Developing Through Transformation Berkembang Melalui Transformasi

Laporan Tahunan 2014 Annual Report Disclaimer Sanggahan Dan Batasan Tanggung Jawab

Laporan tahunan ini memuat pernyataan kondisi keuangan, hasil operasi, proyeksi, rencana, This annual report contains financial condition, operation results, projections, plans, strategies, strategi, kebijakan, serta tujuan Perseroan, yang digolongkan sebagai pernyataan ke depan policy, as well as the Company’s objectives, which is classified as forward-looking statements in dalam pelaksanaan perundang-undangan yang berlaku, kecuali hal-hal yang bersifat the implementation of the applicable laws, excluding historical matters. Such forward-looking historis. Pernyataan-pernyataan tersebut memiliki prospek risiko, ketidakpastian, serta dapat statements are subject to known and unknown risks (prospective), uncertainties, and other mengakibatkan perkembangan aktual secara material berbeda dari yang dilaporkan. factors that could cause actual results to differ materially from expected results.

Pernyataan-pernyataan prospektif dalam laporan tahunan ini dibuat berdasarkan berbagai Prospective statements in this annual report are prepared based on numerous assumptions asumsi mengenai kondisi terkini dan kondisi mendatang Perseroan serta lingkungan bisnis di concerning current conditions and future events of the Company and the business environment mana Perseroan menjalankan kegiatan usaha. Perseroan tidak menjamin bahwa dokumen- where the Company conducts business. The Company shall have no obligation to guarantee dokumen yang telah dipastikan keabsahannya akan membawa hasil-hasil tertentu sesuai that all the valid document presented will bring specific results as expected. harapan.

Laporan tahunan ini memuat kata “Perseroan” dan “Bank Sinarmas” yang didefinisikan This annual report contains the word “Company” and “Bank Sinarmas” hereinafter referred sebagai PT. Bank Sinarmas Tbk. yang menjalankan bisnis dalam bidang perbankan. Adakalanya to PT. Bank Sinarmas Tbk., as the company that runs business in banking industry. The word kata “Perusahaan” juga digunakan atas dasar kemudahan untuk menyebut PT. Bank Sinarmas “Company” is at times used to simply refer to PT. Bank Sinarmas Tbk. in general. Tbk. secara umum.

Tentang Laporan Tahunan Bank Sinarmas 2014 About The 2014 Annual Report of Bank Sinarmas

Laporan Tahunan PT. Bank Sinarmas Tbk. yang berakhir pada 31 The Annual Report of PT. Bank Sinarmas Tbk. for the year ended on Desember 2014 ini diterbitkan sesuai dengan Peraturan Bank December 31, 2014 is published in accordance with the Regulation No. 3/22/PBI/2001 tentang Transparansi Kondisi Keuangan Bank dan of Bank Indonesia No. 3/22/PBI/2001 regarding the Transparency of juga Keputusan Ketua Badan Pengawas Pasar Modal dan Lembaga Bank’s Financial Condition, and Decision of the Head of Capital Market Keuangan 431/BL/2012 Peraturan No. X.K.6 tentang Kewajiban Supervisory Board and Financial Institutions 431/BL/2012 Regulation Penyampaian Laporan Tahunan Bagi Emiten atau Perusahaan Publik. No. X.K.6 on the Oblgation to Submit Annual Report for Issuers or Public Company.

Penyebutan satuan mata uang “Rupiah”, “Rp” atau IDR merujuk pada The currency of “Rupiah”, “Rp” or IDR throughout this report refers to mata uang resmi Republik Indonesia, sedangkan “Dolar AS” atau USD the official currency of the Republic of Indonesia, while US Dollar refers merujuk pada mata uang resmi Amerika Serikat. Semua informasi to the official curreny of the US. All financial infromation is presented in keuangan disajikan dalam mata uang Rupiah sesuai dengan Standar Rupiah currency in accordance with the Indonesia Financial Accounting Akuntasi Keuangan Indonesia. Standards.

Laporan Tahunan Bank Sinarmas 2014 disajikan dalam dua bahasa The 2014 Annual Report of Bank Sinarmas is presented bilingually, yaitu Bahasa Indonesia dan Bahasa Inggris dengan menggunakan jenis both in Bahasa Indonesia and English, in which the English part uses dan ukuran huruf yang mudah dibaca dan dicetak dengan kualitas fonts of other types and sizes. It is also published in good quality. This yang baik. Laporan Tahunan ini dapat dilihat dan diunduh di website Annual Report can be read and downloaded from the offical website of resmi Bank Sinarmas yaitu www.banksinarmas.com. Bank Sinarmas, namely www.banksinarmas.com. Penyajian Informasi Dalam Laporan Tahunan Bank Sinarmas 2014 Information on The Presentation of 2014 Annual Report of Bank Sinarmas

Penyusunan Laporan Tahunan Bank Sinarmas merujuk pada ketentuan- The drafting of Bank Sinarmas’ Annual Report refers to the prevailing ketentuan yang berlaku mengenai penyajian keterbukaan informasi stipulations on the presentation of information disclosure that must be yang harus disampaikan dalam Laporan Tahunan yang terdiri dari submitted in the Annual Reports which consisted of several chapters, beberapa bab, sebagai berikut: namely: • Profil Perusahaan • Company Profile Menyajikan berbagai informasi umum mengenai Bank Sinarmas, Providing various general information regarding Bank Sinarmas, yang meliputi sejarah pendirian Bank Sinarmas, Visi dan Misi, encompassing the establishment history of the Bank, Vision and Pemegang Saham dan Komposisi Kepemilikan Saham, berbagai Mission, Shareholders and the Composition, awards received by penghargaan yang diterima oleh Bank Sinarmas, hingga Peta the Bank suring the year, as well as operational map. In addition to Operasional. Selain informasi umum, terdapat laporan manajemen the general information, there will also be Reports from the Board dari Komisaris dan Direktur Utama. Profil Bank Sinarmas of Commissioners and Board of Directors. Detailed Profile of Bank selengkapnya dapat dilihat pada halaman 41 hingga 125. Sinarmas can be read on page 41 to 125. • Analisis dan Pembahasan Manajemen Atas Kinerja Bank • Management Discussion and Analysis on the Performance of Sinarmas Bank Sinarmas Menyajikan deskripsi analisis atas kinerja Bank Sinarmas yang This chapter provides analytical description on the performance meliputi tinjauan industri perbankan, tinjauan bisnis, tinjauan of Bank Sinarmas which encompasses banking industry overview, operasional, tinjauan keuangan, termasuk aspek pemasaran yang business overview, operational overview, financial overview, as well terdiri dari strategi pemasaran dan pangsa pasar. Analisis dan as marketing aspects which include marketing strategy and market Pembahasan Manajemen atas Kinerja Bank Sinarmas selengkapnya share. Management Discussion and Analysis on the performance of dapat dilihat pada halaman 127 hingga 171. Bank Sinarmas can be read on page 127 to page 171 • Tata Kelola Perusahaan • Corporate Governance Menyajikan informasi mengenai penerapan tata kelola perusahaan Provides detailed and comprehensive information on the yang diimplementasikan Bank Sinarmas secara lengkap dan implementation of corporate governance by Bank Sinarmas menyeluruh sesuai dengan Pedoman Umum GCG oleh KNKG. Tata in accordance with GCG General Guidelines issued by KNKG. Kelola Perusahaan selengkapnya dapat dilihat pada halaman 173 Information on Corporate Governance of the Bank can be read on hingga 393. page 173 to 393.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 1 Kesinambungan Tema Laporan Tahunan Bank Sinarmas (2012-2014) Theme Continuity of Annual Reports of Bank Sinarmas (2012-2014)

Bank Sinarmas senantiasa melanjutkan budaya Bank Sinarmas continues to serve the people melayani di setiap kegiatan operasional of Indonesia in all operational aspects of the perusahaan dalam hubungan bersama nasabah, company, particularly in the relationship with the pemangku kepentingan, dan masyarakat luas. customres, stakeholders, and society in general. Sesuai dengan asas kami, pelayanan prima In line with our principles, premium service for bagi nasabah dapat menambah kepuasaan dan the customer, we strive to gain satisfaction and kepercayaan nasabah pada Bank Sinarmas. trusts from all customers of the Bank.

Seiring dengan semangat mendukung budaya Accompanied with the spirit to support the bangsa, Bank Sinarmas mempersembahkan nation’s culture, Bank Sinarmas presented tema “Melanjutkan Budaya Melayani” dengan the theme of “Continuing the Culture of sentuhan elemen tradisional. Tari selamat Serving” with a touch of traditional elements datang dari Bali menjadi simbol penyambutan, in it. The Balinese welcoming dance symbolizes ramah tamah, dan pelayanan yang menjadi the welcoming atmosphere, hospitality and budaya Perusahaan dalam berkarya. excellent service of Bank Sinarmas that serve as our culture in carrying out business activities.

Perusahaan yang besar terbentuk berdasarkan A reputable company is a fruit from perseverance kinerja maksimal yang didukung oleh budaya to exert maximum efforts, coupled with spirit Perusahaan yang baik. Bank Sinarmas bertekad to internalize corporate culture within the untuk meraih pencapaian terbaik dengan company. We are determined to reach the best melestarikan tradisi yang baik di Perusahaan achievements by keep maintaining our good dan senantiasa memanfaatkan potensi dan tradition while studying every single potential peluang yang tumbuh di tengah dinamika and opportunity amid the vibrant business perkembangan bisnis guna meraih kesuksesan development to attain success in the future. di masa mendatang.

Melalui semangat “Consistency Striving for Through a “Consistency Striving for Excellence” Excellence”, kami memvisualisasikan semangat spirit, we strive to give a dynamic performance tersebut dengan memadukan elemen tradisional to keep being in line with the economic Indonesia yang tetap kami pertahankan dalam development. We are now revealing a business setiap tema laporan tahunan. Tari Kancet Lasan policy reflecting an underlying quality of the dari suku Dayak menjadi tanda keagungan. Company’s performance. Tarian ini juga sering disajikan dalam penyambutan tamu dan acara-acara lainnya.

2 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Indonesia memiliki banyak kesenian tari tradisional yang Indonesia is proud of its rich cultural background, particularly membanggakan. Tarian-tarian tersebut terus diwariskan its traditional dances. Over time, the dances are inherited to the dari waktu ke waktu. Keindahan tarian tradisional kami next generation to preserve its cultural values. Thus, by referring visualisasikan dalam gambar silhouette dengan aksen batik, to these fundamentals, we chose the beauty of Indonesia’s ukiran dan satwa khas Indonesia. traiditional dances and visualizes them in silhouette, patterned in batik, carvings, and endemic faunas of Indonesia.

Tari Topeng Betawi, diangkat karena berasal dari Jakarta yang Tari Topeng Betawi (Betawi’s Mask Dance) is uplifted due to merupakan domisili Kantor Pusat Bank Sinarmas. Selain itu, Tari its origin of Jakarta, which is the location of Bank Sinarmas’ Topeng Betawi memiliki konsep unik yang memiliki ciri khas Main Office. Furthermore, this dance has a unique concept that berbeda dari tari topeng lainnya. differentiate it from other mask dances in the nation.

Tari Piring, diangkat karena filosofinya yang energik dan Tari Piring (Piring Dance) is higlighted due to its philosophy dinamis, sebagaimana Bank Sinarmas yang berkembang secara value that shows energy and dynamic, similar to the Bank that dinamis sesuai dengan kebutuhan pasar dan nasabah. Tarian continues to develop dynamically in line with the requirements ini juga dilakukan secara berkelompok yang mencerminkan from the market and customers. This dance is performed in kerja sama. group and reflects the spirit of cooperation.

Tari Rantak Kudo, perpaduan antara gerakan yang penuh Tari Rantak Kudo (Rantak Kudo Dance) is a dance that combines filosofi dengan pencak . Beberapa teknik gerakan dalam philosophical movements with pencak silat movements. Several tari ini memiliki makna inisiatif, kewaspadaan, arif, dan dance sequences in this traditional dance describe initiative, kemampuan yang diukur dengan baik. awareness, wisdom, and capabilities that are well measured.

Tema “Developing Through Transformation” sangat tepat Our theme of “Developing Through Transformation“ is menggambarkan visi dan misi perusahaan serta cita-cita observed as the most appropriate to describe vision and mission, Bank untuk menjadi “Payment & Transaction Bank” dengan as well as the target of the Bank to become a “Payment and melakukan transformasi di bidang SDM dan TI Bank. Transaction Bank” through transformation in the aspect of Human Resources and Information Technology.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 3 Daftar Isi Table of Content

2 Kesinambungan Tema Laporan 95 Testimoni Karyawan 150 Informasi Dan Fakta Material Yang Tahunan Bank Sinarmas (2012-2014) Testimonials from Employees Terjadi Setelah Tanggal Laporan Theme Continuity of Annual Reports 96 Testimoni Mitra Usaha Akuntan of Bank Sinarmas (2012-2014) Testimonials from Business Partners Information and Fact Material 98 Teknologi Informasi Subsequent to the Date of Accountant KILAS KINERJA 2014 Information Technology 151 Informasi Material Mengenai Investasi, Flashback Performance of 103 Lembaga Profesi Penunjang Pasar Ekspansi, Divestasi, Restrukturisasi 2014 Modal Utang/Modal 8 Ikhtisar Keuangan Capital Market Supporting Institutions Material Information On Investments, Financial Highlights 103 Jaringan Expansion, Divestments, Capital/Debt 10 Ikhtisar Saham Network Restructuring Stock Highlights 104 Peta Operasional Dan Alamat Kantor 152 Informasi Transaksi Material yang 12 Peristiwa Penting Cabang Mengandung Benturan Kepentingan Significant Events Operational Map and Branch Office dan Transaksi Dengan Pihak Berelasi 18 Penghargaan dan Sertifikasi Addresses Material Information Transaction Awards and Certifications 106 Alamat Kantor Cabang Which Contains Conflict of Interest Branch Office Address and Transaction with Related Parties LAPORAN Manajemen 153 Kebijakan Suku Bunga Bank Sinarmas Management Report ANALISIS DAN PEMBAHASAN Bank Sinarmas Interest Rate Policy 22 Laporan Dewan Komisaris MANAJEMEN 154 Aspek Pemasaran Board of Commissioners Report Management Discussion Marketing Aspects 30 Laporan Direksi and Analysis 155 Kebijakan Dividen Board of Directors Report 128 Tinjauan Umum Ekonomi Global Dividend Policy Global Economic Overview 156 Realisasi Dana Hasil Penawaran Umum PROFIL PERUSAHAAN 129 Tinjauan Umum Ekonomi Indonesia Realization of Funds from Public Company Profile Indonesia’s Economic Overview Offering 42 Identitas Perusahaan 130 Tinjauan Industri Perbankan 157 Perubahan Peraturan Corporate Identity Banking Industry Overview Perundangundangan Yang 45 Visi dan Misi 131 Tinjauan Operasional Per Segmen Berpengaruh Vision and Mission Usaha The Change of Influenced Laws and 46 Bidang Usaha Operational Overview Per Business Regulations Line of Business Segment 163 Perubahan Kebijakan Akuntansi 58 Jejak Langkah 139 Analisis dan Pembahasan Kinerja The Change of Accountant Policy Milestones Keuangan 169 Prospek Usaha 64 Struktur Organisasi Bank Sinarmas Financial Performance Analysis and Business Prospects Organization Structure of Bank Discussion 171 Strategi yang Telah Ditempuh pada Sinarmas 147 Target dan Realisasi 2014 serta 2014 dan Strategi Ke Depan 66 Profil Dewan Komisaris Proyeksi Keuangan 2015 Strategies That Have Been Taken in Board of Commissioners Profile Target and Realization 2014 and 2014 and Future Strategies 69 Profil Direksi Financial Projection 2015 Board of Directors Profile 148 Kemampuan Membayar Utang dan Tinjauan Unit-Unit Bisnis 77 Manajemen Senior Tingkat Kolektibilitas Piutang Overview of Business Units Senior Management The Capacity To Pay Debts and the 174 Unit Usaha Syariah 78 Struktur Grup Perusahaan Level of Receivables Collectability Sharia Business Units Company Group Structure 148 Struktur Modal Dan Kebijakan 174 Profil Unit Usaha Syariah PT. 80 Komposisi Pemegang Saham Manajemen Atas Struktur Modal Bank Sinarmas Tbk. Share Ownership Composition Capital Structure and Management Profile of Sharia Business Units 81 Informasi Pemegang Saham Utama Policy regarding Capital Structure PT. Bank Sinarmas Tbk. dan Pengendali 150 Ikatan yang Material untuk Investasi 175 Visi, Misi dan Nilai Sharia Information on Main and Controlling Barang Modal Vision, Mission and Sharia Value Shareholders Material Ties for the Investment of 176 Jejak Langkah 82 Sumber Daya Manusia Capital Goods Milestone Human Resources

4 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 178 Dewan Pengawas Syariah 337 Kebijakan dan Prosedur Penetapan 383 Akses Informasi Perusahaan Sharia Super Visory Board Remunerasi Direksi Access to Company Information 182 Direktur Unit Usaha Syariah Policies and Procedures of The 384 Buy Back Shares dan Buy Back Obligasi Board of Directors of Sharia Board of Directors Remuneration Bank Business Unit Determination Buy Back Shares and Buy Back Obligasi 187 Komite Di Bawah Direksi UUS 339 Assessment Dewan Komisaris dan Bank Committees Under The Board Direksi 384 Kode Etik Dan Pedoman Tingkah Laku of Director Assessment of The Board of Codes of Conduct 190 Tinjauan Operasi Per Segmen Commissioners and Board of Directors 385 Budaya Bank Sinarmas Usaha 340 Komite-Komite Di Bawah Dewan Bank Sinarmas Culture Committees Under The Board Komisaris 388 Sistem Pelaporan Pelanggaran of Director Committees Under The Board of Whistleblowing System 200 Kinerja Keuangan Commissioners 390 Penyimpangan Internal Financial Performance 340 Komite Audit Internal Fraud 203 Tata Kelola Perusahaan Audit Committee 393 Praktik Bad Corporategovernance Implementation Of Good 344 Komite Pemantau Risiko Bad Corporate Governance Practice Corporate Governance Risk Monitoring Committee 393 Keberagaman Komposisi Dewan 215 Tanggung Jawab Sosial 349 Komite Remunerasi dan Nominasi Pengawas dan Direksi Perusahaan Committee of Remuneraion and Diversity of The Composition of The Corporate Social Responsibility Nomination Board of Supervisors And Board of 216 Manajemen Risiko 354 Komite Good Corporate Governance Directors Risk Management Komite Good Corporate Governance 216 Sistem Penerapan Manajemen Risiko (GCG) Tinjauan Unit-Unit Bisnis Risk Management Implementation 358 Komite-Komite Di Bawah Direksi Overview of Business Units System Committees Under Board of Directors 396 Filosofi dan Dasar Kebijakan Tanggung 219 Evaluasi Atas Efektivitas Sistem 358 Asset & Liability Management Jawab Manajemen Risiko Committee (ALCO) Philosophy And Basic Policy Of Evaluati on of Effectivity of Risk Asset & Liability Management Responsibility Management System Committee (ALCO) 398 Tanggung Jawab Sosial Bidang 220 Jenis Risiko Dan Pengelolaanya 259 Komite Kredit Korporasi Ketenagakerjaan, Kesehatan, dan Types Of Risks And Its Management Company’s Credit Committee Keselamatan Kerja 360 Komite Information Technology Corporate Social Responsibility on TATA KELOLA PERUSAHAAN Information Technology Committee Manpower Occupational Health and Good Corporate Governance 361 Komite Manajemen Risiko Saftey 288 Dasar Penerapan Tata Kelola Risk Management Committee 399 Tanggung Jawab Sosial Perusahaan Perusahaan 362 Komite Human Capital Management Terhadap Kelestarian Lingkungan The Implementation of Good (HCM) Corporate Social Responsibility on The Corporate Governance Human Capital Management Environment 290 Implementasi Tata Kelola Perusahaan Committee (HCM) 400 Tanggung Jawab Sosial Bidang The Implementation of Corporate 363 Satuan Kerja Audit Internal (SKAI) Pengembangan Sosial dan Governance Internal Audit Work Unit Kemasyarakatan 291 Penilaian Tata Kelola Perusahaan 368 Sistem Pengendalian Internal (SPI) Corporate Social Responsibility on Corporate Governance Assessment Internal Supervision System Social and Community Development 292 Peta Arah Tata Kelola Perusahaan 369 Satuan Kerja Manajemen Risiko 402 Tanggung Jawab Sosial Terhadap Peta Arah Tata Kelola Perusahaan (SKMR) Kepada Nasabah 292 Struktur Tata Kelola Perusahaan Risk Management Work Unit Corporate Social Responsibility To The The Corporate Governance Structure 371 Satuan Kerja Kepatuhan (SKK) Customers 295 Rapat Umum Pemegang Saham (RUPS) Compliance Work Unit General Meeting of Shareholderds 378 Sekretaris Perusahaan Surat Pernyataan Anggota Dewan Komisaris (GMS) Corporate Secretary dan Direksi Tentang Tanggung Jawab atas 305 Dewan Komisaris 382 Akuntan Publik Laporan Tahunan 2014 PT Bank Sinarmas Board of Commissioners Public Accountant Tbk 314 Direksi 383 Transaksi yang Mengandung Benturan Statement of Members of Board of Board of Directors Kepentingan Commissioners and Board of Directors on the 332 Hubungan Kerja Dewan Komisaris dan Transaction Containing Conflicts of Responsibility for the 2014 Annual Report of Direksi Interest PT Bank Sinarmas Tbk Work Relation of The Board of 383 Perkara Perusahaan Commissioners and Board of Directors Legal Cases Laporan Keuangan Konsolidasi Consolidated Financial Statement

Annual Report 2014 | PT. BANK SINARMAS Tbk. 5 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

6 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement 01 Kilas Kinerja 2014 Flashback Performance of 2014

Annual Report 2014 | PT. BANK SINARMAS Tbk. 7 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Ikhtisar Keuangan Financial Highlights

Dalam jutaan Rupiah atau dinyatakan dalam bentuk lain | In million Rupiah unless stated otherwise

Uraian 2012 2013 2014 Description

Laporan Laba Rugi Statements of Income Pendapatan Bunga Bersih 780.192 826.360 987.625 Net Interest Revenues Pendapatan di luar Bunga 171.150 275.230 251.106 Non Interest Revenues Pendapatan Operasional 1.622.734 1.665.377 2.045.612 Operating Revenues Beban Operasional 1.337.255 1.379.277 1.844.717 Operating Expensess Laba Sebelum Pajak 285.479 286.100 200.895 Income Before Tax Laba Bersih 227.906 221.100 154.932 Net Income Jumlah Laba Komprehensif 233.351 221.156 159.624 Total Comprehensive Income Laba Bersih per Saham Earning per Share Dasar 23,57 17,87 11,80 Basic Dilusian 20,15 16,50 11,56 Dilluted

Laporan Posisi Keuangan Statements of Financial Position Jumlah Aset 15.151.892 17.447.455 21.259.549 Total Assets Aset Produktif 12.668.515 14.562.067 17.991.951 Earning Assets Dana Pihak Ketiga 12.860.714 13.819.061 16.946.231 Third Party Fund Jumlah Ekuitas 1.825.608 2.754.260 3.160.482 Total Equity

Rasio Keuangan Financial Ratios Permodalan Equity Pemenuhan modal minimum 18,09% 21,82% 18,38% Capital Adequacy Ratio (CAR) Aset tetap terhadap modal 34,74% 26,85% 26,71% Fixed Assets to Total Equity Aset Produktif Earning Assets Aset produktif bermasalah terhadap total 2,63% 1,88% 2,33% aset produktif Kredit bermasalah (NPL)-bruto 3,18% 2,50% 3,00% Non-Performing Loan (NPL) - Gross Kredit bermasalah (NPL)-neto 2,57% 2,12% 2,56% Non-Performing Loans (NPL) - net PPAP-CKPN terhadap aset produktif 0,73% 0,39% 0,46% Provision to Earning Assets Pemenuhan PPA-CKPN 100,00% 100,00% 100,00% Provisiom Compliance Rentabilitas Profitability Laba terhadap total aset (ROA) 1,74% 1,71% 1,02% Return of Assets (ROA) Laba terhadap ekuitas (ROE) 15,42% 9,23% 5,72% Return on Equity (ROE) Marjin bunga bersih 5,72% 5,23% 5,87% Net Interest Margin (NIM) Biaya operasional/Pendapatan 83,75% 83,25% 91,35% Operational Expenses/Operational Income operasional (BOPO) Likuiditas Liquidity Kredit terhadap dana yang dihimpun 80,78% 78,72% 83,88% Loans to Deposit Ratio (LDR) (LDR) Kepatuhan Presentase pelanggaran BMPK - - - Percentage of Legal Lending Limit Violation Pihak terkait Nil Nil Nil Related Parties Pihak tidak terkait Nil Nil Nil Non Related Parties

8 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Uraian 2012 2013 2014 Description

Presentase pelampauan BMPK Percentage of Legal Lending Limit Excesses Pihak terkait Nil Nil Nil Related Parties Pihak tidak terkait Nil Nil Nil Non Related Parties Giro wajib minimum (Rupiah) 9,45% 9,37% 8,64% Minimum Balance with Bank Indonesia (Rupiah) Posisi devisa neto 6,58% 0,75% 0,18% Net Open Position

Pendapatan Bunga Bersih Dana Pihak Ketiga Net Interest Revenues Third Party Fund

16.946.231

987.625 13.819.061 12.860.714 780.192 826.360

2012 2013 2014 2012 2013 2014

Jumlah Aset Jumlah Ekuitas Total Assets Total Equity

21.259.549 3.160.482 17.447.455 2.754.260

15.151.892 1.825.608

2012 2013 2014 2012 2013 2014

Annual Report 2014 | PT. BANK SINARMAS Tbk. 9 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Ikhtisar Saham Stock Highlights

Periode Januari - Desember 2014

Peredaran Saham di Pasar Reguler Kurs (RG) Share Circulation in Regular Market Jumlah Saham Bulan Tercatat Kapitalisasi Pasar Triwulan Tertinggi Terendah Penutupan Nilai Frekuensi Month Volume Amount of Listed Capitalization Market High Low End Value Frequency Share (Rp) (Rp) (Rp) (Unit) (Rp) (X)

Januari / January 253 235 250 6.540.700 1.613.786.900 301 12.985.531.698 3.246.382.924.500 I Februari / February 255 249 250 8.023.700 2.006.327.700 269 12.985.531.698 3.246.382.924.500 Maret / March 252 236 252 2.458.800 614.726.400 120 12.987.589.702 3.272.872.604.904 April / April 275 250 274 5.125.400 1.343.830.000 302 12.987.589.702 3.558.599.578.348 II Mei / May 275 269 270 6.070.100 1.639.435.700 490 12.989.113.102 3.507.060.537.540 Juni / June 284 270 280 8.675.000 2.416.926.900 4.139 13.001.180.935 3.640.330.661.800 Juli / July 285 262 284 58.073.300 16.259.632.300 2.738 13.003.797.135 3.693.078.386.340 Agustus / August 284 272 280 2.054.500 573.540.600 864 13.003.797.135 3.641.063.197.800 III September / 288 271 283 7.661.000 2.160.996.000 3537 13.895.104.424 3.932.314.551.992 September Oktober / October 284 263 275 495.300 134.387.200 206 13.895.104.424 3.821.153.716.600 November / 280 240 270 1.708.500 461.212.000 876 13.895.104.424 3.751.678.194.480 IV November Desember / 339 273 339 17.003.000 5.116.973.300 5990 13.895.104.424 4.710.440.399.736 December

Periode Januari - Desember 2013

Peredaran Saham di Pasar Reguler Kurs (RG) Share Circulation in Regular Market Jumlah Saham Bulan Tercatat Kapitalisasi Pasar Triwulan Tertinggi Terendah Penutupan Nilai Frekuensi Month Volume Amount of Listed Capitalization Market High Low End Value Frequency Share (Rp) (Rp) (Rp) (Unit) (Rp) (X)

Januari / January 235 215 230 1.801.500 402.670.000 336 10.148.836.246 2.334.232.336.580 I Februari / February 275 220 250 21.194.500 5.321.610.000 3.187 10.148.837.282 2.537.209.320.500 Maret / March 290 240 255 70.648.500 18.967.992.500 14.201 10.149.362.282 2.588.087.381.910 April / April 305 245 255 110.570.500 31.396.440.000 16.055 12.864.922.291 3.280.555.184.205 II Mei / May 260 245 255 8.052.000 2.034.870.000 876 12.864.922.291 3.280.555.184.205 Juni / June 255 220 255 4.358.500 1.016.302.500 410 12.975.346.668 3.308.713.400.340 Juli / July 240 225 235 3.201.500 736.897.500 313 12.976.125.168 3.049.389.414.480 Agustus / August 240 225 225 5.466.500 1.259.672.500 1.079 12.977.636.668 2.919.968.250.300 III September / 240 225 230 4.876.000 1.113.287.500 411 12.978.255.668 2.984.998.803.640 September Oktober / October 250 225 250 2.504.000 584.662.500 375 12.978.255.668 3.244.563.917.000 November / 255 235 245 4.216.500 1.036.875.000 384 12.978.756.498 3.179.795.342.010 IV November Desember / 245 235 240 4.821.500 1.172.805.000 627 12.981.631.498 3.115.591.559.520 December

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Grafik Harga Saham

350

300

250

200

150

100 Q1 Q2 Q3 Q4

50

2014 250 250 252 274 270 280 284 280 283 275 270 339 2013 230 250 255 255 255 255 235 225 230 250 245 240

Grafik Volume Perdagangan

120.000.000

100.000.000

80.000.000

60.000.000 Q1 Q2 Q3 Q4 40.000.000

20.000.000

2014 6.540. 700 8.023.700 2.458.800 5.125.400 6.070.100 8.675.000 58.073.300 2.054.500 7.661.000 495.300 1.708.500 17.003.000

2013 1.801.500 21.194.500 70.648.500 110.570.500 8.052.000 4.358.500 3.201.500 5.466.500 4.876.000 2.504.000 4.216.500 4.821.500

Grafik Kapitalisasi Pasar

5.000

4.000

3.000

2.000 Q1 Q2 Q3 Q4 1.000

2014 3.246 3.246 3.273 3.559 3.507 3.641 3.693 3.641 3.932 3.821 3.752 4.710 2013 2.334 2.537 2.588 3.281 3.281 3.309 3.049 2.920 2.985 3.245 3.180 3.116

Annual Report 2014 | PT. BANK SINARMAS Tbk. 11 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Peristiwa Penting Significant Events

1 13 Februari 2014 Penandatangan Percepatan Pendalaman Pasar Repo antar Bank di Bank Indonesia

February 13, 2014 Signing of the Acceleration and Deepening of Repo Market

2 14 Februari 2014 Penandatanganan Mini Master Repurchase Agreement (Mini MRA) antar Bank di Menara BNI

February 14, 2014 Signing of Mini Master Repurchase Agreement (Mini Mra) Inter Bank at BNI Tower

3 24 Februari 2014 Penarikan Undian Simas Lion Ticket di Metro TV

February 24, 2014 Drawing of Simas Lion Ticket Lottery at Metro Tv

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

4 26 Februari 2014 Penandatanganan Master Repo Agreement Bank Mandiri dan Bank Umum Nasional di Plaza Mandiri

February 26, 2014 Signing of Master Repor Agreement between Bank Mandiri and National Public Banks at Plaza Mandiri

5 13 Maret 2014 Program Pelatihan Manajemen Usaha Mikro Kecil Bank Sinarmas dengan P2EB Universitas Gajah Mada di Yogyakarta

March 13, 2014 Management Training Program for Micro and Small Enterprises of Bank Sinarmas with P2eb Gadjah Mada University in Yogyakarta

6 19 Maret 2014 Peresmian Mobil Kas Bank Sinarmas di Sinarmas Land Plaza

March 19, 2014 Launching of Bank Sinarmas Cash Car at Sinarmas Land Plaza

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

7 5 Mei 2014 Forum Regional Rollout Bank Sinarmas bersama seluruh Kantor Wilayah di Plaza Simas

May 5, 2014 Rollout Regional Forum of Bank Sinarmas together with all Regional Offices at Plaza Simas

8 13 Juni 2014 RUPST dan RUPSLB Bank Sinarmas di Sinarmas Land Plaza

June 13, 2014 GMS and EGMS of Bank Sinarmas at Sinarmas Land Plaza

9 21 Juni 2014 Sumbangan Komputer layak pakai kepada Panti Asuhan Santo Yusuf di Cipanas, Puncak

June 21, 2014 Donation of Computer Appliances to Santo Yusuf Cipanas, Puncak

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

10 5 Agustus 2014 Dalam Rangka Menyambut Idul Fitri 1435 H Tahun 2014, Bank Sinarmas mengadakan Acara Halal Bihalal Bersama Anak Yatim Piatu di Plaza Simas

August 5, 2014 In the event of Eid Al-Fitr 1435 H of 2014, Bank Sinarmas held Halal Bihalal event with orphans at Plaza Simas

11 18 Agustus 2014 Launching Kartu Debit Union Pay Bank Sinarmas di Grand Hyatt

August 18, 2014 Launching of Union Pay Debit Card of Bank Sinarmas at Grand Hyatt

12 7 September 2014 HUT Bank Sinarmas ke 25 Tahun di Plaza Simas

September 7, 2014 Celebration of 25 Anniversary of Bank Sinarmas at Plaza Simas

Annual Report 2014 | PT. BANK SINARMAS Tbk. 15 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

13 25 September 2014 Edukasi Perbankan oleh Bank Sinarmas kepada SDN 02 Lebak Bulus

September 25, 2014 Banking Education event conducted by Bank Sinarmas at SDN 02 Lebak

14 7 November 2014 Perjanjian kerja sama dengan PT Nurbaya Artha Pratama dalam Bidang UMKM di Thamrin City

November 7, 2014 Partnership Agreement with PT Nurbaya Artha

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

15 4 Desember 2014 Public Expose 2014 Bank Sinarmas di Plaza Simas

December 4, 2014 2014 Public Expose of Bank Sinarmas at Plaza Simas

16 19 Desember 2014 Kunjungan Miss Internet Bali di Sinarmas Land Plaza

December 19, 2014 Visit from Miss Internet Bali to Sinarmas Land Plaza

Annual Report 2014 | PT. BANK SINARMAS Tbk. 17 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Penghargaan dan Sertifikasi

Awards and Certifications

GOLDEN TROHPY INFOBANK AWARDS 2014 (18 Juli GOLDEN TROPHY INFOBANK AWARDS 2014 (July 18, 2014) 2014) Bank yang berpredikat “Sangat Bagus” atas kinerja keuangan Obtained the predicate of “Excellent” on the financial tahun 2013 selama 5 tahun berturut - turut. performance of 2013 for 5 years consecutively.

ANUGERAH PERUSAHAAN TERBUKA INDONESIA 2014 2014 AWARD OF INDONESIAN PUBLIC COMPANY FROM ECONOMIC REVIEW (29 Agustus 2014) ECONOMIC REVIEW (August 29, 2014) • Bank dengan Holding Terbaik • Bank with the Best Holding • Peringkat 4 Kelompok Bank Go Public • Fourth Position in the Category of Go Public Bank

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

ANUGERAH PERBANKAN INDONESIA 2014 (18 November 2014 INDONESIA BANKING AWARD (November 18, 2014) 2014) Bank BUKU 2 (dua) Peringkat ke 4 (empat) kategori Bank Go Bank BUKU 2 (two), fourth position in the category of Go Public Public dengan modal inti Rp1 Triliun - Rp5 Triliun. Bank with core capital amounting to Rp1 trillion - Rp5 trillion.

KOMPETISI INKULISI KEUANGAN (KOINKU) OTORITAS FINANCIAL INCLUSION COMPETITION (KOINKU) FROM JASA KEUANGAN THE FINANCIAL SERVICES AUTHORITY Pemenang ke-3 (III) Kategori Akses Keuangan Second runner-up in the Category of Financial Access

Annual Report 2014 | PT. BANK SINARMAS Tbk. 19 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

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Laporan Manajemen Management Report

Annual Report 2014 | PT. BANK SINARMAS Tbk. 21 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Laporan Dewan Komisaris Board of Commissioners Report

Para Pemangku Kepentingan yang Terhormat, Honorable Stakeholders,

Puji syukur kami panjatkan kepada Tuhan Yang Maha Esa, First of all, let us extend our gratitude to God Almighty for His karena atas karunia-Nya Bank Sinarmas kembali meraih blessings so that Bank Sinarmas was able to record another perolehan yang positif meskipun pemulihan kondisi ekonomi positive performance in 2014 despite the fluctuations in global global masih belum sesuai dengan harapan. Selama tahun economic condition. Bank Sinarmas continues to show solid 2014, Bank Sinarmas tetap memperlihatkan kinerja yang solid performance, particularly shown by credit risk, liquidity, and terutama ditunjukkan dengan risiko kredit, likuiditas dan pasar market risks, as well as the ability to sustain strong capital yang cukup terjaga, serta dukungan modal yang kuat. support throughout the year.

Laporan ini berisi penilaian terhadap kinerja Perseroan selama This report encompasses evaluations on the Company’s tahun 2014, implementasi tata kelola perusahaan, serta performance during 2014, implementation of corporate pandangan kami terhadap prospek usaha Perseroan yang telah governance, and our opinion on the Company’s business disusun oleh Direksi untuk masa mendatang. outlooks as drafted by the Board of Directors.

Penilaian Kinerja Direksi Evaluation on the Board of Directors’ Performance Dalam upaya menghadapi tantangan selama tahun 2014, The Board of Commissioners is of the opinion that the Board Dewan Komisaris menilai bahwa Direksi telah bekerja dengan of Directors has performed its management functions in 2014 optimal dalam menjalankan program - program serta telah admirably, particularly in implementing various programs and mengimplementasikan strategi yang telah direncanakan strategies that have been planned at the beginning of the year. sebelumnya dengan tepat.

Kondisi ini merupakan hal yang membanggakan karena This result was very satisfying since the credit growth of Bank pertumbuhan kredit Bank Sinarmas sebesar 30%, berada jauh Sinarmas in 2014 was recorded at 30%, far above the average di atas rata-rata industri yang bertumbuh sekitar 12%, yang growth of the industry which was at 12% as contributed by the dikontribusi oleh kredit korporasi. Selain itu, dengan dibentuknya corporation credit sector. In addition, with the establishment of divisi kredit Retail dan Micro Small Medium Enterprise (MSME), credit division of Retail and Micro, Small and Medium Enterprise maka kredit yang disalurkan Bank Sinarmas kepada Usaha (MSME), loans distributed by Bank Sinarmas to several Micro,

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Kerja keras dan keteguhan dalam memegang prinsip telah menjadi bukti akan kekuatan Perseroan dalam menghadapi tantangan hari ini dan masa yang akan datang.

Our hard work and dedication in upholding the principles serve as the proof of the Company’s strength to face the challenges at the present and that may arise in the future

Tjendrawati Widjaja Komisaris Utama President Commissioner

Annual Report 2014 | PT. BANK SINARMAS Tbk. 23 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Mikro, Kecil dan Menengah (UMKM) juga bertumbuh dengan Small and Medium Enterprises grew by 69%. This was also signifikan yaitu sebesar 69%. Hal ini tentunya tidak terlepas influenced by the vast branch network of Bank Sinarmas that is dari jaringan kantor Bank Sinarmas yang tersebar di 34 provinsi spread over 34 provinces and 157 cities in Indonesia. Hence, we dan 157 kota, sehingga akan lebih mudah dalam menjangkau were able to reach our customers easily. nasabahnya.

Dana pihak ketiga yang dihimpun bertumbuh 23% pada tahun Third Party Funds that were collected grew 23% in 2014. This 2014. Kenaikan ini dikarenakan meningkatnya volume deposito increase was due to the significant improvement in volume of secara signifikan. deposits.

Selama tahun 2014, Bank Sinarmas terus meningkatkan kualitas Throughout 2014, the Bank continues to improve the quality and dan kuantitas sumber daya manusia dengan merekrut lebih quantity of its human resources as marked by the recruitment dari 1.000 orang karyawan baru dan secara berkesinambungan of 1,000 new employees. Moreover, the Bank also continues mengadakan program - program pelatihan dan pendidikan. to conduct various training and educational programs to Disamping itu, investasi atas perangkat keras, perangkat contribute to the improvement of its Human Resources. During lunak serta peralatan kantor juga terus dilakukan. Investasi - the year, Bank Sinarmas also conducted several investments on investasi ini merupakan bagian dari strategi jangka panjang software and hardware aas well as office supplies as a part of yang dilakukan Bank Sinarmas untuk meningkatkan daya saing the Bank’s long-term strategy to improve its competitiveness dalam menghadapi kompetisi di masa mendatang. Namun di in facing the dynamics of the future. However, at the same lain sisi, investasi ini mendorong naik beban operasional diluar time, these investments also escalated our operating expenses beban bunga sebesar 27% dari tahun 2013 dan berdampak outside of the interest expenses amounting to 27% from that terhadap penurunan laba bersih sebesar 30%. of he previous year, and impacted on the decrease of net income amounting to 30%.

Pelaksanaan Tugas Pengawasan Implementation of Supervisory Kepada Direksi Function on the Board of Directors Sepanjang tahun 2014, Dewan Komisaris melakukan tugas Throughout 2014, the Board of Commissioners had performed pengawasan terhadap kebijakan manajemen, mekanisme its supervisory function on management policies and kepengurusan dan operasional Bank yang dijalankan oleh mechanism, as well as Bank’s operations conducted by the Direksi serta memberikan masukan dan arahan kepada Direksi Board of Directors. Moreover, the Board of Commissioners had mengenai kinerja yang sedang dijalankan. Berdasarkan evaluasi provided inputs and recommendations for the Board of Directors atas kinerja operasional di tahun pelaporan, Dewan Komisaris regarding the performance of Bank Sinarmas. Based on the mengamanatkan kepada Direksi untuk terus memperkuat evaluation of operational performance in 2014, we advised the posisi modal, meningkatkan kualitas dan kompetensi sumber Board of Directors to continue strengthening the Company’s daya manusia serta memperkuat jaringan dan pengembangan capital position, improving the quality and competencies of teknologi informasi. Kami mengarahkan agar Direksi melakukan human resources as well as developing information technology berbagai inovasi dengan melihat perkembangan pasar. and network. We directed the Board of Directors to continue innovating by taking into account the market development.

Terkait dengan likuiditas, Dewan Komisaris mendorong Pertaining to the liquidity, the Board of Commissioners manajemen untuk fokus pada pengumpulan dana murah, encouraged the management of the Bank to focus on low dengan tetap memperhatikan likuiditas dan kondisi pasar, serta cost funds gathering, by always taking into account liquidity

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

melakukan berbagai upaya untuk memperkuat penghimpunan and market condition, and strive to improve fund collection dana masyarakat melalui intensifikasi strategi dan pelayanan from the public through intensification of strategy and high- yang berkualitas. Terkait pengelolaan risiko, Dewan Komisaris quality service. In managing risks, the Board of Commissioners senantiasa mendorong manajemen untuk semakin intensif constantly encourages the management to be more intensive dalam upaya meningkatkan mitigasi risiko melalui Enterprise in mitigating risks through the integrated Enterprise Wide Risk Risk Management (ERM) secara terintegrasi, sehingga risiko Management (EWRM) program in order to transform the risks yang dihadapi dapat diubah menjadi peluang peningkatan faced by the Company into business opportunities. In addition, usaha. Selain itu, Dewan Komisaris juga terus mengawasi we constantly monitor risk management performed by the dengan seksama pengelolaan risiko yang dilaksanakan Direksi Board of Directors with the support of the relevant committees. dengan dukungan dari komite yang relevan pengelolaan With proper management of risks and involvement of all risk risiko yang bijak dan melibatkan seluruh risk owner dalam owners in order to mitigate the main risks, Bank Sinarmas will upaya memitigasi risiko utama, akan menghindarkan Bank be able to avoid adverse impact generated from potential risks Sinarmas dari kejadian risiko yang fatal dan dapat menjamin and thus, ensuring the sustainability of the Company in the keberlangsungan usaha dalam jangka panjang. long-term.

Peran Komite-Komite di bawah Dewan Roles of the Committees under the Komisaris Board of Commissioners Dalam menjalankan pengawasan yang ketat terhadap In implementing a tight supervisory function on the Company’s Perseroan, baik dalam hal kinerja keuangan maupun tata kelola operational and financial performance as well as the overall yang baik secara keseluruhan, kami dibantu oleh 4 (empat) governance, the Board of Commissioners is assisted by 4 komite yaitu Komite Audit, Komite Pemantau Risiko, Komite (four) committees namely Audit Committee, Risk Oversight Remunerasi dan Nominasi, serta Komite Good Corporate Committee, Remuneration and Nomination Committee, and Governance. Good Corporate Governance (GCG) Committee.

Selama tahun 2014, keempat komite tersebut telah menjalankan During 2014, these four committees had performed their tugas dengan baik dan telah memberikan kontribusi besar duties and responsibilities commendably, and had provided terhadap pertumbuhan Bank Sinarmas. Implementasi program significant contribution to the growth of Bank Sinarmas. kerja serta fungsi masing-masing komite yang tepat, senantiasa Proper implementation of work program and function of each mendukung tugas dan tanggung jawab Dewan Komisaris. committee constantly supported duties and responsibilities of Dibantu oleh keempat komite tersebut, Dewan Komisaris the Board of Commissioners. Moreover, through the assistance senantiasa mendorong penerapan standar tata kelola of these four committees, the Board of Commissioners yang baik secara menyeluruh di semua aktivitas Perseroan continues to support the implementation of thorough good serta memperkuat fungsi - fungsi komite demi mendorong corporate governance in all activities of the Company, while tercapainya sistem perbankan yang sehat. strengthening the functions of other committees to achieve a healthy banking procedure in the future.

T atA Kelola Perusahaan Good Corporate Governance Pada tahun 2014, self assessment Good Corporate Governance In 2014, Good Corporate Governance (GCG) self-assessment (GCG) Bank Sinarmas menunjukkan kinerja yang baik. Hal ini of Bank Sinarmas showed excellent performance which dapat memberikan nilai positif bagi para pemegang saham dan consequently provided positive values for all shareholders and pemangku kepentingan. Penerapan tata kelola perusahaan stakeholders. Implementation of GCG by the Board of Directors yang baik oleh Direksi juga tergambar dengan jelas dalam during the year was reflected on the improvement of employees’ kegiatan Perseroan yaitu dengan meningkatnya kesadaran awareness on the importance of transparency aspect; thus, segenap karyawan akan pentingnya nilai-nilai transparansi GCG principles of Transparency, Accountability, Responsibility,

Annual Report 2014 | PT. BANK SINARMAS Tbk. 25 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

sehingga prinsip Transparency, Accountability, Responsibility, Independency, Fairness (TARIF) can be implemented optimally Independency, Fairness (TARIF) dapat berjalan dengan semakin in all business activities of the Company. Furthermore, the maksimal. GCG telah dibuktikan dengan berkurangnya function of each GCG instrument showed positive performance pelanggaran yang dilakukan oleh pihak-pihak terkait. as proven by the low rates of fraud and violation of regulations in the Bank throughout the year.

Tanggung Jawab Sosial Bank Sinarmas Corporate Social Responsibility of Bank Sinarmas Dewan Komisaris mengamanatkan kepada Direksi untuk We have mandated the Board of Directors to improve bte meningkatkan kualitas pelaksanaan program tanggung jawab quality of corporate social responsibility (CSR) program of the sosial sehingga pelaksanaannya lebih efisien, terukur, terarah Bank through a structured coordination in order to ensure a serta menjangkau pemangku kepentingan sekitar dengan baik. more efficient, measured, and directed implementation so as to be able to reach all stakeholders of the Bank.

Bagi Bank Sinarmas, pelaksanaan tanggung jawab sosial For us, the implementation of CSR Activities is a social investment merupakan investasi sosial yang akan memperdalam hubungan that will deepen our mutual relationship with the community timbal balik dengan masyarakat sehingga pada akhirnya dapat which ultimately will impact on the growth of performance and memberikan dampak peningkatan kinerja dan branding Bank development of the Comapany’s brands. All CSR programs of Sinarmas. Seluruh program tanggung jawab sosial perusahaan the Bank are included in our commitment to incorporating the termasuk dalam komitmen Bank Sinarmas untuk menerapkan responsibility principle in order to improve the quality of GCG prinsip pertanggungjawaban dalam rangka meningkatkan implementation. Furthermore, we will always strive to create kualitas GCG dan selalu berupaya menciptakan keselarasan harmony between the operational performance and profit antara kinerja operasional dan pertumbuhan profit dengan growth with our CSR programs. tanggung jawab sosial perusahaan.

Pengembangan Sumber Daya Manusia Development of Human Resources and dan Teknologi Informasi Information Technology Semua staf dan manajemen Bank Sinarmas memiliki kesamaan All staffs and management of Bank Sinarmas have a common visi dan komitmen untuk menjadi mitra terbaik bagi nasabah. vision and commitment to be the best partner for our Untuk itu, berbagai pelatihan untuk meningkatkan kompetensi customers. To that end, a variety of trainings to improve the masing - masing individu terus dilakukan secara berkala. competence of each individual continued to be conducted Perseroan juga telah menyediakan dana yang diinvestasikan periodically. The Company had also provided funds invested in untuk pelatihan dan pengembangan sumber daya manusia training and development of human resources of the Company sesuai dengan Peraturan Bank Indonesia Nomor 31/310/ in accordance with the Regulation of Bank Indonesia No. KEP/DIR 1999. Evaluasi secara berkala juga dilakukan terkait 31/310/KEP/DIR 1999. The evaluation was also conducted at dengan pengembangan sistem rekrutmen, seleksi, dan on- regular intervals associated with the development of the system boarding, serta menyangkut pembaharuan sistem informasi of recruitment, selection, and on-boarding; both related to the yang digunakan dan peningkatan kompetensi para recruiters. tools used, and to increase the competence of the recruiters.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Selama tahun 2014, Bank Sinarmas terus meningkatkan During 2014, we continued to improve the performance of IT kinerja unit kerja information Technology (IT) sehingga dapat work unit in order to continue supporting the development terus mendukung perkembangan Bank yang selanjutnya of the Bank so as to be able to improve its competitiveness. meningkatkan daya saing Bank Sinarmas. Teknologi yang Technology that was implemented focused on improving diimplementasikan berfokus pada peningkatan efektivitas dan the effectiveness and efficiency, and customer-oriented efisiensi kerja yang berorientasi pada nasabah. Sebesar 60% improvement. 60% proceeds from the Rights Issue I (PUT I) are dana hasil Penawaran Umum Terbatas I (PUT I) digunakan used for information technology spending. This is performed untuk pembelanjaan teknologi informasi. Hal ini dilakukan to realize the ideals of the Company to be the best bank in untuk mewujudkan cita-cita Perseroan untuk menjadi Bank Indonesia. terbaik di Indonesia.

Pandangan dan Prospek Ke Depan Future Prospects Berdasarkan data statistik Bank Indonesia, hingga saat ini According to the statistical data from Bank Indonesia, total jumlah Bank yang ada di Indonesia mencapai 119 Bank. World banks in the country currently reach 119 banks. On the other Bank juga mencatat bahwa masih ada sekitar 53% masyarakat hand, World Bank recorded that there are approximately 53% Indonesia yang belum tersentuh jasa perbankan. Oleh karena of the total of Indonesians that are categorized as unbankable itu, strategi yang disusun oleh Direksi difokuskan untuk people, meaning that they do not have access to banking membidik pasar yang masih besar tersebut dan mencapai services. Thus, strategies that are compiled by the Board objektif jangka panjang. Dengan mengoptimalkan jaringan of Directors shall be focused on targeting the market and dan sistem yang dimiliki, kami optimis bahwa Bank Sinarmas achieving the long-term objective of the Bank. By optimizing dapat menjadi Payment and Transaction Bank yang terkemuka our established network and system. We are optimistic that kedepannya. Bank Sinarmas will be able to become a leading Payment and Transaction Bank in the future.

Selain itu, melihat peluang pasar yang masih terbuka pada In addition, by taking into account the market opportunities tahun 2015, prospek yang disusun oleh Direksi untuk tetap of 2015 that are wide open, business outlooks compiled by membidik kredit sektor usaha mikro, kecil dan menengah, the Board of Directors will continue prioritizing the sector of akan ditingkatkan. Berbekal pengalaman yang telah dimiliki, MSMEs that is projected to remain lucrative in the following kami yakin Bank Sinarmas mampu menjadi bagian dari years. Supported by our experiences, we are optimistic program pemberdayaan rakyat dengan menjadi penyalur kredit that Bank Sinarmas will be able to participate in society bagi usaha kredit kecil dan menengah (UMKM). Kami yakin empowerment program by becoming a loan distributor for bahwa langkah-langkah konkret dan strategis yang disusun the sector of SMEs. The Board of Commissioners believes that Direksi akan mampu meningkatkan performa Perseroan dan with the proper implementation of the Board of Directors’ membantu pemerintah dalam menekan angka pengangguran. strategies, Company’s performance will improve and we can assist the nation in reducing unemployment rate.

Kerja keras dan keteguhan dalam memegang prinsip telah Our hard work and dedication in upholding the principles serve menjadi bukti akan kekuatan Perseroan dalam menghadapi as the proof of the Company’s strength to face the challenges tantangan hari ini dan masa yang akan datang. Visi dan misi at the present and that may arise in the future, Vision, mission serta budaya perusahaan merupakan pedoman nyata bagi and corporate culture are the actual guidelines for the Bank to Perseroan untuk terus tumbuh dan berkembang menjadi yang always grow and develop to be the best in Indonesia’s banking terbaik dalam sektor perbankan Indonesia. industry.

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Perubahan Pada Komposisi Dewan Changes in the Composition of the Komisaris Board of Commissioners Pada Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) By virtue of Extraordinary General Meeting of Shareholders tanggal 13 Juni 2014, telah terjadi perubahahan komposisi (EGMS), convened on June 13, 2014, there was a change in Dewan Komisaris di mana Bapak Rusmin diangkat sebagai the composition of the Board of Commissioners. Mr. Rusmin Komisaris Independen menggantikan Bapak Wimpie Rianto was appointed as Independent Commissioner, replacing Mr. yang telah resmi menyelesaikan masa jabatannya. Semoga Wimpie Rianto who has completed his term of office. With this susunan komposisi Dewan Komisaris yang baru dapat new composition, we, the Board of Commissioners, believe that memberikan kontribusi yang maksimal bagi Perseroan. Kami we will be able to continue providing optimum contribution mengucapkan terima kasih dan menyampaikan apresiasi to the Company. We would like to extend our gratitude and yang setinggi-tingginya kepada Bapak Wimpie Rianto atas appreciation to Mr. Wimpie Rianto for his dedication and kontribusinya kepada Perseroan selama ini. contribution to the Company during his tenure.

Apresiasi Appreciations Kami mengucapkan apresiasi yang tinggi kepada Direksi dan We would like to appreciate the Board of Directors and all segenap karyawan PT. Bank Sinarmas Tbk., serta seluruh employees of PT. Bank Sinarmas Tbk., as well as all stakeholders, pemangku kepentingan atas dukungan, dedikasi dan for their hard work, dedication and supports so that the Bank keberhasilan yang memuaskan sehingga Bank Sinarmas dapat was able to record a satisfying performance in 2014 and memberikan yang terbaik kepada pemegang saham, nasabah, provided best results to all shareholders, customers and public dan masyarakat. Semoga Tuhan Yang Maha Pengasih dan in general. May God Almighty always bless us all. Penyayang selalu memberikan karunia-Nya untuk kita semua.

Jakarta, 24 April 2015 / April 24, 2015 Atas nama Dewan Komisaris / On behalf of the Board of Commissioners,

Tjendrawati Widjaja Komisaris Utama / President Commissioners

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Sammy Kristamuljana Tjendrawati Widjaja Rusmin Komisaris Independen Komisaris Utama Komisaris Independen Independent Commissioner President Commissioner Independent Commissioner Annual Report 2014 | PT. BANK SINARMAS Tbk. 29 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Laporan Direksi Board of Directors Report

Para Pemangku Kepentingan yang terhormat,

Respectable Stakeholders,

Pertama-tama atas nama Direksi PT. Bank Sinarmas Tbk. kami On behalf of the management of PT. Bank Sinarmas Tbk., we mengucapkan puji syukur kepada Tuhan Yang Maha Esa atas would like to offer our sincerest gratitude to God Almighty for berkah dan karunia-Nya sehingga Perseroan dapat melalui His blessings and mercy that the Company is able to overcome tahun 2014 yang penuh tantangan dengan menorehkan various challenges and dynamics in 2014 by recording positive kinerja yang positif. Bank Sinarmas menunjukkan performa and satisfying growth. Bank Sinarmas showed an admirable yang lebih baik daripada ekspektasi pasar industri perbankan performance thorughout the year, exceeded the banking lainnya. Pencapaian ini mencerminkan hasil kerja keras industry market expectation in the country. This achievement seluruh manajemen dan karyawan yang telah berfokus pada reflected the hard work of all management and employees that peningkatan kinerja dengan hasil yang maksimal. had been focusing on the optimization of performance during the year.

Kinerja 2014 2014 Performance Di tengah kondisi ekonomi global yang belum membaik serta In spite of the fluctuations of global economy as well as the perekonomian nasional yang menantang, ditengarai dengan challenging situation in the domestic front marked by tight likuiditas yang ketat dan suku bunga yang tinggi, Bank liquidity and high interest rate, Bank Sinarmas was able to Sinarmas tetap bertahan dengan serangkaian pencapaian yang maintain its performance and even record a series of positive membanggakan. achievement during 2014.

Pada tahun 2014, Bank Sinarmas telah mengungguli ekspektasi This year, we had exceeded market expectation in terms of loan pasar dalam pertumbuhan kredit sebesar 18% dan dalam growth by 18% in in third party fund growth by 10%. At the pertumbuhan dana pihak ketiga sebesar 10%. Di akhir tahun end of 2014, the growth of loan and third party fund were 2014, kredit dan dana pihak ketiga (DPK) Bank Sinarmas recorded at 30% and 23% respectively compared to the same masing-masing tumbuh sebesar 30% dan 23% dari akhir tahun aspect recorded at the end of 2013. sebelumnya.

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Dengan mengoptimalkan jaringan yang sudah terjalin di 382 kantor cabang yang tersebar di 34 provinsi di Indonesia, kami mengharapkan Bank Sinarmas dapat bertransformasi menjadi Payment and Transaction Bank.

By optimizing the Company’s network over 382 established branch offices spread over 34 provinces in Indonesia, Bank Sinarmas expects to transform into Payment and Transaction Bank.

Freenyan Liwang Direktur Utama President Director

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Di tengah ketatnya persaingan industri perbankan Indonesia, Amid the rigidity of banking industry competition in the country, komposisi DPK Bank Sinarmas mengalami perubahan. Pada the composition of third party fund of the Bank changed. As of tanggal 31 Desember 2014, dana Giro dan Tabungan (CASA) December 31, 2014, the value of Current Accounts and Saving turun 15%, persentase CASA terhadap total DPK turun dari Accounts (CASA) declined by 15% with the percentage of 65% di tahun 2013 menjadi 50% di tahun 2014. Namun, secara CASA to third party fund down from 65% in 2013 to 50% rata - rata persentase CASA terhadap total DPK hanya turun in 2014. However, in average, the percentage of CASA value 0,06% menjadi 62,35% pada tahun 2014 dari sebelumnya to total third party fund decreased slightly by 0.06%, from 62,41% pada tahun 2013. Dari segi pendapatan, perubahan 62.41% in 2013 to 62.35% in 2014. In terms of income, the komposisi CASA tidak berdampak terhadap pendapatan bunga decrease of CASA did not provide significant impact on the bersih Bank yang meningkat secara signifikan sebesar 19,512% net interest income of the Bank in 2014 which was recorded dari Rp826 miliar pada tahun 2013, menjadi Rp988 miliar pada to increase by 19.52% from Rp826 billion in 2013 to Rp988 tahun 2014. billion.

Menanggapi tantangan industri perbankan selama 2014, kami In overcoming the challenges of banking industry during the menerapkan langkah-langkah strategis untuk memperkuat year, we had implemented several strategic steps to strengthen modal dan memperoleh pertumbuhan yang positif. Perseroan capital structure in order to obtain positive growth. The mengeluarkan saham baru sebesar 10% dari modal Company issued new shares through Capital Increment without ditempatkan dan disetor penuh melalui Penambahan Modal the issuance of preemptive rights (HMETD) of 10% of the total Tanpa Hak Memesan Efek Terlebih dahulu (PMTHMETD) dan issued and fully paid capital and gained approximately Rp354 memperoleh tambahan modal sekitar Rp354 miliar. billion to increase out capital.

Dilihat dari bursa perdagangan saham pada 2014, saham BSIM Regarding the stock exchange for 2014, share of BSIM ditutup pada level 339 pada akhir 2014. Volume perdagangan was closed at the level of 339 by year end. The Bank’s stock saham BSIM mencapai 17.003.000 lot saham per 31 Desember transaction volume reached 17,003,000 lot of shares per 2014. December 31, 2014.

Kinerja Unit Usaha Syariah Performance of Sharia Business Unit Pada 2014, Unit Usaha Syariah (UUS) kembali mencatatkan In 2014, the Bank’s Sharia Business Unit recorded a significant pertumbuhan yang signifikan. Pendapatan operasional Bank growth. Operating revenue of the Bank grew by 132.87% tumbuh 132,87% dari Rp126,11 miliar pada 2013 menjadi to be at Rp292.54 billion from that of the 2013 recorded at Rp292,54 miliar pada 2014. Sedangkan DPK tumbuh 128,16% Rp126.11 billion. Meanwhile, Third Party Fund increased by dari Rp628 miliar pada tahun 2013 menjadi Rp1.432 miliar 128.16% from Rp628 billion in 2013 to Rp1,432 billion. pada tahun 2014.

Untuk mendukung kegiatan operasional UUS, dilakukan To support the operations of Sharia Business Unit, the Bank perekrutan sumber daya manusia (SDM) sebanyak hampir 400 increased the quantity of its Human Capital by recruiting orang. Jumlah SDM UUS pada tahun 2014 meningkat 68,29% almost 400 people during the year. Thus, total Human Capital menjadi 966 karyawan dibandingkan tahun sebelumnya employed in the Sharia Business Unit were 966 employees, sebesar 574 karyawan. Perseroan juga menambah jumlah increased by 68.29% from the previous year which was 574 kantor cabang UUS sebanyak 2 (dua) kantor sehingga sampai employees. In addition, the Company also added 2 (two) new 31 Desember 2014, jumlah kantor cabang UUS sebanyak 38 branch offices for this business unit; thus, by the end of 2014, kantor. the number of branch offices for the unit amounting to 38 offices.

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Sumber Daya Manusia dan Teknologi Human Capital and Information Informasi Technology Tahun 2014 menjadi titik tolak yang progresif dari perencanaan, The year of 2014 served as a progressive turning point for the pengelolaan dan pengembangan human capital untuk Company in terms of planning, management, and development diarahkan pada peningkatan kinerja Bank Sinarmas. Hal ini of its human capital, that was directed for the improvement of tercermin pada pertumbuhan jumlah karyawan Perseroan yang the performance of the Bank. This was reflected on the total mencapai 23,45% dengan jumlah karyawan pada akhir tahun employees of the Company which grew by 23.45% with 6,421 2014 sebanyak 6.421 karyawan. employees recorded at the end of the year.

Seiring dengan transformasi yang dilakukan Perseroan, jumlah In line with the transformation conducted by the Company, karyawan tersebut akan terus bertambah pada tahun - tahun amount of employees is projected to grew accordingly in the mendatang. Namun demikian, Perseroan tidak ingin hanya following years. Nevertheless, the Company will not increase menambah karyawan dari sisi kuantitas, tapi juga berusaha only the quantity of employees but also improve their quality. untuk meningkatkan kualitas karyawannya. Oleh karena itu, Thus, various trainings and education are implemented for the serangkaian program pendidikan dan pelatihan di Learning personnel of the Bank through the use of its Learning Center Center terfokus pada pelaksanaan pelatihan yang bersifat with the focus on both operational and technical trainings, such operasional atau spesifik, sertifikasi, serta pelatihan motivasi as certifications as well as motivational trainings that aim to untuk meningkatkan ownership dan accountability karyawan. develop the ownership and accountability of all employees. Our Learning Center juga mendukung program penerimaan Learning Center will also support the On-Boarding Program, karyawan (On-Boarding Program), dengan memberikan a recruitment program of the Bank that provided education pendidikan melalui fasilitas e-Learning. Pada 2014, Bank through the e-Learning facility. In 2014, Bank Sinarmas had Sinarmas sudah mengivestasikan dana pendidikan sebesar invested education fund amounting to 5.27% of the total 5,27% dari Biaya Tenaga Kerja, lebih dari yang diwajibkan oleh of Employee Expenses, exceeded the mandatory fund set by Regulator Perbankan. Banking Regulators.

Menindaklanjuti kerja sama dengan institusi pendidikan di To follow-up our partnership with various educational tahun sebelumnya, Bank Sinarmas menunjukkan komitmen institutions that had been established in the past years, Bank dengan melakukan pengembangan kerja sama serupa pada Sinarmas showed its commitment by carrying out similar tahun 2014 dengan beberapa institusi pendidikan lainnya. programs with other educational institutions in 2014. As of Saat ini, Bank Sinarmas telah bekerja sama dengan Universitas now, Bank Sinarmas has been partnering with Gadjah Mada Gadjah Mada, Prasetiya Mulya University, Bina Nusantara University, Prasetiya Mulya University, Bina Nusantara University, University dan Boston School of Banking. and Boston School of Banking.

