RELIABLE BUSINESS FRIENDS. English Version. Annual Report PT. Bank Harda Internasional, Tbk

RELIABLE BUSINESS FRIENDS

English Version

Annual Report 2016 PT. Bank Harda Internasional, Tbk

01

Introduction

Performance Highlights…………………………………………………………………………………..1 Financial Highlights………………………………………………………………………………… 3 Operational Highlights…………………………………………………………………………………….7 Stock Highlights………………………………………………………………………………………………8 2016 Milestones……………………………………………………………………………….. 9 Board of Commissioners Report…………………………………………………………………………………………… 13 Board of Directors Report…………………………………………………………………………………… 15

19

51

Company Profile

Company Profile……………………………………………………………………………………………… 20 Brief History of Bank BHI………………………………………………………….……………………… 21 Corporate Culture……………………………………………………………….…………………………… 23 Awards…………………………………………………………………………………………………………… 24 Line of Business……………………………………………………………………….……………………… 25 Products and Services……………………………………………………………………….…………… 25 Office Network……………………………………………………………………….………………………… 27 Board of Commissioners Profile……………………………………………………………………… 29 Board of Directors Profile……………………………………………………………………….……… 31 Management Profile……………………………………………………………………….……………… 33 Branch Manager Profile………………………………………………………………………………… 37 Employees Profile……………………………………………………………………….…………………… 42 Organization Structure……………………………………………………………………….…………… 43 Composition of Shareholders……………………………………………………………………….… 45 List of Subsidiaries and/or Associated Entities……………………………………………… 45 Structural Group of Companies……………………………………………………………………… 46 Supporting Institutions and Professionals of the Capital Market at The Time of The 2015 IPO……………………………………………………… 47 Chronological Listing of Shares……………………………………………………………………… 48 Name and Office Address ……………………………………………………………………….……… 49

Management Discussion and Analysis

Economic Review...........................................................................…………………………… 52

Operational Review............................................................................……………………… 55 Financial Review............................................................................………………………… 59

69

116

121

Corporate Governance

Corporate Governance…………………………………………………………………………………… 70 Structure and Mechanism of GCG…………………………………………………………………… 71 Corporate Secretary………………………………………………………………………………………… 80 Internal Audit ……………………………………………………………………….………………………… 80 External Audit ………………………………………………………………………………………………… 81 Internal Fraud………………………………………………………………………..………………………… 82 Salary Ratio Highest and Lowest Salary…………………………………..……………………… 82 Legal Issues………………………………………………………….……………………………… 82 Conflict of Interest Transactions…………....……………………………… 82 Code of Ethics and Corporate Culture……………………………………………………………… 82 Violation Reporting System (Whistleblowing System)……….…………………………… 83 Buy Back Shares and / or Buy Back Bonds Bank…………..……………………………… 83 Controller Shareholder Information………………………………………………………………… 83 APU and PPT Program Implementation for Commercial Banks…………….……………………………… 83 Equal To the Entire Shareholders………………………………………….....……………………… 83 Information Technology Management ……………………………………………..……………… 84 Risk Management………………………………………………………………….………………………… 85 Human Resource Management……………………………………………………………………… 111

Corporate Social Responsibility

CSR kaleidoscope Bank BHI 2016…………………………………………………………………… 117 CSR Structure Business…………………………………………………………………………………… 119 Policies and Execution of CSR………………………………………………………………………… 119 Social Responsibility to the Environment………………………………………………………… 119 Social Responsibility-Related Labor, Health and Safety ………………………………… 119 Social Responsibility for the Product and Customer……………………………………… 120 Social Responsibility and Community………………………….………………………………… 120

Financial Statements Financial Statements Ended December 31, 2016 and 2015………………………………. 121

Performance Highlight 2016

Management Report

2016

Company Profile


Performance Highlights

ASSET

LOAN

Total assets amounted to

Total loans amounted to

Rp 2.058 Bio

Rp 1.398 Bio

THIRD PARTY FUNDS

NET INCOME

Total third party funds amounted to

Rp 7.1 Bio

Profit growth 115.41% to

Rp 1.568 Bio

1

NIM

CAR

NIM growth 0.34% to

Capital Adequacy Ratio

5.41%

21.73%

Annual Report 2016



Financial Statement

22 Years Become Friends Trusted Business

In order to create a strong image as a reliable bank and close to the hearts of customers, the Bank which has the motto "RELIABLE BUSINESS FRIENDS" bring a new spirit the dominant red and blue colors. With the new designation is more familiar, Bank BHI. In 2015, Bank BHI do Initial Public offer (IPO) to the public as much as 800 million pieces stock.

From time to time BHI continue improvements both banking operations and HR quality systems to provide the best banking services for Bank BHI customer.

2016 Annual Report

2



Company Profile

Management Report

Financial Highlights Financial Highlights last 5 years (Audited for the year ended December 31)

in million rupiah

BALANCE SHEET Total Assets Earnings Loans - Bruto Securities Placements with Bank Indonesia Placements with Other Banks Assets & Inventory Collateral Expropriated Total Assets Third Party Funds Current Account Saving Account Time Deposit Placements of Other Banks Total Liabilities Total Equity Total Liabilites and Equity COMPREHENSIVE INCOME Operating Income Interest Income - net Operating Income other than Interest Losses Cost Impairment of Financial Assets Operating Expenses Gain (Loss) Operations Non-Operating Income Profit (Loss) before Income Taxes Net Profit Income (Expenses) Other Comprehensive Total Comprehensive Income Net Profit Attributable to: Owner Entity Non Controlling Interests Comprehensive Income Attributable to: Owner Entity Non Controlling Interests Earnings per Share (full amount)

3

Annual Report 2016

2016

2015

2014

2013

2012

1,794,727 1,398,464 147,078 202,145 47,040 31,745 78,439 2,058,463 1,568,478 130,798 109,667 1,328,013 70,880 1,676,655 381,808 2,058,463

1,876,587 1,505,335 180,165 120,675 70,412 33,062 38,715 2,079,034 1,594,193 138,370 102,300 1,353,523 78,704 1,703,066 375,968 2,079,034

1,801,772 1,513,066 123,492 137,578 27,636 30,068 5,272 2,020,527 1,619,394 119,884 94,871 1,404,639 78,965 1,729,203 291,324 2,020,527

1,470,040 1,213,824 157,297 94,984 3,935 12,596 1,732 1,639,444 1,338,486 130,116 104,146 1,104,224 64,190 1,431,235 208,209 1,639,444

1,564,995 1,156,640 250,601 148,975 8,779 14,349 893 1,730,623 1,431,619 152,329 120,439 1,158,851 97,868 1,555,741 174,882 1,730,623

104,583 94,492 10,091 (11,092) (85,279) 8,212 2,667 10,879 7,087 (1,462) 5,625

98,813 91,867 6,946 (75,299) (85,052) (61,538) 1,541 (59,997) (45,978) 5,738 (40,240)

88,999 81,746 7,253 (2,975) (73,797) 12,227 5,683 17,910 12,449 21,481 33,930

80,932 73,553 7,379 4,411 (68,698) 16,645 (575) 16,070 11,727 11,727

79,192 73,500 5,692 2,154 (55,698) 25,648 1,607 27,255 20,056 20,056

7,087 -

(45,978) -

12,449 -

11,727 -

20,056 -

5,625 1.94

(40,240) (14.56)

33,930 5.41

11,727 5.80

20,056 11.38


Financial Statement


FINANCIAL RATIO CAPITAL Capital Adequacy Ratio (CAR) CAR Tier 1 CAR Tier 2 Fixed Assets to Equity EARNING ASSETS Productive and Non-Productive Non-Performing Assets to Total Productive and Non-Productive Asset Non-Performing Productive Assets to Total Productive Impairment Losses to Productive Assets NPL - Gross NPL - Net PROFITABILITY Return on Asset (ROA) Return on Equity (ROE) Net Interest Margin (NIM) Operating Expenses to Operating Income (BOPO) LIQUIDITY Loan to Deposit Ratio (LDR) Current Account Saving Account (CASA) Liabilities to Equity Ratio Liabilities to Assets Ratio COMPLIANCE Percentage of LLL Violation a. Related party b. Unrelated party LLL exceedance percentage a. Related party b. Unrelated party Minimum Reserve Requirement a. in Rupiah b. In Foreign Currencies Net Open Position

2016

2015

2014

2013

2012

21.73% 21.01% 0.71% 8.31%

21.90% 21.11% 0.79% 8.79%

15.66% 14.28% 1.38% 10.32%

15.78% 14.85% 0.93% 6.05%

13.49% 12.53% 0.95% 8.20%

4.00%

5.90%

3.09%

1.39%

2.37%

2.20% 1.08% 2.83% 1.90%

5.75% 2.74% 7.10% 3.97%

3.01% 0.46% 3.58% 3.26%

1.34% 0.37% 1.62% 1.47%

2.31% 0.65% 3.13% 2.71%

0.53% 2.11% 5.41% 96.24%

-2.82% -15.25% 5.07% 124.94%

0.94% 5.93% 4.96% 94.35%

1.01% 5.68% 5.36% 90.66%

1.67% 13.11% 5.19% 85.37%

89.04% 15.33% 439.14% 81.45%

94.23% 15.10% 452.98% 81.92%

92.84% 13.26% 593.57% 85.58%

89.99% 17.50% 687.40% 87.30%

79.37% 19.05% 889.59% 89.89%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

0.00% 0.00%

6.55% 0.00% 0.00%

7.56% 0.00% 0.00%

8.06% 0.00% 0.00%

8.05% 0.00% 0.00%

8.17% 0.00% 0.00%

2016 Annual Report

4


Management Report

Total Asset

Loans - Bruto

(in Billion rupiah)

(in Billion rupiah)

2,022 1,730

2012

2,079

2,058

1,639

2013

2014

2015

2016

1,157

1,214

2012

2013

5

2015

(in Billion rupiah)

1,594

1,568

1,338

2013

382

2014

2015

2016

2012

2015

2016

208

2013

2014

Net Income

(in Billion rupiah)

(in Billion rupiah)

2013

2016

376

Interest Income (Net)

76

1,398

293

85

96

94

2012

2012

2014

Total Equity

20 76

1,505

(in Billion rupiah)

175

2012

1,513

Third Party Funds

1,619 1,431


Company Profile

2014

Annual Report 2016

2015

2016

12

13

2013

2014

7

2015

(46)

2016


Financial Statement


Return on Assets (ROA)

Return on Equity (ROE)

(in percentage)

(in percentage)

13.11%

1.67% 1.01%

2012

2013

0.98%

2014

5.68%

0.53%

2015

2016

6.20% 2.11%

2012

2013

2014

2015

2016

15.25%

-2.82%

Net Interest Margin (NIM)

Capital Adequacy Ratio (CAR)

(in percentage)

(in percentage)

5.41%

5.36%

21.90% 21.73%

5.19% 13.49%

5.07%

15.78% 15.73%

4.96%

2012

2013

2014

2015

2016

2012

2013

2014

2015

2016

Loan to Deposit Ratio (LDR)

Non Performing Loan (NPL)

(in percentage)

(in percentage)

92.84%

94.23%

89.99%

89.04%

NPL - Net

3.58% 3.13% 3.26% 2.71% 1.62% 1.47%

79.37%

2012

7.10%

NPL - Gross

2013

2014

2015

2016

2012

2013

2014

3.97% 2.83% 1.90%

2015

2016

2016 Annual Report

6



Company Profile

Management Report

Operational Highlights Bank BHI Business Product (in million Rupiah)

Products Loan Products Reta i l Commerci a l Total Loan Deposit Porducts Current Account Sa vi ng Account Ti me Depos i t Total Deposits

2016

2015

2014

465,803 932,661 1,398,464

392,264 1,113,071 1,505,335

366,741 1,146,325 1,513,066

130,798 109,667 1,328,013 1,568,478

138,370 102,300 1,353,523 1,594,193

119,884 94,871 1,404,639 1,619,394

Loan Products 1,146

1,113 933 466

392

367

2014

2015

Retail

2016

Commercial

Deposit Products

131

110

138

2014 Current Account

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Annual Report 2016

1,405

1,354

1,328

102

120

2015 Saving Account

95

2016 Time Deposit


Financial Statement


Stock Highlights Trading Securities in The Stock Exchange of Indonesia (Code: BBHI)

Closing Price (Rp) 140

Transaction Volume 120,000

107,966

120 100

100,000

125 117

120

115

120

119

119

80,000

109 102

100

102

96

94

80

82

60,000

84 74

60

66

40

7,604

8,926

2,764

26

11

-

57

11

2

441

5,260

40,000 20,000

573

188

195

150

1,451

20

-

-

(20,000) Agt

Sep

Oct Okt

Dec Des

Nov

Jan

Feb

Mar

Apr

Mei May

2015

Jun

Jul

Agt

Sep

Oct Okt

Nov

Des Dec

2016 Closing Penutupan

Volume

Pricing Stock & Transaction Volume Period

Highest

Date

December September June Ma rch

85 96 108 118

29-12-16 01-09-16 20-06-16 18-03-16

December September June Ma rch

125 122 -

12-10-15 16-09-15 -

Price (Rp) Lowest Date 2016 63 30-12-16 72 21-09-16 99 22-06-16 95 29-03-16 2015 94 22-12-15 113 09-02-15 -

Closing

Market Cap Volume (Rp/Million) (Share/Thousand)

Date

66 82 102 109

30-12-16 30-09-16 28-06-16 31-03-16

239,000 296,000 369,000 394,000

1,451 573 441 57

120 115 -

23-12-15 30-09-15 -

433,620 415,553 -

26 7,604 -

Shareholders Composition as of 31 December

DESCRIPTION PT Hakimputra Perkas a Kwee Sinto Community (under 5%) TOTAL

2016 SHARES PERCENTAGE (%) 2,651,961,000 72.66% 198,039,000 5.42% 800,000,000 21.92% 3,650,000,000 100.00%


2016 Annual Report

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Management Report


Company Profile

2016 Milestones January

February

March

28 Blood donation activities

22 - 23

27

Training builds a professional work ethic with credible leadership an effective leadership

Training for frontliner

August

July

September

19 - 20

27 - 28 Training of professional certification of teller and customer service field funding and lending – LSPP Batch I & Batch II

27 Tax Banking Training

9

Annual Report 2016

3 Professional certification exams teller and customer services areas of funding & services – LSPP


April


May

Financial Statement

June

15 24

Breakfasting with orphan

Share love at orphanage Griya Asih

12 Debriefing UKMR Level II & III BSMR

October

10 BHI Birthday Party to 22 Years

November

December

19, 20 & 26 Debriefing and certification test operation back office

16 & 25 Christmas with Griya Asih foundation and management seminar of compliance and its relation with APU, PPT, Tax Amnesty and NPL

2016 Annual Report

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Management Report

Management Report

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Annual Report 2016

Company Profile




Financial Statement

2016 Annual Report

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Management Report

Company Profile


Board of Commissioners Report

Effect of reduction in global economic activity has been felt since 2015 and continued in 2016 in turn will affect the dynamics and economic growth and national banks as a whole. It can be seen from the realization of Indonesia's economic growth in 2016, reaching only 5.02% of the planned 5.30%. In the realization of the banking sector credit growth up to December 2016 only grew by 7.87% (yoy) while growth in third party funds in the same period grew only by 9.60% (yoy). Weakening growth in credit as well as third party funds turned out to be accompanied by increased NPL (due to slowdown of business activities) and be 2.93% as of December 31, 2016. Symptoms that occur at the macro was also experienced by Bank BHI during 2016 because pressure in the growth of loans and deposits, asset quality deterioration / NPL.

13

Annual Report 2016

Although Bank BHI face and pressure conditions as experienced by other banks, but there are some performance that must be appreciated because it produces positive things as follows: 1. Able to suppress NPLs at a low level, namely the gross NPL at 2.83%, while the net NPL of 1.90%. 2. Managed to control and maintain the good credit quality of existing and new credit so that it does not appear that the new problem loans. 3. Complete the 2015 non-performing loans either through repayment, restructuring, foreclosed assets or other measures. 4. Record the L / R positive so fixing the position of the L / R were impaired in 2015. 5. Refine and improve infrastructure, both in the aspect of human resources, technology, process and organization.


Financial Statement


Upon successful completion of the above-mentioned things, the bank must immediately step transformation was behind. BOC understand that the transformation of the organization into a new era is not something easy to do, but one positive initial step that have dared to do will produce other positive effects that multiply the result.

Rp 2.06 Trillion

On this occasion we BoC would like to express appreciation to Board of Directors, the whole range of organizations both at the central and branch as well as all employees of the Bank BHI over all the dedication, hard work and positive contributions in an effort to keep maintain continuity and continuous positive growth Bank BHI .

………………………………

In an effort to anticipate the improved economic conditions in the coming year, during 2016 Board of Directors has begun to implement some of the work plan has been prepared, especially in efforts to develop a regional business base across owned, search and unwanted solicitation of the target market and customer base targeted by optimizing the whole network / branch network, technology and strength skill personnel and organizational capabilities are built according to the intended direction.

2016 Total Asset

Not to forget we thanks to all stakeholders, shareholders who constantly work to provide support to Bank BHI. Thanks and Happy Work.

Therefore, we expect Board of Directors in continuous move on the transformation that has already begun, especially in its efforts to achieve the goals and positioning already established the organization in Corporate Plan years 2012-2017.

Jakarta, 21 April 2017 Board of Commissioners PT Bank Harda Internasional, Tbk

Independent Commissioner

2016 Annual Report

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Management Report

Company Profile


Board of Directors Report

Our esteemed shareholders, Thank you for your support and trust given to Bank BHI can achieve good performance in 2016. As is known, the macro economy in 2016 was characterized by a variety of challenges and upheavals, both from global and domestic. Nonetheless, through the identification and implementation of appropriate business strategy with the precautionary principle (prudent) in anticipation of the still volatile conditions, Bank BHI grateful because in 2016 it had a net profit of Rp 7.1 billion compared to the previous year losses of Rp 45.9 billion. ECONOMIC REVIEW 2016 2016 is still a full year challenges for the national economy and the banking industry. Even though, economy Indonesia in 2016 managed to grow at 5.02% or higher compared to that in 2015 which amounted to 4.88%. The economic growth is the highest growth after India and China.

15

Annual Report 2016

Economy was moving slowly over the past year is now starting to improve. Nevertheless, the national economy is still overshadowed by global uncertainty. BANKING PERFORMANCE 2016 The trend of economic recovery Indonesia is increasingly improved less impact so significantly on the performance of banks in 2016. The commercial bank credit growth was recorded throughout 2016 only amounted to 7.87% (yoy) lower than 2015 at 10.45%. The increase in credit risk in some business segments requires the Bank to be more selective in extending new loans. Meanwhile, the growth of third party funds of 9.60% or higher if compared to the previous period at 7.27%. LDR Public Bank declined 1.41% to 90.70% in 2016.



2016 BANK BHI PERFORMANCE Although economic conditions in Indonesia throughout 2016 challenging enough, the whole range of Bank BHI staff managed through the year 2016 with a record profit before tax at the end of 2016 amounted to Rp 10.9 billion, an increase of 118.13% when compared to last year had a loss of Rp 59.9 billion.

Rp 7.09 Billion

up several strategies to reduce the impact of these pressures on the Bank's overall performance. Bank BHI remains focused on strengthening fundamental finance and maximize business growth including through:

………………………………

This contributed to an increase in net interest income and operating income as well as the success of the bank's non-interest in resolving problem loans which is the impact of last year that CKPN costs decreased significantly. Bank's net interest income of Rp 94.5 billion, an increase of 2.84% when compared last year's Rp 91.8 billion. Non-interest operating income of Rp 10.1 billion, an increase of 45.28% when compared to last year's Rp 6.9 billion caused by Advantages Sale Financial Assets (Securities) of Rp 2.7 billion. While the fee for impairment losses decreased by 85.67% from Rp 75.3 billion in 2015 to Rp 10.8 billion in 2016. In terms of assets, Bank BHI decreased slightly by 0.91% from Rp 2.079 billion in 2015 to Rp 2.060 billion in in 2016. This was caused by a decrease in credit for their solution to the problem loans that declined by Rp 106.8 billion or 7.10%. In terms of Bank BHI Liabilities decreased by Rp 26.4 billion or 1.55%. It is caused by the decline in deposits of Rp 25.5 billion or 1.88% compared to last year. This decline is not because banks are not able to collect funds from the public, but this is one credit given the bank's strategy has decreased significantly. With this strategy, the bank is still able to maintain NIM at the positive trend so that the profits the Bank can be properly maintained.

Financial Statement

1.

2. 3. 4. 5.

6.

2016 Net Profit

Management of delinquent debtors and debtor settlement stalled. Monitoring stringent over time allows the bank to anticipate the worst possibilities of each debtor. presentation of the report follow-up Comprehensive about the condition of each debtor problematic from time to time used as an ingredient monitoring and decision-making in the resolution of problem loans. Business growth prudent by focusing on segments retail, commercial and consumer. Consistently realize good corporate governance by applying the principles of corporate governance. Completion end to end credit process. System development monitoring and early warning (early warning system). With early warning system which will be developed, every occurrence of a decrease in certain indicators do mitigating actions to debtors were estimated to be affected. Rebalancing the portfolio funds through asset effectiveness and liabilities management. With excess liquidity constraints on lending, which can provide optimal benefits, the Bank must have a strategy to take advantage of excess Liquidity this to financial instruments which can still provide increased revenue.

STRATEGIC POLICY It must be recognized that the attainment of credits and total deposits decreased. For the future, Bank BHI take a more conservative effect, Bank BHI have set

2016 Annual Report

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Company Profile

Management Report

PROSPECTS IN 2017 In 2017, Indonesia's economic growth is projected to reach around 5.0% - 5.4% (yoy). It is supported by private consumption is still growing strong, the increase in government consumption as well as improving public and private investment. In terms of banking, Bank Indonesia estimated that the average loan growth in 2017 amounted to 13.1% (yoy). Optimism credit growth was mainly driven by the growing conditions liquidity, still the continued decline in lending rates and expected economic conditions getting better. See business prospects, Bank BHI continue to strive to improve potential that there is with maximizing available resources. APPLICATION OF CORPORATE GOVERNANCE (GCG) Governance structures and mechanisms are neat and applied consistently played an important role this in ensuring reliable operations and responsive. Implementation of the governance culture has been reinforced by the Code of Conduct administered under the Director of Compliance.

We believe that the success of Bank BHI in minimizing the impact of external conditions is inseparable pressure on the readiness of the corporate governance structure that has been built over the years. Management can communicate effectively with Board of Commissioners and all elements of the Company in responding to the challenges and issues that arise throughout the year. CHANGES IN COMPOSITION OF Board of Directors In 2016 the composition of Board of Directors to change. General Meeting Extraordinary Shareholders (EGM) was held decided to appoint Mr. Barlian Halim as Plt. Presiden Director, Mr. Harry Abbas as Compliance Director and Mr. David Fisher Kusnadi as Business Director. So that the composition of Board of Directors of the conclusion of the EGM are as follows:

Management Plt. President Director: Barlian Halim Compliance Director : Harry Abbas Business Director : David Fisher Kusnadi This composition is considered highly needed by Bank BHI to meet the demands of the business, to realize the vision, mission and strategic objectives as stated in Bank BHI program, based on an evaluation of the controlling shareholder and recommendations of Commissioners as well as the Nomination and Remuneration Committee. CLOSING Similarly, Board of Directors assignment report on implementation of the Bank during 2016. Board of Directors provides the highest appreciation to our customers and business partners of the Company who have given credence to Bank BHI. For their support during this time, Bank BHI able to demonstrate achievement of excellent performance. On the direction given by Board of Commissioners, Board of Directors provides the highest appreciation to Board of Commissioners that has provided direction and can greatly contribute to the achievement of the Bank's performance, so as to improve the performance of the Bank in 2016. Board of Directors also provides highest appreciation for the commitment and cooperation of all levels of the management team and all employees who have worked hard in the middle of the challenges that occur in the banking industry. The hard work of the management team and all employees, the Bank was able to improve its performance in 2016. For the future, we remain committed to always provide the best to the achievement of sustainable performance improvement. Directors expect that the Bank will be an important part and contribute in promoting growth economy in Indonesia.

Jakarta, 21 April 2017 Board of Directors

Plt. President Director

17

Annual Report 2016




Financial Statement

BOARD OF COMMISSIONERS AND DIRECTORS STATEMENT ABOUT RESPONSIBILITY FOR THE ANNUAL REPORT 2016 PT BANK HARDA INTERNASIONAL Tbk We undersigned declare that all information in Annual Report PT Bank Harda Internasional Tbk in 2016 has been fully and take full responsibility for the accuracy of the contents of Annual Report of the company. This statement was made in good faith.

Jakarta, 21 April 2017

BOARD OF COMMISSIONERS

BOARD OF DIRECTORS


Plt. President Director


Compliance Director

Commissioner

Business Director

2016 Annual Report

18


Management Report

Company Profile


Company Profile

COMPANY PROFILE

Forever Present in the Customer Side Bank BHI present to accompany every requirement of customer by providing quality products and services

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Annual Report 2016



Financial Statement

Company Profile COMPANY NAME

PT BANK HARDA INTERNASIONAL, TBK

OWNERSHIP

PT Hakim Putra Perkasa 72.66% Kwee Sinto 5.42% Community 21.92%

BUSINESS FIELDS

National Private Non-Foreign Exchange Banks

DATE OF ESTABLISHMENT

February 10, 1993

LEGAL BASIS OF ESTABLISHMENT

Certificate No. 242 October 21, 1992 Notary Ny. Adi Poerbaningsih Warsito. Notarial deed No. 181 dated January 16, 1993 is still the same notary to permit the operation as a commercial bank on September 8, 1994 under the name Bank Harda Griya corresponding

Decree of the Minister of Finance of the Republic of Indonesia No. 455 / KMK.017 / 1994. AUTHORIZED CAPITAL

Rp 1,000,000,000,000,-

ISSUED AND PAID

Rp 365,000,000,000,-

IN STOCK EXCHANGE LISTING

Listing on the Indonesia Stock Exchange dated August 12, 2015

STOCK CODE

BBHI

NUMBER OF EMPLOYEES

408 peoples

HEAD OFFICE

ASEAN TOWER Floor 2-3 Jalan KH. Samanhudi 10 Jakarta 10710 Tel. (021) 3841178 Fax. (021) 3841022, 3841023

OFFICE NETWORK

1 Head Office 9 Branches 7 Sub Branch Offices 2 Cash Offices

WEBSITE

www.bankbhi.co.id

2016 Annual Report

20


Management Report

Company Profile


Brief History of Bank BHI

VISION Making Bank BHI as a Bank that is known, trusted and quality with the support of a solid organization, competent human resources and has high integrity as well as the use of information technology optimally.

MISSION Bank BHI realize a healthy and stable, able to grow sustainably and give benefits for all stakeholders.

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Annual Report 2016



Financial Statement

Bank BHI Profile BHI is a bank that has a long history in meeting the needs of banking services to its customers through products and services are appropriate and supported by a network of offices spread almost all over Indonesia

Previously known as Bank Harda Internasional, established in Jakarta on February 10, 1993 based on deed No. 242 October 21, 1992 Notary Ny. Adi Poerbaningsih Warsito. Was originally established under the name of Bank Arta Griya which later became Bank Harda Griya based on notarial deed No. 181 dated January 16, 1993 is still the same notary. Bank BHI Head Office was first operated on Jl. Pinangsia III No. 27, and began operation on October 10, 1994 after obtaining the operating license as a commercial bank on September 8, 1994 under the name Bank Harda Griya corresponding Decree of the Minister of Finance of the Republic of Indonesia No. 455 / KMK.017 / 1994. In August 1995, Bank BHI Head Office relocates to Grand Boutique Center Blok B No. 3-4, Jl. Mangga Dua Raya, North Jakarta 14430. In the spirit of growth in Bank BHI continues to grow so that Bank BHI Head Office moved to Asean Tower Building 3rd floor at Jl. KH. Samanhudi No.10 Jakarta 10710. Operational Head Office in Asean Tower first floor at the same address after receiving approval from Bank Indonesia letter No. 9/1163 / DPIP / Prz dated November 21, 2007. In order to improve service to customers and expand the network, Bank BHI has 16 Branch / Sub Branch and 2 Cash Offices spread across several regions in Indonesia, such as Jatabek (10 Branches / Sub Branches), Surabaya (2 Branches), Bandung (1 Branch) , Solo (1 Branch), Pontianak (1 Branch), Pekanbaru (1 Branch) and Cash Offices in Tanah Abang and Taman Palem. From time to time Bank BHI continue improvements both banking operations and HR quality systems to provide the best banking services for make Bank BHI as a Reliable Business Friends.

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Management Report

Company Profile


Corporate Culture

I

INTEGRITY A concept of consistency of actions, values, methods, measures principles, expectations and outcomes.

COMPETENCE

C T

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Annual Report 2016

Ability possessed by an employee in the form of knowledge, skills and attitudes in the behavior of his duties so that they can carry out their duties professionally, effectively and efficiently.

TOGETHERNESS Bond formed by the sense of family, more than just working together or normal professional relationship.



Financial Statement

Awards

InfoBank Awards 2015 For the financial performance of 2014 “Very Good”


InfoBank Awards 2005 Golden Trophy On financial performance for 5 consecutive years “Very Good”






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Management Report

Company Profile


Line of Business In accordance with article 3 of the Articles of Association of the Bank, the scope of activities of the Bank is doing business as the commercial banks in the broadest sense of the word in accordance with applicable regulations.

Products and Services DEPOSIT PRODUCTS GIRO MURNI Third party deposits in rupiah currency, which is intended for Individuals and Enterprises. Where may be withdrawn at any time without a limit on the use of checks / BG, ATM and other media that is set by Bank BHI. GIRO MAXIMA Third party deposits in rupiah currency, which is intended for Individuals and business entities who want

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Annual Report 2016

high interest on deposits but as flexible savings which may be withdrawn at any time without a limit by using a check / BG, ATM withdrawals and other media that is set by Bank BHI. TABUNGAN HARDA Third party deposits in Rupiah individually on BHI the withdrawal and remittance can be done during working hours cash, Savings It is reserved for customers who want mutation accounts in the form of Current Account (without passbook). Withdrawals can also be done using an ATM card in the machine BHI ALTO logo. TABUNGAN SUPER Third party deposits in Rupiah individually on BHI the withdrawal and remittance can be done during working hour cash, passbooks. Withdrawals can also be done using an ATM card in the machine BHI ALTO logo.



TABUNGANKU Third party deposits in Rupiah currency by individuals with easy and light requirements issued jointly by banks in Indonesia to promote a culture of saving and improving the welfare of the people. TIME DEPOSIT Third party deposits in Rupiah currency that can be withdrawn only after a certain period of time based on an agreement entered into by the customer. Timed Deposits 1, 3, 6, 12 months, or deposits on call (each time with confirmation to BHI 1 day in advance). LOAN PRODUCTS LOANS ACCEPTANCE (PA) Is a short-term working capital loan that are not too volatile Incidental and which may be withdrawn at any time with prior notice to the bank. LOAN ACCOUNT NEWSPAPER (PRK) Is a short-term working capital loans that are highly volatile, which may be withdrawn at any time without prior notice to the bank. LOANS WITH INSTALLMENT (PDA) It is a long-term investment credit that is used to finance investments whose repayment is expected to come from the investment proceeds or for refinancing / leaseback. Investment Financing, as follows: Purchasing of machinery for production, Financing of renovation of Ruko / Factory etc (except house), Commercial Property Financing. While Guarantees for Refinancing or Lease back in the form of: Vehicles (passenger vehicles, commercial vehicles or heavy equipment vehicles) Machines or property previously obtained through credit at Bank BHI or that have been financed by the company first. MOTOR VEHICLES LOAN (KIKB) It is a long-term investment credit used to finance the purchase of new or used vehicles that are used to support business activities (investments) or for commercial purposes / rental where the loan repayment is expected to come from the investment proceeds.

Financial Statement

BACK TO BACK Credit facilities were in-cover with cash collateral in the form of block Current Account and Time Deposit. CAR OWNERSHIP LOAN (KPM) A medium-term consumer loans were used to finance the purchase of new or used vehicles that are used for personal gain. CREDIT MULTI FUNCTION (KMF) Soft loans without collateral are useful for various purposes intended for employees working in the company. BANK GUARANTEE Collateral in the form of paper or a letter issued by the Bank, which the Bank pledged and committed themselves to pay to the insured if within a certain time period and with a predetermined condition guaranteed party cannot fulfill obligations (wan achievement). TREASURY Contribute to maintain the condition bank liquidity is whole and ensuring adequate liquidity remains unfulfilled to support the growth of the Bank's business as well as manage the risks associated interest balance sheet. Revenue from Treasury is a income fee-based income were contributed from income securities. SERVICES SAFE DEPOSIT BOX A storage box rental property or securities that are specifically designed. SDB Bank BHI is your best friend in keeping valuable objects. ATM A facility provided by the Bank to ease customer transactions with an ATM card. Bank BHI in cooperation with ALTO ATM network which provides access throughout Indonesia. AUTHORIZED MONEY CHANGER The facilities for the trade of buying and selling foreign currency / exchange.

HOUSING OWNERSHIP LOAN (KPR) It is a long-term consumer loan used to finance the purchase of new or used residential properties for their own use. The example of financing is as follows: • Purchase of residential houses. • Purchase of apartments. • Purchase of flats. • And other similar financing.

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Company Profile

Management Report


Office Network

Pekanbaru

Pontianak

Jatabek Bandung

Solo

In 2016, Bank BHI continue to optimize the operational activities in the branches by staying focused on the area that became the center of business activity and the indonesian economy Description Head Office Bra nch Office Sub Bra nches Ca s h Office Total Offices

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Annual Report 2016

2016 1 9 7 2 18

Surabaya


Financial Statement


8 Big City in Indonesia

18 Branches

While the operational area of Bank BHI covers: Areas Ja ka rta Ta ngera ng Beka s i Ba ndung

Branches 10 1 1 1

Areas Sura ba ya Solo Pontia na k Peka nba ru

Branches 2 1 1 1

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Management Report

Board of Commissioners Profile

Standing from Left to Right Novita Hakim, R. Soedaryatmo Yosowidagdo Sit: Bernardus Dwibyantoro

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Annual Report 2016

Company Profile




Financial Statement

Born in Cimahi, September 14, 1955. Minutes career in the banking world for more than 20 years with various strategic positions, as Head of Main Branch, Head of Division and Board of Directors at various National Private Banks. Prior to joining Bank BHI in 2013, he served as Vice President Director of Bank Kesawan (20002006). In addition to working in the banking world has experience also manage the aviation industry sector, property, hotels, and power plants. Completed formal education from Strata 2 Management (Master of Business Administration) IPPM (1989) has attended BSMR Executive Level in April 2005.

Bernardus Dwibyantoro Independent Commissioner

Born in Solo, December 29, 1943. Completed formal education from Economic Accounting University of Indonesia (1969). Beginning his career as Accounting Staff of PT All Indonesian Enterprises (Allient) (1964-1971); Internal Controlling Staff of Bank Ekspor Impor Indonesia (1970-1973); PT Private Development Finance Company of Indonesia (1973-1982); Accounting & Financial Management Instructor IMPM (1983-1985); General Manager Finance & Accouting PT Nutricia Indonesia (1988-1990); With the provision of experience since the beginning of his career, ushered into Managing Director of PT Deraya Air Service (1990-1992); Business Development Director of PT Mayatex (1995-1996); Vice President Director of PT Bogor Ventura (1996-1997); President Director PT Indocitra Finance (1997-2001) and since 2001 until now he is Senior Consultant Finance & HRD. Joined Bank BHI since 2007 and until now has been an Independent Commissioner has attended BSMR level III program. R. Soedaryatmo Yosowidagdo Independent Commissioner

Born in Jakarta, May 9, 1974, completed a Strata I formal education in the Bussines Administration field at University of Southern California (1995) and Strata II in the same field at Loyola Marymount University (1996). He started his career as a Commissioner at PT Varia Interperkasa (VIP) (1997-present); Commissioner of PT Varia Intra Finance (VIP) (1997-Present); Commissioner of PT Putra Hakim Perkasa (HPP) (1997-2014); President Director of PT Redialindo Mandiri (RM) (1998-Now), Commissioner of PT Asean Motor International (AMI) (2001-Now); President Commissioner of PT BPR Varia Centralarta (2002-2015); And Commissioner of PT Asia Putra Perkasa (2008-Now). Joined Bank BHI since 21 September 2016 has attended BSMR level I program.

Novita Hakim Commissioner

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Management Report

Board of Directors Profile

Standing from Left to Right: Harry Abbas, David Fisher Kusnadi Sit: Barlian Halim

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Annual Report 2016

Company Profile




Financial Statement

Born in Kota Agung, November 21, 1969, completed his first formal education in Accounting Economics at Trisakti University (1991). He began his banking career as a Supervisor Audit at Bank Harapan Sentosa (1991-1993); As Head Audit at Bank Central Asia (1993-2000); As Credit Division Head at Mayora Bank (2000-2006): Branches and Head Office Control Head at Bank Danamon (2006-2008); As Accounting Payment and Control CREM Head at Bank Danamon (2009-2012); As Operation Risk Management Head SEMM (Executive Officer) at Bank Danamon (2012-2015). Joined Bank BHI as Director since December 1, 2015 and is currently trusted as Plt. President Director of Bank BHI, has followed Risk Management Certification Level IV 2015.

Barlian Halim Plt. President Director

Born in Jakarta, December 25, 1966. After completing his education at a management academy in Jakarta, Br. Harry Abbas between 1993 and 2016 worked on several Banks which are subsidiaries of the Bank of the world class (prime bank) including PT. Korea Exchange Bank Danamon (1993-1995), PT. Bank IBJ Indonesia (1995-2001), PT Bank Mizuho Indonesia (2001-2009) and PT Bank ICBC Indonesia (2009-2016). At the end of 2016, joined Bank BHI as Compliance Director, has attended Risk Management Certification Level IV Year 2011.

Harry Abbas Compliance Director

Born in Jakarta, December 7, 1970. Completed his formal education in Accounting Economics at Tarumanegara University (1995); Started his career at PT Asuransi Wahana Tata (Aswata) in Claim (1990-1995); Head of PT Bank Central Asia Tbk KCP Pasar Baru Tangerang (1995-1999); Head of KCP Mangga Dua Jakarta at PT. Bank Putera Multikarsa (1999-2000); Head of KCP Muara Karang & RS Pantai Indah Kapuk Jakarta at PT Bank Danpac Tbk (2000-2005); Chairman of KPO at PT Bank Multicor Tbk in Jakarta (2005-2008); Area Manager at PT Bank Windu Kentjana International Tbk (China Construction Bank) in Jakarta (2008-2016). Join Bank BHI as Business Director and effective after obtaining approval from the Financial Services Authority in January 2017, has attended Risk Management Certification Level IV of 2016.

David Fisher Kusnadi Business Director

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Management Report

Company Profile

Management Profile

Standing from Left to Right: Wan Maraden Sinaga, Hardi Rusyandi Sulaeman, Iwan Irawan Sitting fro Left to Right: Mariawati Tjitradinata, Aryanto Halawa, Wie Min, Martina Loloate Julianti Ujung

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Annual Report 2016




Financial Statement

Born in Tanjung Balai, April 3, 1964. Completed formal education at the University of Persada Indonesia S2 "YAI" Jakarta (1996). Experienced with early career as Finance Officer PT Santosa Asih Jaya (1989), Auditor and Tax Officer Public Accounting Firm (KAP) Rosse Touche Darmawan & Partners (1990-1991), Internal Audit PT Bank Ina Perdana (1991-1993), Planning & Control PT Bank Ina Perdana (1993-1996), Head of Internal Audit Unit PT Bank Ina Perdana (1997), Head of Banking Remedial PT Bank Ina Perdana (1998-2001), Head of Internal Audit Division of PT Bank Ina Perdana (2002) Head Risk Management unit PT Bank Ina Perdana (2002-2003), the Senior Audit Public Accounting Firm (KAP) Lodewijk Purba & Partners (2004), Head of Risk Management unit Bank BHI (2004-2006), the Audit Committee and Risk Monitoring Committee of Bank BHI (2007-June 2008), Head of Risk Management Unit Bank BHI (July 2008-2014), and 2015 until now as Head of Internal Audit Division of Bank BHI, has been Risk Management Certificated Level III. Wan Maraden Sinaga Audit Intern Head

Born in Sidikalang, March 3, 1981. Completed formal education S1 University of Methodist Indonesia Medan Social Economics Agricultural majoring (2003). Experienced early career as Finance Staff PT. Multifinance ITC (2003), Branch Operation in PT. Bank Rakyat Indonesia (BRI) (2004). Then continue his career in PT. Bank Danamon Indonesia, Tbk (2005-2016) in various positions including Cluster Operational Officer, BDI-Credit Reviewers Credit Approval Manager and Senior Manager-Operational Risk Management. Joined Bank BHI in 2016 as Head of Credit Division until today, has followed Risk Management Certification Level III.

Martina Loloate Julianti Ujung Credit Division Head

Born in Jakarta, November 27, 1964. Completing formal education S1 Jayabaya University majoring in Management (1989). Experienced early career as a staff officer of PT Golden Truly (1984-1985), Ass. Head of Human Resources PT Golden Truly Head Office (1985-1990), Ass. Head HRD PT Bank Surya (1990-1993), Head Department of HRD PT Bank Supreme (1993- 1996), Head Department of HRD PT Bank Metropolitan (1996-1999), PT Bank Metropolitan KKWT-IBRA Center (19992001), Ass. Head HRD PT Ramayana Lestari Sentosa Tbk (2001-2003), Division Head HRD PT Bank Asiatic (2003-2004), Department Head HRD PT Bank Akita (2004-2009), Department Head HRD PT Bank Mayapada (2009-2011). Joined Bank BHI in 2011 as HR Division Head until today, has followed Risk Management Certification Level I.

Mariawati Tjitradinata HR Division Head

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Management Report

Company Profile


Born in Manggar, April 6, 1977. Completing formal education S1 Accounting STIE YAI (2000-2004). He joined Bank BHI in 1996 as Treasury Operation Staff in 2008 was promoted as Head of Treasury Department in 2012 and until recently served as the Treasury Division Head, has followed Risk Management Certification Level III.

Wie Min Treasury Division Head

Born in Nias, July 11, 1977. Completing formal education S1 at the University in Jakarta. Experienced early career as a Accounting Staff at PT Bank Central Dagang (1997-1999), Accounting Staff at PT Bank Central Dagang-BBKU (1999-2000). Bank BHI joined in 2000 as a Staff Management Information System, and then in 2012 was promoted as the Operations Division Head and now as Finance, Planning & Control Division Head, has followed Risk Management Certification Level III.

Aryanto Halawa Finance, Planning & Control Division Head

Born in Cianjur, 12 September 1962. Completing formal education S1 Perbanas Jakarta majoring in Banking Management (1995). Experienced early career at Bank Dagang Nasional Indonesia (BDNI) from 1989-1998 in various positions. Beginning as Staff Operations and later as Branch Operations Manager, Chief Operating Officer of PT Bank Victoria Head Office for 2 years. He joined Bank BHI in 2004 as System Procedures Officer, promoted 2005 as Head of System Procedures, Ass. Operational Division Head in 2012 and 2015 until now as Operation Division Head, has followed Risk Management Certification Level II.

Hardi Rusyandi Sulaeman Operation Division Head

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Annual Report 2016



Financial Statement

Born in Purworejo, April 27, 1975. Completing formal education S1 Budi Luhur University Jakarta (2000-2004). Experienced early career as a staff Accounting & Financial Dept. PT Bank Ganesha (1997-1999), PT Bank Ganesha IT staff (1999-2005), Section Head IT PT Bank Ganesha (2005-2007), Department Head IT PT Bank Ganesha (2007-2010), Senior IT System Development PT Sorikmas Mining (20102011) , Senior Business Application Supervisor PT Nusa Halmahera Minerals (20112012). Joined Bank BHI in 2012 as IT Division Head, has followed Risk Management Certification Level III.

Iwan Irawan IT Division Head

Born in Jakarta, December 13, 1961. Graduated from the University of Kalpataru Jakarta formal S1 majoring in Management. Experience the beginning of his career as Head of Credit PT Bank Pelita Jakarta (1983-1990), Branch Bank CIC (1990-2002), Head of Region I of CIC to supervise some Outer City Branch (Surabaya, Denpasar, Makassar, Solo, Yogyakarta) (2002-2004), Head of Region I Bank Century with oversees 14 branches in Jakarta (2005-2009), Head of Region IV of Bank Century in charge of several branches Outer City (Surabaya, Denpasar, Makassar, Solo, Yogyakarta) (2009). Joined Bank BHI in 2009 as a Marketing Division Head until March 2017, has followed Risk Management Certification Level IV.

Jony Mulyawan Marketing Division Head

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Management Report

Company Profile

Branch Manager Profile

Sitting from Left to Right: Welly Salim, Rosalia Sri Redjeki, Meilia Kosasih, Djunaedi Alianto Sitting from Left to Right: Ferry Indrawan, Tiara Respati, Wati Tjandra, Lirani Tjendra, Irene Indaryani, Suharto

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Annual Report 2016




Financial Statement

SUHARTO Born in Tegal, 15 September 1976, completed the formal education of social and political strata of University Pasundan Bandung (1999). Experienced his career as Account Officer Business Banking in Bank ICB Bumiputera (2002-2013). Early joining Bank BHI as Branch Marketing Unit Head Cabang KPO (2013), Commercial Funding & Lending Business (2014), Branch Manager (Non Jakarta-B) Pekanbaru & Commercial Funding & Lending Business KPO (2015). Currently believed to be Branch Manager of KPO, has followed Risk Management Certification Level II.

Branch Operational Head Office

Tanah Abang

FERRY INDRAWAN Born in Serang, June 5, 1970. Completing formal education S1 Economics STIE YAI Jakarta (2005). Experienced career at Bank BCA beginning of the year 1989-2008 in various positions as Branch Teller Mangga Dua (1989-1994), Section Head Branch Mangga 2 (1994-1996), Autorized Branch Mangga Dua (1996-1998), Head of Operations (1998-2000), Branch Manager Class C Moh. Mansyur II (2000-2001), Branch Manager Class A (KCP Jembatan Lima) 2001-2006, Branch Manager Class A (KCP Glodok Plaza) from 2006 to 2008, Deputy Director of CV. Multi-Sport Indonesia (2009-2011). Bank BHI joined in 2012 as Head of Marketing. In 2013 through 2016 as Assistant Branch Manager LTC and is currently the Branch Manager of Tanah Abang, has followed Risk Management Certification Level II.

DJUNAEDI ALIANTO Born in Jakarta, October 15, 1963. Completing formal education S1 Economics at STIE SUPRA Jakarta (2005). Experienced career at Bank Central Asia in various positions and most recently as Vice Sub Branch Manager (1984-2013). He joined Bank BHI in 2014 as Branch Manager in LTC, then in 2015 became Branch Manager in Bekasi and today as Branch Manager in Tangerang, has followed Risk Management Certification Level II.

Tangerang

ROSALIA SRI REDJEKI Born in Pekalongan, May 15, 1968. Graduated from Computerized Accounting formal Bina Nusantara University (1994). Experienced early career as a National Commercial Bank Deposit Processor Branch Tanah Abang (1988-1989), Officer Development Program (ODP) Bank Umum Nasional (1989-1990), Account Officer of National Commercial Bank Branch Tanah Abang (19901992), Account Officer Bank Central Dagang in Tanah Abang (1992-1994). She joined Bank BHI in 1996 as Branch Manager in Tanah Abang and reassigned as Chief Operational Head Office 2014 until January 2017, Branch Manager in Sub Branch Panglima Polim, has followed Risk Management Certification Level II. Panglima Polim

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Management Report

Company Profile


IRENE INDARYANI Born in Kendal, April 8 1967. Graduated from the Academy Secretary formal Santa Maria Marsudirini Semarang (1989). Experienced early career as Secretary of the National Commercial Bank Marketing Semarang (1991-1995), Head of Customer Service and Product Officer Junior Aspac Bank (1995-1998), Account Officer and Branch Manager Dutamas Fatmawati Danpac (1999-2005), Branch Tomang Bank Century (2005-2008), Puri Indah Branch Manager, Branch Manager Brass & Fatmawati Bank Mutiara (2008-2014). Joined Bank BHI in 2015 as Sub Branch Manager Panglima Polim until 2016 and today as Sub Branch Manager Kelapa Gading, has followed Risk Management Certification Level II. Kelapa Gading

WATI TJANDRA Born in Rangkas Bitung, January 15 1970. Complete education formal public high school Rangkas Bitung (1985-1988). Experienced early career as a Branch Teller BUN Tanah Abang (1989-1993), Head Teller BUN Tanah Abang branch (1993-1996). Joined Bank 1996-2005 BHI years as Sub Branch Manager in Tanah Abang, Head of Cash Office in Tanah Abang (2005-2015), Head of Jatinegara Sub Branch (2015 to August 2016). Currently a Sub Branch Manager in LTC, has followed Risk Management Certification Level II.

Lendeteves Trade Center (LTC)

MEILIA KOSASIH Born in Bagan siapi-Siapi, May 7, 1966. Completing formal education S1 UKRIDA Management Economics (1985-1990). Experienced early career as a Staff Section Credit Bank Prima Express Sub Branch Kapuk (1989-1994), Head of Tanah Abang Sub Branch Prasidha Bank (1995-2000), Bank Fama Internasional Branch Tanah Abang (2001-2012). Joined with Bank BHI in 2012 as Sub Branch Manager in Muara Karang until today, has followed Risk Management Certification Level II.

Muara Karang

LIRANI TJENDRA Born in Jakarta, February 1, 1964. Completed formal education S1 Financial Management & Banking STIE Tri Dharma Widya, Jakarta (1984). Experienced early career as Head Teller PT Bank Danamon (1983-1991), Head of Cash Office Metro Atom Pasar Baru Bank Danamon (1992-1996), Vice Branch Manager Bank Perniagaan (1996-2000), Account Officer Bank Mitra Niaga Sub Branch Mangga Dua (2004-2008), Relationship Manager Hana Bank Sub Branch Mangga Dua (2008-2011). Bank BHI joined in 2011 Sub Branch Manager in Gajah Mada and now as the Sub Branch Manager Jatinegara, has followed Risk Management Certification Level II. Jatinegara

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Annual Report 2016



Financial Statement

WELLY SALIM Born in Jakarta, October 4, 1983. Completing formal education S1 Economics STIE Trisakti majoring in Marketing Management (2008). Experienced career as an Account Officer at Bank Jasa Jakarta (2006-2008), then Relationship Manager in Bank Nusantara Parahyangan (20082011), SMB Team Leader at Bank Panin (2011-2013), Senior Business Development Manager Bank Ekonomi (2013-2014), Branch Manager at Hana KEB Bank Indonesia (2014-2015). With the experience of previously owned, since November 2016 until today appointed as Sub Branch Manager of Bank BHI, has followed Risk Management Certification Level I. Jembatan Lima

TIARA RESPATI Born in Jakarta, August 19 1971. Graduated form faculty of law at Trisakti university (1990-1996). Experienced career as Assistant and Marketing Service Bank Tiara (1997-2000); AO Danpac (2001-2004); Branch Manager of Bank Century Panglima Polim (2004-2006); Mortage Loan Department Head of Bank Mutiara (2007-2012). Bank BHI joined in 2012 as Sub Branch Panglima Polim and now as Sub Branch Manager Bekasi, has followed Risk Management Certification Level II.

Bekasi

Bandung

YANA MULYANA MUKSID Born in Bandung, 26 July 1974. Completing formal education S1 Bandung School of Economics majoring in Accounting (1998). Experienced early career as a Foreign Exchange Dealer PT Mutiara Graha Binaartha (1999-2001), Chief Foreign Exchange Dealer PT Lautan Pacific Multiartha (2001-2002), Senior Wealth Management Sales Officer of PT Prima Financial Facility (2002-2004), Sales Officer of SME Bank Danamon (2004-2006), Account Officer Business Banking ICB Bumiputera (2006-2009), Team Leader Commercial & SME Bank Mega (2009-2012), SubBranch Manager of Bank Mega Branch Bandung Rajawali (2012-2013), SME Branch Manager of Bank Mega Branch Ujung Berung Bandung (2013-2014), SME Business Manager Bank Mega branch Soekarna Hatta Bandung (2014-2015), SME Business Manager Bank Mega Branch Rajawali Bandung (2015). He joined Bank BHI in 2015 as Branch Manager of Bandung until now, has followed Risk Management Certification Level II.

RONNY SUTIONO GUNAWAN Born in Mojokerto, January 6, 1966. Completing formal education S1 Economics Merdeka Malang University (1989). Experienced career as Relationship Officer General Account in Bank Internasional Indonesia (1991-2007), Consumer Banking Manager at Bank OCBC NISP (20072009), Assistant Branch Manager at Bank Mega (2009-2011), Financial Manager at Maybank Indonesia (2011 -2016). Bank BHI joined in November 2016 as Branch Manager Branch Rajawali Surabaya until now, has followed Risk Management Certification Level III.

Surabaya Rajawali

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Surabaya Bratang

Management Report

Company Profile


SOENANDAR Born in Sidoarjo, January 24, 1974. Graduated from Faculty of Economics, University Putra formal Nations (1997). Experienced early career as an Account Officer Central Bank of Commerce Sub Branch Pasar Atom Surabaya (1993-1994), Tamara Bank Account Officer Sub Branch Kedungdoro Surabaya (1994-1999), Team Leader Tata Surabaya Bank Account Officer (1997 - 1999), Marketing & Purchasing Export Division PT Dharmabusana Eloksinggasana (19992000), Head of Marketing Bank Bisnis International Surabaya (2000-2004) and most recently as Head of Branch of Bank Kesawan Ngatel Surabaya Branch (2004-2006). He joined Bank BHI in 2006 as Branch Manager of Surabaya-Bratang today, has followed Risk Management Certification Level II.

ANTON PRAMONO CAHYONO Born in Magelang, April 19, 1985. Completing formal education S1 Surabaya University majoring in Computer Science. Experienced career as early as MDP Bank Sinar Mas Solo Branch (20082009), Account Officer Bank Sinar Mas Branch Jember (2009-2009), Account Officer Bank Sinar Mas Solo Branch (2009-2011), Sub-Branch Manager of Bank Sinar Mas New Solo Branch (20112013), Branch Manager of Bank Sinar Mas Branch Bengkulu (2013-2013), Sub-Branch Manager of Bank Bumi Arta KCP Urip S. Solo (2013-2015). He joined Bank BHI in 2015 as Branch Manager Solo until now, has followed Risk Management Certification level II. Solo

WANTI Born in Pontianak, October 7, 1978. Completing formal education S1 Management in STIE Widya Dharma Pontianak (2002). Experienced career as a Customer Service in Bank Permata (20012004), then at Bank Mega Marketing Staff (2004-2009), Account Officer at Bank Mayapada (2009-2013). Joining BHI in 2013 as Branch Manager of Unit Head Branch Pontianak. At this time believed to be the Acting Branch Manager Pontianak, has followed Risk Management Certification Level I.

Pontianak

NENNY WIANA Born in Padang, January 6, 1977. Completing formal education S1 in Bandung Islamic University (2001). Experienced career as a Data Entry and Validation card in Telkomsel (2004-2006), then Sales Manager at Megalife (2006-2007). Experienced career in banking as Retail Banking Officer at Bank Danamon (2008-2010), Personal Banking Officer at Bank BTPN Sinaya (2011-2013), Branch Manager at Bank Danamon (2013-2016). Joining Bank BHI in September 2016 to the present as a Branch Manager of a branch of Pekanbaru until March 2017, has followed Risk Management Certification Level I. Pekanbaru

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Annual Report 2016


Financial Statement


Employee Profile Composition of Number of employees Fixed Based Organization Level Level Commi s s i oner Audi t Commi ttee Ri s k Moni tori ng Commi ttee Boa rd of Di rectors Executi ve Offi cer Ma na ger Supervi s or Sta ff Total

2016

2015 2 1 1 3 22 42 14 226 311

% 3 1 1 3 22 46 14 224 314

0.64% 0.32% 0.32% 0.96% 7.07% 13.50% 4.50% 72.67% 100.00%

0.32% 0.96% 7.07% 0.64%0.32%

Commissioner

13.50% Audit Committee Risk Monitoring Committee Board of Directors Executive Officer

4.50% 72.67%

Composition of Permanent Employees by Age Age

2016

< 25 Yea rs 26 - 30 Yea rs 31 - 40 Yea rs 41 - 50 Yea rs > 50 Yea rs Total

2015 30 57 98 104 22 311

7.07%

% 22 67 101 103 19 312

9.65% 18.33% 31.51% 33.44% 7.07% 100.00%

9.65% 18.33%

< 25 Years 26 - 30 Years

33.44%

31 - 40 Years 41 - 50 Years > 50 Years 31.51%

Composition of permanent employees by Education Level Level

2016

Pos tgra dua te Ba chelor’s Diploma Non Diploma Total

2015 9 185 44 73 311

% 11 173 47 81 312

23.47%

2.89% 59.49% 14.15% 23.47% 100.00%

2.89%

Postgraduate Bachelor’s Diploma

14.15%

Non Diploma 59.49%

Composition of Number of Employees by Employment Status Number of Employees Perma nent Contra ct Total not including Outsource Outs ource Total including

2016

2015 309 2 311 97 408

EMPLOYEE DEVELOPMENT Good employee competency development hard skills or soft skills became one of the important programs Bank BHI, include: • Equip themselves with the mechanisms, systems and policies are expected to support the operational activities of human resource management in order to generate appropriate performance and even exceed the expectations expected. • Improve the working system in each unit by changing the mindset or the mindset of employees who usually work alone (individualist) to work within a team.

312 2 314 98 412

% 75.74% 0.49% 76.23% 23.77% 100.00%

•

•

•

23.77% Permanent Contract

0.49%

Outsource 75.74%

Optimizing the function of each employee with the urge to always be pro-active in all the problems that exist in each work unit so that each existing error rate can be minimized. Provide training / Work Ethics training to any bank officials in order for the bank officials can be the driving force in each of their respective working unit. Provide training / training to each employee by Professional Certification training in accordance with the position of each work that aims to make every employee can understand the duties and responsibilities of each job in order to minimize the risk will occur.

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Company Profile

Management Report

Organization Structure

- AUDIT COMMITTEE - RISK OVERSIGHT MONITORING COMMITTEE

BOA

- REMUNERATION & NOMINATION COMMITTEE

INTERNAL AUDIT

PR

BUSINESS DIRECTOR

TREASURY DIVISON

MARKETING DIVISON

CREDIT DIVISON

OPER

OPERATIONS DIVIS

Remedi a l & As s et Recovery

Dea l i ng Room

Commerci a l Fundi ng & Lendi ng Bus i nes s

Credi t Ri s k & Revi ew

Centra l Proces

Ri s k Ma na gement

Trea s ury Opera ti on

Reta i l Fundi ng & Lendi ng Bus i nes s

Lega l & Credi t Admi n Support

* Cl ea ri ng Settl em

Product Dev. Promoti on & SQ

Credi t Qua l i ty Control & Moni tori ng

(BI, RTGS, SKN)

* Ba ck Offi ce (Sun Corpora te Lega l

Loa n Admi n Ce

Appra i s a l

Ca s h & ATM Ce

Opr. Hel p Des k & Center

43

Annual Report 2016


Financial Statement


ARD OF COMMISIONER

- ASSET & LIABILITY COMMITTEE - CREDIT POLICY COMMITTEE - LOAN COMMITTEE

RESIDENT DIRECTOR

- RISK MANAGEMENT COMMITTEE - STRATEGY PLANNING & BUDGETING COMMITTEE - HUMAN RESOURCES COMMITTEE - INFORMATION TECHNOLOGY STEERING COMMITTEE

RATION & CREDIT RISK DIRECTOR

COMPLIANCE DIRECTOR Corpora te Secreta ry

SION

FINANCE, PLANNING & CONTROL DIVISION

s i ng

Accounti ng & Ta x

Softwa re Devel opment

Recrui tment & Sel ecti on

Reporti ng Center

H/W & Network Comm.

Tra i ni ng & Devel opment

* Centra l Ba nk Reporti ng * OJK/Ba pepa m Reporti ng

IT Opera ti on & Hel p Des k

Pa yrol l & HR Admi n.

Ba nki ng Opera ti on Control

Appl i ca ti on Ma i ntena nce

Genera l Affa i rs

ment

INFORMATION TECHNOLOGY DIVISION

HUMAN RESOURCES DIVISION

Compl i a nce

ndri es )

enter

enter

* CBS Li a s on Offi cer

& Ca l l

Sys tem & Procedures

BRANCHES

SUB BRANCHES

2016 Annual Report

44


Company Profile

Management Report


Composition of Stakeholder Composition of shareholders per December 31, 2016 DESCRIPTION PT Haki mputra Perkas a Kwee Si nto Communi ty (under 5%) TOTAL

SHARES 2,651,961,000 198,039,000 800,000,000 3,650,000,000

PERCENTAGE (%) 72.66% 5.42% 21.92% 100.00%

SHARES 2,651,961,000 198,039,000

PERCENTAGE (%) 72.66% 5.42%

Shareholders Who Owns 5% or More Shares DESCRIPTION PT Hakimputra Perkasa Kwee Sinto

The majority shareholder of Bank BHI now PT Hakim Putra Perkasa (HPP), which is Holding Company of several companies, engaged in the field of financial. Besides being a shareholder in Bank BHI, the company is also a shareholder in BPR Centra Varia Artha and BPR Cahaya Wira Putra. The share ownership of PT Hakim Putra Perkasa are as follows: SHARES OWNERSHIP Rachman Hakim Jefry Hakim Then Theres ia Florean Novita Hakim Leny Hakim

SHARES 118,300,000 47,320,000 23,660,000 23,660,000 23,660,000

OWNERSHIP 50.00% 20.00% 10.00% 10.00% 10.00%

Shareholding by the Commissioner and Director DESCRIPTION Bernardus Dwi byantoro Novi ta Haki m Robertus Soedaryatmo Y. Di rektur Di rektur Di rektur

POSITION Komi s ari s Utama Independen Komi s ari s Komi s ari s Independen Barl i an Hal i m Harry Abbas Davi d Fi s her Kus nadi

SHARES OWNERSHIP 0 0 0 0 0 0

List Subsidiary and / or Associated As of December 31, 2016, the Bank does not have subsidiaries or associates.

45

Annual Report 2016

PERCENTAGE (%) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%


Financial Statement


Structure Group Companies PT. Hakim Putra Perkasa is the controlling shareholder of Bank BHI with a stake of 72.66%. Bank BHI, PT Hakim Putra Perkasa has two other subsidiaries, namely: 1. BPR Varia Central Artha 2. BPR Cahaya Wira Putra PT. Hakim Putra Perkasa is an investment company engaged in venture investments in subsidiaries. Below is the structure of the group of companies:

Rachman Hakim

Jefry Hakim

50.00%

20.00%

Then Theresia Florean 10.00%

Novita Hakim 10.00%

Leny Hakim 10.00%

73.00% BPR Varia Central Artha

Community 21.92%

Kwee Sinto 5.42%

PT. Hakim Putra Perkasa 72.66% BPR Cahaya Wira Putra 98.00%

PT Bank Harda Internasional Tbk

2016 Annual Report

46


Management Report

Company Profile


Supporting Institutions and Professionals of the Capital Market at The Time of The 2015 IPO

EFFECTS OF INSURANCE CORPORATION

PUBLIC ACCOUNTING FIRM

PT. LAUTANDHANA SECURINDO

KAP Gani Sigiro & Handayani

Wisma Keiai Jl. Jend. Sudriman Kav 3, Karet Tengsin Tanah Abang, Jakarta Pusat 10250 Telp. (021) 57851818

15th Floor International Financial Centre Jl. Jendr. Sudirman Kav. 22-23 Jakarta Selatan, 12920 Telp. (021) 571 0703

LAW CONSULTANT

SECURITIES ADMINISTRATION BUREAU

WECOLAW

PT DATINDO ENTRYCOM

Jl. Blora No. 31 Menteng, Jakarta Pusat (021) 3917228

Wisma Sudirman Annex Jl. Jend. Sudirman Kav 34, Karet Tengsin Tanah Abang, Jakarta 10220 Telp. (021) 570 9009 Faks. (021) 570 9026 Website: www.datindo.com

15th Floor

47

Annual Report 2016



Financial Statement

Chronological Listing of Shares

PREPARATION PHASE Plan Go public The Company started from 2014 and since that year began to make the selection for the selection of agencies and professions, including making changes to the Articles of Association. The chronology in brief is as follows: 1. Split shares (stock spilled) from Rp 1.000.000, - per share to Rp 100 per share. 2. Issued and paid capital increase of Rp 146 billion, (one hundred and forty-six billion rupiah) to Rp 285 billion, - (two hundred and eighty-five billion rupiah). 3. Enhancement capital basic from Rp 200,000,000,000, - (two hundred billion) to Rp 1,000,000,000,000, - (one trillion). 4. Amendment will include changes in the Company's status from closed to open and to approve issuance of shares to be sold to the public as much as Rp 800,000,000, - (eight hundred million) shares. IMPLEMENTATION PHASE The implementation phase is carried out as follows: 1. Mini Expose took place on April 20 2015 took place in the Indonesia Stock Exchange (BEI).

2.

3.

4.

5.

6.

Due Diligence Meeting & Public Expose took place on July 13, 2015 in the Ballroom of ASEAN Tower 9th Floor, New Market - Central Jakarta. Offer Shares; Effective statement by the Capital Market Supervisory Financial Services Authority was obtained on July 31, 2015. The length of public offering took place on August 4, 2015 to August 6, 2015. Rationing; In definite rationing deals(Fixed allotment) limited to an amount equal to 98% of the number of shares offered and the remaining maximum of 2% will be centralized allotment (pooling). Recording on the Stock Exchange; Effective recording Bank BHI shares with the stock code BBHI on the Stock Exchange was held on August 12, 2015. By offering shares to the public as much as Rp 800,000,000, - (eight hundred million) shares with a total nominal value of Rp 80,000,000,000, (eighty billion), or by 21.92% of the capital has been paid in full after the IPO, then the paid-up capital of the Company after the IPO amounted to Rp 365 000 000 000, - (three hundred sixty five billion rupiah). The proceeds from the IPO is Rp 120, - per share of a nominal value of Rp 100, - per share was Rp 100,000,000,000 (one hundred billion rupiah).

2016 Annual Report

48


Management Report

Company Profile


Name and Office Address HEAD OFFICE Asean Tower, 2-3 Floor Jl. KH Samanhudi No. 10 Jakarta 10710 Telp. (021) 3841178 Fax. (021) 3841022, 3841023

JATABEK REGION

BRANCHES OFFICE

SUB BRANCHES OFFICE

KANTOR PUSAT OPERASIONAL ASEAN TOWER, 1 Floor Jl. KH Samanhudi No. 10 Jakarta 10710 Telp. (021) 3841088 Fax. (021) 3852579

PANGLIMA POLIM Grand Panglima Polim Raya Jl. Panglima Polim Raya Kav. 19 Jakarta Selatan 12130 Telp. (021) 7397532, 7397533 Fax. (021) 72799114

MUARA KARANG Jl. Pluit Karang Raya No. 26 Blom CC 5 Selatan Kav. 44 Jakarta Utara 14440 Telp. (021)6604108 Fax. (021) 6679622

TANAH ABANG Jl. Fachrudin 36 Blok A No. 16-17 Tanah Abang Jakarta Pusat 10250 Telp. (021) 3926618 Fax. (021) 3802486, 3801836

KELAPA GADING Jl. Boulevard Barat Raya, Blok C No. 30 Komp. Ruko Inkopal Jakarta Utara 14240 Telp (021) 4528746 Fax. (021) 4524317

JATINEGARA Jl. Otista Raya No 40-A Jatinegara Jakarta Timur 13310 Telp. (021) 2801386 Fax. (021) 85909656

TANGERANG Plaza Merdeka Mas Jl. Merdeka Blok C 1-2 Cimone Tangerang 15114 Telp. (021) 55768875 Fax. (021) 5582292

LINDETEVES TRADE CENTER Lantai GF Blok RA1/68 dan Blok C30/8 Jl. Hayam Wuruk No.127 Jakarta Barat Telp. (021) 26071311, 26071322 Fax. (021) 26071255

BEKASI Ruko Pusat Megah Jl. Cut Mutia Blok A No. 4 Bekasi Timur 17113 Telp. (021) 8812250 Fax. (021) 88349213

JEMBATAN LIMA Jl. KH. Moch. Mansyur No. 120-D Jembatan Lima Jakarta Barat 11210 Telp. (021) 6323339 Fax. (021) 6304251

CASH OFFICE

TANAH ABANG Pasar Tanah Abang Blok B Lantai 5 Unit Kantor 1 Jl. Fachrudin Jakarta Pusat 10250 Telp. (021) 23574337 Fax. (021) 23574336

49

Annual Report 2016

TAMAN PALEM Sekolah Pelita Kasih Komp. Taman Palem Lestari Blok E9/1 Cengkareng, Jakarta Barat 11730 Telp. (021) 55956909 Fax. (021) 55956909


Financial Statement


OUTSIDE OF JATABEK

BRANCHES OFFICE SURABAYA BRATANG Kompleks Ruko RMI Jl. Bratang Binangun Blok J/3 Surabaya 60284 Telp. (031) 5029939 Fax. (031) 5039170

SURABAYA RAJAWALI Jl. Rajawali No. 49-M Surabaya Utara 60175 Telp. (031) 3535333 Fax. (031) 3520200

BANDUNG Capitol Plaza Jl. Jend Sudirman No. 91-C Bandung 40241 Telp. (022) 4212270 Fax. (022) 4212271

SOLO Jl. Gatot Subroto No. 190 A-B Solo 57153 Telp. (0271) 666677 Fax. (0271) 635991

PONTIANAK Jl. Imam Bonjol No. 567 Pontianak 78124 Telp. (0561) 762838 Fax. (0561) 762906

PEKANBARU Jl. Jend Sudirman No. 68 E-F Pekan Baru 28152 Telp. (0761) 44777 Fax. (0761) 43600

2016 Annual Report

50


Management Report

Company Profile


Management Discussion & Analysis

Always Be Trusted Business Companion Bank BHI has a network that focuses on Jatabek, Bandung, Surabaya, Solo, Pontianak, Pekanbaru, and the surrounding region that is the center of business and economic activity Indonesia

51

Annual Report 2016


Financial Statement


Economic Review WORLD ECONOMY The global economic uncertainty. Not only the impact of the developed countries foundation of a macroeconomic.

situation in 2016 was filled by developing countries are feeling economic slowdown, but also which incidentally have the relatively strong domestic

The global economy is projected to grow slightly faster into 2.7% in 2017 after low growth last year with a reduction of barriers in emerging markets and commodity-exporting developing countries, while domestic demand remains strong in the commodity importing countries. Growth economy countries advanced is projected to rise to 1.8% in 2017, according to the World Bank report entitled Global Economic Prospects issued in January 2017. The Fiscal stimulus in major economics – particularly the US – could generate domestic and global growth faster than expected despite rising trade protectionism could bring challenges. Economic growth in the market and developing countries as a whole could rise to 4.2% this year from 3.4% in the year just ended amid commodity price rises slowly. However, the projection of the future is still uncertain about the direction of policy in major economies. A prolonged period of uncertainty which could prolong the slow growth investments that are currently inhibiting low-income countries, middle, and high. Emerging market and commodity-exporting developing countries is projected to evolve to 2.1% in 2017 after growth A very low 0.3% in 2016, as the recovery price commodity and continuing Russia and Brazil growth after the recession. By contrast, commodity importing developing countries is expected to grow 5.6% this year, slightly below the estimated growth in 2016 of 5.7%. China is projected to continue slowing growth to a level of 6.5%. However, the overall outlook for emerging markets and developing countries faced challenges from weakening international trade, investment falls, as well as the lack of productivity growth. Among the advanced economies, growth in the United States is projected to rise to 2.2%. As rising growth after weak manufacturing and investment in 2016.

INDONESIAN ECONOMY Indonesian Economy in 2016 grew by 5.02% or higher compared to that in 2015 which amounted to 4.88%. On the production side, the highest growth by Business Sector Financial Services and Insurance by 8.90%. On the expenditure side the highest growth achieved by the Institution Consumption Expenditure Components Non-Profit which serves Household of 6.62%. Graph Growth and Distribution Some Business Sector 2016 (percent) GDP by Industrial Origin 10.00% 8.00%

8.90%

8.87% 7.80%

6.00% 4.00% 2.00%

4.20%

3.62%

1.70%

0.00% Financial Services and Insurance

Infocom

Growth

Other Services

Distribution

Source: 2016 Indonesia Economic Growth, Badan Pusat Statistik (BPS)

Growth occurred in all business fields. Financial Services and Insurance reached the highest growth of 8.90%, followed by Information and Communication amounting to 8.87% and Other Services for 7.80%. On the expenditure side, the largest growth was Institution Consumption Expenditure Non-Profit the Serving Households (PK-LNPRT) of 6.62%, followed by Household Consumption Expenditure Component (PKRT) at 5.01% and Gross Fixed Capital Formation (PMBT) at 4.48%. Graph Growth and Distribution Some Components 2016 (percent) GDP by Industrial Origin 60.00% 50.00%

56.50%

40.00% 30.00%

32.57%

20.00% 10.00%

6.62%

1.16%

5.01%

4.48%

0.00% PK-LNPRT

PK-RT

Growth

PMTB

Distribution


2016 Indonesia's economic structure is dominated by a group of provinces in Java and Sumatra.

2016 Annual Report

52


Management Report

A group of provinces in Java the largest contribution to GDP, which amounted to 58.49%, followed by Sumatra Island of 22.03%, and 7.85% of Kalimantan Island. Graph Role in Formation of National GDP Island 2016 (percent) National GDP by Island 7.85%

2.46% 22.03% 3.13% 6.04%

58.49% Sumatera Sulawesi Kalimantan

Bali & Nusa Tenggara Jawa Maluku dan Papua


Bank Indonesia stated, in 2017 Indonesia's economy still tend conducive ie in the range of 5% to 5.4%, although still overshadowed by uncertainty Global Policy. Uncertainty global policy Increasing, especially Related agreement trade and normalization of policy interest rates in the US, contributing to the financial market turmoil in the fourth quarter of 2016. The turmoil in the stock market or the bond market surged up to the US presidential election in November. Risk of Indonesia's growth in 2017 include: policy uncertainty and financial turmoil continues, the sluggish global trade and weaker growth in developed countries, as well as the slowdown of the Chinese economy continues. Financial markets in the country are strong and relatively stable rupiah gave way to confront the emergence of turmoil after the course of the US presidential election on November 8. Advantages of Indonesian financial assets declined in the fourth quarter. BI monetary policy easing cycle also discontinued in the fourth quarter. Following the six cuts in the policy reference rates, the central bank kept interest rates steady at 4.75% in the fourth quarter 2016. The Bank stated that monetary policy has been accommodative and prospects for normalization of US interest rates sooner than originally expected is an excuse the main reason behind the decision to keep interest rates constant. Accommodative monetary policy settings have not been translated effectively to rate interest on loans and deposits, which declined only slightly.

53

Annual Report 2016


Company Profile

Bank Indonesia anticipation of recovery the slowdown in credit growth does not materialize in the fourth quarter, although there has been a small increase in growth in November. Weak credit growth is only partly explained by the upward trend in non-performing loans, which only rose by 7.87% (yoy). BANKING INDUSTRY In the midst of the improving condition of the Indonesian economy but the global economic recovery is still weak. The impact of global economic growth performance movement began to be felt directly by businesses. In 2016, the national banking industry continues to grow although it tends to slow down compared to the previous period. Global economic conditions and a challenging national macro influence performance industry national banks. However, the resilience of the banking industry remains strong with credit risk, liquidity and the market is maintained, and supported by an adequate capital adequacy ratio. Commercial Bank credit growth was recorded throughout 2016 only amounted to 7.87% (yoy) lower than 2015 at 10.45%. The increase in credit risk in some business segments requires the Bank to be more selective in extending new loans. Meanwhile, the growth of third party funds of 9.60% or higher if compared to the previous period at 7.27%. LDR Public Bank declined 1.41% to 90.70% in 2016. Graph Development of Commercial Bank Credit & DPK (in trillions of rupiah) Loan & Deposit Commercial Banks 7,000 6,000 5,000 4,000 3,000 2,000 1,000 -

4,413

4,058

TW IV

4,000

4,168

TW I

Loan

4,212

TW II

2015

4,837

4,605

4,575

4,469

4,377

TW III

6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% -1.00% -2.00%

TW IV

2016 TPF

% Loan

% TPF

Source: 2016 Banking Statistic Indonesia, Otoritas Jasa Keuangan (OJK)

As for the Bank BOOK I, along Loan growth in 2016 was recorded at -22.29% (yoy) or slightly improved compared to 2015, which amounted to -26.42%. Based on the data this decrease caused by the presence of some Bank BOOK I, which until December 2016 record itself as Bank BOOK II.



In addition, the effect of non-performing loans is the impact of the last period it seem still strongly felt. Business growth by applying the principles of carefulness (prudent) Bank credit growth slowed slightly BOOK I even declining. Meanwhile, the growth of third party funds of -28.92% or slightly improved compared to the previous period at -34.29%. BOOK I LDR Bank increased by 8.19% to 94.23% in 2016. This caused by the growth of bank loans BOOK I is greater than the growth in deposits. Graph Development Bank Credit & DPK BOOK I (in trillions of rupiah) Loan & Deposit Book I Banks 120

20.00%

100

10.00%

113 100

80

0.00%

93 79

60

71

40 20

-10.00% -20.00% -30.00%

86

84

74

64

67

TW IV

TW I

TW II

TW III

TW IV

-

-40.00% 2015 Loan

2016 TPF

% Loan

% TPF


FSA issued the policy implications related to debt restructuring intended to restrain the rate of decline in credit quality seems to affect repairs to the banking industry to stem the rise in non-performing loans. Graph Development of Commercial Bank and Bank NPL BOOK I (percent) Book I & Commercial Bank's NPL 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00%

2.83%

3.10%

3.05%

2.93%

2.49%

1.85%

TW IV

2.03%

2.23%

2.02% 1.72%

TW I

TW II

2015 % NPL Commercial Banks

TW III

TW IV

2016 % NPL Book I Banks


The ratio of non-performing loans (NPL) decreased slightly, recorded up to December 2016 Commercial Bank NPL position amounted to 2.93% or lower if compared to the period of September 2016 amounted

Financial Statement

to 3.10% while Bank BOOK I value NPL December 2016 amounted to 1.72% or lower when compared to September 2016 amounted to 2.02%. Bank BHI PERFORMANCE IN THE BANKING INDUSTRY Table Performance Bank BHI vs Bank BOOK I and Commercial Bank of the Year 2016 (in billion rupiah) Performance As s ets Loa n Thi rd Pa rty Funds Profi t Before Ta x Net Profi t Performance CAR ROA LDR NIM NPL Gros s BOPO

BHI 2,058 1,398 1,568 11 7 BHI 21.73% 0.53% 89.04% 5.41% 2.83% 96.24%

Book I Banks 100,103 66,902 70,997 1,438 861 Book I Banks 22.38% 1.43% 94.23% 6.30% 1.72% 88.09%

Commercial Banks 6,475,618 4,413,414 4,836,758 137,467 106,544 Commercial Banks 22.93% 2.23% 90.70% 5.63% 2.93% 82.22%


MARKET IN 2016 Bank BHI's market share compared with the banking industry average based on the amount of assets, total deposits and total loans and the ratio described in the table above. MARKET SHARE BY ASSETS Based on total assets, the Bank's market share of the Bank BHI BOOK I in 2016 amounted 2.06%, or slightly decreased from year previous. Through application steps strategic already set. Bank management BHI constantly striving to increase the total assets held by the relevant strategy with the projected performance of banks in 2017, especially Bank BOOK I. MARKET SHARE BY CREDIT Based on the amount of credit, the Bank's market share in 2016 reached 2.09 BHI% of the Bank BOOK I and at 0.03%, from Commercial Banks. Slowing credit growth occurred in 2016 was caused by several factors which include Bank BHI still faced with the settlement of nonperforming loans that the Bank BHI focus on improving the quality of loans granted by applying the principle of caution (Prudent). MARKET SHARE BY A THIRD PARTY FUNDS Based on the number of third party funds that have been collected, in 2016 the Bank BHI managed to gain market share at 2.21% of the Bank BOOK I and of 0.03% of the Commercial Bank. Bank BHI is committed to continue increasing the number of third party funds with plans and strategies that have been set for 2017.

2016 Annual Report

54



Company Profile

Management Report

Operational Review COMPARISON OF FINANCIAL RATIOS WITH AN AVERAGE INDUSTRY BANKS AND BOOK I Based on the Bank's financial ratios, capital adequacy ratio (CAR) in 2016 reached 21.73%. CAR ratio is still lower than the industry but the magnitude of the CAR is still well above the minimum requirement set by the regulator, which is 8%. Meanwhile, operating expenses than operating income (ROA) improved in 2016 became 95.56% from 124.94% in year 2015. This suggests that the Bank BHI has been able to improve its efficiency. However, the ROA ratio is still higher than the industry. Return on assets (ROA) increased significantly in 2016 became 0.50% of -2.82% in 2015, but still lower than the industry.. PROSPECTS IN 2017 In 2017, Indonesia's economic growth is projected to reach around 5.0% - 5.4% (yoy). It is supported by private consumption is still growing strong, the increase in government consumption as well as improving public and private investment. Moreover, with economic growth in Indonesia in 2016 that continues to increase. One of them is supported by strong household consumption and improving exports and investment performance. Household consumption grew strongly supported by the maintenance of purchasing power due to inflation control. The export performance showed improvement sustained increase in world trade volumes as well as prices for some commodities such as coal and palm oil. While In the banking system, Bank Indonesia estimates that the average credit growth 2017 amounted to 13.1% (yoy). Optimism credit growth was mainly driven by the growing conditions liquidity, the continued decline in lending rates and expected economic conditions getting better. See business prospects, the Bank BHI continue to strive to enhance the existing potential by maximizing available resources.

In running his business, Bank BHI provides banking products such as savings mobilization and lending funds to the community as well as providing other financial products and services, among others: 1. Savings product, comprising: Giro Product (Pure and Giro Giro Maxima), Product Savings (Savings Harda, Super savings and Savings) and deposits. 2. Credit products are classified based on customer segmentation which consists of Retail (< Rp 3 billion) and Commercial (≥ Rp 3 billion). 3. Products Treasury such transaction Money Market. 4. Products Safe Deposit Box. OPERATIONAL PERFORMANCE REVIEW AND PRODUCTS PER CUSTOMER SEGMENT Business bank operational performance is classified based on the performance of the products and services that are owned and customer segments. Performance is measured on the products and services of deposit products and credit performance, while the customer segment is Retail and Commercial. DEPOSIT PRODUCTS Deposit products are third party funds that have been collected by the Bank using various current accounts, savings and time deposits. Total third party funds collected by the Bank in 2016 experienced a slight decrease of 1.61 % to Rp 1,568 billion. The largest decrease occurred in deposits of Rp 25.5 billion or 1.88% then the Giro Rp 7.6 billion or 5.47%, as for Savings increased by Rp 7.4 billion or 7.20%. GIRO Total fund current accounts decreased by 5.47% from Rp 138.4 billion in 2015 to Rp 130.8 billion in 2016.

Table Total Third Party Funds (in million rupiah) DESCRIPTION Current Account Savi ng Account Ti me Depos i t TOTAL DEPOSIT CASA RATIO

55

Annual Report 2016

2016 130,798 109,667 1,328,013 1,568,478 15.33%

COMPOSITION 8.34% 6.99% 84.67% 100.00%

2015 138,370 102,300 1,353,523 1,594,193 15.10%

COMPOSITION 8.68% 6.42% 84.90% 100.00%

GROWTH (%) -5.47% 7.20% -1.88% -1.61% 0.23%



Graph of Giro Development for 5 Years Persentage (%)

Nominal (Rp million) 200,000

20.00% 152,329 130,116

150,000

15.00%

138,370

130,798

119,884

10.00% 5.00%

100,000

0.00% -5.00%

50,000

-10.00% -15.00%

-

-20.00%

2012

2013

2014

Giro

2015

2016

Growth (%)

SAVINGS Total fund savings products increased by 7.20% from Rp 102.3 billion in 2015 to Rp 109.7 billion in 2016. For two last year Bank BHI continue raise funds through product cost savings, look at the chart below which shows that savings continued to increase significantly. Graph of Saving Development for 5 Years Percentage (%)

Nominal (Rp 200,000

15.00% 10.00%

150,000

120,439 104,146

94,871

102,300

109,667

100,000

5.00% 0.00% -5.00%

50,000 -10.00% -

-15.00%

2012

2013

2014

Tabungan

2015

2016

Growth (%)

DEPOSIT The amount of funds product deposits decreased by 1.88% from Rp 1,353 billion in 2015 to Rp 1,328 billion in 2016. The decline is happening is the bank's strategy to maintain profitability in 2016 is considering Bank BHI credit growth declined slightly. Graph of Deposit Development for 5 Years Percentage (%)

Nominal (Rp million) 1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 -

30.00% 1,404,639 1,158,851

1,353,523

1,328,013

25.00% 20.00%

1,104,224

15.00% 10.00% 5.00% 0.00% -5.00% -10.00%

2012

2013 Deposito

2014

2015

Financial Statement

Along with the improving economic conditions in Indonesia, are expected to continue to increase the bank depositor funds in accordance with the projections that have been defined. Bank fund raising strategy is done by continuing to develop innovative products and improve quality. In addition, there are several programs that will do Bank BHI to support the increase in deposits: • Cooperation with insurance. • Utilization virtual account. • Promotional activities. • Settlement Bank for RB-RB will be incorporated in cooperation with ALTO Network. • Creating a program to encourage marketing do cross selling and up selling on the debtor to unlock financing products. • Completing fulfillment marketing funding in all branches. • Marketing Co-Branding ATM card. LOAN PRODUCTS Bank BHI credit products are classified based on customer segmentation which consists of Retail and Commercial. Total loans decreased by 7.10% from Rp 1,505 billion in 2015 to Rp 1,398 billion in 2016. RETAIL Credit Retail Bank BHI is a credit given to customers with a credit facility of up to Rp 3 billion. In 2016, an increase of 18.75% from Rp 392.3 billion to Rp 465.8 billion. Of total loans in 2016, credit Retail accounted for 33.31% and in 2017 will continue to be improved considering the prospect is promising. COMMERCIAL Credit Commercial Bank BHI is a credit given to customers by providing facilities over Rp 3 billion. In 2016 decreased by 16.21% from Rp 1,113 billion in 2015 to Rp 932.7 billion in 2016. Of the total loans in 2016, Commercial loans accounted for 66.69%. In order to improve the bank's credit, Bank BHI will make efforts, as follows: • Preparation of program products for Retail and Commercial. • Credit Repair Process. • Improve the effectiveness of the unit Credit Quality Monitoring with the help of technology. • Facilities training / training to increase knowledge and understanding marketing in perform credit analysis. • Providing early warning system (Early Warning System) starting from marketing as frontliner which then feed into the evaluation of the credit committee credit repair process.

2016

Growth (%)

2016 Annual Report

56


•

Conducting compliance with the number of AO Commercial which currently amounts to 5 to 16, assuming the placement of 1 AO Commercial for each branch with a new recruit or raise grade partly AO Retail currently numbering 34 people into AO Commercial.


Company Profile

Management Report

BUSINESS GROWTH PRUDENT FOCUSING ON SEGMENT RETAIL, COMMERCIAL AND CONSUMER In the midst of an economic slowdown that occurred since 2015, the national banking industry must increasingly keen to see the potential of the lines and the business sector which is that credit growth remains positive.

