuban Gedung Plasa BRI. SURABAYA RAJAWALI 1 Jembatan Merah Plaza 414 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Tegalsari Jl Rajawali No. 5341448. 15. 3098052 (0353) 881307 (031) 3981575 (031)7508240 (031) 3978612 (0321) 861041 (0321) 495362 (0322) 323223 (0322) 457669. MOJOKERTO 1 2 Mojosari Mojokerto 7. Mojokerjo Jl. Raya Mojoagung No. Surabaya TELEPHONE (031) 5324230 (031) 8438993. 227 Lamongan Jl. Dasae B. PAMEKASAN 8.

Surabaya Komp. Surabaya Jl. SURABAYA KUSUMA BANGSA 1 2 3 Kampus UNAIR Gubeng Klampis 17.115 E. Kalibutuh No. Suko Manunggal. Surabaya Jl. Yani 2 3 Rungkut Margorejo KCP KCP KC KCP KCP 0519 2029 1156 1158 2094 (031) 8709265 (031) 8473206 (031) 5676740. Krian. Kapasan No. Sukomanunggal Jl. SURABAYA KERTAJAYA 20. 23-B. Surabaya Ruko Klampis Jaya 31B. 41. 415 . Surabaya JL Kusuma Bangsa No. PERAK 1 2 3 Manukan Pasar Turi Kalibutuh 16. 5021615. 78 B jln Nyamplungan no 135-137. 122 Surabaya Jl. Margorejo Indah No. jln Bukit Darmo Boulevard. KRIAN Mayjen Sungkono KCP KC 2044 0553 (031) 5610627 (031) 8976144 (031) 5610627 (031) 8976133 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Ruko Sutorejo Prima Indah No. KAPAS KRAMPUNG 1 2 3 Kapasan Mulyosari Ampel 19. HR. Ry. 7329714 (031) 7326444 (031) 7671134 (031) 7320485. SURABAYA TJ. 5019144.1-2 Jl.105. Jl. Surabaya Komp.82-84. Surabaya Jl Karimunjawa no 11.101 Ruko Rich Palace Blok R. Mayjend Sungkono. MUHAMMAD 1 2 3 Pakuwon Wiyung Darmo Satelit 18.25 Jl. Surabaya Satelit Town Square A. Surabaya Ruko Pondok Indah Wiyung blok A6. Surabaya Jl HR Muhamad Kav. Surabaya Jl. 5021803. Diponegoro no 174.7. Surabaya Jl semarang no.Kc. 69 AB Surabaya Jl Jemur Andayani No. 103. RMI G-6. Kedung Doro no 67. Perak barat No. Surabaya Jl. Surabaya Jl. Kapas Krampung no 200200A. SURABAYA DIPONEGORO 1 2 Kedung Doro Unitomo 3 22. JEMURSARI 1 A.Pertokoan Rungkut Megah Blok D No. Kertajaya No. Manukan Tama Blok 2-H No. 5616915 (031) 5313114 (031) 5992298 (031) 8794955 (031) 8473117 (031) 5676740 (031) 5318243 (031) 5992298 21. Surabaya Jl. Jemur Andayani No. Sidoarjo TELEPHONE (031) 5054033 (031) 3291927 (031) 7458688 (031) 5342860 (031) 5323593 (031) 5344495 (031) 5039995 (031) 5033803 (031) 5911260 (031) 7382090. 7320486 (031) 5011487 (031) 3710245 (031) 5964564 (031) 3555351 (031) 5018734. 5021833.25 B Surabaya Jl. B16. Surabaya Jl. 357-375 Surabaya Jl. 16. Surabaya Ruko Manyar Garden Kav. Darmawangsa Dalam No.23. Surabaya Jl. Raya Imam Bonjol 37. 5021821 (031) 8483777. 69 Surabaya / Ngagel Jaya Selatan. Jl.5.Rungkut No.Nyinden Semoluwaru No. 8410040 (031) 8477362 FACSIMILE (031) 5054033 (031) 3295115 (031) 7411190 (031) 5347089 (031) 5323593 (031) 5350320 (031) 5015776 (031) 5023632 (031) 5911256 (031) 7341860 (031) 7326444 (031) 7671276 (031) 7320486 (031) 5011487 (031) 3710245 (031) 5965313 (031) 3558370 (031) 5019122 (031) 8410024 (031) 8477361 15. Surabaya Ruko Office Park I.OUTLET 2 Pucang TYPE OF OUTLET KCP KC KCP KCP KCP KC KCP KCP KCP KC KCP KCP KCP KC KCP KCP KCP KC KC KCP BRAND CODE 1155 0328 0583 1137 2032 0360 0580 1050 1197 0584 1198 1157 2030 0394 2017 0587 1051 0411 0412 0576 ADDRESS Jl Pucang Anom Timur No.

Yani No. 421444. 399523 FACSIMILE (0341) 474944. 2. Jend. NGAWI 11. Madiun Jl. Blitar Jl Bromo No. MAGETAN 9.23. K. A.31. Jember Jl. 675273 (0342) 801846. Soekarno-Hatta No. Malang 2. 352261. 425994 (0331) 483258. Banyuwangi Kec. Raya Wonorejo. LUMAJANG 16. Jember Jl. Yani No. Situbondo Jl. Diponegoro No. SITUBONDO 5. A. 28. Raya Supriadi No.OUTLET MALANG MALANG 1. 889999 (0341) 327666. Jend. Yani No. Panglima Sudirman No. PONOROGO 13. Caruban Jl. 123. KEDIRI 1 2 Doho Pare Wlingi KCP KC KCP KCP KC KCP KCP KC KC KCP KC KC KC KC KC KCP KC KC KCP 7. MADIUN 1 2 Caruban Dolopo 8. 424162. Pare. 474935 (0341) 351633 (0333) 424616 (0333) 847956 (0333) 636401 (0333) 596101 (0332) 421444 (0331) 486484 (0331) 883344 (0338) 673356 (0342) 804174 (0342) 5696360 (0354) 771322 (0354) 696858 (0354) 398534 (0351) 462406 (0351) 384533 (0351) 367154 (0351) 892456 (0358) 323404 (0358) 556489 (0351) 748140 (0357) 884153 (0352) 484265 (0355) 792532 (0355) 323072 (0355) 395671 (0334) 881054 (0341) 328106 (0341) 399523 0007 0577 0581 0680 0013 0021 1161 0090 0009 0681 0033 0508 0555 0045 0552 2109 0049 0056 2050 0057 0067 0070 0177 0110 2065 0044 0051 0516 Jl Jend A. 55. 106-107. Bromo No. Raya No. Mangunsarkoro No. Bondowoso Jl. 5. JEMBER 1 AMBULU 4. Banyuwangi Jl.87. Yani No. Yani No. 18. BANYUWANGI 1 2 3 Genteng Rogojampi Muncar TYPE OF OUTLET KW KANINS KC KCP KCP KCP KC KC KCP KC KC BRAND CODE 0854 ADDRESS Ruko De Panorama Square Kav. Adil Makmur No. Yani No 12 Banyuwangi Komp. Ruko Pasar Genteng Blok C Jl. Brawijaya No. 362217 (0341) 399850/51.J. Nganjuk Jl. 1. 34. 40 Blok A 1-2. 802325. 3 Nganjuk Jl. Magetan Jl. Tulungagung Kecamatan Ngunut. A. 352262 (0333) 424888. PACITAN 12. Dolopo. 35-37. 323070/75 (0355) 395671 (0334) 881287. . Manggar No. 123. Kepanjen. 486983 (0331) 883344 (0338) 674111. Madiun Jl. K. Tulungagung Jl. 421808. 20-22. 801234. Ahmad Yani No. Tembarak. Trenggalek 66316 Jl. A.76. Kab Blitar Jl.A6-A7. 474945. Pacitan Jl.P. 323076. 412700. TULUNGAGUNG 1 Ngunut 15. Lumajang Jl. 4. MALANG KAWI 1 Kepanjen 416 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. A. Malang TELEPHONE (0341) 474949 (hunting) (0341) 351646. Jend. Kediri Jl. Kediri Jl. 50. Slamet A N0. Raya Rogojampi No. Kertosono. 801755 (0342) 5696361/62 (0354) 773307 (0354) 696860 (0354) 398535 (0351) 454133 (0351) 384533 (0351) 367154 (0351) 895309 (0358) 321690 (0358) 556487 (0351) 749525 (0357) 881020 (0352) 481271 (0355) 791691/2/3 (0355) 329328. Pahlawan No. BLITAR 1 6. Malang Jl. Jl. NGANJUK 1 Kertosono 10. A. A. Kawi No. Rogojampi. 847955 (0333) 636400 (0333) 590208 (0332) 427069. Ponorogo Jl. 427069 (0333) 846351. 328208. 22 Wlingi. Ngawi Jl. 2-B. Kab. Kec. Yani No. BONDOWOSO 3. P. Kediri Jl. Kec Ambulu. Muncar.Yani Malang Jl. Kel. 12. Panglima Sudirman 141. 421780. TRENGGALEK 14. Akhmad Yani No. 671279.