Manajemen menyadari bahwa Teknologi Informasi sangat We are aware of the fact that information technology plays an berperan besar dalam kegiatan perbankan, baik operasional important role in banking activities, both in terms of operational maupun non operasional. Dalam rangka mewujudkan cita-cita and non-operational activities. Hence, in order to actualize the perusahaan untuk menjadi Bank terkemuka di Indonesia, Bank vision of the Company to be the leading bank in Indonesia, Sinarmas terus melakukan pengembangan Teknologi Informasi Bank Sinarmas continues to innovate in the field of information secara berkelanjutan sesuai dengan IT Strategic Plan (ITSP) Bank. technology in line with our IT Strategic Plan (ITSP) that had Pada tahun 2014, unit kerja IT Bank Sinarmas telah melakukan been drafted beforehand. In 2014, the Bank’s IT work unit pengembangan-pengembangan sesuai dengan roadmap ITSP had carried out various developments in accordance with the

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yang berorientasi pada nasabah, seperti mengembangkan dan strategis stated in the ITSP road map that were oriented to the meningkatkan fitur e-channel untuk meningkatkan layanan dan customers, such as developing and improving e-channel feature kemudahan bagi nasabah dalam bertransaksi, meningkatkan to exted our services and facilitate the customers in transaction layanan dalam kegiatan operasional perbankan Syariah dengan activities; improving services in the Sharia banking operations menyiapkan sistem Customer Service Syariah, mengembangkan through the system of Sharia Customer Service; developing the layanan bill payment yang dimiliki dengan terus meningkatkan established bill payment service by improving partnership with kerja sama dengan para biller, mengimplementasikan Sales the billers; implementing Sales Management System; as well Management System, serta membangun ruang monitoring as preparing a space for the monitoring function of Network untuk Network Operation Center (NOC). Operation Center (NOC).

Dalam memasuki tahun 2015, Bank Sinarmas telah menyiapkan As we enter 2015, Bank Sinarmas has prepared several rencana strategis terkait teknologi informasi untuk semakin strategic plans related to the information technology system meningkatkan pelayanan kepada nasabah serta mendukung to be implemented to improve services to all customers as well kegiatan bisnis dan operasional Bank. Rencana strategis ini as supporting the Bank’s business and operational activties. mencakup seluruh aspek yaitu Organisasi dan IT Governance, These strategic plans encompass all aspect of the Bank such Aplikasi, dan Infrastruktur IT. as Organization and IT Governance, Application, and IT Infrastructure.

Komite-Komite di bawah Direksi Committees under the Board of Directors Selama tahun 2014, komite di bawah Direksi yang terdiri dari During 2014, the committees under the Board of Directors, Asset & Liability Management Committee (ALCO), Komite namely Asset & Liability Committee (ALCO), Credit Committee, Kredit, Komite Teknologi Informasi, Komite Manajemen Information Technology Committee, Risk Management Risiko serta Komite Human Capital Management (HCM), Committee, and Human Capital Management Committee, had telah menjalankan perannya dengan baik dan bekerja sesuai performed their duties and responsibilites well and efficiently. dengan tugas dan tanggung jawabnya masing - masing. Setiap Each committee periodically convened in a meeting to discuss komite secara berkala melakukan pertemuan untuk membahas work program or review the established regulations and program kerja atau melakukan kajian terhadap aturan yang ada disesuaikan dengan perkembangan kondisi Perseroan.

T atA Kelola Perusahaan yang Baik Good Corporate Governance Bank Sinarmas selalu berkomitmen untuk mengimplementasikan Bank Sinarmas is fully committed to implementing the principles prinsip - prinsip good corporate governance (GCG) di semua lini of good corporate governance (GCG) in all levels and business Perseroan. Terkait hal ini, Perseroan melakukan self assessment activities. To support this commitment, the Company conducts yang menunjukkan penilaian yang lebih baik dari tahun self-assessment on GCG implementation that show positive sebelumnya. Penyempurnaan dalam setiap komponen GCG result in each passing year. Improvement in all components of akan terus ditingkatkan demi menjaga stabilitas performance GCG in the Company will continue to be carried out to maintain perusahaan. Kami menyadari bahwa terlaksananya prinsip - the stability of the Company’s performance. We are aware of prinsip GCG secara konsisten akan memperkuat posisi daya the fact that consistent implementation of GCG principles will saing, meningkatkan kinerja serta meningkatkan kepercayaan strengthen our competitiveness, improve our performance, and shareholders dan stakeholders serta pemangku kepentingan increase the trusts of all shareholders and stakeholders of the lainnya. Company.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility Bank Sinarmas berkomitmen untuk melaksanakan program Bank Sinarmas is fully committed to implementing Corporate tanggung jawab sosial sesuai dengan butir -- butir ketentuan Social Responsibility (CSR) programs in accordance with Bapepam-LK Nomor: KEP-431/BL/2012 tertanggal 1 Agustus the stipulations og Bapepam-LK Number: KEP-431/BL/2012 2012 yang meliputi tanggung jawab sosial dalam bidang dated August 1, 2012, which covers social responsibility in Ketenagakerjaan, Kesehatan dan Keselamatan Kerja, Manpower, Occupational Health and Safety, Environment, Lingkungan Hidup, Pengembangan Sosial dan Kemasyarakatan, Social and Community Development, as well as Responsibility serta Tanggung jawab terhadap Nasabah. Pelaksanaan program to Customers. The implementation of CSR programs is also tanggung jawab sosial ini juga bertujuan untuk mengaplikasikan intended to apply the principle of responsibility in line with prinsip responsibility atau pertanggungjawaban sesuai the Guidelines of the National Committee on Corporate Pedoman Komite Nasional Kebijakan Governance (KNKG). Governance (KNKG).

Bank Sinarmas melangkah maju mengembangkan diri secara Bank Sinarmas continues to develop its operations and business berkesinambungan dengan slogan “We Always Care” yang as marked with our slogan of “We Always Care ” which serves merupakan komitmen bersama dari pemegang saham, as the commitment of all shareholders, management, and pengurus dan karyawan Bank untuk selalu memiliki kepedulian employees of the Bank. With this slogan, we aim to always kepada nasabah, rekan kerja, rekan bisnis dan lingkungan prioritize the needs of customers, colleagues, partners and sehingga Bank Sinarmas dapat mewujudkan visi perusahaan environment in which we operate, so that Bank Sinarmas will sebagai Bank Terkemuka di Indonesia juga sebagai good be able to realize the vision of becoming the Leading Bank as corporate citizen. well as the good corporate citizen in Indonesia.

Peristiwa Penting 2014 Significant Events in 2014 Manajemen mengapresiasi seluruh kerja keras dan kerja sama The management appreciates all hard work and cooperations of seluruh karyawan sehingga Bank Sinarmas berhasil memperoleh all employees in recording satisfying achievements throughout berbagai prestasi sepanjang 2014, antara lain: the 2014, such as: 1. Memperoleh Golden Trophy Infobank Awards 2014 1. Obtaining the Golden Trophy Infobank Awards of 2014 as sebagai Bank yang berpredikat “Sangat Bagus” atas kinerja a Bank with the predicate of “Excellent” for the financial keuangan tahun 2013 selama 5 (lima) tahun berturut - performance of 2013, for 5 (five) years respectively; turut; 2. Sebagai Bank dengan Holding Terbaik dan mendapatkan 2. The Bank with the Best Holding as well as obtaining the 4th Peringkat 4 (empat) dalam Kelompok Bank Go Public position in the 104 Indonesia’s Public Company Awards in dalam Anugerah Perusahaan Tbk. Indonesia 2014 Economic the category of “Go Public Bank” from Economic Review; Review; 3. Bank BUKU 2 (dua) Peringkat ke 4 (empat) kategori Bank 3. An award in Bank BUKU 2 (two) and 4th position in the Go Public dengan modal inti Rp1 Triliun - Rp5 Triliun dalam category of “Go Public Bank of core capital amounting to Anugerah Perbankan Indonesia 2014; dan Rp1 trillion - Rp5 trillion” in the 2014 Indonesia’s Bnking Awards; and 4. Pemenang ke 3 (III) Kategori Akses Keuangan dalam 4. Second Runner-up of the Financial Inclusion Competition Kompetisi Inkuliusi Keuangan (Koinku) Otoritas Jasa (KOINKU) in the Category of Financial Access from the Keuangan. Financial Services Authority

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Semoga prestasi yang berhasil diraih selama 2014 dapat With all achievements obtained throughout 2014, we hope menambah semangat untuk meraih kinerja yang lebih baik di to improve our spirit in order to perform much better in the tahun-tahun mendatang. upcoming years.

Perubahan Komposisi Anggota Direksi Changes in the Composition of Board of Directors Hingga 31 Desember 2014, Perseroan tidak melakukan As of the end of December 31, 2014, there was no changes to the perubahan atas komposisi keanggotaan Direksi. Namun, composition of Board of Directors. However, in the beginning of Perseroan melakukan penambahan 2 (dua) anggota Direksi 2015, the Company appointed 2 (two) new directors, Soejanto dengan mengangkat Bapak Soejanto Soetjijo dan Bapak Soetjijo as Retail Banking Director and Frenky Tirtowijoyo Susilo Frenky Tirtowijoyo Susilo sebagai Direktur dalam Rapat Umum as Operations and Information Technology Director through Pemegang Saham Luar Biasa (RUPSLB) pada 24 Maret 2015. the Extraordinary General Meeting of Shareholders (EGMS) Penambahan komposisi Direksi bertujuan untuk mendukung on March 24, 2015. This appointment has been approved on perkembangan Bank dimasa mendatang dan agar lebih fokus April 1, 2015. The addition in the composition of Board of pada pencapaian startegi serta penguatan dibidang operasional Directors aims to support the development of the Bank in the dan teknologi informasi dalam upaya mewujudkan objektif future so as to be more focused on achieving effective strategy jangka panjang Bank yaitu menjadi “Payment & Transaction implementation as well as strengthening the Bank in terms of Bank”. operations and information technology in order to actualize the long-term objective of the Bank which is to become a “Payment & Transaction Bank”.

Direksi mengucapkan selamat datang dan berharap dengan All members of the Board of Directors welcomes Mr. Soetjijo kehadiran Bapak Soejanto Soetjijo dan Bapak Frenky Tirtowijoyo and Mr. Susilo. With this addition, we are optimistic that the Susilo, Perseroan optimis dapat semakin berkembang pada Company will grow more positively in the future. masa mendatang.

Prospek Usaha Business Outlooks Peranan perbankan sangat penting dalam menunjang kegiatan Banking industry plays an important role in supporting the dan pertumbuhan perekonomian baik lokal, regional maupun growth and activities of both national and global economy. The global. Tuntutan dinamika perbankan untuk meningkatkan fact that a staggering amount of people still have no access to pelayanan disebabkan masih banyaknya masyarakat Indonesia banking service (unbankable people) even in this modern era, yang belum tersentuh oleh jasa layanan perbankan (unbankable encourages the Bank to improve and continue innovating in people). Hasil survei World Bank pada tahun 2010 mencatat its services and products. According to the survey conducted terdapat sekitar 47% dari total masyarakat Indonesia yang by World Bank in 2010, there were only 47% of the total of merupakan penabung di lembaga keuangan formal. Kondisi Indonesian people that used bank service and performed saving akses keuangan di Indonesia ini relatif lebih rendah bila transactions with formal banking institutions. This condition of dibandingkan dengan akses keuangan di negara lain di Asia, the counry is relatively lower compared with other financial seperti Singapura (95%), Korea (65%), Malaysia, Thailand dan access in Asian countries such as Singapore (95%), Korea Sri Lanka (masing - masing 60%). (65%), Malaysia (60%), Thailand (60%) and Sri Lanka (60%).

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Tingginya persentase unbankable people di Indonesia The high percentage of unbankable people in Indonesia poses menciptakan peluang tersendiri bagi Bank Sinarmas, yang its own opportunity for Bank Sinarmas, with office network memiliki jaringan kantor tersebar di seluruh Indonesia, untuk spread all across Indonesia, which is to participate in improving meningkatkan kesadaran masyarakat akan layanan dan jasa public awareness on banking products and services through perbankan melalui program-program edukasi masyarakat. public education program. Bank Sinarmas also participates Bank Sinarmas juga berpartisipasi dan mendukung penuh in and fully supports one of the programs from the Financial program Otoritas Jasa Keuangan (OJK) untuk memperluas Services Authority (OJK) namely Layanan Keuangan Tanpa akses masyarakat atas layanan keuangan melalui program Kantor Dalam Rangka Keuangan Inklusif (LAKU PANDAI) or Layanan Keuangan Tanpa Kantor Dalam Rangka Keuangan Branchless Financial Services in the Framework of Inclusive Inklusif (LAKU PANDAI). Finance. This programs aims to expand public access over financial service in Indonesia.

Ke depannya, untuk menghadapi persaingan industri perbankan Hence, in the future, as an effort to overcome the challenges di Indonesia, perlu adanya sebuah transformasi ke dalam of banking industry in Indonesia, transformation into a more sebuah sistem yang berkelanjutan. Dengan mengoptimalkan sustainable system Is needed. By optimizing the Company’s jaringan yang sudah terjalin di 382 kantor yang tersebar di network over 382 established branch offices spread over 34 34 provinsi di Indonesia, kami mengharapkan Bank Sinarmas provinces in Indonesia, we expect to be able to change our dapat menjadi Payment and Transaction Bank dan di saat status to be a Payment and Transaction Bank and at the same bersamaan mensukseskan program OJK dan Pemerintah untuk time shall be able to provide help in succeeding the program meningkatkan financial inclusion di Indonesia. of OJK and government to improve financial inclusion in the country.

Untuk menggapai cita-cita ini, Perseroan telah mempersiapkan To accomplish this vision, the Company has ben preparing itself diri dengan terus meningkatkan pelayanan kepada nasabah, by continuously improving service quality to the customers, such antara lain layanan 24 jam tarik tunai di ATM mana saja as by providing 24-hour ATM services in almost all locations in seluruh Indonesia, layanan satu kartu yang terintegrasi dengan Indonesia, providing one transaction card that is integrated into seluruh master payment, bekerja sama dengan Payment Point all master payment service, cooperating with Payment Point Online Bank (PPOB), meningkatkan engagement dengan SiMas Onlne Bank (PPOB) in the country, and optimizing e-banking Community, memaksimalkan layanan e-banking­ serta mobile service as well as mobile banking (SiMobi and SiMobi Plus) banking SiMobi dan SiMobi Plus melalui mobile phone dengan service through mobile phones that may provide quick, safe cepat, nyaman, dan aman. and comfortable transaction activities.

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1 2 3 4 5 6 7 8

1. Soejanto Soetjijo 2. Halim 3. Salis Teguh Hartono Direktur Retail Banking Direktur Liabilitas dan Bisnis Direktur Kepatuhan Retail Banking Director Liabilities & Business Director Compliance Director

4. Freenyan Liwang 5. Loa Johnny Mailoa 6. Frenky T. Susilo Direktur Utama Direktur Enterprise Banking Direktur Operasional dan Teknologi Informatika President Director Director of Enterprise Banking Operational & Information Technology Director

7. Hanafi Himawan 8. Heru Agus Wuryanto Direktur Risk Management dan Human Capital Direktur Unit Usaha Syariah Risk Management and Human Capital Director Director of Sharia Business Unit

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Penutup Closing Sebagai penutup, atas nama Direksi Bank, kami menyampaikan The Board of Directors would like to extend our gratitude and rasa terima kasih dan penghargaan kepada para pemangku appreciation to the stakeholders for the trusts, and to the kepentingan atas kepercayaan dan dukungan yang telah customers as well as business partners for the cooperation diberikan kepada kami, kepada Dewan Komisaris yang and support given to us in 2014. We would also like to thank senantiasa memberikan pengarahan dan bimbingan, serta the Board of Commissioners for the directions, advice and para pelanggan dan mitra usaha Perseroan atas kerja sama recomendations given to the management during the year. dan dukungannya. Kepada seluruh karyawan atas kerja keras, Our utmost appreciation is extended to the employees for dedikasi, dan kontribusinya kepada Perseroan sehingga pada their hard work, dedication and contribution to the Bank so tahun 2014 ini dapat meraih kinerja yang positif. Kami semakin that we were able to perform satisfactorily and record another optimis bahwa berbagai usaha yang telah kita rangkai bersama positive achievement throughout the year. We are optimistic ini akan dapat meningkatkan kemampuan Perseroan dalam that with the sustainable partnership built upon trusts and hard mengantisipasi tantangan di masa yang akan datang. work, Bank Sinarmas will be able to achieve higher business performance and triumph over all challenges in the future.

Jakarta, 24 April 2015 / April 24, 2015 Atas nama Direksi / On behalf of the Board of Directors,

Freenyan Liwang Direktur Utama / President Director

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Profil Perusahaan Company Profile

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Identitas Perusahaan Corporate Identity

Nama Perusahaan / Company’s Name : PT. Bank Sinarmas Tbk.

Tanggal Pendirian 18 Agustus 1989 / August 18, 1989 Date of Establishment Bidang Usaha Perbankan / Banking Business Line of Business Alamat Sinar Mas Land Plaza Tower I, 1st & 2nd Floor Address Jl. MH. Thamrin No. 51, Jakarta 10350 Telepon (021) 31990101 Phone Faksimili (021) 31990401 Facsimile Website www.banksinarmas.com Email [email protected] Kode Saham BSIM Ticker Code Swift Code SBJKIDJA Telex 67171 SHINPS IA I-Telex 867171 Status Bank Bank Devisa / Foreign Exchange Bank Bank Status Modal Dasar Rp2.000.000.000.000 (per Desember 2014 / as of December 2014) Authorized Capital Modal Ditempatkan dan Disetor Penuh Rp1.404.016.834.900 (per Desember 2014 / as of December 2014) Issued and Fully Paid-in Capital Didirikan pada 1989 berdasarkan Akta no. 52 tanggal 18 Agustus 1989 yang dibuat di hadapan Buniarti Tjandra, SH., Notaris di Jakarta, yang telah diumumkan dalam Berita Negara Republik Indonesia tertanggal 21 Oktober 1989 Nomor 1506/1989. Diubah dengan Akta No. 31 Tanggal 6 April 2010 yang dibuat dihadapan Aulia Thaufani, SH Pengganti Sutjipto, SH, Notaris di Jakarta dan telah mendapat pengesahan dari Menteri Hukum dan Hak Asasi Manusia No.AHU-22745.AH.01.01 Tahun 2010 tanggal 4 Mei 2010 sebagaimana diubah terakhir melalui Akta No.148 tanggal 25 Agustus 2010 dibuat dihadapan Aulia Thaufani, SH Pengganti Sutjipto, SH, Notaris di Jakarta dan telah mendapat Penerimaan Pemberitahuan Perubahan dari Kementerian Hukum dan Hak Asasi Manusia No. AHU-AH.01.10-23976 tanggal 22 September 2010. Akta Pernyataan Keputusan Rapat No. 71 tertanggal 23 Desember 2011 yang dibuat dihadapan Andalia Farida, SH, Notaris di Jakarta yang telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Nomor: AHU-AH.01.10-10748 tertanggal 28 Maret 2012; Akta Pernyataan Keputusan Rapat No. 32 tertanggal 10 Juni 2013 yang dibuat oleh Aryanti Artisari, S.H., M.Kn., Notaris di Jakarta yang telah mendapat persetujuan dari dari Menteri Hukum dan Hak Asasi Manusia Nomor: AHU-AH.01.10-50668 tertanggal 25 November 2013; Akta Pernyataan Keputusan Rapat No.46 tertanggal 13 Juni 2014 yang dibuat oleh Aryanti Artisari, S.H.,M.Kn., Notaris di Jakarta yang telah mendapat persetujuan dari Menteri Hukum dan Hak Asasi Manusia Nomor: AHU-18386.40.22.2014 tertanggal 8 Juli 2014;sebagaimana diubah dalam Akta No. 81 tentang Berita Acara Rapat tertanggal 24 Maret 2015 yang dibuat oleh Aryanti Artisari, S.H.,M.Kn., Notaris di Jakarta. Akta Perusahaan Deed of the Company Deed of Meeting’s Resolution No. 71 dated December 23, 2011, prepared and presented before Andalia Farida, SH, Notary in Jakarta, which have obtianed approval from the Minister of Justive and Human Rights Number: AHU-AH.01.10-10748 dated MArch 28, 2012; Deed of Meeting’s Resoultion No. 32 dated June 10, 2013, prepared and presented before Aryanti Artisari S.H., M.Kn., Notary in Jakarta, which have obtained approval from the Minister of Justice and Human Rights Number: AHU-AH.01.10-50668 dated November 25, 2013; Deed oF Meeting’s Resolution No. 46 dated June 13, 2014, prepared and presented before Aryanti Artisari,S.H.,M. Kn., Notary in Jakarta, which have gained approval from the Minister of Justice and Human Rights Number: AHU-18386.40.22.2014 dated July 8, 2014; as amended on the Deed No. 81 on the Minutes of Meeting dated March 24, 2015, prepared and presented before Aryanti Artisari, S.H.,M.Kn., Notary in Jakarta. Established in 1989 pursuant to the Deed no. 52 dated August 18, 1989, prepared and presented before Buniarti Tjandra, SH., Notary in Jakarta, and had been informed of the State Gazette of the Republic of Indonesia on October 21, 1989, Number 1506/1989. Amended with the Deed No. 31 Dated April 6, 2010, prepared and presented before Aulia Thaufani SH, replacement of Sutjipto, SH, Notary in Jakarta and had gained approval from the Minister of Justice and Human Rights No.AHU-22745.AH.01.01 Year 2010 dated May 4, 2010, as recently amended through the Deed No.148 dated August 25, 2010, prepared and presented before Aulia Thaufani SH, replacement of Sutjipto, SH, Notary in Jakarta and had received Approval for Change from the Ministry of Justice and Human Rights No. AHU-AH.01.10-23976 dated September 22,2010.

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Identitas Perusahaan Corporate Identity

Bank Sinarmas berkomitmen untuk senantiasa memperluas pangsa pasar di tengah tantangan global yang penuh dengan ketidakpastian.

Bank Sinarmas is committed to always expanding its market share amid the dynamics and fluctuation of global challenges.

Pada 2005, PT. Sinar Mas Multiartha Tbk yang In 2005, PT. Sinarmas Multi Artha Tbk which is a group of merupakan kelompok Financial Services di bawah Kelompok Financial Services under Sinar Mas Business Group acquired PT. Usaha Sinar Mas mengambil alih PT. Bank Shinta Indonesia. PT. Bank Shinta Indonesia. Thus, PT. Bank Shinta Indonesia which Bank Shinta Indonesia yang didirikan pada 1989 mengalami was established in 1989 changed its name to Bank Sinarmas in perubahan nama menjadi Bank Sinarmas pada Desember December 2006. In its development, Bank Sinarmas expanded 2006. Bank Sinarmas melakukan pengembangan bisnis dengan its business by opening the first branch office in Bandung. membuka kantor cabang pertama di Bandung. Pada 2007, As of 2007, the Bank owned 40 new branch offices and 88 Perseroan telah memiliki 40 kantor cabang baru serta 88 unit Automatic Teller Machine (ATM) units spread across Indonesia. ATM di seluruh Indonesia.

Pada 13 Desember 2010, Bank Sinarmas memeroleh pernyataan On December 13, 2010, Bank Sinarmas obtained an effective efektif dari Badan Pengawas Pasar Modal dan Lembaga statement from the Capital Market Supervisory Agency and Keuangan (Bapepam-LK, fungsinya sekarang dialihkan ke Financial Institutions (Bapepam-LK; since January 2013 its Otoritas Jasa Keuangan - OJK, sejak Januari 2013) untuk functions had been transferred to Financial Services Authority/ melakukan Penawaran Saham Umum Perdana (Initial Public OJK) to execute an Initial Public Offering (IPO). Hence, Bank Offering/IPO). Bank Sinarmas memberikan kesempatan kepada Sinarmas offered an opportunity for the public to purchase the masyarakat untuk memiliki saham-saham yang sebelumnya shares of the Bank which were previously independently owned dimiliki dan dikelola oleh perusahaan. Perseroan mencatatkan and managed by the Bank. The Company listed its shares on saham perdana di Bursa Efek Indonesia dengan meningkatkan Indonesia Stock Exchange (IDX) with an increase in capital struktur permodalan sebesar Rp160 miliar dari sebelumnya structure of Rp160 billion, from Rp568 billion to Rp728 billion. Rp568 miliar menjadi Rp728 miliar.

Minat masyarakat untuk menanamkan sahamnya di Bank Society’s interest to invest in Bank Sinarmas continued to grow Sinarmas semakin meningkat setiap tahunnya. Hal ini didorong due to the progress of the Bank over the year. Total assets of oleh pertumbuhan usaha yang semakin maju. Pencapaian the Bank as of December 2010 reached Rp11.2 trillion while

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total aset pada akhir Desember 2010 sebesar Rp11,2 triliun the Bank’s branches grew up to 1100 offices spread over the dan bertambahnya kantor cabang Perusahaan menjadi country. These improvement certainly attracted the interest of 110 lokasi di seluruh Indonesia menjadi daya tarik tarik the public to continue investing with and owning the shares of masyarakat untuk menanamkan saham di Bank Sinarmas. the Bank. In an effort to fulfill the regulation of OJK regarding Dalam rangka memenuhi ketentuan OJK dalam keterbukaan information transparency, Bank Sinarmas utilizes real time on- informasi, Bank Sinarmas menggunakan sistem real time on- line system in its banking information technology. line dalam teknologi informasi perbankannya.

Bank Sinarmas berkomitmen untuk senantiasa memperluas Bank Sinarmas is committed to always expanding its market pangsa pasar di tengah tantangan global yang penuh dengan share amid the dynamics and fluctuation of global challenges. ketidakpastian. Usaha dan inisiatif untuk memperluas pangsa Business and initiatives of the Bank to develop its market share pasar sangat diperlukan guna memenuhi segala kebutuhan are required to fulfill the needs of customers and the public in nasabah dan masyarakat Indonesia. Kegiatan usaha yang general. The Bank’s business lines which initially engaged in the semula hanya pada pasar pembiayaan usaha kecil, menengah financing of micro, small and medium enterprises expanded to dan mikro, kini tumbuh dan berkembang menjadi usaha the business of consumers and commercial financing. pembiayaan konsumen dan komersial.

Penggunaaan teknologi informasi di industri perbankan The use of information technology in banking industry dipastikan akan semakin maju seiring perkembangan will positively advance banking industry in line with the teknologi informasi itu sendiri. Oleh karena itu, Bank Sinarmas development of information technology itself. Hence, Bank memberikan fasilitas teknologi perbankan terintegrasi yang Sinarmas provided an integrated banking technology facility tidak terbatas ruang dan waktu yakni Telephone Banking, that is unlimited in terms of space and time, namely Telephone Internet Banking, dan Automatic Teller Machine (ATM). Dengan Banking, Internet Banking, and Automatic Teller Machine berkembangnya teknologi dari waktu ke waktu, Bank Sinarmas (ATM). In accordance with the development of technology senantiasa mengembangkan dan meningkatkan kualitas di over the years, Bank Sinarmas also constantly developed and bidang teknologi informasi. improved its information technology system quality.

Memberikan layanan yang terbaik dan selalu menjaga We are committed to always providing the best services and kepercayaan yang diberikan para nasabah menjadi komitmen maintaining customer’s trusts in all of our business activities. yang selalu kami jaga dengan baik. Semua staf dan manajemen Every staff and management of Bank Sinarmas is in alignment Bank Sinarmas memiliki kesamaan visi, misi dan komitmen with the Bank’s vision, mission and commitment to be the best untuk menjadi mitra terbaik untuk perusahaan. business partners for companies.

Tepat pada 18 Agustus 2014, Bank Sinarmas memasuki tahun Exactly on August 18, 2014, Bank Sinarmas celebrated its perak: 25 tahun melayani Indonesia. Dengan komitmen yang silver jubilee of servicing Indonesia for 25 years in terms of tinggi dari jajaran manajemen dan seluruh karyawan, Perseroan banking business. With full commitment of all management mampu bertahan di tengah persaingan bisnis yang sangat levels and employees, the Company will be able to maintain its ketat. Melalui slogan “Solusi Perbankan Anda”, Serve and performance amid the tight business competition. Through our Respect, dan We Always Care, kami senantiasa melayani dan motto of “Solusi Perbankan Anda” (“Your Banking Solution”), memenuhi kebutuhan nasabah dengan senang hati. Kami akan Serve and Respect, and We Always Care, we shall continuously terus berinovasi demi memenuhi kebutuhan masyarakat. serve and fulfill the needs of our customers as well as providing innovations of our products and services with pleasure.

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Visi dan Misi Vision and Mission Menjadi Bank terkemuka di “ Indonesia dengan jaringan distribusi yang terintegrasi dan Visi layanan yang prima.

To become the leading bank with Vision “ complete distribution network and excellent services

1. Memperluas jaringan kantor 1. Expanding the branch network untuk penetrasi pasar dan to penetrate the market and pembiayaan pada sentra-sentra funding at the centers of konsumer, UKM dan sektor the SME and corporate scale Misi usaha skala korporasi. business sector. 2. Memperluas basis nasabah, 2. Expanding the customer base, mulai dari nasabah kecil hingga ranging from small to corporate Mission korporasi, melalui kerja sama customers, through cooperation dengan lembaga keuangan with financial institutions and maupun mitra usaha lainnya. other business partners. 3. Meningkatkan kemampuan 3. Improving the ability of Teknologi Informasi dan Sumber Information Technology and Daya Manusia dalam rangka Human Resources in order to memberikan layanan terbaik provide the best service through melalui payment system yang complete payment system. lengkap. 4. Membudayakan sistem 4. Civilize Risk Management Manajemen Risiko sesuai system in accordance with the dengan prinsip kehati- principles of prudence and good hatian dan Good Corporate corporate governance. Government (GCG).

Dewan Komisaris beserta Direksi telah bersama-sama The Board of Commissioners and Board of Directors have membahas, mengkaji dan menyetujui Visi dan Misi secara discussed, reviewd and approved the Vision and Mission of mendalam dan telah berkomitmen dalam melaksanakan hal the Bank and have committed to impelmenting the vision and tersebut guna menghadapi dinamika bisnis perbankan yang mission to face the dynamics of banking industry. selalu berubah.

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Bidang Usaha Business Lines

Bank Sinarmas terus berkembang dan senantiasa melakukan Bank Sinarmas continues to develop and conduct innovation pembaruan dan terobosan demi memberikan pelayanan yang and breakthrough in order to provide optimum service to the maksimal kepada nasabah. Sebagai wujud atas kepercayaan customers. As a form of this commitment, Bank Sinarmas tersebut, Bank Sinarmas terus berdedikasi bagi masyarakat dedicates itself to the welfare of society by launching new dengan mengeluarkan produk-produk inovatif yang dapat products and innovations with high quality and of international dinikmati oleh masyarakat setia perbankan, melalui produk- standards for all banking stakeholders in the country. produk berkualitas, bermutu dan bertaraf internasional.

Dalam menjalankan usahanya, Perseroan menghimpun In conducting its business, the Company collects fund from the dana masyarakat yang kemudian disalurkan dalam bentuk public to be distributed in the form of loans to both individuals pemberian kredit kepada perorangan maupun korporasi. and corporations. In addition, the Company also conducts Selain itu, Perseroan juga melaksanakan transaksi antar interbank transaction activities and other investment activities bank serta kegiatan-kegiatan investasi melalui penempatan through placements of fund on various safe and beneficial pada instrumen-instrumen yang aman dan menguntungkan. instruments. Based on the Articles of Association of the Berdasarkan Anggaran Dasar Perusahaan, secara garis besar Company, Bank Sinarmas business activities are categorized as kegiatan usaha Perseroan dapat dikelompokkan sebagai follows: berikut:

1. Kegiatan Perkreditan 1. Credit (lending) Activities Sesuai dengan bisnis inti (core business) yang dimiliki In accordance with the core business of the Company, credit oleh Perseroan, fokus kegiatan usaha pemberian kredit activities that become the main focus of the Company is yang dilakukan oleh Perseroan berupa pemberian kredit credit provision for corporations and credit provision for korporasi dan pemberian kredit non korporasi (kredit non-corporations (retail credit). In an effort to improve retail). Dalam rangka meningkatkan komposisi kredit marginal credit composition (high yield), the Company also dengan marjin (high yield), maka Perseroan juga akan develops its non-corporation credit portfolio in retail credit meningkatkan portofolio kredit non korporasi yang lebih segment, either directly or through other institutions such besar di segmen kredit retail, baik secara langsung maupun as financial institutions (BPR), cooperatives and multifinance melalui lembaga-lembaga lain yaitu lembaga keuangan companies with channeling financing method. BPR), koperasi serta perusahaan pembiayaan (multifinance) dengan pola pembiayaan secara channeling.

Adapun fasilitas-fasilitas kredit yang ditawarkan oleh Credit facilities offered by the Company to the customers Perseroan kepada nasabah perusahaan, meliputi fasilitas cover the short-term and long-term (investment) working kredit modal kerja jangka pendek dan kredit jangka capital loans, back to back loan, syndicate loans/club deal, panjang atau investasi, kredit back to back, kredit sindikasi/ and non-cash loan facilities such as bank guarantee and club deal serta fasilitas non cash loan seperti bank garansi Letters of Credit. dan Letters of Credit.

Target utama penyaluran kredit Perseroan adalah nasabah The main target of loan disbursement of the Company potensial yang berorientasi ekspor atau industri lain is customers engaged in the exporting business or other yang sedang mengembangkan bisnis baru di wilayah industries that currently expanding new business in kantong-kantong bisnis yang potensial. Pemberian kredit potential sectors. Loan disbursement is focused on the difokuskan pada sektor perdagangan, perkebunan kelapa sectors of trading, oil palm plantations, mining and energy,

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sawit, pertambangan dan energi, telekomunikasi serta telecommunication and transportation that are related to transportasi yang terkait dengan pemasok, kontraktor the suppliers, contractors, and subcontractors that support dan subkontraktor yang mendukung nasabah korporasi. the corporate customers. Moreover, the Company also Selain itu, Perseroan memfokuskan ekspansi kredit kepada focuses it loan expansion to the customers of high yield. nasabah yang memberikan timbal hasil tinggi (high yield).

Berikut tabel kredit yang diberikan berdasarkan sektor The following table shows loan disbursed based on economy ekonomi. sector.

No Keterangan / Description 2012 2013 2014

1 Rumah tangga / Household 2.792.192 2.775.058 3.301.612 2 Perdagangan besar dan eceran / Wholesalers and retail 1.878.906 2.193.249 3.140.302 3 Perantara keuangan / Financial intermediary 770.428 885.485 1.549.650 Real estate, usaha persewaan, dan jasa perusahaan / Real estate, 4 553.992 1.014.499 982.577 leasing business, and company service 5 Industri pengolahan / Manufacturing 1.753.800 1.301.116 1.847.314 6 Pertambangan dan penggalian / Mining and excavation 507.234 698.638 419.615 Transportasi, pergudangan, dan komunikasi / Transportation, 7 281.263 325.244 395.499 warehousing, and communication Jasa kemasyarakatan, sosial budaya, hiburan, dan jasa perorangan 8 lainnya / Social service, social culture, entertatainment and other 253.794 419.045 552.437 individual services 9 Konstruksi / Construction 262.589 256.393 835.785 Penyediaan akomodasi dan penyediaan makan minum / 10 141.996 51.816 77.469 Accommodation and food & beverage supply Pertanian, perburuan, dan kehutanan / Agriculture, hunting, and 11 56.397 267.392 603.477 forestry 12 Listrik, air, dan gas / Electricity, water, and gas 37.328 19.813 3 13 Jasa pendidikan / Educational services 63.069 28.286 18.373 14 Perikanan / Fishery 11.005 16.023 15.264 15 Jasa kesehatan dan kegiatan sosial / Health service and social activities 2.605 881 813 Jasa perorangan yang melayani rumah tangga / individual services for 16 - 120 229 households 17 Lain-lain / Others 1.019.486 713.013 558.016 TOTAL 10.386.084 10.966.071 14.298.435

Untuk kredit modal kerja jangka pendek, Perseroan For short-term working capital loans, the Company provides memberikan kredit terutama untuk kebutuhan biaya credit mainly for the operational costs of the customers. The operasional nasabah. Perseroan memberikan kredit dalam Company provided credit in the currency of Rupiah and US mata uang Rupiah dan Dollar Amerika Serikat dengan Dollar with the period of 1 (one) year. This facility can be jangka waktu 1 (satu) tahun dan pemberian fasilitas extended based on the agreement of both parties. Floating tersebut dapat diperpanjang berdasarkan persetujuan interest rate applies to this type of credit. dari kedua belah pihak. Jenis kredit ini umumnya memiliki tingkat suku bunga mengambang.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Berikut tabel kredit yang diberikan berdasarkan sisa umur The following table shows loans distributed based on jatuh tempo. maturity period. Keterangan 2012 2013 2014 No Description O/S % O/S % O/S %

1 < 1 tahun / < 1 year 5.131.105 49,40 4.885.034 44,55 6.598.872 46,15 2 > 1 - 2 tahun / > 1 - 2 years 2.009.219 19,35 1.869.105 17,04 2.753.796 19,26 3 > 2 - 5 tahun / > 2 - 5 years 2.986.859 28,76 3.744.211 34,14 3.786.847 26,48 4 > 5 tahun / > 5 years 258.901 2,49 467.721 4,27 1.158.920 8,11 TOTAL 10.386.084 100 10.966.071 100 14.298.435 100

Untuk kredit jangka panjang, Perseroan menyediakan In terms long-term credit, the Company provided credit kredit untuk pembelanjaan barang modal dan pembiayaan for the purchase of capital goods and project financing. proyek, Kredit jangka panjang ini diberikan dalam mata This facility is offered in the currency of Rupiah and US uang Rupiah dan Dollar Amerika Serikat, dan umumnya Dollar with the period between 3 (three) to 7 (seven) years. berjangka waktu antara 3 (tiga) sampai 7 (tujuh) tahun Furthermore, the Bank offered more competitive floating serta memiliki tingkat suku bunga mengambang pada interest rates for this facility compared with other banks in tingkat yang kompetitif dibandingkan bank lainnya di the country. Indonesia.

Berikut adalah tabel yang menggambarkan The following table describes credit distributed by the kredit yang diberikan Perseroan berdasarkan jenis Company based on types of usage. penggunaan: Keterangan 2012 2013 2014 No Description O/S % O/S % O/S %

1 Modal kerja / Working capital 5.084.564 48,96 5.757.863 52,51 8.276.693 57,89 2 Investasi / investment 1.504.058 14,48 1.755.573 16,01 2.705.890 18,92 3 Konsumsi / consumption 3.797.462 36,56 3.452.637 31,48 3.315.852 23,19 Total 10.386.084 100 10.966.073 100 14.298.435 100

Dalam memberikan kredit, Perseroan memiliki skema In providing credit, the Company established a scheme for proses persetujuan atas kredit yang diberikan, alurnya credit approval process as follows: sebagai berikut:

48 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Nasabah Account Officer Credit Processing Komite Kredit Customer

1 • Kelengkapan 2 Pengajuan/permohonan data/dokumen / fasilitas kredit / Proposal / Data /document • BI Checking application for credit completeness • Survey and • Wawancara dan appraisal kunjungan / Interview and visits

Analisa kelayakan/ persiapan proposal kredit / Feasibility analysis / 3 preparation of credit proposal Penentuan keputusan / 4 Pengerjaan proposal kredit / Submission of credit proposal Decision Analisa kelayakan/ 6 persiapan proposal kredit Pembuatan offering letter Apabila Proposal Kredit disetujui / / Feasibility analysis / / Drafting of Offering 5 preparation of credit Letter If the credit proposal is approved proposal

Persiapan perjanjian kredit 7 / Preparation of Loan agreement Penandatangan Perjanjian Kredit / Signing of Loan 8 Agreement

Proses pengajuan kredit dimulai dengan pengumpulan Credit proposal process begins with data collection, data, verifikasi, analisa data keuangan, penilaian risiko, verification, financial data analysis, risk valuation, guarantee penilaian jaminan, pembuatan proyeksi keuangan, valuation, drafting of financial projection determination of menentukan kebutuhan kredit sampai pada proses credit requirements and credit approval process. persetujuan kredit.

Berikut daftar kegiatan perkreditan Bank Sinarmas: The following table explains the loan products and services Produk of Bank Sinarmas.Penjelasan No Product Description

Fasilitas kredit yang diberikan Bank Sinarmas untuk membeli mobil baru atau second Kredit kepemilikan mobil / Car dengan suku bunga yang rendah, cepat dan mudah. 1 ownership loan (KPM) A loan facility granted by Bank Sinarmas to purchase new or secondhand vehicles in low, quick and easy interest rate. Fasilitas kredit yang diberikan Bank Sinarmas untuk memperkuat kegiatan usaha, baik dalam bentuk modal maupun pinjaman investasi. Pinjaman ini dapat digunakan untuk Kredit Modal Kerja / Working pendanaan pembelian barang, piutang dagang, atau kebutuhan modal kerja lainnya. 2 Capital Loan A loan facility granted by Bank Sinarmas to accelerate business activities, available in capital aid or investment loans. The loan could be used as goods purchase financing, account receivables, or other working capital needs.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Produk Penjelasan No Product Description

Bentuk dukungan Bank Sinarmas kepada nasabah dalam menjalankan bisnis kecil, menengah, dan korporasi. Melalui kredit investasi ini, korporasi dengan mudah dan cepat dalam mendapatkan sumber dana untuk diversifikasi maupun intensifikasi core Kredit Investasi / Investment business maupun secondary business mereka. 3 Loan A form of support from Bank Sinarmas to its customers in running their small and medium business as well as corporations. Through this investment loan product, corporations can easily and quickly obtain new sources of fund to do diversification and intensification of their core and secondary businesses. Kredit atau pembiayaan dari Bank Sinarmas untuk investasi dan/atau modal kerja, yang diberikan dalam Rupiah dan/atau valuta asing kepada nasabah usaha kecil untuk Kredit Usaha Kecil / Small membiayai usaha yang produktif. 4 Business Loan A loan or financing product from Bank Sinarmas for investment and/or working capital, given in Rupiah and/or foreign currencies to small business customers in financing a productive business. Pemberian fasilitas kredit dari Bank Sinarmas ke consumer yang digunakan untuk pembelian barang berupa rumah/kendaraan yang digunakan secara langsung oleh Kredit Konsumsi / 5 konsumen. Consumption loan A loan facility given from Bank Sinarmas to the consumers which is used to purchase material goods such as houses/vehicles that are used directly by the consumers. Salah satu produk Bank Sinarmas dalam bentuk pemberian fasilitas pinjaman tanpa Kredit Tanpa Agunan (KTA) / adanya suatu aset yang dijadikan jaminan atas pinjaman tersebut. 6 Non-Guarantee Loan One of the products of Bank Sinarmas in the form of loan facility grant, without guaranteed assets as requirements upon the loans.

2. Kegiatan Penghimpunan Dana 2. Fund Depository Activities Kegiatan pendanaan ini merupakan kegiatan This activity is intended to improve Third Party Funds and penghimpunan dana masyarakat serta meningkatkan Bank’s liquidity as well as expanding market share and market share dan jumlah nasabah melalui produk-produk total customers of the Company. this financing activity is yang dimiliki oleh Bank Sinarmas, yang meliputi produk conducted in the form of fund collection from the public Giro, Tabungan dan Deposito. through the products of Bank Sinarmas, encompassing saving accounts, current accounts and time deposits.

Berikut tabel komposisi dari kegiatan penghimpunan dana The following table shows the composition of fund yang dilakukan oleh Perseroan. depository activities conducted by the Company. Keterangan 2012 2013 2014 No Description O/S % O/S % O/S %

1 Giro / Current Accounts 3.151.996 24,51 3.772.352 27,30 3.189.731 18,82 2 Tabungan / Saving Accounts 4.148.957 32,26 5.236.420 37,89 5.247.615 30,97 3 Deposito Berjangka / Time Deposits 5.559.761 43,23 4.810.289 34,81 8.508.885 50,21 Jumlah / Total 12.860.714 100 13.819.061 100 16.946.231 100

Produk-produk tersebut akan dipasarkan melalui para The products are marketed through the functions of Bank tenaga pemasaran yang merupakan karyawan bank yang employees who have obtained adequate trainings regarding telah mendapatkan pelatihan mengenai pengetahuan product knowledge and marketing skills. Furthermore, the produk dan teknik pemasaran yang memadai. Di samping Company also conducted sales of saving products through itu, Perseroan juga melakukan penjualan produk tabungan channel agencies spread over all of the Company’s business melalui channel agency yang tersebar di seluruh area networks. jaringan kantor Perseroan.

50 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Produk-produk kegiatan penghimpunan dana yang dimiliki Products of this facility are as follows: Perseroan adalah sebagai berikut: Produk Penjelasan No Product Description

Tabungan perorangan dalam mata uang Rupiah yang dapat ditarik sewaktu-waktu dengan kemudahan transaksi dan bunga yang kompetitif. 1 Tabungan Sinarmas An individual saving account in the currency of Rupiah that can be withdrawn at any given time with various transactional facilities and competitive interest rates. Tabungan perorangan dalam mata uang Rupiah yang dapat ditarik sewaktu-waktu dengan persyaratan yang mudah dan bebas biaya administrasi guna meningkatkan budaya menabung serta kesejahteraan masyarakat. 2 Tabunganku An individual saving account in the currency of Rupiah that can be withdrawn at any given time with easy requirements and free of administrative charges. This product is intended to improve the habit of savings as well as the society’s welfare. Tabungan perorangan dalam mata uang Rupiah yang dapat ditarik sewaktu-waktu dengan kemudahan transaksi dan bunga premium sehingga memberikan hasil investasi maksimal. 3 Simas Gold An individual saving account in the currency of Rupiah that can be withdrawn at any given time with various transactional facilities and premium interest rates which ultimately will provide maximum investment results. Tabungan perorangan dalam mata uang valuta asing yang dapat ditarik sewaktu-waktu dengan bunga yang kompetitif. Simas Valas tersedia dalam mata uang USD, SGD AUD, EUR, dan CNY. 4 Simas Valas An individual saving account in foreign currency that can be withdrawn at any given time with competitive interest rates. Simas Valas is available in these currencies: USD, SGD AUD, EUR, and CNY. Tabungan perorangan dengan setoran rutin bulanan dalam periode jangka waktu Simas Tabungan Rencana tertentu dalam rangka mempersiapkan rencana keuangan nasabah. 5 (Simas TARA) An individual savins account with routine monthly deposits in a certain period of time, in an effort to prepare the customer’s financial plan. Rekening simpanan yang memberikan fasilitas kemudahan dan kenyamanan transaksi keuangan nasabah perorangan atau perusahaan. 6 Giro Sinarmas A saving account that provides the customers, either individual customers of corporate customers with various facilities and comforts for their financial transaction activities. Rekening simpanan perorangan atau perusahaan dalam periode waktu tertentu dengan tingkat suku bunga menarik dan tersedia dalam berbagai mata uang. 7 Deposito Berjangka Individual or corporate savings account within a certain period of time with attractive interest rates. This product is available in various currencies. Rekening simpanan perorangan atau perusahaan dalam periode waktu tertentu (di Deposito On Call / On Call bawah 1 bulan) dengan tingkat suku bunga menarik dan tersedia dalam berbagai mata 8 uang. Deposits Individual or corporate savings account within a certain period of time (under 1 month) with attractive interest rates. This product is available in various currencies.

Produk-produk tersebut dipasarkan melalui para tenaga the products are marketed by utilizing the marketing pemasar yang merupakan karyawan Perseroan yang telah department whose employees have been given trainings on mendapatkan pelatihan mengenai pengetahuan produk product knowledge and marketing technique. in adition, the dan pemasaran yang memadai. Di samping itu, Perseroan Company also sells its savings products through its ageny juga melakukan penjualan produk tabungan melalui channels spread over all office network of the Company. channel agency yang tersebar di seluruh area jaringan kantor Perseroan.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 51 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

3. Layanan Perbankan dan Produk E-Banking 3. Banking Service and E-Banking Product Layanan perbankan dan produk E-Banking yang dimiliki The Company currently has diversified banking services and Perseroan saat ini sudah sangat beragam, hal ini E-Banking products which aims to provide comfort and bertujuan untuk memberikan kenyamanan dan memenuhi fulfill banking transaction needs of all customers. kebutuhan transaksi perbankan dari para nasabah.

Layanan perbankan Perseroan meliputi: The Comapany’s banking services include: Produk Penjelasan No Product Description

Layanan penyewaan kotak SDB yang tersedia dalam beragam ukuran dan menjadi pilihan yang tepat untuk menyimpan benda berharga atau dokumen penting dalam jangka 1 Safe Deposit Box panjang tertentu di Bank. A rental safe deposit box service which is available in various sizes, and a perfect choice to keep valuable things and documents with custom time period in Bank. Dokumen atau surat berharga yang dapat digunakan sebagai alat pembayaran yang sah dan mempunyai nilai yang sama dengan uang tunai sebesar nilai yang tercantum pada 2 Travellers Cheque setiap Traveller Cheque. Documents or securities that can be used as legal payment method and possess the same value as cash money amounted to the value stated on each Traveller Cheque Layanan pembayaran bagi biller dengan menggunakan nomor pelanggan sebagai sarana pembayaran yang diberikan oleh Bank Sinarmas kepada nasabah Giro. 3 Virtual Account Sinarmas A payment service for biller through customers numbers as payment method given by Bank Sinarmas to giro customers. Layanan Bank Sinarmas yang memungkinkan nasabah untuk dapat melakukan pembayaran atau pembelian serta pelunasan melalui jaringan elektronik seperti ATM dan 4 Bill Payment atau Internet Banking. A service from Bank Sinarmas that enables customers to do payments or purchases and settlement through electronic networks such as ATM and/or Internet Banking. Penagihan utang dari kredit yang diberikan oleh bank. 5 Penagihan (Collection) Debt collection on loans from bank. Pelaksanaan pemberian jaminan dari bank atas permohonan nasabah untuk membayar sejumlah uang kepada pihak lain dengan persyaratan dan jangka waktu tertentu. 6 Bank Garansi Provision of guarantee from bank on the customers’ application to pay a certain amount of time to other party with certain requirement and period. Pelayanan ini memastikan transaksi berjalan dengan baik antar Importir dan Eksportir. 7 Sinarmas Export Import This service is provided to ensure that transactions of Import and Export run well. Layanan penagihan berbasis cash letter (under cash letter basis) atas warkat dalam mata uang rupiah maupun mata uang asing. 8 Cash Letter Services Billing service under cash letter basis on drafts in the currency of Rupiah or foreign currencies. Layanan bank untuk penagihan pembayaran atas surat atau dokumen berharga kepada pihak ketiga di tempat atau kota lain di dalam negeri. Surat atau dokumen berharga yang dapat diproses adalah wesel, cek bilyet giro, kuitansi, surat promes/aksep dan hadiah undian. 9 Inkaso A bank’s service for collection of payment over securities or other valuable documents to the third party in other place or cities in the country. Securities of valuable documents that can be processed with this service are money order, giro checks, receipts, promissory notes and prizes. Pengiriman uang dalam valuta asing antar bank dalam suatu negara maupun dengan Pengiriman Uang / Money bank di negara lain atas permintaan dan untuk kepentingan nasabah. 10 Delivery Transfer or delivery of money in foreign currency between banks within a country or with bank in other countries on the demands of as well as for the interests of the customers.

52 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Produk Penjelasan No Product Description

Loket Pembayaran / payment Layanan yang disediakan untuk pembayaran Pajak, Bea, Listrik dan Telepon. 11 Counter A service that is provided for the payment of Tax, Excise, Electricity and Telephone. Layanan bagi nasabah perorangan atau perusahaan untuk memudahkan dalam pembayaran gaji (payroll) perusahaan dengan menawarkan berbagai fasilitas 12 Payroll Services kemudahan. A service for individual or corporate customers to facilitate the wages payment (payroll) of a company through various facilities that provided ease of access.

Produk E-Banking Perseroan meliputi: The Company’s E-Banking Products include: Produk Penjelasan No Product Description

Layanan transaksi perbankan melalui jaringan internet yang dapat diakses kapan pun dan dimana pun untuk kemudahan transaksi dengan tingkat keamanan yang terjamin. 1 Internet banking A banking transaction service through wireless Internet network that can bee accessed rom anywhere and everywhere to facilitate transaction with guaranteed security level. Layanan transaksi perbankan berbasis jaringan internet nirkabel yang memberikan nasabah kemudahan, kenyamanan dan keamanan dalam melakukan transaksi perbankan seperti pembayaran berbagai tagihan, pembelian pulsa, transfer dana dan lain-lain melalui smartphone selama 24 jam sehari dan 7 hari seminggu. 2 Mobile Banking A banking transaction service utilizes wireless Internet network that provided the customers with ease, comfort, and safety in conducting banking transaction such as payment of bills, purchase of , transfer of funds and other transactions conducted through the use of smartphones 24 hours a day and 7 days a week. Bank Sinarmas menyediakan ratusan Anjungan Tunai Mandiri (ATM) yang tersebar di lokasi-lokasi strategis di seluruh Indonesia guna memenuhi kebutuhan nasabah dalam melakukan transaksi perbankan seperti penarikan tunai, pembayaran tagihan, pembelian pulsa, transfer dana dan lain-lain. 3 ATM Bank Sinarmas provided Automatic Teller Machines (ATMs) that are spread on the strategic locations across Indonesia in order to meet the needs of the customers in conducting various banking transactions such as cash withdrawal, billing payment, fund transfer, etc. Salah satu fasilitas layanan elektronik yang memudahkan nasabah dalam bertransaksi. Melalui fasilitas Phone Banking, nasabah dapat mengetahui seluruh informasi tentang seluruh produk dan jasa yang dimiliki Bank Sinarmas serta melakukan transaksi 4 Phone Banking perbankan kapan dan di mana pun dengan mudah dan cepat. One of electronic services to facilitate the customers in conducting banking transactions. Through Phone Banking facility, the customers will be able to obtain all information regarding the Bank’s products and services quickly in any place and time. Suatu layanan interaksi atau komunikasi antara Bank Sinarmas dan nasabahnya dalam rangka memberikan informasi produk atau jasa Bank Sinarmas, masukan dan saran untuk perbaikan, penyampaian pengaduan dan tindak lanjut penyelesaian pengaduan melalui media telepon nomor: 1500153 atau (021) 501 88888 dan email: care@ banksinarmas.com 5 Customer Care An interactive service that also functions as the media of communication between Bank Sinarmas and its customers in providing product and service information of the Bank, receiving inputs and advice for improvement, as well as in submitting complaints and managing the follow-up actions of the complaint. This service can be conducted by phone to the number of 1500153 or (021) 501 88888 and email to care@banksinarmas. com.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 53 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

4. Penjualan Produk Bancassurance & Investment 4. Bancassurance and Investment Product Product Dalam rangka meningkatkan perolehan Fee Based In order to increase fee-based income of the Bank and to Income untuk bank dan untuk memenuhi pilihan produk meet the customers’ demands for investment products, investasi bagi para nasabah, maka Perseroan aktif the Company actively markets its wealth management dalam memasarkan produk-produk bancassurance dan products. These products are marketed at all of the investment product. Produk ini dipasarkan di seluruh Company’s branch offices through a skilled marketing staff jaringan kantor Perseroan melalui tenaga marketing yang and have obtained certifications that are in accordance terampil di bidangnya dan telah memperoleh sertifikasi with the prevailing regulations. For bancassurance product, sesuai dengan ketentuan yang berlaku, di mana untuk the Bank’s marketing experts have obtained the AAJI produk-produk bancassurance, dan para tenaga marketing Certification and for mutual fund products, the Bank’s telah memiliki sertifikat AAJI dan untuk produk-produk marketing experts have obtained the permission from reksadana, para tenaga marketing telah memiliki izin Mutual Fund Selling Agent. Wakil Agen Penjual Efek Reksa Dana (WAPERD).

Produk Bancassurance yang dijual Perseroan saat ini terdiri Bancassurance product that is offered by the Banks consist dari 5 jenis produk, yaitu: of 5 types of product, namely: Produk Penjelasan No Product Description

Produk dengan kekuatan untuk mengembangkan hasil investasi dan proteksi diri 1 Simas Prima dengan nilai yang pasti. / Product with a power to develop investment results and self-protection with assured values. Produk investasi dengan fitur asuransi jiwa dan kecelakaan untuk mengoptimalkan 2 Simas Stabil Link investasi nasabah. / An investment product with the feature of life insurance and insurance against accident to optimize customer’a investments. Program perlindungan asuransi jiwa yang dikombinasikan dengan investasi yang dapat memberikan hasil yang optimal merupakan impian setiap orang. / A life 3 Simas Power Link (SIMPOL) insurance program that is combined with investment that will provide optimum results for the customers. Program perlindungan asuransi jiwa meninggal dunia, cacat tetap total dan masuk rumah sakit yang diakibatkan oleh kecelakaan. / A life insurance program 4 Personal Accident (PA) for customer that is provided if the insured passes away, suffers from permanent disability or is hospitalized due to accidents. Program asuransi dan investasi jangka panjang sebagai persiapan dana pensiun. / A 5 Dana Sejahtera long-term insurance and investment program as a preparation for retirement fund.

Pencapaian periode Desember 2014 produk Bancassurance Upt to the period of December 2014, Bancassurance yaitu : products had yielded the following results: Produk No Oustanding Product

1 Simas Prima dan Simas Stabil Link / Simas Prima and Simas Stabil Link 455.094.106.148 2 Simas Power Link (SIMPOL) 6.489.113.333 3 Dana Sejahtera 184.594.072

54 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Produk Reksadana yang dijual Perseroan saat ini terdiri dari Meanwhile, the Company’s Mutual Fund products currently 5 jenis produk, yaitu: consist of 5 products, namely: Produk Penjelasan No Product Description

Bertujuan untuk memperoleh tingkat pendapatan yang stabil dan bersaing dengan tetap mempertahankan nilai modal investasi serta menjaga kestabilan likuiditas 1 Simas Danamas Rupiah Plus dengan tingkat risiko yang relatif rendah. Designated to achieve a stable and competitive income level by retaining capital investment values, and upholding liquidity stability with relatively low risk level. Bertujuan untuk memperoleh pendapatan yang stabil dan optimal dalam jangka menengah dan panjang dengan tingkat risiko yang relatif rendah. 2 Simas Danamas Stabil Designated to achieve a stable and optimum income in medium and long-term period with relatively low risk level. Bertujuan untuk memperoleh pendapatan yang optimal dalam jangka panjang dengan tingkat fleksibilitas investasi yang cukup tinggi, serta mengurangi risiko dengan berbagai jenis portofolio efek yang terdiri dari efek ekuitas dan efek bersifat piutang serta instrument pasar uang sesuai dengan peraturan perundang- 3 Simas Danamas Saham undangan. Designated to achieve optimum income in the long-term with a quite high investment flexibility level, and to reduce risks in various securities portfolios, such as equity and receivables shares, as well as money market instruments, in accordance with the applicable laws. Bertujuan mencapai tingkat pendapatan yang optimal dalam jangka panjang melalui peningkatan nilai modal, penghasilan deviden dan pendapatan bunga serta mengurangi risiko investasi dengan mengalokasikan kekayaan Simas Satu ke dalam berbagai jenis efek yang terdiri dari efek utang, instrumen pasar uang, efek ekuitas 4 Simas Satu dan efek berpendapatan tetap. Designated to achieve optimum income level in long-term through an increase in capital value, dividend income and interest income, as well as reducing investment risks by allocating the fund in Simas Satu to various kind of shares, such as debt shares, money market instrument, equity shares, and stable income shares. Bertujuan untuk mencapai tingkat pendapatan yang optimal dalam jangka panjang melalui peningkatan nilai modal, penghasilan dividen dan pendapatan bunga, serta mengurangi risiko investasi dengan mengalokasikan kekayaan Simas Satu Prima ke dalam berbagai jenis efek yang terdiri dari efek ekuitas, efek utang, dan/atau efek beragun asset serta instrumen pasar uang. 5 Simas Satu Prima Designated to achieve optimum income level in long-term through an increase in capital value, dividend income and interest income, as well as reducing investment risks by allocating the fund in Simas Satu Prima to various kind of securities, such as equity shares, debt shares, residential mortgage backed securities, and money market instrument.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 55 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

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Pencapaian periode Desember 2014 produk Reksadana Upt to the period of December 2014, Mutual Fund products yaitu : had yielded the following results: Produk No Oustanding Product

1 Simas Danamas Rupiah Plus 354.339.151 2 Simas Danamas Stabil 26.669.268.480 3 Simas Danamas Saham 3.363.855.116 4 Simas Satu 27.046.871.765 5 Simas Satu Prima 1.068.977.578

5. Bisnis Kartu Kredit 5. Credit Card Business Perseroan meluncurkan produk Kartu Kredit dengan The Company launched its credit card product by cooperating bekerja sama dengan Visa International dan Mastercard with Visa International and Mastercard International. With International. Strategi Perseroan dalam meluncurkan bisnis the launch of this product, the Company aims to not only kartu kredit ini selain untuk melayani kebutuhan para provide more service to the customers but also intended nasabah, juga akan diarahkan untuk para karyawan yang for all employees who work in all subsidiaries of Sinarmas bekerja di seluruh anak perusahaan Sinarmas Group. Group.

Untuk meningkatkan bisnis kartu kredit, Perseroan akan To advance its credit card business, the Company will create membuat berbagai program kerja sama dan promosi untuk various cooperation programs and promotions to encourage mendorong pemakaian kartu dan meningkatkan volume the use of the card and improve transaction volume. Thus, transaksi, sehingga diharapkan kartu kredit Perseroan bisa the Company’s credit card will be used as the main card for sebagai kartu utama/main card bagi para nasabah yang loyal customers. loyal.

6. Bisnis Internasional dan Treasury 6. International and Treasury Business Kegiatan usaha Bisnis Internasional dan Treasury adalah International and Treasury business activities conducted by sebagai berikut: the Company are as follows: Produk Penjelasan No Product Description

Keseluruhan permintaan dan penawaran dana-dana atau surat-surat berharga yang 1 Pasar Uang / Money Market mempunyai jangka waktu satu tahun atau kurang dari satu tahun. / Overall demand and supply of funds or securities that matured in one year or less than one year. Penukaran Mata Uang 2 Asing / Foreign Exchange Penukaran mata uang valuta asing. / Transaction of foreign exchange. Transaction Transaksi pembelian atau penjualan mata uang asing yang waktu penyerahannya (settlement) dilakukan dalam dua hari kerja setelah tanggal transaksi. / Foreign 3 Transaksi Spot currency purchase and selling transaction which settlement is conducted in tow work days after the transaction.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

7. Unit Usaha Syariah 7. Sharia Business Unit Unit Usaha Syariah (UUS) PT. Bank Sinarmas Tbk. PT. Bank Sinarmas Tbk. - Sharia Business Unit (UUS) is a merupakan Unit Usaha Strategis dari PT. Bank Sinarmas Strategic Business Unit of PT. Bank Sinarmas Tbk., which Tbk. yang menjalankan sistem Perbankan melalui kegiatan runs banking system in accordance to Sharia Principles and operasional sesuai dengan Prinsip Syariah. Kantor Cabang started to operate on November 18, 2009 by opening its Syariah pertama mulai beroperasi pada 18 November first Sharia Branch Office in Jakarta. The establishment of 2009 di Jakarta. Pendirian UUS bertujuan untuk melayani UUS aims to serve public demand on financial banking tingginya kebutuhan masyarakat dalam memanfaatkan service based on dual banking systems namely conventional jasa keuangan perbankan yang berbasiskan dual banking banking and especially sharia banking based on the system, yaitu sistem konvensional dan sistem syariah, Indonesian Ulema Council’s law on the bank’s interest. dengan memperhatikan keunggulan prinsip Perbankan Syariah, karena adanya Fatwa MUI tentang bunga bank.

Adapun produk yang saat ini ditawarkan oleh Bank Products that are offered by Sharia Business Unit of the Sinarmas Unit Usaha Syariah disesuaikan dengan Company are adjusted to the Codifications of Sharia Banking Kodifikasi Produk Perbankan Syariah tahun 2008 dan telah Products of 2008 and have obtained recommendation from mendapatkan rekomendasi dari Dewan Pengawas Syariah Sharia Board of Supervisors, namely: (DPS) yaitu:

Produk Penjelasan No Product Description

a. Tabungan Simas iB (Wadiah) - Statement dan Passbook / Simas iB (Wadiah) savings - Statement and Passbook b. Tabungan Simas iB (Mudharabah Muthlaqah) - Statement dan Passbook / Simas iB (Mudharabah Muthlaqah) savings - Statement and Passbook c. TabunganKu iB (Wadiah) - Passbook / TabunganKu iB (Wadiah) - Statement and Passbook Produk Penghimpunan Dana d. Tabungan Simas Gold iB (Mudharabah Muthlaqah) - Passbook / Simas Gold iB 1 / Fund Collection Product (Mudharabah Muthlaqah) savings - Passbook e. Tabungan Sinarmas Saving Plan iB (Mudharabah Muthlaqah) / Sinarmas Savin Plan iB (Mudharabah Muthlaqah) savings f. Giro Simas iB (Mudharabah Muthlaqah) / Simas iB (Mudharabah Muthlaqah) current accounts g. Deposito Berjangka iB (Mudharbah Muthlaqah) / Time Deposits iB (Mudharbah Muthlaqah) Produk Pembiayaan / Pembiayaan Murabahah (Skema Channelling - Linkage Program) / Murabahah 2 Financing Product Financing (Channeling Scheme - Linkage Program)

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Jejak Langkah Milestones

1993 1995 1998

Perusahaan mendirikan kantor cabang di Bandung. Menjadi Bank Mendapatkan Umum Devisa. penambahan Modal Disetor menjadi The Company The Company Rp50 miliar. established the first obtained Foreign branch office in Exchange Bank The Company Bandung Status. obtained additional fund to increase its paid-in capital to Rp50 billion. 1994 1989 1996

Menerima status sebagai Bank Perusahaan Persepsi (bank Perusahaan mendirikan pertama kali pembayaran kantor cabang di didirikan dengan pajak) dari Menteri Surabaya. nama Bank Shinta Keuangan. The Company established Indonesia. The Company was a branch office in Establishment appointed as a Tax Surabaya of the Company Collection Bank under the name by the Minister of of Bank Shinta Finance. Indonesia

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2006

• Keputusan Menteri Hukum dan Hak Asasi Manusia • The Company obtained approval from the Minister of Justice mengenai Perubahan Nama dari PT. Bank Shinta and Human Rights to change its name from PT. Bank Shinta Indonesia menjadi PT. Bank Sinarmas Tbk., kemudian Indonesia to PT. Bank Sinarmas Tbk., consequently the name Bank Shinta Indonesia berubah nama menjadi Bank of Bank Shinta Indonesia was changed to Bank Sinarmas. Sinarmas. • The Company’s main office was relocated from Jl. Hasyim • Berpindahnya kantor Pusat dari Jl. Hasyim Ashari No. 38, Ashari No. 38, Central Jakarta to Wisma PT. Bank Sinarmas Jakarta Pusat ke Wisma PT. Bank Sinarmas Tbk. Lt. 1, Jl. Tbk. Lt. 1, Jl. MH. Thamrin No. 51, Central Jakarta. MH. Thamrin No. 51, Jakarta Pusat. • The Company increased the members of Board of Directors • Bertambahnya anggota Direksi dari 2 (dua) orang menjadi from 2 (two) directors to 4 (four) directors. 4 (empat) orang. • The authorized capital of the Company was increased from • Peningkatan Modal Dasar dari Rp200 miliar menjadi Rp200 billion to Rp500 billion. Rp500 miliar. • The Company increased its Paid-in Capital to Rp125 billion. • Penambahan Modal Disetor menjadi Rp125 miliar. • The Company established 10 (ten) new branch offices in • Pendirian 10 (sepuluh) kantor baru yaitu Medan, Jambi, Medan, Jambi, Pekanbaru, Yogyakarta, Semarang, , Pekanbaru, Yogyakarta, Semarang, Cirebon, Makassar, Makassar, Manado, Bumi Serpong Damai Jakarta, and Manado, Bumi Serpong Damai Jakarta, dan Denpasar. Denpasar. • Relokasi kantor Cabang Bandung di Jl. Naripan No. 11- • Bandung branch office was relocated from Jl. Naripan No. 11- 19, Bandung ke Jl. Abdul Rivai No. 2, Bandung. 19, Bandung to Jl. Abdul Rivai No. 2, Bandung.

