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Wholesale Banking Strategy

MACROECONOMIC UPDATE Indonesia Macroeconomic Projection LOAN & DEPOSIT GROWTH (% YoY) FX RATES (IDR/USD) 15,000 14,800 14,600 11.1 11.3 PROJECTION 9.4 ¡ PROJECTION 14,525 14,500 14,456 14,442 14,323 14,341 14,326 14,357 14,400 14,200 14,050 6.5 6.1 6.3 6.0 14,000 5.4 5.4 13,806 4.9 4.9 4.4 4.3 4.4 3.7 2.2 0.6 ப 3.8 13,800 13,600 13,400 13,200 FY 2019 FY 2020 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 FY 2019 FY 2020 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 -2.4 Loan Growth Deposit Growth -3.8 GDP GROWTH & INFLATION RATE (% YoY) 7.00 7.1 6.00 TREND OF INTEREST RATE 1 PROJECTION 5.00 - BI 7D RR PROJECTION 5.00 5.1 5.0 4.8 4.6 3.75 3.75 4.5 4.3 4.00 3.50 3.50 3.50 3.50 3.50 3.50 3.50 3.0 2.7 2.8 2.8 3.00 2.5 1.7 1.6 1.5 1.7 Fed Rate 1.4 1.3 2.00 1.25 1.00 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 FY 2019 FY 2020 Q1-21 Q2-21 Q3-21 -0.7 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 FY 2019 FY 2020 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 -2.1 Inflation Rate ■GDP Growth 22
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