Table Amount of Credit Disbursed (in million rupiah) DESCRIPTION Retail Commercial TOTAL LOAN

2016 465,803 932,661 1,398,464

BUSINESS DEVELOPMENT STRATEGY IN 2017 Business development plan drawn up in order to achieve internal financial targets, improvement of business processes, improve customer satisfaction and have a qualified human resources, step strategy to support this plan are as follows: MANAGEMENT OF DEBTOR arrears AND COMPLETION OF THE DEBTOR TRAFFIC The impact of rising NPLs of credit quality in 2015 continued to be felt by the bank to this date. Increased troubled borrowers make bank NPL ratio is higher but slowly and surely in 2016, the Bank BHI has shown commitment for soon resolve the problem loans. Credit growth is slowing, with credit positions decreased compared to last year to make visible the performance of banks has decreased. Credit quality deterioration occurs not only at the debtor jammed group (collectability 3, 4 and 5), but also led to a decline in credit quality borrowers delinquent groups of up to 90 days (Collectable 2). Monitoring stringent over time allows the bank to anticipate the worst possibilities of each debtor. presentation of the report follow-up Comprehensive about the condition of each debtor problematic from time to time used as a monitoring and decision-making in the resolution of problem loans. If not well anticipated NPL can be very difficult for banks to earn profits and can inhibit the growth of the bank's operations because revenues cannot cover losses that loss must be tackled provision of capital will result in the limited supply of capital for business development. Therefore, the settlement of debtors in arrears and loss is a priority main treatment. In addition to the remedies also made an effort to keep each collectability (bucket) not to switch worse.

57

Annual Report 2016

COMPOSITION 33.31% 66.69% 100.00%

2015 392,264 1,113,071 1,505,335

COMPOSITION 26.06% 73.94% 100.00%

GROWTH (%) 18.75% -16.21% -7.10%

Segments Retail, Commercial and consumer could be selection of banks in lending because it has a degree of stability to a portfolio and NPL. The potential of this segment requires banking products that are supported by sophisticated technology. The consumer market is still a target is middle-middle income groups. The middle group is individual enough to be still survive in the economic situation is slowing. With the economy slowing its growth, sector this could potentially be mainstay in maintaining the performance of the national economy in order not to worsen and further enhance its role in growing the national economy. The Government continues to encourage increased access to finance for SMEs; including support for economic policy package, one of which is the strengthening of the rural economy and the expansion of KUR, which further confirms the government's commitment to foster SMEs. Credit characteristics Retail (SMEs) and consumers in general is that many debtors amount to a relatively low value of the loan. Spreading the risk of spread better compared with large credit. Risk management for debtors Retail of course in contrast to the debtor Commercial or Corporate. Seeing the existing conditions, the Bank BHI formulates some strategies such as: • Using (acceptance client criteria) as a parameter to specify the criteria for borrowers who believed • Amounted to much then adjusted to risk Appetite Bank BHI. • Implement strategies "Fast, efficient, safe and competitive" in order to win the competition in the market. • Applying the principles of lending prudent by using a credit analysis that to create the quality of credit quality and safety. • Provide a competitive product innovation and to compete with other banks.



IMPROVEMENT END TO END CREDIT PROCESS Completion of Credit Initiation Process: • Process review. • Credit approval process. • The binding process. • The process of accounting / credit disbursements. • Process monitoring. These processes are a single entity in which each unit performs its functions in an integrated manner in accordance with provisions to ensure output which reached a maximum of measures of quality and time. This functional processes in 2017 will continue to be refined to achieve process management accepted which make a positive contribution to the performance of the Bank. With the passage end to end process in cross functional involving the credit function, function marketing, IT operational functions and integrated manner so that the overall operation to be optimal. In order to produce the credit process that is fast, safe, quality and competitiveness, then there are four things that become the focus of improvement: 1. Initiation process improvement (making process credit proposal by Account Officer) by using form standards for Credit and Loan Program Commercial. 2. Process review (quality credit analysis and measurable SLA) and the separation unit analyst for Credit and Loan Program Commercial. 3. Process approval by Credit Committee (decision-making mechanism) with the establishment of the credit committee quorum in the appropriate limit. 4. Bookkeeping and loan disbursement process. Monitoring activity must continue to be done after the credit is recorded and liquefied (post disbursement monitoring). Followed by an increase in the effectiveness of the unit Credit Quality Monitoring supported by technology that integrates with IT / Temenos; including: 1. Fulfillment to be Obtain items in a timely manner. 2. Fulfillment of work items in accordance with the account management consistently (call visit, extension amenities credit, fulfillment administrative and financial obligations in a timely manner). 3. Monitoring of the documents that will be due and payment.

Financial Statement

SYSTEM DEVELOPMENT MONITORING AND EARLY WARNING (EARLY WARNING SYSTEM) With early warning system which will be developed, every occurrence of a decrease in certain indicators do mitigating actions against debtors were estimated to be affected. Step-by-step strategy can be carried out by Bank BHI in order to prevent these debtors get into bad collectability, such as: • Action in the form of debt restructuring or the sale of assets of the debtor jammed. • Viewing the financial statements (balance sheet, profit and loss, accounts receivable, inventory, etc.), management factors, operational factors debtor and external factors that influence through Credit Quality Control Bank. • Making call report on any visit or communication with the debtor on a regular basis and cooperate with credit Reviewers and credit Analyst which is then submitted to the credit committee for further discussion. • Do monitoring in off-site (Administratively the form of reports, correspondence) and on-site (a visit to the debtor directly). • Working closely with MIS in support of development monitoring to obtain the required data. PORTFOLIO REBALANCING FUNDING THROUGH THE EFFECTIVENESS OF ASSETS AND LIABILITIES MANAGEMENT Banking liquidity gradually improved, only now it is faced with excess liquidity. Bank Indonesia (BI) said that the banks have excess liquidity is quite large. Banking funds is placed on deposit Facility Bank Indonesia and other instruments. This can happen because the banks' strategy to curb credit growth in line with economic growth that no stable. Banking more forward side of caution to maintain credit quality. With limited excess liquidity in the loan portfolio that can provide optimal benefits, the Bank must have strategy for utilize this excess liquidity to the financial instruments that they can provide increased revenue. Placement of excess liquidity in deposit Facility Bank Indonesia makes the position of the bank earnings negative spread, as well as the placement of excess liquidity in the interbank money market (interbank).

Another important thing to do is to provide facilities training / training to increase knowledge and understanding account Officer and credit Reviewers in credit analysis.

2016 Annual Report

58



Company Profile

Management Report

Financial review Overview of financial outlined here refers to the Consolidated Financial Statements for the year ended December 31, 2016 and 2015 were audited by Public Accountant Hendrawinata & Eddy Siddharta & Tanzil with the opinion of the financial statements the financial present fairly, in all material respects, the financial position PT Bank Harda Internasional Tbk December 31, 2016, as well as financial performance and cash flows for the financial year ended on that date, in accordance with financial Accounting Standards in Indonesia..

STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) ASSET Bank's total assets in 2016 decreased by 0.99% from Rp 2,079 billion in 2015 to Rp 2,058 billion in 2016. The decline in assets is significant mainly from a decrease in Financial Assets.

Balance Sheet (in billion rupiah) 1,703

381

2,079

376

1,679 2,060

TOTAL ASET

TOTAL LIABILITY

2015

TOTAL EQUITY

2016

Table Balance Sheet (in million rupiah) BALANCE SHEET ASSETS Producti ve As s ets Non Producti ve As s ets TOTAL ASSETS LIABILITIES & EQUITY Tota l Li a bi l i ti es Tota l Equi ty TOTAL LIABILITIES & EQUITY

GROWTH (Rp million) %

2016

2015

1,757,125 301,338 2,058,463

1,876,587 202,447 2,079,034

(119,462) 98,891 (20,571)

-6.37% 48.85% -0.99%

1,676,655 381,808 2,058,463

1,703,066 375,968 2,079,034

(26,411) 5,840 (20,571)

-1.55% 1.55% -0.99%

Table Details of Earning Assets and Non Earning Assets (in million rupiah) ASSETS Productive Assets Pl a cements wi th Ba nk Indones i a & Other Ba nks Loa n Effects Revers e Repo TOTAL PRODUCTIVE ASSETS Non Productive Assets Ca s h a nd Current Account wi th Ba nk Indones i a Fi xed As s ets - Net Al l owa nce for Impa i rment Los s es Others TOTAL NON PRODUCTIVE ASSETS

59

Annual Report 2016

2016

2015


249,185 1,398,464 109,476 1,757,125

191,087 1,505,335 161,438 18,727 1,876,587

58,098 (106,871) (51,962) (18,727) (119,462)

30.40% -7.10% -32.19% -100.00% -6.37%

114,227 37,471 (19,322) 168,962 301,338

116,147 39,668 (50,887) 97,519 202,447

(1,920) (2,197) 31,565 71,443 98,891

-1.65% -5.54% -62.03% 73.26% 48.85%


Financial Statement


PRODUCTIVE ASSETS Total Assets Productive 2016 is Rp 1.757 billion or decreased by Rp 119.5 Billion (6.37%) when compared to 2015's Rp 1.877 billion. The decrease was caused by loans decreased by Rp 106.8 Billion (7.10%) to Rp 1.398 billion in 2016. This is caused by BHI is focusing on the settlement of non-performing loans and apply the principle prudent in the loan portfolio by lending to debtor / debtor that have been tested track record- Her good as well as the industrial sector. This can be seen in the following table.

Rp 18.7 billion (100.00%). While Placements with Other Banks and Bank Indonesia increased by Rp 58.1 billion (30.39%) to Rp 249.2 billion in 2016. ASSETS NON-PRODUCTIVE Total non-earning assets in 2016 amounted to Rp. 301.3 billion, increase of Rp 98.9 billion (48.85%) when compared to 2015's Rp 202.4 billion. This increase is due to declining reserves for impairment losses amounting to Rp 31.6 billion (62.03%) to only Rp 19.3 billion. another improvement occurred on Non-earning

Table Balance Sheet (in million rupiah) LOAN UNDER COLLECTIBILITY Non Performing Loan Col l ecti bi l i ty 1 Col l ecti bi l i ty 2 NPL Col l ecti bi l i ty 3 Col l ecti bi l i ty 4 Col l ecti bi l i ty 5 Total Loan NPL Ra ti o - Gros s NPL Ra ti o - Net Impa i rment

A significant decline in credit quality of NPLs by 63.00%. Looking ahead, the Bank BHI is committed to continuously improving credit quality is better. In addition to credit, productive assets that experienced a decrease Effects with the Investment Objectives and Reverse Repo respectively Rp 51.9 billion (32.19%) and

2016

2015

1,358,906 1,205,183 153,723 39,558 215 1,809 37,534 1,398,464 2.83% 1.90% 48.84%

1,398,429 1,265,210 133,219 106,906 60,483 670 45,753 1,505,335 7.10% 3.97% 47.60%

GROWTH NOMINAL (39,523) (60,027) 20,504 (67,348) (60,268) 1,139 (8,219) (106,871)

% -2.83% -4.74% 15.39% -63.00% -99.64% 170.00% -17.96% -7.10% -4.27% -2.07% 1.24%

Assets Other Rp 71.4 billion (73.26%) to Rp 168.9 billion in 2016. As for the Cash and Bank Indonesia and the Giro On-Net Fixed Assets respectively decreased by Rp 1.9 billion (1.65%) and Rp 2.2 Billion (5.54%).

Table Liability and Equity (in million rupiah) LIABILITIES AND EQUITY LIABILITY Thi rd Pa rty Funds Current Account Sa vi ng Account Ti me Depos i t Pl a cements of Other Ba nks Other Li a bi l i ti es TOTAL LIABILITIES TOTAL EQUITY RATIO Li a bi l i ty to Equi ty Ra ti o Li a bi l i ty to As s ets Ra ti o

2016


2015

1,568,478 130,798 109,667 1,328,013 70,880 37,297 1,676,655 381,808

1,594,193 138,370 102,300 1,353,523 78,704 30,169 1,703,066 375,968

4.40 0.81

4.53 0.82

(25,715) (7,572) 7,367 (25,510) (7,824) 7,128 (26,411) 5,840

2016 Annual Report

-1.61% -5.47% 7.20% -1.88% -9.94% 23.63% -1.55% 1.55% -12.69% -0.42%

60


Management Report

LIABILITY Total liabilities in 2016 was Rp 1,677 billion or decreased by Rp 26.4 billion (1.55%) when compared to 2015's Rp 1,703 billion. The decrease was caused by a decline in deposits of Rp 25.5 billion (1.88%) to only Rp 1,328 billion in the year 2016. In addition, for the Giro and deposits from other banks each declined by Rp 7.6 billion (5.47%) and Rp 7.8 billion (9.94%) to Rp 130.8 billion and Rp 70.9 billion in the year 2016. While components such as Savings and Other Liabilities Other Liabilities each experience enhancements to Rp 7.4 billion (7.20%) and Rp 7.1 billion (23.62%) to Rp 109.7 billion and Rp37.3 billion in 2016. EKUITY Total equity increased by Rp 5.8 Billion (1.55%) from Rp 375.9 billion in 2015 to Rp 381.8 billion in 2016. The increase in equity component is primarily derived from the Profit / Loss-Net. Bank generated net profit BHI in 2016 making the total equity has increased quite significantly. Recorded in 2015, the Bank BHI suffered a loss of Rp 45.9 Billion that makes Net Loss to Rp 33.0 billion, while in 2016, the Bank BHI managed to record a better performance compared to the previous year with record results Net Profit of Rp 7 Billion thus making a total of profit / Loss - Net in 2016 to Rp 25.7 billion. REPORT PROFIT AND LOSS AND INCOME OTHER COMPREHENSIVE

Table Income statement and comprehensive (in millions rupiah)

Income

PROFIT (LOSS) Opera ti ng Income Interes t Income - net Opera ti ng Income other tha n Interes t Los s es Cos t Impa i rment of Fi na nci a l As s ets Opera ti ng Expens es Ga i n (Los s ) Opera ti ons Non-Opera ti ng Income Profi t (Los s ) before Income Ta xes Net Profit Income (Expens es ) Other Comprehens i ve Tota l Comprehens i ve Income Earnings per Share (in full amount)

61

Annual Report 2016

Other

Company Profile


NET INTEREST INCOME Interest Income - Net in 2016 reached Rp 94.5 billion, an increase of Rp 2.6 billion (2.86%) when compared to 2015 which was only Rp 91.9 billion. with decreasing outstanding credit in 2016 is a bit much effect on the decline The bank's interest income. Nevertheless, banks still maintain good margins through the management of the majority interest expense caused by higher bank deposits. Bank deposits are given the slightly lower growth of credit has decreased significantly compared to last year. INTEREST INCOME Interest income amounted to Rp 215.9 billion or a decrease of 9.75% when compared to last year's Rp 239.2 billion. The decrease was caused by lower interest income of Rp 19.1 Billion Loan (9.07%) to Rp 191.3 billion in 2016. Other Interest Income component that declined was derived from the Effects and placements with other banks with the central bank and the respective decrease of Rp 2.7 billion (16.89%) and Rp 1.5 billion (11.91%) to Rp 13.4 billion and Rp 11.1 billion in 2016.

INTEREST EXPENSE Interest expense amounted to Rp 121.4 billion or decreased by Rp 25.9 Billion (17.60%) if compared to 2015's Rp 147.4 billion. The decrease was caused by the decline in deposits in 2016 that recorded expenses Interest arising from deposits in 2016 amounted to Rp 110.8 billion or decreased by Rp 24.3 billion (17.99%) compared to 2015's Rp 135.1 billion. In addition, components that decreased Interest Expense is Giro Rp 1.4 billion (26.03%) to Rp 3.8 billion in 2016. Meanwhile, Interest Expense Savings derived from an increase of Rp 26 million (0.74%) to Rp 3.5 billion in 2016.

2016 104,583 94,492 10,091 (11,092) (85,279) 8,212 2,667 10,879 7,087 (1,462) 5,625 1.86

2015 98,813 91,867 6,946 (75,299) (85,052) (61,538) 1,541 (59,997) (45,978) 5,738 (40,240) (14.56)

GROWTH (Rp million) % 5,770 5.84% 2,625 2.86% 3,145 45.28% (64,207) -85.27% 227 0.27% 69,750 113.34% 1,126 73.07% 70,876 118.13% 53,065 115.41% (7,200) -125.48% 45,865 113.98% 16.42 112.81%


Financial Statement


Table Interest Income and Expense (in millions rupiah) INTEREST REVENUES & EXPENSES INTEREST REVENUE Loa n Securi ti es Pl a cement wi th Ba nk Indones i a & Other Ba nks Total INTEREST EXPENSES Current Account Sa vi ng Account Ti me Depos i t Others Total Total Interest Revenues & Expenses

2016


2015

191,302 13,448 11,164 215,914

210,380 16,180 12,673 239,233

(19,078) (2,732) (1,509) (23,319)

-9.07% -16.89% -11.91% -9.75%

3,836 3,459 110,768 3,360 121,422

5,186 3,433 135,059 3,688 147,366

(1,350) 26 (24,291) (328) (25,944)

-26.03% 0.74% -17.99% -8.90% -17.60%

94,492

91,867

2,625

2.86%

Tabel Pendapatan Operasional Selain Bunga (dalam jutaan rupiah) OPERATING INCOME (LOSS) OTHER THAN INTEREST OPERATING INCOME OTHER THAN INTEREST Ga i n on forei gn excha nge tra ns a cti on-net Commi s s i ons a nd fees from tra ns a cti ons other tha n l oa ns -net Revenue a dmi ni s tra ti on a nd fi nes Keuntunga n penjua l a n efek-efek Unrea l i zed ga i n (l os s ) from tra di ng s ecuri ti es Others - Net Total OPERATING EXPENSES OTHER THAN INTEREST Genera l a nd Admi ni s tra ti ve Pers onnel Total

NON OPERATING INCOME INTEREST Operating Income In addition to interest in 2016 was Rp 10.1 billion or an increase of Rp 3.1 billion (45.28%) if compared to 2015 which amounted to Rp 6.9 billion. This increase occurred because in 2016 their Gain on sale of securities amounting to Rp 2.7 billion. Another component of Operating Income In addition to the increased interest is of Revenue Administration and fines of Rp 287 million (5.69%) to Rp 5.3 billion in the year 2016. As for Fees and Commissions In addition to Credit - Clean and Gain Currency Transactions ForeignNet respectively decreased by Rp 356 million (20.78%) and Rp 5 million (7.28%).

2016


2015

60 1,357 5,338 2,718 618 10,091

65 1,713 5,051 (693) 810 6,946

(5) (356) 287 2,718 693 (192) 3,145

-7.28% -20.78% 5.69% 100.00% 100.00% -23.73% 45.28%

32,735 52,544 85,279

34,685 50,367 85,052

(1,950) 2,177 227

-5.62% 4.32% 0.27%

NON OPERATING EXPENSES INTEREST Operating Expenses In addition to interest in 2016 was Rp 85.3 billion or an increase of Rp 227 million (0.27%) when compared to the year 2015 amounting to Rp 85.1 billion. This increase was caused by increased expenses Labor has increased the amount of Rp 2.2 billion (4.32%) to Rp 52.5 billion in the year 2016. Meanwhile, General and Administrative Expenses decreased by Rp 1.9 billion (5.62%) to Rp 32.7 billion in 2016. OPERATIONAL PROFIT In 2016, the Bank managed to post operating profit of Rp 10.9 billion, an increase of 118.13% when compared to last year had a loss of Rp 59.9 billion. Operating Profit was underpinned by the decline in expenses Losses Impairment of Financial Assets significant that reached Rp 64.2 billion (85.27%) Operating Profit Bank that can be properly maintained. On the other hand, the Bank is able to work efficiently, seen with the smaller Other operating expenses decreased by Rp 2.1 Billion (5.43%).

2016 Annual Report

62


Management Report

TOTAL COMPREHENSIVE INCOME Total Comprehensive Income for the year 2016 - Rp 1.5 billion, while last year's Rp 5.7 billion for their fixed assets revaluation Advantages and Benefits Defined Benefit Actuarial Program. EARNINGS PER SHARE The increase in Net Profit in 2016 affects the Bank's Earnings Per Share amounted to Rp 1.86 (112.81%) compared to last year's losses so that the value Earnings per shares for -Rp 14.56.


Company Profile

ASSET QUALITY Asset Quality The ratio in 2016 was likely to experience a significant decline. Reflected by the ratio Gross NPL nor NPL-Netto, each of these ratios in this year amounted to 2.83% and 1.90% or much improved when compared to the previous year respectively 7.12% and 3.98%. With the improvement in asset quality ratios are owned by Bank BHI, it indicates that the management of asset quality, the better.

Table Interest Income and Expense (in millions rupiah) COMPREHENSIVE INCOME (EXPENSES) Item tha t wi l l not be recl a s s i fi ed s ubs equentl y to profi t or l os s : Fi xed a s s ets reva l ua ti on ga i ns Remea s urement of defi ned benefi ts obl i ga ti on pa rt of other comprehens i ve i ncome of a n a s s oci a te Others Income ta x rel a ti ng to i tem tha t wi l l - not be recl a s s i fi ed s ubs equentl y to profi t or l os s Item tha t wi l l be recl a s s i fi ed s ubs equentl y to profi t or l os s : Other comprehensive income for the year after tax

2016

2015


(1,462)

5,738

(7,200)

-125.48%

(973) (724) -

5,758 1,893 -

(6,731) (2,617) -

-116.90% -138.25% 0.00%

235

(1,913)

2,148

112.28%

(1,462)

5,738

(7,200)

0.00% -125.48%

CASH FLOW Table Cash Flow (in million rupiah) CASH FLOW Cas h Fl ow from Operati ng Acti vi ti es Cas h Fl ow from Inves ti ng Acti vi ti es Cas h Fl ow from Fi nanci ng Acti vi ti es Net Increas e i n Cas h and Cas h Equi val ents Cas h and Cas h Equi val ents at Begi nni ng of The Year Cas h and Cas h Equi val ents at End of The Year

The unfavorable market situation, as well as the anticipated rising demand for liquidity, including for application of regulations affecting the increase in cash and cash equivalents. Cash and Cash Equivalents at the end of 2016 rose 28.01% (yoy). Cash and cash equivalents consist of cash, Current BI, Giro with Other Banks and Bank Placements with Bank Indonesia and Other. FINANCIAL RATIOS CAPITAL ADEQUACY Minimum capital adequacy ratio (CAR) of banks amounted to 21.73% in 2016, slightly decreased by 0.17% when compared to last year at 21.90%. However, this ratio is still above the conditions set by Bank Indonesia (BI), which is 8%. This suggests that the ability of a strong Bank BHI capital to support operations.

63

Annual Report 2016

2016 56,434 (256) 56,178 307,234 363,412

2015 (128,700) (337) 126,230 (2,807) 310,041 307,234

GROWTH (Rp Million) % 185,134 143.85% 81 24.04% (126,230) -100.00% (58,985) -2101.35% 2,807 0.91% (56,178) -18.29%

PROFITABILITY Profitability Ratios in 2016 experience a significant increase due to the Bank managed to post profits. Noted ratio Return on Assets (ROA) at 0.53% greater than last year at -2.82%. While the ratio Return on Equity (ROE) this year at 2.11% greater than last year at -5.25%. Both of these ratios have increased due to the success of the Bank in a record profit in 2016.


Financial Statement


Table Financial Ratios (in percentage) FINANCIAL RATIO

2016

2015

% GROWTH

PERFORMANCE RATIO Ca pi tal Adequa cy Ra tio Productive a nd Non-Productive Non-Performi ng As s ets to Total Productive a nd Non-Productive As s et Non-Performi ng Productive As s ets to Total Productive As s ets

21.73%

21.90%

-0.17%

4.00%

5.90%

-1.91%

2.20%

5.75%

-3.55%

Impa i rment Los s es to Productive As s ets

1.08%

2.74%

-1.66%

NPL - Gros s

2.83%

7.12%

-4.28%

NPL - Net

1.90%

3.98%

-2.08%

ROA

0.53%

-2.82%

3.35%

ROE

2.11%

-15.25%

17.35%

NIM

5.41%

5.07%

0.34%

BOPO

96.24%

124.94%

-28.70%

LDR

89.04%

94.23%

-5.18%

a . Rel a ted pa rty

0.00%

0.00%

0.00%

b. Unrel a ted pa rty

0.00%

0.00%

0.00%

a . Rel a ted pa rty

0.00%

0.00%

0.00%

b. Unrel a ted pa rty

0.00%

0.00%

0.00%

a . i n Rupi a h

6.55%

7.56%

-1.01%

b. In Forei gn Currenci es

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

COMPLIANCE Percentage of LLL Vi ol a tion

LLL exceeda nce percentage

Mi ni mum Res erve Requi rement

Net Open Pos i tion

EFFICIENCY The ratio of operating expenses compared to Operating Income (ROA) decreased significantly in 2016, amounting to 28.70% to only amount to 96.24%. This is caused by Costs decrease Allowance for Impairment Losses (CKPN) - A credit of Rp 64.5 billion (85.67%) to only Rp 10.8 billion.

LIQUIDITY Bank BHI seeks to take advantage of third-party funds collected to the credit given for the function as intermediary at once improve profitability. The Bank's liquidity level remains strong and healthy as indicated by the ratio of loans to Third Party Funds (TPF) or Loan to Deposit Ratio (LDR) amounting to 89.04% in 2016.

2016 Annual Report

64


COMMITMENTS AND CONTINGENCIES Commitment refers to a commitment to provide financial instrument financing that resulting in the recognition of assets and / or liabilities during a particular period, while contingencies are the assets and / or liabilities that are likely to occur as a result of some events transactions in connection with the Loan and Acceptance. Total liabilities Commitments and contingencies (net) in 2016 tended to be stable and showed no movement of figures too significant.


Company Profile

Management Report

Commitment obligations derived from the Credit Facility to the Customer Bills that have not been withdrawn in 2016 decreased by 19.26% to Rp 183.1 billion. While the bill Contingency Interest IncomeInterest In Settlement Loans increased by 16.46% to Rp 9.0 billion. As for liabilities Contingent guarantee which are given decreased by 52.38% to only Rp 250 Billion in 2016.

Table Commitment and Contingencies (in million rupiah) ITEMS COMMITMENT RECEIVABLES 1 Unus ed fa ci l i ties a . Rupi a h b. Forei gn Currenci es 2 The pos i tion of purcha s es s pot a nd deri va tives ongoi ng credi t fa ci l i ties 3 Others COMMITMENT LIABILITIES 1 Unus ed fa ci l i ties for Thi rd Pa rty a . BUMN i. Commi tted - Rupi a h - Forei gn Currenci es i i . Uncommi tted - Rupi a h - Forei gn Currenci es b. Others i. Commi tted i i . Uncommi tted 2 Unus ed fa ci l i ties for Other Ba nks a . Commi tted i. Rupi a h i i . Forei gn Currenci es b. Uncommi tted i. Rupi a h i i . Forei gn Currenci es 3 Outs tandi ng i rrevoca bl e l etters of credi t a . Domes tic L/C b. Forei gn L/C 4 The pos i tion of s el l i ng s pot a nd deri va tives ongoi ng credi t fa ci l i ties 5 Others CONTINGENCIES RECEIVABLES 1 Ba nk gua ra ntee a . Rupi a h b. Forei gn Currenci es 2 Pa s t due i nteres t revenues a . Lendi ng b. Other Interes t 3 Others CONTINGENCIES LIABILITIES 1 Ba nk gua ra ntee a . Rupi a h b. Forei gn Currenci es 2 Others

65

Annual Report 2016

2016


2015

-

-

-

-

-

-

-

-

-

-

-

-

183,177

226,884

(43,707)

-19.26%

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,048 -

7,769 -

1,279 -

16.46% -

250 -

525 -

(275) -

-52.38% -


Financial Statement


BANK CAPITAL STRUCTURE Bank's Capital Adequacy Ratio in 2016 was calculated based on the Regulation of Financial Services Authority (POJK) No. 11 / POJK.03 / 2016 concerning the Minimum Capital Requirement for Commercial Banks whose capital stipulated minimum 9% (nine percent) to less than 10% (ten percent) of risk weighted assets for banks with a risk profile rating 2. to maintain a strong capital structure and meet the capital adequacy provisions that determined by regulator based classification BOOK Bank, then in 2015 the Bank has conducted Initial Public Offering (IPO) Rp 100 billion or about 22% of the total paid-up capital so as to make the position of paid up capital of the bank amounted to Rp 365 billion.

year the Company recorded net income and retained earnings were positive by not ignoring the soundness of the Company, legislation and funding requirements necessary for investation in framework business development without prejudice to the right of the General Meeting of Shareholders (RUPS) of the Company. SHARE OWNERSHIP PROGRAM MANAGEMENT AND / OR EMPLOYEE Based on the Deed of General Meeting of Shareholders of Extraordinary No. 31, March 18, 2015, which was made in the presence of Edward Suharjo Wiryomartani, SH.M.Kn Notary in Jakarta, the stockholders approved

Table Bank BHI Capital Structure (in millions of rupiah) CAPITAL STRUCTURE Capital Core Ca pi ta l (Ti er 1) Addi ti ona l Ca pi ta l (Ti er 2) Total Capital RWA wi th Credi t Ri s k RWA wi th Opera ti ona l Ri s k RWA wi th Ma rket Ri s k Total RWA Capital Adequacy Ratio in accordance with Risk Profile

IMPACT OF INTEREST RATE CHANGES ON THE PERFORMANCE OF THE BANK During 2016, Bank Indonesia has lowered the interest rate of Bank Indonesia (BI Rate) from 7.50% to 6.50%. For the year 2016, Bank Indonesia has also implemented a new policy called BI 7-day Reverse Repo Rate aimed at keeping the policy rate can quickly affect the money market banking and real sector. This has an impact on the banking industry, including Bank BHI primarily a decrease in the interest rate deposits. The effective interest rate is average for time deposits by 7.54%. The effective interest rate on average savings of 2.89%. While the effective interest rate on average Giro at 2.52%.

MATERIAL INFORMATION IS HAPPENING AFTER DATE OF ACCOUNTANT REPORT Bank BHI does not have the essential material information that occurred after the date of the auditor's report.

DIVIDEND POLICY According to regulations applicable legislation, the payment of dividends must be approved by shareholders at the AGM. The articles of association states that dividends can only be paid in accordance with the Company's financial capability based on the decisions taken at the AGM. The Company will pay the dividend in cash to all shareholders if the current fiscal

Growth (In Rp Million)

2016

2015

338,105 11,469 349,574 1,435,089 173,922 1,609,011

333,168 12,402 345,570 1,403,622 13,164 161,151 1,577,937

10.00%

9.00%

4,937 (933) 4,004 31,467 (13,164) 12,771 31,074

% 1.48% -7.52% 1.16% 2.24% -100.00% 7.92% 1.97% 1.00%

plans Employee Stock Allocation Program (Employee Stock Allocation / ESA). The ESA program is allocated a number of 0.16% of the total shares offered in a public offering or a number of 1.27 million shares. If there are remaining shares not subscribed by employees of the company, the remaining shares will be offered to the community. The ESA intended only to employees of the Company, amounting to around 313 people and is not intended for the Company's directors and commissioners. Implementation of the program ESA will follow the provisions contained in the regulations of Bapepam No. IX.A.7. The ESA is certainly shares rationing program that is part of the Initial Public Offering of the Company to employees of the Company who have qualified from the Company (Participants ESA). The main objective of ESA share ownership program is to increase the sense of ownership of the Company by the Company's employees so as to have a sense of belonging (sense of belonging) and is expected to increase labor productivity of each employee which in turn will improve also the performance of the corporation overall so that there is an increase in the value of companies that can be enjoyed by company stakeholders.

2016 Annual Report

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Management Report

ACCOUNTING POLICIES Bank BHI has implemented Financial Accounting Standard Guidelines for Indonesia in issuing the annual financial statements and has explained the critical accounting policies that are applied to the notes to Financial Statements at December 31, 2016 and 2015 contained in this report. GOING CONCERN INFORMATION THINGS TO SIGNIFICANT INFLUENCE ON GOING CONCERN Bank BHI during 2016 did not deal with things that significantly influence business continuity. ASSESSMENT MANAGEMENT OF THE THINGS THAT INFLUENCE SIGNIFICANT TO GOING CONCERN Bank BHI has managed to improve performance finances of the previous conditions who suffered losses in 2015 to profits or earnings significantly in 2016. This shows that presence potential to continue business continuity in the future, especially in 2017 predicted an improvement when compared with the previous year. ASSUMPTIONS USED IN THE MANAGEMENT DOING ASSESSMENT Some factors which become consideration management to assessment the continuity of business are as follows: • Financial performance continues to improve, as reflected in the profit generated in the year 2016. • Not facing Legal Matters that significantly influence the business activities of the Bank. • Solvency is maintained and above the provisions of Bank Indonesia of 8%. This demonstrates the ability of the Bank's capital is getting stronger to support activity Bank operations. • There are no significant internal problems.

INFORMATION TRANSACTION MATERIAL THAT CONFLICT OF INTEREST AND / OR RELATED PARTY TRANSACTIONS No material transactions which contain conflict of interest and / or transactions with related parties of the Bank. RULE CHANGES AFFECTING LEGISLATION ON SIGNIFICANT BANK No changes in legislation that have a material impact on the financial statements of the Bank.

67

Annual Report 2016

Company Profile


PROVISION OF FUNDS TO RELATED PARTIES AND FUNDING OF Banks are required to apply the precautionary principle in the provision of funds to related parties and large exposures to diversify the portfolio of the provision of funds. Guided by the provisions of the rules of procedure of the Bank Lending Limit for Commercial Banks and Banking Credit Policy and Guidelines Bank BHI. Assertiveness rules on the provision of funds is solely to prevent banks from failing during a business transaction. Table Provision of Funds to Related Parties and Large Fund 2016 (in millions rupiah) PROVISION OF FUNDS Rela ted Pa rties Core Debitor a . Individua l b. Group

Debitor 4 8 7

AMOUNT Nominal 23,331.47 164,977.29 225,428.70

REALIZATION OF THE USE OF PUBLIC OFFERING PROCEEDS The proceeds from the Initial Public Offering to be received by the Company, after deducting all the costs of emissions and expenditure certain related to the Initial Public Offering, will be fully used to strengthen the long-term financing structure to support the expansion of credit for business development. Company management stated that any use of the funds obtained from the public offering will follow the provisions of the applicable laws and regulations. If in the implementation of the use of the proceeds of the Public Offering is a material transaction, then the implementation will follow the provisions set forth in Rule Number IX.E.2 Annex Decision of Chairman of Bapepam Number: KEP-614 / BL / 2011 concerning Material Transactions and Change of Main Business Activity and if the Affiliated Transaction or Transactions containing elements impact interests, it will follow provision as stipulated in Rule IX.E.1 Annex Bapepam Chairman Decree No.KEP-412 / BL / 2009 regarding Affiliated Transactions and Conflicts of Interest on Certain Transactions.


Financial Statement


The proceeds from the Public Offering and Placement Funds Remaining Type Public Offering

Emissions name

Effective date

Total Public Offering (Own currency money)

Sha res IPO

BBHI

12 Augus t 2015

100,000,000,000

Public Offering costs (unit of currency) 3,769,769,602

The Use of Plan for Use of Funds According Remaining Funds According to to the funds (the the Prospectus (the Prospectus (the currency money) currency money) currency money) 96,230,230,398 96,230,230,398 96,230,230,398

Actual Results Net (currency units)

Placement List Type Public Offering

Code Name Effect

Sha res IPO

BBHI

Remaining funds (unit currency) 92,200,000,000 4,030,230,398

Interest / Return result 4.00% 4.59%

Placement

Term Storage

BI BI

3 da ys 5 da ys

Relationship with Company Thi rd Pa rti es Thi rd Pa rti es

Details of The Public Offering Plan Type Public Offering

Code Name Effect

Effective date

Sha res IPO

BBHI

12 Augus t 2015

Type Public Offering

Code Name Effect

Effective date

Sha res IPO

BBHI

12 Augus t 2015

Plans List Actual Results Net (currency Commentary Amount units) 96,230,230,398 Credi t Expa ns i on 96,230,230,398

Percentage 100

Plans List Actual Results Net (currency units)

Commentary

Amount

Percentage

Amount (currency units)

Percentage

Fee Schedule Public Offering Type Public Offering

code name Effect

Effective date

Sha res IPO

BBHI

12 Augus t 2015

Total Public Offering

Commentary

100,000,000,000 a . The cos t of gua ra ntee fees (underwri ter fee) b. Cos t of orga ni zi ng s ervi ces (ma na gement fee) c. s a l es s ervi ces fee (s el l i ng fee) d. Cos t of Ca pi ta l ma rket s upport profes s i on e. Cos t of ca pi ta l ma rket s upporti ng i ns ti tuti ons s ervi ces f. Cos t of Fi na nci a l Cons ul ti ng s ervi ces (fi na nci a l a dvi s ory fee) g. Other cos ts tha t ca n be di rectl y a ttri buti on a s the emi s s i on cos t

547,250,000 825,000,000 497,500,000 995,430,000 409,749,998 494,839,604

2016 Annual Report

1 1 0 1 0 0 0

68


Management Report

Company Profile



Good Corporate Governance

Always Provide Security To Customers In general, Bank BHI has implemented the basic principles of good corporate governance that includes Transparency, Accountability, Responsibility, Independence and Fairness

69

Annual Report 2016



Financial Statement

Corporate Governance IMPORTANT MEANING GOOD CORPORATE GOVERNANCE (GCG) FOR BANKS BHI As a public company, Bank BHI has a goal to provide value Long-term and sustained for shareholders and stakeholders. The purpose pursued by each business line banking is done. Based on these objectives, the Bank is committed to applying BHI Good Corporate Governance (GCG) by implementing sound business practices, transparent and professional. Implementation of good governance or Good Corporate Governance (GCG) is the bank's strategy to protect the interests of stakeholders of all the potential risks of complex business through strengthening the internal conditions at all levels of the organization, as well as increased compliance against regulations, legislation and ethical values generally accepted in the banking industry. BASIC APPLICATION GCG As a commercial bank, has become imperative for the Bank to implement GCG BHI accordance with applicable regulations, namely: Regulation of the Financial Services Authority (POJK) No. 55 / POJK.03 / 2016 on Governance Implementation for Commercial Banks. This POJK repeal or replace PBI 8/4 / PBI / 2006 dated January 30, 2006 and PBI 8/14 / PBI / 2006 dated October 5, 2006 on Amendments to Regulation No. 8/4 / PBI / 2006 on Implementation Good Corporate Governance (GCG) For Commercial Banks. ENHANCEMENT QUALITY GCG THE SUSTAINABLE DETERMINATION OF IMPLEMENTATION OF QUALITY STANDARDS The standard measure of quality implementation of governance refers to the target that had been set in the business plan, especially related to the implementation of the principles of good governance.

GCG IMPLEMENTATION AND MONITORING IMPLEMENTATION Implementation and monitoring of the implementation of GCG require the establishment and strengthening of the GCG. Monitoring Good governance is focused on how banks apply the principles (TARIF): Transparency, Accountability, Responsibility, Independence and Fairness. With the sharpening of the banking business competition, the application of an effective corporate governance to be one of the long-term strategic objectives to be achieved. GCG implementation that could effectively make Bank BHI as one of the local banks that should be followed by other banks in terms of governance. Implementation of GCG prioritized to the commitment made by the Bank BHI with the Regulator. Various major issues related to GCG's been handled with good and already implemented into the implementation of the operations of the Bank. For the next Bank BHI will continue to perform commitments ever made to follow up on the results of the Financial Services Authority. SELF ASSESSMENT Bank BHI periodically self assessment the implementation of GCG. self assessment a systematic effort to collect and process data (facts and information) are reliable and trustworthy so that we can conclude the fact that it can be used as the basis for management measures for the implementation of GCG can be done effectively. In addition, the Bank regularly conducts BHI self assessment governance is to ensure that the growth and stability of the bank is always maintained and contained within the business plan and regulations.

GCG PRINCIPLE

GCG TRANSPARENCY

ACCOUNTABILITY

RESPONSIBILITY

INDEPENDENCY

FAIRNESS

2016 Annual Report

70


Company Profile

Management Report


Structure and Mechanism of GCG GENERAL MEETING OF SHAREHOLDERS (GMS) ANNUAL GENERAL MEETING AND EXTRAORDINARY SHAREHOLDERS (RUPSLB) YEAR 2016 2016 ANNUAL GMS HELD ON 27 JUNI 2016 Eye Events I & II Approval of the Annual Report including the Financial Statements Validation, Project Report Project Report Board of Commissioners and Board of Directors for Fiscal Year 2015 Deci s i on 1. To a pprove the ra ti fi ca ti on of the Annua l Report a nd Fi na nci a l Report 2015 Vote res ul t

2. To a pprove the ra ti fi ca ti on Agree Di s a gree Shel l s / Abs ta i n Rea l i zed

of the boa rd of Commi s s i oner Report a nd Ta s k In fi s ca l yea r 2015 : 2,850,426,500 Sha res (100%) : 0 s ha res (0%) : 0 s ha res (0%)

Rea l i za ti on Eye Events III Approval authority to the Board of Commissioners to appoint Public Accountant Deci s i on Vote res ul t

Approve gra nti ng a uthori ty to the Boa rd of commi s s i oner to a ppoi nt Accounta nt Publ i c Agree Agree : 2,850,426,500 Sha res (100%) Di s a gree : 0 s ha res (0%) Shel l s / Abs ta i n : 0 s ha res (0%) Rea l i zed

Rea l i za ti on Eye Events IV Determination of the amount of remuneration and other benefits for the entire Board of Commissioners and Board of Directors Member 2016 financial year Deci s i on Approved the determi na ti on of remunera ti on a nd compens a ti on for a l l Boa rd of Commi s s i oner a nd boa rd of Vote res ul t

di rector for fi s ca l yea r 2016. Agree Di s a gree Shel l s / Abs ta i n Rea l i zed

: 2,850,426,500 Sha res (100%) : 0 s ha res (0%) : 0 s ha res (0%)

Rea l i za ti on Eyes Events V Ratification and determination of the work plan 2016 Deci s i on

Approved the ra ti fi ca ti on a nd confi rma ti on work pl a n 2016 Agreed

Vote res ul t

Agree Di s a gree Shel l s / Abs ta i n Rea l i zed

Rea l i za ti on


EXTRAORDINARY GMS HELD ON 27 JUNI 2016 Eyes Events Changes in Management Structure of the Company Deci s i on Approve cha nges to the compa ny's boa rd of ma na gement a pproved the res i gna ti on Mr. ANTONIUS PRABOWO ARGO a s a pres i dent di rector a nd s ubs equentl y to l i ft Mr. ROSEP TUNGGAL LESMANA a nd Mr. AGUS PRIBADI both a s a member i n the new di rector. So tha t the orga ni za ti on s tructure of the Compa ny to be: COMPOSITION OF THE BOARD OF DIRECTORS Di rector : Ba rl i a n ha l i m Di rector : Doddy Setya ntoko Soewi to Di rector : Ros ep Tungga l Les ma na Di rector : Agus Pri ba di COMPOSITION OF THE BOARD OF COMMISSIONERS Top Commi s s i oner Independent : Berna rdus Dwi bya ntoro Commi s s i oner : Ra chma n Ha ki m Commi s s i oner Independent : Robertus Soeda rya tmo Y Vote res ul t

Rea l i za ti on


: 2.850503 bi l l i on s ha res (100%) : 0 s ha res (0%) : 0 s ha res (0%)

EXTRAORDINARY GMS HELD ON 21 SEPTEMBER 2016 Currency occasions I Eyes Events I Approval of the Company plans to conduct a capital increase with Pre-emptive Rights ( "HMETD") Deci s i on Approved the Compa ny's pl a n to i ncrea s e ca pi ta l wi th Preempti ve Ri ghts ("HMETD") to the s ha rehol ders of the Compa ny, i n a n a mount a s much a s 1,000,000,000 (one bi l l i on) s tock Vote res ul t

Rea l i za ti on

71

Annual Report 2016

Agree Di s a gree Shel l s / Abs ta i n Not yet Rea l i zed

: 2,850,572,795 s ha res (99.99%) : 1,500 s ha res (0.0000526%) : 0 s ha res (0%)



Financial Statement

Eye Events II Approval of the amendment of Article 4 (2) and (3) of the Articles of Association in connection with the exercise of the Rights Deci s i on Approved the a mendment of Arti cl e 4 (2) a nd (3) of the Arti cl es of As s oci a ti on i n connecti on wi th the exerci s e of the HMETD, whi ch ca pi ta l i ncrea s e i n pl a ce a nd depos i ted Compa ny a nd the gra nti ng of a uthori ty to di rector Li a bi l i ty to ta ken mea s ures deemed neces s a ry to i mpl ement the deci s i on of EGM a nd to decl a re deed before the competent a uthori ty i n connecti on wi th the exerci s e of the HMETD ha s . Vote res ul t

Agree Di s a gree Shel l s / Abs ta i n Not yet Rea l i zed

: 2,850,572,795 s ha res (99.99%) : 1,500 s ha res (0.0000526%) : 0 s ha res (0%)

Rea l i za ti on Rea l i zed Eyes Events III Approval of changes in the composition of the Company Board Deci s i on Cha nge of di rector a nd the Boa rd of the Commi s s i oner; 1 Approve the res i gna ti on of Mr. RACHMAN HAKIM a nd l i fted Mrs NOVITA HAKIM a s Commi s s i oner 2 Approved the res i gna ti on of Mr. DODDY SETYANTOKO SOEWITO a s Compa ny Di rector 3 To a pprove the res i gna ti on of Mr. AGUS PRIBADI a nd Mr. ROSEP TUNGGAL LESMANA ea ch of them a s Compa ny Di rector a nd l i fted Mr. HARRY ABBAS a nd Mr. DAVID AMIN SANJAYA a s Di rector.

So tha t the orga ni za ti on s tructure of the Compa ny i nto COMPOSITION OF THE BOARD OF DIRECTORS Di rector : Ba rl i a n ha l i m Di rector : Ha rry Abba s Di rector : Da vi d Ami n Sa nja ya

Vote res ul t

Rea l i za ti on

COMPOSITION OF THE BOARD OF COMMISSIONERS Top Commi s s i oner Independent : Berna rdus Dwi bya ntoro Commi s s i oner : Novi ta Ha ki m Commi s s i oner Independent : Robertus Soeda rya tmo Y Agree : 2,850,574,295 Sha res (100%) Di s a gree : 0 s ha res (0%) Shel l s / Abs ta i n : 0 s ha res (0%) Rea l i zed

EXTRAORDINARY GMS HELD ON DECEMBER 8, 2016 Eye III Events Events Eyes I Approval of changes to Member of the Board of the Company Deci s i on Cha nges i n the Compos i ti on In di rector a nd the Boa rd of the Compa ny commi s s i oner na mel y res i gna ti on of Mr. DAVID AMIN SANJAYA a nd l i fted Mr. DAVID FISHER KUSNADI a s Compa ny Di rector So tha t the orga ni za ti on s tructure of the Compa ny to be: COMPOSITION OF THE BOARD OF DIRECTORS Di rector : Ba rl i a n Ha l i m Di rector : Ha rry Abba s Di rector : Da vi d Fi s her Kus na di COMPOSITION OF THE BOARD OF COMMISSIONERS Top Independent Commi s s i oner : Berna rdus Dwi bya ntoro Commi s s i oner : Novi ta Ha ki m Independent Commi s s i oner : Robertus Soeda rya tmo Y Vote Res ul t





Rea l i za ti on Eye Events II Board approval of the Company's term extension Deci s i on Agreed to rea ppoi nt members of the boa rd of di rectors a nd member of Boa rd of Compa ny commi s s i oner, commenci ng from the da te of Ja nua ry 19, 2017 (ni ne teen Ja nua ry two thous a nd s eventeen) unti l the cl os i ng of the Genera l Meeti ng of Sha rehol ders the thi rd yea rfol l owi ng, wi thout prejudi ce to the ri ght Genera l meeti ng of Sha rehol ders to di s mi s s (them) a t a ny ti me before thei r term of offi ce expi res fol l owi ng, wi thout prejudi ce to the ri ght Genera l meeti ng of Sha rehol ders to di s mi s s (them) Vote Res ul t

Rea l i za ti on

2016 Annual Report

72


Company Profile

Management Report


GENERAL MEETING OF SHAREHOLDERS (AGM) GENERAL MEETING AND EXTRAORDINARY SHAREHOLDERS (EGM) 2015 2015 ANNUAL AGM HELD ON 8 MEI 2015 Currency occasions I Eye Events I Deci s i on Mi nutes of the Annua l Genera l Meeti ng of Sha rehol ders of PT Ba nk Ha rda Interna s i ona l Tbk 2015 1 To a pprove the a nnua l report for the fi na nci a l yea r 2014 a nd a uthori ze the Compa ny's fi na nci a l s ta tements book 2014 ha s a udi ted by the a ccounti ng fi rm Publ i c Gra nt Thronton-Ga ni , Ga ni Si gi ro & Ha nda ya ni , a s conta i ned i n the Report of Audi tors Independent No.A-034 / GSH / 15RF Apri l 1, 2015 wi th opi ni on “Rea s ona bl e wi thout excepti on"; 2 Authori ze report of s upervi s ory duty of boa rd of commi s s i oner of compa ny for the fi na nci a l yea r 2014 a nd provi de l i bera ti on a nd di s cha rge i t compl etel y ("a cqui te et decha rge") to di rector members i n Compa ny for a l l a cts of ma na gement a nd members of the Boa rd of Commi s s i oner Compa ny for control mea s ures they ha ve done duri ng the fi na nci a l yea r 2014, a s fa r a s a cti on ma na gement, a nd overs i ght a re refl ected i n the Compa ny's a nnua l report for the fi na nci a l yea r 2014; 3 To a uthori ze the Boa rd of Commi s s i oner Compa ny to a ppoi nt a publ i c a ccounta nt the Compa ny's fi na nci a l s ta tements for the fi na nci a l yea r 2015 (two thous a nd fi fteen) a s wel l a s determi ne the honora ri um a nd des i gna ti on; 4 Determi na ti on Remunera ti on a nd compens a ti on for a l l Boa rd of Commi s s i oners a nd members of di rector Compa ny for the fi na nci a l yea r 2015 a uthori ty been del ega ted to the Boa rd of Commi s s i oner; 5 Determi ne the us e of net i ncome of the compa ny for the fi na nci a l yea r 2014 wi th the fol l owi ng deta i l s : a There i s no genera l res erve for the fi na nci a l yea r 2015 a nd tha t no di s tri buti on of di vi dends to s ha rehol ders . b Di s tri buted a s bonus es to the Boa rd of Commi s s i oner a nd Di rector of Compa ny a nd bonus es to empl oyees net profi t di s tri buted a s bonus es to Boa rd of Commi s s i oner a nd Di rector of Compa ny a nd di s tri buted a s bonus es to Compa ny empl oyees a nd a uthori zed the Boa rd of the Compa ny for the Commi s i oner further regul a te the procedure of di s tri buti on of bonus es a nd the bonus i s : c

Vote Res ul t

Rea l i za ti on

The rema i ni ng net i ncome of the compa ny tha t ha s not been determi ned for us e i s recorded a s reta i ned ea rni ngs of the compa ny



EXTRAORDINARY GMS HELD ON 29 JANUARY 2015 Eyes Events Eye Events Deci s i on 1 Rea ffi rmed s ome of the contents of Sha rehol ders Deci s i on da ted 18 December 2014 conta i ni ng: -

-

Approved the i ncrea s e i n a uthori zed ca pi ta l of the compa ny from Rp. 200,000,000,000, - to Rp. 1,000,000,000,000, Approved the ca pi ta l i ncrea s e i n the compa ny tha t ori gi na l l y depos i ted Rp. 146 600 000 000, - to Rp. 255 000 000 000, - wi th a depos i t of Rp. 108.4 bi l l i on, ca me from Rp.50.000.000.000, ca s h depos i ts a nd Rp. 58.4 bi l l i on, - profi t i n the Compa ny hol d Approved cha nges i n nomi na l s ha res from Rp. 1.000.000, - per s ha re to Rp. 100, - per s ha re Wi th jus t do i t the i ncrea s e i n a uthori zed ca pi ta l a nd depos i ted a nd the cha nge of a mount woul d cha nge the provi s i ons of Arti cl e 4 Pa ra gra ph 2 of the Arti cl es of As s oci a ti on, a nd compos t the contents of s ha rehol ders whi ch wi l l further tertul i s rea d a s fol l ows : Authori zed ca pi ta l Rp. 1,000,000,000,000, In the ca pi ta l In the pos t or depos i ted Rp. 255 000 000 000, -

The composition of the Shareholders to be: PT HAKIMPUTRA PERKASA KWEE SINTO

Rp. 235 196 100 000, - (92.23%) Rp. 19.8039 bi l l i on, - (7.77%)

Tota l 2.55 bi l l i on s ha res or Rp. 255 000 000 000, Approve cha nges to the provi s i ons of Arti cl e 12 pa ra gra ph 1 of the Arti cl es of As s oci a ti on rega rdi ng the Di rector Duti es a nd res pos i bi l ty tha t i s : I Boa rd of Di rectors ha s the ri ght to repres ent Compa ny wi thi n a nd outs i de court on a l l ma tters a nd i n a ny event, bi nd the Compa ny wi th the other pa rty a nd the other pa rty to the Compa ny, a s wel l a s perform a l l a cti ons , both rega rdi ng the ma na gement a nd owners hi p, but wi th res tri cti ons tha t to: a .1 a cqui re, tra ns fer or rel i nqui s h ri ghts to the goods or the Compa ny's fi xed a .2 ens ure the Compa ny property, whether movi ng or not movi ng, l es s tha n one up to 50% (fi fty percent) of the tota l wea l th of the Compa ny of the net worth of the compa ny i n one fi s ca l yea r, ei ther i n one tra ns a cti on or i n s evera l i ndependent tra ns a cti ons or rel a ted to one a nother b

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Annual Report 2016

Bi ndi ng Compa ny a s gua ra ntor (not i ncl udi ng the i s s ui ng Ba nk Gua ra ntee)



c d

e

2

Financial Statement

Add the ca pi ta l a nd property of the Compa ny or the Compa ny or other compa ni es do not i ncl udi ng, buyi ng a nd s el l bond. a nd Adopt a ny s tra tegi c pol i ci es a nd deci s i ons , i e deci s i ons tha t ma y a ffect the fi na nci a l s ta tements of the compa ny s i gni fi ca ntl y a nd or ha ve a s us ta i ned i mpa ct on the budget Huma n res ource, orga ni za ti on s tructure a nd or thi rd pa rti es Provi de credi t / l oa n to a nother pa rti es wi th a va l ue a bove tha t ha s been s et by the Boa rd of commi s s i oner - Mus t be a uthori zed by the Boa rd of Commi s s i oner

Approve a n i ncrea s e i n ca pi ta l i n the Compa ny whi ch wa s ori gi na l l y depos i ted Rp. 255 bi l l i on, - become Rp. 285 bi l l i on, - whi ch ta ken by PT HAKIM PUTRA PERKASA a s much a s 300,000,000 s ha res or by Rp.30.000.000.000, s o tha t the compos i ti on of thes ha rehol ders to be: PT HAKIMPUTRA PERKASA Rp. 265 196 100 000, - (93.05%) KWEE SIN TO Rp. 19.8039 bi l l i on, - (6.95%) Tota l 2.85 bi l l i on s ha res @ Rp 100, - @ tota l of Rp. 285 000 000 000, -

Vote Res ul t

Rea l i za ti on


: 146 600 s ha res (100%) : 0 s ha res (0%) : 0 s ha res (0%)

EXTRAORDINARY AGM HELD ON 12 MARCH 2015 Eyes Events Eye Events Deci s i on Approved the a ppoi ntment of Mr. TEDDY SADIKIN a s new Di rector. So tha t the orga ni za ti on s tructure of the Compa ny to be: COMPOSITION OF BOARDS OF COMMISSIONERS Pres i dent Di rector Antoni us Pra bowo Argo Di rector : Doddy Setya ntoko Soewi to Di rector : Budi a rto Sa ntos o Di rector : Teddy Sa di ki n COMPOSITION OF BOARD OF DIRECTORS Top Independent commi s s i oner : Berna rdus Dwi bya ntoro Commi s s i oner : Ra chma n Ha ki m Independent commi s s i oner : Robertus Soeda rya tmo Y Vote Res ul t

Rea l i za ti on


: 146 600 s ha res (100%) : 0 s ha res (0%) : 0 s ha res (0%)

EXTRAORDINARY AGM HELD ON MARCH 18, 2015 AGENDA Meeting Agenda Deci s i on 1 Approva l to a s s ert cha nge the a rti cl es of a s s oci a ti on of the Compa ny conta i ned i n the deed: - Deed da ted Jul 07, 1993, No. 6 - Deed da ted Ma rch 3, 1999, No. 8 - Deed da ted Ma y 28, 1999, No. 3 - Deed da ted 16 December 2004, No 42 - Deed da ted 28 June 2005, No. 34 - Deed da ted 12 December 2005, No 14 - Deed da ted 03 Augus t 2006, Number 03 2 Approva l for Ini ti a l Publ i c Offeri ng of s ha res of the Compa ny (Ini ti a l Publ i c Offeri ng) a nd to cha nge the Compa ny's s ta tus form a cl os ed compa ny i nto a publ i cl y l i s ted compa ny. Na mel y the expendi ture of s ha res i n the depos i t i n connecti on wi th a n i ni ti a l publ i c offeri ng 3 Approva l to i mpl ement Ma na gement Stock Opti on Pl a n (MSOP) i n the a mount of 10% of ca pi ta l a nd i mpl ement progra ms for the Empl oyees Stock Al l oca ti on (ESA) a mounts a t mos t 10% of the tota l number of s ha res offered i n the Ini ti a l Publ i c Offeri ng of s ha res of the Compa ny 4 Approva l to a uthori ze Boa rd of Di rectors of the Compa ny to i mpl ement a l l the mea s ures tha t s houl d be done i n connecti on wi th the publ i c offeri ng to the communi ty a nd the us e of funds res ul t Publ i c Offeri ng i ncl udi ng s i gni ng a l l the a greements a nd deeds rel a ti ng to the i ni ti a l publ i c offeri ng s ha res to the publ i c a nd us e of funds res ul t s uch Publ i c Offeri ng, i ncl udi ng but not l i mi ted to: -

Crea te a nd s i gn the Summa ry Pros pectus , Pros pectus a nd other documents Announci ng the Summa ry Pros pectus , Pros pectus a nd / or other documents requi red i n the news pa per

-

Crea te a nd s i gn the Underwri ti ng Agreement Emi s s i on Securi ti es Appoi nti ng s upporti ng profes s i ons a nd s upporti ng i ns ti tuti ons (i ncl udi ng but not l i mi ted to l ega l cons ul ta n, nota ri es , publ i c a ccounta nts , underwri ters a nd s ecuri ti es a dmi ni s tra ti on burea u)

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-

-

5

Vote Res ul t

Rea l i za ti on

Company Profile


Crea te, s i gn a nd s ubmi t a Regi s tra ti on Sta tement a nd / or other rel a ted documents to the Fi na nci a l Servi ces Authori ty a nd Indones i a Stock Excha nge Regi s teri ng the Compa ny's s ha res i n Col l ecti ve Cus tody i n a ccorda nce wi th a ppl i ca bl e regul a ti ons , i n pa rti cul a r the i ndones i a n Centra l Securi ti es Depos i tory Regul a ti on Cus todi a n Regul a ti on Li s ted a l l of the Compa ny's s ha res on the s tock excha nge whi ch a re s ha res tha t ha ve been i s s ued a nd ful l y pa i d i n the Compa ny wi th due rega rd to a ppl i ca bl e l egi s l a ti on a nd regul a ti ons i n the fi el d of ca pi ta l ma rket Appropri a ti on of funds of funds obta i ned through publ i c offeri ng Provi di ng a l l i nforma ti on a nd / or da ta rel a ted wi th the IPO proces s Crea te, s i gned s ta tements , l etters , a greements a nd other documents a s ma y be neces s a ry

Seek a pprova l from the pa rti es a nd i ns ta nces rel a ted i ns ta nces a uthori zed Approved the cha nge of the enti re budget of the Compa ny, a mong others , i n order to conform wi th regul a ti ons a nd regul a ti ons s peci fi ca l l y rega rdi ng the provi s i ons of the Arti cl es of As s oci a ti on of open compa ni es a s s ti pul a ted i n the OJK Regul a ti ons

Agree : 2.85 bi l l i on s ha res (100%) Di s a gree : 0 s ha res (0%) Shel l s / Abs ta i n : 0 s ha res (0%) Rea l i zed Note: ESA onl y to empl oyees a nd not i ntended for Di rector a nd the Counci l of Commi s i oner

EXTRAORDINARY GMS HELD ON OCTOBER 05, 2015 Currency occasions I Eye Events I Deci s i on Wherea s ba s ed on the Extra ordi na ry Genera l Meeti ng of Sha rehol ders da ted Ma rch 18, 2015, where Boa rd of Commi s s i oners ha s been a uthori zed to determi ne the certa i nty of the number of the number of s ha res i s s ued through a Publ i c Offeri ng to the publ i c, Boa rd of Commi s s i oners decl a res to a pprove the i s s ua nce of new s ha res from the portfol i o of 800,000. 000 s ha res through the Ini ti a l Publ i c Offeri ng (IPO) to be offered to the publ i c i ncl udi ng the i mpl ementa ti on of a n ESA progra m of 1,270,000 s ha res , to be l i s ted on the Indones i a Stock Excha nge.

So tha t a rti cl e 4, pa ra gra ph 2 of the Compa ny's Arti cl es of As s oci a ti on becomes further a s fol l ows : From the a uthori zed ca pi ta l ha s been pl a ced a nd depos i ted a tota l of 3.650.000.000 (three bi l l i on s i x hundred fi fty mi l l i on) s ha res wi th a tota l nomi na l va l ue of Rp.365,000,000,000 (three hundred Si xty fi ve bi l l i on rupi a h) by s ha rehol ders who ha ve ta ken pa rt of the s ha res a nd the deta i l s a nd nomi na l va l ue of the s ha res menti oned a t the end of the deed.

100% (one hundred percent) of the i s s ued ca pi ta l , a mounted to Rp.365,000,000,000, - (three hundred s i xty fi ve bi l l i on rupi a hs ) wi th the fol l owi ng deta i l s : PT Ha ki m Putra Perka s a Kwee Si nto Communi ty

Vote Res ut

Rea l i za ti on

: Rp.265.196.100.000,- (72.65%) : Rp.19.803.900.000,- (5.43%) : Rp.80.000.000.000,- (21.92%)

Bei ng tota l ed 3.65 bi l l i on s ha res or Rp. 365 000 000 000, Agree : 2.85 bi l l i on s ha res (100%) Di s a gree : 0 s ha res (0%) Shel l s / Abs ta i n : 0 s ha res (0%) Rea l i zed

EXTRAORDINARY GMS HELD ON DECEMBER 01, 2015 Currency Events Eye Events Deci s i on 1 Approved the res i gna ti on of Mr. BUDIARTO SANTOSO a nd Mr. TEDDY SADIKIN from thei r res pecti ve pos i ti ons a s Di rector of the Compa ny 2 Approve the a ppoi ntment of Mr. BARLIAN HALIM a s the new Di rector of the Compa ny So tha t the orga ni za ti on s tructure of the Compa ny i nto COMPOSITION OF BOARD OF DIRECTORS Pres i dent Di rector Di rector Di rector

: Antoni us Pra bowo Argo : Doddy Setya ntoko Soewi to : Ba rl i a n Ha l m

COMPOSITION OF BOARD OF COMMISSIONERS Top Independent Commi s s i oner : Berna rdus Dwi bya ntoro Commi s s i oner : Ra chma n Ha ki m Independent Commi s s i oner : Robertus Soeda rya tmo Y Vote Res ul t

Rea l i za ti on

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BOARD OF COMMISSIONERS BOC appointed and removed by the General Meeting of Shareholders. Based on the General Meeting of Shareholders (AGM) and based on the position as of December 31, 2016 Board of Commissioners is composed of an Independent Commissioner, 1 (one) commissioner, and 1 (one) Independent Commissioner as shown in the following table.

Financial Statement

The meeting discussed: Evaluation of the performance of the Bank, the GMS Preparation, Handling foreclosed assets and Removal by third parties and Anticipation Loan Growth Inhibition Bank is faced with limitations Customer based and Condition Macroeconomics. The whole meeting has been created for the minutes of meetings and documented.

Table Name BOC Bank BHI Nama Bernardus Dwi byantoro R. Soedaryatmo Yos owi dagdo Rachman Haki m Novi ta Haki m

Office Top Independent Commi s s i oner Independent Commi s s i oner Commi s s i oner *) Commi s s i oner **)

* ) Resigned effective September 21, 2016 ** ) Appointed by M eeting Decision Statement No. 80 dated September 21, 2016, and has been effective in accordance with Letter of OJK no. SR-47 / PB.12 / 2017 dated M arch 9, 2017

DUTIES AND RESPONSIBILITIES The duties and responsibilities of Board of Commissioners are focused on supervisory functions, among which are ensuring that Good Corporate Governance is implemented at all levels of the organization. Board of Commissioners shall oversee the implementation of the duties and responsibilities of Board of Directors, including providing advice, directing, monitoring and evaluating the implementation of the bank's strategic policy. Another authority is to ensure that Board of Directors has followed up on all audit findings and recommendations of the Internal Audit Unit, External Auditor, and the findings of the Supervision of the Financial Services Authority, Bank Indonesia and / or other authorities. If Board of Commissioners finds any indication that the business continuity of the bank will be disrupted or there is a violation of the prevailing laws, Board of Commissioners shall inform the Financial Services Authority and / or Bank Indonesia.

BOC was not involved in the decision-making operations of the Bank, except for: 1. Large exposures and funding to the Related Parties as set out in the Articles of Association. 2. Other matters stipulated in the statutes or regulations applicable law.

In support of its duties and responsibilities, Board of Commissioners is assisted by three Committees, namely the Audit Committee, Risk Monitoring Committee, and Remuneration & Nomination Committee. In accordance with the prevailing provisions, Board of Commissioners conducts Board of Commissioners Meeting as the completeness of its work. Decision making in the Meeting of Board of Commissioners is generally done based on Deliberation Mufakat. If it is not fulfilled then taken the most decision-making decision.

Remuneration components Components of remuneration and other facilities given to Board of Commissioners include: 1. Gross Remuneration (Salary, Bonus, Benefits Routine, Bonus and Other Facilities in kind) 2. Other facilities in the Shape Natura (housing, transportation, health insurance, etc.)

MEETING OF BOARD OF COMMISSIONERS Throughout 2016, Board of Commissioners has Held a meeting of 7 (seven) times and attended by all members of Board of Commissioners.

REMUNERATION OF BOARD OF COMMISSIONERS Determination of Remuneration Sesuai dengan Pedoman dan Tata Tertib Kerja Dewan In accordance with the Guidelines and Rules of Conduct Working BOC, stipulated that Board of Commissioners earn salaries / honorarium amount of time set by the General Meeting of Shareholders. BOC remuneration procedures created through proposals or recommendation of the Remuneration and Nomination Committee are then submitted to the General Meeting of Shareholders. In addition to salary, Board of Commissioners also obtain other benefits in the form and amount specified in the AGM.

Remuneration Structure Based on the assessment of the performance of Board of Commissioners, the remuneration structure of Board of Directors are as follows:

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Company Profile

Remuneration Table BOC 2016 No. 1 2

Type of Remuneration and Other Facilities Remunera ti on (Sa l a ri es , bonus es , routi ne a l l owa nces , ta nti em, a nd other fa ci l i ti es i n non-na tura form) Other fa ci l i ti es i n the form of na tura (Hous i ng, tra ns porta ti on, hea l th i ns ura nce, etc): a . Ca n be Owned b. Ca n not be Owned Total

Amount Received in 1 year Number of BOC Million Rupiah 3

2,238

Hea l th Ins ura nce Communi ca ti on & tra ns porta ti on fa ci l i ti es 3

2,238

Table Amount of Remuneration per person in 1 year (in cash) Total Remuneration per person in 1 year Above Rp 2., - bi l l i on Above Rp 1 - bi l l i on upto Rp 2,- bi l l i on Above Rp 500 mi l l i on s / d Rp 1 - bi l l i on Rp 500 mi l l i on down

DIRECTORS COMPOSITION OF BOARD OF DIRECTORS Directors appointed and removed by the General Meeting of Shareholders. As of December 31, 2016, Board of Directors consists of 1 (one) Plt. President Director and 1 (one) Compliance Director and 1 (one) Business Director, as shown in the following table.

Number of Commissioners 3 -

Compliance Unit and Risk Management Unit. In addition Board of Directors has established Committee execution of tasks assigned to assist Board of Directors are: Credit Committee, ALCO Committee, Risk Management Committee, Human Resources Committee, and the Information Technology Steering Committee, Credit Policy Committee, and the Strategic Planning and Budget Committee.

Table Name of Directors of the Bank BHI Nama Barlian Halim Harry Abbas David Fis her Kus nadi

Office Director Compliance Director *) Director **)

* ) Appointed through of Resolution No. 80 dated September 21, 2016 and has efekt if in accordance with the FSA No. SR-89 / PB.12 / 2016 dated November 9, 2016 * * ) Appointed through of Resolution No. 80 dated September 21, 2016 and has efekt if in accordance with the FSA No. SR-3 / PB.12 / 2017 dated January 13, 2017

DUTIES AND RESPONSIBILITIES Board of Directors is fully responsible for the implementation of the management of the Bank in accordance with the powers and responsibilities outlined in the statutes and regulations that apply. Duties and responsibilities of Board of Directors of which relates to actions requiring approval of Board of Commissioners; the Annual General Meeting of Shareholders; The preparation, implementation and control of the Business Plan; Risk management and control; Good Corporate Governance; control system internal; openness and confidential information; assessing the quality of bank assets; settlement of customer complaints; Bank Health Level; APU PPT implementation; relationships with stakeholders; and follow up on the findings and recommendation of SKAI, external auditors, audit the FSA, the central bank and other authorities. In performing the duties of Directors is always based on principles Good Corporate Governance in every activity of the implementation of the bank's operations. To support the implementation of Good Corporate Governance effective will be established three (3) Unit, namely: Internal Audit Unit,

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MEETING OF DIRECTORS During 2016, Board of Directors has held meetings a total of 18 (eighteen) times that includes a coordination meeting between Board of Directors of 10 (ten) times, including six (6) times with the Executive Officer and the Joint Meeting of Board of Directors to Board of Commissioners of 8 (eight) including 1 (one) with an Executive Officer. The material covered in the conference include Flash back performance in 2015, Progress Action Plan foreclosed assets, settlement of NPL, CKPN (Allowance for Impairment Losses), discussion of the results of the audit KAP in 2016, the agenda of the EGM September 2016 Performance, Audit Reports Financial Services Authority and others. Each policy and strategic decisions taken by Board of Directors Meeting shall be binding and the responsibility of all members of Board of Directors. Differences of opinion in the decision making outlined in the dissenting opinion which became an integral part in a decision-making. Management also obliged to provide data and information that is accurate, relevant and timely to Board of Commissioners. And in the end, Board of Directors will be held accountable for the implementation of duties to the Shareholders General Meeting of Shareholders.


Financial Statement


Remuneration of Directors Remuneration Policy Board of Directors set out in the AGM with regard recommendation Committee Remuneration and Nomination Committee and other relevant provisions.

experienced person in the field of Audit and Compliance and a 25-year-old with 25 years of experience. All members of the Committee are independent and have no financial relationship, stewardship, ownership and / or family members of Board of Commissioners, Directors and Controlling

Table Remuneration of Directors 2016 No. 1 2

Type of Remuneration and Other Facilities Remunera ti on (s a l a ry, bonus , routi ne a l l owa nce, ta nti em, a nd other fa ci l i ti es i n ki nd) Other fa ci l i ti es i n the form of na tura [Hous i ng, tra ns porta ti on, hea l th i ns ura nce, etc]: a . Ca n be Owned b. Ca n not be Owned Total

Amount Received in 1 year Number of BOD Million Rupiah 3

3,600

Hea l th Ins ura nce Communi ca ti on & tra ns porta ti on fa ci l i ti es 3

3,600

Table Amount of Remuneration per person in 1 year (in cash) Total Remuneration per person in 1 year Above Rp 2., - bi l l i on Above Rp 1 - bi l l i on upto Rp 2,- bi l l i on Above Rp 500 mi l l i on s / d Rp 1 - bi l l i on Rp 500 mi l l i on down

AUDIT COMMITTEE Table Composition of Audit Committee Members Name Bernardus Dwibyantoro Slamet Agus Pramono Ignatius Sri Mulyanto

DUTIES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE The duties and responsibilities of the Audit Committee of Board of Directors of Bank BHI by decree no. 019 / SK-DIR / IV / 2015 dated April 9, 2015 is to monitor and evaluate the planning and execution of audits and follow-up results audits in order to assess adequacy internal control and financial reporting processes. Who becomes the object of evaluation is the implementation of the tasks SKAI; ensure compliance audit standards applicable to the implementation of the External Audit assignments; see the correspondence between the financial statements with the applicable accounting standards; monitor follow-up on any findings of Internal Audit / External Audit / BI and other authorities. Another task of the Audit Committee is to provide recommendations to the Board regarding the appointment of Public Accounting Firm (KAP) conduct an audit of the Annual Financial Statements of the Bank.

Number of Directors 3 -

Shareholders or relationship with the Bank that may affect ability to act independent. Office Chairman concurrently member Member Member

AUDIT COMMITTEE MEETING In 2016, the Audit Committee had met to as many as 15 (fifteen) times, the materials discussed in the meeting of the Audit Committee are: Implementation & Principles The results of Internal Audit, Audit Reports Internal Audit, Opinion / input to Board of Commissioners on the condition of banks in general, Accountant designation as External Auditor for the Financial Statements BHI 2016 financial year. TERM OF THE AUDIT COMMITTEE MEMBERS The term of office of members of the Audit Committee derived from Board of Commissioners shall be adjusted to the term of appointment / appointment as a member of Board of Commissioners stipulated in the GMS, while the term of the member of the Independent Party shall be stipulated in the working agreement between the bank and the concerned party.

INDEPENDENCE OF THE AUDIT COMMITTEE MEMBERS Membership The Audit Committee consists of the President Commissioner Independent as Chairman and 2 (two) independent members consisting of a 13 year

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RISK MONITORING COMMITTEE Table's management of the Risk Oversight Committee Name Bernardus Dwibyantoro Slamet Agus Pramono Ignatius Sri Mulyanto

DUTIES AND RESPONSIBILITIES OF MONITORING COMMITTEE RISK By decree of Board of Directors Bank BHI No: 019 / SKDIR / IV / 2015 on 9 April 2015 the duties and responsibilities of the Risk Oversight Committee is to evaluate the suitability of risk management policies and their implementation, as well as monitor and evaluate the implementation of Risk Management Committee and Risk Management Unit. The evaluation results will be input for the Board in assessing the implementation of risk management at the Bank BHI. INDEPENDENCE OF RISK MONITORING COMMITTEE MEMBERS Committee members come from independent parties and do not have the financial, management, ownership and / or family members of Board of Commissioners, Directors and Controlling Shareholders or relationship with the Bank which could affect its ability to act independently. Both members of the Risk Oversight Committee has a work experience of more than 5 (five) years in the field of economics, finance and banking, and has a working experience of more than two (2) years in the field of risk management. RISK MONITORING COMMITTEE MEETING In 2016, the Risk Oversight Committee has met 10 (ten) times. Meeting materials discussed are: Evaluation SKMR; Evaluation RBB Monitoring Report; Evaluation Implementation of FSA Compliance Audit Findings; Study of the potential for increased NPLs; Evaluation Report Risk Profile; Evaluate the performance of the third party funds and loans; Study on allocation CKPN; Business conditions impact assessment on the results of the bank's performance; and evaluation of the application of technology. TERM RISK MONITORING COMMITTEE MEMBERS The term of office of the Audit Committee from Board of Commissioners adapted to future task / appointment as a member of Board of Commissioners set out in the AGM, while the term of office of members of the Independent Party is set in the letters of intent between the banks concerned. REMUNERATION AND NOMINATION COMMITTEE Table Member of the Board Remuneration and Nomination Committee Name R. Sudaryatmo Yos owi dagdo Rachman Haki m Novi ta Haki m Mari awati Tji tradi nata

Office Chairman concurrently member Member Member

DUTIES AND RESPONSIBILITIES OF REMUNERATION AND NOMINATION COMMITTEE Based on the Decree of Directors of Bank BHI No. 024 / SKDIR / XII / 2007 dated December 14, 2007 and the Decree of Directors No.046 / SKDIR / VI / 2012 dated June 25, 2012, the duties and responsibilities of the Remuneration and Nomination Committee is to make recommendations in the field of remuneration to the Board regarding the structure, and Amount of Remuneration Policy; provide recommendation function Nominations to the Board regarding the composition of the tenure of members of Board of Directors and / or Board of Commissioners, policy and criteria in the nomination process and policy performance evaluation of Board of Directors and / or member of Board of Commissioners, and propose candidates for the Board and / or members of Board of Commissioners. INDEPENDENCE OF REMUNERATION AND NOMINATION COMMITTEE MEMBERS Chairman of the Committee comes from an independent party and not have relationship finance, management, ownership and / or family members of Board of Commissioners, Directors and Controlling Shareholders or by. One other member is the Commissioner, and another is the executive officer of a unit of work HRD. REMUNERATION AND NOMINATION COMMITTEE MEETING Throughout 2016, the Remuneration and Nomination Committee convened a meeting of 13 (thirteen) times, discusses, among others: the nomination of director of operations, nomination director obedience, turnover on the board (of directors), the review of remuneration of employees, business director nomination, THR proposal to members of the audit committee and risk monitoring and the resignation of the commissioner and the nomination of a new commissioner. TERM REMUNERATION AND NOMINATION COMMITTEE MEMBERS Committee member terms are derived from BOC be adapted by period task/ appointment as members of Board of Commissioners set out in the AGM, while member commitment that is tailored to the HR Executive Officer of Bank employment regulations. Office Chai rman concurrentl y member Member *) Member **) Member

* ) Resigned effective September 21, 2016 * * ) Appointed through of Resolution No. 80 dated September 21, 2016 and has efekt if in accordance with the FSA No. SR-47 / PB.12 / 2017 dated M arch 9, 2017

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Financial Statement

Corporate Secretary

Internal Audit

Company Secretary appointed and removed, and responsible to Board of Directors. Appointment of Company Secretary refers to POJK 35 / POJK.04 / 2014 concerning Corporate Secretary for Public Listed Company.

PROFILE OF THE HEAD OF INTERNAL AUDIT Wan Maraden Sinaga, Born in Tanjung Balai, April 3, 1964, completed formal education at the University of Persada Indonesia S2 "YAI" Jakarta (1996). Experienced with early career as Finance Officer PT Santosa Asih Jaya (1989), Auditor and Tax Officer Public Accounting Firm (KAP) Rosse Touche Darmawan & Partners (1990-1991), Internal Audit PT Bank Ina Perdana (1991-1993), Planning & Control PT Bank Ina Perdana (1993-1996), Head of Internal Audit Unit PT Bank Ina Perdana (1997), Head of Banking Remedial PT Bank Ina Perdana (19982001), Head of Internal Audit Division of PT Bank Ina Perdana (2002) Head of Risk Management Unit PT Bank Ina Perdana (2002-2003), the Senior Audit Public Accounting Firm (KAP) Lodewijk Purba & Partners (2004), Head of Risk Management Unit Bank BHI (20042006), the Audit Committee and Risk Monitoring Committee of Bank BHI (2007-June 2008), Head Risk Management Unit Bank BHI (July 2008-2014), and 2015 until now as Head of Internal Audit Division of Bank BHI, has been Risk Management Certification Level III.

DUTIES AND RESPONSIBILITIES Following the development of capital markets, especially the legislation in force in the capital market: 1. To provide input to Board of Directors and Board of Commissioners of Public Listed Company to comply the provisions of laws invitation in the capital market. 2. To assist Board of Directors and the Board in the implementation of corporate governance include: a. Openness information to society, including availability information on the site of the Issuer or Public Company. b. Submission of a report to the Financial Services Authority on time. c. Implementation and documentation of the General Meeting of Shareholders. d. Implementation and meeting documentation management and / or the Board Commissioner. e. Implementation program orientation against the company for Board of Directors and / or Board of Commissioners. 3. As a liaison with shareholders, FSA and other stakeholders.

REPORTING 1. Delivering a report to the FSA regarding the appointment and dismissal of the Corporate Secretary 2. Load the site Public Company regarding the appointment and dismissal and void Corporate Secretary, accompanied by supporting information. 3. The Company Secretary shall make a report on a regular basis at least 1 (one) time in 1 (one) year on the implementation of the corporate secretary function for Board of Directors and forwarded to Board of Commissioners. Bank BHI Directors' Decree No.037 / SK-DIR / VIII / 2016 dated August 2, 2016 have appointed and lift Barlian Halim as the Secretary of the Company. History of education, occupation and work experience can be viewed on the Company Secretary Management Team profile. BRIEF DESCRIPTION OF DUTIES IN THE YEAR 2016 COMPANY SECRETARY During 2016, the Corporate Secretary has undertaken the following activities: 1. Holding a General Meeting of Shareholders 2016 2. Organizing General Meeting Extraordinary Shareholders 2016 3. Organize Public Expose

INTERNAL AUDIT WORK UNIT (SKAI) Accountability inspection tasks Internal Audit Unit directly addressed to the Director following completion of the evaluation of supervision and inspection according to the inspection activity off site and examination on site into branches or units auditable (Post ante). Supervision and This examination aims to ensure that the systems and procedures which made the bank can be run in accordance with common banking practices and the implementation of all relevant obligations in order to measure the level of measurable risk. Internal Audit Unit (SKAI) in exercising oversight and inspection using a risk-based audit methodology and an active role for the effectiveness of the internal control system on an ongoing basis, apart function supervision and examination, function audit Internal Bank which carried out by the Internal Audit Unit (SKAI) guided by Bank Indonesia regulation concerning Assignment of Compliance Director and Implementation of Standard Implementation of Commercial Bank Internal Audit Function as had been arranged in the correct PBI. Audit Unit Leader Intern holder Level III certification Risk Management and the entire staff of the Internal Audit Unit has followed Risk Management certification level II. Based on Internal Audit Charter Function and Scope of Duties Internal Audit is to provide assurance and consulting services that are independent and objective in order to provide added value and improvement of the bank's operations. SKAI help the bank achieve its goals through the use of a systematic method for evaluating and improving the effectiveness of risk management, internal control and governance processes.

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DUTIES AND RESPONSIBILITIES OF INTERNAL AUDIT The Internal Audit Unit is responsible for: 1. Establish an annual audit plan that is risk based approach right, including the risks and exposures internal control system which according to the management objectives. 2. Implement the annual audit plan approved included with specific tasks requested by management, the Board and the Financial Services Authority. 3. Carry out audit activities in accordance with the methodology in Bank BHI. 4. Deliver Inspection Report (LHP) and Memonitoring on an ongoing basis on key findings that need to be followed up and deliver development to management and the Audit Committee. 5. Evaluate the adequacy of asset security and control in the form of verification of the availability of a number of assets owned by Bank BHI. 6. Develop a professional audit staff including by providing professional certification in order to meet the qualifications in accordance with the internal audit charter. Task Audit Unit Internal guard, improve and create added value for stakeholders through alignment activity internal control with Business Objective Bank BHI with the main target is to convince and examine the internal control process and governance designed by the management as well as the adequacy of the functioning of the organization. BRIEF STATEMENT OF INTERNAL AUDIT ACTIVITIES IN 2016 Throughout 2016, the implementation of audit tasks run in accordance with the audit work plan in 2016 to implement a risk-based audit methodology and all reports have been submitted to the examination results that should receive the examination report. Audit activities throughout 2016 also reflect activities that maintain the quality of sound banking financial control by maintaining the operational quality the line with laws and rules set by the supervisory authority. INTERNAL CONTROL SYSTEMS Implementation review on effectiveness system Internal control is also carried out before and after the field inspection carried out by ensuring compliance with legislation and regulations that apply already running, compliance with internal policies and regulations such as the implementation of Standard Operating Procedures, availability information financial and other management information, operational efficiency and effectiveness as well as the effectiveness of the bank's risk culture.

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Company Profile

External audit The function of independent oversight of the financial aspects of the Bank is done by carrying out checks External Audit conducted by the Public Accounting Firm (KAP). External auditors who examine the financial statements of the Bank BHI fiscal year 2016 carried out in accordance with the mechanism of procurement regulations. To guarantee the independence and quality of the results of the examination, the appointed external auditor should not have a conflict of interest with the Bank. Bank BHI always seeks to improve communication between the Office of Public Accounting, Audit Committee and Management to be able to minimize the constraints that occur during the audit process. In order for the audit process in accordance with Accounting Professional Standards as well as employment contracts and scope of the audit has been defined and completed in accordance with the target time has been set, regularly conducted meetings to discuss several issues of significant importance. PUBLIC ACCOUNTING FIRM The Public Accounting Firm, Name Public Accountants, which audited the 2016 financial statements as follows.

Hendrawinata & Eddy Siddharta & Tanzil 18th Office Park Tower A 20th floor Jl. TB Simatupang No. 18 Pasar Minggu Jakarta 12520 Telp. (021) 2270 8292 Faks. (021) 2270 8299 No. STTD : 24/BL/STTD- AP/2007 Professional Standards: Professional Standards of Public Accountants set by IAPI License o f Public Accountant

: AP.0127



Financial Statement

Internal Fraud When referring to the provisions of Bank Indonesia, the Bank shall disclose any fraud (fraud) if the impact of irregularities worth more than Rp 100,000,000 (one hundred million rupiah). Fraud potentially occurs at all levels and the level of organization of the bank. Banks constantly improve and strengthen the control system internal to narrow the possibility of fraud. Internal infrastructure that is built is to develop strategies that poured into the Anti-Fraud Guidelines and Reporting Policy Violation (Whistleblower System) with emphasis to the disclosure of a complaint. Guidelines and Reporting Policy is expected to encourage the awareness of every employee to report any potential fraud that occurred.

Salary Ratio Highest and Lowest Salary Related to salary ratio Employees, Directors and Commissioners in 2016 can be described according to the table below: Table Ratio Highest Salaries and Wages Lowest 2016 Scale Comparison of Highest and Lowest Salary Ratio Highes t and Lowes t Employee Salary Ratio Highes t and Lowes t Board of Directors Salary Ratio Highes t and Lowes t Commis s ioner Salary Ratio Highes t Board of Directors Salary Ratios and Highes t Staff

Ratios 2016 14,83 x 1,31 x 1,17 x 2,44 x

Legal issues In 2016, the Shareholders and Board of Directors as well as the Commissioner personally, have no judge actions civil, criminal, dispute labor and disputes over state administration and case other case involved directly or indirectly involves or affects the company and / or members of Commissioners and Board of Directors either in the office or personally before the judicial bodies generally, the Industrial Relations Court, Indonesian National Arbitration Board as well as other court (Tax) as well as not being in a state to be summoned from other parties and or given a warning and / or in case of any dispute which of these things can affect materially the business continuity of the Company at a later date. However, the company is facing a tax case in which by virtue of notice of Examination with No.php006 / WPJ-02 / KP.10 / 2015 dated January 20, 2015 issued by the Office of Tax Payments Madya Pekanbaru on the basis of the

inspection findings underpayment of Income Tax (Pph) Article 4, paragraph 2 past tax year January to December 2012 with the disputed amount of Rp 469 874 891, - four hundred and sixty-nine million eight hundred and seventy-four thousand eight hundred and ninety one rupiah) and by letter No. S-525 / WPJ.02 / 15 Final Discussion regarding audit results. Until now the company has made a response or decision regarding the result of the examination. The tax authorities rejected the objection KPP Madya Pekanbaru Company, on the matter of the Company filed an appeal to the Tax Court and is currently in the process is still ongoing tax court.