2005

• PT. Sinar Mas Multiartha Tbk dan PT. Shinta Utama • PT. Sinarmas Multiartha Tbk and PT. Shinta Utama became menjadi pemegang saham mayoritas dengan tujuan major shareholders, bringing with them their goals in making membawa Perusahaan menjadi salah satu bank the Bank into one of the best professional banks in the country. terkemuka dan terpercaya. • The Company increased the members of Board of • Bertambahnya anggota Dewan Komisaris dari 1 Commissioners from 1 (one) commissioner to 3 (three) (satu) orang menjadi 3 (tiga) orang. commissioners. • Pergantian logo bank. • The Bank’s logo was changed. • Penambahan Modal Disetor menjadi Rp65 miliar. • The Company increased its Paid-in Capital to Rp65 billion.

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2007

• Penambahan Modal Disetor menjadi Rp275 miliar. • Pendirian 40 (empat puluh) kantor baru. • Relokasi kantor cabang Mangga Dua, Pekan Baru dan Denpasar. • Perubahan dan Penambahan 1 (satu) orang anggota Dewan Direksi menjadi 5(lima) orang. • Perubahan anggota Dewan Komisaris. 2008 • Bank Sinarmas mendapat penghargaan dari majalah Info Bank dengan predikat ”Sangat Bagus” atas kinerja keuangan 2006. • Pembukaan 88 unit ATM di seluruh kantor cabang. • Peluncuran Internet Banking dan Electronic Banking. • Penggunaan sistem perbankan TEMENOS yang • Penambahan Modal Disetor menjadi Rp425 miliar. menggantikan sistem IBS sehingga seluruh kegiatan bank • Pembukaan 22 (dua puluh dua) kantor baru. dijalankan terintegrasi secara real time on line di seluruh • Relokasi kantor cabang Malang, Jambi, Kali Deres, kantor cabang. Gunung Sahari Jakarta. • Pembukaan 61 unit ATM di seluruh kantor cabang.

• The Company increased its Paid-in Capital to Rp275 billion. • The Company established 40 (forty) new branch offices. • The Company increased its Paid-in Capital to Rp425 • Branch offices in Mangga Dua, Pekanbaru and Denpasar billion. were relocated. • The Company opened 22 (twenty two) new branch • The composition of the Board of Directors was changed by offices. appointing 1 (one) new director; thus, the Board of Directors • Branch offices in Malang, Jambi, Kali Deres, and of the Company was composed of 5 (five) directors. Gunung Sahari Jakarta were relocated. • The composition of the Board of Commissioners was • The Company opened 61 ATM units in all branch changed. offices. • Bank Sinarmas obtained an award from InfoBank magazine due to the “Excellent” financial performance of the Bank’s in 2006. • The Company opened 88 ATM units in all branch offices. • The Company launched Internet Banking and Electronic Banking systems. • The Company utilized TEMENOS banking system to replace the IBS system. Thus, all activites of the Bank were integrated and conducted in real time online in all branch offices.

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2010

• Penambahan Modal Disetor menjadi Rp728 Miliar. • The Company increased its Paid-in Capital to Rp728 billion. • Perubahan status bank menjadi perusahaan go • The Bank changed its company’s status by Going Public. public. • The Company opened 14 (fourteen) new branch offices. • Pembukaan 14 (empat belas) kantor baru. • Total operating ATM of the Bank in this year were 177 units • Jumlah ATM yang beroperasi adalah 177 Unit spread across Indonesia. mesin ATM yang tersebar di seluruh Indonesia. • The compositions of both the Board of Commissioners and • Perubahan Anggota Dewan Komisaris dan Direksi. Board of Directors were changed.

2011

• Penambahan Modal disetor menjadi • The Company increased its Paid-in Rp908 Miliar. Capital to Rp908 billion. • Pelaksanaan Exercise Waran Seri I, • The Company exercised Waran Series sehingga meningkatkan saham publik di I; thus, increasing public shares of PT. PT. Bank Sinarmas Tbk. menjadi 40%. Bank Sinarmas Tbk. to 40%. • Jumlah Kantor PT. Bank Sinarmas Tbk. • Total branch offices of PT. Bank sebanyak 220 kantor yang tersebar di Sinarmas Tbk. in this year was 220 107 kota di Indonesia. branch offices spread over 1078 cities in • Peluncuran tag line We Always Care. Indonesia. • Pelaksanaan RUPS Tahunan dan RUPS • The Company launched the tag line of Luar Biasa. We Always Care. • Pelaksanaan Public Expose. • Annual GMS and Extraordinary GMS of the Company were conducted. 2009 • Public Expose of the Company was conducted.

• Penambahan Modal Disetor menjadi Rp525 miliar. • The Company increased its Paid-in Capital to Rp525 billion. • Pembukaan 18 (delapan belas) kantor baru. • The Company opened 18 (eighteen) new branch offices. • Relokasi Kantor Cabang Lampung, Semarang, Senen • Branch offices in Lampung, Semarang, Senen Jakarta, Jakarta, Manado, Tasikmalaya. Manado, and Tasikmalaya were relocated. • Pembukaan 162 unit ATM di seluruh kantor cabang. • The Company opened 162 ATM units in all branch offices. • Dibentuknya Unit Usaha Syariah PT. Bank Sinarmas Tbk • Sharia Business unit of the Company was established. • PT. Bank Sinarmas Tbk. telah disahkan oleh Bappebti • PT. Bak Sinarmas Tbk had been approved by Bappebti sebagai Bank Penyimpan Margin, Dana Kompensasi dan as a Bank for Margin Savings, Compensation Fund, and Dana Jaminan. Guarantee Fund services. • Pengesahan dari Bapepam kepada PT. Bank Sinarmas Tbk. • The Company obtained approval from Bapepam to conduct untuk melakukan kegiatan usaha Wali Amanat. Trustee Service.

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2012 2014

• Perubahan susunan Dewan Komisaris. • Melakukan Penawaran Umum • PT. Bank Sinarmas Tbk. menjalin kerja sama dengan Union Pay Terbatas I (PUT I), sehingga Internasional (UPI) untuk meluncurkan kartu debit Sinarmas Union menjadikan penambahan Pay. modal disetor menjadi • Pelaksanaan RUPS Tahunan dan RUPS Luar biasa. Rp1.028 miliar. • Aksi korporasi Penerbitan Saham Baru Tanpa Hak Memesan Efek • Perubahan Anggota Dewan Terlebih Dahulu (non HMETD), sebanyak 896.535,414 saham Komisaris dan Direksi. baru BSIM dengan harga Rp270 per saham dan total mencapai • Menambah jumlah kantor Rp242 miliar. menjadi 265 yang tersebar 120 kota di Indonesia.

• The Company executed Right Issue I (PUT I); thus, increasing • The composition of Board of Commissioners was changed the paid-in capital to Rp1,028 • PT. Bank Sinarmas Tbk. coperated with Union Pay Internasional billion. (UPI) to launch debit card of Sinarmas Union Pay. • The compositions of both • Annual GMS and Extraordinary GMS of the Company were the Board of Commissioners conducted. Through the corporate action of Rights Issue without and Board of Directors were the issuance of preemptive rights (Non-HMETD), the Company changed. obtained two new shareholders, Asia Value Investments Pte. Ltd • The Company increased the and Clark Quay Investment Corporation Pte Ltd. Both investors number of its branch offices acquired 444,44 million of BSIM new shares with the price of to 265 offices spread over 120 2013 Rp270 per share, reaching the total amount of Rp242 billion. cities in Indonesia.

• Penambahan modal disetor menjadi • The Company increased its Paid-in Rp1.299 miliar. Capital to Rp1,299 billion. • Perubahan susunan Direksi. • The composition of Board of Directors • Penambahan jumlah jaringan was changed. kantor menjadi 380 yang tersebar • The Company increased the number of diseluruh Indonesia. its branch offices to 380 offices spread • Jumlah yang beroperasi adalah across Indonesia. 503 unit mesin ATM yang tersebar • Total operating ATM of the Bank in diseluruh Indonesia. this year were 503 units spread across • Pelaksanaan RUPS Tahunan dan Indonesia RUPS Luar biasa. • Annual GMS and Extraordinary GMS • Pelaksanaan Public Expose. of the Company were conducted. • Public Expose of the Company was conducted.

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Dengan komitmen yang tinggi With unyielding commitment of dari jajaran manajemen dan the management as well as all seluruh karyawan, di usia employees, at the current age yang ke-25, Perseroan mampu of 25 years old, Bank Sinarmas bertahan di tengah persaingan remains strong amid the various bisnis yang sangat ketat. business challenges nowadays.

AnnualAnnual Report Report 2014 2014 | PT. | PT. BANK Bank SINARMAS Sinarmas Tbk. 63 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

STRUKTUR ORGANISASI BANK SINARMAS Organization Structure of Bank Sinarmas

GENERAL MEETING OF SHARERHOLDERS

ALCO

Credit Committee

Risk Management Committee Information Technology Committee Human Resources Committee BOARD OF DIRECTORS

PRESIDENT DIRECTOR

Freenyan Liwang

RISK MANAGEMENT SHARIA COMPLIANCE ENTERPRISE BANKING Retail Banking & HUMAN CAPITAL DIRECTOR DIRECTOR DIRECTOR Director DIRECTOR Heru Agus Salis Teguh Hanafi Himawan Loa Johnny Mailoa Soejanto Soetjijo Wuryanto Hartono

MICRO SMALL Risk RETAIL SALES & SHARIA COMPLIANCE TREASURY CREDIT ANALYST BUSINESS Management BUSINESS DISTRIBUTION GROUP Maureen Muktiono Purwanto Afriani Ritassetyana Yoyo Cahyadi Yenny Hoo Anula Putra Setiawan Wibowo

RETAIL OPERATIONAL LIQUIDITY & CASH CARD CENTER COMPLIANCE BANKING RISK MANAGEMENT REGIONAL ANALYST MANAGER MANAGEMENT Dian Nita Harri Setiabudi M. Togar Pohan Husni Salikin Santi Syaiful Siliganda

CORPORATE UKPN MARKET, FOREX TRADING DIGITAL RETAIL BANKING LIQUIDITY & ACQUISITION In Process ENTERPRISE RISK Ira Marvella MANAGEMENT Hendrawan Ellen Soehartono Revianto Sherley Miranty S. SALES & MARKETING MAIN BRANCH Credit Risk THAMRIN Management Alex Hadiwijoyo

Vacant FIXED INCOME HUMAN CAPITAL RECRUITMENT & Andreas Antonio ADM. SUPPORT

Wahyu R. Zaenie

HUMAN CAPITAL SYSTEM & LEGEND STRATEGIC BOD Vacant Reporting Lines GENERAL AFFAIRS Cordination Lines

Eric Tunaedi Supervision Lines

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BOARD OF COMMISSIONERS Audit Committee

Risk Monitoring Committee Remuneration & Nomination Committee Good Corporate Governance Committee

OPERATIONAL & LIABILITIES & INFORMATION BUSINESS DIRECTOR TECHNOLOGY DIRECTOR

Halim Frenky T. Susilo

FINANCIAL LIABILITIES PLANNING & AUDIT INTERN INFORMATION PRODUCT OPERATIONS PERFORMANCE WORK UNIT TECHNOLOGY DEVELOPMENT MANAGEMENT Untung Darwanti Juliastuti Suhaimy Gohandi Fera Febriani Ivanka Vinche Kurniawan Haryo

FINANCIAL OPERATIONAL LIABILITIES WEALTH BANCASSURANCE SOFTWARE CORE BANKING PLANNING & RISK AUDIT & ACCOUNTING PRODUCT MANAGEMENT & AGENCY ENGINEERING OPERATIONS CONTROLLING SPECIAL CASE Theodora D. Cynthia Martinus S. Tjong Kwet Suzana Irmawati Dody Vaircana Thedy Sherley Kanthi Nalarantini Windoe Tjandrawinata Rohadi Hiong

STRATEGIC & PAYMENT IT EXPENSE CREDIT CREDIT RISK PERFORMANCE SYSTEM & INFRASTRUCTURE CONTROL ADMINISTRATION AUDIT MANAGEMENT ELECTRONIC & CONTROL CHANNEL Julianto Zheng Sony Agus Vacant Elizabeth Megawati BUSINESS Dwirani Novianti DEVELOPMENT Erick W. IT SERVICE SERVICE QUALITY TREASURY & BUSINESS INTERNATIONAL Dotulong ANTI FRAUD CONTINUITY BANKING RISK Rudyanto Vacant MANAGEMENT PAYMENT AUDIT SYSTEM & Veronica Susanto ELECTRONIC CARD CENTER Budi Kristiyana Femi Anggraini IT SECURITIES CHANNEL OPERATIONS PRODUCT ELECTRONIC Chandra Hendra CORPORATE APMK, DEVELOPMENT CHANNEL Suwondo Goenawan SECRETARY & E-CHANNEL, IT OPERATIONS Iman Budiman LEGAL RISK AUDIT CORE BANKING REGIONAL Rony Arif DEVELOPMENT Dodo Suyanto Zulkarnaen CONTACT OPERATIONS CENTER Fransisca MANAGER Hartanto GLOBAL TRADE Wendy Widjaja SERVICES/ IT PAYMENT & FINANCIAL CARD SYSTEM BUSINESS INSTITUTION PARTNER Vacant DEVELOPMENT Denny Darmawan

Vacant

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Profil Dewan Komisaris Board of Commissioners Profile

Warga Negara Indonesia, 52 An Indonesian citizen, 52 years tahun. Menjabat sebagai Komisaris old. She has been serving as the Utama PT. Bank Sinarmas Tbk. President Commissioner of PT. melalui Rapat Umum Pemegang Bank Sinarmas Tbk. by virtue of Saham 21 Desember 2009 dan General Meeting of Shareholders Persetujuan Pengangkatan dari on December 21, 2009 and Bank Indonesia pada 20 April Approval for Appointment from 2010. Sebelumnya beliau ditunjuk Bank Indonesia on April 20, 2010. sebagai Direktur Utama PT. Bank She was the President Director of Sinarmas Tbk. pada 2003. PT. Bank Sinarmas Tbk. in 2003.

Pengalaman kerja dimulai pada Her career started in 1986 as 1986 hingga 1987 sebagai the Finance Manager of PT Lima Manajer Keuangan PT. Lima Sempurna Makmur in Semarang Sempurna Makmur di Semarang. (1986-1987). From 1987-1989, Pada 1987 hingga 1989 menjabat she served as Assistant Marketing sebagai Assistant Manager Manager at PT Shinta Indah Jaya, Pemasaran PT. Shinta Indah Jaya, Jakarta. Jakarta.

Bergabung di PT. Bank Sinarmas She joined PT. Bank Sinarmas Tjendrawati Widjaja Tbk. pada 1990 untuk pertama Tbk. in 1990 as a staff of core kali sebagai tim inti pendirian. team in establishment. In 1993- Komisaris Utama Mendapatkan kepercayaan untuk 2001 she served as the Head of President Commissioner menjabat sebagai Kepala Cabang Branch Office and in 2001, she pada 1993 hingga 2001. Pada joined Group Leader Credit and tahun 2001, beliau diangkat Marketing and was appointed menjadi Group Leader Credit as the Director of Credit and dan Marketing. Selanjutnya pada Marketing. She obtained her tahun 2002 diangkat sebagai Bachelor’s Degree in Economics Direktur Kredit dan Marketing. from Satya Wasana Christian Memperoleh gelar sarjana University, Salatiga in 1986. Ekonomi di Universitas Kristen Satya Wacana, Salatiga pada tahun 1986.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Warga Negara Indonesia, An Indonesian citizen, 60 years 60 tahun. Diangkat menjadi old. He was appointed as the Komisaris Independen PT. Bank Independent Commissioner of PT. Sinarmas Tbk. melalui melalui Bank Sinarmas Tbk. by virtue of Rapat Umum Pemegang Saham General Meeting of Shareholders 15 Juni 2012 dan Persetujuan on June 15, 2012 and Approval for Pengangkatan dari Bank Indonesia Appointment from Bank Indonesia pada 3 Juli 2012. Bergabung on July 3, 2012. He joined as a sebagai Pengajar Tetap di Sekolah permanent lecturer in Prasetiya Bisnis ini mulai April 1983 dan Mulya Business School (PMBS) dipercaya sebagai Rektor selama since April 1983. He also served dua periode dari 2004 hingga as the rector for two periods, from 2012 2004 to 2012.

Sebelum bergabung dengan Prior to joining PMBS, he worked PMBS berkarier sebagai manajer as professional manager in profesional di perbankan dengan banking industry with the last jabatan terakhir Chief Accountant position as a Chief Accountant of di PT BDNI. Sejak berdirinya The PT BDNI. Since the establishment Indonesian Institute for Corporate of The Indonesian Institute for Directorship (IICD) pada 2003, Corporate Directorship (IICD) in Sammy Kristamuljana beliau terlibat aktif sebagai 2003, he actively involved there Fasilitator dan mulai 2012 menjadi as one of the Facilitators and in Komisaris Independen anggota Pembina di lembaga 2012, he served as a Mentor in Independent Commissioner nirlaba yang mempromosikan this non-profit organization that praktek-praktek terbaik Good promotes the best practices of Corporate Governance ini. Good Corporate Governance. Memperoleh gelar Doktor (PhD) He obtained PhD in International Strategi dan Bisnis Internasional Business and Strategy in 1988 pada 1998 dari City University from City University London, Cass London, Cass Business School. Business School.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Warga Negara Indonesia, 55 An Indonesian citizen, 55 years tahun. Efektif menjabat sebagai old. He has been serving as the Komisaris Independen Bank Independent Commissioner of Sinarmas setelah mendapat Bank Sinarmas effectively after persetujuan Otoritas Jasa obtaining approval from the Keuangan (OJK) pada 19 Juni Financial Services Authority (OJK) 2014, setelah sebelumnya on June 19, 2014, after obtaining mendapatkan persetujuan approval for appointment pengangkatan dari Rapat Umum beforehand through the General Pemegang Saham pada 13 Juni Meeting of Shareholders on June 2014. 13, 2014.

Beliau meraih gelar doktor di He obtained Doctorate degree Curtin University of Technology from Curtin University of pada 2007. Technology in 2007.

Beliau mengawali karirnya pada He started his career in 1982 as 1982 sebagai Asisten Auditor di an Assistant Auditor at Public Kantor Akuntan Publik Hadori& Accounting Firm of Hadori & Co. Co, menjadi Dosen dan Kepala He was once a lecturer and Head Lembaga Penelitian Manajemen of Management and Accounting Rusmin dan Akuntansi di Akademi Research Institution in Akademi Akuntansi YKPN pada 1985 Akuntasi YKPN from 1985 to Komisaris Independen hingga 2009, menjadi Dosen di 2009, a lecturer in Yogyakarta Independent Commissioner Universitas Teknologi Yogyakarta University of Technology in 2009 2009 sampai sekarang, serta up to present, and a member of menjabat sebagai anggota Komite Audit Committee at BNI Sekuritas Audit di BNI Sekuritas pada 2012 from 2012 to 2014. hingga 2014.

Karir di dunia perbankan diawali His career in banking industry dengan menjabat sebagai anggota started by serving as a member of Komite Audit di Bank Windu Audit Committee at Bank Windu Kentjana Internasional pada 2009 Kentjana Internasional from 2009 hingga 2012. to 2012.

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Profil Direksi Board of Directors Profile

Warga Negara Indonesia, 54 An Indonesian citizen, 54 years old. tahun. Saat ini menjabat sebagai Currently serving as the President Direktur Utama di PT. Bank Director at PT. Bank Sinarmas Tbk. Sinarmas Tbk. melalui Rapat based on the resolution of General Umum Pemegang Saham 25 Meeting of Shareholders on Agustus 2010 dan mendapatkan August 25, 2010 and the approval persetujuan dari Bank Indonesia of Bank Indonesia on October 24, 24 Agustus 2010. 2010.

Mengawali kariernya pada 1986 He started his career in 1986 as di Tuntex Incorporation, Taipei, a Management Trainee at Tuntex Taiwan sebagai Management Incorporation, Taipei, Taiwan. Trainee. Sejak tahun 1986 hingga Since then he had worked at 1987 bekerja di PT Systex Setia various companies i.e as the Chief Garment sebagai Chief Dept. Department of Production Control of Production Control, sejak at PT Systex Setia Garment (1986 tahun 1987 hingga 1991 pernah - 1987), Senior Quality Control menjabat sebagai Senior Quality Officer & Merchandiser at Mondial Control Officer & Merchandiser Orient Limited, Cardex Service (Far di Mondial Orient Limited, East) Limited (1987 - 1991). His Cardex Service (Far East) Limited. career in banking industry started Freenyan Liwang Karir di Perbankan dimulai pada in 1993 when he joined PT Bank tahun 1991 hingga 2001 di PT Intenasional Indonesia Tbk as New Direktur Utama Bank Intenasional Indonesia Tbk, Accounts Manager-Credit Card President Director sebagai New Accounts Manager- Center until 2001. After that, he Credit Card Center, dan dalam joined Bank Internasional Ningbo kurun waktu 1994 hingga 2010 as Deputy General Manager bergabung di Bank Internasional (1994 - 2010). He graduated Ningbo, sebagai Deputy General form Tamkang University, Taipei, Manager. Beliau memperoleh Taiwan, with Bachelor of Art gelar Bachelor of Art di Tamkang degree in 1986. Universityn, Taipei, Taiwan pada tahun 1986.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Warga Negara Indonesia, An Indonesian citizen, 49 years 49 tahun. Diangkat sebagai old. Currently serving as Director Direktur PT. Bank Sinarmas Tbk. of PT. Bank Sinarmas Tbk. He melalui Rapat Umum Pemegang was appointed as the Director Saham pada 9 Maret 2006 dan of the bank through the General mendapatkan persetujuan dari Meeting of Shareholders and Bank Indonesia pada 28 Februari approval from Bank Indonesia 2006. Selama di Bank Sinarmas, on October 28, 2006. Prior to pernah menjabat sebagai Direktur fulfilling his current position in the Kredit dan Marketing, Direktur Bank he served as the Director of Human Resource dan General Credit and Marketing, and as the Affair. Director of Human Resources and General Affairs.

Memulai karier di Astra Credit He started his career by joining Company pada tahun 1990. Pada Astra Credit Company in 1990. 1995 bergabung dengan PT. BII After that, he joined PT BII Finance Finance Center sebagi Marketing Center as Marketing Manager Manager, pada 1997 ditempat (1995) and promoted to various yang sama sebagai Area Manager. position in the company such Kemudian tahun 2002 diangkat as Area Manager (1997) and Heru Agus Wuryanto sebagai General Manager. Sejak General Manager (2002). Since 2003 hingga 2006 dipercaya 2003-2006 he joined PT Sinar Mas Direktur Unit Usaha Syariah sebagai Direktur PT Sinar Mas Multifinance and was given the Director of Sharia Business Unit Multifinance Menyelesaikan position of Director. He finished pendidikan Akuntasi pada tahun Accounting education in 1989 1989 dan memperoleh gelar and obtained Bachelor’s degree Sarjana Ekonomi dari Universitas in Economics from Brawijaya Brawijaya Malang. Beliau University Malang. His Master’s memperoleh gelar Master (S- degree in Finance was obtained 2) dari Universitas Indonusa Esa from Universitas Indonusa Esa Unggul Jakarta, jurusan keuangan Unggul, Jakarta in 1999. pada 1999.

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Warga Negara Indonesia 46 An Indonesian citizen, 46 years Tahun. Bergabung di PT Bank old. He served as the Group Head Sinarmas Tbk pada bulan of Credit and Marketing, and September 2005 sebagai Group in 2006, he was appointed as Head Credit and Marketing, dan the Group Head of Compliance. pada 2006 ditunjuk sebagai He has been serving as the Group Head Kepatuhan. Menjabat Independent Director of PT. Bank sebagai Direktur Kepatuhan sejak Sinarmas Tbk. since June 2014. bulan Oktober 2001 dan Direktur Independen di PT. Bank Sinarmas Tbk. sejak bulan Juni 2014.

Mengawali kariernya di Roda Mas His working experience began Group sebagai Internal Audit pada with Roda Mas Group where he 1992 hingga 1996. Bergabung worked as the Internal Auditor dengan PT Bank Internasional from 1992 to 1996. After that, Indonesia Tbk pada 1996 hingga he joined PT Bank Internasional 2001 sebagai Kepala Cabang, Indonesia Tbk as the Head of kemudian melanjutkan karier di Branch Office from 1996 to 2001. Sinar Mas Group Agribusiness He joined the Sinar Mas Group Division sebagai Senior Manager Agribusiness Division as Senior Salis Teguh Hartono pada 2002 hingga 2005. Beliau Manager from 2002 to 2005. His memperoleh gelar Magister Master of Management degree Direktur Kepatuhan Manajemen di Universitas was obtained from Compliance Director Diponegoro Semarang pada 2001. University, Semarang in 2001.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Warga Negara Indonesia, 43 An Indonesian citizen, 43 years tahun. Saat ini menjabat sebagai old. Currently, he serves as the Direktur Enterprise Banking Director of Enterprise Banking PT. Bank Sinarmas Tbk. Telah of PT. Bank Sinarmas Tbk. His bergabung dengan PT. Bank career with PT. Bank Sinarmas Sinarmas Tbk. sejak 1 Oktober Tbk. started on October 1, 2009 2009 sebagai Group Head Kredit as the Group Head of Credit and dan Marketing dan diangkat Marketing. He was appointed as sebagai Direktur Manajemen the Risk Management Director Risiko sejak 14 April 2010. snce April 14, 2010.

Memulai karier Perbankannya di He started his banking career at PT PT. Bank Internasional Indonesia Bank Internasional Indonesia Tbk Tbk berturut-turut sebagai with positions as Account Officer Account Officer dan Team Leader and Team Leader of Commercial Commercial Lending pada 1997 Lending from 1997 to 2005. hingga 2005, sebagai Senior After that, he joined Bank DBS Relationship Manager pada PT. Indonesia from 2005 to 2007. He Bank DBS Indonesia pada 2005 then joined Citibank Indonesia as hingga 2007. Bergabung di Senior Credit Analyst from 2007 Citibank Indonesia sebagai Senior to 2009. His Bachelor of Business Loa Johnny Mailoa Credit Analyst pada 2007 hingga degree was obtained in 1996 from 2009. Memperoleh gelar Bachelor Victoria University of Technology, Direktur Enterprise Banking of Business dari Victoria University Melbourne, Australia. Director of Enterprise Banking of Technology, Melbourne, Australia pada 1996.

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Warga Negara Indonesia, 53 An Indonesian citizen, 53 years tahun. Bergabung dengan PT. old. He started his career with Bank Sinarmas Tbk. pada 2007 PT. Bank Sinarmas Tbk. in 2007 sebagai Project Officer untuk as the Project Officer for Regional Kantor Wilayah Jatim, Bali, NTB Office of East Java, Bali, West dan IBT. Pada tahun 2008 sampai Nusa Tenggara and Eastern 2011 menjadi Kepala Wilayah. Indonesia. From 2008 to 2011, Saat ini menjabat sebagai Direktur he served as the Head of Regional Operasional PT. Bank Sinarmas Office. Currently, he serves as the Tbk. Beliau diangkat sebagai Operations Director of PT. Bank Direktur melalui Rapat Umum Sinarmas Tbk. His appointment Pemegang Saham 15 juni 2012 was conducted through the dan Persetujuan Bank Indonesia General Meeting of Shareholders pada 12 maret 2012. and approval from Bank Indonesia on June 12, 2012.

Mengawali karier di dunia He started his banking career in Perbankan pada 1986 di BDNI. 1986 at BDNI. He then continued Melanjutkan karier di BII mulai to BII from 1990 to 2007 and 1990 hingga 2007 berturut-turut served as the Deputy Head of sebagai Wakil Kepala Cabang, Branch Office, Head of Branch Halim Kepala Cabang, Area Bisnis Office, Business Area Manager, Manager, dan Area Home Loan and Home Area Loan Manager. Direktur Liabilitas dan Bisnis Manager. Memperoleh gelar He obtained Bachelor’s degree in Liabilities & Business Director Sarjana Ekonomi Akutansi lulusan Economics majoring in Accounting Universitas Advent Indonesia, from Indonesian Adventist Bandung pada 1985. University, Bandung in 1985.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Warga Negara Indonesia, 55 Indonesian citizen, 55 year old. Tahun. Bergabung dengan Bank He joined Bank Sinarmas in Sinarmas pada November 2012 November 2012 as the Group sebagai Group Head Compliance. Head of Compliance. At the Saat ini menjabat sebagai Direktur present, he serves as tne Risk Risk Management dan Human Management and Human Capital Capital PT. Bank Sinarmas Tbk. Director of PT. Bank Sinarmas Tbk. Diangkat menjadi Direktur He was appointed as the Director dalam Rapat Umum Pemegang based on the resolution of General Saham pada 10 Juni 2013 dan Meeting of Shareholders on June persetujuan Bank Indonesia pada 10, 2013 and approval from Bank 6 Mei 2013. Indonesia on May 6, 2013.

Mulai merintis karier Perbankan di He started his banking career with BII selama 20 tahun (periode 1987- BII for 20 years (1987-2007). During 2007). Selama di BII, beberapa his office in BII, he held several posisi penting yang pernah dijabat key positions such as Head of antara lain sebagai Pemimpin Branch Office, Regional Manager, Cabang, Regional Manager, Division Head, Management Team Kepala Divisi, Tim Pengelola dan and Group Head. He continued Group Head. Melanjutkan karier his career to PT NISP Sekuritas Hanafi Himawan di PT NISP Sekuritas mulai 2007 from 2007 to 2011 and filled the hingga 2011 berturut-turut positions of Head of Network and Direktur Risk Management dan Human Capital sebagai Head of Network and Distribution Division as well as Risk Management and Human Capital Director Distribution Division dan Direktur. Director of the company. He was Sebagai Direktur Utama di PT NISP appointed to fulfill the position Asset Management mulai 2011 of President Director of PT NISP hingga 2012. Beliau memeroleh Asset Management from 2011 gelar Sarjana Ekonomi, Universitas to 2012. His Bachelor’s degree Trisakti pada 1986. in Economics was obtained from Trisakti University in 1986

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Warga Negara Indonesia, 50 An Indonesian citizen, 50 years tahun. Saat ini menjabat sebagai old. Currently, he serves as the Direktur Retail Banking PT. Bank Retail banking Director of PT. Bank Sinarmas Tbk. Diangkat menjadi Sinarmas Tbk. He was appointed Direktur dalam Rapat Umum as the Director of the Company Pemegang Saham Luar Biasa pada based on the Extraordinary 24 Maret 2015. General Meeting of Shareholders on March 24, 2015.

Beliau seorang bankir An experienced banker, he berpengalaman yang mengawali started his career byu joining kariernya melalui Management the Management Development Development Program (MDP) Program (MDP) of Bank pada Bank Internasional Indonesia Internasional Indonesia (BII. From (BII). Pada tahun 1989 - 1997 di 1989 - 1997 he served on various BII beliau berhasil menduduki positions at BII, such as Account beberapa posisi seperti Account Officer, Credit Analyst, Member Officer, Analis Kredit, Anggota of Credit Remedial Team, Deputy Tim Remedial Kredit, Wakil Head of Branch Office, and Head Pemimpin Cabang dan Pemimpin of Branch Office. From 1997 to Cabang. Pada tahun 1997 - 2001, 2001 he joined UniBank and filled Soejanto Soetjijo beliau mengembangkan kariernya the positions of Area Manager dengan posisi Area Manager dan and Head of Credit Bureau. After Direktur Retail Banking Kepala Biro Kredit pada UniBank. that, he continued his career Retail Banking Director Kemudian beliau melajutkan as the Head of Marketing and karirnya sebagai Kepala Divisi Commercial Credit Division at Pemasaran dan Kredit Komersial Bank Kesawan. From 2004 - 2012 di Bank Kesawan. Di tahun 2004 - he reached the peak of his career 2012, beliau mencapai prestasinya through his appointment as the dengan berhasil menduduki posisi General Manager and Director at General Manager dan Direktur di MNC Finance. MNC Finance.

Dengan pengalaman yang luas di Due to his extensive experiences dunia perbankan, Bank Capital in banking industry, Bank Capital Indonesia mempercayakan Indonesia entrusted the position beliau untuk menjabat sebagai of Advisor and President Director Advisor dan Direktur Utama to him from 2012 to 2014. He dari tahun 2012 hingga 2014. obtained Bachelor’s degree in Beliau memperoleh gelar sarjana Accounting from Parahyangan akuntansi di Universitas Katolik Catholic University in 1990. Parahyangan pada tahun 1990.

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Warga Negara Indonesia, 38 An Indonesian citizen, 38 years tahun. Saat ini menjabat sebagai old. Currently, he fulfills the Direktur Operasional dan position of Operations and Teknologi Informasi PT. Bank Information Technology Director Sinarmas Tbk. Diangkat menjadi of PT. Bank Sinarmas Tbk. He was Direktur dalam Rapat Umum appointed as the Director through Pemegang Saham Luar Biasa pada Extraordinary General Meeting of 24 Maret 2015. Shareholders on March 24, 2015.

Pada tahun 1998 - 2002, beliau His career began in the US where mengawali kariernya di USA he worked at Legacy Texas Bank sebagai Banking Officer dan as Banking Officer and Senior Senior Credit Analyst di Legacy Credit Analyst from 1998 to 2002. Texas Bank. Beliau memperoleh He obtained an award as the Best penghargaan sebagai Best Employee in 2000. He succeeded Employee pada tahun 2000. in obtaining the position as the Dan pada tahun 2002, beliau Credit Portfolio Manager at sukses menjabat sebagai Credit Northern Trust Bank. In 2003, Portofolio Manager di Northern he returned to Legacy Texas Trust Bank. Kemudian pada Bank and served as the Assistant tahun 2003, beliau kembali Vice President until 2005. In the Frenky Tirtowijoyo Susilo berkarier pada Legacy Texas Bank following year, he joined with sebagai Assistant Vice President Standard Chartered Bank in Direktur Operasional dan Teknologi Informasi hingga tahun 2005. Pada tahun Indonesia as the Senior Manager Operational & Information Technology Director 2006, Beliau bergabung dengan of Consumer Banking Operations. Standart Chartered Bank di Indonesia sebagai Senior Manager Consumer Banking Operations.

Pada tahun 2007 hingga 2014, From 2007 to 2014, he continued beliau melanjutkan kariernya his career at Standard Chartered di Standart Chartered Bank di Bank, Singapore, as the Singapura sebagai Senior Business Senior Business Analyst Group Analyst Group Operational Risk Operational Risk Assurance, Senior Assurance, Senior Manager Manager Operational Risk and Operational Risk dan Senior Senior Manager CDD Operations Manager CDD Operations and Approver. His Bachelor of & Approver. Mendapatkan Business Administration degree gelar Bachelor of Business majoring in Finance was obtained Administration in Finance dari from Texas A&M University in Texas A&M University pada tahun 1998, while his Master of Business 1998 dan Master of Business Administration degree was Administration dari National obtained from National University University of Singapore pada of Singapore, in 2009. tahun 2009.

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8

3 7 6 1 5 9

10

4 2

MANAJEMEN SENIOR Senior Management

1. Purwanto 6. Darwanti Juliastuti Haryo Group Head Compliance Group Head Audit Intern Work Unit

2. Afriani Ritassetyana 7. Muktiono Wibowo Group Head Risk Management Group Head Micro Small Business Group

3. Yoyo Cahyadi 8. Untung Kurniawan Group Head Treasury Group Head Liabilities Product Development

4. Yenny Hoo 9. Suhaimy Gohandi Group Head Credit Analyst Group Head Information Technology

5. Anula Putra 10. Fera Febriani Group Head Retail Business Group Head Operationsv

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Struktur Grup Perusahaan Company Group Structure

PT. Sinar Mas Multiartha Tbk.

Insurance Insurance Insurance

PT. Asuransi Jiwa PT. Sinartama PT. Bank Sinarmas Tbk. Sinarmas MISG (50%) Gunita (100%) (53.41%)

PT. Asuransi Jiwa PT. Sinarmas PT. Simas Money Changer Megalife (50%) Sekuritas (100%) (100%)

PT. Arthamas Konsulindo PT. Sinarmas Aset (100%) Management (100%)

PT. Sinar Artha Konsulindo PT. Sinarmas Futures (100%) (100%)

PT. Asuransi Sinar Mas (100%)

PT. Asuransi Sumit Oto (48%)

PT. LIG Insurance (30%)

PT Asuransi Simas Net (100%)

Sinar Mas Insurance (100%)

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Multifinance Information Technology Insurance

PT. Sinar Mas Multifinance PT. JobStreet Indonesia PT Rizky Lancar Sentosa (100%) (40.00%) (100%)

PT. AB Sinar Mas PT. Komunindo Arga PT. Shinta Utama Multifinance (100%) Digital (100%) (100%)

PT. Arthamas Informatika PT. Panji Ratu Jakarta (100%) (21.02%)

PT. Arthamas Solusindo PT. Wapindo Jasaartha (100%) (100%)

PT. Sinar Artha Inforindo PT. Balai Lelang (100%) Sinarmas (100%)

PT. Sinar Artha Solusindo PT. Artha Bina Usaha (100%) (100%)

PT. Sinar Artha Trading (100%)

Global Asian Investment Limited (99.80%)

Nanjing Sinar Mas & Zijin Venture Capital Management (60.00%)

PT Jakarta Teknologi Utama (100%)

PT Autopro Utama Perkasa (100%)

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Komposisi Pemegang Saham Share Ownership Composition

31 Desember 2014 Pemegang Saham Shareholder Jumlah Saham Persentase Kepemilikan Jumlah Modal Disetor Number of Shares Percentage of Ownership Amount Paid-In Capital

PT. Sinar Mas Multiartha Tbk. 7.498.835.150 53,41% 749.883.515.000 PT. Shinta Utama 363.136.372 2,59% 36.313.637.200 Freenyan Liwang 3.714.375 0,03% 371.437.500 Halim 440.000 0,00% 44.000.000 Masyarakat / Public 6.174.042.452 43,97% 617.404.245.200 Jumlah 14.040.168.349 100% 1.404.016.834.900

31 Desember 2013 Pemegang Saham Shareholder Jumlah Saham Persentase Kepemilikan Jumlah Modal Disetor Number of Shares Percentage of Ownership Amount Paid-In Capital

PT Sinar Mas Multiartha Tbk. 7.498.835.150 57,17% 749.883.515.000 PT Shinta Utama 363.136.372 2,77% 36.313.637.200 Freenyan Liwang 3.514.375 0,03% 351.437.500 Halim 440.000 0,00% 44.000.000 Masyarakat / Public 5.250.955.601 40,03% 525.095.560.100 Total 13.116.881.498 100% 1.311.688.149.800

Presentase Kepemilikan Saham Tahun 2014 Presentase Kepemilikan Saham Tahun 2013 Shares ownership percentage in 2014 Shares ownership percentage in 2013

PT Sinar Mas PT Sinar Mas Multiartha Tbk. Multiartha Tbk. 53,41% 57,17% PT Shinta PT Shinta Utama Masyarakat Utama Masyarakat 2,59% / Public 2,77% / Public 44,00% 40,06%

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Informasi Pemegang Saham Utama dan Pengendali Information on Main and Controlling Shareholders

PT ARTHAMAS PT SINARMAS SOLUSINDO MULTIARTHA TBK

0,28% 99,72% PT Sinar Mas Multiartha Tbk

PT SHINTA UTAMA PUBLIC

2,59% 44% 53,41%

PT. Bank Sinarmas Tbk.

Jalur Pengendali Connecting Lines of Controlling Shareholders

Pengendali Controlling Shareholders

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SUMBER DAYA MANUSIA Human Resources

Proses Rekrutmen Recruitment Process Untuk proses rekrutmen, Departemen Rekrutmen bekerja Pertaining to the process of recruitment, the Recruitment sama dengan kantor cabang dan divisi secara desentralisasi Department collaborated with branch offices and divisions to untuk memenuhi kebutuhan SDM. Selama 2014, kami telah fulfill the needs of Human Resources in a decentralized manner. berhasil merekrut sebanyak 93,8% dari target man power During 2014, we had recruited approximately 93.8% of the planning tahun 2014 yaitu 2.037 karyawan untuk kebutuhan target of man power planning in 2014, which were 2,037 staf di divisi, staf operation & marketing di kantor cabang, serta employees. From this number, the Company will distribute posisi-posisi pendukung lainnya. Selama kurang lebih 8 bulan, them to meet the needs for staff in various divisions, as well mulai April 2014 sampai Desember 2014, PT. Bank Sinarmas as operation and marketing staffs in branch offices, and other Tbk. telah merekrut 1.235 Funding Sales Officer dari 13.167 supporting positions. For the period of more-or-less 8 months, kandidat melalui wawancara eksternal. from Apil to December 2014, PT. Bank Sinarmas Tbk. had recruited 1,235 Funding Sales Oficer from 13.167 candidates through the means of external interview.

Pencarian kandidat dilakukan secara integral, bekerja sama The search for employee candidate was conducted in an dengan perguruan tinggi terbaik di seluruh wilayah Indonesia, integral manner, that is through cooperation with several of pelaksanaan jobfair, pemasangan iklan di bursa pencari kerja, the best universities in Indonesia, participating in job fairs, referensi dan website, kemudian diseleksi secara ketat dengan and advertising in various job seekers forum, references, and

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

syarat-syarat tertentu agar diperoleh kandidat terbaik yang website. The candidates then are selected by considering berpotensi, berkualitas, dan unggul sesuai dengan kualifikasi whether they have fulfilled all requirements stated by Bank yang dibutuhkan. Sinarmas in order to gain the most potential, qualified, and excellent recruits in line with our qualifications.

Selama 2014, kegiatan perekrutan yang dilakukan di masing- During 2014, the recruitment activities conducted in each masing kantor cabang kurang lebih sebanyak 942 kegiatan, branch office were around 942 activities, such as walk-in diantaranya walk interview, job fair, campus hiring dan daily interview, job fair, campus hiring, and daily interview. The interview. Departemen Rekrutmen memiliki 1 (satu) orang Company’s Recruitment Department set 1 (one) Recruiting Recruiting Champions di setiap kantor wilayah yang bekerjasama Champions in each region to cooperate with branch offices dengan kantor cabang untuk membantu pemenuhan karyawan to assist with the fulfillment of employees and carry out mass dan melakukan perekrutan secara massal. recruitment activity.

Bagi karyawan-karyawan yang baru bergabung, khususnya The newly joined employees, particularly in the Marketing bidang Marketing, tentu perlu dibekali dengan pengetahuan Department, will be equipped with knowledge on the products mengenai produk-produk yang dipasarkan serta cara atau of the Company as well as the technique to market the products. teknik pemasarannya. Oleh karena itu, pada 2014 PT. Bank Thus, in 2014, PT. Bank Sinarmas Tbk. had designed a program Sinarmas Tbk. telah merancang suatu program agar pemasaran to enhance the marketing process in order to reach the set mengenai produk-produk yang dikeluarkan dapat mencapai targets, namely the on-boarding process. New employees will target yang telah ditentukan, melalui proses on-boarding. Para be given trainings and buddies to assist them in getting to karyawan yang baru masuk diberikan pembekalan berupa know about the Company and conducting their routines. This training dan buddy untuk membantu karyawan baru mengenal on-boarding process is controlled directly from the main office perusahaan dan melakukan tugas kewajibannya. Proses on- through the branch offices or regional offices. boarding ini dikontrol langsung dari kantor pusat melalui kantor cabang/kanwil.

Evaluasi Sistem Rekrutmen Evaluation of Recruitment System Departemen Rekrutmen senantiasa melakukan review dan The Recruitment Department constantly conducts review in kajian secara berkala terkait dengan pengembangan sistem relation to the development of recruitment system, selection rekrutmen, seleksi, dan on boarding, baik menyangkut tools and on-boarding processes, either related to tools utilized or yang digunakan, maupun peningkatan kompetensi para the competency improvement of all recruiters. recruiters.

Komposisi Karyawan Employee Composition Total Human Capital PT. Bank Sinarmas Tbk. pada 2014 In 2014, total Human Capital of PT. Bank Sinarmas Tbk. reached mencapai 6.421 orang yang terdiri dari 4.778 karyawan internal 6,421 employees, consisting of 4,778 internal employees (kontrak dan tetap) dan 1.643 karyawan Non-Banking Staff (permanent and contract) and 1,643 Non-Banking Staff in yang pengelolaannya dilakukan melalui kerja sama dengan which the management was conducted in collaboration with pihak ketiga (outsourcing). the third parties (outsourcing).

Jumlah SDM di tahun 2014 mengalami peningkatan sebesar This total number of Human Capital increased by 23.45% 23,45% jika dibandingkan dengan total Human Capital di compared to the total Human Capital of the Company in 2013 tahun 2013 yang berjumlah 5.201 yang terdiri dari 3.599 which was at 5,201 employees, consisting of 3,599 interal karyawan internal dan 1.602 Non-Banking Staff. employees and 1,602 Non-Banking Staff.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 83 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Berikut adalah komposisi karyawan berdasarkan level, latar The followings are the composition of employees based on belakang pendidikan, usia dan status kepegawaian pada 2014: position level, educational background, agem and employment status in 2014:

Komposisi karyawan berdasarkan level jabatan Employee’s composition based on position level Jabatan No 2014 2013 2012 Position

1 Komisaris / Commissioner 3 3 3 2 Direksi / Director 6 6 6 3 Manajer / Manager 1.307 1.077 1.008 4 Staff 3.433 2.481 2.526 5 Non Staff 1.672 1.634 1.627

Komisaris Direksi Manajer Staf Non Staf Commissioner Director Manager Staff Non Staff

3.433 1.307 1672 6 6 6 1.077 1634 2.526 1627 1.008 3 3 3 2.481

2012 2013 2014 2012 2013 2014 2012 2013 2014 2012 2013 2014 2012 2013 2014

Pada level Manager terdapat peningkatan yang cukup signifikan In the Manager level, there was a significant increase by 2135% sebesar 21.35%, dari tahun sebelumnya. Demikian pula pada from the previous year. The same as the Staff level which also level staf yang telah mengalami peningkatan sebesar 38.37% showed an increase of 38.37% from 2,481 employees in 2013 dari sebelumnya 2.481 orang menjadi 3.433 orang. to 3,433 employees in 2014.

Komposisi karyawan berdasarkan latar belakang Employee’s composition based on educational pendidikan background Latar Belakang Pendidikan No 2014 2013 2012 Eduction

1 Pasca Sarjana / Master Degree 74 65 60 2 Sarjana / Bachelor 3.420 2.672 2.615 3 Diploma / Diploma 712 507 506 4 SMA / High School 2.147 1.862 1.893 5 Lain lain / Others 68 95 96

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Pasca Sarjana Sarjana Diploma SMA Lain-lain Master Degree Bachelor Diploma High School Others

3.420 712 2.147 74 1.893 96 507 1.862 95 506 65 2.672 68 60 2.615

2012 2013 2014 2012 2013 2014 2012 2013 2014 2012 2013 2014 2012 2013 2014

Dari sisi pendidikan, pada 2014 terdapat peningkatan pada In the education front, there was an increase in the employees Level Pasca Sarjana sebesar 13.85% dan Level Sarjana sebesar who have postgraduate degree by 13.85% and employees 27.99%. Dengan adanya peningkatan level pendidikan ini, who have bachelor’s degree by 27.99%. With such increase diharapkan kedepan muncul karyawan-karyawan dengan in this segment, it was expected that in the future there will pemikiran dan gagasan-gagasan yang baru guna melakukan be employees with new ideas and innovations for creating terobosan-terobosan dalam mencapai Visi dan Misi perusahaan. breakthrough in order to actualize the Company’s vision and mission.

Komposisi Karyawan berdasarkan Usia Employee’s composition based on age Usia No 2014 2013 2012 Age

1 20 - 30 tahun / years old 4.008 3.454 3.488 2 30 - 40 tahun / years old 1.865 1.282 1.234 3 >40 tahun / years old 548 465 448

20-30 30-40 >40

4.008 1.865 548 3.488 3.454 465 1.282 448 1234

2012 2013 2014 2012 2013 2014 2012 2013 2014

Dilihat dari sisi pendiriannya, PT. Bank Sinarmas Tbk. yang Despite the fact that the Bank has only been operating for 9 baru berusia 9 tahun memiliki karyawan khususnya pada level years, the majority of its employees - particularly in the level staf yang masih sangat muda yaitu berada pada range usia of staff consists of young people that are in the age range of

Annual Report 2014 | PT. BANK SINARMAS Tbk. 85 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

20-30 tahun. Sementara range usia di atasnya, secara umum 20-30 years old. While the ranges above it generally fills the diduduki oleh posisi-posisi yang lebih tinggi atau berada pada higher position or in the Managerial level. With the dominance level Manajerial. Dengan mayoritas Human Capital yang masih of young Human Capital, PT. Bank Sinarmas Tbk. has an muda, maka PT. Bank Sinarmas Tbk. masih memiliki peluang opportunity to develop the potential of its employees so as to yang sangat tinggi untuk menggali dan mengembangkan be able to face challenges in the business competition fairly and potensi-potensi yang ada pada diri karyawan, sehingga able to grow and improve together with the Company. mampu untuk menghadapi tantangan dalam persaingan bisnis yang sehat, serta dapat bertumbuh dan berkembang secara bersama-sama dengan perusahaan.

Komposisi Karyawan berdasarkan status kepegawaian Employee’s composition based on employment status Status Karyawan No 2014 2013 2012 Employees Status

1 Pegawai Tetap / Jobholder 2391 2153 1855 2 Pegawai Kontrak / Employee Contract 2387 1446 1722 3 Outsourcing 1643 1602 1593

Pegawai Tetap Pegawai Kontrak Outsourcing Jobholder Employee Contract Outsourcing

2391 2387 1643 1722 2153 1602 1446 1855 1593

2012 2013 2014 2012 2013 2014 2012 2013 2014

Jumlah pegawai tetap pada 2014 mengalami peningkatan Total permanent employees on the Bank in 2014 increase by sebesar 11,05% dari tahun sebelumnya, serta jumlah pegawai 11.05% compared with the previous year while total contract kontrak mengalami peningkatan cukup signifikan sebesar employees increased significantly by 65.08% from 2013. 65,08% dari pada 2013.

Komposisi Karyawan berdasarkan Jenis Kelamin Employee’s composition based on gender Jenis Kelamin No 2014 2013 2012 Gender

1 Perempuan / Female 2.548 2.154 2.146 2 Laki-laki / Male 3.873 3.047 3.024 3 Jumlah / Total 6.421 5.201 5.170

86 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Perempuan Laki-laki Female Male

2.548 3.873

2.146 2.154 3.024 3.047

2012 2013 2014 2012 2013 2014

Pendidikan & Pelatihan dalam rangka Education and Trainings in Order to pengembangan Karyawan Develop Employees’ Skills Peraturan Bank Indonesia Nomor 31/310/KEP/DIR 1999 The Regulation of Bank Indonesia Number 31/310/KEP/ mewajibkan Bank untuk penyediaan dana pendidikan guna DIR 1999 obliged the Bank to allocate fund for education to pengembangan SDM. Pada 2014, Bank Sinarmas sudah develop its Human Capital in all aspects. Thus, in 2014, Bank mengivestasikan dana pendidikan sebesar 5,27% dari Biaya Sinarmas invested fund for education amounting to 5.27% Tenaga Kerja, lebih dari yang diwajibkan oleh Regulator of the Employee’s Expenses, exceeded the number set by Perbankan. Dana tersebut diinvestasikan untuk usaha-usaha the Regulators of Banking Industry. The fund was invested pelatihan dan pengembangan Human Capital Bank. for various efforts of training and development of the Bank’s Human Capital.

Seiring dengan laju perkembangan Bank, dalam rangka In line with the development of the Bank and in an effort pemenuhan kebutuhan SDM yang berkualitas, Learning to meet the needs for qualified Human Capital, the Bank’s Center menerapkan program pendidikan dan pelatihan guna Learning Center had prepared a series of education and training mendukung Bank dalam mencapai kinerja yang diharapkan. programs in order to provide support for the Bank to rach the expected performance.

Selama 2014, program pendidikan dan pelatihan di Learning During 2014, the education and training programs that are Center terfokus pada pelaksanaan pelatihan yang bersifat conducted in the Learning Center were focused on carrying out operasional atau spesifik, sertifikasi, serta pelatihan motivasi. operational trainings as well as the specific ones, improving skills Learning Center Bank Sinarmas telah menyelenggarakan 15 for certification process, and motivational trainings. Learning jenis program pelatihan rutin dan 9 pelatihan pendukung Center of the Bank had conducted 15 routine programs dengan total pelaksanaan sebanyak 66 kelas. Pencapaian and 9 supporting trainings with total class implementations angka rata-rata untuk jumlah waktu pembelajaran pada 2014 amounting to 66 classes. The average rate of the total educating sebesar 6,65 mandays per karyawan. Pencapaian ini lebih besar periods in 2014 amounting to 6.65 mandays per employee. dibandingkan angka rata-rata untuk training mandays pada This achievement is higher compared to the average rate of 2013 sebesar 6.19 mandays. training mandays in 2013 amounting to 6.19 mandays.

Proses pembelajaran Bank Sinarmas dilaksanakan melalui The educating process of Bank Sinarmas was implemented pertemuan tatap muka dan via online atau e-Learning. through face-to-face meeting and via online or e-learning. The Komposisi jumlah peserta program pengembangan yang sudah composition of participants of the development programs that dijalankan adalah sebagai berikut: had been carried out is as follows:

Annual Report 2014 | PT. BANK SINARMAS Tbk. 87 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Pelatihan / Trainings 2014 2013

Kelas/Tatap Muka / Class/Face-to-face Meeting 2.603 1.806 e-Learning 1.256 559 Jumlah 3.939 2.365

Program pelatihan rutin yang sudah dijalankan adalah sebagai Routine training programs that had been implementes are as berikut: follows: Judul Pelatihan Target Peserta Utama Jumlah Peserta No Training Title Main Participant Target Total Participants

Semua Pejabat Bank Sinarmas yang ditetapkan oleh Manajemen untuk memiliki sertifikasi UKMR Uji Kompetensi Manajemen Resiko / 1 All Executive Officers of Bank Sinarmas that have been 336 orang/people UKMR level 1 - 5 determined by the Management to possess UKMR Certification Karyawan rekrutmen baru dari luar, atau dari internal guna menjadi Micro Financing Sales Officer (MFSO) 2 Retail Banking 233 orang/people New recruitment from external or internal Company to be the Micro Financing Sales Officers (MFSO) Wakil Agen Penjual Efek Reksa Dana 3 Branch Manager (BM) dan Sub Branch Manager (SBM) 192 orang/people / WAPERD Karyawan rekrutmen baru dari luar, atau dari internal untuk dipersiapkan guna menjadi Kader Pimpinan Bank Management Development Program Sinarmas di masa mendatang 4 171 orang/people / MDP New recruits, either from the external or the internal Company, that are prepared to be the future leaders of Bank Sinarmas Semua Karyawan mulai dari Direksi sampai dengan level Section Head / Supervisor direncanakan secara bertahap untuk mengikuti training motivasi ini. 5 More Precious Than Gold / MPTG 114 orang/people All employees from the Board of Directors level to the Section Head/Supervisor level are planned to be given this motivational training in a gradual manner. Karyawan Funding Sales Officer (FSO) di cabang yang akan dipromosikan menjadi SFSO 6 Senior Funding Sales Officer / SFSO 77 orang/people Funding Sales Officers (FSO) in branch offices who will be promoted to SFSO 7 Credit Admin Control / CAC Staf CAC di Cabang / CAC Staff in Branch Office 72 orang/people Karyawan Customer Sales & Service Officer (CSSO), Teller serta karyawan staf back office di cabang yang akan dipromosikan menjadi Supervisor 8 Supervisory Skill 60 orang/people Customer Sales & Service Officers (CSSO), Tellers and back office staffs in branch offices who will be promoted to Supervisor 9 Branch Internal Control / BIC Supervisor Cabang / Branch Supervisor 57 orang/people Karyawan rekrutmen baru dari luar, guna menjadi Customer Sales & Service Officer (CSSO), dan Teller 10 Frontliner 41 orang/people New recruits from external Company to be the Customer Sales & Service Officers (CSSO) Asosiasi Asuransi Jiwa Indonesia Staf marketing Funding di Cabang / Staff marketing 11 40 orang/people (AAJI) Funding in Branch Office

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Judul Pelatihan Target Peserta Utama Jumlah Peserta No Training Title Main Participant Target Total Participants

Karyawan rekrutmen baru dari luar, guna menjadi Funding Sales Officer (FSO) Customer Sales & Service Officer (CSSO), dan Teller. 12 Bank Officer Program (BOP) 27 orang/people New recruits from external Company to be the Funding Sales Officers (FSO), Customer Sales & Service Officer (CSSO), and Tellers. Training Selling Techniques with Branch Manager, Subranch Manager, Relationship 13 Financial Planning Approach for Bank 25 orang/people Manager, SFSO Sinarmas Mahasiswa universitas BINUS yang melakukan magang di Bank Sinarmas 14 BINUS Internship Program 10 orang/people Students of BINUS University who conduct internship in Bank Sinarmas Karyawan rekrutmen baru dari luar, atau dari internal Information Technology Development guna menjadi Staf Divisi Information Technology 15 10 orang/people Program / ITDP New recruits from external Company to be the Staff of Information Technology Division

Bank Sinarmas menyelenggarakan program pelatihan yang Bank Sinarmas conducted various training programs that may dapat membantu karyawan dalam melakukan sertifikasi sesuai support the employees in obtaining certifications as stipulated dengan yang sudah ditetapkan Peraturan Bank Indonesia. Salah in the Regulations of Bank Indonesia. One of the certification satu program sertifikasi yang diikuti oleh Bank Sinarmas adalah programs that is participated by Bank Sinarmas in Risk Sertifikasi Manajemen Risiko. Pada 2014, pelatihan-pelatihan Management Certification. In 2014, trainings conducted by yang diselenggarakan Bank Sinarmas untuk persiapan Uji Bank Sinarmas to prepare for Risk Management Competency Kompetensi Bidang Manajemen Risiko adalah sebagai berikut: Test are as follows:

Judul Pelatihan Jumlah Peserta No Training Title Total Participants

1 Persiapan UKMR Level 1 / Preparation of UKMR Level 1 206 2 Persiapan UKMR Level 2 / Preparation of UKMR Level 2 104 3 Persiapan UKMR Level 3 / Preparation of UKMR Level 3 22 4 Persiapan UKMR Level 4 / Preparation of UKMR Level 4 3 5 Persiapan UKMR Level 5 / Preparation of UKMR Level 5 1

Selain itu, diselenggarakan juga pelatihan-pelatihan kelas In addition, the Company also conducted several additional tambahan yang mendukung program-program pelatihan di training classes that support the abovementioned training atas, antara lain: programs, namely: Judul Pelatihan Target Peserta Utama Jumlah Peserta No Training Title Main Participant Target Total Participants

Staf Back Office, Supervisor, Head Operation, Regional Operation Manager (ROM), Satuan Kerja Audit Internal Sosialisasi LBU dan LLD / Dissemination 1 (SKAI), dan Compliance / Backoffice Staffs, Supervisors, 200 orang/people of LBU and LLD Head Operations, Regional Operation Managers (ROMs), Internal Audit Work Unit (SKAI), Compliance Training Sistem dan Prosedur Kredit Supervisor Mikro, Branch Manager, dan Sub Branch 2 Simikro / Sharing Session with PPATK Manager / Micro Supervisors, Branch Managers, Sub- 141 orang/people Executive Officers Branch Managers

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Judul Pelatihan Target Peserta Utama Jumlah Peserta No Training Title Main Participant Target Total Participants

Sharing Session pejabat PPATK / Risk Management, Legal, SKAI, Compliance, dan Anti 3 Sharing Session with PPATK Executive 75 orang/people Fraud Officers Sosialisasi Anti Fraud, Compliance, Legal & E-channel / Dissemination Supervisor dan Frontliner cabang-cabang Jakarta / 4 35 orang/people of Anti Fraud, Compliance, Legal & Supervisors and Frontliners of Jakarta Branch Offices E-channel Direksi, Group Head, Division Head, Staf Strategic & Performance Management, Staf Treasury, dan Staf Financial Planning & Control / Board of Directors, 5 Asset & Liability Management / ALMA 30 orang/people Group Head, Division Head, Strategic & Performance Management Staff, Treasury Staff, Financial Planning & Control Staff Training Office Attire & make up for Team Leader dan Account Officer Thamrin / Team Leader 6 26 orang/people Office and Account Officer of Thamrin Office Micro Financing Sales Officer (MFSO), Micro Financing Sales Supervisor (MFSS), Branch Manager (BM) dan Sub Analisa Pembiayaan Usaha Mikro / 7 Branch Manager (SBM) / Micro Financing Sales Officers 25 orang/people Analysis of Micro Enterprise Financing (MFSOs), Financing Sales Supervisors (MFSSs), Branch Managers (BMs) and Sub-Branch Managers (SBMs) First Aid (Training Keamanan dan Keselamatan Kerja) / First Aid Staf dan Section Head Divisi - Divisi Kantor Pusat / Staff 8 23 orang/people (Occupational Safety and Security and Section Head of various divisions in Main Office Training) Team Leader, Credit Analyst, dan Risk Management / 9 Credit Assessment Training (ICRA) 20 orang/people Team Leaders, Credit Analysts, Risk Management

Learning Center juga mendukung program penerimaan Learning Center also supports the On-Boarding Program by karyawan (On-Boarding Program), dengan memberikan providing education through e-Learning facility to 3 Frontliners. pendidikan melalui fasilitas e-Learning kepada 3 posisi Detail on the total participants that were given trainings during Frontliner. Total jumlah Peserta yang diberikan pembekalan 2014 is as follows: selama 2014, sebagai berikut: Rekrutmen Baru Jumlah Peserta No New Recruitment Total Trainee

1 Funding Sales Officer Trainee (FSOT) 941 orang/people 2 Customer Sales & Service Officer Trainee (CSSOT) 209 orang/people 3 Teller Trainee 106 orang/people

Menindaklanjuti kerja sama dengan institusi pendidikan di Following up the cooperation with educational institutions in tahun sebelumnya, Bank Sinarmas menunjukkan komitmen the previous year, Bank Sinarmas demonstrated its commitment dengan melakukan pengembangan kerja sama serupa pada by developing similar cooperation in 2014 with several other 2014 dengan beberapa institusi pendidikan, sebagai berikut: educational institutions, as follows: Institusi Pendidikan Kerjasama No Education Institution Cooperation

1 Gadjah Mada University Basic/General Banking Training for MDP 2 Prasetiya Mulya University Bank Visit • •

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Institusi Pendidikan Kerjasama No Education Institution Cooperation

3 Bina Nusantara University Internship 3+1 Program MDP Recruitment 4 Boston School of Banking • Basic/General Banking Training for MDP • • • Universitas Gadjah Mada, melalui kerja sama pengajaran • Gadjah Mada University, through cooperation in lecturing yang dilakukan oleh Universitas Gadjah Mada dan Bank performed by Gadjah Mada University and Bank Sinarmas, Sinarmas, untuk Peserta Program Training MDP 46 for Participants of MDP Training Program amounting to sebanyak 30 Peserta. Tahun 2014 merupakan awal kerja 30 participants. 2014 marked the start of the cooperation sama antara kedua belah pihak, dan diharapkan berlanjut between both parties and it is expected that the cooperation di tahun-tahun berikutnya. will continue in the future.

• Prasetiya Mulya University, melalui kerja sama pertama • Prasetiya Mulya University, through the initial cooperation dalam bentuk Bank Visit, yakni kunjungan ke Kantor in the form of Bank Visit, which was a visit to Bank Cabang Tanah Abang - Bank Sinarmas, oleh mahasiswa Sinarmas’ branch office in Tanah Abang conducted by fifth Prasetiya Mulya University jurusan Finance semester 5 semester students of Prasetiya Mulya University who took yang mengikuti mata kuliah Bank Management. Dalam Bank Management lecture. In the visitation, the participants kunjungan tersebut, Peserta belajar mengenai praktik learned about Bank Sinarmas’ Loan Management practices Loan Management Bank Sinarmas, kemudian dilanjutkan delivered by Mr. Anula Putra. The participants then visited pengamatan ke Banking Hall KC Tanah Abang, ke bagian Banking Hall of Tanah Abang Branch Office, particularly to Customer Service dan Teller, dengan pengawasan dari the Customer Service and Teller Divisions. This activity was Branch Manager dan Head of Operation Bank setempat. supervised by the Branch Manager, Mr. Bobby Santoso, Kerja sama ini tidak menutup kemungkinan berlanjut and Head of Operations, Mr. Verdi Edwardi. In the future, melalui sharing knowledge dan Best Practice dalam bentuk it is possible that this cooperation will be continued with kuliah oleh praktisi Bank Sinarmas di kemudian hari. sharing knowledge and Best Practice in the form of guest lecturing activity by Bank Sinarmas.