Kusuma Atmaja No. SUMBAWA BESAR 1 Taliwang ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. ENDE 3. RT. Pejanggik No. Kebonsari. 5-7.2. Suroyo No. 16. Denpasar Jl Sukarno No. 105. Mataram Jl. Malang Jl. 21940 (0372) 81764 FACSIMILE (0341) 590777 (0341) 423423 (0341) 875411 (0341) 800273 (0341) 363831 (0341) 575901 (0341) 827800 (0341) 326677 (0341) 352801 (0341) 574023 (0343) 425344 (0343) 637646 (0343) 744810 (0335) 421267 (0335) 843413 (0341) 487626 (0361)225402.03. Malang Jl. Singaraja Jl. 594779 (0341) 423540 (0341) 875410 (0341) 800272 (0341) 368681 (0341) 575952/53 (0341) 827434 (0341) 326677. SINGARAJA 1 Seririt 7. Raba Bima Jl. 21 Batu Jl. Malang Jl. 225402 (0361) 228817/8/9 (0381) 23286. 1. 225791 (0361) 225402 (0361)263715 (0381) 22870 (0380) 831373 (0370) 633084 (0370) 629352 (0370) 643953 (0374) 43723 (0362) 24576 (0362) 92419 (0371) 22632 (0372) 81724 17. DENPASAR GAJAH MADA 2. Turen. Dr. 24. 16 Ende Jl.21030. Malang Ruko Pattimura 10-11.22 RW.21020 (0380) 831010. 1. Galunggung No. Sutan Syahrir No. 30. 21980 (0362) 93302 (0371) 21006. Sumbawa Besar jl Sudirman no 37. 74. 633017 (0370) 629172. Seririt.36B. Kraksaan Jl. Laks. RT.DINATA 1 2 3 4 5 UNIBRAW Turen Pasar Besar Rampal Galunggung 18. Pahlawan Sunaryo No. Pandaan. 833353. 270. RABA BIMA 6. Malang Jl. Letjen Sutoyo No. Gondanglegi. M.11 RW.T. MALANG M. Raya Thamrin Blok AJ-1 Jl Trunojoyo. Sumbawa 5. 833481. 594782. Mataram Jl. Malang Jl. Raya Panglima Sudirman No. 264858. Denpasar Jl. Pejanggik No. Ngurah Rai No. MATARAM 1 2 Cakranegara Sri Wijaya 0017 0024 0039 0052 1062 2070 0079 0088 0574 0093 1066 Jl. 43122. 638379. Sukun. Wahidin No. 42997 (0362) 23432. 123. 417 . PASURUAN 1 2 Pandaan Bangil 19. 833788. Haryono. Plaza Suropati Blok A No. Malang Jl. 324144 (0341) 352802 (0341) 571565 (0343) 426621 (0343) 631100 (0343) 743900 (0335) 422140 (0335) 843456 (0341) 482599 (0361)236231 (0361) 244174. Sukarno No.6. Mataram Jl.58 I-J.21615. Hayam Wuruk No. Gajah Mada No. Sriwijaya. KUPANG 4. PROBOLINGGO 1 Kraksaan 20. Probolinggo Jl. 18 Kupang Jl. Panglima Sudirman No.02. Taliwang. 4. Bangli Jl. 833463 (0370) 631318. 16. Dr. Denpasar TELEPHONE (0341) 590777. Pasuruan Komp. 629272 (0370) 643969 (0374) 43352. Pasuruhan Jl. Pintu Gerbang No. Pertokoan No. 8. Sudirman 30 A. Komp.OUTLET 2 3 4 5 Batu Lawang Gondanglegi Sukun TYPE OF OUTLET KCP KCP KCP KCP KC KCP KCP KCP KCP KCP KC KCP KCP KC KCP KC KW KANINS KC KC KC KC KCP KCP KC KC KCP KC KCP BRAND CODE 0551 0554 1174 1175 0344 0579 0589 2001 2067 2066 0065 0518 0550 0073 0582 0429 0203 ADDRESS JL Panglima Sudirman No. 81. 234796. Pahlawan No. Malang Jl. Singaraja Jl. Jl. 13. MALANG BLIMBING DENPASAR DENPASAR 1. Martadinata No. Malang Jl Sudanco Supriyadi. Kec Cakranegara. Pattimura.

Raya Tuban No. 1 Kamp Kota Baru Bangli Jl. Piere Tendean No. Gunung Semeru No. SEMARAPURA 9. 92 SELONG Jl. 30. 21346 (0386) 21584. Dompu Jl. Yos Sudarso NO. . S O E 26. Kab. Kab. Atambua Jl. ATAMBUA 21. Gajah Mada No. 21024 (0373) 21147. 41890 (0387) 61030. 21841 (0383) 21788. 21764. M. 21040. 21805. MAUMERE 10. 13. RUTENG 1 Labuan Bajo 23. 22130. KEFAMENANU 25. KUTA 1 Marlboro Dps. LARANTUKA 1 Lewoleba KCP 0685 (0383) 41641 19. 21461. Kel Lewoleba Utara. Diponegoro 220. 8533782 (0361) 810982. 21328. 34. Hatta No. 21506. Kec Nubatukan. 61921 (0376) 21242. 25 Ruteng Jl.Watu Renggong No. Semarapura Jl. 31020. SELONG 14. Mayjen. 21053. Denpasar Jl. 22210.38E. 41474 (0384) 21362. 21026 (0383) 21053. Gianyar Jl. 61. 943038. 42661. 21819 (0383) 41641 (0361) 941097. El Tari No. 21711. 99 X Kuta Denpasar Jl Teuku Umar Barat/ Marlboro No. 21605. Tabanan Jl. 91398 (0387) 21048. Diponegoro Undiknas KCP 418 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 812338 (0365) 41076. 31748 (0388) 21042. 22206/7/8/9 (0361) 819034 (0361) 8943659. GIANYAR 1 Celuk KC KCP KC KC KC KCP KC KC KC KC KC KCP KCP KC 0248 0575 0267 0272 0273 1112 0274 0276 0277 0278 0368 0571 0591 0556 1068 (0361) 942266 (0361) 296930 (0389) 21339 (0373) 21669 (0385) 22383 (0385) 41994 (0384) 21675 (0388) 31588 (0388) 21144 (0386) 21569 (0361) 233021 (0361) 224580 (0361) 233091 (0361) 765573 (0361) 485699 20. Da Silva No. KALABAHI 27. 30. Pudak No. 21019. Gajah Mada No. Waingapu JL. Soekarno Hatta. BAJAWA 24. Gianyar Jl. Lembata. Soetoyo No. Waikabubak Jl. Labuan Bajo Manggarai Barat Jl. Udayana No. DENPASAR RENON 1 2 28. 21969 (0385) 21603. 22. Raya By Pass Kediri No. Negara Jl. A Yani No. WAINGAPU 13. Bajawa Jl. 21677 (0363) 22745. PRAYA 15. 128. Gunung Batukaru No. Denpasar Jl. BANGLI 16. PAHLAWAN NO. So E Jl. 21088. 7. 2. Soekarno-Hatta No. 21366. 6. 31747. 21030.OUTLET 8. 21062. 22680 (0370) 654069. 1 Maumere Jl.12 X\. NTT Jl. 88 E Kediri Tabanan Jl.X. 21722 (0385) 41995. Akasia No. 942273 (0361) 296930 (0389) 22054. 22053. AMLAPURA 18. 36. NEGARA 12. 1. Raya Celuk No. Gajah Mada No. 943150. DOMPU 22. 91039. Don P. 3. I-J Kasimo 10. Bajera. 1. 21024 (0388) 31011.C. Denpasar Jl. Ngurah Rai No. 21068. 21428. 19. 149. Praya JL Kusumayuda No. Kefamenanu Jl. Jend. TABANAN 1 2 Bajera Kediri TYPE OF OUTLET KC KC KC KCP KCP KC KC KC KC KC KC KC KC BRAND CODE 0114 0119 0124 0570 0573 0125 0141 0157 0191 0233 0235 0241 0246 ADDRESS Jl. Larantuka Jl Trans Lembata Rayuan Kelapa Timur. WAIKABUBAK 17. 21686. Kusumaatmaja No. Tabanan jl. 21392 (0361) 233011 (0361) 224580 (0361) 233091 (0361) 765573 (0361) 485699 FACSIMILE (0366) 21329 (0383) 21377 (0361) 814166 (0361) 8943659 (0361) 812390 (0365) 42022 (0387) 62234 (0376) 21419 (0370) 654911 (0366) 92098 (0387) 21218 (0363) 21788 (0383) 21563 11. 62. 21494. Amlapura Jl. Denpasar TELEPHONE (0366) 21042. 653032 (0366) 91019. Kalabahi Jl. 31609. 21590.

