BBTN Annual Report 2013

Annual Report 2013
Transformation
supported by Good
Corporate Governance
implementation towards Sound
Business Achievements
Contents
CHAPTER 1 84 Sharia Banking

Bank BTN’s Profile 92 Business Prospects
6 Business Strategy in 2014
7 2013 Key Achievements & Performance Compared to 2012 CHAPTER 4
8 Vision & Mission Operational Overview
9 Corporate Values & Culture 100 Information Technology
10 Bank BTN in Brief 104 Human Capital
12 Business Segments of Bank BTN 112 Network
14 Bank BTN Milestones 117 Marketing
16 Financial and Operational Highlights
18 Stock & Other Securities Highlights CHAPTER 5
20 Awards & Certifications Financial Overview
26 Significant Events 129 Relevance of Bank & Industry Operational Review
towards Financial Performance
CHAPTER 2 132 Financial Performance Analysis
Management Report 132 Income Statement and Comprehensive Income
32 Report of the Board of Commissioners Statement
40 Board of Commissioners 141 Statement of Financial Position
42 Report of the Board of Directors 149 Capital Structures
52 Board of Directors 150 Banking Financial Ratios in Relation to Solvency and
Collectability, Liquidity, and Profitability
CHAPTER 3 151 Capital Expenditure and Material Commitments Related
Business Overview to Capital Expenditure
56 Economic Development and Banking Industry 153 Cash Flow
63 The Business of Bank BTN 154 Commitments & Contingencies
66 Consumer Banking 155 Information on Material Transactions Involving Conflict of
79 Commercial Banking Interests and/or Transactions Involving Related Parties
2 Bank BTN | Annual Report 2013

Bank BTN’s Profile
194 General Meeting of Shareholders (GMS)

197 The Board of Commissioners
204 The Board of Directors
208 Assessment on Performance of Board of Directors and
Board of Commissioners
212 Committees under the Board of Commissioners
220 Committees under the Board of Directors
227 Corporate Secretary
229 Information Technology Governance
231 Code of Conduct
236 Whistleblowing System
238 Internal Audit
244 Bank’s Accountant
245 Internal Control System (SPIN)
249 Provision of Funds to Related Parties & Large Exposures
250 Legal Cases Faced by the Bank
253 Conflict of Interest Transactions
253 Buy Back Shares & Buy Back Bank Bonds
254 Shares Options
267 Compliance Report
270 Risk Management
284 Customer Protection
165 Impact of Interest Rate Changes on Net Interest Income 284 Community Development Program
Margin or/and Operating Income of the Bank 285 Access to Information & Corporate Data
165 Information and Material Facts After the Date of the Public 294 Strategic Plan of the Bank
Accounting Firm Report 299 Third Party Assessment
165 Dividends and Dividend Policy 300 BI Self Assessment
166 Realization of the Use of Proceeds from Public Offering 302 GCG Improvement Blue Print 2014 - 2017
167 Material Information Concerning Investment, Expansion, 308 Annual Reporting Responsibilities
Divestment, Debt/Equity Restructuring
167 Changes in Laws and Regulations of Significant Influence CHAPTER 8
168 Changes in Accounting Policy Corporate Data
171 Comparison of Projections with Results Achieved 312 Organization Structure
172 Financial Targets for 2014 314 Board of Commissioners’ Profile
173 Financial Impacts of Activities and Certification of 318 Board of Directors’ Profile
Environment 322 Audit Committees’ Profile
322 Risk Monitoring Committee’s Profile
CHAPTER 6 323 Remuneration and Nomination Committee’s Profile
Shareholders Information 324 Sharia Supervisory Board’s Profile
176 Shareholders Information 325 Head of Internal Audit’s Profile
178 Composition of Shareholders 325 Corporate Secretary’s Profile
179 Chronology of Share Listing 326 Products and Services
181 Share Ownership Programs 330 Branch Office
183 Corporate Structure
CHAPTER 9
CHAPTER 7 Financial Statement
188 A Report on the Implementation of Corporate Governance OJK Cross Reference
194 GCG Structure & Mechanisms
Bank BTN | Annual Report 2013 3

Bank BTN Transformation
Road Map
Transformation
supported by good
corporate governance
implementation towards
sound business
achievements
n sf o
Going through 2013, Bank BTN is in the
Tra r
ic
process leading to the next level through a
transformation which includes business, culture,
m
Business
st
and infrastructure (foundations).
at
Transformation
H oli • Strengthening of KPR Position
io n
In accordance with the focus and vision of • New Growth Engine
» Strategic Alliance with
Bank BTN to be the leading bank in financing State-Owned Enterprises
of housing, the year 2013 can be the base for » Property Portal
» Value Chain
illustrating home building by Bank BTN. » Property Portal
• Increased Funding
Like someone who is building a house, that
person will dig deep and put its foundation on
solid rock, so that floods struck the house, it
cannot be shaken because it has been well built.
Foundations
Culture
In this case the basis that we have built Transformation
Transformation
together through transformation process is • Improved IT Systems
• POLA PRIMA
the implementation of good governance so • Highly competent HR
• Developing
• Operational Process
that when there are economic shocks, both External Programs
Improvement
from within and outside the country, Bank BTN
cannot be shaken, even able to continue to grow
and develop to achieve quality business in a
sustainable manner the years – that are full with
challenges towards World Class Banking.
Preparation of Transformation Platform

Based on Good Governance, Compliance
and Risk Management
• Preparation of programs, systems, organization & infrastructure
• Middle segment market penetration

Goal - Vision of
Bank BTN
Assets Loans THIRD-PARTY

FUNDS
Grow Approximately Grow Approximately
The Leading
Property Bank in
Indonesia 2017
25%-30% 25%-30% 25%-30% Grow Approximately
with World Class
7
Ranked
1 >35%
Remained the
Service Quality
th st Growth of Savings
Nationally Market Share

of Mortgage
… the end result to be achieved in the next 5 years as

part of a long-term transformation process ...

Business Strategy
in 2013
Fee based Operational

Loans Funding Service Quality
Income excellence
• Quality Loan Growth with • Increase in Third Party Funds • Growth in operating income • Improved customer • Competent human resources
focus on housing finance balanced with wholesale composition experience with service • Development of IT to support
• Composition of Non-Housing funding (bonds, bilateral loans • Focuse on treasury activities, excellence business growth through
Loans at maximum of 15% of and KPR securitization) card business, and electronic • Increased top of mind through automation process
total loans • Growth of Third Party Funds banking improved brand image
• Portfolio composition growth with focus on Savings
of KPR Platinum, home equity Deposits
loans and small micro loans • Increase in CASA ratio to
• Loans granted according to Third Party Funds
region leading sector
Financial Projections
Tota ns a n Third-Pa Net

l Lo a d r
As
Pr
ty
Fin
ofit
sets
F
ancing
un ds
15%-20% 20%-25% 20%-25% 10%-15%
Target of Financial
LDR
ROE CAR
99% -
Ratios
14% -17% 15% - 17%

104%
ROA NIM BOPO NPL
1.7%-2.0% 5.3%-5.7% 80% - 85% 3% - 4%
• Development of network by opening 64 Cash Office outlets, 10 BTN Prioritas outlets and additional 100 ATMs.
Strategic Initiatives
• Optimization of collaboration with strategic partners to develop new products and services including: Telkom, Generali
Insurance, ACA, SinarMas, Danareksa Sekuritas, Pupuk Indonesia, Ciputra, Padjadjaran University, Diponegoro
Program 2013
University, and Jamsostek.

• Expansion of the use of Bank BTN products and services abroad in cooperation with Bank Simpanan Nasional
(National Savings Bank) - Malaysia.
• Improvement of organizational structure aimed at accelerating the Bank’s business and operations and increasing the
contribution of fee-based income.
• Development of collection units into 2 (two) divisions namely Consumer Collection & Remedial and Asset Management
to speed up the process of loan quality improvement.
• Increased wholesale funds with KPR refinancing transactions with SMF of Rp500 billion, bond issuance and
securitization of KPR-BTN

2013 Key
Achievements &
Performance
Compared to 2012
Increased Steadily
PER 31 DESEMBER 2013 DAN 2012
LAPORAN POSISI KEUANGAN LAPORAN LABA RUGI KOMPREHENSIF LAPORAN KOMITMEN DAN KONTINJENSI LAPORAN ARUS KAS
PER 31 DESEMBER 2013 DAN 2012 PERIODE 1 JANUARI S/D 31 DESEMBER 2013 DAN 2012 PER 31 DESEMBER 2013 DAN 2012 PERIODE 1 JANUARI S/D 31 DESEMBER 2013 DAN 2012
(Dalam Jutaan Rupiah) (Dalam Jutaan Rupiah) (Dalam Jutaan Rupiah) (Dalam Jutaan Rupiah)
31 Des 2013 31 Des 2012 31 Des 2013 31 Des 2012 31 Des 2013 31 Des 2012 31 Des 2013 31 Des 2012
No. POS-POS (Diaudit) (Diaudit) No. POS-POS No. POS-POS (Diaudit) (Diaudit) POS - POS
(Diaudit) (Diaudit) (Diaudit) (Diaudit)
ASET I. TAGIHAN KOMITMEN ARUS KAS DARI AKTIVITAS OPERASI
1. Kas 924.451 694.941
PENDAPATAN DAN BEBAN OPERASIONAL
2. Penempatan pada Bank Indonesia 14.693.076 18.165.181 A. Pendapatan dan Beban Bunga 1. Fasilitas pinjaman yang belum ditarik Penerimaan bunga dan bagi hasil 10.795.629 8.656.890
3. Penempatan pada bank lain 407.523 768.743 a. Rupiah - - Penerimaan kredit yang telah dihapusbukukan 193.606 107.508
4. Tagihan spot dan derivatif - - 1. Pendapatan Bunga b. Valuta Asing - - Pembayaran bunga dan bonus, provisi dan komisi (5.079.114) (4.069.719)
5. Surat berharga a. Rupiah 11.195.027 9.105.374 2. Posisi pembelian spot dan derivatif yang masih berjalan - - Pembayaran pajak penghasilan badan (453.656) (437.556)
a. Diukur pada nilai wajar melalui laporan laba/rugi 2.793.380 475.009 b. Valuta asing 2.426 315 3. Lainnya - -
2. Beban Bunga Beban operasional lainnya - neto (3.066.021) (2.416.132)
b. Tersedia untuk dijual 4.752.890 3.381.348
c. Dimiliki hingga jatuh tempo 1.964.558 1.988.150 a. Rupiah 5.558.405 4.379.242 II. KEWAJIBAN KOMITMEN Pendapatan (Beban) bukan operasional lainnya - neto 4.862 (7.767)
d. Pinjaman yang diberikan dan piutang - - b. Valuta asing 30 68 Penerimaan kas sebelum perubahan aset dan liabilitas operasi 2.395.306 1.833.224
6. Surat Berharga yang dijual dengan janji dibeli kembali (Repo) 3.084.572 2.646.988 Pendapatan (Beban) Bunga Bersih 5.639.018 4.726.379
1. Fasilitas kredit kepada nasabah yang belum ditarik
7. Tagihan atas surat berharga yang dibeli dengan janji dijual kembali (reverse repo) - - a. BUMN Perubahan dalam aset dan liabilitas operasi :
8. Tagihan akseptasi - - B. Pendapatan dan Beban Operasional selain Bunga i. Committed
9. Kredit - Rupiah - -
Pendapatan Operasional Selain Bunga - Valuta Asing - - Penurunan (kenaikan) dalam aset operasi :
Peningkatan nilai wajar aset keuangan ii. Uncommitted Penempatan pada bank lain 148.041 (127.402)
ASSET
Surat berharga 17.262 9.121 - Rupiah - - Efek-efek yang diukur pada nilai wajar melalui laporan laba rugi
- - - Valuta Asing - - dan tersedia untuk dijual (1.159.263) (562.700)
Spot dan derivatif - - b. Lainnya Obligasi pemerintah untuk nilai wajar melalui laporan laba rugi
Aset keuangan lainnya - - i. Committed 1.692.055 1.220.524 dan tersedia untuk dijual (1.028.326) (141.143)
Penurunan nilai wajar liabilitas keuangan - - ii. Uncommitted 7.799.343 6.510.249 Pembiayaan/piutang syariah (2.142.427) (1.803.699)
Keuntungan penjualan aset keuangan 2. Fasilitas kredit kepada bank lain yang belum ditarik Kredit yang diberikan (17.195.657) (16.214.143)
Surat berharga 32.220 16.839 a. Committed Aset lain-lain 25.512 (93.127)
- - i. Rupiah - -
Aset keuangan lainnya - - ii. Valuta Asing - -
Keuntungan transaksi spot dan derivatif (realized) 89 16 Kenaikan (penurunan) dalam liabilitas operasi :
b. Uncommitted
Keuntungan dari penyertaan dengan equity method - - i. Rupiah 3.700 7.418
- - Liabilitas segera 85.654 235.420
ii. Valuta Asing - -
fee dan administrasi 15.828 10.600 Simpanan dari nasabah
Pemulihan atas cadangan kerugian penurunan nilai 8.312 - 3. Irrevocable L/C yang masih berjalan
a. L/C luar negeri - - Giro 5.450.432 (204.929)
Pendapatan lainnya 724.374 540.533 Giro Wadiah 394.537 326.569
b. L/C dalam negeri - -
Beban Operasional Selain Bunga 4. Posisi penjualan spot dan derivatif yang masih berjalan - - Tabungan 2.504.024 6.468.869
131.17 trillion
5. Lainnya 132 7 Tabungan Wadiah dan Mudharabah 193.444 255.643
Penurunan nilai wajar aset keuangan
Surat berharga 143.887 - Deposito berjangka 6.749.058 10.494.175
III. TAGIHAN KONTINJENSI Deposito berjangka Mudharabah 248.144 1.357.641
- -
Spot dan derivatif - - 1. Garansi yang diterima Simpanan dari bank lain (431.446) (86.267)
Aset keuangan lainnya - - a. Rupiah 488.427 238.891 Liabilitas lain-lain 467.291 106.807
Peningkatan nilai wajar liabilitas keuangan - - b. Valuta Asing 13.513 595
Kerugian penjualan aset keuangan 2. Pendapatan bunga dalam penyelesaian Kas Neto Diperoleh dari (Digunakan untuk) Aktivitas Operasi (3.295.676) 1.844.938
Surat berharga 631 - a. Bunga kredit yang diberikan 825.313 536.362
- - b. Bunga lainnya - -
Aset keuangan lainnya - - 3. Lainnya 450.900 344.515
Kerugian transaksi spot dan derivatif (realized) - 429 ARUS KAS DARI AKTIVITAS INVESTASI
Kerugian penurunan nilai aset keuangan (impairment) IV. KEWAJIBAN KONTINJENSI Jatuh tempo efek-efek yang dimiliki hingga jatuh tempo 113.403 1.069.609
Pembelian efek-efek yang dimiliki hingga jatuh tempo (42.995) (880.267)
17%
Surat berharga - 3.755
438.601 125.520 1. Garansi yang diberikan Pembelian aset tetap (219.359) (352.262)
Pembiayaan syariah - 80.922 a. Rupiah 539.344 412.918 Jatuh tempo obligasi pemerintah yang dimiliki hingga jatuh tempo 220.400 120.000
Aset keuangan lainnya 2.066 3.586 b. Valuta Asing 13.367 8.826 Pembelian obligasi Pemerintah yang dimiliki hingga jatuh tempo (330.485) (340.748)
Kerugian terkait risiko operasional - - 2. Lainnya - -
Kerugian dari penyertaan dengan equity method - - Kas Neto Digunakan untuk Aktivitas Investasi (259.036) (383.668)
fee dan administrasi 10.476 3.731
Kerugian penurunan nilai aset lainnya (non keuangan) LAPORAN PERHITUNGAN KEWAJIBAN PENYEDIAAN MODAL MINIMUM (KPMM)
Beban tenaga kerja ARUS KAS DARI AKTIVITAS PENDANAAN
THIRD-PARTY
Penerimaan dari surat-surat berharga yang diterbitkan 2.000.000 2.000.000
Pembayaran atas jatuh tempo surat-surat berharga yang diterbitkan (300.000) (300.000)
Pendapatan (Beban) Operasional Selain Bunga Bersih Pembayaran biaya emisi surat-surat berharga yang diterbitkan (2.417) (3.953)
LABA (RUGI) OPERASIONAL Penerimaan dari efek-efek yang dijual dengan janji dibeli kembali 2.770.600 1.978.118
Pembayaran atas jatuh tempo efek-efek yang dijual dengan janji
PENDAPATAN DAN (BEBAN) NON OPERASIONAL dibeli kembali (2.452.870) (4.093.612)
Penerbitan saham - 1.868.378
Keuntungan (kerugian) penjualan aset tetap dan inventaris
Biaya emisi penerbitan saham - (59.154)
FUNDS
Keuntungan (kerugian) penjabaran transaksi valuta asing
Pendapatan (beban) non operasional lainnya Eksekusi opsi saham karyawan 244.014 6.905
LABA (RUGI) NON OPERASIONAL Pembayaran dividen dan Program Kemitraan dan Bina Lingkungan (409.189) (262.885)
LABA (RUGI) TAHUN BERJALAN SEBELUM PAJAK Penerimaan pinjaman yang diterima 335.772 1.041.954
Taksiran pajak tahun berjalan Kas Neto Diperoleh dari Aktivitas Pendanaan 2.185.910 2.175.751
Pendapatan (beban) pajak tangguhan
111.75 trillion
(PENURUNAN) KENAIKAN NETO KAS DAN SETARA KAS (1.368.802) 3.637.021
LABA (RUGI) TAHUN BERJALAN SETELAH PAJAK BERSIH
PENDAPATAN KOMPREHENSIF LAIN
KAS DAN SETARA KAS AWAL TAHUN 19.480.825 15.843.804
96.21 trillion
Penyesuaian akibat penjabaran laporan keuangan dalam mata uang asing KAS DAN SETARA KAS AKHIR TAHUN 18.112.023 19.480.825
Keuntungan (kerugian) dari perubahan nilai aset keuangan dalam
kelompok tersedia untuk dijual
Bagian efektif dari lindung nilai arus kas
Keuntungan revaluasi aset tetap Rincian kas dan setara kas akhir tahun adalah sebagai berikut:
kelompok tersedia untuk dijual (90.046) 29.058 e. Bagian pendapatan komprehensif lain dari entitas asosiasi 924.451 694.941
c. Bagian efektif lindung nilai arus kas - - f. Pajak penghasilan terkait dengan laba komprehensif lain Giro pada Bank Indonesia 9.858.758 7.297.835
d. Selisih penilaian kembali aset tetap - -
19%
e. Bagian pendapatan kompehensif lain dari entitas asosiasi - -
g. Lainnya Giro pada bank lain 402.523 163.743
f. Keuntungan (kerugian) aktuarial program manfaat pasti - - Pendapatan Komprehensif lain tahun berjalan - net pajak Penempatan pada bank lain - jangka waktu jatuh tempo
g. Pajak penghasilan terkait dengan laba komprehensif lain - - penghasilan terkait tiga bulan atau kurang sejak tanggal perolehan 4.839.318 11.324.306
h. Lainnya - - TOTAL LABA KOMPREHENSIF TAHUN BERJALAN Sertifikat Bank Indonesia jangka waktu jatuh tempo tiga bulan
20. Selisih kuasi reorganisasi - - atau kurang sejak tanggal perolehan 2.086.973 -
21. Selisih restrukturisasi entitas sepengendali - - Laba yang dapat diatribusikan kepada :
22. Ekuitas Lainnya - - PEMILIK Jumlah Kas dan Setara Kas 18.112.023 19.480.825
23. Cadangan KEPENTINGAN NON PENGENDALI
a. Cadangan Umum 1.925.371 1.236.193 TOTAL LABA TAHUN BERJALAN
b. Cadangan Tujuan 840.476 574.881 Total laba komprehensif yang dapat diatribusikan kepada :
24. Laba/rugi Informasi keuangan diatas per tanggal-tanggal 31 Desember 2013 dan 2012 dan untuk tahun
PEMILIK yang berakhir pada tanggal-tanggal tersebut diambil dari laporan keuangan yang telah diaudit
a. Tahun-tahun lalu - - KEPENTINGAN NON PENGENDALI
b. Tahun berjalan 1.562.161 1.363.962 TOTAL LABA TAHUN BERJALAN oleh Kantor Akuntan Publik Purwantono, Suherman & Surja, firma anggota Ernst & Young Global
25. Kepentingan Non Pengendali - - Limited (Partner penanggung jawab adalah Benyanto Suherman) dalam laporannya masing-
TRANSFER LABA (RUGI) KOMPREHENSIF KE KANTOR PUSAT
TOTAL EKUITAS YANG DAPAT DIATRIBUSIKAN KEPADA PEMILIK 11.556.753 10.278.871 masing tertanggal 10 Februari 2014 dan 27 Februari 2013 dengan pendapat wajar tanpa
DIVIDEN pengecualian. Karena informasi keuangan diatas diambil dari Laporan Keuangan, dengan
TOTAL LIABILITAS DAN EKUITAS 131.169.730 111.748.593 LABA BERSIH PER SAHAM demikian informasi tersebut bukan merupakan penyajian yang lengkap dari Laporan keuangan.
Informasi keuangan diatas disajikan sesuai dengan ketentuan sebagai berikut :
LAPORAN KUALITAS ASET PRODUKTIF DAN INFORMASI LAINNYA Peraturan Bank Indonesia No. 3/22/PBI /2001 tanggal 13 Desember 2001 sebagaimana
telah diubah dengan Peraturan Bank Indonesia No. 14/14/PBI/2012 tanggal 18 Oktober
PER 31 DESEMBER 2013 DAN 2012
2012 tentang "Transparansi dan Publikasi Laporan Bank".
(Dalam Jutaan Rupiah)
Surat Edaran Bank Indonesia No.13/30/DPNP tanggal 16 Desember 2011 perihal "Perubahan
LOAN
31 Desember 2012 (Diaudit) Ketiga atas Surat Edaran Bank Indonesia No.3/30/DPNP tanggal 14 Desember 2001 perihal
Laporan Keuangan Publikasi Triwulanan dan Bulanan Bank Umum serta Laporan Tertentu
L DPK KL D
80.67 trillion
yang disampaikan kepada Bank Indonesia".
Peraturan No.X.K.2 Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan
(BAPEPAM-LK) No.Kep-346/BL/2011 tanggal 5 Juli 2011 tentang "Penyampaian Laporan
- - - Keuangan Berkala Emiten atau Perusahan Publik".
- - - Peraturan No. VIII.G.7, Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga
Keuangan No. KEP-347/BL/2012 tanggal 25 Juni 2012 tentang "Penyajian dan Pengungkapan
- - - - Laporan Keuangan Emiten atau Perusahaan Publik".
- - - - Tersedia untuk Dijual (45%) 3) Pihak Terkait pada Laporan Kualitas Aset produktif dan Informasi Lainnya disajikan sesuai
2. Level Bawah (Lower Tier 2) maksimum 50 % Modal Inti - - dengan Peraturan Bank Indonesia (PBI) No. 7/3/PBI/2005 tanggal 20 Januari 2005 tentang
- - - - - - 2.1 Redeemable preference shares - -
- - - - - - Batas Maksimum Pemberian Kredit Bank Umum sebagaimana telah diubah dengan Peraturan
2.2 Pinjaman atau obligasi subordinasi yang dapat diperhitungkan - -
2.3 Instrumen modal pelengkap level bawah (lower tier 2) lainnya - - Bank Indonesia No. 8/13/PBI/2006 tanggal 5 Oktober 2006 tentang Perubahan Atas Peraturan
3. Faktor Pengurang Modal Pelengkap - - Bank Indonesia No. 7/3/PBI/2005 mengenai Batas Maksimum Pemberian Kredit Bank Umum.
99.33 trillion
- - - - - - 3.1 Penyertaan (50%) - - 4) Penyajian Suku Bunga Dasar Kredit didasarkan pada Surat Edaran Bank Indonesia No. 15/1/DPNP
- - - - - - 3.2 Kekurangan modal pada perusahaan anak asuransi (50%) - - tanggal 15 Januari 2013 perihal "Transparansi Informasi Suku Bunga Dasar Kredit" dan belum
C. FAKTOR PENGURANG MODAL INTI DAN MODAL PELENGKAP 247.393 187.393 memperhitungkan komponen estimasi premi risiko yang besarnya tergantung pada penilaian
Bank terhadap risiko masing-masing debitur atau kelompok debitur. Dengan demikian, besarnya
- - - - - - Eksposur Sekuritisasi 247.393 187.393 suku bunga kredit yang dikenakan kepada debitur belum tentu sama dengan SBDK.
- - - - - - D. MODAL PELENGKAP TAMBAHAN YANG MEMENUHI
- - - - - - 5) Nilai tukar mata uang asing untuk 1 USD per 31 Desember 2013 dan 2012 adalah masing-
PERSYARATAN (TIER 3) - - masing sebesar Rp. 12.170,- dan Rp. 9,637,50
E. MODAL PELENGKAP TAMBAHAN YANG DIALOKASIKAN 6) Laba tahun berjalan per saham dasar dihitung dengan membagi laba tahun berjalan dengan
- - - - - - UNTUK MENGANTISIPASI RISIKO PASAR - - rata-rata tertimbang jumlah lembar saham yang ditempatkan dan disetor penuh selama tahun
- - - - - - II. TOTAL MODAL INTI DAN MODAL PELENGKAP (A+B-C) 10.353.005 9.433.162 yang bersangkutan.
16.425 - - - - 16.425 III. TOTAL MODAL INTI, MODAL PELENGKAP DAN MODAL
24%
- - - - - - PELENGKAP TAMBAHAN YANG DIALOKASIKAN UNTUK PENGURUS BANK
MENGANTISIPASI RISIKO PASAR (A+B-C+E) 10.353.005 9.433.162
- - - - - - IV. ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK KOMISARIS
- - - - - - RISIKO KREDIT 57.748.566 46.581.762 Komisaris Utama : Mardiasmo*
7.115 - - - - 7.115 V. ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK Komisaris : Dwijanti Tjahjaningsih
- - - - - - RISIKO OPERASIONAL 8.229.190 6.557.227 Komisaris Independen : Sahala Lumban Gaol**
- - - - - - VI. ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO PASAR 283.944 182.400 Komisaris : Agung Kuswandono
VII. RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM UNTUK
Komisaris Independen : Amanah Abdulkadir
- - - - - - RISIKO KREDIT DAN RISIKO OPERASIONAL [II:(IV+V)] 15,69% 17,75% Komisaris Independen : Maulana Ibrahim***
- - - -
- - - - DIREKSI
NET
Direktur Utama : Maryono
: Evi Firmansyah****
: Saut Pardede****
659.332 - - : Irman A. Zahiruddin
107.663 - - : Mansyur Syamsuri Nasution
: Mas Guntur Dwi S*****
- - - : Poernomo*****
- - -
PROFIT
PEMILIK BANK
80.43 trillion
5.815.147 19.514 657 669
- - - PEMERINTAH : 60,14%
MASYARAKAT : 39,86%
2.646.988 - - Berdasarkan Surat Bank Indonesia No. 15/124/GBI/DPIP/Rahasia tanggal 09 Desember
- - - 2013 perihal Keputusan Uji Kemampuan dan Kepatutan (Fit and Proper Test) atas
1.56 trillion
Pengangkatan Komisaris Utama PT. Bank Tabungan Negara (Persero) Tbk, Bank Indonesia
dijual kembali (Reverse Repo) menyetujui pengangkatan Sdr. Mardiasmo sebagai Komisaris Utama PT. Bank Tabungan
a. Rupiah - - - - - - - - - Negara (Persero) Tbk dan efektif setelah jumlah anggota Dewan Komisaris paling banyak
b. Valuta Asing - - - - - - - - - sama dengan jumlah anggota Direksi.
6. Tagihan Akseptasi - - - - - - - - - Pengalihan jabatan Sdr. Sahala Lumban Gaol menjadi Komisaris Independen berdasarkan
7. Kredit Rapat Umum Pemegang Saham Tahunan (RUPST) tanggal 27 Maret 2013, berlaku efektif
a. Debitur Usaha Mikro, Kecil dan Menengah (UMKM) setelah mendapat persetujuan dari Bank Indonesia atas penilaian kemampuan dan kepatutan
i. Rupiah 13.376.721 1.641.772 56.146 88.622 793.060 15.956.321 12.035.070 909.492 186.417 106.607 Fit & Proper Test) dan memenuhi peraturan perundang-undangan yang berlaku
ii. Valuta Asing - - - - - - - - - Sesuai Surat Bank Indonesia No. 15/81/GBI/DPIP/Rahasia tanggal 24 Oktober 2013 perihal
b. Bukan debitur UMKM Keputusan Uji Kemampuan dan Kepatutan (Fit Test) atas Pengangkatan Komisaris
Fit and Proper Test
i. Rupiah 70.914.560 10.459.196 402.104 368.336 2.357.475 84.501.671 56.368.354 8.755.114 499.192 435.735 Independen PT. Bank Tabungan Negara (Persero) Tbk, Bank Indonesia menyetujui
ii. Valuta Asing - - - - - - - - - Sdr. Maulana Ibrahim sebagai Komisaris Independen PT. Bank Tabungan Negara (Persero)
Tbk, dan berlaku efektif sejak tanggal 08 Desember 2013
15%
c. Kredit yang direstrukturisasi
i. Rupiah 483.672 212.497 98.484 20.164 281.453 1.096.270 191.045 28.789 70.068 83.217 B e r d a s a r k a n S u r a t B a n k I n d o n e s i a N o . 1 5 / 1 2 4 / K E P. G B I / D P G / 2 0 1 3 d a n
ii. Valuta Asing - - - - - - - - - No. 15/125/KEP.GBI/DPG/2013 tanggal 06 Desember 2013, Sdr. Evi Firmansyah dan
d. Kredit properti 71.689.268 10.550.548 305.898 372.847 2.367.378 85.285.939 58.288.067 8.847.849 444.443 380.936 Sdr. Saut Pardede tidak dapat melakukan tindakan sebagai anggota Direksi Perseroan
8. Penyertaan - - - - - - - - - terhitung sejak tanggal 6 Desember 2013
9. - - - Sesuai Surat No. 15/126/KEP.GBI/DPG2013 dan No. 15/127/KEP.GBI/DPG/2013
tanggal 06 Desember 2013, Bank Indonesia belum dapat menyetujui pengangkatan
NPL*
7.920.755 230.354 - Sdr. Mas Guntur Dwi S dan Sdr. Poernomo sebagai Direktur Perseroan.
8.826 - -
- - - Kantor Pusat :
Menara Bank BTN
Jl. Gajah Mada No. 1 Jakarta 10130
Telp. (021) 6336789, 6332666 Fax. (021) 6346704
Kantor Cabang :
• Ambon • Balikpapan • Banda Aceh • Bandar Lampung • Bandung
• Bandung Timur • Bangkalan • Banjarmasin • Batam • Bekasi • Bengkulu
3.12%
• Bogor • Bumi Serpong Damai • Cibubur • Cikarang • Cilegon • Cimahi
• Ciputat • Cirebon • Denpasar • Depok • Gresik • Gorontalo • Harapan Indah
1.36 trillion
• Jakarta Cawang • Jakarta Kuningan • Jakarta Harmoni
• Jakarta Melawai • Jambi • Jayapura • Jember • Karawaci • Karawang
• Kelapa Gading Square • Kebon Jeruk • Kediri • Kendari • Kupang • Madiun
• Makassar • Malang • Manado • Mataram • Medan • Padang • Palangkaraya
• Palembang • Palu • Pangkal Pinang • Pekalongan • Pekanbaru • Pontianak
• Purwakarta • Purwokerto • Samarinda • Semarang • Sidoarjo • Solo
-0.08%
- B. Terkait Dengan Suku Bunga • Surabaya • Surabaya Bukit Darmo • Tangerang • Tanjung Pinang
1. Forward - - - - - • Tasikmalaya • Ternate • Yogyakarta.
2. Option
a. Jual - - - - -
CADANGAN PENYISIHAN KERUGIAN 3.
b. Beli
Future
-
-
-
-
-
-
-
-
-
-
Jakarta, 10 Februari 2014
4.
5.
Swap
Lainnya
-
-
-
-
-
-
-
-
-
-
S.E. & O
C. Lainnya - - - - - PT BANK TABUNGAN NEGARA (PERSERO) Tbk.
31 Desember 2012 (Diaudit) JUMLAH - - - - - Direksi
CKPN PPA wajib dibentuk
Individual Kolektif Umum Khusus SUKU BUNGA DASAR KREDIT (PRIME LENDING RATE)
1.748 6.052 7.670 1.748 TANGGAL 31 DESEMBER 2013
- - - - (Efektif % per tahun)
7.018 1.751 9.932 9.928
- - - - Suku Bunga Dasar Kredit (Prime Lending Rate) Maryono Irman A. Zahiruddin
Berdasarkan Segmen Bisnis
- - - - Direktur Utama Direktur
- - - - Kredit Kredit Kredit Kredit Konsumsi
185.897 794.817 680.738 676.481 Korporasi Ritel Mikro KPR Non KPR
- - - -
- - - - Suku Bunga Dasar Kredit
- 4.403 8.599 11.518 (Prime Lending Rate) 10,50% 10,75% 17,75% 11,00% 11,50%
3.04%
* Non Performing Loan

Vision & Mission
Vision
To be a leading bank in housing finance
Mission
To provide innovative products and services and superior services
that focus on housing finance and savings
To develop quality and high integrity human capital, and the
implementation of Good Corporate Governance and Compliance
To increase competitive advantage through the latest Information
Technology
To show concern for the interests of society and the environment

Corporate Values and

Culture
Corporate Values
Service Excellence
Providing services that exceed customer
expectations (internal and external).
Innovation
Constantly developing new ideas and ongoing
improvements to add value to the company.
Exemplary Behavior
Starting with yourself, exemplary in behavior
Corporate Culture
that reflects cultural work values of Bank
BTN for employees and related parties.
Friendly and courteous
Professionalism Caring, proactive and

Being competent in the field and responsive
continue to self-development resulting
in the best performance and deliver Has initiative to make improvement
added value for the company and all
employees of Bank BTN. Oriented to creating added value
Integrity Being an example in behaving good
Being consistent between
thoughts, words and actions in and true
accordance with the provisions
of the company, professional Motivate the application of work
code of conduct, and principles culture values
of commendable truth.
Competent and responsible
Cooperation
Building a genuine and Work smart and thorough
open relationship with
fellow employees of Bank Consistent and disciplined
BTN and other parties
based on mutual trust Honest and dedicated
and respect to achieve
a common goal.
Sincere and open
Mutual trust and respect

Bank BTN in Brief

As a Bank that focuses on housing finance, Bank

BTN has successfully maintained its position as one
of the 10 largest banks in Indonesia in terms of asset
and loan disbursement.
PT Bank Tabungan Negara (Persero) Tbk –or in providing a variety of housing products
Bank BTN– was established in 1897 under and services, particularly through the Home
the name of Postspaarbank. The name was Ownership Loan (mortgage), both Subsidized
changed to Bank Tabungan Pos in 1950 and Mortgages for lower-middle segment as well
finally became Bank Tabungan Negara in as Non-Subsidized Mortgages for middle and
1963. Bank BTN listed its stock offering on upper segments.
17 December 2009 on the Indonesia Stock
Exchange, and was the first Indonesian bank Aspiring to be the world class company with
to securitize asset by recording Asset Backed a goal of providing the best outcome to its
Securities - Collective Investment Contracts stakeholders; Bank BTN is always consistent in
(KIK-EBA). emphasizing its focus as a leader in the housing
finance industry. Nowadays, the business focus
As a bank that focuses on housing finance, of Bank BTN is accentuated in three sectors:
Bank BTN is willing to help Indonesian people Mortgage & Consumer Banking, Housing &
in turning their vision into reality when it comes Commercial Banking, and Sharia Banking. Each
to having the dream house. This desire is shown group runs its business through lending, funding
through more than six decades of consistency and other related services.

Business Segments of
Bank BTN
Mortgage & Housing & Sharia Banking

Consumer Commercial
Banking Banking
Loan Products Loan Products consist Financing Products

consist of Subsidized of Construction Loans, consist of Sharia
Mortgages, Non Micro & SME Loans Consumer Financing
Subsidized Mortgages, and other corporate and Sharia
other housing finance, loans. Commercial Financing.
and Consumer Loans.
Deposit Products Funding Products
Deposit Products consist of Demand consist of Sharia
consist of Demand Deposits and Time Demand Deposits,
Deposits, Savings and Deposits. Sharia Savings and
Time Deposits. Sharia Time Deposits.

General explanation is described below, while the

detailed explanation about the products and services
is described in the “Company Data” section of this
Annual Report.
Consumer banking
Mortgage Consumer Consumer
Provides financing loan funding
service related • Provides financing • Provides funding
to housing or service for products and
residential consumer and services with
personal loan focus on individual
• Develops consumer customers
loan business from
• Develops wealth
housing value chain
management
business
Commercial banking
Commercial SME Commercial &
loan Provides financing Institusional
Manages commercial service for small and funding
loan business, micro business Provides funding
including construction products and
loans services with focus
on corporate
and institutional
customers
Treasury & Asset

Management
• Provides treasury Sharia Business Unit
products and Bank BTN Sharia
services
• Manages DPLK Provides Sharia-based products and
business services to create a synergy within
Bank BTN businesses

Bank BTN Milestones
2002
Designated as a commercial
bank that focuses on
commercial home finance
1897 1994
BTN was founded by the Obtained a license to operate
name “Postspaarbank” during as a Foreign Exchange Bank
the reign of the Dutch
1950 1989
Change of name to “Bank First operated as a
Tabungan Pos” or Postal commercial bank and started
Savings Bank by the to issue bonds
Government of Indonesia
1974
1963 Appointed by the government
Change of name to Bank as the only institution to
Tabungan Negara disburse KPR to lower middle-
class society

2009
KPR securitization through the
first Asset-Backed Securities
Collective Investment Bank BTN becomes the 9th
Contract (KIK EBA) in largest bank in terms of Total
Indonesia Loans
2009
Bank BTN conducted an
Initial Public Offering (IPO)
and listing on Indonesia Stock Bank BTN becomes one of
Exchange the 10 largest banks in terms of
Total Assets
2012
Bank BTN executed Rights
Issue Bank BTN becomes one of
the 10 largest banks in terms of
Total Funding

Financial and
Operational Highlights
Remarks (in billion Rupiah) 2013 2012 2011 2010 2009
STATEMENT OF INCOME
Interest Income and Income from Profit Sharing 10,783 8,819 7,556 6,499 5,730
Interest and Bonus Expense 5,130 4,092 3,770 3,144 3,428
Interest Income and Income from Profit Sharing - Net 5,653 4,727 3,786 3,355 2,302
Other Operating Income 764 571 512 488 265
Other Operating Expenses 3,849 3,214 2,720 2,247 1,763
Provision for Impairment Losses on Financial
(430) (213) (110) (311) (53)
and Non-financial Assets
Reversal of (Provision for) Estimated Losses
(2) (1) 58 (21) (12)
on Commitments and Contingencies
Net Operating Income 2,136 1,871 1,526 1,264 739
Non Operating Income - Net 5 (8) (3) (13) 6
Income Before Benefit (Expense) Tax 2,141 1,863 1,522 1,250 746
Current Tax Expense 579 499 403 334 240
Net Income 1,562 1,364 1,119 916 490
Net Income (Comprehensive) 1,443 1,358 1,026 1,098 551
Earning Per Share (full amount) 149 148 123 105 76
BALANCE SHEET
Earning Assets 113,470 90,671 71,926 66,326 56,255
Loans 92,386 75,411 59,338 48,703 38,737
Sharia Financing 8,081 6,000 4,226 2,847 1,996
Placement with BI and Other Banks 4,839 11,472 9,781 2,375 2,669
Securities 4,210 1,023 739 931 2,955
Government Bonds 8,385 7,469 7,107 7,193 7,380
Total Assets 131,170 111,749 89,121 68,386 58,448
Deposits from Customers 96,208 80,668 61,970 47,546 40,215
Demand Deposits 19,116 13,271 13,150 5,174 7,364
Saving Deposits 24,238 21,540 14,816 10,868 8,941
Time Deposits 52,854 45,856 34,004 31,504 23,910
Securities Issued 8,837 7,137 5,438 4,140 3,222
Fund Borrowings 7,073 6,737 5,695 3,400 2,984
Subordinated Loans - - - - -
Total Liabilities 119,613 101,470 81,800 61,938 53,055
Stockholders’ Equtiy 11,557 10,279 7,322 6,447 5,393
FINANCIAL RATIOS (%)
Return On Assets (ROA) 1.79 1.94 2.03 2.05 1.47
Return On Equity (ROE) 16.05 18.23 17.65 16.56 14.53
Net Interest Margin (NIM) 5.44 5.83 5.76 5.99 4.60
Capital Adequacy Ratio (CAR) 15.62 17.69 15.03 16.74 21.54
Non Performing Loan/Finance - Gross 4.05 4.09 2.75 3.26 3.36
Non Performing Loan/Finance - Netto 3.04 3.12 2.23 2.66 2.75
Operating Expenses to Operating Income 82.19 80.74 81.75 82.39 88.29
Loan to Deposit Ratio (LDR) 104.42 100.90 102.56 108.42 101.29
Total Employees 6,869 6,048 5,135 4,231 4,085

Total ATM 1,504 1,404 1,180 745 528
Total Offices 820 756 640 41 286

Capital Adequacy Ratio (%) Total Assets (in Rp Billion)
21.54 16.74 15.03 17.69 15.62 58,448 68,386 89,121 111,749 131,170
20 100
15 75
10 50
5 25
0 0
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Interest Income and Profit Sharing from Sharia

(in Rp Billion) Net Income (in Rp Billion)
5,730 6,499 7,556 8,819 10,783 490 916 1,119 1,364 1,562
10 1600
7,5 1200
5 800
2,5 400
0 0
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Loan to Deposit Ratio (LDR) Operating Expense to Operating Income (%)
101.29 108.42 102.56 100.90 104.42 88.29 82.39 81.75 80.74 82.19
110 100
108
106 75
104
50
102
100 25
98
0
96
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Stock & Other Securities
Highlights
1,200
1,220
1,200
1,380
1,200
1,290
1,370
1,310
1,440
1,520
1,610
1,450
1,620
1,630
1,700
1,490
1,420
1,150
1,040
950
930
970
970
870
Average Sales
Volume/Day
Closing Price
(Rupiah)
13,581,675
7,885,405
2,912,190
17,729,842
3,707,429
6,341,810
8,446,727
6,265,868
15,594,350
13,455,091
20,902,075
16,160,278
23,491,619
21,716,950
25,818,944
20,155,429
29,059,364
16,396,842
14,513,239
13,680,118
20,106,905
14,357,190
9,026,850
6,963,763
2012 2013 1800
30
1600
25
1400
20 1200
Closing Price
1000
15
800
10
400
5
200
0 Average Sales Volume/Day 0

May
May
Dec
Dec
Sep
Sep
Aug
Aug
Nov
Nov
Mar
Mar
Feb
Feb
Jun
Jun
Oct
Oct
Jan
Jan
Apr
Apr
Jul
Jul
Quarterly Share Price for 2013 and 2012 in Rupiah

Opening Lowest Highest Closing
2012
1 Quarter
st
1,210 1,160 1,250 1,200
2 Quarter
nd
1,220 1,150 1,410 1,290
3 Quarter
rd
1,290 1,250 1,440 1,440
4 Quarter
th
1,470 1,380 1,680 1,450
2013
1st Quarter 1,480 1,460 1,710 1,700
2 Quarter
nd
1,700 1,290 1,710 1,150
3 Quarter
rd
1,150 850 1,240 930
4 Quarter
th
930 840 1,000 870

Bank BTN Bonds Highlights

Tenor Interest Issuing Maturity Date
Bonds Total (Rp)
(Year) Rate Date Date Rating *)
BTN XII of 2006 1,000,000,000,000,00 10 12.75% 20-Sep-06 19-Sep-16 idAA
BTN XIII C Series of 2009 900,000,000,000,00 5 12.25% 29-May-09 29-May-14 idAA
BTN XIV of 2010 1,650,000,000,000,00 10 10.25% 11-Jun-10 11-Jun-20 idAA
BTN XV of 2011 1,300,000,000,000,00 10 9.50% 28-Jun-11 28-Jun-21 idAA
1st Advanced Bond of Bank

2,000,000,000,000,00 10 7.90% 5-Jun-12 5-Jun-22 idAA
BTN’s 1st Phase of 2012
1st Advanced Bond of Bank

2,000,000,000,000,00 10 7.90% 27-Mar-13 27-Mar-23 idAA
BTN’s 2nd Phase of 2013
*) Rated by PT Pefindo (1 March 2013 - 1 March 2014)
Shares Performance
2012 2013
Highest Price (Rp) 1,680 1,710
Lowest Price (Rp) 1,150 840
Year-End Price (Rp) 1,450 870
Number of Shares (million) 10,356 10,565
Market Capitalization (Rp million) 15,016,200 9,191,423
Earning per Share (Rp) 148 148
Book Value per Share (Rp) 993 1,094
Price Book Value (PBV) (%) 1.46 0.80
Price Earning Ratio (PER) (%) 11.01 5.88
KPR BTN Securities Highlights

ABS Class Weighted
Issuing Amount Issuing
Securitization A Interest Average Life Rating
(Rp) Date
Rate (Years)
Securitization of the 1st KPR BTN (KIKDSMF01) 11-Feb-09 5.30 idAAA
Class A 100,000,000,000 13.00%
Class B 11,111,108,501
Securitization of the 2nd KPR BTN (KIKDSMF02) 10-Nov-09 5.63 idAAA
Class A 360,000,000,000 11.00%
Class B 31,305,329,159
Securitization of the 3rd KPR BTN (KIKDBTN01) 27-Dec-10 5.35 idAAA
Class A 688,500,000,000 9.25%
Class B 61,500,230,717
Securitization of the 4th KPR BTN (KIKDBTN02) 16-Nov-11 5.94 idAAA
Class A 645,000,000,000 8.75%
Class B 58,450,414,156
Securitization of the 5th KPR BTN (KIKDBTN03) 12-Dec-12 6.35 idAAA
Class A 925,000,000,000 7.75%
Class B 75,000,005,977
Securitization of the 6th KPR BTN (KIKDBTN04) 20-Dec-13 5.57 idAAA
Class A1 403,000,000,000 8.90%
Class A2 525,000,000,000 9.50%
Class B 72,000,005,941

Awards & Certifications
Infobank & PingFans

Digital Brand Awards 2012
1st Winner in Mortgage category, Digital Financial
Product Brand of The Year
Infobank & PingFans

Digital Brand Awards 2012
3rd Winner in Corporate category, Digital Brand Unit
Usaha Syariah
Karim Business Consulting

Islamic Finance Award & Cup 2013
2nd Winner Sharia Skill Competition

3rd Rank, The Most Expansive Third Party Fund Sharia
Unit, Asset ≥500 Bn


3rd Rank, The Most Expansive Financing Party Fund
Sharia Unit, Asset ≥500 Bn

3rd Rank, The Best Sharia Unit, Asset ≥500 Bn
Swa & Inventure Magazine

Indonesia Middle-Class Consumers’ Choice 2013
The Indonesia Middle-Class Brand Champion 2013,
Product Category: KPR
IDEA & RUMAH Magazine

iDEA RUMAH Award Readers’ Choice 2013
Mortgage Bank

Bisnis Indonesia
Banking Efficiency Award 2013
Bank BUMN
Frontier Consulting Group & Bloomberg Businessweek

Corporate Image Award 2013 - IMAC
The Best in Building and Managing Corporate Image,
category Small Asset National Bank (Asset <100 Trillion)
Infobank & MRI

2013 Banking Service Excellence
5th Best Overall Performance (Islamic Business Unit)
Infobank & MRI

1st Best Phone Handling (Islamic Business Unit)

Infobank & MRI

2nd Best Phone Handling (Commercial Bank)
Property & Bank

Indonesia Property & Bank Award No.8 in 2013
Award Recipient of Indonesia Property & Bank Award
more than 5 times in a row
Infobank
18th Infobank Awards 2013
Award for the Bank with very good financial performance
in 2012
BUMN Track & MarkPlus, Inc.

BUMN Marketing Award 2013
BUMN Marketing 2013 Silver Winner & Bronze Winner
Category

Swa & Onbee Magazine
Most #1 Recommended Brand
1st Winner in KPR Category Brand BTN “Word of Mouth
Marketing”
Koran SINDO
Company Excellent Achievement
Indonesia’s TOP 50
Infobank
Infobank BUMN Award 2013
Financial Industry with very good predicate
Marketeers - MarkPlus Insight

Indonesia Brand Champion 2013
Most Preferred Brand of Mortgage, Diamond Winner
Bank BTN, Bank With Asset >100 T
Marketeers - MarkPlus Insight

Indonesia Brand Champion 2013
Most Preferred Brand of Mortgage, Silver Winner Bank
BTN Syariah, Bank With Asset <100 T

Infobank
Sharia Finance Award 2013 - The Best Sharia Finance
Institutions
An award for the Bank with a very good financial
performance in 2012
Warta Ekonomi
IT Banking Excellence Award 2013
Banking IT Excellence Award 2013, category of Core
Capital Rp5-30 Trillion
Swa & IICG Magazine

Indonesia Most Trusted Companies Award 2013
Most Trusted Company based on Corporate Governance
Perception Index (CGPI)
Kementerian Perumahan Rakyat

Adiupaya Puritama 2013
1st Rank Implementer Bank for KPR Sejahtera
through the FLPP Program, Credit Issuing Institution –
Conventional category
Kementerian Perumahan Rakyat

Adiupaya Puritama 2013
1st Rank Implementer Bank for KPR Sejahtera through
the FLPP Program, Credit Issuing Institution – Sharia
category

Significant Events
February
Jakarta, February 2, 2013 Jakarta, February 27, 2013

Bank BTN held the Largest Home Exhibition under the name BTN Property Bank BTN managed to achieve a net profit after tax of Rp1.4 trillion. This
Expo 2013. The exhibition was held at the Jakarta Convention Centre, Hall B profit exceeded the target set by the company for 2012. This significant profit
Jakarta. Over 400 Housing Locations were offered in the exhibition supported achievement was presented to the public during the Company’s performance
by more than 200 developers. disclosure event of Bank BTN for the fourth quarter of 2012 in Jakarta on
February 27, 2013.
March
Jakarta, March 18, 2013 Jakarta, March 27, 2013

Bank BTN signed a memorandum of understanding with PT Jasindo, at Bank BTN held the 2013 Annual General Meeting of Shareholders. The
Jasindo office in Jakarta. This cooperation is expected to increase Bank AGMS took place at Bank BTN’s Head Office in Jakarta, attended by the
BTN’s business revenue from fee-based income and also the increase in the entire Board of Commissioners and Board of Directors and Shareholders of
number of customers that have implications for the collection of Third Party Bank BTN.
Funds.
April
Jakarta, April 1, 2013 Jakarta, April 18, 2013

Bank BTN signed a cooperation MOU with Jamsostek, Real Estate Indonesia Bank BTN presented the company’s performance of first quarter 2013. In the
(REI), and the Association of Housing and Settlement Developers of Indonesia exposure was presented that Bank BTN recorded Total Assets amounting
(APERSI). This cooperation is performed to deal with the provision of housing to Rp120.178 trillion, or a growth of 31.60% compared to 2012. Meanwhile,
for Jamsostek participants with KPR facilities. In this case Jamsostek will loans and financing as well as total loan growth also increased significantly.
provide a database of Jamsostek member workers who do not have a home.
While REI and Apersi will build houses and Bank BTN prepares financing
through KPR.

May June
Jakarta, May 27, 2013 Bandung, June 3, 2013

Bank BTN established a cooperation with PT Asuransi Jiwa Generali Bank BTN signed a Banking Services MOU with Padjadjaran University,
Indonesia to serve bancassurance products. Bandung.
June July
Jakarta, June 21, 2013 Jakarta , July 11, 2013

Bank BTN invited Ciputra Group to cooperate in housing finance. The scope Bank BTN signed a cooperation agreement with Perusahaan Umum Jaminan
of cooperation includes financial support provided by Bank BTN for housing Kredit Indonesia (Jamkrindo). This collaboration aims to provide BTN iB
and apartment projects built by developers who are members of the Ciputra general financing guarantee for working capital and investment.
Group in Indonesia.
July
Jakarta , July 22, 2013 Jakarta, July 26, 2013

Bank BTN embraced PT Pupuk Indonesia (Persero) as business partner. Bank BTN established a cooperation with PT Danareksa Sekuritas to be its
Bank BTN gave proof that it can work together with industries that are not partner in preparing investment products in the form of ORI (Indonesian Retail
related to housing finance business. In this cooperation Bank BTN will provide Bonds) serial 010 (ORI010 ).
a loan facility to PT Pupuk Indonesia (Persero) and its subsidiaries.

August
Jakarta , August 1, 2013 Jakarta, August 20, 2013

Bank BTN provides free homecoming facility to 1,300 construction workers Bank BTN established a cooperation with PT Telkom to develop and
and social workers. These are workers who work in office and housing provide INDIHOME service facilities to customers of the Bank which include
environment of Bank BTN spread across the Greater Jakarta Area. The telephone, Internet, IPTV, online music, antivirus, home monitoring, and home
release of the 1,300 workers was symbolically carried out at Balai Samudra, automation.
Kelapa Gading by the Board of Directors of Bank BTN.
September
Jakarta, September 4, 2013 Denpasar, September 20, 2013

Bank BTN established cooperation with Asuransi Sinar Mas. The risk sharing Bank BTN improves priority services at Denpasar Branch Office. On the
pattern executed by Bank BTN with Asuransi Sinar Mas is a strategic step same occasion Bank BTN through the Corporate Social Responsibility (CSR)
of the company in guaranteeing the implementation of the project for both program provided financial assistance amounting to Rp100 million. These
parties by mutual agreement scope concerning the bank guarantee. funds will be used for the Bedah Rumah program for selected communities at
Tabanan District, Bali.
October
Jakarta, October 11, 2013 Jakarta, October 30, 2013

Bank BTN established cooperation with PT Mandiri Mega Jaya to develop Bank BTN drew prizes of Batara Homebastis Savings Period I in 2013 with a
a mega housing project in Banten. The signing of the MOU with PT Mandiri total value of nearly Rp17 billion. This program is a form of appreciation from
Mega Jaya was implemented in Tangerang, Banten, on October 11, 2013. Bank BTN to loyal Tabungan Batara savers.

November
Jakarta, November 25, 2013 Jakarta , November 27, 2013

Bank BTN established a cooperation with ASABRI to provide better service Bank BTN held an Annual Public Expose to explain the seriousness
in paying retired Army personnel, members of the National Police, Ministry of of Bank BTN to stay focused on housing finance with a maximum
Defense civil servants, and police civil servants. composition of 15% in non-housing finance of total loans. Loans are
granted based on the regional leading sector. The company will also focus
on the growth of Third Party Funds with the balance of wholesale funding
(bonds, bilateral loans, KPR securitization).
December
Jakarta, December 16, 2013 Jakarta, December 18, 2013

Bank BTN was again awarded The Most Trusted Company in 2013 by the BTN Prioritas Service is present in Tangerang. This service is expected to be
Indonesian Institute for Corporate Governance (IICG) in collaboration with a powerhouse in fund raising from the high income customers in Tangerang.
SWA Magazine. This award was received for the third time by Bank BTN. This
is a record for Bank BTN as well as the right moment for the implementation
of good corporate governance (GCG) to be the attention of many parties.

Chapter 2
Management
Report
32 Report of the Board of Commissioners
40 Board of Commissioners
42 Report of the Board of Directors
52 Board of Directors
Report of the Board of
Commissioners
Sahala Lumban Gaol

Commissioner

In monitoring operational
activities implemented in 2013 by
the Board of Directors, the Board
of Commissioners realizes that
there were some weak points.
However, along with the

improved implementation of GCG,
improved results have begun to
be seen compared to 2012.
Dear Stakeholders, Dear Stakeholders,
It has been realized that macroeconomic Nationally, the year 2013 was perceived as a
conditions in 2013 were different from predicted, tough year for conducting business as well as
and inflation rate exceeded expectations for Bank BTN.
reaching 8.38% by the end of the year, so that the
BI rate tended to increase and reached 7.50% During 2013 there were less favorable reports
at the end of the year. Rupiah Exchange Rate about Bank BTN, partly due to the unfavorable
at 31 December 2013 was closed at the value GCG implementation, as reflected in the
of Rp12,189 / USD after Rupiah depreciated by implementation level in the Second Half of 2012
25.85% throughout 2013. The capital market and the First Half of 2013 which was categorized
also experienced contraction (1.66%) to a level as unfavorable.
of 4,274 at the end of 2013, compared to the
opening at the beginning of the year at the 4,346 Therefore, during 2013, the Board of
level. The sectors that still grew in 2013 were the Commissioners made important directions for
indexes of agribusiness (0.83%), consumption Bank BTN to improve the quality of its Good
(12.51%), property (3.19%), infrastructure Corporate Governance (GCG). In an effort to
(2.99%), trade (3.19%) and manufacturing improve GCG implementation, Bank BTN has
(0.62%). At the end of 2013, the property index taken measures in the form of remedial action
closed at 336, or experienced a rise of 3.19% if plans and improving GCG implementation
compared to the beginning of the year. Thus, if quality which has been conveyed to Bank
calculated from the highest level, the property Indonesia. The action plan included an increase
index experienced a correction of (34.57%). in the role of Commissioners, increasing the
active role of Directors, enhancement of the
The Board of Commissioners of Bank BTN role and function of compliance, enhancing the
would like to congratulate Bank BTN for effectiveness of the implementation of Internal
running the business in 2013, as despite the Audit functions, improved risk management
background of unfavorable macro conditions, processes and control systems, and increased
Bank BTN managed to survive and recorded transparency of reports.
improved performance, especially in terms of the
achievement of loans, assets, profit, third party Bank BTN has also developed a blueprint
deposits and so on. This of course could not be on the improvement of GCG implementation
separated from the success of the management to be carried out through the four pillars of
in anticipating the conditions in the form of GCG, namely: Commitment on Governance,
loan portfolio quality improvement, structuring Governance Structure and Infrastructure,
loan approval authority and reorganization. Governance Mechanism Process and
These efforts have also been supported by the Governance Outcome. These four pillars are
seriousness of the management and all the expected to support the application of Good
ranks in improving themselves, as well as the Corporate Governance principles at Bank
increased role of the Board of Commissioners in BTN. The implementation of Good Corporate
supervising and administrating recommendations Governance at Bank BTN is expected to
for improvement. This was one of the keys to support good and consistent performance of
success by the management in running events the company.
in 2013.

Management Report
In monitoring operational activities implemented Total assets as of end December 2013 amounted
in 2013 by the Board of Directors, the Board of to Rp131.17 trillion or an increase of 17% from
Commissioners realizes that there were some 2012. Based on total assets, Bank BTN remains
weak points. However, along with the improved in the position of 10 national commercial banks
implementation of GCG, improved results have with the greatest assets. Total loan portfolio
begun to be seen compared to 2012. (gross) in 2013 reached Rp100.47 trillion, or
grew 24% from 2012. Loans granted by Bank
Thankfully, with great effort and passion to BTN until the end of December 2013 remained
improve ourselves, in late 2013 Bank BTN dominated by the residential sector with a
managed to earn several awards. In October portion of 86%, while non-housing finance was
2013, Bank BTN was named the Most Preferred 13%. Total third party funds in 2013 reached
Residential Developer Brand and the Most Rp96.21 trillion, or grew 19% from 2012. The
Preferred KPR Brand in an event organized by position of third party funds was supported
Markplus Insight and Marketers Magazine. For by growth of demand deposits (44%), time
the category of banks with total assets above deposits (15%) and savings (13%). Profit up to
Rp100 trillion, Bank BTN was awarded Most December 2013 reached Rp1.56 trillion, or grew
Brand of Mortgage. Additionally in December 15% if compared to the profit in 2012.
2013 Bank BTN was awarded Corporate
Governance Award, in the category of The Most Several financial ratios increased compared to
Trusted Companies from the Indonesia Institute 2012, with the exception of the following ratios:
Corporate Governance (IICG). ROA 1.79%, down 0.15%, ROE 16.05%, down
2.21%, NIM 5.44%, down 0.39%, BOPO 82.19
These awards are strong indication that Bank % or up 1.43 %, CAR 15.62%, down 2.07%
BTN has been functioning as a public company from 2012.
that complies with good corporate governance
regulations. Improved financial ratios include NPLs (net)
which in 2013 was recorded 3.04% or improved
Throughout the period of 2013, a few important by 0.08% from 2012. The improvement in NPLs
notes on Management Performance and was due to the efforts made by management to
Business Prospects of Bank BTN can be said, give special attention to NPL problem, and the
as follows: efforts to improve better corporate governance
as directed by the Board of Commissioners.
Performance of Directors
Assessment result by the Board of In accordance with the 2013 Business
Commissioners over the performance of the Plan, by end 2013, Bank BTN performed
Board of Directors in 2013 was generally good as securitization of KPR through the 6th Asset-
evidenced from the increase and improvement Backed Securities – Collective Investment
in some ways, such as: Total Assets, Loans, Contracts (KIK EBA). Bank BTN is the pioneer
Third Party Funds and Profit. of KPR securitization in Indonesia, and this
KIK EBA obtained an effective statement

from the OJK on December 17, 2013. In the Bank BTN also performs a number of
past, securitization had been done 5 times, diversifications in order to improve fee-based
namely: 2 times in 2009, one time in 2010, one income, improve margins, reduce loan risk
time in 2011, and one time in 2012. Benefits of concentration, as well as manage maturity
securitization for Bank BTN: Diversification of mismatch. Bank BTN plans to improve the
Sources of Funding and Fee Based Income, risk composition of housing loans and non-housing
mitigation (asset - liability mismatch and loan loans up to a maximum. One way to do that is
concentration risk), capital management and through an increase in priority banking services
increased lending capacity, strengthening of and bancassurance, and plans to enter the
Balance Sheet, Profit and Loss Statement and micro banking segment.
Financial Ratios (ROA, ROE and CAR).
Overview of Business Prospects
This 6th BTN KPR securitization had underlying The housing finance (KPR) business in Indonesia
transactions covering 34,452 KPR accounts with is very promising. Based on data, KPR market
total outstanding of Rp1,000,000,005,941.–. penetration in Indonesia is the lowest in the
The portfolio of KPR bills that underwent region, in the growth range of 2.7% of GDP.
securitization was selected based on a list Meanwhile, KPR penetration is projected to
of selection criteria to ensure the quality of continue to increase along with the growth of
securitized assets, so that it could result in EBA GDP per capita, economic improvement and
with idAAA rating from Pefindo as the rating population growth in Indonesia. According to
institution. With determination of BTN EBA KIK an estimate by the Ministry of Public Housing,
interest coupons divided into 2 (two) series home demand reaches 800,000 new homes
amounted to 8.90% for A1 series and 9.50% for per year, while home offers only reach 400,000
A2 series, it is expected that KPR interest rates new homes per year. Accumulated deficiency
can be adjusted to be more affordable by the of homes reaches 15 million homes up to 2014
public. (source: Central Bureau of Statistics/BPS).
Total issuance of EBA amounted to In order to capture this business prospect, the
Rp1,000,000,005,941.– indicated that this management of Bank BTN has developed a
product has attracted investors better and Long-Term Transformation Framework which
capable to be an alternative medium to long- will be implemented through 4 (four) pillars of
term safe investment that offer attractive long-term transformation, namely: (1) Business
yields with the best rating, and with minimal growth to be achieved through efforts to
risks. Through securitization, banks can obtain maintain the largest market share of KPR;
a source of funds for granting new KPR or Quality loan growth and to remain focused on
financing expansion of loans and maintaining the housing sector with a share of 85%; Non-
capital adequacy ratio. With the development housing finance oriented on high margins; Focus
of KPR-based securities, it is positive for the of funding on low cost funding with aggressive
development of secondary housing finance growth; and additional fee-based income
and real housing sector in Indonesia, which contribution. (2) Establish a strategic alliance to
is also a contribution by Bank BTN in support be achieved through implementation of alliance
of Government programs in the provision of programs and investments to create business
housing that is feasible and affordable to the synergies in the context of business growth
community. through expansion of products and services and

Management Report
spin-off of sharia business. (3) Strengthening the asset quality. In addition, the management
organization and performance-based culture needs to maintain increase in third-party
to be achieved through efforts to strengthen funds, in particular low cost funds through the
and develop an organization that supports addition of network and quality marketing and
business; Building an optimal distribution continuously improve the competence of HR
network; Structuring service thoroughly; in serving customers. Of these achievements,
Rearranging strategic management systems; the Board of Commissioners considers that
Fulfillment and development of human capital; the direction of the Bank’s business is in line
and Strengthening of work culture oriented to with the 2014-2016 Business Plan, and the
entrepreneurship, performance and efficiency. management is committed to staying focused
(4) IT optimization to be achieved through efforts on housing finance as the main business of
of aligning business strategy and IT reliability Bank BTN.
through product innovation, channeling,
and information systems; Development and Performance of Committees
optimizing the use of IT in business processes under the Board of Commissioners
to improve efficiency. Bank BTN has three committees under the
supervision of the Board of Commissioners,
In terms of the future, Bank BTN will continue namely Audit Committee, Risk Monitoring
to strive for implementation of precautionary Committee, and Remuneration and Nomination
principles by consistently open-up opportunities Committee. On this occasion we can report
to develop businesses in order to continue to that in 2013 replacements were carried out
grow better. In addition, Bank BTN is committed against the members of the three Committees
to continue providing superior service in housing with respect to the expiration of their positions.
finance and financial information transparency. Changes/improvements were also conducted in
2013 to the Charters of the three Committees.
As of December 31, 2013, Bank BTN was
supported by 820 branches (conventional and Audit Committee
sharia) plus 2,922 Post Office Online outlets. In performing duties, we can report that
In addition, Bank BTN also has 1,504 ATMs the regular meetings between the Board of
spread across Indonesia and more than 80,000 Commissioners and the Committee are no
ATMs connected with the Link ATM network, longer carried out every month, but the intensity
Bersama, Prima and ALTO, and the Bank has has been increased to every week. The Audit
been equipped with priority services in 23 offices Committee works collectively in carrying out its
spread across several regions in Indonesia. duties to assist the Board of Commissioners
and is independent both in the performance
Based on the various opportunities and through of its duties and in reporting, and is directly
such Long Term Transformation Framework, responsible to the Board of Commissioners. So
the Board of Commissioners is optimistic far during 2013, the Audit Committee assisted
that Bank BTN will continue to survive and is the Board of Commissioners to ensure the
able to improve its performance. However, effectiveness of internal control systems and
management needs to consider the risks the effectiveness of task execution by external
and fast response over a wide range of policy and internal auditors. The Audit Committee also
changes to property/housing through improving assessed the implementation of activities and
sufficient liquidity requirements, improving audit results conducted by SPI and external
efficiency, as well as maintaining productive auditors, performed financial information review,

provided recommendations to the Board of with the largest value of NPLs. The Committee
Commissioners regarding the appointment of also attempts to perform risk analysis process
Accountants, conducted review of inspections improvement by adding a number of projection
carried out by internal auditors and supervised data related to the financial position of the Bank.
implementation of follow-up by the Board of These projections are not just to look at the
Directors on findings made by internal auditors. banking trend, but also consider other factors
which may affect the performance of Bank
Risk Monitoring Committee BTN in the future. More complete description
Risk Monitoring Committee works collectively of this subject can be seen in the “Company
in performing duties to assist the Board of Governance Review” in this Annual Report.
Commissioners and is independent both
in performance of duties and in reporting, Remuneration and Nomination
and is directly responsible to the Board of Committee
Commissioners. During 2013 Risk Monitoring Unlike the earlier Remuneration and Nomination
Committee collected data and information and Committee, supervision of Good Corporate
evaluated the Bank’s risk management policies Governance is also a part of the Remuneration
covering Credit Risk, Market Risk, Liquidity and Nomination Committee’s tasks. Up to date
Risk, Operational Risk, Legal Risk, Reputation guidelines and obligations of the committee
Risk, Strategic Risk, Compliance Risk and are contained in the latest Charter of the
Money Market Risk. In addition the Committee Remuneration and Nomination Committee
also evaluated compatibility between risk signed at the end of 2013. Another change in
management policies of the Bank, encouraged the current Charter is membership change of
empowerment of the Bank’s risk management Human Capital Division Chairman to non-voting
function, and reported to the Board of member so that it is expected that decisions by
Commissioners in terms of likelihood of risks the Remuneration and Nomination Committee
to the Bank and proposed alternative solutions, can be more independent for the good of all
and carried out risk monitoring activities in the stakeholders. The focus of duty implementation
working units closely related with risk-based of the Remuneration and Nomination
decision making and worked together with the Committee in 2013 was to make improvement
Risk Management Division. recommendations of documents which form the
basis for implementation of Good Corporate
Several things that became the focus of attention Governance (GCG), including Board Manual
of the Risk Monitoring Committee in 2013 were and GCG Action Plan. Until the end of 2013, the
among others: Risk management issues and Remuneration and Nomination Committee also
prospects in 2013; Bank BTN’s risk profile; Risk improved the draft Key Performance Indicators
profile assessment results; Factors affecting so that the responsibility and performance of
KPMR ratings; and Strategies to lowering Non- the person-in-charge is more specific and clear.
Performing Loans (NPL). In connection with NPL Remuneration and Nomination Committee
lowering strategy, the Committee pays attention is devoting attention to reviewing the work
to the level of NPLs at branch offices that are culture practiced in Bank BTN and introduces
processing KPR. Of the many branch offices, culture that is more likely to support the
the Committee is concentrating on branches achievement of high performance targets based

Management Report
on GCG practices truthfully. Remuneration Appreciation

and Nomination Committee has also visited Bank BTN’s success in implementing operational
several branches and participated in Bank activities in 2013 which in general have increased,
events including the Official Development Bank is the result of hard work and dedication of the
Program to deliver improvements of the required Board of Directors and all employees, as well
corporate culture. In early 2014, Remuneration as support from all stakeholders. Hopefully the
and Nomination Committee will discuss hard and smart work, spirit, loyalty, and vision
the Talent Pool and analyze the criteria and will be demonstrated by the Board of Directors
procedures for the nomination of candidates, and all ranks of employees in the next year, so
Board of Directors, and other executives up to 1 that it becomes a special pride for the Board of
(one) level below the Board of Directors. Commissioners. The Board of Commissioners
wishes to express appreciation and gratitude
Changes in Composition of the to the Board of Directors of Bank BTN and all
Board of Commissioners employees, as well as to the stakeholders for
In the Decision of the Annual General Meeting their support and confidence in the Bank so far.
of Shareholders held on March 27, 2013 was
confirmed the respectfully termination of Mr. Jakarta, December 31, 2013
Zaki Baridwan as President Commissioner of
the Company and the respectfully termination
of Mr. Subarjo Joyosumarto as member of
the Board of Commissioners of the Company
with effect from the closing of the Meeting,
with thanks for their contribution of energy and Sahala Lumban Gaol
thought given during office as members of the Commissioner
Board of Commissioners of PT. Bank Tabungan
Negara (Persero) Tbk. The Annual General
Meeting of Shareholders has also appointed Mr.
Mardiasmo as President Commissioner and Mr.
Maulana Ibrahim as Independent Commissioner.
The appointment of these Commissioners is
expected to further strengthen the Board of
Commissioners of Bank BTN in carrying out
duties and responsibilities as best as possible.


Management Report
1. Mardiasmo
President Commissioner
2. Maulana Ibrahim
Commissioner (Independent)
3. Sahala Lumban Gaol

Commissioner
4. Amanah Abdulkadir
5. Dwijanti Tjahjaningsih
Commissioner
6. Agung Kuswandono
Commissioner
5
6
4
2
3 1

Report of the Board of
Directors
Maryono
President Director

Management Report
“Transformation of business,
work culture and infrastructure
supported by GCG implementation
for quality business achievement”
is the theme selected by the
Management in meeting business
challenges in 2014.
Dear Stakeholders, Dear Stakeholders,
On this excellent opportunity, let us together offer We should be proud because amidst the financial
praise and gratitude to God Almighty, as it is only crisis pressure at global and domestic levels,
because of His grace that together we could the Indonesian economy and national banking
pass through a variety of business challenges industry was still able to grow with some target
both internally and externally throughout 2013 growth corrections. As for Bank BTN, we also
properly and smoothly. experienced some fundamental improvements,
particularly in the field of Corporate Governance
The current global economic developments and credit aspects, and in terms of financial
still continue to be overshadowed by uncertain performance we were also able to continue to
conditions thus having an impact on the grow and evolve compared to previous years.
economic growth in our country. This could
not be separated from the various pressures Some of the things we meant to say in this
encountered. First, increased economic shocks annual report is a form of transparency and
have occurred in the global financial markets in accountability of the Management to all
line with negative sentiment towards reduction Shareholders and Stakeholders as follows:
of the monetary stimulus plan or tapering off in
the U.S.A. While the decline in global economic Business Plan and Budgeting of
conditions eventually led to a second shock. the Company in 2013
Broadly speaking, the Business Plan and
The second shock was the pressure on the Budgeting of the Company in 2013 which we
balance of payments of Indonesia in 2013. The revised for the second half of 2013 is a series of
current account deficit was forecasted to reach the previous year’s Business Plan and Budgeting
3.5% of Gross Domestic Product (GDP) which and a partial translation of the vision and mission
was higher than the deficit in 2012 of 2.8%. carried in the 2013-2017 Long Term Plan which
Capital surplus and financial transactions also is strategically focused on housing finance
decreased. Not only that, the Rupiah exchange business with concentration on the realization of
rate in 2013 also continued to depreciate with loans, both subsidized and non-subsidized, and
increased volatility. Weakening of Rupiah was raising third party funds, in particular low cost
in line with the weakening of currencies in other funds.
countries in the region. Inflation rate was also
above the inflation rate target set by Bank With the level of housing finance market share
Indonesia in early 2013 around the level of that remained dominant in the banking industry,
4.5% ± 1%. Inflation was recorded at the rate Bank BTN on an ongoing basis continues to
of 8.38% (yoy) up to the end of 2013. However, strengthen its position with the implementation
although 2013 could be considered not easy of various strategic activities in 2013.
and full of challenges, the Indonesian economy
still managed to grow by 5.7% (yoy).

Management Report
Based on greater housing loan portfolio than First, to anticipate the increase in BI Rate,
non-housing loan portfolio held by Bank BTN, management has determined increase in
portfolio diversification strategy towards non interest rates on savings and loans to remain
housing loans is one focus in the preparation guided by prudential banking practices which
of the 2013 Business Plan and Budgeting. This can have an impact on the increase in the level
strategy is expected to accelerate credit growth of non-performing loans and decreased growth
with a larger margin, so that profit growth can of third party funds.
eventually be achieved optimally.
Second, it is the policy of the Board of Directors
In parallel, the strategic plan in the 2013 to re-arrange its authority of approving loans
Business Plan and Budgeting will be followed whereby has been decided that the authority to
by loan quality improvement, the trend of which approve commercial loans for the time being is
is currently relatively slower compared to NPL transferred to the Regional Office. In addition,
improvement nationally. the Board of Directors also tightens the granting
of high-risk loans in the midst of the trend of
In terms of funding, third party fund raising rising interest rates.
condition of Bank BTN is generally still dominated
by time deposits while CASA is relatively the Third, related to the increased level of problem/
same as the previous year, amounting to non-performing loans (NPLs), the Board
45.06%. However, the market share of Bank of Directors undertakes overall loan quality
BTN’s third party funds continues to grow, improvement policies covering continued
amounting to 2.5% of total third party funds intensity of the loan quality improvement crash
nationally. Consumer fund raising strategy at program during 2013, among others through
low-cost will continue to be optimally improved. monitoring and supervision of current loans and
conducting collection activities, restructuring,
To support the points mentioned above, the intensive litigation against non-performing loans.
Management has set a Public Policy of the
Board of Directors for 2013 to consider a Fourth, related to reorganization, currently
road map for the 2013-2017 Long Term Plan, reorganization has been carried out at the
internal conditions, and external conditions and division that supported the functions of collection
constraints faced in 2013. and workout of non-performing loans as well as
loan restructuring and settlement. Changes in
Dear Stakeholders, the structure of the organization are carried out
Board of Directors Policy for 2013, Constraints in order that the functions of supervision and
and Solutions in 2013 reflected a year full with implementation practices of Good Corporate
dynamics for Bank BTN. However these have not Governance at Bank BTN can be improved.
precluded Bank BTN to establish four Policies of
the Board of Directors valid throughout 2013 as Associated with the reduction of members of the
follows: Board of Directors with effect from December
6, 2013, changes have been made to the job
descriptions and the Supervision of Divisions so
that the wheels of Bank BTN business continue
to run well and smoothly.

Financial Performance trillion, up 17% from last year and reached
Achievement 97% of Business Plan and Budgeting.
We are grateful that despite experiencing Meanwhile, in terms of financial ratios, Capital
difficult challenges as well as internal and Adequacy Ratio (CAR) stood at 15.62% at
external barriers throughout 2013 Bank the end of 2013 and amounted to 17.69% in
BTN managed to achieve good financial 2012 in line with increased lending activities
performance target. during 2013.
By the end of December 2013, Bank BTN Gross Non-Performing Loans (NPLs) ratio
achieved a net profit of Rp1.56 trillion. improved from 4.09% as of December 31,
Although the Bank could not fully meet its 2012 to 4.05% as of December 31, 2013.
2013 Business Plan and Budgeting target of This improvement is in line with Bank BTN’s
Rp1.61 trillion, this amount shows an increase management policy focus in 2013 to improve
of 15% from a year earlier despite pressure productive asset quality, especially loans.
from rising interest rates. The enhancement
was mainly driven by 20% increase in net Loan to Deposit Ratio (LDR) increased from
interest income. 100.90% in 2012 to 104.42% in 2013,
because LDR calculation did not enter the
Interest income rose by 22% in 2013 to savings element of long-term corporate
Rp10.78 trillion or reached 95% of the 2013 loans, while BTN lending is largely KPR with
Business Plan and Budgeting. Meanwhile, a term of 10-20 years. Bank BTN makes use
interest expenses increased by 25% due to of the Loan to Funding Ratio (LFR) entering
an 19% increase in third party funds and all saving components held including bonds,
increase in other source of funds. long term loans, so that LFR reached 87.32%
in 2013 from 83.38% in 2012.
In the period of 2013, Bank BTN experienced
a decrease in net interest income margin (NIM) Meanwhile, Return on Assets (ROA) fell from
to 5.44%. This decrease was largely due to 1.94% in 2012 to 1.79% in 2013 due to larger
the increase in interest burden resulting from increase in Assets than the increase in Profit
increase in BI rate during 2013 from 5.75% along with an insignificant decrease in asset
to 7.50%. Total assets of Bank BTN have quality. While Return on Equity (ROE) was
continued to increase. Besides being able to slightly corrected from 18.23% to 16.05%
maintain its position as one of 10 Indonesian because of the effect of decreasing profit
banks with the largest assets, the increase margins due to higher average interest rates
in bank assets reached a value of Rp131.17 in 2013 than in 2012.
Table of Economic Indicators For The Housing High Housing

Backlog Backlog
Perumahan according to the version of the
yang Tinggi
Finance Industry versi KEMENPERA
Ministry of Public(Unit: juta unit
Housing rumah)
(Unit: million housing units)
8.3 9.1 9.8 10.6
Opportunities
100
Healthy economic condition and housing financial
market that is far from saturated (mortgage / GDP) 80
60
USA : ~80% 40
GDP growth> 6% Nederland: ~75%
BI rate is under control Thailand: ~18% 20
Productive age population growth South Korea: ~ 15%
Consumption increased by> 4% Indonesia: ~ 2% 0
Investment capital flow> 25%
2011 2012 2013 2014

Management Report
In terms of loans, loans and financing It has been more than six decades since Bank
positions of Bank BTN have exceeded Rp100 BTN has faithfully assisted the Government
trillion reaching Rp100.47 trillion or 100% in realizing its lofty ideals for the welfare of
of the 2013 Business Plan and Budgeting. the people, particularly in an effort to provide
Whereas in terms of third party funds, Bank housing for the middle to lower class. However,
BTN managed to raise public funds to several regulations in the distribution of
Rp96.21 trillion or 95% of the 2013 Business subsidized housing loans (KPR) during 2013
Plan and Budgeting. This was due to the tight apparently were not in line with the wishes of
liquidity macroeconomic condition. the Developers and Banks. Nevertheless, Bank
BTN remains optimistic to be able to continue
Business Prospects of Bank BTN distributing much more KPR because Bank
There are five main factors that favor the bright BTN is not only serving the low-income people
business prospects of Bank BTN in 2014 and but also medium income communities, so that
the years to come. housing finance by BTN may be higher in 2014.
First, the healthy Indonesian economy as well The third factor is the low sale of housing units,
as the housing finance market which is still far whereas according to the latest data obtained in
from saturation levels. This can be seen from 2010 showed an increase in cash home sales
the housing finance ratio compared to Gross over the previous year. This shows the existence
Domestic Product (GDP) where Indonesia stood of market share for people who want to make
at the 2% level. Even nearby countries such as a home purchase through loan/financing facility.
Thailand reached 18%.
The last factor that is fundamental for an
The second factor is the huge housing backlog. emerging market is the growth of the middle
The latest data from the Ministry of Public class, who have more purchasing power.
Housing asserted that for 2013 alone there Boarding/home as one of the primary needs is
were 9.8 million housing units needed by the one of the vital requirements sought by middle-
community. In the meantime, projections for class communities.
2014 reach 10.6 million housing units.
Projected number of people (millions) in different

monthly expenditure categories
Table of Housing Sales

50
Number of people (millions)
40
30
20
19,097
17,637
10
Housing Sales
62,563 67,710 0
Payment With Cash
Housing Sales 2010 2015 2020 2025

With Credit
IDR 1-1.5 million per capita per month IDR 1.5-2.6 million per capita per month
IDR 2.6 -5.2 million per capita per month IDR 5.2 million per capita per month or more
2009 2010
Source: World Bank, June 2012
8.3 9.1 9.8 10.6

n sf o
Tra r
ic
m
st
at
Business
H oli
Transformation
io n
• Strengthening of KPR Position
• New Growth Engine
» Strategic Alliance with State-
Owned Enterprises
Preparation of Transformation Platform » Value Chain
» Property Portal
• Increased Funding The Leading
• Preparation of programs, systems, Property Bank in
Indonesia
the organization and infrastructure with World Class
Foundations
• Medium segment market penetration Transformation Culture Service Quality
• Improved IT Transformation
Systems • POLA PRIMA
• Highly competent • Developing
human resources External
• Operational Process Programs
Improvement
Bank BTN Transformation We started the preparation of this transformation

Roadmap platform in 2013, involving programs, systems,
We will certainly not be able to achieve all these organization and infrastructure to start doing
bright prospects if we do not fix what is lacking penetration into the mid-market segment.
and continue to improve what is already good
so that Bank BTN can achieve its vision to be a This holistic transformation is divided into three
leading bank in housing finance with world-class main parts, namely Business Transformation
service quality. as an effort to optimize property finance core
business and property related areas but still
Therefore, at the end of 2013, the Board of develop non-housing finance selectively.
Directors together with all key personnel has Business Transformation also includes business
devised a new Bank BTN Transformation efforts to improve loan portfolio quality and
Roadmap which covers a variety of aspects. new business breakthroughs. In addition, Bank

Management Report
BTN will also continue to enhance fee-based Commitment to Improving

income both from existing businesses and Implementation of Corporate
through the creation of new sources of growth Governance
such as the establishment of subsidiaries in The management of Bank BTN believes that
the field of insurance or multi-finance related to successful achievement of performance can be
the company’s core business. Funding growth maintained in a sustainable manner and various
efforts will be based on increase in low cost third targeted business prospects can be realized
party funds. if the Bank implements the principles of Good
Corporate Governance (GCG) consistently.
The second part of the transformation is in
corporate culture where Bank BTN will use its An assessment by Bank Indonesia in the
existing work culture, PRIMA PATTERN, as the second half of 2012 and first half of 2013 on the
driver of performance improvement by shaping implementation of GCG at Bank BTN requires
more professional human behavior. strengthening and improvement in some ways,
so that the GCG assessment of Bank BTN by
Next is the infrastructure transformation or BI during the period is 4. In response to the
foundational transformation aspect, which is the assessment, Bank BTN has developed an
main basis for business growth of Bank BTN in action plan on improving the quality of GCG
the future. implementation. This Action Plan includes the
Improved Role of Commissioners, Improved
Transformation infrastructure consists of: Active Role of Directors, Increased Compliance
• Improved GCG and its application Role and Functions, Improving the Effectiveness
consistently of Implementation of Internal Audit Functions,
• Improved risk management, compliance, Improved Risk Management Processes and
and internal audit along with application on a Control Systems and Increased Reporting
consistent basis Transparency.
• Structuring of business and business
processes; Strengthening of human capital During 2013, the GCG improvement work plan
to support business and operational consisted of an advanced stage of the programs
activities of previous years. GCG improvement work
• Improved management of loans and programs at the corporate level that have been
collection on an integrative basis implemented are as follows:
• Increased productivity of outlets both office • Continuous improvement of GCG in
network (branches, sub-branches, and cash collection activities to fulfill implementation
offices) and electronic network. Implementing of sound banking principles.
efficiency, including automation of various • Internalization of GCG through implementation
business processes and operations of an advanced whistleblower system and
• Strengthening of MIS at various levels of the iGov.
organization (corporation, divisions, regions, • Externalization of GCG consistently through
and branches). advertorial, as well as through participation
in a number of events.

Bank BTN has also developed a blueprint on In late 2013, Bank BTN obtained a valuation
improving GCG implementation at Bank BTN from an independent third party, namely the
to be carried out through the four pillars of Indonesian Institute for Corporate Governance
corporate governance, namely Commitment (IICG) through ranking of Corporate Governance
on Governance, Governance Structure and Perception Index (CGPI) on the implementation
Infrastructure, Governance Mechanism Process of Corporate Governance in Indonesia during
and Governance Outcome. With this foundation, 2012. As a result Bank BTN again earned the
in late 2013 Bank BTN produced a roadmap rank of Most Trusted. This recognition will of
on new GCG (2013-2017) based on the course motivate us to continue to maintain and
vision that BTN can be one of the companies improve GCG implementation in the future.
with the best governance in Indonesia by
2017. Supported by the mission of improving Changes in Composition of the
corporate value and managing corporate Board of Directors
governance functions based on international At the end of 2013 there was a fundamental
standards with Information Technology (IT) change in the composition of the Board of
support, an implementation strategy map has Directors since determined at the Extraordinary
been structured where GCG implementation General Meeting of Shareholders dated
phase is divided into three parts: Foundation, December 28, 2012.
Internalization and Excellence.
Based on Bank Indonesia Letter dated
Through all these efforts, it is expected that December 6, 2013 regarding Notification of
GCG can be implemented effectively in the Fit and Proper Test Results for Members of
coming years not only because of the obligation the Board of Directors and Executive Officers
of the authority, but to meet the demands of conducted by Bank Indonesia, thus as of
professionalism and conscience to support the
Bank’s business growth on an ongoing basis.

Management Report
December 6, 2013, the Members of the Board Appreciation

of Directors in the name of Evi Firmansyah and The success of Bank BTN in achieving
Saut Pardede could no longer act as members performance is the result of hard work and
of the Board of Directors of the Company. dedication of all employees. On behalf of the
Board of Directors, I am grateful for the hard
In addition, Bank Indonesia also decided not to work and commitment of the employees who
approve Mas Guntur Dwi S. and Purnomo as have worked with full dedication in carrying out
Directors of the Company. Thus, the current their duties and responsibilities and supported
composition of the Board of Directors is as the efforts to realize the Company’s Vision,
follows: Mission and Targets hand in hand together
tirelessly. The Board of Directors is also
Period of January 1 to December 6, 2013 grateful to the Government, Shareholders,
Board of Commissioners, business partners
Maryono President Director
and all stakeholders who have participated in
Evi Firmansyah Director advancing Bank BTN.
Irman Alvian Zahiruddin Director
As a closing remark, particularly on behalf of
Saut Pardede Director
the entire Board of Directors I would like to
Mas Guntur Dwi S Director say thanks and appreciation to all customers
of Bank BTN for the support and trust that
Poernomo Director
has been given to us over the years. May the
Mansyur Syamsuri Nasution Director Almighty God always be with us, pour out His
mercy, and protect us all in facing a better future.
Period of December 6 to December 31, 2013
Maryono President Director
Irman Alvian Zahiruddin Director Jakarta, December 31, 2013
Mansyur Syamsuri Nasution Director
Although the composition of the Board of Maryono

Directors after December 6, 2013 only consisted President Director
of 3 persons, but legally it is still in compliance
with the Articles of Association of the Company.
Furthermore, to acquire additional Directors,
this shall be fulfilled at the next Annual General
Meeting of Shareholders (AGMS).

Board of Directors

Management Report
1. Maryono
President Director
2. Evi Firmansyah
Director
3. Saut Pardede
Director
4. Irman A. Zahiruddin
Director
5. Mansyur Syamsuri Nasution

Director
6. Poernomo
Director
7. Mas Guntur Dwi S.

Director
3 5
6 7
4 1 2

Chapter 3
Business
Overview
56 Economic Development and Banking Industry
63 The Business of Bank BTN
66 Consumer Banking
79 Commercial Banking
84 Sharia Banking
92 Business Prospects
Economic Development
& Banking Industry
Currently, the global economic development The unresolved and more prolonged debt crisis
continues to be overshadowed by uncertain affecting European governments has delivered a
conditions, as the European crisis has not domino effect on the world economy and even
improved, and even tended to show uncertainty penetrated into the economic conditions in Asia,
in 2013. This uncertainty is also very dependent especially countries whose exports have a major
on economic challenges faced, including policies role in the economy.
which will be determined not only by Europe
but also by the United States of America. The The Indonesian economy in 2013 faced
prolonged European crisis has become even formidable challenges due to the impact of
deeper, making slow U.S. economic growth thus slowing growth of the global economy. The
affecting demand in the domestic market. These declining global economy and the need for
conditions would impact on world economic national economic stabilization had an effect
growth from the initial projection of 4.1% to fall on Indonesian economic growth. Indonesian
to 3.9%. Similarly, world trade volume growth economy in 2013 was forecasted to grow by
has been revised from a previous estimate of 5.7%, slowing when compared with the growth
5.6% to just 5.1%. in 2012 of 6.2%. The decline in economic

Business Overview
growth in 2013 was recorded on the limited pressure on the BOP. Current account deficit
growth of real exports due to the global is expected to decline in line with trade surplus
economic slowdown. In terms of domestic driven by increase in non-oil exports in line with
demand, investment growth, especially in non- global economic improvement. In addition, non-
construction investment also slowed down. oil imports also declined in line with domestic
Meanwhile, household consumption is still the economic slowdown. With the development of
prime mover of growth. the BOP, foreign exchange reserves as of end
December 2013 increased to 99.4 billion U.S.
The declining global economic conditions also dollars, equivalent to 5.4 months of imports and
put pressure on the Indonesian Balance of payment of government Foreign Debts, over the
Payment (BOP) in 2013. Pressure on BOP was international adequacy standards of around 3
Influenced by increasing current account deficit, months of imports.
expected to reach 3.5% of GDP, from a deficit in
2012 amounted to 2.8% of GDP. The increase The decreased BOP put pressure on the Rupiah
in current account deficit was mainly caused by exchange rate in 2013, and was accompanied
lower non-oil exports due to decline in global by increased volatility. Point-to-point, Rupiah
economic growth and world commodity prices. fell 21% (yoy) during 2013 to Rp12,189 level to
In addition, oil and gas balance sheet also the U.S. dollar or on average fell 10% (yoy) from
recorded a higher deficit in line with the high Rp10,445 level per U.S. dollar. The pressure
domestic fuel consumption. Pressure on the on the Rupiah was especially strong enough
BOP was also affected by decreasing capital since the end of May 2013 to August 2013, in
and financial account surplus, mainly fueled line with increasing capital outflows triggered
by sentiment against reduction of monetary by sentiment against reduction of monetary
stimulus in the U.S. and also the perception stimulus plan by The Fed, in the midst of
of current account condition. With stabilization increased domestic inflation after the fuel price
policies adopted by the Government and hike and perceptions on the current account
Bank Indonesia, current development in the outlook in the country.
fourth quarter of 2013 indicated an improved
INDICATOR Mar-Q1 Jun-Q2 Sep-Q3 Oct Nov Dec-Q4

Monetary
Inflasi -mtm 0.63% 1.03% (-0.35)% 0.09% 0.12% 0.55%
Inflasi - yoy 5.90% 5.90% 8.40% 8.32% 8.37% 8.38%
BI Rate 5.75% 6.00% 7.25% 7.25% 7.5% 7.5%
Market *
Kurs Rp/USD 9,719 9,929 11,613 11,234 11,977 12,189
IHSG - level 4,940 4,818 4,316 4,510 4,256 4,274
Property Index - level 461 483 384 403 467 336
External
Foreign Exchange Reserves (billion USD) 104.8 92.67 95.7 96.99 96.96 99.39
Balance of Trade (million USD) 137.5 -877.2 -657.2 42.2 776 -
Q1 Q-2 Q3
Current Account (billion USD) -5.8 -9.8 -8.4 - - -

Inflation in 2013 rose to 8.38% from 4.30% in In 2013 the capital market contracted (-1.66 %)
2012, or above the inflation target that has been at year-end closing level of 4.274, compared
set at 4.5 ± 1%. The increase in inflation was to early in the year opening at the 4.346 level.
mainly due to the impact of domestic food price At the end of 2013, the property index closed
volatility and the effect of fuel price hike at the at 336 level or experienced a rise of 3.19%
end of June 2013. The subsidized fuel price compared to a year earlier. If calculated from
hike boosted prices by either direct impact or the highest level the property index experienced
advanced impact (second round effects). correction (-34.57%).
BI Rates vs SBI until Dec 2013

However, throughout 2013, financial system
Des Des Des Des Des Des Des Des Des Des Des Des Des
7.4 stability remained under control supported
7 by sustained banking resilience until the
6.6
6.2 end of 2013. Amid the trend of domestic
5.8
5.4 economic slowdown and weakening of the
5
4.6
Rupiah exchange rate, the performance of the
4.2 Indonesian financial sector in particular the
3.8
3.4 banking industry remained solid with controlled
3
credit risk, liquidity risk and market risk.
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
BI Rate SBI 9 months
Inflation Rate YoY & BI Rates until Dec 2013

8.00
6.00
4.00
2.00
0.00
June
May
Dec
Aug
Sep
Nov
Dec
July
Mar
Feb
Jan
Oct
Apr
Inflation Rates BI Rate
Economic Growth Progress of Inflation
4.90% 6.31% 6.30% 6.00% 4.60% 6.10% 6.50%

10.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
2005 2006 2007 2008 2009 2010 2011
May-09
Sep-09
Nov-09
May-10
Sep-10
Nov-10
May-11
Sep-11
Nov-11
May-12
Mar-09
Jul-09
Mar-10
Jul-10
Mar-11
Jul-11
Mar-12
Jan-09
Jan-10
Jan-11
Jan-12
IDR Exchange Rate to USD Primary Money & Foreign Exchange Reserves
13,000 600,000
500,000
12,000
400,000
11,000
300,000
10,000 200,000
9,000 100,000
0
8,000
9
1
2-Oct-08
2-Oct-09
2-Oct-10
2-Oct-11
n0
r0
l0
t0
n1
r1
l1
t1
n1
r1
2-Jul-08
2-Jul-09
2-Jul-10
2-Jul-11
2-Apr-08
2-Apr-09
2-Apr-10
2-Apr-11
2-Apr-12
2-Jan-08
2-Jan-09
2-Jan-10
2-Jan-11
2-Jan-12
Ju
Ju
Ok
Ok
Ap
Ap
Ap
Ja
Ja
Ja
Primary Money (Rp. M) Foreign Exchange Reserves (USD juta)

Business Overview
Loans growth decelerated and as of end To that end, Bank Indonesia has taken various
November 2013 stood at 21.9% (yoy), measures relating to prudential macro policy,
decreased if compared to the growth in late such as Loan to Value (LTV) ratio for housing
2012 of 23.1%. This decline was affected by loans, the amount of advance payment for
the sharp decline in Rupiah loans growth from motor vehicle loans and some restrictions on
24.0% as of end 2012 to 20.0% as of end credit cards.
November 2013. Bank Indonesia estimated that
the slowdown loans was consistent with slowing This has led to a decrease in the demand for
economic growth and the effect of the increase new loans, especially KPR/KPA in response to
in domestic interest rates. the continued policy of Bank Indonesia on Loan
to Value (LTV) applicable from September 2013
The development of loan and third as well as the interest rate hike.
party funding of Indonesian banking
Property Loan Development
Economic growth factors through banking
industry showed that bank loans growth Realization of Banking and Property
continued to increase up to an average of 23%. Loans
Loans growth was also supported by growth Based on a survey conducted by Bank
of third party funds nationally that grew at an Indonesia, property loans disbursed by
average of 16% similar as the previous year. commercial banks until the third quarter of 2013
(September 2013) reached Rp446.14 trillion,
Despite the good accomplishments that had increased by 7.27% compared to last quarter
been shown by national banks as described or an increase of 30.80% if compared with
previously, however there remained some notes the same period in the previous year. Property
that need to be observed by national banks, loans contributed Rp274.46 trillion or 8.76%
such as efforts to mitigate potential risks that of total outstanding loans of commercial banks
could arise in the consumption sector. amounting to Rp3,130.0 trillion.
The Growth of National Credit National Third Party Funds growth

1,022 1,300 1,455 1,704 2,200 2,433 1,511 1,753 1,973 2,539 2,735 2,956
2,000 30% 3,500 20%

30% 22%
GR
CA
20% 25% 3,000 R 15
%
35% CAG 18%
1,500
22% 20% 2,500
22%
2,000 16%
1,000 15%
1,500 14%
10% 10%
500 1,000
5% 12%
500
0 0 10%
2007 2008 2009 2010 2011 2012 2007 2007 2007 2007 2007 2007
National Credit Rp 0 Growth National Credit Rp 0 Growth

On a quarterly basis, the largest growth was Rp7.34 trillion total funds targeted for the year
experienced by construction loans, which 2013. Thus, there were still 43.93% unutilized
increased by 11.99% from the previous quarter, funds by low income community groups. Total
followed by housing and apartment loans homes funded using FLPP were as many as
(KPR and KPA) which increased by 5.96%. 12,800 homes. FLPP funds prepared by the
Meanwhile, real estate loans increased 5.02% Government throughout 2013 were as much
from previous quarter. as Rp7.34 trillion. The funds were assessed
enough to cover 350,000 housing units. The
The proportion of property loans did not advantage of using FLPP is that low income
experience significant changes from last quarter. communities can obtain a housing loan with
Housing loans still occupied the largest market a fixed interest rate of 7.25% (maximum) for a
share of property loans in the amount of 61.50%, maximum installment period of 20 years
followed by construction loans of 25.00% and
real estate loans of 13.50%. Fulfillment of Housing Needs
In addition to the above, it is also important to
Residential property sales level in third quarter of understand the explanation given by the Ministry
2013 increased by 39.80% (qtq). The increase of Public Housing that with regard to housing
in sales occurred mainly in small type houses business, the house must be understood as
amounting to 43.68% (qtq). a fundamental right of the people to improve
dignity, respect, quality of life and livelihood.
From the consumer side, KPR facilities However, unfortunately the basic rights of the
remain the main option in property purchase people are still not fully met because of the
transactions. Survey results show that the relatively large gap in fulfilling housing needs
majority of consumers (76.68%) still choose (backlog). Home needs as much as 800,000
KPR as a major facility in the purchase of units annually are met by a capacity to build
residential property especially for small house 400,000 housing units/year consisting of
types. Simplicity to access KPR facilities and 250,000 units by developers and 150,000
KPR interest rates that began to decline is units by non-government elements. With this
increasingly utilized by consumers in home condition, there is an additional housing backlog
purchase transactions. KPR interest rates as many as 400,000 units/year.
charged by banks especially government-
owned banks generally range between 9% However, on the other hand, this condition is
and 13%. In addition through KPR facilities, as a promising opportunity for business people in
many as 9.50% of consumers choose using the housing sector. Moreover, the aspects of
the gradually cash payment facility, and a small property growth will become the driving force
portion (13.82%) pay in cash (hard cash). for economic activities. Lots of labor can be
absorbed. Business contribution to the property
Of total KPR disbursed by Bank BTN from sector is really significant for the national
January to September 2013, as much as economy because it can drive the sectors
5.75% were utilizing Housing Finance Liquidity of trade, industry and services and foster
(FLPP) facilities from the Government and the new economic centers. Thus, the multiplier
rest (94.25%) through non-subsidized KPR. effect is incredible. Not less than 175 related
KPR Sejahtera FLPP (subsidized) for low industrial products are very dependent on the
income community groups (MBR) experienced development of this business. Thus, the needs
acceleration of utilization during the third for property business continue to increase in line
quarter of 2013. FLPP disbursement up to third with economic activity development.
quarter of 2013 amounted to 56.07% from

Business Overview
National Housing Backlog Population Growth

Indonesia is a country that is the fourth most
populous in the world, dominated by younger
age population of less than 50 years. The
Housing population of Indonesia is very large and
Backlog 15,000,000* dominated by productive age that will drive
residential demand up to 1.8 million housing
Nonsubsidized
units by 2020. This supply includes 1.1 million
housing 85% housing units for less than Rp300 million,
300,000 units worth Rp300-500 million, 150,000
units for Rp500 million – Rp1 billion, and 50,000
units for Rp1 billion and above. In the same
“Government
subsidized period, Jakarta residents will require 200,000
housing
400,000 units”
apartment units. A total of 160,000 apartment
(FLPP: 150,000 units are subsidized apartments sold under
and Non-
Subsidized) 200 million, 20,000 apartment units located in
the middle segment with selling price of Rp205
million to Rp500 million, 14,000 apartment units
targeting the middle segment and above at a
Decent habitable homes are considered price of Rp505 million – Rp1.5 billion, and 6,000
important for low income communities apartment units targeting the upper segment at
* The amount represents a promising opportunity for Developers to a price above Rp1.5 billion each.
fulfill housing needs for low income communities
1,500
1,250 WORLD POPULATION (in Millions)

1,000
750
500
250
0
China
India
United States
Indonesia
Brazil
Pakistan
Nigeria
Bangladesh
Russia
Japan
Source : U.S. Census Bureau, Database International

From these data can be concluded that housing However, Bank BTN is aware that housing
needs never subsided in line with population industry opportunities are colored with a
growth and regional development. The increasing number of challenges. Down payment is still
demand for housing is evident from the results the most important obstacle for the community.
of a survey conducted by Bank Indonesia which Furthermore, loan installments and loan terms
shows that residential property sales level in the and conditions are the next constraints. Based
fourth quarter of 2013 experienced an increase on a research performed by Iman Sugema, an
of 26.68% (qtq). The increase in sales primarily economist, most people (62%) are willing to
occurred in small house type at 41.02% (qtq) as pay a down payment of 10% of the sale price
has been discussed previously. of the house. While 32% are willing to pay 11%-
20% of the sale price. Only 6% people could
The following is a chart about residential pay 21%-30% of the sale price. This condition
property sales data in fourteen major cities in must also become a consideration for Bank
Indonesia: BTN in launching new housing loan products
and seize every existing opportunity. In order to
overcome this problem, Bank BTN encourages
the Government to support property sector
development through harmonizing national
and local regulations associated with property
issues, as well as providing tax incentives for the
property sector.
HOME SALES (%) III TW-2013 BY LOCATION

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
Medan
Padang
Palembang
Bd. Lampung
Jabodebek
Banten
Bandung
Semarang
DIY
Surabaya
Denpasar
Pontianak
Banjarmasin
Makassar
Manado
n High n Middle n Low
Source : Residential Property Survey for the Third Quarter - 2013 Bank Indonesia

Business Overview
Bank BTN Business
Bank BTN has been designated by the Bank BTN’s Nature of Business is more
Government as Housing Loan Finance focused on the provision of housing loans
Institution to help middle to lower communities that is not limited to subsidized loans with
in channeling Subsidized KPR based on consistent adherence to prudential banking
Minister of Finance Letter Number B-49/MK/ practices supported by increased collection
IV/1/1974 dated January 29, 1974 regarding of retail funds.
Housing Loans (KPR). This is continued in the
implementation of distribution of subsidized On the basis of such nature of business, Bank
KPR programs, particularly Interest Difference BTN divides its products and services into
Subsidized KPR and Down Payment Subsidy. three major parts, namely: Consumer Banking,
Commercial Banking and Sharia Banking.
Effective from 2010, in accordance with
Minister of Public Housing Regulation No.14 Subsequently based on its Revised 2013
of 2010 dated September 3, 2010 on Housing Business Plan and Budgeting (RKAP Revisi),
Procurement through Welfare Housing Loan segregation of mortgage with consumer
(Kredit Pemilikan Rumah Sejahtera) with the lending and with retail funding was done at the
Support of Liquidity Facility Housing Financing directorate level in an effort to further strengthen
Assistance, and MoU between Bank BTN mortgage business as the core business of
and Ministry of Public Housing No.10/DP/ Bank BTN. The segregation of mortgage with
PKS/2012 and No.24/MOU/DIR/2012 dated consumer lending was also performed at the
October 18, 2012 on Housing Finance division level through the formation of subsidized
Liquidity Fund Distribution Facility (FLPP). In KPR which is separate from non-subsidized
the context of Housing Procurement through KPR. To support promotion of MSME portfolio
Credit/Financing of Welfare Home Ownership at the division level, small and micro lending has
(Kepemilikan Rumah Sejahtera), Bank BTN has been established separately from commercial
been appointed as one of the channeling banks lending.
of KPR Sejahtera with FLPP support. Thus,
the agency that provides this kind of financing Each division is running a business through
is not only limited to Bank BTN, but also other lending, funding, and services associated with
Government-Owned Banks, Private Banks and its scope. However, Bank BTN’s core business
Regional Development Banks, so that the nature is in housing finance. This is evident from the
of business is free competition. Bank’s loan portfolio in 2013 that 76.66% was

housing finance sector. In fact, by the end of disbursed in 2013. Bank BTN managed to
2013, Bank BTN remained the largest distributor channel Rp6.02 trillion loans in new subsidized
Bank of housing loans in Indonesia. The market KPR.
share of Bank BTN as market leader of housing
finance (KPR) in Indonesia as of September 30, Based on Bank Indonesia data as of December
2013 reached 23.9%. This shows the success 31, 2013, Bank BTN was included in the 10
of Bank BTN in increasing market share in the largest banks in Indonesia in terms of total
middle of intense competition in the housing assets and loans. Total assets of Bank BTN
finance industry in Indonesia. reached Rp131.17 trillion in 2013, or an
increase of 17% from Rp111.75 trillion in 2012.
While in terms of the market share of While the position of loans and sharia financing
Government credit subsidy for low income as of December 31, 2013 reached Rp100.47
communities (MBR), Bank BTN is the highest trillion, up 23% from the same period of 2012
at 93.88% based on the amount of new loans amounting to Rp81.41 trillion.
Bank BTN Loan Portfolio Position
Dec-09 Dec-10 Dec-11 Dec-12 Dec-13

Type of Loan
Rp billion Comp* Rp billion Comp* Rp billion Comp* Rp billion Comp* Rp billion Comp*
Housing Loans 38,144 93.64% 46,710 90.61% 55,805 87.79% 70,223 86.26% 87,005 86.60%
Subsidized Mortgages 19,088 46.86% 21,945 42.57% 25,804 40.60% 25,562 31.40% 28,429 28.30%
Non-Subsidized Mortgages 12,482 30.64% 15,635 30.33% 18,611 29.28% 29,129 35.78% 39,548 39.36%
Other Housing Loans 2,782 6.83% 3,611 7.00% 4,199 6.61% 6,070 7.46% 7,198 7.16%
Construction Loans 3,792 9.31% 5,519 10.71% 7,191 11.31% 9,462 11.62% 11,829 11.77%
Non-Housing Loans 2,589 6.36% 4,840 9.39% 7,759 12.21% 11,187 13.74% 13,463 13.40%
Consumer Loans 688 1.69% 1,398 2.71% 1,463 2.30% 1,923 2.36% 2,597 2.59%
Commercial Loans 1,901 4.67% 3,442 6.68% 6,296 9.90% 9,264 11.38% 10,865 10.81%
Total 40,733 100.00% 51,550 100.00% 63,564 100.00% 81,411 100.00% 100,467 100.00%
Note: Numbers include Sharia savings
Loans Granted by Bank BTN
2009 2010 2011 2012 2013

Type of Loan
Rp billion Comp* Rp billion Comp* Rp billion Comp* Rp billion Comp* Rp billion Comp*
Housing Loans 162,319 14.012 165,920 16.954 166,440 18.789 189,378 28.040 200,784 33.955
Subsidized Mortgages 117,739 5.576 100,428 4.727 104,536 5.896 66,456 4.213 86,672 6.506
Non-Subsidized Mortgages 30,971 3.509 43,912 5.324 39,548 5.340 85,407 12.479 77,277 14.286
Other Housing Loans 13,439 859 21,419 1.680 19,214 1.540 27,938 2.659 24,596 2.500
Construction Loans 170 4.068 161 5.223 3,142 6.013 9,577 8.689 12,245 10.663
Non-Housing Loans 9,204 2.290 17,726 4.117 21,683 6.384 45,608 9.680 34,305 10.338
Consumer Loans 6,744 477 13,585 743 12,639 900 29,620 1.809 21,990 2.389
Commercial Loans 2,460 1.813 4,141 3.374 9,044 5.484 15,988 7.870 12,315 7.949
Total 171,523 16.302 183,646 21.071 188,123 25.173 234,986 37.719 235,089 44.293

Business Overview
Realization Of Housing Loans Granted
Total Housing Loans Granted Total Housing Loans Granted

(in housing units) (in millions of rupiah)
148,710 144,340 144,084 151,863 163,949 9,085 10,051 11,236 16,692 20,793
160,000 20,000
155,000
15,000
150,000
145,000 10,000
140,000
5,000
135,000
130.00 0
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Total Subsidized Housing Loans Granted Total Subsidized Housing Loans Granted
117,739 100,428 104,536 66,456 86,672 5,576 4,727 5,896 4,213 6,506
120,000 6,000
100,000 5,000
80,000 4,000
60,000 3,000
40,000 2,000
20,000 1,000
0.00 0.00
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Total Non-Subsidized Housing Loans Granted Total Non-Subsidized Housing Loans Granted
30,971 43,912 39,548 85,407 77,277 3,509 5,324 5,340 12,479 14,286
80,000 15,000
12,000
60,000
9,000
40,000
6,000
20,000
3,000
0.00 0.00
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Consumer Banking
e r P roduc ts
Co n s u m
Subsidized Mortgages
KPR BTN Sejahtera Tapak
KPR BTN Sejahtera Susun
Non-Subsidized Mortgages Time Deposits

Deposito BTN
KPR BTN Platinum
Deposito Valas BTN
Loan Product
KPA BTN
Deposit Products
Kredit Ruko BTN Demand Deposits
Giro BTN
Other Housing Loans Giro Valas BTN
Kredit Agunan Rumah BTN
Kredit Bangun Rumah BTN
Savings
Tabungan BTN Batara
Tambahan Bantuan Uang Muka dan Biaya Tabungan BTN Batara Pensiunan
Membangun (TBUM/TBM) BTN Bapertarum
Tabungan BTN Prima
Pinjaman Uang Muka Perumahan Kerjasama Bank Tabungan BTN Junior
(PUMP-KB) Jamsostek PRR-KB BTN Jamsostek Tabungan BTN Juara
(Kredit Pembangunan dan Renovasi Rumah Tabungan BTN Haji
Anggota Jamsostek)
Tabungan BTN Haji Plus
TabunganKu
Consumer Loans
Kredit Swadana BTN Post Savings
Kring BTN Tabungan BTN e-BataraPos
Kring BTN Pensiunan Tabungan BTN Cermat
Consumer banking is intended for individual Loan Products

customers consisting of Loan Products and In 2013, Bank BTN managed to channel
Savings Products. Loan products are divided conventional consumer loans amounting to
into four, namely: Subsidized Housing Loans Rp23.84 trillion or 53.83% of total loan portfolio
(KPR), Non-Subsidized KPR, Other Housing or nearly reached 100% of the 2013 target in the
Loans and Consumer Loans. While Savings midst of increased interest rates and increasingly
Products are divided into three, namely: Demand stringent competition.
Deposits, Savings and Time Deposits, as can be
seen in the above Figure.

Business Overview
The entire individual loans granted by Bank In terms of the FLPP program which lasted
BTN are denominated in Rupiah. Distribution of from October 2010 up to January 2012 (“FLPP
consumer loans by banks in 2013 grew over the 2010”), the Government provides 60% of total
last 4 years which is described as follows: funding to Banks for Subsidized KPR at a fee
Customer Loan Position in 2013 of 0.50% per year, while the Bank finances the
(in billions of Rp)
remaining 40% of funding needs. The funds
6,019
30,000 are then provided to customers in the form of
3,989 25,000
Subsidized KPR at fixed interest rate, depending
13,267 on the size of KPR value, which ranges from
20,000
11,584 8.15% to 8.50% per year for a landed house and
4,641
5,528
15,000 9.25% to 9.95% per year for a flat. Subsidized
KPR term is a maximum of 15 years. The
10,000
4,925 4,867 subsidy program is provided to customers who
2,615 2,452 5,000 do not have a home, have maximum income
1,666 1,519 2,105
844 1,370 0 of Rp2.5 million per month for a landed house
732
purchase and maximum income of Rp4.5 million
2010 2011 2012 2013
per month to purchase a flat, and have a NPWP
Subsidized Mortgages Other Housing Loans (tax identification number) and SPT (annual tax
Non - Subsidized Mortgages Consumer Loans - Non Housing
return). There is no insurance provided by the
Government in connection with the 2010 FLPP
Subsidized KPR program.
In order to support the success of Government
program implementation with regards to In March 2012, the Government changed
provision of housing facilities for Indonesian the Subsidized KPR format based on FLPP
communities, in particular for Low Income program (“FLPP March 2012”). With regard to
People (MBR), Bank BTN has been appointed March 2012 FLPP program, the Government
by the Government of the Republic of Indonesia provides funding amounting to 50% at a funding
since 1974 as one of the institutions to channel fee of 0.50% per year, while the Bank finances
Housing Loans (KPR). Distribution of the first the remaining 50% of funding needs. These
KPR was made in 1976. funds arethen provided to eligible customers, in
the form of KPR with fixed interest rate of 7.25%
Subsidy schemes provided by the Government, per year and a period of up to 15 years. The
in this case the Ministry of Public Housing, government also insures 70% of the amount of
have been amended several times since first Bank debt repayment for every loan. Insurance
introduced in 1976 up to now. premium of about 0.37% per year is included
in the fixed interest rate of 7.25% per year
Before September 2010, the Government charged to the customer. With such insurance
had two subsidized KPR programs, namely cover, in case the customer failed to pay or
Down Payment Subsidy (Subsidi Uang Muka, defaulted, the Company would receive the
SUM) and Interest Difference Subsidy (Subsidi entire insured funds as claim payment. Based
Selisih Bunga, SSB). Since October 1, 2010, on the March 2012 FLPP, Subsidized KPRs
the Government has introduced a new scheme are granted to customers who do not yet have
for Subsidized KPR, namely Housing Finance a home with a maximum income (basic salary)
Liquidity Facility (Fasilitas Likuiditas Pembiayaan of Rp3.5 million per month to buy a landed
Perumahan, FLPP). Subsidized KPR according house and a maximum income (basic salary)
to FLPP program is managed by the Housing of Rp5.5 million per month for the purchase of
Finance Center Public Service Board (Badan a flat. The customer must also have a NPWP
Layanan Umum Pusat Pembiayaan Perumahan, (tax identification number) and SPT (annual tax
BLU - PPP). Home buyers who qualify for return) or income certificate from the company.
Subsidized KPR are not subject to 10% VAT
payment.

With regards to the March 12 FLPP program, rate of 7.25% per year, and a term up to 20 years.
the Government sets the maximum selling price The government also sets the same insurance
for a home that may be purchased using the scheme as the March 2012 FLPP program.
FLPP program of Rp70 million with a land area In terms of the July 2012 FLPP program, the
of at least 36 m2. The maximum loan amount Government sets the maximum selling price
provided by the Bank is equal to the selling price for a house or flat that can be purchased using
of the house or flat, reduced by advances with a the FLPP program based on the location of the
maximum LTV ratio of 90%. house or flat.
In July 2012, the Government once more The bank would repay government funding
changed the Subsidized KPR format based on each month in conformity with the installment
the FLPP program (“FLPP of July 2012”). With payment schedule from customers.
regards to the July 2012 FLPP program, the
Government provides funding of 70% of total The interest rate level for Subsidized KPR is set
Bank funding for Subsidized KPRs at a funding by the Government, based on discussions with
fee of 0.50% per year, while the Bank finances Subsidized KPR distributor banks. Calculation
the remaining 30% of funding needs. These of base lending rate according to the latest
funds are then granted to eligible customers in FLPP scheme is as follows:
the form of Subsidized KPR with a fixed interest
MAXIMUM HOUSE PRICE MINIMUM INSTALMENT/MONTH

(Rp) DOWN KPR VALUE INTEREST (Rp)
REGION
PAYMENT (Rp) RATE TENOR TENOR
SITE FLATS 10% (Rp) 15 yr 20 yr
I 88,000,000 8,800,000 79,200,000 7.25% 736,129 635,150
II 95,000,000 9,500,000 85,500,000 7.25% 794,684 685,673
III 145,000,000 14,500,000 130,500,000 7.25% 1,212,939 1,046,554
IV 95,000,000 9,500,000 85,500,000 7.25% 794,684 685,673
Flat 216,000,000 21,600,000 194,400,000 7.25% 1,806,861 1,559,004

Business Overview
Bank BTN is always committed to providing This is evident from the achievement of
Subsidized KPR to the lower middle income Bank BTN in the Subsidized KPR sector.
communities. On the other hand, distribution Throughout 2013, Bank BTN managed to
of loans is carried out in accordance with channel Subsidized KPR amounting to Rp6.02
prudential principles taking into account the risk trillion, or as many as 80,148 housing units
profile return, and to remain competitive with the through Conventional Banks and Rp488 billion,
banking industry, because all existing national or as many as 6,524 housing units through
banks can provide the same Subsidized KPR. Sharia Business Units.
Although at present many Banks have When compared with the distribution of
participated in the financing of housing subsidy Subsidized KPR in 2012, the figure in 2013
through this FLPP scheme, but as a bank which experienced an increase of 51% compared to
since 1976 has been committed to assisting the previous year. Subsidized KPR disbursement
government with this program, Bank BTN leads was stopped in 2012, so that many requests
the market with a dominant market share. for Subsidized KPR were only realized in 2013.
However, Bank BTN still leads the market with
With a mature infrastructure and efficient Subsidized KPR market share of 93.88%.
operational management as well as having won
the heart of customers through its fast process,
Bank BTN has been able to make a profit from
Subsidized KPR.
7 BTN BPD Kalimantan Tengah

%
BTN SYARIAH BPD Sumatra Utara

BNI BPD Sumatra Utara Syariah
BUKOPIN BPD Nusa Tenggara Timur
Bank Mandiri BPD PAPUA
Bank Syariah Mandiri BPD RIAU KEPRI
BRI Syariah BPD SUMSEL & BABEL
%
BRI BPD Jawa Tengah

86
BPD Kalimantan Timur BPD Jawa Timur
Distribution of Subsidized Housing Loans (Rp billion) Position of Subsidized Housing Loans (Rp billion)
5,528 3,989 6,019 25,271 24,799 27,256

6,000 27,000
5,000 26,500
26,000
4,000
25,500
3,000
25,000
2,000
24,500
1,000 24,000
0 23,500
2011 2012 2013 2011 2012 2013

Non-Subsidized KPR KPA BTN is an apartment loan for the purpose
Bank BTN has developed a KPR portfolio for the of purchasing an apartment, both new and used
upper middle segment of customers through apartment, buying unfinished apartment (indent)
non-subsidized KPR. Non-subsidized KPR and loan take-over from another bank. KPA BTN
services consist of products, KPR & KPA, as excellence is its competitive interest rate, quick
well as Kredit Ruko as follows: and easy process, very flexible term, credit
life insurance, fire insurance, and earthquake
KPR BTN Platinum insurance, and has an extensive network of
As the housing finance leading bank, we cooperation with developers in major cities
present KPR BTN Platinum as a solution for the throughout Indonesia accompanied by very
Indonesian family to have a dream home. attractive promotional programs. The maximum
financing of KPA BTN is up to 80% from the
KPR BTN Platinum is a housing loan from lowest value of the selling price after discounted
Bank BTN for the purpose of home purchase with fair market value based on Bank appraisal
from a developer or non-developer, good for for the building with land area of more than 70m2
the purchase of new or used house, unfinished or 70% for the building with land area of less
house purchase (indent) and loan take-over from than 70m2. Prevailing interest rate is floating rate
another bank. KPR BTN Platinum excellence with a maximum term of 15 years. Throughout
is its competitive interest rate, quick and easy 2013, Bank BTN channeled 2,066 KPA BTN
process, very flexible term, credit life insurance, units (2012:1,763 units) with a total value of
fire insurance, and earthquake insurance, and Rp522 billion.
has an extensive network of cooperation with
developers throughout Indonesia. Bank BTN Kredit Ruko BTN
provides financing up to 80% of the lower of Bank BTN believes that the business place is
the selling price of the house after discounted an integral business media for entrepreneurs
to fair market value, based on appraisal by the with business partners. To that end, Bank
Bank for a house with land area of more than BTN presents Kredit Ruko BTN with beneficial
70m2or 70% for a house with land area of less facilities for entrepreneurs to have a place of
than 70m2. Prevailing interest rate is floating rate business and residence at the same time.
with a maximum loan term of 25 years. The loan
is also secured by the house and land financed. Kredit Ruko BTN is a shop-house/office house/
Throughout 2013, Bank BTN channeled 67,699 kiosk that can be habitable or place of business.
KPR BTN Platinum units (2012:75,922 units) Its excellence is competitive interest rate, quick
with a value of Rp12.55 trillion. and easy process, very flexible term, credit
life insurance, fire insurance, and earthquake
KPA BTN (Apartement Loan) insurance (in some regions). Through Kredit
Along with the development of lifestyle in Ruko BTN, Bank BTN channels loans to buy
choosing occupancy types and customer needs home stores (shop-houses) which can function
for investment in the property segment, KPA BTN as a store, office, or other business purposes.
product is one form of our support in facilitating Loan is granted to a maximum of 70% of the
customer needs to own an apartment. purchase price or market value, whichever is

Business Overview
lower. Kredit Ruko generally has a maximum Bank BTN realizes that the banking industry
term of 15 years secured by the shop- competition in the country has intensified. This
house being financed at floating interest rate. requires all industry players to deliver various
Throughout 2013, Bank BTN channeled 622 services and products under one roof. Bank
Kredit Ruko BTN units (2012:738 units) with a BTN also always responds to the trends of non-
total value of Rp197.54 billion. subsidized housing loans and is committed to
diversifying its products and reaching the upper
Distribution of Non-subsidized KPR during middle class.
2013 reached Rp13.27 trillion, or 15% higher
compared to 2012 amounting to Rp11.58 Other Housing Loans
trillion. Of the amount, the distribution of KPR To enhance its business growth, Bank BTN also
BTN Platinum still contributed the largest, offers housing loan related products. Here we
namely Rp12.55 trillion, and this amount was present the realization of other housing loans
up by 14% from 2012 amounting to Rp11.00 granted in 2013.
trillion.
Given the trend, Bank BTN is attempting to
The distribution of Kredit Ruko BTN in 2013 strengthen other housing loans through product
reached Rp197.54 billion, down 12% from services which we briefly describe as follows
2012 which amounted to Rp222.44 billion as a
result of the increase in interest rates. Although Realization of Other Consumer Loans Distribution in 2012
(in billions of rupiah)
the distribution of Kredit Ruko BTN was slightly
Loans Product 2010 2011 2012 2013
reduced, Bank BTN remains confident to make
Kredit Agunan
this Non-subsidized KPR as one focus of Bank Rumah BTN
1,557 1,402 2,431 2,277
BTN growth in the future, because of its positive
Kredit Bangun
achievement in 2013. Rumah BTN
30 20 41 36
PUM-KB
Development of Non-Subsidized Housing Loan Distribution 78 84 115 126
(Rp billion) Jamsostek BTN
2011 2012 2013
PRR-KB
1 13 22 12
KPR BTN Platinum 4,493 10,999 12,548 Jamsostek BTN
KPA BTN 242 363 522 TBUM

- 0 5 2
Bapertarum
Kredit Ruko BTN 131 222 198
TBM Bapertarum - - 0 0
Total 4,866 11,584 13,267
1,666 1,520 2,615 2,452
Note: Numbers not include Sharia Financing
Position of Non-Subsidized Housing Loans

(Rp billion) (Housing Loan Collateral)
17,271 27,241 36,948 To meet the various needs of customers, such
40,000 as cash, home renovation costs, children
35,000 education expenses, traveling costs, the cost
30,000
of Hajj, purchasing a vehicle or other purposes,
Kredit Agunan Rumah (KAR) BTN is the solution.
25,000
20,000
15,000
10,000
5,000
2011 2012 2013

KAR BTN is a loan facility from Bank BTN that For customers who participated in Jamsostek
can be used by customers for various consumer and are experiencing financial hardship over
needs secured by the residential house/ home purchase down payment in the form
apartment/shop-house/office-house owned of Housing Loan (KPR), then PUM-KB BTN
by the customers. KAR BTN excellence is its Jamsostek is the solution. These loans are
competitive interest rate, free credit value, highly provided by PT. Jamsostek (Persero) through
flexible term up to 10 years and protected by Bank BTN to members who are eligible for
credit life insurance and fire insurance. PUM-KB, for the purpose of home purchase
down payment. PUM-KB BTN excellence is the
This loan is used to fund various purposes as flexible PUM-KB term up to 15 years and not
long as not conflicting with the law. For this exceeding the KPR term, interest rate of 6%
product, the customer submits collateral in with a maximum loan as follows
the form of land and building. The maximum • Wages up to Rp5 million: Rp20 million loan
amount of loan granted is 75% of the maximum
transaction value according to the Bank if • Wages > Rp5 million up to Rp10 million:
collateral is in the form of residential house. If Rp35 million loan maximum
the loan is secured by apartment/shop-house/ • Wages > Rp10 million: Rp50 million loan
condominium/flat/office-house, the amount maximum
of loan granted may not exceed 60% of the
value of the transaction value according to the PUM-KB BTN Jamsostek is granted together
Bank. This loan has a maximum term of 10 with KPR BTN.
years at floating interest rate.
PRR-KB BTN Jamsostek
Kredit Bangun Rumah BTN Bank BTN grants a loan earmarked to renovate
(Construction Loan) the houses of recommended Jamsostek
Bank BTN is always ready to help finance members.
customer needs to build a dream house.
Through Kredit Bangun Rumah BTN (KBR BTN), For customers who are Jamsostek participants
Bank BTN grants loan facility to customers who and are experiencing financial difficulties in
want to build a house on his/her own land. home development or improvement together
with Kredit Agunan Rumah (KAR), the PRR-
KBR BTN excellence is its competitive interest KB BTN Jamsostek is the solution. These
rate, quick and easy process and has an loans are granted by PT. Jamsostek (Persero)
extremely flexible term up to 10 years. KBR through Bank BTN to eligible members for
BTN is a loan to build a house for individual PRRKB, with the aim to develop/improve
customers who already own land or a plot of homes, for which loans are applied, approved,
land. Financing amount is 70% of the Budget granted simultaneously against pari-passu
Plan (RAB) to build a house according to the collateral with KAR. PRR-KB BTN Jamsostek
Bank. Loan term is provided for up to 10 years excellence is its flexible term up to 10 years
with floating interest rate. and not exceeded the KAR term, interest rate
of 6%, loan maximum of up to Rp30 million
PUM-KB BTN Jamsostek and not exceeded 50% of the total loan (Kredit
Bank BTN grants a loan earmarked for down Agunan Rumah BTN home plus PRR-KB
payment of home purchase or apartment Jamsostek).
purchase to recommended Jamsostek
members.

Business Overview
TBUM BTN Bapertarum Kredit Ringan BTN (Kring BTN)

Bank BTN grants a loan earmarked for additional Various needs of Company/Agency Employees
home or apartment purchase advance payment can be facilitated through Bank BTN by Kring
for eligible civil servants. BTN. Kring BTN is a loan with mild installments
to employees of companies/agencies without
For Civil Servant (PNS) customers who are any collateral, against employee appointment
experiencing financial difficulties in connection letter (SK) of the customer. Kring BTN
with KPR home purchase advance payment, excellence is cash up to Rp100 million, with a
Additional Advance Payment Assistance competitive fixed interest rate, quick and easy
(Tambahan Bantuan Uang Muka, TBUM) is the process without any collateral, flexible term up
solution. This product is partial KPR purchase to 5 years, protection of credit life insurance
advance payment assistance or partial relief and also gradual reduction of installments if
of KPR financing, consisting of aid that does customer salary payments make use of the
not have to be returned and aid that must BTN Payroll Facility.
be returned, channeled to civil servants who
meet the requirements and is intended for Kredit Ringan BTN Pensiunan
group I, group II and group III, with source of (Kring BTN Pensiunan)
funds coming from Taperum–PNS contribution In addition to Kring BTN, Bank BTN also
funds. Bapertarum loans are granted through provides services that cater to the needs of
Bank BTN to civil servants eligible for TBUM retirees with a maximum loan amount of Rp300
Bapertarum, for the purpose of home purchase million. Maximum loan period is up to 7 years
advance payment. The advantage is 6% interest with fixed interest rate.
rate with maximum loan amount as follows:
• Group I: Rp13.2 Million Kredit Swadana BTN
• Group II: Rp13.5 Million Get added benefit value of your Time Deposit or
• Group III: Rp13.8 Million Savings at Bank BTN with kredit swadana BTN
at very flexible loan interest rate which utilizes
Non-Housing Consumer Loans the interest rate of customer funds.
Non Housing Consumer Loan is one main focus
of Bank BTN in increasing its business growth, Kredit Swadana BTN is a loan facility granted
because it has a potential market that is able to customers with collateral in the form of
to survive the global financial crisis. This type of savings and time deposits placed at Bank BTN
loan also has a widespread customer base. With with a maximum loan amount of 90% of the
a large customer support of about 1,257,337 funds deposited at Bank BTN. The advantage
loan accounts and approximately 4,613,596 is its competitive interest rate, quick and easy
savings accounts, Bank BTN’s opportunity to process, very flexible term of up to 1 year and
increase business in this segment is huge. can be extended.
Here we present the realization of non-housing

loan distribution in 2013.
Development of Consumer Loan Distribution - Non-Housing (in billions of Rupiah)

2011 2012 2013
Kring BTN 432 584 595
Kring BTN Pensiunan 4 30 37
Kredit Swadana BTN 409 628 1,155
Kredit Pegawai 0 129 319

844 1,370 2,105
Note: Numbers not include Sharia Financing

Savings Products With regards to consumer savings products,
Bank BTN also provides a variety of savings Bank BTN collects funds from the public in the
products to address the needs of its customers, form of individual demand deposits, savings and
which can be grouped into 3 (three) products, time deposits.
namely Demand Deposit, Savings, and Time
Deposit. Savings products are utilized by Bank In more detail regarding the description of
BTN to maintain a sound liquidity position, in consumer savings product development (not
line with the strategy of the Bank to maintain including Sharia products) of Bank BTN (in
a funding composition that is competitive and billions of Rupiah), we can convey as follows:
affordable.
60
Broadly speaking, the performance of savings 50 52,859
45,856
products or Third Party Funds in 2013 was very 40
34,004
30
good or grew very well with Demand Deposit
20 21,540 24,238
growth of 44.04% compared to the position in 19,116
10 13,150 14,816 13,271
2012, as can be seen in the following illustrative 0
diagram and table, which covers the position 2011 2012 2013
and growth of savings products: Current Account Saving Deposit
In addition to the growth of Third Party Funds,

during the last 3 (three) years Bank BTN also
managed in increasing the growth of low
cost funds from Demand Deposits (Current
Account/CA) and Savings (Savings Account/
SA), compared with Time Deposits (Time
Deposit/TD). This can be seen from the CASA
composition which increased from 43.15% in
2012 to 45.06% in 2013:
Development of Third Party Funds (in billions of Rupiah)

Third Party Funds Position Growth
2011 2012 2013 2011 2012 2013
Current Account 13,150 13,271 19,116 154% 1% 44%
Savings 14,816 21,540 24,238 36% 45% 13%
Deposit 34,004 45,856 52,854 8% 35% 15%

61,970 80,668 96,208 30% 30% 19%
Development of CASA – TD Composition

2010 2011 2012
CASA 45.13% 43.15% 45.06%
TD 54.87% 56.85% 54.94%


Business Overview
Demand Deposits Juara. These two type of savings is the new

Bank BTN Demand Deposit is a savings product name (repackaging) of Tabungan Batara Junior
with high flexibility with withdrawals that can be that has been launched since 2009. Then
done at any time using Cheque/BG or other there is Tabungan BTN Haji and BTN Haji Plus,
media. Bank BTN Demand Deposit benefits a repackage of Tabungan Haji Nawaitu. Not
include a means of money placement that is forgetting that Bank BTN continues to offer
safe and reliable, support business activities in TabunganKu product which is part of the like to
payment and acceptance, facilitate transaction save campaign from Bank Indonesia. In 2012,
activity needs of family/personal/business, earn Bank BTN launched a new savings product
attractive demand deposit interest, and obtain intended for retirees who have pension fund
an ATM card for individual demand depositors. managed by PT. Taspen (Persero), namely
Tabungan BTN Batara Pensiunan.
Savings
Throughout 2013, Bank BTN managed to collect Besides via the outlets of the Bank, Tabungan
savings (including sharia savings) amounting Bank BTN is also collected through Post Office
to Rp24.24 trillion. This achievement shows a outlets. This initiative represents cooperation
growth rate of 13% from 2012 which amounted between Bank BTN and PT. Pos Indonesia
to Rp21.54 trillion. (Persero). In this cooperation, the Post Office
which is connected online with Bank BTN
Savings raised are obtained through Tabungan offices, directly offers Bank BTN products and
BTN Batara, Tabungan BTN Prima, Tabanas services to its customers. The savings products
Batara , Tabungan BTN eBatara Pos, Tabungan offered through the Post Office are Tabungan
Cermat and other savings. Other savings consist BTN eBatara Pos and Tabungan BTN Cermat.
of Tabungan BTN Junior and Tabungan BTN
Development of Savings
2012 2013 Growth
Account Rp billion Account Rp billion Account Rp billion
Tabungan BTN Batara 1,566,665 8,050 1,658,348 8,926 91,683 876
Tabungan BTN Prima 42,125 10,200 46,061 11,274 3,936 1,074
Tabanas Batara 360,646 149 360,165 148 -481 -1
Tabungan BTN e’Batara Pos 1,185,170 1,614 1,176,457 1,752 -9,253 138
Tabungan BTN Cermat 72,773 5 661,988 46 589,215 41
Other savings 1,120,140 863 1,563,175 1,237 443,035 374

4,348,059 20,881 5,466,194 23,383 1,118,135 2,502
Note: Numbers not include Sharia savings

WHAT IS TABUNGAN CERMAT? Financial service realization is in the form of a
new savings product specifically addressed to
Tabungan Cermat is motivated by Bank BTN’s the low income segment and can be obtained
mission to enlarge access for financial services through the office network of PT Pos Indonesia.
to low income community groups as part of the
global efforts to reduce poverty by improving In the early stages of the initiative, this savings
community welfare supported by WSBI (World product was offered only in Central Java and
Savings Banks Institute) and the Bill & Melinda DI Yogyakarta. 150 outlets have been opened
Gates Foundation. since the initial launch in 2010 through 2012.
539 outlets was recorded at the end of 2013
Bank BTN then selected PT Pos Indonesia with balance growth of 874%, up from Rp4.74
as Strategic Partner so that financial services billion at the end of 2012, to Rp46.15 billion
expansion access to the whole society can at the end of 2013 with a total of 661,986
be realized and become an example for other accounts. The good result of the launch of
developing countries. Tabungan Cermat will be implemented in other
regions of Indonesia.
BTN Achievement Growth

Cermat Dec 12 Dec 13 Delta %
Saldo Rp4,74 M Rp46,17 M Rp41,4 M 874%
Account 72,773 661,986 589,213 810 %

Business Overview
Time Deposits payment of bills for telephone, electricity, cell

Bank BTN Time Deposits represent term deposits phone, water (PDAM), payment of tuition/
denominated in Rupiah. Bank BTN Time Deposit education expenses, cellular airtime, internet
benefits are attractive interest rates, deposit bill, Pay TV subscription, flight ticket, train
interest that can be capitalized into the principal, ticket, motor vehicle installment payment,
interest on deposits that can be transferred for payment of zakat, infaq, and shadaqah.
payment of home installments, electricity and
telephone bills, terms of placement vary from BTN ATM Debit Cards can now be used at more
1 month, 3 months, 6 months, 12 months to than 80 thousand ATM Bersama network, LINK,
24 months, and can be used as loan collateral Prima, and ALTO for transactions of balance
(Kredit Swadana). checking, cash withdrawals, and transfers.
In addition, cash withdrawal transactions at
Consumer time deposit products for Bank overseas ATMs can be made around the world
BTN’s individual customers during 2013 using the Visa and MEPS network. Customers
increased significantly by 77.95% and reached can perform shopping in stores/merchants with
Rp8.66 trillion from Rp4.86 trillion in 2012. Visa logo cards both in the country and abroad.
This achievement is due to increased interest
from the community to invest in time deposits The number of BTN ATM Debit Card holders
in line with the increase in BI rate that has an in 2013 totaled 2.7 million, a growth of 83%
impact on increase in savings interest rates. In compared to 2012.
addition, marketing to prime clients has showed
encouraging results with the addition to total In addition, specific to priority customers, Bank
savings balance in the form of time deposits. BTN provides Priority BTN Debit Cards which
consist of Gold and Platinum types. BTN Priority
Consumer Cards Debit Cards have special features in addition
to regular features, such as can be used at
BTN Debit Card Airport Executive Lounges in 14 airports around
BTN Debit ATM Cards have greatly expanded in Indonesia, special discounts at various hotels
the last 2 years, both in terms of facility, feature, (Four Seasons Hotel Jakarta, Aston Kuta Hotel
number of users, and number of transactions. Denpasar, Grand Clarion Hotel Makassar, etc.),
restaurants (Killiney Kopitiam, Kepiting Dandito
Currently BTN ATM Debit Cards have a lot of Restaurant Balikpapan), family Spa (Martha
variants adjusted to the savings segment. BTN Tilaar Spa), cinemas (Blitzmegaplex throughout
ATM Debit Card variants include Tabunganku Indonesia), as well as other special offers from
ATM Card, Kartu ATM Institusi, Sharia ATM BTN Priority merchants.
Card, BTN Regular Visa Debit Card, BTN
e’Batarapos Visa Debit Card, BTN Visa Juara BTN Credit Cards
Debit Card, BTN Visa Gold Debit Card, and BTN In order to complement products for the
Visa Platinum Debit Card for priority customers purpose of customer non-cash transactions,
of Bank BTN. Bank BTN has also issued BTN Credit Cards
(co-branded with Bank Mandiri). In line with
To facilitate customers in performing financial the spirit of Bank BTN as a Family Friend of
and banking transactions, Bank BTN has Indonesia, this product can fulfill the needs of
equipped BTN ATM Debit Cards with a variety non-cash customers for the purpose of family
of features that can be utilized by customers. shopping needs of family appliances or other
Transactions that can be done include transaction purposes.
installment payment of Bank BTN KPR,

BTN Credit Card product excellence not Priority Banking
shared by other credit cards are reward points Since the last few years, Bank BTN has run
which can be used for repayment of Bank Priority Banking services to provide extra
BTN housing loans (KPR), so that the added service to its customers with savings above
value given to customers is in line with the Rp250 million.
core business of Bank BTN.
At the end of 2012, BTN has had 13 Priority
Other Consumer Services Branches. Later in 2013, Bank BTN opened
In addition to lending and raising third-party Priority Banking services at 10 branches,
funds, Bank BTN also provides other consumer bringing the total to 23 Bank BTN branches
services to improve fee-based income, such as: that have BTN Priority service. Meanwhile, the
• Money transfers in the country and abroad; number of customers increased 113% to 5,649
• Payment of salaries; customers and the Asset Under Management
• Online tuition fee payments; (AUM) by the end of 2013 stood at Rp6.07
• Foreign exchange transactions; trillion or an increase of 68% from originally
• Safe deposit box; Rp3.61 trillion in 2012.
• Payment of bills (telephone, electricity and
water);
• Payment of the internet and Pay TV; and
• Purchase of flight tickets, train tickets;
• Mobile phone pulse recharge
AUM Growth BTN Prioritas (in trillion Rupiah) Number of Customer BTN Prioritas
0.11 3.61 6.07 381 2,651 5,649

6 6,000
5 5,000
4 4,000
3 3,000
2 2,000
1 1,000
0 0
2011 2012 2013 2011 2012 2013

Business Overview
Commercial Banking
rc ia l P ro d u c t s
Comme
Commercial Loan
Products
Commercial Funding Construction Loans
Products
Micro & SME Loans
Demand Deposits Kredit Usaha Rakyat BTN
Savings Kredit Linkage BTN
Time Deposits
Other Corporate Loan
Kredit Investasi BTN
Kredit Modal Kerja BTN
Commercial banking is aimed at corporate Commercial Loan Lending by Bank BTN (in billions of Rp)
customers comprising of Loan Products and 9,647 3,787 2,538
Savings Products. Commercial loans based
10,000
on business criteria are divided into: Micro and
SME Credit, Commercial Loans and Corporate 8,000
Loans. Several Bank BTN commercial loan 6,000

products are BTN Construction Loans, BTN
4,000
Working Capital Loans, BTN Investment
Loans, BTN Linkage Loans and Bank BTN 2,000
Guarantees. Meanwhile, Savings Products 0
are also divided into three, namely: Demand Other Corporate
Construction Loans Micro & SME Loans
Deposits, Savings and Time Deposits, as can Loans
be seen in the above picture.

BTN Construction Loans
Loan Products BTN Construction loan is a loan facility aimed
Throughout the year 2013, Bank BTN managed at housing developers. This loan serves as
to distribute commercial loans amounting to working capital to finance the construction of
Rp15.97 trillion, or a very significant increase of housing and apartments. In this loan, Bank BTN
9% of new loans granted by Bank BTN during provides facilities for a maximum of 80% of the
2012. Commercial bank lending in 2013 can cost of development or construction at floating
be seen through the following illustration: interest rate.

In determining financing of construction loans, build housing projects for the middle to upper
Bank BTN considers the loan period based segment with a selling price from Rp300 million
on time estimates of development and income to Rp500 million.
generated after the project is completed. As
collateral, BTN Construction Loan takes the Bank BTN also maintains good relations with
land and property built. large developers, such as PT Modernland
Realty Tbk., PT Agung Podomoro Land Tbk.,
Bank BTN’s commitment to lending construction PT MNC Land Tbk., Bakrie Group, ISPI Group,
loans is shown in the positive growth on loan Bina Karya Group.
disbursements during 2012 up to 2013. In
2013, total disbursement of BTN Construction Micro & SME Credit
Loans reached Rp9.65 trillion, or grew 19.51% Bank BTN is proud to be able to grow and
from Rp8.07 trillion in 2012. develop with the community through lending
Micro & SME Credit. Besides as embodiment
Lending Development of Construction Loans (in billions of Rp) of responsibility as one of the four state banks,
5,441 8,072 9,647
lending to MSMEs is also carried out in order to
expand the business outreach of Bank BTN as
10,000
well as because of a very good prospect.
8,000
6,000 MSME loan products existing in Bank BTN

consist of KUR, Micro, Small and Medium
4,000
Enterprise Credit (KUMKM) and Partnership
2,000 program lending. In lending these loans Bank
0 BTN categorizes micro enterprise customers
as businesses with maximum total assets of
2011 2012 2013
Rp50 million and maximum sales of Rp300
million per year. For this segment, Bank BTN
For the sake of reducing NPL in the portfolio of channels BTN MSME Credit amounting to a
Construction Loans, Bank BTN always runs the maximum of Rp100 million. Small Business
branch patrol program, namely monitoring and customers are businesses with assets of Rp500
development of branches in particular against million maximum or sale of a maximum of Rp2.5
all business activities of commercial loans. The billion per year. Meanwhile, Medium Business is
program is quite effective in helping branch a business with maximum total assets of Rp10
offices to map out commercial loan problems. billion or maximum total sales of Rp50 billion per
Bank BTN judges that the branch patrol program year. Bank BTN lends a maximum of Rp5 billion
is considered successful in providing solutions to this segment.
to the problems that are being faced by branch
offices with problem commercial loans. KUR & KUMK Lending (in billions of Rp)
Jenis Kredit 2011 2012 2013
For Construction Loans, Bank BTN has KUR BTN 913 1,236 734
formulated a more targeted marketing strategy KUMK BTN 119 150 140
in order to improve the portfolio, namely
Total 1,032 1,386 874
by determining in advance the main target
Note : Numbers not include Sharia Savings
developers, namely developers that have not
been served by Bank BTN, but are interested to

Business Overview
KUR BTN In order to pick up the ball, Bank BTN is also

KUR BTN is granted to micro, small, medium actively participating in various exhibitions. Bank
enterprises and linkage institutions. Bank BTN BTN also performs direct marketing activities,
lends KUR for working capital with a maximum such as printing brochures, standing banners
period of three years and may be extended to and other banners related to MSME loans.
six years.
KUR for investment has a maximum term of five Kredit Program Linkage
years and may be extended to a maximum of (Linkage Program Loans)
ten years. As collateral, this loan can accept the Bank BTN also supports the SME economy
project or venture financed in accordance with in cooperation with Cooperatives and Rural
Bank Indonesia regulations. Banks (BPR). Bank BTN grants Linkage
Loans channeled to Micro, Small and Medium
Bank BTN charges effective interest rate of Enterprises (MSME) both consumptive and
KUR BTN at a maximum of 22% per year on productive through Cooperatives and Rural
a loan up to Rp20 million and 13% per year on Banks. One of the largest partners of BTN in
loans above Rp20 million up to Rp500 million the Linkage Program is Permodalan Nasional
(Retail KUR) and 13% per year on Linkage KUR Madani (PNM).
(maximum Rp2 billion).
In 2013, Bank BTN managed to channel
As from 2008 to 2013 KUR BTN lending was Linkage Program Loans to as many as 203
mostly aimed to the Wholesale and Retail Trade accounts, a slight decrease of the number of
sector (28%), Construction (28%), Real Estate, customers in 2012 as many as 264 accounts.
Rental Businesses & Services Companies However, in terms of amount, Linkage Program
(11%), and the rest is channeled to other sectors Loans increased about 27% from Rp429 billion
(33%). in 2012 to Rp546 billion in 2013.
In order to accelerate marketing of KUR, Bank Bank Perkreditan Rakyat, BPR

BTN also gives authority to the KCP (head (Rural Banks)
office operations) to approve KUR BTN. To These are loan facilities granted to rural banks
enhance staff ability in KUR lending, Bank BTN (BPR) for on-lending to the Micro and Small
also provides training to SME credit analysts Business sector (productive) and the consumer
periodically. sector with a maximum period of 5 years and
can be extended.
Bank BTN realized that as a bank with carrying
business capacity of granting housing loans, Koperasi Simpan Pinjam, KSP
channeling MSME loans is a huge challenge. To (Savings and Credit Cooperatives)
that end, in order to compete with other banks Loans granted to Cooperatives have a
in offering similar services, Bank BTN sets more maturity of 5 (five) years and can be extended.
flexible requirements and competitive loan Generally, loans are subject floating interest
interest rates. rates. Bank BTN provides this type of loan
BTN KUR Distribution Growth

2010 2011 2012 2013
Account Rp billion Account Rp billion Account Rp billion Account Rp billion
KUR BTN 2,609 361 5,631 913 7,932 1,236 4,207 734
Distribution of Credit Linkage Program

2010 2011 2012 2013
Account Rp billion Account Rp billion Account Rp billion Account Rp billion
Linkage
129 149 215 432 264 429 203 546
Program

based on specific policies for prospective Kredit Modal Kerja Kontraktor
potential borrowers, with supporting facilities (KMK Kontraktor)
as follows: The company offers working capital loans to
• Decrease in provision costs help contractors complete their work based
• Decline in interest rates on a particular contract in the amount of up
• Flexible administration charges to 60% of the contract value. The maturity of
this loan typically cannot exceed the term of
Other Corporate Loans the contract and this loan is generally secured
Investment Loans by the value of the contract and other fixed
Bank BTN offers long-term project financing assets as collateral. This loan is generally
in an amount up to 70% of the total cost charged floating interest rate, higher than
of the project in five target industries: non-subsidized KPR.
telecommunications, education, health, and
housing related infrastructure. The maturity Other Corporate Lending (in billions of Rp)
of this loan is based on the projected Loans Type 2010 2011 2012 2013
completion date of the project and cash flow KMK 200 142 618 1,204
projections, provided that the entire loan Kredit Investasi 380 312 807 751
period does not exceed 15 years. This loan is
KMK Kontraktor - 305 625 547
usually secured by the project funded, which
means that loan disbursement is determined Kredit Sindikasi - - 6 34
by achieved project development, such as Total 580 759 2,056 2,538
schools, telecommunication towers, hospitals Note: Numbers not include Sharia Financing
and highways, and secured by transfer of

employment contracts on the project. Loan Savings Products
interest is charged at floating interest rates, In addition to lending, Bank BTN provides
higher than the interest rate charged on non- savings products and services for the
subsidized KPR. If a working capital loan is commercial banking segment. The commercial
needed for the investment, working capital savings products available at Bank BTN
loan that can be provided is at maximum 75% include demand deposits, savings and time
of working capital loan requirement. deposits for institutions. In 2013, commercial
funding again made brilliant achievements,
Kredit Modal Kerja BTN such as set out in the table below:
(BTN Working Capital Loan)
Bank BTN provides working capital loans Growth of Third Party Funds (in billions of Rupiah)
outside the needs for BTN Construction Third Party Fund Position
2011 2012 2013
Loan, Kredit Modal Kerja BTN Kontraktor, and
KUMKM as well as KUR, with a maximum loan Current Account 12,715 12,511 17,961
of 80% of the working capital requirement. As Time Deposits 31,027 41,522 48,271
for the loan period, it can reach 36 (thirty six) 43,742 54,033 66,232
months and can be extended. Note: Numbers not include Sharia savings

Business Overview
Throughout 2013, Demand Deposits which will add to the portfolio of commercial funding by
belong to the commercial segment grew by capturing new customers as well as maintaining
44% to Rp17.96 trillion from Rp12.5 billion as of and optimizing outreach to existing customers.
end 2012. This is due to the growth of demand
deposits in cooperation with government To support fund raising from larger customers,
agencies involved with delivering subsidized Bank BTN provides a sales force on employment
loans, in addition to expansion of cooperation contract basis, who are placed in potential
with various other agencies. branch offices. With the new organizational
structure that is more focused on customer
The growth of Demand Deposits and service, Bank BTN has enough resources to
Institutional Time Deposits is obtained from seek and raise institutional funds.
Bank BTN efforts to increase marketing
activities by way of collaboration with various The next strategy is enhancing cooperation
institutions such as government agencies, local with the lower middle segment such as
governments, state/local enterprises (BUMN/ universities, high schools and primary schools,
BUMD), private companies, universities, as well as hospitals, through payment point
hospitals, and other institutions related to fund services, online tuition, and PPO B2B. Bank
management of agency operations. BTN also seeks to provide total solution
banking (one stop service) to customers
Through this Operational Development covering all types of financing products, loans,
Program, agency customer may obtain and services available to support institutional
assistance of operational asset and fund and individual customer needs.
facilities by maintaining a minimum balance in
the form of a checking account at Bank BTN Bank BTN realized that customer loyalty can
BTN for three to five years. only be formed with service and optimal added
value. To build and maintain customer loyalty,
Bank BTN seeks to optimize commercial Bank BTN regularly hosts the Customer Loyalty
funding product marketing to boost Business Program. This program that involved the active
to Business (B2B) cooperation deals. For role of Bank BTN management is outlined
example, by being a service provider of online in the form of sports tournaments, arts, and
tuition payments for educational institutions and appreciation of other cultures.
B2B Operational Development Programs. The
objective is to obtain cheap funds placement, Other Commercial Banking Services.
especially demand deposits in large amounts As a total solution provider of banking, Bank
and long term, about three to five years. BTN also provides services for institutions,
such as:
Bank BTN sees that institutional market • Bank guarantees;
opportunities, which have not been reached by • Online salary payments;
the services and products of Bank BTN are still • Payment of taxes;
wide open. This becomes an opportunity and • Payment of bills (electricity, telephone
a positive outlook for Bank BTN to reach new and water);
institutional customers. In the future, Bank BTN • Remittances.

Sharia Business Unit
This is evident from Bank BTN achievement in The development of sharia banking in
the subsidized KPR sector. Throughout 2013, Indonesia appropriate to the Indonesian
Bank BTN managed to channel subsidized Banking Architecture (API) through the dual
KPR amounting to Rp6.02 trillion, or as much banking system encourages Bank BTN
as 80,148 housing units through Conventional Conventional and Bank BTN Sharia Business
Banks and Rp488 billion, or as much as 6,521 Unit to synergize and participate in supporting
units through Sharia Business Unit. mobilization of public funds more broadly,
in order to improve the financing ability for
The Sharia Business Unit of Bank BTN offers economic sectors nationwide.
financial services in accordance with Islamic
principles with various Financing Products Throughout 2013, Sharia Business Unit
and Funding Products. managed to record a significant growth.
Through a variety of banking products and Total assets grew by 24.87% from the position
services with varying financial schemes, as well in December 2012 amounted to Rp7.66 trillion
as operating on the principle of profit sharing, to Rp9.57 trillion in December 2013.
Sharia Business Unit becomes an alternative
credible banking solution and beneficial for all Profit in December 2013 reached Rp229.39
segments of Indonesian society. billion or a growth by 64% from December 2012
amounting to Rp140.02 billion.

Business Overview
Realization of New Financing in December compared to Demand Deposits Rp1.15 trillion

2013 amounted to Rp4.47 trillion. Realization and Savings Rp854.44 billion.
in December 2013 experienced 26% growth
from December 2012 amounting to Rp3.56 Non-Performing Financing in December 2012
trillion. This growth is dominated by the amounted to Rp142.78 billion which decreased
housing sector with a composition of 57% and by Rp49.29 to Rp93.49 billion in December
non-housing 43%. 2013, but in terms of percentage decreased by
1% from 2.38% in December 2012 to 1.16% in
Financing position in December 2013 December 2013.
amounted Rp8.08 trillion or a growth by 35%
from December 2012 of Rp6.00 trillion. This With the very positive development, Sharia
growth is dominated by the housing sector Business Unit achieved an increase in
with a composition of 63% and non-housing current profit as of end of 2013 by 64%,
by only 37%. from the achievement in 2012 amounting to
Rp140.02 billion to Rp229.39 billion and this
Third Party Funds in December 2013 amounted achievement contributed 15% to the total
to Rp6.59 trillion or a growth by 15% from profit of Bank BTN.
December 2012 of Rp5.75 trillion.
The recognition of Sharia Business Unit
Growth of Third Party Funds is dominated by performance is also obtained from the number
Time Deposits amounting to Rp4.58 trillion of awards received in 2013, among others:
Institution Theme of Award Category

Silver Brand Champion of Most
The Marketeers Bank Aset < 100 Trillion
Preferred KPR Brand
Info Bank 5th Best Overall Performance Islamic Businees Unit
Info Bank 1st Best Phone Handling Islamic Business Unit
Info Bank Sharia Finance Awards Financial Performance 2012
Karim Business Consulting 2nd Sharia Skill Competition Financial Performance 2012
Karim Business Consulting 3 The Most Expansive Third Party Fund Sharia Unit, Aset > 500 Milliar
rd
Karim Business Consulting 3rd The Best Sharia Unit Sharia Unit, Aset > 500 Milliar
Karim Business Consulting 3 The Most Expansive Financing

rd
Sharia Unit, Aset > 500 Milliar
KPR Sejahtera through the FLPP

Ministry of Public Housing of the 1st Rank Implementer Bank for KPR
Program, Credit Issuing Institution –
Republic of Indonesia Sejahtera through the FLPP Program.
Sharia category

h a r ia P ro d u c t
S
Financing Products
Consumer Financing
KPR BTN iB
KPR BTN Sejahtera Tapak iB
Funding Products
KPR BTN Sejahtera Susun iB
KPR BTN Platinum iB Time Deposits
KPR BTN Indent iB Deposito BTN iB
Pembiayaan Bangun Rumah BTN iB
Pembiayaan Kendaraan Bermotor BTN iB Demand Account
Pembiayaan Gadai BTN iB Giro BTN iB
Pembiayaan Talangan Haji BTN iB Giro BTN Investa iB
Pembiayaan Multijasa BTN iB
Pembiayaan Multimanfaat BTN iB
Savings
Commercial Financing Tabungan BTN iB
Pembiayaan Konstruksi BTN iB Tabungan Investa BTN iB
Pembiayaan Modal Kerja BTN iB Tabungan BTN Prima iB
Pembiayaan Investasi BTN iB Tabungan BTN Haji iB
Pembiayaan KUR BTN iB TabunganKu iB
Network expansion is the supporting factor for KPR BTN Platinum iB

the development of the Sharia Business Unit KPR BTN Platinum iB is a financing product to
(UUS) of Bank BTN. Customers can perform purchase a new or second house, shop-house
banking transactions easily through the UUS (ruko), office-house (rukan), flat/apartment for
network, covering 22 Sharia Branch Offices individual customers by using the Murabahah
(KCS), 21 Sharia Sub-Branch Offices, 7 Sharia agreement principles (sale and purchase).
Cash Offices and 240 Sharia Service Offices
(KLS). Pembiayaan Bangun Rumah BTN iB
(Construction Financing)
Financing Products Pembiayaan Bangun Rumah BTN iB is a
On December 31, 2013, the realization financing product to meet customers’ needs in
(delegation) of new financing increased by order to build or renovate a house and house,
25.85% from Rp3.56 trillion in 2012 to Rp4.48 shop-house or other residential building on land
trillion in 2013. which has been owned by the applicant, either
for own use or for rental.
Various financial products of the Sharia Business
Unit that can be utilized by customers are: Pembiayaan Kendaraan Bermotor BTN
iB (Motor Vehicle Financing)
KPR BTN Sejahtera iB Pembiayaan Kendaraan Bermotor BTN iB is
The financing of KPR Sejahtera Syariah is a financing product for the purchase of motor
financing based on sharia principles with vehicles (cars and motorcycles) for individual
support of Housing Finance Liquidity Facility customers.
(FLPP) of the Ministry of Public Housing, which
is dedicated to the Low -Income Communities Sharia Business Unit offers the products against
(MBR) in order to own a Prosperous House sale and purchase principles (Murabahah) at the
(Rumah Sejahtera) or Prosperous Flat (Rumah price level and margin mutually agreed with the
Sejahtera Susun). customer. Sharia Business Unit sells it to the
customer at the price level and margin as agreed.
The customer would then repay the vehicle or
housing loan by installments periodically.

Business Overview
The advantage for the customer in using this Pembiayaan Talangan Haji BTN iB
agreement is that the price deal will remain fixed Pembiayaan Talangan Haji BTN iB is a form of
at a certain value so that the installment amount loan funds provided to customers of Tabungan
does not change until the final installment of15 Haji BTN iB and Tabungan BTN Haji that need
years. Maximum bank financing is 90% of the reserve funds to perform Hajj with a contract
purchase price of the house from the developer based on Qardh principle.
and the remaining 10% is down payment
contributed by the customer. Housing loan can This product can meet the customer’s needs in
be used for buying either a new or old house. realizing his/her dream to fulfill the Hajj based
on a plan with loan repayment flexibility as well
As for motor-vehicle financing, the customer as fast and easy process, and supported by
get advantages in the form of fixed annual an online system with SISKOHAT Ministry of
installments until financing maturity, financing Religious Affairs, so that the implementation of
period up to a maximum of five years (car) and 4 Hajj can be assured with certainty.
years (motorcycle). Maximum bank financing is
80% of the purchase price at the dealer and the Pembiayaan Tunai Emas (Tunas) BTN iB
remaining 20% is down payment contributed by (Gold Pawn Financing)
the customer. Pembiayaan Tunai Emas BTN iB is a loan
granted to the customer based on the Qardh
KPR BTN Indent iB principle provided by the Bank based on the
KPR BTN Indent iB is a financing product to agreement, which includes Letter of Pledge as
purchase a house, shop-house, office-house, submission of Marhun (collateral) to guarantee
flat/apartment by indent (on the basis of an the repayment of all or a portion of the
order), for individual customers using the customer’s debt to the Bank.
Istishna contract principle (sale and purchase
on the basis of an order) to be repaid (monthly This financing is of the same type as a pledge.
installments) within certain time. This means that financing is distributed based
on the property of the customer, in the form
Sharia Business Unit uses the Isthisna agreement of gold as an pawned asset. Bank Bank BTN
for this product, which is to buy developer -built charges a fee for the safekeeping of the pawned
housing based on customer order or customer goods (Ujrah).
demand. Sharia Business Unit sells the house to
the customer according to the agreed price and Pembiayaan Multijasa BTN iB
yield of the house. (Multi Service Financing)
This financing can be used for the need to fund a
The advantage for the customer on the availability variety of services needs for customers such as:
of services for this product is that by using the • Education cost package,
Istishna contract principle, the deal price will • Wedding cost package,
remain fixed on the value given so that the • Traveling cost package (trips),
amount installment does change until the end of • Umroh/hajj plus cost package,
the loan period. During the construction period, • Healthcare cost package,
the customer is not required to pay installments • Package for cost of other services that are
(grace period/ payment delay) with a maximum not contrary to Sharia principles.
financing period of 15 years. Maximum bank
financing is 90% of the purchase price of the By using the kafalah principle, the Bank as
house and the remaining 10% is down payment underwriter / guarantor of services organized
contributed by the customer. by service providers or third parties meet
Customer’s obligations in order to take
advantage of the services according to the
needs. For the benefits of the selected services,
the Customer should just pay Ujroh (fee) in
accordance with the provisions of the Bank.

Pembiayaan Multimanfaat BTN iB Pembiayaan Investasi BTN iB
(Multi Purpose Financing) (Investment Financing)
Pembiayaan Multimanfaat is individual Pembiayaan Investasi BTN iB is a financing
consumer financing intended specifically product provided to meet the needs of capital
for employees and retirees whose pension expenditure of a company/institution using the
benefits are paid through Payroll BTN iB principles of Murabahah (buying and selling) or
services collectively to be used for the Musharakah (profit sharing), with a repayment
purchase of various types of electronic goods, plan based on projected ability of the customer’s
furniture and household items needed by cash flow.
customer using the Murabahah buying and
selling principle so that the customers can Sharia Business Unit provides this product
enjoy fixed annual installments throughout to meet capital expenditure requirements
financing period. such as purchase of machinery, construction
or rehabilitation of buildings, procurement
Pembiayaan Konstruksi BTN iB of laboratory equipment, and so forth using
(Construction Financing) buying and selling (Murabahah) or partnership
Pembiayaan Konstruksi BTN iB is a financing (Musyarakah) agreement. The benefits for the
product provided to meet capital expenditure customer and availability of services provided
requirements of housing developers to build is the Bank provides funding 65% of needs
housing projects by use of the Musyarakah which can be used for rehabilitation and/
contract principles (profit sharing), with a or modernization of production equipment
repayment plan based on projected ability of the such as machinery, buildings, vehicles, heavy
customer’s cash flow. equipment, laboratory equipment, and so forth
with maximum financing period of five years.
Through this product, Bank BTN finances
developers and contractors in the form of Pembiayaan Modal Kerja BTN iB
working capital to build housing and related (Working Capital Financing)
infrastructure. Later, the customer will repay Pembiayaan Modal Kerja BTN iB is a financing
the financing from Bank BTN, along with profit product provided to meet capital expenditure
sharing by the customer from the requirements of institutional customers/
financed business. companies using several alternative contract
principles such as Musyarakah or Mudharabah
The customers will benefit from the services, with the concept of profit sharing or buying
among others: a new customer will pay profit and selling based on margin concept, and
sharing and return the principal after the project repayment plan based on projected ability of
or supplies funded have generated income, customers’ cash flow.
maximum financing period of 2 years, the Bank
provided funding 80% of the construction In terms of this working capital financing,
working capital requirement, and to optimize Sharia Business Unit provides working capital
profit sharing, the Bank more proactively for a customer’s business, furthermore,
participates to accelerate the construction the customer will repay financing based on
and sales process, through acceleration of the income or margins generated by the financed
KPR process, accelerating the disbursement business based on agreement between the
process of Yasa Griya and so forth. Bank and the customer.

Business Overview
Through this product, customers will earn Funding Products

profit and/or services in the form of a Accumulated third party funds in 2012 amounted
maximum financing period of 5 years and to Rp5,756 billion which increased to Rp6,592
the Bank provides funding 100% of working billion in December 2013 (14.53%). These
capital requirement for a variety of uses, such funds are collected from a total of 255,831
as to Kopkar/Kopeg (employee Cooperative) sharia accounts, which increased from 195,278
for distribution to their members against accounts in 2012.
repayment by salary deduction, Contractors
as recipients of SPK/Contracts, Sharia Here are the funding products of Bank BTN
Financial Institutions/Micro Sharia (LKS/ Sharia Business Unit offered to customers.
LKMS) for distribution to their customers as
trading working capital purpose, and so on. Tabungan BTN Prima iB (Savings)
Tabungan BTN Prima iB is a savings product
Pembiayaan KUR BTN iB that serves as funds placement media for
(Micro, SME Financing) investment by using a contract based on sharia
Pembiayaan KUR BTN iB is financing for principles, namely Mudharabah Mutiaqah. The
working capital or investment requirements Bank promises favorable profit sharing which is
provided to customers in the form of quite competitive for customer savings.
individuals, enterprises, cooperatives ,
Business Groups and Linkage Institutions, with This principle recognizes that funding placed by
business activities in the field of micro, small a customer is an investment, in which will yield
and medium business to finance productive profit sharing according to a ratio (nisbah) as
business that meet the requirements set by agreed with the Bank. Nisbah is payable to the
the government. customer’s account on a monthly basis.
This financing is a form of Bank BTN contribution The ease and convenience of this service
in support of government programs to promote product is among others, with only an initial
productive business activities for customers deposit of Rp100,000 a customer can have
who have micro, small and medium business. a Tabungan BTN Prima iB account. Savings
account opening, depositing and withdrawals
This financing is a form of Bank BTN can be made throughout Sharia Branch
contribution in support of government Offices of Bank BTN and sharia services at
programs to promote productive business Branch/Sub-Branch Offices of Bank BTN
activities for customers who have micro, small (conventional) throughout Indonesia. In
and medium business. Alternative contract addition, transaction flexibility is provided
options can be used tailored to customer through the ATMs of Bank BTN and/or through
business needs, namely the principle of ATM Bersama, Link, Visa, Plus as well as a
Musyarakah (profit sharing) or Murabahah possibility to have a joint account (specifically
(sale and purchase) for capital investment for individual Tabungan Prima iB).
requirement and the principle of Musyarakah
(profit sharing) for working capital requirement.

Tabungan BTN Batara iB (Savings) customers and are based on Mudharabah
Tabungan BTN Batara iB is a savings product principles. With this principle, customers
as fund placement medium using a sharia will receive profit sharing distribution in
contract, namely Wadiah or safekeeping, accordance with nisbah or ratio agreed upon
where the Bank does not promise any profit with the Bank. Furthermore, Sharia Business
sharing but can give profitable and competitive Unit will pay profit sharing distribution to
bonuses to customers. the customer’s account every month. The
advantage and convenience of service
Through this principle, Sharia Business Unit obtained by customers are among others
does not provide profit sharing except a that with only an initial deposit of Rp100,000
bonus that has not been previously agreed they can have Tabungan BTN Haji iB, while
(athaya). Bonuses are distributed on a further savings deposits and withdrawals can
monthly basis, so that customers will receive be made throughout Sharia Branch Offices of
bonuses every month. Through this product, Bank BTN and sharia services at Branch/Sub-
Bank BTN provides ease and convenience Branch Offices of Bank BTN (conventional)
of service, as with an initial deposit of only throughout Indonesia. Sharia branch offices
Rp50,000, a customer can have Tabungan have been connected online with SISKOHAT
BTN Batara iB. Savings account opening, of the Ministry of Religion, thus, if customers
depositing and withdrawals can be made have sufficient funds for the payment of Hajj
throughout Sharia Branch Offices of Bank Worship Travel Costs, they can directly make a
BTN and sharia services at Branch/Sub- departure. In addition, the savers of Tabungan
Branch Offices of Bank BTN (conventional) BTN Haji iB get priority to be registered as
throughout Indonesia. Likewise with flexibility candidate pilgrims, after obtaining/showing
in conducting transactions through ATM that the Go Hajj Registration Letter issued by
can be used to perform payments in places the Office of Religious Affairs at the place of
with the Visa logo and can be used at all ATMs domicile of the savers.
with logo of Link, Bersama, Visa and Plus
inside and outside the country. Deposito BTN iB (Time Deposit)
Deposito BTN iB is a savings product in the form
Tabungan BTN Haji iB (Savings) of time deposit with Mudharabah agreement.
Tabungan BTN Haji iB is a savings product The Bank provides competitive profit sharing to
as funds placement medium in Rupiah for customers.
Hajj Worship Travel Costs (Biaya Perjalanan
Ibadah Haji, BPIH), using the appropriate sharia This product is a form of business partnership
contract, namely Mudharabah (investment). The between the Bank and the customer. With
Bank promises a favorable and competitive this principle, the customer can only withdraw
profit sharing for customers on their savings. time deposit funds at a mutually agreed time.
The customer as the owner of the funds, or so-
To meet the needs of the Hajj, Bank BTN called sohibul maal acts as a provider of funds.
Sharia Business Unit offers Tabungan BTN While the Bank as fund manager or mudharib is
Haji iB. These savings are specifically used responsible for managing the funds. Investment
to supplement the needs of pilgrimage returns are shared between the customer

Business Overview
and the Bank based on nisbah or the ratio of Giro BTN Prima iB (Current Account)
mutually agreed profit sharing. The advantage Giro BTN Prima iB is a funds placement
and convenience of the services provided is product for investment or term deposit in
attractive and competitive profit sharing that which the withdrawal can be done according
can be accumulated with the time deposit to certain requirements using a Cgeque,
principal thus making the investment grow Bilyet Giro, other money payment orders or
faster. There are available term options that through transfer, in exchange of profit sharing
can be determined in accordance with needs, which is competitive for customers based on
namely 1, 3, 6, 12 or 24 months with automatic Mudharabah principles.
rollover. In addition, customers may choose to
reinvest their monthly profit sharing of Deposito Giro BTN Investa iB (Current Account)
Batara iB to the time deposit principal or transfer Giro BTN Investa iB is a product that was
to the account of Giro Batara iB or Tabungan launched in November 2009 and apply the
Batara iB that may be withdrawn at any time. Mudharabah principles. With this principle,
Customers can also open a joint account in the customers are required to maintain a certain
name of two persons and if funds are needed minimum balance a period of time mutually
immediately, any withdrawal of Deposito Batara agreed with the Bank. The customer will
iB is not imposed penalty/fine. receive profit sharing in accordance with
nisbah or ratio mutually agreed with the Bank.
Giro BTN iB (Current Account)
Giro BTN iB is a funds placement product Giro BTN Investa iB provides additional
based on Wadiah Yad Dhamanah principles facilities as a transaction medium related
which may be withdrawn any time by using to the BPO/BPPT Program or Operational
a Cheque, Bilyet Giro or other money orders. Development Assistance/Higher Education
The Bank does not promise any profit sharing Development Aid, which is a program aimed
but can provide lucrative and competitive at education institute customers that have
bonuses for customers. Customers can established a collaboration in the field of fund
utilize this product to get smooth financial management with the Bank to help improve
transaction of their business activities. smoothness of the business activity of the
customers.
In addition, Giro BTN iB provides various
facilities such as the growing network of Services
sharia branch offices and ATMs of Bank BTN In addition to conventional sharia services,
as well as the ATM Bersama, Link, Visa and Bank BTN Sharia Business Unit has also
Plus network which is widespread within and introduced several other services such as:
outside the country. Siskohat, Sharia Technology Management
Information Systems (MTSI), Higher Education
Development Program (PPPT) and online
payment of tuition fee.

