The ratings of Bank Maybank Indonesia’s maturing sukuk and bond affirmed at “idAAA(sy)” and “idAAA”

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1. Press Release April 9 , 2020 PT Bank Maybank Indonesia Tbk Analysts: Kreshna D. Armand / Imelda Rusli Phone/Fax/E-mail: (62-21) 7278 2380 / 7278 2370 / kreshna.armand@pefindo.co.id / imelda.rusli@pefindo.co.id CREDIT PROFILE Corporate Rating FINANCIAL HIGHLIGHTS idAAA/Stable Rated Issues SR Sukuk Mudharabah II Phase I/2017 idAAA(sy) SRB III Phase I/2019 Series A idAAA Rating Period SR Sukuk Mudharabah II Phase I/2017 : April 7, 2020 – July 11, 2020 SRB III Phase I/2019 Series A : April 7, 2020 – July 13, 2020 Rating History MAR 2020 MAR 2019 MAR 2018 MAR 2017 APR 2016 APR 2015 APR 2014 idAAA/Stable idAAA/Stable idAAA/Stable idAAA/Stable idAAA/Stable idAAA/Stable idAAA/Stable As of/for the year ended Total assets [IDR bn] Total equity [IDR bn] (1 Total gross loans [IDR bn] (2 Total cust. deposits [IDR bn] Net interest revenue [IDR bn] Net income [IDR bn] (3 NIR/average earning assets [%] Operating expense/income [%] ROAA [%] (3 NPL (3-5)/gross loans [%] (2 Loan loss reserve/NPL (3-5) [%] Risk weighted CAR [%] Gross loans/total deposits [%] USD exchange rate [USD/IDR] Dec-2019 (Audited) (2 169,082.8 26,249.4 122,578.8 110,601.0 8,168.0 1,924.2 5.0 85.7 1.1 3.2 64.5 21.4 110.8 13,883 Dec-2018 (Audited) 177,532.9 24,717.8 133,349.5 116,812.4 8,099.9 2,262.2 4.9 82.2 1.3 2.5 68.7 19.0 114.2 14,380 Dec-2017 (Audited) 173,253.5 20,463.8 125,435.9 121,291.6 7,702.2 1,860.8 4.8 85.7 1.1 2.7 62.7 17.5 103.4 13,568 Dec-2016 (Audited) 166,678.9 19,016.2 (4 121,787.0 118,932.0 7,430.3 1,967.3 4.8 85.2 1.2 4) 3.3 4) 54.7 16.8 102.4 13,473 total equity attributable to equity holders of the parent company including consumer financing receivables (3 including non-controlling interest (4 including non-controlling interest The above ratios have been computed based on information from the company and published accounts. Where applicable, some items have been reclassified according to PEFINDO’s definitions. (1 (2 The ratings of Bank Maybank Indonesia’s maturing sukuk and bond affirmed at “idAAA(sy)” and “idAAA” PEFINDO has affirmed its “idAAA(sy)” and “idAAA” ratings for PT Bank Maybank Indonesia Tbk (Bank Maybank Indonesia)’s maturing Shelf Registered Sukuk Mudharabah II Phase I Year 2017 and Shelf Registered Bond III Phase I Year 2019 Series A with the amount of IDR266 billion and IDR308 billion due on July 11, 2020 and July 13, 2020, respectively. The Bank’s readiness to repay its maturing sukuk and bond is supported by its liquid assets in the form of placements in Bank Indonesia, which at end of February 2020 amounted to IDR14.0 trillion. A debt security rated idAAA has the highest rating assigned by PEFINDO. The obligor’s capacity to meet its long-term financial commitments on the debt security, relative to other Indonesian obligors, is superior. Suffix (sy) indicates that the rating mandates Islamic principles compliant. Maybank Indonesia is engaged in conventional and sharia banking services. Its major shareholders are Sorak Financial Holdings Pte Ltd (45.02%) and Maybank Offshore Corporate Services (Labuan) Sdn Bhd (33.96%), which are both subsidiaries of Maybank. UBS AG, London branch owns 18.31% and the remaining 2.71% are held by the public. As of December 31, 2019, it had 374 branches and 6,603 employees. DISCLAIMER The rating contained in this report or publication is the opinion of PT Pemeringkat Efek Indonesia (PEFINDO) given based on the rating result on the date the rating was made. The rating is a forward-looking opinion regarding the rated party’s capability to meet its financial obligations fully and on time, based on assumptions made at the time of rating. The rating is not a recommendation for investors to make investment decisions (whether the decision is to buy, sell, or hold any debt securities based on or related to the rating or other investment decisions) and/or an opinion on the fairness value of debt securities and/or the value of the entity assigned a rating by PEFINDO. All the data and information needed in the rating process are obtained from the party requesting the rating, which are considered reliable in conveying the accuracy and correctness of the data and information, as well as from other sources deemed reliable. PEFINDO does not conduct audits, due diligence, or independent verifications of every information and data received and used as basis in the rating process. PEFINDO does not take any responsibility for the truth, completeness, timeliness, and accuracy of the information and data referred to. The accuracy and correctness of the information and data are fully the responsibility of the parties providing them. PEFINDO and every of its member of the Board of Directors, Commissioners, Shareholders and Employees are not responsible to any party for losses, costs and expenses suffered or that arise as a result of the use of the contents and/or information in this rating report or publication, either directly or indirectly. PEFINDO generally receives fees for its rating services from parties who request the ratings, and PEFINDO discloses its rating fees prior to the rating assignment. PEFINDO has a commitment in the form of policies and procedures to maintain objectivity, integrity, and independence in the rating process. PEFINDO also has a “Code of Conduct” to avoid conflicts of interest in the rating process. Ratings may change in the future due to events that were not anticipated at the time they were first assigned. PEFINDO has the right to withdraw ratings if the data and information received are determined to be inadequate and/or the rated company does not fulfill its obligations to PEFINDO. For ratings that received approval for publication from the rated party, PEFINDO has the right to publish the ratings and analysis in its reports or publication, and publish the results of the review of the published ratings, both periodically and specifically in case there are material facts or important events that could affect the previous ratings. Reproduction of the contents of this publication, in full or in part, requires written approval from PEFINDO. PEFINDO is not responsible for publications by other parties of contents related to the ratings given by PEFINDO. http://www.pefindo.com April 2020