Conflict of Interest Transactions Throughout 2016 there transaction significant conflict of interest and would endanger the existence of banks that need to be documented. The Bank has policies, systems and procedures for the settlement of conflicts of interest as outlined in the regulations.

Code of Ethics and Corporate Culture Bank BHI has a Code of Conduct as a guide guiding standard for all employees of Bank BHI in the act and behaves according to moral principles or values that reflect the integrity of Bank BHI’s Staff. Broadly speaking, the Bank BHI Code governing the following matters: 1. Ethics and Conduct. 2. Ethics and Conduct of Board of Commissioners. 3. Ethics and Conduct Board of Directors. 4. Ethics and Conduct. 5. Accounting Policy and Finance. 6. Conflict of Interest. 7. Implementation and Violations of Ethics and Conduct.

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82


Management Report

Violation Reporting System (Whistleblowing System) Have been prepared and put in place since April 22, 2014 the existence of this system could be an early detection tool (Early warning system) in the face of any potential adverse violation Bank financially as well as any offense that extends to Reputation Risk Bank. In addition, the existence of this system will also foster the reluctance of all parties concerned with Bank BHI for a foul for their supervision of many parties. The reporting mechanism by reporting violations to specific e-mail address for receipt of the report. Rapporteurs should ensure the correctness of the information submitted includes: 1. Performer. 2. Chronology Reporting. 3. Violations Committed.

Company Profile


The composition of the Bank's shareholder BHI per December 31, 2016 DESCRIPTION PT Ha kimputra Perka s a Kwee Sinto Community (under 5%) TOTAL


APU and PPT Program Implementation for Commercial Banks

Bank BHI has been through the IPO process issuing shares. For 2016, Management does not have grounds to do buy back shares this.

APU and PPT Program Implementation guided by Bank Indonesia Regulation no. 14/27 / PBI / 2012 dated December 28, 2012, as well as Bank Indonesia Circular Letter No. 15/21 / DPNP dated June 14, 2013 concerning the Implementation of Anti-Money Laundering and Combating the Financing of Terrorism for Commercial Banks. The bank's business risk potential increases with the increasing complexity of the variety of products and banking services and information technology, which can be exploited by certain parties to commit money laundering and terrorism financing. These conditions encourage banks to seriously improve the quality of risk management related to anti-money laundering and combating the financing of terrorism. Steps taken by the Bank is to maximize the function of monitoring the implementation of the Anti-Money Laundering and Combating the Financing of Terrorism and supported by the availability of written policies and procedures in accordance with the rules of the BI and general principles. Implementation of an effective internal control system will expose the limits of authority and responsibility for all work units including the role of Internal Audit. In addition to the existing management information system is directed to identify, analyze, monitor and report effectively all operational and financial activities of banks, including sorting between transactions Hound with non-suspicious and that more important is improve the competence and quality of existing human resources by conducting continuous education and training.

Controller Shareholder Information

Equal To the Entire Shareholders

The majority shareholder of Bank BHI now PT Putra Perkasa judge which is the holding company of several companies engaged in the financial sector. Besides being a shareholder in Bank BHI, the company is also a shareholder in BPR Varia Centra Artha and BPR Cahaya Wira Putra.

In accordance with the provisions inter alia Limited Liability Company Act and Regulations Services Authority, the treatment of all shareholders equally, among others: (1) Information on the financial statements can be accessed on the Bank web site. (2) The announcement, call a General Meeting of Holders of Shares who conducted openly through Newspaper. (3) Have an equal opportunity to speak at the general meeting of shareholders.

Every complaint / disclosure violations related and / or performed by stakeholder BHI will be followed by the Bank through the Director of Compliance. And every complaint / disclosure violations related and / or carried out by Board of Directors, Board of Commissioners and / or Shareholders will be followed by the Bank Management BHI involving the Financial Services Authority, if necessary. Bank BHI guarantee protection for the Reporting of all forms of threats, intimidation, or disagreeable actions of any party during the Reporting maintain the confidentiality breach complained. Bank BHI protection also applies to the parties to carry out the investigation as well as those who provide information relating to Complaint / The Revelation.

Buy Back Shares and / or Buy Back Bank Bonds

83

Annual Report 2016



Financial Statement

Information Technology Management

To support enhancements end to end process Credits include: Credit Initiation Process, Process Review, Credit Approval Process, Binding Process, Process Accounting / Credit Disbursement and Monitoring Processes, necessary for the development of Management Information Systems. The system is expected to assist in decision-making by management, especially in the credit process and in the management and monitoring (need supervision and control) the credit process from the initial filing until the loan is paid off. Credit approval process can be done quickly in accordance with Service Level Agreement (SLA) which has been specified. Loan Origination System (LOS) Management Information System will be developed to support end to end process the credit. LOS with the development application is expected to: 1. Credit application process becomes faster. 2. Integrated credit application process. 3. Provided complete reports for management needs. 4. service Level of each unit can be monitored. 5. Do the standardization of quality Approval. 6. Simplify the audit process both by internal and external auditors.

In addition to the development of Management Information System for the field of credit will do well development to support Bank BHI operations in order to more easily and efficiently. These developments include: 1. Evaluation and reimbursement forms and printed materials in the form / digital formats such as: • Forms Customer / CIF • Account opening • Form Instructions / memorandum between the part and others 2. Digitization of the archive storage (archiving) for vouchers and media transactions more which is expected to facilitate the storage and data retrieval when needed.

2016 Annual Report

84


Company Profile

Management Report


Risk management Bank BHI’s Risk management principle done proactively to achieve the financial and operational growth of a healthy and sustainable and maintain the level of riskadjusted return optimized in accordance with the risk appetite which are desired. A commitment of Bank BHI in implementing good corporate governance practices are good especially in terms of risk management, the Bank BHI has developed policies, processes, competence, accountability, reporting and supporting technology that aims to make the management of risk in the Bank organization BHI are always effective and efficient. In the application of risk management, the Bank BHI always dutiful toward regulation and legislation in force in Indonesia with reference to OJK Regulation No.17 / POJK.03 / 2014 and the OJK Circular Letter No.14 / SEOJK.03 / 2015 concerning Application Integrated Risk management For conglomeration financial, OJK Regulation No.18 / POJK.03 / 2014 and Letter orbit OJK 15 / SEOJK.03 / 2015 on the Application of Integrated Governance for Financial conglomerate, Regulation OJK No.4 / POJK.03 / 2016 on the Assessment of Commercial Banks, as well as the OJK Regulation No.18 / POJK.03 / 2016 and Letter orbit OJK 34 / SEOJK.03 / 2016 concerning Application of Risk Management for Commercial Banks. Bank will continue to develop and advance the adoption of a comprehensive risk management in the operations of the business are also aspects / components in risk management as the cornerstone of ratings assigned as identification risk, measurement, monitoring and risk management. It is intended to obtain information about their potential risks early and then take appropriate steps to minimize the impact of risk in order to strengthen the application of risk management with regard to the development of business and policy of the current Financial Services Authority. Several things development and improvement the application of risk management are as follows: • Ensuring availability of policies and risk limits are supported by procedures, reports, and information systems that provide information and analysis to accurately and timely to management including setting step the face of changing market conditions. • Comprehensive control measures to provide reasonable assurance (reasonable assurance) effectiveness and efficiency towards the achievement of our goals. At the level of organization, control objectives internal relating to the reliability of financial reporting, timely feedback on the achievement of operational and strategic objectives, as well as compliance.

85

Annual Report 2016

•

Socialization of cultural awareness of the risks and improving the competence of human resources to risk management

ACTIVE CONTROL OF DIRECTORS AND BOARD OF COMMISSIONERS Governance framework and risk management at the Bank BHI consisting of BOC run the risk oversight function (risk oversight) through the Audit Committee, Risk Monitoring Committee (KPR) and Integrated Governance Committee (TKT), as well as Board of Directors who perform the function of risk policy (risk policy) through Executive Committee related risk management is Risk Management Committee, Asset & Liability Committee, and Integrated Risk Committee. At the operational level, Risk Management Unit together with the predictable results. Business Unit and the Compliance Unit perform the functions of risk identification, risk assessment, mitigation risk and risk control. In simple, governance framework and risk management BHI as mentioned above can be described as follows: POLICY SUPPLY, PROCEDURES, AND STIPULATION OF LIMIT RISK MANAGEMENT Bank BHI has a Risk Management Policy which serves as the main guideline in implementing risk management. For more specific business areas, Bank BHI has more specific policies and procedures, for example in the areas of credit, treasury, and operations. In such policies and procedures, among others regulated on the determination of the limit for each activity, both at the portfolio level and transactional. All policies and procedures in Bank BHI are a form of risk management inherent in every Bank operational activity evaluated and updated at least once a year. In providing direction on Policy application of risk management in accordance with the vision, mission and strategic plan of the bank, Bank BHI focused on the risks relevant to use of credit laws and regulations. At the level of specific functional activity of banks, namely: Credit Risk a) Evaluation procedures regarding the loan process: • Improving the quality of analysis • Improving the quality approval • There are no irregularities in the disbursement / use of credit


b.

c.

d.


Implementation monitoring pro-active by analyzing information from all sources information available (improving and implementing early warning system as early detection matters related to lending activities). Treatment of non-performing loans will do as rescheduling, Reconditioning, Restructuring, combination of Rescheduling, Reconditioning and Restructuring, Security foreclosure. The adequacy of the collateral value against the total credit facility.

Market Risk Evaluation of the transactions carried Treasury Division from the purchase of securities transactions with the objective of trading book and banking book (available for sales) to toggle cover potential losses due to fluctuations in interest rates. Operational Risk To disseminate the above policy Event risk in order to optimize implementation risk identification on each work units, through Event Risk Policy on each unit to be able to do reporting on what is going to attempt to do the necessary preventive measures in the future. Liquidity Risk • Decrease number-term liabilities short. • Get contingent stand-by credit lines, from other banks that provide guarantees to lend funds in times of crisis. PROCESS IDENTIFICATION, MEASUREMENT, MONITORING, CONTROL RISKS AND RISK MANAGEMENT INFORMATION SYSTEM Bank BHI runs Identification Process, Measurement, Monitoring, Risk Control and Risk Management Information System through a framework Enterprise Risk Management (ERM). The Bank ERM implementation BHI approach two-prong, that is capital and risk management through risk management through operational activities, as seen in the chart below:

1.

Organization and Human Resources Risk Management Unit Bank BHI is responsible for managing all the risks faced by Bank BHI, including in terms of development tools support is needed in business processes and risk management. In addition, there is a working unit that acts as a counterparty risk of each business unit in the process of crediting the four-eyes.

Financial Statement

Recognizing that risk management is the responsibility of the entire unit at Bank BHI, the successful management of risk is determined by their risk awareness in all work units Bank BHI accompanied by the necessary technical competence. Therefore, the Bank BHI constantly improving the capabilities and knowledge of all employees, especially in case management risk, with organizes regular internal training through Risk Management Academy. In addition, the Bank BHI also regularly at least once a year regards risk management in line with the internalization of the corporate culture. 2. Policies and Procedures Policies and procedures of the Bank's Risk Management Policy BHI serve as the main guidelines in implementing operational risk management and capital management at Bank BHI include: a) Precautionary Principle, including provision of Minimum Capital Adequacy, Early Warning System, Limit and Risk Diversification. b) Risk management, including risk profile, risk Appetite and Risk Tolerance, Stress Testing and Integrated Risk Management. c) Risk management for each type of risk cover process identification, measurement, monitoring, and controlling risks. d) Risk monitoring, which includes monitoring the implementation of risk management activities / methodologies at Bank BHI, as well as the Internal Control System. 3. Systems and Data Risk Management system was developed to support business processes more efficient so that decisions can be faster but still refers to the principle of prudence. In order to maintain the integrity and quality of the data, the Bank has implemented BHI Integrated Processing System and Loan Origination System to improve the efficiency of the credit process and to maintain the quality of data in corporate, commercial and retail. To increase the productivity of activity collection particularly in the consumer segment and retail, Bank BHI implements Integrated Collection System. Bank BHI using ALM System to manage risk trading book and banking book in activities treasury and asset and liability management. To get an overview of the Bank's risk profile, both as a parent company BHI or Bank BHI's risk profile on a consolidated and integrated with the related company (Sister Company), Bank BHI already implements risk Profile Integrated to facilitate control to application Integrated Risk Management.

2016 Annual Report

86


Management Report

In terms of risk management integration bank wide, Bank BHI has implemented ERM system as a means to monitor the overall risk management, especially in calculating capital To toggle cover all types of risk. ERM system has the capability to perform calculations capital charge (Standardized Approach and Advanced Approach), implementation operational risk management tools, active portfolio management, and stress testing. 4. Methodology / Model & Analysis Bank BHI sustainably implement risk measurement refers to international best practices using quantitative and qualitative modeling approach through the development of such risk models rating, scoring, Value at Risk (VaR), portfolio management, stress testing and other models as support judgmental decision making. Periodically, the risk models calibrated and validated by an independent SKMR to maintain the reliability and validity of the model as well as meet regulatory requirements. In the framework of harmonization between the implementation of Basel II and ERM with Basel II regulation and implementation best practice, Bank BHI in collaboration with one of the leading consultants in the field of risk management to help process adoption and implementation framework Basel II and ERM. Implementation of Basel II and ERM in Bank BHI covers an area of Credit Risk, Market Risk, Liquidity Risk, and Interest Rate Risk on Banking Book Position, Operational Risk and Capital Management Internal Capital Adequacy Assessment Process (ICAAP). INTERNAL CONTROL SYSTEMS Bank BHI execute effective risk management practices throughout the unit working with implementing Policy three line of defense models with the following conditions: 1. Work Unit as risk owner constitute first line of defense which is responsible for Risk Management of its businesses. 2. Unit risk Management Act as second line of defense which perform the function oversight. 3. The Internal Audit Unit as third line of defense which perform the function independent assurance. Implementation of Internal Control System on Risk Management function is a shared responsibility both neither first, second nor third line of defense.

87

Annual Report 2016

Company Profile


CAPITAL ADEQUACY In order to provide added value to the stakeholders as well as the form of the Bank's compliance BHI to comply with capital adequacy set by the regulator, the Bank BHI always guarantees and to ensure that the capital structure of the Bank BHI strong enough to support the business development strategies of today's business and maintaining business continuity in the future. Risk management in the Bank's capital aspect of BHI includes diversify their capital resources in accordance with a long-term strategic plans and policies in an efficient allocation of capital to the business segments that have profiles risk-return optimal. It aims to meet expectations stakeholder including investors and regulators. Bank BHI ensure you have the capital adequacy To toggle cover credit risk, market risk and operational risk, either under the provisions of regulation (Regulatory capital) as well as internal needs (Economic capital). Bank BHI refers to the regulation of Bank Indonesia and the Financial Services Authority.

In addition to the above calculation, Bank BHI is also developing the calculation of capital adequacy with reference to Pillar 2 of Basel II or better known as approach Assessment Internal Capital Adequacy Process (ICAAP). ICAAP include the determination risk appetite, overall risk assessment, capital planning, and bank-wide stress testing.



Financial Statement

Table Capital Structure (in millions rupiah) I

KOMPONEN MODAL Modal Inti (Tier 1 ) 1 Modal Inti Utama/Common Equity Tier 1 (CET 1) 1.1 Modal Disetor (setelah dikurangi Treasury Stock ) 1.2 Cadangan Tambahan Modal 1.2.1 Fa ktor Pena mba h 1.2.1.1 Penda pa ta n komprehens i f l a i nnya

2016 338,105 338,105 365,000

2015 352,847 352,847 -

(9,792)

-

48,094

-

22,777

-

1.2.1.1.1 Sel i s i h l ebi h penja ba ra n l a pora n keua nga n

-

-

1.2.1.1.2 Potens i keuntunga n da ri peni ngka ta n ni l a i wa ja r a s et keua nga n da l a m kel ompok ters edi a untuk di jua l 1.2.1.1.3 Sa l do s urpl us reva l ua s i a s et teta p

-

-

1.2.1.2 Ca da nga n ta mba ha n moda l l a i nnya (other disclosed reserves ) 1.2.1.2.1 Agi o 1.2.1.2.2 Ca da nga n umum 1.2.1.2.3 La ba ta hun-ta hun l a l u 1.2.1.2.4 La ba ta hun berja l a n 1.2.1.2.5 Da na s etora n moda l

22,777

-

25,317

-

16,230

-

2,000

-

7,087 -

1.2.1.2.6 La i nnya 1.2.2 Fa ktor Pengura ng 1.2.2.1 Penda pa ta n komprehens i f l a i nnya 1.2.2.1.1 Sel i s i h kura ng penja ba ra n l a pora n keua nga n 1.2.2.1.2 Potens i kerugi a n da ri penuruna n ni l a i wa ja r a s et keua nga n da l a m kel ompok ters edi a untuk di jua l 1.2.2.2 Ca da nga n ta mba ha n moda l l a i nnya (other disclosed reserves ) 1.2.2.2.1 Di s a gi o 1.2.2.2.2 Rugi ta hun-ta hun l a l u 1.2.2.2.3 Rugi ta hun berja l a n 1.2.2.2.4 Sel i s i h kura ng a nta ra Penyi s i ha n Pengha pus a n As et (PPA) da n Ca da nga n Kerugi a n Penuruna n Ni l a i (CKPN) a ta s a s et produkti f 1.2.2.2.5 Sel i s i h kura ng juml a h penyes ua i a n ni l a i wa ja r da ri i ns trumen keua nga n da l a m Tra di ng Book 1.2.2.2.6 PPA a s et non produkti f ya ng wa ji b di bentuk 1.2.2.2.7 La i nnya 1.3 Kepentingan Non Pengendali yang dapat diperhitungkan 1.4 Faktor Pengurang Modal Inti Utama 1.4.1 Perhi tunga n pa ja k ta ngguha n 1.4.2 Goodwi l l 1.4.3 Sel uruh a s et ti da k berwujud l a i nnya 1.4.4 Penyerta a n ya ng di perhi tungka n s eba ga i fa ktor pengura ng 1.4.5 Kekura nga n moda l pa da perus a ha a n a na k a s ura ns i 1.4.6 Eks pos ur s ekuri ti s a s i 1.4.7 Fa ktor pengura ng moda l i nti uta ma l a i nnya 1.4.7.1 Penempa ta n da na pa da i ns trumen AT 1 da n/a ta u Tier 2 pa da ba nk l a i n 1.4.7.2 Kepemi l i ka n s i l a ng pa da enti ta s l a i n ya ng di perol eh berda s a rka n pera l i ha n ka rena hukum, hi ba h a ta u hi ba h wa s i a t 2 Modal Inti Tambahan/Additional Tier 1 (AT-1) 2.1 Ins trumen ya ng memenuhi pers ya ra ta n AT 1 2.2 Agi o / Di s a gi o 2.3 Fa ktor Pengura ng Moda l Inti Ta mba ha n 2.3.1 Penempa ta n da na pa da i ns trumen AT 1 da n/a ta u Tier 2 pa da ba nk l a i n 2.3.2 Kepemi l i ka n s i l a ng pa da enti ta s l a i n ya ng di perol eh berda s a rka n pera l i ha n ka rena hukum, hi ba h a ta u hi ba h wa s i a t II Modal Pelengkap (Tier 2) 1 Instrumen modal dalam bentuk saham atau lainnya yang memenuhi persyaratan Tier 2 2 Agio/Disagio 3 Cadangan umum PPA atas aset produktif yang wajib dibentuk (paling tinggi 1,25% ATMR Risiko Kredit) 4 Faktor Pengurang Modal Pelengkap 4.1 Sinking Fund 4.2 Penempa ta n da na pa da i ns trumen Tier 2 pa da ba nk l a i n 4.3 Kepemi l i ka n s i l a ng pa da enti ta s l a i n ya ng di perol eh berda s a rka n pera l i ha n ka rena hukum, hi ba h a ta u hi ba h wa s i a t TOTAL MODAL ASET TERTIMBANG MENURUT RISIKO ATMR RISIKO KREDIT ATMR RISIKO PASAR ATMR RISIKO OPERASIONAL TOTAL ATMR RASIO KPMM SESUAI PROFIL RISIKO 2016 RASIO KPMM Rasio CET1 Rasio Tier 1 Rasio Tier 2

-

57,886

-

-

-

-

-

-

-

57,886 32,796 19,301

-

5,789 17,103 11,377 5,726 -

-

11,469 11,469 -

12,770 -

349,574

365,617

1,436,641 173,922 1,610,563 10.00%

1,483,827 12,077 161,151 1,657,055 9.00%

20.97% 20.97% 0.71%

21.29% 21.29% 0.77%

Annual Report

88


Management Report

ASET TERTIMBANG MENURUT RISIKO ATMR RISIKO KREDIT ATMR RISIKO PASAR ATMR RISIKO OPERASIONAL TOTAL ATMR RASIO KPMM SESUAI PROFIL RISIKO RASIO KPMM Rasio CET1 Rasio Tier 1 Rasio Tier 2 Rasio Total ALOKASI PEMENUHAN KPMM SESUAI PROFIL RISIKO Dari CET 1 (%) Dari AT 1 (%) Dari Tier 2 (%) CET 1 UNTUK BUFFER (%) PERSENTASE BUFFER YANG WAJIB DIPENUHI OLEH BANK (%) Capital Conservation Buffer (%) Countercyclical Buffer (%) Capital Surcharge untuk Bank Sistemik (%)

Bank BHI’s capital always prepare to face the minimum capital requirements in accordance with the provisions of the FSA. In the position in December 2016, the CAR of 21.73% Bank BHI has met the minimum capital in accordance with the provisions of the FSA. IMPLEMENTATION OF RISK MANAGEMENT IN PARTICULAR IN BANK BHI Bank BHI manages nine types of risk are credit risk, market risk, liquidity risk, operational risk, operational risk, legal risks, strategic risk, risk reputation, compliance risk, and the risk of intragroup transactions. Risk management that affect the calculation of capital reserves are credit risk, market risk and operational risk. The following will be discussed further on risk impact on the calculation of capital reserves and liquidity risk: CREDIT RISK Bank BHI establishes its own definition for bills that are due and the bills are impaired. The bill which has matured is the entire bill / group of bills that are overdue for more than 90 (ninety) days, either on the payment of principal and / or interest payments. Bank BHI of concern affecting the ability of debtors to pay in the future to the detriment of the loans held by Bank BHI. In the event of impairment on these loans, so that the value credit recorded after impairment are less than the carrying value of the beginning, then there must be established a reserve for impairment losses (CKPN) to cover losses due to the decline in the value. CKPN is the provision has been calculated from the amount of impairment of a financial asset evaluated both individually and collectively.

89

Annual Report 2016

Company Profile


1,435,089 173,922 1,609,011 10.00%

1,483,827 12,077 161,151 1,657,055 9.00%

21.01% 21.01% 0.71% 21.73%

21.29% 21.29% 0.77% 22.06%

9.29% 0.00% 0.71% 11.73% 0.00% 0.00% 0.00% 0.00%

8.21% 0.00% 0.79% 12.90% 0.00% 0.00% 0.00% 0.00%

Some things that would be of concern in the credit risk management, among others: • Credit organizations will continue to be refined with an emphasis on the application of the principle of "four eyes" (Four-eyes principle) Where decision credit taken by consideration of two side, that inside business development and analysis of the credit risk that the credit process is not too long and have Value Added. • Completion of procedures and credit risk management system is done through the development of "Loan Origination System" namely assessment credit granting process (from beginning to end) done with the integrated system so that the loan process can be more effective and efficient, through the system are expected Bank will not experience an increase in credit risk caused by the weak level of credit analysis, credit approval process, weak Cross Functional, and diversion plan. • Risk profile measurement system being developed that can be applied as a whole, as well as a database of credit (data warehouse) as the basis of measurement and information for the purpose of credit policies.


Financial Statement


•

Conducting periodic assessment of the policies and procedures, risk appetite, limits / authority to grant credit based on the dynamics of business and the ability of the Bank’s capital. • Improve the function of monitoring and management of commercial and corporate credit risk in the work unit Credit Quality Control as part of an early detection system to a debtor existing, especially the substantial and, or start showing symptoms would be problematic. • Prevent lending to finance such activity; Start-ups, Speculation, Consolidation, Restructuring, Mergers or acquisition, Side Streaming, where it This will cause the potential for increased losses on Credit Risk. Selection of the collateral is based on the rule of law, low correlation between credit quality and value of collateral, marketability or the ability of the current economic value of the collateral is liquidated, and ease of identification locations collateral.

PORTFOLIO MANAGEMENT AND RISK CONCENTRATION Risk management at the portfolio level is done by grouping the industrial sector by industry, taking into account factors such as prospects for the industry / sector, the Bank's internal expertise and portfolio performance. Furthermore, in each sector will be determined in risk Appetite and risk Tolerance in accordance with the maximum credit allocation based on the level risk and return of each industry. While risk management at the level of debtors established through the provision in-house limit with attention to the needs and financial ability of the debtor and Lending Limit (LLL) established the Financial Services Authority.

Exposure Disclosure Table on the Balance Sheet Assets (in millions rupiah) No (1)

1 2 3 4 5 6 7 8 9 10 11

No (1)

1 2 3 4 5 6 7 8 9 10 11

Portfolio Category (2)

Receivables from Government Receivables from Public Sector Entities Receivables from Multilateral Development Banks and International Institutions Receivables from Banks Residential Property Collateralized Loans Commercial Property Collateralized Loans Employee/Retirement Loans Small Businesses and Retail Portfolios Receivables from Corporations Overdue Receivables Other Assets Total



Net Receivables

2016 RWA PRE MRK

RWA POST MRK

(3)

(4)

(5)

410,418 2,047 48,961 63,668 40,354 90,451 1,168,281 35,663 156,470 2,016,313

Net Receivables (6) 352,830 2,048 76,918 80,454 55,703 155,961 1,202,095 6,374 115,235 2,047,618

409 11,559 23,259 40,354 67,838 1,166,165 52,145 1,361,729

409 11,559 23,259 39,356 64,850 1,060,960 52,145 181,364 1,433,902

2015 RWA PRE MRK

RWA POST MRK

(7)

(8)

410 19,675 29,609 55,703 116,971 1,176,873 9,518 1,408,758

2016 Annual Report

410 19,675 29,609 54,716 113,042 1,050,762 9,518 121,399 1,399,131

90



Company Profile

Management Report

COMPOSITION OF BANK CREDIT PER BHI ECONOMIC SECTOR

Table Disclosure of Net Claim Based on Portfolio Category and Rank Scale - Bank Individually (in million Rupiah) 2016

No

Portfolio Category

Ratings Agency Standard and Poor’s Fitch Rating

AAA

AA+s.d BBB+s.d A+s.d ABB+s.d BB- B+s.d BAABBB-

< B-

A-1

A-2

A-3

< A-3

AAA


< B-

F1+ s.d F1

F2

F3

< F3

Moody’s

Aaa

Aa1 s.d Aa1 s.d Baa1 s.d Aa3 A3 Baa3

P-1

P-2

P-3

< P-3

F2(idn)

< F3(idn)

Long term Rating

PT. Fitch AA+(idn A+(idn) AAA(idn Ratings ) s.d AA- s.d A) Indonesia (idn) (idn) PT.ICRA [Idr]AAA Indonesia

(1) 1 2 3

4 5 6 7 8 9 10 11

91

PT. Pemering kat Efek Indonesia (2) (3) Recei va bl es from Government Recei va bl es from Publ i c Sector Enti ti es Recei va bl es from Mul ti l a tera l Devel opment Ba nks a nd Interna ti ona l Ins ti tuti ons Recei va bl es from Ba nks Res i denti a l Property Col l a tera l i zed Loa ns Commerci a l Property Col l a tera l i zed Loa ns Empl oyee/Reti remen t Loa ns Sma l l Bus i nes s es a nd Reta i l Portfol i os Recei va bl es from Corpora ti ons Overdue Recei va bl es Other As s ets Total

idAAA (4) -

Short Term Rating

Ba1 s.d Ba3

B1 s.d B3

< B3

BBB+(id BB+(idn) n) s.d s.d BBBBB(idn) (idn)

B+(idn) s.d B(idn)

< B(idn)

F1+(idn) s.d F2(idn) F1(idn)

Total

[idr]AA+ [idr]A+ [idr]BBB [idr]B+ [idr]A1+ [idr]A2+ [idr]A3+ [idr]BB+ < s.d s.d + s.d s.d < [idr]Bs.d s.d s.d s.d [idr]BB[Idr]A3 [idr]AA- [idr]A- [idr]BBB[idr]B[Idr]A1 [Idr]A2 [Idr]A3 idAA+ idA+ s.d s.d idAA- idA-

id BBB+ id BB+ s.d id B+ s.d s.d id < id Bid BBid BBBB-

(5) -

(6) -

(7) -

2,048

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(8) 410,419

idA1

idA2

idA3 s.d < idA4 id A4

(9) -

(10) -

(11) -

(12) -

(13) -

(14) -

-

-

-

-

-

-

-

-

-

-

-

48,962

-

-

-

-

63,668

-

-

-

-

40,355

-

-

-

-

-

-

-

-

-

-

-

2,048

-

-

Annual Report 2016

No ranking

-

(16) 410,419

-

-

2,048

-

-

-

-

-

-

-

-

48,962

-

-

-

-

-

63,668

-

-

-

-

-

-

40,355

-

-

-

-

-

-

-

90,452

-

-

-

-

-

-

-

-

1,105,697

-

-

-

-

-

-

62,584 1,168,281

-

35,268 1,794,820

-

-

-

-

-

-

395 35,663 156,470 156,470 219,449 2,016,317

-

(15)

90,452


Financial Statement


2015

No

Portfolio Category

Ratings Agency Standard and Poor’s Fitch Rating

AAA


< B-

A-1

A-2

A-3

< A-3

AAA


< B-

F1+ s.d F1

F2

F3

< F3

Moody’s

Aaa

Aa1 s.d Aa1 s.d Baa1 s.d Aa3 A3 Baa3

P-1

P-2

P-3

< P-3

F2(idn)

< F3(idn)

Long term Rating

PT. Fitch AA+(idn A+(idn) AAA(idn Ratings ) s.d AA- s.d A) Indonesia (idn) (idn) PT.ICRA [Idr]AAA Indonesia

(1) 1 2 3

4 5 6 7 8 9 10 11

PT. Pemering kat Efek Indonesia (2) (3) Recei va bl es from Government Recei va bl es from Publ i c Sector Enti ti es Recei va bl es from Mul ti l a tera l Devel opment Ba nks a nd Interna ti ona l Ins ti tuti ons Recei va bl es from Ba nks Res i denti a l Property Col l a tera l i zed Loa ns Commerci a l Property Col l a tera l i zed Loa ns Empl oyee/Reti remen t Loa ns Sma l l Bus i nes s es a nd Reta i l Portfol i os Recei va bl es from Corpora ti ons Overdue Recei va bl es Other As s ets Total

idAAA (17) -

Short Term Rating

Ba1 s.d Ba3

B1 s.d B3

< B3

BBB+(id BB+(idn) n) s.d s.d BBBBB(idn) (idn)

B+(idn) s.d B(idn)

< B(idn)

F1+(idn) s.d F2(idn) F1(idn)

No ranking

Total

[idr]AA+ [idr]A+ [idr]BBB [idr]B+ [idr]A1+ [idr]A2+ [idr]A3+ [idr]BB+ < s.d s.d + s.d s.d < [idr]Bs.d s.d s.d s.d [idr]BB[Idr]A3 [idr]AA- [idr]A- [idr]BBB[idr]B[Idr]A1 [Idr]A2 [Idr]A3 idAA+ idA+ s.d s.d idAA- idA(18) -

id BBB+ id BB+ s.d id B+ s.d s.d id < id Bid BBid BBBB-

(19) -

(20) -

(21)

idA1

idA2

idA3 s.d < idA4 id A4

-

(22) -

(23) -

(24) -

(25) -

(26) -

(27) -

(28) 352,830

(29) 352,830

-

2,048

-

-

-

-

-

-

-

-

-

-

2,048

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,035

-

-

-

-

-

-

-

-

-

73,883

76,918

-

-

-

-

-

-

-

-

-

-

-

80,454

80,454

-

-

-

-

-

-

-

-

-

-

-

55,703

55,703

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,110

7,128

-

-

-

-

-

-

-

-

-

1,174,857 1,202,095

20,110

12,211

-

-

-

-

-

-

-

-

-

6,374 6,374 115,235 115,235 2,015,297 2,047,618

To test the durability of the loan portfolio to changes in macroeconomic conditions, Bank BHI doing Credit Risk Stress Testing, either periodically according to banking regulations as well as adhoc. In 2016, macroeconomic factors were used as a parameter in Credit Risk Stress Testing among other things, the impact of China's economic slowdown on Indonesia's economy, the decline in commodity prices, as well as the potential increase in Fed Funds Rate. Simulations Credit Risk Stress Testing projected decline in the financial capability of each debtor Wholesale and changes in the portfolio's NPL loan portfolio Retail. Banks prepare contingency Plan for each credit segments in accordance with the level of severity from the simulation results Credit Risk Stress Testing which is conducted.

155,961

155,961

GROWTH AND CREDIT QUALITY Bank credit growth in BHI until the end of 2016 rated downhill (Yoy). In December 2015 outstanding loans amount to Rp 1,505 billion, but in December 2016 Outstanding loans amounting to Rp 1,398 billion (decreased by 7.10%). It is due to the slowdown in the global economy and the settlement of non-performing loans that the Bank BHI applies the principle prudent in lending.

2016 Annual Report

92



Company Profile

Management Report

Table Disclosure of Net Claim based on Region - Bank individually (in millions Rupiah) No

Portfolio Category

(1) (2) 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Entities Recei va bl es from Mul til a tera l Devel opment Ba nks a nd 3 Interna tiona l Ins titutions 4 Recei va bl es from Ba nks 5 Res i dentia l Property Col l a tera l i zed Loa ns 6 Commerci a l Property Col l a tera l i zed Loa ns 7 Empl oyee/Retirement Loa ns 8 Sma l l Bus i nes s es a nd Retai l Portfol i os 9 Recei va bl es from Corpora tions 10 Overdue Recei va bl es 11 Other As s ets Total No

Portfolio Category

(1) (2) 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Entities Recei va bl es from Mul til a tera l Devel opment Ba nks a nd 3 Interna tiona l Ins titutions 4 Recei va bl es from Ba nks 5 Res i dentia l Property Col l a tera l i zed Loa ns 6 Commerci a l Property Col l a tera l i zed Loa ns 7 Empl oyee/Retirement Loa ns 8 Sma l l Bus i nes s es a nd Retai l Portfol i os 9 Recei va bl es from Corpora tions 10 Overdue Recei va bl es 11 Other As s ets Total

Jawa (3) 410,418 2,047 -

Sumatera (4) -

48,961 52,191 39,018 77,641 1,071,413 30,571 156,470 1,888,730

Jawa (7) 352,830 2,048 -

2016 Kalimantan (5) -

6,674 1,286 3,771 4,749 4,986 21,467

Sumatera (8) -

76,918 65,481 41,263 133,913 1,083,497 6,016 115,235 1,877,202

4,803 49 9,040 63,528 106 77,525

2015 Kalimantan (9) -

9,098 12,955 8,795 12,034 272 43,154

5,875 1,485 13,253 57,983 86 78,682

Others (6) 28,591 28,591

Others (10) 48,580 48,580

Table Disclosure of Net Claim based on Remaining Contract Period - Bank individually (in million Rupiah)

No

Portfolio Category

(1) (2) 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Entities 3 Recei va bl es from Mul til a tera l Devel opment Ba nks a nd Interna tiona l Ins titutions 4 Recei va bl es from Ba nks 5 Res i dentia l Property Col l a tera l i zed Loa ns 6 Commerci a l Property Col l a tera l i zed Loa ns 7 Empl oyee/Retirement Loa ns 8 Sma l l Bus i nes s es a nd Retai l Portfol i os 9 Recei va bl es from Corpora tions 10 Overdue Recei va bl es 11 Other As s ets Total

93

Annual Report 2016

2016 Remaining Contract Period > 1 Year – 3 > 3 Year – 5 Non ≤ 1 Year > 5 Years Years Years Contractual (3) (4) (5) (6) (7) 214,601 1,063 94,855 99,900 2,048 -

Total (8) 410,418 2,048 -

32,868 712 15,555 56,785 571,935 19,102 -

1,872 6,878 19,877 9,381 258,163 3,837 -

31,340 4,923 16,502 172,381 1,745 -

24,739 7,785 103,218 10,583 -

14,221 62,584 396 156,470

48,961 63,668 40,355 90,452 1,168,281 35,663 156,470

913,604

301,071

226,891

241,179

333,571

2,016,316


No

Financial Statement


Portfolio Category

(1) (2) 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Entities 3 Recei va bl es from Mul til a tera l Devel opment Ba nks a nd Interna tiona l Ins titutions 4 Recei va bl es from Ba nks 5 Res i dentia l Property Col l a tera l i zed Loa ns 6 Commerci a l Property Col l a tera l i zed Loa ns 7 Empl oyee/Retirement Loa ns 8 Sma l l Bus i nes s es a nd Retai l Portfol i os 9 Recei va bl es from Corpora tions 10 Overdue Recei va bl es 11 Other As s ets Total

2015 Remaining Contract Period > 1 Year – 3 > 3 Year – 5 Non ≤ 1 Year > 5 Years Years Years Contractual (9) (10) (11) (12) (13) 123,346 13,419 114,116 101,948 2,048 -

Total (14) 352,830 2,048 -

71,567 5,575 26,600 88,047 633,976 199 -

9,563 2,138 21,475 206,931 1,312 -

3,239 23,350 20,770 26,289 234,041 4,668 -

41,965 6,195 20,150 127,147 -

2,112 196 115,235

76,918 80,454 55,703 155,961 1,202,095 6,374 115,235

949,310

256,887

312,357

309,574

219,491

2,047,618

Table Disclosure of Net Claim based on Economic Sector - Bank individually (in million Rupiah)

No

(1) 1 2 3 4 5 6 7 8 9

10 11 12

13 14 15

2016 Receivables Residenti Commer Receivab from Receivable al cial Employe Economic les from Multilateral Receivab s from Property Property e/Retire Sector Public Development les from Governmen Collatera Collatera ment Sector Banks and Banks t lized lized Loans Entities International Loans Loans Institutions (2) (3) (4) (5) (6) (7) (8) (9) Agri cul ture, Hunting a nd Fores try Fi s hery Mi ni ng a nd Exca va tion Proces s i ng Indus try Power, Ga s a nd Wa ter 2,048 Cons truction 12,151 Whol es a l e a nd Retai l Tra di ng Provi der a ccomoda tion a nd food a nd bevera ges Tra ns portation, Wa rehous i ng a nd Communi ca tion Fi na nci a l Agenci es 302,046 48,962 Rea l Es tate, Lea s i ng 27,804 a nd Coprpora te Servi ces Govenrment Admi ni s tra tion, La nd Bus i nes s Soci a l Servi ces Educa tiona l Servi ces Hea l th a nd Soci a l Servi ces Soci etal , Soci ocul tura l , Entertai nment a nd Other Indi vi dua l

Small Receivables Overdue Businesses from Receivab and Retail Corporation les Portfolios s (10)

Other Assets

880

(11) 2,972

(12) -

1,406 706 4,126 1,556 62,532

4,016 17,584 121,935 1,319 541,262

23,760

-

2,814

82,930

309

-

2,562

16,409

970

-

710 6,890

181,887 77,893

4,901

-

-

-

-

229 -

5,280 4,565

-

-

4,801

7,551

1,393

-

-

2016 Annual Report

(13) -

94


16 Indi vi dua l Hous ehol drel a ted Servi ces 17 Interna ti ona l a nd other Extra Interna ti ona l 18 Non-defi ned a cti vi ti es 19 Hous ehol d 20 Others Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,048

-

48,962

54,358 9,310 63,668

-

-

1,241 90,452

302,046

49 350 40,355

2015 Receivables Residenti Commer Receivab from Receivable al cial Employe Economic les from Multilateral Receivab No s from Property Property e/Retire Sector Public Development les from Governmen Collatera Collatera ment Sector Banks and Banks t lized lized Loans Entities International Loans Loans Institutions (1) (2) (14) (15) (16) (17) (18) (19) (20) 1 Agri cul ture, Hunti ng a nd Fores try 2 Fi s hery 3 Mi ni ng a nd Exca va ti on 4 Proces s i ng Indus try 5 Power, Ga s a nd Wa ter 2,048 6 Cons tructi on 24,108 7 Whol es a l e a nd Reta i l 5,039 1,376 Tra di ng 8 Provi der a ccomoda ti on a nd food a nd bevera ges 9

Tra ns porta ti on, Wa rehous i ng a nd Communi ca ti on 10 Fi na nci a l Agenci es 11 Rea l Es ta te, Lea s i ng a nd Coprpora te Servi ces 12 Govenrment Admi ni s tra ti on, La nd Bus i nes s Soci a l Servi ces 13 Educa ti ona l Servi ces 14 Hea l th a nd Soci a l Servi ces 15 Soci eta l , Soci ocul tura l , Enterta i nment a nd Other Indi vi dua l 16 Indi vi dua l Hous ehol drel a ted Servi ces 17 Interna ti ona l a nd other Extra Interna ti ona l 18 Non-defi ned a cti vi ti es 19 Hous ehol d 20 Others Total

95

-

466 102,212 1,168,282

2,699 1,631 35,663

Small Receivables Overdue Businesses from Receivab and Retail Corporation les Portfolios s (21)

(22) -

156,470 156,470

Other Assets

-

(21) 2,992

(23) -

1,415 696 9,470 272 1,681 97,494

7,866 20,795 139,097 19,610 593,694

272

-

4,789

113,299

-

-

-

-

-

-

797

-

5,058

27,951

199

-

-

-

76,918 -

-

27,713

-

3,045 12,373

142,978 66,717

5,621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,141 76

2,998

-

-

-

-

-

-

-

328

-

5,587

4,079

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,048

-

76,918

75,414 80,454

1,380 55,703

-

223,628 -

129,201 352,829

Annual Report 2016


Company Profile

Management Report

56 7,732 5,075 155,962

39,909 20,110 1,202,096

86 196 6,374

115,235 115,235


Financial Statement


Table Discloure of Net Claim Based on by Risk Weighting After Credit Risk Mitigation – Bank Individually (in Millions Rupiah) No

Portfolio Category 0% (3)

20% (4)

35% (5)

2016 Net Receivables After Credit Risk Mitigation 40% 45% 50% 75% (6) (7) (8) (9)

(1) (2) A Balance Sheet Exposure 1 Recei va bl es from 410,418 Government 2 Recei va bl es from 2,047 Publ i c Sector Enti ti es 3 Recei va bl es from Mul ti l a tera l Devel opment Ba nks a nd Interna ti ona l Ins ti tuti ons 4 Recei va bl es from 43,072 5,889 Ba nks 5 Res i denti a l Property 44,837 18,168 663 Col l a tera l i zed Loa ns 6 Commerci a l Property Col l a tera l i zed Loa ns 7 Empl oyee/Reti reme nt Loa ns 8 Sma l l Bus i nes s es a nd Reta i l Portfol i os 9 Recei va bl es from 2,645 Corpora ti ons 10 Overdue Recei va bl es 11 Other As s ets 14,326 Total 424,744 47,764 44,837 18,168 663 5,889 B Commitment Liability Exposure/ Contingencies on Administrative Account Transactions 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Enti ti es 3 Recei va bl es from Mul ti l a tera l Devel opment Ba nks a nd Interna ti ona l Ins ti tuti ons 4 Recei va bl es from Ba nks 5 Res i denti a l Property Col l a tera l i zed Loa ns 6 Commerci a l Property Col l a tera l i zed Loa ns 7 Empl oyee/Reti reme nt Loa ns 8 Sma l l Bus i nes s es a nd Reta i l Portfol i os 9 Recei va bl es from Corpora ti ons 10 Overdue Recei va bl es 11 Other As s ets Total -

100% (10)

150% (11)

Others (12)

RWA

Capital Expenses

(13)

(14)

-

-

-

-

-

-

-

-

-

-

409

33

-

-

-

-

-

-

-

-

-

-

11,559

925

-

-

-

-

23,259

1,861

-

-

39,356

3,148

-

-

-

-

-

-

64,850

5,188

-

-

1,060,960

84,877

52,145

4,172

-

86,467

39,356

-

1,060,431

-

2,699

32,964

63,705 1,166,191

78,439 111,403

86,467

-

-

-

181,364 14,509 1,433,902 114,712

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

-

-

-

94

8

-

-

-

-

-

-

-

-

-

-

-

-

125

-

-

-

94

8

2016 Annual Report

96


C 1 2 3

4 5

6 7

No

Counterparty Credit Risk Exposure Recei va bl es from Government Recei va bl es from Publ i c Sector Enti ty Recei va bl es from Mul ti l a tera l Devel opmenta l Ba nks a nd Interna ti ona l Compa ni es Recei va bl es from Ba nks Recei va bl es from Mi cro Bus i nes s es , Sma l l Bus i nes s es a nd Reta i l Portfol i os Recei va bl es from Corpora ti on Other As s ets Total -

Kategori Portofolio

0% (1) (2) (15) A Balance Sheet Exposure 1 Recei va bl es from 352,830 Government 2 Recei va bl es from Publ i c Sector Enti ti es 3 Recei va bl es from Mul ti l a tera l Devel opment Ba nks a nd Interna ti ona l Ins ti tuti ons 4 Recei va bl es from Ba nks 5 Res i denti a l Property Col l a tera l i zed Loa ns 6

Commerci a l Property Col l a tera l i zed Loa ns

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2015 Tagihan Bersih Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit 20% 35% 40% 45% 50% 75% 100% 150% (16) (17) (18) (19) (20) (21) (22) (23) 2,048

-

62,614 -

-

Annual Report 2016

Lainnya (24)

ATMR

Beban Modal

(25)

(26)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

410

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,675

1,574

-

-

-

29,609

2,369

-

-

54,716

4,377

-

-

-

-

-

-

113,042

9,043

-

-

1,050,762

84,061

9,518

761

56,956

-

17,990

-

14,304

5,508

-

-

-

-

-

Empl oyee/Reti reme nt Loa ns 8 Sma l l Bus i nes s es 150,722 a nd Reta i l Portfol i os 9 Recei va bl es from 31,528 Corpora ti ons 10 Overdue Recei va bl es 11 Other As s ets 13,194 Total 366,024 96,190 56,956 17,990 5,508 14,304 150,722 B Commitment Liability Exposure/ Contingencies on Administrative Account Transactions 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Enti ti es 3 Recei va bl es from Mul ti l a tera l Devel opment Ba nks a nd Interna ti ona l Ins ti tuti ons

97


Company Profile

Management Report

54,716

1,044,456 86

6,288

63,326 1,162,584

38,715 45,003

-

-

-

121,399 9,712 1,399,131 111,930

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-


4 5

6

Financial Statement


Recei va bl es from Ba nks Res i dentia l Property Col l a tera l i zed Loa ns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commerci a l Property Col l a tera l i zed Loa ns

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

-

-

-

188

15

-

-

-

-

-

-

13

-

-

13

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

13

-

-

201

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

Empl oyee/Retireme nt Loa ns 8 Sma l l Bus i nes s es a nd Retai l Portfol i os 9 Recei va bl es from Corpora tions 10 Overdue Recei va bl es 11 Other As s ets Total C Counterparty Credit Risk Exposure 1 Recei va bl es from Government 2 Recei va bl es from Publ i c Sector Entity 3 Recei va bl es from Mul til a tera l Devel opmental Ba nks a nd Interna tiona l Compa ni es 4 Recei va bl es from Ba nks 5 Recei va bl es from Mi cro Bus i nes s es , Sma l l Bus i nes s es a nd Retai l Portfol i os 6 Recei va bl es from Corpora tion 7 Other As s ets Total -

Table Disclosure of Net Claim and Credit Risk Mitigation Technique – Bank Individually (in millions Rupiah) 2016

No (1)

A 1 2 3 4 5 6 7 8 9 10 11


Balance Sheet Exposure Receivables from Government Receivables from Public Sector Entities Receivables from Multilateral Development Banks and International Institutions Receivables from Banks Residential Property Collateralized Loans Commercial Property Collateralized Loans Employee/Retirement Loans Small Businesses and Retail Portfolios Receivables from Corporations Overdue Receivables Other Assets Total

Net Receivables

Collateral

(3)

(4)

410,419 2,048 48,962 63,668 40,355 90,452 1,168,281 35,663 156,470 2,016,317

Part Guaranteed by Loan Guarantee Insurance (5)

998 3,984 105,205 110,187

(6)

Others

Part Not Guaranteed

(7)

(8)

-

-

-

410,419 2,048 -

-

-

-

48,962 63,668 39,357 86,468 1,063,076 35,663 156,470 1,906,130

2016 Annual Report

98


B 1 2 3 4 5 6 7 8 9 10 11 C 1 2 3


Company Profile

Management Report

Commitment Liability Exposure/ Contingencies on Administrative Account Transactions Receivables from Government Receivables from Public Sector Entities Receivables from Multilateral Development Banks and International Institutions Receivables from Banks Residential Property Collateralized Loans Commercial Property Collateralized Loans Employee/Retirement Loans Small Businesses and Retail Portfolios 125 Receivables from Corporations Overdue Receivables Other Assets Total 125 Counterparty Credit Risk Recei va bl es from Government Recei va bl es from Publ i c Sector Enti ty Recei va bl es from Mul ti l a tera l Devel opmenta l Ba nks -

-

-

-

-

-

-

-

125 125

-

-

-

-

a nd Interna ti ona l Compa ni es

4 Recei va bl es from Ba nks 5 Recei va bl es from Mi cro Bus i nes s es , Sma l l Bus i nes s es

-

-

-

-

-

-

-

-

-

-

-

-

a nd Reta i l Portfol i os

6 Recei va bl es from Corpora ti on 7 Other As s ets Total

2015

No (1)

A 1 2 3 4 5 6 7 8 9 10 11 B 1 2 3 4 5 6 7 8 9 10 11

99


Net Receivables

Collateral

(9)

(10)

Part Guaranteed by Loan Guarantee Insurance

Balance Sheet Exposure Receivables from Government 352,830 Receivables from Public Sector Entities 2,048 Receivables from Multilateral Development Banks and International Institutions Receivables from Banks 76,918 Residential Property Collateralized Loans 80,454 Commercial Property Collateralized Loans 55,703 987 Employee/Retirement Loans Small Businesses and Retail Portfolios 155,961 5,239 Receivables from Corporations 1,202,095 126,111 Overdue Receivables 6,374 Other Assets 115,235 Total 2,047,618 132,337 Commitment Liability Exposure/ Contingencies on Administrative Account Transactions Receivables from Government Receivables from Public Sector Entities Receivables from Multilateral Development Banks and International Institutions Receivables from Banks Residential Property Collateralized Loans Commercial Property Collateralized Loans Employee/Retirement Loans Small Businesses and Retail Portfolios 250 Receivables from Corporations 13 Overdue Receivables Other Assets Total 263 -

Annual Report 2016

(11)

(12)

Others

Part Not Guaranteed

(13)

(14)

-

-

-

352,830 2,048 -

-

-

-

76,918 80,454 54,716 150,722 1,075,984 6,374 115,235 1,915,281

-

-

-

-

-

-

-

250 13 263


C 1 2 3 4 5 6 7

Financial Statement


Counterparty Credit Risk Recei va bl es from Government Recei va bl es from Publ i c Sector Enti ty Recei va bl es from Mul ti l a tera l Devel opmenta l Ba nks a nd Interna ti ona l Compa ni es Recei va bl es from Ba nks Recei va bl es from Mi cro Bus i nes s es , Sma l l Bus i nes s es a nd Reta i l Portfol i os Recei va bl es from Corpora ti on Other As s ets

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NPL AND IMPAIRMENT NPL (Non-Performing Loans) were calculated Gross rated better than the previous period (yoy). Period December 2015 NPL Gross at 7.12% while in the position in December 2016 NPL Gross amounted to 2.83%. reduction this due to a decrease Outstanding loan with troubled by 63.00% (December 2015 Outstanding Credit problematic quality of Rp 107 billion, while credit quality position in December 2016 troubled only Rp 39.6 billion).

CKPN in Collective (Collective Impairment) consists of 3 (three), namely: • Loans which individually have significant value and there is no objective evidence of impairment • Loans which individually have insignificant value • Restructured loans which individually have insignificant value. CKPN December 2015 compared with December 2016 (yoy) rated decreased (CKPN December 2015 amounted to 2.74% while CKPN December 2016 amounted to 1.08%) case. This is due to the completion of some nonperforming loans.

Calculation CKPN (Allowance for Impairment Losses) Bank BHI uses two (2) methods: Individual and Collective. Individual CKPN (Individual Impairment) consisting of 2, namely: • Loans which individually have significant value and objective evidence of impairment and • Restructured loans which individually have significant value.

Table Disclosure of Receivables and Allowances based on Region - Bank individually (in million Rupiah) No

Portfolio Category

(1) (2) 1 Recei va bl es 2 Impa i red Recei va bl es a . Not due b. Overdue 3 Indi vi dua l Impa i rment Los s es Al l owa nce 4 Col l ective Impa i rment Los s es Al l owa nce 5 Recei va bl es Wri tten Off No

Portfolio Category

(1) (2) 1 Recei va bl es 2 Impa i red Recei va bl es a . Not due b. Overdue 3 Indi vi dua l Impa i rment Los s es Al l owa nce 4 Col l ective Impa i rment Los s es Al l owa nce 5 Recei va bl es Wri tten Off

Jawa (3) 1,738,736 36,171 352 35,819 11,384 7,177 62,668

Sumatera (4) 22,967 3,281 3,281 401 -

2016 Kalimantan (5) 80,894 106 106 148 8,933

Others (6) 28,591 212 -

Total (7) 1,871,188 39,558 352 39,206 11,384 7,938 71,601

Jawa (8) 1,822,759 85,119 84,920 199 42,260 4,771 22,894

Sumatera (9) 43,154 1,021 749 272 340 -

2015 Kalimantan (10) 78,682 86 86 118 9,232

Others (11) 51,935 20,679 20,679 3,355 45 -

Total (12) 1,996,530 106,905 106,348 557 45,614 5,273 32,126

2016 Annual Report

100



Company Profile

Management Report

Table of Receivables Disclosure and Allowances based on Economic Sector - Bank individually (in million Rupiah)

No (1) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

No (1) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

101

Economic Sector (2) Agri cul ture, Hunti ng a nd Fores try Fi s hery Mi ni ng a nd Exca va ti on Proces s i ng Indus try Power, Ga s a nd Wa ter Cons tructi on Whol es a l e a nd Reta i l Tra di ng Provi der a ccomoda ti on a nd food a nd bevera ges Tra ns porta ti on, Wa rehous i ng a nd Communi ca ti on Fi na nci a l Agenci es Rea l Es ta te, Lea s i ng a nd Coprpora te Servi ces Govenrment Admi ni s tra ti on, La nd Bus i nes s Soci a l Servi ces Educa ti ona l Servi ces Hea l th a nd Soci a l Servi ces Soci eta l , Soci ocul tura l , Enterta i nment a nd Other Indi vi dua l Servi ces Indi vi dua l Hous ehol d-rel a ted Servi ces Interna ti ona l a nd other Extra Interna ti ona l Non-defi ned a cti vi ti es Hous ehol d Others Total

Economic Sector (2) Agri cul ture, Hunti ng a nd Fores try Fi s hery Mi ni ng a nd Exca va ti on Proces s i ng Indus try Power, Ga s a nd Wa ter Cons tructi on Whol es a l e a nd Reta i l Tra di ng Provi der a ccomoda ti on a nd food a nd bevera ges Tra ns porta ti on, Wa rehous i ng a nd Communi ca ti on Fi na nci a l Agenci es Rea l Es ta te, Lea s i ng a nd Coprpora te Servi ces Govenrment Admi ni s tra ti on, La nd Bus i nes s Soci a l Servi ces Educa ti ona l Servi ces Hea l th a nd Soci a l Servi ces Soci eta l , Soci ocul tura l , Enterta i nment a nd Other Indi vi dua l Servi ces Indi vi dua l Hous ehol d-rel a ted Servi ces Interna ti ona l a nd other Extra Interna ti ona l Non-defi ned a cti vi ti es Hous ehol d Others Total

Annual Report 2016

Receivables (3) 3,853 6,188 18,290 138,583 2,048 16,745 669,875 86,053 26,593 533,823 120,224 -

2016 Impaired Receivables IndividualNot due Overdue ILA (4) (5) (6) 350 29,933 9,568 309 970 1,000 -

CollectiveILA (7) 6 8 33 536 189 3,242 1,408 158 303 1,278 -

5,850 4,565 18,969

-

1,393

-

59,389 160,140 1,871,188

-

4,365 1,236 39,206

1,816 11,384

374 213 7,938

71,601

2015 Impaired Receivables IndividualNot due Overdue ILA (10) (11) (12) 79,823 272 40,444 20,679 3,355 168 199 -

CollectiveILA (13) 2 11 28 149 0 83 2,395 475 93 120 901 -

Receivables Written Off (14) 9,232 22,894 -

Receivables (9) 2,992 9,281 21,491 148,567 2,320 45,400 738,319 121,443 34,005 446,569 112,425 -

2 352

1,141 3,074 9,994

-

-

-

-

-

-

1,816 45,614

57 126,338 173,113 1,996,530

1 5,678 106,348

86 557

10 9 171

Receivables Written Off (8) 8,933 39,545 23,123 -

2 5 40 0 969 1 5,273

-

32,126


Financial Statement


Table Disclosure of Reserves for Reserves for Individual Impairment of Individual Impairment Losses (in million Rupiah) 2016

2015

No

Portfolio Category

CKPN Individual

CKPN Kolektif

CKPN Individual

CKPN Kolektif

(1)

(2)

(3)

(4)

(5)

(6)

1 Beginning balance CKPN 2 The establishment (recovery) of CKPN on the Current Period (Net) 2.a. Formation of CKPN in the Current Period 2.b. CKPN recovery in the current period 3 CKPN used to delete book over charges in the current period 4 Other formation (recovery) in the current period Ending balance CKPN

45,614 5,315 5,315 39,545 -

5,273 2,664 2,664 -

3,803 74,166 74,166 32,355 -

4,429 845 845 -

11,384

7,938

45,614

5,273

Tabel Disclosure of Exposure to Commitment/Contingencies Liabilities in Administrative Account Transactions (in million Rupiah)

No (1)

1 2 3 4 5 6 7 8 9 10 11

No (1)

1 2 3 4 5 6 7 8 9 10 11

Portfolio Category

Net Receivables

2016 RWA PRE MRK

RWA POST MRK

(2)

(3)

(4)

(5)


125 125

-

94

94

-

94

94

Portfolio Category

Net Receivables

2015 RWA PRE MRK

RWA POST MRK

(2)

(6)

(7)

(8)


250 13 263

188 13 200

2016 Annual Report

188 13 201

102


Management Report


Company Profile

Tabel Disclosure of Exposure Bearing Credit Risk due to Counterparty Credit Risk - Bank, Individually (in million Rupiah) No (1)

1 2 3 4 5 6

Net Receivables

2016 RWA PRE MRK

RWA POST MRK

(2)

(3)

(4)

(5)

Receivables from Government Receivables from Public Sector Entity Receivables from Multilateral Developmental Banks and International Companies Receivables from Banks Receivables from Micro Businesses, Small Businesses and Retail Portfolios Receivables from Corporation Total

No (1)

1 2 3 4 5 6

Portfolio Category

37,602 37,602

-

-

Portfolio Category

Net Receivables

2015 RWA PRE MRK

RWA POST MRK

(2)

(6)

(7)

(8)

-

Receivables from Government Receivables from Public Sector Entity Receivables from Multilateral Developmental Banks and International Companies Receivables from Banks Receivables from Micro Businesses, Small Businesses and Retail Portfolios Receivables from Corporation Total

-

-

Table Disclosure of Exposures that pose a credit risk as a result of settlement failure (settlement risk) No

Portfolio Category

Net Receivables

2016 RWA PRE MRK

RWA POST MRK

(1)

(2)

(3)

(4)

(5)

1 Delivery versus payment a. Capital charges 8% (5 – 15 days) b. Capital charges 50% (16 – 30 days) c. Capital charges 75% (31 – 45 days) d. Capital charges 100% (more than 45 days) 2 Non delivery versus payment Total

-

-

-

No

Portfolio Category

Net Receivables

2015 RWA PRE MRK

RWA POST MRK

(1)

(2)

(6)

(7)

(8)

1 Delivery versus payment a. Capital charges 8% (5 – 15 days) b. Capital charges 50% (16 – 30 days) c. Capital charges 75% (31 – 45 days) d. Capital charges 100% (more than 45 days) 2 Non delivery versus payment Total

103

Annual Report 2016

-

-

-


Financial Statement


Table Disclosure of Exposures Securities (in million Rupiah)

No

2016 Capital Reduction ATMR Factor

Portfolio Category

(1)

(2)

1 2 3 4 5 6 7

Supporting credit facilities that meet the requirements Supporting credit facilities that do not meet the requirements Eligible liquidity facility Liquidity facilities that do not meet the requirements Purchase of qualifying asset-backed securities Purchase of asset-backed securities that do not meet the requirements Securitization exposure not covered by Bank Indonesia regulation concerning prudential principles in asset securitization activities for Commercial Banks

(3)

(4)

-

Total

2015 Capital Reduction ATMR Factor (5)

(6)

2,645 -

-

2,645

-

-

4,290 -

4,290

Disclosure of Total Measurement of Credit Risk (in million rupiah) 2016 (1)

(2)

1 TOTAL RWA CREDIT RISK 2 Capital Reduction Factor

MARKET RISK In implementing the Bank's market risk management BHI has developed policies, procedures, and market risk limits and set out in treasury policy, guidelines for the implementation and application of market risk management. Foreign exchange risk Bank BHI is a bank non-foreign exchange so as not exposed significantly to the risk of exchange rate, however, the bank has a foreign exchange trading as stipulated in the internal policies in managing the risk of its foreign exchange, the Bank's income from foreign exchange trading is mainly derived from transactions conducted by customers (trading for profit (proprietary trading) only done for some currency with a relatively small limit restrictions). Interest rate risk The main components of the Bank's liabilities are sensitive to movements in interest rates is deposits from customers, while assets with sensitive bonds for investment purposes, and loans. Therefore, the Bank BHI through ALCO regularly monitors market developments and adjust interest rates on deposits and loans.

(3)

1,436,641 -

2015 (4)

1,403,622 -

Bank determines interest rates on deposits from customers based on market conditions and competition by monitoring the movement of the reference rate and interest rates offered by competing banks. Interest rates on deposits generally vary depending on the duration and magnitude of savings. The interest rates on current and savings accounts are floating and reviewed periodically in accordance with market conditions, while the deposit interest rate is fixed according to the time period. Credit interest rate is determined by adding a certain margin on the Bank's funding costs (including the financing costs GWM). In carrying out the market risk management, Board of Directors regularly evaluates market risk through daily reports Net Open Position, forum Asset & Liability Committee (ALCO), and report market risk exposure in the market risk profile. The risk factors were taken into account in the interest rate risk in the standard method, namely: a) Specific risk (Specific Risk) of any securities or financial instruments, regardless of position long or position short. Thus the process of offsetting (offset) is not possible unless the position is identical. b) General risk (General Market Risk) of the overall portfolio, where the position long or position short in different securities or instruments can be offset.

2016 Annual Report

104


Management Report


Company Profile

Table Disclosure on Market Risk Using Standard Method (in million Rupiah) 2016

2015

No

Risk Type

Capital Charges

RWA

Capital Charges

(1)

(2)

(3)

(4)

(5)

1 Interest Risk a. Specific Risk b. General Risk 2 Exchange Risk 3 Equity Risk *) 4 Comodity Risk *) 5 Option Risk

Total

LIQUIDITY RISK Bank BHI very attentive to adequate liquidity to meet its commitment to its customers and other parties, in order to credit, repayment of customer deposits as well as to meet the needs of operational liquidity. Management functions overall liquidity needs conducted by ALCO (Asset and Liability Committee) and operationally by Division Treasury. Application of liquidity risk management in the future will be dealt with on an ongoing basis given the global economic conditions will affect the bank's activities, things will become concern banks are: • Maintaining the amount of liquid assets sufficient to pay the deposits from customers and to keep the amount of assets maturing in each period to cover the amount of liabilities maturing, liquid assets Bank mainly consist of placements with Bank Indonesia and banks, including current accounts with Bank Indonesia and other banks as well as cash. If the Bank requires liquidity, immediately Bank can withdraw cash reserves in current accounts with Bank Indonesia on excess reserve requirement (GWM), sold dropping Bank Indonesia Certificates (SBI) / Government Securities (GS) / Securities other State owned or sell SBI / SUN / Government Securities that are owned by an agreement to buy back, do Early Redemption Bank Term Deposit or seek a loan in the interbank money market in Indonesia. The Bank's primary reserves consist of statutory reserve and cash reserves in branch offices.

105

Annual Report 2016

-

• •

•

(6)

-

RWA -

-

-

Promoting low-cost financing through marketing programs sustainable. Evaluate authority and responsibility responsible for liquidity management, among others, a clear path regarding the authority, responsibility and reporting Related with management risk liquidity including assigning and granting authority to unit work certain to define markets, instruments and transactions with counterparty (counterparty) qualified. Maintain core deposit to depositors existing fixed at 80% and provide limits the placement of funds from one (group) certain customers of the Bank which is associated with a certain amount as deemed appropriate by the Bank and dip into funds that originally concentrated on the period of 1 month minimum funding maturity of> 1 month Evaluating emergency funding policies and limits covering limit mismatch cash flow in the short term and long term including cash flows arising from offbalance sheet positions, limits on the concentration of assets and liabilities, loans overnight, and other liquidity ratios.


Financial Statement


Table Disclosure on Rupiah Maturity Profile – Bank Individually (in million Rupiah)

Items

Balance

(1) (2) I. BALANCE SHEET A. Assets 2,060,081 1. Ca s h 14,326 2. Pl a cement a t Ba nk Indones i a 302,046 a . Current Accounts 99,901 b. SBI c. Others 202,145 3. Pl a cement a t other Ba nks 47,021 4. Securi ti es **) 109,475 a . SUN 104,831 1) Tra di ng 2) Ava i l a bl e for s a l e 3) owned unti l due da te 104,831 4) Loa ns a nd recei va bl es . b. Corpora te Securi ti es 4,644 1) Tra di ng 2) Ava i l a bl e for s a l e 3) owned unti l due da te 4,644 4) Loa ns a nd recei va bl es . c. Others 5. Loa ns 1,398,464 a . nei ther pa s t due 1,379,099 b. Pa s t Due Da te ***) 19,365 6. Other cha rges 37,602 a . Cl a i ms on Securi ti es 37,602 b. Others 7. Others 151,147 Total Assets 2,060,081 B Liability 1,678,788 1. Thi rd Pa rty Funds 1,570,611 a . Current Accounts 130,798 b. Sa vi ngs 111,800 c. Depos i t 1,328,013 1) Depos i t on ca l l 2) Ti me depos i t 1,328,013 3) Others 2. Li a bi l i ti es to Ba nk Indones i a 3. Li a bi l i ti es to other ba nks 70,880 4. Securi ti es i s s ued a . Obl i ga s i b. Subordi na s i ****) c. Others 5. Loa ns a . Subordi na s i Loa n ****) b. Others 6. l i a bi l i ti es Others a . Li a bi l i ty on s ecuri ti es s ol d b. Others 7. Others 37,297 Total Liability 1,678,788 Difference in Assets with Liabilities in the Balance Sheet 381,293 II. ADMINISTRATIVE ACCOUNTS A. Administrative Account Charges 1. Commi tment a . Loa n fa ci l i ty not yet b. Pos i ti on of s pot a nd 1) Spot 2) Deri va ti f c. Others 2. Conti ngency *****) Total Administrative Account Charges

9,048 9,048 9,048

2016 Maturity*) > 1 week > 2 weeks > 1 month > 3 months > 6 months s.d 1 week s.d 2 weeks s.d 1 month s.d 3 months s.d 6 months s.d 12 months (3) (4) (5) (6) (7) (8)

> 12 months (9)

379,043 14,326 302,046 99,901 202,145 25,021 -

44,580 12,000 -

76,237 500 -

120,281 9,000 -

206,922 500 9,974 9,974 9,974 -

309,125 4,247 2,246 2,246 2,001 2,001 -

923,893 95,254 92,611 92,611 2,643 2,643 -

48 48

32,580 32,580 -

62,529 62,529 -

111,281 111,281 -

192,838 192,838 -

304,878 285,513 19,365 -

694,310 694,310 -

379,043 524,234 484,844 130,798 90,997 263,049 263,049

44,580 286,276 278,369 1 278,368

13,208 76,237 493,660 467,302 460 466,842

120,281 256,665 251,437 891 250,546

3,610 206,922 43,567 43,567 972 42,595

309,125 28,501 28,501 1,888 26,613

134,329 923,893 45,885 16,591 16,591 -

278,368

466,842

250,546

42,595

26,613

-

39,390 -

6,000 -

20,262 -

5,228 -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,602 37,602

524,234 (145,191)

1,907 286,276 (241,696)

6,096 493,660 (417,423)

256,665 (136,384)

43,567 163,355

28,501 280,624

29,294 45,885 878,008

-

-

-

-

-

-

9,048 -

-

-

-

-

-

-

-

-

-

-

-

-

-

9,048 9,048

2016 Annual Report

106


B

Liabilities of Administrative Account 1. Commi tment a . Credi t fa ci l i ti es tha t ha ve not been wi thdra wn b. Runni ng Irrevoca bl e L/C c. Pos i ti on of s pot a nd deri va ti ve purcha s es a re s ti l l runniSpot ng 1)

2) Deri va ti f d. Others 2. Conti ngency ******) Total Liabilities of Administrative Account Differences in Charges and Liabilities in Accounts Administratif Difference [(IA-IB)+(IIA-IIB)]

183,427 183,177

-

1,642 1,642

16,249 16,249

41,490 41,490

39,946 39,746

83,345 83,295

755 755

183,177 -

-

1,642

16,249

41,490

39,746

83,295

755

250 183,427 (174,379)

-

-

-

-

-

-

-

-

1,642 (1,642)

16,249 (16,249)

41,490 (41,490)

200 39,946 (39,946)

50 83,345 (83,345)

755 8,293

(145,191)

(243,338)

(433,672)

(177,874)

123,409

197,279

(61,723)

181,615

615,287

793,161

206,914

Cumulative Difference

Items (1) I. BALANCE SHEET A. Assets 1. Ca s h 2. Pl a cement a t Ba nk Indones i a a . Current Accounts b. SBI c. Others 3. Pl a cement a t other Ba nks 4. Securi ti es **) a . SUN 1) Tra di ng 2) Ava i l a bl e for s a l e 3) owned unti l due da te 4) Loa ns a nd recei va bl es . b. Corpora te Securi ti es 1) Tra di ng 2) Ava i l a bl e for s a l e 3) owned unti l due da te 4) Loa ns a nd recei va bl es . c. Others 5. Loa ns a . nei ther pa s t due b. Pa s t Due Da te ***) 6. Other cha rges a . Cl a i ms on Securi ti es b. Others 7. Others Total Assets B Liability 1. Thi rd Pa rty Funds a . Current Accounts b. Sa vi ngs c. Depos i t 1) Depos i t on ca l l 2) Ti me depos i t 3) Others 2. Li a bi l i ti es to Ba nk Indones i a

107

Annual Report 2016


Company Profile

Management Report

-

Balance (10) 2,079,034 13,194 223,629 120,676 102,953 70,412 180,164 143,785 18,727 125,058 36,379 36,379 1,505,335 1,486,234 19,101 86,300 2,079,034 1,703,066 1,594,193 138,370 102,300 1,353,523 1,353,523 -

-

-

2015 Maturity*) > 1 week > 2 weeks > 1 month > 3 months > 6 months s.d 1 week s.d 2 weeks s.d 1 month s.d 3 months s.d 6 months s.d 12 months (11) (12) (13) (14) (15) (16)

886,301 -

> 12 months (17)

261,426 13,194 223,629 120,676 102,953 22,912 -

43,008 6,000 -

64,725 14,500 -

168,790 25,000 -

242,548 2,000 20,000 20,000 20,000 -

326,823 30,231 20,140 20,140 10,091 10,091 -

971,714 129,933 123,645 18,727 104,918 6,288 6,288 -

1,691 1,691 -

37,008 37,008 -

33,358 33,358 -

143,790 143,790 -

216,173 216,173 -

296,592 296,592 -

776,723 757,622 19,101 -

261,426 581,136 533,049 138,370 90,899 303,780 303,780

43,008 266,239 258,350 1 258,349

16,867 64,725 561,883 534,330 112 534,218

168,790 207,657 202,657 692 201,965

4,375 242,548 29,080 29,080 748 28,332

326,823 27,775 27,775 896 26,879

65,058 971,714 29,296 8,952 8,952 -

258,349

534,218

201,965

28,332

26,879

-


3. Li a bi l i ti es to other ba nks 78,704 4. Securi ti es i s s ued a . Obl i ga s i b. Subordi na s i ****) c. Others 5. Loa ns a . Subordi na s i Loa n ****) b. Others 6. l i a bi l i ti es Others a . Li a bi l i ty on s ecuri ti es s ol d b. Others 7. Others 30,169 Total Liability 1,703,066 Difference in Assets with Liabilities in the Balance Sheet 375,968 II. ADMINISTRATIVE ACCOUNTS A. Administrative Account Charges 1. Commi tment a . Loa n fa ci l i ty not yet b. Pos i ti on of s pot a nd 1) Spot 2) Deri va ti f c. Others 2. Conti ngency *****) Total Administrative Account Charges B Liabilities of Administrative Account 1. Commi tment a . Credi t fa ci l i ti es tha t ha ve not been wi thdra wn b. Runni ng Irrevoca bl e L/C c. Pos i ti on of s pot a nd deri va ti ve purcha s es a re s ti l l runni ng 1) Spot 2) Deri va ti f d. Others 2. Conti ngency ******) Total Liabilities of Administrative Account Differences in Charges and Liabilities in Accounts Administratif Difference [(IA-IB)+(IIA-IIB)] Cumulative Difference

Financial Statement


48,087 -

5,017 -

20,600 -

5,000 -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

581,136 (319,710)

7,769 7,769 7,769 227,456 226,931

207,657 (38,867)

29,080 213,468

27,775 299,048

20,344 29,296 942,418

-

-

-

-

-

7,769 -

-

-

-

-

-

-

-

28 28

8,041 8,041

9,394 9,394

81,830 81,530

39,163 38,988

86,688 86,638

7,769 7,769 2,312 2,312

28

8,041

9,394

81,530

38,988

86,638

2,312

-

-

-

-

-

-

-

28 (28)

8,041 (8,041)

9,394 (9,394)

300 81,830 (81,830)

175 39,163 (39,163)

50 86,688 (86,688)

2,312 5,457

(319,738)

(231,272)

(506,552)

(120,697)

174,305

212,360

163,457

394,729

901,281

525 227,456 (219,687)

-

6,953 561,883 (497,158)

-

226,931 -

156,281

2,872 266,239 (223,231)

1,021,978

-

-

947,875 -

*) The figures are based on maturity in accordance with the contracts for those who have contractual and / or estimated maturities using Various assumptions for those not having contractual maturity **) Includes Securities sold with agreements to repurchase (Repo) ***) To be completed on the basis of the estimation obtained the payment on credit based on the contract is due ****) Including those calculated in KPMM and reported on LBU on Loan Capital post *****) Which is expected to affect Cash flow (to bill) ******) Which is expected to affect the cash flow (to be obligatory)

OPERATIONAL RISK Basel Accord II requires Banks to include operational risk as one component in the calculation of the capital adequacy of a bank. To achieve business objectives, banks need to find the optimal balance between business, operational and risk management. Risks related to credit operations, the use of risk event is one way to capture information to irregularities in activities / lending process so that deviations that occur can be acted upon. Use risk event is expected to increase the risk control culture in every employee in carrying out activities operational (improving awareness of the risks).

In anticipation of the uncertain conditions in the future, evaluation Business Continuity Plan will be made to ensure the bank's business critical processes so as to minimize losses arising from risks. Other efforts will be developed related to operational risk management are as follows: • Evaluate determination Policy in application technology for reassure operational continuity such measurements performance and network capacity planning and security of communications networks. • Availability handling problems (help desk) Reliable statements or complaints submitted by customers or users of Information Technology.

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Company Profile

Management Report

In order to load calculation of capital and RWA Operations, Bank using methods Basic Indicator Approach (BIA) in accordance with the provisions of the regulator, the Financial Services Authority Circular No. 24 / SEOJK.03 / 2016 regarding the calculation of Risk Weighted Assets for Operational Risk by Using the Basic Indicator Approach, then in the following tables can be seen reporting details of operational risk capital adequacy BHI using the Basic Indicator approach, as follows. Quantitative Disclosure Operational Risk - Bank Individually

STRATEGIC RISK MANAGEMENT MECHANISMS In conducting strategic risk management, Bank BHI constantly review performance and evaluation of policy formulation business targets and perform corrective measures in developing strategic plans and business targets taking into account the internal and external conditions, if necessary. Bank BHI also continues to support the strengthening of the supporting program implementation through the development of financial performance management automated budgeting, PMS enhancement, and development Executive Information System (EIS). 2016

No

Type of Risk

(1)

(2)

Capital expenses

(3)

(4)

92,759

13,914

173,922

92,759

13,914

173,922

1 Basic Indicator Approach Total

LEGAL RISK Legal risk is the risk due to lawsuits and / or weakness of the judicial aspect. Implementation of the Law on the Bank's Risk Management BHI coordinated by the Department of Justice. In order to support the implementation of the Legal Risk Management processes throughout user (Unit of Work) Bank BHI in coordination with the Legal Division Legal Officer (LO) at Head Office. RISK MANAGEMENT LEGAL MECHANISM Risk management mechanism that includes the identification, measurement, control, and monitoring refers to the applicable provisions concerning risk management. Each unit owner and or implementing product and activity organizers are required to manage the risks to the maximum, including but not limited to legal risks essentially inherent in any product or activity made or carried out by the Bank, so it does not have broad impact. And lead to the emergence of other risks including but no limited to reputation risk. Bank BHI has established policies and procedures that are adequate to the law where Risk Management strategy of handling the legal issues dealt with by the Legal Division on issues of a general nature and specific to the associated credit is handled by the Department Legal Credit and Admin Support and credit Recovery if there is a lawsuit from the debtor or execution of a strategic decision and failure to anticipate changes in the business environment.

109

Annual Report 2016

2015

Gross Income (average last 3 years)

RWA

Gross Income (average last 3 years)

Capital expenses

(5)

(6)

(7)

85,947

12,892

161,151

85,947

12,892

161,151

RWA (8)

COMPLIANCE RISK Compliance risk is the risk due to the bank does not comply with and / or implement legislation and regulations. Bank BHI manages compliance risk by conducting a comprehensive review of policies to ensure the suitability of the operating standards and procedures as well as new product development with external and internal regulations. Compliance Unit in independently conduct assessment and other applicable provisions include actions such as: • The cause of advancing a culture of compliance at all levels of the organization and the business activities of the bank. • Manage compliance risks faced by the Bank, compliance risk management measures implemented by referring to the provisions of the FSA concerning risk management for commercial banks. • Ensure compliance with the commitments made by the bank to the FSA and other authorities.


Financial Statement


Bank BHI has an organizational structure that is responsible for managing the compliance risks that consists of: 1. Director in charge compliance function responsible for establishing systems and procedures related to the bank's compliance risk management in order to minimize risk such compliance. Director in charge of the compliance function is also responsible for drafting strategy promoting culture obedience. 2. Compliance Unit at Head Office responsible for preparing compliance risk management methodology and conduct surveillance on unit labor bank wide so that the potential compliance risks can be minimized. In addition, the Compliance Unit at Head Office also prepares measures to support creation Compliance Culture in all banking activities in every level of organization. 3. Compliance Unit at SKK work unit is operational technical implementation in each Directorate to assist in carrying out the function of Director of Compliance, including identifying and providing historical data on occurrence sanctions and to monitor implementation control compliance risk. RISK MANAGEMENT COMPLIANCE MECHANISM Dalam mengelola risiko kepatuhan, Bank BHI menggunakan konsep Enterprise Risk Management (ERM) untuk memperoleh gambaran risiko yang lebih menyeluruh. Pengelolaan risiko dilakukan melalui 2 (dua) pendekatan, yaitu Top Down berdasarkan penilaian Direksi melalui (Enterprise Risk Assessment) ERA dan Bottom Up berdasarkan analisa tren data historis. Pada bottom up approach, pengelolaan risiko kepatuhan dibagi ke dalam beberapa tahapan, yaitu: 1. Identification risk obedience poured into risk compliance statement (CRS) which includes regulations related, causes of risk, control risk, and an action plan is needed to prevent compliance risks. 2. Risk assessment obedience that already identified rated (assessing the identified risk) by each risk owner for compliance risk profile in their work unit. The risk assessment carried out by: • The possibility of a risk. • The impact if the risk occurs. Other than that, risk owner also conducted an assessment of the effectiveness of the control exercised. 3. Monitoring of compliance risk is done by:

• • •

Reviewing that the compliance risk identification process has been done properly. Reviewing that the implementation of controls and mitigation has been done properly. Reviewing that the process of compliance risk assessment has been done properly and consider the historical data sanctions.

REPUTATION RISK Reputation risk is the pillar of trust potentially the emergence of risk partly due to the negative publicity related to business activities that may affect the company's corporate image. Thus affect the level of public confidence in the Bank BHI. Reputation risk management is done through the monitoring of media publications in collaboration with third-party services. In an effort to increase brand image, Bank BHI actively running programs CSR (Corporate Social Responsibility) and other social activities as a sign of sharing.

INTRA-GROUP TRANSACTIONS RISK Transaction risks intra-Group is a consequent risk dependence of an entity, either directly or indirectly to other entities within a conglomerate Finances in order fulfillment of contractual obligations written or unwritten agreements that followed the transfer of funds and / or not followed by transfer of funds. MECHANISM OF RISK MANAGEMENT TRANSACTIONS INTRAGROUP In assessing and managing this risk parameters used are: • The composition of intragroup transactions in the financial conglomerate. • Documentation and reasonableness of the transaction, and other information relating to the risk of intragroup transactions.

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Management Report

Company Profile


Human Resource Management

Seeing the development of current bank, Bank BHI is one of the National Private Bank, which already go public in 2015. With the announcement of a public company, Bank BHI continues to show progress even though in 2016 the Bank BHI decreased from the credit side, but even then experienced by most of the banks in Indonesia. Bank BHI continued to show its commitment to always follow the existing economic development, especially in the banking world. It is now known that in 2020 the Asean Economic Community (AEC) will go to Indonesia, one of which is to the banking sector. So it cannot be denied that the whole banking in Indonesia will improve itself, especially in the readiness of its human resources so that local labor in Indonesia is not inferior to foreign workers in ASEAN.

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Because the MEA is a form of economic integration of ASEAN, which means Indonesia and nine other ASEAN countries implement free trade system, which essentially focuses on "Establishment of the ASEAN region that is stable, prosperous, and competitive with economic growth and equitable as well as to reduce poverty and social inequality". Focuses MEA are: Negara-negara di kawasan Asia Tenggara akan dijadikan sebuah wilayah kesatuan pasar dan basis produksi. 1. Countries in the region will be used as a unitary region market and production base. 2. The formation of a competitive economic region with a high level, which requires a policy that covers competition policy, consumer protection, intellectual property rights (IPR), Taxation, and eCommerce. 3. Realize region that have uneven economic development, with priority on Small and Medium Enterprises (SMEs). 4. ASEAN economic region that is fully integrated to the global economy.



Banking HR related phenomenon in Indonesia in connection with the MEA based on a survey of Indonesian banks in 2014 by PWC found that: 1. 44% of respondents mention lack of qualified human resources as The main difficulty in meet the human resources needs of the bank. 2. 32% of employee’s piracy phenomenon in the Indonesian banking industry or lack of quantity of human resources with the main reasons includes providing better compensation packages and career prospects are better. 3. 5-15% voluntary turnover rate or mismatch of demand remuneration. 4. 9% mismatch work culture. With the results from the survey, it is possible that the number of banking HR continues to increase due to the banking industry continues to grow and is expected in 2020 will absorb more than 800,000 labor both fixed and non-fixed or forecasted growth of banking HR approximately ± 50,000 people per year. For the Financial Services Authority appealed to all banks in Indonesia in order to face the MEA as much as possible to prepare its human resources in order to maintain competitiveness because of the openness of market access by: 1. Provide HR training funds at least 5% of the total labor costs a year. 2. Implementation Certification include: • Risk Management Certification • Banking Professional Certification 3. Develop the use of the provisions of Foreign Workers and Knowledge Transfer Program (Special for Foreign Bank). Develop the use of the provisions of Foreign Workers and Knowledge Transfer Program (Special for Foreign Bank). The challenges ahead related to the MEA, among others: 1. The growing need for products and services which means it takes good quality human resources 2. The development of information technology is very influential in the business process as the original bank transactions are done Conventional become Online (Internet Banking) are available at any time (24 hours) 3. In order to face the challenges of competing with banks and other institutions, then the bank should reconsider in terms of: • Giving Remuneration • Career path • Prestige obtained HR

Financial Statement

As preparations for the MEA mentioned above, Bank BHI as one of the banks operating in Indonesia, are also obliged to provide all employees with competence standards that determined. HUMAN RESOURCES DEVELOPMENT PLAN One path to be taken by Bank BHI in developing Human Resources in the face of MEA is to improve the working system in each unit by changing the mindset or the mindset of employees who normally work independently with individual properties high altered patterns of thought into working as a team and are encouraged to always be pro-active in any problems that exist in each work unit so that each existing error rate can be minimized. In early 2016, the Bank BHI Work Ethic seeks to provide training to each bank officials with the aim that the bank officials can become the motor of each unit of work each. Work Ethic good because it will result in good performance, become more focused and sensitive, more positive thoughts, more innovative and better teamwork. As one evidence of improved Working System that has already begun is of the work unit Credit Division where in previous year Credit Division is one division that no monitoring or supervision strong leadership so that the credit process end to end of its very weak as evidenced by the increased credit troubled banks. The following improvements Work System which has been run by the Credit Division include: Membuat SOP Credit Monitoring 1. Make SOP credit Monitoring 2. Settling in the work unit Appraisal • Make SOP process appraisal from end to end. • Centralizing petition filing appraisal in the central office and conduct followup to an external appraisal (KJPP Independent). • Reactivating an internal appraisal to assessment. 3. Revamping process review in credit Reviewers • Credit Head Office Reviewers are required to make their own analysis different with analysis of the branch. • The reform of the credit committee meeting. • Review of all credit proposals that go before being presented to the credit committee. 4. Make Credit Policy • SE alternate official at Credit Division. • SE internal use appraisal. • SE acceptable collateral and avoided. • SE-making call Report as a guide work unit which will a visit to the debtor.