Business Prospects
Throughout 2013, the Indonesian economy interest rates for Lending Facility and Deposit
faced formidable challenges which then put Facility respectively at the level of 7.50% and
pressure on macroeconomic stability that 5.75%. In 2014, Bank Indonesia will continue to
disrupted sustainable economic growth. The strengthen the monetary and macro prudential
Indonesian economy in 2013 was forecasted mixed policy, and strengthen coordination with
to grow by 5.7%. The pressure on the Balance the government in controlling inflation and
of Payments (BOP) of Indonesia was increasing current account deficit, including policies to
in conjunction with the depreciation the Rupiah. improve the economic structure.
Inflation was 8.38% or above the 4.5 +1%
inflation target. In future, Bank Indonesia policy in 2014 remains
focused on maintaining economic stability and
By 2014, the balance of payments is expected financial system through strengthening monetary,
to improve with a sustained current account macro-prudential and payment system mixed
deficit which decreased to a more healthy level. policy. All these policies will be strengthened
Inflation in 2014-2015 is estimated under control with various measures of policy coordination
in the range of 4.5 ± 1% and credit growth is taken together with the Government and related
expected in the range of 15-17%. Economic financial sector authorities.
growth in 2014 is estimated to approach the
lower range limit of 5.8 to 6.2% in line with the Economic Growth in 2014
consolidation process in the domestic economy Economic growth in 2014 is driven by
leading to a more balance condition. improvement potential of global economic
recovery that is expected to encourage exports
Therefore, the meeting of the Board of Governors and boost domestic demand among others the
(RDG) of Bank Indonesia on January 9, 2014 effect of the GENERAL ELECTION.
decided to maintain the BI Rate of 7.50%, with
Demand Side of Economic Growth Projections

%Y-oY, Year Base 2000
2013
Component 2012 2013* 2014*
I II III IV*
Household Consumer 5.3 5.2 5.1 5.5 5.6 5.4 5.1-5.5
Government Consumer 1.2 0.4 2.1 8.8 9.2 5.8 1.2-1.6
Gross Domestic Fixed Capital

9.8 5.5 4.5 4.5 4.6 4.7 5.7-6.1
Accumulation
Goods and Service Export 2.0 3.6 4.8 5.3 6.0 4.9 7.2-7.6
Goods and Service Import 6.6 0.0 0.5 3.8 5.3 2.4 5.8-6.2
PDB 6.2 6.1 5.8 5.6 5.5 5.7 5.8-6.2

Source : BPS
*Projection of Bank Indonesia

Business Overview
Indonesia’s economic conditions are expected appliances, electrical appliances, textile, AC,
to improve, also supported by the high demand consumer electronics, etc. Thus, property
for housing in Indonesia, especially for the lower business is also indirectly contributing to the
middle class which is the primary market segment growth of other industries. Some observers
of Bank BTN. believed that the prospect of property investment
will remain bright in the coming years.
According to data from the Ministry of Industry,
the property sector as one of the business The bright prospect for investment in the
sectors that is growing rapidly plays an important property sector is also supported by the very
role in the development of national industry. In large number of Indonesian population and
fact, property growth in Indonesia allegedly can dominated by population with age less than
become market security for industrial growth 50 years, which is the productive age. This of
nationwide. The prospect of the property course will encourage demand for 1.8 million
business in Indonesia has become one of the residential housing units until 2020. This includes
businesses with most aggressive growth. the supply of 1.1 million housing units worth less
Moreover, there are more than 175 industrial than Rp300 million, 300,000 units worth Rp300
products related to the property sector such – 500 million, 150,000 units worth Rp500 million
as steel, aluminum, cement, ceramics, brick, - Rp1 billion, and 50,000 units worth Rp1 billion
tile, glass, wood, paint, furniture, household and above.
Indonesian Middle Class Population (in millions of inhabitants)
33 38 42 49 57 62
70
Growth: 48% 60
50
40
30
20
10
2010 2011 2012E 2013E 2014E 2015E
Source: JP Morgan Equity Research
Indonesia is Still Lacking Home Supply of

Supply 400,000 new
homes per year
As estimated by the Ministry of Public
Shortage of Accumulated shortage
Housing, total demand for housing reaches 400,000 new is 15 million homes
800,000 new homes each year, while home homes per year
supply only reach 400,000 new homes each

year. Accumulated home deficiency reaches
15 million homes up to 2014 (source: Central Demand
800,000 new
Bureau of Statistics, BPS). homes per year
Source : Estimated by the Ministry of Public Housing

Housing loan (KPR) business in Indonesia is Very Promising
The Indonesian housing loan market penetration Housing loan penetration is projected to
is the lowest in Asia region, in the range of 2.7% continue to increase along with the growth of
of Gross Domestic Product. GDP per capita, economic improvement and
population growth of Indonesia.
Mortgage to GDP
44 42 36 31 29 27 15 10 5 2,7 $3,005 $5,300 $9,000 $14,900 $22,500 $30,400 $38,500 $46,900
40
30
Indonesia become
the high income
20 country
10
0
a n HK re sia an re a a d ia ia
2010 2015 2020 2025 2030 2035 2040 2045
o lay Jap
in an d s
Taiw gap Ma
Ko Ch hail Hin one
Sin T Ind
GDP Nominal (Billion USD)
711 1,335 2,416 4,257 6,793 9,706 12,989 16,578
Population (in million)

237 253 269 285 302 319 336 353
Source : Central Bank of each country, Goldman Sachs Research Estimates Source : KEN, Projections of Indonesian Economic 2011-2045
Thus, of all the foregoing description Bank Bank BTN is very dominant in the KPR market
BTN is very optimistic that housing needs will with a market share of 94% of the total realization
never subside along with population growth of Housing Financing Liquidity Facility (FLPP) as
and regional development. of June 30, 2013.
Competitive Advantage of Bank Several provisions of the Housing Finance

BTN Liquidity Facility (FLPP) can be described as
The competitive advantage of Bank BTN can be follows:
explained as follows. • KPR at fixed interest rate for the entire loan
period (7.25% up to 20 years)
Housing Loan (KPR) Market Leader in • The source of funding comes from
Indonesia the Government and the Bank with a
Bank BTN is the market leader and focuses composition of 70%:30%
on housing finance since 1974. Of Bank BTN • 70% of credit value is covered by insurance
total loan portfolio, more than 85% is channeled (all risks)
to housing finance (Housing Loan/KPR both
Subsidized KPR and Non-subsidized KPR).
Maximum Price Minimum Down Maximum Loan

Category Region
(Rp million) Payment (Rp million)
Sumatra, Java except Jakarta greater
88,000 10.00% 79,200
area, Sulawesi
Kalimantan, Maluku, Nusa Tenggara 95,000 10.00% 85,500

House
Papua and West Papua 145,000 12.50% 126,875
Jakarta greater area, Batam, and Bali 95,000 10.00% 85,500

Apartement Throughout the Indonesian Region 216 12.50% 189,000

Business Overview
The three main criteria for a prospective Bank BTN is the First Pioneer Bank for
borrower are: KPR Securitization in Indonesia
• First home purchase In addition, Bank BTN is also the first KPR
• Income per month up to Rp3.5 million for a securitization pioneer in Indonesia with
landed house and Rp5.5 million for a flat Collective Investment Contract-Asset Backed
• NPWP (tax identification number) and SPT Securities (KIK-EBA) scheme in February
PPH (income tax return) or certificate of 2009. Until the end of 2013, Bank BTN has
income from the company. done 5 times KPR securitization.
Housing Loan (KPR)

Securitization Structure
CUSTODY Investment Fund Cashflow and

BANK Assets Holder
(RMBS)
Residential Mortgage CLASS A
Backed Securities INVESTORS
INVESTMENT
MANAGER
True
Sale
ORIGINATOR MORTGAGE
&
SERVICER PORTFOLIO
The benefits of KPR securitization for Bank BTN • Average value of BTN KPR is Rp100-200
are: million (USD8,300-16,600) per unit
• Diversification of Funding Sources & Fee • Majority of BTN KPR borrowers are First
Based Income Time Home Buyers
• Mitigation of risks (asset - liability mismatch
and concentration of credit risk The rapid growth of the middle class segment
• Management of capital and an improvement is a great market opportunity for KPR business
in lending capacity. of Bank BTN. The annual income of the
• Strengthening of Balance Sheet, Profit and middle class society according to a survey is
Loss and Financial Ratios (ROA, ROE and estimated between Rp66 million (USD 5,500)
CAR) and Rp330 million (USD27,500) per year.
Focus on Low and Middle Class Fully Guaranteed and Low Risk Business
Segment Model
Bank BTN is very strong in the KPR segment for Loan extended to finance housing is fully
the low and middles class. This is reflected from secured by the property as collateral where the
the following two facts: value of land and buildings tends to increase
from time to time.

Based on Bank Indonesia statistics, Indonesia’s In addition to expanding outreach to new
residential property price index of Indonesia regions, Bank BTN move even more closer
increased by 12.11% (yoy) as of June 2013. to customers through collaboration with PT
Pos Indonesia (Persero), by providing cash
Meanwhile, the ratio of loan to collateral (Loan equivalent service offices in 2,922 Post Offices
to Value Ratio/LTV) was 51.1% as of June 2013. in Indonesia which are already connected online
in real time with Bank BTN.
Loan to collateral value ratio
Loan
Realization Now The Company has an agreement with PT Pos
Subsidized mortgages Max 90% 49.20% Indonesia since 2005 and has renewed this
agreement in 2010, to implement an online
Non-Subsidized
Max 80% 52.20% system where customers can access savings
Mortgages
products and other services from the post
Other housing finance Max 75% 34.20%
office. The post offices are connected real
Construction loans Max 80% 46.40% time with the Company and customers can
open savings accounts, check balances,
Extensive and Unique Distribution paying tuition fees to several universities that
Network have entered into an agreement with the
Bank BTN has an extensive and unique Company through online tuition and pay KPR
distribution network. In 2013, Bank BTN has installments. Through this cooperation, Bank
a total of 65 branch offices, 226 sub-branch BTN has expanded its network significantly for
offices, 479 cash offices, 22 Sharia branch existing customers and potential customers.
offices, 21 Sharia sub-branch offices, 7 Sharia
cash offices, 12 payment points, 1,504 ATMs
across Indonesia, as well as providing access
to a network of over 80,000 ATM Link, ATM
Bersama, ATM Prima, and ATM ALTO.
Collaboration with Pos Indonesia
• Collaboration with Pos Indonesia is an

important part of the effort to increase
third party funds
• In December 2005, Bank BTN signed
a cooperation agreement with Pos
Indonesia for implementation of an online
system between the two companies
• As of December 30, 2013, there were
2,922 post offices throughout Indonesia
already connected in real-time online with
Bank BTN
• Beginning in September 2011, Bank BTN
opened an outlet at the Post Office that
also provides credit services

Business Overview
KPR Business Prospects in Indonesia is Fifth, Bank BTN has a good and strong
Very Promising with Solid Positioning of relationship with most of its customers who
Bank BTN have middle to lower income for a long period of
Bank BTN believes that the potential for time whereas customers’ income has increased
developing KPR business will remain high in line with economic growth. This suggests the
in line with the Indonesian macro-economic presence of a loyal customer base with better
growth with strong fundamentals and Bank income that so far have not been targeted for
BTN’s solid positioning among Indonesian using products that have added value offered by
property players based on: Bank BTN.
First, Bank BTN has a good reputation in the Experienced Management Team
market because the Bank’s main focus is Bank BTN has a management team that has
engaged in housing loan financing and has a extensive experience in related industries in
good track record in this segment since 1976, Indonesia. Most senior management team
two years after it obtained a license to provide members have working experience more than
housing loans in 1974. This makes it easy for 20 years in the banking industry and most of
Bank BTN to attract housing loan customers them have worked more than 20 years for
orally in offering its products. Bank BTN. The ability of the team to provide
strategic direction and implement business
Second, Bank BTN has strong relationship initiatives in this very competitive market is
and reputation among property developers evidenced by Bank BTN position as the market
specializing in construction of simple housing and leader in the housing finance (KPR) sector in
apartments for lower middle income customers. Indonesia. The senior management team has
Bank BTN is the only bank requested by several directed a number of corporate initiatives in
property developers to provide services and recent years, including the implementation of
offer credit financing to potential buyers in the an overall corporate governance initiative, the
lower middle income segment. establishment of a long-term transformation
plan in 2008, the successful listing of Bank
Third, Bank BTN has expertise and experience BTN on Indonesia Stock Exchange in 2009
to operate in the KPR financing market and the implementation of the “1-5-1” loan
because Bank BTN has a team that have approval process system which targets
extensive knowledge in facing credit risk, housing loan approval to be completed in
demand and needs of customers, especially one day, loan administration to be completed
from middle to lower income customers. within five days after the customer has
In addition, Bank BTN has a strong credit completed all required documentation and
database on information and expertise to credit disbursement to be carried out one day
appraise collateral. after signing of credit agreement.
Fourth, Bank BTN has appropriate infrastructure The management team has been a pioneer
and business processes and has benefited for housing finance (KPR) securitization in
from the economies of scale. KPR processing Indonesia by issuing asset-backed securities
for individual customers in small quantities and for the first time in Indonesia in February 2009.
managing a high volume of credit applications Bank BTN has issued a total of six series
efficiently is essential to Bank BTN in taking asset-backed securities with a total value of
business advantage. Rp3,646.5 billion.

Chapter 4
Operational
Overview
100 Information Technology
104 Human Capital
112 Network
117 Marketing
Information Technology
“Synergizing IT Strategy with Business Strategy by

Providing Quality Services, that Exceeds Customer
Expectations, Encourages Profitability and Focused
on Product Innovation” is the IT Vision of Bank BTN.
Information Technology (IT) for Bank BTN has Bank BTN has developed a Strategic Plan
increasingly played a key role in achieving the of Information & Communication Technology
company’s objectives in the field of business 2013-2015 that is compiled and evaluated on
as well as a means to improve the aspects an ongoing basis as a basis in determining the
of compliance and implementation of good strategy and direction of IT development.
corporate governance.
To achieve this goal, the Vision and Mission
Bank BTN’s commitment to creating has been defined to guide the implementation
and developing effective and efficient IT of IT development. The vision and mission is
applicationis in support of excellent service as follows.
to the customers so that they always want to
use the services provided by Bank BTN. The BTN Information Technology Vision
process of value creation through IT must of “Synergizing IT Strategy with Business Strategy
course be supported by competent human by Providing Quality Service, that Exceeds
capital. Improved IT systems will continue to be Customer Expectations, Encourages Profitability
an integral part of Bank BTN’s human capital and Focused on Product Innovation.”
development.
BTN Information Technology Mission
In order to establish a world class company, • Maximizing IT Return on Investment:
Bank BTN continues to strive to improve the Increasing the value of IT investment with a
reliability of information technology in every positive impact on the business process.
aspect of the Bank’s operations, with the • Aligning Product and Service Development:
ultimate goal to increase customer satisfaction Developing IT-based products and services
and improve the effectiveness of internal control on a synergistic and sustainable basis.
application as part of GCG implementation. • IT Services Delivery, Secure and Available:
Providing safely implemented and reliable IT
Bank BTN continuously performs improvement services.
to the system used to increase accessibility, • Right People, Right Skills of IT Workforce:
ensure safety and reliability of the system, as Developing IT human resource with the best
well as availability of information technology- qualifications and competence
based services. • IT Compliance: Improving IT Governance
best practices to conform to and comply
with the regulations in force.

Operational Overview
Program and Implementation Training

Based on the Vision and Mission, Information Consistently committed to improving the
Technology strategic initiatives throughout knowledge and capability of IT human
2013 were carried out with several work resource, Bank BTN continues to make
programs as follows: various efforts to develop IT human resource,
including training so that IT human resource
Strengthening Governance of can provide reliable support in banking
Information Technology business operations. Some of the training that
During 2013, Bank BTN conducted a series of has been conducted is as follows.
activities to strengthen information technology
governance (IT Governance) as a whole in • Training of IT human resource related to IT
supporting the implementation of GCG of Project Management, Business Intelligent,
the company and operations of IT-based Operational Equipment Infrastructure,
business units more effectively and efficiently. IT Planning and Architecture, and
The purpose of these activities is to improve Programming.
performance in Bank operations in line with • Socialization to end users of IT-related
constantly updated policies and procedures aspects, such as: Security Awareness,
and all operational activities in accordance Utilization Using IT Application at Branch
with the applicable provisions in the context Offices, Reporting and Data Analysis
of GCG and the improved customer service. Application, and Project Management Cycle,
Several IT initiatives in support of these are
among others through the implementation of: IT Governance
As part of the implementation of good corporate
• Enhancement of Warehouse Data Enterprise governance practices, in 2013 Bank BTN
Application (iDSS). conducted a review of the Company’s internal
• Conventional & Sharia Internet Banking 2.0 policies relating to Information Technology
(CMS). aspects, with the aim at updating Information
• Enhancement of Conventional Web Teller Technology best practices that are constantly
Application. evolving based on Bank Indonesia Regulation
• Enhancement of iLoan Consumer, iLoan No.9/15/PBI/2007 on the Application of Risk
Commercial and iColl. Management in using Information Technology
• Application of Human Capital information by Commercial Banks.
System(HCIS) Phase II.
• Sharia Electronic Journal. The review includes:
• ATM Monitoring Application. • Review of Standard Operating Procedure
• Card Fraud Prevention Application. (SOP) on Information Technology.
• lnternet Banking Individual (B2C) • Review of IT Risk Management Policy,
&MobileBanking. Implementation Guidelines for Disaster
• Sharia Web Teller. Recovery Plan (DRP) Standard Operating
• Development of Dashboard-based Business Procedure (SOP).
intelligent: Customer Analytics, Financial • Review of the Information Security Policy
Performance Monitoring. Manual.
• Development of XBRLSID BI Report • Policy Development of Master Error Report.
Application.
• BTN Property.

Information Technology Investment Infrastructure development
2013 • BTN Conventional and Sharia Internet
In an effort to realize a reliable IT to support Banking 2.0 (CMS)
business operations, Bank BTN has made • Individual Internet Banking (B2C) and Mobile
allocations for IT derived from the Company’s Banking
revenue. Total capital expenditure of • BTN Property
Information Technology in 2013 reached
Rp207.76 billion, an increase of 4.3% Development of Strategic and
compared to the 2012 budget with capital Innovative Applications
expenditure in 2013 amounted to 30.41%, • Development of Sharia Core-banking
smaller than realized capital expenditure in • Development of EDC Features
2012 at 62.75%. • Development of BI RTGS phase II
• Utilization of Sustainable Middleware
In 2013, demand for hardware development
was due to the need to maintain Zero Downtime IT Human Resource Development
to ensure availability of the best services for Along with the latest vision and mission of
customers’ needs. Information Technology, Bank BTN is committed
to enhancing the knowledge and capability of
Software development is focused on customer human resources in the field of IT in order to keep
service oriented to transactional speed and abreast of the latest information technology in
ease. the banking world .
Capital expenditure was among others incurred Human resource development in the IT field was
for some of the following. done throughout 2013 as much as 725 hours of
training involving 130 personnel.

Broadly speaking, human resource development • CCNA (Certified Cisco Network

performed in the field of IT is among others: Administrator)
• CDCP (Certified Data Centre Professional)
Training of Trainers and Users • UNIX training
With the aim that the use of IT application • CISA (Certified Information System Audit)
programs can be understood broadly and • CEH (Certified Ethical Hacker).
quickly, Bank BTN provides training to
employees by implementing the training Inspired by the commitment to improving
of trainers system, so that employees are continuously the knowledge and capabilities
expected to be trainers to provide coaching to of IT human resource, in future, Bank BTN
other employees in each work unit. will continue to make efforts so that IT human
resource training can provide reliable support
Workshop to the Bank’s business operations and improve
Bank BTN organizes workshops/seminars services without ignoring prudential principles.
periodically for IT Division HR. The workshop
generally discusses the development of IT Development Plan for the Future
banking technology, ongoing technology In accordance with Bank BTN IT Vision and
projects, as well as plans to be implemented. Mission, the development of IT in 2014 and
beyond, besides to support business needs
Increased Knowledge of Information and improve customer service, should also be
Technology in line with Bank Indonesia regulations and the
• Development of IT application that can government in terms of compliance and good
provide excellent service to customers on corporate governance.
an ongoing basis has been the commitment
of Bank BTN. This development process Several IT projects to be carried out in 2014,
must be supported by reliable and in addition to continuing the projects from the
competent human resources. To that previous year, also provide support to business
end, Bank BTN has held several training and operation divisions in the development
and certification of IT services used in the of activities with a primary focus on time to
international banking industry to improve market and processing efficiency as well as
the ability of IT human resources. Training e-channel development.
and certification include: ITIL (Information
Technology Infrastructure Library).

Human Capital
Human Capital management as main asset of the

company is one of the most important priorities for
Bank BTN in running the company.
Bank BTN has a HR policy that is integrated in Human Capital is a critical success factor for
the “Human Capital Management System” in the Company to be able to excel and achieve
accordance with best practices and purposes its vision “To be the leading bank in the financing
of the Company to be a world class company. of housing”. Management of human capital as
main asset of the company has become of the
For Bank BTN, Human Resource (HR) is a most important priorities of Bank BTN in running
major asset of the Company (hence we refer the company. Therefore, we continuously make
to it as Human Capital). Knowledge and skills, efforts to improve and align the system and
competencies and potential of Bank BTN’s policy of “Human Capital Management”.

Bank BTN’s human capital policies include • Human Capital Policy Reward
processes and procedures in managing HR Contains Bank policies and procedures
on an integrated and mutual dependence to improve employees’ commitment and
basis, since the process of hiring employees motivation in working through the procedures
until the end of employment relationship. of granting rewards to employees, both in
Therefore, Bank BTN uses the “Integrated the form of cash and non-cash.
Human Capital Management” framework in • Human Capital Information System Policy
developing the Human Capital Management Contains policies and procedures regarding
Policy Manual, in order to ensure that all the Bank’s processes and procedures of
policies and procedures are set out in a personnel administration related to positions
consistent and integrated manner. and employee jobs, as well as information
systems and Human Capital database.
The whole policy of the Bank in the field of
human capital management is divided into the This means that the type of program
following six policy sections. development given is as needed by Bank
• Organizational Development Policy BTN, through a method that is not only in
Contains Bank policies and procedures accordance with the learning material, but also
in the field of drafting and development in accordance with the characteristics of the
of capabilities and infrastructure of the employees concerned. In accordance with the
organization in the field of human resource above principles, an outline of the programs
development. undertaken by management in encouraging
• Human Capital Acquisition Policy employee competency is as follows.
Contains Bank policies and procedures
regarding the procedures of searching, Competency development, which consists of:
selection and placement of employees in • Learning and Development.
positions that are vacant, both from within • Leadership Development Programs.
and outside the Bank, to ensure proper • Learning and Development Techniques.
placement on the right position (the right
man on the right position). Bank BTN also conducts competency
• Human Capital Development Policy assessment which is conducted every two
Contains Bank policies and procedures on years to measure the difference in competence
aspects of employees’ development and between the employees. Competence measured
learning to improve competence so that includes soft competency and technical
all employees can perform their jobs well. competency. Furthermore, identification is
The policies and procedures in this section done by Training Need Analysis (TNA) to design
govern the process of development and training and development programs to suit the
learning both formal and informal. needs of each employee.
• Human Capital Engagement Policy
Contains Bank policies and procedures In more detail, the details regarding human
to improve employees’ commitment and capital development at Bank BTN as part of the
motivation in working through the procedures Company’s key sustainability can be seen in the
of performance and career management, Sustainability Report 2013, which is presented
creating harmonious working relationship in a separate book. In this section we will report
between the Bank and employees as well as on the details and composition of employee data
relationship between employees. in 2013 compared to 2012, training information,
costs incurred related to human capital, as well
as similarity of opportunity for all employees.

Growth in Number of Employees and Prospective Employees) of 12% or 869
people in 2013. Based on data as of December
Along with Bank BTN’s asset growth, the 31, 2013, the number of permanent employees
Company experienced growth in the overall of Bank BTN reached 6,869 people and
number of employees (Permanent Employees prospective employees reached 1,142 people.
Growth in Number of Employees
Number of Employees
Year Permanent Candidate Growth (%)
Total
Employees Employees
2009 4,085 255 4,340 4
2010 4,231 1,081 5,312 22
2011 5,135 1,202 6,337 19
2012 6,048 1,094 7,142 13
2013 6,869 1,142 8,011 12
Composition of Employee
Number of Fixed Employees

by Rank
GRADE 31 December 2012 31 December 2013
22 - 6
19 to 21 76 92
15 to 18 795 790
13 to 14 1,740 1,672
11 to 12 2,271 2,941
8 to 10 1,166 1,368
Total 6,048 6,869
Number of Fixed Employees

by Education Level
EDUCATION 31 December 2012 31 December 2013
Post Graduate 288 272
Graduate 2,841 2,999
Diploma 1,586 2,207
SLTA 1,332 1,390
SLTP 1 1
SD - -
Total 6,048 6,869

Number of Fixed Employees by Age

31 December 31 December Learning and development programs in the
Age
2012 2013 Bank is divided into two types, namely:
Over 55 years - - • Technical Competence Learning and
> 51 - 55 years 414 538
Development Program.
• Competency Behavior Learning and
> 46 - 50 years 814 780
Development Program.
> 41 - 45 years 1,128 1,207
Learning and development programs in the
> 36 - 40 years 458 243
Bank are carried out through the following
> 31 - 35 years 329 452 methods:
> 26 - 30 years 1,465 1,978 • Formal Education Program for Tier 2 and
Tier3 levels.
> 20 - 25 years 1,440 1,671
• Training Program organized by the Bank
Total 6,048 6,869 can be divided into two groups, namely:
» Training to improve skills (skill
Training information improvement), which is a training
program that aims to acquire or
Bank BTN sees the need of a system that increase employee’s control over a
can be an objective foundation in improving particular area of expertise. This type
the quality of employees. For this purpose, of training may include programs of
Bank BTN has set a policy of learning and training, workshop, and certification of
development as a basis for improving the skills.
quality of employees on an ongoing basis. » Training to improve knowledge
Broadly speaking, the implementation of (knowledge improvement) is a training
Learning and Development Program for program that aims to acquire or improve
employees at Bank BTN can be divided knowledge/insight of employees in a
according to position, purpose and nature of particular area of expertise. This type of
the work. training can be a program of seminars,
socialization and comparative studies.
All programs of education, training and • Professional Development Program is
development at Bank BTN should consider a development program that is tailored
the following principles: specifically to a particular group of roles,
• Compiled with priority target for the which is divided into:
development of skills in accordance with » Professional development program for
the needs of the Bank. functional positions, such as auditor
• Constitute dynamic programs, constantly development program and secretary
adapting to the needs of the organization development program.
and work. » Professional development program for
• Knowledge, skills, and competencies structural positions, which consists
required for each position is a determining of a leadership development program
factor for setting Training and Development specifically organized for employees
Programs at each organizational level. with certain classes of positions and
rank.
• Managerial development program is
specifically organized for employees
with certain structural positions, such
as Division Heads, Department Heads,
Branch Managers, Sub-Branch Managers
and Cash Office Heads.

Education Types and Number of Training Participants in 2013
Realization in 2013
Type of Education
Number of Participants
Education
Fresh Graduate 2,173
Basic Supervisory Training 64
Executive Management Programme 6
Total 2,243
Technical Education
Service Excellence 2,350
Selling Skill 3,015
Priority Banking 947
Financing 1,921
Collection & Workout 151
Sharia 263
TI and System 1,327
Audit 85
Supporting Business Unit 2,922
Change Management Initiatives 65
Total 13,046
Development Program
Individual Development 2,131
Other Development 1,911
Total 4,042
*Assuming 1 employee get more than 1 education
Training Investment Cost Key Performance Indicator

In 2013, in broad outline, Bank BTN organized Human Capital
a series of training programs, learning and
development of employees as described Human Capital Key Performance Indicators
above with an investment cost of Rp110.07 (KPI) of Bank BTN in 2013 can be divided into
billion. No fewer than 595 kinds of activities four perspectives according to the Balanced
were carried out by Bank BTN for 19,331 Scorecard method used by Bank BTN, which
employees as participants, assuming every is as follows.
employee gets more than one education.
Financial Perspectives
• Improve operational efficiency of Human
Capital Division (HCD).

Business Process Perspectives To achieve the various targets mentioned

• Internalization of work culture with the theme above, in 2013, Bank BTN implemented various
“ Modelling, Professionalism and Integrity”; programs as follows:
• Strengthening the implementation of • Optimize work culture program at awareness
performance management; and internalization stages oriented to
• Implementation of Talent Pool Management; intrapreneurship, sales culture, performance,
• Meeting the needs of employees; and efficiency;
• Improve the quality of competency -based • Externalization of work culture;
human resources • Strengthen man power planning;
• Optimizing the role of service learning; • Implementation of talent-based career
• Increase effective administrative systems; management;
• Increase operational excellence; • Development of remuneration mechanism;
• Managing risk optimally. • Full Implementation of SMK;
• Preparation of exit policy;
Learning And Development • Development of knowledge management;
Perspectives • Development and implementation of HCIS;
• Achievement of GCG Index in HCD, and • Optimization of the learning centre.
• Achievement of culture assessment index in
HCD. Human Capital Role to Asset and
Profit Growth
Customer Perspectives
• Increase employee satisfaction as measured Human capital achievement in terms of asset
through the achievement of employee and profit growth of Bank BTN throughout 2009
engagement index. to 2013 can be viewed through the following
illustration:
Total Number of Employees Financial Data Employee Productivity

Asset (Rp trillion)
Profit (Rp billion)
Cost (Rp billion)
Ratio Personnel
Total Employee
Ratio Profit per

Human Capital
Employee (Rp
Employee (Rp
Asset Ratio/
Employees
Permanent
Candidate
BOPO (%)
Employee
Employee
Costs Per
(million)
million)
billion)
Year
2009 4,085 255 4,340 58,448 490 654 88.29 13.47 112.90 150.69
2010 4,231 1,081 5,312 68,385 916 762 82.39 12.87 172.25 143.45
2011 5,135 1,202 6,337 89,121 1,119 892 81.75 14.06 176.42 140.76
2012 6,048 1,094 7,142 111,749 1,364 1,010 80.74 15.65 190.98 141.42
2013 6,869 1,142 8,011 131,169 1,562 1,161 82.19 16.37 194.98 144.93

Ratio
Rasio Assets Per
Aset Per Employee
Karyawan (Rp
(Rp Billion)
miliar) Ratio of
Rasio NetBersih
Laba Income Per
Per Employee
Karyawan (Rp
(Rp Million)
juta)
13,47
13.47 12,87
12.87 14,06
14.06 15,65
15.65 16,37
16.37 112.90 172.25 176.42 190.98 194.98
16 200.00
12 150.00
8 100.00
4 5.00
0 0.00
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
BOPO (%) Rasio of

Ratio Laba
NetBersih
Income Per
PerKaryawan
Employee(Rp juta)
(Rp Million)
88,29
88.29 82,39
82.39 81,75
81.75 80,74
80.74 82,19
82.19 150.69 143.45 140.76 141.42 144.93
88 150.00
85 146.00
84 142.00
82 138.00
80 134.00
2009 2010 2011 2012 2013 2009 2010 2011 2012 2013
Tingkat Turnover
Turnover Rate Surveisurvey
This ini konsisten dan/atau
is consistent sejalan
and/or dengan
in line with
tingkat
the turnover di atas,
turnoverrate yaitunamely
above, bahwa upaya
that Bank
Selama2013,
During 2013, tercatat resigned.
202 employees 202 karyawanBased BTN dalam
effortsmenjaga lingkungan
in maintaining a kerja
goodyang baik
working
mengundurkan
on diri. Berdasarkan
this figure, Bank BTN’s turnover angkarate ini,
is demi terciptanya
environment for thesuasana
creationkerja yang sehat,
of a healthy work
maka2.52%
only tingkatper year, Bank
turnover or veryBTN
low.hanya 2,52%
Conducive aman, dan nyaman
environment, membuahkan
safe, and convenienthasil
haveberupa
been
per tahun,
working atau sangat
environment is rendah.
the reasonLingkungan
for the karyawan
fruitful Bank
in the formBTN bersedia willing
of employees untuk tobekerja
work
kerja low
very kondusif menjadi
turnover rate.alasan tingkat
In future, Bank BTN
turnover keras and
hard dan berupaya
strive to melebihi
exceed yang diharapkan
expectations to
yang
is sangat rendah
committed tersebut.a Ke
to maintaining good depannya,
working untuk amembangun
build karirBTN.
career at Bank di Bank BTN.
Bank BTN berkomitmen
environment for the creationmenjaga lingkungan
of a healthy work
kerja yang baik
environment thatdemi terciptanya
is safe suasana kerja
and convenient. KesamaanofHak
Similarity Rights
yang sehat, aman, dan nyaman.
Work Climate Survey Results Bank BTN BTN memberikan hak danrights
provides equal kewajiban
and
serta kesempatan
obligations yang setaratokepada
and opportunities seluruh
all employees
Hasil
In 2013, Survei Iklim Kerja
an Employee Engagement survey karyawan
in dalamcareer
developing mengembangkan
and performing karir their
dan
conducted using a survey method developed melaksanakan
duties tugasnya manner
in a professional secara profesional
regardless
Pada Louis
by tahun Allen
2013, shows
hasil survei Employee
the Employee tanpa
of membedakan
ethnicity, suku,
religion, race, class,agama,
gender, andras,
Engagement Index
Engagement yang(EEI) dilakukan
of Bank BTNdengan
at the golongan,condition.
physical gender, dan kondisi fisik.
menggunakan
score of 4.02%metode survei
with the yang disusun
following scale: oleh
Louis Allen
• 1-2: Notmenunjukkan
Engaged Employee Engagement Human
RencanaCapital Plan and
dan Strategi Human
• 3: (EEI)
Index Bank BTN berada pada skor 4,02%
Neutral Strategy 2014
Capital 2014
dengan skala sebagai berikut:
• 4: Engaged
1-2:
• 5: Not Engaged
Highly Engaged Dalam
In melakukan
transforming transformasi
into menjadi
a world class company,
world
• 3: Neutral Bank
class BTN Bank
continues
company, BTNefforts
to make terustomenerus
improve
• 4: Engaged melakukan
and adjust upaya
human penyempurnaan
capital management dan
• 5: Highly Engaged penyelarasan
systems pada sistem
and policies danenvironment
within the kebijakan
of the Bank.
110 LaporanReport
Bank BTN | Annual Tahunan 2013
2013
This is done in order to support the business • Achievement of the implementation of

of Bank BTN and assist the Company in coaching and counselling to employees in
achieving the vision that has been established. HCD.
Bank BTN’s human capital targets and
initiatives for 2014 are divided into four Customer Perspectives
perspectives appropriate to the Balanced • Increase employee satisfaction as measured
Scorecard Method, as follows. through the achievement of employee
engagement index.
Financial Perspectives
• Enhance sustainable value to shareholders To achieve the various targets mentioned above,
through optimization and operational in 2014, Bank BTN will carry out a variety of
efficiency of Human Capital Division (HCD). programs as follows.
• Strengthen the internalization and
Business Process Perspectives externalization of work culture;
• Improve the competence of employees; • Increase the number of employees who
• Strengthening Corporate Culture; participate in education and training;
• Meeting the needs of employees in terms of • Evaluate the implementation of training and
quantity and quality; education;
• Improve GCG, Risk Management and • Consistently running coaching and
Compliance. counselling programs for all employees
through performance counselling process
Learning And Development both formal and informal;
Perspectives • Meet the needs of employees through
• Achievement of culture assessment index in recruitment;
HCD; • Increase employee productivity.

Network
As a Bank with a customer base that is spread

across various parts of Indonesia, Bank BTN has an
extensive and unique distribution network.
In 2013, Bank BTN had a total of 65 branch This number increased compared to
offices, 223 sub-branch offices, 479 cash December 31, 2012, when Bank BTN had
offices, 22 Sharia branch offices, 21 Sharia 65 branch offices, 223 sub-branch offices,
sub-branch offices, 7 Sharia cash offices, 415 cash offices, 22 Sharia branch offices,
12 payment points, 1,504 ATMs across 21 Sharia sub-branch offices, 7 Sharia cash
Indonesia, as well as providing network offices, 12 payment points, 1,404 ATMs
access to more than 80,000 ATM Link, ATM throughout Indonesia, as well as providing
Bersama, ATM Prima, and ATM ALTO. network access to over 50,000 ATM Link,
ATM Bersama and ATM Prima.
Kalimantan
Regional Office -
Branch Office 5
Bank BTN Network in 2013
Sub-Branch Office 10
Cash Outlet 18
Sharia Outlet 2
Post Office 299
ATM 68
Sumatra
Regional Office 1
Branch Office 11
Cash Outlet 58
Sharia Outlet 6
Post Office 700
ATM 199
Jawa
Regional Office 2
Branch Office 38
Sub-Branch Office 158 Bali & Nusa Tenggara
Cash Outlet 375 Regional Office -
Sharia Outlet 40 Branch Office 3
Post Office 1,595 Sub-Branch Office 5
ATM 1,101 Cash Outlet 8

Sharia Outlet -
Post Office 141
ATM 37

The following is data of Bank BTN’s distribution network for the last three years:
Office Network 2011 2012 2013

Regional Office 2 3 3
Branch Office 65 65 65
Sub-Branch Office 218 223 223
Cash Outlet 316 415 479
Sharia Branch Office 21 22 22
Sharia Sub-Branch Office 18 21 21
Sharia Cash Outlet - 7 7
Total Office Network 640 756 820
ATM Machine 1,181 1,404 1,504
Online Post Office 2,738 2,922 2,922
In addition to expanding offices to new regions, Bank BTN also cooperates with third parties in
order to get closer to customers, through cooperation with PT Pos Indonesia (Persero) which
provides 2,922 Post Offices across Indonesia that are connected electronically and in real time.
With this partnership, customers can transact at the Post Office as well as transact in the offices
of Bank BTN.
Sulawesi
Regional Office -
Branch Office 5
Cash Outlet 18
Sharia Outlet 2 Papua & Maluku
Post Office 126 Regional Office -
ATM 80 Branch Office 3
Sub-Branch Office 3
Cash Outlet 2
Sharia Outlet -
Post Office 61
ATM 19
Total 2009 2010 2011 2012 2013

Regional Office - 1 2 3 3
Branch Office 61 63 65 65 65
Sub-Branch Office 204 214 218 223 223
Cash Outlet - 111 316 415 479
Sharia Outlet 21 26 39 50 50
Post Office 2,045 2,661 2,738 2,922 2,922
ATM 528 745 1,181 1,404 1,504

Information about the spread of branch at the Post Office until December 31,
offices including sub-branch offices, 2013 is described in the table below.
cash offices, ATMs and office services
Bali & Nusa
Kalimantan
Tenggara
Sulawesi
Sumatra
Papua &
Maluku
Total
Java
Office Network
Regional Office 1 2 0 0 0 0 3
Branch Office 11 38 3 5 5 3 65
Sub-Branch Office 34 158 5 10 13 3 223
Cash Outlet 49 327 7 13 17 2 415
Sharia Branch Office 46 40 0 2 2 0 50
ATM Machine 190 1,030 34 62 70 18 1,404
Online Post Office 701 1,598 143 295 126 59 2,922
Offices Determination of classification is based on

Head Office several criteria, among others: number of
The Head Office of Bank BTN is located at Bank customers, number of sub-branches and
BTN Tower, Jalan Gajah Mada 1, Jakarta Pusat cash offices under a single branch office,
10130, Indonesia. and the entire account balance. Bank BTN
realizes that branch development depends on
Regional Office cooperation of all employees in the branch.
A regional office is an office that helps Head Thus, it is possible that the class of each branch
Office perform administrative and coordination increases correspondingly with performance
functions of several branch offices in a achievement. Bank BTN regularly evaluates
particular region. Regional offices ensure and adjusts branch classification based on
that the branches and sub-branches achieve performance achieved.
business targets and evaluate branch offices
as well as implement marketing programs for Since 1994 Bank BTN has been designated as
branch offices. As of December 31, 2013, a foreign exchange bank so that Bank BTN can
Bank BTN had 3 Regional Offices that have accept foreign currency deposits, both demand
been actively running, namely Regional Office deposits and time deposits. To maximize the
I, Regional Office II, and Regional Office III. license as a foreign exchange bank, Bank BTN
also provides remittances services and sale and
Branch Office, Sub-Branch Office, and purchase of foreign currency at the branch office
Cash Office that support this service
In order for each branch office to achieve
optimal targets, Bank BTN divides branch In order to ensure maximal socialization of vision
offices into four levels: main branch office, and mission, Bank BTN oversees the operations
first-class branch office, second-class branch at all branches. The parent branch office
office, and third-class branch office. Each oversees sub-branch offices and cash offices
level operates independently, having different under its authority. Therefore, products and
credit approval authority according to each services at the sub-branch office are similar to
classification, as well as having different those offered at the branch office. The difference
targets according to bank classification. is in the level of credit approval authority.
Meanwhile, the scope of the cash office is more
focused on raising third-party funds from the
retail sector.

Sharia Branch Office, Sharia savings accounts, check balances, payment

Sub-Branch Office, Sharia Cash Office, of tuition fees through SPP Online BTN and
and Office Channelling payment of housing loan (KPR) instalments.
Each Sharia branch office offers all Sharia
banking products of the Company and has The cooperation agreement with PT Pos
different credit approval authority compared Indonesia will be renewed every two years
to a conventional/non-sharia branch office. and Bank BTN needs to renew the present
Customers can also receive Sharia banking agreement before November 30, 2014. The
services in the Company’s office channelling. post office is electronically connected with Bank
Sharia office channelling is sharing operational BTN using information technology and Host-to-
space with conventional bank branches and Host (H2H) telecommunications, which allow
sub-branches. In this location, all sharia the connection in real time. PT Pos Indonesia
banking services and conventional/non-sharia provides facilities and conducts operational
banking services are available for customers. activities, in which the Post Office employees
conduct operations at the post office using the
As of December 31, 2013, the total number of electronic network connected to Bank BTN.
Sharia branches, Sharia sub-branches, Sharia
cash offices of Bank BTN reached 50 outlets. To support network development through the
This amount is equal to 2012. In addition to post office, the Company is actively developing
Sharia branch offices, Sharia sub-branch a variety of strategies, including transition
offices, and Sharia cash offices, customers can from transaction-based fee provision structure
also access Sharia banking services through to profit sharing with PT Pos Indonesia and
the Sharia Service Office (KLS) in conventional leasing/hire purchase of 721 passbook printers
branch offices and sub-branch offices. for post offices connected with the Company
electronically. As of December 31, 2013, Bank
Post Office electronically connected BTN installed ATMs at 64 post offices that are
with Bank BTN connected with the network electronically.
The high mobility level of people has made
banking needs increasingly complex. In order to maintain and enhance cooperation
Customers do not only need a thorough with PT Pos Indonesia, Bank BTN has formed
solution of banking products and services, a special organizational unit that focuses
but also easy and fast access. Seeing on business development between the two
those needs, Bank BTN has the initiative to organizations and the Company plans to
pro actively approach customers through deploy employees to several post offices for
innovative and quality products. the purpose of cross-selling, as a form of
strengthening business cooperation between
One of which is through cooperation with PT Bank BTN and the post office.
Pos Indonesia (Persero) from 2005 through
the joint launch of Tabungan BTN Batara Pos Electronic Services
product. Then on December 31, 2010, Bank ATM and ATM Cards
BTN renewed the cooperation agreement with As of December 31, 2013, Bank BTN had
PT Pos Indonesia, where PT Pos Indonesia 1,504 Automated Teller machines (ATMs)
agrees that the Company may utilize post with 2,710,450 million cardholders, including
office outlets to offer banking products and 1,626,723 ATM debit cards and 1,083,727 ATM
services to its customers such as opening non-debit cards.

To extend the range of use of BTN Debit Cards, can be used as a means of payment, withdraw
increasing transaction ease, and increasing third funds, monitor balances, and transfer funds
party funds, Bank BTN is also collaborating with between Bank BTN accounts or to other bank
the ATM network provider company. Bank BTN accounts in the network of ATM Link, ATM
has now become one of the banks with the most Bersama, ATM Prima, and ATM ALTO.
complete ATM service facility network. Other
than can be used on more than 43 thousand Bank BTN also always adds the function of
ATM LINK, BTN debit cards can also be used ATM cards to facilitate the daily activities of
on more than 37 thousand ATM Prima and ATM customers. Now, customers can use an ATM
ALTO. card to pay phone bills, mobile phones, credit
cards, water, and so forth. All these services
In addition, as a form of commitment to are available because Bank BTN has signed
electronic banking services, Bank BTN an agreement with the service provider or third
continues to increase the number of BTN party related to these services.
ATMs and launch a new service, namely BTN
ATM Cash Deposit. Through this free-of- In addition, any matter of prepaid payment has
charge service, customers can conduct cash become much easier. Bank BTN customers can
deposit transactions to their personal Bank buy prepaid vouchers via ATM of Bank BTN.
BTN accounts or other Bank BTN accounts With a number of these additional benefits,
up to Rp25 million per day. Cash deposit BTN ATM transactions during 2013 reached 32
transactions are expected to simplify and million transactions worth Rp14,000 billion. This
accelerate financial transactions in real time. amount is up from the position in 2012 as much
Currently, ATM cash deposits can be served as 24 million transactions worth Rp12,000
at 12 branch offices of Bank BTN, namely billion.
Medan, Surabaya, Makassar, Bandung,
Jakarta Harmoni, Bogor, Bekasi, Cikarang, Bank BTN has also launched BTN Debit
Kelapa Gading, Kebon Jeruk, Semarang and Cards since 2009. In collaboration with Visa
Tangerang. International, this card can be used for cash
withdrawal at ATMs with Visa logo as well as
In addition, other new services are BTN ATM purchases at Visa logo merchants worldwide.
Non-Cash. Through this service, customers can
make transaction payments easily and quickly. BTN iMobile
Payment of electricity bills, telephone, cell phone, In order to provide added value to its customers,
pay TV, credit cards, education expenses, plane since 2004 Bank BTN has improved its
tickets, are available on the menu of BTN ATM distribution network through BTN iMobile.
Non-Cash. Menu is also available for mobile BTN iMobile is a mobile banking transaction
phone reload and prepaid electricity purchase. service facility that can be accessed through
Currently, non-cash ATMs are available at 9 mobile phones. Through this facility, customers
branch offices, namely Jakarta Harmoni, Bekasi, can perform banking transactions in a mobile,
Cikarang, Bogor, Kelapa Gading, Kebon Jeruk, easy, online, and real time. This service is also
Bandung, Surabaya, and Makassar. a solution for customers who want to conduct
transactions but have limited time.
Bank BTN will continue add Non-Cash ATMs
and Cash Deposit ATMs to serve customers in To enjoy this facility, customers can type a simple
other branch offices throughout Indonesia. short message service (SMS). BTN iMobile can
be accessed via mobile phone of any brand.
Bank BTN always installs ATM machines at Provision of services includes monitoring
branch offices, sub-branch offices, cash offices, balances, transfer funds to the account of Bank
post office online, shopping centres, office BTN and other bank accounts, pay bills, and
buildings, and residential areas. BTN ATM cards prepaid mobile phone top-up.

Marketing
Bank BTN is the first bank that organized a housing

exhibition by the name of “BTN Property Expo”
As holder of the largest market share of Bank BTN has closed ranks by designing and
housing loans (KPR) in Indonesia and a major executing marketing strategies to build a new
contributor in the public housing program as paradigm by making the voice of the customer
indicated by the highest FLPP KPR distributor, as the“commander”.
23% of KPR market share (June 2013) BTN dominated 94% of Realized FLPP in 2013
6%
23
%
%
27
BTN BTN
BNI Others
BRI
BCA
NIAGA
11%
MANDIRI
%
Others
10
4%
7%
18 % 94%
Source: Company and Bank Indonesia Source: BLU-FLPP Kemenpora
Bank BTN is the first bank that organized a • Adiupaya Puritama Charter Award as
housing exhibition named “BTN Property Expo” KPR Sejahtera First Rank Executor
and by 2013 had managed and successfully Bank through the FLPP Program for
received recognition from various independent Conventional Loan Category from the
institutions through a variety of events, including: Ministry of Public Housing.
• Digital Brand Award of the Year 2013
• Charter Award as Favourite KPR for ranked first in the category of Digital Brand
Houses < IDR500 Million for Greater KPR by Infobank.
Jakarta Area from Housing Estate KPR
Awards. Diamond Award as the “Most
Preferred Brand of Mortgage” at the Brand
Champions Awards 2013 by Markplus
Insight.

Entering the age of 63 years in 2013, Bank Bank BTN is very aware that the increasing
BTN continues to perform brilliantly every year. needs of the community should be
During 2013, Bank BTN’s performance was accommodated by a special product that can
very satisfactory. This success could not be facilitate these needs. Thus, banking product
separated from persistent marketing efforts and innovations have become a necessity that
on target based on the market share of products must be met by the Bank. Therefore, Bank
and/or services offered by the Company and/or BTN has built a business architecture that
the target market segments that can be divided focuses on targeted market segments so that
into three, as described in “Business Analysis”, it can be more competitive in the market, as
namely: Housing Loan (KPR) and Consumer can be seen through the following illustration:
Banking; Residential and Commercial Banking,
and Sharia Products and Services.
Bank BTN Business Architecture

Consumer Banking Commercial Banking
Credit Consumer Funding Credit Commercial Funding
Product Line Mortgage Non
Credit Other Investment Housing D/S/T
Secondary D/S/T Housing Wholesale Securitization
Program consumer Dept. Credit Co.
Segment Credit
Remittance & Money Payment Wealth Deposit Payroll Online Cash
Service Servicing
Transfer Point Management Facility Facility Management
Gateways
Switching Provider
switching
Distribution Call
Branches ATM B to B EDC Mobile-SMS Internet Post Offices
Network Centre
Promotional
Integrated promotion below and above the line Ongoing internal and external communication
Communication
Sustainability Market Share, Mind Customer Loyalty & Brand & Positioning
Main Goal
Profit & Focus Share Satisfaction Value
For that Bank BTN has been designing and The existence of a special unit that handles
then executing various strategic initiatives all three businesses in accordance with the
and implementing various marketing activities business segments above is a testament to
aggressively. the bank’s seriousness in expanding business
and customer outreach. Equally important,
Not only marketing products , Bank BTN is Bank BTN has also added selling officers
also striving to improve raising third-party funds and recruited professionals to increase the
through a variety of fund products designed intensity of business and marketing. To continue
to meet the needs of the targeted customers. maintaining the reputation and position in
Additionally, in an effort to reach a wider market, the Indonesian banking industry, maintaining
Bank BTN has also made changes to the customer loyalty and generating widespread and
organizational structure, both at head office and sustainable business, the management team
branch offices. The new organizational structure and employees are always launching various
is more oriented to businesses and customers, marketing strategies carefully and precisely.
clearly dividing into commercial and consumer
business, based on both conventional and
sharia, as illustrated above.

In order to support the success of Bank BTN lower middle -income customers and families in
when executing a marketing strategy that less developed regions in Indonesia as part of
has been designed as best as possible, the financial inclusion activities.
management of Bank BTN has implemented
a change paradigm program by implementing In addition, Bank BTN offers banking network
several programs, including a consumer funding access with a broad range through its branch
conference, which was attended by all heads offices and ATM network, telephone service/call
of sub-branches and heads of cash offices. In centre, and SMS banking as well as electronic
addition, Bank BTN has consistently organized network connected to more than 2,900 Post
training and selling skill educational programs Office outlets throughout Indonesia. Bank BTN
and mind brand identity workshops. These is trying to improve banking services through
important programs have been conducted in the BTN iMobile service, the addition of ATM
order to establish spirit and instil a sales culture network, as well as increasing the number of
to employees, in addition to improving their Post Office outlets that are connected with Bank
knowledge and skills. BTN electronic services as well as increase
Priority banking service.
The marketing strategy established by Bank
BTN, especially in the face of competition in Bank BTN strives to maintain long-term
the banking industry at present is to ensure relationships with customers by providing high-
that Bank BTN remained as market leader in quality services through distribution channels/
the KPR sector. In line with its core business, outlets that are convenient and easily accessible.
Bank BTN continues to focus on KPR business The Company continues its efforts to speed up
for serving the lower middle-income market the loan approval process by taking measures
customers segment, and in addition Bank BTN such as increasing the credit approval authority
is also expanding the business to provide non- of branch offices and sub-branch offices and
subsidized KPR and other consumer loans. improve the credit scoring model and the 1-5-1
Looking ahead, Bank BTN will try to add new services standard.
products to other loan products.
Customer-oriented marketing activities are
With the development of new products, Bank currently being implemented to include a lottery
BTN involves third -party survey agencies by program, advertising in print and electronic
sending a survey to existing customers related media, sponsorship of fairs and exhibitions for
to new programs of Bank BTN. Bank BTN’s housing developers, the addition of network
marketing efforts are classified based on three outlets in strategic locations, promotional
marketing segments as follows: programs with certain developers, where the
Company provides credit up to 90.0% of the
Consumer Banking purchase price as well as certain loan interest
Bank BTN focuses its marketing and expansion rates for customers, special promotions for KPR
efforts on consumer banking in the largest cities with interest rates specifically for employees
across Indonesia that have high potential in of state-owned enterprises, and special
financing and credit growth. Consumer banking promotional programs for clients such as gift-
business expansion to cities and provinces giving to customers. Bank BTN efforts also
across Indonesia is implemented by increasing include expanded coverage of credit distribution
the operating efficiency of regional offices and to increase non-residential loan portfolio by
the development of products and services that collaborating with government agencies,
are specifically also extend the reach to the educational institutions and large corporations.

Broadly speaking, in 2013, the marketing Alliance with the Post Office. Cooperative
strategy implemented by Bank BTN was relationship with the Post Office during 2013
increasing deposition of customer balances, was reinforced by regular meetings at the central
raising new funds and increasing fee- based level, implementation of working groups at the
income. To that end, Bank BTN held a variety Branch Office level and regular visits to Cash
of programs and product development, among Office Services Office (Kantor Layanan Kantor
which is the Tabungan Batara Homebastis 2013 Kas, KLKK). For New Customer Acquisition and
Sweeps takes Program. In this activity, Bank Brand Awareness of Tabungan e’Batara Pos
BTN prepared various types of prizes among was implemented a variety of programs such as
others: Grand Prize in the form of 3 (three) units the promotional activity called “Flood of Gold”
of luxury homes, premium prizes in the form of and ‘Xtra Bonus program for Tabungan e’Batara
16 (sixteen) cars, and regular prizes in the form Pos product.
of 17 (seventeen) motorcycles and 256 (two
hundred and fifty six) pieces of precious metals Since June 2011 Bank BTN has launched
@10 grams each, LED TVs, Gadgets with total Tabungan BTN Cermat which is a product of
prize amounting to Rp16 billion. Bank BTN with support from the international
community. Bank BTN as the only bank in
This program is an appreciation to loyal savers Indonesia that is a member of WSBI (World
and users of Bank BTN services and has been Savings Banks Institute) has been successfully
held regularly since 2003. Awarding main prize in selected as one of 5 banks in the world that
the form of a house embodies the core business is receiving financial support from the Bill
of Bank BTN in the field of housing finance with and Melinda Gates Foundation to introduce
lottery participants being customers of Tabungan savings products that cater to Low-Income
BTN Batara and Tabungan BTN Prima. In addition, Communities (MBR) with easy and affordable
Bank BTN also performs product development in savings procedures.
an effort to raising new funds and increasing fee- • Marketing pro actively by implementing “KPR
based income, such as the product launches of Party For Indonesian Families” by organizing
Tabungan Batara-Pensiunan, cooperation with BTN Property Expo 2013. Bank BTN is
Telkom, and cooperation with Prodia. the first bank that has organized the “BTN
Property Expo” housing exhibition. A total
Developing outlets as a channel that focuses of 121 residential developers showing 410
on improving fund-raising activities and property projects participated by offering
customer interaction is currently carried out middle and upper middle segment houses
through evaluation of the activity of outlets and/ which include houses, premium apartments,
or outlet quality improvement. This strategy shop houses, and hotel condominiums.
is implemented by adding outlets in potential During the exhibition, Bank BTN offers
business areas in which Bank BTN has currently special deals including a 7.49 percent
not entered the market and redesigning outlets interest rate fixed for 2 years for KPR/
innovatively to suit the segment. KPA at a price above Rp250 million, mild
down payments, discounted fire insurance
Quality Service by implementing the Mentoring premiums 40 percent below standard,
and Coaching Clinic Program and the discounted life insurance premium to 40
Knowledge Enhancement Program is expected percent, 50 percent discount on fees, and
to improve the quality of services and knowledge no administration charges. Bank BTN also
of employees at branch offices as the spearhead provide a fixed rate of 8.25% per annum for
of marketing products and services of Bank two years for a credit limit of up to Rp250
BTN. million. This promo interest rate is only given

until the end of July 2013. In addition, Bank • Converting customers who have savings,
BTN also carried out the “Housing Strike but do not have an ATM card into having an
(Serbu Perumahan)” program by way of ATM card. This is followed by a policy that
opening booths in housing complexes with leads to restrictions on payment in cash at
a high occupancy rate in order to launch a the counter so that ATM card usage can be
proactive marketing. optimized.
• Optimization of Sales Channel by perfecting • More powerful direct communication,
e-Loan application and infrastructure. through Radio Ad consistently throughout
• Standardization of Processes and Services the year, focusing promo on housing
with reference to the criteria of ISO improvement and related merchants and
9001:2008 certification across branch utilizing social media.
offices and creating service space for priority • Payment features enhancement through
borrowers. pay TV/Internet, Airlines, Consumer Credit
• Increase Bancassurance Fee Based Income Companies and donations.
in partnership with Insurance and Mutual • Increase credit card owners through direct
Fund companies related to securities. sales activities in shopping malls/stores/
• Increasing BTN Priority third party fund. events/offices, and a Telemarketing Program
Through this activity, Bank BTN seeks to for Savings Account Holders.
expand BTN Priority members, both through
existing customers and new customers. Commercial Banking
• In 2013, Bank BTN also launched the Bank BTN serves Commercial Banking
Top-Up BTN Credit product. In addition, customers through relationship managers
the Bank also implemented the gimmick and account managers located at the Head
marketing program, cross-selling strategy Office and Branch Offices. The relationship
and branding activity as well as loyalty manager specializes in financial products and
programs. The gimmick marketing focuses on building relationships and providing
program is implemented by providing a financial solutions in accordance with customer
special interest rate, discounted fees, no expectations. The account managers of Bank
administration charges, down payment BTN have the ability in raising funding, providing
10%, marketing fees. Meanwhile, cross- solutions to investment options and providing
selling strategy and branding activity as well guidance on investment portfolio of funds to
as the loyalty program are implemented commercial banking customers.
through cooperation activities with Airport
Lounges and Merchants, loyalty event Currently, Bank BTN has targeted commercial
activities through seminars, talk shows, banking customers for financing the productive
exhibitions, etc., as well as direct sales business sector in manufacturing/plant,
program by holding a variety of customized property, including hotels, service apartments,
events, gathering, recreation and so forth. infrastructure and others such as education and
Bank BTN also conducts joint marketing health. To monitor commercial lending, Bank
programs with Car and Motorcycle Dealers BTN conduct a branch monitoring program
for KTU BTN and BTN KAR products where relationship managers visit commercial
supported by the “Housing Strike (Serbu loan clients to discuss and provide solutions to
Perumahan)” program for marketing of KAR customers’ credit constraints. The purpose of
BTN product. the branch monitoring program is to ensure that
the credit quality of Bank BTN is maintained.

Broadly speaking, marketing strategies Bank BTN has entered into cooperation with
undertaken to develop the commercial banking institutions such as government agencies, local
segment are as follows: governments, state/local enterprises, private
companies, universities, hospitals, pension
Marketing for Up Selling intended for existing funds, cooperatives, and other institutions.
customers by performing 3 (three) principal One of the features provided by Bank BTN
activities, namely: development, social approach is through the Operational Development
and personal selling. Bank BTN realizes that Program (PPO) where institutional customers
customer loyalty can only be formed with optimal can obtain facilities/benefits in kind or sufficient
service and added value. To build and maintain operational funds to precipitate and maintain
customer loyalty, Bank BTN organizes the a minimum balance of funds over a period
Customer Loyalty Program regularly. Programs of time as agreed with the Bank. In addition,
that involve the active management role of Bank optimized marketing of institutional funding
BTN is manifested in sports tournaments, arts products marketing is done by encouraging
and appreciation of other cultures. Business to Business (B2B) cooperation. For
example, to become an education payment
Marketing for New Customers is done by service provider with universities, water bill
conducting optimal activities of operational payment with PDAM, accept tax payments,
development and customer gathering. Bank and so forth. B2B in cooperation with the
BTN sees that institutional market opportunity PPO has turned into a strategic partnership
not yet reached by services and products is with a high synergy, so that it is possible to
still wide open. This is an opportunity as well as obtain placement and deposition of low-cost
a positive outlook for Bank BTN to reach new funds, particularly demand deposits, in large
institutional customers. Bank BTN will increase quantities and long term. Additionally, Bank
its institutional funding portfolio to capture new BTN is collaborating to build a synergy with
customers as well as maintain and optimize out housing developers in striving to provide
reach to existing customers. decent housing for the wider community.
Promotional activities to achieve targeted Developing the IT system to improve services

institutional funds have been set by the to customers. As an illustration, with the
management. Bank BTN also seeks to provide support of technology cooperation between
total banking solution (one stop service) to agencies with data communication networks in
customers, covering all types of financial real time (Host to Host) to meet the needs of
products, loans, and available services to institutional customers in accepting payments.
support the needs of institutional and individual Another convenience is the Virtual Account,
clients. where customers can receive payments from
colleagues who do not have to have an account
Bank BTN has formed a partnership with several at Bank BTN.
insurance companies, both state-owned and
private enterprises, in order to provide bank Payments can be made from other bank ATMs
guarantee services to businesses that require a that are connected to the network of ATM
guarantee for the viability of projects. Bersama. In addition, IT is used to support
performance achievement monitoring activities
to build monitoring tools such as monitoring
applications, dashboards, monitoring maturities
and Daily Reports.

Sharia Business Unit (UUS) To support Government program in the provision

With the rapid growth of the property industry, of low-cost housing for Low-Income People
many Sharia banks are competing to offer (MBR), Bank BTN UUS offers housing finance
Sharia KPR financing through a variety of services, such as KPR BTN Sejahtera iB with
strategies. Bank BTN as the dominant player FLPP support. Meanwhile, financial services
in the housing finance market did not want to and education services of Sharia Banking is
miss. Armed with expertise for six decades, a done by offering the Operations Development
series of Sharia product marketing activities Program (PPO), which is a program that offers
are carried out through the Sharia Business a variety of benefits to enhance the smooth
Unit. Through this unit, Bank BTN has been operation for cooperation partner agencies as
performing promotional activities through appreciation for the placement of funds in Giro
various media, providing sponsorship, carrying BTN Investa iB accounts. The payroll program
out social activities and participating in various is also offered to employees at the cooperation
housing exhibitions. partner agencies to complement the already
established cooperation.
The Sharia Business Unit of Bank BTN supports
bank growth through a variety of products Broadly speaking, marketing strategies
and services conducted according to sharia implemented by Bank BTN UUS in 2013 were
principles such as Talangan Haji BTN iB as follows:
financing product, Tunai Emas BTN iB financing,
Multijasa BTN iB financing, Multimanfaat BTN • Creating promotion/marketing gimmick
iB financing, and so forth as financing product programs to increase the realization of retail
alternatives available at Conventional Bank BTN. third party deposits. Gimmick marketing is
done in several ways, among others:
Various promotional activities undertaken by » Direct reward programs.
UUS of Bank BTN are as follows: » Savings marketing fees.
• Promotional activities conducted through » Partnerships with institutions.
merchandizing, gifts for loyal customers, as » Tabungan Haji BTN iB marketing fees.
well as advertisements in various media. • Creating promotion/marketing gimmick
• Publicity and Public Relations activities programs to increase the realization of
include sponsorship activities, customer financing, which is done by several ways,
gathering for prime customers, product namely:
presentations, establish good relationships » KPR marketing fees.
with various agencies and campuses, and » Savings collector fees.
social activities (social marketing). . • Increase innovation of Sharia BTN products
• Personal Selling activities are carried out by and services to enhance raising commercial
marketers to establish good communication and retail third party funds, through several
with customers. initiatives, namely:
• Direct Selling activities include direct mail » Offer SPP Online with SMS Gateway
delivery, participating in various housing application as bonus.
exhibition activities, and cross selling (existing » Offer Cash Managemenf System for
KPRS customers and former customers) Payroll services / BTN iB.
through offering deposit products with » Offer PPO to PD Pasar Bermartabat in
competitive profit sharing. Bandung and PD Pasar Jaya in Jakarta
for purchase of market dues payment
application system.

Recomposition of Reinventing
Customer Group Outlet
Change
Service Quality
Paradigm
• Cooperation with potential institutions and Recomposition of Customer Group

agencies, among others : The composition of fund collector groups
» Muhammadiyah Community Organization is based on the balance, and Bank BTN
(CO). divides it into six groups of fund collectors
» PD Pasar (PD Pasar Bermartabat in through increased strata deposition balance.
Bandung and PD Pasar Jaya in Jakarta). The implementation of recomposition of
» YPI AI - Azhar. customer group will be preceded by profiling
» Jamkrindo Housing within the framework customers resulting in a major profiling output
of Sharia Financing Guarantee. among others based on: demographic,
» LPDP ( Education Fund Management geographic, behavior, psychographic; needs
Institution) of the Ministry of Finance. and wants, and preferences.
• Giving awards to Sharia Branch Offices that
achieved the target for certain products. Paradigm Change
In order to anticipate environmental changes
With the above strategies, Sharia banking that may occur Bank BTN endlessly performs
performance has been perceived capable of change management by developing a paradigm
supporting the future growth of Bank BTN. In to address the challenges facing the business.
the end, Bank BTN business development will To that end, this paradigm change program
provide added value for all stakeholders. will be done by implementing a variety of
ways, including implementation of customer-
Marketing Plan 2013 oriented work culture, recruitment of middle to
Bank BTN is constantly striving to make up managers, recruitment of consumer funding
marketing efforts in accordance with the voice people unit as a pilot task force for personal
of the customer in such a way so as to support selling aggressively in order to acquire new
the business and/or sustain the company in savers and recruit new staff.
achieving the vision that has been planned.
Broadly speaking, Bank BTN marketing
initiatives for the period of 2013 can be divided
into four, as explained below.

Reinventing Outlet Improvement of Service Quality

Reinventing outlet will be done by way of: The main objectives to be achieved from
improved quality of services include:
• Addition of outlets, through identification
of potential business where Bank BTN has • Increasing consumer awareness of
not entered the market and perform spatial products and services of Bank BTN.
analysis with a global approach and local • Improve customer loyalty and satisfaction.
solutions that are integrated with geographical • Increase the number of new customers.
information system in determining strategic • Increase purchasing intensity and product
locations. usage.
• Improved quality of outlets, through • Creating service differentiation with
outlet redesign innovative efforts through competitors.
customized consideration according to the • Build a customer oriented service culture.
segment. Thus, it is expected to create an • Increase the Company’s profits.
atmosphere that supports customized and • Superior service and deliver the best
personalized services. In addition, there will solutions according to the needs of
be various initiatives as follows: customers in a timely manner, thereby
» Improved quality of outlets. providing customer satisfaction.
» Automation of IT for transactions in
outlet so that employees focus more on
consulting services that can enriching
customer experience. In addition,
the information system also supports
provision of information about customers
so that more input can be given to
employees in personalizing service.
» Training employees to be able to
always give the best to customers and
understand customer needs.
» Increase employee expertise in selling
funding products that are advisory
products which are relatively more
complex than ordinary savings products.

Chapter 5
Financial
Analysis
129 Relevance of Bank & Industry Operational
Review towards Financial Performance
132 Financial Performance Analysis
132 Income Statement and Comprehensive
Income Statement
141 Statement of Financial Position
149 Capital Structures
150 Banking Financial Ratios in Relation to
Solvency and Collectability, Liquidity, and
Profitability
151 Capital Expenditure and Material
Commitments Related to Capital Expenditure
153 Cash Flow
154 Commitments & Contingencies
155 Information on Material Transactions Involving
Conflict of Interests and/or Transactions
Involving Related Parties
165 Impact of Interest Rate Changes on Net
Interest Income Margin or/and Operating
Income of the Bank
165 Information and Material Facts After the Date
of the Public Accounting Firm Report
165 Dividends and Dividend Policy
166 Realization of the Use of Proceeds from
Public Offering
167 Material Information Concerning Investment,
Expansion, Divestment, Debt/Equity
Restructuring
167 Changes in Laws and Regulations of
Significant Influence
168 Changes in Accounting Policy
171 Comparison of Projections with Results
Achieved
172 Financial Targets for 2014
173 Financial Impacts of Activities and
Certification of Environment
D O
IN
S
Koran
“Company Excellent
Achievement
Indonesia’s TOP 50”
During 2013, Indonesian monetary economy conditions

have been turbulent, especially in the last quarter period
of 2013. Weakening Rupiah exchange rate against foreign
currency required in an intervention from Indonesian banking
authorities to maintain the stability of monetary economics.
Consequently, the Bank Indonesia interest rate increased
of up to 7.50% which then affected the establishment of
interest rate and net interest margin of banks in 2013.
Nevertheless, Bank BTN managed to achieve a net profit of

Rp1.56 trillion in 2013, a 15% increase from 2012. Assets per
December 2013 reached an upsurge of 17% to Rp131.17
trillion from Rp111.75 trillion in the previous year when Bank
BTN steadfastly maintained its position in the group of 10
national public banks with the biggest assets.
Additionally, main financial ratios were also relatively stable.

Several indicators, such as CAR reached 15.62%, LDR was
104.42%, Nett NPL was 3.04%, ROA was 1.79%, and ROE
was 16.05% by the end of 2013. Bank BTN also successfully
maintained the net interest margin (NIM) above 5%, which
was at 5.44% for 2013.
This achievement signifies the full commitment of Bank BTN

in maintaining its position as a housing bank consistent
with optimal profitability and excellent solvency in times of
fluctuating monetary economy.

Financial Analysis
Relevance of Bank &

Industry Operational
Review towards
Financial Performance
Infobank – 18th Infobank Awards 2013

“Bank with excellent Financial Performance 2012”
Relevance of Bank Operational During the last quarter of 2013, Indonesian

Review towards Financial monetary economy condition experienced a
Performance very fluctuating instability. Inflation rate reached
8.38% with a soaring 7.5% of BI rate whereas
Conventional Business Unit at the beginning of 2013, BI rate only reached
Since 1897, Bank BTN has held a role as 5.75%. In such a situation, management took
a banking financial institution that bridges the initiative by taking measures to sustain the
the consumer and investment activities of stability of the Bank’s profitability, which were:
the public and performed monetary policy • Adjustment of interest rate (specifically
distribution function as led by Bank Indonesia. loans and deposit)
Bank BTN has shown its function as a • Loan approval authority management
financial institution with excellent competence • Improvement of loan quality
and experience in intermediating financing • Review of litigation program
activities among the public. In 1974, Bank BTN • Reorganization
was appointed by the Government to provide
housing financing, especially for middle to By those steps, during 2013 the Bank had
lower classes. Since then, Bank BTN has successfully reached an asset growth of 17%
been one of the financial institutions actively or an increase from Rp111.75 trillion in 2012
and specifically implementing Government to Rp131.17 trillion in 2013 where the biggest
programs to ensure the availability of the contribution came from mortgage loan,
housing needs of the public and as a form which was 52% of the total asset. With such
of provision of financial solution for housing significant asset growth, the Bank has the
needs. potential and capacity for larger income gain
during 2013. That was demonstrated by the
In accordance to the reputation of Bank increase in interest income and income from
BTN as a housing bank, the management Sharia profit sharing by 22% in 2013.
established a vision for the Bank, which is
to be the leading Bank in housing financing In 2013, Bank BTN was able to sustain a net
asset and optimization of Bank profitability. interest margin above 5% which generated
Asset growth program is executed with the an increase of 15% higher net profit than
consideration that asset is the potential and 2012. Furthermore, the increase in net profit
capacity of the Bank in accruing profit in the resulted in the equity growth of 12% higher
form of interest. In regard to asset growth, than 2012. With those results, the Bank has
productive and effective asset allocation shown an excellent management commitment
and utilization directly produce optimum to managing profitability and generating asset
profitability, which is reflected in the financial growth, liability, and equity to be the best bank
report performance of the Bank. in providing source of financing which is easily
accessed by the public.

Based on the 2013 target, management sharing in Mudharabah and Musyarakah
established a net profit target of Rp1.61 trillion transaction. In 2013, Sharia Business Unit
and asset balance per 2013 of Rp135.91 achieved an increase in sharia income, which
trillion. Based on the audited financial report was part of the income of the Bank’s Income
per 2013, Bank BTN had attained a net Statement, of 16% compared to 2012 which
profit of Rp1.56 trillion and a significant asset contributed 4% to the 2013 gross revenue.
growth with a balance of Rp131.17 trillion, or Increasing sharia financing transaction caused
3%-5% lower than the 2013 target. Although sharia asset to grow 25% compared to 2012.
the 2013 earnings almost 100% fulfilled the The rise of sharia financing was supported by
2013 target number, Bank BTN managed to the growth of sharia-based customer deposit
maintain an asset of over Rp100 trillion and fund of 15% in 2013. Along with the growth
became one of the 10 banks with the biggest of sharia portfolio, sharia-based net profit
assets in Indonesia. increased 62% in 2013.
Sharia Business Unit One of the reasons for the growth was due
In order to attract sharia-based customers, to sharia financing product innovations that
Bank BTN expanded its network by attracted more customers.
establishing the Sharia Business Unit in 2004
with the purpose of providing financing service Relevance of Industry Review
and deposit service based on sharia principles. towards Financial Performance
In accordance to the Bank’s reputation as
a housing bank, Sharia Business Unit also Based on the information from the bureau of
provides home financing with Murabahah statistics in 2013, the Indonesian population
principle (buying and selling) and Istisna reached 250 million people, classified into
(buying and selling by order). 61 million households. Around 78% of
households have been provided with decent
Sharia Business Unit also provides various housing and environmental needs. The rest or
non-housing financing product such as BTN iB about 13 million households still experience a
working capital financing, BTN iB investment deprivation of housing needs.
financing, and iB hajj bridge fund financing
within the mudharabah and musyarakah (profit According to the housing industry information
sharing) concept, istisna (buying and selling obtained from the Ministry of Public Housing,
by order), rahn (collateral), and ijarah (rent). the total demand of housing needs per year
Financing packages are mostly supported by have reached 800,000 house units although
mudharabah time deposits fund. the supply only reached 400,000 houses per
year. This implies that every year, our country
The income garnered from sharia financing has a deficit of house unit supply needed to
is margin recognized from the Murabahah meet public housing needs. To overcome
(buying and selling) transaction and profit this, the government with the Ministry of

Financial Analysis
Public Housing will supply housing units with For the consistency of Bank BTN in performing
habitable decent environment for Indonesian its role as a housing bank, Bank BTN became
residents as part of the government planning the focus and leader for housing financing
for a certain period. fund disbursement to the public. In other
words, Bank BTN is still the market leader for
In order to motivate the public into having home ownership financing products (KPR).
sufficient buying power to purchase a house,
those households need financing supports. Viewed from the establishment of mortgage
The government along with Banks and rate, from the industrial perspective, the
financial institution provide financing support Prime Lending Rate of the banking industry
for housing needs in the form of housing loans/ has adhered to the BI Rate, which is
mortgage (KPR/Kredit Pemilikan Rumah). approximately 10%. In 2013, Bank BTN
in average established a loan rate of 11%
Based on mortgage data for housing financing while taking the net interest margin and
acquired from the Goldman Sachs Research profitability commitment of the Bank into
and Estimation, the contribution of housing consideration. In such interest-determined
financing amount to the gross domestic conditions, Bank BTN has excellent potential
production value in Indonesia is the lowest and competitiveness with other banking
compared to other Asian countries. Therefore, industries, by increasing present and future
this fact signifies that this country needs a credit portfolio.
supportive housing financing to encompass
gross domestic production value of the Additionally, based on the comparative analysis
public and the growth of housing demand. between Bank BTN as a housing bank with the
Furthermore, mortgage financing business housing loan banking industry, in 2013 Bank
still has an excellent opportunity to grow and BTN actualized Subsidized Mortgage with the
develop in order to meet the growing demand biggest portion from Subsidized Mortgage
for housing in Indonesia, especially in the banking industry portfolio of 93.88%, whereas
years of advancing Indonesian development Rp6.02 trillion originates from conventional
period. banking segment. Realization of Subsidized
Mortgage significantly increased 51% from
Based on the latest ‘detik finance’ financial 2012, which consequently affected the credit
news per December 30, 2013, only 18 growth at 24% in 2013. With the largest
Indonesian banks are ready to commit and portion of Subsidized Mortgage realization in
participate in the government program in property credit banking industry, especially
home ownership financing disbursement Subsidized Mortgage, it exemplifies the
to the public in the midst of fluctuating realization of Bank BTN as the market leader
economical conditions in 2013. One of these in Subsidized Mortgage banking industry while
banks is Bank BTN, who is still fully committed simultaneously increasing asset portfolio and
to the disbursement of housing funding to the making Bank BTN one of the 10 Indonesian
public. banks with the biggest asset.

Financial
Performance Analysis
Financial Performance Analysis must be read as ended on said dates, in conformity with
in conjunction to the Financial Reports for Indonesian Financial Accounting Standards.
the years ended December 31, 2013 and The financial statements have been audited
2012 audited by Purwantono, Suherman & in accordance with auditing standards
Surja (a member of Ernst & Young) Public established by the Indonesian Institute of
Accounting Firm which is also presented in Certified Public Accountants. Additionally, we
this Annual Report and received fair opinion will also present analysis and discussion of
in all material respects of the financial position sharia business unit, which was established
of PT Bank Tabungan Negara (Persero) Tbk in 2004 and is an integral part of the financial
as of December 31, 2013 and 2012, as well performance of the Bank.
as the results of its operations and cash flow
Income Statement and

Comprehensive
Income Statement
Income Statement and Comprehensive
Income Statement can be viewed in the table,
as follows:
Table of Income Statement and Comprehensive Income Statement

2013 2012 Changes
In Rp Million %
Interest Income 10,392,786 8,481,318 23
Profit Sharing Sharia Revenus 390,091 337,261 16
Less: Interest and bonus expenses 5,129,554 4,091,760 25
Interest Income and Income from Profit Sharing – net 5,653,323 4,726,819 20
Other operating income 763,983 571,494 34
Less :
Operating expenses 3,849,042 3,213,561 20
Provision for impairment losses on financials and non-

430,289 212,624 102
financials assets
(Provision for) Reversal of estimated losses on

2,066 1,159 78
commitments and contingencies
Income from operation 2,135,909 1,870,969 14
Non operational income/(expenses) net 4,862 (7,767) -163
Income before taxes 2,140,771 1,863,202 15
Income tax expenses (578,610) (499,240) 16
Net income before extraordinary item 1,562,161 1,363,962 15
Net income 1,562,161 1,363,962 15
Comprehensive income - net after tax (119,104) (6,123) 1.845
Comprehensive income 1,443,057 1,357,839 6

Financial Analysis
As of December 31, 2012, the Bank managed However, the Bank net profit increase in 2013
to achieve a net profit of Rp1.56 trillion which was not as high as 2012. It was due to the
was 15% higher than the profit of the previous significant increase in BI Rate for the last three
year of Rp1.36 trillion. This increase was months of 2013, causing the management to
primarily due to the increase in net interest take measures to adjust credit interest rate
income which was 20% higher than in 2012. establishment in proportion to loan and/or
The increase in net interest income was deposit interest rates.
mainly caused by net effect of the increase in
conventional business unit’s interest income Consequently, net income margin decreased
of 23%, followed by a 25% interest expense from 5.83% in 2012 to 5.44% in 2013, even
increase in 2012. though stability was still maintained, with a net
interest margin above 5%.
Interest Income Table – Income (excluding Sharia)

2013 2012 Changes
In Rp Million %
Loans 9,605,046 7,900,961 22
Currrent accounts with Bank Indonesia 38

49,760 36,134
Current accounts with other banks 1,278 167 666
Placement with Bank Indonesia and other banks 189,917 195,406 -3
Securities purchased under resale agreement - 2,679 -100
Fair value through profit or loss
- Government bonds 33,044 2,478 1,233
- Securities 3,141 1,100 186
Available-for-sale
- Government bonds 299,227 227,018 32
- Securities 61,031 99 61,547
Held to maturity
- Government bonds 63,312 53,713 18
- Securities 87,030 61,564 41
Total Interest Income 10,392,786 8,481,318 23
The largest interest income was obtained acquired from loans constituted as the largest
from fund placement on housing loan contributor, to the amount of 92% from total
products (mortgage) and non-housing loan interest income or amounted to Rp9.61 trillion,
products and also fund placement on debt an increased by 22% from the previous year.
securities. Interest income in 2013 which was

2013 Interest Income Graph 2012 Interest Income Graph
0% 4% 0% 3%
2% 2%
0% 1% 0% 1%
0% 0%
Loans
Currrent accounts with Bank
Indonesia
Currrent accounts with other banks
Placement with Bank Indonesia and
other banks
Securities purchased under resale
agreement
92 % Government bonds 93 %
Securities
Interest Income from Loans the Bank achieved a net interest margin of
Interest income from loans was the largest 5.44%. Along with credit portfolio growth
contribution to the Bank’s income, an average in 2013 and consistent annual net interest
of 92-93% in 2012 and 2013. Interest income margin earnings, the interest income growth
was earned from calculation of loan interest from loan portfolio was 22% higher in 2013.
rate given to customers based on loan portfolio
outstanding. Loans/credit given to customers Subsidized Housing Loan
consisted of consumer and commercial loans Subsidized housing loan is home financing
which were adjusted by the financing demand offered to middle to lower communities with
characteristics submitted by the customers. a maximum monthly income of Rp3.5 million
Consumer loans consist of mortgage and up to Rp5.5 million. Subsidized housing loan
housing-related loans. Consumer loans consists of ’KPR BTN Sejahtera FLPP’ which
comprise of subsidized housing loans and is adjusted to the subsidy programs of the
non-subsidized housing loans. Commercial government.
loans consist of working capital loans,
investment loans and syndicated loans. As we know, Bank BTN is distinguished by
its role as a housing bank. Bank BTN is an
Average interest rate per annum for consumer intermediary between government funding
loans ranges from 5.00% to 25.20% and subsidy programs and home financing
5.70% to 25.50% respectively for years ended packages for middle to lower communities
December 31, 2013 and 2012. Average through subsidized housing loans. In 2012-
interest rate per annum for commercial loans 2013, subsidized housing loans interest rate
ranges from 3.25% to 22.00% and 2.50% had not changed, namely 7.25% per annum.
to 22.00%, respectively for years ended
December 31, 2013 and 2012 Non-Subsidized Housing Loan
This facility offers home financing at floating
Average interest rate is determined by types interest rate calculated from interest rate
of financing demands and the Bank’s source cost on the loan’s source of funding plus
of funding allocations by still adhering to net a determined margin based on the Bank’s
interest margin above 5% strategy. With such internal policy. This facility consists of ‘KPR
strategy, the Bank can maintain an annual net BTN Platinum’ and ‘KPA BTN’ for Apartment
interest margin above 5%, whereas in 2013, ownership.

Financial Analysis
In 2013, the normal interest rate for non- allocation in 2013, which were allocated more
subsidized housing loan was between 11.00% to Government Bonds whereas the portfolio
- 12.00% balance placement on Government Bonds
was 12% higher in 2013 compared to 2012,
Non-Housing Loans causing an increase of interest income from
The Bank always focuses on maintaining government bonds. Interest income from
stability of profitability where one of the government bonds continued to provide the
Bank’s strategies to achieve optimal profit second largest contribution to interest income,
is by product diversification to maintain to the amount of 4%, which in 2013 increased
consistent net interest margins. In addition to from 3% in 2012.
offering housing loans, Bank also grants non-
housing loans and commercial loans such Interest Income from Placements with
as: consumer loans for individual customers, Bank Indonesia and Other Banks and
working capital loans and investment loans for Securities
corporates, especially corporates performing
business in the housing industry. Apart from investment activities in Government
Bonds,the Bank, through treasury function
In 2013, the interest rate for non-housing also conducts investment and placement of
loans and commercial loans was between funds with certain financial instruments
9.00% - 15.00%. to generate interest income as one of the
realizations of management commitment
Interest Income from Government Bonds to maintaining the Bank’s liquidity. From its
portfolio, the Bank earns interest income from
Additionally, the Bank also implements placement of funds with Bank Indonesia and
effective fund management measures as an other banks and securities, calculated from the
alternative program to prevent liquidity risk balance of funds placed with Bank Indonesia
from the Bank’s funding that also can affect and other banks and securities, where the
the net interest margin level of the Bank. The income contributed to the third largest interest
fund management strategy is in the form of income of 3% in 2012 and 2013. The interest
investment in government bonds divided income increased 32% higher in 2013. The
into government bonds – fair value through increase was primarily driven by the increase
profit and loss, government bonds - held-to- in Bank Indonesia’s Certificates of Deposit
maturity, and government bonds - available (SBI) interest rate, as one of the impacts from
for sale, in which, the classification is based Bank Indonesia’s intervention to sustain the
on the nature of investment transactions in stability of Indonesian monetary condition
government bonds conducted by the Bank. which was fluctutated during the last quarter
of 2013.
In 2013, interest income obtained and
calculated from investment transactions in Income from Sharia Profit Sharing
government bonds amounted to Rp395.58 As with the conventional bank business
billion, an increase of 40% higher than 2012. segment, the growth of Sharia Business Unit
The increase was due to utilization of funds was partially due to sharia financing products
innovation which attracted more customers.

Sharia Profit Sharing Table – Net
2013 2012 Changes
In Rp Million %
Margin Murabahah iB 454,590 332,277 37
Profit Sharing Mudharabah 187,510 190,510 -2
Profit Sharing Musyarakah 116,702 70,986 64
Bonus Wadiah 3 5 -40
Others 116,070 90,212 29
Total Revenues 874,875 683,990 28
Less: Profit Sharing to investors (434,537) (292,708) 48
Other Operational Expenses 151,941 215,484 -29
Profit Sharing from Sharia (net) 288,397 175,798 64
Non Operasional Profit-loss (59,009) (35,777) 65
Current Year Profit-loss 229,388 140,021 64
Interest Expense – Cost of Revenues of deposit interest rates driven by the risen of
Interest expense increased 25% higher in Bank Indonesia’s interest rate from an average
2013, from the amount of Rp4.08 trillion in of 5.75% in the first quarter of 2013 to 7.50%
2012 to Rp5.12 trillion in 2013. This increase in the last quarter of 2013 as a result of Bank
was caused by the growth in total liabilities Indonesia’s intervention to maintain monetary
outstanding per 2013 and the rise of deposit stability which was fluctuated in the last quarter
interest rate driven by the increase of Bank of 2013. In this condition, interest expense
Indonesia interest rate. which was calculated from the balance of
liabilities and interest rate experienced a direct
The increase of total liabilities were in line with significant increased in 2013.
growth of bank assets, particularly loan growth
in 2013, total liabilities as source of funding for According to the source of the Bank’s funding,
the Bank, experienced significant increase of interest expense consist of the following table.
18% higher in 2013. Additionally, the increase
Interest Expense Table
2013 2012 Changes
In Rp Million %
Time Deposits 2,728,481 2,151,842 27
Securities issued 825,783 673,625 23
Savings deposits 721,244 507,929 42
Securities sold under repurchase agreements 157,259 159,189 -1
Fund borrowings 418,877 372,176 13
Demand Deposits 225,481 196,316 15
Deposits from other banks 38,062 19,526 95
Total Interest Expenses 5,115,187 4,080,603 25

Financial Analysis
Interest expense calculated from time from customers. Savings deposits and
deposits’ source of funding was the largest demand deposits are the second largest
contributor, accounted to 53% of interest funding source of the Bank after time deposits.
expense in 2013. This was in line with the
Bank’s source of funding characteristics The average interest rate of savings deposits
whereas the largest portion derived from increased from 0.00% - 4.00% in 2012 to
customers’ time deposits. 0.00% - 4.75% in 2013. The outstanding
balance of savings deposits experienced quite
Interest Expense for Time Deposits a significant increase of 13% higher, based on
According to Statement of Financial Position the statement of financial position (balance
as of December 31, 2013 and 2012, the sheet) as of 2013. Therefore, the significant
majority of the Bank’s funding came from time increase of savings deposits and the increase
deposits, which amounted to 40-41% of total of savings deposits interest rate had caused
assets in 2013 and 2012. As a result, interest the increase of interest expense in 2013 by
expense from time deposits was the largest 42% or rose from Rp507.93 billion in 2012 to
interest expense, which was also the largest Rp721.24 billion in 2013.
contribution to total cost of revenues in 2013
and 2012. The average interest rate on demand deposits
increased at the range of 0.00% - 6.00% in 2013
Interest expense from time deposits from 0.00% - 5.00% in 2012. Total demand
experienced an increase from Rp2.15 trillion in deposits per 2012 increased significantly by
2012 to Rp2.73 trillion in 2013 or an increase 44% in 2013. Similar with savings deposits,
of 27% higher. This increase was driven by the significant increase of demand deposits
the rise in time deposits portfolio balance from balance as well as the risen interest rate,
customers of 15% higher and an upsurge of the interest expense from demand deposits’
the average interest rate of time deposits in source of funding from customers significantly
2013. The average interest rate in 2012-2013 increased from Rp196.32 billion to Rp225.48
was as follows: billion or rose by 15% in 2013.
The average Interest Rate Table In line with funding source from savings
2013 2012 deposits and demand deposits which
Average interest
rates of: significantly contributed to the Bank’s asset
in percentage (%)
growth, interest expense from savings deposits
Time Deposits Rp: and demand deposits made significant
1 month 4.00 - 10.50 3.00 - 6.50 impact on overall amount of interest expense,
respectively by 14% and 4% in 2013.
3 months 3.50 - 10.00 4.00 - 6.50
6 months 4.00 - 10.25 4.00 - 6.50 Interest Expense for Securities Issued
12 months 4.25 - 10.25 2.75 - 6.75
Interest expense from securities issued rose
by 23% in 2013 primarily due to the increase
24 months 5.00 - 8.50 5.00 - 7.25 in the outstanding balance of securities issued
Time Deposits USD 0.05 0.05 in 2013, namely a higher increase by 24% of
portfolio balance. The increased of securities
portfolio was due to the issuance of Phase II
Interest Expense for Savings Deposits and BTN Shelf Registration Bonds I as of March 27,
Demand Deposits 2013 amounting to Rp2 trillion with an interest
Interest expense from savings deposits and rate of 7.90% per annum which significantly
demand deposits is the interest expense had an impact on the increase in the Bank’s
calculated from funding source in the forms liabilities and affected a risen interest expense
of savings deposits and/or demand deposits throughout 2013.

Interest expense calculated from securities This income growth was primarily driven
issued affected total cost of revenues by 16% by an increase in recognized income from
in 2013 which constituted the second largest administrative fees and penalties on deposits
contribution after interest expense calculated and loans granted as well as from increased
from deposits. income from written-off loans.
Interest Expense from Fund Borrowings Increased administration fees and penalties
Interest expense from fund borrowings was on deposits and loans granted by 11%
13% higher in 2013 due to a 5% increase in was influenced by loan growth of 24% and
fund borrowing outstanding in 2013. Increase deposits growth by 19% in 2013, and also
in outstanding fund borrowings was caused due to the increase in number of customers as
by fund borrowing drawdown from PT Sarana well as loan and deposit accounts, resulting in
Multigriya Financial (Limited) amounting to the increase of billing transaction frequency of
Rp500 billion in 2013. administration fee to customers.
Interest expense calculated from fund Income from written-off loans increased
borrowings contributed to total interest from Rp106.57 billion in 2012 to Rp191.43
expense in 2013 by 8%. billion in 2013. This increase was caused by
management’s initiative to improve under-
Other Operating Income performing loans quality to increase the
In 2013, other operating income increased Bank’s collector activities in following up the
34% higher than the amount attained in 2012. settlement of bad debts.
Table of Other Operating Income
2013 2012 Changes
In Rp Million %
Administration fees and penalties on deposits and loans 392,856 355,287 11
Gain on sale of government bonds – net 22,528 8,551 163
Gain on sale of securities – net 9,061 8,288 9
Unrealized gain on changes in fair value of securities-net 12,063 8,620 40
Unrealized gain on changes in fair value of Government

- 501 -100
Bonds-net
Income from recovery of loans written-off 191,429 106,570 80
Others 136,046 83,677 63
Total Other Operating Income 763,983 571,494 34

Financial Analysis
Operating Expenses impairment losses on productive and non

In 2013, operating expenses increased 25% productive assets by 102%, increase in salaries
higher than 2012. The increase was primarily and employee benefits by 8% and increase in
driven by an increase value in allowance for general and administrative expenses by 22%.
Operating Expenses Table
2013 2012 Changes
In Rp Million %
Provision for Impairment Losses on Financial and Non-

430,289 212,624 102
Financial assets
(Provision for) Reversal of Impairment Losses on

2,066 1,159 78
Commitments and Contingencies
Salaries and employee benefits 1,613,152 1,486,938 8
General and administrative 1,784,062 1,462,757 22
Premium on Government’s guarantee program 175,419 134,876 30
Unrealized losses and changes in the value of Government

138,689 - 100
bonds - neto
Others 137,720 128,990 7
Total Operating Expenses 4,281,397 3,427,344 25
In accordance with the purpose and goal of evidence that loans and receivables as
the establishment of the Bank in 1974, which well as held-to-maturity investments have
were to fulfill government programs in the depreciated in value. Loans and receivables
provision of housing loans for the middle to and held-to-maturity investments experience
low public, financially, the assets of the Bank value depreciation if there is objective
is largely dominated by loan and financing evidence that signifies adverse events which
facilities, particularly housing loans. In order had occurred after the initial recognition of the
to mitigate the risk of uncollectible loans and financial asset, and the events have an impact
in accordance with the applicable regulations, on future cash flow of financial assets which
the Bank is required to establish Allowance for can be estimated reliably.
Impairment Losses (CKPN).
In 2013, loans increased 24% higher than in
Starting from 1 January 2012, CKPN 2012. Based on loan collectibility analysis,
calculation was collectively assessed based 84% were current; 12% special mention
on historical loss experience. Historical loss and substandard loans, while the rest were
experience was adjusted using observable doubtful and non-performing loans. In 2013,
database to reflect the effects of current substandard loans and non-performing
conditions to the Bank and eliminating the loans increased from Rp2.98 billion in 2012
effects from the past that were no longer to Rp3.54 billion in 2013. Thus, as a form of
applicable to the current conditions. Financial commitment from management in mitigating
assets were categorized based on similar granted loan facility collectability risk, the Bank
credit risk characteristics, such as through the increased the estimated value of provision
consideration of loan segmentation as well as for impairment losses on productive and
past due debtor’s loan. non-productive assets which resulted in an
increased expense for Provision for Impairment
In every financial position statement date, the Losses on Productive and Non-Productive
Bank evaluates whether there is objective Assets by 102% higher compare to 2012.

The increase in salaries and employee benefits Income Tax
was driven by an increase in number of Based on the regulation on Income Tax No.
permanent employees from 6,048 employees 36/2008, the progressive tax rate was set
in 2012 to 6,869 employees in 2013. at 25% of the Company’s profit before tax.
Additionally, the Bank also increased the basic In 2013, the Bank achieved 14% higher
salary and employee benefits and distributed operating profit. After taking into account
bonus in 2013 based on performance which the non-operating income at the amount of
increased salary expenses. Rp4.86 billion, the Bank’s profit before tax was
16% higher compare to 2012. With the ruling
The increase in general and administrative of a proportional progressive tax rate at 25%
expenses was due to higher office maintenance from profit before tax, income tax expense for
and renovation costs following an addition of 2013 was proportionately 15% higher than the
64 branch offices in 2013. Furthermore, the income tax expense in 2012.
Bank added 100 ATMs in 2013 which also
resulted in increased repair and maintenance Net Profit
expenses during 2013. The addition of The increase in operating profit and the
branches and ATMs was conducted in order proportional increase in income tax expense
to improve banking network for the purpose has led to an increase in net profit. Net profit
of growth of assets and liabilities of the Bank. in 2013 amounted to Rp1.56 trillion, increased
by 15% than the net profit in 2012.
Aside from that, in 2013 the Bank used
professional services for operational activities Comprehensive Income
amounting to Rp15.15 billion recorded as Comprehensive income reported in the
general and administrative expenses. In comprehensive income statement of the Bank,
addition, in 2013 the Bank carried audit is derived from change in fair value of financial
cost for the preparation of Audited Financial assets classified as assets available for sale,
Statements as well as the Community based on implementation of PSAK No. 50 and
Developmentand Partnership Program (PKBL) 55. In 2013, the fair value of financial assets
Report for the period of December 31, 2013 decreased from Rp6.12 billion, which recorded
which amounted to Rp1.65 billion, included as net unrealized losses on change in value of
taxes and out of pocket expenses as part of marketable securities and government bonds
professional services. available for sale - net after tax, to the amount
of Rp119.10 billion, which was also recorded
Operating Profit as net unrealized losses on change in value of
In terms of performance as a whole, especially marketable securities and government bonds
with a significant increase in gross income, the available for sale - net after tax. As a result,
Bank achieved a 15% higher operating profit by calculating net profit for 2013, the Bank
in 2013. This means that even during the earned comprehensive income of Rp1.44
fluctuation of Indonesian monetary situation, trillion as of December 31, 2013, an increase
the Bank managed to maintain stability of of 6% from Rp1.36 trillion in 2012.
its net interest margin to reach above 5% to
achieve a 15% operating profit growth.

Financial Analysis
Statement of
Financial Position
ASSET portfolio in 2013. With the asset growth, the

In 2013, total assets increased significantly Bank managed to maintain its position as
by 17% from Rp111.75 billion in 2012 to one of the 10 largest banks by total assets in
Rp131.17billion in 2013. The increase was Indonesia in 2013.
primarily driven by an increase of 24% in loan
Assets Table
2013 2012 Changes
In Rp Million %
Cash 924,451 694,941 33
Current accounts with Bank Indonesia 9,858,758 7,297,835 35
Current accounts with other banks 400,215 161,993 147
Placements with BI and other banks - net 4,839,268 11,466,296 -58
Securities – net 4,201,682 1,013,796 314
Government Bonds – net 8,384,960 7,468,930 12
Loans – net 99,330,214 80,430,049 24
Deferred tax assets – net - - -
Premises and equipment – net 1,522,724 1,582,812 -4
Interest receivable 923,688 871,985 6
Other assets 783,770 759,956 3
Total assets 131,169,730 111,748,593 17
Loans
As has been previously described, Bank following is further explanation of the types
BTN was established to fulfill one of the of product financing facilities offered by the
Government programs as a financial institution Bank:
that provides financing assistance to middle
to lower community segments to meet the Subsidized Housing Loan
needs for housing, which is one of the primary Also known as ‘KPR BTN Sejahtera FLPP’,
needs of the people. Thus, the main products this financing facility is a loan program
that have become the Bank’s major business in partnership with the Ministry of Public
are financing products (loans), particularly Housing with low interest rates of 7.25% and
housing loans. The financing products (loans) repayment process in the form of light and
are reported financially in the statement of fixed installments throughout the period as
financial position as financial asset of the Bank agreed in the credit agreement.
in the account classification of “Loans”.
As of December 31, 2013, the position of BTN
The Bank financing products offered to Bank subsidized housing loans amounted to
customers consist of housing loans in the Rp27.26 trillion, a 10% increase than Rp24.80
form of subsidized housing loans and non- in 2012. The increase in total loan portfolio in
subsidized housing loans and non-housing 2013 was caused by the financing program
loans in the form of Consumer Loans, Working for simple basic housing (Rumah sangat
Capital Loans and Investment Loans. The sederhana) which was launch at the beginning

of 2013 that increased financing application business, such as housing contractors, and so
transaction for subsidized housing loan. forth. Meanwhile, investment loan is financing
packages to support investment activity of
The distribution of subsidized housing loans in business entities, particularly companies that
2013 affected the Bank’s loan growth by 27% conduct property business.
of total outstanding loans in 2013. The interest
rate on these loans was 7.25% in 2013 which Non-housing loans contributed 28% of the
affected interest income received in 2013. loan portfolio during 2013. Portfolio balance
amounted to Rp27.78 trillion, a significant
Non-Subsidized Housing Loan increase of 20% than 2012.
Non-subsidized housing loan consisting of
‘KPR BTN Platinum’ and ‘KPA BTN’. This Sharia Financing
is a housing finance package granted with In 2013, the position of Sharia Business Unit
a floating interest rate, adjusted to market financing of Rp8.08 trillion gave a contribution
conditions and the needs and characteristics of 8% of the Bank’s loan portfolio. This amount
of the customers. As of December 31, 2013, increased 35% higher than the position in
the position of Bank BTN’s non-subsidized 2012.
housing loans amounted to Rp36.95 trillion
which increased significantly by 36% from From the economic perspective, sharia
2012, amounting to Rp27.24 trillion. The business unit financing was dominated by
increase was caused by program innovations housing financing which gave a contribution of
of non-subsidized housing loans that attracted 63%, while non-housing financing contributed
and motivated the public to conduct non- 37% in 2013.
subsidized housing financing activities with
the Bank. The interest rate on non-subsidized As previously described, to minimize credit
housing loans ranges from 11.05% to 12.00% collectability risk, Bank conducted a loan
in 2013 which affected income growth collectibility analysis every financial position
significantly during 2013. period based on historical credit realization
and financial condition of our customers
Non Housing Loan in order to form Allowance for Impairment
Non Housing Loans include Consumer Loans, Losses (CKPN). Based on that analysis, as
Working Capital Loans and Investment Loans. of December 31, 2013, 85% of the financing
Working Capital Loan is financing packaged portfolio was current, 12% in the special
to support working capital turnover of entities, mention and substandard, while 3% were non
especially companies that conduct property performing loans.

Financial Analysis
Conventional and Sharia Loan Conventional and Sharia Loan

2013 Graph 2012 Graph
% Subsidized Mortgage
13 %
2 21
Non-Subsidized Mortgage
8%
31
%
12%
Housing Construction
Others
12%
47% 36 %
Based on that loan collectability analysis, treasury management in order to maintain

the Bank has established Allowance for Bank liquidity by allocating funds on some
Impairment Losses which was amounted more liquid financial instruments. We classify
to Rp1.13 trillion and was charged in the highly liquid assets as cash and cash
income statement to the amount of Rp430.29 equivalents that are comprised of:
billion and affecting the increase of provision
for impairment losses on financial and non- Cash
financial assets in the income statement Cash is cash funds provided by the teller or
in 2013. Management believes that the stored in the Automatic Teller Machine (ATM)
allowance formed was adequate to cover the for the Bank’s operational activities, such as
loss due to credit collectability risk. providing funds based on withdrawal requests
from the Bank’s depositors (customers), and
During 2013, net Non Performing Loan (NPL) other activities.
ratio has decreased from 3.12% in 2012 to
3.04% in 2013. This means that the risk of During 2013, cash increased 33% higher than
uncollectibles credit (credit risk) in 2013 is 2012. This increase was primarily due to an
lower than the credit risk in 2012 due to the increased activity at the Bank’s Branch Offices
focus and initiatives of the management to and ATM operations in 2013, which led to an
collect the uncollectibles in 2013 to generate increase in cash fund requirements. In 2013,
increase in income from recovery of written- the Bank had a total of 3 regional offices, 65
off loans, as evidenced by 80% increase in branch offices, 223 domestic branch offices,
income from recovery of loans written-off and 479 cash offices, 22 Sharia branch offices, 21
decrease non- performing loans portfolio. Sharia assistant branch offices, 7 Sharia cash
offices, 1,504 ATM’s across Indonesia, as well
Cash and Cash Equivalents as providing network access of more than
In addition to profitability, the Bank must 80,000 Link ATM, ATM Bersama and ATM
maintain liquidity conditions between assets Prima network.
and liabilities. The Bank has long optimized

Current Accounts In Bank Indonesia (BI) third parties throughout 2013 in the form of
On September 26, 2013, Bank Indonesia (BI) housing loan and short-term investment in the
issued regulation No.15/7/PBI/2013, to amend form of Certificate of Bank Indonesia in 2013.
the previous regulation in accordance with the Such action was part of the implementation of
Statutory Minimum Reserves Requirement effective measures to manage funds received,
(or GWM). This amendment stated that a in order to achieve profitability optimization and
change in the calculation of secondary GWM, the realization of management commitment in
which was 4% for Rupiah account balance, mitigating the Bank‘s liquidity risk.
was computed from the Third Party Funds in
Rupiah currency. Securities
During 2013, securities were increased
As a result to these changes, in order to by 314%, which is Rp4.20 trillion more
comply with the amendment, the Bank must compared to the balance in 2012 of Rp1.01
increase the fund placement to the current trillion. This increase occurred because the
accounts at Bank Indonesia, which affected Bank has made securities purchase in the
35% of the balance increase in 2013. form of Certificates of Bank Indonesia in
2012. Securities purchase was also part of
Current Accounts in Other Banks the implementation of effective measures to
Funds allocated in current account in other manage funds received, in order to achieve
bank aims to provide a more convenient way profitability optimization and the realization of
of carrying out the funds transfer/remittance/ management commitment in mitigating the
settlement of transactions between local Bank’s liquidity risk.
and/or international banks. Current account
fluctuations depend on the frequency of fund Premises and Equipment
transactions of funds provided by the client. Premises and equipment decreased by 4%
During 2013, current account in other banks lower than the balance in 2012. The decrease
had a 147% increase compared to the balance was due to lower capital expenditures
in 2012. throughout the year 2013. It was done as
a form of an efficiency strategy in order to
Placement With Bank Indonesia and Other minimize the solvency risk in the middle of a
Banks very turbulent monetary economy in 2013.
In 2013, placement with Bank Indonesia and Bank’s capital expenditures activity in 2013
other banks experienced a decline of 58% consisted of the increase in numbers of
lower than the balance reported in 2012. branch offices, an addition of 64 offices and
This decrease was caused by the Bank’s 100 ATM’s in 2013.
allocation of increased funds received from

Financial Analysis
Liability Table
Liability
2013 2012 Changes
In Rp Million %
Current liabilities 1,284,306 1,201,499 7
Deposits from Customers 96,207,622 80,667,983 19
Deposits from other banks 275,257 706,703 -61
Securities sold under repurchase agreement 2,652,730 2,335,000 14
Securities issued 8,836,711 7,136,776 24
Fund Borrowings 7,073,032 6,737,260 5
Interest payables 241,370 193,280 25
Deferred Tax Liabilities 152,777 459 239
Estimated losses on commitments and contingencies 6,469 4,403 47
Other liabilities 2,882,703 2,441,809 18
Total Liabilities 119,612,977 101,469,722 18
2013 Liabilities Composition 2012 Liabilities Composition
6% Deposit from customers 2%

2% 7%
7% Deposit from other banks
Securities sold under 7%
0% 2%
repurchase agreement
Securities issued
Fund borrowing
80 79
% %
Deposits from Customers Composition 2013 Deposits from Customers Composition 2012
Demand Deposits
5% 19 5% 16 %
% Wadiah Current account
Savings
1%
1% Wadiah and
Mudharabah Savings
Time deposits
Mudharabah Time
deposits
50%
26 %
51 %
24 %
1% 1%

Liabilities • Savings consisted of: “Tabungan
Higher asset growth by 17% was supported BTN Batara”; “Tabungan BTN Prima”;
by the increase in liabilities as a source of “Tabungan BTN Haji”; “Tabungan Batara
asset funding at a level of 18% higher than iB”; “Tabungan BTN Haji iB”, “Tabungan
in 2013. The increase came from third party BTN Prima iB”; “TabunganKuiB” which
deposits, growth by 19%; issuance of new was also managed in the conventional
securities throughout 2013 that grew by 24%, banking business segment and Sharia
and additional fund borrowings which were Business Unit segment. In 2013, the Bank
increased by 5% in 2013. received customer deposits from savings
amounted to Rp23.38 trillion, which
Deposits from Customers increased by 12% higher than the balance
Deposits from customers are funds placed on reported in 2012. This increase was due
the Bank by the customers. These savings to the increase in customer accounts in
consist of demand deposits, savings and time 2013, which increased the frequency of
deposits presented based on the deposits’ transactions using the savings account
liquidity level, depending on the deposits and increased balance in the savings
product offered. Deposits from customers or account as of December 31, 2013.
third party deposits were the biggest funding During 2013, the Bank also had a savings
contributor, which was approximately 80% of balance managed by Sharia Business
total liabilities throughout 2013. Aligned with Unit in the amount of Rp854.45 billion or
the loan increase in 2013, third party deposits equivalent to 4% of the total savings in
balance had an increase from Rp80.67 2013. Savings balance in Sharia Business
trillion by 2012 to Rp96.21 trillion in 2013, or Unit experienced an improvement of 29%
equivalent to a 19% increase in 2013. higher than the balance per 2012.
During the year 2013, customer deposits • Time Deposits consisting of: “Deposito
products offered were as follow: BTN”; “Deposito BTN Karya”; “Deposito BTN
• Demand deposits (giro), ranging from: iB” which was also managed in conventional
“Giro BTN “; “Giro BTN Karya”; “Giro banking and Sharia Business Unit.
BTN iB”; “BTN Giro Prima iB” which was
managed in the conventional banking In 2013, the Bank received deposits from
business segment and Sharia Business customers in the form of time deposits
Unit segment. In 2013, the Bank received in the amount of Rp48.27 trillion, which
customer deposits in the form of demand increased significantly as high as 16%
deposits facility in the amount of Rp17.96 than the balance in 2012. This increase
trillion, which had a slight improvement was due to management actions that
of 44% from demand deposits balance focused on asset growth through funding
in 2013. During 2013, the Bank also had sources growth with a more definite period
“Giro Wadiah” balance, which was demand with the aim of reducing the mismatched
deposits managed in Sharia Business Unit period with assets. In 2013, the Bank also
in the amount of Rp1.16 trillion, or 6% reported time deposits balance managed
of total demand deposits in 2013. This in Sharia Business Unit in the amount of
amount increased significantly as high as Rp4.58 trillion rupiah, or 6% of the total
52 % compared to 2012. deposits in 2012.

Financial Analysis
“Deposito Batara iB” is the largest funding Net proceeds from the bonds issued were
source for Sharia Business Unit assets. In used as a funding source for loans/financing.
line with the growth in Sharia Business Unit The rights of holders are paripassu without
assets, “Deposito Batara iB” had an increase preferential rights with the rights of other
of 6% higher than the balance per 2013. creditors both present and in the future,
except for the rights of creditors of the
Overall, the contribution of customer’s Bank that are specifically guaranteed by the
deposits in the form of time deposits gave the wealth of the Bank both existing and in the
biggest contribution at 55% of the total third future. The Bonds are not secured by special
party funds in 2013. warranty, but guaranteed by the whole assets
of the Bank, both movable and immovable
Deposits from Other Banks goods, those in existence and will exist in the
In order to ease the process of fund transfer/ future serve as collateral for the holders of the
remittance/settlement between the local and/ bonds.
or international banks, the Bank has put funds
in other banks, which were reported as current Fund Borrowings
accounts with other banks in asset section. On Bank BTN has been appointed as the
the contrary, other banks will place their funds coordinator Bank for program distribution of
in the Bank that will be reported as Deposits Simple Housing Loans (KPR-RS) and Very
from Other Banks as part of liabilities. The Simple Basic Housing Loans (KPR-RSS). The
account/balance fluctuation is dependent on State-Owned Companies (BUMN) which are
the frequency of transactions of funds made appointed as Coordinator Banks in the Loan
by the customers. During 2013, the deposits Channeling Program are also appointed to
from other banks decreased insignificantly by receive the transfer of KLBI under the loan
61% lower than the balance in 2012. program for those unused and still outstanding
and approved but not yet drawn based on
Securities Sold Under Bank Indonesia Regulation No. 2/3/PBI/2000
Repurchased Agreements dated February 1, 2000 as amended by Bank
Alternative funding sources other than Indonesia Regulation No. 5/20/PBI/2003
deposits are securities sold under repurchase dated September 17, 2003 concerning the
agreements. In 2013, this liability was “Transfer of Management of KLBI within the
increased by 14% from the balance in 2012. Framework of Credit Program”. Even though
This increase was due to the additional the Bank was appointed as coordinator
securities sold under repurchase agreements, for channeling loans, it also participates in
which was owned by Standard Chartered the program as an executor bank. Fund
Bank in the amount of Rp315.2 billion, which borrowings consist of financial support from
was effectively sold on November, 28 2013. Bank Indonesia in the form of Bank Loan
Channeling and Credit Liquidity Facility with
Securities Issued an average interest rate of 3-9% per annum to
During 2013, the Bank issued Phase II-2013 fund subsidized housing loans (KPR Subsidi)
Bank BTN Shelf Bonds I which was issued on offered to customers.
March 27, 2013 in the amount of Rp2 trillion
with 7.90% interest per annum. The impact Other sources of funding as part of fund
of issuing new bond was the increased of borrowings, namely: Bank BTN has given
this liability by 24% more than in 2013. The guarantee in the form of its housing loans
contribution of funds from securities issued to PT. Sarana Multigriya Finansial (Persero).
was 7% of the total liabilities in 2013. This account consist of Loan Facility VI, V,

and IV, Term Purchase Program and financing During 2013, the outstanding balance of
obtained from PT SMF which was aimed at fund borrowing of Bank BTN experienced an
financing housing loans to the debtors of the increase of 5% from Rp6.74 trillion in 2012
Bank. Loan ceiling for Loan Facility VI, V and to Rp7.07 trillion in 2013. This increase was
IV respectively was Rp500,000 with the loan caused by the net effect of additional loan from
term for Facilities VI, V and IV was 60 months, PT Sarana Multigriya Finansial amounting to
120 months and 60 months which dues fall on Rp500 billion through purchase program per
December 14, 2017, June 20, 2022, and June 20 June 2013 and the settlement of borrowing
4, 2013 respectively. Loan ceiling for Term from Bank Mutiara which has matured on 20
Purchase Program Phase I, II, and III each was April 2013 at the amount of Rp150 billion.
Rp500,000 due on June 20, 2013, May 20,
2014, and March 2, 2017. In 2013, total equity increased by 12% higher,
driven primarily by the 2% growth of capital
On April 20, 2013, the Bank has settled fund stock and 13% premium stock growth, which
borrowing from Bank Mutiara in the amount derived from the execution of stock options of
of Rp150 billion. The borrowing facility was Rp 104.21 billion that has been fully paid, and
provided by Bank Mutiara with the purpose to profit growth of 15%. To execute the stock
finance the housing loans (KPR) of the Bank’s options, the Bank has issued 208,413,000
debtor with a fixed interest rate of 7.75% for ordinary shares of series B Capital Stock with
two years. Additionally, the Bank also received nominal value of Rp500 (full Rupiah) per share.
a loan facility from Bank BCA devoted to With the addition of new shares from stock
financing the Home Ownership Credit (KPR) options and net profit growth, the equity has
to the debtor of the Bank. Ceiling loan amount increased by 12% higher in 2013.
was Rp2 trillion with an interest rate of 7.50
% per year.
Equity
2013 2012 Changes
In Rp Million %
Capital stock 5,282,427 5,178,220 2
Additional Paid in Capital – net 2,025,764 1,793,503 13
Stock option 10,600 103,054 -90
Unrealized gain(loss) on available for sale securities and

(90,046) 29,058 -410
government bonds – net
Appropriated Retained Earnings 2,765,847 1,811,074 53
Retained Earnings 1,562,161 1,363,962 15
Total Equity 11,556,753 10,278,871 12

Financial Analysis
Capital Structures
Table of capital structures

2013 2012
Capital Structures of Bank:
Liabilities
Ekuitas 91 92
Aktiva 9 8
Assets 100 100
In 2012, Bank assets were financed by 92% capital, retained earnings (including retained
from liabilities and 8% from equity. While in earnings reserved for specific purposes), and
2013 Bank assets were financed by 91% impairment losses on financial instruments
from liabilities and 9% from equity. In line with available for sale.
the role of Bank BTN’s existence to support
government programs to meet the needs Supplementary Capital
for housing, the Bank has acted as financial (maximum 100% of core capital)
channel between the government, investors Supplementary capital refers to bank capital
and the public. The government and investors which consists of: provision for revaluation
channel funding which was recorded as of premises and equipment, allowance for
liabilities and equity while the Bank channels impairment losses on productive assets,
funding in the form of financing products, loans subordination, and increase in value of
which are allocated to housing in particular, financial instruments available for sale.
as the Bank’s asset portfolio. Furthermore, in
order to reduce the mismatch period between Additional Supplementary Capital
assets as the utilization of funds with the Allocated in Anticipation of Market Risk
sources of funds itself, the Bank has been In 2013 and 2012, core capital and
funding the majority of its assets in the form of supplementary capital of the Bank amounted
liabilities with a fixed period, such as deposits Rp10.58 trillion and Rp9.43 trillion repectively.
from customers in the form of time deposits. The Bank does not have additional capital
allocated to anticipate market risk. At the
In accordance with Bank Indonesia Regulation, end of 2013, the capital increased due to
Bank capital consists of: additional capital derived from the issuance of
MESOP I phase 5 and 6, MESOP II phase 3
Core Capital and 4, and MESOP III phase 1 and 2 which
Core capital is capital of the bank that consists resulted in a 5% increase in stock capital and
of: paid-up capital, reserves expressed 15% increase in net income.
as: contribution capital, additional paid-up

Banking Financial
Ratios in Relation
to Solvency and
Collectability,Liquidity,
and Profitability
Table of Financial Ratios

2013 2012 Changes
Capital Adequacy Ratio 15.62% 17.69% -2%
Non Performing Loan Ratio 3.04% 3.12% 1%
Loan to Deposits Ratio 104.42% 100.90% 4%
Net Interest Margin (%) 5.44% 5.83% -1%
Operating Expenses to Operating Income ratio (%) 82.19% 80.74% 2%
Return on Assets (%) 1.79% 1.94% -1%
Return on Equity (%) 16.05% 18.23% -2%
The following are banking financial ratios impairment losses from uncollectible loans.
for measuring solvency, collectibility and With the decline of non-performing loan ratio,
profitability of the Bank. the Bank has exhibited dedicated effort and
focus on collectability to reduce the number of
Solvency and Collectibility non-performing loans of the Bank.
Capital Adequacy Ratio
This ratio declined 2% lower than the previous As a result, in 2013, the Bank received an
year. The decrease was caused by the increase in previously written-off loans, as
decrease of additional equities which were seen from the statement of income where
only came from stock options execution and income from previously written-off loans had
net profit increase, while earning assets grew increased by 80%. With such conditions,
significantly which were supported by the the Bank’s credit collectability risk in 2013
increase of liabilities from customers’ deposit. experienced a decline or became lower.
Nevertheless, the Bank’s capital adequacy
ratio was still above the minimal ratio set by As the impact, the Bank received the increase
BI. of collection from the loans, previously written-
off, as presented in the statement of income
In accordance with BI regulation, the minimum which increase the income for loans written-
Capital Adequacy Ratio set by BI is 8%. With off by 80%. With this condition, in 2013, the
the Bank’s capital adequacy ratio of 15.62%, Bank has good collectibility management and
the capital structure of the Bank has the credit risk is lower.
capability to compensate market risk, credit
risk and operational risk as those ratios are Liquidity:
higher than the minimum capital adequacy Loan to Deposit Ratio
ratio set by BI and the capital structure of the This ratio increased by 4% compared to the
Bank has met BI Regulation. This means that previous year due to the higher increase in
the Bank has managed well its capital and loans which was in the asset side more than
has sufficient capital to protect itself against the third party deposits increase as source
solvency risk. of funds in 2013. Loans increased by 24% in
2012 while third party deposits rose by 19%
Non-Performing Loan (NPL) Ratio and in 2013. The Bank’s LDR ratio remains above
Collectability Management the minimum average of 69.55% which was
NPL ratio decreased from 3.12% in 2012 to set by the Government. Thereby, the Bank has
3.04% in 2013. To cover possible losses due met and complied with the liquidity standard
to uncollectible loans and productive assets, which was set by Bank Indonesia in order to
the Bank has always been performing aging mitigate liquidity risk for banks.
analysis of assets and calculating provision for

Financial Analysis
Profitability: Operating Expense to Operating Income Ratio

Net Interest Margin This ratio decreased by 2% in 2012. The
Net interest income margin declined from insignificant fluctuation was caused by the
5.83% in 2012 to 5.44% in 2013. The decline characteristics of management actions that
was due to the deposits interest rate which remained the same and committed to maintain
spiked significantly as an effect of the rise efficient operations of the Bank.
of BI Rate in the last quarter of 2013, which
affected the interest expense increase as cost Return on Assets
of revenues. This ratio decreased from 1.94% in 2012 to
1.79% in 2013. The decline was caused by
The increase was due to the intervention of the significant asset increased in 2013 by 17%
Indonesian monetary policy, which fluctuated while net profit only increased by 15%.
during the last quarter of 2013. Nevertheless,
the Bank still had loans interest and optimum Conclusion:
investment funds allocation strategies so the With good solvency conditions, lower
Bank could maintain the net interest income credit risks and consistent profitability at
margin to remain above 5%. the predetermined target level as well as
the capability to grow the Bank’s portfolio,
With the Bank’s success in maintaining the Bank BTN financial performance in 2013 has
net interest income margin, the Bank still had shown effective capability for future business
excellent profitability with the capability to operational sustainability with optimum level
develop the Bank’s equity portfolio position. of capital return.
Capital Expenditure and

Material Commitments
Related to Capital
Expenditure
The Bank is committed to providing facilities provide ease for customers in performing
and infrastructure to support the functions and financial transactions with the Bank as well
the role of the Bank as a financial institution as secure and reliable integrated facilties and
for the community. In addition, facilities and infrastructure to enhance the credibility of the
infrastructureare are critical for improving Bank in the community.
the quality of service by the Bank in the
implementation and realization of increased Throughout 2013, the Bank has established
number of bank customers and ultimately to 3 Regional Offices, 65 Branch Offices, 223
achieve asset growth. The developmentof Sub-branch Offices and 479 Cash Offices, 22
facilities and infrastructure means regional Sharia Branch Offices, 21 Sharia Sub-branch
offices, branch offices and cash offices that Offices, 7 Sharia Cash Offices, 1504 ATM
are comfortable and qualified for customers units, 2922 Online Post Office for expansion
as well as ATMs and online post offices to purposes of the Bank’s service network in

Indonesia. Subsequently, since 2013, the
Bank has made capital expenditures to create
Bank BTN network as follows:
Bank BTN Network Development Table

Office Network 2011 2012 2013
Regional Office 2 3 3
Branch Office 65 65 65
Sub-Branch Office 218 223 223
Cash Outlet 316 415 479
Sharis Branch Office 21 22 22
Sharia Sub-Branch Office 18 21 21
Kantor Kas Syariah 7 7
Total Office Network 640 756 820
ATM Machine 1,181 1,404 1,504
Online Post Office 2,738 2,922 2,922
Following is the financially detailed description of fixed asset expansion:

2013 2012 Changes
In Rp Million %
Land 1,525 5,140 -70
Buildings 83,019 41,956 98
Offices furnitures, fixtures and motor vehicles 153,544 326,979 -53
Construction in progress 28,535 31,760 -10
Total Capital Expenditures 266,623 405,835 -34
Cash disbursement for Capital Expenditures 219,359 352,262 -38
For 2014, the Bank has targeted an Funding sources for capital expenditure come
improvement of Bank BTN network for 65 from surplus income of operating activities
offices and 536 electronic banking network to by the Bank. All transactions are conducted
achieve the target and sustainable expansion in Rupiah currency so that the Bank does
in the upcoming year. not face any foreign exchange risk in making
capital expenditure transactions.

Financial Analysis
Cash Flow
Throughout 2013, Bank BTN did not make any

material binding in the context of investment in
capital goods.
Statement of Cash Flows

2013 2012 Changes
In Rp Million %
Net cash flow from operational activities (3,295,676) 1,844,938 -279
Net cash flow from investing activities (259,036) (383,668) -32
Net cash flow from financing activities 2,185,910 2,175,751 -1
Net cash flow (1,368,802) 3,637,021 -138
The upsurge of BI Rate in the last quarter of rate at 7.9% per annum. During 2013, this
2013 caused an increase in deposits interest facility has shown its effectiveness to finance
which resulted in management policy to the operational activities and served as other
decrease funding sources from customer alternative funding besides deposits whereas
deposits. Therefore, as was previously the interest rates of deposits increased
elaborated, the loans increase in 2013 was significantly that year.
not fully supported by an increase in savings.
As a result, in 2013, the cashflow from In 2013, cash flow for capital expenditures
operating activities experienced a deficit of were lower than 2012 due to the construction
Rp3.30 trillion or a decline of 279% from the process of fixed assets so there were no bill
cash inflow in 2012. settlement for fixed asset purchase. Therefore,
the net cash flow for capital expenditures were
Cash flows from financing activities tended lower than 2012.
to be stable between 2013 and 2012 when
on both years, the Bank received funding Based on 2013 statement of cash flow, it can
from issued securities, in the forms of BTN be concluded that throughout 2013, the Bank
Shelf Bonds Phase I and II, at an average increased its loans portfolio through the cash
of Rp2 trillion which were utilized to finance inflow from deposits and issuance of Shelf
loans on those years. These facilities were a Bonds Bank in the financing activities. As a
supporting facilities used in order to lessen result, the cash inflow decreased at IDR1.37
interest fluctuation risks as well as cost of trillion that caused oustanding balance of
revenues efficiency due to the fixed interest cash and cash equivalent was lower in 2013.

Commitments and
Contingencies
Table of Commitments and Contingencies

2013 2012 Changes
In Rp Million %
Commitment
Commitment payables consist of:
Unused loan facility commitments 9,495,098 7,738,191 23
Others 132 7 1,786
Commitments (net) 9,495,230 7,738,198 23
Contingencies
Contingent receivables consist of:
Interest income on non-performing assets 825,313 536,362 54
Guarantees received 501,940 239,486 110
Others 450,900 344,515 31
Total contingent receivables 1,778,153 1,120,363 59
Contingent payables consist of:
Guarantees issued 447,230 421,744 6
Contingencies (net) 1,335,923 698,619 91
Commitments and contingencies are or liabilities probability that may occur as a

administrative accounts arising from loan result of several events related to loans and
transactions. Commitment refers to a acceptances transactions in the Bank. In
commitment to provide financing of financial 2013, commitments were increased by 23%
instruments that resulted in the recognition and contingencies were increased as much
of assets and/or liabilities for certain as 91% as a result of a 24% increase in the
periods. Contingencies are an asset and/ growth of loan transactions during 2013.

Financial Analysis
Information on Material
Transactions Involving Conflict
of Interests and/or Transactions
Involving Related Parties
Information on material transactions involving In performing its business, the Bank provided
conflict of interests can be seen in the report several transaction with related parties. Those
of GCG, presented in this annual report. In transaction provided with the same term and
addition, the transaction with the related condition as it was done with third parties
parties represent the core employees that (arm lenght’s transaction), except for the
have related ownership or direct/indirect transaction granted to the key employees.
influence with the Bank.
Descriptions Related Parties Type of Relationships Scope Term
Mudharabah Financing PT Sarana Multigriya Ownership by the SMF provides Valid for a period of 5
Contract dated Finansial (Persero) Government Mudharabah (five) years since the
November 5, 2009, financing facility to the signing of the date of
No.045/AKAD/ SMF- Company amounting disbursement of funds
Perseroan/ XI/2009 to Rp200 billion for
working capital of the
Company specifically
for Financing iB
Housing Loans (“KPR
Perseroan iB”)
Cooperation State Minister for Part of the Central Provision of funding 5 years until August
agreement with the People’s Housing as Government facilities to meet 24, 2016
Advisory Board Daily Head of the Civil the needs of home
for Civil Servants Servants Housing purchase down
Housing Savings Savings Advisory payment with housing
on PNS Taperum Board (“Bapertarum”) loan facility for Civil
Fund Disbursement Servants
for down payment
assistance and
assisting part
construction costs for
Civil Servants No.100/
PKS/DIR/2011 dated
August 24, 2011
Cooperation State Minister for Port of the Central Provision of cash Until the entire Pum-
Agreement of Flat People’s Housing as Government advance loan facility Sarusun has matured
Ownership Loan Daily Head of the Civil for flat loans (Pum- and the Pum-Sarusun
Advances for Civil Servants Housing Sarusun) for use funds have been
Servants No.07/ Savings Advisory to assist advances returned
PKS/ DIR/2008 dated Board (“Bapertarum”) of home purchase
January 30, 2008 both with subsidized
and non-subsidized
housing loan

Cooperation State Minister for Port of the Central Provision of cash Until the entire Pum-
Agreement on Housing People’s Housing as Government advance loan for flats Sarusun has matured
Ownership Loan Daily Head of the Civil loan (Pum-mortgage) and the Pum-Sarusun
Advances (PUM-KPR) Servants Housing based on sharia funds have been
Base on Sharia for Civil Savings Advisory principles to assist returned
Servants No.57/PKS/ Board (“Bapertarum”) with advances for
DIR/2006 dated July subsidized and non-
24, 2006 subsidized housing
loan facilities
Cooperation PT Asuransi Jasa Port of the Central Cooperation in regards Valid for two years
Agreement between Indonesia (Persero) Government with secured Bank since March 18, 2013
PT Asuransi Jasa Guarantee
Indonesia (Persero)
and PT Bank
Tabungan Negara
(Persero) Tbk. NO.
014/AJI/III/2013 and
NO.12/PKS/DIR/2013
dated on March 18,
2013
Cooperation PT Asuransi Kredit Port of the Central Insurance and Secured Valid for two years
Agreement between Indonesia (ASKRINDO) Government Cash and Non-Cash since July 17, 2013
PT Asuransi Kredit Loan
Indonesia (ASKRINDO)
and PT Bank
Tabungan Negara
(Persero) Tbk
NO.003/MOU/
ASK/DIR/VII/2013
dan No.021/MOU/
DIR/2013 dated on
July 17, 2013
Cooperation Ministry of Finance Port of the Central Cooperation in regards Valid for three years
Agreement for Service Government of selling “Surat since the signing date
Selling Agency in Berharga Syariah
Issuance and Selling of Negara Ritel (Sukuk
Securities of “Syariah Negara Ritel)” at local
Negara Ritel (Sukuk initial market for the
Negara Ritel)” at local year of 2014
initial market for the
year of 2014 dated
on January 10, 2014,
PRJ-01/PPK.SR/2014

Financial Analysis
Cooperation PT. Asuransi Jiwasraya Port of the Central Cooperation for Valid for three years
Agreement of Government Marketing Insurance since the signing date
Bancassurance dated Product
on May 20, 2013, 27/
PKS/DIR/2013, 117.
SJ.U.0513
Notary Act of PT. Sarana Multigriya Port of the Central SMF provided Valid for five years
Financing Mudharabah Finansial (Persero) Government financing facilities since the date of
No: 032/AKAD/SMF- of Mudharabah to withdrawal (Desember
BTNS/XII/2013 dated Bank at the amount 23, 2013 to Desember
on December 23, of IDR230 billion for 23, 2014)
2013 working capital of
housing loan ("KPR
Perseroan iB")
Operational Port of Central Port of the Central Subsidized funding Valid for one year
Cooperation House Financing of Government distribution in relation between January 1,
Agreement Indonesian Minister of with Sharia house 2013 to December 31,
No. 08/SK.9/ Housing financing (KPR 2013
HK.02.04/01/2013 Sejahtera Syariah)
and No. 02/PKS/
DIR/2013 dated
on January 16,
2013 stated about
Subsidized Funding
Distribution through
“Fasilitas Likuiditas
Pembiayaan
Perumahan (FLPP)” in
relation with housing
procurement through
Sharia wealth house
financing

Operational Port of Central Port of the Central Subsidized funding Valid for one year
Cooperation House Financing of Government distribution in relation between January 1,
Agreement Indonesian Minister of with Sharia house 2014 to December 31,
No. 23/SK.9/ Housing financing (KPR 2014
HK.02.04/12/2013 Sejahtera Syariah)
and No. 76/PKS/
DIR/2013 dated
on December 30,
2013 stated about
Subsidized Funding
Distribution through
“Fasilitas Likuiditas
Pembiayaan
Perumahan (FLPP)” in
relation with housing
procurement through
Sharia wealth house
financing
Cooperation Yayasan Kesejahteraan Port of the Central Implementation of Valid for five years
Agreement No. 26/ Pendidikan dan Government Facilities “Bantuan since the signing date
PKS/DIR/2010 and Perumahan (YKPP) Uang Muka (BUM)” and extendable as
No. 01/PERUM/YKPP/ to active member agreed
IV/2010 dated on of ASABRI and the
April 7, 2010 stated pension member of
about Implementation Kemenhan, TNI dan
of Housing Loans Polri who propose
(KPR) Distribution housing loan (KPR) to
Through “Bantuan the Bank
Uang Muka (BUM)”
for membership of
ASABRI and the
pension member
of “Kemenhan-TNI-
POLRI”
Cooperation PT. Jamsostek Port of the Central To provide facility of Valid since November
Agreement No. (Persero) Government “Pinjaman Uang Muka 1, 2012 to December
PER/99/042013 and Perumahan Kerjasama 31, 2013
No. 20/PKS/DIR/09 Bank (PUMP-KB)” for
dated on April 1, 2013 the membership of
that stated about Jamsostek program
“Pinjaman Uang Muka who propose housing
Perumahan Kerjasama loan (KPR) to the Bank
Bank”

Financial Analysis
Cooperation PT. Asuransi Kredit Port of the Central To provide insurance Valid for 1 year, since
Agreement No. 28/ Indonesia (Persero) Government for KPR Sejahtera April 1, 2013 to April
PKS/ASK/DIR/III/2013 distributed to low 1, 2014
and No. 17/PKS/ income customers.
DIR/2013 dated on
March 28, 2013 that
mentioned about
Insurance for “KPR
Sejahtera”
Cooperation Perum Jaminan Kredit Port of the Central Security of Loans Valid for five years
Agreement No. 07/ Indonesia Government for “Kredit Usaha since February 12,
Jamkrindo/II/2010 Rakyat” provided 2010 and automatically
and No. 11/ADD/PKS/ for Micro, Small and extend for the same
DIR/2010 dated on Medium Enterprise term and condition
February 24, 2010 and Cooperation and
that mentioned about Linkage Organization
Security of Loans
for Micro, Small and
Medium Enterprise and
Cooperation
Cooperation Perum Jaminan Kredit Port of the Central Security of (Kafalah) Valid for three years
Agreement No. 52/ Indonesia Government General Financing since approval and
Jamkrindo/VII/2013 (“Modal Kerja BTN iB” able to extend as
and No. 43/PKS/ and “Investasi BTN agreed
DIR/VII/2013 dated iB”) issued by Sharia
on July 11, 2013 that business unit of Bank
mentioned about BTN
Security of (Kafalah)
General Financing
(“Modal Kerja BTN iB”
and “Investasi BTN iB”)
Cooperation Indonesian Ministry of Port of the Central Management of “Biaya Valid for four years
Agreement No. Dj.VII/ Religious Affairs Government Penyelenggaraan since January 2, 2014
Hj.03/5384/2014 and Ibadah Haji (BPIH)”. to January 2, 2018
No. 02/PKS/DIR/2014 Procedures of
that mentioned Beginning Installment,
about Receipt and Settlement and
Disbursement of “Biaya Refund of BPIH for
Penyelenggaraan cancellation, and data
Ibadah Haji (BPIH)” reconciliation and
internal control

Cooperation PT. Bank Mandiri Port of the Central Cooperation of fund Valid for one year since
Agreement for Mandiri (Persero) Tbk Government transfer service directly October 2, 2013 and
USD Settlement in USD Currency automatically extend
dated on October 2, with the same term
2013 No TFS.FCS/ and condition for the
DFI.2267/2013 next years
Cooperation PT Taspen (Persero) Port of the Central Cooperation to Valid for two years
Agreement for Pension Government distribute pension fund from July 22, 2013 to
Distribution through through Bank BTN July 21, 2015
Bank accounts, dated Account
on Juli 19, 2013, No.
JAN-18/DIR/2013, No.
48/PKS/DIR/13
Cooperation PT Asabri (Persero) Port of the Central Cooperation to Valid for two years
agreement for pension Government distribute pension fund since November 25,
distribution for member through Bank BTN 2013 and able to
of TNI, Polri and PNS Account extend as agreed
Kemhan/Polri through
Bank accounts, dated
on November 25,
2013, No. SPKS/25-
AS/XI/2013, No. 65/
PKS/DIR/2013
Cooperation PT Perusahaan Gas Port of the Central Cooperation to receive Valid for three years
Agreement to provide Negara (Persero) Tbk Government and provide settlement since date of approval
facility to receive and for Gas Utilities bill, on August 6, 2012 dan
pay Gas Utilities Bill, by using Host to Host extendable as agreed.
by using Host to Host, application facilities.
dated on Agustus 6,
2012, No. 022900.PK/
HK.02/KEU/2012, No.
34/PKS/DIR/2012
Cooperation PT. Bank Mandiri Port of the Central Cooperation of fund Valid for one year since
agreement for Mandiri (Persero) Tbk Government transfer service directly October 2, 2013 and
USD Direct Settlement in USD Currency automatically extend
dated on October 2, with the same term
2013 No TFS.FCS/ and condition for the
DFI.2267/2013 next years

Financial Analysis
Lead Agreement PT Sarana Multigriya Port of the Central SMF provides loans Lead Agreement that
for Sale Purchase Finansial (Persero) Government facilities to the Bank valid for Repo KPR
Bill Transaction of at the amount of II for term of 3 years,
Selected Housing IDR500,000,157,366 since June 1, 2011
Loans (KPR) No.022/ in regards with housing to May 20, 2014 and
PIJB/SMF-BTN/ loans refinancing Repo KPR III for 5
VI/2010 dated on June years, since March
23, 2010 SMF provides loans 2, 2012 to February
facilities to the Bank 20, 2017, and Extent
at the amount of Repo KPR SMF in the
IDR500,000,167,937 year of 2010 (Repo
in regards with housing KPR SMF V), valid for
loans refinancing 3 years, since June
27, 2013 to June 20,
SMF provides loans 2016 and probable to
facilities to the Bank cooperate for Repo
at the amount of KPR in the future
IDR500,013,077,090
in regards with housing
loans refinancing
Loan Agreement PT Sarana Multigriya Port of the Central SMF provides loans Valid for 10 years,
between PT SMF Finansial (Persero) Government to the Bank at the since June 29, 2012 to
(Persero) to PT Bank amount of IDR500 June 20, 2022
BTN (Persero) Tbk for billion in regards
Housing Loan (KPR) with housing loans
financing No.016/PP/ refinancing
SMF-BTN/VI/2012
dated on Juni 29,
2012
Loan Agreement PT Sarana Multigriya Port of the Central SMF provides loans Valid for 5 years, since
between PT SMF Finansial (Persero) Government to the Bank at the December 14, 2012 to
(Persero) to PT Bank amount of IDR500 December 14, 2017
SMF-BTN/XII/2012
dated on December
14, 2013

between PT SMF Finansial (Persero) Government to the Bank at the June 24, 2013 to
(Persero) to PT Bank amount of IDR500 June 20, 2018
SMF-BTN/VI/2013
dated on Juni 24,
2013
between PT SMF Finansial (Persero) Government to the Bank at the September 30, 2013
(Persero) to PT Bank amount of IDR500 to September 30,
BTN (Persero) Tbk for billion in regards 2014
SMF-BTN/IX/2013
dated on September
30, 2013
Cooperation PT Telekomunikasi Port of the Central Cooperation in regards Valid for five years
Agreement for Indonesia Tbk Government with implementation since the date
implementation of of service for of signing and
Delima Application, Remmitance and automatically
dated on September Electronic Money extendable unless it
5, 2012, No K.TEL. (e-Money) through is ended or provided
5051/HK.810/ENT- application of DELIMA extention with different
00/2012 ; No 42/PKS/ periods, as agreed.
DIR/2012
Cooperation Directorate General of Organization of The scope of work Valid since July 1,
Agreement for banking Treasury Government consist of: 2013 and ended six
services of Foreign a. Provide and months after fully
Exchange Bank maintain IT system operated the State
for Perception in for MPN in purpose Revenues System
relation with Treasury of supporting the using billing system at
Single Account (TSA) effectiveness of the latest on June 30,
implementation dated state revenues 2015.
on June 28, 2013, No b. Daily reconciliation
PRJ-10/PB/2013; No with MPN
40/PKS/DIR/2013 c. Provide centralized
state revenues
through billing
system at the latest
of six months after
fully operated the
State Revenues
System by using
billing system

Financial Analysis
Cooperation PT Pos Indonesia Port of the Central Scope of agreement Valid since March 25,
Agreement between (Persero), Tbk Government consist of : 2013 and ended in two
PT Pos Indonesia a. Implementation years after the signing
(Persero) with PT Bank saving of date and automatically
Tabungan Negara e’BATARAPOS and exctendable otherwise
(Persero), Tbk stated saving of Bank BTN is ended as agreed
about Saving Services, Cermat that consist
Product, and Banking of :
service at Post Office - Opening account
- Closing account
- Deposits
- Withdrawal
- Transfer and
overbooking
b. Implementation of
settlement for:
- installment and
housing loans
penalties
- SPP Online as
agreed by parties
- Demand
Depostis, Saving
BTN Batara,
Saving BTN
Prima, Saving
BTN Juara dan
Saving BTN
Junior
c. Other banking
products such as:
housing loans
d. form, leaflet/
brochures, ATM
distribution, for
customers at UPT
SOPP

Cooperation PT PLN (Persero) Tbk Port of the Central Scope of cooperation Valid since October
Agreement between Government is the receive of 17, 2011 to October
PT PLN (PERSERO) electricity settlement 31, 2014, with
with PT Bank through on-line system acknowledgment to
Tabungan Negara using connected ended, as agreed.
(Persero) Tbk about network, that consist
centralized settlement of electricity settlement
of electricity bills transaction and other
dated on February settlement transaction
22, 2010 No 076. by on-line.
PJ/040/DIR/2010; No
06/DIR/PKS/2010 ;
Amended Cooperation
Agreement between
PT PLN (PERSERO)
with PT Bank
Tabungan Negara
(Persero) Tbk about
centralized settlement
of electricity bills
dated on October 17,
2011 No 384.PJ/040/
DIR/2011 ; No 30/
ADD/PKS/DIR/2011

Impact of Interest
Financial Analysis
Rate
Changes on Net Interest
Income Margin or/and
Operating Income
of the Bank
As previously described, Indonesian monetary interest margin decrease led to less increase
conditions in the last quarter of 2013 of operating income of the Bank in 2013
experienced a very turbulent fluctuation which compared to 2012.
caused an increase in BI Rate to 7.50%.
This significant increase caused an increase Therefore, Indonesian monetary condition
in loans and deposits interests in 2013. The affected the establishment of BI Rate which
average interest rate throughout 2013 was in was one of the intervention measures of BI to
the range of 7.25% - 15% for loans and 0%- sustain the stability of Indonesian economy.
10.50% for deposits. BI Rate is an indicator of interest rate
establishment of the Bank and furthermore
The higher increase in deposits interest rate as the basis for the establishment of strategic
than loans interest rate caused a decrease measures of the Bank. Consequently,
in net interest margin in 2013. The net appropriate interest rate policy and strategy
interest margin decreased from 5.83% in of the Bank have an impact on operational
2012 to 5.44% in 2013. Furthermore, the net income of the relevant year.
Information and
Material Facts After
the Date of the Public
Accounting Firm Report
There have been no information and material BTN during 2013 after the date of the public
facts that occurred in the operations of Bank accounting firm report.
Dividends and
Dividend Policy
In essence, the dividend policy of Bank BTN • The decision to pay dividends is dependent
can be presented as follows: on earnings, financial and liquidity conditions,
• Payment of a minimum of 25% cash compliance with laws and regulations and
dividends of net income each year, which other factors deemed relevant by the Board
amount will be decided by the AGMS based of Directors of Bank BTN after obtaining the
on recommendations from the Directors. approval from the AGMS.

In 2012, according to the decision of the AGMS Meanwhile, in 2013, in accordance with
on April 19, 2012, Bank BTN implemented the decisions set out in the Annual General
several dividend policies, as follows: Meeting of Shareholders on March 27, 2013,
• Distribute cash dividend of Rp223.73 billion. Bank BTN implemented several dividend
The cash dividend is calculated based on policies, as follows:
achievement of financial performance during • Distribute cash dividend of Rp409.19
2011. billion. The cash dividend is calculated
• Dividend of Rp25.31per share. based on achievement of financial
• Payout ratio 20%. performance for the year 2012.
• Dividend of Rp38.74 per share.
• Payout ratio 30%.
Realization
of the Use of Proceeds
from Public Offering
The report on the use of proceeds from these
public offerings is as follows:
Date Description Amount (IDR) Use of Proceeds

IPO Proceeds 1,888,234,882,515 -
Cost of IPO 68,580,713,165 -

17-Dec-09
Net Proceeds IPO 1,819,654,169,350 -
Realization until
1,271,656,210,000 Loan Disbursement
December 31, 2009
Remaining Proceeds 547,997,959,350 -

31-Dec-09
Realization until
547,997,959,350 Loan Disbursement
February 24, 2010
31-Dec-10 Remaining Proceeds - -
In 2012 and 2013, Bank BTN performed Bank BTN Shelf Bonds I of 2012 and Limited
corporate conducts after public offerings, Public Offering I (PUT I) with Preemptive Rights
namely the issuance of Phase II Bank BTN (HMETD) or Rights Issue.
Shelf Bonds of 2013, issuance of Phase I

Financial Analysis
Material Information
Concerning Investment,
Expansion, Divestment,
Debt/Equity Restructuring
In 2013, Bank BTN did not make any

investment (stock participation), expansion,
restructuring of debts or equity.
Changes in Laws
and Regulations of
Significant Influence
Changes in laws and regulations that have a fulfilled the compliance standard to the
significant effect on the Bank”s performance regulation. Therefore, the increase of
were as follows: current accounts with Bank Indonesia was
• On September 26, 2013, Bank Indonesia an effect of the Minimum Mandatory Giro
(BI) issued Regulation No 15/7/PBI/2013 to regulation amendment established by BI
amend the previous regulation in reference in order to preserve the compliance of the
to Minimum Statutory Reverses (GWM). The Bank to BI regulations and to maintain the
amendment states that: Bank’s liquidity.
» The secondary GWM increases by
4% from average portfolio balance of • In accordance to the Bank Indonesia
deposits from customers. Regulation No. 15/12/PBI/2013 dated
» Certificates of Bank Indonesia can be December 12, 2013, the Bank must provide
categorized as GWM. a minimum core capital (Tier 1) of 6% (six
percent) from Risk Weighted Average of
The impact of the changes in the GWM and Earned Assets (ATMR) and a minimum of
LDR regulations in 2013 was the initiatives 4.5% (four point five percent) Common
of management to increase the placement Equity Tier 1 from Risk Weighted Average
of fund in the current accounts with Bank of Earned Assets calculated as single
Indonesia. In 2013, the Bank has provided entity or consolidated with the Subsidiary.
additional fund for current accounts The regulation came into effect in 2014.
with Bank Indonesia which increased The regulation has not significantly come
the balance by 35%. Consequently, the into effect in the 2013 financial statement.
secondary GWM ratio in 2013 became However, management has taken certain
9.29% which signified that the Bank has measures to comply with the BI Regulation.

Changes in
Accounting Policy
Any financial transaction that occurred In 2013, there have been no significant
in the Bank always generates financial accounting policy changes with impacts on
information to be presented infinancial the Bank’s financial statement presentation.
statements. Therefore, in order to achieve Therefore, accounting policy changes in 2013
financial reporting information results that still followed the impact of accounting policy
are comparative to other entities, the changes in 2012.
Bank must comply with prevailing effective
standards, which have been set out in the The following are changes in effective
Financial Accounting Standards issued by accounting policy that have been implemented
the Indonesian Institute of Accountants (IAI). for financial reporting since 2012, in regards to
Thus, if such standards have been revised by the measurement and presentation of financial
IAI, which of course were done to achieve a information of Bank BTN:
better form of reporting, it is the obligation of
the Bank to follow and obey such changes in Financial Assets and Liabilities
order to implement compliance function and Effective from January 1, 2012, the Bank
meet compliance standards for the Bank. adopted PSAK No. 50 (Revision 2010),
“Financial Instruments: Presentation”,
The following is a program conducted by PSAKNo. 55 (Revision 2011), “Financial
management in order to realize the compliance Instruments: Recognition and Measurement“,
function and meet compliance standards for and PSAK No. 60, “Financial Instruments:
the Bank: Disclosures“ in replacement of PSAK No.
Remarks
First Step Second Step Third Step Fourth Step
2008 – 2009 Beginning 2009-2010 Beginning 2010 – 2012 Continuing 2012-etc
Preparation and Implementation and Implementation & Safe
Infrastructures Analyzing transaction Guarding
Reconciliation between SFAS Analyze all of significant Completing of development Fully Comply starting January
and IFRS transaction that had material for system and running new 1, 2012
impact application system
Identify significant impact Policy and Procedure New Policy and Procedure implementation for the
to the Bank Revision Revision calculation of provision for
losses of impairment value
in accordance with SFAS 50
and 55
Review impacts of application Preparing HR through internal Continually and

on Financial Statement, training, workshop & seminar comprehensively evaluate the
Organizational Structure, IT, impacts of SFAS application
and HR
Review system Parallel simulation with

implementation approach system development
gradually
Procurement of technical Prepare pro forma financial

consultant and system statement in accordance with
SFAS 50 & 55 (2006 revision)
Prepare HR through internal

training, workshop, and
seminar
Data Gap Analysis & Data

Feeding

Financial Analysis
50 (Revision 2006), “Financial Instruments: liabilities of the Bank consist of immediate

Presentation and Disclosure“, and PSAK No. liabilities, deposits from customers, deposits
55 (Revision 2006), “Financial Instruments: from other banks, securities issued and fund
Recognition and Measurement“. borrowings, securities sold under repurchase
agreements, interest payable and other
PSAK No. 50 (Revision 2010) contains liabilities (guarantee deposits and developer
presentation requirements of financial warranty).
instruments and identification of information
that must be disclosed. The presentation The impact of the implementation of PSAK on
requirements is implemented on the the 2013 and 2012 financial statements is as
classification of financial instruments, from follows:
the perspective of the issuer on financial
assets, financial liabilities and equity Classification of Financial Assets and
instruments; classifications related to interest Liabilities
rates, dividends, losses and gains, and the The Bank classifies its financial assets by
circumstances in which financial assets category as follows:
and financial liabilities will offset each other. • Financial assets are classified in the form of
PSAK requires disclosures, among other loans/receivables; investment groups and
things, information about factors that affect placements classified as held for trading;
the amount, timing and certainty of future held-to-maturity, and/or available for sale,
cash flows of an entity related to financial which are adjusted to placement and
instruments and accounting policies applied investment transaction characteristics.
to the instruments. • Financial liabilities are classified in the form
of liabilities held for trading and held-to-
PSAK No. 55 (Revision 2011) has established maturity.
the principles for recognition and measurement • With the change in the classification of
of financial assets, financial liabilities and financial assets and liabilities, the Bank’s
contracts on purchase or sale of non-financial financial statements as of December 31,
items. This PSAK provides definitions and 2012 experienced changes in presentation
characteristics of derivatives, the categories of financial assets and liabilities.
of each financial instrument, recognition and
measurement, accounting value hedging and Measurement of Financial Assets and
determination of value hedging relationships. Liabilities
Financial assets and liabilities were initially
PSAK No. 60 requires significant disclosures measured at fair value. Interest income and
of each financial instrument for financial expense on financial assets and liabilities
position and financial performance, as well arising in the process of measurement based
as the nature and extent of risks arising from on PSAK were recognized in the statement of
financial instruments faced by the Bankduring comprehensive income.
the period and at the end of the reporting
period, and how the company has managed Allowance for impairment losses on
those risks. financial assets
Prior to January 1, 2012, the Bank implemented
The implementation of this new PSAK has a Bank Indonesia Circular Letter No. 11/33/
significant impact on disclosures in financial DPNP dated December 8, 2009, namely, the
statements. The Bank’s financial assets Bank determined allowance for impairment
consist of cash, current account with Bank losses collectively by referring to the
Indonesia, current accounts with other banks, establishment of general reserves and special
placements with Bank Indonesia and other reserves in accordance with Bank Indonesia
banks, securities, government bonds, loans regulation concerning the assessment of asset
and Sharia receivables, interest receivable and quality for commercial banks. In this regard,
other assets (bills on other parties). Financial for Bank BTN, the collective allowance for

loans and receivables classified into special cash flows of the financial assets since the
mention, substandard, doubtful and non- initial measurement, although the decrease
performing was calculated after deducting the cannot be identified to the individual financial
value of collateral allowed in accordance with assets in the portfolio, including:
Bank Indonesia Regulations. The calculation » adverse changes in the payment status
of allowance for impairment losses was based of borrowers in the portfolio; and
on carrying value (amortized cost). » National or local economic condition
related to defaults on the assets in the
Starting January 1, 2012, the calculation of portfolio.
allowance for impairment losses on financial
assets was assessed collectively based on The estimated period between the occurrence
historical loss experience. Historical loss of events and identification of loss were
experience was adjusted using the basic data determined by management for every
that can be observed to reflect effects of current identified portfolio. Generally, the period varies
conditions on the Bank and eliminate the effects between 3 (three) and 12 (twelve) months and
of the past which are no longer applicable at this for specific cases, it may need longer period.
time. Financial assets were grouped based on The Bank first assessed whether objective
the same characteristics of credit risk, such as evidence of impairment exists individually
by taking into account segmentation of loans for financial assets that were individually
and outstanding debtors. significant, or collectively for financial assets
that are not individually significant. If the Bank
At each statement of financial position date the determined that no objective evidence of
Bank assesses whether there was objective impairment exists for an individually assessed
evidence that the loans and receivable and financial asset, whether significant or not,
held-to-maturity investments were impaired. it includes the asset in a group of financial
Loans and receivable and held-to-maturity assets with similar credit risk characteristics
investments were impaired when there was and collectively assesses them for impairment.
objective evidence that a loss event has
occurred after the initial recognition of the By using a new method of allowance,
asset, and that the loss event has an impact the Bank is more accurate in making
on the future cash flows of the asset that can allowance for impairment losses on possible
be estimated reliably. uncollectibility of financial assets. Therefore,
the level of provision for impairment losses
The criteria used by the Bank to determine on financial assets carried in the statement
objective evidence of impairment were as of comprehensive income depends on the
follows: characteristics of historical financial asset
• significant financial difficulties by the issuer quality of the Bank. The more productive
or debtor; financial asset quality the lower is provision for
• breach of contract, like defaults or deferred impairment losses on financial assets.
principal or interest payments;
• the creditor, for economic or legal reasons Premises and Equipment
relating to the financial difficulties of the Starting January 1, 2012, ISAK No. 25, “Land
debtor, provides relief (concession) to the Rights” determined that the cost for legal
debtor that the creditor would not otherwise rights over land in the form of Leasehold
consider; (“HGU”), Right to Building Use (“HGB”) and
• it becomes probable that the debtor will Right to Use (“HP”) when the land was first
enter into bankruptcy or other financial acquired is recognized as part of the cost of
reorganization; land under “Premises and Equipment” and
• the loss of an active market for that financial was not amortized. Therefore, in 2012, the
asset due to financial difficulties; or amortization expenses on procurement fees
• observable data has indicated that there was
measurable decrease in the estimated future

Financial Analysis
of land decreased with the establishment of term leave, bonuses and other non-monetary
ISAK No. 25, effective in the Bank’s financial benefits were recognized during the period
statement per 2012. of service rendered. Short-term employee
benefits were calculated at an amount not
Employee Benefits discounted. With the existence of provisions
Effective January 1, 2012, the Bank that regulate short-term employee benefit
implemented PSAK No. 24 (Revision 2010), transactions, employee salaries and welfare
“Employee Benefits”, which set out the were also included in short-term employee
accounting and disclosure on employee benefits which of course raise expenses for
benefits, either short-term (eg paid annual salaries and employee benefits during 2012.
leave, paid sick leave) and long-term (eg,
paid long leave, post-employment medical
benefits). Short-term employee benefits
such as wages, social security dues, short-
Comparison of
Projections with Results
Achieved
Volatile monetary economy changes whereas In general, Bank BTN’s financial performance
BI rate increased significantly to become 7.50% compared to the projected Annual Company
has caused adjustment of level interest rate Work Plan and Budget (RKAP) in 2013 did not
which impact to the decrease of net interest fully achieved the net profit and loans target
margin during 2013. As the result, the net in 2013 whereas the realization was averagely
profit of Bank BTN was 5% lower than target lower by the range of 3%-5% from target.
set in 2013, namely the actual net profit was at However, the variance was not significant that
IDR1.56 trillion which was lower than the target we need to consider the volatile economy
at IDR1.61 trillion. In the statement of financial condition and significant increase of interest
position, Bank BTN has successfully increased rate. Therefore, it can be said that Bank
its customers whereas Bank has achieved asset BTN successfully achieved stable financial
position at the amount of IDR131.17 trillion in performance in 2013 and the potential for
2013. However, this position was 3% lower than future growth and further achievements.
the target assets per 2013 at the amount of
IDR135.91 trillion.
Comparison Projection Vs Results

Actual in 2013 Projection 2013 Achivement
In Rp Million %
Statement of profit and loss
Interest Revenues 10,783 11,299 95
Net interest revenues 5,653 5,730 99
Net profit after tax 1,562 1,605 97
Statement of financial position
Total Assets 131,169 135,913 97
Total Liabilities 119,613 124,310 96
Total Equity 11,556 11,603 100

Financial Targets for 2014
In general, Bank BTN has prepared targets to • Capital is targeted to grow 12% -15% higher
be achieved in 2014 which consist of: than 2013. Bank BTN has also determined
• Interest income in 2014 is targeted to a minimum dividend policy of 25% of net
increase 23% -25% over 2013 earnings. income per year, the amount of which will be
• Net Income in 2014 is targeted to increase determined at the AGMS.
23%-29% higher than 2013 net Income.
• Total assets in 2014 to be 15%-20% The manajement and Bank BTN are committed
higher than 2013 results. As in 2013, this to achieving asset growth with the 2014
increase will largely come from increase in target, which will ultimately result in business
loans. This will be implemented in order to growth of the Bank, so that Bank BTN can
achieve total assets and raise the rating of achieve success with its vision and mission in
Bank BTN in the 10 banks with the largest financing subsidized housing loans offered to
assets in Indonesia. its customers.

Financial Analysis
Financial Impacts of
Activities and Certification
of Environment
As we had elaborated in Sustainability Report management decided not to allocate net profit
for 2013, Bank BTN is fully committed and for Partnership and Community Development
actively participating in improving community Program but to form a reserve fund from the
welfare through excellent business practice fiscal year of 2013 for a Corporate Social
and contributing a part of company resources. Responsibility Program which amount will be
The realization of that commitment is adjusted to the needs and capabilities of the
reflected in the Partnership and Community company.
Development Program. (PKBL).
From financial overview perspective, the
In order to implement efficient and effective allocation of retained earning was presented
programs, by way of financial impact, as part of Bank’s equities, as shown in the
management allocates funds for Partnership presentation and disclosures of financial
and Community Development Program statement as of December 31, 2013 and
based on the operational performance of 2012. In addition, Bank has provided the
the particular year. Based on the Annual estimate budget for professional fees to ensure
General Meeting (AGMS) held on April 19, reasonable assurance the report of Partnership
2012, shareholders approved to allocate and Community Development Program, which
the retained earning achieved from 2011 net was blended in one package of audit fee to
profit at the amount of IDR16.78 billion and provide audited financial statement as of
IDR22.37 billion respectively, for Partnership December 31, 2013 and 2012. The fees were
and Community Development Program. amounting to IDR1.65 billion, which reported
In 2013, based on the the Annual General as part of professional fees and classified as
Meeting (AGMS) held on March 27, 2013, general and administrative expenses in the
year of 2013.

Chapter 6
Shareholders
Information
176 Shareholders Information
178 Composition of Shareholders
179 Share Listing Chronology
180 Investor Relations Activities in 2013
181 Shareholding Programs
183 Corporate Structure
Shareholders
Information
Transparent
Informative
Direct Indirect
Public Expose, Annual Report
Non Deal Road Shows, Method Publication of
Investor Conference Financial Report
1-On-1 Meetings Website
Group Meetings Activity Media
Branch Visits Press Release
Site Visits Emails
Credible
Information Disclosure

Shareholders Information
Bank BTN actively organizes meeting forums with

analysts and investors, through public exposure
to ensure that transparency of information can be
properly implemented
Methods and Practices of Bank • The Bank and the Board of Directors and
BTN’s Information Disclosure employees shall provide information to
hold on the precautionary principle with
Bank BTN actively organizes meeting forums attention to confidentiality provisions
with analysts and investors, through public prevailing in the banking sector.
exposure to ensure that transparency of • Communication with the Capital Markets
information can be properly implemented.The Community and the Investors Community
method used is as follows: uses the one door policy.
• Direct, including: Public Expose, Non Deal Since the publicly listing of its shares on the
Road Show, Press Conferences, 1-on-1 Indonesia Stock Exchange, Bank BTN has
Meetings, Group Meetings, Branch Visits recorded good performance improvement.
and Site Visits This is evident from the IPO oversubscription
• Indirect, including: Annual Report, Financial by 2.04 times, awarded Best Mid Cap IPO
Report, Website, Media, Conference Calls Deal of the Year 2009 in South East Asia
and Emails. and Best IPO in Indonesia (The Asset Asian
Awards) for 2009. Bank BTN also processed
Basic principles used by Bank BTN are: a rights issue in 2012. Bank BTN shares have
been included as components for calculation
• Disclosure of information is done reasonably of the index of several leading Stocks, namely:
(fair disclosure information) with due regard
to the principle of equality (equitable • LQ 45 Index
treatment) and transparency. • Kompas 100 Index
• Bisnis 27 Index

Composition of Stock
Ownership
The State of the Republic of Indonesia merger, fusion and take over as well as
possesses one Dwiwarna A series Share with dissolution and liquidation of the Company.
special voting rights. Dwiwarna Share has
the rights and restrictions similar to Common On December 31, 2013, the State of the
Stock except that it is not transferable, have Republic of Indonesia has 6,353,999,999
privileges in terms of changes in capital, Common Shares and one Dwiwarna series
appointment and termination of members A Share with special voting rights, so that the
of the Board of Directors and Board of ownership of shares amounted to 60.14%.
Commissioners, the Articles of Association,
Number of
Shareholders Total Shares %
Investors
Republic of
1 6,354,000,000 60.14%
Indonesia
Individuals 6,831 337,040,077 3.19%
Employees 2,115 138,543,000 1.31%
Koperasi 1 6,500,000 0.06%
Foundations 13 11,647,478 0.11%

Local
Pension Fund 139 204,286,547 1.93%
Insurance 30 206,413,130 1.95%
Private Companies 71 350,306,183 3.32%
Mutual Funds 54 263,448,374 2.49%
Local Sub Total 9,255 7,872,184,789 74.51%
Individuals 22 3,731,000 0.04%

Foreign
Corporations 186 2,688,937,711 25.45%
Foreign Sub Total 208 2,692,668,711 25.49%
Total 9,463 10,564,853,500 100.00%

Share Listing
Chronology
Stock History
Nominal Capital Issued and Fully Paid

Total Shares
Period Description Share Value
Issued Total Shares Nominal Value (Rp)
(Rp)
Prior to IPO 6,354,000,000 3,177,000,000,000
December 17, Initial Public Reguler Share
500 2,360,057,000 8,714,057,000 4,357,028,500,000
2009 Offering B Series
Feb 4 - Mar 17, Realization Reguler Share
500 95,015,000 8,809,072,000 4,404,536,000,000
2011 of MESOP Program B Series
Oct 4 - Nov 14, Realization Reguler Share
500 26,898,500 8,835,970,500 4,417,985,250,000
500 2,544,500 8,838,515,000 4,419,257,500,000
May 1 - Jun 11, Realization Reguler Share
500 5,068,000 8,843,583,000 4,421,791,500,000
Nov 23 - Dec 6, First Limited Reguler Share
500 1,512,857,500 10,356,440,500 5,178,220,250,000
2012 Public Offering B Series
500 206,420,500 10,562,861,000 5,281,430,500,000
Jul 1 - Aug 16, Realization Reguler Share
500 1,992,500 10,564,853,500 5,282,426,750,000
Shares of Bank BTN are listed at the Indonesia Stock Exchange.
Recorded Shareholders Who Have More Than

5% Equity per December 31, 2013
Composition of Shareholders per December 31, 2013
Name Number of Shares % Shares
Republic of Indonesia 6,354,000,000 60.14%
GIC S/A Government of Singapore 541,719,968 5.13%
Shareholding of the Board of Commissioners and the Board of Directors

as of December 31, 2013
Name Position Number of Shares % Shares

Mardiasmo President Commissioner - -
Dwijanti Tjahjaningsih Commissioner - -
Sahala Lumban Gaol * Commissioner – Independent 543,500 0.0051
Agung Kuswandono Commissioner - -
Amanah Abdulkadir Commissioner – Independent - -
Maulana Ibrahim Commissioner – Independent - -
Board of Directors
Maryono President Director 98,500 0.0009
Evi Firmansyah ** Director 3,500,000 0.0331
Irman Alvian Zahiruddin Director 4,922,650 0.0466
Saut Pardede ** Director 3,571,500 0.0338
Mas Guntur Dwi S. *** Director 520,000 0.0049
Poernomo *** Director 523,500 0.0050
Mansyur S. Nasution Director 375,000 0.0035
* Assigned as Independent Commissioner will become effective upon approval from Financial Services Authority.
** Based on the decision letter of Bank Indonesia No. 15/43/DPB1/PB1-5/Confidential dated December 6, 2013, stating that Mr. Evi FIrmansyah and Mr. Saut Pardede could
not act as the Bank’s members of Board of Directors, since December 6, 2013.
*** Based on the decision letter of Bank Indonesia No. 15/43/DPB1/PB1-5/Confidential dated December 6, 2013, stating that Mr. Mas Guntur Dwi S. and Mr. Poernomo as
members of Board of Directors.

Investor Relations
Activities in 2013
Bank BTN continues to build proper In addition to these activities, Bank BTN
relationships with investors, analysts and actively organizes other activities such
other capital market communities through as meeting the media, media review and
organizing regular activities such as promotion through the media.
meetings with analysts/investors nationally
and internationally as well as exposure of The Company has granted the widest possible
performance to the public. Bank BTN also access to the general public and investors to
conveys matters relating to Indonesian obtain information via the Company’s website
capital market regulations such financial www.btn.co.id. This website contains current
statements, annual reports, reports on certain information such as corporate actions,
shareholders and public exposure. financial statements and company guidance
(quarterly), presentation materials to the public
Throughout the year 2013, Bank BTN and news clippings about Company news.
organized various activities on disclosure of
information as follows:
Public Expose
Investor Summit & Capital Market Expo 2013, 27 Nov, Jakarta
Analyst Meeting
FY 2012, 27 Feb 1Q 2013, 18 Apr 2Q 2013, 23 Jul 3Q 2013, 28 Oct
Jakarta Jakarta Jakarta Jakarta
Investor Conference
DBS Vickers Securities UBS Indonesia Conference CIMB Indonesia Corporate Danareksa CEO Days
Indonesia Corporate Day 5-6 Mar Days 14-5 Sep
18 Feb Jakarta 4-5 Jul Jakarta
Jakarta Bali
Barclays – Mandiri Sekuritas Indonesia Corporate Day DB Access Indonesia Morgan Stanley – 12th
30 Sep-1 Oct Conference 2013 Asia Pacific Summit
London 2-3 Oct 13-15 Nov
Jakarta Singapore
Roadshow
Non-Deal Roadshow Non-Deal Roadshow Non-Deal Roadshow
29-30 Apr 2-3 May 13-17 May
Kuala Lumpur Singapore USA
Non-Deal Roadshow Non-Deal Roadshow Roadshow
20-21 May 23-24 May 24-28 Jun
Hong Kong Tokyo Eropa
GMS
AGMS, 27 Mar, Jakarta

Shareholding
Program
Bank BTN has also implemented the Share • MESA Program stock purchase discounts
holding Program for Management and are borne by the Bank.
Employees. The main objective of this program • Shares purchased in the MESA Program
is so that management and employees of cannot be sold within a period of 6 (six)
Bank BTN have a sense of belonging and months from the date of recording
are expected to increase labor productivity of Company’s shares on the Stock Exchange.
each employee which in turn will also improve
overall corporate performance and encourage Management & Employee Stock Option
increased corporate value that can be enjoyed Plan/Program
by the stakeholders of Bank BTN. The Share Based on the Extraordinary Shareholders
holding Program for Bank BTN Management Meeting Resolution Deed of Bank BTN No.
and Employees consists of: 7 dated October 12, 2009 made by Fathiah
Helmi, SH, Notary in Jakarta, the shareholders
Management and Employee Stock approved the Management & Employee Stock
Allocation Program Option Plan/Program (MESOP).
Based on the Extraordinary Shareholders
Meeting Resolution Deed of Bank BTN No. The MESOP program is granting stock
7 dated October 12, 2009 made by Fathiah purchase option rights to program
Helmi, SH, Notary in Jakarta, has been participants to purchase new shares to be
approved the Management and Employee excluded from the portfolio of Bank BTN, as
Stock Allocation (MESA) Program with the much as 4% of Bank BTN issued and paid-
following conditions: up capital, after Initial Public Offering to be
conducted in accordance with BAPEPAM
• MESA Program participants consist of all Regulation No.IX.D.4. The mechanism for
Bank BTN permanent employees included MESOP implementation will be carried out in
in the list of employees of Bank BTN as of accordance with Indonesia Stock Exchange
September 30, 2009, the entire members Regulation No.1.A which will be reported later.
of the Board of Directors, Board of The party in charge of the MESOP program is
Commissioners, Sharia Supervisory Board, the Board of Directors under the supervision
Secretary of the Board of Commissioners of the Board of Commissioners and will be
and committee members, except the reported in the GMS.
Independent Commissioner and members
of the Audit Committee, who were still The implementation of the MESOP program is
serving at the time of implementation of the done by issuing option rights in 3 stages, with
MESA Program. the following details:
• The number of shares in the MESA
Program amounted to 9.62% of the total • First Stage
number of shares offered to the public in Number of option rights issued by
public offering or as many as 226,928,500 maximum of 40% of the total shares in
shares. The MESA program has been the MESOP program, and distributed to
implemented in accordance with the MESOP program participants in 2010.
Securities and Exchange Commission
Regulation No.IX.A.7, in which MESA • Second Stage
program participants would be granted Number of option rights issued by maximum
allocation to purchase shares with a of 30% of the total shares in the MESOP
definite quota and pay cash price of the program, and distributed to MESOP
stock at a discount of 20% of the current program participants in 2011.
share price during IPO.

• Third Stage The implementation price of MESOP for each
Number of option rights to be issued stage is as follows:
by maximum of 30% of the total shares
in the MESOP program, and will be • First stage: Rp855 per share
issuedand distributed to MESOP program • Second stage: Rp1,297.44 per share
participants in 2012. • Third stage: Rp1,098.36 per share
The Option Rights granted to MSOP program The implementation of the MESOP program
participants in each of these stages can be used has been carried out in accordance with the
to purchase shares in the MESOP program terms and provisions established by the Board
(option life = the life of the option) for 5 years of Directors of Bank BTN with due regard to the
from the issuance date. applicable Laws and Regulations.
Participants may exercise their right to buy shares Limited Public Offering I (LPO I) or
in the MESOP program on the implementation Rights Issue
period by full payment of the implementation In 2012, Bank BTN performed a corporate
price, after passing the Vesting Period (Waiting action in the form of the Limited Public Offering
Time) which is 1 year commencing from the date I (LPO I) to the shareholders of the Company in
of issuance of Option Rights.During the Vesting relation to the issuance of Preemptive Rights
Period, Participants cannot use the option rights (HMETD) or Rights Issue.
granted to them to purchase shares under the
MESOP program. Rights Issue is conducted in order to
strengthen the Company’s capital structure,
The implementation period is two times each and also to increase the number of public
year, respectively for 30 trading days.The shares traded (floating shares).This condition
first implementation period is calculated from will increase market capitalization and Bank
February 1, whereas the second implementation BTN stock liquidity in the capital market, so
period begins on July 1 of each year until the that it can add interest to investors to invest
duration of the option rights expire each year. more in Bank BTN stocks.
The implementation price is determined by
reference to the provisions contained in clause The proceeds earned by Bank BTN from the
v.2.2 Rule 1-A of Appendix 1 of the Decree of Rights Issue after deducting all associated
the Board of Directors of the Jakarta Stock costs are used entirely for strengthening the
Exchange No.Kep 305/BJ/07-2004 dated July Company’s capital structure, which will be used
19, 2004, which is at least 90% of the average later as planned to support credit growth.
closing price of shares of the Listed Company
in question, during a period of 25 consecutive The summary of Bank BTN Rights Issue
trading days in the regular market before transaction is as follows:
reporting the opening of the exercise period.
Type of Offering Share Preemptive Rights (HMETD)

Number of Shares Offered 1,512,857,500 Series B Shares
Nominal Value Rp500 (five hundred Rupiah)
Implementation Price Rp1,235 (one thousand two hundred and thirty five Rupiah)
Total Amount (Proceeds) Rp1,868,379,012,500 (one trillion eight hundred sixty eight billion three hundred seventy
Received million twelve thousand five hundred Rupiah)
555,000 (five hundred and fifty five thousand) Old Shares are entitled to 94,943 (ninety
Conversion Ratio
four thousand nine hundred and forty-three) Rights Issue
14.61% (fourteen point six one percent) prior to the implementation of MESOP and
Ownership Dilution
16.49% (sixteen point four nine percent) after the implementation of MESOP
Rights Issue Trading Period November 23 – 29, 2012
Rights Issue Implementation
November 23 – 29, 2012
Period
Securities Listing Date at Stock
November 23, 2012
Exchange
Listing Indonesia Stock Exchange
Standby Purchasers PT Bahana Securities, PT DanareksaSekuritas and PT MandiriSekuritas

Dividend Policy The dividend policy of Bank BTN is a

In accordance with the applicable provisions minimum of 25% of net income per year,
in Indonesia, dividend distribution must be to be determined at the time of the AGMS.
approved by the shareholders in the AGMS. Management plans to distribute dividends
The determination of the amount and payment if there is a cash surplus of operational
of dividends will be implemented by attention activities after the fund is set aside for reserve
and consideration of several factors, such fund, financing activities, planned capital
as the levels of financial soundness, capital expenditure and working capital of Bank BTN.
adequacy, funds needed for further business
expansion, without prejudice to the right of the The following is a description of the Company’s
AGMS of Bank BTN to determine other ones in dividend payment for fiscal year 2010 to 2012,
accordance with the provisions of its Articles of to be paid respectively in the following year.
Association.
Payment of Dividends by the Company
Year Cash Dividend (Rp million) Net Income (Rp million) Percentage
2010 274,781 915,938 30%
2011 223,732 1,118,661 20%
2012 409,189 1,363,932 30%
Corporate
Structure
Corporate Group Structure

Bank BTN does not have subsidiary.
Domestic Foreign
(36.05%) (63.95%)
Government Public
(60.14%) (39.86%)
Bank BTN
(100%)

Bank BTN Profile
of Investors
Public ownership of Bank BTN is mostly are scattered around the world, from Asia,
owned by foreign investors, which is 63.95% Australia, Europe and the United States of
as of December 31, 2013. The investors America.
Local Foreign
IPO
59.70% 40.30%
DEC-09
50.89% 49.11%
DEC-10
33.23% 66.77%
DEC-11
38.75% 61.25%
DEC-12
38.76% 61.24%
DEC-13
36.05% 63.95%

Important Information
Regarding Bank BTN
Name of Company Securities Rating Agency

PT Bank Tabungan Negara (Persero) Tbk PT Pemeringkat Efek Indonesia (Pefindo)
Menara Bank BTN Setiabudi Atrium Suite 809 – 810
Jl. Gajah Mada No. 1 Jl. HR Rasuna Said Kav. 62
Jakarta 10130, Indonesia Jakarta 12920, Indonesia
Tel. 62-21 6336789, 6332666 Tel. 62-21 521 0077
Fax. 62-21 6346704 Fax. 62-21 521 0078
email: csd@btn.co.id
PT Fitch Ratings Indonesia
Company Incorporation Prudential Tower, 20th Fl
February 9, 1950 Jln. Jenderal Sudirman Kav. 79
Jakarta 12910, Indonesia
Composition of Shareholders Telp. 62-21 5795 7755
(as of December 31, 2013) Faks. 62-21 5795 7750
• Government of the Republic of Indonesia
60.14% Corporate Secretary
• Employees 1.31% Viator Simbolon
• Public 38.55% Menara Bank BTN Lantai 20
Jl. Gajah Mada No.1
Listing of Shares Jakarta 10130, Indonesia
Bursa Efek Indonesia Tel. 62-21 6336789, 6332666
Fax. 62-21 6336719
Type of Business
Bank Umum Investor Relations
Eko Waluyo
Stock Code Menara Bank BTN Lantai 20
BBTN Jl. Gajah Mada No. 1
Public Accountants Tel. 62-21 638 70107, 638 70142
Purwantono, Suherman & Surja Fax. 62-21 638 70104
Anggota Ernst & Young Global
Gedung Bursa Efek Indonesia Menara 2 Lt. 7 Company Website
Jl. Jend. Sudirman Kav 52 – 53, www.btn.co.id
Tel : 62-21 5289 5000 Information Center
Fax. : 62-21 5289 4100 500286
Registrar of Securities Shareholders of Bank BTN

PT Datindo Entrycom As of December 31, 2013, BBTN was owned
Puri Datindo – Wisma Sudirman by 9,463 shareholders, which consists of
Jl. Jend. Sudirman Kav 34 –35, 9,255 domestic shareholders and 208 foreign
Jakarta 10220, Indonesia shareholders.
Tel . 62-21 570 9009
Fax. 62-21 570 9026 2014 Annual General Meeting of
Shareholders
The Annual General Meeting of Shareholders will
be held on February 25, 2014 in Jakarta.

