PSAK 65, Laporan Keuangan Konsolidasian. PSAK 65, Consolidated Financial Statements

109

P.T. BANK RESONA PERDANIA DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2014 (Lanjutan)

P.T. BANK RESONA PERDANIA AND ITS SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 (Continued)

Perubahan pada ketiga PSAK ini, terutama merupakan penyesuaian atas pengaturan nilai wajar pada PSAK lain, termasuk PSAK 15, PSAK 65, PSAK 66, PSAK 4 dan PSAK 68. PSAK 50 memberikan pengaturan yang lebih spesifik terkait kriteria untuk melakukan saling hapus aset dan liabilitas keuangan. Perubahan PSAK 55 mengatur tentang pengukuran dan reklasifikasi derivatif melekat dan PSAK 60 mengatur pengungkapan tambahan terkait nilai wajar dan risiko likuiditas.

The amendment of these PSAKs mainly related to the changes in others PSAK, including PSAK 15, PSAK 65, PSAK 66, PSAK 4 and PSAK 68. PSAK 50 provides more specific arrangement related to the criteria for netting of financial assets and financial liabilities. The changes in PSAK 55 deals with measurement and reclassification of embedded derivative and PSAK 60 deals with additional disclosures relates to the fair value and liquidity risk.





PSAK 65, Konsolidasian

Laporan

Keuangan



PSAK 65, Statements

Consolidated

Financial

PSAK 65 menggantikan bagian dari PSAK 4 (Revisi 2009), Laporan Keuangan Konsolidasian dan Tersendiri, yang mengatur laporan keuangan konsolidasian, dan ISAK 7, Konsolidasian – Entitas Bertujuan Khusus.

PSAK 65 replaces the part of PSAK 4 (Revised 2009), Consolidated and Separate Financial Statements, that deals with consolidated financial statements, and ISAK 7, Consolidation – Special Purpose Entities.

Berdasarkan PSAK 65, terdapat hanya satu dasar untuk konsolidasian bagi seluruh entitas, yaitu pengendalian. Definisi pengendalian yang lebih tegas dan diperluas termasuk tiga elemen: (a) kekuasaan atas investee; (b) eksposur atau hak atas imbal hasil variabel dari keterlibatannya dengan investee; dan (c) kemampuan untuk menggunakan kekuasaannya atas investee untuk mempengaruhi jumlah imbal hasil investor. PSAK 65 juga menambahkan pedoman penerapan untuk membantu dalam penilaian apakah investor mengendalikan investee dalam skenario yang kompleks.

Under PSAK 65, there is only one basis for consolidation for all entities, and that is control. A more robust definition of control has been developed that includes three elements: (a) power over an investee; (b) exposure, or rights, to variable returns from its involvement with the investee; and (c) ability to use its power over the investee to affect the amount of the investor’s returns. PSAK 65 also adds application guidance to assist in assessing whether an investor controls an investee in complex scenarios.

PSAK 65 mensyaratkan investor menilai kembali apakah investor tersebut mempunyai pengendalian atas investee pada saat ketentuan transisi, dan mensyaratkan penerapan pernyataan ini secara retrospektif.

PSAK 65 requires investors to reassess whether or not they have control over the investees on transition, and requires retrospective application.

PSAK 66, Pengaturan Bersama



PSAK 66, Joint Arrangements

PSAK 66 menggantikan PSAK 12, Bagian Partisipasi dalam Ventura Bersama. Berdasarkan PSAK 66, pengaturan bersama diklasifikasikan sebagai operasi bersama atau pengendalian bersama, tergantung pada hak dan kewajiban dari pihak-pihak dalam perjanjian.

PSAK 66 replaces PSAK 12, Interest in Joint Ventures. Under PSAK 66, joint arrangements are classified as joint operations or joint ventures, depending on the rights and obligations of the parties to the arrangements.

Pilihan kebijakan akuntansi metode konsolidasi proposional yang ada untuk pengendalian bersama entitas telah dihapuskan. Ventura bersama berdasarkan PSAK 66 disyaratkan untuk dicatat dengan menggunakan akuntansi metode ekuitas.

The existing policy choice of proportionate consolidation for jointly controlled entities has been eliminated. Joint ventures under PSAK 66 are required to be accounted for using the equity method of accounting.

- 13 -

PT Bank Resona Perdania | 2014 Annual Report

110



Ketentuan transisi PSAK 66 mensyaratkan entitas untuk menerapkan standar pada awal permulaan dari periode sajian terawal pada saat penerapan.

The transition provisions of PSAK 66 require entities to apply the standard at the beginning of the earliest period presented upon adoption.



PSAK 67, Pengungkapan Kepentingan dalam Entitas Lain



PSAK 67 berlaku untuk entitas yang mempunyai kepentingan dalam entitas anak, pengaturan bersama, entitas asosiasi atau entitas terstruktur yang tidak dikonsolidasi. Standar ini menetapkan tujuan pengungkapan dan menentukan pengungkapan minimum yang entitas harus sajikan untuk memenuhi tujuan tersebut. Tujuan PSAK 67 adalah bahwa entitas harus mengungkapkan informasi yang membantu para pengguna laporan keuangan untuk mengevaluasi sifat dan risiko yang terkait dengan kepentingannya dalam entitas lain dan dampak dari kepentingan tersebut terhadap laporan keuangannya. 

PSAK 67, Disclosures of Interests in Other Entities PSAK 67 is applicable to entities that have interests in subsidiaries, joint arrangements, associates or unconsolidated structured entities. The establishes disclosure standard objectives and specifies minimum disclosures that entities must provide to meet those objectives. The objective of PSAK 67 is that an entity should disclose information that helps users of financial statements evaluate the nature of, and risks associated with, its interests in other entities and the effects of those interests on its financial statements.

PSAK 68, Pengukuran Nilai Wajar



PSAK 68, Fair Value Measurements

PSAK 68 menetapkan acuan tunggal atas pengukuran nilai wajar dan pengungkapan atas pengukuran nilai wajar. Standar tersebut tidak mengubah persyaratan mengenai pos-pos yang harus diukur atau diungkapkan pada nilai wajar.

PSAK 68 establishes a single source of guidance for fair value measurements and disclosures about fair value measurements. The standard does not change the requirements regarding which items should be measured or disclosed at fair value.

PSAK 68 mendefinisikan nilai wajar, menetapkan suatu kerangka dasar atas pengukuran nilai wajar, dan mensyaratkan pengungkapan tentang pengukuran nilai wajar. Ruang lingkup PSAK 68 adalah luas; Standar tersebut berlaku baik pada pos-pos instrumen keuangan dan pos-pos instrumen non-keuangan ketika PSAK lain mensyaratkan atau mengijinkan pengukuran nilai wajar dan pengungkapan atas pengukuran nilai wajar, kecuali kondisi tertentu. Pada umumnya persyaratan pengungkapan dalam PSAK 68 adalah lebih luas dari pada standar yang diharuskan saat ini. PSAK 68 mendefinisikan nilai wajar adalah harga yang akan diterima untuk menjual aset atau harga yang akan dibayar untuk mengalihkan suatu liabilitas dalam transaksi teratur antara pelaku pasar pada tanggal pengukuran.

PSAK 68 defines fair value, establishes a framework for measuring fair value, and requires disclosure about fair value measurements. The scope of PSAK 68 is broad; it applies to both financial instrument items and non-financial instrument items for which other PSAK require or permit fair value measurements and disclosures about fair value measurements, except in specified circumstances. In general, the disclosure requirements in PSAK 68 are more extensive than those required by the current standards. PSAK 68 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in orderly transaction between market participants at the measurement date.

PSAK 68 diterapkan secara prospektif; persyaratan pengungkapan ini tidak perlu diterapkan dalam informasi komparatif yang disediakan untuk periode sebelum penerapan awal standar ini.

PSAK 68 is applied prospectively; the disclosure requirements need not be applied in comparative information provided for periods before initial application of the standard.

- 14 -

PT Bank Resona Perdania | Laporan Tahunan 2014

111



Penerapan PSAK 1 akan berdampak atas penyajian pos-pos penghasilan komprehensif lain dari laporan keuangan konsolidasian Grup. Penerapan atas amendemen terhadap PSAK 24 akan berdampak terhadap jumlah yang dilaporkan dalam program imbalan pasti Grup.

The application of PSAK 1 will impact the presentation of the other comprehensive income items of the Group’s consolidated financial statements. The application of the amendments to PSAK 24 will have impact on the amounts reported in respect of the Group’s defined benefit plans.

Sampai dengan tanggal penerbitan laporan keuangan konsolidasian, manajemen sedang mengevaluasi dampak dari standar terhadap laporan keuangan konsolidasian.

As of the issuance date of the consolidated financial statements, management is evaluating the effect of these standards on the consolidated financial statements.

3.

KEBIJAKAN AKUNTANSI a.

3.

Pernyataan Kepatuhan

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a.

Laporan keuangan konsolidasian telah disusun sesuai dengan Standar Akuntansi Keuangan di Indonesia.

b.

Statement of compliance The consolidated financial statements have been prepared in accordance with Indonesian Financial Accounting Standards. These financial statements are not intended to present the financial position, result of operations and cash flows in accordance with accounting principles and reporting practices generally accepted in other countries and jurisdictions.

b.

Dasar Penyusunan

Basis of Preparation

Dasar penyusunan laporan keuangan konsolidasian, kecuali untuk laporan arus kas konsolidasian adalah dasar akrual. Mata uang yang digunakan untuk penyajian laporan keuangan konsolidasian adalah mata uang Rupiah. Laporan keuangan konsolidasian disusun berdasarkan nilai historis, kecuali beberapa akun tertentu disusun berdasarkan pengukuran lain sebagaimana diuraikan dalam kebijakan akuntansi masing-masing akun tersebut.

The consolidated financial statements, except for the consolidated statements of cash flows, have been prepared under the accrual basis of accounting. The presentation currency of the consolidated financial statements is the Indonesian Rupiah while the measurement basis is the historical cost, except for certain accounts which are measured on the basis described in the related accounting policies.

Laporan arus kas konsolidasian disusun dengan menggunakan metode tidak langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan. Untuk tujuan penyajian laporan arus kas konsolidasian, kas dan setara kas terdiri dari kas, giro pada Bank Indonesia, giro pada bank lain, penempatan pada Bank Indonesia dan bank lain dan Sertifikat Bank Indonesia yang jatuh tempo dalam waktu tiga bulan atau kurang dari tanggal perolehannya dan yang tidak dijaminkan serta tidak dibatasi penggunaannya.

The consolidated statements of cash flows have been prepared using the indirect method with classifications of cash flows into operating, investing and financing activities. For the purpose of the consolidated statements of cash flows, cash and cash equivalents consist of cash, demand deposits with Bank Indonesia and demand deposits with other banks, placement with Bank Indonesia and other banks and Bank Indonesia Certificates (SBI) with maturities of three months or less from the date of placement and not pledged nor restricted.

- 15 -


112


c.


Dasar Konsolidasian

c.

Basis of Consolidation

Laporan keuangan konsolidasian menggabungkan laporan keuangan Bank dan entitas yang dikendalikan oleh Bank (entitas anak). Pengendalian dianggap ada apabila Bank mempunyai hak untuk mengatur kebijakan keuangan dan operasional suatu entitas untuk memperoleh manfaat dari aktivitasnya.

The consolidated financial statements incorporate the financial statements of the Bank and the entity controlled by the Bank (its subsidiary). Control is achieved where the Bank has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Hasil entitas anak yang diakuisisi atau dijual selama tahun berjalan termasuk dalam laporan laba rugi komprehensif konsolidasian sejak tanggal efektif akuisisi dan sampai dengan tanggal efektif pelepasan.

Income and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statements of comprehensive income from the effective date of acquisition and up to the effective date of disposal, as appropriate.

Jika diperlukan, penyesuaian dapat dilakukan terhadap laporan keuangan entitas anak agar kebijakan akuntansi yang digunakan sesuai dengan kebijakan akuntansi yang digunakan oleh Grup.

Where necessary, adjustments are made to the financial statements of the subsidiary to bring the accounting policies used in line with those used by the Group.

Seluruh transaksi intra kelompok usaha, saldo, penghasilan dan beban dieliminasi pada saat konsolidasian.

All intra-group transactions, balances, income and expenses are eliminated on consolidation.

Kepentingan non-pengendali pada entitas anak diidentifikasi secara terpisah dan disajikan dalam ekuitas. Nilai tercatat kepentingan non-pengendali adalah jumlah kepentingan non-pengendali pada pengakuan awal ditambah dengan proporsi kepentingan non-pengendali atas perubahan selanjutnya dalam ekuitas. Seluruh laba rugi komprehensif diatribusikan pada kepentingan non-pengendali bahkan jika hal ini mengakibatkan kepentingan nonpengendali mempunyai saldo defisit.

Non-controlling interests in the subsidiary are identified separately and presented within equity. The carrying amount of noncontrolling interests is the amount of those interests at initial recognition plus noncontrolling interests’ share of subsequent changes in equity. Total comprehensive income is attributed to non-controlling interests even if this results in the noncontrolling interests having a deficit balance.

Perubahan dalam bagian kepemilikan Grup pada entitas anak yang tidak mengakibatkan hilangnya pengendalian dicatat sebagai transaksi ekuitas. Nilai tercatat kepentingan Grup dan kepentingan non-pengendali disesuaikan untuk mencerminkan perubahan bagian kepemilikannya atas entitas anak. Setiap perbedaan antara jumlah kepentingan non-pengendali disesuaikan dan nilai wajar imbalan yang diberikan atau diterima diakui secara langsung dalam ekuitas dan diatribusikan pada pemilik entitas induk.

Changes in the Group’s interests in subsidiary that do not result in a loss of control are accounted for as equity transactions. The carrying amounts of the Group’s interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiary. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the parent entity.

- 16 -


113


d.


Kombinasi Bisnis

d.

Business Combinations

Akuisisi bisnis dicatat dengan menggunakan metode akuisisi. Imbalan yang dialihkan dalam suatu kombinasi bisnis diukur pada nilai wajar, yang dihitung sebagai hasil penjumlahan dari nilai wajar tanggal akuisisi atas seluruh aset yang dialihkan oleh Grup, liabilitas yang diakui oleh Grup kepada pemilik sebelumnya dari pihak yang diakuisisi dan kepentingan ekuitas yang diterbitkan oleh Grup dalam pertukaran pengendalian dari pihak yang diakuisisi. Biaya-biaya terkait akuisisi diakui di dalam laba rugi pada saat terjadinya.

Acquisitions of businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred by the Group, liabilities incurred by the Group to the former owners of the acquiree, and the equity interests issued by the Group in exchange for control of the acquiree. Acquisition-related costs are recognized in profit or loss as incurred.

Pada tanggal akuisisi, aset teridentifikasi yang diperoleh dan liabilitas yang diambil alih diakui pada nilai wajar kecuali untuk aset dan liabilitas tertentu yang diukur sesuai dengan standar yang relevan.

At the acquisition date, the identifiable assets acquired and the liabilities assumed are recognized at their fair value except for certain assets and liabilities that are measured in accordance with the relevant standards.

Kepentingan non-pengendali diukur baik pada nilai wajar ataupun pada proporsi kepemilikan kepentingan non-pengendali atas aset neto teridentifikasi dari pihak yang diakuisisi.

Non-controlling interests are measured either at fair value or at the non-controlling interests’ proportionate share of the acquiree’s identifiable net assets.

Bila imbalan yang dialihkan oleh Grup dalam suatu kombinasi bisnis termasuk aset atau liabilitas yang berasal dari pengaturan imbalan kontinjen (contingent consideration arrangement), imbalan kontinjen tersebut diukur pada nilai wajar pada tanggal akuisisi dan termasuk sebagai bagian dari imbalan yang dialihkan dalam suatu kombinasi bisnis. Perubahan dalam nilai wajar atas imbalan kontinjen yang memenuhi syarat sebagai penyesuaian periode pengukuran disesuaikan secara retrospektif, dengan penyesuaian terkait terhadap goodwill. Penyesuaian periode pengukuran adalah penyesuaian yang berasal dari informasi tambahan yang diperoleh selama periode pengukuran (yang tidak melebihi satu tahun sejak tanggal akuisisi) tentang fakta-fakta dan kondisi yang ada pada tanggal akuisisi.

When the consideration transferred by the Group in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition-date fair value and included as part of the consideration transferred in a business combination. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments against goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the measurement period (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.

Perubahan selanjutnya dalam nilai wajar atas imbalan kontinjen yang tidak memenuhi syarat sebagai penyesuaian periode pengukuran tergantung pada bagaimana imbalan kontinjen tersebut diklasifikasikan. Imbalan kontinjen yang diklasifikasikan sebagai ekuitas tidak diukur kembali pada tanggal sesudah tanggal pelaporan dan penyelesaian selanjutnya dicatat dalam ekuitas. Imbalan kontinjen yang diklasifikasikan sebagai asset atau liabilitas diukur setelah tanggal pelaporan sesuai dengan standar akuntansi yang relevan dengan mengakui keuntungan atau kerugian terkait dalam laba rugi atau dalam pendapatan komprehensif lain (OCI).

The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Contingent consideration that is classified as an asset or liability is remeasured subsequent to reporting dates in accordance with the relevant accounting standards, as appropriate, with the corresponding gain or loss being recognized in profit or loss or in other comprehensive income.

- 17 -


114


e.


Bila suatu kombinasi bisnis dilakukan secara bertahap, kepemilikan terdahulu Grup atas pihak terakuisisi diukur kembali ke nilai wajar pada tanggal akuisisi dan keuntungan atau kerugiannya, jika ada, diakui dalam laba rugi. Jumlah yang berasal dari kepemilikan sebelum tanggal akuisisi yang sebelumnya telah diakui dalam pendapatan komprehensif lain direklasifikasi ke laba rugi dimana perlakuan tersebut akan sesuai jika kepemilikannya dilepas/dijual.

When a business combination is achieved in stages, the Group’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date and the resulting gain or loss, if any, is recognized in profit or loss. Amounts arising from interests in the acquire prior to the acquisition date that have previously been recognized in other comprehensive income are reclassified to profit or loss where such treatment would be appropriate if that interests were disposed of.

Jika akuntansi awal untuk kombinasi bisnis belum selesai pada akhir periode pelaporan saat kombinasi terjadi, Grup melaporkan jumlah sementara untuk pos-pos yang proses akuntansinya belum selesai dalam laporan keuangannya. Selama periode pengukuran, pihak pengakuisisi menyesuaikan, aset atau liabilitas tambahan yang diakui, untuk mencerminkan informasi baru yang diperoleh tentang fakta dan keadaan yang ada pada tanggal akuisisi dan, jika diketahui, akan berdampak pada jumlah yang diakui pada tanggal tersebut.

If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period, or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amount recognized as of that date.

Transaksi dan Saldo Dalam Mata Uang Asing

e.

Pembukuan tersendiri dari masing-masing entitas dalam Grup diselenggarakan dalam mata uang Rupiah yang merupakan mata uang fungsionalnya. Transaksi-transaksi selama tahun berjalan dalam mata uang asing dicatat dengan kurs yang berlaku pada saat terjadinya transaksi. Pada tanggal pelaporan, aset dan liabilitas moneter dalam mata uang asing disesuaikan dalam mata uang Rupiah dengan menggunakan kurs spot Reuters pukul 16.00 WIB untuk mencerminkan kurs yang berlaku pada tanggal tersebut. Keuntungan atau kerugian kurs yang timbul dikreditkan atau dibebankan dalam laba rugi. f.

Foreign Currency Balance

Transactions

and

The individual books of accounts of each entity in the Group are maintained in Indonesian Rupiah which is its functional currency. Transactions during the year involving foreign currencies are recorded at the rates of exchange prevailing at the time the transactions are made. At reporting date, all monetary assets and liabilities denominated in foreign currencies are adjusted into Indonesian Rupiah using Reuters’ spot rates at 4:00 P.M. Western Indonesian Time to reflect the rates of exchange prevailing at that date. The resulting gains or losses are credited or charged to profit or loss.

Transaksi Pihak-Pihak Berelasi

f.

Pihak-pihak berelasi adalah orang atau entitas yang terkait dengan Grup (entitas pelapor):

Transactions with Related Parties A related party is a person or entity that is related to the Group (the reporting entity):

a. Orang atau anggota keluarga dekatnya yang mempunyai relasi dengan entitas pelapor jika orang tersebut:

a.

A person or a close member of that person’s family is related to a reporting entity if that person:

i.

Memiliki pengendalian atau pengendalian bersama atas entitas pelapor;

i.

Has control or joint control of the reporting entity;

ii.

Memiliki pengaruh signifikan entitas pelapor; atau

ii.

Has significant influence over the reporting entity; or

atas

- 18 -


115


iii.


Merupakan personil manajemen kunci entitas pelapor atau entitas induk entitas pelapor.

iii.

b. Suatu entitas berelasi dengan entitas pelapor jika memenuhi salah satu hal berikut:

g.

b.

Is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.

An entity is related to a reporting entity if any of the following conditions applies:

i.

Entitas dan entitas pelapor adalah anggota dari kelompok usaha yang sama (artinya entitas induk, entitas anak, dan entitas anak berikutnya saling berelasi dengan entitas lain).

i.

The entity and the reporting entity are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others).

ii.

Satu entitas adalah entitas asosiasi atau ventura bersama dari entitas lain (atau entitas asosiasi atau ventura bersama yang merupakan anggota suatu kelompok usaha, yang mana entitas lain tersebut adalah anggotanya).

ii.

One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member).

iii.

Kedua entitas tersebut adalah ventura bersama dari pihak ketiga yang sama.

iii.

Both entities are joint ventures of the same third party.

iv.

Satu entitas adalah ventura bersama dari entitas ketiga dan entitas yang lain adalah entitas asosiasi dari entitas ketiga.

iv.

One entity is a joint venture of a third entity and the other entity is an associate of the third entity.

v.

Entitas tersebut adalah program imbalan pascakerja imbalan kerja dari salah satu pelapor atau entitas yang dengan entitas pelapor.

suatu untuk entitas terkait

v.

The entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity related to the reporting entity.

vi.

Entitas yang dikendalikan atau dikendalikan bersama oleh orang yang diidentifikasi dalam huruf (a).

vi.

The entity is controlled or jointly controlled by a person identified in (a).

vii. Orang yang diidentifikasi dalam huruf (a)(i) memiliki pengaruh signifikan atas entitas atau personil manajemen kunci entitas (atau entitas induk dari entitas).

vii. A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).

Semua transaksi dengan pihak berelasi, baik yang dilakukan dengan persyaratan dan kondisi yang sama atau tidak dengan pihak yang tidak berelasi diungkapkan pada laporan keuangan konsolidasian.

All transactions with related parties, whether or not made under similar terms and conditions as those with third parties, are disclosed in the consolidated financial statements.

Aset Keuangan

g.

Seluruh aset keuangan diakui dan dihentikan pengakuannya pada tanggal diperdagangkan dimana pembelian dan penjualan aset keuangan berdasarkan kontrak yang mensyaratkan penyerahan aset keuangan dalam kurun waktu yang ditetapkan oleh kebiasaan pasar yang berlaku, dan awalnya diukur sebesar nilai wajar ditambah biaya transaksi, kecuali untuk aset keuangan yang diukur pada nilai wajar melalui laba rugi, yang awalnya diukur sebesar nilai wajar.

Financial Assets All financial assets are recognized and derecognized on trade date where the purchase or sale of a financial asset is under a contract whose terms require delivery of the financial asset within the time frame established by the market concerned, and are initially measured at fair value plus transaction costs, except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value.

- 19 -


116



Aset keuangan Grup diklasifikasikan sebagai berikut:

The Group’s financial assets are classified as follows:

  

Nilai wajar melalui laba rugi Dimiliki hingga jatuh tempo Pinjaman yang diberikan dan piutang

  

Fair value through profit or loss (FVTPL) Held to maturity Loans and receivables

Nilai wajar melalui laba rugi (FVTPL)

Fair value through profit or loss (FVTPL)

Aset keuangan diklasifikasikan dalam FVTPL, jika aset keuangan sebagai kelompok diperdagangkan atau pada saat pengakuan awal ditetapkan untuk diukur pada FVTPL.

Financial assets are classified as at FVTPL where the financial asset is either held for upon initial trading or designated recognition as at FVTPL.

Aset keuangan diklasifikasikan kelompok diperdagangkan, jika:

A financial asset is classified as held for trading if:

sebagai



diperoleh atau dimiliki terutama untuk tujuan dijual kembali dalam waktu dekat; atau



it has been acquired principally for the purpose of selling in the near future; or



pada pengakuan awal merupakan bagian dari portofolio instrumen keuangan tertentu yang dikelola bersama dan terdapat bukti mengenai pola ambil untung dalam jangka pendek yang terkini; atau



on initial recognition it is a part of an identified portfolio of financial instruments that the entity manages together and has a recent actual pattern of short-term profit-taking; or



merupakan derivatif yang tidak ditetapkan dan tidak efektif sebagai instrumen lindung nilai



it is a derivative that is not designated nor effective as a hedging instrument

Aset keuangan selain aset keuangan yang diperdagangkan, dapat ditetapkan sebagai FVTPL pada saat pengakuan awal, jika:

A financial asset other than a financial asset held for trading may be designated as at FVTPL upon initial recognition if:



penetapan tersebut mengeliminasi atau signifikan mengurangi secara inkonsistensi pengukuran dan pengakuan yang dapat timbul; atau



such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or



kelompok aset keuangan, liabilitas keuangan atau keduanya, dikelola dan kinerjanya dievaluasi berdasarkan nilai wajar, sesuai dengan manajemen risiko atau strategi investasi yang dan informasi didokumentasikan, tentang Grup disediakan secara internal kepada manajemen kunci entitas.



a group of financial assets, financial liabilities or both is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the Group is provided internally on that basis to the entity’s key management personnel.

Aset keuangan FVTPL disajikan sebesar nilai wajar, keuntungan atau kerugian yang timbul diakui dalam laba rugi. Keuntungan atau kerugian bersih yang diakui dalam laba rugi mencakup dividen atau bunga yang diperoleh dari aset keuangan. Nilai wajar ditentukan dengan cara seperti dijelaskan pada Catatan 3i.

Financial assets at FVTPL are stated at fair value, with any resultant gain or loss recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any dividend or interest earned on the financial asset. Fair value is determined in the manner described in Note 3i.

- 20 -


117



Dimiliki hingga jatuh tempo

Held to maturity

Aset keuangan diklasifikasikan sebagai investasi dimiliki hingga jatuh tempo hanya jika investasi tersebut memiliki pembayaran yang tetap atau telah ditentukan dan jatuh temponya telah ditetapkan serta Grup mempunyai intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo. Pada saat pengakuan awal, investasi dimiliki hingga jatuh tempo diukur pada nilai wajar ditambah dengan biaya transaksi atau dikurangi pendapatan yang dapat diatribusikan secara langsung dengan perolehan aset keuangan. Setelah pengakuan awal, investasi dimiliki hingga jatuh tempo diukur dengan biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif dikurangi kerugian penurunan nilai yang ada.

Financial assets are classified as held-tomaturity investment only if these investments have fixed or determined payments and their maturity date has been determined and the Group have the positive intention and ability to hold such financial assets to maturity. Held-tomaturity investments are initially measured at fair value plus transaction costs or less income which are attributable directly to the acquisition of the financial assets. After initial recognition, held-to-maturity investments are measured at amortized cost, using effective interest rate method less any impairment losses.

Pinjaman yang diberikan dan piutang

Loans and receivables

Aset keuangan dengan pembayaran tetap atau telah ditentukan dan tidak mempunyai kuotasi di pasar aktif diklasifikasikan sebagai pinjaman yang diberikan dan piutang, yang diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif dikurangi kerugian penurunan nilai. Bunga diakui dengan menggunakan metode suku bunga efektif, kecuali piutang jangka pendek dimana pengakuan bunga tidak material.

Financial assets that have fixed or determinable payments and that are not quoted in an active market are classified as loan and receivables. Loans and receivables are measured at amortized cost using the effective interest method less impairment losses. Interest is recognized by applying the effective interest rate method, except for short-term receivables when the recognition of interest would be immaterial.

Metode suku bunga efektif

Effective interest method

Metode suku bunga efektif adalah metode yang digunakan untuk menghitung biaya perolehan diamortisasi dari instrumen keuangan dan metode untuk mengalokasikan pendapatan bunga dan beban bunga selama periode yang relevan. Suku bunga efektif adalah suku bunga yang secara tepat mendiskontokan estimasi penerimaan kas di masa datang (mencakup seluruh komisi dan bentuk lain yang dibayarkan dan diterima oleh para pihak dalam kontrak yang merupakan bagian yang tak terpisahkan dari suku bunga efektif, biaya transaksi dan premium dan diskonto lainnya) selama perkiraan umur instrumen keuangan, atau, jika lebih tepat, digunakan periode yang lebih singkat untuk memperoleh nilai tercatat bersih dari aset keuangan pada saat pengakuan awal.

The effective interest method is a method of calculating the amortised cost of a financial instrument and of allocating interest income and interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial instrument, or, where appropriate, a shorter period to the net carrying amount on initial recognition.

Pendapatan diakui berdasarkan suku bunga efektif untuk instrumen keuangan selain dari instrumen keuangan FVTPL.

Income is recognized on an effective interest basis for financial instrument other than these financial instruments at FVTPL.

- 21 -


118



Penurunan nilai aset keuangan

Impairment of financial assets

Aset keuangan, selain aset keuangan FVTPL, dievaluasi terhadap indikator penurunan nilai pada setiap tanggal pelaporan. Aset keuangan diturunkan nilainya bila terdapat bukti objektif, sebagai akibat dari satu atau lebih peristiwa yang terjadi setelah pengakuan awal aset keuangan, dan peristiwa yang merugikan tersebut berdampak pada estimasi arus kas masa depan atas aset keuangan yang dapat diestimasi secara handal.

Financial assets, other than those at FVTPL, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

Bukti obyektif penurunan nilai termasuk sebagai berikut:

The objective evidence of impairment could include:

 kesulitan keuangan signifikan yang dialami penerbit atau pihak peminjam; atau



significant financial difficulty of the issuer or counterparty; or

 pelanggaran kontrak, seperti terjadinya wanprestasi atau tunggakan pembayaran pokok atau bunga; atau



default or delinquency in interest or principal payments; or

 terdapat kemungkinan bahwa pihak peminjam akan dinyatakan pailit atau melakukan reorganisasi keuangan; atau



it becoming probable that the borrower will enter bankruptcy or financial reorganisation; or

Untuk aset keuangan yang diukur pada biaya perolehan diamortisasi, jumlah kerugian penurunan nilai merupakan selisih antara nilai tercatat aset keuangan dengan nilai kini dari estimasi arus kas masa datang yang didiskontokan menggunakan tingkat suku bunga efektif awal dari aset keuangan.

For financial assets carried at amortised cost, the amount of the impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

Untuk aset keuangan yang dicatat pada biaya perolehan, jumlah kerugian penurunan nilai diukur berdasarkan selisih antara jumlah tercatat aset keuangan dan nilai kini estimasi arus kas masa depan yang didiskontokan pada tingkat imbal hasil yang berlaku di pasar untuk aset keuangan yang serupa. Kerugian penurunan nilai tersebut tidak dapat dibalik pada periode berikutnya.

For financial asset carried at cost, the amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment loss will not be reversed in subsequent periods.

Kerugian penurunan nilai dihitung secara individual untuk aset keuangan yang signifikan secara individual serta kolektif untuk aset yang secara individual tidak signifikan dan secara individual signifikan namun tidak terdapat bukti obyektif penurunan nilai. Di dalam menentukan penurunan nilai kolektif, aset keuangan dikelompokkan pada kelompok aset keuangan berdasarkan karakteristik risiko kredit yang serupa. Arus kas masa depan dari kelompok aset keuangan ini diestimasi berdasarkan arus kas kontraktual dan pengalaman kerugian historis untuk aset yang memiliki karakteristik risiko kredit yang serupa. Pengalaman historis kerugian disesuaikan berdasarkan hasil pengamatan data pada masa kini, untuk merefleksikan efek dari kondisi masa kini yang tidak mempengaruhi periode dari pengalaman historis.

Impairment loss is calculated individually for financial assets that are individually significant and collectively for assets that are individually not significant, or individually significant but there is no objective evidence of impairment assessed individually. In determining collective impairment, financial assets are grouped into groups of financial assets based similar credit risk characteristics. Future cash flow from a group of financial assets is estimated based on contractual cash flows and historical loss experience for assets that have similar credit risk characteristics. Historical loss experience is adjusted based on data observations in the present, to reflect the effects of current conditions that do not affect the period of historical experience.

- 22 -


119



Dalam melakukan penilaian secara kolektif, Grup harus menghitung:

In conducting collective assessment, the Group must calculate:



Probability of default (”PD”) – model ini menilai probabilitas konsumen gagal melakukan pembayaran kembali secara penuh dan tepat waktu.



Probability of default (“PD”) – these models assess the probability of customers failing to repay fully and on time.



Recoverable amount – didasarkan pada identifikasi arus kas masa datang dan estimasi nilai kini dari arus kas tersebut (discounted cash flow).



Recoverable amount – based on identification of future cash flows and estimation of the present value of those cash flows (discounted cash flow).



Loss given default (”LGD”) – Grup mengestimasi kerugian ekonomis yang mungkin akan diderita Grup apabila terjadi tunggakan fasilitas kredit/ pembiayaan. LGD menggambarkan jumlah utang yang tidak dapat diperoleh kembali dan umumnya ditunjukkan dalam persentase dari exposure at default (EAD). Model Perhitungan LGD mempertimbangkan jenis peminjam, fasilitas dan mitigasi risiko, misalnya ketersediaan agunan.



Loss given default (“LGD”) – the Group estimates economic losses that may be suffered by the Group if there are arrears in credit facility/financing receivable. LGD describes the amount of debt that may not be recovered and is generally expressed as a percentage of the exposure at default (EAD). The LGD calculation model considers the type of borrower, facility and any risk mitigation such as availability of collateral.



Loss identification period (”LIP”) periode waktu antara terjadinya peristiwa yang merugikan dalam kelompok aset keuangan sampai bukti obyektif dapat diidentifikasi atas kredit/ pembiayaan secara individual.



Loss identification period (”LIP”) – the period of time from the occurrence of a loss event in a group of financial assets until objective evidence can be identified on credit facility/financing receivable individually.



Exposure at default (”EAD”) – Grup mengestimasi tingkat utilisasi yang diharapkan dari fasilitas kredit/pembiayaan pada saat terjadi tunggakan.



Exposure at default (“EAD”) – the Group estimates the expected utilization level of credit facilities/financing receivable in the event of arrears.

PD, LGD dan LIP diperoleh dari observasi data kredit/piutang pembiayaan selama minimal tiga tahun.

PD, LGD and LIP are derived from observation of credit facility/financing receivable data for at least three years.

Cadangan kerugian penurunan nilai yang dinilai secara kolektif dilakukan dengan mengkalikan nilai baki debet kredit/pembiayaan pada posisi laporan dengan probability default (PD), loss identification period (LIP) dan loss given default (LGD).

Allowance for impairment losses collectively assessed is performed by multiplying the outstanding loans/financing receivable at report date by the probability of default (PD), loss identification period (LIP) and loss given default (LGD).

Kerugian penurunan nilai diakui pada laba rugi dan nilai tercatat dari aset keuangan atau kelompok aset keuangan dikurangi dengan cadangan kerugian penurunan nilai yang terbentuk. Apabila pada periode berikutnya jumlah kerugian penurunan nilai berkurang dan pengurangan tersebut dapat dikaitkan secara obyektif pada peristiwa yang terjadi setelah penurunan nilai diakui, maka kerugian penurunan nilai yang sebelumnya diakui harus dipulihkan, baik secara langsung atau dengan menyesuaikan cadangan kerugian penurunan nilai. Pada saat penurunan nilai diakui dalam aset keuangan atau kelompok aset keuangan, pendapatan bunga diakui berdasarkan nilai tercatat setelah penurunan nilai dengan menggunakan tarif bunga yang digunakan untuk mendiskontokan estimasi arus kas masa datang pada saat menghitung penurunan nilai.

The impairment loss is recognized in profit or loss and the carrying amount of the financial asset or group of financial assets less allowance for impairment losses reserved. If in the next period the amount of any impairment loss decreases and the decrease can be linked objectively to events occurring after impairment loss is recognized, then the impairment loss previously recognized must be reversed, either directly or by adjusting the amount of allowance for impairment loss. When impairment losses are recognized in the financial asset or group of financial assets, interest income is recognized based on the carrying amount after impairment using the interest rate used for discounting the estimated future cash flow when calculating impairment.

- 23 -


120



Pada periode berikutnya, jumlah penurunan nilai berkurang dan penurunan dapat dikaitkan secara obyektif dengan sebuah peristiwa yang terjadi setelah penurunan nilai tersebut diakui, kerugian penurunan nilai yang sebelumnya diakui dipulihkan melalui laba rugi hingga nilai tercatat investasi pada tanggal pemulihan penurunan nilai tidak melebihi biaya perolehan diamortisasi sebelum pengakuan kerugian penurunan nilai dilakukan.

If, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised.

Penghentian pengakuan aset keuangan

Derecognition of financial assets

menghentikan pengakuan aset Grup keuangan jika dan hanya jika hak kontraktual atas arus kas yang berasal dari aset berakhir, atau Grup mentransfer aset keuangan dan secara substansial mentransfer seluruh risiko dan manfaat atas kepemilikan aset kepada entitas lain. Jika Grup tidak mentransfer serta tidak memiliki secara substansial atas seluruh risiko dan manfaat kepemilikan serta masih mengendalikan aset yang ditransfer, maka Grup mengakui keterlibatan berkelanjutan atas aset yang ditransfer dan liabilitas terkait sebesar jumlah yang mungkin harus dibayar. Jika Grup memiliki secara substansial seluruh risiko dan manfaat kepemilikan aset keuangan yang ditransfer, Grup masih mengakui aset keuangan dan juga mengakui pinjaman yang dijamin sebesar pinjaman yang diterima.

The Group derecognise a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Group neither transfer nor retain substantially all the risks and rewards of ownership and continues to control the transferred asset, the Group recognise their retained interest in the asset and an associated liability for amounts it may have to pay. If the Group retain substantially all the risks and rewards of ownership of a transferred financial asset, the Group continue to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received.

Penghentian pengakuan aset keuangan secara keseluruhan, selisih antara jumlah tercatat aset dan jumlah pembayaran dan piutang yang diterima dan keuntungan atau kerugian kumulatif yang telah diakui dalam pendapatan komprehensif lain dan terakumulasi dalam ekuitas diakui dalam laba rugi.

On derecognition of financial asset in its entirety, the difference between the asset’s carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss that had been recognized in other comprehensive income and accumulated in equity is recognized in profit or loss.

Penghentian pengakuan aset keuangan terhadap satu bagian saja (misalnya ketika Grup masih memiliki hak untuk membeli kembali bagian aset yang ditransfer), Grup mengalokasikan jumlah tercatat sebelumnya dari aset keuangan tersebut pada bagian yang tetap diakui berdasarkan keterlibatan berkelanjutan dan bagian yang tidak lagi diakui berdasarkan nilai wajar relatif dari kedua bagian tersebut pada tanggal transfer. Selisih antara jumlah tercatat yang dialokasikan pada bagian yang tidak lagi diakui dan jumlah dari pembayaran yang diterima untuk bagian yang yang tidak lagi diakui dan setiap keuntungan atau kerugian kumulatif yang dialokasikan pada bagian yang tidak lagi diakui tersebut yang sebelumnya telah diakui dalam pendapatan komprehensif lain diakui pada laba rugi. Keuntungan dan kerugian kumulatif yang sebelumnya diakui dalam pendapatan komprehensif lain dialokasikan pada bagian yang tetap diakui dan bagian yang dihentikan pengakuannya, berdasarkan nilai wajar relatif kedua bagian tersebut.

On derecognition of financial asset other than its entirety (e.g., when the Group retains an option to repurchase part of a transferred asset), the Group allocates the previous carrying amount of the financial asset between the part it continues to recognize under continuing involvement, and the part it no longer recognizes on the basis of the relative fair values of those parts on the date of the transfer. The difference between the carrying amount allocated to the part that is no longer recognized and the sum of the consideration received for the part no longer recognized and any cumulative gain or loss allocated to it that had been recognized in other comprehensive income is recognized in profit or loss. A cumulative gain or loss that had been recognized in other comprehensive income is allocated between the part that continues to be recognized and the part that is no longer recognized on the basis of the relative fair values of those parts.

- 24 -


121


h.

Liabilitas Ekuitas

Keuangan

dan


Instrumen

h.

Financial Liabilities Instruments

and

Equity

Klasifikasi sebagai liabilitas atau ekuitas

Classification as debt or equity

Liabilitas keuangan dan instrumen ekuitas yang diterbitkan oleh Grup diklasifikasikan sesuai dengan substansi perjanjian kontraktual dan definisi liabilitas keuangan dan instrumen ekuitas.

Financial liabilities and equity instruments issued by the Group are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Instrumen ekuitas

Equity instruments

Instrumen ekuitas adalah setiap kontrak yang memberikan hak residual atas aset Grup setelah dikurangi dengan seluruh liabilitasnya. Instrumen ekuitas dicatat sebesar hasil penerimaan bersih setelah dikurangi biaya penerbitan langsung.

An equity instrument is any contract that evidences a residual interest in the assets of the Group after deducting all of its liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.

Liabilitas keuangan

Financial liabilities

Liabilitas keuangan Grup diklasifikasikan sebagai berikut:

The Group financial liabilities are classified as follows:

 Nilai wajar melalui laba rugi  Diukur pada biaya perolehan diamortisasi

 

Liabilitas keuangan yang Diukur pada Nilai Wajar melalui Laba Rugi (FVTPL)

Financial liabilities at FVTPL

Liabilitas keuangan diklasifikasikan sebagai FVTPL pada saat liabilitas keuangan baik dimiliki untuk diperdagangkan atau ditetapkan pada FVTPL.

Financial liabilities are classified as at FVTPL when the financial liability is either held for trading or its designated as at FVTPL.

Liabilitas keuangan diperdagangkan jika:

A financial liability is classified as held for trading if:

dimiliki

untuk

Fair value through profit or loss Measured at amortized cost



diperoleh terutama untuk tujuan dibeli kembali dalam waktu dekat; atau



it has been acquired principally for the purpose of repurchasing in the near term; or



pada pengakuan awal merupakan bagian dari portofolio instrumen keuangan tertentu yang dikelola bersama dan terdapat bukti mengenai pola ambil untung dalam jangka pendek aktual terkini; atau



on initial recognition it is part of an identified portfolio of financial instruments that the entity manages together and has a recent actual pattern of short-term profit-taking; or



merupakan derivatif yang tidak ditetapkan dan tidak efektif sebagai instrumen lindung nilai.



it is a derivative that is not designated and effective as a hedging instrument.

Liabilitas keuangan selain liabilitas keuangan yang diperdagangkan, dapat ditetapkan sebagai FVTPL pada saat pengakuan awal, jika: 

A financial liability other than a financial liability held for trading may be designated as at FVTPL upon initial recognition, if:

penetapan tersebut mengeliminasi atau mengurangi secara signifikan inkonsistensi pengukuran dan pengakuan yang dapat timbul; atau



- 25 -


such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or

122




i.


kelompok aset keuangan, liabilitas keuangan atau keduanya, dikelola dan kinerjanya dievaluasi berdasarkan nilai wajar, sesuai dengan manajemen risiko atau strategi investasi yang didokumentasikan, dan informasi tentang Grup disediakan secara internal kepada manajemen kunci entitas.



a group of financial assets, financial liabilities or both is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, and information about the Group is provided internally on that basis to the entity’s key management personnel.

Liabilitas keuangan yang diukur pada nilai wajar melalui laba rugi, keuntungan atau kerugian yang timbul diakui dalam laba rugi. Keuntungan atau kerugian bersih yang diakui dalam laba rugi mencakup setiap bunga yang dibayar dari liabilitas keuangan. Penentuan nilai wajar sesuai dengan yang dijelaskan dalam Catatan 3i.

Financial liabilities at FVTPL are stated at fair value, with any resultant gain or loss recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any interest paid on the financial liability. Fair value is determined in the manner described in Note 3i.

Liabilitas keuangan diukur perolehan diamortisasi

biaya

Financial liabilities measured at amortized costs

Pada saat pengakuan awal, liabilitas keuangan yang diukur pada biaya perolehan diamortisasi, diakui pada nilai wajarnya. Nilai wajar tersebut dikurangi biaya transaksi yang dapat diatribusikan secara langsung dengan penerbitan liabilitas keuangan tersebut. Pengukuran selanjutnya diukur pada biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif, dimana beban bunga diakui berdasarkan tingkat pengembalian yang efektif, kecuali untuk liabilitas jangka pendek dimana pengakuan bunganya tidak material.

At initial recognition, financial liabilities measured at amortized cost are recognized at fair value. The fair value is reduced by transaction costs which are directly attributable to the issuance of such financial liabilities. Subsequently, these financial liabilities are measured at amortized cost using the effective interest method, where interest expense is recognized based on the rate of effective return, except for shortterm liabilities when the recognition of interest would be immaterial.

Penghentian pengakuan liabilitas keuangan

Derecognition of financial liabilities

Grup menghentikan pengakuan liabilitas keuangan, jika dan hanya jika, kewajiban Grup telah dilepaskan, dibatalkan atau kadaluarsa. Selisih antara jumlah tercatat liabilitas keuangan yang dihentikan pengakuannya dan imbalan yang dibayarkan dan utang diakui dalam laba rugi.

The Group derecognise financial liabilities when and only when, the Group’s obligations are discharged or cancelled or they expire. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in profit or loss.

pada

Nilai Wajar Instrumen Keuangan

i.

Fair Value of Financial Instruments

Nilai wajar adalah nilai yang digunakan untuk mempertukarkan suatu aset atau untuk menyelesaikan suatu liabilitas antara pihak-pihak yang memahami dan berkeinginan untuk melakukan transaksi secara wajar (arm’s length transaction).

Fair value is the value which is used to exchange an asset or to settle a liability between parties who understand and are willing to perform a fair transaction (arm’s length transaction).

Hirarki nilai wajar memiliki tingkatan sebagai berikut:

The fair value hierarchy shall have the following levels:



Tingkat 1 pengukuran nilai wajar adalah yang berasal dari harga kuotasian (tidak disesuaikan) dalam pasar aktif untuk aset atau liabilitas yang identik.



- 26 -


Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities.

123


j.

k.




Tingkat 2 pengukuran nilai wajar adalah yang berasal dari input selain harga kuotasian yang termasuk dalam Tingkat 1 yang dapat diobservasi untuk aset atau liabilitas, baik secara langsung (misalnya harga) atau secara tidak langsung (misalnya deviasi dari harga).



Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the assets or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).



Tingkat 3 pengukuran nilai wajar adalah yang berasal dari teknik penilaian yang mencakup input untuk aset atau liabilitas yang bukan berdasarkan data pasar yang dapat diobservasi (input yang tidak dapat diobservasi).



Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).

Reklasifikasi Aset Keuangan

j.

Reclassification of Financial Instruments

Reklasifikasi Aset Keuangan

Reclassification of Financial Assets

Grup tidak diperkenankan untuk melakukan reklasifikasi aset keuangan ke kelompok aset keuangan FVTPL. Grup hanya dapat melakukan reklasifikasi aset keuangan ke kelompok pinjaman yang diberikan dan piutang jika aset keuangan tersebut memenuhi definisi pinjaman yang diberikan dan piutang dan Grup memiliki intensi dan kemampuan memiliki aset keuangan untuk masa mendatang yang dapat diperkirakan atau hingga jatuh tempo dari kelompok aset keuangan FVTPL atau dari kelompok tersedia untuk dijual. Aset keuangan tersebut direklasifikasi pada nilai wajar pada tanggal reklasifikasi yang menjadi biaya perolehan diamortisasi yang baru. Setiap keuntungan dan kerugian yang sudah diakui dalam laba rugi tidak boleh dibalik. Setiap keuntungan dan kerugian yang sudah diakui dalam pendapatan komprehensif lain diamortisasi ke laba rugi selama sisa umur aset keuangan (jika aset keuangan memiliki jatuh tempo tetap) atau tetap diakui dalam pendapatan komprehensif lain sampai aset keuangan tersebut dilepas atau dijual (jika aset keuangan tidak memiliki jatuh tempo tetap).

The Group shall not reclassify any financial assets into the FVTPL after initial recognition. The Group only reclassify financial assets into loans and receivables if the financial assets meet the definition of loans and receivables and the Group have the intention and ability to hold the financial assets for the foreseeable future or until maturity, from financial assets measured at FVTPL or from available for sale. The financial assets are reclassified at fair value, on the date of reclassification which become its new amortized cost. Any gains or losses already recognized in profit or loss are not reversed. Any gains or losses that have been recognized in other comprehensive income are amortized through profit or loss over the remaining life of the financial assets (for financial assets that have fixed maturities) or continue to be recognized in other comprehensive income until the financial assets are sold or otherwise disposed (for financial assets that do not have fixed maturities).

Reklasifikasi Liabilitas Keuangan

Reclassification of Financial Liabilities

Grup tidak diperkenankan untuk mereklasifikasi liabilitas keuangan dari atau ke kelompok liabilitas keuangan FVTPL.

The Group is not allowed to reclassify any financial liabilities from or to a group of FVTPL financial liabilities.

Saling Hapus Antara Aset Keuangan dan Liabilitas Keuangan

k.

Netting of Financial Assets and Financial Liabilities

Aset keuangan dan liabilitas keuangan saling hapus dan nilai bersihnya disajikan dalam laporan keuangan konsolidasian jika, dan hanya jika, Grup:

Financial assets and liabilities are off-set and the net amount is presented in the consolidated financial statements if and only if, the Group:

-



currently has a legally enforceable right to offset against the recognized amount; and



intends to settle on a net basis or realize its asset and settle its liability simultaneously.

-

saat ini memiliki hak yang berkekuatan hukum untuk melakukan saling hapus atas jumlah yang telah diakui tersebut; dan berniat untuk menyelesaikan secara neto atau untuk merealisasikan aset dan menyelesaikan liabilitasnya secara simultan.

- 27 -


124


l.

m.

n.

o.

p.


Giro pada Bank Indonesia dan Bank Lain

l.

Demand Deposits with Bank Indonesia and Other Banks

Giro pada Bank Indonesia dan bank lain diklasifikasikan dalam kategori pinjaman yang diberikan dan piutang.

Demand deposits with Bank Indonesia and other banks are classified as loan and receivables.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan giro pada Bank Indonesia dan bank lain mengacu pada Catatan 3g, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of demand deposits with Bank Indonesia and other banks refer to Notes 3g, 3i and 3j related to financial assets.

Penempatan pada Bank Indonesia dan Bank Lain

m.

Placements with Bank Indonesia and Other Banks

Penempatan pada Bank Indonesia dan bank lain diklasifikasikan dalam kategori pinjaman yang diberikan dan piutang.

Placements with Bank Indonesia and other banks are classified as loan and receivables.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan penempatan pada Bank Indonesia dan bank lain mengacu pada Catatan 3g, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of placements with Bank Indonesia and other banks refer to Notes 3g, 3i and 3j related to financial assets.

Efek-efek

n.

Securities

Efek-efek diklasifikasikan dalam kategori dimiliki hingga jatuh tempo dan pinjaman yang diberikan dan piutang.

Securities are classified as held-to-maturity and loan and receivables.

Pengakuan, pengukuran awal, pengukuran setelah pengukuran awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan efek-efek mengacu pada Catatan 3g, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of securities refer to Notes 3g, 3i and 3j related to financial assets.

Tagihan dan Liabilitas Derivatif

o.

Derivative Receivables and Payables

Tagihan dan liabilitas derivatif diklasifikasikan dalam kategori diukur pada nilai wajar melalui laba rugi (FVTPL).

Derivative receivables and payables are classified as fair value to profit or loss (FVTPL).

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan tagihan dan liabilitas derivatif mengacu pada Catatan 3g, 3h, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of derivative receivables and payables refer to Notes 3g, 3h, 3i and 3j related to financial assets.

Kredit

p.

Loans

Kredit diklasifikasikan dalam kategori pinjaman yang diberikan dan piutang.

Loans are receivables.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan kredit mengacu pada Catatan 3g, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of loans refer to Notes 3g, 3i and 3j related to financial assets.

- 28 -


classified

as

loan

and

125


q.

r.


Tagihan dan Liabilitas Akseptasi

q.

Acceptances Receivables and Payables

Tagihan akseptasi diklasifikasikan dalam kategori pinjaman yang diberikan dan piutang. Liabilitas akseptasi dikategorikan sebagai liabilitas keuangan diukur pada biaya perolehan diamortisasi.

Acceptance receivables are classified as loan and receivable. Acceptance liabilities are classified as financial liabilities at amortized costs.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan tagihan dan liabilitas akseptasi mengacu pada Catatan 3g, 3h, 3i dan 3j terkait aset keuangan dan liabilitas keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of acceptances receivable and payable refer to Notes 3g, 3h, 3i and 3j related to financial assets and financial liabilities.

Sewa

r.

Leases

Sewa diklasifikasikan sebagai sewa pembiayaan jika sewa tersebut mengalihkan secara substantial seluruh risiko dan manfaat yang terkait dengan kepemilikan aset. Sewa lainnya, yang tidak memenuhi kriteria tersebut, diklasifikasikan sebagai sewa operasi.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Sebagai Lessor

As Lessor

Dalam sewa pembiayaan, lessor mengakui aset berupa piutang sewa pembiayaan sebesar jumlah investasi neto sewa pembiayaan entitas anak. Pengakuan penghasilan sewa pembiayaan dialokasikan pada periode akuntansi yang mencerminkan suatu tingkat pengembalian periodik yang konstan atas investasi bersih lessor.

Amounts due from lessees under finance leases are recorded as receivables at the amount of the subsidiaries’ net investment in the finance leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the net investment outstanding in respect of the leases.

Pendapatan sewa dari sewa operasi diakui sebagai pendapatan dengan dasar garis lurus selama masa sewa. Biaya langsung awal yang terjadi dalam proses negosiasi dan pengaturan sewa operasi ditambahkan ke jumlah tercatat dari aset sewaan dan diakui dengan dasar garis lurus selama masa sewa.

Rental income from operating leases is recognized on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized on a straight-line basis over the lease term.

Sebagai Lessee

As Lessee

Pembayaran sewa dalam sewa pembiayaan harus dipisahkan antara bagian yang merupakan beban keuangan dan bagian yang merupakan pengurangan dari liabilitas sewa sehingga mencapai suatu tingkat bunga yang konstan (tetap) atas saldo liabilitas. Rental kontinjen dibebankan pada periode terjadinya.

Lease payments under finance lease are apportioned between finance charges and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Contingent rentals are recognized as expenses in the periods in which they are incurred.

Pembayaran sewa operasi diakui sebagai beban dengan dasar garis lurus (straight-line basis) selama masa sewa, kecuali terdapat dasar sistematis lain yang dapat lebih mencerminkan pola waktu dari manfaat aset yang dinikmati pengguna. Rental kontijen diakui sebagai beban di dalam periode terjadinya.

Operating lease payments are recognized as an expense on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognized as an expense in the period in which they are incurred.

- 29 -


126



Dalam hal insentif diperoleh dalam sewa operasi, insentif tersebut diakui sebagai liabilitas. Keseluruhan manfaat dari insentif diakui sebagai pengurangan dari biaya sewa dengan dasar garis lurus kecuali terdapat dasar sistematis lain yang lebih mencerminkan pola waktu dari manfaat yang dinikmati pengguna.

In the event that lease incentives are received to enter into operating leases, such incentives are recognized as a liability. The aggregate benefit of incentives is recognized as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

s.

t.

u.

Piutang Pembiayaan Konsumen

s.

Consumer Financing Receivables

Piutang pembiayaan konsumen diklasifikasikan dalam kelompok pinjaman yang diberikan dan piutang.

Consumer financing receivables classified as loan and receivables.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan piutang pembiayaan konsumen mengacu pada Catatan 3g, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of consumer financing receivables refer to Notes 3g, 3i and 3j related to financial assets.

Tagihan Anjak Piutang

t.

are

Factoring Receivables

Tagihan anjak piutang diklasifikasikan dalam kelompok pinjaman yang diberikan dan piutang.

Factoring receivables are classified as loan and receivables.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar, penurunan nilai dan penghentian pengakuan tagihan anjak piutang mengacu pada Catatan 3g, 3i dan 3j terkait aset keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value, impairment and derecognition of factoring receivables refer to Notes 3g, 3i and 3j related to financial assets.

Aset Tidak Lancar Dimiliki Untuk Dijual

u.

Noncurrent Assets Held for Sale

Aset tidak lancar yang dimiliki untuk dijual (atau kelompok lepasan) diklasifikasi sebagai dimiliki untuk dijual jika jumlah tercatatnya akan dipulihkan terutama melalui transaksi penjualan daripada melalui pemakaian berlanjut. Kondisi ini dianggap memenuhi hanya ketika penjualan tersebut harus sangat mungkin terjadi dan aset tidak lancar yang dimiliki untuk dijual segera dalam kondisi sekarang. Manajemen harus berkomitmen untuk penjualan yang diharapkan untuk memenuhi syarat untuk pengakuan sebagai penjualan yang selesai dalam 1 tahun dari tanggal klasifikasi.

Non-current assets (or disposal groups) are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the non-current asset (or disposal group) is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification.

Aset tidak lancar yang dimiliki untuk dijual diukur sebesar jumlah terendah dari jumlah tercatat sebelumnya dan nilai wajar dikurangi biaya untuk untuk menjual.

Noncurrent assets held for sale are measured at the lower of their previous carrying amount and fair value less costs to sell.

- 30 -


127


v.


Aset Tetap

v.

Premises and Equipment

Aset tetap yang dimiliki untuk digunakan penyediaan jasa atau untuk tujuan administratif dicatat berdasarkan biaya perolehan setelah dikurangi akumulasi penyusutan dan akumulasi kerugian penurunan nilai.

Premises and equipment held for use in the supply of services, or for administrative purposes, are stated at cost, less accumulated depreciation and any accumulated impairment losses.

Penyusutan diakui sebagai penghapusan biaya perolehan aset dengan menggunakan metode saldo-menurun-ganda (double declining balance method), kecuali untuk bangunan dan renovasi gedung dihitung dengan menggunakan metode garis lurus (straight line method) berdasarkan taksiran masa manfaat ekonomis aset tetap sebagai berikut:

Depreciation is recognized so as to wirte-off the cost of assets using the double declining balance method, except for building and leasehold improvement, whose depreciation is computed using the using the straight-line method, based on the estimated useful lives of the assets as follows:

Tahun/Years Bangunan dan renovasi gedung Leasehold improvement Kendaraan Mesin-mesin dan inventaris kantor

w.

20 4 4–8 4–8

Buildings and building improvements Leasehold improvement Vehicles Machinery and office equipment

Masa manfaat ekonomis, nilai residu dan metode penyusutan direview setiap akhir tahun dan pengaruh dari setiap perubahan estimasi tersebut berlaku prospektif.

The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of any changes in estimate accounted for on a prospective basis.

Tanah dinyatakan berdasarkan perolehan dan tidak disusutkan.

Land is stated depreciated.

biaya

at

cost

and

is

not

Beban pemeliharaan dan perbaikan dibebankan pada laporan laba rugi komprehensif konsolidasian pada saat terjadinya. Biaya-biaya lain yang terjadi selanjutnya yang timbul untuk menambah, mengganti atau memperbaiki aset tetap dicatat sebagai biaya perolehan aset jika dan hanya jika besar kemungkinan manfaat ekonomis di masa depan berkenaan dengan aset tersebut akan mengalir ke entitas dan biaya perolehan aset dapat diukur secara andal.

The cost of maintenance and repairs is charged to operations as incurred. Other costs incurred subsequently to add to, replace part of, or service an item of premises and equipment, are recognized as asset if, and only if it is probable that future economic benefits associated with the item will flow to the entity and the cost of the item can be measured reliably.

Aset tetap yang dihentikan pengakuannya atau yang dijual nilai tercatatnya dikeluarkan dari kelompok aset tetap. Keuntungan atau kerugian dari penjualan aset tetap tersebut dibukukan dalam laba rugi.

When assets are disposed of, their removed from the resulting gain or loss loss.

Aset dalam penyelesaian dinyatakan sebesar biaya perolehan. Akumulasi biaya perolehan akan dipindahkan ke masingmasing aset tetap yang bersangkutan pada saat selesai dan siap digunakan.

Construction in progress is stated at cost. Construction in progress is transferred to the respective premises and equipment account when completed and ready for use.

Simpanan

w.

Simpanan diklasifikasikan dalam kategori liabilitas keuangan diukur pada biaya perolehan diamortisasi.

- 31 -


retired or otherwise carrying values are accounts and any is reflected in profit or

Deposits Deposits are classified as financial liabilities at amortized costs.

128



Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar dan penghentian pengakuan simpanan mengacu pada Catatan 3h, 3i dan 3j terkait liabilitas keuangan.

Recognition, initial measurement, subsequent measurement, reclassification, fair value and derecognition of deposits refer to Notes 3h, 3i and 3j related to financial liabilities.

x.

y.

z.

Simpanan dari Bank Lain

x.

Deposits from Other Banks

Simpanan dari bank lain diklasifikasikan dalam kategori liabilitas keuangan diukur pada biaya perolehan diamortisasi.

Deposits from other banks are classified as financial liabilities at amortized costs.

Simpanan dari bank lain terdiri dari liabilitas terhadap bank lain, baik lokal maupun luar negeri, dalam bentuk giro, inter-bank call money dengan periode jatuh tempo menurut perjanjian kurang dari atau 90 hari, tabungan dan deposito berjangka.

Deposits from other banks represent liabilities to domestic and overseas banks, in the form of demand deposits, inter-bank call money deposits with original maturities of 90 days or less, saving deposits and time deposits.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar dan penghentian pengakuan simpanan dari bank lain mengacu pada Catatan 3h, 3i dan 3j terkait liabilitas keuangan.

Recognition, initial measurement, subsequent measurement, reclassification fair value and derecognition of deposits from other banks refer to Notes 3h, 3i and 3j related to financial liabilities.

Surat Berharga yang Diterbitkan

y.

Securities Issued

Surat berharga yang diterbitkan diklasifikasikan dalam kategori liabilitas keuangan diukur pada biaya perolehan diamortisasi.

Securities issued are classified as financial liabilities at amortized costs.

Pengakuan, pengukuran awal, pengukuran setelah pengakuan awal, reklasifikasi, nilai wajar dan penghentian pengakuan surat berharga yang diterbitkan mengacu pada Catatan 3h, 3i dan 3j terkait liabilitas keuangan.

Recognition, initial measurement, subsequent measurement, reclassification fair value and derecognition of securities issued refer to Notes 3h, 3i and 3j related to financial liabilities.

Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali

z.

Difference in Value of Restructuring Transactions among Entities under Common Control

Pada tahun 2013, penerapan PSAK 38 (revisi 2012), Kombinasi bisnis dengan entitas sepengendali adalah selisih antara harga pengalihan yang timbul dari pengalihan aset, utang, saham atau bentuk instrumen kepemilikan lainnya dengan nilai buku transaksi dalam rangka restrukturisasi antara entitas sepengendali diakui sebagai “Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali” dan sejak tahun 2013 disajikan dalam pos tambahan modal disetor. aa.

Imbalan Pasca Kerja

In 2013, upon the application of PSAK 38 (revised 2012), Business Combination of Entities Under Common Control is the difference between the transfer price and book value of assets, liabilities, shares or other forms of ownership instruments in a restructuring transaction among entities under common control previously recorded as “Difference in value of restructuring transactions among entities under common control” is presented as part of additional paid-in capital. aa.

Grup menghitung imbalan pasca kerja untuk karyawan sesuai dengan Undang Undang Ketenagakerjaan No. 13/2003. Kebijakan Bank adalah menghitung dan mengakui berdasarkan nilai yang tertinggi antara undang-undang yang berlaku dengan manfaat yang diterima dari kesepakatan kerjasama yang ditetapkan Bank dengan karyawannya.

Post-employment Benefits The Group provides post-employment benefits to its employees as required under Labor Law No. 13/2003 (the “Labor Law”). The Bank’s policy is to calculate and recognize the higher of the benefits under the Labor Law and those under the agreement between the Bank and its employees.

- 32 -


129



Perhitungan imbalan pasca kerja menggunakan metode Projected Unit Credit. Akumulasi keuntungan dan kerugian aktuarial bersih yang belum diakui yang melebihi 10% dari nilai kini liabilitas imbalan pasti diakui dengan metode garis lurus selama rata-rata sisa masa kerja yang diperkirakan dari para pekerja dalam program tersebut. Biaya jasa lalu dibebankan langsung apabila imbalan tersebut menjadi hak atau vested, dan sebaliknya akan diakui sebagai beban dengan metode garis lurus selama periode rata-rata sampai imbalan tersebut menjadi vested.

The cost of providing post-employment benefits is determined by an independent actuary using the Projected Unit Credit Method. The accumulated unrecognized actuarial gains and losses that exceed 10% of the Group’s defined benefit obligations are recognized on a straight-line basis over the expected average remaining working lives of the participating employees. Past service cost is recognized immediately to the extent that the benefits are already vested, and otherwise is amortized on a straight-line basis over the average period until the benefits become vested.

Jumlah yang diakui sebagai liabilitas imbalan pasti di laporan posisi keuangan konsolidasian merupakan nilai kini liabilitas imbalan pasti disesuaikan dengan keuntungan dan kerugian aktuarial yang belum diakui, biaya jasa lalu yang belum diakui dan nilai wajar aset program.

The benefit obligation recognized in the consolidated statement of financial position represents the present value of the defined benefit obligation reduced by the fair value of plan assets and as adjusted for unrecognized actuarial gains and losses, unrecognized past service cost and as reduced by the fair value of scheme assets.

bb. Pendapatan dan Beban Bunga

cc.

bb. Interest Revenues and Expenses

Pendapatan dan beban bunga diakui secara akrual menggunakan metode suku bunga efektif (Catatan 3g).

Interest income and expenses are recognized on an accrual basis using the effective interest rate method (Note 3g).

Penerimaan yang berhubungan dengan kredit yang mengalami penurunan nilai langsung mengurangi nilai tercatat kredit. Pendapatan bunga atas aset keuangan yang mengalami penurunan nilai pada periode berjalan diakui atas dasar suku bunga yang digunakan untuk mendiskonto arus kas masa datang dalam pengukuran kerugian penurunan nilai. Suku bunga tersebut diterapkan terhadap nilai kredit setelah memperhitungkan penurunan nilai.

Revenue related to impaired loan directly reduces the carrying amount of the loan. Interest income on impaired financial assets in the current period is recognized on the basis of the interest rate rates used for discounting future cash flows in the measurement of impairment losses. The interest rates are applied to the loan amounts net of impairment losses.

Pendapatan lain yang diterima sehubungan dengan transaksi pembiayaan konsumen diakui dan dicatat sebagai pendapatan dalam tahun yang bersangkutan.

Other revenues relating to consumer financing transactions are recognized and recorded as income in current operations.

Bunga dari liabilitas keuangan, diakui sebagai beban pada laporan laba rugi komprehensif konsolidasian.

Interest from financial liabilities is recognized as an expense in the consolidated statement of comprehensive income.

Pendapatan dan beban bunga yang diakui dalam laporan keuangan adalah bunga pada aset dan liabilitas keuangan pada biaya perolehan diamortisasi yang dihitung menggunakan suku bunga efektif.

Interest income and expense recognized in the consolidated financial statement is interest on financial assets and liabilities measured at amortized costs using the effective interest rate method.

Pengakuan Pendapatan Provisi dan Komisi

dan

Beban

cc.

Pendapatan provisi dan komisi yang berkaitan langsung dengan kegiatan perkreditan atau jangka waktu tertentu yang jumlahnya signifikan ditangguhkan dan diamortisasi sesuai dengan jangka waktunya dengan menggunakan suku bunga efektif. Untuk kredit yang dilunasi sebelum jatuh temponya, saldo pendapatan provisi dan/atau komisi yang ditangguhkan, diakui pada saat kredit dilunasi.

Revenues and Expenses on Fees and Commissions Fees and commissions directly related to loan activities or specific terms and with significant amounts are deferred and amortized over the periods of related loan commitments using the effective interest rate method. For loans settled prior to maturity date, the balances of deferred fee or commission are recognized as income at loan settlement date.

- 33 -


130



Provisi dan komisi yang tidak berkaitan dengan kegiatan perkreditan atau pinjaman dan jangka waktu atau nilainya tidak material, diakui sebagai pendapatan atau beban pada saat terjadinya transaksi.

Fees and commissions which are not related to either loan activities or period of time or whose amounts are not material are recognized as revenue or expense when earned or incurred.

dd. Pajak Penghasilan

dd. Income Tax

Beban pajak kini ditentukan berdasarkan laba kena pajak dalam periode yang bersangkutan yang dihitung berdasarkan tarif pajak yang berlaku.

Current tax expense is determined based on the taxable income for the year computed using prevailing tax rates.

Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajak periode mendatang yang timbul dari perbedaan jumlah tercatat aset dan liabilitas menurut laporan keuangan konsolidasian dengan dasar pengenaan pajak aset dan liabilitas. Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak dan aset pajak tangguhan diakui untuk semua perbedaan temporer yang boleh dikurangkan, sepanjang besar kemungkinan dapat dimanfaatkan untuk mengurangi laba kena pajak pada masa datang.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax liabilities are recognized for all taxable temporary differences and deferred tax assets are recognized for all deductible temporary differences to the extent that it is probable that taxable income will be available in future periods against which the deductible temporary differences can be utilized.

Aset dan liabilitas pajak tangguhan diukur dengan menggunakan tarif pajak yang diekspektasikan berlaku dalam periode ketika liabilitas diselesaikan atau aset dipulihkan dengan tarif pajak (dan peraturan pajak) yang telah berlaku atau secara substantif telah berlaku pada akhir periode pelaporan.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on the tax rates (and tax laws) that have been enacted, or substantively enacted, by the end of the reporting period.

Pengukuran aset dan liabilitas pajak tangguhan mencerminkan konsekuensi pajak yang sesuai dengan cara Grup ekspektasikan, pada akhir periode pelaporan, untuk memulihkan atau menyelesaikan jumlah tecatat aset dan liabilitasnya.

The measurement of deferred tax assets and liabilities reflects the consequences that would follow from the manner in which the Group expect, at the end of the reporting period, to recover or settle the carrying amount of their assets and liabilities.

Jumlah tercatat aset pajak tangguhan dikaji ulang pada akhir periode pelaporan dan dikurangi jumlah tercatatnya jika kemungkinan besar laba kena pajak tidak lagi tersedia dalam jumlah yang memadai untuk mengkompensasikan sebagian atau seluruh aset pajak tangguhan tersebut.

The carrying amount of deferred tax asset is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Aset dan liabilitas pajak tangguhan saling hapus ketika entitas memiliki hak yang dapat dipaksakan secara hukum untuk melakukan saling hapus aset pajak kini terhadap liabilitas pajak kini dan ketika aset pajak tangguhan dan liabilitas pajak tangguhan terkait dengan pajak penghasilan yang dikenakan oleh otoritas perpajakan yang sama serta Grup yang berbeda yang bermaksud untuk memulihkan aset dan liabilitas pajak kini dengan dasar neto.

Deferred tax assets and liabilities are offset when there is legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Group intend to settle their current tax assets and current tax liabilities on a net basis.

Pajak kini dan pajak tangguhan diakui sebagai beban atau penghasilan dalam laba atau rugi, kecuali sepanjang pajak penghasilan yang berasal dari transaksi atau kejadian yang diakui, diluar laba atau rugi (baik dalam pendapatan komprehensif lain maupun secara langsung di ekuitas), dalam hal tersebut pajak juga diakui di luar laba atau rugi.

Current and deferred tax are recognized as an expense or income in profit or loss, except when they relate to items that are recognized outside of profit or loss (whether in other comprehensive income or directly in equity), in which case the tax is also recognized outside of profit or loss.

- 34 -


131


ee.

ff.


Laba per Saham

ee.

Earnings per Share

Laba per saham dasar dihitung dengan membagi laba bersih konsolidasian yang diatribusikan kepada pemilik entitas induk dengan jumlah rata-rata tertimbang saham yang beredar pada tahun yang bersangkutan.

Basic earnings per share is calculated by dividing consolidated net income attributable to the owners of the entity with the weighted average number of shares outstanding during the year.

Laba per saham dilusian dihitung dengan membagi laba bersih konsolidasian yang diatribusikan kepada pemilik entitas induk dengan jumlah rata-rata tertimbang saham biasa yang telah disesuaikan dengan dampak dari semua efek berpotensi saham biasa yang dilutif.

Diluted earnings per share is computed by dividing consolidated net income attributable to the owners of the entity by the weighted average number of shares outstanding as adjusted for the effects of all potentially dilutive ordinary shares.

Provisi

ff.

Provisions

Provisi diakui ketika Grup memiliki kewajiban kini (baik bersifat hukum maupun konstruktif) sebagai akibat peristiwa masa lalu, kemungkinan besar Grup diharuskan menyelesaikan kewajiban dan estimasi andal mengenai jumlah kewajiban tersebut dapat dibuat.

Provisions are recognized when the Group have a present obligation (legal or constructive) as a result of a past event, it is probable that the Group will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

Jumlah yang diakui sebagai provisi merupakan estimasi terbaik dari pertimbangan yang diperlukan untuk menyelesaikan kewajiban kini pada akhir periode pelaporan, dengan mempertimbangkan risiko dan ketidakpastian yang meliputi kewajibannya. Apabila suatu provisi diukur menggunakan arus kas yang diperkirakan untuk menyelesaikan kewajiban kini, maka nilai tercatatnya adalah nilai kini dari arus kas.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

Ketika beberapa atau seluruh manfaat ekonomi untuk penyelesaian provisi yang diharapkan dapat dipulihkan dari pihak ketiga, piutang diakui sebagai aset apabila terdapat kepastian bahwa penggantian akan diterima dan jumlah piutang dapat diukur secara andal.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

gg. Penurunan Nilai Aset Non-keuangan

gg. Impairment of Non-financial Asset

Pada tanggal pelaporan, Grup menelaah nilai tercatat aset non-keuangan untuk menentukan apakah terdapat indikasi bahwa aset tersebut telah mengalami penurunan nilai. Jika terdapat indikasi tersebut, nilai yang dapat diperoleh kembali dari aset diestimasi untuk menentukan tingkat kerugian penurunan nilai (jika ada). Bila tidak memungkinkan untuk mengestimasi nilai yang dapat diperoleh kembali atas suatu aset individu, Grup mengestimasi nilai yang dapat diperoleh kembali dari unit penghasil kas atas aset.

At reporting dates, the Group review the carrying amounts of non-financial assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimate the recoverable amount of the cash generating unit to which the asset belongs.

- 35 -


132



Perkiraan jumlah yang dapat diperoleh kembali adalah nilai tertinggi antara nilai wajar setelah dikurangi biaya untuk menjual atau nilai pakai. Jika jumlah yang dapat diperoleh kembali dari aset non-keuangan (unit penghasil kas) kurang dari nilai tercatatnya, nilai tercatat aset (unit penghasil kas) dikurangi menjadi sebesar nilai yang dapat diperoleh kembali dan rugi penurunan nilai diakui langsung ke laba rugi. 4.

Estimated recoverable amount is the higher fair value less cost to sell and value in use. If the recoverable amount of a non-financial asset (cash generating unit) is less than its carrying amount, the carrying amount of the asset (cash generating unit) is reduced to its recoverable amount and an impairment loss is recognized immediately against earnings.

PERTIMBANGAN KRITIS AKUNTANSI DAN ESTIMASI AKUNTANSI YANG SIGNIFIKAN

4.

CRITICAL ACCOUNTING JUDGMENTS AND ESTIMATES

Dalam rangka penerapan kebijakan akuntansi Grup, sebagaimana dijelaskan pada Catatan 3, manajemen diharuskan untuk membuat pertimbangan, estimasi dan asumsi tentang nilai tercatat aset dan liabilitas yang tidak tersedia dari sumber lain. Estimasi dan asumsi dasar berdasarkan pengalaman historis dan faktor lain yang dianggap relevan. Hasil aktual dapat berbeda dari estimasi tersebut.

In the application of the Group’s accounting policies, which are described in Note 3, the management is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Estimasi dan asumsi yang mendasari direview secara berkala. Revisi terhadap estimasi akuntansi akan diakui pada periode dimana estimasi tersebut direvisi, jika revisi tersebut hanya berpengaruh terhadap periode tersebut, atau pada periode tersebut dan periode berikutnya jika revisi tersebut mempengaruhi kedua periode tersebut.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Pertimbangan Kritis Kebijakan Akuntansi

Penerapan

Critical Judgments in Applying Accounting Policies

Di bawah ini adalah pertimbangan kritis, selain dari estimasi yang telah diatur, dimana manajemen telah membuat suatu proses penerapan kebijakan akuntansi Grup dan memiliki pengaruh paling signifikan terhadap jumlah yang diakui dalam laporan keuangan konsolidasian.

Below are the critical judgements, apart from those involving estimations, that the management have made in the process of applying the Group accounting policies and that have the most significant effect on the amounts recognized in the consolidated financial statements.

Aset keuangan yang dimiliki hingga jatuh tempo

Held-to-maturity financial assets

Manajemen telah menelaah aset keuangan Grup yang dimiliki hingga jatuh tempo karena persyaratan pemeliharaan modal dan likuiditas dan telah dikonfirmasi intensi positif Grup dan kemampuan untuk memiliki aset tersebut hingga jatuh tempo. Rincian dan jumlah tercatat aset keuangan yang dimiliki hingga jatuh tempo dijelaskan dalam Catatan 8.

The management have reviewed the Group’s heldto-maturity financial assets in the light of its capital maintenance and liquidity requirements and have confirmed the Group’s positive intention and ability to hold those assets to maturity. The details and its carrying amounts of the held-to-maturity financial assets are described in Note 8.

Sumber estimasi ketidakpastian

Key sources of estimation uncertainty

Asumsi utama mengenai masa depan dan sumber estimasi lainnya pada akhir periode pelaporan, yang memiliki risiko signifikan yang mengakibatkan penyesuaian material terhadap jumlah tercatat aset dan liabilitas dalam periode pelaporan berikutnya dijelaskan dibawah ini:

The key assumptions concerning future, and other key sources of estimation at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period are explained below:

dalam

- 36 -


133


Cadangan keuangan

aset

Provision for losses on impairment of financial assets

Pada setiap tanggal laporan posisi keuangan, Grup mengevaluasi apakah terdapat bukti objektif bahwa aset keuangan mengalami penurunan nilai. Suatu aset keuangan dinyatakan mengalami penurunan nilai bila ada bukti obyektif terjadinya peristiwa yang berdampak pada estimasi arus kas atas aset keuangan. Bukti tersebut meliputi data yang dapat diobservasi yang menunjukkan bahwa telah terjadi dalam status peristiwa yang merugikan pembayaran debitur atau kondisi ekonomi nasional atau lokal yang berkorelasi dengan kelalaian membayar piutang.

At each reporting date, the Group evaluate whether there is objective evidence that financial assets are impaired. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the financial assets have been affected. The evidence includes observable data which indicates that an adverse event has occurred in the payment status of borrowers or in the national or local economic conditions that correlate with the omission of payment of receivables.

Kerugian penurunan nilai adalah selisih antara nilai tercatat dan nilai kini dari estimasi arus kas masa depan dan realisasi agunan pada tingkat suku bunga efektif awal dari aset keuangan tersebut. Cadangan kerugian penurunan nilai akan dibentuk untuk mengakui kerugian penurunan nilai yang terjadi dalam portofolio aset keuangan. Manajemen menggunakan perkiraan berdasarkan pengalaman kerugian historis untuk aset dengan karakteristik risiko kredit dan bukti obyektif adanya penurunan nilai yang serupa dengan yang ada dalam portofolio pada saat penjadwalan arus kas masa depan.

