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 New Regulation NPL/NPF Criteria Met Property Loans/Financing NPL/NPF Criteria Not Met* Property Loans/Financing based on Murabahah and Istishna Contracts Property Financing based on MMO and IMBT Source: Bank Indonesia Facility based on Murabahah and Istishna Contracts 1 22 Property Financing based on MMQ and IMBT Contracts 1 22 based on Murabahah and Istishna Contracts 12 23 1 2 a Facility 1 based on Murabahah and Istishna Contracts 27 Property Financing based on MMO and IMBI Contracts Contracts 1 22 1 2 23 1 2 23 Landse House Type >70 Type>21-70. Type 321 Apartment Type>70 Type>21-70 85% 90% 90% 95% 85% 75% 65% 90% 80% 70% |85% 75%| 85% 75% - - - - Landee 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% 85% 90% 90% 90% 85% 75% 65% 90% 80% 70% 95% 85% 75% 95% 85% 75% Apartment Type >70 Type 521 90% 90% 85% 75% 85% 75% Type >21-70 100% 100% Shop House/Office 90% 90% 85% 75% 85% 75% Type ≤21 100% 100% 100% 100% 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/PBL 2019. NPLANPF Criteria 1. Gross NPL/NPF ratio <5%; and 2. Not NPLAPF ratio on property cans/financing <5% 126

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