DENPASAR GATOT SUBROTO 1 2 3 4 5 Hayam Wuruk WR Supratman Gatsu Timur Sanur Teuku Umar KCP KCP KCP KCP KCP KC KW KANINS KC KC KC KCP 0557 0686 2132 2133 2122 0590 0204 (0361) 231859 (0361) 464627 (0361) 422866. Bypass Ngurah Rai. BANJARMASIN 2. No. Tarakan 2 Lembuswana KCP 0629 (0541) 206603. Yani 41 Kuala Kapuas Jl. 21532 (0551) 21143/4. 21274. Samarinda Seberang. 21160.Ds. 16. 2. 21918/9 (0541) 742562. KUALA KAPUAS 11. 25991 (0541) 262178 (0542) 732850 (0518) 70917 (0512) 61029 (0518) 21212 (0517) 42297 (0527) 62727 (0526) 2028237 (0531) 22764 (0513) 21903 (0551) 24209 4. 98 Banjarmasin Jl. 298. KOTABARU 7. 27. Hayam Wuruk No. AMUNTAI 1 9. KANDANGAN 3. Denpasar Jl. 30296 (0513) 21031/2. 61086 (0526) 2028123. 22021. 3353986. 25306. Kesuma Negara No. 9 Samarinda Jl. 26.Seberang Komplek Pertokoan Mall Lembuswana Blok C No. Kandangan Jl. 354363. 3357884. Cipto Mangun Kusumo No. A. Sungai Danau Jl. A. (0517) 21611/12. 3355050 (0511) 366848. SAMARINDA 1 Loa Janan 0003 0031 0082 0625 Jl Pangeran Samudra No. 1. Gatsu Timur. 61493. SAMPIT 10. P. BATULICIN 1 Sungai Danau 6. Banjarmasin TELEPHONE (0361) 772524 (0361) 3609597 (0361) 420229 FACSIMILE (0361) 772524 (0361) 8475991 (0361) 430752 29. 21356. Loa Janan Samarinda . 151 Banjarmasin Jl. Jend. Jend.70927 (0512) 61029 (0518) 22205/7. Panglima Batur No. 19 . Kc. 92 Jl Cokorda Gde Rai no. 61890. BALIKPAPAN 5. Bank Rakyat No.5 No.459D. 48C Jl Gatot Subroto Barat No. 86. Samarinda Jl.21. 201317/18 (0541) 261138. Kel. Kodya Denpasar Jl. Jend.50. 741651. 262123 (0361) 231859 (0361) 464627 (0361) 422866 (0361) 283142 (0361) 227747 (0361) 972305 (0511) 3251649. No. Yani No. 3252992 (0511) 4365768 (0511) 353862. 12. M. Gajah Mada No. Propinsi RT. TARAKAN Peringin ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. BARABAI 8. Kec. Kc. 104 Denpasar Jl. 21073. 162 Jl. 21335. Masjid. Kota Samarinda Jl. 23707 (0517) 41055 (0527) 61062. Sultan Hasanuddin RT.OUTLET 2 3 Nusa Dua Seminyak TYPE OF OUTLET KCP KCP KC BRAND CODE 1067 2134 0572 ADDRESS Jl By Pass Ngurah Ray no 77 AT4 Jl. Sampit Jl Jend A. Peliatan. 123. Denpasar Jl WR Supratman No. 37. Teuku Umar. Jend. 21700. Gianyar Jl. A.Yani KM 3. Sudirman No. 2028237 (0531) 21080. Yani No. Paringin Kota Jl. Amuntai Jl. Balikpapan 76112 Jl Kampung Baru No 50 Batu Licin Jl. Kota Baru Pulau Laut Jl Pangeran Muh Noor No 19 Barabai Jl. 422232 (0361) 283490 (0361) 228375 (0361) 972305 (0511) 3250256/57 (0511) 4365783. Ubud.09. 419 . Denpasar Barat. No. Raya Sunset Road. Haryono No. 744781 (0541) 744781 3 Samarinda Seberang KCP KC KC KCP KC KC KC KCP KC KC KC 2069 0121 0126 0564 0127 0143 0147 0628 0163 0180 0183 (0541) 262178 (0542) 736765 (0518) 70947.Padangsambian Koja. 46.T. 1. Yos Sudarso No. 365924 (0517) 22575 (0541) 742592 (0541) 261138 30 DENPASAR UBUD BANJARMASIN BANJARMASIN 1. 62075.

Yani No. 20.Brigjen Hasan Basri No. 21019. Komp. A. 21028.5. Km 3.01. Komet. Cut Nyak Dhien 14-15. Paku Aji. 41774 (0554) 21043. Pleihari Jl. A. Lima Desember No. Muara Teweh Jl. Kuala Kurun. Dasar Kav. kab. BANJARMASIN A. Kabupaten Kutai Barat Jl. 61 A. Kel. Pangkalan Bun Jl. Tanah Grogot Kel. Sangata Baru Jl. TANJUNG SELOR 25. Beriwit. Kec. Petung. 21093. 21766/7. 24324 (0532) 26807. Achmad Yani RT 1 No. Pangkalan Bun Jl. A.A. H. 2-A. 3270953. 22556 (0543/0542) 5607867 (0512) 21058. 5. Palangkaraya Jl Singarunjan. 2 Rt. 31150. 2. Tumenggung Surapati No. 21655. P. Rantau Jl. 22741 (0548) 21085. Brigjen. PLEIHARI 18. Tenggarong Jl. S.1. 9.Yani Banjarbaru 19. 662828.5. Kayu Tangi Bjmsn TELEPHONE (0556) 22992 (0519) 21119. 21016. 23412 (0543) 21157. 93. TANJUNG REDEP 16. 21666. Ds. Kab Panajam Paser Utara Jl. TANJUNG 22. Ahmad Yani Rt. Sudirman No.Yani Km 35. 21173. M. MARABAHAN 21.22901 (0537) 31567 (0536) 4041377 (0511) 4799010. Kel. 4. Jend. Banjarbaru. 5508563 (0511) 33266610. BUNTOK 24. Dr. Panajam. A. 21096. Marabahan Jl Putri Zaleha No. Kec. 21015. TENGGARONG 1 Melak 15. Yani No. 85. Kec.OUTLET 1 Nunukan TYPE OF OUTLET KCP KC KCP KC KC KCP KC KC KCP KC KC KCP KC KCP KCP KC KC KC KCP KC KC KC BRAND CODE 0627 0209 2059 0210 0212 0626 0213 0214 1113 0239 0242 1060 0243 1053 2060 0244 0249 0282 2047 0303 0306 0333 ADDRESS Jl.15. No. 24314. . Kc. Gunung Mas Jl. TANAH GROGOT 1 Penajam 17. 22990/1. 21019 (0552) 21300. 21123. 08. Redeb Jl. 21194 (0511) 721870. Tanjung Selor Jl. Haryono No. Jend. SANGATTA 27. Basri No. 661416 (0545) 41424. Martapura Jl. BONTANG 1 Pupuk Kaltim KCP 0565 (0548) 41223 (0548) 41221 26. Murung Raya Jl. Melak. Maulana. Katingan Jl.T. 31735 (0541) 661953. 721072 (0511) 47720420 (0536) 21507. MUARA TEWEH 1 Puruk Cahu 13. PALANGKARAYA 1 2 Kuala Kurun Katingan 20. 21614 (0528) 3032488 (0517) 31015. 141.Banjarbaru Jl. Nunukan Jl. 4. Buntok Jl. Kawasan Industri PKT Bontang Town Centre Jl.YANI 1 Kayu Tangi KC KC KCP 0563 0623 0663 (0549) 25666.03. 151. Kasongan Km. MARTAPURA 1 A.46 B RT. Panglima Batur No.Mendawai Sukmara. Antasari No. Kel. Pancasila No. Tjilik Riwut Rt. Banjarmasin Jl. 25350 FACSIMILE (0556) 22965 (0519) 22701 (0528) 3032405 (0517) 31975 (0541) 661404 (0545) 41703 (0554) 23413 (0543) 22646 (0543/0542) 5232983 (0512) 210903 (0511) 721292 (0511) 47720420 (0536) 3221593 (0537) 31429 (0536) 4041133 (0511) 4799001 (0526) 2021915 (0532) 23223 (0532) 26807 (0525) 21295 (0552) 21079 (0548) 21091 12. 1050 Tj. 4799030 (0526) 2021189 (0532) 21138. Jend. Sutomo. Jend. PANGKALAN BUN 1 Mendawai 23. Piere Tendean RT II No.79. 26808 (0525) 21300. Kurun.22392.03 Tanjung Tabalong Jl. Murung. RANTAU 14.08 Rw. Yani No. Bontang 75311 Jl. Wisma KIE Lt. 3270954 (0511) 3302025 (0549) 21155 (0511) 3271876 (0511) 3304468 420 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Teratai No. 63.