Impairment loss is the difference between the carrying amount and the present value of estimated future cash flows and the realization of collateral at the initial effective interest rates of the financial assets. Provision for loss on impairment will be set up to recognize the impairment loss that occurs in a portfolio of financial assets. Management uses estimates based on historical loss experience for assets with credit risk characteristics and objective evidence of impairment similar to those in the portfolio when scheduling the future cash flows.

Grup melakukan penilaian terhadap penurunan nilai dalam dua cara, yaitu:

The Group perform assessment of the impairment amounts in two ways, namely:

a.

kerugian

penurunan

nilai


Individual, dilakukan untuk jumlah aset keuangan yang melebihi ambang batas (threshold) tertentu dan aset keuangan yang memiliki bukti obyektif penurunan nilai yang telah teridentifikasi secara terpisah pada tanggal pelaporan. Kerugian penurunan nilai adalah selisih antara nilai tercatat dan nilai kini dari estimasi terbaik atas arus kas masa depan dan realisasi agunan pada tingkat suku bunga efektif awal dari aset keuangan tersebut. Estimasi ini dilakukan dengan mempertimbangkan kapasitas utang dan fleksibilitas keuangan debitur, kualitas pendapatan debitur, jumlah dan sumber arus kas, industri di mana debitur beroperasi dan nilai realisasi agunan. Estimasi jumlah dan waktu pemulihan masa depan akan membutuhkan banyak pertimbangan. Jumlah penerimaan tergantung pada kinerja debitur pada masa mendatang dan nilai agunan, keduanya akan dipengaruhi oleh kondisi ekonomi di masa depan, di samping itu agunan mungkin tidak mudah dijual. Nilai aktual arus kas masa depan dan tanggal penerimaan mungkin berbeda dari estimasi tersebut dan akibatnya kerugian aktual yang terjadi mungkin berbeda dengan yang diakui dalam laporan keuangan konsolidasian.

a.

Individually, made to the amount of financial assets that exceed certain threshold and to certain financial assets that have objective evidence that impairment has been identified separately on the reporting date. Impairment loss is the difference between the carrying amount and the present value of the best estimated future cash flows and realization of collateral at the initial effective interest rates of financial assets. The estimates are made by considering the debt capacity and financial flexibility of the debtor, debtor's earnings quality, quantity and source of cash flows, industry in which the debtor operates and realizable value of collateral. Estimating the amount and timing of future recovery will require a lot of considerations. The amount of revenue depends on the performance of the debtor in the future and the value of collateral, both of which will be affected by future economic conditions, in addition to the fact that the collateral may not be easily sold. The actual value and date of receipt of future cash flows may differ from the estimates and as a result, actual loss which occurs may be different from the amount recognized in the consolidated financial statements.

- 37 -


134


b.


Kolektif, dilakukan untuk jumlah aset keuangan yang tidak melebihi ambang batas (threshold) tertentu, tidak memiliki bukti obyektif penurunan nilai dan aset keuangan yang memiliki bukti obyektif penurunan nilai, namun belum diidentifikasi secara terpisah pada tanggal pelaporan. Pembentukan kerugian penurunan nilai dilakukan secara kolektif dengan antara lain memperhitungkan jumlah dan lamanya tunggakan, agunan dan pengalaman kerugian masa lalu. Faktor paling penting dalam pembentukan cadangan adalah probability of default dan loss given default. Kualitas aset keuangan pada masa mendatang dipengaruhi oleh ketidakpastian yang dapat menyebabkan kerugian aktual aset keuangan dapat berbeda secara material dari cadangan kerugian penurunan nilai yang telah dibentuk. Ketidakpastian ini termasuk lingkungan ekonomi, suku bunga dan pengaruhnya terhadap pembelanjaan debitur, tingkat pengangguran dan perilaku pembayaran.

b.

Collectively, made to the amount of financial assets that do not exceed certain threshold and do not have objective evidence of impairment assessed individually, and to the financial assets that have objective evidence of impairment but has not been identified separately on the reporting date. Establishment of collective impairment loss is made by, among others, taking into account the number and duration of arrears, collateral and past loss experience. The most important factors in establishing reserves are the probability of default and the loss given default. The quality of financial assets in the future is affected by uncertainties that could cause actual loss on financial assets, which may differ materially from the impairment loss reserves that have been established. These uncertainties include the economic environment, interest rates and the effect on spending of the debtor, unemployment rate and payment behavior.

Metodologi dan asumsi yang digunakan dalam penurunan nilai individual dan kolektif ini akan ditelaah secara berkala untuk mengurangi perbedaan antara estimasi kerugian dan kerugian aktual.

The methodology and assumptions used in the individual and collective impairment will be reviewed regularly to reduce the difference between estimated and actual losses.

Manfaat Karyawan

Employee benefits

Penentuan liabilitas imbalan kerja tergantung pada pemilihan asumsi tertentu yang digunakan oleh aktuaris dalam menghitung jumlah liabilitas tersebut. Asumsi tersebut termasuk antara lain tingkat diskonto dan tingkat kenaikan gaji. Realisasi yang berbeda dari asumsi Grup diakumulasi dan diamortisasi selama periode mendatang dan akibatnya akan berpengaruh terhadap jumlah biaya serta liabilitas yang diakui di masa mendatang. Walaupun asumsi Grup dianggap tepat dan wajar, namun perubahan signifikan pada kenyataannya atau perubahan signifikan dalam asumsi yang digunakan dapat berpengaruh secara signifikan terhadap liabilitas imbalan pasca kerja Grup.

Determination of liability for employee benefits depends on the selection of certain assumptions used by actuaries in calculating the amount of such liability. These assumptions include, among others, the discount rate and the rate of increase in salaries. Different realization of the Group’s assumptions is accumulated and amortized over future periods and consequently will affect the amount of costs and liabilities recognize in the future periods. Although the assumptions used by the Group are assessed to be appropriate and fair, significant changes in actual events or significant changes in the assumptions used can significantly affect the Group's post-employment benefits liability.

Taksiran Masa Manfaat Ekonomis Aset Tetap

Estimated Useful Equipment

Masa manfaat setiap aset tetap Grup ditentukan berdasarkan kegunaan yang diharapkan dari aset tersebut. Estimasi ini ditentukan berdasarkan evaluasi teknis internal dan pengalaman atas aset sejenis. Masa manfaat setiap aset direview secara periodik dan disesuaikan apabila prakiraan berbeda dengan estimasi sebelumnya karena keausan, keusangan teknis dan komersial, hukum atau keterbatasan lainnya atas pemakaian aset. Namun terdapat kemungkinan bahwa hasil operasi dimasa mendatang dapat dipengaruhi secara signifikan oleh perubahan atas jumlah serta periode pencatatan biaya yang diakibatkan karena perubahan faktor yang disebutkan di atas.

The useful life of each item of the Group premises and equipment, are estimated based on the period over which the asset is expected to be available for use. Such estimation is based on internal technical evaluation and experience with similar assets. The estimated useful life of each asset is reviewed periodically and updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence and legal or other limits on the use of the asset. It is possible, however, that future results of operations could be materially affected by changes in the amounts and timing of recorded expenses brought about by changes in the factors mentioned above.

- 38 -


Lives

of

Premises

and

135


5.


Perubahan masa manfaat aset tetap dapat mempengaruhi jumlah biaya penyusutan yang diakui dan penurunan nilai tercatat aset tetap.

A change in the estimated useful life of any item of premises and equipment would affect the recorded depreciation expense and decrease in the carrying values of premises and equipment.

Nilai tercatat Catatan 14.

The carrying amounts of premises and equipment are disclosed in Note 14.

aset

tetap

diungkapkan

dalam

GIRO PADA BANK INDONESIA Jumlah/ Total Rp

5. 2014

Rupiah Dollar Amerika Serikat

245.378.440.078 631.635.000.000

Jumlah

877.013.440.078

GWM Primer/ Primary MMD % 8,98 8,30

DEMAND DEPOSITS WITH BANK INDONESIA Jumlah/ Total Rp

2013

253.840.815.723 620.670.000.000 874.510.815.723

GWM Primer/ Primary MMD % 8,69 8,27

Rupiah U.S. Dollar Total

Sesuai dengan Peraturan Bank Indonesia (PBI) No. 15/15/PBI/2013 tanggal 24 Desember 2013 yang berlaku efektif sejak 31 Desember 2013, tentang Giro Wajib Minimum Bank Umum pada Bank Indonesia dalam Rupiah dan Valuta Asing, setiap bank di Indonesia diwajibkan mempunyai saldo giro minimum di Bank Indonesia untuk cadangan likuiditas. Giro Wajib Minimum (GWM) dalam Rupiah terdiri dari GWM Primer ditetapkan sebesar 8% dan GWM Sekunder ditetapkan sebesar 4%, serta GWM Loan to Deposit Ratio (LDR) sebesar perhitungan antara parameter disinsentif bawah atau parameter disinsentif atas dengan selisih antara LDR bank dan LDR target dengan memperhatikan selisih antara Kewajiban Penyediaan Modal Minimum (KPMM) bank dan KPMM Insentif. GWM dalam Dollar Amerika Serikat ditetapkan sebesar 8%.

In accordance with Bank Indonesia Regulation (PBI) No. 15/15/PBI/2013 dated December 24, 2013 which is effective from December 31, 2013, regarding Mandatory Minimum Deposit (MMD) Balances with Bank Indonesia in Rupiah and Foreign Currencies, each bank in Indonesia is required to maintain minimum deposit balances with Bank Indonesia, as liquidity reserve. The MMD in Rupiah consists of Primary MMD which is set at 8% and the Secondary MMD which is set at 4%, and MMD Loan to Deposit Ratio (LDR MMD) which is determined based on parameters under disincentive or over disincentive for the difference between the bank's LDR and target LDR by taking into account the difference between the bank's Capital Adequacy Ratio (CAR) and CAR incentive MMD in the United States Dollar is set at 8%.

Pada tanggal 31 Desember 2014, GWM sekunder Bank yang terdiri dari Sertifikat Bank Indonesia (SBI), Sertifikat Deposito Bank Indonesia (SDBI) dan Surat Utang Negara (SUN) sebesar 9,88%. Pada tanggal 31 Desember 2013, GWM Sekunder Bank yang terdiri dari Sertifikat Bank Indonesia (SBI) sebesar 8,31%.

As of December 31, 2014, the Bank’s secondary MMD which consists of Bank Indonesia Certificates, Bank Indonesia Certificates of Deposit and Government Bonds were 9.88%. As of December 31, 2013, the Bank’s Secondary MMD which consists of Bank Indonesia Certificates were 8.31%.

Pada tanggal 31 Desember 2014 dan 2013, Bank tidak membentuk GWM LDR karena LDR Bank lebih besar dari batas atas LDR target dan KPMM Bank diatas 14%.

As of December 31, 2014 and 2013, the Bank did not establish LDR minimum statutory reserves because the Bank’s LDR was above LDR target and Bank’s CAR was above 14%.

Pada tanggal 31 Desember 2014 dan 2013, Bank telah memenuhi GWM sesuai dengan ketentuan Bank Indonesia.

As of December 31, 2014 and 2013, the Bank has complied with the MMD required under Bank Indonesia regulation.

Seluruh giro pada Bank Indonesia pada tanggal 31 Desember 2014 dan 2013 tidak mengalami penurunan nilai, karena ditransaksikan dengan Bank Sentral Republik Indonesia yang memiliki risiko gagal bayar rendah.

All demand deposits with Bank Indonesia as of December 31, 2014 and 2013 are not impaired, since these are transacted with Central Bank of Republic of Indonesia with low probability of insolvency.

- 39 -


136


6.


GIRO PADA BANK LAIN

6.

This account represents current accounts with banks other than Bank Indonesia, with detail as follows:

Merupakan penempatan giro pada bank lain selain Bank Indonesia, dengan rincian sebagai berikut: 2014 Rp

Pihak berelasi Mata uang asing Resona Bank Ltd, Jepang The Bank of East Asia, Hongkong Pihak ketiga Rupiah PT Bank Central Asia Tbk, Jakarta PT Bank Mandiri (Persero) Tbk, Jakarta Lainnya (masing-masing di baw ah Rp 10 juta) Mata uang asing JP Morgan Chase Bank NA, Amerika Serikat Citibank JP Tokyo, Jepang Deutsche Bank Trust Co., Amerika Serikat PT Bank Central Asia Tbk, Jakarta OCBC Bank, Singapura JP Morgan Chase Bank AG, Jerman Bangkok Bank Public Company Limited, Thailand OCBC-NISP Bank, Jakarta Lainnya (masing-masing di baw ah Rp 1 miliar) Sub jumlah Jumlah

2013 Rp

32.449.763.177

Sub jumlah

DEMAND DEPOSITS WITH OTHER BANKS

6.305.302.185

20.180.762

11.270.151

32.469.943.939

6.316.572.336

270.756.115 56.800.818

272.662.161 14.847.846

8.904.441

6.764.849

371.440.612.212 219.778.680.108

419.133.957.836 233.408.863.461

92.977.733.023 34.641.656.589 11.975.079.706

142.632.534.965 39.770.732.318 4.742.447.484

6.651.590.738

5.569.557.351

1.301.652.055 -

4.207.736.427 2.496.299.812

1.104.455.090

422.170.903

740.207.920.895

852.678.575.413

772.677.864.834

858.995.147.749

Tingkat bunga efektif rata-rata per tahun Rupiah

0,33%

0,21%

Related parties Foreign currencies Resona Bank Ltd, Japan The Bank of East Asia, Hongkong Sub total Third parties Rupiah PT Bank Central Asia Tbk, Jakarta PT Bank Mandiri (Persero) Tbk, Jakarta Others (below Rp 10 million each) Foreign currencies JP Morgan Chase Bank NA, USA Citibank JP Tokyo, Japan Deutsche Bank Trust Co., USA PT Bank Central Asia Tbk, Jakarta OCBC Bank, Singapore JP Morgan Chase Bank AG, Germany Bangkok Bank Public Company Limited, Thailand OCBC-NISP Bank, Jakarta Others (below Rp 1 billion each) Sub total Total

Average annual interest rate Rupiah

Seluruh giro pada bank lain pada tanggal 31 Desember 2014 dan 2013 tidak mengalami penurunan nilai.

All demand deposits with other banks are not impaired as of December 31, 2014 and 2013.

Manajemen berpendapat bahwa cadangan kerugian penurunan nilai atas giro pada bank lain tidak perlu dibentuk karena giro pada bank lain dinilai akan dapat dicairkan pada saat jatuh tempo.

Management believes that no allowance for impairment losses is to be provided since demand deposits with other banks are assessed to be collectible upon maturity.

- 40 -


137


7.


PENEMPATAN PADA BANK INDONESIA DAN BANK LAIN

7.

Penempatan pada Bank Indonesia dan bank lain berdasarkan jenis, mata uang dan nama bank adalah sebagai berikut:

Jenis penempatan Pihak ketiga Mata uang asing Deposito berjangka Standard Chartered Bank, Jakarta Bank ANZ Indonesia, Jakarta Rupiah Bank Indonesia Intervensi setelah dikurangi bunga yang belum diamortisasi sebesar Rp 158.087.126 Jumlah Penempatan Pada Bank Indonesia dan Bank Lain

Jenis penempatan Pihak ketiga Mata uang asing Deposito berjangka - OCBC Bank, Singapura Rupiah Bank Indonesia Intervensi setelah dikurangi bunga yang belum diamortisasi sebesar Rp 222.918.816 Jumlah Penempatan Pada Bank Indonesia dan Bank Lain

Jangka waktu/ Term Hari/Days

PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS Classification of placements with Bank Indonesia and other banks by type, currencies and bank’s name are as follows:

2014 Tingkat bunga efektif rata-rata per tahun/ Average annual effective interest rate

736-1.099 735-1.099

0,25% 0,28%

2

5,75%

Jumlah/ Amount Rp

737.186.100.575 353.448.938.565

989.841.912.874 2.080.476.952.014



212

2

0,27%

5,75%

Jumlah/ Amount Rp

328.590.000.000

1.395.777.081.184 1.724.367.081.184

Type of placement Third parties Foreign currencies Time deposits Standard Chartered Bank, Jakarta Bank ANZ Indonesia, Jakarta Rupiah Bank Indonesia Intervention net of unamortized interest of Rp 158,087,126 Total Placements with Bank Indonesia and Other Banks

Type of placement Third parties Foreign currencies Time deposit - OCBC Bank, Singapore Rupiah Bank Indonesia Intervention net of unamortized interest of Rp 222,918,816 Total Placements with Bank Indonesia and Other Banks

Pada tanggal 31 Desember 2014 dan 2013, penempatan pada bank lain dalam bentuk deposito berjangka sebesar Rp 1.090.635.039.140 dan Rp 328.590.000.000 dijadikan sebagai jaminan pinjaman yang diterima (Catatan 21).

As of December 31, 2014 and 2013, placements with other banks in the form of time deposits amounting to Rp 1,090,635,039,140 and Rp 38,590,000,000 was used to secure the borrowings (Note 21).

Pada tanggal 31 Desember 2014 dan 2013, penempatan pada Bank Indonesia tidak mengalami penurunan nilai karena ditransaksikan dengan Bank Sentral Republik Indonesia yang memiliki risiko gagal bayar rendah.

As of December 31, 2014 and 2013, the placements with Bank Indonesia are not impaired since these are transacted with Central Bank of Republic of Indonesia with low probability of insolvency.

Manajemen berpendapat bahwa cadangan kerugian penurunan nilai atas penempatan pada bank lain tidak perlu dibentuk karena penempatan pada bank lain dinilai akan dapat dicairkan pada saat jatuh tempo.

Management believes that no allowance for impairment losses is to be provided since placements with other banks are assessed to be collectible upon maturity.

- 41 -


138



Nilai tercatat pada biaya perolehan diamortisasi dari penempatan pada Bank Indonesia dan bank lain adalah sebagai berikut:

Penempatan pada Bank Indonesia dan bank lain Pendapatan bunga yang masih harus diterima (Catatan 15) Jumlah

8.

Carrying amount at amortized cost of the placements with Bank Indonesia and other banks are as follows:

2014 Rp

2013 Rp

2.080.476.952.014

1.724.367.081.184

280.857.989

343.628.469

2.080.757.810.003

1.724.710.709.653

EFEK-EFEK

8.

Efek-efek berdasarkan klasifikasi, jenis dan mata uang adalah sebagai berikut:

242.667.000.000

101.382.873.969

Sertifikat Deposito Bank Indonesia Bunga yang belum diamortisasi

110.000.000.000 (3.074.897.802)

Subjumlah

268.307.976.167

Subjumlah Jumlah Efek-efek - Bersih


type

and

Third parties Held-to-m aturity Rupiah Bank Indonesia Certificates

-

Government Bonds Bank Indonesia Certificates of Deposit Unamortized interest

(3.814.735.234) 238.852.264.766

64.529.550.391 (87.961.258)

31.904.778.230 (46.719.556)

64.441.589.133

31.858.058.674

332.749.565.300

270.710.323.440

Suku bunga rata-rata per tahun dan jangka waktu adalah sebagai berikut:

Sertifikat Bank Indonesia Sertifikat Deposito Bank Indonesia Obligasi Pemerintah Republik Indonesia Wesel ekspor

SECURITIES

2013 Rp

60.000.000.000

Pinjam an yang diberikan dan piutang Mata uang asing Wesel ekspor Bunga yang belum diamortisasi

Total

Securities based on classification, currencies are as follows:

2014 Rp Pihak ketiga Dim iliki hingga jatuh tem po Rupiah Sertifikat Bank Indonesia Obligasi Pemerintah Republik Indonesia

Placements w ith Bank Indonesia and other banks Accrued interest receivable (Note 15)

Subtotal Loans and receivables Foreign currencies Export drafts Unamortized interest Subtotal Total Securities - Net

Average interest rates per annum and term are as follows:




273

7,13%

273

5,60%

182

6,74%

-

-

1.665 13 - 103

8,58% 5,75%

14 - 118

5,66%

Bank Indonesia Certificates Bank Indonesia Certificates of Deposit Government Bonds Export drafts

Seluruh efek-efek pada tanggal 31 Desember 2014 dan 2013 tidak mengalami penurunan nilai.

All securities are not impaired as of December 31, 2014 and 2013.

Manajemen berpendapat bahwa cadangan kerugian penurunan nilai atas efek-efek tidak perlu dibentuk karena efek-efek dinilai akan dapat dicairkan pada saat jatuh tempo.

Management believes that no allowance for impairment losses is to be provided since securities are assessed to be collectible upon maturity.

- 42 -


139



Nilai tercatat pada biaya perolehan diamortisasi dari efek-efek adalah sebagai berikut:

Carrying amount at amortized cost of the securities are as follows:

2014 Rp

9.

2013 Rp

Efek-efek Pendapatan bunga yang masih harus diterima (Catatan 15)

332.749.565.300

270.710.323.440

2.823.713.648

131.176.575

Jumlah

335.573.278.948

270.841.500.015

TAGIHAN DAN LIABILITAS DERIVATIF

9.

Securities Accrued interest receivable (Note 15) Total

DERIVATIVE RECEIVABLES AND PAYABLES

Bank melakukan transaksi derivatif terutama dalam bentuk pembelian dan penjualan berjangka valuta asing (forward) dan swap. Forward dan swap merupakan komitmen untuk menjual dan membeli sejumlah mata uang tertentu pada tanggal di masa mendatang dengan harga yang telah ditentukan terlebih dahulu.

The Bank’s derivative financial instruments principally consist of forward foreign exchange contracts and swap contracts. Forward and swap contracts are agreements to buy or sell a currency for another currency at a future date and at a specified price.

Transaksi perangkat moneter derivatif di atas menimbulkan risiko pasar dan risiko kredit. Risiko pasar dari transaksi perangkat moneter derivatif timbul sebagai akibat dari adanya fluktuasi dalam tingkat bunga dan nilai tukar mata uang asing. Sedangkan risiko kredit timbul dalam hal pihak lain tidak memenuhi liabilitasnya kepada Bank. Jangka waktu dari instrumen derivatif berkisar antara 1 sampai 13 bulan.

The Bank’s derivative financial instruments give rise to market and credit risks. The market risk of derivative financial instruments arises from the potential changes in value due to fluctuations in interest and foreign exchange rates. Credit risk is the possibility that a loss may occur due to the failure of a counterparty to fulfill its obligations according to the terms of the contract. The Bank’s derivative financial instruments have terms ranging from 1 to 13 months.

Pada tanggal 31 Desember 2014 dan 2013, tidak ada transaksi derivatif yang diperlakukan sebagai akuntansi lindung nilai. Dengan demikian, seluruh laba/rugi yang berasal dari transaksi derivatif diakui pada laba rugi.

As of December 31, 2014 and 2013, none of the Bank’s derivative transactions were designated as hedging instruments for accounting purposes. Accordingly, all gains and losses resulting from the derivative transactions are recognized in profit or loss.

Rincian tagihan dan liabilitas derivatif pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut:

The details of derivative receivables and payables as of December 31, 2014 and 2013 are as follows: 2014

Jumlah nosional/ Notional amount

Pihak ketiga Forw ard Sw ap Spot Jumlah tagihan derivatif dan liabilitas derivatif

Tagihan/ Receivables Rp

Beli/Buy Rp

Jual/Sell Rp

1.251.960.888.171 268.196.000.000 592.518.045.824

1.242.751.716.977 271.283.700.000 183.597.984.701

Liabilitas/ Payables Rp

16.144.238.508 520.578.810 434.561.209

9.914.511.915 380.210.580 429.367.711

17.099.378.527

10.724.090.206

Third parties Forw ard Sw ap Spot Total derivative receivables and derivative payables

2013 Jumlah nosional/ Notional amount

Pihak ketiga Forw ard Sw ap Spot Jumlah tagihan derivatif dan liabilitas derivatif

Beli/Buy Rp

Jual/Sell Rp

848.896.040.809 351.911.854.364 4.560.550.000

836.999.538.361 357.149.837.913 4.553.088.228

Tagihan/ Receivables Rp

Liabilitas/ Payables Rp

32.018.760.487 4.960.158.956 15.914.158

15.265.878.261 8.005.099.371 -

36.994.833.601

23.270.977.632

- 43 -


Third parties Forw ard Sw ap Spot Total derivative receivables and derivative payables

140



10. KREDIT a.

10. LOANS

Jenis Pinjaman

Rupiah Pihak ketiga Kredit modal kerja Kredit investasi Pinjaman ekspor Trust receipts Pinjaman sindikasi Kredit konsumsi Anjak piutang Pinjaman karyawan bukan manajemen Fasilitas cerukan

2014 Rp

By Type of Loans

2013 Rp

3.698.007.849.678 1.013.892.622.842 356.628.200.000 122.450.982.150 37.663.576.356 36.900.000.000 5.886.674.956

3.167.268.772.735 668.511.580.347 168.836.000.000 56.932.872.098 36.662.103.586 7.235.592.358

4.107.333.699 2.275.765.302

5.055.645.864 1.953.258.628

Jumlah Cadangan kerugian penurunan nilai

5.277.813.004.983

4.112.455.825.616

Bersih

5.107.971.804.402

Mata uang asing Pihak ketiga Kredit modal kerja Kredit investasi Pinjaman ekspor Trust receipts Promissory notes two-step loans Anjak piutang Ekspor two-step loans

(169.841.200.581)

85.813.708.170 48.688.568.157 4.830.150.000

86.559.130.980 42.014.765.312 8.543.340.000


5.321.320.467.120

5.598.937.724.620

Bersih

5.311.848.203.978

5.592.187.061.410

10.419.820.008.380

9.636.097.661.625

Tingkat bunga efektif rata-rata per tahun Rupiah Dollar Amerika Serikat Yen Jepang

10,90% 4,18% 1,32%

b. 2014 Rp

Rupiah Dollar Amerika Serikat Yen Jepang

Net Foreign currencies Third parties Working capital loans Investment loans Export loans Trust receipts Promissory notes two-step loans Factoring Export two-step loans Total Allowance for Impairment losses

(6.750.663.210)

10,20% 4,02% 1,51%

Mata Uang

Total Allowance for Impairment losses

4.043.910.600.215

3.017.924.165.169 1.220.197.612.277 993.822.925.205 229.875.785.677

(9.472.263.142)

Rupiah Third parties Working capital loans Investment loans Export loans Trust receipts Syndicated loans Consumption loans Factoring Non-management employee loans Overdraft facility

(68.545.225.401)

2.897.030.733.715 1.194.148.015.391 842.607.834.936 248.201.456.751

Kredit - Bersih

b.

a.

Net Loans - Net Average effective interest rates per annum Rupiah U.S. Dollar Japanese Yen

By Currencies 2013 Rp

5.277.813.004.983 5.104.490.899.282 216.829.567.838

4.112.455.825.616 5.270.280.159.928 328.657.564.692

Rupiah U.S. Dollar Japanese Yen


10.599.133.472.103

9.711.393.550.236


Kredit - Bersih

10.419.820.008.380

(179.313.463.723)

(75.295.888.611) 9.636.097.661.625

- 44 -


Loans - Net

141


c.


Sektor Ekonomi

c. 2014 Rp

d.

By Economic Sector 2013 Rp

Rupiah Industri Pembiayaan dan asuransi Perdagangan grosir Jasa usaha Konstruksi Listrik, air dan gas Hotel dan restoran Transportasi dan pergudangan Perusahaan induk Lain-lain Sub jumlah

2.777.987.026.871 1.271.540.816.507 544.998.577.390 403.975.334.719 122.926.635.745 108.216.102.974 4.000.000.000 3.154.909.993 41.013.600.784 5.277.813.004.983

2.115.410.050.396 867.409.305.341 566.327.261.531 394.185.891.788 141.913.951.975 7.000.000.000 14.859.618.721 294.100.000 5.055.645.864 4.112.455.825.616

Rupiah Industry Finance and insurance Wholesales trading Business service Construction Electricity, water and gas Hotel and restaurant Transportation and storage Holding company Others Sub total

Mata uang asing Industri Perdagangan grosir Jasa usaha Konstruksi Perusahaan induk Perdagangan retail Pembiayaan dan asuransi Pertanian Lain-lain Sub jumlah

2.515.193.252.421 1.113.717.228.303 650.458.850.415 531.215.504.598 173.204.225.000 113.694.300.000 74.588.092.790 3.715.500.000 145.533.513.593 5.321.320.467.120

2.423.367.113.788 1.423.679.317.140 721.397.311.073 568.570.122.692 170.197.450.000 114.154.600.000 67.157.869.210 3.651.000.000 106.762.940.717 5.598.937.724.620

Foreign Currencies Industry Wholesales trading Business service Construction Holding company Retail trading Finance and insurance Agriculture Others Sub total


10.599.133.472.103

9.711.393.550.236

Kredit - Bersih

10.419.820.008.380

(179.313.463.723)

(75.295.888.611) 9.636.097.661.625

Jangka Waktu

d.

Berdasarkan periode perjanjian kredit:

Total Allowance for Impairment losses Loans - Net

By Maturity Based on term of loan agreements:

Rupiah Rp

2014 Mata uang asing/ Foreign currencies Rp

Jumlah/ Total Rp

1 tahun > 1 - 2 tahun > 2 - 5 tahun > 5 tahun

1.506.462.319.750 1.788.085.246.127 1.355.292.174.615 627.973.264.491

1.329.897.861.159 2.193.514.970.962 768.977.734.571 1.028.929.900.428

2.836.360.180.909 3.981.600.217.089 2.124.269.909.186 1.656.903.164.919


5.277.813.004.983

5.321.320.467.120

10.599.133.472.103

Kredit - Bersih

5.107.971.804.402

(169.841.200.581)

(9.472.263.142) 5.311.848.203.978

- 45 -


(179.313.463.723) 10.419.820.008.380

1 year > 1 - 2 years > 2 - 5 years > 5 years Total Allowance for Impairment losses Loans - Net

142


e.


Rupiah Rp


Bersih/ Net Rp

1 tahun > 1 - 2 tahun > 2 - 5 tahun > 5 tahun

1.586.382.119.345 1.039.996.274.562 1.300.764.596.395 185.312.835.314

1.809.983.626.355 1.996.929.311.712 852.108.047.118 939.916.739.435

3.396.365.745.700 3.036.925.586.274 2.152.872.643.513 1.125.229.574.749

1 year > 1 - 2 years > 2 - 5 years > 5 years


4.112.455.825.616

5.598.937.724.620

9.711.393.550.236


Kredit - Bersih

4.043.910.600.215

(68.545.225.401)

(6.750.663.210) 5.592.187.061.410

e.

Kredit sindikasi merupakan kredit yang diberikan kepada debitur berdasarkan perjanjian pembiayaan bersama (sindikasi) dengan bank-bank lain. Keikutsertaan Bank sebagai anggota sindikasi dengan persentase kepesertaan masing-masing 4,15% dan 4% untuk tahun 2014 dan 2013.

(75.295.888.611) 9.636.097.661.625

Loans - Net

Syndicated loans represent loans given to debtors with syndicated financing agreements with other banks. The percentage of the Bank’s participation as a member in syndicated loans are 4.15% and 4% in 2014 and 2013, respectively.

f.

Pinjaman kepada karyawan bukan manajemen Bank ditujukan untuk pendidikan, kepemilikan kendaraan, rumah dan lainnya dengan jangka waktu 10 sampai dengan 120 bulan. Tingkat bunga rata-rata per tahun untuk pinjaman karyawan adalah 5,05% dan 5,02% masing-masing untuk 2014 dan 2013. Pembayaran kembali kredit melalui pemotongan gaji bulanan.

f.

Loans to the Bank’s non management employees are intended for education, acquisition of vehicles, houses and other personal properties, within a period of 10 to 120 months. These loans bear average interest rates per annum of 5.05% and 5.02% in 2014 and 2013, respectively. Loans are collected through monthly salary deductions.

g.

Kredit yang diberikan dijamin dengan agunan yang diikat dengan hak tanggungan atau surat kuasa untuk menjual dan jaminan lain yang umumnya diterima oleh industri perbankan antara lain tanah, bangunan, mesin, jaminan perusahaan, giro dan deposito berjangka.

g.

Loans are secured by collateral which are legalized by deed of encumbrance or power of attorney to sell and other collaterals that are generally accepted in the banking industry, such as lands, buildings, machineries, corporate guarantees, demand deposits and time deposits.

h.

Bank telah melakukan restrukturisasi kredit sebesar Rp 114.315.585.078 dengan cadangan kerugian penurunan nilai sebesar Rp 74.436.967.563 pada tanggal 31 Desember 2014 dan Rp 64.627.140.354 dengan cadangan kerugian penurunan nilai sebesar Rp 2.286.234.285 pada tanggal 31 Desember 2013. Bank melakukan restrukturisasi dengan cara memberikan perpanjangan jangka waktu kredit dan penurunan suku bunga.

h.

The Bank has restructured loans of Rp 114,315,585,078 with allowance for impairment losses of Rp 74,436,967,563 as of December 31, 2014 and Rp 64,627,140,354 with allowance for impairment losses of Rp 2,286,234,285 as of December 31, 2013. Loans are restructured by giving extension of loan terms and reduction of interest rates.

- 46 -


143


i.

i.

Berdasarkan kriteria yang ditetapkan dalam Peraturan Bank Indonesia, kredit berdasarkan klasifikasi kualitas adalah sebagai berikut:

Rupiah Lancar Dalam perhatian khusus Kurang lancar Diragukan Macet Sub jumlah Mata uang asing Lancar Dalam perhatian khusus Diragukan Sub jumlah Jumlah

Rupiah Lancar Dalam perhatian khusus Diragukan Macet Sub jumlah Mata uang asing Lancar Dalam perhatian khusus Sub jumlah Jumlah

j.


Jumlah kredit/ Total loans Rp

2014 Cadangan kerugian penurunan nilai/ Allowance for impairment losses Rp

Jumlah bersih/ Total-Net Rp

Rupiah Current

4.699.437.409.604

4.223.745.243

4.695.213.664.361

277.905.896.881 3.154.909.993 37.663.576.356 259.651.212.149

1.716.203.676 152.072.879 18.627.626.516 145.121.552.267

276.189.693.205 3.002.837.114 19.035.949.840 114.529.659.882

5.277.813.004.983

169.841.200.581

5.107.971.804.402

4.746.430.894.471

4.285.895.139

4.742.144.999.332

Foreign currencies Current

572.920.357.649 1.969.215.000

3.217.153.003 1.969.215.000

569.703.204.646 -

Special mention Doubtful

5.321.320.467.120

9.472.263.142

5.311.848.203.978

10.599.133.472.103

179.313.463.723

10.419.820.008.380


Jumlah kredit/ Total loans Rp

Jumlah bersih/ Total-Net Rp

Special mention Standard Doubtful Loss Sub total

Sub total Total

Rupiah Current

3.744.635.507.916

827.996.431

3.743.807.511.485

248.725.861.044 82.432.353.070 36.662.103.586

969.608.245 38.531.923.393 28.215.697.332

247.756.252.799 43.900.429.677 8.446.406.254

4.112.455.825.616

68.545.225.401

4.043.910.600.215

5.095.279.754.632

1.754.899.106

5.093.524.855.526

Foreign currencies Current

503.657.969.988

4.995.764.104

498.662.205.884

Special mention

5.598.937.724.620

6.750.663.210

5.592.187.061.410

9.711.393.550.236

75.295.888.611

9.636.097.661.625

j.

Rasio Non-performing loan (NPL) pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut:

NPL Gross NPL Neto

Based on the criteria stated in Bank Indonesia Regulations, loans classified according to quality are as follows:

Special mention Doubtful Loss Sub total

Sub total Total

The non-performing loan (NPL) ratio as of December 31, 2014 and 2013 are as follows:

2014

2013

2,85% 1,29%

1,23% 0,54%

- 47 -


Gross NPL Net NPL

144


k.

k.

Pada tanggal 31 Desember 2014 dan 2013, rincian kredit bermasalah menurut sektor ekonomi adalah sebagai berikut: 2014 Cadangan kerugian penurunan nilai/ Allowance for impairment losses Rp

Kredit bermasalah/ Non-performing loans Rp Rupiah Jasa usaha Industri Transportasi dan pergudangan Sub jumlah Mata uang asing Perdagangan grosir Jumlah

l.


37.663.576.356 259.651.212.149

18.627.626.516 145.121.552.267

3.154.909.993

152.072.879

300.469.698.498

163.901.251.662

1.969.215.000

1.969.215.000

302.438.913.498

165.870.466.662

m. Mutasi cadangan kerugian penurunan nilai kredit untuk tahun yang berakhir 31 Desember 2014 dan 2013 adalah sebagai berikut:

Rupiah Rp

Kredit bermasalah/ Non-performing loans Rp


36.662.103.586 82.432.353.070

28.215.697.332 38.531.923.393

-

-

119.094.456.656

66.747.620.725

-

Rupiah Business service Industry Transportation and storage Sub total Foreign currencies Wholesales trading

-

119.094.456.656

l.

Dalam Laporan Batas Maksimum Pemberian Kredit (BMPK) kepada Bank Indonesia pada tanggal 31 Desember 2014 tidak terdapat kredit yang tidak memenuhi ketentuan BMPK.

As of December 31, 2014 and 2013, the details of non-performing loans based on economic sector are as follows:

66.747.620.725

Total

As of December 31, 2014, there are no loans which exceeded the legal lending limit (BMPK) as stated in the legal lending limit report to Bank Indonesia.

m. The changes in the allowance for impairment losses on loans for the years ended December 31, 2014 and 2013 are as follows: 2014 Mata uang asing/ Foreign currencies Rp

Jumlah/ Total Rp

Saldo awal tahun Penyisihan tahun berjalan (Catatan 29) Selisih kurs

68.545.225.403

6.750.663.208

75.295.888.611

101.295.975.178 -

2.834.208.242 (112.608.308)

104.130.183.420 (112.608.308)

Balance at beginning of year Provision during the year (Note 29) Exchange rate differences

Saldo akhir tahun

169.841.200.581

9.472.263.142

179.313.463.723

Balance at end of year

Rupiah Rp Saldo awal tahun Penyisihan (pemulihan) tahun berjalan (Catatan 29) Akrual bunga pada kredit yang mengalami penurunan nilai dan hapus buku Penghapusan Selisih kurs Saldo akhir tahun


Jumlah/ Total Rp

38.378.489.839

61.989.784.337

100.368.274.176

86.306.483.202

(4.635.443.861)

81.671.039.341

2.095.252.362 (58.235.000.000) -

(901.105.671) (53.575.822.024) 3.873.250.427

1.194.146.691 (111.810.822.024) 3.873.250.427

68.545.225.403

6.750.663.208

75.295.888.611

- 48 -


Balance at beginning of year Provision (reversal of provision) during the year (Note 29) Accrued interest on impaired and written of loans Write-off Exchange rate differences Balance at end of year

145



Manajemen berpendapat bahwa cadangan kerugian penurunan nilai kredit tersebut di atas adalah cukup untuk menutup kerugian yang mungkin timbul akibat tidak tertagihnya kredit. n.

n.

Mutasi kredit yang dihapus buku adalah sebagai berikut:

The changes in loans written off are as follows:

2014 Mata uang asing/Foreign currencies Rp

Rupiah Rp

Jumlah/ Total Rp

Saldo awal tahun Hapus tagih Penerimaan kembali Selisih kurs penjabaran

84.840.684.345 -

357.808.438.534 (27.607.568.947) (2.182.683.029) 5.621.024.308

442.649.122.879 (27.607.568.947) (2.182.683.029) 5.621.024.308

Balance at beginning of year Write off Recovery Exchange rate differences

Saldo akhir tahun

84.840.684.345

333.639.210.866

418.479.895.211


2013 Mata uang asing/Foreign currencies Rp

Rupiah Rp

o.

Management believes that the allowance for impairment losses is adequate to cover possible losses from uncollectible loans.

Jumlah/ Total Rp

Saldo awal tahun Penambahan pada tahun berjalan Selisih kurs penjabaran

26.605.684.345

287.027.677.069

313.633.361.414

58.235.000.000 -

70.780.761.465

58.235.000.000 70.780.761.465

Saldo akhir tahun

84.840.684.345

357.808.438.534

442.649.122.879

o.

Nilai tercatat pada biaya perolehan diamortisasi dari kredit yang diberikan adalah sebagai berikut: 2014 Rp

9.711.393.550.236

6.491.610.545

7.148.583.162

Jumlah

10.426.311.618.925

(179.313.463.723)

11. TAGIHAN DAN LIABILITAS AKSEPTASI

Jumlah


2013 Rp

10.599.133.472.103

Sub jumlah

Additions during the year Exchange rate differences

Carrying amount at amortized cost of the loans are as follow:

Kredit yang diberikan Pendapatan bunga yang masih harus diterima (Catatan 15) Cadangan kerugian penurunan nilai

Tagihan Akseptasi Pihak ketiga Rupiah Debitur Mata uang asing Debitur Bank

Balance at beginning of year

(75.295.888.611) 9.643.246.244.787

Loans Accrued interest receivable (Note 15) Allowance for impairment losses Total

11. ACCEPTANCES RECEIVABLE AND PAYABLE 2014 Rp

2013 Rp

8.803.069.443

-

157.873.025.863 26.154.974.918

161.661.327.696 28.194.354.493

184.028.000.781

189.855.682.189

192.831.070.224

189.855.682.189

- 49 -


Acceptances Receivable Third parties Rupiah Debtors Foreign currencies Debtors Banks Sub total Total

146



2014 Rp

2013 Rp

Liabilitas Akseptasi Pihak ketiga Rupiah Bank Mata uang asing Bank Debitur

157.873.025.863 26.154.974.918

161.661.327.696 28.194.354.493

Sub jumlah

184.028.000.781

189.855.682.189

192.831.070.224

189.855.682.189

Jumlah

8.803.069.443

-

Acceptances Payable Third parties Rupiah Banks Foreign currencies Banks Debtors Sub total Total

Seluruh tagihan akseptasi pada tanggal 31 Desember 2014 dan 2013 tidak mengalami penurunan nilai.

Acceptances receivable are not impaired as of December 31, 2014 and 2013.

Manajemen berpendapat bahwa cadangan kerugian penurunan nilai atas tagihan akseptasi tersebut tidak perlu dibentuk karena tagihan tersebut dinilai akan dapat dicairkan pada saat jatuh tempo.

Management believes that no allowance for impairment losses is to be provided since acceptances receivable are assessed to be collectible upon maturity.

Tagihan akseptasi berdasarkan jangka waktu kontrak adalah sebagai berikut:

Acceptances receivable classified according to maturity dates based on contract are as follows:

2014 Rp

2013 Rp

Rupiah > 1 - 3 bulan

8.803.069.443

Mata uang asing 1 bulan > 1 - 3 bulan > 3 - 6 bulan > 6 - 12 bulan

47.580.942.909 98.061.367.808 28.654.399.244 9.731.290.820

7.630.006.150 82.766.757.169 88.228.511.270 11.230.407.600

Sub jumlah

184.028.000.781

189.855.682.189

192.831.070.224

189.855.682.189

Jumlah

Liabilitas akseptasi berdasarkan jangka waktu kontrak adalah sebagai berikut:

-

Foreign currencies 1 month > 1 - 3 months > 3 - 6 months > 6 - 12 months Sub total Total

Acceptance payable classified according to maturity dates based on contract are as follows:

2014 Rp

2013 Rp

Rupiah > 1 - 3 bulan

8.803.069.443

Mata uang asing 1 bulan > 1 - 3 bulan > 3 - 6 bulan > 6 - 12 bulan

47.580.942.909 98.061.367.808 28.654.399.244 9.731.290.820

7.630.006.150 82.766.757.169 88.228.511.270 11.230.407.600

Sub jumlah

184.028.000.781

189.855.682.189

192.831.070.224

189.855.682.189

Jumlah

Rupiah > 1 - 3 months

-

- 50 -


Rupiah > 1 - 3 months Foreign currencies 1 month > 1 - 3 months > 3 - 6 months > 6 - 12 months Sub total Total

147



12. PIUTANG SEWA PEMBIAYAAN

12. FINANCE LEASE RECEIVABLES 2014 Rp

2013 Rp

143.426.308.297 30.467.001.987

143.823.362.447 39.800.844.643

(24.847.239.105) (30.467.001.987)

(19.387.391.213) (39.800.844.643)

118.579.069.192

124.435.971.234

Subtotal

210.714.745.737 57.264.168.094

223.402.611.453 52.935.998.895

Foreign currency Finance lease receivables Residual value

(16.957.337.751) (57.264.168.094)

(18.225.047.490) (52.935.998.895)

Unearned lease income Security deposits

193.757.407.986

205.177.563.963


312.336.477.178 (280.809.467)

329.613.535.197 (118.429.818)

Total Allowance for impairment losses

Piutang sewa pembiayaan - Bersih

312.055.667.711

329.495.105.379

Finance lease receivables - Net

Pihak ketiga Rupiah Piutang sewa pembiayaan Nilai sisa Pendapatan sewa pembiayaan yang belum diakui Simpanan jaminan Subjumlah Mata uang asing Piutang sewa pembiayaan Nilai sisa Pendapatan sewa pembiayaan yang belum diakui Simpanan jaminan Subjumlah

Tingkat bunga efektif rata-rata per tahun Rupiah Mata uang asing

13,57% 5,73%

Jumlah piutang sewa pembiayaan berdasarkan jenis produk adalah sebagai berikut:

12,88% 5,58%

Third parties Rupiah Finance lease receivables Residual value Unearned lease income Security deposits

Subtotal

Average annual effective interest rates Rupiah Foreign currency

Total finance lease receivables based on product are as follow:

2014 Rp

2013 Rp

Mesin Alat berat Kendaraan bermotor Lain-lain

260.241.342.167 31.047.284.427 21.763.618.559 41.088.808.881

262.899.720.258 34.157.945.250 35.061.685.463 35.106.622.929

Machine Heavy equipment Vehicle Others

Jumlah

354.141.054.034

367.225.973.900

Total

Jumlah angsuran sewa pembiayaan berdasarkan jatuh temponya adalah sebagai berikut:

Angsuran sew a pembiayaan Sampai dengan satu tahun Lebih dari satu tahun sampai lima tahun Subjumlah Pendapatan sew a pembiayaan belum diakui Sampai dengan satu tahun Lebih dari satu tahun sampai lima tahun Subjumlah Jumlah

Total finance lease installments (gross of allowance for impairment losses) based on maturity date are as follow:

Pembayaran minimum sew a pembiayaan/ Minimum lease payments 2014 2013 Rp Rp

Nilai kini dari pembayaran minimum sew a pembiayaan/Present value of minimum lease payments 2014 2013 Rp Rp

27.007.864.077 327.133.189.957

29.733.554.712 337.492.419.188

26.170.665.065 286.165.812.113

28.629.874.984 300.983.660.213

354.141.054.034

367.225.973.900

312.336.477.178

329.613.535.197

837.199.012 40.967.377.844

1.103.679.728 36.508.758.975

-

-

41.804.576.856

37.612.438.703

-

-

312.336.477.178

329.613.535.197

312.336.477.178

- 51 -


329.613.535.197

Lease Installments Within one year More than one year up to five years Subtotal Unearned lease income Within one year More than one year up to five years Subtotal Total

148



Tenor pembiayaan berkisar antara 2-5 tahun.

The period of financing ranges from 2-5 years.

Biaya-biaya yang timbul, seperti premi asuransi, bea materai dan biaya terkait lainnya sehubungan dengan perolehan aset sewa pembiayaan dibebankan kepada konsumen.

Additional costs arising from insurance premium, stamp duty and others related to leased assets are charged to consumers.

Kualitas piutang sewa pembiayaan pada tanggal 31 Desember 2014 dan 2013 adalah tidak mengalami penurunan nilai secara individual.

The quality of finance lease receivables as of December 31, 2014 and 2013 are not individually impaired.

Mutasi cadangan kerugian penurunan nilai untuk tahun yang berakhir 31 Desember 2014 dan 2013 adalah sebagai berikut:

The changes in the allowance for impairment losses for the year ended December 31, 2014 and 2013 are as follows:

2014 Rp

2013 Rp

Saldo awal tahun Penyisihan (pemulihan) tahun berjalan Kolektif (Catatan 29) Selisih kurs penjabaran

118.429.818

134.045.350

159.821.266 2.558.383

(31.153.843) 15.538.311

Beginning balance Provision (reversal of provision) during the year Collective (Note 29) Exchange rate differences

Saldo akhir tahun

280.809.467

118.429.818

Balance at end or year

Manajemen berpendapat bahwa cadangan kerugian penurunan nilai telah memadai untuk menutup kemungkinan kerugian atas tidak tertagihnya piutang sewa pembiayaan.

The management believes that the amount of allowance for impairment losses is adequate to cover the possible losses that might arise from uncollectible finance lease receivables.

Simpanan Jaminan

Security Deposits

Pada saat perjanjian sewa pembiayaan dimulai, lessee memberikan simpanan jaminan yang akan digunakan sebagai pembayaran atas pembelian dari aset sewa pembiayaan pada akhir masa sewa, bila hak opsi dilaksanakan lessee. Apabila hak opsi tidak dilaksanakan, simpanan jaminan tersebut akan dikembalikan kepada lessee pada akhir masa sewa pembiayaan.

At the inception of the finance lease contracts, the lessees provide security deposits which will be used as payment of purchased leased assets at the end of the lease period, if the right option is exercised. If the right option is not exercised, such security deposits will be returned at the end of the lease period.

13. BIAYA DIBAYAR DIMUKA

13. PREPAID EXPENSES

2014 Rp

2013 Rp

Manfaat diterima dari penjualan aset tidak lancar tersedia untuk dijual Sewa Lainnya

30.462.916.341 8.304.756.467 8.916.797.505

61.020.881.428 7.362.588.072 3.550.931.150

Benefit received from sale of non-current assets held for sale Rent Others

Jumlah

47.684.470.313

71.934.400.650

Total

- 52 -


149



Manfaat diterima dari penjualan aset tidak lancar tersedia untuk dijual

Benefit received from sale of noncurrent assets held for sale

Berdasarkan Keputusan Direksi No. 065/KEP/DIR/XII/2012 tanggal 20 Desember 2012 tentang penjualan tanah dan bangunan kantor pusat, direksi Bank memutuskan untuk menjual aset tanah dan bangunan yang terletak di Jl. Jenderal Sudirman Kav. 40-41. Pada tanggal 21 Desember 2012 Bank melakukan perjanjian dengan PT Consulting Services Indonesia (CSI) serta PT Cushman & Wakefield Indonesia berupa (Master) Heads of agreement on sale and leaseback or buyback for Gedung Bank Resona Perdania to be developed into a new office building approx 55.000 SQM gross area. Perjanjian ini telah di legalisasi oleh Hadijah, S.H., Mkn, notaris di Jakarta di bawah No. 564/Leg/2012 tanggal 21 Desember 2012 sebagaimana diubah dengan Addendum To (Master) Heads of Agreement on Sales & Leaseback or Buyback for Gedung Resona Perdania To Be Developed Into A New Office Building Approx 55.000 SQM Semi Gross Area Between PT Bank Resona Perdania And PT Consulting Services Indonesia tanggal 29 Agustus 2013 dan didaftar oleh Notaris Hadijah, SH, MKn, di Kota Jakarta Pusat tanggal 29 Agustus 2013 No. 1814/W/2013. Berdasarkan keputusan Direksi dan perjanjian dengan CSI, Bank mencatat aset tanah dan bangunan dengan nilai tercatat Rp 123.998.675.000 sebagai aset tidak lancar tersedia untuk dijual. Pada akhir tahun 2012 Bank telah menerima deposit dari pembeli sebesar Rp 148.425.200.000 dan dicatat dalam liabilitas lain-lain.

Based on the Board of Directors No. 065/KEP/DIR-XII/2012 dated December 20, 2012 regarding the Board’s resolution to sell the land and building of head office, the Board of Directors decided to sell the land and building located at Jl. Jenderal Sudirman Kav. 40-41. On December 21, 2012 the Bank entered into an agreement with PT Consulting Services Indonesia (CSI) and PT Cushman & Wakefield Indonesia, referred to as (Master) Heads of agreement to sale and leaseback or buyback Resona Perdania Bank Building to be developed into a new office building with approximately 55,000 SQM gross area. This agreement has been legalized by Hadijah, S.H., Mkn, notary in Jakarta under No. 564/Leg/2012 dated December 21, 2012 as amended by Addendum To (Master) Heads of Agreement on Sales & Leaseback or Buyback for Gedung Resona Perdania To Be Developed Into A New Office Building Approx 55.000 SQM Semi Gross Area Between PT Bank Resona Perdania And PT Consulting Services Indonesia dated August 29, 2013 and registered by Notaris Hadijah, SH, MKn, in the City of Central Jakarta dated August 29, 2013 No. 1814/W/2013. Based on the Board of Directors resolution and agreement with CSI, the Bank recorded land and building with carrying value of Rp 123,998,675,000 as non-current assets held for sale. At the end of 2012, the Bank received the deposit from the buyer amounting to Rp 148,425,200,000 which was recorded as other liabilities.

Atas perjanjian tersebut, Grup masih dapat menempati bangunan tersebut sampai dengan 12 bulan setelah menerima pemberitahuan dari pembeli untuk mengosongkan properti. Pada tanggal 13 Januari 2014, Bank telah pindah ke lokasi baru di Lt. 5&6, Suite 501 dan 601, Jl. Jenderal Gatot Subroto Kav. 9-11, Karet Semanggi Setiabudi, Jakarta 12930 Indonesia.

Based on the agrement, the Group can still occupy the building up to 12 months after the receipt of notice to vacate the property from the buyer. On January 13, 2014, the Bank relocated to the new premises at Menara Mulia 5&6 Floor, Suite 501 and 601, Jl. Jenderal Gatot Subroto Kav. 9-11, Karet Semanggi Setiabudi, Jakarta 12930 Indonesia.

Pada tanggal 31 Januari 2013 berdasarkan perjanjian pengalihan dan penyerahan hak dan kewajiban yang telah dilegalisasi oleh Hadijah, S.H., Mkn, notaris di Jakarta di bawah No. 579/Leg/2013, terjadi pengalihan hak dan kewajiban atas (Master) Heads of Agreement on sale and leaseback or buyback for Gedung Resona Perdania antara Bank dan PT CSI menjadi antara Bank dan PT Mitra Panca Persada (MPP).

On January 31, 2013, based on the agreement to transfer and deliver the rights and obligations as notarized by Hadijah, S.H., Mkn, notary public in Jakarta under No. 579/Leg/2013, the (Master) Heads of Agreement on sale and leaseback or buyback for Resona Perdania Building between the Bank and PT CSI was transferred between the Bank and PT Mitra Panca Persada (MPP).

Berdasarkan akta-akta jual beli No. 11/2013, No. 12/2013, dan No.13/2013 semua tanggal 31 Januari 2013, dari Pejabat Pembuat Akta Tanah Hadijah, S.H., Mkn, Bank telah mengalihkan kepemilikan tanah dan bangunan yang terletak di Jl. Jenderal Sudirman Kav. 40-41 kepada MPP. Bank telah menerima pelunasan pembayaran dari MPP pada tanggal 31 Januari 2013.

Based on deed of sale & purchase No. 11/2013, No.12/2013, and No. 13/2013, all dated January 31, 2013 from a land deed official Hadijah, S.H., Mkn, the Bank has transferred the ownership of land and buildings located on Jl. Jenderal Sudirman Kav. 40-41 to MPP. The Bank has received the settlement from MPP on January 31, 2013.

- 53 -


150



Keuntungan penjualan aset tidak lancar tersedia untuk dijual adalah sebagai berikut:

The gain on the sale of non-current assets held for sale is as follows: 2013 Rp

Jumlah tercatat aset tidak lancar tersedia untuk dijual Harga jual

123.998.675.000 390.688.300.254

Carrying amount of the non-current assets held for sale Selling price

Keuntungan penghapusan aset tetap tidak lancar tersedia untuk dijual

266.689.625.254

Gain on disposal of non-current assets held for sale

Harga jual yang diterima Bank setelah pajak terdiri atas penerimaan kas sebesar Rp 332.718.462.898 dan penerimaan manfaat sebesar Rp 57.969.837.356.

The selling price received after taxes by the Bank consist of cash received amounting to Rp 332,718,462,898 and benefit received amounting to Rp 57,969,837,356.

Rincian saldo manfaat yang diterima Bank sebelum pajak pada tahun 2014 dan 2013 adalah sebagai berikut:

Details of the outstanding balance of benefit received by the Bank before taxes in 2014 and 2013 are as follows:

2014 Rp

2013 Rp

Sewa gedung Biaya parkir Biaya relokasi Biaya renovasi

28.206.676.641 2.256.239.700 -

37.608.902.188 3.008.319.600 291.947.240 20.111.712.400

Building rent Parking cost Relocation cost Renovation cost

Jumlah

30.462.916.341

61.020.881.428

Total

Manfaat yang diterima Bank dalam bentuk sewa gedung, biaya parkir dan biaya renovasi akan diamortisasi sepanjang masa sewa Bank di gedung baru. Manfaat dalam bentuk biaya relokasi ketika telah akan langsung dibebankan memperoleh penggantian dari pihak pembeli. Pada tahun 2014, Bank melakukan reklasifikasi biaya renovasi ke akun leasehold improvement (Catatan 14).

The benefits received by the Bank are in the form of building rent, parking cost, and renovation cost which will be amortized over the Bank’s rent period at the new premises. Benefits in the form of relocation cost will be directly charged to expense when the Bank received compensation from buyer. In 2014, the Bank made reclassification of renovation cost to leasehold improvement (Note 14).

14. ASET TETAP

14. PREMISES AND EQUIPMENT 1 Januari/ January 1, 2014 Rp

Biay a perolehan: Tanah Bangunan dan renov asi gedung Leasehold improvement Kendaraan Mesin-mesin dan inv entaris kantor Subjumlah Aset dalam peny elesaian Jumlah Akumulasi peny usutan: Bangunan dan renov asi gedung Leasehold improvement Kendaraan Mesin-mesin dan inv entaris kantor Jumlah Jumlah Tercatat

736.560.000 634.844.825 1.882.850.000

31 Desember/ December 31, 2014 Rp

Penambahan/ Additions Rp

Pengurangan/ Deductions Rp

Reklasif ikasi/ Reclassifications Rp

-

-

-

736.560.000

-

634.844.825 27.457.716.221 682.850.000

27.457.716.221 -

1.200.000.000

37.147.622.783

4.792.852.756

17.354.196.155

7.320.848.501

31.907.127.885

40.401.877.608

32.250.568.977

18.554.196.155

7.320.848.501

61.419.098.931

7.693.706.503

3.408.418.040

(7.320.848.501)

3.781.276.042

48.095.584.111

35.658.987.017

465.831.033 1.622.285.596

30.837.187 11.996.791.959 94.320.570

18.554.196.155

1.036.574.936

-

-

65.200.374.973

496.668.220 11.996.791.959 680.031.230

32.721.233.019

5.485.934.968

15.795.547.345

-

22.411.620.642

34.809.349.648

17.607.884.684

16.832.122.281

-

35.585.112.051

13.286.234.463

29.615.262.922

- 54 -


Cost: Land Buildings and building improv ements Leasehold improv ement Vehicles Machineries and of f ice equipment Subtotal Construction in progress Total Accumulated depreciation: Buildings and building improv ements Leasehold improv ement Vehicles Machineries and of f ice equipment Total Carry ing Amount

151

P.T. BANK RESONA PERDANIA DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN UNTUK TAHUN YANG BERAKHIR PADA TANGGAL 31 DESEMBER 2014 (Lanjutan) 1 Januari/ January 1, 2013 Rp Biay a perolehan: Tanah Bangunan dan renov asi gedung Kendaraan Mesin-mesin dan inv entaris kantor Subjumlah Aset dalam peny elesaian Jumlah Akumulasi peny usutan: Bangunan dan renov asi gedung Kendaraan Mesin-mesin dan inv entaris kantor Jumlah Jumlah Tercatat

736.560.000

P.T. BANK RESONA PERDANIA AND ITS SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 (Continued) 31 Desember/ December 31, 2013 Rp

Penambahan/ Additions Rp

Pengurangan/ Deductions Rp

Reklasif ikasi/ Reclassifications Rp

-

-

-

736.560.000

-

634.844.825 1.882.850.000

912.916.219 1.882.850.000

108.932.685 -

387.004.079 -

36.170.137.493

1.222.266.430

276.620.457

31.839.317

37.147.622.783

39.702.463.712

1.331.199.115

663.624.536

31.839.317

40.401.877.608

404.697.318

7.320.848.502

(31.839.317)

7.693.706.503

40.107.161.030

8.652.047.617

663.624.536

-

48.095.584.111

581.679.559 1.457.472.461

60.366.167 164.813.135

176.214.693 -

-

465.831.033 1.622.285.596

29.369.702.811

3.619.582.288

268.052.080

-

32.721.233.019

31.408.854.831

3.844.761.590

444.266.773

-

8.698.306.199

Kerugian atas penghapusan dan penjualan aset tetap untuk tahun-tahun yang berakhir 31 Desember 2014 dan 2013 adalah sebagai berikut:

Kerugian penghapusan dan penjualan aset tetap

Subtotal Construction in progress Total Accumulated depreciation: Buildings and building improv ements Vehicles Machineries and of f ice equipment Total Carry ing Amount

Loss on disposal and sale of premises and equipments for the year ended December 31, 2014 and 2013 are as follows:

2014 Rp Jumlah tercatat aset tetap Harga jual

34.809.349.648 13.286.234.463

Cost: Land Buildings and building improv ements Vehicles Machineries and of f ice equipment

2013 Rp

1.722.073.874 332.290.921

219.357.763 16.602.153

(1.389.782.953)

(202.755.610)

Carrying amount of premises and equipments Selling price Loss on disposal and sale of premises and equipments

Pada tahun 2013 aset tidak lancar tersedia untuk dijual telah dijual serta pelunasan dan manfaat yang diterima Bank telah dicatat pada tanggal 31 Januari 2013 (Catatan 13).

In 2013, the non-current assets held for sale were sold and the payment and benefit received by the Bank were already recorded on January 31, 2013 (Note 13).

Bank memiliki beberapa bidang tanah dengan hak legal berupa Hak Guna Bangunan yang berjangka waktu 20 (dua puluh) tahun yang masa berlakunya sampai dengan 16 Agustus 2024 dan 1 Juli 2032. Manajemen berpendapat tidak terdapat masalah dengan perpanjangan hak atas tanah, karena seluruh tanah diperoleh secara sah dan didukung dengan bukti pemilikan yang memadai.

The Bank owns several pieces of land with Building Use Rights (HGB) for 20 (twenty) years expiring on August 16, 2024 and July 1, 2032. Management believes that there will be no difficulty in the extension of the landrights, since all the land were acquired legally and supported by sufficient evidence of ownership.

Manajemen berpendapat bahwa nilai tercatat aset tetap lebih rendah daripada nilai yang dapat dipulihkan, oleh karena itu tidak dibentuk penurunan nilai aset.

Management believes that the net carrying amount of premises and equipment is lower than the recoverable amount, as such there was no impairment in value of premises and equipment.

- 55 -


152



Aset tetap kecuali tanah telah diasuransikan kepada PT Asuransi Mitsui Sumitomo, PT Asuransi Tokio Marine Indonesia, PT Sompo Japan Insurance Indonesia dan PT Asuransi MSIG Indonesia dengan jumlah pertanggungan masing-masing sebesar Rp 4.746.596.114 pada tanggal 31 Desember 2014 dan kepada PT Asuransi Mitsui Sumitomo, PT Asuransi Sompo Japan Nipponkoa dan PT Asuransi MSIG Indonesia sebesar Rp 6.662.098.289 dan USD 28.000.000 pada tanggal 31 Desember 2013.

Premises and equipments, except for land, are insured with PT Asuransi Mitsui Sumitomo, PT Asuransi Tokio Marine Indonesia, PT Sompo Japan Insurance and PT Asuransi MSIG Indonesia amounting to Rp 4,746,596,114 as of December 31, 2014 and with PT Asuransi Mitsui Sumitomo, PT Asuransi Sompo Japan Nipponkoa and PT Asuransi MSIG Indonesia amounting to Rp 6,662,098,289 and USD 28,000,000 as of December 31, 2013.

Manajemen berpendapat bahwa nilai pertanggungan asuransi cukup untuk menutupi kemungkinan kerugian atas aset yang dipertanggungkan.

The management believes that the insurance coverage is adequate to cover possible asset losses on the assets insured.

15. ASET LAIN-LAIN

15. OTHER ASSETS 2014 Rp

Pendapatan bunga yang masih harus diterima Penyertaan keanggotaan dan jaminan Beban perangkat lunak ditangguhkan - bersih Tagihan yang masih akan diterima Lain-lain - bersih Jumlah Aset Lain-lain

2013 Rp

9.596.182.182

7.623.388.206

Accrued interest receivable

8.219.612.499

6.978.892.111

Membership and deposits

6.434.879.244 3.274.711.658 143.975.872

4.384.967.249 26.607.266.781 2.407.785.061

Deferred software license cost - net Claim to be received Others - net

27.669.361.455

48.002.299.408

Total Other Assets

Tagihan yang masih akan diterima

Claim to be received

Merupakan tagihan Bank kepada pihak ketiga atas sebagian manfaat yang diterima Bank dari transaksi penjualan aset tidak lancar tersedia untuk dijual (Catatan 13).

Bank’s claim to third parties is part of the benefit received by the bank from the sale of non-current asset held for sale (Note 13).

16. LIABILITAS SEGERA

16. LIABILITIES PAYABLE IMMEDIATELY 2014 Rp

2013 Rp

Kiriman uang Lainnya

124.118.016 1.319.808.940

500.613.409 2.466.716.677

Fund transfers Others

Jumlah

1.443.926.956

2.967.330.086

Total

- 56 -


153



17. SIMPANAN

17. DEPOSITS

Simpanan terdiri dari:

Deposits consist of: 2014 Pihak ketiga/ Third parties Rp

Pihak berelasi/ Related parties Rp

Jumlah/Total Rp

Giro Tabungan Deposito berjangka

450.421.824 -

3.457.639.692.654 1.552.264.561 2.993.498.341.272

3.457.639.692.654 2.002.686.385 2.993.498.341.272

Demand deposits Savings deposits Time deposits

Jumlah

450.421.824

6.452.690.298.487

6.453.140.720.311

Total

2013 Pihak ketiga/ Third parties Rp

Pihak berelasi/ Related parties Rp

Jumlah/Total Rp

Giro Tabungan Deposito berjangka

216.924.292 -

3.470.219.616.995 1.367.473.051 3.308.619.616.560

3.470.219.616.995 1.584.397.343 3.308.619.616.560

Demand deposits Savings deposits Time deposits

Jumlah

216.924.292

6.780.206.706.606

6.780.423.630.898

Total

a.

Giro terdiri dari:

a. 2014 Rp

2013 Rp

Pihak ketiga Rupiah Mata uang asing

884.677.282.222 2.572.962.410.432

922.618.410.302 2.547.601.206.693

Third parties Rupiah Foreign currencies

Jumlah Giro

3.457.639.692.654

3.470.219.616.995

Total Demand Deposits

0,67% 0,03%

Average annual effective interest rates Rupiah Foreign currency

Tingkat bunga efektif rata-rata per tahun Rupiah Mata uang asing

0,64% 0,04%

Pada tanggal 31 Desember 2014 dan 2013 tidak terdapat giro yang dijadikan jaminan kredit. b.

Demand deposits consist of:

As of December 31, 2014 and 2013 there is no demand deposit pledged as loan collateral.

Tabungan

b.

Seluruh tabungan dalam mata uang Rupiah. Tingkat bunga efektif rata-rata per tahun masing-masing sebesar 6,04% dan 5,60% untuk tahun 2014 dan 2013.

Savings deposits All savings deposits are denominated in Rupiah. Average annual effective interest rate are 6.04% and 5.60%, respectively, for 2014 and 2013.

- 57 -


154


c.


Deposito berjangka terdiri dari:

c.

Time deposits consist of:

2014 Rp

2013 Rp

Pihak ketiga Rupiah Mata uang asing

1.826.552.210.553 1.166.946.130.719

1.806.574.450.430 1.502.045.166.130

Third parties Rupiah Foreign currencies

Jumlah

2.993.498.341.272

3.308.619.616.560

Total

Tingkat bunga efektif rata-rata per tahun Deposito berjangka Rupiah Mata uang asing

7,34% 0,35%

5,67% 0,31%

Average annual effective interest rates Time deposit Rupiah Foreign currency

Deposito on call Rupiah Mata uang asing

7,28% 0,10%

5,54% 0,12%

Deposit on call Rupiah Foreign currency

Deposito berjangka berdasarkan waktu adalah sebagai berikut:

jangka

Rupiah Rp

Time deposits classified according to term are as follows: 2014 Mata uang asing/ Foreign currencies Rp

Jumlah/Total Rp

1 bulan > 1 - 3 bulan > 3 - 6 bulan > 6 - 12 bulan

1.288.893.435.721 417.938.363.419 100.300.000.000 19.420.411.413

828.367.069.712 288.043.550.824 50.068.806.476 466.703.707

2.117.260.505.433 705.981.914.243 150.368.806.476 19.887.115.120

1 month > 1 - 3 months > 3 - 6 months > 6 - 12 months

Jumlah

1.826.552.210.553

1.166.946.130.719

2.993.498.341.272

Total

Rupiah Rp


Jumlah/Total Rp

1 bulan > 1 - 3 bulan > 3 - 6 bulan > 6 - 12 bulan Jumlah

819.192.823.088 869.189.615.494 43.538.891.008 74.653.120.840

398.794.180.904 906.500.863.872 131.904.107.414 64.846.013.940

1.217.987.003.992 1.775.690.479.366 175.442.998.422 139.499.134.780

1 month > 1 - 3 months > 3 - 6 months > 6 - 12 months

1.806.574.450.430

1.502.045.166.130

3.308.619.616.560

Total

Deposito berjangka yang dijadikan jaminan kredit masing-masing sebesar Rp 71.322.522.887, USD 3.063.587 dan JPY 10.000.000 pada tanggal 31 Desember 2014 dan Rp 239.365.715.716 dan USD 10.299.684 pada tanggal 31 Desember 2013.

Time deposits used as collateral for loans granted amounted to Rp 71,322,522,887, USD 3,063,587 and JPY 10,000,000 as of December 31, 2014 and Rp 239,365,715,716 and USD 10,299,684 as of December 31, 2013.

- 58 -


155



Nilai tercatat pada biaya perolehan diamortisasi dari simpanan adalah sebagai berikut:

Carrying amount at amortized cost of the deposits are as follow:

2014 Rp Simpanan Giro Tabungan Deposito berjangka Subjumlah Beban bunga masih harus dibayar (Catatan 22) Giro Tabungan Deposito berjangka Subjumlah Jumlah

2013 Rp

3.457.639.692.654 2.002.686.385 2.993.498.341.272

3.470.219.616.995 1.584.397.343 3.308.619.616.560

6.453.140.720.311

6.780.423.630.898

7.196 341.442 4.580.657.045

17.057 360.735 6.736.655.302

4.581.005.683

6.737.033.094

6.457.721.725.994

6.787.160.663.992

18. SIMPANAN DARI BANK LAIN

Subtotal Accrued interest expense (Note 22) Demand deposits Saving deposits Time deposits Subtotal Total

18. DEPOSITS FROM OTHER BANKS

Simpanan dari bank lain terdiri dari:

Deposits from other banks consist of: 2014 Rp

Rupiah Giro Pihak berelasi Pihak ketiga Sub jumlah

Deposits Demand deposits Saving deposits Time deposits

2013 Rp

2.729.246.040 511.266.219 3.240.512.259

1.320.269.585 1.320.269.585

Rupiah Demand deposits Related parties Third parties Sub total

Mata uang asing Pihak ketiga Call money

284.855.000.000

365.100.000.000

Foreign currencies Third parties Call money

Jumlah

288.095.512.259

366.420.269.585

Total

Jangka waktu Call money Tingkat bunga efektif rata-rata per tahun Giro Call money

31 - 33 hari/days

31 - 94 hari/days

0,08% 0,33%

0,67%

Nilai tercatat pada biaya perolehan diamortisasi dari simpanan dari bank lain adalah sebagai berikut:

Term Call money Average annual effective interest rates Demand deposits Call money

Carrying amount at amortized cost of the deposits from other banks are as follow:

2014 Rp

2013 Rp

Simpanan dari bank lain Beban bunga masih harus dibayar (Catatan 22)

288.095.512.259

366.420.269.585

49.842.813

106.741.001

Jumlah

288.145.355.072

366.527.010.586

- 59 -


Deposit from other banks Accrued interest expense (Note 22) Total

156



19. SURAT BERHARGA YANG DITERBITKAN

19. SECURITIES ISSUED 2014 Rp

2013 Rp

Hasil emisi Medium Term Note IV (MTN IV) Medium Term Note V (MTN V)

300.000.000.000 150.000.000.000

300.000.000.000 150.000.000.000

Proceeds Medium Term Note IV (MTN IV) Medium Term Note V (MTN V)

Jumlah Biaya emisi yang belum diamortisasi

450.000.000.000 (1.038.851.996)

450.000.000.000 Total (1.846.550.468) Unamortized issuance cost

Bersih

448.961.148.004

448.153.449.532

Net

Pada tanggal 25 Juli 2012, Bank telah menerbitkan dan menawarkan secara terbatas surat berharga dalam bentuk MTN IV sebesar Rp 300 miliar dengan jangka waktu 3 tahun yang akan jatuh tempo pada tanggal 25 Juli 2015 dengan tingkat suku bunga tetap sebesar 8,75% per tahun yang akan dibayarkan setiap 6 bulan. Dan pokok akan dibayarkan ketika MTN jatuh tempo.

On July 25, 2012, the Bank issued MTN IV amounting to Rp 300 billion with a term of 3 years maturing on July 25, 2015 with fixed interest rate of 8.75% per annum, payable semi-annually. Principal will be paid when the MTN is matured.

Pada tanggal 12 November 2013, Bank telah menerbitkan dan menawarkan secara terbatas surat berharga dalam bentuk MTN V sebesar Rp 150 miliar dengan jangka waktu 3 tahun yang akan jatuh tempo pada tanggal 12 November 2016 dengan tingkat bunga tetap sebesar 10,65% per tahun yang akan dibayarkan setiap 6 bulan dimulai pada 12 Mei 2014. Pokok akan dibayarkan pada saat MTN jatuh tempo.

On November 12, 2013, the Bank issued MTN V amounting to Rp 150 billion with a term of 3 years maturing on November 12, 2016 with fixed interest rate of 10.65% per annum, payable semi-annually starting on May 12, 2014. Principal will be paid when the MTN is matured.

Penerbitan MTN IV dan V tersebut telah didaftarkan di PT. Kustodian Sentral Efek Indonesia (KSEI) yang bertindak juga sebagai agen pembayaran bunga dan pokok.

MTN IV and V are registered with PT. Kustodian Sentral Efek Indonesia (KSEI) which also acts as the payment agency for interest and principal payments.

Berdasarkan perjanjian dengan agen pembayaran, Bank wajib menyediakan dana pada rekening yang disetujui oleh agen pembayaran selambat-lambatnya satu (1) hari bursa sebelum tanggal pembayaran bunga dan atau pelunasan pokok.

Based on the agreement with the payment agency, the Bank is obliged to maintain funds in a bank account previously approved by the payment agent not later than one (1) trading day prior to the interest or principal payment date.

Bank telah memenuhi semua pembatasan yang diwajibkan serta pembayaran bunga MTN melalui KSEI sesuai jadwal.

The Bank has complied with all covenants, paid the interest of the MTN through KSEI as scheduled.

Amortisasi biaya penerbitan surat berharga sebesar Rp 807.698.472 dan Rp 1.914.786.802 masing-masing pada tanggal 31 Desember 2014 dan 2013, termasuk dalam beban bunga.

The amortization of issuance cost amounting to Rp 807,698,472 and Rp 1,914,786,802 as of December 31, 2014 and 2013, respectively, were included in interest expense.

- 60 -


157



Nilai tercatat pada biaya perolehan diamortisasi dari surat berharga yang diterbitkan adalah sebagai berikut:

Carrying amount at amortized cost of the securities issued are as follow:

2014 Rp

2013 Rp

Surat berharga yang diterbitkan Beban bunga masih harus dibayar (Catatan 22)

448.961.148.004

448.153.449.532

13.549.375.000

13.549.375.000

Jumlah

462.510.523.004

461.702.824.532

20. UTANG PAJAK

This account consists of: 2014 Rp

Sub jumlah Entitas anak Pajak penghasilan badan (Catatan 32) Pajak penghasilan Pasal 21 Pasal 23 Sub jumlah Jumlah

Total

20. TAXES PAYABLE

Akun ini terdiri dari:

Bank Pajak penghasilan badan (Catatan 32) Pajak penghasilan Pasal 4 (2) - final Pasal 21 Pasal 26 Pajak pertambahan nilai - bersih

Securities issued Accrued interest expense (Note 22)

2013 Rp

234.815.480

16.257.873.050

4.636.282.550 765.706.622 123.428.530 830.642

5.323.571.123 2.004.315.853 405.206.498 699.551

5.761.063.824

23.991.666.075

343.108.657 26.013.834 2.156.120 371.278.611 6.132.342.435

The Bank Corporate income tax (Note 32) Income taxes Article 4 (2) - final Article 21 Article 26 Value added tax - net Sub total

Subsidiary Corporate income tax 376.818.694 (Note 32) Income taxes 102.061.562 Article 21 2.375.669 Article 23 481.255.925

Sub total

24.472.922.000 Total

- 61 -


158



21. PINJAMAN YANG DITERIMA

Pihak berelasi Bank Dollar Amerika Serikat Resona Bank, Ltd., Tokyo The Bank of East Asia, Ltd., Hongkong Entitas anak Dollar Amerika Serikat Resona Bank, Ltd., Tokyo Yen Jepang Resona Bank, Ltd., Tokyo Sub jumlah Pihak ketiga Bank Rupiah Standard Chartered Bank, Jakarta Bank ANZ Indonesia, Jakarta Bank Central Asia, Jakarta Citibank, Jakarta OCBC - NISP Bank, Jakarta Sub jumlah Bank Dollar Amerika Serikat Sumitomo Mitsui Trust Bank, Ltd., Singapura The Japan Bank for International Cooperation Yen Jepang The Japan Bank for International Cooperation Entitas anak Dollar Amerika Serikat Sumitomo Mitsui Trust Bank, Ltd., Singapura Sub jumlah Jumlah

21. BORROWINGS 2014 Rp

2013 Rp

2.415.075.000.000 371.550.000.000

2.129.750.000.000 365.100.000.000

257.608.000.000

221.494.000.000

6.213.600.000

12.732.500.000

3.050.446.600.000

2.729.076.500.000

650.000.000.000 300.000.000.000 200.000.000.000 100.000.000.000 -

200.000.000.000 250.000.000.000

1.250.000.000.000

450.000.000.000

743.100.000.000

486.800.000.000

100.640.510.000

105.605.175.000

-

2.680.770.000

843.740.510.000

60.850.000.000 655.935.945.000

5.144.187.110.000

3.835.012.445.000

Nilai tercatat pada biaya perolehan diamortisasi dari pinjaman yang diterima adalah sebagai berikut:

Related parties The Bank U.S. Dollar Resona Bank, Ltd., Tokyo The Bank of East Asia, Ltd., Hongkong Subsidiary U.S. Dollar Resona Bank, Ltd., Tokyo Japanese Yen Resona Bank, Ltd., Tokyo Sub total Third parties The Bank Rupiah Standard Chartered Bank, Jakarta Bank ANZ Indonesia, Jakarta Bank Central Asia, Jakarta Citibank, Jakarta OCBC - NISP Bank, Jakarta Sub total The Bank U.S. Dollar Sumitomo Mitsui Trust Bank, Ltd., Singapore The Japan Bank for International Cooperation Japanese Yen The Japan Bank for International Cooperation Subsidiary U.S. Dollar Sumitomo Mitsui Trust Bank, Ltd., Singapore Sub total Total

Carrying amount at amortized cost of borrowings are as follows:

2014 Rp

2013 Rp

Utang bank Beban bunga masih harus dibayar (Catatan 22)

5.144.187.110.000

3.835.012.445.000

32.081.141.522

20.558.195.279

Jumlah

5.176.268.251.522

3.855.570.640.279

- 62 -


Bank loan Accrued interest expense (Note 22) Total

159


a.