Chapter 7
Corporate
Governance
188 A Report on the Implementation of Corporate
Governance
194 GCG Structure & Mechanisms
194 General Meeting of Shareholders (GMS)
197 The Board of Commissioners
204 The Board of Directors
208 Assessment on Performance of Board of
Directors and Board of Commissioners
212 Committees under the Board of Commissioners
220 Committees under the Board of Directors
227 Corporate Secretary
229 Information Technology Governance
231 Code of Conduct
236 Whistleblowing System
238 Internal Audit
244 Bank’s Accountant
245 Internal Control System (SPIN)
249 Provision of Funds to Related Parties & Large
Exposures
250 Legal Cases Faced by the Bank
253 Conflict of Interest Transactions
253 Buy Back Shares & Buy Back Bank Bonds
254 Shares Options
267 Compliance Report
270 Risk Management
284 Customer Protection
284 Community Development Program
285 Access to Information & Corporate Data
294 Strategic Plan of the Bank
299 Third Party Assessment
300 BI Self Assessment
302 GCG Improvement Blue Print 2014 - 2017
308 Annual Reporting Responsibilities
A Report on the
Implementation of
A Transformation towards Business Excellence

which supported by Well-Executed Good Corporate
Governance Practices
INTRODUCTION
Chronological Development
Good corporate governance (GCG) practices This led to the bank’s best practices study on
are a continued process. The 2010-2012 road the role of good corporate governance in early
map that Bank BTN undertook helped highlight 2013. The study was aimed at gaining insights
several points for improvement. into systematic, comprehensive, effective and
efficient GCG practices on which the blue print
for improved practices of the bank’s 2013-2017
GCG is built.
12
20
11
20
10
20 • GCG Awareness
Program
• Institutionalization and
• Management Commitment Internalization • EXCELLENCE
• Developing GCG • Monitoring & Software IN CORPORATE
Softstructure Development GOVERNANCE
• Strengthening GCG • Program Evaluation and
Infrastructure • SUSTAINABLE
Assessment MONITORING
• Externalization
• DEVELOPING SOFT
STRUCTURE
The long-term success

THE STRATEGY FOR OUTCOME
• STRENGTHENING INFRA of EXCELLENCE IN GCG
GCG PRACTICES
STRUCTURE PRACTICES

The SWOT analysis of the Implementation of GCG practices before 2013

As a part of the initial initiative, we conducted a SWOT analysis of the implementation and
development of Bank BTN’s GCG practices and laid out the strategy of SO, WO and WT for Bank
BTN to execute.
SO STRATEGY WO STRATEGY
• Developing and/or strengthening and/or perfecting • Making the best use of the ongoing changes in
and/or implementing GCG structure, infrastructure Bank BTN‘s SO to develop the structure and
and soft structure comprehensively, systematically, infrastructure of a CGC system that supports for its
effectively and efficiently in accordance with international-standard implementation.
applicable regulations and international-standard • Providing the needs for human capital and assigning
best practices as well as IT support. best employees (those with uncompromising
• Implementing the GCG strategy that comprises integrity, deep business knowledge and broad
such phases as awareness, internalization, horizons) at the newly established SO.
institutionalization, monitoring, software • Appointing GCG champions at regional and branch
development assessment and externalization offices as well as iGov PICs.
to allow for a GCG implementation that is in • Planning and executing the GCG implementation
accordance with best practices. strategy comprehensively, systematically,
• Participating actively in national and international effectively and efficiently, and use it as the BSC
corporate governance networks as a member and method-based KPI for all working units with IT
non-member support.
ST STRATEGY WT STRATEGY
• GCG implementation in accordance with OECD Executing the externalization strategy on the
criteria. implementation of Bank BTN’s GCG practices
• Updating and/or evaluating the GCG policy periodically and consistently.
periodically using the P-D-C-A method.
The Vision, Mission and Strategy Mission:

for an Approach and Phases Enhancing the corporate value and managing
towards GCG Implementation international-standard corporate governance
functions with IT support
Based on the best practices study, Bank BTN
has decided on the blue print and road map Strategy: The Approach and Phases
for the implementation of its 2013-2017 GCG The GCG program implementation uses the
practices, with the vision, mission and strategy “Smart Strategy for 360 Degree GCG Framework
described below: with Balanced Scorecard Approach”.
Vision: Based on the road map, GCG implementation

Supporting the strategic role of its organizational is divided into three phases: foundation,
units professionally and transforming Bank BTN internalization, and excellence.
into one of companies with the best corporate
governance practices in Indonesia in 2017.

Governance Governance
Governance Implementation
Structure & Mechanism/Process Strategy
Commitment Cycle
Infrastructure (Soft Structure)
Vision-Mission-
In accordance with BI,
WORK CULTURE Company Organ
OJK, SOE
Awareness Evaluation
Values
Tariff
Tariff
RJP-RBB-RKAP-
KUD (SO support, In accordance with the Institutionalization/
Organizational Structure Feedback
HR, IT, Budget & OECD Internalization
Consistent)
KPI Unit & Board Manual, Code of Monitoring, Assessment,

Human Capital & IT P-D-C-A
Statement of GCG conduct, etc Software & Externalization
Corporate Culture (= IMPLEMENTATION of GCG)
Bank BTN’s GCG Architecture » The post-restructuring loan quality was

In line with the vision, mission and strategy not in accordance with that required by
outlined above, Bank BTN is fully aware that Bank Indonesia.
GCG implementation is not a mere regulatory » Loan administration officers were less
compliance gimmick; rather, it is a key to long- informed of SOP and loan restructuring
term excellence that paves the way for the policies.
status of a world-class company.
• Below are several reasons for improvement
Therefore, in 2013, Bank BTN laid out the in organizational structures and policies on
blue print and road map of the improved loan and information technology with regard
implementation of good corporate governance to loan restructuring:
practices, the details of which will be discussed » No policy requires that instalments in
further on the final pages of the section entitling loan payment be conducted via debtors’
A Report on Good Corporate Governance savings accounts
Practices, which is a part of the 2013 Annual » Less effective coordination between the
Report. loan collection working unit at the main
office and those at branch offices
Businesses that needed » The Key Performance Indicators (KPIs)
enhanced implementation of at branch offices were more focused on
GCG practices in 2013 meeting the NPL target and overlooked
According to Bank Indonesia, Bank BTN the not-less-important good processes
needed to enhance the implementation of GCG toward the goal
practices in several of its businesses. These are: » The quantity and quality of human
• Loan collection and loan workout resources were not sufficiently high to
processes, particularly those related to loan ensure loan restructuring was conducted
restructuring that was not in accordance in accordance with the regulation and
with the regulation, including: GCG principles
» Loan restructuring processes that were
not supported by sufficient availability of
the required documents.

• Below are several reasons for improvement In addition, Bank BTN has set out the blue
in loan and IT internal control: print for the implementation of Good Corporate
» Loan restructuring supported by a Governance practices that build on the four
hierarchy of control needed to be put in pillars of Good Corporate Governance, namely
place to ensure credit restructuring was Commitment on Governance, Governance
conducted as required Structure and Infrastructure, Governance
» Compensating control in the form of a Process and Governance Outcome. These four
loan restructuring report necessary to pillars are expected to be able to support the
mitigate operational risks during loan implementation of GCG principles at Bank BTN.
restructuring was not available
» Less robust loan restructuring supervision Focused Improvements in GCG
Implementation in 2013
In addition, under Bank Indonesia’s In its efforts to improve GCG implementation,
recommendations, Bank BTN needs to the loan business is one area Bank BTN has
improve its self-assesssment processes and focused on, as shown by the table below:
transparency. Bank Indonesia’s assessment
assigned a rating of four for Bank BTN’s GCG In general, improvement in GCG implementation
implementation in the second semester of in the loan business is concentrated on:
2012 and the first semester of 2013, defining
the bank’s GCG implementation in general as Issuance and execution of new policies:
less satisfying, particularly in meeting the GCG • Credit segment
principles. Since the need for improvement in » Setting up new organizational structures
the GCG implementation was found significant for Collection and Workout divisions,
enough, it prompted the bank to make separating the role played by the
comprehensive improvement. Collection and Asset Management
divisions.
In this light, Bank BTN has laid out an action » Requiring that instalments in loan
plan to improve its GCG implementation, and payment are paid via debtors’ savings
Bank Indonesia has been made aware of it. accounts in accordance with GCG
The action plan comprises improvements in principles.
the role of the Board of Commissioners, the » Improvement in the data of IOBP
Board of Directors, compliance, internal audit, (Interest Only Balloon Payment)-based
risk management and system control as well as Subsidized KPR debtors to enhance
reporting transparency. the bank’s business supervision and
performance and comply with the GCG
principles.
• Credit Activity Field Optimization Creating • Lending Field.

• Operations & Technology
• Operations & Technology of Human a New Information Systems (TSI)
Information Systems (TSI) Field
Resources (HR) Policy Field
• Lending Field. Improving • Lending Field.

• Operations & Technology Revise • Operations & Technology
Internal
Information Systems (TSI) Policy Information Systems (TSI)
Field Control Field

• Operational and TSI Divisions Improvement of Internal Control
» Appointing an independent and • Optimized Loan Division
competent auditor to conduct an » Reinvigorating the communication
assessment audit of the bank’s GCG forum across divisions (internal audit,
implementation at its information and risk management and compliance) to
technology unit as well as an audit optimize coordination between the
of its core banking system by Price risk management unit and the internal
Waterhouse Cooper, and a report on the control unit.
audit results has been released. » Imposition of more stringent sanctions
» As recommended by BI, Bank BTN on branch offices (officers/officials)
made improvement of debtors’ data by who are incompliant with SOP and/or
identifying undeperforming loan facilities. engaged in loan activities that violate
» Developing an integrated and GCG principles.
comprehensive Loan Restructuring » The development of the internal control
menu. system was conducted by:
- Inclusion of NPL improvement
Revisions of Policies processes as one of audit targets in
• New Loan Facilities the bank’s audit plan.
» Improving the Guidelines to Individual - Inclusion of commitment to external
Loan Restructuring and Settlement parties and the development of an
by synchronizing the restructured alert system to monitor the follow-up
loan quality categorization with Bank to external audit findings in the Audit
Indonesia’s regulations. Management System (AMS).
» Revising improvement components and • Operations and TSI
processes of NPL in the performance » Below are several improvements in
assessment of the managing division. internal control instructed by the Board
• Operational and TSI Division of Directors:
» Improvement of the Guideline AS400 » Connecting the monitoring system
contained in Bank BTN‘s IT Standard through a master error report used as a
Operating Procedure. loan maintenance monitoring tool.
» Ongoing improvement of SDLC » Restricting branch offices of the access
processes to synchronize policies to the (Loan Maintenance Function) menu
between ICTD and the Committee for and/or providing them with guidance for
Products more disciplined access to it.
GCG-related Achievements in 2013

In 2013, Bank BTN received an award and/or recognition for its GCG
implementation from the Indonesian Institute for Corporate Governance (IICG).

» Ongoing development of an integrated » Gradually, providing a sufficient number

and comprehensive Loan Restructuring of human resources dealing with loan
menu. This effort is made in two phases: restructuring, namely the Restructuring
- First phase Analyst & Loan Administration; BRO
Improvements in control input and (Branch Representative Officers);
multilayered validation and using BCSO (Branch Compliance Supervisory
the green screen as user interface. Officers); and Regional Legal
- Second phase Representatives at RO and Branch Legal
Further improvement of the first Representatives at branch offices.
phase through the use of a web- » Providing restructuring analysts with
based and user-friendly user continued training in, and internalization
interface. of, loan restructuring processes.
» Providing comprehensive training in
Optimization of Human Resources (HR) Computer Operating Manual of Loan
• Loan Division Restructuring based on the revised
» Need Analysis Training to identify the system of a loan restructuring special
need for improved SDM competency in menu that is under development.
the Consumer Collection & Remedial as
well as Internal Audit working units.

GCG Structure &
Mechanisms
General Meeting of Shareholders affiliated with Ernst & Young as stated in

(GMS) the report No. RPC-3464/PSS/2013 dated
A General Meeting of Shareholders (GMS) is March 21st, 2013.
the company’s organ whose authority is not • To grant full release and discharge from
delegated to the Board of Commissioners and liabilities (acquit et decharge) to the Board
the Board of Directors. GMS is a forum for of Directors for the act on management and
shareholders to influence the company as well the Board of Commisioners for the act on
as a forum for the Board of Commissioners and supervision performed by each of them in
the Board of Directors to report and account for their respective capacities for the fiscal year
their performance and any corporate actions ended on December 31st, 2012, including
they have taken to shareholders. their management and supervision on the
Partnership and Community Development
General Meeting of Shareholders (GMS) Program, so long as :
is divided into Annual General Meeting of » The activities do not violate laws and
Shareholders (AGMS) and Extraordinary regulations; and
General Meeting of Shareholders (EGMS), » The activities are reflected in the
which are mandatory as stipulated in PT Bank Company’s Annual Report and Financial
Tabungan Negara’s by law and applicable Statement as well as in the Annual Report
laws and regulations. on the Partnership and Community
Development Program for the fiscal year
In 2013, Bank BTN held 1 (one) Annual Meeting ended on December 31st, 2012
of Shareholders. Below are the details of the
event: Resolution on the Second Agenda
To approve and ratify the Company’s net
Annual General Meeting of profit in the period of January 1st, 2012 until
Shareholders (AGMS) December 31st, 2012 in the amount of IDR
The Annual General Meeting of Shareholders 1,363,962,039,046.- (one trillion three hundred
(AGMS) was held on March 27, 2013 at Bank and sixty-three billion nine hundred and sixty-
BTN Tower Fl. 6 Jl. Gajah Mada No. 1, in Central two million thirty-nine thousand and forty-six
Jakarta. The resolutions of AGMS are as follows: rupiah) (hereinafter referred to as the Company’s
net profit). The details of which are as follows :
Resolution on the First Agenda • 30.00% (Thirty Percent) of the Company’s
• To approve the Company’s Annual Report net profit or IDR 409,188,611,714.- (Four
2012 and ratify the Board of Commissioners’ hundred and nine billion one hundred and
Supervision Report as well as the eighty-eight million six hundred and eleven
Company’s Financial Statement for the fiscal thousand seven hundred and fourteen
year ended for the fiscal year of 2012 that rupiah) will be distributed as cash dividend
have been audited by Public Accountant on May 10th, 2013 to the shareholders
Office Purwantono, Suherman & Surja which whose names are listed in the Company’s
is affiliated with Ernst & Young as stated in shareholders’ list dated May 1st, 2013.
the report No. RPC-3225/PSS/2013 dated • 19.47% (Nineteen point Forty Seven) of the
February 27th, 2013. Bank’s net profit or IDR 265,595,000,000.-
• To ratify the Company’s Annual Report on the (two hundred and sixty-five billion five
Partnership and Community Development hundred and ninety-five million rupiah) will
Program for the fiscal year of 2012 that has be used for approriated reserves or reserves
been audited by Public Accountant Office set aside for a specific purpose.
Purwantono, Suherman & Surja which is

• 50.53% (Fifty point Fifty Three) of Resolution on the Fifth Agenda

the Company’s net profit or IDR To grant authority to the Board of Directors
689,178,427,332.- (six hundred and eighty- to appoint and discharge the Board of Sharia
nine billion one hundred and seventy-eight Supervisors and establish the remuneration
million four hundred and twenty-seven and other related things in terms of the
thousand three hundred and thirty-two implementation of business actions based on
rupiah) will be used as general reserve in sharia principles.
compliance with article 70 of the law no.
40/2007 about Limited Liability Company. Resolution on the Sixth Agenda
• To grant power and authority to the Board To approve and determine the account receivable
of Directors to provide guideline for and write off limit in the amount IDR 115 billion (one
schedules of cash dividend payment for the hundred and fifteen billion rupiah). The loan
fiscal year of 2012 in accordance with the limit will be executed to write off the non-
prevailing laws and regulations. performing principal receivables in accordance
• To disapprove the allocation of the with the Board of Commissioners’ policies to
Company’s net profit for the fiscal year of a certain debitors who have been victims of
2012 for the Partnership and Community natural disaster, included the disaster happened
Development Program, but the Company in Yogyakarta as stated by Government or
will have an expense reserve for the financial Regulator.
year of 2013 for the Company’s Social
Responsibility Program whose amount will Resolution on the Seventh Agenda
be adjusted to the Company’s needs and • To approve the amendment of the Article
capabilities. 12, paragraph (3) of the Bank’s Articles of
Association, subsequently called the Article
Resolution on the Third Agenda 12, paragraph (3) of the Bank’s Articles of
To grant power and authority to the Board of Association is as follows :
Commissioners to appoint a Public Accountant
Office to audit of the Company’s Financial Duties and Responsibilities of Directors
Statements and Annual Report on the Section 12
Partnership and Community Development • Board of Directors must obtain the written
Program for fiscal year of 2013 and determine approval from the Board of Commissioners
the amount of honorarium and other terms to conduct transitional actions, including to
concerned with the appointment of Public sell, to waive rights to collect or not to collect
Accounting Office. on :
» Non-performing principal receivables
Resolution on the Fourth Agenda that have been written off in terms of the
• To approve that Salaries and honorarium completion of loans partially or entirely;
of the Board of Directors and the Board of » The difference between the non
Commissioners for 2013 are set to remain performing principal receivables that
the same as the previous year 2012. have been written off and the amount
• To grant power and authority to the Board of transition, included selling or with the
of Commissioners by previously obtaining waiver of rights;
approval from Shareholders of Dwiwarna
Serial A to determine the amount of Which the implementation is based on
tantiem for 2012 that will be distributed to the Board of Directors’ Policies that
the Board of Directors and the Board of have been approved by the Board of
Commissioners. Commissioners and in the account of

write off limit that has been approved The end of term of the appointed officials is until
by The Annual General Meeting of the end of the fifth Annual General Meeting of
Shareholders that will be valid until Shareholders since the appointment without
there will be the determination of a new diminishing the right of General Meeting of
limit account by The Annual General Shareholder to discharge anytime. So, the
Meeting of Shareholders. Board of Commissioners are as follows :
• To grant authority to the Board of
Directors to state the resolution of the President Commissioner
meeting about the amendment of Article Mardiasmo
12, paragraph (9) of the Bank’s Articles of Commissioner
Association in a special notarial deed to the Dwijanti Tjahjaningsih
notary, then inform and or register it to the Independent Commissioner
authorities as needed on the amendment Sahala Lumban Gaol
of the Article 12, paragraph 9 of the Commissioner
Bank’s Articles of Association, and perform Agung Kuswandono
necessary actions related to that. Independent Commissioner
Amanah Abdulkadir
Resolution on the Eight Agenda Independent Commissioner
To grant authority to the Board of Commissioners Maulana Ibrahim
to increase the Issued and Fully Paid-up Capital
with regard to the Management and Employee • To grant power and authority to the Board of
Stock Option Plan/MESOP). Directors of the Company with substitution
right to perform any necessary actions
Resolution on the Ninth Agenda which are needed related to resolutions
• To honorably discharge of Mr. Zaki Baridwan as mentioned above, including, but not
as the President Commissioner who is limited, to stating the meeting’s resolutions
concurrently the Independent Commissioner in a special deed to the Notary, as well
and Mr. Subarjo Joyosumarto as as registering the alteration of Board
Independent Commissioner effective since of Commissioners as mentioned in the
the closing of meeting, with gratitude for his Company registration, and stipulated in the
efforts and idea contributions during his term law No. 3/1982 about Company Listing
as a member of the Board of Commissioners Requirements.
of PT Bank Tabungan Negara (Persero) Tbk.
• To appoint Mr. Sahala Lumban Gaol as the Resolution on the Tenth Agenda
Company’s Independent Commissioner. His To approve the validity of Minister of State
appointment is subject to Bank Indonesia’s Owned Enterprises Regulation No. PER-12/
approval based on the result of Fit and MBU/2012, about the supporting organ of the
Proper Test and is also subject to binding Board of Commissioners/Supervisors of State
laws and regulations. Owned Enterprises. Especially, the secretariat
• To appoint Mr. Mardiasmo as the staffs of Board of Commissioners who belong
President Commissioner and Mr. Maulana to Company’s internal part, are required to obey
Ibrahim as the Independent Commissioner. the Company’s employement provisions.
The appointment of Mr. Mardiasmo as the
President Commissioner and Mr. Maulana Resolution on the Eleventh Agenda
Ibrahim as the Independent Commissioner is Reports on Proceeds from Public Offering of
subject to Bank Indonesia’s approval based the Shelf Registration Bonds I and the Limited
on the result of Fit and Proper Test and is Public Offering I.
also subject to binding laws and regulations.

The Board of
Commissioners
The Board of Commissioners works collectively The structure of the Board of Commissioners
and has a joint responsibility for what it does. from March 27, 2013 to December 31, 2013
In general, the key role played by the Board of consisted of 6 (six) members, with 3 (three) of
Commissioners includes supervising managerial them were independent commissioners, which
activities by the Board of Directors, providing made up 50% of all members of the Board of
advice and recommendations to the Board of Commissioners. The Board of Commissioners
Directors and ensuring the implementation of GCG has sufficient integrity and competence as
principles by the company. Each member of the required by the fit and proper test and the
Board of Commissioners, including the president regulations of Bank Indonesia and Bapepam-
commissioner, has an equal status. The president LK.
commissioner coordinates the board’s activities.
The Annual General Meeting of Shareholders
The Structure of the Board of (AGMS) held on March 27, 2013 approved
Commissioners the discharge of Zaki Baridwan as President
Commissioner and Independent Commissioner
The structure of the Board of Commissioners from and Subarjo Joyosumarto as a member of
January 1, 2013 to March 27, 2013 is as follows: the Board of Commissioners as of March 27,
2013, with gratitude for his efforts and ideas
President Commissioner (Independent) contributions during their tenure. In addition,
Zaki Baridwan the GMS appointed Mardiasmo as President
Commissioner Commissioner and Maulana Ibrahim as
Sahala Lumban Gaol Independent Commissioner.
Commissioner
Dwijanti Thahjaningsih The appointment of Sahala Lumban Gaol as
Commissioner Independent Commissioner became effective
Agung Kuswandono* upon approval from Bank Indonesia based on
Independent Commissioner the fit and proper test and in accordance with
Amanah Abdulkadir* prevailing laws and regulations.
Independent Commissioner
Subarjo Joyosumarto Therefore, The structure of the Board of
*becoming effective after Bank Indonesia’s fit & proper test Commissioners as of December 31, 2013
consists of 6 (six) members, with 3 (three) of
The structure of the Board of Commissioners them are independent commissioners, which
from March 27, 2013 to December 31, 2013 is make up 50% of all members of the Board of
as follows: Commissioners. The Board of Commissioners has
sufficient integrity and competence as required by
President Commissioner the fit and proper test and the regulations of Bank
Mardiasmo* Indonesia and Bapepam-LK.
Commissioner
Dwijanti Tjahjaningsih The Board of Commissioners is
Commissioner Responsible for:
Agung Kuswandono** • Overseeing the company’s management
Independent Commissioner by the Board of Directors, including the
Amanah Abdulkadir** implementation of the company’s Long-Term
Independent Commissioner Plan (RJP), Annual Working and Budgeting
Sahala Lumban Gaol*** Plan (RKAP), by law and decisions made by
Independent Commissioner the GMS, prevailing laws and regulations
Maulana Ibrahim**** in the best interest of the bank and in
* Passed Bank Indonesia’s fit & proper test on December 9, 2013, accordance with the company’s vision and
but only became effective starting December 31, 2013 mission.
** Passed Bank Indonesia’s fit & proper test on July 17, 2013
*** His official status change to an independent commissioner
became effective after passing Bank Indonesia’s fit & proper test
**** Passed Bank Indonesia’s fit & proper test on October 24, 2013
and became effective starting December 8, 2013

• Accomplishing its duties as mandated by and/or other regulators. These are
the company’s by law, applicable laws and accomplished through:
regulations, Bank Indonesia’s regulations » Scheduling meetings with the Board of
and/or decisions made by the GMS. These Directors and the Internal Audit Division
duties include: to discuss audit findings.
» Overseeing and giving advice to the » Monitoring the follow-ups to audit
Board of Directors on the company’s findings
management » Assigning members of the Audit
» Overseeing the implementation of GCG Committee to hold an exit meeting at
» Overseeing the implementation of risk the working unit aimed at overseeing
management the bank’s operations (particularly with
» Monitoring and evaluating the regard to credit management).
performance of the Board of Directors • With regard to the Action Plan for GCG
» Monitoring the bank’s compliance with implementation enhancements, the Board
applicable laws and regulations and its of Commissioners is to conduct active
commitment to Bank Indonesia and supervision through board of commissioners
other parties. meetings and/or meetings between board of
» Guiding, monitoring, and evaluating the commissioners and the Board of Directors
implementation of Long-Term Plan, RBB, discussing GCG implementation, primarily
and Annual Working and Budgeting Plan over the issues of:
» Guiding, monitoring, and evaluating the » Self-assessment GCG implementation
development and use of information by conducting analyses, evaluations
technology. and recommendations regarding self-
» Recommending an external auditor for assessment GCG implementation as
approval by the GMS and overseeing the well as giving approval to the assigned
work of the external auditor. composite value of the company’s GCG
• Outlining the workload among members of practices.
the Board of Commissioners in accordance » The execution of GCG implementation
with their expertise and experience. strategy
• Outlining their annual working program
and performance target as well as the peer The Work and Responsibility of the
review mechanism for their performance Board of Commissioners
• Outlining the mechanism for delivering As part of its work and responsibility, Bank BTN’s
information from the Board of Commissioners board of commissioners continues to pro actively
to stakeholders. play its supervisory and advisory role in helping
• Reporting its work to the GMS managerial activities of the Board of Directors.
• With regard to the enhanced implementation The supervision of the Board of Commissioners
of GCG, the Board of Commissioners is based on its recommendations to the Board
oversees the implementation of healthy credit of Directors or through committees set up for
management and GCG implementation in such a purpose.
every aspect of the bank’s operations across • In 2013, the Board of Commissioners
organizational levels by: supervised policies and managerial activities
» Evaluating and overseeing the policy set of the bank’s board of directors, including
by the Board of Directors to ensure that the implementation of RPJ, annual RKAP,
it is in accordance with GCG principles. the company’s by law and decisions made
» Overseeing that the Board of Directors by the GMS, and applicable laws and
has followed up the audit findings and regulations in the bank’s best interest and/
recommendations from the internal or in accordance with the bank’s business
audit working unit, external auditor, the vision and mission.
results of supervision by Bank Indonesia

Completed supervision over the bank’s semester of 2013 via a letter No.95/KOM/
management policies by the Board of BTN/IX/2013 dated September 30, 2013.
Commissioners includes: (In response to a letter from Minister of
» Improvements over proposed RKAP and State-Owned Enterprises No. S-324/MBU/
RBB D4/2013 dated August 19, 2013 to the
» Discussions on SOP government-representing commissioner)
» Discussions on the criteria of credits that • A report on RBB supervision for the first
need restructuring semester of 2013 to Bank Indonesia via a
» Improvements in Board Manual letter No. 79/KOM/BTN/VIII/2013 dated
» Discussions on the Term of Reference of August 30, 2013.
the Public Accountant Office
» Discussions on the RBB supervision Frequency and Attendance of Board of
report Commissioners Meetings
» Consultations on credits that exceed As mandated by the company’s by law, a Board
limits or the authority of the Board of of Commissioners meeting is held at least once
Directors a month, or on any day where necessary, and
» Improvements in Bank BTN’s Risk the Board of Commissioners is allowed to
Management Working Manual (PKMR) invite the Board of Directors to the meeting.
» Discussions on the 2013 RKAP and The the Board of Commissioners Meeting is
the action plan for Bank Indonesia’s seen as valid and is authorized to make binding
assessment decisions when more than half of the members
» Approval for debt write-offs for the of the Board of Commissioners attend, or are
victims of earthquake in Yogyakarta represented to, the meeting. Based on the
» Recommendations on the need for a principle of discussion to reach a consensus,
change in the bank’s working culture decisions made by the Board of Commissioners
(Pola Prima) to enhance performance Meeting are binding and affect all members of
» Recommendations on a change in the Board of Commissioners. Voting is opted for
the formulation of the bank’s KPI and when a consensus fails to be reached.
executives
» Discussions on internal audit findings Throughout 2013, the Board of Commissioners
» Discussions on the MESOP held as many as 36 meetings, with the
(Management & Employee Stock Option attendance rate as follows:
Plan) Program
Number of Attendance
Name Attendance
Meetings %
Reports submitted by the Board of
Zaki Baridwan* 9 9 100.00
Commissioners include:
Subarjo Joyosumarto* 9 8 88.89
• A report on RBB supervision for the second Mardiasmo** 0 0 0
semester of 2012 to Bank Indonesia, Sahala Lumban Gaol*** 36 33 91.67
submitted via a letter No. 16/KOM/BTN/ Dwijanti Tjahjaningsih 36 29 80.56
II/2013 dated February 20, 2013. Amanah Abdulkadir**** 15 11 73.33
• A report on the supervision by the Board of Agung Kuswandono**** 15 9 60.00
Commissioners, which is part of the annual Maulana Ibrahim***** 2 2 100.00
* Their tenure ended on March 27, 2013
report delivered to stakeholders in March ** BI approved his appointment as President Commissioner and
2013 ahead of the GMS. his office became effective when members of the Board of
Commissioners are averagely as many as those of the Board of
• A report by a (non-independent) Directors
*** He received an official status shift to Independent Commis-
commissioner representing the government sioner and his new status would become effective after Bank
to Minister of State-Owned Enterprises as Indonesia’s fit and proper test
**** Their status as Commissioners became effective since
the controlling shareholder of Bank BTN June 28, 2013
***** His status as Commissioner became effective since
on the bank’s performance for the first December 8, 2013

Board of Commissioners Training implementation, shareholders through GMS
Bank BTN is committed to developing determine the number of, and requirements for,
the competency of its employees across Independent Commissioners in their capacity
organizational levels, incuding the Board as supervisory agents for banks and non-bank
of Commissioners. In 2013, the Board of financial services in accordance with applicable
Commissioners attended training programs, laws and regulations. PBI No. 8/4/PBI/2006 on
workshops, conferences, and seminars as GCG Implementation for Public Banks defines
shown in the table below: Independent Commissioners as members of the
Board of Commissioners who have no financial,
Name Program managerial, ownership and family relationship,
or other kinds of relationship that may affect
ACFE Asia Pasific Fraud, Singapore
Amanah their independence, with other members of
Seminar Stress Testing- Counterparty
Abdulkadir
Credit Risk, Honolulu the Board of Commissioners, members of the
Aligning Strategy and Sales- Harvard Board of Directors and controlling shareholders.
Sahala Business School, USA International • The PBI also requires that Independent
Lumban Gaol Housing Finance System- Wharton School,
Philadelphia Commissioners make up at least 50% of
Board of Commissioners membership.
Maulana Seminar Enterprise Risk Management –
Ibrahim Nusa Dua Bali
• In its role, the Board of Commissioners is
required to:
Independence of the Board of » Act independently, meaning it does not
Commissioners get involved in any conflict of interests
• Members of Bank BTN’s Board of that may affect their independent and
Commissioners who are also executives at critical judgments, and it does not
other institutions are: be mired in conflicts among its own
Name Position Dual Position members or with members of the Board
President Head of BPKP, of Directors.
Mardiasmo
Commissioner Professor UGM » As a part of the supervisory organ,
Sahala Lumban members of the Board of Commissioners
Commissioner -
Gaol are required to be fully committed and
Deputy of Strategic dedicated to playing their supervisory
Dwijanti
and Manufacturing function. It is therefore imperative that
Commissioner Business at the
Tjahjaningsih
Ministry of State-
members of the Board of Commissioners
owned enterprises are adept in knowledge, expertise and
integrity as well as committed to investing
Director General
Agung sufficient time for effective supervision.
Commissioner of Customs at the
Kuswandono
Finance Ministry Below are the criteria that members of
Amanah Independent the Board of Commissioners are required
-
Abdulkadir Commissioners to meet:
Independent - Members of the Board of
Maulana Ibrahim -
Commissioners Commissioners have no financial
and family ties with members of the
The inclusion of Independent Commissioners Board of Directors and controlling
in the Board of Commissioners is expected shareholders.
to bring objectivity, fairness and equality to - Members of the Board of
workplace to accommodate a broad range Commissioners must not
of interests, including those of minority become members of the Board
shareholders and stakeholders. Independent of Commissioners, the Board of
Commissioners should be free of any conflict Directors, or executives at more
of interests. To support the bank’s GCG than 1 (one) non-financial institution
or firm, state-owned enterprise,

regional government-owned - 5 (five) years before their

enterprise, privately owned company appointment, members of the Board
and other positions as stipulated in of Commissioners must be clear of:
the company’s by law and prevailing » Any court order declaring them in default
laws and regulations. on their debts
- Members of the Board of » Membership in any boards of directors or
Commissioners have passed the fit boards of commissioners or supervisory
and proper test as required by Bank councils responsible for any corporate
Indonesia’s regulation on Fit and default.
Proper Test Serving prison terms for criminal offenses
- Members of the Board of pertaining to incurring financial losses to the
Commissioners are recommended state and/or state-owned enterprises and/or the
by shareholders and appointed by financial sector.
GMS.
Financial and Family Relationship of Board of Commissioners Members and Board of Directors Members and/or Bank
BTN Controlling Shareholders
Financial Relationship with Family Relationship with
Controlling Controlling
Name BOC BOD BOC BOD
Shareholder Shareholder
Yes No Yes No Yes No Yes No Yes No Yes No

Zaki Baridwan* X X X X X X
Subarjo Joyosumarto* X X X X X X
Mardiasmo** X X X X X X
Maulana Ibrahim** X X X X X X
Sahala Lumban Gaol*** X X X X X X
Dwijanti Tjahjaningsih X X X X X X
Agung Kuswandono X X X X X X
Amanah Abdulkadir X X X X X X
Board of Directors
Maryono X X X X X X
Evi Firmansyah**** X X X X X X
Poernomo***** X X X X X X
Saut Pardede**** X X X X X X
Irman Alvian Zahiruddin X X X X X X
Mansyur Syamsuri
X X X X X X
Nasution
Mas Guntur Dwi S***** X X X X X X

* Their tenure ended on March 27, 2013
** They have been officially in office since March 27, 2013
*** His new official status as Independent Commissioner would become effective after Bank Indonesia’s fit and proper test
**** Their tenure ended on December 6, 2013
***** Their membership in the bank’s Board of Commissioners will become effective after passing Bank Indonesia’s fit and proper test

Remuneration Arrangement
Procedure Members of the Board
of Commissioners and the Board of
Directors
The procedure of remuneration arrangement for the Board of Commissioners and the Board of Directors is as follows:
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6
The Board of The Remuneration The Remuneration The Board of The Board of The Board of
Commissioners and Nomination and Nomination Commissioners Commissioners Commissioners
assigns the Committee Committee drafts discusses the reports the decides on the
Remuneration coordinates with a recommendation recommendation recommendation remuneration
and Nomination the Human Capital on the of the on the remuneration for the Board of
Committee to Division and remuneration Remuneration for the Board of Commissioners
conduct a study relevant working for the Board of and Nomination Commissioners and and the Board of
on remuneration units to draft a Commissioners Committee on the Board of Directors Directors.
for the Board of recommendation and the Board the remuneration to GMS, and GMS
Commissioners. on the of Directors for the Board of authorizes the Board
remuneration and submits it Commissioners of Commissioners
for the Board of to the Board of and the Board of to decide on the
Commissioners Commissioners. Directors. remuneration for
and the Board of Bank BTN’s Board of
Directors. Commissioners and
the Board of Directors,
with approval from
Series A Dwiwarna
shareholders.
Structure and Rate of the The Structure of Remuneration for the

Remuneration Nominal for Board of Directors
Members of the Board of The structure of remuneration for the
Commissioners and the Board of Board of Directors comprises salaries,
Directors allowances (religious observances, clothes,
communications, and housing), facilities (official
Structure of Remuneration for Members vehicles, health, official homes, professional
of the Board of Commissioners and the associations, business travels, chauffeur
Board of Directors assistance and legal assistance), bonuses and
retirement assistance (Retirement Insurance,
Structure of Remuneration for Members Retirement Fund Insurance).
of the Board of Commissioners
The structure of remuneration for members Nominal Rate/Components of
of the Board of Commissioners comprises Remuneration for the Board of
honorariums, allowances (religious observances, Commissioners and the Board of
clothes, communications, and transportation), Directors
facilities (official vehicles, health, professional The remuneration package and other facilities
associations, business travels, and legal for the Board of Commissioners and the Board
assistance), bonuses and retirement assistance of Directors are as follows:
(Retirement Insurance, Retirement Fund • The remuneration package and other
Insurance). facilities set by the bank’s General Meeting of
Shareholders comprises salaries and bonuses

• Types of remuneration and other facilities for

the Board of Commissioners and the Board
of Directors according to Bank Indonesia’s
regulation are:
Amount Received 1 Year

Type of Remuneration and Other Facilities Board of Commissioners Board of Directors
Person Rp Million Person Rp Million
Remuneration (salaries, routine allowance, tantiem, and
12*) 22.605 10**) 58.283
other facilities in the form of non-natura)*
Other facilities in natura form (residence, transportation,

health insurance and many more) **
Can be owned 12 1.468 10 2.921
Can not be owned 12 747 10 3.128
Total 12 24.820 10 64.332

Note: **) Comprises: 3 members of the Board of Directors who were in
In accordance with Bank Indonesia regulations. active duty until December 31, 2013. These are:
* Salaries, bonuses, leave of absence allowances, income tax allow- • Maryono;
ances, clothes assistance, religious observance assistance and • Irman Alvian Zahiruddin;
retirement insurance premium assistance • Mansyur Syamsuri Nasution,
** Facilities for the Board of Directors include transportation, commu- And 7 members of the Board of Directors who were no longer in active
nications, and housing, while those for the Board of Commission- duty in 2013 but still received remuneration in the form of salaries for
ers include transportation and communications 2013 and/or bonuses for 2012 that were paid in 2013 are:
*) Comprises: 6 members of the Board of Commissioners who were • Evi Firmansyah;
in active duty until December 31, 2013 • Saut Pardede;
• Mardiasmo; • Mas Guntur Dwi S;
• Sahala Lumban Gaol; • Poernomo;
• Maulana Ibrahim; • Iqbal Latanro;
• Dwijanti Tjahjaningsih; • Sunarwa;
• Amanah Abdulkadir; • Purwadi
• Agung Kuswandono,
And 6 members of the Board of Commissioners who were no longer
in active duty in 2013 but still received remuneration in the form of
salaries for 2013 and bonuses for 2012 that were paid in 2013 are:
• Zaki Baridwan;
• Subarjo Joyosumarto;
• Mulabasa Hutabarat;
• Deswandhy Agusman;
• Iskandar Saleh;
• Gatot Mardiwasisto
Remuneration in one year grouped in the range of income levels Ratio of the Highest and the Lowest Wage in 2013
is as follows:
Description Ratio
Amount of Number of Number of
Remuneration BOC BOD Highest and lowest salary of the employees 20.25 : 1
Above Rp2 billion 4 10 Highest and lowest salary of the BOD

1,11 : 1
members
Above Rp1 billion to Rp2
4 -
billion Highest and lowest salary of the BOC
1:1
members
Above Rp500 million to Rp1
3 -
billion Highest salary of BOD members and
2.59 : 1
Highest salary of employees
Under Rp500 million 1 -
Note: salary rates refer to those set for permanent employees

The Board of Directors
In accordance with the company’s by law, • As of December 6, 2013, members of

the Board of Directors is responsible for the the Board of Directors by the names Evi
company’s management, maintaining and Firmansyah and Saut Pardede had ceased
managing the company’s assets and representing their role as members of the Bank BTN’s
the company in judicial and non-judicial affairs. Board of Directors.
The Board of Directors is bound by collegial • Bank Indonesia hadn’t approve Mas Guntur
responsibility in managing the company and Dwi S. and Poernomo as the Bank BTN’s
works to maximize value drivers for the company’s Directors.
improved profitability and sustained market value.
Each member of the Board of Directors, including The structure of Bank BTN’s Board of Directors
President Director, has an equal status. President as of December 6, 2013 is as follows:
Director coordinates the activities of the Board of
Directors. The Board of Directors is authorized Independence of the Board of
in making decisions, including those made in Directors
Board of Directors meetings, and acting upon the • The Board of Directors always maintains its
decisions in accordance with their capacity, while independence, meaning it has no conflict
upholding collegial responsibility. Any member of of interests that may affect their capacity to
the Board of Directors will bear the full responsibility accomplish their work independently and
for his/her actions other than those laid out in critically, both among themselves and in
Board of Directors meetings until those actions are relation to the Board of Commissioners.
approved by a Board of Directors meeting. • Members of the Board of Directors have
no financial and family ties with each other,
Based on the decision of the Extraordinary members of the Board of Commissioners
General Meeting of Shareholders held on and controlling shareholders as well as with
December 2012, the structure of the bank’s Bank BTN, which is critical to maintain their
Board of Directors is as follows: independence as described in the above
table (in the section on “Financial and Family
Maryono Relationship between Members of the
President Director *) Board of Commissioners and the Board of
Evi Firmansyah Directors and/or with Bank BTN’s Controlling
Director Shareholders”)
Irman Alvian Zahiruddin • Members of the Board of Directors must
Director not become President Director or other
Saut Pardede Directorship positions at state-owned
Director enterprises and private companies or other
Mas Guntur Dwi S positions Related to the management
Director **) of Bank BTN as well as structural and
Poernomo functional positions at central and regional
Director **) government agencies and other positions
Mansyur Syamsuri Nasution as stipulated in Bank BTN‘s by law and
Director *) applicable laws and regulations.
Note: • Members of the Board of Directors have
*) He has been officially in office since March 18, 2013 no share ownership of up to 5% or more
**) Their membership will become effective as soon as they pass Bank
Indonesia’s fit and proper test and in accordance with applicable than the paid-in capital at Bank BTN, other
laws and regulations.
banks, non-bank financial institutions and/
In reference to Bank Indonesia Letter dated or other companies both individually or in
December 6, 2013 on Appraisal of the Results group in the country or overseas.
of Bank Indonesia’s Fit and Proper Test Taken • Members of the Board of Directors have
by Bank BTN’s Board of Directors and Other financial, managerial, share ownership, and
Executives, it is therefore stated that: family relationship with each other, members

of the Board of Commissioners, controlling External Audit, Risk Management and

shareholders, and Bank BTN that may affect Compliance
their independence as stipulated in the • Developing and taking the best advantage of
regulation on GCG for public banks. information technology
• Members of the Board of Directors must not • Providing complete, accurate, up-to-
delegate their work to other parties that may date data and timely data, such as data
result in the board’s dysfunction on RJP, RBB, RKAP, System Information
• 5 (five) years before their appointment, Management, executive succession/
members of the Board of Commissioners transfer/promotion, human capital programs,
must be clear of: risk management accountability reports and
» Any court order declaring them in default performance of IT adoption to the Board of
on their debts Commissioners
» Membership in any boards of directors or • Holding GMS and producing minutes of
boards of commissioners or supervisory GMS
councils responsible for any corporate • Following up on the audit findings and
default. recommendations by the Internal Audit
» Serving prison terms for criminal offenses Division, the External Auditors, and results
pertaining to incurring financial losses to of the supervision by Bank Indonesia and/or
the state and/or state-owned enterprises other authorities
and/or the financial sector. • Implementing GCG principles in every
aspect of the bank’s operations across
Responsibility of the Board of organizational levels
Directors • Informing employees about the bank’s
In general, the Board of Directors is responsible strategic policies on human capital using
for: easy-to-access media
• Managing the bank in their capacity as its the • Being fully responsible for their managerial
Board of Directors as stipulated in the bank’s role at the bank
by law and prevailing laws and regulations • Reporting their work to shareholders through
• Ensuring the succesful implementation of GMS
RJP, RBB and RKAP as well as meeting the • Paying high regards to the interests of
bank’s financial and non-financial targets stakeholders in accordance with the code
• Implementing Fiduciary Duties principles of ethics and prevailing laws and regulations
• Ensuring the successful implementation of
internal control comprising Internal Audit,

In particular, the Director of Compliance is Managing Director Commercial Banking
responsible for: supervises the Commercial Lending Division,
• Making necessary measures to ensure the Commercial Funding & Services Division and
that the bank is fully compliant with Bank the Sharia Division.
Indonesia’s regulations and other laws and
regulations in accordance with prudence Managing Director Retail Funding and
principles Distribution supervises the Customer Care
• Monitoring and maintaining the bank’s Division, the Retail Funding and Services Division,
operations to ensure they are on the right the Network Development and Electronic
track Banking Division, the Wealth Management
• Monitoring and ensuring that the bank is Division and Regional Offices.
fully compliant with any agreement and
commitment the bank entered and made Managing Director Mortgage and Consumer
with Bank Indonesia and other third parties Lending supervises the Subsidized Mortgage
Division, the Non Subsidized Mortgage &
As stipulated by the bank’s by law, each member Consumer Lending Division, the Card Business
of the Board of Directors is has the right to Division and the Small & Micro Lending Division.
determine job description among them. In their
supervision of the bank’s divisions, the Board of Managing Director Finance and Information
Directors is responsible for: Technology supervises the Finance and
• Empowering and overseeing the divisions Accounting Division, the Information and
under their supervision, particularly with Communication Technology Division, the
regard to the follow-ups to the decisions Consumer Collection & Remedial Division and
made by the Board of Directors the Operation and Business Support Division.
• In accordance with their capacity, each
member of the Board of Directors has the Managing Director Treasury and Collection
authority to make decisions on the division supervises the Treasury Division, the Institutional
under their supervision Banking Division, the Asset Management
• Taking necessary measures within their Division and the Procurement and General
capacity and in accordance with the bank’s Services Division.
by law to improve the bank’s performance
• Reporting their work to President Director, Managing Director Risk, Compliance and
both in person and through Board of Strategy supervises the Risk Management
Directors meetings Division, the Compliance Division, the Legal
Division and Strategy and Performance
In their supervisory role, members of the Board Management Division.
of Directors share their supervision of divisions
and branch office coordinators as follows:
President Director supervises the Internal Audit

Division, the Corporate Secretary Division, the
Change Management Office and the Human
Capital Division.

Accomplished Work in the » Retail fund promotion programs and

Agenda of the Board of Directors their publicity to further improve the
bank’s positive image
In 2013, the Board of Directors held as many » Improvements in the capacity of
as 138 (one hundred and thirty eight) meetings, employees through training
discussing a variety of issues and/or the bank’s • Risk Management
management strategies. These included: » Assessment results of the bank’s health
• Management and risk profile for 2012 and 2013
» Evaluated and developed products and » Guidances on the Risk Management
services, which include: Policy
Land acquisition loans, KPR and other » Development in risk management human
consumer loan facilities , and products resources
and services marketed via the post » Studies on new products and services
office’s card business and electronic as well as loan proposals
banking Improvement in the customer • Internal Control
service for collaborative remittance » Dealing with the results of the assessment
business targeting Indonesian migrant audit
workers » Establishment of a Task force Team to
» Laying out the strategy and monitoring deal with assessment audit results
of performance achievement targets in » Evaluation and a change in the limits of
2013 authority with regard to loan write-offs
» Drafting the Corporate Working Plan • GCG
and Budgeting (RKAP) 2014, the Bank » Report on GCG implementation and
Business Plan (RBB) 2014-2016 and the self-assessment for 2012
Long-Term Plan (RJP) 2013-2017 » Action plan for improvement in GCG
» Monitoring and setting out improved implementation
crash program strategies and efforts to » Establishment of an action plan team for
enhance loan quality improvement in GCG implementation
» Evaluation and a change in the bank’s
organizational structure and decisions Frequency and Effectiveness of
on job grades Communication between the Board of
» Assignment of supervision of divisions Directors and External Auditors
and branch offices among members of Coordination and cooperation between the
the Board of Directors bank’s management and external auditors
» Setting out the Key Performance are aimed at enhancing the efficiency and
Indicators (KPI) of the Board of Directors effectiveness of entire audit processes. Therefore,
for 2013 the Board of Directors has never failed to forge
» Pooling wholesale funds through the coordination and build communication between
issuance of Bank BTN Continued Bonds external auditors and the bank’s management.
I Phase II 2013, bilateral loans and KPR This will allow for a mutual understanding on the
securitization issue at hand that will make efforts to find an
» Evaluation and efforts to strengthen the effective solution to resolve it much easier. The
bank’s liquidity Board of Directors actively monitors the follow-
» Evaluation of office network development ups to external audit findings in coordination
in compliance with Bank Indonesia meetings between the Board of Directors and
Regulation on Business Activities and relevant working units to prevent less flattery
Office Networks Based on Core Capital audit findings from reappearing in the future.
of Banks

Performance Assessment
of the Board of
Commissioners and the
Board of Directors
Assessment Procedures
The assessment of the Board of Commissioners represent 1/10 of all the company’s shares and
is conducted through GMS. GMS is a meeting have the right to vote on important decisions,
that makes a quorum attended by shareholders to which the Board of Directors or the Board of
and held by the Board of Directors upon a Commissioners has no authority. Below are the
request by the Board of Commissioners, phases of assessment of the Board of Directors:
the Board of Directors or shareholders who
Phase 1 Phase 2 Phase 3 Phase 4 Phase 5

The Board of The Remuneration The Remuneration The Board of The Board of Commissioners and
Commissioners and Nomination and Nomination Commissioners the Board of Directors submit
makes Committee Committee makes discusses the recommendations of approval
recommendations coordinates with recommendations recommendations for the performance of the Board
to the Remuneration the Human Capital to the Board of of the Remuneration of Directors, and then GMS will
and Nomination Division and relevant Commissioners on and Nomination grant full release and discharge
Committee to working units the assessment Committee on the (acquit et de charge) to members
conduct a study to follow up the of the Board of assessment of the of the Board of Directors for
on the assessment recommendations Directors Board of Directors their managerial leadership in
of the Board of on the assessment and then conduct the last fiscal year as long as it is
Directors. of the Board of an assessment of disclosed in the Annual Report and
Directors. the performance the Financial Statement, except
of the Board of for criminal offenses such as
Directors to be embezzlement and fraud.
reported in GMS.
Performance Indicators
The indicator used to assess the performance bank and the shareholders in particular and the
of the Board of Commissioners is the stakeholders in general. Meanwhile, the Key
accomplishment of the supervisory and advisory Performance Indicators (KPI) used to assess the
role played by the Board of Commissioners in performance of Bank BTN’s Board of Directors are
its monitoring and recommendations to the comprised of 4 (four) perspectives. These are:
Board of Directors in the best interests of the
Objectives Strategy Key Performance Indicators (KPI)

Financial Perspective
Sustainable Value to Shareholder ROA, ROE, CIR, and LFR

Growth & Balance of Fund Composition CASA Ratio and Growth of Third Party Funds
Growth & Balance of Loan Composition Loan Growth and Non-Housing Loan Composition
Loan Quality NPL Gross and Nett
Customer Perspective
As a leading Market Leader Increased Market Share
Leading in Service Excellence Index Services
Business Process Perspective
Optimizing Network Number of Transactions and Network
Improvement of GCG GCG INDEX
Learning And Growth Perspective
Build Corporate Culture Culture Assessment Index
Develop Human Capital Engagement Employee Index

Name Programs
Assessors 12th Annual Asia Pacific Summit,
The assessor for the performance of the Board Singapore
Maryono
of Commissioners is GMS, while the assessor WSBI Asia Pacific Regional Meeting,
(President
Kuala Lumpur
for the performance of the Board of Directors is Director)
OJK Seminar Internasional Literasi
the Board of Commissioners and GMS. In its Financial, Bali Indonesia
assessment of the Board of Directors, the Board Executive International Conference - Bara
of Commissioners refers to the Key Performance Risk Forum, London
Morgan Stanley Annual Asia Pacific
Indicators of the Board of Directors as described
Evi Firmansyah Summit, Mandarin Oriental Marina
above. For the 2013 period, the assessment (Director) Square, Singapore
results are shown in the table below. The Board FSI-EMEAP High Level Meeting (HLM)-
Intercontinental Seoul Coex Hotel, South
of Commissioners and the Board of Directors Korea
will later report their work for the 2013 period,
WSBI Asia Pacific Regional Meeting,
including the reports to be submitted to GMS Kuala Lumpur
that will be held in 2014. Irman Alvian CEO Workshop & 20th Meeting of the
Zahiruddin General Assembly WSBI, Berlin
(Director) 43 Asean Banking Council Meeting
Meetings of the Board of Directors Executive International Conference Bara
The frequency of the Board of Directors’ Risk Forum, South Korea
meetings over the January to December 2013 Mansyur

National Anti Fraud Conference,
period consisted of 138 (one hundred and thirty Syamsuri
Pekanbaru
Nasution
eight) meetings, with the attendance rates of (Director)
Risk and Governance Summit, Jakarta
each member of the Board of Directors shown
Mas Guntur South Pasific & Asia Conference (SOPAC)
in the table below: Dwi S 2013, Brisbane-Australia
Number of Attendance
Name Attendance
Meetings %
The Relationship between the Board
Maryono
101 113 89 of Commissioners and the Board of
(President Director)*
Directors
Evi Firmansyah
106 118 90 Reports by the Board of Directors to the
(Director)**
Irman Alvian
117 138 85
• Whenever necessary, the Board of
Zahiruddin (Director)
Commissioners/members of the Board
Saut Pardede
109 118 92
of Commissioners can ask the Board of
(Director)**
Directors to report (verbally or written) its
Mansyur Syamsuri managerial work for the bank.
97 113 86
Nasution (Director)* • The request for a report by the Board of
* Effective as of March 18 2013 Commissioners to the Board of Directors is
** As of December 2013 ceased to function as members
made via a letter, which details things that
of the Board of Directors
need to be reported, including the way the
Training of the Board of Directors report is delivered (verbally or written) and
Bank BTN is committed to developing other things deemed necessary.
the competency of its employees across • For a verbal report, the Board of
organizational levels, including its Board of Commissioners determines the time and
Directors. In 2013, the Board of Commissioners venue.
attended training programs, workshops, • For a written report, the Board of
conferences, and seminars as shown in the Commissioners sets the submission
table below: deadline.

A Hearing by the Board of Commissioners Board of Commissioners is of the opinion
at the Bank’s Venues that the bank falls back in performance.
The Board of Directors/members of the Board • Counsels (including opinions and
of Directors are required to provide the Board suggestions) from the Board of
of Commissioners with an accurate and timely Commissioners to the Board of Directors/
report. members of the Board of Directors can be
• Whenever necessary, the Board of in the form of a letter wrapped in a sealed
Commissioners/members of the Board of envelope, or verbally during meetings.
Commissioners has the authority to hold a
hearing at the bank’s venue or other venues Managerial measures by the Board of
used by the bank. Directors that Need Approval from the
• The Board of Commissioners can hold a Board of Commissioners
hearing at the bank’s venue without notifying Managerial measures that need written approval
(verbally or written) the Board of Directors. from the Board of Commissioners are:
• The Board of Directors/members of the • Transfers and write-offs of the bank’s fixed
Board of Directors are required to facilitate assets in excess of the amount set by the
the hearing conducted by the Board of Board of Commissioners Meeting.
Commissioners at the bank’s venue, • Partnerships with business entities or other
including providing necessary facilities to parties, such as in business operations,
make the hearing a success. management contracts, Build, Operate and
Transfer (BOT), Build, Operate and Own
Counsels from the Board of (BOO) and other agreements similar in nature
Commissioners to the Board of Directors with more than 3 (three) years in contract, or
• At any time, being asked for or not, the Board extended to more than 3 (three) years.
of Commissioners can provide counsels • Providing funds to related parties
to the Board of Directors/members of the • Extending more than Rp350 billion in a single
Board of Directors. These counsels include: commercial loan and more than Rp500
» The bank’s expansion plans, working billion in one debt/to one debtor
plans and annual budgeting as well as • Investment in other companies
their revision, periodic reports and other • Establishment of a subsidiary and/or a joint
reports venture
» Annual reports of the bank’s fiscal-year • Divestment of a subsidiary or a joint venture
balance sheet as well as other reports • A change in the company’s logo
• Periodically, being asked for or not, the • Establishment of a foundation, organization
Board of Directors is required to submit and/or association that is directly or indirectly
documents related to the point 1 above related to the bank and may have a financial
to the Board of Commissioners, as well impact on the bank
as other issues deemed necessary. The • Using the bank’s financial resources to
documents from the Board of Directors are finance the activities of a foundation,
put in a sealed envelope and submitted to organization and/or association that is
the Board of Commissioners by way of the directly or indirectly related to the bank
secretary of the Board of Commissioners or • Recommending the bank’s representative as
through other means. a candidate for membership of the Board of
• The Board of Commissioners examines and Directors and the Board of Commissioners
discusses the documents from the Board at a joint venture and/or a subsidiary with
of Directors, and, when necessary, provide significant contribution to the bank and/or a
reasonable and objective counsels to the strategic value as determined by the Board
Board of Directors, including measures that of Commissioners
the Board of Directors needs to take if the

The Board of Directors should deliver its request Joint Meetings of the Board of
for the Board of Commissioners’ approval in the Commissioners and the Board of Directors
form of a letter wrapped in a sealed envelope. The Board of Commissioners and the Board
The Board of Commissioners may approve or of Directors held 21 joint meetings over
disapprove the request and informs its decision the January-December 2013 period, with
to the Board of Directors via a letter wrapped in attendance rates as follows:
a sealed envelope.
Number of
Name Attendance Attendance %
Meetings
Zaki Baridwan
6 6 100
(tenure ended on March 27, 2013)
Subarjo Joyosumarto
6 5 83.33
(tenure ended on March 27, 2013)
Sahala Lumban Gaol 21 19 90.48
Dwijanti Tjahjaningsih 21 14 66.67
Agung Kuswandono** 13 6 46.15
Amanah Abdulkadir** 13 10 76.92
Maulana Ibrahim*** 3 3 100
Mardiasmo**** - - -
Note:
* The number of attendance in meetings was counted from the time they passed BI’s fit & proper test
** They passed BI’s fit & proper test on July 17, 2013
*** He passed BI’s fit & proper test on October 24, 2013, and became effective as of December 8, 2013
**** He passed BI’s fit & proper test on December 9, 2013. According to BI’s decision, his membership in the bank’s Board of Commissioners will
become effective when members of the Board of Directors are by average as many as those of the Board of Commissioners. While his membership
in the bank’s Board of Commissioners has not yet formally established, he has attended no fewer than 7 meetings since March 27, 2013.
Number of
Name Attendance Attendance %
Meetings
Tenure Ended on 1 January 2013 up to 6 December 2013
Maryono (President Director)* 13 12 92.31
Mansyur S. Nasution (Director)* 13 12 92.31
Evi Firmansyah (Director)** 18 17 94.44
Saut Pardede (Director)** 18 18 100
Irman Alvian Zahiruddin (Director) 18 16 88.89
Poernomo (Director)*** - - -
Mas Guntur Dwi S (Director)*** - - -
Tenure Ended on 6 December 2013 up to 31 December 2013
Maryono (President Director) 3 3 100
Irman Alvian Zahiruddin (Director) 3 3 100
Mansyur S. Nasution (Director) 3 3 100

The number of attendance in meetings was counted from the time they passed BI’s fit & proper test
* He passed BI’s fit & proper test on March 18, 2013
** Their tenure ended on December 6, 2013
*** Their membership will become effective after passing BI’s fit & proper test

Committees under the
Audit Committee Qualifications of Education and Work

Basis for the establishment of the Audit Experience
Committee In general, the terms of membership of the Audit
The Audit Committee in carrying out its duties Committee of Bank BTN are as follows:
is based on the laws and regulations, which • High integrity, character, morals, ability,
include the Decree of Bapepam Chairman knowledge and experience that are
No. 29/PM/2004 on the Establishment and adequate in accordance with educational
Guidelines for Implementation of the Audit background, and able to communicate
Committee, Bank Indonesia Regulation No. properly.
8/4/PBI/2006 dated January 30, 2006 on the • It is independent and professional, both in
Implementation of Good Corporate Governance and in actual fact
for Commercial Banks, as amended by Bank • One of the members of the Audit Committee
Indonesia Regulation No. 8/14/PBI/2006 dated has an educational background in
October 5, 2006. accounting or finance or banking.
• Have sufficient knowledge to read and
In addition, the implementation of Audit understand financial statements.
Committee tasks is set out in the Audit • Have adequate knowledge of the laws and
Committee Charter established by the Board of regulations in the field of capital market and
Commissioners and Board of Directors. other related laws and regulations.
• Not a person in a Public Accounting Firm,
The Main function of the Audit Committee is to Law Firm, or another party that provides
assist the Board of Commissioners in exercising audit services, non-audit services, and or
supervision over the company’s performance. other consulting services to the Bank within
This is mainly related to reviewing the company’s a period of 6 (six) months prior to being
internal control system, ensuring the quality appointed by the Board of Commissioners.
of financial statements, and improving the • Does not have share holding, either directly
effectiveness of the audit function, both or indirectly of the Bank. In the case of a
internally and externally as well as reviewing member of the Committee obtained shares
GCG implementation. as a result of legal events, within a maximum
period of 6 (six) months after obtaining such
Structure and Membership of the Audit shares,the shares shall be transferred to
Committee The structure and membership of another party.
the Audit Committee was established by Decree • Does not have an affiliate relationship with
No. 870/DIR/2013, dated December 3, 2013 the Bank, Board of Commissioners, Board
on the Composition of the Membership of the of Directors or Major Shareholders of the
Audit Committee of PT. Bank Tabungan Negara Bank.
(Persero) Tbk as follows: More specifically, educational qualifications and
work experience of Bank BTN Audit Committee
Chairman (Commissioner) members can be seen in the “Profile of the
Sahala Lumban Gaol Board of Commissioners” and “Profile of the
Member (Commissioner) Audit Committee”.
Dwijanti Tjahjaningsih
Member (Independent Party) Duties and Responsibilities
Muchammad Syafruddin • Assist the Board of Commissioners to
Member (Independent Party) ensure the effectiveness of the internal
Sondang Gayatri control system and the effectiveness of
Member (Independent Party) implementation of tasks of external auditors
Waldy Gutama and internal auditors.

• Assess the activities and the results of During fiscal year 2013, the Audit Committee
audit conducted by Internal Audit Unit and held meetings with attendance as follows :
external auditors Name
Number of
Attendance
Attendance
Meetings %
• Provide recommendations on improvement
of management control system and its Zaki Baridwan 13 3 23.07
implementation. Sahala Lumban Gaol 13 11 84.61

• Ensure there have been satisfactory
Dwijanti
evaluation procedures to all information Tjahjaningsih
13 - -
issued by the Bank.
M. Syafruddin 13 9 69.23
• Identify matters that require the attention of
the Board of Commissioners as well as their Triana Yuniati 13 8 61.53
other duties. Waldy Gutama 13 5 38.46
• Reviewing the financial information to be
Sondang Gayatri 13 4 30.76
released by the Bank to the public and/or
authorities including financial statements, Note:
• Zaki Baridwan served chairman until March 27, 2013
projections, and other reports related to • Sahala Lumban Gaol served members since February 13, 2013.
• Sahala Lumban Gaol has replaced Zaki Baridwan as Chairman
financial information of the Bank. since March 27, 2013
• Reviewing the adherence to laws and • Dwijanti Tjahjaningsih has served as a member since
November 27, 2013.
regulations related to the activities of the • Waldy Gutama and Sondra Gayatri have served as members
since September 26, 2013.
Bank. • Triana Yuniati served member until August 30, 2013
• Provide independent opinion in the event of
disagreements between management and The meetings are formal meetings of the Audit
the Accountant over services rendered. Committee. In addition to the meetings, the
• Provide recommendations to the Board of Audit Committee also attended Risk Monitoring
Commissioners on the appointment of an Committee meetings and other meetings held at
Accountant that is based on independence, the invitation of the Board of Commissioners to
the scope of the assignment, and fees. discuss certain matters with management.
• Reviewing the implementation of inspections
made by the internal auditor and supervising Brief Report on the Implementation of
the implementation of the follow-up by activities by the Audit Committee
the Board of Directors on internal auditor
findings. Supervision by External Audit
• Reviewing complaints related to accounting The external auditors are responsible for
processes and financial reports by the Bank. auditing the financial statements in accordance
• Reviewing and providing advice to the Board with Public Accountant Professional Standards
of Commissioners in relation to potential applicable in Indonesia and provide opinion
conflicts of interest of the Bank. whether the financial statements have been
• Maintain confidentiality of Bank documents, presented fairly, in all material aspects, the
data and information. financial position and results of operations and
• Perform other duties of the Board of cash flows of the company in accordance with
Commissioners in accordance with the the generally accepted Financial Accounting
tasks of the Committee. Standards in Indonesia.
Frequency of Audit Committee Meetings In fiscal year 2013, The Public Accounting
Attendance throughout 2013, the Audit Firm that has been assigned to audit the
Committee held meetings as many as 13 Company’s consolidated financial statements is
(thirteen) times, with the attendance of members, Purwantono, Suherman and Surja (KAP PSS -
as follows: EY).

The procurement of services by the Public During 2013, the number of audit objects
Accounting Firm has been through an auction completed was 138.82% of the Annual Audit
process in accordance with the prevailing Plan 2013.
regulations. The Audit Committee have reviewed
the appointment process and the determination Based on a review of the audit, the Audit
of the amount of audit fees are still within Committee submit the following suggestions:
reasonable limits. In conducting the external • The internal auditor should improve
audit supervision process, the Audit Committee evaluation of internal control related to the
has coordinated and conducted meetings with business processes of commercial and
the Public Accounting Firm to discuss the audit consumer lending, including KUR, especially
plan, important main issues of audit findings, in determining the collectibility of the loans at
as well as possible obstacles in the audit Branch Offices, so that determination of NPL
assignment. In addition, the Audit Committee can be in accordance with Good Corporate
have attended the exit meeting on sampling Governance principles.
checks made by the Public Accounting Firm at • In 2014 the Internal Audit Division should
several Branch Offices. The Audit Committee conduct audits that are more focused on
have further ensured that the barriers of the the business processes that contain a high
findings can be addressed and acted upon by risk through the application of risk-based
management. In addition, the Audit Committee audit method (risk based audit). And that
have also evaluated the quality of the audit by the IAD conduct an audit of all Branch Offices
external auditors, based on auditing standards in 2014.
and other prevailing regulations, including the • IAD should carry out monitoring and
evaluation of the independence and objectivity evaluation of the completion of the follow-
of the Public Accounting Firm. up on Bank Indonesia findings throughout all
Branch Offices.
Supervision of Internal Audit
In carrying out the function of a review of the In addition, reviewing the internal audit report,
internal control system, the Audit Committee the Audit Committee also monitored follow-up
seek to continue the role of internal audit in order by management on the audit findings of other
to be constantly improved with the evaluation parties such as: audits by Bank Indonesia and
of human resources, organizational structure, Badan Pemeriksa Keuangan.
internal audit reports and follow-up on findings.
The Audit Committee has reviewed the results The Audit Committee also monitor IAD follow-
of the work carried out by Internal Audit Division up of inspections made by Bank Indonesia,
throughout 2013, consisting of: where the IAD has conducted a special audit
• Conventional General Audit (Branch Offices of NPL management (corresponding with Bank
and Divisions) as many as 77 (seventy seven) Indonesia inspection results) at all Branch
Audit Objects. Offices.
• Sharia General Audit as many as 19
(nineteen) Audit Objects. Audit Committee have monitored the
• Information Technology Systems Audit as implementation of the improvements made by
many as 36 (thirty six) Audit Objects. Branch Offices by attending Exit Meetings of
• Internal Quality Audit as many as 19 both internal audit and external audit.
(nineteen) Audit Objects.
• Special Audit as many as 85 (eighty five) Related to other duties and responsibilities of
Audit Objects. the Audit Committee, have conducted a review
of compensation / remuneration package for

Commissioners and Directors. During fiscal paid attention and consideration to the
year 2013 the Board of Commissioners and competence, criteria, independence,
Board of Directors of the Company received confidentiality, code of conduct and
compensation / remuneration amounting performance of duties and responsibilities.
to Rp89.152 billion. The Audit Committee • Audit Committee Members from
concluded that compensation/remuneration independent parties have no financial,
payment for Directors and Commissioners management, ownership of shares and/
during fiscal year 2013 has been in accordance or family relationship with the Board of
with the prevailing regulations. Commissioners, Board of Directors and/or
Controlling Shareholders or relationship with
Based on the review and discussion at the the Bank, which may affect its ability to act
meetings as mentioned above, the Audit independently.
Committee found that:
• The presentation of published financial Risk Monitoring Committee
statements has fulfilled the principle of
openness. Structure, Membership, Expertise
• The Bank has an adequate internal control and Independency of Risk Monitoring
system. Committee
Risk Monitoring Committee in performing its
The Audit Committee have submitted a report, duties is guided by the laws and regulations,
suggestions and notes to the various activities among others: Bank Indonesia Regulation
of the company that need the attention of the No. 5/8/PBI/2003 dated May 19, 2003 on
Board of Commissioners in carrying out its the Implementation of Risk Management for
supervisory duties and functions and provide Commercial Banks, Bank Indonesia Regulation
advices to the Board of Directors. No. 8/4/PBI/2006 dated January 30, 2006
on the Implementation of Good Corporate
Independence of Audit Committee Governance for Commercial Banks, Bank
Members Indonesia Regulation No. 8/14/PBI/2006
• The Audit Committee of Bank BTN consist dated October 5, 2006 on Amendment to
of 5 (five) persons. One of the members Bank Indonesia Regulation No. 8/4/PBI/2006
of the Audit Committee of the Board of on the Implementation of Good Corporate
Commissioners who also serves as chairman Governance for Commercial Banks and Bank
of the Audit Committee is assisted by 4 (four) Indonesia Regulation No. 11/25/PBI/2009
other members of the Audit Committee, dated July 1, 2009 on Amendment to Bank
which consist of 1 (one) Commissioner and Indonesia Regulation No. 5/8/PBI/2003 on
3 (three) persons from an independent party. the Implementation of Risk Management for
• The competence/qualification as members Commercial Banks.
of the Audit Committee has met the
requirement that each member of the Audit The Structure and Membership of the Risk
Committee must have high integrity and Monitoring Committee is as follows:
sufficient knowledge and experience, at
least in one of the auditing areas, banking, Chairman
finance, or accounting, as well as have Maulana Ibrahim (Independent Commissioner)
sufficient knowledge and experience in other Member
areas as may be necessary in carrying out Akhmadi (Independent Party)
duties. Member
• Audit Committee Members do not come Sri Widodo (Independent Party)
from the Board of Directors of Bank BTN or Member
other Banks. Agung Kuswandono (Commissioner)
• Concurrent position of Audit Committee The curriculum vitae of Risk Monitoring Committee members can be
members from independent parties has seen in the section on “Risk Monitoring Committee Profile”.

Duties and Responsibilities » Reputational Risk with low inherent risk
In performing its duties, the Committee have rating
duties and responsibilities as follows: • Discuss compliance risk associated with
• Collect data and information and evaluate violations by employees
the Bank’s risk management policy that at • Discuss the increase in NPLs
least consists of: Credit Risk, Market Risk, • Discuss the integrity pact that has been
Liquidity Risk, Operational Risk, Legal signed by all Branch Managers.
Risk, Reputational Risk, Strategic Risk,
Compliance Risk, and Money Market Risk. Frequency of Risk Monitoring
• Conduct an evaluation of the suitability Committee Meetings
between the Bank’s risk management Throughout 2013, the Risk Monitoring
policies and the implementation of the policy; Committee held as many as 15 (fifteen) times
• Monitor and evaluate the implementation of meetings, with the attendance of members, as
tasks of the Risk Management Committee follows:
and the Risk Management Unit;
• Encourage empowerment of the Bank’s risk Name
Number of
Attendance
Attendance
Meetings %
management functions;
• Report to the Board of Commissioners in Sahala Lumban Gaol 15 12 80.00
terms of the likelihood of the Bank’s risk and Maulana Ibrahim 15 2 13.33
propose an alternative solution;
Agus Kuswandono 15 - -
• The Committee may conduct risk monitoring
activity in the units which is closely related to Haryanto 15 11 73.33
risk-based decision making and cooperate Prihartono 15 11 73.33
with Risk Management Division;
Sri Widodo 15 3 20.00
• Invite management and other internal parties
to attend Committee meetings to the extent Akhmadi 15 1 6.67
considered necessary and required. Note:
• Sahala Lumban Gaol as Chairman of the Risk Monitoring Com-
• Perform other duties of the Board in mittee until December 8, 2013.
accordance with risk management tasks. • Maulana Ibrahim as Chairman of the Risk Monitoring Committee
starting December 8, 2013.
• Agung Kuswandono as a Member of the Risk Monitoring Com-
mittee starting November 25, 2013.
Implementation of Risk Monitoring • Haryanto as a Member of the Risk Monitoring Committee up to
Committee Tasks July 31, 2013.
• Prihartono as a Member of the Risk Monitoring Committee up to
• Implementation of Risk Monitoring July 31, 2013.
• Sri Widodo as a Member of the Risk Monitoring Committee
Committee tasks in the period from January starting August 28, 2013.
to December 2013, which are: • Akhmadi as a Member of the Risk Monitoring Committee starting
November 10, 2013
• Discuss the risk profile of the position
in December 2012, with the following Risk Monitoring Committee Meeting is a
assessment: meeting to discuss the risk profile report with
» Credit Risk with inherent risk rating of the Directors, Risk Management Division,
low to moderate and the relevant Divisions. In addition to such
» Market Risk with low inherent risk rating meeting, the Risk Monitoring Committee also
» Liquidity Risk with inherent risk rating of attend the Joint Meeting, namely: a meeting
low to moderate to discuss matters related to risk management
» Operational Risk with inherent risk rating between the Board of Commissioners, Board
of low to moderate of Directors, and other Senior Management
» Legal Risk with low inherent risk rating members and Committees that assist the Board
» Strategic Risk with low inherent risk of Commissioners. This Joint Meeting is held at
rating the invitation of the Board of Commissioners.
» Compliance Risk with inherent risk rating
of low to moderate

Independence of Committee Members Remuneration and Nomination

Risk Monitoring Committee
• Risk Monitoring Committee consist of
4 (four) people. One of the members of Structure and Membership of the
the Audit Committee is the Independent Remuneration and Nomination
Commissioner as Chairman and assisted Committee
by 3 (three) other members of the Audit In performing its duties, the Remuneration
Committee, which consist of 1 (one) and Nomination Committee is guided by Bank
Commissioner and the 2 (two) people from Indonesia Regulation No. 8/14/PBI/2006
an independent party. dated October 5, 2006 on the Amendment to
• Competence/qualifications as a member Bank Indonesia Regulation No. 8/4/PBI/2006
of the Risk Monitoring Committee has met on the Implementation of Good Corporate
the requirement that each member of the Governance for Commercial Banks. In addition,
Risk Monitoring Committee must have the performance of duties of the Remuneration
high integrity and sufficient knowledge and Nomination Committee is also set out in
and experience, as well as have sufficient the Remuneration and Nomination Charter of
knowledge and experience in other areas as PT Bank Tabungan Negara (Persero) Tbk.
may be necessary in carrying out duties.
• None of Risk Monitoring Committee The composition of the Remuneration and
members emanate from the Board of Nomination Committee until December 31,
Directors of Bank BTN or other Banks. 2013 is as follows:
• Competence/qualifications as a member
of the Risk Monitoring Committee has met Chairman
the requirement that the appointment of any Amanah Abdulkadir (Commissioner)
member of the Risk Monitoring Committee Member
has paid attention and considered Sahala Lumban Gaol
the integrity, character, morals, and (Independent Commissioner)
independence as well as having knowledge Member
in economics, finance, banking and risk Dwijanti Tjahjaningsih (Commissioner)
management. Member
• Members of the Risk Monitoring Committee Rini Pudjiastuti
from independent parties have no financial, (Head of Human Capital Division)
management, ownership of shares and/ Member
or family relationship with the Board of Shalahuddin Haikal (Independent Party)
Commissioners, Board of Directors and/or Member
Controlling Shareholders or relationship with Rudolf Tulus Pandapotan Sirait
the Bank, which can affect its ability to act (Independent Party)
independently.
• Bank BTN’s Risk Monitoring Committee Duties and Responsibilities
members do not hold concurrent positions • Develop, implement, and analyze the criteria
or affiliated as an officer in the company’s and procedures for the nomination of
organizational structure. candidates for the Board of Commissioners
• Concurrent positions of Risk Monitoring and Board of Directors.
Committee members have paid attention • Monitor and analyze the nomination criteria
and considered the competence, criteria, and procedures for other executives up to 1
independence, confidentiality, code of (one) level below the Board of Directors.
conduct and performance of duties and • Evaluate the remuneration policy and provide
responsibilities. recommendations on the remuneration
policy for the Board of Commissioners,
Board of Directors and other executives up
to 1 (one) level below the Board of Directors.

• Conduct a review of the human capital Independence of Remuneration and
management system and human capital Nomination Committee Members
development policies ranging from • Remuneration and Nomination Committee
recruitment, assessment, competency have been established with the Independent
enhancement, evaluation, promotion, Commissioner as the Chairman, with 5
demotion, termination, succession, selection (five) members as members consisting
etc. of 1 (one) Independent Commissioner, 1
• Develop, analyze and provide (one) Commissioner and 1 (one) employee
recommendations as well as the criteria for representative, namely Head of Human
selection procedure, appointment, and/or Capital Division and 2 (two) persons from
replacement of members of the Board of independent parties
Commissioners and Board of Directors. • Board of Commissioners has established the
• Develop a performance appraisal system of Remuneration and Nomination Committee
the Board of Commissioners and Board of not in isolation but rather as one.
Directors. • Remuneration and Nomination Committee
• Develop and evaluate payroll system as well Members have competence and knowledge
as provide benefits to members of the Board of the remuneration system, nomination
of Commissioners and Board of Directors system and the succession plan of the Bank.
and make recommendations on: • The composition, expertise and
» Assessment of the system; independence criteria of the Remuneration
» Options granted , among other options and Nomination Committee is in accordance
on the shares ; with Bank Indonesia regulations.
» System Pensions, Old Age Allowance,
and Frequency of Remuneration and
» Compensation System and other benefits Nomination Committee Meetings
in terms of reduction of employees. Throughout 2013, the Remuneration and
• Review and provide recommendations on Nomination Committee held as many as 14
Industrial Adjustment Factors referred to in (fourteen) times meetings, with the attendance
the formula of Minister of SOE Regulation of members, as follows:
No. PER-04/MBU/2013 dated April 19, 2013
on the Amendment to the Regulation of the Name
Number of
Attendance
Attendance
Meetings %
State Minister for State Owned Enterprises
No. PER-07/MBU/2010 on Guidelines for Zaki Baridwan 14 1 7.14
Determination of Income for the Board of Sahala Lumban Gaol 14 9 64.29

Directors, Board of Commissioners, and
Amanah Abdulkadir 14 14 100.00
the Board of Trustees of State Owned
Enterprises. Dwijanti Tjahjaningsih 14 5 35.71
• Perform other duties of the Board of Rini Pudjiastuti 14 3 21.42
Commissioners in accordance with
Shalahuddin Haikal 14 14 100.00
Remuneration and Nomination tasks.
Rudolf Tulus
14 14 100.00
Pandapotan Sirait
Note:
List of meetings outside the internal Meetings and Working Culture
Discussions with HCD Staff
• Zaki Baridwan as Chairman of the Remuneration and Nomination
Committee until March 27, 2013.
• Sahala Lumban Gaol has become Chairman of the
Remuneration and Nomination Committee since March 27, 2013
until July 17, 2013, then became a member of the Remuneration
and Nomination Committee.
• Amanah Abdulkadir has become Chairman of the Remuneration
and Nomination Committee since July 17, 2013
• Shalahuddin Haikal has become a Member of the Remuneration
and Nomination Committee since June 1, 2013
• Rudolf Tulus Pandapotan Sirait has become a member of the
Remuneration and Nomination Committee since June 1, 2013.

Work Implementation Report of and Nomination Committee about the

the Remuneration and Nomination proposed remuneration for the Board of
Committee Commissioners and Board of Directors.
Throughout 2013, the Remuneration and • Related to nomination policy, the
Nomination Committee had been carrying out Remuneration and Nomination Committee
the duties and responsibilities assigned by the recommended the adoption of Pool of Talent
Board of Commissioners, which include a few policy by Bank BTN, by performing and/or
things, as follows: monitoring several stages of the process,
• Draft amendment to the Committee Charter. which essentially were as follows:
• Evaluate the implementation of the » Coordinate and monitor the development
work program of the Remuneration and of the nomination system (Pool of Talent)
Nomination Committee in 2013. of Bank BTN with Human Capital
• Develope a work program in 2014, Division.
which includes the preparation of » Provide recommendations on the
policy recommendations related to the systems and procedures for nominations
remuneration, nomination and other duties to be submitted to the Board of
assigned by the Board of Commissioners. Commissioners.
• Related to the remuneration policy, the » Board of Commissioners and Board
Remuneration and Nomination Committee of Directors discussed Bank BTN’s
recommended the remuneration policy of Human Capital Policy and Strategy and
the Board of Commissioners and Board of the Board of Commissioners conveyed
Directors in 2013, by carrying out and / or its recommendations to the Board of
monitoring several stages of the process, Directors, including the Pool of Talent
which essentially were as follows: Policy.
» Coordinate with Human Capital » Board of Directors determined Bank
Division in order to construct the BTN Human Capital Policy and Strategy,
proposed remuneration of the Board of including the Pool of Talent Policy, as the
Commissioners and Board of Directors. official policy of the company.
» Have discussion of the proposed » Coordinate and monitor of the nomination
remuneration of the Board of policy implementation of Bank BTN
Commissioners and Board of Directors in order to construct the adoption of
and recommended the discussion recommendations for candidates of
results to the Board of Commissioners. the Board of Directors to the Board of
» Board of Commissioners discussed Commissioners.
the proposal of the Remuneration

Committees under
the Board of
Directors
Asset & Liability Committee – • Long-term funding target through the

ALCO issuance of bonds, securitization and other
whole sale funding to be implemented
Structure and Membership according to cash flow.
Based on Board of Directors Regulation No. 17/ • Promotion of virtual account facilities and
PD/CMO/2011 on the Asset Liability Committee periodically monitoring the data of KPR
(ALCO) of the Company dated July 20, 2011, borrowers who have opened BTN savings
the ALCO personnel structure composition is as accounts.
follows: • Placement of Bank BTN’s KPR/KPA
marketing personnel in the marketing
Chairman centres of the Ciputra Group and accelerated
President Director approval process and disbursement of loans
Secretary and member • Improvement of the quality of loans in NPL
Director that supervises Treasury and Special Mention categories.
Members • Determine the minimum secondary reserve.
• Director that supervises Business • Conduct a review of the commercial loan
• All Heads of Business Divisions approval authority at the Regional Office and
• Head of Finance & Accounting Division Branch Offices.
• Head of Strategy & Performance • Design an action plan of loan growth with
Management Division emphasis of good quality and high margin
• Head of Consumer Collection & Remedial loan growth.
Division • Establish measures for optimization and
• Head of Risk Management Division improvement of financial ratios including
• Head of Compliance Division BOPO, NIM, LDR and PPAP.
• Change Management Office Coordinator
Non-Permanent Members: Information Technology Steering
• Other Directors other than the Director of Committee
Compliance
• Divisions that are Invited by Necessity Structure and Membership
Based on Board of Directors Regulation No.
Duties and Responsibilities 18/PD/CMO/2011 dated July 20, 2011 of
ALCO Committee develops asset and liability Information Technology Steering Committee
management strategies in order to maximize the (IT Steering Committee) of PT. Bank Tabungan
Bank’s profitability and maintain the structure of the Negara (Persero) Tbk, the Organizatonal
Bank’s balance sheet through productive assets Structure of Information Technology Steering
management, reduction in cost of funds as well Committee is as follows:
as interest rate risk and liquidity risk management.
Chairman
Implementation of Tasks and Frequency Director who supervises Information Technology
of Meetings Secretary and member
Throughout 2013, the Asset & Liability Head of Information & Communication
Committee held 12 meetings with the decisions Technology Division
as follows: Permanent Members
• Conduct a review and adjustment to interest • Director who supervises Risk Management
rates of Funding and Loan products, Sharia and Compliance
financing products and margins and Sharia • Director who supervises Consumer Banking
financing profit sharing. • Head of Risk Management Division
• Establish strategic measures for the • Head of Operations & Business Support
improvement of raising third-party funds, in Division
particular retail funds and the optimization of • Regional Office Head
loan growth.

Non-Permanent Members the business impact, efficiency and risk

• Other Directors mitigation.
• Divisions that are Invited by necessity » Propose reduction of teller-based
transactions to be directed toward ATM
Duties and Responsibilities transactions.
Information Technology Steering Committee is » Conduct a study of potential fee-based
responsible for providing recommendations to income from ATM -based student cards.
the Board of Directors related to: • Capacity Core System 2013-2017
• Information Technology Strategic Plan which » Capacity of resource core system
is in line with the strategic plan of the Bank’s where one of which is dominated by the
business activities; printing process of ddm demand deposit
• Conformity of Information Technology statements concurrently. This will be
projects approved by Information Technology mitigated through:
Strategic Plan; - Restriction of authorized users (Loan
• Compatibility between the implementation of Account Supervisor) adapted to the
Information Technology projects with agreed location of coordination and needs, or
project plans (project charter); - Restriction of Arcoll dedicated pc, and
• Compatibility of Information Technology - Utilization of iColl application.
with the need for management information » Adding Capacity Core System of which
systems and the need for business activities the procurement method is based on
of the Bank; CAPEX investment to be directed to
• The effectiveness of measures to minimize leasing/OPEX. Procurement of capacity
the risks of investment of the Bank in the core system will be filed after a review of
Information Technology sector so that the the impact on the development trend of
investment contributes to the achievement the existing core system during the first
of the Bank’s business objectives; 3 months after the execution of item 2a
• Monitoring the performance of Information » Each IT procurement will be equipped
Technology and its improvement efforts; with a review and selection criteria of
• Settlement efforts of various issues related parameters in accordance with CAPEX
to Information Technology, which cannot be or OPEX based on the amount of
resolved by user and provider work units Procurement Value and Risk.
effectively, efficiently and on time. • Dual Data Centre, lmplementation of Web
Teller, IDAS / EDW, Disposal Server
Implementation of Tasks and Frequency » A technical assessment will be
of Meetings conducted of candidate data centre data
Throughout 2013, the Information Technology leasing providers selected by reference
Steering Committee held 2 (two) meetings with to criteria oriented to availability and
the decisions as follows: security, followed by compliance with
• Project Charter 2013 & IT Initiative prerequisite standards for site selection.
Prioritization Method » For preparing implementation of web teller
» The IT initiative is focused on improving must be coordinated with RMD related to
funding/third party funds and fee-based risk management, formulation of SOPs on
income. policy implementation and availability PIC
» Development of H2H divided into phases operational support which includes the
with clear completion time line in order Head Office and Branch Offices,
not to potentially hinder the progress of » Implementation of pinpad throughout
existing projects and the existence of Branch Offices in the Greater Jakarta Area
new carryover. to be completed by end of February 2013.
» IT development initiative project priority » Related to the utilization of IDAS & EDW,
setting method based on the input of this should be driven by continuous

dissemination to all stakeholders » For the purposes of the execution of
including the Branch Managers. Project Charter 2014 in the third quarter
» Related to cleansing of data, this will be of 2013, has been determined the flow
done through ‘Add Data’ method rather mechanism of the Life Cycle Project for
than ‘Replace Data’ to maintain relations BTN Product and Service Development
and integrity of the change from old data with reference to the stages of the
to new data. project. This is in tune and has been
» Ex fire development server disposal accommodated in BTN’s corporate
proposal should be submitted to policy, namely STORMS (Strategic and
the Board of Directors and Board of Performance Management System)
Commissioners. by adopting the Balance Scorecard
» In order to accelerate the process framework.
of procurement and development of » Referring to Bank Indonesia Regulation
applications that have become BTN’s No.9/15/PBI/2007 on the Implementation
core system such as middle ware, of Risk in Using Information Technology
ITM etc., it has been approved to be for Commercial Banks, it is necessary
implemented as a package in the form to control and monitor the Board of
of a contract that has been done on Directors and all management of BTN to
conventional core banking. implement IT governance.
» Conduct program consolidation of the » Establish strategic initiative priority scales
diversion method for KPR instalment and methods into a coherent policy
payments from tellers to ATMs to and consider BTN Long Term Plan, the
streamline operational costs and Bank’s Business Plan and RSTIK.
increase fee-based income. This will » Propose the establishment of a new
affect the business process of KPR unit/function to bridge the interests
repayment by borrowers. between business units and IT so
• Project Life Cycle: product & service that the transformation process and
development for the implementation of organizational maturity is in accordance
Corporate Project Life Cycle: with IT best practices and governance.
Business Assessment, Compliance, Risk

Resources, Access Authority.
Approval and Priority of Products Committee

and Risk Management Committee.
Not Yet
Internal Analysis of ICT Optimized
Approval KPTI (Project Charter)
IT Development
Preparation of Policy, Planning &

Implementation Strategy
Post Implementation Review

(overall) Monitoring
Product/
Services
Project Closing Periodically

• Capacity Planning Core System Coordinator.

» Using the data of BTN’s business Risk, Compliance & Human Capital Director
growth/development for calculation of Secretary and member.
Capacity Planning in order to anticipate Human Capital Division Head
the dynamics of the business. Permanent Members
» Conduct a comprehensive study as Other Directors in accordance with the level of
a form of long-term risk mitigation interest.
related to the efficiency and utility Non-Permanent Members:
of Architecture, Data Retention, Other Division Heads who are invited by
Performance and Capacity Planning necessity.
of the Core banking System and Supporting Group
Governance/Policy adjustments Department Heads along with Career &
required to support it. Development Unit at the Human Capital Division
• XBRL -based LSMK
» Establish a XBRL-based LSMK application Duties and Responsibilities
project implementation team structure • Recommend strategies, policies and human
of which project procurement will be capital management system, recruitment,
conducted through auction mechanism. selection, performance management,
» IT support to the development of Sharia compensation, career management,
PSAK 50/55. succession plan, training and development
» Cleansing and simplification of Loan in long term and short term.
Types will be done through a possible • Recommend rise and variable services,
mechanism of Data Grouping/ incentives and welfare.
classification or Parameterization in • Monitor and supervise the implementation
accordance with the policies and needs of human capital program to fit the human
of the business plan. Other related capital strategy, policy and management
lmprovements are automation of the system.
Loan Type determining process into the • Recommend completion of problems
system to be in line with the maximum associated with inputs submitted by the
shift mechanism of loans and interest Personnel Division to the Division/Desk/
rate calculations. Region/Branch/Team relating to the above
» Coordinate monitoring the progress of item.
settlement of FLPP credit related to the • As an independent forum for officials/
Procurement Application of the FLPP employees to clarify the decision of the
Database & FLPP Checking for BLU Personnel Committee to the Division/ Desk/
Ministry of Public Housing. Region/Branch/Team concerning with
» A review will be conducted on risk the placement/ assignment of officers/
aspects and security aspects related employees.
to the plan of granting external access • Provide input to the Board of Directors on
to iDas and iFlow information system proposed promotion and rotation process.
applications. • The Committee is responsible for policy
recommendation proposals to be further
Personnel Committee determined through the mechanism of
Structure and Membership board of directors meeting.
Based on PD No.19/PD/CMO/2011 on Personnel • The Committee has the authority to make
Committee (Human Capital Committee) of decisions beyond points 1 to 7 above,
PT. Bank Tabungan Negara (Persero) Tbk, if given mandate by Board of Directors
the Organizational Structure composition of Meeting.
Personnel Committee is as follows:

Implementation of Tasks and Frequency of • Establish promotion and transfer of
Meetings employees
Throughout 2013, the Personnel Committee • Determine pension benefits for participants
held 19 meetings which resulted in various of Bank BTN Pension Fund.
decisions, which in essence are as follows: • Determine imposement of sanctions to
• Determine executive officer performance employees.
appraisal. • Determine career planning policy, rewards,
• Determine distribution of bonuses for 2012. performance management systems and
• Determine pro hire employees to become outsourcing policies.
permanent employees.
Sharia Business Unit GCG

Implementation Report
Structure and Membership of the

Sharia Supervisory Board
The structure and membership of the Sharia Supervisory Board as of December 31, 2013 is as follows:
Name Position Decree of Appointment
H. A. Nazri Adlani Chairman • PT. Bank Tabungan Negara (Persero) Tbk Board of Directors Decree No. 16/
DIR/2009 dated February 10, 2009 on the Appointment of the Chairman and
Members of the Sharia Supervisory Board of PT. Bank Tabungan Negara (Persero)
Tbk, of which the Decree was valid from February 15, 2009 up to February 14, 2013
• PT. Bank Tabungan Negara (Persero) Tbk Board of Directors Decree No. 275/DIR/2013
dated May 2, 2013 on the Extension of Tenure of the Sharia Supervisory Board of PT.
Bank Tabungan Negara (Persero) Tbk, of which the Decree is valid from March 28, 2013
H. Mohamad Hidayat Member
until the stipulation and appointment of a new Sharia Supervisory Board.
• PT. Bank Tabungan Negara (Persero) Tbk Board of Directors Decree No. 927/
DIR/2013 dated December 27, 2013 on the Extension of Tenure of the Sharia
Supervisory Board of PT. Bank Tabungan Negara (Persero) Tbk, of which the Decree
is effective as of January 1, 2014 up to December 31, 2016
• PT. Bank Tabungan Negara (Persero) Tbk Board of Directors Decree No.166/
DIR/2010 dated July 19, 2010 on the Appointment of the Members of the Sharia
Muhammad Syakir Sula Member
Supervisory Board of PT. Bank Tabungan Negara (Persero) Tbk, of which the Decree
is effective as of July 19, 2010 up to July 18, 2015
Duties and Responsibilities of Sharia » Request a fatwa to the National Sharia

Supervisory Board Council for new products of Sharia
• Provide counsel and advice to the Board Business Unit of Bank BTN.
of Director and supervise the activities of • Implementation of Sharia Supervisory Board
Sharia Business Unit to conform with Sharia duties and responsibilities as stipulated in
principles. the points above will be further regulated in
• Implementation of duties and responsibilities accordance with the latest provisions.
of Sharia Supervisory Board referred to in
point 1 shall include, among others: Frequency of Meetings and Attendance of
» Assess and ensure compliance with the Sharia Supervisory Board
Sharia principles and operational Throughout 2013, Sharia Supervisory Board held
guidelines and products issued by the 24 (twenty four) meetings with the attendance of
Sharia Business Unit of Bank BTN. members, as follows:
» Supervise new product development
process of Sharia Business Unit of Bank Name
Number of
Attendance
Attendance
Meetings %
BTN from the beginning to the launch of
the product Ahmad Nazri Adlani 24 24 100
» Provide Sharia opinion on new products H. Mohamad Hidayat 24 24 100

and/or restructured financing.
Muhammad Syakir Sula 24 24 100

Name Program
Implementation of Tasks of the Sharia
Ijtima Samawi (Sharia Forum held
Supervisory Board H. A. Nazri Adlani
by the National Sharia Council)
During 2013, Sharia Supervisory Board executed
duties and/or produced several decisions as H. Mohamad Hidayat
follows:
• Provide opinion on: Muhammad Syakir Sula
» Bank BTN Sharia Business Unit
Performance Report December 2012.
» IT Development Report. Concurrent positions of Sharia
» Bank BTN Sharia Business Unit Supervisory Board Members in other
Performance Report January 2013. Sharia Financial Institutions
» Sharia Supervisory Board Opinion Details of double positions of Sharia Supervisory
concerning Sharia Compliance and GCG. Board are as follows:
» Discussion Financing Product Agreement Name Dual Position
and Funding Product Agreement and H. A. Nazri Adlani 1.DPS UUS Bank BTN
Cooperation Agreement.
1.DPS UUS Bank BTN
» Bank BTN Sharia Business Unit 2.DPS Manulife
H. Mohamad Hidayat
Performance Report March 2013. 3.DPS Allianz
4.DPS Bank Syariah Mandiri
» Special Treatment of iB BTN Customer
Deposits. Muhammad Syakir Sula 1.DPS UUS Bank BTN
» Calculation of Profit Sharing from the
Use of Funds between Sharia Branch Sharia Supervisory Board
Offices (Distribution of Profit Sharing Remuneration Policy and Facilities
from Interoffice accounts). The remuneration package/policy and other
» Implementation of iB BTN Tunas at facilities for Sharia Supervisory Board are as
Palembang Sharia Branch Office. follows:
» Soft Lending to Employees (KLK). • Remuneration package/policy and other
» Discussion of iB BTN Tunas Agreement. facilities for Sharia Supervisory Board
» Bank BTN Sharia Business Unit members determined at the General Meeting
Performance Report May 2013. of Shareholders of the Bank are: salaries and
» iB BTN Tabungan Haji Financing bonuses/tantieme.
Administration Component. • Type of remuneration and other facilities
» Discussion Bank BTN Sharia Business for all members of the Sharia Supervisory
Unit Performance Report August 2013. Board, the total number of remuneration
» Dispute Resolution. package/policy and other facilities is:
» Administrative Charges on Passive Amount Received in
Type of Remuneration and 1 Year
Accounts. Other Facilities
Person Rp million
» Sukuk Implementation on Bank BTN
Sharia Business Unit. Remuneration 3 306
» Discussion Performance November Other Facilities

2013 and so forth. • can be owned - -
• can not be owned - -
Training of Sharia Supervisory Board The number of Sharia Supervisory Board

The Bank continues to develop competencies for members who receive remuneration in any one
all staff. To support the implementation of Sharia year is grouped in the range of income as follows
Supervisory Board tasks throughout 2013, Total Remuneration* per person Total of Sharia
in 1 year Supervisory Board
the members of Bank BTN Sharia Supervisory
Board participated in various training programs, Above Rp2 billion -
workshops, conferences, seminars, among Above Rp1 billion to Rp2 billion -

others:
Above Rp500 million to Rp1 billion -
Under Rp500 million 3 persons

* received in the form of fund (non natura)

Total Internal Fraud and Completion the Bank, the number of internal fraud with no
Efforts by Sharia Business Unit settlement efforts and the number of internal
fraud that has been followed through the legal
The number of completed internal fraud, internal process are as follows:
fraud under settlement process internally at
Total of Cases executed by

Board of Commissioner Permanent Employee Non Permanent Employee
One Year
Previous Previous Previous
Current year Current year Current year
year year year
Total Fraud - - - - - -
Settled - - -
In the process of settlement in

- - - - - -
the internal Sharia Business Unit
Not yet settled - - - - - -
Followed up by legal
- - -
proceeding
Number of Legal Issues Faced by

Sharia Business Unit Distribution of Funds for Social Activities
The number of civil and criminal law issues that by quantity and Beneficiary Party
have been completed (already have permanent Disbursement of funds by Bank BTN Sharia
legal force) and those that are still in the process Business Unit is as follows:
of settlement are as follows: Receiver Total (Million of Rupiah)
Number Bazis Bank BTN 23
Legal Issues
Civil Criminal
Have been completed (already
have final and conclusive legal - - Non-Halal income and Uses
force)
Non-halal income is derived from interest income
In the process of completion 10 3 and placements with Bank BTN (parent) which
Total 10 3 is used as a liquidity fund for the Sharia Branch
Office. Income earned during 2013 is as follows:
Source of
Description Use of Funds Total Value
Funds
Source of Qard Funds Qard initially 488,877
Period Source of Funds Qard

• Fines 5,461,336
• Donations/Grants -
• Non Halal Income 145,002,416
• Others -
Total Revenue Sources 150,463,752
Use of Qard Funds
• Loans -
• Donation -
• Others (ZIS BTN) 144,582,192
Total Qard Usage 144,582,192
Increase (Decrease) of Sources due to Usage 5,881,560
Of Qard Source of Funds at the End of the Period 6,370,437

Corporate Secretary
Name and Position History (Brief) Viator Simbolon (the Corporate Secretary’s
To improve service to the public and investors, short biography can be viewed the Company
Bank BTN as a public company has established Data section in this annual report).
the Corporate Secretary, who acts as the Bank’s
liaison with investors, capital market participants, The brief employment history of Viator Simbolon
regulators and also observers,as occupied by at Bank BTN is as follows:
List of Name and Position History of the Corporate Secretary.

Position Branch Work Unit Date/Month/Year
Implementer Head Office - Jakarta Development Bureau 01.07.1986
Planning Bureau Head Office - Jakarta Research Bureau 01.12.1989
Planning Bureau Head Office - Jakarta General Credit Desk 04.01.1991
Acting Head of Section Head Office - Jakarta General Credit Desk 01.02.1993
Head of Section Head Office - Jakarta BKK 01.07.1993
Head of Section Head Office - Jakarta General Credit Bureau 01.12.1993
Deputy Branch Class Two

Branch Office - Banjarmasin BO Banjarmasin 01.07.1995
(Wakacada)
Third Class Branch Manager

Branch Office - Pontianak BO Pontianak 15.04.1998
(Kacaga)
Third Class Branch Manager

Branch Office - Depok BO Depok 10.11.1999
(Kacaga)
Deputy Manager of the Main

Branch Office - Denpasar BO Denpasar 01.05.2005
Branch (Kacada)
Deputy Head of the Main Branch

Branch Office - Tangerang BO Tangerang 01.05.2008
(Wakacama)
Main Branch Manager Branch Office - Bogor BO Bogor 01.05.2010
Branch Manager Branch Office - Bogor BO Bogor 01.01.2011
Branch Manager Branch Office - Bandung BO Bandung 01.07.2011
Regional Office Head Regional Offices III Regional Offices III 01.11.2012
Corporate Secretary Division Head Head Office - Jakarta Corporate Secretary Division 01.06.2013

In addition, Viator Simbolon also carries out
other assignments, such as:
Other Assignments of the Corporate Secretary

Position Description Month/ Date/Year
Leader Branch Officer Procurement Leader December 12, 2006
Implementation of Tasks • Provide information to the capital market

community and the public related to the
Corporate Secretary duties are: performance and activities conducted by
• Facilitate effective communication and the Company.
ensure the availability of information to the • Coordinate implementation of media
public, investors and various parties related gathering.
to the Company’s condition. • Coordinate marketing communication
• Serve as primary liaison (contact person) activities of the Company.
between the company and OJK and the • Deliver regular and incidental reports to OJK
public. and the Indonesia Stock Exchange, including
• Following the development of the capital reports on information disclosure, corporate
market and provide input to the Board actions taken by the Company as well as
of Directors regarding capital market annual reports and financial statements.
regulations. • Coordinate the implementation of the Annual
• Administer and store corporate documents. General Meeting of Shareholders.
• Attend the implementation Board of
The implementation of the tasks performed Directors meetings and make Board of
by the Corporate Secretary throughout 2013, Directors Meeting minutes.
include: • Conduct corporate social responsibility
• Conduct quarterly exposure of Bank BTN to activities
the media and the capital market community
as a form of information disclosure and good
corporate governance.

Information Technology
Governance
IT governance is the responsibility of the Board The needs for IT Governance

of Directors and Executive Management as an
integral part of corporate governance which • Bank BTN in IT governance rests on BPI
consists of leadership, planning skills, and No.9/15/PBI/2007 on the Application of
methods for ensuring the support and alignment Risk Management in Using Information
of IT organization to the strategies and objectives Technology.
of the company. • IT has become an essential part of running
key business processes.
Organizing of all existing capacities is to devise • IT is increasingly expected to provide quality
formulas for IT plans and strategies, developing services to the business units with the
and implementing initiatives, and managing IT ultimate goal to serve customers.
operations to provide a competitive edge for the » Increased contribution/role of IT
organization. » The growing demand from business
units for effective IT solutions
» The increasing complexity of IT
Infrastructure
» Increased competition
» Increased pressure to realize Return on
Investment

COBIT IT Governance » 4 Domains:
- Plan and Organize (PO)
• Strategic alignment is focused on ensuring - Acquire and Implement (AI)
connectivity between business plan and - Deliver and Support (DS)
IT plan, defining, managing and validating - Monitor and Evaluate (ME)
and aligning IT operations with corporate » 34 Process
operations. » 210 Control Objectives
• Value delivery is about the execution • The main objectives of mapping IT processes
of IT plan through a cycle of services in the framework of COBIT are to:
to ensure that IT continues to provide » Get a picture of IT Governance process
benefits as planned with a focus on that is currently being implemented
optimizing costs and proving the intrinsic » Identify the gap between IT governance
value of IT. process currently at Bank BTN with
• Resources management is about optimizing IT governance processes required by
investment and proper management of COBIT based on IT management review.
essential IT resources namely: applications, • To get a Maturity Level over IT processes at
information, infrastructure and HR. BTN is done by a self-assessment workshop
Important issues regarding the optimization to get the maturity level that starts from non-
of knowledge and infrastructure. existent (0) to optimized (5).
• Risk Management requires the • With reference to the processes at
awareness of senior corporate COBIT process owners can obtain a
officials to risks, clear understanding benchmark of COBIT control objective
about the company’s risk appetite, gradually in response to the following three
understanding the fulfilment of compliance, requirements:
transparency of significant risks » Relative size for the current position of
and alignment of organizational risk the company
management responsibilities. » Reference for determine where to go
• Performance Measurement to monitor and efficiently
supervise the implementation of strategies, » Tools for measuring progress toward
project completion, resource usage, process goals/objectives
of performance and services provided • The purpose of the Maturity Level is to get a
using, for example, balance scorecards more complete picture of the IT governance
that translate strategy into action to achieve process that has been obtained from the
measurable objectives that exceed the usual mapping results.
accounting calculations. • Maturity Level does not indicate how well
the IT process has been implemented
COBIT IT Maturity Mapping but rather the presence or absence of
‘Design control’ to be adhered to.
• Mapping is conducted on the currently
running IT governance processes at Bank
BTN in the framework of Control Objectives
for Information and related Technology
(COBIT) consisting of:

Code of Conduct
In conducting its business, Bank BTN seeks • Provide a basic guide for all levels and ranks
the best implementation of ethical standards of the Bank’s organization in implementing
(Ethical Code) in accordance with the Code standards of behavior and business ethics
of Conduct (Code of Conduct and Business when performing interaction between
Ethics) to support the implementation of GCG employees and employees, customers,
on any personnel. investors (shareholders), suppliers, the
government, environment and all other
The existence of Code of stakeholders.
Conduct • As a real effort to improve the Bank ‘s image
in the eyes of the community on an ongoing
The existence of Code of Conduct of Bank BTN basis so that Bank BTN is not only known
is intended, among other things to: through achievement of figures and good
• Implement the company’s values into financial performance, but, above all, is also
employee conduct standards and business known to resort to doing business in an
ethics that are aligned with the vision and ethical and dignified manner in reaching the
mission of the Bank. achievements.
• Describe the company’s values into employee
conduct standards and business ethics that Contents of the Code of Conduct
must be adhered to by all employees of
Bank BTN in performing their daily tasks and Bank BTN’s Code of Conduct is divided
responsibilities. into five sections which contains the
• Describe in detail the employee conduct implementation of codes of conduct and
standards and business ethics so that the business ethic standards in relation to various
employees of Bank BTN can assess the stakeholders ranging from employees,
desirable human behavior and help to give customers, suppliers and services, competitors,
consideration if facing doubt in taking action. partners, the government, communities, the
media and professional organizations.
• Provide services that exceed customers’ expectations, both internal and external customers, by
way of behaving :
» Friendly, polite and courteous.
» Caring, proactive and responsive.
• Constantly developing new ideas and continuous improvement that add value to the Bank,
through:
» Initiatives to make improvements.
» Oriented on creating added value.
• Starting with yourself, exemplary in behavior that reflects the work cultural values of the Bank,
by way of:
» Being an example in behaving well and properly.
Implementation of
» Motivating application of work cultural values.
Employee Behavior
• Competent in their field and continue to develop themselves so as to produce the best
Guidance
performance, as well as providing added value to the company and all employees of Bank BTN,
(PRIMA PATTERN)
by way of:
» Competent and responsible .
» Working smart and thorough.
• Consistency between thoughts, words and actions in accordance with company’s provisions,
professional code of ethics and the principles of commendable truth, by behaving:
» Consistent and disciplined .
» Honest and dedicated
• Build sincere and open relationships with fellow employees and other parties based on mutual
trust and respect for a common goal, by behaving:
» Sincere and open.
» Mutual trust and respect.

Employees must always avoid the condition, situation, or an appearance of conflict of interest and
abuse of office by way of:
• Complying with regulations, systems, and established procedures.
• In carrying out its duties and responsibilities, the Board of Commissioners and Board of
Directors and employees of the Bank must continue to prioritize the company’s economic
interest above personal economic interests or family, as well as other parties.
• Members of the Board of Commissioners and Board of Directors and employees of the Bank
are prohibited from abusing their position for personal interest or gain, family and other parties,
by way of:
» Not holding shares/ownership in a business entity that is a partner or a competitor
Handling Conflicts of company in an amount that may affect decision-making including husband/wife and
Interest children.
» Not having a business directly related to the company›s activities, including husband/wife
and children.
» No concurrent positions and jobs in other companies and / or in accordance with
applicable regulations, which could result in not objective decision-making.
» Not giving or receiving a loan from goods/service providers and consumers.
• In terms of discussion and decision-making that contains elements of conflict of interest the
parties concerned are not allowed to participate.
• Shareholders who have a conflict of interest must exclude their votes at the General Meeting
of Shareholders (GMS) in accordance with the decision taken by the shareholders who do not
have a conflict of interest.
• Each Board and Bank Employee are prohibited from giving or offering something, either
directly or indirectly, to public officials and or individuals who represent business partners,
which are intended to influence decision making. Bank employees can give gifts/souvenirs and
entertainment to another party on condition that:
» Support the interests of the Bank.
» Not intended to bribe.
» It has been budgeted by the Bank, and
» If the gift/souvenir is in the form of an object it must include the logo/name of The Bank.
Giving and Accepting • Each Board and Bank Employee are prohibited from accepting anything of interest, either
Gifts/Gratuities directly or indirectly, from a business partner, which can influence decision-making:
» Accept entertainment in the form of a banquet.
» Accept promotional items that do not include the logo / name of the giver company.
• Donation by the Bank or the provision of a company asset to a political party or one or more
candidates of legislative or executive body, should only be done in accordance with the laws
and regulations, within the limits of decency as determined by the Bank, but donations to
charity can be justified;
• Each Board and Bank Employee are required every year to make a statement to not give
anything or accept anything that may affect decision making.
• Company organs and bank employees must carry out the laws and regulations, as well as the
rules of the Bank.
• The Board of Commissioners shall ensure that the Bank’s Board of Directors and employees
Regulatory Compliance
carry out the laws and regulations, as well as the rules of the Bank.
• The company must keep records of assets, debts and capital properly in accordance with
generally accepted accounting principles.
Bank employees shall always make use of Bank data and information to improve corporate values
and decision-making by way of:
• Members of the Board of Commissioners and Board of Directors , shareholders and employees
of the Bank must maintain the confidentiality of company information in accordance with the
laws and regulations and the Bank’s rules and prevalence in the business world. Therefore, the
Bank sought a few things, as follows:
» Using proper data security systems .
» Provide information that is relevant and proportionate to the stakeholders by keeping in
mind the interests of the Bank.
Confidentiality and » Avoid dissemination of data and information to others who do not have any interest, either
company information during work or after stopping work.
» Submit all data related to the company at the time of stopping work.
» Maintaining confidentiality of information of consumers.
• Each member of the Board of Commissioners and Board of Directors, shareholders and
employees of the Bank are prohibited from misusing information relating to the Bank, including
but not limited to, information of takeover plans, business mergers and stock repurchases.
• Any former member of the Board of Commissioners and Board of Directors and employees
of the Bank shall not disclose confidential information of the company obtained during office,
unless the information is needed for examination and investigation in accordance with laws and
regulations, or is no longer a secret held by the Bank.

Employees shall be neutral toward all political parties by way of:

• Not conducting any form of political activity, both within the Bank and outside the Bank unless
executing their political rights as citizens .
Political activity
• Not using the facilities of the Bank for the benefit of certain groups / political parties.
• Not carrying, exhibiting, installing, and distributing symbols, images and ornaments of political
parties in the environment of the Company.
• The Board of Commissioners is obliged to accept and ensure that complaints about violation of
business ethics, code of conduct, company rules and laws and regulations, are processed in a
Whistleblowing timely and reasonable manner;
Implementation System • The Bank guarantees protection for individuals who have reported violations of business
ethics, code of conduct, company rules and laws and regulations. In doing so, the Board of
Commissioners assigns tasks to committees.
Disclosure of Code of Conduct Code of Conduct Enforcement

for All Employees Efforts
• Code of Conduct is disclosed and/or Bank BTN is always striving to run its business
distributed to all employees via internet by in accordance with good corporate governance
the bank called Access Internal Management principles. To achieve this goal, Bank BTN
Standards (AIMS) with the support of formulates and implements corporate values
information technology that is easily into employee behavior and business ethics in
accessible by all employees at any time. accordance with good corporate governance
• Periodically, business ethics are principles and corporate culture of the company
conveyed to all staff members to be into the Code of Conduct (Bank BTN Standards
implemented in an orderly manner through for Employee Behavior and Business Ethics).
Memos and/or Letters from the Director or
Division responsible for managing business In 2013, Code of Conduct enforcement efforts
ethics. were done in several ways, including:
Efforts Information
• Management has a strong commitment to implementing GCG consistently. This includes
the implementation of business ethics and PRIMA PATTERN inherent to the implementation
of GCG as set out in the Corporate Code of Conduct. As a reaffirmation, this is realized
through the efforts of:
» The determination of GCG , associated within is the implementation of business ethics
and PRIMA PATTERN, one of the Key Performance Indicators (KPI) according to the
2013-2017 Long Term Plan (RJP).
» Appropriate to the Bank BTN Strategy Map 2013-2017 through the implementation of
Commitment Reinforcement the Balanced Scorecard (BSC), GCG (including business ethics and PRIMA PATTERN)
Efforts and Development has been established as one of the Corporate KPIs, namely the Business Process
of GCG Soft Structure perspective.
(including business ethics). » Implementation of GCG (including Business Ethics and PRIMA PATTERN) is one of the
KPIs included in the management contract of all work units.
» Reinforcement of Management Commitment to implementing business ethics and
employee code of conduct as the Bank’s work culture is outlined in the Bank’s GCG
Soft structure in the form of management policies in writing. The Bank continues to
review and/or up-date its business ethics policies in order to comply with best practices
and regulations as described above.
• In such policies have been arranged a variety of things as a guideline in implementing
business ethics and employee behavior.

Efforts Information
• Some GCG infrastructure (including for the implementation of business ethics and PRIMA
PATTERN), which has been equipped by Bank BTN in the period 2013 are:
» Reappointment of GCG Champion (GCG coordinator and assessor) in all working units
of Head Office in an effort to increase awareness of the implementation of GCG and
Work Program execution coordinator in each working unit.
» Making Scoreboard to monitor the implementation of GCG in each working unit
(including the implementation of business ethics) and at the same time as an indicator
to determine the achievement of working unit KPIs appropriate to the Balanced
Scorecard method.
• In 2013, Bank BTN took several measures, as follows:
» Making changes to the working unit organizational structure of the Compliance Desk
Completing Infrastructure
into Compliance Division.
» Making changes to partially GCG management which originally was under Corporate
Secretary Division to become a part of Compliance Division.
» Establish WBS management team with the following Organizational Structure:
• Trustee: President Director
• WBS Team:
» Head of Internal Audit Division ( Chairperson & Member)
» Head of Legal Division (Secretary)
» Head of Compliance Division (Member)
» Head of Human Capital Division (Member)
• Supported by: IAD
Execute multiple strategies, as follows:
• Socializing the business ethics policy of the Bank on an ongoing basis.

• In 2013 a tag line competition was held related to GCG principles and Work Program
deliverable of each Division.
• This business ethics and work culture awareness program will always be done on a
sustainable basis.
• Socialization of the implementation of GCG principles at all Branch Offices. The Branch
Office performs socialization of GCG materials by way of presentation to all officials and
employees in Working Culture Group (KBK) events; put up posters regarding GCG on
bulletin board or wall magazine.
• Socialization of Conflict of Interest to all Divisions and Branch Offices. Every bank employee
Awareness must report any irregular facts regarding Corporate Code of Conduct to Human Capital
Division and review results should be followed up to the Board of Directors and/or the Board
of Commissioners within their scope and responsibilities.
The Officers and Employees of the Bank or third parties who are aware of any violation of
the provisions contained in the Code of Conduct shall immediately make a report of such
violation in accordance with the provisions of the company based on Board of Directors
Regulation on Guidelines for Business Ethics and Employee Behavior (Code of Conduct). In
this case the identity of the complainant is protected by Bank secrecy.
• Using socialization media such as posters, banners and pocket books in order to increase
GCG awareness in all working units at Head Office and Branch Offices
• Evaluate WBS policies.

Efforts Information
Management has instructed all working units to execute:
• Each Division/Desk/Regional Office shall make transparent transactions involving conflict,
which include the name and position of persons having a conflict of interest, name and
position of decision makers of transactions involving conflict of interest, type of transaction,
transaction value and information.
• Any officer is required to disclose acceptance and giving gratuities in accordance with the
provisions set by the Corruption Eradication Commission (KPK).
• Each bank official is required to report assets in accordance with the provisions of the
Corruption Eradication Commission (KPK).
• In accordance with the instructions of the Corruption Eradication Commission (KPK)
the Bank has warned ban on acceptance of gifts related to holidays to officers and/or
employees in their respective work environment in the form of money, gifts/parcels, facilities
or other gifts from subordinates, co-workers and/or partners/entrepreneurs associated with
their position. If there are officers and/or employees in the workplace who are forced to
accept, for example, indirectly or unaware of the gift event,
the persons concerned are required to monitor, collect data and later report the acceptance
Institutionalization and of gratuities to Head Office (cq. CMPD) which would then report to the Corruption
Internalization Eradication Commission not later than 30 (thirty) working days after receipt of the gift.
• In terms of fund raising, the Bank has implemented risk management, not giving gifts/
incentives to customers and / or related parties with respect to the placement of funds with
the Bank in accordance with applicable regulations.
• Employees are not allowed to accept gifts from third parties in any form and any value.
Likewise, the gifts to the State Operator in any form and any value. This policy aims to
ensure that in addition to the implementation of GCG at Bank BTN, this is also to avoid
Bank BTN employees from conflict of interest in carrying out their daily duties.
• Provision of outsourcing labor that require special training or skills (guard, night guard) is only
given to service provider companies that have appropriate qualifications.
• Bank BTN strives to implement the Whistleblowing System (WBS) with continued
development by 2013 and in the future.
• Since 2008, Bank BTN has been striving to implement a work culture program to internalize
the PRIMA PATTERN culture of Bank BTN as an integral part in the implementation of
business ethics.
• This institutionalization and internalization program of business ethics and work culture will
always be done continually and consistently.
• Conduct GCG assessment (including implementation of business ethics), both using self-
assessment method and in partnership with independent parties.
• Based on third party assessment conducted by the Indonesian Institute for Corporate
Governance (IICG) in collaboration with SWA magazine, Bank BTN was again
awarded The Most Trusted Company 2013. This is the third award received by Bank BTN.
Evaluation and Assessment A survey conducted by IICG and SWA Magazine carried the theme “GCG in the Knowledge
Perspective” and Bank BTN achieved a score of 85.42 from a maximum value of 100.
• Assessing the implementation of Work Culture through implementation of a culture
assessment index of working units periodically.
• This evaluation and assessment program of business ethics and work culture will always be
done continually and consistently.
Bank BTN has been communicating to external parties and all stakeholders, through various
Externalization
media, such as newspapers and magazines and electronic media.
Statement of Work Culture

The Statement on Corporate Culture has INNOVATION, EXEMPLARY BEHAVIOR,
been formally approved by Board of Directors PROFESSIONALISM, INTEGRITY and
Regulation, known as POLA PRIMA values PARTNERSHIP and business ethics policies
consisting of: SERVICE EXCELLENCE, contained in the Bank’s Code of Conduct.

Whistleblowing System
The existence of WBS Besides you, who are also aware of this
alleged violation incident?
WBS is part of the internal control system in • When: Describe in as much detail as possible:
preventing the occurrence of irregular practices When did you know the occurrence the
and aims to: alleged violation event?
• Conduct early detection and prevention of Explain why you are new to report right now
the occurrence of irregularities or violations; (if there is a long time gap of more than 1
• Gradually creating a working environment month)
that is open, sincere, honest and responsible • Where: Describe in as much detail as possible:
at Bank BTN. Your knowledge of where the alleged
violation was committed?
Submission of Violation Report Is there a series of events related to this
The mechanism built by Bank BTN in incident that you know?
implementing the WBS is the complainant to • How: Describe in as much detail as possible:
make a complaint/disclosure and send it: How to process the occurrence of the
• If the alleged offender is an employee of alleged violation incident?
Bank BTN, the alleged violation report is How do you think the perpetrators of
directed to the SPP/WBS team. The report the alleged violation did the mode/
may be made orally or through other modes means of the violation (whether by mark-
felt comfortable by the Reporting Person. ups, commissions, kickbacks, extortion,
• If the alleged offender is a member of the or other modes)?
SPP/WBS team, the alleged violation report
is sent directly to the President Director Protection of the Reporting Person
of Bank BTN in Head Office marked (Whistleblower)
“CONFIDENTIAL” in the cover letter. To the Reporting Person that has reported in
• If the alleged offender is a member of the good faith, Bank BTN provides guaranteed
Board of Directors or his/her family, the protection, as follows:
alleged violation report is sent directly the • Provision of reporting communication
SPP/WBS Team which will forward it to the channel (oral, telephone, email) that is
President Director for reporting to the Board free and confidential or provision of an
of Commissioners. independent and confidential Ombudsman.
• If the alleged offender is a member of the Through this communication channel
Board of Commissioners or his/her family, the Reporting Person will get follow-up
the alleged violation report is sent directly to information on the handling of the alleged
the SP/WBS Team which will forward it to violations report submitted;
the President Director. • Assurance of Reporting Person’s anonymity,
The complaint/disclosure report shall at least unless there is a legal requirement that
contain several aspects, as follows: requires the identity opened in the presence
• What: Describe in as much detail as possible: of the judge;
What happened and roughly violated which • Protection from retaliation of the Party or the
provisions? organization reported. This protection may
What do you see or know and roughly include:
violated which provisions? » Physical protection either against
• Who: Describe in as much detail as possible: himself/herself or his/her family;
Who are involved in the alleged violation » Protection of his/her property and
event? his family against terror or retaliation
experienced;

» Administrative protection in the form of » Working closely with the Internal Auditor
promotion delays, dismissal, exclusion in accordance with the substance of
in the workplace, not viable mutations, complaints/disclosures.
including job security, and so forth. » In collaboration with external
investigators if the substance of
WBS Manager complaints/disclosures is related to the
image/ reputation of Bank BTN and/or
Bank BTN’s WBS is managed by the WBS cause great harm and/or have not been
Team, as follows: acted upon by the Internal Auditor.
• Head of Internal Audit Division (Chairperson • Investigation Team conducts an investigation
& Member) and reports the results to the Board of
• Head of the Legal Division (Secretary) Commissioners/Directors. Based on the
• Head of Corporate Secretary Division report, the Board of Commissioners/
(Member) Directors decided:
• Head of Human Capital Division (Member) » The disclosure report is closed, if it is not
All task execution processes in the Violation proven.
Reporting System (Whistleblowing System) » Provide appropriate sanctions in
is confidential so that all Team members shall accordance with applicable provisions,
maintain the confidentiality of the process, until if proven and relevant by administrative
indeed it should or can be legally declared open. measures.
If not, the existing records and files will remain » Forward the criminal offense to
confidential and should not be opened. investigators for further proceedings, if
proven and linked to general criminal acts
Complaint Handling or corruption. In this case, the WBS
team coordinates with Legal and Loan
• WBS Team receives complaints/ disclosures, Document Desk in order to ensure that
record them in a standard format that results in: there is sufficient evidence and if the
» Contact acceptance reports by scope evidence is sufficient to recommend to
category of complaints/disclosures. the Board of Directors for approval.
» Disclosure Report. • The process of initial evaluation/clarification
• WBS Team submits a disclosure report to and investigation is recorded in the Minutes.
the Board of Commissioners/Directors (in • WBS Team reports the results of
accordance with the categories reported). the investigation to the Board of
• WBS Team conducts an initial review/ Commissioners/Directors.
clarification of the complaints/disclosures • Based on the decision of the Board of
and makes its resume, then report it to Commissioners and the Board of Directors
the Board of Commissioners/Directors (in and by certain considerations, the Bank
accordance with the categories reported). may award the complainant. The shape and
Based on the results of the report, the Board type of award is determined by the Board of
of Commissioners/Directors decided follow- Commissioners and Board of Directors.
up, as follows:
» Discontinued, if it does not meet the
requirements of the initial indication.

Internal Audit
Chairman and Structure of

Internal Audit
Internal Audit Function of Bank BTN is

conducted by the Internal Audit Division (IAD),
chaired by Hulmansyah (a brief biography of the
IAD Chairman in the section on Company Data
in this annual report), along with organizational
structure as follows:
Internal Audit
Reporting
Audit System
Quality Assurance Counterparty Auditor Coordinator
Development
Division Head Documentation Head
Dept. Head
Dept. Head
External Audit
Internal General Audit Conventional
Reporting
Audit Quality System General Auditor
Monitoring &
Assurance Development Group
Counterparty
ITC Audit Internal Audit

ISO Certification System Reporting Sharia General
QA Development Monitoring & Auditor Group
Documentation
Special Audit
& Investigation
Auditor Group
Information
Communication
& Technology
Auditor Group
Internal Audit Division (IAD) acts as a strategic findings, and recommending practical and
business partner for all levels of the management workable solution.
in order to encourage the achievement of
targets and objectives of the Bank with The Parties that Appoint/Dismiss the
evaluation based on objective risk based audit Internal Audit Chairman
and consulting services (resource persons), The parties involved in the process of
especially concerning the improvement and appointment/dismissal of the Internal Audit
refinement of risk management, control and Chairman are the Board of Directors, Board
governance processes. This is done through a of Commissioners and Bank Indonesia as the
proactive approach, enthusiastic and dynamic, regulator. Broadly speaking, the process of
communicating effectively, oriented on business appointment/dismissal which illustrates the
and stakeholders, an understanding of the involvement of multiple parties is as follows:
subject matter (the root of the problem) and
areas with a high risk, emphasis on quality

Phase 1 Phase 2 Phase 3 Phase 4

Directors submit an Board of Commissioners and
Directors perform fit application for approval of Board of Directors submit a
approves or does not
and proper test on the appointment/dismissal of report of the appointment/
approve the proposed
prospective Chairman of the the Chairman of the Internal dismissal of the Chairman of
appointment/dismissal of
Internal Audit Unit. Audit Unit to the Board of the Internal Audit Unit to Bank
Internal Audit Chairman.
Commissioners. Indonesia as the regulator.
Number of Internal Audit Employees

On December 31, 2013, the number of internal The scope of audit work by the IAD also
audit employees was 70 people, and on includes activities of affiliated business
February 1, 2014, the number of internal audit entities that directly or indirectly can influence
employees was also 70 people, with details as the proper implementation of the interests of
follows : the Bank.
• Division Head : 1 people
• Secretary: 1 people The scope of IAD work includes audit and
• Head of Audit Coordination: 1 people assessment of the effectiveness of risk
• Quality Assurance: 5 people management, adequacy and effectiveness
• Audit System Development Department: 5 of internal control systems, quality of
people performance in carrying out outlined
• Reporting Counterparty Documentation responsibilities, as well as the effectiveness
Audit Department: 4 people of governance processes by performing:
• Conventional General Auditor: 33 people » Compliance audit on the policies, plans
• Sharia General Auditor: 9 people and budgets, procedures, regulations,
• Special & Investigation Auditor: 5 people bank reporting in finance, accounting
• Information Communication Technology and other operations;
Auditor: 6 people » Financial audit in the framework of
organizing the implementation of
Internal Audit Charter accounting and presentation of financial
• Bank BTN’s Internal Audit Charter was statements on a reasonable, reliable,
determined by Joint Decree of the Board of timely, complete and useful basis for the
Commissioners and Board of Directors No. benefit of the Bank , the community and
03/DEKOM-DIR/BTN/IAD/VI/2011 dated Bank Indonesia, including verifying the
June 30, 2011 on “Internal Audit Charter of fairness of presentation of financial
PT Bank Tabungan Negara (Persero) Tbk”. statements at the end of the fiscal year;
• This Internal Audit Charter is intended as a » Operational management audit in order
standard guide containing the minimum size to improve efficiency, securing resources
of the Internal Audit Function that needs to and funding, as well as the consistency
be organized by the Bank as well as aspects and effectiveness of the benefits of
related to the implementation of Internal Audit. operations or programs which have
This Internal Audit Charter is also intended been established;
for the creation of common understanding » Audit rating to assess the performance
and foundation of the maintenance level of a working unit of the Bank based on
of interest and commitment of all parties audit results and assessments in the
associated with the Bank. areas of finance, accounting, operations
• The scope of the audit work by IAD covers and other activities.
all aspects and elements of the Bank’s » Information and technology system
organizational activities. The audit work is audit to ensure the guarantee of data
carried out through risk-based audit approach integrity (correct, complete, safe, on-
by looking at a minimum of 8 risks referring time), the effectiveness and efficiency
to Bank Indonesia Regulations, namely: of operating procedures and continuity
Credit Risk, Market Risk, Liquidity Risk, of operations of information technology
Operational Risk, Legal Risk, Reputational systems, as well as compliance with the
Risk, Strategic Risk and Compliance Risk requirements of information technology

systems. Including conducting an audit Coordination of External
of each TSI application implementation Auditors and Audit Committee
to ensure that the application complies Audit Committee and the External Auditor
with the specification, compliance with actively coordinate implementation of the audit
the provisions, there are adequate on financial statements. External auditors
controls and the availability of back communicate regarding the implementation
tracking (audit trail/trace), and providing of the audit plan on the financial statements
recommendations on controls that need of Bank BTN which therein covers the
to be applied; assignment scope, deliverable and deadlines,
» Special and investigation audit audit methodology, scope of audit and audit
on matters that are expected to implementation schedule.
indicate suspected or fraudulent
acts/abuse/ manipulation (fraud), The Audit Committee also regularly monitors
embezzlement, irregularities against the performance of the IAD and the External
provisions/regulations internally and Auditors through Audit Committee meetings
externally, and so forth based on conducted every month. In such meetings are
Instructions of the President Director and discussed the follow-up of audit findings by the
or the Board of Commissioners. external auditors.
» Monitoring on an off-site basis or
monitoring (desk audit) of all activities Non- Audit Services of Public
throughout the working units of the Bank Accounting Firm
through analysis of documents and In 2013 was carried out the procurement of
reports; external audit services on the management of
» Assessment of the safeguard system of Bank BTN ICT by Consultants of other Public
the Bank’s assets including resources Accounting Firms, other than PSS-EY, namely
and funds, and to ensure the existence of PT Price water house Coopers Indonesia
Bank assets. Advisory in order to obtain a more objective
picture of the ICT management at Bank BTN
Implementation of Internal Audit Tasks
In accordance with the 2013 work program,
during financial year 2013, an audit was
conducted with a resume of audit activities
presented through a table, as follows:
Type of Audit Total Findings Completed Not-Completed

Internal Audit
General Audit – Branch Office 1,589 1,208 381
General Audit – Sharia Branch Office 336 232 104
General Audit – Head Office 127 98 29
Audit Technology Information System 256 107 149
External Audit
Central Bank of Indonesia 704 634 70
Treasury Board of Supervisor - RI 15 0 15
Public Accountant Firm 26 19 7

in regard to regulations and best practices in

the banking industry. Procurement stages are
described as follows:
Procurement was carried out using the direct selection
method of a Public Accounting Firm that has been
experienced in the implementation of banking ICT
Procurement stage February up to March 2013 management namely Deloitte Consulting Indonesian and
Indonesia Price water house Cooper Advisory (PWC).
Price water house Cooper Indonesia Advisory was directly
selected as the winner
Implementation of audit and assessment of Bank BTN ICT

Implementation stage April up to June 2013
management.
Submission of audit results by PWC to the relevant

Divisions at Bank BTN and submission of executive
Reporting stage July up to August 2013
summary and Audit Report to the Board of Directors of
Bank BTN.
Publication of Tax Payment Internal Audit Professional

• Payment of corporate and employee taxes Qualification/Certification
is a form of accountability and clarity of The number and qualifications of internal audit
responsibility of the Bank to the Government personnel positions as of December 2013 are
(acting as stakeholders) of the receipt of specified as follows:
taxes from the company.
• The payment of corporate and employee Group Audit Department Total
taxes are as follows: Head of Division 1
» Payment of Income Tax Article 25/29
Auditor Coordinator Head 1
period January 2013 up to December
2013 amounting to Rp398.73 billion. Head of Department 3
» Payment of Income Tax Article 21 period Audit Superintendent 2
January 2013 up to December 2013
Conventional General Audit Group 35
amounting to Rp124.82 billion.
» The form of tax reporting in the Annual Sharia General Audit Group 4
Report has been carried out according ICT Audit Group 5
to applicable PSAK standards as verified
Special Audit & Investigation Group 6
by the Public Accounting Firm. Currently,
the disclosure of details of Tax Payable Audit System Development 4
has been described in the notes on
Quality Assurance 4
“Immediate Liabilities”, whereas in the
record of “Taxation”, Bank BTN explained Reporting Counterparty Documentation Audit 4
in detail the income tax calculation of its Secretary 1

Corporate Tax, which also contained Total 70
reconciliation between commercial profit
and taxable profit. Meanwhile, formal academic qualification
and certification of the Bank’s internal audit
profession is as follows:

Normal Academic Education Certification
31 Dec 2012 31 Dec 2013
(People) (People) Competency UKMR /
Level Field of Study QIA CFE
LSPP BSMR
Doctoral (S3) Public Administration - 1 - - 1
Master of Management (MM) 4 3 2 - 1
Post Graduate Master of Accounting (M.Si) 8 9 6 6 4 1

(S2)
Human Resource Management
2 1 1 - 1
(MM)
Corporate Economics/
Bachelor (S1) 14 15 11 7 8
Management
Accounting 26 26 9 2 10
Development Economic
3 4 3 - 1
Studies
Information Management/
4 7 3 - 3
Computer Science
Law 1 4 1 - 2
Diploma Management Secretary 1 - - - -

Total 63 70 36 15 30 1
Moreover, it can be said that in the preparation Branch/Division/Desk. The determination of the
and determination of the number of personnel adequacy of the number of personnel will also
of each audit team has been carried out taking have an impact on the number of audit days and
into account the results of risk assessment over preparation of audit budget of IAD. Audit team
14 business processes and activities of ICT standard arrangement and number of staff at
management, auditor qualifications (position present is as follows:
and focus on competency), and the class of
Business Unit Head of Team *) Team Member Number of

SAA AA SA A G-14 A G.13 Personnel
General Audit:
Head Office - Division 1 - 2 2 - 5
Regional Office 1 - 2 2 - 5
Branch Office: -
a. First Class 1 - 2 2 - 5
b. Class I 1 - 2 1 1 5
c. Class II - 1 2 1 - 4
d. Class III - 1 1 1 1 4
Sharia Unit: - 1 1 1 1 4
Audit ICT
Application: Division/Desk
1 - 2 2 - 5
Office and DTI
Application: Sampling Branch
- 1 1 1 - 5
Office
Special Audit:
Fraud Investigation 1 - 1 2 - 4
Special Review - 1 1 2 - 4
Notes:
SAA = Senior associate auditor (Set. Head - Grade 17)
AA = Associate auditor (Set. PPC - Grade 16)
SA = Senior auditor (Set.Kasi G.15)
A = Auditor (Set.Senior Asmen G.14 or Yunior Asmen G.13)

Participation in Professional • The participation of IAD members in various

Association of Internal Auditors Internal Auditor professional associations
In order to expand and develop the knowledge strongly support the improvement of
and professional competence of Internal competence and knowledge of IAD
Auditors, the Internal Audit Organization of Bank members for smooth execution of audit tasks
BTN has participated by sending auditors in a and management of audit activities. These
variety of association organizations of internal associations are information exchange and
audit profession, including: discussion forums (benchmarking) among
• Actively involved as a board member and internal auditors related to current issues in
supervisor in professional associations the auditing and banking world.
of internal audit activities through Internal • To increase the competence of IAD
Audit Unit Communication Forum (FKSPI) – personnel, any IAD Auditor personnel is
BUMN/BUMD 2010-2013 period. required to obtain internal audit professional
• The Internal Audit Organization of certification as Qualified Internal Auditor
Bank BTN has sent its auditors to (QIA) as well as BSME and UKMR Risk
various activities of other Internal Audit Management Certification. In addition,
Professional Associations, among others in 2013, IAD included 3 (three) persons
as members of the Association of Bank in the certification education of Certified
Internal Auditors (IAIB), Indonesian Internal Fraud Examiner (CFE). Another certification
Audit Association (PAII), and subsequently programs participated include the
members of IAD are also strived to become Competence Certification of the National
members of international associations Professional Certification Institute such
such as the Institute of Internal Auditors as the Banking Professional Certification
(IIA) - Indonesia Chapter to participate in Institute (LSPP), and international level
any annual regular event. certifications such as the Certified Internal
Auditor (CIA) and Certified Information
System Audit (CISA).

Bank Accountant
Bank Accountant determined by the Board of Commissioners

• In accordance with the AGMS of Bank in accordance with Letter No.78/KOM/BTN/
BTN held on March 27, 2013 , the AGMS VIII/2013 dated August 28, 2013 concerning
authorized the Board of Commissioners Determination of the Public Accountant Firm
of the Company to determine a Public to execute General Audit Services on the
Accounting Firm in the context of Auditing Financial Statements 2013 and the PKBL
Financial Statements for Fiscal Year 2013. Report 2013 of PT Bank Tabungan Negara
• The Board of Commissioners has appointed (Persero) Tbk.
Public Accounting Firm - Purwantono, • The Bank has appointed Purwantono,
Suherman & Surja (KAP PSS-EY), a member Suherman & Surja which have been
firm of Ernst & Young Global as the auditors registered in Bank Indonesia, as the external
to audit the Financial Statements of PT Bank auditors to carry out:
Tabungan Negara (Persero) Tbk for Fiscal » General Audit of the financial statements
Year 2013. of PT Bank Tabungan Negara (Persero)
• Based on such nomination, the number Tbk for the year ended December 31,
of public accounting periods by Public 2013.
Accounting Firm Purwantono, Suherman » General Audit of the Financial Statements
& Surja (KAP PSSEY) to audit the Annual of the Partnership and Community
Financial Statements of Bank BTN is as Development Program (PKBL) for the
many as 4 (four) periods namely 2010 fiscal year ended December 31, 2013.
year audit period (partner in charge: Hari » Compliance Audit against the prevailing
Purwantono), fiscal year 2011 (partner in Laws and Regulations.
charge: Hari Purwantono), fiscal year 2012 » Audit with agreed procedures over the
(partner in charge: Benyanto Suherman) and Performance Evaluation Report of PT
fiscal year 2013 (partner in charge: Benyanto Bank Tabungan Negara (Persero) Tbk for
Suherman). 2013.
• Total audit costs incurred amounted • Appointment of Public Accountant Firm of
to Rp1,650,000,000.00 (one billion six the Bank for not more than 5 (five) years in
hundred and fifty million rupiah) including a row.
taxes and Out of Pocket Expenses (OPE) • Appointment of Public Accounting Firm in
and VAT of 10% (ten percent) in which this order to audit the Bank’s Annual Financial
service has also covered audit services for Statements realized by work agreement in
Financial Statements of the Partnership and accordance with the provisions between
Community Development (PKBL). Bank BTN and the Public Accounting Firm.
• Public Accounting Firm - Purwantono,
External Audit Function Suherman & Surja - Ernst & Young has
To ensure the effective implementation of conducted the audit of Financial Statements
external audit function, the Bank has complied and PKBL Report of PT Bank Tabungan
with the relationship between the Bank, Negara (Persero) Tbk for 2012 and has
Public Accounting Firm and BI as stipulated submitted a management letter to Bank
in BI Regulation on Transparency of Bank Indonesia in a timely manner (on April 29,
Financial Condition by performing the following: 2013) in which the submitted audit results
• The Bank has provided audit assignment of and management letter have described the
Annual Financial Statements for the period Bank’s significant problems.
of January up to December 2013 to the • Based on the process and results of audit
Public Accountanting Firm as approved by conducted, Public Accounting Firm -
the AGMS. Purwantono , Suherman & Surja - Ernst
• The appointment of Public Accounting & Young has acted objectively in conducting
Firm - Purwantono, Suherman & Surja - the audit of Financial Statements and PKBL
Ernst & Young as Auditors that carry out Report of PT Bank Tabungan Negara
audit of the Financial Statements and PKBL (Persero) Tbk.
Report of Bank BTNfor 2013 has been

Internal Control System

(SPIN)
Overview of the Internal Control procedures at the Bank on an ongoing basis.

System (SPIN) • Reduce the impact of losses, irregularities
including fraud and violation of prudential
Internal Control System (SPIN) is a mechanism aspects
of monitoring process established by the Bank
management on an ongoing basis in which the Meanwhile, regarding control environmental
quality of design and implementation is influenced elements of Bank BTN can be said that the
by the Board of Commissioners, Board of control environment reflects the overall attitude,
Directors and all officers and employees of the commitment, behavior, concern and the steps
Bank, that is designed to provide reasonable of board of Commissioners and board of
assurance to maintain and secure the assets Directors in conducting the Bank’s operational
of the Bank, ensure the availability of accurate control. Attitudes toward the importance of
reporting, improve compliance with prevailing internal control consist of control environmental
regulations, reduce the impact of financial loss, elements that include:
irregularities including fraud and violation of • Adequate organizational structure.
prudential aspects, and increase organizational • Leadership style and management
effectiveness and improve cost efficiency. philosophy of the Bank.
• Integrity and ethical values and competence
Some of the objectives of Bank BTN SPIN are of all employees.
to ensure: • Human resource policies and procedures of
• In compliance with laws and regulations the Bank.
in force (Objective Compliance), namely: • Attention and direction of the Bank’s
to ensure that all business activities of the management and other committees, such
Bank have been implemented in accordance as the Risk Management Committee.
with the prevailing laws and regulations • External factors that affect the Bank’s
in force, both the provisions issued by the operations and the application of risk
Bank supervision authority, as well as the management.
policies, provisions, and rules set by the
Bank internally. Broadly speaking, regarding Bank BTN control
• The availability of financial and management activities can be said that the control system
information correctly, completely and timely involves all employees and officials of the Bank,
(Information Objectives), namely: to provide including the Board of Commissioners and
reports that are true, complete, on time and Board of Directors. Therefore, control activities
relevant that are necessary in making the are planned in advance and implemented
right and accountable decisions. in order to control risks that may affect the
• Efficiency and effectiveness of the operations performance or result in losses to the Bank.
of the Bank ( Operational Objectives ), Control activities also include the establishment
namely: to improve the effectiveness and of control policies and procedures as
efficiency in the use of assets and other well as the verification process earlier to
resources in order to protect the Bank from ensure that the policies and procedures are
risk of loss. consistently adhered to, and constitute an
• Improve the effectiveness of risk culture in integral activity of any function or daily activity
the organization as a whole (Risk Culture of the Bank. Control activities are implemented
Objectives), namely: to identify weaknesses at all functional levels in accordance with the
and assess deviations early and reassess organizational structure of the Bank, which at
the reasonableness of existing policies and least include:

Management review (Top Level » General Control includes control over
Reviews) operations data center, software
The Board of Directors of the Bank periodically procurement and maintenance systems,
requests explanation (information) and security access, as well as development
operational performance reports from officers and maintenance of existing application
and employees so that it is possible to review systems. General control is applied on
the progress (realization) compared to the target mainframes, servers, user workstations,
to be achieved, such as comparing financial as well as internal - external network.
statements with the set budget plan. Based » Application Control is implemented
on such reviews, the Board of Directors can on the programs used by the Bank
immediately detect problems such as control in processing transactions and to
weaknesses, financial reporting errors or other ensure that all transactions are correct,
irregularities (fraud). accurate and properly authorized.
In addition, application control must
Operational Performance Review be able to ensure the availability of an
(Functional Review) effective audit process and to check the
This review is conducted by Internal Audit correctness of the audit process.
Division with a higher frequency, both daily and
weekly reviews as well as monthly reviews. Control over Physical Assets (Physical
• Conduct a review of risk assessment Control)
(risk profile report) generated by the risk • Control of physical assets is undertaken
management unit. to ensure the implementation of physical
• Analyze operational data, both data related security of assets of the Bank.
to risk and financial data, namely to verify • These activities include safeguarding of
transaction details and activities compared assets, records, and limited access to
to the output (report) generated by the risk computer programs and data files, as well as
management unit and comparing asset value with liability value of
• Conduct a review of the progress in the Bank with the value stated on the control
implementation of the business plan and records, especially checking the value of the
budgeting, in order to: asset at regular intervals.
» Identify the cause of significant
deviations. Documentation
» Establish requirements for action and • The Bank is at least formalizing and
improvement (corrective action). documenting accounting policies,
procedures, systems and standards and
Control of Information Technology auditing processes adequately.
Systems • The document should be updated
• The Bank conducts verification of the periodically to reflect the actual operations
accuracy and completeness of transactions of the Bank, and informed to the officials and
and implements authorization procedures, in employees.
accordance with the internal rules. • At request, the document should always be
• Information systems control activities can be available for the benefit of internal auditors,
classified into two criteria, namely general public accountants and bank supervisory
control and application control. authorities.

• The accuracy and availability of the document - Assessment of the adequacy of loan
must be assessed by internal auditors when documentation and monitoring of
conducting routine and non-routine audits. borrowers after loan disbursement;
- Other business activities that may
In addition to the above matters, the separation pose a significant conflict of interest;
of functional activities constitutes part of control - The independence of risk
activities intended to ensure that everyone management functions at the Bank.
in office does not have the opportunity to
commit and conceal errors or irregularities Evaluation of Effectiveness of
in the execution of duties at all levels of the the Internal Control System
organization and the whole steps of operations, Bank BTN continuously monitor the overall
namely as follows: effectiveness of the implementation of internal
• Adhere to the principle of separation of control. The monitoring of the Bank’s main risks
functions, known as the “Dual Control”. must be prioritized and serves as part of the
• Establish procedures (authority), including Bank’s daily activities including regular
establishment of a list of officers who can evaluation, both by operational units and the
access a transaction or business activity that Internal Audit Division.
contains a high risk.
• Avoidance of authority and responsibility The Bank also monitors and evaluates the
that may give rise to various conflicts of adequacy of the internal control system on an
interest. All aspects that may cause the ongoing basis associated with the changes of
conflict of interest is identified, mitigated, and internal and external conditions and the need
monitored carefully by others independent to increase the capacity of SPIN so that its
parties. effectiveness can be improved.
• In the implementation of the separation Broadly speaking, the steps taken by Bank
of these functions, the Bank is taking BTN in order to ensure the implementation of
measures, among others: effective monitoring activities, among others are:
» Assign certain functions and duties at • Ensuring that monitoring function has been
the Bank that are separated or allocated clearly defined and well structured in the
to several persons in order to reduce organization of the Bank;
the risk of financial data manipulation or • Establish units/employees assigned to
misuse of assets of the Bank; monitor the effectiveness of internal control;
» The separation of functions is not limited • Establishing the appropriate frequency
to the front and back office activities, but for monitoring activities based on the
also in order to control: risk inherent in the Bank and the nature/
- Approval of the expenditure of funds frequency of changes that occurred in
and realization of expenditure; operations;
- Customer accounts and Bank • Integrating SPIN into operational activities
owners accounts; and providing regular reports such as
- Transactions in the books of the Bank; bookkeeping journal, management
- Provision of information to the review and report regarding approval of
customers of the Bank; exceptions/deviations from the established
policies and procedures (justification of
irregularities) which are then reviewed;

• Conducting a review of documentation and Control Environtment including Management
results of evaluation of the units/employees Oversight and Control Culture, Risk
assigned to conduct monitoring; Recognition and Assessment, Control Activities
• Establishing information/feedback in the and Segregation of Duties, Accountancy,
proper format and frequency. Information and Communication), Monitoring
Activities and Correction of Deficiencies.
During 2013, the Internal Audit Division (IAD) Based on reviews and discussions at the
in testing and evaluating to improve/enhance meetings held by the Board of Commissioners,
the effectiveness of the adequate SPIN Committees, Internal Audit Division and several
included five major components of control related divisions, it can be said that Bank BTN
that are inter-related to each other, namely has had an adequate internal control system.

Provision of Funds to
Related Parties & Large
Exposures
Throughout 2013, the provision of funds to related

parties and large exposures was as follows:
Total
Provisions of Funds
Debtors Nominal (Rp Million)
To Related Parties Nihil Nihil
To Prime Debtors 50 3,975,758
a. Individuals 42 2,928,320
b. Groups 8 1,047,438
Number of Internal Fraud

Throughout 2013, the number of internal
irregularities can be seen in the following table:
Total of Cases executed by
Officials Permanent Employee Non Permanent Employee

Internal Fraud in 2013
Previous Current Previous Current Previous Current
year year year year year year
Number of internal fraud - - 18 75 - -
Has been settled - - 18 16 - -
In internal settlement process - - - 59 - -
Settlement has not been pursued - - - - - -
Has been followed up through the

- - - - - -
legal process

Legal Cases Faced by
the Company
Cases Faced
Throughout 2013, the number of civil and
criminal law issues that have been completed
(have permanent legal force) and are still in the
process of completion are presented in the
following table:
Number
Legal Issues Industrial
Civil Criminal
Relations
Has been completed (already have final and conclusive legal force) 14 4 -
In the process of completion 41 15 -
Total 55 19 -
Of some of these cases (faced by the company),

there are cases with lawsuit values above Rp1
billion as follows:
Lawsuit Regarding Credit Application

Plaintiff felt having never applied for a loan to Bank BTN, and the loan
Principal Case was obtained by a third party on behalf of the Plaintiff by falsifying
documents.
Position of Case Waiting Appeal from the Plaintiff
District Court decision is in favor of Bank BTN, and waiting to see if there
Completion Status of the Case
is an appeal from the plaintiff
Effect on Financial Condition of the Bank Low
Lawsuit regarding Loan Documents

Land owner sued the Bank for surrendering loan documents to the court-
Principal Case
appointed Curator.
Position of Case Trial in South Jakarta District Court.
Completion Status of the Case Trial Process
Collateral Execution Lawsuit

Plaintiff as creditor member a syndication market project sued Bank
Principal Case BTN for not obtaining the return of debt value from the execution of the
collateral by IBRA.
Position of Case Appeal to High Court
Completion Status of the Case Pending resolution of appeal from the High Court in Bandung.

Lawsuit regarding Disbursement of Remaining Loan

Debtor sued because the Bank surrendered receivables to IBRA and
Principal Case
demanded disbursement of the remaining loan.
Position of Case Finish
The case was closed in the hearing on July 3, 2013. The judges ruled
that the Plaintiff’s claim could not be accepted (Niet Ontvankelijk
Verklaard) on the basis that the Plaintiff’s claim was unclear (Obscuur
Libel)
Lawsuit regarding Home Severance Pay

Legal effort to vacate a house currently occupied by invalid heirs of the
Principal Case
former Director of Bank BTN.
Position of Case Cassation to the Supreme Court
Completion Status of the Case Awaiting decision of the Supreme Court.
Retention Fund Lawsuit

Lawsuit against Bank BTN in the for of a claim for retention fund (project
Principal Case
collateral) was not honored by BTN.
Position of Case Finish.
Completion Status of the Case Lawsuit revoked and documents settlement process.
Effect on Financial Condition of the Bank Low.
Transfer of Accounts Receivable Lawsuit

Plaintiff’s lawsuit by suing the validity of the transfer of receivables (cessie)
Principal Case by Bank BTN along with demand for cancellation of the cessie, return of
land certificate and material/immaterial compensation.
Position of Case Trial Process
The case is handled by an attorney who was appointed by Bank BTN in

hearing process.
Lawsuit related to Object of the Dispute

Lawsuit related to disputed object purchased by the plaintiff from Bank
BTN with a price of Rp2.6 billion, but only paid Rp700 million. To pay
Principal Case off the remainder of the payment, the plaintiff applied for a loan to Bank
BTN. However the plaintiff has committed default of loan repayment (bad
debt). Bank BTN has executed public auction through KPKNL.
Completion Status of the Case Plaintiff’s Claim was declared invalid

Lawsuit regarding SID Report
Plaintiff felt harmful because there are others who used the company
name unknowingly by the plaintiff to get a loan from Bank BTN. Plaintiff
Principal Case
assumed that Bank BTN has been negligent in submitting the SID report
to BI.
Position of Case Finish
Completion Status of the Case Plaintiff’s Claim was declared invalid
Lawsuit regarding Auction Execution of Mortgage

Bank BTN will execute auction of mortgage at KPKNL, while according
to Article 12 of PKS it is explained that both parties agreed to choose a
Principal Case
common domicile and remained in the District Court Clerk’s Office and/or
KPKNL. BTN is considered of committing a unlawful deed.
Position of Case Trial Process at District Court
Completion Status of the Case Question and Answer Process
Collateral Value Lawsuit

Bank BTN was sued because the Plaintiff felt that the value of the
Principal Case
collateral auctioned was not in accordance with the reasonable price
Completion Status of the Case Plaintiff Repealed Lawsuit

Conflict of Interest
Transactions
Conflict of Interest Transactions

In accordance with Bank Indonesia regulations, of transactions containing conflict of interest,
Banks need to disclose transactions involving type of transaction, and transaction value.
conflict of interest, including the name and During 2013, the Bank did not have conflict of
position of decision makers having a conflict of interest transactions .
interest, the name and position decision-makers
Buy Back Shares & Buy

Back Bank Bonds
Buy Back Shares and Buy Back Bank Throughout 2013, Bank BTN did share buy-
Bonds back and buy-back of subordinated bonds, with
Share buy-back and buy-back are efforts to explanations in accordance with Bank Indonesia
reduce the number of shares or subordinated regulations, as specified in the following table:
bonds issued by Bank BTN buying back shares
or subordinated bonds, with payment procedure Explanation of Policy of Share Buy Back None
carried out in accordance with applicable
Total Share Buy Back (Rp million) None
regulations.
Buy Back Price None
Increased Income from result of Share Buy Back

None
(Rp million)

Share Options
Shares Option MESOP program implementation is done by

• The policy of granting shares option is as issuing option rights within 3 (three) stages
follows: with the following details:
» Stage One
The Extraordinary General Meeting of Number of option rights are issued for a
Shareholders (EGMS) held on October maximum of 40% (forty percent) of the
6, 2009 approved the issuance total shares in the MESOP program,
of new shares in the portfolio of and distributed to MESOP program
PT Bank Tabungan Negara (Persero) Tbk participants in 2010.
as much as 30% (thirty percent) or as » Second Stage
much as a total of 2,723,142,857 shares Number of option rights are issued for a
of total shares that have been issued and maximum of 30% (thirty percent) of the
fully paid after the issuance of new shares total shares in the MESOP program,
so that the ownership of the State of RI and distributed to MESOP program
becomes at least 70% (seventy percent) or participants in 2011.
6,354,000,000 shares of the total shares » Third Stage
issued and fully paid after the issuance of Number of option rights are issued for
new shares. The issuance of new shares in a maximum of 30% (thirty percent) of
the portfolio referred to is offered to the public the total shares in MESOP program,
through IPO (Initial Public Offering), which and distributed to MESOP program
includes all shares including Management participants in 2012.
and Employee Stock Allocation/MESA and
Management and Employee Stock Options Option Rights granted to MESOP Program
Plan/Mesop. Participants in each of these stages can
be used to buy shares in MESOP program
The MESOP program is awarded to (Option Life = Applicability of Option Rights
members of the Board of Commissioners, Period) for 5 (five) years from the date of
Board of Directors, members of the issuance. Participants can use their right to
Sharia Supervisory Board, Secretary of buy shares in MESOP program during the
the Board of Commissioners, Committee implementation period by paying the full
members and permanent employees price of the specified implementation, after
recorded on September 30, 2009, going through the Vesting Period (Waiting
except Independent Commissioners Time) which is 1 (one) year from the date
and Audit Committee members. Granting of issuance of Option Rights. In the Vesting
rights to a share option to program Period, the participants cannot yet use the
participants is aimed to purchase new Option Rights granted to them to buy shares
shares issued from the portfolio of the in the MESOP program.
Company, as much as 4% (four percent) of
issued and paid-up capital of the Company, The implementation period is specified for a
after Initial Public Offering made based on maximum of 2 (two) periods each year during
BAPEPAM Regulation No.IX.D.4. MESOP the Option Rights Validity Period (Option
implementation mechanism is made in Life). While the Implementation Price is set
accordance with Indonesia Stock Exchange with reference to the provisions contained in
Regulation No.1.A. The persons-in-charge point V.2.2 Regulation I-A Annex I to the
of the MESOP program are the Directors Regulation of the Board of Directors of the
under the supervision of the Commissioners Jakarta Stock Exchange No. Kep 305/
and reported at the GMS. BJ/07-2004 dated July 19, 2004 that is at

least 90% (ninety percent) of the average • Disclosure of shares option stage I which
closing price of shares of the listed company includes:
concerned for a period of 25 (twenty five) » The number of shares owned by each
consecutive trading days on the regular member of the Board of Commissioners,
market before the report of opening the Board of Directors and Executive Officers
implementation period. The Implementation before given shares option;
of the MESOP Program has been done in » The number of shares option granted;
accordance with the terms and conditions » The number of shares option that has
set by the Board of Directors of the Company been exercised until the end of the
with due regard to the laws and regulations reporting period;
in force. » Option price granted;
» The validity of the execution of the shares
option is as follows:
Position as of December 31, 2013

MESOP Stage 1
Allocation of MESOP MESOP Already
Provided Executed
NO Name Title MESOP 1
MESOP 1
SHEET PRICE
Board of Director
1 MARYONO President Director - - -
2 MANSYUR S NASUTION Director - - -
3 IRMAN ALVIAN ZAHIRUDDIN Director 1,354,000 855.00 1,354,000
Board of Commissioner
1 MARDIASMO President Commissioner - - -
2 MAULANA IBRAHIM Independent Commissioner - - -
3 AMANAH ABDULKADIR Independent Commissioner - - -
4 AGUNG KUSWANDONO Commissioner - - -
5 DWIJANTI TJAHJANINGSIH Commissioner - - -
6 SAHALA LUMBAN GAOL Commissioner - - -
Executive Officers
1 ROGANDA MANGAPUL S Branch Manager 52,000 855.00 52,000
2 I DEWA MADE ARYADANA Branch Manager 57,000 855.00 57,000
3 HANAFI Branch Manager 52,500 855.00 52,500
4 ARIF WIJANARKO Branch Manager 52,500 855.00 52,500
5 EDWARD ALIMIN SYARIF Branch Manager 70,000 855.00 70,000
6 ARIFIN HAKIM SIREGAR Branch Manager 52,500 855.00 52,500
7 DARMINTO Branch Manager 43,000 855.00 43,000
8 IKHSAN Branch Manager 69,000 855.00 69,000
9 PAIMA ERIANTO HSB Branch Manager 69,500 855.00 69,500
10 SURYANTI AGUSTINAR Branch Manager 83,500 855.00 83,500
11 ZULMARWAN Branch Manager 50,500 855.00 50,500

Provided Executed
MESOP 1
SHEET PRICE
12 SRI SOEKMINIARNI Branch Manager 53,500 855.00 53,500
13 DODDY BURSMAN Branch Manager 76,500 855.00 76,500
14 HERMI SRI ULINA Branch Manager 54,000 855.00 54,000
15 IRIANA UNTEANI Branch Manager 79,000 855.00 79,000
16 HERU WICAKSONO Branch Manager 67,500 855.00 67,500
17 AHMAD FATONI Branch Manager 59,000 855.00 59,000
18 FRISABA H YUSDIANTO Branch Manager 78,500 855.00 78,500
19 P. PANDU PAMUNGKAS S. Branch Manager 59,500 855.00 59,500
20 ARI KURNIAMAN Branch Manager 57,000 855.00 57,000
21 SETYAWATI BUDINASTITI Branch Manager 80,500 855.00 80,500
22 MUHAMMAD SIRING Branch Manager 72,000 855.00 72,000
23 ATJUK WINARTO Branch Manager 54,000 855.00 54,000
24 DIKKI TARUNA A. Branch Manager 51,000 855.00 51,000
25 MUCHTAR MUHAMMAD NOOR S Branch Manager 58,500 855.00 58,500
26 AHMAD ROMZAH Branch Manager 52,500 855.00 52,500
27 M.IWAN SUHERLAN Branch Manager 51,000 855.00 51,000
28 SAHAT SIHOMBING Branch Manager 60,000 855.00 60,000
29 MUHAMMAD THAMRIN Branch Manager 89,500 855.00 89,500
30 HEVEANTO BEKTI R Branch Manager 76,000 855.00 76,000
31 NURMIAH Branch Manager 85,000 855.00 85,000
32 IG.A.K. TRI MARTHA W Branch Manager 58,500 855.00 58,500
33 NINIK KUSUMA WARDANI Branch Manager 78,000 855.00 78,000
34 BUDI PERMANA Branch Manager 50,000 855.00 50,000
35 ENDANG SULISTIYANTI Branch Manager 70,500 855.00 70,500
36 SANIMAN Branch Manager 52,500 855.00 52,500
37 I KETUT RANTAU HERAWAN Branch Manager 52,500 855.00 52,500
38 ERINAL FIWAN Branch Manager 69,500 855.00 69,500
39 RIFKI SENGADJI Branch Manager 78,000 855.00 78,000
40 M ADRIAN SYAHBANDI A Branch Manager 59,500 855.00 59,500
41 SYAFARUDDIN HARAHAP Branch Manager 56,500 855.00 56,500
42 AGUS SUSANTO Branch Manager 64,000 855.00 64,000
43 FERRY SONEFILLE Branch Manager 80,500 855.00 80,500
44 R.ACHMAD ZEIN W Branch Manager 55,000 855.00 55,000
45 HERU JUDHI IRIANSON Branch Manager 69,500 855.00 69,500
46 ARDI DARMAWAN Branch Manager 53,000 855.00 53,000
47 R. DODDY ROCHYADI Branch Manager 58,000 855.00 58,000


Provided Executed
MESOP 1
SHEET PRICE
48 ANGGONO SINUNG N. Branch Manager 53,500 855.00 53,500
49 WICAKSONO Branch Manager 53,000 855.00 53,000
50 ADHI KUNTOYO Branch Manager 51,500 855.00 51,500
51 MANCU SILITONGA Branch Manager 79,000 855.00 79,000
52 WISNU AGUS PRIJANTO Branch Manager 50,500 855.00 50,500
53 EDY RUDIANA Branch Manager 76,500 855.00 76,500
54 DONNY DWIANTORO Branch Manager 56,500 855.00 56,500
55 SUBUR SARAGIH Branch Manager 78,000 855.00 78,000
56 DANTE SULINDRO NUGROHO Branch Manager 88,500 855.00 88,500
57 ACHMAD ZUCHRIDIN Branch Manager 56,500 855.00 56,500
58 TEGUH WAHYUDI Branch Manager 58,000 855.00 58,000
59 ACHMAD NOORRACHMAN Branch Manager 77,500 855.00 77,500
60 FADJAR JULIATI Branch Manager 64,500 855.00 64,500
61 SRI REZEKI M.S Branch Manager 84,000 855.00 84,000
62 SYAH INDRA Branch Manager 78,500 855.00 78,500
63 SURASTA Branch Manager 53,000 855.00 53,000
64 FADLIN FARADES Branch Manager 51,500 855.00 51,500
65 MUHAMMAD AZHAR Branch Manager 59,500 855.00 59,500
66 PUDI DJUNAIDI Branch Manager 69,000 855.00 69,000
67 CUK HIDAYAT Branch Manager 50,500 855.00 50,500
68 MUNAZIR Branch Manager 37,500 855.00 37,500
69 HERMAN SUGIHARTO Branch Manager 57,000 855.00 57,000
70 TRI MULYONO Branch Manager 56,000 855.00 56,000
71 MARTHA KIRANA Branch Manager 68,000 855.00 68,000
72 IRWAN.CH Branch Manager 72,500 855.00 72,500
73 UNTUNG SURAPATI Branch Manager 49,500 855.00 49,500
74 KABUL BUDHI SETIAWAN Branch Manager 58,500 855.00 58,500
75 APRIANTO Branch Manager 49,500 855.00 30,000
76 DIDI PATRIA Branch Manager 50,000 855.00 50,000
77 AMTSAL YUSPIN Branch Manager 56,500 855.00 56,500
78 NELISMA SURYANI Branch Manager 71,000 855.00 71,000
79 WIBOWO PUDJIANTORO Branch Manager 51,500 855.00 51,500
80 NOOR RIDLO Branch Manager 51,000 855.00 51,000
81 INDRO SETIADJI Branch Manager 67,500 855.00 67,500
82 R.ANGGARANI Branch Manager 78,000 855.00 78,000

Provided Executed
MESOP 1
SHEET PRICE
83 PANCA BUDI KURNIAWAN Branch Manager 56,000 855.00 56,000
84 LUCY NUKMAN Branch Manager 58,000 855.00 58,000
85 ZULFAHMI Branch Manager 29,500 855.00 29,500
86 TYAS DITE KRESNANTO Branch Manager 51,000 855.00 51,000
87 SETIYADI Branch Manager 56,500 855.00 56,500
88 NEFO PURWONO TRIANGGONO Division Head - - -
89 R. MAHELAN PRABANTARIKSO Division Head 57,500 855.00 57,500
90 JONI PRASETIYANTO Division Head 67,500 855.00 67,500
91 ADI SUHARTO ATMADJA Division Head 85,000 855.00 85,000
92 MARISA GEMIRALDA Division Head 94,000 855.00 94,000
93 ARDIN MH SIMANJUNTAK Division Head 144,500 855.00 144,500
94 SUDARYO BAGYO UTOMO Division Head 86,000 855.00 86,000
95 VIATOR SIMBOLON Division Head 108,000 855.00 108,000
96 SRI PURWANTO Division Head 77,500 855.00 77,500
97 TRIANI PUDJI ASTUTI Division Head 105,000 855.00 105,000
98 RINI PUDJIASTUTI Division Head 155,000 855.00 155,000
99 DADANG RUSNADY PJS. Division Head 77,500 855.00 77,500
100 NOFRY RONY POETRO Division Head 77,000 855.00 77,000
101 HULMANSYAH Division Head 105,000 855.00 105,000
102 YOSSI ISTANTO PJS. Division Head 50,000 855.00 50,000
103 TOTO PRIYOHARTONO Division Head 90,000 855.00 90,000
104 BUDI HARTONO Division Head 137,500 855.00 137,500
105 BUDI WAHYUTI Division Head 120,500 855.00 120,500
106 JAUZAN SYAIFUL BARRY Division Head 94,000 855.00 94,000
107 SULIS USDOKO Division Head 138,500 855.00 138,500
108 REINHARD HARIANJA Division Head 83,000 855.00 83,000
109 YOHARSYAH S. ADAM Division Head 109,500 855.00 109,500
110 ONI FEBRIARTO R. Division Head 65,000 855.00 65,000
111 SASMAYA TUHULELEY Division Head 84,000 855.00 84,000
112 BANU PRATOMO Division Head 111,000 855.00 111,000
113 HERNING SUSMAYANTI Division Head 136,000 855.00 136,000
114 DEWI FITRIANINGRUM Division Head 83,000 855.00 83,000
115 TONY HARMANTO Regional Office Head 120,000 855.00 120,000
116 NASRIL Regional Office Head 88,000 855.00 88,000
117 MARET DS SANTOSA Regional Office Head 87,000 855.00 87,000


Provided Executed
MESOP 1
SHEET PRICE
118 HARRY BUDIONO PO. Reg Office Head 106,500 855.00 106,500
MESOP Stage 2
Provided Executed
NO Name Title
MESOP 2
MESOP 2
SHEET PRICE
Board of Director
3 IRMAN ALVIAN ZAHIRUDDIN Director 855,500 1.297,44 855,500
Executive Officers
1 ROGANDA MANGAPUL S Branch Manager 41,500 1.297,44 41,500
2 I DEWA MADE ARYADANA Branch Manager 42,500 1.297,44 42,500
3 HANAFI Branch Manager 42,000 1.297,44 42,000
4 ARIF WIJANARKO Branch Manager 41,500 1.297,44 41,500
5 EDWARD ALIMIN SYARIF Branch Manager 62,000 1.297,44 62,000
6 ARIFIN HAKIM SIREGAR Branch Manager 42,000 1.297,44 42,000
7 DARMINTO Branch Manager 36,000 1.297,44 36,000
8 IKHSAN Branch Manager 54,500 1.297,44 54,500
9 PAIMA ERIANTO HSB Branch Manager 55,000 1.297,44 55,000
10 SURYANTI AGUSTINAR Branch Manager 64,000 1.297,44 64,000
11 ZULMARWAN Branch Manager 40,500 1.297,44 40,500
12 SRI SOEKMINIARNI Branch Manager 42,500 1.297,44 42,500
13 DODDY BURSMAN Branch Manager 59,000 1.297,44 59,000
14 HERMI SRI ULINA Branch Manager 43,000 1.297,44 43,000
15 IRIANA UNTEANI Branch Manager 57,000 1.297,44 -
16 HERU WICAKSONO Branch Manager 50,500 1.297,44 50,500
17 AHMAD FATONI Branch Manager 54,500 1.297,44 54,500
18 FRISABA H YUSDIANTO Branch Manager 56,500 1.297,44 56,500

Provided Executed
NO Name Title
MESOP 2
MESOP 2
SHEET PRICE
19 P. PANDU PAMUNGKAS S. Branch Manager 55,000 1.297,44 55,000
20 ARI KURNIAMAN Branch Manager 42,500 1.297,44 42,500
21 SETYAWATI BUDINASTITI Branch Manager 58,000 1.297,44 58,000
22 MUHAMMAD SIRING Branch Manager 52,500 1.297,44 5,000
23 ATJUK WINARTO Branch Manager 43,000 1.297,44 43,000
24 DIKKI TARUNA A. Branch Manager 37,000 1.297,44 37,000
25 MUCHTAR MUHAMMAD NOOR S Branch Manager 54,000 1.297,44 54,000
26 AHMAD ROMZAH Branch Manager 42,000 1.297,44 42,000
27 M.IWAN SUHERLAN Branch Manager 37,000 1.297,44 -
28 SAHAT SIHOMBING Branch Manager 55,500 1.297,44 55,500
29 MUHAMMAD THAMRIN Branch Manager 68,500 1.297,44 68,500
30 HEVEANTO BEKTI R Branch Manager 55,000 1.297,44 55,000
31 NURMIAH Branch Manager 64,500 1.297,44 64,500
32 IG.A.K. TRI MARTHA W Branch Manager 54,000 1.297,44 54,000
33 NINIK KUSUMA WARDANI Branch Manager 56,500 1.297,44 -
34 BUDI PERMANA Branch Manager 40,000 1.297,44 40,000
35 ENDANG SULISTIYANTI Branch Manager 55,500 1.297,44 55,500
36 SANIMAN Branch Manager 42,000 1.297,44 42,000
37 I KETUT RANTAU HERAWAN Branch Manager 42,000 1.297,44 35,000
38 ERINAL FIWAN Branch Manager 51,500 1.297,44 51,500
39 RIFKI SENGADJI Branch Manager 57,000 1.297,44 57,000
40 M ADRIAN SYAHBANDI A Branch Manager 54,500 1.297,44 54,500
41 SYAFARUDDIN HARAHAP Branch Manager 42,000 1.297,44 42,000
42 AGUS SUSANTO Branch Manager 50,000 1.297,44 50,000
43 FERRY SONEFILLE Branch Manager 61,500 1.297,44 61,500
44 R.ACHMAD ZEIN W Branch Manager 41,000 1.297,44 41,000
45 HERU JUDHI IRIANSON Branch Manager 51,500 1.297,44 51,500
46 ARDI DARMAWAN Branch Manager 42,000 1.297,44 -
47 R. DODDY ROCHYADI Branch Manager 50,500 1.297,44 -
48 ANGGONO SINUNG N. Branch Manager 42,500 1.297,44 42,500
49 WICAKSONO Branch Manager 42,000 1.297,44 42,000
50 ADHI KUNTOYO Branch Manager 41,000 1.297,44 41,000
51 MANCU SILITONGA Branch Manager 61,000 1.297,44 61,000
52 WISNU AGUS PRIJANTO Branch Manager 37,000 1.297,44 37,000
53 EDY RUDIANA Branch Manager 55,500 1.297,44 55,500
54 DONNY DWIANTORO Branch Manager 42,000 1.297,44 17,000


Provided Executed
NO Name Title
MESOP 2
MESOP 2
SHEET PRICE
55 SUBUR SARAGIH Branch Manager 56,500 1.297,44 56,500
56 DANTE SULINDRO NUGROHO Branch Manager 75,500 1.297,44 75,500
57 ACHMAD ZUCHRIDIN Branch Manager 42,000 1.297,44 42,000
58 TEGUH WAHYUDI Branch Manager 53,500 1.297,44 -
59 ACHMAD NOORRACHMAN Branch Manager 60,000 1.297,44 -
60 FADJAR JULIATI Branch Manager 50,500 1.297,44 50,500
61 SRI REZEKI M.S Branch Manager 64,000 1.297,44 64,000
62 SYAH INDRA Branch Manager 61,500 1.297,44 61,500
63 SURASTA Branch Manager 42,500 1.297,44 -
64 FADLIN FARADES Branch Manager 41,500 1.297,44 41,500
65 MUHAMMAD AZHAR Branch Manager 54,500 1.297,44 54,500
66 PUDI DJUNAIDI Branch Manager 51,000 1.297,44 51,000
67 CUK HIDAYAT Branch Manager 40,500 1.297,44 40,500
68 MUNAZIR Branch Manager 37,500 1.297,44 37,500
69 HERMAN SUGIHARTO Branch Manager 46,000 1.297,44 46,000
70 TRI MULYONO Branch Manager 42,000 1.297,44 42,000
71 MARTHA KIRANA Branch Manager 54,000 1.297,44 54,000
72 IRWAN.CH Branch Manager 52,500 1.297,44 52,500
73 UNTUNG SURAPATI Branch Manager 36,000 1.297,44 36,000
74 KABUL BUDHI SETIAWAN Branch Manager 54,000 1.297,44 54,000
75 APRIANTO Branch Manager 40,000 1.297,44 -
76 DIDI PATRIA Branch Manager 36,500 1.297,44 36,500
77 AMTSAL YUSPIN Branch Manager 42,000 1.297,44 -
78 NELISMA SURYANI Branch Manager 52,500 1.297,44 52,500
79 WIBOWO PUDJIANTORO Branch Manager 41,500 1.297,44 41,500
80 NOOR RIDLO Branch Manager 37,000 1.297,44 37,000
81 INDRO SETIADJI Branch Manager 50,000 1.297,44 50,000
82 R.ANGGARANI Branch Manager 56,500 1.297,44 56,500
83 PANCA BUDI KURNIAWAN Branch Manager 42,000 1.297,44 42,000
84 LUCY NUKMAN Branch Manager 50,000 1.297,44 50,000
85 ZULFAHMI Branch Manager 31,000 1.297,44 31,000
86 TYAS DITE KRESNANTO Branch Manager 37,000 1.297,44 37,000
87 SETIYADI Branch Manager 42,000 1.297,44 -
89 R. MAHELAN PRABANTARIKSO Division Head 46,500 1.297,44 -
90 JONI PRASETIYANTO Division Head 60,000 1.297,44 60,000

Provided Executed
NO Name Title
MESOP 2
MESOP 2
SHEET PRICE
91 ADI SUHARTO ATMADJA Division Head 65,500 1.297,44 65,500
92 MARISA GEMIRALDA Division Head 83,000 1.297,44 83,000
93 ARDIN MH SIMANJUNTAK Division Head 113,000 1.297,44 113,000
94 SUDARYO BAGYO UTOMO Division Head 61,500 1.297,44 61,500
95 VIATOR SIMBOLON Division Head 87,500 1.297,44 87,500
96 SRI PURWANTO Division Head 59,500 1.297,44 59,500
97 TRIANI PUDJI ASTUTI Division Head 80,500 1.297,44 80,500
98 RINI PUDJIASTUTI Division Head 111,000 1.297,44 111,000
99 DADANG RUSNADY PJS. Division Head 60,000 1.297,44 60,000
100 NOFRY RONY POETRO Division Head 59,500 1.297,44 59,500
101 HULMANSYAH Division Head 77,500 1.297,44 77,500
102 YOSSI ISTANTO PJS. Division Head 40,500 1.297,44 40,500
103 TOTO PRIYOHARTONO Division Head 69,000 1.297,44 69,000
104 BUDI HARTONO Division Head 108,000 1.297,44 108,000
105 BUDI WAHYUTI Division Head 88,000 1.297,44 75,500
106 JAUZAN SYAIFUL BARRY Division Head 79,500 1.297,44 79,500
107 SULIS USDOKO Division Head 109,000 1.297,44 109,000
108 REINHARD HARIANJA Division Head 63,500 1.297,44 63,500
109 YOHARSYAH S. ADAM Division Head 89,000 1.297,44 89,000
110 ONI FEBRIARTO R. Division Head 51,000 1.297,44 51,000
111 SASMAYA TUHULELEY Division Head 65,000 1.297,44 42,500
112 BANU PRATOMO Division Head 90,000 1.297,44 90,000
113 HERNING SUSMAYANTI Division Head 107,000 1.297,44 107,000
114 DEWI FITRIANINGRUM Division Head 63,500 1.297,44 63,500
115 TONY HARMANTO Regional Office Head 105,500 1.297,44 -
116 NASRIL Regional Office Head 68,000 1.297,44 68,000
117 MARET DS SANTOSA Regional Office Head 74,000 1.297,44 74,000
118 HARRY BUDIONO PO. Reg Office Head 78,000 1.297,44 78,000
MESOP Tahap 3
Provided Executed
NO Name Title
MESOP 3
MESOP 3
SHEET PRICE
Board of Director
3 IRMAN ALVIAN ZAHIRUDDIN Director 828,500 1.098,36 828,500


