Investor Presentaiton

Adjustment of LTV/FTV ratio on Housing loans/financing (effective from 1st March 2021 until 31st December 2021) Bank Indonesia relaxes he Loan/Financing-to-Value (LTV/FTV) ratio on housing loans/financing to maximum 100% on all residential property (landed houses, apartments and shop houses/office houses) for banks meeting specific NPL/NPF criteria, and repealing regulations on the gradual liquidation of partially prepaid property to stimulate credit growth in the property sector, while maintaining prudential principles and risk management, Policy Objectives and Background a. In response to the latest global and domestic developments, Bank Indonesia is maintaining an accommodative policy mix in line with efforts to stimulate economic recovery and maintain financial system stability. b. C. d. Considering the need to stimulate recovery, particularly in the property sector, and considering the sector has strong backward and forward economic linkages. The amendment also takes into consideration the contained credit/financing risk in the property sector. The LTV ratio is set at an upper limit of 100% for banks meeting the NPL/NPF requirements and regulations concerning the liquidation of partially prepaid property (inden) are being relaxed, which must comply with prudential principles and risk management. a. Changes to LTV/FTV Ratio on Non-Green Property Loans/Financing Current Regulation NPL/NPF Criteria Met Property Loans Financing NPL/NPF Criteria Not Met* Property Loans/Financing Property Financing based on MMO and IMBT Contracts 田 New Regulation NPL/NPF Criteria Met Property Loans/Financing based on NPL/NPF Criteria Not Met* Property Loans/Financing based on Murabahah and Istishna Contracts Property Financing based on MMO Source: Bank Indonesia Property Facility 1 based on Murabahah and Istishna Contracts 22 Financing based on MMQ and IMBI Contracts 1 22 based on Murabahah and Istishna Contracts 12 23 Murabahah and Property Financing based on MMO and IMBT Contracts and IMBI Contracts 12 23 Facility Istishna Contracts 1 22 1 22 1 2 23 1 2 23 Landee House Type >70 85% 90% Type>21-70 90% 95% 85% 75% 65% 90% 80% 70% 85% 75% |85% 75%| Type ≤21 Apartment - - - - Landec House Type >70 Type >21-70 Type ≤21 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 95% 95% 95% 90% 90% 95% 90% 90% 95% 95% 95% 95% 95% 95% 100 100 % % 95% 95% Type >70 85% 90% Type >21-70 90% 90% Type ≤21 90% 90% 85% 75% 65% 90% 80% 70% 95% 85% 75% 95% 85% 75% 85% 75% 85% 75% Apartment - Type >70 Type >21-70 100% 100% 100% 100% 100% 100% Shop House/Office 90% 90% 85% 75% 85% 75% Type ≤21 100% 100% 100% 100% 95% 95% House Notes: Shop House Office House 100% 100% 100% 100% 95% 90% 90% 95% 90% 90% 100% 95% 95% 95% 95% 95% 95% 100 100 % % 100% 95% 90% 90% 95% 90% 90% 95% 95% 1. denotes LTV ratio policy at bank discretion 2. Based on PB No. 21/13/PBU2019 *) NPLANPF Criteria: 1. Gross NPL/NPF ratio <5%; and 2. Net NPL/NPF ratio on property loans/finanong <<5% 139

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