Resona Bank, Ltd., Tokyo

a.

Resona Bank, Ltd., Tokyo

Bank

The Bank

Sampai dengan tanggal 31 Desember 2014, Bank memperoleh lima fasilitas pinjaman revolving dan multicurrency revolving tanpa jaminan dari Resona Bank, Ltd., Tokyo untuk pembiayaan modal kerja yang diperlukan oleh Bank.

As of December 31, 2014, there are five unsecured revolving and multicurrency revolving credit facilities obtained from Resona Bank, Ltd., Tokyo for the purpose of financing the general working capital requirements of the Bank.



Pada tanggal 28 April 1992, Bank memperoleh fasilitas pinjaman jumlah maksimum pinjaman sebesar USD 220.000.000 dari Resona Bank, Ltd., cabang Singapura. Penarikan fasilitas kredit ini dapat dilakukan dalam tiga jenis mata uang termasuk di dalamnya Dollar Amerika Serikat.



Sejak akhir September 1999, Resona Bank, Ltd., cabang Singapura berubah fungsi menjadi kantor representatif sehingga fasilitas dialihkan kepada Resona Bank Ltd., Tokyo. Berdasarkan perjanjian tambahan terakhir pada tanggal 28 Maret 2014, fasilitas pinjaman diperpanjang sampai tanggal 31 Maret 2019 dengan jumlah maksimum sebesar USD 45.000.000 dengan tingkat bunga per tahun sebesar cost of fund + 0,60%. Jangka waktu fasilitas pinjaman ini adalah 60 bulan dan dapat diperpanjang pada saat jatuh tempo tergantung kesepakatan bersama. Pada tanggal 30 September 2014, Bank melakukan penarikan atas fasilitas kredit ini sebesar USD 10.000.000. 

On April 28, 1992, the Bank was granted credit facility from Resona Bank, Ltd., Singapore branch with a maximum credit limit of USD 220,000,000. The drawdown could be made in three currencies including United States Dollars.

Since the end of September 1999, Resona Bank, Ltd., Singapore Branch has changed its function to a representative office, therefore, the credit facility was transferred to Resona Bank, Ltd., Tokyo. Based on the latest addendum of the agreement dated March 28, 2014, this credit facility was extended to March 31, with maximum credit of 2019 USD 45,000,000 subject to interest rate computed as cost of fund + 0.60% per annum. The credit facility has a term of 60 months and can be extended upon maturity subject to approval. On September 30, 2014, the Bank’s drawdown for this credit facility amounted to USD 10,000,000.

Pada tanggal 30 April 2006, Bank memperoleh fasilitas pinjaman dari Resona Bank, Ltd., Tokyo dan telah mengalami perubahan pada tanggal 30 November 2007. Perubahan fasilitas pinjaman adalah jumlah maksimum pinjaman menjadi sebesar USD 80.000.000, jangka waktu 60 bulan dan bunga per tahun sebesar SIBOR + 0,60%. Pada tanggal 28 April 2011, Bank dan Resona Bank Ltd., Tokyo setuju untuk memperpanjang jatuh tempo pinjaman sampai dengan tanggal 30 April 2016 dengan jumlah maksimum sebesar USD 80.000.000 dengan tingkat bunga sebesar cost of fund + 0,60% per tahun. Saldo per 31 Desember 2014 dan 2013 masing-masing sebesar USD 60.000.000 dan USD 40.000.000.



- 63 -


On April 30, 2006, the Bank was granted credit facility from Resona Bank Ltd., Tokyo which was amended on November 30, 2007. The amended credit facility has a maximum credit of USD 80,000,000 with a term of 60 months and subject to interest rate computed as SIBOR + 0.60% per annum. On April 28, 2011, the Bank and Resona Bank Ltd., Tokyo agreed to extend this facility to April 30, 2016 with maximum amount of USD 80,000,000 subject to interest rate computed as cost of fund + 0.60% per annum. The outstanding loan balance as of December 31, 2014 and 2013 amounted to USD 60,000,000 and USD 40,000,000, respectively.

160





Pada tanggal 31 Juli 2008, Bank memperoleh fasilitas pinjaman dengan nilai maksimum sebesar USD 20.000.000. Fasilitas pinjaman ini mempunyai jangka waktu 60 bulan, dengan tingkat bunga sebesar cost of fund + 0,60% per tahun. Pada tanggal 15 Agustus 2013, Bank dan Resona Bank Ltd., Tokyo setuju untuk memperpanjang jatuh tempo pinjaman sampai dengan tanggal 31 Juli 2018. Sampai dengan tanggal 31 Desember 2014, fasilitas pinjaman ini belum dipergunakan.



On July 31, 2008, the Bank was granted credit facility for maximum amount of USD 20,000,000. The credit facility, which has a term of 60 months, bears an interest rate determined as cost of fund + 0.60% per annum. On August 15, 2013, the Bank and Resona Bank Ltd., Tokyo agreed to extend this facility to July 31, 2018. Up to December 31, 2014, this facility has not been utilized.



Pada tanggal 26 April 2011, Bank memperoleh fasilitas pinjaman dengan nilai maksimum sebesar USD 75.000.000. Fasilitas pinjaman ini mempunyai jangka waktu 13 bulan, dengan tingkat bunga sebesar cost of fund + 0,60% per tahun. Pada tanggal 16 September 2014, Bank dan Resona Bank Ltd., Tokyo setuju untuk memperpanjang jatuh tempo pinjaman sampai dengan tanggal 26 Agustus 2019. Saldo pinjaman per 31 Desember 2014 dan 2013 adalah sebesar USD 75.000.000.



On April 26, 2011, the Bank was granted credit facility for maximum amount of USD 75,000,000. The credit facility, which has a term of 13 months, bears an interest rate determined as cost of fund + 0.60% per annum. On September 16, 2014, the Bank and Resona Bank Ltd., Tokyo agreed to extend this facility to August 26, 2019. The loan balance as of December 31, 2014 and 2013 amounted to USD 75,000,000.



Pada tanggal 14 Agustus 2012, Bank memperoleh fasilitas pinjaman dengan nilai maksimum sebesar USD 60.000.000. Fasilitas ini mempunyai jangka waktu 60 bulan, dengan tingkat bunga sebesar cost of fund + 0,60% per tahun. Pada tanggal 18 Juni 2013, Bank dan Resona Bank Ltd., Tokyo setuju untuk memperpanjang jatuh tempo pinjaman sampai dengan tanggal 14 September 2018. Saldo per 31 Desember 2014 dan sebesar 2013, masing-masing USD 50.000.000 dan USD 60.000.000.



On August 14, 2012, the Bank was granted credit facility for maximum amount of USD 60,000,000. The credit facility, which has a term of 60 months, bears an interest rate determined as cost of fund + 0.60% per annum. On June 18, 2013, the Bank and Resona Bank Ltd., Tokyo agreed to extend this facility to September 14, 2018. The loan balance as of December 31, 2014 and 2013 amounted to USD 50,000,000 and USD 60,000,000, respectively.

Seluruh saldo pinjaman dan bunga yang masih harus dibayar dari fasilitas pinjaman Resona Bank, Ltd., Tokyo akan dibayar pada saat jatuh tempo dalam mata uang yang sama dengan mata uang pinjaman.

All outstanding loans drawn and interest accrued from the credit facilities obtained from Resona Bank Ltd., Tokyo shall be paid at maturity in the same currency in which the loan was denominated.

Entitas anak

The subsidiary

Pada tanggal 12 Juli 2006, entitas anak dan Resona Bank Ltd, Jepang, melakukan perubahan perjanjian kredit untuk mengubah tiga fasilitas yang bersaldo (USD 3.300.000, USD 3.000.000 dan USD 5.000.000) menjadi fasilitas kredit non committed and unsecured revolving dengan plafond USD 11.300.000 yang tujuannya untuk modal kerja entitas anak di luar Jepang.

On July 12, 2006, the subsidiary and Resona Bank Ltd, Japan, entered into amendment of loan agreement to convert three outstanding facilities (USD 3,300,000, USD 3,000,000 and USD 5,000,000) into a non-committed and unsecured revolving credit facility of up to USD 11,300,000 which is to be used for general working capital of the subsidiary outside Japan.

Pada tanggal 30 Maret 2012, entitas anak dan Resona Bank Ltd setuju untuk meningkatkan plafond fasilitas kredit menjadi USD 28.300.000.

On March 30, 2012, the subsidiary and Resona Bank Ltd agreed on the increase of such credit facility to USD 28,300,000.

- 64 -


161


b.


Tingkat suku bunga yang dikenakan adalah Resona Bank Ltd’s interbank rate + 0,8% pertahun dan jatuh tempo pada 31 Agustus 2008. Pada tanggal 31 Agustus 2008, entitas anak dan Resona Bank Ltd setuju untuk memperpanjang jatuh tempo pinjaman dan setelah itu telah diperpanjang beberapa kali. Perpanjangan terakhir dilakukan berdasarkan Perubahan Perjanjian Kredit tanggal 28 Maret 2014 yang memperpanjang jatuh tempo pinjaman menjadi 31 Maret 2016.

The interest rate is the Resona Bank Ltd’s interbank rate + 0.8% per annum with a maturity date of August 31, 2008. On August 31, 2008, the subsidiary and Resona Bank Ltd agreed to extend this facility and subsequently has been extended several times. The latest credit facility amandment dated March 28, 2014 extend the facility up to March 31, 2016.

Saldo pinjaman masing-masing sebesar USD 20.800.000 dan JPY 60.000.000 per 31 Desember 2014 dan USD 18.200.000 dan JPY 110.000.000 per 31 Desember 2013.

The outstanding loan balance amounted to USD 20,800,000 and JPY 60,000,000 as of December 31, 2014 and USD 18,200,000 and JPY 110,000,000 as of December 31, 2013.

The Bank of East Asia, Ltd., Hongkong

b.

The Bank of East Asia, Ltd., Hongkong

Pada tanggal 17 Januari 2011, Bank memperoleh fasilitas pinjaman sebesar USD 30.000.000 yang digunakan untuk modal kerja. Jangka waktu fasilitas ini terhitung 13 bulan dari saat penarikan. Fasilitas pinjaman ini dikenakan tingkat suku bunga LIBOR + 1,25% per tahun.

On January 17, 2011, the Bank was granted a USD 30,000,000 loan facility for general working capital purposes. The time period for this facility is 13 months from the drawdown date. The credit facility bears interest rate of LIBOR + 1.25% per annum.

Pada tanggal 17 Februari 2012, Bank dan The Bank of East Asia, Ltd., Hongkong setuju untuk memperbaharui fasilitas pinjaman sebesar USD 30.000.000 yang digunakan untuk modal kerja. Jangka waktu fasilitas ini adalah 13 bulan terhitung mulai tanggal 27 Februari 2012. Fasilitas pinjaman ini dikenakan tingkat suku bunga LIBOR + 1,75% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2012.

On February 17, 2012, the Bank and The Bank of East Asia, Ltd., Hongkong agreed to renew the loan facility into USD 30,000,000 for general working capital purposes. The time period for this facility is 13 months from February 27, 2012. The credit facility bears interest rate of LIBOR + 1.75% per annum. This credit facility has been fully drawn as of December 31, 2012.

Pada tanggal 25 Maret 2013, Bank dan The Bank of East Asia, Ltd., Hongkong setuju untuk memperbaharui jangka waktu pinjaman tersebut diatas menjadi 13 bulan terhitung mulai tanggal 27 Maret 2013 fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2013.

On March 25, 2013, the Bank and The Bank of East Asia, Ltd., Hongkong agreed to renew the time period of the above facility to 13 months from March 27, 2013. This credit facility has been fully drawn as of December 31, 2013.

Pada tanggal 26 Juni 2014, Bank dan The Bank of East Asia, Ltd., Hongkong setuju untuk memperbaharui jangka waktu pinjaman tersebut diatas menjadi 13 bulan terhitung mulai tanggal 23 Juli 2014 fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014.

On June 26, 2014, the Bank and The Bank of East Asia, Ltd., Hongkong agreed to renew the time period of the above facility to 13 months starting from July 23, 2014. This credit facility has been fully drawn as of December 31, 2014.

- 65 -


162


c.


Sumitomo Mitsui Trust Bank, Limited, Singapura

c.

Sumitomo Mitsui Trust Bank, Limited, Singapore

Bank

The Bank

Bank memperoleh tiga fasilitas pinjaman dari Sumitomo Mitsui Trust Bank Limited, sebagai berikut:

The Bank obtained three outstanding loan facilities from Sumitomo Mitsui Trust Bank Limited as follows:



Pada tanggal 20 September 2007, Bank memperoleh fasilitas pinjaman sebesar USD 20.000.000 untuk jangka waktu 6 tahun. Fasilitas ini telah mengalami beberapa kali perubahan terakhir pada tanggal 30 Mei 2014, yang memperpanjang jangka waktu pinjaman sampai dengan tanggal 31 Mei 2016. Fasilitas ini mempunyai tingkat bunga mengambang cost of funds + 1,50% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014 dan 2013.



On September 20, 2007, the Bank was granted a USD 20,000,000 loan facility for a term of 6 years. This facility was amended several times, the latest on May 30, 2014 which extend the term of loan to May 31, 2016. The facility bears floating interest rate at cost of funds + 1.50% per annum. This credit facility is fully drawn as of December 31, 2014 and 2013.



Pada tanggal 1 September 2008, Bank memperoleh fasilitas pinjaman sebesar USD 20.000.000 untuk jangka waktu 6 tahun. Fasilitas ini telah mengalami beberapa kali perubahan, terakhir pada tanggal 4 Juni 2014 yang memperpanjang jangka waktu pinjaman sampai dengan tanggal 28 April 2017. Fasilitas pinjaman ini dikenakan tingkat bunga cost of fund + 1,50% per tahun. Pokok pinjaman akan dibayarkan pada saat jatuh tempo, sementara bunga akan dibayarkan setiap setengah tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014 dan 2013.



On September 1, 2008, the Bank acquired another USD 20,000,000 loan facility for a term of 6 years. The facilty was amended several times, the latest on June 4, 2014 which extend the term of loan to April 28, 2017. The credit facility bears interest at cost of fund + 1.50% per annum. The loan principal is payable on maturity while interest is payable semi-annually. This credit facility is fully drawn as of December 31, 2014 and 2013.



Pada tanggal 30 September 2011, Bank memperoleh fasilitas term loan dan revolving credit, dengan total fasilitas sebesar USD 20.000.000 untuk jangka waktu 3 tahun. Fasilitas ini telah mengalami perubahan terakhir pada tanggal 31 Desember 2014, yang memperpanjang jangka waktu pinjaman sampai dengan 30 Desember 2016. Fasilitas pinjaman ini dikenakan tingkat suku bunga cost of fund + 1,575%. Pokok pinjaman akan dibayarkan pada saat jatuh tempo, sementara bunga akan dibayarkan setiap setengah tahun. Saldo per 31 Desember 2014 dan 2013 masingmasing sebesar USD 20.000.000 dan nihil.



On September 30, 2011, the Bank obtained a 3 years term loan and revolving credit facility with total facility amounting to USD 20,000,000. This facility was amended on December 31, 2014 and expires on December 30, 2016. The credit facility bears interest at cost of fund + 1.575% per annum. The loan principal is payable on maturity while interest is payable semi-annually. The loan balance as of December 31, 2014 and 2013 amounted to USD 20,000,000 and nil, respectively.

- 66 -


163


d.


Entitas Anak

The Subsidiary

Pada tanggal 23 Juli 2010, entitas anak melakukan perjanjian kredit dengan Sumitomo Mitsui Trust Bank Ltd dengan plafond USD 3.000.000, yang digunakan untuk modal kerja. Tingkat suku bunga per tahun adalah margin of 2,25% interbank market.

On July 23, 2010, the subsidiary entered into loan agreement with Sumitomo Mitsui Trust Bank Ltd for a credit facility of up to USD 3,000,000, to be used for general working capital. The interest rate per annum is margin of 2.25% interbank market.

Pada tanggal 31 Juli 2012, entitas anak dan Sumitomo Mitsui Trust Bank Ltd, Singapura setuju untuk meningkatkan plafond fasilitas kredit menjadi USD 5.000.000. Tingkat suku bunga per tahun adalah cost of fund + 1,50%. Perjanjian ini telah diperpanjang beberapa kali, yang terakhir diperpanjang sampai dengan tanggal 31 Oktober 2015 melalui Perubahan Perjanjian Kredit tanggal 25 Juli 2014.

On July 31, 2012, the subsidiary and Sumitomo Mitsui Trust Bank Ltd, Singapore agreed to increase such credit facility to USD 5,000,000. The interest rate per annum is cost of fund + 1.50%. This agreement has been extended several times, the latest was extended until October 31, 2015, through Credit Facility Amendment dated July 25, 2014.

Saldo pinjaman sebesar USD 5.000.000 per 31 Desember 2013.

The outstanding loan balance amounted to USD 5,000,000 as of December 31, 2013.

Fasilitas pinjaman ini telah dilunasi pada tanggal 24 Oktober 2014.

The loan facility has been fully paid on October 24, 2014.

The Japan Bank Cooperation (JBIC)

for

International

d.

Bank memperoleh fasilitas pinjaman dengan tujuan pembiayaan, dengan cara subpinjaman, kebutuhan dana jangka panjang untuk investasi, dan/atau modal jangka panjang dari sub-peminjam: 

The Japan Bank Cooperation (JBIC)

for

International

The Bank was granted credit facility for the sole purpose of financing, by way of sub-loan, long-term fund requirements for investments and/or long-term capital of sub-borrowers:

Pada tanggal 30 Maret 2009, Bank memperoleh fasilitas sebesar JPY 250.000.000 dengan tingkat suku bunga ditentukan sebagai berikut:



On March 30, 2009, the Bank obtained a JPY 250,000,000 facility which bears an interest rate determined as follows:

 Untuk sub-peminjam dimana pemegang saham utamanya adalah perusahaan kecil dan menengah base rate atau floor rate, yang mana yang lebih tinggi.  Untuk sub-peminjam dimana pemegang saham utamanya adalah bukan perusahaan kecil dan menengah - base rate + 0,04% per tahun atau floor rate + 0,25% per tahun, yang mana yang lebih tinggi.

 For sub-borrowers whose principal equityholder is small and medium sized corporations - base rate or floor rate, whichever is higher.

Saldo per tanggal 31 Desember 2013 sebesar JPY 23.160.000.

The loan balance outstanding as December 31, 2013 amounted JPY 23,160,000.

Fasilitas pinjaman ini telah dilunasi pada tanggal 3 Oktober 2014.

The loan facility has been fully paid on October 3, 2014.

 For sub-borrowers whose principal equityholder is non-small and medium sized corporations - base rate + 0.04% per annum or floor rate + 0.25% per annum, whichever is higher.

- 67 -


of to

164







Pada tanggal 30 Maret 2009, Bank memperoleh fasilitas (JBIC V) sebesar USD 10.000.000 dengan tingkat suku bunga ditentukan sebagai berikut:





 Untuk sub-peminjam dimana pemegang saham utamanya adalah perusahaan kecil dan menengah, tingkat suku bunga pada floating rate yang berlaku.

 For sub-borrowers whose principal equityholder is small and medium sized corporations, the interest is at the applicable floating rate.

 Untuk sub-peminjam dimana pemegang saham utamanya adalah bukan perusahaan berskala kecil dan menengah - floating rate yang berlaku pada tingkat + 0.25% per tahun.

 For sub-borrowers whose principal equityholder is non-small and medium sized corporations - applicable floating rate + 0.25% per annum.

Tanggal akhir pembayaran adalah 3 Oktober 2015.

kembali

The final repayment date is October 3, 2015.

Saldo per tanggal 31 Desember 2014 dan 2013 masing-masing sebesar USD 1.312.000 dan USD 3.087.500.

The loan balance outstanding as of December 31, 2014 and 2013 amounted to USD 1,312,000 and USD 3,087,500, respectively.

Pada tanggal 1 April 2011, Bank memperoleh fasilitas (JBIC VI) sebesar USD 13.000.000 dengan tingkat suku bunga ditentukan sebagai berikut:



On April 1, 2011, the Bank obtained a USD 13,000,000 facility (JBIC VI) which bears an interest rate determined as follows:


 For sub-borrowers whose principal equityholder is small and medium sized corporations, the interest is at the applicable floating rate.

 Untuk sub-peminjam dimana pemegang saham utamanya adalah bukan Perusahaan berskala kecil dan menengah – applicable rate yang berlaku pada tingkat + 0.25% per tahun.


Tanggal akhir pembayaran adalah 3 Januari 2018.

The final repayment January 3, 2018.

kembali

Saldo per tanggal 31 Desember 2014 dan 2013 adalah sebesar USD 3.814.000 dan USD 5.590.000. 

On March 30, 2009, the Bank obtained a USD 10,000,000 facility (JBIC V) which bears an interest rate determined as follows:

date

is

The loan balance outstanding as of December 31, 2014 and 2013 amounted to USD 3,814,000 and USD 5,590,000, respectively.

Pada tanggal 13 Februari 2014, Bank memperoleh fasilitas (JBIC VII) sebesar USD 13.000.000 dengan tingkat suku bunga ditentukan sebagai berikut:






On February 13, 2014, the Bank obtained a USD 13,000,000 facility (JBIC VII) which bears an interest rate determined as follows:  For sub-borrowers whose principal equityholder is small and medium sized corporations, the interest is at the applicable floating rate.

- 68 -


165



 Untuk sub-peminjam dimana pemegang saham utamanya adalah bukan perusahaan berskala kecil dan menengah - floating rate yang berlaku pada tingkat + 0.15% per tahun.


Tanggal akhir pembayaran adalah 3 Januari 2023.

The final repayment January 3, 2023.

kembali

Saldo per tanggal 31 Desember 2014 sebesar USD 3.000.000.

The loan balance outstanding as December 31, 2014 amounted USD 3,000,000.

Pembayaran dari semua fasilitas pinjaman dari JBIC akan diangsur secara triwulanan pada hari ketiga, sementara bunganya dibayarkan setiap tanggal 3 bulan Januari dan Juli, sampai pada saat jatuh tempo. e.

e.

Pada tanggal 22 Februari 2013, Bank memperoleh fasilitas pinjaman sebesar Rp 100.000.000.000 untuk jangka waktu 12 bulan dengan bunga margin over the JIBOR rate for six months per tahun. Pokok pinjaman akan dibayarkan pada saat jatuh tempo ditambah bunga.



On February 22, 2013, the Bank was granted a Rp 100,000,000,000 loan facility for a term of 12 months with margin over JIBOR rate for six months per annum. The loan principal is payable on maturity plus interest. On March 18, 2014, the Bank agreed to extend this facility to March 18, 2015. This credit facility is fully drawn as of December 31, 2014 and 2013.

Pada tanggal 11 Oktober 2013, Bank memperoleh fasilitas pinjaman sebesar Rp 100.000.000.000 untuk jangka waktu 6 atau 12 bulan dengan bunga margin over the JIBOR rate for six months per tahun. Pokok pinjaman akan dibayarkan pada saat jatuh tempo ditambah bunga.



Pada tanggal 6 November 2014, Bank setuju untuk memperpanjang jatuh tempo pinjaman sampai dengan tanggal 6 November 2015. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014 dan 2013. f.

of to

PT Bank Central Asia

Pada tanggal 18 Maret 2014, Bank setuju untuk memperpanjang jatuh tempo pinjaman sampai dengan tanggal 18 Maret 2015. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014 dan 2013. 

is

The payment of principal of all loan facilities from JBIC shall be made quarterly on the third day of the month while interest is payable every third day of January and July, until maturity date.

PT Bank Central Asia 

date

On October 11, 2013, the Bank was granted a Rp 100,000,000,000 loan facility for a term of 6 or 12 months with margin over JIBOR rate for six months per annum. The loan principal is payable on maturity plus interest. On November 6, 2014, the Bank agreed to extend this facility to November 6, 2015. This credit facility is fully drawn as of December 31, 2014 and 2013.

Citibank

f.

Pada tanggal 11 Juni 2011, Bank memperoleh fasilitas pinjaman revolving sebesar Rp 100.000.000.000 yang digunakan untuk tujuan pembiayaan. Jatuh tempo atas fasilitas ini adalah satu tahun dari tanggal penarikan, efektif tanggal 20 Mei 2014. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014. Saldo per 31 Desember 2014 dan 2013 masing-masing sebesar Rp 100.000.000.000 dan nihil.

Citibank On June 11, 2011, the Bank was granted a Rp 100,000,000,000 revolving credit facility for the purpose of financing. The maturity of this credit facility is one year, effective May 20, 2014. This credit facility is fully drawn as of December 31, 2014. The loan balance outstanding as of December 31, 2014 and 2013 amounted to Rp 100,000,000,000 and nil, respectively.

- 69 -


166


g.


Bank ANZ Indonesia

g.



Pada tanggal 15 April 2014, Bank memperoleh fasilitas pinjaman sebesar Rp 200.000.000.000 yang digunakan untuk tujuan pembiayaan Bank. Jangka waktu fasilitas ini adalah dua tahun dari tanggal penarikan. Fasilitas ini dikenakan tingkat suku bunga tetap sebesar 9,25% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014.



On April 15, 2014, the Bank was granted a Rp 200,000,000,000 credit facility for the purpose of financing. The maturity of this credit facility is two years, effective since the first drawdown date. This facility bears fixed interest rate of 9.25% per annum. This credit facility is fully drawn as of December 31, 2014.



Pada tanggal 12 September 2014, Bank memperoleh fasilitas pinjaman sebesar Rp 100.000.000.000 yang digunakan untuk tujuan pembiayaan. Jangka waktu fasilitas ini adalah tiga tahun dari tanggal penarikan. Fasilitas ini dikenakan tingkat suku bunga tetap sebesar 9,20% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014.



On September 12, 2014, the Bank was granted a Rp 100,000,000,000 credit facility for the purpose of financing. The maturity of this credit facility is three years, starting from the first drawdown date. This facility bears fixed interest rate of 9.20% per annum. This credit facility is fully drawn as of December 31, 2014.

Pinjaman yang diterima dari Bank ANZ Indonesia pada tahun 2014 dijamin dengan deposito berjangka dalam mata uang asing (Catatan 7). h.

Bank ANZ Indonesia

The borrowing received from Bank ANZ Indonesia in 2014 is secured by time deposits which is denominated in foreign currency (Note 7).

Standard Chartered Bank

h.

Standard Chartered Bank



Pada tanggal 15 April 2014, Bank memperoleh fasilitas pinjaman sebesar Rp 200.000.000.000 yang digunakan untuk tujuan pembiayaan. Jangka waktu fasilitas ini adalah dua tahun dari tanggal penarikan yaitu tanggal 21 April 2016. Fasilitas ini dikenakan tingkat suku bunga tetap sebesar 9,35% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014.



On April 15, 2014, the Bank was granted a Rp 200,000,000,000 credit facility for the purpose of financing. The maturity of this credit facility is two years, starting from the first drawdown date, which is April 21, 2016. This facility bears fixed interest rate of 9.35% per annum. This credit facility is fully drawn as of December 31, 2014.



Pada tanggal 23 Juni 2014, Bank memperoleh fasilitas pinjaman sebesar Rp 150.000.000.000 yang digunakan untuk tujuan pembiayaan. Jangka waktu fasilitas ini adalah tiga tahun dari tanggal penarikan yaitu tanggal 28 Juni 2017. Fasilitas ini dikenakan tingkat suku bunga tetap sebesar 9,40% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014.



On June 23, 2014, the Bank was granted a Rp 150,000,000,000 credit facility for the purpose of financing. The maturity of this credit facility is three years, starting from the first drawdown date, which is June 28, 2017. This facility bears fixed interest rate of 9.40% per annum. This credit facility is fully drawn as of December 31, 2014.



Pada tanggal 26 September 2014, Bank memperoleh fasilitas pinjaman sebesar Rp 300.000.000.000 yang digunakan untuk tujuan pembiayaan. Jangka waktu fasilitas ini adalah tiga tahun dari tanggal penarikan yaitu tanggal 29 September 2017. Fasilitas ini dikenakan tingkat suku bunga JIBOR + 0,95% per tahun. Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2014.



On September 26, 2014, the Bank was granted a Rp 300,000,000,000 credit facility for the purpose of financing. The maturity of this credit facility is three years, starting from the first drawdown date, which is September 29, 2017. This facility bears fixed interest rate of JIBOR + 0.95% per annum. This credit facility is fully drawn as of December 31, 2014.

The borrowing received from Standard Chartered Bank in 2014 is secured by time deposits which is denominated in foreign currency (Note 7).

Pinjaman yang diterima dari Standard Chartered Bank pada tahun 2014 dijamin dengan deposito berjangka dalam mata uang asing (Catatan 7).

- 70 -


167


i.

j.


OCBC – NISP Bank, Jakarta

i.

OCBC – NISP Bank, Jakarta

Pada tanggal 15 Februari 2012, Bank memperoleh fasilitas pinjaman sebesar Rp 250.000.000.000 untuk kepentingan kegiatan usaha. Fasilitas ini tersedia dari tanggal 21 Februari 2012 sampai dengan tanggal 21 Februari 2014 dan dikenakan tingkat suku bunga tetap sebesar 8,75% per tahun. Pokok pinjaman akan dibayarkan pada saat jatuh tempo sementara bunga akan dibayarkan setiap 6 bulan sekali.

On February 15, 2012, the Bank was granted a Rp 250,000,000,000 term loan facility for operational purposes. The credit facility is available from February 21, 2012 to February 21, 2014 and bears a fixed interest rate of 8.75% per annum. The loan principal is payable on maturity while interest is payable semi-annually.

Fasilitas pinjaman ini telah digunakan secara penuh pada tanggal 31 Desember 2013 dan telah dilunasi pada tanggal 21 Februari 2014.

This credit facility is fully drawn as of December 31, 2013 and fully paid on February 21, 2014.

Pinjaman yang diterima dari OCBC – NISP Bank, Jakarta pada tahun 2013 dijamin dengan deposito berjangka dalam mata uang asing pada OCBC Bank, Singapura (Catatan 7).

The borrowing received from OCBC – NISP Bank, Jakarta in 2013 is secured by time deposits which is denominated in foreign currency on OCBC Bank, Singapore (Note 7).

CIMB Bank Niaga, Jakarta

j.

CIMB Bank Niaga, Jakarta

Pada tanggal 3 November 2009, Bank memperoleh fasilitas money market sebesar Rp 200.000.000.000 untuk tujuan pendanaan dan modal kerja. Pada tanggal 3 November 2010, fasilitas pinjaman ini dinaikkan menjadi Rp 300.000.000.000. Fasilitas ini mengalami beberapa kali perubahan terakhir pada tanggal 5 November 2014, yang memperpanjang jangka waktu pinjaman sampai dengan tanggal 5 November 2015. Fasilitas ini dikenakan tingkat suku bunga JIBOR + 2,60% per tahun.

On November 3, 2009, the Bank was granted a Rp 200,000,000,000 money market facility for funding and working capital purposes. On November 3, 2010 the facility was raised to Rp 300.000.000.000. This facility was amended several times, the latest on November 5, 2014 which extend the term of loan to November 5, 2015. The facility bears interest rate of JIBOR + 2.60% per annum.

Sampai dengan tanggal 31 Desember 2014 dan 2013, fasilitas pinjaman ini belum digunakan oleh Bank.

As of December 31, 2014 and 2013, the credit facility has not yet used by the Bank.

22. BIAYA MASIH HARUS DIBAYAR

22. ACCRUED EXPENSES 2014 Rp

2013 Rp

Beban bunga atas: Pinjaman yang diterima Surat berharga yang diterbitkan Simpanan Simpanan dari bank lain Lain-lain

32.081.141.522 13.549.375.000 4.581.005.683 49.842.813 352.463.766

20.558.195.279 13.549.375.000 6.737.033.094 106.741.001 465.357.184

Interest on: Borrowings Securities issued Deposits Deposits from other banks Others

Jumlah

50.613.828.784

41.416.701.558

Total

- 71 -


168



23. LIABILITAS IMBALAN PASCA KERJA

23. POST-EMPLOYMENT BENEFITS OBLIGATION

Bank

The Bank

Bank menghitung imbalan pasca kerja berdasarkan mana yang lebih tinggi antara imbalan berdasarkan Undang-undang Ketenagakerjaan No.13/2003 tanggal 25 Maret 2003 dan imbalan berdasarkan Kesepakatan Kerja antara Bank dan karyawan. Jumlah karyawan yang berhak atas imbalan pasca kerja tersebut pada tanggal 31 Desember 2014 dan 2013 masing-masing adalah 233 dan 228 karyawan.

The Bank calculates post-employment benefits obligation, whichever is higher between the benefits stated in the Labor Law No. 13/2003 dated March 25, 2003 and benefits under the Collaboration Agreement between the employees and the Bank. The number of employees entitled to the benefits as of December 31, 2014 and 2013 is 233 and 228, respectively.

Beban imbalan pasca kerja yang diakui di laporan laba rugi komprehensif konsolidasian adalah:

Amounts recognized in the consolidated statement of comprehensive income in respect of the postemployment benefits is as follows:

2014 Rp

2013 Rp

Biaya jasa kini Biaya bunga Amortisasi kerugian aktuaria Pengaruh kurtailmen/penyelesaian program Ekspektasi pengembalian aset program

7.673.808.056 4.424.842.256 362.969.730 17.856.715.532 (1.486.764.005)

Effect of curtailment/settlement (1.336.653.513) Expected return on plan assets

Jumlah

28.831.571.569

10.942.780.157

Liabilitas imbalan pasca kerja di laporan posisi keuangan konsolidasian yang muncul dari kewajiban Bank terkait dengan imbalan pasca kerja adalah sebagai berikut:

Liabilitas bersih

Current service cost Interest cost Amortization of actuarial loss

Total

The amounts included in the consolidated statement of financial position arising from the Bank’s obligation in respect of these postemployment benefits are as follows:

2014 Rp Nilai kini kewajiban Nilai wajar aset program Kerugian aktuarial yang belum diakui

7.213.286.131 3.681.272.749 1.384.874.790

2013 Rp

59.341.477.135 (46.600.221.667) (12.741.255.468) -

60.529.723.939 Present value of obligation (50.651.864.699) Fair value of plan assets (9.877.859.240) Unrecognized actuarial loss -

- 72 -


Net liability

169



Mutasi dari nilai kini liabilitas imbalan pasti adalah sebagai berikut:

Movements of present value of defined benefit obligation are as follows:

2014 Rp

2013 Rp

Saldo awal tahun Biaya bunga Biaya jasa kini Keuntungan yang dibayarkan Kurtailment dan penyelesaian program Kerugian (keuntungan) aktuaria

51.587.787.334 4.424.842.256 3.425.580.579 (2.793.341.567) (8.382.954.996) 4.213.641.642

63.937.665.038 3.681.272.749 4.195.824.956 (7.506.490.441) (12.720.484.968)

Saldo akhir Biaya untuk direktur/tenaga kerja asing

52.475.555.248

51.587.787.334

6.865.921.887

8.941.936.605

Jumlah

59.341.477.135

60.529.723.939

Balance at beginning of the year Interest cost Current service cost Benefit paid Curtailment and settlements Actuarial loss (gain) Ending balance Accrual for Director/Expatriate Total

Bank menyiapkan dana untuk pembayaran imbalan pasca kerja bagi karyawannya. Dana tersebut ditempatkan dalam kontrak asuransi jiwa dengan Allianz Life Indonesia. Dalam kontrak, asuransi jiwa berfungsi sebagai administrator dan fund manager, dan tidak mengambil kewajiban atas kecukupan dana untuk membayar klaim aktual. Dana tersebut diinvestasikan terutama dalam deposito berjangka.

The Bank sets up fund for payment of post employment obligation for its employees. The fund is put in a life insurance contract with Allianz Life Indonesia. In the contract, life insurance acts as an administrator and fund manager, and does not take the liability of sufficiency of the fund to pay for actual claim. The fund is invested principally in time deposits.

Mutasi liabilitas bersih di laporan posisi keuangan konsolidasian adalah sebagai berikut:

Movements in the net liability recognized in the consolidated statement of financial position are as follows:

2014 Rp Saldo awal Kontribusi atas aset program Beban tahun berjalan (Catatan 30) Saldo akhir

2013 Rp

(28.831.571.569) 28.831.571.569 -

-

Nilai wajar aset program adalah sebagai berikut:

Nilai wajar aset aktual

Ending balance

Fair value plan assets are as follows:

2014 Rp Nilai wajar aset - awal Kontribusi aset program Keuntungan yang diharapkan aset program Manfaat yang dibayarkan Kurtailmen dan penyelesaian program Nilai wajar aset yang diharapkan Kerugian dari aset

Beginning balance (10.942.780.157) Contribution to plan assets Amount charged to statement of 10.942.780.157 comprehensive income (Note 30)

2013 Rp

50.651.864.699 28.831.571.569

46.206.003.713 10.942.780.157

Fair value of assets - beginning Contribution to plan assets

1.486.764.005 (9.117.583.762) (24.693.512.131) 47.159.104.380 (558.882.713)

1.336.653.513 (7.731.386.382) 50.754.051.001 (102.186.302)

Expected return on plan assets Benefit payment Curtailments and settlements Expected fair value of assets Loss from assets

46.600.221.667

50.651.864.699

Actual fair value of assets

- 73 -


170



Perhitungan imbalan pasca kerja dihitung oleh aktuaris independen PT Padma Radya Aktuaria. Asumsi utama yang digunakan dalam menentukan penilaian aktuaris adalah sebagai berikut:

The cost of providing post-employment benefits is calculated by an independent actuary, PT Padma Radya Aktuaria. The actuarial valuation was carried out using the following key assumptions:

Tingkat diskonto Tingkat kenaikan gaji Tingkat kematian Tingkat cacat Tingkat pengunduran diri

Ekspektasi imbalan hasil investasi

2014

2013

8,25% 9,0% 100% TMI III 5% Tingkat kematian/ Mortality rate 6% sampai dengan usia 30 tahun dan menurun secara linear sampai dengan 0% pada usia 55 tahun/ 6% up to age 30 and reducing linearly to 0% at age 55 6,0% p.a

8,80% 9,0% 100% TMI III 5% Tingkat kematian/ Mortality rate 6% sampai dengan usia 30 tahun dan menurun secara linear sampai dengan 0% pada usia 55 tahun/ 6% up to age 30 and reducing linearly to 0% at age 55 6,0% p.a

Historis penyesuaian yang terjadi adalah sebagai berikut: 2014 Rp Nilai kini kewajiban Penyesuaian liabilitas imbalan program

2013 Rp

Discount rate Salary increment rate Mortality rate Disability rate Resignation rate

Expected return on investment

The history of experience adjustments is as follows: 2012 Rp

2011 Rp

2010 Rp

59.341.477.135

60.529.723.939

70.087.036.409

60.239.074.943

42.854.684.023

1.418.771.662

865.175.749

1.553.641.024

(96.692.821)

(261.652.013)

Present value of obligation Experience adjustments on plan liabilities

Entitas Anak

The Subsidiary

Entitas anak menghitung beban dan liabilitas imbalan pasca kerja sesuai dengan Undangundang Ketenagakerjaan No. 13/2003 tanggal 25 Maret 2003. Jumlah karyawan yang berhak atas imbalan pasca kerja tersebut adalah 11 dan 9 karyawan pada tanggal 31 Desember 2014 dan 2013.

The subsidiary calculates post-employment benefits obligation as stated in the Labor Law No. 13/2003 dated March 25, 2003. There are 11 and 9 employees entitled to the benefits as of December 31, 2014 and 2013.

Beban imbalan pasca kerja yang diakui di laporan laba rugi komprehensif konsolidasian adalah:

Amounts recognized in the consolidated statement of comprehensive income in respect of the post-employment benefits is as follows:

2014 Rp

2013 Rp

Biaya jasa kini Biaya bunga Amortisasi dari biaya jasa lalu yang belum direalisasi Amortisasi kerugian aktuarial

34.913.868 26.179.341

26.015.440 18.886.124

48.554 1.043.343

48.554 4.723.356

Jumlah

62.185.106

49.673.474

- 74 -


Current service cost Interest cost Amortization of unrecognized past service cost Amortization of actuarial loss Total

171



Liabilitas imbalan pasca kerja di laporan posisi keuangan konsolidasian yang muncul dari kewajiban entitas anak terkait dengan imbalan pasca kerja adalah sebagai berikut:

The amounts included in the consolidated statement of financial position arising from the subsidiary’s obligation in respect of these post employment benefits are as follows:

2014 Rp

2013 Rp Present value of past service liability Unrecognized past service (639.460) cost

Nilai kini kewajiban Biaya jasa lalu yang belum diakui Kerugian aktuarial yang belum diakui

375.057.586

287.685.062

(73.638.294)

(48.402.322) Unrecognized actuarial loss

Liabilitas bersih

300.828.386

238.643.280 Net liability

(590.906)

Mutasi liabilitas bersih di laporan posisi keuangan konsolidasian adalah sebagai berikut:

Saldo awal tahun Beban tahun berjalan (Catatan 30) Saldo akhir tahun

Movements in the net liability recognized in the consolidated statement of financial position are as follows:

2014 Rp

2013 Rp

238.643.280

188.969.806

62.185.106

49.673.474

300.828.386

238.643.280

Mutasi dari nilai kini liabilitas imbalan pasti adalah sebagai berikut:

Balance at beginning of year Amount charged to comprehensive income (Note 30) Balance at end of year

Movements of present value of defined benefit obligation are as follows:

2014 Rp

2013 Rp

Saldo awal tahun Biaya bunga Biaya jasa kini Kerugian (keuntungan) aktuaria

287.685.062 26.179.341 34.913.868 26.279.315

304.614.903 18.886.124 26.015.440 (61.831.405)

Balance at beginning of the year Interest cost Current service cost Actuarial loss (gain)

Saldo akhir tahun

375.057.586

287.685.062


Perhitungan imbalan pasca kerja dihitung oleh aktuaris independen PT Binaputera Jaga Hikmah. Asumsi utama yang digunakan dalam menentukan penilaian aktuaris adalah sebagai berikut:

Tingkat diskonto per tahun Tingkat kenaikan gaji Tingkat kematian Tingkat pengunduran diri

The cost of providing post-employment benefits is calculated by an independent actuary, PT Binaputera Jaga Hikmah. The actuarial valuation was carried out using the following key assumptions:

2014

2013

8,43% 5% 100% TMI III 10% sampai dengan usia 29 tahun dan menurun secara linear sampai dengan 1% pada usia di atas 50 tahun/ 10% up to age 29 years old and reducing linearly to 1% at age 50 years old and thereafter

9,10% 5% 100% TMI III 10% sampai dengan usia 29 tahun dan menurun secara linear sampai dengan 1% pada usia di atas 50 tahun/ 10% up to age 29 years old and reducing linearly to 1% at age 50 years old and thereafter

- 75 -


Discount rate per annum Salary increment rate Mortality rate Resignation rate

172



Historis penyesuaian yang terjadi adalah sebagai berikut: 2014 Rp Nilai kini kewajiban Penyesuaian liabilitas imbalan program

2013 Rp

The history of experience adjustments is as follows: 2012 Rp

2011 Rp

375.057.586

287.685.062

304.614.903

225.166.459

146.367.292

19.126.341

(83.264.203)

36.803.623

37.160.037

13.338.479

24. MODAL SAHAM

Present value of obligation Experience adjustments on plan liabilities

24. CAPITAL STOCK

Susunan pemegang saham adalah sebagai berikut:

Pemegang Saham

2010 Rp

Jumlah Saham/ Number of Shares

The composition of stockholders is as follows:

2014 Persentase Pemilikan/ Percentage of Ownership %

Jumlah Modal Disetor/ Total Paid-up Capital Rp

Name of Stockholders

Resona Bank Limited, Tokyo East Asia Indonesian Holdings Limited Vision Well Limited Jafco Company Limited Tuan William Budiman

1.758.409

43,42

175.840.900.000

1.215.000 806.699 205.710 64.182

30,00 19,92 5,08 1,58

121.500.000.000 80.669.900.000 20.571.000.000 6.418.200.000

Resona Bank Limited, Tokyo East Asia Indonesian Holdings Limited Vision Well Limited Jafco Company Limited Mr. William Budiman

Jumlah

4.050.000

100,00

405.000.000.000

Total

Jumlah Modal Disetor/ Total Paid-up Capital Rp 123.739.900.000

Resona Bank Limited, Tokyo East Asia Indonesian Holdings Limited Vision Well Limited Jafco Company Limited Tuan William Budiman

1.237.399

2013 Persentase Pemilikan/ Percentage of Ownership % 43,42

855.000 567.677 144.759 45.165

30,00 19,92 5,08 1,58

85.500.000.000 56.767.700.000 14.475.900.000 4.516.500.000

Jumlah

2.850.000

100,00

285.000.000.000

Pemegang Saham

Jumlah Saham/ Number of Shares

Name of Stockholders Resona Bank Limited, Tokyo East Asia Indonesian Holdings Limited Vision Well Limited Jafco Company Limited Mr. William Budiman Total

Sehubungan dengan meninggalnya Tn. William Budiman pada tanggal 31 Januari 2004, berdasarkan Akta Keterangan Mengenai Hak Waris No. 68 tanggal 27 April 2004 dari notaris Inggraini Yamin, S.H., menyatakan bahwa saham-saham Bank milik Tn. William Budiman saat ini dimiliki bersama oleh Koesmiati Sari, Christine Budiman, Andrew Budiman, Jack Budiman dan Wilson Budiman, selaku kuasa dalam menjalankan hak dan wewenang serta melaksanakan liabilitas yang berhubungan dengan saham-saham Bank.

In connection with the death of Mr. William Budiman on January 31, 2004, and based on the Decree of Inherited Rights No. 68 dated April 27, 2004 of Inggraini Yamin, S.H., the shares owned by Mr. William Budiman are now jointly owned by Koesmiati Sari, Christine Budiman, Andrew Budiman, Jack Budiman and Wilson Budiman, the trustees who have the right to execute the activities concerning shares of the Bank.

Perubahan jumlah saham beredar sejak tanggal 1 Januari 2013 hingga 31 Desember 2014 adalah sebagai berikut:

Changes in the number of shares since January 1, 2013 until December 31, 2014 are as follow:

Lembar/Shares Saldo 1 Januari dan 31 Desember 2013 Dividen saham

2.850.000 1.200.000

Balance as of January 1 and December 31, 2013 Stock dividends

Saldo 31 Desember 2014

4.050.000

Balance as of December 31, 2014

- 76 -


173



25. TAMBAHAN MODAL DISETOR

25. ADDITIONAL PAID-IN CAPITAL

Akun ini terdiri dari:

This account consists of: 2014 dan/and 2014 Rp

Agio saham Selisih nilai transaksi restrukturisasi entitas sepengendali

116.788.145.625 (13.631.394.437)

Additional paid-in capital Differences in value of restructuring transactions among entities under common control

Jumlah

103.156.751.188

Total

26. BUNGA YANG DIPEROLEH

26. INTEREST EARNED 2014 Rp

Rupiah Dimiliki hingga jatuh tempo Efek-efek Sertifikat Bank Indonesia Obligasi Pemerintah Republik Indonesia Sub Jumlah - Dimiliki hingga jatuh tempo Pinjaman dan piutang yang diberikan Kredit Penempatan pada Bank Indonesia dan bank lain Sewa pembiayaan Anjak piutang Giro Pembiayaan konsumen Sub jumlah - Pinjaman dan piutang yang diberikan Mata uang asing Pinjaman dan piutang yang diberikan Kredit Sewa pembiayaan Wesel ekspor Penempatan pada bank lain Giro Sub jumlah - Pinjaman dan piutang yang diberikan Jumlah

2013 Rp

14.683.376.846 1.651.063.832

9.484.554.363

Rupiah Held to maturity Securities Bank Indonesia Certificate

-

Government Bonds

16.334.440.678

9.484.554.363

501.723.079.794

409.630.195.346

60.556.972.480 15.023.265.947 4.288.539.445 1.312.776.197 65.120.822

55.054.006.760 19.139.877.533 4.820.276.389 1.464.072.195 100.412.002

582.969.754.685

490.208.840.225

211.147.345.782 12.194.955.742 2.142.625.741 2.045.988.303 258.076.285

180.106.353.436 10.599.071.428 1.606.465.879 1.301.805.565 215.465.691

Loan and receivable Loans Finance leases Export draft Placements with other banks Demand deposits

227.788.991.853

193.829.161.999

Subtotal - Loan and receivable

827.093.187.216

693.522.556.587

Untuk tahun-tahun yang berakhir 31 Desember 2014 dan 2013, pendapatan bunga yang diakui dari aset keuangan yang mengalami penurunan nilai adalah masing-masing sebesar Rp 13.766.541.284 dan Rp 17.631.107.702.

Subtotal - Held to maturity Loan and receivable Loans Placement with Bank Indonesia and other banks Finance Lease Factoring Demand deposits Consumer financing

Subtotal - Loan and receivable Foreign currencies

Total

For the years ended December 31, 2014 and 2013, interest income recognized from impaired financial assets amounted to Rp 13,766,541,284 and Rp 17,631,107,702, respectively.

- 77 -


174



27. BUNGA YANG DIBAYAR

27. INTEREST INCURRED 2014 Rp

Liabilities keuangan diukur pada biaya perolehan diamortisasi Rupiah Deposito berjangka Surat berharga yang diterbitkan Simpanan dari bank lain dan pinjaman yang diterima Giro Tabungan Mata uang asing Simpanan dari bank lain dan pinjaman yang diterima Deposito berjangka Giro Jumlah

2013 Rp

119.898.561.629 42.225.000.000

100.754.271.828 57.911.875.000

86.569.549.336 6.258.814.438 104.741.604

34.232.841.112 6.559.521.544 77.571.613

44.377.950.217 6.483.345.135 978.844.481

37.632.718.909 4.316.165.428 700.732.873

306.896.806.840

242.185.698.307

28. PROVISI DAN KOMISI LAINNYA

Financial liabilities measured at amortized cost Rupiah Time deposits Securities issued Deposits from other banks and borrowings Demand deposits Savings deposits Foreign currencies Deposits from other banks and borrowings Time deposits Demand deposits Total

28. OTHER FEES AND COMMISSIONS

Pendapatan provisi dan komisi lainnya terutama berasal dari pendapatan jasa atas penerbitan bank garansi dan komisi atas transaksi ekspor impor serta jasa pengiriman uang.

Revenues from other fees and commissions mainly consist of service fees on bank guarantees commissions on trade finance issued, transactions, and fee on remittances.

29. BEBAN CADANGAN KERUGIAN PENURUNAN NILAI

29. PROVISION FOR IMPAIRMENT LOSSES

2014 Rp

ALLOWANCE

2013 Rp

Kredit (Catatan 10) Piutang sew a pembiayaan (Catatan 12) Piutang pembiayaan konsumen Anjak piutang

104.130.183.420 159.821.266 80.557 (10.020.570)

81.671.039.341 (31.153.843) (117.609) 7.387.839

Loans (Note 10) Finance leases receivable (Note 12) Consumer financing receivables Factoring

Jumlah

104.280.064.673

81.647.155.728

Total

- 78 -


FOR

175



30. BEBAN UMUM DAN ADMINISTRASI

30. GENERAL AND ADMINISTRATIVE EXPENSES 2014 Rp

Imbalan pasca kerja (Catatan 23) Sewa Honorarium tenaga ahli Penyusutan (Catatan 14) Perbaikan dan pemeliharaan Sarana informasi Pendidikan Komunikasi Amortisasi biaya software Alat-alat kantor Transportasi Asuransi Representasi Listrik, air dan gas Promosi dan iklan Pajak dan ijin Keanggotaan Lain-lain Jumlah

2013 Rp

28.893.756.675 28.487.036.955 18.590.009.045 17.607.884.684 8.449.527.634 5.700.175.786 4.936.592.096 4.550.719.986 2.780.112.602 1.856.906.614 1.768.168.655 1.535.414.331 1.415.740.502 1.191.079.499 1.119.085.144 586.739.976 483.198.151 10.762.353.070

10.992.453.631 11.691.062.102 12.343.973.226 3.844.761.590 6.023.521.215 4.943.958.854 4.124.061.113 4.140.787.341 3.201.878.454 1.988.303.552 1.538.409.077 1.813.462.397 1.073.988.786 2.659.363.456 1.651.926.159 809.989.155 600.787.762 10.293.423.709

Post-employment benefits (Note 23) Rent Professional fee Depreciation (Note 14) Repairs and maintenance Information facility Training Communication Amortization of software cost Office supplies Transportation Insurance Representation Electricity, water and gas Promotion and advertisement Taxes and licenses Membership Others

140.714.501.405

83.736.111.579

Total

31. BEBAN TENAGA KERJA

31. PERSONNEL EXPENSES 2014 Rp

2013 Rp

Gaji dan upah Tunjangan karyawan Kesejahteraan karyawan

57.145.472.349 26.089.786.323 4.565.747.332

52.965.931.399 23.924.095.692 4.355.086.689

Salaries and wages Allowances Employee's welfare

Jumlah

87.801.006.004

81.245.113.780

Total

Rincian gaji dan tunjangan atas Dewan Direksi dan Komisaris Grup adalah sebagai berikut:

Details of salaries and benefits of Group’s Board of Directors and Commissioners are as follows:

2014 Rp Gaji dan upah Tunjangan Kesejahteraan Jumlah

2013 Rp

8.984.159.745 6.197.804.136 2.182.369.893

8.119.251.708 4.658.083.061 1.976.954.265

17.364.333.774

14.754.289.034

- 79 -


Salaries and wages Allowances Welfare Total

176



32. PAJAK PENGHASILAN

32. INCOME TAX

Beban pajak terdiri dari:

Income tax expense consists of the following: 2014 Rp

2013 Rp

Pajak kini Bank Entitas anak

51.514.238.500 4.623.041.026

73.916.290.750 4.399.874.191

Sub jumlah

56.137.279.526

78.316.164.941

Pajak tangguhan Bank Entitas anak

15.481.156.145 (144.224.015)

Sub jumlah

15.336.932.130

6.890.394.640

71.474.211.656

85.206.559.581

Jumlah

6.485.235.435 405.159.205

Current tax The Bank Subsidiary Sub total Deferred tax The Bank Subsidiary Sub total Total

Pajak Kini

Current Tax

Rekonsiliasi antara laba sebelum pajak menurut laporan laba rugi komprehensif konsolidasian dengan laba kena pajak adalah sebagai berikut:

A reconciliation between income before tax per consolidated statements of comprehensive income and taxable income is as follows:

2014 Rp

2013 Rp

Laba sebelum pajak menurut laporan laba rugi komprehensif konsolidasian Laba sebelum pajak - entitas anak

279.410.115.083 (18.843.885.167)

602.179.519.173 (19.783.365.378)

Income before tax expense per consolidated statements of comprehensive income Income before tax - subsidiary

Laba sebelum pajak - Bank

260.566.229.916

582.396.153.795

Income before tax - the Bank

Perbedaan temporer Beban (pendapatan) yang tidak dapat diperhitungkan menurut fiskal

(61.924.624.580)

(25.940.941.739)

7.415.352.236

(260.790.049.018)

Temporary differences Non deductible expenses (non taxable income)

Laba kena pajak - Bank

206.056.957.572

Beban dan utang pajak kini adalah sebagai berikut:

295.665.163.038

The details of current tax expense and payable are as follows:

2014 Rp Beban pajak kini Bank Entitas anak Sub jumlah Dikurangi pembayaran pajak di muka Bank Pajak penghasilan Pasal 23 Pasal 25 Sub jumlah Entitas anak Pajak penghasilan Pasal 25

Taxable income - the Bank

2013 Rp

51.514.238.500 4.623.041.026

73.916.290.750 4.399.874.191

56.137.279.526

78.316.164.941

6.627.020 51.272.796.000

8.780.700 57.649.637.000

51.279.423.020

57.658.417.700

4.279.932.369

4.023.055.497

234.815.480

16.257.873.050

Utang pajak kini - Bank (Catatan 20) Utang pajak kini - entitas anak (Catatan 20)

343.108.657

376.818.694

Jumlah Utang Pajak

577.924.137

16.634.691.744

- 80 -


Current tax expenses The Bank Subsidiary Sub total Less prepaid taxes The Bank Income taxes Article 23 Article 25 Sub total Subsidiary Income taxes Article 25 Current tax payable - the Bank (Note 20) Current tax payable subsidiary (Note 20) Total Tax Payable

177



Laba kena pajak dan pajak penghasilan Bank tahun 2013 telah sesuai dengan Surat Pemberitahuan (SPT) yang disampaikan oleh Bank ke Kantor Pelayanan Pajak.

The taxable income and corporate income tax in 2013 are in accordance with the annual corporate income tax returns filed by the Bank to the Tax Service Office.

Entitas anak menggunakan fasilitas pengurangan pajak. Sejak tahun 2009, Pemerintah Republik Indonesia menerapkan fasilitas pengurangan tarif untuk wajib pajak badan dalam negeri dengan peredaran bruto sampai dengan Rp 50 miliar akan mendapatkan pengurangan tarif sebesar 50% dari tarif yang dikenakan atas penghasilan kena pajak dari bagian peredaran bruto sampai dengan Rp 4,8 miliar.

The subsidiary applied tariff deduction facility. Starting 2009, the Government of Republic of Indonesia enacted the tariff deduction facility, which provides that resident corporate tax payers with gross revenue up to Rp 50 billion shall receive a 50% reduction in the corporate tax rate on the taxable income for gross revenue up to Rp 4.8 billion.

Pajak Tangguhan

Deferred Tax

Rincian dan perubahan dari liabilitas tangguhan Grup adalah sebagai berikut:

1 Januari/ January 1, 2013 Rp

pajak

Dikreditkan (dibebankan) ke laporan laba rugi komprehensif/ Credited (charged) to comprehensive income Rp

The details of and changes in the Group’s deferred tax liabilities are as follows:


Dikreditkan (dibebankan) ke laporan laba rugi komprehensif/ Credited (charged) to comprehensive income Rp


Bank Liabilitas pajak tangguhan: Cadangan kerugian penurunan nilai-kredit Biaya emisi surat berharga yang diterbitkan Jumlah liabilitas pajak tangguhan Entitas anak Liabilitas pajak tangguhan

(24.187.381.543) (652.959.317)

(6.676.557.135) 191.321.700

(30.863.938.678)

(15.683.080.763)

(461.637.617)

(24.840.340.860)

(6.485.235.435)

(31.325.576.295)

(2.037.139.350)

(405.159.205)

(2.442.298.555)

Rekonsiliasi antara beban pajak dan hasil perkalian laba akuntansi dengan tarif pajak efektif yang berlaku adalah sebagai berikut:

201.924.618

(15.481.156.145)

144.224.015

(46.547.019.441) (259.712.999)

The Bank Deferred tax liabilities: Allowance for impairment losses - loans Securities issuance costs

(46.806.732.440)

Total deferred tax liabilities

(2.298.074.540)

Subsidiary Deferred tax liabilities

A reconciliation between total tax expense and the amounts computed by multiplying the prevailing effective tax rate to income before tax is as follows:

2014 Rp

2013 Rp

Laba sebelum pajak penghasilan menurut laporan laba rugi komprehensif konsolidasian Laba sebelum pajak - entitas anak

279.410.115.083 (18.843.885.167)

602.179.519.173 (19.783.365.378)

Income before tax per consolidated statements of comprehensive income Income before tax - subsidiary

Laba sebelum pajak - Bank

260.566.229.916

582.396.153.795

Income before tax - Bank

Tarif pajak yang berlaku Beban (pendapatan) yang tidak dapat menurut diperhitungkan fiskal menurut fiskal

65.141.556.729

145.599.038.449

1.853.837.916

(65.197.512.264)

Tax expense at effective tax rates Non deductible expenses (non taxable income)

Beban Pajak - Bank Beban Pajak - entitas anak

66.995.394.645 4.478.817.011

80.401.526.185 4.805.033.396

Tax Expense - Bank Tax Expenses - subsidiary

Jumlah

71.474.211.656

85.206.559.581

Total

- 81 -


178



33. LABA PER SAHAM

33. EARNINGS PER SHARE

Berikut ini data yang digunakan untuk perhitungan laba per saham dasar:

The following data was used to compute the basic earnings per share:

2014 Rp Laba bersih untuk laba per saham dasar

2013 Rp

207.934.754.222 Lembar/ Shares

Jumlah saham Jumlah rata-rata tertimbang saham biasa untuk perhitungan laba per saham dasar/dilusian

516.971.761.325 Lembar/ Shares

3.450.000

3.450.000

Net income for the computation of basic earnings per share

Number of shares Weighted average outstanding common shares for computation of basic/diluted earnings per share

Pada tahun 2013, jumlah rata-rata tertimbang saham biasa yang dimiliki disesuaikan secara proporsional (dari 2.850.000 lembar menjadi 3.450.000 lembar saham) seakan-akan dividen saham telah dibagikan pada tanggal penyajian paling awal (Catatan 24).

In 2013, the number of weighted average ordinary shares outstanding is adjusted proportionately (from 2,850,000 shares to 3,450,000 shares) as if the stock dividends had taken place at the earliest period presented (Note 24).

Laba per saham dilusian sama dengan laba per saham dasar untuk tahun-tahun yang berakhir 31 Desember 2014 dan 2013, karena tidak ada potensi dilusi saham pada tanggal pelaporan.

The diluted earnings per share are same with the basic earning per share for the years ended December 31, 2014 and 2013, as there are no potential dilutive shares as of reporting date.

34. DIVIDEN TUNAI DAN CADANGAN UMUM

34. DIVIDENDS AND GENERAL RESERVE

a.

Berdasarkan Risalah Rapat Umum Pemegang Saham Tahunan No. 13 tanggal 30 Juni 2014, pemegang saham menyetujui untuk membagikan dividen tunai, dividen saham dan pembentukan cadangan umum untuk tahun buku 2013 masing-masing sebesar Rp 100.320.000.000, Rp 120.000.000.000 dan Rp 286.674.227.611.

a.

Based on the Annual General Meeting of Stockholders as stated in deed No. 13 dated June 30, 2014, the shareholders had approved the distribution of Rp 100,320,000,000 cash dividends, Rp 120,000,000,000 stock dividends for the 2013 financial year and the appropriation of Rp 286,674,227,611 for general reserve.

b.

Berdasarkan Risalah Rapat Umum Pemegang Saham Tahunan No. 206/Sek-Dir/PL/VI/2013 tanggal 24 Juni 2013, pemegang saham menyetujui untuk membagikan dividen tunai dan pembentukan cadangan umum untuk tahun buku 2012 masing-masing sebesar Rp 70.024.500.000 dan Rp 248.594.758.000.

b.

Based on the Annual General Meeting of Stockholders as stated in deed No. 206/Sek-Dir/PL/VI/2013 dated June 24, 2013, the shareholders had approved the distribution of Rp 70,024,500,000 cash dividends for the 2012 financial year and the appropriation of Rp 248,594,758,000 for general reserve.

35. SIFAT, TRANSAKSI DAN SALDO DENGAN PIHAK-PIHAK BERELASI

35. NATURE OF RELATIONSHIP AND TRANSACTIONS WITH RELATED PARTIES

Sifat Berelasi

Nature of Relationship

Pihak berelasi adalah sebagai berikut:

Related parties are as follows:

1.

Resona Bank Ltd., Tokyo, dan William Budiman merupakan pemegang saham Bank.

1.

Resona Bank Ltd., Tokyo, and William Budiman are the shareholders of the Bank.

2.

Saitama Resona Bank Ltd., pemegang saham utamanya sama dengan pemegang saham utama Bank.

2.

Saitama Resona Bank Ltd., the ultimate shareholder is the same as the Bank’s ultimate shareholder.

3.

The Bank of East Asia, Ltd. merupakan pemegang saham utama dari East Asia Indonesian Holdings, Ltd., yang merupakan salah satu pemegang saham Bank.

3.

The Bank of East Asia, Ltd. is the ultimate shareholder of East Asia Indonesian Holdings, Ltd., one of the shareholders of the Bank.

- 82 -


179



Transaksi dengan Pihak Berelasi

Transactions with Related Parties

Dalam kegiatan usahanya, Bank juga mengadakan transaksi-transaksi tertentu dengan pihak-pihak berelasi. Transaksi-transaksi tersebut meliputi:

In the normal course of business, the Bank entered into certain transactions with related parties. These transactions included the following:

1. Giro pada bank lain dan penerimaan bunga (Catatan 6 dan 26).

1. Demand deposits with other banks and receipt of interest (Notes 6 and 26).

2. Simpanan, simpanan dari bank lain dan pembayaran bunga (Catatan 17, 18 dan 27).

2. Deposits, deposits from other banks and payment of interest (Notes 17, 18 and 27).

3. Pinjaman yang diterima dan pembayaran bunga (Catatan 21 dan 27).

3. Borrowings and payment of interest (Notes 21 and 27).

Persentase saldo giro pada bank lain dari pihak berelasi terhadap jumlah aset pada tahun 2014 dan 2013 masing-masing sebesar 0,21% dan 0,04%.

The percentage of balance of demand deposit with other banks from related parties to total assets in 2014 and 2013 are 0.21% and 0.04%, respectively.

Persentase saldo masing-masing liabilitas kepada pihak berelasi terhadap jumlah liabilitas adalah sebagai berikut:

The percentage of balance of each liability to related parties to total liabilities are as follows:

2014 %

2013 %

Simpanan Simpanan dari bank lain Pinjaman yang diterima

0,004 0,022 24,10

0,002 0,011 23,21

Deposits Deposits from other banks Borrowings

Jumlah

24,13

23,22

Total

Persentase bunga yang diperoleh dari pihak berelasi terhadap jumlah pendapatan bunga pada tahun 2014 dan 2013 masing-masing sebesar nihil dan 0,01%.

The percentage of interest earned from related parties to total interest revenue in 2014 and 2013 are nil and 0.01%, respectively.

Persentase bunga yang dibayar kepada pihak berelasi terhadap jumlah beban bunga pada tahun 2014 dan 2013 masing-masing sebesar 8,20% dan 7,72%.

The percentage of interest incurred from related parties to total interest expenses in 2014 and 2013 are 8.20% and 7.72%, respectively.

36. KOMITMEN DAN KONTINJENSI

KOMITMEN Tagihan Komitmen Pihak ketiga Fasilitas pinjaman diterima dari bank-bank lain yang belum digunakan Pembelian valuta asing tunai yang belum diselesaikan dan derivatif Jumlah Tagihan Komitmen Liabilitas Komitmen Pihak ketiga Fasilitas kredit kepada debitur yang belum digunakan Irrevocable letters of credit Penjualan valuta asing tunai yang belum diselesaikan dan derivatif Jumlah Liabilitas Komitmen Tagihan Komitmen - Bersih

36. COMMITMENTS AND CONTINGENCIES 2014 Rp

2013 Rp

1.228.875.000.000

1.577.850.000.000

909.388.092.675 2.138.263.092.675

822.685.935.424 2.400.535.935.424

164.818.698.136 243.492.194.130

119.140.366.337 286.484.970.141

1.043.468.012.671 1.451.778.904.937

592.300.649.502 997.925.985.980

686.484.187.738

1.402.609.949.444

- 83 -


COMMITMENTS Commitment Receivables Third parties Unused credit facilities received from other banks Unsettled spot foreign currencies bought and derivative Total Commitment Receivables Commitment Liabilities Third parties Unused credit facilities granted Irrevocable letters of credit Unsettled spot foreign currencies sold and derivative Total Commitment Liabilities Commitment Receivables - Net

180



2014 Rp KONTINJENSI Tagihan Kontinjensi Pihak ketiga Pendapatan bunga dalam penyelesaian

2013 Rp

29.800.127.326

9.557.261.109

CONTINGENCIES Contingent Receivables Third parties Interest receivables on non-performing loans

Liabilitas Kontinjensi Pihak ketiga Bank garansi yang diterbitkan

622.842.319.337

228.970.967.196

Contingent Liabilities Third parties Bank guarantees issued

Liabilitas Kontinjensi - Bersih

593.042.192.011

219.413.706.087

Contingent Liabilities - Net

93.441.995.727

1.183.196.243.357

Jumlah Tagihan Komitmen - Bersih

37. JATUH TEMPO KEUANGAN

ASET

DAN

LIABILITAS

37.

Analisa jatuh tempo aset dan liabilitas keuangan (sebelum dikurangi cadangan kerugian penurunan nilai) menurut kelompok jatuh temponya berdasarkan periode yang tersisa, terhitung sejak tanggal 31 Desember 2014 dan 2013 sampai dengan tanggal jatuh tempo adalah sebagai berikut:

Total Commitment Receivables - Net

MATURITIES OF FINANCIAL ASSETS AND LIABILITIES The analysis of maturities of financial assets and liabilities (gross of allowance for impairment losses) based on remaining terms until maturity calculated from December 31, 2014 and 2013 are as follows: 2014

Aset Keuangan/Financial Assets Tanpa suku bunga/Without interest: Kas/Cash Giro pada Bank Indonesia/Demand deposits with Bank Indonesia Giro pada Bank lain/Demand deposits with other banks Tagihan deriv atif / Derivative receivables Tagihan akseptasi/ Acceptances receivable Aset lain-lain/Other assets Suku bunga v ariabel/Variable interest rate: Kredit/Loans Piutang sewa pembiay aan/ Finance lease receivables Piutang pembiay aan konsumen/ Consumer financing receivables Tagihan anjak piutang/Factoring receivable Suku bunga tetap/Fixed interest rate: Penempatan pada Bank Indonesia dan bank lain /Placement with Bank Indonesia and other banks Giro pada Bank Indonesia/Demand deposits with Bank Indonesia Ef ek-ef ek/Securities Kredit/Loans Jumlah aset keuangan/Total financial assets

> 1 bulan s/d 3 bulan/ > 1 month 3 months Rp

> 3 bulan s/d 12 bulan/ > 3 months 12 months Rp

> 1 tahun s/d 5 tahun/ > 1 year 5 years Rp

> 5 tahun/ > 5 years Rp

18.648.985.310

-

-

-

-

18.648.985.310

795.015.507.578

-

-

-

-

795.015.507.578

-

-

772.677.864.834

Sampai dengan 1 bulan/1 month or less Rp

772.677.864.834

-

-

2.756.367.911

3.562.558.464

8.905.614.639

105.222.783.188 12.927.086.340

66.239.585.666 -

21.368.701.370 -

548.399.366.332

530.332.353.141

1.665.676.701.169

26.170.665.065

-

-

264.011.771 -

-

-

989.841.912.874

-

-

1.874.837.513 5.958.365.907.856 286.165.812.113 -

1.090.635.039.140

Jumlah/ Total Rp

-

17.099.378.527

-

192.831.070.224 12.927.086.340

1.637.002.379.516

10.339.776.708.014

-

312.336.477.178

-

264.011.771 -

-

2.080.476.952.014

81.997.932.500 90.735.951.112 -

33.617.040.693 -

48.990.937.687 91.951.760.266

89.773.221.320 147.504.218.419

69.632.414.488 19.900.785.404

81.997.932.500 332.749.565.300 259.356.764.089

3.444.658.434.815

633.751.537.964

1.836.893.715.131

7.574.319.036.361

1.726.535.579.408

15.216.158.303.679

1.443.926.956 1.815.914.784 105.222.783.188 544.737.147

2.612.502.715 66.239.585.666 -

6.064.275.310 21.368.701.370 -

231.397.397 -

-

1.443.926.956 10.724.090.206 192.831.070.224 544.737.147

3.459.642.379.039 596.040.510.000

471.550.000.000

1.957.750.000.000

1.368.846.600.000

-

3.459.642.379.039 4.394.187.110.000

-

13.755.946.941

-

2.993.498.341.272 750.000.000.000

-

288.095.512.259

-

448.961.148.004

Liabilitas Keuangan/Financial Liabilities Tanpa suku bunga/Without interest: Liabilitas segera/Liabilities payable immediately Liabilitas deriv atif /Derivative liabilities Liabilitas akseptasi/Acceptance payables Liabilitas lain-lain/Other liabilities Suku bunga v ariabel/Variable interest rate: Simpanan/Deposits Pinjaman diterima/Borrowings Biay a y ang masih harus dibay ar/Accrued expenses Suku bunga tetap/Fixed interest rate: Simpanan/Deposits Pinjaman diterima/Borrowings Simpanan dari bank lain/ Deposits from other banks Surat berharga y ang diterbitkan/ Securities Issued Biay a y ang masih harus dibay ar/Accrued expenses Jumlah liabilitas keuangan/Total financial liabilities Selisih/Difference

13.755.946.941 2.170.542.090.869 288.095.512.259 36.857.881.843 6.673.961.683.026 (3.229.303.248.211)

687.304.018.807 1.227.706.107.188 (593.954.569.224)

135.652.231.596 100.000.000.000 299.307.432.003 2.520.142.640.279 (683.248.925.148)

- 84 -


650.000.000.000 149.653.716.001 -

-

36.857.881.843

2.168.731.713.398

-

12.590.542.143.891

5.405.587.322.963

1.726.535.579.408

2.625.616.159.788

181


P.T. BANK RESONA PERDANIA AND ITS SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 (Continued) 2013

Aset Keuangan/Financial Assets Tanpa suku bunga/Without interest: Kas/Cash Giro pada Bank Indonesia/Demand deposits with Bank Indonesia Giro pada Bank lain/Demand deposits with other banks Tagihan deriv atif / Derivative receivables Tagihan akseptasi/ Acceptances receivable Aset lain-lain/Other assets Suku bunga v ariabel/Variable interest rate: Kredit/Loans Piutang sewa pembiay aan/ Finance lease receivables Piutang pembiay aan konsumen/ Consumer financing receivables Tagihan anjak piutang/Factoring receivable Suku bunga tetap/Fixed interest rate: Penempatan pada Bank Indonesia dan bank lain/ Placement with Bank Indonesia and other banks Giro pada Bank Indonesia/Demand deposits with Bank Indonesia Ef ek-ef ek/Securities Kredit/Loans Piutang sewa pembiay aan/ Finance lease receivables Jumlah aset keuangan/Total financial assets


> 3 bulan s/d 12 bulan/ > 3 months 12 months Rp

> 1 tahun s/d 5 tahun/ > 1 year 5 years Rp

> 5 tahun/ > 5 years Rp

25.246.649.960

-

-

-

-

25.246.649.960

786.922.935.723

-

-

-

-

786.922.935.723

-

-

858.995.147.749


858.995.147.749

-

-

5.184.650.046

7.492.121.000

21.065.750.612

71.100.744.453 7.729.748.206

93.904.306.775 26.607.266.781

24.850.630.961 -

194.632.436.529

713.612.061.701

1.503.793.379.625

28.629.874.984 -

-

1.395.777.081.184 87.587.880.000 22.611.490.758 282.250.958.387 -

8.481.184.889 482.697.246.286 -

38.402.449.215

239.617.647.793 361.082.807.553 -

3.252.311.943 3.273.253.811.526

Jumlah/ Total Rp

-

36.994.833.601

-

189.855.682.189 34.337.014.987

1.912.301.505.998

7.597.593.195.379

300.521.365.126

-

329.151.240.110

572.869.935 -

-

572.869.935 38.402.449.215

-

1.724.367.081.184

328.590.000.000 575.830.835.456 462.295.087

3.766.669.597.979

1.332.794.187.432

2.188.812.665.759

4.482.483.489.073

2.967.330.086 2.245.822.322 71.100.744.453 1.045.347.558

5.239.686.306 93.904.306.775 -

14.066.808.699 24.850.630.961 -

1.718.660.305 -

3.471.804.014.338 376.415.057.500

100.000.000.000

2.555.516.197.500

550.096.170.000

411.938.507.175 2.324.240.013.173

87.587.880.000 270.710.323.440 2.113.800.354.857 462.295.087 14.094.999.953.416

Liabilitas Keuangan/Financial Liabilities Tanpa suku bunga/Without interest: Liabilitas segera/Liabilities payable immediately Liabilitas deriv atif /Derivative liabilities Liabilitas akseptasi/ Acceptance payables Liabilitas lain-lain/Other liabilities Suku bunga v ariabel/Variable interest rate: Simpanan/Deposits Pinjaman diterima/Borrowings Biay a y ang masih harus dibay ar/Accrued expenses Suku bunga tetap/Fixed interest rate: Simpanan/Deposits Pinjaman diterima/Borrowings Simpanan dari bank lain/ Deposits from other banks Surat berharga y ang diterbitkan/ Securities Issued Biay a y ang masih harus dibay ar/Accrued expenses Jumlah liabilitas keuangan/Total financial liabilities Selisih/Difference

8.293.689.471

-

2.971.254.155.039 1.569.570.000

317.357.298.545 250.000.000.000

305.570.269.585

60.850.000.000

-

-

33.201.603.305

-

7.245.467.603.657

827.351.291.626

(3.478.798.005.678)

505.442.895.806

20.008.162.976 1.111.200.000 2.615.553.000.136 (426.740.334.377)

- 85 -


304.250.000

2.967.330.086 23.270.977.632 189.855.682.189 1.045.347.558 3.471.804.014.338 3.582.331.675.000

-

-

8.293.689.471

-

-

3.308.619.616.560 252.680.770.000

448.153.449.532 -

-

366.420.269.585

-

448.153.449.532

-

33.201.603.305

999.968.279.837

304.250.000

11.688.644.425.256

3.482.515.209.236

2.323.935.763.173

2.406.355.528.160

182



38. ASET DAN LIABILITAS MONETER DALAM MATA UANG ASING

38. MONETARY ASSETS AND LIABILITIES DENOMINATED IN FOREIGN CURRENCIES

Posisi aset dan liabilitas moneter dalam mata uang asing pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut:

Following are the balances of monetary assets and liabilities denominated in foreign currencies as of December 31, 2014 and 2013: 2014

Mata Uang Asing/ Foreign currency

2013

Ekuivalen dalam/ Equivalent in Rp



Aset/Assets Kas/Cash Giro pada Bank Indonesia/ Demand deposits with Bank Indonesia Giro pada bank lain/ Demand deposits with other banks

Penempatan pada bank lain/ Placements with other banks - Deposito/Time deposits Efek-efek/Securities - Wesel ekspor/Export bills Tagihan derivatif/Derivative receivables Kredit/Loans Tagihan akseptasi/Acceptances receivables

Piutang sew a pembiayaan/ Finance lease receivables Bunga yang masih akan diterima/ Accrued interest receivable Aset lain-lain/Other assets

USD JPY

408.982 2.674.000

5.065.242.070 2.140.999.440

498.103 21.237.000

6.061.913.510 2.458.182.750

USD

51.000.000

631.635.000.000

51.000.000

620.670.000.000

USD JPY SGD EUR THB GBP AUD HKD

40.351.006 2.435.577.861 1.277.206 441.878 3.452.658 18.761 5.458 12.637

499.747.207.824 252.228.443.285 11.975.079.706 6.651.590.738 1.301.652.055 361.865.061 55.384.029 20.180.762

49.632.993 2.070.964.714 492.875 332.332 11.341.608 17.559 6.361 7.178

604.033.524.931 239.714.165.646 4.742.447.484 5.569.557.351 4.207.736.427 353.121.206 69.049.697 11.270.151

USD

88.060.964

1.090.635.039.140

27.000.000

328.590.000.000

USD EUR JPY THB USD USD JPY USD JPY SGD EUR USD JPY

5.203.197 74.044.245 178.985 505 412.151.061 2.093.757.897 12.534.163 265.079.400 143.000 15.147.652 59.421.946

64.441.589.133 7.668.022.013 67.477.460 6.249.011 5.104.490.899.282 216.829.567.838 155.235.610.117 27.451.622.664 1.340.768.000 187.603.671.258 6.153.736.728

2.571.699 33.443 20.792.037 433.055.067 2.839.374.209 13.849.979 125.494.092 530.840 99.514 15.765.167 115.036.622

31.297.579.914 560.478.760 2.406.678.271 5.270.280.159.928 328.657.564.692 168.554.247.959 14.525.941.149 5.107.742.480 1.667.750.601 191.862.074.966 13.315.488.997

USD JPY USD EUR JPY

250.930 7 775.255 5.544 6.904

3.107.763.549 725 9.434.853.740 92.915.396 799.173

330.285 858 566.719 6.173 13.002

4.019.570.054 99.314 6.896.974.246 103.445.765 1.504.982

Jumlah aset sebelum cadangan kerugian penurunan nilai/ Total assets before allowance for impairment losses Cadangan kerugian penurunan nilai /Allowance for impairment losses

8.285.743.230.197 USD JPY

(761.462) (2.085.551)

Jumlah cadangan kerugian penurunan nilai/ Total allowance for impairment losses

(9.430.704.961) (215.979.662) (9.646.684.623)

Jumlah aset/Total assets

8.276.096.545.574

- 86 -


7.855.738.271.231 (549.948) (1.228.005)

(6.692.862.401) (142.141.579) (6.835.003.980) 7.848.903.267.251

183



Liabilitas segera/ Liabilities payable immediately Giro/Demand deposits

Deposito berjangka/Time deposits Penempatan dari bank lain/Call Money Pinjaman yang diterima/Borrowings Liabilitas derivatif/Derivative liabilities

Liabilitas akseptasi/ Acceptances payable Utang pajak/Taxes payable Biaya masih harus dibayar/ Accrued expenses Liabilitas lain-lain/Other liabilities

JPY USD SGD JPY USD THB SGD EUR AUD USD JPY USD USD JPY JPY THB USD USD JPY SGD EUR USD JPY USD JPY USD JPY




3.996.357 62.273 3.416.444.056 177.702.046 2.415.869 1.278.784 358.862 1.283 84.326.936 1.183.439.766 23.000.000 313.926.000 60.000.000 71.438.475 47.409 11 12.534.163 265.079.400 143.000 6.670 17.046 1.105.420 177.509 547.305 506.131

413.862.731 771.248.380 353.806.946.439 2.200.839.835.252 910.782.583 11.989.875.221 5.401.954.503 13.016.434 1.044.389.108.552 122.557.022.167 284.855.000.000 3.887.973.510.000 6.213.600.000 7.398.168.471 17.737.591 135.135 155.235.610.117 27.451.622.664 1.340.768.000 82.602.376 1.765.284 13.690.623.390 18.382.831 6.778.371.196 52.414.924

18.440.908 43.322 1.274 3.221.759.689 177.471.458 10.328.452 496.567 371.801 1.294 107.251.469 1.700.170.956 30.000.000 276.877.500 133.160.000 22.825.350 13.849.979 125.494.092 530.840 99.514 8.212 8 720.847 231.695 483.550 758.210

2.134.535.101 527.230.566 12.255.060 372.918.684.003 2.159.827.644.956 3.831.855.636 4.777.968.636 6.231.007.428 14.046.034 1.305.250.377.973 196.794.788.157 365.100.000.000 3.369.599.175.000 15.413.270.000 2.642.034.280 168.554.247.959 14.525.941.149 5.107.742.480 1.667.750.601 99.941.013 926 8.772.710.779 26.818.678 5.884.804.042 87.762.806

Jumlah liabilitas/Total liabilities

8.132.203.964.241

Aset - Bersih/Net Total Asset

143.892.581.333

Kurs konversi yang digunakan Bank pada tanggal 26 Maret 2015, 31 Desember 2014 dan 2013, menggunakan kurs Reuters jam 16.00 WIB sebagai berikut: Mata Uang Asing USD 1 SGD 1 GBP 1 EUR 1 JPY 1 CHF 1 HKD 1 AUD 1 THB 1

2013


26 Maret/March 26, 2015 Rp 13.017,00 9.541,00 19.471,00 14.360,00 109,84 13.679,00 1.679,00 10.246,00 400,00

8.009.802.593.263 (160.899.326.012)

The conversion rates used as of March 26, 2015, December 31, 2014 and 2013 were Reuters’ rates as of 4:00 PM Western Indonesian Time with details as follows: 31 Desember/December 31, 2014 2013 Rp Rp 12.385,00 9.376,00 19.288,00 15.053,00 103,56 12.516,00 1.597,00 10.148,00 377,00

- 87 -


12.170,00 9.622,00 20.111,00 16.759,00 115,75 13.674,00 1.570,00 10.856,00 371,00

Foreign Currency USD 1 SGD 1 GBP 1 EUR 1 JPY 1 CHF 1 HKD 1 AUD 1 THB 1

184



39. KLASIFIKASI DAN NILAI WAJAR ATAS ASET DAN LIABILITAS KEUANGAN

39. CLASSIFICATIONS AND FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES The following table summarises the carrying amounts and fair values of those financial assets and liabilities.