Provided Executed
NO Name Title
MESOP 3
MESOP 3
SHEET PRICE
Executive Officers
1 ROGANDA MANGAPUL S Branch Manager 39,000 1.098,36 39,000
2 I DEWA MADE ARYADANA Branch Manager 41,500 1.098,36 41,500
3 HANAFI Branch Manager 39,500 1.098,36 39,500
4 ARIF WIJANARKO Branch Manager 42,000 1.098,36 42,000
5 EDWARD ALIMIN SYARIF Branch Manager 64,000 1.098,36 64,000
6 ARIFIN HAKIM SIREGAR Branch Manager 43,500 1.098,36 43,500
7 DARMINTO Branch Manager 34,000 1.098,36 34,000
8 IKHSAN Branch Manager 55,000 1.098,36 55,000
9 PAIMA ERIANTO HSB Branch Manager 56,500 1.098,36 56,500
10 SURYANTI AGUSTINAR Branch Manager 68,000 1.098,36 68,000
11 ZULMARWAN Branch Manager 43,000 1.098,36 43,000
12 SRI SOEKMINIARNI Branch Manager 46,000 1.098,36 46,000
13 DODDY BURSMAN Branch Manager 61,500 1.098,36 61,500
14 HERMI SRI ULINA Branch Manager 47,000 1.098,36 47,000
15 IRIANA UNTEANI Branch Manager 56,000 1.098,36 -
16 HERU WICAKSONO Branch Manager 51,500 1.098,36 51,500
17 AHMAD FATONI Branch Manager 53,500 1.098,36 53,500
18 FRISABA H YUSDIANTO Branch Manager 57,500 1.098,36 57,500
19 P. PANDU PAMUNGKAS S. Branch Manager 55,500 1.098,36 55,500
20 ARI KURNIAMAN Branch Manager 45,000 1.098,36 45,000
21 SETYAWATI BUDINASTITI Branch Manager 59,500 1.098,36 59,500
22 MUHAMMAD SIRING Branch Manager 49,500 1.098,36 4,500
23 ATJUK WINARTO Branch Manager 46,500 1.098,36 46,500
24 DIKKI TARUNA A. Branch Manager 39,000 1.098,36 39,000
25 MUCHTAR MUHAMMAD NOOR S Branch Manager 56,000 1.098,36 56,000
26 AHMAD ROMZAH Branch Manager 40,000 1.098,36 40,000
27 M.IWAN SUHERLAN Branch Manager 37,500 1.098,36 37,500
28 SAHAT SIHOMBING Branch Manager 57,500 1.098,36 57,500

Provided Executed
NO Name Title
MESOP 3
MESOP 3
SHEET PRICE
29 MUHAMMAD THAMRIN Branch Manager 69,000 1.098,36 69,000
30 HEVEANTO BEKTI R Branch Manager 56,000 1.098,36 56,000
31 NURMIAH Branch Manager 66,500 1.098,36 66,500
32 IG.A.K. TRI MARTHA W Branch Manager 54,500 1.098,36 54,500
33 NINIK KUSUMA WARDANI Branch Manager 57,000 1.098,36 -
34 BUDI PERMANA Branch Manager 44,000 1.098,36 44,000
35 ENDANG SULISTIYANTI Branch Manager 56,000 1.098,36 56,000
36 SANIMAN Branch Manager 39,500 1.098,36 39,500
37 I KETUT RANTAU HERAWAN Branch Manager 39,500 1.098,36 39,500
38 ERINAL FIWAN Branch Manager 55,000 1.098,36 55,000
39 RIFKI SENGADJI Branch Manager 59,000 1.098,36 59,000
40 M ADRIAN SYAHBANDI A Branch Manager 57,000 1.098,36 57,000
41 SYAFARUDDIN HARAHAP Branch Manager 44,500 1.098,36 44,500
42 AGUS SUSANTO Branch Manager 52,000 1.098,36 52,000
43 FERRY SONEFILLE Branch Manager 61,500 1.098,36 61,500
44 R.ACHMAD ZEIN W Branch Manager 44,000 1.098,36 44,000
45 HERU JUDHI IRIANSON Branch Manager 53,500 1.098,36 53,500
46 ARDI DARMAWAN Branch Manager 41,000 1.098,36 -
47 R. DODDY ROCHYADI Branch Manager 53,000 1.098,36 -
48 ANGGONO SINUNG N. Branch Manager 42,500 1.098,36 42,500
49 WICAKSONO Branch Manager 40,000 1.098,36 40,000
50 ADHI KUNTOYO Branch Manager 43,000 1.098,36 43,000
51 MANCU SILITONGA Branch Manager 63,000 1.098,36 63,000
52 WISNU AGUS PRIJANTO Branch Manager 38,000 1.098,36 38,000
53 EDY RUDIANA Branch Manager 56,000 1.098,36 56,000
54 DONNY DWIANTORO Branch Manager 51,000 1.098,36 26,000
55 SUBUR SARAGIH Branch Manager 57,000 1.098,36 57,000
56 DANTE SULINDRO NUGROHO Branch Manager 76,500 1.098,36 76,500
57 ACHMAD ZUCHRIDIN Branch Manager 45,500 1.098,36 45,500
58 TEGUH WAHYUDI Branch Manager 56,000 1.098,36 56,000
59 ACHMAD NOORRACHMAN Branch Manager 58,500 1.098,36 58,500
60 FADJAR JULIATI Branch Manager 48,000 1.098,36 48,000
61 SRI REZEKI M.S Branch Manager 67,500 1.098,36 67,500
62 SYAH INDRA Branch Manager 62,000 1.098,36 62,000
63 SURASTA Branch Manager 46,000 1.098,36 46,000
64 FADLIN FARADES Branch Manager 40,500 1.098,36 40,500


Provided Executed
NO Name Title
MESOP 3
MESOP 3
SHEET PRICE
65 MUHAMMAD AZHAR Branch Manager 55,000 1.098,36 55,000
66 PUDI DJUNAIDI Branch Manager 47,500 1.098,36 47,500
67 CUK HIDAYAT Branch Manager 39,500 1.098,36 39,500
68 MUNAZIR Branch Manager 44,500 1.098,36 44,500
69 HERMAN SUGIHARTO Branch Manager 48,000 1.098,36 48,000
70 TRI MULYONO Branch Manager 44,000 1.098,36 44,000
71 MARTHA KIRANA Branch Manager 54,500 1.098,36 54,500
72 IRWAN.CH Branch Manager 48,500 1.098,36 48,500
73 UNTUNG SURAPATI Branch Manager 34,000 1.098,36 34,000
74 KABUL BUDHI SETIAWAN Branch Manager 53,500 1.098,36 53,500
75 APRIANTO Branch Manager 39,500 1.098,36 -
76 DIDI PATRIA Branch Manager 37,500 1.098,36 37,500
77 AMTSAL YUSPIN Branch Manager 41,000 1.098,36 41,000
78 NELISMA SURYANI Branch Manager 53,500 1.098,36 53,500
79 WIBOWO PUDJIANTORO Branch Manager 40,000 1.098,36 40,000
80 NOOR RIDLO Branch Manager 38,500 1.098,36 38,500
81 INDRO SETIADJI Branch Manager 51,000 1.098,36 51,000
82 R.ANGGARANI Branch Manager 54,500 1.098,36 54,500
83 PANCA BUDI KURNIAWAN Branch Manager 40,500 1.098,36 40,500
84 LUCY NUKMAN Branch Manager 49,500 1.098,36 49,500
85 ZULFAHMI Branch Manager 32,000 1.098,36 32,000
86 TYAS DITE KRESNANTO Branch Manager 38,000 1.098,36 38,000
87 SETIYADI Branch Manager 40,000 1.098,36 40,000
89 R. MAHELAN PRABANTARIKSO Division Head 54,500 1.098,36 -
90 JONI PRASETIYANTO Division Head 64,500 1.098,36 64,500
91 ADI SUHARTO ATMADJA Division Head 64,500 1.098,36 64,500
92 MARISA GEMIRALDA Division Head 86,000 1.098,36 86,000
93 ARDIN MH SIMANJUNTAK Division Head 108,500 1.098,36 108,500
94 SUDARYO BAGYO UTOMO Division Head 63,000 1.098,36 63,000
95 VIATOR SIMBOLON Division Head 85,000 1.098,36 85,000
96 SRI PURWANTO Division Head 59,500 1.098,36 59,500
97 TRIANI PUDJI ASTUTI Division Head 83,000 1.098,36 83,000
98 RINI PUDJIASTUTI Division Head 110,500 1.098,36 110,500
99 DADANG RUSNADY PJS. Division Head 60,500 1.098,36 60,500

Provided Executed
NO Name Title
MESOP 3
MESOP 3
SHEET PRICE
100 NOFRY RONY POETRO Division Head 61,500 1.098,36 61,500
101 HULMANSYAH Division Head 94,000 1.098,36 94,000
102 YOSSI ISTANTO PJS. Division Head 43,500 1.098,36 43,500
103 TOTO PRIYOHARTONO Division Head 70,000 1.098,36 70,000
104 BUDI HARTONO Division Head 107,500 1.098,36 107,500
105 BUDI WAHYUTI Division Head 85,000 1.098,36 85,000
106 JAUZAN SYAIFUL BARRY Division Head 80,000 1.098,36 80,000
107 SULIS USDOKO Division Head 108,500 1.098,36 108,500
108 REINHARD HARIANJA Division Head 61,500 1.098,36 61,500
109 YOHARSYAH S. ADAM Division Head 86,000 1.098,36 86,000
110 ONI FEBRIARTO R. Division Head 54,500 1.098,36 54,500
111 SASMAYA TUHULELEY Division Head 66,000 1.098,36 66,000
112 BANU PRATOMO Division Head 87,000 1.098,36 87,000
113 HERNING SUSMAYANTI Division Head 106,500 1.098,36 106,500
114 DEWI FITRIANINGRUM Division Head 67,500 1.098,36 67,500
115 TONY HARMANTO Regional Office Head 101,500 1.098,36 101,500
116 NASRIL Regional Office Head 68,500 1.098,36 68,500
117 MARET DS SANTOSA Regional Office Head 75,500 1.098,36 75,500
118 HARRY BUDIONO PO. Reg Office Head 84,000 1.098,36 84,000

Compliance Report
The Director of Compliance’s Report refers to • Legal Lending Limit (LLL)

Bank Indonesia Regulation No.13/2/PBI/2011 During the reporting period, there were no
on the Implementation of Compliance Functions LLL violations or transgressions, both related
for Commercial Banks. In 2013, the Director parties and unrelated parties to the Bank.
of Compliance carried out his duties, among
others: • Net Open Position (NOP)
• Develop a Compliance Work Plan that was The overall NOP ratio to the Bank’s position
published in the Business Plan of the Bank in December 2013 of Bank BTN was
to encourage and/or maintain Compliance under the maximum limit required by Bank
Culture. Indonesia, namely 0.98%, whereas in the
• Ensure that policies, systems and procedures same period in 2012 the Bank’s NOP Ratio
of the Bank complied with Bank Indonesia was 0.70% or an increase of 0.28% due to
regulations and the laws and regulations in an increase in position of Current Accounts
force. with Other Banks (GPBL) in U.S. Dollars if
• Monitor and Manage Compliance Risk. compared to the year 2012.
• Monitor and Maintain the Bank’s business
activities in accordance with prevailing • Allowance for Impairment Losses (CKPN)
regulations. and Provisioning for Impairment Losses of
• Monitor the compliance of Branch Offices Productive Assets
• Follow-up on Bank Indonesia inspection The ratio of CKPN and allowance for
results impairment losses of productive assets
• Compliance Report to the Board of has been established in the balance sheet
Commissioners of productive assets and administrative
• Monitor and maintain the Bank’s compliance account transactions compared with the
agreements and commitments with allowance that must be established by the
external parties (Bank Indonesia and other Bank as of December 31, 2013 was 60.60%,
institutional authorities) while in the same period in 2012 the CKPN
and allowance for impairment losses of the
Implementation of Prudential Principles Bank was 110.78 % or a decline of 50.18%.
In the context of the implementation of prudential
principles, the Bank has complied with relevant Implementation of Compliance
provisions of application of prudential principles Function Routine Activities
as reflected in the following ratios: In order to ensure conformity of the policies,
• Capital Adequacy Ratio (CAR) systems and procedures as well as business
Capital adequacy ratio for credit risk, activities conducted by Bank BTN with Bank
operational risk, and market established Indonesia regulations and the laws and
by the as of December 31, 2013 was regulations in force, including Sharia principles
15.91%, while in the same period in 2012 for Sharia Business Unit, Bank BTN has taken
Capital Adequacy Ratio of the Bank was the following steps:
17.69% or a decline of 1.78%. This decrease • Dissemination of new external regulations
was due to increase in Risk Weighted issued by the Regulator to the related units,
Assets (RWA) in 2013 by 25%, while core particularly regulations related to banking
capital increase could not compensate for activities and products both Commercial
the increase in existing RWA, namely just Banks and Sharia Business Unit
12 % from 2012. The increase in RWA is • Provide assessment of compliance aspects
largely driven by an increase in RWA on on draft internal regulations to be issued by
credit risk which accounted for 87% of the the Bank, as well as new products and/or
increase in RWA from 2012.

activities that will be held by the Bank. Operating Procedures (SOPs) are run
• Review aspects of compliance with the Bank contravening the laws and regulations in
‘s internal regulations to be implemented. force and in accordance with the standards
• Compliance Division has conducted / requirements imposed by the Bank.
compliance study/review with internal rules • BCSOs evaluate the operational activities
(policies & SOP) which currently is still valid. across work units on a periodic and thematic
The review results are then submitted to the basis. Furthermore BCSOs shall submit
Division that is responsible for managing the a report on the evaluation of operational
policy and SOP for further improvement or activities of Branch Offices and Sub-branch
revision. Offices to Head Office (cq. Compliance
• Monitoring of the commitments made by Division).
the Bank to Bank Indonesia and other • BCSOs contribute to delivering compliance
institutional authorities. evaluation result reports of Branch Offices to
• Inspection review of operational readiness the authorized Auditors.
of the relocation of office network (outlets) • BCSOs are required to provide input on
and the opening of new offices through general policies, systems and procedures of
compliance check list. the compliance level of evaluating business
processes, in addition to their role in fostering
Compliance Monitoring of Branch compliance awareness of the Branch Offices
Offices Through Compliance Branch and in discussing various topics and issues
Supervisory Officers (BCSOs) related to compliance risk.
• Compliance Division has changed
the organizational structure of Control Implementation of compliance with
Compliance Officer (CCO) units which was the management of Customer Due
originally placed at 10 main Branch Offices Diligence, Anti-Money Laundering and
to BCSO units that will be placed at all Combating the Financing of Terrorism
Branch Offices and Regional Offices. (APPU & PPT)
• As a first stage, 35 (thirty five ) BCSOs In order to reduce the Bank’s risk and implement
have currently been placed at 35 (thirty compliance function in accordance with Bank
five) Branch Offices to oversee operations Indonesia Regulation No.14/27/PB/2012 dated
through a more effective compliance December 28, 2012 on the Implementation
evaluation system without disrupting the of Anti-Money Laundering and Prevention of
smooth running of business acceleration Terrorism Financing for Commercial Banks, the
processes and furthermore is expected to following steps have been taken:
drive the business units to conduct sound • Conduct periodic review of applicable
and quality business processes. APU and PPT provisions and adjust to the
• The objective of establishing BCSOs is in applicable provisions
order to achieve a standard evaluation and • Perform improvement and refinement
assessment process of the compliance to the Customer Due Diligence (CDD)
level in all work units at Branch Offices, system with an approach based on risk
Sub-branch Offices and Cash Offices so (risk based approach) to support the
that business and operational activities are implementation of APU and PPT in
in accordance with the policies, rules of the accordance with applicable regulations.
organization, activity plans and Standard

• Conduct education and training refreshment which was followed by the publication of
of APU and PPT to employees and Standard Operating Procedures related to
prospective employees including sharia APU-PPT implementation.
employees.
• Report cash financial transactions (Cash • To adjust the Action Plan on the
Transaction Report) and suspicious financial Implementation of APU&PPT Program.
transactions (Suspicious Transaction Report) The Bank has implemented measures in the
to PPATK. implementation of APU and PPT programs
• Coordinate with the Corruption Eradication as follows:
Commission (KPK) in order to synchronize » Following the Action Plan on
work between the State Bank and the KPK implementation of APU - PPT in 2014,
in fighting corruption, as well as to support AML - CMPD Department works closely
other law enforcement and taxation officers. with the ICTD to undertake a development
program (Enhanced) on Customer
In connection with the publication of Bank Due Diligence Intelligence application
Indonesia Regulation No.14/27/PBI/2012 and (ICDD) with a view to accommodate the
BI Circular Letter No.15/21/DPNP concerning implementation of the Program on Anti-
the Application of Program on Prevention of Money Laundering and Combating the
Money Laundering and Terrorism Financing for Financing of Terrorism in accordance
Commercial Banks, the Bank undertakes the with the prevailing regulations.
following steps: » In addition to strengthening the
• Adjustment to APU & PPT Program technological side, to support the
Guidelines. implementation of APU & PPT Program,
As one step of the Bank in complying the Bank has also organized training to
with Bank Indonesia Regulations, in June employees of the relevant work units
2013 the Bank issued Board of Directors and new employees on a regular basis,
Regulation No. 04/PD/CMPD/2013 dated including employees of sharia business
June 27, 2013 on the Implementation of unit.
the Program on Anti-Money Laundering » In line with the above, currently
and Combating the Financing of Terrorism AML-CMPD Department has been
at PT. Bank Tabungan Negara (Persero) working closely with the HCD
Tbk. To support the Board of Directors Learning Department in preparing
Regulation, has been issued Board of the modules along with test material
Directors Circular Letter No.13/DIR/ on APU and PPT for the purposes
CMPD/2013 dated June 27, 2013 of electronic learning method
concerning Guidelines for Implementation as an e-learning program which takes
of the Program on Anti-Money Laundering the theme of APU and PPT Program
and Combating the Financing of Terrorism application.
at Bank Tabungan Negara (Persero) Tbk

Risk Management
The application of Risk Management system at • Risk Profile Assessment which includes
Bank BTN refers to Bank Indonesia Regulation an assessment of Inherent Risk and Risk
No. 5/8/PBI/2003 on the Implementation of Management Implementation Quality
Risk Management for Commercial Banks as (KPMR) in Bank operations. The assessment
amended by Bank Indonesia Regulation No. is carried out on 8 (eight) Risks, namely
11/25/PBI/2009 concerning Amendment to Credit Risk, Market Risk, Liquidity Risk,
Bank Indonesia Regulation No. 5/8/PBI/2003 Operational Risk, Legal Risk, Strategic
on the Implementation of Risk Management Risk, Compliance Risk, and Reputational
for Commercial Banks, Circular Letter No. Risk. KPMR assessment constitutes rating
5/21/DPNP concerning the Implementation of of 4 (four) interrelated aspects, namely
Risk Management for Commercial Banks as Governance Risk; Risk Management
amended by BI Circular Letter No.13/23/DPNP Framework; Management Process Risk,
dated October 25, 2011 concerning Amendment Human Resource Adequacy, and MIS
to 5/21/DPNP concerning the Implementation adequacy; and Risk Control System
of Risk Management for Commercial Banks, BI Adequacy.
Regulation No. 13/1/PBI / 2011 dated January • Bank BTN has been conducting its own
5, 2011 on the Assessment of Soundness Level assessment (self - assessment) of the
of Commercial Banks, Bank Indonesia Circular Bank’s Soundness Level by using the Risk
Letter No. 13/24/DPNP dated October 25, 2011 approach (Risk Based Bank Rating/RBBR)
, concerning Assessment of Soundness Level of with assessment coverage including Risk
Commercial Banks, and other Bank Indonesia Profile factors, Good Corporate Governance
Regulations related to risk management. A new (GCG), Profitability (earnings), and Capital to
implementation of Risk Management at Bank produce the Soundness Level Composite
BTN in 2013 was as follows: Rating of Bank BTN.
The Organization Structure of Risk Management

Division Head
Risk Management Division
Market Risk Credit Risk Operational Risk

Risk Officer
Management Management Management
Coordinator
Dept. Head Dept. Head Dept. Head
Division/
Market Risk Operatioral
Credit Risk Policy Regional/Branch
Policy & Risk Policy &
& Procedure Risk
Procedure Procedure
Officer
Division/
Market Risk Credit Risk Operatioral Risk
Regional/Branch
Assessment & Assessment & Assessment &
Risk
Measurement Measurement Measurement
Officer Support
Operatioral Risk
Line of Command Assessment &
Measurement
Line of Communication/Information

Targets and strategic initiatives related to • Development of risk management

the implementation of risk management in information system in the form of RMS (Risk
2013 Management Solution) as parent initiative in
Targets and strategic initiatives related to the the risk management process (4 main risks:
implementation of risk management in 2013, operational, credit, market and liquidity) and
are as follows: also the completion of compiling risk profiles
• Implementation of risk management in for Treasury Division and Commercial
addition to focus on development and Lending Division.
simulation for risk measurement and capital, • Implementation of stress testing for Credit
is also focused on the development of a Risk has been conducted 1 (one) time a
culture of risk awareness at all levels of year, Market Risk stress testing 4 (four) times
Bank BTN and the Ex Ante function in order a year and liquidity risk stress testing 6 (six)
to minimize the incidence of risk exposure. times a year in order to assess the resilience
So that the risk management policy that of the Bank to stress/crisis scenarios.
has been set can be implemented in daily
business and operational activities at every Active supervision of the Board of
level. Commissioners and Board of Directors
• Given the greatest risk at Bank BTN is The Board of Commissioners has clear duties
credit risk and liquidity risk, it is necessary and responsibilities, including :
to improve the quality of assets and fund • Approve Risk Management policies
raising at a low cost (CASA), so that these including Risk Management strategies and
risks can be reduced. framework established in accordance with
• Development of policies and procedures for the level of risk taken (risk appetite) and risk
Risk Management in 2013, as follows: tolerance;
» Preparation and issuance of Risk Data • Evaluate Risk Management policy and Risk
Collection Guidelines as set out in Management strategy at least once a year
Circular Letter No. 23/DIR/RMD/2013 or in a greater frequency in the event of a
dated October 29, 2013 concerning change in the factors that affect the Bank’s
Implementation Guidelines for Risk Data business activities significantly;
Collection for BTN Loss Event Database » Board of Commissioners has
(BTN-LED) PT Bank Tabungan Negara evaluated and approved by Board of
(Persero) Tbk. Commissioners Letter No. 91/KOM/
» Preparation and issuance of Commercial BTN/IX/2013 dated September 25,
Credit Risk Analysis Guidelines as set out 2013 concerning the Application
in Circular Letter No. 26/DIR/RMD/2013 for Approval of Review of the Risk
dated December 5, 2013 on Guidelines Management Policy Manual (PKMR) of
for Commercial Credit Risk Analysis of PT Bank Tabungan Negara (Persero)
PT Bank Tabungan Negara (Persero) Tbk. In 2012, at the suggestion of the
Tbk. Board of Directors through the Board of
» Review of Board Of Directors Regulation Directors Letter No.476/S/RMD/VI/2013
concerning Risk Management Policy dated June 25, 2013 concerning the
Guidelines which governs the risk Application for Approval of Review of
appetite of Bank BTN management, the Risk Management Policy Manual
namely Board of Directors Regulation (PKMR) of PT Bank Tabungan Negara
No. 07/PD/RMD/2013 dated November (Persero) Tbk. In 2012 that contains
27, 2013 on Guidelines for Risk about Risk Appetite, Risk Tolerance and
Management Policy (PKMR) of PT Bank Sharia Business Unit Risk Management
Tabungan Negara (Persero) Tbk.

regulations, some things suggested by » Risk profile is presented to the Board of
the Board of Commissioners are: Commissioners on a quarterly basis as
- Risk indicators to be formulated evaluation material for implementation
quantitatively so that there is a clear of risk management policies and
measure, for example: Governance Processes .
• Credit Risk » Discussion of the follow-up of action
Risk Appetite and risk tolerance plan on the findings by Bank Indonesia
should be in harmony with the on March 13, 2013 and July 24, 2013.
policies set out in the Business » Discussion of the approval of RKAP
Plan of the Bank. In this case proposed revision and 2013 Business Plan
the gross NPL of 3% may be of the Bank on June 26 and July 3, 2013.
acceptable as a maximum » Discussion and evaluation of GCG action
threshold provided that target plan on October 9, 2013 and October
setting is still challenging and 18, 2013.
achievable. » Discussion of RKAP 2014 on November
• Liquidity Risk 27, 2013.
The level of dependence on third
party funds (concentration risk) The Board of Directors has clear duties and
from large depositors should responsibilities, among others:
be reduced and the policy to • Develop a Risk Management framework
raise cheap funds should be including risk management strategies in
increased concretely. For that, writing and comprehensively including
the risk management policy overall risk limits for each type of risk,
should accommodate this so taking into account the level of risk taken
that concrete results can be seen and the risk tolerance to capital adequacy.
immediately. After obtaining the approval of the Board of
- There is a need to change the Commissioners, the Board of Directors set
organizational structure that regulates the Risk Management framework and the
risk management functions, such related strategy;
as the need for risk officers at each » As part of the implementation of duties
regional office and branch office, as and responsibilities of the Board of
well as adjustment to the number of Directors in the implementation of risk
risk officers in certain branch officer management, the Board of Directors has
where the risk is significant. made:
- Risk Monitoring Committee (KPR) - Preparation of Risk Appetite and
under the Board of Commissioners Risk Tolerance for 8 types of
to be regarded as RMD partner, as risk, as proposed to the Board
the Audit Committee with the IAD. of Commissioners through Letter
To that end, monthly meetings have No.476/S/RMD/VI/2013 dated June
been scheduled between KPR and 25, 2013 concerning the Application
RMD to discuss risk profiles and for Approval of Revision/Review of
issues related to risk management. the Risk Management Policy Manual
• Evaluate the accountability of the Board (PKMR) of PT Bank Tabungan
of Directors and provide direction for Negara (Persero) Tbk in 2012.
improvement and implementation of risk - Preparation of Risk Management for
management policy periodically. Evaluation Sharia Business Unit (UUS) as part of
is done in order to ensure that the Board PKMR of Bank BTN in accordance
of Directors has managed the risks and with Board of Directors Regulation
activities of the Bank effectively. No. 07/PD/RMD/2013 dated

November 27, 2013 on Guidelines » There is a limit of authority classification

for Risk Management Policy (PKMR) to authorize and endorse payment at
of PT Bank Tabungan Negara the Branch Office and Head Office by
(Persero) Tbk . position level.
• Develop, establish, and update the • Evaluate and/or update the Risk
procedures and tools to identify, measure, Management strategy and framework at
monitor, and control risks; least once a year or in a greater frequency
» The Board of Directors formulates, in the event of a change in the factors that
establishes and updates the procedures affect the Bank’s business activities, risk
and tools to identify, monitor and control exposures, and/or risk profile significantly.
operational risk and credit risk through: » Board of Directors has submitted an
- Circular Letter No. 23/DIR/RMD/2013 application for approval of revision/
dated October 29, 2013 concerning review of the Risk Management Policy
Guidelines for the Implementation of Manual (PKMR) in 2013 to the Board
Risk Data Collection for BTN-Loss of Commissioners through Letter
Event Database (BTNLED) of PT No.476/S/RMD/VI/2013 dated June
Bank Tabungan Negara (Persero) 25, 2013 concerning the Application for
Tbk . Approval of Revision/Review of the Risk
- Circular Letter No. 26/DIR/ Management Policy Manual (PKMR) of
RMD/2013 dated December 5, PT Bank Tabungan Negara (Persero)
2013 concerning Guidelines for Tbk in 2012, in accordance with the
Commercial Credit Risk Analysis of approval of the Board of Commissioners
PT Bank Tabungan Negara (Persero) by letter No.91/KOM/BTN/IX/2013
Tbk. dated September 25, 2013 concerning
• Develop and establish transaction approval the Application for Approval of Revision/
mechanisms, including that go beyond Review of the Risk Management Policy
the limit and authority of every level of the Manual (PKMR) of PT Bank Tabungan
position; Negara (Persero) Tbk in 2012. The
» Board of Directors has set a maximum revision/review has been formalized
risk limit and maximum risk amount in PD No. 07/PD/RMD/2013 dated
taking into account experience, ability November 27, 2013 on Guidelines for
to manage risk management, human Risk Management Policy (PKMR) of PT
resources, Bank Indonesia regulations, Bank Tabungan Negara (Persero) Tbk.
and good prudential banking practices. • Establish organizational structure including
» Determination of risk limit is compiled by clear authority and responsibility in every
Business Units and then recommended position hierarchy associated with the
to the Risk Management Unit and implementation of Risk Management;
Risk Management Committee further » Board of Directors has determined
recommends to the President Director through Board of Directors Regulation
for approval by the Board of Directors. concerning risk management organization
» There is a classification of the loan comprised of the Risk Management
approval authority limit at the Branch Committee and the divisions that support
Office and Head Office by position level. the implementation of risk management
» There is a limit of authority classification namely RMD as Risk Management Unit,
in performing treasury transactions by internal control functions by IAD as Internal
position level. Audit Unit and compliance functions

performed by CMPD as Compliance Unit » Liquidity Risk Stress Testing is
including the authority and responsibility of conducted by RMD on a monthly
each work unit. basis and submitted to the Board
• Responsible for the implementation of of Directors by Memo on Liquidity
Risk Management strategy and framework Risk and Position Monitoring
that has been approved by the Board of Report
Commissioners as well as evaluate and » Credit Risk Stress Testing
provide direction based on the reports has been performed 1 time in
submitted by SKMR including reports accordance with Memo No.
regarding the risk profile; 101/M/RMD/CRMD/VII/2013
» As part of the implementation of these dated July 9, 2013 regarding the
responsibilities, the Board of Directors above Risk Stress Test Results
provides direction, among others, over Fuel Price Increase on Bank
regarding reports submitted by the Performance in 2013
RMD, namely: • Ensure that all material risks and the impact
- Risk profile submitted on a quarterly resulting from the risks has been followed up
basis . by submitting accountability reports to the
- Liquidity Risk and Position Monitoring Board of Commissioners on a regular basis.
Report submitted on a monthly The report shall include a report of progress
basis, but based on the Disposition and problems associated with material risks
from Director Mas Guntur Dwi S. along with improvement measures that have
on RMD Memo No. 77/M/RMD/ been, are being, and will be carried out;
MRD/VIII/2013 regarding Liquidity » Based on the risk profile of the bank,
Risk and Position Monitoring Report the type of risks that are significant
for July 2013, thus the Monitoring for the bank is credit risk and liquidity
Report Position and Liquidity Risk risk. Through the bank’s risk profile
and Position Monitoring Report mechanism, liquidity risk and position
submitted on a monthly basis has monitoring report as well as credit
been changed to weekly. risk exposures monitoring report, the
- Credit Risk Exposures Monitoring Board of Directors ensures that the
Report to be submitted on a relevant work units follow up on the
bimonthly basis. recommendations in the reports so
- Stress Testing: that credit risk and liquidity risk can be
» Market Risk Stress Testing minimized.
has been done 2 times in » The development of both types of
accordance with the RMD Memo significant risks above has been
No.103/M/RMD/CRMD/VII/2013 submitted to the Board of Commissioners
concerning the Submission of by the Board of Directors through the
Financial Statement as of June submission mechanism of the Bank’s
30, 2013 and RMD Memo No. Risk Profile Report on a quarterly basis .
138/M/RMD/ORM/X/2013 • Ensure the implementation of remedial
concerning the Submission measures against problems or irregularities in
of Financial Statement as of the Bank’s business activities as discovered
September 30, 2013. by Internal Audit Unit;

» Board of Directors has ensured » Board of Directors has ensured that

remedial measures against problems risk management functions have
or irregularities in the bank’s business been implemented independently on
activities through: business units and IAD, RMD as a
- Providing referrals to follow-up Risk Management Unit (SKMR) has
monitoring report on external/internal been carrying out its function as a
inspection findings submitted by Risk Manager who continues to make
IAD to the Board of Directors on a identification, measurement, monitoring
quarterly basis. and risk control on business units or
- Evaluate the results of the follow-up operating units as the Risk Owner who is
audit of the previous year at the Audit required to submit reports or information
exit meeting. about risk exposures managed by the
- Audit Committee Meeting work units to RMD.
• Developing a Risk culture that begins
with risk awareness at all levels of the Evaluation of the Effectiveness of Risk
organization, among others including Management System
adequate communication to all levels of Risk Management Division as a Risk
the organization on the importance of an Management Unit routinely per quarter
effective internal control; conducts evaluation of the effectiveness of risk
» As part of developing a risk management management system using risk profile tools that
culture, the Board of Directors ensures include risk management for credit risk, market
among others the existence of: risk, liquidity risk, operational risk, compliance
- Certification of risk management and risk, legal risk, reputational risk and strategic risk.
refreshment programs to employees As set forth in BI Regulation No. 5/8/PBI/2003
and officers of Bank BTN. on the Implementation of Risk Management for
- Provision of training on risk Commercial Banks and BI Regulation No. 11/25/
management to new employees. PBI/2009 on Amendment to BI Regulation No.
- Addition of Branch Risk Officers 5/8/PBI/2003 on the Implementation of Risk
(BROs) including the provision of Management for Commercial Banks, the risk
training to the new BROs. profile report includes an assessment of Inherent
• Ensure adequate financial support and Risks and assessment of Implementation Quality
infrastructure to manage and control risks ; of the Bank’s Risk Management.
» Through stress testing reports and the
Liquidity Risk and Position Monitoring Inherent Risk Assessment is an assessment
Report submitted on a weekly basis, the of the Risks attached to the Bank’s business
Board of Directors ensures the financial activities, both quantifiable and not quantifiable,
adequacy of the Bank. The Board of which could potentially affect the Bank’s financial
Directors also decides the provisions position. The assessment of Implementation
governing infrastructure standards in Quality of Risk Management is an assessment
order to manage and control risks. of 4 (four) interrelated aspects which include
• Ensure that Risk Management functions risk governance, risk management framework,
have been implemented independently as risk management processes, adequacy of
reflected, among others, by the separation human resources, adequacy of management
of functions between SKMR that conducts information systems, and adequacy of risk
identification, measurement, monitoring and control system .
risk control and the work units that conduct
and complete transactions.

Bank Risks Other strategic steps in the implementation of
Aligned with Bank Indonesia regulations the the Bank’s credit risk management are to spread
risks faced by Bank BTN are credit risk, market credit risk and control credit concentration by
risk, liquidity risk, operational risk, legal risk, increasing the loan portfolio and financing outside
reputational risk, strategic risk, and compliance the housing sector (non-housing related).
risk. The explanation of these risks is as follows:
Liquidity Risk
Credit Risk Liquidity risk is the risk due to the inability of
Credit risk management is part of overall risk the Bank to meet its maturing obligations
management, which refers to Bank Indonesia from cash flow funding sources and/
Regulation No.11/25/PBI/2009 dated or from high quality liquid assets that
July 1, 2009 on the Amendment to Bank can be pledged, without disrupting the
Indonesia Regulation No.5/8/PBI / 2003 on activities and financial condition of the
the Implementation of Risk Management for Bank. The inability to obtain cash flow funding
Commercial Banks where Credit Risk is the risk sources resulted in Liquidity Risk, caused
caused by the default of debtors and/or other among others by:
parties to fulfil their obligations to the Bank. • Inability to generate cash flows from
productive assets and derived from the sale
The Bank has reviewed the Risk Management of assets including liquid assets and/or
Policy Guidelines that also set policies in the • Inability to generate cash flows derived
field of credit risk, among others setting credit from the collection of funds, inter- bank
risk calculation using the standardized approach transactions, and borrowed funds.
in accordance with BI Circular Letter No.13/6/
DPNP dated February 18, 2011 regarding In general, the main objective of risk
Guidelines for Calculation of Risk-Weighted management of liquidity risk is to minimize
Assets for Credit Risk Using the Standardized the possibility of the Bank’s inability to obtain
Approach. cash flow funding sources. Thus the bank can
meet any financial liabilities agreed upon as
The Bank regularly reviews and updates Risk they fall due, and always be able to maintain
Management Policy Guidelines and Credit and adequate and optimal liquidity levels. Liquidity
Financing Policy Guidelines for Bank loans and risk management in principle includes Active
financing as risk assessment processing. Supervision by the Board of Commissioners
and Board of Directors; Policies, Procedures
Credit risk exposures are monitored since the and Limit Setting; Risk Management Process
loan granting process until the loan matures. and Risk Management Information System, and
Risk monitoring is to ensure compliance with Internal Control System.
credit requirements, collateral adequacy and
handling of non-performing loans. Active supervision of the Board of Commissioners
in principle includes the Authority and
Regular risk monitoring is done by RMD through Responsibility of the Board of Commissioners
DRO, RRO, and BRO to ensure that the work and Board of Directors; Human Resources (HR)
unit does credit activities consistently applying and Organizational Management. While Policies,
the provisions of the Standard Operational Procedures and Setting Limits generally include
Procedure (SOP) in accordance with the Liquidity Risk Management Strategy; Risk Level
restrictions set by the Bank. to be Taken (Risk Appetite) and Risk Tolerance;
Policies and Procedures, and Limits .

Risk Management Process for Liquidity Risk keeping the Net Open Position in accordance
includes identification process of Liquidity Risk, with Bank Indonesia regulations. External
Liquidity Risk Measurement, Monitoring Liquidity shocks are also accommodated with stress
Risk with attention to early warning indicators testing done to see the extent to which the Bank
to determine the potential increase in Liquidity can survive with some scenarios of changes
Risk to the Bank, Liquidity Risk Control through in external conditions, particularly changes in
strategies of funding, management of liquidity market interest rates.
position and daily Liquidity Risk, management
of high-quality liquid assets, and emergency Included in market risk is the risk of price
funding plan and Risk Management Information changes of financial instruments due to changes
System to support the implementation of in market factors, such as changes in interest
the process of identification, measurement, rates and exchange rates.
monitoring, and control, and reporting of
Liquidity Risk under normal conditions and in Operational Risk
crisis conditions completely, accurately, up-to- Operational risk is the risk due to insufficient
date, intact, and sustainable . and/or failed internal processes, human error,
system failures, and/or the presence of external
Internal Control System includes the events affecting the operations of the Bank.
implementation of internal control system
and appropriate independent review of the Arising operational risk should be anticipated.
implementation of Risk Management for Liquidity Backup of Bank capital is calculated based on
Risk conducted by Internal Audit Division and the minimum capital requirement (CAR) and is
Risk Management Division. one of the steps to anticipate so that Operational
Risk exposure does not disrupt capital.
Measurement tools used in the measurement
of Liquidity Risk include Liquidity Ratio, Maturity In order to calculate the minimum capital
Profile, Cash Flow Projection, and Stress testing requirement for Operational Risk , the Bank has
(testing the Bank‘s ability to meet liquidity adopted the Basic Indicator Approach method,
needs in times of crisis by using specific stress in accordance with the provisions stipulated in
scenarios on the Bank as well as general market Bank Indonesia Circular Letter No. 11/3/DPNP
stress scenario) dated January 27, 2009 regarding the
Calculation of Risk Weighted Assets (RWA)
Market Risk for Operational Risk Calculated with the Basic
Market risk is the risk on balance sheet and off Indicator Approach (PID).
balance sheet positions, including derivative
transactions, due to overall changes in market In monitoring Operational Risk, the function of
conditions, including the risk of change in the Internal Audit is to implement internal control
option price. assessment on each functional activity, new
product or service and the Risk Management
In measuring market risk, the Bank uses Division serves to ensure the process of
Standard Method calculations linked to calculate identification, measurement, monitoring
the Capital Adequacy Ratio (CAR) for Market and risk control work effectively on any
Risk. While the exchange rate risk arising from functional activity, new product or service.
fluctuations in exchange rates is maintained by

In order to conduct risk identification process, and regulations on Bank limits. Monitoring is
the Bank is currently developing a BTN-Loss carried out periodically against all Legal Risk
Event Database (BTN-LED) application. This positions.
BTN - LED application is designed to connect
with the Regional Offices and Branch Offices. In implementing control of Legal Risk, LGD
Thus the Regional Offices and Branch Offices provides legal input and recommendations
can periodically transmit lost event data to each to each division and work unit and conducts
office through the web based online system. periodic review of the agreement and
The collected data will then be processed and cooperation contracts with counter parties.
analyzed. From the processing and analysis
results are expected to be identified the risk Reputational Risk
exposure map of each Branch Office. Based Reputational risk is the risk due to declining
on the risk exposure maps obtained, mitigation levels of stakeholders trust that is sourced from
measures will be taken against the identified risk negative perceptions of the Bank. Reputation
exposure. Risk identification is done on the risk factors
inherent in the functional activities that include
Operational Risk mitigation shall be performed transparency (disclosure requirement), customer
by all work units of the Bank. Compliance with complaints against Bank service, the behavior of
policies and procedures is a form of Operational Bank employees in serving customers, and the
Risk mitigation that must be implemented by communication systems of the Bank.
all work units of the Bank. Risk Management
Division ensures that the Bank has adequate Reputational Risk measurement is done based
policies and procedures that must be adhered on the assessment of Reputational Risk factors.
to and implemented by each operating unit in Reputational risk of the Bank is managed
executing transactions and activities accurately, by Corporate Secretary Division ( CSD ) and
efficiently and timely. Customer Care Division (CCD ) and reported
to Bank Indonesia by Customer Care Division
Legal Risk (CCD).
Legal risk is the risk resulting from the demands
and/or weaknesses of juridical aspects where In order to monitor Reputational Risk , the
Legal Risk can be sourced from the juridical Customer Complaint System (SPN) application
aspects weakness caused by weak engagement has been developed to support customer
undertaken by the Bank. The Banks implements complaint service and handling which allows
Legal Risk identification based on risk factors online complaint handling process between the
which include lawsuits and juridical aspects parties related with problems at Branch Offices
weakness. and the Head Office. This is useful to ensure
sustained customer satisfaction.
Legal Risk measurement is carried out by Risk
Management Division jointly with Legal Division In controlling Reputational Risk, Corporate
(LGD) based on evaluation reports on analysis Secretary Division is responsible for the
of law cases individually against contingent implementation of policies related to the
liabilities arising from the lawsuits. handling and settlement of negative news or
to avoid counter- productive information and
Legal Risk monitoring is carried out by perform the function of Public Service Obligation
Risk Management Division to evaluate the (PSO) in order to implement Corporate
effectiveness of the implementation of policies, Social Responsibility (CSR). Corporate Social
procedures and compliance with policies, laws

Responsibility is not just focused on charity In controlling Strategic Risk, Strategy &
activities, but also in the form of a continuous Performance Management Division (SPMD)
program. This is manifested in the form of serves to analyze the gap between the actual
providing subsidies loan and the implementation report and business plan targets and convey
of the Partnership and Community Development the steps to be taken to the Board of Directors
Program (PKBL). periodically.
Strategic Risk Compliance Risk

Strategic risk is the risk due to inaccuracy of the Compliance risk is the risk due to failure of the
Bank in taking and/or implementing a strategic Bank in complying with and/or implementing
decision and failure to anticipate changes the laws and regulations in force. In identifying
in the business environment. Strategic Risk Compliance Risk, Compliance Division (CMPD)
identification is done based on Strategic Risk conducts a study related to Compliance Risk
factors in certain functional activities, such as exposure with the inherent external provisions in
lending activities, treasury and investment, the internal regulations. In addition, Compliance
as well as operations and services through Division analyzes the events that led to the
the business plan prepared by Strategy & emergence of Compliance Risk and informs
Performance Management Division (SPMD) as it to Risk Management Division and Risk
a translation of the Public Policy of the Board of Management Committee for review.
Directors (KUD).
In order to minimize the emergence of
Strategic Risk measurement and its Compliance Risk, Legal Division (LGD) has
measurement parameter is performed based provided a special portal called Internal Access
on the Bank’s performance by comparing actual Management Standards (AIMS) to facilitate all
results with targets set. Strategic Risk monitoring work units to access the internal regulations
is conducted by Strategy and Performance of the Bank. In addition, Compliance Division
Management Division (SPMD) periodically to conducts monitoring of events that cause the
monitor the achievement of Key Performance emergence of Compliance Risk and inform them
Indicators (KPI), while Risk Management Division to Risk Management Division.
(RMD) monitors risk exposure compared with the
risk appetite of the Bank. Furthermore, the Board Compliance Risk measurement is performed
of Commissioners, Board of Directors, Divisions to measure potential losses caused by non-
and Branch Offices review the basic strategies compliance and inability of the Bank to comply
that focus on, among others, on changes in the with applicable external regulations. Compliance
organizational structure of the Bank, commercial Risk magnitude is estimated based on the Bank
lending, trade finance, treasury, operations and ‘s ability to meet all regulations at the time of
the strengths and weaknesses of information the past and future. These activities include
technology systems. reviewing all fines (penalties), litigations, and
customer complaints ever received by the Bank.
Furthermore, Risk Management Division,
business work units, Internal Audit Division and In monitoring Compliance Risk, Risk
Branch Offices of the Bank monitor Strategic Management Division and Compliance Division
risk by comparing the results to be achieved has the duty to evaluate the effectiveness
(expected results) with the actual results, of the implementation of Compliance Risk
evaluate the functional performance of work management regularly by monitoring all
units, and ensure the achievement of targets types of activities that can potentially cause
(target objective). Compliance Risk.

Risk Management Efforts Bank is focused on three (3) types of risk,
PT Bank Tabungan Negara (Persero) Tbk. as a namely credit risk, market risk (including interest
Bank with primary focus on granting housing rate risk) and liquidity risk. Credit Risk stress
loans or housing finance, has a portfolio of testing is done one time a year, Market Risk
assets dominated by Housing Loans (KPR) stress testing four times a year and Liquidity
which is influenced by changes in the external Risk stress testing is done on a weekly basis.
business climate such as inflation, BI Rate level.
The efforts to minimize the negative impact of The Bank has also conducted a review of
risk management are carried out by day to day the Risk Management Policy Manual (PKMR)
risk management activities, in accordance with in order to improve the functions of the risk
Good Corporate Governance (GCG) principles control system at least 1 (one) time per year.
to ensure that all processes and mechanisms Hence, related to the planned implementation
involved in achieving the objectives of the of Basel III, the Bank has made preparations
company have prevented the company from for the implementation of Basel III framework
irregularities and risks that can lead to failure and is involved in the working group under the
in achieving corporate goals, as well as based coordination of Bank Indonesia.
on prudential principles to ensure healthy and
sustainable Bank performance growth. Risk Management Structure
The Bank’s risk governance is based on GCG
As a follow up of the implementation of Pillar principles embodied in the involvement of the
1 of Basel II, the Bank has implemented credit entire organ of the Bank in risk management.
risk measurement using the Standardized This can be seen from the composition of the
Approach in accordance with BI Circular Letter Bank’s risk management.
No. 13/6/DPNP dated February 18, 2011
regarding Guidelines for Calculation of Risk The Board of Commissioners and Board of
Weighted Assets (RWA) for Credit Risk Using Directors are responsible for ensuring adequate
the Standardized Approach. Apart from that implementation of Risk Management in
the Bank has also made calculation of minimum accordance with the characteristics, complexity
capital requirements using the Basic Indicator and Risk Profile of the Bank. The Board of
Approach for Operational Risk in accordance Commissioners and Board of Directors play
with BI Circular Letter No. 11/3/DPNP dated an active role in risk management processes
January 27, 2009 concerning the Calculation in order to mitigate Bank risks through Quality
of Risk Weighted Assets (RWA) for Operational Risk Management including risk governance,
Risk. The use of the Standardized Model for risk management framework, risk management
Market Risk is in accordance with BI Circular processes and adequacy of management
Letter No. 9/33/DPNP dated December 18, information systems, as well as the adequacy of
2007 concerning Guidelines for Use of the the risk control system.
Standardized Method in the Calculation of
Minimum Capital Requirements for Commercial Risk Monitoring Committee
Banks by taking into account Market Risk. Risk Monitoring Committee is responsible for
giving opinions that require the attention of
In order to complete risk measurement, the Board of Commissioners by conducting
especially market risk and liquidity risk, the evaluation of the Bank’s risk management
Bank conducts periodic stress testing to assess policy (Credit Risk, Market Risk, Liquidity Risk,
capital adequacy in terms of the occurrence of Operational Risk, Legal Risk, Reputational
risk events that are extreme or catastrophic. Risk, Strategic Risk, and Compliance Risk),
Currently, the stress tests conducted by the evaluating compatibility between the Bank’s

risk management policies and implementation, to manage Operational Risk, Compliance Risk,
encouraging the empowerment of the Bank’s risk Strategic Risk, Reputational Risk and Legal
management function, monitoring of risks due Risk. Each Department Head is assisted by
to changes in market indicators (interest rate, the Policy & Procedure Unit and Assessment &
exchange rate, etc.) to ensure that the changes Measurement Unit.
do not interfere with the stability of the Bank,
monitoring the internal control system in the In running the risk monitoring function at
implementation of the Bank’s business activities Division and Branch Office levels, Head of Risk
and operations, evaluating policies, systems and Management Division is assisted by Branch
effective internal controls to identify, measure, Risk Officers (BROs), Regional Risk Officers
monitor, and control credit concentration risk, (RROs), Division Risk Officers (DROs), under the
monitoring the internal control of lending as well coordination of the Risk Coordination Officer
as reporting to the Board of Commissioners in (ROC) directly responsible to the Head of Risk
terms of the likelihood of risks to the Bank and Management Division (RMD).
proposing alternative solutions.
Branch Risk Officers (BROs) are officials
Risk Management Committee who are directly responsible to the ROC and
Risk Management Committee (RMC) plays an tasked to monitor the implementation of risk
active role in giving considerations to inherent management at Branch Offices with the process
risks in the policies to be established by the of identification, measurement, monitoring and
Board of Directors and conducts evaluation of recommending risk control to the Branch Offices
the terms which are perceived inappropriate where the BRO is on duty.
with the recent developments and the need
for adjustments. RMS is actively involved in Regional Risk Officer (RRO) is the official who is
assessing inherent risks in each new product directly responsible to the ROC and tasked to
and/or service/activity so that the Bank can monitor the implementation of risk management
take necessary mitigation measures. In addition, in the Regional Office with the process of
if deemed necessary RMC can carry out an identification, measurement, monitoring and
evaluation of the Risk Management Policy recommending risk management to the Regional
Manual (PKMR). Office where the RRO is on duty.
Risk Management Unit Division Risk Officer (DRO) is the official who is
Risk Management Division (RMD) is a Risk directly responsible for the ROC and tasked to
Management Unit (SKMR) at the Bank, led monitor the implementation of risk management
by a Head of Division who reports directly to in the Division/Desk with the process of
the Managing Director of Risk, Compliance identification, measurement, monitoring and
& Strategy. The Organizational Structure of recommending risk management to the Division/
Risk Management Division consists of Market Desk.
Risk Management Department, Credit Risk
Management Department and Operational Risk The Bank has developed a Risk Superintendent
Management Department. in Head Office, a Regional Risk Officer (RRO) in
the Regional Office and a Branch Risk Officer
Market Risk Management Department serves (BRO) in the Branch Office in order to oversee risk
to manage Market Risk and Liquidity Risk. The management actively in the Divisions, Regional
function of Credit Risk Management Department Offices and Branch Offices. As of December
is to manage Credit Risk while the function of 2013, the number of Risk Superintendents
Operational Risk Management Department is placed in Head office is 4 persons namely

Credit Risk Superintendent (CRS), Market implementing the competency enhancement
Risk Superintendent (MRS), Operational program in the field of risk management and the
Risk Superintendent (ORS) and Sharia Risk Bank includes all employees (according to job
Superintendent (SRS). Meanwhile, there is 1 specification) including at RMD, in the context of
(one) RRO (Regional Risk Officer) placed at risk management certification.
Regional Office I and 60 Branch Risk Officers
(BRO) placed at 55 Conventional Branch Offices The Bank regularly conducts education and
and 5 Sharia Branch Offices out of 87 Branch training as well as actively engages staff and
Offices. For several Branch Offices that have officials in seminars related to risk management.
not been placed any BRO, risk management The Bank also includes several employees and
monitoring is done by the BRO from the nearest officials in the risk management unit to follow the
Branch Office. master program in the field of risk management
as well as banking and finance.
Risk Management Policies and
Procedures The Bank also conduct in-house training
The Bank has a policy guide in the field of and pre-test as an initial filter for officials
risk management , namely Risk Management and employees who will take a certification
Policy Manual (PKMR) within which there are examination on risk management held by LSPP
minimum provisions required by Bank Indonesia (Institute of Banking Professional Certification).
Regulations. Review of internal policies are
also done to be in accordance with the current Improvement and Refinement of Risk
provisions of the regulator by conducting a gap Management
analysis and accommodating best practices Increased risk awareness based on GCG
commonly used to improve the implementation principles within the company is carried out
quality of risk management. through risk management certification education
for all officials of the Bank and improvement
Risk management information system at of technical competency for Analysts, Officer
an early stage is focused on risk database Development Program, Supporting Staff,
collection and improvement that is expected Business Process Staff, General Banking
to be developed and implemented into the Staff through the delivery of risk management
information technology system in stages to modules. In addition, Risk Management Division
allow risk measurement and risk monitoring to has socialized the latest revision of the Risk
be done in an integrated manner and can be Management Policy Manual to all work units.
presented in a timely fashion .
Implementation of Basel
Human resource development in Risk
Management • Implementation of Basel II in 2013
In the field of human resource development, the » As a follow up of the implementation
Bank has implemented a program of human of Pillar 1 of Basel II, the Bank has
resource development in the field of education implemented credit risk measurement
and training for risk management officers, using the Standardized Approach in
namely: Risk Superintendents (RSs) in Head accordance with BI Circular Letter No.
Office, RRO and Branch Risk Officers (BROs) in 13/6/DPNP dated February 18, 2011
the Branch Offices in serving to provide a second concerning Guidelines for Calculation
opinion and opinion of inherent risk in any of Risk Weighted Assets (RWA) for
business of the Bank. In addition, the Bank is also Credit Risk using the Standardized

Approach. Apart from that the Bank and implement risk management using
has also made calculation of minimum Basel III framework. The preparation that has
capital requirements using the Basic been done by the bank is, among others to
Indicator Approach for operational risk simulate the concept of Basel III associated
in accordance with BI Circular Letter with liquidity risk, with the plan to implement
No.11/3/ DPNP dated January 27, 2009 the concepts of LCR (Liquidity Coverage
concerning Calculation of Risk Weighted Ratio) and NSFR (Net Stable Funding Ratio)
Assets (RWA) for Operational Risk. The in liquidity management of the Bank.
use of the Standardized Model for Market
Risk is in accordance with BI Circular In accordance with BI Regulation No.15/12/
Letter No.14/21/DPNP dated July 18, PBI/2013 dated December 12, 2013
2012 concerning Amendment to Bank on the Provision of Minimum Capital
Indonesia Circular Letter No. 9/33/DPNP Requirement, the Bank has computed
dated December 18, 2007 concerning ICAAP (Internal Capital Adequacy
Guidelines for the Use of Standardized Assessment Process) to establish adequate
Method in the Calculation of Minimum capital in accordance with the Bank’s risk
Capital Requirements for Commercial profile, and setting strategies to maintain the
Banks by taking into account Market level of the Bank’s capital.
Risk.
» Implementation of Pillar 2 of Basel II is In addition to the provision of minimum
a Supervisory Review, and the Bank capital requirement referred to above,
has submitted a Minimum Capital the Bank is required to establish
Requirement (KPMM) to Bank Indonesia additional capital as a buffer.
every month .
» GCG IAD Sustainability Report through Additional capital referred to takes the form
the delivery of: of:
- Quarterly Published Financial » Capital Conservation Buffer which is
Statements presented in accordance done in stages as follows:
with PSAK 50/55 (revised 2006) and - As much as 0.625% (zero point six
PSAK 60. hundred and twenty five percent)
- Audited Financial Statements. of the RWA starting on January 1,
- Annual Report. 2016;
» The Bank has adopted Pillar 3 of Basel II, - As much as 1.25% (one point twenty
i.e. Disclosure five percent) of RWA starting on
• Preparation of the implementation of Basel III January 1, 2017;
In line with recent developments in the risk - As much as 1.875% (one point eight
management framework has been drawn up hundred and seventy five percent) of
the Basel Committee on Banking Supervision RWA starting on January 1, 2018;
to strengthen bank capital to mitigate the and
risk of procyclicality and systemic risk as well - As much as 2.5% (two point five
as to implement global liquidity standards. percent) of RWA starting on January
The Bank has also been preparing to adopt 1, 2019.

Customer Protection
Customer complaints can be submitted through certainty to customers about the length of time
a variety of channelling media. Among them required by the Bank to complete the complaint.
is via the Branch Office, Head Office Division, Each category of complaints has a Service
Contact Center, print media, electronic, and so Level Agreement (SLA) that differs according
forth. To provide the best service for customers to the time period that has been adapted to
and to ensure that completion of complaint the complexity of the problem. Customers can
can be well coordinated, we have developed a also submit complaints and check the status
system that can monitor resolution of complaints of the complaints at Branch Offices anywhere
in an integrated manner. The system in question in Indonesia without having to confirm to the
is the Customer Complaints System (SPN), Branch Office where the complaint has been first
which is a Web -based system. This system filed, because the SPN is online and integrated.
will facilitate the Branch Office and other parties This allows the entire Customer Service and
to monitor the settlement status of customer Loan Service to track the settlement status of
complaints. In addition, the SPN provides customer complaints in another Branch Office.
Community
Development Program
Funding of social activities and political activities Detailed explanation of the activities surrounding
during the reporting period, namely: the CSR program of Bank BTN is related to:
• The Bank does not provide funds for political • Environment .
activities. • Employment, health, and work safety.
• During the year 2013, granting funds • Social and civic development.
for social activities packed by Bank • Responsibilities to consumers
BTN with the implementation of various
activities of Corporate Social Responsibility This can be seen in the Sustainability Report
(CSR). Broadly speaking, the costs incurred 2013, which is presented in conjunction with the
in implementing CSR activities are as follows: Annual Report.
Field of Activity Total Cost (Rp)

Economics 1,739,008,940
Cultural Arts 10,000,000
Sports 862,000,000
Education 3,173,631,000
Health 158,000,000
Public Facilities and

1,198,916,000
Infrastructure
Worship 2,290,600,000
Nature Conservation 897,670,300
Total Cost 10,329,826,240

Access to information &

Corporate Data
The company always makes it easy for The company continues to report information
stakeholders to access information on financial and material facts by letter to Bapepam-LK and
and corporate information, publications (press Electronic Reporting to the Indonesia Stock
release), products and corporate actions Exchange (www.idx.co.id).
through website www.btn.co.id.
Here’s a list of press releases, delivery of reports
For more information, customers can contact and correspondence with Bapepam and IDX
Call Center 500 286 or email csd@btn.co.id. For throughout 2013.
investors they can directly contact the Corporate
Secretary/Investor Relations of the Company by
sending an email to investor_relations@btn.co.id
or phone (62-21) 638 7014 2.
List of Bank BTN Press Releases in 2013

Press Releases Date
Opening BTN Property Expo 2012 02 Feb 2013
BTN Property Expo 2013 10 Feb 2013
Performance Expose of Quarter IV 2012 27 Feb 2013
Banking Service & Credit Guarantee Partnership 18 Mar 2013
Annual General Meeting of Shareholders 2013 27 Mar 2013
Provision of Housing for Jamsostek Participants with KPR facility 01 Apr 2013
Performance Expose Quarter I 2013 18 Apr 2013
Bancassurance Product Development 27 May 2013
MOU Banking Services 03 Jun 2013
Introduction of BTN Prioritas in Yogyakarta 05 Jun 2013
Credit Guarantee Partnership with PT ACA 21 Jun 2013
Public Finance Guarantee Cooperation iB BTN 21 Jun 2013
BTN Credit Facilitation Project Ciputra Group 21 Jun 2013
Introduction of BTN Prioritas in Pekanbaru 26 Jun 2013
Development of Remittances for Indonesian workers in Malaysia 05 Jul 2013
Credit Guarantee Partnership with PT Askrindo 17 Jul 2013
Retirement Payment Cooperation 19 Jul 2013
Cooperation of Credit/ Financing for Consumer 22 Jul 2013
Performance Expose of Semester 1 2013 23 Jul 2013
ORI010 Sales Partnership 26 Jul 2013
BTN Anticipating Needs for Cash during Lebaran 2013 30 Jul 2013
CSR Free Homecoming - 1300 Workers 01 Aug 2013
Telkom Product Bundling Cooperation with KPR 20 Aug 2013

Press Releases Date
Introduction of BTN Prioritas in Balikpapan 28 Aug 2013
Credit Guarantee Partnership 04 Sep 2013
Introduction of BTN Prioritas in Batam 12 Sep 2013
Introduction of BTN Prioritas in Denpasar 20 Sep 2013
BTN Support Maja Raya Housing Finance 11 Oct 2013
Procurement Process of ATM Diebold in accordance with GCG 25 Oct 2013
Performance Expose of Quarter III 2013 28 Oct 2013
Homebastis Sweepstakes 30 Oct 2013
Introduction of BTN Prioritas in Depok 06 Nov 2013
Introduction of BTN Prioritas in Banjarmasin 13 Nov 2013
Introduction of BTN Prioritas in Solo 18 Nov 2013
Cooperation of Retirement Payment for Soldiers 25 Nov 2013
BTN Lottemart Employees Credit Facilitation 25 Nov 2013
Provision of Housing for Jamsostek Perticipants with KPR/KPA Facility 25 Nov 2013
Public Expose 2013 27 Nov 2013
Banking Service Partnership 29 Nov 2013
Indonesia Most Trusted Companies Award 2013 16 Dec 2013
Introduction of BTN Prioritas in Tangerang 18 Dec 2013
Introduction of BTN Prioritas in Palembang 20 Dec 2013
Publication of 6th KIK EBA. 23 Dec 2013
Transparency of Submitting Reports

Publication
Type of Report
Media Date
Website, OJK, Ministry of State-Owned Enterprises,
Bank Indonesia, YLKI, Rating Agency, Banking
2013 Annual Report 11 Mar 2013
Association, IBI, Research Institute of Economics &
Finance, Economics & Finance Magazine
Publish Financial Statement
Annually as of 31 December 2012 11 Mar 2013
Quarterly as of 31 March 2013 Website & Newspaper 19 Apr 2013
Semi-annually as of 30 June 2013 24 Jul 2013
Quarterly as of 30 September 2013 29 Oct 2013
Website, OJK, Ministry of State-Owned

Enterprises, Bank Indonesia, YLKI, Rating
2012 GCG Implementation Report Agency, Banking Association, IBI, Research 30 May 2013
Institute of Economics & Finance, Economics &
Finance Magazine

Reports to Bapepam – LK
Letter No. Regarding Date Objective
Disclosure of the 3rd Interest Payments Sustainable 30 Dec 2013 OJK

579/S/CSD/IR/XII/2013 Bonds I BTN Phase II in 2013 . OJK, IDX.
31 Dec 2013 IDX
Disclosure of Information that the Public Need to

Know About Listing Asset-backed Securities Collective
577/S/CSD/IR/XII/2013 27 Dec 2013 OJK & IDX
Investment Contract Product (KIK EBA) by PT Bank
Disclosure of Information Concerning 29th Interest

Payment Bank BTN Bond XII of 2006.
Disclosure of Information that the Public Need to Know

About Fit and Proper Test Results of Mr Mardiasmo as
President Commissioner of PT Bank Tabungan Negara
(Persero) Tbk.

Payment Bank BTN Bond XIV 2010.
Notification Fit and Proper Test Results for Members

856/S/DIR/CSD/XII/2013 of the Board of Directors and Executive Officers of PT 10 Dec 2013 OJK & IDX
Bank Tabungan Negara (Persero) Tbk.
Disclosure of Information that the Public Need to 9 Dec 2013 OJK

Know About the Effective appointment of Mr. Maulana
557/S/CSD/IR/XII/2013
Ibrahim as Independent Commissioner of PT Bank
17 Dec 2013 IDX
Disclosure of Information concerning the Membership 9 Dec 2013 OJK

558/S/CSD/IR/XII/2013 Composition of the Audit Committee of PT Bank
Tabungan Negara (Persero) Tbk. 10 Dec 2013 IDX

Payment Bank BTN Sustainable Bond I phase I.
550/S/CSD/IR/XII/2013 Answers to Shelf Registration Shares Questionnaire. 4 Dec 2013 OJK

Payment of Bank BTN Bond XIII 2009 Serial C.
551/S/CSD/IR/XII/2013 Monthly Report of Registration of Securities Holders. 4 Dec 2013 IDX
Disclosure of Information concerning the Signing

of Memorandum of Understanding (MoU) between
PT Bank Tabungan Negara (Persero) Tbk and the
Educational Fund Management Institution (LPDP)
549/S/CSD/IR/XII/2013 Elucidation of the Mass Media Coverage. 2 Dec 2013 IDX
544/S/CSD/IR/XI/2013 Annual Report of Public Expose. 29-Nov-13 IDX

of Agreement between PT Bank Tabungan Negara
532/S/CSD/IR/XI/2013 26-Nov-13 OJK & IDX
(Persero) Tbk and PT Lotte Mart Indonesia, PT Asabri,
PT Taspen and REI (Real Estate Indonesia).
527/S/CSD/IR/XI/2013 Submission of Annual Public Expose Materials. 20 Nov 13 IDX
Disclosure of Information concerning Certain

514/S/CSD/IR/XI/2013 15 Nov 13 OJK & IDX
Shareholders.

508/S/CSD/IR/XI/2013 Plan for implementation of Annual Public Expose. 6 Nov 13 IDX
509/S/CSD/IR/XI/2013 Monthly Report of Registration of Securities Holders. 6 Nov 13 IDX
Confirmation of Gratification Coverage from Diebold

781/S/DIR/CSD/X/2013 31 Oct 2013 OJK
Inc.
Submission of Financial Statements as of September

30, 2013 of PT Bank Tabungan Negara (Persero) Tbk,
498/S/CSD/IR/X/2013 Checklist and Disclosure of Financial Statements For 29 Oct 2013 OJK
The Whole Industry in the Indonesian Capital Market
and Advertising Proof.
Submission of Information Advertisement Proof of

501/S/CSD/IR/X/2013 29 Oct 2013 IDX
Interim Financial Statements.
500/S/CSD/IR/X/2013 Submission of Interim Financial Statements. 29 Oct 2013 IDX
497/S/CSD/X/2013 Elucidation of Mass Media Coverage. 25 Oct 2013 IDX

483/S/CSD/IR/X/2013 of Agreement between PT Bank Tabungan Negara 16 Oct 2013 OJK & IDX
(Persero) Tbk and PT Mandiri Mega Jaya.
Disclosure of Information concerning Membership

478/S/CSD/IR/X/2013 Composition of the Audit Committee of PT Bank 7 Oct 2013 OJK & IDX
Tabungan Negara (Persero) Tbk .

of Agreement between PT Bank Tabungan Negara
473/S/CSD/IR/X/2013 2 Oct 2013 OJK & IDX
(Persero) Tbk and PT Sarana Multigriya Finansial
(Persero).
Disclosure of Information concerning 2nd Interest

472/S/CSD/IR/IX/2013 30 Sep 13 OJK & IDX
Payment of Bank BTN Sustainable Bond I Phase II.
Disclosure of Information concerning 9th Interest

Payment of Bank BTN Bond XV of 2011.

Payment of Bank BTN Bond XII of 2006.
12 Sep 13 OJK
449/S/CSD/IR/IX/2013
Payment of Bank BTN Bond XIV of 2010.
13 Sep 13 IDX
12 Sep 13 OJK
450/S/CSD/IR/IX/2013 Information Disclosure Report on Certain Shareholders.
13 Sep 13 IDX
438/S/CSD/IX/2013 Monthly Report of Registration of Securities Holders. 10 Sep 13 IDX

436/S/CSD/IR/IX/2013 Payment of Bank BTN Sustainable Bond I Phase I of 9 Sep 13 OJK & IDX
2012.

Shareholders.

428/S/CSD/IR/VIII/2013 30 Aug 2013 OJK & IDX
Payment of Bank BTN Bond XIII of 2009 Serial C.
Disclosure of Information on the Signing of Agreement

422/S/CSD/IR/VIII/2013 between PT Bank Tabungan Negara (Persero) Tbk and 21 Aug 2013 OJK & IDX
PT Telekomunikasi Indonesia (Persero) Tbk.

MESOP Program Report After the End of the Vesting 20 Aug 2013 OJK
420/S/CSD/IR/VIII/2013 Period for Phase I Option Sixth Period, Phase II Option
Fourth Period and Phase III Option Second Period. 21 Aug 2013 IDX
147/S/CSD/IR/VIII/2013 Monthly Report of Registration of Securities Holders. 2 Aug 2013 IDX
Submission of Interim Financial Statements

402/S/CSD/IR/VII/2013 25 Jul 2013 IDX
(CORRECTION).

400/S/CSD/IR/VII/2013 24 Jul 2013 IDX
399/S/CSD/IR/VII/2013 Submission of Interim Financial Statements. 24 Jul 2013 IDX
Submission of Half-Yearly Financial Statements of PT

398/S/CSD/IR/VII/2013 24 Jul 2013 OJK
Bank Tabungan Negara (Persero) Tbk.
Disclosure of Information on the Signing of Agreement 22 Jul 2013 OJK

395/S/CSD/IR/VII/2013 between PT Bank Tabungan Negara (Persero) Tbk and
PT Taspen (Persero). 23 Jul 2013 IDX
388/S/CSD/IR/VII/2013 Disclosure of Information on the Signing of Agreement OJK

between PT Bank Tabungan Negara (Persero) Tbk and 18 Jul 2013
389/S/CSD/IR/VII/2013 PT Asuransi Kredit Indonesia (Persero). IDX
Submission of Deed on the Amendment to the Articles

383/S/CSD/IR/VII/2013 of Association of PT Bank Tabungan Negara (Persero) 15 Jul 2013 OJK
Tbk.
381/S/CSD/IR/VII/2013 Disclosure of Information on the Signing of Agreement 12 Jul 2013 OJK

between PT Bank Tabungan Negara (Persero) Tbk and
382/S/CSD/IR/VII/2013 Perusahaan Umum (Perum) Jaminan Kredit Indonesia. 18 Jul 2013 IDX
375/S/CSD/IR/VII/2013 Disclosure of Information that the Public Need to Know

About the Report of the Use of Proceeds from Public
9 Jul 2013 OJK & IDX
Offering of Bank BTN Sustainable Bond Phase II 2013
376/S/CSD/IR/VII/2013
period April-June 2013.
Effective Appointment of Commissioner and

373/S/CSD/IR/VII/2013 Independent Commissioners of PT Bank Tabungan 4 Jul 2013 OJK
Negara (Persero) Tbk.
372/S/CSD/IR/VII/2013 Monthly Report of Registration of Securities Holders. 5 Jul 2013 IDX
360/S/CSD/IR/VII/2013 OJK
1 Jul 2013
361/S/CSD/IR/VII/2013 IDX
358/S/CSD/IR/VI/2013 Disclosure of Information concerning 1st Interest OJK

Payment of Bank BTN Sustainable Bond I Phase II of 28 Jun 2013
359/S/CSD/IR/VI/2013 2013. IDX
352/S/CSD/IR/VI/2013 27 Jun 2013 OJK

Information Disclosure Report on Certain Shareholders.
353/S/CSD/IR/VI/2013 26 Jun 2013 IDX
346/S/CSD/IR/VI/2013 Regarding the Change of Corporate Secretary. 24 Jun 2013 OJK & IDX
343/S/CSD/IR/VI/2013 Disclosure of Information concerning MESOP

Implementation Plan Phase I, Phase II and Phase III of 24 Jun 2013 OJK & IDX
345/S/CSD/IR/VI/2013 PT Bank Tabungan Negara (Persero) Tbk.
333/S/CSD/IR/VI/2013 OJK
20 Jun 2013
Bank BTN Bond XII of 2006.
334/S/CSD/IR/VI/2013 IDX

317/S/CSD/IR/VI/2013 Registration Report of Securities Holders. 12 Jun 2013 IDX
313/S/CSD/IR/VI/2013
12 Jun 2013 OJK & IDX
Shareholders.
12 Jun 2013 OJK & IDX
307/S/CSD/IR/VI/2013 11 Jun 2013 OJK

The 4th Interest Payment of Bank BTN Sustainable
Bond Phase I of 2012.
309/S/CSD/IR/VI/2013 10 Jun 2013 IDX
Submission of Deed on the Amendment to the Articles

310/S/CSD/IR/VI/2013 of Association of PT Bank Tabungan Negara (Persero) 10 Jun 2013 OJK
Tbk.
299/S/CSD/IR/V/2013 Disclosure of Information concerning Redemption of OJK

Serial B Bonds and 16th Interest Payment of Bank 31 May 2013
301/S/CSD/IR/V/2013 BTN Bond XIII of 2009. IDX
294/S/CSD/IR/V/2013 OJK
Information Disclosure Report on Certain Shareholders. 27 May 2013
295/S/CSD/IR/V/2013 IDX
277/S/CSD/IR/V/2013 OJK
Information Disclosure Report on Certain Shareholders. 21 May 2013
279/S/CSD/IR/V/2013 IDX
252/S/CSD/IR/V/2013 Information Disclosure Report on Certain Shareholders. 6 May 2013 IDX
244/S/CSD/IR/IV/2013 Disclosure of Information concerning Membership

Composition of the Audit Committee of PT Bank 24 Apr 13 OJK & IDX
245/S/CSD/IR/IV/2013 Tabungan Negara (Persero) Tbk.
236/S/CSD/IR/IV/2013
Submission of Financial Statements as of March 31,
19 Apr 13 OJK & IDX
2013.

238/S/CSD/IR/IV/2013 19 Apr 13 IDX
225/S/CSD/IR/IV/2013 10 Apr 13 OJK

Report on the Use of Proceeds from Public Offering of
Bank BTN Sustainable Bond I Phase II of 2013.
221/S/CSD/IR/IV/2013 Registration Report of Securities Holders. 9 Apr 13 IDX
217/S/CSD/IR/IV/2013 4 Apr 13 OJK

Report of Certain Shareholders.

212/S/CSD/IR/IV/2013 of Agreement between PT Bank Tabungan Negara 3 Apr 13 OJK
(Persero) Tbk and Jamsostek, REI & APERSI.
2 Apr 13 OJK & IDX
Payment of Bank BTN Bond XV.
205/S/CSD/IR/IV/2013 OJK
Results of General Meeting of Shareholders. 1 Apr 13
206/S/CSD/IR/IV/2013 IDX

208/S/CSD/IR/IV/2013 Submission of Advertisement Proof of AGMS Results. 1 Apr 13 IDX
Submission of Advertisement Proof of Final Cash

Dividend schedule.
207/S/CSD/IR/IV/2013 Schedule of Cash Dividend. 1 Apr 13 IDX
203/S/CSD/IR/III/2013 Effective Appointment of Bank BTN Directors. 28 Mar 2013 OJK
170/S/CSD/IR/III/2013 MESOP Program Report After the End of the Vesting

Period for Phase I Option Fifth Period, Phase II Option 19 Mar 2013 OJK & IDX
171/S/CSD/IR/III/2013 Third Period and Phase III Option First Period.
Affiliated Transaction Report in the context of Providing

177/S/CSD/IR/III/2013 20 Mar 2013 OJK
Benefits to Employees.
175/S/CSD/IR/III/2013 Disclosure of Information concerning the Signing 20 Mar 2013

of Agreement between PT Bank Tabungan Negara OJK & IDX
176/S/CSD/IR/III/2013 (Persero) Tbk and PT Asuransi Jasa Indonesia. 20 Mar 2013
167/S/CSD/IR/III/2013 Information Disclosure Report on Certain Shareholders. 18 Mar 2013 OJK
128/S/CSD/IR/III/2013 Ranking Reporting of Debt Securities. 5 Mar 2013 OJK
164/S/CSD/IR/III/2013 Information Disclosure Report on Certain Shareholders. 15 Mar 2013 IDX
179/S/CSD/IR/III/2013
21 Mar 2013 OJK & IDX
Payment of Bank BTN Bond XII of 2006.
180/S/CSD/IR/III/2013
153/S/CSD/IR/III/2013 13 Mar 2013 OJK

154/S/CSD/IR/III/2013 14 Mar 2013 IDX
Submission of Copy Deed of the Resolutions of the

152/S/CSD/IR/III/2013 General Extraordinary Shareholders Meeting of PT 13 Mar 2013 OJK
Bank Tabungan Negara (Persero) Tbk .
144/S/CSD/IR/III/2013 Regarding Invitations to the 2013 Annual General OJK

Meeting of Shareholders of PT Bank Tabungan Negara 11 Mar 2013
146/S/CSD/IR/III/2013 (Persero) Tbk. IDX
143/S/CSD/IR/III/2013 Invitation to the 2013 Annual General Meeting of OJK

Shareholders of PT Bank Tabungan Negara (Persero) 11 Mar 2013
147/S/CSD/IR/III/2013 Tbk. IDX

133/S/CSD/IR/III/2013 Submission of Decision Letter of PT Bank Tabungan 8 Mar 2013 OJK

Negara (Persero) Tbk Audit Committee Membership
148/S/CSD/IR/III/2013 Changes. 11 Mar 2013 IDX
139/S/CSD/IR/III/2013 Monthly Report of Registration of Securities Holders. 8 Mar 2013 IDX
131/S/CSD/IR/III/2013 OJK
Information concerning 3rd Interest Payment of Bank
7 Mar 2013
BTN Sustainable Bond I of 2012.
132/S/CSD/IR/III/2013 IDX
Ranking Reporting of Debt Securities. 5 Mar 2013
125/S/CSD/IR/III/2013 Submission of other Advertisement Proof. 5 Mar 2013 IDX
4 Mar 2013
Payment of Bank BTN Bond XIII of 2009.
109/S/CSD/IR/II/2013 Ranking of Debt Securities. 28 Feb 2013 OJK
Disclosure of Information concerning Ranking of Debt

112/S/CSD/IR/II/2013 28 Feb 2013 IDX
Securities.
Submission of Advertisement Proof on Ranking of

113/S/CSD/IR/II/2013 28 Feb 2013 IDX
Debt Securities.
Submission of Advertisement Proof of 2012 Financial

111/S/CSD/IR/II/2013 28 Feb 2013 IDX
Statements.
114/S/CSD/IR/II/2013 28 Feb 2013 OJK

Submission of Annual Financial Statements.
110/S/CSD/IR/II/2013 28 Feb 2013 IDX
99/S/CSD/IR/II/2013 Notification of the AGMS. 22 Feb 2013 IDX
101/S/CSD/IR/II/2013 Submission of Advertisement Proof regarding the 21 Feb 2013 OJK

Annual General Meeting of Sharehoders of PT Bank
100/S/CSD/IR/II/2013 Tabungan Negara (Persero ) Tbk. 21 Feb 2013 IDX

89/S/CSD/IR/II/2013 Information Disclosure Report on Certain Shareholders. 18 Feb 2013 OJK
86/S/CSD/IR/II/2013 Information Disclosure Report on Certain Shareholders. 19 Feb 2013 IDX
Submission of Board of Directors Decree concerning

the Appointment of Temporary Alternate (Acting) Head
71/S/CSD/IR/II/2013 12 Feb 2013 OJK
of Internal Audit Division of PT Bank Tabungan Negara
(Persero) Tbk.
63/S/CSD/IR/II/2013 Monthly Report of Registration of Securities Holders. 8 Feb 2013 IDX
Submission of Payment Proof of Administrative

50/S/CSD/IR/II/2013 5 Feb 2013 OJK
Sanctions.
45/S/CSD/IR/II/2013 Information Disclosure Report on Certain Shareholders. 4 Feb 2013 OJK
45/S/CSD/IR/II/2013 Revision of Audit Committee Changes. 4 Feb 2013 IDX
37/S/CSD/IR/I/2013 30 Jan 2013 OJK

Information Disclosure Report on Certain Shareholders.
39/S/CSD/IR/I/2013 31 Jan 2013 IDX
24/S/CSD/IR/2013 Submission of the Decree of Changes in the 18 Jan 2013 OJK

Composition of the Audit Committee of PT Bank
28/S/CSD/IR/2013 Tabungan Negara (Persero) Tbk. 21 Jan 2013 IDX
21/S/CSD/IR/I/2013 15 Jan 2013 OJK

Report on the Use of Proceeds from the Limited Public
Offering I of Rights Issue of Bank BTN in 2012.
22/S/CSD/IR/I/2013 15 Jan 2013 IDX
Disclosure of Information concerning the

33/S/CSD/IR/I/2013 Implementation Plan of MESOP Phase I, Phase II, and 22 Jan 2013 OJK
Phase III of PT Bank Tabungan Negara (Persero) Tbk.
08/S/CSD/IR/I/2013 Monthly Report of Registration of Securities Holders. 9 Jan 2013 IDX

02/S/CSD/IR/I/2013 2 Jan 2013 OJK
Notice of the 2012 EGMS Results of December 28,

01/S/CSD/IR/I/2013 2 Jan 2013 OJK
2012.
04/S/CSD/IR/I/2013 Submission of Advertisement Proof. 2 Jan 2013 IDX
03/S/CSD/IR/I/2013 Results of General Meeting of Shareholders. 2 Jan 2013 IDX

Strategic Plan
of the Bank
Long Term Plan development of talent management and

Taking into account the current development of knowledge management
the national economy as well as to anticipate » Improvement of credit and collection
the global and national economic uncertainty management in an integrated manner
ahead, in the preparation of the Business Plan » Increased productivity of outlets both
of the Bank (RBB) 2014-2016, BTN Bank is office network (branch offices, sub-
focusing on business transformation, work branch offices and cash offices) and
culture, and infrastructure supported by the electronically
implementation of good corporate governance » Implementing efficiency, including
for the achievement of quality business growth. automation to increase the capacity of
In line with the vision of BTN Bank and the serving the market
implementation of BI Regulation No. 14/22/2012 » Strengthening of MIS at various levels
regarding the business activities of the bank, of the organization (corporate, division,
BTN Bank stays focused on housing finance as region, and branches)
its primary business with funding support from
third party funds and whole sale funds. Medium Term Plan
BTN strategic move within the next 5 years in
To support the general policy direction of outline is part of the transformation program that
the company, the business focus has been has been planned and become the next step
prepared and some of the major initiatives that of which have been implemented in the period
will be used as a reference in the preparation of 2008-2012. Program transformation of the
the work program 2014 are as follows: company in 2013 - 2017 is generally comprised
of three pillars, namely the transformation of
• Business Transformation business transformation, transformation of work
» Optimization of existing core business culture, and infrastructure transformation, with
» Creating new sources of growth (growth the main target in 2017 to become bank BTN
engine) No.7th largest in terms of assets and remain the
» More aggressive growth of funds than market leader in the field of mortgages. To achieve
credit growth by focusing on increasing this vision, in the period 2013-2017 reached
cheap third party funds transformation program with the following
• Transformation of Work Culture details:
» Making the work culture as the driver • Strengthen the position of mortgage
of performance improvement of the » Maintaining the market share of
company mortgages No. 1 in Indonesia with a
» Re-branding assessment as the target market share of > 30 % in 2017
beginning of the process towards world of the market share by 2012, which
class banking amounted to 24.8%, by strengthening
• Infrastructure Transformation (foundational the position of the lower middle segment
transformation) and increase the share of the middle
» Improvement of GCG and its consistent segment above. The strategy will be
application implemented to lower-medium segment
» Improved risk management, compliance, is to maintain the dominance of lower
and internal audit and consistent middle mortgage while increasing the
application. barrier to entry of competing banks to
» Improvement of services lower-medium segment through efficient
» Structuring the business and business business processes, while the secondary
processes is a strategy for differentiation through
» Strengthening human capital through products and services. Mortgage
recruitment, pro hire & outsourcing, products as The main engine of growth of

loan will be directed to continue to grow for housing projects in order to

given the potential future mortgage still ensure the supply of housing are met
wide open shown by the high number of - Strengthen cooperation with
national housing backlog, the high public local governments to ensure the
interest in the use of home purchase availability of land for the construction
mortgage facilities, and increasing of housing projects, housing support
purchasing power, especially with the infrastructure such as roads, water,
increasing middle class population . electricity, lighting, transportation, as
» In line with PBI No.14/26/PBI/2012, well as Initiator land bank
BTN business will remain focused - Strengthening cooperation and
on the housing sector in particular communication with the central
providing people with the strategy of government, especially the Ministry of
maintaining the home loan portfolio with Housing stakeholder such housing,
residential and non- residential portions the Ministry of Finance, BLU PPP
of 85 % : 15 %. The housing loan is » Doing synergy between state-owned
the designation covers all residential enterprises (strategic alliances) both in
construction loans, home purchase, terms of business and development of
build their own homes, home remodelling the infrastructure ( network, IT, etc. ) that
and other uses with a home mortgage. support business growth
» Improving loan quality through the » Develop finance non housing with a
improvement of the overall credit portion of 15% is directed to the portfolio
management, including the collection with margins (high yield), which credits
and management improvement loan the SME segment, especially in the
workout, with uphold the principles consumer and commercial value chain
of prudential banking and corporate housing
governance to the ratio of the average » Increase the contribution of fee-based
loan quality of the industry. income to operating income through
• Creating a new growth engine the products and services are diversified
» Conducting strategic alliances with with a focus on the development of
various parties in the value chain to transaction services, treasury and trade
maximize the potential of housing such finance business, bancassurance and
as : investment products, and investment
- Establish an alliance with State and participation in the subsidiary
Insurance in supporting the mortgage company.
business is managing Advances Help » Inorganic growth to support the bank’s
, Marketing and socializing together, growth strategy through the acquisition
provision of long-term funds , as well of corporate actions banks and / or non-
as the Housing Credit Insurance bank financial institutions to potential
- Strengthen cooperation with partners new markets and potential housing
and providers of housing projects market on the supply chain that has not
that builders developers (developers), been explored fully .
the association of developers, and • Increased funding
contractors to ensure the fulfilments » Strengthening the retail segment by
of the supply of housing increasing funding at low cost funding to
- Establish rapport and communication the low funding ratio (CASA) ratio above
with providers of building materials 50% through the exploration strategy

of existing customers and acquisition infrastructure in supporting IT services in
of new customers regular - prime business activities.
segment, as well as the development » Time to Market & Efficiency: sustainable
and optimization of physical network and development in the aspects of
e –channel applications/systems that support
» While corporate and institutional business products and operational
segment, will continue to be developed efficiency in increasing profit and
through the patterns of placement of reducing costs.
funds with underlying credit cooperation » Data Integrity and Confidentiality:
and maximize institutional fund services providing management information
to improve transactional services in order systems that meet the aspects of data
to have a stable core funding through integrity and security.
the optimization of pattern B to B and » E - Channel: procurement and
strengthening alliances with agencies, development of new digital delivery
local governments, and other SOEs . channels, particularly the aspect of
• Strengthening of Sharia business commerce as one mainstay of the Bank
In the short term, sharia business strategies in increasing productivity of benefits
will be directed at improving sharia business and fee- based income with resource
assets by leveraging that utilizes the optimization and high cost.
parent business network for efficiency and » Leading Edge Technology: adoption of
effectiveness. As for the long term, the new technologies in support of business
opportunies will be reviewed to carry out needs and changes.
a spin-off given the wide potential of the • Improvement of human resources with high
Sharia business in the market. competency
• Transformation of work culture » Qualified recruitment and training
» Implementation of external cultural » Improved sustainable work culture
programs and development of external • Improved operational processes
communications media, namely affiliate To be a competitive bank, improvement
programs and effective socialization/ of the quality of the process can
communication help the bank be healthier and more
» Running advanced culture externalization attractive to consumers
programs and realizing BTN Bank’s » Adopt the latest risk management namely
positive image, namely continuity quantitative risk management, credit
of externalization and formulation scoring and liquidity risk management
innovation program » Having a rapid SLA
• Improved IT systems • Implementation of Good Corporate
The implementation of a reliable information Governance & Compliance
technology system is the main target of The main objective of implementing GCG
BTN Bank in providing banking services at BTN Bank is the creation of business
and solutions according to the needs of ethics carried out by every member of BTN
customers. Bank BTN continues to upgrade Bank in work and behavior based on GCG
the systems used to increase accessibility, principles. To achieve this, there needs to
ensure security and reliability of the system, be strengthening of the implementation of
as well as the availability of information GCG which includes foundation, namely
technology -based services through the Commitment on Governance (commitment)
following initiatives: and three pillars, namely Governance
» Zero Downtime: availability of a structure and infrastructure (structures and
secure and stable network and supporting infrastructure), Governance

mechanism (policy), and Governance billion, which consists of granting Subsidized

outcome (strategy). This will be run through KPR of Rp7,516 billion, Non-Subsidized KPR
the road map for the implementation of GCG of Rp18,493 billion, Other Housing Loans of
in 2013 - 2017 in 3 stages, namely: Rp3,301 billion, Construction Loans /Credit
» Pre-implementation (2013-2014) Yasa Griya of Rp12.371 billion, Consumer
Reinforcement of management commitment, Loans of Rp2,118 billion and Non-housing
build and/or complete GCG structure and Commercial Loans amounting to Rp9,979
infrastructure, build and/or complete GCG soft billion. Loan disbursements grew 18.0%
structure from December 2013 which amounted to
• Focus of implementation (2013-2017) Rp45,582 billion .
GCG Awareness Program, institutionalization • To measure the quality of new lending,
and internalization, monitoring and performance indicators are used, namely
development of software (dashboard), DRBM (Newly Disbursed Delinquent
Assessment Program, externalization Borrowers) that measures the amount
• Implementation cycle (2017) of non-performing loans (Substandard)
Continuous improvement of programs using affecting new loans during 1 year at a
the Plan Do Check Action (PDCA) method maximum of 0.75%.
periodically every end of year
• Implementation of good corporate New Lending Plan in 2014
governance as support for business Loans Real Projection

Granted Sep 13 2013 2014 Growth
transformation, work culture, and
infrastructure. Housing 42,9009 35,028 41,681 19.0%
Subsidized
4,024 6,993 7,516 7.5%
Short Term Plan KPR
In general, the operational work program for Non-
the RBB period 2014-2016 is continuation of Subsidized 11,376 15,408 18,493 20.0%
KPR
the work program of the previous year which
includes funding, credit, development of sharia Other
unit and operations. Housing 1,946 2,594 3,301 27.3%
Loans
In accordance with the main financial indicators Construction

7,563 10,033 12,371 23.3%
Loans
above, efforts are being made to achieve optimum
liquidity, explore long-term funding sources and Non-
Housing 7,896 10,554 12,097 14.6%
increase growth of retail funds by conducting Loans
integrated strategic marketing ranging from
Other
retail fund product development, networking, Consumer 1,573 2,067 2,118 2.4%
and better marketing communication at the level Loan
of implementation. Other
Commercial 6,323 8,487 9,979 17.6%
iLoan as the main supporting system in the Loans
loan application process that aims to make the Total New

32,805 45,582 53,777 18.0%
Loans
loan application process more efficient, effective
and more secured loan quality continues to be • The funding plan in 2014 will continue to be
optimized. contributed by short-term public funds such
• The short term plan for new lending (including as Demand Deposits, Savings and Time
sharia) in 2014 is as much as Rp53,777 Deposits. The growth of third-party funds
in 2014 in total including sharia is projected
to grow 23.38% to Rp121,304 billion from

December 2013. This growth is contributed In this regard the implementation of Risk
from demand deposits growth of 29.90% Management in 2014 is adjusted to prudential
to a total of Rp27,693 billion. The growth principles and good corporate governance
of demand deposits is also contributed by (GCG) with the following steps:
funds from the Housing Finance Liquidity • Keep issuing bonds/MTN/TPP/other whole
Facility (FLPP) which can provide cheap long sale funds and other alternative long-term
term funding source for housing loans to the loans, in addition to increasing the availability
community. In this case, the government of funds as well as to reduce inaccuracies
through the Ministry of Public Housing will of maturities between assets and liabilities
provide subsidies to the community based (liquidity aspect).
on the purchasing power or income of the • Reduce third party funds concentration on
community, rather than on home selling time deposits from institutions/agencies, by
price. Savings grew 22.19% to Rp32,970 performing the following steps:
billion, and Time Deposits grew 18.94 % to » Provide incentives for retail customers,
Rp60,641 billion. especially individuals in order to grow
more optimal.
Fund Raising Plan in 2014 (including Sharia IDRbn) » Increase mobilization of retail funds
Positions of Projection » Increase long-term funding sources in
Real
Third Party
Funds
Sep 13 2013 2014 Growth collaboration with other institutions such
Demand
as Government agencies etc.
17,977 21,319 27,693 29.90%
Deposits » Maintaining optimal secondary reserve
to ensure a certain percentage of liquid
Savings 22,875 26,982 32,970 22.19%
reserves taking into account large
Time Deposits 47,684 50,986 60,641 18.94% exposures to ensure that the Bank
Total Third
88,537 99,287 121,304 22.17% remains safe and liquid while continuing
Party Funds
to comply with the regulations of the
regulators
Shariah Fund Raising Plan in 2014 (Rp Billion) » Developing products and services that
Positions Projection can maximize the deposition of customer
of Revenue Real
Sharing Third Sep 13 2013 2014 Growth
funds, such as Cash Management
Party Funds System for institutional customers and
iB Demand virtual accounts for developers and
150 202 250 23.50%
Deposits borrower customers.
iB Savings 447 532 720 35.29% • Identify and select more stringently in
lending, especially to loan applicants working
iB Time Deposits 5,099 5,695 6,977 22.51%
in industrial sectors that are experiencing a
Total Sharia Third
Party Funds
5,696 6,429 7,947 23.60% decrease in performance and sensitive to
changes in economic conditions.
• Improving credit risk quality control system
In the field of risk management in 2014, it has through active monitoring by management,
been directed to have a risk profile predicate (risk improved loan policies and procedures,
composite) as a whole equal to the previous year, improved credit risk management processes
which means that the management of the bank and internal control system on lending
has a satisfactory track record, independent, activities.
able to adapt to changes in external conditions • Improve the quality of credit management
and has a robust risk control system and able to including collection functions
cope with the problems faced both now and in • Improve the quality of liquidity risk
the future. control system by improving the liquidity
management policy.

Third Party Assessment
In order to carry out a periodic evaluation of the Research results and CGPI rankings are then
implementation of GCG, Bank BTN carries out organized into 3 (three) ranking categories,
the GCG assessment program periodically. In this namely:
case , there are two types of GCG assessments Score Category
performed, namely: self-assessment and third 55.00 – 69.99 Simply Reliable
party assessment.
70.00 – 84.99 Trusted
In 2013, BTN Bank implemented the third party 85.00 – 100 Highly Trusted
assessment, in collaboration with the Indonesian
Institute for Corporate Governance (IICG). After the ranking has been done independently
and objectively in accordance with CGPI using
GCG Assessment by IICG the theme “GCG In the Knowledge Perspective”,
IICG concluded that Bank BTN included in the
The Corporate Governance Perception Index category of “Most Trusted” companies. Bank
(CGPI) which is conducted through four BTN CG application quality score is 85.42 (eighty
assessment phases uses different weights; self five point forty two) of a maximum value of 100
assessment (25%), completeness of documents (one hundred) and as well as managed to retain
(23%), paper and presentation (17%) and the award as “The Most Trusted Company”.
observation (35%). According to IICG , the management of the
company has performed well.

BI Self Assessment
• Implementation of good corporate • Bank BTN implements self-assessment

governance requires an assessment to see in accordance with BI regulations
how far the development of GCG principles which requires the Bank to carry out
has been carried out by Bank BTN. internal self-assessment of the
• The assessment is also useful to ensure implementation of GCG. Bank BTN has
an increase in the quality of GCG assessed GCG internally since 2007 using
implementation on an ongoing basis into the the Self Assessment Method.
business process. • Self-Assessment Results for the period
January to December 2013 are as follows:
Self Assessment of GCG Implementation

RANKING RATING DEFINITION
Reflecting that in general the Management of the Bank has implemented Good
Corporate Governance well. This is reflected from the adequate fulfillment of good
Individual 3 corporate governance principles. If there is a weakness in the implementation of
good corporate governance principles, in general the weakness is quite significant
and require sufficient attention from the management of the Bank.
ANALYSIS
Based on the analysis of all the assessment criteria/indicators above, it can be concluded that:
GOVERNANCE STRUCTURE
• The Positive Factors of the Bank’s Governance Structure Aspects are that Bank BTN has developed its governance
structure in accordance with the regulations of Bank Indonesia and Bapepam-LK/Financial Services Authority (OJK) where
BTN BTN has had Audit Committee, Risk Monitoring Committee, Remuneration and Nomination Committee chaired by
an Independent Commissioner. BTN Bank is constantly working to improve its governance structure to conform to the
provisions of the regulators.
• The Negative Factors of the Bank’s Governance Structure Aspects are the lack of complying with governance structure
during the reporting period (January - December 2013), for example: fulfillment of the number of members of Board of
Directors (given that effectively the number of Directors is only three), the number of independent commissioner has not
complied with the minimum 50% (effective appointment of Mr. Sahala Lumban Gaol is still waiting for fit and proper test
by BI) and the Committee under the Board of Commissioners (Audit Committee) has not been chaired by an Independent
Commissioner given that Mr. Sahala Lumban Gaol’s appointment as Independent Commissioner is not yet effective. Since
January 28, 2014 the audit committee has been chaired by Maulana Ibrahim as independent commissioner.
Identification of Problems & Root Causes
• The composition of the Board of Commissioners has not complied with regulations given that the number of Commissioners
> Number of Directors and the composition of Independent Commissioners has not reached 50% (minimum composition
Independent Commissioners is 50% of the total number of Commissioners)
• The composition of the committee has not complied with the regulation, given that Audit Committee has not chaired by
an Independent Commissioner
• Supervision of the Board of Directors has not run optimally , because the number of Directors that passed the fit and
proper test only totaled three Directors.
Strengths
• Bank BTN has developed and perfected a range of soft corporate governance structure, namely:
» GCG Guidelines
» Code of Conduct
» Board Manual
» Committee Charters (Audit, Risk Monitoring, Remuneration & Nomination)
» Handling Conflict of Interest
» Large Exposures and Provision of Funds to Related Parties (Related Party Transaction)
• Bank BTN has completed the GCG infrastructure among others by filling the Department of Human Resources for
Corporate Governance, Branch Compliance Supervisory Officers and Branch Risk Officers

GOVERNANCE PROCESSES
• The Positive Factors of the Aspects of Governance Processes are that BTN Bank in performing operations always is
always striving to follow good corporate governance principles in every line of business. BTN Bank has established a
Main Task Force Team to resolve various issues associated with aspects of lending and loan restructuring and has also
formed the GCG Action Plan Team to formulate, implement and monitor the implementation of good corporate governance
improvement practices at BTN Bank.
• The Negative Factors of the Aspects of Governance Processes are that there are still some weaknesses that need
to be improved especially in the application of risk management, compliance with relevant SOPs primarily in lending,
loan restructuring and the implementation of internal audit. Coordination between the three pillars (Compliance, Risk
Management and Internal Audit) has not been optimized so that they need to be improved, the need to increase the role
of the Audit Committee, Risk Monitoring Committee and Remuneration and Nomination Committee and finally the need
to increase the active role of Directors and Commissioners in overseeing the Bank’s business to always run the principles
of Good Corporate Governance
Identification Problems & Root Causes

• The implementation of the loan restructuring process is not in accordance with regulations, and information technology
weaknesses in the implementation of loan restructuring
• Coordination between the three pillars of control (Internal Audit, Compliance and Risk Management) is not optimal
• The active role of the Board of Directors and Board of Commissioners has not run optimally
• The Committees under the Board of Commissioners (Audit, Risk Monitoring and Remuneration & Nomination) have not
played an optimal role
• The competence of Committee members need to be further improved
Strengths
• Bank BTN is constantly improving the entire existing business processes, by reviewing all rules periodically especially in
regard to lending and funding
• Bank BTN is constantly improving the quality of its human resources in order to improve the competence of employees by
following various trainings, seminars and workshops domestically and abroad.
GOVERNANCE OUTCOME
• The Positive Factors of the Bank’s Governance Outcome Aspects are Bank BTN adequate profitability and capital and
always implements the prudential principles.
• The Negative Factors of the Bank’s Governance Outcome Aspects are the presence of several audit findings that are
repetitive and have not been followed up to the fullest.
Identification of Problems & Root Causes

• Disclosure of information is required through approvals/ reviews of the Board of Commissioners in advance, given that this
has not been implemented optimally
• Implementation of GCG assessment needs to be further optimized with review together with the three pillars of control and
the Board of Commissioners
• The need to make improvement to loan quality, especially the quality of housing loans, given the relatively high NPL of Bank
BTN among other Banks, especially state-owned banks
Strengths
• Bank BTN always implements the prudential principles so as not to violate CAR, LLL and allowance for impairment losses
• Bank BTN imposes punishment against employees/officials in order to suppress fraud
• The Bank has an adequate performance in terms of yield (profitability), with indicator values of ROA (1.79%), NIM
(5.45%) , net interest income to average total assets (4.71%), overhead expenses to average total assets (3.5%), total
reserves to average total assets (0.29%).
• The Bank has very good capital adequacy and quality in comparison with its risk profile, accompanied by very strong
capital management in line with the characteristics, business scale, and busniness complexity of the Bank. The Bank has
capital adequacy ratio of 15.91%.

GCG Improvement
Blue Print 2014 - 2017
• Reaffirming Commitment of
Management and Employees of
BTN Bank (each period)
• Develop and/or complete GCG
Structure & Infrastructure
• Develop and/or complete GCG
0 1 7
-2
Policies (soft structure)
• Persistence Spirit
0 1 3
2
0 1 4
1 3 -2
2 0
• GCG Awareness Program • GCG Awareness Program

• Institutionalization & • Institutionalization &
Internalisation Internalization
• Monitoring & Development of • Monitoring & Development of
Software (Dashboard) Software (Dashboard)
• Assessment Program • Assessment Program
• Externalization • Externalization
Phase I: Foundation Phase II: Internalization

2017
• Governance Excellence
• Sustainable Monitoring (Action Plan
& Feedback)
• P-D-C-A
Stage 3: Excellence

Bank BTN has formulated the “GCG Financial Services Authority (OJK) and other
Implementation Enhancement Blue Print Period regulatory provisions and best practices.
2014-2017” which is elaborated through road • Develop and/or complete governance
map and strategy divided into 3 (three) phases, structure and infrastructure to be the
as follows : framework of how GCG principles are
divided, executed and controlled which are
Road Map Program realized by means of: (1) Identification of
The road map is intended as milestones for GCG structure and infrastructure owned
use as instruction to several stages in the by Bank BTN and rearranging policies
implementation of the GCG program. Bank BTN that are in line with GCG, (2) Internal
has formulated the GCG Implementation Road Restructuring in the required fields selected
Map, as follows: in accordance with the selected focus on
the GCG implementation framework that
Phases of the Strategy includes activities such as: improvement of
the necessary organization, formation of
Foundation Phase committees, GCG Champion designation,
There are three (3 ) things to be done at the development of IT Based Intelligence
Foundation Phase, namely: Governance (i-Gov) or IT-based Governance,
• Reaffirming Commitment, to implement Risk and Compliance (GRC) Application,
GCG factors in accordance with BI and other necessary activities.
regulations, Ministry of State Enterprises,

• Develop and/or complete GCG Internalization Phase

mechanisms/processes as the rule of the GCG implementation must be supported by a
game, procedures and clear relationships strategy so that it can be done effectively and
between decision-making parties and efficiently. The strategy is outlined into various
the parties that will exercise control over activities, among others: awareness programs,
the decisions. The objectives are among which are proceeded with the process of
others: (1) Completing GCG implementation internalization and institutionalization as well
supporting policies, (2) As guideline in as monitoring and development of IT-based
carrying out activities in accordance with applications (iGov ) and self-assessment of the
the expected culture (corporate culture), implementation of GCG in the field.
(3) Constitute a written commitment of
all employees of the company in order Furthermore, Bank BTN is carrying out
to increase discipline and responsibility assessment by inviting independent parties to
of the corporate organs in maintaining conduct ratings. The results can be used to
stakeholders’ interest in accordance with perform externalization to external parties in
their respective responsibilities. order to communicate the implementation of
GCG and business ethics periodically.

Excellence Phase consistent implementation and internalization
With the existence of the road map and the and the ethical and dignified GCG culture
phases of the strategy above, Bank BTN is has been in place through the internalization
ready to face the business challenges ahead process that must be maintained. To that end,
and pursue the path to world class banking we need the development of an effective and
company. To maintain consistency and continuity efficient monitoring system to be followed by
of the program, at each end of the period has ongoing improvement programs using the Plan,
been performed evaluation and monitoring of Do, Check, Action (PDCA) method periodically
the implementation of all GCG programs to (every end of the year) to provide feedback on
get program implementation feedback for the the improvement at each period. In this phase,
next period. Continuous monitoring has always BTN Bank is expected to be able to realize
been performed for long-term success. The superior governance (excellence)


Annual Reporting
Responsibilities
STATEMENT OF THE BOARD OF COMMISSIONERS CONCERNING

ACCOUNTABILITY FOR ANNUAL REPORT 2013 OF
PT BANK TABUNGAN NEGARA (PERSERO) Tbk.
We the undersigned hereby declare that all information in the Annual Report 2013 of PT Bank
Tabungan Negara (Persero) Tbk. have been fully included and we are fully responsible for the
accuracy of the content of the Company’s Annual Report.
This statement is made in accordance with the actual situation.
Jakarta, 10 February 2014
Sahala Lumban Gaol Dwijanti Tjahjaningsih Agung Kuswandono

Commissioner Commissioner Commissioner
Amanah Abdulkadir Maulana Ibrahim

Independent Commissioner Independent Commissioner

STATEMENT OF THE BOARD OF DIRECTORS CONCERNING
ACCOUNTABILITY FOR ANNUAL REPORT 2013 OF
PT BANK TABUNGAN NEGARA (PERSERO) Tbk.
We the undersigned hereby declare that all information in the Annual Report 2013 of PT Bank
Tabungan Negara (Persero) Tbk. have been fully included and we are fully responsible for the
accuracy of the content of the Company’s Annual Report.
This statement is made in accordance with the actual situation.
Jakarta, 10 February 2014
Board of Directors
Maryono
President Director
Irman Alvian Zahiruddin Mansyur Syamsuri Nasution

Director Director

Chapter 8
Corporate
Data
312 Organization Structure
314 Board of Commissioners’ Profile
318 Board of Directors’ Profile
322 Audit Committees’ Profile
322 Risk Monitoring Committee’s Profile
323 Remuneration and Nomination Committee’s
Profile
324 Sharia Supervisory Board’s Profile
325 Head of Internal Audit’s Profile
325 Corporate Secretary’s Profile
326 Products and Services
330 Branch Officer
Organization Structure
Shareholders
Meeting
Board
Sharia Supervisory of Commissioners
Board
President Director
Maryono
MD Commercial MD Retail Funding & MD Mortgage &

Banking Distribution Consumer Lending
Irman A. Zahiruddin* Irman A. Zahiruddin Irman A. Zahiruddin*
Commercial Funding & Non Subsidized Mortgage

Retail Funding & Services
Services & Consumer Lending
Sulis Usdoko
Marisa Gemiralda Subandi**
Network Development &

Commercial Lending Subsidized Mortgage
Electronic Banking
Ardin M. H. Simanjuntak Banu Pratomo
Toto Priyohartono
Sharia Customer Care Card Business

Yoharsyah S. Adam Sri Purwanto Nefo P. Trianggono
Wealth Management Small & Micro Lending

Dewi Fitrianingrum Oni Febriarto R.
Sharia Branch Offices Regional Offices
Branch Offices Priority Banking Outlet

Corporate Data
· Audit Committee
· Risk Monitoring Committee

· Remuneration and Nomination
Committee
· Risk Management Committee

· Credit Committee
· Product Committee
· Human Capital Committee
· Steering Committee for IT
· Asset Liability Commitee
MD MD Treasury & Asset MD Risk,

Finance & IT Management Compliance & Strategy
Maryono* Maryono* Mansyur S. Nasution
Finance & Accounting Treasury Risk Management Internal Audit

Triani Pudjiastuti Herning Susmayanti Reinhard Harianja Hulmansyah
Information &
Institutional Banking Compliance Corporate Secretary
Communication Technology
Nofry Rony Poetro Sudaryo Bagyo Utomo Viator Simbolon
Dadang Rusnady
Operation & Business

Asset Management Legal Change Management Office
Support
Adi Suharto Atmadja Yossi Istanto** R. Mahelan P.
Budi Wahyuti
Consumer Collection & Procurement & General Strategy & Performance

Human Capital
Remedial Services Management
Rini Pudjiastuti
Joni Prasetiyanto Jauzan S. Barry Sasmaya Tuhuleley
Line of Command
* concurrently
** PJS Head of Division Line of Communication/ Information

Board of Commissioners’
Profile
Mardiasmo
President Commissioner
Age 55, he was assigned as President

Commissioner since 27 March 2013. Currently,
he also serves as Chief of BPKP Office. He
also active as a Professor at Gadjah Mada
University. He was once appointed as President
Commissioner of PT Jasa Raharja, Director
General of Financial Balance in the Ministry of
Finance and as Public Policy Advisor in Ministry
of Finance Office. He participated in several
training such as Local Finance Management
Training in Bonn, Germany (2007); Project
for Strengthening Indonesia’s Framework for
Decentralization in Canberra, Australia (2004);
Local Government Financial Management
Course in North California (2000); and Local
Government Finance Course in Birmingham,
UK (1992). Graduated his education degree
from Gadjah Mada University in 1981 and got
his Master from University of Bridge Port, USA
in 1989 and received his Ph.D in 1999 from
University of Birmingham, UK.

Corporate Data
Sahala Lumban Gaol Dwijanti Tjahjaningsih

Commissioner Commissioner
Age 62, he was appointed as Commissioner of Age 48, she was appointed as Commissioner
Bank BTN since 19 April 2012. He was once of Bank BTN since 29 April 2012. Currently,
appointed various strategic positions such as she also serves as Deputy Line of Business
Deputy Mining Industry Strategic Energy and Strategic Industry and Manufacturing in the
Telecommunications in the Ministry of State- Ministry of State-Owned Enterprises. She was
Owned Enterprises; Deputy Minister of Macro once appointed in several strategic positions
Economic Coordination and Finance in the as Assistant Deputy Restructuring and
Ministry of Coordinating for Economic Affairs; Business Development and Assistant Deputy
Director of State Revenue and the Public Restructuring and Privacy II in the Ministry of
Service in the Ministry of Finance; as a Public State-Owned Enterprises. She participated in
Policy Advisor in the Ministry of State-Owned several training programs such as Modelling
Enterprises; Commissioner of PT PGN (Persero) in Project Finance, Amsterdam Institute of
Tbk, PT Petro Kimia Gresik, PT Garuda Finance, Netherlands in 2005; APEC Effective
Indonesia, and PT Tugu Insurance; as well as Governance for Enterprises Development
President Commissioner of PT Geo Dipa Energi in Indonesia-Phase I, Research Institute for
and PT PPA. He participated in several seminar/ Asia Pacific, University of Sydney, Sydney,
workshops in various fields including Financial, Australia in 2001; Policy Issue on Privatization,
Economic, Fiscal, Technology, Government, ADB Institute Tokyo (1999); and Economic
both local and international such as Aligning Preparation, Economic Institute Boulder
Strategy and Sales, Harvard Business School in Colorado in 1992. Graduated in Economics
Boston USA (2013); and International Housing Degree from Gadjah Mada University,
Finance System, Wharton School, Philadelphia Yogyakarta in 1990 and got her Master of
USA (2013). He graduated his degree from Business Administration (MBA) from University
Bogor Agricultural University in 1997 and got of Miami, Coral Gables, F1, USA in 1994.
his Master of Arts (M.A) in Economics from The
University of Illinois at Urbana – Champaign,
USA in 1988 and continued his study and
received his Doctor Of Philosophy (Ph.D) in
Economic from IOWA State University Ames, IA,
USA in 1994.

Board of Commissioners’ Profile
Agung Kuswandono Amanah Abdulkadir

Commissioner Commissioner (Independent)
Age 47, he was appointed as Commissioner of Age 53, she was appointed as Independent
Bank BTN since 28 December 2012. Currently, Commissioner of Bank BTN since 28 December
he also serves as Director of General of Customs 2012. She has served several strategic positions
and Excise in the Ministry of Finance since 2011. such as Member of the Committee on Information
He was awarded as Anti Corruption Figure by and Risk in Indonesia Deposit Insurance
Tempo Magazine in 2007. Previously, he served Corporation, Consultant Technical Assistance:
in several strategic positions such as Director Social Security Reform and Economic Modelling
of Customs Facilities in The Ministry of Finance, Capacity Building in The Asian Development
Director of Customs Technical in The Ministry of Bank, and as an Independent Commissioner of
Finance and Chief Election Commission BC Type PT Wijaya Karya (Persero) Tbk. She attended
A at Tanjung Priok in The Ministry of Finance. He several training programs such as Certified
participated in several training programs such International Project Management Professional,
as Creating & Leading High Performing Teams Singapore in 2013; Certified Risk Management
Program in The Wharton School Pennsylvania Professional, Institution for Professional Certified
in 2012, Information Workshop on AHTN for of Risk Management Jakarta in 2012; Certified
Trading Community (as Resource Person) in Fraud Examiner, Association of Certified Fraud
2004 and Customs International Executive Examiners, USA in 2011; Certified Internal
Management Program, Australian Customs Auditor (QIA), Qualified Internal Auditor,
Service, Canberra, Australia in 2003. He Board of Certification for Qualified Internal
graduated from Bogor Agricultural University Auditor in 2010 and Induction Program for
in 1990 and received his Magister of Art (M.A) Resident Mission, Asian Development Bank,
in Economics from University of Colorado at Manila, Philippine. She graduated Bachelor of
Boulder, Colorado, USA in 1997. Economics from University of Indonesia in 1986
and then received her Magister of Art (M.A)
in Business Administration from University of
Oregon Eugene, OR, AS in 1990, and continued
until she got a Doctor of Philosophy (Ph.D) in
Economic International from Oklahoma State
University, Still water, OK, USA in 1998.

Corporate Data
Maulana Ibrahim
Age 65, he was appointed as Independent

Commissioner of Bank BTN since 27 March
2013. Currently, he also serves in several
company and institutions such as Member
of Center System (CS); Head of BAMESMES
(Supervising Committee of Sharia Economics
Committee for Mediation); Senior Advisor of
Amrop Indonesia, Head of Business Consultancy
Department – KADIN Jawa Barat; Member of
Centre of Policy Reform (CPR). He has held as
Member of Board of Trustee AAOIFI (Auditing
and Accounting Organization of Islamic Financial
Institution) in Bahrain (2004 – 2006); Alternate
Governor of World Bank (Ex Officio) in 2004 –
2005; Deputy Governor of Bank Indonesia (2002
– January 2007); Head of Regional Office of
Bank Indonesia in Kuala Lumpur (1989 – 1994);
and President Commissioner of PT Permodalan
Nasional Madani, PT Bank Saudara Tbk. and
Medco Agro Group. Experience in banking
industry such as Member of Recapitalization
and Monitoring Program for State-Owned
Enterprises Banks (Bank Mandiri, BNI, BRI and
BTN) by Bank Indonesia, Finance Ministry and
BPPN and actively participated in restructuring
process Bank Mandiri and BTN. He received
his degree from Padjajaran University Bandung
in 1977 and postgraduate in Economic from
Central Missouri State University, USA in 1984.

Board of Directors’
Profile
Maryono Evi Firmansyah

President Director Director
Age 58, he serves as President Director of Bank Age 56, he was appointed as Director of
BTN since 28 December 2012. Having previously Bank BTN in 28 December 2012. Having
worked as President Director of Mutiara Bank previously worked as Vice President Director
since November 2008 up to December 2012. of Bank BTN since December 2007. He is
He has experience in banking sector since 1982 also commenced his duties as Director of PT
in Bank Pembangunan Indonesia until 1999. In Bank Ekspor Indonesia (Persero), Director of
2008, he served as President Commissioner BNI Sekuritas in 2004, Commissioner of PT
of PT Mandiri Manajemen Investasi and PT Bank Bumiputera Tbk in 2003 and Executive
Bank Mandiri (Persero) with the latest position Director of PT Danareksa (Persero) Holding
as Executive Vice President. He received his Company in 2002. He received his Economics
Economics Degree from Diponegoro University Degree from University of Indonesia in 1983. He
in 1981 and got his Magister of Business has attended several national and international
Administration in 1998. His non-formal workshops, such as M & AS and Corporate
educational includes several training programs in Strategy Programme, INSEAD Business School,
local and global such as Negotiation Dynamics Fontainebleau, France in 2012, ASEAN Global
Programme, INSEAD, Fontainenbleau, France in Leadership Programme in 2012, University of
2004 and Senior Executive Programme in Asia, Cambridge, London in 2012 and Annual Group
Michigan Business School, Hongkong in 2004. Conference Banking Technology Summit, Turki
in 2011.

Corporate Data
Saut Pardede Irman Alvian Zahiruddin

Director Director
Age 52, he was appointed as Director of Bank Age 50, he was appointed as Director of
BTN in December 2007. He started his career Bank BTN in December 2007. He assumed
in Bank BTN in 1 May 1987, and has worked the position of Director of Consumer Group
as Head of the Treasury Division since 2001. PT Bank Permata Tbk, Executive Director of
He received his Law Degree from Diponegoro Perbanas (Indonesian Banks Association),
University, Semarang in 1985 and finished Director of GE Capital and PT GE Astra Finance.
his post-graduate degree in Management He started his career at Citibank in 1989. He
Education Institute, ADL, Cambridge, received his Master in Finance & Investment
Massachusetts, USA in 1995. He attended from Golden Gate University, San Francisco,
several training and seminars such as Housing USA, in 1988 and finished his Certified Wealth
Finance Management held by HDFC and Management in Erasmus University-MM UGM
SMF in Lonavla, India in 2007, International Jakarta. He attended several training such as
Housing Finance Programme and Workshop on Course of Study in Housing Finance held by
Securitization at Wharton School, University of Wharton School University of Pennsylvania USA
Pennsylvania, USA in 2010, Risk Management in 2008 and Cambridge Executive Education
Certification Refreshment in Frankfurt in 2012. Programme “Shaping Our Future in The Global
He also participated as a speaker/panelist in the Recovery”, UK in 2010 and Course High Impact
Global Micro Credit Summit, Global Micro Credit Leadership, New York in 2012.
Campaign, in Halifax, Nova Scotia, Canada in
November 2006 and WSBI Congres “Value at
the bottom of the pyramid making small balance
accounts work”, Marocco in 2012.

Board of Directors’ Profile
Mansyur Syamsuri Nasution Poernomo

Director Director
Age 55, he serves as Director of Bank BTN Age 53, he serves as Director of Bank BTN
since 28 December 2012. Previously, he served since 28 December 2012. Previously, he served
as EVP Coordinator-Consumer Finance of Bank as Head of Regional Office at the Regional Office
Mandiri. He has a long experience in banking II since July 2011. He joined with Bank BTN in
sector since he worked at Bank Bumi Daya 1984 and served at several strategic positions
from 1983 up to 1997. From 2005 up to 2008, such as Head of Main Branch in Semarang and
he served at several departments as Group Head of Main Branch in Bandung. He received
Head at Bank Mandiri. He received his Degree his Economics Degree from UNS Surakarta
from Bogor Agricultural University in 1981 and in 1985 and his Magister of Management in
received his Master of Science in Resources Management in 2000 from Airlangga University,
Economics in 1991 from Colorado State Surabaya. He attended several training
University. He also attended several training workshops and non formal education such as
workshops and non formal education such as Workshop on Housing Finance Management in
Aligning Strategy & Sales, Harvard Business Lonavla, India in 2010, and Risk Management
School, Boston USA in 2012, Competitive Certification Level I through Level V.
Strategy Programme, INSEAD Business School,
Fontainebleau, France in 2011 and Creating
Growth Opportunities, Wharton Business
School, Philadelphia, USA in 2010.

Corporate Data
Mas Guntur Dwi S.

Director
Age 55, he was appointed as Director of Bank

BTN in 28 December 2012. Previously served
as Head of Internal Audit Division since August
2011. He began his career in Bank BTN in 1984
and he was once appointed several strategic
positions, such as Head of Sharia Division
since 2010, and Head of Division in 2006 up
to 2010. He received his Economics Degree
from UII Yogyakarta in 1983, and his Magister
of Management in Human Resources in 2003
from Padjadjaran University, Bandung. He
attended several training workshops and non
formal education such as Study on Corporate
Finance Management in Manila in 1992 and
Workshop on Housing Finance Management
in Lonavla, India in 2010 and South Pacific &
Asia Conference in 2012 & Financial Institution
Benchmarking in Sydney, Australia.

Audit Committees’ Profile
Waldy Gutama
Member of Audit Committee
Age 58, served as a member of the Audit Committee since 26 September 2013.
He currently serves as Member of Audit Committee in Woory Bank. Joined with
Bank Indonesia since 1981 and has experience as Supervisor since 1989 and the
latest position as Supervisor in Bank Madya. Graduated from STIA-LAN RI in 1988
and received Magister of Management from STIE-IPWI Jakarta in 2000. He also
participated in several training such as Basel 2 Implementation in Bank Indonesia
& Bank of Thailand in 2010, Regulation & Supervision of Cooperatives Insurance
Companies and Other Non Bank Financial Institution (SEACEN Center), Malaysia
in 1983.
Sondang Gayatri
Age 55, served as a member of the Audit Committee since 26 September 2013.
She was active in BNI since 1982 up to March 2013 with the latest position as
Head of Region. She finished her degree in 1983 and participated in several training
such as Competency test for Risk Management Certification Level IV in 2012, Risk
Management Certification Level 4 as well as 4st International Certification (CWMA
and IBI) in 2011.
Muhammad Syafruddin
Age 52, served as a member of the Audit Committee since 2 August 2010. He is
a Professor and Head of Accounting Department of Economics at the University of
Diponegoro, Semarang, since 2008. Active in conducting research and published
numerous scientific papers in the fields of accounting and management, he is a
member of the National Accreditation Board of Higher Education in the Ministry
of National Education from 2006 until now. Completed his education degree from
the University of Gajah Mada in Yogyakarta in 1987. From the same university,
he earned his MSI degree in 1996 and doctorate in 2004. Following a number of
training programs, including the International Training Workshop for Accreditors and
the Global Initiative for Quality Assurance Capacity in the Philippines in 2009.
Risk Monitoring Committee’s Profile

Sri Widodo
Member of Risk Monitoring Committee
Age 62, he became a member of the Risk Monitoring Committee since 28 August
2013. He has experience in banking sector since 1973 up to 2007 in Bank Indonesia.
Currently he worked part-time in Fountain Education Center, Jakarta. Completed his
post-graduate in 1974 from STIE-AUB “Pignatelli” Surakarta. He also joined the non-
formal educational from Bank Indonesia in The Institute of Management Faculty of
Economics University of Indonesia in Accounting and several courses and training
in Banking such as Course on Financial Information System for Management of
Financial Institutions by APRACA CENTRAB in Malaysia.

Corporate Data
Akhmadi
Member of Risk Monitoring Committee
Age 58, he became a member of the Risk Monitoring Committee since 11

November 2013. Having previously worked as Leader of the Risk Market Group –
Risk Management Division since 1979 up to 2010 in BNI. Prior to joined with BTN,
he worked in Bank Kesawan as Leader of the Risk Management in Head Office.
Graduated in Economics Degree from STIE Indonesia in 1992 and got his MMA from
Bogor Agricultural University in 1996.
Remuneration and Nomination

Committee’s Profile
Shalahuddin Haikal
Member of Remuneration and Nomination Committee
He served as a member of Remuneration and Nomination Committee since 1 June

2013. Currently he also serves as a member of Audit Committee in PT Perusahaan
Gas Negara and lectured full time for Indonesia Capital Market Regulation, Financial
Institution & Capital Market and Business Ethics in University of Indonesia. He holds
a Bachelor of Economics from the University of Indonesia in 1989. Also holds a
Magister of Management from University of Indonesia in 1992 and from Erasmus
Universiteit Rotterdam in 2005.
Rudolf Tulus
Age 35, appointed as member of Remuneration and Nomination Committee since

1 June 2013. Has experience in banking since 2003 up to 2011 in PT Bank Negara
Indonesia and appointed as Vice Managing Director in PT Indonesia Sport Venture in
2012. Completed his education degree from Sebelas Maret University, Solo in 2003
in Management and earned his Master of Management from University of Indonesia
in 2010. During his career, he received several awards such as Most Satisfactory
Employee in 2006 and 2007 and Satisfactory Employee in 2009 and 2010 while in
PT Bank Negara Indonesia.
Rini Pudjiastuti
Age 55, she serves as member of Remuneration and Nomination Committee as

well as Head of Human Capital Division since 2010. She joined with Bank BTN in
1985, she was previously appointed as Head of Human Resources Development
Division in 2008 and was appointed as Head of the Jakarta Harmoni Branch Office
in 2001. She obtained her degree at Trisakti University in 1984, and assisted many
educational and training programs in the field of Human Resources, such as New
Directions in Human Resource Management in Australia, Balance Scorecard, HR
Execution, Aligning & Strategy and Position Evaluation, as well as other trainings
such as Refreshment Program “Enterprise Risk Management (ERM)” and Workshop
for Corporate on Competition Law and Policy – Banking Sector.

Sharia Supervisory Board’s Profile
Ahmad Nazri Adlani
Chairman of Sharia Supervisory Board
Age 75, he serves as Chairman of Bank BTN Sharia Supervisory Board since 15
February 2005. He was active in military with his last position as Brigjen TNI (purn).
Once was Deputy Chairman of MPR RI, and previously a member of MPR RI. He is
now the Chairman of Foreign Relations and Inter Religion Relations in State Ulama
Council (MUI) Headquarter and takes major part in establishing National Sharia
Board, MUI as well as developing Sharia economy in Indonesia. He received his
military education from SUSBINMINU, Defense and Security Department, SUSLAPA
IF VII (Extended Course for Infantry Officers), Bandung and finally from SUSCADOS
BINTAL ABRI (ABRI Psychological Counseling Course for Lecturer Candidates)
Jakarta. He finished his Degree at Faculty of Syariah of Al Azhar University, Cairo,
Egypt, and Faculty of Ushuluddin, IAIN, Syarif Hidayatullah, and also once studied at
Macquary University, Sydney, Australia.
Mohamad Hidayat
Member of Sharia Supervisory Board
Age 46, he was appointed as member of the Sharia Supervisory Board since 15
February 2005. He is an active lecturer at several universities, such as University
of Indonesia, Trisakti University, Sahid University and IAIN Jakarta. He completed
his degree at the Faculty of Sharia of Institut Agama Islam Negeri, Jakarta, and his
received his post-graduate degree from STIH IBLAM majoring in Law, in 2003. He has
attended trainings in Sharia Monitoring, held by DSN-MUI in 2008, Islamic Banking
in Langkawi, Malaysia and Monitoring System held by YPPI and Syariah Banking
held by Bank Muamalat. He also actively participated in several organizations such
as National Sharia Board MUI and Economic Community of Central Board of Sharia.
Muhammad Syakir Sula

Member of Sharia Supervisory Board
Age 49, serves as a Member of the Sharia Supervisory Board of Bank BTN since
19 July 2010. He currently serves as Member of Bank Indonesia Sharia Banking
Committee, Deputy Public Relations Badan Wakaf Indonesia and Sharia Supervisory
Board at Panin Life, CAR, Nasre and Jamkrindo. Previously, he served as CEO
Batasa Tazkia Consulting in 2006, Adviser of the Board of Directors of Bank
Muamalat Adviser and Director of Marketing and Operations of Takaful Insurance.
Graduated from the Faculty of Agriculture, Padjadjaran University in Bandung in
1989, he followed some of the education and training, among other Islamic Banking
Workshop, Training International Islamic Banking & Finance and the Bank Insurance.

Corporate Data
Head of Internal Audit’s Profile

Hulmansyah
Internal Audit Division Head
Age 54, served as Head of Internal Audit Division since 1 March 2013. He joined
with Bank BTN in 1987, he was previously appointed as Head of Sharia Division in
2011 and as Deputy Chairman in Action GCG Team in 2013. He holds a Bachelor
of Economics from Sriwijaya University, Palembang in 1985 and a Master of
Management in Human Resources in 1997 from IPMI Jakarta and Master majoring in
Social and Political in 2002 and Master of Law in 2003 and Doctoral Degree in Social
and Political of Science of Administration from Padjadjaran University, Bandung in
2011. Following a number of training, seminars and non-formal educational as
well as Corporate Governance Review, Bangka in 2013, Internal Auditor for the
Accountability in Yogyakarta and CFE Certification by LPFA in Jakarta in 2013.
Corporate Secretary’s Profile

Viator Simbolon
Corporate Secretary Division Head
Age 53, served as Corporate Secretary since 1 June 2013. He began his career
at Bank BTN since 1986, and served as Head of Bogor Branch Office and Head
of Bandung Branch Office in 2011, and as Regional Office Head in 2012 before as
Head of Corporate Secretary Division. He holds a Bachelor Degree of the Catholic
University of Parahyangan Bandung in 1985. He followed a number of trainings and
seminars such as Refreshment Program “Risk & Control Self Assessment (RCSA)” in
2009 and The 16th Asia Pacific Regional Group Meeting International in Denpasar-
Bali in 2010.

Products and Services
FUNDING PRODUCTS
Tabungan BTN Batara
A safe multipurpose savings product for fund with various benefits that keep on growing.
Tabungan BTN Cermat
Tabungan BTN Payroll

A savings for employees working in companies/institutions who use the services of BTN Payroll for salary payments.
Tabungan BTN Prima

A savings product with premium interest, complete with bonus interest if the customer does not make a withdrawal during
certain period.
Tabungan BTN Junior

A savings product dedicated for students, with no monthly administration fee.
Tabungan BTN Juara

A savings product dedicated for students with age above 12 years.
Tabungan BTN Haji

A savings product for Hajj applicants to prepare their pilgrimage expenses.
Tabungan BTN e-Batara Pos

A savings product in cooperation with PT Pos Indonesia (Persero) through Online Post Office and all Bank BTN outlets.
Tabungan BTN e-Batara Pensiunan
TabunganKu
A Savings for individuals with easy and light requirements, to nurture the culture of saving and to improve the welfare of
the community.
Giro BTN
A current account with high flexibility: withdrawals may be done at anytime by using cheque and bill or any other media.
Giro BTN Valas

Current account with USD currency facility.
Deposito BTN
A very profitable time deposit in Rupiah currency.
Deposito BTN Valas

A very profitable time deposits in US Dollar currency.
SERVICES
ATM BTN
Card service facility that provides many benefits for the customers via ATM, such as money withdrawals, billing payments
and so forth, which may be conducted at all ATMs connected to the Link and ATM Bersama networks.
iMobile BTN
Banking transaction facility accessible through mobile phone, by simply sending an SMS to 3555.
Kartu Debit BTN

Debt card facilities used in all merchants with Visa International network throughout the world.
Kartu Debit BTN Prioritas

Kartu Debit BTN Prioritas Gold
Kartu Debit BTN Prioritas Platinum
Kartu Kredit BTN

Credit card facilities with special features such as discounts, points, balance transfer and promotion of shopping catalogs.
Contact Center BTN

Information facility on the Bank’s products, services and customer accounts by dialing 500286.
BTN Prioritas
Customers with over Rp 250 million total funds in form of Savings, Current Account or Time Deposits at Bank BTN will
receive Priority Debit Card and other priority facilities.

Corporate Data
SERVICES
BTN Shop
A loan for purchasing consumer goods, such as electronics and furniture.
BTN Payroll
A service given to any institution or individual in managing payroll, bonus and incentive payments, and other routine
financial facility needs for Employees.
SPP Online BTN

A service given to universities or schools in providing a delivery channel that can receive the education fees
payment online.
Safe Deposit Box

A safe deposit facility for precious items; safe from fire, criminal and natural disaster risks.
Payment Point
Service for customers to facilitate the payment of routine billings such as phone, mobile, electricity, water and taxes.
Penerimaan Biaya Perjalanan Ibadah Haji

A facility to book the hajj pilgrimage departure schedules online from SISKOHAT.
Western Union
Money transfers thoughout the world.
Money and Billing Payment

Bank BTN’s service for billing to third parties through non-document collection in other places; domestic and international.
Money Changer
Service for those who want to sell or buy any particular currencies, that have exchange notes in Bank Indonesia.
Bank Guarantee
Statements given by the Bank upon the request of any customers to provide a guarantee for any risks that could occur if the
customer cannot carry out his responsibility to the guarantee recipient.
Non-Collateral Bank Guarantee
LOAN PRODUCTS
KPR BTN Sejahtera Tapak
Loan dedicated for low-income communities to buy a landed house.
KPR BTN Sejahtera Susun

Loan for low-income communities to buy a modest simple apartment.
KPR BTN Platinum

Loan to purchase any houses, new or secondary houses, with unlimited loan value.
KPA BTN
Loan to purchase an apartment.
Kredit Ruko BTN

Loan to purchase a shop-house, business house, home office or kiosk.

Loan to fulfill any needs of the debtor, such as home renovations, business capital, studies, or other consumptive needs.
Kredit Isi Ulang BTN

Providing cash to customers, for any necessity and can be withdrawn at anytime (stand-by loan).
PRR-KB BTN Jamsostek (Pinjaman Renovasi Rumah Kerjasama Bank)

Loan dedicated for house renovation in cooperation with PT Jamsostek, which is given to the participants of Jamsostek
program.
PUM-KB BTN (Pinjaman Uang Muka Kerjasama Bank)

Down Payment loan services in cooperation with PT Jamsostek, which is given to the Jamsostek participant.
Kredit Bangun Rumah BTN

Loan for those who want to build a house on their own land.

LOAN PRODUCTS
Kring BTN
Loan dedicated for employees of any company/institution that uses the Bank’s payroll facility, with their salary as collateral.
Kring BTN Pensiunan

Loan dedicated to the retire employee of any company/ institution that uses Bank’s payroll facility.
Kredit Swadana BTN

Loan for customers who needs fresh funds with the guarantee of savings or deposits in Bank BTN.
Kredit Konstruksi BTN

Loan to help developers with their working capital in financing housing development projects.
Kredit Pemilikan Lahan BTN

Loan given to purchase area for RSH housing development that will be sold to the community.
Kredit Investasi BTN

Loan to help finance investments by Limited Liability Companies, Cooperatives, Foundations and individuals.
KMK BTN
Loan to help completing construction lump sum contracts according to the working contract.
KUR BTN
Loan given to debtors in micro, small and medium businesses to increase their productivity.
KUMK BTN
Loan given to micro and small business to increase their access to funding for investments and working capital.
Kredit Perumahan Perusahaan BTN

Loan for companies to provide corporate housing or employee housing in cooperation with Bank BTN.
Kredit Linkage BTN

Loan intermediation by empowering the SME sector.
Pinjaman Lunak Konstruksi Bapertarum BTN

Loan to help developers to finance a development of state employee housing with funds from Bapertarum-PNS.
TBUM/TBM Bapertarum
Additional loan for civil to pay down payment and house construction (TBUM/TBM).
SHARIA FUNDING PRODUCT

Tabungan BTN Batara iB
A savings account based on Wadiah Principle.
Tabungan BTN Payroll iB

A savings for employees working in companies /institutions who use the services of BTN Payroll for salary payments based
on Wadiah Principle.
Tabungan BTN Prima iB

Investment or time-based savings account based on Mudharabah principles.
Tabungan BTN Haji iB

Investment or savings deposits for Hajj prospective pilgrims travel expenses in preparation for Hajj worship.
TabunganKu iB
A Savings for individuals with easy and light requirements, in order to grow the culture of saving and to improve the welfare
of the community based on Wadiah principle
Giro BTN iB
The benefits of high flexibility transactions based on Wadiah principles.
Giro BTN Investa iB

A current account service with Mudharabah principle.
Deposito BTN iB
Profitable time deposit on Mudharabah principles.
Wakaf Uang BTN iB
SPP Online
Layanan Penerimaan Biaya Perjalanan Ibadah Haji (BPIH) Melalui SISKOHAT

Corporate Data
FINANCING PRODUCT
KPR BTN Sejahtera Tapak iB
Financing for purchasing house with subsidized housing facilities.
KPR BTN Sejahtera Susun iB

Financing for purchasing simple apartment with subsidized housing facilities.
KPR BTN Platinum iB

Financing to purchase house.
KPR BTN Indent iB

To finance land and housing purchases from Bank BTN, built by a developer in cooperation with Bank BTN.
Bermotor BTN iB Vehicle Financing

To finance the purchase of car or motorbike for personal purposes.
BTN iB Multiservice Financing

To finance the needs of customers’ services that do not conflict with the Sharia principles, such as educational services,
marriage, health, etc.
BTN iB Multifunction Financing

To finance the consumptive needs of employees or the retire employee of any company /institution that uses Bank’s payroll
facility.
BTN iB Housing Construction Financing

To finance housing construction on self-owned land.
Haji BTN iB Fund Financing

To finance hajj travel costs until receiving the Hajj pilgrimage quota.
Gadai BTN iB Financing

A financing based on Qardh principles by giving a Marhun (warrant) to guarantee the repayment of some or all of the
customer’s debt.
BTN iB Working Capital Financing

To finance the customer’s business working capital.
BTN iB Construction Financing

To finance working capital provided to developer for housing project development.
BTN iB Investment Financing

Financing provided to the customer for investment.
Pembiayaan KUR BTN iB

KUR BTN iB Financing

Branch Office
HEAD OFFICE (HO) & REGIONAL OFFICE (RO)

OFFICE ADDRESS
Menara Bank BTN
Jln. Gajah Mada No. 1 Jakarta Pusat 10130
Telp. (021) 2310490, 6336789, 6332666
Kantor Pusat
Faks. (021) 6346704
http://www. btn.co.id
Email: admin@btn.co.id
Gedung Bank BTN Bekasi Lt. 4

Jln. Jend. Sudirman No. 19 Bekasi 17143
Kantor Wilayah 1
Telp. (021) 8840649
Faks. (021) 8849519
Jln. Raya Darmo No. 123–125 Surabaya – Jawa Timur – 60241

Kantor Wilayah 2 Telp. (031) 5661704 , 5661204
Faks. (031) 5661696
Jln. Sudirman Komplek Sudirman City Square No. A 10 – 11

Pekanbaru – 28115
Kantor Wilayah 3
Telp. (0761) 571126, 571127, 571208, 571350
Faks. (0761) 571190
BRANCH OFFICE (BO)
BRANCH OFFICE ADDRESS
Wisma Budi Lt. 1 & 2

Jln. H.R. Rasuna Said Kav. C6 Jakarta 12940
Telp. (021) 52964652
Jakarta Kuningan
Faks. (021) 52964974
Telex: 60758
Email: kc.jakartakuningan@btn.co.id
Jln. Pemuda No. 50 Surabaya 60271

Telp. (031) 5353513–19
Surabaya Faks. (031) 5345073, 5458002
Telex: 34225
Email: kc.surabaya@btn.co.id
Jln. Pemuda No. 10A Medan 20151

Telp. (061) 4149777
Medan Faks. (061) 4158112, 4153203
Telex: 51758
Email: kc.medan@btn.co.id
Jln. Kajaolalido No. 4 Makassar 90111

Telp. (0411) 316016, 316011
Makassar Faks. (0411) 316388
Telex: 71213
Email: kc.makassar@btn.co.id
Jln. Jend. Sudirman No. 71 Yogyakarta 55223

Telp. (0274) 589898, 581014, 581016
Yogyakarta Faks. (0274) 561289
Telex: 25149
Email: kc.yogyakarta@btn.co.id
Jln. Jawa No. 7 Bandung 40117

Telp. (022) 4232112, 4241036, 4241034
Bandung Faks. (022) 4204562
Telex: 28143
Email: kc.bandung@btn.co.id
Jln. Dewi Sartika No. 2 Denpasar 80114

Telp. (0361) 243811
Denpasar
Faks. (0361) 243815
Email: kc.medan@btn.co.id

Corporate Data
BRANCH OFFICE (BO)
Jln. Jend. Sudirman Km. 4,5 No. 125 Palembang 30128

Telp. (0711) 411175, 410552
Palembang Faks. (0711) 410854
Telex: 27422
Email: kc.palembang@btn.co.id
Jln. H. R. Rasuna Said No. 3 Padang 25129

Telp. (0751) 31903, 32094 – 96
Padang Faks. (0751) 31900, 34938
Telex: 55185
Email: kc.padang@btn.co.id
Jln. R. E. Martadinata No. 4 Banjarmasin 70111

Telp. (0511) 4368133, 4366669 – 70
Banjarmasin Faks. (0511) 4366492, 43363964
Telex: 39180
Email: kc.banjarmasin@btn.co.id
Jln. Wolter Monginsidi No. 56 Manado 95115

Telp. (0431) 868095, 855504 – 05
Manado
Faks. (0431) 868013, 863416
Email: kc.manado@btn.co.id
Jln. Ade Irma Suryani No. 2–4 Malang 65119

Telp. (0341) 323956
Malang Faks. (0341) 323959, 350050
Telex: 31071
Email: kc.malang@btn.co.id
Jln. M.T. Haryono No. 717 Semarang 50242

Telp. (024) 312151, 446166
Semarang Faks. (024) 312186
Telex: 22139
Email: kc.semarang@btn.co.id
Menara Bank BTN

Jln. Gajah Mada No. 1 Jakarta Pusat 10130
Telp. (021) 6336789, 6332666, 2310490
Jakarta Harmoni
Faks. (021) 6386593, 6332676, 6333021
Telex: 45272
Email: kc.jakartaharmoni@btn.co.id
Jln. Pengadilan No. 13–15 Bogor 16121

Telp. (0251) 8311700
Bogor Faks. (0251) 8323007, 8351432
Telex: 48375
Email: kc.bogor@btn.co.id
Jln. Jend. Sudirman No. 19 Bekasi 17143

Telp. (021) 8840649
Bekasi Faks. (021) 8849519
Telex: 48380
Email: kc.bekasi@btn.co.id
Jln. Koti No. 22 Jayapura 99111

Telp. (0967) 537970–71
Jayapura Faks. (0967) 533373
Telex: 76152
Email: kc.jayapura@btn.co.id
Jln. Wolter Monginsidi No. 80–88 Bandar Lampung 35215

Telp. (0721) 489253 – 55, 484778, 483256
Bandar Lampung Faks. (0721) 489252
Telex: 26206
Email: kc.bandarlampung@btn.co.id

BRANCH OFFICE (BO)
Jln. A. Yani , Komplek A. Yani Square Blok. A6–7 Kendari 93117

Telp. (0401) 322101
Kendari
Faks. (0401) 322502
Email: kc.kendari@btn.co.id
Jln. RE. Martadinata No. 01 Samarinda 75127

Telp. (0541) 736930, 731695, 731510
Samarinda Faks. (0541) 737698
Telex: 38289
Email: kc.samarinda@btn.co.id
Jln. Pejanggik No. 99–101 Cakranegara, Mataram 83121

Telp. (0370) 631186, 638289
Mataram Faks. (0370) 634542
Telex: –
Email: kc.mataram@btn.co.id
Jln. Jend. Sudirman No. 87 Kupang 85119

Telp. (0380) 831004
Kupang
Faks. (0380) 833741
Email: kc.kupang@btn.co.id
Jln. Diponegoro No. 75B Ambon

Telp. (0911) 355882, 354471, 348552, 355882
Ambon
Faks. (0911) 348559
Email: kc.ambon@btn.co.id
Jln. Jend. Sudirman No. 2, Palu 94111

Telp. (0451) 424555, 428555
Palu Faks. (0451) 425993
Telex: 75226
Email: kc.palu@btn.co.id
Jln. Ahmad Yani No. 5 Palangkaraya 73111

Telp. (0536) 3223407, 3222698, 3224136
Palangkaraya Faks. (0536) 3221020
Telex: –
Email: kc.palangkaraya@btn.co.id
Jln. Engku Putri No. 1, Kel. Belian , Kec. Nongsa Batam Center
Telp. (0778) 470630, 470625–28
Batam Faks. (0778) 457262, 453923
Telex: 58151
Email: kc.batam@btn.co.id
Jln. Teuku Umar No. 16, Kel. Kemayoran, Kec. Bangkalan 69116
Telp. (031) 3098929 / 3098831/ 3098930
Bangkalan Faks. (031) 3098834
Telex: 31014
Email: kc.bangkalan@btn.co.id
Jln. H. Agus Salim No. 90 Madiun 63129

Telp. (0351) 464650, 451460, 459034, 457927
Madiun Faks. (0351) 463510
Telex: 31144
Email: kc.madiun@btn.co.id
Jln. A. Yani No. 05 Jember 68118

Telp. (0331) 484611, 489292, 489266
Jember Faks. (0331) 484617
Telex: –
Email: kc.jember@btn.co.id
Jln. Slamet Riyadi No. 282 Solo 57141

Telp. (0271) 726930
Solo Faks. (0271) 726931
Telex: 25683
Email: kc.solo@btn.co.id

Corporate Data
BRANCH OFFICE (BO)
Jln. Merdeka No. 7 Pekalongan 51113

Telp. (0285) 433883 – 84, 433484, 433917, 413222
Pekalongan Faks. (0285) 433926 , 413902
Telex: 22831
Email: kc.pekalongan@btn.co.id
Jln. Jend. Sudirman No. 431 Purwokerto 53116

Telp. (0281) 641114
Purwokerto Faks. (0281) 638386
Telex: 25686
Email: kc.purwokerto@btn.co.id
Jln. Sutisna Senjaya No. 101 Tasikmalaya 46112

Telp. (0265) 334464 – 65
Tasikmalaya Faks. (0265) 330884
Telex: 28011
Email: kc.tasikmalaya@btn.co.id
Jln. Siliwangi No. 16 Cirebon 45121

Telp. (0231) 209143, 209153
Cirebon Faks. (0231) 209777
Telex: 28992
Email: kc.cirebon@btn.co.id
Jln. RE. Martadinata No. 1 Purwakarta 41114

Telp. (0264) 201024, 210830 – 31, 206637
Purwakarta Faks. (0264) 201591
Telex: 28866
Email: kc.purwakarta@btn.co.id
Jln. S. Parman No. 32 Bengkulu 38223

Telp. (0736) 20875
Bengkulu
Faks. (0736) 20874
Email: kc.bengkulu@btn.co.id
Jln. H. M. Yusuf Singadikane No. 146 Jambi

Telp. (0741) 61793, 61792
Jambi Faks. (0741) 62665
Telex: 27731
Email: kc.jambi@btn.co.id
Jln. Jend. Sudirman No. 393 Pekanbaru 28116

Telp. (0761) 40494, 40185 – 88
Pekanbaru Faks. (0761) 32271, 44776
Telex: 56316
Email: kc.pekanbaru@btn.co.id
Jln. Imam Bonjol No. 29 Pontianak 78122

Telp. (0561) 740163
Pontianak Faks. (0561) 740168
Telex: 29453
Email: kc.pontianak@btn.co.id
Jln. Perintis Kemerdekaan No. 01 Tangerang 15118

Telp. (021) 5539363
Tangerang Faks. (021) 5537977, 5581186
Telex: 43496
Email: kc. tangerang@btn.co.id
Jln. Dewi Sartika No. 21 Ciputat 15411

Telp. (021) 7445145
Ciputat
Faks. (021) 7490968, 7402731
Email: kc.ciputat@btn.co.id
Jln. Jend. Sudirman No. 141

Telp. (0542) 420333
Balikpapan Faks. (0542) 420896
Telex: 37135
Email: kc.balikpapan@btn.co.id

BRANCH OFFICE (BO)
Jln. Diponegoro No. 22 – 24 Kediri 64121

Telp. (0354) 691260 – 62
Kediri Faks. (0354) 691265
Telex: 31798
Email: kc.kediri@btn.co.id
Jln. Sultan Ageng Tirtayasa No. 49 Cilegon 42414

Telp. (0254) 391766, 392681, 393479
Cilegon Faks. (0254) 393480
Telex: –
Email: kc.cilegon@btn.co.id
Jln. Margonda Raya No. 186 Depok 16423

Telp. (021) 7751236
Depok Faks. (021) 7772927
Telex: –
Email: kc.depok@btn.co.id
Komp. Pertokoan Multi Sarana Plaza Blok C 01 No. 1

Jln. Gubernur Suryo, Gresik 61118
Gresik Telp. (031) 3973455
Faks. (031) 3973456
Email: kc.gresik@btn.co.id
Jln. Ahmad Yani No. 15 – Sidoarjo

Telp. (031) 8957949 s/d 50; (031) 8929211 , 8957949 – 50
Sidoarjo
Faks. (031) 8957951; (031) 8957951
Email: kc.sidoarjo@btn.co.id
Jln. D.I. Panjaitan Km. 9 Komplek Plaza Bintan Center

Blok Bunga No. 9 – 12 Tanjung Pinang
Tanjung Pinang Telp. (0771) 7447101 , 7447088
Faks. (0771) 7447082
Email: kc.tanjungpinang@btn.co.id
Jln. Kertabumi No. 29 A–D, Karawang 41311 Jawa Barat

Telp. (0267) 412282 – 83
Karawang
Faks. (0267) 412247
Email: kc.karawang@btn.co.id
Jln. Prof. HB. Yasin No. 55, Kel Limba U2, Kota Selatan – Gorontalo
Telp. (0435) 830490, 829481
Gorontalo
Faks. (0435) 826707, 823943
Email: kc.gorontalo@btn.co.id
Jln. Perniagaan, Mall Bangka Trade Center B11 – B14 – Pangkal Pinang
Telp. (0717) 423748
Pangkal Pinang
Faks. (0717) 488706
Email: kc.pangkalpinang@btn.co.id
Jln. Teuku Umar No. 163–169 Banda Aceh 23243

Telp. (0651) 41178
Banda Aceh
Faks. (0651) 41215
Email: kc.bandaaceh@btn.co.id
JLN. Zainal Abidin Syah No. 41

Ternate – Maluku Utara
Ternate Telp. 0921 – 3111330
Fax. 0921 – 326968
Email: kc.ternate@btn.co.id
Ruko Madison Blok B1 No. 6–8 Cibubur Time Square

Jln. Raya Alternatif transyogi Km. 3 Cibubur – Bekasi 17435
Cibubur
Telp. 021 – 84300071 – 73
Email: kc.cibubur@btn.co.id

Corporate Data
BRANCH OFFICE (BO)
Jln. Raya Boulevard Barat Blok D No. 23

Kelapa Gading – Jakarta Utara 14240
Kelapa Gading
Telp. 021 – 45866883, 45866884
Square
Fax. 021 – 45866885
Email: kc.kelapagadingsquare@btn.co.id
Jln. Raya Timur Cimahi No. 475 / Jln. Raya Timur Cimahi No. 475 (dahulu)
Cimahi 40524
Cimahi Telp. 022 – 6651644, 6651645
Fax. 022 – 6652586
Email: kc.cimahi@btn.co.id
Komp. BSD, Ruko Sektor VII E Blok K No. 8,

Jln. Raya Serpong, Tangerang 15310
Bumi Serpong Damai Telp. (021) 5372235 – 37
Faks. (021) 5372238
Email: kc.bumiserpongdamai@btn.co.id
Jln. Anggrek No. 01 Kel. Kelapa Dua, Kec. Kebon Jeruk

Kebon Jeruk, Jakarta Barat 11550
Jakarta Kebon Jeruk Telp. (021) 53666345
Faks. (021) 59666344
Email: kc.jakartakebonjeruk@btn.co.id
Patria Park Apartment & Office RK 01–02

Jln. DI Panjaitan Kav. 5–7, JakartaTimur 13340
Jakarta Cawang
Telp. (021) 85918467 – 69
Faks. (021) 85918470
Email: kc.jakartacawang@btn.co.id
Ruko Cikarang Commercial Center B1 No. 3–5

Jln. Raya Cikarang – Cibarusah Km. 40 Cikarang 17550
Cikarang Telp. (021) 8936275 / 89830014
Faks. (021) 8936418
Email: kc.cikarang@btn.co.id
Perumnas Karawaci I , Jln. Cendrawasih No. 1 Tangerang 15115

Karawaci Telp. (021) 5517849 – 50
Faks. (021) 5524367 , 5511420
Email: kc.karawaci@btn.co.id
Komp. Ruko Sentra Niaga Blok SN No. 1 – 3

Jln. Boulevard Hijau, Harapan Indah, Bekasi 17132
Harapan Indah –
Telp. (021) 88386971 (hunting) , 88386972 , 88386974
Bekasi
Faks. (021) 88386974
Email: kc.harapanindahbekasi@btn.co.id
Jln. Bukit Darmo Golf Blok 1 No. 07 Surabaya

Surabaya Bukit Telp. (031) 7323344 , 7322146 , 7322147
Darmo Faks. (031) 7232899
Email: kc.surabayabukitdarmo@btn.co.id
Jln. Raya Cinunuk No. 223 A Kec. Cileunyi, kab. Bandung

kode pos 40624
Bandung Timur
Telp. (022) 7816883
Email: kc.bandungtimur@btn.co.id
Jln. Melawai Raya No. 72 Blok B–4

Kebayoran Baru–Jakarta Selatan 12130
Jakarta Melawai Telp. (021) 7223623 , 7223631
Faks. (021) 7392813
Email: kc.jakartamelawai@btn.co.id

SHARIA BRANCH OFFICE (BO)
SHARIA BRANCH
ADDRESS
OFFICE
Jln. Suryo Pranoto No. 9 B–D, Kel. Petojo Selatan

Kec. Gambir – Jakarta Pusat 10130
Jakarta Harmoni Telp. (021) 3860617 , 3860620 , 3864265
Faks. (021) 3447271; (021) 3857706
Email: kcs.jakartaharmoni@btn.co.id
Jln. Cicendo No. 16 Kel. Babakan Ciamis Bandung

Kec. Sumur Bandung 40117
Bandung
Telp. (022) 4265472 , 4265473 , 4265474
Faks. (022) 4265385
Jln. Diponegoro No. 29 Surabaya 60271

Surabaya Telp. (031) 5666363,5610518
Faks. (031) 5610519
Jln. Faridan M Noto No. 10, Kota Baru

Sleman – Yogyakarta 55283
Yogyakarta
Telp. (0274) 7499742, 7499743
Faks. (0274) 7499741
Jln. Slamet Riyadi No. 7 A

Kel. Bulogading, Kec. Ujung pandang 90111
Makassar
Telp. (0411) 313399, 313499
Faks. (0411) 320785
Jln. Bandung No. 40, Kel. Penanggung, Kec. Klojen Malang

Malang Telp. (0341) 578888
Faks. (0341) 578888
Jln. Brigjen Slamet Riyadi No. 332 Solo 57141

Solo Telp. (0271) 712127, 7008978,7008947
Faks. (0271) 717276
Jln. Sriwijaya Komp. Regency Park Lot 29 Pelita – Batam 29432

Batam Telp. (0778) 421921 , 437880
Faks. (0778) 422126
Jln. Ir. H. Juanda No. 48 Medan

Medan Telp. (061) 4144554
Faks. (061) 4144546
Jln. Serpong Raya, Ruko Villa Melati Mas Blok. SR–1 No. 23–24
Serpong – Tangerang 15320
Tangerang
Telp. (021) 5370773
Faks. (021) 5370744
Jln. Jendral Sudirman No. 01, Kec. Bogor Tengah, Bogor 16121
Bogor Telp. (0251) 8327171, 8327575
Faks. (0251) 8324567
Jln. Jenderal Sudirman , Ruko No. 1 G–H , Kel. Kayu Ringin

Kec. Bekasi Selatan – Kota Bekasi 17114
Bekasi
Telp. (021) 8893333
Faks. (021) 88956655
Jl Tuanku Tambusi Blok A No. 10 – 11, Labuh Baru Timur

Pekanbaru 28291
Pekanbaru
Telp. (0761) 7891314
Faks. (0761) 7891313
Jln. Achmad Yani No. 195 C Semarang 50133

Semarang 50258
Semarang
Telp . (024) 8449918, 8449919
Faks. (024) 8410825

Corporate Data
SHARIA BRANCH OFFICE (BO)
SHARIA BRANCH
ADDRESS
OFFICE
Jln. Jend. A. Yani Km. 5 Komplek Kencana No. 1

Banjarmasin 70249
Banjarmasin
Telp. (0511) 3250530 , 3250540 , 3250560
Faks. (0511) 3260900
Ruko Cirebon City Center Jln. Sisingamangaraja

No. 27 – 28 Cirebon 45121
Cirebon
Telp. (0231) 235485 – 86 – 88
Faks. (0231) 205790
Jln. Veteran No. 325 – 329, Palembang 30114

Palembang Telp. (0711) 355417, 355963
Faks. (0711) 313366
Jln. Letjend Suprato No 18, Balikpapan

Balikpapan Telp. (0542) 424917, 423524
Faks. (0542) 423524
Jln. Jend Ahmad Yani No 1B, Cilegon

Cilegon Telp. (0254)378264,378265
Faks. (0254) 378272
Jln. Ruko Grand Palace Blok G & H, Jln. Raya Ps. Minggu Km 16
Jakarta Pasar Pancoran – Jakarta Selatan
Minggu Telp. (021) 799 3662,799 3015
Faks. (021) 799 3174
Jln. Mesjid Agung No. 14 , Kel. Tawang Sari, Kec. Tawang

Tasikmalaya – Jawa Barat
Tasikmalaya
Telp. (0265) 337383,310612
Faks. (0265) 310613
Jln. Gajah Mada No. 107 , Kel. Pekauman, Kec. Tegal Barat
Kota Tegal – Jawa Tengah 52113
Tegal
Telp. (0283) 342923 ,342933
Faks. (0283) 342913
SUB BRANCH OFFICE (SBO)
JAKARTA PUSAT
Jln. Garuda No. 29 B Kemayoran – Jakarta Pusat

Kemayoran Telp. (021) 4245215
Faks. (021) 42888753
Jln. Pluit Kencana Raya No. 83 Blok B Kav. 7E, Jakarta Utara 14450
Pluit Telp. (021) 97115586
Faks. (021) 66601530
Gedung Nugra Sentana – Lantai Dasar,

Jln. Jend Sudirman Kav 7 – 8 Jakarta 10220
Sudirman
Telp. (021) 5700127–28
Faks.(021) 5700136
Komplek Ruko Roxy Mas Blok D2 No. 2,

Jl KH Hasyim Ashari – Jakarta Pusat 10150
Roxy Mas
Telp. (021) 63858460, 63858641, 63858637
Faks. (021) 6320171
Taman Resor Mediterania

Jln. Pantai Indah Utara II, Blok K No. 8–C Penjaringan, Jakarta Utara
Pantai Indah Kapuk
Telp. (021) 55964491
Faks. (021) 55966281
Jln. Raden Saleh Raya No. 12 B Jakarta Pusat 10430

Cikini Telp. (021) 31923053
Faks. (021) 31923061

Tanah Abang Jln. KH Mas Mansyur No. 86, Tanah Abang, Jakarta 10230
Telp. (021) 3900114
Gedung Kantor Pos Besar Pasar Baru , Jakarta Pusat

Jln. Gedung Kesenian No. 2 , Jakarta Pusat 10130
Klkcp Pasar Baru
Telp. (021) 34832066 –2034
Faks. (021) 34832067
Jln. KH Fachrudin Proyek Tanah Abang Bukit, Blok C No. 41 Jakarta Pusat
Pasar Tanah Abang Telp.
Faks.
Komp Ruko Mega Grosir Cempaka Mas Blok A No 26

Jln. Jend Suprapto Jak–Pus 10640
Cempaka Mas
Telp. (021) 42877134, 42877285
Faks. (021) 42886978
JAKARTA SELATAN
Jln. Tebet Barat Dalam Raya Blok F No : 114 A, Tebet , Jakarta Selatan 12810
Tebet Telp. (021) 8293670, 8297768, 8299086
Faks. (021) 8297776
Jln. Raya Pasar Minggu Km. 18 No. 8 Pejaten, Jakarta Selatan 12510
Pasar Minggu Telp. (021) 7902664, 7902947
Faks. (021) 7902663
Jln. Panglima Polim Raya No. 76 Kebayoran Baru Jakarta Selatan 12160
Panglima Polim Telp. (021) 2702647 – 49
Faks. (021) 2702764
Komplek Ruko Jln. Cilandak KKO No : 12 Cilandak Jakarta Selatan 12560

Cilandak Telp. (021) 78836708,78836810,78836520
Faks. (021) 7823902
Komp Ruko Jln. Sultan Iskandar Muda No : 7 F – Arteri Pondok Indah – Jaksel 12240
Arteri Pondok Indah Telp. (021) 7210024
Faks. (021) 7210023
Komplek Ruko Jln. Mampang Prapatan No 42 Jakarta Selatan

Mampang Telp. (021) 7944868
Faks. (021) 7944868
Jln. RS. Fatmawati No. 12 Cilandak – Jakarta Selatan

Fatmawati Telp. 021 – 7500136
Faks. 021 – 7500137
Jln. Kyai Maja No 45 Kramat Pela, Kebayoran Baru Jakarta Selatan

Mayestik Telp. (021) 7396959
Faks. (021) 7396087
Jln.Kebayoran Lama No : 17 B, Kebayoran Lama, Jakarta Selatan 12220

Kebayoran Lama Telp. (021) 7254813 – 14
Faks. (021) 7207866
Gedung Kantor Pos Besar Fatmawati , Jakarta Selatan

Jln. RS. Fatmawati No : 10 , Cilandak Barat , Jakarta Selatan 12430
Klkcp Fatmawati
Telp. (021) 7500223
Faks. (021) 7500223
Jln. Lenteng Agung Rt 07 Rw 07 Jagakarsa, Jakarta Selatan

Lenteng Agung Telp. (021) 7871047
Faks. (021) 7871047
JAKARTA TIMUR
Jln. Paus No. 90 Blok H Kav. 244 Rawamangun, Jakarta Timur 13220
Rawamangun Telp. (021) 4898856 – 57
Faks. (021) 4753076

Corporate Data
Komplek Ruko Pulo Gadung Trade Center Blok. 8–1, Kav.23

Jln. Bekasi Raya Km.20 – Cakung – Jakarta Timur
Cakung
Telp. 021 – 46800187 – 46800188
Faks. 021 – 4601182
Komplek Ruko Mutiara Faza, Jln. Raya Condet No. 27

Pasar Rebo – Jakarta Timur
Pasar Rebo
Telp. 021 – 87784014
Faks. 021 – 87784016
Jln. Dewi Sartika No. 231 C Jakarta Timur 13640

Dewi Sartika Telp. (021) 8008016, 8007434
Faks. (021) 8007463
Jln. Jatinegara Timur No. 91 Balimester, Jakarta Timur 13350

Jatinegara
Telp. (021) 2801314, 2801380
Faks. (021) 8560520
Jln. I Gusti Ngurah Rai No. 44 D–F Klender, Jakarta Timur 13470
Klender
Telp. (021) 8606658, 8606555, 86604384
Faks. (021) 8611484
Jln. Kalimalang Raya Blok N No. 12 G kel. Duren Sawit – Jakarta Timur
Kalimalang
Telp. (021) 86605233
Faks. (021) 86603728
Komplek Ruko Raden Inten No. 8 N Jln. Raden Inten II, Duren Sawit Jakarta Timur
Duren Sawit Telp. (021) 8604278,8604378
Faks. (021) 8661267
JAKARTA BARAT
Jln. Tampak Siring Raya Blok KJH No. 1 Daan Mogot Baru, Jakarta Barat
Daan Mogot Baru Telp. (021) 54395483, 54395486
Faks. (021) 54395487
Jln. Palmerah Barat No. 39 C Jakarta Pusat 10270

Palmerah Telp. (021) 5364276, 5355820
Faks. (021) 5364277
Jln. Tanjung Duren Raya No. 362 A, Tanjung Duren Jakarta Barat
Tanjung Duren Telp. (021) 5644811
Faks. (021) 5685969
Komp. Ruko Puri Indah Blok I No. 10, Kembangan – Jakarta Barat
Kembangan Telp. (021) 5821973
Faks. (021) 5828991
Komplek Perum Taman Palem Lestari, Blok. D.1 No.15 – Cengkareng, Jakarta Barat
Taman Palm Telp : 021 – 55950463, 55956861
Faks.: 021 – 55956873
Ruko Komplek Budhi Square, Jln. Budi Raya No. 7H

Kemanggisan Palmerah – Jakarta Barat
Kemanggisan
Telp : 021 – 53666273,53652991
Faks.: 021 – 53652993
JAKARTA UTARA
Jln. Raya Kramat Jaya No. 33 Koja, Jakarta Utara

Kramat Jaya Telp. (021) 43903128, 43934430
Faks. (021) 43934430
ITC Mangga Dua Lt. 1 Blok D No. 48 A –B, Jln. Mangga Dua Raya, Jakarta 10630
Itc Mangga Dua
Telp. (021) 62300772 – 73
Faks. (021) 6016563
Jln. Boulevard Blok TA 2 No. 18, Kelapa Gading – Jakarta Utara 14240
Kelapa Gading Telp. (021) 4524419, 4514281
Faks. (021) 4514282

Komp Rukan Puri Mutiara Blok A No. 96,

Jln. Griya Utama – Sunter Agung, Jakut 14350
Sunter
Telp. (021) 65310631 – 32
Faks. (021) 65310630
BANTEN
Jln. Mayor Syafei No. 14 Serang 42112

Serang Telp. (0254) 205403, 211422
Faks. (0254) 211421
Jln. Raya Jakarta – Serang Km. 76, Kragilan Serang

Serang Timur Telp. (0254) 284443
Faks. (0254) 282882
TANGERANG
Jln. KH Hasyim Ashari No. 51, Ruko A–B, Cipondoh, Tangerang 15118
Cipondoh Telp. (021) 55742096, 55742193
Faks. (021) 5540735
Komp. Pertokoan Sentra Blok A3 & A5

Jln. Raya Jend. Gatot Subroto Km. 2, Cimone – Tangerang 15114
Cimone
Telp. (021) 55770677 – 78, 55795855
Faks. (021) 55795853
Komp Ruko Duta Graden Blok A1 No. 4A, Jurumudi Baru, Tangerang
Duta Garden – Daan
Telp. (021) 54370336, 54370337
Mogot
Faks. (021) 5500774
Ruko Bintaro Sektor 3A Blok A No. 11, Bintaro, Jakarta 15225

Bintaro Telp. (021) 7375789
Faks. (021) 7375889
Jln. Dr. Sutomo No. 8 A Ciledug Tangerang 15157

Ciledug Telp. (021) 7311497
Faks. (021) 7311489
Komp. Ruko Pamulang Permai Blok SH 10 No. 6–7 Pamulang, Tangerang 15417
Pamulang Telp. (021) 7414308, 7423065
Faks. (021) 7414307
Komp. Bintaro Trade Center, Blok A1 No. 2 – Pondok Aren, Tangerang

Bintaro Trade Center
Telp. (021) 7452003
(Btc)
Faks. (021) 7453982
Gd. Universitas Terbuka, Jln. Pondok Cabe Raya Pamulang Ciputat

Universitas Terbuka Telp. (021) 7403587, 7492520
Faks. (021) 7498427
Jln. Raya Cirendeu Raya No. 66C Cirendeu, Ciputat Tangerang

Cirendeu Telp. (021) 74708010, 74708003
Faks. (021) 7426268
Perumahan Gading Serpong, Blok. SG 01, Kavling 37 Serpong – Tangerang

Gading Serpong Telp. 021 – 54201247
Faks. 021 – 54201692
Jln. Raya Serang Km 17 Komp Ruko Kav 6, Cikupa Tangerang 15710

Cikupa Telp. (021) 5962424
Faks. (021) 5962451
Ruko Telaga Bumi Asri Blok A1/A2

Jln. Raya Kotabumi – Tangerang 15561
Pasar Kemis
Telp. (021) 5925027 – 28
Faks. (021) 55795289
BEKASI
Ruko Central Cikampek, Jln. A. Yani No. 7, Cikampek – Karawang

Cikampek Telp. (0264) – 8387515 , 16
Faks. (0264) – 313140

Corporate Data
Jln. Raya Narogong Km.11 No.99 Bantar Gebang – Bekasi

Bantar Gebang Telp. 021 – 826 51177 – 826 02727
Faks. 021 – 826 10288
Jln. Jati Mekar No. 184, Bekasi 17422

Jati Asih Telp. (021) 84994806
Faks. (021) 8477988
Jln. Jatiwaringin No. 14, Pondok Gede, Bekasi 17411

Pondok Gede Telp. (021) 84995481
Faks. (021) 84995483
Jln. Narogong Raya No. 53 Cileungsi Bogor 16820

Cileungsi Telp. (021) 8236080 – 81
Faks. (021) 8236082
Jln. Hasanudin Raya No. 76 B–C Tambun, Bekasi Timur 17510

Tambun Telp. (021) 8804128, 8815402
Faks. (021) 8824888
Jl Teuku Umar No. 47, Rt 01/04, Kp Utan, Wanasari, Cibitung – Bekasi 17520
Cibitung Telp. (021) 88321060
Faks. (021) 88338151
Jln. RE. Martadinata, Ruko No. 3 Cikarang Utara

Re. Martadinata Telp. (021) 89109718, 89109652, 89109675
Faks. (021) 89108428
Jln. Raya Cikarang–Cibarusah Pasar Sentral Lippo Cikarang Blok ESA No. 17
Cikarang Selatan
Pasar Central
Telp. (021) 89920626, 89920642, 89920678
Faks. (021) 89920704
Komp. Ruko Duta Plaza Blok B II/14,

Jln. KH. Noer Ali (d/h Jln. Raya Kalimalang), Bekasi 17145
Duta Plaza
Telp. (021) 88950878 – 79
Faks. (021) 8840416
Komp. Danita B.J.I , Jln. H. Agus Salim Blok A1 No. 1, Bekasi Timur 17112
Bekasi Jaya Indah Telp. (021) 8808280, 8815134
Faks. (021) 8808280
Komp. Perum Rawa Lumbu, Jln. Trisatya No. 2 Rawa Lumbu, Bekasi 17116
Rawa Lumbu Telp. (021) 8209407, 8209409
Faks. (021) 8209407
Komp Pondok Hijau Permai, Jln. Pondok Hijau Raya No. 2, Bekasi–Timur 17115
Pondok Hijau Telp. (021) 8202152, 8201842, 8221208
Faks. (021) 8221214
Jln. Pulau Nusantara Raya Kav. 7 , Setia Mekar, Bekasi 17111

Setia Mekar Telp. (021) 8828025 – 26
Faks. (021) 8806949
Jln. Bintara Raya No : 11 D Bintara –Bekasi

Bintara Telp. (021) 8890973
Faks. (021) 88962974
Jln. Pasadena Blok R.3/01–02 Mustika Jaya, Bekasi

Mustika Jaya Telp. (021) 29081175, 29081176
Faks. (021) 29081174
Ruko Perumahan Chandrabaga Blok AR, 01 No. 1

Harapan Indah – Bekasi
Pondok Ungu
Telp. (021) 88875391 , 88880118
Faks. (021) 88875393
Ruko Taman Wisma Asri Blok M No. 7

Teluk Pucung Jln. Raya Perjuangan – Teluk Pucung Bekasi – 17121
Telp. (021) 88875158
Faks. (021) 88875159

Komp. Pertokoan Harapan Baru Blok B 1 No. 3 Bekasi Barat 17133

Harapan Baru Telp. (021) 8840070, 8840289
Faks. (021) 8840289
DEPOK
Komp. Pertokoan
Jln. Proklamasi Blok. A No.2–3 Depok Timur, Depok 16417
Depok II Timur
Telp. (021) 7704143
Faks. (021) 7714780
Jln. Raya Bogor Km. 30 No. 1 – 2, Mekar Sari, Cimanggis 16000

Cimanggis Telp. (021) 8721626
Faks. (021) 8702023
Jln. Raya Sawangan, Komp Ruko Rivaria Blok A 2 No. 1, Depok

Sawangan Telp. (0251) 616743
Faks. (0251) 616743
Komp. Pertokoan Pasar Citayam Kav.32 – Depok

Citayam Telp. 021 – 87986788
Faks. 021 – 87986734
Jln. Nusantara Raya Kav. 20A Depok

Beji Telp. (021) 7762020
Faks. (021) 77218139
Komplek Pertokoan Cinere Blok B 2 No : 53 Jln. Cinere Raya – Depok 16514

Cinere Telp. (021) 7544677 – 7544758
Faks. (021) 7544715
BOGOR
Central Ruko Cibinong Blok. A No. 7–8, Jln. Mayor Okong Jaya Atmaja No. 63
Cibinong – Bogor 16820
Cibinong
Telp. (021) 8758564 – 65
Faks. (021) 8759543
Jln. Raya Pajajaran Ruko No. 165 Warung Jambu, Bogor 16153
Warung Jambu Telp. (0251) 322704
Faks. (0251) 333900
Jl Raya Tajur No. 67 – Bogor

Tajur Telp. (0251) 391240
Faks. (0251) 391241
Jalan Mayor Oking Jayaatmaja No. 3 Citeureup – Bogor

Citeureup Telp. 021 – 87942071
Faks. 021 – 87940239
Komplek Ruko At Taufiq No. A

Dramaga
Jln. Raya Dramaga Km.26 – Bogor
Jln. Kyai Haji Soleh Iskandar

Cimanggu
Ruko 24 No.2G Kodya Bogor
Jln. Pasar Lama No. 10 Bojong Gede – Bogor

Bojong Gede Telp : 021 – 87987608 , 87985905
Faks.: 021 – 87983486
BANDUNG
Jln. Abd. Rachman Saleh no. 69 Bandung 40174

Abd. Rachman Saleh
Telp. (022) 6038551
(Dhl. Taman Sari)
Faks. (022) 6038604
Setrasari Mall B–1 No : 6 , Jln. Prof Ir. Sutami Bandung 40152

Sarijadi Telp. (022) 2016286, 2013160
Faks. (022) 2013160
Jln. Purwakarta No. 142 Bandung 40291

Antapani Telp. (022) 7200720
Faks. (022) 7100382

Corporate Data
Jln. Soekarno Hatta No. 101 B – Bandung 40223

Sumber Sari Telp. (022) 6121131
Faks. (022) 6121128
Jln. Buah Batu No. 194 Bandung 40264

Buah Batu Telp. (022) 7322184, 7304996
Faks. (022) 7322185
Jln. Sukarno Hatta No. 624, Komp. Metro Kav. 9–10, Bandung 40286
Margahayu Raya Telp. (022) 7562653
Faks. (022) 7563476
Komp. Supermarket Kopo Mas Regency Blok 8 Kav. F

Jln. Kopo Sayati, Bandung 40224
Kopo Mas
Telp. (022) 5430317
Faks. (022) 5424707
Jln. Raya Kopo No. 470 Bandung 40223

Kopo Telp. (022) 5414802
Faks. (022) 5401625
Jln. Setiabudi No. 171 D Bandung

Setiabudi Telp. (022) 231449
Faks. (022) 2041783
Gedung Pasca Sarjana UNPAD

Jln. Dipati Ukur No. 35 Bandung 40132
Unpad
Telp. (022) 2533827 – 28
Faks. (022) 7792557
JAWA BARAT
Jln. Rajawali Raya No. G 2 – 3 Cirebon 45141

Rajawali Telp. (0231) 235562
Faks. (0231) 222241
Jln. Siliwangi No. 9, Kuningan 45511