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Company Profile

Management Report

All repair work systems above can be run due to the commitment of all the working units and firmness of leadership. For that to support the Credit Division and other divisions in the improvement of the working system, the bank will prepare and equip staff diunit each work with the appropriate skills to be able to have competence inline between a unit with other work units according to expectations of the company.

3.

4. 5.

6. For the bank in the process of provisioning for each employee provides training among others by Professional Certification training in accordance with the respective working position, the goal that every employee can understand the duties and responsibilities of each job in order to minimize the risk that will happen. Training Professional Certification suggested by the Financial Services Authority, among others: 1. Treasury Dealer Field 2. Bank Internal Audit 3. Wealth Management Field 4. Compliance / Obedience Field 5. Line Of Credit 6. General Banking Field 7. Funding & Services Field 8. Operation Field 9. Risk Management Furthermore, the bank will be firm to all employees who do not want to change with sanctions because they have hampered the work process. Currently the bank will perform Inventory each work unit in order to get the data include: 1. Whether in a single unit of work there are employees who are not productive? 2. Are the employees already understood the duties and responsibilities of each? 3. Are there overlapping of work load so that the level of risk of error is high? 4. Do employees own competencies and skills in accordance with the field? 5. Are there tasks that are not balanced between the employees of the other employees? As a first step the bank will perform Inventory employees in branch offices and Sub Branch respectively, if the branch and the Sub Branch can become a branch and Sub Branch that provide a profit center for the company, by way of, among others: 1. Seeing the contribution of work for all marketing which exists. 2. Ensure that every marketing does have skill and competence in accordance with the duties and responsibilities.

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Annual Report 2016


To monitor whether the leadership has done its job by giving coaching or a clear briefing every morning to the whole team marketing. Ensure leadership function Leaders work as expected. Ensure that the working atmosphere in every branch and Sub Branch pretty good and conducive. Ensure branch office operations and has aligned Sub Branch with internal regulations and the provisions of the FSA in order to minimize the risk level of the bank.

Furthermore, in order to support business growth in the branch office and the team needed Sub Branch support from the central office. For that the bank will perform repair work system in all units include: CREDIT DIVISION Credit is a division team supports the main business growth in the branch office and Sub Branch will make corrections and improvement works in 2017 to make improvements, among others: 1. Making the work systems and procedures include: • SOP offering Letter for customers • SOP Binding Process • Credit SOP end to end processes in retail and commercial • SOP Delivery Guarantee 2. Reviewing the Credit Policy. 3. Make improvements to the process with the system. 4. Make the rating of the debtor by grading. 5. Reviewing credit products MARKETING DIVISION Make improvements by reviewing existing policies, among others: 1. Ensure that all customers in the bank already served well accordance with the provisions and procedures. 2. Ensure that any marketing that can assist clients in meeting their needs by not imposing harm the interests of the bank at a later date. 3. Ensure that the existing bank products already marketed or introduced to customers. 4. Seek broke new ground by making new products tailored to the competition among banks culture Bank BHI. 5. To monitor growth and Sub branch office each month. 6. kantor cabang maupun Sub Branch setiap bulannya.

OPERATIONAL DIVISION Operations Division will make improvements to review operation of existing policies, among others: 1. Ensure that operations at the branch office or Sub Branch have been going well according to the procedure so that customers are satisfied with the services provided by the bank.


2. 3. 4. 5. 6.


Ensure that all customer transactions can be executed properly and on time. Ensure that the level of human error or the error rate to a minimum. Ensure that the process of disbursement of the loan the client is running smoothly. Ensure that all reports required by the FSA can be met on time. Ensure that the calculation of all taxes have been calculated precisely and correctly.

IT DIVISION As a team that is considered the most important in building the infrastructure and technology in the bank will carry out repairs and review, among others: 1. Ensure that the system core banking Temenos T24 there can support the needs of the Credit Division and Division Marketing in selling all products and policies. 2. Ensure that the system core banking Temenos T24 can continue to be developed according to the needs of banks in the future. 3. Ensure that the system core banking Temenos T24 can in-line with all the other work units. 4. Ensure that the system core banking Temenos T24, always follow the rules and policies determined by the FSA. 5. Ensure that the system core banking Temenos T24 can cooperate with other vendors such as insurance companies etc. 6. Ensure that the system core banking Temenos T24 has a good network security as well as to avoid fraud at a later time.

TREASURY DIVISION Treasury Division will make improvements and reviewing, among other things: 1. Ensure that the management of funds received from customers can be accounted for properly. 2. Ensure that the needs funds for disbursement at the branch office or Sub Branch can be met on time. 3. Ensure that the treasury division could also be profit center in addition to the branch office and Sub Branch. 4. Cooperating with other banks with road money market line and ensure that the inter-bank transactions can be done well. 5. Ensure that all policies and procedures are executed according to existing regulations. 6. Provide updated information to the branch office and Sub Branch regarding developments in interest rates according to the provisions of each month.

Financial Statement

then to saving costs when they have to recruit new, HR Division will provide training or training for staff who need to increasing the skills and competence to be able to support the tasks and that responsibilities. ENHANCEMENT SKILL COMPETENCE AND EMPLOYEES To follow up and realize what training or training required of employees mentioned above, HR Division has distributed any form of Needs and Priorities Education & Training for each user or principal. The form required to be filled in order to provide input to the HR Division to produce an action plan in the field of training, the training needs needed to improve the knowledge and competence of staff in each work unit. Training which is run by the HR Division can be: 1. In-house Training, organized by the banks internal or working with external parties to be coordinated by the HR Division. 2. Public training (External) with certain employees include regular coaching according to the needs of the bank. 3. Following the seminar or workshop.

Apart training or general training, HR Division also required to comply with the provisions for officials to have the certification specified by the FSA or other agencies: RISK MANAGEMENT CERTIFICATION Banks now have to equip officials with Risk Management Certificate. This risk management debriefing given up to the level of supervisor or officer and several positions that are considered core risk taking units. CERTIFICATION OF BANKING PROFESSIONALS Banking Professional Certification is a new certification that is required by the Financial Services Authority as one of the requirements that must be fulfilled by every employee of the bank in the future in order to anticipate the entry of MEA to Indonesia. Financial Services Authority expects that local labor is not inferior to the labor force of the ASEAN States, especially in terms of competence. Financial Services Authority will also limit any position that could be filled by foreign workers (foreign workers). Banking Professional Certification which must be met by the bank for the future includes: 1. Certification Internal audit Bank 2. Certification Wealth Management 3. Certification Treasury Dealer 4. Certification General Banking

All the above mentioned needs will be coordinated by the Division of HR by seeing whether those needs can be met from existing employees. Or if it is seen still cannot be met from internal sources because they do not meet the existing competencies,

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5. 6. 7. 8. 9.

Management Report

Risk Management Certification Certification Compliance / Obedience Certification credit Certification Operation Certification Funding & Services

With the enactment of this Professional Certification, it is expected that all employees can follow one of certification in accordance with the position and positions respectively. The future will be driven by the bank's employees to compete in their respective field of work. For employees who are capable of and show a good work performance will be given the opportunity to be promoted in order to improve the level of his career. REVIEWING SYSTEM OF EMPLOYEES AND REMUNERATION POLICY HRD To expedite the repair process in the Bank's Working System in order to run well as expected, in which all employees are required to be involved to work harder, then the bank is obliged to give awards to employees for the contribution given work. Currently the bank has made improvements in terms of preparation Salary Scale Structure and 2016 as adjusted for the salary scale of bank peer group is the same as Bank BHI. In addition to improvement of structure and salary scale, Bank BHI also revised the Job Grading employee matrix, which matrix Job Grading has been adapted to the weight and the assignment of responsibilities of each employee.

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Annual Report 2016

Company Profile


Job Grading among employees from one another will be different views on the duties, responsibilities and work experience respectively. Furthermore, the bank plans to conduct a review of salaries of all the employees that are applicable to the new salary scale structures. Most important banks remain committed to always pay attention to the progress and welfare of all employees. UTILIZATION OF FOREIGN MANPOWER AND OURSOURCHING In accordance with the plan works well for the short, medium and long term Bank BHI not intend to use foreign labor, because human resources are still being felt quite have the competency to develop the Bank BHI future become a local bank that is not inferior to the local banks more. As for the outsourcing of labor employed in the Bank BHI is the type of work contract workers are not at risk, do not require high competence and qualifications in banking and are not directly related to the decisionmaking process affecting the operations of the bank. Workforce outsourcing among others: driver / driver, security / security and pramubakti / office boy some 99 people from all branches and Sub Branch in Bank BHI.



Financial Statement


Always Hold CSR Program Bank BHI is committed to implement the program of Corporate Social Responsibility (CSR) by involving all employees and the public

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Management Report

Company Profile


CSR kaleidoscope Bank BHI 2016

MARCH 28, 2016 BLOOD DONOR OF THE YEAR 2016

APRIL 22, 2016 BEAUTIFUL SHARING "FOUNDATION GRIYA ASIH“

Bank BHI held Blood Donor event by inviting the Indonesian Red Cross (PMI), Employees / Employee Bank BHI and shared Employees / Employee of the KTM Group conduct blood donation is done in the Banking Hall-BHI KPO.

By doing social visits and presents several events to Griya Asih Foundation (Foundation Pioneer and Empowering Street and Neglected Children), in order to celebrate the Passover with 2016. Being CSR activities include: • Providing assistance / donations of cash and noncash (in-kind) from BHI and voluntary contributions from • Employees / employee and customer BHI Branch / Sub Branch BHI. • Lunch together. • Held: introducing BHI while educating children Griya Asih Foundation, race looking for Easter eggs and some fun games. • Giving the gift of the race. • Celebrating the anniversary event for children's birthdays in April.

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Annual Report 2016



JUNE 15, 2016 FAST OPEN JOINT CHILDREN ORPHANS

Financial Statement

DECEMBER 16, 2016 CHRISTMAS CELEBRATION TOGETHER & NEGLECTED

STREET

CHILDREN

Inviting children Orphan / Orphan managed by the Foundation Maqdis and Holy House Al'Hijrah in breaking the fast together with employees / employee Bank BHI by presenting speaker and Kultum carrier.

Inviting street children and displaced from Griya Asih Foundation to celebrate Christmas, the children of Griya Asih Foundation Percussion show events.

The whole event is run in the Banking Hall KPO with a form of CSR activities: • Donations to the needs of orphans / Orphan. • Administration souvenirs to orphans / Orphan.

Being CSR activities include: • Make a donation to the Foundation Griya Asih. • Lunch together. • Christmas souvenirs.

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Management Report

CSR Structure Business Bank BHI is committed to increasing the contribution to the public through activity Corporate Social Responsibility (CSR) Bank. Budget management responsibility and CSR program under the coordination of the work unit concerned. Bank BHI has allocated a special budget to support the implementation of CSR activities.

Policies and Execution of CSR Bank BHI continues to realize a harmonious relationship with stakeholders for the sustainability of CSR activities and provide a wider impact, especially for the general public. The effort is realized through activities that involve the local community as an effort to increase CSR activities, such as: 1. Health Program, which is implemented in the form of blood donation in collaboration with the Indonesian Red Cross (PMI). 2. Religious program implemented in order to commemorate the religious holiday and is given in the form of donations to orphanages and relief equipment.

Soscial Responsibility To The Enviroment Bank BHI continues to participate in maintaining the environment in the form of bank operations efficiency program that aims to preserve the environment. The activities carried out are to make savings in some areas is carried out through socialization and advice in all offices of Bank BHI. Austerity program implemented are as follows: 1. Efficient use of electricity and water. Electricity saving is done by turning off the lights and air conditioning room specifically back office at lunchtime as well as turning off lights and air conditioning room that is not being used. 2. Efficient use of paper with maximizes the use of soft copy or through the medium of email. Saving paper usage is expected to help the preservation of nature as well as reduce the felling of trees. 3. Efficient use of fuel oil (BBM) by conducting strict controls on the use of vehicle fuel operational and service vehicles office.

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Annual Report 2016

Company Profile


Social Responsibilities Related to Labor, Health and Safety (K3) Bank BHI has a strong commitment related to labor, health and safety. Description of the CSR related labor, health and safety at work is described as follows: LABOR ACTIVITY • Equity in Education and Training Program to improve the skill and competence of employees to support the operations of the Bank, Bank BHI education programs and training. Each employee has an equal opportunity to participate in education and training programs, only to be adapted to the needs and plan company development. • Gender Equality and Employment Bank provides equal opportunity for all people, both men and women, regardless of ethnicity, religion, race, class, gender, or physical condition to participate in recruitment program employees. Appointment candidate employees based on the result of the selection, evaluation results on probation. • Bank's remuneration policy applied BHI is to prioritize skills, competence and integrity of the employees. Banks also have to comply with all the applicable rules related to remuneration, where the remuneration all employees are compliant or are above minimum wage standards that apply in the operational area of the Bank. EMPLOYEE HEALTH POLICY The health of employees is one of the main keys of the achievement of the performance of individual employees and the company as a whole. Therefore, efforts to maintain employee health are a shared responsibility. Bank BHI provides healthcare facilities for Employees.



Social Responsibility for the Product and Customer Bank BHI is committed to provide value added service to its customers. The service is not only the best products, but also with consistent service, credible, thorough and attentive to the needs of our customers as well as a form of fulfillment of responsibility of the Company to its customers. Bank BHI not only provides banking products are safe and useful for people, but also provide maximum protection to the consumer (product responsibility). Bank BHI's commitment to consumer protection, among others, the Customer and the Deposit Protection Guarantee program Improvement Service in sustainable. Customer Confidentiality guarantee besides always strive to provide the best service for its customers, as a financial institution. Bank BHI is committed to maintaining the trust and customer confidentiality provisions that refer to the following: 1. Act No. 7 of 1992 concerning Banking 2. Law of the Republic of Indonesia Number 10 of 1998 on the Amendment of Law Number 7 of 1992 3. Bank Indonesia Regulation Number 2/19 / PBI / 2000 regarding Requirements and Procedures for Opening Orders or Bank Secrecy Written Permission

Financial Statement

Social Responsibility and Community For the continuation of the Company's operational activities, public welfare is very important because it directly or indirectly involve the community. Therefore, the Bank BHI looked very necessary to undertake a responsibility to society. FORMS OF ACTIVITY • Blood Donor Event 2016 (March 28, 2016) • Beauty of Sharing "Griya Asih Foundation" (April 22, 2016) • Fasting with Orphans (June 15, 2016) • Christmas celebrations with older children Street & Displacement (December 16t, 2016)

PROTECTION SECURITY DEPOSITS FROM CUSTOMERS Public confidence in the banking industry is one of the keys to maintaining stability in the banking system. The confidence of birth if there is legal certainty in regulation, supervision and deposit insurance Bank customers. As the provisions in the Law no. 24 of 2004 concerning the Deposit Insurance Agency (LPS), Bank BHI provides guaranteed protection of the money saved by customers through the Deposit Insurance Agency.

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Financial Statement

Financial Statement

PT BANK HARDA INTERNASIONAL, TBK Financial Statements and Supplementary Information For Year Ended December 31, 2016 and 2015 And the Independent Auditor's Report

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Annual Report 2016

PT BANK HARDA INTERNASIONAL Tbk LAPORAN KEUANGAN/FINANCIAL STATEMENTS Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016/ As of and For the year Ended December 31, 2016 dan/and LAPORAN AUDITOR INDEPENDEN/ INDEPENDENT AUDITORS’ REPORT

PT BANK HARDA INTERNASIONAL TBK

DAFTAR ISI / TABLE OF CONTENTS

Halaman/ Pages DIRECTOR’S STATEMENT LETTER

SURAT PERNYATAAN DIREKSI

INDEPENDENT AUDITORS’ REPORT

LAPORAN AUDITOR INDEPENDEN LAPORAN KEUANGAN PADA DAN UNTUK TAHUN YANG BERAKHIR TANGGAL 31 DESEMBER 2016

FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2016

LAPORAN POSISI KEUANGAN

1-2

STATEMENT OF FINANCIAL POSITION

LAPORAN LABA RUGI DARI PENGHASILAN KOMPREHENSIF LAIN

3–4

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

LAPORAN PERUBAHAN EKUITAS

5

LAPORAN ARUS KAS

6–7

CATATAN ATAS LAPORAN KEUANGAN

8 – 133

STATEMENT OF CHANGES IN EQUITY STATEMENT OF CASH FLOWS NOTES TO FINANCIAL STATEMENTS

PT BANK HARDA INTERNASIONAL Tbk LAPORAN POSISI KEUANGAN 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain )

PT BANK HARDA INTERNATIONAL Tbk STATEMENT OF FINANCIAL POSITION December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

Catatan/

31 Desember/December 31

31 Desember/December 31

Notes

2016

2015

3d,5, 34

14.326.073.550

13.194.462.550

Cash

Giro pada Bank Indonesia

3d,3h,3m,6, 34

99.900.870.882

120.675.625.707

Demand deposits with Bank Indonesia

Giro pada bank lain

3d, 3h,3m,7,34

14.240.149.088

2.111.506.118

ASET Kas

P enempatan pada Bank Indonesia dan bank lain Efek-efek

ASSETS

3b,3d,3i, 3m,8,34 3b,3d,3k,3m,9a,34

234.945.114.871

171.252.820.499

109.475.993.411

180.164.648.020

Efek-efek yang dibeli dengan janji dijual kembali

Demand deposits with other banks Placements with Bank Indonesia and and other banks Securities Securities purchased under

3j,3m,9b,34

37.602.000.000

-

agreements to resell

Kredit yang diberikan setelah dikurangi cadangan kerugian penurunan nilai sebesar

3c,3d,3l,3m

Loans net of allowance

10,29,34

for impairment losses

Rp 19.321.702.252 pada

of Rp 19,321,702,252

tanggal 31 Desember, 2016,

as of December 31, 2016,

Rp 50.887.483.569 pada

Rp 50,887,483,569

tanggal 31 Desember 2015,

as of December 31, 2015,

P ihak berelasi

24.726.726.290

21.773.388.116

Related parties

1.354.415.985.535

1.432.673.767.234

Third parties

1.379.142.711.825

1.454.447.155.350

Loans - net

3d,3m,3w,11,34

16.887.216.943

21.475.221.258

Interest receivables

3q,12

6.370.547.846

7.913.969.177

Prepaid expenses

P ihak ketiga

Kredit yang diberikan - bersih P endapatan bunga yang masih akan diterima Biaya dibayar dimuka Aset tetap setelah dikurangi akumulasi

Fixed assets

penyusutan sebesar

net of accumulated depreciation of

Rp 24.615.609.061 tanggal 31

Rp 24,615,609,061 as of December

Desember 2016, Rp 23.184.268.116 pada tanggal 31 Desember 2015

31, 2016, Rp 23,184,268,116 3m,3n,13

31.745.308.898

33.062.128.543

Aset pajak tangguhan - bersih

3z, 18d

11.376.728.353

14.933.802.356

Deferred tax assets - net

Aset takberwujud - bersih

3o, 14

5.726.525.553

6.605.814.598

Intangible assets - net

96.723.799.626

53.197.150.897

Other assets - net

2.058.463.040.846

2.079.034.305.073

TOTAL ASSETS

Aset lain-lain - bersih JUMLAH ASET

3d,3m,3p,3r,15

Catatan atas laporan keuangan merupakan bagian yang tidak terpisahkan dari laporan keuangan secara keseluruhan.

as of December 31, 2015

The accompanying notes to financial statements are an integral part of these financial statements taken as a whole.

1

PT BANK HARDA INTERNASIONAL Tbk LAPORAN POSISI KEUANGAN – Lanjutan 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain ) Catatan/ Notes

PT BANK HARDA INTERNATIONAL Tbk STATEMENT OF FINANCIAL POSITION – Continued December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

31 Desember/December 31 2016

31 Desember/December 31 2015

LIAB ILITAS DAN EKUITAS

LIABILITIES AND EQUITY

LIAB ILITAS Liabilitas segera

LIABILITIES 3e,3s,34

Simpanan nasabah

3c,3e,3t,

P ihak berelasi

16,29,34

P ihak ketiga Jumlah Simpanan dari bank lain P ihak berelasi

17,29,34

Jumlah Utang pajak P endapatan diterima dimuka Bunga yang masih harus dibayar

4.443.636.515

20.347.629.509

8.230.961.290

Related parties

1.548.130.209.151

1.585.961.304.597

Third parties

1.568.477.838.660

1.594.192.265.887

Deposits from customers

3z,18 3w 3e,3w,19,34

Total Deposits from other banks

3c,3e,3u,

P ihak ketiga

Obligations due immediately

10.509.975.262

2.210.277.994

1.409.393.093

Related parties

68.669.728.581

77.294.927.862

Third parties

70.880.006.575

78.704.320.955

Total

1.906.910.523

2.872.495.452

Taxes payable

406.698.143

351.283.096

Unearned income

6.096.401.417

6.952.714.843

Accrued interests Post-employment

Liabilitas imbalan pasca-kerja Liabilitas lain-lain

3v,20 3e,21,34

JUMLAH LIAB ILITAS

14.749.507.059

870.550.000

799.650.000

Other liabilities

1.676.654.662.275

1.703.065.873.807

TOTAL LIABILITIES

EKUITAS

EQUITY

Modal saham

Capital stock

Modal dasar - 10.000.000.000

Authorized- 10,000,000,000

saham dengan nilai nominal

shares with par value

Rp100 per saham pada tanggal

Rp 100 per share as of

31 Desember 2016 dan

December 31, 2016 and

31 Desember 2015

December 31, 2015,

Modal ditempatkan dan disetor

Issued and paid-up

3.650.000.000 saham dengan

3,650,000,000 shares with

nilai nominal Rp 100 per saham

par value Rp 100 per share

pada tanggal 31 Desember 2016 dan 31 Desember, 2015

as of December 31, 2016 and 22

365.000.000.000

365.000.000.000

22

16.230.230.398

16.230.230.398

Surplus revaluasi aset tetap

3n,13

22.777.406.814

23.696.308.187

P engukuran kembali atas program

3v,3z

Tambahan modal disetor

benefits liabilities

17.506.281.695

December 31, 2015 Additional paid -in capital Surplus on revaluation

imbalan pasti Saldo laba Ditentukan penggunaannya Tidak ditentukan penggunaannya JUMLAH EKUITAS

20

1.509.917.094

2.052.997.140

22

benefits plan Retained earnings

2.000.000.000

2.000.000.000

(25.709.175.735)

(33.011.104.459)

381.808.378.571

375.968.431.266

JUMLAH LIAB ILITAS DAN EKUITAS

of fixed assets Remeasurement of defined

Appropriated Unappropriated TOTAL EQUITY TOTAL LIABILITIES

2.058.463.040.846


2.079.034.305.073

AND EQUITY


2

PT BANK HARDA INTERNASIONAL Tbk LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN Untuk Tahun yang Berakhir Tanggal 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain )

PT BANK HARDA INTERNASIONAL Tbk STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

Catatan/

31 Desember/December31


Notes

2016

2015

PENDAPATAN DAN B EB AN

OPERATING INCOME AND

OPERASIONAL

EXPENSES

P endapatan bunga

3c,3w,3x,23,29

Beban bunga

3c,3w,3x,24,29,30

P endapatan bunga - bersih

215.914.153.424

239.232.612.252

(121.422.969.312)

(147.365.969.669)

94.491.184.112

91.866.642.583

P endapatan operasional lainnya

Interest income Interest expenses Interest income - net Other operating income :

Keuntungan transaksi mata uang asing - bersih

3b

59.816.660

64.513.500

P rovisi dan komisi selain dari kredit - bersih

Gain on foreign exchange - net Fees and commissions not related

3x

1.357.364.866

1.713.020.895

to loans - net Administration and penalties

P endapatan administrasi dan denda

3y

5.322.941.944

Kerugian MTM

-

5.039.754.752 (692.870.000)

income Loss on MTM

P enjualan efek-efek

3k

2.717.870.000

-

Sales of securities

Lain-lain - bersih

3y

632.841.233

821.792.100

Others - net

10.090.834.703

6.946.211.247

Total other operating income

Jumlah pendapatan operasional lainnya P embentukan cadangan kerugian

Provision of allowance for

penurunan nilai aset keuangan

3m

impairment losses on financial

dan aset non- keuangan

25

(11.091.924.004)

(75.299.153.564)

Umum dan administrasi

26a

(32.734.742.169)

(34.684.532.006)

Tenaga kerja

26b

(52.543.752.574)

(50.367.234.757)

Personnel expenses

(85.278.494.743)

(85.051.766.763)

Total other operating expenses

8.211.600.068

(61.538.066.497)

Beban operasional lainnya:

assets and non- financial assets Other operating expenses:

Jumlah beban operasional lainnya LAB A (RUG I) OPERASIONAL -

Administrative expenses

INCOME (LOSS) FROM

B ERSIH PENDAPATAN (B EB AN) NON -

OPERATIONS -NET NON-OPERATING INCOME

OPERASIONAL - B ERSIH

(EXPENSES) - NET

Keuntungan penjualan aset tetap - bersih

3n,27

8.185.200

1.516.836.846

Gain on sale of fixed assets - net

diambil alih

3r,27

278.263.795

73.550.000

assets

Lainnya - bersih

27

(49.299.003)

Others - net

Keuntungan (kerugian) atas penjualan agunan yang

Gain ( loss) on sale of foreclosed

2.380.808.647

PENDAPATAN (B EB AN) NON -

NON-OPERATING INCOME

OPERASIONAL - B ERSIH

2.667.257.642

1.541.087.843

LAB A (RUG I) SEB ELUM MANFAAT (B EB AN) PAJAK Manf aat (beban) pajak LAB A (RUG I) TAHUN B ERJALAN

(EXPENSES) - NET INCOME (LOSS) BEFORE TAX

10.878.857.710 3z,18d

(59.996.978.654)

(3.791.824.583)

14.018.772.292

7.087.033.127

(45.978.206.362)


BENEFIT (EXPENSE) Tax benefit (expense) INCOME (LOSS) FOR THE YEAR


3

PT BANK HARDA INTERNASIONAL Tbk LAPORAN LABA RUGI DAN PENGHASILAN KOMPREHENSIF LAIN - Lanjutan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain )

PT BANK HARDA INTERNASIONAL Tbk STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME – Continued For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

Catatan/



Notes

2016

2015

PENG HASILAN KOMPREHENSIF

OTHER COMPREHENSIVE

LAIN

INCOME

Pos-pos yang tidak akan direklasif ikasi berikutnya ke

Items that will not be reclasified

laba rugi : Surplus revaluasi aset tetap

subsequently to profit or loss : 3n,13

(972.625.272)

5.757.877.583

3v,20

(724.106.728)

1.892.747.940

P engukuran kembali atas program imbalan pasti

Remeasurement of defined

P ajak atas penghasilan terkait pos-pos yang tidak akan direklasifikasi ke laba/rugi

Revaluation of fixed assets

benefit plan Income tax relating to items that

3v,3z,13

will not be reclassified to

18

234.750.581

(1.912.656.381)

to profit or loss

JUMLAH PENG HASILAN (KERUG IAN)

TOTAL COMPREHENSIVE INCOME

KOMPREHENSIF

(LOSS) FOR THE YEAR

TAHUN B ERJALAN SETELAH PAJAK

(1.461.981.419)

5.737.969.142

NET OF TAX

JUMLAH PENG HASILAN

TOTAL COMPREHENSIVE INCOME

KOMPREHENSIF TAHUN B ERJALAN

5.625.051.708

(40.240.237.220)

LAB A (RUG I) PER SAHAM DASAR

FOR THE YEAR BASIC EARNINGS (LOSS)

3aa,28

1,94


(14,56)

PER SHARE


4

PT BANK HARDA INTERNASIONAL Tbk LAPORAN PERUBAHAN EKUITAS Untuk Tahun yang Berakhir Tanggal 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain )

PT BANK HARDA INTERNASIONAL Tbk STATEMENTS OF CHANGES IN EQUITY For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

Modal

Pengukuran kembali atas

Surplus

ditempatkan

Tambahan

revaluasi

program

dan disetor

modal

aset tetap/

imbalan pasti/

penuh/Shares

disetor/

Surplus

Remeasurement

Ditentukan

Tidak ditentukan

Catatan/

capital issued

Additional

on revaluation

of defined

penggunaannya/

penggunaannya/

Jumlah ekuitas/

Notes

and fully paid

paid-in capital

of fixed assets

benefit plan

Appropriated

Unappropriated

Total equity

235.000.000.000

20.000.000.000

20.723.400.000

633.436.185

2.000.000.000

12.967.101.903

291.323.938.088

Balance as of January 1, 2015

130.000.000.000

(3.769.769.602)

-

-

-

-

126.230.230.398

Additional capital

Saldo laba/Retained earnings

Saldo per 1 Januari 2015 Penambahan modal

22

Rugi tahun berjalan Penurunan surplus revaluasi

13

(1.345.500.000)

-

-

(45.978.206.362)

(45.978.206.362)

Loss for the year

-

(1.345.500.000)

Decrease on surplus revaluation

5.737.969.142

Other comprehensive net income

Penghasilan komprehensif lain bersih

13

-

-

4.318.408.187

1.419.560.955

-

-

365.000.000.000

16.230.230.398

23.696.308.187

2.052.997.140

2.000.000.000

(33.011.104.459)

Laba periode berjalan

-

-

-

-

-

7.087.033.127

7.087.033.127

Income for the period

Transfer ke saldo laba

-

-

-

-

-

214.895.597

214.895.597

Transfer to retained earning

Saldo per 31 Desember 2015

Penghasilan komprehensif lain bersih Saldo per 31 Desember 2016

375.968.431.266 Balance as of December 31, 2015

13 18,20

-

-

365.000.000.000

16.230.230.398

(918.901.373)

(543.080.046)

22.777.406.814

1.509.917.094


-

-

2.000.000.000

(25.709.175.735)

(1.461.981.419) Other comprehensive income - net 381.808.378.571

Balance as of December 31,2016


5

PT BANK HARDA INTERNASIONAL Tbk LAPORAN PERUBAHAN ARUS KAS Untuk Tahun yang Berakhir Tanggal 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain )

PT BANK HARDA INTERNASIONAL Tbk INTERIM STATEMENT OF CASH FLOWS For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

Catatan/



Notes

2016

2015

ARUS KAS DARI

CASH FLOWS FROM

AKTIVITAS OPERASI

OPERATING ACTIVITIES

P endapatan bunga yang diterima Beban bunga yang dibayar P endapatan operasional lainnya

220.502.157.739

236.136.158.942

(122.279.282.738)

(148.170.837.918)

Interest expenses paid

(761.905.961)

(67.949.316.012)

Other operating income

Laba selisih kurs - bersih

59.816.660

64.513.500

Interest income received

Gain on foreign exchange - net

Beban tenaga kerja

(50.511.084.666)

(47.586.001.130)

Personnel expenses

Beban administrasi dan umum

(30.274.167.276)

(32.056.062.723)

General and administrative expenses

Beban non-operasi - bersih

2.360.072.442

24.250.997

Arus kas dari aktivitas operasi

Non-operating expenses - net Cash flows from operating activities

sebelum perubahan aset dan

before changes in operating

liabilitas operasi

19.095.606.200

(59.537.294.344)

assets and liabilities Decrease ( increase) in operating

P enurunan (kenaikan) aset operasi:

assets:

Efek-efek

70.688.654.609

(56.672.621.816)

Efek-efek yang dibeli dengan janji

Securities purchased under

dijual kembali

(37.602.000.000)

Kredit yang diberikan

75.304.443.525

Biaya dibayar dimuka

1.543.421.331

P ajak dibayar dimuka

-

Aset lain-lain

(44.284.378.404)

50.387.360.586

agreements to resell Loans

(906.022.639)

Prepaid expenses

(4.620.250.773)

Prepaid taxes

(32.750.935.232)

Kenaikan (penurunan) liabilitas

Other assets Increase ( decrease) in operating

operasi:

liabilities:

Simpanan

Deposits

Giro

20.475.532.984

Demand deposits

7.366.982.265

7.429.442.207

Saving deposits

(38.636.773.209)

(53.366.520.566)

Time deposits

(965.584.929)

(971.356.683)

Taxes payable

(2.268.950.663)

Tabungan Deposito berjangka Utang pajak Liabilitas lain-lain

6.192.653.795

1.832.672.083

Arus kas bersih diperoleh

Other liabilities Net cash flows provided

dari (digunakan untuk)

by ( used in)

aktivitas operasi

56.434.074.520

(128.699.994.193)

ARUS KAS DARI

operating activities CASH FLOWS FROM

AKTIVITAS INVESTASI

INVESTING ACTIVITIES

P embelian aset tetap

13

(195.352.870)

P enjualan aset tetap

13

13.321.867

1.520.709.610

P embelian aset takberwujud

14

(74.250.000)

(1.100.000.000)

(757.883.872)

(256.281.003)

(337.174.262)

Arus kas bersih digunakan untuk aktivitas investasi

Securities

Purchase of fixed assets Sale of fixed assets Purchase of intangible assets Net cash flows used in investing


activities


6

PT BANK HARDA INTERNASIONAL Tbk LAPORAN PERUBAHAN ARUS KAS – Lanjutan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016 (Dinyatakan dalam Rupiah, kecuali dinyatakan lain )

PT BANK HARDA INTERNASIONAL Tbk INTERIM STATEMENT OF CASH FLOWS – Continued For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

Catatan/



Notes

2016

2015

ARUS KAS DARI AKTIVITAS

CASH FLOWS FROM

PENDANAAN P enambahan modal disetor

FINANCING ACTIVITY 22

-

30.000.000.000

P enerimaan penerbitan saham melalui penawaran umum perdana - bersih

Paid-up capital Proceed from issuance of share through initial

22

-

96.230.230.398

-

126.230.230.398

Arus kas bersih diperoleh

public offering - net Net cash flows from

dari aktivitas pendanaan KENAIKAN (PENURUNAN)

financing activity INCREASE (DECREASE)

B ERSIH KAS DAN

IN CASH AND CASH

SETARA KAS

56.177.793.517

(2.806.938.057)

EQUIVALENTS CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS

AT BEGINNING OF THE

AWAL PERIODE/TAHUN

307.234.414.874

310.041.352.931

KAS DAN SETARA KAS

CASH AND CASH EQUIVALENTS AT

AKHIR PERIODE/TAHUN

363.412.208.391

307.234.414.874

Kas dan setara kas terdiri dari: Kas

PERIOD/YEAR

END OF THE PERIOD/YEAR Cash and cash equivalents consists of

5

14.326.073.550

13.194.462.550

Cash


6

99.900.870.882

120.675.625.707


Giro pada bank lain

7

14.240.149.088

2.111.506.118

Demand deposits with other banks

8

234.945.114.871

171.252.820.499

Placements with Bank Indonesia

363.412.208.391

307.234.414.874

Total cash and cash equivalents

P enempatan pada Bank Indonesia

Jumlah kas dan setara kas



7

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 1.

PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

UMUM

1.

a. Pendirian Bank dan Informasi Umum

GENERAL a. The Establishment of the Bank and General Information

PT Bank Harda Internasional Tbk (“Bank”) didirikan berdasarkan Akta Notaris No. 242 tanggal 21 Oktober 1992 dari Ny. Poerbaningsih Adi Warsito, S.H., notaris, di Jakarta. Akta pendirian tersebut telah mendapat pengesahan dari Kementerian Kehakiman Republik Indonesia dengan Surat Keputusannya No. C2-895.HT. 01.01.TH.93 tanggal 10 Pebruari 1993 serta diumumkan dalam Lembaran Berita Negara No. 25 tanggal 27 Maret 1993, Tambahan No. 1316.

PT Bank Harda Internasional Tbk (the "Bank") was established by Notarial Deed No. 242 dated October 21, 1992 from Mrs. Poerbaningsih Adi Warsito, S.H., notary, in Jakarta. The Deed of establishment was approved by the Ministry of Justice of the Republic of Indonesia in his Decree No. C2-895.HT.01.01.TH.93 dated February 10, 1993 and published in State Gazette No. 25 dated March 27, 1993, Supplement No. 1316.

Anggaran Dasar Bank telah mengalami beberapa kali perubahan. Perubahan terakhir Anggaran Dasar Bank dengan Akta Pernyataan Keputusan Rapat No. 3 tanggal 5 Oktober 2015 yang dibuat dihadapan notaris Edward Suharjo Wiryomartani, S.H., M.Kn., notaris, di Jakarta, sehubungan dengan: (i) perubahan pasal 4 ayat 2 Anggaran Dasar Bank mengenai komposisi modal dasar telah ditempatkan dan disetor sejumlah 3.650.000.000 saham dengan nilai nominal seluruhnya Rp 365.000.000.000 dengan rincian Rp 285.000.000.000 merupakan saham lama dan Rp 80.000.000.000 merupakan hasil penawaran umum saham Bank dan (ii) perubahan nama pemegang saham. Pernyataan Keputusan Rapat tersebut telah diterima dan dicatat di dalam Sistem Administrasi Badan Hukum, Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia, melalui suratnya No. AHUAH.01.03.0970743 dan No. AHU-AH.01.03.0970744 tanggal 28 Oktober 2015

The Bank’s Articles of Association have been amended several times. The latest amendment of the Bank’s Articles of Association is by the Deed of The Meeting Decision Statement No. 3 dated October 5, 2015 of Edward Suharjo Wiryomartani, S.H., M.Kn., notary, in Jakarta, related with: (i) changes in article 4 paragraph 2 of the Bank’s Articles of Association regarding the composition of the basic capital has been issued and paid-up amounting to 3,650,000,000 shares with total nominal value of Rp 365,000,000,000, consisting of Rp 285,000,000,000 worth of existing shares and Rp 80,000,000,000 from the result of initial public offering of Bank’s shares and (ii) changes the name of the shareholders. The Deed of The Meeting Decision Statement has been received and recorded in Legal Bank Administration System, Minister of Law and Human Rights of the Republic of Indonesia,in its letter No. AHU-AH.01.03.0970743 and No. AHUAH.01.03.0970744 on October 28, 2015.

Sesuai dengan Pasal 3 Anggaran Dasar Bank, tujuan Bank adalah melakukan usaha perbankan dengan melaksanakan kegiatan usaha antara lain menghimpun dana dari masyarakat, memberikan kredit, menerbitkan surat pengakuan utang, melakukan kegiatan penitipan untuk kepentingan pihak lain berdasarkan suatu kontrak, dan membeli melalui pelelangan agunan sesuai maupun sebagian dalam hal debitur tidak memenuhi liabilitasnya kepada Bank.

In accordance with Article 3 of the Bank’s Articles of Association, the purpose of the Bank is to conduct banking business by conducting business activities such as collecting funds from public, providing loans, issuing letters of credit, conducting custody activities for the benefit of other parties based on a contract, and buying through the auction of collateral as well as part in the event that the debtor does not fulfill its obligations to the Bank.

Bank memperoleh izin usaha sebagai Bank Umum dari Kementerian Keuangan Republik Indonesia dengan keputusan No. 455/KMK.07/1994 tanggal 8 September 1994. Selain usaha perbankan umum, Bank juga melakukan usaha sebagai pedagang valuta asing sesuai dengan Surat Izin No. 29/56/UOPM tanggal 20 Desember 1996 dari Urusan Operasi Pengendalian Moneter Bank Indonesia, yang telah diperbaharui dengan Surat Keputusan Direktur Perizinan dan Informasi Perbankan No. 5/3/KEP.Dir.PIP/2004 tanggal 24 Desember 2003.

The Bank obtained a license as a Commercial Bank from the Ministry of Finance of the Republic of Indonesia with the decision No. 455/KMK.07/1994 dated September 8, 1994. In addition to commercial banking business, the Bank also conducts business as a foreign exchange trader in accordance with Permit Letter No. 29/56/UOPM dated December 20, 1996 from the Monetary Control Operation Affairs of Bank Indonesia, which was amended by the Decree of the Director of Licensing and Banking Information No. 5/3/KEP.Dir.PIP/2004 dated December 24, 2003.

8

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 1.

PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated)

UMUM - Lanjutan

1.

a. Pendirian Bank dan Informasi Umum - Lanjutan

GENERAL – Continued a. The Establishment of the Bank and General Information – Continued

Induk perusahaan Bank adalah PT Hakim Putraperkasa yang juga merupakan pemegang saham mayoritas dari Bank.

The Bank’s direct holding company is PT Hakim Putraperkasa which is the majority stockholder of the Bank.

Kantor Pusat Bank berlokasi di Jalan K.H. Samanhudi No. 10 Jakarta Pusat 10710 dan telah mendapat persetujuan dari Bank Indonesia dengan Surat No. 9/1163/ DPNP/Prz tanggal 21 Nopember 2008. Bank saat ini mempunyai 9 (sembilan) Kantor Cabang, 7 (tujuh) Kantor Cabang Pembantu, dan 2 (dua) Kantor Kas

Bank's Head Office is located at Jalan K.H. Samanhudi No. 10 Jakarta Pusat 10710 and has received approval from Bank Indonesia by Letter No. 9/1163/DPNP/Prz dated November 21, 2008. The Bank currently has 9 (nine) Branch Offices, 7 (seven) Sub-branch Offices, and 2 (two) Cash Offices. b. Public Offering of The Bank’s Shares

b. Penawaran Umum Saham Bank Pada tanggal 31 Juli 2015, Bank memperoleh Surat Pernyataan Efektif dari Dewan Komisioner Otoritas Jasa Keuangan (OJK) dengan suratnya No. S-346/D.04/2015 untuk melakukan penawaran umum saham perdana sejumlah 800.000.000 lembar saham biasa atas nama dan dengan nilai nominal Rp 100 (angka penuh) setiap lembar saham yang ditawarkan kepada masyarakat dengan harga penawaran Rp 125 (angka penuh) setiap saham. Termasuk didalam jumlah saham umum perdana kepada masyarakat adalah saham yang telah dialokasikan sehubungan dengan Program Alokasi Saham Karyawan (Employee Stock Allocation, “ESA”) sejumlah 1.270.000 lembar saham berdasarkan Surat Keputusan Direksi No. 024/SKDIR/V/2015.

On July 31, 2015, the Bank obtained the Effective Statement Letter from Board of Commissioners of Financial Services Authority (FSA) through its Letter No. S-346/D.04/2015 for the Bank's initial public offering of 800,000,000 common shares to the public with a par value of Rp 100 (full amount) per share at an offering price of Rp 125 (full amount) per share. Included in the number of initial public shares offered to the public are shares that have been allocated in connection with Employee Stock Allocation Program (ESA) of 1,270,000 shares based on the Director Decision Letter No. 024/SKDIR/V/2015.

Pada tanggal 12 Agustus 2015, seluruh saham tersebut telah dicatat di Bursa Efek Indonesia.

These shares were listed on the Indonesian Stock Exchange on August 12, 2015.

c. Dewan Komisaris, Direksi, Komite Audit, Komite Pemantau Risiko, Komite Remunerasi dan Nominasi, Divisi Audit Internal dan Karyawan Kunci

c. Board of Commissioners, Directors, Audit Committee, Risk Monitoring Committee, Remuneration and Nomination Committee, Internal Audit Division and Key Employees

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 anggota Dewan Komisaris, Direksi, Komite Audit, Komite Pemantau Risiko, Komite Remunerasi dan Nominasi adalah sebagai berikut:

As of December 31, 2016 and December 31, 2015, the Board of Commissioners, Directors, Audit Committee, Risk Monitoring Committee, Remuneration and Nomination Committee are as follows:

31 Desember 2016/December 2016 Dewan Komisaris: Komisaris Utama/Independen Komisaris Independen Komisaris Komisaris Direksi: Direktur Utama Direktur Kepatuhan Direktur Direktur Direktur

Bernardus Dwibyantoro Robertus Soedaryatmo Yosowidagdo a) Rachman Hakim b) Novita Hakim c)

a)

Antonius Prabowo Argo Doddy Setyantoko Soewito d) Balian Halim e) HarryAbbas f) David Fisher Kusnadi

9

Board of Commissioners: President/Independent Commissioner Independent Commissioner Commissioner Commissioner Directors: President Director Compliance Director Director Director Director



UMUM – Lanjutan

1.

c. Dewan Komisaris, Direksi, Komite Audit, Komite Pemantau Risiko, Komite Remunerasi dan Nominasi, Divisi Audit Internal dan Karyawan Kunci - Lanjutan

GENERAL - Continued c. Board of Commissioners, Directors, Audit Committee, Risk Monitoring Committee, Remuneration and Nomination Committee, Internal Audit Division and Key Employees Continued

31 Desember 2016/December 2016 Komite Audit: Ketua Anggota Anggota Komite Pemantau Risiko: Ketua Anggota Anggota Komite Remunerasi dan Nominasi: Ketua Anggota Anggota a)

b)

c) d)

e)

f)

Bernardus Dwibyantoro Ignatius Sri Mulyanto Slamet Agus Pramono Bernardus Dwibyantoro Ignatius Sri Mulyanto Slamet Agus Pramono

Robertus Soedaryatmo Yosowidagdo a) Rachman Hakim Mariawati Tjitradinata

Audit Committee: Chairman Member Member Risk Monitoring Committee: Chairman Member Member Remuneration and Nomination Committee: Chairman Member Member

Mengundurkan diri efektif tanggal 21 September 2016.. Diangkat melalui Pernyataan Keputusan Rapat No. 80 tanggal 21 September 2016, dan telah efektif sesuai dengan Surat OJK No.SR47/PB.12/2017 tanggal 9 Maret 2017 Mengundurkan diri efektif tanggal 27 Juni 2016 Diangkat melalui Pernyataan Keputusan Rapat No. 2 tanggal 1 Desember 2015, dan telah efektif sesuai dengan Surat OJK No.SR-61/D.03/2016 tanggal 1 April 2016. Diangkat melalui Pernyataan Keputusan Rapat No. 80 tanggal 21 September 2016, dan telah efektif sesuai dengan Surat OJK No. SR89/PB.12/2016 tanggal 9 November 2016.

a)

Effectively resigned on September 21, 2016

b)

Diangkat melalui Pernyataan Keputusan Rapat No. 80 tanggal 21 September 2016, dan telah efektif sesuai dengan Surat OJK No. SR3/PB.12/2017 tanggal 13 Januari 2017

f)

Appointed based on the Meeting Decision Statement No.80 dated September 21, 2016, and has been effective in accordance with the FSA letter No.SR-47/PB.12/2017 dated March 9, 2017. Effectively resigned on June 27, 2016 Appointed based on the Meeting Decision Statement No.2 dated December 1, 2015, and has been effective in accordance with the FSA letter No.SR-61/D.03/ 2016 dated April 1, 2016. Appointed based on the Meeting Decision Statement No.80 dated September 21, 2016, and has been effective in accordance with the FSA letter No.SR-89/PB.12/ 2016 dated November 9, 2016. Appointed based on the Meeting Decision Statement No.80 dated September 21, 2016, and has been effective in accordance with the FSA letter No.SR-3/PB.12/ 2017 dated January 13, 2017.

c) d)

e)

31 Desember 2015/December 2015 Dewan Komisaris: Komisaris Utama/Independen Komisaris Komisaris Independen Direksi: Direktur Utama Direktur Kepatuhan Direktur Operasional Direktur Operasional Direktur Bisnis

Bernardus Dwibyantoro Rachman Hakim Robertus Soedaryatmo Yosowidagdo Antonius Prabowo Argo Doddy Setyantoko Soewito a) Budiarto Santoso b) Barlian Halim c) Teddy Sadikin

10

Board of Commissioners: President/Independent Commissioner Commissioner Independent Commissioner Directors: President Director Compliance Director Operational Director Operational Director Business Director



UMUM - Lanjutan

1.

c. Dewan Komisaris, Direksi, Komite Audit, Komite Pemantau Risiko, Komite Remunerasi dan Nominasi, Divisi Audit Internal dan Karyawan Kunci - Lanjutan

GENERAL - Continued c. Board of Commissioners, Directors, Audit Committee, Risk Monitoring Committee, Remuneration and Nomination Committee, Internal Audit Division and Key Employees – Continued

31 Desember 2015/December 2015 Komite Audit: Ketua Anggota Anggota Anggota Komite Pemantau Risiko: Ketua Anggota Anggota Anggota Komite Remunerasi dan Nominasi: Ketua Anggota Anggota a) b)

c)

d) e)

Bernardus Dwibyantoro d) Labib Y. Wardiman Slamet Agus Pramono e) Ignatius Sri Mulyanto Bernardus Dwibyantoro d) Labib Y. Wardiman Ignatius Sri Mulyanto e) Slamet Agus Pramono

Robertus Soedaryatmo Yosowidagdo Rachman Hakim Mariawati Tjitradinata

Mengundurkan diri efektif tanggal 1 Desember 2015 Diangkat melalui Pernyataan Keputusan Rapat No. 2 tertanggal 1 Desember 2015, dan akan efektif setelah dinyatakan lulus fit and proper test dari OJK

a)

Telah efektif melalui Surat Persetujuan OJK tanggal 6 Pebruari 2015 No. SR-13/D.03/2015 dan mengundurkan diri efektif berdasarkan Pernyataan Keputusan Rapat No. 2 tertanggal 1 Desember 2015. Mengundurkan diri efektif tanggal 30 Januari 2015. Telah efektif melalui Surat Keputusan Direksi tanggal 9 April 2015 No. 019/SK-DIR/IV/2015

c)

b)

d) e)

Audit Committee: Chairman Member Member Member Risk Monitoring Committee: Chairman Member Member Member Remuneration and Nomination Committee: Chairman Member Member

Effectively resigned on December 1, 2015 Appointed based on the Meeting Decision Statement No. 2 dated December 1, 2015, and will be effective after being granted of the fit and proper test from FSA. Has become effective by Approvement Letter of FSA letter dated February 6, 2015 No. SR-13/D.03/2015 and effectively resigned based on Meeting Decision Statement No. 2 dated December 1, 2015 Effectively resigned on January 30, 2015 Has become effective by the Director Decision Letter dated April 9, 2015 No. 019/SK-DIR/IV/2015

Kepala Divisi Audit Internal Bank pada tanggal 31 Desember 2016 dan 31 Desember 2015 adalah Wan Maraden Sinaga.

The Bank’s Internal Audit Division Head as of December 31, 2016 and December 31, 2015 is Wan Maraden Sinaga.

Sekretaris Perusahaan Bank pada 31 Desember 2016 dan 31 Desember 2015 adalah Barlian Halim dan Doddy Setyantoko Soewito.

The Bank’s Corporate Secretary as of December 31, 2016 and December 31, 2015 is Barlian Halim and Doddy Setyantoko Soewito, respectively.

Personil manajemen kunci mencakup anggota Dewan Komisaris dan Direksi, serta pejabat eksekutif yaitu pejabat yang bertanggungjawab langsung kepada Direksi atau mempunyai pengaruh yang signifikan terhadap kebijakan dan/atau aktivitas operasional Bank.

Key management personnel includes of members of the Board of Commisioners and Board of Directors, and executive officers who have direct responsibility to the Board of Directors or have significant influences over policies and/or operational activities of the Bank.

Jumlah gaji dan tunjangan yang dibayarkan kepada Dewan Komisaris dan Direksi masing- masing sebesar Rp 1.782.000.000 dan Rp 2.861.738.831 pada 31 Desember 2016 serta Rp 2.254.400.000 dan Rp 4.647.324.658 pada 31 Desember 2015

Total salaries and allowances paid to the Board of Commissioners and Directors amounted to Rp 1,782,000,000 and Rp 2,861,738,831 on December 31, 2016 and Rp 2,254,400,000 and Rp 4,647,324,658 on December 31, 2015 respectively.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 Bank memiliki 409 dan 291 karyawan tetap.

As of December 31, 2016 and December 31, 2015 the Bank has 409 and 291 permanent employees, respectively.

11



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI

2.

ADOPTION OF REVISED OR NEW STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (“PSAK”) AND INTERPRETATION ONFINANCIAL ACCOUNTING STANDARDS (“ISAK”)

a. Standar yang Diterbitkan dan Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2016)

a. Standards Issued and Effective in the Current Year (on or after January 1, 2016)

Dalam tahun berjalan, Bank telah menerapkan standar akuntansi keuangan (“SAK”) dan intrepretasi standar akuntansi keuangan (“ISAK”) baru dan revisi termasuk pengesahan amandemen dan penyesuaian tahunan yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan Ikatan Akuntan Indonesia yang dianggap relevan dengan kegiatan operasinya dan mempengaruhi laporan keuangan konsolidasian berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah 1 Januari 2016.

In the current year, the Bank has adopted all of the new and revised financial accounting standards (SAK) and interpretation to financial accounting standards (ISAK) including amendments and annual improvements issued by the Board of Financial Accounting Standards of the Indonesian Institute of Accountants that are relevant to its operations and affected to the financial statements effective for accounting period beginning on or after January 1, 2016.

SAK dan ISAK baru dan revisi termasuk pengesahan amandemen dan penyesuaian tahunan yang berlaku efektif dalam tahun berjalan adalah sebagai berikut:

New and revised SAKs and ISAKs including amendments and annual improvements effective in the current year are as follows:

-

Amandemen PSAK No. 4, “Laporan Keuangan Tesendiri tentang Metode Ekuitas dalam Laporan Keuangan Tesendiri”. Amandemen PSAK No. 4 ini memperkenankan penggunaan metode ekuitas sebagai salah satu metode pencatatan pada Entitas anak, ventura bersama dan Entitas asosiasi dalam laporan keuangan tersendiri Entitas tersebut.

-

Amendment to PSAK No.4, “Separate Financial Statements on Equity Method in Separate Financial Statements”. This Amendment to PSAK No. 4 allows the use of the equity method as a method of recording in subsidiaries, joint ventures and associates in the separate financial statements of the entity.

-

PSAK No. 5 (Penyesuaian 2015), “Segmen Operasi”. PSAK No. 5 (Penyesuaian 2015) ini menambahkan pengungkapan deskripsi singkat segmen operasi yang telah digabungkan dan indikator ekonomik yang memiliki karakteristik yang serupa.

-

PSAK No. 5 (Improvement 2015), “Operating Segments”. This PSAK No. 5 (Improvement 2015) adds a brief description of the disclosure operating segments that have been combined and economic indicators that have similar characteristics.

-

PSAK No. 7 (Penyesuaian 2015),“Pengungkapan Pihak-pihak Berelasi”. PSAK No. 7 (Penyesuaian 2015) ini menambahkan persyaratan pihak-pihak berelasi dan memberikan klarifikasi pengungkapan imbalan yang dibayarkan oleh Entitas manajemen.

-

PSAK No. 7 (Improvement 2015), “Related Party Disclosures”. This PSAK No. 7 (Improvement 2015) adds the requirements related party disclosures and clarifications remuneration paid by the management Entity.

-

PSAK No. 13 (Penyesuaian 2015), “Properti Investasi”. PSAK No. 13 (Penyesuaian 2015) ini memberikan klarifikasi bahwa PSAK No. 13 dan PSAK No. 22 saling mempengaruhi. Entitas dapat mengacu pada PSAK No. 13 untuk membedakan antara properti investasi dan properti yang digunakan sendiri. Entitas juga dapat mengacu pada PSAK No. 22 sebagai pedoman apakah akuisisi properti investasi merupakan kombinasi bisnis.

-

PSAK No. 13 (Improvement 2015), “Investment Property”. This PSAK No. 13 (Improvement 2015) clarifies that PSAK No. 13 and PSAK No. 22 are interacted. Entity can refer to PSAK No. 13 to distinguish between investment property and owner-occupied property. Entity may also refer to PSAK No. 22 as a guide whether the acquisition of an investment property is a business combination.

12



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI – Lanjutan a. Standar yang Diterbitkan dan Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2016) - Lanjutan

2.

ADOPTION OF REVISED OR NEW STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (“PSAK”) AND INTERPRETATION ONFINANCIAL ACCOUNTING STANDARDS (“ISAK”) – Continued

a. Standards Issued and Effective in the Current Year (on or after January 1, 2016) – Continued

-

Amandemen PSAK No.15 “Investasi pada Entitas Asosiasi dan Ventura bersama tentang Entitas Investasi: Penerapan Pengecualian Konsolidasi”. Amandemen PSAK No. 15 ini memberikan klarifikasi pada paragraph 36A tentang pengecualian konsolidasi untuk investasi ketika kriteria tertentu terpenuhi.

-

Amendment to PSAK No. 15 “Investments in Associates and Joint Ventures on Investment Entity: Application Consolidation Exception”. This Amendment to PSAK No. 15 provides clarification on the consolidation of paragraph 36A of exceptions for certain investments when certain criteria are met.

-

PSAK No. 16 (Penyesuaian 2015), “Aset Tetap”. PSAK No. 16 (Penyesuaian 2015) ini memberikan klarifikasi paragraf 35 terkait model revaluasi, bahwa ketika Entitas menggunakan model revaluasi, jumlah tercatat aset disajikan kembali pada jumlah revaluasiannya.

-

PSAK No. 16 (Improvement 2015), “Fixed Assets”. This PSAK No. 16 (Improvement 2015) provides clarification of paragraph 35 related to the revaluation model, that when an Entity uses the revaluation model, the carrying amount of the asset is restated on its revaluation amount.

-

Amandemen PSAK No.16, “Aset Tetap tentang Klarifikasi Metode yang Diterima untuk Penyusutan dan Amortisasi”. Amandemen PSAK No. 16 ini memberikan tambahan penjelasan tentang indikasi perkiraan keusangan teknis atau komersial suatu aset dan juga memberikan klarifikasi bahwa penggunaan metode penyusutan yang berdasarkan pada pendapatan adalah tidak tepat.

-

Amendment to PSAK No.16, “Fixed Assets on Clarification pf Acceptable Method of Depreciation and Amortization”. This Amendment to PSAK No. 16 provides an additional explanation of the approximate indication of technical or commercial obsolescence of an asset and also clarifies that the use of the depreciation method based on revenue is not appropriate.

-

PSAK No. 19 (Penyesuaian 2015), “Aset Takberwujud”. PSAK No. 19 (Penyesuaian 2015) ini memberikan klarifikasi pada paragraf 80 terkait model revaluasi, bahwa ketika Entitas menggunakan model revaluasi, jumlah tercatat aset disajikan kembali pada jumlah revaluasiannya.

-

PSAK No. 19 (Improvement 2015), “Intangible Assets”. This PSAK No. 19 (Improvement 2015) provides clarification on paragraph 80 related to the revaluation model, that when an Entity uses the revaluation model, the carrying amount of the asset is restated on its revaluation amount.

-

Amandemen PSAK No. 19, “Aset Takberwujud tentang Klarifikasi Metode yang Diterima untuk Penyusutan dan Amortisasi”. Amandemen PSAK No. 19 ini memberikan klarifikasi tentang anggapan bahwa pendapatan adalah dasar yang tidak tepat dalam mengukur pemakaian manfaat ekonomi aset takberwujud dapat dibantah dalam keadaan terbatas tertentu.

-

Amendment to PSAK No. 19, “Intangible Assets on Clarification of Acceptable Method of Depreciation and Amortization”. This Amendment to PSAK No. 19 provides clarification on the assumption that the revenue base is not appropriate in measuring the use of economic benefits of the intangible assets can be debated in certain limited circumstances.

-

PSAK No. 22 (Penyesuaian 2015), “Kombinasi Bisnis”. PSAK No. 22 (Penyesuaian 2015) ini memberikan klarifikasi ruang lingkup dan kewajiban membayar imbalan kontinjensi yang memenuhi definisi instrumen keuangan diakui sebagai liabilitas keuangan atau ekuitas. PSAK No. 22 (Penyesuaian 2015) ini juga mengakibatkan dampak penyesuaian terhadap PSAK No. 55, “Instrumen Keuangan: Pengakuan dan Pengukuran” dan PSAK No. 57, “Provisi, Liabilitas Kontinjensi dan Aset Kontinjensi”.

-

PSAK No. 22 (Improvement 2015), “Business Combinations”. This PSAK No. 22 (Improvement 2015) clarifies the scope and the obligation to pay contingent consideration that meet the definition of financial instruments are recognized as financial liabilities or equity. This PSAK No. 22 (Improvement 2015) also impacts the improvement to PSAK No. 55, "Financial Instruments: Recognition and Measurement" and PSAK No. 57, "Provisions, Contingent Liabilities and Contingent Assets".

13



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI Lanjutan a. Standar yang Diterbitkan dan Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2016) - Lanjutan

2.

ADOPTION OF REVISED OR NEW STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (“PSAK”) AND INTERPRETATION ONFINANCIAL ACCOUNTING STANDARDS (“ISAK”) – Continued a. Standards Issued and Effective in the Current Year (on or after January 1, 2016) – Continued

-

Amandemen PSAK No. 24, “Imbalan Kerja tentang Program Imbalan Pasti: Iuran Pekerja”. Amandemen PSAK No. 24 ini menyederhanakan akuntansi untuk kontribusi iuran dari pekerja atau pihak ketiga yang tidak bergantung pada jumlah tahun jasa, misalnya iuran pekerja yang dihitung berdasarkan persentase tetap dari gaji.

-

Amendment to PSAK No. 24, “Employee Benefits on a Defined Benefit Program: Workers Contribution”. This Amendment to PSAK No. 24 simplifies accounting for dues contributions from employees or third parties that do not depend on the number of years of service, for example, worker contributions are calculated based on a fixed percentage of salary.

-

PSAK No. 25 (Penyesuaian 2015), “Kebijakan Akuntansi, Perubahan Estimasi Akuntasi dan Kesalahan”. PSAK No. 25 (Penyesuaian 2015) ini memberikan koreksi editorial pada PSAK No. 25 paragraf 27 tentang keterbatasan penerapan retrospektif.

-

PSAK No. 25 (Improvement 2015), “Accounting Policies, Changes in Accounting Estimates and Errors”. This PSAK No. 25 (Improvement 2015) provides editorial corrections in PSAK No. 25 paragraph 27 on the limitations of retrospective application.

-

PSAK No. 53 (Penyesuaian 2015), “Pembayaran Berbasis Saham”. PSAK No. 53 (Penyesuaian 2015) ini memberikan klarifikasi definisi kondisi vesting dan secara terpisah memberikan definisi kondisi kinerja dan kondisi jasa.

-

PSAK No. 53 (Improvement 2015), “Sharebased Payments”. This PSAK No. 53 (Improvement 2015) clarifies the definition of vesting conditions and separately provides a definition of performance conditions and service conditions.

-

Amandemen PSAK No. 65, “Laporan Keuangan Konsolidasi tentang Bank Investasi: Penerapan Pengecualian Konsolidasi”. Amandemen PSAK No. 65 ini memberikan klarifikasi tentang Pengecualian Konsolidasi untuk Entitas Investasi ketika kriteria tertentu terpenuhi.

-

Amendment to PSAK No. 65, “Consolidated Financial Statements on Investment Entity: Application Consolidation Exception”. Amendment of PSAK No. 65 is to provide clarification on Exceptions Consolidation for Investment Entities when certain criteria are met

-

Amandemen PSAK No. 66, “Pengaturan Bersama tentang Akuntansi Akuisisi Kepentingan dan Operasi Bersama”. Amandemen PSAK No. 66 ini mensyaratkan bahwa seluruh prinsip kombinasi bisnis dalam PSAK No. 22, “Kombinasi Bisnis” dan PSAK lain beserta persyaratan pengungkapannya diterapkan untuk akuisisi pada kepentingan awal dalam operasi bersama dan untuk kepentingan akuisisi tambahan dalam operasi bersama, sepanjang tidak bertentangan dengan pedoman yang ada dalam PSAK No. 66.

-

Amendment to PSAK No. 66, “Joint Arrangements on the Accounting Acquisition of Interest and Joint Operations”. This Amendment to PSAK No. 66 requires the that all business combinations principles under PSAK No. 22, "Business Combinations" and other PSAKs along with disclosure requirements applicable to the acquisition of the initial interest in joint operations and for the acquisition of additional interests in joint operations, to the extent not contradictory with the guidelines contained in PSAK No. 66.

-

Amandemen PSAK No. 67, “Pengungkapan Kepentingan dalam Bank Lain tentang Bank Investasi: Penerapan Pengecualian Konsolidasi”. Amandemen PSAK No. 67 ini memberikan klarifikasi tentang pengecualian konsolidasi untuk Bank investasi ketika kriteria tertentu terpenuhi.

-

Amendment to PSAK No. 67, “Disclosures of Interests in Other Entities on Investment Bank: Application Consolidation Exception”. This Amendment to PSAK No. 67 provides clarification on the consolidation exception for investment Bank when certain criteria are met.

14



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI Lanjutan a. Standar yang Diterbitkan dan Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2016) - Lanjutan

2.

ADOPTION OF REVISED OR NEW STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (“PSAK”) AND INTERPRETATION ONFINANCIAL ACCOUNTING STANDARDS (“ISAK”) – Continued

a. Standards Issued and Effective in the Current Year (on or after January 1, 2016) – Continued

-

PSAK No. 68 (Penyesuaian 2015), Pengukuran Nilai Wajar”. PSAK No. 68 (Penyesuaian 2015) ini memberikan klarifikasi bahwa pengecualian portofolio, yang memperkenankan Entitas mengukur nilai wajar kelompok aset keuangan dan liabilitas keuangan secara neto, diterapkan pada seluruh kontrak (termasuk kontrak nonkeuangan) dalam ruang lingkup PSAK No. 55.

-

PSAK No. 68 (Improvement 2015), “Fair Value Measurements”. This PSAK No. 68 (Improvement 2015) clarifies that the portfolio exception, which permits Entity to measure the fair value of the group's financial assets and financial liabilities on a net basis, applied to all contracts (including non-financial contracts) within the scope of PSAK No. 55.

-

PSAK No. 70, “Akuntansi Aset dan Liabilitas Pengampunan Pajak” yang berlaku efektif sejak tanggal pengesahan Undang-Undang Pengampunan Pajak yaitu 1 Juli 2016. PSAK ini mengatur perlakuan akuntansi atas aset dan liabilitas pengampunan pajak sehubungan dengan penerapan Undang-Undang Pengampunan Pajak.

-

PSAK No. 70, “Accounting for Tax Amnesty Assets and Liabilities” which is effective from the date of enactment of the Tax Amnesty Law that is July 1, 2016. This PSAK is to provide specific accounting treatment for tax amnesty assets and liabilities related to the application of the Tax Amnesty Law.

-

ISAK No. 30, “Pungutan”. ISAK No. 30 ini merupakan interpretasi atas PSAK No. 57, “Provisi, Liabilitas Kontinjensi dan Aset Kontinjensi” yang memberikan klarifikasi akuntansi liabilitas untuk membayar pungutan, selain dari pajak penghasilan yang berada dalam ruang lingkup PSAK No. 46, “Pajak Penghasilan” serta denda lain atas pelanggaran perundang-undangan kepada Pemerintah.

-

ISAK No. 30, "Levy". This ISAK No. 30 is an interpretation to PSAK No. 57, “Provisions, Contingent Liabilities and Contingent Assets” which provides clarification of accounting liability to pay the levy, apart from the income taxes that are within the scope of PSAK No. 46, “Income Taxes” and other penalties for violations of law to the Government.

b. Standar yang Diterbitkan Namun Belum Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2017 dan 2018)

b. Standards Issued but not Effective in the Current Year (on or after January 1, 2017 and 2018)

-

Amandemen PSAK No 1, “Penyajian Laporan Keuangan tentang Prakarsa Pengukapan” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2017. Amandemen PSAK No 1 ini memberikan klarifikasi terkait penerapan persyaratan materialitas, fleksibilitas urutan sistematis catatan atas laporan keuangan dan pengidentifikasian kebijakan akuntansi signifikan.

-

Amendment to PSAK No. 1, “Presentation of Financial Statements on Disclosures Initiative” which is effective for the period beginning on or after January 1, 2017. This Amendment to PSAK No. 1 provides clarification related to the application of the requirements of materiality, flexibility in the systematic sequence of notes to financial statements and the identification of significant accounting policies.

-

Amandemen PSAK No. 2, “Laporan Arus Kas tentang Prakarsa Peungkapan” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2018. Amandemen PSAK No. 2 ini mensyaratkan Bank untuk menyediakan pengungkapan yang memungkinkan pengguna laporan keuangan untuk mengevaluasi perubahan pada liabilitas yang timbul dari aktivitas pendanaan, termasuk perubahan yang timbul dari arus kas maupun perubahan nonkas.

-

Amendment to PSAK No. 2, “Cash Flow Statements on Initiative Disclosures” which is effective for the period beginning on or after January 1, 2018. This Amendment to PSAK No. 2 requires Bank to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including changes arising from cash flow and changes in noncash.

15



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI – Lanjutan b. Standar yang Diterbitkan Namun Belum Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2017 dan 2018) – Lanjutan

2.

ADOPTION OF REVISED OR NEW STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (“PSAK”) AND INTERPRETATION ONFINANCIAL ACCOUNTING STANDARDS (“ISAK”) – Continued b. Standards Issued but not Effective in the Current Year (on or after January 1, 2017 and 2018) – Continued

-

PSAK No. 3 (Penyesuaian 2016), “Laporan Keuangan Interim” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2017. PSAK No. 3 (Penyesuaian 2016) ini mengklarifikasi bahwa pengungkapan interim yang dipersyaratkan harus dicantumkan dalam laporan keuangan interim atau melalui referensi silang dari laporan keuangan interim seperti komentar manajemen atau laporan risiko yang tersedia untuk pengguna laporan keuangan interim dan pada saat yang sama, jika pengguna laporan keuangan tidak dapat mengakses informasi yang ada pada referensi silang dengan persyaratan dan waktu yang sama maka laporan keuangan interim Entitas dianggap tidak lengkap.

-

PSAK No. 3 (Improvement 2016), “Interim Financial Reporting” which is effective for the period beginning on or after January 1, 2017. This PSAK No. 3 (Improvement 2016) clarifies that interim disclosures are required to be included in the interim financial statements or through cross-references of the interim financial statements as management commentary or risk report that is available to users of the interim financial statements and at the same time, if the users of financial statements can not access the information on the cross-reference with the same time and requirements then the interim financial statements of the Entity is considered incomplete.

-

Amandemen PSAK No. 16, “Aset Tetap tentang Agrikultur: Tanaman Produktif” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2018. Amandemen PSAK 16 ini mengklarifikasi bahwa aset biologis yang memenuhi definisi tanaman produktif (bearer plants) masuk dalam ruang lingkup PSAK 16: Aset Tetap. Definisi, pengakuan dan pengukuran tanaman produktif mengikuti persyaratan yang ada dalam PSAK 16: Aset Tetap.

-

Amendment to PSAK No. 16, “Fixed Assets on Agriculture: Productive Plants” which is effective for the period beginning on or after January 1, 2018. This amendment to PSAK No. 16 clarifies that biological assets that meet the definition of productive plants (plants bearer) included in the scope of PSAK 16: Fixed Assets. Definitions, recognition and measurement of productive plants follow the existing requirements in PSAK No. 16: Fixed Assets.

-

PSAK No. 24 (Penyesuaian 2016), “Imbalan Kerja” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2017. PSAK No. 24 (Penyesuaian 2016) ini mengklarifikasi bahwa pasar obligasi korporasi berkualitas tinggi dinilai berdasarkan denominasi mata uang obligasi tersebut dan bukan berdasarkan negara di mana obligasi tersebut berada.

-

PSAK No. 24 (Improvement 2016), “Employee Benefits” which is effective for the period beginning on or after January 1, 2017. This PSAK SFAS No. 24 (Improvement 2016) clarifies that the high-quality corporate bond market is valued based on currency denominated on such bonds and not based on the country in which the bonds are.

16



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI – Lanjutan b. Standar yang Diterbitkan Namun Belum Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2017 dan 2018) – Lanjutan -

Amandemen PSAK No. 46 ,”Pajak Penghasilan tentang Pengakuan Aset Pajak Tangguhan untuk Rugi yang belum Direalisasi” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2018. Amandemen PSAK No. 46: a. Menambahkan contoh ilustrasi untuk mengklarifikasi bahwa perbedaan temporer dapat dikurangkan timbul ketika jumlah tercatat aset instrumen utang yang diukur pada nilai wajar dan nilai wajar tersebut lebih kecil dari dasar pengenaan pajaknya, tanpa mempertimbangkan apakah Entitas memperkirakan untuk memulihkan jumlah tercatat instrumen utang melalui penjualan atau penggunaan, misalnya dengan memiliki dan menerima arus kas kontraktual, atau gabungan keduanya. b. Mengklarifikasi bahwa untuk menentukan apakah laba kena pajak akan tersedia sehingga perbedaan temporer yang dapat dikurangkan dapat dimanfaatkan, maka penilaian perbedaan temporer yang dapat dikurangkan tersebut dilakukan sesuai dengan peraturan pajak. c. Menambahkan bahwa pengurangan pajak yang berasal dari pembalikan aset pajak tangguhan dikecualikan dari estimasi laba kena pajak masa depan. Lalu Entitas membandingkan perbedaan temporer yang dapat dikurangkan dengan estimasi laba kena pajak masa depan yang tidak mencakup pengurangan pajak yang dihasilkan dari pembalikan aset pajak tangguhan tersebut untuk menilai apakah Entitas memiliki laba kena pajak masa depan yang memadai. d. Estimasi atas kemungkinan besar laba kena pajak masa depan dapat mencakup pemulihan beberapa aset Entitas melebihi jumlah tercatatnya jika terdapat bukti yang memadai bahwa kemungkinan besar Entitas akan mencapai hal tersebut.

17

2.

ADOPTION OF REVISED OR NEW STATEMENTS OF FINANCIAL ACCOUNTING STANDARDS (“PSAK”) AND INTERPRETATION ONFINANCIAL ACCOUNTING STANDARDS (“ISAK”) – Continued b. Standards Issued but not Effective in the Current Year (on or after January 1, 2017 and 2018) – Continued -

Amendment to PSAK No. 46, “Income Tax on the Recognition of deferred tax assets for unrealized losses” which is effective for the period beginning on or after January 1, 2018. Amendments to PSAK No. 46: a. Adding illustrative examples to clarify that the temporary differences are deductible arise when the carrying amount of assets debt instruments measured at fair value and the fair value is less than the taxable base, regardless of whether the Entity estimates to recover the carrying amount of a debt instrument through sale or use of, for example, to have and receive contractual cash flows, or a combination of both.

b. Clarifying that to determine whether the taxable income will be available so that the deductible temporary differences can be utilized, the valuation deductible temporary differences would be in line with tax regulations.

c. Adding that the tax reduction from the reversal of deferred tax assets is excluded from the estimate of future taxable income. Then the Entity compares deductible temporary differences to the estimated future taxable income that does not include tax reduction resulting from the reversal of deferred tax assets to assess whether the Entity has a sufficient future taxable income.

d. Estimate of the most likely future taxable income can include recovery of certain assets of the Entity exceeds its carrying amount if there is sufficient evidence that it is likely that the Entity will achieve.



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI – Lanjutan b. Standar yang Diterbitkan Namun Belum Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2017 dan 2018) – Lanjutan

2.


-

PSAK No. 58 (Penyesuaian 2016), “Aset Tidak Lancar yang Dimiliki Untuk Dijual dan Operasi yang Dihentikan” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2017. PSAK No. 58 (Penyesuaian 2016) ini mengklarifikasi bahwa perubahan dari satu metode pelepasan ke metode pelepasan lainnya dianggap sebagai rencana awal yang berkelanjutan dan bukan sebagai rencana pelepasan baru. Penyesuaian ini juga mengklarifikasi bahwa perubahan metode pelepasan ini tidak mengubah tanggal klasifikasi sebagai aset atau kelompok lepasan.

-

PSAK No. 58 (Improvement 2016), “Non-current Assets Held for Sale and Discontinued Operations” which is effective for the period beginning on or after January 1, 2017. This PSAK No. 58 (Improvement 2016) clarifies that the change from one method of disposal to other disposal methods to be regarded as the beginning of a sustainable plan and not as a new disposal plan. This improvement also clarifies that the change in the method of this disposal does not change the date of classification as an asset or disposal group.

-

PSAK No. 60 (Penyesuaian 2016), “Instrumen Keuangan: Pengungkapan”, yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2017. PSAK 60 (Penyesuaian 2016) ini mengklarifikasi bahwa Entitas harus menilai sifat dari imbalan kontrak jasa sebagaimana dalam paragraf PP30 dan paragraf 42C untuk menentukan apakah Entitas memiliki keterlibatan berkelanjutan dalam aset keuangan dan apakah persyaratan pengungkapan terkait keterlibatan berkelanjutan terpenuhi.

-

PSAK No. 60 (Improvement 2016), "Financial Instruments: Disclosures", which is effective for the period beginning on or after January 1, 2017. This PSAK No. 60 (Improvement 2016) clarifies that an Entity must assess the nature of the contract in exchange for services as provided in paragraph PP30 and paragraphs 42C to determine whether the Entity has a continuing involvement in financial assets and whether the disclosure requirements related to continuing involvement are met.

-

PSAK No. 69, “Agrikultur” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2018. PSAK 69 ini mengatur bahwa aset biologis atau produk agrikultur diakui saat memenuhi beberapa kriteria yang sama dengan kriteria pengakuan aset. Aset tersebut diukur pada saat pengakuan awal dan pada setiap akhir periode pelaporan keuangan pada nilai wajar dikurangi biaya untuk menjual. Selisih yang timbul dari perubahan nilai wajar aset diakui dalam laba rugi periode terjadinya. Pengecualian diberikan apabila nilai wajar secara jelas tidak dapat diukur secara andal. PSAK 69 juga memberikan pengecualian untuk aset produktif yang dikecualikan dari ruang lingkup. Pengaturan akuntansi aset produktif tersebut mengacu ke PSAK 16: Aset Tetap. PSAK 69 tidak mengatur tentang pemrosesan produk agrikultur setelah masa panen.

-

PSAK No. 69, “Agriculture” which is effective for the period beginning on or after January 1, 2018. This PSAK No. 69 stipulates that a biological asset or agricultural products are recognized when fulfilling some of the same criteria as the criteria for asset recognition. Such assets are measured at initial recognition and at the end of each financial reporting period at fair value less costs to sell. Differences arising from changes in fair value of assets recognized in profit and loss incurred. Exceptions are granted if the fair value clearly can not be measured reliably. PSAK No. 69 also provides an exception for assets which are excluded from scope. Accounting arrangements for such productive assets refers to PSAK No. 16, “Property, Plant and Equipment”. PSAK No. 69 does not regulate the processing of agricultural products after harvest.

18



PENERAPAN PERNYATAAN STANDAR AKUNTANSI KEUANGAN (“PSAK”) DAN INTERPRETASI STANDAR AKUNTANSI KEUANGAN (“ISAK”) BARU DAN REVISI – Lanjutan

2.

b. Standar yang Diterbitkan Namun Belum Berlaku Efektif Dalam Tahun Berjalan (pada atau setelah 1 Januari 2017 dan 2018) – Lanjutan -

3.


ISAK No. 31, “Interpretasi atas Ruang Lingkup PSAK No. 13: Properti Investasi” yang berlaku efektif untuk periode tahun buku yang dimulai pada atau setelah tanggal 1 Januari 2017. ISAK No. 31 ini memberikan interpretasi atas karakteristik bangunan yang digunakan sebagai bagian dari definisi properti investasi dalam PSAK No. 13, “Properti Investasi”. Bangunan sebagaimana dimaksud dalam definisi properti investasi mengacu pada struktur yang memiliki karakteristik fisik yang umumnya diasosiasikan dengan suatu bangunan pada adanya dinding, lantai, dan atap yang melekat pada aset.

-

ISAK No. 31, “Interpretation to Scope under PSAK No. 1, “Investment Property” which is effective for the period beginning on or after January 1, 2017. This ISAK No. 31 provides an interpretation of the characteristics of the building that is used as part of the definition of investment property under PSAK No. 13, “Investment Property”. The building referred to in the definition of investment property refers to structures that have physical characteristics that are generally associated with a building on its walls, floors, and roofs embedded to the asset.

Beberapa dari SAK dan ISAK termasuk amandemen dan peyesuaian tahunan yang berlaku dalam tahun berjalan dan relevan dengan kegiatan Entitas telah diterapkan sebagaimana dijelaskan dalam Ikhtisar Kebijakan Akuntansi yang Penting.

Several SAKs and ISAKs including amendments and annual improvements that became effective in the current year and are relevant to the Entity operation have been adopted as disclosed in the “Summary of Significant Accounting Polices”.

Beberapa SAK dan ISAK lainnya yang tidak relevan dengan kegiatan Entitas atau mungkin akan mempengaruhi kebijakan akuntansinya dimasa depan sedang dievaluasi oleh manajemen potensi dampak yang mungkin timbul dari penerapan standar-standar ini terhadap laporan keuangan.

Other SAKs and ISAKs that are not relevant to the Entity operation or might affect the accounting policies in the future are being evaluated by the management the potential impact that might arise from the adoption of these standards to the financial statements.

IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING

3.

SUMMARY POLICIES

OF

SIGNIFICANT

ACCOUNTING

Kebijakan akuntansi diterapkan secara konsisten dalam penyajian laporan keuangan, yaitu sebagai berikut:

The accounting policies have been applied consistently in the preparation of financial statements as follows:

a.

a.

Pernyataan kepatuhan dan dasar pengukuran dan penyusunan laporan keuangan

Statements of compliance and basis of measurement and preparation of financial statements

Laporan keuangan telah disusun dan disajikan sesuai dengan Standar Akuntansi Keuangan di Indonesia (SAK), yang mencakup Pernyataan dan Interpretasi yang dikeluarkan oleh Dewan Standar Akuntansi Keuangan (DSAK) Ikatan Akuntan Indonesia termasuk Pedoman Akuntansi Perbankan Indonesia (PAPI) 2008.

The financial statements have been prepared and presented in accordance with Indonesian Financial Accounting Standard, which comprise the Statements and Interpretations issued by the Board of Financial Accounting Standards (DSAK) of Indonesia Institute Accountants and include the Accounting Guidelines for Indonesia Banking Industry (PAPI) 2008.

Laporan keuangan juga disusun dan disajikan sesuai dengan peraturan Badan Pengawas Pasar Modal dan Lembaga Keuangan (“BAPEPAMLK”), yang fungsinya dialihkan kepada Otoritas Jasa Keuangan (OJK) sejak tanggal 1 Januari 2015)

The financial statements have also been prepared and presented in accordance with the regulation of Capital Market and Financial Institutions Supervisory Agency (“BAPEPAM- LK”), whose function has been transferred to the Financial Services Authority (FSA) since January 1, 2015),

19



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING – Lanjutan a.

Pernyataan kepatuhan dan dasar pengukuran dan penyusunan laporan keuangan – Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued a.

ACCOUNTING

Statements of compliance and basis of measurement and preparation of financial statements - Continued

No. VIII.G.7 yang merupakan Lampiran Keputusan Ketua BAPEPAM-LK NO. KEP347/BL/2012 tanggal 25 Juni 2012 tentang “Penyajian dan Pengungkapan Laporan Keuangan Emiten atau Perusahaan Publik”.

No. VIII.G.7, Appendix of the Decree of Chairman of the BAPEPAM-LK NO. KEP347/BL/2012 dated June 25, 2012 regarding “Financial Statements Presentation and Disclosure of the Issuer or Public Company”.

Dasar penyusunan laporan keuangan Bank, kecuali untuk laporan arus kas, adalah dasar akrual. Mata uang pelaporan yang digunakan untuk penyusunan laporan keuangan adalah mata uang Rupiah (Rp) yang juga merupakan sebagai mata uang fungsional Bank.

The Bank’s financial statements, except for the statements of cash flows, are prepared under the accrual basis of accounting. The reporting currency used in the preparation of the financial statements is Indonesian Rupiah (IDR), which also represents functional currency.

Laporan keuangan Bank disusun berdasarkan nilai historis, kecuali beberapa akun tertentu disusun berdasarkan pengukuran lain sebagaimana diuraikan dalam kebijakan akuntansi masing-masing akun tersebut. Laporan arus kas disusun dengan menggunakan metode tidak langsung dengan mengelompokkan arus kas dalam aktivitas operasi, investasi dan pendanaan. Kas dan setara kas terdiri dari kas, giro pada Bank Indonesia dan bank lain, penempatan pada Bank Indonesia dan bank lain dan Sertifikat Bank Indonesia (SBI) yang jatuh tempo dalam waktu tiga bulan atau kurang dari tanggal perolehannya dan yang tidak dijaminkan serta tidak dibatasi penggunaannya.

The Bank’s financial statements are prepared based on historical cost, except for certain accounts which are prepared based on other basis as described in the related accounting policies. The statements of cash flows were prepared using indirect method by classifying the cash flows into operating, investing and financing activities. Cash and cash equivalents consist of cash, demand deposits with Bank Indonesia and other banks, placements with Bank Indonesia and other banks and Bank Indonesia Certificates (SBI) with maturities of three months or less from the date of placements and not pledged nor restricted.

Dalam penyusunan laporan keuangan sesuai dengan Standar Akuntansi Keuangan di Indonesia, dibutuhkan pertimbangan, estimasi dan asumsi yang mempengaruhi:

The preparation of financial statements in conformity with Financial Accounting Standards in Indonesia, requires the use of judgements, estimates and assumptions that affect to:

 

penerapan kebijakan akuntansi, nilai aset dan liabilitas dilaporkan dan pengungkapan atas aset dan liabilitas kontinjensi pada tanggal laporan keuangan,

 



jumlah pendapatan dan beban selama periode pelaporan.



the application of accounting policies, the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, the amounts of revenues and expenses during the reporting period.

Walaupun estimasi ini dibuat berdasarkan pengetahuan terbaik manajemen atas kejadian dan tindakan saat ini, hasil yang timbul mungkin berbeda dengan jumlah yang diestimasi semula.

Although these estimates are based on management’s best knowledge of current events and activities, actual results may differ from those estimates.

Estimasi dan asumsi yang digunakan ditelaah secara berkesinambungan. Revisi atas estimasi akuntansi diakui pada tahun dimana estimasi tersebut direvisi dan tahun yang akan datang yang dipengaruhi oleh revisi estimasi tersebut.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the year in which the estimates are revised and in any future year affected.

Secara khusus, informasi mengenai hal-hal penting yang terkait dengan ketidakpastian estimasi dan pertimbangan penting dalam penerapan kebijakan akuntansi yang memiliki dampak yang signifikan terhadap jumlah yang diakui dalam laporan keuangan dijelaskan dalam Catatan 4.

In particular, information about significant areas of uncertainty estimation and critical judgements in applying accounting policies that have significant effect on the amounts recognized in the financial statements are described in Note 4.

20



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan b.

Penjabaran mata uang asing i

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued b.

Mata uang pelaporan dan fungsional

Foreign currency translation i

Laporan keuangan dijabarkan dalam mata uang Rupiah, yang merupakan mata uang fungsional Bank. ii

Reporting and functional currency The financial statements are presented in Indonesian Rupiah, which is the functional currency of the Bank.

Transaksi dan saldo dalam mata uang asing

ii

Transactions and balances in foreign currency

Kebijakan akuntansi atas transaksi dan saldo dalam mata uang asing didasarkan pada peraturan BAPEPAM-LK No. VIII.G.7 dan Pedoman Akuntansi Perbankan Indonesia (PAPI).

Accounting policies for transactions and balances in foreign currency are based on BAPEPAM-LK regulation No. VIII.G.7 and the Accounting Guidelines for Indonesia Banking Industry (PAPI).

Transaksi dalam mata uang asing dicatat dalam nilai Rupiah berdasarkan nilai tukar yang berlaku pada tanggal transaksi. Pada tanggal pelaporan, aset dan liabilitas moneter dalam mata uang asing dijabarkan ke dalam mata uang Rupiah berdasarkan kurs tengah Bank Indonesia.

Transactions in foreign currency are recorded in Indonesian Rupiah at the exchange rate prevailing at the transaction date. At the reporting date, monetary assets and liabilities in foreign currency are translated into Indonesian Rupiah using the middle rate of Bank Indonesia.

