CURRENT ACCOUNTS WITH OTHER BANKS

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 - 27 -

6. PLACEMENTS WITH OTHER BANKS Continued

a. By Type and Currency continued: 2002 2001 Foreign Currency Call Money: JP Morgan Chase, New York 1,687,075 - ABN AMRO Bank, New York 900,370 - Wachovia Bank N.A, New York 891,420 - Sumitomo Bank, Singapore 223,750 - Bank One International, London 143,648 10,400 Indosesische Overzeese Bank, Singapore 68,020 - Credit Agricole Indosuez, Singapore 53,700 - Hongkong Shanghai Bank Corporation, London 51,135 76,763 Banca Nazionale Del Lavoro, Singapore and London 49,225 260,000 Lloyds TSB Bank, London 44,750 158,600 Bank Internasional Indonesia, Jakarta - 197,600 Société Généralé, Hong Kong - 182,000 Bank Negara Indonesia, London - 179,430 Overseas Union Bank, Singapore - 135,200 Commerzbank, Singapore - 91,000 Others 232,513 509,977 4,345,606 1,800,970 “Fixed-term” placements: Wachovia Bank, London 268,500 - Den Norske Bank, Norway 141,768 - Sumitomo Mitsui Banking Corporation, Singapore 134,250 - BNP Paribas, Hong Kong 134,250 135,328 Standard Chartered Bank, Singapore 61,925 - JP Morgan Chase Bank, New York - 9,667,320 DBS Bank, Singapore - 101,826 Standard Chartered Bank, Singapore - 25,870 Others 23,717 905,352 764,410 10,835,696 Time deposits: United Overseas Banking, Singapore 89,500 - Bank Negara Indonesia, Hong Kong 62,650 - Banca Nazionale, Singapore 53,700 - ABN Amro Bank, Hong Kong 23,526 - Tokai Bank, Singapore - 145,738 Indosesische Overzeese Bank, Singapore - 48,926 Standard Chartered Bank, Singapore - 34,868 Others 15,323 10,410 244,699 239,942 Others - 687 Total foreign currency 5,354,715 12,877,295 Total placements with other banks 14,898,137 35,622,816 Less: Allowance for possible losses 51,317 134,463 14,846,820 35,488,353 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 - 28 -

6. PLACEMENTS WITH OTHER BANKS Continued

b. By Collectibility: 2002 2001 Current 14,897,969 35,622,648 Loss 168 168 Total 14,898,137 35,622,816 Less: Allowance for possible losses 51,317 134,463 14,846,820 35,488,353 c. Bank Mandiri has no placements with related party banks. d. Annual Average Interest Rates for the Year: 2002 2001 Rupiah 11.77 14.31 Foreign currency 2.08 4.29 e. The placements with other banks are for the periods ranging from 1 to 365 days and 1 to 180 days in 2002 and 2001, respectively. f. A placement amounting to Rp141,768 and Rp164,736 as of December 31, 2002 and 2001, respectively is a pledge cash collateral for a bank guarantee in favor of a borrower of Bank Mandiri Note 48. g. Movements of Allowance for Possible Losses on Placements with Other Banks: 2002 2001 Balance at beginning of year 134,463 80,597 Reversalprovision during the year 50,691 66,838 Others 32,455 12,972 Balance at end of year 51,317 134,463 Includes foreign currency translation. The minimum allowances for possible losses on placements with other banks, under the guidelines prescribed by Bank Indonesia, as of December 31, 2002 and 2001 are Rp51,317, and Rp134,463, respectively. Management believes that the allowance for possible losses on placements with other banks is adequate.