Tabel di bawah ini menunjukkan nilai tercatat dan nilai wajar dari aset dan liabilitas keuangan. 2014 Catatan/ Notes

Aset keuangan Dimiliki hingga jatuh tempo Efek-efek Diperdagangkan Tagihan derivatif Pinjaman yang diberikan dan piutang Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek Kredit Tagihan akseptasi Piutang sew a pembiayaan Piutang pembiayaan konsumen Tagihan anjak piutang Aset lain-lain

Diperdagangkan Liabilitas derivatif Jumlah Liabilitas Keuangan

2013 Nilai w ajar/ Fair value Rp

Nilai tercatat/ Carrying amount Rp

Nilai w ajar/ Fair value Rp

8

268.307.976.167

268.307.976.167

238.852.264.766

238.852.264.766

9

17.099.378.527

17.099.378.527

36.994.833.601

36.994.833.601

5 6 7 8 10 11 12

15

Jumlah Aset Keuangan Liabilitas keuangan Biaya perolehan diamortisasi Liabilitas segera Simpanan Simpanan dari bank lain Liabilitas akseptasi Surat berharga yang diterbitkan Pinjaman yang diterima Biaya yang masih harus dibayar Liabilitas lain-lain

Nilai tercatat/ Carrying amount Rp

16 17 18 11 19 21 22

18.648.985.310 877.013.440.078 772.677.864.834

18.648.985.310 877.013.440.078 772.677.864.834

25.246.649.960 874.510.815.723 858.995.147.749

25.246.649.960 874.510.815.723 858.995.147.749

2.080.476.952.014 64.441.589.133 10.419.820.008.380 192.831.070.224 312.055.667.711 263.773.474 12.927.086.340

2.080.476.952.014 64.441.589.133 10.599.133.472.103 192.831.070.224 312.336.477.178 264.011.771 12.927.086.340

1.724.367.081.184 31.989.235.249 9.636.097.661.625 189.855.682.189 329.495.105.379 572.712.195 38.392.428.645 34.337.014.987

1.724.367.081.184 31.989.235.249 9.711.393.550.236 189.855.682.189 329.613.535.197 572.869.935 38.402.449.215 34.337.014.987

15.036.563.792.192

15.216.158.303.679

14.019.706.633.252

14.095.131.129.991

1.443.926.956 6.453.140.720.311 288.095.512.259 192.831.070.224 448.961.148.004 5.144.187.110.000 50.613.828.784 544.737.147

1.443.926.956 6.453.140.720.311 288.095.512.259 192.831.070.224 448.961.148.004 5.144.187.110.000 50.613.828.784 544.737.147

2.967.330.086 6.780.423.630.898 366.420.269.585 189.855.682.189 448.153.449.532 3.835.012.445.000 41.495.292.776 1.045.347.558

2.967.330.086 6.780.423.630.898 366.420.269.585 189.855.682.189 448.153.449.532 3.835.012.445.000 41.495.292.776 1.045.347.558

10.724.090.206

10.724.090.206

23.270.977.632

23.270.977.632

12.590.542.143.891

12.590.542.143.891

11.688.644.425.256

11.688.644.425.256

Financial asset Held-to-maturity Securities Trading Derivative receivables Loans and receivable Cash Demand deposits w ith Bank Indonesia Demand deposits w ith other banks Placement w ith Bank Indonesia and other banks Securities Loans Acceptance receivables Finance lease receivables Consumer financing receivables Factoring receivables Other assets Total Financial Assets Financial liabilities Amortized cost Liabilities payable immediately Deposits Deposits from other bank Acceptance payables Securities issued Borrow ings Subordinated bonds Other liabilities Trading Derivative payables Total Financial Liabilities

Nilai tercatat aset keuangan yang menghasilkan bunga dan nilai tercatat liabilitas yang berbunga adalah sebesar Rp 13.406.958.410.866 dan pada tanggal Rp 12.384.998.319.358 31 Desember 2014 dan Rp 12.162.647.689.207 dan pada tanggal Rp 11.471.505.090.791 31 Desember 2013.

The carrying amount of the interest bearing financial assets and liabilities amounted to Rp 13,406,958,410,866 and Rp 12,384,998,319,358, respectively as of December 31, 2014 and Rp 12,162,647,689,207 and Rp 11,471,505,090,791, respectively as of December 31, 2013.

Aset atau liabilitas yang memiliki suku bunga tetap terpapar risiko suku bunga atas nilai wajar (fair value interest rate risk), sedangkan aset atau liabilitas yang memiliki suku bunga mengambang terpapar risiko suku bunga atas arus kas (cash flow interest rate risk).

Asset or liabilities arranged at fixed interest rate are exposed to fair value interest risk, meanwhile asset or liability arranged at floating interest rates are exposed to cash flow interest rate risk.

Nilai wajar mendekati nilai tercatatnya karena memiliki sifat jangka pendek dan atau sering dilaksanakan re-pricing.

Fair value approximates the carrying value because of short term in nature, and/or repricing frequently.

- 88 -


185



40. MANAJEMEN RISIKO

40. RISK MANAGEMENT

Dewan Direksi Bank mempunyai tanggung jawab utama dalam mengelola dan mengawasi berbagai macam risiko yang dihadapi oleh Grup. Direksi telah menetapkan Komite Aset dan Liabilitas, Komite Kredit dan Komite Manajemen Risiko yang bertanggung jawab terhadap pengembangan dan pengawasan kebijakan manajemen risiko Bank di bidangnya masing-masing. Seluruh komite memiliki anggota eksekutif dan non eksekutif dan melaporkan aktivitasnya secara berkala kepada Dewan Direksi.

The Bank’s Board of Directors has primary responsibility for managing and overseeing a wide range of risks faced by the Group. Board of Directors has set the Asset and Liability Committee, Credit Committee and Risk Management Committee which are responsible for policy development and oversight of risk management in their respective fields. All the committees have executive and non-executive members and regularly report their activities to the Board of Directors.

Bank menerapkan manajemen risiko yang independen dan sesuai dengan standar yang merujuk pada ketentuan Bank Indonesia serta best yang diterapkan di perbankan practices internasional.

The Bank applies independent risk management in accordance with the requirement of Bank Indonesia regulations and the international best practices in banking industry.

Bagian Manajemen Risiko bersama-sama unit kerja terkait bertanggung jawab dalam mengelola/mengkoordinasikan seluruh risiko yang dihadapi Bank, yaitu risiko kredit, risiko pasar, risiko operasional, risiko likuiditas, risiko hukum, risiko reputasi, risiko stratejik dan risiko kepatuhan, termasuk membahas dan mengusulkan kebijakan dan pedoman pengelolaan risiko.

Together with the related working unit, Risk Management Division is responsible for managing/coordinating all of the risks face by the Bank, namely credit risk, market risk, operational risk, liquidity risk, legal risk, reputation risk, strategic risk and compliance risk, including to discuss and propose risk management policy and guidelines.

Seluruh risiko tersebut dilaporkan Bank melalui penyusunan laporan profil risiko secara triwulanan untuk menggambarkan seluruh risiko yang melekat dalam kegiatan bisnis Bank, termasuk risiko entitas anak secara konsolidasian.

All these risks are reported by the Bank through the preparation of the risk profile report on a quarterly basis to describe all the inherent risks in the Bank's business activities, including the consolidated risk of a subsidiary.

Tim manajemen risiko membantu Dewan Direksi untuk memastikan bahwa risiko telah dikelola dengan benar dan berdasarkan prinsip kehatihatian. Grup juga telah membuat kebijakankebijakan untuk mengatur dan memantau risikorisiko berikut:

Risk management team assists the Board of Directors to ensure that risks are managed properly and are in line with prudential principles. The Group also have created policies to regulate and monitor the following risks:

RISIKO KREDIT

CREDIT RISK

Risiko kredit adalah risiko akibat kegagalan debitur dan/atau pihak lain dalam memenuhi kewajiban kepada Bank. Risiko kredit dapat bersumber dari berbagai aktivitas bisnis Bank. Pemberian kredit merupakan sumber risiko kredit yang terbesar. Selain kredit, Bank menghadapi risiko kredit dari berbagai instrumen keuangan seperti surat berharga, akseptasi, transaksi antar bank, transaksi pembiayaan perdagangan, transaksi nilai tukar dan derivatif, serta kewajiban komitmen dan kontinjensi.

Credit risk is the risk due to failure of the debtor and/or other parties to fulfill the obligations to the Bank. Credit risk can be derived from the Bank's business activities. Lending is the biggest source of credit risk. In addition to credit, the Bank faces credit risk from various financial instruments such as securities, acceptances, interbank transactions, trade financing transactions, foreign exchange and derivatives transactions, as well as commitments and contingent liabilities.

Risiko kredit dapat meningkat karena terkonsentrasinya penyediaan dana, antara lain pada debitur, wilayah geografis, produk, jenis pembiayaan, atau lapangan usaha tertentu. Risiko ini lazim disebut risiko konsentrasi kredit.

Credit risk may increase due to concentration of provision of funds, among others, by debtor, geographic, product, type of financing, or a particular business line. This risk is commonly called concentrations risk of credit.

- 89 -


186



Secara umum eksposur risiko kredit merupakan salah satu eksposur risiko utama sehingga kemampuan Bank untuk mengidentifikasi, mengukur, memantau, dan mengendalikan risiko kredit serta menyediakan modal yang cukup bagi risiko tersebut sangat penting.

Generally, credit risk exposure is one of the major risk exposures, so the Bank’s ability to identify, measure, monitor, and control credit risk as well as provide sufficient capital for these risks is very important.

Penerapan manajemen risiko kredit tidak hanya ditujukan untuk menempatkan Bank sebagai bank yang patuh terhadap regulasi, namun merupakan suatu tuntutan manajemen untuk menerapkan sistem pengelolaan risiko kredit yang baik dan sesuai dengan praktek di perbankan untuk memastikan bahwa aktivitas penyediaan dana tidak terekspos pada risiko kredit yang dapat menimbulkan kerugian pada Bank. Penerapan manajemen risiko yang dilakukan tidak hanya bertujuan untuk mencegah terjadinya penurunan kualitas kredit, namun juga diharapkan mampu mendorong kegiatan bisnis Bank.

Credit risk management is not only intended to put the Bank as a bank that adheres to regulations, but is a management’s demand to implement a good credit risk management which is in accordance with banking practices to ensure that funds are not exposed to credit risk that may cause losses to the Bank. Application of risk management is not only aimed to prevent the decline in credit quality, but also expected to encourage Bank’s business activities.

Untuk memastikan penurunan kualitas kredit dapat diketahui lebih awal, maka portofolio kredit harus secara aktif dipantau dan dimitigasi melalui implementasi strategi remediasi dalam menyelesaikan kredit bermasalah yang dipantau secara berkelanjutan antar Seksi/Bagian terkait termasuk unit kerja recovery, yaitu Credit Monitoring and Recovery Section (CMRS).

To ensure that credit quality deterioration can be detected early, the loan portfolio should be actively monitored and mitigated through the implementation of remediation strategies in solving non-performing loans, which is monitored on an ongoing basis between the related sections/divisions including Credit Monitoring and Recovery Section (CMRS).

Mulai tahun 2012 Bank telah menghitung Aset Tertimbang Menurut Risiko (ATMR) risiko kredit pada tahun 2012 sesuai dengan Surat Edaran Bank Indonesia No.13/6/DPNP tanggal 18 Februari 2011 perihal Pedoman Perhitungan Aset Tertimbang Menurut Risiko untuk Risiko Kredit dengan Menggunakan Metode Standar.

Since 2012, the Bank is required to calculate Risk Weighted Assets (RWA) of credit risk in accordance to Bank Indonesia Circular Letter No.13/6/DPNP dated February 18, 2011 regarding Guidelines for Calculation of Risk Weighted Assets for Credit Risk Using Standard Methods.

Untuk memantau kualitas dan menguji elastisitas kualitas portofolio (NPL dan Yield) terhadap perubahan variabel-variabel ekonomi yang dapat berdampak pada kecukupan modal Bank, Bank secara rutin (setiap 6 bulan) maupun ad hoc melakukan stress test terhadap seluruh portofolio kredit baik per kelompok debitur besar, segmen bisnis, industri maupun produk dengan berbagai skenario. Dengan stress test ini, Bank dapat mengantisipasi lebih awal dan mengambil langkahlangkah pengendalian portofolio dan solusi yang paling optimal sebagai strategi jangka pendek maupun jangka panjang. Dengan demikian, kualitas portofolio kredit dan kecukupan modal Bank terjaga dengan baik.

To monitor the quality and test the elasticity of the portfolio quality (NPL and Yield) against the changes in economic variables that may impact the Bank’s capital adequacy, the Bank on a regular basis (every 6 months) and ad hoc, runs stress test on the entire loan portfolio both by the large debtor, segment of business, industry or products with a variety of scenarios. With the stress test, the Bank can early anticipate and take control of the portfolio and the most optimal solution as a strategy for short and long term. Thus, the credit portfolio quality and capital adequacy of the Bank are well preserved.

Bank menerapkan prosedur-prosedur dalam mengelola risiko, antara lain:

The Bank implements certain procedures to manage risks, among others:



tertentu

Merumuskan kebijakan perkreditan berdasarkan hasil diskusi dengan unit-unit bisnis, mencakup persyaratan agunan, penilaian kredit, tingkat risiko dan pelaporan, prosedur dokumentasi dan hukum, serta kepatuhan terhadap terhadap peraturan dan persyaratan yang diwajibkan oleh pengawas.



- 90 -


Formulating credit policies based on the results of discussions with the business units, including collateral requirements, credit assessment, the level of risk and reporting, documentation and legal procedures, and compliance with regulations and requirements that are required by the regulator.

187





Pemisahan fungsi antara yang melakukan analisis, persetujuan, dan administrasi kredit dalam kerangka kerja atau mekanisme prosedur pendelegasian pengambilan keputusan penyediaan dana. Permohonan kredit dilakukan analisa berdasarkan 4 eyes principles oleh Credit Examination Division dan Komite Kredit.



Segregation of duties among analysis, approval, and credit administration within the framework or mechanism for delegating decision-making in provision of funds. Credit application is analyzed with 4 eyes principles by the Credit Examination Division and Credit Committee.



Pengembangan sistem administrasi kredit, efisiensi dan efektivitas operasional administrasi kredit, termasuk pemantauan dokumentasi, persyaratan kontrak, perjanjian kredit, dan pengikatan agunan.



Development of credit administration system, operational efficiency and effectiveness of credit administration, including monitoring documentation, contract requirements, credit agreements, and binding of collateral.



Melakukan pengawasan secara berkala atas kondisi debitur, yang meliputi kinerja keuangan, kemampuan membayar dan kinerja usaha debitur.



Conduct periodic monitoring of the debtors’ conditions, which includes financial repayment capacity and performance, business prospect.



Memantau dan mengevaluasi perkembangan dan kualitas portofolio kredit secara keseluruhan dan dilaporkan secara berkala ke Dewan Direksi dan Dewan Komisaris.



Monitor and evaluate progress and quality of the overall credit portfolio and report periodically to the Board of Directors and the Board of Commissioners.



Memantau dan mengevaluasi perkembangan kualitas kredit yang diberikan kepada pihak terkait dan debitur-debitur tertentu serta memastikan pemenuhan Batas Maksimum Pemberian Kredit yang sesuai.



Monitor and evaluate the development of the credit quality to related parties and particular debtors and ensure compliance with the appropriate Legal Lending Limit.



Melakukan evaluasi dan pemantauan terhadap kredit non-performing serta melaporkan perkembangannya ke Dewan Direksi.



Evaluate and monitor non-performing loans and report the progress to the Board of Directors.



Membatasi konsentrasi eksposur terhadap counterparty berdasarkan sektor industri untuk mencegah berlebihnya konsentrasi pada sektor industri tertentu.



Limit the concentrations of exposure to the counterparty based on the industrial sector to prevent over concentration on a particular industry sector.



Sentralisasi eksposur laporan posisi keuangan dan rekening administratif yang mengandung risiko kredit dari setiap debitur atau per kelompok debitur dan/atau pihak lawan transaksi (counterparty) tertentu mengacu pada konsep single obligor.



Centralize the statement of financial position exposures and administrative accounts that contain credit risk of each borrower or a group of borrowers and/or certain counterparty referring to the concept of single obligor.



Menggunakan teknik pengukuran risiko dengan pendekatan pemeringkatan internal (internal rating) dan senantiasa melakukan pengkinian data secara berkala.



Use risk measurement technique with an internal rating approach and continue updating the data periodically.



Mengukur risiko kredit terkait dengan kegagalan pihak lawan (counterparty credit risk) seperti transaksi derivatif over the counter/OTC, dengan menggunakan nilai pasar yang dilakukan secara berkala.



Measure credit risks associated with the default of the other party (counterparty credit risk) such as derivative transactions over the counter/OTC, using the market value periodically.



Mengimplementasikan proses persetujuan pinjaman oleh entitas anak dengan mengikutsertakan Dewan Direksi Bank.



Implement the process of loan approval by the subsidiary by involving the Bank's Board of Directors.

- 91 -


188



(i) Eksposur maksimum terhadap risiko kredit

(i)

The maximum exposure to credit risk

Untuk aset keuangan yang dicatat dalam laporan posisi keuangan, eksposur maksimum terhadap risiko kredit adalah sama dengan nilai tercatatnya.

For financial assets recorded in the statement of financial position, the maximum exposure to credit risk is equal to its carrying value.

Untuk garansi dan irrevocable letter of credit yang diterbitkan, maka eksposur maksimum terhadap risiko kredit adalah sebesar nilai maksimum yang harus dibayar oleh Bank apabila garansi dan irrevocable letter of credit tersebut harus dipenuhi. Sedangkan untuk komitmen kredit, eksposur maksimum terhadap risiko kredit adalah jumlah seluruh fasilitas komitmen kredit yang belum ditarik oleh nasabah.

For guarantee and irrevocable letter of credit issued, the maximum exposure to credit risk is equal to the maximum value to be paid by the Bank when the guarantee and irrevocable letter of credit must be fulfilled. As for the loan commitment, the maximum exposure to credit risk is the total of credit commitment facilities that have not been withdrawn by the customer.

Tabel berikut ini menyajikan eksposur maksimum terhadap risiko kredit (sebelum dikurangi cadangan kerugian penurunan nilai) untuk semua instrumen keuangan, baik yang tercatat pada laporan posisi keuangan maupun tanpa rekening administratif, mempertimbangkan jaminan.

The following table presents the maximum exposure to credit risk (gross allowance for impairment losses) for all financial instruments, both recorded on the statement of financial position and off-balance sheets, regardless of the collateral.

2014 Rp

2013 Rp

Laporan posisi keuangan: Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek Tagihan derivatif Kredit Tagihan akseptasi Piutang sewa pembiayaan Piutang pembiayaan konsumen Tagihan anjak piutang Aset lain-lain

877.013.440.078 772.677.864.834

874.510.815.723 858.995.147.749

2.080.476.952.014 332.749.565.300 17.099.378.527 10.599.133.472.103 192.831.070.224 312.336.477.178 264.011.771 12.927.086.340

1.724.367.081.184 270.710.323.440 36.994.833.601 9.711.393.550.236 189.855.682.189 329.613.535.197 572.869.935 38.402.449.215 34.337.014.987

Sub Jumlah

15.197.509.318.369

14.069.753.303.456

Statements of financial position Demand deposits with Bank Indonesia Demand deposits with other banks Placement with Bank Indonesia and other banks Securities Derivative receivables Loans Acceptance receivables Finance lease receivables Consumer financing receivables Factoring receivables Other assets Sub Total

Eksposur risiko kredit yang terkait dengan rekening administratif tanpa jaminan atau peningkatan kredit lain adalah sebagai berikut:

Credit risk exposures relating to off-balance sheet items without taking into account of any collateral held or other credit enhancements are as follows:

Komitmen dan kontinjensi Fasilitas kredit yang belum digunakan Irrevocable L/C yang masih

Commitments and contingencies

berjalan Bank garansi yang diterbitkan Sub Jumlah Jumlah

164.818.698.136

119.140.366.337

Unused credit facilities

243.492.194.130

286.484.970.141

Irrevocable letters of credit

622.842.319.337

228.970.967.196

Bank guarantees issued

1.031.153.211.603

634.596.303.674

Sub Total

16.228.662.529.972

14.704.349.607.130

- 92 -


Total

189



(ii) Analisa risiko konsentrasi kredit

(ii) Credit concentration risk analysis

Risiko konsentrasi kredit timbul ketika sejumlah nasabah yang memiliki aktifitas usaha yang serupa atau memiliki kemiripan karakteristik yang akan menyebabkan kemampuan nasabah dalam memenuhi kewajiban kontraktualnya dipengaruhi oleh perubahan kondisi ekonomi dan kondisi lainnya.

Credit concentration risk arises when several customers have similar business activities or similar characteristics which will cause the customers’ ability to meet their contractual obligation is affected by the change of economic condition and other conditions.

Bank senantiasa berupaya melakukan diversifikasi portofolio kredit berdasarkan industri, dan produk kredit untuk meminimalkan risiko kredit. Tingkat diversifikasi didasarkan pada rencana strategis Bank, sektor target, kondisi ekonomi saat ini, kebijakan pemerintah, sumber pendanaan, dan proyeksi pertumbuhan.

Bank always endeavors to diversify credit portfolio based on industry and credit product in order to minimize credit risk. The diversification level is based on the Bank’s strategic plan, targeted sector, current economic conditions, government policy, funding source and growth projection.

Risiko konsentrasi kredit berdasarkan mata uang dan jatuh tempo diungkapkan pada Catatan 10 dan 37.

Concentration of credit risk by currency and maturity is disclosed in Note 10 and 37.

Berikut ini adalah tabel dari konsentrasi aset keuangan dan off-financial position berdasarkan jenis counterparty (sebelum dikurangi cadangan kerugian penurunan nilai):

The following table presents the financial assets and off-financial statement position concentration by type of counterparty (gross of allowance for impairment losses): 2014

Giro pada Bank Indonesia dan bank lain/ Demand deposits with Bank

Penempatan pada Bank Indonesia dan bank lain/ Placement with Bank

Komitment dan kontinjensi/

Tagihan

Piutang

Piutang pembiayaan

Derivatif/

sewa pembiayaan/

konsumen/

Tagihan akseptasi/

Commitments

Indonesia and other banks

Indonesia and other banks

Efek-efek/ Securities

Derivative Receivables

Kredit/ Loans

Finance lease receivables

Consumer financing receivables

Acceptance Receivables

Aset lain-lain/ Other assets

and Contingencies

Jumlah/ Total

Rp

Rp

Rp

Rp

Rp

Rp

Rp

Rp

Rp

Rp

Rp

-

-

-

2.135.163.329.119

13,16

Government and Bank Indonesia

26.154.974.918

-

-

1.933.920.910.407

11,92

Banks Corporates and personal

%

Pemerintah dan Bank Indonesia

877.013.440.078

989.841.912.874

268.307.976.167

-

-

-

-

Bank-bank

772.677.864.834

1.090.635.039.140

38.779.224.837

5.673.806.678

-

-

-

-

-

25.662.364.296

11.425.571.849

10.599.133.472.103

312.336.477.178

264.011.771

166.676.095.306

12.927.086.340

1.031.153.211.603

12.159.578.290.446

74,93

1.649.691.304.912

2.080.476.952.014

332.749.565.300

17.099.378.527

10.599.133.472.103

312.336.477.178

264.011.771

192.831.070.224

12.927.086.340

1.031.153.211.603

16.228.662.529.972

100,00

Korporasi dan perorangan Jumlah

Total

2013 Giro pada Bank Indonesia dan bank lain/ Demand deposits with Bank Indonesia and other banks Rp

Penempatan pada Bank Indonesia dan bank lain/ Placement with Bank Indonesia and other banks Rp

Efek-efek/ Securities Rp

Pemerintah dan Bank Indonesia

874.510.815.723

1.395.777.081.184

238.852.264.766

Bank-bank

858.995.147.749

328.590.000.000

31.858.058.674

Korporasi dan perorangan Jumlah

1.733.505.963.472

(iii) Kualitas kredit keuangan

1.724.367.081.184

Tagihan Derivatif/ Derivative Receivables Rp 4.960.158.956 135.798.859

Kredit/ Loans Rp

Piutang sewa pembiayaan/ Finance lease receivables Rp

Piutang pembiayaan konsumen/ Consumer financing receivables Rp

Tagihan anjak piutang/ Factoring Receivables Rp

Tagihan akseptasi/ Acceptance Receivables Rp

Aset lain-lain/ Other assets Rp

Komitment dan kontinjensi/ Commitments and Contingencies Rp

-

-

-

-

-

-

-

-

28.194.354.493

-

-

Government and Bank Indonesia Banks

1.247.773.359.775

8,49

9.711.393.550.236

329.613.535.197

572.869.935

38.402.449.215

161.661.327.696

34.337.014.987

634.596.303.674

10.942.475.926.726

74,42

270.710.323.440

36.994.833.601

9.711.393.550.236

329.613.535.197

572.869.935

38.402.449.215

189.855.682.189

34.337.014.987

634.596.303.674

14.704.349.607.130

100,00

aset

-

17,10

31.898.875.786

kelas

-

2.514.100.320.629

%

-

berdasarkan

-

Jumlah/ Total Rp

Corporates and personal Total

(iii) Credit quality by class of financial asset

Dalam mengidentifikasi risiko kredit, Bank didukung dengan aplikasi internal rating yang ditujukan untuk menghasilkan risk rating yang akurat dan konsisten. Rating yang dibuat sudah mengikuti standar sistem desain rating sebagaimana yang dipersyaratkan dalam Basel II.

In identifying credit risk, the Bank uses internal rating application to assist in generating risk rating accurately and consistently. The risk rating application follows the system standard rating design that is required in Basel II.

- 93 -


190



Untuk memenuhi ketentuan Bank Indonesia, maka hasil rating tersebut kemudian dipetakan ke kolektibilitas seperti dibawah ini:

Risiko/Risk

Low

Medium

High

1 2 3 4 5 6 7 8 9

Perkiraan Peringkat yang sesuai/ Corresponding Probable Rating AAA AA A BBB+/BBB BBBBB+/BB BBB+/B B-

10

CCC+/CCC

3

11 12

CCIn default

4 5

Peringkat Risiko/Risk Rating

To comply with Bank Indonesia regulation, the result of rating would be mapped to BI collectibility as follows:

Pemetaan ke Kolektabilitas BI/ Mapping to Collectibility BI

1

2

Lancar/Pass

Dalam Perhatian Khusus/ Special Mention Kurang Lancar/ Sub Standard Diragukan/Doubtful Macet /Loss

Definisi dari tingkat risiko adalah sebagai berikut:

Nilai/Grade

Investment Grade

Below Investment Grade

Definition of risk level are as follow:



Low Risk Counterparties yang memiliki pendapatan yang tinggi atau stabil, permodalan yang kuat dan likuiditas yang tinggi untuk memenuhi kemampuan membayar tanpa bantuan dari sumber dana tambahan.



Low Risk Counterparties which have high or stable earnings, strong capital and liquidity that meets with repayment capability without support from additional source of fund.



Medium Risk Counterparties yang memiliki pendapatan, modal dan likuiditas yang cukup baik, namun memiliki potensi menurun. Meskipun debitur mampu memenuhi kewajiban pembayaran pokok dan bunga, indikasi dari beberapa masalah yang belum teratasi akan mempengaruhi pembayaran di masa depan.



Medium Risk Counterparties which have fairly good earnings, capital and liquidity but with the potential for decline. Although debtor is able to meet principal and interest obligation, indication of certain problems that left unresolved will affect future payment.



High Risk Counterparties yang memiliki pendapatan dan modal yang rendah dan kesulitan likuiditas yang menunjukkan kemungkinan ketidakmampuan untuk membayar kembali pokok dan/atau bunga.



High Risk Counterparties which have low earnings, capital and liquidity difficulties that shows possibility of inability to repay principal and/or interest.

Tabel di bawah ini menyajikan kualitas kredit dari aset keuangan berdasarkan kelas menggunakan rating kredit internal Bank (sebelum dikurangi cadangan kerugian penurunan nilai).

The table below shows the credit quality of financial asset by class using the Bank’s internal credit rating (gross of allowance for impairment losses).

- 94 -


191



Risiko rendah/ Low risk Rp Dimiliki hingga jatuh tempo Efek-efek Diperdagangkan Tagihan derivatif Pinjaman yang diberikan dan piutang Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek Kredit Tagihan akseptasi Piutang sewa pembiayaan Piutang pembiayaan kosumen Tagihan anjak piutang Aset keuangan lain-lain Pendapatan bunga yang masih harus diterima Jumlah

Belum jatuh tempo dan tidak mengalami penurunan nilai/Neither past due nor impaired Risiko medium/ Risiko tinggi/ Medium risk High risk Rp Rp

Tidak memiliki rating/Unrated Rp

Telah jatuh tempo tetapi tidak mengalami penurunan nilai/ Past due but not impaired Rp

Mengalami penurunan nilai/ Impaired Rp

Jumlah/ Total Rp

268.307.976.167

-

-

-

-

-

268.307.976.167

17.099.378.527

-

-

-

-

-

17.099.378.527

877.013.440.078 772.677.864.834

-

-

-

-

-

877.013.440.078 772.677.864.834

-

64.352.460.000 -

2.080.476.952.014 64.441.589.133 4.340.689.488.152 192.831.070.224 184.308.359.019 264.011.771 -

5.891.652.610.452 127.527.437.326 -

9.327.946.024

3.599.140.316

8.807.438.075.943

6.022.779.188.094

500.680.833 -

500.680.833

-

64.352.460.000

302.438.913.499 -

302.438.913.499

2.080.476.952.014 64.441.589.133 10.599.133.472.103 192.831.070.224 312.336.477.178 264.011.771 -

12.927.086.340 15.197.509.318.369

Held-to-maturity Securities Trading Derivative receivables

Loans and receivables Demand deposits with Bank Indonesia Demand deposits with other banks Placement with Bank Indonesia & other banks Securities Loans Acceptance receivables Finance lease receivables Consumer financing receivables Factoring receivables Other financial assets Accrued interest receivable Total

2013

Risiko rendah/ Low risk Rp Dimiliki hingga jatuh tempo Efek-efek Diperdagangkan Tagihan derivatif Pinjaman yang diberikan dan piutang Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek Kredit Tagihan akseptasi Piutang sewa pembiayaan Piutang pembiayaan kosumen Tagihan anjak piutang Aset keuangan lain-lain Pendapatan bunga yang masih harus diterima Jumlah

Belum jatuh tempo dan tidak mengalami penurunan nilai/Neither past due nor impaired Risiko medium/ Risiko tinggi/ M edium risk High risk Rp Rp

Tidak memiliki rating/Unrated Rp

Telah jatuh tempo tetapi tidak mengalami penurunan nilai/ Past due but not impaired Rp

M engalami penurunan nilai/ Impaired Rp

Jumlah/ Total Rp

238.852.264.766

-

-

-

-

-

238.852.264.766

36.994.833.601

-

-

-

-

-

36.994.833.601

874.510.815.723 858.995.147.749

-

-

-

-

-

874.510.815.723 858.995.147.749

-

1.724.367.081.184 31.858.058.674 9.711.393.550.236 189.855.682.189 329.613.535.197 572.869.935 38.402.449.215

1.724.367.081.184 31.858.058.674 4.764.072.044.008 189.855.682.189 164.770.693.082 572.869.935 18.287.717.255

-

-

4.648.599.909.219 158.242.426.959 20.114.731.960

29.733.833.415

2.242.734.181

8.932.871.041.581

4.829.199.802.319

6.600.415.156 -

6.600.415.156

-

173.822.149.174 -

-

2.360.447.391

-

176.182.596.565

(iv) Analisa umur pinjaman dan piutang yang sudah jatuh tempo tetapi tidak mengalami penurunan nilai.

124.899.447.835 -

124.899.447.835

34.337.014.987 14.069.753.303.456

Held-to-maturity Securities Trading Derivative receivables

Loans and receivables Demand deposits with Bank Indonesia Demand deposits with other banks Placement with Bank Indonesia & other banks Securities Loans Acceptance receivables Finance lease receivables Consumer financing receivables Factoring receivables Other financial assets Accrued interest receivable Total

(iv) Aging analysis of past due but not impaired loans and receivables.

Bank memiliki pinjaman yang diberikan dan piutang yang telah jatuh tempo tetapi tidak mengalami penurunan nilai sebesar Rp 64.352.460.000 dan Rp 176.182.596.565 pada tanggal 31 Desember 2014 dan 2013, dikarenakan jatuh tempo dari pinjaman dan piutang tersebut masih di bawah 90 hari.

The Bank’s loans and receivables that are past due but not impaired amounted to Rp 64,352,460,000 and Rp 176,182,596,565 as of December 31, 2014 and 2013, since the past due for that Bank’s loans and receivables still below 90 days.

- 95 -


192


(v)


Kredit direstrukturisasi yang akan jatuh tempo atau mengalami penurunan nilai.

(v) Restructured loans that would otherwise be past due or impaired.

Kredit yang diberikan yang dinegosiasi ulang/direstrukturisasi adalah kondisi dimana Bank sebagai pihak pemberi pinjaman memberikan keringanan pada pihak peminjam yang mengalami kesulitan. Kredit yang diberikan yang telah dinegosiasi ulang/direstrukturisasi dalam 12 bulan terakhir yang seharusnya telah jatuh tempo sebesar nihil dan Rp 5.804.991.179 pada tanggal 31 Desember 2014 dan 2013.

Renegotiated/restructured loans are conditions where the Bank as the lender provide relief to borrowers who are experiencing difficulties. Loans that have been renegotiated/ restructured in the past 12 months that would otherwise have been past due or impaired amounted to nil and Rp 5,804,991,179 as of December 31, 2014 and 2013.

(vi) Agunan

(vi) Collateral

Bank telah mengimplementasikan kebijakan untuk memitigasi risiko kredit, termasuk meminta agunan sebagai jaminan pelunasan kredit dan menjadikannya sebagai pilihan kedua jika kewajiban kontraktual tidak terpenuhi. Jenis modal kerja yang dapat diterima untuk kredit modal kerja dan investasi dalam rangka memitigasi risiko kredit diantaranya adalah kas dan/atau blokir rekening, Standby Letter of Credit, Letter of Guarantee, tanah dan/atau bangunan, mesin, kendaraan bermotor, piutang dagang, bahan baku/barang dagangan (persediaan), saham atau surat berharga lainnya. Perkiraan nilai wajar dari agunan yang digunakan oleh Bank didasarkan pada nilai agunan yang dinilai oleh penilai internal maupun eksternal.

The Bank has implemented policies to mitigate credit risk, which include taking collaterals as a guarantee for loan repayment and making it the second way out if contractual obligations are not met. The type of collateral accepted for working capital and investment loans to mitigate credit risk include cash deposited with the Bank, Standby Letter of Credit, Letter of Guarantee, land and/or building, machinery, vehicles, accounts receivable, raw materials/inventories, stocks or other securities. The fair value of collateral is assessed based on internal and/or external appraisals.

Meskipun agunan pada dasarnya adalah unsur pendukung dan bukan merupakan unsur utama dalam hal pembayaran kembali kredit, namun sebagai salah satu upaya dalam penerapan prinsip kehatian-hatian dalam penyaluran kredit oleh Bank maka penerimaan agunan yang kuat dan bernilai menjadi pertimbangan utama dalam setiap keputusan pemberian kredit, dengan demikian fungsi penyaluran dana oleh Bank dapat dilaksanakan dengan baik.

Although collateral is basically a supporting element and is not a major element in terms of repayment of credit, but as one of the implementation of prudential principle of granting credit by the Bank, so the acceptable of strong and worth collateral being major consideration in any decision granting credit, thus the function of distributing the funds by the Bank can be implemented well.

Untuk menghindari Bank dari kerugian yang terjadi akibat agunan yang diterima oleh Bank kehilangan atau rusak karena adanya bencana seperti kebakaran, gempa bumi, banjir dan yang lainnya, maka Bank mempersyaratkan objek yang menjadi agunan harus ditanggung oleh perusahaan asuransi sehingga apabila terjadi bencana yang menimpa objek agunan, pihak asuransi akan mengganti kerugian yang timbul atas bencana tersebut dan nilai objek agunan tidak akan mengalami penurunan.

To prevent the Bank from losses due to collateral accepted by the Bank lost or damaged due to disaster such as fire, earthquake, flood and more, the Bank requires the object being collateral to be borne by insurance companies so that in the event of a disaster, the insurance companies will replace those loss and the value of collateral objects will not decline.

- 96 -


193



Bank menggunakan azas konservatif dalam melakukan penilaian terhadap jaminan yang Bank terima, dimana nilai jaminan yang diakui Bank merupakan nilai terendah antara nilai pasar dikali dengan 56%, nilai tanggungan/fidusia dan nilai pinjaman dan piutang yang diberikan. Pada saat proses penilaian jaminan, Bank akan terlebih dahulu melaksanakan peninjauan lokasi jaminan yang bertujuan untuk memastikan bahwa kondisi jaminan dalam keadaan baik dan dapat dipastikan keabsahan kepemilikan agunan dengan lokasi yang ada. Sesuai dengan pasal 35 PBI No. 14/15/PBI/2012, bahwa aktiva produktif diatas Rp 5.000.000.000 secara prinsip penilaian agunan harus dilakukan oleh penilai independen. Selain itu, Bank juga melakukan revaluasi agunan guna melakukan pengkinian nilai jaminan.

Bank using conservative principles in assessing collateral that Bank received, where the value of collateral is recognized by using the lowest value between market value multiplied by 56%, mortgage/fiduciary values and value of loan and receivables itself. At the time of assessment process, Bank will conduct visiting first to the collateral location in order to ensure the collateral still in good condition and can be confirmed the validity of the ownership with the existing location. In accordance with article 35 PBI No. 14/15/PBI/ 2012, that assets above IDR 5,000,000,000 in principle appraisal must be performed by an independent appraiser. In addition, Bank also conducts collateral revaluation to update the current value of collateral.

Tabel dibawah ini menyajikan informasi atas konsentrasi kredit dari nilai wajar jaminan yang dimiliki Bank.

The table below shows information of credit concentration from fair value of collateral that received by Bank.

Kredit ko rpo rasi/ Co rpo rate lo an Rp Ekspo sur kredit Nilai agunan *) To tal ekspo sur tanpa jaminan kredit P o rsi ekspo sur kredit tanpa jaminan kredit (%) Tanah & B angunan Depo sito & Tabungan Kendaraan M esin-mesin Kapal Garansi Lainnya: - Invento ri - Tagihan P iutang Jumlah

2014 Kredit Karyawan/ Staff lo an Rp

Kredit FI dan B UM N/ Credit FI and B UM N Rp

10.070.083.606.868 5.752.028.081.963

488.042.531.536 542.375.481.301

4.328.056.215.965

-

42,94

-

2.214.343.396.937 163.595.388.150 75.022.150.985 1.028.118.475.343 51.311.645.640 333.815.902.320

-

944.112.749.394 941.708.373.194 5.752.028.081.963

Kredit ko nsumsi/ Co nsumptio n lo an Rp

4.107.333.699 -

36.900.000.000 36.910.500.000

4.107.333.699

542.375.481.301 542.375.481.301

10.599.133.472.103 6.331.314.063.264

-

100,00

Jumlah/ To tal Rp

4.332.163.549.664

-

40,87

-

36.910.500.000 -

2.251.253.896.937 163.595.388.150 75.022.150.985 1.028.118.475.343 51.311.645.640 333.815.902.320

-

36.910.500.000

944.112.749.394 1.484.083.854.495 6.331.314.063.264

Outstanding Co llateral value *) To tal Unsecured credit expo sure Unsecured po rtio n o f credit expo sure (%) Land & B uilding Depo sits & Saving Vehicle M achineries Vessel Guarantee Others: - Invento ry - A cco unt Receivables To tal

*) B erdasarkan penilaian yang dilakukan B ank/B ased o n B ank's assessment 2013 Kredit korporasi/ Corporate loan Rp

Kredit FI dan BUMN/ Credit FI and BUMN Rp

Kredit Kary awan/ Staff loan Rp

Eksposur kredit Nilai jaminan *) Total eksposur tanpa jaminan kredit Porsi eksposur kredit tanpa jaminan kredit (%)

8.770.921.438.883 5.960.403.178.375

935.416.465.489 695.942.913.054

5.055.645.864 -

2.810.518.260.508

239.473.552.435

5.055.645.864

32,04

25,60

Tanah & Bangunan Deposito & Tabungan Kendaraan Mesin-mesin Kapal Garansi Lainny a: - Inv entori - Tagihan Piutang Jumlah

2.048.823.407.290 343.304.228.964 230.535.265.708 1.132.890.706.401 65.917.071.993 223.571.222.212 963.596.632.801 951.764.643.006 5.960.403.178.375

695.942.913.054 695.942.913.054

100,00 -

*) Berdasarkan penilaian y ang dilakukan Bank/Based on Bank's assessment

- 97 -


Jumlah/ Total Rp 9.711.393.550.236 6.656.346.091.429 3.055.047.458.807 31,46 2.048.823.407.290 343.304.228.964 230.535.265.708 1.132.890.706.401 65.917.071.993 223.571.222.212 963.596.632.801 1.647.707.556.060 6.656.346.091.429

Credit exposure Collateral v alue *) Total Unsecured credit exposure Unsecured portion of credit exposure (%) Land & Building Deposits & Sav ing Vehicle Machineries Vessel Guarantee Others: - Inv entory - Account Receiv ables Total

194



RISIKO LIKUIDITAS

LIQUIDITY RISK

Risiko likuiditas adalah risiko akibat ketidakmampuan Bank untuk memenuhi kewajiban keuangan yang jatuh tempo dari sumber pendanaan arus kas dan/atau dari aset likuid berkualitas tinggi yang dapat diagunkan, tanpa mengganggu aktivitas dan kondisi keuangan Bank.

Liquidity risk is the risk that arises because of Bank’s inability to meet the financial liability that is due from cash flow funding source and/or from high quality liquid assets that can be encumbered, without disrupting Bank’s activity and financial condition.

Ketidakmampuan memperoleh sumber pendanaan arus kas sehingga menimbulkan risiko likuiditas dapat disebabkan antara lain oleh:

The inability to obtain cash flow funding source which gives rise to liquidity risk can be caused by, among others:



ketidakmampuan menghasilkan arus kas yang berasal dari aset produktif maupun yang berasal dari penjualan aset termasuk aset likuid; dan/atau



The inability to generate cash flow from earning assets or from asset sales including liquid assets; and/or



ketidakmampuan menghasilkan arus kas yang berasal dari penghimpunan dana, transaksi antar Bank, dan pinjaman yang diterima.



The inability to generate cash flow from fund raising, inter-bank transactions, and the borrowings.

Bank senantiasa menjaga ketersediaan dana dan likuiditas harian secara konsisten untuk menjamin kebutuhan likuiditas terpenuhi. Ketersediaan dana secara konsolidasian (semua jenis mata uang) per posisi 31 Desember 2014 dan 2013 masingmasing sebesar Rp 3.512.356 juta dan Rp 3.622.657 juta atau setara dengan 54,43% dan 68,88% dibandingkan dengan total dana pihak ketiga dan 23,22% dan 32,18% dibandingkan dengan total aset. Sedangkan rasio aset likuid (primer dan sekunder) dibandingkan total dana pihak ketiga dan total aset masing-masing sebesar 19,03% dan 8,12% tahun 2014 dan 16,90% dan 8,38% tahun 2013.

The Bank always maintains the available fund and daily liquidity consistently in order to assure liquidity needs are met. Consolidated available fund (all currencies) as of December 31, 2014 and 2013 amounted to Rp 3,512,356 million and Rp 3,622,657 million or equivalent to 54.43% and 68.88% compared to the total third-party funds and 23.22% and 32.18% respectively compared to total asset. Meanwhile, the liquid asset ratios (primary and secondary) compared to the total third-party funds and total asset are 19.03% and 8.12% in 2014 and 16.90% and 8.38% in 2013, respectively.

Bank menggunakan beberapa alat pengukuran risiko likuiditas seperti rasio likuiditas, profil maturitas, proyeksi arus kas dan stress testing untuk mengetahui seberapa besar risiko yang dihadapai oleh Bank termasuk dalam menentukan limit yang harus dijaga.

Bank takes several liquidity risk measurement methods such as liquidity ratio, maturity profile, cash flow projection and stress testing to derive how high the risk faced by the Bank is, including in determining the limit to be maintained.

Bank menggunakan metodologi profil maturitas untuk mengestimasi potensi risiko likuiditas yang akan dihadapi Bank di masa mendatang, baik kondisi defisit maupun surplus dan mengembangkan indikator peringatan dini untuk mengantisipasi terjadinya guncangan terhadap kondisi likuiditas Bank.

The Bank takes maturity profile methodology to estimate the potentials of liquidity risk to be faced by the Bank in the future, either in deficit or surplus position, and develop early warning indicators to anticipate shock to Bank’s liquidity condition.

Untuk mengetahui kemampuan Bank dalam menghadapi berbagai situasi, Bank melakukan analisa skenario likuiditas, yang mencakup skenario kondisi normal dan tidak normal termasuk kondisi ekstrim atau krisis dengan melakukan stress testing yang dilengkapi dengan penyusunan rencana kontinjensi.

In order to know the Bank’s ability in facing various situations, the Bank conducts liquidity scenario analysis, comprising normal condition and abnormal condition scenarios including extreme or critical conditions by running stress testing equipped by contingency planning.

- 98 -


195



Kondisi krisis mencakup kondisi krisis bank secara khusus (specific bank crisis) dan krisis pasar secara umum (general market crisis). Sesuai dengan rencana kontinjensi tersebut, untuk kondisi bank secara khusus, Bank dapat memenuhi kebutuhan likuiditas melalui pinjaman (seperti bilateral funding, reciprocal term loan facility, secured line facility agreement, foreign exchange swap), dan pricing dana pihak ketiga. Sedangkan untuk kondisi krisis pasar secara umum, misalnya krisis pasar secara regional, Bank memenuhi kebutuhan likuiditas melalui standby facility dari perusahaan induk (Resona Bank, Jepang) sedangkan untuk krisis pasar secara global, maka Bank memenuhi kebutuhan likuiditasnya melalui fasilitas likuiditas dari Bank Indonesia dengan kualitas aset yang dimiliki oleh Bank.

Critical condition comprises specific bank crisis and general market crisis. In line with such contingency planning, for specific bank crisis the Bank can meet its liquidity needs through borrowing (such as bilateral funding, reciprocal term loan facility, secured line facility agreement, foreign exchange swap), and third-party fund pricing. As for general market crisis, such as regional market crisis, the Bank meets the liquidity needs through standby facility from the holding company (Resona Bank, Japan), as for global market crisis, the Bank meets its liquidity needs through liquidity facility from Bank Indonesia according to the quality of assets owned by the Bank.

Bank menerapkan prosedur tertentu dalam mengelola dan memantau risiko likuiditas untuk meminimalkan kemungkinan ketidakmampuan Bank dalam memperoleh sumber pendanaan arus kas, antara lain dengan cara:

Bank implements certain procedures in managing and overseeing liquidity risk to minimize the possibility of Bank’s inability to obtain cash flow funding source, among others by:



Kebijakan manajemen likuiditas Bank telah menetapkan tanggung jawab, pendekatan manajemen dan strategi yang diambil untuk memastikan kecukupan likuiditas yang harus dipelihara dalam memenuhi kewajiban Bank secara kontraktual atau berdasarkan aturan.



Bank’s liquidity management policy sets out the responsibility, management approach and strategy to be taken to assure the adequacy of liquidity to be maintained to meet Bank’s contractual liability or pursuant to regulation.



Melakukan identifikasi dan analisis terhadap seluruh sumber risiko likuiditas meliputi produk yang dapat dan aktivitas perbankan mempengaruhi sumber dan penggunaan dana, baik pada posisi aset dan liabilitas maupun rekening administratif dan risiko-risiko lain yang dapat meningkatkan risiko likuiditas, misalnya risiko kredit, risiko pasar, dan risiko operasional.



Identifying and analysing all the liquidity risk sources which comprise banking product and activities that can affect fund source and usage, either in asset or liability positions and administrative accounts as well as other risks that may elevate liquidity risks, such as credit risk, market risk and operational risk.



Bank menetapkan dan memantau batasanbatasan tertentu untuk memastikan agar tingkat likuiditas yang optimal terjaga.



Bank sets out and monitors certain limits to assure that optimum liquidity level is maintained.



Posisi likuiditas harian diawasi dan stress testing likuiditas dilakukan secara teratur dengan berbagai variasi skenario baik dalam kondisi pasar normal dan maupun tidak normal (krisis). Semua kebijakan mengenai likuiditas termasuk prosedurnya harus di tinjau ulang dan mendapat persetujuan dari Komite Manajemen Risiko.



Daily liquidity level is watched and liquidity stress testing is run regularly under scenario variations either in normal market condition or crisis. All the policies regarding liquidity including the procedure must be reviewed and approved by Risk Management Committee.



Bank masih mengandalkan deposito dari nasabah dan bank lain sebagai sumber utama pendanaan yang umumnya memiliki jatuh tempo lebih pendek dan sebagian besar harus dikembalikan berdasarkan permintaan. Sifat jangka pendek dari simpanan tersebut meningkatkan risiko likuiditas Bank dan Bank secara aktif mengelola risiko ini dengan memelihara harga yang kompetitif dan senantiasa memantau tren pasar.



Bank still relies on time-deposit from customers and other banks as main source of funding which are generally due earlier and mostly have to be repaid upon request. The short-term nature of such saving elevates Bank’s liquidity risk and Bank actively manages this risk by maintaining competitive price and monitor market trend consistently.

- 99 -


196





Bank telah menetapkan rencana pendanaan darurat bilamana Bank mengalami kesulitan likuiditas yang direview secara berkala baik mengenai pendekatan dan strategi yang akan diambil, maupun rencana tindak manajemen bank pada situasi krisis likuiditas.



The Bank has set out emergency funding plan in the event the Bank undergoes liquidity difficulties as regularly reviewed from the aspects of approach and strategy to be taken, or the plan of bank’s management measures under liquidity crisis situation.

Eksposur terhadap risiko likuiditas

Exposures to liquidity risk

Bank mengukur dan memantau risiko likuiditas melalui analisis perbedaan jatuh tempo likuiditas dan rasio-rasio likuiditas. Salah satu rasio likuiditas adalah rasio dari aset lancar terhadap liabilitas lancar. Pada tanggal 31 Desember 2014 dan 2013, rasio dari aset lancar terhadap liabilitas lancar adalah sebagai berikut:

Bank measures and oversees liquidity risk by analyzing the gap of liquidity maturity and liquidity ratios. One of liquidity ratios is ratio of liquid assets to liquid liabilities. On December 31, 2014 and 2013, the ratios of liquid assets to liquid liabilities are as follows:

2014 Rp Kas Giro, Sertifikat Bank Indonesia dan penempatan Bank Indonesia lainnya Giro pada bank lain dan penempatan pada bank lain dikurangi dengan simpanan dari bank lain Jumlah aset lancar bersih Simpanan

2013 Rp

18.648.985.310

25.246.649.960

2.033.780.455.150

2.509.140.161.673

1.575.217.391.715

821.164.878.164

3.627.646.832.175 6.453.140.720.311

3.355.551.689.797 6.780.423.630.898

Rasio

56,22%

49,49%

Cash Demand deposits, BI Certificate and other Bank Indonesia placements Demand deposit w ith other banks and placement w ith other banks less deposits from other banks Total net liquid assets Deposits Ratio

Analisa Jatuh Tempo untuk Liabilitas Keuangan

Maturity Analysis for Financial Liabilities

Pengelompokkan jatuh tempo untuk liabilitas keuangan berdasarkan sisa jatuh tempo kontrak dari tanggal pelaporan. Untuk aset keuangan dimana pihak lawan memiliki pilihan kapan suatu jumlah dibayarkan, maka liabilitas dialokasikan pada periode paling awal di mana entitas dapat disyaratkan untuk membayar.

The maturity grouping of financial liabilities is based on the remaining contractual maturity from the reporting date. For financial liabilities where the counterparty has a choice of when the amount is to be settled, the liability is allocated to the earliest period in which the Bank can be required to pay.

Selanjutnya, liabilitas keuangan tingkat bunga mengambang menggunakan kurva suku bunga yang tersedia pada akhir periode pelaporan untuk memproyeksikan arus kas bunga.

Furthermore, floating rate financial liabilities uses interest curve existing at the end of reporting period to project interest cash flows.

- 100 -


197



Tabel dibawah menunjukkan profil jatuh tempo liabilitas keuangan Bank berdasarkan arus kas kontraktrual tidak terdiskonto:

The table below shows the maturity profile of the Bank’s financial liabilities based on the contractual undiscounted cash flows:


Liabilitas keuangan Tanpa suku bunga: Liabilitas segera Liabilitas derivatif Liabilitas akseptasi Liabilitas lain-lain


> 3 bulan s/d 12 bulan/ > 3 months 12 months

2014

> 1 tahun s/d 5 tahun/ > 1 year 5 years

Rp

> 5 tahun/ > 5 years

Rp

Jumlah/ Total

Rp

Rp

Financial liabilities Non-interest bearing Liabilities payable immediately Derivative payables Acceptance payables Other liabilities

1.443.926.956 1.815.914.784 105.222.783.188 544.737.147

2.612.502.715 66.239.585.666 -

6.064.275.310 21.368.701.370 -

231.397.397 -

-

1.443.926.956 10.724.090.206 192.831.070.224 544.737.147

Suku bunga variabel: Simpanan Pinjaman yang diterima Biaya yang masih harus dibayar

3.459.642.379.039 507.255.541.250 10.626.404.639

471.550.000.000 25.497.381.264

2.796.595.338.750 61.427.673.749

618.786.230.000 52.581.651.275

-

3.459.642.379.039 4.394.187.110.000 150.133.110.927

Variable interest rate Deposits Borrowings Accrued expenses

Suku bunga tetap: Simpanan Simpanan dari bank lain Pinjaman yang diterima Surat berharga yang diterbitkan Biaya yang masih harus dibayar

2.170.542.090.869 288.095.512.259 27.799.099.826

687.304.018.807 16.906.777.264

135.652.231.596 100.000.000.000 300.000.000.000 87.515.491.873

650.000.000.000 150.000.000.000 72.930.972.222

-

2.993.498.341.272 288.095.512.259 750.000.000.000 450.000.000.000 205.152.341.185

Fixed interest rate: Deposits Deposits from other banks Borrowings Securities issued Accrued expenses

-

12.896.252.619.215

Sub jumlah

6.572.988.389.957

1.270.110.265.716

3.508.623.712.648

1.544.530.250.894

Liabilitas komitmen Fasilitas kredit kepada nasabah yang belum digunakan Irrevocable letters of credit

28.831.194.331 40.456.350.663

6.550.397.689 181.026.407.549

88.700.106.116 21.538.607.758

470.828.160

40.737.000.000 -

164.818.698.136 243.492.194.130

Sub jumlah liabilitas komitmen

69.287.544.994

187.576.805.238

110.238.713.874

470.828.160

40.737.000.000

408.310.892.266

Sub total commitment liabilities

Liabilitas kontinjensi Bank garansi yang diterbitkan

45.565.516.052

112.606.006.383

239.715.272.608

224.955.524.294

622.842.319.337

Contingent liabilities Bank guarantees issued

622.842.319.337

Sub total contingent liabilities

Sub jumlah liabilitas kontinjensi Jumlah

Commitment liabilities

45.565.516.052

112.606.006.383

239.715.272.608

224.955.524.294

6.687.841.451.003

1.570.293.077.337

3.858.577.699.130

1.769.956.603.348


Liabilitas keuangan Tanpa suku bunga: Liabilitas segera Liabilitas derivatif Liabilitas akseptasi Liabilitas lain-lain

> 1 bulan s/d 3 bulan/ > 1 month 3 months

> 3 bulan s/d 12 bulan/ > 3 months 12 months

Rp

2013

Rp

> 1 tahun s/d 5 tahun/ > 1 year 5 years

40.737.000.000

14.066.808.699 24.850.630.961 -

1.718.660.305 -

Suku bunga variabel: Simpanan Pinjaman yang diterima Biaya yang masih harus dibayar

3.471.804.014.338 376.415.057.500 7.151.442.214

100.000.000.000 7.873.839.922

2.555.516.197.500 18.056.121.414

550.096.170.000 6.723.912.228

Suku bunga tetap: Simpanan Simpanan dari bank lain Pinjaman yang diterima Surat berharga yang diterbitkan Biaya yang masih harus dibayar

2.971.254.155.039 305.570.269.585 1.569.570.000 23.949.681.500

317.357.298.545 60.850.000.000 250.000.000.000 13.031.870.627

20.008.162.976 1.111.200.000 29.647.404.121

450.000.000.000 59.052.708.333 1.067.591.450.866

Rp

-

304.250.000 -

-

2.967.330.086 23.270.977.632 189.855.682.189 1.045.347.558

Financial liabilities Non-interest bearing Liabilities payable immediately Derivative payables Acceptance payables Other liabilities

3.471.804.014.338 3.582.331.675.000 39.805.315.778

Variable interest rate Deposits Borrowings Accrued expenses

3.308.619.616.560 366.420.269.585 252.680.770.000 450.000.000.000 125.681.664.581

Fixed interest rate: Deposits Deposits from other banks Borrowings Securities issued Accrued expenses

7.235.073.434.595

848.257.002.175

2.663.256.525.671

Liabilitas komitmen Fasilitas kredit kepada nasabah yang belum digunakan Irrevocable letters of credit

526.939.459 47.562.565.256

19.906.932.273 212.212.721.875

98.706.494.605 26.709.683.010

-

-

119.140.366.337 286.484.970.141

Sub jumlah liabilitas komitmen

48.089.504.715

232.119.654.148

125.416.177.615

-

-

405.625.336.478

Sub total commitment liabilities

Liabilitas kontinjensi Bank garansi yang diterbitkan

60.217.456.869

84.255.800.569

70.506.631.923

-

228.970.967.196

Contingent liabilities Bank guarantees issued

228.970.967.196

Sub total contingent liabilities

Sub jumlah liabilitas kontinjensi Jumlah

304.250.000

Total

Jumlah/ Total

Rp

5.239.686.306 93.904.306.775 -

Unused credit facilities granted Irrevocable letters of credit

13.927.405.830.818

> 5 tahun/ > 5 years

Rp

2.967.330.086 2.245.822.322 71.100.744.453 1.045.347.558

Sub jumlah

Sub total

11.814.482.663.307

Sub total Commitment liabilities

13.991.077.835

60.217.456.869

84.255.800.569

70.506.631.923

13.991.077.835

7.343.380.396.179

1.164.632.456.892

2.859.179.335.209

1.081.582.528.701

304.250.000

12.449.078.966.981

Unused credit facilities granted Irrevocable letters of credit

Total

RISIKO PASAR

MARKET RISK

Risiko pasar adalah risiko pada laporan keuangan dan rekening administratif termasuk transaksi derivatif, akibat perubahan secara keseluruhan dari kondisi pasar, termasuk risiko perubahan harga option.

Market risk is the risk at the statement of financial position and administrative accounts including derivative transaction, due to overall change of market condition, including the risk of option price change.

- 101 -


198



Risiko pasar meliputi antara lain risiko suku bunga, risiko nilai tukar, risiko ekuitas, dan risiko komoditas. Risiko suku bunga, risiko nilai tukar, dan risiko komoditas dapat berasal baik dari posisi trading book maupun posisi banking book. Sedangkan risiko ekuitas berasal dari posisi trading book.

Market risk comprises interest rate risk, exchange rate risk, equity risk and commodity risk. Interest rate, exchange rate risk and commodity risk can be derived from both the trading book position and the banking book position. Meanwhile, the equity risk is derived from trading book position

Namun demikian, penerapan manajemen risiko untuk risiko ekuitas dan komoditas hanya wajib diterapkan oleh bank yang melakukan konsolidasian dengan entitas anak. Dan untuk posisi data 31 Desember 2014 dan 2013, Bank hanya memiliki risiko pasar untuk risiko suku bunga dan risiko nilai tukar saja.

However, risk management implementation for equity and commodity risks are only obligatory for banks which consolidates with its subsidiaries. And for data position as of December 31, 2014 and 2013, Bank only has exposure market risk just for interest risk and exchange risk only.

Tujuan utama Bank mengelola risiko pasar adalah untuk meminimalkan kemungkinan dampak negatif akibat perubahan kondisi pasar terhadap aset dan permodalan Bank.

The Bank’s main objective of managing market risk is to minimize the possibility of negative impact due to market condition change on the Bank’s assets and capital.

Dalam mengukur risiko pasar, selain menggunakan metode standard (standardized approach) sebagaimana diatur dalam peraturan Bank Indonesia yang berlaku, Bank juga menggunakan metode pengukuran internal (internal measurement approach) untuk menghitung Value at Risk (VaR) risiko pasar dengan historical simulation yang diperuntukkan untuk kebutuhan internal Bank. Adapun asumsi-asumsi yang digunakan dalam menghitung VaR adalah sebagai berikut:

In measuring market risk, beside Bank uses standardized approach as stipulated in the prevailing Bank Indonesia regulations, Bank also used the internal measurement approach to calculate Value at Risk (VaR) of market risk using the historical simulation which is addressed to Bank’s internal need. While for the assumptions that Bank used to calculate VaR are as follows:

 Mata uang dasar adalah Rupiah.  Tingkat kepercayaan yang digunakan adalah 99%.  Tail smoothing menggunakan Linear Interpolation.  Holding period yang digunakan 10 hari.

 Base currency is Indonesian Rupiah.  Confidence level that used is 99%.

Bank menerapkan prosedur-prosedur tertentu dalam mengelola dan memantau risiko pasar, antara lain:

The Bank implements certain procedures in managing and overseeing market risk, including:

 Tail smoothing using linear interpolation  Holding period using 10 days



Memantau Posisi Devisa Neto (PDN) dengan menetapkan soft limit sebesar 90% x 20% x modal Bank, untuk memastikan bahwa Bank tidak melampaui limit PDN.



Monitoring Net Open Position (NOP) by setting the soft limit to 90% x 20% x Bank’s capital, to assure that Bank does not exceed the net open position.



Menyiapkan laporan repricing profile untuk memantau dampak tingkat suku bunga terhadap gap position, termasuk laporan maturity/repricing schedule untuk memantau basis risk dan repricing risk terhadap pendapatan bunga bersih (net interest income) dan nilai ekonomis bank (economic value of equity).



Preparing repricing profile report to monitor the effects of interest rate on position gap, including maturity report/repricing schedule to monitor basis risk and repricing risk against net interest income and economic value of equity.



Melakukan rekonsiliasi posisi baik untuk pricing suku bunga maupun pengendalian akurasi keuntungan dan kerugian transaksi, yang dikelola dan dicatat dalam sistem informasi manajemen.



Performing position reconciliation both for interest rate pricing and control of transaction profit and loss accuracy, managed and recorded in management information system.



Menetapkan dan memantau dealer limit, counter party line limit, dan limit per time bucket/band.



Implementing and monitoring dealer limit, counterparty line limit and per time bucket/band limit.

- 102 -


199





Memonitor kontrak transaksi hingga jatuh tempo dan melakukan penilaian kembali kredibilitas counterparty serta mencegah penempatan yang terkonsentrasi.



Monitoring transaction contract until maturity and reassessing counterparty’s credibility as well as preventing concentrated placement.



Menetapkan transaksi valuta asing dan pasar uang yang diperkenankan.



Setting the allowable exchange transaction and money market.



Melindungi nilai keuntungan dalam denominasi valuta asing dan biaya keuntungan/kerugian terhadap pergerakan yang berlawanan dari kurs valuta asing.



Protecting profit in foreign currency denomination and profit/loss cost against opposing movement of foreign currency.



Memantau potensi tingkat kerugian (value at risk) per holding period dan pada tingkat kepercayaan tertentu.



Monitoring value at risk per holding period and at certain confidence level.



Melakukan pemantauan terhadap kewajaran harga (suku bunga dan nilai tukar) terhadap harga pasar yang berlaku



Monitoring fairness price (interest rate and exchange rate) compared to prevailing market price.



Melakukan stress testing berdasarkan kejadian historis maupun berdasarkan skenario pergerakan harga pasar yang ekstrim untuk memastikan kecukupan alokasi modal.



Running stress test based on historical events and extreme market price movement scenario to assure capital allocation adequacy.

1.

Risiko nilai tukar

1. Exchange rate risk

rate

Bank menghadapi risiko mata uang melalui transaksi dalam mata uang asing. Bank memantau setiap risiko konsentrasi dalam kaitannya dengan mata uang individu yang kemudian dihubungkan dengan penjabaran transaksi mata uang asing dan aset dan liabilitas moneter dalam mata uang fungsional, yaitu Rupiah.

The Bank faces currency risk in the transactions in foreign currency. The Bank monitors every concentration risk in relation to individual currency, which is then connected with the translation of the foreign currency transaction and assets as well as monetary liability in functional currency, i.e. Rupiah.

Posisi valuta asing bersih dengan mata uang utama pada tanggal 31 Desember 2014 dan 2013 seperti terlihat pada tabel berikut ini dihitung berdasarkan ketentuan Bank Indonesia yang berlaku. Sesuai dengan peraturan, setiap bank diwajibkan untuk memelihara agregat dan keseimbangan posisi devisa neto maksimum 20% dari modal.

The foreign currency net position against major currencies as of December 31, 2014 and 2013 is shown in the table below, calculated pursuant to the prevailing Bank Indonesia’s provisions. In line with the regulation, every bank is required to maintain its aggregate and balance of net open position of maximum 20% of the capital.

Sensitivitas nilai tukar

Foreign exchange (forex) sensitivity

Analisa sensitivitas nilai tukar diukur dengan kemampuan ekses modal Bank untuk menyerap kerugian potensial dari nilai tukar yaitu membuat asumsi perubahan/fluktuasi nilai tukar yang berlawanan arah dengan masingmasing posisi nilai tukar. Fluktuasi nilai tukar dipilih yang lebih tinggi antara asumsi fluktuasi masing-masing nilai tukar sebesar 15% atau fluktuasi berdasarkan data historis selama setahun kebelakang. Pada tahun 2014 dan 2013 ekses modal Bank mampu menutup risiko nilai tukar masing-masing sebesar 376 kali dan 164 kali. Hal ini disebabkan karena posisi devisa neto Bank yang sangat rendah sedangkan ekses modal Bank yang tinggi, sehingga Bank dinilai sangat tidak rentan terhadap pergerakan nilai tukar.

Foreign exchange (forex) sensitivity analysis is measured by the ability of the Bank’s excess capital to absorb potential forex losses by assuming that forex fluctuation will go adversely to each forex position. The forex fluctuation chosen is the higher of assumed forex fluctuation for each exchange rate of 15% or historical data for one year. In 2014 and 2013, the Bank’s excess capital was able to cover potential loss from forex risk 376 times and 164 times, respectively. This was because the Bank held a very low net open position, while its excess capital was very high;; thus, the Bank is considered very unsusceptible to forex movements.

- 103 -


200



Berdasarkan Peraturan Bank Indonesia (PBI) No. 5/13/PBI/2003 tanggal 17 Juli 2003, yang telah diubah dengan PBI No. 6/20/PBI/2004 tanggal 15 Juli 2004 dan diubah lagi dengan PBI No. 7/37/PBI/2005 tanggal 30 September 2005 dan yang terakhir dengan PBI No.12/10/PBI/2010 tanggal 1 Juli 2010, Bank wajib mengelola dan memelihara posisi devisa netonya setinggi-tingginya 20% dari modal termasuk posisi devisa neto setiap 30 menit sejak sistem treasuri Bank dibuka sampai dengan sistem treasuri Bank ditutup. Berdasarkan pedoman Bank Indonesia, “posisi devisa neto” merupakan penjumlahan dari nilai absolut atas selisih bersih aset dan kewajiban untuk setiap mata uang asing dan selisih bersih tagihan dan kewajiban, berupa komitmen dan kontinjensi di rekening administratif, untuk setiap mata uang, yang semuanya dinyatakan dalam Rupiah.

Pursuant to Bank Indonesia Regulation (PBI) No. 5/13/PBI/2003 dated July 17, 2003, as amended by PBI No. 6/20/PBI/2004 dated July 15, 2004 and then by PBI No. 7/37/PBI/2005 dated 30 September 2005 and the latest by PBI No. 12/10/PBI/2010 dated July 1, 2010, the Bank shall manage and maintain the net open position of maximum 20% of the capital including net open position every 30 minutes from the opening of the system to the closing of the Bank’s treasury system. According to Bank Indonesia guidelines, "net open position" is the sum of the absolute value of the net difference between assets and liabilities for each foreign currency and the net difference between the receivables and payables, in the form of commitments and contingencies at the administrative accounts, for each currency, which are all expressed in Rupiah.

Berikut rincian Posisi Devisa Neto Bank:

The following is the Bank’s Net Foreign Exchange Position:

Mata uang/Currency Dollar Amerika Serikat/ United States Dollar Poundsterling Inggris/ British Poundsterling Yen Jepang/ Japanese Yen Dollar Hongkong/ Hongkong Dollar Dollar Australia/ Australian Dollar Euro/Euro Dollar Singapura/ Singapore Dollar Baht Thailand Thailand Baht/

Aset dan tagihan rekening administratif/ Assets and administrative asset accounts Mata uang asing/ Ekuivalen (Rp)/ Foreign currency Equivalent in Rp 710.843.585

8.803.797.805.550

18.761

361.872.565

6.050.532.978

626.593.195.201

12.636

20.180.509

5.457 1.197.995

55.385.502 18.033.421.356

1.570.237 58.103.750

Jumlah/Total

2014 Liabilitas dan liabilitas rekening administratif/ Liabilities and administrative liability accounts Mata uang asing/ Ekuivalen (Rp)/ Foreign currency Equivalent in Rp 710.495.257 6.040.273.781 -

8.799.483.760.570 625.530.752.862 -

Bersih - absolut/Net absolute Mata uang asing/ Ekuivalen (Rp)/ Foreign currency Equivalent in Rp 348.328

361.872.565

10.259.197

1.062.442.339

12.636

20.180.509

4.175 499

42.368.722 7.509.815

1.282 1.197.496

13.016.780 18.025.911.541

14.722.546.044

1.571.815

14.737.341.860

1.578

14.795.816

21.905.113.993

56.936.389

21.465.018.888

1.167.361

440.095.105

9.485.489.520.720

9.479.255.802.501

6.263.309.851

Modal/Total Capital

2.103.485.442.989

*) Persentase PDN terhadap modal/Percentage of NOP to Capital

Mata uang/Currency Dollar Amerika Serikat/ United States Dollar Poundsterling Inggris/ British Poundsterling Yen Jepang/ Japanese Yen Dollar Hongkong/ Hongkong Dollar Dollar Australia/ Australian Dollar Euro/Euro Dollar Singapura/ Singapore Dollar Baht Thailand Thailand Baht/ Jumlah/Total

4.314.044.980

18.761

Aset dan tagihan rekening administratif/ Assets and administrative asset accounts Mata uang asing/ Ekuivalen (Rp)/ Foreign currency Equivalent in Rp 661.852.459

0,30% 2013 Liabilitas dan liabilitas rekening administratif/ Liabilities and administrative liability accounts Mata uang asing/ Ekuivalen (Rp)/ Foreign currency Equivalent in Rp

8.054.744.426.152

17.559

353.119.977

6.736.448.556

779.743.920.358

7.176

11.266.849

6.360 1.943.626

69.047.470 32.573.222.295

1.316.016 11.346.193

656.135.350 6.732.554.827 -

7.985.167.209.037 779.293.221.225 -

Bersih - absolut/Net absolute Mata uang asing/ Ekuivalen (Rp)/ Foreign currency Equivalent in Rp 5.717.109

69.577.217.115

17.559

353.119.977

3.893.729

450.699.133

7.176

11.266.849

5.066 194

55.001.887 3.245.943

1.294 1.943.432

14.045.583 32.569.976.352

12.662.709.624

1.320.982

12.710.486.234

4.966

47.776.610

4.209.437.668

10.332.628

3.833.404.904

1.013.565

376.032.764

8.884.367.150.393

8.813.588.343.335

Modal/Total Capital

70.874.360.278 1.947.992.483.711

*) Persentase PDN terhadap modal/Percentage of NOP to Capital

3,63%

- 104 -


201


2.


*) Sesuai dengan peraturan Bank Indonesia, perhitungan persentase Posisi Devisa Neto terhadap modal menggunakan modal bulan sebelumnya.

*) According to Bank Indonesia regulations, the previous month’s capital should be used in the calculation of the percentage of Net Open Position to Capital.

Batas nilai (absolut) Posisi Devisa Neto yang diperkenankan pada tanggal 31 Desember 2014 dan 2013 masing-masing sebesar Rp 420.679 juta dan Rp 389.598 juta. Pada tanggal 31 Desember 2014 dan 2013 tidak terdapat pelampauan dari batas nilai (absolut) yang diperkenankan oleh Bank Indonesia.

The maximum limit of Net Open Position (absolute) as of December 31, 2014 and 2013 amounted to Rp 420,679 million and Rp 389,598 million, respectively. The Bank’s Net Open Position as of December 31, 2014 and 2013 did not exceed the maximum limit allowed by Bank Indonesia.

Persentase Posisi Devisa Neto terhadap modal pada tanggal 31 Desember 2014 dan 2013 menggunakan modal pada tanggal yang sama masing-masing sebesar 0,29% dan 3,58%.

The percentages of Net Open Position to capital as of December 31, 2014 and 2013 using capital as of the same dates are 0.29% and 3.58%, respectively.

Risiko Suku Bunga

2. Interest Rate Risk

Risiko suku bunga dalam banking book adalah potensi kerugian yang timbul akibat pergerakan suku bunga di pasar berlawanan dengan posisi bank yang mengandung risiko suku bunga khususnya posisi buku bank terhadap potensi profitabilitas bank (earning perspective) yang bersifat jangka pendek (kurang dari 1 tahun) maupun nilai ekonomis dari ekuitas bank (economic value perspective) yang bersifat jangka panjang (lebih dari 1 tahun).

Interest rate risk in the banking book is the potential loss arising from movements in interest rates in the market opposing the bank’s position that contains interest rate risk, especially banking book position against the short term (less than 1 year) potential profitability of banks (earnings perspective) and long term (more than 1 year) economic value perspective.

Kegiatan operasional Bank akan terpapar risiko pergerakan suku bunga apabila aset produktif (termasuk investasi) dan liabilitas yang sensitif terhadap suku bunga jatuh tempo atau direprice pada waktu yang berbeda atau dalam jumlah yang berbeda. Dalam hal aset dan liabilitas suku bunga mengambang, Bank juga menghadapi basis risk, yaitu perbedaan dari proses repricing terhadap berbagai tingkat suku bunga acuan mengambang, seperti suku bunga deposito, SBI enam bulan, JIBOR satu bulan, SIBOR enam bulan dan berbagai jenis suku bunga.