Keuntungan dan kerugian selisih kurs yang timbul dari transaksi dalam mata uang asing dan dari penjabaran aset dan liabilitas moneter dalam mata uang asing, diakui pada laporan laba rugi dan penghasilan komprehensif lain tahun berjalan.

Exchange gains and losses arising from transactions in foreign currency and from the translation of monetary assets and liabilities on foreign currency are recognized in the statements of profit or loss and other comprehensive income for the year.

Berikut ini adalah kurs mata uang asing utama yang digunakan untuk penjabaran kedalam Rupiah pada tanggal 31 Desember 2016 dan 31 Desember 2015 yang menggunakan kurs tengah Reuters yang ditetapkan oleh Bank Indonesia:

Below is the major foreign exchange rates used for the translation into Indonesian Rupiah as of December 31, 2016 and December 31, 2015 using the Reuters middle rate set by Bank Indonesia:

31 Desember/ December 31 2016 1 Dolar Amerika Serikat/Rp

c.

ACCOUNTING

31 Desember/ December 31 2015

13.436

13.785

Transaksi dengan pihak berelasi

c.

Bank melakukan transaksi dengan pihak berelasi. Definisi pihak berelasi yang digunakan sesuai dengan ketentuan PSAK 7 (Revisi 2010) dan PSAK No. 7 (penyesuaian 2015) mengenai “Pengungkapan Pihak-pihak Berelasi”:

21

United States Dollar 1/Rp

Transactions with related parties The Bank enters into transactions with related parties. The definition of related parties used is in accordance with PSAK No. 7 (Revised 2010) and PSAK No. 7 (Improvement 2015) regarding “Related Party Disclosures” as:



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan c.

Transaksi dengan pihak berelasi - Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued c.

i

Memiliki pengendalian atau pengendalian bersama atas Bank pelapor; ii Memiliki pengaruh signifikan atas Bank pelapor; atau iii Personil manajemen kunci Bank pelapor atau Bank induk Bank pelapor.

i

Has control or joint control over the reporting Bank; ii Has significant influence over the reporting Bank; or iii Is a member of the key management personnel of the reporting Bank or of a parent of the reporting entities. b. An Bank is related to a reporting Bank if any of the following conditions applies:

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

ii

iii iv

v

vi

vii

Transactions with related parties - Continued a. A person or a close member of the person’s family is related to a reporting Bank if that person:

a. Orang atau anggota keluarga terdekat mempunyai relasi dengan Bank pelapor jika orang tersebut:

i

Bank dan Bank pelapor adalah anggota dari kelompok usaha yang sama (artinya Bank induk, Bank anak dan Bank anak berikutnya terkait dengan Bank lain); Satu Bank adalah Bank asosiasi atau ventura bersama dari Bank lain (atau Bank asosiasi atau ventura bersama yang merupakan anggota suatu kelompok usaha, yang mana Bank lain tersebut adalah anggotanya); Kedua Bank tersebut adalah ventura bersama dari pihak ketiga yang sama; Satu Bank adalah ventura bersama dari Bank ketiga dan Bank yang lain adalah Bank asosiasi dari Bank ketiga; mbalan pasca-kerja untuk imbalan kerja dari salah satu Bank pelapor atau Bank yang terkait dengan Bank pelapor. Jika Bank pelapor adalah Bank yang menyelenggarakan program tersebut, maka Bank sponsor juga berelasi dengan Bank pelapor; Bank yang dikendalikan atau dikendalikan bersama oleh orang yang diidentifikasi dalam huruf (a); Orang yang diidentifikasi dalam huruf (a)(i) memiliki pengaruh signifikan atas Bank atau personil manajemen kunci Bank (atau Bank induk dari Bank).

ii i

ii

iii iv

v

vi

vii

Jenis transaksi dan saldo dengan pihak berelasi, telah diungkapkan dalam catatan atas laporan keuangan. d.

Aset keuangan i

22

Both entities are joint ventures of the same third party; One Bank is a joint venture of a third Bank and the other Bank is an associate of the third Bank; The Bank is a post-employment benefit plan for the benefit of employees of either the reporting Bank or an Bank related to the reporting Bank. If the reporting Bank is the Bank who organize the program, the sponsoring Bank are also related to the reporting Bank; The Bank is controlled or jointly controlled by a person identified in (a); A person identified in (a)(i) has significant influence over the Bank or is a member of the key management personnel of the Bank (or a parent of the Bank).

Financial assets

ii i

Bank menerapkan PSAK No. 50 (Revisi 2014), “Instrumen Keuangan: Penyajian”, PSAK No. 55 (Revisi 2014), “Instrumen Keuangan: Pengakuan dan Pengukuran” dan PSAK No. 60 (Revisi 2014), “Instrumen Keuangan: Pengungkapan”.

The Bank and the reporting Bank are members of the same group (which means that each parent, subsidiary and fellow is related to the others); One Bank is an associate or joint venture of the other Bank (or an associate or joint venture of a member of a group of which the other Bank is a member);

The nature of transactions and balances of accounts with related parties, are disclosed in the notes to the financial statements. d.

Aset keuangan (selain sukuk)

ACCOUNTING

Financial assets (other than sukuk) The Bank applied PSAK No. 50 (Revised 2014), “Financial Instruments: Presentation”, PSAK No. 55 (Revised 2014), “Financial Instruments: Recognition and Measurement” and PSAK No. 60 (Revised 2014), “Financial Instruments: Disclosures”.



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan d.

Aset keuangan - Lanjutan i

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued d.

Financial assets - Continued

ii i

Aset keuangan (selain sukuk) - Lanjutan

ACCOUNTING

Financial assets Continued

(other

than

sukuk)

-

Aset keuangan dalam ruang lingkup PSAK No. 55 (Revisi 2014) diklasifikasikan sebagai aset keuangan yang diukur pada nilai wajar melalui laba rugi, pinjaman yang diberikan dan piutang, investasi yang dimiliki hingga jatuh tempo dan aset keuangan tersedia untuk dijual. Aset keuangan pada awalnya diukur pada nilai wajar, dan dalam hal aset keuangan yang tidak diukur pada nilai wajar melalui laporan laba rugi, ditambah dengan biaya transaksi yang dapat diatribusikan secara langsung.

Financial assets within the scope of the PSAK No. 55 (Revised 2014) are classified as financial assets at fair value through profit or loss, loans and receivables, held-to-maturity investments and available-for-sale financial assets. Financial assets are recognized initially at fair value, in the case of financial assets not at fair value through profit or loss, plus transaction costs that are directly attributable.

Aset keuangan Bank diklasifikasikan sebagai berikut:  Diukur pada nilai wajar melalui laporan laba rugi  Dimiliki hingga jatuh tempo  Pinjaman yang diberikan dan piutang

The Bank’s financial assets are classified as follows:  Fair value through profit or loss

Diukur pada nilai wajar melalui laporan laba rugi

Fair value through profit or loss

Kelompok aset diukur pada nilai wajar melalui laporan laba rugi adalah aset keuangan dimiliki Bank untuk diperdagangkan yang diperoleh atau dimiliki terutama untuk tujuan dijual atau dibeli kembali dalam waktu dekat, atau dimiliki sebagai bagian dari portofolio instrumen keuangan tertentu yang dikelola untuk memperoleh laba jangka pendek atau position taking.

Classification of financial assets at fair value through profit or loss consists of financial assets held for trading which the Bank acquires or incurs principally for the purpose of selling or repurchasing in the near term, or holds as part of a portfolio that is managed for short-term profit or position taking.

Aset dalam kelompok ini diperdagangkan dicatat pada nilai wajar dalam laporan posisi keuangan dengan keuntungan atau kerugian diakui pada laporan laba rugi.

Assets classified under this category are held for trading and carried at fair value in the statement of financial position, with any gains or losses being recognized in the profit or loss.

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 Bank mempunyai intensi positif dan kemampuan untuk memiliki aset keuangan tersebut hingga jatuh tempo.

Financial assets are classified as held-tomaturity investment if only these investments have fixed or determined payments and their maturity date has been determined and the Bank has the positive intention and ability to hold such financial assets to maturity.

23

 Held-to-maturity  Loans and receivables





3.

SUMMARY OF SIGNIFICANT POLICIES - Continued d.


ii i


ACCOUNTING


(other

than

sukuk)

-

Dimiliki hingga jatuh tempo - Lanjutan

Held-to-maturity - Continued

Pada saat pengakuan awal, investasi dimiliki hingga jatuh tempo diukur pada nilai wajar ditambah dengan biaya transaksi 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.

Held-to-maturity investments are initially measured at fair value plus transaction costs 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

Pinjaman yang diberikan dan piutang adalah aset keuangan non-derivatif dengan pembayaran tetap atau telah ditentukan dan tidak mempunyai kuotasi di pasar aktif.

Loans and receivables are non-derivative financial assets with fixed or determinable payments and have not quoted in an active market.

Pada saat pengakuan awal, aset keuangan ini diakui pada nilai wajarnya ditambah biaya transaksi dan selanjutnya dinyatakan sebesar biaya perolehan yang diamortisasi dengan menggunakan metode suku bunga efektif. Pendapatan dari aset keuangan dalam kelompok ini disajikan sebagai pendapatan keuangan dalam laporan laba rugi dan penghasilan komprehensif lain.

At initial recognition, these financial assets are recognized at fair value plus transaction costs and subsequently carried at amortized cost using the effective interest rate method. Income from this financial assets classification is presented as finance income in the statements of profit or loss and other comprehensive income.

Dalam hal terjadi penurunan nilai, kerugian penurunan nilai dilaporkan sebagai pengurang dari nilai tercatat dari aset keuangan dalam kelompok pinjaman yang diberikan dan piutang dan diakui di dalam laporan laba rugi dan penghasilan komprehensif lain.

In the case of impairment, the impairment loss is reported as a deduction from the carrying value of financial assets classified as loans and receivables and recognized in the statements of profit or loss and other comprehensive income.

Metode suku bunga efektif

Effective interest rate 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.

The effective interest rate method is a method of calculating the amortized cost of a financial instrument and method of allocating interest income and interest expense over the relevant period.

24




3.




ii i


ACCOUNTING


(other

than

sukuk)

-

Metode suku bunga efektif - Lanjutan

Effective interest rate method - Continued

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 atau 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 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.

Perhitungan dari suku bunga efektif termasuk semua fee dan pembayaran atau penerimaan poin yang merupakan bagian integral dari suku bunga efektif. Biaya transaksi termasuk biaya incremental yang secara langsung berkaitan dengan akuisisi atau penerbitan aset atau liabilitas keuangan.

The calculation of the effective interest rate includes all fees and points payment or receipt that are integral parts of the effective interest rate. Transaction costs include incremental cost that are directly related to acquisition of the publication of financial assets or liabilities.

Klasifikasi

Classification

Bank mengklasifikasikan aset keuangan kedalam klasifikasi tertentu yang mencerminkan sifat dari informasi dan mempertimbangkan karakteristik dari aset keuangan tersebut. Klasifikasi ini dapat dilihat pada tabel berikut:

The Bank classifies the financial assets into classes that reflect the nature of information and takes into account the characteristics of those financial assets. The classification can be seen in the table below:

Kategori instrument keuangan/ Category of financial instrument Diukur pada nilai wajar melalui laba rugi untuk diperdagangkan/ Held for trading fair value through profit or loss

Aset keuangan/ Financial assets

Golongan (ditentukan oleh Bank)/ Class (as determined by the Bank)

Subgolongan/ Subclasses

Efek-efek/Securities

Pinjaman yang diberikan dan piutang/ Loans and receivables

Kas/Cash Giro pada Bank Indonesia/ Demand deposits with Bank Indonesia Giro pada bank lain/Demand deposits with other banks Penempatan pada Bank Indonesia dan bank lain/ Placements with Bank Indonesia and other banks Kredit yang diberikan/Loans Pendapatan bunga yang masih akan diterima/ Interest receivables Aset lain-lain/Other assets Setoran jaminan/ Security deposits

Dimiliki hingga jatuh tempo/ Held-to-maturity

Efek-efek/Securities

25





ii

3.



ii i


ACCOUNTING

Financial assets (other than sukuk) - Continued

Penghentian pengakuan aset keuangan

Derecognition of financial assets

Bank menghentikan pengakuan aset keuangan jika dan hanya jika hak kontraktual atas arus kas yang berasal dari aset berakhir, atau Bank mentransfer aset keuangan dan secara substansial mentransfer seluruh risiko dan manfaat atas kepemilikan aset kepada Bank lain.

The Bank derecognizes a financial asset if and only if the contractual rights to the cash flows from the asset expired, or the Bank transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another Bank.

Jika Bank tidak mentransfer serta tidak memiliki secara substansial atas seluruh risiko dan manfaat kepemilikan serta masih mengendalikan aset yang ditransfer, maka Bank mengakui keterlibatan berkelanjutan atas aset yang ditransfer dan liabilitas terkait sebesar jumlah yang mungkin harus dibayar. Jika Bank memiliki secara substansial seluruh risiko dan manfaat kepemilikan aset keuangan yang ditransfer, Bank masih mengakui aset keuangan dan juga mengakui pinjaman yang dijamin sebesar pinjaman yang diterima.

If the Bank neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Bank recognizes its retained interest in the asset and an associated liability for amounts it may have to pay. If the Bank retains substantially all the risks and rewards of ownership of a transferred financial asset, the Bank continues to recognize the financial asset and also recognize a collateralized borrowing for the proceeds received. ii

Investasi pada sukuk

Investment in sukuk

Bank menerapkan PSAK No. 110, Akuntansi Sukuk. PSAK ini mengatur mengenai pengakuan, pengukuran, penyajian dan pengungkapan transaksi sukuk ijarah dan sukuk mudharabah. Penerapan PSAK ini berlaku secara prospektif.

The Bank has applied PSAK No. 110, Accounting for Sukuk. The PSAK establishes the recognition, measurement, presentation and disclosures of sukuk ijarah and sukuk mudharabah transactions. Implementation of this PSAK prevailed prospectively.

Pengakuan dan Pengukuran

Recognition and Measurement

Sebelum pengakuan awal, Bank menentukan klasifikasi investasi pada sukuk berdasarkan tujuan investasi Bank.

Before the initial recognition, the Bank determines the classification of investment in sukuk based on the purpose of Bank’s investment.

Bank menentukan klasifikasi investasi pada sukuk sebagai biaya perolehan.

The Bank determines the classification of investment in sukuk as acquisition cost.

-

-

Biaya perolehan Apabila investasi tersebut dimiliki dalam suatu model usaha yang bertujuan utama untuk memperoleh arus kas kontraktual dan terdapat persyaratan kontraktual dalam menentukan tanggal tertentu pembayaran pokok dan/atau hasilnya.

26

Acquisition cost If the investment is held within a business Bank that aims to acquire assets of contractual cash and there is a contractual requirement to determine the specific date of principal payments and/or the result.




Aset keuangan - Lanjutan ii

3.


Financial assets - Continued ii

Investasi pada sukuk - Lanjutan

ACCOUNTING

Investment in sukuk – Continued

Pengakuan dan Pengukuran – Lanjutan

Recognition and Measurement – Continued

-

-

Biaya perolehan – Lanjutan

Acquisition cost – Continued

Pada saat pengukuran awal, investasi dicatat sebesar biaya perolehan yang sudah termasuk biaya transaksi. Setelah pengakuan awal, investasi sukuk ini diukur pada nilai perolehan yang diamortisasi.

At the initial measurement, the investment is recorded at acquisition cost which already includes the transaction cost. After the initial recognition, the sukuk investment is measured on amortized cost.

Selisih antara biaya perolehan dan nilai nominal diamortisasi secara garis lurus selama jangka waktu instrumen sukuk.

The difference between acquisition cost and nominal value is amortized using straight-line method during the period of the sukuk instrument.

Jika terdapat indikasi penurunan nilai, maka Bank mengukur jumlah terpulihkannya. Jika jumlah terpulihkan lebih kecil daripada jumlah tercatat, maka Bank mengakui rugi penurunan nilai. Jumlah terpulihkan merupakan jumlah yang akan diperoleh dari pengembalian pokok tanpa memperhitungkan nilai kininya.

If there is an indication of impairment, then the Bank will measure the recoverable amount. If the recoverable amount is less than recorded amount, then the Bank will recognize the impairment losses. Recoverable amount represents the amount which will be obtained from the principal repayment regardless of its present value.

Penyajian

Presentation

Pendapatan investasi dan beban amortisasi disajikan secara neto dalam laporan laba rugi dan penghasilan komprehensif lain.

Investment income and amortization expense are presented in net amount in the statements of profit or loss and other comprehensive income.

Reklasifikasi

Reclassification

Bank tidak dapat mengubah klasifikasi investasi, kecuali perubahan tujuan model usaha. Model usaha yang bertujuan untuk memperoleh arus kas kontraktual didasarkan pada tujuan investasi yang ditentukan oleh Bank.

The Bank can not change investment classification, unless changes in the business model’s purpose. Business model that intended to gain contractual cash flows is based on the Bank investment purposes.

Arus kas kontraktual yang dimaksud adalah arus kas bagi hasil dan pokok dari sukuk atau arus kas mudharabah imbalan (consideration/ujrah) dari sukuk ijarah. Setelah pengakuan awal, jika arus kas aktual berbeda dengan tujuan investasi yang telah ditetapkan, maka Bank menelaah kembali konsistensi tujuan investasinya.

The underlying contractual cash flows are cash flow from revenue sharing and principal of sukuk mudharabah or benefit cash flow (consideration/ujrah) from sukuk ijarah. After initial recognition, if the actual cash flows differ from the Bank investment purposes, then the Bank reconsiders the consequences of the investment purposes.

27



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan e.

3.

Liabilitas keuangan

SUMMARY OF SIGNIFICANT POLICIES - Continued e.

ACCOUNTING

Financial liabilities

Klasifikasi sebagai liabilitas atau ekuitas

Classification as debt or equity

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

Financial liabilities and equity instruments issued by the Bank are classified according to the substance of the contractual arrangement and the definitions of a financial liabilities and an equity instrument.

Instrumen ekuitas

Equity instruments

Instrumen ekuitas adalah setiap kontrak yang memberikan hak residual atas aset Bank setelah dikurangi dengan seluruh liabilitasnya. Instrumen ekuitas yang diterbitkan oleh Bank 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 Bank after deducting all of its liabilities. Equity instruments issued by the Bank are recorded at the proceeds received, net of direct issue costs.

Liabilitas keuangan


Bank mengklasifikasikan liabilitas keuangannya sebagai liabilitas keuangan yang diukur pada biaya perolehan yang diamortisasi.

The Bank classifies its financial liabilities as financial liabilities measured at amortized cost.

Liabilitas keuangan yang tidak diklasifikasikan sebagai liabilitas keuangan yang diukur pada nilai wajar melalui laba rugi dikategorikan dan diukur dengan biaya perolehan diamortisasi.

Financial liabilities that are not classified as financial liabilies measured at fair value through profit or loss are categorized into measured at amortized cost.

Setelah pengakuan awal, Bank mengukur seluruh liabilitas keuangan yang diukur dengan biaya perolehan diamortisasi dengan menggunakan metode suku bunga efektif.

After initial recognition, the Bank measures all financial liabilities at amortized cost using effective interest rate method.

Klasifikasi

Classification

Bank mengklasifikasikan liabilitas keuangan kedalam klasifikasi tertentu yang mencerminkan sifat dari informasi dan mempertimbangkan karakteristik dari liabilitas keuangan tersebut. Klasifikasi ini dapat dilihat pada tabel berikut:

The Bank classifies the financial liabilities into classes that reflect the nature of information and takes into account the characteristics of those financial liabilities. The classification can be seen in the table below:

Kategori instrument keuangan/ Category of financial instrument Liabilitas keuangan yang diukur dengan biaya Liabilitas keuangan/ perolehan diamortisasi/ Financial liabilities Financial liabilities at amortized cost

Golongan (ditentukan oleh Bank)/ Subgolongan/ Class (as determined by the Bank) Subclasses Liabilitas segera/Obligations due immediately Simpanan nasabah/Deposits from customers Simpanan dari bank lain/Deposits from other banks Bunga yang masih harus dibayar/Accrued interests Liabilitas lain-lain/Other liabilities Safe deposits box

Penghentian pengakuan liabilitas keuangan

Derecognition of financial liabilities

Bank menghentikan pengakuan liabilitas keuangan, jika dan hanya jika, liabilitas Bank telah dilepaskan, dibatalkan atau kadaluarsa.

The Bank derecognizes financial liabilities, if and only if, the Bank’s liabilities are discharged, cancelled or they expired.

28



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan f.

Reklasifikasi aset keuangan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued f.

ACCOUNTING

Reclassifications of financial assets

Bank tidak diperkenankan untuk melakukan reklasifikasi instrumen keuangan dari atau ke kategori instrumen keuangan yang diukur pada nilai wajar melalui laba rugi selama instrumen keuangan tersebut dimiliki atau diterbitkan.

Bank shall not classify any financial instrument out of or into the fair value through profit or loss category while it is held or issued.

Aset keuangan yang diukur pada nilai wajar melalui laba rugi dapat diklasifikasikan ke pinjaman yang diberikan dan piutang jika memenuhi ketentuan sebagai kredit yang diberikan dan piutang dan terdapat intensi dan kemampuan untuk dimiliki di masa yang akan datang yang dapat diperkirakan atau sampai jatuh tempo.

Financial assets at fair value through profit or loss could be reclassified as loans and receivables if it could fulfill the requirements as loans and receivables and there’s intention and capability to hold until the predictable date in the future or maturity date.

Bank tidak boleh mengklasifikasikan aset keuangan sebagai investasi dimiliki hingga jatuh tempo, jika dalam tahun berjalan atau dalam kurun waktu dua tahun sebelumnya, telah menjual atau mereklasifikasi investasi dimiliki hingga jatuh tempo dalam jumlah yang lebih dari jumlah yang tidak signifikan sebelum jatuh tempo (lebih dari jumlah yang tidak signifikan dibandingkan dengan jumlah nilai investasi dimiliki hingga jatuh tempo), kecuali penjualan atau reklasifikasi tersebut: (i) dilakukan ketika aset keuangan sudah mendekati jatuh tempo atau tanggal pembelian kembali dimana perubahan suku bunga tidak akan berpengaruh secara signifikan terhadap nilai wajar aset keuangan tersebut; (ii) terjadi setelah Bank telah memperoleh secara substansial seluruh jumlah pokok aset keuangan tersebut sesuai jadwal pembayaran atau Bank telah memperoleh pelunasan dipercepat; atau (iii) terkait dengan kejadian tertentu yang berada di luar kendali Bank, tidak berulang, dan tidak dapat diantisipasi secara wajar oleh Bank.

Bank shall not classify any financial assets as heldto-maturity, if during the current financial year or during the two preceding financial years, sold or reclassified more than an insignificant amount of held-to-maturity investments before maturity (more than insignificant in relation to the total amount of held-to-maturity investments) other than sales or reclassifications that:

Reklasifikasi aset keuangan dari kelompok dimiliki hingga jatuh tempo ke kelompok tersedia untuk dijual dicatat sebesar nilai wajarnya. Keuntungan atau kerugian yang belum direalisasi tetap dilaporkan dalam komponen ekuitas sampai aset keuangan tersebut dihentikan pengakuannya, dan pada saat itu, keuntungan atau kerugian kumulatif yang sebelumnya diakui dalam ekuitas harus diakui sebagai laba rugi.

Reclassification of financial assets from held-tomaturity classification to available-for-sale is recorded at fair value. The unrealized gains or losses are recorded in the equity section and shall be recognized directly in equity section until the financial assets is derecognized, at which time, the cumulative gains or losses previously recognized in equity shall be recognized as profit or loss.

Reklasifikasi aset keuangan dari kelompok tersedia untuk dijual ke kelompok dimiliki hingga jatuh tempo dicatat pada nilai tercatat. Keuntungan atau kerugian yang belum direalisasi harus di amortisasi menggunakan suku bunga efektif sampai dengan tanggal jatuh tempo instrumen tersebut.

Reclassification of financial assets from availablefor-sale to held-to-maturity classification is recorded at carrying amount. The unrealized gains or losses are amortized by using effective interest rate up to the maturity date of that instrument.

29

(i)

are so close to maturity or the financial asset’s call date that changes in the market rate of interest would not have a significant effect on the financial asset’s fair value;

(ii)

are occured after Bank has collected substantially all of the financial asset’s original principal through scheduled payments or prepayments; or

(iii) are attributable to a certain event that is beyond the Bank’s control, is non-recurring and could not have been reasonably anticipated by Bank.



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan g.

h.

Saling hapus instrumen keuangan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued g.

Financial assets and liabilities are offsetting and the net amount reported in the financial statement if, and only if, the Bank:  has a legally enforceable right to offset the recognized amount; and

Pendapatan dan beban disajikan dalam jumlah bersih hanya jika diperkenankan oleh standar akuntansi

Income and expenses are presented on a net basis only when permitted by the accounting standards.

Giro pada Bank Indonesia dan bank lain



h.

Penempatan pada Bank Indonesia dan bank lain

Efek-efek yang dibeli/dijual dijual/dibeli kembali.

dengan

janji

has an intention to settle on a net basis or to realize the asset and to settle the liability simultaneously.

Demand Deposits with Bank Indonesia and other banks Demand deposits with Bank Indonesia are stated at amortized costs using effective interest rate. Demand deposits with other banks are stated at amortized costs using effective interest rate method net of allowance for impairment losses (Note 3d).

i.

Penempatan pada Bank Indonesia disajikan sebesar biaya perolehan yang diamortisasi menggunakan suku bunga efektif. Penempatan pada bank lain disajikan sebesar biaya perolehan yang diamortisasi menggunakan metode suku bunga efektif dikurangi cadangan kerugian penurunan nilai (Catatan 3d). j.

Off setting financial instrument

Aset keuangan dan liabilitas keuangan saling hapus dan nilai bersihnya disajikan dalam laporan keuangan jika, dan hanya jika, Bank:  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.

Giro pada Bank Indonesia disajikan sebesar biaya perolehan yang diamortisasi menggunakan suku bunga efektif. Giro pada bank lain disajikan sebesar biaya perolehan yang diamortisasi menggunakan metode suku bunga efektif setelah dikurangi cadangan kerugian penurunan nilai (Catatan 3d). i.

ACCOUNTING

Placements with Bank Indonesia and other banks Placements with Bank Indonesia are stated at amortized costs using effective interest rate. Placements with other banks are stated at amortized costs using effective interest rate method net of allowance for impairment losses (Note 3d).

j.

Securities purchase/sold under agreements to resell/repurchase

Efek-efek yang dibeli dengan janji untuk dijual kembali diklasifikasikan sebagai pinjaman yang diberikan dan piutang.

Securities purchased under agreements to resell are classified as loans and receivables.

Efek-efek yang dibeli dengan janji untuk dijual kembali disajikan sebagai aset dalam laporan posisi keuangan sebesar jumlah penjualan kembali dikurangi dengan pendapatan bunga yang belum diamortisasi dan cadangan kerugian penurunan nilai. Selisih antara harga beli dan harga jual kembali diperlakukan sebagai pendapatan bunga yang ditangguhkan, dan diakui sebagai pendapatan selama periode sejak efek-efek tersebut dibeli hingga dijual menggunakan suku bunga efektif.

Securities purchased under agreements to resell are presented as assets in the statement of financial position, at the resale price net of unamortized interest income and allowance for impairment losses. The difference between the purchase price and the resale price is treated as unearned interest income, and recognized as income over the period starting from when those securities are purchased until they are sold using effective interest rate method.

30



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan k.

l.

Efek-efek

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued k.

ACCOUNTING

Securities

Efek-efek pada saat pengakuan awal diukur sebesar nilai wajar ditambah dengan biaya transaksi yang dapat diatribusikan secara langsung dengan perolehan efek-efek, dan selanjutnya pengukuran dilakukan berdasarkan klasifikasi efek-efek ke dalam kelompok aset keuangan tertentu dikurangi dengan cadangan kerugian penurunan nilai (Catatan 3d).

At initial recognition, securities are measured at fair value plus transaction costs which are directly attributable to the acquisition of securities and subsequent measurement is conducted based on classification of securities into groups of certain financial assets net of allowance for impairment losses (Note 3d).

Efek-efek yang dibeli dengan janji dijual kembali disajikan sebagai aset sebesar harga jual kembali efek-efek yang disepakati dikurangi selisih antara harga beli dan harga jual kembali yang disepakati. Selisih antara harga beli dan harga jual kembali yang disepakati tersebut diamortisasi dengan metode suku bunga efektif sebagai pendapatan bunga selama jangka waktu sejak efek-efek tersebut dibeli hingga dijual kembali.

Securities purchased under resale agreements are presented as asset and stated at the agreed resale price less the difference between the purchase price and the agreed resale price. The difference between the purchase price and the agreed resale price is amortized using the effective interest rate method as interest income over the period commencing from the acquisition date to the resale date.

Kredit yang diberikan

l.

Loans

Kredit yang diberikan adalah kredit yang diberikan berdasarkan perjanjian dengan debitur, yang mewajibkan debitur untuk melunasi utang berikut bunganya setelah jangka waktu tertentu.

Loans are granted based on agreements with borrowers, where borrowers are required to repay their debts with interest after specified periods.

Kredit diakui sebesar biaya perolehan yang diamortisasi dengan menggunakan metode suku bunga efektif dikurangi dengan cadangan kerugian penurunan nilai (Catatan 3d).

Loans are recognized at amortized costs using effective interest rate method net of allowance for impairment losses (Note 3d).

Restrukturisasi kredit meliputi adanya pemberian grace period, perpanjangan jangka waktu pembayaran dan ketentuan kredit yang baru.

Loans restructuring may involve grace period granted, extending the payment arrangements and the agreement of new loan conditions.

Untuk kredit yang direstrukturisasi, kerugian yang timbul dari restrukturisasi kredit yang berkaitan dengan modifikasi persyaratan kredit diakui bila nilai sekarang dari jumlah penerimaan kas yang akan datang yang telah ditentukan dalam persyaratan kredit yang baru, termasuk penerimaan yang diperuntukkan sebagai bunga maupun pokok, adalah lebih kecil dari nilai kredit yang diberikan yang tercatat sebelum restrukturisasi.

For restructured loans, losses which occur from loan restructuring relating to the modification of terms are recognized if the present value of total amount of future cash receipts specified in terms of new loans, including receipts designated as interest or principal, is less than the value of loans recorded prior to restructuring.

Agunan digunakan untuk memitigasi risiko kredit dan kebijakan mitigasi risiko menentukan jenis agunan yang dapat diterima oleh Bank. Umumnya jenis agunan yang diterima Bank untuk memitigasi risiko kredit diantaranya adalah deposito berjangka, tanah dan bangunan, kendaraan bermotor, piutang, mesin dan persediaan barang.

Collateral is held to mitigate credit risk and risk mitigation policies determine the eligibility of collateral types. Generally, the Bank uses time deposits, land and buildings, vehicles, account receivables, machines and inventories to mitigate the credit risk.

Umumnya agunan yang diperlukan dalam setiap pemberian kredit sebagai sumber terakhir pelunasan kredit (secondary source of credit repayment) dan sebagai salah satu bentuk mitigasi risiko kredit. Sumber utama pelunasan kredit adalah dari hasil usaha debitur.

Generally, collateral is required in each credits extended as secondary sources of credit repayment and also as a form of credit risk mitigation. The primary source of credit repayment is the funds generated from business operations of the borrowers.

31



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan l.

Kredit yang diberikan – Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued l.

ACCOUNTING

Loans – Continued

Kredit dihapuskan jika tidak ada peluang yang realistis untuk pengembalian masa datang dan semua agunan telah terealisasi atau sudah diambil alih oleh Bank.

Loans are written-off when there is no realistic prospect of future recovery and all collateral has been realized or has been transferred to the Bank.

Kriteria penghapusbukuan kredit kepada debitur adalah sebagai berikut:

The criteria for loan write-off to debtors are as follows:

a. Kredit yang memiliki kualitas macet; b. Fasilitas kredit telah dibentuk cadangan kerugian penurunan nilai aset sebesar 100% dari pokok kredit; c. Hapus buku dilakukan terhadap seluruh liabilitas kreditnya, sehingga penghapusbukuan tidak boleh dilakukan pada sebagian kreditnya (partial write-off); d. Telah dilakukan berbagai upaya penagihan dan pemulihan, namun tidak berhasil; e. Usaha debitur sudah tidak mempunyai prospek atau kinerja debitur buruk atau tidak ada kemampuan membayar.

a. “Loss” loan category; b. Loan facility has been provided with 100% provision from the loan principal;

m. Penurunan nilai aset keuangan dan nonkeuangan

c. The write-off are performed for all loan obligations, the loan obligations shall not be written-off partially; d. Collection and recovery efforts have been performed, but the results are unsuccessful; e. The debtors’ business has no prospect or performance is bad or they do not have the ability to repay the loan. m.

Impairment of financial and non-financial assets

Penurunan nilai aset keuangan

Impairment of financial assets

Aset keuangan, selain aset keuangan FVTPL, dievaluasi terhadap indikator penurunan nilai pada setiap tanggal laporan posisi keuangan.

Financial assets, other than FVTPL financial assets, are assessed for indicators of impairment at each balance sheet date.

Aset keuangan diturunkan nilainya bila terdapat bukti obyektif, 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 are impaired where there is objective evidence, as a result of one or more events that occurred after the initial recognition of the financial asset, and the events that occurred losses have impacted the estimated future cash flows of the financial assets that can be relaibly estimated.

Bukti obyektif penurunan nilai termasuk sebagai berikut:  kesulitan keuangan signifikan yang dialami penerbit atau pihak peminjam; atau  pelanggaran kontrak, seperti terjadinya wanprestasi atau tunggakan pembayaran pokok atau bunga; atau  terdapat kemungkinan bahwa pihak peminjam akan dinyatakan pailit atau melakukan reorganisasi keuangan; atau  penurunan yang signifikan atau jangka panjang pada nilai wajar dari investasi ekuitas di bawah biaya perolehannya

The objective evidence of impairment could include:  significant financial difficulty of the issuer or counterparty; or  breach of contract, such as a default or delinquency in interest or principal payments; or  it becomes probable that the borrower will enter bankruptcy or financial reorganization; or  significant or prolonged decline in the fair value of the security below its cost.

Estimasi periode antara terjadinya peristiwa kerugian dan identifikasinya ditentukan oleh manajemen untuk setiap portofolio yang diidentifikasi.

The estimated period between an occurring loss and its identification is determined by management for each identified portfolio.

32



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan m. Penurunan nilai aset keuangan dan nonkeuangan - Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued m.

ACCOUNTING

Impairment of financial and non-financial assets - Continued

Penurunan nilai aset keuangan - Lanjutan

Impairment of financial assets - Continued

Pertama kali Bank menentukan apakah terdapat bukti obyektif mengenai penurunan nilai atas aset keuangan yang signifikan secara individual. Penilaian individual dilakukan atas aset keuangan yang signifikan yang mengalami penurunan nilai. Aset keuangan yang tidak signifikan namun mengalami penurunan nilai dimasukkan dalam kelompok aset keuangan yang memiliki karakteristik risiko yang serupa dan dilakukan penilaian secara kolektif.

Initially the Bank assesses whether there is any objective evidence of impairment for financial asset whose balance is individually significant. The individual assessment is performed on the significant impaired financial asset. The insignificant impaired financial asset is included in group of financial asset with similar credit risk characteristics and collectively assessed.

Jika Bank menentukan tidak terdapat bukti obyektif mengenai penurunan nilai atas aset keuangan yang dinilai secara individual, baik untuk aset keuangan tersebut signifikan atau tidak, maka akun atas aset keuangan tersebut akan masuk ke dalam kelompok aset keuangan yang memiliki karakteristik risiko kredit yang serupa dan menilai penurunan nilai kelompok tersebut secara kolektif. Akun yang penurunan nilainya telah dinilai secara individual, dan penurunan nilainya diakui atau tetap diakui, tidak termasuk dalam penilaian penurunan nilai secara kolektif.

If the Bank determines that there is no objective evidence of impairment for financial asset as individual, both for significant and insignificant amount, hence the account of financial asset will be included in a group of financial asset with similar credit risk characteristics and collectively assesses them for impairment. Accounts that are individually assessed for impairment and for which an impairment loss is or continues to be recognized, are not included in a collective assessment of impairment.

Kerugian penurunan nilai dihitung secara individual untuk aset keuangan yang signifikan secara individual, Bank melakukan penilaian secara individual untuk kredit yang diberikan diatas Rp 3.000.000.000 untuk tahun 2016 dan 2015 serta kolektif untuk aset yang secara individual tidak signifikan atau secara individual signifikan namun tidak terdapat bukti obyektif penurunan nilai.

Impairment loss is calculated individually for financial assets that are individually significant, the Bank performs individual assessment for loans with amount above Rp 3,000,000,000 for the year 2016 and 2015 and collectively for assets that are individually not significant, or individually significant but there is no objective evidence of impairment.

Untuk tujuan evaluasi penurunan nilai secara individual, jumlah kerugian penurunan nilai diukur berdasarkan 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 tersebut. Nilai tercatat aset tersebut dikurangi menggunakan cadangan kerugian penurunan nilai dan jumlah kerugian penurunan nilai diakui pada laporan laba rugi dan penghasilan komprehensif lain.

For the purposes of an evaluation of individual impairment, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows that is discounted at the financial asset’s original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account and the amount of the loss is recognized in the statements of profit or loss and other comprehensive income.

Jika kredit yang diberikan memiliki suku bunga variabel, maka tingkat diskonto yang digunakan untuk mengukur setiap kerugian penurunan nilai adalah suku bunga efektif yang berlaku yang ditetapkan dalam kontrak.

If a loan has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

33




3.


ACCOUNTING


Penurunan nilai aset keuangan - Lanjutan

Impairment of financial assets - Continued

Perhitungan nilai kini dari estimasi arus kas masa datang atas aset keuangan dengan agunan mencerminkan arus kas yang dapat dihasilkan dari pengambilalihan agunan dikurangi biaya-biaya untuk memperoleh dan menjual agunan, terlepas apakah pengambilalihan tersebut berpeluang terjadi atau tidak.

The calculation of the present value of the estimated future cash flows of a collateralized financial asset reflects the cash flows that may result from foreclosure less costs for obtaining and selling the collateral, whether the foreclosure is probable or not.

Bank menerapkan statistical model analysis method, dengan menggunakan data historis kerugian kredit minimal 3 tahun dan mempertimbangkan hal-hal berikut ini dalam menentukan penyisihan kerugian penurunan nilai kredit secara kolektif:

The Bank applies statistical model analysis method, using historical loan loss data minimum 3 years and taking into account the following in determining the allowance for collective impairment loan loss:

   

Data historis probability of default, Waktu pemulihan, Jumlah kerugian yang terjadi (loss given default), dan Pertimbangan pengalaman manajemen mengenai apakah kondisi ekonomi dan kredit saat ini mungkin menyebabkan kerugian aktual lebih besar atau lebih kecil daripada jumlah yang didasarkan pada pengalaman historis.

     

Historical data of the probability of default, Recovery period, The amount of loss incurred (loss given default), and Management’s experienced judgment as to whether the current economic and credit conditions are such that the actual level of incurred losses is likely to be greater or less than that suggested by historical experience.

Jika pada periode berikutnya, jumlah kerugian penurunan nilai berkurang dan pengurangan tersebut dapat dikaitkan secara obyektif pada peristiwa yang terjadi setelah penurunan nilai yang sebelumnya diakui (seperti meningkatnya peringkat kredit debitur) kerugian penurunan nilai yang sebelumnya telah diakui harus dipulihkan, baik secara langsung maupun dengan menyesuaikan akun cadangan. Jumlah pemulihan penurunan nilai diakui pada laporan laba rugi dan penghasilan komprehensif lain.

If in a subsequent period, the amount of the impairment loss is decreased and the decrease can be related objectively to an occurred event after the impairment was recognized (such as an improvement in the debtor’s credit rating), the previously recognized impairment loss is reversed directly or by adjusting the allowance account. The reversal amount of the impairment is recognized in the statements of profit or loss and other comprehensive income.

Saldo aset produktif dihapusbukukan pada saat manajemen Bank berpendapat bahwa aset produktif tersebut tidak dapat tertagih. Ketika pinjaman yang diberikan tidak tertagih, kredit tersebut dihapusbukukan dengan menjurnal balik cadangan kerugian penurunan nilai. Pinjaman yang diberikan tersebut dapat dihapusbukukan setelah semua prosedur yang diperlukan telah dilakukan dan jumlah kerugian telah ditentukan.

The outstanding balances of earning assets are written-off against the respective allowance for impairment losses when the Bank’s management believes that the earning assets are uncollectible. When a loan is uncollectible, it is written-off against the related allowance for impairment loss. Such loans are written-off after all the necessary procedures have been completed and the amount of the loss has been determined.

Penerimaan kemudian atas pinjaman yang diberikan yang telah dihapusbukukan, pada periode berjalan dikreditkan dengan menyesuaikan pada akun cadangan kerugian penurunan nilai.

Recoveries from loans previously written-off in the current period are credited to the allowance for impairment losses.

34




n.

3.


ACCOUNTING


Penurunan nilai aset non-keuangan

Impairment of non-financial assets

Nilai tercatat dari aset yang bukan aset keuangan Bank, kecuali aset pajak tangguhan, ditelaah setiap tanggal pelaporan untuk menentukan apakah terdapat indikasi penurunan nilai. Jika indikasi tersebut ada, maka nilai yang dapat dipulihkan dari aset tersebut akan diestimasi.

The carrying amounts of the Bank’s non- financial assets, other than deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists then the asset’s recoverable amount is estimated.

Nilai yang dapat diperoleh kembali dari suatu aset atau unit penghasil kas adalah sebesar jumlah yang lebih tinggi antara nilai pakainya dan nilai wajar aset atau unit penghasil kas dikurangi biaya untuk menjual. Dalam menilai nilai pakai, estimasi arus kas masa depan didiskontokan ke nilai sekarang dengan menggunakan tingkat diskonto sebelum pajak yang mencerminkan penilaian pasar saat ini terhadap nilai kas kini dan risiko spesifik terhadap aset tersebut.

The recoverable amount of an asset or cash generating unit is the greater of its value in use and it fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using pre- tax discount rate that reflects current market assessments of the time value of money and the specific risks to the asset.

Cadangan penurunan nilai diakui pada tahun sebelumnya dinilai pada setiap tanggal pelaporan untuk melihat adanya indikasi bahwa kerugian telah menurun atau tidak ada lagi. Kerugian penurunan nilai dijurnal balik jika terdapat perubahan estimasi yang digunakan dalam menentukan nilai yang dapat dipulihkan.

Impairment losses reserve recognized in prior year are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates use to determine the recoverable amount.

Cadangan kerugian penurunan nilai dijurnal balik hanya hingga nilai tercatat aset tidak melebihi nilai tercatat yang telah ditentukan, dikurangi dengan depresiasi atau amortisasi, jika cadangan penurunan nilai tidak pernah diakui.

An impairment losses reserve is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determine, net of depreciation or amortization, if no impairment loss had been recognized.

Bank menentukan cadangan kerugian penurunan nilai atas komitmen dan kontinjensi yang memiliki risiko kredit berdasarkan selisih antara nilai amortisasi (nilai tercatat) dan present value atas pembayaran liabilitas yang diharapkan akan terjadi (ketika pembayaran atas jaminan tersebut menjadi probable).

The Bank determines allowance for impairment losses on commitments and contingencies with credit risk by the difference between the amortized amount (carrying amount) and the present value of any expected payment (when a payment under the guarantee has become probable).

Bank menentukan cadangan kerugian penurunan nilai atas agunan yang diambil alih berdasarkan pada nilai yang lebih rendah antara nilai tercatat dan nilai bersih yang dapat direalisasi (net realizable value).

The Bank determines allowance for impairment losses on foreclosed assets by the lower of the carrying amount and their net realizable value.

Aset tetap

n.

Fixed assets

Aset tetap yang dimiliki oleh Bank digunakan seluruhnya untuk operasional Bank.

Fixed assets owned by the Bank are solely used for the Bank’s operations.

Biaya perolehan awal aset tetap meliputi harga perolehan, termasuk bea impor dan pajak pembelian yang tidak boleh dikreditkan dan biayabiaya yang dapat diatribusikan secara langsung untuk membawa aset ke lokasi dan kondisi yang diinginkan sesuai dengan tujuan penggunaan yang ditetapkan.

The initial cost of fixed assets consists of its purchase price, including non-refundable import duties and taxes and any directly attributable costs in bringing the premises and equipment to its working condition and location for its intended use.

35



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan n.

Aset tetap - Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued n.

ACCOUNTING

Fixed assets - Continued

Bank melakukan perubahan kebijakan akuntansi atas tanah dan bangunan dari modal biaya menjadi model revaluasi, masing- masing sejak Desember 2014 dan Desember 2015.

The Bank changed their accounting policies of land and buildings from cost model to revaluation model, since December 2014 and December 2015, respectively

Tanah dan bangunan disajikan sebesar nilai wajar, dikurangi akumulasi penyusutan untuk bangunan. Akumulasi penyusutan pada tanggal revaluasi dieliminasi terhadap nilai tercatat bruto aset, dan nilai netonya disajikan kembali sebesar nilai revaluasian.

Land and buildings are stated at fair value, less subsequent depreciation for buildings. Accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset, and the net amount is restated to the revalued amount.

Revaluasi dilakukan dengan keteraturan yang memadai yaitu setiap lima tahun sekali untuk memastikan bahwa nilai wajar dari aset yang dinilai kembali tidak berbeda material dari nilai tercatatnya.

Revaluation is conducted with sufficient regularity every five years to ensure that their fair value of a revaluated assets do not differ materially from its carrying amount.

Kenaikan yang berasal dari revaluasi tanah dan bangunan diakui pada penghasilan komprehensif lain dan terakumulasi dalam ekuitas pada bagian surplus revaluasian, kecuali sebelumnya penurunan revaluasi atas aset yang sama pernah diakui dalam laporan laba rugi dan penghasilan komprehensif lain, dalam hal ini kenaikan revaluasi hingga sebesar penurunan nilai aset akibat revaluasi tersebut, dikreditkan dalam laporan laba rugi dan penghasilan komprehensif lain. Penurunan jumlah tercatat yang berasal dari revaluasi tanah dan bangunan dibebankan dalam laporan laba rugi dan penghasilan komprehensif lain apabila penurunan tersebut melebihi saldo surplus revaluasi aset yang bersangkutan, jika ada.

Any revaluation increase arising on the revaluation of land and buildings are recognized in other comprehensive income and accumulated in equity under the heading of revaluation surplus, except to the extent that it reverses a revaluation decrease, for the same assets which was previously recognized in statements of profit or loss and other comprehensive income, in which case the increase is credited to statements of profit or loss and other comprehensive income to the extent of the decrease previously charged. A decrease in carrying amount arising on the revaluation of land and buildings are charged to statements of profit or loss and other comprehensive income to the extent that it exceeds the balance, if any, held in fixed asset revaluation reserve relating to a previous revaluation of land and buldings.

Surplus revaluasi tanah dan bangunan yang telah disajikan dalam ekuitas dipindahkan langsung ke saldo laba pada saat aset tersebut dihentikan pengakuannya.

The revaluation surplus of land and buildings are directly transferred to retained earnings when the asset is derecognized.

Aset tetap, kecuali tanah dan bangunan, dinyatakan sebesar biaya perolehan dikurangi akumulasi penyusutan dan rugi penurunan nilai. Biaya perolehan termasuk biaya penggantian bagian aset tetap saat biaya tersebut terjadi, jika memenuhi kriteria pengakuan. Biaya perolehan aset tetap diakui sebagai aset jika dan hanya jika besar kemungkinan manfaat ekonomis dimasa depan berkenaan dengan aset tersebut mengalir ke Bank dan biaya perolehan aset dapat diukur secara andal.

Fixed assets, except land and buildings, are stated at cost less accumulated depreciation and impairment losses. If the recognition criteria are met, the acquisition cost will include the cost of replacing part of the fixed assets when that cost is incurred. Acquisition costs of fixed assets is recognized as asset if, and only if it is probable that future economic benefits associated with the item will flow to the Bank and the cost of the item can be measured reliably.

36





3.


ACCOUNTING

Fixed assets - Continued

Beban pemeliharaan dan perbaikan dibebankan pada laporan laba rugi dan penghasilan komprehensif lain pada saat terjadinya. Biayabiaya lain yang terjadi selanjutnya yang timbul untuk menambah, mengganti atau memperbaiki aset dicatat sebagai biaya perolehan aset jika dan hanya jika besar kemungkinan manfaat ekonomis dimasa depan berkenaan dengan aset tersebut mengalir ke Bank dan biaya perolehan aset dapat diukur secara andal.

The cost of maintenance and repairs are charged to statements of profit or loss and other comprehensive income as incurred. Other costs incurred subsequently to add to, replace part of or service an item of asset is recorded as acquisition of asset if, and only if it is probable that future economic benefits associated with the item will flow to the Bank and the cost of the item can be measured reliably.

Aset tetap, kecuali tanah, disusutkan dengan menggunakan metode garis lurus (straight- line method) untuk seluruh aset tetap selama umur manfaat aset tetap yang diestimasi sebagai berikut:

Depreciation of fixed assets, except for land, is computed using the straight-line method for fixed assets over the estimated useful life of the assets, as follows:

Masa manfaat tahun/ The estimated useful life year

% per tahun/ % per year

Bangunan Kendaraan

5 - 20 5

20 - 5 20

Inventaris dan peralatan kantor Instalasi dan renovasi

1 - 10 1 - 10

100 - 10 100 - 10

Buildings Vehicles Inventories and office equipments Installations and renovation

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

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

Untuk semua aset tetap, Bank menetapkan nilai residu “nihil” untuk perhitungan penyusutan.

For all fixed assets, the Bank has determined residual values to be “nil” for the calculation of depreciation.

Sebelum Desember 2014, tanah dicatat menggunakan metode biaya dan dinyatakan sebesar harga perolehan dan tidak diamortisasi karena manajemen berpendapat bahwa besar kemungkinan hak atas tanah tersebut dapat diperbaharui/diperpanjang pada saat jatuh tempo.

Before December 2014, land is recorded by using cost method and stated at cost and not amortized as the management has the opinion that it is probable the titles of land rights can be renewed/extended upon expiration.

Sebelum Desember 2015, bangunan dicatat menggunakan metode biaya dan dinyatakan sebesar harga perolehan dikurangi dengan akumulasi penyusutan.

Before Desember 2015, buildings are recorded by using cost method and stated at cost net of accumulated depreciation.

Bank menerapkan ISAK 25, “Hak atas Tanah”. ISAK 25 menetapkan bahwa biaya pengurusan legal hak atas tanah dalam bentuk Hak Guna Bangunan (HGB) yang dikeluarkan ketika tanah diperoleh pertama kali diakui sebagai bagian dari biaya perolehan tanah pada akun “Aset Tetap” dan tidak diamortisasi.

The Bank adopted IFAS 25, “Land Rights”. IFAS 25 prescribes that the legal cost of land rights in the form of Building Usage Rights (HGB) incurred when the land was acquired initially are recognized as part of the cost of the land under “Fixed Assets” account and not amortized.

Biaya pengurusan perpanjangan atau pembaruan legal hak atas tanah diakui sebagai aset takberwujud dan diamortisasi sepanjang umur hukum hak atau umur ekonomis tanah, mana yang lebih pendek.

The legal cost incurred to extend or renew the land rights are recorded as intangible assets and amortized over the shorter of the rights’ legal life or land’s economic life.

37





3.


Jumlah tercatat aset tetap dihentikan pengakuannya pada saat dilepaskan atau saat tidak ada manfaat ekonomis masa depan yang diharapkan dari penggunaan atau pelepasannya. Laba atau rugi yang timbul dari penghentian pengakuan aset (dihitung sebagai perbedaan antara jumlah neto hasil pelepasan dan nilai tercatat dari aset) dimasukkan dalam laporan laba rugi dan penghasilan komprehensif lain pada tahun aset tersebut dihentikan pengakuannya. o.

p.

Aset tak berwujud

ACCOUNTING

Fixed assets - Continued An item of fixed assets is derecognized upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statements of profit or loss and other comprehensive income in the year the asset is derecognized.

o.

Intangible assets

Aset takberwujud terdiri dari perangkat lunak yang dibeli Bank.

Intangible assets consist of software acquired by the Bank.

Perangkat lunak yang dibeli oleh Bank dicatat sebesar biaya perolehan dikurangi akumulasi amortisasi dan akumulasi kerugian penurunan nilai.

Software acquired by Bank is stated at cost less accumulated amortization and accumulated impairment losses.

Pengeluaran selanjutnya untuk perangkat lunak akan dikapitalisasi hanya jika pengeluaran tersebut menambah manfaat ekonomis aset yang bersangkutan di masa mendatang. Semua pengeluaran lainnya dibebankan pada saat terjadinya.

Subsequent expenditure on software is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditures are expensed as incurred.

Aset takberwujud dihentikan pengakuannya jika dilepas atau ketika tidak terdapat lagi manfaat ekonomi masa depan yang diperkirakan dari penggunaan atau pelepasannya.

An intangible asset is derecognized on disposal or when there is no future economic benefits are expected from its use or disposal.

Amortisasi diakui dalam laporan laba rugi dan penghasilan komprehensif lain dengan menggunakan metode garis lurus sepanjang masa manfaat dari perangkat lunak tersebut, dari tanggal perangkat lunak tersebut tersedia untuk dipakai. Estimasi masa manfaat dari perangkat lunak adalah lima hingga sepuluh tahun.

Amortization is recognized in statements of profit or loss and other comprehensive income on a straight-line method over the estimated useful life of the software, from the date it is available for use. The estimated useful life of software is five until ten years.

Metode amortisasi, estimasi masa manfaat dan nilai residual ditelaah pada setiap akhir tahun pelaporan dan disesuaikan jika dianggap tepat.

Amortization method, the estimate of useful life and residual values are reviewed at each financial year-end and adjusted if appropriate.

Agunan yang diambil alih

p.

Agunan yang diambil alih (jaminan kredit yang telah diambil alih oleh Bank) dan disajikan dalam akun “Aset lain-lain” dikurangi dengan cadangan kerugian penurunan nilai.

38

Foreclosed assets Foreclosed assets represent loan collateral acquired by the Bank and presented as “Other assets” account less allowance for impairment losses.



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan p.

q.

Agunan yang diambil alih - Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES - Continued p.

Foreclosed assets are recognized at net realizable value. The difference of loan balance over the net realizable value of foreclosed assets when the loan was taken over, is charged to allowance for possible losses on loans. However, if net realizable value exceeds the loan balance, foreclosed assets are recognized at the amount of loan balance and the difference is recorded in the Bank’s administrative accounts.

Biaya pemeliharaan yang terjadi setelah pengambilalihan atau akuisisi agunan dibebankan pada laporan laba rugi dan penghasilan komprehensif lain pada saat terjadinya.

Expenses for maintaining foreclosed assets are recognized in the current statements of profit or loss and other comprehensive income.

Selisih antara nilai agunan yang telah diambil alih dan hasil penjualannya diakui sebagai keuntungan atau kerugian pada saat penjualan agunan. Penyisihan kerugian agunan yang diambil alih dibentuk berdasarkan penurunan nilai agunan yang diambil alih dan kerugiannnya dibebankan pada laporan laba rugi dan penghasilan komprehensif lain tahun berjalan.

The differences between the value foreclosed assets and sale are recognized as gains or losses on the sale of foreclosed assets. An allowance for possible losses on foreclosed assets is provided based on the decline in value of foreclosed assets and the loss is recognized in the statement of profit or loss and other comprehensive income at the current year.

Manajemen melakukan evaluasi secara berkala atas nilai agunan yang diambil alih.

Management evaluates the value of foreclosed assets on a periodic basis.

Biaya dibayar dimuka

q.

Aset lain-lain

r.

Liabilitas segera

39

Other assets Other assets consist of assets that cannot be classified under the above accounts and not material to establish its individual post. Among such assets are foreclosed assets, taxes assessment under appeal, safe deposits, prepaid tax, loans settlement, advance payment of consultant/professional, inventories of books, printed material and stamp duty, and others.

s.

Liabilitas segera dicatat pada saat timbulnya liabilitas atau diterima perintah dari pemberi amanat, baik dari masyarakat maupun dari bank lain. Liabilitas segera disajikan sebesar biaya perolehan yang diamortisasi (Catatan 3e).

Prepaid expenses Prepaid expenses are amortized over their beneficial periods using the straight-line method.

Aset lain-lain terdiri dari aset yang tidak dapat digolongkan dalam pos-pos sebelumnya dan tidak cukup material disajikan dalam pos tersendiri. Termasuk dalam aset lain-lain adalah agunan yang diambil alih, penetapan pajak dalam proses banding, setoran jaminan, pajak dibayar dimuka, penyelesaian kredit, uang muka konsultan/profesional, persediaan buku barang cetakan dan materai, dan lain-lain. s.

Foreclosed assets - Continued

Agunan yang diambil alih diakui sebesar nilai realisasi bersih. Selisih lebih saldo kredit diatas nilai realisasi bersih dari agunan yang diambil alih yang telah diterima pada saat kredit diambil alih, dibebankan ke dalam akun cadangan kerugian penurunan nilai kredit. Sedangkan jika terdapat selisih lebih nilai realisasi bersih diatas saldo kredit, agunan yang diambil alih diakui sebesar saldo kredit dan selisihnya dicatat dalam catatan administratif Bank.

Biaya dibayar dimuka diamortisasi selama masa manfaat masing-masing biaya dengan menggunakan metode garis lurus. r.

ACCOUNTING

Obligation due immediately Obligation due immediately is recorded when it occurrs or due to a direct order from the shareholder both public and other bank. Obligation due immediately is stated at the amortized cost (Note 3e).



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan t.

Simpanan nasabah

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued t.

Pada saat pengakuan awal simpanan diukur sebesar nilai wajar dikurangi dengan biaya transaksi yang dapat diatribusikan secara langsung, dan selanjutnya diukur sebesar biaya perolehan yang diamortisasi menggunakan metode suku bunga efektif (Catatan 3e). u.

v.

Simpanan dari bank lain

ACCOUNTING

Deposits from customers At initial recognition deposits are measured at fair value net of transaction costs directly attributable to the deposits, and are measured subsequently at amortized costs using the effective interest rate method (Note 3e).

u.

Deposits from other banks

Simpanan dari bank lain terdiri dari liabilitas terhadap bank lain, baik lokal maupun luar negeri, dalam bentuk giro dan deposito berjangka.

Deposits from other banks consist of the liability to other banks, both domestic and overseas in the form of demand deposits and time deposits.

Pada saat pengakuan awal simpanan diukur sebesar nilai wajar dikurangi dengan biaya transaksi yang dapat diatribusikan secara langsung, dan selanjutnya diukur sebesar biaya perolehan yang diamortisasi menggunakan suku bunga efektif (Catatan 3e).

At initial recognition, deposits from other banks measured at fair value net of transaction costs which directly attributable to deposits are measured subsequently at amortized costs using interest rate (Note 3e).

Imbalan pasca-kerja

v.

Post-employment benefits

Bank menerapkan PSAK 24 (Revisi 2013), “Imbalan Kerja”. Untuk program imbalan pasti, PSAK revisi mengharuskan seluruh keuntungan dan kerugian aktuarial diakui dalam penghasilan komprehensif lain dan biaya jasa lalu non- vested sebelumnya diakui selama rata-rata periode vesting diakui segera dalam laba rugi pada saat terjadinya.

The Bank adopts SFAS 24 (Revised 2013), “Employee Benefits”. For defined benefit plans, the revised SFAS requires all actuarial gains and losses to be recognized in other comprehensive income and previous unvested past service costs are recognized over the average vesting period to be recognized immediately in profit or loss when incurred.

Bank menghitung imbalan pasca-kerja sesuai dengan Undang-undang Ketenagakerjaan No. 13/2003 tanggal 25 Maret 2003 dan PSAK 24 (Revisi 2013) “Imbalan Kerja”.

The Bank calculates post-employment benefits to its employees in accordance with Labour Law No. 13/2003 dated March 25, 2003 and SFAS 24 (Revised 2013), “Employee Benefits”.

Liabilitas atau aset imbalan pasti neto adalah keseluruhan nilai kini dari kewajiban imbalan pasti pada akhir periode pelaporan dikurangi dengan nilai wajar dari aset program (jika ada), disesuaikan untuk setiap dampak atas pembatasan aset imbalan pasti neto ke batas atas aset. Batas atas aset merupakan nilai kini dari manfaat ekonomis yang tersedia dalam bentuk pengembalian dana dari program atau pengurangan kontribusi masa depan untuk program tersebut.

The net defined benefit liability or asset is the aggregate of the present value of the defined benefit obligation at the end of the reporting period reduced by the fair value of plan assets (if any), adjusted for any effect of limiting a net defined benefit asset to the asset ceiling. The asset ceiling is the present value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan.

Menurut PSAK 24 (Revisi 2013), beban imbalan dalam program imbalan pasti secara aktuarial ditentukan dengan menggunakan projected unit credit.

According to SFAS 24 (Revised 2013), the cost of providing benefits under the defined benefit plans is actuarially determined using the projected unit credit method.

40



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan v.

w.

Imbalan pasca-kerja - Lanjutan

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued v.

ACCOUNTING

Post-employment benefits - Continued

Biaya imbalan pasti terdiri dari:

Defined benefit costs comprise the following:

 

Biaya jasa; Bunga neto atas liabilitas atau aset neto;

 



Pengukuran kembali liabilitas atau aset neto.



Service cost; Net interest on the net defined benefit liability or asset; Remeasurements of net defined benefit liability or asset.

Biaya jasa terdiri atas biaya jasa kini, biaya jasa lalu dan keuntungan atau kerugian atas penyelesaian yang diakui sebagai beban dalam laba rugi. Biaya jasa lalu diakui ketika amandemen atau kurtailmen program terjadi. Jumlah ini dihitung secara berkala oleh aktuaris independen.

Service costs include current service costs, past service costs and gains or losses on settlements which are recognized as expense in profit or loss. Past service costs are recognized when plan amendment or curtailment occurs. These amounts are calculated periodically by independent qualified actuaries.

Bunga neto atas liabilitas atau aset adalah perubahan selama periode pada liabilitas atau aset imbalan pasti neto yang timbul dari berlalunya waktu yang ditentukan dengan mengalikan tingkat diskonto berdasarkan obligasi pemerintah dengan liabilitas atau aset imbalan pasti neto. Bunga neto atas liabilitas atau aset imbalan pasti neto diakui sebagai beban atau pendapatan dalam laba rugi.

Net interest on the net defined benefit liability or asset is the change during the period in the net defined benefit liability or asset that arises from the passage of time which is determined by multiplying the discount rate based on government bonds to the net defined benefit liability or asset. Net interest on the net defined benefit liability or asset is recognized as expense or income in profit or loss.

Pengukuran kembali terdiri atas keuntungan dan kerugian actuarial, imbal hasil atas aset program dan setiap perubahan atas dampak batas atas aset (tidak termasuk bunga neto atas liabilitas imbalan pasti neto) diakui langsung dalam penghasilan komprehensif lain pada periode terjadinya. Pengukuran kembali tidak direklasifikasi ke laba rugi pada periode berikutnya.

Remeasurements comprising actuarial gains and losses, return on plan assets and any change in the effect of the asset ceiling (excluding net interest on net defined benefit liability) are recognized immediately in other comprehensive income in the period in which they arise. Remeasurements are not reclassified to profit or loss in subsequent periods.

Pengakuan pendapatan dan beban bunga

w.

Recognition of interest income and expenses

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

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

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

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

Kredit yang pembayaran angsuran pokok atau bunganya telah lewat 90 hari atau lebih setelah jatuh tempo, atau yang pembayarannya secara tepat waktu diragukan, secara umum diklasifikasikan sebagai kredit yang mengalami penurunan nilai.

Loans in which their principal and interest have been past due for 90 days or more, or where reasonable doubt-exist as to their timely collection, are generally classified as impaired loans.

Seluruh penerimaan kas atas kredit yang diklasifikasikan sebagai diragukan atau macet, diakui terlebih dahulu sebagai pengurang pokok kredit. Kelebihan penerimaan kas diatas pokok kredit diakui sebagai pendapatan bunga dalam laporan laba rugi dan penghasilan komprehensif lain tahun berjalan.

All cash receipts from loans classified as doubtful or loss are first applied as a reduction of the principal. The excess of cash receipts over the outstanding principal is recognized as interest income in the current year statements of profit or loss and other comprehensive income.

41



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan w. Pengakuan pendapatan dan beban bunga

x.

y.

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued w.

Recognition of interest income and expenses

Pengakuan pendapatan bunga dari kredit yang diberikan dihentikan pada saat kredit tersebut diklasifikasikan sebagai kredit yang mengalami penurunan nilai. Pendapatan bunga dari kredit yang diklasifikasikan sebagai kredit yang mengalami penurunan nilai dilaporkan sebagai tagihan kontinjensi dan diakui sebagai pendapatan pada saat pendapatan tersebut diterima (cash basis).

The recognition of interest income on loans are discontinued when the loans are classified as impaired loans. Interest income from impaired loans is reported as contingent receivables and to be recognized as income when the cash is received (cash basis).

Beban diakui pada saat terjadinya.

Expenses are recognized when incurred.

Provisi dan komisi

x.

Fees and commissions

Provisi dan komisi yang jumlahnya signifikan yang berkaitan langsung dengan kegiatan pemberian kredit diakui sebagai bagian (pengurang) dari biaya perolehan kredit dan akan diakui sebagai pendapatan bunga dengan cara diamortisasi berdasarkan metode suku bunga efektif.

Significant fees and commissions which are directly related to lending activities are recognized as part (deduction) of the cost of credit and will be recognized as interest income on the basis of amortized by the effective interest rate method.

Pendapatan dan beban provisi atau komisi lainnya yang tidak berkaitan dengan kegiatan perkreditan dan jangka waktu tertentu ataupun tidak material menurut Bank diakui sebagai pendapatan atau beban pada saat terjadinya transaksi.

Income and provision expense or other commissions not related to the loan activities and certain time period or not material according to the Bank are recognized as income or expense at the time of the transaction occurred.

Pendapatan dan beban operasional lainnya

y.

Seluruh pendapatan dan beban operasional lainnya dibebankan pada pada laporan laba rugi dan penghasilan komprehensif lain pada saat terjadinya. z.

ACCOUNTING

Pajak penghasilan

Other operating income and expenses All of other operating income and expenses are charged into statements of profit or loss and other comprehensive income as incurred.

z.

Income tax

Bank menerapkan PSAK 46 (Revisi 2014), “Pajak Penghasilan”.

The Bank applies SFAS 46 (Revised 2014), “Income Taxes”.

Beban pajak terdiri dari beban pajak kini dan beban pajak tangguhan. Beban pajak diakui pada laporan laba rugi, kecuali untuk akun yang langsung diakui di komponen ekuitas lainnya, dimana beban pajak yang terkait dengan akun tersebut diakui di penghasilan komprehensif lain.

Income tax expense comprises of current and deferred tax. Income tax expense is recognized in the statement of profit or loss, except to the extent it relates to accounts recognized directly in other equity components, in which case it is recognized in other comprehensive income.

Beban pajak kini untuk tahun berjalan dihitung berdasarkan taksiran penghasilan kena pajak dalam periode yang bersangkutan. Penangguhan pajak penghasilan dilakukan untuk mencerminkan pengaruh pajak atas beda temporer antara dasar pelaporan komersial dan pajak atas aset dan liabilitas dan akumulasi rugi fiskal.

Current tax expense is determined based on the estimated taxable income for the year. Deferred taxes are recognized to reflect the tax effects of the temporary differences between financial and tax reporting basis of assets and liabilities and accumulated tax losses carry forwards.

Aset dan liabilitas pajak tangguhan diakui atas konsekuensi pajak periode mendatang yang timbul dari perbedaan jumlah tercatat aset dan liabilitas menurut laporan keuangan dengan dasar pengenaan pajak aset dan liabilitas.

Deferred tax assets and liabilities are recognized for the future tax consequences arising from differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis.

42



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan z.

Pajak penghasilan

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued z.

ACCOUNTING

Income tax

Liabilitas pajak tangguhan diakui untuk semua perbedaan temporer kena pajak dan aset pajak tangguhan diakui untuk perbedaan temporer yang boleh dikurangkan, sepanjang besar kemungkinan dapat dimanfaatkan untuk mengurangi laba kena pajak pada masa datang.

Deferred tax liabilities are recognized for all taxable temporary differences and deferred tax assets are recognized for deductible temporary differences, as long it is probable that taxable income will be available in future periods against which the deductible temporary differences can be utilized.

Pajak tangguhan diukur dengan menggunakan tarif pajak yang berlaku atau secara substansial telah berlaku pada tanggal laporan posisi keuangan. Pajak tangguhan dibebankan atau dikreditkan dalam laporan laba rugi dan penghasilan komprehensif lain, kecuali pajak tangguhan yang dibebankan atau dikreditkan langsung ke ekuitas.

Deferred tax is measured at the tax rates that have enacted or substantively enacted as of the statements of financial position date. Deferred tax is charged or credited in the statements of profit or loss and other comprehensive income, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also charged or credited directly to equity.

Aset dan liabilitas pajak tangguhan disajikan di laporan posisi keuangan, atas dasar kompensasi sesuai dengan penyajian aset dan liabilitas pajak kini.

Deferred tax assets and liabilities are stated in the statements of financial position in the same manner the current tax assets and liabilities are presented.

Koreksi terhadap kewajiban perpajakan diakui saat surat ketetapan pajak diterima, atau jika mengajukan banding, pada saat keputusan atas banding tersebut telah ditetapkan.

Amendments to taxation obligations are recognized when a tax assessment letter is received or, if appealed against, when the results of the appeal are determined.

aa. Laba (rugi) per saham dasar

aa. Basic earnings (loss) per share

Laba (rugi) per saham dasar dihitung berdasarkan PSAK 56 (Revisi 2011), dengan membagi laba (rugi) tahun berjalan yang dapat diatribusikan kepada pemegang saham biasa Bank dengan jumlah rata-rata tertimbang saham yang beredar pada tahun yang bersangkutan.

Basic earnings (loss) per share is computed based on SFAS 56 (Revised 2011), by dividing income (loss) for the year attributable to common equity holders of the Bank by the weighted average number of shares outstanding during year.

Bank tidak memiliki efek berpotensi saham biasa yang bersifat dilutif pada tanggal-tanggal 31 Desember 2016 dan 2015, dan oleh karenanya, laba per saham dilusian tidak dihitung dan disajikan pada laporan laba rugi dan penghasilan komprehensif lain.

The Bank has no outstanding dilutive potential ordinary shares as of December 31, 2016 and 2015, and accordingly, no diluted earnings per share is calculated and presented in the statements of profit or loss and other comprehensive income.

ab. Beban emisi saham

ab. Shares issuance costs

Sesuai dengan Peraturan No. VIII.G.7 lampiran Surat Keputusan Bapepam No. Kep-06/PM/2000 tanggal 13 Maret 2000 mengenai ”Pedoman Penyajian Laporan Keuangan”, biaya-biaya emisi efek yang terjadi sehubungan dengan penawaran saham kepada masyarakat (termasuk penerbitan hak memesan efek terlebih dahulu) dikurangkan langsung dari hasil emisi dan disajikan sebagai pengurang pada akun “Tambahan Modal DisetorNeto”, sebagai bagian dari Ekuitas pada laporan posisi keuangan.

43

Based on the regulation No. VIII.G.7, appendix of Bapepam Decision Letter No. Kep-06/PM/2000 dated March 13, 2000 regarding “Guidance for Financial Statements Presentation”, costs related to the public offering of shares (including preemptive rights issue) are deducted from the proceeds and presented as a deduction from the “Additional Paid-in-Capital-Net” account, under Equity section in the statements of financial position.



IKHTISAR KEBIJAKAN AKUNTANSI YANG PENTING - Lanjutan ac. Pembayaran berbasis saham

3.

SUMMARY OF SIGNIFICANT POLICIES – Continued

ACCOUNTING

ac. Share-based payments

Karyawan Bank menerima remunerasi dalam bentuk pembayaran berbasis saham, dimana karyawan memberikan jasa sebagai imbalan untuk instrumen ekuitas (transaksi yang diselesaikan dengan instrumen ekuitas).

Employees of the Bank receive remuneration in the form of share-based payments, whereby employees render services as consideration for equity instruments (equity- settled transactions).

Suatu pembayaran berbasis saham kepada karyawan menjadi vested ketika telah menjadi hak karyawan. Kondisi vesting adalah kondisi yang menentukan apakah Bank menerima jasa yang memberikan hak kepada karyawan untuk menerima kas, aset lain atau instrumen ekuitas Bank, dalam perjanjian pembayaran berbasis saham. Untuk memenuhi kondisi memiliki dalam pembayaran berbasis saham, hak karyawan untuk menerima kas, aset lain atau instrumen ekuitas Bank menjadi vested jika hak karyawan tidak lagi bergantung kepada kondisi vesting.

A share-based payment to employee is to be vested when it becomes an entitlement of the employee. Vesting conditions represent the conditions that determine whether the Bank receives the services that entitle the employee to receive cash, other assets or equity instruments of the Bank, under a share-based payment arrangement. To become an entitlement, under a share-based payment arrangement, employee’s right to receive cash, other assets or equity instruments of the Bank vested when the employee’s entitlement is no longer conditional on the satisfaction of any vesting conditions.

Pemberian atas instrumen ekuitas yang telah vested secara seketika dikarenakan jasa yang telah diberikan oleh karyawan dibebankan secara penuh pada tanggal pemberian (grant date).

An award of equity instruments that has been vested immediately due to services that have already been rendered by the employee is therefore expensed in full at grant date.

Setelah suatu transaksi yang diselesaikan dengan instrumen ekuitas telah vested, Bank tidak melakukan penyesuaian atas biaya yang telah diakui, meskipun instrumen yang menjadi subjek dari transaksi kemudian menjadi hangus.

After an equity-settled transaction has been vested, the Bank does not make any adjustment on cost already charged, even if the instrumens that are the subject of the transaction are subsequently forfeited.

ad. Informasi segmen

ad. Segment information

Informasi segmen disusun sesuai dengan kebijakan akuntansi yang dianut dalam penyusunan dan penyajian laporan keuangan. Bank melaporkan informasi segmen berdasarkan segmen geografis sesuai kebijakan pelaporan internal Bank.

Segment information is prepared using the accounting policies adopted for preparing and presenting the financial statements. The Bank reports segment information based on geographical segment accordance with the Bank’s internal reporting policy.

Sebuah segmen geografis menyediakan jasa di dalam lingkungan ekonomi tertentu yang memiliki risiko serta tingkat pengembalian yang berbeda dengan segmen operasi lainnya yang berada dalam lingkungan ekonomi lain.

A geographical segment is engaged in providing services within a particular economic environment that are subject to risks and return that are different from those operating segment in other economic environments.

ae. Peristiwa setelah periode pelaporan

ae. Events after the reporting period

Kejadian-kejadian yang terjadi setelah tanggal laporan posisi keuangan yang menyediakan informasi mengenai posisi keuangan Bank pada tanggal laporan posisi keuangan (peristiwa penyesuaian), jika ada, telah tercermin dalam laporan keuangan. Kejadian-kejadian setelah tanggal laporan posisi keuangan yang tidak memerlukan penyesuaian, apabila jumlahnya material, telah diungkapkan dalam catatan atas laporan keuangan.

44

Post year-end events that provide additional information about the Bank’s financial position at the date of the statements of financial position (adjusting events), if any, are reflected in the financial statements. Post year-end events that do not need adjustment are disclosed in the notes to financial statements when material.



PENGGUNAAN ESTIMASI DAN PERTIMBANGAN AKUNTANSI YANG PENTING

4.

USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

Beberapa estimasi dan asumsi dibuat dalam rangka penyusunan laporan keuangan dimana dibutuhkan pertimbangan manajemen dalam menentukan metodologi yang tepat untuk penilaian aset dan liabilitas.

Certain estimates and assumptions are made in the preparation of the financial statements. These often require management judgement in determining the appropriate methodology for valuation of assets and liabilities.

Manajemen membuat estimasi dan asumsi yang berimplikasi pada pelaporan nilai aset dan liabilitas atas tahun keuangan satu tahun ke depan. Semua estimasi dan asumsi yang diharuskan oleh PSAK adalah estimasi terbaik yang didasarkan standar yang berlaku.

Management makes estimates and assumptions that affect the reported amounts of assets and liabilities within the next financial year. All estimates and assumptions that required in conformity with SFAS are best estimates undertaken in accordance with the applicable standards.

Estimasi dan pertimbangan dievaluasi secara terus menerus dan berdasarkan pengalaman masa lalu dan faktor-faktor lain termasuk harapan atas kejadian yang akan datang.

Estimates and judgements are evaluated on a continuous basis and based on past experiences and other factors including expectations with regard to future events.

Walaupun estimasi dan asumsi ini dibuat berdasarkan pengetahuan terbaik manajemen atas kejadian dan tindakan saat ini, hasil yang timbul mungkin berbeda dengan estimasi dan asumsi semula.

Although these estimates and assumptions are by management’s best knowledge of current events and activities, actual result may differ from those estimates and assumptions.

Pengungkapan ini melengkapi pengungkapan pada manajemen risiko keuangan (Catatan 32).

This disclosure supplements the commentary on financial risk management (Note 32).

a.

a.

Sumber utama ketidakpastian estimasi

Key sources of estimation uncertainty

a.1. Cadangan kerugian penurunan nilai aset keuangan

a.1. Allowances for impairment losses of financial assets

Kondisi spesifik counterparty yang mengalami penurunan nilai dalam pembentukan cadangan kerugian atas aset keuangan dievaluasi secara individu berdasarkan estimasi terbaik manajemen atas nilai kini arus kas yang diharapkan akan diterima. Dalam mengestimasi arus kas tersebut, manajemen membuat pertimbangan tentang situasi keuangan counterparty dan nilai realisasi bersih dari setiap agunan.

The specific counterparty component of the total allowances for impairment applies to financial assets evaluated individually for impairment based upon management's best estimate of the present value of the cash flows that are expected to be received. In estimating these cash flows, management makes judgements about the counterparty's financial situation and the net realizable value of any underlying collateral.

Setiap aset yang mengalami penurunan nilai dinilai sesuai dengan manfaat yang ada, dan strategi penyelesaian serta estimasi arus kas yang diperkirakan dapat diterima disetujui secara independen oleh Manajemen Risiko (Catatan 10).

Each impaired asset is assessed on its merits, and the workout strategy and estimated cash flows considered recoverable are independently approved by the Risk Management (Note 10).

a.2. Imbalan pasca-kerja karyawan

a.2. Post-employment benefits

Present value atas imbalan pasca-kerja karyawan tergantung dari banyaknya faktor yang dipertimbangkan oleh aktuaria berdasarkan beberapa asumsi. Perubahan atas asumsi-asumsi tersebut akan mempengaruhi carrying amount atas imbalan kerja karyawan.

45

The present value of the post-employment benefits depends on a number of factors that are considered on an actuarial basis using a number of assumptions. Any changes in these assumptions will impact the carrying amount of employee benefit obligations.



PENGGUNAAN ESTIMASI DAN PERTIMBANGAN AKUNTANSI YANG PENTING – Lanjutan a.

Sumber utama Lanjutan

ketidakpastian

estimasi

-

a.2. Imbalan pasca-kerja karyawan - Lanjutan

4.

USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS - Continued

a.

Key sources of estimation uncertainty Continued

a.2. Post-employment benefits - Continued

Asumsi yang digunakan dalam menentukan biaya atau pendapatan untuk imbalan kerja termasuk tingkat diskonto. Bank menentukan tingkat diskonto yang tepat pada setiap akhir tahun. Ini merupakan tingkat suku bunga yang digunakan untuk menentukan present value atas arus kas masa depan yang diestimasi akan digunakan untuk membayar imbalan kerja. Dalam menentukan tingkat diskonto yang tepat, Bank mempertimbangkan tingkat suku bunga atas surat berharga pemerintah yang mempunyai jatuh tempo yang menyerupai jangka waktu rata-rata sisa masa kerja karyawan (Catatan 20). a.3. Estimasi masa manfaat aset tetap

The assumptions used in determining the net cost or income for employee benefits include the discount rate. The Bank determines the appropriate discount rate at the end of each year. This is the interest rate that should be used to determine the present value of estimated future cash outflows expected to be required to settle the pension obligations. In determining the appropriate discount rate, the Bank considers the interest rates of government bonds that have terms to maturity approximating the terms of the service periods of employees (Note 20).

a.3. Estimated useful life of fixed assets

Masa manfaat dari masing-masing aset tetap Bank diestimasi berdasarkan jangka waktu aset tersebut diharapkan tersedia untuk digunakan. Estimasi tersebut didasarkan pada penilaian kolektif berdasarkan bidang usaha yang sama, evaluasi teknis internal dan pengalaman dengan aset sejenis.

The useful life of each item of the Bank’s fixed assets is estimated based on the period over which the asset is expected to be available for use. Such estimation is based on a collective assessment of similar business, internal technical evaluation and experience with similar assets.

Estimasi masa manfaat setiap aset ditelaah secara berkala dan diperbarui jika estimasi berbeda dari perkiraan sebelumnya yang disebabkan karena pemakaian, usang secara teknis atau komersial serta keterbatasan hak atau pembatasan lainnya terhadap penggunaan aset.

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.

Dengan demikian, hasil operasi di masa mendatang mungkin dapat terpengaruh secara signifikan oleh perubahan dalam jumlah dan waktu terjadinya biaya karena perubahan yang disebabkan oleh faktor- faktor yang disebutkan di atas.

Therefore, it is possible that future result 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.

Penurunan estimasi masa manfaat ekonomis setiap aset tetap akan menyebabkan kenaikan beban penyusutan dan penurunan nilai tercatat aset tetap

A reduction in the estimated useful life of any item of premises and equipments would increase the recorded depreciation and decrease the carrying values of these fixed assets.

Estimasi masa manfaat dan nilai aset tetap masing-masing diungkapkan pada Catatan 3n dan Catatan 13.

The estimated useful life and carrying value of fixed assets are disclosed in Note 3n and 13, respectively.

46





ketidakpastian

estimasi

-

a.4. Aset dan liabilitas pajak tangguhan

4.

USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS - Continued

a.

Key sources of estimation uncertainty Continued

a.4. Deferred tax assets and liabilities

Aset dan liabilitas pajak tangguhan diakui untuk semua perbedaan temporer antara nilai tercatat aset dan liabilitas pada laporan keuangan dengan dasar pengenaan pajak jika besar kemungkinan bahwa jumlah laba fiskal akan memadai untuk pemanfaatan perbedaan temporer yang diakui. Estimasi manajemen yang signifikan diperlukan untuk menentukan jumlah aset pajak tangguhan yang diakui berdasarkan kemungkinan waktu terealisasinya dan jumlah laba kena pajak pada masa mendatang serta strategi perencanaan pajak masa depan.

Deferred tax assets and liabilities are recognized for all temporary differences between the financial statements’ carrying amounts of existing assets and liabilities and their respective taxes basis to the extent that it is probable that taxable profit will be available against which the temporary differences can be utilized. Significant management estimates are required to determine the amount of deferred tax assets that can be recognized based upon the likely timing and the level of future taxable profits together with future tax planning strategies.

Aset pajak tangguhan diungkapkan pada Catatan 18d.

The deferred tax assets are disclosed in Note 18d.

a.5. Penurunan nilai aset non-keuangan

a.5. Impairment of non-financial assets

Penelaahan atas penurunan nilai dilakukan apabila terdapat indikasi penurunan nilai aset tertentu. Penentuan nilai wajar aset membutuhkan estimasi arus kas yang diharapkan akan dihasilkan dari pemakaian berkelanjutan dan pelepasan akhir atas aset tersebut.

Impairment review is performed when certain impairment indicators present. Determining the fair value of assets requires the estimation of cash flows expected to be generated from the continuing use and ultimate disposition of such assets.

Perubahan signifikan dalam asumsi- asumsi yang digunakan untuk menentukan nilai wajar dapat berdampak signifikan pada nilai terpulihkan dan jumlah kerugian penurunan nilai yang terjadi mungkin berdampak material pada hasil operasi Bank.

Any significant changes in the assumptions used in determining the fair value may materially affect the assessment of recoverable values and any resulting impairment loss could have a material impact on results of operations.

Nilai tercatat aset non-keuangan berupa aset tetap, aset tak berwujud dan aset lain-lain (agunan yang diambil alih) diungkapkan pada Catatan 13, 14 dan 15.

The carrying value of these assets in the form of fixed assets, intangible assets and other assets (foreclosed assets) are disclosed in Notes 13, 14 and 15.

a.6. Revaluasi aset tetap

a.6. Revaluation on fixed assets

Revaluasi aset tetap Bank bergantung pada pemilihan asumsi yang digunakan oleh penilai independen dalam menghitung jumlah-jumlah tersebut. Asumsi tersebut antara lain: nilai, harga, nilai pasar, biaya reproduksi dan penggunaan terbaik dan tertinggi.

47

The Bank’s fixed assets revaluation depends on its selection of certain assumptions used by the independent appraiser in calculating such amounts. Those assumptions include, among others: value, price, market value, reproduction cost and the best highest used.





ketidakpastian

estimasi

4.

-

USE OF CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS – Continued

a.

a.6. Revaluasi aset tetap – Lanjutan

Key sources of estimation uncertainty Continued a.6. Revaluation on fixed assets – Continued

Bank berkeyakinan bahwa asumsi tersebut adalah wajar dan sesuai, perbedaan signifikan dalam asumsi yang ditetapkan Bank dapat mempengaruhi secara material nilai aset tetap yang direvaluasi (Catatan 13). b.

5.

The Bank believes that its assumptions are reasonable and appropriate and significant differences in the Bank’s assumptions may materially affect the valuation of its fixed assets (Note 13).

Pertimbangan akuntansi yang penting dalam penerapan kebijakan akuntansi Bank

b.

Critical accounting judgements in applying the Bank’s accounting policies

Klasifikasi aset dan liabilitas keuangan

Financial assets and liabilities classification

Kebijakan akuntansi Bank memberikan ruang atas aset dan liabilitas keuangan, pada saat awal pengakuan, untuk diklasifikasikan ditentukan kedalam kategori berbeda dalam kondisi tertentu.

The Bank’s accounting policies provide scope for financial assets and liabilities to be designated at inception into different accounting categories in certain circumstances.

Dalam mengklasifikasikan aset keuangan sebagai “dimiliki hingga jatuh tempo”, Bank telah menetapkan bahwa Bank memiliki intensi positif dan kemampuan untuk memilki aset keuangan tersebut hingga tanggal jatuh tempo seperti yang dipersyaratkan (Catatan 3d).

In classifying financial assets as “held-tomaturity”, the Bank has determined that Bank has the positive intention and ability to hold the assets until their maturity date as required (Note 3d).

KAS

5.

31 Desember 2016/ December 31, 2016

CASH


Rupiah Khasanah Teller ATM Jumlah

Rupiah 14.164.683.650 139.089.900 22.300.000

12.992.220.300

14.326.073.550

13.194.462.550

120.042.250 82.200.000

Vault room Teller ATM Total

Cash in Safe, Cash in Transit dan Cash in ATM diasuransikan terhadap risiko asuransi kebongkaran kepada PT Asuransi Allianz Utama Indonesia (pihak ketiga).

Cash in Safe, Cash in Transit and Cash in ATM are insured for burglary risks with PT Asuransi Allianz Utama Indonesia (third party).