AMBON 1 2 Waihaong Pulau Buru KW KANINS KC KCP KCP KC KC KCP KCP KCP KCP KC KC KC KC KCP KC 0202 (0411) 313174.2-4. 17. A. Soekarno Hatta. Yani No. Karaeng Buraine No. Yani KM 7. Sukarno Hatta No. PARE-PARE 5. Majene Jl. BALIKPAPAN A. 1 Jl. Balikpapan Komplek Ruko Sepinggan Jl.28 No. 21836. Makassar Jl. A. MT. KENDARI ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Masamba Jl. Blok B2 No. 315108. 23136 (0471) 23662. 741371 (0542) 875304. Makassar Jl. Km 0. Palopo Jl. WATAMPONE 6. 21003. Watansoppeng Jl. 29. Ratulangi No. 312928 (0411) 433110 (0411) 335434 (0411) 3193366 (0411) 3650332 (0421) 25273/4. Banjar Timur Banjarmasin Jl. Haryono. Letjend Suprapto No. 8. 8 Makassar Jl.5 Balikpapan Jl.7 Banjarmasin Ruko Taman Citra Blok C No. 18. Balikpapan Tengah Kota Balikpapan Jl Achmad Yani No.OUTLET 2 3 Melayu Palapan TYPE OF OUTLET KCP KCP KC KCP KCP BRAND CODE 2130 2131 0630 0624 1142 ADDRESS Jl. K. Kampung Melayu Kec. Suhada No. Layang.64 RT 49 Kel. 11.68 RT 005 Balikpapan Jl. Balikpapan Jl. Merdeka No. Kawasan Balikpapan Super Block. 355277 (0911) 314849. 3121678. 146.54 AB.5. 2.YANI 1 2 Kebun Sayur Balikpapan Baru 3 Bandara Sepinggan KCP 1136 (0542) 771589 (0542) 771590 4 5 Balikpapan Super Block Balikpapan Manggar KCP KCP 2078 2112 (0542) 7213718 (0542) 771850 (0542) 7213718 (0542) 771720 6 Rapak KCP 2121 (0542) 416748 (0542) 734209 MAKASSAR MAKASSAR 1. 875199 FACSIMILE (0511) 3272805 (0542) 734209 (0542) 746884 (0542)872817 28. 355277 (0913) 21499 (0422) 21903 (0411) 312068 (0411) 433110 (0411) 335433 (0411) 3193363 (0411) 319360 (0421) 25336 (0481) 23643 (0484) 23177 (0471) 22855 (0473) 21710 (0401) 3123177 0001 0562 2144 0047 0050 1073 2054 2051 2086 0064 0111 0118 0187 0641 0192 Jl. 5. 322974 (0411) 312498. Jend. Makasar Jl Urip Sumoharjo. 131. M. Yani No.488-C Rt. Sepinggan. A. Ruko. Slamet Riyadi No. Komp. Manggar Baru. 323507 (0911) 356563. Kampung Melayu Kel. 312931. Block F-02. 25335/7 (0481) 21408. Makassar Jl. 312083. Balikpapan Jl. WATANSOPPENG 7. Kendari 2. MAJENE 3. Jend Sudirman No.47. Watampone Jl. Karangrejo Kec. Balikpapan Baru. Marsma R Iswahyudi No. Ambon Jl.7. Gatot Subroto No. Bontoloa. A. MAKASSAR A. PALOPO 1 Masamba 8.9A. Ambon Jl. 21002 (0411) 312051. Sam Ratulangi No. 3121677 (0411) 365535 (0411) 312731 (0911) 355177 (0911) 356565.11. Mulawarman Rt.26. Kec. YANI 1 2 3 4 Graha Pena Makassar Panampu Slamet Riyadi Ratulangi 4. Yos Sudarso No. Balikpapan Jl. Sultan Babullah No. Yani No. Kel. Kel. Waihaong. 356563 (0913) 21484 (0422) 21434. Bunga Cengkeh Jl. Ramli No. Diponegoro No. 21262. Pare-Pare Jl. 21104 (0473) 21710/11/12 (0401) 3124101. 21389 (0484) 21135.H. 421 . 6. Jend. Makassar Jl.8 Lt. 312785. Makassar TELEPHONE (0511) 3272806 (0511) 4240110 (0542) 442027 (0542) 746883.

9. Syech Yusuf No. 1. 21065. Kendari Jl. 371085. 21163. Kec. 21191. PINRANG 14. Kemakmuran No. HM. KOLAKA 1 11. MAMUJU 1 Pasang Kayu Lasusua 0217 0218 21333 0219 0220 0221 0222 0223 0224 0225 2053 2052 0232 0240 0250 0252 0253 0257 0258 0259 0645 2042 0260 0281 Jl. Sungguminasa Jl. 124C. S. Lasusua Kab. 188. 81849 (0414) 21707. BANTAENG 22. Jend. Lasusua Kec. BARRU 17. Sudirman 237. 132. Bulukumba Jl. AnoaNo. Mamasa Jl. Sultan Alaudin No. Barru Jl. Persatuan Raya No. 2521028 (0426) 21598. SIDRAP 16. Gowa Jl. Pinrang Jl.4. Jend. Pangkep Jl. JENEPONTO 24. Cokroaminoto No. Kolaka Jl.Andi Depu. Polmas Jl. 21037 (0421) 91650. Kemakmuran No. ENREKANG 15. Sinjai Jl. Palangga. Andi Magga Amirullah No. Poros Lasusua Lapai Kel. Sudirman. 21062. Makassar Jl. 22476 (0418) 21028. 33. Jend. 21055 (0411) 371675. Kec. Mamasa. SUNGGUMINASA 1 2 Sultan Alaudin Pallangga Mas 20. 81101. TUAL 422 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 861057 (0411) 861525 (0411) 821583 (0423) 27014/5 (0413) 21093/5. 21118. Wonomulyo Kab. 22228/9 (0413) 81155. POLEWALI 1 2 Wonomulyo Mamasa 28. MAROS 19.OUTLET 1 Unahaa TYPE OF OUTLET KCP KC KC KCP KC KC KCP KC KC KC KC KC KC KC KCP KCP KC KC KC KC KC KC KC KC KCP KCP KC KC BRAND CODE 0644 0195 0216 ADDRESS Jl. Pahlawan No. SINJAI 27. Raha Jl. 91489/90 (0427) 21080. 297. 74. Sapati No. 2321039 (0403) 2521008. Manjarungi 1. 22333 (0428) 52247/48 (0428) 2841035 (0914) 21083. Kab. 22032. 21275 (0419) 21126. Jeneponto Jl. Let. 21676. 21666. 21043. TAKALAR 23. Kab.S. Benteng Selayar Jl. Takalar Jl. Tumpas Kec. Abdullah Soulissa No. 1. Achmad Yani No. 21600 (0410) 22591/2. Mamuju Jl. 371185. Rantepao Jl Kartini No. Masohi Jl. Poros Palangga. RAHA 12. 21543. Sungguminasa. Maros Jl.Mamuju Utara Jl. Tual Maluku Utara 13. 372221 (0411) 882056. 21212. Merdeka No. 21820 (0482) 21055. 6. Sudirman No. 22162 (0916) 21179. RATULANGI NO 20. Andi Mallombasang No. 87 Kel.Pasang Kayu. BENTENG SELAYAR 26.21071. Jend. Bung Tomo No. 921729 (0420) 21065. Unaaha. 22081 (0421) 922227. 96. Kolaka Utara TELEPHONE (0428) 22586 (0485) 21191/2/5 (0405) 2321582. H. 21414. Polewali Jl. Kel. 8. Jend. PANGKEP 18. BULUKUMBA 25. Sidrap Jl Sultan Hasanuddin No 90. MASOHI 29.101. Achmad Yani No. Sudirman No. 2322581 (0403) 2522401 (0426) 21171 (0421) 922200 (0420) 21036 (0421) 90437 (0427) 21818 (0410) 21333 (0411) 372197 (0411) 883654 (0411) 861053 (0411) 821636 (0423) 21159 (0413) 21162 (0418) 21797 (0419) 21791 (0413) 82440 (0414) 21224 (0482) 22053 (0428) 22310 (0428) 52137 (0428) 2841034/36 (0914) 21463 (0916) 21342 9. 1. 21342 FACSIMILE (0428) 22585 (0485) 22414 (0405) 2322249. Sukowati No. Kab. 2. .21479 (0428) 21468/9. 97. Jend. SENGKANG 10. MAKALE 21. 2 Sidodadi Kec. Sengkang Jl. DR.O. Dg. 17 Bantaeng Jl. 921056. Enrekang Jl. 862310.

