CURRENT ACCOUNTS WITH BANK INDONESIA

PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 31

5. CURRENT ACCOUNTS WITH BANK INDONESIA

June 30, 2004 June 30, 2003 April 30, 2003 Rupiah 7,930,804 8,723,239 8,176,159 United States Dollar 1,447,833 1,293,136 1,467,062 9,378,637 10,016,375 9,643,221 The current accounts with Bank Indonesia are primarily maintained to meet the minimum legal reserve requirements of Bank Indonesia of 5 and 3 of Rupiah and US Dollar deposits, respectively. The reserve requirement ratio unaudited of the Bank for its Rupiah and US Dollar accounts as of June 30, 2004 and 2003, and April 30, 2003 is as follows: June 30, 2004 June 30, 2003 April 30, 2003 Rupiah 5.08 5.26 5.07 United States Dollar 3.01 3.01 3.01 6. CURRENT ACCOUNTS WITH OTHER BANKS a. By Currency: June 30, 2004 June 30, 2003 April 30, 2003 Rupiah 12,737 11,179 3,882 Foreign Currency: Standard Chartered Bank, New York 111,582 62,842 - Bank of California, New York 78,553 33,416 15,154 American Express Bank Ltd., New York 70,429 207,504 49,977 Australia New Zealand Banking Group Ltd., Dili 39,493 - - JP Morgan Chase Bank, New York 30,512 - 29,915 Bankers Trust Company, New York 29,856 156,709 - Bayerische Hypo-und Vereinsbank AG, Singapore 21,993 - - Bank Central, Timor Leste 20,962 - - Mizuho Bank Ltd, Singapore 16,626 - - Standard Chartered Bank, Hongkong 12,870 - - Bank of New York, New York 10,999 16,750 - Bank One International, New York 10,320 - - Union Overseas Bank Limited, Singapore 10,236 13,304 - Sumitomo Mitsui Banking Corporation, Tokyo 10,230 21,802 10,485 Wachovia Bank N,A, New York - 99,263 - Chase Manhattan, New York - 15,281 - Deutsche Bank AG, Frankfurt - - 64,862 Australia New Zealand Banking Group Ltd., Melbourne - - 55,238 Deutsche Bank AG, Jakarta - - 52,678 Westpac Banking Corporation, Sydney - - 31,867 United Overseas Bank Limited, Singapore - - 11,821 Others 132,568 91,554 90,366 Total Foreign Currency 607,229 718,425 412,363 Total 619,966 729,604 416,245 Less: Allowance for possible losses 5,070 7,464 3,594 614,896 722,140 412,651 PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS June 30, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated 32

6. CURRENT ACCOUNTS WITH OTHER BANKS continued