• Bina Nusantara University, melalui kerja sama Program • Bina Nusantara University, through the cooperation in Internship 3+1 BINUS-BSIM. Dalam program ini, mahasiswa 3+1 BINUS-BSIM Internship Program. In this program, the belajar selama 3 tahun di Bina Nusantara University, students will study for 3 years at Bina Nusantara University dan pada tahun akademik terakhir mereka melakukan and in their last academic year, the students will carry out internship/magang di Industri terkait. Peserta program ini internship in the related Industry. This year, the participants adalah mahasiswa semester 6 jurusan Computer Science of the program were sixth semester students of Computer yang menjadi karyawan magang di Group IT, Bank Sinarmas, Science Department that became internship employees in dengan pengawasan dari 3 orang Mentor dari divisi terkait. the IT Group of the Bank. Their activities were supervised by 3 Mentors from the related divisions, Mr. Florian Kurniadhi, Mr. Irwan Wijaya, and Ms. Rosalin Arsianti.

Peserta Internship bertugas untuk membuat program The internship participants had a responsibility to create an bantu/aplikasi sesuai kebutuhan divisi/grup internal Bank application that could support the needs of internal division Sinarmas, sebagai Skripsi atau Tugas Akhir dari kurikulum of Bank Sinarmas. This program was counted as their strata S1 di Bina Nusantara University. Final Project or Skripsi to graduate from Bina Nusantara University.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Semua staf dan All staffs and managements manajemen Bank Sinarmas of Bank Sinarmas have memiliki kesamaan visi the common vision and dan komitmen untuk commitment to becoming menjadi mitra terbaik bagi the best partners for the nasabah. customers.

• Boston School of Banking, melalui kerja sama pengajaran • Boston School of Banking, through teaching cooperation untuk Peserta Program Training MDP yang dilakukan oleh with the Participants of MDP Training Program between Boston School of Banking dan Bank Sinarmas. Melanjutkan Boston School of Banking and Bank Sinarmas. Following kerja sama tahun-tahun sebelumnya melalui Program up the previous years’ program, i.e MDP Training Program Training MDP Boston 1 sampai dengan MDP Boston 4, of Boston 1 to Boston 4; thus, in 2014 the program was maka di tahun 2014 diwujudkan melalui pengajaran untuk expanded with the MDP Marketing 1 and 2. MDP Pemasaran 1 dan 2.

Berikut adalah testimoni dari Peserta Internship: This is a testimonial from one of the participants of Internship program: “Bank Sinarmas memberikan pengalaman bekerja yang luar “Bank Sinarmas provided an extraordinary working experience. biasa, kami terlengkapi dengan pengetahuan dasar Perbankan We are provided with basic knowledge on Banking industry and dan pengembangan soft skills yang memadai. Di Bank Sinarmas adequate trainings to develop our soft skills. At Bank Sinarmas, kami benar-benar mengaplikasikan pengetahuan kami menjadi we really apply our knowledge and hone it into real technical ketrampilan teknis nyata. Dan kami merasa nyaman bekerja di experiences. We find comfort in working with Bank Sinarmas Bank Sinarmas, karena lingkungan kerjanya yang bersahabat.” because of the hospitable work environment.”

Employee Engagement Sebagai Elemen Employee Engagement as the Key Penting Dalam Proses Transformasi Element in Transformation Process Sebagai bagian dari upaya mendukung transformasi yang As a part to support the transformation of the Company, Human sedang dijalankan oleh Perseroan, dukungan human capital Capital development must be carried out. Hence, the year of menjadi hal yang mutlak dilakukan dalam pengembangan 2014 marked as a progressive turning point for the planning, SDM. Tahun 2014 menjadi titik tolak yang progresif dari management, and development of Human Capital that was perencanaan, pengelolaan dan pengembangan human capital directed for performance enhancement of Bank Sinarmas. untuk diarahkan pada peningkatan kinerja Bank Sinarmas.

92 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Strategi pengembangan di bidang Human Capital telah Strategy for the development of Human Capital had been diselaraskan dengan visi dan strategi Perseroan dari seluruh aligned with the Company’s vision and strategy, started from tahapan lifecycle yang dimulai dari pengembangan organisasi the Organizational Development to the Talent Management (Organizational Development) hingga pengelolaan talent & Succession. In terms of talent management, Bank Sinarmas dan suksesi (Talent Management & Succession). Dalam focused on character development and improvement of hal pengelolaan talent, Bank Sinarmas berfokus pada leadership culture that supported transformations, as well as pembangunan karakter dan budaya kepemimpinan yang improvement of leaders’ roles as the managers in each work mendukung transformasi, serta peningkatan peran pemimpin unit. sebagai leaders dan managers di setiap unit kerja.

Berpegang pada dasar-dasar kriteria dan profil talent By upholding the basics of talent criteria and profiles that had yang telah disusun pada tahun sebelumnya, Bank telah been compiled in the previous year, Bank Sinarmas had mapped melaksanakan pemetaan potensi secara menyeluruh terhadap the overall potentials of Bank’s leaders through an assessment para pemimpin Bank melalui kegiatan asesmen. Tahun 2014 activity. The Bank had improved Management Performance telah disempurnakan pula sistem Performance Management system in 2014 through the Key Performance Indicator (KPI) that melalui Key Performance Indicator (KPI) bagi pejabat-pejabat is applied to all executive officers of Branch Office and has been Cabang yang disesuaikan dengan perkembangan bisnis terkini adjusted to the most recent business development of the Bank. Bank. Komponen potensi dan KPI menjadi sumber yang The potential components and KPI served as comprehensive komprehensif dalam proses pengelolaan kinerja karyawan yang sources in employee’s performance management process that akan diarahkan dalam proses suksesi. was directed to the succession process.

Penekanan program engagement telah difokuskan sejak 2013 Focus on engagement program had been carried out since 2013 dan akan terus dilanjutkan pada 2015 mendatang. Program ini and will be continued to 2015. This program will be started akan dimulai dengan kegiatan survey employee engagement with employee engagement survey activity that is performed yang dilakukan secara internal di bagian pengembangan. internally as a part of development process. It is expected that

Annual Report 2014 | PT. BANK SINARMAS Tbk. 93 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Diharapkan pada hasil akhir survey akan menghasilkan program the survey will result in an improvement program to raise the implementasi lanjutan peningkatan level of engagement setiap level of engagement of each employee. karyawan.

Selain itu, dalam rangka meningkatkan kepedulian terhadap Moreover, as an effort to improve the Bank’s awareness of the kesejahteraan karyawan dan mempertahankan karyawan yang employee’s welfare and to maintain potential employees,in2014 potensial, maka pada 2014 ini Bank berpartisipasi sebagai the Bank participated in Reward Survey program that was peserta dalam mengikuti Reward Survey yang diselenggarakan conducted by international consultants. Its purpose was for the oleh konsultan bertaraf international, yang bertujuan agar Bank to have the most recent benchmark for compensation and Bank memiliki perbandingan kompensasi dan benefit yang benefit values that can be utilized to update Bank Sinarmas’ lebih terkini sehingga dapat digunakan untuk memperbarui reward strategy and to be the basis for drafting a more strategi reward Bank Sinarmas, dan dapat menjadi landasan competitive benefit compensation for the employees. penyusunan kompensation benefit yang lebih kompetitif.

Kesejahteraan Karyawan Employee’s Welfare Untuk mendukung kegiatan usaha, Perseroan memastikan To support business activities, the Company ensures that berjalannya sistem pengelolaan Human Capital (HC) dengan the management system of Human Capital (HC) is running baik, termasuk tentang pemberian kompensasi dan benefit effectively, including the provision of compensation and benefit untuk memastikan kesejahteraan karyawan. Terkait dengan for employee’s welfare. Pertaining to the welfare of employee, kesejahteraan karyawan, fasilitas dan benefit yang diberikan facilities and benefits that are given to all employees are as kepada karyawan, antara lain: follows: • Tunjangan Jabatan; • Position Allowance • Tunjangan Daerah Khusus; • Special Region Allowance • Tunjangan Penugasan Sementara; • Temporary Duty Allowance • Tunjangan Cuti Besar; • Grand Leave Allowance • Tunjangan kesehatan; • Health Allowance • Tunjangan Pernikahan; • Marriage Allowance • Jasa Produksi dan Tunjangan Hari Raya; • Production Service and Religious Day Allowance • Kendaraan dinas dan pemeliharaannya; • Vehicles for duty and its maintenance • Alat komunikasi dan penggantian pulsa; • Communication device and phone credit • Pinjaman dengan bunga rendah; • Loan with low interest • BPJS Ketenagakerjaan; • Employment Social Security Administrative Bodies (BPJS • BPJS Kesehatan. Ketenagakerjaan) • Health Social Security Administrative Bodies (BPJS Kesehatan)

94 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Testimoni Karyawan Testimonials From Employees

BINUS-BSIM 3 + 1 INTERSHIP PROGRAM BINUS-BSIM 3 + 1 INTERSHIP PROGRAM

“Selama masa training di Bank Sinarmas, saya mendapatkan “The training period at Bank Sinarmas, I got lots of knowledge banyak sekali wawasan yang selama ini belum saya dapat. that I never even know before. The Learning Center (LC) gave Pihak Learning Center (LC) memberikan training seputar me various trainings regarding general knowledge about pengetahuan umum tentang bank. Tenaga pengajarnya banking industry. The lecturers were various practitioners who pun langsung dari praktisi yang bergerak di bidang mereka, were very experienced in their fields. So, I was able to quickly sehingga dalam proses pengajaran saya dapat dengan cepat learn and absorb the lessons that were given menyerap wawasan tersebut. .

Pihak LC tidak hanya memberikan training perihal bank The LC provided me not only with training about bank, but saja. Mereka menyediakan training untuk kemampuan also various soft skill trainings such as presentation skill, basic softskill, seperti presentation skill, basic leadership, dan leadership, and project management. BSIM understands that project management. BSIM mengetahui bahwa untuk in order to create smart human resources, hard skill is not the dapat membentuk sumber daya manusia yang cerdas, tidak only ability needed, but also the soft skill that can support the hanya pintar dalam hardskill saja, melainkan juga harus employeesí performance.” - Marcello Dwianto mengembangkan softskills mereka.” - Marcello Dwianto

“Exactly one year as the internship participant in Sinarmas Bank “Exactly one year as the internship participant in Sinarmas Bank was a great and valuable experience. It was our very first step was a great and valuable experience. It was our very first step into the real industry world and the company gave us many into the real industry world and the company gave us many insights and learning. Most importantly, is the value. The insights and learning. Most importantly, is the value. The company’s values that we adopted, we will always be keeping company’s values that we adopted, we will always be keeping those values in our journey. Those values will lead our journey those values in our journey. Those values will lead our journey ahead, and that makes our deepest gratitude to Sinarmas Bank ahead, and that makes our deepest gratitude to Sinarmas Bank will never fade. Thank you for everything :)” will never fade. Thank you for everything :)” - Fanny Andriani - Fanny Andriani

Annual Report 2014 | PT. BANK SINARMAS Tbk. 95 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

TESTIMONI MITRA USAHA Testimonials from Business Partners

Nama Debitur / Debtor Name : Yayuk Supriyanti, 44 Tahun/ Years Old Menjadi Debitur Sejak / A debtor since : 2014 Kantor Cabang / Branch Office : Salatiga Usaha / Business : Warung Makan Bu’e Sasa Alamat / Address : Jl. Karang Duwet RT.009 RW.011 Salatiga

“Atas bantuan dari Bank Sinarmas sekarang usaha saya lancar “With Bank Sinarmas’ help, my business is running well now. lho. Alhamdulilah semakin laris dan banyak yang cocok dengan Thank God, many people love my food. I hope this blessing masakan saya. Semoga rezeki yang telah diberikan Allah SWT from Him through Bank Sinarmas will also be extended to Bank kepada saya melalui Bank Sinarmas ini dapat memberikan Sinarmas Salatiga. Maturnuwun kagem sedaya mas mba saking kelancaran juga kepada Bank Sinarmas Salatiga. Maturnuwun Bank Sinarmas Salatiga (Thank you very much for all personnel kagem sedaya mas mba saking Bank Sinarmas Salatiga” of Bank Sinarmas Salatiga).”

Ibu Yayuk Supriyanti memiliki semangat tinggi dan pantang Unyielding commitment, coupled with high spirits, encouraged menyerah. Ide awal usaha yang didirikan istri dari bapak Sugeng Ms. Yayuk Supriyanti to develop its small business. The idea for Hariyadi ini berasal dari keterbatasannya dalam memenuhi small establishment of the wife of Mr. Sugeng Hariyadi initially kebutuhan keluarga karena sang suami hanya berprofesi came when she realized her limitations in meeting her family sebagai buruh. Sisa tanah yang dimilikinya dimanfaatkan needs due to her husband’s profession as a mere laborer. Thus, untuk dijadikan warung kecil, namun tetap nyaman bagi para she utilized the little space of land in the house and established pelanggannya. a small, but cozy food stall.

Warung Makan yang buka dari pukul 08.00 - 20.00 WIB The food stall which opens from 8 am to 8 pm is abel to provide ini mampu memberikan omzet rata-ata per hari sebesar average turnover amounting to Rp500,000 - Rp600,000 per Rp500.000-Rp600.000. Bu Yayuk dibantu oleh 2 pegawainya day. Ms. Supriyanti is assisted by 2 of her neighbors as the cook yang masih tetangga satu kampung sebagai juru masak dan and cupbearer and they are paid daily. juru minum, yang upahnya diberikan secara harian.

Berawal dari brosur saat canvasing tim mikro Bank Sinarmas After seeing the brochure that was distributed in the canvassing Salatiga, ibu Yayuk langsung menyatakan minatnya untuk activity of the micro team of Bank Sinarmas Salatiga, Ms. bergabung menjadi keluarga Bank Sinarmas Salatiga karena Supriyanti quickly decided that she wanted to join with the didasarkan dengan niatnya untuk merenovasi lokasi usaha Bank. Her decision was based on the intention to renovate serta menambah modal usaha agar menu masakan dapat her stall and to expand her working capital so that the menu lebih bervariasi pilihannya. Setelah menerima tambahan served at the stall could be more varied. After receiveing the modal tersebut, Bu Yayuk merenovasi warung makannya agar additional capital, she renovated her food stall so as to be terlihat lebih eyecatching sehingga menarik para pelanggan more eyecatching and able to attract more customers. She also dan menambah menu yang semakin beragam membuat para diversified the food that was sold at the stall; thus her customers pelanggan tidak bosan-bosan untuk singgah sejenak. would not be bored with her food and would always come.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Nama Debitur / Debtor Name : Widodo, 38 Tahun/ Years Old Menjadi Debitur Sejak / A debtor since : 2014 Kantor Cabang / Branch Office : - Usaha / Business : KUD Anggrek Alamat / Address : -

“Dengan adanya program pinjaman dari Bank Sinarmas, hutang “With the loans from Bank Sinarmas, I can settle debts on other dari bank lain tertutupi sehingga angsuran yang sebelumnya besar banks and the large installments can be minimized.” dapat diperkecil.”

Bapak Widodo, lahir di Klaten, 21 Januari 1976, merupakan anak Mr. Widodo, born in Klaten on January 21, 1976, is the first child pertama dari lima bersaudara. Putra dari Bapak Kardi dan Ibu of five, son of Mr. Kardi and Ms. Suliyem, and currently is the head Suliyem saat Ini menjabat sebagai ketua dari KUD Anggrek. Pria of KUD Anggrek. He graduated from the Islamic University of Riau yang merupakan Sarjana Ekonomi Manajemen, Universitas Islam with a degree in Economics, and at the present he focuses all his Riau, saat Ini lebih fokus ke bidang usaha yang berhubungan attention to his business which is related to oil palm plantations. dengan bisnis perkebunan kelapa sawit.

Selain memiliki beberapa kebun kelapa sawit (baik yang bekerja In addition to owning several oil palm plantations (either in sama dengan Bank Sinarmas maupun pribadi), Bapak Widodo juga cooperation with Bank Sinarmas or personally owned), Mr. memiliki bidang usaha penampungan buah serta usaha di bidang Widodo also owns business of fruit holding and business in the transportasi buah kelapa sawit. Bapak dari 2 orang putri (Diah ayu field of oil palm fruit transportation. Mr. Widodo is the father of 2 pratiwi Dan Ika putri wulandari) selalu didampingi oleh sang istri daughters (Diah Ayu Pratiwi and Ika Putri Wulandari) and is always yang bernama Ibu Susi Aningsih dalam menjalankan tugasnya accompanied with Ms. Susi Aningsih n conducting his duties as the sebagai ketua KUD dan juga wirausaha perkebunan kelapa sawit. Head of KUD (Koperasi Unit Desa / Village Cooperatives) and in running his oil palm business.

Menurut Bapak Widodo, awalnya kondisi KUD cukup According to him, the condition of the KUD in the beginning memperihatinkan di mana selain ada pinjaman lembaga (untuk was quite poor. In addition to big loans (for the establishment of pembangunan kantor maupun usaha mini market), anggota di office and mini market), several members of KUD Anggrek also bawah KUD Anggrek juga mengalami masalah ekonomi yang suffered from economic problems and could not meet the needs belum mencukupi kehidupan rumah tangganya karena besarnya of their families due to the large amoung for installments in other angsuran di bank lain. Saat ini, kondisi keuangan KUD telah relatif banks. Fortunately, the condition of KUD nowadays has been lebih stabil dan masyarakat khususnya di bawah KUD Anggrek relatively stable. The members of KUD are also benefited and make telah banyak melakukan investasi pada lahan perkebunan. investments in plantation business.

Bapak Widodo sangat berterimakasih kepada Bank Sinarmas atas Mr. Widodo is very grateful to Bank Sinarmas for the aid and help bantuan yang diberikan selama ini dan Beliau sangat berharap kerja given to him and KUD Anggrek. He hopes that the partnership sama yang telah terjalin sangat baik selama Ini dapat berkelanjutan. nurtured nowadays wil bring more sustainable benefits in the Selain di lokasi KUD anggrek yang telah dipasang mesin ATM Bank future. Aside from providing ATM unit of Bank Sinarmas which Sinarmas, Bapak Widodo juga berharap program payroll anggota was positioned at the KUD, Mr. Widodo also hopes that the payroll dapat di-handle oleh Bank Sinarmas, selain itu dari Bank Sinarmas program for the members can be handled as well by Bank Sinarmas, juga menyediakan program pengembangan KUD. in addition to the KUD development program from the Bank.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 97 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

TEKNOLOGI INFORMASI Information Technology

Manajemen menyadari bahwa Teknologi Informasi sangat The management is aware of the fact that Information berperan besar dalam kegiatan perbankan baik operasional Technology is one of the most essential factors in banking dan non operasional. Selama 2014, Bank Sinarmas terus business, either in operations or non-operations. During meningkatkan kinerja unit kerja IT sehingga dapat terus 2014, Bank Sinarmas continues to improve the performance mendukung perkembangan Bank yang dapat meningkatkan of IT Department so as to be able to support the continuous daya saing Perusahaan. Teknologi yang diimplementasikan development and improve the competitiveness of the Bank. berfokus pada peningkatan efektifitas dan efisiensi kerja, serta Focus of the IT development during the year was on the yang berorientasi pada nasabah. improvement of work effectiveness and efficiency that was oriented to customers’ interests.

Dalam rangka mewujudkan cita-cita perusahaan untuk menjadi In an effort to actualize the vision to be the leading Bank in Bank terkemuka di Indonesia, Bank Sinarmas terus melakukan Indonesia, Bank Sinarmas continues to develop Information pengembangan Teknologi Informasi secara berkelanjutan Technology segment in accordance with the Bank’s IT Strategic sesuai dengan IT Strategic Plan (ITSP) Bank. Plan (ITSP).

Pengembangan-pengembangan IT yang telah dilakukan selama IT development that had been carried out throughout 2014, in 2014 sesuai dengan roadmap ITSP, antara lain adalah sebagai line with the ITSP road map, are as follows: berikut : No Jenis Pengembangan IT / Type of IT Development

1 Mengembangkan dan a. EnhancementInternet Banking meningkatkan fitur e-channel Nasabah Bank sudah dapat melakukan Pembukaan Rekening Tabungan melalui untuk semakin meningkatkan Internet Banking Bank Sinarmas, kapanpun dan dimana saja tanpa harus datang pelayanan dan memberikan ke Cabang. Selain itu nasabah yang memiliki produk investasi dapat melihat kemudahan bagi nasabah dalam informasi posisi saldo/portfolio produk investasi yang dimiliki melalui Internet bertransaksi, antara lain: Banking Bank Sinarmas, tanpa harus datang ke Cabang-Cabang perusahaan investement dimana nasabah tersebut membeli produk. Improving and developing Customers of the Bank have been able to open a Savings Account via Internet e-channel features in order to Banking Bank Sinarmas, anytime and anywhere without having to come to enhance service to the customers the Branch. In addition, customers who have investment products can obtain and facilitate their transactions, information on the position of balance / owned portfolio investment products such as: through Internet Banking Bank Sinarmas, without having to come to Branch Offices of investments company where the customers purchased the products. b. EDC/POS Bank Sinarmas Bank Sinarmas menyediakan mesin EDC/POS (Acquirer) yang ditempatkan tersebar di toko-toko di seluruh indonesia sehingga nasabah dapat melakukan pembayaran menggunakan Kartu Kredit dan Kartu Debit Bank Sinarmas (On Us) ataupun menggunakan Kartu Kredit dan Kartu Debit yang diterbitkan oleh Bank lain (yang memiliki logo VISA & Union Pay). Bank Sinarmas provided EDC/POS (Acquirer) machine positioned in various stores across Indonesia Bank Sinarmas provide EDC / POS (Acquirer) placed in shops scattered throughout Indonesia so that customers can make payments using Credit Card and Debit Card of Bank Sinarmas (On Us) or Credit Card and Debit Card of other banks (with the logo of VISA & China Union Pay). c. ATM Non Tunai (KiosK) Menyediakan layanan mesin ATM Non Tunai (KiosK) yang berfungsi sama seperti mesin ATM sehingga memudahkan bagi nasabah yang lebih banyak melakukan transaksi non tunai (info saldo, transfer, pembayaran tagihan, dll). Provision of Non-Cash ATM (KiosK) service with the same function as ordinary ATM to facilitate the customers who want to perform non-cash transaction (balance information, transfer of money, billing payments, etc.)

98 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

No Jenis Pengembangan IT / Type of IT Development

d. CDM/BRM Menyediakan layanan mesin setor tunai yaitu Cash Deposit Machine (CDM)/Bill Recycling Machine (BRM) sehingga nasabah dapat melakukan setoran tunai tanpa harus datang ke Kantor Cabang dan dapat dilakukan kapan saja (24 jam), selain itu nasabah juga dapat melakukan penarikan tunai. Provision of Cash Deposit Machine (CDM)/Bill Recycling Machine (BRM) so that the customers may be able to deposit their money at anytime (24 hours) without having to come to Branch Offices. In addition, the customers may also perform cash withdrawal with these machines. e. Kartu ATM+Debet Union Pay (Issuing) Bank telah bekerja sama dengan jaringan Union Pay sebagai penerbit kartu ATM+Debet sehingga nasabah dapat melakukan transaksi di seluruh mesin ATM ataupun EDC/POS yang memiliki logo UP. Through the cooperation between the Bank and China Union Pay, the Bank has been given the authority to issue ATM+Debit card for the customers so that they may conduct banking transaction on all ATMs or EDC/POS machines that have the logo of CUP on it. f. Bekerja sama dengan Union Pay sebagai Acquirer Kartu Debet dan Kartu Kredit / Cooperate with China Union Pay as Acquirer of Debit Card and Credit Card. Mesin ATM Bank Sinarmas saat ini sudah dapat melayani transaksi kartu debet dan kartu kredit nasabah Bank Sinarmas ataupun nasabah Bank lain yang memiliki logo UP. At present, Bank Sinarmas’ ATMs are able to serve debit and credit transaction of the Bank’s customers as well as customers of other banks that have partnered with CUP. 2 Implementasi sistem S1 CS Dalam meningkatkan pelayanan dan kegiatan operasional perbankan Syariah (Unit Syariah / Implementation of S1 Usaha Syariah), maka Bank telah menyiapkan sistem Customer Service Syariah. CS Sharia system In order to improve operational Sharia banking service and activities (Sharia Business Unit), Sharia Customer Service System has been prepared by the Bank. 3 Enhancement Bill Payment Bank secara terus menerus mengembangkan layanan bill payment yang dimiliki dengan terus meningkatkan kerja sama dengan biller-biller. Nasabah saat ini sudah dapat melakukan pembelian tiket seperti top up travel agent (Lion Air) dan top up BLITZ Card.Bill Payment dapat dilakukan melalui seluruh channel Bank Sinarmas (Internet Banking, Phone Banking, Mobile Banking, ATM, dan Counter Teller di Cabang). The Bank constantly develops its bill payment service through improving the cooperation with billers. At present, the Bank’s customers are able to purchase tickets such as top up travel agent (Lion Air) and to top up BLITZ Card. Bill payment can be conducted through all channels of Bank Sinarmas (Internet Banking, Phone Banking, Mobile Banking, ATM, and Counter Teller at Branch Offices).

Annual Report 2014 | PT. BANK SINARMAS Tbk. 99 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

No Jenis Pengembangan IT / Type of IT Development

4 Implementasi Sales Management Menyediakan system (Lead Management System, Incentive Management System) System / Implementation of Sales untuk mengelola prospek nasabah dan pipeline, sales life cycle, sales resources, Management System kinerja sales dan perhitungan incentive. Dengan demikian dapat meningkatkan produktivitas sales force, proses lebih efektif dan efisien, kinerja sales dapat terpantau dengan baik, insentif dapat dihitung sesuai achievement, dan relationship management terhadap nasabah dapat terkelola dengan baik sehingga kepuasan dan loyalty nasabah meningkat. Provision of Lead Management System and Incentive Management System to manage customers’ outlooks and pipeline, sales life cycle, sales resources, sales performance and incentive calculation. Therefore, productivity of sales force can be improved, sales process can be more effective and efficient, sales performance can be well-monitored, incentive can be calculated in accordance to the achievement, and relationship management to the customers can be well- managed. Hence, customers’ satisfaction and loyalty can improve. 5 Monitoring Center Membangun ruang monitoring untuk Network Operation Center (NOC) sehingga seluruh system dan network infrastructure dapat dimonitor selama 24/7 dan setiap permasalahan dapat ditangani dan dieskalasi dengan cepat untuk mencapai service level. Establishing monitoring room for Network Operation Center (NOC) so that all systems and network infrastructure can be monitored 24/7 and all problems can be handled and settled quickly in order to achieve service level.

T atA Kelola Teknologi Informasi Information Technology Governance Tata kelola TI dimaksudkan sebagai pola dari otoritas atau IT governance is intended as a pattern of authorities or kebijakan terhadap aktivitas TI. Pola ini diantaranya adalah policies for IT Activities. The pattern encompasses policies membangun kebijakan dan pengelolaan IT Infrastructure, and management of IT Infrastructure, efficient, effective and penggunaan TI oleh end-user secara efisien, efektif dan aman, safe utilization of IT by end-user, as well as effective IT Project serta proses IT Project Management yang efektif. Management process.

Tata kelola TI membangun suatu sistem dimana semua IT governance constructs as system in which all stakeholders, pemangku kepentingan, termasuk Direksi dan Komisaris serta including the Board of Directors and Board of Commissioners, pengguna internal dan bagian terkait seperti bagian keuangan, as well as internal user as related sections, such as finance, can dapat memberikan masukan yang diperlukan untuk proses provide inputs that are required for decision making process. pengambilan keputusan. Dengan adanya tata kelola TI yang With good IT governance in a company, numerous IT Processes baik yang berjalan di dalam suatu Perusahaan, maka puluhan and IT Activities can be performed systematically in a controlled IT Process (IT Activities) yang dijalankan dapat berjalan secara and effective manner. It may also reduce operating cost sistematis, terkendali dan efektif. Bahkan dapat secara efisien efficiently and enhance competitiveness. Hence, the aspect of mengurangi biaya operasional dan meningkatkan daya saing. IT management serves as the part of IT strategic plan which Oleh karena itu aspek tata kelola TI merupakan bagian dari will constantly be evaluated and improved so as to be able to rencana strategis TI yang akan selalu dievaluasi dan ditingkatkan continuously support the Company’s strategies and business secara berkesinambungan sehingga dapat selalu mendukung activities. strategi Perusahaan.

Pengembangan Human Capital Bidang IT Development of IT Human Capital Aspek pengembangan karyawan terus dikembangkan dengan The aspect of employee development continues to be carried implementasi e-learning secara berkesinambungan, serta out with the sustainable implementation of e-learning as well komunikasi yang semakin solid di internal Bank dengan adanya as solid communication among the Bank’s internal through

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

fasilitas portal/chatting yang dikoordinasikan dengan help portal/chatting facility that is coordinated with a centralized desk yang tersentralisasi. Perusahaan juga selalu memberikan help desk. The Company also provided relevant trainings to training yang relevan kepada karyawan IT baik softskill maupun all IT employees, either soft skill or hard skill to improve the hardskill untuk selalu meningkatkan kompetensi dari karyawan competencies of IT employees. Furthermore, as an effort to IT. Selain itu dalam memenuhi Human Capital di unit kerja IT, meet the demand for Human Capital in IT Division, the Bank Bank melaksanakan program kaderisasi karyawan baru melalui conducts IT Development Program to educate new employees IT Development Program (ITDP) untuk mendidik calon-calon of IT Division in order to obtain the proper and qualified Human karyawan IT dan mendapatkan Human Capital yang tepat. Capital.

Rencana Strategis 2015 Strategic Plans for 2015 Dalam memasuki tahun 2015, Bank Sinarmas telah menyiapkan As the Bank enters 2015, strategic plans for information rencana strategis teknologi informasi untuk semakin technology have been prepared to improve service to the meningkatkan pelayanan kepada nasabah serta mendukung customers as well as to support the Bank’s business activities kegiatan bisnis dan operasional Bank. Rencana strategis ini and operations. This strategic plan encompasses all IT aspects, mencakup seluruh aspek yaitu Organisasi dan IT Governance, namely Organization and IT Governance, Application, and IT Aplikasi, dan Infrastruktur IT. Infrastructure,

Organisasi & IT Governance Organization and IT Governance 1. Bank akan terus melakukan sosialisasi Visi dan Misi IT 1. The Bank will continue to disseminate IT Vision and Mission kepada seluruh karyawan IT sehingga layanan IT akan selalu to all IT employees so that IT services will always be aligned selaras dengan Visi dan Misi Bank Sinarmas. with the Vision and Mission of Bank Sinarmas. 2. Meningkatkan manajemen proyek IT sehingga proyek- 2. Improve IT project management so that all planned projects proyek yang telah direncanakan berjalan sesuai roadmap IT. can be implemented according to the IT road map. 3. Bank akan terus meningkatkan kualitas layanan IT terhadap 3. The Bank will continue to improve IT service quality to bisnis untuk memastikan Service Level Agreement yang the business in order to ensure a satisfying Service Level memuaskan. Agreement. 4. Memastikan kecukupan kebijakan dan prosedur 4. Ensure the adequacy of IT policies and procedures by penggunaan IT dengan meningkatkan proses kontrol, improving control process and dissemination, as well as review, sosialisasi serta pengkajian secara berkala terhadap periodical review on IT policies. kebijakan-kebijakan IT.

Aplikasi: Application: 1. Enhancement dan improvement sistem ATM Switching 1. Enhancement and improvement of ATM Switching system & sistem Middleware Bank untuk mendukung enterprise & Middleware system of the Bank to assist enterprise ready, ready, stability, robust dan memiliki support yang baik, stability, robust well, as well as to have good support, pengamanan yang memadai dan telah memenuhi standard/ adequate safety and have fulfilled industry standards/ sertifikasi industry (PCI DSS) dan regulasi Bank Indonesia certifications (PCI DSS) and Bank Indonesia’s regulations (NSICCS). (NSICCS). 2. Enhancement layanan internet banking dengan 2. Enhancement of Internet Banking service by developing mengembangkan sistem corporate internet banking corporate Internet banking system so that the corporate sehingga memberikan kemudahan bagi nasabah korporasi customers’ transaction activities will be facilitated without untuk bertransaksi tanpa harus datang ke Cabang. Selain having to come to Branch Office. In addition, enhancement itu juga melakukan enhancement terhadap sistem/platform is also conducted on the systems/platforms used by the yang digunakan. Bank.

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3. Mengembangkan dan menyediakan sistem untuk 3. Develop and provide a system to support the effectiveness mendukung kegiatan operasional dan bisnis Bank yang and efficiency of Bank’s operations and business activities, efektif dan efisien serta mendukung pelaporan dan as well as to support reporting and fulfillment of regulators’ pemenuhan persyaratan regulator, seperti : implementasi requirements such as implementation of Enterprise Data Enterprise Data Warehouse/Business Intelligence, Sistem Warehouse/Business Intelligence, Reconciliation System, Rekonsiliasi, Sistem Pelaporan Bank berbasis XBRL. and XBRL-based Bank’s Reporting System. 4. Melakukan upgrade dan enhancement sistem front end 4. Upgrade and enhance the frontend Teller and Customer Teller dan Customer Service untuk meningkatkan pelayanan Service system to improve service quality to the customers. kepada nasabah.

Infrastruktur IT : IT Infrastructure: 1. Terus meningkatkan security sesuai dengan standard best 1. Improving security in accordance with the best practices practice yang antara lain meliputi infrastructure security, standards, that encompasses, among others, infrastructure application security, security management dan security security, application security, security management and review atas seluruh kebijakan dan prosedur IT. security review over all IT policies and procedures. 2. Meningkatkan manajemen infrastruktur IT sesuai dengan 2. Improving IT infrastructure management in accordance standard technology best practice seperti capacity planning with the best practice technology standard such as capacity sehingga dapat mencapai service level bagi user dengan planning, so as to be able to reach service level for users in cara ‘cost effective’. a cost-effective manner. 3. Meningkatkan proses monitoring dan performance tuning 3. Improving monitoring process and performance tuning sebagai langkah proaktif (mencegah permasalahan) process as proactive steps (to prevent problems) and maupun reaktif (menyelesaikan permasalahan) untuk reactive steps (to settle problems) in order to reach service mencapai service level sesuai kebutuhan bisnis. level in accordance with business requirements.

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Lembaga Profesi Penunjang PASAR MODAL Capital Market Supporting Institutions

Intiland Tower, Lantai 7 Akuntan Publik Mulyamin Sensi, Suryanto, & Lianny Jl. Jenderal , Public Accountant Kav 32 Jakarta - 10220

Sinar Mas land Plaza, Tower I Lantai 9 Biro Administrasi Efek Sinartama Gunita Jl. MH. Thamrin No. 51 Share Registrar Jakarta - 10350

Menara Rajawali, Lantai 6 Perusahaan Pemeringkat ICRA Indonesia Jl. Mega Kuningan Lot #5.1 Jakarta Securities Rating Company 12950

Menara Sudirman Lantai 18 Notaris NOTARIS ARYANTI Jalan Jenderal Sudirman Kaveling 60 Notary ARTISARI, S.H.,M.Kn Jakarta Selatan -12190

Jaringan Network

Hingga tahun 2014, PT. Bank Sinarmas Tbk. telah memiliki As of 2014, PT. Bank Sinarmas Tbk. owned 382 Offices spread 382 Kantor yang tersebar 34 provinsi di lebih dari 157 kota di over the 34 provinces in Indonesia, in more than 157 cities. Indonesia dan rencananya akan terus bertambah dalam rangka It is planned that the Bank’s offices will increase in line with ekspansi bisnis. Bank melakukan perluasan jaringan kantor its business expansion plan. The Bank conducted expansion melalui pembukaan Kantor Cabang, Kantor Cabang Pembantu, of office network through opening Branch Office, Sub-Branch Kantor Kas, dan Kantor Kas Syariah di kota-kota besar di seluruh Office, Cash Office and Sharia Cash Office in large cities across wilayah Indonesia dalam rangka mengembangkan jaringan the country as stipulated in the Bank’s Business Plan. This kantor, sebagaimana yang tercantum dalam Rencana Bisnis expansion is conducted with a purpose of increasing service to Bank. Penambahan kantor ini dilakukan dengan tujuan untuk public, particularly to the customers of the Bank. lebih meningkatkan pelayanan kepada masyarakat, khususnya kepada para Nasabah.

Jaringan Kantor / Office Network 2012 2013 2014 Kantor wilayah / Regional Office 11 12 12 Kantor cabang / Branch Office 67 73 73 Kantor cabang pembantu / Sub-branch Office 109 130 130 Kantor kas / Cash Outlets 85 141 141 Kantor cabang syariah / Sharia Branch Office 1 25 27 Kantor kas syariah / Sharia Cash Outlets 3 10 10 Kantor fungsional / Functional Office 0 1 1 Total jaringan kantor / Total Office Networks 265 380 382

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PETA OPERASIONAL DAN ALAMAT KANTOR CABANG Operational Map and Branch Office Addresses

Nangroe Aceh Darussalam

Sumatera Utara North Sumatera

Kalimantan Timur East Kalimantan Pekanbaru Kep. Riau Riau Island

Sumatera Barat Kalimantan Barat West Sumatera West Kalimantan Kalimantan Tengah Central Kalimantan Jambi Kep. Bangka Belitung Bangka Belitung Island Kalimantan Selatan Sumatera Selatan South Kalimantan South Sumatera Bengkulu Lampung DKI Jakarta Banten Jawa Tengah Jawa Barat Central Java Jawa Timur D.I. Yogyakarya East Java Bali

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Gorontalo

Sulawesi Utara North Sulawesi

Maluku Utara Sulawesi Tengah North Maluku Central Sulawesi

Papua Barat Sulawesi Barat West Papua West Sulawesi Papua Maluku

Sulawesi Selatan South Sulawesi

Nusa Tenggara Timur Nusa Tenggara Barat East Nusa Tenggara West Nusa Tenggara

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Alamat Kantor Cabang Branch Office Address

JARINGAN KANWIL 1 MEDAN - SUMATERA,RIAU & KEP. RIAU REPRESENTATIVE OFFICE NETWORK 1 MEDAN - SUMATERA, RIAU & KEP. RIAU

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Medan - Mangkubumi Jl. Mangkubumi No. 18 , Medan Sumatera Utara 2. Rantauprapat - Imam Bonjol Jl. Imam Bonjol No.4C, Labuhan Batu, Sumatera Utara Sumatera Utara 3. Aceh - Sri Ratu Safiatuddin Jl. Sri Ratu Safiatuddin No. 45 Peunayong, Banda Aceh NAD 4. Padang - Damar Jl. Damar No. 67 A RT.001/004 Olo Ladang Padang Sumatera Barat Barat, Kota Padang, Sumatera Barat 5. Batam - Ruko Nagoya Hiil Komp. Ruko Nagoya Hill Blok P No. 12A, Batam Kep Riau 6. Pekanbaru - Jl. Riau Jl. Riau No. 105, Pekanbaru Riau 7. Tanjung Pinang - Engku Putri Jl. Engku Putri, RT 1, RW 12, Tanjung Pinang, Kep Riau Kepulauan Riau 8. Dumai - Sultan Syarif Jl. Sultan Syarif Kasim No. 239, Kel. Sukajadi, Kec. Riau Dumai Timur, Kota Dumai, Riau 9. Pematangsiantar - Jl. HOS Cokroaminoto No. 21 , Kel Melayu, Kec Siantar Sumatera Utara Cokroaminoto Utara, Kota Pematang Siantar- Sumatera Utara 10. Padang Sidempuan - Citiwalk Komp. Citiwalk Sidempuan Blok C No.10, Sumatera Utara Jl. Merdeka, Kel. Kanti Kec. Padang Sidempuan Utara 11. Sibolga - Sisingamangaraja Jl. Sisingamangaraja No. 74 , Kota Sibolga, Sumatera Sumatera Utara Utara 22532

Kantor Cabang Pembantu / Sub Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Asia - Medan Jl. Asia No. 214C, Medan 20214 Sumatera Utara 2. Krakatau - Medan Jl. Gunung Krakatau No. 46B, Medan 20115 Sumatera Utara 3. Sisingamangaraja - Medan Jl. Sisingamangaraja Km 6,5 (simpang marendal), Sumatera Utara Sumatera Utara 4. Jend. Sudirman - Pekanbaru Jl. Jend. Sudirman No. 97, Pekanbaru Riau 5. Perawang - Pekanbaru Jl. Raya Minas-Perawang Km. 26, Desa Pinang Riau Sebatang, Kec. Tualang, Komp. IKPP Perawang, Kab. Siak 6. Duri- Bengkalis Jl. Jend. Sudirman No. 446 C, Duri, Kecamatan Riau Mandau, Kab. Bengkalis. Riau 7. HOS Cokroaminoto - Kisaran Jl. HOS Cokroaminoto NO.72 C, Kisaran , Sumatera Sumatera Utara Utara 8. Ahmad Karim - Bukittinggi Jl. Ahmad Karim NO.18 C, Bukittinggi, Padang, Sumatera Barat Sumatera Barat 9. Kapt. F. Tendean - Jl. Kapt. F. Tendean No.4, Tebingtinggi, Sumatera Utara Sumatera Utara Tebingtinggi

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Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Letda Sudjono - Medan Jl. Letda Sudjono No. 252, Medan Sumatera Utara 2. Diski - Medan Jl. Medan Binjai Km 11, Sumatera Utara Sumatera Utara 3. Johor - Medan Jl. Brigjen Hamid No. 8A, Titi Kuning, Medan Sumatera Utara 4. Batoh - Aceh Jl. Moh. Hasan No. 330 Banda Aceh NAD 5. Neusu - Aceh Jl.Hasan Saleh no.8, Neusu, Aceh NAD 6. Kijang - Bintan Jl. Hang Jebat, RT.08 RW.05, Kel. Kijang Kota, Kec. Kep Riau Bintan Timur, Kabupaten Bintan, Kepulauan Riau 29151 7. - Padang Jl. Dr. Sutomo No.80D Padang Sumatera Barat 8. Panam - Pekanbaru Jl. Delima No. 1G Panam- Pekanbaru Riau 9. Imam Munandar - Pekanbaru Jl. Imam Munandar No. 278, Kel. Pangkerang Labuai, Riau Kec. Bukit raya, Pekanbaru, Riau 28288 10. Batam Center - Batam Komp. Ruko Raflesia Business Centre, Blok F No. 1, Kep Riau Batam Centre- Batam 11. Sigambal - Rantau Prapat Jl. HM. Said Sigambal, Kel.Sigambal, Kec. Rantau Sumatera Utara Selatan, Labuhan Batu, Rantau Prapat. Sumatera Utara 21415 12. DI Panjaitan - Tanjung Pinang Jl. DI Panjaitan No.3 RT.03 RW 02, Kec. Tanjung Pinang Kep Riau Timur, Kel. Batu Sembilan , Kepulauan Riau 13. - Pekanbaru Jl. Tuanku Tambusai No. 223 D , RT.01, RW.03, Riau Wonorejo, Pekanbaru

JARINGAN KANWIL 2 PALEMBANG- SUMATERA SELATAN, BENGKULU, LAMPUNG, JAMBI, BANGKA BELITUNG REPRESENTATIVE OFFICE NETWORK 2 PALEMBANG - South SUMATERA, BENGKULU, LAMPUNG, JAMBI, BANGKA BELITUNG

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Lampung - Ikan Hiu Jl. Ikan Hiu No. 3, Teluk Betung, Bandar Lampung Lampung 2. Jambi - Jelutung Jl. Hayam Wuruk No. 146, Jelutung, Jambi 36133 Jambi 3. Palembang - Jl. Basuki Rahmat No. 57, Palembang Sumatera Selatan 4. Lubuk Linggau - Jl. Yos Sudarso No. 12, Kel. Marga Mulya (Marga Sumatera Selatan Rahayu) Kec. Lubuk Lingau Selatan (Lubuk Linggau Selatan II) Kab. Musi Rawas , (Kota Lubuk Linggau) 5. Bengkulu - Jati Jl. Jati No.16, RT.05/Rw.02, Kel. Sawah Lebar Bengkulu Kecamatan Ratu Agung, Kota Bengkulu, Sumatera 6. Pangkalpinang - Soekarno Jl. Soekarno Hatta No. 17 (Jl. Raya Koba Km 5) Pangkal Bangka Belitung Hatta Pinang, Bangka Belitung 7. Belitung - Jend. Sudirman Jl. Jendral Sudirman No 21, Kel.Pangkal Lalang, Kec. Bangka Belitung Tanjungpandan, Kab.Belitung, Bangka Belitung 33412

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Kantor Cabang Pembantu / Sub Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Tanjung Karang - Lampung Jl. Jend. No. 17 D, Tanjung Karang, Lampung 2. Tungkal Ulu - Jambi Komp. Perkantoran PT. LBPPPI/WKS Kel. Tebing Tinggi Jambi 271 Tanjabar (PT. Pappyrus Paper-WKS) Ds. Tebing Tinggi Tanjabar (Tungkal Ulu) Jambi 37271 3. Muara Bungo - Jambi Jl. M. Yamin No. 32, Muara Bungo, Kab. Bungo, Jambi Jambi 4. Letkol Iskandar - Palembang Kompleks Ilir Barat Permai Blok D1 No. 21, Jl. Letkol Sumatera Selatan Iskandar, Palembang 30134 5. Sudirman - Palembang Jl. Sudirman Rt.13 Rw.05 Kel. Dua Puluh Ilir d.III Kec. Iti, Sumatera Selatan Palembang 6. Yos Sudarso - Lubuk Linggau Jl. Yos Sudarso No.66A, Kel. Jawa Kiri I, Kec. Lubuk Sumatera Selatan Linggau Timur, Kota Lubuk Linggau, Sumatera Selatan 7. Sungai Liat - Bangka Ruko Town Square No. C3, Jl. Muhidin, Kel. Sungailiat, Bangka Belitung Bangka, Kec. Sungailiat, Kabupaten Sungailiat, Bangka 8. - Jambi Jl.Pattimura No.43 Jambi Jambi

9. Jend. Sudirman - Prabumulih Jl. Jend. Sudirman, No. 70-71, RT. 03/10, Kel. Muara Sumatera Selatan Dua, Kec. Prabumulih Timur, Prabumulih, Sumatera Selatan 31114 10. Lintas Sumatera - Sarolangun Jl. Lintas Sumatera Km. 1 No. 05-06, Kel. Aur Gading, Jambi Kab. Sarolangun, Jambi 37481 11. Mayor Ruslan - Lahat Jl. Mayor Ruslan III No. 092 RT.01/RW. 04, Kel. Pasar Sumatera Selatan Lama, Kec. Lahat, Kab. Lahat, Sumatera Selatan 31413 12. A. Yani - Baturaja Jl. Jend. A. Yani RT.034/RW.10, Kel. Baturaja Lama, Sumatera Selatan Kec. Baturaja Timur, Kab. Ogan Komering Ulu, Sumatera Selatan 32111

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Natar - Lampung Jl. Raya Natar, Desa. Merak Batin, Kec. Natar, Lampung Kab.Lampung Selatan, Propinsi Lampung 2. Kalianda - Lampung Jl. Kusuma Bangsa RT. 001 RW. 01, Kalianda, Lampung Kab. Lampung Selatan 3. Telanaipura -Jambi Jl. Letkol. Slamet Riyadi RT. 010 RW. 04, Kel. Sungai Jambi Putri, Kec. Telanaipura, Jambi 4. Selincah - Jambi Jl. Sentot Alibasa RT. 015 RW. 05, Kel. Payo Selincah, Jambi Kec. Jambi Timur, Jambi 5. KM 11 - Palembang Jl. Raya Palembang - Betung 1261 RT.016 RW.06, Kel. Sumatera Selatan Alang-Alang Lebar, Kec. Alang-Alang Lebar, Palembang 6. Simpang Patal - Pelembang Jl. Sapta Marga RT.011 RW.03, Kel. Bukit Sangkal, Kec. Sumatera Selatan Kalidoni, Palembang, Sumatera Selatan 7. Perintis Kemerdekaan - Jl. Perintis Kemerdekaan, Kel. Kuto Batu, Kec. Ilir Timur Sumatera Selatan Palembang 2, Palembang, Sumatera Selatan 8. Panorama - Bengkulu Jl. Salak Raya Timur No. 97, RT.008 RW. 03, Kel. Bengkulu Panorama , Kec. Singaranpati, Lingkar Timur Bengkulu 9. Pasar Ilir 15 - Palembang Jl. Segaran 545, Kelurahan 15 Ilir Palembang Sumatera Selatan

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Nama Kantor Alamat Propinsi No. Office Name Address Province 10. Pagar Dewa - Bengkulu Jl. RT 03 RW 01, Kel. Pagar Dewa, Kec. Bengkulu Selebar, Bengkulu 38211 11. Tanjung Karang - Lampung Jl. Tengku Cik Ditro Blok H1 No.7 , Jalur 2, Tj. Karang Lampung Barat, Bandar Lampung 12. Plaju - Palembang Jl. Jend. A. Yani RT 19 RW 07, Kel. Tangga Takat, Kec. Sumatera Selatan Seberang Ulu II , Palembang 13. Makmur - Bengkulu Jl. Kalimantan RT.01, RW 01, Kel. Rawamakmur, Kec. Bengkulu Muara Bangka Hulu , Bengkulu 38121 14. Padang Harapan - Bengkulu Komp Ruko Kapuas Grande, Jl. Kapuas Raya No. 19, Bengkulu Kel. Padang Harapan, Kec. Gading Cempaka, Bengkulu 15. Achmad Yani - Pangkalpinang Jl. Achmad Yani No. 69 RT/RW 001/002 Kec. Taman Bangka Belitung Sari Kel. Batin Tikal Pangkalpinang, Bangka Belitung. 16. M. Yamin - Jambi Jl. Prof M Yamin No.3 RT/RW 13/04 Kel. Payo Lebar, Jambi Kec. Jelutung, Kota Jambi 36135 17. Manggar - Belitung Timur Jl. Jendral Sudirman No. 414, Desa Baru, Kec. Manggar, Bangka Belitung Kab. Belitung Timur

JARINGAN KANWIL 3 MANGGA DUA - DKI JAKARTA REPRESENTATIVE OFFICE NETWORK 3 MANGGA DUA - DKI JAKARTA

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Jakarta - Mangga Dua Wisma Eka Jiwa Lt. Dasar No. 1 & 2,Jl. Mangga Dua DKI Jakarta Raya Jakarta

Kantor Cabang Pembantu / Sub Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. BSD - Tangerang Ruko Golden Boulevard Blok G1 No. 06-07 BSD City, Banten Tangerang 2. Margonda - Depok ITC Depok Ruko No. 1, Jl. Margonda Raya, Kec. DKI Jakarta Pancoran Mas, Depok 3. Serang Gedung PT. Indah Kiat Pulp & Paper, Jl. Raya Serang KM Banten 76, Desa Kragilan Serang 4. Jembatan Dua - Jakarta Jl. Jembatan Dua Raya No. 11 G, Jakarta Utara DKI Jakarta 5. - Jakarta Komp. Ruko Duta Mas Blk. A2 No 2, Jl. Raya Fatmawati DKI Jakarta Jakarta 12150 6. Bintaro - Jakarta Jl. Raya Bintaro Blok E No. 12, Sektor 1, Jakarta Selatan Sumatera Selatan 7. Indah Kiat - Serpong Wisma Indah Kiat, A Building 1st Floor, Jl. Raya Serpong Banten Km. 8 Tangerang 15310, Banten 8. Mangga Besar - Jakarta Jl. Mangga Besar VIII No. 8, Jakarta Barat DKI Jakarta

9. Kapt. Soebijanto - BSD Wisma BCA Wing A/Ground Floor,Jl. Kapten Soebijanto Banten Djojohadikusumo, BSD City, Tangerang 10. Kali Besar - Jakarta Jl. Kali Besar No. 8. ROA Malaka, Jakarta Barat 11230 DKI Jakarta

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Nama Kantor Alamat Propinsi No. Office Name Address Province 11. Rawamangun - Jakarta Jl. Paus No.83 A Rawamangun, Jakarta Timur DKI Jakarta

12. Cinere - Depok Jl. Cinere Raya No. 11, Cinere, Depok Jawa Barat

13. Puri Kencana - Jakarta Jl. Puri Kencana, Blok M8-3T, Kec. Kembangan, Kel. DKI Jakarta Kembangan Selatan, Jakarta Barat 14. Alam Sutera - Tangerang Komp. Perumahan Alam Sutera, Jl. Jalur Sutera Kav. 29 Banten D No. 25, Kel. Pakualam, Kec. Serpong, Tangerang 15. Kelapa Gading 1 - Jakarta Rukan Kelapa Gading Permai Blk. LA1 No. 30-31, Jl. DKI Jakarta Raya Boulevard Barat,Jakarta 14240 16. Kelapa Gading 2 - Jakarta Jl. Kelapa Gading Boulevard Blok PA 11 No. 4, RT. 003, DKI Jakarta RW. 014, Kelapa Gading, Jakarta Utara 17. Otista - Tangerang Ruko Otista , Jl. Otista No. 05 B, RT. 001, RW. 002, Kel. Banten Gerendeng, Kec. Karawaci, Tangerang, Banten 18. Kota Wisata - Cibubur Ruko Sentra Eropa Blok SEA No. 3, Kota Wisata Cibubur DKI Jakarta

19. Ahmad Yani - Bekasi Komp. Ruko Bekasi Mas Blok. C 4-5, Jl. Ahmad Yani, Jawa Barat Bekasi

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. JITC Mangga Dua - Jakarta JITC Mangga Dua 2A, Lt 1 Blok D No. 60A, 61 & 60B, DKI Jakarta Jl. Raya Mangga Dua, Jakarta Utara 2. Pluit II - Jakarta Muara Indah Menara I B Lt. 1 No. 10B, Jl.Pluit Karang DKI Jakarta Barat No.50, Jakarta Utara 3. Cilegon Ruko Green Mega Blok, Jl. Raya Cilegon Kav. Mahkota Banten Mas B1/05 , Cibeber-Cilegon, Banten. 4. PIK - Jakarta Yayasan Budha Tzu Chi, Jl. Raya Boulevard, Pantai Indah DKI Jakarta Kapuk, Jakarta Utara 5. Fatmawati - Jakarta Jl. RS Fatmawati No. 201 B-C, Jakarta Selatan DKI Jakarta 6. Pondok Indah - Jakarta Jl. Arteri Pondok Indah No. 6 A (Jl. St. Iskandar DKI Jakarta Muda),Jakarta Selatan 7. Tambun - Bekasi Ruko Boulevard Hijau C5 No. 12 & 15, Kel. Pejuang Jawa Barat Kec. Medan Satria, Bekasi 8. Cileungsi Ruko Citra Grand BLK R5/ 7-9,Jl. Alternatif Cibubur, Jawa Barat Bogor 9. Kalimalang - Jakarta Jl. Raya Kalimalang ( Tarum Barat) No. 1 C-D, Jakarta DKI Jakarta Timur 10. Rangkas Bitung Jl. By Pass Soekarno Hatta No. 78 G&H Kaduagung Banten Timur, Cibadak, Lebak 42357 11. Cikupa Jl. Raya Citra Raya Blok L1R Citra Raya - Cikupa, Banten Tangerang 12. Serang Komp Ruko Titan Arum Blok H2, Jl. Serang KM3 No 4C, Banten Kel. Drangong, Kec. Taktakan, Kota Serang , Banten 42162 13. Pondok Gede Plaza Pondok Gede Ruko Blok F No. 20,21,22, Pondok Jawa Barat Gede, Jatiwaringin, Bekasi 17411

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Nama Kantor Alamat Propinsi No. Office Name Address Province 14. - Jakarta Jl. Dewi Sartika No.292 C dan D, RT.004/005, Cawang, DKI Jakarta Kramat Jati, Jakarta Timur 15. Balaraja Jl. Raya Serang KM 24 No. 3-4, RT 002 RW002, Kel. Banten Balaraja, Kab. Tangerang, Banten 16. Ciledug Ruko CBD Blok D2 No. 18, Jl. Hos Cokroaminoto, Kel. Banten Karang Tengah, Kec. Karang Tengah, Tangerang 17. Ciputat Jl. RE Martadinata No.13 Blok E-F, Pondok Cabe, Banten Pamulang, Tangerang 15411 18. Ruko Plaza Pasifik - Kelapa Komp. Ruko Plaza Pasifik, Jl. Boulevard Barat Raya, Blok DKI Jakarta Gading B 1, No. 22 & 24, Kelapa Gading Barat, Jakarta Utara. 19. Point Automotive - Cibubur Ruko Cibubur Point Automotive Center Blok A No. Jawa Barat 12 B, Jl. Raya Alternatif Cibubur (Trans Yogi), Desa Harjamukti, Cibubur 20. Citayam Jl. Raya Citayam (Jl. ) No. 35 A1 - A4, RT03 Jawa Barat RW02, Pancoran Mas Depok 21. Tang City - Tangerang Ruko Tangerang City Bussines Park Blok B 19 - 21, Jl. Banten Jend Sudirman No. 1 Cikokol, Tangerang 22. Cikokol Komp. Mahkota Mas Blok J, No. 39, Jl. MH. Thamrin, Banten Cikokol, Tangerang

JARINGAN KCU THAMRIN - JAKARTA KCU THAMRIN NETWORK - JAKARTA

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Jakarta - Thamrin Sinar Mas Land Plaza Tower I Jl. MH Thamrin No. 51 DKI Jakarta Jkt, Pusat 10350

Kantor Fungsional / Functional Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. KF. Operasional- KCU. Sinar Mas Land Plaza Tower 3 Jl. MH Thamrin No. 51 DKI Jakarta Thamrin, Jakarta Jkt, Pusat 10350

JARINGAN KANWIL 5 TANAH ABANG - DKI II NETWORK OF REGIONAL OFFICE 5 TANAH ABANG - DKI II

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Jakarta - Tanah Abang Jl. Fachrudin No. 18-20, Tanah Abang ,Jakarta 10250 DKI Jakarta 2. Jakarta - Komp. Ketapang Indah B I No. 15 -16, Jl. Zainul DKI Jakarta Arifin,Jakarta Pusat 10150 3. Jakarta - Hasyim Ashari Jl. K.H. Hasyim Ashari 34, Jakarta Pusat 10150 DKI Jakarta

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Kantor Cabang Pembantu / Sub Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1. Sudirman- Jakarta Gedung Summitmas II, Lt 2 , Jl. Jend. Sudirman Kav. 61- DKI Jakarta 62, Jakarta Selatan 12190 2. Ambasador - Jakarta ITC Kuningan Ambasador Blok 9-C Lt 5, Jl. Prof Dr. DKI Jakarta Satrio, Casablanca, Jakarta Selatan 3. Cik Ditiro - Jakarta Jl. Cik Ditiro No.29, Jakarta Pusat DKI Jakarta 4. Permata Kuningan - Jakarta Gedung Permata Kuningan, Lantai Dasar, Jl. Kuningan DKI Jakarta Mulia 9C, Guntur, Setiabudi, Jakarta Selatan 5. - Jakarta JL. Samanhudi No. 63, Pasar Baru, Jakarta Pusat DKI Jakarta 6. Batu Tulis - Jakarta Jl. Batu Tulis Raya No.7, Kebon Kelapa, Jakarta Pusat DKI Jakarta 7. Sunter - Jakarta Jl. Danau Sunter Utara Blok 74, Kel. Sunter Agung, Kec. DKI Jakarta Tanjung Priok, Jakarta Utara 8. Slipi - Jakarta Gedung The Capitol lantai 2, Jl. S. Parman Kav. 73 , DKI Jakarta Slipi, Jakarta Barat 9. PGC Cililitan - Jakarta Pusat Grosir Cililitan (PGC), Lt 2 No. 9 - 11, Jl. Mayjen DKI Jakarta Sutoyo No. 76, Cililitan, Kramat Jati, Jakarta Timur 10. ITC Roxy Mas - Jakarta Pusat Pertokoan ITC Roxy Mas Blk. BI No. 3, Jl. K.H. DKI Jakarta Hasyim Ashari,Jakarta 10150 11. ITC Cempaka Mas - Jakarta Ruko Cempaka Mas Blok E No. 5 & 6 , Jl. Let-Djen DKI Jakarta Suprapto, Cempaka Putih, Jakarta Pusat 12. Permata Hijau - Jakarta Jl. Permata Hijau Blok CC 6 No.1, Kel. Grogol Utara, DKI Jakarta Kec. Kebayoran Lama, Jakarta Selatan 13. Roxy Square - Jakarta Roxy Square, Jl. Tapa No. 1, Unit D3, Lower DKI Jakarta Ground, Grogol Petamburan, Jakarta Barat 11450 14. Tanjung Duren - Jakarta Jl.Tanjung Duren No.25A, Rt.001/Rw.07, Kel.Tanjung DKI Jakarta Duren Utara, Kec.Grogol, Petamburan, Jakarta Barat 15. Season City - Jakarta Ruko Season City Blok D No.3, Jl. Jembatan Besi 33, DKI Jakarta Latumenten, Jakarta Barat 11320

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Sabang- Jakarta Jl. KH. No. 45 Kebon Sirih Menteng, Jakarta DKI Jakarta Pusat 2 Cikini - Jakarta Gedung Graha Multi Modern, Jl. Cikini Raya No. 44, DKI Jakarta Kel. Cikini, Kec. Menteng, Jakarta Pusat 3 Kedoya - Jakarta Komp. Kedoya Elok Plaza, Blok DC Kav. 55, Jl. Panjang DKI Jakarta Arteri Kedoya, Kel. Kedoya Selatan Kec. Kebon Jeruk, Jakarta Barat 4 Bandengan - Jakarta Ruko Bandengan Indah Blok C, Jl. Raya Bandengan DKI Jakarta Utara No. 31-32 , Jakarta Utara 14440

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JARINGAN KANWIL 6 BANDUNG - JAWA BARAT NETWORK OF REGIONAL OFFICE 6 BANDUNG - WEST JAVA

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Bandung - Abdul Rivai Jl. Abdul Rivai No. 2, Bandung 40111 Jawa Barat 2 Sukabumi - RA. Kosasih Jl. RA Kosasih No. 118 RT/RW 02/02, Kel. Subang Jaya, Jawa Barat Kec. Cikole, Sukabumi 43116 3 Garut - Jl. Ciledug Jl. Ciledug No. 180 Garut, Jawa Barat 44112 Jawa Barat 4 Tasikmalaya - Sutisna Sanjaya Jl. Sutisna Sanjaya No.65, Tasikmalaya, Jawa Barat Jawa Barat 5 Cirebon - Dr. Wahidin Jl. Dr. Wahidin Sudirohusodo No. 29, Cirebon Jawa Barat 6 Bogor - Padjajaran Jl. Padjajaran No. 38A, Bogor, Jawa Barat Jawa Barat 7 Karawang - Kertabumi Jl. Kertabumi No. 18A, Karawang, Jawa Barat Jawa Barat

Kantor Cabang Pembantu / Sub Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Jamika - Bandung Jl. Jamika No. 42A, Bandung 40111 Jawa Barat 2 MTC - Bandung Komp. MTC Kav B-11, Jl. Soekarno Hatta, Bandung, Jawa Barat Jawa Barat 3 Jend. Sudirman - Bandung Ruko Kapitol, Jl. Jend. Sudirman No. 91, Bandung, Jawa Barat Jawa Barat 4 Rancaekek - Bandung Jl. Raya Bandung - Garut KM 21, Rancaekek, Kab. Jawa Barat Bandung 5 Mayor Abdurachman - Jl. Mayor Abdurachman No. 199, RT. 002, RW. 10, Jawa Barat Sumedang Kotakaler, Sumedang Utara, Jawa Barat 6 Ujung Berung - Bandung Ruko Bandung Timur Kav. A11, Jl. A.H. Nasution No. Jawa Barat 46A Ujungberung, Bandung, Jawa Barat 7 Buah Batu - Bandung Jl. Buah Batu No. 248 B Bandung, Jawa Barat Jawa Barat 8 Banjar - Ciamis Jl. Letjen Suwarto No. 97 Pataruman, Banjar, Jawa Barat Jawa Barat 9 Grand Center - Cirebon Ruko Grand Center No. D6, RT 005, RW 002, Jl. Jawa Barat Pangeran Suryanegara, Kel. Pekalangan, Kec. Pekalipan, Cirebon 10 Sudirman - Bogor Ruko H, Jl. Sudirman No. 15, Bogor Jawa Barat 11 Tajur - Bogor Jl. Tajur No. 18 (Jl. Raya Wangun No. 307) Bogor, Jawa Jawa Barat Barat 12 Pasar Anyar - Bogor Jl. Dewi Sartika A-64, Rt. 001, Rw. 002, Kel. Pebaton, Jawa Barat Kec. Bogor Tengah, Kota Bogor 13 Pindodeli - Karawang Desa Kuta Mekar BTB 6/9 Karawang, 41361 Jawa Barat 14 Grand Wisata - Bekasi Perumahan Grand Wisata, Celebration Boulevard AA- Jawa Barat 15/23, Lambang Sari, Tambun, Bekasi 15 Delta Mas - Bekasi Ruko Spanish Square A No. 2, Kota Delta Mas, Kab. Jawa Barat Bekasi, Jawa Barat 16 A. Yani Dawuan - Cikampek Ruko Central Cikampek No.5, Jl. Ahmad Yani Dawuan, Jawa Barat Cikampek 17 Lembang - Bandung Jl.Raya Lembang No.319, Bandung Jawa Barat 18 Otista - Subang Jl.Otista Rt.095/26, Karanganyar, Subang Jawa Barat