Palu Timur. WUA WUA MANADO MANADO 1. Sudirman No. Bau-bau Jl. Kel. 21901 (0431) 863177. 21078. 311. Komplek Ruko Km. Ampana Jl. 21135 (0464) 21095 (0813) 41010806 (0921) 21280/90. 61 Kec. Jl W Monginsidi. PulauPulau Aru. PANAKKUKANG KC 0642 (0411) 444715 (0411) 444715 34. 21014. 7. Kota Gorontalo Jl. Ruko Metro Latimojong. 41 Makassar Komp. 826315 (0434) 21887. Makasar Jl Wahidin Sudirohusido No. Palu. Perintis Kemerdekaan.Wenang. Pinaesaan. 830201.Piere Tendean Ruko Mega Mas Jl. Ruko 237. Besusu Barat. Manado Jl. Yani No. 843375 (0431) 855031.12 Kel. Manado Jl Martadinata No. MANADO 1 2 3 4 4.4-6. Bau Massepe 21. La Ode Hadi Basy Pass Kendari . Manado TELEPHONE (0917) 22080. Mohamad Hatta No. Pahlawan Revolusi No. 21926 (0401) 3194425 (0431) 862779 (0431) 861440 (0435) 821046 (0435) 826314 (0434) 21224 (0431) 867435 (0431) 841919 (0431) 873794 (0431) 843832 (0431) 8880262 (0451) 427140 (0451) 454243 (0452) 21134 (0464) 21525 (0921) 25585 0027 2023 0036 0054 0688 0689 2003 2024 0060 1291 0072 0566 2025 0103 Jl.16. Sulawesi Tengah Jl. 17 Agustus No. 824465. 858784 (0431) 870805 (0431) 8880262 (0451) 454000/1/2/3.87 C. 316289. TERNATE ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 863378.OUTLET 1 Dobo TYPE OF OUTLET KCP KC KC KCP KCP BRAND CODE 1059 0326 0343 0664 1074 ADDRESS Jl Lukas Mairering Kec. 21472 (0402) 2821858. 852747. Palu Jl. Manado Jl. Manado Jl. Kel. Jl Latimojong No. 4-6. KOTAMUBAGU 3. 863978 (0435) 824156.Trans Sulawesi Desa Dente Bungku Tengah Jl. 826657 (0435) 826313. 8. Bhineka No. 466000 (0451) 456188 (0452) 21133. SAUMLAKI KC 0643 (0918) 21544.31-33. 21811 (0918) 21545 35. 22072. MAKASSAR SOMBA OPU 1 2 Tanjung Bunga Latimojong 3 Sudiang KCP 2085 (0411) 555125 - 32. A. Manado KompBahu Mall Blok S. Naniwwarta Bone Gorontalo 22 Gorontalo Jl. 313983 FACSIMILE (0971) 22107 (0402) 2823178 (0411) 322246 (0411) 3651654 (0411) 323991 30 BAU-BAU 31. 3651654 (0411) 335065. Dr. 234.12 No. 10. POSO 1 2 Ampana Morowali Sudirman Beulevard Marthadinata Pinaesaan Mega Mas KCP KC KCP KCP KC 6. Sudirman No. 863377. Kec. Agus Salim. 423 . 863778 (0431) 852189. 21. 12. Makassar Jl. 2821783 (0411) 326339. 1. 866752 (0431) 844700. Tikala. Pulau Sumatera No.2. TAMALANREA KC 0403 (0411) 580338 (0411) 581378 33. Maluku Tenggara Barat Jl. Kotamobagu Jl. GORONTALO 1 Agus Salim KC KW KANINS KC KCP KC KC KCP KCP KCP KCP KC 0646 0254 (0401) 3195395 (0431) 863592. Makassar Jl. PALU 1 5. Kab Kepulauan Aru Jl Kartini No. 21345. Kec. Yos Sudarso No. Sarapung No.Tanimbar Selatan. Makassar Jl Perintis Kemerdekaan. Kecamatan baruga. Kelurahan Bende. Sudiang. Poso Jl. Ternate 2. Kel. Makassar Jl. Panakukang Mas Boulevard Ruko Jasper I No. Kec. Saumlaki. 21796. Kota Kendari Jl Sarapung No. 312177 (0411) 3651717. 3&4.

534638. 61896 (0450) 21321. Toli-Toli jln Syarif Mansyur. 17/31. Limboto Jl. A. 21252. Raya Tomohon. Ranoiapo. 179. Sutomo No. Jl Pahlawan No. Buol Jl. BIAK 2. Nabire. Kel. TAHUNA 10. Jend. Abepura Komp.4-6. Tabuko. Jend. LUWUK 1 8. Pattimura No. BITUNG 9. Lipunoto. JAYAPURA 1 2 3 Abepura Kota Jayapura Waena 3. 37 Pusat Pertokoan. Parigi. Kec. Dr. Merauke Jl Merdeka. 269.Trans . Trikora 81. 21915 (0967) 533585. Gamsungi. Kota Kaimana Jl. Pinaesaan SK No. . 21635 (0455) 314263 (0967) 524470. Yani No. Kab. 31297 (0901) 321827. Biak Jl. Argapura No. Kel. 21666. MERAUKE 5. Trans Sulawesi. Jend. Hasan Esa. TIMIKA Kaimana KCP KC KC 424 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Mepanga. Bantaya Kec. Marisa. 50. Kec. 534841 (0967) 583062 (0967) 531244 (0967) 585363 (0969) 31221. Wamena Jl. 524453 (0981) 21519. 534856. 322488. Kel Oyehe.1&2. Kc. 321593 FACSIMILE (0924) 22540 (0921) 3110448 (0461) 21153 (0462) 21556 (0438) 32177 (0432) 25585 (0453) 23195 (0455)211309 (0431) 322420 (0431) 355289 (0430) 21178 (0436) 881446 (0443) 210429 (0921) 61298 (0450) 21632 11. Jend. Kec Amurang.32980 (0971) 321062. Luwuk Jl. 880100 (0443) 210369 (0921) 61046. Jayapura Kantor Wilayah Pos XI Papua dan Maluku. Jl. Kotaraya. Tondano Jl. 21159. A. A. Kel.Sulawesi Kel. Buol. NABIRE 1 6. Kaimana. Nabire Jl. WAMENA 4. 22784/5 (0453) 21195 (0455) 211304 (0431) 321412. SOA-SIU 14. Banggai.Budi Utomo No. Parigi. Banggai Kepulauan Jl. Kel. 322738. Yani Kotak Pos 365. Bitung Jl. 21634. Raya Mandala 8. I No.1. Soa Sio Jl. 321956 (0984) 26120 (0957) 21843. Kel. Minahasa Selatan Jl. Yani No. 82 Lt. Sudirman No. 16. 61600. Timika TELEPHONE (0924) 22540 (0921) 3110252 (0461) 21103/04. Maluku Utara Jl. Ternate Selatan.OUTLET 1 2 7. Serui Jl. Tahuna Jl. LIMBOTO 1 Marisa 13.42. Kec. Tobelo . Kec. 21647 (0432) 21318/9. Mandapar. Lompio. Mutong Jl Tadulako no 8 Ds. Jend. Usman Binol No. Sudirman No.1. 1. TONDANO 1 2 Tomohon Amurang 12.Halmahera Utara Jl. Paslaten I Lingk. Kab. TOLI-TOLI 1 Pogogul Buol Banggai Kepulauan Tobelo Ternate Selatan TYPE OF OUTLET KCP KCP KC KCP KC KC KC KCP KC KCP KCP KC KCP KC KC BRAND CODE 1114 2129 0167 0647 0168 0226 0227 1057 0237 0649 1054 0279 0648 0280 0363 ADDRESS Jl Pelabuhan Ke. Parigi Moutong Gedung Pelni Lt. Krooy. Sudirman No. 21892 (0983) 31304/06. PARIGI 1 Kotaraya KCP KW KC KC KCP KCP KCP KC KC KC 1076 0856 0308 0307 0640 2141 2142 0311 0352 0687 2140 0309 0561 (0455) 314264 (0967) 524452 (0981) 23605 (0967) 537682 (0967) 584627 (0967) 531244 (0967) 583463 (0969) 32266 (0971) 323518 (0984) 26121 (0957) 21843 (0983) 31305 (0901) 322603 JAYAPURA 1. 1. 321248 (0431) 355287 (0430) 21178 (0436) 881445/7. SERUI 7. Ruko Modern Kodya Jayapura Kawasan Ruko Padang Bulan Jl.15. 144. Jayapura Jl. Desa Marisa Utara. Utarum No. 22756 (0462) 21555 (0438) 21037. 21636. 321447/9. Pahuato Jl.

A. Distrik Aimas. Timika Jl.III. Kalamalu. 211943. SORONG 1 Aimas 10. Teluk Bintuni Kampung Aimasi SP. Yos Sudarso. Manokwari Jl Raya Bintuni Kec Bintuni. 211850. Yos Sudarso No. Manokwari Jl Pangeran Diponegoro Kec Fak-fak.24. 321525 (0951) 328084 (0986) 214589. Jayapura Jl.OUTLET 1 Freeport TYPE OF OUTLET KCP KC KC KCP KC KCP KCP KC BRAND CODE 2100 1082 0310 2064 0353 1080 2063 1081 ADDRESS Jl. Yani No. MANOKWARI 1 2 Bintuni Prafi 11. Kecamatan Abepura. Sorong Jl. 214590 (0955) 31101 (0986) 811001 (0956) 25410 FACSIMILE (0901) 32213 (0967) 593156 (0951) 322085 (0951) 328084 (0986) 213811 (0955) 31101 (0986) 811003 (0956) 25411 8. Kec. Kelurahan Hedam. 425 . Sorong Jl. Klademak II. FAK . 321430. Kel. Prafi. Kab. Raya Kemiri Sentani.FAK 12. Fak-Fak Jalan raya Abepura. Tuturuga. ABEPURA KC 0446 (0967) 583062 (0967) 584627 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Propinsi Papua TELEPHONE (0901) 321827 (0967) 593211 (0951) 321109. Sentani. SENTANI 9. 11.

bri. 251 0254 Facsimile: (62-21) 250 0065. HEAD OFFICE BRI I Building Jl.Contact Address PT Bank Rakyat Indonesia (Persero) Tbk.Indonesia Phone: (62-21) 251 0244. 44-46 Jakarta 10210 . 44-46 Jakarta 10210 .co.co. Jenderal Sudirman No. Jenderal Sudirman No.Indonesia Phone: (62-21) 575 1966 Facsmile: (62-21) 570 0916 WEBSITE www.id 426 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. .id EMAIL humas@bri. 250 0077 CORPORATE SECRETARIAT BRI I Building 20th Floor Jl.