Kuningan Telp. (0232) 876759, 871820
Faks. (0232) 871820
Jln. Jend. Sudirman No. 123 Indramayu 45211

Indramayu Telp. (0234) 274343
Faks. (0234) 274889
Jln. Jend. A. Yani No. 9A–9B Subang

Subang Telp. (0260) 411811
Faks. (0260) 411524
Jln. Ion Martasasmita No. 34 – Pamanukan

Pamanukan Telp. (0260) 550081 , 550082
Faks. (0260) 550083
Jln. Jend. Sudirman No 75 E Sukabumi

Sukabumi Telp. (0266) 223446,235951
Faks. (0266) 223447
Jln. Siti Jenab No. 51 Cianjur 43211

Cianjur
Telp. (0263) 266310
Faks. (0263) 266309
Jln. Raya Cijerah No. 221 Bandung 40534

Cijerah Telp. (022) 6027922
Faks. (022) 6027922
Jln. Raya Ujung Berung No. 111 Bandung 40619

Ujung Berung Telp. (022) 783012, 7832013
Faks. (022) 7800688
Jln. Jend. A. Yani No. 5 Garut 44188

Garut Telp. (0262) 241145
Faks. (0262) 232364

Jln. Dangdeur No. 14, Rancaekek – Bandung

Rancaekek Telp. (022) 7792556
Faks. (022) 7792557
Jln. Raya Jatinangor No. 194, Cikeruh

Jatinangor , Sumedang
Jatinangor
Telp. (022) 7782137
Faks. (022) 7792151
Jln. Mayor Abdurahman No. 50, Sumedang

Sumedang Telp. (0261) 202471 , 202472
Faks. (0261) 202474
JAWA TENGAH
Jln. Ahmad Yani No 3 A, Ruko Metro Square Blok F4–F5 Mertoyudan Magelang
Magelang Telp. (0293) 325745
Faks. (0293) 325840
Jln. Tlogosari II No. 1 Semarang 50196

Tlogosari Telp. (024) 6713015
Faks. (024) 6713014
Jln. Majapahit No. 400 Semarang 50258

Majapahit Telp. (024) 6724942
Faks. (024) 6724942
Jln. MGR. Soegiyopranoto No. 49 Semarang 50141

Karang Ayu Telp. (024) 3585490 & 3585491
Faks. (024) 3582196
Jln. Jati Raya No. 1, Semarang 50268

Banyumanik Telp. (024) 7471745, 7474098
Faks. (024) 7471745
JLN. Prof Sudarto,SH No. 55 Tembalang – Semarang

Undip Tembalang Telp. (024) 76480818
Faks. (024) 76480818
Jln. Ahmad Yani No : 45 Kel. Panjunan, Kec. Kota, Kab. Kudus – Jawa Tengah 59312
Kudus Telp. (0291) 438732
Faks. (0291) 4250112
Jln. Ngaliyan Raya No. 10 – Semarang

Ngaliyan Telp. (024) 8416980
Faks. (024) 8416980
Jln. Diponegoro No 4 Salatiga, Jawa Tengah

Salatiga Telp. (0298) 321048
Faks. (0298) 326305
Komp Ruko Ungaran Square No. 7

Jln. Diponegoro No. 745, Semarang
Ungaran
Telp. (024) 6925851
Faks. (024) 6925853
Jln. Jendral Sudirman No 88 Pati Jawa Tengah

Pati Telp. (0295) 384202
Faks. (0295) 384276
Jln. Pemuda No 33 Kel. Pegulon , Kec. Kendal , Kab. Semarang Jawa Tengah
Kendal Telp. (0294) 3686650 & 3686640
Faks. (0294) 381268
Jln. Pahlawan No. 141 Kebumen

Kebumen Telp. 0287–384244, 384344
Faks. 0287–384490
Jln. Sultan Fatah No. 4B Demak

Demak Telp. 0291–6904004, 6904005
Faks. 0291–6904154

Corporate Data
Jln. Raya Solo–Tawangmangu Ruko No. 14 Palur–Jaten, Karanganyar, Solo 57772

Palur Telp. (0271) 821186
Faks. (0271) 821186
Jln. Malabar Utara No. 11–14 Mojosongo, Jebres Solo 57127

Mojosongo Telp. (0271) 854942
Faks. (0271) 853675
Jln. Pemuda Utara No : 117 Klaten

Klaten
Telp. (0272) 322956
Faks. (0272) 322956
Gedung LPKWU – Kampus UNS, Jln. Ir Sutami 36 A, Solo 57126

Uns Solo Telp. (0271) 667520
Faks. (0271) 667515
Jln. Jendral Sudirman 63, Sukoharjo

Sukoharjo
Telp. (0271) 591112
Jln. Jendral Sudirman No. 8, Solo

Klkcp Solo
Telp. (0271) 645916
Pacific Mall Ruko No. 10,

Jln. Mayjen Sutoyo No. 35 – Tegal
Tegal
Telp. (0283) 323038
Faks. (0283) 357439
Komp. Pertokoan Pasar Gede Blok A–3, Cilacap 53213

Cilacap Telp. (0282) 538080
Faks. (0282) 520880
Ruko A. Yani Blok A–B Jln. Jend. Achmad Yani No. 63 Purbalingga – Jawa Tengah
Purbalingga Telp. (0281) 895646
Faks. (0281) 895657
YOGYAKARTA
Jln. Palagan Tentara Pelajar No. 92 A

Palagan / Dh. Sariharjo, Ngaglik, Sleman, Yogyakarta
Colombo Telp. (0274) 866868
Faks. (0274) 864147
Jln. Bakri No. 1, Ring Road, Condong Catur, Sleman, Yogyakarta 55282
Condong Catur Telp. (0274) 881367
Faks. (0274) 881367
Jln. Godean Km 5 No. 4 A, Sleman Yogyakarta

Nogotirto ( Dhl.
Telp. (0274) 621157
Kadipiro)
Faks. (0274) 627106
Jln. Jend. Sudirman No. 182, Bantul – Yogyakarta

Bantul Telp. (0274) 6462894 , 6462895
Faks. (0274) 367396
JAWA TIMUR
Jln. Raya Mulyosari No. 82–82A Surabaya 60112

Mulyosari Telp. (031) 5931763
Faks. (031) 5932012
Jln. Majapahit No. 130 – 134 Blok1–2, Mojokerto 61323

Mojokerto Telp. (0321) 323850, 323853
Faks. (0321) 323853
Jln. Palem TC 14 Sidoarjo 61214

Rungkut Telp. (031) 8667237
Faks. (031) 8673954
Jln. Ahmad Yani No. 17, Surabaya 60243

Iain Sunan Ampel Telp. (031) 8475452
Faks. (031) 8475453

Jln. Airlangga No. 4 Surabaya 60286

Unair Telp. (031) 5038554
Faks. (031) 5038554
Jln. Raya Jemursari No. 76 Blok B–7, Surabaya

Jemursari Telp. (031) 8415754
Faks. (031) 8431902
Jln. Bubutan No. 9 E, Surabaya

Bubutan Telp. (031) 5340576
Faks. (031) 5340848
Jln. KH. Wachid Hasyim No. 19 F Jombang

Jombang Telp. (0321) 871117–9
Faks. (0321) 854258
Jln. Trunojoyo No. 140 Sumenep

Sumenep
Telp. (0328) 662777, 663219
Faks. (0328) 662164
Jln. Soekarno Hatta No. 299 Ponorogo

Ponorogo Telp. (0352) 463675, 463676,463679
Faks. (0352) 463370
Jln. Jend. Sudirman No. 01 Banyuwangi

Banyuwangi Telp. (0333) 414490 dan 415690
Faks. (0333) 415676
Komplek Pertokoan Panglima Sudirman Trade Center Blok A–5

Jln. Hasanudin Tulungagung
Tulungagung
Telp. (0355) 329509
Faks. (0355) 323142
Jln. Merdeka No. 90 Blitar – Jawa Timur

Blitar Telp. (0342) 808640 , 808641
Faks. (0342) 801303
Jln. Sunan Kalijaga No. 20 A TUBAN – 62314

Tuban Telp. 0356 – 321984
Faks. 0356 – 334152
Komplek Pertokoan KAI Kav. 13–15, Jln. Gajah Mada Bojonegoro

Bojonegoro Telp. (0353) 893171
Faks. (0353) 893162
Ruko Krianindo Blok FF

Jln. Basuki Rachmat No. 428 Krian – Sidoarjo
Krian
Telp. (031) 8986202 – 204
Faks. (031) 8986201
Jln. Manukan Lor No. 3 Surabaya 60185

Tandes Telp. (031) 7405594
Faks. (031) 7404494
Jln. Mayjen. Sungkono Darmo Park 1 Blok 3A / 12 Surabaya 60225

Mayjen. Sungkono Telp. (031) 5687211 , 5662867
Faks. (031) 5686211
Jln. Menganti No. 11 Kav. 4, Babatan Wiyung, Surabaya

Babatan Wiyung Telp. (031) 7523572
Faks. (031) 7523572
Ruko Satelite Town Square Blok A–5 No. 22

Jln. Raya Suko Manunggal Surabaya
Satelite Town Square
Telp. (031) 7320761–3
Faks. (031) 7320760
Universitas Brawijaya Gd. IKA Jln. Veteran No : 16 A

Unibraw Telp. (0341)–583989
Faks. (0341)–583989

Corporate Data
Universitas Islam Negeri – Malang

Jln. Gajayana No. 50, Malang 65144
Uin Malang
Telp. (0341) 557566, 67
Faks. (0341) 557565
Perum Perumnas Sawojajar

Jln. Danau Toba No. 01 Malang 65139
Sawojajar
Telp. (0341) 711511
Faks. (0341) 716675
Jln. Jaksa Agung Suprapto No. 54

Jaksa Agung
Telp. (0341) 336232
Suprapto
Faks. (0341) 336231
Jln. Panglima Sudirman No. 14 A PASURUAN – 67115

Pasuruan Telp. 0343 – 411922, 411933, 411955
Faks. 0343 – 411717
Jln. Sukarno Hatta No. 249 Ruko Blok D–E, Kelurahan Curahgrinting
Kec. Kanigaran, Probolinggo
Probolinggo
Telp. (0335) 434377
Faks. (0335) 434388
ACEH
Jln. Merdeka No. 2 Lhokseumawe 24351

Lhokseumawe Telp. (0645) 40305
Faks. (0645) 40745
SUMATERA UTARA
Jln. Sutomo No. 14 Komp. SBC – Pematang Siantar 21132

Pematang Siantar Telp. (0622) 23116
Faks. (0622) 23116
Jln. Pusat Pasar No. 357 / 3A Medan 20212

Pusat Pasar Telp. (061) 320945, 325257
Faks. (061) 325193
Jln. Jend Sudirman No. 242 A, Tebing Tinggi – Sumatera Utara

Tebing Tinggi Telp. (0621) 326888
Faks. (0621) 328271
Jln. H.M Yamin, SH No. 398 A / 564 Medan 20111

M. Yamin Telp. (061) 4156739
Faks. (061) 4157601
Jln. Mawar Raya No. 143 A, Perumnas Helvetia, Medan 20124

Helvetia Telp. (061) 8460800
Faks. (061) 8460777
Jln. Karet Raya Blok C No. 59–61, Perumnas Simalingkar, Medan 20141
Simalingkar Telp. (061) 8360004
Faks. (061) 8360020
Jln. Iskandar Muda No : 39 F Medan Baru, Medan 20154

Iskandar Muda Telp. (061) 4149905
Faks. (061) 4513260
Komp. Pertokoan Setiabudi Bisnis Center, Jln. Setiabudi No.244 Medan 20132
Setiabudi Telp. 061 – 8221443
Faks. 061 – 8221469
Jln. Jendral Besar A.H. Nasution No. A 9, Kel. Pangkalan Mansyur, Kec. Medan–Johor
Johor Telp. 061 – 78800797 , 7880968 , 7852633
Faks. 061 – 7852780
Jln. M. Sutoyo No. 49, Kel. Pasar Baru, Kec. Sibolga Kota, Sibolga – Sumatera Utara
Sibolga Telp. 0631 – 26859 dan 26860
Faks. 061 – 7880968

SUMATERA BARAT
Jln. Dr. Sutomo No. 37 B Padang 25123

Dr. Sutomo Telp. (0751) 24772
Faks. (0751) 32915
Jln. S. Parman No. 31 F, Padang

Ulak Karang (Minang (Jln. Dr. Hamka No. 2A Kav. 1–4 Padang 25131/ lama)
Plaza) Telp. (0751) 51134
Faks. (0751) 41006
Jln. M. Yamin No. 130 Pasar Raya – Padang

Pasar Raya Padang Telp. (0751) 30717
Faks. (0751) 30716
Jln. Achmad Karim No : 1 Bukti Tinggi, Sumatera Barat

Bukit Tinggi Telp. (0752) 628357 – 58
Faks. (0752) 625830
BATAM
Ruko Muka Kuning Indah II, Blok E.2 No. 10 Batam

Batuaji Telp. (0778) 361581
Faks. (0778) 361580
Jln. Sriwijaya Komplek Regency Park Lot, 29 Batam 29432

Batam Center Telp. (0778) 467753, 467754
Faks. (0778) 467762
Komp. PT. Penuin Blok. F No.12 Lubuk Baja – Batam

Penuin Telp. 0778 – 422036
Faks. 0778 – 421990
Komplek Pertokoan Cipta Blok DD No. 1

Jln. Gajah Mada Tiban Selatan, Batam
Sekupang
Telp. : 0778 – 322430; 0778 – 322440
Faks. : 0778–322454
Ruko Fanindo Blok D No. 9–10 Tanjung Uncang Batam

Tanjung Uncang Telp. 0778 – 3581274, 3581280
Faks. 0778 – 3581194
Jln. Achmad Yani Sungai Kolong No. 8 Kel. Sungai Lakam, Kab. Tanjung Balai Karimun
Tanjung Balai
Telp. 0777 – 23051, 23053
Karimun
Faks. 0777 – 23052
RIAU
Jl Hangn Tuah No. 08 Bengkalis – Riau

Duri Telp. (0765) 598517, 598519
Faks. (0765) 598518
Jln. Kaharuddin Nasution No. 297 A, Simpang Tiga Pekanbaru

Marpoyan Telp. (0761) 673728
Faks. (0761) 673680
Jln. Sekolah No. 09 A Limbungan – Rumbai, Pekanbaru 28261

Rumbai Telp. (0761) 556115
Faks. (0761) 52468
Komplek Pertokoan, Jln. H. Raden Soebrantas No. 88 Pekanbaru

Panam Telp. (0761) 562121
Faks. (0761) 562111
Jln. Sukajadi No. 63, Dumai – 28812

Dumai Telp. (0765) 440545
Faks. (0765) 440543
JAMBI
Jln. Sumatera No. 1, Kota Baru, Jambi 36137

Jelutung Telp. (0741) 41403
Faks. (0741) 44351

Corporate Data
Jln. Lintas Sumatera No. 8 – 9, Kel. Batang Bungo, Muara Bungo – Jambi
Muara Bungo Telp. (0747) 322577 & 322667
Faks. (0747) 323177
SUMATERA SELATAN
Komp. Terminal Multi Wahana

Ruko No. 2 Sako Kenten, Palembang 30163
Sako Kenten
Telp. (0711) 810746
Faks. (0711) 810746
Komp. Ilir Barat Permai Blok D. I No. 60

Jln. Letkol Iskandar, Palembang 30124
Ilir Barat
Telp. (0711) 321714
Faks. (0711) 321714
Jln. Yos Sudarso No.159 Lubuk Linggau

Lubuklinggau Telp. (0733) 325955
Faks. (0733) 320047
Jln. Jend. Sudirman No. 79 A Muara Enim

Muara Enim Telp. (0733)
Faks. (0733)
LAMPUNG
Jln. Kj. Maja Blok D No. 19 Way Halim, Bandar Lampung 35141
Way Halim Telp. (0721) 788532, 703466
Faks. (0721) 705481
Jln. Proklamator No. 29, Bandar Jaya Lampung Tengah 34162

Bandar Jaya Telp. (0725) 528908, 528909
Faks. (0725) 528907
BALI
Jln. Gatot Subroto No. 146 Blok 8 Denpasar 80119

Gatot Subroto Telp. (0361) 412157
Faks. (0361) 412401
Jln. Surapati No. 13 Denpasar 80232

Surapati Telp. (0361) 234840
Faks. (0361) 263474
Jln. Kali Anget No. 12, Kuta Denpasar 80361

Kuta Telp. (0361) 758067
Faks. (0361) 758066
Jln. A. Yani No. 94 C Kab. Buleleng – Bali

Singaraja Telp. (0362) 21856
Faks. (0362) 21856
MATARAM
Jln. Airlangga No. 1B, Mataram

Airlangga Telp. (0370) 649023
Faks. (0370) 649023
KALIMANTAN TIMUR
Komp. Mall Lembuswana, Blok. C.11

Mall Lembuswana Jln. S.Parman,Samarinda
Telp. (0541) 206605
Faks. (0541) 732611
Jln. Brigjen Katamso No. 8 Bontang , Kaltim – 75313

Bontang Telp. 0548 – 20667
Faks. 0548 – 20668
Jln. Yos Sudarso No. 6 Tarakan 77113 Kalimantan Timur

Tarakan Telp. 0561 – 24322
Faks. 0561 – 24144

Jln. Jend. A. Yani No. 16, Karang Jati, Balikpapan 76123

Batu Ampar
Telp. (0542) 426562, 420440
Faks. (0542) 426562
KALIMANTAN TENGAH
Jln. MT. Haryono No. 60 D Sampit 75328

Sampit Telp. (0531) 32511, 32512
Faks. (0531) 32522
KALIMANTAN BARAT
Jln. Kom. Yos Sudarso No. 10, Jeruju – Pontianak 78113

Jeruju
Telp. (0561) 770567
Faks. (0561) 770567
KALIMANTAN SELATAN
Jln. Brigjen. H. Hasan Basri C1 Kel. Pangeran Banjarmasin 70124

Kayutangi
Telp. (0511) 307528
Faks. (0511) 307529
Banjarbaru Jln. Ahmad Yani Km 34,800 Rt 01 Rw 01 Banjarbaru Kota, Banjarmasin 70711

Telp. (0511) 774116, 774171
Faks. (0511) 774116
Jln. Kampung Baru No. 12 Batu Licin

Batulicin Telp. (0518) 71094
Faks. (0518) 70271
Jln. Ir. Pangeran H. Muhammad Noor No, 1–2, Ds. Pembatasan

Tanjung
Kec. Murung Kuda , Kab. Tabalong – Kalimantan Selatan
Telp. (0526) 2027693
Faks. (0526) 2027694
SULAWESI
Jln. Mangga – Pasar Sentral Palopo, Palopo 91922

Palopo
Telp. (0471) 24623
Faks. (0471) 325750
Jln. Hertasning Blok I No. 2 Makassar 90222

Panakukang
Telp. (0411) 868831, 868833
Faks. (0411) 868833
Jln. Adi Makkasau No 115–117 Pare–Pare

Pare Pare Telp. (0421) 27707 – 21132
Faks. (0421) 27722
Jln. Sultan Alauddin No. No.206 C, Makassar 90221

Sultan Alauddin Telp. 0411 – 882474
Faks. 0411 – 882475

Corporate Data
Jln. Antang Raya No. 4, Makassar 90235

Antang
Telp. (0411) 495088
Faks. (0411) 492976
Komplek Bumi Tamalanrea Permai

Tamalanrea Jln. Tamalanrea Raya No. 28 –30 Makassar 90245
Telp. (0411) 4773741
Faks. (0411) 584307
Komp Ruko Anjali No. 9–10, Jln. Jend Sudirman – Maros, Sulawesi Selatan 90511
Maros Telp. (0411) 373262,373678
Faks. (0411) 373263
Komp. RSUP Dr. Wahidin

Rsup. Wahidin Jln. Perintis Kemerdekaan Km. 10 Makassar 90246
Telp. (0411) 315388
Faks. (0411) 315388
Jln. Andi Mallombassang No. 71, Sungguminasa, Kabupaten Gowa

Sungguminasa
Telp. (0411) 869962
Faks. (0411) 869963
Jln. Ahmad Yani No. 27, Watampone

Watampone Telp. 0481 – 24444
Faks. 0481 – 26123
Jln. KS. Tubun No. 27 Mamuju

Mamuju Telp. (0426) 2703361, 62, 63
Faks. (0426) 21420
Jln. Dr. Sam Ratulangi Ruko No. 10 Bulukumba

Bulukumba Telp. 0413 – 81700, 81707
Faks. 0413 – 81899
Bitung Jln. Sam Ratulangi No. 3 Bitung, Pekadodan, Bitung

Telp. (0438) 35545–46
Faks. (0438) 36546
PAPUA BARAT
Jln. Raya Sentani No. 54 Wamena, Jayapura 99358

Wamena
Telp. (0967) 571557
Faks. (0967) 571282
Jln. Pahlawan No. 3B Kec. Manokwari Barat, Kab. Manokwari – Papua Barat
Manokwari
Telp. (0986) 214251 , 214261
Faks. (0986) 214267
Jln. Pramuka No. 4 Kec. Sorong Barat , Kodya. Sorong – Papua Barat
Sorong
Telp. (0951) 321333 , 327444
Faks. (0951) 327555

Corporate Data
Chapter 9
Financial
Statements
Page Table of Contents Page Table of Contents
278 Board of Directors’ Statement 413 22 Interest Payable
279 Independent Auditors’ Report Estimated Losses on Commitments and

414 23
Contingencies
280 Statements of Financial Position 415 24 Other Liabilities
285 Statements Comprehensive of Income 415 25 Equity
287 Statements of Changes In Equity Management and Employee Stock Option
420 26
Plan (MESOP)
288 Statements of Cash Flows
424 27 Interest Income
291 Notes To The Financial Statements
424 28 Interest Expense
291 1 General
424 29 Other Operating Income - Others
Summary of Significant Accounting
300 2 Provision For (Reversal of) Impairment
Policies
425 30 Losses on Financial and Non-Financial
Significant Accounting Judgments and Assets
348 3
Estimates
425 31 General and Administrative Expenses
353 4 Cash
426 32 Salaries and Employee Benefits
353 5 Current Accounts with Bank Indonesia
426 33 Other Operating Expenses - Others
355 6 Current Accounts with other Banks
Placements with Bank Indonesia and 426 34 Non-Operating Income (Expenses) - Net
357 7
other Banks
427 35 Taxation
359 8 Securities
429 36 Commitments and Contingencies
364 9 Government Bonds
430 37 Employee Benefits
368 10 Loans and Sharia Financing/Receivables
438 38 Segment Reporting
391 11 Premises and Equipment
Government Guarantees on The
439 39
393 12 Interests Receivable Obligations of Commercial Banks
439 40 Transactions with Related Parties
394 13 Other Assets
Assets and Liabilities Denominated in
444 41
395 14 Current Liabilities Foreign Currencies
Minimum Required Capital Adequacy
395 15 Demand Deposits 445 42
Ratio (Car)
396 16 Savings Deposits 448 43 Risk Management
397 17 Time Deposits Fair Value of Financial Assets and

477 44
Liabilities
398 18 Deposits from other Banks 481 45 Earnings Per Share
Securities Sold Under Repurchase Revised and Issued Statements of
399 19 482 46
Agreements Financial Accounting Standards
400 20 Securities Issued 482 47 Additional Information
407 21 Fund Borrowings 483 48 Completion of The Financial Statements

PT Bank Tabungan Negara (Persero) Tbk
Laporan keuangan beserta laporan auditor independen

Tahun yang berakhir pada tanggal-tanggal
31 Desember 2013, 2012 dan 2011/

The original financial statements included herein are in the
Indonesian language.
PT BANK TABUNGAN NEGARA (PERSERO) TBK PT BANK TABUNGAN NEGARA (PERSERO) TBK
LAPORAN POSISI KEUANGAN STATEMENTS OF
31 Desember 2013, 2012 dan 2011 FINANCIAL POSITION
(Disajikan dalam jutaan rupiah, December 31, 2013, 2012 and 2011
kecuali dinyatakan lain) (Expressed in millions of rupiah,
unless otherwise stated)
Catatan/
Notes 2013 2012 2011
ASET ASSETS
KAS 2a,4 924.451 694.941 512.399 CASH
CURRENT ACCOUNTS
GIRO PADA BANK INDONESIA 2f,5 9.858.758 7.297.835 5.261.418 WITH BANK INDONESIA
CURRENT ACCOUNTS
GIRO PADA BANK LAIN WITH OTHER BANKS
Pihak ketiga 2c,2d,2e 345.951 152.826 202.489 Third parties
Pihak-pihak berelasi 2f,6,40 56.572 10.917 8.085 Related parties
402.523 163.743 210.574

Cadangan kerugian Allowance for
penurunan nilai (2.308) (1.750) (2.322) impairment losses
400.215 161.993 208.252

PLACEMENTS WITH
PENEMPATAN PADA BANK 2c,2d,2e BANK INDONESIA AND
INDONESIA DAN BANK LAIN 2g,7,40 OTHER BANKS
Pihak ketiga 4.834.318 11.267.346 9.630.615 Third parties
Pihak-pihak berelasi 5.000 205.000 150.000 Related parties
4.839.318 11.472.346 9.780.615

penurunan nilai (50) (6.050) (3.051) impairment losses
4.839.268 11.466.296 9.777.564
EFEK-EFEK - setelah ditambah

Premium yang belum diamortisasi
masing-masing sebesar SECURITIES - Net of unamortized
Rp19 dan Rp40 pada tanggal premium of Rp19 and Rp40
31 Desember 2013 dan 2012, as of December 31,2013
dan dikurang bunga dan and 2012, respectively
diskonto sebesar and unamortized discount
Rp1.023 pada tanggal 2c,2d, net of Rp1,023 as of
31 Desember 2011 2e,2h,8,40 December 31, 2011
Pihak ketiga Third parties
- Nilai wajar melalui laporan Fair value through -
laba rugi 2.086.973 429.261 208.110 profit or loss
- Tersedia untuk dijual 1.846.575 253.279 4.916 Available-for-sale -
- Dimiliki hingga jatuh tempo 191.213 231.616 419.891 Held-to-maturity -
Pihak-pihak berelasi Related parties

- Nilai wajar melalui laporan Fair value through -
laba rugi 9.660 - - profit or loss
- Tersedia untuk dijual - 2.369 - Available-for-sale -
- Dimiliki hingga jatuh tempo 76.019 106.040 106.050 Held-to-maturity -
Jumlah efek-efek 4.210.440 1.022.565 738.967 Total securities

4.201.682 1.013.796 733.953
Catatan atas laporan keuangan terlampir merupakan bagian The accompanying notes to the financial statements form an
yang tidak terpisahkan dari laporan keuangan secara integral part of these financial statements
keseluruhan. taken as a whole.

LAPORAN POSISI KEUANGAN (lanjutan) STATEMENTS OF
31 Desember 2013, 2012 dan 2011 FINANCIAL POSITION (continued)
Catatan/
Notes 2013 2012 2011
OBLIGASI PEMERINTAH GOVERNMENT BONDS

setelah dikurangi
diskonto - neto yang belum
diamortisasi masing-masing
sebesar Rp6.209 dan Rp3.455, Net of unamortized discount
pada tanggal 31 Desember - net of Rp6,209 and Rp3,455
2013 dan 2011 dan as of December 31, 2013
setelah ditambah premium - and 2011, respectively and
neto belum diamortisasi after adding unamortized
- sebesar Rp94 pada tanggal 2c,2d, premium - net of Rp94
31 Desember 2012 2e,2h,9, 40 as of December 31, 2012
Nilai wajar melalui laporan laba rugi 696.747 45.748 - Fair value through profit and loss
Tersedia untuk dijual 5.990.887 5.772.688 5.685.269 Available-for-sale
Dimiliki hingga jatuh tempo 1.697.326 1.650.494 1.421.545 Held-to-maturity
8.384.960 7.468.930 7.106.814
KREDIT YANG DIBERIKAN 2c,2d,2e,2j,

DAN PEMBIAYAAN/ 2k,10,15, LOANS AND SHARIA
PIUTANG SYARIAH 16,17,21,40 FINANCING/RECEIVABLES
Kredit yang diberikan Loans
Pihak - pihak berelasi 295.860 132.865 538.371 Related parties
Total kredit yang diberikan 92.386.308 75.410.705 59.337.756 Total loans

penurunan nilai (1.007.461) (788.913) (804.587) impairment losses
91.378.847 74.621.792 58.533.169

Pembiayaan/piutang syariah Sharia financing/receivables
Pihak – pihak berelasi 1.055 1.470 1.051 Related parties
Total pembiayaan/piutang Total sharia

syariah 8.081.083 6.000.058 4.225.928 financing/receivables
7.951.367 5.808.257 4.086.417
99.330.214 80.430.049 62.619.586

ASET PAJAK TANGGUHAN DEFERRED TAX ASSETS
- Neto 2ab,35 - - 58.188 - Net
ASET TETAP 2l,2m,11,31 PREMISES AND EQUIPMENT

Nilai perolehan 2.833.751 2.626.540 2.278.166 Cost
Akumulasi penyusutan (1.311.027) (1.043.728) (780.711) Accumulated depreciation
1.522.724 1.582.812 1.497.455

BUNGA YANG MASIH AKAN
DITERIMA 12 923.688 871.985 718.892 INTEREST RECEIVABLE
ASET LAIN-LAIN 2m,2n,13 783.770 759.956 626.938 OTHER ASSETS
TOTAL ASET 131.169.730 111.748.593 89.121.459 TOTAL ASSETS

Catatan/
Notes 2013 2012 2011
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
LIABILITAS SEGERA 2o,14 1.284.306 1.201.499 1.017.008 CURRENT LIABILITIES
SIMPANAN DARI NASABAH 2c,2d,2p,40 DEPOSITS FROM CUSTOMERS

Giro 15 Demand deposits
Pihak-pihak berelasi 12.051.655 7.440.454 8.898.546 Related parties
17.960.965 12.510.533 12.715.462

Giro Wadiah 15 Wadiah demand deposits
Pihak ketiga 441.442 638.709 241.209 Third parties
1.155.231 760.694 434.125
19.116.196 13.271.227 13.149.587
Tabungan 16 Savings deposits

23.383.447 20.879.423 14.410.554

Tabungan Wadiah dan 16 Wadiah and Mudharabah
Mudharabah savings deposits
Pihak ketiga 849.167 658.618 402.890 Third parties
854.446 661.002 405.359
24.237.893 21.540.425 14.815.913

Deposito Berjangka 17 Time deposits
48.270.633 41.521.575 31.027.400

Deposito Berjangka
Mudharabah 17 Mudharabah Time Deposits
Pihak Ketiga 3.377.913 2.746.239 2.917.823 Third parties
Pihak-pihak berelasi 1.204.987 1.588.517 59.292 Related parties
4.582.900 4.334.756 2.977.115
52.853.533 45.856.331 34.004.515
Total Simpanan Dari Nasabah 96.207.622 80.667.983 61.970.015 Total Deposits

Catatan/
Notes 2013 2012 2011
SIMPANAN DARI BANK LAIN 2c, 2d,2q, DEPOSITS FROM OTHER BANKS
Pihak ketiga 18,40 269.514 668.965 782.742 Third parties
275.257 706.703 792.970
EFEK-EFEK YANG DIJUAL

DENGAN JANJI DIBELI SECURITIES SOLD
KEMBALI - setelah dikurangi UNDER REPURCHASE
beban bunga yang belum AGREEMENTS -
diamortisasi sebesar Net of unamortized interest
Rp4.317, nihil, dan expense of Rp4,317, nil,
Rp10.607 pada tanggal and Rp10,607 as of
31 Desember 2013, 2012, December 31, 2013, 2012,
dan 2011 2c,2d,2r, and 2011, respectively
Pihak ketiga 9,19,40 2.652.730 2.335.000 3.691.790 Third parties
Pihak-pihak berelasi - - 758.704 Related parties
2.652.730 2.335.000 4.450.494

SURAT-SURAT BERHARGA
YANG DITERBITKAN - setelah
dikurangi biaya emisi obligasi yang SECURITIES ISSUED - Net of
belum diamortisasi masing-masing unamortized bonds issuance
sebesar Rp13.289, Rp13.224, cost of Rp13,289, Rp13,224
dan Rp11.618, pada tanggal and Rp11,618 as of
31 Desember 2013, 2012, 1c,2d,2s, December 31,2013, 2012,
dan 2011. 20 8.836.711 7.136.776 5.438.382 and 2011,respectively
PINJAMAN YANG DITERIMA 2c,2d, 2t FUND BORROWINGS

Pihak ketiga 21,40 2.953.619 3.165.614 3.402.801 Third parties
7.073.032 6.737.260 5.695.307
BUNGA YANG MASIH

HARUS DIBAYAR 22 241.370 193.280 173.587 INTEREST PAYABLE
LIABILITAS PAJAK DEFERRED TAX LIABILITIES

TANGGUHAN - Neto 2ab,35 152.777 45.009 - - Net
ESTIMASI KERUGIAN ESTIMATED LOSSES ON

KOMITMEN DAN COMMITMENTS AND
KONTINJENSI 2ah,23,36 6.469 4.403 3.244 CONTINGENCIES
LIABILITAS LAIN-LAIN 2z, 24 2.882.703 2.441.809 2.258.809 OTHER LIABILITIES
TOTAL LIABILITAS 119.612.977 101.469.722 81.799.816 TOTAL LIABILITIES

Catatan/
Notes 2013 2012 2011
EKUITAS EQUITY
Modal saham - nominal
Rp500 (Rupiah penuh) Capital stock - Rp500
per saham pada par value per share (full amount)
tanggal 31 Desember 2013, as of December 31,
2012, dan 2011 2013, 2012, and 2011
Modal dasar - 20.478.432.000 Authorized - 20,478,432,000
saham (nilai penuh) shares (full amount)
(terdiri dari 1 lembar saham seri A (consisting of 1 share of Series A
dwiwarna dan 20.478.431.999 lembar dwiwarna and 20,478,431,999
saham seri B) pada tanggal shares of series B) as of
31 Desember 2013, 2012, dan December 31, 2013, 2012, and
2011. 2011.
Modal ditempatkan dan disetor penuh Issued and fully paid 10,564,853,500
- 10.564.853.500 saham (nilai penuh) shares (full amount) (consisting of
(terdiri dari 1 lembar saham seri A 1 share of series A dwiwarna and
Dwiwarna dan 10.564.853.499 lembar 10,564,853,499 shares of series B)
Saham seri B) pada tanggal 31 as of December 31, 2013
Desember 2013 dan 10.356.440.500 and 10,356,440,500 shares
Saham (terdiri dari 1 lembar saham (consisting of 1 share of series A
seri A dwiwarna dan 10.356.440.499 dwiwarna and 10,356,440,499
lembar saham seri B) pada tanggal shares of series B) as of Dec.31,
31 Desember 2012 dan 8.835.970.500 2012, and 8,835,970,500 shares
Saham (nilai penuh) (terdiri dari 1 (full amount) (consisting of
lembar saham Seri A Dwiwarna dan 1 share of Series A dwiwarna
8.835.970.499 lembar saham and 8,835,970,499
seri B) pada tanggal shares of series B) as of
31 Desember 2011. 2u,25a 5.282.427 5.178.220 4.417.985 December 31, 2011.
Tambahan modal disetor 25b 2.025.764 1.793.503 734.359 Additonal paid-in capital
Opsi Saham 26 10.600 103.054 60.159 Stock Option
(Kerugian) keuntungan neto

yang belum direalisasi atas
efek-efek dan obligasi Net unrealized (loss) gain on
pemerintah yang tersedia available-for-sale securities
untuk dijual, and Government bonds,
setelah pajak tangguhan 2h,8,9 (90.046) 29.058 35.181 net of deferred tax
Saldo laba telah ditentukan Appropriated retained
penggunaannya 2.765.847 1.811.074 916.587 earnings
Saldo laba belum ditentukan Unappropriated retained
penggunaannya *) 2b,2v 1.562.161 1.363.962 1.157.372 earnings *)
TOTAL EKUITAS 11.556.753 10.278.871 7.321.643 TOTAL EQUITY
TOTAL LIABILITAS TOTAL LIABILITIES

DAN EKUITAS 131.169.730 111.748.593 89.121.459 AND EQUITY
Saldo rugi sebesar Rp14.226.290 pada tanggal *) Accumulated losses amounting to Rp14,226,290 as of May 31,
31 Mei 2007 telah dieliminasi dengan saldo laba telah ditentukan 2007 was eliminated against the net amount of the
penggunaannya, keuntungan (kerugian) yang belum direalisasi appropriated retained earnings, unrealized gain (loss) on
atas efek-efek yang tersedia untuk dijual dan obligasi Pemerintah, available-for-sale securities and Government bonds,revaluation
selisih penilaian kembali aset tetap dan modal ditempatkan dan increment on premises and equipment and issued and fully
disetor penuh pada saat kuasi-reorganisasi Bank pada tanggal paid capital stock during the Bank’s quasireorganization as of
31 Mei 2007. May 31, 2007.

LAPORAN LABA RUGI KOMPREHENSIF STATEMENTS COMPREHENSIVE OF INCOME
Tahun yang Berakhir pada Tanggal-tanggal Years Ended
31 Desember 2013, 2012 dan 2011 December 31, 2013, 2012 and 2011
(Disajikan dalam jutaan rupiah, (Expressed in millions of rupiah,
kecuali dinyatakan lain) unless otherwise stated)
Catatan/
Notes 2013 2012 2011
PENDAPATAN DAN BEBAN INCOME AND EXPENSES

OPERASIONAL FROM OPERATIONS
Pendapatan Bunga dan Interest Income and Income
Bagi Hasil from Profit Sharing
Bunga 2w,27 10.392.786 8.481.318 7.334.318 Interest
Bagi hasil secara syariah 2y 390.091 337.261 221.786 Income from sharia
Total Pendapatan Bunga dan Total Interest Income and

Bagi Hasil 10.782.877 8.818.579 7.556.104 Income from Profit Sharing
Beban Bunga dan Bonus Interest and Bonus Expenses

Bunga 2w,28 (5.115.187) (4.080.603) (3.759.509) Interest
Beban pendanaan lainnya (5.656) (5.159) (5.960) Other financing expenses
Bonus 2y (8.711) (5.998) (4.762) Bonus
Total Beban Bunga dan Bonus (5.129.554) (4.091.760) (3.770.231) Total Interest and Bonus Expenses
Pendapatan Bunga dan Bagi Interest Income and Income

Hasil - Neto 5.653.323 4.726.819 3.785.873 from Profit Sharing - Net
Pendapatan Operasional Lainnya Other Operating Income

Pungutan administrasi dan Administration fees and
denda simpanan dan penalties on
kredit yang diberikan 392.856 355.287 326.842 deposits and loans
Keuntungan dari penjualan Gain on sale of government
obligasi pemerintah - neto 2h,9 22.528 8.551 13.045 bonds - net
Keuntungan dari penjualan
efek-efek - neto 2h,8 9.061 8.288 27.123 Gain on sale of securities - net
Keuntungan yang belum direalisasi Unrealized gain on changes
dari perubahan nilai efek-efek in fair value of
untuk nilai wajar - neto 2h,8 12.063 8.620 3.201 securities - net
Keuntungan yang belum direalisasi Unrealized gain on changes
dari perubahan nilai obligasi in fair value of Government
pemerintah - neto 2h,9 - 501 - Bonds - net
Pendapatan dari penerimaan Income from recovery of
hapus buku 191.429 106.570 74.454 Loans written-off
Lain-lain 29 136.046 83.677 67.352 Others
Total Pendapatan Operasional

Lainnya 763.983 571.494 512.017 Total Other Operating Income
Penyisihan kerugian penurunan Provision for Impairment

nilai aset keuangan dan Losses on Financial
non-aset keuangan 2e,2m,30 (430.289) (212.624) (109.562) and Non-financial Assets
Reversal of (Provision for)

Pembalikan (Beban) Estimasi Impairment Losses on
Kerugian Penurunan Commitments and
Nilai Komitmen dan Kontinjensi 2m,2ah,23 (2.066) (1.159) 57.538 Contingencies
Beban Operasional Lainnya Other Operating Expenses

Umum dan administrasi 31 (1.784.062) (1.462.757) (1.184.927) General and administrative
Gaji dan tunjangan karyawan 2z,32,37 (1.613.152) (1.486.938) (1.321.601) Salaries and employee benefits
Premi program penjaminan Premium on Government’s
Pemerintah 39 (175.419) (134.876) (105.693) guarantee program

LAPORAN LABA RUGI STATEMENTS COMPREHENSIVE
KOMPREHENSIF (lanjutan) OF INCOME (continued)
Catatan/
Notes 2013 2012 2011
Kerugian yang belum direalisasi Unrealized loss on changes

dari perubahan nilai obligasi in fair value of Government
pemerintah - neto 9 (138.689) - - Bonds- net
Lain-lain 33 (137.720) (128.990) (107.896) Others
Total Beban Operasional Lainnya (3.849.042) (3.213.561) (2.720.117) Total Other Operating Expenses
LABA OPERASIONAL 2.135.909 1.870.969 1.525.749 INCOME FROM OPERATIONS
PENDAPATAN (BEBAN) BUKAN NON-OPERATING

OPERASIONAL - NETO 34 4.862 (7.767) (3.489) INCOME (EXPENSE) - NET
LABA SEBELUM INCOME BEFORE

BEBAN PAJAK 2.140.771 1.863.202 1.522.260 TAX EXPENSE
BEBAN PAJAK 2ab,35 (578.610) (499.240) (403.599) TAX EXPENSE
LABA TAHUN BERJALAN 1.562.161 1.363.962 1.118.661 INCOME FOR THE YEAR
Pendapatan komprehensif Lain: Other Comprehensive Income

Kerugian neto yang
belum direalisasi atas perubahan Unrealized net loss on
nilai efek-efek dan obligasi changes in value of
pemerintah yang tersedia available-for-sale securities
untuk dijual - neto setelah and government bonds -
pajak tangguhan 2h,8, 9 (119.104) (6.123) (92.460) net of deferred tax
Total laba komprehensif Total Comprehensive Income

tahun berjalan 1.443.057 1.357.839 1.026.201 for the year
LABA PER SAHAM EARNINGS PER SHARE
Dasar (nilai penuh) 2ad,26,45 148 148 123 Basic (full amount)
Dilusian (nilai penuh) 45 148 147 123 Diluted (full amount)

LAPORAN ARUS KAS STATEMENTS OF CASH FLOWS
Catatan/
Notes 2013 2012 2011
ARUS KAS DARI AKTIVITAS CASH FLOWS FROM

OPERASI OPERATING ACTIVITIES
Penerimaan bunga dan bagi hasil 10.795.629 8.656.890 7.411.788 Interest and profit sharing
Penerimaan kredit yang telah Recoveries from loan
dihapusbukukan 10 193.606 107.508 74.770 debts written-off
Pembayaran bunga dan bonus, Interest and bonus, fees and
provisi dan komisi (5.079.114) (4.069.719) (3.759.750) commissions paid
Pembayaran pajak penghasilan
badan (453.656) (437.556) (415.944) Corporate income tax paid
Beban operasional lainnya -
neto (3.066.021) (2.416.132) (2.053.049) Other operating expenses - net
Pendapatan (beban) bukan Other non-operating
operasional lainnya - neto 4.862 (7.767) (3.488) Income (expense) - net
Penerimaan kas sebelum perubahan Cash receipts before changes in

aset dan liabilitas operasi 2.395.306 1.833.224 1.254.327 operating assets and liabilities
Perubahan dalam aset dan Changes in operating assets

liabilitas operasi: and liabilities:
Penurunan (kenaikan) dalam Decrease (increase) in operating

aset operasi: assets:
Penempatan pada bank lain 148.041 (127.402) 41.911 Placements with other banks
Efek-efek yang diukur pada nilai wajar Fair value through profit or loss
melalui laporan laba rugi dan and available-for-sale
tersedia untuk dijual (1.159.263) (562.700) 290.112 securities
Obligasi pemerintah untuk nilai wajar Fair value through profit or loss
melalui laporan laba rugi and available-for-sale
dan tersedia untuk dijual (1.028.326) (141.143) 12.016 government bonds
Pembiayaan/piutang syariah (2.142.427) (1.803.699) (1.379.347) Sharia/financing receivables
Kredit yang diberikan (17.195.657) (16.214.143) (10.709.579) Loans
Aset lain-lain 25.512 (93.127) (6.614) Other assets
Kenaikan (penurunan) dalam Increase (decrease) in operating

Liabilitas operasi: liabilities:
Liabilitas segera 85.654 235.420 258.186 Current liabilities
Simpanan dari nasabah Deposits
Giro 5.450.432 (204.929) 7.679.510 Demand deposits
Giro Wadiah 394.537 326.569 295.902 Wadiah demand deposits
Tabungan 2.504.024 6.468.869 3.819.294 Savings deposits
Tabungan Wadiah dan Wadiah and Mudharabah
Mudharabah 193.444 255.643 128.992 savings deposits
Deposito berjangka 6.749.058 10.494.175 1.513.475 Time deposits
Deposito berjangka
Mudharabah 248.144 1.357.641 986.795 Mudharabah time deposits
Simpanan dari bank lain (431.446) (86.267) 234.699 Deposits from other banks
Liabilitas lain-lain 467.291 106.807 434.225 Other liabilities
Kas Neto Diperoleh dari Net Cash Provided by

(Digunakan untuk) (Used in) Operating
Aktivitas Operasi (3.295.676) 1.844.938 4.853.904 Activities
10

LAPORAN ARUS KAS (lanjutan) STATEMENTS OF CASH FLOWS (continued)
Catatan/
Notes 2013 2012 2011

INVESTASI INVESTING ACTIVITIES
Jatuh tempo efek-efek
yang dimiliki hingga Maturity of
jatuh tempo 8 113.403 1.069.609 1.124.000 held-to-maturity securities
Pembelian efek-efek
yang dimiliki hingga Purchase of held-to-maturity
jatuh tempo 8 (42.995) (880.267) (1.116.548) securities
Acquisitions of premises and
Pembelian aset tetap 11 (219.359) (352.262) (298.700) equipment
Jatuh tempo obligasi Maturity of
pemerintah yang dimiliki held-to-maturity
hingga jatuh tempo 9 220.400 120.000 - government bonds
Pembelian obligasi Purchase of
pemerintah yang dimiliki held-to-maturity
hingga jatuh tempo 9 (330.485) (340.748) (50.000) government bonds
Kas Neto
digunakan untuk Net Cash used in
Aktivitas Investasi (259.036) (383.668) (341.248) Investing Activities

PENDANAAN FINANCING ACTIVITIES
Penerimaan dari surat-surat berharga Proceeds from issuance of
yang diterbitkan 2.000.000 2.000.000 1.300.000 securities
Pembayaran atas jatuh tempo
surat-surat berharga yang Payment of matured
diterbitkan (300.000) (300.000) - securities issued
Pembayaran biaya emisi surat-surat Payment of securities
berharga yang diterbitkan (2.417) (3.953) (3.541) issuance costs
Proceeds from
Penerimaan dari efek-efek yang securities sold under
dijual dengan janji dibeli kembali 19 2.770.600 1.978.118 5.100.494 repurchase agreements
Pembayaran atas jatuh tempo Payments of matured
efek-efek yang dijual dengan securities sold under
janji dibeli kembali 19 (2.452.870) (4.093.612) (4.113.819) repurchase agreements
Penerbitan saham 2af,25 - 1.868.378 - Stock issuance

Biaya emisi penerbitan saham - (59.154) - Stock issuance cost
Eksekusi opsi saham karyawan 26 244.014 6.905 104.235 Employee stock option exercise
Payments of dividends and
Pembayaran dividen dan program 25c Partnership and Environmental
Kemitraan dan Bina Lingkungan (409.189) (262.885) (306.839) Development Program
Penerimaan pinjaman 21 Proceeds from
yang diterima 335.772 1.041.954 2.295.520 fund borrowings
Kas Neto diperoleh dari Net Cash Provided by

Aktivitas Pendanaan 2.185.910 2.175.751 4.376.050 Financing Activities
(PENURUNAN) KENAIKAN NET (DECREASE)

NETO KAS INCREASE IN CASH AND
DAN SETARA KAS (1.368.802) 3.637.021 8.888.706 CASH EQUIVALENTS
CASH AND
KAS DAN SETARA KAS CASH EQUIVALENTS
AWAL TAHUN 19.480.825 15.843.804 6.955.098 AT BEGINNING OF YEAR
CASH AND CASH

KAS DAN SETARA KAS EQUIVALENTS
AKHIR TAHUN 18.112.023 19.480.825 15.843.804 AT END OF YEAR
11

LAPORAN ARUS KAS (lanjutan) STATEMENTS OF CASH FLOWS (continued)
Catatan/
Notes 2013 2012 2011
Rincian kas dan setara The details of cash and cash

kas akhir tahun adalah equivalents at end of year
sebagai berikut: are as follows:
Kas 2a,4 924.451 694.941 512.399 Cash
Current accounts with
Giro pada Bank Indonesia 2f,5 9.858.758 7.297.835 5.261.418 Bank Indonesia
Current accounts with other
Giro pada bank lain 2f,6 402.523 163.743 210.574 banks
Penempatan pada bank Placements with other banks -

lain - jangka waktu jatuh tempo maturing within three
tiga bulan atau kurang months or less since
sejak tanggal perolehan 2g,7 4.839.318 11.324.306 9.759.976 the acquisition date
Sertifikat Bank Indonesia

jangka waktu jatuh tempo Certificates of Bank Indonesia
tiga bulan atau kurang sejak maturing within three months
tanggal perolehan 2h,8 2.086.973 - 99.437 since acquisition date
Total 18.112.023 19.480.825 15.843.804 Total
12

CATATAN ATAS LAPORAN KEUANGAN NOTES TO THE FINANCIAL STATEMENTS
1. UMUM 1. GENERAL
a. Pendirian Bank a. Bank’s establishment
PT Bank Tabungan Negara (Persero) Tbk PT Bank Tabungan Negara (Persero) Tbk
(“Bank”) didirikan sebagai bank milik negara, (“the Bank”) was originally established as a
semula dengan nama “Bank Tabungan Pos” state-owned bank under the name “Bank
berdasarkan Undang-undang Darurat No. 9 Tabungan Pos” based on Martial Law No. 9 of
Tahun 1950 tanggal 9 Februari 1950. 1950 dated February 9, 1950. Subsequently,
Selanjutnya, berdasarkan Peraturan the name of the Bank was changed to “Bank
Pemerintah Pengganti Undang-undang No. 4 Tabungan Negara” based on Government
tahun 1963, nama Bank Tabungan Pos Regulation Amendment of Law No. 4 of 1963.
diubah menjadi “Bank Tabungan Negara”. The Bank started operating as a state-owned
Pada tanggal 29 April 1989, Bank mulai commercial bank on April 29, 1989.
beroperasi sebagai bank umum milik negara.
Berdasarkan Peraturan Pemerintah No. 24 Based on Government Regulation No. 24 of

Tahun 1992, status Bank diubah menjadi 1992, the status of the Bank was changed to a
perseroan terbatas milik negara (Persero). state-owned limited liability corporation
Akta pendirian Bank sebagai Persero dibuat (Persero). The Bank’s deed of establishment
dihadapan Notaris Muhani Salim, S.H., as a limited liability corporation was
No. 136 tanggal 31 Juli 1992 dan telah documented under deed No. 136 dated
disahkan oleh Menteri Kehakiman dengan July 31, 1992 of Muhani Salim, S.H. and was
Surat Keputusan No. C2-6587.HT.01.01. approved by the Ministry of Justice in its
TH.92 tanggal 12 Agustus 1992, serta Decision Letter No. C2-6587.HT.01.01.TH.92
diumumkan dalam Berita Negara No. 73 dated August 12, 1992 and was published in
tanggal 11 September 1992 Tambahan Supplement No. 6A of State Gazette No. 73
No. 6A. dated September 11, 1992.
Berdasarkan surat keputusan Direksi Bank Based on the Decision Letter

Indonesia No. 27/55/KEP/DIR tanggal No. 27/55/KEP/DIR dated September 23, 1994
23 September 1994, Bank memperoleh of the directors of Bank Indonesia, the Bank
status sebagai bank devisa. obtained the status of a foreign exchange
bank.
Bank telah mendapatkan persetujuan dari The Bank obtained approval from Bank
Bank Indonesia untuk melakukan kegiatan Indonesia to conduct commercial banking
umum perbankan berdasarkan prinsip syariah activities based on sharia principles through
melalui surat No. 6/1350/DPbS tanggal letter No. 6/1350/DPbS dated
15 Desember 2004. December 15, 2004.
Bank mulai melakukan kegiatannya The Bank started its activities based on sharia
berdasarkan prinsip syariah pada tanggal principles on February 14, 2005 through the
14 Februari 2005 dengan mulai beroperasinya establishment of its first sharia branch in
cabang syariah pertama di Jakarta - Harmoni. Jakarta - Harmoni.
Berdasarkan pasal 3 Anggaran Dasar Bank, According to Article 3 of the Bank’s Articles of
ruang lingkup kegiatan Bank adalah Association, the scope of the Bank’s activities
menjalankan kegiatan umum perbankan is to conduct commercial banking activities in
sesuai dengan undang-undang dan peraturan accordance with the prevailing laws and
yang berlaku, termasuk melakukan kegiatan regulations, including the Bank’s activities
Bank berdasarkan prinsip syariah. based on sharia principles.
13
1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian Bank (lanjutan) a. Bank’s establishment (continued)
Berdasarkan akta notaris No. 7 tanggal The decision in the Extraordinary General
12 Oktober 2009 dari notaris Fathiah Helmi, Stockholders’ Meeting to amend all of the
S.H. mengenai pernyataan keputusan Rapat Bank’s Articles of Association to become a
Umum Pemegang Saham Luar Biasa untuk public company was notarized under notarial
menyetujui perubahan seluruh Anggaran deed No. 7 dated October 12, 2009 of Fathiah
Dasar PT Bank Tabungan Negara (Persero) Helmi, S.H. The amendment was approved by
menjadi Perseroan Terbuka. Perubahan the Ministry of Laws and Human Rights in its
anggaran dasar tersebut mendapat letter No. AHU-49309.AH.01.02. of 2009.
persetujuan dari Menteri Hukum dan Hak
Asasi Manusia Republik Indonesia melalui
surat No. AHU-49309.AH 01.02. tahun 2009.
Anggaran Dasar Bank telah mengalami The Articles of Association of the Bank has
beberapa kali perubahan sejak 2009, terakhir been amended several times, the last
dengan perubahan yang didokumentasikan amendment was documented under notarial
dalam akta notaris No. 32 tanggal deed No. 32 dated December 11, 2012 of
11 Desember 2012 dari notaris Fathiah Fathiah Helmi, S.H. regarding the decision
Helmi, S.H. mengenai pernyataan keputusan during the Extraordinary General Stockholders’
Rapat Umum Pemegang Saham Luar Biasa Meeting to amend the Bank’s Articles of
untuk menyetujui pengeluaran saham baru Association to issue 1,512,857,500 new series
seri B baru sebanyak 1.512.857.500 lembar B common shares through a rights issue. This
saham biasa melalui Hak Memesan Efek amendment was approved by the Ministry of
Terlebih Dahulu (HMETD). Perubahan Laws and Human Rights in its Decision Letter
anggaran dasar tersebut telah mendapat No. AHU-AH.01.10-44595 dated
persetujuan dari Menteri Hukum dan Hak December 14, 2012.
Asasi Manusia Republik Indonesia melalui
surat No. AHU-AH. 01.10-44595 tanggal
14 Desember 2012.
Bank berdomisili di Jakarta dan kantor pusat The Bank is domiciled in Jakarta and its head
Bank berlokasi di Jalan Gajah Mada No. 1, office is located at Jalan Gajah Mada No. 1,
Jakarta Pusat. Central Jakarta.
Pada tanggal 31 Desember 2013, Bank As of December 31, 2013, the Bank has 87
memiliki 87 kantor cabang (termasuk 22 branches (including 22 sharia branches),
kantor cabang syariah), 247 cabang 247 sub-branches (including 21 sharia sub-
pembantu (termasuk 21 kantor cabang branches), 486 cash offices (including 7 sharia
pembantu syariah), 486 kantor kas (termasuk cash offices), and 2,922 SOPPs (System on-
7 Kantor Kas Syariah), dan 2.922 SOPP line Payment Point/on-line Post office).
(System on-line Payment Point/Kantor Pos
on-line).
memiliki 87 kantor cabang (termasuk 22 branches (including 22 sharia branches),
kantor cabang syariah), 247 cabang 247 sub-branches (including 21 sharia sub-
pembantu (termasuk 21 kantor cabang branches), 422 cash offices (including 7 sharia
pembantu syariah), 422 kantor kas (termasuk cash offices), and 2,922 SOPPs (System on-
7 Kantor Kas Syariah), dan 2.922 SOPP line Payment Point/on-line Post office).
(System on-line Payment Point/Kantor Pos
on-line).
memiliki 86 kantor cabang (termasuk 21 branches (including 21 sharia branches), 236
kantor cabang syariah), 236 cabang sub-branches (including 18 sharia sub-branch),
pembantu (termasuk 18 kantor cabang 316 cash offices, and 2,735 SOPPs.
pembantu syariah), 316 kantor kas, dan 2.735
SOPP.
14
b. Rekapitalisasi b. Recapitalization
Pada tanggal 28 Mei 1999, Pemerintah On May 28, 1999, the Government issued
mengeluarkan Peraturan Pemerintah No. 52 Government Regulation No. 52 of 1999
Tahun 1999 tentang penambahan regarding the increase in the Government’s
penyertaan Pemerintah pada Bank dalam capital participation in the Bank within the
rangka Program Rekapitalisasi yang framework of the Government’s
dijalankan oleh Pemerintah dengan nilai Recapitalization Program for a maximum
setinggi-tingginya sebesar Rp11.200.000. amount of Rp11,200,000. On August 21, 2000,
Pada tanggal 21 Agustus 2000, Pemerintah the Government issued Government
mengeluarkan Peraturan Pemerintah No. 68 Regulation No. 68 of 2000 regarding the
Tahun 2000 tentang penambahan modal increase in the Government’s capital
Pemerintah pada Bank dalam rangka participation in the Bank within the framework
Program Rekapitalisasi yang dijalankan oleh of the Government’s Recapitalization Program
Pemerintah dengan nilai setinggi-tingginya for a maximum amount of Rp2,805,000 so that
sebesar Rp2.805.000, sehingga tambahan the additional Government capital participation
penyertaan Pemerintah keseluruhan menjadi would total Rp14,005,000. The increase in the
sebesar Rp14.005.000. Penambahan modal Government participation was settled through
tersebut dilakukan melalui penerbitan obligasi the issuance to the Bank of the government’s
rekapitalisasi Pemerintah untuk Bank recapitalization bonds amounting to
sebesar Rp9.803.500 dan Rp4.201.500 Rp9,803,500 and Rp4,201,500 on July 25,
masing-masing pada tanggal 25 Juli 2000 2000 and October 31, 2000, respectively.
dan 31 Oktober 2000.
Pada tanggal 28 Februari 2001, Direksi Bank On February 28, 2001, the Bank’s directors
dan Menteri Keuangan menandatangani and the Ministry of Finance entered into a
Kontrak Manajemen yang berisikan antara Management Contract which includes, among
lain bahwa jumlah kebutuhan rekapitalisasi others, the total final recapitalization
akhir Bank adalah sebesar Rp13.843.540 requirement of the Bank of Rp13,843,540 and
dan kelebihan obligasi rekapitalisasi sebesar the excess recapitalization bonds of
Rp161.460 harus dikembalikan kepada Rp161,460 that should be returned to the
Pemerintah. Pada tanggal 5 November 2001, Government. On November 5, 2001, the Bank
kelebihan obligasi rekapitalisasi tersebut returned such excess recapitalization bonds to
dikembalikan kepada Pemerintah. the government.
Sebagai tindak lanjut dari Kontrak As a result of the Management Contract, the
Manajemen tersebut, Menteri Keuangan Ministry of Finance issued Regulation
Republik Indonesia mengeluarkan Peraturan No. 40/PMK.06/2008 dated February 29, 2008
Menteri Keuangan No. 40/PMK.06/2008 regarding the determination of the final amount
tanggal 29 Februari 2008 tentang penetapan of the Government’s required capital
nilai akhir kebutuhan rekapitalisasi Bank contribution to the Bank amounting to
sebesar Rp13.843.540 dan pelaksanaan hak- Rp13,843,540 and implementation of the
hak pemerintah yang timbul sebagai akibat Government’s rights as a result of the
penambahan penyertaan modal negara additional contributed capital by the Republic
Republik Indonesia ke dalam modal of Indonesia to the capital of PT Bank
Perusahaan Perseroan (Persero) PT Bank Tabungan Negara (Persero) Tbk, as a limited
Tabungan Negara dalam rangka program liability company, in relation to the commercial
rekapitalisasi bank umum dengan banks’ recapitalization program through
mengkonversi menjadi 13.843.540 lembar conversion of additional capital to 13,843,540
saham yang diterbitkan oleh Bank dengan shares of stock, which were issued by the
nominal Rp1.000.000 (Rupiah penuh) per Bank with a nominal value (full amount) of
lembar. Peraturan ini berdaya laku surut Rp1,000,000 per share. This regulation was
sejak tanggal 31 Mei 2007. applied retroactively on May 31, 2007.
15
c. Penawaran umum obligasi Bank c. Public offering of bonds
Bank telah menerbitkan obligasi sebanyak 19 The Bank issued 19 (nineteen) series of bonds
(sembilan belas) kali penerbitan dan 1 kali and 1 series of subordinated bond instruments
penerbitan instrumen obligasi subordinasi from July 25, 1989 to December 31, 2013, with
sejak tanggal 25 Juli 1989 sampai dengan the details as follows:
tanggal 31 Desember 2013 dengan rincian
sebagai berikut:
Nama Obligasi/ Jumlah Nominal/ Jangka Waktu/ Jatuh Tempo/ Tingkat Bunga/
Name of Bonds Nominal Amount Term Maturity Date Interest
Obligasi BTN I/ 50.000 5 tahun/years 25 Juli 1994/ 18,75% tetap/

BTN Bonds I July 25 *) fixed
Obligasi BTN II/ 50.000 5 tahun/years 1 Juni 1995/ 16,25% tetap/

BTN Bonds II June 1*) fixed
Obligasi BTN III/ 50.000 5 tahun/years 11 November 1996/ 20,00% tetap/

BTN Bonds III November 11 *) fixed
Obligasi BTN IV/ 100.000 5 tahun/years 23 Januari 1998/ 17,00% tetap/

BTN Bonds IV January 23 *) fixed
Obligasi BTN V/ 150.000 5 tahun/years 31 Juli 1998/ 15,25% tetap untuk tahun pertama
BTN Bonds V July 31 *) dan kedua, mengambang untuk
tahun berikutnya hingga jatuh tempo/
15.25% fixed for first and second
years, floating for remaining years
until maturity
Obligasi BTN VI/ 350.000 5 tahun/years 21 Desember 2000/ 17,25% tetap untuk tahun pertama,
BTN Bonds VI December 21 *) mengambang untuk tahun berikutnya
hingga jatuh tempo/
17.25% fixed for first year, floating
for remaining years until maturity
Obligasi BTN VII/ 200.000 5 tahun/years 22 Juli 2001/ 17,125% tetap untuk tahun pertama,
BTN Bonds VII July 22, *) mengambang untuk tahun berikutnya
hingga jatuh tempo/
17.125% fixed for first year, floating
for remaining years until maturity
Obligasi BTN VIII/ 400.000 5 tahun/years 18 Juli 2002/ 14,15% tetap/
BTN Bonds VIII July 18 *) fixed
Obligasi BTN IX/ 750.000 5 tahun/years 2 Oktober 2008/ 12,50% tetap/

BTN Bonds IX October 2 *) fixed
Obligasi BTN X/ 750.000 5 tahun/years 25 Mei 2009/ 12,20% tetap/

BTN Bonds X May 25 *) fixed
Obligasi BTN XI/ 750.000 5 tahun/years 6 Juli 2010/ 12,00% tetap/

BTN Bonds XI July 6 *) fixed
Obligasi BTN XII/ 1.000.000 10 tahun/years 19 September 2016/ 12,75% tetap/

BTN Bonds XII September 19 fixed
Obligasi BTN XIII A/ 300.000 3 tahun/years 29 Mei 2012/ 11,75% tetap/

BTN Bonds XIII A May 29 *) fixed
*) *)
Bank telah melakukan pelunasan obligasi yang diterbitkan pada The Bank has made the repayment of bonds issued on maturity date.
tanggal jatuh temponya.
16
c. Penawaran umum obligasi Bank (lanjutan) c. Public offering of bonds (continued)
Bank telah menerbitkan obligasi sebanyak 19 The Bank issued 19 (nineteen) series of bonds
(sembilan belas) kali penerbitan dan 1 kali and series of subordinated bond instruments
penerbitan instrumen obligasi subordinasi from July 25, 1989 to December 31, 2013, with
sejak tanggal 25 Juli 1989 sampai dengan the details as follows (continued):
tanggal 31 Desember 2013 dengan rincian
sebagai berikut (lanjutan):
Nama Obligasi/ Jumlah Nominal/ Jangka Waktu/ Jatuh Tempo/ Tingkat Bunga/
Name of Bonds Nominal Amount Term Maturity Date Interest
Obligasi BTN XIII B/ 300.000 4 tahun/years 29 Mei 2013/ 12,00% tetap/

BTN Bonds XIII B May 29 *) fixed
Obligasi BTN XIII C/ 900.000 5 tahun/years 29 Mei 2014/ 12,25% tetap/

BTN Bonds XIII C May 29 fixed
Obligasi BTN XIV/ 1.650.000 10 tahun/years 11 Juni 2020/ 10,25% tetap/

BTN Bonds XIV June 11 fixed
Obligasi BTN XV/ 1.300.000 10 tahun/years 28 Juni 2021/ 9,50% tetap/

BTN Bonds XV June 28 fixed
Obligasi Berkelanjutan I 2.000.000 10 tahun/years 5 Juni 2022/ 7,90% tetap/

Tahap I BTN/ June 5 fixed
Shelf Registration Bonds I
Phase I BTN
Obligasi Berkelanjutan I 2.000.000 10 tahun/years 27 Maret 2023/ 7,90% tetap/

Tahap II BTN/ March 27 fixed
Shelf Registration Bonds I
Phase II BTN
Obligasi Subordinasi BTN I/ 250.000 10 tahun/years 25 Mei 2014/ 12,60% tetap untuk tahun pertama
Subordinated Bonds BTN I May 25 sampai tahun kelima, 22,60% tetap
untuk tahun ke enam sampai tahun
kesepuluh jika Bank tidak melakukan
opsi beli pada tahun kelima sejak
tanggal penerbitan/
12.60% fixed for first year until fifth
year, 22.60% fixed for sixth year
until tenth year if the Bank does not
exercise its option to buyback on the fifth
year since the issuance date
*) *)
Bank telah melakukan pelunasan obligasi yang diterbitkan pada The Bank has made the repayment of bonds issued on maturity date.
tanggal jatuh temponya.
17

d. Penawaran Umum Saham Perdana d. Initial Public Offering
Bank telah memperoleh izin untuk The Bank obtained a permit to undertake a
melakukan Penawaran Umum sesuai Public Offering based on the approval of the
dengan persetujuan Dewan Perwakilan House of Representatives of the Republic
Rakyat Republik Indonesia yang tertuang of Indonesia in its Chairman letter
dalam Surat Ketua Dewan Perwakilan No. PW.01/3104/DPR RI/V/2009 dated
Rakyat Republik Indonesia May 29, 2009 and was enacted by the
No. PW.01/3104/DPR RI/V/2009 tanggal Government as stipulated by the Republic of
29 Mei 2009, serta penetapan dari Indonesia Government Regulation No. 66 of
Pemerintah sebagaimana tertuang dalam 2009 and circulated in State Gazette No. 167
Peraturan Pemerintah Republik Indonesia dated November 16, 2009 regarding the
No. 66 tahun 2009 dan diundangkan dalam amendment of the stock ownership structure of
Lembaran Negara No. 167 tanggal the State through Initial Public Offering of the
16 November 2009 tentang Perubahan shares of PT Bank Tabungan Negara
Struktur Kepemilikan Saham Negara Melalui (Persero).
Penerbitan dan Penjualan Saham Baru Pada
PT Bank Tabungan Negara (Persero).
Berdasarkan Surat Badan Pengawas Pasar Based on Letter No. S-10523/BL/2009 of the
Modal dan Lembaga Keuangan (BAPEPAM- Capital Market and Financial Institutions
LK) No. S-10523/BL/2009 tanggal Supervisory Agency (BAPEPAM-LK) dated
8 Desember 2009, pernyataan pendaftaran December 8, 2009, the Registration Statement
yang diajukan Bank dalam rangka IPO submitted by the Bank relating to the Initial
sejumlah 6.353.999.999 lembar Saham Public Offering of 6,353,999,999 ordinary
Biasa Atas Nama Seri B milik Negara shares Series B of the Republic of Indonesia
Republik Indonesia dan 2.360.057.000 and 2,360,057,000 new ordinary shares Series
lembar Saham Biasa Atas Nama Seri B baru, B, at Rp500 (full amount) per share to the
dengan nilai nominal sebesar Rp500 (Rupiah public, became effective on December 8,
penuh) setiap saham kepada masyarakat 2009. The shares which were offered to the
telah menjadi efektif pada tanggal public, were listed and traded on the Indonesia
8 Desember 2009. Saham yang ditawarkan Stock Exchange on December 17, 2009, with
tersebut dicatatkan dan mulai the selling price of Rp800 (full amount) per
diperdagangkan di Bursa Efek Indonesia share.
pada tanggal 17 Desember 2009 dengan
harga jual Rp800 (nilai penuh) per saham.
Berkaitan dengan penawaran umum saham In relation to the Initial Public Offering of the
perdana, Bank telah mengimplementasikan shares, the Bank implemented the
program kepemilikan saham oleh Management and Employee Stock Allocation
Manajemen dan Karyawan (Management (MESA) program. MESA program is allocated
and Employee Stock Allocation/MESA). with a maximum of 9.62% of the newly issued
Program MESA diberikan maksimal 9,62% shares for registered employees as of
dari saham baru yang diterbitkan kepada September 30, 2009. The MESA Program
karyawan yang tercatat pada tanggal became effective on September 17, 2009 and
30 September 2009. Program MESA all qualified employees availed of the program
tersebut telah efektif pada tanggal consisting of 226,928,500 Series B shares
17 September 2009 dan seluruh karyawan (with nominal value of Rp500 per share) with a
yang memiliki kualifikasi telah mengambil purchase price of Rp640 per share (after share
program tersebut dengan jumlah lembar price discount of 20% from the initial public
saham biasa atas nama Seri B sebanyak offering price of Rp800 per share) and a lock
226.928.500 lembar (nilai nominal Rp500 per up period until six months. The share price
lembar saham) dengan harga beli Rp640 per discount for MESA program was recognized
lembar saham (setelah diskon 20% dari as the Bank’s expense in 2009, amounting to
harga penawaran perdana sebesar Rp800 20% or Rp41,353 including the income tax
per lembar saham) dengan masa lockup expense.
selama enam bulan. Diskon harga saham
untuk program MESA menjadi beban Bank di
tahun 2009, yaitu sebesar 20% atau
Rp41.353, yang termasuk beban pajak
penghasilan.
18
e. Penerapan kuasi reorganisasi e. Implementation of quasi - reorganization
Kondisi ekonomi yang buruk yang terjadi The unfavorable economic condition starting
sejak pertengahan tahun 1997 sampai in mid-1997 until 1999, which was caused
dengan tahun 1999, yang disebabkan mainly by the weakening of the rupiah in
terutama oleh melemahnya kurs mata uang relation to other foreign currencies such as
Rupiah terhadap mata uang asing, seperti the United States dollar, the instability of
dolar Amerika Serikat dan tingkat suku bunga interest rates, liquidity problem and the low
yang tidak stabil, sangat langkanya likuiditas level of trust by investors, had an adverse
serta menurunnya tingkat kepercayaan impact to the banking industry in Indonesia.
investor, telah memberikan dampak yang This condition also affected the Bank debtors
buruk bagi industri perbankan di Indonesia. in fulfilling their obligations. As a result, the
Kondisi tersebut juga berdampak pada para Bank suffered a significant amount of deficit.
debitur Bank dalam memenuhi kewajibannya
sehingga Bank mengalami defisit yang cukup
besar.
Untuk memperoleh awal yang baik (fresh In order to make a fresh start with a
start) dengan laporan posisi keuangan yang statement of financial position showing
menunjukkan nilai sekarang dan tidak present values without the burden of deficit,
dibebani oleh defisit, maka Bank the Bank conducted a Quasi-Reorganization
melaksanakan Kuasi-Reorganisasi per on May 31, 2007 (Note 2b). The Quasi-
31 Mei 2007 (Catatan 2b). Kuasi- Reorganization was recognized by the Bank
Reorganisasi dilakukan Bank sebagai as a necessary step to positively continue its
langkah penting untuk bisa meneruskan business.
usaha secara lebih baik.
Dalam Rapat Umum Pemegang Saham In the Bank’s General Stockholders’ Meeting
(RUPS) Bank tentang Pengesahan Rencana held on January 19, 2006 regarding the
Kerja dan Anggaran Perusahaan tanggal Approval of the Bank’s Budget and Work
19 Januari 2006, pemegang saham Bank Plan, the stockholders approved, among
memutuskan antara lain bahwa pemegang others, the Bank’s plan to conduct the Quasi-
saham mendukung rencana Bank untuk Reorganization in order to determine the final
melakukan Kuasi-Reorganisasi dalam rangka amount of the Government’s capital
menetapkan besarnya nilai akhir Penyertaan contribution and to restructure the Bank’s
Modal Negara dalam Bank dan perbaikan capital, which should be implemented
struktur modal Bank, dan agar dilaksanakan according to the prevailing regulations.
sesuai dengan ketentuan yang berlaku.
Sebagai hasil dari Kuasi-Reorganisasi , saldo As a result of the quasi-reorganization, the

defisit Bank sebesar Rp14.226.290 Bank’s deficit balance amounting to
dieliminasi ke akun saldo laba telah Rp14,226,290 was eliminated against the net
ditentukan penggunaannya, keuntungan amount of the appropriated retained
(kerugian) yang belum direalisasi atas efek- earnings, unrealized gain (loss) on available-
efek yang tersedia untuk dijual dan obligasi for-sale securities and government bonds,
pemerintah, selisih penilaian kembali aset revaluation increment on premises and
tetap dan modal ditempatkan dan disetor equipment and issued and fully paid capital
penuh. stock.
19
f. Dewan Komisaris, Direksi, Dewan f. Boards of Commissioners, Directors,

Pengawas Syariah, Komite Audit dan Sharia Supervisory Board, Audit
Karyawan Committee and Employees
Berdasarkan resume Rapat Umum Based on the minutes of the Bank’s Annual
Pemegang Saham Tahunan Bank tanggal General Stockholders’ Meeting held on March
27 Maret 2013 yang berita acaranya dibuat 27, 2013, as recorded under the notarial No.
oleh Notaris Fathiah Helmi, S.H.,No.45, 45 of notary Fathiah Helmi, S.H., the
susunan Dewan Komisaris Bank pada composition of the Bank’s Board of
tanggal 31 Desember 2013 adalah sebagai Commissioners as of December 31, 2013
berikut: follows:
31 Desember 2013 December 31, 2013

Komisaris Utama Mardiasmo* President Commissioner
Komisaris Dwijanti Tjahjaningsih Commissioner
Komisaris Independen Sahala Lumban Gaol** Independent Commissioner
Komisaris Agung Kuswandono Commissioner
Komisaris Independen Amanah Abdulkadir Independent Commissioner
Komisaris Independen Maulana Ibrahim*** Independent Commissioner
* Berdasarkan Surat Bank Indonesia No. * Based on the decision letter of Bank Indonesia No.
15/124/GBI/DPIP/Rahasia tanggal 9 Desember 2013 perihal Uji 15/124/GBI/DPIP/Rahasia dated December 9, 2013 about Fit
Kemampuan dan Kepatutan (Fit and Proper Test) atas and Proper Test regarding to the Appointment of the President
Pengangkatan Komisaris Utama PT. Bank Tabungan Negara Commissioner of PT Bank Tabungan Negara (Persero) Tbk,
(Persero) Tbk, Bank Indonesia menyetujui pengangkatan Sdr. Bank Indonesia approves the Appointment of Mr. Mardiasmo as
Mardiasmo sebagai Komisaris Utama PT. Bank Tabungan the President Commissioner of PT Bank Tabungan Negara
Negara (Persero) Tbk dan efektif setelah jumlah anggota Dewan (Persero) Tbk and will be effective after the number of Board of
Komisaris paling banyak sama dengan jumlah anggota Direksi. Commissioners is the same as the number of Board of Directors
** Pengalihan menjadi Komisaris Independen berdasarkan RUPS ** Changed to Independent Commissioner based on the Bank’s
Tahunan Bank tanggal 27 Maret 2013, berlaku efektif setelah annual General Stockholders’ Meeting dated March 27, 2013,
mendapat persetujuan dari Bank Indonesia atas Penilaian effective upon approval from Bank Indonesia based on the Fit
Kemampuan dan Kepatutan (Fit & Proper Test) dan memenuhi and Proper Test and compliance with the prevailing laws and
peraturan perundang-undangan yang berlaku regulations
*** Sesuai Surat Bank Indonesia No. 15/81/GBI/DPIP/Rahasia
tanggal 24 Oktober 2013 perihal Uji Kemampuan dan Kepatutan *** Based on the decision letter of Bank Indonesia No.
(Fit and Proper Test) atas Pengangkatan Komisaris Independen 15/81/GBI/DPIP/Rahasia dated October 24, 2013 about Fit and
PT. Bank Tabungan Negara (Persero) Tbk, Bank Indonesia Proper Test regarding to the Appointment of the Independent
menyetujui pengangkatan Sdr. Maulana Ibrahim sebagai Commissioner of PT Bank Tabungan Negara (Persero) Tbk,
Komisaris Independen PT. Bank Tabungan Negara (Persero) Bank Indonesia approves the appointment of Mr. Maulana
Tbk, dan berlaku efektif sejak tanggal 8 Desember 2013. Ibrahim as the Independent Commissioner of PT Bank Tabungan
Negara (Persero) Tbk and effective since December 8, 2013
Berdasarkan pernyataan Keputusan Rapat Based on the Bank’s Extraordinary General

Umum Pemegang Saham Luar Biasa Stockholders’ Meeting held on December 28,
(RUPSLB) Bank tanggal 28 Desember 2012 2012, as stated under the notarial deed No. 54
yang diaktakan dengan akta Notaris Fathiah of notary Fathiah Helmi, S.H., and for which
Helmi, S.H.,No.54, dan pemberitahuannya notice has been received by the Ministry of
telah diterima oleh Kementrian Hukum dan Laws and Human Rights in its letter
HAM sesuai surat No. AHU – AH. 01.10- No. AHU-AH.01.10-06884 dated February 27,
06884, tanggal 27 Februari 2013, susunan 2013, the composition of the Bank’s Board of
Dewan Komisaris Bank pada tanggal Commissioners as of December 31, 2012 is as
31 Desember 2012 adalah sebagai berikut: follows:

Komisaris Utama (merangkap President Commissioner (also acting
komisaris independen) Zaki Baridwan as Independent Commissioner)
Komisaris Sahala Lumban Gaol* Commissioner
Komisaris Independen Subarjo Joyosumarto Independent Commissioner
Komisaris Dwijanti Tjahjaningsih** Commissioner
Komisaris Independen Amanah Abdulkadir*** Independent Commissioner
Komisaris Agung Kuswandono *** Commissioner
* Diangkat berdasarkan hasil Rapat Umum Pemegang Saham (RUPS) tahunan * Appointed based on the Bank’s annual General Stockholders’ Meeting dated
tanggal 19 April 2012, berlaku efektif tanggal 1 November 2012 April 19, 2012, effective on November 1, 2012
** Diangkat berdasarkan hasil Rapat Umum Pemegang Saham (RUPS) tahunan ** Appointed based on the Bank’s annual General Stockholders’ Meeting dated
tanggal 19 April 2012, berlaku efektif tanggal 20 November 2012 April 19, 2012, effective on November 20, 2012
*** Berdasarkan Surat Bank Indonesia No. 15/20/GBI/DPIP/Rahasia tanggal 28 *** Based on the decision letter of Bank Indonesia No. 15/20/GBI/DPIP/Rahasia
Juni 2013 perihal Keputusan Uji Kemampuan dan Kepatutan (Fit and Proper dated June 28, 2013 about the result of Fit and Proper Test regarding to the
Test) Terhadap Pengangkatan Komisaris Independen PT. Bank Tabungan Appointment of the Independent Commissioner of PT Bank Tabungan Negara
Negara (Persero) Tbk dan No. 15/21/GBI/DPIP/Rahasia tanggal 28 Juni 2013 (Persero) Tbk, and the decision letter of Bank Indonesia No.
perihal Keputusan Uji Kemampuan dan Kepatutan (Fit and Proper Test) 15/21/GBI/DPIP/Rahasia dated June 28, 2013 on the Fit and Proper Test
Terhadap Pengangkatan Komisaris PT. Bank Tabungan Negara (Persero) regarding to the Appointment of Commissioner of PT Bank Tabungan Negara
Tbk, berlaku efektif sejak tanggal 28 Juni 2013, (Persero) Tbk, effective since June 28, 2013.
20

Karyawan (lanjutan) Committee and Employees (continued)
Berdasarkan Surat Menteri Badan Usaha Based on the Decision Letter No. KEP-
Milik Negara (BUMN) No. KEP-29/MBU/2008 29/MBU/2008 dated January 22, 2008 of the
tanggal 22 Januari 2008, susunan dewan Ministry of State-owned Enterprises, the
komisaris Bank pada tanggal 31 Desember composition of the Bank’s Board of
2011 adalah sebagai berikut: Commissioners as of December 31, 2011
follows:
Komisaris Utama (merangkap President Commissioner - (also acting
komisaris independen) Zaki Baridwan as Independent Commissioner)
Komisaris Mulabasa Hutabarat Commissioner
Komisaris Independen Subarjo Joyosumarto Independent Commissioner
Komisaris Gatot Mardiwasisto* Commissioner
Komisaris Independen Deswandhy Agusman** Independent Commissioner
Komisaris Iskandar Saleh*** Commissioner
* Pemberhentian berlaku sejak 27 Januari 2012 sesuai Surat * Resignation effective as of January 27, 2012 according to
Dewan Komisaris PT Bank Tabungan Negara (Persero) Tbk Board Commisioner Letter No.10/KOM/BTN/I/2012 jo
No.10/KOM/BTN/I/2012jo Hasil RUPSLB Bank BRI tanggal 28 Extraordinary General Shareholders’ Meeting dated
September 2011 jo Surat Bank BRI No. B-35- September 28, 2011 jo Letter from Bank BRI No. B-35-
SKP/ADP/01/2012, tanggal 31 Januari 2012, perihal SKP/ADP/01/2012, dated January 31, 2012, regarding
penyampaian data efektifnya pengangkatan direktur BRI appointment of BRI’s Directors.
** Diangkat berdasarkan Rapat Umum Pemegang Saham ** Appointed based on the Bank’s annual General Stockholders’
(RUPS) Tahunan PT Bank Tabungan Negara (Persero) Tbk Meeting PT Bank Tabungan Negara (Persero) Tbk dated May
tanggal 19 Mei 2010, berlaku efektif sejak tanggal 2 Agustus 19, 2010, effective since August 2, 2010
2010
*** Diangkat berdasarkan hasil Rapat Umum Pemegang Saham *** Appointed based on the Bank’s annual General
(RUPS) tahunan PT Bank Tabungan Negara (Persero) Tbk Stockholders’ Meeting PT Bank Tabungan Negara (Persero)
tanggal 19 Mei 2011 Tbk dated May 19, 2011

telah diterima oleh Kementrian Hukum dan Laws and Human Rights in its letter No. AHU-
HAM sesuai surat No. AHU – AH. 01.10- AH.01.10-06884 dated February 27, 2013, the
06884, tanggal 27 Februari 2013, susunan composition of the Bank’s Board of Directors
Dewan Direksi Bank pada tanggal as of December 31, 2013 follows:
31 Desember 2013 adalah sebagai berikut:

Direktur Utama Maryono President Director
Direktur Evi Firmansyah* Director
Direktur Irman A. Zahiruddin Director
Direktur Saut Pardede* Director
Direktur Mas Guntur Dwi S** Director
Direktur Poernomo** Director
Direktur Mansyur Syamsuri Nasution Director
* Berdasarkan Surat Bank Indonesia No. * Based on the decision letter of Bank Indonesia No.
15/124/KEP.GBI/DPG/2013 dan No. 15/125/KEP.GBI/DPG/2013 15/124/KEP.GBI/DPG/2013 and No. 15/125/KEP.GBI/DPG/2013
tanggal 6 Desember 2013, Sdr. Evi Firmansyah dan Sdr. Saut dated December 6, 2013, stating that Mr. Evi FIrmansyah and
Pardede tidak dapat melakukan tindakan sebagai anggota Mr. Saut Pardede could no act as the Bank’s members of
Direksi Perseroan terhitung sejak tanggal 06 Desember 2013. Directors, since December 6, 2013.
** Berdasarkan Surat Bank Indonesia No. ** Based on the decision letter of Bank Indonesia No.
15/126/KEP.GBI/DPG/2013 dan No. 15/127/KEP.GBI/DPG/2013 15/126/KEP.GBI/DPG/2013 and No. 15/127/KEP.GBI/DPG/2013
tanggal 6 Desember 2013, Bank Indonesia belum dapat dated December 6, 2013, stating that Bank Indonesia could not
menyetujui pengangkatan Sdr. Mas Guntur Dwi S. dan Sdr. approve the appointment of Mr. Mas Guntur Dwi S and Mr.
Poernomo sebagai Direktur Poernomo as the members of Directors.
21


telah diterima oleh Kementrian Hukum dan Laws and Human Rights in its letter
HAM sesuai surat No. AHU – AH. 01.10- No. AHU-AH.01.10-06884 dated February 27,
06884, tanggal 27 Februari 2013, susunan 2013, the composition of the Bank’s Board of
Dewan Direksi Bank pada tanggal Directors as of December 31, 2012, follows:
31 Desember 2012 adalah sebagai berikut:

Direktur Utama Maryono* President Director
Direktur Evi Firmansyah Director
Direktur Irman A. Zahiruddin Director
Direktur Saut Pardede Director
Direktur Mas Guntur Dwi S** Director
Direktur Poernomo** Director
Direktur Mansyur Syamsuri Nasution* Director
* Berdasarkan Surat Bank Indonesia No. 15/55/GBI/DPIP/Rahasia * Based on the decision letter of Bank Indonesia No.
tanggal 18 Maret 2013 perihal Keputusan atas Pengangkatan 15/55/GBI/DPIP/Rahasia dated March 18, 2013 about the
Direktur Utama PT. Bank Tabungan Negara (Persero) Tbk dan decision on appointment of the President Director of PT Bank
No. 15/56/GBI/DPIP/Rahasia tanggal 18 Maret 2013 perihal Tabungan Negara (Persero) Tbk, and decision letter No.
Keputusan atas Pengangkatan Direktur PT. Bank Tabungan 15/56/GBI/DPIP/Rahasia dated March 18, 2013 about the
Negara (Persero) Tbk, berlaku efektif per tanggal 18 Maret 2013, decision on appointment the Director of PT Bank Tabungan
Negara (Persero) Tbk, effective since March 18, 2013.
** Efektif setelah mendapat persetujuan dari Bank Indonesia atas ** Effective upon approval from Bank Indonesia about the
Penilaian Kemampuan dan Kepatutan (Fit & Proper Test) dan assessment of Fit and Proper Test and in compliance with the
memenuhi peraturan perundang-undangan yang berlaku prevailing laws and regulations
Berdasarkan Surat Keputusan Menteri Based on the Decision Letter No. KEP-
Negara Badan Usaha Milik Negara No. KEP- 291/MBU/2007 dated December 19, 2007 of
291/MBU/2007 tanggal 19 Desember 2007, the Ministry of State-owned Enterprises, the
susunan dewan direksi Bank adalah sebagai composition of the Bank’s Board of Directors
berikut: follows:
Direktur Utama Iqbal Latanro President Director

Wakil Direktur Utama Evi Firmansyah Vice President Director
Direktur Risk, Compliance & Human Capital Sunarwa Risk, Compliance & Human Capital Director
Direktur Financial, Strategic & Treasury Saut Pardede Financial, strategic & Treasury Director
Direktur Mortgage & Consumer Banking Irman Alvian Zahiruddin Mortgage & Comsumer Banking Director
Direktur Housing & Commercial Banking Purwadi Housing & Commercial Banking Director
Gaji dan kompensasi lainnya yang Salaries and other compensation benefits paid
dibayarkan kepada dewan komisaris adalah to the Board of Commissioners of the Bank
sebesar Rp22.605, Rp19.466, dan Rp14.620 amounted to Rp22,605, Rp19,466, and
masing-masing untuk tahun yang berakhir Rp14,620 for the years ended December 31,
pada tanggal-tanggal 31 Desember 2013, 2013, 2012, and 2011, respectively. Salaries
2012, dan 2011. Gaji dan kompensasi and other compensation benefits paid to the
lainnya yang dibayarkan kepada dewan Board of Directors of the Bank amounted to
direksi adalah sebesar Rp58.283, Rp49.247, Rp58,283, Rp49,247, and Rp37,446 for the
dan Rp37.446 masing-masing untuk tahun years ended December 31, 2013, 2012, and
yang berakhir pada tanggal-tanggal 2011, respectively.
31 Desember 2013, 2012, dan 2011.
22

Pada Rapat Umum Pemegang Saham Bank During the Bank’s Stockholders’ General
yang diadakan pada tanggal 27 Maret 2013, Meetings held on March 27, 2013, April 19,
19 April 2012, dan 19 Mei 2011 Bank 2012, and May 19, 2011, the Bank distributed
membagikan tantiem masing-masing sebesar bonuses to the Directors and Commissioners
Rp54.558, Rp44.800, dan Rp27.477 bagi amounting to Rp54,558, Rp44,800, and
Dewan Komisaris dan Direksi yang Rp27,477 respectively, which were charged to
dialokasikan dari laba tahun berjalan yang current year income and paid on April 11,
dibayarkan masing-masing pada tanggal 2013, May 3, 2012, and July 29, 2011,
11 April 2013, 3 Mei 2012, dan 29 Juli 2011 respectively (Note 32).
(Catatan 32).
Sekretaris Perusahaan dan Kepala Divisi The Bank’s Corporate Secretary and the
Audit Internal Bank pada tanggal Head of Internal Audit Division as of
31 Desember 2013, 2012 dan 2011 adalah December 31, 2013, 2012 and 2011 are as
sebagai berikut: follows:
Sekretaris Perusahaan Viator Simbolon* Corporate Secretary

**
Kepala Divisi Audit Internal Hulmansyah Head of Internal Audit Division
*) Diangkat berdasarkan Surat Keputusan Direksi Bank *) Appointed based on the Bank’s Board of Directors’ Decision Letter
No. 371/DIR/2013 tanggal 29 Mei 2013 No.371/DIR/2013 dated May 29, 2013.
**) Diangkat berdasarkan Surat Keputusan Direksi Bank **) Appointed based on the Bank’s Board of Directors’ Decision Letter
No. 134/DIR/2013 tanggal 5 Maret 2013 No.134/DIR/2013 dated March 5, 2013.
31 Desember 2012 dan 2011 December 31, 2012 and 2011
Sekretaris Perusahaan Rakhmat Nugroho Corporate Secretary

*)
Kepala Divisi Audit Internal Mas Guntur Dwi S Head of Internal Audit Division
*) Diangkat berdasarkan Surat Keputusan Direksi Bank *) Appointed based on the Bank’s Board of Directors’ Decision Letter
No. 279/DIR/2011 tanggal 15 Juli 2011 dan digantikan oleh No.279/DIR/2011 dated July 15, 2011 and replaced by Palwoto who
Palwoto yang bertindak sebagai pejabat sementara pada Februari is acting as caretaker on February 2013
2013
Susunan Dewan Pengawas Syariah Bank, The composition of the Bank’s Sharia
berdasarkan Surat Keputusan Direksi Bank Supervisory Board based on the Bank’s Board
No. 166/DIR/2010 tanggal 19 Juli 2010 of Directors’ Decision Letter No. 166/DIR/2010
adalah sebagai berikut: dated July 19, 2010 follows:
31 Desember 2013, 2012, dan 2011 December 31, 2013, 2012 and 2011
Ketua A. Nazri Adlani Chairman
Anggota Moh. Hidayat Member
Anggota Muhammad. Syakir Sula Member
23

Susunan Dewan Komite Audit Bank pada The composition of the Bank’s Audit
tanggal 31 Desember 2013 berdasarkan Committee as of December 31, 2013, based
Surat Keputusan Direksi Bank on the Bank’s Board of Directors’ Decision
No. 251/DIR/2013, tanggal 24 April 2013 Letter No. 251/DIR/2013, dated April 24, 2013,
(menindaklanjuti Ketetapan Komisaris melalui (followed by the Bank’s Board of Directors’
Surat No. 29/KOM/BTN/IV/2013 tanggal Decision No. 29/KOM/BTN/IV/2013 dated
3 April 2013), tanggal 31 Desember 2012 April 3, 2013), as of December 31, 2012 based
berdasarkan Surat Keputusan Direksi Bank on the Bank’s Board of Directors’ Decision
No. 244/DIR/2012, tanggal 31 Agustus 2012 Letter No. 244/DIR/2012 dated August 31,
(menindaklanjuti Ketetapan Komisaris melalui 2012 (followed by the Bank’s Board of
Surat No. 78/KOM/BTN/VII/2012 tanggal Directors’ Decision No. 78/KOM/BTN/VII/2012
1 Agustus 2012), dan tanggal 31 Desember dated August 1, 2012) ,and as of
2011 berdasarkan Surat Keputusan Direksi December 31, 2011 based on the Board of
Bank No. 189/DIR/2010 tanggal 24 Agustus Directors’ Decision Letter No. 189/DIR/2010
2010 (menindaklanjuti Ketetapan Komisaris dated August 24, 2010 (followed by the Bank’s
melalui Surat No. 30/KOM/BTN/VIII/2010 Board of Commissioners’ Decision No.
tanggal 4 Agustus 2010) adalah sebagai 30/KOM/BTN/VIII/2010 dated August 4, 2010)
berikut: as follows:

Ketua Sahala Lumban Gaol*) Chairman
Anggota Dwijanti Tjahjaningsih **) Member
Anggota Muchammad Syafruddin ***) Member
Anggota Waldy Gutama****) Member
Anggota Sondang Gayatri****) Member
*) Ditetapkan sebagai Ketua Komite Audit berdasarkan Surat *) Appointed based on the Bank’s Board of Commisioners’ Decision
Komisaris No. 29/KOM/BTN/IV/2013 tanggal 3 April 2013 Letter No.29/KOM/BTN/IV/2013 dated April 3, 2013
**) Ditetapkan sebagai Anggota Komite Audit Berdasarkan Surat **) Appointed based on the Bank’s Board of Commisioners’ Decision
Keputusan Direksi No. 870/DIR/2013 tanggal 3 Desember 2013 Letter No.870/KOM/BTN/IV/2013 dated Desember 3, 2013
***) Ditetapkan sebagai Anggota Komite Audit Berdasarkan Surat ***) Appointed based on the Bank’s Board of Directors’ Decision
Keputusan Direksi No. 251/DIR/2013 tanggal 24 April 2013. Letter No.251/DIR/ 2013 dated April 24, 2013
****) Ditetapkan sebagai Anggota Komite Audit Berdasarkan Surat ****) Appointed based on the Bank’s Board of Director’s Decision Letter
Keputusan Direksi No. 736/DIR/2013 tanggal 2 Oktober 2013 No. 736/DIR/2013 dated October 2, 2013

Ketua Zaki Baridwan Chairman
Anggota Muchamad Syafruddin Member
Anggota Triana Yuniati Member
24


Ketua Zaki Baridwan Chairman
1)
Anggota Iskandar Saleh Member
2)
Anggota Gatot Mardiwasisto Member
3)
Anggota Muchamad Syafruddin Member
4)
Anggota Lifransyah Gumay Member
5)
Anggota Triana Yuniati Member
1) 1)
Pengangkatan berlaku sejak 1 Juni 2011 sesuai Surat Appointment effective June 1, 2011 according to Decision
Keputusan Direksi Bank No.287/DIR/2011 tanggal letter No.287/DIR/2011 of the Bank’s Board of Directors
28 Juli 2011 dated July 28, 2011
2) 2)
Pemberhentian berlaku sejak 1 Juni 2011 sesuai Surat Resignation effective as of June 1, 2011 according to
Keputusan Direksi bank No. 287/DIR/2011 tanggal Decision Letter No. 287/DIR/2011 dated July 28, 2011
28 juli 2011
3) 3)
Pengangkatan berlaku sejak 2 Agustus 2010 sesuai Appointment effective August 2, 2010 according to Letter
surat keputusan Direksi Bank No.189/DIR/2010 No.189/DIR/2010 of the Bank’s Board of Directors dated
tanggal 24 Agustus 2010 August 24, 2010
4) 4)
Pemberhentian berlaku sejak 1 September 2011 Resignation effective September 1, 2011 according to
sesuai Surat Keputusan Direksi Bank No.305/DIR/2011 Letter No.305/DIR/2011 of the Bank’s Board of Directors
tanggal 11 Agustus 2011 dated August 11, 2011
5) 5)
Pengangkatan berlaku sejak 1 September 2011 sesuai Appointment effective September 1, 2011 according to
surat keputusan Direksi Bank No.305/Dir/2011 tanggal Letter No.305/Dir/2011 of the Bank’s Board of Directors
11 Agustus 2011 dated August 11, 2011
Jumlah karyawan tetap Bank pada tanggal- The Bank’s permanent employees as of
tanggal 31 Desember 2013, 2012 dan 2011 December 31, 2013, 2012 and 2011 totalled
masing-masing adalah 6.869, 6.048 dan 6,869, 6,048 and 5,153 persons, respectively.
5.153 orang.
2. IKHTISAR KEBIJAKAN AKUNTANSI YANG 2. SUMMARY OF SIGNIFICANT ACCOUNTING

SIGNIFIKAN POLICIES
a. Dasar Penyajian Laporan Keuangan a. Basis of Preparation of the Financial

Statements
Pernyataan Kepatuhan Statement of Compliance
Laporan keuangan disusun sesuai dengan The financial statements have been prepared
Standar Akuntansi Keuangan (SAK) di in accordance with Indonesian Financial
Indonesia yang dikeluarkan oleh Dewan Accounting Standards (FAS) issued by the
Standar Akuntansi Keuangan Ikatan Akuntan Financial Accounting Standards Board of the
Indonesia (DSAK-IAI). Seperti diungkapkan Indonesian Institute of Accountants (DSAK-
dalam Catatan-catatan terkait di bawah ini, IAI). As disclosed further in the relevant
beberapa standar akuntansi yang telah direvisi succeeding notes, several amended and
dan diterbitkan, diterapkan efektif tanggal published accounting standards were adopted
1 Januari 2013. effective January 1, 2013.
25

SIGNIFIKAN (lanjutan) POLICIES (continued)

(lanjutan) Statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Laporan keuangan disajikan dengan The financial statements have also been
menggunakan praktek yang lazim berlaku prepared using the prevailing banking industry
dalam industri perbankan serta pedoman practices and accounting and reporting
akuntansi dan pelaporan yang ditetapkan oleh guidelines prescribed by the Indonesian
otoritas perbankan Indonesia dan Badan Banking Regulatory Authority and the
Pengawas Pasar Modal dan Lembaga Indonesian Capital Market and Financial
Keuangan (BAPEPAM - LK) Peraturan Institutions Supervisory Agency (BAPEPAM -
No. VIII.G.7 tentang “Penyajian dan LK), consisting mainly of BAPEPAM - LK Rule
Pengungkapan Laporan Keuangan Emiten No. VIII.G.7 regarding “Financial Statements
atau Perusahaan Publik” yang terlampir dalam Presentation and Disclosure for Issuers or
lampiran keputusan Ketua BAPEPAM - LK Public Companies” included in the Appendix of
No. KEP 347/BL/2012 tanggal 25 Juni 2012, the Decision of the Chairman of BAPEPAM -
serta Surat Edaran BAPEPAM - LK LK No. KEP.347/BL/2012 dated June 25,
No. SE-17/BL/2012 tanggal 21 Desember 2012 2012, and Circular Letter of BAPEPAM-LK
tentang “Penggunaan Checklist Pengungkapan No. SE-17/BL/2012 dated December 21, 2012
Laporan Keuangan Untuk Semua Jenis regarding the “Use of Financial Statements
Industri di Pasar Modal di Indonesia”. Disclosure Checklist For All Types of
Industries in the Capital Market of Indonesia”.
Laporan keuangan Bank cabang syariah yang The financial statements of the Bank’s sharia
didasarkan pada prinsip syariah disajikan branches have been presented in conformity
sesuai dengan Pernyataan Standar Akuntansi with the Statement of Financial Accounting
Keuangan (PSAK) No. 101 (Revisi 2011), Standards ("SFAS") No. 101 (Revised 2011),
“Penyajian Laporan Keuangan Syariah”, PSAK “Presentation of Sharia Financial Statements”,
No. 102, “Akuntansi Murabahah”, PSAK SFAS No. 102,“Murabahah Accounting”, SFAS
No. 104, “Akuntansi Istishna”, PSAK No. 105, No. 104, “Istishna Accounting”, SFAS No. 105,
“Akuntansi Mudharabah”, PSAK No. 106, “Mudharabah Accounting”, SFAS No. 106,
“Akuntansi Musyarakah”, PSAK No. 107 “Musyarakah Accounting”, SFA No. 107 “Ijarah
“Akuntansi Ijarah”, PSAK No.110 “Akuntansi Accounting”, SFAS No. 110 “Sukuk
Sukuk”, menggantikan PSAK Accounting”, which superseded SFAS No. 59,
No. 59 tentang “Akuntansi Perbankan Syariah” “Accounting for Sharia Bank”, in relation to the
yang berhubungan dengan pengakuan, recognition, measurement, presentation and
pengukuran, penyajian dan pengungkapan disclosures of the above-mentioned topics and
terhadap topik-topik tersebut atau Pedoman Indonesia Sharia Banking Accounting
Akuntansi Perbankan Syariah Indonesia Guidelines (PAPSI) issued by Bank Indonesia
(PAPSI) yang dikeluarkan oleh Bank Indonesia and the Indonesian Institute of Accountants
dan Ikatan Akuntan Indonesia (IAI). (IAI).
Laporan keuangan telah disajikan berdasarkan The financial statements have been prepared
nilai historis, kecuali disebutkan lain dan on a historical cost basis, unless otherwise
disusun dengan dasar akrual (kecuali laporan stated, and under the accrual basis of
arus kas, pendapatan dari istishna dan bagi accounting (except for statements of cash
hasil dari pembiayaan mudharabah dan flows, revenue from istishna and profit sharing
musyarakah). for mudharabah and musyarakah financing).
26


(lanjutan) Statements (continued)
Pernyataan Kepatuhan (lanjutan) Statement of Compliance (continued)
Laporan arus kas disusun menggunakan The statements of cash flows have been
metode langsung yang dimodifikasi dan arus prepared using the modified direct method and
kas dikelompokkan atas dasar aktivitas the cash flows have been classified on the
operasi, investasi dan pendanaan. Kas dan basis of operating, investing and financing
setara kas terdiri dari kas, giro pada Bank activities. Cash and cash equivalents consists
Indonesia dan giro pada bank lain, of cash, current accounts with Bank Indonesia
penempatan pada Bank Indonesia dan bank and current accounts with other banks,
lain dan Sertifikat Bank Indonesia, yang jatuh placements with Bank Indonesia and other
tempo dalam waktu 3 (tiga) bulan sejak tanggal banks and Bank Indonesia Certificates
perolehan, sepanjang tidak digunakan sebagai maturing within 3 (three) months or less from
jaminan atas pinjaman yang diterima serta the acquisition date provided they are not
tidak dibatasi penggunaannya. used as collateral for borrowings nor
restricted.
Mata uang penyajian yang digunakan dalam The presentations currency used in the
laporan keuangan adalah Rupiah, yang financial statement is the Indonesian Rupiah,
merupakan mata uang fungsional. Angka- which is the Bank’s functional currency. Unless
angka yang disajikan dalam laporan keuangan, otherwise stated, all figures presented in the
kecuali bila dinyatakan secara khusus, adalah financial statement are rounded off to millions
dibulatkan dalam jutaan Rupiah. of Rupiah.
b. Kuasi-Reorganisasi b. Quasi-Reorganization
Berdasarkan PSAK No. 51 (Revisi 2003) Based on SFAS No. 51 (Revised 2003),
tentang ”Akuntansi Kuasi-Reorganisasi”, kuasi- “Accounting for Quasi-Reorganization”, a
reorganisasi merupakan prosedur akuntansi quasi-reorganization is an accounting
yang mengatur perusahaan merestrukturisasi procedure that enables a company to
ekuitasnya dengan menghilangkan defisit dan restructure its equity by eliminating its deficit
menilai kembali seluruh aset dan liabilitasnya and revaluing all its assets and liabilities based
berdasarkan nilai wajar. Dengan kuasi- on their fair values. Under a quasi-
reorganisasi, perusahaan mendapatkan awal reorganization, a company will have a fresh
yang baik (fresh start) dengan laporan posisi start with its statement of financial position
keuangan yang menunjukkan nilai sekarang showing figures that represent present values
dan tanpa dibebani defisit karena defisit and without the burden of a deficit because the
dieliminasikan menjadi nihil. deficit has been eliminated.
Estimasi nilai wajar aset dan liabilitas dalam The fair value estimate for assets and liabilities
rangka kuasi-reorganisasi ditentukan under a quasi-reorganization is determined
berdasarkan informasi terbaik sesuai dengan based on the best available information
karakteristik aset dan liabilitas yang according to the characteristics of the related
bersangkutan atau nilai pasar aset dan assets and liabilities or the market value for the
liabilitas yang bersangkutan. Apabila nilai related assets and liabilities. If the market
pasar tidak tersedia, estimasi nilai wajar value is not available, the fair value estimation
dilakukan dengan mempertimbangkan harga is conducted by considering the value of
aset sejenis, estimasi nilai sekarang atau arus similar assets, present value estimation, or
kas yang didiskontokan. Untuk aset dan discounted cash flows. For certain assets and
liabilitas tertentu, penilaian dilakukan sesuai liabilities, the valuation is conducted according
PSAK terkait. to the related SFAS.
27

c. Transaksi dengan pihak-pihak berelasi c. Transactions with related parties
Dalam menjalankan usahanya, Bank In the normal course of its business, the Bank
melakukan transaksi dengan pihak-pihak enters into transactions with related parties
berelasi seperti yang didefinisikan dalam which are defined under SFAS No. 7 (Revised
PSAK No. 7 (Revisi 2010) tentang 2010), “Related Party Disclosures”.
“Pengungkapan Pihak-pihak Berelasi”.
Bank menerapkan perubahan PSAK No. 7 The Bank adopted the changes in SFAS No. 7
(Revisi 2010), “Pengungkapan Pihak-pihak (Revised 2010), "Related Party Disclosures".
Berelasi”. PSAK revisi ini mensyaratkan This revised SFAS requires disclosure of
pengungkapan hubungan, transaksi dan saldo relationships, transactions and balances of
pihak-pihak berelasi, termasuk komitmen, related parties, including commitments in the
dalam laporan keuangan Bank. Bank’s financial statement.
Penerapan PSAK yang direvisi tersebut The implementation of the revised SFAS has
memberikan pengaruh terhadap an impact on the relevant disclosures in the
pengungkapan terkait dalam laporan keuangan Bank’s financial statement.
Bank.
Suatu pihak dianggap berelasi dengan Bank The Bank considers the following as its related
jika: parties:
a) Suatu pihak yang secara langsung, atau a) a person who, directly or indirectly through
tidak langsung yang melalui satu atau one or more intermediaries, (i) controls, or
lebih perantara, suatu pihak is controlled by, or under common control
(i) mengendalikan, atau dikendalikan oleh, with the Bank, (ii) has significant influence
atau berada di bawah pengendalian over the Bank or (iii) has joint control over
bersama, dengan Bank; (ii) memiliki the Bank;
pengaruh signifikan atas Bank; atau (iii)
memiliki pengendalian bersama atas
Bank;
b) suatu pihak yang berada dalam kelompok b) an entity which is a member of the same
usaha yang sama dengan Bank; group as the Bank;
c) suatu pihak yang merupakan ventura c) an entity which is a joint venture of a third
bersama di mana Bank sebagai venturer; party in which the Bank has ventured in;
d) suatu pihak adalah anggota dari personil d) a member of key management personnel
manajemen kunci Bank; of the Bank;
e) suatu pihak adalah anggota keluarga e) a close family member of the person
dekat dari individu yang diuraikan dalam described in clause (a) or (d);
butir (a) atau (d);
f) suatu pihak adalah entitas yang f) an entity that is controlled, jointly
dikendalikan, dikendalikan bersama atau controlled or significantly influenced,
dipengaruhi signifikan oleh beberapa directly or indirectly by the person
entitas, langsung maupun tidak langsung, described in clause (d) or (e);
individu seperti diuraikan dalam butir (d)
atau (e);
g) suatu pihak adalah suatu program imbalan g) an entity which is a post-employment
pasca kerja untuk imbalan kerja dari Bank benefit plan for the benefit of employees
atau entitas terkait Bank. of either the Bank or an entity related to
the Bank.
28

c. Transaksi dengan pihak-pihak berelasi c. Transactions with related parties

(lanjutan) (continued)
Transaksi ini dilakukan berdasarkan Transactions with related parties are made on
persyaratan yang disetujui oleh kedua belah terms agreed by both parties, where such
pihak, dimana persyaratan tersebut mungkin requirements may not be the same as other
tidak sama dengan transaksi lain yang transactions undertaken with third parties.
dilakukan dengan pihak-pihak yang tidak Material transactions and balances with
berelasi. Seluruh transaksi dan saldo yang related parties are disclosed in the notes to
material dengan pihak-pihak berelasi the financial statement and the relevant
diungkapkan dalam catatan atas laporan details have been presented in Note 40 of the
keuangan yang relevan dan rinciannya telah financial statements. Furthermore, the
disajikan dalam Catatan 40 atas laporan material balances and transactions between
keuangan. Selanjutnya, saldo dan transaksi the Bank and the State Government of the
yang material antara Bank dengan Pemerintah Republic of Indonesia (RI) and entities related
Negara Republik Indonesia (RI) dan entitas to the State Government of the RI are also
lain yang berelasi dengan Pemerintah Negara disclosed in Note 40.
RI diungkapkan juga pada Catatan 40 tersebut.
d. Aset keuangan dan liabilitas keuangan d. Financial assets and liabilities
Bank menerapkan PSAK No. 50 (Revisi 2010), The Bank adopted SFAS No. 50 (Revised
“Instrumen Keuangan: Penyajian”, PSAK 2010), “Financial Instruments: Presentation”,
No. 55 (Revisi 2011), “Instrumen Keuangan: SFAS No. 55 (Revised 2011), “Financial
Pengakuan dan Pengukuran”, dan PSAK Instruments: Recognition and Measurement”,
No. 60, “Instrumen Keuangan: and SFAS No. 60, “Financial Instruments:
Pengungkapan”, menggantikan PSAK No. 50 Disclosures”, which superseded SFAS No. 50
(Revisi 2006), “Instrumen Keuangan: (Revised 2006), “Financial Instruments:
Penyajian dan Pengungkapan”, dan PSAK Presentation and Disclosures”, and SFAS
No. 55 (Revisi 2006), “Instrumen Keuangan: No. 55 (Revised 2006), “Financial Instruments:
Pengakuan dan Pengukuran”. Recognition and Measurement”.
PSAK No. 50 (Revisi 2010), berisi persyaratan SFAS No. 50 (Revised 2010) contains the
penyajian dari instrumen keuangan dan requirements for the presentation of financial
pengidentifikasian informasi yang harus instruments and identifies the information that
diungkapkan. Persyaratan penyajian tersebut should be disclosed. The presentation
diterapkan terhadap klasifikasi instrumen requirements apply to the classification of
keuangan, dari perspektif penerbit, dalam aset financial instruments, from the perspective of
keuangan, kewajiban keuangan dan instrumen the issuer, into financial assets, financial
ekuitas; pengklasifikasian yang terkait dengan liabilities and equity instruments; the
suku bunga, dividen, kerugian dan classification of related interest, dividends,
keuntungan, dan keadaan dimana aset losses and gains; and the circumstances in
keuangan dan kewajiban keuangan akan which financial assets and financial liabilities
saling hapus. PSAK ini mensyaratkan should be offset. This SFAS requires the
pengungkapan, antara lain, informasi disclosure of, among others, information about
mengenai faktor yang mempengaruhi jumlah, factors that affect the amount, timing and
waktu dan tingkat kepastian arus kas masa certainty of an entity’s future cash flows
depan suatu entitas terkait dengan instrumen relating to financial instruments and the
keuangan dan kebijakan akuntansi yang accounting policies applied to those
diterapkan untuk instrumen tersebut. instruments.
29

d. Aset keuangan dan liabilitas keuangan d. Financial assets and liabilities (continued)
(lanjutan)
PSAK No. 55 (Revisi 2011) menetapkan SFAS No. 55 (Revised 2011) establishes the
prinsip untuk pengakuan dan pengukuran aset principles for recognizing and measuring
keuangan, kewajiban keuangan dan kontrak financial assets, financial liabilities and some
pembelian atau penjualan item-item non- contracts to buy or sell non-financial items.
keuangan. PSAK ini memberikan definisi dan This SFAS provides the definitions and
karakteristik derivatif, kategori-kategori dari characteristics of derivatives, the categories of
masing-masing instrumen keuangan, financial instruments, recognition and
pengakuan dan pengukuran, akuntansi lindung measurement, hedge accounting and
nilai dan penetapan dari hubungan lindung determination of hedging relationships.
nilai.
PSAK No. 60 mensyaratkan pengungkapan SFAS No. 60 requires disclosures of

signifikansi atas masing-masing instrumen significance of financial instruments for
keuangan untuk posisi keuangan dan kinerja, financial position and performance; and the
serta sifat dan tingkat risiko yang timbul dari nature and extent of risks arising from financial
instrumen keuangan yang dihadapi Bank instruments to which the Bank is exposed
selama periode berjalan dan pada akhir during the period and at the end of the
periode pelaporan, dan bagaimana reporting period, and how the entity manages
perusahaan mengelola risiko tersebut. those risks.
Penerapan PSAK baru dan yang telah direvisi The adoption of these new and revised SFAS
ini memiliki dampak signifikan terhadap has significant impact on disclosures in the
pengungkapan dalam laporan keuangan. financial statement.
Aset keuangan Bank terdiri dari kas, giro pada The Bank’s financial assets consist of cash,
Bank Indonesia, giro pada bank lain, current accounts with Bank Indonesia, current
penempatan pada Bank Indonesia dan bank accounts with other banks, placements with
lain, efek-efek, obligasi Pemerintah, kredit Bank Indonesia and other banks, securities,
yang diberikan dan piutang syariah, bunga Government bonds, loans and sharia
yang masih akan diterima dan aset lain-lain financing/receivables, interest receivable and
(tagihan kepada pihak ketiga). other assets (third party receivables).
Liabilitas keuangan Bank terdiri dari liabilitas The Bank’s financial liabilities consist of
segera, simpanan dari nasabah, simpanan dari current liabilities, deposits from customers,
bank lain, surat-surat berharga yang deposits from other banks, securities issued,
diterbitkan, pinjaman yang diterima, efek-efek fund borrowings, securities sold under
yang dijual dengan janji dibeli kembali, bunga repurchase agreements, interest payable and
yang masih harus dibayar dan liabilitas lain-lain other liabilities (guarantee deposits and
(setoran jaminan dan dana jaminan developers’ security deposits).
pengembang).
(i) Klasifikasi (i) Classification

Bank mengklasifikasi aset keuangannya The Bank classifies its financial assets in
berdasarkan kategori sebagai berikut pada the following categories at initial
saat pengakuan awal: recognition:
· Aset keuangan yang diukur pada nilai · Financial assets at fair value through
wajar melalui laba rugi, yang memiliki profit or loss, which have two sub-
dua sub-klasifikasi, yaitu aset classifications, i.e. financial assets
keuangan yang ditetapkan demikian designated as such upon initial
pada saat pengakuan awal dan aset recognition and financial assets
keuangan yang diklasifikasi dalam classified as held-for-trading;
kelompok yang diperdagangkan;
· Kredit yang diberikan dan piutang; · Loans and receivables;
· Investasi dalam kelompok dimiliki · Held-to-maturity investments;
hingga jatuh tempo;
· Investasi tersedia untuk dijual · Available-for-sale investments.
30

(lanjutan)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Liabilitas keuangan diklasifikasikan ke Financial liabilities are classified into the

dalam kategori sebagai berikut pada saat following categories at initial recognition:
pengakuan awal:
· Liabilitas keuangan yang diukur pada · Financial liabilities at fair value
nilai wajar melalui laba rugi, yang through profit or loss, which have two
memiliki dua sub-klasifikasi, yaitu sub-classifications, i.e. those
liabilitas keuangan yang ditetapkan designated as such upon initial
demikian pada saat pengakuan awal recognition and those classified as
dan liabilitas keuangan yang telah held-for-trading;
diklasifikasikan dalam kelompok
diperdagangkan;
· Liabilitas keuangan lainnya. · Other financial liabilities.
Kelompok aset dan liabilitas yang diukur The sub-classification of financial assets
pada nilai wajar melalui laba rugi terdiri and liabilities at fair value through profit or
dari aset dan liabilitas keuangan yang loss consists of financial assets and
diperoleh atau dimiliki Bank terutama liabilities that the Bank acquires or incurs
untuk tujuan dijual atau dibeli kembali principally for the purpose of selling or
dalam waktu dekat, atau dimiliki sebagai repurchasing in the near term, or holds as
bagian dari portofolio instrumen keuangan part of a financial instrument portfolio that
tertentu yang dikelola bersama untuk is managed together for short-term profit
memperoleh laba jangka pendek atau or position taking.
position taking.
Derivatif juga dikategorikan dalam Derivatives are also categorised under
kelompok ini, kecuali derivatif yang this sub-classification unless they are
ditetapkan sebagai instrumen lindung nilai designated as effective hedging
efektif. Aset dan liabilitas dalam kelompok instruments. Assets and liabilities
ini dicatat pada nilai wajar dalam laporan classified under this category are carried
posisi keuangan dengan keuntungan atau at fair value in the statement of financial
kerugian diakui pada laporan laba rugi position, with any gains or losses being
komprehensif. recognized in the statement of
comprehensive income.
Kredit yang diberikan dan piutang adalah Loans and receivables are non-derivative
aset keuangan non-derivatif dengan financial assets with fixed or determinable
pembayaran tetap atau telah ditentukan payments and are not quoted in an active
dan tidak mempunyai kuotasi di pasar market, except:
aktif, kecuali:
· yang dimaksudkan oleh untuk dijual · those that the Bank intends to sell
segera dalam waktu dekat, yang immediately or in the short term,
diklasifikasikan dalam kelompok which are classified as held-for-
diperdagangkan, serta yang pada saat trading, and those that the Bank upon
pengakuan awal ditetapkan diukur initial recognition designates at fair
pada nilai wajar melalui laba rugi; value through profit or loss;
· yang pada saat pengakuan awal · those that upon initial recognition are
ditetapkan dalam kelompok investasi designated as available-for-sale
tersedia untuk dijual; atau investments; or
· dalam hal Bank tidak akan · those for which the Bank may not
memperoleh kembali seluruh investasi recover substantially all of its initial
awal kecuali yang disebabkan oleh investment, other than because of
penurunan kualitas kredit yang loans and receivable deterioration,
diberikan dan piutang, yang which are classified as available-for-
diklasifikasikan dalam kelompok sale.
tersedia untuk dijual.
31

(lanjutan)
(i) Klasifikasi (lanjutan) (i) Classification (continued)
Investasi dalam kategori dimiliki hingga Held-to-maturity investments consist of

jatuh tempo adalah aset keuangan non- quoted non-derivative financial assets
derivatif yang dapat dikuotasikan dengan with fixed or determinable payments and
pembayaran tetap atau telah ditentukan fixed maturity which the Bank has the
dan jatuh temponya telah ditetapkan positive intention and ability to hold until
dimana Bank mempunyai intensi positif maturity. Investments intended to be held
dan kemampuan untuk memiliki aset for an undetermined period of time are
keuangan tersebut hingga jatuh tempo. not included in this classification.
Investasi yang dimiliki untuk periode yang
tidak dapat ditentukan tidak dikategorikan
dalam klasifikasi ini.
Kategori tersedia untuk dijual terdiri dari The available-for-sale category consists
aset keuangan non-derivatif yang of non-derivative financial assets that are
ditetapkan sebagai tersedia untuk dijual designated as available-for-sale or are
atau yang tidak dikelompokkan ke dalam not classified in one of the other
salah satu kategori aset keuangan lainnya. categories of financial assets. After initial
Setelah pengukuran awal, investasi recognition,available-for-sale investments
tersedia untuk dijual diukur menggunakan are measured at fair value with gains or
nilai wajar dengan laba atau rugi yang losses being recognized in equity until the
diakui sebagai bagian dari ekuitas sampai investment is derecognized or until the
dengan investasi dihentikan investment is determined to be impaired
pengakuannya atau sampai investasi at which time the cumulative gains or
dinyatakan mengalami penurunan nilai losses previously reported in equity is
dimana akumulasi laba atau rugi included in the statements of
sebelumnya dilaporkan dalam ekuitas comprehensive income.
dilaporkan dalam laporan laba rugi
komprehensif.
Hasil efektif dan (bila dapat diaplikasikan) The effective yield and (where applicable)
hasil dari nilai tukar dinyatakan kembali results of foreign exchange restatement
untuk investasi tersedia dijual dan for available-for-sale investments are
dilaporkan pada laporan laba rugi reported in the statement of
komprehensif. comprehensive income.
Liabilitas keuangan lainnya merupakan Other financial liabilities represent

liabilitas keuangan yang tidak dimiliki financial liabilities that are neither held for
untuk dijual atau ditentukan sebagai nilai trading nor designated at fair value
wajar melalui laporan laba rugi saat through profit or loss upon the recognition
pengakuan liabilitas. of the liability.
(ii) Pengakuan awal (ii) Initial recognition
a. Pembelian atau penjualan aset a. Purchases or sales of financial assets

keuangan yang memerlukan that require delivery of assets within
penyerahan aset dalam kurun waktu a time frame established by
yang telah ditetapkan oleh peraturan regulation or convention in the
dan kebiasaan yang berlaku di pasar market place (regular way
(pembelian secara reguler) diakui purchases) are recognized on the
pada tanggal penyelesaian. settlement date.
32

(lanjutan)
(ii) Pengakuan awal (lanjutan) (ii) Initial recognition (continued)
b. Aset keuangan dan liabilitas b. Financial assets and liabilities are

keuangan pada awalnya diukur pada initially recognised at fair value plus,
nilai wajarnya. Dalam hal aset for those financial assets not at fair
keuangan atau liabilitas keuangan value through profit or loss, directly
tidak diukur pada nilai wajar melalui attributable transaction costs. The
laba rugi, nilai wajar tersebut subsequent measurement of financial
ditambah biaya transaksi yang dapat assets and liabilities depends on their
diatribusikan secara langsung. classification.
Pengukuran aset keuangan dan
liabilitas keuangan setelah
pengakuan awal tergantung pada
klasifikasinya.
Bank, pada pengakuan awal, dapat The Bank, upon initial recognition, may
menetapkan aset keuangan dan liabilitas designate certain financial assets and
keuangan tertentu sebagai nilai wajar liabilities, at fair value through profit or
melalui laba rugi (opsi nilai wajar). Opsi loss (fair value option). The fair value
nilai wajar dapat digunakan hanya bila option is only applied when the following
memenuhi ketetapan sebagai berikut: conditions are met:
· penetapan sebagai opsi nilai wajar · the application of the fair value option
mengurangi atau mengeliminasi reduces or eliminates an accounting
ketidak-konsistenan pengukuran dan mismatch that would otherwise arise;
pengakuan (accounting mismatch) or
yang dapat timbul; atau
· aset keuangan dan liabilitas keuangan · the financial assets and liabilities are
merupakan bagian dari portofolio part of a portfolio of financial
instrumen keuangan yang risikonya instruments, the risks of which are
dikelola dan dilaporkan kepada managed and reported to key
manajemen kunci berdasarkan nilai management on a fair value basis; or
wajar; atau
· aset keuangan dan liabilitas keuangan · the financial assets and liabilities
terdiri dari kontrak utama dan derivatif consist of a host contract and an
melekat yang harus dipisahkan. embedded derivative that must be
bifurcated.
(iii) Pengukuran setelah pengakuan awal (iii) Subsequent measurement
a. Aset keuangan dalam kelompok a. Available-for-sale financial assets and

tersedia untuk dijual dan aset financial assets and liabilities
keuangan dan liabilitas keuangan measured at fair value through profit
yang diukur pada nilai wajar melalui or loss are subsequently measured at
laporan laba rugi diukur pada nilai fair value.
wajarnya.
b. Kredit yang diberikan dan piutang b. Loans and receivables and held-to-
serta investasi dimiliki hingga jatuh maturity investments and other
tempo dan liabilitas keuangan yang financial liabilities are measured at
diukur pada biaya perolehan amortized cost using the effective
diamortisasi dengan menggunakan interest method.
metode suku bunga efektif.
33

(lanjutan)
(iv) Penghentian pengakuan (iv) Derecognition
a. Aset keuangan dihentikan a. Financial assets are derecognized
pengakuannya jika: when:
- Hak kontraktual atas arus kas - The contractual rights to receive
yang berasal dari aset keuangan cash flows from the financial
tersebut berakhir; atau assets have expired; or
- Bank telah mentransfer hak-nya - The Bank has transferred its rights
untuk menerima arus kas yang to receive cash flows from the
berasal dari aset keuangan atau financial assets or has assumed
menanggung kewajiban untuk an obligation to pay the cash flows
membayarkan arus kas yang in full without material delay to a
diterima tersebut secara penuh third party under a ‘pass through
tanpa penundaan berarti kepada arrangement’; and
pihak ketiga di bawah
kesepakatan pelepasan (pass
through arrangement); dan
- (a) Bank telah mentransfer secara - Either (a) the Bank has transferred
substansial seluruh risiko dan substantially all the risks and
manfaat atas aset, atau (b) Bank rewards of the asset, or (b) the
tidak mentransfer maupun tidak Bank has neither transferred nor
memiliki secara substansial retained substantially all the risks
seluruh risiko dan manfaat atas and rewards of the asset, but has
aset, namun telah mentransfer transferred the control of the
pengendalian atas aset. asset.
Ketika Bank telah mentransfer hak When the Bank has transferred its
untuk menerima arus kas dari rights to receive cash flows from an
aset atau di bawah kesepakatan asset or has entered into a “pass
pelepasan (pass through arrangement), through arrangement”, and has
dan tidak mentransfer serta tidak neither transferred nor retained
memiliki secara substansial seluruh substantially all the risks and rewards
risiko dan manfaat atas aset atau tidak of the asset nor transferred control of
mentransfer kendali atas aset, aset the asset, the asset is recognized to
diakui sebesar keterlibatan Bank yang the extent of the Bank’s continuing
berkelanjutan atas aset tersebut. involvement in the asset.
Kredit yang diberikan atau aset Loans or other financial assets are
keuangan lain dihapusbukukan ketika written off when there is no realistic
tidak terdapat prospek yang realistis prospect of collection in the near
mengenai pengembalian kredit dalam future or the normal relationship
waktu dekat atau hubungan normal between the Bank and the borrowers
antara Bank dan debitur telah berakhir. has ceased to exist. When a loan is
Kredit yang tidak dapat dilunasi deemed uncollectible, it is written off
dihapusbukukan dengan mendebit against the related allowance for
cadangan kerugian penurunan nilai. impairment losses. Subsequent
Penerimaan kemudian atas kredit yang recoveries from loans previously
telah dihapusbukukan sebelumnya, jika written off, are added to the allowance
pada periode berjalan dikreditkan ke for impairment losses account in the
dalam akun cadangan kerugian statements of financial position, if
penurunan nilai atas kredit yang recovered in the current year and are
diberikan di laporan posisi keuangan, recognized in the statements of
sedangkan jika setelah tanggal laporan comprehensive income as other
posisi keuangan dikreditkan sebagai operating income, if recovered after
pendapatan operasional lainnya dalam the statement of financial position
laporan laba rugi komprehensif. dates.
34

(lanjutan)
(iv) Penghentian pengakuan (lanjutan) (v) Derecognition (continued)
b. Liabilitas keuangan dihentikan b. Financial liabilities are derecognized

pengakuannya jika liabilitas keuangan when they are extinguished, i.e.
tersebut berakhir, yaitu ketika liabilities stated in the contract are
kewajiban yang ditetapkan dalam discharged, cancelled or expired.
kontrak dilepaskan atau dibatalkan
atau kadaluwarsa.
Jika suatu liabilitas keuangan yang Where an existing financial liability is
ada digantikan dengan yang lain oleh replaced by another from the same
pemberi pinjaman yang sama pada lender on substantially different terms,
keadaan yang secara substansial or the terms of an existing liability are
berbeda, atau berdasarkan suatu substantially modified, such an
liabilitas yang ada yang secara exchange or modification is treated as
substansial telah diubah, seperti derecognition of the original liability
pertukaran atau modifikasi yang and the recognition of a new liability,
diperlakukan sebagai penghentian and the difference in the respective
pengakuan liabilitas awal dan carrying amounts is recognised in the
pengakuan liabilitas baru dan statements of comprehensive income.
perbedaan nilai tercatat masing-
masing diakui dalam laporan laba rugi
komprehensif.
(v) Pengakuan pendapatan dan beban (v) Income and expense recognition
a. Pendapatan dan beban bunga atas a. Interest income and expense on
aset tersedia untuk dijual serta aset available-for-sale assets and financial
keuangan dan liabilitas keuangan assets and liabilities measured at
yang dicatat berdasarkan biaya amortized cost are recognised in the
perolehan diamortisasi diakui pada statements of comprehensive income
laporan laba rugi komprehensif using the effective interest method.
dengan menggunakan metode suku
bunga efektif.
b. Keuntungan dan kerugian yang belum b. Unrealized gains and losses arising
terealisasi yang timbul dari perubahan from changes in the fair value of the
nilai wajar aset keuangan dan financial assets and liabilities
liabilitas keuangan yang diukur pada measured at fair value through profit
nilai wajar melalui laporan laba rugi or loss are included in the statements
diakui pada laporan laba rugi of comprehensive income.
komprehensif.
Keuntungan dan kerugian yang belum Unrealized gains and losses arising
direalisasi yang timbul dari perubahan from changes in fair value of
nilai wajar aset keuangan yang available-for-sale financial assets
diklasifikasikan dalam kelompok other than foreign exchange gains
tersedia untuk dijual, kecuali and losses are recognized, net of tax,
keuntungan dan kerugian nilai tukar in equity, until the financial assets are
diakui secara langsung dalam laba derecognized or impaired. When a
setelah pajak dalam ekuitas, sampai financial asset is derecognized or
aset keuangan tersebut dihentikan impaired, the cumulative gains or
pengakuannya atau adanya losses previously recognized in equity
penurunan nilai. Pada saat aset is recognized in the statements of
keuangan dihentikan pengakuannya comprehensive income.
atau mengalami penurunan nilai,
keuntungan atau kerugian kumulatif
yang sebelumnya diakui dalam
ekuitas harus diakui pada laporan
laba rugi komprehensif.
35

(lanjutan)
(vi) Reklasifikasi aset keuangan (vi) Reclassification of financial assets
Suatu aset keuangan direklasifikasi dari A financial asset is reclassified out of the
kategori nilai wajar melalui laba rugi jika fair value through profit or loss category
memenuhi kondisi berikut: when the following conditions are met:
- aset keuangan tersebut tidak dimiliki - the financial asset is no longer held
untuk tujuan dijual atau dibeli kembali for the purpose of selling or
dalam waktu dekat; dan repurchasing it in the near term; and
- terdapat kondisi yang jarang terjadi - there is a rare circumstance
Bank tidak boleh mengklasifikasikan aset The Bank cannot classify financial assets
keuangan sebagai investasi dimiliki as held-to-maturity investments, if the
hingga jatuh tempo, jika dalam tahun Bank during the current year or in the two
berjalan atau dalam kurun waktu dua preceeding years, sold or reclassified
tahun sebelumnya, telah menjual atau more than an insignificant amount of
mereklasifikasi investasi dimiliki hingga held-to-maturity investments before
jatuh tempo dalam jumlah yang lebih dari maturity (more than an insignificant
jumlah yang tidak signifikan sebelum amount in relation to the total amount of
jatuh tempo (lebih dari jumlah yang tidak held-to-maturity investments), other than
signifikan dibandingkan dengan jumlah sales or reclassifications that:
nilai investasi dimiliki hingga jatuh
tempo), kecuali penjualan atau
reklasifikasi tersebut dimana:
a. dilakukan ketika aset keuangan sudah a. are so close to maturity or repurchase

mendekati jatuh tempo atau tanggal date that changes in the market rate
pembelian kembali di mana of interest would not have a significant
perubahan suku bunga tidak akan effect on the financial assets’ fair
berpengaruh secara signifikan value;
terhadap nilai wajar aset keuangan
tersebut;
b. terjadi setelah Bank telah b. occur after the Bank has collected
memperoleh secara substansial substantially all of the original
seluruh jumlah pokok aset keuangan principal of the financial assets
tersebut sesuai jadwal pembayaran through scheduled payments or
atau Bank telah memperoleh prepayments; or
pelunasan dipercepat; atau
c. terkait dengan kejadian tertentu yang c. are attributable to an isolated event,

berada di luar kendali Bank, tidak that is beyond the Bank’s control, is
berulang, dan tidak dapat diantisipasi non-recurring, and could not have
secara wajar oleh Bank. been reasonably anticipated by the
Bank.
Reklasifikasi aset keuangan dari Reclassification of financial assets from
kelompok dimiliki hingga jatuh tempo ke held-to-maturity to available-for-sale
kelompok tersedia untuk dijual dicatat category is recorded at fair value.
sebesar nilai wajarnya. Keuntungan atau Unrealized gains or losses are reported in
kerugian yang belum direalisasi tetap equity and are amortized using effective
dilaporkan dalam ekuitas dan interest method over the remaining life of
diamortisasi menggunakan metode suku the financial assets.
bunga efektif selama sisa umur aset
keuangan tersebut.
36

(lanjutan)
(vii) Saling hapus (vii) Offsetting
Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset
dilakukan saling hapus dan nilai and the net amount is presented in the
bersihnya disajikan dalam laporan posisi statements of financial position when, and
keuangan jika, dan hanya jika Bank only when, the Bank has a legal right to
memiliki hak yang berkekuatan hukum offset the amounts and intends either to
untuk melakukan saling hapus atas settle on a net basis or to realize the
jumlah yang telah diakui tersebut dan asset and settle the liability
adanya maksud untuk menyelesaikan simultaneously.
secara neto atau untuk merealisasikan
aset dan menyelesaikan liabilitasnya
secara simultan.
Pendapatan dan beban disajikan dalam Income and expenses are presented on a
jumlah bersih hanya jika diperkenankan net basis only when permitted by the
oleh standar akuntansi. accounting standards.
(viii) Pengukuran nilai wajar (viii) Fair value measurement

Nilai wajar adalah nilai dimana suatu aset Fair value is the amount for which an
dapat dipertukarkan, atau suatu liabilitas asset could be exchanged, or a liability
dapat diselesaikan, diantara para pihak settled, between knowledgeable and
yang memahami dan berkeinginan untuk willing parties in an arm’s length
melakukan transaksi yang wajar pada transaction on the measurement date,
tanggal pengukuran, termasuk including the market value from the
didalamnya adalah nilai pasar dari Interdealer Market Association (IDMA) or
Interdealer Market Association (IDMA) the price given by brokers (quoted price)
atau harga yang diberikan oleh broker from Bloomberg or Reuters on the
(quoted price) dari Bloomberg atau measurement date.
Reuters pada tanggal pengukuran.
Jika tersedia, Bank mengukur nilai wajar When available, the Bank measures the
dari suatu instrumen dengan fair value of an instrument using quoted
menggunakan harga kuotasi di pasar aktif prices in an active market for that
untuk instrumen terkait. Suatu pasar instrument. A market is regarded as
dianggap aktif bila harga yang active if quoted prices are readily
dikuotasikan tersedia sewaktu-waktu dari available from the stock exchange,
bursa, pedagang efek (dealer), perantara dealer, broker, industry group, pricing
efek (broker), kelompok industri, badan service or regulating agency and
pengawas (pricing service or regulating represent actual and regularly occurring
agency) dan merupakan transaksi pasar market transactions on an arm’s length
aktual dan teratur terjadi yang dilakukan basis.
secara wajar.
Jika pasar untuk instrumen keuangan If a market for a financial instrument is not
tidak aktif, Bank menetapkan nilai wajar active, the Bank determines the fair value
dengan menggunakan teknik penilaian. using a valuation technique. Valuation
Teknik penilaian meliputi penggunaan techniques include using the recent arm’s
transaksi pasar terkini yang dilakukan length transactions between
secara wajar oleh pihak-pihak yang knowledgeable and willing parties (if
mengerti, berkeinginan (jika tersedia), available), reference to the current fair
referensi atas nilai wajar terkini dari value of other instruments that are
instrumen lain yang secara substansial substantially the same and discounted
serupa dan analisis arus kas yang cash flow analysis.
didiskonto.
37

(lanjutan)
(viii) Pengukuran nilai wajar (lanjutan) (viii) Fair value measurement (continued)
Kuotasi harga pasar yang sesuai bagi The appropriate quoted market price for
aset yang dimiliki atau liabilitas yang akan an asset held or liability to be issued is
diterbitkan biasanya sama dengan harga usually the current bid price and, for an
penawaran yang berlaku, sementara asset to be acquired or liability held, the
untuk aset yang akan diperoleh atau current offer or asking price. Where the
liabilitas yang dimiliki adalah harga Bank has asset and liability with
permintaannya. Jika Bank memiliki aset offsetting market risk, middle-market
dan liabilitas dimana risiko pasarnya prices can be used to measure the
saling hapus, nilai tengah dari pasar offsetting risk positions or bid or ask price
dapat digunakan sebagai dasar untuk adjustment is applied to the appropriate
menentukan nilai wajar posisi risiko yang net open positions as appropriate.
saling hapus tersebut dan penyesuaian
harga penawaran atau harga permintaan
diterapkan pada posisi terbuka atau neto
(net open position) yang sesuai.
(ix) Pengukuran biaya diamortisasi (ix) Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial asset or
keuangan atau liabilitas keuangan adalah liability is the amount at which the
jumlah aset keuangan atau liabilitas financial asset or liability is measured at
keuangan yang diukur pada saat initial recognition, minus principal
pengakuan awal dikurangi pembayaran repayments, plus or minus the
pokok pinjaman, ditambah atau dikurangi cumulative amortization using the
amortisasi kumulatif menggunakan effective interest method of any
metode suku bunga efektif yang dihitung difference between the initial amount
dari selisih antara nilai pengakuan awal recognized and the maturity amount,
dan nilai jatuh temponya, dan dikurangi minus any reduction for impairment.
penurunan nilai.
(x) Perbedaan 1 (satu) hari (x) Day 1 (one) difference
Pada saat nilai transaksi di pasar non- Where the transaction price in a non-
aktif berbeda dengan nilai wajar dari active market is different with the fair
transaksi pasar lainnya yang dapat value from other observable current
diobservasi saat ini atas instrumen yang market transactions in the same
sama atau berdasarkan teknik penilaian instrument or based on a valuation
yang hanya menggunakan variabel data technique whose variables include only
dari pasar yang dapat diobservasi, Bank data from observable market, the Bank
secara langsung mengakui perbedaan recognizes the difference between the
antara nilai transaksi dan nilai wajar transaction price and fair value (a ‘Day 1’
(Perbedaan 1 hari) dalam laporan laba difference) in the statements of
rugi komprehensif. Jika nilai wajar comprehensive income. In cases where
ditentukan berdasarkan data yang tidak the transaction price used is made of data
dapat diobservasi, maka perbedaan which is not observable, the difference
antara nilai transaksi dan nilai model between the transaction price and model
hanya dapat diakui pada laporan laba value is only recognized in the statements
rugi komprehensif pada saat data of comprehensive income when the inputs
menjadi dapat diobservasi atau pada saat become observable or when the
instrumen tersebut tidak diakui lagi. instrument is derecognized.
38

e. Cadangan kerugian penurunan nilai atas e. Allowance for impairment losses on

aset keuangan financial assets
Pada setiap tanggal laporan posisi keuangan, At each statements of financial position date
Bank mengevaluasi apakah terdapat bukti the Bank assesses whether there is objective
obyektif bahwa kredit yang diberikan dan evidence that the loans and receivable and
piutang dan investasi yang dimiliki hingga jatuh held-to-maturity investments are impaired.
tempo telah mengalami penurunan nilai. Kredit Loans and receivable and held-to-maturity
yang diberikan dan piutang dan investasi yang investments are impaired when there is
dimiliki hingga jatuh tempo mengalami objective evidence that a loss event has
penurunan nilai jika bukti obyektif occurred after the initial recognition of the
menunjukkan bahwa peristiwa yang merugikan asset, and that the loss event has an impact
telah terjadi setelah pengakuan awal aset on the future cash flows of the asset that can
keuangan, dan peristiwa tersebut berdampak be estimated reliably.
pada arus kas masa datang atas aset
keuangan yang dapat diestimasi secara
handal.
Kriteria yang digunakan oleh Bank untuk The criteria used by the Bank to determine
menentukan bukti obyektif dari penurunan nilai objective evidence of impairment are as
adalah sebagai berikut: follows:
a. kesulitan keuangan signifikan yang a. significant financial difficulties by the
dialami penerbit atau pihak peminjam; issuer or debtor;
b. pelanggaran kontrak, seperti terjadinya b. breach of contract, like defaults or
wanprestasi atau tunggakan pembayaran deferred principal or interest payments;
pokok atau bunga;
c. pihak pemberi pinjaman, dengan alasan c. the creditor, for economic or legal
ekonomi atau hukum sehubungan dengan reasons relating to the financial difficulties
kesulitan keuangan yang dialami pihak of the debtor, provides relief (concession)
peminjam, memberikan keringanan to the debtor that the creditor would not
(konsesi) pada pihak peminjam yang tidak otherwise consider;
mungkin diberikan jika pihak peminjam
tidak mengalami kesulitan tersebut;
d. terdapat kemungkinan bahwa pihak d. it becomes probable that the debtor will
peminjam akan dinyatakan pailit atau enter into bankruptcy or other financial
melakukan reorganisasi keuangan reorganization;
lainnya;
e. hilangnya pasar aktif dari aset keuangan e. the loss of an active market for that
akibat kesulitan keuangan; atau financial asset due to financial difficulties;
or
f. data yang dapat diobservasi f. observable data has indicated that there
mengindikasikan adanya penurunan yang is measurable decrease in the estimated
dapat diukur atas estimasi arus kas masa future cash flows of the financial assets
datang dari kelompok aset keuangan since the initial measurement, although
sejak pengakuan awal aset dimaksud, the decrease cannot be identified to the
meskipun penurunannya belum dapat individual financial assets in the portfolio,
diidentifikasi terhadap aset keuangan including:
secara individual dalam kelompok aset
tersebut, termasuk:
39


aset keuangan (lanjutan) financial assets (continued)
1. memburuknya status pembayaran 1. adverse changes in the payment

pihak peminjam dalam kelompok status of borrowers in the portfolio;
tersebut; dan and
2. kondisi ekonomi nasional atau lokal 2. national or local economic condition
yang berkorelasi dengan wanprestasi related to defaults on the assets in the
atas aset dalam kelompok tersebut. portfolio.
Estimasi periode antara terjadinya peristiwa The estimated period between the occurrence
dan teridentifikasinya kerugian ditentukan oleh of events and identification of loss are
manajemen untuk setiap portofolio yang determined by management for every
diidentifikasi. Pada umumnya, periode tersebut identified portfolio. Generally, the period
bervariasi antara 3 (tiga) dan 12 (dua belas) varies between 3 (three) and 12 (twelve)
bulan dan untuk kasus tertentu diperlukan months and for specific cases, it may need
periode yang lebih lama. longer period.
Bank pertama kali menentukan apakah The Bank first assesses whether objective
terdapat bukti obyektif penurunan nilai secara evidence of impairment exists individually for
individual atas aset keuangan yang signifikan financial assets that are individually significant,
secara individual atau kolektif untuk aset or collectively for financial assets that are not
keuangan yang tidak signifikan secara individually significant. If the Bank determines
individual. Jika Bank menentukan tidak that no objective evidence of impairment exists
terdapat bukti obyektif mengenai penurunan for an individually assessed financial asset,
nilai atas aset keuangan yang dinilai secara whether significant or not, it includes the asset
individual, terlepas aset keuangan tersebut in a group of financial assets with similar credit
signifikan atau tidak, maka Bank memasukkan risk characteristics and collectively assesses
aset tersebut ke dalam kelompok aset them for impairment.
keuangan yang memiliki karakteristik risiko
kredit yang serupa dan menilai penurunan nilai
kelompok tersebut secara kolektif.
Aset keuangan yang penurunan nilainya Accounts that are individually assessed for
dilakukan secara individual, dan untuk itu impairment and for which an impairment loss
kerugian penurunan nilai telah diakui atau is or continues to be recognized are not
tetap diakui, tidak termasuk dalam penilaian included in the collective assessment of
penurunan nilai secara kolektif. impairment.
Bank menetapkan kredit yang harus dievaluasi The Bank determines loans to be evaluated for
penurunan nilainya secara individual, jika impairment through individual evaluation if one
memenuhi salah satu kriteria di bawah ini: of the following criteria is met:
1. Kredit yang secara individual memiliki nilai 1. Loans which individually have significant
signifikan dan memiliki bukti obyektif value with objective evidence of
penurunan nilai; impairment;
2. Kredit yang direstrukturisasi yang secara 2. Restructured loans which individually have
individual memiliki nilai signifikan. significant value.
Berdasarkan kriteria diatas, Bank melakukan Based on the above criteria, the Bank
penilaian secara individual untuk: (a) Kredit performs individual assessment for: (a) Loans
yang diberikan dengan plafond sama dengan with credit limit equal to or greater than
atau lebih besar dari Rp5.000 dengan Rp5,000 with collectibility classification of
kolektibilitas kurang lancar, diragukan dan substandard, doubtful and loss; or (b)
macet; atau (b) Kredit yang diberikan dengan Restructured loans with credit limit equal to or
plafond sama dengan atau lebih besar dari greater than Rp5,000.
Rp5.000 yang direstrukturisasi.
40


Bank menetapkan kredit yang harus dievaluasi The Bank determines loans to be evaluated for
penurunan nilainya secara kolektif, jika impairment through collective evaluation if one
memenuhi salah satu kriteria di bawah ini: of the following criteria is met:
1. Kredit yang secara individual memiliki nilai 1. Loans which individually have significant
signifikan namun tidak memiliki bukti value with no objective evidence of
obyektif penurunan nilai; impairment;
2. Kredit yang secara individual memiliki nilai 2. Loans which individually have insignificant
tidak signifikan; value;
3. Kredit yang direstrukturisasi yang secara 3. Restructured loans which individually have
individual memiliki nilai tidak signifikan. insignificant value.
Berdasarkan kriteria di atas, penilaian secara Based on the above criteria, the Bank
kolektif dilakukan untuk: (a) Kredit yang performs collective assessment for: (a) Loans
diberikan dengan plafond sama dengan atau with credit limit equal to or greater than
lebih besar dari Rp5.000 dengan kolektibilitas Rp5,000 with collectibility classification of
lancar dan dalam perhatian khusus serta tidak current and special mention, and have never
direstrukturisasi; atau (b) Kredit yang diberikan been restructured; or (b) Loans with credit limit
dengan plafond dibawah Rp5.000. below Rp5,000.
Sebelum 1 Januari 2012, Bank menerapkan Prior to January 1, 2012, the Bank applies
Surat Edaran Bank Indonesia (SE-BI) Bank Indonesia Circular Letter
No. 11/33/DPNP tanggal 8 Desember 2009, (SE-BI) No. 11/33/DPNP dated December 8,
“Perubahan atas Surat Edaran No. 11/4/DPNP 2009, “The Amendment to the Bank Indonesia
tanggal 27 Januari 2009 tentang Pelaksanaan Circular Letter No. 11/4/DPNP dated
Pedoman Akuntansi Perbankan Indonesia January 27, 2009 on the Implementation of
(PAPI)” dalam menentukan penurunan nilai Accounting and Reporting Guidelines for the
secara kolektif. Surat Edaran Bank Indonesia Indonesian Banking Industry (PAPI)” in
tersebut memuat penyesuaian atas PAPI 2008 assessing collective impairment. The Bank
tentang ketentuan transisi atas estimasi Indonesia Circular Letter contains the
penurunan nilai kredit secara kolektif bagi bank amendment to PAPI 2008 regarding the
yang memenuhi syarat. transitional provision on estimation of
collective impairment of loans for eligible
banks.
Sesuai dengan lampiran Surat Edaran Bank In accordance with the Appendix to the Bank
Indonesia (SE-BI) No. 11/33/DPNP tanggal Indonesia Circular Letter (SE-BI)
8 Desember 2009, Bank menentukan No. 11/33/DPNP dated December 8, 2009,
cadangan kerugian penurunan nilai kredit the Bank determines the allowance for
secara kolektif dengan mengacu pada collective impairment losses of loans by
pembentukan cadangan umum dan cadangan referring to general allowance and specific
khusus sesuai dengan ketentuan Bank allowance in accordance with Bank Indonesia
Indonesia mengenai penilaian kualitas aset regulations regarding the assessment of
bank umum. Sesuai dengan SE-BI tersebut commercial banks’ asset quality. In
ketentuan transisi penurunan nilai atas kredit accordance with the aforementioned SE-BI,
secara kolektif dapat diterapkan paling lambat the transition rule for collective impairment
sampai dengan 31 Desember 2011. calculation on loans can be applied until
December 31, 2011.
Cadangan kolektif untuk kredit yang diberikan Collective allowance for loans and receivables
dan piutang yang dikelompokkan sebagai classified as special mention, substandard,
dalam perhatian khusus, kurang lancar, doubtful and loss is calculated after deducting
diragukan dan macet dihitung setelah the value of allowable collateral in accordance
dikurangi dengan nilai agunan yang with Bank Indonesia regulations. The
diperkenankan sesuai dengan ketentuan Bank calculation of allowance for impairment losses
Indonesia. Perhitungan cadangan kerugian is based on carrying amount (amortized cost).
penurunan nilai berdasarkan nilai tercatat
(biaya perolehan diamortisasi).
41


Bank dalam melakukan perhitungan cadangan In computing the allowance for impairment
kerugian penurunan nilai tidak losses, the Bank does not consider all the
memperhitungkan seluruh agunan yang ada existing collaterals because, among other
antara lain karena jangka waktu penilaian reasons, the appraisal date of such assets has
agunan yang dilakukan telah melampaui already exceeded the period prescribed by the
jangka waktu seperti yang telah ditentukan relevant Bank Indonesia regulation.
oleh Peraturan Bank Indonesia yang terkait.
Mulai 1 Januari 2012, perhitungan cadangan Starting January 1, 2012, the calculation of
kerugian penurunan nilai atas aset keuangan allowance for impairment losses on financial
yang dinilai secara kolektif berdasarkan assets are collectively evaluated on the basis
pengalaman kerugian yang lalu (historical loss of historical loss experience. Historical loss
experience). Historical loss experience experience is adjusted on the basis of current
disesuaikan menggunakan dasar data yang observable data to reflect the effects of current
dapat diobservasi untuk mencerminkan efek conditions affecting the Bank and to remove
dari kondisi saat ini terhadap Bank dan the effects of conditions in the historical period
menghilangkan efek dari masa lalu yang sudah that do not currently exist. Financial assets are
tidak berlaku saat ini. Aset keuangan grouped on the basis of similar credit risk
dikelompokan berdasarkan karakteristik risiko characteristics by considering the credit
kredit yang sama antara lain dengan segmentation and past due status of the
mempertimbangkan segmentasi kredit dan debtors, among others.
tunggakan debitur.
Bank menggunakan metode roll rate analisis The Bank uses the roll rate analysis method,
yang merupakan suatu metode analisis which is a statistical model analysis method to
statistik, untuk menilai cadangan kerugian collectively assess allowance for impairment
penurunan nilai atas kredit yang diberikan losses on loans. Under this method, the Bank
secara kolektif. Dengan metode ini, Bank uses 3 (three) years of historical data to
menggunakan data historis 3 (tiga) tahun compute for the Probability of Default (PD) and
dalam menghitung Probability of Default (PD) Loss Given Default (LGD).
dan Loss Given Default (LGD).
Bank menggunakan nilai wajar agunan The Bank uses the fair value of collateral as
sebagai dasar arus kas masa datang apabila the basis for future cash flow if one of the
memenuhi salah satu kondisi berikut: following conditions is met:
1. Kredit bersifat collateral dependent, yaitu 1. Loans are collateral dependent, i.e. if the
jika pelunasan kredit hanya bersumber source of loans repayment is only from the
dari agunan; collateral;
2. Pengambilalihan agunan kemungkinan 2. Foreclosure of collateral is most likely to
besar terjadi dan didukung dengan occur and supported by legally binding
perjanjian legal pengikatan agunan. collateral agreement.
Kerugian penurunan nilai atas aset keuangan Impairment losses on financial assets carried
yang dicatat pada biaya perolehan diamortisasi at amortized cost are measured as the
diukur sebesar selisih antara nilai tercatat aset difference between the carrying amount of the
keuangan dengan nilai kini estimasi arus kas financial assets and present value of
masa datang didiskonto menggunakan suku estimated future cash flows discounted at the
bunga efektif awal dari aset keuangan financial assets’ original effective interest rate.
tersebut.
Jika kredit yang diberikan atau surat-surat If loans and receivables or held-to-maturity
berharga yang dimiliki hingga jatuh tempo dan securities and Government bonds have
obligasi Pemerintah memiliki suku bunga variable interest rate, the discount rate used to
variabel, maka tingkat diskonto yang measure impairment loss is the current
digunakan untuk mengukur setiap kerugian effective interest rate specified in the contract.
penurunan nilai adalah suku bunga efektif
yang berlaku yang ditetapkan dalam kontrak.
42


Sebagai panduan praktis, Bank dapat As a practical guidance, the Bank may
mengukur penurunan nilai berdasarkan nilai measure the impairment based on the
wajar instrumen dengan menggunakan harga instrument’s fair value by using observable
pasar yang dapat diobservasi, dimana market price, where the calculation of the
perhitungan nilai kini dari estimasi arus kas present value of estimated future cash flows
masa datang atas aset keuangan dengan on collateralized financial assets reflects the
agunan (collaterised financial asset) generated cash flow from the foreclosure of
mencerminkan arus kas yang dapat dihasilkan collateral net of costs to acquire and sell the
dari pengambilalihan agunan dikurangi biaya- collateral, regardless whether or not
biaya untuk memperoleh dan menjual agunan, foreclosure is probable. Impairment losses are
terlepas apakah pengambilalihan tersebut recognized in the statements of
berpeluang terjadi atau tidak. Kerugian comprehensive income and reflected in an
penurunan nilai yang terjadi diakui pada “Allowance for impairment losses” account as
laporan laba rugi komprehensif dan dicatat a deduction from financial assets carried at
pada akun “Cadangan kerugian penurunan amortized cost.
nilai” sebagai pengurang terhadap aset
keuangan yang dicatat pada biaya perolehan
diamortisasi.
Pendapatan bunga atas aset keuangan yang Interest income on the impaired financial
mengalami penurunan nilai tetap diakui atas assets continues to be recognized using the
dasar suku bunga yang digunakan untuk original rate of interest used to discount the
mendiskonto arus kas masa datang dalam future cash flows for the purpose of measuring
pengukuran kerugian penurunan nilai. Ketika the impairment loss. When a subsequent
peristiwa yang terjadi setelah tanggal laporan event causes the amount of impairment loss to
posisi keuangan menyebabkan jumlah decrease, the impairment loss is reversed
kerugian penurunan nilai berkurang, kerugian through the statements of comprehensive
penurunan nilai yang sebelumnya diakui harus income.
dipulihkan dan pemulihan tersebut diakui pada
laporan laba rugi komprehensif.
Untuk aset keuangan yang tersedia untuk For financial assets classified as available-for-
dijual, pada setiap tanggal laporan posisi sale, the Bank assesses at each statement of
keuangan, Bank mengevaluasi apakah financial position dates whether there is
terdapat bukti obyektif bahwa aset keuangan objective evidence that a financial asset or a
atau kelompok aset keuangan mengalami group of financial assets is impaired.
penurunan nilai.
Kerugian penurunan nilai atas surat-surat Impairment losses on available-for-sale

berharga yang tersedia untuk dijual diakui securities are recognized by transferring the
dengan mengeluarkan kerugian kumulatif yang cumulative loss that has been recognized in
telah diakui secara langsung dalam ekuitas ke equity to the statements of comprehensive
dalam laporan laba rugi komprehensif. Jumlah income. The cumulative loss that has been
kerugian kumulatif yang dikeluarkan dari removed from the equity and recognized in the
ekuitas dan diakui pada laporan laba rugi statements of comprehensive income is the
komprehensif merupakan selisih antara biaya difference between the acquisition cost, net of
perolehan, setelah dikurangi dengan nilai any principal repayment and amortization, and
pelunasan pokok dan amortisasi, dengan nilai the current fair value, and any impairment
wajar kini, dan kerugian penurunan nilai yang losses recognized in the statements of
diakui pada laporan laba rugi komprehensif. comprehensive income.
43


Jika pada periode berikutnya, nilai wajar surat- If in a subsequent period, the fair value of an
surat berharga yang diklasifikasikan dalam impaired available-for-sale debt securities and
kelompok tersedia untuk dijual dan obligasi Government bonds increases and the increase
Pemerintah yang mengalami penurunan nilai can be objectively related to an event
meningkat dan peningkatan tersebut dapat occurring after the impairment loss was
secara obyektif dihubungkan dengan peristiwa recognized in the statement of comprehensive
yang terjadi setelah pengakuan kerugian income, the impairment loss is reversed and
penurunan nilai pada laporan laba rugi recognized in the year it occurred.
komprehensif, maka kerugian penurunan nilai
tersebut harus dipulihkan dan pemulihan
tersebut diakui pada tahun terjadinya.
Jika persyaratan kredit yang diberikan, piutang If the terms of the loans and receivables or
atau surat-surat berharga yang dimiliki hingga held-to-maturity securities are renegotiated or
jatuh tempo dinegosiasi ulang atau dimodifikasi modified since the debtor or issuer has
karena debitur atau penerbit mengalami financial difficulties, the impairment is
kesulitan keuangan, maka penurunan nilai measured using the original effective interest
diukur dengan suku bunga efektif awal yang rate before the modification of terms.
digunakan sebelum persyaratan diubah.
Jika pada suatu periode berikutnya, jumlah If in the next period, the amount of allowance
cadangan kerugian penurunan nilai berkurang for impairment losses is decreased and the
dan pengurangan tersebut dapat dikaitkan decrease can be related objectively to an event
secara obyektif pada peristiwa yang terjadi that occurred after the recognition of the
setelah penurunan nilai diakui (seperti impairment loss (i.e. upgrade debtor’s or
meningkatnya peringkat kredit debitur atau issuer’s colletibility), the impairment loss that
penerbit), maka kerugian penurunan nilai yang was previously recognized has to be reversed
sebelumnya diakui harus dipulihkan, dengan by adjusting the allowance account. The
menyesuaikan akun cadangan. Jumlah yang amount of reversal is recognized in the current
terpulihkan diakui pada laporan laba rugi period statements of comprehensive income.
komprehensif periode berjalan.
Penerimaan kembali atas aset keuangan yang The recoveries of written-off financial assets in
telah dihapusbukukan pada tahun berjalan the current year are credited by adjusting the
dikreditkan dengan menyesuaikan akun allowance for impairment losses account.
cadangan kerugian penurunan nilai. Recoveries of written-off loans from previous
Penerimaan kembali atas kredit yang diberikan years are recorded as other operating income.
yang telah dihapusbukukan pada tahun-tahun Recovery of Sharia Financing/Receivables
sebelumnya dicatat sebagai pendapatan previously written off is recorded as an addition
operasional lainnya. Penerimaan pembayaran to the allowance for impairment losses in the
pembiayaan/piutang syariah yang telah current year.
dihapusbukukan dicatat sebagai penambahan
cadangan kerugian selama tahun berjalan.
Sehubungan dengan kepatuhan terhadap Bank In compliance with Bank Indonesia, Bank
Indonesia, Bank menerapkan Peraturan Bank implements Bank Indonesia Regulation
Indonesia No. 14/15/PBI/2012 tanggal No. 14/15/PBI/2012 dated October 24, 2012
24 Oktober 2012 tentang “Penilaian Kualitas about “Assessment of Commercial Banks’
Aset Bank Umum” sebagai panduan untuk Asset Quality” as a guideline to calculate
menghitung minimum cadangan kerugian required minimum allowance for impairment
penurunan nilai yang wajib dibentuk sesuai losses based on Bank Indonesia Regulation.
dengan ketentuan Bank Indonesia.
44


Pedoman pembentukan penyisihan aset The guidelines for the provisioning of earning
produktif dan penentuan kualitas aset produktif assets and the determination of the quality of
Kantor Cabang Syariah pada 31 Desember earning assets of Sharia Branches as of
2013 dan 31 Desember 2012 mengacu kepada December 31, 2013 and December 31, 2012
PBI No. 8/21/PBI/2006 tanggal 5 Oktober 2006 are based on PBI No. 8/21/PBI/2006 dated
yang mana dalam pasal-pasal tertentu telah October 5, 2006 wherein certain articles have
diubah dengan PBI No. 9/9/PBI/2007 tanggal been amended by Regulation
18 Juni 2007 dan PBI No. 10/24/PBI/2008 No. 9/9/PBI/2007, dated June 18, 2007 and
tanggal 16 Oktober 2008 dan PBI PBI No. 10/24/PBI/2008 dated October 16,
No. 13/13/PBI/2011 tanggal 24 Maret 2011 2008 and PBI No. 13/13/PBI/2011 dated
tentang Penilaian Kualitas Aktiva Bank Umum March 24, 2011 regarding Asset Quality Rating
Yang Melaksanakan Kegiatan Usaha for Commercial Banks Conducting Business
Berdasarkan Prinsip Syariah dengan ketentuan Based on Sharia Principles, which require the
sebagai berikut: following:
a. Cadangan umum, sekurang-kurangnya a. General reserve shall be no less than 1% of

sebesar 1% dari aset produktif yang total earning assets classified as current,
digolongkan lancar, tidak termasuk excluding Bank Indonesia Syariah
Sertifikat Bank Indonesia Syariah dan Certificates and securities issued by the
surat berharga yang diterbitkan government based on sharia principles,
pemerintah berdasarkan prinsip syariah, and part of earning assets guaranteed by
serta bagian aset produktif yang dijamin government and cash collateral in the form
dengan jaminan pemerintah dan agunan of demand deposits, saving deposits, time
tunai berupa giro, tabungan, deposito deposits, guarantee deposits, and/or gold
berjangka, setoran jaminan, dan/atau which are pledged accompanied with the
emas yang diblokir dan disertai dengan power of attorney to liquidate.
surat kuasa pencairan.
b. Cadangan khusus, sekurang-kurangnya b. Special reserve shall be at least:

sebesar:
1) 5% dari aset produktif yang 1) 5% of earning assets classified as

digolongkan Dalam Perhatian Khusus Special Mention after deducting the
setelah dikurangi agunan; dan collateral value; and
digolongkan Kurang Lancar setelah Substandard after deducting the
dikurangi agunan; dan collateral value; and
digolongkan Diragukan setelah Doubtful after deducting the collateral
dikurangi agunan; dan value; and
digolongkan Macet setelah dikurangi Loss after deducting the collateral
nilai agunan. value.
Penggunaan nilai agunan sebagai faktor The use of collateral value as deductible factor
pengurang dalam perhitungan penurunan in calculating allowance for impairment losses
nilai aset hanya dilakukan untuk aset is only made on earning assets. The value of
produktif saja. Nilai agunan yang dapat deductible collaterals is based on the lower of
diperhitungkan sebagai pengurang the collateral value and the pledged value, with
ditetapkan berdasarkan nilai terendah antara a maximum amount equal to the pledged
nilai agunan yang dapat diperhitungkan value.
dengan nilai pengikatan agunan dimana nilai
maksimal adalah sebesar nilai pengikatan
agunan.
45


Nilai agunan yang dapat diperhitungkan The value of collaterals that can be deducted
sebagai pengurang dalam pembentukan in the calculation of allowance for impairment
penyisihan kerugian aset produktif dan losses on earning assets and estimated losses
estimasi kerugian komitmen dan kontinjensi on commitments and contingencies consists of
terdiri atas surat berharga dan saham yang a maximum amount of 50% of the recorded
aktif diperdagangkan di bursa efek di value at the end of the month of securities and
Indonesia atau memiliki peringkat investasi, shares of stock actively traded in the stock
paling tinggi sebesar 50% dari nilai yang exchange in Indonesia or have investment
tercatat di bursa efek pada akhir bulan, rating, certain percentage of land, buildings,
persentase tertentu dari tanah, gedung, residential houses, machinery attached to a
rumah tinggal, mesin yang merupakan satu land, airplanes, ships, land vehicles,
kesatuan dengan tanah, pesawat udara, inventories and warehouse receipts, with
kapal laut, kendaraan bermotor, persediaan appraisal reports dated not more than
dan resi gudang yang laporan penilaiannya 24 (twenty-four) months or not more than
tidak melampaui jangka waktu 24 (dua puluh 30 (thirty) months from the balance sheet date
empat) bulan atau tidak melampaui jangka if the collaterals are in the form of land or
waktu 30 (tiga puluh) bulan dari tanggal residential buildings appraised by an
laporan posisi keuangan apabila jaminannya independent appraiser. The appraisal is
berupa tanah atau bangunan yang digunakan required to be made by an independent
untuk tempat tinggal yang penilaiannya appraiser for principal loans above Rp5 billion.
dilakukan oleh penilai independen. Penilaian
untuk plafon kredit diatas Rp5 miliar
dilakukan oleh penilai independen.
Estimasi kerugian untuk komitmen dan Estimated losses on commitments and

kontinjensi yang mempunyai risiko kredit contingencies with credit-related risks are
disajikan di sisi liabilitas pada laporan posisi presented in the liabilities section of the
keuangan. statement of financial position.
f. Giro pada Bank Indonesia dan bank lain f. Current accounts with Bank Indonesia and
other banks
Giro pada Bank Indonesia dan bank lain Current accounts with Bank Indonesia and
dinyatakan sebesar biaya perolehan other banks are stated at amortized cost using
diamortisasi menggunakan metode suku the effective interest method less allowance
bunga efektif dikurangi cadangan kerugian for impairment losses. Current accounts with
penurunan nilai. Giro pada Bank Indonesia Bank Indonesia and other banks are classified
dan Bank lain diklasifikasikan sebagai kredit under loans and receivables.
yang diberikan dan piutang.
g. Penempatan pada Bank Indonesia dan g. Placements with Bank Indonesia and other
bank lain banks
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain merupakan penanaman dana pada Bank banks represent placements of funds in Bank
Indonesia dan bank lain berupa deposito Indonesia and other banks in the form of time
berjangka termasuk deposito berjangka deposits including mudharabah time deposits,
mudharabah, tabungan mudharabah dan mudharabah savings deposits and inter-bank
inter-bank call money. call money.
Penempatan pada Bank Indonesia dan bank Placements with Bank Indonesia and other
lain dinyatakan sebesar biaya perolehan banks are stated at amortized cost using the
diamortisasi menggunakan metode suku effective interest method less allowance for
bunga efektif dikurangi cadangan kerugian impairment losses. Placements with Bank
penurunan nilai. Penempatan pada Bank Indonesia and other banks are classified as
Indonesia dan bank lain diklasifikasikan loans and receivables.
sebagai kredit yang diberikan dan piutang.
46

h. Efek-efek dan obligasi Pemerintah h. Securities and Government bonds
Efek-efek terdiri dari surat berharga yang Securities consist of securities traded in the
diperdagangkan dalam pasar modal dan capital market and money market, such as
pasar uang, antara lain Sertifikat Bank Bank Indonesia Certificates (SBI), bonds,
Indonesia (SBI), obligasi, penyertaan mutual funds and subordinated bonds.
reksadana dan obligasi subordinasi.
Obligasi Pemerintah adalah obligasi yang Government bonds are bonds issued by the
diterbitkan oleh Pemerintah Indonesia Indonesian Government including
termasuk obligasi rekapitalisasi yang recapitalization bonds that are issued by the
merupakan obligasi yang diterbitkan oleh Government for general bank recapitalization.
Pemerintah dalam rangka rekapitalisasi bank
umum.
Efek-efek syariah diklasifikasikan sebagai Sharia securities are classified as held-to-
dimiliki hingga jatuh tempo. maturity investments.
Kecuali untuk efek-efek syariah yang masih Except for sharia securities which are
menggunakan perlakuan akuntansi measured using the previous accounting
sebelumnya, surat berharga dan obligasi treatment, securities and Government bonds
Pemerintah pada awalnya disajikan sebesar are initially measured at fair value.
nilai wajar. Setelah pengakuan awal, efek- Subsequently, securities and Government
efek dan obligasi Pemerintah dicatat sesuai bonds are accounted for depending on their
kategorinya, yaitu tersedia untuk dijual, classification as available-for-sale, held-to-
dimiliki hingga jatuh tempo atau nilai wajar maturity or fair value through profit or loss.
melalui laba rugi.
Pengukuran efek-efek dan obligasi The measurement of securities and

Pemerintah didasarkan atas klasifikasinya Government bonds are based on the
sebagai berikut: classification of the securities as follows:
1. Efek-efek dan obligasi Pemerintah yang 1. Held-to-maturity securities and Government

dimiliki hingga jatuh tempo dicatat pada bonds are carried at amortized cost using
biaya perolehan yang diamortisasi the effective interest method.
menggunakan metode suku bunga efektif.
Bank tidak mengklasifikasikan efek-efek The Bank does not classify held-to-maturity
yang dimiliki hingga jatuh tempo dan securities and Government bonds as held-
obligasi Pemerintah sebagai aset keuangan to-maturity financial assets if the bank has,
dimiliki hingga jatuh tempo, jika dalam tahun during the current financial year or during
berjalan atau dalam kurun waktu dua tahun the two preceding years, sold or reclassified
sebelumnnya Bank telah menjual atau more than an insignificant amount of held-
mereklasifikasi efek-efek dimiliki hingga to-maturity securities or Government bonds
jatuh tempo dan obligasi Pemerintah dalam prior to maturity other than sales or
jumlah yang lebih dari jumlah yang tidak reclassifications defined in SFAS No. 55
signifikan (more than insignificant) sebelum (Revised 2011) applicable in the relevant
jatuh tempo selain dari pada penjualan atau period.
reklasifikasi yang telah dijelaskan dalam
PSAK No. 55 (Revisi 2011) yang dapat
diaplikasikan dalam periode yang relevan.
2. Efek-efek dan obligasi Pemerintah yang 2. Securities and Government bonds which are
diklasifikasikan sebagai investasi tersedia classified under available-for-sale
untuk dijual dinyatakan pada nilai wajar. investments are stated at fair value. Interest
Pendapatan bunga diakui dalam laporan income is recognized in the statements of
laba rugi komprehensif menggunakan comprehensive income using the effective
metode suku bunga efektif. Laba atau rugi interest method. Foreign exchange gains or
selisih kurs atas efek-efek dan obligasi losses on available-for-sale securities and
Pemerintah diakui pada laporan laba rugi Government bonds are recognized in the
komprehensif. statements of comprehensive income.
47

Perubahan nilai wajar lainnya diakui Other fair value changes are recognized
langsung dalam ekuitas sampai surat directly in equity until the securities and
berharga dan obligasi Pemerintah dijual Government bonds are sold or impaired,
atau mengalami penurunan nilai, dimana whereby the cumulative gains and losses
akumulasi keuntungan dan kerugian yang previously recognized in the equity are
sebelumnya diakui dalam ekuitas diakui recognized in the statements of
dalam laporan laba rugi komprehensif. comprehensive income.
3. Efek-efek dan obligasi Pemerintah dalam 3. Fair value through profit or loss securities
kategori nilai wajar melalui laba rugi and Government bonds are carried at fair
dinyatakan pada nilai wajar. value.
Keuntungan atau kerugian yang belum Unrealized gains or losses resulting from
direalisasi akibat kenaikan atau changes in fair values are recognized in
penurunan nilai wajarnya disajikan dalam the current year statements of
laporan laba rugi komprehensif tahun comprehensive income. The interest
berjalan. Pendapatan bunga dari efek- income from securities and Government
efek dan obligasi Pemerintah dicatat bonds is recorded in the statements of
dalam laporan laba rugi komprehensif comprehensive income according to the
sesuai dengan persyaratan dalam terms of the contract.
kontrak.
Atas penjualan portofolio efek-efek dan Upon sale of portfolio of fair value through
obligasi Pemerintah untuk nilai wajar profit or loss securities and Government
melalui laba rugi, perbedaan antara harga bonds, the difference between the selling
jual dengan nilai pasar wajar diakui price and the fair value is recognized as a
sebagai keuntungan atau kerugian gain or loss in the year when the
penjualan pada tahun dimana efek-efek securities and Government bonds are
dan obligasi Pemerintah tersebut dijual. sold.
Untuk efek-efek dan obligasi Pemerintah For securities and Government bonds that are
yang diperdagangkan secara aktif di pasar actively traded in organized financial markets,
keuangan yang terorganisasi, nilai wajar fair value is generally determined by reference
tersebut umumnya ditentukan dengan to quoted market bid prices by the stock
mengacu pada harga penawaran pasar yang exchange at the date close to the statement of
terjadi di bursa efek pada tanggal yang financial position date, adjusted for transaction
terdekat dengan tanggal laporan posisi costs necessary to realize the assets. For
keuangan, kemudian disesuaikan dengan securities and Government bonds where there
biaya-biaya yang akan dikeluarkan untuk is no quoted market price, a reasonable
memperoleh aset tersebut. Untuk efek-efek estimate of the fair value is determined by
dan obligasi Pemerintah yang tidak reference to the current market value of
mempunyai harga penawaran pasar, another instrument which is substantially the
estimasi atas nilai wajar surat-surat berharga same or is calculated based on the expected
dan obligasi Pemerintah ditetapkan dengan cash flows of the underlying net asset base of
mengacu pada nilai wajar instrumen lain securities and Government bonds. As of
yang substansinya adalah sama atau December 31, 2013, 2012,and 2011 the Bank
dihitung berdasarkan arus kas yang used quoted market bid prices by the stock
diharapkan terhadap aset bersih surat-surat exchange at the date close to the statement of
berharga dan obligasi Pemerintah tersebut. financial position date as their fair value.
Pada tanggal 31 Desember 2013, 2012, dan
2011, Bank menggunakan harga penawaran
pasar yang terjadi di bursa efek pada tanggal
yang terdekat dengan tanggal laporan posisi
keuangan sebagai nilai wajar.
48