Bank’s operations will be exposed to the risk of interest rate movements if earning assets (including investments) and liabilities that are sensitive to maturity of interest rate or are repriced at different times or in different amounts. In terms of assets and liabilities of floating rate, the Bank also faces a basis risk, i.e. the difference between the repricing and various floating rate benchmark, such as deposit rates, six-month SBI, one month JIBOR, six-month SIBOR and various types of interest rates.

Kegiatan manajemen risiko dimaksudkan untuk mengoptimalkan pendapatan bunga bersih, sehingga tingkat bunga pasar konsisten dengan strategi bisnis Bank.

Risk management activities are intended to optimize net interest income, so the market interest rate is consistent with the Bank's business strategy

Untuk meminimalkan dampak perubahan suku bunga terhadap pendapatan Bank, Bank berupaya mengurangi kesenjangan antara risiko aset sensitif (RSA) dan risiko liabilitas sensitif (RSL). Jika suku bunga bergerak secara paralel pada aset dan pada liabilitas, Bank tidak terlalu terkena risiko suku bunga.

To minimize the impact of changes in interest rates on bank earnings, the Bank seeks to reduce the gap between risk sensitive assets (RSA) and risk sensitive liabilities (RSL). If interest rates move in parallel with the assets and liabilities, the Bank is not too much exposed to interest rate risk.

RSA Bank didominasi oleh kredit dan penempatan pada Bank Indonesia, dan RSL didominasi oleh dana pihak ketiga (giro dan deposito berjangka).

Bank’s RSA is dominated by loan and placements in Bank Indonesia, and RSL is dominated by the third party funds (demand deposits and time deposits).

- 105 -


202



Repricing profile aset dan liabilitas Bank yang sensitif terhadap suku bunga dan diurutkan berdasarkan rentang waktu suku bunga tersebut akan di-repricing (untuk floating rate) atau tanggal jatuh temponya (untuk fixed rate) dijelaskan pada Catatan 37.

Repricing profile of the assets and liabilities that were sensitive to interest rate sorted according to its periodic repricing for floating rates and by its tenor for fixed rates is described in Note 37.

Sensitivitas Suku Bunga

Interest rate sensitivity

Dalam pengelolaan risiko suku bunga, Bank menggunakan metodologi repricing schedule/gap report yang digunakan untuk menggambarkan besarnya eksposur risiko suku bunga, sedangkan untuk mengukur sensitivitas pendapatan (Net Interest Income Sensitivity/NII Sensitivity) akibat pergerakan suku bunga, Bank melakukan simulasi dengan skenario kenaikan dan penurunan suku bunga (rate shock) secara parallel shift sebesar 100 basis points (bps) tetap untuk semua periode waktu.

In managing interest rate risk, the Bank is using a repricing schedule/gap report to describe the level of interest rate risk exposure, while to measure the sensitivity of earnings (Net Interest Income Sensitivity/NII Sensitivity) due to movements in interest rates, Bank simulates the scenario of volatile interest rates (rate shock) in parallel shift with fix rate 100 basis points (bps) for all time bucket.

Tabel berikut menyajikan dampak dari kemungkinan perubahan tingkat suku bunga terhadap pendapatan bunga bersih.

The following table setforth the impact of reasonable possible changes in the interest rates on net inrerest income.

2014 Kenaikan/(penurunan) pada basis Sensitivitas dari laba poin/Increase (rugi) sebelum pajak (decrease) in basis 2014/Sensitivity of profit points (loss) before tax for 2014 Rp Asumsi pergerakan suku bunga

+100bps -100bps

25.050.714.267 (25.050.714.267)

Assumption of parallel shift interest rate

2013 Kenaikan/(penurunan) pada basis Sensitivitas dari laba poin/Increase (rugi) sebelum pajak (decrease) in basis 2013/Sensitivity of profit points (loss) before tax for 2013 Rp Asumsi pergerakan suku bunga

+100 bps -100 bps

42.469.386.712 (42.469.386.712)

Assumption of parallel shift interest rate

Analisa sensitivitas suku bunga diukur dengan kemampuan ekses modal Bank untuk menyerap kerugian potensial dari pergerakan suku bunga, yaitu dengan membuat asumsi perubahan/fluktuasi suku bunga. Fluktuasi suku bunga yang dipilih adalah yang lebih tinggi antara asumsi fluktuasi masing-masing suku bunga laporan posisi keuangan rupiah sebesar 100 bps dan laporan posisi keuangan valas sebesar 100 bps atau fluktuasi berdasarkan data historis selama setahun ke belakang. Pada tahun 2014 dan 2013, ekses modal Bank mampu menutup risiko suku bunga masingmasing sebesar 8,50 kali dan 3,04 kali.

Interest rate sensitivity analysis is measured by the ability of Bank’s excess capital to absorb potential interest rates movements losses, by making the assumption of changes /fluctuations in interest rates. Fluctuations in interest rate to be chosen is the higher between the fluctuation assumptions of each rupiah statement of financial position interest rate of 100 bps and foreign currency statement of financial position of 100 bps or fluctuations based on historical data from prior year. In 2014 and 2013, excess capital could cover the Bank interest rate risk by 8.50 times and 3.04 times, respectively.

Tingginya coverage ekses modal terhadap sensitivitas suku bunga menunjukkan bahwa Bank sangat tidak rentan terhadap pergerakan suku bunga.

The high coverage of excess capital against the sensitivity of interest rates shows that the Bank is not vulnerable to interest rate movements.

- 106 -


203



Risiko Pasar - VaR

Market Risk - VaR

Berikut adalah rangkuman posisi VaR Bank yang berasal dari portofolio trading sebagai berikut:

A summary of the VaR position of the trading portfolio of the Bank is as follows:

2014

Suku bunga Nilai tukar

Rata-rata/ Average Rp

Tertinggi/ Maximum Rp

62.031.854 8.383.591.751

128.514.987 13.639.848.678

2013 Terendah/ Minimum Rp 51.185.766 3.460.628.633

VaR akhir tahun/ Year-End VaR Rp 71.933.097 5.344.995.125

Rata-rata/ Average Rp

Tertinggi/ Maximum Rp

262.440.404 10.968.000.733

816.178.621 28.566.737.998

Terendah/ Minimum Rp 56.857.533 472.386.199

VaR akhir tahun/ Year-End VaR Rp 668.404.839 9.280.012.942

Interest rate Foreign exchange

RISIKO OPERASIONAL

OPERATIONAL RISK

Risiko operasional adalah risiko akibat ketidakcukupan dan/atau tidak berfungsinya proses internal, kesalahan manusia, kegagalan sistem, dan/atau adanya kejadian-kejadian eksternal yang mempengaruhi operasional Bank.

Operational risk is the risk due to inadequacy and/or non-functioning of internal processes, human error, system failure, and/or the presence of external events affecting the operations of the Bank.

Risiko operasional dapat bersumber antara lain dari sumber daya manusia (SDM), proses internal, sistem dan infrastruktur, serta kejadian eksternal.

Operational risk can be derived among others from the human resources (HR), internal processes, systems and infrastructure, as well as external events.

Tujuan utama Bank mengelola risiko operasional adalah untuk meminimalkan kemungkinan dampak negatif dari tidak berfungsinya proses internal, kesalahan manusia, kegagalan sistem, dan/atau kejadian-kejadian eksternal.

The main purpose of managing the Bank's operational risk is to minimize the possible negative impact of non-functioning of internal processes, human error, system failure, and/or external events.

Prosedur meliputi:

Procedures to address operational risk include :

untuk

mengatasi

risiko

operasional



Menetapkan kebijakan reward termasuk remunerasi dan punishment yang efektif yang terintegrasi dalam sistem penilaian kinerja dalam rangka mendukung pelaksanaan manajemen risiko yang optimal.

 Establish policies including remuneration rewards and punishments which are effectively integrated in the performance appraisal system in order to support the optimal implementation of risk management.



Memberlakukan kode etik kepada seluruh pegawai pada setiap jenjang organisasi dan menerapkan sanksi secara konsisten kepada pejabat dan pegawai yang terbukti melakukan penyimpangan dan pelanggaran.

 Adopt a code of conduct to all employees at every level of organization and to consistently apply sanctions to the officials and employees who are found guilty of misdemeanor and violations.



Membangun Business Continuity Management (BCM), yaitu proses manajemen (protokol) terpadu dan menyeluruh untuk memastikan kelangsungan operasional Bank dalam menjalankan bisnis dan melayani nasabah.

 Build a Business Continuity Management (BCM), which is the integrated and comprehensive management process (protocol) to ensure continuity of operations of the Bank in conducting business and serving customers.



Memastikan bahwa Bank telah menerapkan kebijakan prinsip mengenal nasabah dengan melakukan Customer Due Dilligence (CDD) atau Enhanced Due Dilligence (EDD) secara berkala dan konsisten sesuai dengan eksposur Risiko Operasional.

 Ensure that the Bank has implemented a policy to carry out the know your customer principles of Customer Due Diligence (CDD) or Enhanced Due Diligence (EDD) regularly and consistently in accordance with the Operational Risk exposures.



Mengumpulkan data risiko operasional untuk memperbaiki aktivitas operasional.

 Collect operational risk operational activities.

- 107 -


data

to

improve

204





Mengetahui sumber kerugian operasional potensial sehingga memungkinkan Bank untuk mengambil tindakan pencegahan yang diperlukan.

 Know the source of potential operational losses, so as allowing the Bank to take necessary precautions.



Melakukan identifikasi risiko yang melekat pada tiap kegiatan operasional melalui penilaian risiko kendali operasional.

 Identify the risks inherent in each operational activity through operational control risk assessment.



Penilaian secara berkala terhadap risiko operasional yang dihadapi serta kecukupan kontrol dan prosedur untuk mengatasi risiko yang teridentifikasi.

 Periodically assess operational risks faced and the adequacy of controls and procedures to address the identified risks.



Pengembangan rencana kontinjensi memitigasi risiko operasional.

 Develop contingency operational risk.



Pelatihan dan pengembangan profesional untuk seluruh karyawan

 Conduct training and development for all employees.



Melakukan identifikas risiko operasional melalui Operational Risk Self Assessment (ORSA) secara berkala.

 Identify operational risk through periodical Operational Risk Self Assessment (ORSA).

untuk

plans

to

mitigate

professional

RISIKO REPUTASI

REPUTATION RISK

Risiko reputasi adalah risiko akibat menurunnya tingkat kepercayaan pemangku kepentingan (stakeholder) yang bersumber dari persepsi negatif terhadap Bank.

Reputation risk is the risk due to declining levels of stakeholders’ trust, which is derived from the negative perception toward the Bank.

Risiko reputasi dapat bersumber dari berbagai aktivitas bisnis Bank sebagai berikut :

Reputation risk can be sourced from the Bank's business activities as follows:



kejadian-kejadian yang telah merugikan reputasi Bank, misalnya pemberitaan negatif di media massa, pelanggaran etika bisnis, dan keluhan nasabah; atau

 events that are detrimental to the reputation of the Bank, for example, negative news in the media, violations of business ethics, and customer complaints; or



hal-hal lain yang dapat menyebabkan risiko reputasi, misalnya kelemahan-kelemahan pada tata kelola, budaya perusahaan, dan praktik bisnis Bank

 other things that can give rise to reputation risk, such as weaknesses in corporate governance, corporate culture and business practices of Bank

Tujuan utama Bank mengelola risiko reputasi adalah untuk mengantisipasi dan meminimalkan dampak kerugian dari risiko reputasi Bank.

The Bank's main purpose of managing the reputation risk is to anticipate and minimize the risk of loss from the Bank's reputation.

Prosedur untuk mengatasi risiko reputasi meliputi:

The procedures to address reputation risk include:



Mengidentifikasi risiko reputasi yang terjadi pada bisnis atau aktivitas unit tersebut dan sebagai front liner dalam membangun dan mencegah risiko reputasi, khususnya terkait hubungan dengan nasabah.

 Identify reputation risk that occurs on a business or the activity of the unit and being a front liner in building and preventing the reputation risk, especially regarding the relationship with the customer.



Menetapkan parameter risiko reputasi dan mitigasi dalam pengelolaan risiko reputasi.

 Establish reputation risk parameters and mitigation in management of reputation risk.



Menetapkan kebijakan dan prosedur komunikasi untuk memastikan penyampaian pesan yang konsisten dan liputan media serta komunikasi massa yang positif.

 Establish policies and communication procedures to ensure delivery of consistent messages and positive mass media coverage and communication.

- 108 -


205





Melakukan monitoring terhadap berita di media, khususnya berita negatif mengenai Bank dan mengambil langkah-langkah yang diperlukan untuk meminimalkan dampak dari pemberitaan tersebut.

 Conduct monitoring of the media news, especially the negative news about the Bank and take the necessary steps to minimize the impact of the news.



Melaksanakan evaluasi secara harian atas risiko reputasi yang dihadapi Bank dan dituangkan dalam suatu Laporan Media Monitoring. Pengelolaan risiko reputasi ini secara komprehensif dilakukan oleh Bagian Planning, termasuk menjalankan fungsi kehumasan dan merespons pemberitaan negatif atau kejadian lainnya yang mempengaruhi reputasi Bank dan dapat menyebabkan kerugian Bank.

 Carry out a daily evaluation of the reputation risks facing the Bank and this is set forth in the Media Monitoring Report. This management of reputational risk is comprehensively undertaken by Planning Division, including the public relations function and responding to negative news or other events affecting the Bank's reputation and may lead to loss of the Bank.



Memantau penyelesaian komplain nasabah dan mengkomunikasikan informasi yang dibutuhkan pemangku kepentingan: investor, nasabah, kreditur, asosiasi, dan masyarakat.

 Monitor completion of customer complaints and communicate the information required by the stakeholders: investors, customers, creditors, associations, and societies.



Melakukan pencegahan terjadinya kejadian yang menimbulkan risiko reputasi, yang secara umum dilakukan melalui serangkaian aktivitas seperti tanggung jawab sosial perusahaan (Corporate Social Responsibility), untuk pemberdayaan masyarakat dalam bentuk kegiatan ekonomi/sosial yang diharapkan dapat membangun reputasi positif dari pemangku kepentingan terhadap Bank dan melakukan komunikasi/edukasi secara rutin kepada pemangku kepentingan dalam rangka membentuk reputasi positif dari pemangku kepentingan.

 Prevent events that lead to the occurrence of reputation risk, which is generally performed through a series of activities such as Corporate Social Responsibility, for community empowerment in the form of economic/social activity which is expected to build a positive reputation of the Bank and stakeholders and build communication/education on a regular basis to stakeholders in order to establish a positive reputation of stakeholders.

RISIKO KEPATUHAN

COMPLIANCE RISK

Resiko kepatuhan merupakan risiko yang disebabkan Bank tidak mematuhi atau tidak melaksanakan peraturan perundang-undangan dan ketentuan lain yang berlaku.

Compliance risk is the risk from non-compliance of Bank to implement laws and other applicable provisions.

Risiko kepatuhan dapat bersumber antara lain dari penyimpangan atau pelanggaran dari ketentuan atau peraturan perundang-undangan yang berlaku dan dari standar yang berlaku secara umum.

Compliance risk can be derived from, among others, violation of the Bank’s prevailing provisions or regulations and from defiance or contradiction of the generally applicable standards.

Tujuan utama Bank dalam mengelola risiko kepatuhan adalah untuk memastikan bahwa proses manajemen risiko dapat meminimalkan kemungkinan dampak negatif dari perilaku Bank yang menyimpang atau melanggar standar yang berlaku secara umum, ketentuan dan/atau peraturan perundang-undangan yang berlaku.

Bank’s main objective in managing compliance risk is to ensure that the risk management process can minimize the possible negative impact of bank behavior that deviates or violates generally accepted standards, rules and/or prevailing regulations.

Prosedur meliputi:

Procedures to address compliance risks include:



untuk

mengatasi

risiko

kepatuhan

Merumuskan strategi guna mendorong terciptanya budaya kepatuhan dan membuat langkah-langkah dalam rangka mendukung terciptanya budaya kepatuhan pada seluruh kegiatan usaha Bank pada setiap jenjang organisasi.

 Formulate a strategy to encourage the creation of a culture of compliance and make the steps in order to support the creation of a culture of compliance in all activities of the Bank at every level of organization.

- 109 -


206





Memastikan bahwa seluruh kebijakan, ketentuan, sistem, dan prosedur, serta kegiatan usaha yang dilakukan Bank telah sesuai dengan peraturan perundang-undangan yang berlaku melalui proses review dan/atau pengkinian dan merekomendasikan penyempurnaan kebijakan, ketentuan, sistem, maupun prosedur yang dimiliki oleh Bank agar sesuai dengan ketentuan Bank Indonesia dan peraturan perundang-undangan yang berlaku.

 Ensure that all policies, rules, systems and procedures, as well as business activities of the Bank are in compliance with applicable legislation through the process of review and/or recommend updating and improvement of policies, rules, systems and procedures of the Bank to comply with the prevailing Bank Indonesia provisions and the legislation.



Peran pengendalian intern yang efektif, melalui petugas kepatuhan yang independen yang ada di setiap unit. Petugas kepatuhan bertanggung jawab kepada Direktur Kepatuhan, bukan kepada Unit di mana mereka ditugaskan.

 Play role of effective internal control, by an independent compliance officer in each unit. Compliance officers are responsible to the Director of Compliance, rather than to the Unit in which they are assigned.



Melakukan penilaian atas tingkat kepatuhan Bank terhadap peraturan Bank Indonesia dan perundang-undangan yang berlaku.

 Conduct an assessment of Bank’s level of compliance with the prevailing Bank Indonesia regulations and legislation.



Menetapkan kebijakan dan prosedur risiko kepatuhan, sebagai pedoman kerja dalam manajemen risiko kepatuhan.

 Establish policies and procedures of compliance risks, as the work guidelines in the management of compliance risk.



Mengkomunikasikan setiap kebijakan perusahaan kepada seluruh karyawan pada setiap jenjang organisasi dengan mengadakan sosialisasi atau menyampaikannya melalui media Intranet, serta mengadakan uji kepatuhan dan menerapkan compliance check sheet.

 Communicate any company policy to all employees at every level of organization with socialization or Intranet, and run a compliance test and implement a compliance check sheet.

RISIKO HUKUM

LEGAL RISK

Risiko hukum adalah risiko akibat tuntutan hukum dan/atau kelemahan aspek yuridis.

Legal risk is the risk due to lawsuits and/or weaknesses of juridical aspects.

Risiko hukum dapat bersumber antara lain dari kelemahan aspek yuridis yang disebabkan oleh lemahnya perikatan yang dilakukan oleh Bank, ketiadaan dan/atau perubahan peraturan perundang-undangan yang menyebabkan suatu transaksi yang telah dilakukan Bank menjadi tidak sesuai dengan ketentuan yang ada, dan proses litigasi baik yang timbul dari gugatan pihak ketiga terhadap Bank maupun Bank terhadap pihak ketiga.

The sources of legal risk include weakness of the juridical aspects that is caused by Bank’s lack of commitment, absence and/or changes in legislation which lead to a transaction that the Bank has conducted which is not in accordance with the existing provisions, and a litigation process whether arising from third-party’s lawsuit against the Bank or the Bank’s against any third party.

Tujuan utama Bank dalam mengelola risiko hukum adalah untuk memastikan bahwa proses manajemen risiko dapat meminimalkan kemungkinan dampak negatif dari kelemahan aspek yuridis, ketiadaan dan/atau perubahan peraturan perundang-undangan, dan proses litigasi.

Bank’s main objective of the managing legal risk is to ensure that the risk management process can minimize the possible negative impact of the weakness of the juridical aspect, absence and/or changes in legislation, and litigation.

Prosedur untuk mengatasi risiko hukum meliputi:

The procedures to address the legal risks include:



Melakukan pengukuran risiko hukum, dengan menggunakan beberapa paramater yang sesuai dengan kondisi Bank, antara lain berupa potensi kerugian akibat tuntutan litigasi, pembatalan perjanjian yang disebabkan oleh kelemahan perikatan, terjadinya perubahan peraturan perundang-undangan yang menyebabkan produk Bank menjadi tidak sejalan dengan ketentuan yang ada.

 Measure legal risk, using some of the parameters corresponding to the condition of the Bank, which include potential losses due to the demands of litigation, the cancellation of the agreement caused by the weakness of the engagement, a change in legislation that causes the Bank’s product being not in line with the existing provisions.

- 110 -


207





Melakukan kajian berkala terhadap dokumen hukum, perjanjian dan kontrak dengan pihak ketiga serta mengevaluasi kelemahan perjanjian yang dapat menimbulkan risiko hukum bagi Bank.

 Conduct periodic review of legal documents, agreements and contracts with third-party and evaluate agreement’s weaknesses that can lead to legal risks for banks.



Melakukan penilaian atas risiko hukum berdasarkan dari besarnya gugatan, perkara yang sudah atau mungkin disampaikan ke Bank.

 Conduct an assessment of legal risks based on the size of the lawsuit, the case which has been or may be brought against the Bank.



Menetapkan kebijakan pengelolaan risiko hukum.

prosedur

 Establish policies and procedures for the management of legal risks.



Menerapkan legal governance, legal consistency dan legal completeness dalam setiap aktivitas Bank.

 Apply legal governance, legal consistency, and legal completeness in every activity of the Bank.



Membentuk satuan kerja berupa unit yang berperan sebagai “legal watch,” yaitu, “unit legal” yang menyediakan analisis atau nasihat hukum kepada seluruh pegawai pada setiap jenjang organisasi.

 Establish a work unit, which is a "legal watch" unit, meaning the "legal unit" which provides analytical or legal advice to all employees at every level of organization.

dan

RISIKO STRATEJIK

STRATEGIC RISK

Risiko stratejik adalah risiko akibat ketidaktepatan dalam pengambilan dan/atau pelaksanaan suatu keputusan stratejik serta kegagalan dalam mengantisipasi perubahan lingkungan bisnis.

Strategic risk is the risk which is due to inaccurate formulation and/or implementation of a strategic decision and the failure in anticipating the changes in business environment.

Tujuan utama Bank dalam mengelola risiko stratejik adalah untuk memastikan bahwa proses manajemen risiko dapat meminimalkan kemungkinan dampak negatif dari ketidaktepatan pengambilan keputusan stratejik dan kegagalan dalam mengantisipasi perubahan lingkungan bisnis.

The main purpose of the Bank in managing strategic risk is to ensure that the risk management process can minimize the possible negative impact of inaccurate strategic decision-making and failure in anticipating the changes in business environment.

Prosedur untuk mengatasi risiko stratejik meliputi:

The procedures to address the strategic risks include:



Melakukan identifikasi sumber-sumber risiko stratejik, seperti kelemahan dalam proses formulasi strategi dan ketidaktepatan dalam perumusan strategi, sistem informasi manajemen yang kurang memadai, hasil analisa lingkungan internal dan eksternal yang kurang memadai, penetapan tujuan stratejik yang terlalu agresif, ketidaktepatan dalam implementasi strategi, dan kegagalan mengantisipasi perubahan lingkungan bisnis.

 Identify the sources of strategic risks, such as weaknesses in the strategy formulation process and inaccuracies in the formulation of strategy, inadequate management information system, the results of inadequate internal and external environmental analysis, setting of too aggressive strategic goals, inaccuracy in the strategy implementation, and failure in anticipating the changing business environment.



Melakukan pengukuran risiko stratejik menggunakan indikator atau parameter berupa tingkat kompleksitas strategi bisnis Bank, posisi bisnis Bank di industri perbankan, dan pencapaian rencana bisnis.

 Conduct strategic risk measurement using indicators or parameters of the complexity of the Bank's business strategy, Bank’s business position in the banking industry, and the achievement of business plan.



Melakukan pengendalian untuk memantau kinerja termasuk kinerja keuangan dengan cara membandingkan ‘hasil aktual’ dengan ‘hasil yang diharapkan’ untuk memastikan bahwa risiko yang diambil masih dalam batas toleransi dan melaporkan deviasi yang signifikan kepada Direksi.

 Implement controls to monitor performance including financial performance by comparing 'actual results' with 'expected results' to ensure that risks are taken within the limits of tolerance and report the significant deviation to the Board of Directors.

- 111 -


208





Menunjuk unit kerja tertentu (Bagian Planning) yang memiliki kewenangan dan tanggung jawab untuk menganalisa pencapaian aktual dibandingkan dengan target rencana bisnis yang disusun, termasuk melakukan kajian atas rencana bisnis yang sudah dibuat sesuai dengan kondisi internal Bank maupun kondisi eksternal secara umum, seperti kondisi makro ekonomi.

 Designate a specific work unit (Planning Division) which has the authority and responsibility to analyze the actual achievements as compared with the drawn up business plan targets, this includes a review of the business plan to check whether this has been prepared in accordance with the Bank’s internal condition and the general external conditions, such as macro economy conditions.



Menganalisa seluruh alternatif strategi yang tersedia setelah mempertimbangkan tujuan stratejik serta toleransi risiko Bank. Kedalaman dan cakupan analisa disesuaikan dengan skala dan kompleksitas kegiatan usaha Bank.

 Analyze all strategic alternatives available after taking into account Bank’s strategic objectives and risk tolerance. Depth analysis and coverage are adjusted to the scale and complexity of Bank operations.

41. INFORMASI SIGNIFIKAN LAINNYA a.

41. OTHER SIGNIFICANT INFORMATION

Manajemen Modal

a.

Capital Management

Perhitungan rasio Kewajiban Penyediaan Modal Minimum (KPMM) untuk tahun 2014 dan 2013 dilakukan sesuai dengan Peraturan Bank Indonesia No. 14/18/PBI/2012 tanggal 28 Nopember 2012 dan juga Peraturan Bank Indonesia No. 15/12/PBI/2013 tanggal 12 Desember 2013, untuk tahun 2012 dilakukan sesuai dengan Peraturan Bank Indonesia No. 14/18/PBI/2012 tanggal 28 Nopember 2012.

The capital adequacy ratio in 2014 and 2013 is calculated in accordance with the Bank Indonesia Regulation No. 14/18/PBI/2012 dated November 28, 2012 and also Bank Indonesia Regulation No. 15/12/PBI/2013 dated December 12, 2013, for year 2012 is calculated in accordance with the Bank Indonesia Regulation No. 14/18/PBI/2012 dated November 28, 2012.

Perhitungan rasio Kewajiban Penyediaan modal minimum (KPMM) dilakukan sesuai dengan Surat Edaran Bank Indonesia No.14/37/DPNP tanggal 27 Desember 2012, Surat Edaran Bank Indonesia No. 3/30/DPNP tanggal 14 Desember 2001, Surat Edaran Bank Indonesia No. 5/23/DPNP tanggal 29 September 2003 dan Surat Edaran Bank Indonesia No. 12/11/DPNP tanggal 31 Maret 2010.

The capital adequacy ratio was calculated in accordance with the Circular Letter of Bank Indonesia No. 14/37/DPNP dated December 27, 2012, the Circular Letter of Bank Indonesia No. 3/30/DPNP dated December 14, 2001, the Circular Letter of Bank Indonesia No. 5/23/DPNP dated September 29, 2003 and the Circular Letter of Bank Indonesia No. 12/11/DPNP dated March 31, 2010.

Untuk posisi Desember 2013, Perhitungan rasio Kewajiban Penyediaan modal minimum (KPMM) sesuai profil risiko dengan Surat Edaran Bank Indonesia No.14/37/DPNP tanggal 27 Desember 2012, Bank wajib memenuhi rasio kewajiban modal minimum sebesar minimum 9% sampai dengan 10% sesuai dengan penilaian profi risiko yang Bank.

For position as of December 2013, the calculation of minimum capital requirement based on risk profile with the circular letter of Bank Indonesia No. 14/37/DPNP dated December 27, 2012, Bank obliged to maintain minimum capital adequacy ratio by minimum 9% up to 10% based on Bank risk profile assessment.

- 112 -


209



Rasio kewajiban penyediaan modal Bank dengan memperhitungkan risiko kredit, risiko operasional dan risiko pasar pada tanggal 31 Desember 2014 dan 2013 adalah sebagai berikut: 2014 Rpjuta/ Rpmillion

Komponen Modal A. Modal Inti 1. Modal Disetor 2. Cadangan Tambahan Modal a. Tambahan Modal Disetor b. Cadangan umum c. Saldo laba yang tidak ditentukan penggunaannya setelah diperhitungkan pajak (100%)*) d. Laba tahun berjalan setelah diperhitungkan pajak (50%)*) e. Selisih transaksi perubahan ekuitas anak perusahaan f. Selisih kurang antara PPA dan cadangan kerugian penurunan nilai aset produktif g. Aset tidak berw ujud lainnya h. Penyertaan (50%) Jumlah B.

2013 Rpjuta/ Rpmillion

405.000

285.000

116.788 1.694.115

116.788 1.407.441

107.026 -

(259.436) (21.114) 2.042.379

256.740 -

(148.931) (21.114) 1.895.924

Modal Pelengkap (Maksimum 100% dari Modal Inti) 1. Cadangan Revaluasi Aset tetap 2. Cadangan Umum Penyisihan Penghapusan Aset Produktif/PPAP (maksimum 1,25% dari ATMR) 3. Penyertaan (50%) Jumlah

Total Modal Inti dan Modal Pelengkap Aset Tertimbang Menurut Risiko (ATMR) Untuk risiko kredit Untuk risiko operasional Untuk risiko pasar Rasio Kew ajiban Penyediaan Modal Minimum yang tersedia (%) KPMM dengan memperhitungkan risiko kredit dan operasional KPMM dengan memperhitungkan risiko kredit, operasional dan pasar

121.374 (21.114) 100.260

103.400 (21.114) 82.286

2.142.639

1.978.210

11.511.569

10.114.712

912.625

811.580

18.103

91.217

Composition of Capital A. Core Capital 1. Paid-up Capital 2. Additional Capital Reserves a. Additional Paid-in Capital b. General Reserves c. Unappropriated retained earnings after tax (100%)*) d. Current year's income after tax (50%)*) e. Difference from equity changes on subsidiary f. Difference betw een provision for posible asset loss and provision for impairment value of earning assets g. Other intangible assets h. Investment (50%) Total B. Supplementary Capital (Maximum of 100% of Core Capital) 1. Revaluation Increment on Premises and Equipment 2. General Reserves of Allow ance for Possible Losses on Earning Assets (maximum of 1.25% of ATMR) 3. Investments (50%) Total Total Core and Supplementary Capital Risk Weighted Assets (ATMR) For credit risk For operational risk For market risk Capital Adequacy Ratio (%)

Rasio Kew ajiban Penyediaan Modal Minimum yang diw ajibkan (%) *)

The Bank’s capital adequacy ratio with consideration for credit, operational and market risks as of December 31, 2014 and 2013 are as follows:

17,25%

18,11%

17,22%

17,96%

8%

8%

Tidak termasuk pengaruh pajak tangguhan

CAR w ith credit and operational risk CAR w ith credit, operational and market risk Minimum Capital Adequacy Ratio Required (%) *) Excludes effect of deferred taxes

- 113 -


210


b.


Rasio kewajiban penyediaan modal minimum Bank secara konsolidasian pada tanggal 31 Desember 2014 dan 2013 dengan memperhitungkan risiko kredit dan operasional masing-masing adalah 17,61% dan 18,40% dan dengan memperhitungkan risiko kredit, operasional dan pasar masingmasing adalah 17,58% dan 18,25%.

Bank’s minimum capital adequacy ratio on consolidated basis as at December 31, 2014 and 2013 after considering credit and operational risk is 17.61% and 18.40%, respectively, and after considering credit, operational and market risk is 17.58% and 18.25%, respectively.

Surat Edaran Bank Indonesia No. 8/27/DPNP tanggal 27 Nopember 2006 tentang prinsip kehati-hatian dan laporan dalam rangka penerapan manajemen risiko secara konsolidasian bagi bank yang melakukan pengendalian terhadap entitas anak, mewajibkan bank di Indonesia memperhitungkan Kewajiban Penyediaan Modal Minimum (KPMM) secara konsolidasian.

Circular Letter of Bank Indonesia No. 8/27/DPNP dated November 27, 2006 regarding prudence and report in connection with the implementation of consolidated risk management for banks which controlled the subsidiary, requires banks in Indonesia to calculate consolidation Capital Adequacy Ratio.

Rasio Aset produktif yang diklasifikasikan terhadap total Aset produktif pada tanggal 31 Desember 2014 dan 2013 masing-masing adalah sebesar 2,82% dan 1,89%.

42. TRANSAKSI NON KAS

b.

The ratios of classified earning assets to total earning assets as of December 31, 2014 and 2013 are 2.82% and 1.89%, respectively.

42. NON-CASH TRANSACTION

Pada tahun 2014, terdapat transaksi non kas yang berasal dari reklasifikasi biaya renovasi ke aset tetap sebesar Rp 20.111.712.400.

In 2014, there is a non-cash transaction from reclassification of renovation cost to premises and equipments amounting to Rp 20,111,712,400.

43. INFORMASI KEUANGAN TERSENDIRI ENTITAS INDUK

43. FINANCIAL INFORMATION OF THE PARENT COMPANY ONLY

Informasi keuangan tersendiri entitas induk menyajikan informasi laporan posisi keuangan, laporan laba rugi komprehensif, perubahan ekuitas dan arus kas, dimana penyertaan saham pada entitas anak dipertanggungjawabkan dengan metode biaya.

The financial information of the parent company only presents statements of financial position, statements of comprehensive income, statements of changes in equity and statements of cash flows information in which investments in its subsidiary were accounted using the cost method.

Informasi keuangan tersendiri entitas induk disajikan pada halaman 117 sampai dengan 122.

Financial information of the parent company only, was presented on pages 117 to 122.

44. KONTINJENSI 

44. CONTINGENCIES

Bank sebagai agen jaminan kredit sindikasi PT. Surabaya Agung Industri Pulp & Kertas, Tbk sejak 06 Juli 1995. ZT Holding, Pte, Ltd mengakui sebagai Kreditur sindikasi PT. Surabaya Agung Industri Pulp & Kertas, Tbk sejak 7 November 2007.



PT. Surabaya Agung Industri Pulp & Kertas, Tbk dinyatakan pailit oleh Pengadilan Niaga Surabaya dalam Putusan No. 01/PKPU/2013/PN.Niaga.Sby, tanggal 16 April 2013. Kurator meminta dokumen jaminan asli kepada Bank melalui suratnya No. 114.01/PAILIT-SAIP/JP-JOS/V/13, tanggal 26 September 2013, yang kemudian diserahkan oleh Bank pada tanggal 18 November 2013.

The Bank is an agent of a syndicated loan provided to PT Surabaya Agung Industri Pulp & Kertas, Tbk since July 6, 1995. ZT Holding, Pte, Ltd. acknowledged that the Company has been a creditor for the former (PT Surabaya Agung Industri Pulp & Kertas, Tbk) since November 7, 2007. PT Surabaya Agung Industri Pulp & Kertas, Tbk, was declared bankrupt by the Commercial Court Surabaya as stated in Bankruptcy Order No. 01/PKPU/2013/PN.Niaga.Sby, dated on April, 16 2013. The curator asked for original copies of collateral documents to the Bank through its letter No. 114.01/PAILIT-SAIP/JPJOS/V/13 on September 26, 2013, which was handed in by the Bank to the curator on November 18, 2013.

- 114 -


211





Putusan Pengadilan Niaga No. 21/Pdt.Sus-Gugatan lainlain/2014/PN.NIAGA.Sby, tanggal 11 Desember 2014 memutuskan bahwa asli Dokumen Jaminan harus tetap dipegang oleh Kurator yang nantinya akan dilakukan pelelangan/penjualan sesuai dengan ketentuan UU Kepailitan.

The Order of Commercial Court No. 21/Pdt.Sus-Gugatan lainlain/2014/PN.Niaga.Sby dated on December 11, 2014 determines that original collateral documents have to be kept by the Curator, that will be used in auction or sale of the collaterals in accordance with applicable Bankruptcy Law.

Pada tanggal 10 November 2014, ZT Holding, Pte, Ltd melaporkan Bank dengan nomor laporan LP/4088/XI/2014/PMJ/Ditreskrimum, tanggal 10 November 2014, atas tindak pidana penggelapan. Menurut ZT Holding, Pte, Ltd, Bank memberikan dokumen jaminan kepada Kurator PT. Surabaya Agung Industri Pulp & Kertas, Tbk (dalam pailit) tersebut merupakan tindak pidana penggelapan. Sampai dengan laporan ini diterbitkan hal ini masih menunggu keputusan di Polda Metro Jaya.

On November 10, 2014, ZT Holding, Pte, Ltd, reported against the Bank a criminal case of a fraudulent activity through report No. LP/4088/XI.2014/PMJ/Ditreskrimum dated on November 10, 2014. According to ZT Holding, Pte, Ltd, the act of handing in collateral documents to the curator of PT. Surabaya Agung Industri Pulp & Kertas, Tbk by the Bank (during the bankruptcy then), is a fraudulent act. Up to the date of this report, the case is still awaiting the decision of Disrict Police Office.

Pada tanggal 14 November 2014, Pengadilan Negeri Surabaya mengabulkan gugatan perdata perbuatan melawan hukum Pte, Ltd dengan ZT Holding, No. 930/Pdt.G/2014/PN.Sby.

On November 14, 2014, Surabaya District Court granted the civil lawsuit against ZT Holding, Pte, Ltd No. 930/Pdt.G/2014/PN.Sby.

Sampai dengan laporan diterbitkan, hal ini masih menunggu keputusan Pengadilan Negeri Surabaya.

Up to the date of this report, the case is still awaiting the decision of Surabaya District Court.

Bank memberikan fasilitas kredit (pinjaman) No. 110049RLH tanggal 27 Juni 2011 kepada PT. Rajawali Towerindo Perkasa (PT RTP) yang bergerak dibidang Pembangunan BTS Tower, yang selanjutnya akan disewakan kepada para operator seluler.



The Bank granted a credit facility (loan) No. 110049RLH to PT Rajawali Towerindo Perkasa (PT. RTP) on June 27, 2011. PT RTP is a construction company to build the BTS Tower, which will be leased to mobile phone network operators upon completion.

Sejak Juni 2012, PT RTP tidak melakukan pembayaran angsuran bulanan kepada Bank. Dengan tidak dilaksanakannya kewajiban pelunasan seluruh utang oleh PT RTP kepada Bank, maka Bank melakukan gugatan perdata dan sita jaminan pada tanggal 23 September 2013 yang terdaftar dengan nomor perkara 442/Pdt.G/2013/PN.Jkt.Pst atas wanprestasi perjanjian kredit.

Since June 2012, PT. RTP did not make any installment payments to the Bank. By not fulfilling its financial obligations to the Bank, the Bank filed for civil lawsuit and seizure of collateral in September 23, 2013. The case was listed under case No. 442/Pdt.G/2013/PN.Jkt.Pst concerning default of payment and violation of credit agreement.

Dalam putusan gugatan perdata tertanggal 20 Mei 2014, Majelis Hakim mengabulkan eksepsi dan menyatakan bahwa gugatan Bank tidak dapat diterima.

In reference to the court decision dated in May 20, 2014, the panel of judges granted exceptions and stated that the legal complaint filed by the Bank was rejected.

Tanggal 3 Juli 2014, Bank melakukan memori banding atas putusan Pengadilan Negeri Jakarta Pusat No. 442/Pdt.G/2013/PN.Jkt.Pst tertanggal 20 Mei 2014 kepada Pengadilan Tinggi Jakarta.

On July 3, 2014, the Bank filed an appeal upon the District Court Central Jakarta No. 442/Pdt.G/2013/PN.Jkt.Pst dated May 20, 2014 to the Supreme Court in Jakarta.

Pada tanggal 24 November 2014, Pengadilan Tinggi Jakarta, menerima permohonan banding Bank dan membatalkan putusan Pengadilan Negeri Jakarta Pusat No. 442/Pdt.G/2013/PN.Jkt.Pst tanggal 20 Mei 2014.

On November 24, 2014, the Supreme Court in Jakarta issued a decision in favor of the Bank and revoked the decision No. 442/Pdt.G/2013/PN.Jkt.Pst previously made by the District Court in Central Jakarta dated on May 20, 2014.

Sampai dengan saat ini, Bank masih menagih kepada debitur untuk membayar pokok utang senilai Rp 58.235.000.000 beserta bunga dan dendanya.

Currently, the Bank is asking the debtor to repay the loan principal amounting to Rp 58,235,000,000 as well as incurred interests and late payment fees.

- 115 -


212


45. PERISTIWA SETELAH TANGGAL PELAPORAN


45. EVENTS AFTER THE REPORTING PERIOD

BANK

THE BANK



Berdasarkan Akta Penegasan Susunan Anggota Direksi dan Dewan Komisaris No. 1 tanggal 16 Januari 2015, dilakukan pengangkatan atas Bellarminus Budijanto Jahja selaku Direktur yang membawahi fungsi kepatuhan, menggantikan Muhammad Akbar, yang berlaku efektif sejak akta ini ditandatangani, dan Makoto Hasegawa sebagai Komisaris yang akan efektif ketika OJK menerbitkan persetujuan terhadap pengangkatan tersebut.



Berdasarkan perjanjian (Master) Head of agreement on sale on leaseback or buyback for Gedung Bank Resona Perdania antara Bank dan PT Mitra Panca Persada (MPP), seperti yang dijelaskan dalam Catatan 13, pada tanggal 30 Januari 2015, Bank melakukan eksekusi opsi beli gedung seluas 6.000 m2 kepada MPP dengan melakukan pembayaran booking fee sebesar 420.000 dan PPN sebesar USD Rp 525.084.000. Dan pada tanggal 27 Februari 2015, Bank telah melakukan cicilan pembayaran uang muka sebesar 630.000 dan PPN sebesar USD Rp 807.723.000.

46. REKLASIFIKASI AKUN

B



Based on Deed Affirmation Composition of the Board of Directors and Board of Commissioner No. 1 dated January 16, 2015, the appointment of Bellarminus Budijanto Jahja as a Compliance Director to replace Muhammad Akbar, effective on the date of the deed was signed, and Makoto Hasegawa as Commissioner will be effective when OJK issuing approval for the appointment.



Based on agreement (Master) Heads of Agreement on Sales & Leaseback or Buyback for Gedung Resona Perdania between Bank and PT Mitra Panca Persada (MPP), as explained in Note 13, on January 30, 2015, the Bank executed the option to purchase the office space area of 6,000 m2 from MPP with the booking fee payment of USD 420,000 and value added tax amounting to Rp 525,084,000. On February 27, 2015 the Bank paid the advance installment payment of USD 630,000 and value added tax amounting to Rp 807,723,000.

46. RECLASSIFICATION OF ACCOUNTS

Akun beban premi penjaminan yang dalam laporan laba rugi komprehensif konsolidasian tahun 2013 disajikan sebagai provisi dan komisi yang dibayar dalam komponen beban bunga telah direklasifikasi agar sesuai dengan penyajian laporan laba rugi komprehensif konsolidasian tahun 2014, yaitu sebagai beban operasional lainlainnya.

Government guarantee premium which were presented as commissions and fee paid as part of interest expense in the consolidated statements of comprehensive income in 2013 has been reclassified to conform with the presentation of the consolidated statements of comprehensive income in 2014 into other operating expense-others.

47. TANGGUNG JAWAB MANAJEMEN DAN PERSETUJUAN LAPORAN KEUANGAN KONSOLIDASIAN DAN INFORMASI TAMBAHAN

47. MANAGEMENT RESPONSIBILITY AND APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

Penyusunan dan penyajian wajar laporan keuangan konsolidasian dari halaman 3 sampai dengan 116 dan informasi tambahan dari halaman 117 sampai 122 merupakan tanggung jawab manajemen dan telah disetujui oleh Direksi untuk diterbitkan pada tanggal 26 Maret 2015.

The preparation and fair presentation of the consolidated financial statements on pages 3 to 116 and supplementary information on pages 117 to 122 are the responsibilities of the management are approved and authorized for issue by the Bank’s Directors on March 26, 2015.

- 116 -


213

P.T. BANK RESONA PERDANIA DAFTAR I: INFORMASI LAPORAN POSISI KEUANGAN TERSENDIRI ENTITAS INDUK *) 31 DESEMBER 2014

P.T. BANK RESONA PERDANIA SCHEDULE I: PARENT ENTITY'S STATEMENT OF FINANCIAL POSITION *) DECEMBER 31, 2014

2014 Rp

2013 Rp ASSETS

ASET Kas

Cash

18.647.919.010

25.245.059.360

Giro pada Bank Indonesia

877.013.440.078

874.510.815.723

Demand Deposits with Bank Indonesia

Giro pada Bank Lain Pihak berelasi Pihak ketiga

32.469.943.939 740.207.920.895

6.316.572.336 852.678.575.413

Demand Deposits with Other Banks Related parties Third parties

772.677.864.834

858.995.147.749

Jumlah Penempatan pada Bank Indonesia dan Bank Lain Pihak ketiga Bunga yang belum diamortisasi Jumlah Efek-efek Pihak ketiga Bunga yang belum diamortisasi Jumlah Tagihan Derivatif - Pihak ketiga Kredit Pihak berelasi Pihak ketiga Cadangan kerugian penurunan nilai Bersih Tagihan Akseptasi - Pihak ketiga

2.080.635.039.140 (158.087.126)

1.724.590.000.000 (222.918.816)

2.080.476.952.014

1.724.367.081.184

335.912.424.360 (3.162.859.060)

274.571.778.230 (3.861.454.790)

332.749.565.300

270.710.323.440

17.099.378.527

36.994.833.601

10.000.000.000 10.599.133.472.103 (179.313.463.723) 10.429.820.008.380

60.157.875.000 9.711.393.550.236 (75.295.888.611) 9.696.255.536.625

Total Placements with Bank Indonesia and Other Banks Third parties Unamortized interest Total Securities Third parties Unamortized interest Total Derivative Receivables - Third parties Loans Related parties Third parties Allowance for impairment losses Net Acceptances Receivable - Third parties

192.831.070.224

189.855.682.189

Penyertaan Saham

42.227.933.142

42.227.933.142

Investment in Shares of Stock

Biaya Dibayar di Muka

47.259.497.360

70.951.238.693

Prepaid Expenses

Aset Tetap - Bersih

29.034.151.926

12.587.509.493

Premises and Equipment - Net

Aset Lain-Lain

27.154.505.329

46.445.647.340

Other Assets

JUMLAH ASET

14.866.992.286.124

13.849.146.808.539

*) DISAJIKAN MENGGUNAKAN METODE BIAYA

TOTAL ASSETS *) PRESENTED USING COST METHOD

- 117 -


214

P.T. BANK RESONA PERDANIA DAFTAR I: INFORMASI LAPORAN POSISI KEUANGAN TERSENDIRI ENTITAS INDUK *) 31 DESEMBER 2014 (Lanjutan)

LIABILITAS DAN EKUITAS

P.T. BANK RESONA PERDANIA SCHEDULE I: PARENT ENTITY'S STATEMENT OF FINANCIAL POSITION *) DECEMBER 31, 2014 (Continued)

2014 Rp

2013 Rp

LIABILITAS Liabilitas Segera

LIABILITIES AND EQUITY LIABILITIES Liabilities Payable Immediately

1.443.926.956

2.967.330.086

74.669.935.495 6.452.690.298.487

89.437.373.267 6.780.206.706.606

6.527.360.233.982

6.869.644.079.873

2.729.246.040 285.366.266.219

1.320.269.585 365.100.000.000

288.095.512.259

366.420.269.585

10.724.090.206

23.270.977.632

Liabilitas Akseptasi - Pihak ketiga

192.831.070.224

189.855.682.189

Acceptances Liabilities - Third parties

Surat Berharga yang Diterbitkan - Bersih

448.961.148.004

448.153.449.532

Securities Issued - Net

5.761.063.824

23.991.666.075

2.786.625.000.000 2.093.740.510.000

2.434.000.000.000 1.105.935.945.000

4.880.365.510.000

3.539.935.945.000

Biaya Masih Harus Dibayar

50.594.695.447

41.395.548.655

Accrued Expenses

Liabilitas Pajak Tangguhan

46.806.732.440

31.325.576.295

Deferred Tax Liabilities

Liabilitas Lain-Lain

13.206.372.829

9.594.788.935

Other Liabilities

12.466.150.356.171

11.546.555.313.857

Total Liabilities

Simpanan Pihak berelasi Pihak ketiga Jumlah Simpanan dari Bank Lain Pihak berelasi Pihak ketiga Jumlah Liabilitas Derivatif - Pihak ketiga

Utang Pajak Pinjaman yang Diterima Pihak berelasi Pihak ketiga Jumlah

Jumlah Liabilitas

Deposits Related parties Third parties Total Deposits from Other Banks Related parties Third parties Total Derivative Liabilities - Third parties

Taxes Payable Borrowings Related parties Third parties Total

EKUITAS

EQUITY

Modal Saham - nilai nominal Rp 100.000 per saham Modal dasar - 5.000.000 saham Modal ditempatkan dan disetor 4.050.000 saham tahun 2014 dan 2.850.000 tahun 2013

405.000.000.000

285.000.000.000

Capital Stock - Rp 100,000 par value per share Authorized - 5,000,000 shares Issued and paid-up - 4,050,000 shares in 2014 and 2,850,000 shares in 2013

Tambahan Modal Disetor

103.156.751.188

103.156.751.188

Additional paid-in capital

Saldo Laba Ditentukan penggunaannya Belum ditentukan penggunaannya

1.694.114.743.494 198.570.435.271

1.407.440.515.883 506.994.227.611

Retained Earnings Appropriated Unappropriated

Jumlah Ekuitas

2.400.841.929.953

2.302.591.494.682

Total Equity

14.866.992.286.124

13.849.146.808.539

JUMLAH LIABILITAS DAN EKUITAS *) DISAJIKAN MENGGUNAKAN METODE BIAYA

TOTAL LIABILITIES AND EQUITY *) PRESENTED USING COST METHOD

- 118 -


215

P.T. BANK RESONA PERDANIA DAFTAR II: INFORMASI LAPORAN LABA RUGI KOMPREHENSIF TERSENDIRI ENTITAS INDUK *) UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2014

P.T. BANK RESONA PERDANIA SCHEDULE II: PARENT ENTITY'S STATEMENT OF COMPREHENSIVE INCOME *) FOR THE YEAR ENDED DECEMBER 31, 2014

2014 Rp

2013 Rp

PENDAPATAN DAN BEBAN OPERASIONAL Pendapatan Bunga Bunga yang diperoleh Provisi dan Komisi Jumlah Pendapatan Bunga

798.302.758.333 16.883.401.587 815.186.159.920

663.234.008.929 15.812.479.057 679.046.487.986

OPERATING REVENUES AND EXPENSES Interest Revenues Interest earned Fees and commissions Total Interest Revenues

Beban Bunga Bunga yang dibayar Provisi dan Komisi Jumlah Beban Bunga

304.113.945.929 1.028.093.089 305.142.039.018

239.401.639.500 2.230.398.223 241.632.037.723

Interest Expenses Interest incurred Fees and commissions Total Interest Expenses

Pendapatan Bunga - Bersih

510.044.120.902

437.414.450.263

Interest Revenues - Net

66.519.095.055 4.999.600.000 37.025.110.105 4.744.693.018

101.939.892.222 4.999.600.000 34.579.099.382 4.330.593.735

OTHER OPERATING REVENUES AND EXPENSES Other Operating Revenues Gain on foreign exchange - net Dividend income Other fees and commissions Others - net

Jumlah Pendapatan Operasional Lainnya

113.288.498.178

145.849.185.339

Total Other Operating Revenues

Beban cadangan kerugian penurunan nilai

104.130.183.420

81.671.039.341

Provision for allowance for impairment losses

Beban Operasional Lainnya Umum dan administrasi Tenaga kerja Provisi dan komisi lainnya Premi penjaminan

137.701.247.276 85.152.099.228 13.967.239.214 13.139.026.868

81.041.982.636 78.872.393.864 12.793.862.603 12.092.474.696

Other Operating Expenses General and administrative Personnel Other fees and commissions Guarantee premium

Jumlah Beban Operasional Lainnya

249.959.612.586

184.800.713.799

Total Other Operating Expenses

Beban Operasional Lainnya - Bersih

240.801.297.828

120.622.567.801

Other Operating Expenses - Net

LABA OPERASIONAL

269.242.823.074

316.791.882.462

INCOME FROM OPERATIONS

PENDAPATAN DAN BEBAN OPERASIONAL LAINNYA Pendapatan Operasional lainnya Keuntungan transaksi mata uang asing - bersih Pendapatan dividen Provisi dan komisi lainnya Lain-lain - bersih

PENDAPATAN (BEBAN) NON OPERASIONAL Kerugian atas penghapusan dan penjualan aset tetap - bersih Keuntungan atas penjualan aset tidak lancar yang dimiliki untuk dijual Pendapatan sewa Lain-lain - bersih Jumlah Pendapatan (Beban) Non Operasional Bersih LABA SEBELUM BEBAN PAJAK BEBAN PAJAK LABA BERSIH TAHUN BERJALAN DAN JUMLAH LABA KOMPREHENSIF

1.204.313.980 (3.493.515.840)

266.689.625.254 2.946.167.253 968.078.825

NON-OPERATING REVENUES (EXPENSES) Loss on disposal and sale of premises and equipment - net Gain on sale of noncurrent assets held for sale Rental income Others - net

(3.676.993.158)

270.603.871.332

Total Non-Operating Revenues (Expenses) Net

265.565.829.916

587.395.753.794

INCOME BEFORE TAX EXPENSE

66.995.394.645

80.401.526.185

198.570.435.271

506.994.227.609

(1.387.791.298)

-


TAX EXPENSE NET PROFIT FOR THE YEAR AND TOTAL COMPREHENSIVE INCOME *) PRESENTED USING COST METHOD

- 119 -



405.000.000.000

Saldo per 31 Desember 2014


-

285.000.000.000 120.000.000.000 -

-

-

285.000.000.000

Saldo per 31 Desember 2013 Dividen tunai Dividen saham Pembentukan cadangan umum Laba bersih tahun berjalan dan jumlah laba komprehensif

Saldo per 1 Januari 2013 Selisih nilai transaksi restrukturisasi entitas sepengendali disajikan sebagai tambahan modal disetor Dividen tunai Pembentukan cadangan umum Laba bersih tahun berjalan dan jumlah laba komprehensif

Modal Saham/ Paid-up Capital Rp

P.T. BANK RESONA PERDANIA DAFTAR III: INFORMASI LAPORAN PERUBAHAN EKUITAS TERSENDIRI ENTITAS INDUK *) UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2014

103.156.751.188

-

103.156.751.188 -

-

(13.631.394.437) -

116.788.145.625

-

-

-

-

13.631.394.437 -

(13.631.394.437)

Selisih Nilai Transaksi Restrukturisasi Entitas Sepengendali/ Difference in Value from Restructuring Transaction among Tambahan Modal Disetor/ Entities under Additional Paid in Capital Common Control Rp Rp

- 120 -

1.694.114.743.494

-

1.407.440.515.883 286.674.227.611

-

248.594.758.000

1.158.845.757.883

198.570.435.271

198.570.435.271

506.994.227.611 (100.320.000.000) (120.000.000.000) (286.674.227.611)

506.994.227.611

(70.024.500.000) (248.594.758.000)

318.619.258.000

Saldo Laba/Retained Earnings Ditentukan Belum ditentukan Penggunaannya/ Penggunaannya/ Appropriated Unappropriated Rp Rp

Balance as of December 31, 2014

Balance as of December 31, 2013 Cash dividends Stock dividends Appropriation for general reserve Net profit for the year and total comprehensive income

Balance as of January 1, 2013 Differences in value of restructuring transactions among entities under common control presented as additional paid-in capital Cash dividends Appropriation for general reserve Net profit for the year and total comprehensive income

*) PRESENTED USING COST METHOD

2.400.841.929.953

198.570.435.271

2.302.591.494.682 (100.320.000.000) -

506.994.227.611

(70.024.500.000) -

1.865.621.767.071

Jumlah Ekuitas/ Total Equity Rp

P.T. BANK RESONA PERDANIA SCHEDULE III: PARENT ENTITY'S STATEMENT OF CHANGES IN EQUITY *) FOR THE YEAR ENDED DECEMBER 31, 2014

216

217

P.T. BANK RESONA PERDANIA DAFTAR IV: INFORMASI LAPORAN ARUS KAS TERSENDIRI ENTITAS INDUK *) UNTUK TAHUN YANG BERAKHIR 31 DESEMBER 2014

P.T. BANK RESONA PERDANIA SCHEDULE IV: PARENT ENTITY'S STATEMENT OF CASH FLOWS *) FOR THE YEAR ENDED DECEMBER 31, 2014 2014 Rp

ARUS KAS DARI AKTIVITAS OPERASI Laba sebelum beban pajak Penyesuaian untuk: Pendapatan bunga Beban bunga Keuntungan atas penjualan aset tidak lancar tersedia untuk dijual Beban cadangan kerugian penurunan nilai Selisih kurs atas cadangan kerugian penurunan nilai Beban imbalan pasca kerja Penyusutan aset tetap Kerugian atas penjualan aset tetap Amortisasi atas biaya emisi

2013 Rp

265.565.829.916

587.395.753.796

(798.302.758.333) 304.113.945.929

(663.234.008.929) 239.401.639.500

104.130.183.420

(266.689.625.254) 81.671.039.341

CASH FLOWS FROM OPERATING ACTIVITIES Income before tax expense Adjustments for: Interest revenue Interest expense Gain on sale of non current assets held for sale Provision for allowance for impairment losses Net foreign exchange loss (gain) on allowance for impairment losses Post-employment benefits Depreciation of premises and equipment Loss on sale of premises and equipment Amortization of issuance cost

(112.608.308) 28.831.571.569 17.349.058.888 1.387.791.298 807.698.472

3.873.250.427 10.942.780.157 3.579.266.546 1.914.786.802

(76.229.287.149)

(1.145.117.614)

(762.045.039.140) (837.582.046.867) 19.895.455.074 (2.975.388.035) 52.579.065.527 (1.523.403.130) (342.283.845.891) (2.207.544.681) (12.546.887.426) 2.975.388.035 (28.831.571.569) (37.783.964.761)

(68.364.000.000) (1.562.601.771.687) (23.059.273.290) 6.329.813.969 (89.333.207.094) (73.013.498.784) 1.381.924.993.578 4.729.571.306 15.446.987.232 (7.358.824.678) (10.942.780.157) (185.251.687.144)

Kas Digunakan untuk Aktivitas Operasi Pajak penghasilan yang dibayar Bunga yang diterima Bunga yang dibayar

(2.028.559.070.013) (67.537.296.070) 788.706.576.151 (253.519.250.482)

(612.638.794.363) (73.260.452.450) 655.610.620.722 (198.006.090.845)

Cash Used in Operating Activities Income tax paid Interest received Interest paid

Kas Bersih digunakan untuk Aktivitas Operasi

(1.560.909.040.414)

(228.294.716.936)

Net Cash Used in Operating Activities

Arus kas operasi sebelum perubahan modal kerja Perubahan modal kerja: Penempatan pada Bank Indonesia dan bank lain Kredit Tagihan derivatif Tagihan akseptasi Aset lain-lain Liabilitas segera Simpanan Utang pajak Liabilitas derivatif Liabilitas akseptasi Liabilitas imbalan pasca kerja Liabilitas lain-lain

ARUS KAS DARI AKTIVITAS INVESTASI Penempatan efek-efek

Operating cash flows before changes in working capital Changes in working capital: Placements with Bank Indonesia and other banks Loans Derivative receivables Acceptances receivable Other assets Liabilities payable immediately Deposits Tax payable Derivative liabilities Acceptances liabilities Post-employment benefits obligation Other liabilities

CASH FLOWS FROM INVESTING ACTIVITIES (62.039.241.860)

Hasil penjualan aset tetap Hasil penjualan aset tidak lancar tersedia untuk dijual Perolehan aset tetap

(35.511.983.527)

390.688.300.254 (8.152.797.345)

Placement in securities Proceeds from sale of premises and and equipment Proceeds from sale of non-current assets held for sale Acquisition of premises and equipment

Kas Bersih Diperoleh dari (Digunakan untuk) Aktivitas Investasi

(97.222.734.480)

306.307.911.370

Net Cash Provided by (Used in) Investing Activities

328.490.907

(76.235.468.778) 7.877.239


*) PRESENTED USING COST METHOD

- 121 -


218

P.T. BANK RESONA PERDANIA DAFTAR IV: INFORMASI LAPORAN ARUS KAS TERSENDIRI ENTITAS INDUK *) UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2014 (Lanjutan)

P.T. BANK RESONA PERDANIA SCHEDULE IV: PARENT ENTITY'S STATEMENT OF CASH FLOWS *) FOR THE YEAR ENDED DECEMBER 31, 2014 (Continued) 2014 Rp

2013 Rp

ARUS KAS DARI AKTIVITAS PENDANAAN Perubahan pinjaman yang diterima - bersih Pelunasan surat berharga yang diterbitkan Penurunan simpanan dari bank lain Pembayaran dividen tunai

1.340.429.565.000 (78.324.757.326) (100.320.000.000)

1.112.787.120.750 (151.149.499.999) (481.479.749.200) (70.024.500.000)

Kas Bersih Diperoleh dari Aktivitas Pendanaan

1.161.784.807.674

410.133.371.551

Net Cash Provided by Financing Activities

488.146.565.985

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

KENAIKAN (PENURUNAN) BERSIH KAS DAN SETARA KAS

(496.346.967.220)

CASH FLOWS FROM FINANCING ACTIVITIES Changes in borrowings - net Payment of securities issued Decrease in deposits from other banks Cash dividend payments

KAS DAN SETARA KAS AWAL TAHUN

3.154.528.104.016

2.666.381.538.031

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

KAS DAN SETARA KAS AKHIR TAHUN

2.658.181.136.796

3.154.528.104.016

CASH AND CASH EQUIVALENTS AT END OF YEAR

PENGUNGKAPAN TAMBAHAN Kas dan setara kas terdiri dari: Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Jumlah

18.647.919.010 877.013.440.078 772.677.864.834

25.245.059.360 874.510.815.723 858.995.147.749

989.841.912.874

1.395.777.081.184

2.658.181.136.796

3.154.528.104.016


SUPPLEMENTAL DISCLOSURES Cash and cash equivalents consist of: Cash Demand deposits with Bank Indonesia Demand deposits with other banks Placements with Bank Indonesia and other banks Total *) PRESENTED USING COST METHOD

- 122 -


219

Pengungkapan Permodalan Serta Pengungkapan Eksposur Risiko & Penerapan Manajemen Risiko Bank Disclosures of the Bank’s Capital, Risk Exposure & Risk Management Implementation


220

halaman ini sengaja dikosongkan This page is intentionally left blank


221

STRUKTUR PERMODALAN BANK Bank’s Capital Structure Struktur permodalan Bank terdiri dari modal inti dan modal pelengkap. Pada akhir tahun 2014, modal inti Bank sebesar Rp2,042 miliar terdiri dari: 1. Modal disetor sebesar Rp405 miliar. Modal disetor Bank tahun 2014 mengalami peningkatan sebesar 42,11% dari tahun 2013 sebesar Rp285 miliar. Peningkatan ini dikarenakan pada bulan Juni 2014, Bank melakukan pembagian Dividen Saham sebesar Rp120 miliar. 2. Cadangan tambahan modal sebesar Rp1.658 miliar dengan rincian: a. Agio sebesar Rp117 miliar b. Cadangan umum sebesar Rp1.694 miliar c. Laba tahun berjalan yang dapat diperhitungkan (50%) sebesar Rp107 miliar d. Selisih kurang antara PPA dan cadangan kerugian penurunan nilai atas aset produktif yang merupakan faktor pengurang sebesar Rp259 miliar. 3. Penyertaan Bank pada entitas anak yaitu PT Resona Indonesia Finance (50%) yang merupakan faktor pengurang sebesar Rp21 miliar.

The Bank capital structure consists of core capital and complementary capital. By the end of year 2014, the Bank’s core capital was amounted to Rp2.042 billion, consist of: 1. Paid-up capital of Rp405 billion. The Bank’s paid-up capital in 2014 increased by 42.11% from 2013 at Rp285 billion. The increasing was due to in June 2014, the Bank distributed share dividend amounted to Rp120 billion.

Sedangkan modal pelengkap Bank pada akhir tahun 2014 sebesar Rp100 miliar terdiri dari: 1. Cadangan umum PPA atas aset produktif yang wajib dihitung dengan jumlah paling tinggi 1,25% dari Aset Tertimbang Menurut Risiko (ATMR) untuk risiko kredit sebesar Rp121 miliar, dan; 2. Penyertaan Bank pada entitas anak yaitu PT Resona Indonesia Finance (50%) yang merupakan faktor pengurang sebesar Rp21miliar.

Meanwhile the Bank complementary capital by the end of 2014 was amounted Rp100 billion, which consists of: 1. General reserve of Provision for Possible Asset Loss of earning assets which was obliged to be calculated by the highest amount of 1.25% of Risk Weighted Assets (RWA) for credit risk of Rp121 billion, and; 2. Investment to subsidiary that is PT Resona Indonesia Finance (50%) which is deduction factor amounted Rp21 billion.

Sehingga modal PT Bank Resona Perdania pada tahun 2014 sebesar Rp2.143 miliar, mengalami peningkatan 8,31% dari posisi tahun 2013 sebesar Rp1.978 miliar. Peningkatan ini didukung oleh meningkatnya modal disetor Bank menjadi Rp405 miliar di tahun 2014. Sehingga Rasio Kewajiban Penyediaan Modal Minimum Bank pada tahun 2014 sebesar 17,22%.

Therefore, the capital of PT Bank Resona Perdania in 2014 amounted Rp2,143 billion has increase by 8.31% from 2013 amounted Rp1,978 billion. The increasing of paid-up capital to become Rp405 billion in 2014 supported the increasing. Therefore, the available ratio of the obligation to provide Capital Adequacy Ratio of the Bank in 2014 is 17.22%.

Pengungkapan struktur permodalan Bank tahun 2013-2014 secara kuantitatif dapat dilihat pada tabel Komposisi Permodalan PT Bank Resona Perdania Tahun 2013-2014 .

The Bank’s capital structure disclosure in year 2013-2014 quantitatively can be seen in the table of Capital Composition of PT Bank Resona Perdania Year 2013-2014.

2. Disclosed reserve of Rp1,658 billion with details: a. b. c.

Share agio of Rp117 billion General reserve of Rp1,694 billion Current year’s income after tax that can be calculated (50%) of Rp107 billion d. Difference between Provision for Possible Asset Loss and provision for impairment value of earning assets which is deduction factor amounted Rp259 billion. 3. Investment to subsidiary that is PT Resona Indonesia Finance (50%) which is the deduction factor amounted Rp21 billion.


222

METODE PENILAIAN KECUKUPAN MODAL

CAPITAL ADEQUACY ASSESSMENT METHOD

Metode pendekatan yang digunakan Bank dalam menilai kecukupan modal Bank untuk risiko kredit, risiko pasar, dan risiko operasional adalah sebagai berikut: 1. Risiko Kredit Metode pendekatan yang digunakan Bank dalam menilai kecukupan modal Bank untuk risiko kredit adalah dengan menggunakan pendekatan standar. Pendekatan ini berpedoman pada Surat Edaran Bank Indonesia No. 13/6/DPNP tanggal 18 Februari 2011 perihal Pedoman Perhitungan Aset Tertimbang Menurut Risiko (ATMR) untuk Risiko Kredit dengan Menggunakan Pendekatan Standar.

The approach that the Bank used to assess the Bank’s capital adequacy for credit risk, market risk, and operational risk are as follows: 1. Credit Risk The approach that the Bank applied in assessing the Bank’s capital adequacy for credit risk is through the standard approach, which is based on Bank Indonesia Circular Letter No. 13/6/DPNP dated February 18, 2011 about the Calculation Guideline of Risk Weighted Assets (RWA) for Credit Risk that Uses Standardized Approach.

Bank belum menggunakan metode internal dalam mengukur risiko tersebut disebabkan oleh beberapa hal sebagai berikut: a. Bank tidak memiliki variasi jenis risiko kredit yang signifikan. Jenis kredit umumnya didominasi oleh kredit korporasi modal kerja dan investasi. b. Bank belum memiliki aset berisiko lainnya yang memungkinkan terjadinya gagal bayar (misalnya obligasi korporasi, dan lain-lain) atau dengan kata lain produk Bank masih sederhana. c. Perhitungan menggunakan metode internal memerlukan infrastruktur data, sistem dan sumber daya manusia yang memadai yang harus dipersiapkan dengan baik, termasuk belum adanya peraturan Bank Indonesia yang mengatur (baik dalam bentuk peraturan resmi maupun consultative paper). d. Perhitungan dengan metode standar diyakini sangat memadai, karena sudah memperhitungkan mitigasi risiko kredit yaitu agunan yang eligible, termasuk implementasi hair cut 8% untuk eksposur dan jaminan dalam mata uang berbeda. e. Sudah mempertimbangkan risiko settlement yaitu risiko atas transaksi yang mengalami kegagalan setelmen lebih dari 4 (empat) hari kerja.

The Bank’s has not yet used internal method in measuring such risk due to following matters: a. The Bank does not have variations in the types of significant credit risk. Generally, credit risk is dominated by working capital corporate loan and investment. b. The Bank has not yet had other risk assets that are likely to lead to failure payment (such as: corporate obligation, etc.) or in other words, the Bank’s products are still plain.

2.

Risiko Pasar Bank menghitung kebutuhan modal risiko pasar dengan menggunakan metode standar sesuai dengan Surat Edaran Bank Indonesia No. 9/33/DPNP tanggal 18 Desember 2007 dan perubahannya yaitu No. 14/21/DPNP tanggal 18 Juli 2013 perihal Pedoman Penggunaan Metode Standar dalam Perhitungan Kewajiban Penyediaan Modal Minimum Bank Umum dengan Memperhitungkan Risiko Pasar. Bank hanya menghitung risiko suku bunga dan risiko nilai tukar, sedangkan risiko komoditas dan risiko ekuitas diabaikan karena Bank tidak memiliki transaksi yang terekspos risiko ekuitas maupun komoditas.

c.

Calculation using internal method needs reliable data infrastructure, system and human resources, which should be prepared well, as there are still no Bank Indonesia regulations that regulated such issues (even in the form of official regulation or consultative paper).

d. Calculation using standard method is deemed very adequate, as it calculates credit risk mitigation, namely eligible collateral, including 8% ‘hair cut’ implementation for exposure and guarantee in different currencies. e. Having considered settlement risk, that is a risk on transactions which have settlement failure for more than 4 (four) working days. 2.

Market Risk The Bank’s calculated the market risk capital needs by using standard method in accordance with Bank Indonesia Circular Letter No. 9/33/DPNP dated December 18, 2007 and its amendment No. 14/21/DPNP dated July 18, 2012 about the Guideline for the Use of Standard Method in Calculating Capital Adequacy of Commercial Banks by Calculating the Market Risk. The Bank only calculates the interest rate ratio and exchange rate risk. Meanwhile, commodity risk and equity risk are disregarded because the Bank does not have transactions that are exposed to equity risk or commodity risk.


223

3.

Bank Indonesia telah mengijinkan Bank untuk menggunakan metode Internal Measurement Approach (IMA) dalam perhitungan kecukupan modal, namun Bank masih menggunakan metode standar yang disebabkan oleh beberapa hal sebagai berikut: a. Perhitungan metode internal belum memberikan insentif bagi Bank dari sisi capital charge, dikarenakan metode internal menggunakan multiplication factor dan plus factor berdasarkan hasil back testing. Sehingga capital charge yang dihasilkan lebih besar dibanding metode standar. b. Produk treasury Bank sangat terbatas dan masih plain vanilla, termasuk belum memiliki eksposur signifikan dalam trading book sehingga metode standar masih memadai.

Bank Indonesia has allowed the Bank to use Internal Measurement Approach (IMA) in the calculation of capital adequacy, but the Bank still uses standard method, which was caused by the following factors:

c.

c.

a.

b.

Risiko pasar terbesar Bank adalah risiko nilai tukar yang masih dapat dihitung dan diukur berdasarkan posisi devisa netto (PDN).

Risiko Operasional Metode pendekatan yang digunakan Bank untuk menghitung pembebanan modal untuk risiko operasional adalah metode Pendekatan Indikator Dasar (PID). Perhitungan dengan pendekatan ini berpedoman pada Surat Edaran Bank Indonesia No. 11/3/DPNP tanggal 27 Januari 2009 perihal Perhitungan Aset Tertimbang Menurut Risiko (ATMR) untuk Risiko Operasional dengan Menggunakan Pendekatan Indikator Dasar yaitu:

3.

Internal method calculation has not yet given incentive for the Bank from capital charge aspect, as the method uses multiplication factor and plus factor based on the result of back testing. Thus, the generated capital charge is higher than standard method. Bank’s treasury products are very limited as they are still in ‘plain vanilla’. The products have not had significant exposure in the trading book yet, therefore, the standard method is still adequate. The biggest market risk to the Bank is currency rate risk that can still be calculated and measured in the basis of net foreign exchange position.

Operational Risk The approach applied in calculating capital charge for operational risk is Basic Indicator Approach (BIA). The calculation using this approach is in accordance with Bank Indonesia Circular Letter No. 11/3/DPNP dated January 27, 2009 about the Calculation Guideline Risk Weighted Assets (RWA) for Operational Risk that Uses Basic Indicator Approach, that is:

ATMR = 12,5 x Beban Modal

RWA = 12.5 x Capital Charge

Beban modal dihitung berdasarkan rata-rata dari penjumlahan pendapatan bruto (gross income) tahunan yang positif pada 3 (tiga) tahun terakhir dikali 15% (lima belas persen).

Capital charge is calculated based on the average from the last (3) three years of annual positive gross income multiplied by 15% (fifteen percent).

Penggunaan metode pendekatan standar dan advanced belum diperlukan dalam menghitung pembebanan modal untuk risiko operasional karena Bank masih menganggap perhitungan beban modal untuk risiko operasional dengan pendekatan indikator dasar masih memadai dalam mengantisipasi risiko operasional.

The usage of a standardized and advanced approach are not yet necessary in calculating capital charge for operational risk because the Bank still considers the calculation of capital charge for operational risk using basic indicator approach is still adequate in anticipation of operational risk.


224

Komposisi Permodalan PT Bank Resona Perdania Tahun 2013-2014 Capital Composition of PT Bank Resona Perdania Year 2013-2014 31 Desember 2013

31 Desember 2014 KOMPONEN MODAL

No

I

December 31, 2013

December 31, 2014

CAPITAL COMPONENTS

Konsolidasi/ Consolidated

Bank/ Bank


Bank/ Bank

KOMPONEN MODAL CAPITAL COMPONENTS A.

Modal Inti Core Capital 1.

2,042,379

2,124,031

1,895,924

1,966,060

405,000

405,000

285,000

285,000

1,658,493

1,719,022

1,632,038

1,681,052

-

-

-

-

(21,114)

-

(21,114)

-

-

-

-

-

100,260

124,396

82,286

106,860

121,374

124,396

103,400

105,860

-

-

-

-

(21,114)

-

(21,114)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,142,639

2,248,427

1,978,210

2,072,920

2,142,639

2,248,427

1,978,210

2,072,920

11,511,569

11,815,722

10,114,712

10,426,381

912,625

951,245

811,580

838,761

18,103

22,119

91,217

91,450

18,103

22,119

91,217

91,450

-

-

-

-

12,442,297

12,789,086

11,017,509

11,356,592

17.22%

17.58%

17.96%

18.25%

Modal Disetor Paid-Up Capital

2.

Cadangan Tambahan Modal Disclosed Reserves

3.

Modal Inovatif Innovative Equity

4.

Faktor Pengurang Modal Inti Core Capital

5.

Kepentingan Minoritas Minority Interest

B.

Modal Pelengkap Complementary Capital 1.

Level Atas (Upper Tier 2) Upper Tier 2

2.

Level Bawah (Lower Tier 2) maksimum 50% Modal Inti Lower Tier 2 maximum 50% from Core Capital

3.

Faktor Pengurang Modal Pelengkap Deduction Factor for Complementary Capital

C.

Faktor Pengurang Modal Inti dan Modal Pelengkap Deduction Factor for Core Capital and Complementary Capital Eksposur Sekuritisasi Securitization Exposure

D.

Modal Pelengkap Tambahan (Tier 3) Additional Complementary Capital (Tier 3)

E. MODAL PELENGKAP TAMBAHAN YANG DIALOKASIKAN MENGANTISIPASI RISIKO PASAR ADDITIONAL COMPLEMENTARY CAPITAL ALLOCATED FOR MARKET RISK II

TOTAL MODAL INTI DAN MODAL PELENGKAP (A+B-C) TOTAL CORE CAPITAL AND COMPLEMENTARY CAPITAL (A+B+C)

III

TOTAL MODAL INTI, MODAL PELENGKAP, DAN MODAL PELENGKAP TAMBAHAN YANG DIALOKASIKAN UNTUK MENGANTISIPASI RISIKO PASAR (A+B-C+E) TOTAL CORE CAPITAL, COMPLEMENTARY CAPITAL AND ADDITIONAL COMPLEMENTARY CAPITAL WHICH COVER MARKET RISK (A+B-C+E)

IV

ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO KREDIT RISK WEIGHTED ASSET FOR CREDIT RISK

V

ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO OPERASIONAL RISK WEIGHTED ASSET FOR OPERATIONAL RISK

VI

ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO PASAR RISK WEIGHTED ASSET FOR MARKET RISK A.

Metode Standar Standard Method

B.

Metode Internal Internal Method

TOTAL ATMR (Risiko Kredit, Pasar dan Operasional) TOTAL RISK WEIGHTED ASSET (Credit, Market and Operational Risk) VII

RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM UNTUK RISIKO KREDIT, RISIKO OPERASIONAL DAN RISIKO PASAR [III : (IV + V + VI)] THE AVAILABLE RATIO OF OBLIGATION TO PROVIDE MINIMUM CAPITAL FOR CREDIT, MARKET AND OPERATIONAL RISK


225

PENGUNGKAPAN EKSPOSUR RISIKO DAN PENERAPAN MANAJEMEN RISIKO BANK Disclosure of the Bank’s Risk Exposure and Risk Management Implementation 1. PENGUNGKAPAN MENGENAI PENERAPAN MANAJEMEN RISIKO BANK SECARA UMUM

1. GENERAL DISCLOSURE OF THE BANK’S RISK MANAGEMENT IMPLEMENTATION

Manajemen risiko dapat berfungsi sebagai alat pengendali risiko dan juga sebagai alat untuk mendukung kegiatan usaha Bank di mana tujuan utama dari manajemen risiko adalah melaksanakan prinsip kehati-hatian bank dalam menjalankan aktivitas operasionalnya. Pengelolaan operasional PT Bank Resona Perdania sedapat mungkin terintegrasi dalam satu sistem pengelolaan risiko yang akurat dan komprehensif dan mampu menganalisa dan mengelola seluruh risiko yang terkait. a. Pengawasan aktif Dewan Komisaris dan Direksi

Risk management can serve as a means of controlling risks and also as a tool of supporting the Bank’s business activities, in line with the main purpose of risk management in which the Bank implements the prudential principle in running the Bank’s operational activities. Operational management of PT Bank Resona Perdania should be integrated into an accurate and comprehensive risk management system enable of analyzing and managing all the related risks. a.

Efektifitas dari penerapan manajemen risiko di Bank merupakan bagian yang tak terpisahkan dari tanggung jawab Dewan Komisaris dan Direksi dan dalam upaya untuk melakukan pengawasan serta mitigasi risiko secara aktif maka Dewan Komisaris dan Direksi dituntut untuk memiliki pemahaman yang baik atas risiko-risiko yang dihadapi oleh Bank dalam menjalankan kegiatan usahanya.