Manajemen Bank berpendapat bahwa nilai pertanggungan tersebut cukup untuk menutupi kemungkinan kerugian dari risiko tersebut.

The management of the Bank believes that the insurance coverage is adequate to cover possible losses arising from such risks.

48



GIRO PADA BANK INDONESIA

6.


DEMAND DEPOSITS WITH BANK INDONESIA


Rupiah Giro pada Bank Indonesia

7.

Rupiah 99.900.870.882

120.675.625.707


Saldo giro pada Bank Indonesia disediakan untuk memenuhi persyaratan Giro Wajib Minimum (GWM) dari Bank Indonesia.

The balances of demand deposits with Bank Indonesia are maintained to comply with Bank Indonesia’s Minimum Statutory Requirements (GWM).

Rasio GWM pada tanggal 31 Desember 2016 dihitung berdasarkan Peraturan Bank Indonesia (PBI) No.18/3/2016 tertanggal 10 Maret 2016 tentang “Perubahan Ketiga atas Peraturan Bank Indonesia No.15/15/PBI/2013 tentang Giro Wajib Minimum Bank Umum dalam Rupiah dan Valuta Asing bagi Bank Umum Konvensional”. Rasio GWM pada tanggal 31 Desember 2015 dihitung berdasarkan No. 17/21/2015 tertanggal 26 Nopember 2015 tentang “Perubahan Kedua atas Peraturan Bank Indonesia No. 15/15/PBI/2013 tentang Giro Wajib Minimum Bank Umum dalam Rupiah dan Valuta Asing bagi Bank Umum Konvensional”

The calculation of the GWM ratios as of September 30, 2016 is based on Regulation of Bank Indonesia (PBI) No.18/3/2016 dated March 10, 2016, regarding “Second Amendment to Regulation of Bank Indonesia No. 15/15/2013 on Minimum Reserve Requirements in Rupiah and Foreign Currencies for Conventional Commercial Banks”. The calculation of the GWM ratios as of December 31, 2015 is based on No. 17/21/2015 dated November 26, 2015, regarding “Second Amendment to Regulation of Bank Indonesia No. 15/15/PBI/2013 on Minimum Reserve Requirements in Rupiah and Foreign Currencies for Conventional Commercial Banks”.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 (GWM) Utama Bank masing- masing sebesar 6,55% dan 7,56% untuk mata uang Rupiah, serta (GWM) Sekunder Bank masing-masing sebesar 8,52% dan 7,86%.

As of December 31, 2016 and December 31, 2015, Primary Statutory Reserve of the Bank was 6,56%, and 7.56% for Rupiah currency, and Secondary Statutory Reserve were 8.52% and 7.86%.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 Bank telah memenuhi ketentuan Bank Indonesia yang berlaku tentang Giro Wajib Minimum Bank Umum.

As of December 31, 2016 and December 31, 2015 the Bank has complied with the Bank Indonesia’s regulation regarding Minimum Statutory Reserve Requirement of Commercial Banks.

GIRO PADA BANK LAIN

7.

a. Berdasarkan mata uang

a. By currency

31 Desember 2016/ December 31, 2016 Rupiah PT Bank Central Asia Tbk PT Bank Pembangunan Daerah Jawa Tengah Slamet Riyadi Saldo dipindahkan

DEMAND DEPOSITS WITH OTHER BANKS


6.376.083.848

1.097.556.627

430.261.677 6.806.345.525

721.950.304

49

1.819.506.931

Rupiah PT Bank Central Asia Tbk PT Bank Pembangunan Daerah Jawa Tengah Slamet Riyadi Balance carrie forward



GIRO PADA BANK LAIN – Lanjutan

7.

a. Berdasarkan mata uang – lanjutan

DEMAND DEPOSITS WITH OTHER BANKS – Continued a. By currency – continued


31 Desember 2015/ December 31, 2015 Balance brought

Saldo pindahan

6.806.345.525

PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk

forward

1.819.506.931

PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk

5.125.030

110.000.000

PT M aybank Indonesia Tbk

728.964.863

99.366.841

PT Maybank Indonesia Tbk

PT Bank M andiri (Persero) Tbk

838.966.952

78.918.803

PT Bank Mandiri (Persero) Tbk PT Bank Pembangunan

314.925.831

3.713.543

5.545.820.887

-

14.240.149.088

2.111.506.118

PT Bank Pembangunan Daerah Jawa Timur Tbk - Surabaya PT Bank Negara Indonesia (Persero) Tbk Jumlah

Daerah Jawa Timur Tbk - Surabaya PT Bank Negara Indonesia

b. Berdasarkan kolektibilitas

(Persero) Tbk Total

b. By collectability

Berdasarkan yang berlaku, seluruh giro pada bank lain pada tanggal 31 Desember 2016 dan 31 Desember 2015 diklasifikasikan lancar. c. Berdasarkan transaksi dengan pihak berelasi dan pihak ketiga Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak terdapat giro pada bank lain dengan pihak berelasi. d. Cadangan kerugian penurunan nilai

Based on the prevailing (PBI), all demand deposits with other banks as of December 31, 2016 and December 31, 2015 were classified as current. c. By transaction with related party and third party

As of December 31, 2016 and December 31, 2015 there were no demand deposits with other banks with related party. d. Allowance for impairment losses

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak terdapat giro pada bank lain yang mengalami penurunan nilai.

As of December 31, 2016 and December 31, 2015 there were no impairment losses in respect of demand deposit with other banks.

Manajemen berpendapat bahwa tidak diperlukan cadangan kerugian penurunan nilai giro pada bank lain yang perlu dibentuk pada tanggal 31 Desember 2016 dan 31 Desember 2015.

The management believes that no allowance for impairment losses on demand deposits with other banks to be provided as of December 31, 2016 and December 31, 2015.

50



GIRO PADA BANK LAIN - Lanjutan

7.

e. Tingkat suku bunga rata-rata

e. Average interest rate

Tingkat suku bunga rata-rata giro pada bank lain adalah sebagai berikut:

The average interest rates of demand deposits with other banks are as follows:

2016 Rupiah

2015

0 – 2,5%

0 - 2,5%

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak terdapat giro pada bank lain yang dijaminkan. 8.

DEMAND DEPOSITS WITH OTHER BANKS Continued

As of December 31, 2016 and December 31, 2015 there were no demand deposits with other banks which are pledged.

PENEMPATAN PADA BANK INDONESIA DAN BANK LAIN

8.

a. Berdasarkan jenis dan mata uang

PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS a. By type and currency


31 Desember 2015/ December 31, 2015 Rupiah

Rupiah BI - T erm Deposit BI - Deposit Facility

109.965.596.932

-

BI - Term Deposit

92.179.517.939

102.952.820.499

BI - Deposit Facility

Call money:

Call money:

PT Bank Victoria

PT Bank Victoria

International T bk

10.000.000.000

10.000.000.000

PT Bank Dinar, T bk

10.000.000.000

-

-

5.000.000.000

PT Bank Ganesha Bank Lain - Term Deposit :

International Tbk PT Bank Dinar, Tbk PT Bank Ganesha Other Bank - Term Deposit:

BPR Hariarta Sedana

2.000.000.000

2.000.000.000

BPR Hariarta Sedana

BPR Artaprima Dana Jasa

2.000.000.000

2.000.000.000

BPR Artaprima Dana Jasa

BPR Karunia

2.000.000.000

2.000.000.000

BPR Karunia

BPR Rasyid

1.500.000.000

2.000.000.000

BPR Rasyid

BPR Sinar T erang

1.000.000.000

2.000.000.000

BPR Sinar Terang

BPR Athena

1.000.000.000

1.500.000.000

BPR Athena

BPR Mitra Daya Mandiri

1.000.000.000

1.000.000.000

BPR Mitra Daya Mandiri

BPR Prabu Mitra

500.000.000

2.000.000.000

BPR Prabu Mitra

BPR Darmawan Adhiguna Lestari

500.000.000

2.000.000.000

BPR Darmawan Adhiguna Lestari

BPR Metropolitan Putra

500.000.000

500.000.000

BPR Metropolitan Putra

BPR Bintara Pratama Sejahtera

500.000.000

500.000.000

BPR Bintara Pratama Sejahtera

BPR Haneda Mitra Usaha

300.000.000

300.000.000

BPR Haneda Mitra Usaha

BPR Olympindo Sejahtera BPR DPM Kredit Mandiri

-

2.000.000.000

-

2.000.000.000

BPR OlympindoSejahtera BPR DPM Kredit Mandiri

BPR Sarana Utama Multidana

-

2.000.000.000

BPR Sarana Utama Multidana

BPR Mitra Sejahtera Lestari

-

2.000.000.000

BPR Mitra Sejahtera Lestari

BPR Kerta Raharja

-

2.000.000.000

BPR Kerta Raharja

2.000.000.000

BPR Mutiara Jaya Sukses

2.000.000.000

BPR Dana Karunia Sejahtera

BPR Mutiara Jaya Sukses BPR Dana Karunia Sejahtera Jumlah dipindahkan

234.945.114.871

51

149.752.820.499

Balance carrie forward



PENEMPATAN PADA BANK INDONESIA DAN BANK LAIN - Lanjutan

8.

a. Berdasarkan jenis dan mata uang - Lanjutan

PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS - Continued a. By type and currency 2014 - Continued



234.945.114.871

Balance brought Jumlah pindahan

forward

BPR Parasahabat Bekasi

-

149.752.820.499 2.000.000.000

BPR Wingsati

-

2.000.000.000

BPR Wingsati

BPR Karunia Kanaka

-

2.000.000.000

BPR Karunia Kanaka

BPR Akasia Mas

-

2.000.000.000

BPR Akasia Mas

BPR Gracia Mandiri

-

2.000.000.000

BPR Gracia Mandiri

BPR Bahtera Masyarakat

-

2.000.000.000

BPR Bahtera Masyarakat

BPR Super

-

2.000.000.000

BPR Super

BPR Ana Artha

-

1.500.000.000

BPR Ana Artha

BPR Prima Kredit Mandiri

-

1.000.000.000

BPR Prima Kredit Mandiri

BPR T risurya Binartha

-

1.000.000.000

BPR Trisurya Binartha

BPR Sumber Artha Rahayu

-

1.000.000.000

BPR Sumber Artha Rahayu

BPR Artha Jaya Citeureup

-

1.000.000.000

BPR Artha Jaya Citeureup

BPR Hosing Jaya

-

1.000.000.000

BPR Hosing Jaya

BPR Kranji Krida Sejahtera

-

1.000.000.000

BPR Kranji Krida Sejahtera

234.945.114.871

171.252.820.499

Jumlah - bersih

b. Berdasarkan kolektibilitas

c. Berdasarkan transaksi dengan pihak berelasi dan pihak ketiga Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak terdapat penempatan pada pihak berelasi. d. Berdasarkan jatuh tempo

Lebih dari 1 bulan Jumlah - bersih

Total - net

b. By collectibility

Berdasarkan ketentuan BI yang berlaku, penempatan pada BI dan bank lain pada tanggal 31 Desember 2016 dan 31 Desember 2015 diklasifikasikan sebagai lancar.

Rupiah Sampai dengan 1 bulan

BPR Parasahabat Bekasi

Based on the prevailing BI regulation, placements with BI and other banks as of December 31, 2016 and December 31, 2015 are classified as current.

c. By transaction with related party and third party

As of December 31, 2016 and December 31, 2015 there are no placements with related party. d. By maturity



222.945.114.871

144.252.820.499

12.000.000.000

27.000.000.000

234.945.114.871

171.252.820.499

52

Rupiah Up to 1 month More than 1 month Total



PENEMPATAN PADA BANK INDONESIA DAN BANK LAIN - Lanjutan

8.

e. Cadangan kerugian penurunan nilai

PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS – Continued e. Allowance for impairment losses

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak terdapat penempatan pada Bank Indonesia dan bank lain yang mengalami penurunan nilai.

As of December 31, 2016 and December 31, 2015 there are no impairment losses in respect of placements with Bank Indonesia and other banks.

Manajemen berpendapat bahwa tidak diperlukan cadangan kerugian penurunan nilai penempatan pada bank lain yang perlu dibentuk pada tanggal 31 Desember 2016 dan 31 Desember 2015.

The management believes that no allowance for impairment losses on placements with other banks to be provided as of December 31, 2016 and December 31, 2015.

f. Tingkat suku bunga rata-rata

f. Average interest rate

Tingkat suku bunga rata-rata penempatan pada Bank Indonesia dan bank lain adalah sebagai berikut:

Rupiah

The average interest rates of placements with Bank Indonesia and other banks are as follows:

2016

2015

5,71%

7,69%

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak terdapat penempatan pada bank lain yang dijaminkan.

As of December 31, 2016 and December 31, 2015 there were no placements with other banks which are pledged.

Penempatan pada Bank Indonesia dan bank lain akan diselesaikan dalam waktu tidak lebih dari 12 bulan setelah tanggal laporan posisi keuangan

Placements with Bank Indonesia and other banks will be settled within no more than 12 months after the date of the statements of financial position.

9.A EFEK-EFEK

9.A SECURITIES 31 Desember 2016/ December 31, 2016


a. Diukur pada nilai wajar melalui

a. Fair value through profit -

18.727.130.000

or loss

b. Dimiliki hingga jatuh tempo

109.475.993.411

161.437.518.020

b. Held-to-maturity

Jumlah

109.475.993.411

180.164.648.020

laporan laba rugi

53

Total

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain)


9.A EFEK-EFEK – Lanjutan

9.A SECURITIES – Continued

a. Diukur pada nilai wajar melalui laporan laba rugi

a. The details of securities fair value through profit and loss are as follows:

Pada 31 Desember 2016, dijual efek-efek atas FR 0068 dan FR 0072 dengan keuntungan penjualan efek sebesar Rp2.025.000.000 dan pendapatan bunga efek sebesar Rp722.286.344.

On December 31, 2016 securities of FR 0068 and FR 0072 were sold with gain on sale of Rp 2,025,000,000 and the interest income on securities Rp 722,286,344.

Rincian efek-efek diukur pada nilai wajar melalui laporan laba rugi tanggal 31 Desember 2015 adalah sebagai berikut:

The details of securities fair value through profit and loss as of December 31, 2015 are as follows:

31 Desember 2015/December 31, 2015 Tingkat suku bunga per tahun (% )/

Frekuensi Nilai tercatat Rp/

pembayaran

No. Series/

Nominal Rp/

Interest rate

Carrying

Tanggal jatuh tempo/

bunga/Frequency

Series No.

Par value Rp

per year (%)

amount Rp

Maturity date

of interest payment

Rupiah FR 0068

10.000.000.000

8,38%

9.408.530.000

15 Maret 2034/March 15,2034

6 bulan/months

FR 0072

10.000.000.000

8,25%

9.318.600.000

15 Mei 2036/May 15, 2036

6 bulan/months

Jumlah

20.000.000.000

18.727.130.000

b. Dimiliki hingga jatuh tempo

b. Held-to-maturity

Berdasarkan jenis, mata uang dan kolektibilitas:

By type, currency and collectibility:

31 Desember 2016/December 31, 2016 B unga yang belum diamortisasi/

Nilai tercatat/Carrying amount

Nilai nominal/

Unamaortized

Lancar/

Macet/

Jumlah/

Par value

interest

Current

Loss

Total

Efek-efek dimiliki

Held-to-maturity

hingga jatuh tempo

securities

Rupiah

Rupiah

Obligasi pemerintah

Government 99.248.000.000

5.583.389.249

104.831.389.249

-

104.831.389.249

Obligasi korporasi

Jumlah

bonds Corporate

4.643.170.785

1.433.377

4.644.604.162

-

4.644.604.162

103.891.170.785

5.584.822.626

109.475.993.411

-

109.475.993.411

54

bonds

Total





b. Dimiliki hingga jatuh tempo – lanjutan

b. Held-to-maturity – continued

Berdasarkan jenis, mata uang dan kolektibilitas:

By type, currency and collectibility:

31 Desember 2015/December 31, 2015 B unga yang belum diamortisasi/

Nilai tercatat/Carrying amount

Nilai nominal/

Unamaortized

Lancar/

Macet/

Jumlah/

Par value

interest

Current

Loss

Total

Efek-efek dimiliki

Held-to-maturity

hingga jatuh tempo

securities

Rupiah

Rupiah

Obligasi pemerintah

Government 119.248.000.000

5.809.868.865

125.057.868.865

-

125.057.868.865

Obligasi korporasi

Jumlah

bonds Corporate

36.286.339.829

93.309.326

36.379.649.155

-

36.379.649.155

155.534.339.829

5.903.178.191

161.437.518.020

-

161.437.518.020

Berdasarkan sisa umur jatuh tempo

bonds

Total

By remaining maturity: 31 Desember 2016/ December 31, 2016


14.205.378.968 95.270.614.443

50.231.363.131 111.206.154.889

109.475.993.411

161.437.518.020

dan

By government and non-government securities:

Efek-efek dimiliki hingga hingga jatuh tempo 3-12 bulan Lebih dari 12 bulan Jumlah

Berdasarkan pemerintah:

efek-efek

Efek-efek pemerintah Efek-efek bukan pemerintah Jumlah

pemerintah

bukan



104.831.389.249

125.057.868.865

4.644.604.162

36.379.649.155

109.475.993.411

161.437.518.020

55

Held-to-maturity securities 3-12 months Over 12 months Total

Government securities Non-government securities Total





b. Dimiliki hingga jatuh tempo - Lanjutan

b. Held-to-maturity - Continued

Berdasarkan pihak berelasi:

By related parties: 31 Desember 2016/ December 31, 2016


109.475.993.411

-

Related parties

Pihak ketiga

161.437.518.020

Third parties

Jumlah

109.475.993.411

161.437.518.020

Total

Pihak berelasi

Rincian obligasi pemerintah adalah sebagai berikut:

The details of government bonds are as follows

31 Desember 2016/December 31, 2016 Tingkat suku

Frekuensi

bunga per

pembayaran

tahun (% )/

Nilai tercatat Rp/

No. Series/

Nominal Rp/

Interest rate

Carrying


Frequency of

Series No.

Par value Rp

per year (%)

amount Rp

Maturity date

interest payment

15 Juli 2023/July 15,2023 6 bulan/months

bunga/

Obligasi suku

FR 0046

10.000.000.000

9,50%

9.885.398.799

bunga tetap/

FR 0046

10.000.000.000

9,50%

9.811.317.601


Fixed rate

FR 0047

10.000.000.000

10,00%

9.975.895.421

15 P ebruari 2028/February 15,2028 6 bulan/months

bonds

FR 0047

10.000.000.000

10,00%

11.266.986.190


FR 0047

10.000.000.000

10,00%

11.267.058.350


FR 0047

10.000.000.000

10,00%

10.829.735.895


FR 0052

10.000.000.000

10,50%

11.518.226.172

15 Agustus 2030/August 15, 2030 6 bulan/months

FR 0052

10.000.000.000

10,50%

11.403.195.369

15 Agustus 2030/August 15, 2030 6 bulan/months

FR 0060

10.000.000.000

6,25%

9.974.320.292

15 April 2017/April 15, 2017 6 bulan/months

FR 0061

5.000.000.000

7,00%

4.661.871.912

15 Mei 2022/May 15, 2022 6 bulan/months

FR 0028

2.248.000.000

10,00%

2.245.658.473


FR 0032

1.000.000.000

15,00%

993.863.939


FR 0040

1.000.000.000

11,00%

997.860.834

15 September 2025/September 15, 2025 6 bulan/months

99.248.000.000

104.831.389.249

56




9.A SECURITIES – Continued b. Held-to-maturity – Continued

b. Dimiliki hingga jatuh tempo - Lanjutan Rincian obligasi pemerintah adalah sebagai berikut:

The details of government bonds are as follows 31 Desember 2015/December 31, 2015

Tingkat suku

Frekuensi

bunga per

pembayaran

tahun (% )/

Nilai tercatat Rp/

bunga/

No. Series/

Nominal Rp/

Interest rate

Carrying


Frequency of

Series No.

Par value Rp

per year (% )

amount Rp

Maturity date

interest payment

Obligasi suku

FR 0046

10.000.000.000

9,50%

9.870.886.625

15 Juli 2023/July 15,2023

6 bulan/months

bunga tetap/

FR 0046

10.000.000.000

9,50%

9.789.182.004

15 Juli 2023/July 15,2023

6 bulan/months

Fixed rate

FR 0047

10.000.000.000

10,00%

9.972.651.301

15 Pebruari 2028/February 15,2028

6 bulan/months

bonds

FR 0047

10.000.000.000

10,00%

11.331.817.686


6 bulan/months

FR 0047

10.000.000.000

10,00%

11.331.894.154


6 bulan/months

FR 0047

10.000.000.000

10,00%

10.869.774.060


6 bulan/months

FR 0052

10.000.000.000

10,50%

11.572.314.391

15 Agustus 2030/August 15, 2030

6 bulan/months

FR 0052

10.000.000.000

10,50%

11.452.430.295

15 Agustus 2030/August 15, 2030

6 bulan/months

FR 0055

10.000.000.000

7,38%

10.020.627.974

15 September 2016/September 15, 2016

6 bulan/months

FR 0060

10.000.000.000

6,25%

9.886.220.805

15 April 2017/April 15, 2017

6 bulan/months

ORI 0010

10.000.000.000

8,50%

10.119.409.489

15 Oktober 2016/October 15, 2016

1 bulan/month

FR 0061

5.000.000.000

7,00%

4.613.528.835

15 Mei 2022/May 15, 2022

6 bulan/months

FR 0028

2.248.000.000

10,00%

2.239.567.123

15 Juli 2017/July 15,2017

6 bulan/months

FR 0032

1.000.000.000

15,00%

989.885.778

15 Juli 2018/July 15,2018

6 bulan/months

FR 0040

1.000.000.000

11,00%

997.678.345

15 September 2025/September 15, 2025

6 bulan/months

119.248.000.000

125.057.868.865

Rincian obligasi korporasi berdasarkan peringkat adalah sebagai berikut:

The details of corporate bonds rating are as follows:

31 Desember 2016/December 31, 2016 P eringkat/ Rating

Suku Bunga/ Interest rate

Nilai nominal/ Par Value

Nilai tercatat/ Carrying amount

Efek-efek dimiliki hingga jatuh tempo Indosat VII Th 2009 Seri B

Held-to-maturity securities idAAA

11,75%

-

-

Efek Beragunan aset danareksa BTN 03 (EBA Kelas A)

idAA

7,75%

2.643.170.785

2.643.170.785

Subordinasi Bank Mandiri I Th 2009 Sukuk Ijarah P LN II Th 2007

Indosat VII Th 2009 Seri B Efek beragunan aset danareksa BTN 03 ( EBA Kelas A) Subordinasi Bank MandiriI

idAAA

11,85%

-

-

idAAA

10,40%

2.000.000.000

2.001.433.377

Sukuk Ijarah PLN II Th 2007

4.643.170.785

4.644.604.162

Total

Jumlah

57

Th 2009




9.A SECURITIES – Continued b. Held-to-maturity – Continued

b. Dimiliki hingga jatuh tempo - Lanjutan Rincian obligasi korporasi berdasarkan peringkat adalah sebagai berikut: - lanjutan

The details of corporate bonds rating are as follows:continued

31 Desember 2015/December 31, 2015 P eringkat/

Suku Bunga/

Nilai nominal/

Nilai tercatat/

Rating

Interest rate

Par Value

Carrying amount

Efek-efek dimiliki hingga jatuh tempo

Held-to-maturity securities

Berkelanjutan Indosat I tahap II Th 2015 Seri A

Berkelanjutan Indosat I tahap II idAAA

8,55%

10.000.000.000

10.000.000.000

Tahun 2015 Seri A Berkelanjutan Toyota Astra

Berkelanjutan Toyota Astra Financial Service Thp II Th 2015 Seri A Indosat VII Th 2009 Seri B

Financial Service Thp II idAA+

8,50%

10.000.000.000

10.000.000.000

idAAA

11,75%

7.000.000.000

7.076.312.468

Efek Beragunan aset danareksa BTN 03 (EBA Kelas A)

Th 2009

Indosat VII Th 2009 Seri B Efek beragunan aset danareksa

idAA

7,75%

4.286.339.829

4.286.339.829

Subordinasi Bank Mandiri I

Sukuk Ijarah P LN II Th 2007

Th 2015 Seri A

BTN 03 ( EBA Kelas A) Subordinasi Bank MandiriI

idAAA

11,85%

3.000.000.000

3.015.013.200

idAAA

10,40%

2.000.000.000

2.001.983.658

Sukuk Ijarah PLN II Th 2007

36.286.339.829

36.379.649.155

Total

Jumlah

Efek-efek di atas telah diperingkat oleh Pefindo.

Th 2009

The above bonds rating were classified by Pefindo.

c. Berdasarkan kolektibilitas

c. By collectibility

Berdasarkan ketentuan BI yang berlaku, efek-efek pada tanggal 31 Desember 2016 dan 31 Desember 2015 diklasifikasikan lancar.

Based on the prevailing BI regulation, securities as of December 31, 2016 and December 31, 2015 are classified as current.

d. Jangka waktu dan tingkat suku bunga rata- rata efekefek adalah sebagai berikut:

d. Maturity period and average interest rates of securities are as follows:



Jangka waktu Obligasi Pemerintah Obligasi korporasi

Maturity Period 15 tahun/years

14 tahun/years

Government bonds

8 tahun/years

5,4 tahun/years

Corporate bonds



Tingkat bunga

Average interest rate

rata-rata pertahun

per year

Obligasi pemerintah

8,92%

9,51%

Government bonds

Obligasi korporasi

8,87%

9,80%

Corporate bonds

58





e. Cadangan kerugian penurunan nilai

e.

Allowance for impairment losses

Pada tanggal 31 Desember 2016 dan 31 Desember 2015, tidak terdapat efek-efek yang mengalami penurunan nilai.

As of December 31, 2016 and December 31, 2015 there are no impairment losses in securities.

Manajemen berpendapat bahwa tidak diperlukan cadangan kerugian penurunan nilai efek-efek yang perlu dibentuk pada tanggal 31 Desember 2016 dan 31 Desember 2015.

The management believes that no allowance for impairment losses in securities to be provided as of December 31, 2016 and December 31, 2015.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 tidak ada efek-efek yang dijaminkan.

As of December 31, 2016 and December 31, 2015 there are no securities which are pledged.

9.B EFEK-EFEK YANG DIBELI DENGAN JANJI DIJUAL KEMBALI

9.B SECURITIES PURCHASED UNDER AGREEMENTS TO RESEEL

Pada tanggal 31 Desember 2016, Bank memiliki transaksi reverse repo dengan Bank Indonesia sebagai berikut.

As of December 31, 2016, The bank have transaction reverse repo with Bank Indonesia are as follows :

Jenis Efek Jaminan

Tanggal dimulai/

Tanggal Jatuh

Pihak Penjual/

Type of Collateral

Commencement

Tempo/

Bunga/

Nilai Tercatat/

Counterparty

Securities

Date

Maturity Date

Interest Rate

Carrying Amount

Bank Indonesia

RR SPN 12170302

28 Desember 2016/

4 Januari 2017/

December 28, 2016

January 4, 2017

Pada tanggal 31 Desember 2016, tidak terdapat efekefek yang dibeli dengan janji dijual kembali dengan pihak berelasi. 10. KREDIT YANG DIBERIKAN a.

Tingkat Suku

4,75%

37.602.000.000

As of December 31 2016, there were no securities purchased under agreements to reseel with related party. 10. LOANS

Berdasarkan jenis kredit dan klasifikasi Bank Indonesia

a.

By type of loans and by Bank Indonesia classification

31 Desember 2016/December 31, 2016 Dalam perhatian

Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Pihak berelasi Modal kerja Investasi Konsumsi Jumlah

Related parties 19.773.766.813

-

-

-

-

19.773.766.813

Working capital

2.110.945.016

-

-

-

-

2.110.945.016

Investment

2.876.122.061

-

-

-

-

2.876.122.061

Consumer

24.760.833.890

-

-

-

-

24.760.833.890

Cadangan kerugian penurunan nilai

Type

Total Allowance for

(34.107.600)

-

-

-

-

-

-

-

-

(34.107.600) impairment losses

Jumlah kredit y ang diberikan kepada pihak berelasi

Total loans to 24.726.726.290

24.726.726.290

Pihak ketiga

related parties Third parties

Modal kerja

877.775.381.261

40.465.425.124

26.335.063

1.500.000.000

21.383.269.148

941.150.410.596

Working capital

Investasi

212.689.837.405

101.290.124.316

188.742.556

309.037.090

10.549.905.562

325.027.646.929

Investment

Konsumsi

89.957.535.634

11.967.198.305

-

-

5.600.788.723

107.525.522.662

Consumer

1.180.422.754.300

153.722.747.745

215.077.619

1.809.037.090

37.533.963.433

1.373.703.580.187

Jumlah

59

Total


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 10. LOANS – Continued

10. KREDIT YANG DIBERIKAN - Lanjutan a. Berdasarkan jenis kredit dan klasifikasi Bank Indonesia – Lanjutan

a. By type of loans and by Bank Indonesia classification – Continued


Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Pihak ketiga - lanjutan

Type Third parties - continued


Allowance for (2.564.745.783)

(3.667.978.887)

(21.459.145)

(214.793.220)

(12.818.617.617)

(19.287.594.652) Impairment losses

Jumlah kredit y ang diberikan kepada pihak ketiga Jumlah

Total loans to 1.177.858.008.517

150.054.768.858

193.618.474

1.594.243.870

24.715.345.816

1.354.415.985.535

1.202.584.734.807

150.054.768.858

193.618.474

1.594.243.870

24.715.345.816

1.379.142.711.825

third parties Total


Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Pihak berelasi Modal kerja

Type Related parties

16.536.403.846

-

-

-

-

16.536.403.846

Investment

Investasi

2.704.707.524

-

-

-

-

2.704.707.524

Investment

Konsumsi

2.551.656.749

-

-

-

-

2.551.656.749

Consumer

21.792.768.119

-

-

-

-

21.792.768.119

Jumlah Cadangan kerugian penurunan nilai

Total Allowance for

(19.380.003)

-

-

-

-

(19.380.003) impairment losses

21.773.388.116

-

-

-

-

21.773.388.116

related parties

Modal kerja

814.850.579.461

49.126.851.651

37.594.180.584

104.787.017

21.856.152.183

923.532.550.896

Working capital

Investasi

312.011.916.613

78.473.099.688

19.701.374.817

271.682.524

21.612.560.582

432.070.634.224

Investment

Konsumsi

116.554.917.580

5.619.398.419

3.187.328.282

293.198.283

2.283.843.116

127.938.685.680

Consumer

1.243.417.413.654

133.219.349.758

60.482.883.683

669.667.824

45.752.555.881

1.483.541.870.800


Total loans to

Pihak ketiga

Jumlah

Third parties


Total Allowance for

(1.357.380.292)

(2.362.762.996)

(23.913.356.368)

(139.142.903)

(23.095.461.007)

(50.868.103.566) Impairment losses


Total loans to 1.242.060.033.362

130.856.586.762

36.569.527.315

530.524.921

22.657.094.874

1.432.673.767.234

1.263.833.421.478

130.856.586.762

36.569.527.315

530.524.921

22.657.094.874

1.454.447.155.350

Tingkat suku bunga rata-rata per tahun adalah sebagai berikut : 31 Desember 2016/ December 31, 2016 Modal Kerja Investasi Konsumsi

13,00% 13,50% 13,25%

60

third parties Total

The average interest rates per year are as follows : 31 Desember 2015/ December 31, 2015 13,50% 14,25% 14,00%

Working Capital Investment Consumer



10. KREDIT YANG DIBERIKAN - Lanjutan

10. LOANS - Continued

b. Berdasarkan sektor ekonomi dan klasifikasi Bank Indonesia

b. By type of economic sector and by Bank Indonesia classification

31 Desember 2016/Decemebr 31, 2016 Dalam perhatian Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Pihak berelasi


Perdagangan besar dan eceran

Wholesale and 2.110.945.016

-

-

-

-

2.110.945.016

Perantara keuangan Lain-lain Jumlah

19.773.766.813

-

-

-

-

19.773.766.813

2.876.122.061

-

-

-

-

2.876.122.061

24.760.833.890

-

-

-

-

24.760.833.890

-

-

-

-

-

-

-

-


retail Financial intermediaries Others Total Allowance for impairment

(34.107.600)

(34.107.600)

losses



24.726.726.290

Pihak ketiga

Third parties

Pertanian,

Agriculture,

perburuan kehutanan Perikanan

hunting dan 3.822.060.094

3.822.060.094

6.129.685.377

6.129.685.377

Pertambangan dan penggalian

related parties

and forestry Fisheries Mining and

18.157.213.638

18.157.213.638

excavation

Industri pengolahan Konstruksi

135.470.357.189

1.924.412.986

15.271.947.583

1.135.073.901

566.068.076.264

64.200.045.355

-

-

-

137.394.770.175

Manufacturing

-

-

-

16.407.021.484

Construction


Wholesale 215.077.619

1.500.000.000

28.568.230.254

660.551.429.492

and retail Provision of

Peny ediaan

accomodation,

akomodasi dan makan minum

food and 37.717.119.605

47.885.732.465

-

309.037.090

-

85.911.889.160

beverage Transportation,

Transportasi,

warehousing

pergudangan dan komunikasi

and 24.982.625.457

372.655.818

-

-

969.846.234

160.046.832.053

2.806.390.510

-

-

2.348.896

26.325.127.509 communication

Perantara keuangan

Financial 162.855.571.459

intermediaries Real estate,

Real estate , usaha

leasing services

persewaan dan jasa perusahaan

and servicing 96.661.359.800

21.897.903.013

-

-

1.000.201.000

119.559.463.813

-

-

-

5.786.900.337

company Educational

Jasa pendidikan

5.786.900.337

-

services Health services

Jasa kesehatan dan kegiatan sosial

and social 4.529.332.265

-

-

-

-

4.529.332.265

Jasa kemasy arakatan,

sociocultural

sosial buday a dan hiburan Lain-lain Jumlah

activities Social services, and

15.821.709.004

1.533.335.392

-

-

89.957.535.634

11.967.198.305

-

-

215.077.619

1.809.037.090

1.180.422.754.300

153.722.747.745

61

1.392.548.326 5.600.788.723 37.533.963.433

18.747.592.722

entertainment

107.525.522.662

Others

1.373.703.580.187

Total







31 Desember 2016/Decemebr 31, 2016 Dalam perhatian Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Type Allowance for


impairment (2.564.745.783)

(3.667.978.887)

(21.459.145)

(214.793.220)

(12.818.617.617)

(19.287.594.652)

losses


Total loans to 1.177.858.008.517

150.054.768.858

193.618.474

1.594.243.870

24.715.345.816

1.354.415.985.535

1.202.584.734.807

150.054.768.858

193.618.474

1.594.243.870

24.715.345.816

1.379.142.711.825

third parties Total

31 Desember 2015/December 31, 2015 Dalam perhatian Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Pihak berelasi Perdagangan

-

-

-

-

-

-

-

-

besar dan eceran

Wholesale and 2.704.707.524

2.704.707.524

Perantara keuangan Lain-lain Jumlah

retail Financial

16.536.403.846

16.536.403.846

2.551.656.749

-

-

-

-

2.551.656.749

21.792.768.119

-

-

-

-

21.792.768.119

-

-

-

-

-

-

-

-



intermediaries Others Total Allowance for impairment

(19.380.003)

(19.380.003)

losses



21.773.388.116

Pihak ketiga

Third parties

Pertanian,

Agriculture,

perburuan kehutanan Perikanan Pertambangan dan penggalian

related parties

hunting dan 2.962.115.955

-

-

-

-

2.962.115.955

9.199.080.253

-

-

-

-

9.199.080.253

and forestry Fisheries Mining and

21.353.111.720

-

-

-

-

21.353.111.720

147.265.792.341

-

-

-

-

147.265.792.341

excavation

Industri pengolahan Listrik, gas dan air Konstruksi

Manufacturing Electricity, gas

268.918.993

-

42.128.138.025

2.714.146.731

591.795.378.166

56.016.334.294

-

-

-

268.918.993

-

-

-

44.842.284.756

and water Construction


Wholesale 36.449.338.882

376.469.541

43.268.957.436

727.906.478.319

Peny ediaan

and retail Provision of

akomodasi dan

accomodation, food and

makan minum

78.062.525.541

20.931.601.680

20.678.559.584

-

-

119.672.686.805

Transportasi,

beverage Transportation,

pergudangan

warehousing and

dan komunikasi

26.249.270.188

-

131.123.432.259

-

167.656.935

-

198.906.509

26.615.833.632 communication

Perantara keuangan

Financial -

-

-

131.123.432.259

intermediaries Real estate,

Real estate , usaha

leasing services

persewaan dan jasa perusahaan

and servicing 64.137.416.019

46.162.716.200

-

62

-

-

110.300.132.219

company







31 Desember 2015/December 31, 2015 Dalam perhatian Jenis

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

Type Educational

Jasa pendidikan

1.132.803.202

-

-

-

-

1.132.803.202

services Health services

Jasa kesehatan dan kegiatan sosial

and social 3.046.132.402

-

-

-

-

3.046.132.402

activities

Jasa

Social services,

kemasy arakatan,

sociocultural

sosial buday a dan hiburan Lain-lain Jumlah

and 8.082.274.878 116.611.023.712 1.243.417.413.654

1.775.152.434 5.619.398.419 133.219.349.758

3.187.328.282 60.482.883.683

293.198.283 669.667.824

2.284.691.936 45.752.555.881

9.857.427.312

entertainment

127.995.640.632

Others

1.483.541.870.800

Total Allowance for


impairment (1.357.380.292)

(2.362.762.996)

(23.913.356.368)

(139.142.903)

(23.095.461.007)

(50.868.103.566)

losses


Total loans to 1.242.060.033.362

130.856.586.762

36.569.527.315

530.524.921

22.657.094.874

1.432.673.767.234

1.263.833.421.478

130.856.586.762

36.569.527.315

530.524.921

22.657.094.874

1.454.447.155.350

c. Berdasarkan jangka waktu

third parties TotaL

c. By loan period

Klasifikasi kredit yang diberikan berdasarkan perjanjian kredit dan sisa umur jatuh tempo adalah sebagai berikut:

Loans classification by loan agreements and the remaining maturity are as follows:

Berdasarkan jangka waktu perjanjian kredit:

By term of loan agreements:

Sampai dengan 1 tahun

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

616.646.221.874

677.192.974.848

Until 1 year

Lebih dari 1 - 2 tahun

77.625.571.875

57.528.061.558

Over 1 - 2 year

Lebih dari 2 - 5 tahun

416.628.066.733

475.163.935.195

Over 2 - 5 year

287.564.553.595

295.449.667.318

Over 5 year

1.398.464.414.077

1.505.334.638.919

Total

Lebih dari 5 tahun Jumlah Cadangan kerugian penurunan nilai Jumlah kredit yang diberikan - bersih

(19.321.702.252)

1.379.142.711.825

63

(50.887.483.569)

1.454.447.155.350


Total loans - net





c. Berdasarkan jangka waktu – lanjutan

c. By loan period – continued

Berdasarkan sisa umur jatuh tempo:

Sampai dengan 1 tahun Lebih dari 1 - 2 tahun Lebih dari 2 - 5 tahun Lebih dari 5 tahun Jumlah Cadangan kerugian penurunan nilai



704.154.521.618 82.333.933.783 453.142.403.710 158.833.554.966

747.712.630.725 104.981.480.457 457.232.501.709 195.408.026.028

Until 1 year Over 1 - 2 year Over 2 - 5 year Over 5 year

1.398.464.414.077

1.505.334.638.919

Total

(19.321.702.252)

Jumlah kredit yang diberikan - bersih

d.

By remaining maturity:

1.379.142.711.825

Informasi signifikan lainnya sehubungan dengan kredit yang diberikan adalah sebagai berikut:


(50.887.483.569)

1.454.447.155.350

d.

Total loans - net

Other significant information related with loans are as follows:

a. Tingkat suku bunga rata-rata per tahun untuk kredit yang diberikan kepada pihak berelasi (Catatan 29) pada tanggal 31 Desember 2016 dan 31 Desember 2015 masing- masing sebesar 13,75% dan 13,75%, sedangkan tingkat suku bunga rata-rata per tahun untuk pihak ketiga pada tanggal 31 Desember 2016 dan 31 Desember 2015 masing- masing sebesar 13,25% dan 13,75%.

a. The average annual interest rates for related parties (Note 29) as of December 31, 2016 and December 31, 2015 are 13.75% and 13.75% respectively, while the average annual interest rates for third parties as of December 31, 2016 and December 31, 2015 are 13.25% and 13.75% respectively.

b. Kredit yang direstrukturisasi oleh Bank pada tanggal 31 Desember 2016, dan 31 Desember 2015 masing- masing adalah sebagai berikut:

b. Restructured loans by the Bank as of December 31, 2016 and December 31, 2015 respectively, are as follows ::


Perpanjangan jangka waktu kredit dan skema restrukturisasi lain-lain*)

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

52.228.359.621

63.195.021.363

-

-

575.338.169

115.998.719.153

Extension of loan period and other schemes restructuring*)


Perpanjangan jangka waktu kredit dan skema restrukturisasi lain-lain*)

*)

Lancar/

khusus/

Kurang lancar/

Diragukan/

Macet/

Jumlah/

Current

Special mentions

Substandard

Doubtful

Loss

Total

1.297.440.772

58.090.679.658

-

Skema restrukturisasi lain-lain terdiri dari penurunan tingkat suku bunga, penjadwalan kembali bunga yang tertunggak dan perpanjangan jangka waktu pembayaran bunga tertunggak

64

-

15.054.788.111

74.442.908.541

Extension of loan period and other schemes restructuring*)

*) Other restructuring scheme consists of a reduction of interest rates, rescheduling of unpaid interest and extension of repayment periods for past due interest



10. KREDIT YANG DIBERIKAN – Lanjutan d.

10. LOANS – Continued

Informasi signifikan lainnya sehubungan dengan kredit yang diberikan - lanjutan c.

Kredit yang diberikan pada umumnya dijamin dengan agunan yang diikat dengan hak tanggungan atau surat kuasa untuk menjual, deposito berjangka atau jaminan lain.

d. Pada tanggal 31 Desember 2016 dan 31 Desember 2015, rincian kredit yang mengalami penurunan nilai menurut sektor ekonomi adalah sebagai berikut:

d. Other significant information related with loans continued: c.

Loans are generally collateralized by registered mortgages, powers of attorney to mortgage or sell pledged assets, time deposits or other guarantees.

d. As of December 31, 2016 and December 31, 2015, the detail of non-performing loans based on economic sector are as follows:

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015


30.283.307.873

80.094.765.859

Penyediaan akomodasi dan makan minum

309.037.090

20.678.559.584

Transportasi, pergudangan dan komunikasi Perantara keuangan

Wholesale and retail Provision of accomodation food and baverage Transportation, warehousing

969.846.234

366.563.444

2.348.896

-

and communication Financial intermediaries

Real estate, usaha persewaan dan jasa perusahaan

Real estate, leasing services, 1.000.201.000

-

Jasa kemasyarakatan dan hiburan Lain-lain Jumlah

Social services and 1.392.548.326

-

5.600.788.723

5.765.218.501

Others

39.558.078.142

106.905.107.388

Total

(13.054.869.982)

(47.147.960.276)

Cadangan Kerugian penurunan nilai

entertainment

Allowance for impairment

Jumlah kredit bermasalah berdasarkan sektor ekonomi

and servicing company

losses Total non-perfoming loan

26.503.208.160

59.757.147.112

by economic sectors

e.

Rasio kredit mikro usaha kecil dan menengah terhadap total kredit yang diberikan pada tanggal 31 Desember 2016 dan 31 Desember 2015 masing-masing adalah sebesar 36,11% dan 44,08%.

e.

The ratio of loans to small medium enterprises to total loans as of December 31, 2016 and December 31, 2015 are 36.11% and 44.08% respectively.

f.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015 rasio Non Performing Loans (NPL) gross dan net masing-masing sebesar 2,83% dan 1,90%, serta 7,10% dan 3,58%.

f.

As of December 31, 2016 and December 31, 2015, the ratios of Non Performing Loans (NPL) gross and net are 2.83% and 1.90%, 7.10% and 3.58%, respectively.

65


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 10. LOANS – Continued

10. KREDIT YANG DIBERIKAN - Lanjutan d. Informasi signifikan lainnya sehubungan dengan kredit yang diberikan - lanjutan

d. Other significant information related with loans continued:

g.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015, tidak terdapat pelanggaran maupun pelampauan terhadap ketentuan Batas Maksimum Pemberian Kredit (BMPK).

g. As of December 31, 2016 and December 31, 2015, there are no loans which exceded or penalty the Legal Lending Limit (LLL) as required.

h.

Perubahan cadangan kerugian penurunan nilai adalah sebagai berikut:

h. The changes of allowance for impairment losses are as follows:


Saldo awal tahun Pembentukan tahun berjalan (Catatan 25) Selisih lebih saldo kredit diatas nilai realisasi bersih dari agunan yang diambil alih Penghapusan selama tahun berjalan

S aldo akhir tahun


50.887.483.569

8.231.682.205

11.092.124.004

75.010.363.759

(3.112.679.824)

-

(39.545.225.497)

(32.354.562.395)

19.321.702.252

50.887.483.569

Manajemen berpendapat bahwa jumlah cadangan kerugian penurunan nilai atas kredit yang diberikan telah memadai. i.

Klasifikasi kredit yang mengalami penurunan nilai, kredit yang telah jatuh tempo tetapi tidak mengalami penurunan nilai dan kredit yang belum jatuh tempo dan tidak mengalami penurunan nilai adalah sebagai berikut: 31 Desember 2016/ December 31, 2016 Kredit yang mengalami penurunan nilai*) Cadangan kerugian penurunan nilai individual Sub jumlah

Balance at beginning of the year Provision during the year (Note 25) The difference on loan balance over the net realizable value of foreclosed asset Write-off during the year Balance at ending of the year

The management believes that the allowance for impairment losses on loans was adequate. i.

Loans classification which are impaired, past due but unimpaired, neither past due nor impaired are as follows:


24.927.727.477

98.208.849.029

Impaired loans*)

(11.384.088.948)

(45.614.093.712)

13.543.638.529

52.594.755.317

2.818.851

848.820

loans**)

2.818.851

848.820

Sub total - net

Individual allowance for impairment losses Sub total

Kredit yang telah jatuh tempo tetapi tidak mengalami penurunan nilai**) Sub jumlah - bersih

Past due but unimpaired

66





d. Informasi signifikan lainnya sehubungan dengan kredit yang diberikan - lanjutan




Kredit yang belum jatuh tempo dan tidak mengalami penurunan nilai***) Cadangan kerugian penurunan nilai kolektif

1.373.533.867.749

Sub jumlah

1.365.596.254.445

1.401.851.551.213

Sub total

S aldo akhir

1.379.142.711.825

1.454.447.155.350

Ending balance

1.407.124.941.070

(7.937.613.304)

(5.273.389.857)

*)

Termasuk dalam kategori “kredit yang mengalami penurunan nilai” adalah kredit dengan kolektibilitas kurang lancar, diragukan dan macet yang dibentuk cadangan kerugian penurunan nilai secara individual.

*)

Included in the category of “impaired loans” are loans with collectibility substandard, doubtful and loss which are provided individual allowance for impairment losses.

**)

Termasuk dalam kategori “kredit yang telah jatuh tempo tetapi tidak mengalami penurunan nilai” adalah kredit dengan kolektibilitas dalam perhatian khusus, kurang lancar, diragukan dan macet yang tidak dibentuk cadangan kerugian penurunan nilai.

**)

Included in the category of “past due but unimpaired loans” are loans with collectibility special mentions, substandard, doubtful and loss which are not provided allowance for impairment losses.

***) Termasuk dalam kategori “kredit yang belum jatuh tempo dan tidak mengalami penurunan nilai” adalah keseluruhan kredit dengan kolektibilitas lancar serta kredit dengan kolektibilitas dalam perhatian khusus, kurang lancar, diragukan dan macet yang dibentuk cadangan kerugian penurunan nilai secara kolektif. j.

Neither past due nor impaired loans***) Collective allowance for impairment losses

Berikut ini adalah saldo kredit bruto dan cadangan kerugian penurunan nilai yang dievaluasi secara individual dan kolektif pada tanggal 31 Desember 2016 dan 2015:

31 Desember 2016/ December 31, 2016 Kredit dengan penurunan secara individual Penurunan nilai individual S ub jumlah

***) Included in the category of “neither past due nor impaired loans” are all loans with collectibility current and loans with collectibility special mentions, substandard, doubtful and loss which are provided collective allowance for impairment losses.

j.

As of December 31, 2016 and 2015, the gross loan balances and allowance for impairment losses that are assessed from individual and collective impairment, are as follows:


24.927.727.477

98.208.849.029

(11.384.088.948)

(45.614.093.712)

13.543.638.529

52.594.755.317

67

Loans with individual impairments Individual impairments Sub total





d. Informasi signifikan lainnya sehubungan dengan kredit yang diberikan - lanjutan




Kredit dengan penurunan penurunan secara kolektif Penurunan nilai kolektif

1.373.536.686.600

S ub jumlah

1.365.599.073.296

1.401.852.400.033

Sub total

S aldo akhir

1.379.142.711.825

1.454.447.155.350

Ending balance

(7.937.613.304)

11. PENDAPATAN BUNGA YANG MASIH AKAN DITERIMA

1.407.125.789.890 (5.273.389.857)

Loans with collective impairments Collective impairments

11. INTEREST RECEIVABLES

Pada tanggal 31 Desember 2016 dan 2015 rincian pendapatan bunga yang masih akan diterima adalah sebagai berikut:

As of December 31, 2016 and 2015, the details of interest receivables are as follows:



Kredit yang diberikan Efek-efek dan penempatan pada bank lain

13.209.614.295

16.867.191.621

3.677.602.648

4.608.029.637

Loans Securities and placement with other banks

Jumlah

16.887.216.943

21.475.221.258

Total

12. BIAYA DIBAYAR DIMUKA

12. PREPAID EXPENSES

Pada tanggal 31 Desember 2016 dan 2015, rincian biaya dibayar dimuka adalah sebagai berikut:

As of December 31, 2016 and 2015, the details of prepaid expenses are as follows:



Sewa gedung Iklan dan promosi Asuransi Core Banking System (CBS) Pajak atas revaluasi (Catatan 13) Lainnya

4.891.323.953 133.022.147 26.424.153

4.511.928.561 148.475.102 31.314.589

-

1.980.000.000

1.319.777.593

757.729.675 484.521.250

Building rents and promotion Insurance Core Banking System (CBS) Tax on revaluation (Note 13) Others

Jumlah

6.370.547.846

7.913.969.177

Total

Lainnya terdiri dari biaya dibayar dimuka atas pemeliharaan piranti lunak, konsultan/profesional, perjalanan dinas dan lainnya.

68

Others consist of prepaid expenses of software maintenance, consultant/professional, business travel and others.



13. ASET TETAP

13. FIXED ASSETS Renovasi bangunan atau instalasi/

Peralatan

Building

kantor/

Tanah/

B angunan/

renovations or

Kendaraan/

Office

Jumlah/

Land

Buildings

installations

Vehicles

equipment

Total

22.337.500.000

8.196.500.000

12.122.713.054

430.556.360

13.159.127.245

56.246.396.659

-

-

12.429.170

-

182.923.700

195.352.870

-

-

-

(74.862.210)

(80.831.570)

-

-

-

-

-

-

-

-

-

-

-

-

22.337.500.000

8.196.500.000

12.135.142.224

424.587.000

13.267.188.735

56.360.917.959

-

34.152.083

11.305.185.725

182.692.593

11.662.237.715

23.184.268.116

-

409.825.000

341.669.599

79.497.400

676.043.849

1.507.035.848

-

-

-

(5.969.360)

(69.725.543)

-

-

-

-

-

443.977.083

11.646.855.324

256.220.633

12.268.556.021

24.615.609.061

22.337.500.000

7.752.522.917

488.286.900

168.366.367

998.632.714

31.745.308.898

Kepemilikian langsung/ Direct ownership Jumlah tercatat bruto/ Gross carrying amount: Saldo 1 januari 2016 Balance January 1, 2016 P enambahan/ Additions P elepasan/ Disposals

(5.969.360)

Reklasifikasi/ Reclasifications Surplus revaluasi/ Revaluation surplus Saldo 31 Desember 2016/ Balance December 31, 2016 Akumulasi penyusutan/ Accumulated depreciation: Saldo 1 Januari 2016/ Balance January 1, 2016 P enambahan/ Additions P elepasan/ Disposal

(75.694.903)

Reklasifikasi Reclasifications

-

Saldo 31 Desember 2016/ Balance December 31, 2016 Jumlah tercatat 31 Desember 2016 Carrying amount December 31, 2016

69


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 13. FIXED ASSETS – Continued

13. ASET TETAP - Lanjutan

Renovasi bangunan atau instalasi/

Peralatan

Building

kantor/

Tanah/

B angunan/

renovations or

Kendaraan/

Office

Jumlah/

Land

Buildings

installations

Vehicles

equipment

Total

23.683.000.000

6.517.521.650

12.007.370.584

3.382.156.360

12.916.790.875

58.506.839.469

-

-

200.752.970

26.000.000

531.130.902

757.883.872

-

-

-

Kepemilikian langsung/ Direct ownership Jumlah tercatat bruto/ Gross carrying amount: Saldo 1 januari 2015 Balance January 1, 2015 P enambahan/ Additions P elepasan/ Disposals

(2.977.600.000)

(288.794.532)

(3.266.394.532)

Reklasifikasi/ Reclasifications

-

(3.610.759.428)

(85.410.500)

-

-

(3.696.169.928)

Surplus revaluasi/ Revaluation surplus

(1.345.500.000)

5.289.737.778

-

-

-

3.944.237.778

22.337.500.000

8.196.500.000

12.122.713.054

430.556.360

13.159.127.245

56.246.396.659

-

3.416.326.015

10.919.564.799

3.021.486.859

11.081.366.384

28.438.744.057

-

228.585.496

471.031.426

138.805.734

865.793.099

1.704.215.755

-

-

-

(284.921.768)

(3.262.521.768)

Saldo 31 Desember 2015/ Balance December 31, 2015 Akumulasi penyusutan/ Accumulated depreciation: Saldo 1 Januari 2015/ Balance January 1, 2015 P enambahan/ Additions P elepasan/ Disposal

(2.977.600.000)

Reklasifikasi Reclasifications

-

(3.610.759.428)

(85.410.500)

-

-

(3.696.169.928)

Saldo 31 Desember 2015/ Balance December 31, 2015

-

34.152.083

11.305.185.725

182.692.593

11.662.237.715

23.184.268.116

22.337.500.000

8.162.347.917

817.527.329

247.863.767

1.496.889.530

33.062.128.543

Jumlah tercatat 31 Desember 2015 Carrying amount December 31, 2015

70



13. ASET TETAP - Lanjutan

13. FIXED ASSETS - Continued

Beban penyusutan aset tetap yang dibebankan pada beban umum dan administrasi untuk tahun yang berakhir pada tanggal- tanggal 31 Desember 2016 dan 31 Desember 2015 adalah sebesar Rp 1.507.035.848 dan Rp 1.704.215.755 (Catatan 26a).

Depreciation expense of fixed assets charged to general and administrative expense for the year ended December 31, 2016 and December 31 2015 amounted to Rp 1,507,035,848 and Rp 1,704,215,755, respectively (Note 26a).

Rincian keuntungan penjualan aset tetap adalah sebagai berikut:

Details of gain on sale of fixed assets are as follows:

Hasil penjualan aset tetap Nilai buku Keuntungan penjualan aset tetap (Catatan 27)



13.321.867 5.136.667

1.520.709.610 3.872.764

Proceed on sale of fixed assets Book value

1.516.836.846

Gain on sale of fixed assets (Note 27)

8.185.200

Penilaian untuk nilai wajar atas tanah yang dimiliki oleh Bank pada 31 Desember 2014 telah dilakukan oleh KJPP Sarwono, Indrastuti dan Rekan, penilai independen yang telah teregistrasi pada Otoritas Jasa Keuangan (OJK), melalui laporannya tertanggal 27 Juni 2015. Berdasarkan laporan KJPP Sarwono, Indrastuti dan Rekan tertanggal 30 Nopember dan 1 Desember 2015, tanah tersebut dinilai kembali beserta bangunannya. Penilaian dilakukan sesuai dengan Standar Penilaian Indonesia (SPI) yang ditentukan berdasarkan transaksi terkini dalam ketentuan yang wajar dan Peraturan Bapepam-LK No. VIII.C.4 tentang pedoman penilaian dan penyajian laporan penilaian aset di pasar modal. Metode penilaian yang digunakan adalah Pendekatan Data Pasar dan Biaya.

Valuation to determine the fair value of the Bank’s land as of December 31, 2014 was performed by “KJPP Sarwono, Indrastuti dan Rekan”, an independent valuers registered in Financial Services Authority (FSA), through its report dated June 27, 2015. Based on reports of “KJPP Sarwono, Indrastuti dan Rekan” dated November 30 and December 1, 2015, the land has been revalued, including the buildings. The valuation was determined in accordance with the Indonesian Appraisal Standards (SPI), referring to recent arm’s length market transaction and Bapepam-LK’s Rule No. VIII.C.4 regarding valuation and presentation of asset valuation report in capital market. Appraisal method used is the Market Data and Cost Approach Methods.

Elemen-elemen yang digunakan dalam perbandingan data untuk menentukan nilai wajar aset, antara lain:

Elements used in data comparison process determined assets’ fair value are as follows:

1. 2. 3. 4. 5. 6.

1. 2. 3. 4. 5. 6.

Jenis hak yang melekat pada properti; Kondisi pasar; Lokasi; Karakteristik fisik; Karakteristik dalam menghasilkan pendapatan; dan Zoning, pembatasan pembangunan.

to

Type of right on property; Market condition; Location; Physical characteristics; Income producing characteristics; and Zoning, restrictions on construction.

Selisih nilai wajar atas tanah dan bangunan dengan nilai tercatat dibukukan pada penghasilan komprehensif lain dan terakumulasi dalam ekuitas pada bagian “Surplus revaluasi aset tetap”.

The difference between the fair value and carrying amount of land and buildings were recorded in other comprehensive income and accumulated in equity as “Surplus on revaluation of fixed assets”.

Rincian revaluasi aset tetap adalah sebagai berikut:

The details of revaluation of fixed assets are as follows:

71



13. ASET TETAP – Lanjutan

13. FIXED ASSETS – Continued



-

22.337.500.000 8.196.500.000

-

30.534.000.000 23.683.000.000 2.906.762.222

-

26.589.762.222

-

3.944.237.778

Nilai wajar - tanah Nilai wajar - bangunan Jumlah nilai wajar - tanah dan bangunan Nilai buku - tanah Nilai buku bersih - bangunan Jumlah nilai buku tanah dan bangunan S elisih revaluasi aset tetap

Fair value - land Fair value - buildings Total fair value land and buildings Book value - land Net book value - buildings Total book value land and buildings Revaluation increment on fixed assets

Revaluasi yang dilakukan atas tanah menghasilkan penurunan nilai tercatat atas tanah sebesar Rp 1.345.500.000, yang diakui sebagai pengurang surplus revaluasi tanah.

Revaluation on land resulting decrease in carrying amount of land amounting to Rp 1,345,500,000, which recognized as a reduction of revaluation surplus on land.

Revaluasi yang dilakukan atas bangunan menghasilkan jumlah kenaikan nilai tercatat sebesar Rp 5.289.737.778 yang terdiri dari kenaikan nilai bangunan yang dicatat di penghasilan komprehensif lain sebesar Rp 5.757.877.583 dan penurunan nilai bangunan yang diakui sebagai beban tahun berjalan sebesar Rp 468.139.805 (Catatan 25).

Revaluation on buildings resulting increase in the carrying amount of Rp 5,289,737,778 which consists of the increase in the carrying amount of buildings recognized in other comprehensive income amounting to Rp 5,757,877,583 and the decrease in the carrying amount of buildings recognized in the current year expenses amounting to Rp 468,139,805 (Note 25).

Nilai pasar tanah dan bangunan sebesar Rp 30.534.000.000 merupakan yang dapat diobservasi harga jual dari objek yang sejenis dan termasuk dalam hirarki nilai wajar tingkat 2.

Market value of land and buldings amounting to Rp 30,534,000,000 is an observable selling price from similar objects included in the fair value measurement of level 2.

Tanah dan bangunan jika dicatat pada harga perolehan, nilai tercatatnya adalah sebagai berikut:

Land and buildings if it is recorded at historical cost are as follows:

31 Desember 2016/ December 31, 2016 Nilai perolehan - tanah Nilai perolehan bangunan Jumlah nilai perolehan tanah dan bangunan Akumulasi penyusutan - bangunan Jumlah nilai buku tanah dan bangunan


2.959.600.000

2.959.600.000

6.517.521.650

6.517.521.650

9.477.121.650

9.477.121.650

(2.694.653.045)

(2.906.762.222)

6.782.468.605

6.570.359.428

Manajemen berpendapat bahwa tidak terdapat perbedaan yang signifikan antara nilai wajar dan nilai tercatat aset selain tanah dan bangunan jika diukur menggunakan nilai wajar.

72

Acquisition cost - land Acquisition cost buildings Total acquisition cost land and buildings Accumulation depreciation buildings Total book value land and buildings

Management believes that there is no significant difference between the fair value and carrying value of assets other than land and buildings if have been measured at fair value basis.



13. ASET TETAP – Lanjutan

13. FIXED ASSETS - Continued

Bank berdasarkan surat No. 227/BHI.UM/XII/2015 tanggal 7 Desember 2015 mengajukan kepada Kepala Kantor Pelayanan Pajak Madya Jakarta Utara mengenai permohonan penilaian kembali aset tetap untuk tujuan perpajakan yang diajukan pada tahun 2015 oleh wajib pajak yang telah melakukan penilaian kembali aset tetap.

The Bank, based on letter No. 227/BHI.UM/XII/2015 dated December 7, 2015 submitted to the Head of the Medium Tax Office Jakarta Utara regarding the request for revaluation for tax purposes were filed in 2015 by taxpayer who has revalued its fixed assets.

Berdasarkan Peraturan Menteri Keuangan (PMK) No. 191/PMK.010/2015 tanggal 15 Oktober 2015, sebagaimana telah diubah dengan PMK No. 233/PMK.03/2015 tanggal 21 Desember 2015, permohonan yang diajukan sampai dengan tanggal 31 Desember 2015, akan mendapatkan perlakuan khusus berupa pajak penghasilan yang bersifat final menjadi 3%. Sehubungan dengan hal tersebut, Bank melakukan estimasi atas nilai wajar aset tetap berupa tanah dan bangunan, serta kemudian atas kenaikan nilai wajar dibandingkan dengan nilai buku aset tetap yang ada, dilakukan pembayaran pajak sebesar Rp 757.729.675 pada tanggal 16 Desember 2015 yang dicatat dalam akun biaya dibayar dimuka (Catatan 12).

Based on Finance Minister Regulation (PMK) No. 191/PMK.010/2015 dated October 15, 2015, as amended by PMK No. 233/PMK.03/2015 dated December 21, 2015, the petition filed until the date of December 31, 2015, will receive special treatment such as final income tax to be 3%. Regarding to that matter, the Bank estimated the fair value of fixed assets such as land and buildings, as well as later on increase in fair value compared to the book value of existing fixed asset, conducted tax payment amounted to Rp 757,729,675 as of December 16, 2015 recorded in prepaid expenses (Note 12).

Bank memiliki beberapa bidang tanah yang digunakan sebagai kantor pusat dan cabang dengan hak legal berupa Hak Guna Bangunan yang berjangka waktu 1836 tahun dan akan jatuh tempo antara tahun 2016 dan 2027. 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 has several lands as head and branch offices with Building Use Rights (Hak Guna Bangunan) for a period of 18-36 years and will be expired between 2016 to 2027. Management believes that there will be no difficulty in the extension of the land rights since all of these properties were acquired legally and supported by sufficient evidence of ownership.

Aset tetap kecuali tanah diasuransikan terhadap kebakaran dan risiko kerugian lainnya kepada PT Asuransi Allianz Utama Indonesia dan PT Asuransi FPG Indonesia dengan jumlah pertanggungan sebesar Rp 20.487.056.757 untuk periode 31 Desember 2016, dan Rp 19.727.772.737 untuk tahun 2015. Perusahaan asuransi tersebut merupakan pihak ketiga. Manajemen berpendapat bahwa nilai pertanggungan tersebut telah memadai untuk menutup kemungkinan terjadi kerugian.

Fixed assets except for land, are covered by insurance against losses by fire and other risks with amounts insured to PT Asuransi Allianz Utama Indonesia and PT Asuransi FPG Indonesia amounted to Rp 20.487.056.757 as of period December 31, 2016 and Rp 19,727,772,737 for the year 2015. Those insurance companies are third parties. Management believes that the insurance coverage is adequate to cover possible losses.

Pada tanggal 31 Desember 2016 dan 2015, tidak ada aset tetap yang dipakai sementara atau dihentikan dari penggunaan aktif dan tidak diklasifikasikan sebagai tersedia untuk dijual.

As of December 31, 2016 and 2015, there are no fixed assets used temporarily or terminated from active use and not classified as available-for-sale.

Berdasarkan penelaahan aset tetap secara individual pada akhir tahun, manajemen Bank berpendapat bahwa tidak ada indikasi penurunan nilai aset tetap yang dimiliki oleh Bank.

By individual reviewed of fixed assets at the end of the year, the Bank’s management believes there is no indication for impairment in the value of Bank’s fixed assets.

Pada tanggal 31 Desember 2016, jumlah tercatat bruto dari setiap aset tetap yang telah disusutkan penuh dan masih digunakan adalah sebesar Rp 21.919.943.918.

As of December 31, 2016, the gross amount of fixed assets which have been fully depreciated and are still used amounted to Rp 21,919,943,918.

Pada tanggal 31 Desember 2016, jumlah tercatat atas penyusutan revaluasi aset (tidak termaksud pajak) yang dibebankan di penghasilan comprehensif lain sebesar Rp 972.625.272

As of December 31, 2016, the amount of depreciation revaluation assets (exclude tax) that has been expense on other comprehensive income amounted to Rp 972,625,272.

73



14. ASET TAKBERWUJUD

14. INTANGIBLE ASSETS

Aset tak berwujud pada tanggal 31 Desember 2016 dan 2015 terdiri dari:

Intangible assets as of December 31, 2016 and 2015 consisted of the following:

31 Desember 2016/December 31, 2016 1 januari/

31 Desember/

January 1,

P enambahan/

P engurangan/

Reklasifikasi/

December 31,

2016

Additions

Deductions

Reclasification

2016

Harga perolehan: P erangkat lunak Jumlah

Acquisition cost 8.988.948.854

74.250.000

-

-

9.063.198.854

8.988.948.854

74.250.000

-

-

9.063.198.854

Akumulasi amortisasi: P erangkat lunak

Software Total Accumulated amortization:

2.383.134.256

953.539.045

-

-

3.336.673.301

Jumlah

2.383.134.256

953.539.045

-

-

3.336.673.301

Software Total

Jumlah tercatat - bersih

6.605.814.598

5.726.525.553

Net carrying amount

31 Desember 2015/December 31, 2015 1 januari/

31 Desember/

January 1,

P enambahan/

P engurangan/

Reklasifikasi/

December 31,

2015

Additions

Deductions

Reclasification

2015

7.888.948.854

1.100.000.000

7.888.948.854

1.100.000.000

Harga perolehan: P erangkat lunak Jumlah

Acquisition cost 8.988.948.854 -

-

Akumulasi amortisasi: P erangkat lunak

Software

8.988.948.854

Total Accumulated amortization:

1.458.880.730

924.253.526

Jumlah

1.458.880.730

924.253.526

Jumlah tercatat - bersih

6.430.068.124

2.383.134.256 -

-

Software

2.383.134.256

Total

6.605.814.598

Net carrying amount

Aset takberwujud diamortisasi selama 5-10 tahun

Intangible assets are amortized over 5-10 years.

Beban amortisasi untuk tahun yang berakhir 31 Desember 2016 dan 2015 adalah sebesar Rp 953.539.045 dan Rp 924.253.526 yang dibebankan dalam beban umum dan administrasi (Catatan 26a).

Amortization expense charged to general and administrative expenses for the year ended December 31, 2016 and 2015 are amounted to Rp 953,539,045 and Rp 924,253,526 (Note 26a).

74



15. ASET LAIN-LAIN

Agunan yang diambil alih Penetapan pajak dalam proses banding - bersih (Catatan 18c) Uang muka pajak Setoran jaminan Penyelesaian kredit Persediaan buku, barang cetakan dan materai Uang muka konsultan/ profesional Lain-lain Dikurangi: Cadangan kerugian penurunan nilai aset non-keuangan Jumlah - bersih

15. OTHER ASSETS

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

78.439.843.058

38.717.021.602

(1.324.000)

(1.524.000)

Foreclosed assets Taxes assessment under appeal - net (Note 18c) Prepaid taxes Security deposits Loans settlement Inventories of books,printed materials and stamp duty Advance payment of consultant/ professional Others Less: Allowance for impairment losses on non-financial assets

6.338.012.722 3.900.000.000 3.823.930.000 1.796.536.523

4.519.709.579 3.000.000.000 3.823.130.000 1.205.147.548

822.222.245

604.508.968

1.604.579.078

825.000.000 504.157.200

96.723.799.626

53.197.150.897

Total-net

Agunan yang diambil alih

Foreclosed assets

Agunan yang diambil alih merupakan jaminan kredit yang diberikan berupa tanah, bangunan dan kendaraan yang telah diambil alih oleh Bank.

Foreclosed assets represent loan collaterals such as lands, buildings and vehicles that have been foreclosed by the Bank.

Untuk memenuhi Peraturan Bank Indonesia No. 14/15/PBI/2012 tanggal 24 Oktober 2012, Bank telah melakukan upaya penyelesaian atas agunan yang diambil alih.

The Bank has taken actions for the resolution of foreclosed assets as required by Regulation of Bank Indonesia No. 14/15/PBI/2012 dated October 24, 2012.

Hasil penjualan agunan yang diambil alih Nilai buku Keuntungan penjualan agunan yang diambil alih (Catatan 27)

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

8.147.067.675 7.868.803.880

440.000.000 366.450.000

Proceed from sale of foreclosed assets Book value

278.263.795

73.550.000

Gain on sale of foreclosed assets (Note 27)

75



15. ASET LAIN-LAIN – Lanjutan

15. OTHER ASSETS – Continued

Mutasi cadangan kerugian penurunan nilai agunan yang diambil alih adalah sebagai berikut:

The changes in allowance impairment for losses on foreclosed assets are as follows:



Saldo awal tahun Pembentukan (pemulihan) selama tahun berjalan (Catatan 25) Pengurangan selama tahun berjalan

1.524.000

180.874.000

-

-

Decrease during the year

S aldo akhir tahun

1.324.000

1.524.000

Balance at ending of the year

(200.000)

(179.350.000)

Balance at beginning of the year Provision (reversal) during the year (Note 25)

Manajemen berpendapat bahwa jumlah cadangan kerugian penurunan nilai agunan yang diambil alih adalah cukup untuk menutup kerugian yang mungkin timbul.

Management believes that the allowances for impairment losses on foreclosed assets are adequate to cover losses that may arise.

Manajemen berpendapat bahwa saldo agunan yang diambil alih merupakan nilai bersih yang dapat direalisasi.

The management believes that the foreclosed assets balance represents net realizable value.

Setoran jaminan terdiri atas deposit ATM ALTO, deposit line telepon, dan deposit sewa.

Security deposits consist of deposits in ATM ALTO, line telephone deposits and rent deposits.

Lainnya terdiri atas tagihan ATM, appraisal, penyelesaian kredit dan nasabah serta lainnya.

Others consist of ATM, appraisal, loan settlement and customer receivables and others.

16. SIMPANAN NASABAH

16. DEPOSITS FROM CUSTOMERS

Akun ini terdiri dari:

Pihak berelasi Pihak ketiga Jumlah

This account consists of: 31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

20.347.629.509 1.548.130.209.151 1.568.477.838.660

76

8.230.961.290 1.585.961.304.597 1.594.192.265.887

Related parties Third parties Total



16. SIMPANAN NASABAH - Lanjutan

16. DEPOSITS FROM CUSTOMERS - Continued

Simpanan nasabah berdasarkan jenis dan mata uang terdiri dari:

Giro Tabungan Deposito berjangka Jumlah

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

130.797.824.828 109.666.938.818 1.328.013.075.014 1.568.477.838.660

a. Giro terdiri dari:

Pihak berelasi Pihak ketiga Jumlah Tingkat suku bunga rata-rata per tahun Rupiah

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

7.084.455.358 123.713.369.470 130.797.824.828

2,75%

b. Tabungan terdiri dari:

Pihak ketiga Tabungan Super Tabungan Harda Tabungan Super Plan Tabunganku Tabungan Escrow Tabungan Karyawan Jumlah pihak ketiga Jumlah Tabungan Tingkat suku bunga rata-rata per tahun Rupiah

138.369.771.873 102.299.956.553 1.353.522.537.461 1.594.192.265.887

Demand deposits Saving deposits Time deposits Total

a. Demand deposits consists of:

Tidak terdapat giro yang diblokir dan dijadikan jaminan kredit pada tanggal 31 Desember 2016 dan 31 Desember 2015.

Pihak berelasi Tabungan Super Tabungan Harda Tabunganku Tabungan Super Plan Tabungan Escrow Jumlah pihak berelasi

Deposits from customers by type and currency consists of:

1.618.495.907 136.751.275.966 138.369.771.873

3,50%

Related parties Third parties Total The average interest rates per annum Rupiah

There were no demand deposits blocked and pledged as loan collateral as of December 31, 2016 and December 31, 2015. b. Saving deposits consists of:

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

2.486.573.464 60.938.507 29.756.014 125.080.313 4.231.699,00 2.706.579.997

859.703.392 148.994.740 132.202.869 75.103.837 1.681.624 1.217.686.462

80.069.539.357 7.304.388.749 15.360.458.646 3.234.976.138 869.591.151 121.404.780 106.960.358.821 109.666.938.818

81.784.718.942 10.125.031.831 5.950.023.263 2.646.947.942 519.847.844 55.700.269 101.082.270.091 102.299.956.553

3,00%

77

3,40%

Related parties Super Saving Harda Saving Tabunganku Saving Super Plan Saving Escrow Saving Total related parties Third parties Super Saving Harda Saving Super Plan Saving Tabunganku Saving Escrow Saving Employee Saving Total third parties Total Saving deposits The average interest rates per annum Rupiah





Simpanan nasabah berdasarkan jenis dan mata uang terdiri dari: c. Deposito berjangka terdiri dari:

Pihak berelasi Pihak ketiga Jumlah

Deposits from customers by type and currency consists of:

c. Time deposits consists of:

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

10.556.594.154 1.317.456.480.860 1.328.013.075.014

5.394.778.921 1.348.127.758.540 1.353.522.537.461

Related parties Third parties Total

Perincian deposito berjangka berdasarkan jatuh tempo pada tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut:

The details of time deposits as of December 31, 2016 and 2015 by maturity are as follows:

Berdasarkan periode deposito berjangka:

By period of time deposits:

Pihak berelasi 1 minggu 1 bulan 3 bulan 6 bulan Jumlah pihak berelasi

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

7.030.980.800 3.097.035.205 428.578.149 10.556.594.154

4.494.766.275 500.000.000 400.012.646 5.394.778.921

Related parties 1 week 1 month 3 months 6 months Total related parties

Pihak ketiga 1 minggu 1 bulan 3 bulan 6 bulan 12 bulan Jumlah pihak ketiga

6.300.000.000 891.275.625.225 317.463.058.979 42.506.280.156 59.911.516.500 1.317.456.480.860

24.596.141.947 1.002.964.977.127 231.393.390.386 48.633.896.291 40.539.352.789 1.348.127.758.540

Third parties 1 week 1 month 3 months 6 months 12 months Total third parties

Jumlah

1.328.013.075.014

1.353.522.537.461

Total

78





c. Deposito berjangka terdiri dari:

c. Time deposits consists of:

Berdasarkan sisa umur jatuh tempo:

By period of time deposits: 31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

Pihak berelasi Sampai dengan 1 bulan Lebih dari 1 - 3 bulan Lebih dari 3 - 6 bulan Jumlah pihak berelasi

7.030.980.800 3.097.035.205 428.578.149 10.556.594.154

4.494.766.275 500.000.000 400.012.646 5.394.778.921

Related parties Until 1 month Over 1 - 3 months Over 3 - 6 months Total related parties

Pihak ketiga Sampai dengan 1 bulan Lebih dari 1 - 3 bulan Lebih dari 3 - 6 bulan Lebih dari 6 - 12 bulan Jumlah pihak ketiga

897.575.625.225 317.463.058.979 42.506.280.156 59.911.516.500 1.317.456.480.860

1.027.561.119.074 231.393.390.386 48.633.896.291 40.539.352.789 1.348.127.758.540

Third parties Until 1 month Over 1 - 3 months Over 3 - 6 months Over 6 - 12 months Total third parties

Jumlah

1.328.013.075.014

1.353.522.537.461

Total

Tingkat suku bunga rata-rata per tahun Rupiah

8%

Jumlah deposito berjangka yang diblokir dan dijadikan jaminan kredit pada tanggal 31 Desember 2016 dan 2015 masing-masing adalah sebesar Rp 161.135.000.000 dan Rp 202.624.000.000. 17. SIMPANAN DARI BANK LAIN


Pihak ketiga Giro Deposito Jumlah pihak ketiga Jumlah

Total time deposits which are blocked and pledged as loan collateral as of December 31, 2016 and 2015 amounted to Rp 161,135,000,000 and Rp 202,624,000,000, respectively. 17. DEPOSITS FROM OTHER BANKS

Simpanan dari bank lain berdasarkan mata uang dan pihak berelasi terdiri dari:

Rupiah Pihak berelasi Giro Jumlah pihak berelasi

9%

The average interest rates per annum Rupiah

Deposits from other banks based on currency and related parties consists of:


2.210.277.994 2.210.277.994

1.409.393.093 1.409.393.093

Rupiah Related parties Giro Demand deposits Total related parties

23.180.039.343 45.489.689.238 68.669.728.581 70.880.006.575

18.677.927.862 58.617.000.000 77.294.927.862 78.704.320.955

Third parties Demand deposits Deposits Total third parties Total

79



17. SIMPANAN DARI BANK LAIN

17. DEPOSITS FROM OTHER BANKS

Deposito berdasarkan jangka waktu terdiri dari:

Time deposits based on period consists of:

31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

Deposito 1 bulan 3 bulan Jumlah

36.615.082.140 8.874.607.098 45.489.689.238

23.617.000.000 35.000.000.000 58.617.000.000

Tingkat suku bunga rata-rata per tahun (Rupiah):

The average interest rates per annum (Rupiah):

31 Desember 2016/ December 31, 2016 Giro Deposito


2,75% 7,75%

3,50% 9%

Tidak ada simpanan dari bank lain yang diblokir dan/atau dijadikan jaminan kredit dan transaksi/fasilitas perbankan lainnya pada tanggal 31 Desember 2016 dan 2015. 18. PERPAJAKAN

Demand deposits Deposits

There are no deposits from other banks blocked and/or pledged as loan collateral as of December 31, 2016 and 2015.

18. TAXATION

a. Utang pajak

a. Taxes payable 31 Desember 2016/

31 Desember 2015/

December 31, 2016

December 31, 2015

Pajak penghasilan Pasal 4 (2) Pasal 21 Pasal 25 Pasal 23 Pasal 29 Jumlah

1.697.498.781 193.661.042 15.750.700 1.906.910.523

b. Beban pajak

2.102.536.622 463.469.747 250.000.000 56.489.083 2.872.495.452

Income taxes: Article 4 (2) Article 21 Article 25 Article 23 Article 29 Total

b. Tax expenses

Manfaat (beban) pajak Bank terdiri dari:

Tax benefit (expenses) of the Bank consists of:

31 Desember 2016 December 31, 2016 Pajak kini Pajak tangguhan Jumlah

Time deposits 1 month 3 months Total

(3.791.824.583) (3.791.824.583)

Rekonsiliasi antara laba sebelum pajak penghasilan menurut laporan laba rugi dan penghasilan komprehensif lain dengan laba fiskal yang dihitung oleh Bank untuk tahun yang berakhir 31 Desember 2016 dan 2015 adalah sebagai berikut:

80

31 Desember 2015 December 31, 2015 14.018.772.292 14.018.772.292

Current tax Deferred tax Total

The reconciliation of income before income tax in accordance to statements of profit or loss and other comprehensive income with the estimated taxable income for the year ended December 31, 2016 and 2015 are as follows:



18. PERPAJAKAN – Lanjutan

18. TAXATION – Continued

b. Beban pajak - Lanjutan

b. Tax expenses - Continued

31 Desember 2016 December 31, 2016 Laba (rugi) sebelum Pajak penghasilan badan Beda waktu: Penyusutan aset tetap dan amortisasi aset tak berwujud Imbalan pasca kerja Penurunan nilai aset tetap akibat revaluasi Beban cadangan lainnya Jumlah Beda tetap: Tunjangan PPh pasal 21 Sumbangan Penyisihan (pemulihan) penurunan nilai agunan yang diambil alih Lainnya Jumlah Laba (rugi) fiskal Rugi fiskal tahun 2015 Rugi setelah kompensasi Beban pajak penghasilan badan Dikurangi: Pajak dibayar dimuka : PPh pasal 25 Kurang (lebih) bayar pajak penghasilan badan

10.878.857.710

(59.996.978.654)

(508.793.261) 2.032.667.908

(1.640.670.675) 2.781.233.627

(16.650.000) 1.507.224.647

468.139.805 16.650.000 1.625.352.757

3.469.192.581 151.879.890

3.991.355.728 109.883.759

667.368.151 4.288.440.622 16.674.522.979 (52.540.543.020) (35.866.020.041) -

(179.350.000) 1.909.193.390 5.831.082.877 (52.540.543.020) -

900.000.000

3.000.000.000

(900.000.000)

(3.000.000.000)

Rekonsiliasi antara beban (manfaat) pajak dan hasil perkalian laba akuntansi sebelum pajak dengan tarif pajak yang berlaku adalah sebagai berikut:

Laba sebelum pajak penghasilan Tarif pajak yang berlaku Koreksi saldo awal Pengaruh pajak atas penghasilan yang tidak dapat diperhitungkan menurut fiskal Beban (manfaat) pajak

31 Desember 2015 December 31, 2015 Income (loss) before corporate income tax Temporary differences: Depreciation of fixed assets and amortization of intangible aset Post-employee benefits Impairment on fixed assets from revaluation Other reserve expenses Total Permanent differences: Allowance of tax article 21 Donations Provision (reversal) of impairment losses of foreclosed assets Others Total income (loss) Fiscal loss year 2015 loss after compensation Corporate income tax expense Less : Prepaid taxes : Article 25 Under (over) payment corporate income tax

Reconciliation between the total tax expense (benefit) and the amounts computed by applying the effective tax rates to income tax are as follows:

31 Desember 2016 December 31, 2016


10.878.857.710 2.719.714.428 -

(59.996.978.654) (14.999.244.664) (477.298.348)

Income before tax income Tax rate Correction of beginning balance

1.072.110.156 3.791.824.583

1.457.770.719 (14.018.772.293)

Non-taxable income Tax expense (benefit)

Perhitungan Pajak Penghasilan Badan tahun 2015 sesuai dengan yang telah dilaporkan Bank dalam Surat Pemberitahuan Tahun (“SPT”) kepada kantor layanan pajak.

81

The calculation of Corporate Income Tax in 2015, conform with the amounts that had been reported by the Bank to the tax office in its Annual Tax Return (“SPT”).


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 18. TAXATION – Continued

18. PERPAJAKAN - Lanjutan c. Surat ketetapan pajak

c. Tax assessment letters

Pemeriksaan pajak tahun 2007

Assessment for fiscal year 2007

Pada tanggal 27 Nopember 2012, Bank menerima Berita Acara Pembahasan Akhir Hasil Pemeriksaan Pajak tahun fiskal 2007 yang menetapkan kurang bayar atas pajak penghasilan badan pasal 29, pajak penghasilan pasal 23 dan pajak pertambahan nilai dengan jumlah sebesar Rp 8.070.964.410, yang terdiri dari:

On November 27, 2012, the Bank received Minutes of Final Meeting on Tax Audit Result for the fiscal year 2007 that confirmed the underpayment of corporate income tax article 29, income tax article 23, and value added tax amounted to Rp 8,070,964,410, which consists of:

No. 1. 2. 3. 4.

Jenis Pajak/Type of Tax

No. S KPKB

PPh Badan/Corporate income tax PPN Barang dan Jasa/VAT Goods and services PPh pasal 23/Income tax article 23 PPN Barang dan Jasa/VAT Goods and services

00004/206/07/046/12 00016/107/07/046/12 00018/203/07/046/12 00037/207/07/046/12

Jumlah/Total

Jumlah/Amount 4.660.906.280 331.610.588 624.529.188 2.453.918.354 8.070.964.410

Setelah melakukan evaluasi atas surat ketetapan pajak tersebut dan walaupun Bank tidak setuju terhadap sebagian temuan tersebut, Bank telah membayar seluruh kekurangan pembayaran pajaknya pada tanggal 21 Desember 2012.

After evaluating the tax assessment letter, and even though the Bank did not agree to some tax findings, the Bank has fully paid the underpayment amount as of December 21, 2012.

Direktorat Jenderal Pajak melalui suratnya tertanggal 20 Desember 2013, menolak keberatan yang diajukan oleh Bank atas Surat Ketetapan Pajak Kurang Bayar (SKPKB) pajak penghasilan badan pasal 29, pajak penghasilan pasal 23 dan pajak pertambahan nilai. Berdasarkan keputusan Direktorat Jenderal Pajak tersebut, Bank telah mengajukan permohonan banding ke Pengadilan Pajak pada tanggal 7 Maret 2014.

The Directorate General of Taxation through its letter dated December 20, 2013, has been rejected the objection submitted by the Bank on tax underpayment assessment letter of corporate income tax article 29, income tax article 23, and value added tax. Based on the decision of the Directorate General of Taxation, the Bank has been submitted an appeal to the Tax Court on March 7, 2014.

Berdasarkan Surat Teguran No. ST-01347/WPJ.21/KP.0604/2013 tertanggal 18 Desember 2013, Bank memiliki tunggakan pajak atas SKPKB No. 00004/206/07/046/12 atas pemeriksaan pajak penghasilan badan pasal 29 untuk tahun pajak 2007 sebesar Rp 11.100.000. Pada 8 Januari 2014, Bank telah membayar tunggakan pajak tersebut.

Based on the Warning Letter No. ST01347/WPJ.21/KP.0604/2013 dated December 18, 2013, the Bank had tax arrears of tax underpayment assessment letter No. 00004/206/07/046/12 on assessment of corporate income tax article 29 for fiscal year 2007 amounting to Rp 11,100,000. On January 8, 2014, the Bank has paid the tax arrears.

Berdasarkan putusan Pengadilan Pajak No.Put.60172/PP/M.XIIB/16/2015 tertanggal 16 Maret 2015, Pengadilan Pajak telah menerima sebagian permohonan banding Bank atas pajak penghasilan badan pasal 29 dan pajak pertambahan nilai. Sehubungan dengan putusan tersebut, Bank telah menerima pengembalian pajak sebesar Rp 2.300.390.190 pada tanggal 25 Mei 2015. Atas putusan banding tersebut, Bank sedang berupaya melakukan proses peninjauan kembali ke Mahkamah Agung atas pajak penghasilan badan pasal 29 dan pajak penghasilan pasal 23.