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Nama Kantor Alamat Propinsi No. Office Name Address Province 19 Muwardi - Cianjur Jl.Muwardi No.173, Kuniwangi, Bojongherang, Jawa Barat RT.002/003, Cianjur 20 Amir Mahmud - Cimahi Jl. Amir Mahmud No. 491, RT.04/RW.05, Karang Jawa Barat Mekar, Cimahi Tengah 21 Veteran - Purwakarta Jl. Veteran No.98 Purwakarta, Jawa Barat Jawa Barat 22 Kopo - Bandung Komplek Taman Kopo Indah II, Blok 1A No.69, Jawa Barat Bandung 23 A. Yani - Sukabumi Jl. Ahmad Yani No. 253, Ruko No. 3, RT. 002, RW. 004, Jawa Barat Sukabumi, Jawa Barat 24 Jend.Sudirman - Ciamis Jl. Jendral Sudirman No.163, RT.04/RW.02, Kel.Ciamis, Jawa Barat Kec. Ciamis, Kab.Ciamis, Jawa Barat 25 Siliwangi - Kuningan Jl. Siliwangi No.273 B, RT.01, RW.04, Lingkungan Dago, Jawa Barat Kec. Kuningan, Kab. Kuningan 45513 26 KH. Abdul Halim - Majalengka Jl. KH. Abdul Halim No.149, Kab. Majalengka, Cirebon, Jawa Barat Jawa Barat 27 Sudirman-Indramayu Jl. Sudirman No. 93, RT.01/RW. 07, Kel. Lemah Mekar, Jawa Barat Kec. Indramayu, Kab. Indramayu 45212

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Padalarang - Bandung Kp. Cigeunjing , RT.013, RW.04, Desa Kertajaya, Kec. Jawa Barat Padalarang, Kab. Bandung, Jawa Barat 2 Soreang - Bandung Kp. Ciburial Timur , Jl. Soreang Banjaran No. 402 , RT. Jawa Barat 06, RW. 06, Kab. Bandung 3 Ciparay - Bandung Jl. Raya Laswi No. 592, Ciparay, Kab. Bandung Jawa Barat 4 Jatinangor Jl. Tagog Cimekar No. 225, RW. 005, RT.003, Kel. Jawa Barat Cimekar, Cileunyi, Bandung, Jawa Barat 5 Cikajang - Garut Jl. Raya Cikajang No. 10, Garut, Jawa Barat Jawa Barat 6 Empang - Bogor Jl. Empang No. 41, RT 001 , RW 02, Bogor, Jawa Barat Jawa Barat 7 Yasmin - Bogor Ruko Yasmin Sektor 6 No. 7, Jl Ring Road No.90, Bogor Jawa Barat 8 Cibinong Jl. Mayor Oking No. 134, Cibinong, Kab. Bogor, Jawa Jawa Barat Barat 9 Delta Mas - Cikarang Jl. Tol Jakarta Cikampek KM. 7 , Cikarang Pusat Jawa Barat

10 Jababeka- Cikarang Ruko Metro Boulevard Kav. A 11, Jl. Niaga Raya, Jawa Barat Kawasan Industri JABABEKA , Cikarang, Kab. Bekasi 17835 11 Cipeujeh - Cirebon Jl. MT Haryono No. 38, RT. 05 RW. 02, Dusun 2, Desa Jawa Barat Cipeujeh Wetan, Kec. Lemahabang, Kab. Cirebon 45183 12 Cisarua - Bogor Jl. Raya Puncak KM 81 No. 20, Cisarua, Bogor, Jawa Jawa Barat Barat 13 Wanaraja - Garut Jl. Raya Wanaraja No. 50 Karangpawitan, Jawa Barat Jawa Barat 14 Arjawinangun - Cirebon Jl. Sultan Syahrir No. 2 (dh Jalan Pahlawan) RT. 01 RW. Jawa Barat 09, Dusun V, Desa Jungjang, Kec. Arjawinangun, Kab. Cirebon 45162 15 Singaparna - Tasikmalaya Jl. Raya Timur No.17 Cikiray Singaparna - Tasikmalaya Jawa Barat

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Nama Kantor Alamat Propinsi No. Office Name Address Province 16 BKR - Bandung Jl. BKR No. 73, Bandung Jawa Barat 17 Lengkong Kecil - Bandung Jl. Lengkong Kecil No. 49, Bandung Jawa Barat 18 Laswi - Bandung Jl. Laswi No. 142, Bandung Jawa Barat 19 Kopo Mas - Bandung Ruko Kopo Mas Blok AB No.19, Kel. Margasuka, Kec. Jawa Barat Ciparay, Bandung 40225 20 Batununggal - Bandung Jl. Batununggal Indah Raya No. 164 - 166, Bandung Jawa Barat 21 Cisaat - Sukabumi Jl. Raya Rambai No. 45B, Cisaat, Sukabumi Jawa Barat 22 Limbangan - Garut Jl. Raya Limbangan - Garut. Jawa Barat 23 Leuwiliang - Bogor Komp. Saptamarga (Pasar Baru Leuwiliang), Jl. Raya Jawa Barat Leuwiliang, RT.01 / RW. 03, Bogor 24 Cileungsi Jl. Raya Narogong (Pasar Cileungsi), Kab. Bogor Jawa Barat 25 PHH Mustofa - Bandung Jl. PHH. Mustofa No. 27, Bandung Jawa Barat 26 Ibrahim Singadilaga - Jl. Ibrahim Singadilaga No. 86 B, RT.16, RW.10, Kel. Jawa Barat Purwakarta Nagri, Kec. Kaler, Purwakarta, Jawa Barat 27 Kadungora - Garut Kp. Cigunung Agung, Jl.Raya Kadungora , RT.01 RW Jawa Barat 06, Kel. Kadungora, Kec. Kadungora 44153 28 Rancaekek Majalaya Jl. Raya Rancaekek - RT003/ RW12, Kampung Babakan, Jawa Barat Desa Majasetra, Kec. Majalaya, Kabupaten Bandung (ext Jl. Babakan 141 Majalaya ) 29 Banjaran Bandung Jl. Raya Banjaran No.66, RT.002 RW.03, Banjaran Jawa Barat Wetan 30 Pomad - Bogor Ruko Simpang Pomad No.33 , Jl. Raya Pomad , Kel. Jawa Barat Ciluar, Bogor 31 Jatiwangi - Majalengka Jl. Ahmad Yani No. 97, Desa Sutawangi, Kec. Jatiwangi, Jawa Barat Kab. Majalengka , Jawa Barat 32 Tanjung Sari - Sumedang Jl. Raya Tanjung Sari No 281 , RT. 004/ RW. 02, Kel. Jawa Barat Jatisari , Kec. Tanjungsari Sumedang, Jawa Barat 45362 33 Sentra KIIC - Karawang Sentra KIIC, Jl. Permata Raya Lot CA-1, Kawasan Jawa Barat Industri KIIC, Kab. Karawang 41361 34 Cipanas - Cianjur Jl. Raya Cipanas, RT 005 / RW 005, Kec Cipanas, Kel Jawa Barat Cipanas, Kab Cianjur 35 Tegalsari - Cirebon Ruko Blok B, Jl. Cirebon Bandung (Tegalsari) No.30 , Jawa Barat Desa Tegalsari, Kec. Plerede, Kab. Cirebon , Jawa Barat 45154 36 Sumber - Cirebon Ruko Grand Duta No.4, Jl. Pangeran Cakrabuana, Desa Jawa Barat Kemantren, Kec. Sumber, Kab. Cirebon, Jawa Barat 45611

JARINGAN KANWIL 7 SEMARANG - JAWA TENGAH & DIY NETWORK OF REGIONAL OFFICE 7 SEMARANG - CENTRAL JAVA & DIY

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Semarang - Gang Tengah Jl. Gang Tengah No. 9, Semarang, Jawa Tengah Jawa Tengah 2 Kudus - Jendral Sudirman Jl. Jendral Sudirman No. 6 Kudus, Jawa Tengah Jawa Tengah 3 Yogyakarta - Ring Road Jl. Ringroad Utara RT. 28 RW. 16 Mancasan, DI Yogyakarta Catur, Depok, Sleman, Yogyakarta

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Nama Kantor Alamat Propinsi No. Office Name Address Province 4 Magelang - Ahmad Yani Jl. Ahmad Yani No.77 , RT.01 RW. 06, Kel. Kramat Jawa Tengah Selatan, Kec. Magelang Utara, Kota Magelang, Jawa Tengah 5 Tegal - Jendral Sudirman Jl. Jendral Sudirman No.2 Tegal, Jawa Tengah Jawa Tengah 6 Pekalongan - Dr Cipto Jl. Dr. Cipto No. 39 Keputran, Pekalongan Jawa Tengah 7 Purwokerto - R.A. Wiratmaja Jl. R.A Wiratmaja No.28, RT.03 / RW.04, Kel. Jawa Tengah Kedungwuluh, Kec. Purwokerto Barat, Jawa Tengah. 8 Solo - Urip Sumoharjo Jl. Urip Sumoharjo No. 163, RT. 009 RW. 01, Kel. Jawa Tengah Kepatihan Wetan, Kec. Jebres, Surakarta 9 Salatiga - Dipenogoro Jl. Diponegoro No. 77, RT.01, RW.02, Dusun Sidorejo Jawa Tengah Lor, Kec. Sidorejo, Salatiga, Jawa Tengah

Kantor Cabang Pembantu / Sub Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Sultan Agung - Semarang Ruko Sultan Agung No.9, Jl. Sultan Agung No. 105- Jawa Tengah 106, Semarang, Jawa Tengah 2 Pemuda - Semarang Rukan Pemuda Mas Blok A Kav. A/8 Jl. Pemuda 150 Jawa Tengah Semarang, Jawa Tengah 3 Metro Square - Magelang Ruko Metro Square F-1, Jl. Mayor Bambang Sugeng Jawa Tengah Mertoyudan, Magelang, Jawa Tengah 4 A. Yani - Pemalang Jl. Ahmad Yani Utara No. 6 Rt.04/ Rw. 08 - Kel. Keb. Jawa Tengah Dalam, Pemalang, Jawa Tengah 5 Gatot Subroto - Cilacap Jl. Jend. Gatot Subroto No.42-44, RT.001/RW.10 Jawa Tengah Sidanegara,Cilacap Tengah, Cilacap, Jawa Tengah. 6 Adiwerna - Tegal Jl.Adiwerna No.16, RT.12, RW.06, Kel.Adiwerna, Kec. Jawa Tengah Adiwerna, Tegal 7 A. Yani - Purbalingga Ruko PJKA No. 1, Jl. A. Yani, RT. 01 / RW.01, Kel. Jawa Tengah Kandang Gampang, Purbalingga 53312, Jawa Tengah 8 Majapahit - Semarang Komp Mall Majamas, Jl.Brigjend Sudiarto No.198 H (jl. Jawa Tengah Majapahit) 9 Tentara Pelajar -Temanggung Jl.Tentara Pelajar No.6, Temanggung Jawa Tengah 10 Pemuda - Klaten Jl.Pemuda No.218, Desa Klaten,Kec.Klaten Tengah, Jawa Tengah Kab. Klaten 11 Sukoharjo Komp.Super Makmur 2,Jl.Raya Solo Baru No.10F-G, Jawa Tengah Sukoharjo, Solo 12 Kamfer - Banyumanik Jl.Kamfer No.11A, Banyumanik, Semarang Jawa Tengah 13 Katamso - Yogyakarta Ruko Gondomanan Square, Jl. Bridjen Katamso No.37, DI Yogyakarta Yogyakarta 14 Kendal Jl. Raya Semarang Kendal RT. 008 RW. 01, No. 340, Jawa Tengah Kel. Sarirejo, Kec. Kaliwungu, Kendal, Jawa Tengah 15 Jend. Sudirman - Wonogiri Jl. Jend. Sudirman No. 226 , Wonogiri , Jawa Tengah Jawa Tengah 57611 16 Mayjend Sutoyo - Kebumen Jl. Mayjend Sutoyo No. 41, RT. 006/ RW. 006 , Kec. Jawa Tengah Kebumen, Kel. Kebumen, Kab. Kebumen , Jawa Tengah 17 Raya Utara - Bumiayu, Brebes Jl. Raya Utara 77, Bumiayu, Kab. Brebes, Jawa Tengah Jawa Tengah

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Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Ungaran - Semarang Ungaran Square Ruko No.10, Jl. Diponegoro No.745, Jawa Tengah Ungaran, Kab. Semarang, Jawa Tengah 2 Kaliurang - Yogyakarta Jl. Kaliurang KM 8, Babadan Baru No 11, Kentungan, DI Yogyakarta Rt.007 Rw.050,Kel.Condong Catur, Kec. Depok, Kab. Sleman, Yogyakarta 3 Balapan Kemakmuran - Jl. Balapan Kemakmuran No. 11, Yogyakarta DI Yogyakarta Yogyakarta 4 Batang Ruko Mutiara No 9 Batang, Jl. Jendral Sudirman ,Jawa Jawa Tengah Tengah. 5 Palur Jl. Raya Palur No. 38 Jaten, Karanganyar, Solo, Jawa Jawa Tengah Tengah 6 Kedungwuni - Pekalongan Jl. Raya Kedungwuni No. 2, RT 002 RW 013, Jawa Tengah Kedungwuni, Pekalongan 7 A. Yani - Brebes Jl.A.Yani RT.03/RW.21,Kel. Brebes,Kec. Brebes, Jawa Jawa Tengah Tengah 8 Ajibarang - Purwokerto Jl. Raya Ajibarang Tegal No. 8 Ajibarang, Jawa Tengah Jawa Tengah 9 Kalasan - Yogyakarta Jl. Yogya - Solo Km 10,5 Purwodadi Baru, Kalasan, DI Yogyakarta Yogyakarta 10 Kartasura - Solo Kompleks Ruko Kartasura Blok F, Jl. A. Yani Kartasura, Jawa Tengah Sukoharjo Solo 11 Muntilan - Magelang Kompleks Kios Pasar Muntilan, Blok YE No. 1 , Jl. Jawa Tengah Pemuda, Muntilan, Magelang, Jawa Tengah 12 Sukowati - Sragen Jl. Raya Sukowati No. 60 RT. 03 RW. 12 Dukuh Beloran, Jawa Tengah Kel. Sragen, Kab. Sragen, Jawa Tengah 57212 13 Dawe - Kudus Jl. Raya Dawe Kudus - Colo KM 9 Kudus, Kab. Kudus, Jawa Tengah Jawa Tengah 14 R.E Martadinata - Cilacap Plaza Cilacap, Lt. Dasar No. A3, Kompleks Ruko Pasar Jawa Tengah Gede, Jl. R.E. Martadinata, Cilacap 53213 15 S. Parman - Purwokerto Jl. S. Parman No. 77, Purwokerto, Kab. Banyumas, Jawa Tengah Jawa Tengah 16 Tentara Pelajar - Magelang Komplek Ruko Top Square Blok A6, Jl. Tentara Pelajar Jawa Tengah No. 3-5, Magelang

JARINGAN KANWIL 8 SURABAYA - JAWA TIMUR NETWORK OF REGIONAL OFFICE 8 SURABAYA - EAST JAVA

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Surabaya - Diponegoro Jl. Diponegoro No. 64 Surabaya 60264 Jawa Timur 2 Mojokerto - Pahlawan Ruko Royal R1, Jl. Pahlawan No. 7 , Mojokerto Jawa Timur 3 Malang - Basuki Rahmat Jl. Basuki Rachmat No. 58, Malang, Jawa Timur Jawa Timur 4 Jember - PB Sudirman Jl. PB Sudirman No. 14 , Kel. Jember Lor, Kec. Patrang, Jawa Timur Kab. Jember , Jawa Timur 5 Madiun - Jl. Sumatera Jl. Sumatera No.25 Madiun Jawa Timur

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Nama Kantor Alamat Propinsi No. Office Name Address Province 6 Kediri - Erlangga Jl. Erlangga No. 32-34 Jawa Timur Jawa Timur 7 Gresik - Kartini Jl. Kartini No. 236, Kel. Sidomoro, Kec. Kebomas, Jawa Timur Gresik, Jawa Timur 8 Tuban - Basuki Rahmat Jl. Basuki Rahmat No. 42, Desa Sendang Harjo, Kec. Jawa Timur Tuban, Kab. Tuban, Jawa Timur 9 Banyuwangi - Basuki Rahmat Jl. Basuki Rahmat No.61 Banyuwangi Jawa Timur

Kantor Cabang Pembantu / Sub branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Kembang Jepun - Surabaya Jl. Kembang Jepun No. 86, Surabaya, Jawa Timur Jawa Timur 2 Klampis - Surabaya Jl. Raya Klampis No. 27 B, Surabaya, Jawa Timur Jawa Timur 3 ITC Mega Grosir - Surabaya ITC Mega Grosir, Ground Floor BT No. 1 C, Jl. Gembong Jawa Timur No. 20-30, Surabaya, Jawa Timur 4 Mayjen Sungkono - Surabaya Jl. Mayjen Sungkono No. 131, Surabaya, Jawa Timur Jawa Timur 5 Tjiwi Kimia - Mojokerto Gedung Tjiwi Kimia Jl. Raya Mojokerto-Surabaya KM 44 Jawa Timur Mojokerto 6 J. A. Suprapto - Malang Ruko Blok B3, Jl. Jaksa Agung Suprapto No. 40, Rampal Jawa Timur Claket, Malang,Jawa Timur 7 Kepanjen - Malang Jl. Panglima Sudirman RT. 002 RW. 02, Desa Jawa Timur Ngadilangkung, Kec. Kepanjen, Kab. Malang, Jawa Timur 8 Ngurah Rai - Tulungagung Jl. , Kel. Jepun, Kec. Tulungagung, Jawa Timur Kab. Tulungagung, Jawa Timur

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Mpu Nala - Mojokerto Jl. Mpu Nala No. 85 Mojokerto, Jawa Timur Jawa Timur 2 Wiyung - Surabaya Jl. Menganti Gogor 1E Wiyung Surabaya Jawa Timur 3 Krian - Sidoarjo Jl. Imam Bonjol No.2 A Krian - Sidoarjo Jawa Timur 4 Ahmad Yani - Sidoarjo Jl. Ahmad Yani No.24 RT.23 RW.04 Kel. Sidokumpul, Jawa Timur Kec.Sidoarjo 5 Rungkut - Surabaya Jl.Jemur Andayani No.11, Surabaya Jawa Timur 6 Ruko Cempaka Mas - Ruko Cempaka Mas B - 9, Jl. Soekarno Hatta, Jombang Jawa Timur Jombang 7 Singosari - Malang Jl. Panglima Sudirman Kav 148 H, RT.03 RW.09, Jawa Timur Pagetan Singosari, Malang - Jawa Timur 8 Mojosari - Mojokerto Royal Regency Blok RA 01 Jl. Raya Mojosari - Mojokerto Jawa Timur RT.003 RW 002 , Pekukuhan Mojosari - Mojokerto 9 Turen - Malang Ruko Pelita Turen No. 6, Jl. Panglima Sudirman RT 01 Jawa Timur RW 10, Kel. Turen, Kec. Turen, Kab Malang, Jawa Timur 65175

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Nama Kantor Alamat Propinsi No. Office Name Address Province 10 Sengkaling - Malang Jl. Raya Sengkaling Kav 178D RT 01 RW 02, Kel. Jawa Timur Mulyoagung, Kec. Dau, Kab. Malang, Jawa Timur 65151 11 Dewi Sartika- Batu Jl. Dewi Sartika No.28B RT.05/RW.09, Kel. Temas,Kec. Jawa Timur Batu Kota, Kota Batu, Jawa Timur 65315 12 Alun-Alun Timur - Ponorogo Jl. Alun-Alun Timur , Ruko No. 4, Ponorogo Jawa Timur

13 Gajah Mada - Banyuwangi Jl. Gajah Mada Kav No. 14 RT.008 RW.003 , Kel. Jawa Timur Genteng Kulon, Kec. Genteng, Kab. Banyuwangi, Jawa Timur 68465 14 Ahmad Yani - Jember Jl. Ahmad Yani No. 85, Kab, Jember, Jawa Timur Jawa Timur

15 Lawang - Malang Kompleks Ruko Istana Lawang, Jl. Dr. Sutomo No. 58 Jawa Timur Blok C-3 Rt.01/Rw.01 Desa Turirejo, Kec. Lawang, Kab. Malang, Jawa Timur 16 Sudirman Square - Ruko Sudirman Square Jl. Panglima Sudirman Blok A2 Jawa Timur Bojonegoro Desa Kauman, Kec. Bojonegoro, Kab. Bojonegoro, Jawa Timur

JARINGAN KANWIL 9 DENPASAR - BALI, NTB & NTT NETWORK OF REGIONAL OFFICE 9 DENPASAR - BALI, NTB & NTT

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Denpasar - Mpu Tantular Jl. Mpu Tantular No.8 Denpasar, Bali Bali 2 Kupang - Jl. Flores Jl. Flores No. 8 Kupang, Nusa Tenggara Timur NTT 3 Mataram - Pejanggik Jl. Pejanggik No. 24, Kel. Mataram Barat, Kec. NTB Selaparan, Kota Mataram, NTB 4 Singaraja - Ngurah Rai Jl. Ngurah Rai No.8, Kel. Kendran, Kec Buleleng, Kab Bali Buleleng, Bali 5 Bima - Gajah Mada Jl. Gajah Mada No. 6 Karara, Kel. Monggonao , Kec. NTB Mpunda, Kota Bima , NTB 84111 6 Maumere - Jend. Sudirman Jl. Jenderal Sudirman, RT 013 RW 004, Kelurahan NTT Waioti, Kecamatan Alok Timur, Kabupaten Sikka, NTT, 86118

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Kantor Cabang Pembantu / Sub branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Gatot Subroto - Denpasar Jl. Gatot Subroto Tengah No. 100C-D, Denpasar Bali 2 Ahmad Yani - Tabanan Jl. Ahmad Yani No. 2, Desa Banjar Anyar, Kec. Kediri, Bali Kab. Tabanan, Bali 3 Pejanggik - Mataram Jl. Pejanggik, Kel. Cakranegara Barat, Kec. Cakranegara, NTB NTB 4 Ubud Jl. Raya Andong Br. Petulu, Kel. Petulu, Kec. Ubud, Kab. Bali Gianyar - Bali 5 Zainuddin - Lombok Timur Jl. TGKH M. Zainuddin Abdul Madjid, Kel. Pancor, Kab. NTB Lombok Timur, NTB 6 Ngurah Rai - Badung Jl. By Pass Ngurah Rai No. 188 , Kel. Benoa, Kec. Kuta Bali Selatan, Kab. Badung, Bali 7 Melati - Ende Jl. Melati , Kel. Mautapaga, Kec. Ende Selatan, Kab. NTT Ende , Nusa Tenggara Timur 86317

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province

1 Timor Raya - Kupang Jl. Timor Raya Km. 9, Kel Oesapa, Kec. Kelapa Lima - NTT Kupang 2 Bertais - Mataram Kompleks Pertokoan Bertais No. A-1, Jl. Sandubaya, Kel. NTB Mandalika, Kec. Sandubaya, Mataram 83236 3 Gianyar Jl. Dharma Giri No. 4C , Kel. Gianyar, Kec. Gianyar, Kab Bali Gianyar- Bali

JARINGAN KANWIL 10 MAKASSAR - SULAWESI & GORONTALO NETWORK OF REGIONAL OFFICE 10 MAKASSAR - SULAWESI & GORONTALO

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Makassar - Pengayoman Komp.Panakukang Mas, Jl.Pengayoman No. 182, Sulawesi Selatan Makasar 2 Manado - Sam Ratulanggi Jl. No. 18, Manado, Sulawesi Utara Sulawesi Utara 3 Palu - Masjid Raya Jl. Masjid Raya Lulo No. 10, Palu, Sulawesi Tengah Sulawesi Tengah 4 Kendari - MT Haryono Jl. MT. Haryono No. 88 A, Wua-Wua, Kendari, Sulawesi Sulawesi Tenggara Tenggara 5 Gorontalo - Agus Salim Jl.KH Agus Salim (Basuki Rachmat) No.11, RT 3/RW 4, Gorontalo Desa Limba B, Kec.Kota Selatan , Gorontalo 6 Mamuju - KS Tubun Jl. KS Tubun, Kel. Rimiku, Kec. Mamuju, Kab. Mamuju , Sulawesi Barat Sulawesi Barat

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Kantor Cabang Pembantu / Sub branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Manggis - Makassar Jl. Manggis No. 1 (Jl. Arief Rate), Makasar Sulawesi Selatan 2 Babe Palar - Tomohon Jl. Babe Palar, Kel. Matani 3, Kec. Tomohon Tengah, Sulawesi Utara Tomohon, Sulawesi Utara 3 Veteran - Pare-Pare JL. Veteran No.40, RT. 001 / RW. 004, Kec. Ujung Sulawesi Selatan Sabban, Kota Pare - Pare, Sulawesi Selatan 91114 4 Langsat - Bone JL. Langsat, Kel. Macege, Kec. Tanete Riattang Barat, Sulawesi Selatan Kab. Bone, Sulawesi Selatan 92733 5 Lagaligo - Palopo Jl. Kelapa RT. 01/ RW. 04, Kel. Lagaligo, Kec. Wara, Sulawesi Selatan Kota Palopo, Sulawesi Selatan 6 Chairil Anwar - Kolaka Jl. Chairil Anwar RT/RW 001/001, Kel. Lamokato, Kec. Sulawesi Tenggara Kolaka, Kab. Kolaka 93517 7 Luwuk Banggai Jl. Kompleks Luwuk Shopping Mall Blok Timur No.21, Sulawesi Tengah Kel. luwuk, Kec. luwuk, Kab. Banggai, Sulawesi Tengah 94700

Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Perintis Kemerdekaan - Jl. Perintis Kemerdekaan KM 11 (Ruko Permata) Sulawesi Selatan Makassar RT 01,RW 03, Kel. Tamalanrea, Kec. Biringkanaya, Makassar 2 Gowa - Makassar Jl. Sultan Hasanuddin, Kel. Pandang-Pandang, Kec. Sulawesi Selatan Somba Opu, Kab. Gowa, Makassar 3 Wolter Mongonsidi - Bitung Jl. Wolter Mongonsidi No. 14 D Wangurer, Bitung, Sulawesi Utara Sulawesi Utara 4 Dewi Sartika - Palu Komp. Ruko Dewi Sartika, Jl. Dewi Sartika, Kel. Birobuli Sulawesi Tengah Utara, Kec. Palu Selatan, Sulawesi Tengah 5 MTC - Makassar Jl. A. Yani MTC Lantai G Blok A No. 11-12, Makassar Sulawesi Selatan 6 Jhon Ario Katili - Gorontalo Jl. Prof. DR. Jhon Ario Katilli No. 296 ,RT. 02 RW. 01, Gorontalo (Ex Jl. Andalas No.296), Kel. Paguyaman, Kec. Kota Tengah Gorontalo, Gorontalo 96127. 7 Christina M. Tiahahu - Kendari Jl. Christina M. Tiahahu ( Ex. Jl.DI Panjaitan), RT 001/ Sulawesi Tenggara RW001, Kel. Lepo-Lepo, Kec. Baruga , Kota Kendari, Sulawesi Tenggara 93116 8 Bunggasi - Kendari Jl. Bunggasi, RT 001/RW002,Kel. Anduonohu, Kec. Sulawesi Tenggara Poasia, Kota Kendari, Sulawesi Tenggara 93232

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JARINGAN KANWIL 11 PONTIANAK - KALIMANTAN NETWORK OF REGIONAL OFFICE 11 PONTIANAK - KALIMANTAN

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Pontianak - Gajah Mada Jl. Gajah Mada No. 1A-B, Pontianak, Kalimantan Barat Kalimantan Barat 2 Balikpapan - Jendral Sudirman Jl. Jend Sudirman No. 7 Rt. 32, Klandasan Ilir, Kailmantan Timur Balikpapan Selatan, Balikpapan 76114 3 Banjarmasin - MT Haryono Jl. MT Haryono No. 40 RT 006, Kel. Kertak Baru Ilir, Kec. Kalimantan Selatan Banjar Tengah, Banjarmasin, Kalimantan Selatan 4 Samarinda - Jl. Ahmad Dahlan Ruko No. 3 Samarinda Ilir, Sulawesi Tenggara Samarinda, Kalimantan Timur 5 Batulicin - Tanah Bumbu Jl. Raya Batulicin, Desa Kampung Baru, Kel. Kampung Kalimantan Selatan Baru, Kec. Simpang Empat, Kab. Tanah Bumbu, Kalimantan Selatan 6 Palangkaraya - Jl. Tjilik Riwut Km. 1 No. 3, Kel. Palangka, Kec. Jekan Kalimantan Tengah Raya, Palangkaraya, Kalimantan Tengah 7 Tarakan - Yos Sudarso Jl. Yos Sudarso No. 9 , Kec. Tarakan Tengah , Kel. Kalimantan Utara Selumit, Kota Tarakan , Kalimantan Utara 77113

Kantor Cabang Pembantu / Sub branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province

1 Jend.Sudirman - Pontianak Jl. Jend. Sudirman No. C 8-9, Pontianak, Kalimantan Kalimantan Barat Barat 2 Letjen R Suprapto - Ketapang Jl. Letjen R. Suprapto No. 30, Ketapang, Kalimantan Kalimantan Barat Barat 3 Balikpapan Baru - Balikpapan Kompleks Balikpapan Baru, Ruko Centra Eropa Blok Kalimantan Tengah AB7 No.38 , Kel. Damai, Kec Balikpapan Selatan 4 A.Yani -Sampit Jl. A.Yani No.155 Kel.Mentawai Baru Hulu, Kec. Kalimantan Tengah Mentawa Baru Ketapang, Kab.Kotawaringin Timur 5 A. Yani - Banjarmasin Jl. A. Yani KM 3 No. 104, Banjarmasin Kalimantan Selatan 6 Sungai Danau Jl. Provinsi No.230 RT 005 Dusun II, Desa Sungai Danau, Kalimantan Selatan Kec. Satui, Kab. Tanah Bambu, Kalimantan Selatan 7 Adi Sucipto - Pontianak Jl. Adi Sucipto No. 10, Pontianak, Kalimantan Barat Kalimantan Barat 78124 8 Antasari - Pangkalan Bun Jl. Pangeran Antasari - Udan Said, RT. 003, Kel. Baru, Kalimantan Tengah Kec. Arut Selatan, Pangkalan Bun, Kab. Kotawaringin Barat, Kalimantan Tengah

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Kantor Kas / Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Siantan - Pontianak Jl. Khatulistiwa No. 248 , Pontianak Kalimantan Barat 2 Sultan Adam - Banjarmasin Jl. Sultan Adam No. 2 RT 17, Kel. Sungai Miai, Kec. Kalimantan Selatan Banjar Utara, Kalimantan Selatan 70122 3 Imam Bonjol - Palangkaraya Jl. Imam Bonjol No 19, RT 002 RW 007, Kel. Lankai, Kalimantan Tengah Kec. Pahandut, Kalimantan Tengah 73111. 4 Bung Tomo - Samarinda Ruko Sentral Jl. Bung Tomo No. 21, Samarinda, Kalimantan Timur Kalimantan Timur 75132 5 Tanjung Raya - Pontianak Jl.Tanjung Raya II No.2A, RT 006/RW 007, Kel.Parit Kalimantan Barat Mayor, Kec. Pontianak Timur, Kalimantan Barat 78237 6 A. Yani - Martapura Jl. A. Yani KM 37,5 , Kel. Sungai Paring, Kec. Kalimantan Selatan Martapura, Kab. Banjar, Kalimantan Selatan

JARINGAN KANWIL 12 TERNATE - MALUKU & PAPUA NETWORK OF REGIONAL OFFICE 12 TERNATE - MALUKU & PAPUA

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Ambon - A. Yani Jl. Ahmad Yani RT.001/RW.06 , Kel. Batu Meja, Maluku Kec. Sirimau, Ambon 2 Jayapura - Pasifik Permai Jl. Komp. Pasifik Permai Blk F No. 7-8 Jayapura Papua 3 Sorong - Jend. Ahmad Yani Jl. Jend. Ahmad Yani No. 35, Sorong Papua Barat 4 Ternate - Kamboja Jl.Kamboja (Jl.Perikani) Rt.002/001, Kel.Takoma, Kec. Maluku Utara Ternate Selatan, Ternate, Maluku Utara 5 Merauke - Mandala Jl. Raya Mandala No. 428, Kel. Mandala, Kec. Papua Merauke,Papua 99616 6 Manokwari - Yos Sudarso Jl. Yos Sudarso, Kel. Manokwari , Kec. Manokwari Papua Barat Barat, Papua Barat 98312

Kantor Cabang / Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Sam Ratulangi - Ambon Jl. Sam Ratulangi No. 78, Kel. Honipopu, Kec. Sirimau - Maluku Ambon

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UNIT USAHA SYARIAH Sharia Business Unit

Kantor Cabang Syariah / Sharia Branch Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Jakarta - Cik Ditiro Jl. Cik Ditiro No. 29, Jakarta Pusat DKI Jakarta 2 Karawang - Tuparev Jl. Tuparev No. 409, Karawang Wetan Jawa Barat 3 Semarang - Wahidin Jl. Wahidin No.62B Candisari, Semarang 50000 Jawa Tengah 4 Lombok Tengah - Praya Jl. Jend. Sudirman No. 55-57 Praya - Lombok Tengah , NTB NTB 5 Malang - Basuki Rachmat Jl. Basuki Rachmat No.58 , Malang, Jawa Timur. Jawa Timur 6 Surabaya - Mayjen Sungkono Jl. Mayjen Sungkono No. 131, Surabaya, Jawa Timur. Jawa Timur 7 Kediri - Joyoboyo Jl. Joyoboyo No. 61 B, Rt. 1, Rw. 1, Desa Jamsaren, Kec. Jawa Timur , Kediri 8 Bandung - A.H Nasution Jl A.H Nasution No 88 Bandung, Jawa Barat Jawa Barat 9 Bogor - Kebon Pedes Jl. Raya Kebon Pedes No.4 Ruko A dan B, Bogor , Jawa Jawa Barat Barat 10 Banjarmasin - MT. Haryono Jl. MT Haryono No. 40 RT 006, Kel. Kertak Baru Ilir, Kec. Kalimantan Selatan Banjar Tengah, Banjarmasin, Kalimantan Selatan 11 Cirebon - Wahidin Jl. Dr. Wahidin Sudirohusodo No. 29, Cirebon Jawa Barat Sudirohusodo 12 Jember - A. Yani Jl. Ahmad Yani No.85, Jember Jawa Timur 13 Kudus - Hos Cokroaminoto Jl. HOS Cokroaminoto No. 62, Melati, Kudus Jawa Tengah 14 Tasikmalaya - Sutisna Sanjaya Jl. Sutisna Sanjaya No.65 Tasikmalaya, Jawa Barat Jawa Barat 15 Jambi - Hayam Wuruk Jl. Hayam Wuruk No. 146, Jelutung, Jambi 36133 Jambi 16 Bengkulu - Jend. Sudirman Jl. Jend Sudirman RT 09 - RW 03, Tengah Padang, Kota Bengkulu Bengkulu 17 Padang - Bagindo Aziz Chan Jl. Bagindo Aziz Chan No. 13, RT. 002/RW. 01, Sumatera Barat Kampung Jao, Padang Barat, Kota Padang 18 Denpasar - Mpu Tantular Jl. Mpu Tantular No.8 Denpasar, Bali Bali 19 Purwokerto - R.A. Jl. R.A Wiryaatmaja No.28, RT.03 / RW.04, Kel. Jawa Tengah Wiryaatmaja Kedungwuluh, Kec. Purwokerto Barat, Jawa Tengah. 20 Pontianak - Gajah Mada Jl. Gajah Mada No. 1A-B Pontianak Kalimantan Barat 21 Solo - R.M Said Jl. R.M Said No. 142 Solo Jawa Tengah 22 Medan - Ringroad Jl. Ringroad No. 107C Medan Sumatera Utara 23 Lampung - Ikan Hiu Jl. Ikan Hiu No.3 Teluk Betung, Bandar Lampung Lampung 24 Makassar - Veteran Jl. Veteran Selatan No.90, Makassar, Sulawesi Selatan Sulawesi Selatan 25 Sukabumi - Siliwangi JL. Siliwangi No.129 RT.01/RW.19, Desa Cibadak, Kec. Jawa Barat Cibadak, Kab. Sukabumi 43351 25 Balikpapan - Jend. Sudirman Komp. Ruko Bandar Blok C No. 5, Jl. Jend Sudirman , Kailmantan Timur Klandasan, Balikpapan, Kalimantan Timur 27 Pekalongan - Dr. Cipto Jl. Dr. Cipto No. 39, Keputran, Pekalongan Jawa Tengah

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Kantor Kas Syariah / Sharia Cash Office Nama Kantor Alamat Propinsi No. Office Name Address Province 1 Pasar Tanah Abang Blok A - Pasar Tanah Abang Regional, Blok A, Basment 1 los F DKI Jakarta Jakarta No. 89 , Jl. Fachrudin Raya No.1 Jakarta 10250 2 Pondok Kelapa - Jakarta Jl. Raya Pondok Kelapa Blok J13/7, Pondok Kelapa, DKI Jakarta Duren Sawit, Jakarta Timur 3 - Jakarta Ruko Royal Place, Jl.Dr Soepomo 178A /B5 Tebet, DKI Jakarta Jakarta Selatan 4 Galuh Mas - Karawang Jl. Raya Galuh Mas No.5 , Ruko Galuh Mas Blok B Jawa Barat Karawang, Jawa Barat 5 Ngalian - Semarang Jl. Prof DR. (Jl. Boja No 11 C Ruko Ngalian, Kota Jawa Tengah Semarang, Jawa Tengah) 6 Bangsal - Mojokerto Ruko Blok 20C, Jl. Raya Bangsal , Desa Pacing , Jawa Timur Mojokerto , Jawa Timur 7 Rungkut Kidul - Surabaya Jl. Raya Rungkut Kidul No. 45 A, Surabaya, Jawa Timur Jawa Timur 8 Cibaduyut - Bandung Ruko Cibaduyut Residence No . A10, Jl. Cibaduyut Jawa Barat Raya, Bandung , Jawa Barat 9 Rajawali - Bandung Jl. Rajawali No. 65, Bandung, Jawa Barat Jawa Barat

10 Kebon Agung - Malang Ruko Kebon Agung Mega No. 2 G Jl. Raya Kebon Jawa Timur Agung, Malang

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement 04

Analisis dan Pembahasan Manajemen Management Discussion and Analysis

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TINJAUAN UMUM EKONOMI GLOBAL ECONOMIC OVERVIEW GLOBAL

Pertumbuhan ekonomi dunia tercatat stagnan dan cenderung Global economic growth remained stagnant and slow until melambat hingga 2014. Perbedaan kebijakan moneter bank 2014. Difference in the monetary policies of central banks in sentral negara-negara maju di dunia yang ditunjukkan oleh developed countries, which was shown by the halt of stimulus penghentian stimulus The Fed dan indikasi kenaikan suku from The Fed and indication of the US interest rate increase, bunga AS, dibarengi dengan injeksi likuiditas oleh zona Euro, along with the liquidity injection by the European zone, Japan, Jepang, dan Tiongkok yang sedang berjuang keluar dari tren and China, which were struggling to recover from the sluggish perlambatan ekonomi dan ancaman deflasi, telah mendorong economy and ward off the deflation threat, has encouraged apresiasi aset-aset berdenominasi dolar AS dan menimbulkan appreciation of assets denominatedin US Dollars. Thus, this potensi capital outflow baik dari negara-negara industri maju resulted in the potential of capital outflow from both developed maupun negara-negara berkembang. and developing countries.

Pertumbuhan Ekonomi Dunia Global Economic Growth Tahun Negara Maju PDB Dunia Emerging Market Year Developed Countries The World’s GDP

2012 1,2% 5,2% 3,4% 2013 1,4% 5,0% 3,4% 2014 1,8% 4,6% 3,4%

Di sisi lain, ECB harus memotong suku bunga acuan sebanyak 2 On the other hand, ECB had to cut its benchmark interest rate kali di tahun ini hingga ke 0,05% dari 0,25% dan mengenalkan twice this year to 0.05% from 0.25% and had a minus deposit bunga negatif deposito hingga ke -0,2% guna mendorong interest rate to minus 0.2%. This policy is taken to allow a aliran dana ke sektor yang lebih produktif supaya performa greater amount of fund to be allocated for a more productive perekonomian bisa ditingkatkan dan terhindar dari ancaman sector so that the economic performance may improve and deflasi yang berkelanjutan. Sementara itu kondisi perekonomian be protected from the continued deflation threat. Meanwhile, Jepang juga tidak lebih baik, massive stimulus berupa QQE Japan’s economic condition is also not much better. Massive (Quantitative and Qualitative Easing) untuk mengangkat kinerja stimulus in the form of QQE (Quantitative and Qualitative perekonomian terlihat positif di awal tahun, namun kembali Easing) to level up the economic performance was also positive tidak efektif setelah kenaikan pajak konsumsi dari 5% ke 8% at the beginning of the year, but was not effective after the di April yang diperuntukkan untuk menyeimbangkan kondisi increase in consumption tax from 5% to 8% in April to balance fiskal yang terpapar posisi 226% persentase hutang terhadap the fiscal condition which is exposed to 226% of debt to GDP. PDB. Pemilu dadakan kembali dimenangkan oleh Shinzo Abe The general election resulted in the reappointment of Shinzo untuk mempertahankan kebijakan stimulus yang dinaikkan ke Abe to maintain the stimulus policy to JPY 80T from 60-70T/ JPY 80T dari JPY 60-70T/tahunnya. year.

Tiongkok sebagai salah satu penggerak ekonomi dunia perlahan China as one of the economic catalyst has gradually lost its meninggalkan era pertumbuhan ekonomi tinggi, tercatat economic power. The growth at the Q3 2014 weakened to pertumbuhan ekonomi Q32014 melambat ke 7,3%YoY dari 7.3% YoY from 7.7% YoY at the end of 2013. This spurred 7,7%YoY di akhir tahun 2013. Hal ini mendorong PBOC untuk PBOC to cut its benchmark intrest rate from 6% to 5.6% memotong suku bunga acuannya dari 6% ke 5,6% serta and the deposit facility to 2.75% from 3%. The stimulus was fasilitas deposit ke 2,75% dari 3%. Stimulus yang tercatat recorded more than USD 126 B in period September-October

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lebih dari USD 126B periode September-Oktober kepada sektor in banking sector, which becomes a real proof of the economic perbankan merupakan bukti nyata situasi perekonomian yang slowdown. melambat.

Dampak situasi perlambatan ekonomi terasa hingga sektor The impact of economic slowdown was felt to the commodity komoditas. Meningkatnya produksi minyak AS serta pertemuan sector. The increase in the US oil production and the OPEC OPEC yang gagal menyepakati pengurangan produksi telah forum that resulted in a decision of not reducing oil production menjatuhkan harga minyak dunia sebesar 50% hingga akhir caused global oil price to fall at 50% at the end of 2014. The 2014. Menurunnya permintaan bahan bakar energi ini seiring decreasing demand for fuel was in line with the economic melambatnya pertumbuhan ekonomi zona Eropa, Jepang serta growth slowdown in European, Japan, and China zone, which Tiongkok telah menggiring harga minyak ke level harga baru has led global oil price to the new pirce level since July 2008. sejak Juli 2008.

TINJAUAN UMUM EKONOMI INDONESIA’S ECONOMIC INDONESIA OVERVIEW

Pada 2014, perlambatan perekonomian global turut berdampak In 2014, global economic growth affected Indonesia’s economic pada pertumbuhan ekonomi Indonesia dalam berbagai aspek. growth in various aspects. One of the impact is the faltering Dampak yang dirasakan antara lain turunnya harga komoditas of export major commodity prices (such as CPO and coal), utama ekspor Indonesia (seperti CPO dan Batubara), pelemahan Rupiah depreciation related to global sentiment, the increase in Rupiah terkait sentimen global, meningkatnya angka unemployment rate to 5.94% from 5.7%, slowdown in credit pengangguran ke 5,94% dari 5,7%, perlambatan ekspansi expansion, government spending and low investment growth,

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kredit, belanja pemerintah dan pertumbuhan investasi yang high inflation rate due to the increase in fuel as an effort to masih rendah, tingkat inflasi yang tinggi dikarenakan kenaikan reduce spending on fuel subsidy that reached 30% form the BBM sebagai upaya untuk mengurangi pengeluaran akan State Budget, balanced wiht the increase in BI rate of 25 bps subsidi BBM yang telah mencapai 30% dari APBN, diimbangi at the third quarter in 2014. However, on the other hand, dengan kenaikan BI rate sebesar 25bps di kuartal ketiga 2014. household consumption managed to survive at the 5% level in Namun di satu sisi konsumsi rumah tangga masih mampu line with the increase in income per capita of USD3,542 from bertahan di awas level 5% seiring meningkatnya pendapatan USD3,475 in 2013. perkapita ke USD 3.524 dari USD 3.475 di 2013.

Kebijakan menaikkan BI rate ditempuh dalam rangka The policy to increase BI rate was taken to maintain the inflation mempertahankan ekspektasi inflasi dan memastikan bahwa expectation and ensure that the inflation rate after the increase tekanan inflasi pasca kenaikan harga BBM tetap terkendali. in fuel price remains under control.

Terlepas dari keadaan pemulihan ekonomi dunia yang terus berlanjut meskipun masih berjalan tidak seimbang, kondisi perbankan dalam negeri masih cenderung stabil.

Apart from the continuing yet not even recovery of the world’s economy, domestic banking industry remained stable.

TINJAUAN INDUSTRI PERBANKAN BANKING INDUSTRY OVERVIEW

Belum pulihnya perekonomian dunia di tahun 2014 memberikan Sluggish global economy in 2014 gave an impact on the dampak terhadap pertumbuhan ekonomi nasional sebesar national economic growth of 5.1% yoy, slower than in 2013 at 5,1% secara yoy, melambat dibandingkan pertumbuhan 5.58% (yoy). In addition, domestic political condition and the ekonomi di tahun 2013 sebesar 5,58% (yoy). Selain itu, kondisi increase in fuel price also colored national banking industyr that politik dalam negeri dan kenaikan harga BBM turut mewarnai managed to survive and move towards stability. kondisi perbankan nasional yang mampu bertahan dan cenderung bergerak stabil.

Hal tersebut dibuktikan dengan ketahanan sistem perbankan This proved by the resilience of the banking system with strong dengan risiko kredit, likuiditas, dan pasar yang terjaga serta capital structure and the credit risk, liquidity, and market that dukungan modal yang kuat. Stabilitas sistem keuangan yang were under control. The stability of financial system, supported ditopang oleh solidnya industri perbankan mendukung proses by solid banking industry, supported the moderatio process of moderasi pertumbuhan ekonomi nasional. the national economic growth.

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Berdasarkan data Statistik Perbankan Indonesia, total aset Based on data from Indonesia’s Banking Statistics, total assets bank umum di tahun 2014 mencapai Rp5.615 triliun dengan of commercial bank in 2014 reached Rp5,615 trillion with the perolehan dana pihak ketiga tumbuh 12,29% menjadi Rp4.114 growth of Third Party Fund at 12.29% to Rp4,114 trillion yoy, triliun secara yoy, fungsi intermediasi perbankan meningkat banking intermediary function increased 11.65% to Rp3,706 11,65% menjadi Rp3.706 triliun yoy, disertai dengan rasio trillion yoy, along with the non performing loan ratio that is kredit bermasalah yang masih terjaga di kisaran 2%, dan under control at around 2%, and the banking capital adequacy rasio kecukupan modal perbankan sebesar 19,57%, jauh dari ration of 19.57%, far from the regulator at 8%. ketentuan regulator sebesar 8%.

TINJAUAN OPERASIONAL PER OPERATIONAL OVERVIEW PER SEGMEN USAHA BUSINESS SEGMENT

1. Pendapatan dan profitabilitas 1. Revenue and profitability Terjaganya kinerja pasar keuangan dalam negeri The stability of domestic financial market performance menimbulkan stabilitas pendapatan dan profitabilitas Bank resulted in stable income and profitability of Bank Sinarmas. Sinarmas. Pendapatan PT. Bank Sinarmas Tbk. secara umum Income of PT. Bank Sinarmas Tbk. Generally came from the berasal dari penyediaan layanan keuangan dan produk yang provision of financial services and comprehensive products komprehensif bagi semua segmen. Pendapatan lain berasal for all segments. Other income came from the trading and dari aktivitas perdagangan dan investasi di pasar finansial investing activity in financial market as part of daily activity sebagai bagian dari aktivitas sehari-hari dalam pengelolaan in managing all business portfolios of PT. Bank Sinarmas seluruh portofolio bisnis PT. Bank Sinarmas Tbk. Tbk.

Pendapatan (dalam Jutaan Rupiah) Net Income (in million Rupiah) Keterangan / Description 2012 2013 2014

Pendapatan Bunga Bersih / Net Interest Income 780.192 826.360 987.625

Profitabilitas Profitability Keterangan / Description 2012 2013 2014

Rasio Kecukupan Modal (CAR) / Capital Adequacy Ratio 18,09% 21,82% 18,38% Marjin Bunga Bersih (NIM) / Net Interest Margin (Nim) 5,72% 5,23% 5,87% Biaya Operasional terhadap Pendapatan Operasional (BOPO) / 83,75% 83,25% 91,35% Operating Cost to Operating Revenue (BOPO) Kredit terhadap Dana yang Dihimpun (LDR) / Loan Deposit Ratio 80,78% 78,72% 83,88% Rasio Kredit Bermasalah - Bruto (NPL Gross) / Non Performing Loan 3,18% 2,50% 3,00% Ratio - Gross Rasio Kredit Bermasalah - Neto (NPL Netto) / Non Performing Loan 2,57% 2,12% 2,56% Ratio - Net Laba terhadap Total Aset (ROA) / Return on Assets 1,74% 1,71% 1,02% Laba terhadap Ekuitas (ROE) / Return on Equity 15,42% 9,23% 5,72% Laba Per Saham (dalam Rupiah penuh) / Earnings per Share (in full Rupiah) Dasar / Basic 23,57 17,87 11,80 Dilusian / Diluted 20,15 16,50 11,56

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2. Kegiatan Perkreditan 2. Lending Activities Kredit dalam dunia perbankan memiliki peranan Lending in the banking industry has an important role in penting dalam perekonomian secara nasional dan the national economy and one of the catalysts to economic merupakan salah satu penggerak roda perekonomian. growth. The start-up business or big investor needs lending Pengusaha yang baru memulai usaha maupun investor facilities from the bank to ensure and support smooth besar membutuhkan layanan kredit perbankan untuk operation of the company. Lack working capital can hinder memastikan dan mendukung operasi perusahaan maupun or even stop the operational cycle of a company, especially untuk perkembangan bisnis kedepannya. Kekurangan the small one and the household that is very susceptible to terhadap modal kerja dapat menghambat atau bahkan financial instability. menghentikan siklus operasi suatu perusahaan, khususnya perusahaan dengan skala kecil dan rumah tangga yang sangat rentan terhadap goncangan secara finansial.

Pada tahun 2014, penyaluran kredit Bank mulai difokuskan In 2014, credit distribution focused on micro, small pada segmen usaha mikro, kecil dan menengah (UMKM). and medium enterprises (UMKM). Meawhile, in view of Sementara secara sektoral, kucuran kredit diberikan ke economic sector, the credit is also distributed to consumer sektor consumer goods karena keunggulannya dalam goods sector for its excellence in faster capital turnover than perputaran modal yang lebih cepat dari sektor lain. the other sector. As of December 31, 2014, the acheivement Hingga 31 Desember 2014, pencapaian kredit Bank of Bank Sinarmas’ credit amounted to 110.26% with the Sinarmas adalah sebesar 110,26% dengan nominal sebesar nominal value of Rp14,298 billion from the target that has Rp14.298 miliar dari target yang telah ditetapkan yakni ben set at Rp12,968 billion. Credit growth in 2014 was sebesar Rp12.968 miliar. Pertumbuhan portofolio kredit recorded at Rp3,332 billion or 30.39% if compared to pada tahun 2014 tercatat sebesar Rp3.332 miliar atau 2013. 30,39% jika dibandingkan dengan tahun 2013. .

16.000.000

14.000.000

12.000.000

10.000.000

8.000.000

6.000.000 Dec 2013 Mar 2014 Jun 2014 Sep 2014 Dec 2014 11.000.000 11.753.271 12.143.458 12.534.712 12.968.481 10.966.071 11.224.846 11.778.827 12.742.749 14.298.435

Target Kredit 2014 Realisasi Kredit

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Berikut tabel kredit yang diberikan berdasarkan sektor Here are table of loans based on economy sector (in million ekonomi (dalam jutaan rupiah) Rupiah)

No Keterangan / Description 2012 2013 2014

1 Rumah tangga / Household 2.792.192 2.775.058 3.301.612 2 Perdagangan besar dan eceran / Wholesale and retail trade 1.878.906 2.193.249 3.140.302 3 Perantara keuangan / Financial Intermediary 770.428 885.485 1.549.650 Real estate, usaha persewaan, dan jasa perusahaan / Real Estate, 4 553.992 1.014.499 982.577 leasing service, and Company service 5 Industri pengolahan / Manufacturing Industry 1.753.800 1.301.116 1.847.314 6 Pertambangan dan penggalian / Mining and Excavation 507.234 698.638 419.615 Transportasi, pergudangan, dan komunikasi / Transportation, 7 281.263 325.244 395.499 Warehousing and Communication Jasa kemasyarakatan, sosial budaya, hiburan, dan jasa perorangan 8 lainnya / Social Service, social culture , entertainment, and other 253.794 419.045 552.437 individual services 9 Konstruksi / Construction 262.589 256.393 835.785 Penyediaan akomodasi dan penyediaan makan minum / 10 141.996 51.816 77.469 Accommodation, Food & Beverage Supply Pertanian, perburuan, dan kehutanan / Agriculture, Hunting, and 11 56.397 267.392 603.477 Forestry 12 Listrik, air, dan gas / Electricity, Water, and Gas 37.328 19.813 3 13 Jasa pendidikan / Educational Services 63.069 28.286 18.373 14 Perikanan / Fishery 11.005 16.023 15.264 Jasa kesehatan dan kegiatan sosial / Health services and social 15 2.605 881 813 activities Jasa perorangan yang melayani rumah tangga / Individual services for 16 - 120 229 households 17 Lain-lain / Others 1.019.486 713.013 558.016 TOTAL 10.386.084 10.966.071 14.298.435

Berikut tabel kredit yang diberikan berdasarkan sisa umur Here are table of loans based on remaining maturity. jatuh tempo.

No Keterangan / Description 2012 2013 2014

1 < 1 tahun / year 5.131.105 4.885.034 6.598.872 2 > 1 - 2 tahun / year 2.009.219 1.869.105 2.753.796 3 > 2 - 5 tahun / year 2.986.859 3.744.211 3.786.847 4 > 5 tahun / year 258.901 467.721 1.158.920 TOTAL 10.386.084 10.966.071 14.298.435

Dari total pembiayaan 2014, sebesar 57,89% merupakan From total financing in 2014, amounted to 57.89% is fasilitas kredit Modal Kerja, 23,19% Kredit Konsumsi dan Working Capital Credit, 23.19% is Customer Credit and 18,92% adalah Kredit Investasi. 18.92 is Investment Credit.

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Berikut adalah tabel yang menggambarkan kredit yang Here are the table which describe Company loans based on diberikan Perseroan berdasarkan jenis penggunaan: type of usage

No Keterangan / Description 2012 2013 2014

1 Modal kerja / Work Capital 5.084.564 5.757.863 8.276.693 2 Investasi / Investment 1.504.058 1.755.573 2.705.890 3 Konsumsi / Consumption 3.797.462 3.452.637 3.315.852 TOTAL 10.386.084 10.966.073 14.298.435

Penyaluran pembiayaan Bank Sinarmas kepada 25 Debitur Distribution of Bank Sinarmas financing to 25 Core debtors Inti sampai dengan akhir Desember 2014 tercatat sebesar until the end of December 2014 is recorded at Rp6,214 Rp6.214 miliar atau sebesar 43,46% dari total kredit billion or amounted to 43.46% from total credit of Bank Bank Sinarmas. Berikut adalah tabel 25 Debitur Inti Bank Sinarmas. Here are the table of Bank Sinarmas Core Debtors Sinarmas: Nama Debitur / Outstanding Group (dalam Jutaan Sektor Ekonomi No. Name of Rp / in Million Economic Sector Debtor/Group Rp)

Perdagangan Besar dan Eceran / Wholesale and Retail Trade Perdagangan Besar dan Eceran / Wholesale and Retail Trade 1 A Group 655.000 Perdagangan Besar dan Eceran / Wholesale and Retail Trade Bukan Lapangan Usaha Lainnya / Other Non-Business Sector Jasa Kemasyarakatan, Sosial Budaya, Hiburan dan Perorangan Lainnya / - Social 2 B Group 518.039 Service, Social Culture, Entertainment and individual services Industri Pengolahan / Manufacturing Industry Real Estate, Usaha Persewaan, dan Jasa Perusahaan / Real Estate, Leasing Service, 3 C 414.897 and Company Service 4 D 348.000 Perantara Keuangan / Financial Intermediary Konstruksi / Construction 5 E Group 312.535 Perantara Keuangan / Financial Intermediary Perantara Keuangan / Financial Intermediary Transportasi, Pergudangan dan Komunikasi / Transportation, Warehousing and Communication 6 F Group 309.427 Jasa Kemasyarakatan, Sosial Budaya, Hiburan dan Perorangan Lainnya / Social Service, Social Culture, Entertainment and other Individual Services Perdagangan Besar dan Eceran / Wholesale and Retail Trade 7 G Group 289.149 Pertambangan dan Penggalian / Mining and Excavation 8 H 264.767 Perantara Keuangan / Financial Intermediary Real Estate, Usaha Persewaan, dan Jasa Perusahaan / Real Estate, Leasing Service, 9 I 260.085 and Company Service 10 J 249.429 Perdagangan Besar dan Eceran / Wholesale and Retail Trade 11 K 246.902 Perantara Keuangan / Financial Intermediary

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Nama Debitur / Outstanding Group (dalam Jutaan Sektor Ekonomi No. Name of Rp / in Million Economic Sector Debtor/Group Rp)

Real Estate, Usaha Persewaan, dan Jasa Perusahaan / Real Estate, Leasing Service, and Company Service 12 L Group 245.207 Real Estate, Usaha Persewaan, dan Jasa Perusahaan / Real Estate, Leasing Service, and Company Service Konstruksi / Construction 13 M 243.015 Industri Pengolahan / Manufacturing Industry 14 N 234.019 Konstruksi / Construction Perdagangan Besar dan Eceran / Wholesale and Retail Trade 15 O Group 189.762 Perdagangan Besar dan Eceran / Wholesale and Retail Trade 16 P 182.069 Konstruksi / Construction Real Estate, Usaha Persewaan, dan Jasa Perusahaan / Real Estate, Leasing Service, and Company Service 17 Q Group 173.663 Industri Pengolahan / Manufacturing Industry Industri Pengolahan / Manufacturing Industry Real Estate, Usaha Persewaan, dan Jasa Perusahaan / Real Estate, Leasing Service, 18 R 158.857 and Company Service Perdagangan Besar dan Eceran / Wholesale and Retail Trade 19 S Group 147.870 Perdagangan Besar dan Eceran / Wholesale and Retail Trade Industri Pengolahan / Manufacturing Industry 20 T 146.385 Perantara Keuangan / Financial Intermediary 21 U 145.163 Pertanian, Perburuan dan Kehutanan / Agriculture, Hunting, and Forestry 22 V 125.639 Konstruksi / Construction 23 W 122.871 Industri Pengolahan / Manufacturing Industry 24 X 121.460 Perdagangan Besar dan Eceran / Wholesale and Retail Trade Transportasi, Pergudangan dan Komunikasi / Transportation, Warehousing and 25 Y 110.194 Communication Total 25 Debitur Inti / Core 6.214.404 Debtors

Kualitas aset kredit juga senantiasa dijaga seiring dengan Quality of loan assets continuously maintained along with pertumbuhan penyaluran pembiayaan. Pada 2014, tingkat the growth of financing distribution. In 2014, rate of Non- kredit bermasalah (Non-Performing Loan atau NPL-Net) Performing Loan / NPL-Net amounted to 2.56%. sebesar 2,56%.

Suku Bunga Dasar Kredit Prime Lending Rate Sesuai dengan Surat Edaran Bank Indonesia No.13/5/ Pursuant to Circular Letter of Bank Indonesia No. 13/5/ DPNP tanggal 08 Februari 2011, perihal transparansi DPNP dated February 8, 2011 on transparency of Prime Informasi Suku Bunga Dasar Kredit (SBDK), Bank Indonesia Lending Rate Information. Bank Indonesia require the entire mewajibkan seluruh Bank Umum dengan Total Assets Commercial Banks with Total Assets exceeding Rp10 trillion

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melebihi Rp10 triliun yang melaksanakan kegiatan usaha which performs conventional business activities in Indonesia secara konvensional di Indonesia untuk menyusun, to arrange, report, and publish the Prime Lending Rate in melaporkan dan mempublikasikan Suku Bunga Dasar Kredit Rupiah which effective since March 31, 2011. (SBDK) dalam Rupiah yang berlaku mulai 31 Maret 2011.

Penerapan pelaporan dan publikasi Suku Bunga Dasar Kredit Implementation of reporting and publication of Prime (SBDK), selain untuk meningkatkan transparansi mengenai Lending Rate (SBDK), other than to improve transparency karakteristik produk perbankan (manfaat, biaya, risiko), regarding banking product characteristic (benefit, cost, juga merupakan salah satu upaya untuk meningkatkan risk), is also one of the effort to improve good governance good governance dan mendorong persaingan yang sehat and encourage healthy competition within banking industry dalam industri perbankan antara lain melalui terciptanya through the creation of better market discipline. disiplin pasar (market discipline) yang lebih baik.

SBDK telah dipublikasi melalui website www.banksinarmas. SBDK has been published through the website www. com. Adapun Laporan SBDK Bank selama periode pelaporan banksinarmas.com. Report of the Bank’s SBDK during the triwulanan 2014 adalah sebagai berikuti: quarterly reporting period of 2014 is as follows: Suku Bunga Dasar Kredit Periode / Period Prime Lending Rate Q1 Q2 Q3 Q4

Kredit Korporasi / Corporate Loan 10,92% 11,19% 11,54% 12,37% Kredit Ritel / Retail Loan 10,92% 11,19% 11,54% 12,37% Kredit Mikro / Micro Loan 10,92% 11,19% 11,54% 12,37% Kredit Konsumsi / KPR - - - - Consumption Loan Non KPR 10,92% 11,19% 11,54% 12,37%

Penanganan Kredit Bermasalah Settlement of Non-Performing Loans Pada akhir Desember 2014, Rasio Non Performing Loan By the end of December 2014, Ratio of Non-Performing (NPL) Net mengalami peningkatan menjadi 2,56% dari Loan (NPL) increased to 2.56% from 2.12 in the previous 2,12% pada tahun sebelumnya. Hal ini disebabkan karena year. This is due to the decline in loan quality from mining memburuknya kualitas kredit dari sektor pertambangan, sector, along with the decline of coal price and weakening seiring dengan penurunan harga batu bara dan melemahnya export demand. permintaan ekspor.

Penanganan kredit bermasalah dilakukan oleh masing- Settlement of Non-Performing Loan is performed by masing cabang yang kemudian bisa dilimpahkan ke Komite each branch which then delegated to Settlement of Non- Penyelesaian Kredit Bermasalah (KPKB). Fungsi-fungsi KPKB Performing Loans Committee (KPKB). Functions of KPKB antara lain melakukan verifikasi atas analisa proposal kredit are; conduct verification of loan proposal analysis which yang akan diselesaikan dan mengambil langkah-langkah will be settled and take necessary steps to settle the Non- yang diperlukan untuk menyelesaikan kredit bermasalah. Performing Loans.

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Dalam Jutaan Rupiah In Million Rupiah

Keterangan / Description 2012 2013 2014

Lancar / Current 9.176.817 9.474.993 12.465.968 Perhatian khusus / Special Mention 877.179 1.214.516 1.429.401 Kurang lancar / Sub Standard 236.999 186.398 187.613 Diragukan / Doubtful 23.779 16.873 18.780 Macet / Loss 71.310 73.291 196.673 Jumlah / Total 10.386.084 10.966.071 14.298.435 Cadangan kerugian penurunan nilai / Allowance for Impairment Loss 92.248 56.333 75.078 Jumlah kredit bersih / Total Loan-Net 10.293.836 10.909.738 14.223.357

3. Kegiatan Penghimpunan Dana 3. Fund Raising Activity Kegiatan penghimpunan dana Bank dilakukan melalui Giro, Funding is carried out by the products, such as Current Tabungan dan Deposito. Posisi pendanaan Bank Sinarmas Account, Savings and Deposits. Bank Sinarmas’ funding pada akhir tahun 2014 adalah sebesar Rp16.946 miliar, position at the end of 2014 was Rp16,946 billion, grew bertumbuh 22,63% dibandingkan tahun sebelumnya 22.63% compared with the previous year at Rp13,819 sebesar Rp13.819 miliar. Dana yang terhimpun disalurkan billion. Then, raised funds are distributed through loans. kembali dalam bentuk Kredit dan kelebihan likuiditas diatur The Bank utilizes the excess liquidity by placing funds on dengan penempatan dana pada Surat Berharga, baik Surat Securities, both Marketable Money Market Securities Berharga Pasar Uang maupun Surat Berharga Pasar Modal and Marketable Capital Market Securities such as Bonds, seperti Obligasi, Reksadana, dan lain - lain yangmemberikan Mutual Funds, and others which give better yield. This fund imbal hasil (yield) lebih baik. Penempatan dana ini dilakukan placement is conducted with intention to prevent idle fund. dengan tujuan untuk mencegah terjadinya idle fund.

Pada akhir tahun 2014, pertumbuhan pada dana pihak At the end of 2014, increase in raised funds was mostly ketigasebagian besar dikontribusi dari peningkatan pada contributed by increase in Deposits amounted to Rp3,699 Deposito, yakni sebesar Rp3.699 miliar atau naik sebesar billion or amounted to 76.89% if compared to the previous 76,89% jika dibandingkan dengan tahun sebelumnya. year. Savings increased by 0.21% compared to last year. Tabungan juga mengalami peningkatan sebesar 0,21% bila While demand Current Account decreased by 15.44% dibandingkan dengan tahun sebelumnya. Sementara Giro compared to the previous year. Accumulation of TPF will be menurun sebesar 15,44% bila dibandingkan dengan tahun improved continuously, especially for Current Account and sebelumnya. Penghimpunan dana nasabah akan terus Savings as well as to maintain Current Account increase. ditingkatkan terutama di Giro dan Tabungan (CASA) serta By the end of December 2014, composition of CASA on menjaga kenaikan pada Deposito. Rasio CASA terhadap TPF decreased 15.40% from 65.19% at the end of 2013 total dana pihak ketiga turun 15,40% dari 65,19% di akhir to 49.79% at the end of 2014. However, on average, tahun 2013 menjadi 49,79% di akhir tahun 2014. Akan CASA ratio only decreased 0.06% from 62.41% in 2013 to tetapi, secara rata-rata, rasio CASA hanya mengalami 62.35% in 2014. penurunan 0,06% dari 62,41% di tahun 2013 menjadi 62,35% di tahun 2014.