Active Supervision by the Board of Commissioners and the Board of Directors Effectiveness of the Bank’s risk management implementation is an integral part of the responsibilities of the Board of Commissioners and the Board of Directors. In an effort to supervise and actively mitigate risks, thus the Board of Commissioners and the Board of Directors are required to have a good understanding of the risks faced by the Bank in running its business activities.

Adanya forum Komite Pemantauan Risiko yang diadakan secara berkala guna membahas laporan profil risiko yang dibuat oleh Divisi Manajemen Risiko mengenai hasil penilaian Bank terhadap profil risiko yang dihadapi, dapat mendukung Dewan Komisaris dan Direksi untuk memiliki pemahaman yang baik atas risiko-risiko yang Bank hadapi.

The Risk Monitoring Committee forum, which is held regularly to discuss about the risk profile report made by the Risk Management Division on the Bank’s assessment of the risk profile being faced, it can supports the Board of Commissioners and the Board of Directors to have a good understanding of the risks the Bank faces.

b. Kecukupan kebijakan, prosedur, dan penetapan limit Dalam menjalankan visi, misi dan strategi bisnisnya, Bank telah memiliki kebijakan dan prosedur manajemen risiko serta limit risiko sebagai bagian dari penerapan manajemen risiko yang efektif. Kebijakan dan prosedur tersebut juga sudah dilengkapi dengan toleransi risiko dan limit risiko untuk setiap jenis risiko yang Bank hadapi dan dievaluasi minimal satu kali dalam setahun. Strategi manajemen risiko yang dibuat oleh Bank dibuat berdasarkan strategi bisnis Bank secara keseluruhan dengan memperhatikan tingkat risiko yang akan diambil dan toleransi risiko yang telah ditentukan oleh Bank. Penetapan limit dilakukan secara komperehensif atas seluruh aspek yang terkait dengan risiko, yang mencakup limit secara keseluruhan dan limit per risiko. Limit yang telah ditetapkan tersebut direview secara berkala oleh Direksi dan/ atau Bagian Manajemen Risiko untuk menyesuaikan terhadap perubahan kondisi yang terjadi.

b.

c. Kecukupan proses identifikasi, pengukuran, pemantauan, dan pengendalian risiko, serta Sistem Informasi Manajemen Risiko.

c.

Adequacies of policies, procedures and limits In executing its vision, mission and business strategies, the Bank has policies, risk management procedures and risk limits as part of the implementation of effective risk management. Policies and procedures are also equipped with the risk tolerance and the risk limits for each type of risk the Bank faces and evaluated at least once in a year. The Bank’s risk management strategies have been drafted based on the Bank’s overall business strategies with respect to the levels of risks to taken and the risk tolerance the Bank has determined. The limit is set comprehensively based on all aspects related to risks, which include overall limits and the limit per risk. The limit set is periodically reviewed by the Board of Directors and/ or the Risk Management Division to adjust to changing conditions. Adequacy of the processes in risk identification, measurement, monitoring and control, as well as Risk Management Information System.


226

Identifikasi Tujuan identifikasi adalah untuk mengidentifikasi seluruh sumber risiko yang ada dan potensial pada produk dan aktifitas bank termasuk risiko dari produk dan aktivitas baru. Prinsip-prinsip pengidentifikasian risiko adalah sebagai berikut:

Identification The purpose of identification is to identify all sources of existing and potential risks to the Bank’s products and activities, including risks of new products and activities. The principles of risk identification are as follows:

a) Bersifat proaktif. b) Mencakup seluruh aktivitas fungsional. c) Menggabungkan dan menganalisa informasi risiko dari seluruh sumber informasi yang tersedia. d) Menganalisa probabilitas timbulnya risiko serta dampaknya. Pengukuran Metode pengukuran Risiko dilakukan secara kuantitatif dan/ atau kualitatif. Metode pengukuran yang digunakan untuk risiko kredit, risiko pasar dan risiko operasional menggunakan metode yang ditetapkan oleh Bank Indonesia dalam rangka penilaian Risiko dan perhitungan modal sesuai dengan peraturan Bank Indonesia yang berlaku. Namun untuk risiko pasar, Bank juga sudah mengembangkan metode internal yang ditujukan untuk kepentingan internal Bank. Pemantauan Divisi Manajemen risiko melakukan pemantauan terhadap implementasi strategi manajemen risiko yang direkomendasikan oleh Komite Manajemen risiko dan yang telah disetujui oleh Direksi serta memantau posisi/ eksposur risiko. Apabila terdapat perubahan kegiatan usaha Bank, produk, transaksi, faktor risiko, teknologi informasi dan sistem informasi manajemen risiko yang bersifat material, Bank harus melakukan penyempurnaan proses pelaporannya.

a) Proactive. b) Covering all functional activities. c) Combining and analyzing risk information from all available sources of information. d) Analyzing the probability of emerging risk and its impact.

Pengendalian Proses pengendalian risiko yang diterapkan Bank disesuaikan dengan eksposur risiko maupun tingkat risiko yang akan diambil dan toleransi risiko yang dapat diterima.

Control The risk control process the Bank has applied adjusted with the risk exposure and the level of risk to be taken with acceptable risk tolerance.

Sistem Informasi Manajemen Risiko Bank mengembangkan Sistem Informasi Manajemen untuk kebutuhan manajemen risiko secara berkelanjutan dengan mempertimbangkan volume eksposur risiko dan kemampuan sistem. Pengembangan sistem informasi manajemen memperhatikan kebutuhan bank secara konsolidasi sehingga Bank dapat mengukur eksposur risiko baik pada kegiatan usaha bank dan perusahaan anak secara akurat, informatif, dan tepat waktu.

Risk Management Information System The Bank has developed a Management Information System for the needs of sustainable risk management, by considering the volume of risk exposure and the ability of the system. The development of management information system takes into account the Bank’s consolidated needs, thus the Bank can measure the risk exposure in the business activities of the Bank and its subsidiary in accurate, informative and timely manner.

d. Sistem pengendalian intern yang menyeluruh Terselenggaranya sistem pengendalian intern Bank yang handal dan efektif menjadi tanggung jawab dari seluruh satuan kerja operasional dan satuan kerja pendukung serta Satuan Kerja Audit Intern. Dalam melaksanakan sistem pengendalian intern secara efektif dalam penerapan manajemen rsiko, Bank mengacu pada kebijakan dan prosedur yang telah ditetapkan

Measurement Risk measurement method is applied quantitatively and/ or qualitatively. The measurement method applied in credit risk, market risk and operational risk uses the method determined by Bank Indonesia, so as to assess the risk and capital calculation in accordance with applicable regulation of Bank Indonesia. For the market risk, nevertheless, the Bank has developed an internal method intended for the Bank’s internal purposes. Monitoring Risk Management Division monitors the implementation of risk management strategies that are recommended by Risk Management Committee and have been approved by the Board of Directors. The division also monitors risk position with exposure. Should there be a change, which is material, in the Bank’s business activities, products, transactions, risk factors, information technology and risk management information system, the Bank should make improvements on the reporting process.

d.

Comprehensive system of internal control The implementation of the Bank’s effective and reliable internal control system becomes the responsibility of the entire operational and supporting unit, as well as Internal Audit Task Force. In applying an effective internal control system to the implementation of the risk management, the Bank refers to the policies and procedures that have been set, in which the four


227

eyes principle is to be adequately and consistently applied.

di mana penerapan prinsip pemisahan fungsi (four eyes principle) harus memadai dan dilaksanakan secara konsisten.

2. PENGUNGKAPAN MENGENAI PENERAPAN MANAJEMEN RISIKO BANK SECARA KHUSUS

2. SPECIFIC DISCLOSURE OF THE BANK’S RISK MANAGEMENT IMPLEMENTATION

A.

Risiko Kredit

A.

Credit Risk

1)

Pengungkapan Umum

1)

General Disclosure

Penerapan manajemen risiko untuk risiko kredit Dalam upaya menjaga risiko kredit yang melekat pada kegiatan usaha Bank agar tetap terkendali pada batas yang dapat diterima serta masih memberikan keuntungan, Bank berpedoman kepada termasuk namun tidak terbatas pada Kebijakan Perkreditan dan Kebijakan Manajemen Risiko Kredit yang ditetapkan oleh Direksi dengan persetujuan Dewan Komisaris, di mana pemisahan fungsi kerja (segregation of duty) dan four eyes principle telah diimplementasikan dengan baik dalam proses pemberian kredit untuk masing-masing unit terkait. Aktivitas dari eksposur risiko kredit Bank yang signifikan berasal dari transaksi pemberian kredit yang mencapai kurang lebih 70% dari total aset Bank, sehingga strategi manajemen risiko kredit lebih difokuskan untuk mengelola pemberian kredit agar dapat mengoptimalkan pendapatan namun tetap berdasarkan prinsip kehati-hatian dalam pemberian kredit. Bank telah menetapkan limit yang diperlukan untuk mengelola risiko konsentrasi kredit seperti limit eksposur untuk masingmasing sektor ekonomi yang di review 2 kali dalam setahun dan juga penetapan soft limit terhadap limit yang telah ditetapkan oleh Bank Indonesia sesuai peraturan Bank Indonesia mengenai Batas Maksimum Pemberian Kredit. Untuk mengukur risiko kreditnya, Bank menggunakan metode pendekatan standar, pengukuran ini menggunakan konsep risiko kredit yang ditetapkan dalam Basel II di mana risiko kredit diukur berdasarkan eksposur yang memiliki peringkat eksternal.

Risk management implementation for credit risk In an effort to maintain the credit risk inherent in the Bank’s business activities, which are controllable and acceptable with profit contribution, the Bank has set the guideline that includes but not limited to Credit Policy and Credit Risk Management Policy set by the Board of Directors with the approval of the Board of Commissioners, wherein the segregation of duty and four eyes principle have been well implemented in the process of lending to each relevant unit.

Definisi dari tagihan yang telah jatuh tempo mengacu kepada Surat Edaran Bank Indonesia No. 13/6/DPNP perihal Pedoman Perhitungan Aset Tertimbang Menurut Risiko untuk Risiko Kredit dengan Menggunakan Pendekatan Standar, yaitu tagihan yang telah jatuh tempo lebih dari 90 hari, baik atas pembayaran pokok dan/ atau pembayaran bunga, sedangkan tagihan yang mengalami penurunan nilai adalah tagihan yang terdapat bukti obyektif kerugian akibat terjadinya satu atau lebih peristiwa yang merugikan yg berdampak pada estimasi arus kas yang akan datang yang dapat diestimasi secara andal.

Definition of the bill that is due refers to the Bank Indonesia Circular Letter No. 13/6/DPNP on the Guideline of Weighted Assets Calculation in conformity with Risk and Credit Risk using Standard Approach, which is bills with more than 90 days overdue, either for principal or interest payment. As for the bills with decreasing value is those with the objective evidence of loss due to the occurrence of one or more adverse events, which have the impact on cash flows and can be reliably estimated.

Pendekatan yang digunakan untuk pembentukan Cadangan Kerugian Penurunan Nilai (CKPN) kolektif menggunakan metode migrasi dari Probability of Default (PD) menggunakan

The approach used for the formation of Allowance for Impairment Losses (CKPN) applies migration method, from Probability of Default (PD) using the five-year data to Loss Given Default

Activities of the Bank’s significant credit risk exposures come from lending transactions that have reached approximately 70% of the Bank’s total assets, Thus, credit risk management strategy is more focused on managing the provision of credit in order to optimize revenue, yet staying in comformity with the prudential banking principles. The Bank has set limits necessary to manage the concentration of credit risk as exposure limits for each of the economic sectors that reviewed twice a year, as well as soft limit set by Bank Indonesia, which is in accordance with Bank Indonesia regulation regarding Legal Lending Limit.

To measure the credit risk, the Bank uses the standard approach method. This measurement uses the concept of credit risk set in the Basel II, in which credit risk is measured based on the exposure with external rating.


228

data 5 tahun, lalu Loss Given Default menggunakan data recovery rate berdasarkan data historis Bank 5 tahun terakhir, serta Loss Identification Period yang merupakan waktu yang diperlukan oleh Bank untuk mengidentifkasi adanya kejadian kerugian. Sedangkan, untuk CKPN individual dibentuk dengan menggunakan arus kas masa mendatang yang didiskonto menggunakan suku bunga efektif awal dari kredit. 2)

3)

Pengungkapan risiko kredit dengan pendekatan standar Peringkat yang digunakan dalam menghitung Aktiva Tertimbang Menurut Risiko (ATMR) untuk risiko kredit adalah peringkat terkini yang dikeluarkan oleh lembaga pemeringkat yang diakui oleh Bank Indonesia sesuai ketentuan Bank Indonesia yang mengatur mengenai lembaga pemeringkat dan peringkat yang diakui Bank Indonesia.

using data recovery rate based on the Bank’s historical data within the last five years as well as Loss Identification Period which is the time the Bank needs to identify the event of losses. Meanwhile, the individual Allowance for Impairment Losses uses future cash flows discounted at initial effective interest rate.

2)

Disclosure of credit risk with the standard approach Rating used in calculating Risk Weighted Assets (RWA) for credit risk is the latest rating issued by rating agencies that are recognized by Bank Indonesia, as in accordance with Bank Indonesia stipulation that governs matters related to rating agencies and ratings recognized by Bank Indonesia.

Berdasarkan posisi laporan per 31 Desember 2014, kategori portfolio Bank yang menggunakan peringkat hanya ditemukan pada Tagihan kepada Bank dan Tagihan kepada Korporasi.

Based on the report as of December 31, 2014, the Bank’s portfolio categories that have external rating could only be found for Claims on Bank and Claims on Corporation.

Lembaga pemeringkat yang digunakan sesuai ketentuan Bank Indonesia yang mengatur mengenai lembaga pemeringkat dan peringkat yang diakui Bank Indonesia, yaitu lembaga pemeringkat internasional; Standard and Poor’s (S&P), Moody’s Investor Service dan Fitch Ratings, sedangkan untuk lembaga pemeringkat lokal, yaitu; PT Pemeringkat Efek Indonesia (Pefindo), PT Fitch Ratings Indonesia dan ICRA Indonesia.

Rating agencies used is those that are in accordance with Bank Indonesia stipulation that governs matters related to rating agencies and ratings recognized by Bank Indonesia. They are international rating agencies, namely; Standard and Poor’s (S & P), Moody’s Investors Service and Fitch Ratings, while for local rating agencies, they are PT Pemeringkat Efek Indonesia (Pefindo), PT Fitch Ratings Indonesia and ICRA Indonesia.

Untuk risiko kredit pihak lawan (counterparty credit risk), eksposur Bank hanya berasal dari transaksi derivatif saja untuk transaksi valuta asing, seperti forward dan swap.

For counterparty credit risk, the Bank’s exposure only comes from derivative transactions, which is from foreign exchange transactions, such as forward and swap.

Pengungkapan mitigasi risiko kredit dengan menggunakan pendekatan standar Dalam kebijakan Bank mengenai agunan utama yang diterima, Bank dapat menerima agunan di antaranya tanah dan bangunan, mesin-mesin, peralatan, blokir rekening dan juga standby L/C, namun dalam hal mitigasi risiko kredit dan juga mengedepankan prinsip kehati-hatian yang tinggi, Bank hanya mengakui jaminan yang setara dengan jaminan tunai sebagai pengurang dari eksposur risiko kredit, seperti blokir rekening dan juga standby L/C.

3) Disclosure of credit risk mitigation by using standardized approach According to the Bank’s policy on primary collateral received, the Bank may accept collateral including land and building, machinery, equipment, blocked account and standby L/C. However, in terms of credit risk mitigation and the implementation of prudential banking principles, the Bank only recognizes collateral equivalent to cash collateral as the reduction of credit risk exposure, such as blocked account and standby L/C.

Nilai jaminan yang diakui tersebut harus tidak boleh lebih besar dari eksposur kredit yang Bank miliki, serta jangka waktu dari jaminan tersebut minimal harus sama dengan jangka waktu eksposur kredit.

The value of the collateral must not be higher than the Bank’s credit exposure, and the collateral period must be at least equal to the period of the credit exposure.

Sesuai dengan pasal 35 PBI No. 14/15/PBI/2012 aktiva produktif di atas Rp5.000.000.000 (lima miliar Rupiah) secara prinsip penilaian agunan harus dilakukan oleh penilai independen untuk agunan tanah, bangunan dan juga mesin-mesin. Bank juga melakukan revaluasi agunan untuk memastikan apakah ada perubahan-perubahan antara data

Based on article 35 of Bank Indonesia Regulation No. 14/15/ PBI/2012, earning assets above Rp5,000,000,000 (five billion Rupiah) in principle appraisal must be performed by an independent appraiser for land mortgage, building and machinery. The Bank also regularly conducts revaluation of the collateral to ensure whether there are changes between the


229

yang ada dengan kenyataan yang ada di lokasi agunan, seperti peningkatan, penurunan, perkembangan lokasi serta perubahan lingkungan yang dilakukan secara berkala.

existing data with the factual value in the location of collateral, such as an increase, decrease in the value of the collateral, the development of the location, as well as environmental changes.

Berdasarkan data posisi 31 Desember 2014, pihak pemberi garansi (standby L/C) lebih banyak diberikan oleh perusahaan induk dari Bank, yaitu Resona Bank, Ltd., Jepang yang memiliki peringkat investment grade, yaitu A2 dari Moody’s.

Based on data as of December 31, 2014, standby L/C given more by the Bank’s parent company, which is Resona Bank, Ltd., Japan whose investment grade is rated A2 by Moody’s.

Dari total Rp411 miliar untuk agunan tunai dan garansi yang Bank gunakan dalam teknik mitigasi risiko kredit, ada sebanyak 38% yang terkonsentrasi pada bobot risiko sebesar 0% dan sisanya terkonsentrasi pada bobot risiko 20% dan 50% dengan porsi untuk masing-masing bobot risiko sebesar 19% dan 43%.

From total Rp411 billion for the Bank’s cash collateral and guarantees that Bank used for credit risk mitigation techniques, 38% is concentrated in the 0% risk weight, and the remaining is concentrated in the risk weight of between 20% and 50% with portion for each risk weight accounted for 19% and 43%, respectively.

4)

Pengungkapan sekuritisasi aset Bank tidak memiliki eksposur sekuritisasi aset.

4)

Disclosure of asset securitization The Bank does not have the asset securitization exposure.

B.

Risiko Pasar

B.

Market Risk

1)

Pengungkapan risiko pasar dengan menggunakan Metode Standar

1)

Disclosure of market risk with the standard approach

Penerapan Manajemen Risiko untuk Risiko Pasar Pengelolaan transaksi yang mengandung risiko pasar merupakan tanggung jawab dari Divisi Treasury dan dimonitor oleh Divisi Manajemen Risiko.

Risk Management Implementation for Market Risk The management of transaction that contains Market Risk is the responsibility of Treasury Division and monitored by Risk Management Division.

Proses pembentukan limit, simulasi volatilitas, dan penggunaan data pasar harus diverifikasi terlebih dahulu oleh Divisi Manajemen Risiko. Kondisi-kondisi atas risiko pasar baik dari tingkat suku bunga maupun nilai tukar dibahas dan didiskusikan secara berkala melalui Komite Aset dan Kewajiban (Asset and Liability Management).

Limit formation process, simulated volatility, and the use of market data must be first verified by the Risk Management Division. Conditions on the market risk, whether from interest rate or exchange rate, are discussed on a regular basis through the Asset and Liability Management Committee.

Dalam mengelola risiko pasar, Bank menetapkan strategi di mana instrumen keuangan yang dimiliki oleh bank dikelompokkan berdasarkan sifat instrumen. Selain itu terkait posisi trading book, bank hanya menggunakan posisi tersebut dalam rangka meng-cover posisi nasabah. Adapun portofolio dari pengelolaan risiko pasar mencakup: (1) Risiko Suku Bunga pada Trading Book, (2) Risiko Nilai Tukar, serta (3) Risiko Suku Bunga pada Banking Book. Bank secara konsisten mengelompokkan portofolio yang dimiliki kedalam kategori trading, available for sale, maupun hold to maturity, yang dimaksudkan untuk memudahkan perhitungan risiko suku bunga pada banking book.

In managing market risk, the Bank has established a strategy in which the financial instruments the Bank possesses are grouped based on the nature of the instruments. In addition, related to trading book position, the Bank only uses the position to cover customer’s position. The portfolio of market risk management includes: (1) Interest Rate Risk in the Trading Book, (2) Foreign Exchange Risk and (3) Interest Rate Risk in the Banking Book.

(1) Risiko Suku Bunga pada Trading Book diukur menggunakan metode historical simulation, sementara penetapan parameter kuantitatif diperoleh dari penggunaan pengukuran risiko dan dianalisa secara berkala.

(1) Interest Rate Risk in the Trading Book is measured using historical simulation method. Meanwhile, the quantitative determination of parameters is obtained from the use of risk measurement and analyzed periodically.

The Bank consistently groups its portfolio into categories of trading, available for sale, or hold to maturity, which intended to facilitate the calculation of interest rate risk in the banking book.


230

2)

(2) Risiko Nilai Tukar dianalisa secara berkala, dan dilakukan konsolidasi terhadap posisi terbuka secara bersih dari posisi terbuka yang dimiliki serta dilakukan penetapan limit internal untuk Posisi Devisa Netto secara konsisten untuk mencegah terjadinya pelampauan batas yang telah ditetapkan. Hal ini dilakukan secara harian selama setiap 30 menit selama jam kerja Treasury.

(2) Foreign Exchange Risk analyzed periodically with consolidation conducted on the net open position of the open position held, as well as consistently setting internal limit for Net Open Position to avoid the overlimit. This is done on a daily basis for every 30 minutes during Treasury’s working hours.

(3) Pada Risiko Suku Bunga pada Banking Book, Bank menetapkan perlakuan atas instrumen yang tidak memiliki jangka waktu berdasarkan data historis yang dimiliki paling lama 5 (lima) tahun.

(3) In the Interest Rate Risk in the Banking Book, the Bank sets the treatment of instruments that do not have a time period, based on the historical data, of 5 (five) years at the longest.

Pengungkapan risiko pasar dengan menggunakan metode internal

2)

Disclosure of market risk with the internal model approach

Dalam menghitung Risiko Pasar untuk kebutuhan pelaporan Kewajiban Penyediaan Modal Minimum, Bank menggunakan Metoda Standar sesuai ketentuan Bank Indonesia. Namun untuk kebutuhan internal, dan untuk mengantisipasi kebijakan perbankan di masa datang, Bank juga mempelajari dan mengembangkan model internal yang menggunakan pendekatan VaR (Value at Risk). Portfolio trading book yang Bank miliki hanya berasal dari transaksi derivatif dari jual beli valuta asing.

In calculating the market risk for the need of reporting the Minimum Capital Adequacy Requirement, the Bank uses standard method in accordance with Bank Indonesia stipulation. However, for internal need, and to anticipate the future banking policy, the Bank also learns and develops internal model that uses VaR (Value at Risk) approach.

Bank juga menjalankan metode stress testing untuk memperkirakan dan mengantisipasi timbulnya risiko pasar sebagai akibat dari volatilitas yang terjadi baik dari risiko suku bunga maupun risiko nilai tukar.

The Bank also runs stress-testing method to estimate and anticipate market risk emerged as a result of the volatility from both interest rate risk and exchange rate risk.

Stress testing dilakukan oleh Bank dengan menggunakan standardized shock market, yaitu kenaikan/ penurunan indikator pasar secara paralel atau non-paralel, seperti perubahan nilai suku bunga atau perubahan nilai tukar. Stress testing dilakukan minimal setiap triwulan. Selain stress testing, Bank juga melakukan backtesting untuk menguji model perhitungan VaR yang diimplementasikan oleh bank. Hal ini guna memastikan bahwa metode pengukuran atas risiko pasar yang dijalankan oleh Bank masih tetap valid dan dapat diterima hasil perhitungannya. Adapun pendekatan yang dilakukan adalah dengan membandingkan VaR harian dengan laba/ rugi aktual harian ataupun menggunakan laba/ rugi hipotesis sebagaimana disebutkan dalam peraturan Bank Indonesia.

In conducting stress testing, the Bank uses standardized shock market, which is the increase/ decrease in parallel or nonparallel market indicators, such as the change of interest rate or the change of foreign exchange currency. Stress testing is conducted at least once every quarter.

Portfolio of trading book that Bank had only comes from derivative transactions for buying and selling foreign exchange.

Besides stress testing, the Bank also conducts back testing to trial VaR calculation model the Bank implements. This is to ensure that the measurement method on the market risk run by the Bank is still valid with acceptable calculation. Method of approaching by comparing daily VaR with actual profit/ loss or using hypothetical profit/ loss as stated in Bank Indonesia regulation.


231

C.

C. Risiko Operasional

D.

Operational Risk

Penerapan manajemen risiko untuk risiko operasional Divisi Manajemen Risiko bertanggung jawab untuk mengelola risiko operasional secara komprehensif, sementara Seksi Administrasi Proses yang merupakan sub dari Divisi Manajemen Risiko, melakukan review berkala atas setiap prosedur dan melakukan perbaikan kontrol. Divisi/ Seksi terkait melakukan review yang memerlukan perubahan segera atas suatu prosedur untuk memenuhi ketentuan baru yang ditetapkan oleh regulator dan mengajukan permintaan perubahan kepada Seksi Administrasi Proses. Sistem pelaporan ke Direksi mengenai risiko operasional dari Bagian Manajemen Risiko dilakukan dan dievaluasi secara berkala.

Risk management implementation for operational risk Risk Management Division is responsible for managing operational risk in a comprehensive manner, while Process Administration Section as the subdivision of Risk Management Division periodically conducts a review on every procedure to make improvements. The related section does a review that requires immediate change on a procedure to meet new regulations set by the regulator, and submits the change request to the Process Administration Section.

Laporan yang disampaikan ke Direksi adalah Laporan Profil Risiko Operasional, Laporan atas kejadian/kerugian risiko operasional yang bersifat serius, serta Laporan yang terkait kejadian risiko operasional tahunan. Bank Resona Perdania mengidentifikasi risiko operasional yang melekat pada seluruh aktivitas fungsional, seluruh proses dan sistem informasi baik yang disebabkan karena faktor eksternal maupun internal.

Reports submitted to the Board of Directors are Report on Operational Risk Profile, Report on the events/ serious loss due to operational risk, Report on annual operational risk related events.

PT Bank Resona Perdania memetakan 4 faktor utama penyebab risiko operasional yang menjadi pilar dalam pemetaan programprogram pengelolaan risiko operasional sebagai berikut: kesalahan manusia, kesalahan proses, kegagalan sistem dan infrastruktur, serta faktor eksternal.

PT Bank Resona Perdania has mapped four main factors of operational risk cause that have become the pillars in mapping the following operational risk programs, namely: human error, process error, system and infrastructure failures, as well as external factor.

Pengukuran pembebanan modal untuk antisipasi risiko operasional secara keseluruhan dilakukan oleh Bagian Manajemen Risiko. Perhitungan ATMR untuk Risiko Operasional dalam perhitungan KPMM dilakukan dengan menggunakan Basic Indicator Approach.

Capital charge measurement to anticipate the overall operational risks is undertaken by Risk Management Division. The calculation of riskweighted assets for operational risk in the CAR computation uses Basic Indicator Approach.

PT Bank Resona Perdania berupaya untuk selalu mengembangkan teknik mitigasi risiko operasional yang tertuang dalam kebijakan atau prosedur mengenai hal tersebut sesuai dengan fokusnya. Identifikasi risiko dilakukan melalui mekanisme pelaporan risiko operasional dan operational risk control self assessment. Kedua mekanisme ini akan menghasilkan action plan untuk memitigasi dan mencegah risiko.

PT Bank Resona Perdania always endeavors to develop operational risk mitigation technique set in the policies or procedures based on the focus. Risk identification is done through the mechanisms of operational risk report and operational risk control self assessment. Both mechanisms lead to an action plan to mitigate and prevent risks.

The reporting system to the Board of Directors concerning operational risk of the Risk Management Division is regularly conducted and evaluated.

Bank Resona Perdania identifies operational risk inherent in all functional activities, processes and information systems due to both external and internal factors.

D.

Risiko Likuiditas Penerapan manajemen risiko untuk risiko likuiditas Pengelolaan likuiditas harian merupakan tanggung jawab dari Divisi Treasury di mana seluruh divisi/ seksi terkait yang memiliki aktivitas transaksi/ produk yang dapat mempengaruhi kondisi likuiditas wajib melaporkannya kepada Divisi Treasury secara tepat waktu dan akurat.

Liquidity Risk Risk management implementation for liquidity risk Daily liquidity management is the responsibility of Treasury Division, wherein all related sections whose activities of transactions/products can give the impact to liquidity condition are obliged to report to Treasury Division in a timely and accurate manner.


232

Kondisi likuiditas dibahas dan didiskusikan secara berkala (setiap bulan) melalui Komite Aset dan Kewajiban (Asset and Liability Committee-ALCO) dan apabila diperlukan dapat diadakan Liquidity Risk Committee Meeting jika kondisi likuiditas cenderung menurun dan mendekati batas minimum kondisi normal atau terdapat hal-hal lain yang perlu menjadi perhatian dari bank sesegera mungkin, termasuk adanya informasi signifikan yang dapat mempengaruhi kondisi likuiditas, seperti issue kondisi pasar secara umum, krisis di negara lain, dan lain-lain.

Liquidity conditions are regularly discussed (every month) through Asset and Liability Committee- ALCO, and if required, Liquidity Risk Committee meeting may be held in the event that the liquidity has the tendency to decrease and approach the minimum normal condition, or other matters that need the Bank’s immediate attention including significant information that may affect the liquidity conditions, such as issues in general market conditions, crisis in other countries, and more.

Selain itu, Divisi Risk Management, Divisi Treasury dan Divisi Business Development secara intensif melakukan pemantauan terhadap likuiditas Bank terkait dengan funding dan lending yang Bank akan lakukan. Pemantauan risiko likuiditas yang dilakukan oleh bank senantiasa memperhatikan indikator peringatan dini untuk mengetahui potensi peningkatan risiko likuiditas. Divisi Manajemen Risiko menyusun pedoman yang berisi tingkatan tahap likuiditas darurat serta strategi yang dilakukan pada masing-masing tahap pedoman tersebut mengacu dari trend masing-masing indikator yang terdapat dalam Index Risiko Likuiditas, dan tolak ukur masing-masing tahap berdasarkan available fund hasil stress testing. Bank mengembangkan paramater profil risiko likuiditas yang komprehensif dan dapat menangkap risiko-risiko yang melekat pada seluruh aktivitas dan produk bank. Alat pengukuran risiko likuiditas tersebut meliputi: 1. Rasio Likuiditas 2. Profil Maturitas 3. Proyeksi Arus Kas 4. Stress Testing E. Risiko Hukum Penerapan manajemen risiko untuk risiko hukum Divisi Manajemen Risiko bertanggung jawab untuk mengelola risiko hukum secara komprehensif, termasuk di dalamnya dalam hal membuat dan menerapkan metode untuk mengidentifikasi, mengukur dan mengendalikan/ mengurangi setiap risiko hukum dengan bekerja sama dengan Unit Legal.

In addition, Risk Management Division, Treasury Division and Business Development Division intensively monitor the Bank’s liquidity associated with the Bank’s upcoming funding and lending. Liquidity risk monitoring by the Bank always heeds early warning indicator to determine the potential increase in liquidity risk. Risk Management Division drafts guideline containing emergency liquidity levels, strategies implemented at each stage of the guideline referring to the trend of each of indicators contained in the Liquidity Risk Index, and the benchmark of each stage based on available fund of the results of stress testing.

The Bank develops a comprehensive parameter of liquidity risk profile that can get the risks inherent in the Bank’s all activities and products. The liquidity risk tools include: 1. Liquidity Ratio 2. Maturity Profile 3. Cash Flow Projection 4. Stress Testing E.

Dalam menjalankan fungsi-nya secara efektif dalam pengendalian risiko hukum, Unit Legal sebagai satuan kerja/ fungsi yang membawahi bidang hukum, harus melakukan review secara berkala terhadap kontrak dan perjanjian antara Bank dengan pihak lain dengan cara melakukan penilaian kembali untuk mengecek validitas hak dalam kontrak dan perjanjian, serta memastikan adanya akurasi, kelengkapan dan integritas laporan serta sistem informasi manajemen khususnya mengenai risiko hukum, misalnya melalui penggunaan legal check sheet dan lain-lain.

Legal Risk Risk management implementation for legal risk Risk Management Division is responsible for managing legal risk in a comprehensive manner, including creating and applying method to identify, measure and control/ reduce every legal risk by collaborating with Legal Unit.

In effectively executing its functions in the legal risk control, Legal Unit as a working unit oversees the law, periodically reviews contracts and agreements between the Bank and other parties by reevaluating for the validity check of the rights in the contracts and agreements, as well as ensuring accuracy, completeness and integrity of reports and management information system especially in relation to legal risk, such as the use of legal sheet, etc.


233

F. Risiko Stratejik F. Penerapan manajemen risiko untuk risiko stratejik Dalam hal penerapan manajemen risiko stratejik, setiap bagian/ seksi tanpa terkecuali terlibat dalam mengidentifikasi risiko stratejik yang terjadi dalam lingkup divisi/ seksi-nya masingmasing di mana Divisi Planning bertanggung jawab untuk mengkordinasikan dari setiap kejadian risiko stratejik tersebut.

Strategic Risk Risk management implementation for strategic risk In the implementation of strategic risk management, every division/ section is involved in identifying the strategic risks within their divisions/ sections, wherein Planning Division is in charge of coordinating each event of any such strategic risk.

Sistem pelaporan kepada Direksi mengenai analisa risiko stratejik dilakukan oleh Divisi Manajemen Risiko dan harus dijaga hasil analisanya serta dievaluasi secara berkala. Proses identifikasi atas risiko stratejik dilakukan oleh Bank dalam perumusan rencana bisnis dan laporan realisasi rencana bisnis Bank yang akan disampaikan ke Otoritas Jasa Keuangan, dalam penyusunannya Bank mengumpulkan data-data atas setiap aktivitas fungsional tertentu, sebagai contoh dari aktivitas perkreditan (penyediaan dana kepada nasabah Bank), aktivitas treasuri (pengumpulan dana untuk kegiatan operasional Bank dan kegiatan lainnya), perencanaan produk baru, investasi, operasional dan jasa. Dengan melakukan analisa SWOT (Strength, Weakness, Opportunities, Threat), Bank dapat melakukan identifikasi terhadap kekuatan dan kelemahan yang dimiliki. Potensi risiko yang akan dihadapi oleh Bank juga dapat diidentifikasi dengan melihat kesempatan dan ancaman yang ada. Parameter ini dapat menggambarkan potensi keuntungan atau kerugian yang akan dihadapi oleh Bank di masa yang akan datang. Metode pengukuran risiko stratejik dilakukan secara kuantitatif maupun kualitatif yang disesuaikan dengan jenis, skala dan kompleksitas kegiatan usaha. Pengukuran dilakukan terhadap aktivitas yang tidak sesuai dengan rencana bisnis secara internal dan juga aktivitas eksternal yang dapat merugikan Bank.

The reporting system to the Board of Directors regarding strategic risk analysis is carried out by the Risk Management Division and the result must be maintained and evaluated periodically. Strategic risk identification process is carried out by the Bank in the formulation of the business plan and realization report of the Bank’s business plan to be submitted to Indonesia Financial Service Authority. In drafting the submission, the Bank collects data of each of the certain activities, for example from credit activities (the provision of credit to the Bank’s customers), treasury activities (fund collection for the Bank’s operational activity and other activities), new product planning, investment, operation and service.

Hasil pengukuran kerugian/ risiko digunakan untuk meningkatkan kualitas manajemen risiko, memantau risiko stratejik, dan memperbaiki kegiatan dalam pekerjaan masingmasing serta untuk melakukan improvisasi dalam penetapan rencana bisnis untuk periode selanjutnya.

Results of measuring loss / risk are used to enhance the quality of risk management, monitor strategic risk monitoring, improve activities in their respective works, and improvise the business plan set for the next period.

Through the analysis of SWOT (Strength, Weakness, Opportunities, Threat), the Bank is able to identify its strengths and weaknesses. The potential risks the Bank will face can also be identified by looking at the existing opportunities and threats. This parameter can describe the potential gains or losses that the Bank will face in the future.

Strategic risk measurement method is carried out in a quantitative and qualitative manner tailored to the type, scale and complexity of business operations. The measurement is taken on activities that are not in accordance with the business plan, be it internal or external activities that have the potential to harm the Bank.

G.

G. Risiko Kepatuhan Penerapan manajemen risiko untuk risiko kepatuhan Semua karyawan tanpa terkecuali terlibat dalam mengidentifikasi peristiwa risiko kepatuhan yang terjadi dalam lingkup Divisi/ Cabang/ Seksi-nya masing-masing di mana compliance officer bertanggung jawab atas setiap kejadian risiko kepatuhan pada Divisi/ Cabang/ Seksi-nya masing-masing. Satuan Kerja Kepatuhan (selanjutnya disebut sebagai “Divisi Kepatuhan”) bertanggung jawab untuk mengelola risiko

Compliance Risk Risk management implementation for compliance risk. All employees are involved in identifying compliance risk events in their Division/ Branch/ Section, wherein compliance officer is responsible for every compliance risk event in their respective Division/ Branch/ Section.

Compliance Unit (hereinafter referred to as “Compliance Division”) is responsible for managing compliance risk, except


234

H.

kepatuhan, kecuali kewajiban untuk mengkaji ulang Kebijakan Manajemen Risiko Kepatuhan ini dilakukan oleh Divisi Manajemen Risiko. Sistem pelaporan kepada Direksi mengenai analisa risiko kepatuhan dari Divisi Manajemen Risiko dijaga dan hasil analisanya dievaluasi secara berkala. Direktur yang membawahkan Fungsi Kepatuhan memiliki peranan penting dalam manajemen risiko untuk risiko kepatuhan dengan tanggung jawab paling kurang sebagaimana diatur dalam ketentuan yang berlaku mengenai pelaksanaan fungsi kepatuhan bank umum. Strategi manajemen risiko disusun untuk memastikan bahwa eksposur risiko Bank dikelola secara terkendali sesuai dengan kebijakan, prosedur intern Bank serta peraturan perundangundangan dan ketentuan lain yang berlaku. Strategi Manajemen Risiko bank memiliki prinsip-prinsip umum seperti : Berorientasi Jangka Panjang, Komprehensif dalam Pengendalian dan Pengelolaan Risiko, serta Kecukupan Modal.

that the obligation to review the Compliance Risk Management Policy is conducted by the Risk Management Division.

Pemantauan risiko kepatuhan dilakukan oleh Seksi Kepatuhan dan Divisi Manajemen Risiko, di mana Seksi Kepatuhan melakukan pemantauan atas implementasi manajemen risiko kepatuhan disetiap Unit/ Seksi/ Divisi dan melaporkan hasilnya kepada Divisi Manajemen Risiko. Pemantauan dilakukan terhadap posisi/ eksposur risiko secara keseluruhan, maupun per aktvitas fungsional oleh Unit/ Seksi/ Divisi terkait di bawah koordinasi oleh Seksi Kepatuhan. Misalnya, pemantauan atas kepatuhan terhadap Perjanjian Kredit, kepatuhan terhadap limit, dan lain-lain yang dilaporkan oleh Seksi/Divisi terkait.

Compliance risk monitoring is conducted by Compliance Section and Risk Management Division, where in Compliance Section monitors and implements compliance risk management in every Unit/ Section/ Division and report the result to Risk Management Division. Monitoring is done to the overall risk exposure/ position, or functional activities by related Unit/ Section/ Division under the coordination of Compliance Section. For instance, monitoring of compliance with the Loan Agreement, compliance to the limit, and others reported by related Section/Division.

Divisi Audit bertindak sebagai fungsi audit akan melakukan pemeriksaan terhadap implementasi risiko kepatuhan di setiap Seksi/ Divisi dan Divisi Manajemen Risiko akan melaporkan profil risiko kepatuhan kepada Manajemen termasuk menindak lanjuti temuan dari Divisi Audit.

Inspection Division acts as audit function to check the implementation of compliance risk in every Section/ Division, and Risk Management Division will report the compliance risk profile to the management, including the follow-up on the findings by the Inspection Division.

The reporting system to the Board of Directors on compliance risk analysis of Risk Management Division is maintained and the result is periodically evaluated. The Director in Charge for Compliance Function has an important role in risk management for compliance risk with responsibility at least as stipulated in the applicable laws and regulations on the implementation of the compliance functions of commercial bank.

Risk management strategy is designed to ensure that the Bank’s risk exposure is managed in a internal policies, procedures and applicable laws and regulations as well as other provisions. The principles such as: Oriented Long-Term, Comprehensive Control and Risk Management, and Capital Adequacy.

H.

Risiko Reputasi Penerapan manajemen risiko untuk risiko reputasi Divisi Planning mencatat dan menatausahakan setiap kejadian yang terkait dengan risiko reputasi termasuk jumlah potensi kerugian yang diakibatkan kejadian dan melakukan analisa untuk memperkirakan potensi kerugian pada bank. Sementara data keluhan nasabah diadministrasikan oleh Seksi Prinsip Mengenal Nasabah dan dimonitor oleh Divisi Planning. Risiko reputasi dilaporkan secara berkala kepada Direksi untuk keperluan evaluasi. Sebagai bentuk pengendalian risiko reputasi, Bank berpedoman pada kebijakan dan prosedur tertulis yang memenuhi prinsipprinsip transparansi dan peningkatan kualitas pelayanan nasabah dan stakeholders lainnya dalam rangka mengendalikan

Reputation Risk Risk management implementation for reputation risk Planning Division records and administers every event associated with reputation risk including the potential loss resulted from the number of events, potential losses. Meanwhile, customer complaint data is administered by the Know Your Customer Section and monitored by the Planning Division. Reputation risk is reported periodically to the Board of Directors for the evaluation purpose.

As a form of reputation risk control program, the Bank refers to the written policies and procedures that comply with the principles of transparency and the enhancement of quality service for customers and stakeholders in order to control reputation


235

risiko reputasi. Bank juga menerapkan kebijakan komunikasi yang tepat dalam rangka menghadapi berita/ publikasi yang bersifat negatif atau pencegahan informasi yang cenderung kontraproduktif, antara lain dengan cara menerapkan strategi penggunaan media yang efektif untuk mengcounter pemberitaan negatif.

risk. The Bank also implements appropriate communication policies to deal with negative news/ publications or avoid counterproductive information by implementing an effective strategy of media use to counter negative publications.

Sistem pengendalian internal risiko reputasi dilakukan dengan bekerjasama antara Divisi Planning dan Divisi Manajemen Risiko. Bank juga menerapkan strategi mitigasi bank, yang dalam hal ini berupa perbaikan prosedur secara terus menerus dengan mempertimbangkan risiko, kepatuhan dan pelayanan kepada nasabah. Pencegahan ini merupakan hal penting dan harus diprioritaskan penanganannya agar tidak menimbulkan keresahan baik bagi nasabah maupun karyawan Bank.

The internal controlling system of the reputation risk is done through the collaboration of Planning Division and Risk Management Division. The Bank also implements a banking mitigation strategy, which is in this case a continuous improvement of the procedures by considering risk, compliance and customer service. This important prevention must be prioritized so as not to cause unrest among the Bank’s customers and employees.


236

Tabel 2.1.a Pengungkapan Tagihan Bersih Berdasarkan Wilayah - Bank secara Individual Table 2.1.a Disclosure of Net Claims by Region - Individual Bank dalam jutaan Rupiah

31-Dec-14 No.

Kategori Portofolio/ Portfolio Categories

1

Tagihan Kepada Pemerintah/

2

Tagihan Kepada Entitas

Tagihan Bersih Berdasarkan Wilayah/ Net Claim by Region Jakarta

Banten

Jawa Barat

Jawa Tengah

Jawa Timur

Luar Jawa

Luar Negeri

Jakarta

Banten

West Java

Central Java

East Java

Outside Java

Overseas

Total Total

2,138,362

-

-

-

-

-

-

2,138,362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,150,104

-

-

-

-

-

795,090

1,945,195

-

-

-

-

-

-

-

-

37,155

54,739

69,139

-

-

233,217

-

394,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,941,001

92,754

2,689,930

424,296

631,646

776,952

-

10,556,580

68,156

25,526

22,039

-

-

-

-

115,721

Claim to The Government Sektor Publik/ Claim to Public Sector Entities 3

Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional/ Claim to The Multilateral Development Banks and International Institutions

4

Tagihan Kepada Bank/ Claim to The Bank

5

Kredit Beragun Rumah Tinggal/ Residential Mortgage Loans

6

Kredit Beragun Properti Komersial/ Commercial Property Mortgage Loans

7

Kredit Pegawai/Pensiunan/ Retired/ Staff Loan

8

Tagihan Kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel/ Claim to Micro, Small and Retail Portfolio

9

Tagihan kepada Korporasi/ Claim to Corporate

10

Tagihan yang Telah Jatuh Tempo/ Claim on Past Due

11

Aset Lainnya/ Others Asset

12

Eksposur di Unit Usaha Syariah

112,480

-

-

-

-

-

-

112,480

-

-

-

-

-

-

-

-

9,447,258

173,019

2,781,108

424,296

631,646

1,010,169

795,090

15,262,588

(apabila ada)/ Exposure in Units of Sharia (when available) Total


237

In million Rupiah

31-Dec-13 No.


1


2

Tagihan Kepada Entitas


Banten

Jawa Barat

Jawa Tengah

Jawa Timur

Luar Jawa

Luar Negeri

Jakarta

Banten

West Java

Central Java

East Java

Outside Java

Overseas

Total Total

2,516,546

-

-

-

-

-

-

2,516,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400,626

-

-

-

-

-

840,985

1,241,611

-

-

-

-

-

-

-

-

12,170

-

73,020

-

26,250

275,232

-

386,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,448,767

32,007

2,567,248

270,592

533,020

857,444

-

9,709,079

43,900

-

8,446

-

-

-

-

52,347

Claim to The Government Sektor Publik/ Claim to Public Sector Entities 3


4


5


6


7


8


9


10


11


12


146,568

-

-

-

-

-

-

146,568

-

-

-

-

-

-

-

-

8,568,577

32,007

2,648,714

270,592

559,270

1,132,676

840,985

14,052,823



238

Tabel 2.1.b Pengungkapan Tagihan Bersih Berdasarkan Wilayah - Bank secara Konsolidasi dengan Perusahaan Anak Table 2.1.b Disclosure of Net Claims By Region - Bank Consolidated with Subsidiary dalam jutaan Rupiah

31-Dec-14 Kategori Portofolio/

No.

1

Portfolio Categories



Banten

Jawa Barat

Jawa Tengah

Jawa Timur

Luar Jawa

Luar Negeri

Jakarta

Banten

West Java

Central Java

East Java

Outside Java

Overseas

Total Total

2,138,362

-

-

-

-

-

-

2,138,362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,150,104

-

-

-

-

-

795,090

1,945,195

-

-

-

-

-

-

-

-

37,155

54,739

69,139

-

-

233,217

-

394,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,985,919

118,861

2,838,956

428,941

681,612

804,893

-

10,859,181

68,156

25,526

22,039

-

-

-

-

115,721

114,014

-

-

-

-

-

-

114,014

-

-

-

-

-

-

-

-

9,493,710

199,126

2,930,134

428,941

681,612

1,038,110

795,090

15,566,722

Claim to The Government 2

Tagihan Kepada Entitas Sektor Publik/ Claim to Public Sector Entities

3


4


5


6


7


8


9


10


11


12

Eksposur di Unit Usaha Syariah (apabila ada)/ Exposure in Units of Sharia (when available) Total


239

In million Rupiah


No.

1




Banten

Jawa Barat

Jawa Tengah

Jawa Timur

Luar Jawa

Luar Negeri

Jakarta

Banten

West Java

Central Java

East Java

Outside Java

Overseas

Total Total

2,516,546

-

-

-

-

-

-

2,516,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400,626

-

-

-

-

-

840,985

1,241,611

-

-

-

-

-

-

-

-

12,170

-

73,020

-

26,250

275,232

-

386,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,446,560

32,007

2,794,871

272,215

588,724

883,133

-

10,017,510

43,900

-

8,446

-

-

-

-

52,347

149,808

-

-

-

-

-

-

149,808

-

-

-

-

-

-

-

-

8,569,611

32,007

2,876,337

272,215

614,974

1,158,364

840,985

14,364,494



3


4


5


6


7


8


9


10


11


12



240

Tabel 2.2.a. Pengungkapan Tagihan Bersih Berdasarkan Sisa Jangka Waktu Kontrak - Bank secara Individual Table 2.2.a. Disclosure of Net Claims Based Remaining Contract Term - Individual Bank dalam jutaan Rupiah


No.

1



Tagihan bersih berdasarkan sisa jangka waktu kontrak/ Net Claims Based Remaining Contract Term < 1 tahun/

>1 thn s.d. 3 thn

>3 thn s.d. 5 thn

> 5 thn

Non-Kontraktual

Total

< 1 year

> 1 year until 3

> 3 years until 5

> 5 years

Non-Contractual

Total

years

years

1,157,400

32,554

71,395

-

877,013

2,138,362

-

-

-

-

-

-

-

-

-

-

-

-

77,991

1,094,526

-

-

772,678

1,945,195

-

-

-

-

-

-

152,990

-

56,754

184,506

-

394,250

-

-

-

-

-

-

-

-

-

-

-

-

7,331,060

1,571,337

1,062,252

589,656

2,276

10,556,580

-

-

-

115,721

-

115,721



3


4


5


6


7


8


9


10


11


-

-

-

-

112,480

112,480

12


-

-

-

-

-

-

8,719,440

2,698,417

1,190,401

889,883

1,764,447

15,262,588



241

In million Rupiah


No.

1




>1 thn s.d. 3 thn

>3 thn s.d. 5 thn

> 5 thn

Non-Kontraktual

Total

< 1 year

> 1 year until 3

> 3 years until 5

> 5 years

Non-Contractual

Total

years

years

1,642,035

-

-

-

874,511

2,516,546

-

-

-

-

-

-

-

-

-

-

-

-

380,682

1,934

-

-

858,995

1,241,611

-

-

-

-

-

-

24,340

120,556

-

241,776

-

386,672

-

-

-

-

-

-

-

-

-

-

-

-

7,063,577

1,086,098

1,159,989

399,414

-

9,709,079

-

-

-

52,347

-

52,347



3


4


5


6


7


8


9


10


11


-

-

-

-

146,568

146,568

12


-

-

-

-

-

-

9,110,634

1,208,589

1,159,989

693,537

1,880,074

14,052,823



242

Tabel 2.2.b Pengungkapan Tagihan Bersih Berdasarkan Sisa Jangka Waktu Kontrak - Bank secara Konsolidasi dengan Perusahaan Anak Table 2.2.b Disclosure of Net Claims Based Remaining Contract Term - Bank Consolidated with Subsidiary dalam jutaan Rupiah

31-Dec-14 No.

1




>1 thn s.d. 3 thn

>3 thn s.d. 5 thn

> 5 thn

Non-Kontraktual

Total

< 1 year

> 1 year until 3

> 3 years until 5

> 5 years

Non-Contractual

Total

years

years

1,157,400

32,554

71,395

-

877,013

2,138,362

-

-

-

-

-

-

-

-

-

-

-

-

77,991

1,094,526

-

-

772,678

1,945,195

-

-

-

-

-

-

152,990

-

56,754

184,506

-

394,250

-

-

-

-

-

-

-

-

-

-

-

-

7,348,322

1,736,158

1,182,769

589,656

2,276

10,859,181

-

-

-

115,721

-

115,721



3


4


5


6


7


8


9


10


11


12


952

-

-

582

112,480

114,014

-

-

-

-

-

-

8,737,655

2,863,238

1,310,918

890,465

1,764,447

15,566,722



243

In million Rupiah


No.

1




>1 thn s.d. 3 thn

>3 thn s.d. 5 thn

> 5 thn

Non-Kontraktual

Total

< 1 year

> 1 year until 3

> 3 years until 5

> 5 years

Non-Contractual

Total

years

years

1,642,035

-

-

-

874,511

2,516,546

-

-

-

-

-

-

-

-

-

-

-

-

380,682

1,934

-

-

858,995

1,241,611

-

-

-

-

-

-

24,340

120,556

-

241,776

-

386,672

-

-

-

-

-

-

-

-

-

-

-

-

7,070,451

1,271,034

1,276,610

399,414

-

10,017,510

-

-

-

52,347

-

52,347

1,060

832

-

1,348

146,568

149,808

-

-

-

-

-

-

9,118,568

1,394,357

1,276,610

694,885

1,880,074

14,364,494



3


4


5


6


7


8


9


10


11


12



244

Tabel 2.3.a Pengungkapan Tagihan Bersih Berdasarkan Sektor Ekonomi - Bank secara Individual Table 2.3.a Disclosure of Net Claims by Economic Sector – Individual Bank dalam jutaan Rupiah

Tagihan Kepada Bank Pembangunan

No.

Sektor Ekonomi/ Economic Sectors

Multilateral

Tagihan Kepada

Tagihan Kepada

Pemerintah/ Claim

Entitas Sektor

to The

Publik/ Claim to

Government

Public Sector Entities

Kredit Beragun

dan Lembaga

Tagihan Kepada

Internasional/

Bank/ Claim to The

Claim to The

Bank

Rumah Tinggal/ Residential Mortgage Loans

Multilateral Development Banks and International Institutions

31-Dec-14 1

Pertanian, Perburuan dan Kehutanan/ Agriculture,

-

-

-

-

-

Hunting and Forestry 2

Perikanan/ Fisheries

-

-

-

-

-

3

Pertambangan dan Penggalian/ Mining and

-

-

-

-

-

Quarrying 4

Industri pengolahan/ Manufacturing Industry

-

-

-

-

-

5

Listrik, Gas dan Air/ Electricity, Gas and Water

-

-

-

-

-

6

Konstruksi/ Construction

-

-

-

-

-

7

Perdagangan besar dan eceran/ Wholesale and Retail

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade 8

Penyediaan akomodasi dan penyediaan makan minum/ Accommodation Providers and Food and Beverage Providers

9

Transportasi, pergudangan dan komunikasi/ Transportation, Storage and Communication

10

Perantara keuangan/ Financial Brokers

-

-

-

1,945,195

-

11

Real estate, usaha persewaan dan jasa perusahaan/

-

-

-

-

-

2,138,362

-

-

-

-

Real Estate, Rental Business, and Corporate Services 12

Administrasi Pemerintahan, pertahanan dan jaminan sosial wajib/ Public Administration, Defense and Compulsory Social Security

13

Jasa pendidikan/ Education Services

-

-

-

-

-

14

Jasa kesehatan dan kegiatan sosial/ Health Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

and Social Activities 15

Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya/ Social Services, Socio-Cultural, Entertainment and Other Individual

16

Jasa perorangan yang melayani rumah tangga/ Households Personal Services

17

Badan internasional dan badan ekstra internasional lainnya/ International and Extra International Agencies

18

Kegiatan yang belum jelas batasannya/ Undefined Activities

19

Bukan Lapangan Usaha/ Not a Business Field

-

-

-

-

-

20

Lainnya/ Others

-

-

-

-

-

2,138,362

-

-

1,945,195

-

Total


245

In million Rupiah

Eksposur di Unit

Tagihan Kepada Kredit Beragun

Usaha Mikro, Usaha

Kredit Pegawai/

Properti Komersial/

Kecil dan Portofolio

Pensiunan/

Commercial Property

Ritel/ Claim to Micro,

Retired/ Staff Loan

Mortgage Loans

Small

Tagihan kepada

Tagihan yang Telah

Korporasi/ Claim to

Jatuh Tempo/ Claim

Corporate

on Past Due

Usaha Syariah Aset Lainnya/ Others

(apabila ada)/

Asset

Exposure in Units of Sharia (when available)

and Retail Portfolio

-

-

-

3,716

-

-

-

-

-

-

739

-

-

-

-

-

-

-

-

-

-

-

-

-

5,258,212

68,156

-

-

-

-

-

130,919

-

-

-

-

-

-

326,015

-

-

-

-

-

-

2,066,937

25,526

-

-

-

-

-

-

-

-

-

-

-

-

4,947

19,036

-

-

-

-

-

1,357,362

-

-

-

394,250

-

-

1,270,237

3,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,007

-

-

-

-

-

-

-

-

-

-

-

-

-

96,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112,480

-

394,250

-

-

10,556,580

115,721

112,480

-


246

dalam jutaan Rupiah


No.


Multilateral

Tagihan Kepada

Tagihan Kepada

Pemerintah/ Claim

Entitas Sektor

to The

Publik/ Claim to

Government


Kredit Beragun

dan Lembaga

Tagihan Kepada

Internasional/

Bank/ Claim to The

Claim to The

Bank



31-Dec-13 1


-

-

-

-

-



-

-

-

-

-

3


-

-

-

-

-

Quarrying 4


-

-

-

-

-

5


-

-

-

-

-

6


-

-

-

-

-

7


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade 8


9


10


-

-

-

1,241,611

-

11


-

-

-

-

-

2,516,546

-

-

-

-



13


-

-

-

-

-

14


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-



16


17


18


19


-

-

-

-

-

20

Lainnya/ Others

-

-

-

-

-

2,516,546

-

-

1,241,611

-

Total


247

In million Rupiah

Eksposur di Unit


Usaha Mikro, Usaha

Kredit Pegawai/

Properti Komersial/


Pensiunan/

Commercial Property


Retired/ Staff Loan

Mortgage Loans

Small

Tagihan kepada

Tagihan yang Telah

Korporasi/ Claim to

Jatuh Tempo/ Claim

Corporate

on Past Due


(apabila ada)/

Asset



-

-

-

3,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,777,686

43,900

-

-

-

-

-

-

-

-

71,363

-

-

121,258

-

-

-

-

-

-

2,110,675

-

-

-

-

-

-

7,000

-

-

-

-

-

-

97,619

8,446

-

-

-

-

-

995,741

-

-

-

315,309

-

-

1,483,630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106,763

-

-

-

-

-

-

5,056

-

-

-

-

-

-

-

-

146,568

-

386,672

-

-

9,709,079

52,347

146,568

-


248

Tabel 2.3.b. Pengungkapan Tagihan Bersih Berdasarkan Sektor Ekonomi - Bank secara Konsolidasi dengan Perusahaan Anak Table 2.3.b. Disclosure of Net Claims by Economic Sector - Bank Consolidated with Subsidiary dalam jutaan Rupiah


No.


Multilateral

Tagihan Kepada

Tagihan Kepada

Pemerintah/ Claim

Entitas Sektor

to The

Publik/ Claim to

Government


Kredit Beragun

dan Lembaga

Tagihan Kepada

Internasional/

Bank/ Claim to The

Claim to The

Bank



31-Dec-14 1


-

-

-

-

-



-

-

-

-

-

3


-

-

-

-

-

Quarrying 4


-

-

-

-

-

5


-

-

-

-

-

6


-

-

-

-

-

7


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade 8


9


10


-

-

-

1,945,195

-

11


-

-

-

-

-

2,138,362

-

-

-

-



13


-

-

-

-

-

14


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-



16


17


18


19


-

-

-

-

-

20

Lainnya/ Others

-

-

-

-

-

2,138,362

-

-

1,945,195

-

Total


249

In million Rupiah

Eksposur di Unit


Usaha Mikro, Usaha

Kredit Pegawai/

Properti Komersial/


Pensiunan/

Commercial Property


Retired/ Staff Loan

Mortgage Loans

Small

Tagihan kepada

Tagihan yang Telah

Korporasi/ Claim to

Jatuh Tempo/ Claim

Corporate

on Past Due


(apabila ada)/

Asset



-

-

-

3,716

-

-

-

-

-

-

739

-

-

-

-

-

-

-

-

-

-

-

-

-

5,488,433

68,156

-

-

-

-

-

130,919

-

-

-

-

-

-

326,723

-

-

-

-

-

-

2,077,919

25,526

-

-

-

-

-

-

-

-

-

-

-

-

54,045

19,036

-

-

-

-

-

1,347,362

-

-

-

394,250

-

-

1,270,237

3,003

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,591

-

-

-

-

-

-

41,007

-

-

-

-

-

-

-

-

-

-

-

-

-

96,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114,014

-

394,250

-

-

10,859,181

115,721

114,014

-


250

dalam jutaan Rupiah


No.


Multilateral

Tagihan Kepada

Tagihan Kepada

Pemerintah/ Claim

Entitas Sektor

to The

Publik/ Claim to

Government


Kredit Beragun

dan Lembaga

Tagihan Kepada

Internasional/

Bank/ Claim to The

Claim to The

Bank



31-Dec-13 1


-

-

-

-

-



-

-

-

-

-

3


-

-

-

-

-

Quarrying 4


-

-

-

-

-

5


-

-

-

-

-

6


-

-

-

-

-

7


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade 8


9


10


-

-

-

1,241,611

-

11


-

-

-

-

-

2,516,546

-

-

-

-



13


-

-

-

-

-

14


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-



16


17


18


19


-

-

-

-

-

20

Lainnya/ Others

-

-

-

-

-

2,516,546

-

-

1,241,611

-

Total


251

In million Rupiah

Eksposur di Unit


Usaha Mikro, Usaha

Kredit Pegawai/

Properti Komersial/


Pensiunan/

Commercial Property


Retired/ Staff Loan

Mortgage Loans

Small

Tagihan kepada

Tagihan yang Telah

Korporasi/ Claim to

Jatuh Tempo/ Claim

Corporate

on Past Due


(apabila ada)/

Asset



-

-

-

3,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,035,720

43,900

-

-

-

-

-

-

-

-

71,363

-

-

123,104

-

-

-

-

-

-

2,141,822

-

-

-

-

-

-

7,000

-

-

-

-

-

-

97,619

8,446

-

-

-

-

-

935,583

-

0

-

315,309

-

-

1,521,355

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

-

-

-

-

-

-

39,621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106,763

-

-

-

-

-

-

5,056

-

-

-

-

-

-

-

-

149,808

-

386,672

-

-

10,017,510

52,347

149,808

-


252

Tabel 2.4.a. Pengungkapan Tagihan dan Pencadangan Berdasarkan Wilayah - Bank secara Individual Table 2.4.a. Disclosure of Bills and Allowance By Region - Individual Bank dalam jutaan Rupiah

31-Dec-14 Wilayah/ Region No.

Keterangan/ Information

Jawa Jakarta

Banten

Jawa Barat

Tengah

Jakarta

Banten

West Java

Central Java

1

Tagihan/ Claims

2

Tagihan yang mengalami penurunan nilai

Jawa

Luar Jawa

Luar

Timur

Outside

Negeri

East Java

Java

Overseas

Total Total

9,016,778

140,059

2,677,647

424,242

627,491

992,881

793,500

211,292

50,335

40,818

-

-

-

-

302,445

74,694

-

-

-

-

-

-

74,694

b. Telah jatuh tempo/ Past Due

136,598

50,335

40,818

-

-

-

-

227,751

Cadangan kerugian penurunan nilai (CKPN)

122,282

24,809

18,780

-

-

-

-

165,870

1,313

-

1,598

-

-

558

-

3,469

-

-

-

-

-

-

-

14,672,598 (impaired)/ Impaired Claims a. Belum jatuh tempo/ Not Past Due Yet

3

- Individual/ Allowance for Impairment Losses - Individual 4

Cadangan kerugian penurunan nilai (CKPN) - Kolektif/ Allowance for Impairment Losses Collective

5

Tagihan yang dihapus buku/ Written - Off Claims

Tabel 2.4.b. Pengungkapan Tagihan dan Pencadangan Berdasarkan Wilayah - Bank secara Konsolidasi dengan Perusahaan Anak Table 2.4.b. Disclosure of Bills and Allowance By Region - Bank Consolidated with Subsidiary dalam jutaan Rupiah

31-Dec-14 Wilayah/ Region No.


Jawa Jakarta

Banten

Jawa Barat

Tengah

Jakarta

Banten

West Java

Central Java

1

Tagihan/ Claims

2

Tagihan yang mengalami penurunan nilai

Jawa

Luar Jawa

Luar

Timur

Outside

Negeri

East Java

Java

Overseas

Total Total

9,062,648

166,166

2,826,672

428,887

677,456

1,020,822

793,500

211,292

50,335

40,818

-

-

-

-

302,445

74,694

-

-

-

-

-

-

74,694

b. Telah jatuh tempo/ Past Due

136,598

50,335

40,818

-

-

-

-

227,751

Cadangan kerugian penurunan nilai (CKPN)

122,282

24,809

18,780

-

-

-

-

165,870

2,626

-

3,195

-

-

1,116

-

6,938

-

-

-

-

-

-

-

-

14,976,152 (impaired)/ Impaired Claims a. Belum jatuh tempo/ Not Past Due Yet

3

- Individual/ Allowance for Impairment Losses – Individual 4

Cadangan kerugian penurunan nilai (CKPN) - Kolektif/ Allowance for Impairment LossesCollective

5

Tagihan yang dihapus buku/ Written-Off Claims


253

In million Rupiah

31-Dec-13 Wilayah/ Region Jakarta

Banten

Jawa Barat

Jawa Tengah

Jawa Timur

Luar Jawa

Luar Negeri

Total

Jakarta

Banten

West Java

Central Java

East Java

Outside Java

Overseas

Total

8,351,000

24,340

2,618,917

256,065

553,483

1,101,175

839,748

13,744,728

88,237

-

36,662

-

-

-

-

124,899

5,805

-

-

-

-

-

-

5,805

82,432

-

36,662

-

-

-

-

119,094

40,595

-

28,216

-

-

-

-

68,811

593

-

921

287

-

189

-

1,990

58,235

-

-

-

-

-

58,235

In million Rupiah

31-Dec-13 Wilayah/ Region Jakarta

Banten

Jawa Barat

Jawa Tengah

Jawa Timur

Luar Jawa

Luar Negeri

Total

Jakarta

Banten

West Java

Central Java

East Java

Outside Java

Overseas

Total

8,351,335

24,340

2,846,540

257,688

609,186

1,126,863

839,748

88,237

-

36,662

-

-

-

-

dalam14,055,700 jutaan Rupiah

124,899

5,805

-

-

-

-

-

-

5,805

82,432

-

36,662

-

-

-

-

119,094

40,595

-

28,216

-

-

-

-

68,811

1,186

-

1,843

573

-

378

-

3,981

58,235

-

-

-

-

-

-

58,235


254

Tabel 2.5.a. Pengungkapan Tagihan dan Pencadangan Berdasarkan Sektor Ekonomi - Bank secara Individual Table 2.5.a. Disclosure of Claims and Allowance by Economic Sector – Individual Bank dalam jutaan Rupiah

No.

Sektor Ekonomi/ Economic Sector

Tagihan/ Claim

31-Dec-14 1

Pertanian, Perburuan dan Kehutanan/ Agriculture, Hunting and Forestry

2


3,716

3

Pertambangan dan Penggalian/ Mining and Quarrying

4


5,329,323

5


110,551

6


7

Perdagangan besar dan eceran/ Wholesale and Retail Trade

8


9


10


3,291,753

11

Real estate, usaha persewaan dan jasa perusahaan/ Real Estate, Rental Business, and Corporate Services

1,645,140

12

Administrasi Pemerintahan, pertahanan dan jaminan sosial wajib/ Public Administration, Defense and Compulsory Social

2,137,729

743 -

142,213 2,051,556 41,379

Security 13


-

14

Jasa kesehatan dan kegiatan sosial/ Health Services and Social Activities

-

15

Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya/ Social Services, Socio-Cultural, Entertainment and

-

Other Individual 16


17


18


19


20

Lainnya/ Others

41,007 96,489 83,446

Total

14,975,044


255

In million Rupiah

Tagihan yang Mengalami Penurunan Nilai/ Impaired Claims Belum Jatuh Tempo/ Not

Telah Jatuh Tempo/ Past Due

Past Due Yet

Cadangan kerugian penurunan

Cadangan kerugian

nilai (CKPN) - Individual/

penurunan nilai (CKPN)

Tagihan yang hapus buku/ Written-

Allowance for Impairment Losses

- Kolektif/ Allowance for

Off Claims

- Individual

Impairment Losses - Collective

-

-

-

-

-

-

-

-

4

-

-

-

-

-

-

74,694

134,628

120,313

2,984

-

-

-

-

-

-

-

-

-

-

-

-

52,304

26,778

481

-

-

-

-

-

-

-

37,664

18,628

-

-

-

-

-

-

-

-

3,155

152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,694

227,751

165,870

3,469

-


256

dalam jutaan Rupiah

No.


Tagihan/ Claim

31-Dec-13 1


2


3,651

3


4


5


6


7


8


9


10


2,231,283

11


1,772,648

12


2,514,100

4,784,067 184,677 1,993,352 7,000 133,050

Security 13


-

14


-

15


-

Other Individual 16


17


18


19


20

Lainnya/ Others

106,763 5,056 133,981

Total

13,869,627


257

In million Rupiah



Past Due Yet


Cadangan kerugian






Off Claims

- Individual


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82,432

38,532

1,438

58,235

-

-

-

-

-

-

-

-

-

-

5,805

-

2,064

482

-

-

-

-

-

-

-

36,662

28,216

-

-

-

-

-

-

-

-

-

-

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,805

119,094

68,811

1,990

58,235


258

Tabel 2.5.b. Pengungkapan Tagihan dan Pencadangan Berdasarkan Sektor Ekonomi - Bank secara Konsolidasi dengan Perusahaan Anak Table 2.5.b. Disclosure of Claims and Allowance by Economic Sector - Bank Consolidated with Subsidiary dalam jutaan Rupiah

No.


Tagihan/ Claim

31-Dec-14 1


2


3,716

3


4


5,559,544

5


110,551

6


7


8


9


10


3,281,754

11


1,645,140

12


2,137,729

743 -

142,921 2,062,538 90,477

Security 13


-

14


15


21,591

Other Individual 16


17


18


19


20

Lainnya/ Others

41,007 96,489 84,398

Total

15,278,597


259

In million Rupiah



Past Due Yet


Cadangan kerugian






Off Claims

- Individual


-

-

-

-

-

-

-

-

8

-

-

-

-

-

-

74,694

134,628

120,313

5,967

-

-

-

-

-

-

-

-

-

-

-

-

52,304

26,778

962

-

-

-

-

-

-

-

37,664

18,628

-

-

-

-

-

-

-

-

3,155

152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,694

227,751

165,870

6,938

-


260

dalam jutaan Rupiah

No.


Tagihan/ Claim

31-Dec-13 1


2


3,651

3


4


5


6


7


8


9


10


2,171,127

11


1,810,373

12


2,514,100

5,042,101 186,522 2,024,500 7,000 133,050

Security 13


-

14


15


216 39,621

Other Individual 16


17


18


19


20

Lainnya/ Others

106,763 5,056 136,520

Total

14,180,600


261

In million Rupiah



Past Due Yet


Cadangan kerugian






Off Claims

- Individual


-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82,432

38,532

2,875

58,235

-

-

-

-

-

-

-

-

-

-

5,805

-

2,064

965

-

-

-

-

-

-

-

36,662

28,216

-

-

-

-

-

-

-

-

-

-

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,805

119,094

68,811

3,981

58,235


262

Tabel 2.6.a. Pengungkapan Rincian Mutasi Cadangan Kerugian Penurunan Nilai - Bank secara Individual Table 2.6.a. Disclosure of Allowance for Impairment Losses Mutation Details - Individual Bank dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No.

1


Saldo awal CKPN/ Allowance for Impairment Losses Beginning

31-Dec-13 CKPN Kolektif/

CKPN Individual/

CKPN Kolektif/

CKPN Individual/

Allowance for

Allowance for

Allowance for

Allowance for

Impairment Losses -

Impairment Losses -

Impairment Losses -

Impairment Losses -

Individual

Collective

Individual

Collective

68,811

6,485

93,818

6,550

97,023

6,892

84,627

(1,167)

97,154

6,892

88,726

-

(131)

-

(4,099)

(1,167)

-

-

58,235

-

-

-

52,681

-

36

66

1,282

1,101

165,870

13,443

68,811

6,485

Balance 2

Pembentukan (pemulihan) CKPN pada periode berjalan (Net)/ Forming (Reversal) Allowance for Impairment Losses in Current Year 2.a

Pembentukan CKPN pada periode berjalan/ Forming Allowance for Impairment Losses in Current Year

2.b

Pemulihan CKPN pada periode berjalan/ Reversal of Allowance for Impairment Losses in Current Year

3

CKPN yang digunakan untuk melakukan hapus buku atas tagihan pada periode berjalan/ Allowance for Impairment Losses that used for Write-off in Current Year

4

CKPN yang digunakan dalam rangka transaksi penjualan kredit secara diskon/ Allowance for Impairment Losses that used for selling loan with discount

5

Pembentukan (pemulihan) lainnya pada periode berjalan/ Other Forming (Other Reversal ) of Allowance for Impairment Losses) in Current Year

Saldo akhir CKPN/ Allowance for Impairment Losses Ending Balance


263

Tabel 2.6.b. Pengungkapan Rincian Mutasi Cadangan Kerugian Penurunan Nilai - Bank secara Konsolidasi dengan Perusahaan Anak Table 2.6.b. Disclosure of Allowance for Impairment Losses Mutation Details - Bank Consolidated with Subsidiary dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No.

1


Saldo awal CKPN/ Allowance for Impairment Losses Beginning

31-Dec-13 CKPN Kolektif/

CKPN Individual/

CKPN Kolektif/

CKPN Individual/

Allowance for

Allowance for

Allowance for

Allowance for

Impairment Losses -

Impairment Losses -

Impairment Losses -

Impairment Losses -

Individual

Collective

Individual

Collective

68,811

6,613

93,818

6,687

97,023

7,044

84,627

(1,194)

97,154

6,982

88,726

(19)

(131)

62

(4,099)

(1,175)

-

-

58,235

-

-

-

52,681

-

36

67

1,282

1,120

165,870

13,724

68,811

6,613

Balance 2

Pembentukan (pemulihan) CKPN pada periode berjalan (Net)/ Forming (Reversal) Allowance for Impairment Losses in Current Year 2.a

Pembentukan CKPN pada periode berjalan/ Forming Allowance for Impairment Losses in Current Year

2.b

Pemulihan CKPN pada periode berjalan/ Reversal of Allowance for Impairment Losses in Current Year

3

CKPN yang digunakan untuk melakukan hapus buku atas tagihan pada periode berjalan/ Allowance for Impairment Losses that used for Write-off in Current Year

4

CKPN yang digunakan dalam rangka transaksi penjualan kredit secara diskon/ Allowance for Impairment Losses that used for selling loan with discount

5

Pembentukan (pemulihan) lainnya pada periode berjalan/ Other Forming (Other Reversal ) of Allowance for Impairment Losses) in Current Year

Saldo akhir CKPN/ Allowance for Impairment Losses Ending Balance


264

Tabel 3.1.a. Pengungkapan Tagihan Bersih Berdasarkan Kategori Portofolio dan Skala Peringkat - Bank secara Individual Table 3.1.a. Disclosure of Net Claims by Portfolio Category and Rating Scale - Individual Bank dalam jutaan Rupiah

31-Dec-14 Tagihan Bersih/ Net Claims Lembaga Pemeringkat/ Rating Agencies

No.

1


Tagihan Kepada Pemerintah/ Claim to The

Peringkat Jangka Panjang/ Long Term Rating

Standard and Poor's

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Fitch Rating

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Moody's

Aaa

Aa1 s.d Aa3

A1 s.d A3

Baa1 s.d Baa3

Ba1 s.d Ba3

PT. Fitch Ratings Indonesia

AAA (idn)

AA+(idn) s.d AA-(idn)

A+(idn) s.d. A-(idn)

BBB+(idn) s.d BBB-(idn)

BB+(idn) s.d BB-(idn)

PT ICRA Indonesia

[Idr]AAA

[Idr]AA+ s.d [Idr]AA-

[Idr]A+ s.d [Idr]A-

[Idr]BBB+ s.d [Idr]BBB-

[Idr]BB+ s.d [Idr]BB-

PT Pemeringkat Efek Indonesia

idAAA

idAA+ s.d idAA-

idA+ s.d id A-

id BBB+ s.d id BBB-

id BB+ s.d id BB-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271

19,418

1,520,647

37,850

908

-

-

167,860

-

-

-

-

-

-

-

271

19,418

1,688,506

37,850

908

Government 2


3


4


5


6


7


8


9


10


11


12

Eksposur di Unit Usaha Syariah (apabila ada)/ Exposure in Units of Sharia (when available) TOTAL


265

In million Rupiah

31-Dec-14 Tagihan Bersih/ Net Claims Peringkat Jangka Pendek/ Long Term Rating

B+ s.d B-

Kurang dari BLess than B-

A-1

A-2

A-3

Kurang dari A-3 Less than A-3

B+ s.d B-


F1+ s.d F1

F2

F3

Kurang dari F3 Less than F3

B1 s.d B3

Kurang dari B3 Less than B3

P-1

P-2

P-3

Kurang dari P-3 Less than P-3

B+(idn) s.d B-(idn)

Kurang dari B-(idn) Less than B-(idn)

F1+(idn) s.d F1(idn)

F2(idn)

F3(idn)

Kurang dari F3(idn) Less than F3(idn)

[Idr]B+ s.d [Idr]B-

Kurang dari [Idr]BLess than [ldr]B-

[Idr]A1+ s.d [Idr]A1


[Idr]A3+ s.d [Idr] A3

Kurang dari [Idr] A3 Less than [Idr]A3

id B+ s.d id B-

Kurang dari idBLess than idB-

idA1

idA2

idA3 s.d id A4

Kurang dari idA4 Less than idA4

Tanpa Peringkat/ Non rated

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

505

-

-

-

-

-

365,596

1,945,195

-

-

-

-

-

-

10,388,720

10,556,580

-

-

-

-

-

-

-

-

505

-

-

-

-

-

10,754,317

12,501,775


266

dalam jutaan Rupiah


No.

1




Standard and Poor's

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Fitch Rating

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Moody's

Aaa

Aa1 s.d Aa3

A1 s.d A3

Baa1 s.d Baa3

Ba1 s.d Ba3


AAA (idn)





PT ICRA Indonesia

[Idr]AAA


[Idr]A+ s.d [Idr]A-




idAAA

idAA+ s.d idAA-

idA+ s.d id A-

id BBB+ s.d id BBB-

id BB+ s.d id BB-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

273

13,501

819,149

401,168

2,802

-

-

108,258

-

-

-

-

-

-

-

273

13,501

927,407

401,168

2,802

Government 2


3


4


5


6


7


8


9


10


11


12



267

In million Rupiah


B+ s.d B-


A-1

A-2

A-3


B+ s.d B-


F1+ s.d F1

F2

F3


B1 s.d B3


P-1

P-2

P-3


B+(idn) s.d B-(idn)



F2(idn)

F3(idn)


[Idr]B+ s.d [Idr]B-

Kurang dari [Idr]BLess than [ldr] B-





id B+ s.d id B-


idA1

idA2

idA3 s.d id A4



Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,479

-

-

-

-

-

3,239

1,241,611

-

-

-

-

-

-

9,600,821

9,709,079

-

-

-

-

-

-

-

-

1,479

-

-

-

-

-

9,604,060

10,950,690


268

Tabel 3.1.b. Pengungkapan Tagihan Bersih Berdasarkan Kategori Portofolio dan Skala Peringkat - Bank secara Konsolidasi dengan Perusahaan Anak Table 3.1.b. Disclosure of Net Claims by Portfolio Category and Rating Scale - Bank Consolidated with Subsidiary dalam jutaan Rupiah


No.