Foreword. Non Performing Earning Assets 2. Total Investment 3. Net Profit (Loss) per Share 2 Financial information is presented in a comparison within the period of 5 financial years. Financial Highlights 7 Chapter 1. √ √ √ Annual report in English is present separately Criteria Report Year Page BRI Annual Report 4 √ II. ROA 2. Business Profit (Loss) 4. Violation on Legal Lending Limit 2. LDR Compliance: 1. Net Working Capital 2. back-cover. Financial Highlights Capital: 1. The Annual Report is presented on the Company’s website. Sales/Income from business 2. so it is clear and easy to read. Capital Adequacy Ratio (CAR) 2. General 1 2 3 In good and proper Bahasa Indonesia. Statutory Reserve 4. Excess of Legal Lending Limit 3. The information includes: 1. Summary of Key Financial Information 1 Financial information is presented in a comparison within the period of 5 financial years. The information includes: 1. ROE 3. Non-Performing Loan 3. Compliance for Allowance Profitability: 1. or since the commence of the business if the company conducts business activities for less than 5 years. Foreword. Total Liabilities 5. Gross Profit (Loss) 3. Financial Highlights ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. or since the commence of the business if the company conducts business activities for less than 5 years. it is also recommendended to present the report in English Printed on light-colored paper. Total Equity 3 Financial information is presented in a comparison within the period of 5 financial years. Total Assets 4. Fixed Assets to Capital Earning Assets: 1. 2. NIM 4. 427 . Allowance for Possible Losses to Earning Assets 4. State clearly identity of the Company name of the Company and year of Annual Report are displayed on: 1. side-cover. Each page.Navigation of Annual Report BRI 2010 for Capital Market and financial Institutions Supervisory Agency (BAPEPAM-LK ) No I. Net Open Position 7 Chapter 1. Front cover. Net Profit (Loss) 5. The information include 5 (five) financial ratios related to the economy sector of the company 7 Chapter 1. Foreword. Operating Expenses to Operating Income Liquidity: 1. or since the commence of the business if the company conducts business activities for less than 5 years.

Foreword. The information includes: 1. Foreword. Good Corporate Governance. Information to Shareholders 1. Remark from President Commissioner Chapter 1. Signatures on the Separate Page. Total Bond and Convertible Bond outstanding 2. Maturity date 4. Dividend Payment 2. Rating of Bonds 9 Chapter1. Company Performance covers strategic policy. Foreword. Bond Highlights III. The price of shares prior to the last revision in capital should be adjusted in the event. 3 Signatures of Members of Directors and Members of Commissioners The information includes: 1. Committees under the Board of Commissioners’ Supervision. Statement of Responsibility of the Board of Commissioners and the Board of Directors 10 12 153 Chapter 1. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the accuracy of the annual report. Chronology of Share Listing 5. View on the prospects of the company’s business as established by the Board of Directors. Management Stock Option Program 6. 2. Share Ownership 7. comparison between achievement and target. 2. 4. Written Explanation on separate Letter from each member of the Board of Commissioners or Board of Directors who refuses to sign the annual report. Assessment of the performance of the Board of Directors in managing the company. Signed of All Members of Board of Commissioners and Directors stating their names and positions. closing price and the number of shares placed on the market (listed) for each quarterly period in the last two financial years. 2 Report of the Board of Directors The information includes: 1. Closing price 4. Shares Highlights Exhibit: 1. Transaction volume Page 8 BRI Annual Report Chapter 1. Use of the Proceeds from Initial Public Offering (IPO) 5 The Annual Report must include the number of bonds or convertible bonds issued within the last two financial years. 30 31 Chapter 1. Quarterly Share Price 2. dividends shares and bonus shares. The lowest price 3. Interest Rate 3. Dividend Payment 3. Foreword. 4. that it was due to share split. 3. Annual General Meeting of Shareholders 2010 3. Company Profile.No 4 Criteria Report Year The Annual Report must include information on the highest price of shares. The information includes: 1. Committees of the Board of Commissioners Chapter 1. The Board of Commissioners Chapter 4. Good Corporate Governance. Chronology of Subordinated-Debt Listing 4. Foreword. Business Prospect Implementation of good corporate governance by the company 3. The highest price 2. and the obstacles faced by the company. or written explanation in a separate letter from the other members in the event that there is no written explanation provided by the said members. 2. 3. Report of President Director 156 18 428 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. . Change of Board of Commissioners’ Composition (if any). lowest price of shares. Trading Activities (2008-2009) 55 Chapter 2. among others. Supervisory Report of the Board of Commissioners Chapter 4. Foreword. Change of the Board of Directors’ Composition (if any). Report of the Board of Commissioners and the Board of Directors 1 Report of the Board of Commissioners The information includes: 1.

429 . Name and Changed Company’s Name (if exists) Company Business Covering products and services 2 34 Chapter 1. Working Experience Identities and Profile of Members of the Board of Directors The information includes: 1. Company Profile. Identities and Profile of members of the Board of Commissioners The information includes: 1. Company Profile. Working Experience Total Personnel (comparative in 2 years) and description of competency development. Public Shareholders. Total Employee based on Each Organization Level 2. Banking Products and Services Chapter 3. BRI at a Glance Chapter 2. Employee Equal Treatment 5. Foreword. Management Discussion and Analysis. Good Corporate Governance. Education 5. Company Profile. Trainings 4. Company Profile. Business Review Chapter 2. Operation Review. Education 5. Shares Ownerships Chapter 4. Information to Shareholders. Disclosure. Management Discussion and Analysis. Age 4.No IV. Company Profile. Human Resources Content: • Employment by Status • Employment by Education Chapter 3. Name 2. Organizational Structure Chapter 1. Position (Includes Position in Other Companies or Institutions) 3. Foreword. 2. Company Profile. Company Profile. Date of Company’s establishment 2. Company General Information 2 Company’s Brief History The information includes: 1. Company General Information 3 34 35 96 Chapter 2. Human Resources Content: • Employee Welfare • Industrial Relation and Company Culture • Training and Education Chapter 2. Name 2. Explanation on Company Vision. Company Profile. Name of Shareholders who own 5% or More of Shares 2. Company’s Vision. whom of each owns less than 5% of shares 61 208 and 210 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Personnel Expenses 36 4 6 40 Chapter 2. Directors and Commissioners Who Own Shares 3. Mission & Corporate Culture 4 5 Organization Structure Chart. Explanation on Company Mission. Board of Commissioners 7 44 Chapter 2. Shares Ownership of Commissioners and Directors 124 9 Composition of Shareholders covering: 1. Company General Information Chapter 2. The information includes: 1. Age 4. Board of Directors 8 54 Chapter 2. Total Employee based on Education 3. Company Profile. Company Profile 1 Criteria Report Year Page BRI Annual Report Name and Company Address 34 Chapter 2. Position (Includes Position in Other Corporates or Institutions) 3. Names and Position Vision and Mission of the Company Covering: 1.

Subsidiaries 223 Chapter 6. Name of Stock Exchange where company securities are listed 5. Institution presenting the award 4. Treasury and Capital Market Supporting Services 430 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Company Profile. Years 3. Consumer Business 3. Company Profile. Company Profile. Name of Stock Exchanges where the company’s shares are listed 59 Chapter 2. Micro. Information to Shareholders. Name and Address of Public Accounting Firm 3. and Medium Enterprises Business 2. Bond Highlight Chapter 2. Institutional and State-Owned Enterprises Business 5. Name of Awards 2. Company Profile. Public Accounting Firm and Capital Market Supporting Institution 14 70 Chapter 2. Information on Operating Status of Subsidiaries or Associated Company Page 62 BRI Annual Report Chapter 2. Small. Corporate action that causes changes in the number of shares 3. Company Profile. Company Profile. Name of Subsidiaries/Associated Companies 2. Management Discussion and Analysis 1 Operational Review per Business Segment 96 Chapter 6. Rating of securities Name and Institution of profession supporting the capital market The information contains: 1.No 10 Criteria Report Year Subsidiaries and or Associated Companies The information includes: 1. International Business 6. Name and Address of Share Registrar 2. Subsidiaries 11 Chronology of shares listing covering: 1. Change of the number of securities from the beginning of listing to the end of financial year 4. Percentage of Shares Ownership 3. Commercial Business 4. Subsidiaries BRI Networks and Addresses Chapter 3. Public Accounting Firm and Capital Market Supporting Institution Chapter 2. Foreword. Period of valildity Name and Address of Subsidiaries and Branch Offices or Sub-Branch Offices (if any) 68 16 52 Chapter 2. Company Profile. Chronology of Share listing Chapter 2. Issuance of Rupiah SubordinatedDebt 13 70 Chapter 2. Company Profile. Management Stock Option Plan 60 12 Chronology of other securities listing covering: 1. Business Segment Review Content: 1. Chronology of other securities listing 2. Networks and Total Operating Units Chapter 2. Corporate Action that cause changes the number of securities 3. Company Profile. Name and Address of Securities Rating Company Company Accountant 9 59 Chapter 1. Management Discussion and Analysis. Chronology of shares listing 2. Information on Subsidiaries or Associated Companies 4. Awards 15 Awards and certifications received by the company on both national and international scale The information: 1. Information to Shareholders. Change of the number of shares from the beginning of listing to the end of financial year 4. . Subsidiaries 62 223 389 V.