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Dalam Jutaan Rupiah In Million Rupiah 2012 2013 2014 Produk No Product Total % Total % Total %

Giro / Current 1 3.151.996 24,51 3.772.352 27,30 3.189.731 18,82 Account 2 Tabungan / Savings 4.148.957 32,26 5.236.420 37,89 5.247.615 30,97 3 Deposito / Deposit 5.559.761 43,23 4.810.289 34,81 8.508.885 50,21 Total 12.860.714 100 13.819.061 100 16.946.231 100 Rata-rata Biaya Dana Pihak Ketiga 4,11% 3,3% 4,6% Average Cost of Third Party Fund

Giro Current Account Pada akhir tahun 2014, Giro tercatat sebesar Rp3.190 miliar. By the end of 2014, total Current Accounts recorded at Angka ini menunjukkan penurunan jika dibandingkan Rp3,190 billion. This figure shows a decrease compared to dengan akhir tahun 2013 yang berjumlah Rp3.772 miliar. 2013, which was amounted at Rp3,772 billion. This 15,44 Penurunan sebesar 15,44% terjadi dikarenakan tingginya % decrease is caused by Demand Deposit that go out volume Giro yang keluar menjelang tanggal 31 Desember near the end of the year, because of customer’s business 2014, baik dikarenakan pemenuhan kebutuhan bisnis need , switched to Deposit or moved to other banks which nasabah, maupun pindahnya dana Giro ke Deposito dan ke offered higher interest rate than Bank Sinarmas. However, bank lain yang memberikan tingkat bunga yang lebih tinggi on average, current accounts’ growth in 2014 amounted to dari Bank Sinarmas. Namun secara rata - rata, pertumbuhan Rp4,730 billion, increased 17.52% from Rp4,025 billion in Giro selama tahun 2014 adalah sebesar Rp4.730 miliar naik 2013. 17,52% dari rata - rata selama tahun 2013 yang berjumlah Rp4.025 miliar.

Tabungan Savings Pada akhir tahun 2014, jumlah dana Tabungan sebesar By the end of 2014, total Savings amounted to Rp5,248 Rp5.248 miliar, meningkat tipis dari tahun 2013 yang billion, slightly increased if compared to position in 2013 at berjumlah Rp5.236 miliar. Hal ini tentunya merupakan Rp5,236 billion. This is obviously the impact of interest rate dampak dari persaingan suku bunga di pasar sehingga competition in the market so that the customer tends to nasabah cenderung menyimpan dana pada Deposito. save their money on Deposits.

Deposito Deposits Total simpanan pada Deposito Berjangka pada akhir tahun Time Deposit Savings by the end of 2014 amounted to 2014 sebesar Rp8.509 miliar, naik 76,89% dari akhir Rp8,509 billion, grew by 76.89% compared to position tahun 2013 sebesar Rp4.810 miliar. Dengan kondisi pasar in 2013 at Rp4,810 billion. With market condition where di mana bank - bank menawarkan tingkat suku bunga banks offered quite high interest rate, then Bank Sinarmas yang cukup tinggi, maka Bank Sinarmas juga melakukan also performed adjustment on interest rate to compete with penyesuaian tingkat suku bunga yang berimbas pada other banks. This is also necessary to maintain the Bank’s meningkatnya penghimpunan Deposito secara signifikan. liquidity and market share of Bank Sinarmas. Penyesuaian tingkat suku bunga dipandang perlu untuk menjaga likuiditas dan market share Bank Sinarmas.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

ANALISIS DAN PEMBAHASAN FINANCIAL PERFORMANCE KINERJA KEUANGAN ANALYSIS AND DISCUSSION

Analisis dan pembahasan kinerja keuangan ini dibuat Analysis and discussion on financial performance is created berdasarkan informasi yang diperoleh dari Laporan Keuangan based on information acquired from Financial Statement of PT. PT. Bank Sinarmas Tbk. yang berakhir pada 31 Desember 2014 Bank Sinarmas Tbk. which ended on December 31, 2014 and dan telah diaudit oleh Kantor Akuntan Publik Moore Stephens has been audited by Public Accountant Firm Moore Stephens yang ditunjuk Perusahaan. Laporan Keuangan Perusahaan telah who was appointed by the Company. The Company’s Financial memperoleh pendapat wajar, dalam semua hal yang material. Statement has acquired reasonable opinion, in all material respects.

Laporan Posisi Keuangan STATEMENTS OF FINANCIAL POSITION a. Total Aset a. Total Assets Pertumbuhan Uraian 2012 2013 2014 Growth in Description 2013 - 2014

Kas / Cash 283.214 375.908 370.991 (1,31%) Giro pada Bank Indonesia / Demand deposits with Bank Indonesia 1.441.593 1.461.477 1.534.185 4,97% Giro pada Bank Lain / Demand deposits with other Banks 448.234 247.772 379.910 53,33% Penempatan pada bank lain dan Bank Indonesia / Placement with 553.334 1.510.764 1.693.348 12,09% other banks and Bank Indonesia Efek-efek Bersih / Net Securities 1.232.912 1.355.092 1.457.330 7,54% Pihak ketiga / Third Parties 1.233.039 1.355.340 1.457.454 Cadangan kerugian penurunan nilai / Allowance for impairment (127) (248) (124) losses Efek yang dibeli dengan janji jual kembali / Securities Purchased - 139.212 - - under agreement to resell Pihak ketiga / Third parties - 139.348 - Bunga diterima dimuka yang belum diamortisasi / Unamortized - (136) - interest received in advance Kredit yang diberikan Bersih / Loans-Net 10.293.836 10.909.738 14.223.357 30,37% Pihak berelasi / Related parties 1.427.069 944.678 818.780 Pihak ketiga / Third parties 8.959.015 10.021.393 13.479.655 Cadangankerugian penurunan nilai / Allowance for impairment (92.248) (56.333) (75.078) losses Tagihan Akseptasi Pihak Ketiga / Acceptance Receivables of Third - 238.324 67.836 (71,54%) Parties Penyertaan modal sementara / Temporary capital inclusion - - 173.800 - Pendapatan bunga akrual / Interest receivable 63.622 73.261 83.429 13,88% Biaya dibayar di muka / Prepaid Expenses 130.561 265.222 355.139 33,90% Aset Tetap Bersih / Net Fixed Assets 494.110 544.440 584.058 7,28% Biaya perolehan / Cost 634.371 739.508 844.300 Akumulasi penyusutan / Accumulated depreciation (140.261) (195.068) (260.242)

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Pertumbuhan Uraian 2012 2013 2014 Growth in Description 2013 - 2014

Aset Ijarah-Bersih / Ijarah Assets-Net 46.513 104.556 84.180 (19,49%) Biaya perolehan / Cost 75.191 126.015 173.733 Akumulasi penyusutan / Accumulated depreciation (28.678) (21.459) (78.765) Cadangan kerugian penurunan nilai / Allowance for impairment - - (10.788) losses Aset Lain-Lain Bersih / Other Net Assets 163.963 221.689 251.986 13,67% Jumlah Aset / Total Assets 15.151.892 17.447.455 21.259.549 21,85%

Untuk tahun buku yang berakhir pada 31 Desember 2014, For the fiscal year ended on December 31, 2014, assets of Bank aset Bank Sinarmas sebesar Rp21.260 miliar, menunjukan Sinarmas amounted to Rp21,260 billion, increased progressively penigkatan 21,85% dari tahun 2013 sebesar Rp17.447 miliar. by 21.85% from the year 2013 amounted to Rp17,447 Peningkatan aset ini dipicu oleh naiknya kredit dari Rp10.910 billion. The increase in assets was triggered by rising credit miliar di tahun 2013 menjadi Rp14.223 miliar di tahun from Rp10,910 billion in 2013 to Rp14,223 billion in 2014. In 2014. Selain itu, terdapat pula peningkatan pada efek-efek, addition, there is also an increase in securities, placements with penempatan pada bank lain dan Bank Indonesia serta giro pada other banks and Bank Indonesia and demand deposits with bank lain dari Rp3.114 miliar di tahun 2013 menjadi Rp3.531 other banks, from Rp3,114 billion in 2013 to Rp3.531 billion miliar di tahun 2014. in 2014.

Kas Cash Pada 2014, kas Perusahaan tercatat sebesar Rp371 miliar, In 2014, the Company’s cash is amounted to Rp371 billion, a menurun 1,31% dari tahun 2013 yang tercatat sebesar Rp376 decrease of 1.31% from 2013 which was recorded at Rp376 miliar. Penurunan ini bertujuan untuk mengurangi idle money billion. The decrease is intended to reduce the idle money at di kantor-kantor cabang. branch offices.

Giro pada Bank Indonesia Demand Deposits with Bank Indonesia Pada 2014, penyimpanan giro pada Bank Indonesia tercatat In 2014, demand deposits with Bank Indonesia was recorded sebesar Rp1.534 miliar, meningkat 4,97% dari tahun 2013 yang at Rp1,534 billion, an increase of 4.97% from year 2013 which tercatat sebesar Rp1.461 miliar. Peningkatan ini seiring dengan was recorded at Rp1,461 billion. This increase is in line with the meningkatnya jumlah Dana Pihak Ketiga Bank Sinarmas. increasing number of third party funds of Bank Sinarmas.

Giro pada Bank Lain Demand Deposits with Other Banks Penyimpanan giro pada Bank lain mengalami peningkatan Demand deposits with other banks increased from Rp248 dari Rp248 miliar pada tahun 2013 menjadi Rp380 miliar pada billion in 2013 to Rp380 billion in 2014. This increase was due tahun 2014. Kenaikan ini terjadi karena adanya peningkatan to an increase of needs for visa network transaction settlement. kebutuhan settlement transaksi jaringan visa.

Penempatan pada Bank lain dan Bank Indonesia Placements with Other Banks and Bank Indonesia Penempatan pada bank lain dan Bank Indonesia tercatat sebesar Placements with other banks and Bank Indonesia amounted to Rp1.693 miliar di tahun 2014, bertumbuh 12,09% dari tahun Rp1,693 billion in 2014, grew 12.09% from year 2013 which 2013 yang tercatat sebesar Rp1.511 miliar. Peningkatan jumlah was recorded at Rp1,511 billion. The increase in the amount of dana yang ditempatkan di fasilitas simpanan Bank Indonesia funds placed in Bank Indonesia deposit facility (FASBI) caused (FASBI) menyebabkan naiknya penempatan pada bank lain dan an increase in placements with other banks and Bank Indonesia. Bank Indonesia.

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Efek-efek Bersih Net Securities Seluruh surat berharga (efek-efek bersih) yang dimiliki Bank All securities (net securities) owned by Bank Sinarmas in 2014 Sinarmas pada tahun 2014 dan 2013 merupakan efek-efek and 2013 are securities that issued by third parties. Total net yang diterbitkan oleh pihak ketiga. Jumlah efek-efek bersih securities in 2014 and 2013 respectively amounted to Rp1,457 pada tahun 2014 dan 2013 masing-masing sebesar Rp1.457 billion and Rp1,355 billion, or there is a growth of 7.54%. This miliar dan Rp1.355 miliar, atau terdapat pertumbuhan sebesar increase is the allocation of funds to productive assets that can 7,54%. Peningkatan ini merupakan pengalokasian dana ke give higher yields. aset-aset produktif yang dapat memberikan imbal hasil yang lebih tinggi.

Aset tetap Bersih Net Fixed Assets Sejalan dengan peningkatan kualitas sistem operasi berbasis In line with the improvement of technology-based operating teknologi serta untuk meningkatkan produktivitas, Bank system quality and to increase productivity, Bank Sinarmas Sinarmas melakukan penambahan perangkat lunak, perangkat has added up software, hardware and office equipment. This keras dan peralatan kantor. Hal ini mendorong naiknya jumlah encouraged the increased number of net fixed assets from aset tetap bersih dari Rp544 miliar menjadi sebesar Rp584 Rp544 billion to Rp584 billion or an increase of 7.28% at the miliar di akhir tahun 2014 atau naik 7,28% end of 2014.

Aset Lain-lain Bersih Other Net Assets Pada tahun 2014, aset lain-lain bersih naik 13,67% menjadi In 2014, net other assets is increased by 13.67% to Rp252 billion sebesar Rp252 miliar dari tahun 2013 yang sebesar Rp222 from year 2013 which was recorded at Rp222 billion. There is a miliar. Terdapat kenaikan yang cukup signifikan pada pos significant increase in foreclosed properties (foreclosed assets) agunan yang diambil alih (AYDA) sebesar 137,01% menjadi by 137.01% to Rp52 billion, to resolve the problem loans Rp52 miliar, untuk menyelesaikan kredit bermasalah melalui through foreclosure scheme. skema pengambilalihan agunan. b. Total Liabilitas b. Total Liabilities

Uraian 2012 % 2013 % 2014 %

Liabilitas segera / Liabilities Immediately Payable 204.852 1,54 236.072 1,61 137.857 0,76 Simpanan / Deposits 12.860.714 96,51 13.819.061 94,05 16.946.231 93,63 Pihak berelasi / Related parties 3.717.006 27,89 3.299.063 22,45 3.063.863 16,93 Pihak ketiga / Third parties 9.143.708 68,61 10.519.998 71,60 13.882.368 76,70 Simpanan dari bank lain / Deposits from other 152.335 1,14 256.681 1,75 766.197 4,23 banks Pihak berelasi / Related parties 31.342 0,24 36.199 0,25 17.336 0,10 Pihak ketiga / Third parties 120.993 0,91 220.482 1,50 748.861 4,14 Utang pajak / Taxes payable 18.844 0,14 31.878 0,22 28.224 0,16 Liabilitas akseptasi / Acceptances payable - - 238.324 1,62 67.836 0,37 Surat berharga yang diterbitkan / Securities 431 0,00 355 0,00 355 0,00 issued Beban bunga akrual / Accrued interest 21.584 0,16 16.925 0,12 31.930 0,18 Liabilitas pajak tangguhan - bersih / Deferred 39.563 0,30 62.341 0,42 84.048 0,46 tax liabilities - net

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Uraian 2012 % 2013 % 2014 %

Liabilitas imbalan kerja jangka panjang / Long- 17.419 0,13 19.529 0,13 20.109 0,11 term employee benefits liabilities Liabilitas lain-lain / Other liabilities 10.542 0,08 12.029 0,08 16.280 0,09 Jumlah Liabilitas / Total Liabilities 13.326.284 100,00 14.693.195 100,00 18.099.067 100,00

Liabilitas PT. Bank Sinarmas Tbk. yang berakhir pada 31 PT. Bank Sinarmas Tbk. liabilities on December 31, 2014 and Desember 2014 dan 31 Desember 2013, masing-masing December 31, 2013, were Rp18,099 billion and Rp14,693 adalah sebesar Rp18.099 miliar dan Rp14.693 miliar. Total billion respectively. Total liabilities increased by 23.18% due to liabilitas mengalami peningkatan sebesar 23,18% karena increase in Third Party Funds by 76.88%, causing the increase adanya peningkatan pada Deposito sebesar 76,9%, serta in deposit interest expenses as much as 198.50% compared to peningkatan simpanan dari bank lain naik sebesar 198,50% year 2013. bila dibandingkan tahun 2013.

Liabilitas Segera Liabilities Immediately Payable Di akhir tahun 2014, Bank Sinarmas mencatat liabilitas At the end of 2014, Bank Sinarmas recorded liability immediately segera sebesar Rp138 miliar, turun 41,60% dibanding tahun payable at Rp138 billion, decreased by 41.60% compared to 2013 yang sebesar Rp236 miliar. Penurunan terjadi karena year 2013, which was amounted to Rp236 billion. The decline berkurangnya transaksi pengiriman uang dalam valuta asing occurred due to the reduced remittance transactions in foreign yang belum diselesaikan pada akhir tahun 2014 dibanding currencies that have not been completed by the end of 2014 dengan tahun 2013. compared to year 2013.

Simpanan dari Bank Lain Deposits from Other Banks Simpanan dari bank lain dan lembaga lainnya terdiri dari giro, Deposits of other banks and other institutions consist of demand deposito berjangka, interbank call money dan sertifikat investasi deposits, time deposits, interbank call money and mudaraba mudharabah antar bank syariah. Pos ini digunakan untuk investment certificates among Islamic Banks. This post is used transaksi antar bank dalam rangka operasional dan manajemen for interbank transactions in the context of liquidity operation likuiditas. Posisi simpanan dari bank lain dan lembaga lainnya di and management. The position of deposits from other banks akhir tahun 2014 adalah sebesar Rp766 miliar, naik 198,50% and other institutions at the end of 2014 is amounted to Rp766 dari tahun sebelumnya yang tercatat sebesar Rp257 miliar. billion, an increase of 198.50% from the previous year which were recorded at Rp257 billion.

Liabilitas Lainnya Other Liabilities Liabilitas lainnya terdiri dari liabilitas derivatif, pendapatan Other liabilities consist of derivative liabilities, unearned diterima dimuka, setoran jaminan, premi penjaminan income, deposit guarantees, government insurance premium, pemerintah dan lain-lain. Nilai liabilitas lainnya naik 35,34% and others. The value of other liabilities increased by 35.34%, dari Rp12 miliar pada akhir tahun 2013 menjadi Rp16 miliar from Rp12 billion at the end of 2013 to Rp16 billion in 2014. pada 2014.

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c. Ekuitas c. Equity Uraian Pertumbuhan 2012 2013 2014 Description 2013 - 2014

Modal saham - nilai nominal Rp100 (dalam Rupiah penuh) per saham Modal dasar - 20.000.000.000 saham Modal ditempatkan dan disetor - 14.040.168.349 saham pada 31 Desember 2014 dan 13.116.881.498 saham pada 31 Desember 2013 1.028.384 1.311.688 1.404.016 7,04% Capital stock - Rp100 (in full Rupiah) par value per share Authorized - 20,000,000,000 shares Issued and paid-up 14,040,168,349 shares as of December 31, 2014 and 13,116,881,498 shares as of December 31, 2012 Tambahan modal disetor - bersih / Additional paid-in capital 342.032 766.224 920.494 20,13% - net Rugi yang belum direalisasi atas penurunan nilai wajar efek tersedia untuk dijual / Unrealized loss on decrease in fair (33.058) (33.002) (28.310) (14,22%) value of available for sale securities Saldo laba / Retained earnings Ditentukan penggunaannya / Appropriated 4.000 4.500 5.000 11,11% Tidak ditentukan penggunaannya / Unappropriated 484.250 704.850 859.282 21,91% Jumlah ekuitas / Total Equity 1.825.608 2.754.260 3.160.482 14,75%

Jumlah ekuitas PT. Bank Sinarmas Tbk. tahun 2014 naik In 2014, total equity of PT. Bank Sinarmas Tbk. increased to menjadi Rp3.160 miliar. Angka ini meningkat 14,75% dari Rp3,160 billion, increased by 14.75% from year 2013 which tahun 2013 yang berjumlah Rp2.754 miliar. Peningkatan was amounted to Rp2,754 billion. The increase was due ekuitas ini dikarenakan adanya exercise waran seri I dan II to the exercise of warrants I and II as well as the increase in serta penambahan saldo laba ditahan selama tahun 2014. Di retained earnings for the year 2014. In addition, in October samping itu, pada bulan Oktober dan November 2014, Bank and November 2014, the Bank increased its capital through the telah melakukan penambahan modal melalui penerbitan saham issuance of new shares without Rights issue. baru tanpa Hak Memesan Efek Terlebih Dahulu (Non-HMETD).

Struktur permodalan PT. Bank Sinarmas Tbk. berhasil PT. Bank Sinarmas Tbk. capital structure has been maintained dipertahankan dan berada pada level yang sehat dengan rasio and is in healthy level with Capital Adequacy Ratio (CAR) of kecukupan modal/kewajiban penyediaan modal minimum 18.38% at the end of 2014. The value exceeded the minimum (Capital Adequacy Ratio-CAR) sebesar 18,38% pada akhir requirements set by Bank Indonesia, which is 8%. tahun 2014. Nilai ini melebihi persyaratan minimum yang ditentukan oleh Bank Indonesia, yaitu 8%.

Laporan Laba Rugi INCOME STATEMENTS Pendapatan Bunga Bersih Net Interest Incomes Pada tahun 2014, pendapatan bunga bersih PT. Bank Sinarmas In 2014, net interest incomes of PT. Bank Sinarmas Tbk. is Tbk. tercatat sebesar Rp988 miliar, meningkat 19,52% dari amounted to Rp988 billion, an increase of 19.52% from tahun sebelumnya yang berjumlah Rp826 miliar. Peningkatan previous year which was recorded at Rp826 billion. This increase ini dikarenakan adanya pertumbuhan pada portofolio kredit was due to growth in the loan portfolio and net interest margin. serta meningkatnya net interest margin.

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Pendapatan bunga tumbuh sebesar 29,09% atau Rp404 miliar Interest income grew by 29.09% or Rp404 billion to Rp1,795 menjadi Rp1.795 miliar pada tahun 2014, dari Rp1.390 miliar billion in 2014, from Rp1,390 billion in 2013. The increase pada tahun 2013. Peningkatan ini terutama ditopang oleh was mainly supported by the increase in interest income of peningkatan pada pendapatan bunga kredit yang disalurkan loans disbursed in the amount of 30.97% or increased by yaitu sebesar 30,97% atau bertambah Rp378 miliar, sejalan Rp378 billion, in line with the increase in the volume of loans dengan peningkatan pada volume kredit yang disalurkan disbursed and an increase in interest rates. Loan interest income dan peningkatan suku bunga. Pendapatan bunga kredit contributed 89.06% of total interest income. berkontribusi 89,06% dari keseluruhan pendapatan bunga.

Selain pendapatan bunga dari kredit, pendapatan bunga atas In addition to interest income from loans, interest income on penempatan pada bank lain dan Bank Indonesia merupakan placements with other banks and Bank Indonesia is the second- kontributor kedua terbesar, yaitu 5,33% dari total pendapatan largest contributor with 5.33% from total interest income. bunga. Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia grew 21.83% bertumbuh 21,83% atau Rp17 miliar menjadi Rp96 miliar pada or Rp17 billion to Rp96 billion in 2014, from Rp79 billion in tahun 2014, dari Rp79 miliar pada tahun 2013. Pertumbuhan 2013. The growth in interest income is due to the increase pada pendapatan bunga ini dikarenakan meningkatnya rata- in the average placement of Bank Indonesia deposit facility rata penempatan pada fasilitas simpanan Bank Indonesia (FASBI). (FASBI).

Imbal hasil yang diterima Bank Sinarmas atas keseluruhan Yields received by Bank Sinarmas on the overall portfolio of portofolio aktiva produktif tercatat sekitar 9,39% pada tahun earning assets were approximately 9.39% in 2014, an increase 2014, meningkat 95 bps dibandingkan 8,44% pada tahun of 95 bps compared to 8.44% in 2013. 2013.

Pada tahun 2014, beban bunga yang dibayarkan perusahaan In 2014, the company paid interest expense increased by meningkat 43,12% atau Rp243 miliar menjadi Rp807 miliar, 43.12% or Rp243 billion to Rp807 billion from Rp564 billion in dari Rp564 miliar di tahun 2013. Di tengah tingginya tingkat 2013. In the midst of the high level of interest rates on deposits suku bunga deposito perbankan nasional, maka untuk of national banks, to ensure that liquidity is maintained, Bank memastikan agar likuiditas tetap terjaga Bank Sinarmas Sinarmas adjusted the interest rate deposits. In line with the melakukan penyesuaian tingkat suku bunga deposito. Sejalan increase in deposit rates were pushed up deposits collected by dengan kenaikan suku bunga deposito yang mendorong naik 76.89%, the deposit interest expense increased by 60.26% or dana deposito yang terhimpun sebesar 76,89%, beban bunga Rp158 billion to Rp419 billion. Cost of fund deposits increased deposito meningkat 60,26% atau Rp158 miliar menjadi Rp419 to 6.28% in 2014, or grew 170 bps from year 2013. miliar. Cost of fund deposito meningkat menjadi 6,28% pada tahun 2014, atau bertumbuh 170 bps dari tahun 2013.

Beban bunga tabungan bertumbuh 22,08% seiring dengan Interest expense savings increased by 22.08% in line with naiknya rata - rata dana tabungan sebesar Rp424 miliar atau increase in the average savings fund by Rp424 billion or menjadi Rp4.787 miliar. Kenaikan beban bunga disertai become Rp4,787 billion. The increase in interest expense was dengan naiknya cost of fund tabungan sebesar 50 bps menjadi accompanied by cost of funds on savings which grew 50 bps 5,40%. Sementara itu, beban bunga giro juga bertumbuh to 5.40%. Meanwhile, demand deposit interest expense also dengan naiknya rata - rata dana giro dari Rp4.025 miliar grew due to the increase in the average demand deposits funds menjadi Rp4.730 miliar, namun cost of fund atas giro relatif from Rp4,025 billion to to Rp4,730 billion. However, cost of stabil di kisaran 1,30%. Diluar beban bunga dari dana pihak funds on demand deposits was relatively stable at the level of

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ketiga, beban bunga atas simpanan dari bank lain meningkat 1.30%. Excluding interest expense from third party funds, the menjadi Rp31 miliar dari Rp2 miliar pada tahun 2013 yang interest expense on deposits from other banks increased to dikarenakan adanya kenaikan sebesar Rp510 miliar pada dana Rp31 billion from 2 billion in 2013 due to an increase of Rp510 simpanan dari bank lain. billion in deposits from other banks.

Pertumbuhan pendapatan bunga yang cukup signifikan The significant growth of interest income pushed up net mendorong naik pendapatan bunga bersih sebesar 19,52% interest income by 19.52% to Rp988 billion in 2014 compared menjadi Rp988 miliar pada tahun 2014 dibandingkan dengan to Rp826 billion in 2013. Net interest margin increased to Rp826 miliar pada tahun 2013. Net interest margin meningkat 5.87% in 2014 from 5.23% in 2013. menjadi 5,87% pada tahun 2014 dari 5,23% pada tahun 2013.

Pendapatan Operasional Lainnya Other Operating Revenues Pendapatan operasional lainnya mengalami penurunan sebesar Other operating revenues decreased by 8.77% to Rp251 billion 8,77% menjadi Rp251 miliar di tahun 2014 dari Rp275 miliar di in 2014 from Rp275 billion in 2013. The decrease was due to a tahun 2013. Penurunan ini disebabkan oleh penurunan pada decrease in fee and commission income in addition to credits, pendapatan provisi dan komisi selain dari kredit, terutama dari especially from bancassurance commission income which pendapatan komisi bancassurance yang turun Rp39 miliar decreased by Rp39 billion due to a decrease in outstanding seiring dengan penurunan pada nilai outstanding. value.

Di sisi lain, terdapat pula peningkatan pada pendapatan On the other hand, there is also an increase in other operating operasional lain lainnya yang dikarenakan naiknya keuntungan revenues due to the increase of profits from the sale of dari penjualan efek yang diperdagangkan dari Rp129 juta securities trade from Rp129 million to 9 billion, and an increase menjadi Rp9 miliar, serta peningkatan hasil lelang agunan dari in collateral auction results from Rp62 million to Rp4 billion. Rp62 juta menjadi Rp4 miliar.

Beban Operasional Lainnya Other Operating Expenses Beban operasional lainnya tercatat sebesar Rp1.037 miliar, Other operating expenses amounted to Rp1,037 billion, an meningkat 27,27% dibandingkan posisi tahun 2013. increase of 27.27% compared to the year 2013. The largest Peningkatan terbesar ada pada beban umum dan administrasi increase is in general and administrative expenses increased yang meningkat 25,50% atau sebesar Rp120 miliar, yang by 25.50% or Rp120 billion, which mainly derived from the terutama berasal dari kenaikan beban operasional harian, increase in daily operating expenses, transportation expenses, beban transportasi serta beban pemeliharaan dan perbaikan. and maintenance and repair expense. The increases were in line Kenaikan-kenaikan ini sejalan dengan pengembangan jaringan with the development of office network conducted in 2013, kantor yang dilakukan pada tahun 2013 namun biaya-biaya but the costs incurred are just fully recorded in year 2014. In yang timbul baru tercatat penuh di tahun 2014. Di samping addition, the Bank also increased its capacities and capabilities itu, Bank Sinarmas juga melakukan peningkatan kapasitas dan of information technology and made an investment to improve kapabilitas teknologi informasi serta melakukan investasi untuk the efficiency and profitability of the offices. meningkatkan efisiensi dan profitabilitas kantor-kantor.

Beban tenaga kerja mengalami peningkatan sebesar 19,46% Manpower cost increased by 19.46% or Rp55 billion to Rp337 atau Rp55 miliar, menjadi Rp337 miliar pada tahun 2014. billion in 2014. The increase was in line with increase in number Kenaikan ini sejalan dengan penambahan jumlah karyawan, of employees, increase in salaries and benefits, including kenaikan gaji dan tunjangan, termasuk pemberian bonus serta bonuses and other benefits. tunjangan lainnya.

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Bank Sinarmas fokus kepada pencapaian objektif jangka Bank Sinarmas focuses on long-term objective achievement, panjang yaitu menjadi payment & transaction bank dengan that is payment & transaction Bank with the most complete jaringan distribusi terlengkap dan terintegrasi. Untuk itulah, and integrated distribution network. Thus, the Bank conducts Bank melakukan investasi jangka panjang melalui peningkatan long-term investment through the development of quantity kualitas dan kuantitas sumber daya manusia, serta melakukan and quality of Human Capital, as well as conducts several berbagai persiapan infrastruktur. Hal-hal di atas berdampak infrastructure preparation. These affects on Bank’s operating pada beban operasional bank. expense.

Laba Sebelum Pajak Income Before Tax Laba sebelum pajak yang dibukukan di akhir tahun 2014 Income before tax listed in the end of 2014 is Rp201 billion, sebesar Rp201 miliar, turun 29,78% dari Rp286 miliar pada decreasing 29,78% from Rp286 billion in the end of 2013. akhir tahun 2013.

Laba setelah Pajak Income After Tax Laba bersih PT. Bank Sinarmas Tbk. sebesar Rp155 miliar, turun Net Income of PT. Bank Sinarmas Tbk. is Rp155 billion, 29,93%, dibandingkan dengan tahun 2013 yang sebesar decreasing 29,93% compared to 2013 that was Rp221 billion. Rp221 miliar. Calculation of Profit or Loss (in million Rupiahs)

Perhitungan Laba Rugi (dalam jutaan rupiah) Calculation of Profit or Loss (in million Rupiahs) Pertumbuhan Keterangan 2012 2013 2014 Growth Description 2013 - 2014

Pendapatan bunga bersih / Net interest income 780.192 826.360 987.625 19,52% Pendapatan operasional lainnya / Other operating income 171.150 275.230 251.106 (8,77%) Pendapatan operasional / Operating income 1.622.734 1.665.377 2.045.612 22,83% Beban operasional / Operating expense 1.337.255 1.379.277 1.844.717 33,75% Laba sebelum pajak / Income before tax 285.479 286.100 200.895 (29,78%) Laba bersih / Net income 227.906 221.100 154.932 (29,93%)

Laporan Arus Kas Statements of Cash Flows (dalam jutaan Rupiah) (in million Rupiahs) Keterangan 2012 2013 2014 Description

Kas Bersih yang Diperoleh dari (Digunakan untuk) dari Kegiatan Operasi / (1.112.467) (35.610) 324.116 Net cash obtained from (used to) operating activities Kas Bersih yang Diperoleh dari (Digunakan untuk) dari Kegiatan Investasi / (184.826) (104.846) (104.951) Net cash obtained from (used to) investing activities Kas Bersih yang Diperoleh dari (Digunakan untuk) dari Kegiatan Pendanaan 297.289 707.496 246.598 / Net cash obtained from (used to) financing activities

Pada akhir periode 2014, Perusahaan membukukan saldo In the end of period 2014, the Bank recorded ending cash akhir kas dan setara kas sebesar Rp4.170 miliar dari Rp3.695 balance and cash equivalent amounted to Rp4,170 billion from miliar pada akhir tahun 2013 atau meningkat sebesar 12,86% Rp3.695 billion in the end of 2013, or increasing 12,86%. Peningkatan saldo kas dan setara kas akibat adanya peningkatan The increase of cash balance and cash equivalent is caused DPK yang menyebabkan kenaikan GWM, peningkatan giro by the increase of Third Party Fund, causing the increase of

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pada bank lain untuk keperluan settlement­ transaksi jaringan demand deposits with other banks for the need of visa netwrok visa, peningkatan penempatan pada FASBI serta kenaikan transaction settlement, the increase of placement on FASBI as penempatan efek-efek untuk trading berjangka pendek. well as the increase of effects placement for short-term trading.

Kas dari aktivitas operasi Cash from Operating Activities Pada 2014, total arus kas bersih yang diperoleh dari aktivitas In 2014, total of net cash flows obtained from operating Pada tahun 2014, arus kas bersih yang diterima dari activities increases amounted to Rp324 billion. Net cash flows aktivitasoperasiadalah sebesar Rp324 miliar. Arus kas bersih from operating activities increase along with the increase of dari aktivitas operasi meningkat seiring dengan meningkatnya interest income and profit sharing, as well as the stability of pendapatan bunga dan bagi hasil, serta cukup stabilnya kurs Rupiah’s exchange rate at the end of 2014 compared to the Rupiah di akhir tahun 2014 dibanding depresiasi Rupiah di depreciation of Rupiah in 2013 which amounted to 26.28%. tahun 2013 yang sebesar 26,28%.

Kas dari aktivitas investasi Cash from Investing Activities Arus kas bersih yang dikeluarkan untuk aktivitas investasi Net cash flow used for investing activities in 2014 amounting adalah sebesar Rp105 miliar, yang digunakan untuk investasi to Rp105 billion. The cash was used for investment activities in pembelian aset tetap. fixed assets.

Kas dari aktivitas pendanaan Cash from Financing Activities Arus kas bersih yang diperoleh dari aktivitas pendanaan net cash flow obtained from financing activities during 2014 selama tahun 2014 adalah Rp247 miliar yang berasal dari hasil amounted to Rp247 billion. The source of this fund was konversi waran seri I dan II serta penerbitan saham baru dari conversion of Series I and Series II Warrants, as well as issuance penambahan modal tanpa Hak Memesan Efek Terlebih Dahulu of new shares from the capital increment without pre-emptive (PMTHMETD). rights (non-HMETD).

TARGET DAN REALISASI 2014 Target and Realization 2014 SERTA PROYEKSI KEUANGAN and Financial Projection 2015 2015

Target / Realisasi / Proyeksi / Keterangan Target Realization % Projection Description 2014 2014 2015

Aset / Asset 19.682.805 21.259.549 108,01% 25.331.947 Kredit / Loans 12.968.481 14.298.435 110,26% 16.800.000 DPK / Third Party Funda 15.827.592 16.946.231 107,07% 20.788.000 Giro / Demand Deposits 4.588.659 3.189.731 69,51% 4.789.000 Tabungan / Savings Deposits 6.269.563 5.247.615 83,70% 7.128.000 Deposito / Deposits 4.969.370 8.508.885 171,23% 8.871.000 CASA / CASA (Current Account Saving Account) 69% 50% 57% Laba Sebelum Pajak / Income before tax 277.445 200.895 72,41% 370.464 Laba Setelah Pajak / Income after tax 221.956 154.932 69,80% 296.371

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

KEMAMPUAN MEMBAYAR The Capacity To Pay Debts UTANG DAN TINGKAT and the Level of Receivables KOLEKTIBILITAS PIUTANG Collectability

Kemampuan bank dalam memenuhi seluruh kewajiban, baik Bank’s capacity in paying debts, both long-term debts and kewajiban jangka panjang maupun jangka pendek, dicerminkan short-term debts, is reflected by Solvency and Collectability ratio oleh perhitungan rasio Solvabilitas dan Kolektibilitas, yang calculation that consist of Capital Adequacy Ratio, Collectability terdiri dari Rasio Kecukupan Modal, Rasio Kolektibilitas serta Ratio, as well as Liquidity Ratio. Rasio Likuiditas.

Rasio Kecukupan Modal Capital Adequecy Ratio Rasio kecukupan modal Bank Sinarmas sebesar 18,38%, turun Capital Adequecy Ratio of Bank Sinarmas is 18,38%, decreasing dari angka sebesar 21,82% di tahun 2013. Hal ini sejalan from 21,82% in 2013. It is in line with the increase of credit dengan meningkatnya penyaluran kredit. channeling.

Likuiditas Liquidity Loan to Deposit Ratio (LDR) Loan to Deposit Ratio (LDR) Pada akhir tahun 2014, tercatat rasio LDR adalah sebesar In the end of 2014, it is listed that LDR ratio is 83,88%, 83,88%, naik dari posisi sebesar 78,72% di tahun 2013. increasing from 78,72 in 2013. The increase of LDR shows the Kenaikan LDR ini menunjukan komitmen Bank menjalankan commitment of the Bank in conducting intermediation function fungsi intermediasi dalam penyaluran kredit. in credit channeling.

STRUKTUR MODAL DAN Capital Structure and KEBIJAKAN MANAJEMEN ATAS Management Policy STRUKTUR MODAL regarding Capital Structure

Posisi Kecukupan Modal Bank Sinarmas 2012 2013 2014 Capital Adequecy Position of Bank Sinarmas

Modal Inti / Core capital 1.692.498 2.528.077 2.850.101 Modal Pelengkap / Suplementary Capital 97.637 109.420 126.838 Total ATMR Kredit setelah memperhitungkan risiko spesifik / Total 8.615.340 10.384.365 14.291.448 credit ATMR after calculating specific risk Total ATMR Pasar / Total market ATMR 184.023 213.655 73.526 Total ATMR Operasional / Total opeartional ATMR 1.097.724 1.490.878 1.832.145 Total ATMR untuk Risiko Kredit, Pasar dan Operasional / Total ATMR 9.897.087 12.088.898 16.197.119 for Credit, Operational, and Market Risk Rasio KPMM/CAR dengan memperhitungkan Risiko Kredit / KPMM/ 20,78% 25,40% 20,83% CAR Ratio by calculating Credit Risk

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Posisi Kecukupan Modal Bank Sinarmas 2012 2013 2014 Capital Adequecy Position of Bank Sinarmas

Rasio KPMM/CAR dengan memperhitungkan Risiko Kredit dan Pasar / 20,34% 24,89% 20,72% KPMM/CAR Ratio by calculating Credit and Market Risk Rasio KPMM/CAR dengan memperhitungkan Risiko Kredit dan Operasional / KPMM/CAR Ratio by calculating Credit and Operational 18,43% 22,21% 18,46% Risk Rasio KPMM/CAR dengan memperhitungkan Risiko Kredit, Operasional dan Pasar / KPMM/CAR Ratio by calculating Credit, Operational, and 18,09% 21,82% 18,38% Market Risk

Sesuai dengan Peraturan Bank Indonesia, modal bank terdiri In accordance with Bank Indonesia regulation, Bank Capital atas: consists of: 1. Modal Inti 1. Core Capital Modal bank yang terdiri dari modal saham yang disetor, Bank capital that consists of paid-in capital share, reserve cadangan yang diungkapkan sebagai modal sumbangan, referred as donation capital, additional paid-in capital, tambahan modal disetor, laba ditahan (termasuk saldo laba retained earning (including retained earning referred to yang dicadangkan untuk tujuan tertentu), penurunan nilai particular purpose), impairment of financial instruments to atas instrumen keuangan yang tersedia untuk dijual, dan be sold, and the difference among financial statements of selisih yang terjadi antara laporan keuangan kantor cabang International branch offices. Core capital of Bank Sinarmas internasional. Modal Inti Bank Sinarmas di tahun 2014 in 2014 is Rp2,850 billion, increasing 12,74% from Rp2,528 mencapai Rp2.850 miliar, naik 12,74% dari posisi Rp2.528 billion in 2013, because of additional capital from retained miliar di tahun 2013, karena adanya tambahan modal dari earning components. komponen laba ditahan.

2. Modal Pelengkap (maksimum 100% dari modal inti) 2. Suplementary Capital Total modal pelengkap Bank Sinarmas di tahun 2014 naik Total suplementary capital of Bank Sinarmas in 2014 15,92% menjadi sebesar Rp127 miliar dari tahun 2013 increases 15,92% to be Rp127 billion in result from 2013 sebesar Rp109 miliar, yang dikontribusi oleh kenaikan that was Rp109 billio, that is contributed by the increase of cadangan umum aset produktif. general reserve of earning assets.

Kebijakan Struktur Modal Capital Structure Policy Bank wajib menghitung Rasio Kewajiban Penyediaan Modal The Bank should calculate Capital Adequacy Ratio (CAR) Minimum/Capital Adequacy Ratio (CAR) berdasarkan Peraturan based on Bank Indonesia regulation No. 14/18/PBI/2012 dated Bank Indonesia No. 14/18/PBI/2012 tanggal 28 November November 28, 2012. To fulfill the requirement, Bank Sinarmas 2012. Untuk memenuhi persyaratan tersebut, Bank Sinarmas has several policies to maintain capital structure that can memiliki kebijakan untuk menjaga struktur modal yang mampu anticipate main risks in Bank managements, that are market mengantisipasi seluruh risiko utama yang terjadi di dalam risk, credit risk, and operational risk. Bank Sinarmas capital pengelolaan bank, yaitu risiko pasar, risiko kredit, dan risiko management policy is also referred to maintain strong capital operasional. Kebijakan manajemen modal Bank Sinarmas juga structure to support future business growth. ditujukan untuk mempertahankan struktur modal yang kuat untuk mendukung pertumbuhan bisnis di masa depan.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tujuan utama dari pengelolaan modal Perusahaan adalah Main purpose of Bank’s capital management is to ensure that untuk memastikan bahwa Perusahaan mempertahankan the Bank maintains healthy capital ratio in order to support the rasio modal yang sehat dalam rangka mendukung bisnis dan business and maximize shareholders value. The Bank should memaksimalkan nilai pemegang saham. Perusahaan wajib fulfill KPMM ratio as regulated by Bank Indonesia. untuk memenuhi rasio Kewajiban Penyediaan Modal Minimum (KPMM) sebagaimana ditetapkan oleh Bank Indonesia.

Manajemen menggunakan peraturan rasio permodalan untuk The management uses capital ratio regulation to monitor memantau kecukupan modal, sesuai dengan standar industri. capital adequacy in line with industry standard. Bank Indonesia Pendekatan Bank Indonesia untuk pengukuran modal tersebut approach to measure the capital is mainly based on monitoring terutama didasarkan kepada pemantauan kebutuhan modal of capital resource requirement (measured as 8% in 2014 and yang diwajibkan (diukur sebagai 8% pada tahun 2014 dan 2013, respectively, of risk-weighted assets). Throughout 2014, 2013 dari aset tertimbang menurut risiko) terhadap modal Bank Sinarmas has fulfilled all capital requirement. yang tersedia. Sepanjang tahun 2014, Bank Sinarmas telah memenuhi semua persyaratan modal yang diwajibkan.

IKATAN YANG MATERIAL UNTUK Material Ties for the

INVESTASI BARANG MODAL Investment of Capital Goods

Pada 2014, kami tidak memiliki transaksi yang mengandung In 2014, the Bank did not have any material ties for the ikatan material untuk investasi barang modal. invesment of capital goods transaction.

INFORMASI DAN FAKTA MATERIAL Information and Fact YANG TERJADI SETELAH Material Subsequent to the TANGGAL LAPORAN AKUNTAN Date of Accountant

Setelah tanggal laporan akuntan terdapat informasi dan fakta After the date of accountant, there was information and material yang terjadi yaitu berdasarkan Rapat Umum Pemegang fact material based on Extraordinary General Meeting of Saham Luar Biasa (RUPSLB) pada 24 Maret 2015 yang telah Shareholders (EGMS) dated March 24, 2015 that has been tercatat dalam Akta Berita Acara Rapat No. 81 tertanggal 24 listed in Decree of Meeting Minutes No.81 dated March 24, Maret 2015, pemegang saham menyetujui penambahan 2 2015, the shareholders approved to add 2 (two) Directors by (dua) anggota Direksi dengan mengangkat Bapak Soejanto appointing Mr. Soejanto Soetjijo and Mr. Frenky Tirtowijoyo Soetjijo dan Bapak Frenky Tirtowijoyo Susilo sebagai Direktur, Susilo as the Director, thus total Board of Directos of Bank sehingga jajaran Direksi Bank Sinarmas berjumlah 8 (delapan) Sinarmas are 8 (eight). It also changes organization structure of orang. Hal ini juga mengubah struktur organisasi Perusahaan the Bank ratified on April 1, 2015. yang disahkan pada 1 April 2015.

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INFORMASI MATERIAL Material Information MENGENAI INVESTASI, EKSPANSI, Concerning Investment, DIVESTASI, PENGGABUNGAN/ Expansion, Divestment, PELEBURAN USAHA, AKUISISI, Consolidation/Merger, RESTRUKTURISASI UTANG/MODAl Acquisition or Debt/Capital Restructuring

Perusahaan dan pemegang saham PT Teknology Energy The Company and shareholders of PT Teknology Energy Terpadu (TET), debitur Perusahaan, menandatangani Perjanjian Terpadu (TET), Company Debtor, signed the Agreement of Jual Beli Saham yang didokumentasikan dalam Akta No. 24 dan Shares Trade which was documented in Deed No.24 and 26 26 tanggal 7 November 2014 dari Yulia S.H., notaris di Jakarta, dated November 7, 2014 from Yulia S.H., notary in Jakarta, untuk 600 lembar saham (100%) PT Artha Pilar Perkasa (APP) for 600 shares (100%) of PT Artha Pilar Perkasa (APP) that yang dimiliki oleh pemegang saham TET dan bergerak di bidang is owned by shareholders of TET and engage in the field of perdagangan, jasa, pembangunan dan industri. Penjualan trade, service, construction & industry. Sales are carried out in tersebut dilakukan sehubungan dengan restrukturisasi connection with the Company’s bill restructuring to TET. Sales tagihan Perusahaan kepada TET. Penjualan saham tersebut of shares have acquired approval in the Extraordinary General telah mendapat persetujuan dalam Rapat Umum Luar Biasa Meeting of APP Shareholders on February 28, 2015. Pemegang Saham APP pada tanggal 28 Februari 2015.

Perusahaan membukukan pembelian saham APP tersebut The Company recorded purchase of APP shares as Temporary sebagai Penyertaan Modal Sementara. Dengan mengacu pada Capital Investment. . Referring to the Regulation of Bank Peraturan Bank Indonesia No. 15/11/PBI/2013 tentang Prinsip Indonesia No. 15/11/PBI/2013 regarding Principle of Prudent in Kehati-hatian dalam Kegiatan Penyertaan Modal, Perusahaan Capital Investment Activity, the Company does not consolidate tidak mengkonsolidasikan penyertaan modal sementara the temporary capital investment in the Company’s financial tersebut dalam laporan keuangan Perusahaan, karena statement, due to such statement is temporary and have penyertaan tersebut bersifat sementara dan memiliki bidang different line of business with the Company. usaha yang berbeda dengan Perusahaan.

Penyertaan modal sementara pada APP tersebut akan Temporary Capital Investment on APP will be released through dilepaskan melalui penjualan. Manajemen berkeyakinan bahwa sales. The Management is confident that temporary capital penyertaan modal sementara tersebut dapat dijual dalam investment can be sold in the near future. waktu dekat.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

INFORMASI TRANSAKSI MATERIAL MATERIAL INFORMATION YANG MENGANDUNG BENTURAN TRANSACTION WHICH CONTAINS KEPENTINGAN DAN TRANSAKSI CONFLICT OF INTEREST AND DENGAN PIHAK Berelasi TRANSACTION WITH RELATED PARTIES

Bank Sinarmas juga melakukan transaksi dengan pihak-pihak Bank Sinarmas also perform transactions with parties who have yang memiliki hubungan istimewa yang cukup berpengaruh special relationship which will slightly affect the Company’s pada kegiatan operasional Perseroan. Adapun hubungan operational activity. The relationship has been carried out tersebut telah dilaksanakan dengan persyaratan yang sama with the same requirements which applies to the third parties, dengan yang berlaku bagi pihak ketiga, antara lain: among others: 1. Sewa gedung dan asuransi atas aset tetap bank, 1. Building rent and insurance on the Bank’s fixed assets, kecuali tanah except land Pada 31 Desember 2014 dan 2013, aset tetap Perusahaan On December 31, 2014 and 2013, the Company’s fixed kecuali tanah, diasuransikan kepada PT Asuransi Sinar Mas assets except land, Is insurance to PT Asuransi Sinar Mas dengan nilai pertanggungan seluruhnya masing-masing with the entire sum insured amounted to Rp686 billion and sebesar Rp686 miliar dan Rp 658 miliar. Rp658 billion respectively.

2. Transaksi komitmen dan Kontinjensi berupa L/C dan 2. Commitment and Contingent transaction in form of bank garansi. L/C and bank guarantee Pada 31 Desember 2014 dan 2013, saldo transaksi On December 31, 2014 and 2013, balance of commitment komitmen dan kontinjensi (berupa L/C dan bank garansi) and contingent transaction (in form of L/C and bank dengan pihak berelasi masing-masing sebesar Rp197 miliar guarantee) with related parties amounted to Rp197 billion dan Rp139 miliar. Saldo jaminan tunai dari pihak berelasi and Rp139 billion respectively. Balance of cash collateral sehubungan dengan transaksi L/C dan bank garansi pada from related parties in connection with L/C transaction and 31 Desember 2014 dan 2013 masing-masing sebesar bank guarantee on December 31, 2014 and 2014 amounted Rp14,50 miliar dan Rp 14,50 miliar. to Rp14.50 billion and Rp14.50 billion respectively.

3. Transaksi aset dan liabilitas. 3. Assets and liabilities transaction (dalam jutaan Rupiah) (in million Rupiah) 2013 2014 Persentase terhadap Persentase terhadap Total (dalam jutaan jumlah aset dan Total (dalam jutaan Deskripsi jumlah aset dan rupiah / in million liabilitas / Percentage rupiah / in million liabilitas / Percentage on Rupiah) on total assets and Rupiah) total assets and liabilities liabilities

Aset / Assets Kredit / Loans 944.678 5,41 818.780 3,85 Pendapatan bunga akrual / 482 0,00 404 0,00 Accrued Interest Receivables Biaya dibayar di muka / 33.997 0,19 21.956 0,10 Prepaid Expenses Aset lain-lain / Others Assets 52.352 0,30 18.416 0,09

152 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

2013 2014 Persentase terhadap Persentase terhadap Total (dalam jutaan jumlah aset dan Total (dalam jutaan Deskripsi jumlah aset dan rupiah / in million liabilitas / Percentage rupiah / in million liabilitas / Percentage on Rupiah) on total assets and Rupiah) total assets and liabilities liabilities

Liabilitas / Liabilities Simpanan / Savings 3.299.063 22,45 3.063.863 16,93 Beban Bunga Akrual / Accrued 3.404 0,02 3.326 0,02 Interest Expenses Liabilitas segera / Liabilities 619 0,00 7.632 0,04 immediately payable Simpanan dari bank lain / 36.199 0,24 17.336 0,10 Savings from other banks

4. Transaksi dengan pihak berelasi 4. Transaction with related parties • Pada 31 Desember 2014 dan 2013, sebesar Rp2.210 • On December 31, 2014 and 2013, amounted to miliar dan Rp2.425 miliar dari saldo kredit channeling Rp2,210 billion and Rp2,425 billion from balance of disalurkan melalui pihak berelasi. channeling loan is distributed through related parties • Pendapatan bunga dan bagi hasil yang diterima dari • Interest revenues and profit shares from related parties pihak berelasi untuk tahun 2014 dan 2013 masing- for 2014 and 2014 amounted to Rp29 billion and Rp54 masing sebesar Rp29 miliar dan Rp54 miliar, atau billion respectively, or 1.61% and 3.86% from total masing-masing 1,61% dan 3,86% dari jumlah interest revenues and profit shares. pendapatan bunga dan bagi hasil. • Beban bunga dan bagi hasil yang dibayar kepada pihak • Interest expenses and profit shares which is paid berelasi untuk tahun 2014 dan 2013 masing-masing to related parties for 2014 and 2013 respectively sebesar Rp129 miliar dan Rp107 miliar, atau masing- amounted at Rp129 billion and Rp107 billion, or each masing 15,97% dan 18,99% dari jumlah beban bunga by 15.97% and 18.99% from total interest expenses dan bagi hasil. and profit shares. • Beban umum dan administrasi yang dibayar kepada • General and administration expenses that is paid to pihak berelasi untuk tahun 2014 dan 2013 masing- related parties for 2014 and 2013 respectively amounted masing sebesar Rp91 miliar dan Rp97 miliar atau to Rp91 billion and Rp97 billion or 15.38% and 20.70% masing-masing 15,38% dan 20,70% dari jumlah beban each from total general and administration expenses. umum dan administrasi.

KEBIJAKAN SUKU BUNGA BANK BANK SINARMAS INTEREST RATE SINARMAS POLICY

Untuk meningkatkan daya saing, maka penentuan besarnya In order to improve competitiveness, then the determination suku bunga untuk kepentingan nasabah dan Bank Sinarmas, of interest rate amount for the interest of customer and Bank baik untuk pendanaan maupun untuk penempatan dana, Sinarmas, both for financing or fund placement, are conducted dilakukan melalui Rapat Komite Assets and Liabilities (ALCO). through the Meeting of Assets and Liabilities Committee Rapat ALCO yang diadakan secara rutin, digunakan untuk (ALCO). ALCO meetings are organized regularly, and used to mengkaji kondisi ekonomi makro dan mikro serta faktor-faktor review the condition of macro and micro economic condition lain yang mempengaruhi kebijakan suku bunga. as well as other factors that affected the interest rate policy.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Rata-rata suku bunga per tahun untuk aset dan liabilitas yang Average interest rate per year for significant assets and liabilities signifikan (tidak termasuk akun Syariah), adalah sebagai berikut: (Sharia account not included), is as follows:

(dalam persentase) (in percentage) 2013 2014 Uraian Mata Uang Asing Mata Uang Asing Description Rupiah Rupiah Foreign Currency Foreign Currency

Aset / Assets Penempatan pada bank lain dan Bank Indonesia (termasuk giro pada bank lain) / Placement with other banks 3,39 1,13 3,71 0,14 and Bank Indonesia (including current account with other banks) Kredit yang diberikan / Loans 13,19 5,16 13,73 6,81 Liabilitas / Liabilities Simpanan / Savings 4,80 1,10 5,74 0,83 Simpanan dari bank lain / Savings 2,03 0,04 4,28 0,04 from other Banks

ASPEK PEMASARAN MARKETING ASPECTS

Strategi Pemasaran Marketing Strategy Pada tahun 2014, Bank Sinarmas meningkatkan strategi In 2014, Bank Sinarmas improve the marketing strategies to pemasaran untuk meningkatkan simpanan dana pihak ketiga increase third party fund savings as follows: sebagai berikut: • Inovasi terhadap produk-produk yang sudah ada, dengan • Innovation on existing products by launching Savings meluncurkan program-program Tabungan “Gebyar Simas programs “Gebyar Simas Double Untung”, “Simas Super Double Untung”, “Simas Super Bonus”, “Simas Family”, Bonus”, “Simas Family”, “Simas Junior”, and other “Simas Junior”, dan program funding lainnya yang funding programs that are adjusted to specific events. disesuaikan dengan event-event tertentu. • Menggalakkan program Simas Community untuk • Promoting Simas Community program for customers with nasabah yang mempunyai komunitas tertentu dengan certain communities by organizing gathering event. penyelenggaraan acara gathering. • Melakukan cross selling kepada nasabah bancassurance • Conducting cross selling to bancassurance customer and dan reksa dana yang potensial. potential mutual funds. • Mengadakan kontes funding kepada seluruh kantor • Conducting funding contest for the entire regional office, wilayah, untuk meningkatkan antusiasme para tenaga in order to increase the enthusiasm of marketers and pemasar dan pimpinan cabang. branch leaders. • Meningkatkan berbagai aktivitas promosi baik secara • Improving various promotion activities nationally or nasional maupun tersegmentasi guna menumbuhkan segmented in order to foster brand awareness and society’s brand awareness dan kepercayaan masyarakat terhadap trust to Bank Sinarmas Bank Sinarmas. • Melakukan berbagai kerja sama bisnis dengan pihak ketiga • To perform various business cooperation with third parties dalam upaya meningkatkan penghimpunan dana dan in order to improve fundraising and total Customer. jumlah nasabah.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Diantara semua layanan produk funding Bank Sinarmas yang Between all funding product services of Bank Sinarmas, ada, Tabungan Sinarmas masih merupakan produk andalan dan Sinarmas Savings is still a flagship product and most desired by yang paling diminati oleh nasabah Bank Sinarmas. Khususnya customers of Bank Sinarmas. Especially Sinarmas Savings with Tabungan Sinarmas dengan jaringan kartu Debit Union Pay Union Pay Debit card network which is the result of business yang merupakan hasil kerja sama bisnis (co-branding) antara cooperation (co-branding) between Bank Sinarmas with Union Bank Sinarmas dengan Union Pay. Pay.

Setiap nasabah Bank Sinarmas diberikan fasilitas kartu ATM Each customer of Bank Sinarmas are provided with Bank Bank Sinarmas yang dapat digunakan untuk bertransaksi di Sinarmas ATM card which can be used for transactions in ATM jaringan ATM, Union Pay, Prima, ALTO, ATM Bersama, MEPS network, Union Pay, ALTO, ATM Bersama, MEPS (Malaysia), (Malaysia), dan VISA. Selain itu Kartu ATM Bank Sinarmas and VISA. Other than that, ATM Card of Bank Sinarmas can juga dapat melakukan pembayaran/ belanja di merchant also be used for payment/shopping in merchant/EDC with / EDC berlogo Union Pay, Prima Debit dan VISA. Dengan Union Pay logo, Prima Debit and VISA. By having Bank Sinarmas memiliki Kartu ATM Bank Sinarmas nasabah dapat menikmati ATM Card, customer can enjoy the securities, easiness and keamanan, kemudahan dan kenyamanan transaksi perbankan, convenience of banking transaction, anytime, anywhere. In kapan saja dimana saja. Selain itu, Bank Sinarmas juga memiliki addition, Bank Sinarmas also have Internet Banking and Mobile layanan Internet Banking dan Mobile Banking (SIMOBI) yang Bankin service (SIMOBI) which always provide easiness for selalu memberikan kemudahan nasabah dalam melakukan customers in performing transaction anytime, anywhere. transaksi kapan saja dan di mana saja.

Pangsa Pasar Market Share Berdasarkan jenisnya, Bank Sinarmas tergolong Bank Umum Based on its type, Bank Sinarmas is classified as National Private Swasta Nasional (BUSN) Devisa. Bank Sinarmas juga termasuk Commercial Bank (BUSN) Foreign Exchange. Bank Sinarmas dalam 1 dari 9 bank yang ada dalam kelompok Bank dengan also included in 1 of 9 banks that is in group of Bank with assets aset berjumlah Rp10 triliun hingga Rp50 triliun. amounted to Rp10 trillion to Rp50 trillion.

KEBIJAKAN DIVIDEN DIVIDEND POLICY

Seluruh saham Perseroan yang telah ditempatkan, termasuk The entire shares of the Company that has been placed, saham baru yang akan dikeluarkan dalam rangka Penawaran including new shares which will be issued in Public Offering Umum ini mempunyai hak yang sama dan sederajat dalam have equal rights and equal in all respects with old shareholders segala hal dengan pemegang saham lama termasuk hak atas including rights of dividend in accordance with the provision of dividen sesuai dengan ketentuan Anggaran Dasar Perseroan Company’s Article of Association and legislation in force. dan peraturan perundang-undangan yang berlaku.

Perseroan tidak memiliki negative covenants sehubungan The Company does not have negative covenants in connection dengan pembatasan pihak ketiga dalam rangka pembagian with the limitation of third parties within the framework of dividen. Pembagian dan besaran dividen akan dikaitkan dengan dividend distribution. Dividend nominal and distribution will be keuntungan yang diperoleh Perseroan pada tahun buku yang adjusted with the profit that is acquired by the Company in the bersangkutan dan jika Capital Adequacy Ratio (CAR) Perseroan concerned fiscal year and if the Company’s Capital Adequacy setelah memperhitungkan risiko pasar mencapai ≥20%, Ratio (CAR) after taking into account the market risk reached dengan tanpa mengurangi hak dari RUPS Perseroan untuk ≥20%, without prejudice to the right of Company’s GMS to

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menentukan lain sesuai dengan ketentuan Anggaran Dasar determine otherwise in accordance with the provision of Perseroan dan Peraturan Perundang-undangan yang berlaku di Company’s Articles of Association and Legislation in force in bidang Perbankan. the field of Banking.

Dengan memperhatikan laba Perseroan dan CAR setelah With regard to the Company’s profit and CAR after taking into memperhitungkan risiko pasar mencapai ≥20%, kondisi account of market risk that reached ≥20%, liquidity condition likuiditas tahun berjalan serta dengan tidak mengurangi hak of the current year as well as without prejudice to the right of dari Rapat Umum Pemegang Saham untuk menentukan lain GMS to determine otherwise in accordance with the Articles of sesuai dengan ketentuan Anggaran Dasar PT. Bank Sinarmas Association of PT. Bank Sinarmas Tbk. Tbk.

Namun, semenjak Bank melakukan IPO di tahun 2010, Bank However, since the Bank conducted IPO in 2013, Bank Sinarmas Sinarmas belum membagikan dividen karena Bank fokus untuk have not distributed dividends due to the Bank focuses on memperkuat struktur modal. strengthening capital structure.

REALISASI DANA HASIL REALIZATION OF FUNDS FROM PENAWARAN UMUM PUBLIC OFFERING

Pada Juni 2012, PT. Bank Sinarmas Tbk. melakukan Penawaran On June 2012, PT. Bank Sinarmas Tbk. conducted Limited Public Umum Terbatas I (PUT I) kepada para pemegang saham dengan Offering I (PUT I) to shareholders with Preemptive Rights. Funds Hak Memesan Efek Terlebih Dahulu (HMETD). Dana yang acquired from PUT I amounted to Rp300,796,534,500 (three diperoleh dari PUT I adalah sebesar Rp300.796.534.500 (tiga hundred billion seven hundred ninety six million five hundred ratus miliar tujuh ratus sembilan puluh enam juta lima ratus thirty four thousand five hundred Rupiah). The entire fund is tiga puluh empat ribu lima ratus Rupiah). Keseluruhan dana used for the purchase of Information technology amounted tersebut digunakan untuk pembelanjaan teknologi informasi to 60% and office network development by 40% with the sebesar 60% dan pengembangan jaringan kantor sebesar 40% following description: dengan uraian sebagai berikut:

Penggunaan / Utilization Periode Pembelanjaan Pengembangan Total Period Teknologi Informasi Jaringan Kantor Information Technology Development of Office Spending Network

Oktober-Desember 2012 36.351.786.504,7 24.086.621.170,2 12.265.165.334,5 Januari-Maret 2013 24.257.379.241,28 9.158.062.469,65 15.099.316.771,63 April-Juni 2013 33.218.107.267,32 8.903.666.711,17 24.314.440.556,15 Juli-September 2013 90.697.650.439,17 57.855.842.162,67 32.841.808.276,5 Oktober-Desember 2013 41.563.555.567 27.362.274.290 14.201.281.277 Januari-Maret 2014 36.524.702.479 24.146.230.452 12.378.472.027 April-Juni 2014 34.408.155.086,34 26.288.551.814,64 8.119.603.271,7 Jumlah 177.801.249.070,33 119.220.087.514,48

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

PERUBAHAN PERATURAN CHANGES IN AFFECTING LAWS PERUNDANG-UNDANGAN YANG AND REGULATIONS BERPENGARUH

No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Dalam rangka penerapan manajemen risiko terkait anggota Direksi, Dewan Komisaris, Pejabat Eksekutif serta pembukaan, perubahan status, pemindahan alamat dan/atau penutupan Kantor Bank.

PBI No.13/27/PBI/2011 Dampak terkait ketentuan tersebut, dalam pelaksanaannya Bank tentang Perubahan atas telah melakukan penerapan terhadap penyampaian laporan PBI No.11/1/PBI/2009 pengangkatan, pemberhentian, atau penggantian Pejabat Eksekutif serta laporan pelaksanaan pembukaan, perubahan SE BI No.14/4/DPNP status, pemindahan alamat (relokasi), dan/atau penutupan Kantor tanggal 25 Januari 2012 Bank melalui laporan Kantor Pusat Bank Umum. BANK UMUM 1. COMMERCIAL BANK In the application of risk management related to members of the PBI No.13/27/PBI/2011 Board of Directors, Board of Commissioners, Executive Officers On Changes in PBI and the opening, change of status, change of address and / or the No.11/1/PBI/2009 closing of the Bank.

SE BI No.14/4/DPNP The impact of the provisions, in the implementation, the Bank dated January 25, 2012 has made application to the submission of the report the appointment, dismissal, or replacement of Executive Officers as well as reports of opening, change of status, change of address (relocation), and / or the closing the Office of the Bank through the report of Commercial Bank Head Office.