1




Standard and Poor's

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Fitch Rating

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Moody's

Aaa

Aa1 s.d Aa3

A1 s.d A3

Baa1 s.d Baa3

Ba1 s.d Ba3


AAA (idn)





PT ICRA Indonesia

[Idr]AAA


[Idr]A+ s.d [Idr]A-




idAAA

idAA+ s.d idAA-

idA+ s.d id A-

id BBB+ s.d id BBB-

id BB+ s.d id BB-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

271

19,418

1,520,647

37,850

908

-

-

167,860

-

-

-

-

-

-

-

271

19,418

1,688,506

37,850

908

Government 2


3


4


5


6


7


8


9


10


11


12



269

In million Rupiah


B+ s.d B-


A-1

A-2

A-3


B+ s.d B-


F1+ s.d F1

F2

F3


B1 s.d B3


P-1

P-2

P-3


B+(idn) s.d B-(idn)



F2(idn)

F3(idn)


[Idr]B+ s.d [Idr]B-






id B+ s.d id B-


idA1

idA2

idA3 s.d id A4



Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

505

-

-

-

-

-

365,596

1,945,195

-

-

-

-

-

-

10,691,321

10,859,181

-

-

-

-

-

-

-

-

505

-

-

-

-

-

11,056,917

12,804,375


270

dalam jutaan Rupiah


No.

1




Standard and Poor's

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Fitch Rating

AAA

AA+ s.d AA-

A+ s.d A-

BBB+ s.d BBB-

BB+ s.d BB-

Moody's

Aaa

Aa1 s.d Aa3

A1 s.d A3

Baa1 s.d Baa3

Ba1 s.d Ba3


AAA (idn)





PT ICRA Indonesia

[Idr]AAA


[Idr]A+ s.d [Idr]A-




idAAA

idAA+ s.d idAA-

idA+ s.d id A-

id BBB+ s.d id BBB-

id BB+ s.d id BB-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

273

13,501

819,149

401,168

2,802

-

-

108,258

-

-

-

-

-

-

-

273

13,501

927,407

401,168

2,802

Government 2


3


4


5


6


7


8


9


10


11


12



271

In million Rupiah


B+ s.d B-


A-1

A-2

A-3


B+ s.d B-


F1+ s.d F1

F2

F3


B1 s.d B3


P-1

P-2

P-3


B+(idn) s.d B-(idn)



F2(idn)

F3(idn)


[Idr]B+ s.d [Idr]B-






id B+ s.d id B-


idA1

idA2

idA3 s.d id A4



Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,479

-

-

-

-

-

3,239

1,241,611

-

-

-

-

-

-

9,909,252

10,017,510

-

-

-

-

-

-

-

-

1,479

-

-

-

-

-

9,912,491

11,259,121


272

Tabel 3.2.a. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Derivatif Table 3.2.a Disclosure of Counterparty Credit Risk: Derivative Transactions

dalam jutaan Rupiah

In million Rupiah

31-Dec-14 Nilai Notional/ Notional Amount Variabel yang Mendasari/

No

Underlying Variables

> 1 Tahun < 1 Tahun

< 5 Tahun

> 5 Tahun

< 1 Year

> 1 Year - < 5

> 5 Years

Tagihan

Tagihan

Years

Tagihan

Kewajiban

Bersih

Bersih

Derivatif/

Derivatif/

sebelum

setelah

Derivative

Derivative

MRK/ Net

Claim

Liabilities

Claim

Claim

before CRM

after CRM

MRK/ CRM

MRK/ Net

BANK SECARA INDIVIDUAL/ INDIVIDUAL BANK 1

Suku Bunga/ Interest Rate

2

Nilai Tukar/ Exchange Rate

3

Lainnya/ Others TOTAL

-

-

-

-

-

-

-

-

1,656,180

54,984

-

17,099

10,724

36,410

-

36,410

-

-

-

-

-

-

-

-

1,656,180

54,984

-

17,099

10,724

36,410

-

36,410

BANK SECARA KONSOLIDASI/ CONSOLIDATED BANK 1


-

-

-

-

-

-

-

-

2


1,656,180

54,984

-

17,099

10,724

36,410

-

36,410

3

Saham/ Shares

-

-

-

-

-

-

-

-

4

Emas/ Gold

-

-

-

-

-

-

-

-

5

Logam selain Emas/ Metal Except

-

-

-

-

-

-

-

-

Gold 6


-

-

-

-

-

-

-

-

1,656,180

54,984

-

17,099

10,724

36,410

-

36,410

dalam jutaan Rupiah

In million Rupiah

31-Dec-13 Nilai Notional/ Notional Amount Variabel yang Mendasari/

No

Underlying Variables

Tagihan

> 1 Tahun < 1 Tahun

< 5 Tahun

> 5 Tahun

< 1 Year

> 1 Year - < 5

> 5 Years

Years

Tagihan

Tagihan

Kewajiban

Bersih

Bersih

Derivatif/

Derivatif/

sebelum

setelah

Derivative

Derivative

MRK/ Net

Claim

Liabilities

Claim

Claim

before CRM

after CRM

MRK/ CRM

MRK/ Net

BANK SECARA INDIVIDUAL/ INDIVIDUAL BANK 1


2


3


-

-

-

-

-

-

-

-

1,101,148

89,037

-

36,995

23,571

52,458

-

52,458

-

-

-

-

-

-

-

-

1,101,148

89,037

-

36,995

23,571

52,458

-

52,458

BANK SECARA KONSOLIDASI/ CONSOLIDATED BANK 1


-

-

-

-

-

-

-

-

2


1,101,148

89,037

-

36,995

23,571

52,458

-

52,458

3

Saham/ Shares

-

-

-

-

-

-

-

-

4

Emas/ Gold

-

-

-

-

-

-

-

-

5

Logam selain Emas/ Metal Except

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,101,148

89,037

-

36,995

23,571

52,458

-

52,458

Gold 6



273

Tabel 3.2.b.1. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Repo - Bank secara Individual Table 3.2.b.1. Disclosure of Counterparty Credit Risk: Repo Transaction Individual Bank

Bank tidak memiliki eksposur Transaksi Repo. Bank has no Repo Transaction exposure.

Tabel 3.2.b.2. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Repo - Bank secara Konsolidasi dengan Perusahaan Anak Table 3.2.b.2. Disclosure of Counterparty Credit Risk: Repo Transaction - Bank Consolidated with Subsidiary

Bank tidak memiliki eksposur Transaksi Reverse Repo. Bank has no Reverse Repo Transaction exposure.

Tabel 3.2.c.2. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Reverse Repo - Bank secara Konsolidasi dengan Perusahaan Anak Table 3.2.c.2. Disclosure of Counterparty Credit Risk: Reverse Repo Transactions - Bank Consolidated with Subsidiary

Bank tidak memiliki eksposur Transaksi Reverse Repo secara Konsolidasi dengan perusahaan Anak. Bank has no Reverse Repo Transaction exposure in Consolidated with subsidiary.


274

Tabel 4.1.a. Pengungkapan Tagihan Bersih Berdasarkan Bobot Risiko Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit - Bank secara Individual Table 4.1.a. Disclosure of Net Claims Based on Risk Weighted After Impact Calculation of Credit Risk Mitigation - Individual Bank dalam jutaan Rupiah

No.

A


Eksposur Neraca/ Exposure on Balance Sheet

1

Tagihan Kepada Pemerintah/ Claim to The Government

2


3


4


5


6


7


8


9


10


11


12

Eksposur di Unit Usaha Syariah (apabila ada)/ Exposure in Units of Sharia (when available)

B

Eksposur Kewajiban Komitmen/Kontinjensi pada Transaksi Rekening Administratif/ Exposure on Commitments/ Contingencies for off Balance Sheet Transactions

1


2


3


4


5


6


7


8


9


10


11


C

Eksposur akibat Kegagalan Pihak Lawan (Counterparty Credit Risk)/ Exposure on Counterparty Credit Risk

1


2


3


4


5


6


7


Total Eksposur Neraca/ Total Exposure on Balance Sheet

Total Eksposur TRA/ Total Exposure on Off Balance Transactions

Total Eksposur Counterparty Credit Risk/ Total Exposure on Counterparty Credit Risk


275

In million Rupiah

31-Dec-14

Beban

Tagihan Bersih Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit/ Net Claims Based on Risk Weighted After Impact Calculation of Credit Risk Mitigation 0%

20%

35%

40%

45%

50%

75%

100%

Capital

RWA

Lainnya/

150%

Modal/

ATMR/

Charge

Other

2,137,729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

810,181

-

-

-

1,117,733

-

802

-

721,705

57,736

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

394,250

-

394,250

31,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158,691

77,577

-

-

-

175,170

-

9,633,375

-

9,736,476

778,918

-

-

-

-

-

-

-

-

115,721

173,581

13,886

-

-

-

-

-

-

-

93,832

-

93,832

7,507

-

-

-

-

-

-

-

-

-

-

-

-

2,296,420

887,758

-

-

-

1,292,903

-

10,122,259

115,721

-

11,119,843

889,587

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,813

4,055

-

-

-

-

-

364,670

-

365,481

29,238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,813

4,055

-

-

-

-

-

364,670

-

-

365,481

29,238

633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,250

-

-

-

12,228

-

-

-

6,964

557

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,299

-

19,299

1,544

-

-

-

-

-

-

-

-

-

-

-

-

633

4,250

-

-

-

12,228

-

19,299

-

-

26,263

2,101


276

dalam jutaan Rupiah

No.

A



1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7


8


9


10


11


C


1


2


3


4


5


6


7






277

In million Rupiah

31-Dec-13

Beban


20%

35%

40%

45%

50%

75%

100%

Capital

RWA

Lainnya/

150%

Modal/

ATMR/

Charge

Other

2,509,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

875,252

-

-

-

360,154

-

-

-

355,127

28,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

386,672

-

386,672

30,934

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

340,216

71,593

-

-

-

97,844

-

8,934,633

-

8,943,743

715,499

-

-

-

-

-

-

-

-

52,347

78,520

6,282

-

-

-

-

-

-

-

146,568

-

121,323

9,706

-

-

-

-

-

-

-

-

-

-

-

-

2,849,356

946,845

-

-

-

457,998

-

9,467,873

52,347

-

9,885,386

790,831

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,832

5,672

-

-

-

-

-

187,442

-

188,576

15,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,832

5,672

-

-

-

-

-

187,442

-

-

188,576

15,086

7,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

-

-

-

2,205

-

-

-

1,902

152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,847

-

38,847

3,108

-

-

-

-

-

-

-

-

-

-

-

-

7,406

4,000

-

-

-

2,205

-

38,847

-

-

40,750

3,260


278 Tabel 4.1.b Pengungkapan Tagihan Bersih Berdasarkan Bobot Risiko Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit Bank secara Konsolidasi dengan Perusahaan Anak Table 4.1.b Disclosure Net Claims Based on Risk Weighted After Impact Calculation of Credit Risk Mitigation - Bank Consolidated with Subsidiary dalam jutaan Rupiah

No.

A



1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7


8


9


10


11


C


1


2


3


4


5


6


7






279

In million Rupiah

31-Dec-14

Beban


20%

35%

40%

45%

50%

75%

100%

Capital

RWA

Lainnya/

150%

Modal/

ATMR/

Charge

Other

2,137,729

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

810,181

-

-

-

1,117,733

-

802

-

721,705

57,736

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

394,250

-

394,250

31,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158,691

77,577

-

-

-

175,170

-

9,935,976

-

10,039,075

803,926

-

-

-

-

-

-

-

-

115,721

173,581

13,886

-

-

-

-

-

-

-

95,366

-

95,366

7,629

-

-

-

-

-

-

-

-

-

-

-

-

2,296,420

887,758

-

-

-

1,292,903

-

10,426,394

115,721

-

11,423,977

914,718

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,813

4,055

-

-

-

-

-

364,670

-

365,481

29,238

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,813

4,055

-

-

-

-

-

364,670

-

-

365,481

29,238

633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,250

-

-

-

12,228

-

-

-

6,964

557

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,299

-

19,299

1,544

-

-

-

-

-

-

-

-

-

-

-

-

633

4,250

-

-

-

12,228

-

19,299

-

-

26,263

2,101


280

dalam jutaan Rupiah

No.

A



1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7


8


9


10


11


C


1


2


3


4


5


6


7






281

In million Rupiah

31-Dec-13

Beban


20%

35%

40%

45%

50%

75%

100%

Capital

RWA

Lainnya/

150%

Modal/

ATMR/

Charge

Other

2,509,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

875,252

-

-

-

360,154

-

-

-

355,127

28,410

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

386,672

-

386,672

30,934

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

340,216

71,593

-

-

-

97,844

-

9,243,064

-

9,252,174

744,987

-

-

-

-

-

-

-

-

52,347

78,520

6,282

-

-

-

-

-

-

-

149,808

-

124,562

9,965

-

-

-

-

-

-

-

-

-

-

-

-

2,849,356

946,845

-

-

-

457,998

-

9,779,544

52,347

-

10,197,055

820,577

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,832

5,672

-

-

-

-

-

187,442

-

188,576

15,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,832

5,672

-

-

-

-

-

187,442

-

-

188,576

15,086

7,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

-

-

-

2,205

-

-

-

1,902

152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,847

-

38,847

3,108

-

-

-

-

-

-

-

-

-

-

-

-

7,406

4,000

-

-

-

2,205

-

38,847

-

-

40,750

3,260


282

Tabel 4.2.a. Pengungkapan Tagihan Bersih dan Teknik Mitigasi Risiko Kredit - Bank secara Individual Table 4.2.a. Disclosure of Net Claims and Credit Risk Mitigation Techniques - Individual Bank dalam jutaan Rupiah

No.

A



1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7

Kredit Pegawai/Pensiunan/ Retired Staff Loan

8


9


10


11


C


1


2


3


4


5


6


7






283

In million Rupiah

31-Dec-14 Bagian Yang Dijamin Dengan/ Portion which Secured by

Tagihan Bersih/ Net Claims

Agunan/ Collateral

Asuransi Kredit/ Credit

Garansi/ Guarantee

Bagian Yang Tidak Dijamin/ Portion which

Lainnya/ Others

Insurance

not Secured

2,137,729

-

-

-

2,137,729

-

-

-

-

-

-

-

-

-

1,928,716

1,928,716

-

-

-

-

-

-

-

-

394,250

-

-

-

394,250

-

-

-

-

-

-

-

-

-

-

10,128,743

158,691

252,747

-

9,717,305

115,721

-

-

-

115,721

112,480

-

-

-

-

-

-

-

-

-

14,817,639

158,691

252,747

-

-

14,406,201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

408,538

39,813

4,055

-

364,670

-

-

-

-

-

-

-

-

-

-

408,538

39,813

4,055

-

-

364,670

633

-

-

-

633

-

-

-

-

-

-

-

-

-

-

16,478

-

-

-

16,478

-

-

-

-

-

112,480

-

19,299

-

-

-

-

-

-

-

-

-

36,410

-

-

-

-

36,410


19,299

284

dalam jutaan Rupiah


No.

A


1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7


8


9


10


11


C


1


2


3


4


5


6


7






285

In million Rupiah



Agunan/ Collateral


Garansi/ Guarantee


Lainnya/ Others

Insurance

not Secured

2,509,140

-

-

-

2,509,140

-

-

-

-

-

-

-

-

-

-

1,235,406

-

-

-

1,235,406

-

-

-

-

-

386,672

-

-

-

386,672

-

-

-

-

-

-

-

-

-

-

9,444,285

340,217

169,437

-

8,934,631

52,347

-

-

-

52,347

146,568

-

-

-

146,568

-

-

-

-

-

-

13,774,418

340,217

169,437

-

-

13,264,764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

225,946

32,832

5,672

-

187,442

-

-

-

-

-

-

-

-

-

-

-

225,946

32,832

5,672

-

-

187,442

7,406

-

-

-

7,406

-

-

-

-

-

-

-

-

-

6,205

6,205

-

-

-

-

-

-

-

-

38,847

-

-

-

38,847

-

-

-

-

-

-

52,458

-

-

-

-

52,458


286

Tabel 4.2.b. Pengungkapan Tagihan Bersih dan Teknik Mitigasi Risiko Kredit - Bank secara Konsolidasi dengan Perusahaan Anak Table 4.2.b. Disclosure of Net Claims and Credit Risk Mitigation Techniques - Bank Consolidated with Subsidiary dalam jutaan Rupiah

No.

A



1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7


8


9


10


11


C


1


2


3


4


5


6


7






287

In million Rupiah



Agunan/ Collateral


Garansi/ Guarantee


Lainnya/ Others

Insurance

not Secured

2,137,729

-

-

-

2,137,729

-

-

-

-

-

-

-

-

-

1,928,716

1,928,716

-

-

-

-

-

-

-

-

394,250

-

-

-

394,250

-

-

-

-

-

-

-

-

-

-

10,431,344

158,691

252,747

-

10,019,906

115,721

-

-

-

115,721

114,014

-

-

-

-

-

-

-

-

-

15,121,774

158,691

252,747

-

-

14,710,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

408,538

39,813

4,055

-

364,670

-

-

-

-

-

-

-

-

-

-

408,538

39,813

4,055

-

-

364,670

633

-

-

-

633

-

-

-

-

-

-

-

-

-

-

16,478

-

-

-

16,478

-

-

-

-

-

114,014

-

19,299

-

-

-

-

-

-

-

-

-

36,410

-

-

-

-

36,410


19,299

288

dalam jutaan Rupiah

No.

A



1


2


3


4


5


6


7


8


9


10


11


12


B


1


2


3


4


5


6


7

Kredit Pegawai/Pensiunan/ Retired Staff Loan

8


9


10


11


C


1


2


3


4


5

Tagihan Kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel/ Claim to Micro, Small dan Retail Portfolio

6


7






289

In million Rupiah



Agunan/ Collateral


Garansi/ Guarantee


Lainnya/ Others

Insurance

not Secured

2,509,140

-

-

-

2,509,140

-

-

-

-

-

-

-

-

-

1,235,406

1,235,406

-

-

-

-

-

-

-

-

386,672

-

-

-

386,672

-

-

-

-

-

-

-

-

-

-

9,752,716

340,217

169,437

-

9,243,062

52,347

-

-

-

52,347

149,808

-

-

-

149,808

-

-

-

-

-

-

14,086,090

340,217

169,437

-

-

13,576,436

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

225,946

32,832

5,672

-

187,442

-

-

-

-

-

-

-

-

-

-

225,946

32,832

5,672

-

-

187,442

7,406

-

-

-

7,406

-

-

-

-

-

-

-

-

-

-

6,205

-

-

-

6,205

-

-

-

-

-

-

38,847

-

-

-

-

-

-

-

-

-

52,458

-

-

-

-

52,458


38,847

290

Tabel 5.1.a. Pengungkapan Transaksi Sekuritisasi - Bank secara Individual Table 5.1.a. Disclosure of Securitization Transactions - Individual Bank

Bank tidak memiliki eksposur Transaksi Sekuritisasi Bank has not Securitization Transaction Exposure

Tabel 5.1.b. Pengungkapan Transaksi Sekuritisasi - Bank secara Konsolidasi dengan Perusahaan Anak Table 5.1.b. Disclosure of Securitization Transactions - Bank Consolidated with Subsidiary

Bank tidak memiliki eksposur Transaksi Sekuritisasi secara Konsolidasi dengan Perusahaan anak Bank has not securitization transaction exposure in consolidated with subsidiary

Tabel 5.2.a. Pengungkapan Ringkasan Aktivitas Transaksi Sekuritisasi Bank Bertindak Sebagai Kreditur Asal - Bank secara Individual Table 5.2.a. Disclosure of Summary Securitization Transaction Activity Bank as Creditor – Individual Bank

Bank tidak memiliki eksposur Transaksi Sekuritisasi Bank bertindak sebagai Kreditur Asal Bank has no Securitization Transaction exposure which Bank as an Original Creditor

Tabel 5.2.b. Pengungkapan Ringkasan Aktivitas Transaksi Sekuritisasi Bank Bertindak Sebagai Kreditur Asal - Bank secara Konsolidasi dengan Perusahaan Anak Table 5.2.b. Disclosure of Summary Securitization Transaction Activity Bank as Creditor Bank Consolidated with Subsidiary Bank tidak memiliki eksposur Transaksi Sekuritisasi Bank bertindak sebagai Kreditur Asal secara Konsolidasi dengan Perusahaan Anak Bank has no Securitization Transaction exposure which Bank as an Original Creditor in Consolidated with Subsidiary


291

Tabel 6.1.1. Pengungkapan Eksposur Aset di Neraca Table 6.1.1. Disclosure of Assets Exposures in Balance Sheet dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No

Tagihan Bersih/ Claim Net


1


2

31-Dec-13

ATMR Sebelum MRK/ RWA before CRM

ATMR Setelah MRK/ RWA after CRM




2,137,729

-

-

2,509,140

-

-


-

-

-

-

-

-

3


-

-

-

-

-

-

4


1,928,716

721,705

721,705

1,235,406

355,127

355,127

5


-

-

-

-

-

-

6


394,250

394,250

394,250

386,672

386,672

386,672

7


-

-

-

-

-

-

8


-

-

-

-

-

-

9


10,128,743

10,044,813

9,736,476

9,444,285

9,390,157

8,943,743

10


115,721

173,581

173,581

52,347

78,520

11


112,480

93,832

146,568

11,119,843

13,774,418

TOTAL

14,817,640

11,334,349

78,520 121,323

10,210,476

9,885,386

Tabel 6.1.2. Pengungkapan Eksposur Kewajiban Komitmen/Kontinjensi pada Transaksi Rekening Administratif Table 6.1.2. Disclosure of Commitments / Contingent Exposure on Balance Sheet dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No



31-Dec-13






1


-

-

-

-

-

-

2


-

-

-

-

-

-

3


-

-

-

-

-

-

4


-

-

-

-

-

-

5


-

-

-

-

-

-

6


-

-

-

-

-

-

7


-

-

-

-

-

-

8


-

-

-

-

-

-

408,538

408,538

365,481

225,946

225,946

188,576

-

-

-

-

-

-

408,538

408,538

365,481

225,946

225,946

188,576

9


10


TOTAL


292

Tabel 6.1.3. Pengungkapan Eksposur yang Menimbulkan Risiko Kredit akibat Kegagalan Pihak Lawan (Counterparty Credit Risk) Table 6.1.3. Disclosure of Potential Credit Risk Exposure Due to Failure of Competitor (Counterparty Credit Risk) dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No

Tagihan


Bersih/ Claim Net

1


31-Dec-13

ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after

before CRM

CRM


ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after CRM

before CRM

633

-

-

7,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,478

6,964

6,964

6,205

1,902

1,902

-

-

-

-

-

-

Government 2


3


4


5


6


TOTAL

19,299

19,299

19,299

38,847

38,847

38,847

36,410

26,263

26,263

52,458

40,750

40,750

Tabel 6.1.4. Pengungkapan Eksposur yang Menimbulkan Risiko Kredit akibat Kegagalan Setelmen (settlement risk) Table 6.1.4. Disclosure of Potential Credit Risk Exposure due to Failure of Settlement (Settlement Risk)

Bank tidak memiliki eksposur yang menimbulkan Risiko Kredit akibat kegagalan setelmen Bank has no potential Credit Risk exposure due to failure of settlement

Tabel 6.1.5. Pengungkapan Eksposur Sekuritisasi Table 6.1.5. Disclosure of Securitization Exposures

Bank tidak memiliki eksposur yang sekuritisasi Bank has no securitization exposure

Tabel 6.1.6. Pengungkapan Eksposur di Unit Usaha Syariah (apabila ada) Table 6.1.6. Disclosure of Exposures in Sharia Business Unit (if any)

Bank tidak memiliki eksposur di Unit Usaha Syariah Bank has no exposure in Sharia Business Unit

Tabel 6.1.7. Pengungkapan Total Pengukuran Risiko Kredit Table 6.1.7. Disclosure of Total Credit Risk Measurement dalam jutaan Rupiah

In million Rupiah

TOTAL ATMR RISIKO KREDIT/ TOTAL OF RISK WEIGHTED ASSETS FOR CREDIT RISK TOTAL FAKTOR PENGURANG MODAL/ TOTAL OF DEDUCTION FACTOR FOR CAPITAL


31-Dec-14

31-Dec-13

11,511,569

10,114,712

-

-

293

Tabel 6.2.1. Pengungkapan Eksposur Aset di Neraca Secara Konsolidasi Table 6.2.1. Disclosure of Assets Exposures in the Consolidated Balance Sheet dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No

Tagihan


Bersih/ Claim Net

1


2

Tagihan Kepada Entitas Sektor Publik/ Claim to Public

31-Dec-13

ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after

before CRM

CRM


ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after CRM

before CRM

2,137,729

-

-

2,509,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,928,716

721,705

721,705

1,235,406

355,127

355,127

-

-

-

-

-

-

394,250

394,250

394,250

386,672

386,672

386,672

Sector Entities 3


4


5


6


7

Kredit Pegawai/ Pensiunan/ Retired/ Staff Loan

-

-

-

-

-

-

8

Tagihan Kepada Usaha Mikro, Usaha Kecil dan Portofolio

-

-

-

-

-

9,252,174

Ritel/ Claim to Micro, Small and Retail Portfolio 9


10,431,344

10,347,414

10,039,076

9,752,716

9,698,588

10


115,721

173,581

173,581

52,347

78,520

11


114,014

95,365

149,808

11,423,977

14,086,090

TOTAL

15,121,774

11,636,949

78,520 124,562

10,518,907

10,197,055

Tabel 6.2.2. Pengungkapan Eksposur Kewajiban Komitmen/ Kontinjensi pada Transaksi Rekening Administratif Secara Konsolidasi Table 6.2.2. Disclosure of Commitments / Contingent Exposure in the Consolidated Balance Sheet dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No

Tagihan


Bersih/ Claim Net

31-Dec-13

ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after

before CRM

CRM


ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after CRM

before CRM

1


-

-

-

-

-

-

2

Tagihan Kepada Entitas Sektor Publik/ Claim to Public

-

-

-

-

-

-

-

-

-

-

-

-

Sector Entities 3


4


-

-

-

-

-

-

5


-

-

-

-

-

-

6

Kredit Beragun Properti Komersial/ Commercial Property

-

-

-

-

-

-

Mortgage Loans 7


-

-

-

-

-

-

8

Tagihan Kepada Usaha Mikro, Usaha Kecil dan Portofolio

-

-

-

-

-

-

9


408,538

408,538

365,481

225,946

225,946

188,576

10


Ritel/ Claim to Micro, Small and Retail Portfolio

TOTAL

-

-

-

-

-

-

408,538

408,538

365,481

225,946

225,946

188,576


294

Tabel 6.2.3. Pengungkapan Eksposur yang Menimbulkan Risiko Kredit akibat Kegagalan Pihak Lawan (Counterparty Credit Risk) Secara Konsolidasi Table 6.2.3. Disclosure of Potential Credit Risk Exposure due to Failure of Competitor (Counterparty Credit Risk) Consolidated dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No



1


2 3

31-Dec-13

ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after

before CRM

CRM


ATMR

ATMR

Sebelum

Setelah MRK/

MRK/ RWA

RWA after CRM

before CRM

633

-

-

7,406

-

-


-

-

-

-

-

-

Tagihan Kepada Bank Pembangunan Multilateral

-

-

-

-

-

-

16,478

6,964

6,964

6,205

1,902

1,902

-

-

-

-

-

-

dan Lembaga Internasional/ Claim to The Multilateral Development Banks and International Institutions 4


5


6

Tagihan Kepada Korporasi/ Claim to Corporate

TOTAL

19,299

19,299

19,299

38,847

38,847

38,847

36,410

26,263

26,263

52,458

40,750

40,750

Tabel 6.2.4. Pengungkapan Eksposur yang Menimbulkan Risiko Kredit akibat Kegagalan Setelmen (settlement risk) Secara Konsolidasi Table 6.2.4. Disclosure of Potential Credit Risk Exposure due to Failure of Settlement (settlement risk) Consolidated

Bank tidak memiliki eksposur yang menimbulkan Risiko Kredit akibat kegagalan setelmen secara konsolidasi dengan perusahaan anak Bank has no potential Credit Risk exposure due to failure of settlement consolidated with subsidiary

Tabel 6.2.5. Pengungkapan Eksposur Sekuritisasi Secara Konsolidasi Table 6.2.5. Disclosure of Securitization Exposures Consolidated

Bank tidak memiliki eksposur sekuritisasi secara Konsolidasi dengan perusahaan anak Bank has no securitization exposure consolidated with subsidiary

Tabel 6.2.6. Pengungkapan Eksposur di Unit Usaha Syariah dan/ atau Perusahaan Anak yang Melakukan Kegiatan Usaha Berdasarkan Prinsip Syariah (apabila ada) Secara Konsolidasi Table 6.2.6. Disclosure of Exposures in Sharia Business Unit and / or its Subsidiaries Based on Sharia Business Bank tidak memiliki eksposur di Unit Usaha Syariah dan/ atau perusahaan anak yang melakukan kegiatan usaha berdasarkan prinsip syariah Bank has no exposures in Sharia Business Unit and/ or its subsidiary which conduct the business based on Sharia Principle

Tabel 6.2.7. Pengungkapan Total Pengukuran Risiko Kredit Secara Konsolidasi Table 6.2.7. Disclosure of Total Credit Risk Measurement Consolidated dalam jutaan Rupiah

In million Rupiah

31-Dec-14 TOTAL ATMR RISIKO KREDIT/ TOTAL OF RISK WEIGHTED ASSETS FOR CREDIT RISK TOTAL FAKTOR PENGURANG MODAL/ TOTAL OF DEDUCTION FACTOR FOR CAPITAL


31-Dec-13

11,815,721

10,426,381

-

-

295

Tabel 7.1. Pengungkapan Risiko Pasar dengan Menggunakan Metode Standar Table 7.1. Market Risk Disclosure Based on Standard Method dalam jutaan Rupiah

In million Rupiah

31-Dec-14 Bank/ Bank No.

Jenis Risiko/ Type of Risk


Beban

Beban

Beban

Modal/

Modal/

Modal/

Modal/

ATMR/ RWA

ATMR/ RWA

Capital

Charge Risiko Suku Bunga/ Interest Rate Risk

Bank/ Bank

Beban Capital

1

31-Dec-13


ATMR/ RWA

Capital

Charge

Charge

947

11,840

a. Risiko Spesifik/ Specific Risk

-

-

b. Risiko Umum/ General Risk

947

11,840

947

2

Risiko Nilai Tukar/ Foreign Exchange Risk

501

6,263

3

11,840

Charge

2,421

30,261

-

-

11,840

2,421

822

10,279

4,876

Risiko Ekuitas *)/ Equity Risk

-

4

Risiko Komoditas *)/ Commodities Risk

5

Risiko Option/ Option Risk Total

947

ATMR/ RWA

Capital 2,421

30,261

30,261

2,421

30,261

60,956

4,895

61,189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,448

18,103

1,770

22,119

7,297

91,217

7,316

91,450

*) Untuk bank yang memiliki perusahaan anak yang memiliki eksposur risiko dimaksud *) For the banks which have subsidiaries that have intended risk exposures

Tabel 7.2.a Pengungkapan Risiko Pasar dengan Menggunakan Model Internal (Value at Risk/VaR) - Bank secara Individual Table 7.2.a Disclosure of Market Risk with Using Internal Model (Value at Risk/ VaR) - Bank Consolidated with Subsidiary dalam jutaan Rupiah

In million Rupiah

31-Dec-14 No

Jenis Risiko/ Type of Risk

1

Risiko Suku Bunga/ Interest Rate Risk

2

Risiko Nilai Tukar/ Foreign Exchange Risk

3

Risiko Option/ Option Risk Total

31-Dec-13

VaR

VaR

VaR Rata-Rata

Maksimum/

Minimum/

/ Average VaR

Maximum

Minimum

VaR

VaR

VaR Akhir Periode/ VaR End of Period

VaR

VaR

VaR Rata-Rata

Maksimum/

Minimum/

/ Average VaR

Maximum

Minimum

VaR

VaR

VaR Akhir Periode/ VaR End of Period

62

129

51

72

262

816

57

668

8,384

13,640

3,461

5,345

10,968

28,567

472

9,280

8,446

13,768

3,512

5,417

11,230

29,383

529

9,948

Tabel 7.2.b Pengungkapan Risiko Pasar dengan Menggunakan Model Internal (Value at Risk/VaR) Bank secara Konsolidasi dengan Perusahaan Anak Table 7.2.b Disclosure of Market Risk with Using Internal Model (Value at Risk/ VaR) - Bank Consolidated with Subsidiary Bank tidak menggunakan Model Internal untuk menghitung VaR secara Konsolidasi dengan perusahaan anak dikarenakan exposure risiko pasar dari perusahaan anak dianggap tidak signifikan. Bank does not use Internal Model to calculate VaR in consolidated with subsidiary because risk market exposure from subsidiary is not significant.


296

Tabel 8.1.a. Pengungkapan Kuantitatif Risiko Operasional - Bank secara Individual Table 8.1.a. Quantitative Disclosures of Operational Risk – Individual Bank dalam jutaan Rupiah

In million Rupiah

31-Dec-14

31-Dec-13 Pendapatan

Pendapatan Bruto (RataNo.

Pendekatan yang Digunakan/ Approach Method

rata 3 tahun terakhir)/ Gross Income (Average Last

Bruto (Rata-

Beban Modal/ Capital

rata 3 tahun ATMR/ RWA

Charge

(Average Last

Pendekatan Indikator Dasar/ Basic Indicator Approach Total

Capital

ATMR/ RWA

Charge

3 years)

3 years) 1

terakhir)/ Gross Income

Beban Modal/

486,733

73,010

912,625

432,843

64,926

811,580

486,733

73,010

912,625

432,843

64,926

811,580

Tabel 8.1.b. Pengungkapan Kuantitatif Risiko Operasional - Bank secara Konsolidasi dengan Perusahaan Anak Table 8.1.b. Quantitative Disclosures of Operational Risk –Bank Consolidated with Subsidiaries dalam jutaan Rupiah

In million Rupiah

31-Dec-14

No.

Pendekatan yang Digunakan/ Approach Method

31-Dec-13

Pendapatan

Pendapatan

Bruto (Rata-

Bruto (Rata-

rata 3 tahun terakhir)/ Gross Income (Average Last

Beban Modal/ Capital

rata 3 tahun ATMR/ RWA

Charge

(Average Last

Pendekatan Indikator Dasar/ Basic Indicator Approach Total

Capital

ATMR/ RWA

Charge

3 years)

3 years) 1

terakhir)/ Gross Income

Beban Modal/

507,331

76,100

951,245

447,339

67,101

838,761

507,331

76,100

951,245

447,339

67,101

838,761


297

Tabel 9.1.a. Pengungkapan Profil Maturitas Rupiah - Bank secara Individual Table 9.1.a. Disclosure of Maturity Profile for Rupiah - Individual Bank dalam jutaan Rupiah

In million Rupiah

31-Dec-14 Jatuh Tempo/ Due Date Pos-pos/ Posts

No.

I

Saldo/ Balance

> 3 bln s.d. 6 bln > 3 Months till 6 Months


> 12 bulan > 12 Months

NERACA/ ON BALANCE A

Aset/ Asset 1

Kas/ Cash

2

Penempatan pada Bank Indonesia/ Placement on Bank Indonesia

11,442

B.

11,442

-

-

-

-

1,295,129

-

48,994

58,023

-

336

-

-

-

-

1,402,145

3

Penempatan pada bank lain/ Placement on Other Banks

4

Surat Berharga/ Securities

101,383

-

-

-

-

101,383

5

Kredit yang diberikan/ Loan

5,287,813

950,195

501,498

381,322

1,393,251

2,061,548

6

Tagihan lainnya/ Others Bills

8,803

8,803

-

-

-

-

7

Lain-lain/ Others

Total Aset/ Total Assets

II

> 1 bln s.d. 3 bln > 1 Month till 3 Months

< 1 bulan < 1 Month

336

9,616

9,616

-

-

-

-

6,821,539

2,275,521

501,498

430,316

1,451,274

2,162,931

2,714,459

1,613,453

377,868

100,300

19,420

603,417

-

-

-

-

-

-

Kewajiban/ Liabilities 1

Dana Pihak Ketiga/ Third Party Funds

2

Kewajiban pada Bank Indonesia/ Liabilities on Bank Indonesia

3

Kewajiban pada bank lain/ Liabilities on Other Banks

4

Surat Berharga yang Diterbitkan/ Securities Issued

5

Pinjaman yang Diterima/ Borrowing

6

Kewajiban lainnya/ Other Liabilities

7

Lain-lain/ Others

2,729

2,729

-

-

-

-

448,961

-

-

-

300,000

148,961

1,250,000

-

100,000

100,000

100,000

950,000 -

8,803

8,803

-

-

-

56,116

55,884

232

-

-

-

Total Kewajiban/ Total Liabillities

4,481,069

1,680,869

478,101

200,300

419,420

1,702,378

Selisih Aset dengan Kewajiban dalam Neraca/ Difference Between Assets and Liabilities in the Balance Sheet

2,340,470

594,652

23,397

230,016

1,031,854

460,552

1,094,986

560,045

157,585

263,158

76,531

37,667

REKENING ADMINISTRATIF/ ADMINISTRATIVE ACCOUNT A.

Tagihan Rekening Administratif/ Administrative Account 1

Komitmen/ Commitment

2

Kontijensi/ Contingency

-

-

-

-

-

-

1,094,986

560,045

157,585

263,158

76,531

37,667

786,874

189,924

231,359

251,666

96,152

17,773

-

-

-

-

-

-

Total Kewajiban Rekening Administratif/ Total Administrative Account Liabilities

786,874

189,924

231,359

251,666

96,152

17,773

Selisih Tagihan dan Kewajiban dalam Rekening Administratif/ Difference Between Charges and Liabilities in the Balance Sheet

308,113

370,121

(73,774)

11,492

(19,621)

19,894

2,648,583

964,773

(50,377)

241,508

1,012,233

480,446

964,773

914,396

1,155,904

2,168,136

2,648,583

Total Tagihan Rekening Administratif/ Total Administrative Account Claims

B.

Kewajiban Rekening Administratif/ Administrative Account Liabilities 1


2


Selisih [(IA-IB)+(IIA-IIB)]/ Difference [(IA-IB)+(IIA-IIB)]

Selisih Kumulatif/ Cumulative Difference


298

dalam jutaan Rupiah

In million Rupiah

31-Dec-13 Jatuh Tempo/ Due Date Pos-pos/ Posts

No.

I

Saldo/ Balance





Aset/ Asset 1

Kas/ Cash

2


16,725

B.

16,725

-

-

-

-

1,649,618

138,874

59,128

40,850

-

294

-

-

-

-

1,888,470

3


4


-

-

-

-

-

-

5


4,172,556

738,675

481,702

213,500

1,247,165

1,491,514

6


-

-

-

-

-

-

7

Lain-lain/ Others


II


< 1 bulan < 1 Month

294

4,000

4,000

-

-

-

-

6,082,045

2,409,312

620,576

272,628

1,288,015

1,491,514

2,731,956

2,009,421

111,978

1,501

5,757

603,299

-

-

-

-

-

-



2


3


1,320

1,320

-

-

-

-

4


448,153

-

-

-

-

448,153

5


450,000

-

350,000

100,000

-

-

6


-

7

Lain-lain/ Others

-

-

-

-

-

66,388

50,085

16,303

-

-

-


3,697,817

2,060,826

478,281

101,501

5,757

1,051,453


2,384,228

348,486

142,295

171,127

1,282,258

440,061

682,683

342,190

42,335

112,723

146,754

38,680




2


-

-

-

-

-

-

682,683

342,190

42,335

112,723

146,754

38,680

661,053

148,301

122,696

140,747

198,951

50,357

-

-

-

-

-

-


661,053

148,301

122,696

140,747

198,951

50,357


21,630

193,889

(80,361)

(28,024)

(52,197)

(11,677)

2,405,857

542,374

61,935

143,103

1,230,062

428,384

542,374

604,309

747,412

1,977,474

2,405,857


B.



2





299

Tabel 9.1.b. Pengungkapan Profil Maturitas Rupiah - Bank secara Konsolidasi dengan Perusahaan Anak Table 9.1.b. Disclosure of Maturity Profile for Rupiah – Bank Consolidated with Subsidiaries dalam jutaan Rupiah

In million Rupiah

31-Dec-14 Jatuh Tempo/ Due Date No.

I

Pos-pos/ Posts

Saldo/ Balance





Aset/ Asset 1

Kas/ Cash

2


11,443

B.

11,443

-

-

-

-

1,295,129

-

48,994

58,023

-

336

-

-

-

-

1,402,145

3


4


101,383

-

-

-

-

101,383

5


5,396,549

950,479

502,103

382,873

1,390,848

2,170,246

6


8,803

8,803

-

-

-

-

7

Lain-lain/ Others


II


< 1 bulan < 1 Month

336

11,009

11,009

-

-

-

-

6,931,669

2,277,199

502,103

431,867

1,448,870

2,271,629

2,713,743

1,612,737

377,868

100,300

19,420

603,417

-

-

-

-

-

-



2


3


4


5


6 7

2,729

2,729

-

-

-

-

448,961

-

-

-

300,000

148,961

1,250,000

-

100,000

100,000

100,000

950,000


11,975

11,975

-

-

-

-

Lain-lain/ Others

56,116

55,884

232

-

-

-


4,483,525

1,683,325

478,101

200,300

419,420

1,702,378


2,448,144

593,874

24,003

231,567

1,029,450

569,251

1,094,986

560,045

157,585

263,158

76,531

37,667




2


-

-

-

-

-

-

1,094,986

560,045

157,585

263,158

76,531

37,667

786,874

189,924

231,359

251,666

96,152

17,773

-

-

-

-

-

-


786,874

189,924

231,359

251,666

96,152

17,773


308,113

370,121

(73,774)

11,492

(19,621)

19,894

2,756,257

963,995

(49,771)

243,059

1,009,829

589,145

963,995

914,224

1,157,283

2,167,112

2,756,257


B.



2





300

dalam jutaan Rupiah

In million Rupiah


I

Pos-pos/ Posts

Saldo/ Balance

< 1 bulan < 1 Month





Aset/ Asset 1

Kas/ Cash

17,906

17,906

-

-

-

-

2

Penempatan pada Bank Indonesia/ Placement on Bank ndonesia

1,888,470

1,649,618

138,874

59,128

40,850

-

3


294

294

-

-

-

-

4


5


6


7

Lain-lain/ Others


B.

II


-

-

-

-

-

-

4,275,822

744,781

490,809

224,673

1,213,420

1,602,139 -

-

-

-

-

-

8,910

8,910

-

-

-

-

6,191,402

2,421,509

629,683

283,801

1,254,270

1,602,139

2,731,956

2,009,421

111,978

1,501

5,757

603,299

-

-

-

-

-

-



2


3


1,320

1,320

-

-

-

-

4


448,153

-

-

-

-

448,153

5


450,000

-

350,000

100,000

-

-

6


-

7

Lain-lain/ Others

3,294

3,294

-

-

-

66,388

50,085

16,303

-

-

-


3,701,111

2,064,120

478,281

101,501

5,757

1,051,453


2,490,291

357,389

151,402

182,300

1,248,513

550,686

682,683

342,190

42,335

112,723

146,754

38,680




2


-

-

-

-

-

-

682,683

342,190

42,335

112,723

146,754

38,680

661,053

148,301

122,696

140,747

198,951

50,357

-

-

-

-

-

-


661,053

148,301

122,696

140,747

198,951

50,357


21,630

193,889

(80,361)

(28,024)

(52,197)

(11,677)

2,511,920

551,277

71,042

154,276

1,196,317

539,009

551,277

622,319

776,595

1,972,912

2,511,920


B.



2





301

Tabel 9.2.a. Pengungkapan Profil Maturitas Valas - Bank secara Individual Table 9.2.a. Disclosure of Maturity Profile for Foreign Currency - Individual Bank dalam jutaan Rupiah

In million Rupiah


I

Pos-pos/ Posts

Saldo/ Balance





Aset/ Asset 1

Kas/ Cash

2


7,206

7,206

-

-

-

-

631,635

631,635

-

-

-

-

3


4


1,862,976

772,341

-

-

-

1,090,635

28,880

2,002

26,879

-

-

5

-


5,321,320

250,618

1,315,910

446,109

1,527,788

1,780,895

6


219,589

117,382

77,139

22,909

2,159

-

7

Lain-lain/ Others


B.

4,509

4,509

-

-

-

-

8,076,116

1,785,693

1,419,928

469,018

1,529,947

2,871,530



3,813,413

2,335,029

309,436

15,465

467

1,153,016

2


-

-

-

-

-

-

3


284,855

284,855

-

-

-

-

4


-

-

-

-

-

-

5


3,630,366

596,041

371,550

247,700

2,415,075

-

6


184,028

96,420

66,240

19,209

2,159

-

7

Lain-lain/ Others

14,888

173

14,715

-

-

-

7,927,549

3,312,517

761,940

282,374

2,417,701

1,153,016

148,567

(1,526,824)

657,988

186,643

(887,754)

1,718,514

1,714,413

990,051

302,930

245,780

159,118

16,534



II

< 1 bulan < 1 Month





2


-

-

-

-

-

-

1,714,413

990,051

302,930

245,780

159,118

16,534

1,323,880

463,118

409,904

274,639

142,308

33,910

-

-

-

-

-

-

1,323,880

463,118

409,904

274,639

142,308

33,910


390,533

526,933

(106,974)

(28,859)

16,810

(17,376)


539,100

(999,891)

551,013

157,785

(870,944)

1,701,137

(999,891)

(448,878)

(291,093)

(1,162,037)

539,100


B.



2





302

dalam jutaan Rupiah

In million Rupiah


I

Pos-pos/ Posts

Saldo/ Balance






Aset/ Asset 1

Kas/ Cash

2


8,520

8,520

-

-

-

-

620,670

620,670

-

-

-

-

3


4


1,187,291

858,701

328,590

-

-

-

10,858

6,107

3,187

1,564

-

5

-


5,598,996

438,957

1,269,674

643,368

1,462,216

1,784,780

6


210,856

79,575

102,557

23,754

4,971

-

7

Lain-lain/ Others

4,662

4,662

-

-

-

-

7,641,852

2,017,192

1,704,008

668,685

1,467,187

1,784,780


B.

II

< 1 bulan < 1 Month



4,137,688

2,764,542

207,379

10,507

2,243

1,153,016

2


-

-

-

-

-

-

3


365,100

304,250

60,850

-

-

-

4


-

-

-

-

-

-

5


3,089,936

473,386

-

608,500

1,521,250

486,800

6


189,856

69,712

95,293

19,880

4,971

-

7

Lain-lain/ Others

11,537

300

11,237

-

-

-


7,794,117

3,612,190

374,760

638,887

1,528,464

1,639,816


(152,265)

(1,594,998)

1,329,248

29,798

(61,277)

144,964

2,343,936

1,736,838

211,025

146,892

200,501

48,680




2


-

-

-

-

-

-

2,343,936

1,736,838

211,025

146,892

200,501

48,680

943,275

273,963

342,003

144,143

146,656

36,510

-

-

-

-

-

-

943,275

273,963

342,003

144,143

146,656

36,510


1,400,661

1,462,875

(130,977)

2,749

53,845

12,170


1,248,396

(132,124)

1,198,271

32,547

(7,432)

157,134

(132,124)

1,066,147

1,098,694

1,091,262

1,248,396


B.



2





303

Tabel 9.2.b. Pengungkapan Profil Maturitas Valas - Bank secara Konsolidasi dengan Perusahaan Anak Table 9.2.b. Disclosure of Maturity Profile for Foreign Currency – Bank Consolidated with Subsidiaries dalam jutaan Rupiah

In million Rupiah


I

Pos-pos/ Posts

Saldo/ Balance





Aset/ Asset 1

Kas/ Cash

2


7,206

7,206

-

-

-

-

631,635

631,635

-

-

-

-

3


4


1,862,976

772,341

-

-

-

1,090,635

28,880

2,002

26,879

-

-

5

-


5,514,903

250,618

1,318,504

447,964

1,540,539

1,957,278

6


219,589

117,382

77,139

22,909

2,159

-

7

Lain-lain/ Others


B.

5,348

5,348

-

-

-

-

8,270,538

1,786,532

1,422,521

470,873

1,542,699

3,047,913



3,812,880

2,334,496

309,436

15,465

467

1,153,016

2


-

-

-

-

-

-

3


211,884

211,884

-

-

-

-

4


-

-

-

-

-

-

5


3,894,187

596,041

371,550

247,700

2,415,075

263,822

6


184,117

96,508

66,240

19,209

2,159

-

7

Lain-lain/ Others

14,888

173

14,715

-

-

-

8,117,956

3,239,102

761,940

282,374

2,417,701

1,416,838

152,583

(1,452,570)

660,581

188,499

(875,002)

1,631,075

1,714,413

990,051

302,930

245,780

159,118

16,534



II

< 1 bulan < 1 Month





2


-

-

-

-

-

-

1,714,413

990,051

302,930

245,780

159,118

16,534

1,323,880

463,118

409,904

274,639

142,308

33,910

-

-

-

-

-

-

1,323,880

463,118

409,904

274,639

142,308

33,910


390,533

526,933

(106,974)

(28,859)

16,810

(17,376)


543,116

(925,637)

553,607

159,640

(858,193)

1,613,699

(925,637)

(372,030)

(212,390)

(1,070,583)

543,116


B.



2





304

dalam jutaan Rupiah

In million Rupiah


I

Pos-pos/ Posts

Saldo/ Balance





Aset/ Asset 1

Kas/ Cash

2


8,939

8,939

-

-

-

-

620,670

620,670

-

-

-

-

3


4


1,187,291

858,701

328,590

-

-

-

10,858

6,107

3,187

1,564

-

5

-


5,804,089

438,957

1,270,506

646,593

1,472,431

1,975,603

6


210,856

79,575

102,557

23,754

4,971

-

7

Lain-lain/ Others


B.

II

< 1 bulan < 1 Month


7,013

7,013

-

-

-

-

7,849,716

2,019,962

1,704,839

671,910

1,477,401

1,975,603



4,050,064

2,676,918

207,379

10,507

2,243

1,153,016

2


-

-

-

-

-

-

3


365,100

304,250

60,850

-

-

-

4


-

-

-

-

-

-

5


3,385,070

473,386

-

842,727

1,582,158

486,800

6


189,977

69,833

95,293

19,880

4,971

-

7

Lain-lain/ Others

11,537

300

11,237

-

-

-


8,001,749

3,524,688

374,760

873,114

1,589,372

1,639,816


(152,033)

(1,504,725)

1,330,079

(201,203)

(111,971)

335,786

2,343,936

1,736,838

211,025

146,892

200,501

48,680




2


-

-

-

-

-

-

2,343,936

1,736,838

211,025

146,892

200,501

48,680

943,275

273,963

342,003

144,143

146,656

36,510

-

-

-

-

-

-

943,275

273,963

342,003

144,143

146,656

36,510


1,400,661

1,462,875

(130,977)

2,749

53,845

12,170


1,248,628

(41,851)

1,199,102

(198,454)

(58,126)

347,956

(41,851)

1,157,251

958,797

900,672

1,248,628


B.



2





305

Laporan Keuangan Konsolidasi perusahaan induk Parent Company Consolidated Financial Statements


306



307


308

Consolidated BalanCe sheet Resona Holdings, Inc. and consolidated subsidiaries March 31, 2014

RESONA HOLDINGS, INC.

73

Millions of U.S. dollars (Note 1)

Millions of yen 2014

2013

2014

Financial Section

Assets: Cash and due from banks (Notes 3, 12 and 28)................................................... ¥ 6,471,899 Call loans and bills bought (Note 28) .................................................................... 154,318 Monetary claims bought (Note 28) ....................................................................... 332,671 Trading assets (Notes 4, 12, 28 and 29) ............................................................. 616,571 Money held in trust .............................................................................................. 193 Securities (Notes 5, 12 and 28) ............................................................................ 8,698,464 Loans and bills discounted (Notes 6, 12, 13, 28 and 34) ..................................... 26,701,668 Foreign exchange assets (Notes 7 and 28) .......................................................... 72,757 Other assets (Notes 8, 12, 28, 29 and 30) .......................................................... 934,781 Tangible fixed assets (Notes 9, 11, 20 and 27) ..................................................... 307,887 Intangible fixed assets (Notes 10, 11 and 27)....................................................... 40,475 Net defined benefit asset (Note 30) ...................................................................... 24,548 Deferred tax assets (Note 26) .............................................................................. 128,970 Customers’ liabilities for acceptances and guarantees (Notes 19 and 28) ............ 490,552 Reserve for possible loan losses (Note 28) ........................................................... (256,192) Reserve for possible losses on investments ......................................................... (133)

¥ 3,386,146 183,822 376,537 787,139 200 10,181,599 26,490,121 67,782 876,023 307,328 43,498 — 176,269 539,855 (305,532) (161)

$ 62,888 1,499 3,232 5,991 1 84,524 259,466 706 9,083 2,991 393 238 1,253 4,766 (2,489) (1)

Total Assets ....................................................................................................... ¥44,719,434

¥43,110,629

$434,548

Liabilities and Net Assets: Liabilities: Deposits (Notes 12, 14 and 28) ........................................................................... ¥35,745,906 Negotiable certificates of deposit (Note 28) .......................................................... 1,949,860 Call money and bills sold (Note 28) ...................................................................... 854,793 Payables under repurchase agreements (Notes 12 and 28) ................................. 38,994 Payables under securities lending transactions (Notes 12 and 28) ....................... 49,891 Trading liabilities (Notes 4, 28 and 29) .................................................................. 305,542 Borrowed money (Notes 12, 15 and 28) .............................................................. 1,081,701 Foreign exchange liabilities (Notes 7 and 28)........................................................ 1,173 Bonds (Notes 16 and 28)..................................................................................... 696,418 Due to trust account (Note 28)............................................................................. 533,844 Other liabilities (Notes 15, 17, 28 and 29)............................................................. 902,887 Reserve for employees’ bonuses ......................................................................... 18,070 Reserve for employees’ retirement benefits (Note 30) .......................................... — Net defined benefit liability (Note 30) .................................................................... 26,978 Other reserves (Note 18) ...................................................................................... 42,418 Deferred tax liabilities (Note 26) ............................................................................ 290 Deferred tax liabilities for land revaluation (Note 20).............................................. 23,696 Acceptances and guarantees (Notes 19 and 28) ................................................. 490,552

¥35,384,871 1,301,400 250,602 38,992 — 346,073 671,869 1,463 716,429 448,793 1,126,413 18,182 12,940 — 39,504 240 23,690 539,855

$347,351 18,947 8,306 378 484 2,969 10,511 11 6,767 5,187 8,773 175 — 262 412 2 230 4,766

Total Liabilities ...........................................................................................

42,763,022

40,921,325

415,538

Net Assets (Notes 21, 32 and 35): Capital stock ....................................................................................................... Capital surplus .................................................................................................... Retained earnings................................................................................................ Treasury stock .....................................................................................................

50,472 409,293 1,169,785 (85,855)

340,472 237,082 1,315,470 (89,596)

490 3,977 11,367 (834)

Total stockholders’ equity ............................................................................. Net unrealized gains on available-for-sale securities (Note 5) ................................ Net deferred gains on hedges.............................................................................. Revaluation reserve for land (Note 20).................................................................. Foreign currency translation adjustments ............................................................. Remeasurements of defined benefit plans (Note 30) ............................................

1,543,696 244,166 28,110 41,254 (4,081) (35,965)

1,803,428 186,573 36,319 41,260 (4,350) —

15,000 2,372 273 400 (39) (349) 2,657

Total accumulated other comprehensive income ..........................................

273,484

259,803

Minority interests in consolidated subsidiaries ......................................................

139,231

126,072

1,352

Total Net Assets.........................................................................................

1,956,412

2,189,304

19,010

Total Liabilities and Net Assets ....................................................................... ¥44,719,434

¥43,110,629

$434,548

See accompanying notes to the consolidated financial statements.


309

Consolidated statement of inCome Resona Holdings, Inc. and consolidated subsidiaries For the fiscal year ended March 31, 2014

2013

2014

¥491,990 21,639 181,932 3,542 53,466 80,743

$4,594 230 1,838 13 331 1,056

Total Income ........................................................................................................... Expenses: Interest expenses (Note 22) ........................................................................................... Fees and commissions .................................................................................................. Trading expenses .......................................................................................................... Other operating expenses (Note 24) .............................................................................. General and administrative expenses............................................................................. Other expenses (Note 25) ..............................................................................................

829,894

833,315

8,064

42,820 54,165 2,254 13,450 348,498 56,619

48,920 52,944 1,357 12,185 361,645 71,912

416 526 21 130 3,386 550

Total Expenses .......................................................................................................

517,809

548,966

5,031

Net income before income taxes and minority interests........................................ Income Taxes (Note 26): Current .......................................................................................................................... Deferred ........................................................................................................................

312,085

284,348

3,032

32,855 51,736

47,627 (43,732)

319 502

Total income taxes..................................................................................................

84,591

3,895

821

Net income before minority interests .......................................................................

227,494

280,453

2,210

Minority interests in net income ...............................................................................

6,851

5,312

66

Net income .................................................................................................................. ¥220,642

¥275,141

$2,144 U.S. dollars (Note 1)

Yen

Per common share information: Net income per share (Basic) (Note 32) ............................................................................ Net income per share (Diluted) (Note 32).......................................................................... Cash dividends per share applicable to the fiscal year (Notes 21 and 35).........................

¥89.71 64.97 15.00

¥105.71 72.52 12.00

$0.87 0.63 0.14


Consolidated statement of ComPRehensiVe inCome Resona Holdings, Inc. and consolidated subsidiaries For the fiscal year ended March 31, 2014



2013

2014

Net income before minority interests ....................................................................... Other comprehensive income (Note 31): Net unrealized gains on available-for-sale securities ................................................... Net deferred gains (losses) on hedges........................................................................ Revaluation reserve for land ....................................................................................... Foreign currency translation adjustments ................................................................... Share of other comprehensive income of affiliates accounted for using the equity method......................................................................................

¥227,494

¥280,453

$2,210

57,582 (8,208) (6) 9,808

94,361 9,194 — 14,597

559 (79) (0) 95

4

(3)

0

Total other comprehensive income .........................................................................

59,180

118,149

575

Total comprehensive income (Note 31) .....................................................................

¥286,674

¥398,602

$2,785

Comprehensive income attributable to (Note 31): Owners of the parent ................................................................................................. Minority interests ........................................................................................................

¥270,289 16,385

¥378,945 19,657

$2,626 159



74 Financial Section

2014

Income: Interest income (Note 22)............................................................................................... ¥472,832 Trust fees....................................................................................................................... 23,748 Fees and commissions .................................................................................................. 189,209 Trading income (Note 23) ............................................................................................... 1,338 Other operating income (Note 24) .................................................................................. 34,085 Other income (Note 25) ................................................................................................. 108,679



Millions of yen

310

Consolidated statement of Changes in net assets Resona Holdings, Inc. and consolidated subsidiaries For the fiscal year ended March 31, 2014


75

Stockholders’ equity

Capital stock

Financial Section

Balance at April 1, 2012 ............................................... ¥340,472 Changes during the fiscal year Dividends paid ............................................................. Net income .................................................................. Purchase of treasury stock ........................................... Disposal of treasury stock ............................................ Reversal of revaluation reserve for land ........................ Transfer from retained earnings to capital surplus ......... Net changes except for stockholers’ equity during the fiscal year .................................................. Total changes during the fiscal year .................................

Capital surplus

¥237,082

Retained earnings

¥1,086,691

Treasury stock

¥ (86,849)

¥1,577,397

(3,449) 701

(46,404) 275,141 (3,449) 701 42 —

(46,404) 275,141 (0) 0

Total stockholders’ equity

42 (0)

—

—

228,778

(2,747)

226,031

Balance at April 1, 2013 ............................................... 340,472 Changes during the fiscal year ......................................... Dividends paid ............................................................. Net income .................................................................. Purchase of treasury stock ........................................... Disposal of treasury stock ............................................ Cancellation of treasury stock ...................................... Transfer from retained earnings to capital stock............ 320,000 Transfer from capital stock to capital surplus ................ (610,000) Net changes except for stockholers’ equity during the fiscal year ..................................................

237,082

1,315,470

(89,596)

1,803,428

(434,532) 485 437,788

(46,327) 220,642 (434,532) 484 — — —

(46,327) 220,642 (0) (437,788) (320,000) 610,000

Total changes during the fiscal year ................................. (290,000)

172,210

(145,684)

3,741

(259,732)

Balance at March 31, 2014 .......................................... ¥ 50,472

¥409,293

¥1,169,785

¥ (85,855)

¥1,543,696

Stockholders’ equity

Capital stock

Balance at April 1, 2013 ............................................... Changes during the fiscal year ......................................... Dividends paid ............................................................. Net income .................................................................. Purchase of treasury stock ........................................... Disposal of treasury stock ............................................ Cancellation of treasury stock ...................................... Transfer from retained earnings to capital stock............ Transfer from capital stock to capital surplus ................ Net changes except for stockholers’ equity during the fiscal year ..................................................

$3,308

Capital surplus

$2,303

Retained earnings

$12,782

Treasury stock

$ (870)

$17,524

(4,222) 4 4,254

(450) 2,144 (4,222) 4 — — —

(450) 2,144 (0) (4,254) 3,109 (5,927)

Total stockholders’ equity

(3,109) 5,927

Total changes during the fiscal year .................................

(2,817)

1,673

(1,415)

36

(2,523)

Balance at March 31, 2014 ..........................................

$ 490

$3,977

$11,367

$ (834)

$15,000



311

(Continued)

Accumulated other comprehensive income Net unrealized gains on available-forsale securities

Net deferred gains on hedges

Revaluation reserve for land

Foreign currency translation adjustments

¥ 92,243

¥27,124

¥41,303

¥(4,629)

Remeasurements of defined benefit plans

¥

—

Total accumulated other comprehensive income

Minority interests in consolidated subsidiaries

Total net assets

¥156,042

¥109,890

¥1,843,329

94,330

9,194

(42)

279

—

103,761

16,181

119,943

94,330

9,194

(42)

279

—

103,761

16,181

345,974

186,573

36,319

41,260

(4,350)

—

259,803

126,072

2,189,304 (46,327) 220,642 (434,532) 484 — — —

57,592

(8,208)

(6)

268

(35,965)

13,681

13,159

26,840

57,592

(8,208)

(6)

268

(35,965)

13,681

13,159

(232,892)

¥244,166

¥28,110

¥41,254

¥(4,081)

¥(35,965)

¥273,484

¥139,231

¥1,956,412

Total accumulated other comprehensive income

Minority interests in consolidated subsidiaries

Total net assets

$2,524

$1,225

$21,273

Millions of U.S. dollars (Note 1) Accumulated other comprehensive income Net unrealized gains on available-forsale securities

Net deferred gains on hedges

Revaluation reserve for land

Foreign currency translation adjustments

$1,812

$352

$400

$(42)

Remeasurements of defined benefit plans

$

—

(450) 2,144 (4,222) 4 — — — 559

(79)

(0)

2

(349)

132

127

260

559

(79)

(0)

2

(349)

132

127

(2,263)

$2,372

$273

$400

$(39)

$(349)

$2,657

$1,352

$19,010



(46,404) 275,141 (3,449) 701 42 —


Millions of yen

312

CAPITAL

The capital structure of Resona Holdings, Inc., is as shown below. Please note that the capital ratio is calculated based on the “Notification on Consolidated Capital Adequacy,” and is computed on a consolidated basis. The amounts of credit risk assets are calculated by the Foundation Internal Rating-Based (hereinafter, F-IRB) Approach for March 31, 2013, and by the Advanced Internal Ratings-Based (hereinafter, A-IRB) approach for March 31, 2014.

Capital Structure Information (Japanese Domestic Standard)


As of March 31, 2014

Amounts excluded under transitional arrangements

1,030,751 25,766 1,169,787 85,855 78,946 — (4,081) (4,081) — — 1,694 81,777 6,813 74,963 238,000 698,210

/ / / / / / / / / / / / / / / /

196,000 29,227 14,210 2,285,790

/ / / /

— — — — — 7,241 — — —

30,507 — 30,507 4,304 — — — 15,809 57

—

—

— — — — — — — — — 7,241

— 121,349 — — 121,349 — — — — /

2,278,549

/

13,268,824 98,530 30,507 125,654 15,809 (138,544) 65,103 178,409 1,080,820 1,368,747 — 15,896,800

/ / / / / / / / / / / /

14.33

/

164 Status of Capital Adequacy/Basel Data Section

Items Core Capital: instruments and reserves Directly issued qualifying common stock or preferred stock mandatorily convertible into common stock capital plus related capital surplus and retained earnings of which: capital and capital surplus of which: retained earnings of which: treasury stock (–) of which: planned distribution of income (–) of which: other than the above Accumulated other comprehensive income included in Core Capital of which: foreign currency translation adjustments of which: defined-benefit pension fund net assets (prepaid pension costs) Subscription rights to acquire common stock or preferred stock mandatorily convertible into common stock Adjusted minority interests, etc. (amount allowed to be included in Core Capital) Reserves included in Core Capital: instruments and reserves of which: general reserve for possible loan losses of which: eligible provisions Eligible Non-cumulative perpetual preferred stock subject to transitional arrangement included in Core Capital: instruments and reserves Eligible capital instrument subject to transitional arrangement included in Core Capital: instruments and reserves Capital instrument issued through the measures for strengthening capital by public institutions included in Core Capital: instruments and reserves 45% of revaluation reserve for land included in Core Capital: instruments and reserves Minority interests included in Core Capital subject to transitional arrangements Core Capital: instruments and reserves (A) Core Capital: regulatory adjustments Total intangible fixed assets (net of related tax liability, excluding those relating to mortgage servicing rights) of which: goodwill (including those equivalent) of which: other intangible fixed assets other than goodwill and mortgage servicing rights Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) Shortfall of eligible provisions to expected losses Capital increase due to securitization transactions Gains and losses due to changes in own credit risk on fair valued liabilities Defined-benefit pension fund net assets (prepaid pension costs) Investments in own shares (excluding those reported in the Net Assets) Reciprocal cross-holdings in capital instruments issued by Other Financial Institutions for raising capital that are held by the Holding Company Group Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (‘Other Financial Institutions’), net of eligible short positions, where the bank does not own more than 10% of the issued share capital (‘Non-significant Investment’) (amount above the 10% threshold) Amount exceeding the 10% threshold on specified items of which: significant investments in the common stock of Other Financial Institutions, net of eligible short positions of which: mortgage servicing rights of which: deferred tax assets arising from temporary differences (net of related tax liability) Amount exceeding the 15% threshold on specified items of which: significant investments in the common stock of Other Financial Institutions, net of eligible short positions of which: mortgage servicing rights of which: deferred tax assets arising from temporary differences (net of related tax liability) Core Capital: regulatory adjustments (B) Total capital Total capital ((A)-(B)) (C) Risk weighted assets Credit risk weighted assets Total of items included in risk weighted assets subject to transitional arrangements of which: intangible fixed assets other than goodwill and mortgage servicing rights (net of related tax liability) of which: deferred tax assets (net of related tax liability) of which: defined-benefit pension fund net assets (prepaid pension costs) of which: Other Financial Institutions Exposures of which: other than the above Amount equivalent to market risk x 12.5 Amount equivalent to operational risk x 12.5 Credit risk weighted assets adjustments Amount equivalent to operational risk adjustments Total amount of risk weighted assets (D) Capital adequacy ratio (consolidated) Capital adequacy ratio (consolidated) ((C)/(D))

(Millions of yen, %)


Structure of Capital and Assessment of Capital Adequacy

313


Note: Pursuant to Industry Committee Report Practical Guidelines No. 30 of the Japanese Institute of Certified Public Accountants, we have made an engagement with ERNST & YOUNG SHINNIHON LLC to have them conduct Agreed-Upon Procedures in the areas of calculating the consolidated capital adequacy ratio as of March 31, 2014. This external audit is not conducted as a part of an audit performed under certain laws, such as the Companies Act. Under certain procedures agreed between the certified public accountant and Resona Holdings, Inc., the certified public accountant reviews and evaluates our effectiveness of internal control to calculating the capital adequacy ratio and does not provide any opinion to the capital adequacy ratio itself.

(Millions of yen) As of March 31,

Tier 1 capital


Tier 2 capital

Deductions Total qualifying capital Risk-weighted assets

2013

Capital stock Non-cumulative perpetual preferred stock (Note 1) Advance payment for new shares Capital surplus Retained earnings Less: Treasury stock Advance payment for treasury stock Less: Planned distribution of income Less: Unrealized loss on available-for-sale securities Foreign currency translation adjustments Rights to acquire new shares Minority interests in consolidated subsidiaries Preferred securities issued by overseas SPCs Less: Goodwill Less: Intangible fixed assets recognized as a result of a merger Less: Capital increase due to securitization transactions Less: 50% of excess of expected losses relative to eligible reserves Total of Tier 1 capital before deduction of deferred tax assets Less: Deduction of deferred tax assets (Note 2) Subtotal Preferred securities with a step-up interest rate provision (Note 3) 45% of revaluation reserve for land General reserve for possible loan losses Excess of eligible reserves relative to expected losses Hybrid debt capital instruments Perpetual subordinated debt (Note 4) Subordinated debt with maturity dates and preferred stocks with maturity dates (Note 5) Subtotal Tier 2 capital included as qualifying capital Deductions for total risk-based capital (Note 6) (A)+(C)–(D)

On-balance-sheet items Off-balance-sheet items Credit risk assets Operational risk equivalent assets (J)/8% (For reference: Amount equivalent to operational risk) Credit risk asset adjustments Amount equivalent to operational risk adjustments Total (F)+(G)+( I )+(J) Capital adequacy ratio (Japanese domestic standard) (E)/(K) x 100 (%) Consolidated Tier 1 capital ratio (A)/(K) x 100 (%) Percentage of preferred securities with conditions for interest rate step-ups in consolidated Tier 1 capital = (B)/(A) x 100 (%) Total consolidated capital required (Note 7)

(A) (B)

340,472 — — 237,082 1,315,472 89,596 — 46,327 — (4,350) — 125,999 108,169 — — 8,201 — 1,870,551 — 1,870,551 108,169 29,227 8,239 46,969 604,154 132,753

(C) (D)

471,401 688,591 688,591 4,972

(E)

2,554,170

(F) (G) (H) (I) (J) (K)

15,192,590 1,117,331 16,309,921 1,095,113 87,609 — — 17,405,034 14.67 10.74 5.78 1,392,402

Notes: 1. Since the holding company’s capital stock cannot be classified by types of shares issued, the amount of non-cumulative perpetual preferred stock is not shown. 2. The amount of net deferred tax assets at March 31, 2013, was ¥176,223 million, and the limit allowed to incorporate deferred tax assets into regulatory capital was ¥374,110 million. 3. These are stocks and other securities with conditions for interest rate step-ups, for which there is a possibility of call and amortization (including preferred securities issued through overseas special-purpose companies (SPCs)), as stipulated in Article 17, Paragraph 2 of the Notification on Consolidated Capital Adequacy. (“Notification on Consolidated Capital Adequacy” mentioned in notes 3, 4, 5, and 6 refer to the notification before the amendment on March 2013 (Basel 2).) 4. Instruments for raising capital that have the characteristics of liabilities, as stipulated in Article 18, Paragraph 1, Item 3 of the Notification on Consolidated Capital Adequacy, having all of the following characteristics: (1) Uncollateralized, subordinated to other liabilities and already paid in, (2) Except under specified conditions, these securities cannot be called or amortized, (3) Proceeds from these securities may be used to cover losses as the Holding Company Group continues its operations, and (4) Interest payments on these securities may be postponed. 5. These securities are specified in Article 18, Paragraph 1, Item 4 and Article 18, Paragraph 1, Item 5 of the Notification on Consolidated Capital Adequacy. However, this subordinated debt with maturity dates are limited to those with maturity dates of over five years at the time of their respective contracts.


314

Outline of Preferred Securities The Holding Company’s consolidated subsidiary Resona Bank, Ltd. (hereinafter, the Company), has issued the preferred securities outlined below through its overseas special-purpose company. The securities are included in calculation of the Holding Company’s consolidated capital adequacy ratio (Japanese domestic standard) as eligible Tier 1 capital.

Amount of Issue Date for Payment of the Issue Price Dividend Rate

Resona Preferred Global Securities (Cayman) Limited Non-cumulative perpetual preferred securities (hereinafter, preferred securities) None (perpetual) The preferred securities may be redeemed at the option of the issuer on any dividend payment date in or after July 2015, subject to the prior approval of the Financial Services Agency. US$1.15 billion July 25, 2005

Dividends on the preferred securities will be payable at a fixed rate through the dividend payment date in July 2015. After this date, the dividend rate will become variable and a step-up coupon will be added. Dividend Payment Date July 30 of each year, provided that if this date in any year falls on a day that is not a business day, payment will be made on the next business day. From July 2016, in the event that a dividend payment date falls on a date that is not a business day, and the next business day falls in the following month, the dividend payment date shall be the last business day before July 30. Mandatory Dividend Payment Provided that the conditions detailed below for mandatory suspension (limitation) or optional suspension (limitation) of dividends are not met for any fiscal year, the full amount of dividends on the preferred securities described here must be paid on the dividend payment date following the conclusion of such fiscal year. Mandatory Suspension Dividend payments will be suspended upon the occurrence of a liquidation event, reorganization event, insolvency (Limitation) of Dividend event, or government action (See Note 1 below.). In the event that a Preferred Stock Dividend Limitation or Distributable Profits Limitation is applied, dividends will be suspended or subject to limitation in accordance with such an application. Unpaid dividends shall not accrue to subsequent periods. Preferred Stock Dividend If the dividends paid on the Company’s preferred stock (See Note 2 below.) are reduced, dividends on the preLimitation ferred securities will be reduced by the same percentage. Distributable Profits Limitation If there are insufficient Available Distributable Profits (See Note 3 below.) (i.e. in the case where the Available Distributable Profits are less than the total amount of dividends to be paid), dividends on the preferred securities will be limited to the amount of Available Distributable Profits. Optional Suspension The Company may, at its option, suspend or limit the dividends upon the occurrence of any of the following events. (Limitation) of Dividend However, in the event that dividends are to be paid on other preferred securities, dividends shall also be paid at the same ratio on the preferred securities described here, regardless of the order of their respective dividend payment dates. Unpaid dividends shall not accrue to subsequent periods. 1. When a “regulatory event” (See Note 4 below.) occurs. 2. In the event that the Company has not paid dividends on the Company’s common stock for the most recently concluded fiscal year. Liquidation Preference The preferred securities rank effectively pari passu with the Company’s preferred shares as to liquidation preference. Notes: 1. Liquidation event, reorganization event, insolvency event, or government action (Liquidation event) Commencement of a liquidation proceeding, adjudication to commence a bankruptcy proceeding, approval to prepare a reorganization plan for liquidation and submission of a rehabilitation plan for liquidation (Reorganization event) Adjudication to commence a corporate reorganization proceeding under the Corporate Reorganization Law, adjudication to commence a civil rehabilitation proceeding under the Civil Rehabilitation Law (Insolvency event) (1) In the event of inability to pay debts, or in the event of inability to pay debts upon the payment of aforementioned dividends or the concern of such occurring (2) In the event of liabilities exceeding assets, or in the event of liabilities exceeding assets upon the payment of aforementioned dividends (Government action) In the event that the responsible regulatory agency issues a proclamation that the Company is insolvent or is in the condition of having liabilities in excess of assets; to place the Company under state management; or to transfer the Company to a third party 2. The Company’s preferred stock: The Company’s preferred stock which has been issued directly by the Company and has the highest priority for the payment of dividends among preferred stock 3. Available Distributable Profits: Available Distributable Profits are defined as the amount of Distributable Profits for the fiscal year immediately prior to the current year less the sum of the amount of dividends paid or to be paid on the Company’s preferred stock for such immediately prior year. (However, the interim dividend to be paid on the Company’s preferred stock in the current year is not considered in the computation of Available Distributable Profits.) However, when there are securities issued by subsidiaries of the Company, rights to dividends, voting rights, and rights exercisable in the event of liquidation of which are determined by reference to the Company’s financial position and operating performance and which have the same ranking for their issuer as these preferred securities do to their issuer, adjustments are made to Available Distributable Profits. 4. Regulatory event: A regulatory event occurs when the Company’s capital adequacy ratio or Tier 1 ratio falls below the minimum level as prescribed by banking regulations, or when such ratios fall below required minimum levels upon the payment of aforementioned dividends.



Issuer Type of Securities Maturity Optional Redemption


6. Deductions are specified in Article 20, Paragraph 1, Item 1 through Article 20, Paragraph 1, Item 6 of the Notification on Consolidated Capital Adequacy. These figures include the amounts of securities of other financial instruments for raising capital issued by other financial institutions that are held deliberately by the Holding Company Group and the amount of investments as stipulated in Article 20, Paragraph 1, Item 2 of the said Notification. 7. Since the Holding Company adopts the domestic Basel 2 F-IRB Approach for calculating credit risk assets, it uses 8% to calculate total required capital on a consolidated basis. 8. Figures for March 31, 2013 have been calculated pursuant to Financial Services Agency 2012 Notification 56.

315


167

Capital Requirements for Credit Risk

(Millions of yen)

As of March 31

Status of Capital Adequacy/Basel Data Section

Capital requirements for credit risk (excluding equity exposures in the Internal Ratings-based (IRB) Approach, exposures relating to investment funds) Standardized Approach (Note 1) IRB Approach (Note 2) Corporate exposures (Note 3) Sovereign exposures Bank exposures Residential mortgage exposures Qualified revolving retail exposures Other retail exposures Other IRB exposures (Note 4) Securitization exposures Capital requirements for credit risk of equity exposures in the IRB Approach Market-Based Approach (Simple Risk Weight Method) Market-Based Approach (Internal Models Approach) (Note 5) PD/LGD Approach Exposures subject to transitional grandfathering provisions (Article 13 of the Supplementary Provisions of Notification on Consolidated Capital Adequacy) Exposure related to the fund-raising methods of other financial institutions other than equity exposure Exposure related to portions of specified items that cannot be included in regulatory adjustment Other Capital requirements for exposures relating to investment funds Capital requirements for CVA risk Capital requirements for exposure to the Central Counterparty Total

2014

2013

1,377,022 43,604 1,326,350 839,472 6,308 25,464 275,598 11,889 89,064 78,552 7,067 57,578 19,464 — 5,593

1,749,260 52,267 1,686,810 1,208,541 11,343 27,541 275,189 13,359 89,122 61,713 10,182 53,375 18,383 — 5,759

28,693

29,232

3,816 10 0 13,611 8,977 1,523 1,458,712

/ / / 7,564 / / 1,810,201

Notes: 1. Capital requirement for portfolios under the Standardized Approach is calculated as “credit risk-weighted asset amount x 8%. 2. Capital requirement for portfolios under the IRB Approach is calculated as “credit risk-weighted asset amount (multiplied by the scaling factor of 1.06) x 8% + expected losses + core capital: regulatory adjustment. 3. Corporate exposures include Specialised Lending and exposures to SMEs. 4. Other IRB exposures include purchased receivables assets and other assets. 5. The Holding Company Group does not adopt the Internal Models Approach.

Capital Requirements for Market Risk

(Millions of yen)

As of March 31

Standardized approach Interest rate risk Equity risk Foreign exchange risk Commodity risk Option transactions

2014

2013

14,272 4,270 — 892 — 9,110

/ / / / / /

Notes: 1. Capital requirement for operational risk is calculated in accordance with the following formula; Amount equivalent to operational risk x 12.5 x 8% 2. The Company does not apply the market risk internal models approach. 3. As of March 31, 2013, the Company made use of the special provision for non-entry, and the amount of market risk has not been included. As a result, there is no capital requirement.

Capital Requirements for Operational Risk

(Millions of yen)

As of March 31

The Standardized Approach

2014

2013

86,465

87,609

Notes: 1. Capital requirement for operational risk is calculated in accordance with the following formula; Amount equivalent to operational risk x 12.5 x 8% 2. Capital requirement for operational risk is calculated using the Standardized Approach. The Holding Company Group does not adopt the Basic Indicator Approach nor Advanced Measurement Approach.