Pemindahan efek-efek dan obligasi Pemerintah The reclassification of securities and
dari kelompok nilai wajar melalui laporan laba Government bonds from fair value through
rugi ke kelompok tersedia untuk dijual dicatat profit or loss category to available-for-sale
berdasarkan nilai wajar pada tanggal category is recorded at fair value at the
pemindahan. reclassification date.
Penurunan yang signifikan atau jangka panjang Any significant or prolonged decline in the fair
atas nilai wajar permanen atas surat-surat value of securities held-to-maturity and
berharga untuk dimiliki hingga jatuh tempo dan available-for-sale is charged to profit or loss in
tersedia untuk dijual dibebankan pada laba rugi the period incurred.
periode berjalan.
Sertifikat Bank Indonesia (SBI) disajikan Certificates of Bank Indonesia (SBI) are stated
sebesar nilai nominal setelah dikurangi bunga at nominal value net of unamortized interest.
yang belum diamortisasi. Obligasi disajikan Bonds are stated at fair value. Unrealized
sebesar nilai wajar. Laba atau rugi yang belum gains or losses resulting from the increase or
direalisasi akibat kenaikan dan penurunan nilai decrease in fair values are recognized in the
wajar diakui pada operasi tahun berjalan. Nilai current year operations. Fair value is
wajar ditentukan berdasarkan harga pasar determined based on prevailing market prices.
yang berlaku. Penentuan harga perolehan Determination of the acquisition price in the
dalam perhitungan laba/rugi yang calculation of profit or loss realized uses the
direalisasikan digunakan metode identifikasi specific identification method. Allowance for
khusus. Cadangan kerugian penurunan nilai impairment losses are stated as reduction
disajikan sebagai pengurang dari akun efek- from the securities account.
efek.
Efek-efek dan obligasi Pemerintah syariah Sharia securities and Government bonds are
adalah surat bukti penanaman dalam surat proof of investments under the sharia
berharga berdasarkan prinsip syariah yang principles commonly traded in sharia money
lazim diperdagangkan di pasar uang syariah market and/or sharia stock exchange, such as
dan/atau pasar modal syariah antara lain sharia bonds, sharia mutual funds certificates,
obligasi syariah, sertifikat reksadana syariah, and other securities based on sharia
dan surat berharga lainnya berdasarkan prinsip principles.
syariah.
Sejak tanggal 1 Januari 2012, efek-efek dan Since January 1, 2012, sharia securities and
obligasi Pemerintah syariah, kecuali Government bonds, except for Reksadana,
Reksadana, diklasifikasikan berdasarkan model are classified based on business model,
usaha yang ditentukan oleh Bank pada saat determined by the Bank at the date of
pembelian surat berharga tersebut didasarkan purchase in accordance with SFAS No. 110
atas klasifikasi yang sesuai dengan PSAK on "Accounting for Sukuk” as follows:
No. 110 tentang “Akuntansi Sukuk” sebagai
berikut:
1) Efek-efek dan obligasi Pemerintah syariah 1) Sharia securities and Government bonds
yang diukur pada nilai perolehan disajikan at cost are stated at cost (including
sebesar biaya perolehan (termasuk biaya transaction costs), adjusted by
transaksi) yang disesuaikan dengan premi unamortized premium and/or discount.
dan/atau diskonto yang belum diamortisasi. Premium and discount are amortized over
Premi dan diskonto diamortisasi selama the term using straight-line method until
jangka waktu periode hingga jatuh tempo maturity.
dengan menggunakan metode garis lurus.
2) Efek-efek dan obligasi Pemerintah syariah 2) Sharia securities and Government bonds
diukur pada nilai wajar, yang dinyatakan at fair value are stated at fair values.
sebesar nilai wajar. Keuntungan atau Unrealized gains or losses from the
kerugian yang belum direalisasi akibat changes in fair values are presented in
perubahan nilai wajarnya disajikan dalam current year statements of comprehensive
laporan laba rugi komprehensif tahun income.
berjalan.
49

i. Instrumen derivatif i. Derivative instruments
Instrumen keuangan derivatif diakui di laporan Derivative financial instruments are recognized
posisi keuangan pada nilai wajar dikurangi in the statements of financial position at fair
cadangan kerugian penurunan nilai. Setiap value less allowance for impairment losses.
kontrak derivatif dicatat sebagai aset apabila Each derivative contract is carried as asset
memiliki nilai wajar positif dan sebagai liabilitas when the fair value is positive and as liability
apabila memiliki nilai wajar negatif. when the fair value is negative.
Sebelum 1 Januari 2012, transaksi derivatif Prior to January 1, 2012, derivative

diakui sesuai dengan PSAK No. 55 (Revisi transactions are recognized in accordance
2006), “Instrumen Keuangan: Pengakuan dan with SFAS No. 55 (Revised 2006). Beginning
Pengukuran”. Sejak 1 Januari 2012, transaksi January 1, 2012, derivative transactions are
derivative diakui sesuai dengan PSAK No. 55 recognized in accordance with SFAS No.55
(Revisi 2011). (Revised 2011).
Tagihan dan kewajiban derivatif Derivatives receivable and payable are

diklasifikasikan sebagai aset dan kewajiban classified as financial assets and liabilities that
keuangan yang diukur pada nilai wajar melalui are designated at fair value through profit or
laporan laba rugi. loss.
Keuntungan atau kerugian yang terjadi dari Gains or losses resulting from fair value
perubahan nilai wajar diakui dalam laporan changes are recognized in the statements of
laba rugi komprehensif. comprehensive income.
Nilai wajar instrumen derivatif ditentukan The fair value of derivative instruments is
berdasarkan diskonto arus kas dan model determined based on discounted cash flows
penentu harga berdasarkan atau harga yang and pricing models or quoted prices from
diberikan oleh broker (quoted price) atas brokers of other instruments with similar
instrumen lainnya yang memiliki karakteristik characteristics.
serupa.
Bank tidak memiliki instrumen derivatif per 31 The Bank has no outstanding derivative
Desember 2013, 2012 dan 2011. instruments as of December 31, 2013, 2012
and 2011.
j. Kredit yang diberikan j. Loans
Kredit yang diberikan merupakan penyediaan Loans represent the lending of money or
uang atau tagihan yang dapat disamakan equivalent receivables under contracts with
dengan itu, berdasarkan kesepakatan dengan borrowers, where the borrowers are required to
pihak penerima kredit dan mewajibkan pihak repay their debts with interest after a specified
penerima kredit untuk melunasi setelah jangka period of time.
waktu tertentu dengan imbalan bunga.
Kredit yang diberikan (termasuk kredit yang Loans (including loans under syndication) are
diberikan dalam pinjaman sindikasi) pada initially measured at fair value plus transaction
awalnya diukur pada nilai wajar ditambah costs that are directly attributable to obtaining
dengan biaya transaksi yang dapat the financial asset. After initial recognition,
diatribusikan secara langsung dan biaya loans are measured at amortized cost using
tambahan untuk memperoleh aset keuangan the effective interest method, net of allowance
tersebut. Setelah pengakuan awal kredit yang for impairment losses.
diberikan diukur pada biaya perolehan
diamortisasi menggunakan metode suku
bunga efektif dikurangi dengan cadangan
kerugian penurunan nilai.
50

j. Kredit yang diberikan (lanjutan) j. Loans (continued)
Kredit yang diberikan diklasifikasikan sebagai Loans are classified under loans and
kredit yang diberikan dan piutang. receivables.
Kredit yang diberikan dalam pinjaman sindikasi Loans under syndication or channelling are
ataupun penerusan kredit dinyatakan sebesar stated at the principal amount equal to the risk
pokok kredit sesuai dengan porsi risiko yang portion assumed by the Bank.
ditanggung oleh Bank.
Restrukturisasi kredit Loan restructuring
Restrukturisasi kredit meliputi adanya Loan restructuring may involve extending the
perpanjangan jangka waktu pembayaran dan payment arrangements and new loan
ketentuan kredit yang baru. conditions.
Kerugian yang timbul dari restrukturisasi kredit Losses on loan restructuring in respect of
yang berkaitan dengan modifikasi persyaratan modification of the terms of the loans are
kredit hanya diakui bila nilai tunai penerimaan recognized only if the cash value of total future
kas masa depan yang telah ditentukan dalam cash receipts specified in the new terms of the
persyaratan kredit yang baru, termasuk loans, including both receipts designated as
penerimaan yang diperuntukkan sebagai interest and those designated as loan
bunga maupun pokok, adalah lebih kecil dari principal, are less than the recorded amounts
nilai kredit yang diberikan yang tercatat of loans before restructuring.
sebelum restrukturisasi.
Saat persyaratan kredit telah dinegosiasi ulang Once the terms of the loans have been
atau dimodifikasi (kredit restrukturisasi), renegotiated or modified (restructured loans),
penurunan nilai yang ada diukur dengan any impairment is measured using the original
menggunakan suku bunga efektif awal yang effective interest rate as calculated before the
digunakan sebelum persyaratan diubah dan modification of terms and the loan is no longer
kredit tidak lagi diperhitungkan sebagai considered past due. Management
menunggak. Manajemen secara berkelanjutan continuously reviews renegotiated loans to
meninjau kredit yang dinegosiasi ulang untuk ensure that all criteria are met and the future
meyakinkan terpenuhinya seluruh kriteria dan payments are likely to occur. The loans
pembayaran di masa depan. Kredit terus continue to be subjected to an individual or
menjadi subjek penilaian penurunan nilai collective impairment assessment, calculated
individual atau kolektif, dihitung dengan using the loan’s original effective interest rate.
menggunakan suku bunga efektif awal.
Kredit yang direstrukturisasi dinyatakan Restructured loans are presented at the lower
sebesar nilai yang lebih rendah antara nilai of the carrying value of the loan at the time of
tercatat kredit yang diberikan pada tanggal restructuring or the net present value of the
restrukturisasi atau nilai tunai penerimaan kas total future cash receipts after restructuring.
masa depan setelah restrukturisasi.
Penjualan Kredit Pemilikan Rumah Sales of Housing Loans (Bank’s Mortgage

(Sekuritisasi KPR) Securitization)
Dalam rangka sekuritisasi atas tagihan Kredit In connection with the Bank’s mortgage
Pemilikan Rumah (”kumpulan tagihan”), Bank securitization on its housing loans (“pool of
telah melakukan penjualan atas kumpulan receivables”), the Bank sold its pool of
tagihan kepada pihak ketiga (sekuritisasi receivables to third parties (Bank’s mortgage
KPR). securitization).
51

j. Kredit yang diberikan (lanjutan) j. Loans (continued)

Perlakuan akuntansi atas sekuritisasi KPR The accounting treatment for the Bank’s
mengacu kepada PSAK No. 55 (Revisi 2006) mortgage securitization is based on SFAS
sebelum 1 Januari 2012 dan PSAK No. 55 No. 55 (Revised 2006) prior to January 1,
(Revisi 2011) sejak 1 Januari 2012, tentang 2012 and SFAS No. 55 (Revised 2011)
penghentian pengakuan aset keuangan. beginning January 1, 2012 on derecognition of
financial assets.
k. Pembiayaan/piutang berdasarkan prinsip k. Sharia financing/receivables

syariah
Pembiayaan/piutang berdasarkan prinsip Sharia financing/receivables are receivables

syariah adalah penyediaan uang atau tagihan from providing funds or other similar form of
yang dapat disamakan dengan itu, yang receivables arising from transactions carried
timbul dari transaksi berdasarkan prinsip jual out based on sale or purchase arrangements
beli dan bagi hasil antara bank dengan pihak and profit sharing between the Bank and other
lain selama jangka waktu tertentu. Piutang parties for a certain period of time. Such
tersebut meliputi piutang murabahah dan receivables consist of receivables arising from
piutang istishna, pembiayaan mudharabah murabahah transactions, istishna transactions,
dan pembiayaan musyarakah. mudharabah financing and musyarakah
financing.
Murabahah merupakan akad jual beli barang Murabahah is a transaction carried out based
dengan harga pembelian dan marjin yang on sale or purchase agreement whereby the
telah disepakati oleh pembeli dan penjual price and the profit margin are agreed by the
dan dibuat secara eksplisit (dinyatakan dalam buyer and seller and are disclosed explicitly.
akad pembiayaan). Murabahah dapat Murabahah may be carried out based on
dilakukan berdasarkan pesanan atau tanpa certain order or no order to purchase certain
pesanan. Dalam murabahah berdasarkan goods. Under murabahah, the purchase will be
pesanan, Bank melakukan pembelian barang executed by the Bank after the order from the
setelah ada pemesanan dari nasabah. Pada customers is received. At the effective date of
saat akad murabahah, piutang murabahah the murabahah agreement, the resulting
yang timbul diakui sebesar biaya perolehan murabahah receivable is recognized at the
aset murabahah ditambah keuntungan yang acquisition cost of the murabahah asset plus
disepakati bersama. Pada tanggal laporan the agreed margin. At the statement of
posisi keuangan, piutang murabahah financial position date, the murabahah
dinyatakan sebesar saldo piutang dikurangi receivable is stated at the outstanding balance
dengan saldo cadangan kerugian penurunan less allowance for impairment losses which is
nilai yang dibentuk berdasarkan hasil review provided based on the management’s review
oleh manajemen terhadap tingkat of the collectibility level of the receivables at
kolektibilitasnya pada setiap akhir periode. the end of each year. Deferred murabahah
Pendapatan marjin murabahah yang margin is presented as a contra account of
ditangguhkan disajikan sebagai pengurang murabahah receivables.
atas saldo piutang murabahah.
Mudharabah merupakan pembiayaan Mudharabah represents joint financing
kerjasama antara Bank sebagai pemilik dana between the Bank as the owner of the fund
dengan nasabah sebagai pelaksana usaha. and the customer as the business executor.
Pembagian hasil keuntungan dari proyek Distribution of profit sharing on a project or
atau usaha tersebut ditentukan sesuai other business activity is determined in
dengan nisbah (pre-determined ratio) yang accordance with the mutually agreed nisbah
telah disepakati bersama. Pada tanggal (pre-determined ratio). At statement of financial
laporan posisi keuangan, pembiayaan position date, mudharabah financing is stated
mudharabah dinyatakan sebesar saldo at the outstanding financing balance less
pembiayaan dikurangi dengan saldo allowance for impairment losses which is
cadangan kerugian penurunan nilai yang provided based on the management’s review
dibentuk berdasarkan hasil review oleh of its collectibility level at the end of each year.
manajemen terhadap tingkat kolektibilitasnya
pada setiap akhir tahun.
52

k. Pembiayaan/piutang berdasarkan prinsip k. Sharia financing/receivables (continued)

syariah (lanjutan)
Musyarakah adalah akad kerjasama yang Musyarakah is a partnership contract among

terjadi diantara para pemilik modal (mitra fund owners (musyarakah partners) to
musyarakah) untuk menggabungkan modal contribute funds and conduct business on a
dan melakukan usaha secara bersama dalam joint basis through partnership with profit
suatu kemitraan dengan nisbah pembagian sharing based on a predetermined ratio, while
hasil sesuai dengan kesepakatan, sedangkan loss is shouldered proportionally based on the
kerugian ditanggung secara proporsional capital contribution. At statement of financial
sesuai dengan kontribusi modal. Pada position date, musyarakah financing is stated
tanggal laporan posisi keuangan, at the outstanding balance of the financing less
pembiayaan musyarakah dinyatakan sebesar allowance for impairment losses based on the
saldo pembiayaan dikurangi dengan saldo management’s review of the musyarakah
cadangan kerugian penurunan nilai yang financing collectibility level at the end of each
dibentuk berdasarkan hasil review oleh year.
manajemen terhadap tingkat kolektibilitasnya
pada setiap akhir periode.
Istishna adalah akad penjualan antara al- Istishna is a purchase agreement between an
mustashni (pembeli) dan al-shani (produsen al-mustashni (buyer) and an al-shani
yang juga bertindak sebagai penjual). (manufacturer also acting as the seller). Based
Berdasarkan akad tersebut, pembeli on the contract, the buyer orders the
menugasi produsen untuk membuat atau manufacturer to make or to supply al-mashnu
mengadakan al-mashnu (barang pesanan) (goods ordered) according to the specifications
sesuai spesifikasi yang diisyaratkan pembeli required by the buyer and to sell them at an
dan menjualnya dengan harga yang agreed price. Istishna receivables are
disepakati. Piutang istishna disajikan sebesar presented based on the outstanding billings to
tagihan termin kepada pembeli akhir the final buyer less allowance for impairment
dikurangi cadangan kerugian penurunan nilai. losses.
Rahn merupakan transaksi menggadaikan Rahn is the pawn of goods or assets by

barang atau harta dari nasabah kepada Bank customers to the Bank with the money as
dengan uang sebagai gantinya. Barang atau compensation. Goods or assets being pawned
harta yang digadaikan tersebut dinilai sesuai are valued in accordance with the market price
harga pasar dikurangi persentase tertentu less a certain percentage and the Bank gets
dan sebagai imbalannya Bank mendapatkan ujrah (benefits) in return which are recognized
ujrah (imbalan) dan diakui berdasarkan basis on an accrual basis.
akrual.
l. Aset tetap l. Premises and equipment
Tanah dinyatakan sebesar biaya perolehan Land is stated at cost less any impairment in
dikurangi dengan penurunan nilai dan value and depreciable premises and
bangunan dan peralatan yang dapat equipment including buildings, office furniture,
disusutkan termasuk bangunan, perabot fixtures and motor vehicles are stated at cost
kantor, perlengkapan dan kendaraan less accumulated depreciation and any
bermotor yang dinyatakan sebesar biaya impairment in value. Such cost includes the
perolehan dikurangi akumulasi penyusutan cost of replacing part of the premises and
dan rugi penurunan nilai. Biaya perolehan equipment when that cost is incurred, if the
termasuk biaya penggantian bagian aset criteria for recognition are met. All other repairs
tetap saat biaya tersebut terjadi, jika kriteria and maintenance costs that do not meet the
pengakuan terpenuhi. Semua biaya recognition criteria are recognized in the
pemeliharaan dan perbaikan yang tidak statements of comprehensive income as
memenuhi kriteria pengakuan, diakui dalam incurred.
laporan laba rugi komprehensif pada saat
terjadi.
53

l. Aset tetap (lanjutan) l. Premises and equipment (continued)
Penyusutan bangunan dihitung dengan Depreciation of buildings is computed using

menggunakan metode garis lurus (straight- the straight-line method while depreciation of
line method) sedangkan peralatan kantor dan office furniture and fixtures, and motor vehicles
kendaraan bermotor dihitung dengan is computed using the double-declining
menggunakan metode saldo menurun ganda balance method, based on the estimated
(double-declining balance method) useful lives of the assets as follows:
berdasarkan taksiran masa manfaat aset
tetap sebagai berikut:
Tahun/Years
Bangunan 10 - 20 Buildings
Peralatan kantor dan kendaraan bermotor 4-8 Office furniture and fixtures, and motor vehicles
Pada setiap akhir tahun buku, manajemen The residual values, useful lives and methods
melakukan pengkajian ulang atas nilai residu, of depreciation of premises and equipment are
masa manfaat dan metode penyusutan dan reviewed by the management and adjusted
disesuaikan secara prospektif. prospectively, if appropriate, at the end of each
year.
Jumlah tercatat aset tetap dihentikan An item of premises and equipment is

pengakuannya pada saat dilepaskan atau derecognized upon disposal or when no future
saat tidak ada manfaat ekonomis masa economic benefits are expected from its use or
depan yang diharapkan dari penggunaan disposal. Any gain or loss arising on
atau pelepasannya. Laba atau rugi yang derecognition of the asset (calculated as the
timbul dari penghentian pengakuan aset difference between the net disposal proceeds
(dihitung sebagai perbedaan antara jumlah and the carrying amount of the asset) is
neto hasil pelepasan dan jumlah tercatat dari included in the statements of comprehensive
aset) diperhitungkan dalam laporan laba rugi income in the period such asset is
komprehensif pada periode aset tersebut derecognized.
dihentikan pengakuannya.
Mulai tanggal 1 Januari 2012, Bank Starting January 1, 2012, the Bank adopted
menerapkan PSAK No. 16 (Revisi 2011), SFAS No. 16 (Revised 2011), “Property, Plant
“Aset Tetap” dan ISAK No. 25, “Hak atas and Equipment” and IFAS No. 25, "Land
Tanah”. Rights".
ISAK No. 25 menetapkan bahwa biaya IFAS No. 25 prescribes that the legal costs of
pengurusan legal hak atas tanah dalam land rights in the form of Business Usage
bentuk Hak Guna Usaha (“HGU”), Hak Guna Rights (“Hak Guna Usaha” or “HGU”), Building
Bangunan (“HGB”) dan Hak Pakai (“HP”) Usage Right (Hak Guna Bangunan or “HGB”)
ketika tanah diperoleh pertama kali diakui and Usage Rights (“Hak Pakai” or “HP”) when
sebagai bagian dari biaya perolehan tanah the land was acquired initially are recognized
pada akun “Aset Tetap” dan tidak as part of the cost of the land under the
diamortisasi. “Premises and Equipment” account and not
amortized.
Sementara biaya pengurusan atas Meanwhile, the extension or the legal renewal
perpanjangan atau pembaruan legal hak atas costs of land rights in the form of HGU, HGB
tanah dalam bentuk HGU, HGB dan HP and HP are recognized as part of “Deferred
diakui sebagai bagian dari akun “Beban Charges, Net” account in the statement of
Ditangguhkan, Neto” pada laporan posisi financial position and amortized over the
keuangan dan diamortisasi sepanjang mana shorter of the land rights' legal life or land's
yang lebih pendek antara umur hukum hak economic life.
dan umur ekonomis tanah.
54

l. Aset tetap (lanjutan) l. Premises and equipment (continued)

Sesuai dengan ketentuan transisi ISAK In accordance with the transitional provision of
No. 25 tersebut, biaya perolehan pertama kali IFAS No. 25, the initial costs in the form of
hak atas tanah dalam bentuk HGU, HGB dan HGU, HGB and HP which were recognized as
HP yang diakui sebagai bagian dari akun part of “Deferred Charges, Net” account in the
“Beban Ditangguhkan, Neto” pada laporan statement of financial position prior to
posisi keuangan sebelum tanggal January 1, 2012 were reclassified to “Premises
1 Januari 2012 direklasifikasi ke akun “Aset and equipment - Land” account and ceased to
Tetap - Tanah” dan amortisasinya dihentikan be amortized beginning January 1, 2012.
pada tanggal 1 Januari 2012.
Aset dalam penyelesaian dinyatakan sebesar Construction in progress is stated at cost. The
biaya perolehan. Akumulasi biaya perolehan accumulated costs will be reclassified to the
akan dipindahkan ke aset tetap yang appropriate premises and equipment account
bersangkutan pada saat pekerjaan aset when the construction is substantially
tersebut telah selesai dan siap untuk completed and the asset constructed is ready
digunakan. for its intended use.
m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets

Pada setiap tanggal pelaporan, Bank At each reporting date, the Bank assesses
melakukan penilaian apakah terdapat indikasi whether there is any indication that its non-
bahwa aset non-keuangan mungkin financial assets may be impaired in
mengalami penurunan nilai sesuai dengan accordance with SFAS No. 48 (Revised 2009),
PSAK No. 48 (Revisi 2009) tentang “Impairment of Assets”. When an indicator of
“Penurunan Nilai Aset”. Ketika sebuah impairment exists or when an annual
indikator penurunan nilai ada atau ketika impairment testing for an asset is required, the
sebuah pengujian penurunan nilai tahunan Bank makes a formal estimate of recoverable
untuk aset diperlukan, Bank membuat amount.
estimasi resmi atas jumlah terpulihkan.
Nilai yang dapat dipulihkan adalah sebesar Recoverable amount is the higher of an asset’s
jumlah yang lebih tinggi dari nilai wajar aset or Cash Generating Unit (CGU)’s fair value
setelah (atau unit penghasil kas) dikurangi less costs to sell and its value in use and is
besarnya biaya untuk menjual dibandingkan determined for an individual asset, unless the
dengan nilai pakainya, dan ditentukan untuk asset does not generate cash inflows that are
aset individu, kecuali aset tersebut largely independent of those from other assets
menghasilkan arus kas masuk yang tidak or groups of assets, in which case the
tergantung lagi dari aset yang lain atau recoverable amount is assessed as part of the
kumpulan aset, yang dalam hal jumlah CGU to which it belongs. Where the carrying
terpulihkan dinilai sebagai bagian dari unit amount of an asset (or CGU) exceeds its
penghasil kas. Apabila nilai tercatat suatu recoverable amount, the asset (or CGU) is
aset (atau unit penghasil kas) melebihi considered impaired and is written down to its
jumlah terpulihkan, maka aset (atau unit recoverable amount. In assessing value in
penghasil kas) tersebut dianggap mengalami use, the estimated future cash flows are
penurunan nilai dan diturunkan menjadi discounted to their present value using a pre-
sebesar nilai yang dapat dipulihkan. Dalam tax discount rate that reflects current market
menilai nilai pakai suatu aset, estimasi assessments of the time value of money and
terhadap arus kas dipulihkan di masa depan the risks specific to the asset (or CGU).
akan didiskontokan menjadi nilai kini dengan
menggunakan tingkat suku bunga diskonto
sebelum pajak yang mencerminkan penilaian
pasar terhadap nilai waktu dari uang (time
value of money) dan risiko spesifik aset (atau
unit penghasil kas) tersebut.
55

m. Penurunan nilai aset non-keuangan m. Impairment of non-financial assets
Kerugian penurunan nilai akan dibebankan An impairment loss is charged to operations on
pada periode yang bersangkutan, kecuali the period in which it arises, unless the asset is
aset tersebut telah dicatat sebesar jumlah carried at a revalued amount, in which case
yang direvaluasi, dalam hal ini kerugian the impairment loss is charged to the
penurunan nilai tersebut akan dibebankan revaluation increment of the said asset.
langsung ke dalam selisih penilaian kembali
aset bersangkutan.
Penelaahan dilakukan pada setiap tanggal An assessment is made at each reporting date
pelaporan untuk mengetahui apakah terdapat as to whether there is any indication that
indikasi bahwa pengakuan kerugian previously recognized impairment losses may
penurunan nilai sebelumnya mungkin tidak no longer exist or may have decreased. If such
lagi ada atau telah menurun. Bila terdapat indication exists, the recoverable amount is
indikasi tersebut, maka jumlah terpulihkan estimated. A previously recognized impairment
akan diestimasi. Kerugian penurunan nilai loss is reversed only if there has been a
yang sebelumnya telah diakui akan dibalik change in the estimates used to determine the
hanya jika telah terjadi perubahan dalam asset’s recoverable amount since the last
estimasi yang digunakan untuk menentukan impairment loss was recognized. If that is the
jumlah terpulihkan aset sejak kerugian case, the carrying amount of the asset is
penurunan nilai terakhir diakui. Jika demikian, increased to its recoverable amount.
nilai tercatat aset akan ditingkatkan sejumlah
nilai terpulihkan.
Peningkatan nilai aset setelah penilaian That increased amount cannot exceed the
kembali oleh Bank tidak dapat melebihi nilai carrying amount that would have been
tercatat yang seharusnya diakui, setelah determined, net of depreciation, had no
dikurangi penyusutan, jika diasumsikan tidak impairment loss been recognized for the asset
terdapat penurunan nilai pada tahun in prior years. Such reversal is recognized in
sebelumnya. Pembalikan tersebut diakui di the statements of comprehensive income
dalam laba rugi komprehensif kecuali jika unless the asset is carried at a revalued
aset tersebut dicatat sebesar nilai yang amount, in which case the reversal is treated
dipulihkan dimana pembalikannya akan as a revaluation increase. After such reversal,
diakui sebagai peningkatan revaluasi. the depreciation expense is adjusted in future
Setelah pembalikan tersebut dicatat, beban years to allocate the asset’s revised carrying
penyusutan akan disesuaikan secara amount, less any residual value, on a
prospektif untuk mengalokasikan nilai tercatat systematic basis over its remaining life.
aset yang telah direvaluasi setelah dikurangi
nilai sisa yang diperhitungkan secara
sistematis sepanjang masa manfaat aset
tersebut.
n. Biaya dibayar di muka n. Prepaid expenses
Biaya dibayar di muka diamortisasi selama Prepaid expenses are amortized over the
masa manfaat dengan menggunakan metode periods benefited using the straight-line
garis lurus (straight-line method). method.
o. Liabilitas segera o. Current liabilities
Liabilitas segera dicatat pada saat timbulnya This account is recorded at the time the
kewajiban atau diterimanya perintah obligations occur or upon receipt of transfer
pemindahbukuan dari nasabah maupun dari orders from customers or other banks.
bank lain.
Liabilitas segera dicatat berdasarkan biaya Current liabilities are stated at amortized cost
perolehan diamortisasi dan diklasifikasikan and classified as other financial liabilities.
sebagai liabilitas keuangan lainnya.
56

p. Simpanan p. Deposits
Giro merupakan simpanan nasabah yang Demand deposits represent customer funds
dapat digunakan sebagai alat pembayaran which can be used as payment instruments,
dan penarikannya dapat dilakukan setiap and can be withdrawn at any time through
saat melalui cek atau pemindahbukuan cheque, or transferred through current account
dengan bilyet giro dan sarana perintah drafts and other transfer instruction media.
pembayaran lainnya. Giro dinyatakan Demand deposits are stated at the amounts
sebesar nilai titipan pemegang giro di Bank. entrusted to the Bank by the depositors.
Giro Wadiah merupakan titipan dana pihak Wadiah demand deposits represent entrusted
ketiga yang setiap saat tersedia untuk third party funds which are available for
dikembalikan dan dapat diberikan bonus withdrawal at any time and earn bonus based
sesuai kebijakan Bank. Giro Wadiah on the Bank’s policy. Wadiah demand deposits
dinyatakan sebesar nilai titipan pemegang are stated at the amounts invested by the
giro di Bank. depositors in the Bank.
Tabungan merupakan simpanan nasabah Savings deposits represent customer funds

yang penarikannya hanya dapat dilakukan which can be withdrawn by the depositors only
nasabah sesuai dengan persyaratan tertentu under certain conditions. Savings deposits are
yang disepakati. Tabungan dinyatakan stated at the agreed amounts due to the
sebesar nilai kewajiban pada pemilik depositors.
tabungan.
Tabungan Wadiah merupakan simpanan Wadiah savings deposits represent third party
pihak lain yang mendapatkan bonus funds which earn bonus based on the Bank’s
berdasarkan kebijaksanaan Bank. Tabungan policy. Mudharabah savings deposits
Mudharabah merupakan dana pihak ketiga represent third party funds which earn profit
yang mendapatkan imbalan bagi hasil dari sharing from the Bank’s revenue for the use of
pendapatan Bank atas penggunaan dana funds in accordance with the agreed nisbah
tersebut sesuai dengan nisbah yang telah (Note 2k). Wadiah and Mudharabah savings
disepakati (Catatan 2k). Tabungan Wadiah deposits are stated at the amounts invested by
dan Mudharabah dinyatakan sebesar nilai the depositors in the Bank.
investasi pemegang tabungan di Bank.
Deposito berjangka merupakan simpanan Time deposits represent customer funds which
nasabah yang penarikannya hanya dapat can be withdrawn by the depositors only on
dilakukan nasabah pada waktu tertentu specific maturity dates based on the
sesuai dengan perjanjian antara pemegang agreements between the depositors and the
deposito berjangka dengan Bank. Deposito Bank. Time deposits are stated at the nominal
berjangka dinyatakan sebesar nilai nominal amounts stated in the certificates issued by the
yang tercantum dalam sertifikat yang Bank in accordance with the agreements
diterbitkan oleh Bank, sesuai dengan between the depositors and the Bank.
perjanjian antara pemegang deposito
berjangka dengan Bank.
Deposito berjangka Mudharabah merupakan Mudharabah time deposits represent third
simpanan pihak ketiga dengan bagi hasil party placements in which the profit sharing is
sesuai dengan nisbah yang telah disepakati in accordance with the nisbah as determined
di muka. Pemegang deposito hanya bisa and agreed in advance. Depositors are entitled
menarik deposito tersebut pada waktu to withdraw the funds at specific dates in
tertentu sesuai dengan perjanjian antara accordance with agreements between the
pemegang deposito dengan Bank. Deposito depositors and the Bank. Mudharabah time
berjangka Mudharabah dinyatakan sebesar deposits are stated at the amounts stated in
nilai nominal yang tercantum dalam sertifikat the certificates issued by the Bank in
yang diterbitkan oleh Bank, sesuai dengan accordance with the agreements between the
perjanjian antara pemegang deposito dengan depositors and the Bank.
Bank.
57

p. Simpanan (lanjutan) p. Deposits (continued)
Simpanan nasabah diklasifikasikan sebagai Deposits from customers are classified as

liabilitas keuangan lainnya dan diukur pada other financial liabilities and measured at
biaya perolehan diamortisasi menggunakan amortized cost using the effective interest
suku bunga efektif, kecuali simpanan yang method, except for sharia deposits and
didasarkan pada prinsip perbankan syariah temporary syirkah fund which are stated at the
dan dana syirkah temporer yang dinyatakan Bank’s liability to the customers. Incremental
sebesar kewajiban Bank kepada nasabah. costs that can be attributed directly to the
Biaya tambahan yang dapat diatribusikan acquisition of deposits from customers are
secara langsung kepada perolehan simpanan deducted from total deposits received.
nasabah, dikurangkan dari jumlah simpanan
yang diterima.
q. Simpanan dari bank lain q. Deposits from other banks
Simpanan dari bank lain merupakan Deposits from other banks represent liabilities
kewajiban kepada bank lain, dalam bentuk to other banks, in the form of savings deposits,
tabungan, giro, deposito berjangka dan inter- demand deposits, time deposits and inter-bank
bank call money. call money.
Simpanan dari bank lain diklasifikasikan Deposits from other banks are classified as
sebagai liabilitas keuangan lain dan diukur other financial liabilities and measured at
pada biaya perolehan diamortisasi amortized cost using the effective interest
menggunakan suku bunga efektif kecuali method except for sharia deposits which are
simpanan syariah yang dinyatakan sebesar stated at the Bank’s liability amount to the
nilai kewajiban Bank kepada nasabah. Biaya customer. Incremental costs that can be
tambahan yang dapat diatribusikan secara attributed directly to the acquisition of deposits
langsung kepada perolehan simpanan dari from other banks are deducted from the total
bank lain dikurangkan dari jumlah simpanan deposits received.
yang diterima.
r. Surat-surat berharga yang dijual dengan r. Securities sold under repurchase

janji untuk dibeli kembali agreements
Efek yang dijual dengan janji untuk dibeli Securities sold under agreements to
kembali disajikan sebagai liabilitas dalam repurchase are presented as liabilities in the
laporan posisi keuangan sebesar jumlah statements of financial position, at the
pembelian kembali, dikurangi dengan bunga repurchase price, net of unamortized prepaid
dibayar di muka yang belum diamortisasi. interest. The difference between the selling
Selisih antara harga jual dan harga beli price and the repurchase price is treated as
kembali diperlakukan sebagai biaya dibayar prepaid expenses and recognized as expense
di muka dan diakui sebagai beban selama over the period starting from when those
jangka waktu sejak efek-efek tersebut dijual securities are sold until they are repurchased
hingga dibeli kembali menggunakan metode using the effective interest method. Securities
suku bunga efektif. Efek-efek yang dijual sold under agreements to repurchase are
dengan janji untuk dibeli kembali classified as other financial liabilities measured
diklasifikasikan sebagai liabilitas keuangan at amortized cost.
lainnya yang diukur dengan biaya perolehan
diamortisasi.
s. Surat-surat berharga yang diterbitkan s. Securities issued
Surat-surat berharga yang diterbitkan Securities issued include bonds traded in the
termasuk obligasi yang diperdagangkan di capital market.
pasar modal.
58

s. Surat-surat berharga yang diterbitkan s. Securities issued (continued)

(lanjutan)
Surat-surat berharga yang diterbitkan Securities issued are classified as other

diklasifikasikan sebagai liabilitas keuangan financial liabilities which are measured at
lainnya yang diukur pada biaya perolehan amortized cost using the effective interest
diamortisasi dengan menggunakan metode method. Amortized cost is calculated by taking
suku bunga efektif. Biaya perolehan into account any premium or discount at initial
diamortisasi dihitung dengan memperhatikan recognition and incremental costs directly
premi atau diskonto pada saat pengakuan attributable to the issuance of debt securities
awal dan biaya yang langsung terkait dengan that are integral part of effective interest rate.
penerbitan efek hutang yang merupakan
bagian yang tidak terpisahkan dari suku
bunga efektif.
Surat-surat berharga yang diterbitkan dicatat Securities issued are presented at nominal
sebesar nilai nominal premium atau diskonto value net of unamortized premium or discount.
yang belum diamortisasi. Biaya yang timbul Costs incurred related to securities issued are
berkaitan dengan surat-surat berharga yang presented as deduction from the proceeds of
diterbitkan dicatat sebagai faktor pengurang securities issued and amortized over the term
hasil penerbitan surat-surat berharga yang of the securities using the effective interest
diterbitkan dan diamortisasi sepanjang method.
jangka waktu surat berharga dengan
menggunakan metode bunga efektif.
Perbedaan antara nilai tercatat surat-surat The difference between the carrying amount of
berharga yang diterbitkan dan nilai beli securities issued and repurchased value are
kembali tidak diakui sebagai keuntungan atau not recognized as gain or loss in the
kerugian dalam laporan laba rugi statements of comprehensive income.
komprehensif.
Surat-surat berharga yang diterbitkan Bank Securities issued and purchased by the Bank
yang dibeli dengan maksud untuk dijual with the intention to resell (treasury bonds) are
kembali (obligasi dalam perbendaharaan) presented as a deduction from the securities
disajikan sebagai pengurang surat-surat issued. The repurchase of securities issued
berharga yang diterbitkan. Pembelian which is not intended to be a payment is
kembali surat-surat berharga yang diterbitkan treated in the financial statement as if there is
yang tidak dimaksudkan sebagai pelunasan, a payment. The difference between the
diperlakukan seolah-olah telah terjadi nominal amount and fair value at the date of
pelunasan dalam laporan keuangan. Selisih buy-back is credited or charged to the current
antara nilai nominal surat-surat berharga year statements of comprehensive income.
dengan nilai wajar pada tanggal pembelian Interest income from treasury securities is
kembali dikreditkan atau dibebankan pada presented as a deduction of interest expense.
laporan laba rugi komprehensif tahun
berjalan. Pendapatan bunga yang dihasilkan
dari surat-surat berharga dalam
perbendaharaan disajikan sebagai
pengurang atas biaya bunga.
t. Pinjaman yang diterima t. Fund borrowings
Pinjaman yang diterima merupakan dana Fund borrowings are funds received by the
yang diterima oleh Bank dari Bank Indonesia, Bank from Bank Indonesia, the Government
Pemerintah dan lembaga pembiayaan lain and other financing institutions with payment
dengan kewajiban pembayaran berdasarkan obligation based on borrowing agreements.
perjanjian pinjaman.
59

t. Pinjaman yang diterima (lanjutan) t. Fund borrowings (continued)
Pinjaman yang diterima pada awalnya diakui Fund borrowings are initially recognized at fair
sebesar nilai wajar dan selanjutnya diukur value and subsequently measured at
pada biaya perolehan diamortisasi dengan amortized cost using the effective interest
menggunakan metode bunga efektif. Biaya method. Amortized cost is calculated by taking
perolehan diamortisasi dihitung dengan into account any discount or premium related
memperhitungkan diskonto atau premium to the initial recognition of fund borrowings and
yang terkait dengan pengakuan awal transaction costs that are integral part of the
pinjaman yang diterima dan biaya-biaya effective interest rate.
transaksi yang merupakan bagian yang tak
terpisahkan dari suku bunga efektif.
u. Modal saham u. Capital stock
Modal saham diukur pada nilai nominal untuk Capital stock is measured at par value for all
semua saham yang diterbitkan. shares issued.
v. Saldo laba v. Retained earnings
Saldo laba merupakan saldo kumulatif dari Retained earnings represent the cumulative
hasil operasi Bank, pembagian dividen, balance of the Bank’s results of operations,
penyesuaian periode sebelumnya, efek dari dividend distributions, prior period
perubahan kebijakan akuntansi dan adjustments, effects of the changes in
penyesuaian modal lainnya. accounting policy and other capital
adjustments.
w. Pendapatan dan beban bunga w. Interest income and expense
Pendapatan dan beban bunga diakui pada Interest income and expenses are recognised
laporan laba rugi komprehensif dengan in the statements of comprehensive income
menggunakan metode suku bunga efektif. using the effective interest rate method. The
Suku bunga efektif adalah suku bunga yang effective interest rate is the rate that exactly
secara tepat mendiskontokan estimasi discounts the estimated future cash payments
pembayaran atau penerimaan kas di masa or receipts over the expected life of the
datang selama perkiraan umur dari aset financial instrument (or, where appropriate, a
keuangan atau liabilitas keuangan (atau, jika shorter period) to obtain the carrying amount
lebih tepat, digunakan periode yang lebih of the financial asset or financial liability.
singkat) untuk memperoleh nilai tercatat
bersih dari aset keuangan atau liabilitas
keuangan.
Pada saat menghitung suku bunga efektif, When calculating the effective interest rate, the
Bank mengestimasi arus kas di masa datang Bank estimates future cash flows considering
dengan mempertimbangkan seluruh all contractual terms of the financial instrument
persyaratan kontraktual dalam instrumen but not future credit losses. This calculation
keuangan tersebut, tetapi tidak includes all commissions, fees, and other
mempertimbangkan kerugian kredit di masa forms received by the parties in the contract
mendatang. Perhitungan ini mencakup that are an integral part of the effective interest
seluruh komisi, provisi, dan bentuk lain yang rate.
diterima oleh para pihak dalam kontrak yang
merupakan bagian tidak terpisahkan dari
suku bunga efektif.
Jika aset keuangan atau nilai kelompok aset If a financial asset or group of similar financial
keuangan serupa telah diturunkan sebagai assets’ value has diminished as a result of
akibat kerugian penurunan nilai, maka impairment losses, interest income
pendapatan bunga yang diperoleh subsequently obtained is recognized based on
setelahnya diakui berdasarkan suku bunga the interest rate used to discount future cash
yang digunakan untuk mendiskonto arus kas flows in calculating impairment losses.
masa datang dalam menghitung kerugian
penurunan nilai.
60

w. Pendapatan dan beban bunga (lanjutan) w. Interest income and expense (continued)
Kredit yang pembayaran angsuran pokok Loans for which the principal or interest has
atau bunganya telah lewat 90 (sembilan been past due for 90 (ninety days) or more, or
puluh) hari atau lebih setelah jatuh tempo, where reasonable doubt exists as to the timely
atau kredit yang pembayarannya secara collection, are generally classified as impaired
tepat waktu diragukan, secara umum loans. Interest accrued but not yet collected is
diklasifikasikan sebagai kredit yang reversed when a loan is classified as impaired
mengalami penurunan nilai (impairment). loan.
Bunga yang telah diakui tetapi belum tertagih
akan dibatalkan pada saat kredit
diklasifikasikan sebagai kredit yang
mengalami penurunan nilai.
x. Pendapatan provisi dan komisi x. Fees and commissions
Pendapatan provisi dan komisi yang Fees and commissions directly related to
berkaitan langsung dengan kegiatan lending activities, or fee and commission
pinjaman, atau pendapatan provisi dan income which relates to a specific period, is
komisi yang berhubungan dengan jangka amortized over the term of the contract using
waktu tertentu, diamortisasi sesuai dengan the effective interest method and classified as
jangka waktu kontrak menggunakan metode part of interest income in the statements of
suku bunga efektif dan diklasifikasikan comprehensive income.
sebagai bagian dari pendapatan bunga pada
laporan laba rugi komprehensif.
y. Pendapatan bagi hasil dan beban bonus y. Sharia profit sharing income and bonus
secara syariah expense
Pendapatan bagi hasil secara syariah Sharia profit sharing income represents
merupakan pendapatan istishna, marjin income from istishna, margin from murabahah,
murabahah, bonus dan bagi hasil bonuses and profit-sharing on mudharabah
pembiayaan mudharabah dan musyarakah and musyarakah financing and other earning
serta aset produktif lainnya yang diakui assets which are recognized on the accrual
dengan menggunakan metode akrual. Beban basis. Sharia bonus expense represents the
bonus secara syariah merupakan distribusi bonus distribution and profit-sharing to fund
bonus dan bagi hasil kepada pemilik dana owners which are recognized on an accrual
yang diakui berdasarkan metode akrual. basis.
Pendapatan Istishna diakui apabila telah Income from istishna is recognized at the date
terjadi penyerahan barang. Pengakuan of transfer of assets. Murabahah income by
keuntungan transaksi murabahah dengan deferred payment or by installment is
pembayaran tangguh atau secara angsuran recognized during the period of the contract
dilakukan selama periode akad sesuai based on the level of risk and the effort to
dengan tingkat risiko dan upaya untuk realize the income. The methods implemented
merealisasikan keuntungan tersebut. Metode by the Bank are as follows:
yang diterapkan Bank adalah sebagai
berikut:
61

y. Pendapatan bagi hasil dan beban bonus y. Sharia profit sharing income and bonus
secara syariah (lanjutan) expense (continued)
1) Metode efektif (anuitas) sesuai dengan 1) Effective method (annuity) based on the
jangka waktu akad: term of the contract:
a) Untuk murabahah dengan pembayaran a) For murabahah with deferred

ditangguhkan selama satu tahun. payments within one year.
b) Untuk murabahah dengan pembayaran b) For murabahah with deferred

ditangguhkan lebih dari satu tahun payments of more than one year,
dimana terdapat risiko penagihan kas where the risk of collection of the
dari piutang atau piutang tak tertagih, receivables (bad debts) and/or
dan/atau beban pengelolaan serta administration expense to collect
penagihan piutang tersebut relatif receivables are relatively small.
menjadi kecil.
2) Proporsional garis lurus sesuai jangka waktu 2) Proportionately over the term of contract
akad untuk murabahah dengan pembayaran for murabahah with deferred payments
ditangguhkan lebih dari satu tahun dimana cover more than one year where the risk
risiko piutang tak tertagih dan/atau beban of collection of the receivables (bad debts)
pengelolaan serta penagihan piutang relatif and/or the administration expenses to
menjadi besar. collect receivables are relatively high.
Total pendapatan marjin dan bagi hasil atas Total margin and profit sharing on the sharia
pembiayaan/piutang syariah dan dari aset financing/receivables transactions and other
produktif lainnya yang akan dibagikan earning assets for distribution to the depositors
kepada nasabah penyimpan dana dan Bank, and the Bank are computed proportionately
dihitung secara proporsional sesuai dengan based on allocation of funds from the
alokasi dana nasabah dan Bank yang dipakai depositors and the Bank to be used to finance
dalam piutang murabahah dan pembiayaan the murabahah receivables and mudharabah
mudharabah dan musyarakah yang diberikan and musyarakah financing and other earning
dan aset produktif lainnya yang disalurkan. assets financed. The total available margin
Dari total pendapatan marjin dan bagi hasil income and profit sharing for such customers
yang tersedia untuk nasabah tersebut are distributed to customers as “shahibul maal”
kemudian dibagihasilkan ke nasabah sebagai (owner of funds) and to the Bank as
shahibul maal dan Bank sebagai mudharib “mudharib” (fund manager) in accordance with
sesuai dengan porsi nisbah bagi hasil yang a mutually pre-determined ratio (nisbah).
telah disepakati bersama sebelumnya.
Pendapatan marjin dan bagi hasil atas Margin income and profit sharing from
pembiayaan yang diberikan dan aset financing and other earning assets from the
produktif lainnya yang memakai dana Bank, use of the Bank’s funds all belong to the Bank.
seluruhnya menjadi milik Bank.
62

z. Imbalan kerja z. Employee benefits
Efektif 1 Januari 2012, Bank menerapkan Effective January 1, 2012, the Bank adopted
PSAK No. 24 (Revisi 2010), “Imbalan Kerja”, SFAS No. 24 (Revised 2010), “Employee
yang mengatur perlakuan akuntansi dan Benefits”, which regulates the accounting and
pengungkapan atas imbalan kerja, baik disclosure for employee benefits, both short-
jangka pendek (misalnya pembayaran cuti term (e.g., paid annual leave, paid sick leave)
tahunan, pembayaran cuti sakit) dan jangka and long-term (e.g., long-service leave, post-
panjang (misalnya, pembayaran cuti besar, employment medical benefits). The Bank has
manfaat kesehatan pasca-kerja). Bank telah chosen the 10% corridor method for the
memilih metode koridor 10% untuk recognition of actuarial gains and losses. The
pengakuan keuntungan dan kerugian Bank also requires recognition of liability and
aktuaria. Bank juga diharuskan untuk expense when an employee has provided
mengakui kewajiban dan beban pada saat service and the entity consumes economic
karyawan telah memberikan jasa serta benefit arising from the service.
entitas telah menerima manfaat ekonomi dari
jasa tersebut.
Imbalan kerja jangka pendek Short-term employee benefits
Imbalan kerja jangka pendek seperti upah, Short-term employee benefits such as wages,
iuran jaminan sosial, cuti jangka pendek, social security contributions, short-term
bonus dan imbalan non-moneter lainnya compensated leaves, bonuses and other non-
diakui selama periode jasa diberikan. monetary benefits are recognized during the
Imbalan kerja jangka pendek dihitung period when services have been rendered.
sebesar jumlah yang tidak didiskontokan. Short-term employee benefits are measured
using undiscounted amounts.
Program pensiun iuran pasti Defined contribution plan
Iuran kepada dana pensiun sebesar Contribution payable to a pension fund

persentase tertentu gaji pegawai yang equivalent to a certain percentage of salaries
menjadi peserta program pensiun iuran pasti for qualified employees under the Bank’s
Bank, dicadangkan dan diakui sebagai biaya defined contribution plan is accrued and
ketika jasa telah diberikan oleh pegawai- recognized as expense when services have
pegawai tersebut. Pembayaran dikurangkan been rendered by qualified employees. Actual
dari utang iuran. Iuran terutang dihitung payments are deducted from the contribution
berdasarkan jumlah yang tidak payable. Contribution payable is measured
didiskontokan. using undiscounted amounts.
Program imbalan pasti dan imbalan kerja Defined benefit plan and other long-term
jangka panjang lainnya employee benefits
Imbalan pasca-kerja dan imbalan kerja The post-employment benefits and other long-
jangka panjang lainnya seperti cuti panjang term employee benefits such as long service
dan penghargaan dicadangkan dan diakui leave and awards are accrued and recognized
sebagai biaya ketika jasa telah diberikan oleh as expense when services have been
pegawai yang menjadi peserta program rendered by qualified employees. The benefits
pensiun Bank. Imbalan kerja ditentukan are determined based on the Bank’s
berdasarkan peraturan Bank dan persyaratan regulations and the minimum requirements of
minimum Undang-undang Tenaga Kerja Labor Law No. 13/2003, whichever is higher.
No. 13/2003, mana yang lebih tinggi.
63

z. Imbalan kerja (lanjutan) z. Employee benefits (continued)
Program imbalan pasti dan imbalan kerja Defined benefit plan and other long-term
jangka panjang lainnya (lanjutan) employee benefits (continued)
Imbalan pasca-kerja dan imbalan kerja The post-employment benefits and other long-
jangka panjang lainnya secara aktuaris term employee benefits are actuarially
ditentukan berdasarkan metode Projected determined using the Projected Unit Credit
Unit Credit. Perkiraan liabilitas pada tanggal Method. The estimated liability at the
laporan posisi keuangan merupakan nilai kini statement of financial position date represents
imbalan pasti pada tanggal laporan posisi the present value of the defined benefits
keuangan, dikurangi nilai wajar aset program obligation at statement of financial position
dan penyesuaian terhadap keuntungan/ date, less the fair value of plan assets, and
kerugian aktuaria yang belum diakui, biaya adjusted for unrecognized actuarial gains or
jasa masa lalu yang belum menjadi hak losses, non-vested past service costs,
(vested), biaya pemutusan kontrak kerja dan termination costs and curtailment gain or loss.
keuntungan/kerugian kurtailmen.
Biaya imbalan pasca-kerja yang diakui The post-employment benefits expense

selama tahun berjalan terdiri dari biaya jasa recognized during the current year consists of
kini, bunga atas liabilitas, keuntungan atau current service cost, interest on obligation,
kerugian aktuaria dan biaya jasa lalu dan actuarial gains or losses and past service
dikurangi dengan iuran pegawai dan hasil costs and reduced by employees’ contributions
yang diharapkan dari aset program. and expected return on plan assets.
Keuntungan atau kerugian aktuaria dari Actuarial gains or losses arising from
penyesuaian dan perubahan asumsi aktuaria experience adjustments and changes in
sebagai kelebihan atas nilai yang lebih tinggi actuarial assumptions in excess of the greater
antara 10% dari nilai wajar aset program atau of 10% of the fair value of plan assets or 10%
10% dari nilai kini liabilitas imbalan pasti of the present value of the defined benefit
pada awal periode diamortisasi dan diakui obligations at the beginning of the year are
sebagai biaya atau keuntungan selama amortized and recognized as expense or gain
perkiraan rata-rata sisa tahun jasa pegawai over the expected average remaining service
yang masuk program pensiun. years of qualified employees.
Biaya imbalan masa lalu diakui sebagai Past service costs are recognized immediately
beban, kecuali untuk biaya jasa masa lalu as expense, except for non-vested past
yang belum menjadi hak (vested) yang service costs which are amortized and
diamortisasi dan diakui sebagai biaya selama recognized as expense over the vesting
periode hak. period.
Biaya pemutusan kontrak kerja dan Termination costs and curtailment gain or loss
keuntungan/kerugian kurtailmen diakui pada are recognized in the period when Bank is
periode ketika Bank menunjukkan demonstrably committed to make a material
komitmennya untuk mengurangi secara reduction in the number of employees covered
signifikan jumlah pekerja yang ditanggung by a plan.
oleh program.
64

aa. Transaksi dan saldo dalam mata uang aa. Foreign currency transactions and
asing balances
Transaksi dalam mata uang asing dicatat Transactions involving foreign currencies are
berdasarkan kurs yang berlaku pada saat recorded at the rates of exchange prevailing at
transaksi dilakukan. Pada tanggal laporan the time the transactions are made. At
posisi keuangan, aset dan liabilitas moneter statement of financial position dates, monetary
dalam mata uang asing dijabarkan ke dalam assets and liabilities denominated in foreign
mata uang Rupiah berdasarkan kurs spot currencies are translated into Rupiah based on
Reuters pada tanggal tersebut pukul 16.00 Reuters’ spot rates at 16.00 WIB (West
WIB. Laba atau rugi kurs yang terjadi diakui Indonesian local time) on that date. The
di dalam laporan laba rugi komprehensif resulting gains or losses are recognized in the
tahun berjalan. statement of comprehensive income for the
current year.
Pada tanggal-tanggal 31 Desember 2013, As of December 31, 2013, 2012, and 2011, the
2012, dan 2011, kurs yang digunakan untuk exchange rates used in translating the foreign
menjabarkan mata uang asing ke dalam currencies into Rupiah are as follows (full
Rupiah adalah sebagai berikut (Rupiah Rupiah):
penuh):
2013 2012 2011
1 Dolar Amerika Serikat 12.170,00 9.637,50 9.067,50 United States Dollar 1

1 Poundsterling Inggris 20.110,93 15.514,93 13.975,29 British Poundsterling 1
1 Euro Eropa 16.759,31 12.731,62 11.714,76 European Euro 1
1 Yen Jepang 115,75 111,77 116,82 Japanese Yen 1
1 Dolar Singapura 9.622,08 7.878,61 6.983,55 Singapore Dollar 1
1 Dolar Australia 10.855,65 10.007,10 9.205,78 Australian Dollar 1
1 Dolar Hong Kong 1.569,54 1.243,27 1.167,23 Hong Kong Dollar 1
ab. Pajak penghasilan ab. Income tax
Bank menerapkan PSAK No. 46 (Revisi The Bank applied SFAS No. 46 (Revised
2010) “Pajak Penghasilan”. Penerapan PSAK 2010) “Accounting for Income Tax”. The
No. 46 (Revisi 2010) tidak memiliki dampak adoption of SFAS No. 46 (Revised 2010) has
yang signifikan terhadap laporan keuangan no significant impact on the financial reporting
dan pengungkapan dalam laporan keuangan and disclosures in the financial statements.
Bank.
Beban pajak tahun berjalan ditetapkan Current tax expense is provided based on the
berdasarkan taksiran penghasilan kena pajak estimated taxable income for the current year.
tahun berjalan. Aset dan liabilitas pajak Deferred tax assets and liabilities are
tangguhan diakui atas perbedaan temporer recognized for temporary differences between
aset dan liabilitas antara pelaporan komersial the financial and the tax bases of assets and
dan pajak pada setiap tanggal pelaporan. liabilities at each reporting date.
65

ab. Pajak penghasilan (lanjutan) ab. Income tax (continued)
Aset pajak tangguhan diakui menggunakan Deferred tax assets are recognized, using the
metode liabilitas posisi keuangan untuk statement of financial position liability method,
seluruh perbedaan temporer yang boleh for all deductible temporary differences and
dikurangkan dan saldo rugi fiskal yang belum carry forward of unused tax losses to the
digunakan, sepanjang besar kemungkinan extent that it is probable that future taxable
perbedaan temporer yang boleh dikurangkan profits will be available against which the
dan saldo rugi fiskal yang belum digunakan deductible temporary differences and carry
tersebut dapat dimanfaatkan untuk forward of unused tax losses can be utilized.
mengurangi laba fiskal pada masa yang akan
datang.
Jumlah tercatat aset pajak tangguhan The carrying amount of deferred tax assets is
ditelaah pada setiap tanggal neraca dan nilai reviewed at each reporting date and reduced
tercatat aset pajak tangguhan tersebut to the extent that it is no longer probable that
diturunkan apabila tidak lagi terdapat sufficient taxable profits will be available to
kemungkinan besar bahwa laba fiskal yang allow all or part of the benefit of the deferred
memadai akan tersedia untuk tax assets to be utilized.
mengkompensasi sebagian atau semua
manfaat aset pajak tangguhan.
Aset dan kewajiban pajak tangguhan diukur Deferred tax assets and liabilities are
berdasarkan tarif pajak yang akan berlaku measured at the tax rates that are expected to
pada tahun saat aset direalisasikan atau apply to the year when the asset is realized or
liabilitas diselesaikan berdasarkan peraturan the liability is settled based on tax laws that
perpajakan yang berlaku atau yang telah have been enacted or substantively enacted
secara substantif telah diberlakukan pada as at statement financial position date. The
tanggal laporan posisi keuangan. Pengaruh related tax effects of the provisions for and/or
pajak terkait dengan penyisihan untuk reversals of all temporary differences during
dan/atau pembalikan seluruh perbedaan the year, including the effect of change in tax
temporer selama tahun berjalan, termasuk rates, are recognized as “Income Tax
pengaruh perubahan tarif pajak, diakui Expense - Deferred” and included in the
sebagai “Beban Pajak Penghasilan, determination of net profit or loss for the year,
Tangguhan” dan termasuk dalam laba atau except to the extent that they relate to items
rugi neto tahun berjalan, kecuali untuk previously charged or credited to equity.
transaksi-transaksi yang sebelumnya telah
langsung dibebankan atau dikreditkan ke
ekuitas.
Koreksi atas liabilitas pajak diakui pada saat Amendment to tax obligation is recorded when
surat ketetapan pajak diterima, atau apabila an assessment letter is received or, if objected
diajukan keberatan dan atau banding oleh to or appealed against by the Bank, when the
Bank, pada saat telah ada keputusan atas result of such appeal or objection is
banding dan atau keberatan tersebut. determined.
66

ac. Pelaporan segmen ac. Segment reporting
Informasi segmen diungkapkan untuk Segment information is disclosed to enable

memungkinkan pengguna laporan users of financial statements to evaluate the
keuangan untuk mengevaluasi sifat dan nature and financial effects of the business
dampak keuangan dari aktivitas bisnis yang activities in which the Bank is involved in and
mana Bank terlibat dalam lingkungan the economic environment where the Bank
ekonomi dimana Bank beroperasi. operates.
Segmen operasi adalah suatu komponen An operating segment is a component of an

dari entitas: entity:
a) yang terlibat dalam aktivitas bisnis yang a) that engages in business activities from
mana memperoleh pendapatan dan which it may earn revenues and incur
menimbulkan beban (termasuk expenses (including revenues and
pendapatan dan beban terkait dengan expenses relating to transactions with
transaksi dengan komponen lain dari other components of the same entity);
entitas yang sama);
b) hasil operasinya dikaji ulang secara b) whose operating results are reviewed
reguler oleh pengambil keputusan regularly by the entity’s chief operating
operasional untuk membuat keputusan decision maker to make decisions about
tentang sumber daya yang dialokasikan resources to be allocated to the segment
pada segmen tersebut dan menilai and assess its performance; and
kinerjanya; dan
c) tersedia informasi keuangan yang dapat c) for which discrete financial information is
dipisahkan. available.
Bank menyajikan segmen-segmen operasi The Bank presents operating segments based
berdasarkan laporan internal bank yang on its internal reporting to the chief operating
disajikan kepada pengambil keputusan decision maker in accordance with SFAS No.
operasional sesuai PSAK No. 5 (Revisi 5 (Revised 2009), “Operating Segments”. The
2009), “Segmen Operasi”. Pengambil Bank’s chief operating decision maker is the
keputusan operasional Bank adalah Dewan Board of Directors.
Direksi.
Bank telah mengidentifikasi dan The Bank identifies and discloses financial
mengungkapkan informasi keuangan information based on the business activities in
berdasarkan kegiatan bisnis dimana Bank which the Bank engages (business segments)
terlibat (segmen usaha). Segmen in. Segment revenues, expenses, income,
pendapatan, biaya, hasil, aset dan liabilitas, assets and liabilities include ítems directly
termasuk bagian yang dapat diatribusikan attributable to a segment as well as those that
langsung kepada segmen, serta yang dapat can be allocated on a reasonable basis to that
dialokasikan dengan dasar yang memadai segment.
untuk segmen tersebut.
ad. Laba per saham dasar dan dilusian ad. Basic and diluted earnings per share
Laba per saham dasar dan dilusian dihitung Basic and diluted earnings per share is
dengan membagi laba tahun berjalan dengan computed by dividing income for the year by
rata-rata tertimbang jumlah saham yang the weighted average number of shares
beredar pada periode yang bersangkutan. outstanding during the current year.
Laba per saham dilusian dihitung setelah Diluted earnings per share is computed after
dilakukan penyesuaian terhadap jumlah rata- making the necessary adjustments to the
rata tertimbang saham biasa yang beredar weighted average number of common shares
dengan asumsi bahwa seluruh opsi saham outstanding assuming full execise of employee
karyawan dieksekusi pada harga yang telah stock options at the time of the issuance using
ditentukan pada saat penerbitan opsi saham the determined exercise price.
tersebut.
67

ae. Dividen ae. Dividends
Pembagian dividen kepada para pemegang Dividend distribution to the shareholders is

saham diakui sebagai liabilitas dalam laporan recognized as a liability in the financial
keuangan pada periode ketika dividen statements in the period in which the
tersebut disetujui oleh para pemegang dividends are approved by the shareholders.
saham.
af. Biaya emisi penerbitan saham af. Shares issuance costs
Sesuai dengan Peraturan No. VIII.G.7 Based on the Regulation No. VIII.G.7,
lampiran Surat Keputusan Bapepam appendix of Bapepam Decision Letter
No. Kep-347/BL/2012 tanggal 25 Juni 2012 No. Kep-347/BL/2012 dated June 25, 2012
mengenai “Penyajian dan Pengungkapan regarding “Financial Statement Presentation
Laporan Keuangan Emiten atau Perusahaan and Disclosure for Issuers or Public
Publik”, biaya-biaya emisi efek yang terjadi Companies”, costs related to the public
sehubungan dengan penawaran saham offering of shares (including pre-emptive
kepada masyarakat (termasuk penerbitan rights issue) are deducted from the proceeds
hak memesan efek terlebih dahulu) and presented as a deduction from the
dikurangkan langsung dari hasil emisi dan “Additional Paid-in-Capital - Net” account,
disajikan sebagai pengurang pada akun under Equity section in the statement of
“Tambahan Modal Disetor - Neto”, sebagai financial position.
bagian dari Ekuitas pada laporan posisi
keuangan.
ag. Opsi Saham ag. Stock Options
Bank telah memberikan opsi saham kepada The Bank has granted stock options to
Direksi dan pekerja pada posisi dan jabatan Directors and employees of certain positions
tertentu berdasarkan persyaratan yang telah and levels based on established criteria. Cost
ditetapkan. Biaya kompensasi saham pada of stock compensation at the issuance date is
penerbitan dihitung dengan menggunakan calculated using the fair value of the stock
nilai wajar dari opsi saham tersebut dan options and is recognized as part of "Salaries
diakui dalam akun “Beban Tenaga Kerja dan and Employee Benefits Expense" using the
Tunjangan” menggunakan metode garis lurus straight-line method over the vesting period.
selama masa tunggu (vesting period). The accumulation of the stock compensation
Akumulasi dari biaya kompensasi saham cost is recognized as "Stock Options" in the
diakui sebagai “Opsi Saham” dalam bagian equity.
ekuitas.
Penentuan nilai wajar dari opsi saham yang The fair value of the stock options granted
diberikan dihitung dengan menggunakan are calculated using the Binomial-tree option
model penentuan harga opsi Binomial-tree pricing model.
(Binomial-tree option pricing model).
Sejak 1 Januari 2012, Bank menerapkan Beginning January 1, 2012 the Bank adopted
SFAS No. 53 (Revisi 2010) “Pembayaran SFAS No. 53 (Revised 2010) “Share Based
Berbasis Saham”. Payment”.
68

ah. Cadangan kerugian penurunan nilai aset ah. Allowance for impairment losses on non-
non-produktif dan komitmen dan earning assets and commitments and
kontinjensi contingencies
Sesuai dengan Surat Edaran Bank Indonesia In accordance with Bank Indonesia Circular
(SE-BI) No. 13/658/DPNP/DPnP tanggal Letter (SE-BI) No. 13/658/DPNP/DPnP dated
23 Desember 2011, Bank tidak diwajibkan December 23, 2011, the Bank is not required
lagi untuk membentuk cadangan kerugian to provide an allowance for impairment losses
penurunan nilai atas aset non-produktif dan on non-earning assets and administrative
transaksi rekening administratif (komitmen account transactions (commitments and
dan kontinjensi), namun Bank tetap harus contingencies), but the Bank should still
menghitung cadangan kerugian penurunan calculate the allowance for impairment losses
nilai mengacu pada standar akuntansi yang in accordance with the applicable accounting
berlaku. standards.
ai. Provisi ai. Provisions
Provisi diakui jika Bank memiliki kewajiban Provisions are recognized when the Bank has
kini (baik bersifat hukum maupun bersifat a present obligation (legal or constructive)
konstruktif) yang akibat peristiwa masa lalu, where, as a result of a past event, it is
besar kemungkinannya besar penyelesaian probable that an outflow of resources
kewajiban tersebut mengakibatkan arus embodying economic benefits will be required
keluar sumber daya yang mengandung to settle the obligation and a reliable estimate
manfaat ekonomi dan estimasi yang andal can be made of the amount of the obligation.
mengenai jumlah kewajiban tersebut dapat
dibuat.
Provisi ditelaah pada setiap tanggal Provisions are reviewed at each reporting date
pelaporan dan disesuaikan untuk and adjusted to reflect the current best
mencerminkan estimasi terbaik yang paling estimate. If it is no longer probable that an
kini. Jika arus keluar sumber daya untuk outflow of resources embodying economic
menyelesaikan kewajiban kemungkinan benefits will be required to settle the obligation,
besar tidak terjadi, maka provisi dibatalkan. the provision is reversed.
aj. Liabilitas kontinjensi dan aset kontinjensi aj. Contingent liabilities and contingent assets
Liabilitas kontinjensi tidak diakui dalam Contingent liabilities are not recognized in the
laporan keuangan tetapi diungkapkan kecuali financial statements but are disclosed unless
jika kemungkinan terjadinya kecil. Aset the possibility of an outflow of resources
kontinjensi tidak diakui namun diungkapkan embodying economic benefits is remote.
dalam laporan keuangan ketika adanya Contingent assets are not recognized but are
kemungkinan untuk mendapatkan manfaat disclosed in the financial statement when an
ekonomi. inflow of economic benefits is probable.
ak. Peristiwa setelah periode pelaporan ak. Events after the reporting period
Setiap peristiwa setelah akhir tahun yang Any post year end event that provides
menyebabkan tambahan informasi mengenai additional information about the Bank’s
posisi keuangan Bank (adjusting event) akan financial position (adjusting event) is reflected
disesuaikan dalam laporan keuangan. in the financial statements. Post year end
Peristiwa setelah akhir tahun yang bukan events that are not adjusting events, if any, are
merupakan adjusting events, jika ada, akan disclosed when material to the financial
diungkapkan ketika memiliki dampak material statements.
terhadap laporan keuangan.
69

Perubahan atas kebijakan akuntansi Changes in accounting policy
Bank juga menerapkan standar akuntansi revisi The Bank also adopted the following revised
pada tanggal 1 Januari 2013, yang dianggap accounting standards on January 1, 2013, which
relevan dengan laporan keuangan Bank tetapi are considered relevant to the Bank’s financial
tidak memiliki dampak yang signifikan, kecuali statement but did not have significant impact,
untuk pengungkapan terkait: except for the related disclosures:
Bank menerapkan standar akuntansi revisi pada The Bank adopted the revised accounting
tanggal 1 Januari 2013, yang dianggap relevan standards on January 1, 2013, which are
dengan laporan keuangan Bank tetapi tidak considered relevant to the Bank’s financial
memiliki dampak yang signifikan, adalah statement but did not have significant impact, is
Penyesuaian Standar Akuntansi Keuangan atas PSAK No. 60 “Financial Instrument: Disclosure”.
PSAK No. 60 ”Instrumen Keuangan: The amendment to the Financial Accounting
Pengungkapan”. Penyesuaian Standar Akuntansi Standard prescribes qualitative disclosures which
Keuangan ini menyediakan pengungkapan enable financial statements users to correlate the
kualitatif, dalam konteks pengungkapan kuantitatif, related disclosures, in order for financial
yang memungkinkan pengguna laporan keuangan statements users to comprehend the overall
mampu menghubungkan pengungkapan- perspective on the risk’s characteristics and level
pengungkapan terkait, sehingga pengguna laporan resulting from the financial instrument. Interaction
keuangan dapat memahami gambaran between qualitative and quantitative disclosures
keseluruhan mengenai sifat dan luas risiko yang results in information that enable financial
timbul dari instrumen keuangan. Interaksi antara statement users to better evaluate the entity’s risk
pengungkapan kualitatif dan kuantitatif exposure.
menghasilkan pengungkapan informasi dengan
suatu cara yang memungkinkan pengguna laporan
keuangan mampu mengevaluasi eksposur risiko
suatu entitas dengan lebih baik.
3. PENILAIAN DAN ESTIMASI AKUNTANSI YANG 3. SIGNIFICANT ACCOUNTING JUDGMENTS AND

SIGNIFIKAN ESTIMATES
Pertimbangan Judgments
Penyusunan laporan keuangan Bank The preparation of the Bank’s financial statements
mengharuskan manajemen untuk membuat requires management to make judgments,
pertimbangan, estimasi dan asumsi yang estimates and assumptions that affect the reported
mempengaruhi jumlah yang dilaporkan dari amounts of revenues, expenses, assets and
pendapatan, beban, aset dan liabilitas, dan liabilities, and the disclosure of contingent
pengungkapan atas liabilitas kontinjensi, pada liabilities, at the end of the reporting period.
akhir periode pelaporan. Ketidakpastian mengenai Uncertainty about these assumptions and
asumsi dan estimasi tersebut dapat estimates could result in outcomes that require a
mengakibatkan penyesuaian material terhadap material adjustment to the carrying amounts of the
nilai tercatat aset dan liabilitas dalam periode asset and liability affected in future periods.
pelaporan berikutnya.
Pertimbangan berikut ini dibuat oleh manajemen The following judgments are made by
dalam rangka penerapan kebijakan akuntansi management in the process of applying the Bank’s
Bank yang memiliki pengaruh paling signifikan accounting policies that have the most significant
atas jumlah yang diakui dalam laporan keuangan effects on the amounts recognized in the Bank’s
Bank: financial statements:
70

SIGNIFIKAN (lanjutan) ESTIMATES (continued)
Pertimbangan (lanjutan) Judgments (continued)

Usaha yang berkelanjutan Going concern
Manajamen Bank telah melakukan penilaian atas The Bank’s management has made an
kemampuan Bank untuk melanjutkan assessment of the Bank’s ability to continue as a
kelangsungan usahanya dan berkeyakinan bahwa going concern and is satisfied that the Bank has
Bank memilki sumber daya untuk melanjutkan the resources to continue its business for the
usahanya di masa mendatang. Selain itu, foreseeable future. Furthermore, the management
manajemen Bank tidak mengetahui adanya is not aware of any material uncertainties that may
ketidakpastian material yang dapat menimbulkan cast significant doubt to the Bank’s ability to
keraguan yang signifikan terhadap kemampuan continue as a going concern. Therefore, the
Bank untuk melanjutkan usahanya. Oleh karena financial statements continues to be prepared on
itu, laporan keuangan telah disusun atas dasar the going concern basis.
usaha yang berkelanjutan.
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and financial
liabilities
Bank menetapkan klasifikasi atas aset dan The Bank determines the classifications of certain
liabilitas tertentu sebagai aset keuangan dan assets and liabilities as financial assets and
liabilitas keuangan dengan mempertimbangkan financial liabilities by judging if they meet the
bila definisi yang ditetapkan PSAK No. 55 (Revisi definition set forth in SFAS No. 55 (Revised 2011).
2011) dipenuhi. Dengan demikian, aset keuangan Accordingly, the financial assets and financial
dan liabilitas keuangan diakui sesuai dengan liabilities are accounted for in accordance with the
kebijakan akuntansi Bank seperti diungkapkan Bank’s accounting policies disclosed in Note 2.
pada Catatan 2.
Nilai wajar instrumen keuangan Fair value of financial instruments
Saat nilai wajar aset keuangan dan liabilitas Where the fair values of financial assets and
keuangan dicatat dalam laporan posisi keuangan financial liabilities recorded in the statements of
tidak dapat diperoleh dari pasar aktif, maka akan financial position cannot be derived from active
ditentukan dengan menggunakan teknik penilaian markets, these are determined using internal
intern dengan menggunakan model penilaian valuation techniques using generally accepted
pasar yang berlaku umum. Input untuk model ini, market valuation models. The inputs to these
jika memungkinkan, diambil dari pasar yang dapat models are taken from observable markets where
diobservasi, namun jika tidak dapat dilakukan, possible, but where this is not feasible, a degree of
judgment dibutuhkan dalam menentukan nilai judgment is required in establishing fair values.
wajar.
Investasi dimiliki hingga jatuh tempo Held-to-maturity securities
Surat berharga dengan klasifikasi dimiliki hingga The classification under held-to-maturity securities
jatuh tempo membutuhkan judgment yang requires significant judgment. In making this
signifikan. Dalam membuat judgment ini, Bank judgment, the Bank evaluates its intention and
mengevaluasi intensi dan kemampuan untuk ability to hold such investments to maturity. If the
memiliki investasi tersebut hingga jatuh tempo. Bank fails to keep these investments to maturity
Jika Bank gagal untuk memiliki investasi ini hingga other than in certain specific circumstances for
jatuh tempo selain dalam kondisi-kondisi tertentu example, selling an insignificant amount close to
sebagai contoh, menjual dalam jumlah yang maturity, it will be required to reclassify the entire
insignifikan saat mendekati jatuh tempo, Bank portfolio as available-for-sale securities. The
harus mereklasifikasi seluruh portofolio tersebut available-for-sale securities would therefore be
menjadi surat berharga yang tersedia untuk dijual. measured at fair value and not at amortized cost.
Surat berharga yang tersedia untuk dijual tersebut
akan diukur pada nilai wajar dan bukan
menggunakan biaya yang diamortisasi.
71

Pertimbangan (lanjutan) Judgments (continued)
Aset keuangan yang tidak memiliki harga pasar Financial assets not quoted in an active market
Bank mengklasifikasikan aset keuangan dengan The Bank classifies financial assets by evaluating,
mengevaluasi, antara lain, apakah nilai tersebut among others, whether the asset is quoted or not
dikutip atau tidak di pasar aktif. Termasuk dalam in an active market. Included in the evaluation on
evaluasi pada apakah aset keuangan yang dikutip whether a financial asset is quoted in an active
di pasar aktif adalah penentuan apakah harga market is the determination on whether quoted
pasar dapat segera dan secara teratur tersedia, prices are readily and regularly available, and
dan apakah mereka mewakili harga aktual dan whether those prices represent actual and
teratur terjadi transaksi pasar secara arms-length. regularly occurring market transactions on an
arm’s length basis.
Kontinjensi Contingencies
Bank sedang terlibat dalam proses hukum. The Bank is currently involved in legal
Perkiraan biaya kemungkinan bagi penyelesaian proceedings. The estimate of the probable cost for
klaim telah dikembangkan melalui konsultasi the resolution of claims has been developed in
dengan bantuan konsultan hukum Bank consultation with the aid of the external legal
didasarkan pada analisis hasil yang potensial. counsel handling the Bank’s defense in this matter
Manajemen tidak berkeyakinan bahwa hasil dari and is based upon an analysis of potential results.
hal ini akan mempengaruhi hasil usaha. Besar Management does not believe that the outcome of
kemungkinan, bagaimanapun, bahwa hasil operasi this matter will affect the results of operations. It is
di masa depan dapat secara material terpengaruh probable, however, that future results of operations
oleh perubahan dalam estimasi atau efektivitas could be materially affected by changes in the
dari strategi yang terkait dengan hal tersebut. estimates or in the effectiveness of the strategies
relating to these proceedings.
Penilaian Mata Uang Fungsional Assessment of Functional Currency
PSAK No. 10 (Revisi 2010) mengharuskan SFAS No. 10 (Revised 2010) requires
manajemen untuk menggunakan pertimbangan management to use its judgment to determine the
untuk menentukan mata uang fungsional yang entity’s functional currency such that it most
paling mewakili dampak ekonomi dari suatu faithfully represents the economic effects of the
transaksi, kejadian dan kondisi-kondisi yang underlying transactions, events and conditions that
relevan terhadap entitas. Dalam membuat are relevant to the entity. In making this judgment,
pertimbangan tersebut, Bank dapat the Bank considers the following:
mempertimbangkan hal-hal sebagai berikut:
1. mata uang yang mempengaruhi harga jual 1. the currency that mainly influences sales
atas instrumen keuangan dan jasa-jasa prices for financial instruments and services
lainnya (biasanya dari mata uang atas harga (this will often be the currency in which sales
jual instrumen keuangan dan jasa-jasa yang prices for its financial instruments and
telah diselesaikan); services are denominated and settled);
2. mata uang atas dana yang dihasilkan dari 2. the currency in which funds from financing
aktivitas pendanaan; dan activities are generated; and
3. mata uang atas yang biasa diterima dari 3. the currency in which receipts from operating
aktivitas operasi. activities are usually retained.
72

Estimasi dan Asumsi Estimates and Assumptions
Asumsi utama masa depan dan sumber utama The key assumptions concerning the future and
estimasi ketidakpastian lain pada tanggal other key sources of estimating uncertainty at the
pelaporan yang memiliki risiko untuk dapat reporting date that have a significant risk of
menyebabkan penyesuaian yang material causing a material adjustment to the carrying
terhadap nilai tercatat aset dan liabilitas untuk amounts of assets and liabilities within the next
tahun/periode berikutnya diungkapkan di bawah financial year are disclosed below. The Bank
ini. Bank mendasarkan asumsi dan estimasi yang based its assumptions and estimates on
digunakan pada parameter yang tersedia pada parameters available when the financial statement
saat laporan keuangan interim disusun. were prepared.
Asumsi dan situasi mengenai perkembangan Existing circumstances and assumptions about
masa depan dapat berubah akibat perubahan future developments may change due to market
pasar atau situasi yang timbul di luar kendali Bank. changes or circumstances arising beyond the
Perubahan tersebut dicerminkan dalam asumsi control of the Bank. Such changes are reflected in
yang digunakan pada saat terjadinya. the assumptions when they occur.
Cadangan kerugian penurunan nilai dari kredit Allowance for impairment losses on loans and
dan pembiayaan/piutang syariah sharia financing/receivables
Bank menelaah portofolio pinjaman dan piutang The Bank reviews its loan portfolio and receivables
setiap tahun untuk menilai penurunan nilai dengan to assess impairment on an annual basis with
memperbaharui provisi yang dibentuk selama updating provisions made during the intervals as
periode yang diperlukan berdasarkan analisis necessary based on the continuing analysis and
berkelanjutan dan pemantauan terhadap rekening monitoring of individual accounts by credit officers.
individual oleh petugas kredit.
Dalam menentukan apakah penurunan nilai harus In determining whether an impairment loss should
dibentuk dalam laporan laba rugi komprehensif, be recorded in the statement of comprehensive
Bank membuat penilaian, apakah terdapat data income, the Bank makes judgments as to whether
yang dapat diobservasi yang menunjukkan bahwa there is any observable data indicating that there is
terdapat penurunan yang dapat diukur dalam a measurable decrease in the estimated future
laporan perkiraan arus kas masa depan dari cash flows from a portfolio of loans before the
portofolio pinjaman sebelum penurunan tersebut decrease can be identified with an individual loan
dapat diidentifikasi secara individual dalam in that portfolio.
portofolio tersebut.
Bukti seperti ini dapat termasuk data yang dapat This evidence may include observable data
diobservasi yang menunjukkan bahwa telah terjadi indicating that there has been an adverse change
perubahan yang merugikan pada status in the payment status of borrowers in a group, or
pembayaran kelompok debitur, atau kondisi national or local economic conditions that correlate
ekonomi nasional atau lokal yang berkorelasi with defaults on assets in the group. Bank uses
dengan wanprestasi atas aset dalam kelompok. estimates in the amount and timing of future cash
Bank menggunakan perkiraan dalam menentukan flows when determining the level of allowance
jumlah dan waktu dari arus kas masa depan ketika required. Such estimates are based on
menentukan tingkat penyisihan yang diperlukan. assumptions about a number of factors and actual
Estimasi tersebut didasarkan pada asumsi results may differ, resulting to future changes in the
mengenai sejumlah faktor dan hasil aktual yang allowance.
dapat berbeda, yang mengakibatkan perubahan
terhadap jumlah penyisihan di masa yang akan
datang.
73

Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Penurunan nilai untuk surat berharga Impairment of debt securities
Bank menentukan bahwa surat berharga memiliki The Bank determines that securities are impaired
kriteria penurunan nilai yang sama dengan aset based on the same criteria as financial assets
keuangan yang dicatat pada biaya perolehan carried at amortized cost.
diamortisasi.
Umur ekonomis dari aset tetap Useful life of premises and equipment
Bank memperkirakan masa manfaat aset tetap The Bank estimates the useful lives of premises
berdasarkan periode dimana aset diharapkan and equipment based on the period over which the
akan tersedia untuk digunakan. Masa manfaat assets are expected to be available for use. The
ekonomis aset tetap ditinjau secara berkala dan estimated useful lives of premises and equipment
diperbarui jika memiliki ekspektasi yang berbeda are reviewed periodically and are updated if
dari perkiraan sebelumnya, karena kerusakan expectations differ from previous estimates due to
secara fisik dan teknis, atau keusangan secara physical wear and tear, technical or commercial
komersial dan legal atau batasan lainnya atas obsolescence and legal or other limits on the use
penggunaan aset tersebut. Selain hal tersebut, of the assets. In addition, estimation of the useful
estimasi masa manfaat dari aset tetap didasarkan lives of premises and equipment is based on
pada penilaian secara kolektif dengan collective assessment of industry practice, internal
menggunakan praktik industri, teknik evaluasi technical evaluation and experience with similar
internal dan pengalaman dengan aset serupa. assets. It is possible, however, that future results
Tetap dimungkinkan, bagaimanapun, bahwa hasil of operations could be materially affected by
masa depan dapat secara material dipengaruhi changes in estimates brought about by changes in
oleh perubahan estimasi yang disebabkan oleh factors mentioned above. The amounts and timing
perubahan faktor-faktor tersebut di atas. Jumlah of recorded expenses for any period would be
dan saat pencatatan biaya untuk setiap periode affected by changes in these factors and
akan dipengaruhi oleh perubahan dari faktor dan circumstances. A reduction in the estimated useful
keadaan saat pencatatan. Pengurangan taksiran lives of premises and equipment would increase
masa manfaat dari aset tetap akan meningkatkan the recorded operating expenses.
beban operasional yang diakui.
Penurunan nilai aset non keuangan Impairment of non-financial assets
Bank mengevaluasi penurunan nilai aset apabila The Bank assesses impairment on assets
terdapat kejadian atau perubahan keadaan yang whenever events or changes in circumstances
mengindikasikan bahwa nilai tercatat aset tidak indicate that the carrying amount of an asset may
dapat dipulihkan kembali. Faktor-faktor penting not be recoverable. The factors that the Bank
yang dapat menyebabkan penelaahan considers important which could trigger an
penurunan nilai adalah sebagai berikut: impairment review include the following:
a) Kinerja yang rendah secara signifikan jika a) significant underperformance relative to

dibandingkan dengan ekspektasi dari hasil expected historical or projected future
operasi historis maupun proyeksi hasil operating results;
operasi di masa yang akan datang;
b) perubahan yang signifikan dalam cara b) significant changes in the manner of use of the
penggunaan aset atau strategi bisnis secara acquired assets or the strategy for overall
keseluruhan; dan business; and
c) Tren negatif industri dan ekonomi yang c) significant negative industry or economic
signifikan. trends.
74

Estimasi dan Asumsi (lanjutan) Estimates and Assumptions (continued)
Penurunan nilai aset non keuangan (lanjutan) Impairment of non-financial assets (continued)
Bank mengakui kerugian penurunan nilai apabila The Bank recognizes an impairment loss whenever
nilai tercatat aset melebihi nilai yang dapat the carrying amount of an asset exceeds its
dipulihkan. Jumlah terpulihkan adalah nilai yang recoverable amount. The recoverable amount is
lebih tinggi antara nilai wajar dikurang biaya untuk the higher of an asset’s (or Cash Generating
menjual dengan nilai pakai aset (atau unit Unit’s) fair value less costs to sell and its value in
penghasil kas). Jumlah terpulihkan diestimasi use. Recoverable amounts are estimated for
untuk aset individual atau, jika tidak individual assets or, if it is not possible, for the
memungkinkan, untuk unit penghasil kas yang Cash Generating Unit to which the asset belongs.
mana aset tersebut merupakan bagian daripada
unit tersebut.
Pengakuan aset pajak tangguhan Recognition of deferred tax assets
Aset pajak tangguhan diakui untuk seluruh saldo Deferred tax assets are recognized for all unused
rugi fiskal yang belum digunakan sejauh terdapat tax losses and credits to the extent that it is
kemungkinan bahwa saldo rugi tersebut dapat probable that taxable income will be available
dikompensasikan terhadap penghasilan kena against which the losses can be utilized.
pajak di masa yang akan datang. Pertimbangan Significant management judgment is required to
manajemen yang signifikan diperlukan untuk determine the amount of deferred tax assets that
menentukan jumlah aset pajak tangguhan yang can be recognized, based upon the likely timing
dapat diakui, sesuai dengan saat dan jumlah and level of future taxable income together with
penghasilan kena pajak di masa mendatang future tax planning strategies.
seiring dengan strategi perencanaan pajak.
Bank menelaah aset pajak tangguhan pada setiap The Bank reviews its deferred tax assets at each
tanggal laporan posisi keuangan dan mengurangi statement of financial position date and reduces
jumlah tercatat dalam hal tidak adanya lagi the carrying amount to the extent that it is no
kemungkinan bahwa penghasilan kena pajak yang longer probable that sufficient taxable income will
cukup akan tersedia untuk mengkompensasi be available to allow all or part of the deferred tax
sebagian atau seluruh aset pajak tangguhan. assets to be utilized.
Nilai kini atas kewajiban pensiun Present value of retirement obligation
Biaya atas program pensiun dan imbalan pasca The cost of defined retirement pension plan and
kerja lainnya ditentukan dengan perhitungan other post employment benefits is determined
aktuaris. Perhitungan aktuaris melibatkan using actuarial valuations. The actuarial valuation
penggunaan asumsi mengenai tingkat diskonto, involves making assumptions about discount rates,
tingkat pengembalian yang diharapkan dari aset, expected rates of return on assets, future salary
kenaikan gaji di masa depan, tingkat kematian dan increases, mortality rates and disability rate. Due
tingkat kecacatan. Karena program tersebut to the long-term nature of these plans, such
memiliki sifat jangka panjang, maka perkiraan estimates are subject to significant uncertainty.
tersebut memiliki ketidakpastian yang signifikan.
75
4. KAS 4. CASH
2013 2012 2011
Jumlah nosional Jumlah nosional Jumlah nosional

mata uang asing/ mata uang asing/ mata uang asing/
Notional amount Notional amount Notional amount
in foreign in foreign in foreign
currencies Ekuivalen/ currencies Ekuivalen/ currencies Ekuivalen/
(angka penuh/ Equivalent (angka penuh/ Equivalent (angka penuh/ Equivalent
full amount) Rupiah full amount) Rupiah full amount) Rupiah
Rupiah 923.283 694.147 511.871 Rupiah
Mata uang asing Foreign currencies

Dolar Amerika Serikat 89.518 1.089 75.270 725 48.635 441 United States Dollar
Euro Eropa 4.725 79 5.425 69 6.573 77 European Euro
Dolar Singapura - - - - 1.002 7 Singapore Dollar
Yen Jepang - - - - 22.087 3 Japanese Yen
Total 924.451 694.941 512.399 Total
Saldo dalam mata uang Rupiah termasuk uang The rupiah balance includes cash in ATMs
pada Anjungan Tunai Mandiri (ATM) sebesar (Automatic Teller Machines) of Rp145.029,
Rp145.029, Rp122.114, dan Rp88.967, masing- Rp122,114, and Rp88,967, as of December 31,
masing pada tanggal 31 Desember 2013, 2012, 2013, 2012, and 2011, respectively.
dan 2011.
5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK

INDONESIA
2013 2012 2011
Jumlah nosional Ekuivalen/ Jumlah nosional Ekuivalen/ Jumlah nosional Ekuivalen/

mata uang asing/ Equivalent mata uang asing/ Equivalent mata uang asing/ Equivalent
Notional amount Rupiah Notional amount Rupiah Notional amount Rupiah
currencies currencies currencies
(angka penuh/ (angka penuh/ (angka penuh/
full amount) full amount) full amount)
Rupiah 9.852.253 7.292.939 5.241.383 Rupiah

Dolar Amerika Serikat 534.500 6.505 508.000 4.896 2.209.540 20.035 United States Dollar
Total 9.858.758 7.297.835 5.261.418 Total
Dalam giro pada Bank Indonesia termasuk giro Current accounts with Bank Indonesia include
yang didasarkan pada prinsip perbankan syariah current accounts amounting to Rp668,645,
sebesar Rp668.645, Rp540.044, dan Rp310.736, Rp540,044, and Rp310,736, as of December 31,
masing-masing pada tanggal 31 Desember 2013, 2013, 2012, and 2011, respectively, which are
2012, dan 2011. accounted for based on sharia banking principles.
Rasio Giro Wajib Minimum (GWM) yang The minimum reserve ratios as of December 31,
dipersyaratkan oleh Bank Indonesia pada tanggal 2013, 2012, and 2011 required under Bank
31 Desember 2013, 2012, dan 2011 adalah Indonesia regulations are as follows:
sebagai berikut:
2013 2012 2011
Konvensional Conventional
Rupiah Rupiah
Utama 8% 8% 8% Primary
Sekunder 4% 2,5% 2,5% Secondary
Dolar Amerika Serikat 8% 8% 8% United States Dollar
Syariah Sharia
Rupiah 5% 5% 5% Rupiah
76
5. GIRO PADA BANK INDONESIA (lanjutan) 5. CURRENT ACCOUNTS WITH BANK

INDONESIA (continued)
Rasio GWM Bank (tidak diaudit) pada tanggal The minimum reserve ratios of the Bank
31 Desember 2013, 2012, dan 2011 adalah (unaudited) of December 31, 2013, 2012, and
sebagai berikut: 2011 is as follows:
2013 2012 2011
Rupiah Rupiah
Utama 9,29% 8,15% 8,20% Primary
Sekunder 9,07% 2,50% 2,50% Secondary
Dolar Amerika Serikat 8,03% 8,03% 8,02% United States Dollar
Syariah Sharia
Rupiah 8,10% 8,00% 6,50% Rupiah
Rasio GWM pada tanggal 31 Desember 2013 The statutory reserves ratio as of December 31,
dihitung berdasarkan PBI No.15/7/PBI/2013 2013 is calculated based on Bank Indonesia
tanggal 26 September 2013 tentang Perubahan Regulation (PBI) No. 15/7/PBI/2013 dated
Kedua atas Peraturan Bank Indonesia September 26, 2013 concerning the second
No. 12/19/PBI/2010 tentang Giro Wajib Minimum amendment of PBI No. 12/19/PBI/2010 regarding
Bank Umum pada Bank Indonesia dalam Rupiah “Statutory Reserves for Commercial Banks with
dan Valuta Asing. Bank Indonesia in Rupiah and Foreign
Currencies”.
Rasio GWM pada tanggal 31 Desember 2012 dan The statutory reserves ratio as of December 31,
2011 dihitung berdasarkan PBI 2012 and 2011 is calculated based on Bank
No. 13/10/PBI/2011 tanggal 9 Februari 2011 Indonesia Regulation (PBI) No. 13/10/PBI/2011
tentang Perubahan atas PBI No.12/19/PBI/2010 dated February 9, 2011 concerning amendment of
tentang Giro Wajib Minimum Bank Umum pada PBI No.12/19/PBI/2010 regarding “Statutory
Bank Indonesia dalam Rupiah dan Mata Uang Reserves for Commercial Banks with Bank
Asing. Indonesia in Rupiah and Foreign Currencies”.
Pada tanggal 31 Desember 2013, 2012, dan 2011, As of December 31, 2013, 2012, and 2011, the
perhitungan rasio GWM berdasarkan prinsip computation of the statutory reserve ratio under
syariah didasarkan pada PBI No. 6/21/PBI/2004 sharia banking principles was based on PBI
tanggal 3 Agustus 2004 tentang Giro Wajib No. 6/21/PBI/2004 dated August 3, 2004
Minimum dalam Rupiah dan Valuta Asing bagi concerning The Minimum Statutory Reserves in
Bank Umum yang melaksanakan kegiatan usaha Rupiah and Foreign Currencies for Commercial
berdasarkan prinsip syariah yang diamandemen Banks Which Operate Under Sharia Banking
dengan PBI No. 8/23/PBI/2006 tanggal 5 Oktober Principles, which regulation was amended by PBI
2006 dan PBI No. 10/23/PBI/2008 tanggal No. 8/23/PBI/2006 dated October 5, 2006 and PBI
16 Oktober 2008. Setiap bank diwajibkan No. 10/23/PBI/2008 dated October 16, 2008.
memelihara GWM dalam rupiah dan mata uang Every bank is required to maintain their statutory
asing yang besarnya ditetapkan sebesar 5% dan reserves ratio in Rupiah and foreign currencies of
1% dari dana pihak ketiga dalam rupiah dan mata 5% and 1% from their Rupiah denominated and
uang asing. foreign currency denominated third party funds,
respectively.
Bank telah memenuhi ketentuan Bank Indonesia The Bank has complied with Bank Indonesia
tentang Giro Wajib Minimum. regulations concerning the minimum reserve
requirements.
Sisa umur jatuh tempo atas giro pada Bank The remaining period of current accounts with
Indonesia dikategorikan sebagai kurang dari satu Bank Indonesia is categorized as less than one
bulan (Catatan 43). month (Note 43).
77
6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
a. Berdasarkan mata uang a. By currency
2013 2012 2011

Rupiah 304.172 54.332 11.949 Rupiah

Dolar Amerika Serikat 5.986.133 72.851 7.244.071 69.815 19.234.739 174.411 United States Dollar
Euro Eropa 877.986 14.714 2.361.562 30.067 1.870.973 21.918 European Euro
Yen Jepang 93.181.041 10.786 85.263.703 9.529 19.654.169 2.296 Japanese Yen
98.351 109.411 198.625
Total 402.523 163.743 210.574 Total

Dikurangi cadangan Less allowance for
kerugian penurunan nilai (2.308) (1.750) (2.322) impairment losses
Neto 400.215 161.993 208.252 Net
b. Berdasarkan bank b. By bank

2013 2012 2011
Rupiah Rupiah
Pihak Ketiga Third Parties
PT Bank Pembangunan PT Bank Pembangunan
Daerah Jawa Tengah 4.141 5.184 2.560 Daerah Jawa Tengah
PT Bank Central Asia Tbk 216.734 16.117 1.717 PT Bank Central Asia Tbk
Citibank N.A., Jakarta 925 925 925 Citibank N.A., Jakarta
Standard Chartered Bank, Jakarta 1.041 6.211 777 Standard Chartered Bank, Jakarta
PT Bank International Indonesia Tbk 37.268 24.055 - PT Bank International Indonesia, Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Timur Tbk 832 8 3 Jawa Timur Tbk
Lainnya 183 444 178 Others
Pihak Berelasi Related Parties

PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk 798 745 2.174 (Persero) Tbk
PT Bank Mandiri (Persero) Tbk 263 168 2.120 PT Bank Mandiri (Persero) Tbk
PT Bank Syariah Mandiri PT Bank Syariah Mandiri
(Persero) Tbk 107 188 773 (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 41.880 281 715 (Persero) Tbk
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
Syariah - 6 7 Syariah
Total Rupiah 304.172 54.332 11.949 Total Rupiah

JP Morgan Chase Bank N.A., JP Morgan Chase Bank N.A.,
London - 59.090 174.357 London
Deutsche Bank AG 12.413 28.319 19.604 Deutsche Bank AG
Indonesische Overzeese Indonesische Overzeese
Bank N.V., Amsterdam 2.301 1.748 2.314 Bank N.V., Amsterdam
Citibank N.A. 3.624 10.725 54 Citibank N.A
PT Bank Central Asia Tbk 66.489 - - PT Bank Central Asia Tbk

PT Bank Negara Indonesia PT Bank Negara Indonesia
(Persero) Tbk, Cabang Tokyo 10.786 9.529 2.296 (Persero) Tbk, Tokyo Branch
PT Bank Mandiri (Persero) Tbk 2.738 - - PT Bank Mandiri (Persero) Tbk
Total mata uang asing 98.351 109.411 198.625 Total foreign currencies
Total 402.523 163.743 210.574 Total
Dikurangi cadangan kerugian Less allowance

penurunan nilai (2.308) (1.750) (2.322) for impairment losses
Neto 400.215 161.993 208.252 Net
78
6. GIRO PADA BANK LAIN (lanjutan) 6. CURRENT ACCOUNTS WITH OTHER BANKS
(continued)
Bank memiliki giro pada bank lain yang As of December 31, 2013, 2012, and 2011,
merupakan pihak-pihak berelasi sebesar the Bank has current accounts with other
Rp56.572, Rp10.917, dan Rp8.085, masing- banks which represent related parties
masing pada tanggal 31 Desember 2013, amounting to Rp56,572, Rp10,917, and
2012, dan 2011. Rp8,085, respectively.
Dalam giro pada bank lain termasuk giro yang Current accounts with other banks include
didasarkan pada prinsip perbankan syariah current accounts based on sharia banking
sebesar Rp107, Rp194, dan Rp780, masing- principles amounting to Rp107, Rp194, and
masing pada tanggal 31 Desember 2013, Rp780, as of December 31, 2013, 2012, and
2012, dan 2011. 2011, respectively.
c. Tingkat suku bunga rata-rata per tahun untuk c. Average annual interest rates for current
giro pada bank lain adalah sebagai berikut: accounts with other banks are as follows:
2013 2012 2011
Rupiah 0,00 % - 3,00% 0,00% - 4,00% 0,00% - 4,75% Rupiah

Mata uang asing 0,00% - 0,10% 0,00% - 0,10% 0,00% - 0,10% Foreign currencies
d. Kolektibilitas d. Collectibility
Pada tanggal 31 Desember 2013, 2012, dan As of December 31, 2013, 2012, and 2011,
2011, kolektibilitas giro pada bank lain adalah the collectibility of current accounts with other
sebagai berikut : banks are as follows:
2013 2012 2011
Lancar 400.222 161.995 208.260 Current

Macet 2.301 1.748 2.314 Loss
402.523 163.743 210.574

penurunan nilai (2.308) (1.750) (2.322) for impairment losses
Neto 400.215 161.993 208.252 Net
e. Pada tanggal 31 Desember 2013, 2012, dan e. As of December 31, 2013, 2012, and 2011,
2011, tidak terdapat saldo giro pada bank lain there are no current accounts with other
yang digunakan sebagai agunan. banks which are used as collateral.
f. Perubahan cadangan kerugian penurunan f. The movements in the allowance for

nilai giro pada bank lain adalah sebagai impairment losses on current accounts with
berikut: other banks are as follows:
2013 2012 2011
Saldo awal tahun 1.750 2.322 2.410

Penyisihan (pembalikan) Balance at beginning of year
kerugian penurunan nilai Provision for (reversal of)
selama tahun impairment losses
berjalan (Catatan 30) 558 (572) (88) during the year (Note 30)
Saldo akhir tahun 2.308 1.750 2.322 Balance at end of year
Manajemen berpendapat bahwa jumlah The management believes that the allowance
cadangan kerugian atas giro pada bank lain for impairment losses provided on current
yang dibentuk telah memadai. accounts with other banks is adequate.
g. Informasi mengenai klasifikasi aset keuangan g. Information with respect to classification of

yang mengalami penurunan nilai dan tidak impaired and not impaired of financial assets
mengalami penurunan nilai diungkapkan are disclosed in Note 43.
pada Catatan 43.
79
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN OTHER BANKS
a. Berdasarkan mata uang dan jenis a. Based on currency and type

2013 2012 2011
Rupiah Rupiah
Deposito berjangka Mudharabah Mudharabah time deposits
PT Bank Danamon Indonesia Tbk - - 100.000 PT Bank Danamon Indonesia Tbk
PT Bank Jabar Banten, Syariah - - 5.000 PT Bank Jabar Banten, Syariah
PT Bank Mega Syariah - 150.000 - PT Bank Mega Syariah
PT Bank Muamalat Indonesia - 200.000 50.000 PT Bank Muamalat Indonesia
Sertifikat investasi Mudharabah Mudharabah investment certificate

PT Bank Danamon Indonesia Tbk - 50.000 - PT Bank Danamon Indonesia Tbk
Deposit facility Deposit facility

Bank Indonesia (setelah
dikurangi dengan diskonto Bank Indonesia (net of
yang belum diamortisasi unamortized discount of
masing-masing sebesar Rp682, Rp6,254, and
Rp682, Rp6.254, dan Rp11,382 as of
Rp11.382 pada tanggal December 31 2013, 2012,
31 Desember 2013, 2012, and 2011, respectively)
Dan 2011) 4.269.318 10.593.746 9.474.618
Fasilitas Simpanan Bank Bank Indonesia Sharia

Indonesia Syariah (FASBIS) 565.000 273.600 - Deposit facility (FASBIS)

Deposito Mudharabah Mudharabah time deposits
PT BRI Syariah - 200.000 150.000 PT BRI Syariah
PT Bank Syariah Mandiri 5.000 5.000 - PT Bank Syariah Mandiri
Total Rupiah 4.839.318 11.472.346 9.779.618 Total Rupiah
Dolar Amerika Serikat United States Dollar

Deposito berjangka Time deposits
Bank of New York, Bank of New York,
Hong Kong - - 997 Hong Kong
Total 4.839.318 11.472.346 9.780.615 Total

Penurunan nilai (50) (6.050) (3.051 ) for impairment losses
Neto 4.839.268 11.466.296 9.777.564 Net
Jumlah nosional penempatan pada bank lain Notional amount of placement with other
dalam mata uang asing per tanggal banks in foreign currency as of December 31,
31 Desember 2011 adalah sebesar 2011 amounted to USD109,953 (full amount).
USD109.953 (nilai penuh).
Terdapat penempatan pada bank lain dengan As of December 31, 2013, 2012, and 2011,
pihak-pihak berelasi sebesar Rp5.000, placements with other banks which are
Rp205.000, dan Rp150.000, masing-masing related parties of the Bank amounted to
pada tanggal 31 Desember 2013, 2012, dan Rp5,000, Rp205,000, and Rp150,000,
2011. respectively.
Dalam penempatan pada Bank Indonesia dan As of December 31, 2013, 2012, and 2011,
bank lain termasuk penempatan yang placements with Bank Indonesia and other
didasarkan pada prinsip perbankan syariah banks include placements based on sharia
sebesar Rp570.000, Rp878.600, dan banking principles amounting to Rp570,000,
Rp305.000, masing-masing pada tanggal Rp878,600, and Rp305,000, respectively.
31 Desember 2013, 2012, dan 2011.
80
7. PENEMPATAN PADA BANK INDONESIA DAN 7. PLACEMENTS WITH BANK INDONESIA AND
BANK LAIN (lanjutan) OTHER BANKS (continued)
b. Berdasarkan Sisa Umur Hingga Jatuh Tempo b. Based on Remaining Period Until Maturity
2013 2012 2011
1 bulan 4.839.318 11.323.760 8.670.187 1 month

> 1 bulan 3 bulan - 99.179 1.090.782 > 1 month 3 months
> 3 bulan 6 bulan - 49.407 19.646 >3 months 6 months
Total 4.839.318 11.472.346 9.780.615 Total

penurunan nilai (50) (6.050) (3.051) impairment losses
Neto 4.839.268 11.466.296 9.777.564 Net
c. Kisaran tingkat suku bunga pertahun untuk c. The range of annual interest rates for
penempatan pada bank lain adalah sebagai placements with other banks follows:
berikut:
2013 2012 2011
Rupiah 5.00% - 5.75% 4,00% - 4,70% 4,50% - 5,05% Rupiah

Dolar Amerika Serikat - - 0.00%-0.01% United States Dollar
d. Seluruh penempatan pada bank lain dan d. All placements with other banks and Bank
Bank Indonesia pada tanggal-tanggal Indonesia as of December 31, 2013, 2012,
31 Desember 2013, 2012, dan 2011 and 2011 are classified as current.
diklasifikasikan sebagai lancar.
e. Perubahan cadangan kerugian penempatan e. The movements in the allowance for possible
pada bank lain adalah sebagai berikut: losses on placements with other banks are as
follows:
2013 2012 2011
Saldo awal tahun 6.050 3.051 3.120

Penyisihan (pembalikan) Balance at beginning of year
kerugian penurunan Provision for (reversal of)
nilai tahun berjalan impairment losses
(Catatan 30) (6.000) 2.999 (69) during the year (Note 30)
Saldo akhir tahun 50 6.050 3.051 Balance at end of year
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
cadangan kerugian penurunan nilai impairment losses provided on placements
penempatan pada bank lain yang dibentuk with other banks is adequate.
telah memadai.
f. Informasi mengenai klasifikasi aset keuangan f. Information with respect to classification of

yang mengalami penurunan nilai dan tidak impaired and not impaired of financial assets
mengalami penurunan nilai diungkapkan pada are disclosed in Note 43.
Catatan 43.
81
8. EFEK-EFEK 8. SECURITIES
a. Berdasarkan jenis dan penerbit a. Based on type and issuer
2013 2012 2011
Nilai wajar melalui laporan

laba rugi Fair value through profit or loss
Rupiah Rupiah
Sertifikat Bank Indonesia 2.086.973 424.246 204.110 Bank Indonesia Certificates
Obligasi Bonds
PT Bank CIMB Niaga PT Bank CIMB Niaga
Seri I B - - 4.000 Series I B
PT Bank Internasional PT Bank Internasional
Indonesia Tbk Indonesia Tbk
Tahap II A - 5.015 - Phase II A
Valas Foreign Currencies

Pihak Berelasi Related Party
Obligasi Bonds
PT Pertamina (Persero) PT Pertamina (Persero)
Seri 2043 9.660 - - Series 2043
Sub-total 2.096.633 429.261 208.110 Sub-total
Tersedia untuk dijual Available-for-sale

Rupiah Rupiah
Sertifikat Bank Indonesia 1.660.670 243.257 - Bank Indonesia Certificates
Obligasi Bonds
PT Toyota Astra PT Toyota Astra
Financial Services Financial Services
Seri II A - 5.004 - Series II A
PT Federal International PT Federal International
Finance Finance
Tahap II A 19.890 - - Phase II A
PT Bank Permata, Tbk PT Bank Permata, Tbk
Tahap I A 9.988 - - Phase I A
PT Astra Sedaya PT Astra Sedaya
Finance Finance
Tahap II A 9.995 - - Phase II A
PT Berlian Laju Tanker Tbk PT Berlian Laju Tanker Tbk
Seri III 2007 5.018 5.018 4.916 Series III 2007
Reksadana Mutual Funds

Reksadana EMCO Terproteksi 81.014 - - Protected EMCO Mutual Funds
Efek Beragun Aset Residential Mortgage-Backed

KIK EBA Danareksa Securities KIK EBA Danareksa
BTN 04 - KPR BTN BTN 04 - KPR BTN
(Catatan 10g) 60.000 - - (Note 10g)

Zero-Coupon Bonds Zero-Coupon Bonds
PT Jasa Marga (Persero) Tbk PT Jasa Marga (Persero) Tbk
Seri JM-10 - 2.369 - Series JM-10
Sub-total 1.846.575 255.648 4.916 Sub-total
82
8. EFEK-EFEK (lanjutan) 8. SECURITIES (continued)
a. Berdasarkan jenis dan penerbit (lanjutan) a. Based on type and issuer (continued)
2013 2012 2011
Dimiliki hingga jatuh tempo Held-to-maturity

Rupiah Rupiah
Sertifikat Bank Indonesia - - 264.348 Bank Indonesia Certificates
Obligasi Bonds
Sukuk Ijarah 2007 2.000 2.000 2.000 Sukuk Ijarah 2007
PT Mayora Indah Tbk PT Mayora Indah Tbk
Sukuk Mudharabah Sukuk Mudharabah
I 2008 - 14.000 14.000 I 2008
PT Aneka Gas Industri PT Aneka Gas Industri
Sukuk Ijarah I 2008 - 11.000 11.000 Sukuk Ijarah I 2008
PT Astra Sedaya Finance PT Astra Sedaya Finance
Tahap IA - 15.000 - Phase IA
Efek Beragunan Aset Residential Mortgage Backed Securities

KIK EBA Danareksa KIK EBA Danareksa
(Catatan 10g) 60.000 60.000 - (Note 10g)

(Catatan 10g) 45.000 45.000 45.000 (Note 10g)

(Catatan 10g) 42.200 42.200 42.200 (Note 10g)
SMF II - KPR BTN SMF II - KPR BTN
(Catatan 10g) 31.305 31.305 31.305 (Note 10g)

SMF I - KPR BTN SMF I - KPR BTN
(Catatan 10g) 10.708 11.111 11.111 (Note 10g)

Obligasi Bonds
PT Perusahaan Listrik PT Perusahaan Listrik
Negara (Persero) Negara (Persero)
Syariah Ijarah I 2006 30.000 30.000 30.000 Syariah Ijarah I 2006
Sukuk Ijarah II 2007 28.000 28.000 28.000 Sukuk Ijarah II 2007
Sukuk Ijarah IV 2010 3.000 3.000 3.000 Sukuk Ijarah IV 2010
PT Indosat Tbk PT Indosat Tbk
Sukuk Ijarah III 2008 - 30.000 30.000 Sukuk Ijarah III 2008
Sukuk Ijarah II 2007 15.000 15.000 15.000 Sukuk Ijarah II 2007
267.213 337.616 526.964
Diskonto yang
belum diamortisasi - - (1.073) Unamortized discount
Premi yang belum diamortisasi 19 40 50 Unamortized premium
267.232 337.656 525.941
Total 4.210.440 1.022.565 738.967 Total

Penurunan nilai (8.758) (8.769) (5.014) impairment losses
Neto 4.201.682 1.013.796 733.953 Net
Jumlah nosional atas efek-efek dalam mata Notional amount of securities in foreign
uang asing per tanggal 31 Desember 2013 currency as of December 31, 2013 amounting
adalah sebesar USD793.750 (nilai penuh). to USD793,750 (full amount).
83
b. Jatuh tempo dan suku bunga b. Maturity and interest rate

Suku Bunga/
Bagi Hasil
Per Tahun/
Tanggal Annual
Jenis/ Jatuh Tempo/ Interest Rate/
Penerbit Type Maturity Date Profit Sharing Issuer
Rupiah Rupiah
Bank Indonesia Sertifikat Bank < 1 tahun/ 4,89% sampai 7,25%, Bank Indonesia
Indonesia/ < 1 year 3,76% sampai 5,00%,
Bank Indonesia dan 5,15% sampai
Certificates 7,45% untuk
periode yang berakhir
masing-masing pada
tanggal 31 Des 2013,
2012 dan 2011
4.89% to 7.25%,
3.76% to 5.00% and
5.15% to 7.45%
for years ended
Dec 31, 2013, 2012
and 2011, respectively
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

Seri I B 2011 Obligasi/Bonds 23 Desember/ 8,3% tetap/ Series I B 2011
December 23, 2016 fixed
PT Bank International PT Bank International

Indonesia Tbk 31 Oktober/ 7,6% tetap/ Indonesia Tbk
Seri I 2011 Obligasi/Bonds October 31, 2015 fixed Series I 2011

Seri 2043 Obligasi/Bonds 20 Mei/ 5,625% tetap/ Series 2043
May 20, 2043 fixed

Financial Services Obligasi/Bonds 15 Juni/ 6,3% tetap/ Financial Services
Seri IIA June 15, 2013 fixed Series II-A
PT Federal International 14 April/ 6,75% tetap/ PT Federal International

Finance Tahap II A Obligasi/Bonds April 14, 2014 fixed Finance Series II A

Tahap II A Obligasi/Bonds 6 Desember/ 8,75% tetap/ Phase II A
December 6, 2014 fixed
PT Bank Permata, Tbk PT Bank Permata, Tbk
Tahap I A Obligasi/Bonds 3 Januari/ 10,00% tetap/ Phase I A
January 3, 2015 fixed
Seri III 2007 Obligasi/Bonds 5 Juli/ 10,35% tetap/ Series III 2007
July 5, 2012 fixed
Sukuk Ijarah 2007 Obligasi/Bonds 7 Mei/ 10,3% Sukuk Ijarah 2007
May 7, 2012
PT EMCO Asset Management PT EMCO Asset Management
Reksadana EMCO Reksadana/ Protected EMCO
Terproteksi Mutual Fund - - Mutual Fund
PT Jasa Marga (Persero) Tbk PT Jasa Marga (Persero) Tbk

Seri JM-10 Zero Coupon Bonds 12 Oktober/ 0,00% tetap/ Series JM-10
October 12, 2013 fixed

Sukuk Mudharabah I 2008 Obligasi/Bonds 6 Mei/ 13,75% Sukuk Mudharabah I 2008
May 6, 2013
Sukuk Ijarah I 2008 Obligasi/Bonds 7 Juli/ 14,50% Sukuk Ijarah I 2008
July 7, 2013
PT Astra Sedaya Finance 3 Maret/ 6,6% tetap/ PT Astra Sedaya Finance

Tahap I A Obligasi/Bonds March 15, 2013 fixed Series I A
84
b. Jatuh tempo dan suku bunga (lanjutan) b. Maturity and interest rate (continued)
Suku Bunga/
Bagi Hasil
Per Tahun/
Tanggal Annual
Jenis/ Jatuh Tempo/ Interest Rate/
Penerbit Type Maturity Date Profit Sharing Issuer
PT Perusahaan Listrik Negara PT Perusahaan Listrik Negara

(Persero) (Persero)
Syariah Ijarah I 2006 Obligasi/Bonds 21 Juni / 13,6% Syariah Ijarah I 2006
June 21, 2016
Sukuk Ijarah II 2007 Obligasi/Bonds 10 Juli / 10,4% Sukuk Ijarah II 2007
July 10, 2017
Sukuk Ijarah IV 2010 Obligasi/Bonds 28 Desember / 12,55% Sukuk Ijarah IV 2010
December 28, 2019
Sukuk Ijarah III 2008 Obligasi/Bonds 4 September/ 10,25% Sukuk Ijarah III 2008
September 4, 2013
Sukuk Ijarah II 2007 Obligasi/Bonds 29 Mei/ 10,2% Sukuk Ijarah II 2007
May 29, 2014
KIK - EBA Danareksa Efek Beragunan KIK - EBA Danareksa
BTN 04 - KPR BTN Aset - KPR/ BTN 04 - KPR BTN
(Catatan 10g) Residential Mortgage 26 Agustus/ Arus kas tidak tetap/ (Note 10g)
Backed Securities August 26, 2020 Variable cash flows

(Catatan 10g) Residential Mortgage 7 Januari/ Arus kas tidak tetap/ (Note 10g)
Backed Securities January 7, 2023 Variable cash flows

(Catatan 10g) Residential Mortgage 27 Februari/ Arus kas tidak tetap/ (Note 10g)
Backed Securities February 27, 2021 Variable cash flows

(Catatan 10g) Residential Mortgage 27 September/ Arus kas tidak tetap/ (Note 10g)
Backed Securities September 27, 2019 Variable cash flows

SMF II - KPR BTN Aset - KPR/ SMF II - KPR BTN
(Catatan 10g) Residential Mortgage 10 Desember/ Arus kas tidak tetap/ (Note 10g)
Backed Securities December 10, 2019 Variable cash flows

SMF I - KPR BTN Aset - KPR/ SMF I - KPR BTN
(Catatan 10g) Residential Mortgage 10 Maret/ Arus kas tidak tetap/ (Note 10g)
Backed Securities March 10, 2018 Variable cash flows
Pembayaran kupon surat berharga selain dari Coupon payments of securities other than
dari surat berharga zero-coupon, dibayarkan zero-coupon securities are payable quarterly.
setiap triwulan.
85
c. Berdasarkan sisa umur hingga jatuh tempo c. Remaining period to maturity (held-to-maturity
(efek-efek yang dimiliki hingga jatuh tempo) securities)
2013 2012 2011
1 tahun 17.000 72.000 266.348 1 year

> 1 tahun 5 tahun 68.708 73.000 100.000 > 1 year 5 years
> 5 tahun 10 tahun 181.505 192.616 160.616 > 5 years 10 years
267.213 337.616 526.964

Bunga dan diskonto yang Unamortized interest and
belum diamortisasi - - (1.073) discount
Premi yang belum diamortisasi 19 40 50 Unamortized premium
Neto 267.232 337.656 525.941 Net
d. Peringkat d. Rating
Daftar peringkat efek-efek seperti yang The ratings of securities, as reported by

dilaporkan oleh PT Pemeringkat Efek PT Pemeringkat Efek Indonesia (Persero)
Indonesia (Persero) dan Moody’s Investor and Moody’s Investor Service on
Service pada tanggal 31 Desember 2013, December 31, 2013, 2012, and 2011, are as
2012, dan 2011 adalah sebagai berikut: follows:
Jenis/
Penerbit Type 2013 2012 2011 Issuer
PT Bank CIMB Niaga Tbk PT Bank CIMB Niaga Tbk

Seri I B Obligasi/Bonds - - idAAA Series I B
PT Bank Internasional PT Bank Internasional
Indonesia Tbk Indonesia Tbk
Tahap IIA Obligasi/Bonds - idAAA - Phase IIA
Seri 2043 Obligasi/Bonds idBaa3 - - Series 2043
Financial Services Financial Services
Tahap IIA Obligasi/Bonds - idAA - Series IIA
PT Federal International PT Federal International
Finance - - Finance
Tahap IIA Obligasi/Bonds idAA+ - - Phase IIA
Tahap II A Obligasi/Bonds idAA+ - - Phase II A
PT Bank Permata Tbk PT Bank Permata Tbk
Tahap I A Obligasi/Bonds idAA+ - - Phase I A
Seri III 2007 Obligasi/Bonds idD idD idA- Series III 2007
Sukuk Ijarah 2007 Obligasi/Bonds idD(Sy) idD (Sy) idA-(Sy) Sukuk Ijarah 2007
Sukuk Mudharabah I 2008 Obligasi/Bonds - idAA+(Sy) idAA-(Sy) Sukuk Mudharabah I 2008
Sukuk Ijarah I 2008 Obligasi/Bonds - A-(idn) BBB(idn) Sukuk Ijarah I 2008
Tahap IA Obligasi/Bonds - idAA+ - Phase IA
PT Perusahaan Listrik PT Perusahaan Listrik
Negara (Persero) Negara (Persero)
Syariah Ijarah I 2006 Obligasi/Bonds idAAA(sy) idAA+(Sy) idAA+(Sy) Syariah Ijarah I 2006
Sukuk Ijarah II 2007 Obligasi/Bonds idAAA(sy) idAA+(Sy) idAA+(Sy) Sukuk Ijarah II 2007
Sukuk Ijarah IV 2010 Obligasi/Bonds idAAA(sy) idAA+(Sy) idAA+(Sy) Sukuk Ijarah IV 2010
Sukuk Ijarah II 2007 Obligasi/Bonds idAA+(Sy) idAA+(Sy) idAA+(Sy) Sukuk Ijarah II 2007
Sukuk Ijarah III 2008 Obligasi/Bonds - idAA+(Sy) idAA+(Sy) Sukuk Ijarah III 2008
86
e. Kolektibilitas e. Collectibility
Pada tanggal 31 Desember 2013, 2012 dan As of December 31, 2013, 2012, and 2011,
2011, kolektibilitas efek-efek adalah sebagai the collectibility of securities are as follows:
berikut:
2013 2012 2011
Lancar 4.169.939 993.205 720.822 Current

Dalam Perhatian Khusus 28.076 19.514 10.761 Special Mention
Kurang Lancar 1.107 657 7.127 Substandard
Diragukan 1.332 669 131 Doubtful
Macet 9.986 8.520 126 Loss
Total 4.210.440 1.022.565 738.967 Total

Neto 4.201.682 1.013.796 733.953 Net
f. Perubahan cadangan kerugian penurunan nilai f. The movements in the allowance for
efek-efek adalah sebagai berikut: impairment losses on securities are as
follows:
2013 2012 2011
Rupiah Rupiah
Saldo awal tahun 8.769 5.014 2.820 Balance at beginning of year
Penyisihan (pembalikan)
kerugian penurunan
nilai selama Provision for (reversal of)
tahun berjalan impairment losses during
(Catatan 30) (11) 3.755 2.194 the year (Note 30)
Manajemen berpendapat bahwa jumlah Management believes that the allowance for
Cadangan kerugian penurunan nilai efek-efek impairment losses provided on securities is
yang dibentuk telah memadai. adequate.
g. Bank mengakui keuntungan bersih atas g. The Bank recognized net gain on sale of
penjualan efek-efek masing-masing sebesar securities amounting to Rp9,061, Rp8,288,
Rp9.061, Rp8.288, dan Rp27.123, masing- and Rp27,123, for the years ended
masing untuk tahun-tahun yang berakhir December 31, 2013, 2012, and 2011,
pada tanggal 31 Desember 2013, 2012, dan respectively, which is presented in the
2011 yang disajikan dalam akun statements of comprehensive income as
““Keuntungan dari penjualan efek-efek - neto” “Gain on sale of securities - net”.
di laporan laba rugi komprehensif.
h. Bank mengakui keuntungan neto dari h. The Bank recognized net gain from the
kenaikan nilai efek-efek untuk nilai wajar increase in value of fair value through profit or
melalui laba rugi sebesar Rp12.063, Rp8.620, loss securities amounting to Rp12,063,
dan Rp3.201, masing-masing untuk tahun Rp8,620, and Rp3,201, for the years ended
yang berakhir pada tanggal-tanggal December 31, 2013, 2012, and 2011,
31 Desember 2013, 2012, dan 2011, yang respectively, which is presented in the
disajikan dalam akun “Keuntungan dari statements of comprehensive income as
perubahan nilai efek-efek untuk nilai wajar “Gain from change in value of fair value
melalui laporan laba rugi - neto” di laporan through profit or loss securities - net”.
laba rugi komprehensif.
87
i. Nilai pasar untuk obligasi yang dimiliki hingga i. As of December 31, 2013, 2012, and 2011,
jatuh tempo pada tanggal 31 Desember 2013, the market values of all held-to-maturity
2012, dan 2011, masing-masing adalah bonds range from 100.00% to 112.00%,
100,00% sampai dengan 112,00%, 100,01% 100.01% to 103.03%, and 99.853% to 100%,
sampai dengan 103,03%, dan 99,853% respectively, of the nominal amounts of bonds
sampai dengan 100%, dari nilai nominal owned by the Bank.
obligasi yang dimiliki oleh Bank.
j. Bank mengakui keuntungan bersih sebesar j. The Bank recognized net gain of Rp1,760,
Rp1.760, dan Rp323 dan kerugian bersih and Rp323 and net loss of Rp79 from the
sebesar Rp79 dari perubahan nilai wajar changes in fair values of available-for-sale
efek-efek yang tersedia untuk dijual masing- securities as of December 31, 2013, 2012,
masing pada posisi 31 Desember 2013, 2011, which are presented as “unrealized
2012, dan 2011 dalam akun “Keuntungan gain (loss) on available-for-sale securities and
(kerugian) yang belum direalisasi atas efek- government bonds - net” in the statements of
efek dan obligasi pemerintah yang tersedia financial position.
untuk dijual - bersih” dalam laporan posisi
keuangan.
k. Mutasi keuntungan/kerugian efek-efek tersedia k. Movements in unrealized gain/loss on

untuk dijual yang belum direalisasi adalah available-for-sale securities are as follows:
sebagai berikut:
2013 2012 2011
Saldo awal tahun 323 (79) (18) Balance at beginning of year

Laba (rugi) yang belum
direalisasi yang diakui Unrealized gain (loss) recognized
di ekuitas 2.347 430 (86) in equity
Jumlah yang direalisasi/ Amount realized/reclassified
direklasifikasi ke laba rugi (430) 106 - to profit or loss
Efek pajak (480) (134) 25 Tax effect
Saldo akhir tahun 1.760 323 (79) Balance at end of year
l. Terdapat investasi surat – surat berharga l. As of December 31, 2013, 2012, and 2011,
dengan pihak – pihak berelasi sebesar investments in securities with related parties
Rp85.679, Rp108.409, dan Rp106.050, amounted to Rp85,679, Rp108,409, and
masing-masing pada tanggal 31 Desember Rp106,050, respectively.
2013, 2012, dan 2011.
m. Informasi mengenai klasifikasi aset keuangan m. Information with respect to classification of

yang mengalami penurunan nilai dan tidak impaired and not impaired financial assets are
mengalami penurunan nilai diungkapkan pada disclosed in Note 43.
Catatan 43.
9. OBLIGASI PEMERINTAH 9. GOVERNMENT BONDS
a. Berdasarkan tujuan dan jenis a. Based on purpose and type
2013 2012 2011
Pihak berelasi Related party

Nilai wajar melalui laba rugi Fair value through profit or loss
Rupiah Rupiah
Tingkat bunga tetap Fixed interest rate
FR 0064 192.147 - - FR 0064
ORI 10 19.950 - - ORI 10
FR 0066 17.991 15.356 - FR 0066
FR 0065 - 10.568 - FR 0065
88
9. OBLIGASI PEMERINTAH (lanjutan) 9. GOVERNMENT BONDS (continued)
a. Berdasarkan tujuan dan jenis (lanjutan) a. Based on purpose and type (continued)
2013 2012 2011
Pihak berelasi (lanjutan) Related party (continued)

Nilai wajar melalui laba Fair value through
rugi (lanjutan) profit or loss (continued)
Rupiah (lanjutan) Rupiah (continued)
Zero Coupon Bonds Zero Coupon Bonds
ZC0005 - 19.824 - ZC0005
SPN 12141107 272.896 - - SPN 12141107
SPN 03140207 99.412 - - SPN 03140207
SPN 12140911 43.461 - - SPN 12140911
Sub-total 645.857 45.748 - Sub-total
Valas Foreign Currency

INDOIS 2022 20.050 - - INDOIS 2022
INDON 2043 19.411 - - INDON 2043
INDON 2023 11.429 - - INDON 2023
Sub-tota l 50.890 - - Sub-total
Total Obligasi Pemerintah -

Nilai wajar melalui Total Government Bonds -
laba rugi 696.747 45.748 - Fair value through profit or loss

Rupiah Rupiah
FR 0064 232.392 - - FR0064
FR 0065 117.313 - - FR0065
FR 0062 60.260 40.009 - FR0062
SR 0004 10.552 - - FR0048
FR 0020 - 10.906 11.669 FR0020
FR 0033 - 10.169 10.879 FR0033
Surat Berharga Syariah Negara - - Sharia Government Bonds

PBS 01 - 49.250 - PBS 01
Sub-tota l 420.517 110.334 22.548 Sub-total
Tingkat bunga mengambang Variable interest rate

VR 0031 1.113.986 1.116.788 1.108.283 VR 0031
VR 0023 894.627 896.409 895.149 VR 0023
VR 0028 802.352 804.464 806.650 VR 0028
VR 0020 744.495 743.835 747.593 VR 0020
VR 0029 707.428 710.885 712.238 VR 0029
VR 0027 555.902 559.266 559.643 VR 0027
VR 0026 382.185 459.716 460.151 VR 0026
VR 0021 342.305 343.844 343.637 VR 0021
VR 0022 27.090 27.147 27.170 VR 0022
VR 0018 - - 2.207 VR 0018
5.570.370 5.662.354 5.662.721
Total Obligasi Pemerintah - Total Government bonds -

Tersedia untuk dijual 5.990.887 5.772.688 5.685.269 Available-for-sale
89
a. Berdasarkan tujuan dan jenis (lanjutan) a. Based on purpose and type (continued)
2013 2012 2011

FR 0063 330.131 - - FR 0063
FR 0033 - 100.000 - FR 0033
ORI 07 - 100.000 - ORI 07
Tingkat Bunga mengambang Variable interest rate
VR 0031 1.125.000 1.125.000 1.125.000 VR 0031
VR 0029 200.000 200.000 200.000 VR 0029
Surat Berharga Syariah Negara Government sharia bond
IFR 0002 50.000 50.000 50.000 IFR 0002
Sukuk Negara Sukuk Negara
SR 0003 50.000 50.000 50.000 SR 0003
SR 0002 - 20.400 - SR 0002
SR 0004 5.000 5.000 - SR 0004
1.760.131 1.650.400 1.425.000
Diskonto yang belum diamortisasi (62.888) (3.207) (3.575) Unamortized discount

Premi yang belum diamortisasi 83 3.301 120 Unamortized premium
Obligasi Pemerintah yang

dimiliki hingga jatuh Government bonds held-
tempo - neto 1.697.326 1.650.494 1.421.545 to-maturity - net
Total 8.384.960 7.468.930 7.106.814 Total
b. Berdasarkan jatuh tempo b. Based on maturity
Keterangan Tanggal jatuh tempo/ Description

Maturity date
Nilai wajar melalui laporan laba rugi Fair value through profit or loss
Rupiah Rupiah
FR 0066 15 Mei/ FR 0066
May 15, 2018
FR 0064 15 Mei/ FR 0064
May 15, 2028
ORI 010 15 Oktober/ ORI 010
October 15, 2016
SPN 12140911 11 September/ SPN 12140911
September 11, 2014
SPN 12141107 7 November/ SPN 12141107
November 7, 2014
SPN 03140207 7 Februari/ SPN 03140207
February 7, 2014
Valas Foreign Currency
INDOIS 2022 21 November/ INDOIS 2022
November 21, 2022
INDON 2023 15 April/ INDON 2023
April 15, 2023
INDON 2043 15 April/ INDON 2043
April 15, 2043
Rupiah Rupiah
FR 0062 15 April/ FR 0062
April 15, 2042
FR 0064 15 Mei/ FR 0064
May 15, 2028
FR 0065 15 Mei/ FR 0065
May 15, 2033
SR 0004 21 September/ SR 0004
September 21, 2015
Tingkat bunga mengambang Fixed interest rate
Rupiah Rupiah
VR 0020 25 April/ VR 0020
April 25, 2015
VR 0021 25 November/ VR 0021
November 25, 2015
90

b. Berdasarkan jatuh tempo (lanjutan) b. Based on maturity (continued)
Keterangan Tanggal jatuh tempo/ Description
Maturity date
Tingkat bunga mengambang (lanjutan) Fixed interest rate (continued)

Rupiah (lanjutan) Rupiah (continued)
VR 0022 25 Maret/ VR 0022

March 25, 2016
VR 0023 25 Oktober/ VR 0023
October 25, 2016
VR 0026 25 Januari/ VR 0026
January 25, 2018
VR 0027 25 Juli/ VR 0027
July 25, 2018
VR 0028 25 Agustus/ VR 0028
August 25, 2018
August 25, 2019
VR 0031 25 Juli/ VR 0031
July 25, 2020
FR 0063 15 Mei/ FR 0063
May 15,2023
Tingkat bunga mengambang Variable interest rate
VR 0031 25 Juli/ VR 0031
July 25, 2020
August 25, 2019
Surat berharga Syariah Negara Government Sharia Bond
IFR 0002 15 Agustus/ IFR 0002
August 15, 2018
Sukuk Negara Sukuk Negara

SR 0003 23 Februari/ SR 0003
February 23, 2014
SR 0004 21 September/ SR 0004
September 21, 2015
SR 0002 10 Februari/ SR 0002
February 10, 2013
Obligasi pemerintah sejumlah nominal As of December 31, 2013, 2012, and 2011,
Rp3.065.000, Rp2.665.000, dan Rp5.203.302, government bonds with nominal amounts of
masing-masing pada tanggal 31 Desember 2013, Rp3,065,000, Rp2,665,000, and Rp5,203,302,
2012, dan 2011, telah dijual dengan janji dibeli respectively, were sold under repurchase
kembali (Catatan 19). agreements (Note 19).
Obligasi tingkat bunga tetap memperoleh bunga Bonds with fixed interest rates bear annual
tahunan berkisar antara 3,300% sampai dengan interest rates ranging from 3.300% to 11.950%,
11,950%, 4,450% sampai dengan 14,275%, dan 4.450% to 14.275%, and 12.500% to 14.275%, for
12,500% sampai dengan 14,275%, masing-masing the years ended December 31, 2013, 2012, and
pada tahun yang berakhir pada tanggal 2011, respectively.
31 Desember 2013, 2012, dan 2011.
Pembayaran kupon obligasi Pemerintah dengan Coupon payments of Government bonds with
tingkat bunga tetap dan variabel masing-masing fixed and variable interest rates are payable semi-
dibayarkan tiap semester dan triwulanan. annualy and quarterly, respectively.
Obligasi Pemerintah syariah seri SR dan seri IFR, SR series and IFR series sharia Government
masing-masing dibayarkan secara bulanan dan bonds are payable monthly and semi-annually,
semester. respectively.
Nilai pasar untuk obligasi pemerintah yang As of December 31, 2013, 2012, and 2011, the
tersedia untuk dijual pada tanggal 31 Desember market values of available-for-sale government
2013, 2012, dan 2011, masing-masing berkisar bonds ranges from 71.103% to 99.657%,
antara 71,103% sampai dengan 99,657%, antara 98.500% to 101.694%, and 98.514% to
98,500% sampai dengan 101,694%, dan antara 116.691%, respectively, of the nominal amounts
98,514% sampai dengan 116,691%, dari nilai of the government bonds owned by the Bank.
nominal obligasi yang dimiliki oleh Bank.
91
Kerugian yang belum direalisasi akibat penurunan As of December 31, 2013, the unrealized loss due
nilai wajar obligasi pemerintah yang tersedia untuk to the decrease in the fair value of available-for-
dijual pada tanggal 31 Desember 2013 sebesar sale government bonds amounted to Rp91,806
Rp91.806, sedangkan keuntungan yang belum respectively, while as of December 31, 2012 and
direalisasi akibat kenaikan nilai wajar obligasi 2011, the unrealized gain due to the increase in
pemerintah yang tersedia untuk dijual pada the fair value of available-for-sale government
tanggal 31 Desember 2012 dan 2011 adalah bonds amounted to Rp28,735 and Rp35,260. Both
sebesar Rp28.735 dan Rp35.260. Keduanya are presented as “Unrealized gains (losses) on
disajikan dalam akun “Keuntungan (kerugian) yang available-for-sale securities and government
belum direalisasi atas efek-efek dan obligasi bonds net of deferred tax” in the equity section of
pemerintah yang tersedia untuk dijual setelah the statement of financial position.
pajak tangguhan” pada ekuitas dalam laporan
posisi keuangan.
Mutasi keuntungan/kerugian obligasi Pemerintah Movements in unrealized gain/loss on available-

tersedia untuk dijual yang belum direalisasi adalah for-sale Government bonds are as follows:
sebagai berikut:
2013 2012 2011

Rugi yang belum
direalisasi yang diakui Unrealized loss recognized
di ekuitas (159.653) (9.952) (77.857) in equity
Jumlah yang direalisasi/ Amount realized
ke laba rugi (1.390) 939 (975) to profit or loss
Efek pajak 40.502 2.488 (13.567) Tax effect
Saldo akhir tahun (91.806) 28.735 35.260 Balance at end of year
Nilai pasar untuk obligasi pemerintah yang dimiliki As of December 31, 2013, 2012, and 2011, the
hingga jatuh tempo pada tanggal 31 Desember market values of held-to-maturity government
2013, 2012, dan 2011, masing-masing berkisar bonds ranges from 81.94% to 113.50%,
antara 81,94% sampai dengan 113,50%, 99,270% 99.270% to 102.477%, and 98.514% to 99.492%
sampai dengan 102,477%, dan 98,514% sampai respectively, of the government bonds nominal
dengan 99,492%, dari nominal obligasi. amounts.
Bank mengakui keuntungan bersih atas penjualan The Bank recognized net gain on sale of
obligasi pemerintah masing-masing sebesar government bonds amounting to Rp22,528,
Rp22.528, Rp8.551, dan Rp13.045, untuk tahun Rp8,551, and Rp13,045, for the years ended
yang berakhir pada tanggal-tanggal 31 Desember December 31, 2013, 2012, and 2011,
2013, 2012, dan 2011, yang disajikan dalam akun respectively, which is presented in the statement
“Keuntungan dari penjualan obligasi pemerintah - of income as “Gain on sale of government bonds-
neto” di laporan laba rugi. net”.
Bank mengakui kerugian neto dari perubahan nilai The Bank recognized net loss from the change in
obligasi pemerintah untuk nilai wajar melalui laba value of government bonds classified as fair value
rugi sebesar Rp138.689 untuk tahun yang berakhir through profit or loss amounting to Rp138,689 for
pada tanggal 31 Desember 2013 dan keuntungan the year ended December 31, 2013, and net gain
neto atas perubahan nilai wajar obligasi from the change in fair value of government bonds
pemerintah melalui laba rugi sebesar Rp501 untuk classified as fair value through profit or loss
tahun yang berakhir pada tanggal amounting to Rp501 for the years ended
31 Desember 2012, yang disajikan dalam akun December 31, 2012, which is presented in the
“Keuntungan (Kerugian) dari perubahan nilai statements of comprehensive income as “Gain
obligasi pemerintah untuk nilai wajar melalui laba (Loss) from change in value of fair value through
rugi - neto” di laporan laba rugi komprehensif. profit or loss government bonds - net”.
92
Sebagai bagian dari pengelolaan risiko Bank, As part of the Bank’s risk management, the
manajemen telah memitigasi risiko dari dampak management has mitigated the risk of market
fluktuasi harga pasar terhadap obligasi yang price fluctuation in relation with the bonds owned
dimiliki dengan melakukan investasi dalam by investing in protected mutual fund which held
reksadana terproteksi yang dimiliki hingga jatuh to maturity and has underlying of government
tempo yang mempunyai underlying obligasi bonds series FR63. As of December 31, 2013, the
pemerintah seri FR63. Pada tanggal 31 Desember Bank is the only party who holds the mutual fund
2013, Bank merupakan satu-satunya pihak yang unit.
memegang unit reksadana tersebut.
10. KREDIT YANG DIBERIKAN DAN 10. LOANS AND SHARIA FINANCING/
PEMBIAYAAN/PIUTANG SYARIAH RECEIVABLES
Seluruh kredit yang diberikan oleh Bank, termasuk All loans provided by the Bank, including sharia
pembiayaan/piutang syariah adalah dalam Rupiah. financing/receivables are in Rupiah. The details of
Rincian kredit dan pembiayaan/piutang syariah loans and sharia financing/receivables classified
yang diberikan oleh Bank berdasarkan jenis, by type, transactions with related parties,
transaksi dengan pihak-pihak berelasi, sektor economic sector, period based on agreements,
ekonomi, jangka waktu sesuai dengan perjanjian, remaining period to maturity and collectibility are
sisa umur jatuh tempo dan kolektibilitas adalah as follows:
sebagai berikut:
a. Jenis Kredit dan Pembiayaan/Piutang Syariah a. Types of Loans and Sharia

Financing/Receivables
2013 2012 2011
Konsumsi Consumer
Pemilikan rumah (KPR) 64.689.382 52.445.319 42.541.768 Housing loan
Non-kepemilikan rumah 8.144.940 6.839.485 5.411.143 Non-housing loan
72.834.322 59.284.804 47.952.911

Modal kerja 15.445.515 12.864.025 9.301.811 Working capital
Investasi 3.463.942 2.924.795 1.826.285 Investment
Sindikasi 62.712 28.047 48.882 Syndicated
Direksi dan karyawan Directors and employees
- Pihak ketiga 535.605 275.878 187.890 Third parties -
- Pihak yang berelasi 44.212 33.156 19.977 Related parties -
Total Konvensional 92.386.308 75.410.705 59.337.756 Total Conventional
Syariah Sharia
Konsumsi Consumer
Pemilikan rumah (KPR) 3.880.462 2.727.823 1.872.718 Housing loan
Non-kepemilikan rumah 488.057 389.841 42.425 Non-housing loan
4.368.519 3.117.664 1.915.143

Investasi 537.652 361.552 288.353 Investment
Direksi dan karyawan Directors and employees
- Pihak yang berelasi 1.055 1.470 1.051 Related parties -
Total Syariah 8.081.083 6.000.058 4.225.928 Total Sharia
Total 100.467.391 81.410.763 63.563.684 Total

penurunan nilai (1.137.177) (980.714) (944.098) for impairment losses
Neto 99.330.214 80.430.049 62.619.586 Net
93
PEMBIAYAAN/PIUTANG SYARIAH (lanjutan) RECEIVABLES (continued)
b. Sektor Ekonomi b. Economic Sector
2013 2012 2011
Perumahan 82.233.929 66.874.714 53.563.628 Property
Jasa usaha 2.290.561 2.263.742 1.752.593 Business service
Konstruksi 2.088.158 2.210.399 1.406.835 Construction
Perdagangan, restoran, dan hotel 2.224.449 1.599.224 831.669 Trading, restaurant and hotel
Transportasi, Pergudangan, Transportation, warehousing,
dan Komunikasi 233.177 213.143 93.735 and communication
Manufaktur 267.466 199.764 143.213 Manufacturing
Jasa-jasa sosial 327.779 163.637 40.339 Social service
Pertanian 201.363 144.145 84.476 Farming
Pertambangan 160.732 99.235 75.815 Mining
Listrik, gas dan air 30.992 35.613 15.330 Electricity, gas and water
Lain-lain*) 2.327.702 1.607.089 1.330.123 Other*)
Syariah Sharia
Jasa usaha 2.527.356 2.109.238 1.790.582 Business service
Konstruksi 1.184.264 771.685 519.152 Construction
Total 100.467.391 81.410.763 63.563.684 Total

Neto 99.330.214 80.430.049 62.619.586 Net
*) Terdiri dari rumah tangga dan sektor ekonomi lainnya *) Consists of household and other economic sectors
c. Kolektibilitas c. Collectibility
2013 2012 2011
Cadangan Cadangan Cadangan

atas penurunan atas penurunan atas penurunan
nilai/ nilai/ nilai/
Nilai tercatat/ Allowance Nilai tercatat/ Allowance Nilai tercatat/ Allowance
Carrying for impairment Carrying for impairment Carrying for impairment
amount losses amount losses amount losses
Individual 10.721.471 158.954 7.866.240 264.339 5.563.601 124.989 Individual
Kolektif Collective
Lancar 67.168.404 11.342 55.581.405 16.852 45.005.777 450.058 Current
Dalam perhatian khusus 11.053.174 7.259 9.127.663 7.845 7.349.511 52.649 Special mention
Kurang lancar 348.183 3.245 540.580 16.639 159.500 3.702 Substandard
Diragukan 425.404 9.536 507.393 10.228 179.382 13.343 Doubtful
Macet 2.669.672 817.125 1.787.424 473.010 1.079.985 159.846 Loss
Total Konvensional 92.386.308 1.007.461 75.410.705 788.913 59.337.756 804.587 Total Conventional
Syariah Sharia
Lancar 7.480.182 74.802 5.519.771 55.200 3.897.184 34.767 Current
Dalam perhatian khusus 507.086 17.739 337.505 18.187 184.264 4.767 Special mention
Kurang lancar 20.288 3.417 21.615 3.488 18.044 5.285 Substandard
Macet 58.919 29.981 113.264 110.290 109.714 84.578 Loss
Total Syariah 8.081.083 129.716 6.000.058 191.801 4.225.928 139.511 Total Sharia
Total 100.467.391 1.137.177 81.410.763 980.714 63.563.684 944.098 Total
94
d. Transaksi dengan pihak-pihak berelasi d. Transactions with related parties
2013 2012 2011
Konsumsi Consumer
Pemilikan rumah (KPR) 19.043 11.547 3.379 Housing Loan
Non- kepemilikan rumah 14.212 14.008 226.398 Non-housing loan
33.255 25.555 229.777

Modal Kerja 257.006 100.986 280.805 Working capital
Investasi 5.599 6.324 27.789 Investment
Total Konvensional 295.860 132.865 538.371 Total Conventional
Syariah Sharia
Konsumsi Consumer
Pemilikan rumah (KPR) 791 1.420 997 Housing Loan
Non- kepemilikan rumah 264 50 54 Non-housing loan
Total Syariah 1.055 1.470 1.051 Total Sharia
Total 296.915 134.335 539.422 Total
e. Jangka waktu (sesuai dengan perjanjian kredit e. Loan period (based on agreements covering
dan pembiayaan/piutang syariah) loan and sharia financing/receivables)
2013 2012 2011
1 tahun 2.601.733 2.358.649 1.827.859 1 year
> 1 tahun 2 tahun 5.159.064 3.868.299 2.909.854 > 1 year 2 years
> 2 tahun 5 tahun 11.241.978 9.622.435 7.201.757 > 2 years 5 years
> 5 tahun 73.383.533 59.561.322 47.398.286 > 5 years
Syariah Sharia
1 tahun 474.059 398.906 269.656 1 year
> 1 tahun 2 tahun 1.085.194 690.914 474.163 > 1 year 2 years
> 5 tahun 3.888.491 2.668.917 1.801.636 > 5 years
Total 100.467.391 81.410.763 63.563.684 Total

Cadangan kerugian Allowance
Neto 99.330.214 80.430.049 62.619.586 Net
95
f. Sisa Umur Jatuh Tempo f. Remaining Period to Maturity

2013 2012 2011
1 tahun 8.689.552 7.823.629 6.667.002 1 year
> 1 tahun 2 tahun 5.280.165 3.813.337 2.583.383 > 1 year 2 years
> 5 tahun 67.787.039 54.576.513 43.208.473 > 5 years
Syariah Sharia
1 tahun 1.368.192 984.565 665.363 1 year
> 1 tahun 2 tahun 1.044.466 746.440 521.301 > 1 year 2 years
> 5 tahun 3.532.690 2.489.680 1.709.417 > 5 years
Total 100.467.391 81.410.763 63.563.684 Total

Cadangan kerugian
penurunan nilai (1.137.177) (980.714) (944.098) Allowance for impairment losses
Neto 99.330.214 80.430.049 62.619.586 Net
g. Informasi pokok lainnya g. Other significant information
i. Termasuk di dalam kredit yang diberikan i. Loans include sharia financing/receivables

adalah pembiayaan/piutang syariah yang with details, as follows:
diberikan dengan rincian sebagai berikut:
2013 2012 2011
Piutang Murabahah 3.970.180 2.791.724 1.945.167 Murabahah receivables

Pembiayaan Mudharabah 1.711.331 1.601.327 1.437.179 Mudharabah financing
Pembiayaan Musyarakah 1.735.489 1.114.844 709.250 Musyarakah financing
Piutang Istishna 344.264 181.648 107.303 Istishna receivables
Pinjaman qardh 319.819 310.515 27.029 Fund of qardh
Total 8.081.083 6.000.058 4.225.928 Total

Neto 7.951.367 5.808.257 4.086.417 Net
ii. Kisaran suku bunga rata-rata per tahun ii. The range of annual interest rates for
untuk kredit konsumer sebesar 5,00% consumer loans is 5.00% to 25.20%,
sampai 25,20%, 5,70% sampai 25,50%, 5.70% to 25.50%, and 7.00% to 25.20%
dan 7,00% sampai 25,20% masing- for the years ended December 31, 2013,
masing untuk tahun yang berakhir pada 2012, and 2011, respectively. The range
tanggal 31 Desember 2013, 2012 dan of annual interest rates for commercial
2011. Kisaran suku bunga rata-rata per loans are 3.25% to 22.00%, 2.50% to
tahun untuk kredit komersial masing- 22.00%, and 2.00% to 22.00% for the
masing sebesar 3,25% sampai 22,00%, years ended December 31, 2013, 2012,
2,50% sampai 22,00%, dan 2,00% sampai and 2011, respectively.
22,00% masing-masing untuk tahun yang
berakhir pada tanggal 31 Desember
2013, 2012, dan 2011.
96
g. Informasi pokok lainnya (lanjutan) g. Other significant information (continued)
iii. Kredit konsumsi terdiri dari kredit iii. Consumer loans consist of housing loans
pemilikan rumah (KPR) dan kredit yang and other housing-related loans. As of
berkaitan dengan perumahan. Pada December 31, 2013, 2012, and 2011,
tanggal 31 Desember 2013, 2012, dan housing loans amounting to Rp6,192,294,
2011, KPR masing-masing sebesar Rp5,537,574, and Rp3,970,387,
Rp6.192.294, Rp5.537.574, dan respectively, are used as collateral for
Rp3.970.387 telah dijadikan jaminan loans obtained from PT Sarana Multigriya
pinjaman yang diterima dari PT Sarana Finansial (Persero) (SMF) (related party),
Multigriya Finansial (Persero) (SMF) PT Bank Central Asia Tbk and PT Bank
(pihak berelasi), PT Bank Central Asia Tbk Mutiara Tbk (Note 21).
dan PT Bank Mutiara Tbk (Catatan 21).
iv. Kredit yang diberikan dijamin dengan hak iv. The loans are collateralized by registered
tanggungan atau surat kuasa memasang mortgages or by powers of attorney to
hak tanggungan atau surat kuasa untuk mortgage or sell, demand deposits,
menjual, giro, tabungan, deposito savings deposits, time deposits, or by
berjangka atau jaminan lain yang other collaterals generally acceptable to
umumnya diterima oleh Bank (Catatan 15, the Bank (Notes 15, 16 and 17).
16 dan 17).
v. Bank telah melakukan sekuritisasi v. The Bank conducted the first

pertama atas tagihan Kredit Pemilikan securitization of its housing loans (“pool of
Rumah (”kumpulan tagihan”) yang receivables”), by appointing PT Sarana
dimilikinya dengan menunjuk PT Sarana Multi Griya Finansial (Persero) as the
Multi Griya Finansial (Persero) sebagai Global Coordinator, Standby Buyer and
Koordinator Global dan Pembeli Siaga Credit Support. The pool of receivables
serta Pendukung Kredit. Selanjutnya atas which met the criteria for selection by the
kumpulan tagihan yang memenuhi kriteria Bank, as the Initial Creditor, were sold and
pemilihan, oleh Bank, sebagai Kreditur transferred to Collective Investment
Awal, telah dijual dan dialihkan ke kontrak Contract Asset-Backed Securities
Investasi Kolektif Efek Beragun Aset Danareksa SMF I-KPR BTN (KIK-DSMF-I)
Danareksa SMFI-KPR BTN (KIK-DSMF-I) based on sale-purchase deed No. 80
yang tertuang dalam Akta Jual Beli No. 80 dated January 16, 2009 and Deed of
tanggal 16 Januari 2009 dan Akta cessie Assignment No. 70 dated February 11,
No. 70 tanggal 11 Februari 2009. 2009.
vi. KIK-DSMF-I dibentuk berdasarkan Kontrak vi. KIK-DSMF-I was established based on
Investasi Kolektif antara PT Danareksa Collective Investment Contract, between
Investment Management sebagai Manajer PT Danareksa Investment Management
Investasi dan PT Bank Rakyat Indonesia as the investment manager and PT Bank
(Persero) Tbk sebagai Bank Kustodian Rakyat Indonesia (Persero) Tbk as the
berdasarkan Akta No. 79 tanggal Custodian Bank based on deed No. 79
16 Januari 2009. dated January 16, 2009.
Nilai pokok kumpulan tagihan yang dijual On January 7, 2009 (final cut-off date),
dan dialihkan tersebut yang merupakan the pool of receivables, which represent
kumpulan tagihan terseleksi adalah selected receivables totaling Rp111,111
sebesar Rp111.111 yang terdiri dari 5.060 and consisting of 5,060 debtors, were sold
debitur dengan harga sebesar nilai pokok and transferred at their total principal
kumpulan tagihan pada tanggal 7 Januari values.
2009 (tanggal cut off final).
97
Tingkat suku bunga yang dikenakan pada The interest rate charged to the debtors of
debitur kumpulan tagihan tersebut pada the pool of receivables on the date of sale
tanggal penjualan adalah sebesar 15% is 15% with a maximum maturity of up to
dengan tanggal jatuh tempo maksimum December 7, 2015. With the sale and
adalah tanggal 7 Desember 2015. Setelah transfer of the pool of receivables, credit
terjadinya penjualan dan pengalihan risks on the pool of receivables were
kumpulan tagihan tersebut, risiko kredit transferred from the Bank to the buyer.
atas kumpulan tagihan telah beralih dari
Bank kepada pembeli.
Selanjutnya, KIK-DSMF-I menerbitkan Further, KIK-DSMF-1 issued Asset-
Efek Beragunan Aset (EBA) yang Backed Securities (ABS), which represent
merupakan bentuk partisipasi dalam instruments of joint ownership on the pool
kepemilikan bersama atas kumpulan of receivables. ABS were issued in two
tagihan. EBA diterbitkan dalam dua kelas types or classes as follows:
yaitu:
(i) EBA Kelas A senilai Rp100.000 yang (i) Class A ABS amounting to
dicatat pada Bursa Efek Indonesia Rp100,000, which are registered in
dan ditawarkan kepada publik dengan the Indonesia Stock Exchange, and
nilai 100% dari nilai pokok EBA Kelas offered to the public at 100% of the
A dengan tingkat bunga tetap sebesar nominal value of class A ABS with an
13% per tahun dengan tanggal jatuh annual fixed interest rate of 13% and
tempo 10 Maret 2018. EBA Kelas A due on March 10, 2018. The Class A
telah mendapatkan hasil ABS were rated Aaa_id (triple A;
pemeringkatan atas efek beragunan Stable Outlook) by PT Moody’s
aset dari PT Moody’s Indonesia yaitu Indonesia. The Registration
Aaa_id (triple A; Stable Outlook). Statement Letter from KIK-DSMF-I
Surat Pernyataan Pendaftaran dari became effective based on Letter
KIK-DSMF-I telah mendapatkan No. S-647/BL/2009 dated January 29,
pernyataan efektif dari Badan 2009 of the Chairman of Bapepam-
Pengawas Pasar Modal dan Lembaga LK; and
Keuangan (Bapepam-LK) melalui
surat No. S-647/BL/2009 tanggal
29 Januari 2009; dan
(ii) EBA Kelas B dengan nilai pokok (ii) Class B ABS with principal value of
sebesar Rp11.111 yang ditawarkan Rp11,111 offered at 100% of the
dengan nilai 100% dari nilai pokok nominal value of Class B ABS and
EBA Kelas B dan memiliki tanggal will mature on March 10, 2018. The
jatuh tempo pada tanggal 10 Maret Class B ABS are not registered in the
2018. EBA Kelas B tidak dicatat pada Indonesia Stock Exchange but are
Bursa Efek Indonesia namun offered to prospective buyers with the
ditawarkan kepada calon pembeli condition that the Bank has the first
dengan ketentuan bahwa Bank priority to purchase such securities.
mempunyai hak terlebih dahulu untuk Class B ABS holders have the right to
membeli EBA Kelas B. Pemegang the residual cash flows based on the
EBA Kelas B berhak atas semua arus payment priorities in each interest
kas tersisa sesuai dengan urutan payment period. On February 10,
prioritas pembayaran untuk setiap 2009, the Bank purchased and
periode bunga. Pada tanggal recorded Class B ABS as held-to-
10 Februari 2009, Bank telah membeli maturity securities in the Bank’s
dan mencatat EBA Kelas B sebagai statements of financial position
efek yang dimiliki hingga jatuh tempo (Note 8).
pada laporan posisi keuangan Bank
(Catatan 8).
98
10. KREDIT YANG DIBERIKAN DAN 10. LOANS AND SHARIA FINANCING
Transaksi penjualan kumpulan tagihan A true sale opinion was rendered on the
telah memperoleh opini penjualan putus sale of the pool of receivables from
(true sale) dari pihak independen yang independent parties, which consisted of
terdiri dari pendapat dari segi akuntansi accounting opinion from an independent
oleh Akuntan Independen dan pendapat accountant and legal opinion from an
dari segi hukum oleh kantor konsultan independent legal consultant. Based on
hukum independen. Atas dasar the opinions of the above two
opini kedua pihak independen independent parties, the Bank
tersebut, Bank telah mengeluarkan derecognized the pool of receivables
kumpulan tagihan sebesar Rp111.111 amounting to Rp111,111 from its
dari laporan posisi keuangan Bank statements of financial position.
(penghentian pengakuan).
Atas transaksi sekuritisasi atas kumpulan Based on the Service Provider

tagihan tesebut di atas, Bank juga Agreement No. 114/PKS/DIM/08 dated
bertindak sebagai Penyedia Jasa December 4, 2008 which was last
sebagaimana tertuang dalam perjanjian amended by the second Amendment of
penyediaan jasa No. 114/PKS/DIM/08 Service Provider Agreement No. 46/
tanggal 4 Desember 2008 sebagaimana ADD/PKS/DIR/2008 dated December 26,
diubah terakhir dengan Perubahan Kedua 2008, the Bank also acts as a service
Perjanjian Penyediaan Jasa provider in the above securitization
No. 46/ADD/PKS/DIR/2008 tertanggal transaction of the pool of receivables.
26 Desember 2008. Peran utama Bank The Bank’s primary role as a service
sebagai penyedia jasa antara lain provider, among others, is to collect the
mengumpulkan pembayaran pokok dan principal and interest payments from
bunga dari para debitur untuk setiap debtors on each collection period, to
periode penagihan, mentransfer secara transfer monthly the proceeds from
bulanan hasil penagihan kepada KIK- collection to the KIK-DSMF-I and to
DSMF-I dan mengadministrasikannya maintain the good, safe, orderly and
dengan baik, aman dan teratur serta professional administration of the
profesional untuk kepentingan KIK-DSMF- debtors’ accounts for the interest of KIK-
I yang merupakan representasi dari para DSMF-I, which represents the ABS
pemegang EBA. holders.
Setelah jumlah pokok terhutang atas After the decrease in the outstanding
kumpulan tagihan telah berkurang menjadi principal amount of the pool of
10% (atau kurang) dari jumlah pokok receivables to 10% (or less) from the
terhutang pada tanggal cut-off final principal amount on the final cut-off date
(7 Januari 2009), Bank sebagai penyedia (January 7, 2009), the Bank as the
jasa, mempunyai opsi untuk membeli dari service provider, has the option to
para pemegang EBA Kelas A yang purchase on each payment date, all and
diwakili oleh Bank kustodian, pada tiap not only a part of the residual pool of
tanggal pembayaran, seluruh dan tidak receivables from the Class A ABS
hanya sebagian, kumpulan tagihan yang holders, who are represented by the
tersisa dengan harga yang sama dengan, custodian bank, at a price equal to or the
mana yang lebih tinggi, antara (i) jumlah higher between (i) the outstanding
pokok terhutang dari kumpulan tagihan principal amount of the pool of
berikut bunganya yang terhutang receivables after deducting the amount of
dikurangi dengan tagihan tertunggak pada late payments on the receivables at the
saat dilaksanakannya clean-up call atau time of exercising the clean-up call or (ii)
(ii) jumlah pokok terutang dari EBA kelas the outstanding principal amount of Class
A berikut bunganya yang terhutang A ABS including interest and other senior
ditambah biaya-biaya senior dan pajak expenses and taxes payable at that
terhutang saat itu yang wajib dibayar. period of time.
99
vii. Bank telah melakukan sekuritisasi kedua vii. The Bank conducted the second
atas tagihan Kredit Pemilikan Rumah securitization transaction on its housing
(“kumpulan tagihan”) yang dimilikinya loans (“pool of receivables”), by
dengan menunjuk PT Sarana Multi Griya appointing PT Sarana Multi Griya
Finansial (Persero) sebagai koordinator Finansial (Persero) as the Global
Global dan Pembeli Siaga serta Coordinator, Standby Buyer and Credit
Pendukung Kredit. Support.
Selanjutnya atas kumpulan tagihan yang The pool of receivables, which met the
memenuhi kriteria pemilihan, oleh Bank, criteria for selection by the Bank, as the
sebagai Kreditur Awal, telah dijual dan Initial Creditor, were sold and transferred
dialihkan ke kontrak Investasi Kolektif Efek to Collective Investment Contract Asset-
Beragun Aset Danareksa SMFII-KPR BTN Backed Securities Danareksa SMFII-KPR
(KIK-DSMF-II) yang tertuang dalam Akta BTN (KIK-DSMF-II) based on sale-
Jual Beli No. 135 tanggal 19 Oktober 2009 purchase deed No. 135 dated October 19,
dan Akta cessie No. 33 tanggal 2009 and Deed of Assignment No. 33
10 November 2009. KIK-DSMF-II dibentuk dated November 10, 2009. KIK-DSMF-II
berdasarkan Kontrak Investasi Kolektif was established based on Collective
antara PT Danareksa Investment Investment Contract between
Management sebagai Manajer Investasi PT Danareksa Investment Management
dan PT Bank Rakyat Indonesia (Persero) as the investment manager and PT Bank
Tbk sebagai Bank Kustodian berdasarkan Rakyat Indonesia (Persero) Tbk as the
Akta No. 13 tanggal 5 Agustus 2009 dan Custodian Bank based on deed No. 13
diamandemen dengan akta No. 134 dated August 5, 2009, which was
tanggal 19 Oktober 2009. Nilai pokok amended by deed No. 134 dated
kumpulan tagihan yang dijual dan October 19, 2009. On the final cut-off date
dialihkan tersebut yang merupakan (October 7, 2009), the pool of receivables,
kumpulan tagihan terseleksi adalah which represent selected receivables
sebesar Rp391.305 yang terdiri dari totaling to Rp391,305 and consisting of
15.114 debitur dengan harga sebesar nilai 15,114 debtors, were sold and transferred
pokok kumpulan tagihan pada tanggal 7 at their total principal values.
Oktober 2009 (tanggal cut off final).
debitur kumpulan tagihan tersebut pada the pool of receivables on the date of sale
tanggal penjualan adalah sebesar 15% is 15% with a maximum maturity of up to
dengan tanggal jatuh tempo maksimum October 7, 2017. With the sale and
adalah 7 Oktober 2017. Setelah terjadinya transfer of the pool of receivables, credit
penjualan dan pengalihan kumpulan risks on the pool of receivables were
tagihan tersebut, risiko kredit atas transferred from the Bank to the buyer
kumpulan tagihan telah beralih dari Bank
kepada pembeli.
Selanjutnya, KIK-DSMF-II menerbitkan Further, KIK-DSMF-II issued Asset-
kepemilikan bersama atas Kumpulan of receivables. ABS were issued in two
Tagihan. EBA diterbitkan dalam dua kelas types or classes as follows:
yaitu:
(i) EBA Kelas A senilai Rp360.000 yang (i) Class A ABS amounting to Rp360,000,
dicatat pada Bursa Efek Indonesia dan which are registered in the Indonesia
ditawarkan kepada publik dengan nilai Stock Exchange, and offered to the
100% dari nilai pokok EBA Kelas A public at 100% of the nominal value of
dengan tingkat bunga tetap sebesar Class A ABS with an annual fixed
11% per tahun dengan tanggal jatuh interest rate of 11% and due on
tempo 10 Desember 2019. EBA Kelas December 10, 2019. The Class A ABS
A telah mendapatkan hasil were rated idAAA by PT Pemeringkat
pemeringkatan atas efek beragun aset Efek Indonesia.
dari PT Pemeringkat Efek Indonesia
yaitu idAAA.
100

Pada tanggal 30 Oktober 2009, Surat On October 30, 2009, the Registration
Pernyataan Pendaftaran dari KIK- Statement Letter from KIK-DSMF-II
DSMF-II telah mendapatkan became effective based on Letter
pernyataan efektif dari Badan No. S-9604/BL/2009 dated October 30,
Pengawas Pasar Modal dan Lembaga 2009 of the Chairman of Bapepam-LK;
Keuangan (Bapepam-LK) melalui surat and
No. S-9604/BL/2009 tanggal
30 Oktober 2009; dan
(ii) EBA Kelas B dengan nilai pokok (ii) Class B ABS with a principal value of
dengan nilai 100% dari nilai pokok nominal value of Class B ABS and will
EBA Kelas B dan memiliki tanggal mature on December 10, 2019. The
jatuh tempo pada tanggal Class B ABS are not registered in the
10 Desember 2019. EBA Kelas B tidak Indonesia Stock Exchange but are
dicatat pada Bursa Efek Indonesia offered to prospective buyer with the
namun ditawarkan kepada calon condition that the Bank has the first
pembeli dengan ketentuan bahwa priority to purchase such securities.
Bank mempunyai hak terlebih dahulu Class B ABS holders have the right on
untuk membeli EBA Kelas B. the residual cash flows based on the
Pemegang EBA Kelas B berhak atas payment priorities on each interest
semua arus kas tersisa sesuai dengan payment period.
urutan prioritas pembayaran untuk
setiap periode bunga.
Pada tanggal 10 November 2009, On November 10, 2009, the Bank
Bank telah membeli dan mencatat EBA purchased and recorded Class B ABS
Kelas B sebagai efek yang dimiliki as held-to-maturity securities in the
hingga jatuh tempo pada laporan Bank’s statements of financial position
posisi keuangan Bank (Catatan 8). (Note 8).
dari segi hukum oleh kantor konsultan independent legal consulting firm. Based
hukum independen. Atas dasar opini on the opinions of the above two
kedua pihak independen tersebut, Bank independent parties, the Bank
telah mengeluarkan kumpulan tagihan derecognized the pool of receivables
sebesar Rp391.305 dari laporan posisi amounting to Rp391,305 from its
keuangan Bank (penghentian statements of financial position.
pengakuan).
Atas transaksi sekuritisasi atas Kumpulan Based on the Service Provider Agreement
Tagihan tersebut di atas, Bank juga No. 56/PKS/DIR/2009 dated August 7,
bertindak sebagai penyedia jasa 2009, the Bank also acts as a service
sebagaimana tertuang dalam perjanjian provider in the above securitization
penyediaan jasa No. 56/PKS/DIR/2009 transaction of the pool of receivables. The
tanggal 7 Agustus 2009. Peran utama Bank’s primary role as a service provider,
Bank sebagai penyedia jasa antara lain among others, is to collect the principal
mengumpulkan pembayaran pokok dan and interest payments from debtors on
bunga dari para debitur untuk setiap each collection period, to transfer monthly
periode penagihan, mentransfer secara the proceeds from collection to the KIK-
bulanan hasil penagihan kepada KIK- DSMF-II and to maintain the good, safe,
DSMF-II dan mengadministrasikannya orderly and professional administration of
dengan baik, aman dan teratur serta the debtors’ accounts for the interest of
profesional untuk kepentingan KIK-DSMF- KIK-DSMF-II, which represents the ABS
II yang merupakan representasi dari para holders.
pemegang EBA.
101
Kumpulan Tagihan telah berkurang principal amount of the pool of receivables
menjadi 10% (atau kurang) dari jumlah to 10% (or less) from the principal amount
pokok terhutang pada tanggal cut-off final on the final cut-off date (October 7, 2009),
(7 Oktober 2009), Bank sebagai penyedia the Bank as the service provider, has the
jasa, mempunyai opsi untuk membeli dari option to purchase on each payment
para pemegang EBA Kelas A yang date, all and not only a part of the residual
diwakili oleh Bank kustodian, pada tiap pool of receivables from the Class A ABS
tanggal pembayaran, seluruh dan tidak holders, who are represented by the
hanya sebagian, kumpulan tagihan yang custodian bank, at a price equal to or the
tersisa dengan harga yang sama dengan, higher between (i) the outstanding
mana yang lebih tinggi, antara (i) jumlah principal amount of the pool of receivables
pokok terhutang dari kumpulan tagihan including interest after deducting the
berikut bunganya yang terhutang amount of late payments on the
dikurangi dengan tagihan tertunggak pada receivables at the time of exercising the
saat dilaksanakannya clean-up call atau clean-up call or (ii) the outstanding
(ii) jumlah pokok terutang dari EBA kelas principal amount of Class A ABS including
A berikut bunganya yang terhutang interest and other senior expenses and
ditambah biaya-biaya senior dan pajak taxes payable at that period of time.
terhutang saat itu yang wajib dibayar.
viii. Bank telah melakukan sekuritisasi ketiga viii. The Bank conducted the third
(“Kumpulan Tagihan”) yang dimilikinya loans (“pool of receivables”), by
Finansial (Persero) sebagai koordinator Finansial (Persero) as the Global
Global dan Pembeli Siaga serta Coordinator, Standby Buyer and Credit
Pendukung Kredit. Selanjutnya atas Support. The pool of receivables, which
kumpulan tagihan yang memenuhi kriteria met the criteria for selection by the Bank,
pemilihan, oleh Bank, sebagai Kreditur as the Initial Creditor, were sold
Awal, telah dijual dan dialihkan ke kontrak and transferred to Collective
Investasi Kolektif Efek Beragun Investment Contract Asset-Backed
Aset Danareksa BTN01-KPR BTN Securities Danareksa BTN01-KPR BTN
(KIK-DBTN-01) yang tertuang dalam Akta (KIK-DBTN-01) based on sale-purchase
Jual Beli No. 158 tanggal 16 Desember deed No. 158 dated December 16, 2010
2010 dan Akta cessie No. 33 tanggal and Deed of Assignment No. 33 dated
27 Desember 2010. KIK-DBTN-01 December 27, 2010. KIK-DBTN-01 was
dibentuk berdasarkan Kontrak Investasi established based on Collective
Kolektif antara PT Danareksa Investment Investment Contract between
Management sebagai Manajer Investasi PT Danareksa Investment Management
dan PT Bank Rakyat Indonesia (Persero) as the investment manager and PT Bank
Tbk sebagai Bank Kustodian berdasarkan Rakyat Indonesia (Persero) Tbk as the
Akta No. 118 tanggal 15 Desember 2010. Custodian Bank based on deed No. 118
Nilai pokok kumpulan tagihan yang dijual dated December 15, 2010. The pool of
dan dialihkan tersebut yang merupakan receivables, which represents selected
kumpulan tagihan terseleksi adalah receivables totaling to Rp750,000 and
sebesar Rp750.000 yang terdiri dari consisting of 33,663 debtors, were sold
33.663 debitur dengan harga sebesar nilai and transferred at their total principal
pokok kumpulan tagihan pada tanggal cut- values as of final cut-off date (December
off final (12 Desember 2010). Tingkat suku 12, 2010). The interest rate charged to the
bunga yang dikenakan pada debitur debtors of the pool of receivables on the
kumpulan tagihan tersebut pada tanggal date of sale is 15% with a maximum
penjualan adalah sebesar 15% dengan maturity of up to September 27, 2019.
tanggal jatuh tempo maksimum adalah With the sale and transfer of the pool of
27 September 2019. Setelah terjadinya receivables, credit risks on the pool of
penjualan dan pengalihan kumpulan receivables were transferred from the
tagihan tersebut, risiko kredit atas Bank to the buyer.
kumpulan tagihan telah beralih dari Bank
kepada pembeli.
102
Selanjutnya, KIK-DBTN-01 menerbitkan Further, KIK-DBTN-01 issued Asset-
yaitu:
9,25% per tahun dengan tanggal jatuh interest rate of 9.25% and due on
tempo 27 September 2019. September 27, 2019.
EBA Kelas A telah mendapatkan hasil The Class A ABS were rated idAAA by
pemeringkatan atas efek beragun aset PT Pemeringkat Efek Indonesia. The
dari PT Pemeringkat Efek Indonesia Registration Statement Letter from
yaitu idAAA. Pada tanggal 30 Oktober KIK-DBTN-01 dated October 30, 2009
2009, Surat Pernyataan Pendaftaran became effective based on Letter
dari KIK-DBTN-01 telah mendapatkan No. S-11491/BL/2010 dated
pernyataan efektif dari Badan December 23, 2010 of the Chairman of
Pengawas Pasar Modal dan Lembaga Bapepam-LK; and
23 Desember 2010; dan
EBA Kelas B dan memiliki tanggal mature on September 27, 2019. The
27 September 2019. EBA Kelas B Indonesia Stock Exchange but are
tidak dicatat pada Bursa Efek offered to prospective buyers with the
Indonesia namun ditawarkan kepada condition that the Bank has the first
calon pembeli dengan ketentuan priority to purchase such securities.
bahwa Bank mempunyai hak terlebih Class B ABS holders have the right on
dahulu untuk membeli EBA Kelas B. the residual cash flows based on the
semua arus kas tersisa sesuai dengan payment period. On December 27,
urutan prioritas pembayaran untuk 2010, the Bank purchased 6% of Class
setiap periode bunga. Pada tanggal B ABS offered and recorded it as held-
27 Desember 2010, Bank telah to-maturity securities in the Bank’s
membeli EBA Kelas B sebesar 6% dari statements of financial position
keseluruhan EBA Kelas B yang (Note 8).
ditawarkan dan mencatat EBA Kelas B
sebagai efek yang dimiliki hingga jatuh
tempo pada laporan posisi keuangan
Bank (Catatan 8).
Transaksi penjualan kumpulan tagihan A true sale opinion was rendered on the sale
telah memperoleh opini penjualan putus of the pool of receivables from independent
(true sale) dari pihak independen yang parties, which consisted of accounting opinion
terdiri dari pendapat dari segi akuntansi from an independent accountant and legal
oleh akuntan independen dan pendapat opinion from an independent legal consulting
dari segi hukum oleh kantor konsultan firm. Based on the opinions of the above two
hukum independen. Atas dasar opini independent parties, the Bank derecognized
kedua pihak independen tersebut, Bank the pool of receivables amounting to
telah mengeluarkan kumpulan tagihan Rp750,000 from its statements of financial
sebesar Rp750.000 dari laporan position.
posisi keuangan Bank (penghentian
pengakuan).
103
Atas transaksi sekuritisasi atas Kumpulan Based on the Service Provider Agreement
Tagihan tersebut di atas, Bank juga No. 47/PKS/DIR/2010 dated November 15,
bertindak sebagai penyedia jasa 2010, the Bank also acts as a service provider
sebagaimana tertuang dalam perjanjian in the above securitization transaction of the
penyediaan jasa No. 47/PKS/DIR/2010 pool of receivables. The Bank’s primary role as
tanggal 15 November 2010. Peran utama a service provider, among others, is to collect
Bank sebagai penyedia jasa antara lain the principal and interest payments from
mengumpulkan pembayaran pokok dan debtors on each collection period, to transfer
bunga dari para debitur untuk setiap monthly the proceeds from collection to the
periode penagihan, mentransfer secara KIK-DBTN-01 and to maintain the good, safe,
bulanan hasil penagihan kepada KIK- orderly and professional administration of the
DBTN-01 dan mengadministrasikannya debtors’ accounts for the interest of KIK-
dengan baik, aman dan teratur serta DBTN-01, which represents the ABS holders.
profesional untuk kepentingan KIK-DBTN-
01 yang merupakan representasi dari para
pemegang EBA.
Setelah jumlah pokok terhutang atas After the decrease in the outstanding principal
kumpulan tagihan telah berkurang menjadi amount of the pool of receivables to 10% (or
10% (atau kurang) dari jumlah pokok less) from the principal amount on the final cut-
terhutang pada tanggal cut off final (12 off date (December 12, 2010), the Bank as the
Desember 2010), Bank sebagai penyedia service provider, has the option to purchase
jasa, mempunyai opsi untuk membeli dari on each payment date, all and not only a part
para pemegang EBA Kelas A yang of the residual pool of receivables from the
diwakili oleh Bank kustodian, pada tiap Class A ABS holders, who are represented by
tanggal pembayaran, seluruh dan tidak the custodian bank, at a price equal to or the
hanya sebagian, kumpulan tagihan yang higher between (i) the outstanding principal
tersisa dengan harga yang sama dengan, amount of the pool of receivables including
mana yang lebih tinggi, antara (i) jumlah interest after deducting the amount of late
pokok terhutang dari kumpulan tagihan payments on the receivables at the time of
berikut bunganya yang terhutang exercising the clean-up call and (ii) the
dikurangi dengan tagihan tertunggak pada outstanding principal amount of Class A ABS
saat dilaksanakannya clean-up call atau including interest and other senior expenses
(ii) jumlah pokok terutang dari EBA kelas and taxes payable at that period of time.
A berikut bunganya yang terhutang
ditambah biaya-biaya senior dan pajak
terhutang saat itu yang wajib dibayar.
ix. Bank telah melakukan sekuritisasi ix. The Bank conducted the fourth
keempat atas tagihan Kredit Pemilikan securitization transaction on its housing
Rumah (“Kumpulan Tagihan”) yang loans (“pool of receivables”), by
dimilikinya dengan menunjuk PT Sarana appointing PT Sarana Multi Griya
Multi Griya Finansial (Persero) sebagai Finansial (Persero) as the Global
arranger (penata transaksi) dan Pembeli Coordinator, Standby Buyer and Credit
Siaga serta Pendukung Kredit. Support. The pool of receivables, which
Selanjutnya atas Kumpulan Tagihan yang met the criteria for selection by the Bank,
memenuhi kriteria pemilihan, oleh Bank, as the Initial Creditor, were sold and
sebagai Kreditur Awal, telah dijual dan transferred to Collective Investment
dialihkan ke kontrak Investasi Kolektif Efek Contract Asset-Backed Securities
Beragun Aset Danareksa BTN02-KPR Danareksa BTN02-KPR BTN (KIK-DBTN-
BTN (KIK-DBTN-02) yang tertuang dalam 02) based on sale-purchase deed No. 37
Akta Jual Beli No. 37 tanggal 25 Oktober dated October 25, 2011 and Deed of
2011 dan Akta cessie No. 31 tanggal Assignment No. 31 dated November 16,
16 November 2011. 2011.
104
KIK-DBTN-02 dibentuk berdasarkan KIK-DBTN-02 was established based on

Kontrak Investasi Kolektif antara Collective Investment Contract between
PT Danareksa Investment Management PT Danareksa Investment Management
sebagai Manajer Investasi dan PT Bank as the investment manager and PT Bank
Mandiri (Persero) Tbk sebagai Bank Mandiri (Persero) Tbk as the Custodian
Kustodian berdasarkan Akta Bank based on deed No. 15 dated
No. 15 tanggal 15 September 2011. September 15, 2011.
Nilai pokok kumpulan tagihan yang dijual On the final cut-off date (October 19,
dan dialihkan tersebut yang merupakan 2011), the pool of receivables, which
kumpulan tagihan terseleksi adalah represent selected receivables totaling to
sebesar Rp703.450 yang terdiri dari Rp703,450 and consisting of 19,810
19.810 debitur dengan harga sebesar nilai debtors, were sold and transferred at their
pokok kumpulan tagihan pada tanggal cut- total principal values.
off final (19 Oktober 2011).
debitur Kumpulan Tagihan tersebut pada the pool of receivables on the date of sale
tanggal penjualan adalah sebesar 13,58% is 13.58% with a maximum maturity of up
dengan tanggal jatuh tempo maksimum to February 1, 2020. With the sale and
adalah 1 Februari 2020. Setelah transfer of the pool of receivables, credit
terjadinya penjualan dan pengalihan risks on the pool of receivables were
kumpulan tagihan tersebut, risiko kredit transferred from the Bank to the buyer.
atas kumpulan tagihan telah beralih dari
Bank kepada pembeli.

yaitu:
8,75% per tahun dengan tanggal jatuh interest rate of 8.75% and due on
tempo 27 Februari 2021. EBA February 27, 2021. The Class A ABS
Kelas A telah mendapatkan hasil were rated idAAA by PT Pemeringkat
pemeringkatan atas efek beragun aset Efek Indonesia. The Registration
dari PT Pemeringkat Efek Indonesia Statement Letter from KIK-DBTN-02
yaitu idAAA. Pada tanggal 3 November dated November 3, 2011 became
2011, Surat Pernyataan Pendaftaran effective based on Letter
dari KIK-DBTN-02 telah mendapatkan No. S-11916/BL/2010 dated
pernyataan efektif dari Badan November 3, 2011 of the Chairman of
Pengawas Pasar Modal dan Lembaga Bapepam-LK; and
3 November 2011; dan
105
EBA Kelas B dan memiliki tanggal mature on February 27, 2021. The
27 Februari 2021. EBA Kelas B tidak Indonesia Stock Exchange but are
dicatat pada Bursa Efek Indonesia offered to prospective buyers with the
namun ditawarkan kepada calon condition that the Bank has the first
pembeli dengan ketentuan bahwa priority to purchase such securities.
Bank mempunyai hak terlebih dahulu Class B ABS holders have the right on
untuk membeli EBA Kelas B. the residual cash flows based on the
semua arus kas tersisa sesuai dengan payment period. On November 16,
urutan prioritas pembayaran untuk 2011, Bank purchased 6% of Class B
setiap periode bunga. Pada tanggal ABS offered and recorded it as held-to-
16 November 2011, Bank telah maturity securities in the Bank’s
membeli EBA Kelas B sebesar 6% dari statements of financial position
keseluruhan EBA Kelas A dan B yang (Note 8).
ditawarkan dan mencatat EBA Kelas B
Bank (Catatan 8).
oleh akuntan independen dan pendapat accountant and legal opinion from an
hukum independen. Atas dasar opini the opinions of the above two independent
kedua pihak independen tersebut, Bank parties, the Bank derecognized the pool of
telah mengeluarkan kumpulan tagihan receivables amounting to Rp703,450 from
sebesar Rp703.450 dari laporan posisi its statements of financial position.
keuangan Bank (penghentian
pengakuan).
Atas transaksi sekuritisasi atas kumpulan Based on the Service Provider

tagihan tersebut di atas, Bank juga Agreement No. 09/PKS/TRSD/2011
bertindak sebagai penyedia jasa dated October 21, 2011, the Bank also
sebagaimana tertuang dalam perjanjian acts as a service provider in the above
penyediaan jasa No. 09/PKS/TRSD/2011 securitization transaction of the pool of
tanggal 21 Oktober 2011. Peran utama receivables. The Bank’s primary role as a
Bank sebagai penyedia jasa antara lain service provider, among others, is to
mengumpulkan pembayaran pokok dan collect the principal and interest
bunga dari para debitur untuk setiap payments from debtors on each
periode penagihan, mentransfer secara collection period, to transfer monthly the
bulanan hasil penagihan kepada KIK- proceeds from collection to the KIK-
DBTN-02 dan mengadministrasikannya DBTN-02 and to maintain the good, safe,
dengan baik, aman dan teratur serta orderly and professional administration of
profesional untuk kepentingan KIK-DBTN- the debtors’ accounts for the interest of
02 yang merupakan representasi dari para KIK-DBTN-02, which represents the ABS
106
kumpulan tagihan telah berkurang menjadi principal amount of the pool of
10% (atau kurang) dari jumlah pokok receivables to 10% (or less) from the
terhutang pada tanggal cut-off final principal amount on the final cut-off date
(19 Oktober 2011), Bank sebagai (October 19, 2011), the Bank as the
penyedia jasa, mempunyai opsi untuk service provider, has the option to
membeli dari para pemegang EBA Kelas purchase on each payment date, all and
A yang diwakili oleh Bank kustodian, pada not only a part of the residual pool of
tiap tanggal pembayaran, seluruh dan receivables from the Class A ABS
tidak hanya sebagian, kumpulan tagihan holders, who are represented by the
yang tersisa dengan harga yang sama custodian bank, at a price equal to or the
dengan, mana yang lebih tinggi, antara (i) higher between (i) the outstanding
jumlah pokok terhutang dari kumpulan principal amount of the pool of
tagihan berikut bunganya yang terhutang receivables including interest after
dikurangi dengan tagihan tertunggak pada deducting the amount of late payments
saat dilaksanakannya clean-up call atau on the receivables at the time of
(ii) jumlah pokok terutang dari EBA kelas exercising the clean-up call and (ii) the
A berikut bunganya yang terhutang outstanding principal amount of Class A
ditambah biaya-biaya senior dan pajak ABS including interest and other senior
terhutang saat itu yang wajib dibayar. expenses and taxes payable at that
period of time.
x. Bank telah melakukan sekuritisasi kelima, x. The Bank conducted the fifth
(“Kumpulan Tagihan”) yang dimilikinya loans (“pool of receivables”), by
Finansial (Persero) sebagai arranger Finansial (Persero) as the Global
(penata transaksi) dan Pembeli Siaga Coordinator, Standby Buyer and Credit
serta Pendukung Kredit. Selanjutnya atas Support. The pool of receivables, which
Kumpulan Tagihan yang memenuhi met the criteria for selection by the
kriteria pemilihan, oleh Bank, sebagai Bank, as the Initial Creditor, were sold
Kreditur Awal, telah dijual dan dialihkan ke and transferred to Collective Investment
kontrak Investasi Kolektif Efek Beragun Contract Asset-Backed Securities
Aset Danareksa BTN03-KPR BTN (KIK- Danareksa BTN03-KPR BTN (KIK-
DBTN-03) yang tertuang dalam Akta Jual DBTN-03) based on sale-purchase deed
Beli No. 39 tanggal 14 November 2012 No. 39 dated November 14, 2012 and
dan Akta cessie No. 36 tanggal Deed of Assignment No. 36 dated

No. 38 tanggal 14 November 2012. November 14, 2012.
Nilai pokok Kumpulan Tagihan yang dijual On the final cut-off date (November 8,
Kumpulan Tagihan terseleksi adalah represent selected receivables totaling to
sebesar Rp1,000,000 yang terdiri dari Rp1,000,000 and consisting of 25,842
25.842 debitur dengan harga sebesar nilai debtors, were sold and transferred at
pokok Kumpulan Tagihan pada tanggal their total principal values.
cut-off final (8 November 2012).
107
Tingkat suku bunga yang dikenakan pada The interest rate charged to the debtors
debitur Kumpulan Tagihan tersebut pada of the pool of receivables on the date of
tanggal penjualan adalah sebesar 11,85% sale is 11.85% with a maximum maturity
dengan tanggal jatuh tempo maksimum of up to January 7, 2023. With the sale
adalah 7 Januari 2023. Setelah terjadinya and transfer of the pool of receivables,
penjualan dan pengalihan kumpulan credit risks on the pool of receivables
tagihan tersebut, risiko kredit atas were transferred from the Bank to the
kumpulan tagihan telah beralih dari Bank buyer.
kepada pembeli.
Efek Beragunan Aset (EBA) yang Backed Securities (ABS), which
merupakan bentuk partisipasi dalam represent instruments of joint ownership
kepemilikan bersama atas Kumpulan on the pool of receivables. ABS were
Tagihan. EBA diterbitkan dalam dua kelas issued in two types or classes as
yaitu: follows:
(i) EBA Kelas A senilai Rp925.000,- yang (i) Class A ABS amounting to
dicatat pada Bursa Efek Indonesia dan Rp925,000, which are registered in
ditawarkan kepada publik dengan nilai the Indonesia Stock Exchange, and
100% dari nilai pokok EBA Kelas A offered to the public at 100% of the
dengan tingkat bunga tetap sebesar nominal value of Class A ABS with
7,75% per tahun dengan tanggal jatuh an annual fixed interest rate of
tempo 7 Januari 2023. EBA Kelas A 7.75% and due on January 7, 2023.
telah mendapatkan hasil The Class A ABS were rated idAAA
pemeringkatan atas efek beragun aset by PT Pemeringkat Efek Indonesia.
dari PT Pemeringkat Efek Indonesia The Registration Statement Letter
yaitu idAAA. Pada tanggal 5 Desember from KIK-DBTN-03 dated
2012, Surat Pernyataan Pendaftaran December 5, 2012 became effective
KIK-DBTN-03 telah mendapatkan based on Letter No. S-
pernyataan efektif dari Badan 13867/BL/2012 dated December 5,
Pengawas Pasar Modal dan Lembaga 2012 of the Chairman of Bapepam-
Keuangan (Bapepam-LK) melalui surat LK; and
No. S-13867/BL/2012 tanggal
5 Desember 2012; dan
(ii) EBA Kelas B dengan nilai pokok (ii) Class B ABS with a principal value
sebesar Rp75.000 yang ditawarkan of Rp75,000 offered at 100% of the
dengan nilai 100% dari nilai pokok EBA nominal value of Class B ABS and
Kelas B dan memiliki tanggal jatuh will mature on January 7, 2023. The
tempo pada tanggal Class B ABS are not registered in
7 Januari 2023. EBA Kelas B tidak the Indonesia Stock Exchange but
dicatat pada Bursa Efek Indonesia are offered to prospective buyers
namun ditawarkan kepada calon with the condition that the Bank has
pembeli dengan ketentuan bahwa the first priority to purchase such
Bank mempunyai hak terlebih dahulu securities. Class B ABS holders
untuk membeli EBA Kelas B. have the right on the residual cash
Pemegang EBA Kelas B berhak atas flows based on the payment
semua arus kas tersisa sesuai dengan priorities on each interest payment
urutan prioritas pembayaran untuk period. On December 12, 2012,
setiap periode bunga. Pada tanggal Bank purchased 6% of Class B ABS
12 Desember 2012, Bank telah offered and recorded it as held-to-
membeli EBA Kelas B sebesar 6% dari maturity securities in the Bank’s
keseluruhan EBA Kelas A dan B yang statement of financial position
ditawarkan dan mencatat EBA Kelas B (Note 8).
Bank (Catatan 8).
108
Transaksi penjualan Kumpulan Tagihan A true sale opinion was rendered on the
hukum independen. Atas dasar opini the opinions of the above two
telah mengeluarkan Kumpulan Tagihan derecognized the pool of receivables
sebesar Rp1.000.000 dari laporan posisi amounting to Rp1,000,000 from its
keuangan Bank (penghentian pengakuan). statements of financial position.
Atas transaksi sekuritisasi atas Kumpulan Based on the Service Provider

Tagihan tersebut di atas, Bank juga Agreement No. 09/PKS/TRSD/2012
bertindak sebagai Penyedia Jasa dated November 14, 2012, the Bank also
sebagaimana tertuang dalam perjanjian acts as a service provider in the above
penyediaan jasa No. 09/PKS/TRSD/2012 securitization transaction of the pool of
tanggal 14 November 2012. Peran utama receivables. The Bank’s primary role as
Bank sebagai penyedia jasa antara lain a service provider, among others, is to
Kumpulan Tagihan telah berkurang principal amount of the pool of
menjadi 10% (atau kurang) dari jumlah receivables to 10% (or less) from the
pokok terhutang pada tanggal cut off final principal amount on the final cut-off date
(8 November 2012), Bank sebagai (November 8, 2012), the Bank as the
tidak hanya sebagian, Kumpulan Tagihan holders, who are represented by the
dengan, mana yang lebih tinggi, antara (i) higher between (i) the outstanding
jumlah pokok terhutang dari Kumpulan principal amount of the pool of
Tagihan berikut bunganya yang terhutang receivables including interest after
period of time.
109
xi. Bank telah melakukan sekuritisasi xi. The Bank conducted the sixth
keenam, atas tagihan Kredit Pemilikan securitization transaction on its housing
Rumah (“Kumpulan Tagihan”) yang loans (“pool of receivables”), by
dimilikinya dengan menunjuk PT Sarana appointing PT Sarana Multi Griya
Multi Griya Finansial (Persero) sebagai Finansial (Persero) as the Global
arranger (penata transaksi) dan Pembeli Coordinator, Standby Buyer and Credit
Siaga serta Pendukung Kredit. Support. The pool of receivables, which
Selanjutnya atas Kumpulan Tagihan yang met the criteria for selection by the Bank,
memenuhi kriteria pemilihan, oleh Bank, as the Initial Creditor, were sold and
sebagai Kreditur Awal, telah dijual dan transferred to Collective Investment
dialihkan ke kontrak Investasi Kolektif Efek Contract Asset-Backed Securities
Beragun Aset Danareksa BTN04-KPR Danareksa BTN04-KPR BTN (KIK-
BTN (KIK-DBTN-04) yang tertuang dalam DBTN-04) based on sale-purchase deed
Akta Jual Beli No. 4 tanggal 4 Desember No. 4 dated December 4, 2013 and Deed
2013 dan Akta cessie No. 40 tanggal of Assignment No. 40 dated

No. 15 tanggal 8 Oktober 2013. October 8, 2013.
Nilai pokok Kumpulan Tagihan yang dijual On the final cut-off date (December 2,
Kumpulan Tagihan terseleksi adalah represent selected receivables totaling to
sebesar Rp1,000,000 yang terdiri dari Rp1,000,000 and consisting of 34,452
34.452 debitur dengan harga sebesar nilai debtors, were sold and transferred at
pokok Kumpulan Tagihan pada tanggal their total principal values.
cut-off final (2 Desember 2013).
Tingkat suku bunga yang dikenakan pada The interest rate charged to the debtors
debitur Kumpulan Tagihan tersebut pada of the pool of receivables on the date of
tanggal penjualan adalah sebesar 12,48% sale is 12.48% with a maximum maturity
dengan tanggal jatuh tempo maksimum of up to August 26, 2020. With the sale
adalah 26 Agustus 2020. Setelah terjadinya and transfer of the pool of receivables,
penjualan dan pengalihan kumpulan credit risks on the pool of receivables
tagihan tersebut, risiko kredit atas were transferred from the Bank to the
kumpulan tagihan telah beralih dari Bank buyer.
kepada pembeli.