Dalam ketentuan tersebut diatur: • Prinsip perlindungan nasabah • Prinsip kehati-hatian dan manajemen risiko dalam pemberian Kartu Kredit • Standar Keamanan APMK • Kerjasama antara penyelenggara APMK dengan pihak lain • Penyampaian Laporan

PBI No.14/2/PBI/2012 Terkait dengan ketentuan tersebut, Dampak bagi Bank yakni PENYELENGGARAAN tentang Perubahan atas melaksanakan penerapan ketentuan tersebut, khususnya terkait: KEGIATAN ALAT PBI No.11/11/PBI/2009 • Penyampaian informasi tertulis dalam Bahasa Indonesia kepada PEMBAYARAN 2. Nasabah DENGAN SE BI No.14/17/DASP • Proses terkait pengkinian data, penyesuaian plafon kredit dan MENGGUNAKAN perihal perubahan atas jumlah penerbit Kartu Kredit yang dapat memberikan Kartu KARTU (APMK) SE No.11/10/DASP Kredit • Pengakhiran dam/atau penutupan kartu kredit • Pembayaran pemegang kartu kredit sebesar 10% (sepuluh persen) dari total tagihan atau lebih tetapi tidak penuh, harus dialokasikan oleh Penerbit Kartu Kredit untuk pembayaran biaya dan denda apabila ada, dan sisanya paling kurang sebesar 60% (enam puluh persen) untuk pemenuhan kewajiban pokok transaksi • Mengimplementasikan PIN dan transaction alert.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

In such terms are defined: • The principle of customer protection • The principle of prudence and risk management in the delivery of Credit Cards • APMK Security Standards • Cooperation between APMK organizers with other party • Submission of Reports

PBI No.14/2/PBI/2012 on Related to these provisions, the impact on the Bank is to Changes in PBI No.11/11/ implement the application of the provision, in particular related to: PBI/2009 IMPLEMENTATION OF • The submission of information written in Indonesian to the CARD-BASED PAYMENT Customer SE BI No.14/17/DASP on INSTRUMENTS • Data updating-related Process, the adjustment of credit limit changes in and the amount of credit card issuers who can provide Credit SE No.11/10/DASP Cards • Termination of dam / or the closing of credit cards • Payment by credit card holders amounted to 10% (ten percent) of the total bill or more but not full, must be allocated by the Credit Card Issuer for the payment of fees and fines, if any, and the rest is at least 60% (sixty percent) for the fulfillment of transaction principal obligations • Implement PIN and transaction alerts.

Dalam rangka meningkatkan kepercayaan dan perlindungan PBI No.14/6/PBI/2012 kepada masyarakat terhadap industri perbankan, perlu dipastikan tanggal 18 Juni 2012 bahwa pengelolaan BUS/UUS dilakukan oleh pihak yang mampu SE BI No.14/25/Dpbs UJI KEMAMPUAN dan patut (Fit and Proper), sehingga berdampak pada pengelolaan tanggal 12 September DAN KEPATUTAN (FIT UUS Sinarmas akan selalu dilakukan sesuai dengan tata kelola 2012 and PROPER TEST) yang baik (good governance) 3. BUS & UUS PBI No.14/6/PBI/2012 In order to increase the trust and protection to the public June 18, 2012 BUS & UUS FIT AND against the banking industry, it is necessary that the BUS / UUS SE BI No.14/25/Dpbs PROPER TEST management is performed by fit and proper parties, so the dated September 12, management of UUS Sinarmas will always be conducted in 2012 accordance with good governance Meningkatkan penerapan aspek kehati-hatian dan aspek manajemen risiko pemberian kredit dalam penyelenggaraan APMK.

MEKANISME Dampak dari ketentuan tersebut, Bank melaksanakan SE BI No.14/27/DASP PENYESUAIAN pemberlakuan terhadap ketentuan tersebut, diantaranya yakni tanggal 25 September KEPEMILIKAN KARTU dengan mewajibkan penerbit kartu kredit melakukan pengkinian 2012 KREDIT data pemegang kartu kredit dengan menyediakan bukti 4. penghasilan berupa slip gaji, SPT Pajak, atau dokumen lainnya. SE BI No.14/27/DASP MECHANISM OF Dated September 25, CREDIT CARD Improve the application of prudential aspects and aspects of loan 2012 OWNERSHIP approval risk management in the implementation of APMK ADJUSTMENT The impact, the Bank to implement the enforcement of the provision, including by requiring the credit card issuer to update the data of the credit card holder by providing the proof of income such as pay slips, tax returns or other documents.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Materi utama yang diatur dalam PBI ini adalah mengenai: • Perizinan penyelenggaraan transfer dana • Pelaksanaan transfer dana • Transfer dana yang ditujukan untuk diterima secara tunai • Jasa, bunga, atau kompensasi PBI No.14/23/PBI/2012 • Biaya transfer dana SE BI No.15/23/DASP • Pemantauan tanggal 27 Juni 2012 TRANSFER DANA • Sanksi 5. PBI No.14/23/PBI/2012 FUNDS TRANSFER Main material set in this PBI concerning: SE BI No.15/23/DASP • Licensing of funds transfer implementation Dated June 27, 2012 • Implementation of funds transfer • Transfer funds are intended to be received in cash • Services, interest, or compensation • The cost of the transfer of funds • Monitoring • Sanctions Mengatur mengenai cakupan kegiatan usaha dan pembukaan jaringan kantor sesuai dengan modal inti Bank yang bertujuan untuk meningkatkan ketahanan dan daya saing perbankan nasional. KEGIATAN USAHA & JARINGAN KANTOR Terkait ketentuan PBI ini, Bank telah melakukan kajian terkait PBI No.14/26/PBI/2012 BERDASARKAN dengan kecukupan modal inti terhadap Cabang yang sudah ada tanggal 27 Desember MODAL INTI BANK maupun yang masih direncanakan. 2012 6. BUSINESS ACTIVITY Governs the scope of business activities and the opening of the PBI No.14/26/PBI/2012 & OFFICE NETWORK office network in accordance with the Bank’s core capital that December 27, 2012 BASED ON BANK’S aims to improve the resilience and competitiveness of the national CORE CAPITAL banking system.

Related to this regulation, the Bank has conducted a study related to core capital adequacy of the existing branch or branch which is still planned. PENERAPAN Terkait penerapan ketentuan ini, Bank telah melakukan PROGRAM ANTI penyesuaian terhadap ketentuan internal, diantaranya terkait: PENCUCIAN UANG • Transfer Dana & PENCEGAHAN • Walk in Customer PENDANAAN • Customer Due Diligence (CDD), dll PBI No.14/27/PBI/2012 TERORISME BAGI yang terkait pelaksanaan ketentuan tersebut di Kantor Cabang tanggal 28 Desember BANK UMUM (APU Bank Sinarmas. 2012 & PPT) 7. Related to this provision, the Bank has made adjustment to PBI No.14/27/PBI/2012 IMPLEMENTATION internal provisions, among others: December 28, 2012 OF ANTI-MONEY • Fund Transfer LAUNDERING (AML) • Walk in Customer AND COMBATING • Customer Due Diligence (CDD), etc THE TERRORISM which is related to the implementation of the provision at Bank FUNDING (PPT) FOR Sinarmas Branch Office. COMMERCIAL BANK

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No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Dengan diberlakukannya ketentuan ini, maka Bank wajib PBI No.8/13/PBI/2006 menerapkan prinsip kehati-hatian dalam penyaluran kredit, dan perubahan dari PBI BATAS MAKSIMUM melakukan penyebaran portofolio penyediaan dana dengan No.7/3/PBI/2005 PEMBERIAN KREDIT persentase tertentu kepada Pihak Terkait maupun Pihak Tidak SE BI No.7/14/DPNP (BMPK) Terkait dengan memperhatikan kemampuan modal Bank. 8. PBI No.8/13/PBI/2006 LEGAL LENDING LIMIT With the enforcement of this provision, the Bank shall apply the Change from PBI (BMPK) principle of prudence in lending activity, and make funds provision No.7/3/PBI/2005 portfolio of distribution by a certain percentage to Related Parties SE BI No.7/14/DPNP and Unrelated Parties to observe the ability of the Bank’s capital. Memberikan pengaturan perihal GWM Primer (sebesar 8% dari GIRO WAJIB DPK dalam Rupiah), GWM Sekunder (Cadangan minimum yang MINIMUM (GWM) wajib dipelihara oleh Bank berupa SBI, SUN, SBSN, dan/atau BANK UMUM Excess Reserve, sebesar 4% dari DPK Rupiah), GWM Loan to DALAM RUPIAH Deposit Ratio (simpanan minimum yang wajib dipelihara oleh Bank DAN VALUTA ASING dalam bentuk saldo Rekening Giro pada Bank Indonesia sebesar BAGI BANK UMUM persentase dari DPK yang dihitung berdasarkan selisish antara LDR KONVENSIONAL yang dimilki oleh Bank dengan LDR target. 9. PBI No.15/15/PBI/2013 COMMERCIAL Regulations on Primary GWM (amounted to 8% of DPK in BANK’S RESERVE Rupiah), Secondary GWM (Minimum reserves required to be REQUIREMENT IN maintained by the Bank in the form of SBI, SUN, SBSN, and / or RUPIAH AND FOREIGN Excess Reserve, amounting to 4% of DPK Rupiah), GWM Loan to CURRENCY FOR Deposit Ratio (minimum deposit required to be maintained by the CONVENTIONAL Bank in the form of Current Accounts to Bank Indonesia as much COMMERCIAL BANK as percentage of DPK which is calculated based on the difference between the LDR owned by the Bank with LDR target. Penegasan terhadap kewajiban Bank dalam mengelola dan memelihara PDN, sebagai berikut: • PDN keseluruhan pada akhir hari kerja paling tinggi 20% dari PBI No.12/10/PBI/2010 modal tentang Perubahan • Paling tinggi 20% dari modal setiap 30 (tiga puluh) menit sejak POSISI DEVISA NETO ketiga atas PBI No.5/13/ sistem treasury Bank dibuka sampai dengan sistem treasury BANK UMUM PBI/2013 Bank ditutup. 10. NET OPEN POSITION PBI No.12/10/PBI/2010 The affirmation of the obligation of the Bank to manage and OF COMMERCIAL On the third maintain the PDN, as follows: BANK amendment PBI • Overall PDN at the end of the working day maximum 20% of No.5/13/ PBI/2013 the capital. • Maximum of 20% from the capital every 30 (thirty) minutes from the Bank treasury system is opened up to the bank treasury system is closed. Melalui ketentuan ini, Bank dapat memperoleh gambaran mengenai Tingkat Kesehatan Bank dan seluruh aspeknya, PENILAIAN TINGKAT sehingga dapat digunakan sebagai input bank dalam menyusun KESEHATAN BANK SE BI No.13/24/DPNP strategi dan rencana bisnis kedepan, serta memperbaiki UMUM (Risk Based tanggal 25 Oktober kelemahan-kelemahan yang berpotensi mengganggu kinerja Bank Rating) 2011 Bank. 11. ASSESSMENT OF SE BI No.13/24/DPNP Through this provision, the Bank can obtain an overview of COMMERCIAL BANK’S October 25, 2011 Bank Soundness and all its aspects, so it can be used as input HEALTH (RISK BASED in formulating the strategies and business plans future, and BANK RATING) improve the weaknesses that could potentially interfere with the performance of the Bank.

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No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Mengatur ketentuan perihal: • Transparancy (Keterbukaan informasi & proses dalam pengambilan keputusan • Accountability (Pertanggungjawaban yang jelas atas setiap keputusan/tindakan dari aspek perundang-undangan & prinsip pengelolaan yang sehat • Responsibility (Kejelasan tanggung jawab pemegang jabatan dalam pengambilan keputusan) • Independency (Pengelolaan yang profesional tanpa dipengaruhi/intervensi dari pihak manapun) • Fairness (Kesetaraan dalam memenuhi hak-hak stakeholders yang timbul berdasarkan perjanjian serta perundang-undangan yang berlaku) PBI No.8/14/PBI/2006 se bi nO.15/15/dpnp Ketentuan tersebut berdampak bagi Bank dalam hal TANGGAL 29 aPRIL melaksanakan seluruh kegiatan perbankan di setiap kegiatan 2013 GOOD CORPORATE 12. selalu berdasarkan pada prinsip-prinsip GCG. GOVERNANCE (GCG) PBI No.8/14/PBI/2006 se Set provisions regarding: bi nO.15/15/dpnp • Transparency (Information disclosure & decision making DATED APRIL 29, 2013 process) • Accountability (Clear accountability for any decision / action from the aspects of the laws and principles of sound management) • Responsibility (Clear responsibility of position holder in deciion- making) • Independency (Professional management wihtout being influenced/intervened from any other party) • Fairness (Equality in fulfilling rights of the stakeholders that arises based on the agreement and the applicable laws)

The provisions impacted the Bank in terms of implementing all banking activities based on GCG principles. PELAYANAN DAN PUJK wajib melaporkan secara berkala adanya pengaduan dan SURAT EDARAN PENYELESAIAN tindak lanjut pelayanan dan penyelesaian pengaduan dimaksud OTORITAS JASA PENGADUAN kepada OJK, dalam hal ini Kepala Eksekutif yang melakukan KEUANGAN KONSUMEN pengawasan atas kegiatan PUJK, dengan tembusan kepada NOMOR 2/ PADA PELAKU USAHA Anggota Dewan Komisioner Bidang Edukasi dan Perlindungan SEOJK.07/2014 JASA KEUANGAN Konsumen. 13. FINANCIAL SERVICE SERVICES AND PUJK shall periodically report any complaints and the follow-up AUTHORITY’S SETTLEMENT OF services and settlement of complaints referred to the FSA, in this CIRCULAR LETTER CUSTOMERS’ case the Chief Executive who shall supervise the PUJK activities, NUMBER 2/ COMPLAINT TO with a copy to the Member of the Board of Commissioner SEOJK.07/2014 FINANCIAL SERVICE Education and Consumer Protection Sector. BUSINESS

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No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Tidak diberlakukannya pemanggilan RUPS setelah diminta oleh 1/10 atau lebih Pemegang Saham yang berhak, Direksi wajib membuat pengumuman yang berisi : • Adanya permintaan RUPS yang diminta Pemegang Saham RENCANA & • Alasan tidak dilakukannya RUPS tsb. PENYELENGGARAAN Pengumuman ini paling lama 15 hari setelah tanggal permintaan RUPS RUPS oleh Pemegang Saham POJK NO 32/ 14. POJK.4/2014 Non-enforcement of the GMS after being asked by 1/10 or more PLAN & Shareholders entitled to, the Board of Directors shall make an IMPLEMETATION OF announcement that contains: GMS • The demand for GMS by Shareholders • The cause of non-enforcement of the GMS This announcement is no later than 15 days after the date of the request by the General Meeting of Shareholders PELAKSANAAN EDUKASI DALAM wajib diselenggarakan oleh Pelaku Usaha Jasa Keuangan RANGKA (PUJK) bertujuan untuk meningkatkan literasi keuangan kepada SURAT EDARAN MENINGKATKAN Konsumen dan/atau masyarakat. OTORITAS JASA LITERASI KEUANGAN KEUANGAN KEPADA Rencana Penyelenggaraan pelaksanaan program edukasi wajib NOMOR 1/ KONSUMEN DAN/ disusun dalam program tahunan yang dilaporkan kepada OJK. SEOJK.07/2014 ATAU MASYARAKAT 15. Shall be convened by the Financial Services Business Executors FINANCIAL SERVICE THE (PUJK) aimed to improve the financial literacy to consumers and AUTHORITY’S IMPLEMENTATION OF the / or community. CIRCULAR LETTER EDUCATION IN ORDER NUMBER 1/ TO INCREASE THE Implementation Plan for the educational program implementation SEOJK.07/2014 FINANCIAL LITERACY should be organized in annual program which is reported to OJK. TO CUSTOMERS AND/ OR PUBLIC OJK mengenakan Pungutan kepada PUJK, dimana jenis pungutan yang diwajibkan terbagi atas 2 (dua) jenis, yakni Pungutan Variabel dan Pungutan Tahunan. Adapun PERATURAN pembagiannya adalah sebagai berikut: PEMERINTAH REPUBLIK • Biaya perizinan, biaya persetujuan, biaya pendaftaran, biaya PUNGUTAN OLEH INDONESIA NOMOR 11 pengesahan, dan biaya penelaahan atas rencana aksi korporasi OTORITAS JASA TAHUN 2014 • Biaya tahunan dalam rangka pengaturan, pengawasan, KEUANGAN pemeriksaan, dan penelitian. 16. GOVERNMENT COLLECTION BY REGULATION OF FINANCIAL SERVICE THE REPUBLIC OF OJK levied Charges to PUJK, of which the levies are divided into AUTHORITY INDONESIA NUMBER 11 two (2) types, namely variable Charges and Annual Charges. The YEAR 2014 divisions are as follows: • Permit cost, approval cost, registration cost, validation cost, and review cost on the corporate action plan • Annual cost for management, supervision, audit and research.

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PERUBAHAN KEBIJAKAN CHANGING IN ACCOUNTING AKUNTANSI POLICIES

Ikatan Akuntan Indonesia telah menerbitkan Pernyataan Standar Indonesia Accountant Association issued new Statement of Akuntansi Keuangan (PSAK) baru dan revisi dan Interpretasi Financial Accounting Standards (PSAK) and revision of Financial Standar Akuntansi Keuangan (ISAK) revisi yang berlaku efektif Accounting Standards Interpretations (IFAS) effective in the pada periode yang dimulai 1 Januari 2015 sebagai berikut: beginning of January 1, 2015 as follows: PSAK PSAK a. PSAK No. 1 (Revisi 2013), Penyajian Laporan Keuangan a. PSAK No. 1 (Revised 2013), Financial Statements Presentation b. PSAK No. 4 (Revisi 2013), Laporan Keuangan Tersendiri b. PSAK No. 4 (Revised 2013), Separated Financial Statements c. PSAK No. 15 (Revisi 2013), Investasi pada Entitas Asosiasi c. PSAK No. 15 (Revised 2013), Investment on Associate and dan Ventura bersama Joint Venture d. PSAK No. 24 (Revisi 2013), Imbalan Kerja d. PSAK No. 24 (Revised 2013), Employees Benefits e. PSAK No. 46 (Revisi 2014), Pajak Penghasilan e. PSAK No. 46 (Revised 2014), Income Tax f. PSAK No. 48 (Revisi 2014), Penurunan Nilai Aset f. PSAK No. 48 (Revised 2014), Impairment of Assets g. PSAK No. 50 (Revisi 2014), Instrumen Keuangan: Penyajian g. PSAK No. 50 (Revised 2014), Financial Instrument: Presentation h. PSAK No. 55 (Revisi 2014), Instrumen Keuangan: Pengakuan h. PSAK No. 55 (Revised 2014), Financial Instrument: dan Pengukuran Recognition and Measurement i. PSAK No. 60 (Revisi 2014), Instrumen Keuangan: i. PSAK No. 60 (Revised 2014), Financial Instrument: Disclosure Pengungkapan j. PSAK No. 65, Laporan Keuangan Konsolidasian j. PSAK No. 65, Consolidated Financial Statements k. PSAK No. 66, Pengaturan Bersama k. PSAK No. 66, Joint Arrangements l. PSAK No. 67, Pengungkapan Kepentingan dalam Entitas l. PSAK No. 67, Disclosure of Interests in Other Entity Lain m. PSAK No. 68, Pengukuran Nilai Wajar m. PSAK No. 68, Fair Value Measurement

ISAK ISAK ISAK No. 26 (Revisi 2014), Penilaian Kembali Derivatif Melekat ISAK No. 26 (Revised 2014), Reassessment on Embeded Perusahaan masih mengevaluasi dampak penerapan PSAK Derivatives. The Company is still evaluating the effects of these dan ISAK di atas dan dampak terhadap laporan keuangan dari newly and revised PSAKs and ISAK and has not yet determined penerapan PSAK dan ISAK tersebut belum dapat ditentukan. the related effects on the financial statements.

Bank Indonesia telah menerbitkan Peraturan Bank Indonesia Bank Indonesia has issued new Bank Indonesia Regulations (PBI) dan Surat Edaran Bank Indonesia (SE BI) baru beserta (PBI) and Bank Indonesia Circular Letter (SE BI) and the revision revisinya sebagai berikut: as well:

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Perubahan atas Surat Edaran Bank Indonesia Nomor Perubahan dalam SEBI ini terkait penerapan nilai nominal transaksi 12/1/DASP tanggal 21 antar bank untuk kepentingan nasabah yang dapat diproses Januari 2010 Perihal melalui Sistem BI-RTGS yaitu lebih besar dari Rp100.000.000,00 Penyelenggaraan (seratus juta rupiah) per transaksi. Sedangkan untuk transaksi Surat Edaran Bank Sistem Bank Indonesia antar bank untuk kepentingan nasabah dengan nilai nominal Indonesia No.16/18/ Real Time Gross Rp100.000.000,00 (seratus juta rupiah) ke bawah per transaksi DPSP Tanggal 28 Settlement (RTGS) dilakukan melalui Sistem Kliring Nasional Bank Indonesia (SKNBI). November 2014 1. Changes in SEBI is related to the application of the nominal value Bank Indonesia Circular Changes in Bank of inter-bank transactions on behalf of customers that can be Letter No.16/18/ DPSP Indonesia Circular processed through the BI-RTGS system that is greater from the dated November 28, Letter Number 12/1/ Rp100,000,000.00 (one hundred million rupiah) per transaction. 2014 DASP dated January As for inter-bank transactions on behalf of customers with a 21, 2010 Regarding nominal value of Rp100,000,000.00 (one hundred million dollars) the Implementation of downward per transaction made through the National Clearing Bank Indonesia Real System of Bank Indonesia (SKNBI). Time Gross Settlement System (RTGS) Perubahan al: • Penambahan 9 field pada Laporan Transaksi (LLD 1), meliputi Nama Penerima, Jenis Identifikasi Penerima, nomor identifikasi penerima, Nama Pembayar, Jenis Identifikasi Pembayar, Nomor Identifikasi Pembayar, Bank Pengirim, Bank Penerima, dan Keterangan Transaksi. • Penambahan 1 field pada Rincian Transaksi Ekspor/RTE (LLD 3), yaitu Jenis Valuta PEB • Penambahan 1 field pada Daftar Penyampaian Dokumen Pendukung/DPDP (LLD4), yaitu Tanggal PEB Perubahan Kedua atas • Penambahan kategori Pelaku Transaksi, yaitu lembaga SE BI No.13/33/DSM internasional yang dibagi menjadi bank dan bukan bank. tanggal 30 Desember • Penyesuaian Sandi Tujuan Transaksi (STT) di LLD 1 dan Sandi 2011 perihal Keterangan di LLD 3 SE BI No.16/20/Dsta Pelaporan Kegiatan • Penyampaian Laporan LLD dan/atau koreksi Laporan LLD secara tanggal 28 November Lalu Lintas Devisa offline 2014 (LLD) Oleh Bank 2. The changes among others: SE BI No.16/20/Dsta The Second changes • The addition of 9 fields in the Transaction Report (LLD 1), dated November 28, in SE BI No.13/33/ includes Recipient Name, Recipient Identification type, recipient 2014 DSM dated December identification number, name of payer, payer identification type, 30, 2011 Regarding Payers Identification Number, Sender Bank, Recipient Bank, and Reporting of Foreign Transaction Information. Exchange Flow (LLD) • The addition of 1 field on the Transaction Details Export / RTE by Bank (LLD 3), namely type PEB Exchange • The addition of 1 field in the List of Supporting Documents Delivery / DPD (LLD4), the PEB Date • The addition of Performer category Transaction, namely international institutions which is divided into banks and non- bank. • Adjustment of Transaction Objectives Password (STT) in LLD 1 and Information Password in LLD 3 • LLD Report Submission and / or correction of LLD Report via offline

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No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Perubahan Ketiga atas Surat Edaran Bank Indonesia Nomor 11/2/DSM tanggal 22 Surat Edaran Bank Januari 2009 perihal Indonesia Nomor Laporan Bulanan Bank 16/21/DSta Tanggal 12 Menambahkan perihal pos-pos rincian neraca untuk tambahan Umum (LBBU) Desember 2014 modal disetor, dan Sertifikat Debosito Bank Indonesia (SDBI) 3. Third changes in Bank Bank Indonesia Circular Adding balance details posts to additional paid in capital, and Indonesia Circular Letter Number 16/21/ Certificates of Bank Indonesia Deposit (SDBI) Letter Number 11/2/ DSta dated December DSM dated January 12, 2014 22, 2009 regarding Monthly Report of Commercial Bank (LBBU) Perubahan Keempat atas Surat Edaran Bank Indonesia Nomor 13/3/DPM tanggal 4 Surat Edaran Bank Februari 2011 perihal Indonesia Nomor Menambahkan pada Form 407 sebanyak 6 (enam) sandi jenis Laporan Harian Bank 16/17/DSta Tanggal 22 PLN Jangka Pendek yang dikecualikan dari kewajiban bank untuk Umum (LHBU) Oktober 2014 membatasi posisi saldo harian PLN Jangka Pendek 4. Fourth changes Bank Indonesia Circular Adding on Form 407 for 6 (six) Short Term PLN type password in Bank Indonesia Letter Number 16/17/ exempted from the obligation of banks to limit the Short Term Circular Letter Number DSta dated October 22, PLN daily balance 13/3/DPM dated 2014 February 4, 2011 regarding Daily Report of Commercial Bank (LHBU) PBI No.12/2/PBI/2010 Dalam rangka menyelaraskan ketentuan Bank Indonesia dengan SE BI No.14/5/DSM standar akuntansi keuangan yang berlaku di Indonesia tanggal 27 Januari 2012 perihal Perubahan Dalam hal ini, dampak bagi Bank yakni Bank telah melakukan kedua atas SE BI penyesuaian format laporan dan tata cara pelaporan sebagaimana No.11/2/DSM tanggal Laporan Bulanan Bank dimaksud dalam ketentuan PBI No.12/2/PBI/2010 22 Januari 2009 Umum 5. In order to harmonize the provisions of Bank Indonesia with PBI No.12/2/PBI/2010 Monthly Report of applicable financial accounting standards in Indonesia SE BI No.14/5/DSM Commercial Bank dated January 27, In this case, the impact on the Bank, namely the Bank has adjusted 2012 regarding the the format of reports and reporting procedures referred to in PBI second change in SE 12/2 / PBI / 2010 BI No.11/2/DSM dated January 22, 2009

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Dalam rangka menyesuaikan dengan format laporan bulanan bank umum, dan melengkapi informasi terkait penerapan manajemen risiko untuk risiko likuiditas.

Terkait ketentuan tersebut, dampaknya ialah Bank telah melakukan penyesuaian beberapa form yang berubah, yaitu: • Penyempurnaan formulir laporan profil maturitas sesuai ketentuan mengenai manajemen risiko likuiditas dan formulir pos-pos neraca mingguan dalam rangka penyelarasan dengan PBI No.13/19/PBI/2011 format LBU yang baru. SE BI No.14/8/DPNP • Melakukan penambahan formulir laporan perhitungan ATMR tanggal 6 Maret 2012 untuk risiko kredit sesuai ketentuan mengenai perhitungan perihal perubahan ATMR untuk risiko kredit dan laporan suku bunga dasar kredit kedua atas SE BI (SDBK) sesuai ketentuan mengenai transparansi informasi No.8/15/DPNP tanggal Laporan Berkala Bank SDBK. 12 Juli 2006 Umum 6. In order to conform to the general format of Bank Monthly Commercial Bank Report, and complete the relevant information related to the PBI No.13/19/PBI/2011 Periodic Report implementation of risk management for liquidity risk. SE BI No.14/8/DPNP dated March 6, 2012 Related to these provisions, the Bank has adjusted some forms on second amendment changed, namely: of SE BI No.8/15/DPNP dated • Completion of the form of maturity profile report in accordance July 12, 2006 with liquidity risk management and form the weekly balance sheet items in the context of harmonization with the new LBU format.

• Performing additional RWA calculations report form for credit risk in accordance with provisions regarding the calculation of RWA for credit risk and lending rate (SDBK) report in accordance with provisions regarding the transparency of SDBK information. PBI No.14/12/PBI/2012 tanggal 15 Oktober 2012 SE BI No.17/I/Dsta tanggal 26 Januari 2015 perubahan atas SE BI Dalam rangka mempercepat waktu penyampaian beberapa No.14/31/DPNP tanggal Laporan Kantor Pusat laporan di LKPBU dalam rangka harmonisasi dengan percepatan 31 Oktober 2012 Bank Umum waktu penyampaian laporan lainnya seperti LBU dan LBBU. 7. PBI No.14/12/PBI/2012 Commercial Bank In order to expedite the some reports submission in LKPBU to dated October 15, Head Office Report harmonize with expedition of other reports submission such as 2012 SE BI No.17/I/Dsta LBU and LBBU. dated January 26, 2015 on amendment of SE BI No.14/31/DPNP dated October 31, 2012

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No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Pengkinian kebijakan dan perhitungan dalam ketentuan diantaranya mencakup: • Pembentukan cadangan berlaku untuk kelonggaran tarik kredit baik yang bersifat committed maupun uncommitted, namun cadangan yang dibentuk hanya cadangankhusus yaitu untuk kelonggaran tarik kredit yang memiliki kualitas non lancar. • Bank dengan status dalam pengawasan khusus (special surveillance) tidak lagi menjadi kriteria penilaian kualitas penempatan antar bank yang digolongkan macet. • Penilaian kualitas kredit dan penyediaan dana lainnya untuk debitur UMKM posisi bulan Februari sd Juli mengacu pada penilaian TKS posisi bulan Desember tahun sebelumnya. • Deposito yang diakui sebagai agunan tunai hanya dapat disimpan pada Bank penyedia dana. • Kriteria prime Bank adalah AA- berdasarkan penilaian S&P; Aa3 berdasarkan penilaian Moody`s; AA- penilaian Fitch • Terkait Restrukturisasi Kredit terdapat beberapa perubahan diantaranya yaitu: Kualitas kredit yang direstrukturisasi hanya dapat meningkat PBI No.14/15/PBI/2012 Penilaian Kualitas Aset paling tinggi 1 (satu) tingkat dari kualitas kredit sebelum 8. tanggal 24 Oktober Bank Umum dilakukan Restrukturisasi, setelah debitur memenuhi 2012 kewajiban pembayaran angsuran pokok dan/atau bunga secara berturut-turut selama 3 (tiga) kali periode sesuai waktu yang diperjanjikan, pengakuan pendapatan atas kredit yang direstrukturisasi diakui dan dicatat sesuai dengan ketentuan PSAK yang berlaku, Pelaporan atas kredit yang direstrukturisasi dilakukan secara online bersamaan dengan pelaporan LBBU. • Terkait Penyisihan Penghapusan Aset (PPA) terdapat beberapa perubahan yaitu: Terdapat pencadangan sesuai konsep impairment dalam bentuk CKPN dan tetap mempertahankan konsep PPA sebagai prudential purposes, atas aset produktif tetap menghitung PPA umum dan khusus yang tidak dibebankan pada L/R namun hanya mempengaruhi perhitungan KPMM (hasil perhitungan PPA produktif akan mempengaruhi perhitungan KPMM setelah dikurangkan dari CKPN yang dibentuk, atas aset non produktif tetap menghitung PPA khusus, yang tidak dibebankan pada L/R namun hanya mempengaruhi perhitungan KPMM, pengaruh PPA Non Produktif pada perhitungan KPMM tidak melihat CKPN yang dibentuk.

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Updating policies and calculations in the provision of which include: • Allowance for credit applies for leniency of credit both committed and uncommitted, but reserves are formed only a special reserve that is to the credit leniency with noncurrent quality. • Bank with special surveillance status is no longer a quality assessment criterion for inter-bank placements were classified as loss. • Credit quality assessment and provision of other funds for SMEs debtor in February till July, referring to TKS assessment in December in the previous year. • Deposits are recognized as cash collateral can only be stored in the Bank that provides funds. • Criteria for prime bank are AA- based on S&P ratings; Aa3 based on Moody’s ratings; AA- based on Fitch ratings • Related to Debt Restructuring there are some changes such as: The quality of restructured loans can only be increased at most Assessment of PBI No.14/15/PBI/2012 one (1) level from credit quality before the Restructuring, after Commercial Bank dated October 24, the debtor’s fulfill the obligations of installment payments of Asset Quality principal and/or interest consecutively for 3 (three) times of periods agreed, the recognition of revenue on restructured loans are recognized and recorded in accordance with the prevailing provisions of SFAS. Restructured loans reporting made online in conjunction with LBBU reporting. • Related to Allowance for Uncollectable Assets (PPA) there are some changes, such as: Contained corresponding concept of impairment reserves in the form of Allowance for Impairment Losses (CKPN) and retains the concept of PPA as prudential purposes, over productive assets remain calculate the general and specific PPA is not charged to the L/R but only affects the calculation of CAR (PPA) calculation productive outcome will affect the calculation of Minimum Capital Requirement (KPMM) after deductible from CKPN formed, over non-productive fixed assets calculate specific PPA, which is not charged to the L/R, but only affects the calculation of KPMM, non-productive PPA effect on the calculation of KPMM is not see CKPN formed. Terkait ketentuan ini, terdapat beberapa hal yang diakomodasi, yakni: • Bank wajib menyediakan modal minimum sesuai profil risiko, sehingga tidak hanya mampumenyerap potensi kerugian dari risiko kredit, risiko pasar, dan operasional, melainkan juga risiko-risiko lainnya seperti risiko likuiditas dan risiko lain yang material. PBI No.15/12/PBI/2013 Kewajiban Penyediaan • Untuk menghitung modal minimum sesuai profil risiko, Bank 9. tanggal 12 Desember Modal Minimum Bank wajib memiliki Internal Capital Adequacy Assessment Process 2013 Umum (KPMM) (ICAPP), yang mencakup pengawasan aktif Dewan Komisaris dan Direksi, Penilaian Kecukupan Permodalan, Pemantauan dan Pelaporan, dan Pengendalian Internal. • Aset keuangan yang dapat diperhitungkan dalam CEMA berupa surat berharga yang diterbitkan oleh Pemerintah RI, Surat berharga yang diterbitkan oleh Bank lain yang berbadan hukum Indonesia, dan surat berharga yang diterbitkan oleh korporasi berbadan hukum Indonesia.

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No. Peraturan Perihal Pengaruh No. Regulations No. Subject Influence

Related to this provision, there are some things that are accommodated, such as: • Banks are required to provide minimum capital, in accordance with risk profile, so it is not only able to absorb potential losses from credit risk, market risk, and operational risk, but also other risks such as liquidity risk and other risks of material. • In calculating minimum capital in accordance with risk PBI No.15/12/PBI/2013 Minimum Capital profile, the Bank is required to have the Internal Capital Dated December 12, Requirement Adequacy Assessment Process (ICAPP), which includes the 2013 active supervision of the Board of Commissioners and Board of Directors, Capital Adequacy Assessment, Monitoring and Reporting, and Internal Control. • Financial assets that can be taken into account in CEMA such as securities issued by the Government of Indonesia, Securities issued by other Banks incorporated in Indonesia, and securities issued by corporations incorporated in Indonesia. Ketentuan tersebut mewajibkan Bank untuk menyampaikan informasi berkala mengenai kondisi Bank secara menyeluruh, dan berdampak pada peningkatan transparansi kondisi keuangan Bank kepada publik dengan diwajibkannya Bank untuk mengungkapkan secara lebih detail dan komprehensif mengenai SE BI No.14/35/DPNP eksposur risiko dan penerapan manajemen risiko bank serta tanggal 10 Desember Laporan Tahunan kecukupan permodalan yang dimiliki secara individual dan secara 2012 Bank Umum konsolidasi. 10. SE BI No.14/35/DPNP Commercial Bank dated December 10, Annual Report The provision requires the Bank to submit periodic information 2012 regarding the Banks overall conditions, and the impact on increasing the transparency of the Bank’s financial condition to the public, with Banks mandatory to disclose more detailed and comprehensive information on risk exposure and risk management implementation, as well as capital adequacy of banks are individually owned and consolidated. SE BI No.15/52/Dsta tanggal 30 Desember 2013, Perubahan ketiga Pemberlakuan ketentuan ini terkait dengan adanya atas SE BI No.13/3/DPM Laporan Harian Bank pengembangan sistem dan tata cara pelaporan LHBU melalui tanggal 4 Februari 2011 Umum (LHBU) perubahan beberapa form pelaporan 11. SE BI No.15/52/Dsta Commercial Bank Enforcement of this provision related to the development of Dated December 30, Daily Report (LBHU) systems and procedures of Commercial Bank Daily Report (LBHU) 2013, on third reporting, through some forms of reporting changes. amendment of SE BI No.13/3/DPM dated February 4, 2011

PROSPEK USAHA BUSINESS PROSPECTS

Peranan perbankan sangat penting dalam menunjang kegiatan Banking industry plays an important role in supporting the dan pertumbuhan perekonomian baik lokal, regional maupun growth and activities of both national and global economy. The global. Tuntutan dinamika perbankan untuk meningkatkan fact that a staggering amount of people still have no access to pelayanan disebabkan masih banyaknya masyarakat Indonesia banking service (unbankable people) even in this modern era,

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yang belum tersentuh oleh jasa layanan perbankan (unbankable encourages the Bank to improve and continue innovating in people). Hasil survei World Bank pada tahun 2010 mencatat its services and products. According to the survey conducted terdapat sekitar 47% dari total masyarakat Indonesia yang by World Bank in 2010, there were only 47% of the total of merupakan penabung di lembaga keuangan formal. Kondisi Indonesian people that used bank service and performed saving akses keuangan di Indonesia ini relatif lebih rendah bila transactions with formal banking institutions. This condition of dibandingkan dengan akses keuangan di negara lain di Asia, the counry is relatively lower compared with other financial seperti Singapura (95%), Korea (65%), Malaysia, Thailand dan access in Asian countries such as Singapore (95%), Korea Sri Lanka (masing - masing 60%). (65%), Malaysia (60%), Thailand (60%) and Sri Lanka (60%).

Tingginya persentase unbankable people di Indonesia The high percentage of unbankable people in Indonesia poses menciptakan peluang tersendiri bagi Bank Sinarmas, yang its own opportunity for Bank Sinarmas, with office network memiliki jaringan kantor tersebar di seluruh Indonesia, untuk spread all across Indonesia, which is to participate in improving meningkatkan kesadaran masyarakat akan layanan dan jasa public awareness on banking products and services through perbankan melalui program-program edukasi masyarakat. public education program. Bank Sinarmas also participates Bank Sinarmas juga berpartisipasi dan mendukung penuh in and fully supports one of the programs from the Financial program Otoritas Jasa Keuangan (OJK) untuk memperluas Services Authority (OJK) namely Layanan Keuangan Tanpa akses masyarakat atas layanan keuangan melalui program Kantor Dalam Rangka Keuangan Inklusif (LAKU PANDAI) or Layanan Keuangan Tanpa Kantor Dalam Rangka Keuangan Branchless Financial Services in the Framework of Inclusive Inklusif (LAKU PANDAI). Finance. This programs aims to expand public access over financial service in Indonesia.

Ke depannya, untuk menghadapi persaingan industri perbankan Hence, in the future, as an effort to overcome the challenges di Indonesia, perlu adanya sebuah transformasi ke dalam of banking industry in Indonesia, transformation into a more sebuah sistem yang berkelanjutan. Dengan mengoptimalkan sustainable system Is needed. By optimizing the Company’s jaringan yang sudah terjalin di 382 kantor yang tersebar di network over 382 established branch offices spread over 34 34 provinsi di Indonesia, kami mengharapkan Bank Sinarmas provinces in Indonesia, we expect to be able to change our dapat menjadi Payment and Transaction Bank dan di saat status to be a Payment and Transaction Bank and at the same bersamaan mensukseskan program OJK dan Pemerintah untuk time shall be able to provide help in succeeding the program meningkatkan financial inclusion di Indonesia. of OJK and government to improve financial inclusion in the country.

Untuk menggapai cita-cita ini, Perseroan telah mempersiapkan To accomplish this vision, the Company has ben preparing itself diri dengan terus meningkatkan pelayanan kepada nasabah, by continuously improving service quality to the customers, such antara lain layanan 24 jam tarik tunai di ATM mana saja as by providing 24-hour ATM services in almost all locations in seluruh Indonesia, layanan satu kartu yang terintegrasi dengan Indonesia, providing one transaction card that is integrated into seluruh master payment, bekerja sama dengan Payment Point all master payment service, cooperating with Payment Point Online Bank (PPOB), meningkatkan engagement dengan SiMas Onlne Bank (PPOB) in the country, and optimizing e-banking Community, memaksimalkan layanan e-banking­ serta mobile service as well as mobile banking (SiMobi and SiMobi Plus) banking SiMobi dan SiMobi Plus melalui mobile phone dengan service through mobile phones that may provide quick, safe cepat, nyaman, dan aman. and comfortable transaction activities.

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STRATEGI YANG TELAH DITEMPUH STRATEGIES THAT HAVE BEEN PADA 2014 DAN STRATEGI KE TAKEN IN 2014 AND FUTURE DEPAN STRATEGIES

Strategi dan kebijakan Bank yang telah ditempuh pada tahun Strategies and policies that have been adopted by Bank in 2014 2014 adalah sebagai berikut: are as follows: 1. Fokus dengan objektif untuk menjadi payment & transaction 1. Focus on the objective: to become a payment and bank melalui pembaharuan sistem teknologi secara transaction bank through sustainable improvement on berkesinambungan untuk mendukung dan meningkatkan technology system to support and enhance service and pelayanan dan transaksi. transaction. 2. Meluncurkan lini bisnis baru terkait kredit UMKM. 2. Launch new business line related to the credit for MSME. 3. Meningkatkan penyaluran dana melalui pembiayaan supply 3. Improve fund distribution through supply chain financing chain financing. method 4. Meningkatkan produktivitas cabang dengan meningkatkan 4. Improve productivity of branch offices by developing kuantitas dan kualitas sumber daya manusia melalui the quantity and quality of Human Resources through recruitment, training serta pelatihan untuk meningkatkan proper recruitment and trainings in order to enhance the kinerja dan kapabilitas staf. performance and capabilities of staffs.

Strategi yang akan dilakukan untuk mencapai target Bank Strategies that will be adopted to achieve the Bank’s as stipulated seperti tertuang dalam RBB 2015 - 2017 adalah sebagai berikut: in Bank’s Business Plan (RBB) 2015-2017 are as follows: 1. Memaksimalkan penggunaan teknologi, meningkatkan 1. Optimizing the use of technology, improving the reliable fitur serta fungsi infrastruktur yang handal serta beralih ke features and functions of infrastructure, as well as switching arah digital dalam meningkatkan pelayanan dan transaksi. to digital usage in order to improve service and transaction 2. Melakukan diversifikasi atas portofolio kredit serta quality. meningkatkan pembiayaan segmen UMKM dan pembiayaan 2. Diversifying credit portfolio and improving MSME financing supply chain financing. segment and supply chain financing segment. 3. Menyediakan layanan keuangan yang lengkap (one stop 3. Providing a comprehensive one-stop financial service financial service) melaluikerjasama dengan perusahaan through partnership with insurance, securities and asset asuransi, sekuritas dan asset management. Dengan management companies. Hence, the Bank will be able to demikian, Bank dapat meningkatkan basis nasabah beserta improve its customer base and transaction volume. jumlah transaksi. 4. Mengoptimalkan jaringan kantor yang sudah ada untuk 4. Optimizing the established office network to develop the meningkatkan pertumbuhan dana Giro dan Tabungan. growth of funds in demand deposits and saving deposits sectors.

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UNIT USAHA SYARIAH Sharia Business Units

PROFIL UNIT USAHA SYARIAH PT. Bank PROFILE OF SHARIA BUSINESS UNITS PT. BANK Sinarmas TBK. SINARMAS TBK. Unit Usaha Syariah (UUS) PT. Bank Sinarmas Tbk. merupakan PT. Bank Sinarmas Tbk. - Sharia Business Unit (UUS) is a Unit Usaha Strategis dari PT. Bank Sinarmas Tbk. yang Strategic Business Unit of PT. Bank Sinarmas Tbk., which runs menjalankan sistem Perbankan melalui kegiatan operasional banking system in accordance to Sharia Principles and started sesuai dengan Prinsip Syariah. Kantor Cabang Syariah pertama to operate on November 18, 2009 by opening its first Sharia mulai beroperasi pada 18 November 2009 di Jakarta. Pendirian Branch Office in Jakarta. The establishment of UUS aims to UUS bertujuan untuk melayani tingginya kebutuhan masyarakat serve public demand on financial banking service based on dual dalam memanfaatkan jasa keuangan perbankan yang banking systems namely conventional banking and especially berbasiskan dual banking system, yaitu sistem konvensional sharia banking based on the Indonesian Ulema Council’s law dan sistem syariah, dengan memperhatikan keunggulan prinsip on the bank’s interest. Perbankan Syariah, karena adanya Fatwa MUI tentang bunga bank.

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VISI, MISI DAN NILAI Syariah VISION, MISSION AND SHARIA VALUE Visi: Vision: Menjadi Bank Syariah yang Sehat dan Terkemuka di Indonesia To become Healthy and Leading Sharia Banking Institution in Indonesia

Misi: Mission 1. Memperluas basis nasabah, mulai dari nasabah usaha 1. Expand customer base from micro, small and medium mikro, kecil dan menengah (UMKM), melalui kerja sama enterprises through strategic cooperation with financial strategis dengan lembaga keuangan maupun mitra usaha institutions as well as other business partners. lainnya. 2. Memperluas jaringan kantor untuk penetrasi pasar pada 2. Expand office networks for market penetration in centers of sentra-sentra UMKM. micro, small and medium enterprises. 3. Meningkatkan kemampuan teknologi dan sistem informasi 3. Improve the banking technology and information systems bank serta Sumber Daya Manusia (SDM) dalam rangka as well as human resources to give best service. memberikan layanan prima. 4. Menciptakan produk dan/atau aktifitas unggulan yang 4. Create innovative products and/or activities and develop an inovatif dan mengembangkan strategi pemasaran yang jitu. accurate marketing strategy. 5. Membudayakan sistem manajemen risiko sesuai prinsip 5. Incorporate risk management system according to kehatian-hatian (Prudent) dan prinsip Perbankan Syariah prudential principles and Islamic Banking Principles to (Islamic Banking Principle) dalam rangka mewujudkan tata implement Good Corporate Governance. kelola perusahaan yang baik (Good Corporate Governance GCG).

Nilai Sharia: Sharia Value: Sharing : Senantiasa berbagi dan saling Sharing : Always shares and brings mutual benefit menguntungkan. Harmony : Harmonis antara kebutuhan material, Harmony : Harmony between material, moral and moral dan spiritual dalam rangka spiritual needs to actualize justice and mengaktualisasikan keadilan sosial & brotherhood in the society persaudaraan dalam masyarakat. Accountability : Dapat dipertanggungjawabkan. Accountability : Accountable Reliability : Dapat diandalkan. Reliability : Reliable Integrity : Berintegritas tinggi. Integrity : High Intergrity Accuracy : Akurat dan transparan dalam pelayanannya Accuracy : Accurate and transparent services

Dewan Komisaris beserta Direksi telah bersama-sama Board of Commissioners and Board of Directors have come membahas, mengkaji dan menyetujui Visi dan Misi secara together to discuss, review and approve the Vision and Mission mendalam dan telah berkomitmen untuk melaksanakan hal deeply and have committed to carry out those matters in order tersebut guna menghadapi dinamika bisnis perbankan syariah to deal with the dynamics of banking business that is always yang selalu berubah. changing.

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Jejak Langkah MILESTONE

1989 2010 Perseroan didirikan dengan nama • PT. Bank Sinarmas menjadi perusahaan publik pada 31 Desember 2010 / PT Bank Shinta Indonesia / The PT. Bank Sinarmas goes public on December 31, 2010 company was established with the • PT. Bank Sinarmas Tbk. - UUS mendapatkan izin sebagai Bank Devisa name of PT Bank Shinta Indonesia berdasarkan Surat Bank Indonesia No. 12/599/DPbS Tertanggal 27 April 2010 / PT. Bank Sinarmas Tbk. - Sharia Business Unit obtained license as foreign exchange bank based on Bank Indonesia Letter No. 12/599 / DPbS 1995 Dated April 27, 2010 Perseroan menjadi Bank Umum • PT. Bank Sinarmas Tbk. - UUS mendapatkan Izin Pembukaan Kantor Devisa / The Company obtained Kas Syariah (KKS) berdasarkan Surat ijin Bank Indonesia No. 12/1437/ Foreign Exchange Bank Status DPbS Tertanggal 3 September 2010 Perihal Pembukaan Kantor di bawah Kantor Cabang Syariah Bank Saudara / PT. Bank Sinarmas Tbk. - Sharia 2005 Business Unit obtained License to Open Sharia Cash Office based on Bank PT Bank Shinta Indonesia diakuisisi Indonesia Letter No. 12/1437/DPbS Dated September 3, 2010 regarding oleh PT Sinar Mas Multiartha Tbk the Opening of Office under the Sharia Branch Office of Bank Saudara (Holding of Sinarmas Group) / PT Bank • Pembukaan Kantor Kas Syariah (KKS) di Tanah Abang pada 30 September Shinta Indonesia was acquired by by PT 2010 / The opening of Sharia Cash Office in Tanah Abang on September Sinar Mas Multiartha Tbk (Holding of 30, 2010 Sinarmas Group)

2006 PT Bank Shinta Indonesia berganti nama menjadi PT. Bank Sinarmas / PT Bank Shinta Indonesia changed its name to PT. Bank Sinarmas • Total Kantor / Total Offices : 15 kantor/offices • Total Aset / Total Assets : USD 48 miliar/billion • Shareholder Equity : USD 11 miliar/billion • Total Karyawan / Total Employees : 247 karyawan/employees

2009 • Perseroan mengubah Anggaran Dasar dan Menambah Modal Dasar menjadi Rp2 triliun dan Modal Disetor menjadi Rp525 miliar / The Company changed the Articles of Association and Adding Authorized Capital to Rp2 Trillion and Paid-in Capital to Rp525 Billion • Perseroan mendapatkan Ijin untuk Pelaksanaan Wali amanat / The Company obtained license for Operating Trustee Service • Perseroan mendapatkan Ijin untuk Pendirian Unit Usaha Syariah (UUS), berdasarkan Keputusan Deputi Gubernur Bank Indonesia No. 11/13/KEP. DpG/2009 Tentang Pemberian Izin Usaha Unit Usaha Syariah (UUS) PT. Bank Sinarmas / The Company obtained license for establishing Sharia Business Unit, based on the Decision of the Deputy Governor of Bank Indonesia No. 11/13/KEP. DpG/2009 on the Granting Permit of Sharia Business Unit of PT. Bank Sinarmas • Pembukaan Kantor Cabang Syariah PT. Bank Sinarmas Tbk-UUS pada 18 November 2009 di Jl. Cik Ditiro No. 29 Menteng, Jakarta Pusat / The opening of 18 Sharia Branch Offices of PT Sinarmas Tbk-Sharia Business Unit on November 18, 2009 at Jl. Cik Ditiro No. 29 Menteng, Jakarta Pusat

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2011 2013 Kondisi PT. Bank Sinarmas Tbk. per 31 Desember 2011 / PT. Bank • PT. Bank Sinarmas Tbk. - UUS mendapatkan izin dari Bank Sinarmas Tbk’s condition as of December 31, 2011: Indonesia untuk membuka 24 kantor cabang syariah dan 8 • Total Kantor / Total Offices : 220 kantor/offices Kantor Kas syariah / PT. Bank Sinarmas Tbk. - Sharia Business • Total Aset / Total Assets : Rp16,630 miliar/billion Unit obtained license from Bank Indonesia to open 24 sharia • Shareholder Equity : Rp1.358 miliar/billion branch offices and 8 sharia cash offices • Total Karyawan / Total Employees : 3558 karyawan/employees • PT. Bank Sinarmas Tbk. - UUS membuka cabang di 24 kantor cabang yang tersebar di Karawang, Semarang, Lombok, Kondisi PT. Bank Sinarmas Tbk-UUS per 31 Desember 2011 / − PT. Malang, Kediri, Surabaya, Bandung, Bogor, Cirebon, Jember, Bank Sinarmas Tbk. - Sharia Business Unit’s condition as of December Banjarmasin, Tasikmalaya, Kudus, Padang, Jambi, Bengkulu, 31, 2011: Denpasar, Purwokerto, Solo, Pontianak, Medan, Lampung, • Total Kantor / Total Offices : 2 kantor/offices Makassar, dan Sukabumi / PT. Bank Sinarmas Tbk. - Sharia • Total Aset / Total Assets : Rp9,36 miliar/billion Business Unit opened 24 branch offices located in Karawang, • Shareholder Equity : Rp100 miliar/billion Semarang, Lombok, Malang, Kediri, Surabaya, Bandung, Bogor, • Total Karyawan / Total Employees : 61 karyawan/employees Cirebon, Jember, Banjarmasin, Tasikmalaya, Kudus, Padang, Jambi, Bengkulu, Denpasar, Purwokerto, Solo, Pontianak, Medan, Lampung, Makassar, and Sukabumi • PT. Bank Sinarmas Tbk. - UUS membukan 8 kantor kas syariah 2012 yang tersebar di wilayah KKS Karawang Galuh, KKS Semarang • PT. Bank Sinarmas Tbk. - UUS mendapatkan Izin Pembukaan Ngaliyan, KKS Malang Kebon Agung, Mojokerto, KKS Surabaya Kantor Kas Syariah (KKS) berdasarkan Surat Izin Bank Indonesia Rungkut, KKS Bandung Cibaduyut, KKS Bandung Rajawali,KKS No. 14/509/DPbS Tertanggal 9 April 2012 Perihal Pembukaan Pendawa Pendawa Bogor / PT. Bank Sinarmas Tbk. - Sharia Kantor di bawah Kantor Cabang Syariah Bank Saudara / PT. Bank Business Unit opened 8 sharia cash offices spreaded throughout Sinarmas Tbk. - Sharia Business Unit obtained License to Open sharia cash offices of Karawang Galuh, Semarang Ngaliyan, Sharia Cash Office based on Bank Indonesia Letter No. 14/509/ Malang Kebon Agung, Mojokerto, Surabaya Rungkut, Bandung DPbS Dated April 9, 2012 Regarding the Opening of Office Cibaduyut, Bandung Rajawali, Pendawa Bogor under the Sharia Branch Office of Bank Saudara. • Kondisi PT. Bank Sinarmas Tbk. - UUS per 31 Desember 2013 / • Pembukaan Kantor Kas Syariah (KKS) di Pondok Kelapa, Duren PT. Bank Sinarmas Tbk. - Sharia Business Unit’s condition as of Sawit, Jakarta Timur pada 24 September 2012 / The opening of December 31, 2013 : Sharia Cash Office at Pondok Kelapa, Duren Sawit, Jakarta Timur • Total Kantor / Total Offices : 36 kantor/offices on September 24, 2012 • Total Aset / Total Assets : Rp1.273 miliar/billion • PT. Bank Sinarmas Tbk. - UUS mendapatkan Izin Pembukaan • Shareholder Equity : Rp100 miliar/billion Kantor Kas Syariah (KKS) berdasarkan Surat Izin Bank Indonesia • Total Karyawan / Total Employees : 574 karyawan/employees No. 14/509/DPbS Tertanggal 23 Agustus 2012 Perihal Pembukaan Kantor di bawah Kantor Cabang Syariah Bank Saudara / PT. Bank Sinarmas Tbk. - Sharia Business Unit obtained 2014 License to Open Sharia Cash Office based on Bank Indonesia • PT. Bank Sinarmas Tbk. - UUS mendapatkan izin dari Bank Letter No. 14/509/DPbS Dated August 23, 2012 Regarding Indonesia untuk membuka 1 kantor cabang syariah yaitu Kantor the Opening of Office under the Sharia Branch Office of Bank Cabang Syariah Pekalongan / PT. Bank Sinarmas Tbk. - Sharia Saudara Business Unit obtained license from Bank Indonesia to open 1 • Kondisi PT. Bank Sinarmas Tbk. - UUS per 31 Desember 2012 / sharia branch office in Pekalongan PT. Bank Sinarmas Tbk. - Sharia Business Unit’s condition as of • Kondisi PT. Bank Sinarmas Tbk. - UUS per 31 Desember 2014 / December 31, 2012 : PT. Bank Sinarmas Tbk. - Sharia Business Unit’s condition as of • Total Kantor / Total Offices : 4 kantor/offices December 31, 2014: • Total Aset / Total Assets : Rp879 miliar/billion • Total Kantor / Total Offices : 38 kantor/offices • Shareholder Equity : Rp100 miliar/billion • Total Aset / Total Assets : Rp1.980 miliar/billion • Total Karyawan / Total Employees : 78 karyawan/employees • Shareholder Equity : Rp268 miliar/billion • Total Karyawan / Total Employees : 966 karyawan/employees

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DEWAN PENGAWAS SYARIAH (DPS) SHARIA SUPERVISORY BOARD (DPS)

Profil Dewan Pengawas Syariah Profile of Sharia Supervisory Board Prof. Dr. KH. Ali Mustafa Yaqub, MA Prof. Dr. KH. Ali Mustafa Yaqub, MA Warga Negara Indonesia, lahir di Batang, 2 Maret 1952, An Indonesian Citizen born in Batang on March 2, 1952 (62 berumur 62 tahun. Beliau telah mendapat rekomendasi dari years old). Mr. Yaqub was recommended by the National Dewan Syari’ah Nasional - Majelis Ulama Indonesia (No.U-235/ Sharia Board - Indonesian Ulema Council (No.U-235/DSN-MUI/ DSN-MUI/VII/2009) serta telah lulus Fit and Proper Test dari Bank VII/2009) and has passed Bank Indonesia’s Fit and Proper Test. Indonesia. Beliau diangkat sebagai Ketua Dewan Pengawas He was appointed as the Chairman of Sharia Supervisory Board melalui Rapat Umum Pemegang Saham PT. Bank Sinarmas Tbk. through the General Meeting of Shareholders of PT. Bank pada 20 November 2009. Sinarmas Tbk. on November 20, 2009.

Riwayat pendidikan beliau diawali pada 1966 di pesantren His education started in 1966 at Teburieng Islamic Boarding Tebuireng Jombang, selanjutnya pada 1976 lulus tingkat School, Jombang, later in 1976 he earned his baccalaureate sarjana muda di Universitas Hasyim Asy’ari Fakultas Syariah, from Sharia Faculty, University of Hasyim Asy’ari, and received dan lulus gelar sarjana di Universitas Islam Imam Muhammad his bachelor degree from Faculty of Sharia at Imam Muhammad bin Saud, Riyadh Fakultas Syariah. Pada 1985 memperoleh bin Saud Islamic University, Riyadh. In 1985 he earned his gelar Master Tafsir Hadits di Universitas King Saud, Riyadh, Magister of Tafsir Hadits from University of King Saud, Riyadh serta beliau memperoleh gelar Doktor di Universitas Nizamia and his Doctoral degree from University of Nizamia Hyderabad, Hyderabad, India pada 2008. India, in 2008.

Beliau juga dikenal sebagai pakar ilmu hadits serta sebagai He is also well-known as a hadits experts as well as a manager pengasuh pesantren Luhur Ilmu Hadits Darus Sunnah, Guru at Luhur Ilmu Hadis Darus Sunnah Islamic Boarding School, Besar Ilmu Hadits Institut Ilmu Alquran (IIQ) dan Imam Besar Professor of Hadits at Institut Ilmu Alquran (IIQ) and Imam of Masjid Istiqlal Jakarta. Selain itu, beliau hingga saat ini menjabat Istiqlal Mosque Jakarta. Besides, he is currently served as the sebagai wakil ketua komisi fatwa MUI Pusat, wakil ketua badan vice chairman of Law Committee of the head office of the pelaksana harian Dewan Nasional Syari’ah MUI. Indonesian Ulema Council (MUI), and as the vice chairman of daily management of the MUI’S National Sharia Board.

Ahmad , LC. M. Ag. Ahmad Sukarno, LC. M. Ag. Warga Negara Indonesia, lahir di Jepara, 16 Maret 1968, An Indonesian Citizen born in Jepara on March 16, 1968 (46 berumur 46 tahun. Beliau telah mendapat rekomendasi dari years old). Mr. Sukarno was recommended by the National Dewan Syari’ah Nasional - Majelis Ulama Indonesia (No.U-235/ Sharia Board - Indonesian Ulema Council (No.U-235/DSN-MUI/ DSN-MUI/VII/2009) serta telah lulus Fit and Proper Test dari Bank VII/2009) and has passed Bank Indonesia’s Fit and Proper Test. Indonesia. Beliau diangkat sebagai anggota Dewan Pengawas He was appointed as a member of the Sharia Supervisory Board Syari’ah (DPS) PT. Bank Sinarmas Tbk. - Unit Usaha Syariah of PT. Bank Sinarmas Tbk. - Sharia Business Unit through the melalui Rapat Umum Pemegang Saham PT. Bank Sinarmas Tbk. General Meeting of Shareholders of PT. Bank Sinarmas Tbk. on pada 20 November 2009. November 20, 2009.

Beliau memperoleh gelar di Fakultas Syari’ah Ma’had Al ‘ulum He earned his degree from Faculty of Sharia Ma’had Al ‘ulum Al Al Islamiyah wal’arabiyah binaan Universitas Muhammad ibn Islamiyah wal’arabiyah binaan at the University of Muhammad Sa’ud, lulus pada 1994. Selanjutnya pada 2002, lulus S2 dengan ibn Sa’ud in 1994. Later in 2002 he received his Magister of Gelar magister agama Islam dari Universitas Ibn Khaldun Bogor, Islamic Religion degree from Ibn Khaldun University, Bogor, konsentrasi Hukum Mu’amalah Islam. majoring in Islamic Mu’amalah Law.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Karier beliau dimulai pada 1993 sebagai dosen Ma’had His career started in 1993 as a lecturer at Ma’had (Islamic (Lembaga Studi Islam) Sholahudin, Bogor. Lalu pada 1998 Institute) Sholahudin, Bogor. Later in 1998 he gave Islamic mengajar Pendidikan Agama Islam di Institute Pertanian Bogor. lecture at Bogor Agriculture Institute (IPB). He acted as a Pada 2000, beliau menjadi Sekretaris Dewan Pengawas Syari’ah Secretary of Supervisory Boards of Syari’ah Syarikat Takaful Syarikat Takaful Indonesia. Sejak 2004 hingga saat ini, beliau Indonesia in 2000. Since 2004 until present, he serves as a juga menjadi anggota Dewan Pengawas Syari’ah Asuransi member of the Supervisory Board of Eka Life Sharia Bank. Syari’ah Eka Life.

Tugas dan Tanggung Jawab Dewan Pengawas Syariah Duties and Responsibilities of Sharia Supervisory Board Setiap kegiatan anggota DPS telah memenuhi ketentuan PBI Any activities of the member of Sharia Supervisory Board have No. 11/10/PBI/2009 tentang Unit Usaha Syariah mengenai complied with PBI regulation No. 11/10/PBI/2009 on Sharia Dewan Pengawas Syariah. Tugas dan tanggung jawab DPS Business Unit regarding Sharia Supervisory Board. Duties and adalah sebagai berikut: responsibilities of Sharia Supervisory Board are as follows: a. DPS bertugas dan bertanggung jawab memberikan a. Sharia Supervisory Board is in charge and responsible for nasihat dan saran kepada Direktur UUS serta mengawasi giving advice and suggestions to the Sharia Business Unit kegiatan UUS agar sesuai dengan Prinsip Syariah. Director as well as supervising the Sharia Business Unit b. Pelaksanaan tugas dan tanggung jawab DPS sebagaimana activities to stay in line with Sharia principles. dimaksud pada butir a meliputi antara lain: b. The implementation of tasks and responsibilities of Sharia • Menilai dan memastikan pemenuhan Prinsip Supervisory Board as stated in point a includes: Syariah dalam pedoman operasional dan produk yang • Assessing and ensuring the compliance with Sharia dikeluarkan UUS; principles on the operational and products guidelines issued by the Sharia Business Unit; • Mengawasi proses pengembangan produk baru • Supervising the process of the Sharia Business Unit’s UUS sejak awal sampai dengan dikeluarkannya produk new products development since the beginning until tersebut; the launching; • Memberikan opini syariah terhadap produk • Giving sharia opinions on new products and/or on the baru dan/ atau pembiayaan yang direstrukturisasi; restructuring of financing • Meminta fatwa kepada Dewan Syariah Nasional • Asking for law enforcement to the National Sharia untuk produk baru UUS yang belum ada fatwanya; Council for Sharia Business Unit ‘s new products without law; • Melakukan review secara berkala atas pemenuhan • Conducting review on the compliance of Sharia Prinsip Syariah terhadap mekanisme penghimpunan principles in the mechanisms of fund raising and dana dan penyaluran dana serta pelayanan jasa bank; distribution of funds and bank services; and dan • Meminta data dan informasi terkait dengan aspek • Requesting data and information related to sharia syariah dari satuan kerja UUS dalam rangka pelaksanaan aspects of the Sharia Business Unit work force in tugasnya. implementing their duties.

