DEPOSITS FROM OTHER BANKS - INTER-BANK CALL MONEY

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 - 71 -

22. DEPOSITS FROM OTHER BANKS - TIME DEPOSITS AND CERTIFICATES OF DEPOSIT Continued

Certificates of Deposit The annual average interest rate for certificates of deposit is 14.64 and 15.62 for 2002 and 2001, respectively. The terms are as follows: 2002 2001 Rupiah: 1 month 30 265,050 3 months - 1,152,550 6 months - 484,000 12 months - 812,000 Total 30 2,713,600 Less: Unamortized interest - 172,557 30 2,541,043 d. As of December 31, 2002 and 2001, the Bank has no time deposits and certificates of deposit from related party banks . e. As of December 31, 2002 and 2001 time deposits which are frozen and blocked as collateral for bank guarantees and loan and working capital facilities, amounted to Rp17,530 and Rp6,074, respectively.

23. SECURITIES SOLD WITH AGREEMENT TO REPURCHASE

December 31, 2002 Counter-party Commencement date Maturity date Nominal Remark Deutsche Bank Jan 31, 2002 Jan 31, 2004 735,000 Government Bonds FR0002 735,000 The Bank sold Government Bonds with an agreement to repurchase, and entered into a swap transaction with Deutsche Bank. At the beginning of the contract, the Bank received Rupiah in the amount of Rp735,000 and at the maturity date, the Bank will repay US Dollars amounting to US50,000,000 full amount to Deutsche Bank Notes 8 and 11. 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 - 72 -

24. ACCEPTANCES PAYABLE

a. By Currency: 2002 2001 Rupiah: Payable to other banks Related parties - - Non-related parties 46,228 51,039 Total Rupiah 46,228 51,039 Foreign currency: Payable to other banks Related parties - - Non-related parties 2,029,911 1,753,669 Payable to debtors Related parties - - Non-related parties 74,470 - Total Foreign Currency 2,104,381 1,753,669 Total 2,150,609 1,804,708 b. By Maturity: 2002 2001 _____________ Rupiah: Less than 1 month 16,136 28,318 1 - 3 months 23,687 16,467 3 - 6 months 6,405 6,245 6 - 12 months - 9 Over 12 months - - _____________ 46,228 51,039 Foreign currency: Less than 1 month 699,193 218,961 1 - 3 months 990,813 859,577 3 - 6 months 323,814 673,744 6 - 12 months 90,561 1,387 Over 12 months - - _____________ 2,104,381 1,753,669 _____________ 2,150,609 1,804,708