Efek Beragunan Aset (EBA) yang Backed Securities (ABS), which
merupakan bentuk partisipasi dalam represent instruments of joint ownership
kepemilikan bersama atas Kumpulan on the pool of receivables. ABS were
Tagihan. EBA diterbitkan dalam dua kelas issued in two types or classes as
yaitu: follows:
110
(i) EBA Kelas A senilai total Rp928,000,- (i) Class A ABS amounting to
yang dicatat pada Bursa Efek Rp928,000, which are registered in
Indonesia dan ditawarkan kepada the Indonesia Stock Exchange, and
publik dengan nilai 100% dari nilai offered to the public at 100% of the
pokok EBA Kelas A1 sebesar nominal value of Class A1 in
Rp403,000 dengan tingkat bunga tetap amount of Rp403,000 ABS with an
sebesar 8.90% per tahun dan A2 annual fixed interest rate of 8.90%
sebesar Rp525,000 sebesar 9.50% per and A2 in amount of Rp525,000
tahun dengan tanggal jatuh tempo final ABS with annual fixed interest rate
pada 26 Februari 2022. EBA Kelas A of 9.50% and due on February 26,
telah mendapatkan hasil 2022. The Class A ABS were rated
pemeringkatan atas efek beragun asset idAAA by PT Pemeringkat Efek
dari PT Pemeringkat Efek Indonesia Indonesia. The Registration
yaitu idAAA. Pada tanggal 4 Desember Statement Letter from KIK-DBTN-04
2013, Surat Pernyataan Pendaftaran dated December 4, 2013 became
KIK-DBTN-04 telah mendapatkan effective based on Letter No. S-
pernyataan efektif dari Otoritas Jasa 433/D.04/2013 dated December 17,
Keuangan melalui surat No. No.S- 2013 of OJK; and
433/D.04/2013 tanggal 17 Desember
2013; dan
(ii) EBA Kelas B dengan nilai pokok (ii) Class B ABS with a principal value
sebesar Rp72.000 yang ditawarkan of Rp72,000 offered at 100% of the
dengan nilai 100% dari nilai pokok nominal value of Class B ABS and
EBA Kelas B dan memiliki tanggal will mature on February 26, 2022.
jatuh tempo final pada tanggal The Class B ABS are not registered
26 Februari 2022. EBA Kelas B tidak in the Indonesia Stock Exchange but
dicatat pada Bursa Efek Indonesia are offered to prospective buyers
namun ditawarkan kepada calon with the condition that the Bank has
pembeli dengan ketentuan bahwa the first priority to purchase such
Bank mempunyai hak terlebih dahulu securities. Class B ABS holders
untuk membeli EBA Kelas B. have the right on the residual cash
Pemegang EBA Kelas B berhak atas flows based on the payment
semua arus kas tersisa sesuai dengan priorities on each interest payment
urutan prioritas pembayaran untuk period. On December 20, 2013,
setiap periode bunga. Pada tanggal Bank purchased 6% of Class B ABS
20 Desember 2013, Bank telah offered and recorded it as held-to-
membeli EBA Kelas B sebesar 6% dari maturity securities in the Bank’s
keseluruhan EBA Kelas A dan B yang statement of financial position
ditawarkan dan mencatat EBA Kelas B (Note 8).
Bank (Catatan 8).
Transaksi penjualan Kumpulan Tagihan A true sale opinion was rendered on the
hukum independen. Atas dasar opini the opinions of the above two
telah mengeluarkan Kumpulan Tagihan derecognized the pool of receivables
sebesar Rp1.000.000 dari laporan posisi amounting to Rp1,000,000 from its
keuangan Bank (penghentian pengakuan). statements of financial position.
111
Atas transaksi sekuritisasi atas Kumpulan Based on the Service Provider

Tagihan tersebut di atas, Bank juga Agreement No. 12/PKS/IBD/2013 dated
bertindak sebagai Penyedia Jasa December 4, 2013, the Bank also acts as
sebagaimana tertuang dalam perjanjian a service provider in the above
penyediaan jasa No. 12/PKS/IBD/2013 securitization transaction of the pool of
tanggal 4 Desember 2013. Peran utama receivables. The Bank’s primary role as
Bank sebagai penyedia jasa antara lain a service provider, among others, is to
Kumpulan Tagihan telah berkurang principal amount of the pool of
menjadi 10% (atau kurang) dari jumlah receivables to 10% (or less) from the
pokok terhutang pada tanggal cut off final principal amount on the final cut-off date
(2 Desember 2013), Bank sebagai (December 2, 2013), the Bank as the
tidak hanya sebagian, Kumpulan Tagihan holders, who are represented by the
dengan, mana yang lebih tinggi, antara higher between (i) the outstanding
(i) jumlah pokok terhutang dari Kumpulan principal amount of the pool of
Tagihan berikut bunganya yang terhutang receivables including interest after
period of time.
xii. Kredit yang diberikan kepada direksi dan xii. The loans given to the Bank’s directors
karyawan Bank merupakan kredit untuk and employees consist of loans intended
membeli kendaraan dan keperluan for acquisitions of vehicles and other
pribadi lainnya yang dibebani bunga personal necessities. These loans earn
dengan suku bunga rata-rata pada tahun an average interest of 5.71%, 5.74%, and
yang berakhir pada tanggal 31 Desember 8.10%, for the years ended
2013, 2012, dan 2011 sebesar 5,71%, December 31, 2013, 2012, and 2011,
5,74%, dan 8,10%, dengan jangka waktu with term ranging from 1 to 10 years. The
berkisar antara 1 sampai dengan loans are settled through monthly payroll
10 tahun. Kredit ini dibayar kembali deductions.
melalui pemotongan gaji setiap bulan.
112
xiii. Kredit yang diberikan dan xiii. As of December 31, 2013, 2012, and
pembiayaan/piutang syariah kepada 2011, the outstanding balances of loans
pihak-pihak berelasi pada tanggal and sharia financing/receivables from
31 Desember 2013, 2012, dan 2011 related parties amounted to Rp296,915,
masing-masing sebesar Rp296.915, Rp134,335, and Rp539,422, respectively
Rp134.335, dan Rp539.422 (Catatan 40). (Note 40). As of December 31, 2013,
Persentase kredit yang diberikan dan 2012, and 2011, the percentage of loans
pembiayaan/piutang syariah dari pihak- and sharia financing/receivables from
pihak berelasi terhadap jumlah kredit related parties represent approximately
yang diberikan dan pembiayaan/piutang 0.30%, 0.17%, and 0.85%, respectively,
syariah pada tanggal 31 Desember 2013, of the total loans and sharia
2012, dan 2011 masing-masing sebesar financing/receivables.
0,30%, 0,17%, dan 0,85%.
xiv. Perubahan cadangan kerugian xiv. The movements in the allowance for
penurunan nilai kredit yang diberikan dan impairment losses on loans and sharia
pembiayaan/piutang syariah adalah financing/receivables are as follows:
sebagai berikut:
2013 2012 2011

Penyisihan kerugian
penurunan nilai
selama tahun Provision for impairment losses
berjalan (Catatan 30) 435.742 206.442 107.180 during the year (Note 30)
Penerimaan kembali kredit
yang telah dihapusbukukan 2.177 938 316 Recovery of loans written-off
Penghapusbukuan kredit (281.456) (170.764) (44.084) Loans written-off
Saldo akhir tahun 1.137.177 980.714 944.098 Balance at the end of year
Termasuk di dalam saldo cadangan As of December 31, 2013, 2012, and

kerugian adalah cadangan kerugian 2011, the balance of allowance for
pembiayaan/piutang syariah sebesar impairment losses includes allowance for
Rp129.716, Rp191.801, dan Rp139.511, movements losses on sharia
masing-masing pada tanggal financing/receivables amounting to
31 Desember 2013, 2012, dan 2011. Rp129,716, Rp191,801, and Rp139,511,
respectively.
Manajemen berpendapat bahwa jumlah Management believes that the amount of

cadangan kerugian penurunan nilai kredit allowance for impairment losses on the
yang diberikan dan pembiayaan/piutang loans and sharia financing/receivables is
syariah yang dibentuk telah memadai. adequate.
xv. Fungsi pengawasan kredit Bank berfokus xv. The credit control function of the Bank
pada pencegahan penurunan kualitas focuses on preventing the deterioration of
portofolio kredit dan aktivitas penyaluran the quality of credit portfolio and unsound
kredit yang tidak sehat yang dapat practices in granting credit facilities that
mengakibatkan timbulnya kerugian. may result in losses.Credit risks are
Risiko kredit dikelola dan diatasi dengan managed by establishing credit limits and
membuat pembatasan penyaluran kredit setting uniform lending policies, periodic
(credit limit) dan kebijakan penyaluran monitoring of individual portfolio, and
kredit yang seragam, melakukan measuring the collectibility level of credit
pengawasan individual portofolio secara portfolio.
periodik dan pengukuran tingkat
kolektibilitas portofolio kredit.
113
xvi. Dalam laporan Bank ke Bank Indonesia xvi. Based on the report submitted by the
disebutkan bahwa pada tanggal Bank to Bank Indonesia as of
31 Desember 2013, 2012, dan 2011 December 31, 2013, 2012, and 2011, the
Bank telah mematuhi ketentuan Batas Bank is in compliance with the legal
Maksimum Pemberian Kredit (BMPK), lending limit (BMPK) regulations, both for
baik terhadap pihak-pihak berelasi the related and non-related party
maupun kepada pihak yang tidak borrowers.
berelasi.
xvii. Rasio kredit dan pembiayaan/piutang xvii. The ratios of non-performing loans and
syariah yang diklasifikasikan non- sharia financing/receivables to total loans
performing terhadap jumlah kredit dan and sharia financing/receivables (using
pembiayaan/piutang syariah (metode the gross and net methods) are shown in
gross dan net) adalah seperti yang the following table:
terlihat pada tabel berikut:
2013 2012 2011
Konvensional/ Syariah/ Konvensional/ Syariah/ Konvensional/ Syariah/

Kolektibilitas Conventional Sharia Conventional Sharia Conventional Sharia Collectibility
Kurang Lancar 437.962 20.288 663.993 21.615 159.500 18.044 Substandard

Macet 3.091.615 58.919 1.985.093 113.264 1.258.755 109.714 Loss
3.971.927 93.815 3.183.525 142.782 1.600.345 144.480

Penurunan nilai impairment losses
atas NPL/NPF (974.963) (37.175) (669.901) (118.414) (225.872) (99.977) for NPL/NPF
Neto 2.996.964 56.640 2.513.624 24.368 1.374.473 44.503 Net
Jumlah kredit
yang diberikan dan Total loans and
pembiayaan/ sharia financing/
piutang syariah 92.386.308 8.081.083 75.410.705 6.000.058 59.337.756 4.225.928 receivables
% Non-performing
kredit yang
diberikan dan % of Non-performing
pembiayaan/ loans and
piutang syariah sharia financing/ receivables
(Gross NPL/NPF) 4,30% 1,16% 4,22% 2,38% 2,70% 3,42% (Gross NPL/NPF)
% Non-performing
kredit yang % of Non-performing
diberikan dan loans and sharia
pembiayaan/ financing/
piutang syariah receivables
(Net NPL/NPF) 3,24% 0,70% 3,33% 0,41% 2,32% 1,05% (Net NPL/NPF)
NPL/NPF neto dihitung dengan membagi The net NPL/NPF ratios are computed by
antara jumlah kredit/pembiayaan/piutang dividing the total non-performing
syariah bermasalah setelah dikurangi loans/sharia financing/receivables, net of
cadangan kerugian dengan jumlah allowance for possible losses, by the total
kredit/pembiayaan/piutang syariah loans and sharia financing/receivables.
keseluruhan.
114
g. Informasi Pokok Lainnya (lanjutan) g. Other Significant Information (continued)
xviii. Kredit non-performing berdasarkan sektor xviii.Non-performing loans by economic

ekonomi: sectors:
2013 2012 2011
Konstruksi 270.394 135.414 38.266 Construction
Jasa Usaha 141.459 124.055 23.031 Business service
Perdagangan, restoran, dan hotel 152.605 109.570 46.723 Trading, restaurant and hotel
Pertambangan 21.303 18.925 - Mining
Transportasi, Pergudangan, Transportation, warehousing,
dan Komunikasi 17.994 13.223 142 and communication
Pertanian 18.621 13.036 368 Farming
Manufaktur 24.292 12.975 1.145 Manufacturing
Listrik, gas dan air 4.126 4.048 - Electricity, gas and water
Jasa-jasa sosial 6.933 387 - Social service
Lain-lain*) 61.464 41.073 18.005 Other*)
Syariah Sharia
Perumahan 46.912 41.722 32.963 Property
Jasa usaha 33.666 85.077 106.712 Business service
Konstruksi 13.237 15.983 4.805 Construction
Total Syariah 93.815 142.782 144.480 Total Sharia
Total 4.065.742 3.326.307 1.744.825 Total

Dikurangi Cadangan kerugian Less allowance
Bersih 3.053.604 2.537.992 1.418.976 Net
xix. Rasio cadangan kerugian penurunan nilai xix. The ratio of NPL’s allowance for
kredit non-performing terhadap total impairment losses to total NPLs are
kredit non-performing adalah 24,89%, 24.89% 23.70% and 18.68% as of
23,70% dan 18,68% masing-masing December 31, 2013, 2012 and 2011,
pada tanggal 31 Desember 2013, 2012 respectively.
dan 2011.
xx. Rasio kredit non-performing terhadap xx. The ratio of NPLs to total financial assets
total aset keuangan adalah 3,12%, 3,02% are 3.12%, 3.02% and 1.99% as of
dan 1,99% masing-masing pada tanggal December 31, 2013, 2012 and 2011,
31 Desember 2013, 2012 dan 2011. respectively.
xxi. Rasio kredit usaha kecil (KUK) terhadap xxi. The ratio of small-scale enterprise loans
total kredit adalah sebesar 2,35%, 3,11% to total loans is 2.35%, 3.11%, and 2.65%
dan 2,65% masing-masing pada tanggal as of December 31, 2013, 2012 and 2011,
31 Desember 2013, 2012 dan 2011. respectively.
xxii. Kredit sindikasi merupakan kredit yang xxii. Syndicated loans represent loans
diberikan kepada nasabah di bawah provided to customers under syndication
perjanjian pembiayaan bersama dengan agreements with other banks. As of
bank-bank lain. Keikutsertaan Bank December 31, 2013, 2012, and 2011, the
sebagai anggota sindikasi dengan Bank’s share as a co-lender in syndicated
persentase penyertaan sebesar 6,00%, loans is 6.00%, 6.00% and 3.56%, for
6,00%, dan 3.56% dari jumlah kredit each, respectively, of the total syndicated
sindikasi masing-masing pada tanggal loans.
31 Desember 2013, 2012 dan 2011.
115
xxiii. Kredit dan pembiayaan/piutang syariah xxiii.Restructured loans and sharia

yang direstrukturisasi berdasarkan financing/receivables by collectibility and
kolektibilitas dan sektor ekonomi: economic sector:
2013
Dalam
perhatian
khusus/ Kurang
Lancar/ Special lancar/ Diragukan/ Macet/
Current mention Substandard Doutbful Loss Total
Perumahan 301.066 145.342 65.036 14.818 251.157 777.419 Property

Jasa usaha 47.061 31.226 109 4.466 10.990 93.852 Business service
Konstruksi 109.831 32.871 - 605 8.515 151.822 Construction
Perdagangan, restoran Trading, restaurant
dan hotel 6.718 2.164 33.174 - 6.395 48.451 and hotel
Transportasi, Transportation,
pergudangan dan warehousing
komunikasi 4.114 - - - 2.047 6.161 and communication
Manufaktur 615 232 139 14 190 1.190 Manufacturing
Pertanian 546 47 - - 167 760 Farming
Pertambangan - - - - 58 58 Mining
Listrik, gas dan air 12.365 - - - - 12.365 Electricity, gas and water
Jasa-jasa sosial 38 - - - 8 46 Social services
Lain-lain*) 1.318 615 26 261 1.926 4.146 Other*)
Total 483.672 212.497 98.484 20.164 281.453 1.096.270 Total
2012
Dalam
perhatian
khusus/ Kurang
Perumahan 129.838 16.663 67.624 72.169 126.276 412.570 Property

Jasa usaha 15.223 9.744 385 11.026 - 36.378 Business service
Konstruksi 35.022 738 174 - 50 35.984 Construction
Perdagangan, restoran Trading, restaurant
dan hotel 7.317 748 67 22 4.076 12.230 and hotel
Transportasi, Transportation,
pergudangan dan warehousing
komunikasi 150 - - - - 150 and communication
Manufaktur 2.280 - - - 168 2.448 Manufacturing
Pertanian - 896 1.818 - - 2.714 Farming
Lain-lain*) 1.215 - - - - 1.215 Other*)
Total 191.045 28.789 70.068 83.217 130.570 503.689 Total
2011
Dalam
perhatian
khusus/ Kurang
Perumahan 177.960 15.979 697 381 66.589 261.606 Property

Jasa usaha 4.798 4.617 - - - 9.415 Business service
Konstruksi 12.778 1.379 14 - 206 14.377 Construction
Perdagangan, Trading, restaurant
restoran dan hotel 7.464 437 686 - 740 9.327 and hotel
Manufaktur 51.099 - - - 168 51.267 Manufacturing
Jasa-jasa sosial 96 - - - - 96 Social service
Pertanian 19 - - - - 19 Farming
Pertambangan 782 - - - - 782 Mining
Lain-lain*) 8.051 139 8 - - 8.198 Other*)
Total 263.047 22.551 1.405 381 67.703 355.087 Total
116
xxiv. Pada tanggal 31 Desember 2013, 2012, xxiv. The Bank has loans written-off as of
dan 2011, Bank memiliki saldo kredit December 31, 2013, 2012, and 2011
yang dihapusbukukan masing-masing amounting to Rp896,666, Rp808.816,
sebesar Rp896.666, Rp808.816, dan and Rp745,560, respectively. The Bank
Rp745.560. Bank terus melakukan continues to pursue these loans for
usaha-usaha penagihan atas kredit collection. The summary of the
tersebut. Ikhtisar mutasi kredit hapus movements of the loans written-off is as
buku adalah sebagai berikut: follows:
2013 2012 2011

Penghapusbukuan
selama tahun berjalan 281.456 170.764 44.084 Write-off during the current year
Penerimaan kembali
kredit yang telah
dihapusbukukan (193.606) (107.508) (74.770) Recovery of loans written-off
Saldo akhir tahun 896.666 808.816 745.560 Balance at the end of year
h. Informasi mengenai klasifikasi aset keuangan h. Information with respect to classification of

yang mengalami penurunan nilai dan tidak impaired and not impaired and credit quality
mengalami penurunan nilai dan kualitas kredit financial assets are disclosed in Note 43.
diungkapkan pada Catatan 43.
11. ASET TETAP 11. PREMISES AND EQUIPMENT
Akun ini terdiri dari: This account consists of:
2013
Penambahan/ Pengurangan/
Saldo Awal/ Reklasifikasi/ Reklasifikasi/ Saldo Akhir/
Beginning Additions/ Deductions/ Ending
Balance Reclassifications Reclassifications Balance
Nilai Perolehan Cost

Tanah 532.554 1.525 - 534.079 Land
Bangunan 789.639 83.019 1.264 871.394 Buildings
Office furniture, fixtures
Peralatan kantor dan kendaraan bermotor 1.232.095 153.544 10.884 1.374.755 and motor vehicles
Total 2.554.288 238.088 12.148 2.780.228 Total
Aset dalam penyelesaian 72.252 28.535 47.264 53.523 Constructions in progress
Total Nilai Perolehan 2.626.540 266.623 59.412 2.833.751 Total Cost
Akumulasi Penyusutan Accumulated Depreciation

Peralatan kantor dan kendaraan bermotor 791.732 234.101 10.883 1.014.950 and motor vehicles
Jumlah Akumulasi Penyusutan 1.043.728 279.446 12.147 1.311.027 Total Accumulated Depreciation
Nilai Buku Neto 1.582.812 1.522.724 Net Book Value
117
11. ASET TETAP (lanjutan) 11. PREMISES AND EQUIPMENT (continued)

2012
Saldo Awal/ Reklasifikasi/ Reklasifikasi/ Saldo Akhir/
Beginning Additions/ Deductions/ Ending
Balance Reclassifications Reclassifications Balance

Tanah 527.414 5.140 - 532.554 Land
Peralatan kantor dan kendaraan bermotor 906.817 326.979 1.701 1.232.095 and motor vehicles
Total 2.184.101 374.075 3.888 2.554.288 Total

Peralatan kantor dan kendaraan bermotor 565.185 228.248 1.701 791.732 and motor vehicles
Total Akumulasi Penyusutan 780.711 266.621 3.604 1.043.728 Total Accumulated Depreciation
2011
Reklasifikasi/ Reklasifikasi/
Saldo Awal/ Additions/ Deductions/ Saldo Akhir/
Beginning Balance Reclassifications Reclassifications Ending Balance

Tanah 531.261 7.086 10.933 527.414 Land
Bangunan 676.007 74.456 593 749.870 Buildings
Office furnitures, fixtures
Jumlah 1.948.496 290.352 54.747 2.184.101 Total

Bangunan 183.634 32.485 593 215.526 Buildings
Office furnitures, fixtures
Total Akumulasi Penyusutan 583.376 211.839 14.504 780.711 Total Accumulated Depreciation
Jumlah penyusutan aset tetap yang dibebankan Depreciation of premises and equipment charged
pada tahun yang berakhir pada tanggal to operations amounted to Rp279,446,
31 Desember 2013, 2012, dan 2011 masing- Rp266,621, and Rp211,839, for the years ended
masing sebesar Rp279.446, Rp266.621, dan December 31, 2013, 2012, and 2011, respectively
Rp211.839 (Catatan 31). (Note 31).
Nilai tercatat bruto dari aset tetap yang telah di The gross carrying amount of the Bank's fully
depresiasi penuh oleh Bank namun masih depreciated premises and equipment that are still
digunakan adalah masing-masing sebesar in use amounted to Rp271,091, Rp261,159 and
Rp271.091, Rp261.159 dan Rp251.658 pada Rp251,658 as of December 31, 2013, 2012, and
tanggal 31 Desember 2013, 2012 dan 2011. 2011, respectively.
118
Nilai tercatat dari aset tetap yang belum The carrying amount of the Bank's temporarily idle
digunakan sebesar nihil masing-masing pada premises and equipment amounted to nil as of
tanggal 31 Desember 2013, 2012, dan 2011. December 31, 2013, 2012, and 2011, respectively.
Manajemen berkeyakinan bahwa tidak terdapat Management believes that there is no indication of
indikasi penurunan potensial atas nilai aset tetap potential impairment in values of premises and
pada tanggal 31 Desember 2013, 2012, dan 2011. equipment as of December 31, 2013, 2012 and
Nilai wajar aset tetap adalah sebesar Rp2.537.716, 2011. The fair value of premises and equipment
Rp2.328.475, dan Rp2.002.245 masing-masing amounted to Rp2,537,716, Rp2,328,475, and
pada tanggal 31 Desember 2013, 2012, dan 2011. Rp2,002,245 as of December 31, 2013, 2012 and
2011, respectively.
Hak atas tanah terdiri dari hak milik dan hak guna Landrights consist of ownership rights and rights
bangunan yang diperoleh untuk jangka waktu to use for periods ranging from 20 to 30 years.
antara 20 tahun sampai 30 tahun. Manajemen Management has the opinion that the terms of the
berpendapat bahwa jangka waktu hak atas tanah landrights can be renewed/extended upon their
dapat diperbaharui/ diperpanjang kembali. expiration.
Aset tetap kecuali tanah diasuransikan terhadap Premises and equipment, except landrights, are
risiko kerugian karena kebakaran dan risiko covered by insurance against fire and other risks
lainnya berdasarkan suatu paket polis tertentu under certain blanket policies with, among others,
antara lain pada PT Asuransi Bina Griya Upakara PT Asuransi Bina Griya Upakara (a related party)
(pihak yang berelasi) dan PT Asuransi Ramayana and PT Asuransi Ramayana Tbk. The total
Tbk. Jumlah seluruh nilai pertanggungan adalah insurance coverage amounted to Rp1,809,705,
sebesar Rp1.809.705, Rp1.799.065 dan Rp1,799,065 and Rp1,505,900, as of
Rp1.505.900, masing-masing pada tanggal December 31, 2013, 2012, and 2011, respectively.
31 Desember 2013, 2012, dan 2011. Manajemen Management is of the opinion that the insurance
berpendapat bahwa nilai pertanggungan untuk coverage is adequate to cover possible losses
menutup kemungkinan kerugian dari risiko arising from such risks.
tersebut adalah cukup.
Persentase tingkat penyelesaian aset dalam The percentage of completion of the constructions
penyelesaian pada tanggal 31 Desember 2013, in progress of December 31, 2013, 2012, and
2012, dan 2011 masing-masing diperkirakan 2011 is approximately 90.00%, 91.73%, and
sebesar 90,00%, 91,73%, dan 92,00%. Aset 92.00%, respectively. Constructions in progress
dalam penyelesaian terdiri dari bangunan dan consist of buildings and furnitures and fixtures and
peralatan kantor dan diperkirakan akan selesai are estimated to be completed in less than 1 year
dalam waktu kurang dari 1 sampai 2 tahun setelah up to 2 years after the statement of financial
tanggal laporan posisi keuangan. position date.
Rincian aset dalam penyelesaian pada Details of construction in progress as of

31 Desember 2013, 2012 dan 2011 adalah sebagai December 31, 2013, 2012 and 2011 are as follows:
berikut:
2013 2013
Persentase tingkat Estimasi tahun
penyelesaian/ penyelesaian/
Percentage of Estimated
Total completion completion year
Bangunan 52.773 75% - 90% 2014 - 2015 Buildings

Peralatan Kantor 750 80% - 90% 2014 - 2015 Office furniture
53.523
119

2012 2012

Bangunan 71.419 75%-90% 2013-2014 Buildings

Peralatan Kantor 833 85%-95% 2013-2014 Office furniture
72.252
2011 2011

Bangunan 39.758 70%-85% 2012-2013 Buildings

Peralatan Kantor 54.307 80%-90% 2012-2013 Office furniture
94.065
12. BUNGA YANG MASIH AKAN DITERIMA 12. INTERESTS RECEIVABLE
2013 2012 2011
Kredit yang diberikan 848.203 814.115 657.377 Loans

Obligasi pemerintah 67.690 50.201 53.171 Government bonds
Efek-efek 7.795 7.669 8.344 Securities
Total 923.688 871.985 718.892 Total
13. ASET LAIN-LAIN 13. OTHER ASSETS
2013 2012 2011
Tagihan kepada pihak ketiga 355.942 370.464 329.849 Third party receivables
Biaya dibayar di muka 354.957 302.749 266.054 Prepaid expenses
Uang Muka Pajak (Catatan 35) 36.517 36.507 - Prepaid taxes (Note 35)
Aset Istishna dalam penyelesaian 12.617 29.119 12.821 Istishna assets in progress
Properti terbengkalai - setelah Abandoned properties - net of
dikurangi Cadangan kerugian allowance for
penurunan nilai impairment losses
sebesar Rp8.808 masing-masing of Rp8,808,for December 31,
per 31 Desember 2013, 2012, 2013, 2012, and 2011,
dan 2011 - 1.365 1.365 respectively
Lainnya 23.737 19.752 16.849 Others
Total 783.770 759.956 626.938 Total
Tagihan kepada pihak ketiga merupakan tagihan Third party receivables represent receivables from
kepada nasabah dan pihak lainnya seperti tagihan customers and other parties such as the
kepada Pemerintah Republik Indonesia/swasta receivables from the Government of the Republic
mengenai pembayaran gaji, tagihan kepada of Indonesia/private companies regarding payroll
PT Pos Indonesia (Persero) sehubungan dengan payments, receivables from PT Pos Indonesia
kerja sama penyelenggaraan Tabungan Batara (Persero) regarding collaboration on holding
Kantor Pos dan penagihan angsuran KPR. Tabungan Batara Kantor Pos and receiving KPR’s
Tagihan kepada PT Artajasa terkait dengan installments, receivables from PT Artajasa arising
transaksi ATM bersama dan PT Finnet Indonesia from transactions with ATM Bersama and
atas transaksi ATM Link. receivables from PT Finnet Indonesia arising from
transactions with ATM Link.
120
13. ASET LAIN-LAIN (lanjutan) 13. OTHER ASSETS (continued)
Rincian biaya dibayar dimuka adalah sebagai Details of prepaid expenses are as follows:
berikut:
2013 2012 2011
Biaya sewa 196.168 187.617 165.303 Prepaid rent

Biaya pemeliharaan gedung dan Building and office furnitures
tahun berjalan 62.662 65.382 56.829 maintenance expenses
Biaya pendanaan 18.589 17.010 15.920 Deferred other financing expenses
Biaya promosi 24.646 11.128 8.933 Prepaid advertising expenses
Biaya asuransi 150 164 89 Prepaid insurance
Lainnya 52.742 21.448 18.980 Others
Properti terbengkalai adalah aset tetap yang Abandoned properties represent fixed assets
sebelumnya diklasifikasikan sebagai aset tetap previously classified under premises and
yang dimiliki Bank tetapi tidak digunakan untuk equipment, which are owned by the Bank but are
kegiatan usaha Bank yang lazim. Manajemen not used in the Bank’s regular or normal
berpendapat bahwa penyisihan kerugian yang operations. Management has the opinion that the
telah dibentuk untuk menutup kemungkinan allowance for possible losses is adequate to cover
kerugian penurunan nilai atas properti terbengkalai impairment losses on the abandoned properties.
adalah cukup.
Bank terus melakukan usaha-usaha penjualan atas The Bank continues to pursue the sale of its
properti terbengkalai tersebut. Properti terbengkalai abandoned properties. Written-off abandoned
yang dihapusbukukan ini tidak disajikan dalam properties are not presented in the statements of
laporan posisi keuangan, tetapi disajikan di luar financial position but maintained as administrative
laporan posisi keuangan (rekening administratif) account in the Bank’s general ledgers.
dalam buku besar Bank.
Saldo properti terbengkalai yang dihapus buku The balance of the written off abandoned
tersebut pada 31 Desember 2013, 2012, dan 2011 properties as of December 31, 2013, 2012, and
adalah sebesar Rp19.199. 2011, amounted to Rp19,199.
Lainnya terdiri dari peralatan kantor, beban Others consists mainly of office supplies, deferred
ditangguhkan kompensasi saham dan nota debet stock compensation expense and debit notes in
dalam penyelesaian. process.
14. LIABILITAS SEGERA 14. CURRENT LIABILITIES
2013 2012 2011
Kewajiban kepada pihak ketiga 1.143.082 1.049.700 845.653 Third party payables
Hutang pajak Taxes payable
Pajak penghasilan Income tax
Pasal 4 (2) 56.204 46.289 39.922 Article (4) 2
Pasal 21 21.118 3.276 10.039 Article 21
Pasal 29 (Catatan 35) 33.052 34.842 72.329 Article 29 (Note 35)
Pasal 25 - 18.630 25.972 Article 25
Deposito berjangka jatuh tempo 5.272 19.879 4.157 Matured time deposits
Bagi hasil yang belum dibagikan 11.939 10.752 10.091 Undistributed profit sharing
Bunga atas deposito berjangka Interest on time deposits not
namun belum diambil nasabah 1.154 2.374 802 collected by customers
Lain-lain 12.485 15.757 8.043 Others
Total 1.284.306 1.201.499 1.017.008 Total
Lain-lain terdiri dari kewajiban imbalan kerja, giro Others consists mainly of employee benefits
yang ditutup secara paksa dan kelebihan dari hasil liability, force closed demand deposits and excess
dari penjualan agunan. proceeds from sale of loan collateral.
121
15. GIRO 15. DEMAND DEPOSITS
2013 2012 2011

Pihak ketiga Third parties

Rupiah 6.345.402 5.697.870 4.044.177 Rupiah
Dolar Amerika Serikat 439.590 5.350 1.132.833 10.918 1.538.125 13.948 United States Dollar
6.350.752 5.708.788 4.058.125
Pihak-pihak berelasi Related parties

Rupiah 12.741.015 7.546.144 8.854.122 Rupiah
Dolar Amerika Serikat 2.007.333 24.429 1.690.796 16.295 26.174.855 237.340 United States Dollar
12.765.444 7.562.439 9.091.462
Total 19.116.196 13.271.227 13.149.587 Total
Pada tanggal 31 Desember 2013, 2012, dan 2011, As of December 31, 2013, 2012, and 2011,
saldo giro termasuk giro yang didasarkan pada demand deposits include deposits based on sharia
prinsip perbankan syariah masing-masing sebesar banking principles amounting to Rp1,155,231,
Rp1.155.231, Rp760.694, dan Rp434.125. Rp760,694, and Rp434,125, respectively.
Suku bunga tahunan untuk giro rupiah berkisar Demand deposits bear annual interest rates
antara 0,00% sampai dengan 6,00%, 0,00% ranging from 0.00% to 6,00%,0.00% to 5.00% and
sampai dengan 5,00%, dan 0,00% sampai dengan 0.00% to 5.00% in 2013, 2012 and 2011,
5,00% masing-masing pada tahun 2013, 2012 dan respectively, for Rupiah denominated demand
2011, dan suku bunga tahunan untuk giro Dollar deposits and 0.00% to 0.01%, 0.00% to 0.01%
Amerika Serikat berkisar antara 0,00% sampai and 0.00% to 0.01% in 2013, 2012 and 2011,
dengan 0,01%, 0,00% sampai dengan 0.01%, dan respectively, for United States Dollar denominated
0,00% sampai dengan 0,01% pada tahun 2013, demand deposits.
2012 dan 2011.
Giro yang digunakan sebagai jaminan atas fasilitas Demand deposits amounting to Nil, Rp60, and Nil
kredit yang diberikan oleh Bank pada tanggal as of December 31, 2013, 2012, and 2011,
31 Desember 2013, 2012, dan 2011 masing- respectively, are pledged as collateral for loans
masing sebesar Nihil, Rp60, dan Nihil (Catatan 10). provided by the Bank (Note 10).
16. TABUNGAN 16. SAVINGS DEPOSITS
2013 2012 2011
Tabungan Batara 23.383.447 20.879.423 14.410.554 Batara savings deposits

Tabungan Batara Mudharabah 558.152 439.038 267.986 Batara Mudharabah savings deposits
Tabungan Batara Wadiah 296.294 221.964 137.373 Batara Wadiah savings deposits
Total 24.237.893 21.540.425 14.815.913 Total
Pada tanggal 31 Desember 2013, 2012, dan 2011, As of December 31, 2013, 2012, and 2011, savings
saldo tabungan termasuk tabungan yang deposits include savings deposits based on sharia
didasarkan pada prinsip perbankan syariah banking principles amounting to Rp854,446,
masing-masing sebesar Rp854.446, Rp661.002, Rp661,002, and Rp405,359, respectively.
dan Rp405.359.
122
16. TABUNGAN (lanjutan) 16. SAVINGS DEPOSITS (continued)
Suku bunga tahunan untuk tabungan berkisar Savings deposits bear annual interest rates ranging
antara 0,00% sampai dengan 4,75%, 0,00% from 0.00% to 4.75%, 0.00% to 4.00%, and 0.00%
sampai dengan 4,00%, dan 0,00% sampai dengan to 4.50%, in 2013, 2012 and 2011, respectively.
4,50%, masing-masing pada tahun 2013, 2012 dan
2011.
Tabungan yang digunakan sebagai jaminan atas Savings deposits amounting to Rp87,791,
fasilitas kredit yang diberikan oleh Bank pada Rp30,682, and Rp48,839 as of December 31,
tanggal 31 Desember 2013, 2012, dan 2011 2013, 2012, and 2011, respectively, are pledged as
masing-masing sebesar Rp87.791, Rp30.682, dan collateral for loans extended by the Bank to its
Rp48.839 (Catatan 10). customers (Note 10).
Tabungan dari pihak-pihak berelasi pada tanggal As of December 31, 2013, 2012, and 2011, savings
31 Desember 2013, 2012, dan 2011 masing- deposits from depositors who are related parties of
masing sebesar Rp62.614, Rp63.532 dan the Bank amounted to Rp62,614, Rp63,532 and
Rp73.069. (Catatan 40). Rp73,069, respectively. (Note 40).
Tabungan wadiah dan mudharabah dari pihak- Wadiah and mudharabah savings deposits from
pihak berelasi pada tanggal 31 Desember 2013, depositors who are related parties of the Bank as
2012, dan 2011 masing-masing sebesar Rp5.279, of December 31, 2013, 2012, and 2011 amounted
Rp2.384 dan Rp2.469 (Catatan 40). to Rp5,279, Rp2,384 and Rp2,469, respectively
(Note 40).
17. DEPOSITO BERJANGKA 17. TIME DEPOSITS
a. Kisaran tingkat suku bunga per tahun adalah a. The range of interest rates on time deposits is
sebagai berikut: as follows:
Suku Bunga Rata-rata Per Tahun (%)/
Annual Interest Rate (%)
2013 2012 2011
Rupiah Rupiah
1 bulan 4,00% - 10,50% 3,00% - 6.50% 3,75% - 7,00% 1 month
3 bulan 3,50% - 10,00% 4,00% - 6,50% 4,25% - 7,25% 3 months
6 bulan 4,00% - 10,25% 4,00% - 6,50% 5,25% - 7,25% 6 months
12 bulan 4,25% - 10,25% 2,75% - 6,75% 3,75% - 7,75% 12 months
24 bulan 5,00% - 8,50% 5,00% - 7,25% 5,75% - 7,25% 24 months
Dolar Amerika Serikat 0,05% 0,05% 0,05% United States Dollar
b. Rincian deposito berjangka berdasarkan mata b. The details of time deposits by currency and
uang dan jangka waktu: contract period are as follows:
2013 2012 2011

Rupiah Rupiah
1 bulan 27.681.746 25.697.147 19.009.174 1 month
3 bulan 12.013.050 12.070.970 9.817.647 3 months
6 bulan 2.751.021 3.076.650 1.520.593 6 months
12 bulan 5.647.206 4.977.140 3.628.701 12 months
24 bulan 4.752.454 25.118 16.163 24 months
52.845.477 45.847.025 33.992.278
123
17. DEPOSITO BERJANGKA (lanjutan) 17. TIME DEPOSITS (continued)

b. Rincian deposito berjangka berdasarkan mata b. The details of time deposits by currency and
uang dan jangka waktu (lanjutan): contract period are as follows (continued):
2013 2012 2011


1 bulan 622.599 7.577 949.306 9.149 1.339.095 12.142 1 month
3 bulan 20.803 253 10.304 99 4.503 41 3 months
6 bulan 10.000 122 6.003 58 6.001 54 6 months
12 bulan 8.538 104 - - 12 months
8.056 9.306 12.237
Total 52.853.533 45.856.331 34.004.515 Total
c. Rincian deposito berjangka berdasarkan mata c. Details of time deposits by currency and
uang dan sisa umur hingga jatuh tempo: remaining period to maturity are as follows:
2013 2012 2011
Rupiah Rupiah
1 bulan 24.294.082 31.716.904 24.580.843 1 month
> 1 bulan 3 bulan 10.081.378 7.748.987 6.651.254 > 1 month 3 months
> 3 bulan 6 bulan 4.515.804 2.869.631 1.201.325 > 3 months 6 months
> 6 bulan 12 bulan 8.545.851 3.496.888 1.547.912 > 6 months 12 months
> 12 bulan 24 bulan 5.408.362 14.615 10.944 > 12 months 24 months
52.845.477 45.847.025 33.992.278

1 bulan 4.125 9.149 12.142 1 month
> 1 bulan 3 bulan 235 157 95 > 1 month 3 months
> 3 bulan 6 bulan 1.196 - - > 3 months 6 months
> 6 bulan 12 bulan 2.500 - - > 6 months 12 months
8.056 9.306 12.237
Total 52.853.533 45.856.331 34.004.515 Total
Pada tanggal 31 Desember 2013, 2012, dan 2011, As of December 31, 2013, 2012, and 2011, time
deposito berjangka yang didasarkan pada prinsip deposits based on sharia banking principles
perbankan syariah masing-masing sebesar amounted to Rp4,582,900, Rp4,334,756, and
Rp4.582.900, Rp4.334.756, dan Rp2.977.115. Rp2.977,115, respectively.
Deposito berjangka yang dijadikan jaminan atas As of December 31, 2013, 2012, and 2011, time
fasilitas kredit yang diberikan oleh Bank kepada deposits amounting to Rp555.986, Rp300,818, and
konsumennya pada tanggal 31 Desember 2013, Rp510,744, respectively, are pledged as collateral
2012, dan 2011 masing-masing sebesar for loans provided by the Bank to its customers
Rp555.986, Rp300.818, dan Rp510.744 (Note 10).
(Catatan 10).
Deposito berjangka dari pihak-pihak berelasi pada As of December 31, 2013, 2012, and 2011, time
tanggal 31 Desember 2013, 2012, dan 2011 deposits from depositors who are related parties of
masing-masing sebesar Rp31.032.591, the Bank amounted to Rp31,032,591,
Rp26.909.431, dan Rp16.972.268 (Catatan 40). Rp26,909,431, and Rp16,972,268, respectively
(Note 40).
Deposito berjangka Mudharabah dari pihak-pihak As of December 31, 2013, 2012, and 2011,
berelasi pada tanggal 31 Desember 2013, 2012, Mudharabah time deposits from depositors who are
dan 2011, masing-masing sebesar Rp1.204.987, related parties of the Bank amounted to
Rp1.588.517, dan Rp59.292 (Catatan 40). Rp1,204,987, Rp1,588,517, and Rp59,292,
respectively (Note 40).
124
18. SIMPANAN DARI BANK LAIN 18. DEPOSITS FROM OTHER BANKS
Kisaran tingkat bunga untuk simpanan dari bank The range of interest rates on deposits from other
lain adalah sebagai berikut: banks is as follows:
2013 2012 2011
Giro 0,00% - 2,75% 0,00% - 2,75% 0,00%- 0,45% Demand Deposits

Deposito 5,50% - 7,50% 4,00% - 4,75% 4,00% - 6,00% Time Deposits
Rincian simpanan dari bank lain berdasarkan sisa Details of deposits from other banks by remaining
umur sampai dengan saat jatuh tempo adalah period to maturity are as follows:
sebagai berikut:
2013
1 bulan/ > 1 - 3 bulan/ > 3 - 6 bulan/ > 6 - 12 bulan/

month months months months Total
Rupiah Rupiah
Deposito 6.146 500 101.817 150.815 259.278 Time deposits
Giro 14.065 - - - 14.065 Demand deposits
Tabungan 1.914 - - - 1.914 Savings deposits
22.125 500 101.817 150.815 275.257
2012
1 bulan/ > 1 - 3 bulan/ > 3 - 6 bulan/ > 6 - 12 bulan/

month months months months Total
Rupiah Rupiah
Deposito 685.719 1.800 1.010 365 688.894 Time deposits
703.528 1.800 1.010 365 706.703
2011
1 bulan/ > 1 - 3 bulan/ > 3 - 6 bulan/ > 6 - 12 bulan/ Jumlah/

1 month > 1 - 3 months > 3 - 6 months > 6 - 12 months Total
Rupiah Rupiah
Deposito 773.034 1.450 250 610 775.344 Time deposits
790.660 1.450 250 610 792.970
Simpanan dari bank lain yang termasuk pihak- As of December 31, 2013, 2012, and 2011,
pihak berelasi pada tanggal 31 Desember 2013, deposits from other banks which are related parties
2012, dan 2011 masing-masing sebesar Rp5.743, of the Bank amounted to Rp5,743, Rp37,738, and
Rp37.738, dan Rp10.228 Rp10,228, respectively.
Pada tanggal 31 Desember 2013, 2012 dan 2011 As of December 31, 2013, 2012 and 2011, there
tidak terdapat simpanan dari bank lain yang are no deposits from other banks which are
dijadikan jaminan (Catatan 10). pledged as collateral (Note 10).
125
19. EFEK-EFEK YANG DIJUAL DENGAN JANJI 19. SECURITIES SOLD UNDER REPURCHASE
DIBELI KEMBALI AGREEMENTS
rincian saldo efek-efek yang dijual dengan janji details of securities sold under repurchase
dibeli kembali adalah sebagai berikut: agreements are as follows:
2013
Beban Bunga
Tanggal yang Belum
Jenis surat Pembelian Harga Pembelian Diamortisasi/
Berharga/ Nilai Nominal/ Tanggal Dimulai/ Kembali/ Kembali/ Unamortized Nilai Tercatat/
Nasabah/ Type of Nominal Commencement Repurchase Repurchase Interest Carrying
Customer Securities Amount Date Date Price Expense Value
Pihak ketiga/Third parties
Deutsche Bank AG VR0020 300.000 28 Maret/ 23 April/ 260.000 - 260.000

March 28, 2005 April 23, 2015
March 29, 2005 April 23, 2015
Deutsche Bank AG VR0031 575.000 14 Februari/ 23 Juli/ 500.000 - 500.000
February 14, 2011 July 23, 2020
Deutsche Bank AG VR0021 345.000 1 Maret/ 23 November/ 300.000 - 300.000
March 1, 2011 November 23, 2015
Standard Chartered VR0031 500.000 18 Januari/ 22 Juli/ 435.000 - 435.000
Bank January 18, 2011 July 22, 2020
Standard Chartered VR0027 495.000 2 Maret/ 23 Juli/ 450.000 - 450.000
Bank March 2, 2011 July 23, 2018
Standard Chartered VR0028 400.000 28 November/ 28 Februari/ 322.047 4.317 317.730
Bank November 28, 2013February 28, 2014
Total 3.065.000 2.657.047 4.317 2.652.730
2012
Beban Bunga
Tanggal yang Belum
Jenis surat Pembelian Harga Pembelian Diamortisasi/
Customer Securities Amount Date Date Price Expense Value

March 28, 2005 April 23, 2015
March 29, 2005 April 23, 2015
Deutsche Bank AG VR0031 575.000 14 Februari/ 23 Juli/ 500.000 - 500.000
February 14, 2011 July 23, 2020
Deutsche Bank AG VR0021 345.000 1 Maret/ 23 November/ 300.000 - 300.000
Standard Chartered VR0031 500.000 18 Januari/ 22 Juli/ 435.000 - 435.000
Standard Chartered VR0027 495.000 2 Maret/ 23 Juli/ 450.000 - 450.000
Total 2.665.000 2.335.000 - 2.335.000
126
19. EFEK-EFEK YANG DIJUAL DENGAN JANJI 19. SECURITIES SOLD UNDER REPURCHASE
DIBELI KEMBALI (lanjutan) AGREEMENTS (continued)
rincian saldo efek-efek yang dijual dengan janji details of securities sold under repurchase
dibeli kembali adalah sebagai berikut (lanjutan): agreements are as follows (continued):
2011
Beban Bunga
Tanggal yang Belum
Jenis surat Pembelian Nilai Pembelian Diamortisasi/
Customer Securities Amount Date Date Value Expense Value

Deutsche Bank AG VR0020 300.000 28 Maret/ 23 April / 260.000 - 260.000
March 28, 2005 April 23, 2015
Deutsche Bank AG VR0020 450.000 29 Maret/ 23 April / 390.000 - 390.000

March 29, 2005 April 23, 2015
Deutsche Bank AG VR0028 324.000 19 Februari/ 20 Februari / 250.000 - 250.000

February 19, 2010 February 20, 2012
Deutsche Bank AG VR0029 324.000 19 Februari/ 20 Februari / 250.000 - 250.000

February 19, 2010 February 20, 2012
Deutsche Bank AG VR0031 575.000 14 Februari/ 23 Juli / 500.000 - 500.000

February 14, 2011 July 23, 2020
Deutsche Bank AG VR0021 345.000 1 Maret/ 23 November / 300.000 - 300.000

Deutsche Bank AG VR0023 303.000 28 November/ 28 Februari / 253.482 2.195 251.287

November 28, 2011February 28, 2012
The Hongkong and VR0023 372.302 17 Oktober / 17 Januari / 304.793 834 303.959
Shanghai Banking October 17, 2011 January 17, 2012
Corporation Ltd.
Standard Chartered VR0031 500.000 18 Januari / 22 Juli / 435.000 - 435.000

Standard Chartered VR0027 495.000 2 Maret / 23 Juli / 450.000 - 450.000

Standard Chartered VR0028 156.250 28 November / 28 February / 126.741 1.098 125.643

Standard Chartered VR0029 218.750 28 November / 28 February / 177.437 1.536 175.901

Pihak berelasi/Related parties

PT Bank Mandiri (Persero) Tbk VR0028 280.000 13 Oktober/ 13 Januari / 254.308 533 253.775
(Pihak berelasi)/(Related Party) October 13, 2011 January 13, 2012
PT Bank Mandiri (Persero) Tbk VR0023 110.000 28 November/ 28 Februari / 99.898 865 99.033
(Pihak berelasi)/(Related Party) November 28, 2011February 28, 2012
PT Bank Mandiri (Persero) Tbk VR0026 450.000 28 November/ 28 Februari / 409.442 3.546 405,896
(Pihak berelasi)/(Related Party) November 28, 2011February 28, 2012
Total 5.203.302 4.461.101 10.607 4.450.494
Efek-efek yang dijual dengan janji dibeli kembali As of December 31, 2013, 2012, and 2011,
yang termasuk pihak-pihak berelasi pada tanggal securities sold under repurchase agreement with
31 Desember 2013, 2012, dan 2011 masing- related parties amounted to nil, nil, and Rp758,704,
masing sebesar nihil, nihil, dan Rp758.704 respectively (Note 40).
(Catatan 40).
127
20. SURAT-SURAT BERHARGA YANG 20. SECURITIES ISSUED

DITERBITKAN
2013 2012 2011
Rupiah Rupiah
Obligasi Berkelanjutan Tahap II 2.000.000 - - Shelf Registration Bonds I Phase II
Obligasi Berkelanjutan Tahap I 2.000.000 2.000.000 - Shelf Registration Bonds I Phase I
Obligasi BTN XV 1.300.000 1.300.000 1.300.000 BTN Bonds XIV
Obligasi BTN XIV 1.650.000 1.650.000 1.650.000 BTN Bonds XIV
Obligasi BTN XIII 900.000 1.200.000 1.500.000 BTN Bonds XIII
Obligasi BTN XII 1.000.000 1.000.000 1.000.000 BTN Bonds XII
Jumlah 8.850.000 7.150.000 5.450.000 Total
Biaya emisi obligasi yang belum

diamortisasi (13.289) (13.224) (11.618) Deferred bonds issuance cost
Neto 8.836.711 7.136.776 5.438.382 Net
a. Obligasi a. Bonds
i. Obligasi Berkelanjutan I BTN Tahap II i. Shelf Registration Bonds I Phase II
Bank menerbitkan Obligasi Berkelanjutan I The Bank issued Shelf Registration Bonds I
BTN Tahap II Tahun 2013 dengan jumlah nilai Phase II 2013 with a total nominal value of
nominal sebesar Rp2.000.000 yang terdaftar di Rp2,000,000, which are registered in the
Bursa Efek Indonesia (BEI). Obligasi tersebut Indonesia Stock Exchange (IDX). Such bonds
diterbitkan senilai 100% dari nilai nominalnya were issued at 100% of their nominal value
dengan tingkat bunga tetap tahunan sebesar with an annual fixed interest rate of 7.90%,
7,90% yang dibayarkan tiap tiga bulanan dan payable every three months and are due on
akan jatuh tempo pada tanggal 27 Maret 2023. March 27, 2023. The issuance of Shelf
Penerbitan Obligasi Berkelanjutan BTN I tahun Registration Bonds I Phase II of 2013 became
2013 tersebut telah dinyatakan efektif effective based on Letter No. S-6349/BL/2012
berdasarkan surat Ketua BAPEPAM-LK No. S- dated May 28, 2012 of the Chairman of
6349/BL/2012 tanggal 28 Mei 2012. BAPEPAM-LK.
Penerimaan bersih dari penerbitan obligasi The net proceeds from the issuance of the
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights of
pembiayaan kredit. Hak pemegang obligasi the bondholders rank paripassu, without
adalah paripassu tanpa hak preferen dengan preferential rights, with those of the Bank’s
hak-hak kreditur Bank lainnya baik yang ada other creditors for existing or future creditor
sekarang maupun dikemudian hari, kecuali rights, except for the Bank’s creditors’ rights
hak-hak kreditur Bank yang dijamin secara which are guaranteed specifically by the Bank’s
khusus dengan kekayaan Bank baik yang telah existing or future assets. The bonds are not
ada maupun yang akan ada dikemudian hari. secured by specific collateral, but are secured
Obligasi ini tidak dijamin dengan jaminan by all assets of the Bank, both movable and
khusus, tetapi dijamin dengan seluruh harta immovable, and those that are existing and will
kekayaan Bank, baik barang bergerak maupun exist in the future, which are attributable to the
barang tidak bergerak, baik yang telah ada Bank’s bondholders.
maupun yang akan ada di kemudian hari
menjadi jaminan bagi pemegang obligasi.
128
20. SURAT-SURAT BERHARGA YANG 20. SECURITIES ISSUED (continued)

DITERBITKAN (lanjutan)
a. Obligasi (lanjutan) a. Bonds (continued)
i. Obligasi Berkelanjutan I BTN Tahap II i. Shelf Registration Bonds I Phase II (continued)

(lanjutan)
Pada tanggal 31 Desember 2013, Obligasi As of December 31, 2013, Shelf Registration
Berkelanjutan I BTN tahap II mendapat Bonds I Phase II were rated idAA by PT
penilaian peringkat idAA, dari PT Pemeringkat Pemeringkat Efek Indonesia (PT Pefindo).
Efek Indonesia (PT Pefindo). Harga rata-rata The weighted average price for Shelf-
tertimbang obligasi Berkelanjutan I BTN Tahap registered I BTN Bonds Phase II as of
II pada tanggal 31 Desember 2013 sebesar December 31, 2013 is 100.00%. The trustee
100,00%. Bertindak sebagai wali amanat for Shelf Registration Bonds I Phase I is PT
Obligasi Berkelanjutan I BTN tahap II adalah Bank Mega Tbk.
PT Bank Mega Tbk.
ii. Obligasi Berkelanjutan I BTN Tahap I ii. Shelf Registration Bonds I Phase I
Bank menerbitkan Obligasi Berkelanjutan I The Bank issued Shelf Registration Bonds I
BTN Tahap I Tahun 2012 dengan jumlah nilai Phase I 2012 with a total nominal value of
nominal sebesar Rp2.000.000 yang terdaftar di Rp2,000,000, which are registered in the
Bursa Efek Indonesia (BEI). Obligasi tersebut Indonesia Stock Exchange (IDX). Such bonds
diterbitkan senilai 100% dari nilai nominalnya were issued at 100% of their nominal value
dengan tingkat bunga tetap tahunan sebesar with an annual fixed interest rate of 7.90%,
7,90% yang dibayarkan tiap tiga bulanan dan payable every three months and are due on
akan jatuh tempo pada tanggal 5 Juni 2022. June 5, 2022. The issuance of Shelf
Penerbitan Obligasi Berkelanjutan BTN I tahun Registration Bonds I Phase I of 2012 became
2012 tersebut telah dinyatakan efektif effective based on Letter
berdasarkan surat Ketua BAPEPAM-LK No. S-6349/BL/2012 dated May 28, 2012 of
No. S-6349/BL/2012 tanggal 28 Mei 2012. the Chairman of BAPEPAM-LK.
tersebut digunakan sebagai sumber bonds were used to finance loans. The rights
pembiayaan kredit. Hak pemegang obligasi of the bondholders rank paripassu, without
hak-hak kreditur Bank yang dijamin secara which are guaranteed specifically by the
khusus dengan kekayaan Bank baik yang Bank’s existing or future assets. The bonds
telah ada maupun yang akan ada dikemudian are not secured by specific collateral, but are
hari. Obligasi ini tidak dijamin dengan jaminan secured by all assets of the Bank, both
khusus, tetapi dijamin dengan seluruh harta movable and immovable, and those that are
kekayaan Bank, baik barang bergerak maupun existing and will exist in the future, which are
barang tidak bergerak, baik yang telah ada attributable to the Bank’s bondholders.
Pada tanggal 31 Desember 2013, Obligasi As of December 31, 2013, Shelf Registration
Berkelanjutan I BTN tahap I mendapat Bonds I Phase I were rated idAA by
penilaian peringkat idAA, dari PT Pemeringkat PT Pemeringkat Efek Indonesia (PT Pefindo).
Efek Indonesia (PT Pefindo). Harga rata-rata The weighted average price for Shelf-
tertimbang obligasi Berkelanjutan I BTN Tahap registered I BTN Bonds Phase I as of
I pada tanggal 31 Desember 2013 sebesar December 31, 2013 is 100.52%. The trustee
100,52%. Bertindak sebagai wali amanat for Shelf Registration Bonds I Phase I is
Obligasi Berkelanjutan I BTN tahap I adalah PT Bank Mega Tbk.
PT Bank Mega Tbk.
129

iii. Obligasi BTN XV iii. BTN Bonds XV
Bank menerbitkan Obligasi BTN XV Tahun The Bank issued BTN Bonds XV of 2011 with
31 Desember 2011 dengan jumlah nilai a total nominal value of Rp1,300,000, which
nominal sebesar Rp1.300.000 yang terdaftar di are registered in the Indonesia Stock
Bursa Efek Indonesia (BEI). Obligasi tersebut Exchange (IDX). Such bonds were issued at
diterbitkan senilai 100% dari nilai nominalnya 100% of their nominal value with an annual
dengan tingkat bunga tetap tahunan sebesar fixed interest rate of 9.50%, payable every
9,50% yang dibayarkan tiap tiga bulanan dan three months and are due on June 28, 2021.
akan jatuh tempo pada tanggal 28 Juni 2021. The issuance of BTN Bonds XV of 2011
Penerbitan Obligasi BTN XV tahun 2011 became effective based on Letter
tersebut telah dinyatakan efektif berdasarkan No. S-6928/BL/2011 dated June 21, 2011 of
surat Ketua Bapepam-LK No. S-6928/BL/2011 the Chairman of Bapepam-LK.
tanggal 21 Juni 2011
Pada tanggal 31 Desember 2013, Obligasi As of December 31, 2013, BTN Bonds XV
BTN XV mendapat penilaian peringkat idAA, were rated idAA by PT Pemeringkat Efek
dari PT Pemeringkat Efek Indonesia Indonesia (PT Pefindo). The weighted average
(PT Pefindo). Harga rata-rata tertimbang price for BTN Bonds XV as of December 31,
obligasi BTN XV pada tanggal 31 Desember 2013 are 119.70%, respectively. The trustee
2013 adalah 119,70%. Bertindak sebagai wali for BTN Bonds XV is PT Bank Mega Tbk.
amanat Obligasi BTN XV adalah PT Bank
Mega Tbk.
iv. Obligasi BTN XIV iv. BTN Bonds XIV
Bank menerbitkan Obligasi BTN XIV Tahun The Bank issued BTN Bonds XIV of 2010 with
2010 dengan jumlah nilai nominal sebesar a total nominal value of Rp1,650,000, which
Rp1.650.000 yang terdaftar di Bursa Efek are registered in the Indonesia Stock
Indonesia (BEI). Obligasi tersebut diterbitkan Exchange (IDX). Such bonds were issued at
senilai 100% dari nilai nominalnya dengan 100% of their nominal value with an annual
tingkat bunga tetap tahunan sebesar 10,25% fixed interest rate of 10.25%, payable every
yang dibayarkan tiap tiga bulanan dan akan three months and are due on June 11, 2020.
jatuh tempo masing-masing pada tanggal The issuance of BTN Bonds XIV of 2010
11 Juni 2020. Penerbitan Obligasi BTN XIV became effective based on Letter
tahun 2010 tersebut telah dinyatakan efektif No. S-4916/BL/2010 dated June 3, 2010 of the
berdasarkan surat Ketua Bapepam-LK Chairman of Bapepam-LK.
No. S-4916/BL/2010 tanggal 3 Juni 2010.
130

iv. Obligasi BTN XIV (lanjutan) iv. BTN Bonds XIV (continued)
Pada tanggal 31 Desember 2013, 2012, dan As of December 31, 2013, 2012 and 2011,
2011, Obligasi BTN XIV mendapat penilaian BTN Bonds XIV are rated idAA, respectively,
peringkat idAA dari PT Pemeringkat Efek by PT Pemeringkat Efek Indonesia
Indonesia (PT Pefindo). Harga rata-rata (PT Pefindo). The weighted average prices for
tertimbang obligasi BTN XIV pada tanggal 31 BTN Bonds XIV as of December 31, 2013,
Desember 2013, 2012, dan 2011 adalah 2012, and 2011 are 114.05%, 112.98%, and
114,05%, 112,98%, dan 109,80%. Bertindak 109,80%, respectively. The trustee for BTN
sebagai wali amanat Obligasi BTN XIV adalah Bonds XIV is PT Bank Mega Tbk.
PT Bank Mega Tbk.
v. Obligasi BTN XIII v. BTN Bonds XIII
Bank menerbitkan Obligasi BTN XIII Tahun The Bank issued BTN Bonds XIII of 2009 with
Rp1.500.000 yang terdaftar di Bursa Efek are registered in the Indonesia Stock
Indonesia (BEI). Obligasi tersebut diterbitkan Exchange (IDX). Such bonds were issued at
senilai 100% dari nilai nominalnya dengan 100% of their nominal value with an annual
tingkat bunga tetap tahunan sebesar 11,75%, fixed interest rates of 11.75%, 12.00%, and
12,00% dan 12,25% yang dibayarkan tiap tiga 12.25%, payable every three months for BTN
bulanan masing-masing untuk Obligasi BTN XIII Series A, Series B and Series C,
XIII Seri A, Seri B dan Seri C dan akan jatuh respectively, and are due on May 29, 2012,
tempo masing-masing pada tanggal 29 Mei May 29, 2013, and May 29, 2014, respectively.
2012, 29 Mei 2013 dan 29 Mei 2014. The issuance of BTN Bonds XIII of 2009
Penerbitan Obligasi BTN XIII tahun 2009 became effective based on Letter
tersebut telah dinyatakan efektif berdasarkan No. S-4019/BL/2009 dated May 19, 2009 of
surat Ketua Bapepam-LK No. S-4019/BL/2009 the Chairman of Bapepam-LK.
tanggal 19 Mei 2009.
telah ada maupun yang akan ada dikemudian are not included in the Government’s
hari. Obligasi ini tidak termasuk dalam program guarantee program on the obligations of
jaminan Pemerintah terhadap kewajiban commercial banks.
pembayaran bank umum.
131

v. Obligasi BTN XIII (lanjutan) v. BTN Bonds XIII (continued)
Pada tanggal 31 Desember 2013, 2012, dan As of December 31, 2013, 2012 and
2011, Obligasi BTN XIII mendapat penilaian 2011, BTN Bonds XIII are rated idAA by PT
peringkat idAA dari PT Pemeringkat Efek Pemeringkat Efek Indonesia (PT Pefindo). The
Indonesia (PT Pefindo). Harga rata-rata weighted average prices for BTN Bonds XIII
tertimbang obligasi BTN XIII Seri C sebesar Series C is 101.40%, 100.03%, and 109.30%
101,40%, 100,03%, 109,30% pada tanggal 31 respectively, as of December 31, 2013, 2012
Desember 2013, 2012 dan 2011. Bertindak and 2011. The trustee for BTN Bonds XIII is
sebagai wali amanat Obligasi BTN XIII adalah PT Bank Mega Tbk.
PT Bank Mega Tbk.
Pada tanggal 31 Desember 2013, Obligasi As of December 31, 2013, BTN XIII Series A
BTN XIII Seri A dan B masing-masing dengan bonds and B bonds with a total nominal value
nilai nominal Rp300.000 telah dilunasi oleh of Rp300,000 for each, has been redeemed by
Bank pada tanggal jatuh tempo. the Bank on the due date.
vi. Obligasi BTN XII vi. BTN Bonds XII
Bank menerbitkan Obligasi BTN XII Tahun The Bank issued BTN Bonds XII of 2006 with
Rp1.000.000 yang terdaftar di Bursa Efek are registered in the Surabaya Stock
Surabaya (BES) (dimerger dengan Bursa Efek Exchange (BES) (which merged with the
Jakarta menjadi Bursa Efek Indonesia). Jakarta Stock Exchange to become the
Obligasi tersebut diterbitkan senilai 100% dari Indonesia Stock Exchange). The bonds were
nilai nominalnya dengan tingkat bunga tetap issued at 100% of their nominal value with an
tahunan sebesar 12,75% yang dibayarkan tiap annual fixed interest rate of 12.75%, payable
tiga bulanan. Obligasi tersebut akan jatuh every three months. These bonds are due on
tempo pada tanggal 19 September 2016. September 19, 2016. The issuance of BTN
Penerbitan Obligasi BTN XII Tahun 2006 Bonds XII of 2006 became effective based on
tersebut telah dinyatakan efektif berdasarkan Letter No. S-1844/BL/2006 dated
surat Ketua Bapepam-LK No. S-1844/BL/2006 September 8, 2006 of the Chairman of
tanggal 8 September 2006. Bapepam-LK.
pembiayaan kredit yang diberikan. Hak of the bondholders rank paripassu, without
pemegang obligasi adalah paripassu tanpa preferential rights, with those of the Bank’s
hak preferen dengan hak-hak kreditur Bank other creditors for existing or future creditors’
lainnya baik yang ada sekarang maupun rights, except for the Bank’s creditors’ rights
dikemudian hari, kecuali hak-hak kreditur Bank which are guaranteed specifically by the
yang dijamin secara khusus dengan kekayaan Bank’s existing or future assets. The bonds
Bank baik yang telah ada maupun yang akan are not included in the Government’s
ada di kemudian hari. Obligasi ini tidak guarantee program on the obligations of
termasuk dalam program jaminan Pemerintah commercial banks.
terhadap kewajiban pembayaran bank umum.
Pada tanggal 31 Desember 2013, 2012 dan As of December 31, 2013, 2012 and 2011,
2011, Obligasi BTN XII mendapat penilaian BTN Bonds XII are rated idAA, by
peringkat idAA, dari PT Pemeringkat Efek PT Pemeringkat Efek Indonesia (PT Pefindo).
Indonesia (PT Pefindo). Harga rata-rata The weighted average prices for BTN Bonds
tertimbang Obligasi BTN XII pada tanggal 31 XII as of December 31, 2013, 2012 and 2011
Desember 2013, 2012 dan 2011 adalah are 106.50%, 110.60% and 115.15%,
106,50%, 110,60% dan 115,15%. Bertindak respectively. The trustee for BTN Bonds XII is
sebagai wali amanat Obligasi BTN XII adalah PT Bank CIMB Niaga Tbk.
PT Bank CIMB Niaga Tbk.
132

Perjanjian perwaliamanatan memuat beberapa The trusteeship agreements covering all the bonds
pembatasan terhadap Bank dan memerlukan imposed several restrictive covenants on the Bank
persetujuan tertulis dari wali amanat sebelum and require the trustees’ written approval prior to
melakukan hal-hal berikut: performing the following:
· Mengalihkan, melepaskan hak, atau · Transfer, transfer the right to, or pledge as
menjadikan jaminan hutang seluruh atau lebih collateral, all or more than 50% of the Bank’s
dari 50% dari seluruh kekayaan Bank. total assets.
· Melakukan penggabungan, peleburan · Enter into consolidation or merger and/or

dan/atau akuisisi yang secara material akan acquire entities that would result in a material
mempunyai akibat negatif terhadap negative impact to the Bank’s going concern
kelangsungan usaha Bank atau kemampuan status or the ability of the Bank to fulfil its
Bank dalam memenuhi kewajiban Bank obligations to the bondholders, except when
terhadap pemegang obligasi, kecuali atas required and/or directed by the Government
permintaan dan/atau perintah Pemerintah and/or any governing authority.
dan/atau otoritas yang berwenang.
· Mengubah bidang usaha Bank yang secara · Change the main business of the Bank
material akan mempunyai akibat negatif resulting in a material negative impact to the
terhadap kelangsungan usaha Bank atau Bank’s going concern status or the ability of
kemampuan Bank dalam memenuhi kewajiban the Bank to fulfill its obligations to the
Bank terhadap pemegang obligasi, kecuali bondholders, except when required and/or
atas permintaan dan/atau perintah Pemerintah directed by the Government and/or any
dan/atau otoritas yang berwenang. governing authority.
· Membagikan dividen kepada para pemegang · Distribute dividends to stockholders, except

saham, kecuali atas permintaan dan/atau when required and/or directed by the
perintah Pemerintah dan/atau otoritas yang Government and/or any governing authority.
berwenang.
Selama tahun yang berakhir pada tanggal For years ended December 31, 2013, 2012 and
31 Desember 2013, 2012 dan 2011, Bank telah 2011, the Bank has amortized the bonds issuance
mengamortisasi biaya emisi obligasi masing- cost amounting to Rp2,352, Rp2,286 and Rp3,679,
masing sebesar Rp2.352, Rp2.286 and Rp3.679 respectively, recorded in the statements of
yang dicatat dalam laporan laba rugi komprehensif. comprehensive income.
Pada tanggal-tanggal 31 Desember 2013, 2012 As of December 31, 2013, 2012 and 2011, the
dan 2011, Bank telah memenuhi ketentuan yang Bank has complied with the existing terms of the
ada dalam perjanjian perwaliamanatan tersebut. above trusteeship agreements.
Selama tahun yang berakhir pada tanggal For years ended December 31, 2013, 2012 and
31 Desember 2013, 2012 dan 2011, Bank telah 2011, coupon payments to all bond holders have
melakukan pembayaran bunga sesuai nilai kupon been made by the Bank on the respective interest
kepada pemegang obligasi yang diterbitkan Bank payment due dates.
pada saat jatuh tempo pembayaran bunga.
133
21. PINJAMAN YANG DITERIMA 21. FUND BORROWINGS
2013 2012 2011
Rupiah Rupiah
Bank Indonesia Bank Indonesia
Penyalur kredit program 877.271 877.271 1.045.823 Loan channeling program
Fasilitas kredit likuiditas 81.197 141.014 212.311 Liquidity loan facility
958.468 1.018.285 1.258.134

Pemerintah (Pihak berelasi) Government (Related parties)
Rekening Dana Investasi 190.277 322.494 464.111 Investment Funds Account
PT Sarana Multigriya Finansial PT Sarana Multigriya Finansial
(Persero) (Pihak berelasi) 3.929.136 3.249.152 1.828.395 (Persero) (Related party)
PT Bank Mutiara Tbk - 150.000 150.000 PT Bank Mutiara Tbk
PT Bank Central Asia Tbk 1.995.151 1.997.329 1.994.667 PT Bank Central Asia Tbk
Total 7.073.032 6.737.260 5.695.307 Total
a. Bank Indonesia a. Bank Indonesia
i. Penyalur Kredit Program i. Loan Channeling Program
Berdasarkan Surat Keputusan Menteri Based on Decision Letter No. 487/

Keuangan No. 487/KMK.017/1999 tanggal KMK.017/1999 dated October 13, 1999 of
13 Oktober 1999, Bank telah ditunjuk the Ministry of Finance, the Bank was
sebagai Bank Koordinator penyaluran appointed as coordinator in the loan
Kredit Program untuk Kredit Pemilikan channeling program for Simple Housing
Rumah-rumah Sederhana (KPR-RS) dan Loans (KPR-RS) and Very Simple Housing
Rumah Sangat Sederhana (KPR-RSS). Loans (KPR-RSS). The state-owned
BUMN yang ditunjuk sebagai Bank companies which are appointed as
Koordinator dalam penyaluran Kredit coordinator banks in the Loan Channeling
Program tersebut, juga ditunjuk untuk Program are also appointed to receive the
menerima pengalihan KLBI dalam rangka transfer of KLBI under the loan program for
kredit program yang belum digunakan dan those unused and still outstanding and
masih berjalan serta yang telah disetujui approved but not yet drawn based on Bank
tetapi belum ditarik berdasarkan Peraturan Indonesia Regulation No. 2/3/PBI/2000
Bank Indonesia No. 2/3/PBI/2000 tanggal dated February 1, 2000 as amended by
1 Februari 2000 dan diperbaharui melalui Bank Indonesia Regulation
Peraturan Bank Indonesia No. 5/20/ No. 5/20/PBI/2003 dated September 17,
PBI/2003 tanggal 17 September 2003 2003 concerning the “Transfer of
tentang Pengalihan Pengelolaan KLBI Management of KLBI within the Framework
Dalam Rangka Kredit Program. Meskipun of Credit Program”. Although the Bank was
Bank telah ditunjuk sebagai Bank appointed as a coordinator for channeling
Koordinator, dalam program tersebut Bank loans, the Bank also participates in the
tetap berpartisipasi sebagai bank program as an executor bank.
pelaksana.
Berdasarkan perjanjian didokumentasikan Based on an agreement between the Bank

dalam akta No. 13 oleh Notaris Ismudjadi, and Bank Indonesia which is covered by
S.H., tanggal 15 November 1999 antara deed No. 13 dated November 15, 1999 of
Bank dengan Bank Indonesia tentang Notary Ismudjadi, S.H., regarding the
Pengalihan Pengelolaan KLBI, Bank telah transfer of management of KLBI, the Bank
menerima penyerahan pengalihan accepted from Bank Indonesia the
pengelolaan KLBI yang telah ditarik oleh management of KLBI totaling Rp2,539,023
bank-bank pelaksana sebesar Rp2.539.023 on October 31, 1999 which will be drawn by
pada posisi tanggal 31 Oktober 1999 dari participating banks. Bank Indonesia has
Bank Indonesia. Bank Indonesia memberi given the Bank the authority to bill the
wewenang kepada Bank untuk menagih executor banks for the principal installments
kepada bank-bank pelaksana sebesar at maturity.
angsuran pokok pada saat jatuh tempo.
134
21. PINJAMAN YANG DITERIMA (lanjutan) 21. FUND BORROWINGS (continued)
a. Bank Indonesia (lanjutan) a. Bank Indonesia (continued)
i. Penyalur Kredit Program (lanjutan) i. Loan Channeling Program (continued)
Tanggung jawab dalam pengelolaan KLBI Responsibilities in the management of the

tersebut antara lain: KLBI include the following:
a) Menerima permohonan pencairan a) Receive application from executor

kelonggaran tarik dari Bank Pelaksana; banks to draw down unused facility;
b) Menganalisis persyaratan teknis dan b) Analyze technical and financial terms
keuangan terhadap permohonan submitted by the executor banks to draw
kelonggaran tarik yang diajukan oleh down unused facility;
Bank Pelaksana;
c) Membuat rekomendasi untuk Bank c) Recommend to Bank Indonesia the

Indonesia atas pencairan kelonggaran draw down of unused facility as
tarik yang diajukan oleh Bank proposed by the executor banks;
Pelaksana;
d) Menerbitkan Surat Perjanjian Kerja d) Issue working agreement letters for and
untuk dan atas nama Bank Indonesia; on behalf of Bank Indonesia;
e) Mengadministrasikan kelonggaran tarik e) Administer unused facility that are
yang dikelola; dan managed; and
f) Mengelola hasil angsuran pokok KLBI f) Manage collection of KLBI principal
yang diterima dari masing-masing installments received from executor
Bank Pelaksana untuk disalurkan banks and re-lend through executor
kembali melalui Bank Pelaksana banks until maturity period. Bank
sampai dengan jatuh tempo. Bank Indonesia does not charge interest on
Indonesia tidak mengenakan bunga KLBI principal installments which are
terhadap angsuran pokok KLBI yang managed by the Bank.
dikelola oleh Bank.
Hak tagih atas KLBI yang pengelolaannya The right to bill KLBI under the
dibawah Bank, sampai KLBI tersebut jatuh management of the Bank until KLBI have
tempo atau dilunasi sebelum jatuh tempo, matured or are repaid before maturity
tetap dimiliki oleh Bank Indonesia. remains with Bank Indonesia.
Pada tanggal 31 Desember 2013, 2012, As of December 31, 2013, 2012, and 2011,
dan 2011, jumlah angsuran dari bank- the total installment payments received by
bank pelaksana yang diterima oleh Bank the Bank from executor banks, including the
termasuk Bank sendiri sebagai bank Bank itself as an executor bank, but not yet
pelaksana yang belum disetorkan ke Bank paid to Bank Indonesia amounted to
Indonesia masing-masing sebesar Rp877,271, Rp877,271, and Rp1,045,823,
Rp877.271, Rp877.271, dan Rp1.045.823. respectively.
ii. Fasilitas Kredit Likuiditas ii. Liquidity Loan Facility
Akun ini merupakan fasilitas pinjaman yang This account represents borrowing facilities
diperoleh dari Bank Indonesia (Kredit obtained from Bank Indonesia (Bank
Likuiditas Bank Indonesia atau KLBI) pada Indonesia Liquidity Loans or KLBI) on
berbagai tanggal sejak tahun 1983 sampai various dates from 1983 through 1999 in
dengan tahun 1999 untuk menunjang line with the Government Program. Liquidity
Program Pemerintah. Suku bunga likuiditas loan facility bears annual interest of 3.00%
pinjaman per tahun adalah berkisar antara to 9.00% per annum in 2013, 2012 and
3,00% sampai dengan 9.00% pada tahun 2011. These borrowings will mature within
2013, 2012 dan 2011. Pinjaman ini akan 10 to 20 years and were used to finance the
jatuh tempo dalam 10 sampai 20 tahun dan following:
digunakan untuk pembiayaan sebagai
berikut:
135
a. Bank Indonesia (lanjutan) a. Bank Indonesia (continued)
ii. Fasilitas Kredit Likuiditas (lanjutan) ii. Liquidity Loan Facility (continued)
2013 2012 2011
Kredit Pemilikan Rumah

(KPR) 54.891 103.943 164.458 Housing loans (KPR)
Kredit Pemilikan Rumah
Sangat Sederhana Very simple housing loans
(KPR-RSS) 26.306 37.071 47.853 (KPR-RSS)
Total 81.197 141.014 212.311 Total
Sesuai Undang-undang No. 23 tanggal In accordance with Law No. 23 dated

17 Mei 1999, sejak tahun 1999, Bank May 17, 1999, effective 1999, Bank
Indonesia tidak lagi memberikan fasilitas Indonesia will no longer grant KLBI.
KLBI. Berdasarkan Peraturan Bank Based on Bank Indonesia regulation
Indonesia No. 1/5/PBI/1999 tanggal No. 1/5/PBI/1999 dated September 1,
1 September 1999, seluruh KLBI yang 1999, all outstanding KLBI and those
masih berjalan dan belum jatuh tempo which have not yet matured and which
serta yang telah disetujui tetapi belum have been approved but not yet drawn
ditarik, dialihkan kepada Badan Usaha Milik down are transferred to state-owned
Negara (BUMN) berdasarkan perjanjian companies based on the agreement dated
tanggal 16 November 1999 antara November 16, 1999 between the
Pemerintah dengan Badan Usaha Milik Government and the state-owned
Negara yang ditunjuk oleh Pemerintah. companies appointed by the Government.
Badan Usaha Milik Negara yang ditunjuk The state-owned companies appointed by
oleh Pemerintah adalah Bank, PT Bank the Government are the Bank, PT Bank
Rakyat Indonesia (Persero) Tbk dan Rakyat Indonesia (Persero) Tbk and
PT Permodalan Nasional Madani (Persero). PT Permodalan Nasional Madani
(Persero).
b. Pemerintah (pihak berelasi) b. Government (related parties)
Akun ini merupakan fasilitas Rekening Dana This account represents Investment Funds
Investasi (RDI) yang diterima Bank dari Account (Rekening Dana Investasi or RDI)
Pemerintah Republik Indonesia yang facility obtained from the Government of the
digunakan untuk pembiayaan Kredit Pemilikan Republic of Indonesia which was used to
Rumah-rumah Sangat Sederhana (KPR-RSS) finance Very Simple Housing Loans (KPR-
dan Kredit Pemilikan Rumah-rumah RSS) and Simple Housing Loans (KPR-RS).
Sederhana (KPR-RS).
Suku bunga pinjaman ini per tahun berkisar These borrowings bear interest rates of 2.00%
antara 2,00% sampai dengan 6,00% pada to 6.00% per annum in 2013, 2012 and 2011.
tahun 2013, 2012 dan 2011. Jangka waktu The loans have terms of 10, 15 and 20 years
pinjaman ini adalah masing-masing 10, 15 dan and have various maturity dates until 2016.
20 tahun dan jatuh tempo dalam berbagai
tanggal sampai tahun 2016.
Berdasarkan perjanjian pinjaman yang dibuat Based on the loan agreement dated March 19,
pada tanggal 19 Maret 1999 antara 1999 between the Government and the Bank,
Pemerintah dan Bank, Bank telah ditunjuk oleh the Bank was appointed by the Government as
Pemerintah sebagai koordinator dalam coordinator for the channeling of RDI loans to
penyaluran dana RDI kepada bank pelaksana. executor banks. The funds are intended to
Tujuan penyediaan dana ini adalah untuk finance KPR-RSS and KPR-RS with a
membiayai program KPR-RSS dan KPR-RS maximum amount of Rp22,000.
dengan jumlah maksimum sebesar Rp22.000.
136

b. Pemerintah (pihak berelasi) (lanjutan) b. Government (related parties) (continued)
Jumlah dana yang diterima dari bank As of December 31, 2013, 2012, and 2011, the
pelaksana untuk pokok dan bunga yang belum total funds received from executor banks for
disetorkan ke Departemen Keuangan pada principal and interest payments not yet paid to
tanggal 31 Desember 2013, 2012, dan 2011, the Ministry of Finance amounted to Rp9,562,
masing-masing adalah sebesar Rp9.562, Rp10,001, and Rp6,642, respectively.
Rp10.001 dan Rp6.642.
c. Pinjaman dari PT Sarana Multigriya Finansial c. Loan from PT Sarana Multigriya Finansial
(Persero) (pihak berelasi) (SMF) (Persero) (related parties) (SMF)
Akun ini terdiri dari Fasilitas Pinjaman This account represents Refinancing Loan
Refinancing VIII, VII (Perpanjangan Facility VIII, VII (Refinancing IV Extended), VI,
Refinancing IV), VI, dan V, Term Purchase and V, Term Purchase Program V,III,and II
Program V, III, dan II dan Pembiayaan yang and financing obtained from PT SMF which are
diperoleh dari PT SMF yang ditujukan untuk intended to finance the Housing Loans (KPR)
pembiayaan Kredit Pemilikan Rumah (KPR) of the Bank’s debtors.
kepada debitur Bank.
Plafon pinjaman untuk Fasilitas Pinjaman The principal amount of Refinancing Loan
Refinancing VIII, VII (Perpanjangan Facility VIII, VII (Refinancing IV Extended), VI,
Refinancing IV), VI, dan V masing-masing and V amounted to Rp500,000 each, with
sebesar Rp500.000 dengan jangka waktu maturity period of 12 months, 60 months, 60
pinjaman untuk Fasilitas Pinjaman months, and 120 months, respectively, and will
RefinancingVIII, VII (Perpanjangan mature on September 30, 2014, June 20,
Refinancing IV), VI, dan V masing-masing 2018, December 14, 2017, and June 20, 2022,
adalah 12 bulan, 60 bulan, 60 bulan dan 120 respectively. The principal amount of Term
bulan dan jatuh tempo pada tanggal 30 Purchase Program for phases V, III, and II
September 2014, 20 Juni 2018, 14 Desember amounted to Rp500,013, Rp500,000 and
2017 dan 20 Juni 2022. Plafon pinjaman untuk Rp500,000,respectively, with maturity period of
Term Purchase Program tahap V, III dan II 36 months, 60 months, and 36 months,
masing-masing sebesar Rp500.013, respectively and , will mature on June 20,
Rp500.000 dan Rp500.000 jangka waktu 2016, February 20, 2017, and May 20, 2014,
pinjaman untuk Fasilitas tahap V, III dan II respectively.
masing-masing adalah 36 bulan, 60 bulan, dan
36 bulan yang akan jatuh tempo masing-
masing pada tanggal-tanggal 20 Juni 2016,
20 Februari 2017 dan 20 Mei 2014.
Suku bunga per tahun atas Fasilitas The Loan Facility VIII, VII (Refinancing IV
PinjamanRefinancing VIII, VII (Perpanjangan Extended), VI, and V bears interest at an
Refinancing IV), VI, dan V, ini masing-masing annual fixed rate of 8.85% for the a year
adalah sebesar 8,85% tetap selama 1 tahun, period, 7.60% for the five-year period, 7.75%
7,60% tetap selama 5 tahun, 7,75% tetap for the five-year period, and 7.85 for the ten-
selama 5 tahun, dan 7,85% tetap selama year period, respectively. The principal
10 tahun. Pokok Fasilitas Pinjaman payment for Loan Facility VIII, VII
RefinancingVIII, VII (Perpanjangan Refinancing (Refinancing IV Extended), VI, and V will be
IV), VI, dan V dibayar pada tanggal jatuh settled on its maturity date. Annual interest
tempo. Suku bunga Term Purchase rate for the Term Purchase Program (Repo
Program(Repo KPR)tahap V, III dan II sebesar KPR) phases V, III, and II are fixed at 7.50%
7,50% tetap selama 3 tahun, 7,36% tetap for the three-year period, 7.36% for the five-
selama 5 tahun, dan 8,25% tetap selama year period, and 8.25% for the three-year
3 tahun. Pembayaran pokok pinjaman period, respectively. Principal payment for
Tahap V, III, dan II dilakukan pada akhir phases V, III, and II will be settled on its
periode.pokok pinjaman Tahap V, III, dan II maturity date.
dilakukan pada akhir periode.
137

c. Pinjaman dari PT Sarana Multigriya Finansial c. Loan from PT Sarana Multigriya Finansial
(Persero) (pihak berelasi) (SMF) (lanjutan) (Persero) (related parties) (SMF) (continued)
Jaminan atas Fasilitas Pinjaman The guarantees for the Loan Facility VIII, VII
RefinancingVIII, VII (Perpanjangan Refinancing (Refinancing IV Extended), VI, and V, and
IV), VI, dan V dan Term Purchase Term Purchase Program (Repo KPR) are the
Program(Repo KPR) adalah tagihan KPR Housing Loans (KPR), which are subject to
dengan kriteria tertentu. Hak agunan yang specific criteria. The values of collaterals are
melekat atas tagihan tersebut dengan jumlah equivalent to at least 122%, 110%, 125%,
minimum masing-masing sebesar 122%, 125%, and 100%, respectively, of the principal
110%, 125%, 125%, dan 100% dari nilai plafon at the signing of the agreements and should be
pinjaman pada saat penandatanganan maintained at a minimum of 100% of the
perjanjian dan wajib dikelola minimum sebesar outstanding loans until the maturity date.
100% dari baki debit pinjaman sampai jatuh
tempo.
Fasilitas Pembiayaan dari PT SMF merupakan The Financing Facilities received from
fasilitas pembiayaan mudharabah murabahah PT SMF are mudharabah murabahah and
dan mudharabah muqayyadah dengan plafon mudharabah muqayyadah financing, with
pembiayaan masing-masing sebesar financing limits amounting to Rp200,000, and
Rp200.000 dan akan jatuh tempo pada tanggal will mature on November 13, 2014 and
13 November 2014 dan 23 Desember 2013. December 23, 2013, respectively.
Pada tanggal 31 Desember 2013 fasilitas As of December 31, 2013 the financing facility
pembiayaan mudharabah muqayyadah mudharabah muqayyadah with nominal of
dengan nominal Rp200.000 telah jatuh tempo Rp200,000 was matured and extend with
dan diperpanjang dengan penambahan additional facility value to Rp230,000, and will
pinjaman menjadi Rp230.000 sampai dengan mature on December 23, 2014.
tanggal 23 Desember 2014.
Porsi Nisbah atas fasilitas pembiayaan yang The agreed portion of revenue sharing for
bersifat tetap selama tahun pertama, untuk mudharabah murabahah financing, which is
pembiayaan mudharabah murabahah adalah fixed for the first year, is at an annual rate of
sebesar 65,59% untuk PT SMF dan 34,41% 65.59% and 34.41% for PT SMF and the Bank,
untuk Bank. Porsi Nisbah atas fasilitas respectively. The agreed portion of revenue
pembiayaan yang bersifat tetap untuk tahun sharing for the mudharabah muqayyadah
pertama, untuk pembiayaan mudharabah financing, which is fixed for the first year, is at
muqayyadah sebesar 67,37% untuk PT SMF an annual rate of 67.37% and 32.63% for
dan 32,63% untuk Bank. Besarnya Nisbah PT SMF and the Bank, respectively. The
akan ditinjau setiap tahun. Sedangkan porsi agreed portion of revenue sharing will be
nisbah untuk perpanjangan fasilitas reviewed each year. The agreed portion of
pembiayaan mudharabah muqayyadah adalah revenue sharing for extended the mudharabah
75.48% untuk SMF dan 24.52% untuk Bank. muqayyadah financing 75.48% and 24.52% for
Pembayaran pokok atas kedua fasilitas PT SMF and the Bank, respectively. The
pembiayaan ini dibayar pada tanggal jatuh principal payment for Financing Facilities will
tempo. be settled on their maturity dates.
Jaminan atas ketiga fasilitas pembiayaan The guarantees for the financing obtained are
adalah tagihan KPR dengan kriteria tertentu. the Housing Loans (KPR), which are subject to
Jumlah minimum jaminan adalah sebesar specific criteria. The value of collaterals is
125% dari nilai fasilitas pembiayaan pada saat equivalent to at least 125% of the principal at
penandatanganan akad dan wajib dikelola the signing of the agreement and should be
minimum sebesar 100% dari nilai fasilitas maintained at a minimum of 100% of the
pembiayaan sampai jatuh tempo. outstanding principal until the maturity date.
d. Pinjaman dari PT Bank Mutiara Tbk d. Loan from PT Bank Mutiara Tbk
Akun ini merupakan fasilitas pinjaman yang This account represents loan facility obtained
diperoleh dari PT Bank Mutiara Tbk ditujukan from PT Bank Mutiara Tbk, which is intended to
untuk pembiayaan Kredit Pemilikan Rumah finance Housing Loans (KPR) of the Bank’s
(KPR) kepada debitur Bank. debtors.
138
Plafon pinjaman sebesar Rp150.000 yang The principal of the loan facility amounted to
telah jatuh tempo pada tanggal 20 April 2013. Rp150,000 which matured on April 20, 2013.
Suku bunga per tahun sebesar 7,75% tetap The loan facility bears interest at an annual
selama 2 tahun. Pokok pinjaman telah fixed rate of 7.75% for 2 years. The principal
dibayarkan pada tanggal jatuh tempo. payment for the loan paid at the maturity date
Jaminan atas fasilitas pinjaman ini adalah The guarantees for the financing obtained are
tagihan KPR dengan kriteria tertentu. Hak the Housing Loans (KPR), whic are subject to
agunan yang melekat atas tagihan tersebut specific criteria. The value of collaterals is
dengan jumlah minimum 120% dari pokok equivalent to at least 120% of the principal at
pembiayaan pada tanggal penandatangan the signing of the agreement and should be
perjanjian dan wajib dikelola minimal sebesar maintained at a minimum of 100% of the
100% dari nilai pinjaman sampai tanggal jatuh outstanding principal until the maturity date.
tempo.
e. Pinjaman dari PT Bank Central Asia Tbk e. Loan from PT Bank Central Asia Tbk
Akun ini merupakan fasilitas pinjaman yang This account represents loan facility obtained
diperoleh dari PT Bank Central Asia Tbk from PT Bank Central Asia Tbk which is
ditujukan untuk pembiayaan Kredit Pemilikan intended to finance Housing Loans (KPR) of
Rumah (KPR) kepada debitur Bank. the Bank’s debtors.
Plafon pinjaman sebesar Rp2.000.000 telah The principal of the loan facility amounted to
jatuh tempo pada tanggal 7 Desember 2013. Rp2,000,000 has been matured on
Fasilitas pinjaman tersebut memiliki suku December 7, 2013. The loan facility bears
bunga tetap sebesar 7,50% per tahun tetap interest at an annual fixed rate of 7.50% for two
selama 2 tahun. Pokok pinjaman akan years. The principal payment for the loan will
dibayarkan pada tanggal jatuh tempo. be at the maturity date.
Sesuai dengan perubahan Atas Akta Base on agreements between PT. Bank
Perjanjian Kredit antara PT. Bank Central Asia, Central Asia Tbk and PT. Bank Tabungan
Tbk dan PT. Bank Tabungan Negara Negara (Persero) Tbk No. 311/Add-KCK/2013
(Persero), Tbk Nomor 311/Add-KCK/2013 on 6 December, 2013, the Bank acquired a
tanggal 6 Desember 2013, Bank memperoleh renewal Refinancing facilities from PT Bank
fasilitas perpanjangan Refinancing dari Central Asia, Tbk with a credit of Rp2.000.000
PT Bank Central Asia dengan plafon kredit ceiling that will mature on December 7, 2015.
sebesar Rp2.000.000 yang akan jatuh tempo The loan facilities have a fixed interest rate as
pada tanggal 7 Desember 2015. Fasilitas much as 8.75% per annum fixed for 2 years.
pinjaman tersebut memiliki suku bunga tetap Loan principal will be paid at the maturity date.
sebesar 8,75% per tahun tetap selama
2 tahun. Pokok pinjaman akan dibayarkan
pada tanggal jatuh tempo.
Fasilitas pinjaman dijamin oleh Kredit The loan facility is guaranteed by the Bank’s
Kepemilikan Rumah (KPR) yang memiliki Housing Loans (KPR), which are subject to
kriteria tertentu. Nilai jaminan pada saat specific criteria. The value of the collaterals at
penandatanganan perjanjian tersebut adalah the signing of the agreement is equivalent to at
setara dengan setidaknya 125% dari nilai least 125% of the principal amount and should
pokok kredit dan harus dipertahankan minimal be maintained at a minimum of 100% of the
sebesar 100% dari saldo pokok kredit sampai outstanding principal until maturity.
dengan jatuh tempo.
f. Transaksi dengan pihak-pihak berelasi f. Related parties transactions
Pinjaman yang diterima dari pihak-pihak As of December 31, 2013, 2012, and 2011,
berelasi pada tanggal 31 Desember 2013, fund borrowings received from related parties
2012, dan 2011 masing-masing sebesar amounted to Rp4,119,413, Rp3,571,646, and
Rp4.119.413, Rp3.571.646, dan Rp2.292.506 Rp2,292,506, respectively (Note 40).
(Catatan 40).
Pada tanggal 31 Desember 2013, 2012 dan 2011, As of December 31, 2013, 2012 and 2011, the
Bank telah memenuhi ketentuan yang ada dalam Bank has complied with all of the existing
seluruh perjanjian pinjaman yang diterima terms of the fund borrowing agreements.
139
22. BUNGA YANG MASIH HARUS DIBAYAR 22. INTEREST PAYABLE
2013 2012 2011
Deposito berjangka 155.418 108.474 93.157 Time deposits

Surat-surat berharga yang diterbitkan 37.642 39.086 30.808 Securities issued
Efek yang dijual dengan janji Securities sold under repurchase
dibeli kembali 26.506 22.827 28.310 agreements
Pinjaman yang diterima 21.716 22.516 20.474 Fund borrowings
Simpanan dari bank lain 88 377 838 Deposits from other Banks
Total 241.370 193.280 173.587 Total
23. ESTIMASI KERUGIAN KOMITMEN DAN 23. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI CONTINGENCIES
Estimasi kerugian atas transaksi komitmen dan Estimated losses on commitments and
kontinjensi dalam mata uang Rupiah dan Dolar contingencies in Rupiah and United States Dollar
Amerika Serikat yang berasal dari garansi yang arising from guarantees issued and unused loan
diterbitkan dan fasilitas kredit yang belum ditarik facilities as of December 31, 2013, 2012, and 2011
pada tanggal 31 Desember 2013, 2012, dan 2011 amounted to Rp6,469, Rp4,403, and Rp3,244,
masing-masing adalah sebesar Rp6.469, Rp4.403, respectively.
dan Rp3.244.
Kolektibilitas garansi yang diterbitkan dan fasilitas The collectibility classification of guarantees issued
kredit yang belum ditarik yang mempunyai risiko and unused loan facility bearing credit risks is as
kredit adalah sebagai berikut (Catatan 36): follows (Note 36):
2013 2012 2011

Lancar Current
Rupiah Rupiah
Fasilitas kredit
yang belum ditarik 8.989.669 7.507.837 4.956.408 Unused loan facility
Garansi yang diterbitkan 539.344 412.918 198.736 Guarantees issued
9.529.013 7.920.755 5.155.144

Garansi yang diterbitkan 829.355 10.093 915.771 8.826 4.078.539 36.982 Guarantees issued
Dolar Singapura Singapore Dollar

Garansi yang diterbitkan 340.245 3.274 - - Guarantees issued
9.542.380 7.929.581 5.192.126
Dalam Perhatian Khusus Special mention

Rupiah Rupiah
Fasilitas kredit
yang belum ditarik 505.429 230.354 193.570 Unused loan facility
Total 10.047.809 8.159.935 5.385.696 Total
Pada tanggal 31 Desember 2013, 2012 dan 2011, As of December 31, 2013, 2012, and 2011, unused
fasilitas kredit yang belum ditarik dari pihak-pihak loan facility from related parties amounted to
berelasi, masing-masing sebesar Rp33.362, Rp33,362, Rp354,392, and Rp53,345, respectively.
Rp354.392, dan Rp53.345.
140
23. ESTIMASI KERUGIAN KOMITMEN DAN 23. ESTIMATED LOSSES ON COMMITMENTS AND
KONTINJENSI (lanjutan) CONTINGENCIES (continued)
Perubahan estimasi kerugian komitmen dan The changes in the estimated losses on
kontinjensi adalah sebagai berikut: commitments and contingencies are as follows:
2013 2012 2011

Pembentukan (pembalikan)
penyisihan selama Provision (reversal) during
tahun berjalan 2.066 1.159 (57.538) the year
Manajemen berpendapat bahwa penyisihan Based on management’s judgment, the provision

estimasi kerugian komitmen dan kontinjensi yang for estimated losses on commitments and
dibentuk telah memadai. contingencies is adequate.
Informasi mengenai klasifikasi aset keuangan yang Information with respect to classification of impaired
mengalami penurunan nilai dan tidak mengalami and not impaired financial assets are disclosed in
penurunan nilai diungkapkan pada Catatan 43. Note 43.
24. LIABILITAS LAIN-LAIN 24. OTHER LIABILITIES
2013 2012 2011
Dana jaminan pengembang 1.919.179 1.483.207 1.245.952 Developers’ security deposits

Penerimaan di muka 458.423 422.591 551.268 Unearned income
Cadangan atas bonus 289.748 302.298 249.625 Bonus payable
Kesejahteraan pegawai dan sosial 172.539 185.447 168.620 Social and employee welfare
Setoran jaminan 12.610 7.095 4.734 Guarantee deposits
Biaya yang masih harus dibayar 19.847 20.785 13.764 Accrued expenses
Nota kredit dalam penyelesaian 2.561 2.462 2.384 Credit notes in process
Lainnya 7.796 17.924 22.462 Others
Total 2.882.703 2.441.809 2.258.809 Total
Penerimaan di muka merupakan penerimaan Unearned income represents interest income on

bunga subsidi yang diberikan pemerintah terkait subsidized fund from the Government relating to
dengan pembiayaan Rumah Sehat Sederhana Simple Housing Loans (RSH).
(RSH).
Cadangan atas bonus merupakan kewajiban atas Bonus payable represents unpaid employees’
jasa produksi karyawan pada tahun berjalan yang bonus for the current year which was not yet
belum dibagikan pada akhir tahun. distributed at the end of the year.
Dalam saldo akun ”Kesejahteraan pegawai dan As of December 31, 2013, 2012, and 2011, social
sosial” pada tanggal 31 Desember 2013, 2012, dan and employee welfare includes employee benefits
2011, termasuk Liabilitas Imbalan Kerja (reserve) liability amounting to Rp115,016,
(Cadangan) masing-masing sebesar Rp115.016, Rp112,463, and Rp105,297, respectively.
Rp112.463, dan Rp105.297.
Lainnya terdiri dari pendapatan sewa diterima Others consists mainly of unearned rent income
dimuka dan cadangan litigasi. and litigation reserves.
141
25. EKUITAS 25. EQUITY
a. Modal Saham a. Capital Stock
Rincian modal dasar, modal ditempatkan dan The details of the Bank’s authorized capital
disetor penuh Bank pada tanggal stock and issued and fully paid capital stock as
31 Desember 2013, 2012, dan 2011 adalah of December 31, 2013, 2012, and 2011 are as
sebagai berikut: follows:
2013
Nilai nominal
per lembar saham
Jumlah lembar (Rupiah penuh)/ Jumlah nilai Persentase
saham/ Par value saham/ kepemilikan/
Number of per share Total value Percentage
shares (Full Rupiah) of shares ownership
Modal Dasar Authorized

Saham Seri A Dwiwarna 1 500 - 0,00% Series A Stock Dwiwarna
Saham Biasa atas
nama Seri B 20.478.431.999 500 10.239.216 100,00% Common Stock Series B
Jumlah Modal Dasar 20.478.432.000 10.239.216 100,00% Total Authorized
Modal Ditempatkan dan

Disetor Penuh Issued and Fully Paid-up
Saham Seri A Dwiwarna Stock Dwiwarna Series A
Pemerintah* 1 500 - 0,00% Government*
Saham Seri B Stock Series B
Pemerintah 6.353.999.999 500 3.177.000 60,14% Government
GIC S/A Government GIC S/A Government
Of Singapore 541.719.968 500 270.860 5,13% of Singapore
Sahala Lumban Gaol Sahala Lumban Gaol

(Komisaris Independen)** 543.500 500 272 0,01% (Independent Commisioner)**
Maryono Maryono
(Direktur Utama)** 98.500 500 49 0,00% (Director)**
Mansyur S. Nasution Mansyur S. Nasution
(Direktur)** 375.000 500 188 0,00% (Director)**
Iman A Zahiruddin Irman A Zahiruddin
(Direktur)** 4.922.650 500 2.461 0,05% (Director)**
Evi Firmansyah 3.500.000 500 1.750 0,03% Evi Firmansyah
Saut Pardede** 3.571.500 500 1.786 0,03% Saut Pardede**
Mas Guntur Dwi S** 520.000 500 260 0,00% Mas Guntur Dwi S**
Poernomo** 523.500 500 262 0,00% Poernomo**
Masyarakat**
(kepemilikan masing- Public**
masing dibawah 5% (ownership less than 5%
untuk setiap pihak) 3.655.078.882 500 1.827.539 34,61% each)
Total Modal Ditempatkan Total Issued

Dan Disetor Penuh 10.564.853.500 500 5.282.427 100,00% and Fully Paid-up
* Saham Seri A Dwiwarna memliki hak khusus untuk mengajukan calon * Stock Dwiwarna Series A possess the exclusive right to propose
Dewan Komisaris dan Direksi candidates for Board of Commissioners and Directors
** termasuk program MESA dan MESOP ** includes shares arising from the MESA and MESOP Programs
142
25. EKUITAS (lanjutan) 25. EQUITY (continued)
a. Modal Saham (lanjutan) a. Capital Stock (continued)
2012
Nilai nominal
per lembar saham

Saham Biasa atas

GIC S/A Government GIC S/A Government
Of Singapore 673.294.079 500 336.647 6,50% of Singapore
Evi Firmansyah Evi Firmansyah
Irman A Zahiruddin Irman A Zahiruddin
Saut Pardede Saut Pardede
Mas Guntur Dwi S Mas Guntur Dwi S
Poernomo Poernomo
Masyarakat**
* Saham Seri A Dwiwarna memliki hak khusus untuk mengajukan * Stock Dwiwarna Series A possess the exclusive right to propose
calon Dewan Komisaris dan Direksi candidates for Board of Commissioners and Directors
143

2011
Nilai nominal
per lembar saham
Saham Biasa atas
Iqbal Latanro (Direktur Iqbal Latanro
Utama)** 2.636.500 500 1.318 0,03% (President Director)**
Evi Firmansyah (Wakil Evi Firmansyah
Direktur Utama)** 1.770.000 500 885 0,02% (Vice President Director)**
Irman A Zahiruddin Irman A Zahiruddin
Purwadi Purwadi
Saut Pardede Saut Pardede
Sunarwa Sunarwa
(Direktur)** 1.683.500 500 842 0,02% (Director)**
Masyarakat**
* Saham Seri A Dwiwarna memliki hak khusus untuk mengajukan * Stock Dwiwarna Series A possess the exclusive right to propose
calon Dewan Komisaris dan Direksi candidates for Board of Commissioners and Directors
2013 2013
Dengan adanya pelaksanaan opsi pembelian With the exercise of the purchased stock
(eksekusi) saham Mesop I tahap 5 dan 6, options during phases 5 and 6 of MESOP I,
Mesop II tahap 3 dan 4, dan Mesop III tahap 1 phases 3 and 4 of MESOP II, and phases 1
dan 2, pada tahun 2013, (Catatan 26) maka and 2 of MESOP III in 2013 (Note 26), the
Bank menerbitkan saham seri B baru sejumlah Bank issued 208,413,000 new series B shares
208.413.000 lembar saham dengan nilai with a par value of Rp500 (full Rupiah) per
nominal Rp500 (Rupiah Penuh) per lembar share, thereby increasing the total shares
saham, sehingga meningkatkan jumlah lembar issued and paid up capital of the Bank by
saham ditempatkan dan disetor penuh 208,413,000 shares and Rp104,207,
Perseroan sebesar 208.413.000 lembar respectively.
saham dan sejumlah Rp104.207.
144

2012 2012
saham MESOP I tahap 3 dan 4 dan MESOP II options during phases 3 and 4 of MESOP I and
tahap 1 dan 2 pada tahun 2012 (Catatan 26), phases 1 and 2 of MESOP II in 2012 (Note 26),
maka Bank telah menerbitkan saham seri B the Bank issued 7,612,500 new series B
baru sejumlah 7.612.500 lembar dengan nilai shares with a par value of Rp500 (full Rupiah)
nominal Rp500 (Rupiah penuh) per lembar per share, thereby increasing the total shares
saham, sehingga meningkatkan jumlah lembar issued and paid up capital of the Bank by
saham ditempatkan dan disetor penuh 7,612,500 shares and Rp3,806, respectively.
Perseroan sebesar 7.612.500 lembar saham
dan sejumlah Rp3.806.
Pada tahun 2012, Bank telah melaksanakan In 2012, the Bank conducted a Limited Public
Penawaran Umum Terbatas (PUT I) dengan Offering I (LPO I) in order to strengthen its
tujuan untuk memperkuat permodalan dalam capital structure and support the Bank’s loan
mendukung pertumbuhan kredit Bank. PUT I growth. The LPO I was approved by the House
telah disetujui oleh Dewan Perwakilan Rakyat of Representatives of the Republic of
Republik Indonesia yang tertuang dalam Surat Indonesia as stipulated in the letter
Dewan Perwakilan Rakyat Republik Indonesia No. PW/09116/DPR RI/IX/2012 dated
No.PW/09116/DPR RI/IX/2012 tanggal September 28, 2012 and the Government of
28 September 2012 dan Pemerintah Republik the Republic of Indonesia as stated in the
Indonesia sebagaimana tertuang dalam Government of the Republic of Indonesia
Peraturan Pemerintah Republik Indonesia Regulation No. 87 year 2012 and published in
No.87 tahun 2012 dan diundangkan dalam the State Gazette 201 dated October 20, 2012.
Lembaran Negara No.201 tanggal 20 Oktober
2012.
Berdasarkan surat dari Badan Pengawas Based on the Capital Market and Financial
Pasar Modal dan Lembaga Keuangan Institution Supervisory Agency (Bapepam-LK)
(Bapepam-LK) No.S-13001/BL/2012 tanggal Letter No.S-13001/BL/2012 dated November 6,
6 November 2012, Bank telah melaksanakan 2012, the Bank filed a registration statement
pernyataan pendaftaran untuk PUT I yang for the LPO I, which became effective on
telah dinyatakan efektif sejak tanggal November 6, 2012. The terms and conditions
6 November 2012. Syarat dan ketentuan dari of the LPO I include among others:
PUT I antara lain:
a. Setiap pemegang 555.000 saham yang a. Each holder of 555,000 existing shares
namanya tercatat dalam Daftar Pemegang whose name is registered in the Register of
Saham pada 21 November 2012 pukul Shareholders of the Bank on November 21,
16.00 WIB berhak atas 94.943 Hak 2012, at 16.00 WIB is entitled to 94,943
Memesan Efek Terlebih Dahulu (HMETD). Rights.
b. Setiap HMETD memberikan hak kepada b. Each right shall entitle its holder to
pemegangnya untuk membeli sebanyak 1 purchase 1 (one) rights share at an
(satu) lembar saham dengan harga exercise price of Rp1,235 per share, which
Rp1.235 per lembar saham, yang akan shall be fully paid upon exercise of the right
dilunasi setelah pelaksanaan hak atas shares.
saham.
c. Saham HMETD yang ditawarkan dalam c. The rights shares offered in the LPO I
PUT I melalui penerbitan HMETD adalah through the issuance of the Rights are the
jumlah maksimal yang dapat diterbitkan maximum shares that may be issued from
dari portofolio Bank dan akan didaftarkan di the portofolio of the Bank and will be listed
Bursa Efek Indonesia dengan tetap at the Indonesia Stock Exchange with due
memperhatikan hukum yang berlaku. observance to the prevailing statutory
regulations.
145

d. Saham HMETD yang ditawarkan dalam d. The rights shares offered in the LPO I shall
PUT I harus diperingkat secara pari passu rank pari passu in all respects with the
dalam segala hal dengan saham-saham Bank’s other fully paid-up shares, including
lainnya yang telah dibayar penuh kepada with respect to the right to receive dividends
Bank, termasuk yang berkaitan dengan hak
untuk menerima dividen.
e. Setiap pecahan HMETD akan dibulatkan e. Any fractional rights will be rounded down
kebawah menjadi bilangan bulat yang to the nearest whole number
terdekat.
Dengan adanya hasil dari PUT I, Bank telah As a result of the LPO I, the Bank issued
menerbitkan 1.512.857.500 lembar Saham 1,512,857,500 new series B common shares
Biasa Seri B dengan nilai nominal Rp500 with a par value of Rp500 (full Rupiah) per
(Rupiah penuh) per lembar saham yang share which is listed on the Indonesia Stock
dicatatkan di Bursa Efek Indonesia melalui Exchange through the exercise of the pre-
pelaksanaan HMETD pada tahun 2012, emptive rights in 2012, thereby increasing the
sehingga meningkatkan jumlah lembar saham total shares issued and paid up capital of the
ditempatkan dan disetor penuh oleh Bank Bank by 1,512,857,500 shares or Rp1,052,796
sebesar 1.512.857.500 lembar saham atau (net of shares issuance costs of Rp59,154),
sejumlah Rp1.052.796 (setelah dikurangi biaya respectively. The changes in the capital stock
emisi saham sebesar Rp59.154). Perubahan were approved by notarial deed No.32 dated
modal saham tersebut telah disetujui dengan December 11, 2012 of Fathiah Helmi, SH.,
Akta No.32 tanggal 11 Desember 2012 oleh which notice has been received by the Ministry
Notaris Fathiah Helmi, S.H., yang of Laws and Human Rights through the letter
pemberitahuannya telah diterima oleh No.AHU-AH.01.10-44595 dated December 14,
Kementerian Hukum dan HAM sesuai surat 2012.
No. AHU-AH.01.10-44595 tanggal
14 Desember 2012.
2011 2011
saham MESOP I tahap 1 dan 2 pada tahun options during phases 1 and 2 of MESOP I in
2011 (Catatan 26), maka Bank telah 2011 (Note 26), the Bank issued 121,913,500
menerbitkan saham seri B baru sejumlah new series B shares with a par value of Rp500
121.913.500 lembar dengan nilai nominal (full Rupiah) per share, thereby increasing the
Rp500 (Rupiah penuh) per lembar saham, total shares issued and paid up capital of the
sehingga meningkatkan jumlah lembar saham Bank to 8,835,970,500 shares and
ditempatkan dan disetor penuh Perseroan Rp4,417,985, respectively.
menjadi 8.835.970.500 lembar saham dan
sejumlah Rp4.417.985.
Perubahan modal ditempatkan dan disetor The changes in issued and fully paid capital
penuh tersebut telah disahkan dengan Akta were approved by Deed No. 2 made by Notary
No. 2 tanggal 4 Januari 2012 yang dibuat oleh Fathiah Helmi, S.H., dated January 4, 2012, for
Notaris Fathiah Helmi, S.H., dan which notice has been received by the Ministry
pemberitahuannya telah diterima oleh of Laws and Human Rights in its letter
Kementerian Hukum dan HAM sesuai Surat No. AHU-AH.01.10-01660 dated January 17,
No. AHU-AH.01.10-01660 tanggal 17 Januari 2012.
2012.
146
b. Tambahan modal disetor - Neto b. Additional paid-in-capital - Net
Pada tahun 2013, dengan adanya In 2013, with the exercise of purchase stock
pelaksanaan opsi pembelian (eksekusi) saham options (the execution) of MESOP I phases 5
MESOP I tahap 5 dan 6, MESOP II tahap 3 and 6, MESOP II phases 3 and 4, and MESOP
dan 4, dan MESOP III tahap 1 dan 2, III phases 1 and 2, the Bank’s additional paid-in
tambahan modal disetor meningkat masing- capital increased by Rp11.063, Rp117,623,
masing sebesar Rp11.063, Rp117.623, dan and Rp103,575, respectively, as a result of the
Rp103.575 yang berasal dari pembelian conversion of 14,236,500 shares at an exercise
14.236.500 lembar saham dengan harga price of Rp855 (full Rupiah) per share for
sebesar Rp855 (Rupiah penuh) per lembar MESOP I, 93,255,000 shares at an exercise
saham untuk MESOP I, sejumlah 93.255.000 price of Rp1,297.44 (full Rupiah) per share for
lembar saham dengan harga sebesar MESOP II, and 100,921,500 shares at an
Rp1.297,44 (Rupiah penuh) per lembar saham exercise price of Rp1,098.36 (full Rupiah) per
untuk MESOP II, dan sejumlah 100.921.500 share for MESOP III. Additional paid-in capital
lembar saham dengan harga sebesar as of December 31, 2013 amounted to
Rp1.098,36 (Rupiah penuh) per lembar saham Rp2,025,764.
untuk MESOP III. Tambahan modal disetor
pada tanggal 31 Desember 2013 sebesar
Rp2.025.764.
Pada tahun 2012, dengan adanya In 2012, with the exercise of purchase stock
pelaksanaan opsi pembelian (eksekusi) saham options (the execution) of MESOP I phases 3
MESOP I tahap 3 dan 4 dan MESOP II tahap 1 and 4 and MESOP II phases 1 and 2, the
dan 2, tambahan modal disetor meningkat Bank’s additional paid-in capital increased by
masing-masing sebesar Rp5.219 dan Rp1.130 Rp5,219 and Rp1,130, respectively, as a result
yang berasal dari pembelian 6.716.500 lembar of the conversion of 6,716,500 shares at an
saham dengan harga sebesar Rp855 (Rupiah exercise price of Rp855 (full Rupiah) per share
penuh) per lembar saham untuk MESOP I dan for MESOP I and 896,000 shares at an
896.000 lembar saham dengan harga sebesar exercise price of Rp1,297.44 (full Rupiah) per
Rp1.297,44 (Rupiah penuh) per lembar saham share for MESOP II. Additionally, through the
untuk MESOP II. Selain itu, melalui exercise of the pre-emptive rights under the
pelaksanaan HMETD di bawah PUT I, LPO I, the Bank’s additional paid-in capital
tambahan modal disetor Bank meningkat increased by Rp1,052,795 (net of shares
sebesar Rp1,052.795 (setelah dikurangi biaya issuance costs of Rp59,154). Additional paid-in
emisi saham sebesar Rp59,154). Tambahan capital as of December 31, 2012 amounted to
modal disetor pada tanggal 31 Desember 2012 Rp1,793,503.
adalah sebesar Rp1.793.503.
Biaya emisi saham sebesar Rp59.154 telah The shares issuance costs amounting to
diverifikasi oleh KAP Rasin, Ichwan, dan Rp59,154 was verified by KAP Rasin, Ichwan
Rekan berdasarkan laporan hasil audit and Partners as stated in their audit report
No. 002/AK-LAP/0213 tanggal 5 Februari No. 002/AK-LAP/0213 dated February 5, 2013.
2013. Nilai akhir dari biaya emisi saham The final value of the shares issuance costs is
tersebut masih dalam proses pengesahan oleh still awaiting approval from the Ministry of
Kementrian BUMN. State-Owned Enterprises.
147
b. Tambahan modal disetor - Neto (lanjutan) b. Additional paid-in-capital - Net (continued)
Pada tahun 2011 dengan adanya pelaksanaan In 2011, with the exercise of purchase stock
opsi pembelian (eksekusi) saham MESOP I options (the execution) of MESOP I phases 1
tahap 1 dan 2, tambahan modal disetor Bank and 2, the Bank’s additional paid-in capital
bertambah sebesar Rp94.733 yang berasal increased by Rp94,733 as a result of the
dari pembelian (eksekusi) 121.913.500 lembar conversion of 121,913,500 shares at an
saham pada harga Rp855 (Rupiah penuh) per exercise price of Rp855 (full Rupiah) per
saham, sehingga pada tanggal 31 Desember share. Additional paid-in capital as of
2011, tambahan modal disetor menjadi December 31, 2011 amounted to Rp734,359.
sebesar Rp734.359.
c. Penggunaan Laba c. Profit Distribution
Penggunaan Laba Tahun 2012 Profit Distribution for Year 2012
Dalam Rapat Umum Pemegang Saham In the Annual General Stockholders’ Meeting
(RUPS) Tahunan yang diadakan pada tanggal held on March 27, 2013, the stockholders
27 Maret 2013, pemegang saham menyetujui approved the distribution of dividends
pembagian dividen sebesar Rp409.189, dan amounting to Rp409,189 and the allocation of
alokasi atas saldo laba sebagai berikut: retained earnings as follows:
i. Rp265.595 sebagai cadangan tujuan, dan i. Rp265,595 as specific reserve, and
ii. Rp689.178 sebagai cadangan umum. ii. Rp689,178 as general reserve.
(RUPS) Tahunan yang diadakan pada tanggal held on April 19, 2012, the stockholders
19 April 2012, pemegang saham menyetujui approved the distribution of dividends
ii. Rp240.107 sebagai cadangan tujuan, i. Rp240,107 as specific reserve;
ii. Rp615.669 sebagai cadangan umum, dan ii. Rp615,669 as general reserve; and
iii. Rp16.780 dan Rp22.373 masing-masing iii. Rp16,780 and Rp22,373 for Partnership
sebagai Program Kemitraan dan Bina and Environmental Development Programs,
Lingkungan. respectively.
(RUPS) Tahunan yang diadakan pada tanggal held on May 19, 2011, the stockholders
19 Mei 2011, pemegang saham menyetujui approved the distribution of dividends
iii. Rp200.750 sebagai cadangan tujuan, i. Rp200,750 as specific reserve;
ii. Rp408.349 sebagai cadangan umum, dan ii. Rp408,349 as general reserve; and
iii. Rp13.739 dan Rp18.319 masing-masing iii. Rp13,739 and Rp18,319 for Partnership
sebagai Program Kemitraan dan Bina and Environmental Development Programs,
Lingkungan. respectively.
148
26. PROGRAM KOMPENSASI MANAJEMEN DAN 26. MANAGEMENT AND EMPLOYEE STOCK
KARYAWAN BERBASIS SAHAM (MESOP) OPTION PLAN (MESOP)
Berdasarkan Rapat Umum Pemegang Saham Luar Based on the Extraordinary General Shareholders
Biasa (RUPS-LB) tanggal 6 Oktober 2009 Meeting dated October 6, 2009, the shareholders
pemegang saham memutuskan untuk menyetujui approved the stock ownership by management and
program kepemilikan saham PT Bank Tabungan employees through the Management and
Negara (Persero) oleh Manajemen dan Karyawan Employee Stock Allocation (MESA) program and
melalui penjatahan saham untuk Manajemen dan grant of option right to Management and
Karyawan (Management and Employee Stock Employees under the Management and Employee
Allocation/MESA) dan pemberian hak opsi kepada Stock Option Plan (MESOP) in connection with the
Manajemen dan Karyawan (Management and IPO, subject to the following terms:
Employee Stock Option Plan/MESOP) dalam
rangka IPO dengan ketentuan sebagai berikut:
a. Program MESA diberikan maksimal sebesar a. MESA program is allocated with a maximum of
9,62% dari saham baru yang diterbitkan dan 9.62% of the newly issued shares and a
program MESOP maksimal sebesar 4% dari maximum of 4% of the issued and fully paid-up
Modal Ditempatkan dan Disetor Penuh. capital for the MESOP program.
b. Peserta program MESA dan MESOP adalah b. Participants of the MESA and MESOP
karyawan yang tercatat pada tanggal programs are registered employees as of
30 September 2009 dan anggota Direksi, September 30, 2009 and the Board of
anggota Dewan Komisaris, anggota Dewan Directors, the Board of Commissioners,
Pengawas Syariah, Sekretaris Dewan members of the Sharia Supervisory Board,
Komisaris dan anggota Komite Audit. Secretary of the Board of Commissioners and
members of the Audit Committee.
c. Diskon harga saham untuk program MESA c. Stock price discount in the MESA program
sebesar 20% dengan masa lockup selama amounted to 20% with a lockup period until six
enam bulan. Diskon dimaksud menjadi beban months. The discount will be charged as the
Bank. Bank’s expense.
d. Hak opsi program MESOP dapat dilaksanakan d. The MESOP program can be executed in
dalam tiga tahap yaitu tahap I sebesar 40%, three stages. Stage I amounting to 40%, stage
tahap II sebesar 30% dan tahap III sebesar II amounting to 30% and stage III amounting to
30%. Harga pelaksanaan sesuai peraturan 30%. The exercise price must comply with the
dan ketentuan yang berlaku. Umur opsi lima prevailing rules and regulations. The option will
tahun sejak diterbitkan dengan vesting period expire in five years from the date of issuance
(masa tunggu) satu tahun yang mana dalam with one year vesting period, which is the
periode tersebut hak opsi tidak dapat period the option is not exercisable.
digunakan untuk membeli saham Perseroan.
e. Alokasi saham MESA dan MESOP antara e. MESA and MESOP stock allocations to
manajemen dan karyawan adalah 5%:95% management and employees is 5%:95% and
dan dilaksanakan dengan memperhatikan should be implemented by considering justice,
prinsip keadilan dan kewajaran, prestasi kerja, fairness, work achievement, work position,
masa kerja, jabatan, hak dan kewajiban. rights and obligation concept.
f. Pengawasan program MESA dan MESOP f. The implementation of MESA and MESOP is
dilakukan oleh Dewan Komisaris dan monitored by the Board of Commissioners to
pelaksanaannya agar mengikuti ketentuan be reported to the stockholders and must
yang berlaku serta dilaporkan kepada comply with prevailing regulations.
Pemegang Saham.
149
KARYAWAN BERBASIS SAHAM (MESOP) OPTION PLAN (MESOP) (continued)
(lanjutan)
MESOP Tahap I MESOP Stage I
Jumlah saham yang akan diterbitkan pada opsi The number of shares, which will be issued during
saham Tahap I adalah 145.234.500 lembar dengan Stage I is 145,234,500 shares with execution price
harga eksekusi adalah Rp855 (Rupiah penuh). of Rp855 (full Rupiah). The option period is five
Masa berlaku opsi adalah selama lima tahun years from the date of distribution, January 29,
dihitung dari tanggal pendistribusian hak opsi, 2010. The option has vesting period of one year
29 Januari 2010. Opsi saham mempunyai masa until February 1, 2011.
tunggu (vesting period) selama satu tahun yang
berakhir pada tanggal 1 Februari 2011.
Periode eksekusi yang ditetapkan Bank dimulai The Bank determined that the execution period
pada tahun 2011 sampai dengan tahun 2014 setiap begins in 2011 until 2014 with execution periods in
bulan Februari dan bulan Oktober selama 30 hari every February and October of each year for 30
bursa di bulan bersangkutan. working days of the respective months.
Nilai wajar dari opsi saham tahap pertama yang The fair value of the option which, was distributed
dikeluarkan pada tanggal 29 Januari 2010 adalah on January 29, 2010 amounted to Rp422.05
sebesar Rp422,05 (Rupiah penuh) per lembar (Rupiah full amount) per share, based on the
saham, sesuai dengan Laporan Penilaian yang Valuation Report by PT Towers Watson dated
dikeluarkan oleh PT Towers Watson pada tanggal September 22, 2010, using the Binomial option
22 September 2010 dengan menggunakan model pricing model.
penentuan harga opsi Binomial (Binomial option
pricing model).
Nilai wajar dari opsi yang diberikan merupakan The fair value of the option is estimated using the
estimasi dengan asumsi sebagai berikut: following assumptions:
Suku bunga bebas risiko: 7,808% Risk free rate:

Ekspektasi periode opsi 5 tahun/years Expected option period
Ekspektasi ketidakstabilan harga saham 50% Volatility rate
Ekspektasi dividen yang dihasilkan 2% Dividend yield
Tingkat pengunduran diri karyawan 1% Empoyee resignation rate
MESOP Tahap II MESOP Stage II
saham tahap 2 adalah 108.925.000 lembar dengan Stage 2 is 108,925,000 shares with execution price
harga eksekusi adalah Rp1.397,44 (Rupiah at Rp1,297.44 (Rupiah full amount). The option
penuh). Masa berlaku opsi adalah selama lima period is five years from the date of distribution,
tahun dihitung dari tanggal pendistribusian hak January 31, 2011. The option has vesting period of
opsi, 31 Januari 2011. Opsi saham mempunyai one year until February 1, 2012.
masa tunggu (vesting period) selama satu tahun
yang berakhir pada tanggal 1 Februari 2012.
bulan Februari dan bulan Oktober selama 30 hari every February and October of each year for 30
bursa di bulan bersangkutan. working days of the respective months.
Nilai wajar dari opsi saham tahap kedua yang The fair value of the option, which was distributed
dikeluarkan pada tanggal 31 Januari 2011 adalah on January 31, 2011 amounted to Rp463.87
sebesar Rp463,87 (Rupiah penuh) per lembar (Rupiah full amount) per share, based on the
saham, sesuai dengan Laporan Penilaian yang Valuation Report by PT Towers Watson dated
dikeluarkan oleh PT Towers Watson pada tanggal October 12, 2011, using the Binomial option pricing
12 Oktober 2011 dengan menggunakan model model.
penentuan harga opsi Binomial (Binomial option
pricing model).
150
(lanjutan)
Suku bunga bebas risiko: 7,975% Risk free rate:

Tingkat pengunduran diri karyawan 1% Empoyee resignation rate
MESOP Tahap III MESOP Stage III
saham tahap III adalah 108.925.500 lembar Stage III, is 108,925,500 shares with execution
dengan harga eksekusi adalah Rp1.098,36 (Rupiah price at Rp1,098.36 (full Rupiah). The option period
penuh). Masa berlaku opsi adalah selama lima is five years from the date of distribution,
tahun dihitung dari tanggal pendistribusian hak January 31, 2012. The option has vesting period of
opsi, 31 Januari 2012. Opsi saham mempunyai one year until February 1, 2013.
masa tunggu (vesting period) selama satu tahun
yang berakhir pada tanggal 1 Februari 2013.
bulan Februari dan bulan Oktober selama 30 hari every February and October of each year for
bursa di bulan bersangkutan. 30 working days of the respective months.
Nilai wajar dari opsi saham tahap ketiga yang The fair value of the option, which was distributed
dikeluarkan pada tanggal 31 Januari 2012 adalah on January 31, 2012, amounted to Rp427.93 (full
sebesar Rp427,93 (Rupiah penuh) per lembar Rupiah) per share, based on the valuation report
saham, sesuai dengan laporan penilaian yang by PT Towers Watson dated June 28, 2012, using
dikeluarkan oleh PT Towers Watson pada tanggal the Binomial-tree option pricing model.
28 Juni 2012 dengan menggunakan model
penentuan harga opsi Binomial (Binomial-tree
option pricing model).
Suku bunga bebas risiko 5,023% Risk free rate
Tingkat pengunduran diri karyawan 1% Employee resignation rate
Jumlah biaya opsi saham yang diakui untuk The compensation costs recognized for MESOP
MESOP Tahap I, II, III yang tercatat pada akun Stages I, II, III as recorded in the Salaries and
beban gaji dan upah untuk tahun yang berakhir wages expense for years ended December 31,
pada tanggal 31 Desember 2013, 2012, dan 2011 2013, 2012 and 2011, amounted to Rp3,845
masing-masing sebesar Rp3.845, Rp42.301 dan Rp42,301, and Rp59,460, respectively (Note 32).
Rp59.460 (Catatan 32).
Harga rata-rata tertimbang saham adalah Rp1.253, The weighted average shares price is Rp1,253,
Rp1.333 dan Rp1.500 untuk tahun yang berakhir Rp1,333 and Rp1,500 for the years ended
masing-masing pada 31 Desember 2013, 2012 dan December 31, 2013, 2012 and 2011, respectively.
2011.
151
(lanjutan)
Ringkasan MESOP dan mutasi selama periode The summary of the MESOP and its movements
yang berakhir 31 Desember 2013, 2012 dan 2011 during the period ended December 31, 2013, 2012
adalah sebagai berikut: and 2011 are as follows:
2013
Jumlah Opsi/Number of Options
MESOP Tahap I/ MESOP Tahap II/ MESOP Tahap III/

MESOP Stage I MESOP Stage II MESOP Stage III
Opsi pada awal Options outstanding at beginning

tahun 16.386.000 108.029.500 108.925.500 of the year
Opsi yang diiberikan Options granted during
sepanjang tahun - - - the year
Opsi yang dieksekusi Options exercised during
sepanjang tahun (14.236.500) (93.255.000) (100.921.500) the year
Opsi yang bisa dieksekusi Options that can be exercised
pada akhir tahun 2.149.500 14.774.500 8.004.000 at end of the year
2012


tahun 23.102.500 108.925.500 - of the year
sepanjang tahun - - 108.925.500 the year
sepanjang tahun (6.716.500) (896.000) - the year
pada akhir tahun 16.386.000 108.029.500 108.925.500 at end of the year
2011


tahun 145.016.000 - - of the year
sepanjang tahun - 108.925.500 - the year
sepanjang tahun (121.913.500) - - the year
pada akhir tahun 23.102.500 108.925.500 - at end of the year
152
27. PENDAPATAN BUNGA 27. INTEREST INCOME

2013 2012 2011
Kredit yang diberikan dan piutang Loans and recievables
Kredit yang diberikan 9.605.046 7.900.961 6.735.114 Loans
Giro pada Bank Indonesia 49.760 36.134 28.242 Current accounts with Bank Indonesia
Giro pada bank lain 1.278 167 137 Current accounts with other banks
Penempatan pada Bank Placements with Bank Indonesia
Indonesia dan bank lain 189.917 195.405 129.202 and other banks
Efek-efek yang dibeli dengan Securities purchase under resale
janji dijual kembali - 2.679 - agreements
Nilai wajar melalui

Laba rugi Fair value through profit or loss

Efek-efek 61.031 99 483 Securities

Total 10.392.786 8.481.318 7.334.318 Total
28. BEBAN BUNGA 28. INTEREST EXPENSE

2013 2012 2011
Deposito berjangka 2.728.481 2.151.842 2.275.876 Time deposits
Surat-surat berharga yang diterbitkan 825.783 673.625 542.893 Securities issued
Tabungan 721.244 507.929 331.800 Savings deposits
Efek yang dijual dengan janji Securities sold under repurchase
dibeli kembali 157.259 159.189 284.054 agreements
Giro 225.481 196.316 128.693 Demand deposits
Simpanan dari bank lain 38.062 19.526 25.517 Deposits from other banks
Total 5.115.187 4.080.603 3.759.509 Total
29. PENDAPATAN OPERASIONAL LAINNYA - LAIN- 29. OTHER OPERATING INCOME - OTHERS
LAIN
2013 2012 2011

Jasa perbankan 60.607 45.758 35.560 Bank services
Jasa penagihan - payment points 4.146 3.589 3.594 Collection services - payment points
Lain-lain 71.293 34.330 28.198 Others
Total 136.046 83.677 67.352 Total
Jasa perbankan terdiri dari pendapatan dari Bank services pertains to income from fund
transaksi transfer dana, pendapatan sewa safe transfer transactions, safety deposit box rentals
deposit box dan pendapatan administrasi layanan and ATM service charges.
ATM.
Lainnya terdiri dari servicing fee dari transaksi Others consist mainly of servicing fees from
sekuritisasi dan komisi yang diterima dari securitization transactions and commission
perusahaan asuransi atas produk asuransi yang received from insurance companies for insurance
terjual. products sold by the Bank to its borrowers.
153
30. PENYISIHAN (PEMBALIKAN) KERUGIAN 30. PROVISION FOR (REVERSAL OF) IMPAIRMENT
PENURUNAN NILAI ASET KEUANGAN DAN LOSSES ON FINANCIAL AND NON-FINANCIAL
NON- ASET KEUANGAN ASSETS
2013 2012 2011

Kredit yang diberikan dan
pembiayaan/piutang syariah Loans and sharia financing/
(Catatan 10) 435.742 206.442 107.180 receivables (Note 10)
Giro pada bank lain (Catatan 6) 558 (572) (88) other banks (Note 6)
Penempatan pada bank lain Placements with other banks
(Catatan 7) (6.000) 2.999 (69) (Note 7 )
Efek-efek (Catatan 8) (11) 3.755 2.194 Securities (Note 8)
Properti terbengkalai (Catatan 13) - - 345 Abandoned properties (Note 13)
Neto 430.289 212.624 109.562 Net
31. BEBAN UMUM DAN ADMINISTRASI 31. GENERAL AND ADMINISTRATIVE EXPENSES
2013 2012 2011

Perbaikan dan pemeliharaan 419.009 304.381 282.374 Repairs and maintenance
Promosi 410.682 274.966 196.958 Promotion
Sewa 287.692 236.380 193.173 Rent
Penyusutan (Catatan 11) 279.446 266.621 211.839 Depreciation (Note 11)
Listrik, air dan komunikasi 157.999 169.555 115.530 Electricity, water and telecommunications
Beban kantor 112.212 98.634 83.656 Office expenses
Transportasi 70.065 51.197 46.927 Transportation
Jasa profesional 15.153 23.907 25.299 Professional fees
Lainnya 31.804 37.116 29.171 Others
Total 1.784.062 1.462.757 1.184.927 Total
Lainnya terdiri dari biaya operasional untuk rapat Others consists mainly of operational costs for
umum pemegang saham dan premi asuransi untuk annual general stockholders’ meeting and
gedung, kas dalam perjalanan dan kas dalam insurance premium on the building, cash in transit
khasanah and cash in vault.
32. GAJI DAN TUNJANGAN KARYAWAN 32. SALARIES AND EMPLOYEE BENEFITS
2013 2012 2011

Gaji dan upah Salaries and wages
rutin 884.558 763.120 623.449 recurring
tidak rutin 540.784 536.931 541.981 non-recurring
Pelatihan dan pengembangan 106.095 112.204 81.387 Training and development
Lainnya 81.715 74.683 74.784 Others
Total 1.613.152 1.486.938 1.321.601 Total
Lainnya terdiri dari beban imbalan kerja, biaya Others consists mainly of employee benefits
perekrutan, pesangon dan tunjangan rekreasi expense, recruitment costs, severance costs and
karyawan. employee recreational costs.
154
33. BEBAN OPERASIONAL LAINNYA - LAIN-LAIN 33. OTHER OPERATING EXPENSES - OTHERS

2013 2012 2011
Imbalan atas jasa penagihan 62.776 55.708 47.936 Fees for collection services
Kerugian atas penyelesaian kredit
bermasalah 45.650 32.799 32.093 Loss on bad debt settlement
Lainnya 29.294 40.483 27.867 Others
Total 137.720 128.990 107.896 Total
Lainnya terdiri dari beban representasi dan Others consists mainly of representation and
hiburan, beban restrukturisasi organisasi dan entertainment expense, internal organizational
beban cadangan litigasi. restructuring expense and provision for legal
cases.
34. PENDAPATAN (BEBAN) BUKAN 34. NON-OPERATING INCOME (EXPENSES) - NET

OPERASIONAL – NETO

2013 2012 2011
Pendapatan sewa gedung 222 248 3.716 Building rental income equipment
Pendapatan (beban) lainnya - neto 4.640 (8.015) (7.205) Others - net
Neto 4.862 (7.767) (3.489) Net
Lainnya terdiri dari keuntungan atau kerugian dari Others consists mainly of foreign exchange gains
penjabaran mata uang asing aset dan kewajiban, or losses from translation of foreign currency
denda atas kelebihan likuiditas di cabang dan denominated assets and liabilities, penalty on
biaya yang terkait dengan kegiatan Corporate excess liquidity in branches and expenses related
Social Responsibility. to Corporate Social Responsibility activities.
35. PERPAJAKAN 35. TAXATION
a. Rekonsiliasi antara laba sebelum beban pajak a. The reconciliation between income before tax
menurut laporan laba rugi komprehensif expense, as shown in the statements of
dengan taksiran penghasilan kena pajak untuk comprehensive income, and estimated taxable
tahun yang berakhir pada tanggal income for the years ended December 31,
31 Desember 2013, 2012 dan 2011, adalah 2013, 2012 and 2011 are as follows:
sebagai berikut:
2013 2012 2011
Laba sebelum Income before

beban pajak 2.140.771 1.863.202 1.522.260 tax expense
Beda temporer: Temporary differences:
Kenaikan (penurunan) nilai Increase
efek-efek yang dimiliki (decrease) in fair value of
untuk diperdagangkan 65.120 (5.926) (1.862) trading securities
Penyisihan untuk imbalan Provision for employee
kerja - neto 2.553 7.167 21.410 benefits - net
Pembalikan Reversal of allowance for
kerugian penurunan impairment losses on
nilai aset keuangan financial assets
dan non-aset keuangan (566.390) (466.334) (70.605) and non-financial assets
Kompensasi Berbasis Saham
(MESOP) (88.610) 39.050 8.006 Employee stock option (MESOP)
Beda tetap: Permanent differences:
Beban yang tidak dapat
dikurangkan: Non-deductible expenses:
Kenikmatan karyawan 99.223 54.015 46.774 Employee welfare
Sewa 23.380 22.886 19.411 Rent
155
35. PERPAJAKAN (lanjutan) 35. TAXATION (continued)
a. Rekonsiliasi antara laba sebelum beban pajak a. The reconciliation between income before tax
menurut laporan laba rugi komprehensif expense, as shown in the statements of
dengan taksiran penghasilan kena pajak untuk comprehensive income, and estimated taxable
tahun yang berakhir pada tanggal income for the years ended December 31,
31 Desember 2013, 2012 dan 2011, adalah 2013, 2012 and 2011 are as follows:
sebagai berikut: (lanjutan) (continued)
2013 2012 2011
Beda tetap: (lanjutan) Permanent differences(continued)

Beban kantor 18.860 15.460 14.698 Office expense
Dana sosial dan representasi 7.204 6.849 5.984 Social funds and representation
Perbaikan dan pemeliharaan 6.131 8.332 5.011 Repairs and maintenance
Penyusutan atas aset tetap Depreciation of premises
yang tidak dapat and equipment which are
disusutkan menurut pajak 2.791 1.180 1.431 non-depreciable for tax purposes
Sumbangan 10.330 2.137 2.478 Contributions
Denda pajak 150 36 62 Tax penalties
Pendapatan yang tidak dapat

ditambahkan: Non-taxable income:
Pendapatan sewa (223) (246) (3.716) Rent income
Taksiran penghasilan kena
pajak 1.721.290 1.547.808 1.571.342 Estimated taxable income
Beban pajak penghasilan Income tax expense in

dengan tarif pajak accordance with
yang berlaku 430.323 386.952 392.836 applicable tax rate
Tax expense based on
Beban pajak SKP 1.456 5.777 - tax assessment letter
Pajak penghasilan yang Income tax paid -
dibayar sendiri - Pasal 25 (398.727) (352.110) (320.507) Article 25
Pembayaran beban Payment of tax expense based on
pajak SKP - (5.777) - tax assessment letter
Hutang
pajak penghasilan Corporate income tax
badan (Catatan 14) 33.052 34.842 72.329 payable (Note 14)
Perhitungan pajak penghasilan untuk tahun The income tax calculation for the year ended
yang berakhir 31 Desember 2013 merupakan December 31, 2013 was a temporary estimate
perhitungan sementara untuk tujuan akuntansi for accounting purposes and may be subjected
dan dapat mengalami revisi setelah pengajuan to revisions upon filing of the Annual Corporate
Surat Pemberitahuan Tahunan ke Kantor Income Tax Return to the Tax Office.
Pelayanan Pajak.
b. Rincian beban pajak tangguhan - neto dengan b. The details of deferred tax expense - net
memperhitungkan pengaruh beda temporer computed by computing the effect of on
pada tarif pajak adalah sebagai berikut: temporary differences at tax rate are as
follows:
2013 2012 2011

Pembalikan atas kerugian Reversal of allowance for
penurunan nilai aset keuangan impairment losses on financial
dan non-aset keuangan (141.597) (116.584) (17.651) and non-financial assets
Kenaikan (penurunan) nilai wajar
efek-efek yang dimiliki Increase (decrease) in fair value
untuk diperdagangkan 16.280 (1.482) (466) of trading securities
Penyisihan Provision for employee
untuk imbalan kerja – neto 638 1.792 5.353 benefits - net
Kompensasi berbasis saham
(MESOP) (22.152) 9.763 2.001 Employee stock option (MESOP)
Beban Pajak Deferred Tax

Tangguhan - Neto (146.831) (106.511) (10.763) Expense - Net
156
c. Aset (Liabilitas) Pajak Tangguhan c. Deferred tax assets (liabilities)
Pengaruh pajak atas perbedaan temporer The tax effects on significant outstanding
yang signifikan antara pelaporan keuangan temporary differences between financial and
dan pajak adalah sebagai berikut: tax reporting purposes are as follows:
2013 2012 2011
Aset (liabilitas) pajak tangguhan - Deferred tax assets (liabilities) -
dampak dari laporan effect from statements of
laba rugi komprehensif comprehensive income
Aset Pajak Tangguhan Deferred tax assets
Cadangan kerugian penurunan Allowance for impairment losses
nilai aset keuangan dan non-aset on financial and non-financial
keuangan - - 30.390 assets
Penyisihan untuk imbalan kerja 28.754 28.116 26.324 Provision for employee benefits
Liabilitas Pajak Tangguhan Deferred tax liability
Kenaikan (penurunan) nilai
efek-efek yang dimiliki Increase (decrease) in fair
untuk diperdagangkan 14.774 (1.506) (24) value of trading securities

nilai aset keuangan dan on financial and non-financial
non-aset keuangan (227.791) (86.194) - assets
Kompensasi berbasis saham - Employee stock options
(MESOP) 2.650 24.802 15.039 (MESOP)
Aset (liabilitas) Pajak Tangguhan Deferred tax assets (liabilities)- effect

- efek dari ekuitas from equity
Keuntungan (kerugian) yang belum Unrealized gain (losses) of available-for

direalisasi atas efek-efek -sale securities
dan obligasi Pemerintah 28.836 (11.189) (13.541) and government bonds
Yang tersedia untuk dijual
(MESOP) - 962 - Employee Stock option (MESOP)
Aset (liabilitas) Pajak Deferred Tax Assets
Tangguhan - Neto (152.777) (45.009) 58.188 (liabilities) - Net
Pada tanggal 31 Desember 2013, 2012 dan As of December 31, 2013, 2012 and 2011,
2011, manajemen berkeyakinan bahwa management believes that the Bank’s
estimasi bank terhadap penghasilan atas estimates of future taxable income indicate that
manfaat pajak masa mendatang yang timbul the future income tax benefits arising from the
dari perbedaan temporer akan diakui di masa temporary differences will be realized in the
mendatang. future.
d. Rekonsiliasi antara beban pajak penghasilan d. The reconciliation between the tax expense
dengan menggunakan tarif pajak yang berlaku computed by applying the applicable tax rate
dari laba sebelum beban pajak dan beban on the income before tax expense and the tax
pajak penghasilan – neto seperti yang expense - net shown in the statement of
disajikan dalam laporan laba rugi income for the years ended December 31,
komprehensif untuk tahun yang berakhir pada 2013, 2012, and 2011, are as follows:
tanggal 31 Desember 2013, 2012, dan 2011
adalah sebagai berikut:
2013 2012 2011
Laba sebelum beban pajak 2.140.771 1.863.202 1.522.260 Income before tax expense
Beban pajak dengan Tax expense at

tarif pajak yang berlaku (535.193) (465.801) (380.565) the applicable tax rate
Beda tetap – neto (41.961) (27.662) (23.034) Permanent differences – net
Tax expense based on
Beban pajak SKP (1.456) (5.777) - tax assessment letter
Beban pajak
- neto (578.610) (499.240) (403.599) Tax expense - net
157
Direktorat Jenderal Pajak telah melakukan The Directorate General of Taxation conducted
pemeriksaan pajak terhadap Bank untuk a tax audit on the Bank for the fiscal year 2010
tahun pajak 2010 dan telah menerbitkan and issued a tax assessment (SKP)
Surat Ketetapan Pajak (SKP) No. 00004/206/10/093/12 dated December 3,
No. 00004/206/10/093/12 tanggal 3 Desember 2012 regarding the underpayment of income
2012 mengenai kekurangan pembayaran tax amounting to Rp40,586, SKP
Pajak Penghasilan sebesar Rp40.586, SKP No. 00199/207/10/093/12 and SKP
No. 00199/207/10/093/12 dan SKP No. 00113/107/10/092/12 dated December 3,
No. 00113/107/10/092/12 tanggal 3 Desember 2012 regarding the underpayment of value
2012 mengenai kekurangan pembayaran added tax on goods and services amounting to
Pajak Pertambahan Nilai Barang dan Jasa Rp1,493 and Rp205, respectively. The Bank
masing-masing sebesar Rp1.493 dan Rp205. has paid the entire assesed amount and is
Bank telah membayar seluruh tagihan pajak currently undertaking the process of filing an
tersebut dan saat ini sedang melakukan proses objection to the Directorate General of Taxation
pengajuan keberatan Kepada Direktorat for the tax assesment regarding the
Jendral Pajak untuk SKP kekurangan underpayment of income tax amounting to
pembayaran Pajak Penghasilan yaitu sebesar Rp36,507 (Note 14).
Rp36.507 (Catatan 14).
Direktorat Jenderal Pajak telah melakukan The Directorate General of Taxation conducted
pemeriksaan pajak tahun 2010 dan telah a tax audit for the fiscal year 2010 and issued
mengeluarkan Surat Hasil Pemeriksaan Pajak Assessment Notification Letter No. SPHP-
(SPHP) No. SPHP-13/WPJ.19/KP.03/2013 13/WPJ.19/KP.03/2013 dated November 21,
tanggal 21 November 2013 mengenai 2013, regarding underpayment for Income Tax
kekurangan pembayaran pajak PPh pasal 21, Article 21, Income Article 22, Article 23,
pasal 22, Pasal 23, pasal 26 dan pasal 4 (2) Article 26, and Article 4 (2) amounting to
sebesar Rp1.456. Atas SPHP tersebut, Bank Rp1,456. Bank has received issued Tax
telah menerima Surat Ketetapan Pajak Kurang Assessment Letter of Tax Underpayment
Bayar (SKPKB) No. 00005/201/10/093/13, (SKPKB) No. 00005/201/10/093/13, SKPKB
SKPKB, No. 00008/203/10/093/13, No. 00008/203/10/093/13, SKPKB
SKPKB No. 00003/204/10/093/13, dan SKPKB No. 00003/204/10/093/13, and SKPKB
No. 00008/240/10/093/13 tanggal No. 00008/240/10/093/13 dated December 20,
20 Desember 2013. 2013.
36. KOMITMEN DAN KONTINJENSI 36. COMMITMENTS AND CONTINGENCIES
Saldo komitmen dan kontinjensi pada tanggal The outstanding commitments and contingencies
31 Desember 2013, 2012 dan 2011 adalah sebagai as of December 31, 2013, 2012 and 2011 are as
berikut: follows:
2013 2012 2011
KOMITMEN COMMITMENTS
Liabilitas Komitmen Commitments payable
Fasilitas kredit kepada nasabah Unused loan facility commitments
yang belum ditarik (Catatan 23) 9.495.098 7.738.191 5.149.978 (Note 23)
Lain-lain 132 7 - Others
Jumlah Liabilitas Komitmen 9.495.230 7.738.198 5.149.978 Total commitments payable
KONTINJENSI CONTINGENCIES
Tagihan Kontinjensi Contingent receivables
Pendapatan bunga dalam Interest income on
penyelesaian 825.313 536.362 404.047 non-performing assets
Garansi yang diterima 501.940 239.486 159.257 Guarantees received
Lain-lain 450.901 344.515 264.570 Others
Jumlah Tagihan Kontinjensi 1.778.154 1.120.363 827.874 Total contingent receivables

Liabilitas Kontinjensi Contingent payables
Garansi yang diterbitkan (Catatan 23) 552.711 421.744 235.718 Guarantees issued (Note 23)
Tagihan Kontinjensi - Bersih 1.225.443 698.619 592.156 Contingent receivables - net
158
37. IMBALAN KERJA 37. EMPLOYEE BENEFITS
Program imbalan pasti Defined benefit plan
Bank memiliki program pensiun manfaat pasti The Bank has a defined benefit pension plan
(“Program Pensiun”) untuk karyawan yang (“Pension Plan”) covering all its eligible employees.
memenuhi syarat. Dana pensiun dibiayai dari iuran The Pension Plan is funded through contributions
karyawan dan iuran Bank. Iuran karyawan adalah from both the employees and the Bank.
sebesar 5% dari penghasilan dasar pensiun Employees’ contributions are computed at 5% of
karyawan dan iuran Bank adalah sesuai dengan the employees’ basic pension salaries and the
perhitungan aktuaris. Aset Program Pensiun Bank’s contributions are based on actuarial
diadministrasikan dan dikelola oleh Dana Pensiun computations. The Pension Plan’s assets are being
PT Bank Tabungan Negara (Persero) Tbk administered and managed by Dana Pensiun
(DPBTN). PT Bank Tabungan Negara (Persero) Tbk
(DPBTN).
Bank juga memiliki program manfaat pasti lainnya The Bank has also other defined benefit plans
(“Program Lainnya”) seperti program Tunjangan (“other plans”) such as Old-age Retirement plan
Hari Tua (THT), program perawatan kesehatan (Tunjangan Hari Tua or THT), healthcare program
pasca kerja dan lainnya. Kontribusi karyawan for retirement and other benefits. Employees’
terhadap dana THT adalah sebesar 1,35% dikali contributions are 1.35% of their net wages for old-
gaji bersih dan kontribusi Bank besarnya 3 kali dari age retirement benefits and the Bank contributes 3
kontribusi peserta. Aset Program Lainnya times the employees’ contributions. The other plan
diadministrasikan dan dikelola oleh Yayasan assets are being administered and managed by
Kesejahteraan Pegawai PT Bank Tabungan Yayasan Kesejahteraan Pegawai PT Bank
Negara (YKPBTN). Tabungan Negara (YKPBTN).
Program pensiun iuran pasti Defined contribution plan
Selain program pensiun manfaat pasti, Bank juga Other than the defined benefit plans, the Bank also
menyelenggarakan Program Pensiun Iuran Pasti has a defined contribution pension plan with
yang pesertanya adalah pegawai aktif Bank sejak participants consisting of the Bank’s entire active
September 2004. Program Pensiun ini dikelola oleh employees since September 2004. This defined
Dana Pensiun Lembaga Keuangan PT Bank contribution pension plan is managed by Dana
Negara Indonesia (Persero) Tbk (DPLK). Kontribusi Pensiun Lembaga Keuangan PT Bank Negara
atas iuran karyawan terhadap Program Pensiun Indonesia (Persero) Tbk (DPLK). Contribution of
Iuran Pasti sebesar 25% dari jumlah iuran. employees in the defined contribution pension plan
is 25% of the total contribution.
Imbalan kerja jangka panjang lainnya Other long-term employee benefits
a. Bank juga memberikan imbalan kerja kepada a. The Bank also provides employee benefits in
pegawai berupa Masa Persiapan Pensiun the form of retirement preparation period
(MPP) yaitu suatu jangka waktu tertentu (MPP), which is defined as a certain period of
sebelum usia pensiun jabatan pegawai yang time before an employee reaches retirement
membebaskan pegawai dari tugas-tugas rutin age in which an employee is released from
sebagaimana pegawai aktif dimana pegawai routine duties as active employee and no
tidak masuk kerja dengan tetap memperoleh longer reports for work but still receives
fasilitas kepegawaian yang ditentukan, specified employee benefits, which consist of:
meliputi: gaji, fasilitas kesehatan, tunjangan salary, health benefits, religion holiday
hari raya keagamaan, cuti tahunan (jika pada benefits, annual leave (if there is active
periode tahun berjalan masih terdapat masa employee’s working period in the current
kerja pegawai aktif), cuti besar (jika year), long leaves (if the calculation of the long
perhitungan cuti besarnya jatuh tempo pada leave falls within the retirement preparation
periode MPP), uang duka dan santunan duka. period) and family death benefits. Employees
Pegawai yang berhak mendapatkan MPP entitled for the MPP are active employees
adalah pengawai yang bekerja 1 tahun within one year from the normal pension age,
sebelum pengawai mencapai usia pensiun which ranges from 55 to 56 years old.
normal, yaitu mulai usia 55 tahun sampai
dengan usia 56 tahun.
159
37. IMBALAN KERJA (lanjutan) 37. EMPLOYEE BENEFITS (continued)
Imbalan kerja jangka panjang lainnya (lanjutan) Other long-term employee benefits (continued)
b. Bank juga memberikan jasa produksi kepada b. The Bank also provides production service
karyawan yang memiliki kualifikasi dan untuk benefit to its qualified employees, and for each
setiap periode laporan dicadangkan dan diakui reporting period, provides and recognizes as
sebagai beban pada periode berjalan yang expense in the current period, the amount it
jumlahnya diestimasi berdasarkan persentase estimated based on a certain percentage of
tertentu atas laba bersih yang telah ditetapkan net income, which has been approved by the
oleh pemegang saham dalam Rapat Umum stockholders in the Annual Stockholders’
Pemegang Saham mengenai Rencana Kerja General Meeting regarding the Bank’s Annual
dan Anggaran Perusahaan (RKAP). Budget and Work Plan (RKAP).
c. Bank memberikan program Santunan Purna c. The Bank provides post-work benefit program to
Jabatan kepada Direksi, Komisaris dan the Board of Directors, Board of
Sekretaris Komisaris yang aturan Commissioners and the Commissioners’
pelaksanaannya mengacu kepada hasil Secretary which is implemented by referring to
keputusan Rapat Umum Pemegang Saham the decision in the Annual Stockholders’
pada tanggal 15 Januari 2003. Keputusan General Meeting held on January 15, 2003.
rapat tersebut mengatur, antara lain, Santunan The decision of such meeting provides, among
Purna Jabatan diberikan dalam others, that post-work benefits be given
pengikutsertaan dalam program asuransi atau through an insurance program or pension
tabungan pensiun yang beban premi/iuran savings with annual insurance
tahunannya ditanggung oleh Bank. Sedangkan premium/contribution being paid by the Bank.
besaran premi atau iuran tahunan yang The annual insurance premium/contribution
ditanggung adalah maksimal 25% dari paid amounted to a maximum of 25% of the
gaji/honorarium dalam satu tahun dan jumlah annual salary/fee and should be disclosed in
tersebut harus dicantumkan dalam Rencana the Bank’s RKAP for each budget year and
Kerja dan Anggaran Perusahaan (RKAP) Bank recorded as an expense in the current year.
setiap tahun anggaran dan diakui sebagai
beban pada periode berjalan.
Perhitungan aktuaris atas kewajiban program The actuarial valuation of the Bank’s retirement
pensiun Bank pada tanggal 31 Desember 2013, plans as of December 31, 2013, 2012, and 2011 is
2012 dan 2011 adalah berdasarkan laporan based on the actuarial reports dated January 10,
aktuaris tanggal 10 Januari 2014, 14 Januari 2013 2014, January 14, 2013 and February 9, 2012, of
dan 9 Februari 2012 dari aktuaris independen Bestama Aktuaria, an independent actuary.
Bestama Aktuaria.
Asumsi-asumsi utama yang digunakan dalam The key assumptions used in the actuarial
perhitungan aktuaris adalah sebagai berikut: calculations are as follows:
2013 2012 2011

Tingkat bunga teknis 8,50% 5% 6% Annual discount rate
Tingkat kenaikan penghasilan dasar Basic pensionable annual
pensiun 6% 6% 9% salary increase rate
Tingkat mortalita (kematian) GAM-1971 GAM-1971 GAM-1971 Mortality rate
Tingkat cacat 0.05% 0,05% 0,05% Assumed disability rate
Tingkat pengunduran diri untuk usia: Retirement rate per year for ages:
<46 5% 5% 5% <46
46-50 3% 3% 5% 6-50
51 4% 4% 5% 51
52 5% 5% 5% 52
53 6% 6% 5% 53
54 7% 7% 5% 54
55 9% 9% 5% 55
160
Berikut adalah ringkasan komponen dari status The following summarizes the components of the
pendanaan pada tanggal-tanggal 31 Desember funded status as of December 31, 2013, 2012, and
2013, 2012, dan 2011 dan biaya imbalan kerja 2011 and the employee benefits expense
yang diakui dalam laporan laba rugi untuk tahun recognized in the statements of comprehensive
yang berakhir pada tanggal-tanggal tersebut: income for the years then ended:
a. Imbalan kerja - neto adalah sebagai berikut: a. Net retirement assets are as follows :
2013 2013
Program Pensiun/ Program Lainnya/