Based on the Tax Court’s decision No. Put.60172/PP/M.XIIB/16/2015 dated March 16, 2015, the Tax Court has partially accepted the Bank’s appeal of corporate income tax article 29 and value added tax. Accordance with the decision, the Bank has received the tax refund amounted to Rp 2,300,390,190 on May 25, 2015. Upon the appeal decision, the Bank is trying to make the process of judicial review to the Supreme Court on corporate income tax article 29 and income tax article 23.

82


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 18. TAXATION – Continued

18. PERPAJAKAN - Lanjutan

c. Tax assessment letters – Continued

c. Surat ketetapan pajak - Lanjutan Berdasarkan putusan banding tertanggal 16 Maret 2015, pada tanggal 11 Mei 2015 Bank telah mengajukan permohonan pengurangan atau pembatalan Surat Tagihan Pajak atas Pajak Pertambahan Nilai No. 00016/107/07/046/12 tertanggal 27 Nopember 2012 untuk masa pajak Januari sampai dengan Desember 2007 dari yang semula sebesar Rp 331.610.588 menjadi sebesar Rp 21.818.709.

Based on the appeal’s decision dated March 16, 2015, on May 11, 2015, the Bank has applied for a reduction or cancellation of Tax Collection Letter on Value Added Tax No. 00016/107/07/046/12 dated November 27, 2012 for the tax period January 2007 to December 2007 from the original amount Rp 331,610,588 to Rp 21,818,709.

Mahkamah Agung telah mengabulkan permohonan bank mengenai Perkara Peninjauan Kembali Pajak untuk kasus Pajak Tahun 2007. Hasil keputusan Mahkamah Agung adalah sebagai berikut :

The Supreme Court has granted the request of the bank regarding the Review of the Case of Tax for Tax Year 2007. The cases of the Supreme Court decision is as follows:

No. Jenis Pajak/Type of Tax 1. PPh Badan/ Corporate income tax 2. PPN Barang dan Jasa/ VAT Goods and services 3. PPh pasal 23/ Income tax article 23 4. PPN Barang dan Jasa/ VAT Goods and services

Nomor Registrasi/ Registration Number.

Tanggal/ Date

714/B/PK/PJK/2016

28 Juli 2016/ July 28, 2016 28 Juli 2016/ July 28, 2016 11 Agustus 2016 August 11, 2016

688/B/PK/PJK/2016

28 Juli 2016/ July 28, 2016

686/B/PK/PJK/2016 688/B/PK/PJK/2016

Jumlah/Total

Hasil keputusan Mahkamah Agung/ The Result of decree Supreme Court

1.281.614.732 2.760.580 624.529.188 20.428.292 1.929.332.792

Berdasarkan hasil keputusan tersebut, Bank mendapatkan potensi imbalan bunga sebesar 2% sebulan yang dihitung sejak tanggal pembayaran sampai dengan diterbitkannya Putusan Peninjauan Kembali. Imbalan bunga tersebut sebesar Rp 1.168.075.230 dan Rp 1.627.387.943 atas kelebihan pembayaran pajak PPN barang dan jasa, dan kelebihan pembayaran PPh badan tahun 2007.

Based on the results of the decision, the Bank earn rewards potential interest of 2% per month calculated from the payment date until the publication of the Review Decision. The interest in exchange for Rp 1,168,075,230 and Rp 1,627,387,943 for overpayment of VAT for goods and services, and the overpayment of corporate income tax in 2007.

Berdasarkan hasil keputusan Mahkamah agung atas Kelebihan pembayaran atas PPN barang dan jasa serta PPh badan tahun 2007, Bank memiliki potensi restitusi pajak sebesar Rp 3.382.461.264 dan Rp 141.030.156.

Based on the results of the Supreme Court decision on overpayment of VAT for goods and services as well as corporate income tax in 2007, the Bank has the potential tax refunds amounting to Rp 3,382,461,264 and Rp 141,030,156.

83




18. TAXATION - Continued

Pemeriksaan pajak tahun 2012

Assessment for fiscal year 2012

Berdasarkan Surat Pemberitahuan Hasil Pemeriksaan No. PHP-006/WPJ.02/KP/10/2015 tertanggal 20 Januari 2015 dan Risalah Pembahasan Hasil Akhir Pemeriksaan Pajak tertanggal 10 Pebruari 2015 yang dikeluarkan oleh Kantor Pelayanan Pajak Madya Pekanbaru, yang menetapkan kurang bayar (SKPKB) atas pajak penghasilan pasal 4 ayat 2 untuk masa dan tahun pajak Januari – Desember 2012 dengan jumlah total yang harus dibayar Rp 469.878.894 termasuk sanksi administrasi. Bank belum melakukan pembayaran atas ketetapan kurang bayar tersebut dan pada tanggal 4 Mei 2015, Bank telah mengajukan keberatan atas SKPKB tersebut dan belum terdapat tanggapan yang telah dikomunikasikan kepada Bank.

Based on Notification Letter of Tax Audit Finding No. PHP-006/WPJ.02/KP/10/2015 dated January 20, 2015 and Minutes of Final Meeting on Tax Audit Result dated February 10, 2015 by Medium Tax Office of Pekanbaru, that confirmed the underpayment of income tax article 4 (2) for the period and fiscal year January - December 2012 amounting of Rp 469,878,894 that should be paid, including administrative penalty. The Bank has not made payment for the tax underpayment assessment and as of May 4, 2015, the Bank has submitted the objection letter for the tax assessment letter and no results have been communicated to the Bank.

Pada tanggal 14 Januari 2016, Bank menerima surat Pemberitahuan Permohonan Peninjauan Kembali dan Penyerahan Memori Peninjauan Kembali No. MPK.2258/PAN.Wk/2016 tertanggal 13 Januari 2016 dari Kepaniteraan Pengadilan Pajak. Dimana Direktorat Jenderal Pajak telah menyampaikan permohonan peninjauan kembali kepada Pengadilan Pajak melalui suratnya No.S-3828/PJ.07/2015 tanggal 26 Juni 2015 atas Putusan Pengadilan Pajak No. Put.60172/PP/M.XIIB/16/2015. Atas surat pemberitahuan tersebut, Bank telah memberikan Kontra Memori Peninjauan Kembali No.010/BHI.UM/II/2016 pada tanggal 3 Pebruari 2016. Dalam kontra memori tersebut, Bank menyatakan menolak seluruh dalil yang disampaikan oleh Direktorat Jenderal Pajak kecuali yang secara tegas diakui kebenarannya. Sehubungan dengan kontra memori tersebut, belum terdapat tanggapan yang telah dikomunikasikan kepada Bank.

On January 14, 2016, the Bank received a letter of Notification on Judicial Review Request and Submission Memory on Judicial Review Request No. MPK.-2258/PAN.Wk/2016 dated January 13, 2016 from the Registrar of the Tax Court. Where the Directorate General of Taxation has submitted a judicial review request to the Tax Court on its letter No. S-3828/PJ.07/2015 dated June 26, 2015 on Tax Court Decision No. Put.60172/PP/M.XIIB/16/2015. Regarding to the notification letter, the Bank has provided Judicial Review Contra Memorandum No.010/BHI.UM/II/2016 on February 3, 2016. In the contra memory, the Bank rejected all of arguments submitted by the Directorate General of Taxes except as expressly recognized the truth. Regarding to the contra memory, no result has been communicated to the Bank.

d. Pajak tangguhan

d. Deferred tax Dibebankan (dikreditkan) ke penghasilan komprehensif

Aset (liabilitas) pajak

Dibebankan

lain/

(dikreditkan) ke

Charged

laba rugi/

(credited) to other

tangguhan/

31 Desember 2015/

Koreksi/

Charged (credited)

comprehensive

31 Desember 2016/

Deferred tax assets (liabilities)

December 31, 2015

Correction

to profit or loss

income

Desember 31, 2016

P enyusutan, penurunan nilai dan surplus revaluasi aset tetap/ Depreciation, impairment and surplus revaluation of fixed assets

(1.892.872.663)

-

(127.198.315)

53.723.899

(1.966.347.079)

3.687.376.765

-

508.166.977

181.026.682

4.376.570.424

Liabilitas imbalan pascakerja/ Post-employment benefits obligation Beban cadangan lainnya/ Others reserve expenses

4.162.500

-

(4.162.500)

-

-

Rugi fiskal/Fiscal losses

13.135.135.754

-

(4.168.630.745)

-

8.966.505.009

Jumlah/Total

14.933.802.356

-

(3.791.824.583)

234.750.581

11.376.728.353

84




18. TAXATION - Continued d. Deferred tax – Continued

d. Pajak tangguhan - Lanjutan

Aset (liabilitas) pajak tangguhan/ Deferred tax assets (liabilities) Penyusutan, penurunan nilai dan surplus revaluasi aset tetap/ Depreciation, impairment and surplus revaluation of fixed assets Liabilitas imbalan pascakerja/ Post-employment benefits obligation Beban cadangan lainnya/ Others reserve expenses Rugi fiskal/Fiscal losses Jumlah/Total


Dibebankan (dikreditkan) ke laba rugi/ Charged (credited) to profit or loss

Koreksi/ Correction

Dibebankan (dikreditkan) ke penghasilan komprehensif lain/ Charged (credited) to other comprehensive income


(637.568.898)

477.298.348

(293.132.717)

(1.439.469.396)

(1.892.872.663)

3.465.255.343

-

695.308.407

(473.186.985)

3.687.376.765

-

-

4.162.500 13.135.135.754

-

4.162.500 13.135.135.754

2.827.686.445

477.298.348

13.541.473.944

(1.912.656.381)

14.933.802.356

Manajemen Bank berpendapat bahwa seluruh aset pajak tangguhan dapat dipulihkan ditahun-tahun mendatang.

19. BUNGA YANG MASIH HARUS DIBAYAR

The Bank’s Management believes that the total deferred tax assets are recoverable in the future years.

19. ACCRUED INTEREST

Merupakan bunga yang masih harus dibayar atas simpanan nasabah dan bank lain.

Represents accrued interest of deposits from customers and other banks

Rincian bunga yang masih harus dibayar pada 31 Desember 2016 dan 2015 adalah sebagai berikut:

The details of accrued interest as of December 31,2016 and 2015 are as follows:

31 Desember 2016 December 31, 2016 Deposito Jumlah

6.096.401.417 6.096.401.417

85

31 Desember 2015 December 31, 2015 6.952.714.843 6.952.714.843

Time Deposit Total



20. LIABILITAS IMBALAN PASCA–KERJA

20. POST-EMPLOYMENT BENEFITS LIABILITIES

Bank memberikan imbalan pasca-kerja kepada karyawan tetap yang memenuhi kriteria yang telah ditetapkan atau telah mencapai usia pensiun normal pada umur 55 tahun sesuai dengan Undang-Undang No. 13 Tahun 2003 tertanggal 25 Maret 2003. Dasar perhitungan manfaat Undang-Undang Ketenagakerjaan ini menggunakan gaji pokok terkini. Imbalan tersebut tidak didanai.

The Bank provides post-employment benefits to its permanent employees who meet the criteria or reaches the mandatory retirement age of 55 years in accordance with Law No. 13 Year 2003, dated March 25, 2003. The calculation basis of this Labor Law benefit is the current basic salary. The benefits are unfunded.

Jumlah karyawan yang berhak atas imbalan pasti pascakerja tersebut masing-masing sebanyak 281 karyawan pada tanggal 31 Desember 2016 dan 31 Desember 2015.

The numbers of eligible employees for post- employment benefit are 281 employees as of December 31, 2016 and December 31, 2015, respectively.

Seluruh jumlah yang disajikan di bawah ini didasarkan pada laporan penilaian aktuaria yang diperoleh dari PT Dayamandiri Dharmakonsilindo, aktuaris independen, dengan laporan aktuaria tertanggal 28 Desember 2016 untuk 31 Desember 2016 dan 22 Desember 2015 untuk 31 Desember 2015.

All amounts presented below are based on the actuarial valuation report obtained from PT Dayamandiri Dharmakonsilindo, an independent actuary, with the actuarial report dated December 28, 2016 for year December 31, 2016 and December 22, 2015 for year December 31 2015.

Beban liabilitas imbalan pasca-kerja yang diakui dalam laporan laba rugi dan penghasilan komprehensif lain adalah sebagai berikut:

Post-employment benefits expense recognized in the statements of profit or loss and other comprehensive income are as follow :

31 Desember 2016 December 31, 2016 Biaya jasa kini Biaya bunga Biaya jasa lalu Provisi untuk kelebihan pembayaran Jumlah

1.954.359.199 1.286.465.494 29.259.515 651.311.141 3.921.395.349

Mutasi nilai kini liabilitas adalah sebagai berikut:

31 Desember 2015 December 31, 2015 2.548.675.545 1.130.423.229 337.544.729 190.823.569 4.207.467.072

Current service cost Interest cost Past service cost Provision for excess benefit payment Total

The movement in present value of obligation are as follows:



Saldo awal nilai kini liabilitas Biaya jasa kini Biaya bunga Biaya jasa lalu Pembayaran selama tahun berjalan (keuntungan) kerugian aktuarial yang timbul dari : - asumsi keuangan - asumsi pengalaman - asumsi demografi

14.749.507.059 1.954.359.199 1.286.465.494 29.259.515

13.861.021.372 2.548.675.545 1.130.423.229 337.544.729

(1.237.416.300)

(1.235.409.876)

1.130.227.156 (406.120.428) -

(3.415.419.015) 1.600.019.827 (77.348.752)

Jumlah

17.506.281.695

14.749.507.059

86

Beginning present value of obligation Current service cost Interest cost Past service cost Payment during the year Acturarial (gains) losses arising from : Financial assumption experience assumption demographic assumption Total

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 20. LIABILITAS Lanjutan

IMBALAN

PASCA–KERJA

PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) -

20. POST-EMPLOYMENT BENEFITS LIABILITIES Continued

Program ini memberikan eksposur risiko aktuarial terhadap Bank seperti risiko suku bunga dan gaji.

The program provides actuarial risk exposure to the Bank such as interest rate risk and salary risk.

Risiko Suku Bunga

Interest Rate Risk

Nilai kini kewajiban imbalan pasti dihitung dengan menggunakan tingkat diskonto ditentukan dengan mengacu pada tingkat pengembalian pasar atas obligasi pemerintah. Umumnya, penurunan suku bunga dari obligasi pemerintah akan meningkatkan kewajiban program.

The present value of the defined benefits obligation is calculated using a discount rate determined by reference to market yields of government bonds. Generally, a decrease in the interest rate of a government bonds will increases the plan obligation.

Risiko Tingkat Kenaikan Gaji

Salary Rate Risk

Nilai kini kewajiban imbalan pasti dihitung dengan estimasi tingkat kenaikan gaji, semakin tinggi tingkat kenaikan gaji akan menyebabkan semakin besarnya kewajiban.

The present value of the defined benefit is calculated using the estimated of salary growth rate, higher salary growth rate will lead to higher obligation.

Asumsi utama yang digunakan dalam menentukan penilaian aktuaria pada tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut:

The actuarial valuation as of December 31, 2016 dan 2015 were carried out using the following key assumptions:

Tingkat diskonto/Discount rate

:

8,10 % tahun 2016/in 2016 9,07% tahun 2015/in 2015

Tingkat kenaikan gaji/Salary increment rate

:

5,00% tahun 2016/in 2016 5,00% tahun 2015/in 2015

Tingkat kemungkinan cacat/Disability rate

:

10% tahun 2016 dan 2015/in 2016 and 2015 5,00% tahun 2015/in 2015

Tingkat kematian/Mortality rate

:

TMI-2011 dengan perbaikan, tahun 2016/with recovery, in 2016. TMI - 2011 dengan pengembangan, tahun 2015/ with improvement, in 2015

Tingkat pengunduran diri/Resignation rate

:

0,10% 20-29 tahun/years old 0,05% 30-39 tahun/years old 0,03% 40-44 tahun/years old 0,02% 45-49 tahun/years old 0,01% 50-54 tahun/years old

Usia pensiun normal/Normal retirement age

55 tahun/years old

Asumsi aktuarial yang signifikan untuk penentuan kewajiban imbalan pasti adalah tingkat diskonto dan kenaikan gaji yang diharapkan. Sensitivitas analisis di bawah ini ditentukan berdasarkan masing-masing perubahan asumsi yang mungkin terjadi pada akhir periode pelaporan, dengan semua asumsi variabel lain konstan.

87

Significant actuarial assumptions for the determination of the defined obligation are discount rate and expected salary increase. The sensitivity analysis below has been determined based on reasonably possible changes of the respective assumptions occurring at the end, and other variable assumption are constant.

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 20. LIABILITAS Lanjutan

IMBALAN

PASCA–KERJA


20. POST-EMPLOYMENT BENEFITS LIABILITIES – Continued

Suku Bunga/ Discount Rate

Analisis Sensitifitas Tingkat Diskonto/ Sensitivity Analysis of Discount Rate Kenaikan suku bunga 1%/ Increase of 1% the discount rate Penurunan suku bunga 1%/ Decrease of 1% the discount rate Analisis Sensitifitas Kenaikan Gaji/ Sensitivity Analysis of Salary Increase Kenaikan suku bunga 1%/ Increase of 1% the discount rate Penurunan suku bunga 1%/ Decrease of 1% the discount rate

Nilai Kini Kewajiban imbalan pasti/ Present value of benefits obligation

9,10%

16.417.649.492

7,10%

18.718.850.072

6,00%

18.744.909.924

4,00%

16.376.932.414

Analisis sensitivitas yang disajikan di atas mungkin tidak mewakili perubahan yang sebenarnya dalam kewajiban imbalan pasti mengingat bahwa perubahan asumsi terjadinya tidak terisolasi satu sama lain karena beberapa asumsi tersebut mungkin berkorelasi.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Selanjutnya, dalam menyajikan analisis sensitivitas di atas, nilai kini kewajiban imbalan pasti dihitung dengan menggunakan metode projected unit credit pada akhir periode pelaporan, yang sama dengan yang diterapkan dalam menghitung liabilitas manfaat pasti yang diakui dalam laporan posisi keuangan.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in liability recognized in the statements of financial position.

Rata-rata durasi kewajiban imbalan pasti pada tanggal 31 Desember 2016 dan 31 Desember 2015 adalah 9,38 tahun dan 9,47 tahun.

The weighted average duration of the defined benefit obligation as of December 31, 2016 and December 31, 2015 is 9.38 years and 9.47 years.

Perkiraan analisis jatuh tempo atas imbalan pensiun tidak terdiskonto per 31 Desember 2016 dan 31 Desember 2015 adalah sebagai berikut

Expected maturity analysis of undiscounted pension benefit as of December 31, 2016 and December 31, 2015 is presented below:

Sampai dengan 1 tahun/ Until 1 year

31 Desember 2016/December 31, 2016 Lebih dari 5 tahun/ 1-2 tahun/ 2-5 tahun/ More than 1-2 years 2-5 years 5 years

Jumlah/ Total

Imbalan pensiun

1.240.094.557

1.543.365.543

5.755.699.134

26.713.733.308

35.252.892.542

Jumlah

1.240.094.557

1.543.365.543

5.755.699.134

26.713.733.308

35.252.892.542

Sampai dengan 1 tahun/ Until 1 year

31 Desember 2015/December 31, 2015 Lebih dari 5 tahun/ 1-2 tahun/ 2-5 tahun/ More than 1-2 years 2-5 years 5 years

Total

Jumlah/ Total

Imbalan pensiun

1.131.528.023

1.075.534.097

5.403.744.177

23.997.278.098

31.608.084.395

Jumlah

1.131.528.023

1.075.534.097

5.403.744.177

23.997.278.098

31.608.084.395

88

Pension benefits

Pension benefits Total



21. LIABILITAS LAIN-LAIN

21. OTHER LIABILITIES 31 Desember 2016 December 31, 2016

Safe Deposit Box Lain-lain Jumlah


870.550.000 870.550.000

783.000.000 16.650.000 799.650.000

Safe Deposit Box Others Total

22. MODAL SAHAM, TAMBAHAN MODAL DISETOR, CADANGAN UMUM DAN DIVIDEN

22. CAPITAL STOCKS, ADDITIONAL PAID-IN CAPITAL, GENERAL RESERVE AND DIVIDENDS

Komposisi pemegang saham Bank dan masing – masing kepemilikan pada tanggal 31 Desember 2016 dan 2015 adalah sebagai berikut:

The composition of Bank’s shareholders and their respective share holdings as of December 31, 2016 and 2015 are as follows:

31 Desember 2016 dan 2015/December 31, 2016 and 2015 Jumlah lembar Persentase Jumlah nilai saham/ kepemilikan/ saham/ Number of Percentage Total amount of shares of ownership shares PT Hakim Putraperkasa Kwee Sinto M asyarakat (kepemilikan dibawah (5%)

2.651.961.000 198.039.000

72,66% 5,42%

265.196.100.000 19.803.900.000

800.000.000

21,92%

80.000.000.000

Jumlah/Total

3.650.000.000

100%

365.000.000.000

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Bank Harda Internasional Tbk No. 45 tanggal 19 Desember 2014 yang dibuat di hadapan notaris Edward Suharjo Wiryomartani, S.H., M.Kn., notaris, di Jakarta, para pemegang saham telah menyetujui untuk:

Based on the Deed of Shareholders’ Decision Statement of PT Bank Harda Internasional Tbk No. 45 dated December 19, 2014 that was made in the presence of Edward Suharjo Wiryomartani, S.H., M.Kn., notary, in Jakarta, the shareholders have agreed to:

 Meningkatkan modal dasar yang semula Rp 200.000.000.000 menjadi Rp 1.000.000.000.000;  Meningkatkan modal disetor yang semula Rp 146.600.000.000 menjadi sebesar Rp 255.000.000.000 yang berasal dari: - Setoran tunai dari PT Hakim Putraperkasa sebesar Rp 50.000.000.000; - Saldo laba PT Bank Harda Internasional Tbk sebesar Rp 58.400.000.000;

 Increase the authorized capital from Rp 200,000,000,000 to Rp 1,000,000,000,000;  Increase the paid-up capital from Rp 146,600,000,000 to Rp 255,000,000,000 derived from: - Cash deposits from PT Hakim Putraperkasa amounting Rp 50,000,000,000; - Retained earnings of PT Bank Harda Internasional Tbk amounting to Rp 58,400,000,000;  Change the nominal value of shares from Rp 1,000,000 to Rp 100.

 Merubah nilai nominal saham yang semula bernilai Rp 1.000.000 menjadi Rp 100.

89



22. MODAL SAHAM, TAMBAHAN MODAL DISETOR, CADANGAN UMUM DAN DIVIDEN Lanjutan

22. CAPITAL STOCKS, ADDITIONAL PAID-IN CAPITAL, GENERAL RESERVE AND DIVIDENDS - Continued

Per 31 Desember 2014, penambahan modal disetor sebesar Rp50.000.000.000 yang dilakukan oleh PT Hakim Puteraperkasa, telah disetujui oleh Otoritas Jasa Keuangan (OJK) dalam suratnya No. SR75/PB.33/2014 tertanggal 31 Oktober 2014 sehubungan dengan telah dicatatnya tambahan modal disetor sebesar Rp30.000.000.000 dalam administrasi pengawasan, sedangkan sebesar Rp20.000.000.000 dicatat sebagai tambahan setoran modal akan dipindahkan sebagai modal ditempatkan dan disetor penuh setelah mendapatkan persetujuan. Pada tanggal 30 Januari 2015, penambahan modal disetor sebesar Rp20.000.000.000 tersebut telah disetujui dalam suratnya No. SR-05/PB.33/2015.

As of December 31, 2014, cash deposits fund amounting to Rp50,000,000,000 conducted by PT Hakim Putraperkasa, has been approved by Financial Services Authority (FSA) in its letter No. SR-75/PB.33/2014 dated October 31, 2014 regarding with the recorded additional paid-in capital amounting Rp30,000,000,000, on administrative supervision, while Rp20,000,000,000 recorded as additional paid-in capital will be transferred as capital issued and fully paid after obtaining approval. As of January 30, 2015, additional paid-in capital amounting to Rp20,000,000,000 has been approved in its letter No. SR-05/PB.33/2015.

Berdasarkan Akta Pernyataan Keputusan Pemegang Saham PT Bank Harda Internasional Tbk No. 50 tanggal 29 Januari 2015 yang dibuat di hadapan notaris Edward Suharjo Wiryomartani, S.H., M.Kn., notaris, di Jakarta, para pemegang saham telah menyetujui untuk:

Based on the Deed of Shareholders’ Decision Statement of PT Bank Harda Internasional Tbk No. 50 dated January 29, 2015 that was made in the presence of Edward Suharjo Wiryomartani, S.H., M.Kn., notary, in Jakarta, the shareholders have agreed to:





Reaffirm a part of the Bank Shareholders Decision dated December 18, 2014: - Increase the authorized capital from Rp200.000.000.000 toRp 1,000,000,000,000; - Increase the paid-up capital from Rp146,600,000,000 to Rp255,000,000,000 derived from:



Cash deposits from PT Hakim Putraperkasa amounting to Rp50,000,000,000;and Retained Earnings of PT Bank Harda Internasional Tbk amounting to Rp58,400,000,000. - Change the nominal value of shares from Rp 1,000,000 to Rp 100; - Change article 12 paragraph 1 Bank's Articles of Association. Increase the paid-up capital from Rp255,000,000,000 to Rp285,000,000,000.

 



Menegaskan kembali sebagian isi Keputusan Pemegang Saham tertanggal 18 Desember 2014: - Meningkatkan modal dasar yang semula Rp200.000.000.000 menjadi sebesar Rp1.000.000.000.000; - Meningkatkan modal disetor yang semula sebesar Rp 146.600.000.000 menjadi sebesar Rp255.000.000.000 yang berasal dari: Setoran tunai dari PT Hakim Putraperkasa sebesar Rp50.000.000.000; dan Saldo laba PT Bank Harda Internasional Tbk sebesar Rp58.400.000.000. - Merubah nilai nominal saham yang semula Rp 1.000.000 menjadi Rp 100; - Merubah ketentuan pasal 12 ayat 1 Anggaran Dasar Perseroan. Meningkatkan modal disetor yang semula sebesar Rp255.000.000.000 menjadi Rp 285.000.000.000.





Perubahan tersebut telah dilaporkan dan diterima oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-AH.01.03-0007755 tanggal 5 Pebruari 2015 serta No. AHU-AH.01.03-0007796 tanggal 5 Pebruari 2015 dan telah disetujui oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia No. AHU-0001913.AH.01.02 Tahun 2015, serta telah didaftarkan dalam Daftar Perseroan No. AHU0015590.AH.01.11 Tahun 2015 tanggal 5 Pebruari 2015.

The amendment has been reported and received by The Minister of Law and Human Rights of the Republic of Indonesia No. AHU-AH.01.03-0007755 dated February 5, 2015 and No. AHU-AH.01.03-0007796 dated February 5, 2015 and has been approved by The Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0001913.AH.01.02 Tahun 2015, and has been registered in the Register of Company No. AHU-0015590.AH.01.11 Tahun 2015 dated February 5, 2015.

Pada tanggal 27 Januari 2015 dan 28 Januari 2015, total penambahan ,modal sebesar Rp30.000.000.000 yang dilakukan oleh PT Hakim Putraperkasa telah dicatat dalam administrasi pengawasan, berdasarkan surat dari OJK No. SR-31/PB.333/2015 tertanggal 29 Mei 2015.

On January 27, 2015 and January 28, 2015, total cash deposits fund amounting to Rp30,000,000,000 conducted by PT Hakim Putraperkasa has been recorded in the supervisory administrative), based on letter from FSA No. SR-31/PB.333/2015 dated May 29, 2015.

90



22. MODAL SAHAM, TAMBAHAN MODAL DISETOR, CADANGAN UMUM DAN DIVIDEN Lanjutan

22. CAPITAL STOCKS, ADDITIONAL PAID-IN CAPITAL, GENERAL RESERVE AND DIVIDENDS - Continued

Berdasarkan Akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa No. 31 tanggal 18 Maret 2015 yang dibuat di hadapan Edward Suharjo Wiryomartani, S.H., M.Kn., notaris, di Jakarta, para pemegang saham menyetujui untuk:

Based on the Deed of Minutes of the General Meeting of Shareholders' Extraordinary No. 31 dated March 18, 2015 of Edward Suharjo Wiryomartani, S.H., M.Kn, notary, in Jakarta, the shareholders have agreed to:





 



Menegaskan kembali dan menyetujui seluruh perubahan anggaran dasar Bank; Melakukan penawaran umum perdana atas saham Bank dan mengubah status Bank dari Perseroan Tertutup menjadi Perseroan Terbuka; Melaksanakan Management Stock Option Plan (MSOP) dengan jumlah sebanyakbanyaknya 10% dari modal dan melaksanakan program Employees Stock Allocation (ESA) dengan jumlah sebanyakbanyaknya 10% dari jumlah saham yang ditawarkan dalam Penawaran Umum Perdana Saham Bank; dan Memberikan kuasa kepada Dewan Komisaris dan Dewan Direksi Bank untuk melaksanakan segala tindakan yang harus dilakukan sehubungan dengan Penawaran Umum kepada masyarakat dan penggunaan dana hasil Penawaran Umum.

 



Reaffirm and approve all changes to the Bank’s Articles of Association; Conduct the initial public offering of the Bank’s shares and change the Bank’s status from a Private Company to a Public Company; Implement Management Stock Option Plan (MSOP) with the amount up to 10% of the capital and implement Employees Stock Allocation (ESA) program with the amount up to 10% of the number of shares offered in the Initial Public Offering of Bank’s Share; and Authorize the Board of Commissioners and Board of Directors of the Bank to perform any action to be taken in regarding with the Public Offering to the public and the use of proceeds from the Public Offering.

Akta Berita Acara Rapat Umum Pemegang Saham Luar Biasa tersebut telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dengan Surat Keputusan No. AHU-0004354.AH.01.02.Tahun 2015 tanggal 19 Maret 2015. Akta tersebut telah diterima dan dicatat di dalam Sistem Administrasi Badan Hukum dengan Surat Pemberitahuan No. AHU-AH.01.030017606 dan telah didaftarkan dalam Daftar Perseroan No. AHU-0032841.AH.01.11.Tahun 2015 tanggal 19 Maret 2015.

The Deed of Minutes of the Extraordinary General Meeting of Shareholders has been approved from the Minister of Law and Human Rights of the Republic of Indonesia in Decree No. AHU0004354.AH.01.02.Tahun 2015 dated March 19, 2015. The Deed has been received and recorded in Legal Bank Administration System with the Notice No. AHU-AH.01.03-0017606 and has been registered in the Register of Company No. AHU0032841.AH.01.11.Year 2015 dated March 19, 2015.

Berdasarkan Akta Pernyataan Keputusan Rapat No. 3 tanggal 5 Oktober 2015 yang dibuat di hadapan Edward Suharjo Wiryomartani, S.H., M.Kn., notaris, di Jakarta, pasal 4 ayat 2 Anggaran Dasar Perseroan telah diubah sebagai berikut:

Based on the Deed of The Meeting Decision Statement No. 3 dated October 5, 2015 of Edward Suharjo Wiryomartani, S.H., M.Kn, notary, in Jakarta, article 4 paragraph 2 of the Articles of Association have been amended as follows:





Modal dasar yang telah ditempatkan dan disetor sejumlah 3.650.000.000 lembar saham dengan jumlah nilai nominal seluruhnya sebesar Rp 365.000.000.000 terdiri atas: - Rp 285.000.000.000 merupakan saham lama; - Rp 80.000.000.000 merupakan hasil penawaran umum saham Bank.

91

Capital stock issued and paid up amounting to 3,650,000,000 shares with total nominal value of Rp 365,000,000,000 consisting of: -

Rp 285,000,000,000 of existing shares; Rp 80,000,000,000 as the result of initial public offering of Bank’s share.



22. MODAL SAHAM, TAMBAHAN MODAL DISETOR, CADANGAN UMUM DAN DIVIDEN Lanjutan 

Para pemegang saham telah menyetor penuh 3.650.000.000 saham dengan jumlah nilai nominal seluruhnya Rp 365.000.000.000 dengan rincian sebagai berikut: - PT Hakim Putraperkasa sebanyak 2.651.961.000 lembar saham dengan nilai nominal seluruhnya sebesar Rp 265.196.100.000; - Kwee Sinto sebanyak 198.039.000 lembar saham dengan nilai nominal seluruhnya sebesar Rp 19.803.900.000; - Masyarakat sebanyak 800.000.000 lembar saham dengan nilai nominal seluruhnya sebesar Rp 80.000.000.000.

22. CAPITAL STOCKS, ADDITIONAL PAID-IN CAPITAL, GENERAL RESERVE AND DIVIDENDS - Continued 

The shareholders have fully paid 3,650,000,000 shares with total nominal value of Rp 365,000,000,000 with detailed as follows: -

PT Hakim Putraperkasa with 2,651,961,000 shares with total nominal value of Rp 265,196,100,000;

-

Kwee Sinto with 198,039,000 shares with total nominal value of Rp 19,803,900,000;

-

Public with 800,000,000 with total nominal value of Rp 80,000,000,000.

Pernyataan Keputusan Rapat tersebut telah diterima dan dicatat di dalam Sistem Administrasi Badan Hukum, Kementerian Hukum dan Hak Asasi Manusia Republik Indonesia melalui Penerimaan Pemberitahuan Perubahan Anggaran Dasar No. AHU- AH.01.03.0970743 dan Penerimaan Pemberitahuan Perubahan Data Perseroan No. AHU-AH.01.03.0970744.

The Deed of The Meeting Decision Statement has been received and recorded in Legal Bank Administration System of the Minister of Law and Human Rights of the Republic of Indonesia through Acceptance Notification on Article of Association’s Amendment No. AHU-AH.01.03.0970743 and Acceptance Notification of Amendment on the Bank’s Data No. AHU-AH.01.03.0970744.

Melalui penawaran umum saham perdana, Bank menerbitkan sejumlah 800.000.000 lembar saham biasa dengan nilai penawaran Rp 125 (angka penuh) setiap saham. Sehingga hasil penjualan saham yang diterima oleh Bank adalah sebesar Rp 96.230.230.398 setelah dikurangi biaya emisi.

Through initial public offering of shares, Bank issued 800,000,000 shares with offering price of Rp 125 (full amount) per share. Proceed from issuance of shares received by the Bank is amounted to Rp 96,230,230,398, net of issuance cost.

Agio saham sehubungan dengan penawaran umum Bank pada tahun 2015 setelah dikurangi biaya emisi saham adalah sebagai berikut:

Paid-in capital in connection with the Bank’s initial public offering in 2015 net of stock issuance cost are as follows:

Agio saham Pengeluaran 800.000.000 saham melalui penjualan saham Bank pada penawaran umum tahun 2015

20.000.000.000

Biaya emisi saham

3.769.769.602

92

Jumlah

16.230.230.398

Issuance of 800,000,000 shares through Bank's issuance of shares on initial public public offering year 2015



23. PENDAPATAN BUNGA

23. INTEREST INCOME 31 Desember 2016 December 31, 2016

Pendapatan bunga terdiri dari: Kredit yang diberikan Efek-efek Penempatan pada Bank Indonesia Penempatan pada bank lain Jumlah

190.312.292.620 14.437.493.361 6.660.986.347 4.503.381.096 215.914.153.424

Jumlah pendapatan bunga dari pihak berelasi pada Pada 31 Desember 2016 dan 2015, masing- masing sebesar Rp 2.848.356.219 dan Rp 2.394.045.742.


210.379.391.965 16.179.886.364 10.129.549.942 2.543.783.981 239.232.612.252

The amount of interest income from related parties on December 31,2016 and 2015 are Rp 2,848,356,219 and Rp 2,394,045,742, respectively.

24. BEBAN BUNGA

24. INTEREST EXPENSES 31 Desember 2016 December 31, 2016

31 Desember 2015 December 31, 2015 Interest expenses consists of: consists of:

Beban bunga terdiri dari: Deposito berjangka Giro Tabungan Premi penjaminan simpanan (catatan 31) Call money Jumlah

Interest income consists of: Loans Securities Placements with Bank Indonesia Placements with other banks Total

110.767.515.231 3.836.160.899 3.458.817.885 3.348.333.630 12.141.667 121.422.969.312

135.058.862.304 5.185.766.894 3.433.254.503 3.688.085.968 147.365.969.669

Time deposits Demand deposits Saving deposits Deposits guarantee premium (Note 31) Call money Total

Jumlah beban bunga dari pihak berelasi pada 31 Desember 2016 dan 2015 masing-masing sebesar Rp 817.009.295 dan Rp 672.680.456.

The amount of interest expense from related parties on December 31, 2016 and 2015 are Rp 817,009,295 and Rp 672.680.456, respectively.

25. PEMULIHAN (PEMBENTUKAN) CADANGAN KERUGIAN PENURUNAN NILAI ASET KEUANGAN DAN ASET NON-KEUANGAN

25. REVERSAL (PROVISION) OF ALLOWANCE FOR IMPAIRMENT LOSSES ON FINANCIAL ASSETS AND NON-FINANCIAL ASSETS

Rincian pemulihan (pembentukan) cadangan kerugian penurunan nilai aset keuangan dan aset non-keuangan adalah sebagai berikut:

Details of reversal (provision) of allowance for impairment losses on financial assets and non- financial assets are as follows:

31 Desember 2016 December 31, 2016 Pembentukan cadangan kerugian penurunan nilai atas kredit (Catatan 10) Pembentukan cadangan kerugian penurunan nilai atas aset tetap (Catatan 13) Pemulihan (pembentukan) cadangan kerugian penurunan nilai atas agunan yang diambil alih (Catatan 15) Jumlah


(11.092.124.004)

-

200.000 (11.091.924.004)

93

(75.010.363.759)

(468.139.805)

179.350.000 (75.299.153.564)

Provision of allowance for impairment losses on loans (Note 10) Provision of allowance for impairment losses on fixed assets (Note 13) Reversal (provision) of allowance for impairment losses on foreclosed assets (Note Total 15)



26. BEBAN OPERASIONAL LAINNYA

26. OTHER OPERATING EXPENSES

31 Desember 2016 December 31, 2016 Akun ini terdiri dari: Umum dan administrasi Tenaga kerja Jumlah


32.734.742.169 52.543.752.574 85.278.494.743

a. Beban Umum dan Administrasi

34.684.532.006 50.367.234.757 85.051.766.763

This account consists of: General and administrative Personnel Total

a. General and Administrative Expenses



Sewa Jasa penyedia tenaga kerja Jasa profesional Biaya CBS

8.039.621.375 4.924.426.443 2.154.927.010 1.980.000.000

7.548.978.185 4.496.887.038 1.134.164.992 1.881.000.000

Telepon, listrik, dan air Biaya administrasi Bank Indonesia dan bank lain Penyusutan aset tetap (Catatan 13) Keamanan Pendidikan dan pelatihan Biaya penyelesaian kredit Jasa lintas Arta Asuransi Keperluan kantor Amortisasi aset tak berwujud (Catatan 14) Transportasi Pemeliharaan dan perbaikan Iklan dan promosi Cetakan, materai, dan benda pos Keperluan rumah tangga Perjalanan dinas Sumbangan Pajak Pengurusan surat izin Lain-lain Jumlah

1.673.748.955

1.861.882.782

1.600.776.381

1.771.437.677

1.507.035.848 1.447.286.500 1.392.244.249 1.353.359.000 1.136.488.542 1.123.315.775 1.019.150.402

1.704.215.755 1.449.269.530 1.779.335.872 3.683.135.423 1.101.060.978 1.625.385.527 833.676.100

953.539.045 753.491.529 386.471.702 340.911.794

924.253.526 808.590.839 463.609.441 577.412.993

241.102.575 187.049.245 174.213.047 151.879.890 67.703.112 18.447.000 107.552.750 32.734.742.169

380.578.931 163.613.554 114.939.932 109.883.759 122.948.179 58.590.000 89.680.993 34.684.532.006

94

Rent Outsourcing Professional fee CBS expense Telephone, electricity and water Administration of Bank Indonesia and other banks Depreciation of fixed assets (Note 13) Security Education and trainings Loan settlement expense Arta traffic services Insurance Office supplies Amortization of intangible assets (Note 14) Transportation Repair and maintenance Advertising and promotion Printed stamp and postal stationery Household Business travels Donations Taxes Processing of license Others Total



26. BEBAN OPERASIONAL LAINNYA – Lanjutan

26. OTHER OPERATING EXPENSES - Continued

b. Beban Tenaga Kerja

b. Personnel Expenses 31 Desember 2016 December 31, 2016

Gaji dan tunjangan Beban imbalan kerja (Catatan 20) Tunjangan uang makan/ transport Tunjangan hari raya Jasa produksi Tunjangan ASTEK Tunjangan kesehatan Tunjangan teller Lembur Biaya pegawai lainnya Tunjangan pakaian seragam Rekreasi dan olahraga Tunjangan premi asuransi kecelakaan Jumlah


38.690.622.347

38.459.521.392

3.921.395.349

4.207.467.072

3.086.166.666 2.757.308.628 2.279.994.000 1.169.268.769 280.330.756 87.076.191 85.885.454 84.321.900

3.153.819.045 2.612.368.828 1.185.031.240 272.001.134 95.504.762 124.910.268 190.256.760

60.375.000 38.305.240

25.875.000 38.598.350 1.880.906 50.367.234.757

2.702.274 52.543.752.574

Rincian gaji,tunjangan dan bonus atas Dewan Komisaris, Dewan Direksi, Komite Audit dan Komite Pemantau Risiko dan komite remunerasi dan Nominasi Bank adalah sebagai berikut

Wages and salaries Employee benefits expense (Note 20) Employee meal/ transport allowance THR allowance Production service ASTEK allowance Health benefits Teller allowance Overtime Other personnel expenses Uniform allowance Recreation and sport Insurance allowance Total

Details of salary, benefits and bonuses given to Board of Commissioners, Board of Directors, Audit Committee, Risk Monitoring Committee and Remuneration and Nomination Committee of the Bank are as follows:

31 Desember 2016/December 31, 2016 Jumlah pejabat/ Number of

G aji/

Tunjangan/

B onus/

officers

Salary

Benefits

Bonuses

Jumlah/ Total

Komisaris

2

1.485.000.000

663.000.000

90.000.000

2.238.000.000

Direksi

3

2.021.428.571

1.188.738.832

390.000.000

3.600.167.403

Commissioners Directors Audit Committee, Risk

Komite Audit, Komite

Monitoring Committee

P emantau Risiko dan

and Remuneration

Komite Remunerasi

and Nomination

dan Nominasi Jumlah

3

604.964.000

111.477.000

33.177.000

749.618.000

8

4.111.392.571

1.963.215.832

513.177.000

6.587.785.403

Committee Total

31 Desember 2015/December 31, 2015 Jumlah pejabat/ Number of

G aji/

Tunjangan/

B onus/

officers

Salary

Benefits

Bonuses

Jumlah/ Total

Komisaris

3

1.620.000.000

634.400.000

-

2.254.400.000

Direksi

3

3.220.000.000

1.227.324.658

200.000.000

4.647.324.658

Commissioners Directors Audit Committee, Risk

Komite Audit, Komite

Monitoring Committee

P emantau Risiko dan

and Remuneration

Komite Remunerasi dan Nominasi Jumlah

and Nomination 5

547.164.000

105.184.671

-

652.348.671

11

5.387.164.000

1.966.909.329

200.000.000

7.554.073.329

95

Committee Total



27. PENDAPATAN (BEBAN) NON-OPERASIONAL – BERSIH

31 Desember 2016 December 31, 2016 Akun ini terdiri dari: Keuntungan penjualan aset tetap - bersih (Catatan 13) Keuntungan (kerugian) atas penjualan agunan yang diambil alih (Catatan 15) Pendapatan (beban) lainnya - bersih Jumlah


8.185.200

1.516.836.846

278.263.795

73.550.000

2.380.808.647 2.667.257.642

(49.299.003) 1.541.087.843

28. LABA PER SAHAM DASAR

This account consists of: Gain on sale of fixed assets - net (Note 13) Gain (loss) on sale of foreclosed assets (Note 15) Other non-operating income (expenses) - net Total

28. BASIC EARNINGS PER SHARE 31 Desember 2016 December 31, 2016

Rata-rata tertimbang jumlah saham biasa yang beredar dalam tahun berjalan Laba (rugi) bersih Laba (rugi) bersih per saham dasar

27. NON-OPERATING INCOME (EXPENSES) – NET


3.650.000.000 7.087.033.127

3.158.333.333 (45.978.206.362)

1,94

(14,56)

29. TRANSAKSI DENGAN PIHAK BERELASI

Weighted average number of ordinary shares outstanding during the year Net income (loss) Basic earning (loss) per share

29. TRANSACTIONS WITH RELATED PARTIES

Sifat Hubungan Berelasi

Nature of Relationship

Dalam kegiatan normal usahanya, Bank juga mengadakan transaksi-transaksi tertentu dengan pihakpihak yang berelasi.

In the normal activities of business, the Bank also entered into certain transactions with related parties.

Transaksi dengan pihak berelasi dilakukan berdasarkan persyaratan yang disetujui oleh kedua belah pihak, yang mungkin tidak sama dengan transaksi lain yang dilakukan dengan pihak-pihak yang tidak berelasi.

Transactions with related parties are made based on terms agreed by the parties, which may not be the same as those of the transaction between unrelated parties.

96

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 29. TRANSAKSI DENGAN PIHAK Lanjutan

-

29. TRANSACTIONS WITH RELATED PARTIES Continued

Rincian sifat hubungan dan jenis transaksi yang signifikan dengan pihak berelasi pada 31 Desember 2016 dan 2015 adalah sebagai berikut:

The details of the relationship and type of significant transactions with related parties as of December 31, 2016 and 2015 are as follows:

Pihak hubungan berelasi/ Related parties

BERELASI


Sifat hubungan berelasi/ The nature of relation

Transaksi/Transactions

Pemegang saham akhir atau perusahaan induk/Ultimate shareholder or holding company Pemegang saham akhir/Ultimate shareholder Dimiliki oleh pemegang saham akhir yang sama/Owned by the same ultimate shareholder Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned and controlled by the same ultimate shareholder

Dana setoran modal/ Capital deposits fund

Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned and controlled by the same ultimate shareholder Anak perusahaan dari perusahaan induk/Subsidiary of holding company Anak perusahaan dari perusahaan induk/Subsidiary of holding company Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned and controlled by the same ultimate shareholder Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned and controlled by the same ultimate shareholder

Simpanan/Deposits Beban bunga/Interest expense

Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned and controlled by the same ultimate shareholder Perhimpunan Musim Semi Abadi Dimiliki dan dikendalikan oleh pemegang Indonesia saham akhir yang sama/ Owned and controlled by the same ultimate shareholder Redialindo Mandiri Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned by the same ultimate shareholder PT Rockit Aldeway Dimiliki dan dikendalikan oleh keluarga dari komisaris independen/ Owned and controlled by family of independent commissioner


PT Hakim Putraperkasa

Kwee Sinto PT Alter Abadi Tbk

PT Asean Motor International

PT Asia Putra Perkasa

PT BPR Cahaya Wiraputra BPR Varia Central Artha PT Hakim Putra Sejati

Perhimpunan Inti Kalbar

Perhimpunan Minan Indonesia

97

Dana setoral modal/ Capital deposits fund Simpanan/Deposits Beban bunga/Interest expense Simpanan/Deposits Beban bunga/Interest expense Beban sewa tanah & gedung/ Land & building rent expense Beban keamanan & kebersihan/ Security & cleaning expense Keuntungan penjualan aset tetap/ Gain on sale of fixed asset

Simpanan/Deposits Beban bunga/Interest expense Simpanan/Deposits Beban bunga/Interest expense Simpanan/Deposits Beban bunga/Interest expense



Simpanan/Deposits Beban bunga/Interest expense Simpanan/Deposits Beban bunga/Interest expense


BERELASI


Sifat Hubungan Berelasi - Lanjutan Pihak hubungan berelasi/ Related parties PT Tri Satria Indah Motor

PT Varia Inter Perkasa

PT Varia Intra Finance

PT Jolael

PT Bintang Binamitra

Perseorangan/Individual

Nature of Relationship - Continued Sifat hubungan berelasi/ The nature of relation

Persentase dari total aset Liabilitas Simpanan nasabah (Catatan 16) Giro Tabungan Deposito Simpanan dari bank lain (Catatan 17) Jumlah liabilitas yang terkait dengan pihak berelasi Persentase dari total liabilitas

Kredit/Loan Pendapatan bunga/Interest income Simpanan/Deposits Beban bunga/Interest expense Simpanan/Deposits Beban bunga/Interest expense

Kredit/Loans Pendapatan bunga/Interest income Simpanan/Deposits Beban bunga/Interest expense Dimiliki dan dikendalikan oleh pemegang Simpanan/Deposits saham akhir yang sama/ Owned by the same Beban bunga/Interest expense ultimate shareholder Dimiliki dan dikendalikan oleh pemegang Simpanan/Deposits saham akhir yang sama/ Owned by the same Beban bunga/Interest expense ultimate shareholder Komisaris/Commissioner Kredit/Loans Direksi/Director Simpanan/Deposits Pendapatan bunga/Interest income Pejabat Eksekutif/Executive Staff Beban bunga/Interest expense Keluarga/Family Beban sewa tanah & gedung/ Land & building rent expense Transactions with related parties


Jumlah aset yang terkait dengan pihak berelasi

Transaksi/Transactions

Dimiliki dan dikendalikan oleh keluarga dari pemegang saham khir yang sama/ Owned and controlled by family of the same ultimate shareholder Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned and controlled by the same ultimate shareholder Dimiliki dan dikendalikan oleh pemegang saham akhir yang sama/ Owned by the same ultimate shareholder

Transaksi pihak berelasi

Aset Kredit yang diberikan (Catatan 10)


31 Desember 2015 December 31, 2015 Assets

24.760.833.890 24.760.833.890 1,20%

21.792.768.119

Loans (Note 10)

21.792.768.119

Total assets with related parties

1,05%

Percentage of total assets

7.084.455.358 2.706.579.997 10.556.594.154

1.618.495.907 1.217.686.462 5.394.778.921

2.210.277.994

1.409.393.093

Liabilities Deposits from customers (Note 16) Demand deposits Saving deposits Time deposits Deposits from other banks (Note 17)

22.557.907.503

9.640.354.383

Total liabilities with related parties

1,35%

98

0,57%

Percentage of total liabilities


BERELASI



Transaksi pihak berelasi – lanjutan

Transactions with related parties – continued

31 Desember 2016 December 31, 2016 Pendapatan bunga (Catatan 23) Persentase dari total pendapatan bunga Beban bunga (Catatan 24) Persentase dari total beban bunga Beban operasional lainnya Beban sewa tanah dan gedung Beban keamanan dan kebersihan Jumlah beban operasional lainnya yang terkait dengan pihak berelasi Persentase dari total beban operasional lainnya


2.848.356.219 1,32% 817.009.295 0,67%

2.394.045.742 1,00% 672.680.456 0,46%

Interest income (Note 23) Percentage of total interest income Interest expenses (Note 24) Percentage of total interest expenses

3.456.586.296

3.365.248.333

1.312.616.000

1.311.856.000

Other operating expenses Land and building rent expense Security and cleaning expense

4.677.104.333

Total other operating expenses with related parties

4.769.202.296

5,59%

5,50%

Percentage of total other operating expenses

Keuntungan penjualan tanah dan bangunan

-

-

Gain on sale of land and building

Persentase dari total pendapatan non-operasional

-

-

Percentage of total non-operating income

Termasuk dalam gaji dan tunjangan adalah kompensasi kepada Direksi untuk tahun yang berakhir pada tanggal 31 Desember 2016 dan 2015 sebesar Rp3.600.167.403 dan Rp4.647.324.658.

Included in salary and benefits is compensation of Board of Directors, for the years ended Desember 31, 2016 and 2015 amounting to Rp3,600,167,403 and Rp4,647,324,658.

Jumlah pesangon pemutusan kontrak kerja kepada manajemen kunci pada tahun 2016 dan 2015 masing-masing sebesar Rp1.673.954.590 dan Rp 1.115.954.590.

The amount of the termination benefits for the key management for the year 2016 and 2015 amounting to Rp1,673,954,590 and Rp1,115,954,590, respectively.

Berdasarkan Akta Perpanjangan Perjanjian Sewa Menyewa No. 8 tanggal 9 Agustus 2016 yang dibuat di hadapan notaris Petrus Suandi Halim, S.H., notaris, di Jakarta, antara Rachman Hakim dengan PT Bank Harda Internasional Tbk, kedua belah pihak telah menyetujui untuk melakukan perpanjangan perjanjian sewa menyewa atas sebidang tanah dan bangunan berlantai 4 yang terletak di Pontianak, Kalimantan Barat. Biaya sewa untuk perpanjangan sewa tersebut adalah sebesar Rp 350.000.000 per tahun atau Rp 1.750.000.000 untuk jangka waktu 5 tahun. Perjanjian ini berlangsung selama 5 tahun, terhitung sejak tanggal 20 Maret 2016 sampai dengan tanggal 19 Maret 2021.

Based on the Deed of Extension of Lease Agreement No. 8 dated Agustus 9, 2016 of Petrus Suandi Halim, S.H., notary, in Jakarta, between Rachman Hakim and PT Bank Harda Internasional Tbk, they have agreed to extend lease agreement on plot of land and 4 storey buildings located in Pontianak, West Kalimantan. The rent expense for the lease extension amounted to Rp 350,000,000 for each year or Rp 1,750,000,000 for 5 years. This agreement lasts for 5 years, starting on March 20, 2016 until March 19, 2021.

99


BERELASI


29. TRANSACTIONS WITH RELATED PARTIES – Continued

Transaksi pihak berelasi – lanjutan

Transactions with related parties – continued

Berdasarkan Akta Perjanjian Sewa Menyewa No. 17 tanggal 25 Maret 2014 yang dibuat di hadapan notaris Pahala Sutrisno Amijoyo Tampubolon, notaris, di Jakarta, antara PT Asean Motor International dengan PT Bank Harda Internasional Tbk, kedua belah pihak telah menyetujui untuk melakukan perpanjangan perjanjian sewa menyewa atas gedung yaitu ruangan di dalam gedung yang terletak di lantai 1 (satu), lantai 2 (dua), dan lantai 3 (tiga) yang beralamat di Jl. Kyai Haji Samanhudi No. 10-10 A, Jakarta Pusat. Biaya sewa untuk perpanjangan sewa tersebut sebesar Rp 226.700.000 perbulan dan biaya service charge/maintenance sebesar Rp 96.305.000 per bulan. Perjanjian ini berlangsung selama 5 tahun, terhitung sejak tanggal 10 Desember 2012 sampai dengan tanggal 9 Desember 2017.

Based on the Deed of Lease Agreement No. 17 dated March 25, 2014 of Pahala Sutrisno Amijoyo Tampubolon, notary, in Jakarta, between PT Asean Motor Internasional and PT Bank Harda International Tbk, they have agreed to extend lease agreement on the building that is the room in the building located on the 1st floor, 2nd floor, and 3rd floor which are located at Jl. Kyai Haji Samanhudi No. 10-10 A, Central Jakarta. The rent expense for the lease extension amounted to Rp 226,700,000 for each month and the service charge/maintenance expense amounted to Rp 96,305,000 for each month. This agreement lasts for 5 years, starting on December 10, 2012 until December 9, 2017.

Berdasarkan Akta Perpanjangan Sewa Menyewa No. 52 tanggal 21 Oktober 2014 yang dibuat di hadapan notaris Tjoa Karina Juwita, S.H., notaris, di Jakarta, antara Jefry Hakim dengan PT Bank Harda Internasional Tbk, kedua belah pihak telah menyetujui untuk melakukan perpanjangan perjanjian sewa menyewa atas sebuah bangunan rumah toko (ruko) yang terletak di Ruko Mega Bekasi Blok A No. 4, Jl. Cut Meutia Raya, Bekasi Timur, Jawa Barat. Biaya sewa untuk perpanjangan sewa tersebut sebesar Rp 210.000.000 untuk jangka waktu 3 tahun. Perjanjian ini berlangsung selama 3 tahun, terhitung mulai tanggal 14 Oktober 2014 sampai dengan tanggal 14 Oktober 2017.

Based on the Deed of Lease Extension No. 52 dated October 21, 2014 of Tjoa Karina Juwita, S.H., notary, in Jakarta, between Jefry Hakim with PT Bank Harda Internasional Tbk, they have agreed to extend lease agreement on a shop house located in Ruko Mega Bekasi Block A No. 4, Jl. Cut Meutia Raya, East Bekasi, West Java. The rent expense for the lease extension amounted to Rp 210,000,000 for 3 years. This agreement lasts for 3 years, starting on October 14, 2014 until October 14, 2017.

Berdasarkan Akta Jual Beli No.427/2014 dan No.428/2014 tanggal 10 Desember 2014 yang dibuat di hadapan notaris Inge Rubiati Wardhana, S.H., notaris, di Jakarta, antara PT Bank Harda Internasional Tbk dengan PT Asean Motor International, kedua belah pihak telah menyetujui perjanjian jual beli atas tanah dan bangunan yang terletak di Jl. Gajah Mada No. 90 dan 90 A, Krukut, Taman Sari, Jakarta Barat dengan SHGB No. 987 dan No. 1132, masing- masing sebesar Rp 7.300.000.000 dan Rp 700.000.000.

Based on the Deed of Sale and Purchase No.427/2014 and No.428/2014 dated December 10, 2014 of Inge Rubiati Wardhana, S.H., notary,in Jakarta, between PT Bank Harda Internasional Tbk with PT Asean Motor International, they have agreed sale and purchase of land and building, located in Jl. Gajah Mada No. 90 and 90 A, Krukut, Taman Sari, West Jakarta by SHGB No. 987 and No. 1132, amounted to Rp 7,300,000,000 and Rp 700,000,000, respectively.

100



30. KOMITMEN DAN KONTINJENSI

30. COMMITMENTS AND CONTINGENCIES

Akun-akun di bawah ini dicatat didalam laporan posisi keuangan ekstra-komtabel (off-balance sheet):

31 Desember 2016 December 31, 2016 Komitmen Liabilitas komitmen Fasilitas kredit kepada nasabah yang belum digunakan Liabilitas komitmen - bersih Kontinjensi Tagihan kontinjensi Pendapatan bunga dalam penyelesaian Jumlah tagihan kontinjensi Liabilitas kontinjensi Bank garansi yang diberikan Jumlah liabilitas kontinjensi Tagihan (liabilitas) kontinjensi - bersih Kredit hapus buku Jumlah komitmen dan kontinjensi - bersih

The accounts below are recorded in the statements of financial position of extra-comtable (off-balance sheet):

31 Desember 2015 December 31, 2015 Commitments Commitments liabilities

(183.176.819.202)

(226.884.235.455)

(183.176.819.202)

(226.884.235.455)

9.048.482.817

7.768.669.185

9.048.482.817

7.768.669.185

(250.000.000)

(524.750.000)

(250.000.000)

(524.750.000)

8.798.482.817 39.545.225.497 (134.833.110.888)

7.243.919.185 32.354.562.395 (187.285.753.875)

Unused loan facilities to debtors Commitments liabilities - net Contingencies Contingencies receivables Past due interest receivables Total contingencies receivables Contingencies liabilities Bank guarantee issued Total contingencies liabilities Contingencies receivables (liabilities) - net Loan write-off Total commitments and contingencies - net

Pada tanggal 31 Desember 2016 dan 2015 Bank memiliki saldo transaksi komitmen dan kontinjensi dengan pihak berelasi sebesar Rp 1.000.000.000 dan Rp 440.688.799.

As of December 31, 2016 and 2015 the Bank has amount commitments and contingencies transaction with related parties amounted Rp 1,000,000,000 and Rp 440,688,799.

Pada tanggal 31 Desember 2016 dan 2015 tidak terdapat komitmen dan kontinjensi yang mengalami penurunan nilai.

As of December 31, 2016 and 2015, there were no impairment on commitment and contingencies.

Manajemen berpendapat bahwa tidak diperlukan adanya cadangan kerugian penurunan nilai.

Management believes that impairment losses is necessary.

no

allowance

for

31. JAMINAN PEMERINTAH TERHADAP KEWAJIBAN PEMBAYARAN BANK UMUM

31. GOVERNMENT GUARANTEE ON OBLIGATIONS OF COMMERCIAL BANKS

Berdasarkan Undang-Undang No. 24 tentang Lembaga Penjaminan Simpanan (LPS) tanggal 22 September 2004, efektif sejak tanggal 22 September 2005, sebagaimana diubah dengan Undang-Undang No. 7 Tahun 2009 tanggal 13 Januari 2009 tentang Penetapan Peraturan Pemerintah Pengganti Undang-Undang No. 3 Tahun 2008, LPS dibentuk untuk menjamin liabilitas tertentu bank-bank umum berdasarkan program penjaminan yang berlaku, yang besaran nilai jaminannya dapat berubah jika memenuhi kriteria tertentu yang berlaku

Based on Law No. 24 concerning the Indonesia Deposit Insurance Agency (LPS) dated September 22, 2004, effective on September 22, 2005, which was amended by Law No. 7 Year 2009 dated January 13, 2009 regarding with the Determination of Government Regulation as Substitution of Law No. 3 Tahun 2008, LPS was formed to guarantee certain liabilities of commercial banks under the applicable guarantee program, which the amount of guarantee can be adjusted if certain criterias are met.

101



31. JAMINAN PEMERINTAH TERHADAP KEWAJIBAN PEMBAYARAN BANK UMUM – Lanjutan

31. GOVERNMENT GUARANTEE ON OBLIGATIONS OF COMMERCIAL BANKS – Continued

Berdasarkan Peraturan Pemerintah Republik Indonesia No.66 tahun 2008 tanggal 13 Oktober 2008, yang menyatakan bahwa sejak tanggal 13 Oktober 2008 besaran nilai simpanan yang dijamin LPS untuk setiap nasabah pada satu bank yang semula maksimal Rp 100.000.000 diubah menjadi maksimal Rp 2.000.000.000.

In accordance with Indonesia Government Regulation No. 66 tahun 2008 dated October 13, 2008, starting October 13, 2008 the “LPS” will guarantee bank deposits of each customers in one bank for maximum of Rp 100,000,000, previously, was changed to maximum of Rp 2,000,000,000.

Berdasarkan Surat Edaran Nomor 17 Tahun 2016 tentang Penetapan Tingkat Suku Bunga Penjaminan Untuk Simpanan di Bank Umum tertanggal 13 September 2016, tingkat bunga penjaminan periode 15 September 2016 sampai dengan 15 Januari 2017 untuk simpanan di Bank Umum adalah 6,25% untuk mata uang Rupiah dan 0,75% untuk mata uang asing.

Based on Circular Letter No. 17 Tahun 2016 on the Evaluation Interest Rate Guarantee for Deposits at Commercial Banks dated September 13, 2016, the interest rate guarantee period September 15, 2016 up to January 15, 2017 for deposits in Commercial Banks is 6.25% for Rupiah and 0.75% for foreign currency.

Pada tanggal 31 Desember 2016 dan 31 Desember 2015, Bank adalah peserta dari program penjaminan tersebut.

As of December 31, 2016 and December 31, 2015, the Bank is a participant of the program.

Beban premi penjaminan Pemerintah yang dibayar selama periode 31 Desember 2016 and 31 Desember 2015 masing-masing sebesar Rp3.348.333.630 dan Rp 3.688.085.968 (Catatan 24).

The Government guarantee’s premium that has been paid for the periode December 31, 2016 and December 31, 2015 amounting to Rp 3.348.333.630 and Rp 3,688,085,968 respectively (Note 24).

32. INFORMASI SEGMEN

32. SEGMENT INFORMATION

Kegiatan Bank sepenuhnya adalah bank konvensional sehingga informasi segmen Bank tidak dikelompokkan per segmen usaha, dan hanya dikelompokkan berdasarkan segmen geografis. Bank melaporkan segmen berdasarkan daerah DKI Jakarta, Jawa Barat, Banten, Jawa Timur dan lainnya.

The Bank’s activities are entirely conventional bank so the Bank’s segment information is not classified as business segment, and is only classified by geographical segment. The Bank reports the segment information based on DKI Jakarta, West Java, Banten, East Java and others.

Berikut adalah informasi segmen geografis Bank:

The following is a geographical segment information of the Bank:

31 Desember 2016/December 31, 2016 Jawa Barat/ DKI Jakarta Pendapatan bunga - bersih Laba operasional - bersih Pendapatan (beban) non-operasional - bersih Laba periode berjalan

West Java

Banten

Jawa Timur

Lainnya/

Jumlah/

East Java

Others

Total

70.119.828.898

11.944.550.096

5.438.720.246

4.423.442.005

2.564.642.867

94.491.184.112

295.184.252

7.958.644.780

3.740.036.763

(1.347.256.920)

(2.435.008.807)

8.211.600.068

Interest income - net Income from operation - net

(5.633.811.430) 2.324.833.350

(2.256.733.973) 1.483.302.790

2.174.250.259 826.993.339

3.642.698.356 1.207.689.549

2.667.257.642 7.087.033.127

Non-operating income (expenses) - net Income for the period

4.740.854.430 1.244.214.099

102


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 32. SEGMENT INFORMATION – Continued

32. INFORMASI SEGMEN - Lanjutan Berikut adalah informasi segmen geografis Bank – lanjutan :

The following is a geographical segment information of the Bank – continued :

31 Desember 2016/December 31, 2016 Jawa Barat/ DKI Jakarta

West Java

Banten

Jawa Timur

Lainnya/

Jumlah/

East Java

Others

Total

INFORMASI

OTHER

LAINNYA ASET Kas

INFORMATIONS 9.627.267.850

1.227.956.850

189.116.000

1.128.827.000

2.152.905.850

14.326.073.550

ASSETS Cash Demand deposits with

Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek Kredit - bersih Pendapatan bunga yang masih akan diterima Biaya dibayar dimuka Aset tetap - bersih Aset pajak tangguhan Aset tak berwujud Aset lain-lain Jumlah aset

99.900.870.882 8.332.820.772

5.000.000

-

1.463.401.551

4.438.926.765

99.900.870.882 14.240.149.088

234.945.114.871 147.077.993.411 1.043.299.659.316

105.792.253.613

39.701.957.249

116.536.078.474

73.812.763.173

234.945.114.871 147.077.993.411 1.379.142.711.825

Bank Indonesia other banks Placement with Bank Indonesia and other banks Securities Loans - net

13.909.003.886 2.988.692.123 19.597.223.642 11.376.728.353 5.726.525.553 76.309.065.301

730.278.143 313.220.191 185.199.443 15.282.783.370

457.365.748 6.829.981.069 1.579.196.742

1.011.226.734 809.962.563 5.020.007.539 167.292.893

779.342.432 2.258.672.969 112.897.205 3.385.461.320

16.887.216.943 6.370.547.846 31.745.308.898 11.376.728.353 5.726.525.553 96.723.799.626

Interest receivables Prepaid expenses Fixed assets - net Deferred tax assets Intangible assets - net Other Assets - net

1.673.090.965.960

123.536.691.610

48.757.616.808

126.136.796.754

86.940.969.714

2.058.463.040.846

Total assets

LIABILITAS

LIABILITIES 3.567.011.241

743.149.012

46.178.283

6.096.855.726

56.781.000

10.509.975.262

Simpanan nasabah Simpanan dari bank lain Utang pajak Pendapatan diterima dimuka Bunga yang masih harus dibayar Liabilitas imbalan pasca-kerja Liabilitas lain-lain

1.228.749.241.229

56.169.812.279

11.303.018.044

161.637.428.740

110.618.338.368

1.568.477.838.660

21.962.595.538 1.587.894.588

19.179.983.161 34.743.270

10.514.825

4.015.082.140 173.461.050

25.722.345.736 100.296.790

70.880.006.575 1.906.910.523

Obligation due immediately Deposits from customers Deposits from other banks Taxes payable

Jumlah liabilitas

Liabilitas segera

370.244.291

20.516.994

13.750.000

-

2.186.858

406.698.143

Unearned income

4.573.425.406

198.227.362

60.293.547

805.901.395

458.553.707

6.096.401.417

17.506.281.695 561.300.000

-

-

-

309.250.000

17.506.281.695 870.550.000

Accrued interests Post-employment benefits liabilities Other liabilities

1.278.877.993.988

76.346.432.078

11.433.754.699

172.728.729.051

137.267.752.459

1.676.654.662.275

Total liabilities

31 Desember 2015/December 31, 2015 Jawa Barat/ DKI Jakarta Pendapatan bunga - bersih Laba (rugi) operasional - bersih Pendapatan (beban) non-operasional - bersih Laba (rugi) tahun berjalan

West Java

Banten

Jawa Timur

Lainnya/

Jumlah/

East Java

Others

Total

59.312.070.951

12.808.537.968

4.096.260.587

11.158.826.275

4.490.946.802

91.866.642.583

(63.482.952.213)

9.129.558.729

2.711.772.346

(9.931.303.009)

34.857.650

(61.538.066.497)

10.590.531.370 (38.873.648.554)

(6.245.285.169) 2.884.273.560

(1.313.970.067) 1.397.802.279

(3.836.974.896) (13.768.277.905)

2.346.786.605 2.381.644.258

103

Interest income - net Income (loss) from operation - net

Non-operating 1.541.087.843 income (expenses) - net (45.978.206.362)Income (loss) for the year


PT BANK HARDA INTERNASIONAL Tbk NOTES TO FINANCIAL STATEMENTS – Continued As of and For the Year Ended December 31, 2016 (Expressed in Rupiah, unless otherwise stated) 32. SEGMENT INFORMATION – Continued

32. INFORMASI SEGMEN - Lanjutan Berikut adalah informasi segmen geografis Bank – lanjutan :

The following is a geographical segment information of the Bank – continued :

31 Desember 2015/December 31, 2015 Jawa Barat/ DKI Jakarta

West Java

Banten

Jawa Timur

Lainnya/

Jumlah/

East Java

Others

Total

INFORMASI

OTHER

LAINNYA ASET Kas Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Efek-efek Kredit - bersih Pendapatan bunga yang masih akan diterima Biaya dibayar dimuka Aset tetap - bersih Aset pajak tangguhan Aset tak berwujud Aset lain-lain Jumlah aset

INFORMATIONS 8.219.849.500

1.572.123.850

120.675.625.707 369.906.626

110.000.000

171.252.820.499 180.164.648.020 1.042.025.524.012

114.195.268.238

17.626.368.932 5.788.418.252 20.621.882.426 14.933.802.356 6.605.814.598 46.600.383.164 1.634.885.044.092

400.211.500

ASSETS Cash Demand deposits with

1.087.956.800

1.914.320.900

13.194.462.550

353.010.085

1.278.589.407

120.675.625.707 2.111.506.118

48.305.883.897

164.089.774.559

85.830.704.644

171.252.820.499 180.164.648.020 1.454.447.155.350

Bank Indonesia other banks Placement with Bank Indonesia and other banks Securities Loans - net

878.169.415 416.214.813 270.713.757 506.206.928

514.205.410 468.750 6.953.503.996 1.622.712.742

1.577.074.946 787.417.069 5.068.476.165 158.185.751

879.402.555 921.450.293 147.552.199 4.309.662.312

21.475.221.258 7.913.969.177 33.062.128.543 14.933.802.356 6.605.814.598 53.197.150.897

Interest receivables Prepaid expenses Fixed assets - net Deferred tax assets Intangible assets - net Other Assets - net

117.948.697.001

57.796.986.295

173.121.895.375

95.281.682.310

2.079.034.305.073

-

LIABILITAS

Total assets LIABILITIES

2.077.382.838

1.850.895.275

237.194.975

170.756.103

107.407.324

4.443.636.515

Simpanan nasabah Simpanan dari bank lain Utang pajak Pendapatan diterima dimuka Bunga yang masih harus dibayar Liabilitas imbalan pasca-kerja Liabilitas lain-lain

1.232.183.451.694

57.502.715.207

48.335.538.877

163.434.503.023

92.736.057.086

1.594.192.265.887

42.181.594.641 2.355.487.698

7.316.912.179 64.528.563

81.025.361

247.188.307

29.205.814.135 124.265.523

78.704.320.955 2.872.495.452

Obligation due immediately Deposits from customers Deposits from other banks Taxes payable

250.889.077

8.166.857

23.884.850

2.384.614

65.957.698

351.283.096

Unearned income

5.541.497.569

171.881.046

239.482.075

616.734.068

383.120.085

6.952.714.843

12.003.763.318 529.650.000

695.825.607 -

427.090.543 -

967.200.037 -

655.627.554 270.000.000

14.749.507.059 799.650.000

Accrued interests Post-employment benefits liabilities Other liabilities

Jumlah liabilitas

1.297.123.716.835

67.610.924.734

49.344.216.681

165.438.766.152

123.548.249.405

1.703.065.873.807

Total liabilities

Liabilitas segera

104



33. MANAJEMEN RISIKO

32. RISK MANAGEMENT

Kerangka Manajemen Risiko

Risk Management Framework

Bank menerapkan manajemen risiko terpadu dan komprehensif sehingga mampu mendukung pencapaian target kinerja dan menjaga kelangsungan usaha. Strategi manajemen risiko yang proaktif akan meningkatkan efektifitas penggunaan modal dan tingkat pengembangan modal (Return on Equity) sehingga dapat memberikan nilai tambah bagi pemegang saham.

The Bank applied integrated and comprehensive risk management so that capable to support the achievement of performance targets and maintaining business continuity. Proactive risk management strategy will improve effectiveness of capital utilization and the level of capital development (Return on Equity) so it can provide value added to the shareholders.

Bank telah memperhatikan cakupan penilaian penerapan manajemen risiko melalui profil risiko Bank baik penilaian inherent risk maupun penilaian kualitas penerapan manajemen risiko serta menyesuaikan setiap indikator penilaian sesuai dengan peraturan yang baru dengan menggunakan konsep Risk Based Bank Rating (RBBR).

Bank has noticed the coverage assessment of management risk implementation through Bank’s profile risk either assessment of inherent risk or assessment of management risk implementation quality and adjust each assessment’s indicators in accordance with the new regulations by using the Risk Based Bank Rating concept (RBBR).

Berdasarkan self-assessment yang dilakukan Bank selama tahun 31 Desember 2016, secara keseluruhan, tingkat profil risiko yang dihadapi Bank adalah pada peringkat komposit 2 (dua). Berbagai upaya untuk mempertahankan penilaian pada peringkat komposit 2 (dua) terus dilakukan terutama perbaikan dan evaluasi pada empat kategori risiko utama yang dihadapi Bank, disamping risiko lainnya. Keempat risiko utama yang dihadapi Bank adalah risiko kredit, risiko pasar, risiko likuiditas, risiko operasional dengan melibatkan semua unsur dalam Bank dimana Dewan Komisaris dan Direksi mempunyai tugas memastikan penerapan manajemen risiko telah memadai sesuai kompleksitas dan profil risiko Bank serta memahami dengan baik jenis dan tingkat risiko yang melekat pada kegiatan bisnis Bank.

Based on the self-assesment conducted by Bank during the year of December 31, 2016 overall, composite rating of the level of risk profile faced by Bank is 2 (two). Various attempts to maintain the ratings on a composite rating 2 (two) continue to be performed, especially the improvement and evaluation of the four major risks faced by the Bank, in addition to other risks. The four key risks faced by the Bank are credit risk, market risk, liquidity risk, operational risk by involving all elements in Bank which is the Board of Commissioners and the Board of Directors have the role to ensure the implementation of risk management has been adequate in accordance with complexity and Bank’s risk profile and understand well the types and level of inherent risk on the Bank’s business activities.

Mekanisme pengelolaan risiko secara day to day dengan berdasarkan prinsip kehati-hatian telah dituangkan dalam beberapa kebijakan dan prosedur, yang merupakan aturan acuan dalam implementasi manajemen risiko pada seluruh kegiatan bisnis Bank yang meliputi kebijakan, strategi, organisasi, sistim informasi manajemen risiko, pengawasan risiko, pengelolaan produk dan aktivitas baru, Business Continuity Plan (BCP).

Day to day risk management mechanism based on conservatism principle that has been contained in several policies and procedures, which is a reference regulation in implementation of risk management in all the Bank’s business activities which are policy, strategy, organization, information system of risk management, risk monitoring, product management and new activity, Business Continuity Plan (BCP).

Untuk menjamin tercapainya praktik manajemen risiko terbaik pada Bank, kontribusi dari Komite Pemantau Risiko dan Komite Audit dinilai memadai dalam mendukung pelaksanaan tugas Dewan Komisaris. Komite Pemantau Risiko memiliki tanggung jawab dalam pemantauan dan evaluasi pelaksanaan manajemen risiko pada Perusahaan, sedangkan Komite Audit bertanggung jawab dalam pemantauan dan evaluasi pelaksanaan audit, pengendalian proses internal, dan pelaporan keuangan. Kedua komite pendukung Dewan Komisaris tersebut berperan sebagai organ komplementer bagi satu sama lain dalam hal melakukan pengawasan pada Bank, tetapi keduanya memiliki tanggung jawab di ranah yang berbeda.

In order to ensure the achievement of the best risk management practices at the Bank, contribution of the Risk Monitoring Committee and Audit Committee judged adequate in support the duty enforcement Board of Commissioners. The Risk Monitoring Committee has responsibility in monitoring and evaluation the implementation risk management at the Company, while the Audit Committee has responsibility in monitoring and evaluation the audit implementation, internal control, and financial reporting. Both committees supporting the Board of Commissioners act as complementary parts to one another in terms of conducting surveillance at the Bank, but both of them have responsibilities in different realms.

105



33. MANAJEMEN RISIKO - Lanjutan

33. RISK MANAGEMENT - Continued

Manajemen Risiko Aset dan Liabilitas

Risk Management Asset and Liabilities

Managemen Aset/Liabilitas adalah serangkaian tindakan dan prosedur yang dirancang untuk mengontrol posisi keuangan, dalam mendukung dan membantu pelaksanaan tugas direksi dalam memelihara struktur neraca yang kuat, Bank telah membentuk Asset and Liability Committee (ALCO) yang diketuai oleh Direktur Utama (merangkap anggota), dengan anggota lainnya terdiri dari 2 (dua) orang direktur, Kepala Divisi Treasuri, Kepala Divisi Kredit dan Marketing, Kepala Divisi Operasional, Pimpinan Kantor Pusat Operasional, Pimpinan Cabang, dan Kepala Satuan Kerja Manajemen Risiko.

Management Assets/Liabilities is a set of actions and procedures designed to control financial position, to support and assist the implementation of director’s duty in maintaining the structure of strong balance sheet, the Bank has established the Asset and Liability Committee (ALCO) which is chaired by President Director (also a member), with other members consisting of 2 (two) directors, Head of Treasury Division, Head of Credit and Marketing Division, Head of Operational Division, Head of Operational Head Office, Head of Branch Office, and Head of Risk Management Unit.

ALCO bertanggung jawab untuk mengevaluasi, mengusulkan, dan menetapkan strategi pendanaan dan investasi Bank. Ruang lingkup ALCO adalah mengelola risiko likuiditas, risiko tingkat suku bunga, dan risiko nilai tukar valuta asing; meminimalkan biaya pendanaan serta mempertahankan likuiditas pada saat yang bersamaan; dan mengoptimalkan perolehan pendapatan bunga Bank dengan mengalokasikan dana pada aset produktif secara hati-hati

ALCO is responsible for evaluating, proposing, and establishing the strategy of Bank’s funding and investment. The scope of ALCO is to manage liquidity risk, interest rate risk and foreign exchange risk; minimize funding costs and maintain liquidity at the same time; and optimize the acquisition of the Bank’s interest income by allocating funds in productive assets carefully.

Proses pengelolaan aset dan liabilitas Bank dimulai dengan pengkajian parameter ekonomi yang mempengaruhi Bank, yang umumnya terdiri dari tingkat inflasi, likuiditas pasar, yield curve, nilai tukar valuta asing terhadap rupiah, dan faktor makro ekonomi lainnya. Kajian tersebut oleh Satuan Kerja Manajemen Risiko dilaporkan kepada Asset and Liability Committee (ALCO). ALCO kemudian akan menentukan strategi bisnis dalam penetapan tingkat bunga simpanan dan kredit berdasarkan kondisi, kebijakan dan pengalokasian dana, evaluasi kewajiban- kewajiban Bank, pemantauan laba bank yang telah dicapai serta memonitor posisi likuiditas.

The process of managing the Bank’s assets and liabilities starts with an assessment of economic parameters affecting the Bank, which generally consist of inflation rate, market liquidity, yield curve, the exchange rate of foreign currency, and other macro economic factors. The review by the Risk Management Unit reported to the Asset and Liability Committee (ALCO). Then ALCO will define the business strategy in the setting of interest rates on deposits and loans based on the conditions, policies and funding allocation, evaluation of the Bank obligations, monitoring of bank earnings that have been achieved as well as monitoring its liquidity position.

Risiko Kredit

Credit Risk

Risiko Kredit adalah risiko yang timbul sebagai akibat kegagalan counterparty memenuhi liabilitasnya. Bank melakukan pengelolaan risiko kredit dengan menyusun strategi dan kerangka kerja serta menjalankan upaya mitigasi risiko atas aspek bisnis perkreditan mikro, retail, komersial, maupun konsumsi, penempatan antar Bank serta pembelian surat berharga.

Credit risk is risk which arises as a result of counterparty failure fulfilling the obligation. The Bank manages credit risk by developing strategies and frameworks as well as running the risk mitigation efforts on the business aspects of micro lending, retail, commercial, nor consumption, inter Bank placements and purchases of securities.

Untuk menjaga agar kualitas kredit Bank tetap terjaga dengan baik, maka pemantauan terhadap kualitas kredit terus dilakukan secara rutin, baik per kategori kredit (Retail, Komersial, dan Konsumsi) maupun portofolio kredit secara keseluruhan. Sistem pengukuran profil risiko debitur, prosedur, sistem manajemen risiko, system data base dan organisasi perkreditan terus disempurnakan dengan penekanan kepada penerapan prinsip “empat mata” (four eyes principle) dimana keputusan kredit diambil berdasarkan pertimbangan dari dua sisi, yaitu sisi pengembangan bisnis dan sisi analisis risiko kredit.

In order to keep the credit quality of the Bank maintained properly, then the monitoring of the credit quality continues to be done on a regular basis, either by loan category (Retail, Commercial, and Consumption) as well as overall loan portfolio. Debtor risk profile measurement system, procedures, risk management systems, database systems and credit organizations continue to be refined with an emphasis on the application of the "four eyes" principle (four eyes principle) where credit decisions are taken based on the consideration of the two sides, namely the development of the business side and the credit risk analysis side.

106





Risiko Kredit – lanjutan

Credit Risk – continued

Bank juga membentuk Komite Kredit untuk membantu Direksi mengevaluasi dan/atau memberikan keputusan kredit sesuai batas wewenangnya melalui Rapat Komite Kredit atau Surat Edaran Direksi. Fungsi pokok Komite Kredit adalah:

The bank also formed a Credit Committee to help the Board of director evaluate and/or provide credit decisions in accordance with the limits of its authority through the Credit Committee Meeting or Directors Circular Letter. The major functions of Credit Committee are:

1. Memastikan bahwa seluruh aspek telah memenuhi prinsip pemberian kredit yang sehat sesuai dengan Pedoman Kebijakan Perkreditan Bank; 2. Memastikan bahwa kredit yang diberikan tidak melanggar prinsip kehati-hatian; 3. Meyakini bahwa kredit yang akan diberikan dapat dilunasi pada saat jatuh tempo berdasarkan analisis terhadap permohonan yang diajukan oleh Calon Debitur; 4. Memberikan persetujuan atau penolakan atas permohonan kredit setelah memperoleh informasi yang cukup dari pengusul; dan 5. Memberikan persyaratan tertentu (jika dipandang perlu) sebagai salah satu bentuk mitigasi risiko kredit yang mungkin akan timbul.

1. To ensure that all aspects have been fulfilling the principle of sound lending in accordance with the Bank's Credit Policy Guidance; 2. To ensure that the loans do not violate the principle of prudence; 3. Convinced that the loan will be given can be repaid at maturity based on an analysis of the application filed by the prospective debtor;

Bank telah mengembangkan pengelolaan risiko kredit dengan melakukan analisis stress testing secara berkala terhadap portofolio kredit serta melakukan monitoring terhadap hasil stress testing tersebut. Stress testing bermanfaat bagi Bank sebagai alat untuk memperkirakan besarnya dampakrisiko pada “stressful condition” sehingga Bank dapat membuat strategi yang sesuai untuk memitigasi risiko tersebut sebagai bagian dari pelaksanaan “contingency plan”.

The Bank has developed credit risk management by conducting regular stress testing analysis of the loan portfolio as well as the monitoring of the results of the stress testing. Stress testing is beneficial for the Bank as a tool for estimating the impact of risk on the "stressful condition" so that the Bank can make appropriate strategies to mitigate these risks as part of the implementation of the "contingency plan".

Dalam melakukan pengelolaan risiko kredit Bank sangat memperhatikan hal-hal yang meliputi sumber daya manusia yang sadar risiko, proses persetujuan kredit yang transparan dan berjenjang oleh Komite Kredit, tata cara, kriteria dan alat ukur risiko yang jelas, administrasi dan dokumentasi yang lengkap serta pengawasan kredit secara berkesinambungan terhadap kualitas kredit yang diberikan, monitoring atas debitur dan mengambil tindakan yang diperlukan agar kualitas kreditnya tidak menjadi Non Performing Loans (NPL) melakukan penagihan secara intensif terhadap debitur bermasalah, melakukan kaji ulang dan mengevaluasi indikator aspek risiko dan kepatuhan untuk mengevaluasi penerapan four eyes principles, mengintensifkan rapat komite pemutus kredit untuk pemberian kredit dengan plafon besar, dan secara konsisten memantau kredit dalam rangka ekspansi kredit yang sehat dan berkualitas.

In conducting credit risk management, the Bank was very concerned of several things including human resource who aware of the risks, transparent and gradual credit approval process by Credit Committee, procedures, criteria and a distinctive risk measuring tool, administration and complete documentation and continuously credit monitoring of loans quality, monitoring of debtors and taking actions needed to avoid the credit quality become Non Performing Loans (NPL), do intensive billing to nonperforming debtors, reviewing and evaluating indicator of risk and compliance aspects for evaluating implementation of four eyes principles, intensify meeting of credit committee decision for giving credit with large plafond, and consistently monitor credit in order to expand healthy and quality credit.

Selama tahun 2016, pemberian kredit kepada pihak terkait dan pihak tidak terkait masih dalam Batas Maksimum Pemberian Kredit (BMPK) yang ditetapkan oleh Bank Indonesia.

During 2016, loans granted to related parties and third parties are still within Legal Lending Limit (LLL) required by Bank Indonesia

107

4. Provide approval or rejection on credit application after obtaining sufficient information from proposer; and 5. Provide certain requirements (if deemed necessary) as one form of credit risk mitigation that might arise.





Risiko Kredit - Lanjutan

Credit Risk - Continued

Untuk tahun berakhir 31 Desember 2016 profil risiko kredit Bank berada pada peringkat 2 (dua).

For the year ended December 31, 2016, rating of the Bank’s loan risk profile is 2 (two).

a. Eksposur Maksimum Terhadap Risiko Kredit

a. Maximum Exposure to Credit Risk

Dalam aset keuangan yang diakui di laporan posisi keuangan, eksposur maksimum terhadap risiko kredit sama dengan nilai tercatatnya. Untuk bank garansi yang diterbitkan, eksposur maksimum terhadap risiko kredit adalah nilai yang harus dibayarkan oleh Bank jika kewajiban atas bank garansi yang diterbitkan terjadi atau terealisasi. Untuk komitmen kredit, eksposur maksimum atas risiko kredit adalah sebesar jumlah fasilitas yang belum ditarik dari nilai penuh fasilitas kredit yang telah disepakati (committed) kepada nasabah.