Description of substantial components of other income and expenses to calculate company profit If Financial Statement discloses material improvement or deterioration of Sales or Net Income. Current Liabilities. Net Profit/Loss Discussion and Analysis on capacity to pay debts and company receivables quality The information: 1. Management Discussion and Analysis. Income Statement Chapter 3.Current Liabilities. The pupose of the ties 2. Expenses 5. Income Statement Chapter 3. Financial Review. Borrowing & Subordinated Debt Chapter 3. Management Discussion and Analysis. Financial Ratio related with the Transparency Chapter 3. 85 Chapter 3. Management Discussion and Analysis. Financial Review. Financial Review. Liquidity 87 89 89 5 Discussion on material tie for capital expenditure covering: 1. 76 78 10 Material Information and facts that occured after the date of accountant report 93 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Interest Expense Chapter 3. Management Discussion and Analysis. Currency Denomination 4. Capital Adequacy Ratio (CAR) 87 89 4 Discussion and Analysis on Capital Structure. Capacity to pay debts 2. Fixed Assets and Total Assets 2. Management Discussion and Analysis. Financial Review. Management Discussion and Analysis. then it should be explained the impact related with the company sales or new product/services. General Overview of the Company Chapter 3. Significant Event Chapter 3. Capital Structure 2.No 2 Criteria Report Year Description on Company Financial Performance Analysis of Financial performance covering comparison between financial performance of the current year and that of previous year which include (in the form of narration and table): 1. Income Statement Chapter 3. Recivable quality Page 72 BRI Annual Report Chapter 3. Fixed Assets and Capital Expenditure 6 91 Chapter 3. Financial Review. and Liquidity covering: 1. Business Review Chapter 3. net Profit as well as operating profit in 2 (two) years or since the company set up the business if the company has been operating less than 2 (two) years. Management Discussion and Analysis. non-current Liabilites and Total Liabilities 3. Income Statement. Management Discussion and Analysis. Financial Review. Corporate’s Planned Steps to Protect the Currency Risk Related to the ties . Financial Review. Management Discussion and Analysis. Financial Review 76 3 84 Chapter 3. Management Discussion and Analysis. Sales/Income from Business 4. Financial Review. Current Assets. Financial Review. Financial Review. Capital Structure Policies 3. Source of fund to fulfill the ties 3. Management Discussion and Analysis. Financial Review. 431 . Financial Ratio related with the Transparency Chapter 3. Events After the Date of Financial Report 7 76 8 76 96 9 Discussion and analysis of the impact of price changes to Company’s Sales . Loan Quality Chapter 3. Equity Chapter 3. Management Discussion and Analysis. Management Discussion and Analysis. Discussion and Analysis of Financial Information that was reported concerning extraordinary and rare events. Management Discussion and Analysis. Management Discussion and Analysis. Management Policy on Capital Structure Policies. Management Discussion and Analysis. Financial Review.

Compliance Report. Management Discussion and Analysis. Financial Review. 8 56 91 92 Chapter 3. Loan Restructuring or Capital covering: 1. Share Highlight Chapter 2. Information to Shareholders. Name of the Parties 2. 4. Explanation of of the Transaction. Purpose of the Transaction. Financial Review. Management Discussion and Analysis. Amount Dividend per Year 2. Others Financial Information. Business Review Chapter 7. Financial Review. Detail of budget plan 4. Dividend payout ratio 14 The use of IPO proceeds 91 covering: 1. Used of the Proceeds from IPO Chapter 3. Dividend Payment Chapter 3. Foreword. Bank Agro Acquisition Chapter 4. Good Corporate Governance. Event after the Date of Financial Report. Transaction in current period. Note: if there is no referred transaction. the Use of Rupiah Sub-Ordinated Debt II Issuance Funds 85 Chapter 3. Management Discussion and Analysis. 3. 2011 Strategic Plan Chapter 3. Financial Statement. Management Discussion and Analysis. Acquisition. Financial Review. Balance 5. Budget plans 3. Investment in Shares Chapter 3. Management Discussion and Analysis. date and amount cash dividend per share and amount Dividend per year as announced or paid during the past 2 (two) years. Management Discussion and Analysis. CompanyProfile. Financial Review. Financial Review. Others Financial Information. Change in budget plan (if any) Note: If all of the IPO proceed has been used. Dividend Payment Policy 227 92 12 96 227 13 Statement regarding Dividend Policy. Total proceeds 2. covering: 1. Management Discussion and Analysis. international market supported by quantitative data support if there is reliable source of data Description on Marketing Aspect Discussion on Marketing of Company’s products and services including market share. Company Business Prospect Chapter 7. Other Financial Information. Divestment. Financial Review. Expansion. Changes in Accounting Policy 432 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Amount of the transaction or restructuring. there is should be a written statement regard this subject 15 Material information regarding Investment. Management Discussion and Analysis. macro economy. Marketing Aspect Chapter 3. 2011 Strategic Plan Chapter 1. Affiliated Relation 3. Dividend per shares 3. . Page 92 BRI Annual Report Chapter 3. Note: if there is no referred transaction. Sources of fund. 2. Financial Review. should be disclosed . should be disclosed 212 17 Description of changes of Regulations that have significant effect to the company Covering: Notes on regulations changes and its impact to the company 76 Chapter 3. Financial Review.No 11 Criteria Report Year Description of Company’s Business Prospect Description of Company’s Business Prospect related to industry. Information Related to Investment/Divestment Chapter 3. Conflict of Interest Transaction 91 94 16 Material informations related with Conflict of Interest Transaction with Affiliated Party covering: 1. Management Discussion and Analysis. Management Discussion and Analysis.

. Committees of the Board Commissioners. 5. Description of activities of Nomination Committee. Good Corporate Governance. Meeting Frequency and attendance of Nomination Committee. Positions and Profile of Nomination Committee Members 2. . Good Corporate Governance. Positions and Profile of Remuneration Committee Members 2. Disclosure of the procedures of determining and the amount of remunerations for the Board of Commissioners. the reasons and the impact toward Financial Report. 3. Summary of Accounting Policies 252 VI. Positions and Profile of Committee Members 2. Meeting Frequency. Good Corporate Governance. Meeting Frequency and Attandance of Remuneration Committee 156 Chapter 4. Financial Report. Duties and Responsibilities. Duties and Responsibilities. 4. Nomination and Remuneration Committee 6 Other committees in the Company covering: 1. Page 76 BRI Annual Report Chapter 3. Committees of the Board of Directors covering: • Risk Management Committee • Assets and Liabilities Committee (ALCO) • Credit Polilcy Committee • Credit Committe • Information System and Technology Steering Committee • PMO Steering Committe • Human Resources Policy Commitee • Job Evalution Committe 175 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. 3. 3. Good Corporate Governance. 433 . Names. Committees of the Board of Commissioners. Positions. Training program to improve the Board of Director Competency 3. Financial Review. Description of duties implemented by the Board of Commissioners 2. Risk Management Supervisory Committee Chapter 4. Independence of the members of Committees. Audit Committee 171 153 Chapter 4. Meeting Frequency and Attendance of Audit Committee 4. Good Corporate Governance 1 Information of the Board of Commissioners covering: 1. 160 Chapter 4. Meeting Frequency and attandence of Committee 167 Chapter 4. Attendance of the Board of Commissioners in the meetings 5. Description of duties implemented by the Board of Commissioners 2. Directors 4. Duties and Responsibilities. 3. Good Corporate Governance. Independence of the members of Audit Committee Nomination Committee. 5. Brief Report on activities of Audit Committee. Independence of the members of Remuneration Committee. Names. Board of Commissioner Chapter 4. Duties and Responsibilities. Audit Committee covering: 1. Independence of the members of Nomination Committee 3.No 18 Criteria Report Year Description of Changes in Accounting Policy covering: Description should contain changes of Accounting Policies. Nomination and Remuneration Committee 5 160 Chapter 4. 5. Attendance of the Board of Commissioners in the meetings 2 Information of the Board of Directors covering: 1. 5. Names. and Profile of Audit Committee Members. 4. covering: 1. Committees of the Board Commissioners. Description of activities of Remunerations Committee. Changes in Accounting Policy Chapter 8. 2. 4. 4. Note to the Consolidated Financial Statement. Committees of the Board Commissioners. Management Discussion and Analysis. Remuneration Committee covering: 1. 4. Disclosure of the procedures of determining and the amount of remunerations for the Board of Commissioners. Good Corporate Governance. Meeting Frequency. Description of activities of Committees. Names. Good Corporate Governance. 3.