Pension Plan Other Benefits Total
Present value of retirement

Liabilitas kini 912.252 557.630 1.469.882 obligation
Nilai wajar aset program 1.187.799 597.024 1.784.823 Fair value of plan assets
Status pendanaan 275.547 39.394 314.941 Funded status

Kerugian aktuarial
ditangguhkan (144.029) (12.774) (156.803) Deferred actuarial loss
Kelebihan nilai wajar aset 131.518 26.620 158.138 Excess of assets’ fair value
2012 2012

Present value of retirement

Liabilitas kini 1.516.188 635.942 2.152.130 obligation
Status pendanaan (336.059) (75.534) (411.593) Funded status

Keuntungan aktuarial
ditangguhkan 459.780 85.393 545.173 Deferred actuarial gain
Kelebihan nilai wajar aset 123.721 9.859 133.580 Excess of assets’ fair value
2011 2011
Program Pensiun/ Program Lainnya/ Jumlah/

Liabilitas kini 1.407.838 566.712 1.974.550 Present value of obligation

Status pendanaan (395.583) (56.804) (452.387) Funded status

Keuntungan aktuarial
ditangguhkan 512.594 78.405 590.999 Deferred actuarial gain
Kelebihan nilai wajar aset 117.011 21.601 138.612 Excess of assets fair value
Tidak ada aset yang diakui di laporan posisi The above net retirement assets were not
keuangan karena ketentuan untuk pengakuan aset recognized in the statements of financial position
yang disyaratkan dalam standar akuntansi tidak as the assets did not meet the recognition criteria
terpenuhi. under the accounting standards.
161
b. Biaya imbalan kerja b. Employee benefits expense
2013 2013
Biaya jasa kini 26.094 20.845 46.939 Current service cost

Kontribusi Pegawai (7.417) (7.620) (15.037) Contributions by employess
Biaya bunga 77.932 32.687 110.619 Interest cost
Amortisasi keuntungan Amortization of deferred
aktuarial ditangguhkan 34.969 2.708 37.677 actuarial gain
Pengembangan aset program (106.212) (38.892) (145.104) Assets program development
Beban imbalan kerja - neto 25.366 9.728 35.094 Employee benefits expense - net
2012 2012

Kontribusi Pegawai (7.260) (3.910) (11.170) Employee Contributions
aktuarial ditangguhkan 39.757 2.522 42.279 actuarial gain
2011 2011

Kontribusi Pegawai (6.985) (3.765) (10.750) Employee Contributions
aktuarial ditangguhkan 4.211 - 4.211 actuarial gain
c. Mutasi atas Kelebihan nilai wajar aset atas c. Movements in excess of fair value of plan
liabilitas untuk imbalan kerja assets over liability for employee benefits
2013 2013
Saldo pada awal tahun 123.721 9.859 133.580 Balance at beginning of year
Beban imbalan kerja Employee benefits expense
tahun berjalan (25.366) (9.728) (35.094) during the year
Kontribusi Bank Contribution by the Bank
tahun berjalan 33.163 26.489 59.652 during the year
Saldo pada akhir tahun 131.518 26.620 158.138 Balance at end of year
162
2012 2012

2011 2011

d. Mutasi nilai kini liabilitas pensiun adalah d. The movements in the present value of
sebagai berikut: retirement obligation are as follows:
2013 2013
Saldo pada awal tahun 1.516.188 635.942 2.152.130 Balance at beginning of year
Beban bunga 77.932 32.687 110.619 Interest cost
Manfaat yang dibayarkan (54.892) (33.709) (88.601) Benefits paid
Keuntungan aktuaria (653.070) (98.135) (751.205) Actuarial gain
Saldo pada akhir tahun 912.252 557.630 1.469.882 Balance at end of year
2012 2012

Kerugian aktuaria 25.677 35.387 61.064 Actuarial loss
Saldo pada akhir tahun 1.516.188 635.942 2.152.130 Balance at end of year
163
2011 2011

Kerugian aktuaria 100.223 119.509 219.732 Actuarial loss
e. Mutasi nilai wajar aset program adalah e. The movements in the fair value of plan assets
sebagai berikut: are as follow:
2013 2013

Tingkat pengembalian yang
diharapkan atas aset Expected return
program 106.212 38.892 145.104 on plan assets
Kontribusi Bank 40.579 34.109 74.688 Contributions by the Bank
Kerugian aktuaria (84.229) (2.676) (86.905) Actuarial loss
2012 2012
Tingkat pengembalian yang Expected return
diharapkan atas aset on plan
program 127.848 35.388 163.236 asset
Keuntungan aktuaria 38.733 25.875 64.608 Actuarial gain
2011 2011
Saldo pada awal tahun 929.267 472.761 1.402.028 Balance at beginning of year
Tingkat pengembalian yang
diharapkan atas aset Expected return
program 75.328 37.821 113.149 plan asset
Keuntungan aktuaria 2.270 5.023 7.293 Actuarial gain
164
f. Saldo imbalan kerja untuk posisi 31 Desember f. Balance of employee benefits as of

2013 dan posisi selama empat tahun December 31, 2013 and previous four years
sebelumnya: are as follows:
Program Pensiun/Pension Plan
2013 2012 2011 2010 2009

_____ _ _ _____________________
Nilai kini dari kewajiban Present value of

pensiun 912.252 1.516.188 1.407.838 836.982 721.635 retirement obligation
Nilai wajar aset program 1.187.798 1.180.129 1.012.255 816.433 602.406 Fair value of plan assets
___ _____ _ ____________________
Status pendanaan 275.546 (336.059) (395.583) 20.549 119.229 Funded status
Penyesuaian pada Experience adjustments

kewajiban pensiun (156.555) 40.148 (475.456) (1.389) (111.743) on retirement obligation
aset program (84.229) 38.734 2.269 40.847 46.534 on plan asset
Perubahan asumsi (496.515) (14.471) 575.679 (154.788) - Change in assumptions
Program Lainnya/Other Benefits
2013 2012 2011 2010 2009

_____ _ _ _____________________

pensiun 557.630 635.942 566.712 472.761 418.274 retirement obligation
Nilai wajar aset program 597.024 560.408 509.908 414.873 329.946 Fair value of plan assets
___ _____ _ _____________________

kewajiban pensiun 77.941 (55.230) 54.153 (80.143) (26.575) on retirement obligation
Perubahan asumsi (176.076) 90.617 65.356 (16.106) 4.244 Change in assumptions
Total Program Pensiun dan Program Lainnya/

Total of Pension Plan and Other Benefits
2013 2012 2011 2010 2009
_____

Pensiun 1.469.882 2.152.130 1.974.550 1.309.744 1.139.909 retirement obligation
Nilai wajar aset program 1.784.822 1.740.537 1.522.163 1.231.306 932.352 Fair value of plan assets
_____

kewajiban pensiun (78.614) (15.082) (421.303) (81.532) (138.318) on retirement obligation
Perubahan asumsi (672.591) 76.146 641.035 (170.894) 4.244 Change in assumptions
165
g. Kategori utama dari asset program sebagai g. The major categories of plan assets as a
presentase dari nilai wajar total aset program percentage of the fair value of total plan assets are
adalah sebagai berikut: as follows:
2013 2013
Pension Plan Other Benefits
Instrumen liabilitas 78,28% 51,67% Debt instruments

Simpanan pada bank lain 9,84% 25,77% Deposits with other banks
Instrumen ekuitas 11,48% 8,06% Equity instruments
Properti 0,40% 14,50% Properties
100% 100%
2012 2012

100% 100%
2011 2011

100% 100%
h. Tabel berikut ini menyajikan bagian dari h. The following table shows the portion of the plan
portofolio investasi aset program yang assets invested in the Bank’s financial instruments:
ditempatkan dalam bentuk instrumen
keuangan Bank:
2013 2012 2011 2013 2012 2011
Instrumen liabilitas 891.782 82.437 78.304 311.464 22.355 22.355 Debt instruments
Simpanan pada
bank lain 112.119 17.500 10.500 155.340 19.600 8.330 Deposits with other banks
Instrumen ekuitas 135.282 2.066 2.602 135.935 3.014 16.223 Equity instruments
Total 1.139.183 102.003 91.406 602.739 44.969 46.908 Total
166
i. Tabel dibawah ini menyajikan sensitivitas i. The following table demonstrates the
biaya bunga dan biaya jasa kini pada sensitivity of interest cost and current service
perubahan wajar dalam suku bunga pasar, cost to reasonably possible change in market
dengan asumsi variabel lain dianggap tetap, interest rates, with all variables held constant,
pada 31 Desember 2013. as of December 31, 2013.
2013 2013
Biaya Bunga/ Biaya Jasa Kini/

Interest Cost Current Service Cost
Program Pensiun/ Program Lainnya / Program Pensiun/ Program Lainnya/

Pension Plan Other Benefits Pension Plan Other Benefits
Kenaikan tingkat bunga diskonto Increase in discount rate

100 basis poin 15.162 6.359 22.751 18.723 by 100 basis point
Penurunan tingkat bunga diskonto Decrease in discount rate
100 basis poin (15.162) (6.359) 30.199 20.677 by 100 basis point
2012 2012


100 basis poin 14.078 5.667 9.117 2.339 by 100 basis point
100 basis poin (14.078) (5.667) 12.067 2.686 by 100 basis point
2011 2011


100 basis poin 12.148 4.149 490 157 by 100 basis point
100 basis poin (12.148) (4.149) (490) (157) by 100 basis point
Bank telah membentuk cadangan imbalan kerja atas The Bank provides estimated liability for defined
Program Pensiun Iuran Pasti dan Program Masa contribution pension plans and employee’s
Persiapan Pensiun (MPP). Jumlah liabilitas Retirement Preparation Period (MPP) benefits. As
cadangan imbalan kerja dari kedua program of December 31, 2013, 2012 and 2011, the
tersebut berdasarkan hasil perhitungan aktuaris employee benefits liability on both programs based
independen, Bestama Aktuaria adalah sebesar on the calculation of the independent actuary,
Rp115.016, Rp112.464, dan Rp105.297 masing- Bestama Aktuaria, amounted to Rp115,016,
masing pada tanggal 31 Desember 2013, 2012 dan Rp112,464, and Rp105,297, respectively
2011 (Catatan 24). Sedangkan beban imbalan kerja (Note 24). The related employee benefits expense
karyawan sebesar Rp27.590, Rp27.811, dan amounting to Rp27,590, Rp27,811, and Rp53,269
Rp53.269 dibebankan pada laporan laba rugi are recorded in the statements of comprehensive
komprehensif tahun yang berakhir pada tanggal income for period ended December 31, 2013, 2012
31 Desember 2013, 2012 dan 2011. and 2011, respectively.
167
38. PELAPORAN SEGMEN 38. SEGMENT REPORTING
Informasi segmen usaha berdasarkan jenis usaha: Segment information based on business type is as
follows:
2013
Konvensional/ Syariah/ Eliminasi/

Conventional Sharia Elimination Total
Pendapatan segmen 10.392.786 390.091 - 10.782.877 Segment income

Beban segmen (5.120.843) (8.711) - (5.129.554) Segment expenses
Pendapatan segmen - neto 5.271.943 381.380 - 5.653.323 Segment Income - net
Pendapatan operasional
lainnya 713.736 50.247 - 763.983 Other operating income
Pembalikan (penyisihan) kerugian Reversal of (provision for)

Penurunan nilai for impairment
aset keuangan dan losses on financial assets
non-aset keuangan (439.694) 9.405 - (430.289) and non-financial assets
Beban estimasi Estimated losses on
kerugian komitmen dan commitments and
kontinjensi - (2.066) - (2.066) contingencies
Beban operasional lainnya (3.698.472) (150.570) - (3.849.042) Other operating expenses
Laba operasional 1.847.513 288.396 - 2.135.909 Income from operations

Pendapatan (beban) bukan Non-operating income
operasional - neto 63.948 (59.086) - 4.862 (expenses) - net
Beban pajak - neto (578.610) - - (578.610) Tax expense - net
Laba tahun berjalan 1.332.851 229.310 - 1.562.161 Income for the year
Total aset 222.409.192 9.551.176 (100.790.638) 131.169.730 Total assets
2012


Penyisihan kerugian penurunan Provision for impairment
nilai aset keuangan dan losses on financial assets
non-aset keuangan (127.730) (84.894) - (212.624) and non-financial assets
kontinjensi - (1.159) - (1.159) contingencies
Laba operasional 1.695.183 175.786 - 1.870.969 Income from operations

operasional - neto 28.010 (35.777) - (7.767) (expenses) - net
168
38. PELAPORAN SEGMEN (lanjutan) 38. SEGMENT REPORTING (continued)
Informasi segmen usaha berdasarkan jenis usaha Segment information based on business type is as
(lanjutan): follows (continued):
2011


Penyisihan kerugian penurunan Provision for impairment
nilai aset keuangan dan losses on financial assets
non-aset keuangan (99.652) (9.910) - (109.562) and non-financial assets
kontinjensi 60.782 (3.244) - 57.538 contingencies
Laba operasional 1.369.244 156.505 - 1.525.749 Income from Operations

operasional - neto 76.154 (79.643) - (3.489) (expenses) - net
39. JAMINAN PEMERINTAH TERHADAP 39. GOVERNMENT GUARANTEES ON THE

KEWAJIBAN PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS
Berdasarkan Keputusan Presiden Republik Based on Article 8 of the Decision No. 15 year
Indonesia No. 15 tahun 2004 tentang pengakhiran 2004 of the President of the Republic of Indonesia
tugas dan pembubaran BPPN, dinyatakan dalam regarding the termination of the role and winding-
pasal 8 bahwa dengan diakhirinya tugas dan up of IBRA, the Government Guarantee Program
dibubarkannya BPPN, Program Penjaminan on the obligations of domestic banks which was
Pemerintah terhadap kewajiban pembayaran bank originally handled by IBRA based on the Decisions
umum yang semula dilakukan oleh BPPN of the President of the Republic of Indonesia
berdasarkan Keputusan Presiden Republik No. 26 year 1998 and No. 27 year 1998 would be
Indonesia No. 26 tahun 1998 dan Keputusan handled by the Ministry of Finance, specifically by
Presiden Republik Indonesia No. 27 tahun 1998, the Government Guarantee Implementation Unit
selanjutnya dilaksanakan oleh Menteri Keuangan (Unit Pelaksanaan Penjaminan Pemerintah) (UP3)
melalui Unit Pelaksanaan Penjaminan Pemerintah as provided in the Decision of the President of the
(UP3) sebagaimana diatur oleh Keputusan Republic of Indonesia No. 17 year 2004, which was
Presiden Republik Indonesia No. 17 tahun 2004, further regulated by the Decision
yang diatur lebih lanjut dengan Keputusan Menteri No. 84/KMK.06/2004 dated February 27, 2004 of
Keuangan No. 84/KMK.06/2004 tanggal the Ministry of Finance regarding the Amendment
27 Februari 2004 tentang Perubahan atas of Decision No. 179/ KMK.017/2000 of the Ministry
Keputusan Menteri Keuangan Republik Indonesia of Finance on the Terms, Implementing Guidelines,
No. 179/KMK.017/2000 tentang Syarat, Tatacara and Conditions of the Government Guarantees on
dan Ketentuan Pelaksanaan Jaminan Pemerintah the obligations of commercial banks.
terhadap Kewajiban Pembayaran Bank Umum.
169
39. JAMINAN PEMERINTAH TERHADAP 39. GOVERNMENT GUARANTEES ON THE

KEWAJIBAN PEMBAYARAN BANK UMUM OBLIGATIONS OF COMMERCIAL BANKS
Program Penjaminan Pemerintah melalui UP3 The Guarantee Program by the Government
telah berakhir pada tanggal 22 September 2005, through UP3 ended on September 22, 2005, as
sebagaimana dinyatakan dalam Peraturan Menteri stated in Regulation No. 68/PMK.05/2005 dated
Keuangan Republik Indonesia No. 68/PMK.05/2005 August 10, 2005 of the Ministry of Finance
tanggal 10 Agustus 2005 tentang Perhitungan Dan concerning the Calculation and Payments of
Pembayaran Premi Program Penjaminan Terhadap Premium on Guarantee Program from Commercial
Pembayaran Bank Umum untuk periode 1 Juli Banks for the period July 1 to September 21, 2005.
sampai 21 September 2005. Sebagai pengganti To replace UP3, based on Law No. 24 year 2004
UP3 Pemerintah telah membentuk Lembaga dated September 22, 2004 of the Republic of
Independen, yaitu Lembaga Penjamin Simpanan Indonesia regarding the establishment Deposit
(LPS) berdasarkan Undang-undang Republik Insurance Corporation (LPS by the government),
Indonesia No. 24 tahun 2004 tanggal 22 September which is an independent institution to guarantee
2004 tentang Lembaga Penjamin Simpanan public funds including funds from other banks in the
dimana LPS menjamin dana masyarakat termasuk form of demand deposits, time deposits, certificates
dana dari bank lain dalam bentuk giro, deposito, of deposit, savings deposits and/or other equivalent
sertifikat deposito, tabungan dan/atau bentuk form.
lainnya yang dipersamakan dengan itu.
Suku bunga penjaminan LPS pada tanggal Interest rate from the establishment Deposit
31 Desember 2013, 2012 dan 2011 masing-masing Insurance Corporation (LPS by the Government)
adalah sebesar 7,25%, 5,5%, dan 6,5% untuk on December 31, 2013, 2012 and 2011 for deposits
simpanan dalam mata uang Rupiah, dan masing- denominated in rupiah amounting to 7.25%, 5.5%,
masing sebesar 1,5%, 1,0%, dan 1,5% untuk and 6.5% respectively and for deposits in foreign
simpanan dalam mata uang asing. currencies amounting to 1.5%, 1.0%, and 1.5%
respectively.
Pada tahun yang berakhir pada tanggal The Bank paid a premium on the guarantee
31 Desember 2013, 2012, dan 2011, Bank telah program amounting to Rp175,419, Rp134,876 and
membayar premi program penjaminan masing- Rp105,693 for the years ended December 31,
masing sebesar Rp175.419, Rp134.876 dan 2013, 2012 and 2011, respectively.
Rp105.693.
40. TRANSAKSI DENGAN PIHAK-PIHAK BERELASI 40. TRANSACTIONS WITH RELATED PARTIES
Dalam kegiatan usaha normal, Bank melakukan In the normal course of business, the Bank entered
transaksi dengan pihak-pihak berelasi. Transaksi into transactions with related parties. Transactions
dengan pihak-pihak berelasi tersebut dilaksanakan with related parties were conducted under terms
dengan syarat dan kondisi yang sama and conditions similar to those granted to third
sebagaimana dilakukan dengan pihak yang tidak parties, with the exception of loans granted to the
mempunyai hubungan istimewa, kecuali untuk Bank’s key management personnel.
kredit yang diberikan pada para karyawan kunci.
Tabel di bawah menunjukkan rincian pihak-pihak The table below details the related parties with of
berelasi dengan Bank beserta sifat dari transaksi the Bank along with the nature of transactions
yang dilakukan oleh Bank tersebut pada tahun entered into by the Bank during 2013, 2012, and
2013, 2012, dan 2011: 2011:
170
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/

Related parties Type of relationship Nature of related party transactions
PT Bank Mandiri (Persero) Tbk Kepemilikan melalui pemerintah Giro pada bank lain . efek-efek, dan efek-
pusat/ Ownership through the efek yang dijual dengan janji dibeli
Central Government of the kembali / Current accounts with other
Republic of Indonesia banks, securities, and securities sold
under repurchase agreement
PT Bank Negara Indonesia (Persero) Tbk Kepemilikan melalui pemerintah Giro pada bank lain /
pusat/ Ownership through the Current accounts with other banks
Central Government of the
Republic of Indonesia
PT Bank Rakyat Indonesia (Persero) Tbk Kepemilikan melalui pemerintah Giro pada bank lain, penempatan pada
pusat/ Ownership through the bank lain dan simpanan dari bank lain /
Central Government of the Current accounts with other banks,
Republic of Indonesia placements with other banks and deposits
from other banks
PT Bank BRISyariah Kepemilikan melalui pemerintah Giro pada bank lain dan penempatan
pusat/ Ownership through the pada bank lain / Current accounts with
Central Government of the other banks and placements with other
Republic of Indonesia banks
PT Bank Syariah Mandiri Kepemilikan melalui pemerintah Giro pada bank lain, penempatan pada
pusat/ Ownership through the lain, dan simpanan dari bank lain /
Central Government of the Current accounts with other
Republic of Indonesia banks,placement with other banks and
deposits from other banks
PT Indosat Tbk Kepemilikan melalui pemerintah Efek-efek / Securities

pusat/ Ownership through the
PT Perusahaan Listrik Negara (Persero) Kepemilikan melalui pemerintah Efek-efek / Securities
PT Pertamina (Persero) Pengendalian melalui Efek-efek/Securities

Pemerintah pusat/Control
through the Central Government
of the Republic of Indonesia
PT Jasa Marga (Persero) Tbk Kepemilikan melalui pemerintah Efek-efek / securities

PT Sarana Multi Griya Finance Kepemilikan melalui pemerintah Pinjaman yang diterima dan efek-efek/
pusat/ Ownership through the Fund borrowings and securities issued
Brantas Abipraya Kepemilikan melalui pemerintah Kredit yang diberikan dan
pusat/ Ownership through the pembiayaan/piutang syariah / Loans and
Central Government of the sharia financing receivables
Perusahaan Daerah Kab. Parigi Mautong Kepemilikan melalui pemerintah Kredit yang diberikan dan
pusat/ Ownership through the pembiayaan/piutang syariah / Loans and
171
Pihak-pihak berelasi/ Jenis hubungan/ Unsur transaksi pihak berelasi/

Related parties Type of relationship Nature of related party transactions
Perusda Kota Palu Kepemilikan melalui pemerintah Kredit yang diberikan dan
pusat/Ownership through the pembiayaan/piutang syariah/Loans and
PT Indra Karya Pengendalian melalui Kredit yang diberikan dan

Pemerintah pusat/Control pembiayaan/piutang syariah/Loans and
through the Central Government sharia financing/receivables
PT Nindya Karya Pengendalian melalui Kredit yang diberikan dan

PT PNM Persero Pengendalian melalui Kredit yang diberikan dan

through the CentralGovernment sharia financing/receivables
PT Binayasa Putra B Pengendalian melalui Kredit yang diberikan dan

PT Adhi Realty Pengendalian melalui Kredit yang diberikan dan

PT Brantas Abipraya Pengendalian melalui Kredit yang diberikan dan

Perusda Kelistrikan dan Sumber Daya Pengendalian melalui Kredit yang diberikan dan
Energi (KSDE) Pemerintah pusat/Control pembiayaan/piutang syariah/Loans and
172
a. Transaksi dengan pihak berelasi karena a. Transactions with entities related to the
hubungan kepemilikan dan/atau kepengurusan government of the Republic of Indonesia.
dengan pemerintah Republik Indonesia:
Tabel berikut menunjukkan jumlah agregat dari The following table shows the aggregate amounts
transaksi pihak yang berelasi karena hubungan of transactions with entities related to the
kepemilikan dan/atau kepengurusan pemerintah ownership of management of the Government of
Republik Indonesia pada tanggal 31 Desember the Republic of Indonesia as of December 31,
2013, 2012 dan 2011: 2013, 2012 and 2011:
2013 2012 2011
Aset Assets
Current accounts with other banks
Giro pada bank lain (Catatan 6) 56.572 10.917 8.085 other banks (note 6)
Penempatan pada Bank Indonesia Placements with Bank Indonesia
dan bank lain (catatan 7) 5.000 205.000 150.000 and other banks (note 7)
Efek-efek (catatan 8) 85.679 108.409 106.050 Securities (note 8)
Obligasi pemerintah (catatan 9) 8.384.960 7.468.930 7.106.814 Government bonds (note 9)
Kredit yang diberikan dan Loans and sharia financing/
pembiayaan/piutang syariah receivables
(catatan 10) 251.648 99.709 518.394 (note 10)
Total aset untuk pihak-pihak

berelasi 8.783.859 7.892.965 7.889.343 Total assets to related parties

nilai dari pihak-pihak berelasi (891) (3.244) (7.751) for related parties
Total dari aset pihak-pihak berelasi Total assets from related parties
- neto 8.782.968 7.889.721 7.881.592 - net
Persentase total aset pihak Percentage of total assets from

berelasi terhadap total aset 6,70% 7,06% 8,84% related parties to total assets
Liabilitas Liabilities
Simpanan dari nasabah

(Catatan 15,16 dan 17) 45.047.844 36.098.225 26.173.692 Deposits (Notes 15,16, and 17)
Simpanan dari bank lain (Catatan 18) 5.743 37.738 10.228 Deposits from other banks (Note 18)
Efek-efek yang dijual dengan Securities sold under repurchase
janji dibeli kembali (Catatan 19) - - 758.704 agreements (Note 19)
Pinjaman yang diterima (Catatan 21) 4.119.413 3.571.646 2.292.506 Fund borrowings (Note 21)
Total liabilitas untuk pihak-

pihak berelasi 49.173.000 39.707.609 29.235.130 Total liabilities to related parties
Persentase total liabilitas pihak Percentage of total liabilities from

berelasi terhadap total liabilitas 41,11% 39,12% 35,74% related parties to total liabilities
Pendapatan bunga dan Interest income and income

bagi hasil from profit sharing
dan bank lain 25.188 14.990 10.494 and other banks
pembiayaan/piutang syariah 16.215 20.188 27.958 receivables
Total pendapatan bunga dan Total interest income and income

bagi hasil dari pihak-pihak from profit sharing from
berelasi 459.153 344.191 449.477 related parties
Persentase terhadap total Percentage to total interest

pendapatan bunga dan bagi income and income from
hasil 8,12% 7,28% 11,87% profit sharing
173
2013 2012 2011
Beban bunga dan bonus Interest and bonus expenses

Simpanan dari nasabah 961.414 716.027 576.399 Deposits
Simpanan dari bank lain - 468 - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under repurchase
janji dibeli kembali - 9.363 13.870 agreements
Total beban bunga dan bonus Total interest and bonus expenses
dari pihak berelasi 1.251.242 959.060 769.470 from related parties

beban bunga dan bonus 24,39% 23,44% 20,41% and bonus expense
b. Transaksi dengan manajemen kunci: b. Transactions with key management personnel:
2013 2012 2011
Aset Assets
Kredit yang diberikan dan piutang/ Loan and sharia
pembiayaan syariah (Catatan 10) 45.267 34.626 21.028 financing/receivables (Note 10)

nilai dari pihak-pihak berelasi (32) (19) (220) for related parties
Total kredit yang diberikan dan Total loan and sharia financing/
piutang/pembiayaan syariah receivabless from key
dari manajemen kunci 45.235 34.607 20.808 management personnel
Persentase terhadap total asset 0,03% 0,03% 0,02% Percentage to total assets
Simpanan dari nasabah

(Catatan 15,16 dan 17) 23.071 28.078 24.868 Deposits (Notes 15,16, and 17)
Persentase terhadap total liabilitas 0,02% 0,03% 0,03% Percentage to total liabilities
Pendapatan bunga dan Interest income and income

bagi hasil from profit sharing
pembiayaan/piutang syariah 3.519 2.081 1.685 receivables

pendapatan bunga dan bagi income and income from
hasil 0,06% 0,04% 0,04% profit sharing
Beban bunga dan bonus Interest and bonus expenses

Simpanan dari nasabah 650 954 938 Deposits

beban bunga dan bonus 0,01% 0,02% 0,02% and bonus expense
174
c. Kompensasi manajemen kunci: c. Compensation of key management personnel:
Jumlah aggregat dari kompensasi terhadap The aggregate compensation of key

manajemen kunci Bank pada 2013, 2012, dan management personnel of the Bank in 2013,
2011 adalah sebagai berikut: 2012, and 2011 follows:
2013 2012 2011
Imbalan kerja jangka pendek 152.085 129.600 107.951 Short-term emlpoyee benefits
Imbalan pasca kerja 141.435 124.079 127.481 Post-employment benefits
Imbalan jangka panjang lainnya 2.511 1.754 1.179 Other long-term benefits
Kompensasi berbasis saham - 42 11 Share-based payments
Total 296.031 255.475 236.622 Total
Persentase terhadap total beban Percentage to total interest

gaji dan tunjangan karyawan 18,35% 17,18% 17,90% and employee benefits
Dewan komisaris dan Direksi, Kepala divisi The Bank considers the members of the Boards
Dan Kepala Cabang merupakan personel of Commissioners and Directors, Division heads
merupakan personel Manajemen kunci Bank. and Branch Heads as its key management
personnel
41. ASET DAN LIABILITAS MONETER DALAM 41. ASSETS AND LIABILITIES DENOMINATED IN
MATA UANG ASING FOREIGN CURRENCIES
Posisi Devisa Neto Net Open Position
Perhitungan Posisi Devisa Neto (PDN) didasarkan The Net Open Position (NOP) is calculated based
pada Peraturan Bank Indonesia No. 6/20/PBI/2004 on Bank Indonesia Regulation No. 6/20/ PBI/2004
tanggal 15 Juli 2004 sebagaimana telah diubah dated July 15, 2004 which was last amended by
terakhir dengan Peraturan Bank Indonesia Bank Indonesia Regulation No. 12/10/PBI/2010
No. 12/10/PBI/2010 tanggal 1 Juli 2010. dated July 1, 2010. Based on this regulation, the
Berdasarkan peraturan tersebut, Bank diwajibkan Bank is required to maintain Net Open Position
untuk menjaga rasio PDN laporan posisi keuangan ratio of the overall statements of financial position
dan secara keseluruhan maksimum 20% dari at a maximum of 20% of the total capital. The NOP
jumlah modal. PDN adalah penjumlahan nilai is the sum of the absolute values, which are stated
absolut yang dinyatakan dalam Rupiah dari selisih in Rupiah, of the net difference between the assets
bersih antara aset dan liabilitas dalam mata uang and liabilities denominated in each foreign
asing dan selisih bersih dari tagihan dan liabilitas currency and the net difference of the receivables
komitmen dan kontinjensi yang dicatat dalam and payables of both commitments and
rekening administratif yang didenominasi dalam contingencies recorded in the administrative
setiap mata uang asing. accounts denominated in each foreign currency.
175
41. ASET DAN LIABILITAS MONETER DALAM 41. ASSETS AND LIABILITIES DENOMINATED IN
MATA UANG ASING (lanjutan) FOREIGN CURRENCIES (continued)
PDN Bank pada tanggal-tanggal 31 Desember The Bank’s NOP as of December 31, 2013, 2012,
2013, 2012, dan 2011: and 2011 are as follows:
2013
Aset/ Liabilitas/ Posisi Devisa Neto/
Assets Liabilities Net Open Position
Laporan posisi keuangan Statement of financial position

Dolar Amerika Serikat 141.713 47.549 94.164 United States Dollar
Euro Eropa 12.494 1 12.493 European Euro
Yen Jepang 10.786 - 10.786 Japanese Yen
Rekening administratif Administrative accounts
Dolar Amerika Serikat 602 10.093 9.491 United States Dollar
Dolar Singapura - 3.274 3.274 Singapore Dollar
104.678
Modal 10.353.005 Capital
NOP ratio (Statement of

Rasio PDN (Laporan posisi keuangan) 1,13% financial position)
Rasio PDN (Rekening administratif) 0,12% NOP ratio (Administrative accounts)
Rasio PDN 1,01% NOP ratio
2012
Aset/ Liabilitas/ Posisi Devisa Neto/

Euro Eropa 28.388 17 28.371 European Euro
Rekening administratif Administrative accounts
Dolar Amerika Serikat 595 8.826 8.231 United States Dollar
65.920

Rasio PDN (Rekening administratif) 0,09% NOP ratio (Administrative accounts)
2011
Aset/ Liabilities/ Posisi Devisa Neto/


Euro Eropa 19.654 - 19.654 European Euro
Dolar Singapura 7 - 7 Singapore Dollar
Rekening Administratif Administrative Accounts

118.833

Rasio PDN (Rekening Administratif) 0,39% NOP ratio (Administrative Accounts)
176
42. RASIO LIABILITAS PENYEDIAAN MODAL 42. MINIMUM REQUIRED CAPITAL ADEQUACY
MINIMUM RATIO (CAR)
Perhitungan CAR Bank pada tanggal The computation of the Bank’s CAR as of
31 Desember 2013, 2012 dan 2011 adalah sebagai December 31, 2013, 2012 and 2011 follows:
berikut:
2013 2012 2011
Modal Inti a 9.878.541 9.038.283 6.584.012 Core Capital

Modal Pelengkap Supplementary Capital
(Maksimal 100% dari (Maximum of 100% of
Modal Inti) b 474.464 394.879 384.354 Core Capital)
Modal Pelengkap Tambahan Additional Supplementary
yang Dialokasikan Capital Allocated
untuk Mengantisipasi for Anticipation
Risiko Pasar c - - - of Market Risk
Jumlah Modal Inti dan Total Core Capital and

Modal Pelengkap d=a+b 10.353.005 9.433.162 6.968.366 Supplementary Capital
Jumlah Modal Inti, Modal Total Core Capital,

Pelengkap dan Modal Supplementary
Pelengkap Tambahan Capital and Additional
yang Dialokasikan Supplementary
untuk Mengantisipasi Capital Allocated for
Risiko Pasar e=c+d 10.353.005 9.433.162 6.968.366 Anticipation of Market Risk
Penyertaan f - - - Investment
Jumlah Modal untuk Total Capital for Credit

Risiko Kredit g=d-f 10.353.005 9.433.162 6.968.366 Risk
Jumlah Modal untuk Risiko Total Capital for Credit
Kredit dan Risiko Pasar h=e-f 10.353.005 9.433.162 6.968.366 Risk and Market Risk
Aset Tertimbang Menurut Risk Weighted Assets
Risiko (ATMR) (RWA) for
Risiko Kredit i 57.748.566 46.581.762 40.939.774 Credit Risk
Risk Weighted Assets
ATMR untuk Risiko Pasar j 283.944 182.400 149.515 (RWA) for Market Risk
Risk Weighted Assets
ATMR untuk risiko operasional k 8.229.190 6.557.227 5.283.745 (RWA) for Operational Risk
Jumlah ATMR untuk Risiko Total Risk Weighted Assets

Kredit dan Risiko (RWA) for Credit Risk and
operasional l=i+k 65.977.756 53.138.989 46.223.519 Operational Risk
Jumlah ATMR untuk Risiko (RWA) for Credit Risk,
Kredit, Risiko Operasional Operational Risk and
dan Risiko Pasar m=i+j+k 66.261.700 53.321.389 46.373.034 Market Risk
CAR untuk Risiko Kredit CAR for Credit Risk

dan Risiko Operasional n=g/l 15,69% 17,75% 15,08% and Operational Risk
CAR untuk Risiko Kredit CAR for Credit Risk,
Risiko Operasional Operational Risk and
dan Risiko Pasar o=g/m 15,62% 17,69% 15,03% Market Risk
CAR Minimum yang

Diwajibkan 8% 8% 8% Minimum CAR
177
43. MANAJEMEN RISIKO 43. RISK MANAGEMENT
Bank portofolio asetnya didominasi oleh Kredit The bulk of the Bank’s loan portofolio consists of
Pemilikan Rumah (KPR) yang dipengaruhi oleh mortgage loans (KPR) that are affected by changes
adanya perubahan iklim bisnis eksternal seperti in the external business environment such as
inflasi dan tingkat BI rate. Upaya meminimalkan inflation and the BI rate. Efforts to minimize the
dampak negatif tersebut dilakukan dengan negative impact is being done through risk
pengelolaan risiko secara day to day risk management activities on a daily basis, with the
management activities, dengan berlandaskan principles of Good Corporate Governance (GCG)
prinsip Good Corporate Governance (GCG) untuk as the basis to ensure that all the processes and
memastikan seluruh proses dan mekanisme yang mechanisms in connection to achieve the Bank’s
terjadi dalam mencapai tujuan perusahaan, objectives, to prevent the bank from deviations and
mencegah perusahaan dari penyimpangan dan risks that can lead to failure in achieving corporate
risiko yang dapat mengakibatkan kegagalan objectives. The principle of prudence is the basis
pencapaian tujuan perusahaan, serta berlandaskan of risk management activities to ensure the healthy
prinsip kehati-hatian untuk memastikan growth of the Bank's performance and
pertumbuhan kinerja Bank yang sehat dan sustainability.
berkesinambungan.
Sebagai tindak lanjut penerapan Pilar 1 Basel II, As a follow up to the implementation of Pillar 1 of
Bank telah mengimplementasikan pengukuran Basel II, the Bank has implemented a credit risk
risiko kredit dengan menggunakan Standardized measurement using the Standardized Approach in
Approach sesuai dengan SE BI No. 13/6/DPNP accordance with SE BI No.13/6/DPNP dated
tanggal 18 Februari 2011 perihal Pedoman February 18, 2011 regarding the Guidelines for
Perhitungan Aset Tertimbang Menurut Risiko Calculation of Risk Weighted Assets (RWA) for
(ATMR) untuk Risiko Kredit dengan Menggunakan Credit Risk by Using Standardized Approach. Apart
Pendekatan Standar. Selain dari itu Bank juga from that, the Bank has been doing the calculation
telah melakukan perhitungan kebutuhan modal of minimum capital requirements using the Basic
minimum dengan menggunakan Basic Indicator Indicator Approach for operational risk in
Approach untuk risiko operasional sesuai dengan accordance with SE BI No. 11/3/DPNP dated
SE BI No. 11/3/DPNP tanggal 27 Januari 2009 January 27, 2009 regarding the calculation of risk
perihal Perhitungan Aset Tertimbang Menurut weighted assets (RWA) for Operational Risk. The
Risiko (ATMR) untuk Risiko Operasional. use of Basic Indicator Approach (BIA) and the
Penggunaan Pendekatan Indikator Dasar (PID) Standardized Model for market risk are in
dan Standardized Model untuk risiko pasar sesuai accordance with SE BI No. 9/33/DPNP dated
dengan SE BI No.9/33/DPNP tanggal 18 Desember December 18, 2007 regarding the Guidelines for
2007 perihal Pedoman Penggunaan Metode the Use of Standardized Method in the Calculation
Standar dalam Perhitungan Kewajiban Penyediaan of Capital Adequacy Ratio on Market Risk for
Modal Minimum Bank Umum dengan Commercial Banks.
Memperhitungkan Risiko Pasar.
Guna melengkapi pengukuran risiko khususnya In measuring risks, particularly market risk and
risiko pasar dan risiko likuiditas, bank melakukan liquidity risk, the Bank conducts stress testing using
stress test terhadap worst case scenario worst case scenario as set forth in the Risk
sebagaimana diatur dalam Pedoman Kebijakan Management Policy Manual (RMPM), which is
Manajemen Risiko (PKMR) yaitu minimal 1 (satu) being carried out at least once a year for credit risk
kali dalam setahun untuk risiko kredit dan setiap and quarterly for liquidity risk. In addition to
triwulan untuk risiko likuiditas. Selain melakukan scenario analysis of the Bank's activities as a
scenario analysis terhadap aktivitas bank secara whole, the Bank also performs scenario analysis on
keseluruhan, bank juga melakukan scenario specific activities, especially new activity, which
analysis terhadap aktivitas tertentu, khususnya could potentially increase the interest rate risk
aktivitas baru, yang berpotensi meningkatkan exposure. Currently, the stress tests conducted by
eksposur risiko suku bunga. Saat ini, stress test the Bank is focused on 3 (three) types of risks,
yang dilakukan oleh bank difokuskan pada 3 (tiga) namely, credit risk, market risk (including interest
jenis risiko yaitu risiko kredit, risiko pasar (termasuk rate risk) and liquidity risk.
di dalamnya risiko suku bunga) dan risiko likuiditas.
178
43. MANAJEMEN RISIKO (lanjutan) 43. RISK MANAGEMENT (continued)
Bank melakukan stress testing secara berkala The Bank conducts periodic stress testing to
untuk menilai kecukupan modal dalam hal assess capital adequacy in anticipation of the
terjadinya kejadian-kejadian risiko yang bersifat occurrence of risk events that are extreme or
ekstrim atau catastrophy. Bank juga telah catastrophic. The Bank also conducts a review of
melakukan kaji ulang terhadap Pedoman Kebijakan the RMPM at least once a year in order to improve
Manajemen Risiko (PKMR) guna meningkatkan the function of the risk control system. Henceforth,
fungsi risk control system minimal 1 (satu) tahun with regard to the implementation of Basel III, the
sekali. Untuk selanjutnya, berkaitan dengan Bank has a plan to implement the Basel III
rencana implementasi Basel III Bank telah framework by involving each working group in
melakukan persiapan penerapan kerangka kerja coordination with Bank Indonesia.
Basel III dan terlibat di dalam working group
masing-masing di bawah koordinasi Bank
Indonesia.
Struktur Manajemen Risiko Risk Management Structure
Tata kelola risiko Bank yang berlandaskan prinsip The Bank’s risk governance, which is based on the
GCG terwujud dari terlibatnya seluruh organ Bank principles of GCG, involves the entire Bank in
dalam pengelolaan manajemen risiko. Hal ini dapat managing risks. This can be seen in the
dilihat dari susunan manajemen risiko Bank. composition of the Bank's risk management
Dewan Komisaris dan Direksi bertanggung jawab organizational structure. The Board of
untuk memastikan penerapan Manajemen Risiko Commissioners (BOC) and Board of Directors
telah memadai sesuai dengan karakteristik, (BOD) are responsible for ensuring the proper
kompleksitas dan profil risiko Bank. Dewan implementation of risk management in accordance
Komisaris dan Direksi berperan aktif pada proses with the characteristics, complexity and risk profile
manajemen risiko dalam rangka memitigasi risiko of the Bank. The BOC and BOD play an active role
Bank melalui Kualitas Penerapan Manajemen in the risk management process in order to mitigate
Risiko meliputi tata kelola risiko, kerangka the risk of the Bank through Quality of Risk
manajemen risiko, proses manajemen risiko, Management Implementation which covers risk
kecukupan sumber daya manusia, dan kecukupan governance, risk management framework, risk
sistem informasi manajemen, serta kecukupan management process, the adequacy of human
sistem pengendalian risiko. resources and management information systems,
as well as the adequacy of risk management
systems.
Komite Manajemen Risiko Risk Management Committee
Komite Manajemen Risiko (KMR) berperan aktif The Bank’s Risk Management Committee (RMC) is
dalam memberikan pertimbangan-pertimbangan actively involved in providing advice on the inherent
terhadap risiko yang melekat pada kebijakan yang risks associated to new policies to be established
akan ditetapkan Direksi maupun memberikan by the BOD and those that are considered to be
evaluasi terhadap ketentuan-ketentuan yang dirasa outdated and require updating. The RMC is also
kurang sesuai dengan perkembangan terkini dan actively involved in conducting risk measurement of
perlu dilakukan penyesuaian. KMR terlibat secara the risks associated to new products and/or
aktif dalam melakukan penilaian risiko yang services to enable the Bank to take the necessary
melekat pada setiap produk dan/atau jasa/aktivitas mitigating actions. The RMC may evaluate the
baru sehingga Bank dapat melakukan langkah- RMPM, if necessary.
langkah mitigasi yang diperlukan. Selain itu apabila
dipandang perlu KMR dapat melakukan evaluasi
terhadap Pedoman Kebijakan Manajemen Risiko
(PKMR).
179
Satuan Kerja Manajemen Risiko Risk Management Division
Risk Management Division (RMD) merupakan Risk Management Division (RMD) is a Risk
Satuan Kerja Manajemen Risiko (SKMR) pada Management Working Unit (RMWU) at the Bank,
Bank, dipimpin oleh seorang Kepala Divisi yang led by a Division Head that reports directly to the
bertanggung jawab langsung kepada Risk, Risk, Compliance & Strategic Director. The
Compliance & Strategic Director. Struktur organizational structure of the RMD consists of the
Organisasi Risk Management Division terdiri dari Market Risk Management Department, Credit Risk
Market Risk Management Department, Credit Risk Management Department and the Operational Risk
Management Department dan Operational Risk Management Department.
Management Department.
Market Risk Management Department berfungsi Market Risk Management Department is

untuk melakukan pengelolaan Risiko Pasar dan responsible for managing market risk and liquidity
Risiko Likuiditas. Fungsi Credit Risk Management risk. Credit Risk Management Department is
Department melakukan pengelolaan Risiko Kredit responsible for credit risk management, while
sedangkan Operational Risk Management Operational Risk Management Department is
Department berfungsi mengelola Risiko responsible for managing operational risk,
Operasional, Risiko Kepatuhan, Risiko Strategik, compliance risk, strategic risk, reputational risk and
Risiko Reputasi dan Risiko Hukum. Setiap legal risk. The Department Head is assisted by
Departement Head dibantu oleh Unit Policy & Policy & Procedure Unit and Assessment &
Procedure dan Unit Assessment & Measurement. Measurement Unit.
Dalam menjalankan fungsi pemantauan risiko pada In performing risk monitoring functions at the
tingkat Divisi dan Kantor Cabang, Kepala Risk division and branch office levels, the RMD head is
Management Division dibantu oleh Division Risk assisted by the Division Risk Officer (DRO),
Officer (DRO), Regional Risk Officer (RRO) dan Regional Risk Officer (RRO), and Branch Risk
Branch Risk Officer (BRO) di bawah koordinasi Officer (BRO), who are both under the supervision
Risk Officer Coordinator (ROC) yang bertanggung of the Risk Officer Coordinator (ROC), who reports
jawab langsung kepada Kepala Risk Management directly to the RMD Head.
Division (RMD).
DRO dan RRO merupakan pejabat yang DRO and RRO is directly reporting to the ROC
bertanggung jawab langsung pada ROC dan and is responsible for the monitoring of the
bertugas melakukan pemantauan implementasi implementation of risk management in the Division
manajemen risiko di Divisi dan Kantor Wilayah and Regional Office, including the process of
(Regional Office) dengan melakukan proses identification, measurement, monitoring and
identifikasi, pengukuran, pemantauan dan recommending risk controls to the Division and
merekomendasikan pengendalian risiko kepada Regional office where the DRO & RRO is assigned.
Divisi dan Kantor Wilayah dimana DRO dan RRO The BRO is also directly reporting to the ROC and
bertugas. BRO adalah pejabat yang bertanggung is responsible for the monitoring of the
jawab langsung kepada ROC dan bertugas implementation of risk management at branch
melakukan pemantauan implementasi manajemen offices, including the process of identification,
risiko di Kantor Cabang dengan melakukan proses measurement, monitoring and recommending risk
identifikasi, pengukuran, pemantauan dan controls to the branch office where the BRO is
merekomendasikan pengendalian risiko kepada assigned.
Kantor Cabang dimana BRO bertugas.
180
Kebijakan dan Prosedur Pengelolaan Risk Management Policies and Procedures

Manajemen Risiko
Bank telah memiliki panduan kebijakan di bidang The Bank’s risk management policies are
manajemen risiko yaitu Pedoman Kebijakan formalized in the RMPM. RMPM sets out the
Manajemen Risiko (PKMR) di mana di dalamnya minimum requirements based on Bank Indonesia
telah mencakup ketentuan-ketentuan minimal yang regulations. A regular review is conducted on
disyaratkan di dalam Peraturan Bank Indonesia. internal policies to comply with the prevailing
Pengkajian ulang terhadap kebijakan internal juga regulations from regulatory bodies. Gap analysis
dilakukan agar sesuai dengan ketentuan terkini dari are performed and best practices are applied to
regulator dengan melakukan gap analysis serta enhance the quality of the risk management
mengakomodasi best practices yang lazim implementation.
digunakan untuk meningkatkan kualitas penerapan
manajemen risiko.
Sistem informasi manajemen risiko pada tahap The Bank also performs risk management on
awal difokuskan pada pengumpulan dan perbaikan information systems which focuses on risk
database risiko yang diharapkan dapat database collection and improvement. The data is
dikembangkan dan diaplikasikan ke dalam sistem gradually developed and applied in the information
teknologi informasi secara bertahap agar proses technology system so that risk measurement and
pengukuran risiko dan pemantauan risiko dapat monitoring can be integrated into the Bank’s risk
dilakukan secara terintegrasi dan dapat disajikan management on a timely basis.
secara tepat waktu.
Profil Risiko Risk Profile
Sesuai PBI No.11/25/PBI/2009 tanggal 1 Juli 2009 In accordance with PBI No.11/25/PBI/2009 dated
tentang Perubahan Atas Peraturan Bank Indonesia July 1, 2009 regarding the Amendment to Bank
No. 5/8/PBI/2003 tentang Penerapan Manajemen Indonesia Regulation No. 5/8/PBI/2003 on Risk
Risiko Bagi Bank Umum, RMD menyampaikan Management for Commercial Banks, RMD submits
laporan profil risiko ke Bank Indonesia per triwulan on a quarterly basis a risk profile report to Bank
yang memuat tentang eksposur risiko kredit, risiko Indonesia, which contains exposure to credit risk,
pasar, risiko likuiditas, risiko operasional, risiko market risk, liquidity risk, operational risk,
kepatuhan, risiko hukum, risiko reputasi dan risiko compliance risk, legal risk, reputational risk and
stratejik. Selanjutnya berdasarkan PBI strategic risk. Furthermore, based on PBI
No. 13/1/PBI/2011 tanggal 5 Januari 2011 dan SE No. 13/1/PBI/2011 dated January 5, 2011 and SE
BI No. 13/24/DPNP tanggal 25 Oktober 2011 BI No. 13/24/DPNP dated October 25, 2011
tentang Penilaian Tingkat Kesehatan Bank Umum, regarding a Bank’s health level, the assessment of
meliputi penilaian faktor profil risiko penilaian the risk profile will cover the inherent risk and
terhadap risiko inheren dan kualitas penerapan quality of risk management implementation through
manajemen risiko dalam aktivitas operasional the operational activities of the Bank.
Bank.
Secara umum risiko komposit profil risiko Bank In general, the Bank’s composite risk profile during
triwulan IV tahun 2013 berada pada peringkat the fourth quarter of 2013 is moderate, which is
moderate, yang tercermin dari tingkat risiko inheren reflected in the moderate inherent risk level and fair
moderate dan tingkat kualitas penerapan level of quality of risk management implementation.
manajemen risiko dengan peringkat fair. Risiko Inherent risks include business strategy, business
Inheren meliputi strategi bisnis, karakteristik bisnis, characteristics, complexity of products and
kompleksitas produk dan aktivitas Bank, industri activities of the Bank, the industry in which the
dimana Bank melakukan kegiatan usaha, serta Bank conducts business, as well as
kondisi makro ekonomi. Sedangkan Kualitas macroeconomic conditions. While quality of risk
Penerapan Manajemen Risiko meliputi tata kelola management implementation covers risk
risiko, kerangka manajemen risiko, proses governance, risk management framework, risk
manajemen risiko, kecukupan sumber daya management process, the adequacy of human
manusia, dan kecukupan sistem informasi resources and management information systems,
manajemen, serta kecukupan sistem pengendalian as well as the adequacy of the risk management
risiko. system.
181
Risiko Kredit Credit Risk
Pengelolaan risiko kredit merupakan bagian dari Credit risk management is part of the overall risk
pengelolaan manajemen risiko secara keseluruhan, management, which is defined in Bank Indonesia
yang mengacu pada Peraturan Bank Indonesia Regulation (PBI) No. 11/25/PBI/2009 dated July 1,
(PBI) No. 11/25/PBI/2009 tanggal 1 Juli 2009 2009 regarding the Amendment to Bank Indonesia
tentang Perubahan atas Peraturan Bank Indonesia Regulation No. 5/8/PBI/2003 regarding Risk
No.5/8/PBI/2003 tentang Penerapan Manajemen Management Implementation for Commercial
Risiko bagi Bank Umum dimana Risiko Kredit Banks, as the risk arising from the failure of
merupakan risiko yang terjadi akibat kegagalan debtors and/or other parties to fulfill their
debitur dan/atau pihak lain dalam memenuhi obligations to the Bank.
kewajiban mereka kepada Bank.
Bank telah merevieu Pedoman Kebijakan The Bank has reviewed the RMPM that set policies
Manajemen Risiko yang juga mengatur kebijakan on credit risk, among others, regarding the
di bidang risiko kredit, antara lain mengatur calculation of credit risk in accordance with the
mengenai perhitungan risiko kredit dengan Standardized Approach as regulated in SE BI
pendekatan standar sesuai dengan SE BI No. 13/6/DPNP dated February 18, 2011 regarding
No. 13/6/DPNP tanggal 18 Februari 2011 perihal the Guidelines for Calculation of Risk-Weighted
Pedoman Perhitungan Aset Tertimbang Menurut Assets for Credit Risk by Using Standardized
Risiko untuk Risiko Kredit dengan Menggunakan Approach.
Pendekatan Standar.
Bank secara teratur meninjau dan memperbarui The Bank regularly reviews and updates the
Pedoman Kebijakan Manajemen Risiko serta RMPM Guidelines as well as the Credit and
Pedoman Kebijakan Kredit dan Pembiayaan untuk Financing Manual Policy for the Bank’s credit and
kredit Bank dan pembiayaan sebagai proses financing risk assessment process.
penilaian risiko.
Eksposur Risiko Kredit dipantau sejak proses Credit risk exposure is monitored from the credit
pemberian kredit sampai dengan jatuh tempo granting process until the maturity of the credit.
kredit. Pemantauan risiko diantaranya adalah Credit risk monitoring includes, among others,
memastikan kepatuhan dengan persyaratan kredit, ensuring compliance with the terms of the loan,
kecukupan agunan dan penanganan kredit adequacy of collateral and handling of non-
bermasalah. performing loans.
Pemantauan risiko secara reguler dilakukan oleh Regular risk monitoring is undertaken by the RMD,
RMD, DRO, RRO dan BRO untuk memastikan the DRO, RRO, and the BRO to ensure that the
bahwa unit kerja melakukan kegiatan kredit secara business units carrying out credit activities are
konsisten menerapkan ketentuan Standar consistently implementing the Standard Operating
Operasional Prosedur (SOP) sesuai dengan Procedures (SOP) and complies with the limits set
batasan yang ditetapkan oleh Bank. by the Bank.
Langkah strategis lainnya dalam penerapan Another strategic step in the implementation of the
manajemen risiko kredit Bank adalah dengan Bank’s credit risk management is to distribute
melakukan penyebaran risiko kredit dan credit risk and minimize credit concentration by
pengendalian konsentrasi kredit dengan increasing the loan portfolio as well as financing
meningkatkan portofolio kredit maupun non-housing related sectors.
pembiayaan di luar sektor perumahan (non-
housing related).
Berikut ini adalah rasio kredit dan The following are the non-performing loans (NPL)
pembiayaan/piutang syariah bermasalah yang ratio and the earnings asset quality ratio of the
diklasifikasikan non-performing dan rasio kualitas Bank as of December 31, 2013, 2012 and 2011:
aset produktif Bank pada tanggal-tanggal
31 Desember 2013, 2012 dan 2011:
182
Risiko Kredit (lanjutan) Credit Risk (continued)
2013 2012 2011

Rasio NPL - bruto 4,05% 4,09% 2,75% NPL ratio - gross
Rasio NPL - neto 3,04% 3,12% 2,23% NPL ratio - net
Rasio kualitas aset produktif 3,60% 3,68% 2,34% Earning Asset Quality
Rasio kualitas aset keuangan merupakan rasio Earning assets quality ratio is the ratio of assets
aset yang diklasifikasikan sebagai non-performing classified as non-performing to total earning
dibandingkan dengan jumlah aset produktif. assets.
(i) Eksposur maksimum risiko kredit tanpa (i) Maximum exposure to credit risk before
memperhitungkan agunan dan pendukung collateral held and other credit enhancements
kredit lainnya
Eksposur risiko kredit terhadap aset keuangan Credit risk exposures related to the financial
(nilai bersih setelah dikurangi cadangan assets (net of allowance for impairment
kerugian penurunan nilai) pada laporan posisi losses) in the statements of financial position
keuangan pada tanggal-tanggal 31 Desember as of December 31, 2013, 2012 and 2011 are
2013, 2012 dan 2011 adalah sebagai berikut: as follows:
2013 2012 2011
Nilai wajar melalui

Efek-efek 2.096.633 429.261 208.110 Securities
Obligasi Pemerintah 696.747 45.748 - Government bonds
Tersedia untuk dijual Available for sale

Efek-efek 1.841.538 250.630 4.179 Securities
Obligasi Pemerintah 5.990.887 5.772.688 5.685.269 Government bonds
Dimiliki hingga jatuh tempo Held to maturity

Obligasi Pemerintah 1.697.326 1.650.494 1.421.545 Government bonds
Kredit dan piutang Loans and receivables

Giro pada Bank Indonesia 9.858.758 7.297.835 5.261.418 Current accounts with Bank Indonesia
Giro pada bank lain 400.215 161.993 208.252 Current accounts with other banks
Penempatan pada Bank Placements with Bank Indonesia and
Indonesia dan bank lain 4.839.268 11.466.296 9.777.564 other banks
pembiayaan/piutang syariah receivables
Konsumer Consumer
Pemilikan rumah 67.899.625 54.760.814 43.908.628 Housing loan
Non-kepemilikan rumah 8.587.130 7.193.747 5.382.363 Non-housing loan
Investasi 3.952.243 3.249.498 2.061.682 Investment
Sindikasi 62.709 28.047 32.233 Syndicated
Direksi dan karyawan 580.736 310.340 206.339 Directors and employees
Bunga yang masih akan diterima 923.688 871.985 718.892 Interest receivable
Aset lain-lain*) 355.942 370.464 329.849 Other assets*)
Total 128.294.727 109.081.348 86.756.328 Total
*) Terdiri dari tagihan kepada pihak ketiga *) Consists of third party receivables
183
Eksposur risiko kredit atas rekening administratif Credit risk exposures related to administrative
pada tanggal 31 Desember 2013, 2012 dan 2011 accounts as of December 31, 2013, 2012 and 2011
adalah sebagai berikut: are as follows:
2013 2012 2011
Fasilitas kredit yang belum ditarik 9.495.098 7.738.191 5.149.978 Unused loan facilities
Garansi yang diterbitkan 552.711 421.744 235.718 Guarantees issued
Total 10.047.809 8.159.935 5.385.696 Total
Tabel di atas menggambarkan eksposur The above table represents credit risk exposures of
maksimum atas risiko kredit bagi Bank pada the Bank as of December 31, 2013, 2012 and
tanggal 31 Desember 2013, 2012 dan 2011, tanpa 2011, without taking into account any collateral
memperhitungkan agunan atau pendukung kredit held or other credit enhancements. The exposures
lainnya. Untuk aset pada laporan posisi keuangan, set out above are based on net carrying amounts of
eksposur di atas ditentukan berdasarkan nilai the assets as reported in the statements of financial
tercatat bersih seperti yang diungkapkan pada position.
laporan posisi keuangan.
(ii) Konsentrasi risiko aset keuangan dengan (ii) Concentration of risks of financial assets with
eksposur risiko kredit credit risk exposure
a) Sektor geografis a) Geographical sectors
Tabel berikut menggambarkan rincian The following tables provide details of the
eksposur kredit Bank pada nilai tercatat Bank’s credit exposures at their carrying
(tanpa memperhitungkan agunan atau amounts (without taking into account any
pendukung kredit lainnya), yang collateral held or other credit
dikategorikan berdasarkan area geografis enhancements), as categorized by
pada tanggal 31 Desember 2013, 2012 geographical region as of December 31,
dan 2011. Untuk tabel ini, Bank telah 2013, 2012 and 2011. For these tables,
mengalokasikan eksposur area the Bank has allocated exposures to the
berdasarkan wilayah geografis tempat regions based on the geographical area
mereka beroperasi. where activities are undertaken.
2013
Jawa selain
Jabodetabek/
Kantor Pusat/ Java other than Lain-lain/
Head Office Jabodetabek Jabodetabek Sumatera Others**) Total
Giro pada Current accounts with

Bank Indonesia 9.858.758 - - - - 9.858.758 Bank Indonesia
Giro pada bank lain 396.117 72 5.950 286 98 402.523 Current accounts with other banks
Penempatan pada Placements with
Bank Indonesia dan Bank Indonesia and
bank lain 4.834.318 - 5.000 - - 4.839.318 other banks
Efek-efek 4.210.440 - - - - 4.210.440 Securities
Obligasi Pemerintah 8.384.960 - - - - 8.384.960 Government bonds
Kredit yang diberikan
dan piutang/pembiayaan Loans and sharia financing/
syariah receivables
Konsumer Consumer
Pemilikan rumah - 29.321.756 17.516.646 10.437.204 11.294.238 68.569.844 Housing loan
Non-kepemilikan rumah - 2.202.957 3.033.328 1.307.422 2.089.290 8.632.997 Non-housing loan
Modal kerja - 7.916.096 4.880.676 2.609.707 3.212.893 18.619.372 Working capital
Investasi - 1.577.866 1.180.028 444.363 799.337 4.001.594 Investment
Sindikasi - 62.712 - - - 62.712 Syndicated
Direksi dan karyawan - 288.847 155.894 70.439 65.692 580.872 Directors and employees
184

2013
Jawa selain
Jabodetabek/
Bunga yang masih

akan diterima 75.486 337.216 216.456 135.682 158.848 923.688 Interest receivable
Aset lain-lain*) 324.568 4.211 20.075 4.164 2.924 355.942 Other assets*)
Total kotor 28.084.647 41.711.733 27.014.053 15.009.267 17.623.320 129.443.020 Total gross
Cadangan kerugian Allowances for

penurunan nilai (1.148.293) impairment losses
Neto 128.294.727 Net
2012
Jawa selain
Jabodetabek/

Giro pada bank lain 156.965 72 5.529 428 749 163.743 Current accounts with other banks
Efek-efek 1.022.565 - - - - 1.022.565 Securities
syariah receivables
Konsumer Consumer
Non-kepemilikan rumah - 1.671.583 2.590.076 1.178.745 1.788.922 7.229.326 Non-housing loan
Investasi - 1.220.579 913.031 402.092 750.645 3.286.347 Investment
Sindikasi - 28.047 - - - 28.047 Syndicated
Bunga yang masih

penurunan nilai (997.283) impairment losses
Neto 109.081.348 Net
2011
Jawa selain
Jabodetabek/

Giro pada bank lain 204.410 65 3.812 586 1.701 210.574 Current accounts with other banks
Efek-efek 738.967 - - - - 738.967 Securities
syariah receivables
Konsumer Consumer
Non-kepemilikan rumah - 1.374.281 1.806.237 860.247 1.412.803 5.453.568 Non-housing loan
Investasi - 852.100 536.957 245.252 480.329 2.114.638 Investment
Sindikasi - - - - 48.882 48.882 Syndicated
185
2011
Jawa selain
Jabodetabek/
Bunga yang masih


Neto 86.756.328 Net
**) Lain-lain terdiri dari Kalimantan, Sulawesi, Bali, Maluku **) Others consists of Kalimantan, Sulawesi, Bali, Maluku
dan Papua. and Papua.
Eksposur risiko kredit atas rekening Credit risk exposure related to administrative
administratif pada tanggal-tanggal accounts as of December 31, 2013, 2012 and
31 Desember 2013, 2012 dan 2011 adalah 2011 are as follows:
sebagai berikut:
2013
Jawa selain
Jabodetabek/
Head Office Jabodetabek Jabodetabek Sumatera Others*) Total
Fasilitas kredit
yang belum ditarik - 4.974.203 1.956.698 1.132.023 1.432.174 9.495.098 Unused loan facilities
Garansi yang diterbitkan - 451.175 59.747 15.849 25.940 552.711 Guarantees issued
Total - 5.425.378 2.016.445 1.147.872 1.458.114 10.047.809 Total
2012
Jawa selain
Jabodetabek/
Fasilitas kredit
yang belum ditarik - 3.887.462 1.550.697 1.015.873 1.284.159 7.738.191 Unused loan facilities
Total - 4.217.939 1.601.204 1.042.452 1.298.340 8.159.935 Total
2011
Jawa selain
Jabodetabek/
Fasilitas kredit
yang belum ditarik - 2.301.359 1.083.083 882.270 883.266 5.149.978 Unused loan facilities
Total - 2.486.444 1.093.927 892.884 912.441 5.385.696 Total
*) Lain-lain Terdiri dari Kalimantan, Sulawesi, Bali, Maluku dan Papua *) Others consists of Kalimantan, Sulawesi, Bali, Maluku and Papua
186
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
b) Sektor industri b) Industry sectors
Tabel berikut ini menggambarkan rincian The following tables provide the details of
eksposur kredit Bank pada nilai tercatat the Bank’s credit exposure at carrying
(tanpa memperhitungkan agunan atau amounts (without taking into account any
pendukung kredit lainnya), yang collateral held or other credit
dikategorikan berdasarkan sektor industri enhancements), categorized based on
pada tanggal-tanggal 31 Desember 2013, industry sectors as of December 31, 2013,
2012 dan 2011: 2012 and 2011:
2013
Pemerintah
(termasuk
Bank Lembaga
Indonesia)/ keuangan
Government bukan bank/ Perusahaan
(including Non-bank lainnya/
Bank Bank/ financial Other Perseorangan/
Indonesia) Banks institutions companies**) Individuals Total
Giro pada bank lain - 402.523 - - - 402.523 other banks
bank lain 4.834.318 5.000 - - - 4.839.318 other banks
Efek-efek 3.747.643 9.987 360.112 92.698 - 4.210.440 Securities
pembiayaan/piutang Loans and sharia financing/
syariah 1.568 42.051 742.708 17.999.747 81.681.317 100.467.391 receivables
Bunga yang masih akan
akan diterima 67.690 63 8.025 66.411 781.499 923.688 Interest receivable
Aset lain-lain*) 16.486 91.384 - 155.652 92.420 355.942 Other assets*)
Total kotor 26.911.423 551.008 1.110.845 18.314.508 82.555.236 129.443.020 Total gross

Neto 128.294.727 Net
2012
Pemerintah
(termasuk
Bank Lembaga
Efek-efek 667.503 - - 355.062 - 1.022.565 Securities
syariah 1.318 34.942 269.556 15.042.213 66.062.734 81.410.763 receivables
akan diterima - 41 746 67.176 804.022 871.985 Interest receivable
Total kotor 26.320.842 872.239 270.302 15.698.604 66.916.644 110.078.631 Total gross

Neto 109.081.348 Net
187
eksposur risiko kredit (lanjutan) credit risk exposure (continued)
b) Sektor industri (lanjutan) b) Industry sectors (continued)
2011
Pemerintah
(termasuk
Bank Lembaga

Efek-efek 467.385 4.000 - 267.582 - 738.967 Securities
syariah - 11.547 - 11.486.399 52.065.738 63.563.684 receivables
akan diterima 53.510 30 - 63.639 601.713 718.892 Interest receivable
Total kotor 22.382.049 565.582 - 12.069.463 52.693.719 87.710.813 Total gross
penurunan nilai (954.485 ) impairment losses
Neto 86.756.328 Net
*) Terdiri dari tagihan kepada pihak ketiga. *) Consists of third party receivables.
**) Termasuk perusahaan yang bergerak di industri perumahan, **) Includes other companies under real estate, construction,
konstruksi, manufaktur, transportasi, pergudangan dan manufacturing, transportation, warehousing and
komunikasi, perdagangan, pertanian, pertambangan dan industri communication, trading, farming, mining and other industries.
lainnya.
Eksposur risiko kredit yang terkait dengan Credit risk exposure relating to
unsur rekening administratif adalah administrative account items as of
sebagai berikut pada tanggal-tanggal December 31, 2013, 2012 and 2011, are
31 Desember 2013, 2012 dan 2011: as follows :
2013
Pemerintah
(termasuk
Bank Lembaga
Indonesia) Banks institutions companies*) Individuals Total
Fasilitas kredit
yang belum ditarik - 3.700 28.454 8.495.317 967.627 9.495.098 Unused loan facilities
Garansi yang diterbitkan - - - 552.711 - 552.711 Guarantees issued
Total - 3.700 28.454 9.048.028 967.627 10.047.809 Total
188
2012
Pemerintah
(termasuk
Bank Lembaga
Fasilitas kredit
yang belum ditarik - 7.418 19.357 692.851 7.018.565 7.738.191 Unused loan facilities
Total - 7.418 19.357 1.114.595 7.018.565 8.159.935 Total
2011
Pemerintah
(termasuk
Bank Lembaga
Fasilitas kredit
yang belum ditarik - 4.483 - 4.984.091 161.404 5.149.978 Unused loan facilities
Total - 4.483 - 5.219.809 161.404 5.385.696 Total
*) Termasuk perusahaan yang bergerak di industri *) Includes other companies under real estate,
perumahan, konstruksi, manufaktur, transportasi, construction, manufacturing, transportation,
pergudangan dan komunikasi, perdagangan, pertanian, warehousing and communication, trading, farming,
pertambangan dan industri lainnya. mining and other industries.
(iii) Informasi mengenai aset finansial yang (iii) Information about impaired and not impaired
mengalami penurunan nilai dan tidak financial assets
mengalami penurunan nilai
1. Giro pada Bank Lain 1. Current Accounts with Other Banks
2013
Tidak mengalami Mengalami

penurunan nilai/ penurunan nilai/
Not Impaired Impaired Total
Rupiah 304.172 - 304.172 Rupiah

Mata Uang Asing 96.050 2.301 98.351 Foreign currencies
Total 400.222 2.301 402.523 Total
Cadangan kerugian
penurunan nilai (7) (2.301) (2.308) Allowance for impairment losses
Neto 400.215 - 400.215 Net
189

2012

Rupiah 54.332 - 54.332 Rupiah

Total 161.995 1.748 163.743 Total
Cadangan kerugian
Neto 161.993 - 161.993 Net
2011

Rupiah 11.949 - 11.949 Rupiah

Total 208.260 2.314 210.574 Total
Cadangan kerugian
Neto 208.252 - 208.252 Net
2. Penempatan pada Bank Indonesia dan 2. Placements with Bank Indonesia and
bank lain other banks
Per 31 Desember 2013, 2012 dan 2011, As of December 31, 2013, 2012 and
aset keuangan ini tidak mengalami 2011, these financial assets are not
penurunan nilai secara individual maupun impaired individually as well as
kolektif sesuai ketentuan Bank Indonesia. collectively according to Bank Indonesia
Penyisihan cadangan penurunan nilai regulations. The allowance provided as of
yang dibentuk per 31 Desember 2013, December 31, 2013, 2012 and 2011
2012 dan 2011 merupakan cadangan pertains to placements with Bank
penyisihan untuk penempatan pada Bank Indonesia and other banks under sharia
Indonesia dan bank lain syariah. principles.
3. Efek-efek 3. Securities
2013

Sertifikat Bank Indonesia 3.747.643 - 3.747.643 Certificates of Bank Indonesia

Obligasi 125.552 7.018 132.570 Bonds
Residential Mortgage-Backed
Efek Beragunan Aset 249.213 - 249.213 Securities
Reksadana 81.014 - 81.014 Mutual Fund
Total 4.203.422 7.018 4.210.440 Total
Cadangan kerugian
penurunan nilai (1.740) (7.018) (8.758) Allowance for impairment losses
Neto 4.201.682 - 4.201.682 Net
190
2012

Sertifikat Bank Indonesia 667.503 - 667.503 Certificates of Bank Indonesia

Obligasi 158.428 7.018 165.446 Bonds
Total 1.015.547 7.018 1.022.565 Total
Cadangan kerugian
Neto 1.013.796 - 1.013.796 Net
2011

Sertifikat Bank Indonesia 467.385 - 467.385 Certificates of Bank Indonesia

Obligasi 135.050 6.916 141.966 Bonds
Total 732.051 6.916 738.967 Total
Cadangan kerugian
Neto 728.074 5.879 733.953 Net
4. Estimasi kerugian komitmen dan 4. Estimated losses on commitments and

kontinjensi contingencies
rekening administratif tidak mengalami 2011, these administrative account items
penurunan nilai. are not impaired.
5. Kredit yang diberikan dan 5. Loans and sharia financing/receivables

pembiayaan/piutang syariah
aset keuangan ini mengalami penurunan 2011, these financial assets are impaired
nilai secara individual maupun kolektif subject to individual and collective
sesuai ketentuan dalam PSAK No. 55 impairment according to SFAS No. 55 and
dan Peraturan Bank Indonesia. Bank Indonesia regulations.
Ikhtisar kredit yang diberikan dan Loans and sharia financing/receivables,

pembiayaan/piutang syariah yang as of December 31, 2013, 2012 and
diberikan pada tanggal-tanggal 2011, are summarized as follows:
31 Desember 2013, 2012 dan 2011
adalah sebagai berikut:
191

2013
Mengalami
penurunan nilai/
Impaired
Tidak mengalami
penurunan nilai/ Individual/ Kolektif/
Not impaired Individual Collective Total
Perumahan 83.425.208 157.060 3.021.124 86.603.392 Property

Perdagangan, restoran dan hotel 2.110.976 6.973 106.500 2.224.449 Trading, restaurants and hotels
Manufaktur 248.320 - 19.146 267.466 Manufacturing
Jasa-jasa dunia usaha 4.652.229 18.065 147.623 4.817.917 Business services
Konstruksi 3.060.297 62.092 150.033 3.272.422 Construction
Pertanian 182.742 7.793 10.828 201.363 Farming
Transportasi, pergudangan Transportation, warehousing
dan komunikasi 215.183 9.900 8.094 233.177 and communications
Listrik, gas dan air 26.865 - 4.127 30.992 Electricity, gas and water
Pertambangan 153.428 - 7.304 160.732 Mining
Jasa-jasa sosial 320.846 6.102 831 327.779 Social services
Lain-lain 2.266.238 - 61.464 2.327.702 Others
Total 96.662.332 267.985 3.537.074 100.467.391 Total

penurunan nilai (202.501) (67.595) (867.081) (1.137.177) impairment losses
Neto 96.459.831 200.390 2.669.993 99.330.214 Net
2012
Mengalami
penurunan nilai/
Impaired
Tidak mengalami

Perdagangan, restoran dan hotel 1.489.653 - 109.571 1.599.224 Trading, restaurants and hotels
Manufaktur 186.789 5.136 7.839 199.764 Manufacturing
Pertanian 131.109 - 13.036 144.145 Farming
dan komunikasi 193.449 6.471 13.223 213.143 and communications
Listrik, gas dan air 31.565 - 4.048 35.613 Electricity, gas and water
Pertambangan 80.310 14.000 4.925 99.235 Mining
Jasa-jasa sosial 163.251 - 386 163.637 Social services
Lain-lain 1.560.616 5.400 41.073 1.607.089 Others
Total 78.020.702 411.882 2.978.179 81.410.763 Total

penurunan nilai (176.527) (185.897) (618.290) (980.714) impairment losses
Neto 77.844.175 225.985 2.359.889 80.430.049 Net
2011
Mengalami
penurunan nilai/
Impaired
Tidak mengalami

Perdagangan, restoran dan hotel 784.945 - 46.724 831.669 Trading, restaurants and hotels
Manufaktur 91.627 50.441 1.145 143.213 Manufacturing
Pertanian 84.108 - 368 84.476 Farming
dan komunikasi 93.593 - 142 93.735 and communications
Listrik, gas dan air 15.330 - - 15.330 Electricity, gas and water
Pertambangan 75.815 - - 75.815 Mining
Jasa-jasa sosial 40.339 - - 40.339 Social services
Lain-lain 1.312.118 - 18.005 1.330.123 Others
Total 61.810.993 189.345 1.563.346 63.563.684 Total

penurunan nilai (596.492) (70.736) (276.870) (944.098) impairment losses
Neto 61.214.501 118.609 1.286.476 62.619.586 Net
192

(iv) Tabel dibawah menunjukkan kualitas kredit per (iv) The table below shows credit quality per class
jenis instrumen keuangan yang belum jatuh of financial assets (gross of allowance for
tempo dan tidak mengalami penurunan nilai impairment losses) that are neither past due
(diluar cadangan kerugian penurunan nilai): nor impaired:
2013
Belum jatuh tempo dan Jatuh tempo

tidak mengalami penurunan dan tidak
nilai/neither past due mengalami
nor impaired penurunan
nilai/ Mengalami
Tingkat Past due penurunan
Tingkat Tinggi/ standar/ but not nilai/
High Grade Standard grade Impaired Impaired Total
Nilai wajar melalui Fair value through

laba rugi profit or loss
Efek 2.096.633 - - - 2.096.633 Securities
Obligasi Pemerintah 696.747 - - - 696.747 Government bonds
Efek 1.841.557 - - 5.018 1.846.575 Securities
Obligasi Pemerintah 5.990.887 - - - 5.990.887 Government bonds
Efek 265.232 - - 2.000 267.232 Securities
Giro pada bank Indonesia 9.858.758 - - - 9.858.758 Bank Indonesia
Current accounts
Giro pada bank lain 400.222 - - 2.301 402.523 with other banks
dan bank lain 4.839.318 - - - 4.839.318 and other banks
dan piutang/ Loans and sharia financing/
pembiayaan syariah receivables
Konsumer Consumer
Pemilikan rumah 40.472.421 16.649.271 11.448.152 - 68.569.844 Housing loan
Non kepemilikan
rumah 5.869.418 1.565.863 1.197.716 - 8.632.997 Non-housing loan
Modal kerja 11.313.119 4.982.862 2.094.339 229.052 18.619.372 Working capital
Investasi 2.218.714 1.079.890 664.057 38.933 4.001.594 Investment
Sindikasi 62.712 - - - 62.712 Syndicated
Direksi dan karyawan 544.760 23.169 12.943 - 580.872 Directors and employees
Bunga yang masih
akan diterima - 923.688 - - 923.688 Interests receivable
Aset lain-lain*) - 355.942 - - 355.942 Other assets*)
Total 88.167.824 25.580.685 15.417.207 277.304 129.443.020 Total

nilai (13.838) (78.569) (978.972) (76.914) (1.148.293) impairment losses
Neto 88.153.986 25.502.116 14.438.235 200.390 128.294.727 Net
2012

nilai/ Mengalami

Efek 429.261 - - - 429.261 Securities
Obligasi Pemerintah 45.748 - - - 45.748 Government bonds
Efek 250.630 - - 5.018 255.648 Securities
Efek 335.656 - - 2.000 337.656 Securities
193

2012

nilai/ Mengalami

Current accounts
Giro pada bank lain 161.995 - - 1.748 163.743 with other banks
Konsumer Consumer
Non kepemilikan
rumah 5.129.933 1.242.697 851.296 5.400 7.229.326 Non-housing loan
Modal kerja 9.702.123 4.061.524 1.270.398 349.352 15.383.397 Working capital
Investasi 2.248.707 686.156 294.353 57.131 3.286.347 Investment
Sindikasi 28.047 - - - 28.047 Syndicated
Bunga yang masih
Total 76.926.524 20.565.076 12.166.382 420.649 110.078.631 Total

nilai (19.920) (59.153) (723.547) (194.663) (997.283) impairment losses
Neto 76.906.604 20.505.923 11.442.835 225.986 109.081.348 Net
2011

nilai/ Mengalami

Efek 208.110 - - - 208.110 Securities
Obligasi Pemerintah - - - - - Government bonds
Efek - - - 4.916 4.916 Securities
Efek 523.941 - - 2.000 525.941 Securities
Giro pada bank lain 208.260 - - 2.314 210.574 other banks
Konsumer Consumer
Non kepemilikan
rumah 3.310.734 1.458.260 684.574 - 5.453.568 Non-housing loan
Modal kerja 5.856.726 4.434.379 897.567 134.520 11.323.192 Working capital
Investasi 1.303.514 607.474 197.707 5.943 2.114.638 Investment
Sindikasi - - - 48.882 48.882 Syndicated
194

2011

nilai/ Mengalami
Bunga yang masih

Total 56.685.779 21.360.144 9.466.315 198.575 87.710.813 Total

nilai (171.935) (370.733) (337.730) (74.087) (954.485) impairment losses
Neto 56.513.844 20.989.411 9.128.585 124.488 86.756.328 Net
Kualitas kredit didefinisikan sebagai The credit quality are defined as follows:
berikut:
Tingkat tinggi High grade
(a) Giro pada Bank Indonesia, giro pada (a) Current accounts with Bank Indonesia,
bank lain, penempatan pada Bank current accounts with other banks,
Indonesia dan bank lain yaitu giro placements with Bank Indonesia and
atau penempatan pada institusi other banks are current accounts or
Pemerintah, transaksi dengan placements with the sovereign,
bank yang memiliki reputasi baik transacted with reputable banks with low
dengan tingkat kemungkinan gagal probability of insolvency.
bayar atas kewajiban yang rendah.
(b) Kredit yang diberikan dan (b) Loans and sharia financing/receivables,
piutang/pembiayaan syariah, bunga interests receivables and third party
yang masih akan diterima, dan receivables are receivables from
tagihan kepada pihak ketiga yaitu borrowers with very satisfactory track
debitur dengan riwayat pembayaran record of loan repayment and whose
yang sangat baik dan tidak pernah accounts did not turn past due during
menunggak sepanjang jangka waktu the term of the loan; borrowers with high
kredit; debitur dengan tingkat degree of stability and diversity; has
stabilitas dan keragaman yang tinggi; access to raise substantial amounts of
memiliki akses setiap saat untuk funds through public market at any time;
memperoleh pendanaan dalam very strong debt service capacity and
jumlah besar dari pasar terbuka; has conservative balance sheet ratios.
memiliki kemampuan membayar yang
kuat dan rasio-rasio neraca yang
konservatif.
(c) Efek-efek dan obligasi Pemerintah (c) Securities and Government bonds are
yaitu efek-efek yang dikeluarkan oleh Sovereign securities, investment grade
Pemerintah, efek-efek dan obligasi securities and bonds with a rating of at
yang termasuk dalam investment least BBB- (Pefindo) or Baa3 (Moody’s).
grade dengan rating minimal BBB-
(Pefindo) atau Baa3 (Moody’s).
195
Tingkat standar Standard grade
(a) Giro pada Bank Indonesia, giro pada (a) Current accounts with Bank Indonesia,
bank lain, penempatan pada Bank current accounts with other banks,
Indonesia dan bank lain yaitu giro placements with Bank Indonesia and
atau penempatan pada bank lokal other banks are current accounts or
yang tidak terdaftar di bursa. placements with the local banks not
listed in the stock exchange.
(b) Kredit yang diberikan dan (b) Loans and sharia financing/receivables,
piutang/pembiayaan syariah, bunga interests receivables and third party
yang masih akan diterima, dan receivables are receivables from
tagihan kepada pihak ketiga yaitu borrowers who have an average track
debitur dengan riwayat pembayaran record of loan repayment and whose
yang baik dan tidak pernah account did not turn past due for 90
menunggak 90 hari atau lebih; akses days and over; smaller corporations with
terbatas ke pasar modal atau ke limited access to public capital markets
pasar keuangan lainnya; tingkat or to alternative financial market;
pendapatan dan kinerja keseluruhan volatility of earnings and overall
tidak stabil; memiliki kemampuan performance; debt service capacity is
membayar yang cukup. adequate.
(c) Efek-efek dan obligasi Pemerintah (c) Securities are bonds with a rating
yaitu eefek-efek dan obligasi dengan between idBB+ to idB (Pefindo) or Ba1
rating antara idBB+ sampai dengan to B2 (Moody’s).
idB (Pefindo) atau Ba1 sampai
dengan B2 (Moody’s).
(v) Analisis umur pinjaman yang jatuh tempo (v) The aging analysis of past due but not
tetapi tidak mengalami penurunan nilai pada impaired loans as of December 31, 2013, 2012
tanggal 31 Desember 2013, 2012 dan 2011, and 2011, follows:
sebagai berikut:
2013
__
lebih dari
1 sampai 91 sampai 121 sampai 180 hari/
90 hari/ 120 hari/ 180 hari/ More than
1 to 90 days 90 to 120 days 120 to 180 days 180 days Total
Konsumer Consumer
Pemilikan rumah 8.966.576 259.681 314.678 1.907.217 11.448.152 Housing Loan
Non kepemilikan rumah 939.555 33.758 36.956 187.447 1.197.716 Non housing loan
Modal kerja 1.362.637 41.110 82.514 608.078 2.094.339 Working capital
Investasi 400.211 12.639 11.775 239.432 664.057 Investment
Direktur dan karyawan 11.993 - 93 857 12.943 Directors and employees
Total 11.680.972 347.188 446.016 2.943.031 15.417.207 Total

Cadangan kerugian
penurunan nilai (25.515) (6.684) (14.578) (932.195) (978.972) Allowance for impairment losses
Neto 11.655.457 340.504 431.438 2.010.836 14.438.235 Net
196
2012
__
lebih dari
Konsumer Consumer
Pemilikan rumah 7.953.757 280.323 315.393 1.198.346 9.747.819 Housing Loan
Non kepemilikan rumah 660.295 27.332 29.242 134.427 851.296 Non housing loan
Modal kerja 708.971 72.236 63.425 425.766 1.270.398 Working capital
Direktur dan karyawan 1.159 286 108 963 2.516 Directors and employees
Total 9.504.428 394.354 430.303 1.837.297 12.166.382 Total
Cadangan kerugian
Neto 9.480.785 385.770 414.047 1.162.233 11.442.835 Net
2011
__
lebih dari
Konsumer Consumer
Pemilikan rumah 6.529.126 136.309 146.675 872.912 7.685.022 Housing Loan
Non kepemilikan rumah 537.342 19.504 22.690 105.038 684.574 Non housing loan
Modal kerja 550.511 16.233 34.300 296.523 897.567 Working capital
Direktur dan karyawan 648 79 139 579 1.445 Directors and employees
Total 7.744.901 174.832 208.094 1.338.488 9.466.315 Total
Cadangan kerugian
Neto 7.685.797 166.627 185.457 1.090.704 9.128.585 Net
(vi) Mutasi cadangan berdasarkan jenis kredit yang (vi) Movements in allowance for impairment losses
diberikan pada tanggal 31 Desember 2013, by type of loans as of December 31, 2013,
2012 dan 2011 adalah sebagai berikut: 2012 and 2012 are as follows:
2013
Konsumsi/Consumer
Pemilikan Non-kepemilikan Modal Direksi dan

Rumah/ rumah/Non- Kerja/ Karyawan/
Housing Housing Working Investasi/ Sindikasi/ Directors and
Loan Loan Capital Investment Syndicated Employess
Saldo awal tahun 412.328 35.579 495.794 36.849 - 164 Balance at beginning of year
Penyisihan (pembalikan) Provision for (reversal of)
kerugian penurunan nilai impairment losses
selama tahun berjalan 270.317 10.327 79.223 75.900 3 (28) during the year
yang telah dihapus
bukukan 1.213 - 454 510 - - Recovery of loans written-off
Penghapusbukuan kredit (13.639) (39) (203.870) (63.908) - - Loans written-off
Saldo akhir tahun 670.219 45.867 371.601 49.351 3 136 Balance at end of year
Penurunan nilai individual - - 52.778 14.817 - - Individual impairment

Penurunan nilai kolektif 670.219 45.867 318.823 34.534 3 136 Collective impairment
Jumlah kotor kredit yang

secara individu ditentukan
sebagai mengalami penurunan Gross amount of loans
nilai sebelum dikurangi individually determined to
kerugian penurunan nilai be impaired, before deducting
atas penilaian secara any individually assessed
individual - - 229.052 38.933 - - impairment losses
197
2012
Konsumsi/Consumer

Saldo awal tahun 505.859 71.204 294.851 52.956 16.649 2.579 Balance at beginning of year
selama tahun berjalan (78.566) (32.251) 301.856 34.467 (16.649) (2.415) during the year
yang telah dihapus
bukukan - 938 - - - - Recovery of loans written-off
Penghapusbukuan kredit (14.965) (4.312) (100.913) (50.574) Loans written-off
Saldo akhir tahun 412.328 35.579 495.794 36.849 - 164 Balance at end of year
Penurunan nilai individual - 5.400 160.824 19.673 - - Individual impairment

Penurunan nilai kolektif 412.328 30.179 334.970 17.176 - 164 Collective impairment

individual - 5.400 349.352 57.131 - - impairment losses
2011
Konsumsi/Consumer

Saldo awal tahun 494.746 57.459 277.345 27.235 21.230 2.671 Balance at beginning of year
selama tahun berjalan 44.375 14.645 25.147 27.686 (4.581) (92) during the year
yang telah dihapus
bukukan - 316 - - - - Recovery of loans written-off
Penghapusbukuan kredit (33.263) (1.215) (7.641) (1.965) Loans written-off
Saldo akhir tahun 505.858 71.205 294.851 52.956 16.649 2.579 Balance at end of year
Penurunan nilai individual - - 51.380 2.707 16.649 - Individual impairment

Penurunan nilai kolektif 505.858 71.205 243.471 50.249 - 2.579 Collective impairment

individual - - 134.520 5.943 48.882 - impairment losses
198
Risiko Likuiditas Liquidity Risk
Risiko Likuiditas merupakan risiko akibat Liquidity risk is the risk arising from the inability of
ketidakmampuan Bank untuk memenuhi kewajiban the Bank to meet the maturing obligations from
yang jatuh tempo dari sumber pendanaan arus kas cash flow funding sources and/or from high-quality
dan/atau dari aset likuid berkualitas tinggi yang liquid assets that can be pledged, without
dapat diagunkan, tanpa mengganggu aktivitas dan disturbing the activities and financial condition of
kondisi keuangan Bank. Ketidakmampuan the Bank. The inability to obtain funding for cash
memperoleh sumber pendanaan arus kas sehingga flows resulting to liquidity risk can be contributed,
menimbulkan Risiko Likuiditas dapat disebabkan among others, by:
antara lain oleh:
a. ketidakmampuan menghasilkan arus kas yang a. Inability to generate cash flows from productive
berasal dari aset produktif maupun yang assets as well as from the sale of assets,
berasal dari penjualan aset termasuk aset including liquid assets; and/or
likuid; dan/atau
b. ketidakmampuan menghasilkan arus kas yang b. Inability to generate cash flows from funding,
berasal dari penghimpunan dana, transaksi interbank transactions and fund borrowings.
antar Bank, dan pinjaman yang diterima.
Secara umum, tujuan utama manajemen risiko In general, the main objective of risk management
untuk risiko likuiditas adalah untuk meminimalkan for liquidity risk is to minimize the possibility of the
kemungkinan ketidakmampuan Bank dalam Bank's inability to obtain source of cash flow
memperoleh sumber pendanaan arus kas. Dengan funding. Thus, the bank can meet any financial
demikian bank dapat memenuhi setiap kewajiban obligations that have been agreed upon in a timely
finansial yang sudah diperjanjikan secara tepat manner, and to always be able to maintain
waktu, dan agar senantiasa dapat memelihara adequate and optimal levels of liquidity. Liquidity
tingkat likuiditas yang memadai dan optimal. risk management policies include the active
Kebijakan pengelolaan risiko likuiditas antara lain supervision of the BOC and BOC who basically set
mencakup pengawasan aktif Dewan Komisaris dan the implementation of the Bank's liquidity risk
Direksi, yang pada intinya mengatur penerapan management, policy, procedures and determination
Manajemen Risiko likuiditas pada Bank, Kebijakan, of limits, which generally includes the liquidity risk
Prosedur dan Penetapan Limit yang secara umum management strategy, level of risk to be taken (risk
mencakup strategi manajemen risiko likuiditas, appetite) and risk tolerance, and risk management
tingkat risiko yang akan diambil (risk appetite) dan process, information systems and internal control
toleransi risiko (risk tolerance) dan Sistem systems by implementing internal controls and
Informasi Manajemen Risiko serta Sistem adequate independent review of the risk
Pengendalian Intern dengan menerapkan management implementation for liquidity risk which
pengendalian intern dan kaji ulang independen are being carried out by the Management and
yang memadai terhadap penerapan Manajemen conducted by the Internal Audit Division (IAD) and
Risiko untuk Risiko likuiditas yang dilaksanakan RMD.
oleh Internal Audit Division (IAD) dan Risk
Management Division (RMD).
Pengendalian Risiko Likuiditas melalui strategi Liquidity risk management is being carried out
pendanaan, pengelolaan posisi likuiditas dan through funding strategy, liquidity positions and
pemantauan risiko likuiditas harian, pengelolaan monitoring of daily liquidity, management of high
aset likuid yang berkualitas tinggi, dan rencana quality liquid assets, planning the emergency
pendanaan darurat serta penerapan system funding as well as implementation of a sound risk
informasi manajemen risiko secara wajar untuk management information system to support the
mendukung pelaksanaan proses identifikasi, process of identification, measurement, monitoring
pengukuran, pemantauan, dan pengendalian, serta and control, as well as reporting of liquidity risk
pelaporan risiko likuiditas dalam kondisi normal dan under normal and extreme conditions in a
kondisi krisis secara lengkap, akurat, kini, utuh dan comprehensive, accurate, timely, complete, and
berkesinambungan. sustainable manner.
199
Risiko Likuiditas (lanjutan) Liquidity Risk (continued)
Alat pengukuran yang digunakan dalam The tools used in the measurement of liquidity risk
pengukuran Risiko Likuiditas antara lain adalah among others are, liquidity ratio, maturity profile,
Rasio Likuiditas, Profil Maturitas, Proyeksi arus cash flow projection, and stress testing (testing the
kas, dan Stress testing (pengujian terhadap Bank's ability to meet liquidity needs on a state of
kemampuan Bank untuk memenuhi kebutuhan crisis by using the specific stress scenarios on the
likuiditas pada kondisi krisis dengan menggunakan Bank as well as on the market).
skenario stress secara spesifik pada Bank maupun
stress pada pasar).
Tabel jatuh tempo berikut menyajikan informasi The following maturity tables provide information
mengenai perkiraan sisa jatuh tempo dari aset dan about the expected maturities of the Bank’s
liabilitas keuangan pada tanggal 31 Desember financial assets and liabilities as of December 31,
2013, 2012 dan 2011: 2013, 2012 and 2011:
2013
Nilai > 6 - 12
Tercatat/ >1-6 Bulan/
Carrying Lainnya/ 1 Bulan/ Bulan/ > 6 - 12 > 12 Bulan/
Value Others *) 1 Month Months Months > 12 Months
ASET ASSETS
Kas 924.451 - 924.451 - - - Cash
Bank Indonesia 9.858.758 - 9.858.758 - - - Bank Indonesia
Giro pada bank lain 400.215 (2.308) 402.523 - - - other banks
dan bank lain 4.839.268 (50) 4.839.318 - - - and other banks
Efek-efek 4.201.682 (8.758) 1.863.972 844.955 1.171.638 329.875 Securities
Obligasi Pemerintah 8.384.960 - - 149.412 316.356 7.919.192 Government bonds
pembiayaan/piutang Loans and sharia
syariah 99.330.214 (1.137.177) 1.282.726 4.573.568 4.201.450 90.409.647 financing/receivables
diterima 923.688 - 923.688 - - - Interest receivable
Aset lain-lain**) 355.942 - 355.942 - - - Other assets**)
Total 129.219.178 (1.148.293) 20.451.378 5.567.935 5.689.444 98.658.714 Total
Liabilitas segera ***) 1.161.447 - 1.161.447 - - - Current liabilities***)
Simpanan nasabah 96.207.622 - 67.652.296 14.598.613 8.548.351 5.408.362 Deposits from customers
Simpanan dari bank lain 275.257 - 22.125 102.317 150.815 - Deposits from other banks
Efek-efek yang dijual Securities sold under
dengan janji dibeli kembali 2.652.730 - - 317.730 - 2.335.000 repurchase agreements
Surat berharga yang
diterbitkan 8.836.711 - - 899.616 - 7.937.095 Securities issued
Pinjaman yang diterima 7.073.032 - 5.930 569.828 995.606 5.501.668 Fund borrowings
Bunga yang masih harus
dibayar 241.370 - 241.370 - - - Interest payables
Liabilitas lain-lain****) 1.931.789 - 1.931.789 - - - Other liabilities****)
Total 118.379.958 - 71.014.957 16.488.104 9.694.772 21.182.125 Total
Perbedaan jatuh tempo 10.839.220 (1.148.293) (50.563.579) (10.920.169) (4.005.328) 77.476.589 Maturity gap
200
2012
Nilai > 6 - 12
ASET ASSETS
Kas 694.941 - 694.941 - - - Cash
dan bank lain 11.466.296 (6.050) 11.323.760 148.586 - - and other banks
Efek-efek 1.013.796 (8.769) 61.699 433.574 256.626 270.666 Securities
syariah 80.430.049 (980.714) 1.037.755 3.670.893 4.099.546 72.602.569 financing/receivables
Total 109.776.289 (997.283) 21.822.182 4.405.007 4.468.718 80.077.665
Liabilitas segera ***) 1.082.705 - 1.082.705 - - - Current liabilities***)
Simpanan nasabah 80.667.983 - 66.537.705 10.618.775 3.496.888 14.615 Deposits from customers
Simpanan dari bank lain 706.703 - 703.528 2.810 365 - Deposits from other banks
dengan janji dibeli kembali 2.335.000 - - - - 2.335.000 repurchase agreements
Surat berharga yang
Pinjaman yang diterima 6.737.260 - 5.930 1.099.169 2.299.790 3.332.371 Fund borrowings
Liabilitas lain-lain****) 1.490.302 - 1.490.302 - - - Other liabilities****)
Total 100.350.009 - 70.013.450 12.020.603 5.797.043 12.518.913 Total
Perbedaan jatuh tempo 9.426.280 (997.283) (48.191.268) (7.615.596) (1.328.325) 67.558.752 Maturity gap
2011
Nilai >1-6 > 6 - 12

Tercatat/ Bulan/ Bulan/
Carrying Lainnya/ 1 Bulan/ >1-6 > 6 - 12 > 12 Bulan/
ASET ASSETS
Kas 512.399 - 512.399 - - - Cash
dan bank lain 9.777.564 (3.051) 8.670.187 1.110.428 - - and other banks
Efek-efek 733.953 (5.014) 149.684 174.878 149.740 264.665 Securities
Obligasi Pemerintah 7.106.814 - - - 2.207 7.104.607 Government bonds
syariah 62.619.586 (944.098) 760.349 2.890.915 3.681.101 56.231.319 financing/receivables
Total 87.268.727 (954.485) 16.613.352 4.176.221 3.833.048 63.600.591 Total
201
2011
Nilai > 6 - 12
Liabilitas segera ***) 860.703 - 860.703 - - - Current liabilities***)
Simpanan nasabah 61.970.015 - 52.558.485 7.852.674 1.547.912 10.944 Deposits from customers
dengan janji dibeli kembali 4.450.494 - 557.734 1.557.760 - 2.335.000 repurchase agreements
Surat berharga yang
Pinjaman yang diterima 5.695.307 - - - - 5.695.307 Fund borrowings
Liabilitas lain-lain****) 1.250.686 - 837.621 23.874 46.459 342.732 Other liabilities****)
Total 80.632.144 - 55.778.790 9.735.817 1.594.981 13.522.556 Total
Perbedaan jatuh tempo 6.636.583 (954.485) (39.165.438) (5.559.596) 2.238.067 50.078.035 Maturity gap
*) Termasuk cadangan kerugian penurunan nilai atas aset dan *) Includes allowance for impairment losses on financial assets
liabilitas keuangan. and liabilities.
**) Terdiri dari tagihan pihak ketiga. **) Consists of third party receivables.
***) Terdiri dari kewajiban kepada pihak ketiga, bagi hasil yang ***) Consists of third party payables, undistributed profit sharing,
belum dibagikan, deposito berjangka jatuh tempo dan bunga matured time deposits and interest on time deposits not
atas deposito berjangka namun belum diambil nasabah. collected by customers.
****) Terdiri dari setoran jaminan dan dana jaminan pengembang. ****) Consists of guarantee deposits and developers’ security
deposits.
Tabel di bawah ini menunjukkan sisa jatuh tempo The table below shows the remaining contractual
kontraktual dari liabilitas keuangan berdasarkan maturities of financial liabilities based on
pada arus kas yang tidak didiskonto (pokok dan undiscounted cashflows (principal and interest):
bunga):
31 Desember 2013/December 31, 2013
>1-6 > 6 - 12
1 Bulan/ Bulan/ Bulan/ > 12 Bulan/
Total On demand Month Months Months Months
Liabilitas segera *) 1.161.447 - 1.161.447 - - - Current liabilities*)
Simpanan nasabah Deposits from customers
Deposito berjangka 55.582.014 - 34.276.782 12.231.986 4.085.205 4.988.041 Time deposits
Tabungan 24.963.358 24.963.358 - - - - Savings deposits
Giro 19.346.167 19.346.167 - - - - Demand deposits
Simpanan dari bank lain 283.862 15.979 6.155 105.412 156.316 - Deposits from other banks
dengan janji dibeli kembali 3.395.275 - 34.061 365.117 77.131 2.918.966 repurchase agreements
Surat berharga yang
diterbitkan 14.085.813 - - 1.323.188 368.062 12.394.563 Securities issued
Pinjaman yang diterima 7.491.909 - - 594.354 583.990 6.313.565 Fund borrowings
Liabilitas lain-lain**) 1.931.789 - 1.931.789 - - - Other liabilities**)
Total 128.483.004 44.325.504 37.651.604 14.620.057 5.270.704 26.615.135 Total
202
>1-6 > 6 - 12
Liabilitas segera *) 1.082.705 - 1.082.705 - - - Current liabilities*)
Deposito berjangka 48.578.748 - 35.604.045 9.586.586 3.372.868 15.249 Time deposits
Simpanan dari bank lain 708.951 17.809 687.958 2.819 365 - Deposits from other banks
dengan janji dibeli kembali 3.005.242 - 28.323 36.344 64.667 2.875.908 repurchase agreements
Surat berharga yang
diterbitkan 11.630.689 - - 662.188 344.188 10.624.313 Securities issued
Pinjaman yang diterima 7.980.626 - 41.286 1.242.982 3.359.919 3.336.439 Fund borrowings
Total 109.998.597 35.345.863 39.127.899 11.530.919 7.142.007 16.851.909 Total
>1-6 > 6 - 12
Liabilitas segera *) 860.703 - 860.703 - - - Current liabilities*)
Deposito berjangka 36.280.391 - 26.240.348 8.376.856 1.651.512 11.675 Time deposits
dengan janji dibeli kembali 4.734.548 - 599.094 1.651.422 - 2.484.032 repurchase agreements
Surat berharga yang
Pinjaman yang diterima 6.067.884 - 6.316 64.458 75.568 5.921.542 Fund borrowings
Total 84.598.315 28.430.755 29.947.042 10.423.637 1.727.710 14.069.171 Total
*) Terdiri dari kewajiban kepada pihka ketiga, bagi hasil yang *) Consists of third party payables, undistributed profit
belum dibagikan, deposito berjangka jatuh tempo dan bunga sharing, matured time deposits and interest on time
atas deposito berjangka namun belum diambil nasabah. deposits not collected by customers.
**) Terdiri dari setoran jaminan dan dana jaminan pengembang **) Consists of guarantee deposits and developers’
security deposits.
Risiko Pasar Market Risk
Risiko Pasar merupakan risiko pada laporan posisi Market risk is the risk on statement of financial
keuangan dan rekening administratif termasuk position and administrative accounts, including
transaksi derivatif, akibat perubahan secara derivative transactions, due to changes in overall
keseluruhan dari kondisi pasar. market conditions.
203
Risiko Pasar (lanjutan) Market Risk (continued)
Dalam melakukan pengukuran risiko pasar, Bank In measuring market risk, the Bank uses the
menggunakan perhitungan Standard Method yang Standardized Method in calculating CAR for market
dihubungkan untuk menghitung Kewajiban risk. Exchange rate risk arises from fluctuations in
Penyediaan Modal Minimum (KPMM) untuk Risiko exchange rates maintained by keeping the net
Pasar. Sedangkan risiko nilai tukar yang timbul dari open position in accordance with Bank Indonesia
fluktuasi nilai tukar dikelola dengan cara menjaga regulations. External shocks are also being
Posisi Devisa Neto sesuai dengan peraturan Bank considered by stress testing, which is done to
Indonesia. Gejolak eksternal juga diakomodasi measure the extent to which the Bank can survive
dengan dilakukan stress testing untuk melihat some scenario changes in external conditions,
sejauh mana Bank dapat bertahan dengan particularly changes in market interest rates.
beberapa skenario perubahan kondisi eksternal,
khususnya perubahan suku bunga pasar.
Termasuk di dalam risiko pasar adalah risiko Market risk includes the risk of price changes of
perubahan harga instrumen keuangan akibat financial instruments due to changes in market
perubahan faktor-faktor pasar, seperti perubahan factors, such as changes in interest rates and
suku bunga dan perubahan nilai tukar mata uang. exchange rates.
i. Risiko tingkat suku bunga i. Interest rate risk
Risiko tingkat bunga timbul dari adanya Interest rate risks arise from the possibility that
kemungkinan bahwa perubahan tingkat suku changes in interest rates will affect future cash
bunga akan mempengaruhi arus kas masa flows or the fair values of financial instruments.
depan dari nilai wajar instrumen keuangan.
Tabel di bawah ini merupakan kisaran tingkat The table below summarizes the range of
suku bunga kontraktual per tahun untuk aset dan contractual interest rates per annum for
liabilitas keuangan yang penting untuk tahun significant financial assets and liabilities in 2013,
yang berakhir pada tahun 2013, 2012 dan 2011: 2012 and 2011:
2013 2012 2011
Dollar Amerika Dollar Amerika Dollar Amerika

Aset Rupiah Serikat Rupiah Serikat Rupiah Serikat Assets

Giro pada bank lain 0,00% - 3,00% 0,00% - 0,10% 0,00% - 4,00% 0,00% - 0,10% 0,00% - 4,75% 0,00% - 0,10% other Bank
Penempatan pada Bank Placements with Bank
Indonesia dan Indonesia and
Bank Lain 5,00% - 5,75% - 4,00% - 4,70% - 4,50% - 5,05% 0,00% - 0,01% other Banks
Efek-efek 4,89% - 10,35% 5,63% 3,98% - 7,60% - 5,15% - 10,35% - Securities
Obligasi Pemerintah Government bonds
Tingkat bunga tetap 5,25% - 8,50% 3,30% - 4,63% 5,25% - 14,28% - 12,50% - 14,28% - Fixed interest rate
Tingkat bunga
Mengambang 5,27% - 5,36% - 1,95% - 4,02% - 4,47% - 4,81% - Variable interest rate
Piutang Syariah 3,25% - 25,20% - 2,50% - 25,50% - 2,00% - 25,20% - receivables

Giro 0,00% - 6,00% 0,00 – 0,01% 0,00% - 5,00% 0,00% - 0,01% 0,00% - 5,00% 0,00% - 0,01% Demand deposits
Tabungan 0,00% - 4,75% - 0,00% - 4,00% - 0,00% - 4,50% - Savings deposits
Deposito Berjangka 3,50% - 10,50% 0,05% 2,75% - 7,25% 0,05% 3,75% - 7,75% 0,05% Time deposits
Simpanan dari Bank
Lain 0,00% - 7,50% - 0,00% - 4,75% - 0,00% - 6,00% - Deposits from other banks
Efek-efek yang dijual dengan Securities sold under
janji dibeli kembali 4,65% - 8,50% - 2,15% - 6,93% - 5.13% - 8,50% - repurchase agreements
Surat berharga yang Securities issued
yang diterbitkan 7,90% - 12,75% - 7,90% - 12,75% - 9,50% - 12,75% - repurchase agreements
Pinjaman yang
diterima 2,00% - 9,00% - 2,00% - 10,25% - 2,00% - 10,25% - Fund Borrowings
204
Tabel di bawah ini mengikhtisarkan eksposur The tables below summarize the Bank’s
Bank terhadap risiko tingkat suku bunga (gross) exposure to interest rate risk (gross) as of
pada tanggal-tanggal 31 Desember 2013, 2012 December 31, 2013, 2012 and 2011:
dan 2011:
2013
Suku bunga mengambang/Variable interest rate
Lebih dari 3
bulan tetapi
tidak lebih
dari 1 tahun/ Tidak
Tidak lebih More than 3 Lebih dari 1 Suku bunga dikenakan
dari 3 bulan/ months but tahun/ tetap/ bunga/syariah
Not more than less than 1 More than 1 Fixed Non-interest
3 months year year interest rate bearing/sharia Total
Aset Keuangan Financial Assets
Kas - - - - 924.451 924.451 Cash

Giro pada Bank Indonesia 9.190.113 - - - 668.645 9.858.758 Current accounts with Bank Indonesia
Giro pada bank lain 402.299 - - - 224 402.523 Current accounts with other banks
dan bank lain - - - 4.269.318 570.000 4.839.318 and other banks
Efek-efek 249.213 - - 3.802.194 159.033 4.210.440 Securities
Obligasi Pemerintah 6.178.043 - - 1.691.869 515.048 8.384.960 Government bonds
Kredit yang diberikan dan piutang Loans and sharia financing/
/pembiayaan syariah 1.988.101 6.361.098 66.957.152 17.079.957 8.081.083 100.467.391 receivables
Bunga yang masih akan diterima - - - - 923.688 923.688 Interest receivable
Aset lain-lain*) - - - - 355.942 355.942 Other assets*)
Total aset keuangan 18.007.769 6.361.098 66.957.152 26.843.338 12.198.114 130.367.471 Total financial assets
Dikurangi: Less:
Neto 129.219.178 Net
Liabilitas Keuangan Financial Liabilities
Liabilitas segera**) - - - - 1.161.447 1.161.447 Current liabilities**)

Simpanan dari nasabah Deposits from customers
Giro 17.960.965 - - - 1.155.231 19.116.196 Demand deposits
Tabungan 23.142.997 - - 240.450 854.446 24.237.893 Savings deposits
Deposito berjangka - - - 48.270.633 4.582.900 52.853.533 Time deposits
Simpanan dari bank lain 9.302 - - 254.224 11.731 275.257 Deposits from other banks
Surat-surat berharga diterbitkan - - - 8.836.711 - 8.836.711 Securities issued
Efek-efek yang Securities sold under repurchase
dijual dengan janji dibeli kembali 2.335.000 - - 317.730 - 2.652.730 agreements
Pinjaman yang diterima - - - 6.643.032 430.000 7.073.032 Fund Borrowings
Bunga yang masih harus dibayar - - - - 241.370 241.370 Interest payables
Liabilitas lain-lain***) - - - - 1.931.789 1.931.789 Other liabilities***)
Total liabilitas keuangan 43.448.264 - - 64.562.780 10.368.914 118.379.958 Total financial liabilities
Gap repricing
suku bunga-kotor (25.440.495) 6.361.098 66.957.152 (37.719.442) 1.829.200 10.839.220 Gross interest repricing gap
2012
Lebih dari 3
bulan tetapi
tidak lebih
dari 1 tahun/ Tidak
Kas - - - - 694.941 694.941 Cash

Giro pada Bank Indonesia 6.757.791 - - - 540.044 7.297.835 Current accounts with Bank Indonesia
Efek-efek 189.616 - - 32.406 800.543 1.022.565 Securities
/pembiayaan syariah 2.073.804 5.532.396 55.893.983 11.910.522 6.000.058 81.410.763 receivables
Dikurangi: Less:
Neto 109.776.289 Net
205

2012
Lebih dari 3
bulan tetapi
tidak lebih
dari 1 tahun/ Tidak
Liabilitas segera**) - - - - 1.082.705 1.082.705 Current liabilities**)

Giro 12.510.533 - - - 760.694 13.271.227 Demand deposits
dijual dengan janji dibeli kembali 2.335.000 - - - - 2.335.000 agreements
Pinjaman yang diterima - - - 6.337.260 400.000 6.737.260 Fund Borrowings
Gap repricing
suku bunga-kotor (19.433.865) 5.532.396 55.893.983 (32.956.430) 1.387.479 9.426.280 Gross interest repricing gap
2011
Lebih dari 3
bulan tetapi
tidak lebih
dari 1 tahun/ Tidak
Kas - - - - 512.399 512.399 Cash

Giro pada Bank Indonesia - - - 4.950.682 310.736 5.261.418 Current accounts with Bank Indonesia
Efek-efek-neto - - - 605.918 133.049 738.967 Securities - net
/pembiayaan syariah - - 52.961.908 6.375.848 4.225.928 63.563.684 receivables
Total aset keuangan 7.193.941 - 52.961.908 21.430.611 6.636.752 88.223.212 Total financial assets
Dikurangi: Less:
Neto 87.268.727 Net
Liabilitas segera**) - - - - 860.703 860.703 Current liabilities**)

Giro 12.715.462 - - - 434.125 13.149.587 Demand deposits
dijual dengan janji dibeli kembali 2.835.000 - - 1.615.494 - 4.450.494 agreements
Pinjaman yang diterima - - - 5.695.307 - 5.695.307 Fund borrowings
Gap repricing
suku bunga-kotor (22.704.327) - 52.961.908 (23.195.714) 529.201 6.636.583 Gross interest repricing gap
*) Terdiri dari tagihan kepada pihak ketiga. *) Consists of third party receivables.
**) Terdiri dari titipan nasabah, bagi hasil yang belum **) Consists of customer remittances, undistributed profit
dibagikan, deposito berjangka jatuh tempo dan bunga sharing, matured time deposits and interest on time
atas deposito berjangka namun belum diambil nasabah. deposits not collected by customers.
***) Terdiri dari setoran jaminan dan dana jaminan ***) Consists of guarantee deposits and developers’
pengembang. security deposits.
206
Analisis sensitivitas untuk beberapa faktor pasar Sensitivity analyses for several market factors
menunjukkan bagaimana laba atau rugi dan showing how profit or loss and equity could be
ekuitas dapat dipengaruhi oleh perubahan dari affected by changes in the relevant risk factor are
beberapa faktor risiko sesuai dengan tabel shown in the tables below. In general, sensitivity
dibawah ini. Secara umum, sensitivitas is estimated by comparing an initial value to the
diestimasi dengan membandingkan suatu nilai value derived after a specified change in the
awal ke nilai tertentu setelah perubahan tertentu market factor, assuming all other variables are
dari faktor pasar, dengan mengasumsikan constant. The sensitivity of the statements of
seluruh variabel lainnya tetap. Sensitivitas atas comprehensive income is the effect of the
laporan laba rugi komprehensif merupakan efek assumed changes in interest rates on the profit
atas perubahan estimasi suku bunga atas laba or loss for a period, based on the variable rate
rugi untuk suatu periode, berdasarkan nilai suku trading and non-trading financial assets and
bunga mengambang atas aset dan liabilitas yang liabilities held by the Bank as of December 31,
diperdagangkan dan tidak diperdagangkan yang 2013. The sensitivity of equity is calculated by
dimiliki Bank pada tanggal 31 Desember 2013. revaluing fixed rate available-for-sale financial
Analisis sensitivitas atas ekuitas dihitung dengan assets as of December 31, 2013 for the effects of
menilai kembali perubahan estimasi suku bunga the assumed changes in interest rates. The total
tetap atas aset keuangan yang tersedia untuk sensitivity of equity is based on the assumption
dijual pada tanggal 31 Desember 2013. Jumlah that there are parallel shifts in the yield curve.
sensitivitas atas ekuitas didasarkan pada asumsi
bahwa terdapat perubahan paralel dalam kurva
penghasilan.
Tabel dibawah ini menunjukkan sensitivitas dari The table below demonstrates the sensitivity of
laporan laba rugi komprehensif dan ekuitas Bank the Bank’s statements of comprehensive income
terhadap kemungkinan perubahan wajar atas and equity to reasonably possible changes in
suku bunga untuk aset dan liabilitas keuangan interest rates for fixed rate financial assets and
dengan suku bunga tetap pada tanggal liabilities as of December 31, 2013:
31 Desember 2013:
2013
Dampak ke laporan
laba rugi Dampak ke
Perubahan basis komprehensif/Impact ekuitas
poin/Change to Statement of /Impact to
in basis point Comprehensive Income Equity
Rupiah +50 (8.696) (18.700)

-50 9.206 20.023
+125 (20.852) (44.378)
-125 24.051 52.673
Dollar Amerika Serikat +50 (3.109) -
-50 3.380 -
125 (7.327) -
-125 9.028 -
Tabel dibawah ini menunjukkan sensitivitas dari The table below demonstrates the sensitivity of
laporan laba rugi terhadap kemungkinan profit or loss to reasonably possible changes in
perubahan wajar atas suku bunga untuk aset interest rates for variable rate financial assets
dan liabilitas keuangan dengan suku bunga and liabilities as of December 31, 2013:
variabel pada tanggal 31 Desember 2013:
2013
Perubahan Pengaruh ke
basis poin/ laporan laba rugi
Change in komprehensif/ Impact to
basis point Statement of
comprehensive income
Rupiah ±50 ±120.290

±125 ±300.725
207
ii. Risiko Mata Uang ii. Foreign Currency Risk
Risiko mata uang adalah kemungkinan kerugian Foreign currency risk is the probability of loss
pendapatan yang timbul dari perubahan kurs to earnings arising from changes in foreign
valuta asing. Bank mengelola paparan terhadap exchange rates. The Bank manages exposure
pengaruh fluktuasi nilai tukar mata uang asing to effects of fluctuations in foreign currency
dengan mempertahankan risiko mata uang asing exchange rates by maintaining foreign currency
dalam pedoman peraturan yang ada (yakni exposure within the existing regulatory
menjaga Posisi Devisa Neto sesuai dengan guidelines (i.e maintaining the Net Open
peraturan Bank Indonesia). Position based on Bank Indonesia regulations).
2013
Perubahan
persentase
nilai tukar
mata uang Pengaruh ke
asing/ laporan laba
Percentage rugi komprehensif/
change in Impact to
foreign Statement of
currency rate comprehensive income
Dolar Amerika Serikat ±0,30% ±368

±0,35% ±430
Sensitivitas atas laporan laba rugi komprehensif The sensitivity of the statements of
merupakan dampak yang diestimasi atas comprehensive income is the estimated effect
perubahan yang diasumsikan atas perubahan of the assumed change in foreign currency
nilai tukar berdasarkan aset dan liabilitas exchange rates on income, based on foreign
keuangan yang dalam mata uang asing. currency denominated assets and liabilities.
Pada tanggal 31 Desember 2013, dampak atas As of December 31, 2013, the effect of
perubahan nilai tukar dari mata uang lainnya fluctuations in exchange rates of other
seperti Pound Sterling Inggris, Euro Eropa, Yen currencies, such as British Pound Sterling,
Jepang, Dolar Singapura, Dolar Australia dan European Euro, Japanese Yen, Singapore
Dolar Hongkong tidak material. Dollar, Australian Dollar and Hongkong Dollar,
is not material.
Risiko Operasional Operational Risk
Risiko Operasional merupakan risiko akibat Operational risk is a risk arising from the
ketidakcukupan dan/atau tidak berfungsinya proses inadequacy and/or failure of internal processes,
internal, kesalahan manusia, kegagalan sistem, human error, system failure, and/or the presence of
dan/atau adanya kejadian-kejadian eksternal yang external events that can affect the operations of the
mempengaruhi operasional Bank. Bank.
Risiko Operasional yang timbul harus segera Operational risk arising should be anticipated.
diantisipasi. Pencadangan modal yang dilakukan Provision of capital held by bank is calculated
Bank yang dihitung berdasarkan kebutuhan modal based on minimum Capital Adequacy Ratio (CAR)
minimum (CAR) merupakan salah satu langkah which is one of anticipatory measures in order the
antisipasi agar eksposur Risiko Operasional tidak operational risk exposure not interfere Bank’s
sampai mengganggu permodalan. capital structure.
208
Risiko Operasional (lanjutan) Operational Risk (continued)
Dalam rangka menghitung kebutuhan modal In order to calculate the minimum Capital
minimum (CAR) untuk risiko operasional, Bank Adequacy Ratio (CAR) for operational risk, the
menerapkan Pendekatan Indikator Dasar (Basic Bank applies the Basic Indicator Approach, in
Indicator Approach), sesuai Surat Edaran Bank accordance with Bank Indonesia Circular Letter
Indonesia Nomor 11/3/DPNP tanggal 27 Januari No. 11/3/DPNP dated January 27, 2009 regarding
2009 perihal Perhitungan Aset tertimbang Menurut the calculation of Risk Weighted Assets (RWA) for
Risiko (ATMR) untuk Risiko Operasional Dihitung Operational Risk Calculated using Basic Indicator
dengan Pendekatan Indikator Dasar (PID). Approach (PID).
Dalam pemantauan risiko operasional, fungsi In monitoring operational risk, Internal Audit
Internal Audit melaksanakan penilaian terhadap performs an assessment of the implementation of
implementasi kebijakan dan prosedur manajemen risk management policies and procedures at each
risiko pada setiap aktivitas fungsional, produk atau functional activity, product or new service and the
layanan baru dan Risk Management Division RMD also ensures that the identification,
(RMD) berfungsi memastikan proses identifikasi, measurement, monitoring and risk control, work
pengukuran, pemantauan dan pengendalian risiko effectively on any functional activity, product or new
berjalan dengan efektif pada setiap aktivitas services.
fungsional, produk atau layanan baru.
Dalam rangka melakukan proses identifikasi risiko, In order to make the process of identifying risks, the
saat ini Bank sedang mengembangkan aplikasi Bank is currently developing applications BTN Loss
BTN Loss Event Database (BTN-LED). Aplikasi Event Database (BTN-LED). The application of
BTN LED ini dirancang terhubung dengan Kantor LED was designed BTN connected with regional
Wilayah dan Kantor Cabang. Dengan demikian offices and branch offices. Thus regional offices
Kantor Wilayah dan Kantor Cabang dapat secara and branch offices can periodically send data loss
periodik mengirimkan data loss event masing- event each office online through media we (web
masing kantor secara online melalui media we based). The Data collected will the be processed
(web based). Data yang terkumpul selanjutnya and analyzed. Processing and analysis of the
akan diolah dan dianalisis. Dari hasil pengolahan results are expected to be identified as a risk
dan analisis tersebut diharapkan akan exposure maps are obtained, further mitigation
teridentifikasi peta eksposur risiko yang diperolah, measures will be performed against the identified
selanjutnya akan dilakukan langkah mitigasi risk exposures.
terhadap eksposur risiko yang teridentifikasi
tersebut.
Pengendalian dan mitigasi risiko operasional Controlling and mitigating operational risk is
dilaksanakan oleh seluruh satuan kerja Bank. Divisi conducted by risk taking units within the Bank. The
Manajemen Risiko bertugas untuk memastikan RMD ensures that the Bank has adequate policies
bahwa Bank telah memiliki kebijakan dan prosedur and procedures, which must be complied and
pengendalian dan mitigasi risiko operasional yang carried out by each risk taking unit in conducting
memadai yang wajib dipatuhi dan dilaksanakan its daily transactions and activities accurately,
oleh setiap satuan kerja dalam melaksanakan efficiently and in a timely manner.
transaksi dan aktivitas dengan akurat, efisien dan
tepat waktu.
Risiko Hukum Legal Risk
Bank melaksanakan identifikasi risiko hukum The Bank identifies legal risk based on its causes
berdasarkan faktor-faktor penyebab timbulnya which include legal litigation, absence of support in
risiko yang meliputi tuntutan hukum, tidak adanya law or regulation and weak agreement. At the same
peraturan regulasi hukum yang mendukung, dan time, each division together with RMD and the
kelemahan perjanjian. Di samping itu, setiap divisi Corporate Secretary Division (CSD), analyzes
bersama-sama dengan Divisi Manajemen Risiko periodically the impact of changes in certain rules
dan Divisi Sekretariat Perusahaan secara berkala and regulations on the Bank’s legal risk exposures.
menganalisis dampak perubahan ketentuan atau
peraturan tertentu terhadap eksposur risiko hukum.
209
Risiko Hukum (lanjutan) Legal Risk (continued)
Pengukuran risiko hukum dilaksanakan oleh Divisi Legal risk measurement is conducted by RMD and
Manajemen Risiko bersama-sama Divisi CSD based on the evaluation report resulting from
Sekretariat Perusahaan berdasarkan laporan hasil the analysis of individual legal cases on contingent
evaluasi atas analisis kasus-kasus hukum secara liabilities arising from legal litigation.
individual terhadap liabilitas kontinjensi yang timbul
dari tuntutan hukum yang terjadi.
Pemantauan risiko hukum dilaksanakan oleh Divisi Legal risk monitoring is conducted by RMD to
Manajemen Risiko untuk mengevaluasi efektivitas evaluate the effectiveness of policies, procedures
dari implementasi kebijakan, prosedur dan and compliance with the Bank’s policies and
kepatuhan terhadap kebijakan, regulasi hukum prevailing laws and regulations. Periodic monitoring
serta ketentuan limit Bank. Pemantauan is conducted on all legal risk exposures.
dilaksanakan secara berkala terhadap seluruh
posisi risiko hukum.
Dalam melaksanakan pengendalian risiko hukum, To mitigate legal risk, CSD provides legal advice
Divisi Sekretariat Perusahaan memberi masukan and recommendation to each division and risk
hukum dan rekomendasi kepada setiap divisi dan taking units and conducts a regular review of
satuan kerja serta melakukan review secara agreements with counterparties.
berkala terhadap perjanjian dan kontrak kerjasama
dengan counterparty.
Risiko Reputasi Reputational Risk
Identifikasi risiko reputasi dilakukan pada faktor- Reputational risk is identified on inherent risk
faktor risiko yang melekat pada aktivitas fungsional factors associated to functional activities including
yang mencakup keterbukaan (disclosure disclosure requirements, customer complaints
requirement), keluhan nasabah terhadap against the Bank, employee attitude when
pelayanan Bank, perilaku karyawan Bank dalam providing services to customers and the Bank’s
melayani nasabah dan sistem komunikasi Bank. communication systems.
Pengukuran risiko reputasi dilakukan berdasarkan Reputation risk measurement is based on the
hasil assesment terhadap faktor-faktor risiko results of assessment on the reputation risk factors.
reputasi. Risiko reputasi Bank dikelola oleh Bank reputation risk is managed by CSD and being
Corporate Secretary Division (CSD) dan dilaporkan reported to Bank Indonesia by Customer Care
ke Bank Indonesia oleh Customer Care Division Division (CCD).
(CCD).
Dalam rangka pemantauan risiko reputasi, In order to monitor reputational risk, the Bank
dikembangkan aplikasi Sistem Pengaduan developed an application called Customer
Nasabah (SPN) untuk mendukung layanan dan Complaint System (NES) to support customer
penanganan pengaduan nasabah yang service and complaint handling that allows online
memungkinkan proses penanganan pengaduan complaints handling process between the parties
secara online antar pihak-pihak yang terkait related to the issues at branch offices and head
dengan permasalahan di Kantor Cabang dan office. This will be useful to ensure sustained
Kantor Pusat. Hal ini berguna untuk memastikan customer satisfaction.
terjaganya kepuasan nasabah.
Dalam pengendalian risiko reputasi, satuan kerja CSD is responsible for implementing policies
yang berfungsi sebagai corporate secretary related to managing and settling negative issues or
bertanggung jawab dalam penerapan kebijakan avoiding counter-productive information and
yang berkaitan dengan penanganan dan performs the Public Service Obligation (PSO)
penyelesaian berita negatif atau menghindari function in connection with carrying out corporate
informasi kontra produktif serta untuk menjalankan social responsibility.
fungsi Public Service Obligation (PSO) dalam
rangka melaksanakan tanggung jawab sosial
perusahaan (corporate social responsibility).
210
Risiko Reputasi (lanjutan) Reputational Risk (continued)
Kegiatan Corporate Social Responsibility tidak Corporate Social Responsibility is not focused only
terfokus kepada kegiatan charity saja, tetapi juga on charity, but also in the form of a sustainable
dalam bentuk program yang berkesinambungan. program. This can be realized in the form of credit
Hal ini dapat diwujudkan dalam bentuk pemberian subsidies and implementation of the Partnership
kredit subsidi dan pelaksanaan Program Kemitraan and Community Development Program (PCDP).
dan Bina Lingkungan (PKBL).
Risiko Stratejik Strategic Risk
Risiko Stratejik merupakan risiko akibat Strategic risk is the risk arising from the
ketidaktepatan Bank dalam pengambilan dan/atau inaccuracies in the decision making and/or the
pelaksanaan suatu keputusan stratejik serta execution of a strategic decision and failure to
kegagalan dalam mengantisipasi perubahan anticipate changes in the business environment.
lingkungan bisnis. Identifikasi risiko stratejik Strategic Risk identification is based on the
dilakukan berdasarkan atas faktor-faktor risiko strategic risk factors on specific functional activities,
stratejik pada aktivitas fungsional tertentu, seperti such as lending, treasury and investment activities,
aktivitas perkreditan, treasuri dan investasi, serta as well as operations and services through a
operasional dan jasa melalui business plan yang business plan prepared by the Strategy &
disusun oleh Strategy & Performance Management Performance Management Division (SPMD) as
Division (SPMD) sebagaimana yang dijabarkan elaborated in the General Policy of the BOD.
dalam Kebijakan Umum Direksi (KUD).
Pengukuran Risiko Stratejik dan parameter Strategic risk and parameter measurement are
pengukurannya dilakukan berdasarkan kinerja based on the Bank's performance by comparing
Bank yaitu dengan membandingkan hasil aktual actual results with targets that have been set.
dengan target yang telah ditetapkan. Pemantauan Strategic risk monitoring is carried out by RMD
risiko stratejik dilakukan oleh Risk Management periodically to monitor the achievement of Key
Division secara berkala dengan memonitor Performance Indicators and risk exposures
pencapaian Key Perfomance Indicator dan risk compared to the Bank's risk appetite. Furthermore,
exposure dibandingkan dengan risk appetite bank. the BOC, BOD, Divisions and Branch Offices are
Selanjutnya, Dewan Komisaris, Direksi, Divisi dan reviewing the basic strategy that focuses on
Kantor Cabang mereview strategi dasar yang fokus changes in among others, the organizational
pada perubahan-perubahan antara lain struktur structure of the Bank, commercial lending, trade
organisasi Bank, perkreditan komersial, finance, treasury, operations and the strengths and
pembiayaan perdagangan, treasuri, operasional weaknesses of information technology systems.
dan kekuatan serta kelemahan sistem teknologi
informasi.
Dalam pengendalian risiko stratejik, Strategy & In controlling strategic risk, the Strategy &
Performance Management Division (SPMD) Performance Management Division (SPMD)
berfungsi menganalisa laporan aktual dan target analyzes actual results against target and
rencana bisnis dan menyampaikannya kepada periodically reports to the BOD. Furthermore, RMD,
Direksi secara berkala. Selanjutnya, RMD, satuan business units, Internal Audit Division (IAD) and
kerja bisnis, Internal Audit Division dan kantor branch offices monitor strategic risk by comparing
cabang Bank memantau risiko stratejik dengan the expected results with the actual results,
membandingkan hasil yang ingin dicapai dengan evaluating risk taking units’ performance and
hasil aktual, mengevaluasi kinerja fungsional unit ensuring achievement of targets.
kerja, dan memastikan pencapaian target.
211
Risiko Kepatuhan Compliance Risk
Risiko Kepatuhan merupakan risiko yang timbul Compliance risk is the risk arising from the Bank’s
akibat Bank tidak mematuhi dan/atau tidak inability to comply and/or carry out laws and
melaksanakan peraturan perundang-undangan dan regulations. In identifying compliance risks,
ketentuan yang berlaku. Dalam mengidentifikasi Compliance Division (CMPD) conducts a review
risiko kepatuhan, Compliance Division (CMPD) regarding compliance risk associated with
melakukan kajian terkait dengan eksposur Risiko exposure to external provision inherent in internal
Kepatuhan terhadap ketentuan eksternal yang regulations. In addition, CMPD analyzes the events
melekat pada ketentuan internal. Di samping itu, that led to the emergence of risk, which are
CMPD menganalisis kejadian yang menyebabkan reported to and reviewed by RMD and RMC.
timbulnya risiko kepatuhan dan menginformasikan
hal tersebut ke RMD dan RMC untuk direview.
Dalam rangka meminimalkan timbulnya Risiko In order to minimize the Compliance Risk, Legal
Kepatuhan, Legal Division (LGD) telah Division (LGD) has provided a special access
menyediakan portal khusus yang bernama Akses called Internal Access Management Standards
Internal Manajemen Standar (AIMS) untuk (AIMS) for easy access to the internal regulations
memudahkan seluruh unit bisnis melakukan akses of the Bank for the entire business units. In
terhadap ketentuan internal Bank. Di samping itu, addition, CMPD monitors the events that
Compliance Division melakukan monitoring contributed to compliance risk and reports these
terhadap kejadian-kejadian yang menyebabkan matters to RMD.
timbulnya risiko kepatuhan dan menginformasikan
hal tersebut ke RMD.
Pengukuran risiko kepatuhan dilakukan untuk Compliance risk is assessed by measuring the
mengukur potensi kerugian yang disebabkan oleh potential loss caused by the Bank’s non-
ketidakpatuhan dan ketidakmampuan Bank dalam compliance or inability to comply with prevailing
memenuhi ketentuan yang berlaku. Besarnya risiko regulations. The level of compliance risk is
kepatuhan diestimasi berdasarkan kemampuan estimated based on the Bank’s ability to comply
Bank untuk memenuhi seluruh peraturan pada with prevailing and upcoming regulations. These
waktu yang lampau dan yang akan datang. activities include reviewing all penalties, litigations
Kegiatan-kegiatan ini termasuk mereview semua and complaints received by the Bank.
penalti, litigasi, dan keluhan yang pernah diterima
Bank.
Dalam pemantauan risiko kepatuhan, RMD dan In monitoring compliance risk, RMD and CMPD are
CMPD bertugas untuk mengevaluasi efektivitas responsible to evaluate the effectiveness of the
implementasi manajemen risiko dengan memantau implementation of risk management by monitoring
secara berkala seluruh jenis kegiatan yang regularly all kinds of activities that could potentially
berpotensi menimbulkan risiko kepatuhan. pose a compliance risk.
Secara berkala, IAD melakukan pemantauan Periodically, IAD monitors and follow-up results of
terhadap hasil tindak lanjut audit baik dari intern both internal and external audits. BRO ensures that
maupun ekstern. BRO memastikan bahwa kantor the branch offices have completed the
cabang telah menyelesaikan temuan/hasil findings/results of the related audit.
pemeriksaan tersebut.
212
44. NILAI WAJAR ASET DAN LIABILITAS 44. FAIR VALUE OF FINANCIAL ASSETS AND
KEUANGAN LIABILITIES
Tabel di bawah ini menyajikan perbandingan The table below summarizes the comparison
antara nilai tercatat dan nilai wajar dari semua aset between the carrying amounts and fair values of all
dan liabilitas keuangan. Nilai wajar yang financial assets and liabilities of the Bank. The fair
diungkapkan adalah berdasarkan informasi relevan values disclosed are based on relevant information
yang tersedia pada tanggal 31 Desember 2013, available as of December 31, 2013, 2012 and
2012 dan 2011, dan tidak diperbaharui untuk 2011 and are not updated to reflect changes in
mencerminkan perubahan dalam kondisi pasar market conditions which have occurred after these
yang telah terjadi setelah tanggal ini. dates.
2013 2012 2011
Nilai Tercatat/ Nilai wajar/ Nilai Tercatat/ Nilai wajar/ Nilai Tercatat/ Nilai wajar/
Aset Keuangan Carrying Value Fair value Carrying Value Fair value Carrying Value Fair value Financial Assets
Kas 924.451 924.451 694.941 694.941 512.399 512.399 Cash

Efek-efek 2.096.633 2.096.633 429.261 429.261 208.110 208.110 Securities
Obligasi Pemerintah 696.747 696.747 45.748 45.748 - - Government bonds

Efek-efek 1.841.538 1.841.538 250.630 250.630 4.179 4.179 Securities
Obligasi Pemerintah 5.990.887 5.990.887 5.772.688 5.772.688 5.685.269 5.685.269 Government bonds

Efek-efek 263.511 272.361 333.905 353.436 521.664 521.791 Securities
Obligasi Pemerintah 1.697.326 1.693.894 1.650.494 1.662.537 1.421.545 1.307.267 Government bonds

dan piutang Loans and Receivable
Giro pada Bank Current accounts with
Indonesia 9.858.758 9.858.758 7.297.835 7.297.835 5.261.418 5.261.418 Bank Indonesia
Giro pada bank lain-netto 400.215 400.215 161.993 161.993 208.252 208.252 other Bank-net
Penempatan pada Bank Placements with Bank
Indonesia dan Indonesia and
Bank Lain-netto 4.839.268 4.839.268 11.466.296 11.466.296 9.777.564 9.777.564 other Banks-net
Piutang Syariah -netto receivables-net
Konsumer Konsumer
Pemilikan rumah 67.899.625 67.899.625 54.760.814 54.760.814 43.908.628 43.908.628 Housing loan
Non-kepemilikan Rumah 8.587.130 8.587.130 7.193.747 7.193.747 5.382.363 5.382.363 Non-housing loan
Modal kerja 18.247.771 18.247.771 14.887.603 14.887.603 11.028.341 11.028.341 Working capital
Investasi 3.952.243 3.952.243 3.249.498 3.249.498 2.061.682 2.061.682 Investment
Sindikasi 62.709 62.709 28.047 28.047 32.233 32.233 Syndicated
Direksi dan karyawan 580.736 580.736 310.340 310.340 206.339 206.339 Directors and employees
diterima 923.688 923.688 871.985 871.985 718.892 718.892 Interest receivable
Liabilitas segera**) 1.161.447 1.161.447 1.082.705 1.082.705 860.703 860.703 Current liabilities**)
Giro 19.116.196 19.116.196 13.271.227 13.271.227 13.149.587 13.149.587 Demand deposits
Tabungan 24.237.893 24.237.893 21.540.425 21.540.425 14.815.913 14.815.913 Savings deposits
Deposito Berjangka 52.853.533 52.853.533 45.856.331 45.856.331 34.004.515 34.004.515 Time deposits
Simpanan dari Bank Lain Deposits from other banks
Giro 14.065 14.065 10.332 10.332 15.090 15.090 Demand deposits
Tabungan 1.914 1.914 7.477 7.477 2.536 2.536 Savings deposits
Deposito Berjangka 259.278 259.278 688.894 688.894 775.344 775.344 Time deposits
dengan janji dibeli kembali 2.652.730 2.652.730 2.335.000 2.335.000 4.450.494 4.450.494 repurchase agreements
Surat berharga yang
Diterbitkan 8.836.711 8.836.711 7.136.776 7.136.776 5.438.382 5.438.382 Securities issued
Pinjaman yang diterima 7.073.032 7.073.032 6.737.260 6.737.260 5.695.307 5.695.307 Fund Borrowings
dibayar 241.370 241.370 193.280 193.280 173.587 173.587 Interest payables
Liabilitas lain-lain***) 1.931.789 1.931.789 1.490.302 1.490.302 1.250.686 1.250.686 Other liabilities**)
Total liabilitas
keuangan 118.379.958 118.379.958 100.350.009 100.350.009 80.632.144 80.632.144 Total financial liablities
*) Terdiri dari tagihan pihak ketiga. *) Consists of third party receivables.

**) Terdiri dari kewajiban kepada pihak ketiga, bagi hasil yang **) Consists of third party payables, undistributed profit sharing,
belum dibagikan, deposito berjangka jatuh tempo dan bunga matured time deposits and interest on time deposits not
atas deposito berjangka namun belum diambil nasabah. collected by customers.
***) Terdiri dari setoran jaminan dan dana jaminan pengembang. ***) Consists of guarantee deposits and developers’ security
deposits.
213
KEUANGAN (lanjutan) LIABILITIES (continued)
Tabel di bawah ini menyajikan instrumen keuangan The table below shows the financial instruments
yang diakui pada nilai wajar berdasarkan hirarki recognized at fair value based on the hierarchy
yang digunakan Bank untuk menentukan dan used by the Bank in determining and disclosing the
mengungkapkan nilai wajar dari instrumen fair value of financial instruments
keuangan:
(i) Tingkat 1: dikutip dari harga pasar aktif untuk (i) Level 1: Quoted (unadjusted) prices in active
aset atau liabilitas keuangan yang identik; markets for identical financial assets or
(ii) Tingkat 2: yang melibatkan input selain dari liabilities;
harga pasar aktif yang dikutip yang termasuk (ii) Level 2: Those involving inputs other than
dalam tingkat 1 yang dapat diobservasi untuk quoted prices included in Level 1 that are
aset dan liabilitas, baik secara langsung (seperti observable for the asset or liability, either
harga) atau tidak langsung (turunan dari harga); directly (as prices) or indirectly (derived from
(iii) Tingkat 3: input untuk aset dan liabilitas prices);
yang tidak didasarkan pada data yang (iii) Level 3: Those with inputs for the asset or
dapat diobservasi di pasar (input yang liability that are not based on observable
tidak dapat diobservasi). market data (unobservable inputs).
2013
Tingkat 1/ Tingkat 2/ Tingkat 3/

Level 1 Level 2 Level 3 Total

Nilai wajar melalui
Efek-efek 9.660 2.086.973 - 2.096.633 Securities
Obligasi Pemerintah 696.747 - - 696.747 Government bonds
Total nilai wajar melalui laporan

laba rugi 706.407 2.086.973 - 2.793.380 Total fair value through profit or loss

Efek-efek 44.891 1.801.684 - 1.846.575 Securities
Obligasi Pemerintah 5.990.887 - - 5.990.887 Government bonds
Total tersedia untuk dijual 6.035.778 1.801.684 - 7.837.462 Total available-for-sale investments
2012


Efek-efek 5.015 424.246 - 429.261 Securities
Obligasi Pemerintah 45.748 - - 45.748 Government bonds

laba rugi 50.763 424.246 - 475.009 Total fair value through profit or loss

Efek-efek 7.373 243.257 - 250.630 Securities
Total tersedia untuk dijual 5.780.061 243.257 - 6.023.318 Total available-for-sale investments
214
2011


Efek-efek 208.110 - - 208.110 Securities
Obligasi Pemerintah - - - - Government bonds

laba rugi 208.110 - - 208.110 Total fair value through profit or loss

Efek-efek 4.916 - - 4.916 Securities
Total tersedia untuk dijual 5.690.185 - - 5.690.185 Total available-for-sale investments
a. Giro pada Bank Indonesia, giro pada bank lain, a. Current accounts with Bank Indonesia, current
penempatan pada bank lain dan Bank accounts with other banks, placements with
Indonesia, efek-efek, piutang bunga dan aset other banks and Bank Indonesia, securities,
lain-lain. interests receivable and other assets.
Penempatan pada bank lain dan Bank Placements with other banks and Bank
Indonesia merupakan penanaman dana dalam Indonesia represent placements in the form of
bentuk Fasilitas Simpanan Bank Indonesia Bank Indonesia Deposit Facility (FASBI),
(FASBI), FASBI syariah, call money, sharia FASBI, call money, “fixed-term”
penempatan “fixed term”, deposito berjangka placements, time deposits and others.
dan lain-lain.
Nilai tercatat dari kas dan setara kas, giro dan The carrying amount of cash and cash
penyertaan saham serta penempatan dengan equivalents, and current accounts as well as
suku bunga mengambang adalah perkiraan placements with variable rate is a reasonable
yang layak atas nilai wajar. approximation of their fair values.
Estimasi nilai wajar terhadap penempatan The estimated fair values of fixed interest
dengan suku bunga tetap, efek-efek, piutang bearing placements, securities, interests
bunga dan aset lain-lain ditetapkan receivable and other assets are based on
berdasarkan diskonto arus kas dengan discounted cash flows using prevailing money
menggunakan suku bunga pasar uang yang market interest rates for debts with similar
berlaku untuk hutang dengan risiko kredit dan credit risk and remaining maturity. Since the
sisa jatuh tempo yang serupa. Karena sisa maturity is below one year, the carrying
jatuh tempo di bawah satu tahun, nilai tercatat amounts of fixed rate placements, interests
dari penempatan dengan suku bunga tetap, receivable and other assets are a reasonable
bunga yang masih akan diterima dan aset lain- approximation of their fair values.
lain adalah perkiraan yang layak atas nilai
wajar.
b. Kredit yang diberikan b. Loans
Portofolio kredit Bank secara umum terdiri dari Generally, the Bank’s portfolio consists of
kredit yang diberikan dengan suku bunga loans with variable interest rate and short-term
mengambang dan kredit yang diberikan loans with fixed interest rate. Loans are stated
dengan jangka pendek dengan suku bunga at amortized cost. The estimated fair value of
tetap. Kredit yang diberikan dinyatakan loans represents the discounted amount of
berdasarkan amortized cost. Nilai wajar dari estimated future cash flows expected to be
kredit yang diberikan menunjukkan nilai diskon received by the Bank using the current market
dari perkiraan arus kas masa depan yang rates.
diharapkan akan diterima oleh Bank dengan
menggunakan suku bunga pasar saat ini.
215
Nilai tercatat dari kredit yang diberikan dengan The carrying amounts of variable rate loans
suku bunga mengambang dan nilai tercatat and short-term fixed rate loans are the
atas kredit jangka pendek dengan suku bunga reasonable approximation of their fair values.
tetap adalah perkiraan yang layak atas nilai
wajar.
c. Liabilitas segera, simpanan dari nasabah dan c. Current liabilities, deposits from customers and
simpanan dari bank lain, dan liabilitas lain-lain deposits from other banks, and other liabilities
Estimasi nilai wajar liabilitas segera, simpanan The estimated fair values of current liabilities,
tanpa jatuh tempo, termasuk simpanan tanpa deposits with no stated maturity, which include
bunga adalah sebesar jumlah yang harus non-interest bearing deposits, is the amount
dibayarkan sewaktu-waktu. repayable on demand.
Estimasi nilai wajar terhadap simpanan The estimated fair values of fixed interest-
dengan tingkat suku bunga tetap ditetapkan bearing deposits are based on discounted
berdasarkan diskonto arus kas dengan cash flows using interest rates for new debts
menggunakan suku bunga hutang baru with similar remaining maturity. Since the
dengan sisa jatuh tempo yang serupa. Karena maturity is below one year, the carrying
sisa jatuh tempo dibawah satu tahun sehingga amounts of fixed rate deposits and other
nilai tercatat dari simpanan dengan suku liabilities are a reasonable approximation of
bunga tetap dan liabilitas lain-lain adalah their fair values.
perkiraan yang layak atas nilai wajar.
d. Efek-efek dan Obligasi Pemerintah d. Securities and Government Bonds
Nilai wajar untuk surat-surat berharga dan The fair values of held-to-maturity marketable
Obligasi Pemerintah yang dimiliki hingga jatuh securities and Government Bonds are based
tempo ditetapkan berdasarkan harga pasar on the market prices or broker/dealer price
atau harga kuotasi perantara quotations. When this information is not
(broker)/pedagang efek (dealer). Jika informasi available, the fair value is estimated using
ini tidak tersedia, nilai wajar diestimasi dengan quoted market prices for securities with similar
menggunakan harga pasar kuotasi efek yang credit, maturity and yield characteristics or
memiliki karakteristik kredit, jatuh tempo dan using internal valuation model.
yield yang serupa atau dinilai dengan
menggunakan metode penilaian internal.
e. Surat-surat berharga yang diterbitkan dan e. Securities issued and fund borrowings
pinjaman yang diterima
Nilai wajar agregat berdasarkan model The aggregate fair values are based on
diskonto arus kas menggunakan kurva yield discounted cash flow model using current yield
terkini yang tepat untuk sisa periode jatuh curve appropriate for the remaining term to
temponya. maturity.
216
45. LABA PER SAHAM 45. EARNINGS PER SHARE
Rekonsiliasi faktor-faktor penentu perhitungan laba The reconciliation of the factors used in calculating
per saham dasar dan dilusian untuk tahun yang the basic and diluted earnings per share, for the
berakhir tanggal 31 Desember 2013, 2012 dan years ended December 31, 2013, 2012 and 2011,
2011, adalah sebagai berikut: are as follows:
2013
(i) Laba tahun berjalan 1.562.161 (a) Income for the year (i)
(ii) Rata-rata tertimbang Weighted average (ii)
saham biasa yang beredar 10.532.278.548 (b) number of shares outstanding
(iii) Laba per saham dasar 148 (a/b) Basic earnings per share (iii)
(iv) Dampak dilusi dari (c) Effects of dillution from: (iv)

MESOP I 1.351.893 MESOP I
MESOP II - MESOP II
MESOP III 2.838.632 MESOP III
(v) Rata-rata tertimbang saham biasa Weighted average number of (v)

yang beredar setelah dilusi 10.536.469.073 (d = b + c) shares outstanding after dillution
(vi) Laba per saham dilusian 148 (a/d) Diluted earning per share (vi)
2012
(iv) Dampak dilusi dari (c) Effects of dillution from: (iv)

MESOP II 2.891.858 MESOP II
MESOP III 17.602.407 MESOP III

2011
(iv) Penyesuaian dampak dilusi dari (c) Adjusted effects of dillution from: (iv)
MESOP II 13.907.309 MESOP II

217
46. PERNYATAAN STANDAR AKUNTANSI 46. REVISED AND ISSUED STATEMENTS OF

KEUANGAN YANG DIKELUARKAN DAN FINANCIAL ACCOUNTING STANDARDS
DIREVISI
Berikut ini ikhtisar PSAK dan ISAK yang diterbitkan The following summarizes the amended and
oleh Dewan Standar Akuntansi Keuangan (DSAK) revoked SFAS and IFAS which were issued by the
dan Dewan Standar Akuntansi Syariah (DSAS) - Financial Accounting Standards Board (FASB)and
IAI yang relevan untuk Bank, namun belum berlaku Sharia Accounting Standards Board (DSAS) and
efektif untuk laporan keuangan 31 Desember 2013: are relevant to the Bank, but not yet effective to the
Bank on financial statements as of December 31,
2013:
Efektif berlaku pada atau setelah tanggal Effective on or after January 1, 2014:
1 Januari 2014:
a. ISAK No. 28 ”Pengakhiran Liabilitas Keuangan a. IFAS No. 28 “Extinguishing Financial Liabilities
dengan Instrumen Ekuitas”, yang mengatur, with Equity Instruments”, which regulates
ketika entitas sebagai debitur ingin when entity as debtor is willing to settle the the
menyelesaikan liabilitas keuangannya melalui liability by way of issuing equity instruments to
mekanisme penerbitan instrumen ekuitas (debt the lender (a debt to equity swap transaction)
to equity swaps).
b. PSAK No. 102 (Revisi 2013), ”Murabahah”, b. SFAS No. 102 (Revised 2013), “Murabahah”,
yang merupakan penyempurnaan dari PSAK which is the refinement of SFAS No. 102
No. 102 yang diterbitkan pada tahun 2008, issued on 2008, regarding the murabahah
perihal kriteria transaksi murabahah transaction criteria in relation to the
sehubungan dengan pengakuan, pengukuran, recognition, measurement and presentation
penyajian dan pengungkapannya. and disclosure.
Efektif berlaku pada atau setelah tanggal Effective on or after January 1, 2015:
1 Januari 2015:
a. PSAK No. 1 (Revisi 2013), ”Penyajian Laporan a. SFAS No. 1 (Revised 2013), “Presentation of
Keuangan”, yang diadopsi dari IAS 1, Financial Statement”, adopted from IAS 1,
mengatur perubahan penyajian kelompok pos- which regulates the amendments presentation
pos dalam Penghasilan Komprehensif Lain. to group items of Other Comprehensive
Pos-pos yang akan direklasifikasi ke laba rugi Income. Items which reclassified to income
disajikan terpisah dari pos-pos yang tidak akan statement are presented separately from items
direklasifikasi ke laba rugi. not reclassified to income statement.
b. PSAK No. 24 (Revisi 2013), ”Imbalan Kerja”, b. SFAS No. 24 (Revised 2013), “Employee
yang diadopsi dari IAS 19, yang menghapus Benefits”, adopted from IAS 19, which
mekanisme koridor dan pengungkapan atas eliminates corridor approach and disclosure
informasi liabilitas kontinjensi untuk about contingent liability information to simplify
menyederhanakan klarifikasi dan clarification and disclosure.
pengungkapan.
c. PSAK No. 68, ”Pengukuran Nilai Wajar”, yang c. SFAS No. 68, ”Fair Value Measurement”,
diadopsi dari IFRS 13, memberikan panduan adopted from IFRS 13, provides guidance on
tentang bagaimana pengukuran nilai wajar how to determine fair value and requires
ketika nilai wajar disyaratkan atau diizinkan. disclosures about fair value measurement.
Saat ini Bank sedang mengevaluasi dan belum The Bank is currently evaluating the above
menetapkan dampak dari PSAK yang direvisi, standards and has not yet determined the impact
disesuaikan dan dicabut tersebut terhadap laporan of the amended and revoked SFAS on its financial
keuangan. statements.
218
47. INFORMASI TAMBAHAN 47. ADDITIONAL INFORMATION
a. Pada tanggal 31 Desember 2013, 2012 dan a. As of December 31, 2013, 2012 and 2011, the
2011, rasio aset keuangan yang Bank’s non-performing assets to total earning
diklasifikasikan non-performing terhadap assets ratios are 3.60%, 3.68%, and 2.34%
jumlah aset produktif (non-performing ratio) respectively.
pada tanggal 31 Desember 2013, 2012 dan
2011 masing-masing adalah sebesar 3,60%,
3,68%, dan 2,34% .
b. Pada tanggal 31 Desember 2013, 2012 dan b. As of December 31, 2013, 2012 and 2011, the
2011, rasio kredit yang diberikan dan Bank’s ratios of loans and sharia
pembiayaan/piutang syariah terhadap financing/receivables over deposits (loans-to-
simpanan (loan-to-deposit-ratio atau LDR) deposit ratios) (LDR) are 104.42%, 100.90%,
masing-masing adalah sebesar 104,42%, and 102.57% respectively. LDR is calculated
100,90% dan 102,57%. LDR dihitung dengan by dividing total loans and sharia
membagi antara jumlah kredit yang diberikan financing/receivables by total deposits.
dan pembiayaan/piutang syariah dengan
jumlah simpanan.
c. Pada tanggal 31 Desember 2013, 2012 dan c. As of December 31, 2013, 2012 and 2011, the
2011, Rasio jumlah cadangan kerugian ratio of allowance for impairment losses on
penurunan nilai aset keuangan yang telah financial assets based on PSAK No. 55
dibentuk berdasarkan PSAK No. 55 (Revisi (Revised 2011) to minimum allowance for
2011) terhadap jumlah minimum cadangan impairment losses based on Bank Indonesia
kerugian penurunan nilai aset keuangan sesuai regulation is 54.69%, 71.93%, and 110.51%
ketentuan Bank Indonesia masing-masing respectively.
sebesar 54,69%, 71,93% dan 110,51%.
48. PENYELESAIAN LAPORAN KEUANGAN 48. COMPLETION OF THE FINANCIAL

STATEMENTS
Manajemen Bank bertanggung jawab penuh The management of the Bank is fully responsible
terhadap penyajian laporan keuangan terlampir for the preparation of the accompanying financial
yang diselesaikan dan disetujui untuk diterbitkan statements that were completed and authorized for
pada tanggal 10 Februari 2014. issue on February 10, 2014.
219
OJK Cross Reference
Criteria Explanation Page

I. General
1. In good and correct Indonesian, it is

recommended to present the report also in √
English.
2. Printed on high quality and use of type and

√
size that easy to read.
Name of company and year of the annual report is placed on:

3. Should state clearly the identity of the
1. The front cover, sides and back. √
company
2. Each page.
4. The Annual Report is presented in the

√
company’s website
II. Summary of Vital Financial Data
The information includes:

1. Sales/income from business.
2. Gross profit (loss).
3. Business profit (loss).
1. Financial information in comparative form 4. Net profit (loss).
over a period of 5 financial years or since 5. Net profit (loss) per share.
the commencement of business if the 6. Net working capital.
16-17
company has been running its business 7. Total investment.
activities for less than 5 years. 8. Total assets.
9. Total liabilities.
10. Total equity.
11. Financial ratio which are common and relevant to the
company’s industry.
12. Total comprehensive profit (loss).
2. The Annual Report must contain The information includes:

information of the share price in the form 1. Highest price.
of tables and graphs. The price of shares 2. Lowest price.
prior to the last revision in capitalshould be 3. Closing price.
18-19
adjusted in the event, among others, that 4. Transaction volume.
it was due to a splitting of shares, dividend 5. Total number of shares listed on the market for each
on shares, and bonus shares. three-month period in the last two (2) financial years
(if any).
3. The Annual Report must contain 1. Jumlah obligasi/obligasi konversi yang beredar.
information regarding the number of bonds 2. Interest rate.
19
or convertible bonds issued in the last 2 3. Maturity date.
financial years. 4. Rating of bonds.
III. Board of Commissioners’ and Board of Directors’ Report
Contains the following items:

1. Assessment on the performance of the Board of Directors
in managing the company.
2. View on the prospects of the company’s business as
1. Board of Commissioners’ Report. 32-39
established by the Board of Directors.
3. Committees under the Board of Commissioners.
4. Changes in the composition of the Board of
Commissioners (if any).

1. The company’s performance, encompassing among
others strategic policies, comparison between
achievement of results and targets and challenges faced
2. Board of Directors’ Report. by the company
42-51
2. Business prospects
3. Implementation of Good Corporate Governance
by the company
4. Changes in the composition of the Board of Directors
(if any)

1. Signatures are set on a separate page.
2. Statement that the Board of Directors and the Board of
Commissioners arefully responsible for the accuracy of
the annual report.
3. Signed by all members of the Board of Commissioners
3. Signature of members of the Board of and Board of Directors, stating their names and titles/
308-309
Directors and Board of Commissioners. positions.
4. A written explanation in a separate letter from each
member of the Board of Commissioners or Board of
Directors who refuses. to sign the annual report, or
written explanation in a separate letter from the other
members in the event that there is no written explanation
provided by the said member.
IV. Company Profile
Includes information on name and address, zip code,

1. Name and address of the company. 185
telephone and/or facsimile, email, website
10-11
Includes among others: date/year of establishment, name and
2. Brief history of the company. 14-15
change in the company name, if any.
185
It conducts its business activities in accordance with its Articles

3. Field of business. of Association. 12-13
Includes the types of products and or services produced.
4. Organizational structure. In the form of a chart, giving the names and titles. 312-313
Includes the following:

5. Company vision and mission. 1. Explanation on the company vision and mission. 8
2. Explanation has been approved by Directors/BOC.
The information should contain:

1. Name.
2. Title (including position in other companies/institutions).
6. Identity and brief curriculum vitae of the 3. Age.
314-317
members of the Board of Commissioners. 4. Education.
5. Working experience.
6. Date of first appointment as a member of the Board of
Commissioners.

1. Name.
2. Title (including position in other companies/institutions).
7. Identity and brief curriculum vitae of the 3. Age.
318-321
members of the Board of Directors. 4. Education.
5. Working experience.
6. Date of first appointment as a member of the Board of
Directors.

1. The number of employees for each level of the
8. Number of employees (comparative in
organization.
two years) and description of competence
2. The number of employees for each level of education. 104-107
building (for example: education and
3. Employee training conducted represents equel
training of employees).
opportunity to all employees.
4. Expenses incurred.
Should include:
1. Names of shareholders having 5% or more shares
9. Composition of shareholders. 2. Directors and Commissioners who own shares 178-179
3. Public shareholders having respective share ownership of
less than 5%.
The information contains, among others:

1. Name of subsidiaries/affiliated companies.
2. Percentage of share ownership.
10. List of subsidiaries and/or affiliated 3. Information on the field of business of the subsidiary or not available
companies. affiliated company.
4. Explanation regarding the operational status of the
subsidiary or affiliated company (already operating or not
yet operating).

Includes among others:
1. Chronology of shares listing.
2. Types of corporate action that caused changes in the
number of shares.
11. Chronology of shares listing. 179
3. Changes in the number of shares from the beginning of
listing up to the end of the financial year.
4. Name of Stock Exchange where the company shares are
listed.

1. Chronology of other securities listing.
2. Types of corporate action that caused changes in the
number of securities. 19
12. Chronology of other securities listing. 3. Changes in the number of securities from the initial listing 179
up to the end of the financial year. 185
4. Name of Stock Exchange where the company’s other
securities are listed.
5. Rating of the securities.
The information contains, among others:

13. Name and address of institution and or 1. Name and address of BAE.
185
profession supporting the capital market. 2. Name and address of the Public Accountants’ Office.
3. Name and address of the securities rating company.
Information should include:

14. Reward and certification received by the 1. Name of the reward.
company, both on a national scale and 2. Year of receiving the award. 20-25
international scale. 3. Institution presenting the award.
4. Period of validity.
15. Name and address of subsidiary and or

not available
branch office or representative office
(if any).
V. Management Analysis and Discussion on Company Performance.
Contains description of:

1. Production/line of business.
2. Sales/income from business. 63-91
1. Operational review per business segment.
3. Increase/decrease in production capacity. 129-130
4. Profitability for each segment listed on the financial
statement (if any).
An analysis of the financial performance which includes a

comparison between the financial performance of the current
year and that of the previous year (in the form of narration and
tables), among others concerning:
1. Current assets, non-current assets and amount of assets
2. Description of company’s financial
2. Current liabilities, non-current liabilities and amount of 132-148
performance.
liabilities.
3. Sales/income from business expense and profit (loss).
4. Other comprehensive income and total comprehensive
profit (loss).
5. Cash flow.
3. Discussion and analysis on the capacity to

Explanation on:
pay debts and the company’s collectable
1. Capacity to pay debts, short term or long term. 150-151
accounts receivable.
2. Collectable accounts receivable.
Explanation on:
4. Discussion on capital structure, capital
1. Capital structure. 149
structure policies and liquidity.
2. Capital structure policies.
Explanation on:
1. The purpose of such ties.
5. Discussion on material ties for the 2. Source of funds expected to fulfill the said ties.
151-152
investment of capital goods. 3. Currency of denomination.
4. Steps taken by the company to protect the position of
related foreign currency against risks.

6. If the financial statement discloses a
material increase or decreasein the sales or Descriptions of:
net income, then an explanation should be 1. The magnitude of the increase/decrease in net sales or
included concerning the extent that such revenues. not available
changes can be linked to, among others, 2. Factors causing the increase/decrease of material sales
the amount of goods or services sold, or net income attributed to the amount of goods or
and or the existence of new products or services sold and/or production of new services.
services.
7. Discussion on the impact of price change

to the company’s sales and net income
and the operational profit of the company
for the past two (2) years or since the Is this disclosed or not. 165
company commenced its business, if the
company has been operating for less than
two years.
Description of important events after the date of the

8. Material Information and facts subsequent
accountant’s report including their impact on performance and 165
to the accountant’s report date.
business risks in the future.
Information on the company prospects in connection with

92-97
9. Description of the company’s business industry, economy in general, and the international market,
130-131
prospects. which can be accompanied with suporting quantitative data if
171-172
there is a reliable data source.
Information regarding the marketing of the company’s

10. Information on marketing aspects. products and services, among others marketing strategic and 117-125
concerning the market segment.
11. Statement regarding the dividend policy

and the date and amount of cash dividend Contains information on:
per share and amount of dividend per year 1. Amount of dividend and per share 165-166
as announced or paid during the past two 2. Payout Ratio for each year
(2) years.
Contains information on:

1. Total funds obtained
2. Budget plan
12. Realization of the use of IPO proceeds. 3. Details of budget plan 166
4. Balance
5. Date of General Meeting of Shareholder stipulating the
change in the budget plan (if any)
13. Material information, among others Contains information on:

concerning investment, expansion, 1. The purpose of transactions
167
divestment, acquisition, debt/capital 2. Transaction value or number of transaction
restructuring. 3. Source of fund

1. The parties involved in the transactions and afiliasi Nature
of affilition
2. Explanation on fairness of transaction
14. Material information containing conflict of
3. The reason for the transaction 155-164
interest, and affiliated transactions.
4. Source of fund
5. Company policies related to the review mechanism and
transaction
6. Compliance and related provisions.
15. Description on changes in laws and

Description should include amendment to government
regulations having significant effects on the 167
regulation and impact on the company.
company.
16. Description of changes in the accounting

Uraian memuat antara lain: kebijakan akuntansi, alasan dan
policy. 168-171
dampaknya terhadap laporan keuangan.

VI. Corporate Governance

1. Description of the tasks implemented by the board of
Commissioners
2. Disclosing the procedure for determining, and the
amount of remuneration for the members of the board of
Commissioners
1. Information on the board of
3. Remuneration structure that shows the remuneration 197-203
Commissioners.
components and the number of nominal per component
for each member of the Board of Commissioners
4. Frequency of meetings and attendance of the board of
Commissioners in the meetings
5. Training programs for improving the competence of the
board of Commissioners.
The information should include:

1. Scope of work and responsibility of each member of the
board of Directors
2. Information on the board of Directors. 2. Frequency of meetings 204-207
3. Attendance of the board of Directors in the meetings
4. Training programs for improving the competence of the
board of Directors.
The information should include:

1. Assessment on the performance of member of the Board
of Commissioners and Board of Directors
3. Assessment on the Board of
2. Criteria used in the assessment on the performance of 208-211
Commissioners and/Directors.
the members of the Board of Commissioners/Board of
Directors
3. Parties executing the assessments.

1. Disclosure of the remuneration determination procedures
2. Remuneration structure that indicates the type and
4. Description of policy on the stipulation for
amount of short-term benefits and long term/post- 202-203
the remuneration of the board of Directors.
employment for each member of the Board of Directors
3. Performance indicators to measure the performance of
Directors.

1. Name, title, and brief curriculum vitae of the members of
the Audit Committee
2. Educational qualifications and work experience of audit
committee members
212-215,
5. Audit Committee. 3. Description of tasks and responsibilities
322
4. Frequency of meetings and the attendance of the Audit
Committee
5. Brief report on the activities carried out by the Audit
Committee
6. Independence of the members of the Audit Committee.

the Nomination Committee
2. Independence of the members of the Nomination
215-217
6. Nomination Committee. Committee
323
3. Description of the tasks and responsibilities
4. Activities carried out by the Nomination Committee
5. Frequency of meetings and the attendance of the
Nomination Committee.

the Remuneration Committee
2. Independence of the members of the Remuneration
215-217
7. Remuneration Committee. Committee
323
3. Description of the tasks and responsibilities
4. Activities carried out by the Remuneration Committee
5. Frequency of meetings and the attendance of the
Remuneration Committee.

the other Committee
8. Other committees under the Board of 2. Independence of the members of the other Committee
215-217
Commissioners owned by the company. 3. Description of the tasks and responsibilities
4. Activities carried out by the other Committee
5. Frequency of meetings and the attendance of the other
Committee.

9. Description of tasks and function of the
1. Name and brief history of the Corporate Secretary 227-228
Corporate Secretary.
2. Description of the tasks performed by the Corporate 325
Secretary.

1. Name and brief history of the Head of the Internal Audit
unit.
2. Jumlah pegawai pada Unit Audit Internal.
10. Description of the company’s Internal Audit
3. Struktur atau kedudukan Unit Audit Internal 238-325
unit.
4. Qualification/Certification as an Internal Auditor
5. Activities carried out by the Internal Audit unit
6. Party which appoints/dismisses head of Internal Audit
Unit.

1. Number of audit periods that the accountant audited the
financial statements of the company
2. Number of audit periods that the public accountant firm
11. Company Independent Accountant. 244
audited the financial statements of the company
3. The amount of audit fee
4. Other service provided by the accountant in addition to
financial audit.

1. A description of the risk management system
2. A description of the evaluation of the effectiveness of risk
management systems
12. Description of the company’s risk 3. Explanation of the risks faced by the company (for
270-283
management. example: risks caused by fluctuation of the exchange
rate or interest rate, competition in business, supply
of raw materials, provisions set by other countries or
international regulations, and government policies)
4. Efforts to manage those risks.

1. A brief description of the internal control system
13. Description of the internal control system 245-248
2. A description of the evaluation of the effectiveness of
internal control systems.
Information includes among others:

1. Policy
2. Executed activities
14. Description of corporate social 3. Financial impact of the activities related to environmental 284
responsibility related to the environment programs, such as the use of materials and energy SR
that are environmentally friendly and recyclable waste
processing system companies, etc
4. Certifification possessed in relation which environment.

1. Policy
2. Executed activities
15. Description of corporate social
3. Financial impact of the activities related to employment
responsibility associated with employment, SR
practices, health and safety, such as gender equality and
health and safety.
employment opportunities, facilities and safety, employee
turnover rate, the rate of workplace accidents, training
and other.

1. Policy
284
16. Description of corporate social 2. Executed activities
SR
responsibility related to social and 3. Financial impact of the activities related to social and
community development. community development, such as the use of local labor,
community empowerment companies, repair facilities and
social infrastructure, the shape of donations, etc.

1. Policy
17. Description of corporate social 2. Executed activities 284
responsibility associated with our 3. Financial impact of product liability-related activities, such SR
responsibilities to the consumer. as health and consumer safety, product information,
facilities, and control over the number of consumer
complaints, etc.
Information includes:
18. Important cases faced by the Issuer
1. Material of the case/claim
or Public Company, current members
2. Status of settlement of case/claim 250-252
of the board of Directors and board of
3. Potential impacts on the financial condition of the
Commissioners.
company.
Description on the availability of access to corporate

19. Access to corporate information and data. information and data to thepublic, for example through website, 285-293
mass media, mailing list, bulletin etc.

1. The existence of the Code of Conduct
2. Content of the Code of Conduct
20. Code of Conduct. 231-235
3. Distribution of the Code of Conduct to the employees
4. Efforts to uphold the Code
5. Statement concerning the corporate culture.
A description of the mechanism of whistleblowing system

include:
1. Submission of reports of violations
21. Disclosure of the whistleblowing system. 235-237
2. Protection for whistleblowers
3. Handling of complaints
4. Parties managing the complaints
VII. Financial Information
1. Statement by the board of Directors Compliance with bapepam Regulation No. VIII.G.11 on
concerning the Responsibility of the board Responsibility of the board of Directors on the Financial 356
of Directors on the Financial Statement. Statement.
2. Accountant’s opinion on the financial

Compliance with SPAP-IAI. 357-358
statement.
The description contains:

1. Name and signature
3. Description of the Independent Auditor in
2. Date of the audit report 357-358
the Opinion.
3. KAP license number and Accountant Public license
number.
Contains all elements of the financial statement:

1. Balance sheet
2. Profit loss comprehensif statement
3. Equity statement
4. Cash flow report
4. Comprehensive financial statement. 5. Notes to the financial statement 359-370
6. Statement of financial position at the beginning of the
comparative period presented when an entity applies an
accounting policy retrospectively or makes restatement
of financial statement items, or when the entity reclassify
items in its financial statements (if relevant).

5. Disclosures in the notes to the financial
statements when the entity applies an
accounting policy retrospectively or Whether there is disclosure in accordance with SFAS. not available
to make the restatement of financial
statements items, or when the entity
reclassify items in its financial statements.
Description of the gain/loss from operations of current year 132-140

6. Comparison of profitability.
compare to that of previous year. 364-365
Meets the following provisions:

1. Uses a direct method
2. Grouped into three categories of activity: operational
activity, investment, and funding
3. Disclosing non cash transaction in financial statements
7. Presentation of Cash Flow Report. 368-370
notes
4. Separating the presentation between cash receipt and or
cash expended to the customer, employee, supplier, and
payment of taxes during the current year for operational,
investment and funding activities.
Includes at least:
1. Basic concept in presenting a financial statement
2. Recognition of income and overhead
8. Summary of Accounting Policy. 383-428
3. Statement of compliance to SAK
4. Assessment and method of depreciating fixed assets
5. Financial Instruments.
Issues that should be disclosed are:

1. Name of the affiliated party, and total accounts receivable
and or related debts
2. Transaction value and the percentage of total revenue 155-164
9. Transaction with Affiliated Parties.
and related expenses 528-533
3. Accounts receivable in connection with the said
transaction
4. Terms and conditions relate to transactions with parties.
Information that should be disclosed other than type and total

of tax obligation:
1. With the current rate and disclosing the basis for
calculating the tax rate
2. Fiscal reconciliation and calculation of current tax
3. Statement that the amount of Taxable Profit as calculated
through reconciliation is in accordance with the Tax
10. Disclosure related to tax issues. Return 513-516
4. Details of the assets and liabilities in deferred tax
presented in the balance sheet in each period of
presentation, and amount of charge (income) of deferred
tax acknowledged in the profit loss statement if the said
amount is not evident in the asset or liability of deferred
tax acknowledged in the balance sheet
5. Disclosure of whether or not there is a tax dispute.
Information should be disclosed:

1. Depreciation method used
2. Description of the selected accounting policies between
the fair value model and cost model
3. Methods and significant assumptions used in estimating
411-413
11. Disclosures relating to Fixed Assets. the fair value of fixed assets (revaluation model) or
475-478
disclosure of the fair value of fixed assets (cost model)
4. Reconciliation of the gross carrying amount and
accumulated depreciation of fixed assets at the
beginning and end of the period with the show: addition,
subtraction and reclassification.

Information that should be disclosed:
1. New regulations which gave impact to the company’s
12. Update of the financial accounting activities
standard and other regulations. 2. The nature of the changes that have not become effective 576
or a change in accounting policy
3. Impact of the financial accounting standard and the new
regulations.
Information that should be disclosed:

1. Accounting requirements, conditions and policy for each
financial instrument
13. Disclosures relating to Financial
2. Financial Instrument Classification 387-396
Instruments.
3. Fair value of each financial instrument 536-574
4. Description of related risks to financial instruments:
market risk,credit risk and liquidity risk
5. Purpose and management policy of financial risk.
Information disclosed:
14. The financial statements. 1. Date of financial statements authorized for publication 577
2. Responsible party authorizes the financial statements.

Annual Report 2013
PT Bank Tabungan Negara (Persero) Tbk

Menara Bank BTN
Jln. Gajah Mada No. 1 Jakarta 10130
Phone : 62-21 6336789
Fax : 62-21 6346704
E-mail : csd@btn.co.id
Call Center : 500 286

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Annual Report 2013

CHAPTER 1 84 Sharia Banking

2 Bank BTN | Annual Report 2013

194 General Meeting of Shareholders (GMS)

Bank BTN | Annual Report 2013 3

Preparation of Transformation Platform

4 Bank BTN | Annual Report 2013

Assets Loans THIRD-PARTY

with World Class

Nationally Market Share

… the end result to be achieved in the next 5 years as

Bank BTN | Annual Report 2013 5

Fee based Operational

Tota ns a n Third-Pa Net

14% -17% 15% - 17%

University, and Jamsostek.

6 Bank BTN | Annual Report 2013

Bank BTN | Annual Report 2013 7

8 Bank BTN | Annual Report 2013

Corporate Values and

Professionalism Caring, proactive and

Bank BTN | Annual Report 2013 9

10 Bank BTN | Annual Report 2013

As a Bank that focuses on housing finance, Bank

Bank BTN | Annual Report 2013 11

Mortgage & Housing & Sharia Banking

Loan Products Loan Products consist Financing Products

12 Bank BTN | Annual Report 2013

General explanation is described below, while the

Treasury & Asset

Bank BTN | Annual Report 2013 13

14 Bank BTN | Annual Report 2013

Bank BTN | Annual Report 2013 15

Total Employees 6,869 6,048 5,135 4,231 4,085

16 Bank BTN | Annual Report 2013

Capital Adequacy Ratio (%) Total Assets (in Rp Billion)

Interest Income and Profit Sharing from Sharia

Loan to Deposit Ratio (LDR) Operating Expense to Operating Income (%)

Bank BTN | Annual Report 2013 17

0 Average Sales Volume/Day 0

Quarterly Share Price for 2013 and 2012 in Rupiah

18 Bank BTN | Annual Report 2013

Bank BTN Bonds Highlights

BTN XII of 2006 1,000,000,000,000,00 10 12.75% 20-Sep-06 19-Sep-16 idAA

BTN XIII C Series of 2009 900,000,000,000,00 5 12.25% 29-May-09 29-May-14 idAA

BTN XIV of 2010 1,650,000,000,000,00 10 10.25% 11-Jun-10 11-Jun-20 idAA

BTN XV of 2011 1,300,000,000,000,00 10 9.50% 28-Jun-11 28-Jun-21 idAA

1st Advanced Bond of Bank

1st Advanced Bond of Bank

*) Rated by PT Pefindo (1 March 2013 - 1 March 2014)

Lowest Price (Rp) 1,150 840

Year-End Price (Rp) 1,450 870

Number of Shares (million) 10,356 10,565

Market Capitalization (Rp million) 15,016,200 9,191,423

Earning per Share (Rp) 148 148

Book Value per Share (Rp) 993 1,094

Price Book Value (PBV) (%) 1.46 0.80

Price Earning Ratio (PER) (%) 11.01 5.88

KPR BTN Securities Highlights

Bank BTN | Annual Report 2013 19