In the financial assets that are recognized in the statement of financial position, the maximum exposure to credit risk is equal to its carrying value. For bank guarantees issued, the maximum exposure to credit risk is a value that must be paid by the Bank if the liabilities for bank guarantees issued occur or be realized. For credit commitments, the maximum exposure to credit risk is equal to the number of facilities that have not been withdrawn from the full value of the agreed credit facility (committed) to customers.

Tabel berikut menyajikan eksposur maksimum risiko kredit Bank atas instrumen keuangan pada laporan posisi keuangan (on- balance sheet) dan rekening administratif (off- balance sheet), tanpa memperhitungkan agunan yang dimiliki atau perlindungan kredit lainnya.

The following table presents the Bank's maximum exposure to credit risk on financial instruments in the statement of financial position (on-balance sheet) and administrative accounts (off-balance sheet), without calculated collateral or other loan protection.



99.900.870.882

120.675.625.707

14.240.149.088

2.111.506.118

234.945.114.871

171.252.820.499

Statement of Financial Position Demand deposits with Bank Indonesia Demand deposits with other banks Placements with Bank Indonesia and other banks

109.475.993.411 37.602.000.000 1.379.142.711.825 1.875.306.840.077

18.727.130.000 161.437.518.020 1.454.447.155.350 1.928.651.755.694

Financial asset for trading Securities for investment Reverse repo bank indonesia Loans - net Total

Rekening Administratif Garansi yang diterbitkan

250.000.000

524.750.000

Administrative Accounts Guarantees issued

Jumlah

250.000.000

524.750.000

Total

Laporan Posisi Keuangan Giro pada Bank Indonesia Giro pada bank lain Penempatan pada Bank Indonesia dan bank lain Aset keuangan untuk diperdagangkan Efek-efek untuk tujuan investasi Reverse Repo Bank Indonesia Kredit yang diberikan - bersih Jumlah

b. Analisis Konsentrasi Risiko Kredit

b.

Analysis of Credit Risk Concentration

Bank mendorong adanya diversifikasi dari portofolio kreditnya pada berbagai wilayah geografis, industri, dan produk kredit sebagai upaya untuk meminimalkan risiko kredit.

Banks encourage the diversification of its loan portfolio in various geographic regions, industries, and credit products in an effort to minimize credit risk.

Tabel di bawah ini adalah Konsentrasi Kredit Bank yang menggambarkan pemberian kredit berdasarkan sektor ekonomi dan tujuan penggunaan kredit.

The following table is Bank’s Loan Concentration which describes loan based on economic sector and the intended use of credit.

108







b. Analisis Konsentrasi Risiko Kredit - Lanjutan

b. Analysis of Credit Risk Concentration - Continued

Konsentrasi Kredit Bank berdasarkan sektor ekonomi adalah sebagai berikut:

31 Desember/December 31 2016 Rp %

Bank’s Loan Concentration based on economic sector are as follows:

31 Desember/December 31 2015 Rp %

S ektor Ekonomi: Pertanian, perburuan, dan kehutanan Perikanan Pertambangan Industri pengolahan

3.822.060.094 6.129.685.377 18.157.213.638

0,13 0,38 1,30

2.962.115.955 9.199.080.253 21.353.111.720

0,20 0,61 1,42

137.394.770.175

9,89

147.265.792.341

9,78

Listrik, gas and air Konstruksi Perdagangan

16.407.021.484 662.662.374.508

0,00 1,17 46,31

268.918.993 44.842.284.756 730.611.185.843

0,02 2,98 48,53

85.911.889.160

6,07

119.672.686.805

7,95

26.325.127.509

1,88

26.615.833.632

1,77

Perantara keuangan

182.629.338.272

13,06

147.659.836.105

9,81

Real estate, usaha persewaan, dan jasa perusahaan Jasa pendidikan

119.559.463.813 5.786.900.337

8,65 0,43

110.300.132.219 1.132.803.202

7,33 0,08

Manufacturing Electricity, gas and water Construction Trading Provision of accomodation, food, and beverage Transportation, warehousing,and communication Financial intermediaries Real estate, leasing services and servicing company Educational services

4.529.332.265 18.747.592.722 110.401.644.723 1.398.464.414.077

0,32 1,33 9,07 100,00

3.046.132.402 9.857.427.312 130.547.297.381 1.505.334.638.919

0,20 0,65 8,67 100,00

Health services and social activities Social services Others Total

Penyediaan akomodasi dan makan minum Transportasi pergudangan, dan komunikasi

Jasa kesehatan dan kegiatan sosial Jasa kemasyarakatan Lain-lain Jumlah

Economic Sectors:

Konsentrasi Kredit Bank berdasarkan penggunaan kredit adalah sebagai berikut:

jenis

31 Desember/December 31 2016 Rp % Jenis Penggunaan M odal Kerja Investasi Konsumsi Jumlah

960.924.177.409 327.138.591.945 110.401.644.723 1.398.464.414.077

68,71 23,39 7,89 100,00

109

Agriculture, hunting, and forestry Fisheries Mining

Bank Loans Concentration by types of the use of loan are as follows:

31 Desember/December 31 2015 Rp % 940.068.954.742 434.775.341.748 130.490.342.429 1.505.334.638.919

62,45 28,88 8,67 100,00

Types of use Working Capital Investment Consumer Total









Tabel berikut menyajikan konsentrasi risiko kredit Bank berdasarkan pihak lawan, sebelum dikurangi cadangan kerugian penurunan nilai:

The following table states the Bank's credit risk concentration by counterparty, before deducted the allowance for impairment losses:

31 Desember 2016/December 31, 2016 Pemerintah dan Bank Indonesia/ Goverment Korporasi/ Corporate

and Bank Indonesia

Bank/ Bank

Perorangan/ Individu

Jumlah/ Total

Posisi Keuangan

Financial Position Demand


-

99.900.870.882

-

-

99.900.870.882

Giro pada bank lain

-

-

14.240.149.088

-

14.240.149.088

-

202.145.114.871

32.800.000.000

-

234.945.114.871

-

-

-

-

-

4.644.604.162

104.831.389.249

-

-

109.475.993.411

-

37.602.000.000

-

-

37.602.000.000

deposits with Bank Indonesia Demand deposits with other banks Placements with Bank Indonesia and other banks Financial assets for trading Securities for investment purposes Reverse repo Bank Indonesia

798.369.471.102 803.014.075.264

444.479.375.002

1.849.640.325 48.889.789.413

598.245.302.650 598.245.302.650

1.398.464.414.077 1.894.628.542.329

Loans Total

Penempatan pada Bank Indonesia dan bank lain Aset keuangan untuk diperdagangkan Efek-efek untuk tujuan investasi Reverse repo Bank Indonesia Kredit y ang diberikan Jumlah Dikurangi: Cadangan kerugian penurunan nilai Jumlah - bersih

Less:

14.369.782.350 788.644.292.914

444.479.375.002

2.570.887

4.949.349.015

19.321.702.252

48.887.218.526

593.295.953.635

1.875.306.840.077

Rekening

Allowance for impairment losses Total - net Administrative

Administratif

Accounts

Garansi y ang diterbitkan Jumlah Rekening

-

-

-

Administratif

-

-

-

110

250.000.000 250.000.000

250.000.000 250.000.000

Guarantee issued Total Administrative Account









Tabel berikut menyajikan konsentrasi risiko kredit Bank berdasarkan pihak lawan, sebelum dikurangi cadangan kerugian penurunan nilai: - lanjutan

The following table states the Bank's credit risk concentration by counterparty, before deducted the allowance for impairment losses: - continued

31 Desember 2015/December 31, 2015 Pemerintah dan Bank Indonesia/ Goverment Korporasi/

and Bank

Bank/

Perorangan/

Jumlah/

Corporate

Indonesia

Bank

Individu

Total

Posisi Keuangan

Financial Position Demand


-

Giro pada bank lain

-

Penempatan pada Bank Indonesia dan bank lain

-

102.952.820.499

-

18.727.130.000

Aset keuangan untuk diperdagangkan Efek-efek untuk tujuan investasi Kredit y ang diberikan Jumlah Dikurangi: Cadangan kerugian penurunan nilai Jumlah - bersih

33.364.635.954 848.479.544.258 881.844.180.212

-

120.675.625.707

2.111.506.118

-

2.111.506.118

68.300.000.000

-

171.252.820.499

-

18.727.130.000

-

161.437.518.020

deposits with Bank Indonesia Demand deposits with other banks Placements with Bank Indonesia and other banks Financial assets for trading Securities for investment purposes

1.505.334.638.919 1.979.539.239.263

Loans Total

120.675.625.707

-

-

-

125.057.868.865

3.015.013.201

367.413.445.071

3.197.261.236 76.623.780.555

653.657.833.425 653.657.833.425

Less:

42.915.913.234 838.928.266.978

367.413.445.071

2.591.136 76.621.189.419

7.968.979.199 645.688.854.226

50.887.483.569 1.928.651.755.694

Rekening

Allowance for impairment losses Total - net Administrative

Administratif Garansi y ang diterbitkan

Accounts 24.750.000

-

-

500.000.000

524.750.000

24.750.000

-

-

500.000.000

524.750.000

Jumlah Rekening Administratif

Guarantee issued Total Administrative

b. Analisis Risiko Kredit

Account

b. Credit Risk Analysis

Aset Keuangan yang Mengalami Penurunan Nilai Secara Individual

Financial Assets which Individually Impaired

Aset keuangan yang mengalami penurunan nilai secara individual adalah aset keuangan yang signifikan secara individual dan telah terdapat bukti objektif bahwa penurunan nilai individual telah terjadi setelah pengakuan awal aset keuangan tersebut.

Financial assets which impaired individually are financial assets that are individually significant and have objective evidence that an impairment individual has occurred after the initial recognition of the asset.

Sesuai kebijakan internal Bank, kredit yang ditentukan sebagai signifikan secara individual adalah kredit yang diberikan kepada debitur-debitur segmen komersial.

Corresponding Bank’s internal policies, credit defined as individually significant are loans given to debtors of commercial segment.

111



33. MANAJEMEN RISIKO – Lanjutan




b. Analisis Risiko Kredit – lanjutan

b. Credit Risk Analysis – continued

Aset Keuangan yang Tidak Signifikan Secara Individual dan Penurunan Nilainya Dinilai Secara Kolektif

Financial Assets That is Not Significant Individually and Collectively Assessed Impairment

Aset keuangan yang nilainya tidak signifikan secara individual adalah kredit dan piutang yang diberikan oleh Bank kepada debitur- debitur segmen ritel yaitu debitur kredit Usaha Mikro dan Kecil (UMK), kredit pembiayaan konsumen (termasuk kredit pembiayaan bersama), dan kredit pemilikan dan perbaikan rumah.

Financial assets value which is not individually significant are loans and receivables given by banks to debtors retail segments, namely debtors Micro and Small Enterprises (SME), consumer financing loans (including credit co- financing), and housing loans.

Bank menentukan penurunan nilai aset keuangan yang tidak signifikan secara individual dan secara kolektif, dengan mengelompokkan aset keuangan tersebut berdasarkan karakteristik risiko yang serupa.

Bank determines the impairment of financial assets that are not significant individually and collectively, by classifying the financial assets based on similar credit risk characteristics.

Nilai tercatat aset keuangan yang tidak signifikan secara individual dan penurunan nilainya dinilai secara kolektif yang telah jatuh tempo lebih dari 90 (sembilan puluh) hari pada tanggal 31 Desember 2016 dan 2015 masing-masing sebesar Rp 14.630.350.665 dan Rp 8.696.258.359.

The carrying values of financial assets that are not significant individually and collectively impaired that has been overdue for more than 90 (ninety) days as of December 31,2016 and 2015 are Rp 14,630,350,665 and Rp 8,696,258,359, respectively.

Aset Keuangan yang Lewat Jatuh Tempo Tetapi Tidak Mengalami Penurunan Nilai

Financial Impaired

Termasuk dalam aset keuangan yang jatuh tempo dan tidak mengalami penurunan nilai adalah aset keuangan yang tidak mengalami penurunan nilai secara individual dan telah dikelompokkan berdasarkan karakteristik risiko yang serupa, untuk menilai penurunan nilainya secara kolektif atas kerugian yang telah terjadi tetapi belum dilaporkan (incurred but not yet reported).

Included in the financial assets that have matured and not impaired are financial assets that are not impaired on an individual basis and have been categorized based on similar credit risk characteristics, to assess impairment for losses collectively that have been incurred but not yet reported (incurred but not yet reported)

c. Agunan

Assets That are Past Due But Not

c. Collateral

Bank memiliki kebijakan bahwa setiap kredit yang diberikan harus dicover dengan agunan (Collateral Base), baik berupa barang bergerak dan/atau barang tidak bergerak dengan nilai yang memadai dan dilakukan pengikatan sesuai dengan ketentuan hukum yang berlaku. Kredit tanpa agunan hanya dapat diberikan untuk kredit berupa Kredit Sindikasi, Kredit Multi Fungsi, dan Jenis Kredit lainnya berdasarkan Keputusan Direksi atau Komite Kredit.

112

Bank has a policy that any credit provided should be covered by collateral (Collateral Base), either in the form of movable goods and/or goods immovable with sufficient value and made binding in accordance with the provisions of applicable law. Unsecured credit can only be provided to the credit of the Syndicated Credit, Credit Multi Function, and Other Type of Credit based on the Decision of the Board of Directors or the Credit Committee.







c. Agunan – lanjutan

c. Collateral – continued

Agunan digunakan untuk memitigasi eksposur risiko kredit dan kebijakan mitigasi risiko menentukan jenis agunan yang dapat diterima Bank. Bank membedakan jenis agunan berdasarkan likuiditas dan keberadaan agunan menjadi agunan solid dan non-solid. Agunan solid adalah agunan yang memiliki nilai likuiditas relatif tinggi dan/atau keberadaannya tetap (tidak berpindah-pindah tempat) seperti cash collateral dan tanah/bangunan, sehingga dapat segera dicairkan atau diambil alih oleh Bank pada saat pinjaman debitur/grup debitur masuk dalam kategori bermasalah. Agunan non-solid adalah agunan yang memiliki nilai likuiditas relatif rendah dan/atau keberadaannya tidak tetap (berpindahpindah tempat) seperti kendaraan bermotor, mesin, persediaan, piutang, dan lain-lain.

The collateral used to mitigate credit risk exposure and risk mitigation policies specify the types of collateral that can be received by the Bank. Bank distinguishes the types of collateral based on the liquidity and the existence of collateral collateral becomes solid and non- solid. Collateral solid is a mortgage that has a value of liquidity is relatively high and/or existence was kept under (are not itinerant) such as cash collateral and land/buildings, so it can be cashed or taken over by the Bank when the loan debtor/group debtors fall into the troubled category. Non-solid collateral is collateral that has a relatively low liquidity value and/or existence is not fixed (itinerant) such as vehicles, machinery, inventory, accounts receivable, and others.

Rincian dari aset keuangan dan non- keuangan yang diperoleh Bank melalui pengambilalihan kepemilikan agunan yang merupakan jaminan terhadap aset keuangan yang dimiliki, yang disajikan sebesar nilai yang lebih rendah antara nilai tercatat dan nilai realisasi bersih diakun aset lain-lain adalah sebagai berikut

The details of the financial and non-financial assets obtained by the Bank through the acquisition of ownership of collateral which is insurance against financial assets held, which is stated at the lower of carrying amount and net realizable value on account of other assetsare as follows

31 Desember 2016 December 31, 2016 Rumah tinggal Rumah toko Tanah Properti komersial lainya Nilai wajar

66.030.473.704 11.019.431.107 467.500.000

29.484.452.248 8.286.431.107 467.500.000

921.114.247 78.438.519.058

477.114.247 38.715.497.602

Pada umumnya, Bank tidak menggunakan agunan non-kas yang diambil alih untuk keperluan operasional sendiri. Realisasi agunan yang diambilalih dilakukan dalam rangka penyelesaian kredit.

Residential Shophouse Land Others commercial property Fair value

In general, the Bank does not use non-cash collateral which is taken over for their operational purposes. The realization of collateral taken is done in the context of loan settlement.

d. Aset Keuangan Diperdagangkan

d. The Traded Financial Assets

Informasi tentang kualitas kredit dari eksposur maksimum risiko kredit aset keuangan untuk diperdagangkan adalah sebagai berikut:

Information about credit quality of the maximum exposure to credit risk of financial assets held for trading are as follows:

31 Desember 2016 December 31, 2016 Surat berharga pemerintah Investment grade Nilai wajar



-

113

18.727.130.000 18.727.130.000

Government securities Investment grade Fair value







e. Efek-efek Untuk Tujuan Investasi

e. Securities For Investment Purposes

Informasi tentang kualitas kredit dari eksposur maksimum risiko kredit aset keuangan untuk tujuan investasi adalah sebagai berikut:

31 Desember 2016 December 31, 2016 Surat berharga pemerintah Investment grade Surat berharga korporasi Investment grade Nilai wajar

Information about the credit quality of the maximum exposure to credit risk of financial assets for investment purposes are as follows:


104.831.389.249

125.057.868.865

4.644.604.162 109.475.993.411

36.379.649.155 161.437.518.020

Government securities Investment grade Corporate securities Investment grade Fair value

Risiko Pasar

Market risk

Risiko pasar (market risk) merupakan risiko yang timbul karena adanya pergerakan variabel pasar (adverse movement) dari portofolio yang dimiliki oleh Bank, yang merugikan Bank.

Market risk is risk arising from movement in market variables of the portfolio (adverse movement) held by the Bank, which adverse the Bank.

a. Risiko Tingkat Suku Bunga

a. Interest Rate Risk

Komponen utama kewajiban Bank yang sensitif terhadap pergerakan tingkat suku bunga adalah simpanan dari nasabah, sedangkan aset Bank yang sensitif adalah obligasi pemerintah, efek-efek untuk tujuan investasi, dan kredit yang diberikan. ALCO secara berkala memantau perkembangan pasar dan menyesuaikan tingkat suku bunga simpanan dan kredit yang diberikan.

The main components of Bank's liabilities which are sensitive to movements in interest rates are deposits from customers, while the Bank’s sensitive assets are government bonds, securities for investment purposes, and loans. ALCO regularly monitor market developments and adjust interest rates on provided deposits and loans.

Bank melakukan pengukuran IRRBB (Interest Rate Risk in the Banking Book) untuk mengetahui dampak perubahan suku bunga terhadap EVE (Economic Value of Equity) dan NII (Net Interest Income) dengan menghitung gap antara RSA (Rate Sensitive Asset) dan RSL (Rate Sensitive Liabilities).

Bank performs IRRBB measurements (Interest Rate Risk in the Banking Book) to determine the impact of changes in interest rate on EVE (Economic Value of Equity) and NII (Net Interest Income) by calculating the gap between RSA (Rate Sensitive Assets) and RSL (Rate Sensitive Liabilities).

Banking book adalah semua aset keuangan/posisi lainnya yang tidak termasuk dalam trading book. Untuk pengukuran risiko suku bunga pada trading book, Bank menggunakan metode standar Bank Indonesia untuk perhitungan pelaporan KPMM Bank.

Banking book is that all financial assets / other positions that are not included in trading book. For the measurement of interest rate risk in the trading book, the Bank uses the standard method for the calculation of Bank Indonesia reporting CAR of the Bank.

114





Risiko Pasar – lanjutan

Market risk – ccontinued

a. Risiko Tingkat Suku Bunga – lanjutan

a. Interest Rate Risk – continued

Bank menentukan tingkat suku bunga simpanan dari nasabah berdasarkan kondisi pasar dan persaingan dengan memantau pergerakan tingkat suku bunga acuan dan suku bunga yang ditawarkan oleh bank pesaing. Tingkat suku bunga simpanan pada umumnya bervariasi tergantung pada jangka waktu dan besarnya simpanan. Tingkat suku bunga giro dan tabungan bersifat mengambang dan ditinjau secara berkala sesuai dengan kondisi pasar, sedangkan tingkat suku bunga deposito berjangka bersifat tetap, sesuai dengan jangka waktunya. Tingkat suku bunga kredit ditetapkan dengan menambahkan marjin tertentu atas biaya pendanaan Bank (termasuk biaya pendanaan GWM).

The Bank determines interest rates on deposits from customers based on market conditions and competition by monitoring the movement of the reference rate and interest rates offered by competing banks. Interest rates on deposits generally vary depending on the duration and magnitude of savings. The interest rates on current and savings accounts are floating and reviewed periodically in accordance with market conditions, while the time deposit interest rate is fixed, according to the time period. Credit interest rate is determined by adding a certain margin above the Bank's funding costs (including the financing costs GWM).

Risiko tingkat suku bunga arus kas adalah risiko dimana arus kas masa depan dari suatu instrument keuangan berfluktuasi karena perubahan suku bunga pasar. Risiko nilai wajar suku bunga adalah risiko dimana nilai wajar dari suatu instrumen keuangan berfluktuasi karena perubahan suku bunga pasar. Bank memiliki eksposur terhadap fluktuasi tingkat suku bunga pasar yang berlaku, baik atas risiko nilai wajar maupun arus kas.

Interest rate risk of cash flow is the risk that the future cash flows of a financial instrument fluctuate because of changes in market interest rates. Fair value interest rate risk is the risk that the fair value of a financial instrument fluctuated because of changes in market interest rates. Bank has exposure to fluctuations in market interest rates prevailing, either over fair value risk or cash flow.

Tabel berikut merangkum aset dan liabilitas keuangan Bank (tidak untuk tujuan diperdagangkan) pada nilai tercatat, yang dikelompokkan menurut mana yang lebih awal antara tanggal repricing atau tanggal jatuh tempo kontraktual:

The following table summarizes the Bank's assets and financial liabilities (that are not for trading purposes) in carrying amount, classified according to which is the earlier of the date of repricing or contractual maturity date:

31 Desember 2016/December 31, 2016 Suku Bunga Mengambang/ Floating Interest Rate

Suku Bunga Tetap/Fixed Interest Rate > 1 bulan -

Tidak

1 tahun/

dikenakan

< 3 bulan/

> 3 bulan/

< 3 bulan/

> 1 month -

> 1 tahun/

bunga/

< 3 months

> 3 months

< 3 months

1 year

> 1 year

Interest bearing

ASET KEUANGAN/ FINANCIAL ASSETS Giro pada Bank Indonesia/ Demand deposits with Bank Indonesia/ Giro pada bank lain/ Demand deposits with other banks

23.054.047.127

-

-

-

-

14.240.149.088

-

-

-

-

115

76.846.823.755

-




33. RISK MANAGEMENT – Continued




a. Interest Rate Risk – continued 31 Desember 2016/December 31, 2016

Suku Bunga Mengambang/ Floating Interest Rate


Tidak

1 tahun/

dikenakan

< 3 bulan/

> 3 bulan/

< 3 bulan/

> 1 month -

> 1 tahun/

bunga/

< 3 months

> 3 months

< 3 months

1 year

> 1 year

Interest bearing

ASET KEUANGAN/ FINANCIAL ASSETS Penempatan pada Bank Indonesia dan bank lain/ Placements with Bank Indonesia and other banks Efek-efek untuk tujuan tujuan investasi/ Securities for investment purposes Kredit/ Loans

-

192.788.263.382

-

234.445.114.871

500.000.000

-

-

14.221.412.142

95.254.581.269

-

49.878.850

313.477.003

5.001.000.568

-

234.494.993.721

15.034.889.145

100.255.581.837

76.846.823.755

2.133.464.347

-

-

-

-

1.304.294.652.035

64.941.183.523

2.133.464.347

-

(1.069.799.658.314)

(49.906.294.378)

98.122.117.490

76.846.823.755

1.200.311.794.275

Jumlah aset keuangan/ Total financial assets

230.082.459.597

1.200.311.794.275

LIABILITAS KEUANGAN/ FINANCIAL LIABILITIES Simpanan dari nasabah/ Deposits from customers Simpanan dari bank lain/ Deposits from other banks

242.598.227.993

-

1.258.804.962.797

25.390.317.337

-

45.489.689.238

64.941.183.523

Jumlah liabilitas keuangan/ Total financial liabilities

267.988.545.330

-

Gap repricing suku bunga/ Interest rate gap repricing

(37.906.085.733)

1.200.311.794.275

116








a. Interest Rate Risk – continued 31 Desember 2015/December 31, 2015

Suku Bunga Mengambang/ Floating Interest Rate


Tidak

1 tahun/

dikenakan

< 3 bulan/

> 3 bulan/

< 3 bulan/

> 1 month -

> 1 tahun/

bunga/

< 3 months

> 3 months

< 3 months

1 year

> 1 year

Interest bearing

ASET KEUANGAN/ FINANCIAL ASSETS Giro pada Bank Indonesia/ Demand deposits with Bank Indonesia/ Giro pada bank lain/ Demand deposits with other banks Penempatan pada Bank Indonesia dan bank lain/ Placements with Bank Indonesia and other banks Efek-efek untuk tujuan tujuan investasi/ Securities for investment purposes Kredit/ Loans Jumlah aset

40.225.208.569

-

-

-

-

2.111.506.118

-

-

-

-

-

-

-

-

-

-

-

216.173.374.835

1.289.161.264.084

258.510.089.522

1.289.161.264.084

169.252.820.499

-

2.000.000.000

50.231.363.131 -

111.206.154.889 -

80.450.417.138

-

keuangan/ Total financial assets

169.252.820.499

52.231.363.131

55.210.174.190

111.206.154.889

80.450.417.138

LIABILITAS KEUANGAN/ FINANCIAL LIABILITIES Simpanan dari nasabah/ Deposits from customers Simpanan dari bank lain/ Deposits form other banks

240.669.728.427

-

1.298.312.363.270

20.087.320.955

-

58.617.000.000

260.757.049.382

-

1.356.929.363.270

55.210.174.190

(1.187.676.542.771)

(2.978.811.059)

-

-

-

-

-

-

-

Jumlah liabilitas keuangan/ Total financial liabilities Gap repricing suku bunga/ Interest rate gap repricing

(2.246.959.860)

1.289.161.264.084

117

111.206.154.889

80.450.417.138





Risiko Pasar - Lanjutan

Market Risk - Continued

b. Analisis Sensitivitas

b. Sensitivity Analysis

Berdasarkan laporan repricing gap, Bank melakukan analisis sensitivitas terhadap setiap perubahan (naik atau turun) suku bunga secara paralel sebesar 1% (satu persen), dengan asumsi:  perubahan suku bun ga komponen aset sama besar dengan perubahan suku bunga komponen liabilitas; dan  perubahan yang sama besar untuk setiap jangka waktu pada yield curve (parallel yield curve movement).

Based on repricing gap report, the Bank conducted a sensitivity analysis to each change (up or down) in parallel interest rate of 1% (one percent), with the following assumptions:  The changes in interest rates on asset components equal to the liability component changes in interest rates; and  The simillar changes for each length of time on the yield curve (parallel yield curve movement).

Analisis sensitivitas ini dilakukan secara berkala setiap bulan untuk kepentingan ALCO. Tabel berikut menunjukkan sensitivitas atas kemungkinan perubahan tingkat suku bunga pasar, dengan variabel lain dianggap tetap, terhadap pendapatan bunga bersih

This sensitivity analysis was carried out on a regular basis every month for the benefit of ALCO. The following table shows the sensitivity to the possibility of changes in market interest rates, with other variables held constant, to the net interest income:

31 Desember 2016 December 31, 2016 Penurunan pendapatan bunga bersih karena kenaikan suku bunga 1% secara paralel Kenaikan pendapatan bunga bersih karena penurunan suku bunga 1% secara paralel

(8.668)

8.668


(9.713)

9.713

Decrease on net interest income due to parallel increase 1% of interest rate Increase on net interest income due to parallel decrease 1% of interest rate

Bank melakukan pengukuran risiko suku bunga dengan menggunakan metodologi yang dapat mengidentifikasi risiko suku bunga dari portofolio aset dan liabilitas yang sensitif terhadap perubahan suku bunga.

The Bank measured interest rate risk by using method that can identify interest rate risk from portfolio of asset and liabilities that sensitive to the change of interest rate.

Pemantauan atas eksposur bank terhadap risiko pasar dilakukan oleh Asset and Liability Committee (ALCO) dengan melakukan kontrol (Asset and Liability Management (ALMA)) atas eksposur risiko pasar dalam parameter yang dapat diterima serta memaksimalkan tingkat pengembalian atas risiko.

Monitoring of bank exposure to market risk is performed by Asset and Liability Committee (ALCO) by controlling (Asset and Liability Management (ALMA)) of market risk exposure in a parameter that can be accepted as well as maximizing rate of return of the risk.

Untuk tahun yang berakhir 31 Desember 2016, profil risiko pasar Bank berada pada peringkat 2.

For the year ended December 31, 2016, rating of the Bank’s market risk profile is 2.

118





Risiko Likuiditas

Liquidity Risk

Risiko likuiditas muncul sebagai akibat dari mismatch struktur aset dan liabilitas Bank. Bank mengelola risiko likuiditas untuk memastikan kemampuan dalam memenuhi liabilitas kepada nasabah atau counterpart yang jatuh tempo dengan menjaga dan mempertahankan jumlah aset likuid yang cukup untuk membayar simpanan para nasabah, penyediaan dana dalam rangka pemberian kredit, pemenuhan kebutuhan likuiditas operasional dan menjaga agar jumlah aset yang jatuh tempo pada setiap periode dapat menutupi jumlah liabilitas yang jatuh tempo.

Liquidity risk arises as a result of the structural mismatch of assets and liabilities of the Bank. The Bank manages liquidity risk to ensure the ability to meet obligations to customers or counterparty maturing by keeping and maintaining the amount of liquid assets sufficient to pay the deposits from customers, the provision of funds for lending, fulfillment of liquidity operations and keep the amount of assets that matured in each period to cover the amount of matured liabilities.

Pengelolaan likuiditas Bank dilakukan dengan mengalokasikan penempatan dana pada Cadangan Utama (Primary Reserve), Cadangan Sekunder (Secondary Reserve), dan Cadangan Tertier (Tertiary Reserve) sesuai dengan kriteria dan limit yang ditetapkan. Fungsi pengelolaan kebutuhan likuiditas secara keseluruhan dilakukan oleh ALCO dan secara operasional oleh Divisi Treasuri.

The Bank's liquidity management is conducted by allocating the placement of funds in the Primary Reserve (Primary Reserve), Secondary Reserve (Secondary Reserve), and Tertiary Reserve (Tertiary Reserve) in accordance with the criteria and limits specified. The function of the overall management of liquidity needs conducted by ALCO and operationally by the Treasury Division.

Bank melakukan pengukuran risiko likuiditas dengan menggunakan perkiraan arus kas, maturity profile, dan rasio likuiditas.

Bank measures liquidity risk using estimated cash flows, maturity profile, and liquidity risk

Dalam pengukuran tersebut juga dilakukan stress testing untuk rangka mengetahui tingkat kemampuan Bank dalam menghadapi tekanan likuiditas pada kondisi pasar yang tidak normal.

The measurements also performed stress testing for order to determine the level of Bank's ability in facing liquidity pressures in unusual conditions of market.

Untuk mengantisipasi meningkatnya risiko likuiditas, upaya pengelolaan secondary reserve Bank dilaksanakan dengan lebih hati-hati sejalan dengan kondisi Loan to Funding Ratio (LFR) sehingga kondisi likuiditas secara keseluruhan dapat tetap terjaga dan terkendali.

To anticipate the increasing liquidity risk, the Bank's secondary reserve management efforts were undertaken more carefully in line with the Loan to Funding Ratio (LFR) so that the overall liquidity conditions can be maintained and controlled well.

Untuk tahun yang berakhir 31 Desember 2016, profil risiko likuiditas Bank berada pada peringkat 3.

For the year ended 31, 2016, rating of the Bank’s liquidity risk profile is 3.

Tabel berikut menyajikan arus kas kontraktual yang tidak didiskontokan dari liabilitas keuangan dan rekening administratif Bank berdasarkan periode tersisa sampai dengan tanggal jatuh tempo kontraktual:

The following table presents the cash flows from the contractual undiscounted financial liabilities and Bank’s administrative accounts based on the period remaining until the contractual maturity date:

31 Desember 2016/December 31, 2016 > 3 bulan Sampai dengan

1 tahun

Nilai tercatat/

1 bulan/

> 1 – 3 bulan

> 3 months -

> 1 – 5 tahun

Carrying amount

Until 1 month

> 1 – 3 months

1 year

> 1 – 5 years

Liabilitas

Financial

Keuangan

Liabilities Deposits from

Simpanan nasabah

1.568.477.838.660

1.230.514.853.304

251.437.017.434

72.068.125.406

14.457.842.516

customer Deposits from

Simpanan bank lain

70.880.006.575

65.652.046.696

5.227.959.879

-

-

other banks

6.096.401.417

6.096.401.417

-

-

-

Accrued interest

Bunga yang masih harus dibayar Liabilitas lain-lain Jumlah

870.550.000

-

-

-

870.550.000

Other liabilities

1.646.324.796.652

1.302.263.301.417

256.664.977.313

72.068.125.406

15.328.392.516

Total

119





Risiko Likuiditas - Lanjutan

Liquidity Risk - Continued

Tabel berikut menyajikan arus kas kontraktual yang tidak didiskontokan dari liabilitas keuangan dan rekening administratif Bank berdasarkan periode tersisa sampai dengan tanggal jatuh tempo kontraktual: lanjutan

The following table presents the cash flows from the contractual undiscounted financial liabilities and Bank’s administrative accounts based on the period remaining until the contractual maturity date:- continued


1 tahun

Nilai tercatat/

1 bulan/

> 1 – 3 bulan

> 3 months -

> 1 – 5 tahun

Carrying amount

Until 1 month

> 1 – 3 months

1 year

> 1 – 5 years

Rekening

Administrative

Administratif

Accounts

Fasilitas nasabah yang belum digunakan

183.176.819.202

17.890.645.406

41.490.309.883

123.040.823.794

755.040.119

Unused facilities

Bank garansi yang diterbitkan Jumlah

250.000.000

-

-

250.000.000

-

Guarantee issued

183.426.819.202

17.890.645.406

41.490.309.883

123.290.823.794

755.040.119

Total


1 tahun

Nilai tercatat/

1 bulan/

> 1 – 3 bulan

> 3 months -

> 1 – 5 tahun

Carrying amount

Until 1 month

> 1 – 3 months

1 year

> 1 – 5 years

Liabilitas

Financial

Keuangan

Liabilities Deposits from

Simpanan nasabah

1.594.192.265.887

1.325.728.954.644

202.656.697.816

56.854.371.758

8.952.241.669

customer Deposits from

Simpanan bank lain

78.704.320.955

73.704.320.955

5.000.000.000

-

-

other banks

6.952.714.843

6.952.714.843

-

-

-

Accrued interest

Bunga yang masih harus dibayar Liabilitas lain-lain Jumlah

783.000.000

-

-

-

783.000.000

Other liabilities

1.680.632.301.685

1.406.385.990.442

207.656.697.816

56.854.371.758

9.735.241.669

Total

Rekening

Administrative

Administratif

Accounts

Fasilitas nasabah yang belum digunakan

226.884.235.455

17.415.522.638

81.530.154.635

125.626.292.999

2.312.265.183

Unused facilities

Bank garansi yang diterbitkan Jumlah

524.750.000

-

300.000.000

224.750.000

-

Guarantee issued

227.408.985.455

17.415.522.638

81.830.154.635

125.851.042.999

2.312.265.183

Total

120






Liquidity Risk – Continued

Berikut adalah tabel analisa likuiditas (sisa jangka waktu jatuh tempo) dari aset dan liabilitas Bank pada tanggal 31 Desember 2016 dan 2015:

Tabel of liquidity analysis remaining (maturity time) of Bank’s assets and liabilities as of December 31, 2016 and 2015: 31 Desember 2016/December 31, 2016 Jatuh tempo/Maturity Sampai dengan

Klasifikasi/

Saldo/

Lain-lain/

1 tahun/

> 1 - 2 tahun/

> 2 - 5 tahun/

> 5 tahun/

Classification

Amount

Others

Until 1 year

> 1 - 2 years

> 2 - 5 years

> 5 years

ASET KEUANGAN/ FINANCIAL ASSETS Kas/Cash Giro pada Bank Indonesia/ Demand deposits with Bank Indonesia Giro pada bank lain/ Demand deposits with other banks Penempatan pada Bank Indonesia dan bank lain/ Placements with Bank Indonesia and other banks Efek-efek/ Securities Reverse repo Bank Indonesia Kredit - bersih/ Loans - net Pendapatan bunga y ang masih akan diterima/ Interest receivables Aset lain-lain/ Other asset

14.326.073.550

-

14.326.073.550

-

-

-

99.900.870.882

-

99.900.870.882

-

-

-

14.240.149.088

-

14.240.149.088

-

-

-

234.945.114.871

-

234.945.114.871

-

-

-

109.475.993.411

-

14.221.412.142

37.602.000.000

-

37.602.000.000

1.379.142.711.825

-

693.020.158.111

16.887.216.943

16.887.216.943

3.823.930.000

993.863.939

82.007.501.885

2.643.170.785

91.617.546.545

449.859.202.169

154.255.849.660

-

-

-

-

-

-

-

-

1.108.255.778.644

83.001.365.824

452.502.372.954

245.873.396.205

3.823.930.000

Jumlah aset/ Total assets

1.910.344.060.570

20.711.146.943

LIABILITAS KEUANGAN/ FINANCIAL LIABILITIES Liabilitas segera/ Obligation due Immediately Giro/Demand Deposits Tabungan/Saving Deposits Deposito berjangka/ Time deposits Simpanan dari bank lain/ Deposits from other banks Bunga y ang masih harus dibay ar/ Accrued interest Liabilitas lain-lain/ Other liability Jumlah liabilitas/ Total liabilities

10.509.975.262

-

10.509.975.262

-

-

-

130.797.824.828

-

130.797.824.828

-

-

-

109.666.938.818

-

109.666.938.818

-

-

-

1.328.013.075.014

-

1.328.013.075.014

-

-

-

70.880.006.575

-

70.880.006.575

-

-

-

-

6.096.401.417

6.096.401.417 870.550.000

-

-

-

-

-

-

-

1.655.964.221.914

-

-

-

83.001.365.824

452.502.372.954

245.873.396.205

870.550.000

1.656.834.771.914

870.550.000

253.509.288.656

19.840.596.943

Jumlah aset (liabilitas) keuangan - bersih/ Total financial assets (liabilities) - net

(547.708.443.270)

121






Liquidity Risk - Continued

Tabel analisa likuiditas (sisa jangka waktu jatuh tempo) dari aset dan liabilitas Bank pada tanggal 31 Desember 2016 dan 2015 – lanjutan

Tabel of liquidity analysis remaining (maturity time) of Bank’s assets and liabilities as of December 31, 2016 and 2015: - continued 31 Desember 2015/December 31, 2015 Jatuh tempo/Maturity Sampai dengan

Klasifikasi/

Saldo/

Lain-lain/

1 tahun/

> 1 - 2 tahun/

> 2 - 5 tahun/

> 5 tahun/

Classification

Amount

Others

Until 1 year

> 1 - 2 years

> 2 - 5 years

> 5 years

ASET KEUANGAN/ FINANCIAL ASSETS Kas/Cash Giro pada Bank Indonesia/ Demand deposits with Bank Indonesia Giro pada bank lain/ Demand deposits with other banks Penempatan pada Bank Indonesia dan bank lain/ Placements with Bank Indonesia and other banks Efek-efek/ Securities Kredit - bersih/ Loans - net Pendapatan bunga y ang masih akan diterima/ Interest receivables Aset lain-lain/ Other asset Jumlah aset/ Total assets

13.194.462.550

-

13.194.462.550

-

-

-

120.675.625.707

-

120.675.625.707

-

-

-

2.111.506.118

-

2.111.506.118

-

-

-

171.252.820.499

-

171.252.820.499

-

-

-

180.164.648.020

-

50.231.363.130

14.127.771.587

989.885.778

114.815.627.525

1.454.447.155.350

-

717.337.564.669

92.207.654.476

452.090.390.613

192.811.545.592

21.475.221.258

-

21.475.221.258

3.823.130.000

3.823.130.000

1.967.144.569.502

3.823.130.000

1.096.278.563.931

-

-

-

-

-

-

106.335.426.063

453.080.276.391

307.627.173.117

LIABILITAS KEUANGAN/ FINANCIAL LIABILITIES Liabilitas segera/ Obligation due Immediately Giro/Demand Deposits Tabungan/Saving Deposits Deposito berjangka/ Time deposits Simpanan dari bank lain/ Deposits from other banks Bunga y ang masih harus dibay ar/ Accrued interest Liabilitas lain-lain/ Other liability

4.443.636.515

-

4.443.636.515

-

-

-

138.369.771.873

-

138.369.771.873

-

-

-

102.299.956.553

-

102.299.956.553

-

-

-

1.353.522.537.461

-

1.353.522.537.461

-

-

-

78.704.320.955

-

78.704.320.955

-

-

-

6.952.714.843

-

6.952.714.843

-

-

-

-

-

-

-

-

-

783.000.000

783.000.000

-

1.685.075.938.200

783.000.000

1.684.292.938.200

282.068.631.302

3.040.130.000

(588.014.374.269)

Jumlah liabilitas/ Total liabilities Jumlah aset (liabilitas) keuangan - bersih/ Total financial assets (liabilities) - net

122

106.335.426.063

453.080.276.391

307.627.173.117





Risiko Operasional

Operational Risk

Risiko operasional adalah risiko yang disebabkan adanya ketidakcukupan dan/atau tidak berfungsinya proses internal (kebijakan dan sistem dan prosedur), kesalahan sistem, kesalahan manusia, atau adanya problem eksternal yang mempengaruhi operasional Bank. Untuk meminimalisasi risiko operasional pada setiap aktivitas fungsional, maka Bank menyusun kebijakan dan prosedur serta penetapan limit yang ditujukan untuk memantau secara intensif kerugian risiko operasional pada seluruh aspek operasional Bank.

Operational risk is the risk which is caused by insufficiency and/or disfunction of internal process (policy and system and procedure), system error, human error, or external problem, which influences the Bank’s operation. To minimize operational risks in each functional activity, the Bank shall formulate policies and procedures and limits that are designated for intensive monitoring of operational losses risk in all aspects of Banking operations.

Untuk tahun yang berakhir 31 Desember 2016, profil risiko operasional Bank berada pada peringkat 2.

For the year ended December 31, 2016, rating of the Bank’s operational risk profile is 2.

Penerapan Risk and Control Self Assessment (RCSA) pada seluruh satuan kerja di Bank ditujukan untuk membantu satuan kerja sebagai langkah pertahanan awal (first line of defense) dalam mengidentifikasi dan mengukur secara independent risiko operasional pada aktivitas fungsionalnya, melakukan pemantauan dan penetuan langkah-langkah perbaikan atau rencana tindak lanjut kedepan.

Risk and Control Self Assessment (RCSA) implementation on all working unit in the Bank is intended to help the working unit as a first line of defense in identifying and measuring operational risk independently on functional activities, monitoring and determining improvement steps or future action.

Satuan Kerja Manajemen Risiko (SKMR) sebagai second line of defense bertanggung jawab dalam melakukan pengembangan dan pengimplementasian kebijakan/prosedur, pengawasan, pengkajian, dan melakukan pemantauan proses manajemen risiko sebagai pedoman dalam penerapan manajemen risiko dengan mendukung satuan kerja operasional dalam mengembangkan kepedulian dan kepatuhan terhadap prinsip-prinsip manajemen risiko. Hal itu dilakukan pula dengan memanfaatkan hasil penilaian terhadap konsistensi pelaksanaan proses dan kecukupan pengendalian internal dalam penerapan risiko yang dilakukan oleh Satuan Kerja Audit Internal (SKAI).

Risk Management Unit (SKMR) as second line of defense responsible on improving and implementing policies/procedures, supervision, assessment, and monitoring risk management process as guidance on implementation risk management and support operational units on improving the consideration and compliance to management risk principle.It also conduct by utilizing the assessment of the implementation process consistency and adequacy of internal control on risk implementation which is conducted by internal audit unit (SKAI).

Risiko Lainnya

Other Risk

1. Risiko kepatuhan merupakan risiko yang disebabkan akibat Bank tidak mematuhi ketentuan perundangundangan yang berlaku. Bank mengelola risiko kepatuhan dengan melakukan penelaahan secara komprehensif untuk memastikan kesesuaian kebijakan standar operasi dan prosedur serta pengembangan produk baru dengan peraturan eksternal. Satuan kerja kepatuhan telah melaksanakan pengkajian dalam rangka mencegah penyimpangan terhadap peraturan perundangan-undangan dan ketentuan lain yang berlaku meliputi tindakan: 

Mewujudkan terlaksananya budaya kepatuhan pada semua tingkatan organisasi dan kegiatan usaha Bank;

123

2. 1. Compliance risk is a risk that arises because the Bank does not comply with legislation implementation. The Bank manages compliance risk by performing a comprehensive review to ensure conformity of standard policy operations and procedure and implementation of new product with external regulation. Compliance unit has implemented assessment, in order to prevent irregularities to the applicable legislation and the other regulation, includes: 

Realizing the implementation of compliance culture in all organization level and the business of the Bank;





Risiko Lainnya – Lanjutan

Other Risk - Continued



Mengelola risiko kepatuhan yang dihadapi oleh Bank, tindakan mengelola risiko kepatuhan dilaksanakan dengan mengacu pada ketentuan Bank Indonesia mengenai manajemen risiko bagi bank umum;



Managing compliance risks that faced by the Bank, compliance risk management actions implemented by referring to Bank Indonesia’s regulation about risk management for commercial banks;



Memastikan kepatuhan Bank terhadap komitmen yang dibuat oleh Bank kepada Otoritas Jasa Keuangan (OJK) dan atau otoritas pengawas lain yang berwenang.



Ensure the Bank's compliance with the commitments made by the Bank to the Financial Services Authority (FSA) and/or other competent supervisory authority.

Untuk tahun yang berakhir 31 Desember 2016, profil risiko kepatuhan Bank berada pada peringkat 2.

For the year ended December 31, 2016, rating of the Bank’s compliance risk profile is 2.

2. Risiko hukum adalah risiko yang disebabkan oleh adanya kelemahan aspek yuridis, yang antara lain berupa tuntutan hukum, ketiadaan peraturan perundang-undangan yang mendukung atau kelemahan perikatan seperti tidak terpenuhinya syarat sah kontrak dan pengikatan agunan yang tidak sempurna. Bank mengelola risiko hukum dengan memastikan seluruh aktivitas dan hubungan kegiatan usaha Bank dengan pihak ketiga didasarkan pada aturan dan persyaratan yang dapat melindungi kepentingan Bank dari segi hukum melalui:

2. Law risk is a risk which is caused by the weakness of juridical aspect, such as law demand, lack of supporting legislation or the weakness of engagement as unfulfillment of legitimate contract terms and imperfect binding collateral. Bank manages legal risk by ensuring all activities and relationship of business activities of the Bank with third parties based on the regulation and requirements that can protect the interests of the Bank in terms of the law through:



Peninjauan secara berkala dengan memastikan seluruh aktivitas dan hubungan kegiatan usaha Bank dengan pihak ketiga didasarkan pada aturan dan persyaratan yang dapat melindungi kepentingan Bank dari segi hukum



Periodic reviews to ensure that all activities and relationship of business activities of the Bank with third parties based on the rules and requirements that can protect the interests of the Bank in terms of the law;



Pengembangan budaya kepatuhan dan kepedulian terhadap risiko hukum kepada seluruh pegawai pada setiap jenjang organisasi secara berkelanjutan.



Development of compliance culture and awareness to legal risks to all employees at every level of the organization sustainably.

Untuk tahun yang berakhir 31 Desember 2016, profil hukum Bank berada pada peringkat 2.

For the year ended December 31, 2016, rating of the Bank’s law risk profile is 2.

3. Risiko reputasi adalah risiko yang antara lain disebabkan oleh adanya publikasi negatif yang terkait dengan kegiatan usaha Bank atau persepsi negatif terhadap Bank. Identifikasi risiko reputasi dilakukan pada faktor-faktor risiko yang melekat pada aktivitas fungsional yang mencakup keterbukaan (disclosure requirement), keluhan nasabah terhadap pelayanan Bank, perilaku karyawan Bank dalam melayani nasabah dan sistem komunikasi Bank serta seluruh aktivitas perbankan.

3. Reputation risk is a risk that caused by negative publicity related to the business activities of the Bank or negative perceptions to the Bank. Reputation risk identification performed on the factor of inherent risk in the functional activities that include transparency (disclosure requirement), customer complaints to the Bank’s services, behavior of the Bank's employees in serving customers and communication systems of the Bank and the whole banking system.

Untuk tahun yang berakhir 31 Desember 2016, profil risiko reputasi Bank berada pada peringkat 2.

For the year ended December 31, 2016, rating of the Bank’s reputation risk profile is 2.

124





Risiko Lainnya - Lanjutan

Other Risk - Continued

4. Risiko stratejik adalah risiko antara lain disebabkan adanya penetapan dan pelaksanaan strategi Bank yang tidak tepat, pengambilan keputusan rencana bisnis yang tidak tetap atau kurang responsifnya Bank terhadap perubahan eksternal. Pengelolaan risiko strategis melalui proses pertimbangan dan pengambilan keputusan setiap kebijakan secara kolektif dan komprehensif oleh Direksi dan Komitekomite yang telah dibentuk serta memantau realisasi rencana strategis dengan membandingkan target yang akan dicapai dan memastikan bahwa risiko yang akan diambil masih dalam batas toleransi.

4. Strategic risk is the risk caused by the establishment and implementation from inaccurate Bank's strategy, business plan decision-making that is not fixed or lack of the Bank’s responsiveness to external changes. Management of strategic risk through the consideration and decision-making process of each policy collectively and comprehensively by the Board of Directors and Committees that have been set up and monitoring the realization of strategic plan by comparing the target to be achieved and ensure that the risk that retrieved is still within tolerance limit.

Untuk tahun yang berakhir 31 Desember 2016, profil risiko stratejik Bank berada pada peringkat 3.

For the year ended December 31, 2016, rating of the Bank’s strategic risk profile is 3

34. ASET KEUANGAN KEUANGAN

DAN

LIABILITAS

34. FINANCIAL ASSETS AND LIABILITIES

31 Desember 2016/December 31, 2016 Diukur pada Nilai Wajar

Pinjaman

Dimiliki

Liabilitas

Total nilai

Melalui Laporan

yang diberikan

hingga

keuangan

tercatat/

Laba atau Rugi/

dan piutang/

jatuh tempo/

diamortisasi/

Total

wajar/

Fair Value Through

Loans and

Held to


carrying

Total fair

Profit or Loss

receivables

maturity

at amortized cost

amount

value

Total nilai

Aset

Assets

Kas

-

14.326.073.550

-

-

14.326.073.550

14.326.073.550


-

99.900.870.882

-

-

99.900.870.882

99.900.870.882

14.240.149.088

-

-

14.240.149.088

14.240.149.088

234.945.114.871

-

-

234.945.114.871

234.945.114.871

-

109.475.993.411

109.475.993.411 Held-to-maturity

Giro pada bank lain Penempatan pada Bank Indonesia dan Bank lain Efek-efek: Dimiliki hingga Jatuh tempo Diukur pada nilai wajar melalui laporan laba rugi Reverse repo Bank Indonesia Kredit y ang diberikan Pendapatan bunga y ang masih akan diterima Aset lain-lain

-

-

109.475.993.411

-

37.602.000.000 1.398.464.414.077

-

-

37.602.000.000 1.398.464.414.077

Fair value through profit or loss Reverse repo Bank 37.602.000.000 Indonesia 1.398.464.414.077 Loans

-

16.887.216.943 3.823.930.000

-

-

16.887.216.943 3.823.930.000

16.887.216.943 Interest receivables 3.823.930.000 Other assets

109.475.993.411

-

-

-

-

-

-

-

Jumlah aset keuangan

Total -

1.820.189.769.411

1.929.665.762.822

1.929.665.762.822

Liabilitas Liabilitas segera Simpanan dari nasabah Giro Tabungan Deposito Simpanan dari bank lain Bunga y ang masih harus dibay ar Liabilitas lain-lain

financial asset Liabilities

-

-

-

10.509.975.262

10.509.975.262

10.509.975.262

-

-

-

130.797.824.828 109.666.938.818 1.328.013.075.014

130.797.824.828 109.666.938.818 1.328.013.075.014

130.797.824.828 109.666.938.818 1.328.013.075.014

-

-

-

70.880.006.575

70.880.006.575

70.880.006.575

Obligations due immediately Deposits from customers Demand deposits Savings Time Deposits Deposits from other bank

-

-

-

6.096.401.417 870.550.000

6.096.401.417 870.550.000

6.096.401.417 870.550.000

Accrued interest Other liabilities

-

-

-

Jumlah liabilitas keuangan

Cash Demand deposits with Bank Indonesia Demand deposits with other banks Placements with Bank Indonesia and other banks Securities:

Total

125

1.656.834.771.914

1.656.834.771.914

1.656.834.771.914 financial liabilities

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 34. ASET KEUANGAN KEUANGAN - Lanjutan

DAN


LIABILITAS

34. FINANCIAL Continued

ASSETS

AND

–

LIABILITIES

31 Desember 2015/December 31, 2015 Diukur pada Nilai Wajar

Pinjaman

Dimiliki

Liabilitas

Total nilai

Melalui Laporan

yang diberikan

hingga

keuangan

tercatat/

Laba atau Rugi/

dan piutang/

jatuh tempo/

diamortisasi/

Total

wajar/

Fair Value Through

Loans and

Held to


carrying

Total fair

Profit or Loss

receivables

maturity

at amortized cost

amount

value

Total nilai

Aset

Assets

Kas

-

13.194.462.550

-

-

13.194.462.550

13.194.462.550


-

120.675.625.707

-

-

120.675.625.707

120.675.625.707

-

2.111.506.118

-

-

2.111.506.118

2.111.506.118

-

171.252.820.499

-

-

171.252.820.499

171.252.820.499

-

161.437.518.020

161.437.518.020 Held-to-maturity

Giro pada bank lain Penempatan pada Bank Indonesia dan Bank lain Efek-efek: Dimiliki hingga Jatuh tempo Diukur pada nilai wajar melalui laporan laba rugi Kredit y ang diberikan Pendapatan bunga y ang masih akan diterima Aset lain-lain

-

18.727.130.000 -

-

-

161.437.518.020

1.505.334.638.919

-

-

18.727.130.000 1.505.334.638.919

21.475.221.258 3.823.130.000

-

-

21.475.221.258 3.823.130.000

161.437.518.020

-

18.727.130.000 1.505.334.638.919

Fair value through profit or loss Loans

21.475.221.258 Interest receivables 3.823.130.000 Other assets


Cash Demand deposits With Bank Indonesia Demand deposit with other banks Placements with Bank Indonesia and other banks Securities:

Total 18.727.130.000

1.837.867.405.051

2.018.032.053.071

2.018.032.053.071

Liabilitas

financial assets Liabilities Obligations

Liabilitas segera Simpanan dari nasabah Giro Tabungan Deposito Simpanan dari bank lain Bunga y ang masih harus dibay ar Liabilitas lain-lain

-

-

-

4.443.636.515

4.443.636.515

4.443.636.515

-

-

-

138.369.771.873 102.299.956.553 1.353.522.537.461

138.369.771.873 102.299.956.553 1.353.522.537.461

138.369.771.873 102.299.956.553 1.353.522.537.461

-

-

-

78.704.320.955

78.704.320.955

78.704.320.955

due immediately Deposits from customers Demand deposits Savings Time Deposits Deposits from other bank

-

-

-

6.952.714.843 783.000.000

6.952.714.843 783.000.000

6.952.714.843 783.000.000

Accrued interest Other liabilities

-

-

-


Total 1.685.075.938.200

1.685.075.938.200

1.685.075.938.200 financial liabilities

Nilai wajar aset keuangan dan liabilitas keuangan di atas diukur dengan dasar sebagai berikut:

The fair values of the above financial assets and liabilities are determined based on the following:

Aset keuangan

Financial assets

Nilai wajar aset keuangan lancar (umumnya kurang dari satu tahun) seperti giro pada Bank Indonesia dan bank lain, penempatan pada Bank Indonesia dan bank lain, efek-efek, pendapatan bunga yang masih akan diterima dan aset lain-lain adalah sebesar nilai tercatat karena nilai tercatat tersebut telah mendekati estimasi nilai wajarnya.

The fair values of financial assets that are short- term in nature (generally less than one year) such as demand deposits with Bank Indonesia and other banks, placements with Bank Indonesia and other banks, securities, interest receivables and other asset represent their carrying amounts as these approximates their estimated fair values.

126


DAN


LIABILITAS


ASSETS

AND

LIABILITIES

-

Aset Keuangan – Lanjutan

Financial Assets – Continued

Estimasi nilai wajar kredit yang diberikan (umumnya kredit dengan bunga mengambang) merupakan nilai kini dari estimasi arus kas masa depan yang diharapkan akan diterima yang didiskontokan pada suku bunga pasar.

The estimated fair value of loans (normally floating interest bearing loans) represents the present value amount of estimated future cash flows expected to be received discounted at current market rates.

Nilai wajar untuk surat berharga yang dimiliki hingga jatuh tempo ditetapkan berdasarkan harga pasar atau harga kuotasi perantara (broker)/pedagang efek (dealer). Jika informasi ini tidak tersedia, nilai wajar diestimasi dengan menggunakan harga pasar kuotasi efek yang memiliki karakteristik kredit, jatuh tempo dan yield yang serupa.

The fair values of held-to-maturity marketable securities are based on the market prices or broker/dealer price quotations. When this information is not available, the fair value is estimated using quoted market prices for securities with similar credit, maturity and yield characteristics.

Liabilitas keuangan


Nilai wajar liabilitas keuangan lancar (biasanya kurang dari satu tahun) seperti simpanan dari nasabah dan bank lain, bunga yang masih harus dibayar dan liabilitas lainlain adalah sebesar nilai tercatat karena nilai tercatat tersebut telah mendekati estimasi nilai wajarnya.

The fair values of financial liabilities that are shortterm in nature (generally less than one year) such as deposits with customers and other banks, accrued interest and other liabilities represent their carrying amounts as these approximates their estimated fair values.

Estimasi nilai wajar simpanan tanpa jatuh tempo adalah sebesar jumlah terutang ketika utang tersebut harus segera dibayar pada saat ditagih

The estimated fair value of deposits with no stated maturity is equal to the amount owed when the debt must be paid at the time billed.

Hirarki nilai wajar

Fair value hierarchy

PSAK 68, “Pengukuran nilai wajar” mensyaratkan pengungkapan atas pengukuran nilai ajar dengan tingkat hirarki nilai wajar sebagai berikut:

SFAS 68, “Fair value measurement” requires disclosure of fair value measurements by level of the following fair value measurement hierarchy:

 harga kuotasian (tidak disesuaikan) dalam pasar aktif untuk aset atau liabilitas yang identik (tingkat 1);  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 derivasi dari harga) (tingkat 2); dan  input untuk aset atau liabilitas yang bukan berdasarkan data pasar yang dapat diobservasi (input yang tidak dapat diobservasi) (tingkat 3).

  quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1);

127

 inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (as derived from prices) (level 2); and  inputs for the asset or liability that are not based on observable market data (unobservable inputs) (level 3).


DAN


LIABILITAS


Tabel di bawah ini menyajikan instrumen keuangan yang diakui pada nilai wajar yang dikelompokkan berdasarkan hirarki nilai wajar: Jumlah tercatat/

ASSETS

AND

31 Desember 2016/December 31, 2016

Total carrying

Level 1/

Level 2/

Jumlah/

amount

Level 1

Level 2

Total Assets

14.326.073.550

-

14.326.073.550

14.326.073.550


Cash Demand deposits with

99.900.870.882

-

99.900.870.882

99.900.870.882

Bank Indonesia Demand deposits with

Giro pada bank lain

14.240.149.088

-

14.240.149.088

14.240.149.088

P enempatan pada

other banks Placements with

Bank Indonesia dan bank lain

Bank Indonesia 234.945.114.871

-

234.945.114.871

234.945.114.871

Efek-efek:

and other banks Securities:


109.475.993.411

109.475.993.411

-

109.475.993.411

-

-

-

-

1.398.464.414.077

-

1.398.464.414.077

1.398.464.414.077

Loans

16.887.216.943

-

16.887.216.943

16.887.216.943


3.823.930.000

-

3.823.930.000

3.823.930.000

Other assets

1.892.063.762.822

109.475.993.411

1.782.587.769.411

1.892.063.762.822

Total financial assets

Held-to-maturity

Diukur pada nilai wajar melalui laporan laba rugi Kredit yang diberikan


P endapatan bunga yang masih akan diterima Aset lain-lain Jumlah aset keuangan Liabilitas

Liabilities Obligation

Liabilitas segera

10.509.975.262

-

10.509.975.262

10.509.975.262

due immediately

1.568.477.838.660

-

1.568.477.838.660

1.568.477.838.660

from customers

70.880.006.575

-

70.880.006.575

70.880.006.575

from other banks

6.096.401.417

-

6.096.401.417

6.096.401.417

Accrued interest

870.550.000

-

870.550.000

870.550.000

Other liabilities

1.656.834.771.914

-

1.656.834.771.914

1.656.834.771.914

Deposits Simpanan dari nasabah

Deposits Simpanan dari bank lain Bunga yang masih harus dibayar Liabilitas lain-lain Jumlah liabilitas keuangan

-

The tables below set out the fair value of financial instruments grouped according to the fair value hierarcy:

Aset Kas

LIABILITIES

Total

128

financial liabilities


DAN


LIABILITAS


ASSETS

AND

LIABILITIES

-

Hirarki nilai wajar - Lanjutan

Fair value hierarchy - Continued

Tabel di bawah ini menyajikan instrumen keuangan yang diakui pada nilai wajar yang dikelompokan berdasarkan hirarki nilai wajar: - lanjutan

The tables below set out the fair value of financial instruments grouped according to the fair value hierarcy:- continued

Jumlah tercatat/

31 Desember 2015/December 31, 2015

Total carrying

Level 1/

Level 2/

Jumlah/

amount

Level 1

Level 2

Total

Aset

Assets

Kas

13.194.462.550

-

13.194.462.550

13.194.462.550


Cash Demand deposits with

120.675.625.707

-

120.675.625.707

120.675.625.707

Bank Indonesia Demand deposits with

Giro pada bank lain

2.111.506.118

-

2.111.506.118

2.111.506.118

P enempatan pada Bank Indonesia dan bank lain

other banks Placements with Bank Indonesia

171.252.820.499

-

171.252.820.499

171.252.820.499

Efek-efek:

and other banks Securities:


161.437.518.020

160.844.045.902

-

160.844.045.902

18.727.130.000

18.727.130.000

-

18.727.130.000

1.505.334.638.919

-

1.505.334.638.919

1.505.334.638.919

Loans

21.475.221.258

-

21.475.221.258

21.475.221.258


3.823.130.000

-

3.823.130.000

3.823.130.000

Other assets

2.018.032.053.071

179.571.175.902

1.837.867.405.051

2.017.438.580.953

Total financial assets

Held-to-maturity

Diukur pada nilai wajar melalui laporan laba rugi Kredit yang diberikan


P endapatan bunga yang masih akan diterima Aset lain-lain


Liabilitas

Liabilities Obligation

Liabilitas segera

4.443.636.515

-

4.443.636.515

4.443.636.515

due immediately

1.594.192.265.887

-

1.594.192.265.887

1.594.192.265.887

from customers

78.704.320.955

-

78.704.320.955

78.704.320.955

from other banks

Deposits Simpanan dari nasabah

Deposits Simpanan dari bank lain Bunga yang masih harus dibayar Liabilitas lain-lain

6.952.714.843

-

6.952.714.843

6.952.714.843

Accrued interest

783.000.000

-

783.000.000

783.000.000

Other liabilities

1.685.075.938.200

-

1.685.075.938.200

1.685.075.938.200


Total financial liabilities

Tidak terdapat pengalihan antara tingkat 1 dan 2 selama periode berjalan.

There are no transfers between levels 1 and 2 during the period.

Nilai wajar untuk instrumen keuangan yang diperdagangkan di pasar aktif ditentukan berdasarkan kuotasi nilai pasar pada tanggal pelaporan.

The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting date.

129


DAN


LIABILITAS


ASSETS

AND

LIABILITIES

-

Hirarki nilai wajar - Lanjutan

Fair value hierarchy - Continued

Nilai wajar instrumen keuangan yang tidak diperdagangkan di pasar aktif ditentukan dengan menggunakan teknik penilaian tertentu. Teknik tersebut menggunakan data pasar yang dapat diobservasi sepanjang tersedia dan seminimal mungkin mengacu pada estimasi. Apabila seluruh input signifikan atas nilai wajar dapat diobservasi, instrumen keuangan ini termasuk dalam tingkat 2.

The fair value of financial instruments that are not traded in an active market is determined using specific valuation techniques. These valuation techniques use the observable market data where it is available and rely as little as possible on estimates. If all significant inputs of fair value are observable, these financial instruments are included in level 2.

Teknik penilaian tertentu digunakan untuk menentukan nilai instrumen keuangan mencakup:  penggunaan kuotasi harga pasar atau dealer untuk instrumen sejenis; dan  teknik lain, seperti analisis arus kas diskonto, digunakan untuk menentukan nilai wajar instrumen keuangan lainnya.

Specific valuation techniques used to determine the financial instruments value include of:   the use of quoted market prices or dealer quotes for similar instruments; and  other techniques, such as discounted cash flows analysis, are used to determine fair value for the remaining financial instruments.

35. RASIO LIABILITAS MINIMUM

PENYEDIAAN

MODAL

35. CAPITAL ADEQUACY RATIO

Mulai tanggal 1 Januari 2015, Bank menghitung kebutuhan modal berdasarkan peraturan BI No.15/12/PBI/2013, dimana modal yang diwajibkan regulator dianalisa dalam dua tier sebagai berikut

Starting January 1, 2015, the Bank calculates its capital requirements in accordance with BI regulation No. 15/12/PBI/2013, where the regulatory capital is analyzed into two tiers as follows:



Modal inti (tier 1) merupakan modal inti utama. Modal inti utama antara lain meliputi modal ditempatkan dan disetor penuh, tambahan modal disetor, cadangan umum, laba tahun-tahun lalu dan periode/tahun berjalan (100%), penghasilan komprehensif lainnya, selisih kurang dari penyisihan penghapusan aset produktif sesuai ketentuan Bank Indonesia dan cadangan kerugian penurunan nilai aset produktif yang diperbolehkan. Perhitungan pajak tangguhan dan aset takberwujud merupakan faktor pengurang modal inti utama.



Core capital (tier 1) is core capital. Core capital includes issued and fully paid-up capital, additional paid-in capital, general reserve, retained earning and profit for the period/year (100%), other comprehensive income, shortfall between allowable amount of allowance for uncollectible account on productive assets according to Bank Indonesia regulation and allowance for impairment losses on productive assets. Calculation of deferred tax and intangible assets are deducted from core capital.



Modal pelengkap (tier 2) meliputi penyisihan penghapusan aset produktif sesuai ketentuan Bank Indonesia.



Suplementary capital (tier 2), which includes allowance for uncollectible account on productive assets according to Bank Indonesia regulation.

Bank tidak mempunyai modal inti tambahan yang memenuhi kriteria peraturan BI yang berlaku.

The Bank does not have any additional core capital which meets the criteria under prevailing BI regulation.

Sebelum tanggal 1 Januari 2015, Bank menghitung kebutuhan modal berdasarkan peraturan BI No. 14/18/PBI/2012, dimana modal yang diwajibkan regulator juga dianalisa dalam dua tier sebagai berikut:

Prior to January 1, 2015, the Bank calculated its capital requirements in accordance with BI regulation No. 14/18/PBI/2012, where the regulatory capital is also analyzed into two tiers as follows:



Modal tier 1, antara lain meliputi modal ditempatkan dan disetor penuh, tambahan modal disetor, cadangan umum, saldo laba dan laba periode/tahun berjalan (50%).

130

 

Tier 1 capital, which includes issued and fully paidup capital, additional paid-in capital, general reserve, retained earnings and profit for the period/year (50%).

PT BANK HARDA INTERNASIONAL Tbk CATATAN ATAS LAPORAN KEUANGAN – Lanjutan Pada dan Untuk Tahun yang Berakhir Tanggal 31 Desember 2016. (Dinyatakan dalam Rupiah, kecuali dinyatakan lain) 35. RASIO LIABILITAS MINIMUM - Lanjutan 

PENYEDIAAN


MODAL

35. CAPITAL ADEQUACY RATIO - Continued   

Modal tier 2, meliputi cadangan umum aset produktif.

Penyediaan modal minimum sebagaimana dimaksud ditetapkan sebagai berikut:    

Tier2 capital, which includes the amount of allowable general allowance for productive assets.

Minimum capital requirements are as follows:  

8% dari ATMR untuk bank dengan profil risiko peringkat 1. 9% sampai dengan kurang dari 10% dari ATMR untuk bank dengan profil risiko peringkat 2. 10% sampai dengan kurang dari 11% dari ATMR untuk bank dengan profil risiko peringkat 3. 11% sampai dengan 14% dari ATMR untuk bank dengan profil risiko peringkat 4.

  

Rasio Kewajiban Penyediaan Modal Minimum (KPMM) Bank pada tanggal 31 Desember 2016 dan 2015 dihitung berdasarkan Peraturan Bank Indonesia adalah sebagai berikut (dalam jutaan Rupiah):

8% of RWA for bank with risk rating 1. 9% up to less than 10% of RWA for bank with risk rating 2. 10% up to less than 11% of RWA for bank with risk rating 3. 11% up to 14% of RWA for bank with risk rating 4.

The calculation of Capital Adequacy Ratio (CAR) as of December 31, 2016 and 2015 by the Regulation of Bank Indonesia are as follows (in million Rupiah):



M odal inti (Tier 1) M odal pelengkap (Tier 2)

338.105 11.469

333.169 12.402

Core capital (Tier 1) Supplementary capital (Tier 2)

Jumlah modal inti dan pelengkap

349.574

345.571

Total core and supplementary capital

Jumlah Aset Tertimbang Menurut Risiko Tanpa memperhitungkan risiko pasar Dengan memperhitungkan risiko pasar Dengan memperhitungkan risiko kredit, pasar dan operasional

Total Risk Weight Assets (RWA) 1.435.089

1.403.621

Excluding market risk

-

1.416.784

Including market risk

1.609.011

1.577.935

Including credit, market and operational risks

Rasio Kewajiban Penyediaan Modal Minimum (KPMM) Rasio CET 1 Rasio Tier 1 Rasio Tier 2

21,01% 21,01% 0,71%

21,11% 21,11% 0,79%

Capital Adequacy Ratio (CAR) Ratio CET 1 Ratio Tier 1 Ratio Tier 2

Rasio total

21,73%

21,90%

Ratio total

Rasio Kewajiban Penyediaan M odal M inimum yang Diwajibkan

10,00% - 11,00%

10,00% - 11,00%

131

Minimum Capital Adequacy Ratio



36. INFORMASI PENTING LAINNYA

36. OTHER SIGNIFICANT INFORMATION

31 Desember 2016 December 31, 2016 Rasio Kredit yang diberikan terhadap Dana Pihak Ketiga (LFR) Rasio Kredit yang tergolong Non Performing Loan (NPL)


Loan to Funding Ratio (LFR)

89,04

94,23

2,83

7,10

1,90

3,97

96,37

124,94

total aset produktif Rasio laba sebelum pajak terhadap rata-rata aset (ROA) Rasio laba setelah pajak terhadap rata-rata

2,20

5,75

0,53

(2,82)

Return on Asset (ROA)

ekuitas (ROE) Keuntungan bunga bersih

2,11 5,41

(15,25)

Return on Equity (ROE) Net Interest Margin

terhadap total kredit Rasio Kredit yang tergolong Non Performing Loan (NPL) terhadap total kredit - bersih Rasio Beban Operasional terhadap Pendapatan Operasional (BOPO)

Non Performing

Rasio aset produktif bermasalah terhadap

37. TRANSAKSI NON-KAS

Non Performing Loan (NPL) - net Operating Expenses to Operating Income (BOPO) Allowance for impairment losses to total earning asset ratio

37. NON-CASH TRANSACTION

Aktivitas yang tidak mempengaruhi arus kas adalah sebagai berikut:

Activities not affecting cash flows are as follows:

31 Desember 2016 December 31, 2016 Penghapusbukuan kredit yang diberikan Penambahan aset tetap atas surplus revaluasi (Catatan 13)

5,07

Loan (NPL)


39.545.225.497

32.354.562.395

-

3.944.237.778

132

Written-off loans Increase of fixed assets through revaluation surplus (Note 13)



38. ALOKASI SAHAM KARYAWAN

38. EMPLOYEE STOCK ALLOCATION

Alokasi saham karyawan merupakan alokasi saham yang diberikan cuma-cuma oleh Bank kepada seluruh Peserta Program ESA (Employee Stock Allocation) yang merupakan bagian dari pengeluaran saham baru dalam Penawaran Saham Perdana (”IPO”) dan telah memenuhi kualifikasi dari Bank.

Employee stock allocation is stock allocation that granted free of charge by the Bank to all the participants of ESA (Employee Stock Allocation) which is the part of the issuance of new stocks in Initial Public Offering (IPO) and have qualified from the Bank.

Berdasarkan Surat Keputusan Direksi No. 024/SKDIR/V/2015, ketentuan pelaksanaan program ESA diantaranya adalah sebagai berikut:

Based on the Decree of Directors No. 024/SKDIR/V/2015, the requirements of ESA program includes:

a. Pegawai tetap yang tercatat pada tanggal 1 Juli 2015 dan masih aktif bekerja pada tanggal tersebut serta tidak dalam status terkena sanksi administratif pada saat implementasi Program ESA. b. Saham penghargaan memiliki lock-up period selama 12 bulan, yaitu selama masa lock-up saham tidak dapat diikutsertakan dalam transaksi di bursa.

a. Permanent employees listed as of July 1, 2015 and still active on that date and and not in the status of an administrative sanction upon the implementation of the ESA Program. a.7.b. Employee Stock Allocation (ESA) has a locked- up period for 12 months, which is during the locked-up period stocks cannot be participated in the stock exchange transactions. c. Participants are not charged on the ownerhip of ESA. d. ESA remains the property of their respective employees.

c. Peserta tidak dikenakan biaya atas kepemilikan saham penghargaan. d. Saham penghargaan tetap menjadi hak masingmasing pegawai.

39. PERISTIWA SETELAH PERIODE PELAPORAN ATAS LAPORAN KEUANGAN

39. EVENTS AFTER THE REPORTING PERIOD

Berdasarkan keputusan Mahkamah Agung, pada tanggal 16 Februari 2017 Bank telah mengajukan surat permohonan sebagai berikut :

Based on the decision of the Supreme Court, on February 16, 2017 the Bank has filed a request as follows:

1. Surat No.033/BHI/-UM/II/2017 mengenai Permohonan Imbalan bunga atas kelebihan pembayaran pajak PPN masa Pajak Januari sampai dengan Desember 2007. 2. Surat No.034/BHI/-UM/II/2017 mengenai Permohonan Imbalan bunga atas kelebihan pembayaran pajak PPh Badan Tahun 2007. 3. Surat No. 035/BHI/-UM/II/2017 mengenai Permohonan pengurangan atau pembatalan STP yang tidak sesuai sehubungan dengan Putusan Peninjauan Kembali Mahkamah Agung Republik Indonesia terkait DPP PPN masa pajak Januari sampai dengan Desember 2007. 4. Surat No. 036/BHI/-UM/II/2017 mengenai Permohonan kelebihan pembayaran pajak PPN masa pajak Januari sampai dengan Desember 2007. 5. Surat No. 037/BHI/-UM/II/2017 mengenai Permohonan kelebihan pembayaran pajak PPh badan Tahun 2007.

1. Letter No. 033/BHI/-UM/II/2017 regarding the Request Rewards interest on overpaid VAT tax period January to December 2007.

40. TANGGUNG JAWAB LAPORAN KEUANGAN

MANAJEMEN

ATAS

Manajemen Bank bertanggung jawab atas penyusunan dan penyajian laporan keuangan yang telah diselesaikan dan disetujui untuk diterbitkan oleh manajemen Bank pada tanggal 20 Maret 2017.

133

2. Letter No. 034/BHI/-UM/II/2017 regarding the Request Rewards interest on overpayment of corporate income tax in 2007. 3. Letter No. 035/BHI/-UM/II/2017 regarding the Application for reduction or cancellation of the STP is not appropriate in relation to the Reconsideration Decision Indonesian Supreme Court related to DPP VAT tax period January to December 2007. 4. Letter No. 036/BHI/-UM/II/2017 regarding the Request overpaid VAT tax period January to December 2007. 5. Letter No. 037/BHI/-UM/II/2017 regarding the Application of tax overpayment of corporate income tax in 2007. 40. MANAGEMENT’S RESPONSIBILITY FINANCIAL STATEMENTS

ON

THE

The management of Bank is responsible for the preparation and presentation of these financial statements which were completed and authorized for issue as approved by the management of Bank on March 20, 2017.



Financial Statement

Financial Statement of Holding Company

For Year Ended December 31, 2016 and 2015

122

Annual Report 2016

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2016 AND 2015 (Stated in Rupiah) 2016 Rp

ASSETS

2015 Rp

Non Bank Services Other Receivables Total Non Bank Services Assets Bank Services Cash Demand Deposits with Bank Indonesia Demand Deposits with Other Banks - Net with Allowance for Losses Placement with Bank Indonesia - Net with Unearned Revenue Placement with Other Banks Net Securities - Net with Unearned Revenue / Unamotized Discount and Allowance for Losses Securities Purchased with Agreements to Resell Loans - net with Allowance for Impairment Losses Accrued Interest Revenue Prepaid Expenses Premises and Equipment - Net with accumulated depreciation Deferred Tas Assets Other Assets Total Bank Services Assets TOTAL ASSETS

-1-

26,326,169,166

26,326,169,166

26,326,169,166

26,326,169,166

14,735,429,050 99,900,870,882

13,452,033,600 120,675,625,707

20,429,622,775

7,530,339,833

202,145,114,871 46,728,636,769

102,952,820,499 81,758,422,729

109,475,993,411 37,602,000,000

180,164,648,020 -

1,433,795,149,561 17,804,674,001 6,370,547,846

1,504,585,345,266 22,347,509,790 7,913,969,177

42,528,789,015 11,376,728,353 104,763,607,515 2,147,657,164,049 2,173,983,333,215

41,630,296,204 14,933,802,356 60,272,040,855 2,158,216,854,035 2,184,543,023,202

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION DECEMBER 31, 2016 AND 2015 (Stated in Rupiah)

LIABILITY AND EQUITY LIABILITIES Bank Services Liabilities Payable Immediately Deposits Deposits from Other Banks Taxes Liabilities Accrual Interest Expense Other Liabilities TOTAL LIABILITIES

EQUITY Capital Stock Authorized 236.000.000 shares Subscribed and Paid-Up 236.000.000 shares per value of Rp 1.000 per share for 2015 and 2016 Retained Earnings Non-Controlling Interest Total Equity TOTAL LIABILITIES AND EQUITY

2016 Rp

2015*) Rp

10,729,766,733 1,635,132,576,849 69,269,728,581 2,117,470,402 6,274,854,691 17,651,281,695 5,678,597,113 0 1,746,854,276,064

4,687,057,416 1,650,747,982,943 81,099,762,714 2,908,495,642 7,130,937,587 14,749,507,059 8,185,459,492 0 1,769,509,202,853

236,600,000,000

236,600,000,000

82,959,779,816 319,559,779,816 107,569,277,336 427,129,057,151 2,173,983,333,216

72,507,871,076 309,107,871,076 105,925,949,273 415,033,820,349 2,184,543,023,202

*) Restated

See accompanying notes to consolidated financial statements which are an integral part of the consolidated financial statements.

-2-

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF PROFIT AND LOSS DECEMBER 31, 2016 AND 2015 (Stated in Rupiah) 2016 Rp

2015*) Rp

NON BANK SERVICES Other Revenues (Expenses) Loss on difference in acquisition cost of investments in shares On Subsidiary's equity

-

-

Loss before Non-Controllong Interest Non Bank Services

-

-

228,970,259,105 947,668,867

251,945,288,227 975,876,467

229,917,927,972

252,921,164,694

123,057,077,462 3,348,333,630

148,550,245,957 3,688,085,968

Total Interest Expenses

126,405,411,092

152,238,331,925

Interest Revenues - Net

103,512,516,880

100,682,832,769

BANK SERVICES Operating Revenues (Expenses) Interest Revenues Interest Earned Commisions and fee Total Interest Revenues Interest Expense Interest Commisions and fee

Other Operating Revenues (Expenses) Other Revenue Provision for possible losses on earning assets Labor Expenses General and Administration Expenses Other Operating Expenses - Net Income from Operations Non - Operating Revenues (Expenses) Gain on sale of fixed assets Loss on impairment of foreclosed collateral value Others Non Operating Revenues (Expenses) - Net Income Before Tax Expenses

11,402,624,501 (11,091,924,004) (55,767,248,120) (34,648,053,367)

7,744,674,533 (75,299,153,564) (53,248,954,911) (41,241,482,830)

(90,104,600,990)

(162,044,916,772)

13,407,915,890

(61,362,084,003)

105,993,666 278,263,795 2,194,802,048

1,799,459,613 73,550,000 29,474,012,375

2,579,059,509

31,347,021,988

15,986,975,399

(30,015,062,015)

Tax Expenses

(4,703,555,363)

13,264,169,255

Current Net Income (Loss)

11,283,420,036

(16,750,892,760)

Other Comprehensive Income (Expenses) After Taxes NET COMPREHENSIVE INCOME

(1,461,981,419) 9,821,438,617

5,737,969,142 (11,012,923,618)

-3-

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF PROFIT AND LOSS DECEMBER 31, 2016 AND 2015 (Stated in Rupiah) 2016 Rp

2015*) Rp

Net Income Attributable To : Equity Holders of the parent entity Non-controlling Interest Total Net Income

7,769,578,917 2,051,859,700 9,821,438,617

1,185,679,860 (12,198,603,478) (11,012,923,618)

Net Comprehensive Income Attributable to : Equity Holders of the parent entity Non-controlling Interest Total Net Comprehensive Income

7,769,578,917 2,051,859,700 9,821,438,617

1,185,679,860 (12,198,603,478) (11,012,923,618)

*) Restated


-4-

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY DECEMBER 31, 2016 AND 2015 (Stated in Rupiah)

Balance as of December 31, 2014 Additional capital Dividend Bonus Additional Paid-in capital Definite Benefit Program Difference in revaluation of fixed assets Other comprehensive Income Current Net Income

Additional Capital

Attributable to Equity Holders of the parent entity

Non-Controlling Interest

Total Equity

206,599,999,400

95,574,826,508

116,323,567,365

328,245,180,152

30,000,000,600 -

-

Balance as of December 31, 2015

236,600,000,000

Dividend Bonus Difference in revaluation of premises and equipments Other comprehensive Income Retained Earning Correction Current Net Income Balance as of December 31, 2016

(2,352,000,000) (288,379,551) (2,738,981,360) 1,031,402,819 3,577,073,601 3,137,602,765 (25,433,673,706) 72,507,871,076

(48,000,000) (5,885,297) (1,030,788,242) 388,158,136 1,316,695,368 1,180,805,422 (12,198,603,478) 105,925,949,273

(2,450,000,000) (295,688,048) 1,695,723,629 (394,582,768) 4,126,877,010 7,769,578,917 236,600,000,000

82,959,779,816

(50,000,000) (6,034,450) (203,999,910) (148,497,278) 2,051,859,700 107,569,277,336


-5-

30,000,000,600 (2,400,000,000) (294,264,848) 1,419,560,955 4,893,768,969 4,318,408,187 (37,632,277,184) 328,550,376,831 (2,500,000,000) (301,722,498) 1,491,723,719 (543,080,046) 4,126,877,010 9,821,438,617 340,645,613,633

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS DECEMBER 31, 2016 AND 2015 (Stated in Rupiah) 2016 Rp

2015 Rp

CASH FLOWS FROM OPERATING ACTIVITIES Net Cash Provided by (Used For) Operating Activities

60,354,801,157

(121,670,149,831)

Total

60,354,801,157

(22,174,703,638)

(2,509,682,320)

(6,530,168,174)

(2,509,682,320)

(6,530,168,174)

(2,500,000,000) (301,722,498)

(2,400,000,000) (294,264,848) 31,000,000,000 96,230,230,398 4,959,481,243

CASH AND EQUIVALENT CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of premises and equipment Cash and Equivalent Cash Flows from Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Payments of Dividends Bonuses Additional Paid-In Capital Surplus Revaluation of Fixed Assets Issuance of Shares Retained Earnings Correction

2,414,434,291 112,601,349

Cash and Equivalent Cash Flows from Financing Activities Net Increase (Decrease) in Cash and Cash Equivalent

(274,686,858)

129,495,446,793

57,570,431,979

1,295,128,788

Cash and Cash Equivalents at Beginning of Year

326,369,242,368

325,074,113,580

Cash and Cash Equivalents at End of Year

383,939,674,347

326,369,242,368

14,735,429,050 99,900,870,882 20,429,622,775 202,145,114,871 46,728,636,769

13,452,033,600 120,675,625,707 7,530,339,833 102,952,820,499 81,758,422,729

383,939,674,347

326,369,242,368

Supplemental Disclosures Cash and cash equivalents consist of: Cash Demand deposits with Bank Indonesia Demand deposits with other banks Placements with Bank Indonesia Placements with Other Banks Total Cash and Cash Equivalent

*) Restated


-6-

PT. HAKIMPUTRA PERKASA AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS DESEMBER 31, 2016 AND 2015

COMMITMENT AND CONTINGENCIES 2016 Rp Commitments: Commitment Receivable Past due interest revenues Commitment Liabilities Unused Facilities Others Total Commitment Liabilities (Receivables) - Net Contingencies: Contingent Receivables Past due interest revenues Provision of penalties in progress Productive Assets Write Off Others

2015 Rp -

(183,176,819,202) (183,176,819,202)

9,753,844,482 47,874,189,388

Contingent Liabilities Issuance of Bank Guarantee

(250,000,000)

Total Contingent Liabilities (Receivables) - Net Total Commitments and Contingent Liabilities - Net

-7-

57,378,033,870 (125,798,785,332)

(226,884,235,455) (226,884,235,455)

8,308,289,500 45,946,516,079

(524,750,000) 53,730,055,579 (173,154,179,876)

Annual Report 2016

BRANCH OFFICES KANTOR PUSAT OPERASIONAL | TANAH ABANG | TANGERANG | SURABAYA BRATANG | BANDUNG | PONTIANAK | SURABAYA RAJAWALI | SOLO | PEKANBARU | PANGLIMA POLIM | KELAPA GADING | LTC GLODOK | MUARA KARANG | JEMBATAN LIMA | JATINEGARA | BEKASI | KK TANAH ABANG | KK PANGLIMA POLIM

HEAD OFFICE ASEAN Tower, 2-3 Floor Jl. KH. Samanhudi No. 10, Pasar Baru Sawah Besar, Jakarta Pusat 10710 Telp (021) 3841178 Fax (021) 3841022, 3841023 Website : www.bankbhi.co.id

RELIABLE BUSINESS FRIENDS. English Version. Annual Report PT. Bank Harda Internasional, Tbk

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