Investor Presentaiton

The Policy to Normalize Liquidity Continues Without Disrupting Liquidity in The Banking System Principles for Long Term Government Bond Purchasing by Bank Indonesia in the Primary Market Prudent Maintaining the Credibility of Monetary Policy and Maintaining Economic Stability Measured Last Resort Market Mechanism Tradable & Marketable Tradable SUN SBSN Considering the Impact on Inflation standby buyer for GOVERN Uphold Good Governance SUSTAINABLE Non-Public Goods SBN Purchases by Bank Indonesia for State Budget Financing 358.32 17.81 2021 2022* • · • Trillion IDR 400 350 300 250 . 200 150 100 50 0 The first stage of increasing the rupiah reserve requirement, coupled with the Reserve Requirement (RR) incentive since 1st March 2022, has not reduced the banking industry's ability to disburse loans/financing to the corporate sector or participate in SBN purchases to finance the State Revenue and Expenditure Budget (APBN). In March 2022, the ratio of liquid assets to deposits remained high at 32.11%, despite retreating from 32.72% one month earlier, with deposit growth recorded at 9.92% (yoy). Meanwhile, through fiscal-monetary coordination in accordance with the Joint Decree of the Minister of Finance and Governor of Bank Indonesia, effective until 31st December 2022, Bank Indonesia has continued to purchase SBN in the primary market to fund the national economic recovery as part of the State Budget in 2022 totalling Rp17.81 trillion (as of 14th April 2022) via primary auction, greenshoe options and private placement. SBN purchases by Bank Indonesia take careful consideration SBN market conditions and the impact on liquidity in the economy. into In March 2022, liquidity in the economy remained ample, as reflected by narrow money (M1) and broad money (M2) aggregates, which grew 18.68% (yoy) and 13.27% (yoy) respectively. Purchase of SBN for State Budget Financing Source: Bank Indonesia. * Data as of 12 April 2022 Source: Bank Indonesia 96

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