Total Consolidated Capital Requirement

(Millions of yen)

As of March 31

Total consolidated capital requirement

2014

2013

1,271,744

1,392,402

Notes: 1. The capital adequacy ratio is calculated by multiplying the denominator by 8%. 2. Although the Company is subject to the domestic criteria in calculating its capital adequacy ratio, since it adopts the Internal Ratings-Based Approach, it multiplies by 8%.


316

RISK MANA G EM ENT S Y S T E M S

RISK MANAGEMENT SYSTEMS

Based on the Group Risk Management Policy, each

Basic Approach to Risk Management

Group bank has established its own risk management policy

We deeply regret the serious concern and inconvenience

that is tailored to its operations, unique characteristics, and

that the injection of public funds in June 2003 caused the

the risks it must address. The risk management policies of

people of Japan, our customers, and other stakeholders.

Resona Holdings and the Group banks create a basic

Consequently, we have established the risk management

framework for managing risk by defining the types of risk

principles below to enhance our risk management systems

that must be managed and establishing organizations or

and methods as well as risk control. The Resona Group

systems that manage risk.

conducts its risk management activities with an eye to

Resona Holdings and the Group banks have established

securing the soundness of operations and enhancing profit-

risk management departments for managing different types

ability.

of risk, along with a Risk Management Division, to integrate

1. We will not assume levels of risk in excess of our

the management and control of all types of risk. Principal risk categories are outlined below, and each risk is managed

economic capital. 2. We will deal promptly with losses that we have

using a method that is tailored to its characteristics. Principal Group companies, other than the banks, have

incurred or expect to incur. 3. We will take risks appropriate for our earnings power.

also established risk management policies that are tailored to their own operations, special characteristics, and risks. In

Risk Management Policies and Systems

addition to establishing risk management systems and

Resona Holdings has established the Group Risk

frameworks, these policies establish guidelines for avoiding

Management Policy that serves as the Group’s basic risk

risks outside their fundamental business areas. These Group

management policy.

companies have also established risk management departments for managing different categories of risk and risk management divisions for comprehensive risk management.

Risk Management Methods Risk Category

Definition

Comprehensive risk management (setting risk limits, assessing risk, allocation of risk capital, etc.)

Credit risk

Risk of losses that arises when the value of assets (including off balance sheet assets) declines or is destroyed as a result of the deterioration of the financial position of obligors

Setting risk limits, credit rating system, portfolio management, credit analysis and management, etc.

Market risk

Risk of losses that may occur when the price of assets and liabilities (including off balance sheet assets and liabilities) change because of fluctuations in market risk factors, including interest rates, foreign currency exchange rates, and stock prices

Setting risk limits, setting loss limits, setting position limits, etc.

Liquidity risk

Risk of losses that may occur when a party has difficulty in raising the necessary funds or is forced to raise such funds at higher than normal rates

Recognition of liquidity emergencies, response system for emergencies, guidelines for liquidity risk management indicators, etc.

Operational risk

Risk of losses that may occur when internal processes, personnel, and/or systems function improperly or fail to function and when external factors result in such losses

Control self-assessments (CSAs), analysis of loss data, etc.

Processing risk

Risk of losses that may occur when management and/or staff fail to perform processing work accurately and when they cause accidents or commit fraud

Improvements in business processes, training and education, guidance for clerical operations, etc.

Systems risk

Risk of losses that may occur when computer systems are down or perform improperly and when fraud occurs

Control through systems risk management standards, preparation of contingency plans, etc.

Legal and compliance risks

Risk of losses that may occur when legal regulations and contracts are violated and when fraudulent contracts are concluded

Compliance checks, improvements through compliance programs, etc.

Trust asset management risk

Risk of losses that may occur when a trustee fails to fulfill his/her fiduciary responsibilities and does not exercise the due care expected of a prudent manager and, as a result, the trust assets are lost or otherwise impaired and compensation must be provided to the owners of the assets

Improvement in business processes, training and education, guidance for clerical operations, etc.

Other operational risk

Risk of losses that may occur when tangible assets are damaged or destroyed as a result of natural disasters, fires, or other contingencies and the risk of losses resulting from external criminal activities that cause losses to clients and must be compensated

Improvements in facilities to minimize risks of natural disasters and financial crime by outsiders, strengthening procedures, etc.

Risk of losses that may occur when reports in the media, rumors, false information, and unfounded reports have a detrimental effect on a company’s reputation

Dissemination of timely and appropriate information, monitoring of media, etc., preparation of crisis management systems.

Reputational risk


317

Group Management by Resona Holdings Resona Holdings provides common guidance and direction

companies through prior consultation, thus controlling the

to all Group companies regarding risk management policies,

Group risk management framework. Furthermore, Resona Holdings controls risk taking by

standards, and systems. The Group management framework requires that Group

Group companies by requiring prior discussion of their limits

companies confer with Resona Holdings in advance of mak-

and guidelines. Group companies must make reports to

ing decisions on important matters related to risk manage-

Resona Holdings regarding the risk conditions and their man-

ment and base their decisions on those consultations.

agement on a regular and as-needed basis so that the holding company can provide guidance and direction as necessary.

In addition to providing direction to Group companies regarding risk management policies as well as rules, stan-

As shown by the chart below, we have formed risk man-

dards, and systems, Resona Holdings verifies risk manage-

agement divisions within Resona Holdings for managing

ment policies, rules, standards, and systems at all Group

each type of risk on a Groupwide basis.

[Group Risk Management Systems in Outline]

Resona Holdings

Board of Directors Representative Executive Officers Executive Committee

Committees and councils

Group Risk Management Committee Group Compliance Committee Housing Loan Management Committee Group Liquidity Risk Management Committee

Comprehensive risk management Management of each type of risk

Risk Management Division Credit Risk Management Division

Risk Management Division

Risk Management/ Business Process Reengineering/ Compliance Divisions

IT Planning Division

Compliance Division


Corporate Communications Division

1) Prior consultation system (Holding company — Group companies), 2) Reporting system (Group companies — Holding company), 3) Guidance/advice (Holding company — Group companies) Group banks and other Group companies

Risk category

Credit risk

Market risk

Liquidity risk

Processing risk

Systems risk

Legal and Trust asset compliance risks management risk

Other operational risk

Operational risk

Reputational risk

Resona Holdings Group Management Framework

1) Prior discussion system

Group companies must engage in prior discussion with Resona Holdings in the situations listed below. • When establishing or revising important risk management policies or rules • When establishing all types of risk-related limits and guidelines • When making decisions about other important risk management matters

2) Reporting system

• All Group companies must make periodic reports to Resona Holdings regarding the status of risks and risk management. • Reports are made as needed, for example, when critical risk management issues arise.

3) Guidance and advice

• Resona Holdings presents such Groupwide risk management items as policies, standards, and systems to all Group companies. • Resona Holdings provides individual guidance and advice as necessary, based on reports from Group companies.

COMPREHENSIVE RISK MANAGEMENT

Comprehensive Risk Management Systems

Basic Approach to Comprehensive Risk Management

Comprehensive risk management divisions have been

Comprehensive risk management measures and controls dif-

formed within Resona Holdings and the Group banks, and

ferent kinds of risk from an overall perspective, and its objec-

each of these divisions is responsible for comprehensive risk

tive is to maintain the sound management of the Resona

management of the Group and the banks, respectively.

Group as a whole. To secure such sound management, the fundamental approach is to manage operations so as to maintain major types of risk within the limits of high-quality capital.


318

Each Group bank measures the volume of credit risk,

various means, including the application of the VaR method,

market risk, and operational risk using the risk management

there are risks that cannot be quantified by statistical risk

indicator value at risk (VaR*) and establishes risk limits (make

management methods. Based on this fact, Resona Holdings

risk capital allocations) on these types of risk. Risk manage-

and Group banks strive to study and understand the incom-

ment is conducted to control risk within these established

pleteness and specific weak points of the VaR method,

limits.

thereby assessing and recognizing the impact of such limita-

When the Group banks set their risk limits, Resona

tions of their risk measurement. For risks that cannot be

Holdings holds prior consultation with each bank and verifies

identified or quantified by the VaR method, Resona Holdings

the details of the limits to be established to confirm the

and the Group banks conduct qualitative assessment

soundness of the Group as a whole. In addition, Resona

through various stress testing and the use of risk-assess-

Holdings receives periodic reports from the Group banks

ment mapping. In this way, the Group aims to enhance the

regarding the status of risk management and confirms the

quality of its comprehensive risk management.

status of comprehensive risk management of the Group.

* VaR, or value at risk, is a risk management indicator that is calculated using statistical methods to measure the maximum loss that may occur with a specified confidence interval (probability) and over a specified period.

In addition, although the Resona Group is constantly working to improve the quality of risk measurement through [Framework for Comprehensive Risk Management]

Primary risks (credit risk, market risk (including equity investments), and operational risk) are controlled with the scope of high-quality capital. Risk tolerance covers full amount of risks, including risk volume under stress conditions and the risks that are difficult to measure. The adequacy of capital is assessed on the basis of management of the capital adequacy ratio and comprehensive risk management.

Covering risk by risk tolerance comprised of high-quality capital secures greater soundness

Assumptions for measuring the VaR Confidence interval

99%

* A 99.9% level is used as an auxiliary risk amount under stress conditions. Operational risk

Holding period

Market risk Credit risk Risk Tolerance

Risk Capital

Risk Volume

Credit risk: 1 year Market risk: 10 days to six months, depending on the nature of assets Operational risk: 1 year

* Risk tolerance is the amount of capital (under domestic criteria) after making adjustments for internal management purposes.

CREDIT RISK MANAGEMENT

Credit Risk Management Frameworks and Systems

Basic Approach to Credit Risk Management

The Credit Risk Management Division is in charge of manag-

We define credit risk as “a risk that arises when the value of

ing credit risk at Resona Holdings. This division collects

assets (including off-balance sheet assets) declines or is

information relating to credit and other risks from all Resona

destroyed as a result of the deterioration of the financial

Group banks and controls credit risk management in the

position of obligors.”

Resona Group while coordinating relevant activities through

The Resona Group manages credit risk by maintaining

effective planning and strategy formulation. When the divi-

appropriate earnings in relation to credit costs by accumulat-

sion identifies credit risk management issues through its

ing sound and profitable assets through appropriate credit

operations, it collaborates with the Risk Management

analysis and management. At the same time, by promoting

Division in charge of comprehensive risk management within

the thorough distribution of risk through accurate credit port-

the entire Group, on an as-required basis, to make appropri-

folio management and controlling the amount of credit risk

ate responses, such as instructing relevant Resona Group

within appropriate limits, we aim to maintain the soundness

banks and divisions to solve the issues. In addition, the

of our operations.

Credit Risk Management Division, regularly or on an as-

Positioning credit risk management as one of the most-

required basis, monitors the status of Groupwide credit risk

important management issues, Resona Holdings has formu-

and Group banks’ management. The results of such moni-

lated the Group Risk Management Policy. Based on this

toring are reported to the management of Resona Holdings

policy, the Resona Group establishes and upgrades its credit

through the Executive Committee and other relevant

risk management systems and relevant procedures.


319

committees. Please note that for housing loans, which

claims are past due or the business performance of obligors

account for a high percentage of the loan portfolio, the

deteriorates, timely and appropriate reviews are conducted.

Groupwide Housing Loan Management Committee meets

Moreover, to accurately assess and measure the credit

periodically, with the objective of enhancing the sophistica-

risk of the Group’s credit portfolio, Group companies make

tion of credit risk management.

use of measures of exposure, the average credit loss

With the aim of complementing the aforementioned

amount, credit risk amounts, etc.

Groupwide structure and systems, Resona Group banks have in place effective credit risk management frameworks

Monitoring of Credit Risk

and systems consistent with the nature of their credit risk

Group banks monitor the credit risk standing of their cus-

management. Organizations responsible for credit risk man-

tomers by monitoring their fulfillment of contractual repay-

agement at Resona Group banks are credit committees and

ment schedules, their business performance, financial

credit risk management-related departments, which include

position, qualitative factors, and other indicators. Especially

divisions responsible for credit risk management, credit

for customers to which the Resona Group has major credit

analysis, and administration of problem loans.

exposure and may have a major impact on the Group’s

[Credit Risk Management System of the Resona Group Banks]

Reports Reports

To monitor the credit risk of the Group’s portfolio, related data is classified according to assigned credit rating, indus-

Branches and operating offices

try, region, and other criteria. Based on this classification,

Circulation of approval documents, applications for rating, etc.

Departments in charge of credit analysis

Document approvals, verification of status of credit operations, etc.

Auditing

Portfolio monitoring, management of position limits, etc.

Credit risk management departments

a continuing basis.

Credit risk analysis and management

Departments responsible for monitoring problem assets

Internal Audit Division

Portfolio management

management, monitoring is carried out more strictly and on

follow carefully and analyze changes in credit risk, concentrations of credit risk, and risk versus return conditions.

When screening applications for credit, Group banks examReports Audit Council Supervision

Supervision

loss amount, credit risk amounts, and other indicators and

Control and Mitigation of Credit Risk

Discussion of lending policies for major borrowers and reporting Credit Committee

Group banks calculate credit risk exposure, average credit

Board of Directors

ine and gain a firm grasp of the applicant’s financial position, uses of funds, resources for the repayment of obligations, and other related matters, and, then taking account of special risk characteristics or other issues, perform appropriate credit analyses. To deal with concentrations of exposure to specific cus-

Credit Policy

tomers or groups of customers, in view of possible repercus-

The Resona Group, reflecting upon its experience of receiv-

sions for the Resona Group’s management, Group banks

ing a capital infusion with public funds, has established a

set credit limits, or credit ceilings, and adopt other measures

unified Group Credit Policy, which lays out a standard set of

to manage such circumstances.

basic principles for credit management for the Group as a

When we determine that certain customers need to be

whole. The Credit Policy describes in detail the principles

given special attention because of deterioration in perfor-

and rules for credit operations with the objective of building a

mance or other circumstances, taking into account that pro-

sound portfolio of loans to SMEs and individuals that is well

viding business revitalization support is an important role of

diversified and yielding appropriate returns. Group Credit

financial institutions in society, Group banks make appropri-

Policy is frequently referred to in the daily operating proce-

ate provisions for potential credit losses and immediately

dures as well as on the occasions of internal training.

take steps to revitalize the customer’s business activities and recover credit to keep losses to an absolute minimum. In

Outline of Procedures for Credit Risk Management

addition, Group banks are taking active initiatives to reduce

Identification and Assessment of Credit Risk

credit risk by working to make improvements in the manage-

To accurately assess and measure credit risk, each Group

ment of customers’ business operations through providing

bank assigns a credit rating to each obligor in principle and

support in the form of management consultation, manage-

reviews this rating at least once a year. Also, in cases where

ment guidance, and management improvement activities.


320

Internal Credit Ratings Outline of Internal Credit Ratings Within the Resona Group, the following systems have been

Since credit ratings indicate the level of credit risk of obli-

established for internal credit ratings, and these are verified

gors, these play an important role together with the LGD rat-

one or more times a year by the credit risk management

ings shown below, as criteria for assessments of individual

departments. The results of verifications are reported to man-

credit applications and criteria for portfolio management. In

agement, and systems are reconsidered when necessary.

addition, the Group calculates credit costs for each obligor and reflects this in profit management with the goal of secur-

Credit Rating System

ing sufficient return appropriate to credit risk.

The Resona Group has established its “credit rating system”

Please note that internal credit ratings are used in judging

to give ratings to obligors. Assessments of the credit risk of

obligor categories and occupy an important position as

individual obligors are made based on financial and other

basic indicators in self-assessments as well as in determin-

information, and obligors are assigned one of 12 rankings

ing write-offs and reserves.

(obligor ratings). [Credit Rating Scale] Obligor Ratings

Obligor Category

SA

Definition

Outstanding

Very high probability of meeting obligations; operations are stable

A

Superior

High probability of meeting obligations; operations are stable

B

Good

Sufficient probability of meeting obligations but, if the economy and business environment deteriorate substantially, there is a possibility this will have an effect on the obligor

Above average

There are no problems regarding the probability of meeting obligations, but, if the economy and the business environment deteriorate substantially, there is a possibility that the probability of meeting future obligations will decrease.

D

Average

There are no problems regarding the probability of meeting obligations for the time being, but, if the economy and business environment deteriorate substantially, there is a possibility that the probability of meeting future obligations will decrease.

E

Below average

There are no problems regarding the probability of meeting obligations at present, but there are elements of uncertainty regarding business performance and financial position, and, as a result of changes or other developments related to economic trends and the business environment, there is concern that problems may arise related to meeting future obligations.

F

Watch I

Business performance is weak or uncertain, and there are problems related to financial position and other matters; therefore, monitoring and attention are necessary going forward.

Watch II

Business performance is weak or uncertain, and there are problems related to financial position and other matters; therefore, close monitoring and attention are necessary going forward.

Special attention

Business performance is weak or uncertain, there are problems related to financial position and other matters regarding the obligor, and there are problems regarding lending conditions and meeting obligations.

C

G

Normal

Watch

H I

Doubtful

At present, the obligor is not in bankruptcy but is experiencing management difficulties, the state of progress toward the implementation of management reform plans is not satisfactory, and, going forward, there is a strong possibility of bankruptcy.

J

Effectively Bankrupt

Although not, in fact, legally or formally, in bankruptcy, the obligor is effectively in bankruptcy, as it is recognized to be experiencing serious management difficulties, and there are no prospects for restructuring.

K

Bankrupt

The obligor is legally and formally in bankruptcy.

LGD (Loss Given Default) Rating System

LGD, and EAD) are based* 4 on the sum of the actual

The Resona Group adopts the facility rating system, and

amounts of Group bank exposure to corporate companies

assigns each exposure one of six rankings (LGD*2 ratings)

and each of the actual amounts of Group Bank retail expo-

according to the expected recovery rate based on the state

sure for each classified pool.

of risk mitigation.

Note that these parameters are used in the calculation of their capital adequacy ratios and also used for decision mak-

Managing Pools of Retail Exposure

ing concerning risk capital allocation and risk-adjusted asset

Retail exposures are classified into three categories: “resi-

management by major business lines.

dential mortgage exposures,” “qualifying revolving retail

Notes: *1. PD is the probability of default of an obligor in a certain credit rating category or the probability of default on a transaction that is part of a transactions pool over a one-year period. *2. LGD is the percentage of the expected loss on exposure at the time of default. *3. EAD is the assumed amount of exposure in the event of a default. *4. Regarding LGD and EAD, the estimates and conduct verifications are based on the total actual amount of Resona Bank and Saitama Resona Bank under the advanced internal ratings base approach.

exposures,” and “other retail exposures.” These are classified into a number of pools according to PD*1, LGD, and EAD*3 parameters, and risk is managed for each pool. Estimations of Parameters In accord with regulations for issuing Notifications of Capital Adequacy, estimates and verifications of parameters (PD,


321

Outline of Rating Procedures

coverage ratio (DSCR, the ratio of the annual interest and

Corporate Exposures

principal to be paid to net income). In addition, qualitative

For industrial corporations in general, business proprietor-

and other information, such as the viability of the underlying

ships, financial institutions, and others, the Group uses a rat-

business activities and information on the nonexempt prop-

ing model to assign credit scores based on the obligor’s

erty, is also taken into account in deciding on ratings.

financial information. The Group assigns credit ratings based also on qualitative factors, ratings by external agencies, the

Equity Exposures

credit condition of related parties, and, the most important,

The Group banks employ the PD/LGD method for calculat-

the most up-to-date information that can be collected. In the

ing risk-weighted assets for their equity investments for rela-

case of governments, regional governments and entities, and

tionship purposes (with the exception of those stocks for

other obligors for which scoring based on rating models is

which other methods of calculation have been specified) and

not appropriate, ratings are assigned based on financial

by the same method for corporate exposures.

strengths, taking account of the special features of these Funds, Etc. (Equivalent Exposure Basis)

entities.

The Resona Group makes investments in equity investment Specialised Lending

trusts, bond investment trusts, and various types of other

In the case of non-recourse loans for which the nonexempt

funds. In calculating risk-weighted assets for funds, the

property is public infrastructure, tangible assets (such as

Group conducts a look-through analysis (examination of the

ships and aircraft), and/or commercial real estate, such

individual assets underlying these funds) and, in principle,

loans are divided into four types—project finance, object

uses the total amount of underlying individual risk-weighted

finance, commercial real estate lending, and highly volatile

assets as these funds. When the PD/LGD method is used to

commercial real estate lending—and scoring models for

calculate the risk-weighted assets of the underlying assets

each of these four types are applied. For all of these four

through the conduct of a look-through analysis, the credit

types, indicators that are used as the basis for scoring

rating is determined using a similar approach as applied to

include the loan to value (LTV) ratio (ratio of the loan expo-

exposures to corporate exposures.

sure to the value of the assets) and the debt service [Portfolio Classification and Internal Credit Ratings] Asset Classification

Corporate

Internal Credit and LGD Ratings

Self-employed Individuals

Self-employed individuals with credit amount exceeding ¥100 million


Sovereign

Project finance, object finance, commercial real estate lending, and highly volatile commercial real estate lending

Financial Institution

Banks and securities companies (Japan, overseas) Loans for individuals to acquire residential real estate

Qualifying Revolving Loans Retail Exposures Other Retail Exposures

Internal Credit Ratings

Central governments, central banks, government affiliated institutions, local public organizations, certain public corporations, credit guarantee corporations, Internal Credit and LGD Ratings international institutions, and others (Japan, overseas)

Residential Mortgage

Equity Exposures

Applicable Systems and Rules

Business with credit amount exceeding ¥100 million

Specialised Lending

Corporate Exposures

Definition

Enterprises

Unsecured card loans for individuals with a credit ceiling of less than ¥10 million Retail exposures (excluding exposures to those who are self-employed) other than loans to acquire residential real estate and qualifying revolving loans Exposures other than the above having a credit amount less than ¥100 million Stocks held for relationship purposes

* Internal credit ratings are applied to those enterprises classified as “other retail exposures.”



Rules for Retail Pool Management*

Internal Credit Ratings

322

Portfolio Management Framework to Monitor and Eliminate Concentration

[Calculation of Credit Risk Volume]

Risks Credit portfolio management, which involves management of

Amount of credit exposure

the overall portfolio of loans and bills discounted, is one of

Information on coverage, recovery rate, etc.

the two pillars of credit risk management, with credit analysis

PD (by credit rating category)

and management being another pillar.

Default correlation

Overall status of the portfolio as measured by: Credit risk volume (UL) Average credit loss (EL)

Excessive concentrations of loans and bills discounted to certain obligors resulted in substantial credit losses, and, in light of the Group banks’ experience in receiving a capital

[General Image of the Distribution of Losses]

infusion with public funds, it has implemented a credit ceiling system that prevents excessive concentration of risk. Under on their respective financial strength to prevent the total credits they extend to a single obligor from exceeding the ceiling. Adherence by subsidiary banks to their respective ceilings is monitored on a regular basis.

Frequency of losses

this system, Group banks established an upper limit based

Given the distribution of the credit exposure amount by obligor and default correlation, the distribution of frequency and the amount of losses are as shown here. Maximum loss based on a specified confidence interval

By analyzing the composition of our credit portfolio by

Average credit loss Credit risk volume

such criteria as credit rating and industry classifications, we Amount of losses

regularly monitor changes in the amount of credit exposure and credit costs as well as the state of risks and returns.

Use of Portfolio Analysis Quantifying and Establishing Limits for Credit Risk

To promote the sophistication of risk management with such

The Resona Group calculates credit risk for its entire credit

initiatives as credit portfolio analysis, it is necessary to calcu-

portfolio using a model to quantify credit risk, and this is used

late the credit risk amount for individual obligors and indus-

for internal control purposes. Specifically, using the credit

tries. The Resona Group distributes the credit risk amount

amount, status of coverage, the ratio of recoveries, the PD by

measured for the entire credit portfolio to individual obligor

credit rating category, default correlations, and other data,

units, and, after compiling the risk by segment, uses these

the average credit loss (EL: expected loss) as well as the

data in portfolio analysis.

credit risk volume (UL: unexpected loss) are calculated, and limits are set on the volume of credit risk. The Resona Group controls quantified credit risk within this fixed limit.

Credit Analysis and Management Individual Credit Assessments

divisions responsible for credit analysis and management of

Credit analysis and management entail case-by-case credit

problem claims make decisions on the application. The

assessments, or the credit management of individual obli-

credit analysis divisions use an assessment system that

gors. In handling credit operations, to make highly accurate

takes account of the potential obligor’s size, industry, and

and reliable credit assessments based on policies, regula-

the level of credit risk.

tions, or rules, such as “Credit Policy,” Group bank branches engage in comprehensive evaluations of such quantitative

Obligor Management

information as financial statements and such qualitative

After credit has been granted, the Group banks monitor the

information as information about the business environment

use of loan proceeds and the fulfillment of lending conditions

and the quality of the management, along with assessments

as well as periodically assess business conditions and the

of how the loan will be used, the adequacy of repayment

status of company plans. Through the monitoring of the status of obligors’ credit

sources, lending conditions, and other matters. In cases where credit exposure and the level of credit risk

risk, the credit analysis divisions, on an as-required basis,

involved exceed certain established levels, the Head Office

formulate appropriate policies and specific measures. Based


323

on these policies and measures, the credit analysis divisions

loan management works to accurately monitor and manage

provide necessary guidance to branch offices while monitor-

their business status. After assessing their ability to recover

ing their operations to assure that the guidance provided is

their business in an appropriate manner, the problem loan

closely observed. In particular, the credit analysis divisions

management division makes a decision on business revital-

monitor large obligors more strictly and frequently, compared

ization or liquidation and claim collection. For obligors whose

with other obligors, due to the significant impact they could

business is deemed recoverable, the Group banks provide

have on its management and performance. In addition, the

as much support as possible for implementation of restruc-

credit analysis divisions conduct discussions with and make

turing plans. In addition, for those obligors behind in their

reports to the Credit Committees with regard to the status of

payments, the Group banks identify and analyze the reasons

credit risk management and relevant policies for such obli-

for this delay in payment, provide timely consultation and

gors.

advice, and take other initiatives to prevent prolongation of

The Resona Group banks, in principle, manage problem

such delays. Especially in the case of SMEs, in view of the

loans in accordance with the significance of their credit risk.

roles of financial institutions in society, the Group banks pro-

In more specific terms, such claims are separately managed

vide support through detailed management consultation and

depending on their internal ratings and obligor classification

guidance as well as offer support for preparing management

assigned to them. For obligors falling below a certain rating

improvement plans, thus taking aggressive initiatives in help-

and obligor classification, the division responsible for problem

ing them to revitalize their businesses.

Self-Assessments, Write-Offs, and Reserves • For exposure to doubtful obligors, Group banks subtract

Self-Assessments of Asset Quality Self-assessments of asset quality involve assessing the indi-

the amount deemed recoverable based on the value of

vidual assets that Group banks hold and classifying them

collateral upon disposal and the value of guarantees, and

according to the degree of risk in their recovery and impair-

then, based on the expected loss ratio calculated from

ment with a view to fully understanding the condition of the

actual defaults over a specified period in the past, the

banks’ assets and increasing their financial soundness.

Group banks estimate the amount of the expected loss

Self-assessments of asset quality are the means for credit risk management as well as a preparatory step for compiling

over the coming three years and add this expected loss to the specific reserve for possible loan losses.

objective and accurate financial statements which fully reflect

• For exposure to effectively bankrupt and bankrupt obli-

the write-offs and provisions of loan loss reserves necessitat-

gors, Group banks subtract the amount deemed recover-

ed by the results of such self-assessments.

able based on the value of collateral upon disposal and the value of guarantees and then either write off the unrecover-

Criteria for Write-Offs and Reserves

able amount or add such amount to the specific reserve

The Resona Group banks have established Criteria for Write-

for possible loan losses.

Offs and Reserves, and, based on the results of their selfassessments of asset quality, in principle, Group banks make write-offs of exposure and provisions to loan loss reserves.

Claims category

A B

set aside provisions to loan loss reserves based on

C

expected losses calculated using the historical loan loss

D

Normal

I (unclassified) Reserves are provided based on the expected credit loss rate*.

E F

Watch

expected losses over the coming one-year period is added

G

to the general reserve for possible loan losses.

H

Special Attention

I

Doubtful

III

J

Effectively Bankrupt

IV

K

Bankrupt

• For exposure to watch obligors, Group banks set aside provisions to loan loss reserves based on expected losses calculated using the historical loan loss rate for a specified period in the past. The amount of expected losses over the coming one-year period (or over the coming three-year period in the case of watch obligors requiring special

Write-offs/reserves

SA

• For exposure to obligors classified as normal, Group banks

rate for a specified period in the past. The amount of

Obligor category

Rating

II

The uncovered portion is provided for with reserves or write-offs*.

* For certain large obligors among Watch, Special Attention, and Doubtful borrowers, reserves are provided based on the discounted cash flow (DCF) method.

attention) is added to the general reserve for possible loan losses.


324

Securitization Transactions The Resona Group, as noted below in this section, makes

ratings, changes in market conditions, market liquidity condi-

investments in securitized credit risk assets and engages in

tions, and individual factors. Please note that securitized

a range of other securitization transactions, including securi-

products that are classified as re-securitized exposure are

tization* transactions of accounts receivable and notes

managed in the same way as securitization exposure.

receivable as a financing method of our customers. Please note that the method for calculating risk-weighted assets in

Securitization Exposures Originated

securitization exposure (including re-securitization exposure),

by the Holding Company Group

as regards accounting policy and quantitative information,

The Group banks, to control credit risk and interest rate risk

etc., is contained in the section “Status of Capital Adequacy/

of assets on the balance sheets, securitize housing loans

Basel Data Section.”

and non-performing loans. In those cases where the Group

* The Notification on Capital Adequacy issued by the Financial Services Agency defines securitization transactions as follows. “Transactions in which the underlying assets are classified into two or more categories by the level of credit risk (from preferred to subordinated) and then sold, in part or in their entirety, to third parties. However, specialised lending claims are excluded from such transactions.” In addition, re-securitization transactions are specified to be “those securitization transactions in which a portion or all of the underlying assets are securitization exposure.”

holds a portion of such securitized claims, these claims may be included among securitization exposure. When assets held by the Group banks are securitized, various relevant laws and regulations are confirmed and judgments are made regarding the effects of risk transfer, the appropriateness of transaction schemes, and other considerations. Securitization Exposure as Sponsor

Securitization Exposures Held by the Holding Company Group as an Investor The Group banks may hold for investment purposes investment products for which the underlying assets are housing loans and commercial real estate. These may include instruments that are classified as securitization exposure. To manage the risk of this exposure, criteria based on ratings issued by Eligible External Credit Assessment Institutions (ECAI) have been established for acquiring such securitized products and investment instruments. Position limits are established for the sake of controlling and diversifying risk. Also, securitized products in addition to general market risk (including interest rate risk, exchange risk, and price fluctuation risk) may also have risks that are particular to securitized products, including risk arising from changes in the credit standing of an issuer, the condition of underlying assets, and differences in syndication schemes. The risk management divisions gain an understanding of these “structural features” and monitor “the condition of the underlying assets” and “information that requires continued surveillance related to these structural features.” The risk management divisions also confirm that credit enhancements are sufficient and

of Securitization Programs The Group banks offer asset-backed commercial paper (ABCP) programs and asset-based lending (ABL) programs to enable its customers to raise funds through the securitization of their accounts receivable and notes receivable. Certain ABCP backup lines and ABL may be classified as securitization exposure. When such transactions are conducted, conditions regarding claims that can be securitized and originator criteria have been established. In addition, confirmations are made regarding the absence of related risks, including the risk that claims may be contested by third parties, risks of fraud—such as the non-existence of the actual claims—the risks of dilution of claims as a result of the return of goods, and the risk of claims being offset by counterclaims. Since the Group banks make arrangements for programs to liquefy assets to enable customers to raise funds, they have an appropriate understanding of the “structural features” that give rise to risks particular to securitized products. Also, the Group banks have systems in place to gain an understanding of the “condition of the underlying assets” at all times.

conduct stress tests taking into account changes in credit

[Example of ABCP Program Scheme] Bank Backup line

Notes and accounts receivable Obligator

Transfer of claims

Sales, etc., of goods

Issue of ABCP Special-purpose company (SPC)

Originator (customer) Payment for claims


Investors Payment

325

Credit Risk Mitigation Techniques Credit risk mitigation is possible by taking measures to pro-

managed by regular appraisal of their values. Additionally,

vide coverage for credit exposure, such as taking collateral,

guarantees of all types, agreements on bank transactions

guarantees, and other methods that supplement the obli-

that allow for a netting of unpledged deposits and loans obli-

gor’s credit standing and enhance the quality of credit expo-

gations, and cross-netting contracts for derivative transac-

sure.

tions and repurchase agreements are among the credit risk

Eligible collateral includes deposits held at Resona Group

mitigation techniques. The Resona Group considers profits

banks, Japanese government bonds and other bonds or

and cash flows generated by an obligor to be the primary

stocks of listed companies and other marketable securities,

source for repayments and makes efforts not to depend too

commercial bills, real estate, and other items. This pledged

much on collateral and guarantees for collecting and recov-

collateral is retained under strict standards and properly

ering credits.

Derivative Transactions Policies Regarding Setting Credit Lines

Policies Regarding Collateral

and Risk Capital Allocation

and Calculation of Reserves

Regarding counterparty risk in derivative transactions, the

In addition to the management of loans and other forms of

Group banks add this risk to the credit risk relating to loans

credit, the Resona Group banks adhere to the strict control

and other transactions with the same counterparty to super-

of credit lines and the status of collateral pledged.

vise and manage credit risk in a comprehensive manner. The

Furthermore, the Resona Group banks calculate amounts of

Group banks make proper credit judgments and establish

loan loss reserves based on their criteria for self-assess-

credit lines based on the Group Credit Policy, which estab-

ments of asset quality, write-offs, and provisions of loan loss

lished the principles, rules, and guidelines for actions related

reserves.

to credit risk management. Unlike risk arising from loans and other credit-providing activities, the credit risk amount arising

Impact of Additional Collateral Required

from derivative transactions fluctuates according to market

due to Deterioration of Own Credit Standing

trends. For this reason, the credit risk amount after transac-

In its market-related business activities such as derivative

tions have been conducted is monitored periodically accord-

transactions with collateral agreements, the Resona Group

ing to a method that takes account of the fair value and

works to manage counterparty risk through such frame-

future risks (the “current exposure” method). In transactions

works as establishing credit lines for individual counter-

with financial institutions, Group banks set credit lines based

parties. In the event that the Resona Group is forced to

on the credit rating of such financial institutions, prevailing

additionally pledge qualified financial assets as collateral due

financial conditions, and other considerations. In addition,

to a deterioration in its credit standing, or that transaction

the risk for derivative transactions is included in the risk capi-

volumes exceed, or are expected to exceed, the credit lines

tal allocated to credit and market risks.

established due to market and transaction conditions, it will review and adjust transactions with applicable counterparties or review and revise, if deemed necessary, policies relating to transactions of applicable financial products.

MARKET RISK MANAGEMENT

specified limit. The objective of this approach is to simultane-

Basic Approach to Market Risk Management

ously enhance the efficiency of its capital and ensure the

Market risk is the risk of losses that may occur when the

soundness of management of the Resona Group through

value of assets and liabilities (including off-balance sheet

the appropriate and strict management of market risk.

assets and liabilities) changes because of fluctuations in market risk factors, including interest rates, foreign currency

Market Risk Management System

exchange rates, and stock prices.

Each of the Group banks operates market activities regard-

The Resona Group works to maximize the profit it generates from market transactions while restraining the inherent

ing its size, characteristic under the guidance, or advice of Resona Holdings.

losses that may arise from market transactions within a


326

Regarding the necessity of checks and balances on mar-

In principle, the limits have been set related to market risk,

ket risk management, each of the Group banks separates

loss limits and limits on sensitivity*1 to each product, etc.,

operating offices (front offices), risk management offices

and the status of observance of these is monitored on a

(middle offices), and administration offices (back offices)

daily basis and, in some cases, on a monthly basis, to

regarding the size and characteristics.

ensure that limits are maintained and assess profits and

In addition, under the Group’s systems, the Internal Audit Division implements audits from an independent perspective.

losses. The potential loss amount based on certain stress scenarios is calculated on a regular basis. Resona Holdings supervises risk in the Group as a whole,

Market Risk Management Methods

and, as necessary, provides guidance and advice to the

Each Group bank has clarified its management methods for

Group banks.

conducting transactions and calculating market value in

*1 The amount of fluctuation in the fair value of a market transaction corresponding to a change in market price indices. An example of this is basis point value (BPV), which reflects a change in fair value based on a 0.01% change in the interest rate.

trading operations and banking operations and conducting these activities appropriately.

[Group VaR Performance] The VaR for Resona Bank, Saitama Resona Bank, and The Kinki Osaka Bank in the period from April 1, 2013 to March 31, 2014 were as follows.

Resona Bank (Billions of yen)

Period end Maximum

1.00 29.3

Trading transactions Banking transactions

5.53 60.9

Minimum

Average

0.94 24.1

2.48 39.5

* Excludes equity investments held for relationship purposes.

Trading transactions

Banking transactions

Confidence interval

99%

99%

Holding period

10 business days

20 business days

Observation period

One year

Five years

Risk measurement method

Historical Simulation Method Historical Simulation Method

Saitama Resona Bank (Billions of yen)

Period end Maximum

0.03 6.2


0.10 9.4

Minimum

Average

0.03 6.2

0.05 8.1




Confidence interval

99%

99%

Holding period

10 business days

20 business days

Observation period

One year

Five years



The Kinki Osaka Bank (Billions of yen)


Period end Maximum

0.00 9.2

0.06 10.1

Minimum

Average

0.00 7.1

0.01 8.8




Confidence interval

99%

99%

Holding period

10 business days

125 business days

Observation period

One year

Five years



Equity Exposures in the Banking Book For investments in funds in the banking book, which are held

The Resona Group banks calculate the credit risk of their

for investment purposes or for relationship purposes, and for

equity and other holdings regardless of whether they are

investments in equities, which are held for relationship pur-

classified as available-for-sale securities, stocks of subsidiar-

poses and other strategic objectives, the Resona Group

ies, or stocks of affiliated companies.

banks strictly select, only after prior analysis of each issuer,

Also, the middle office, which is independent of the front

such investments according to the rules and regulations set

office, supervises these investments by quantifying various

internally. In addition, to restrain excessive risk taking, the

risks on a portfolio basis. The Group banks calculate the risk

Group banks set position limits in advance on such invest-

of price fluctuations using the VaR method, employing a

ments, quantify the risk involved, and report such data to the

holding period of 125 business days with a confidence inter-

management on a regular basis.

val of 99%.


327

Interest Rate Risk in the Banking Book Risk Management Policies and Procedural Overview

Outline of Methods Used by Resona Group

With the aim of stabilizing and maximizing earnings, the

to Measure Interest Rate Risk in the Banking Book

Resona Group banks strive to manage interest rate risk in

The methods used by the Resona Group to measure interest

the banking book in an appropriate manner through close

rate risk in the banking book for internal control purposes

observation of interest rate fluctuations and overall economic

are outlined as follows:

conditions and optimal risk diversification. In principle, the

• Holding period:

Resona Group banks engage in derivative transactions primarily for the purpose of hedging risks. Detailed procedures

Resona Bank, Saitama Resona Bank: 20 business days The Kinki Osaka Bank: 125 business days

are the same as those followed in the risk management of

• Confidence interval: 99%

trading transactions: The Resona Group banks allocate risk

• Observation period: 5 years

capital and establish loss limits to restrain excessive risk

• Risk measurement methods: Historical Simulation Method

taking, while the middle office, independent of the front

• Other major assumptions: Among liquid deposits without

office, monitors interest rate and other risks, in principle, on

maturity dates, for those that have been held in accounts

a daily basis. In addition, the middle office monitors the sta-

for long periods (core deposits), Group banks estimate

tus of risk limit observance and earnings. The results of such

their balances with an internal model and calculate the

monitoring are regularly reported to the management to

interest rate risk for a maximum period of 10 years and an

ensure appropriate risk management.

average period of five years. In addition, to calculate the

In addition to ordinary risk measurement, the Resona

interest rate risk of possible prepayments of housing loans,

Group banks regularly conduct stress testing to quantify the

future cash flows are estimated based on analysis of actual

impact of sudden changes in market conditions. The

records of the time intervals from the time loans were

Resona Group performs monitoring in conjunction with the

made to early repayments.

quantified amounts while applying the results of such quantification in its comprehensive risk management.

LIQUIDITY RISK MANAGEMENT

Assessment of Liquidity Risk

Basic Approach to Liquidity Risk Management

Resona Holdings and Group banks conduct assessments of

Liquidity risk is the risk of losses that may occur when a

the level of liquidity risk and make decisions as to whether

party has difficulty in securing the cash required for meeting

conditions are normal or in need of attention. When condi-

the cash flow requirements arising from the mismatching of

tions are found to be in need of attention, such conditions

the maturities of fund uses and fund sources and/or to cover

are further subdivided as follows: Phase 1 (Caution required),

an unexpected outflow of funds and, as a result, is forced to

Phase 2 (Concerned situation), and Phase 3 (Critical). After

raise funds at higher than normal rates, thus incurring losses

the level of liquidity risk has been identified, systems have

(cash management risk). Liquidity risk losses may also occur

been developed to take predetermined specific measures in

when dislocations and other problems in the market make it

a timely and appropriate manner.

impossible for parties to conduct transactions, and, as a

Also, in making such assessments regarding the level of

result, they are obliged to engage in transactions at highly

liquidity risk, we make comprehensive evaluations, analyzing

unfavorable prices (market liquidity risk).

the situation by looking at both Groupwide external factors

We have developed systems for management of liquidity

(the price of Resona Holdings stock, the Company’s credit

risk that require periodic and appropriate monitoring activi-

rating, reputational factors, the economic climate, and mon-

ties and reports to management. Resona Holdings, which is

etary policies) and internal factors (deposits and market bor-

responsible for overall management supervision, has estab-

rowings that indicate the stability of funds operation at

lished a liquidity risk management unit, and has developed

Group banks).

overall Group systems for managing liquidity risk.


328

Liquidity Risk Indicators

Group banks make daily reports to Resona Holdings on the

All Group banks establish essential liquidity risk indices

status of principal liquidity risk indices.

based on their size and special characteristics as well as their liquidity condition, and use these to monitor liquidity. In

Response System for Liquidity Emergencies

addition, prior discussions are held with Resona Holdings as

To deal with liquidity emergencies, Resona Holdings con-

necessary to establish and manage guidelines for liquidity

venes a meeting of the Group Liquidity Risk Management

risk indices. Based on the understanding that it is particularly

Committee. Each of the Resona Group banks deals with

important to hold a sufficient amount of liquid assets to

liquidity emergencies in a similar way by convening meetings

maintain stable funds operation, each of the Group banks

of liquidity risk management committees. Moreover, in the

has established guidelines for minimum levels of amounts of

event that the emergency is a serious crisis or is likely to

liquid assets it will hold, based on its size and nature of its

become one, a Crisis Response Headquarters—headed by

operations. These guidelines are followed strictly on a daily

the president—is formed to organize the response.

basis to implement smooth funds operation. Moreover, the

OPERATIONAL RISK MANAGEMENT

potential and inherent risks and discussing measures to

Basic Approach to Operational Risk Management

prevent incidents that will have a major impact on business

Operational risk is the risk of losses that may occur when

or result in losses or inconvenience for our customers. We

internal processes, personnel, and/or systems function

also promote the full preparedness of our management sys-

improperly or fail to function and when external factors result

tems by including outsourced operations within the scope of

in such losses. Operational risks encompass a wide range,

our operational risk management activities. In addition, to

including processing, systems, legal, and compliance risks,

grasp the degree of the impact that potential operational

and such risks may arise in all business processes, prod-

risks might have on their businesses, we will quantify opera-

ucts, and services.

tional risks and use this information as a part of comprehen-

In dealing with operational risks, the Resona Group works

sive risk management.

to manage and reduce risks by identifying and evaluating [Classification of Operational Risk] Risk Categories Adopted by Resona Group

Processing risk

Specific Examples

(Possible internal and external examples)

Fraud

• Embezzlement of customer deposits • Misappropriation of the bank’s assets • Intentional unauthorized trading, fabrication

Processing errors

• Loss due to processing error • Loss or accidental disposal of important items • Loss due to failure to meet due date

Systems risk

• Systems failure • Infection with computer viruses

Legal and compliance risks

• Loss due to violation of duty to explain • Misuse of a stronger bargaining position

Trust asset management risk

• Loss due to misfeasance • Failure to perform fiduciary duties • Violation of management guidelines

Disasters

• Cessation of business activities due to disaster or power outage

External crime

• Compensation for damage due to counterfeit or stolen cards • Damage due to robbery, theft

Other operational risk Defects of facilities and equipment

Human resources management

• Damage to equipment due to natural disasters and terrorism • Loss compensation caused by defective equipment • Litigation over unpaid allowance for overtime work • Compensation for work-related accident cases • Settlement package for sexual harassment lawsuit, etc.


329

Operational Risk Management Structure

Responding to Emerging Risks

Resona Holdings provides guidance and advice to all

If an incident happens at a Group bank that may give rise to

Resona Group banks on their risk management structure

significant operational risks, a system is in place that requires

through prior consultations over their risk management poli-

making an initial report to management teams at the respec-

cies, rules and regulations, and important measures for

tive bank and Resona Holdings as well as any other relevant

operational risk management. It also monitors conditions of

parties. This system works to promote information sharing

operational risk with each Group bank and reports to the

regarding potential cases of operational risk by ensuring

management.

rapid reporting to management teams as well as relevant

Furthermore, Resona Holdings and each Group bank

parties.

maintain a structure in which the Board of Directors,

In the event that a risk materializes and has a substantial

Executive Committee, divisions responsible for comprehen-

impact on the business, under this system, we can endeavor

sive risk management, divisions responsible for managing

to make a rapid and appropriate initial response to prevent

each category of risk, and internal auditing departments play

further impact.

their clearly defined roles and ensure collaboration as well as mutual checking.

Operational Risk-Control Self-Assessments We conduct operational risk assessments (Operational Risk-

Collection and Use of Loss Data

Control Self-Assessment [OpR-CSA]) and evaluate the sta-

The Resona Group uses unified Group standards to collect

tus of risks inherent in all operations (frequency of potential

loss data related to operational risks. Based on these data,

risks materializing and their impacts) as well as the status of

Group banks and Resona Holdings analyze operational risks

risk management (design of systems and their operating

that have become evident. In addition, to grasp the degree

condition) to handle inherent risks.

of the impact that potential operational risks might have on

Based on operational risk assessments, we work to make

their businesses, they use loss data to quantify operational

improvements in the status of controls based on a manage-

risks and use this information as a part of comprehensive

ment enhancement plan to prevent major incidents and, by

risk management.

establishing and monitoring a risk index, to identify the status of risk at an early stage.

Processing Risk Processing risk is the risk of losses that may occur when

Clerical work processing that occurs at branch offices is

management and/or staff fail to perform processing work

verified to ensure that internal control functions are working

accurately and when an accident or fraud occurs.

t o p re v e n t p ro c e s s i n g e r ro r s a n d m i s c o n d u c t .

Accurate and quick processing is necessary for banks to earn customer trust. To accurately and quickly handle the

Representatives from the Head Office’s administration departments visit branch offices to provide advice.

high-volume, extremely time-sensitive transaction processing

For risks that have become a real concern, we collect

that arises in the wide spectrum of banking operations, we

data on clerical errors and operational mistakes, and condi-

must have measures in place to control and minimize pro-

tions for occurrence and degree of impact are scrutinized

cessing risks. To this end, we are continuing to take initia-

and assessed. After understanding all factors through a mul-

tives to understand processing errors and other risks that

tifaceted analysis, operational processes are reviewed and

have emerged and conduct monitoring activities.

training to prevent recurrence is thoroughly implemented.

To prevent processing errors, the Group banks have pro-

On the other hand, in the case of inherent risks, we identi-

cessing procedures in place and conduct employee educa-

fy and assess such risks based on the status of control defi-

tion and training. Furthermore, the Group is promoting

ciencies that have been discovered, the actual situations in

systematization to reduce processing errors and carries out

practice based on on-site inspections, and other informa-

ongoing reviews of its work procedures and processing to

tion, and then develop corrective measures based on the

make them simpler and concentrate handling in specific

level of importance.

centers.


330

Systems Risk Systems risk is the risk of losses that may occur when com-

management. Under these management systems, Group

puter systems are down or perform improperly as a result of

banks work to improve information security by taking quick

defects. Systems risk may also arise and result in losses

and appropriate action to deal with systems failure, by rais-

when computers are used improperly.

ing the quality of information systems to prevent failures,

Our basic approach to the management of systems risk is

establishing measures to prevent the spread of risk when

to examine risks that have occurred because of systems fail-

failures occur, and prevent the loss or leakage of customer

ure and make assessments, etc., of risks inherent in each

information. Further, we have a contingency plan in place to

type of system.

handle such emergencies as systems failures or disasters.

The Group banks have established systems risk management guidelines as the basis of their systems risk

Legal and Compliance Risks Legal and compliance risks are the risk of losses that may

Efforts to Prevent Financial Crime

occur when legal regulations and contracts are violated and

In recent years, financial crimes have become more sophisti-

when fraudulent contracts are concluded. Such risk may

cated and complex. The Resona Group has taken action to

also arise when improper conduct occurs, such as violation

strengthen customer verification at the time of transactions

of the duty to give proper explanations to clients and

to prevent such acts as money laundering, financing of ter-

improper use of a superior or advantageous position.

rorists, and the establishment of accounts for improper uses

To manage legal and compliance risks, we identify,

as well as measures to prevent payments from stolen pass-

assess, and gain an understanding of inherent risks as well

books. Group banks have also introduced measures to pro-

as the risks that have already occurred, take appropriate

tect the precious assets of our customers. These include

measures to prevent such risks before they occur and pre-

countermeasures for forged and stolen bank cards, the pro-

vent recurrences, and work to monitor and reduce such

vision of services that allow customers to set their own indi-

risks.

vidual withdrawal limits on ATM transactions, a card lock

Each of the Group banks conducts systematic training on

service, and IC cards with biometric identification functions.

inherent risk for management and employees to raise their

Also, when offering Internet banking services, Group banks

awareness of compliance issues. Along with heightening the

have tightened security by offering security software and

awareness of legal and compliance risks, we also have the

introducing one-time passwords.

Legal and Compliance Risk Management divisions and oth-

To deal with crimes involving bank transfer fraud, we have

ers conduct compliance checks and provide guidance and

stepped up activities in our branches to prevent such crimes

advice with the objective of preventing the occurrence and

by cautioning customers about possibilities of criminal activi-

recurrence of such risks. Also, under the Group banks’ com-

ties by having bank lobby personnel speak to customers

pliance and other programs, verifications are made of the

who seem to need help, putting up warning posters, and

status of controls, and measures are taken to reduce risk

sending cautionary messages to customers via the Internet.

through initiatives, such as reflecting compliance in business

We are also collaborating with the police in these matters. To

processes and conduct of compliance programs.

deal directly with and prevent bank transfer fraud, we have

Regarding legal and compliance risks that have occurred,

provided toll-free numbers in each of the Group banks for

we identify and assess the impact of the occurrence of such

making related inquiries. We are also accepting requests for

risks and, after analysis of the related facts, take appropriate

the return of such funds (when they remain in the accounts

measures to prevent a recurrence. In addition, the Legal and

of the perpetrators of these crimes), in accord with the

Compliance Risk Management divisions compile and man-

Criminal Accounts Damage Recovery Act.

age information related to lawsuits to provide for systems for gaining an accurate grasp of risks involved in such lawsuits and other litigation.


331

Trust Asset Management Risk Trust asset management risk is the risk of losses that may

To manage trust asset management risk, the units in

occur when Resona Bank, a trustee, in the course of man-

charge of such risk monitor periodically and manage the sta-

aging trust assets, fails to fulfill its fiduciary responsibilities

tus of compliance with management guidelines and the

and does not exercise the due care that is the responsibility

appropriateness of asset management activities. For risks

of a prudent manager, thus resulting in loss of trust assets

that have occurred, depending on the causes, we take steps

and the need to compensate clients for such losses.

needed to prevent recurrences by calling attention to these

In managing and administering trust funds, a trustee is

matters in the relevant business units, reviewing business

required to fulfill fiduciary responsibilities and provide valu-

processes, conducting thorough training programs, and tak-

able advice to customers. Resona Bank’s principal business-

ing other measures. For inherent risks, we implement

es are managing and administering important customer

reviews of the items being monitored and the frequency of

assets, including their pension funds, and we recognize that

monitoring with the objective of controlling and reducing risk.

the fulfillment of fiduciary responsibility is an especially

In addition, in the management and supervision of trust

important role. Risks inherent in the management of trust

asset management activities, we are examined by an exter-

assets, which are borne by trust managers, are in one or

nal auditing organization according to U.S. Statement on

more of the categories of processing, systems, and legal

Standards for Attestation Engagements No. 16 (SSAE 16),

and compliance risk. To fulfill their responsibilities, trust man-

and our trust asset management operations have been

agers must fulfill their fiduciary duties and have an aware-

found to be in compliance with that auditing standard.

ness of the risks of trust asset management. They are required to identify, assess, understand, manage, and work to reduce such risks from the perspectives of an understanding of risks that have occurred and inherent risks that may occur.

REPUTATIONAL RISK MANAGEMENT

Specifically, we strive to identify emerging reputational risk

Reputational risk is the risk of losses that may occur when

at an early date by checking for rumors on the Internet,

reports in the media, rumors, false information, and unfound-

speculative articles in the mass media, and other information

ed reports have a detrimental effect on a company’s reputa-

carried in various media. In addition, to prevent the appear-

tion.

ance of reputational risk as a result of the use of social

Reputational risk is linked to all other types of risk, and in

media, we have prepared our Social Media Policy.

the event that reputational issues arise, there is a possibility

When reputational risk materializes, we protect the inter-

that they could cause more unfavorable consequences than

ests of our stakeholders (shareholders, customers, and

might be expected, including loss of trust, a fall in share pric-

employees) with a quick and appropriate response to pre-

es, fewer transactions, and damage to the brand.

vent further impact. If there is a possibility that Group opera-

In the Resona Group, we position reputational risk as an

tions will be affected, and when the degree of crisis is high,

important area for management attention and take preven-

matters will be handled promptly by the Crisis Management

tive measures against the emergence of reputational risk by

System.

maintaining and enhancing trust through the timely and appropriate disclosure of information.

Responses to external inquiries are centralized at Resona Holdings, rather than at individual Group companies, so as to preserve the consistency of the Group’s information disclosure to the media.


332

CA P I TAL M A NA G E M ENT S Y S T E M S

Resona Group’s Response to Capital Adequacy Regulations

the quality and quantity of capital, was applied to the banks

Capital adequacy regulations are a framework aimed at

that adopt domestic standards from March 2014 onward.

securing the soundness of financial institutions through

The Resona Group continues to apply domestic standards

enhancement of capital. This framework has three compo-

with regard to the capital adequacy regulation for the time

nents: namely, minimum capital requirements, self-assess-

being, as it takes priority in securing the business model as a

ment and supervisory reviews, and market discipline

new financial services company concentrating on Japan.

enhanced through information disclosure.

However, in order to secure a sound capital surplus, the

The Basel 3 framework, which calls for enhancing both

To secure sufficient capital for the Resona Group, in line with the framework, Resona Holdings has established a

Resona Group shall engage in equity capital management with an awareness of the international uniform standards.

“Basic Policy for Group Capital Management,” while all Resona Group banks have established their own basic policies for capital management. These policies set forth

Trends in the Consolidated Capital Adequacy Ratio of Resona Holdings, Inc.

(1) taking actions for maintaining a sufficient level of capital, (2) taking actions for the proper capital assessment, and (3) taking initiatives for the accurate calculation of the capital

(%) 16

adequacy ratio. The Group is also moving forward with initiatives to enhance the level of risk management. Method for Calculating the Capital Adequacy Ratio Group Company

Amount of credit risk weighted assets*1

Resona Holdings Resona Bank Saitama Resona Bank

Advanced internal ratings-based approach

The Kinki Osaka Bank

Foundation internal ratings-based approach

14.67% 14

Amount equivalent to operational risk

Amount equivalent to market risk

The standardized approach* 2

The standardized approach

12

10

10.20%

13.19%

14.33% 10.74%

9.32%

11.21%

7.51%

Mar. 31, 2011

Mar. 31, 2012

Mar. 31, 2013

Mar. 31, 2014

Note: Beginning with the end of March 2014, the more-stringent Basel 3 standards have been applied in place of the previous Basel 2 standards.

Notes: 1. Beginning as of the end of March 2014, Resona Holdings, Resona Bank, and Saitama Resona Bank have adopted the advanced internal ratings-based approach. Notes: 2. Under the Standardized approach, the amount equivalent to operational risk is calculated based on “gross profit” for the previous three years. The “gross profit” is defined under the Notification on the Consolidated Capital Adequacy and differs from the “gross operating profit” that appears on the Resona Group’s financial statements.

Resona Group’s Capital Management

Looking ahead, the Resona Group will continue to man-

The Resona Group has worked to “secure sufficient capital

age its capital in an appropriate manner as described below.

both in terms of quality and quantity” as it “provides smooth financing to its domestic customers,” which is the most-

Increase value for holders of common shares

important mission that it must fulfill as a financial institution. In addition, in May 2013, the Resona Group formulated the “Public Funds Full Repayment Plan,” which calls both for full repayment and for increasing ordinary shareholders’

Providing smooth financing to its customers

value. As conditions precedent to the Plan, as well as for purposes of ensuring sufficient equity capital under domestic standards based on Basel 3, the Resona Group shall have a target for equity capital management for the time being to secure the level of around a 5.5% or higher common equity Tier 1 ratio and around a 7.0% or higher Tier 1 ratio under international standards.


Resona’s capital management Securing sufficient capital both in terms of quality and quantity

Full repayment of public funds

333

Governance and Implementation of the PDCA Cycle in Capital Management

(Risk Management Division) each play their respective rolls

Resona Holdings and all Group banks believe that, to main-

limits, monitoring compliance with these plans, analyzing

tain sound and stable business operations, securing suffi-

and evaluating the actual results, and assessing the level of

cient capital to cover the risk taken is extremely important.

capital adequacy.

such as deciding the capital adequacy ratio plans and risk

Accordingly, the Company manages the capital of the

These departments consider policies in response when

Resona Group to maintain the appropriate level of its capital

necessary, and, by conducting sufficient discussion with one

adequacy ratio.

another, they supervise the status of the capital and make

Specifically, departments in charge of capital adequacy

accurate and timely reports to the management.

ratio management (Financial Accounting Division) and

Accordingly, as a result of these activities, the Group is able

departments in charge of comprehensive risk management

to implement flexible measures to manage its capital.

[Capital Adequacy Assessment System of Resona Holdings, Inc.]

Capital Management Board of Directors Executive Committee

Comprehensive risk management (Economic capital)

Financial Accounting Division

ALM Committee


Capital adequacy ratio plan

(1) Deciding the plans Discussion/reporting

Risk limits plans

Monitoring

(2) Managing the process Discussion/reporting

Monitoring

Capital adequacy ratio results

(3) Managing the results Discussion/reporting

Confirmation of risk volume in compliance with risk limits

(4) Evaluating the adequacy Stress tests

Assessment of Capital Adequacy

Stress tests

Discussion/reporting > Assessment using a matrix of capital adequacy ratios and risk volume > Assessment using stress tests on both capital adequacy ratios and risk volume

Reviewing the original plans and process management

Reviewing the original plans and process management

Capital adequacy ratio management (Regulatory capital)

(5) Re-examine the results In the event capital is not adequate or a problem is discovered through monitoring: Consider and implement remedial actions, such as review risk limits, risk asset controls, and raising additional capital, etc. Discussion/reporting

Note: Group banks also established the capital management systems that are composed of a department in charge of capital management and a department in charge of comprehensive risk management.

Resona Holdings and Resona Group banks evaluate the

range of stress tests to measure the impact under various

“level of capital adequacy” from two perspectives: 1) man-

scenarios, and, by taking account of the principal risks that

agement of the capital adequacy ratio based on the capital

are not taken into account in the first perspective under the

adequacy regulations and 2) comprehensive risk manage-

capital adequacy regulation (such as credit concentration,

ment. Note that, under comprehensive risk management, in

interest rate risk in the banking book, and other factors), we

the assessment of the soundness of the Company’s financial

make comprehensive assessments of capital adequacy.

position, credit risk, market risk, and operational risk are

Under this system for capital management, during the fis-

measured by uniform standards based on VaR and other

cal year ended March 31, 2014, Resona Holdings and

approaches after taking account of the special features of

Resona Group banks continued to secure a level of capital

each type of risk and special features of the operations of

sufficient for sustaining the sound and stable operation of

Resona Group banks. In addition, to prepare for risks that

their business activities.

may emerge under unforeseen conditions, we conduct a


334

Financial inFormation oF resona Bank, limited

Resona Bank, Limited

Millions of U.S. dollars


March 31, 2014

2014

2013

¥ 3,777,886 62,082 50,053 590,366 5,040,457 17,693,968 58,026 829,390 216,626 36,624 57,707 72,942 292,716 (126,457) ¥28,652,391

¥ 1,993,867 60,000 62,806 756,460 5,785,124 17,440,713 55,586 758,492 215,207 39,317 52,930 131,933 310,796 (158,540) ¥27,504,695

$ 36,710 603 486 5,736 48,979 171,936 563 8,059 2,105 355 560 708 2,844 (1,228) $278,421

Liabilities Deposits �� Negotiable certificates of deposit �� Call money �� Payables under repurchase agreements �� Payables under securities lending transactions �� Trading liabilities�� Borrowed money �� Foreign exchange liabilities �� Bonds �� Due to trust account �� Other liabilities �� Reserve for employees’ bonuses �� Other reserves �� Deferred tax liabilities for land revaluation �� Acceptances and guarantees �� Total Liabilities

¥21,186,600 2,210,370 730,514 38,994 49,891 306,763 905,370 4,774 637,469 533,844 548,942 10,660 27,022 23,696 292,716 ¥27,507,634

¥21,282,538 1,579,190 202,188 38,992 — 347,375 512,125 5,271 615,603 448,793 761,152 10,767 25,784 23,690 310,796 ¥26,164,269

$205,875 21,478 7,098 378 484 2,980 8,797 46 6,194 5,187 5,334 103 262 230 2,844 $267,297

¥

¥

$

Net assets Capital stock �� Capital surplus�� Capital reserve �� Other capital surplus �� Retained earnings�� Total stockholders’ equity �� Net unrealized gains on available-for-sale securities �� Net deferred gains on hedges�� Revaluation reserve for land �� Total valuation and translation differences ��

¥

279,928 377,178 279,928 97,250 227,151 884,258

279,928 377,178 279,928 97,250 474,934 ¥ 1,132,042

¥

190,897 28,388 41,213 260,498

130,036 37,127 41,219 208,383

¥

$

2,720 3,665 2,720 945 2,207 8,592

$

1,854 275 400 2,531

Total Net Assets ��

¥ 1,144,757

¥ 1,340,426

$ 11,123

Total Liabilities and Net Assets ��

¥28,652,391

¥27,504,695

$278,421

Notes: 1� Amounts of less than one million yen have been rounded down� 2� The rate of ¥102�91=U�S�$1�00, the approximate rate of exchange in effect on March 31, 2014, has been used� 3� The distributable amount available for dividends which is defined under the Companies Act was ¥324,401 million as of the end of March 2014� Of this amount, the Bank distributed ¥2,843 million as term-end dividends for its common and preferred stock shares�



Assets Cash and due from banks �� Call loans�� Monetary claims bought �� Trading assets �� Securities �� Loans and bills discounted �� Foreign exchange assets �� Other assets �� Tangible fixed assets�� Intangible fixed assets �� Prepaid pension cost �� Deferred tax assets�� Customers’ liabilities for acceptances and guarantees �� Reserve for possible loan losses �� Total Assets ��


Non-consolidated Balance Sheet

335


137

Non-consolidated Statement of Income Resona Bank, Limited

Millions of U.S. dollars

Millions of yen

Financial Section

2014

2013

2014

Income Interest income �� ¥297,983 Interest on loans and bills discounted�� 244,928 Interest and dividends on securities�� 33,384 Other interest income �� 19,670 Trust fees�� 23,752 Fees and commissions �� 118,066 Trading income �� 860 Other operating income �� 25,118 Other income�� 84,187 Total Income �� 549,969

¥306,372 260,090 32,185 14,097 21,657 111,290 2,922 45,919 74,750 562,913

$2,895 2,380 324 191 230 1,147 8 244 818 5,344

Year ended March 31, 2014

Expenses Interest expenses �� Interest on deposits �� Other interest expenses �� Fees and commissions �� Trading expenses �� Other operating expenses �� General and administrative expenses�� Other expenses ��

33,796 10,603 23,192 50,727 2,171 11,045 214,916 30,922

38,522 14,678 23,844 50,613 1,357 9,765 225,558 49,773

328 103 225 492 21 107 2,088 300

Total Expenses ��

343,579

375,591

3,338

Net income before income taxes �� 206,389 Income taxes—current �� 8,426 Income taxes—deferred �� 44,489

187,321 25,780 (44,035)

2,005 81 432

Net income �� ¥153,473

¥205,576

$1,491

Notes: 1� Amounts of less than one million yen have been rounded down� 2� The rate of ¥102�91=U�S�$1�00, the approximate rate of exchange in effect on March 31, 2014, has been used�


336

Resona Bank, Limited March 31, 2014 (Basel 3 A-IRB)

Items


¥

737.9 513.3 227.4 — 2.8 — (4.0) (4.0) — — 1.6 49.4 1.7 47.7

/ / / / / / / / / / / / / /

— 536.7

/ /

196.0 29.2 8.3 ¥ 1,555.3

/ / / /

¥

— — —

¥28.0 — 28.0

— — 3.0 — — —

2.2 — — — 15.8 —

—

—

— — — — — 4.7 4.7 — — 7.7

— 87.8 — — 87.8 11.8 4.7 — 7.1 /

¥ 1,547.5

/

¥ 9,442.5 67.4 28.0 97.2 15.8 (138.5) 64.9 172.9 707.6 1,249.2 — ¥11,572.4

/ / / / / / / / / / / /

13.37%

/

¥


Core Capital: instruments and reserves Directly issued qualifying common stock or preferred stock mandatorily convertible into common stock capital plus related capital surplus and retained earnings �� of which: capital and capital surplus �� of which: retained earnings �� of which: treasury stock (–) �� of which: planned distribution of income (–) �� of which: other than the above �� Accumulated other comprehensive income included in Core Capital �� of which: foreign currency translation adjustments �� of which: defined-benefit pension fund net assets (prepaid pension costs) �� Subscription rights to acquire common stock or preferred stock mandatorily convertible into common stock �� Adjusted minority interests, etc� (amount allowed to be included in Core Capital) �� Reserves included in Core Capital: instruments and reserves�� of which: general reserve for possible loan losses �� of which: eligible provisions �� Eligible Non-cumulative perpetual preferred stock subject to transitional arrangement included in Core Capital: instruments and reserves �� Eligible capital instrument subject to transitional arrangement included in Core Capital: instruments and reserves �� Capital instrument issued through the measures for strengthening capital by public institutions included in Core Capital: instruments and reserves �� 45% of revaluation reserve for land included in Core Capital: instruments and reserves �� Minority interests included in Core Capital subject to transitional arrangements �� Core Capital: instruments and reserves (A)�� Core Capital: regulatory adjustments Total intangible fixed assets (net of related tax liability, excluding those relating to mortgage servicing rights)�� of which: goodwill (including those equivalent)�� of which: other intangible fixed assets other than goodwill and mortgage servicing rights�� Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) �� Shortfall of eligible provisions to expected losses �� Capital increase due to securitization transactions �� Gains and losses due to changes in own credit risk on fair valued liabilities �� Defined-benefit pension fund net assets (prepaid pension costs) �� Investments in own shares (excluding those reported in the Net Assets) �� Reciprocal cross-holdings in capital instruments issued by Other Financial Institutions for raising capital that are held by the Bank �� Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (‘Other Financial Institutions’), net of eligible short positions, where the bank does not own more than 10% of the issued share capital (‘Non-significant Investment’) (amount above the 10% threshold) �� Amount exceeding the 10% threshold on specified items �� of which: significant investments in the common stock of Other Financial Institutions, net of eligible short positions �� of which: mortgage servicing rights �� of which: deferred tax assets arising from temporary differences (net of related tax liability) �� Amount exceeding the 15% threshold on specified items �� of which: significant investments in the common stock of Other Financial Institutions, net of eligible short positions �� of which: mortgage servicing rights �� of which: deferred tax assets arising from temporary differences (net of related tax liability) �� Core Capital: regulatory adjustments (B) �� Total capital Total capital ((A)-(B)) (C) �� Risk weighted assets Credit risk weighted assets �� Total of items included in risk weighted assets subject to transitional arrangements �� of which: intangible fixed assets other than goodwill and mortgage servicing rights (net of related tax liability) �� of which: deferred tax assets (net of related tax liability) �� of which: defined-benefit pension fund net assets (prepaid pension costs) �� of which: Other Financial Institutions Exposures �� of which: other than the above �� Amount equivalent to market risk x 12�5 �� Amount equivalent to operational risk x 12�5�� Credit risk weighted assets adjustments �� Amount equivalent to operational risk adjustments �� Total amount of risk weighted assets (D) �� Capital adequacy ratio (consolidated) Capital adequacy ratio (consolidated) ((C)/(D)) ��

Billions of yen Amounts excluded under transitional arrangements


Capital Adequacy Ratio (1) Consolidated Capital Adequacy Ratio (Japanese Domestic Standard)

337



Billions of yen 2013 (Basel 2 F-IRB)

March 31

Tier 1 capital

Capital stock �� Capital surplus�� Retained earnings�� Less: Planned distribution of income �� Less: Unrealized loss on available-for-sale securities �� Foreign currency translation adjustments �� Minority interests in consolidated subsidiaries �� Preferred securities issued by overseas SPCs �� Less: Goodwill �� Less: Capital increase due to securitization transactions �� Less: 50% of excess of expected losses relative to eligible reserves �� Total of Tier 1 capital before deduction of deferred tax assets �� Less: Deduction of deferred tax assets �� Subtotal (A)�� Preferred securities with a step-up interest rate provision ��

Tier 2 capital

45% of revaluation reserve for land �� General reserve for possible loan losses �� Excess of eligible reserves relative to expected losses �� Hybrid debt capital instruments �� Subtotal�� Tier 2 capital included as qualifying capital (B) ��

Deductions

Deductions for total risk-based capital

(C) ��

42�6

Total qualifying capital

(A)+(B)–(C)

(D) ��

¥ 1,681�1

Risk-weighted assets

On-balance-sheet items �� Off-balance-sheet items�� Credit risk assets (E)�� Operational risk equivalent assets ((G)/8%) (F) �� (For reference: Amount equivalent to operational risk) (G) ��

¥10,768�5 977�4 11,746�0 710�6 56�8

Total risk-weighted assets

(E)+(F)

(H) ��

¥12,456�7

Capital adequacy ratio

(D)/(H) ��

13�49%



¥

279�9 429�3 466�4 102�1 — (4�3) 120�7 108�1 — 3�6 — 1,186�2 — 1,186�2 108�1 29�2 2�2 34�4 471�6 537�5 537�5

338

Resona Bank, Limited March 31, 2014 (Basel 3 A-IRB)

Items


¥

686.5 461.1 228.3 — 2.8 — — 47.4 0.6 46.7

/ / / / / / / / / /

— 528.6

/ /

196.0 29.2 ¥ 1,487.8

/ / /

¥

— — —

¥23.5 — 23.5

— — 3.0 — — —

2.1 — — — 37.1 —

—

—

— — — — — — — — — 3.0

— 89.9 — — 89.9 — — — — /

¥ 1,484.7

/

¥ 9,341.2 79.2 23.5 92.1 37.1 (138.5) 64.9 172.1 677.1 1,269.3 — ¥11,459.9

/ / / / / / / / / / / /

12.95%

/

¥


Core Capital: instruments and reserves Directly issued qualifying common stock or preferred stock mandatorily convertible into common stock capital plus related capital surplus and retained earnings �� of which: capital and capital surplus �� of which: retained earnings �� of which: treasury stock (–) �� of which: planned distribution of income (–) �� of which: other than the above �� Subscription rights to acquire common stock or preferred stock mandatorily convertible into common stock �� Reserves included in Core Capital: instruments and reserves�� of which: general reserve for possible loan losses �� of which: eligible provisions �� Eligible Non-cumulative perpetual preferred stock subject to transitional arrangement included in Core Capital: instruments and reserves �� Eligible capital instrument subject to transitional arrangement included in Core Capital: instruments and reserves �� Capital instrument issued through the measures for strengthening capital by public institutions included in Core Capital: instruments and reserves �� 45% of revaluation reserve for land included in Core Capital: instruments and reserves �� Core Capital: instruments and reserves (A)�� Core Capital: regulatory adjustments Total intangible fixed assets (net of related tax liability, excluding those relating to mortgage servicing rights)�� of which: goodwill �� of which: other intangible fixed assets other than goodwill and mortgage servicing rights�� Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) �� Shortfall of eligible provisions to expected losses �� Capital increase due to securitization transactions �� Gains and losses due to changes in own credit risk on fair valued liabilities �� Prepaid pension cost �� Investments in own shares (excluding those reported in the Net Assets) �� Reciprocal cross-holdings in capital instruments issued by Other Financial Institutions for raising capital that are held by the Bank �� Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (‘Other Financial Institutions’), net of eligible short positions, where the bank does not own more than 10% of the issued share capital (‘Non-significant Investment’) (amount above the 10% threshold) �� Amount exceeding the 10% threshold on specified items �� of which: significant investments in the common stock of Other Financial Institutions, net of eligible short positions �� of which: mortgage servicing rights �� of which: deferred tax assets arising from temporary differences (net of related tax liability) �� Amount exceeding the 15% threshold on specified items �� of which: significant investments in the common stock of Other Financial Institutions, net of eligible short positions �� of which: mortgage servicing rights �� of which: deferred tax assets arising from temporary differences (net of related tax liability) �� Core Capital: regulatory adjustments (B) �� Total capital Total capital ((A)-(B)) (C) �� Risk weighted assets Credit risk weighted assets �� Total of items included in risk weighted assets subject to transitional arrangements �� of which: intangible fixed assets other than goodwill and mortgage servicing rights (net of related tax liability) �� of which: deferred tax assets (net of related tax liability) �� of which: prepaid pension cost �� of which: Other Financial Institutions Exposures �� of which: other than the above �� Amount equivalent to market risk x 12�5 �� Amount equivalent to operational risk x 12�5�� Credit risk weighted assets adjustments �� Amount equivalent to operational risk adjustments �� Total amount of risk weighted assets (D) �� Capital adequacy ratio Capital adequacy ratio ((C)/(D)) ��

Billions of yen Amounts excluded under transitional arrangements


(2) Non-consolidated Capital Adequacy Ratio (Japanese Domestic Standard)

339



Billions of yen 2013 (Basel 2 F-IRB)

March 31

Tier 1 capital

Capital stock �� Capital reserve�� Other capital surplus�� Other retained earnings �� Other �� Less: Planned distribution of income �� Less: Unrealized loss on available-for-sale securities �� Less: Capital increase due to securitization transactions �� Less: 50% of excess of expected losses relative to eligible reserves �� Total of Tier 1 capital before deduction of deferred tax assets �� Less: Deduction of deferred tax assets �� Subtotal (A)�� Preferred securities with a step-up interest rate provision ��

Tier 2 capital

45% of revaluation reserve for land �� General reserve for possible loan losses �� Excess of eligible reserves relative to expected losses �� Hybrid debt capital instruments �� Subtotal�� Tier 2 capital included as qualifying capital (B) �� Deductions for total risk-based capital (C) ��


Deductions

¥

279�9 279�9 97�2 476�7 111�7 102�1 — 3�6 — 1,139�7 — 1,139�7 108�1 29�2 1�3 34�5 471�6 536�7 536�7 19�4

Total qualifying capital

(A)+(B)–(C)

(D) ��

¥ 1,656�9

Risk-weighted assets

On-balance-sheet items �� Off-balance-sheet items�� Credit risk assets (E)�� Operational risk equivalent assets ((G)/8%) (F) �� (For reference: Amount equivalent to operational risk) (G) ��

¥10,683�3 986�5 11,669�9 680�4 54�4

Total risk-weighted assets

(E)+(F)

(H) ��

¥12,350�3

Capital adequacy ratio

(D)/(H) ��

13�41%


340



Daftar isi Table of Content TAKING THE NEXT STEP

TAKING THE NEXT STEP

1

Visi dan Misi

Vision and Mission

2

Nilai-NILAI Perusahaan

Corporate Values

3

1.

1.

Performance Highlights 2014

4

Financial Highlights

6

Sekilas Kinerja 2014 Ikhtisar Keuangan

2.

3.

4.

5.

Laporan Manajemen

2.

Management Report

8

Laporan Dewan Komisaris

Report from the Board of Commissioners

11

Profil Dewan Komisaris

Profile of Board of Commissioners

16

Laporan Direksi

Report from the Board of Directors

19

Profil Direksi

Profile of Board of Directors

24

Bank Profile

26

Sekilas Perusahaan

Company at a Glance

28

Arti Nama Resona Perdania

The Meaning of Resona Perdania

30

Produk dan Jasa

Products & Services

31

Tonggak Sejarah

Milestones

32

Struktur Organisasi Per 31 Desember 2014

Organization Structure as of December 31, 2014

34

Pejabat Eksekutif Per 31 Desember 2014

Executive Officers as of December 31, 2014

36

Struktur Pemegang Saham dan Entitas Anak

Structure of Shareholders and Subsidiary

37

Struktur Kelompok Usaha

Business Group Structure

37

Penghargaan dan Pencapaian

Awards and Achievements

38

Peristiwa Penting

Important Events

40

Profil Grup Resona

Profile of Resona Group

42

Struktur Grup Resona

Structure of Resona Group

43

Entitas Anak

Subsidiary

44

Alamat Jaringan Kantor

Office Network Addresses

46

Profil Bank

3.

2014 Performance Review

48

Kondisi Makro Ekonomi dan Perbankan Nasional

Macro Economic Condition and National Banking Industry

50

Tinjauan Kinerja Usaha

Business Performance Review

50

Tinjauan Kinerja Operasional Bank

Bank Operational Performance Review

52

Tinjauan Kinerja Keuangan

Financial Performance Review

54

Struktur Pemodalan dan Kebijakan Manajemen atas Struktur

Capital Structure and Management Policy on Capital Structure

58

Modal Prospek Bisnis dan Rencana Strategis 2015

Business Prospect and Strategic Plan 2015

59

Tinjauan Kinerja 2014

4.

Good Corporate Governance

62

Pelaksanaan Tata Kelola Perusahaan

Corporate Governance Implementation

64

Struktur Tata Kelola Perusahaan

Corporate Governance Structure

66

Komite-Komite

Committees

70

Audit Internal

Internal Audit

74

Manajemen Risiko

Risk Management

77

Penanganan Kredit Bermasalah

Handling of Non-Performing Loan

84

Teknologi Informasi

Information Technology

86

Sumber Daya Manusia

Human Resources

87

Tanggung Jawab Sosial Perusahaan dan Program Edukasi Perbankan

Corporate Social Responsibility and Banking Education Program

90

Consolidated Financial Statements And supplementary information

93

Pengungkapan Permodalan Serta Pengungkapan Disclosures of the Bank’s Capital, Risk Exposure & Risk Eksposur Risiko & Penerapan Manajemen Risiko Bank Management Implementation

219

305

Tata Kelola Perusahaan

Laporan Keuangan Konsolidasi DAN INFORMASI TAMBAHAN

Laporan Keuangan Konsolidasi Perusahaan Induk

5.

Parent Company Consolidated Financial Statements

PSAK 65, Laporan Keuangan Konsolidasian. PSAK 65, Consolidated Financial Statements

Recommend Documents