BANK MANDIRI MERGER AND RECAPITALIZATION Continued

PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 25 -

5. CURRENT ACCOUNTS WITH OTHER BANKS

a. By Currency: 2002 2001 Rupiah 2,746 5,095 Foreign currency: Standard Chartered Bank, New York and Hong Kong 91,952 2,482 American Express Bank, New York 48,275 14,395 Bank of California, New York 26,288 - Commerz Bank, Frankfurt 16,534 - Bank of New York, New York 16,117 12,804 United Overseas Bank, Singapore 15,070 21,530 Deutsche Bank, Frankfurt 8,259 - Citibank NA, New York 4,023 63,416 Chase Manhattan Bank, New York 1,658 7,098 Sumitomo Mitsui Banking Corporation, Tokyo 1,470 22,314 Bank One International, New York 1,072 18,300 Bank of Tokyo Mitsubishi Corporation, Tokyo - 27,462 First Union Bank International, New York - 1,416 Others 82,027 71,572 Total foreign currency 312,745 262,789 Total 315,491 267,884 Less: Allowance for possible losses 3,726 2,461 311,765 265,423 b. By Collectibility: As of December 31, 2002 and 2001, all current accounts with other banks are classified as current. c. By Related and Non-related Party: As of December 31, 2002 and 2001, there are no current accounts with related party banks. d. Annual Average Interest Rates for the Year: 2002 2001 Rupiah 2.35 1.36 Foreign currency 1.17 1.15 e. Movements of Allowance for Possible Losses on Current Accounts with Other Banks: 2002 2001 Balance at beginning of year 2,461 10,286 Reversal during the year 2,274 14,936 Others 3,539 7,111 Balance at end of year 3,726 2,461 Includes foreign currency translation. PT BANK MANDIRI PERSERO AND SUBSIDIARIES Notes to the Consolidated Financial Statements Continued December 31, 2002 and 2001 Expressed in millions of Rupiah, unless otherwise stated - 26 -

5. CURRENT ACCOUNTS WITH OTHER BANKS Continued

e. Movements of Allowance for Possible Losses on Current Accounts with Other Banks Continued: The minimum allowance for possible losses on current accounts with other banks, under the guidelines prescribed by Bank Indonesia, as of December 31, 2002 and 2001 are Rp3,726 and Rp2,461, respectively. Management believes that the allowance for possible losses on current accounts with other banks is adequate. f. A current account with a bank amounting to Rp2,568 and Rp2,960 as of December 31, 2002 and 2001, respectively, is used as cash collateral for a bank guarantee issued in favor of a borrower of Bank Mandiri Note 48.

6. PLACEMENTS WITH OTHER BANKS

a. By Type and Currency: 2002 2001 Rupiah: Call money: Bank Indonesia 9,528,396 22,308,181 Bank Panin, Jakarta - 245,000 Bank Mega, Jakarta - 100,000 Bank Bukopin, Jakarta - 40,000 OCBC-NISP Bank, Jakarta - 25,000 Others - 24,500 9,528,396 22,742,681 “Fixed-term placements 168 168 Others 14,858 2,672 Total Rupiah 9,543,422 22,745,521