Good Corporate Governance. Procedure of determining of remuneration in SOP. Disclosures. Services and Network. Duties 199 Chapter 4. Structure of Internal Audit 3. Compliance Report. Services. Supply of raw material. Activities of Environmental Conservation 2. . 2. Name and Profile of Corporate Secretary 2. Management Discussion and Analysis. Explanation on risks faced by the company (for example risk caused by exchange rate and interest fluctuation. foreign government regulation. Establishing Customer Complaint Centre 2. Expenses incurred Description of Activities and Expenses related to Corporate Social Responsibility. Good Corporate Governance. particularly Community Development Program covering: 1. Disclosure. Expenses incurred 132 Chapter 3. Program of Art and Culture Development 5. Operation Review. Compliance. Efforts in Managing the Risks 140 Chapter 3. Compliance. Expenses incurred 213 217 Chapter 5. Good Corporate Governance. Corporate Social Responsibilty Chapter 4. Procedures for handling customer complaints Chapter 4. Company Partnership program 2. Program of Health Improvement 4. Remuneration Policy/Package and Other Facilities for Commissioners and Directors 8 196 Chapter 4. Program of Education Development 3. Corporate Social Responsibility 434 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Good Corporate Governance. Fund Allocation for Corporate Social Responsibility 217 Chapter 5. particularly Community Development Program covering: 1. Duties of Corporate Secretariat Page 208 BRI Annual Report Chapter 4. Activities of Environmental Management 3. Good Corporate Governanace. Performance indicators of the Board of Director. Disclosure. business competition. Procedures for Handling Customer complaints Chapter 5. particularly Community Development Program covering: 1. and Risk Management Functions 10 Description of company’s Risk Management covering: 1. Internal Audit Charter 4. Name of the Head of Internal Audit 2. Management Discussion and Analysis. and Risk Management Function 203 11 Description of Activities and Expenses related to Corporate Social Responsibility. Internal Audit. Good Corporate Governance. 2. international regulations and government policy). Internal Audit. Fund Allocation for Corporate Social Responsibility Chapter 4. Good Corporate Governance. Corporate Secretariat 9 Description of Internal Audit covering: 1. Service Quality Improvement Program 3. Certification of Environmental Management 4. Corporate Social Responsibility 13 213 Chapter 4. Disclosure. Good Corporate Governance. Duties and Functions of Corporate Secretariat covering: 1. Operational Review. Risk Management Chapter 4.No 7 Criteria Report Year Description of the policy of determining the amount of remunerations for the Board of Directors Related with Company Performance covering: 1. Fund Allocation for Company Social Responsibility 213 213 217 12 Description of Activities and Expenses related to Corporate Social Responsibility.

employee. for instance. Date ofAudit Report 3. Financial Statement. compliance. Internal Audit Function. Board of Directors’ Statement Regarding the Financial Statements’ Responbility 2 3 234 234 Chapter 8. Financial Statement. The Existence of Code of Conducts 2. as follows: 1. Material of the case 2. KAP license number (if exists) Comprehensive Financial Statement that contains all Elements of the financial statement. the Board of Directors Responbility on Financial Statement Accountant Opinion on Financial Statement and compliance with SPAP-IAI Description of Independent Auditor opinion. description of information and data availability for public. Good Corporate Governance. Good Corporate Governance. Impact on Company Financial Condition Page 211 BRI Annual Report Chapter 4. Consolidated Statement of Income Chapter 8. Foreword. Consolidated Statement of Cash Flow 5 6 Presentaton of Cash Flow Statement that meets the following requirements: 1. Financial Statement. Income Statement 3.G. 435 . Status of case settlement 4. Equity Statement 4.11. Distribution of the Code of Conducts to employee and effort to uphold the Code of Conducts Reinforcement 4. Good Corporate Governance. members of the Board of Directors and Commissioners covering: 1. Financial Statement Consolidated Balance Sheet Consolidated Statement of Income Consolidated Statement of Changes in Equity Consolidated Statement of Cash Flow Note to the Consolidated Financial Statement Chapter 1. Compliance Report. Group into three categories: Operating Activities. Investment and Funding. internal audit and risk management function. Separating the presentation between cash received and or cash expended to customer. Corporate Secretariat. etc. Presentation on addition and payment Long-Term borrowing and dividend payment for Funding Activities. Disclosung of activities that do not influence Cash Flow. Use of a Direct Method 2. Financial Statement. Financial Highlight Chapter 8. 6. Code of Conducts covering: 1. Cash Flow Statement 5. Content of Code of Conducts 3. Statement concerning the Corporate Culture 206 16 200 Chapter 4. Compliance Report. Independent Auditor Report 4 231 236 241 243 245 248 7 241 Chapter 8. website. Financial Statement. Internal Fraud and Effort of Resolution Chapter 4.No 14 Criteria Report Year Litigation Cases faced by Issuer or Public Company. suppliers and tax payment during the current year for operating activities. Member of the board of Commisioners and member of Board of Directors Chapter 4. Financial Information 1 Statement of the Board of Directors concerning the Responsibilities of the Board of Directors on the Financial Statement in accordance with Bapepam-LK No. 232 Chapter 8. Name & Signature 2. VIII. 3. Independent Auditor Report Chapter 8. Description Opinion covering: 1. 245 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. mass media. Code of Conducts VII. mailing list. Balance Sheet 2. Litigation Cases Chapter 4. bulletin. Good Corporate Governance. 2. Important Cases Faced by the Company. Disclosure. Case Status 3. Good Corporate Governance. Company Website 211 212 15 Access to Information and Company data. Note on Financial Statement Comparison of Profitability Explanation on Income Statement in current and previous year.

Taxation 10 252 Chapter 8. 3. Tax Expense 336 Chapter 8. Details on Assets and Liabilities in Foreign Currency and its equivalent in Rupiah. Valuation and depreciation method of fix assets 5. Financial Statement. Page 252 BRI Annual Report Chapter 8. Issues that should be disclosed are: 1. type and element of transaction with affiliated parties. Financial Statement. Investment Valution 4. 9 81 Chapter 3. liabilities.No 7 Criteria Report Year Summary of Accounting Policy. Reconciliation between Income Tax and the result of multiplying the accounting profit with the prevailing rate and disclosing the basis for the tax rate calculation 2. Note to the Consolidated Financial Statement. Statement that the amount of taxable profit as calculated through reconciliation is in accordance with the tax return 4. Impact of new Financial Accounting Standard. 3. and amount of income deferred acknowledge in the income statement if the amount is not evodent in the asset or liability of deferred tax acknowledge in the balance sheet 5. Summary of Accounting Policies 8 260 Chapter 8. Recognition of income and overhead 3. Management Discussion and Analysis. and 2. The most current of Financial Accounting Standard and Other Regulations Issues need to be disclosed: 1. The reasons if the hedging is not done. 5. Assets and Liabilities in Foreign Currency Things should be disclosed: 1. Note to the Consolidated Financial Statement. Basis of Earning per share calculation Transactions with affiliated party. Disclosure of whether or not there is a tax dispute . Financial Statement. Nature of the affiliation. 5. covering: 1. 4. Basic concept of Financial Statement 2. Details of Assets and Liabilities in deferred tax presented in the balance sheet in each period of presentatiom. Price Policy and term of transaction and a statement on whether the application of said price policy and term are the same as the price policy and term for transaction with a third party Disclosure related to the matter which must be disclosed other than type and total tax obligation 1. Net position of asset and liabilities in Foreign Currency. Note to the Consolidated Financial Statement. Fiscal Reconciliation and calculation of current tax. Summary of Accounting Policies 11 252 Chapter 8. Explanation of Financial Accounting Standard and the new regulation impacted on Company activities. liabilities. Note to the Consolidated Financial Statement. Related Parties Transactions. Risk Management Policy of Foreign Currency. . and total receivable and or related debts 2. Details of transaction type. Financial Statement. 3. Financial Statement. Summary of Accounting Policies 436 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. Income Statement. name of affiliated party. Explanation of transaction that are not related to the core business and the amount of debt / account receivable in connection with the transaction 4. Details of future contract and its equivalent in Rupiah. Details of individual assets. 2. sales and purchases. Note to the Consolidated Financial Statement. sales and purchase (Charge) to the affiliated parties and percentage against the total assets.

disclosing the related parties. Management Discussion and Analysis. 437 . a description on the related parties in the agreement. issues need to be disclosed: 1. For ties in the form of a lease agreement . amount of charge or income in reporting period. Note to the Consolidated Financial Statement. and amount of guarantee. etc. the period of validity. content and status of the case. the background. Page 371 BRI Annual Report Chapter 8. such as: factory construction. For government regulations that bind the company. For giving guarantee. a description on the parties to be covered and the party receiving the guarantee. Significant Agreement. and separating the affiliated parties and third party for the party being covered. purchase agreement. and other restrictions. 2. basis for determining compensation and fine. Commitment and Contingencies Chapter 3. currency. 5. for example in environmental issues. Risk Management 140 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK. managerial assistance. Financial Statement. 4. 3. For ties in the form of a contract/agreement which requires the use of funds in the future . royalty and license. period of validity.No 12 Criteria Report Year Commitments and Contingencies. total value. investment. agency and distribution. a brief description of regulation and its impact on the company. Operation Review. and a legal opinion. technical. the reason for issuing guarantee. Lawsuit/dispute. and portion realized. the amount being dispute. period of validity of the guarantee. a description on the related parties.

.This page is intentionally left blank 438 ANNUAL REPORT 2010 | PT BANK RAKYAT INDONESIA (PERSERO) TBK.