Penyelenggaraan Rapat Dewan Pengawas Syariah Sharia Supervisory Board Meetings Pada 2014, rapat DPS dilakukan secara rutin tiap 1 (satu) In 2014, the meeting of Sharia Supervisory Board was held bulan sekali dan hasil rapat DPS telah didokumentasi dengan regularly every once a month and the resolution of the meeting baik, serta menjadi masukan bagi UUS dalam melaksanakan has been documented well, as well as becoming inputs for kegiatan operasional. Sharia Business Unit in carrying out operational activities.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Jumlah Kehadiran Kehadiran Nama / Name Number of meetings Attendance

Prof. Dr. KH. Ali Mustafa Yaqub, MA 9/12 75% Ahmadi Sukarno, LC, M.Ag 9/12 75%

Agenda Rapat Meeting Agenda Tanggal No Agenda Date

l Progress pembukaan cabang-cabang syariah / Progress on the opening of sharia branches. l Pembahasan mengenai produk syariah yang masih tertunda Bancaasurance, Simas 30 Januari 2014 Power link dan kerja sama dengan TNETS / Discussion on sharia products delayed by 1 January 30, 2014 Bancaasurance, Simas Power link dan cooperation with TNETS. l Pengembangan produk syariah tabungan hidayah menggunakan akad mudharabah /  Development of sharia products on hidayah savings using mudharabah. l Penyampaian pembukaan KCS Palembang yang telah diresmikan pada 7 februari 2014 / Submission of the opening of Sharia Branch Office in Palembang which was inaugurated on February 7, 2014. l Pengembangan SDM mikro yang akan mencapai 3000 Karyawan yang mencakup di seluruh KCS / Development of micro-HR reaching 3000 Employees covering throughout all Sharia Branch Offices. 20 Februari 2014 2 l Perubahan akad pembiayaan mikro yang awalnya akad ijarah multijasa menjadi akad February 20, 2014 mudharabah / Changes in micro financing agreement from multiservice ijarah to mudharabah. l Program campaign yang akan dilakukannya campaign ke 27 KCS / Campaign program of the 27th Sharia Branch Offices campaign. l Rencana Produk Baru yaitu akan berencana mengeluarkan produk berupa kartu kredit syariah / New Product Plan of the plan to launch sharia credit card. l Rencana penutupan KCS Palembang dikarenakan terjadinya keterlambatan pembukaan KCS dari jangka waktu yang telah ditentukan maka harus diadakan rencana penutupan KCS Palembang / Plan to close Sharia Branch Office in Palembang due to the delay in the opening of the branch office from the specified period of time. l Rencana BUS penyampaian spin off UUS pada 2018 / BUS plan on the submission of 26 Maret 2014 3 Sharia Business Unit spin off for 2018. March 26, 2014 l Pelaksanaan program iB campaign pada Maret 2014 dilaksanakan di kota lampung pada 20 hingga 23 Maret 2014 / Implementation of iB campaign program on March 2014 held in Lampung from March 20 to March 23, 2014. l Rencana peluncuran produk bancassurance SIMPOL (simas power link) / Plan to launch bancassurance product called SIMPOL (simas power link). l Perekrutan karyawan non muslim (untuk pimpinan cabang dan front liner). Hal ini tidak masalah dengan adanya penyesuaian / Recruitment of non-Muslim employees (for 16 April 2014 branch leaders and front liner). This is not a problem for adjustment. 4 April 16, 2014 l Front liner uniform l Rencana peluncuran produk bancassurance dan SIMPOL (simas power link) /  Plan to launch bancassurance product and SIMPOL (simas power link). l Pembahasan SE OJK No.1/SEOJK.07/2014 tentang pelaksanaan edukasi dalam rangka meningkatkan literasi keuangan kepada konsumen dan/atau masyarakat / Discussion on Financial Services Authority Circular Letter No.1/SEOJK.07/2014 concerning education to improve customer’s and/or people’s financial literacy. 21 Mei 2014 5 l Rencana pengajuan KCS Pekalongan yang masih menunggu kesiapan cabang syariah May 21, 2014 pekalongan / Plan to endorse Sharia Brand Office in Pekalongan. l Perubahan SKN / Change of SKN. l Rencana peluncuran produk bancassurance dan SIMPOL (simas power link) / Plan to launch bancassurance product and SIMPOL (simas power link).

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Tanggal No Agenda Date

l Pembahasan SE OJK No.1/SEOJK.07/2014 tentang pelaksanaan edukasi dalam rangka meningkatkan literasi keuangan kepada konsumen dan/atau masyarakat / Discussion on Financial Services Authority Circular Letter No.1/SEOJK.07/2014 concerning education to improve customer’s and/or people’s financial literacy. l Rencana pengajuan KCS Pekalongan yang masih menunggu izin dari OJK / Plan to endorse Sharia Brand Office in Pekalongan waiting for to be licensed by OJK. l Pelaksanaan pengajian dan silaturahmi menjelang bulan Ramadhan / Recitation and 25 Juni 2014 6 gathering in welcoming the month of Ramadhan. June 25, 2004 l Pelaksanaan program tabungan Simas Community / Implementation of Simas Community savings program. l Peluncuran produk bancaasurance dan SIMPOL / Launching of bancassurace product and SIMPOL. l Penyaluran pembiayaan mudharabah /  Distribution of mudharabah finaning. l Penggunaan akad Qardh untuk pengambil alihan hutang / The use of Qardh scheme for loan takeovers. 23 Juli 2014 l Pembayaran tunjangan hari raya / Holiday allowance payment. 7 July 23, 3014 l Laporan DPS semester 1 tahun 2014 / DPS Report on the first half of 2014. l Rencana peresmian KCS pekalongan / Plan on inaugurating the Sharia Branch Office in 27 Agustus 2014 8 Pekalongan. August 27, 2014 l Penyediaan seragam bagi front liner / Distribution of uniform for the frontliner. l Peresmian KCS Pekalongan / Inauguration of the Sharia Branch Office in Pekalongan. l Seragam marketing, agar menggunakan yang berbasis syariah / Marketing uniform, to comply with the sharia principles. 24 September 2014 9 l Pelaksanaan dan pengembangan office chanelling / Implementation and development of September 24, 2014 office channeling. l Rencana recruitment MT (management trainee) 3 / Plan to recrut 3 MT (management trainee) l Rencana pelaksanaan rapat kerjaraker yang dibagi di 2 (dua) tempat, yaitu wilayah Timur dan Barat, serta evaluasi pencapaian cabang dan penetepan target 2015 / Plan to hold working meetings in 2 (two) areas, East and West, as well as to evaluate branch achievements and to determine 2015 target. 29 Oktober 2014 l Pembahasan fatwa tentang pemberian hadiah tidak diperkenankan dalam bentuk tunai / 10 October 29, 2014 Discussion on law concerning gift that is not allowed to be given in cash. l Pengguanaan akad yang tepat untuk transaksi penghimpunan dana dalam kaitannya dengan pemberian hadiah dengan akad wadiah atau mudharabah / The use of appropriate contract for fund raising transactions in relation with gifts given with wadiah or mudharabah contract. l Pengembangan produk dan rencana pengembangan produk gadai dengan akad rahn / Product development and development plan of pawn products with rahn contract. 26 November 2014 11 l Perhitungan bagi hasil dan pemberian bagi hasil dengan jangka waktu yang berbeda November 26, 2014 dengan yang dijanjikan lebih awal / Calculation and distribution of profit sharing with different time period from the promised time. l Pengembangan cabang dan rencana pengembangan kantor fungsional UUS / Branch development and development plan of functional office of Sharia Business Unit. 12 17 Desember 2014 l Program Simas Community / Simas Community Program. l Layanan Syariah / Sharia services.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 181 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Aspek Pengungkapan/Transparansi Mengenai DPS Aspect of Disclosure/Transparency of Sharia Supervisory Board Rangkap jabatan Sebagai anggota DPS pada lembaga keuangan Concurrent position as a member of Sharia Supervisory Board Syariah lainnya, secara jelas dilampirkan pada tabel sbb : on other Sharia financing institution, is enclosed on the table below: Nama Posisi Pada Perusahaan Lain Nama Perusahaan Lain Name Concurrent Position at Other Company Name of Other Company

Prof. Dr. KH. Ali Mustafa Yaqub, MA DPS PT Asuransi Astra Buana Ahmadi Sukarno, LC, M.Ag DPS PT Asuransi Jiwa Sinarmas MSIG

Selain itu, Para DPS juga telah mengungkapkan hal-hal berikut: In addition, the Sharia Supervisory Board has stated that: a. Para DPS tidak memanfaatkan UUS untuk mengurangi a. The Sharia Supervisory Board does not exploit UUS for the kepentingan pribadi, keluarga, dan/atau pihak lain yang use of personal, family, and/or other parties that could mengurangi aset atau mengurangi keuntungan UUS. reduce assets or reduce profits of UUS. b. Para DPS tidak mengambil dan/atau menerima keuntungan b. The Sharia Supervisory Board does not take and/or receive pribadi dari UUD selain remunerasi dan fasilitas lainnya personal benefits from the Constitution other than ditetapkan RUPS. remuneration and other facilities determined in the General Meeting of Shareholders. c. Para DPS tidak merangkap jabatan sebagai konsultan di c. The Sharia Supervisory Board does not hold concurrent seluruh BUS dan/atau UUS. position as consultant on any of BUS and/or UUS.

DIREKTUR UNIT USAHA SYARIAH BOARD OF DIRECTORS OF SHARIA BUSINESS UNIT PT. Bank Sinarmas Tbk. menetapkan 1 (satu) Direktur yang PT. Bank Sinarmas Tbk. assign 1 (one) Director in charge of membawahi Unit Usaha Syariah, di mana sejak berdirinya UUS Sharia Business Unit (UUS), in which since the establishment of sampai dengan saat ini belum terdapat pergantian direktur UUS until today the position of director in charge of UUS has yang membawahi UUS. not been changed.

Heru Agus Wuryanto Heru Agus Wuryanto Warga Negara Indonesia, lahir di Blitar, 7 Agustus 1966, An Indonesian Citizen born in Blitar on August 7, 1966 (48 berumur 48 tahun. Setelah lulus Fit and Proper Test dari Bank years old). After passing Bank Indonesia’s Fit and Proper Test, Indonesia, beliau diangkat sebagai Direktur Kredit & Marketing Mr. Wuryanto was promoted as Director of Credit & Marketing Bank Sinarmas melalui Rapat Umum Pemegang Saham of PT. Bank Sinarmas Tbk. through the General Meeting of PT. Bank Sinarmas Tbk. pada 9 Maret 2006. Pada 6 Oktober Shareholders of PT. Bank Sinarmas Tbk. on March 9, 2006. On 2006, melalui Rapat Umum Pemegang Saham, beliau diangkat October 6, 2006, through the General Meeting of Shareholders, sebagai Direktur Human Resources & General Affair. Pada 20 he was assigned as Director of Human Resources & General November 2009, melalui Rapat Umum pemegang Saham, Affair. On November 20, 2009, through the General Meeting beliau diangkat sebagai Direktur General Affair & Syariah. Pada of Shareholders, he was promoted as Director of General Affair Rapat Umum pemegang Saham 2014, sesuai dengan struktur & Sharia. On the General Meeting of Shareholders in 2014, organisasi PT. Bank Sinarmas Tbk., beliau masih tetap dipercaya in accordance with the organizational structure of PT. Bank sebagai Direktur UUS. Sinarmas Tbk., he continues to serve as Director of Sharia Business Unit.

182 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Riwayat pekerjaan beliau dimulai di Astra Credit Company Mr. Wuryanto started his career at Astra Credit Company during pada 1990-1995. Karier selanjutnya pada 1995-1997 di PT BII 1990-1995. In 1995-1997 he served as a Marketing Manager Finance Center sebagai Marketing Manager, dilanjutkan pada at PT BII Finance Center, and as an Area Manager during 1997- 1997-2002 pada tempat yang sama sebagai Area Manager, 2002 at the same company. Still at PT BII Finance Center during masih di perusahaan yang sama PT BII Finance Center tepatnya 2002-2003 he was promoted as General Manager. From 2003 pada tahun 2002-2003 diangkat sebagai General Manager. to 2006 he then joined PT Sinar Mas Multifinance and was Pada 2003 hingga 2006, beliau bergabung dengan PT Sinar entrusted as a Director. Mas Multifinance dan dipercaya sebagai Direktur.

Beliau memperoleh Gelar Sarjana Ekonomi, jurusan Akuntansi Mr. Wuryanto earned his Bachelor Degree in Economics pada Universitas Brawijaya Malang pada 1989. Selanjutnya majoring Accounting from Brawijaya University, Malang, in pada 1999, beliau memperoleh Gelar Master pada jurusan 1989. In 1999, he received his Magister degree majoring in Finance dari Universitas Indonesia Esa Unggul Jakarta. Finance from the University of Indonesia Esa Unggul, Jakarta.

Kriteria dan Indepedensi Direktur UUS Criteria and Independency of Director of Sharia Business Unit Direktur UUS memiliki integritas, kompetensi dan komitmen Director of Sharia Business Unit (UUS) has the integrity, dalam pengembangan UUS. Hal ini terbukti dari kinerja UUS competency and commitment to develop UUS. This is proven dalam pencapaian target atas pencapaian aset dan keuntungan by the performance of UUS in achieving its target assets and yang didapat. Sejauh ini selama PT. Bank Sinarmas Tbk. - UUS in earning profits. So far, there has been no occurrence of berjalan, tidak terlihat adanya benturan kepentingan (conflict conflict of interest involving the Director of UUS in performing of interest) dari Direktur UUS dalam menjalankan tugasnya. his duties.

Pelaksanaan Tugas dan Tanggung Jawab Direktur UUS Duties and Responsibilities of Director of Sharia Business Unit Direktur UUS telah bertugas dan bertanggung jawab penuh Director of UUS is in charge and fully responsible for the baik atas pelaksanaan pengelolaan UUS berdasarkan prinsip implementation of UUS management in compliance with the kehati-hatian dan Prinsip Syariah. Direktur UUS bertanggung precautionary principle and the Sharia principles. Director jawab terhadap pelaksanaan GCG disetiap kegiatan UUS. of UUS is responsible for the implementation of GCG on all Direktur UUS menindaklanjuti rekomendasi hasil pengawasan of UUS activities. Director of UUS is responsible to follow DPS, hasil pengawasan Bank Indonesia, Temuan Audit Internal up recommendations from the Sharia Supervisory Board’s maupun eksternal dan melakukan perencanaan manajemen supervision results, Bank Indonesia’s supervision results, internal risiko yang baik dan memperhatikan kepatuhan kegiatan and external audit findings, as well as to construct a good risk UUS terhadap aturan yang ada. Adapun tanggung jawab lain management planning and to pay attention to the activities of direalisasikan dalam bentuk penanganan di bidang berikut: UUS in compliance the applicable rules. Other responsibilities are realized in the management of the following areas:

• Sumber Daya Manusia/Insani (SDM/I) • Human Capital Direktur UUS secara terus menerus dan konsisten Director of UUS constantly and consistently provide memberikan arahan dalam proses pemenuhan SDM, baik guidance in the process of fulfilling the need of Human untuk Kantor Pusat maupun Kantor Cabang Syariah atau Capital, both on Main Office or on Sharia Branch Offices Kantor di bawah Kantor Cabang Syariah. Peningkatan or Offices under the Sharia Branch Office. Continuous kompetensi perbankan syariah secara berkesinambungan improvement on the competency of sharia banking is melalui mengikutsertakan karyawan/ti UUS dalam berbagai done by including employees of UUS in a variety of in-

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

pelatihan (in-class) menyangkut perbankan syariah dan class training concerning sharia banking and training as pelatihan sekaligus praktik minibanking bagi karyawan well as of minibanking practice especially for frontliner frontliners khususnya, serta pelatihan pemahaman produk employees, and also product knowledge training for (product knowledge) bagi karyawan Marketing. Pelatihan Marketing employees. Those trainings are conducted inside terhadap karyawan tersebut dilakukan di internal Bank Bank Sinarmas and are supported with external trainings. Sinarmas yang didukung dengan pelatihan eksternal. Hal It indicates that Director of UUS has the commitment and ini menunjukkan bahwa Direktur UUS memiliki komitmen consistency to further develop Human Capital. dan konsistensi untuk terus mengembangkan SDM/I .

• Kepatuhan • Compliance Direktur UUS secara terus menerus dan konsisten Director of UUS constantly and consistently provide memberikan arahan dalam pengoperasian UUS di mana guidance on UUS operations in which it must always and harus selalu dan wajib mengacu pada Peraturan Bank shall refer to Bank Indonesia Regulations (PBI), Financial Indonesia (PBI), Peratuan Otoritas Jasa Keuangan, Fatwa Services Authority Regulations, Law of National Sharia Dewan Syariah Nasional - Majelis Ulama Indonesia (DSN Board - Indonesian Ulema Council (DSN - MUI) as well as - MUI) serta aturan-aturan terkait yang berlaku. Secara to other related regulations. Specifically, the operations of khusus, pengoperasian UUS dalam hal penyaluran dana UUS in terms of distribution of funds in form of financing dalam bentuk pembiayaan dalam batasan nilai pembiayaan within the limits of the value of certain financing, involves tertentu, melibatkan Divisi Kepatuhan Bank Umum the Commercial Bank Compliance Division (BUK) as the Konvensional (BUK) sebagai Bank Induk untuk memberikan Main Bank to give its opinion regarding financing that opininya terhadap pembiayaan yang akan diberikan. will be granted. To strengthen compliance within UUS, Untuk memperkuat kepatuhan di UUS, maka Direktur UUS Director of UUS considers it necessary to assign one officer menganggap perlu menempatkan salah satu officer pada that has adequate knowledge of Sharia principles to the divisi kepatuhan yang paham mengenai Prinsip-prinsip compliance division. That sharia officer has been assigned Syariah. Officer syariah tersebut telah ditempatkan di Divisi at Compliance Division and has served to monitor sharia Kepatuhan dan bertugas untuk selalu memonitor kegiatan activities in compliance with existing rules. syariah sesuai dengan aturan yang ada.

Selain itu, Direktur UUS telah memberikan arahan mengenai In addition, Director of UUS has provided guidance regarding hal-hal berikut: these matters: 1. Menumbuhkan budaya kerja dan budaya perusahaan 1. To foster working culture and company culture that yang senantiasa mematuhi setiap peraturan yang complies with all applicable regulations with regard to the berlaku dengan selalui memperhatikan prinsip kehati- precautionary principle and sharia principles in managing hatian dan prinsip syariah dalam mengelola usaha agar business in order to achieve the vision and mission of UUS. visi dan misi UUS dapat tercapai. 2. Meningkatkan SDM/I melalui pendidikan dan pelatihan, 2. To improve the quality of human capital through education serta sosialisasi penerapan Know Your Customers (KYC), and training, and through socialization on the application Anti Pencucian Uang (APU) dan Pencegahan Pendanaan of Know Your Customers (KYC), Anti-Money Laundering Terorisme (PPT) secara berkesinambungan, pada seluruh (APU) and Anti-Terrorist Financing (PPT) on an ongoing jajaran operasional UUS. basis in the whole operational range of UUS. 3. Meningkatkan kegiatan pengecekan dan pemantauan 3. To improve the quality of measurement and monitoring terhadap pelaksanaan ketentuan APU dan PPT activities on the implementation of APU and PPT regulations pada operasional dan standar pelayanan yang telah on the determined operational and service standards. ditetapkan.

184 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

4. Memastikan bahwa semua peraturan-peraturan 4. To ensure that all internal regulations such as Policies, intern seperti Kebijakan, Ketentuan dan SOP serta Terms and SOP and other regulations are up to date with lainnya selalu up to date (dilakukan pengkinian) sesuai the development of the applicable external regulations dengan perkembangan peraturan ekstenal yang given the continuous development of business activities of berlaku mengingat kegiatan usaha UUS yang selalu UUS. berkembang.

• Manajemen Risiko • Risk Management Komite Manajemen Risiko untuk UUS digabung dengan Risk Management Committee for UUS merged with Risk Komite Manajemen Risiko BUK Induknya dan Direktur UUS Management Committee of BUK or of its Main Bank and telah diikutsertakan sebagai salah satu anggota Komite Director of UUS has been included as a member of Risk Manajemen Risiko BUK Induknya. Management Committee of BUK or of its Main Bank.

Sesuai dengan PBI No.13/23/PBI/2011 Tentang Penerapan According to Bank Indonesia Regulation No. 13/23/PBI/2011 Manajemen Risiko bagi Bank Umum Syariah dan Unit Usaha on the Implementation of Risk Management for Sharia Syariah, maka Wewenang dan Tanggung Jawab Direktur Commercial Banks and Sharia Business Unit, the authority UUS adalah sebagai berikut: and responsibility of Director of UUS are as follows: 1. Telah menyusun kebijakan dan strategi Manajemen 1. Formulate written and comprehensive Risk Management Risixo secara tertulis dan komprehensif policies and strategies 2. Telah bertanggung jawab atas pelaksanaan kebijakan 2. Responsible for the implementation of Risk Management Manajemen Risiko dan eksposur Risiko yang diambil policies and Risk exposures as a whole secara keseluruhan 3. Telah mengevaluasi dan memutuskan transaksi yang 3. Evaluate and Decide transactions that requires his memerlukan persetujuannya approval 4. Telah mengembangkan budaya Manajemen Risiko pada 4. Develop Risk Management culture at all levels of the seluruh jenjang organisasi organization 5. Telah memastikan kompetensi SDM/I yang terkait 5. Ensure the competency of Human Capital in relation to dengan Manajemen Risiko Risk Management 6. Telah melaksanakan kaji ulang secara berkala untuk 6. Carry out regular reviews to ensure: memastikan: a. Keakuratan metodologi penilaian Risiko a. The accuracy of Risk assessment methodologies b. Kecukupan implementasi sistem informasi b. The adequacy of the implementation of Risk Manajemen Risiko, dan Management information system, and c. Ketepatan kebijakan, prosedur dan penetapan limit c. The accuracy of policies, procedures and Risiko establishment of Risk limits

Dalam rangka melaksanakan wewenang dan tanggung In order to carry out its authorities and responsibilities, the jawabnya, Direktur UUS telah memiliki pemahaman yang Director of UUS has had an adequate understanding of Risks memadai mengenai Risiko yang melekat pada seluruh inherent in all functional and operational activities of UUS aktivitas fungsional dan operasional UUS dan telah mampu and has been able to take necessary actions in accordance mengambil tindakan yang diperlukan sesuai dengan profil with the Risk profile of UUS. Risiko UUS.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 185 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Di samping itu, Direktur UUS secara terus menerus dan In addition, Director of UUS constantly and consistently konsisten memberikan arahan untuk meninjau kembali provides guidance to review the possibilities or potential kemungkinan-kemungkinan atau potensi risiko-risiko yang risks that can occur in the management and operation of dapat terjadi dalam pengelolaan dan pengoperasian UUS. UUS.

Apabila terjadi penyaluran dana dalam bentuk pembiayaan In case of a troubled distribution of funds in the form of yang bermasalah, maka sesuai dengan PBI No. 13/9/2011, financing, in accordance with Bank Indonesia Regulation SEBI 10/9/PBI/DPbS dan 13/34/PBI/DPbS tentang No. 13/9/2011, SEBI 10/9/PBI/DPbS and 13/34/PBI/DPbS Restrukturisasi Pembiayaan Bagi BUS dan UUS, Direktur UUS on Financing Restructuring for BUS and UUS, Director of telah memberikan arahan mengenai penyusunan Kebijakan UUS has provided guidance on the formulation of Policies dan Standard Operating Procedure (SOP) yang merupakan and Standard Operating Procedure (SOP) which is a part bagian dari Kebijakan Manajemen Risiko UUS. Penyusunan of the Risk Management Policy of UUS. The formulation SOP Restrukturisasi Pembiayaan yang terkait dengan aspek of SOP Financing Restructuring related to aspect of Sharia Prinsip Syariah, telah dilakukan secara koordinatif dengan principles, has been carried out in coordination with DPS. DPS.

• Teknologi Informasi • Information Technology Saat ini, UUS telah mempunyai sistem S1 CS syariah yang Currently, UUS already has S1 CS Sharia system (previously sebelumnya menggunakan Sistem T24 syariah untuk using T24 Sharia System) to check on customers’ pengecekan informasi nasabah demi terciptanya proses information in order to realize the KYC process in UUS. For KYC dalam UUS. Untuk kedepannya, Direktur UUS akan the future, Director of UUS will continue to develop facilities terus mengembangkan sarana dan prasarana dalam hal and infrastructure in terms of sustainable development in pengembangan yang berkelanjutan pada sistem Islamic Islamic Core Banking system which aparts from the Core Core Banking yang telah terpisah dari Core Banking BUK Banking of BUK or of its Main Bank. Induknya.

• Pengembangan Jaringan dan Infrastruktur Kantor • Office Network and Infrastructure Development Direktur UUS secara terus menerus dan konsisten Director of UUS has constantly and consistently provide memberikan arahan mengenai pengembangan jaringan guidance on office network and infrastructure development dan infrastruktur kantor sesuai dengan Revisi RBB Tahun in accordance with the Revised RBB Year 2014-2016 which 2014-2016 yang telah disetujui oleh Bank Indonesia (BI). has been approved by Bank Indonesia (BI).

Terhitung sejak didirikan dan disetujui, baik secara prinsip Starting from its establishment and its approval, both in maupun usaha, hingga akhir 2014 sudah terdapat 27 (dua terms of principle and effort, until the end of year 2014 puluh tujuh) Kantor Cabang Syariah (KCS) dan 11 (sebelas) there were already 27 (twenty seven) Sharia Branch Offices Kantor Kas Syariah (KKS). Hal ini menunjukkan bahwa (KCS) and 11 (eleven) Sharia Cash Office (KKS) exists. This Direktur UUS berkompetensi untuk terus berkomitmen indicates that Director of UUS is competent to continue to mengembangkan UUS, baik dari sisi kelembagaan maupun be committed to the development of UUS, both in terms SDM/I (Segi Kuantitas dan Kualitas). of institutional and human capital (Quantitatively and Qualitatively).

Pada 2014, UUS telah diberikan izin untuk pembukaan In 2014, UUS has been granted license to open 1 (one) kantor cabang sebanyak 1 (satu) kantor cabang yang resmi branch office that was officially opened since OJK issued beroperasi sejak OJK mengeluarkan izin tersebut. Kantor the license. The branch office was opened in Pekalongan. cabang tersebut telah beoperasi di wilayah Pekalongan.

186 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

• Pengembangan Produk dan Jasa Layanan Perbankan • Products Development and Sharia Banking Services Syariah Direktur UUS secara terus menerus dan konsisten Director of UUS continiuously and consistently provides memberikan arahan mengenai pengembangan produk dan guidance on the development of products and sharia jasa layanan perbankan syariah dengan mengacu pada PBI banking services by referring to PBI and National Sharia dan Fatwa Dewan Syariah Nasional Majelis Ulama Indonesia Board Fatwa Indonesian Ulema Council (DSN-MUI) and in (DSN - MUI) serta sesuai dengan prinsip kehati-hatian dan accordance with the prudential and sharia principles. prinsip syariah.

Arahan dari Direktur UUS mengenai pengembangan produk Directive from Director of UUS regarding the development dan jasa layanan perbankan syariah telah tertuang dalam of products and sharia banking services has been set out RBB 2014-2016 khususnya produk baru, baik itu produk in the Bank Business Plan of 2014-2016 particularly in new Bank maupun produk Non Bank (Bancassurance dan products, both of the Bank product or Non Bank product SIMPOL (simas power link syariah)). Namun, dalam rangka (Bancassurance and SIMPOL (simas power link syariah)). mengembangkan serta mengakselerasi produk yang telah However, in order to develop and accelerate products eksis, Direktur UUS juga telah memberikan arahan untuk which have already existed, Director of UUS also directs selalu dilakukan kajian, benchmarking dengan Industri to do researches, benchmarking with Islamci Banking and Perbankan Syariah dan Industri Perbankan Konvensional Conventional Banking Industry, especially in the aspect of terutama pada aspek keunggulan, fitur dan manfaat advantages, features and benefits of products and services. produk dan jasa layanan.

Selain itu, Direktur UUS juga telah memberikan arahan In addition, the Director of UUS also provides guidance terkait dengan pembenahan Kebijakan, Ketentuan dan SOP related to the improvement of policies, terms and SOP of Produk dan Layanan Jasa Syariah UUS. Sharia UUS Products and Services.

• Treasury • Treasury Direktur UUS secara terus menerus dan konsisten Director of UUS continuously and consistently directs on memberikan arahan mengenai fungsi Treasury UUS dengan UUS Treasury function with the following directives: arahan sebagai berikut: 1. Telah mengoptimalkan fungsi Treasury dalam 1. Optimizes Treasury function in the management of pengelolaan likuiditas Bank, dengan tetap memenuhi Bank’s liquidity according to existing requirements, such ketentuan yang berlaku, seperti GWM (rupiah dan as GWM (rupiah and foreign exchange) and others. valas) dan lain-lain. 2. Telah meningkatkan dan mengakselerasi fungsi 2. Improves and accelerates Treasury function as a Treasury sebagai profit center dengan memfokuskan profit center with focus on existing products, such as pada produk-produk yang sudah ada, seperti transaksi Mudharabah antarbank (SIMA) and other securities Sertifikat Investasi Mudharabah Antarbank (SIMA) dan transactions. surat berharga lainnya. 3. Berkesinambungan meningkatkan kualitas SDM/I 3. Continously improves the quality of human resources melalui pendidikan dan pelatihan untuk mengurangi through education and training to reduce human error human error dengan target: Zero Defect. with the target: Zero Defect.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 187 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

• Operasional • Operational Direktur UUS secara terus menerus dan konsisten Director of UUS continuously and consistently directs on memberikan arahan mengenai fungsi Operasional UUS UUS Operational function with the following directives: dengan arahan sebagai berikut: 1. Telah menyempurnakan pedoman-pedoman tertulis 1. Enchances written guidelines regarding systems and mengenai sistem dan prosedur operasional serta operational procedures and financing administration administrasi pembiayaan agar dalam pelaksanaan to run the implementation of financing administration sehari-hari dapat berjalan lancar dan benar. smoothly and correctly. 2. Meningkatkan fungsi kontrol pada seluruh aspek 2. Improves the control function in all UUS operational kegiatan operasional UUS dan KCS setiap harinya. aspects and KCS everyday. 3. Meningkatkan fungsi pengendalian dan pengawasan 3. Improves the function of internal audit work unit (SKAI internal (SKAI Syariah) pada seluruh aspek kegiatan sharia) in all aspects of operations periodically. operasional secara periodik. 4. Meningkatkan keakuratan penyediaan data dan 4. Improves the accuracy of the data and information informasi untuk laporan regulator (LHBUS, LBUS, SID, provisions for regulatory reports (LBHUS, LBUS, SID, LBBUS, dan lain - lain) yang dibuat dan laporkan secara LBBUS and other) which are made and reported in a tepat waktu. timely manner. 5. Meningkatkan kualitas SDM/I di kegiatan operasional 5. Improves the operational qualities of human resources melalui pendidikan dan pelatihan bersertifikat. through education and training certified.

KOMITE DI BAWAH DIREKSI UUS COMMITTEES UNDER THE BOARD OF DIRECTOR Kelengkapan dan pelaksanaan tugas dan tanggung jawab The completion and implementation of tasks and responsibilities Direktur UUS dibantu dengan dibentuknya beberapa Komite, of the Director of UUS assisted with the establishment of several yaitu: Committees, namely:

Komite Penyaluran Dana Syariah (KPDS) Sharia Fund Distribution Committee (KPDS) Komite Penyaluran Dana Syariah dibentuk berdasarkan No. SK. Sharia Fund Distribution Committee established through No. 001/2014/DIR3 - Syariah tertanggal 13 Januari 2014. Komite ini SK. 001/2014/DIR3 - Syariah dated January 13, 2104. The bertugas dan bertanggung jawab atas pemberian persetujuan committee in charge and responsible for granting approvals of atau keputusan pembiayaan, di mana masing-masing anggota financing decisions, whom each member is given a certain limit, diberi limit tertentu, namun tetap menjamin keputusan but still ensure that financing objective decisions with a good pembiayaan yang objektif dengan kualitas pembiayaan yang quality financing, then every financing decision in principle can baik, maka setiap keputusan pembiayaan pada prinsipnya not be decided by one person only, but rather decided by a tidak dapat diputuskan oleh satu orang saja, melainkan hasil joint decision called quorum KPDS. keputusan bersama yaitu hasil keputusan quorum KPDS.

Komite Investasi Syariah (KIS) Sharia Investment Committee (KIS) Komite Investasi Syariah dibentuk berdasarkan No. SK. Sharia Investment Committee established through SK. 005/2009/DIR3-UUS tertanggal 17 November 2009. Tugas, 005/2009/DIR3-UUS dated November 17, 2009. Tasks, tanggung jawab dan wewenang KIS adalah sebagai berikut: responsibilities and authorities of KIS are as follows: 1. Setiap Keputusan Investasi pada prinsipnya tidak dapat 1. Each investment Decision in principle can not be decided by diputuskan oleh satu orang saja, melainkan hasil keputusan one person only, but rather based on the result of a joint bersama yaitu hasil keputusan quorum Komite Investasi decision called Sharia Investment Committee (KIS) quorum

188 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Syariah (KIS), agar menjamin keputusan Investasi yang in order to ensure investment decisions with a good quality objektif dengan kualitas Surat Berharga yang baik of Securities. 2. Keputusan quorum berdasarkan Ketentuan Batas 2. The quorum decision is based on the Authority Boundary Wewenang Pemutus Investasi. Quorum dianggap sah Condition of Investment Termination which is considered apabila dihadiri oleh minimal 2/3 (duapertiga) anggota valid if it is attended by at least 2/3 (two-thirds) of the Sharia Komite Investasi Syariah (KIS) dan disetujui oleh minimal Investment Committee (KIS) and approved by at least 50% 50% dari yang hadir. of the present. 3. Investasi hanya dapat dilakukan untuk Surat Berharga 3. Investments could only be made for the Sharia Securities, Syariah, antara lain Obligasi Syariah (Ijarah), Obligasi among other sharia Bonds (Ijarah), Sharia Bonds Syariah (Mudharabah), Reksadana Syariah dan Surat (Mudharabah), Sharia Mutual Funds and other Sharia Berharga Syariah lainnya yang telah sesuai dengan fatwa Securities in accordance with fatwa issued by National yang telah dikeluarkan oleh Dewan Syariah Nasional Majelis Sharia Board Fatwa Indonesian Ulema Council (DSN-MUI). Ulama Indonesia (DSN- MUI). 4. Investasi hanya dapat dilakukan untuk kualitas Surat 4. Investments could only be made for the quality of Sharia Berharga Syariah, yang mana diakui berdasarkan nilai Securities which are recognized based on the market pasar ditetapkan memiliki kualitas Lancar sepanjang values determined by fulfilling the requirements of Current memenuhi persyaratan: qualities as follows: a. Aktif diperdagangkan di bursa efek di Indonesia; a. Actively trades on stock exchanges in Indonesia; b. Terdapat informasi nilai pasar secara transparan; b. Have a transparent information of market value; c. Telah diterima imbalan dalam jumlah dan waktu c. Have received compensation in the right amount and yang tepat, sesuai perjanjian; time, which meet the requirements; d. Belum jatuh tempo. d. Not yet mature. 5. Kualitas Surat Berharga Syariah yang diakui berdasarkan 5. Quality of Sharia Securities which are recognized at cost harga perolehan atau yang diakui berdasarkan nilai or recognized by market value, but are not actively traded pasar, namun tidak aktif diperdagangkan di bursa efek on stock exchange in Indonesia and/or does not contain di Indonesia dan/atau tidak terdapat informasi yang transparent information, has a Current quality, if: transparan, ditetapkan memiliki kualitas Lancar, apabila: a. Memiliki peringkat investasi (investment grade) atau a. Have investment grade or higher issued by rating agency lebih tinggi yang diterbitkan oleh lembaga pemeringkat which is recognized by Bank Indonesia and issued within (rating agency) yang diakui oleh Bank Indonesia dan the past year; diterbitkan dalam waktu satu tahun terakhir; b. Telah diterima imbalan dalam jumlah dan waktu b. Have received compensation in the right amount and yang tepat, sesuai perjanjian; dan time according to the agreementl and c. Belum jatuh tempo. c. Not yet mature.

Asset & Liability Management Committee (ALCO) Syariah Sharia Asset & Liability Management Committee (ALCO) Asset & Liability Management Committee (ALCO) Syariah Sharia Asset & Liability Management Committee (ALCO) dibentuk berdasarkan No. SK. 003/2013/DIR3-UUS tertanggal established through No. SK. 003/2013/DIR3-UUS dated July 19, 19 Juli 2013. Pembentukan ALCO Syariah bertujuan untuk 2013. The establishment of Sharia ALCO aims to evaluate and mengevaluasi dan memutuskan pengendalian risiko decide control of asset and liability risks management to gain pengelolaan asset dan liability untuk meraih pangsa pasar dan market share and gain Net Income Margin (NIM) in accordance memperoleh Net Income Margin (NIM) sesuai dengan target with specified targets while still applying the prudential yang ditentukan dengan tetap menerapkan prinsip kehati- principle. hatian.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 189 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Komite Bagi Hasil Keuntungan (KBHK) Sharing Profit Committee (KBHK) Komite Bagi Hasil Keuntungan (KBHK) dibentuk berdasarkan Sharing Profit Committee (KBHK) established through No. No. SK. 008/DIR3-UUS tertanggal 17 November 2009. Komite SK. 008/DIR3-UUS dated November 17, 2009. Sharing Profit Bagi Hasil Keuntungan (KBHK) berkewajiban dan berwenang Committee (KBHK) has responsibilites and authorities to untuk menentukan dan menetapkan bagi hasil keuntungan, determine and set a sharing profit with the following functions: dengan fungsi sebagai berikut: a. Memberi masukan kepada Direksi dan Dewan Pengawas a. Provides inputs to Sharia Board of Commisioners and Syariah (DPS) dalam rangka menetapkan Nisbah untuk Directors (DPS) in order to set ratio for Third Party Funds. Dana Pihak Ketiga. b. Menentukan dan menetapkan pemberian besarnya b. Determines and specifies the provision amount of margin, margin, nilai sewa dan bagi hasil untuk Aset produktif. the value of the lease and for sharing profit for productive assets. c. Menentukan dan menetapkan prioritas pendapatan yang c. Determines and specifies prioritize revenue which will be akan dibagi hasilkan ke Nasabah Dana Pihak Ketiga. shared to Third Party Funds Customers. d. Menentukan dan menetapkan Bonus untuk Dana Pihak d. Determines and specifies Bonus for Third Party Funds with Ketiga dengan skema Wadiah. Wadiah schema. e. Menentukan dan menetapkan Sistem Perhitungan Bagi e. Determines and specifies Calculation of Profit Sharing Hasil. System.

TINJAUAN OPERASI PER SEGMEN USAHA OPERATIONAL REVIEW PER BUSINESS SEGMENT Pelaksanaan Prinsip Syariah Dalam Kegiatan Implementation of Sharia Principles in Fundraising Penghimpunan Dana Activities Pelaksanaan prinsip syariah dalam penghimpunan dana melalui Implementation of sharia principles in fundraising through penerapan akad-akad Syariah yang berlaku diantaranya produk sharia applied contract agreement products of PT. Bank yang diterbitkan PT. Bank Sinarmas Tbk. - UUS adalah sebagai Sinarmas Tbk. - UUS are as follows: berikut: 1. Rekening Giro Simas iB menggunakan akad Mudharabah 1. Simas iB Accounts regarding on Mudharabah Muthlaqah Muthlaqah; contract agreement; 2. Rekening Tabungan Simas iB menggunakan akad 2. Siman iB Savings regarding on Mudharabah Muthlaqah and Mudharabah Muthlaqah dan Wadi’ah; Wadi’ah contract agreement; 3. Rekening Tabungan Simas Gold iB menggunakan akad 3. Simas Gold iB Savings regarding on Mudharabah Muthlaqah Mudharabah Muthlaqah; contract agreement; 4. Rekening Tabunganku iB menggunakan akad Wadi’ah; 4. Tabunganku iB regarding on Wadi’ah contract agreement; 5. Deposito Berjangka iB menggunakan akad Mudharabah 5. Time Deposit iB regarding on Mudharabah Muthlaqah Muthlaqah; contract agreement; 6. Deposito Spesial iB menggunakan akad Mudharabah 6. Special Time Deposit iB regarding on Mudharabah Muthlaqah; Muthlaqah contract agreement; 7. Sertifikat Investasi Mudharabah Antar Bank (SIMA). 7. Interbank Mudharabah Investment Sertificates (SIMA).

Guna menghindari dari kemungkinan risiko yang akan terjadi, All fundraising are guaranteed by Deposit Insurance Agency to maka semua penghimpunan dana dijamin oleh Lembaga avoid the possibility of risks that will happen. Penjamin Simpanan.

190 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Pelaksanaan Prinsip Syariah Dalam Kegiatan Penyaluran Implementation of Sharia Principles in Activity Funds Dana Distribution Pelaksanaan prinsip syariah dalam penyaluran dana melalui The implementation of sharia principles in funds distribution of penerapan akad-akad pembiayaan Syariah yang berlaku, funds through sharia applied contract agreement products of diantaranya produk yang diterbitkan PT. Bank Sinarmas Tbk. PT. Bank Sinarmas Tbk. - UUS are as follows: - UUS sebagai berikut : 1. Pembiayaan Murabahah; 1. Murabahah Financing; 2. Pembiayaan Sale and Lease Back; 2. Sale and Lease Back Financing; 3. Pembiayaan Musyarakah; 3. Musyarakah Financing; 4. Pembiayaan Multijasa; 4. Multiservices Financing; 5. Pembiayaan Mudharabah; 5. Mudharabah Financing; 6. Pembiayaan Qard Sosial. 6. Qard Sosial Financing.

Selain itu, Perseroan memperhatikan pula risiko pembiayaan In addition, The Company takes into account of financial risks yang melekat pada masing-masing akad yang digunakan, which adhere in each of used contract. The risk management di mana penerapan manajemen risiko bagi semua produk implementation for all financial products adhere directly to pembiayaan melekat langsung pada masing-masing produk, each product with the following possibilities which may occur berikut kemungkinan risiko yang akan terjadi beserta along the risk mitigation in each KDPK: mitigasinya dalam masing-masing KDPK:

• Pembiayaan Murabahah • Murabahah Financing Risiko yang Dapat Terjadi Dalam Transaksi Murabahah Strategi Mengelola Risiko Risks that May Happen in Murabahah Transaction Strategy to Manage Risk (Bank Sebagai Penjual / Bank as Seller)

Murabahah berdasarkan pesanan dapat bersifat mengikat 1. Sebelum transaksi murabahah dijalankan terlebih dahulu atau tidak mengikat nasabah untuk membeli barang yang dianalisis apakah nasabah benar-benar memerlukan telah dipesannya (counterparty risk). barang yang akan dipesannya dan analisis kemampuan nasabah untuk membeli barang tersebut. / Before Mudharabah based on orders can be binding or non-bining murabahah transaction is executed, the customer will be customers to buy goods that have been ordered (counterparty analyzed first to see whether the customer really need the risk). goods that will be purchased and analyzed the customer capability to purchase the product.

2. Nasabah dapat dimintakan uang muka (urbun) dan dapat disetorkan ke bank terlebih dahulu. / The customer may requested advance payment (urbun) and deposit it in the Bank in advance.

Apabila Aset murabahah yang telah dibeli bank (sebagai Dalam pembelian Aset murabahah, bank dapat penjual) dalam murabahah pesanan mengikat mengalami mewakilkannya kepada nasabah dengan memberikan akad penurunan nilai karena kerusakan sebelum diserahkan kepada wakalah, sehingga segala tanggung jawab atas kondisi pembeli maka penurunan nilai tersebut menjadi beban barang merupakan kewajiban nasabah. penjual (bank) dan penjual (bank) akan mengurangi nilai akad. In murabahah assets purchase, the Bank may represent the If the murabahah assets which have been purchased by Bank constumers by providing wakalah contract. Any liability for (as a seller) in binding murabahah order are impaired before the condition of goods become the customer obligation. being handed over to the buyer, then the impairment will be on the seller charges (bank) and the seller (bank) will reduce the value of contract.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 191 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Risiko yang Dapat Terjadi Dalam Transaksi Murabahah Strategi Mengelola Risiko Risks that May Happen in Murabahah Transaction Strategy to Manage Risk (Bank Sebagai Penjual / Bank as Seller)

Nasabah tidak dapat memenuhi kewajibannya atas 1. Nasabah diwajibkan untuk memberikan laporan keuangan pembayaran angsuran yang telah ditetapkan (default risk). setiap bulan. / The customer is required to provide financial statement every month. Customers cannot fulfil his/her obligation for payment of installment that have been set (default risk). 2. Bank setiap waktu berhak atau dapat melakukan pemeriksaan terhadap usaha nasabah. / The Bank has the rights or may conduct an examination of the customer’s business at any time. 3. Apabila nasabah mempunyai karakter yang baik, namun dalam kondisi tidak dapat membayar kewajiban kepada bank, maka bank melakukan penyesuaian terhadap waktu pembayaran kewajiban nasabah dengan usaha nasabah, apabila sudah benar-benar tidak memiliki kemampuan membayar maka jaminan dapat dijual. / If the customer is categorized as a good customer, but cannot pay liabilities to the Bank, then the Bank will adjust the payment obligation with the customer’s business. When it really does not have the ability to pay, the collateral can be sold. 4. Apabila nasabah mempunyai karakter kurang baik dan suka menunda-nunda pembayaran, maka dapat dikenakan denda atas keterlambatan pembayaran dan dana atas denda tersebut akan digunakan untuk aktifitas sosial/kebajikan. / If the customer is categorized as less good and he/she procrastinates payment, the penalties can be granted for the late payment. The fine will be used for social activities.

• Pembiayaan Sale and Lease Back • Sale and Lease Back Financing Risiko Yang Dapat Terjadi Dalam Transaksi Sale and Strategi Mengelola Risiko Lease Back iB Strategy to Manage Risk

Risiko pembiayaan (financing risk) yang disebabkan oleh 1. Nasabah diwajibkan untuk memberikan laporan keuangan nasabah wanprestasi atau tidak dapat memenuhi kewajibannya setiap bulan. / The customer are require to provide financial atas pembayaran sewa yang telah ditetapkan (default risk). statement every month.

Financing risks which are caused by a customer’s case of default or cannot meet his/her obligation for the payment of default risk rent. 2. Bank setiap waktu berhak atau dapat melakukan pemeriksaan terhadap usaha nasabah. / The bank has the rights or may conduct an examination on customer’s business at any time.

192 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Risiko Yang Dapat Terjadi Dalam Transaksi Sale and Strategi Mengelola Risiko Lease Back iB Strategy to Manage Risk

3. Apabila nasabah mempunyai karakter yang baik, namun dalam kondisi tidak dapat membayar kewajiban kepada bank, maka bank melakukan penyesuaian terhadap waktu pembayaran kewajiban nasabah dengan usaha nasabah, apabila sudah benar-benar tidak memiliki kemampuan membayar maka jaminan dapat dijual.v Apabila nasabah mempunyai karakter kurang baik dan suka menunda- nunda pembayaran, maka dapat dikenakan denda atas keterlambatan pembayaran dan dana atas denda tersebut akan digunakan untuk aktifitas sosial/kebajikan. / If the customer is categorized as a good character, but cannot pay liabilities to the Bank, then the Bank may adjust the payment obligation with customer’s business. When it really does not have the ability to pay, the collateral can be sold.

Risiko pasar yang disebabkan oleh pergerakan nilai tukar mata Dikarenakan pembiayaan Sale and Lease Back iB ini terbatas uang baik pembiayaan atas dasar akad murabahah maupun dalam mata uang Rupiah maka bank tidak memiliki risiko pasar ijarah diberikan dalam valuta asing. yang disebabkan oleh pergerakan nilai tukar mata uang.

Market risk due to currency exchange rate movement on Sale and lease back iB financing due to currency exchange rate the basis of both financing murabahah and ijarah contracts movement. awarded in foreign currencies. Dengan berjalannya waktu sewa dan adanya pemakaian oleh Untuk meng-cover penurunan nilai objek sewa dilakukan penyewa, maka mengakibatkan nilai objek sewa semakin dengan menambah biaya sewa. Apabila nilai objek sewa menurun. menjadi nihil, maka pihak bank dapat menghibahkan objek sewa tersebut kepada penyewa. As time goes on rent and being used by the lessee can cause Impairment lease object is covered by adding the cost of rental. the object value impaired. If the value of lease object zero, then the Bank may grant the lease object to the lessee.

• Pembiayaan Musyarakah • Musyarakah Financing Risiko Yang Dapat Terjadi dalam Strategi Mengelola Risiko Transaksi Musyarakah Strategy to Manage Risk

Financing Risk: 1. Kemungkinan tidak dibayarnya keuntungan/bagi hasil 1. Nasabah diwajibkan untuk memberikan laporan keuangan porsi dari hak bank sesuai akad yang telah dibuat akibat setiap bulan / Customers are required to provide financial kurangnya informasi yang didapat bank atas usaha statment every month. bersamanya dengan nasabah / The possibility of unpaid 2. Bank setiap waktu berhak atau dapat melakukan profit/profit sharing from Bank’s rights according to pemeriksaan terhadap usaha nasabah / The bank has contract made is due to the lack of information obtained the rights or may conduct an examination on customer’s between the Bank and customers. business at any time. 2. Pada musyarakah, jika usaha yang dikelola nasabah rugi 3. Dalam pemberian fasilitas harus dilakukan analisis dengan bukan disebabkan oleh kelalaian atau kesalahan yang baik mengenai usaha yang akan dijalankan nasabah disengaja nasabah, misalnya karena factor kondisi ekonomi serta kondisi ekonomi baik secara makro maupun mikro maka bank yang menanggung kerugian / In Musyarakah, / The facilities given for the customer business should be if the business is managed by customer loss which is not well analyzed in both of the micro and macro economic caused by negligence or willful misconduct of the customer, conditions. such as factors of economic conditions, the Bank bear the loss.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 193 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Risiko Yang Dapat Terjadi dalam Strategi Mengelola Risiko Transaksi Musyarakah Strategy to Manage Risk

Market Risk: Risiko yang disebabkan oleh pergerakan nilai tukar mata Idealnya, jika pergerakan mata uang asing cenderung naik uang jika pembiayaan diberikan dalam bentuk valuta asing. dibandingkan dengan Rupiah maka pembiayaan dalam mata Hal ini dapat terjadi apabila pembiayaan dalam mata uang uang asing diberikan apabila pendapatan yang dihasilkan asing sementara pendapatan tidak seluruhnya dalam mata juga dalam mata uang asing sementara pengeluaran biaya uang asing tetapi mayoritas dalam mata uang Rupiah maka dalam mata uang Rupiah / Ideally, if the movement of foreign jika mata uang asing bergerak naik akan mengakibatkan nilai currency tend to rise compared with Rupiah, then the financing pendapatan turun / Risk caused by the movement of exchange in foreign currency is given if the revenues is in foreign currency rate happens if financing given in a form of foreign exchange. while the expenses is in Rupiah. This can happen if the financing is in foreign currency, while the revenues not are not entirely in foreign currency but in the majority of Rupiah. If the foreign currency value is moving up, it will result a depreciation of revenues.

• Pembiayaan Multijasa • Multiservices Financing Risiko Yang Dapat Terjadi dalam Strategi Mengelola Risiko Transaksi Multijasa iB Strategy to Manage Risk

Financing Risk yang disebabkan oleh nasabah wanprestasi atau 1. Nasabah diwajibkan untuk memberikan laporan keuangan dengan kata lain nasabah tidak dapat memenuhi kewajibannya setiap bulan / The customer is required to provide financial atas pembayaran sewa yang telah ditetapkan atau default risk. statement every month. 2. Bank setiap waktu berhak atau dapat melakukan Financing risks which are caused by a customer’s case of default pemeriksaan terhadap usaha nasabah / The Bank has the or cannot meet his/her obligation for the payment of default rights or may conduct an examination of the customer’s risk rent. business at any time. 3. Apabila nasabah mempunyai karakter yang baik namun dalam kondisi tidak dapat membayar kewajiban kepada bank, maka bank melakukan penyesuaian terhadap waktu pembayaran kewajiban nasabah dengan usaha nasabah, apabila sudah benar-benar tidak memiliki kemampuan membayar maka jaminan dapat dijual / If the customer is categorized as a good customer, but cannot pay liabilities to the Bank, then the Bank will adjust the payment obligation with the customer’s business. When it really does not have the ability to pay, the collateral can be sold. 4. Apabila nasabah mempunyai karakter kurang baik dan suka menunda-nunda pembayaran, maka dapat dikenakan denda atas keterlambatan pembayaran / If the customer is categorized as less good and he/she procrastinates payment, the penalties can be granted for the late payment. The fine will be used for social activities. Market risk yang disebabkan oleh pergerakan nilai tukar jika Dikarenakan pembiayaan multijasa Simas - iB ini terbatas pembiayaan atas dasar akad ijarah diberikan dalam valuta dalam mata uang Rupiah maka bank tidak memiliki risiko asing / Market risk due to currency exchange rate movement pasar yang disebabkan oleh pergerakan nilai tukar /Due to the on the basis of both financing murabahah and ijarah contracts multiservices Simas-iB is limited only for rupiah, then Bank has awarded in foreign currencies. no market risk caused by exchange rate movement.

194 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Risiko Yang Dapat Terjadi dalam Strategi Mengelola Risiko Transaksi Multijasa iB Strategy to Manage Risk

Dengan berjalannya waktu sewa dan adanya pemakaian oleh Untuk meng-cover penurunan nilai objek sewa dilakukan penyewa mengakibatkan nilai objek semakin menurun / As time dengan menambah biaya sewa. Apabila nilai objek sewa goes on lease and their use by lessee caused an impairment of menjadi nihil, maka pihak bank dapat menghibahkan objek object value sewa tersebut kepada penyewa / Impairment lease object is covered by adding the cost of rental. If the value of lease object zero, then the Bank may grant the lease object to the lessee

• Pembiayaan Mudharabah • Mudharabah Financing Risiko Yang Dapat Terjadi dalam Strategi Mengelola Risiko Transaksi Musyarakah Strategy to Manage Risk

Financing Risk: 1. Kemungkinan tidak dibayarnya keuntungan/bagi hasil 1. Nasabah diwajibkan untuk memberikan laporan keuangan porsi dari hak bank sesuai akad yang telah dibuat akibat setiap bulan / The customer is required to provide financial kurangnya informasi yang didapat bank atas usaha statement every month. bersamanya dengan nasabah / The possibility of unpaid 2. Bank setiap waktu berhak atau dapat melakukan profit/profit sharing from Bank’s rights according to pemeriksaan terhadap usaha nasabah / The Bank has the contract made is due to the lack of information obtained rights or may conduct an examination of the customer’s between the Bank and customers. business at any time. 2. Pada musyarakah, jika usaha yang dikelola nasabah rugi 3. Dalam pemberian fasilitas harus dilakukan analisis dengan bukan disebabkan oleh kelalaian atau kesalahan yang baik mengenai usaha yang akan dijalankan nasabah disengaja nasabah, misalnya karena faktor kondisi ekonomi serta kondisi ekonomi baik secara makro maupun mikro maka bank yang menanggung kerugian / In Musyarakah, / The facilities given for the customer business should be if the business is managed by customer loss which is not well analyzed in both of the micro and macro economic caused by negligence or willful misconduct of the customer, conditions. such as factors of economic conditions, the Bank bear the loss.

Market Risk: Risiko yang disebabkan oleh pergerakan nilai tukar mata Idealnya, jika pergerakan mata uang asing cenderung naik uang jika pembiayaan diberikan dalam bentuk valuta asing. dibandingkan dengan Rupiah maka pembiayaan dalam mata Hal ini dapat terjadi apabila pembiayaan dalam mata uang uang asing diberikan apabila pendapatan yang dihasilkan asing sementara pendapatan tidak seluruhnya dalam mata juga dalam mata uang asing sementara pengeluaran biaya uang asing tetapi mayoritas dalam mata uang Rupiah maka dalam mata uang Rupiah / Ideally, if the movement of foreign jika mata uang asing bergerak naik akan mengakibatkan nilai currency tend to rise compared with Rupiah, then the financing pendapatan turun / Risk caused by the movement of exchange in foreign currency is given if the revenues is in foreign currency rate happens if financing given in a form of foreign exchange. while the expenses is in Rupiah. This can happen if the financing is in foreign currency, while the revenues not are not entirely in foreign currency but in the majority of Rupiah. If the foreign currency value is moving up, it will result a depreciation of revenues.

Operational Risk : Risiko operasional yang disebabkan oleh internal fraud antara Setiap hari sebelum end of day, laporan transaksi hari yang lain pencatatan yang tidak benar atas nilai posisi, penyogokan, bersangkutan harus selalu di cek kembali oleh supervisor dan ketidaksesuaian pencatatan pajak (secara sengaja), kesalahan, di ketahui oleh kepala operasional / Everyday before the end of manipulasi dan mark up dalam akuntansi/pencatatan maupun day, transaction reports should be rechecked by the supervisor pelaporan / Operational risks caused by internal fraud including and known by the operational head. improper recording of the position value, bribery, tax record mismatches (intentionally), errors, manipulations and mark ups in the accounting/recording or reporting.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 195 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

• Pembiayaan Qardh Sosial • Qardh Sosial Financing Risiko Yang Dapat Terjadi dalam Strategi Mengelola Risiko Transaksi Pembiayaan Qardh

Financing Risk yang disebabkan oleh nasabah wanprestasi atau 1. Nasabah diwajibkan untuk memberikan laporan keuangan dengan kata lain nasabah tidak dapat memenuhi kewajibannya setiap bulan / The customer is required to provide financial atas pembayaran sewa yang telah ditetapkan atau default risk statement every month. / Financing risks which are caused by a customer’s case of 2. Bank setiap waktu berhak atau dapat melakukan default or cannot meet his/her obligation for the payment of pemeriksaan terhadap usaha nasabah / The Bank has the default risk rent. rights or may conduct an examination of the customer’s business at any time. 3. Apabila nasabah mempunyai karakter yang baik namun dalam kondisi tidak dapat membayar kewajiban kepada bank, maka bank melakukan penyesuaian terhadap waktu pembayaran kewajiban nasabah dengan usaha nasabah, apabila sudah benar-benar tidak memiliki kemampuan membayar maka jaminan dapat dijual / If the customer is categorized as a good customer, but cannot pay liabilities to the Bank, then the Bank will adjust the payment obligation with the customer’s business. When it really does not have the ability to pay, the collateral can be sold. 4. Apabila nasabah mempunyai karakter kurang baik dan suka menunda-nunda pembayaran, maka dapat dikenakan denda atas keterlambatan pembayaran / If the customer is categorized as less good and he/she procrastinates payment, the penalties can be granted for the late payment. The fine will be used for social activities.

Sedangkan yang berhubungan dengan besarnya nilai plafond, While related to the value of plafond, UUS involves the UUS melibatkan Satuan Kerja Kepatuhan (SKK) dan Satuan Compliance Work Unit (SKK) and Risk Management Unit Kerja Manajemen Risiko (SKMR) untuk memberikan opininya (SKMR) to give opinions on financing which will be given to terhadap pembiayaan yang akan kami berikan kepada nasabah the financing customers for a particular exposure in certain pembiayaan untuk eksposure tertentu ataupun untuk bidang business lines. usaha tertentu.

Pelaksanaan Prinsip Syariah Dalam Kegiatan Pelayanan Implementation of Sharia Principles in Service Activities Jasa Pelaksanaan prinsip syariah dalam kegiatan pelayanan jasa Implementation of sharia principles in service activities through melalui penerapan akad-akad Syariah yang berlaku diantaranya sharia applied contract agreement products of PT. Bank produk yang diterbitkan PT. Bank Sinarmas Tbk. - UUS antara Sinarmas Tbk. - UUS are as follows: lain: • Treasury (jual beli valuta asing, surat berharga dan SIMA) • Treasury (foreign exchange trading, securities and SIMA) • Mudharabah Muqqayadah Chanelling. • Mudharabah Muqqayadah Chanelling.

Setiap produk harus memenuhi prinsip syariah dan memenuhi Each product must fulfill and comply to sharia principles and ketentuan PBI yang berlaku, maka setiap produk memiliki applied PBI regulations. Therefore each product has the Terms Ketentuan dan Prosedur Kerjanya (KDPK). Selain itu, guna and Procedures Work (KDPK). Moreover, in order to avoid menghindari kemungkinan risiko yang akan terjadi, maka the potential risks occur, then all KDPK services and products semua KDPK produk jasa membahas risiko yang akan terjadi discussed risks that will be happened and described the

196 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

dan menjabarkan mitigasinya. Sedangkan pelayanan jasa mitigations. Meanwhile other services such as RTGS and others lainnya seperti RTGS dan lain-lain, disesuaikan dengan yang are adapted to the relevant regulated PBI. telah diatur dalam PBI terkait.

• Produk Jasa Mudharabah Muqayyadah Channeling • Mudharabah Muqayyabah Channeling (MMC) Products (MMC) and Services 1. Fungsi Bank dalam kemitraan dengan nasabah dalam 1. Bank Function in partnership with client in Mudaraba Mudharabah Muqayyadah dapat berfungsi sebagai agen muqayyadah may function as investation agent or manager investasi atau manajer investasi sesuai kesepakatan dengan according to funds owner. pemilik dana.

2. Analisis dan Identifikasi Risiko 2. Analysis and Risks Identification Risiko yang dihadapi Bank tergantung pada fungsi Bank Risks depend on the function of the Bank as manager Bank sebagai pengelola dana, apakah sebagai Agen of the funds, whether as an Investment Agent or the Investasi atau Manajer Investasi. Jika Bank sebagai Agen Investment Manager. If the Bank acts as an Investment Investasi, maka Bank tidak menanggung risiko apapun Agent, then Bank does not bear any risk on funds atas penyaluran dana kecuali risiko reputasi bilamana distribution except reputational risk when the beneficiary nasabah penerima dana tidak dapat mengembalikan cutomers can not return the funds partially or fully including sebagian atau seluruhnya dana pembiayaan berikut biaya the other administration costs. administrasi lainnya.

Jika Bank sebagai Manajer Investasi, maka Bank If Bank acts as an Investment Manager, then Bank’s menanggung risiko apabila nasabah penerima dana tidak customers bears the risk if the benficiary customer can dapat mengembalikan sebagian atau seluruhnya dana not store the funds partially or fully including the other pembiayaan berikut biaya administrasi lainnya, adapun administration costs, while the risks are covered only if risiko yang ditanggung sebatas tidak mendapatkan the ratio is not given from the profit sharing of funding nisbah dari bagi hasil atas penyaluran pembiayaan. distribution.

3. Pengelolaan Risiko dari Tuntutan dari Pemilik Dana 3. Risk Management from the Demands of Owner Funds a. Pemilik dana harus diinformasikan atas seluruh risiko a. Owner of the funds must be informed all of the risks on atas produk MMC. MMC products. b. Mencantumkan klausula pembebasan Bank atas b. List of the Bank exemption for all risks arise from the seluruh risiko yang akan timbul dari penyaluran dana distribution of funds from th MMC products, ranging dari produk MMC mulai dari BMM, APPDT-MMC, SPPD- from BMM, APPDT-MMC, SPPD-MMC up to SPDT- MMC sampai dengan SPDT-MMC. MMC. c. Bank tidak mengeluarkan rekomendasi pemberian c. The Bank does not issue a recommendation for pembiayaan kepada penerima dana, tetapi Bank provision of financing to the beneficiary, but the Bank hanya menyajikan informasi kinerja keuangan, bidang only presents financial performance information, usaha, risiko usaha, prospek usaha dari calon business lines, business risks, business prospects from penerima dana. the potential beneficiary.

4. Pengelolaan Risiko Penyaluran Dana Mudharabah 4. Credit Risk Management of Mudharabah Muqayyadah Muqayyadah Channeling (MMC) Funds Distribution Pada penempatan dana Mudharabah Muqayyadah dimana The placement of Mudharabah Muqayyadah funds can be penyaluran dana dapat dilakukan dengan menggunakan done regarding on the existing funds distribution principles

Annual Report 2014 | PT. BANK SINARMAS Tbk. 197 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

prinsip-prinsip penyaluran dana yang ada dan mengikuti and followed by the respective distribution of each funds. ketentuan pada masing-masing penyaluran dana tersebut, The Financial Risk management refers to the principles of maka pengelolaan Risiko Pembiayaan mengacu pada funds distribution used. prinsip-prinsip penyaluran dana yang digunakan.

Pelaksanaan Prinsip Syariah dalam Pemberian Bagi Hasil Implementation of Sharia Principles in Providing Sharing Kepada Nasabah Penyimpan Dana Profit to the Depositors. Pelaksanaan prinsip syariah dalam pemberian bagi hasil kepada The implementation of Sharia principles in the provision of nasabah Dana Pihak Ketiga (DPK) berdasarkan akad-akad sharing profits to Third Party Fund (DPK) customers based on saat penempatan dananya, atas dasar itu maka dalam placement funds contract. Thus, the provision of sharing profits pemberian bagi hasil yang kami berikan sesuai nisbah yang is given according to the determined ratio in the placement telah ditentukan pada akad penempatan. Agar pemberian contract. In order to make the sharing profit transparent and bagi hasil transparan dan terukur maka dibuatkan suatu measureable, a formula is made and managed by calculation formula yang mana cara menghitung dan kebijakan- steps and regulations based on Working Conditions and kebijakan yang mengaturnya diterbitkan dalam Ketentuan Procedures (KDPK) of Sharing Profit. In the end of month, Bank dan Prosedur Kerja (KDPK) Bagi Hasil dan setiap akhir bulan writes a circular letter concerning about Ratio Level (sharing kami buatkan Surat Edaran tentang Tingkat Nisbah (Bagi Hasil) profit) for the next month which also includes the results of untuk bulan berikut yang juga memuat hasil pendapat Bank Bank’s Opinions in percentage form as the basis for the sharing dalam persentasenya yang menjadi dasar bagi hasil bulan profit of the month. bersangkutan.

Penyaluran Dana Kepada Nasabah Pembiayaan Inti Dan Distribution of Funds To the Largest Financing Customers Penyimpanan Dana Oleh Deposan Inti and Largest Deposit Funds Customers

• Penyaluran Dana kepada Nasabah Pembiayaan • Funds Distribution to Largest Financing Customers (Debitur) Inti Debitur Inti / Largest Customers Kualitas Murabahah Margin Mudharabah No Nama Pembiayaan Name Financing Rupiah Valas Rupiah Valas Rupiah Valas Quality

1 PT. Alif Finance 1 0 0 0 0 264.766.966.667,17 0 PT. Mitra Karsa Cipta 2 1 0 0 0 0 0 260.085.000.000 Solusi 3 PT. MNC Finance 1 0 0 0 0 184.303.143.838,50 0 4 PT. Layan Mitra 1 0 0 0 0 99.179.420.484,00 0 5 PT. Titipan Mas 1 0 0 0 0 82.000.000.000,00 0 6 PT. SMART Finance 1 0 0 0 0 44.986.111.111,11 0 PT. Sumber Gunung 7 1 0 0 0 0 20.000.000.000,00 0 Maju 8 Hendrik Gary Lyanto 1 0 0 0 0 17.000.000.000,00 0 PT. Vasham Kosa 9 1 0 0 0 0 16.319.669.732,56 0 Sejahtera Trias Mitra Jaya 10 1 10.786.436.614,95 0 1.759.944.232,54 0 0 0 Manunggal PT. Batu Gunung 11 1 0 0 0 0 10.000.000.000,00 0 Makmur

198 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Debitur Inti / Largest Customers Kualitas Murabahah Margin Mudharabah No Nama Pembiayaan Name Financing Rupiah Valas Rupiah Valas Rupiah Valas Quality

PT. Batu Sampurna 12 1 0 0 0 0 10.000.000.000,00 0 Makmur Dian Anugrah 13 1 0 0 0 0 8.314.369.043,00 0 Pratama PT. Indo Crane 14 1 9.082.317.855,00 0 1.043.055.057,00 0 83.333.333,66 0 Pratama 15 Koperasi Bayik 1 314.516.818,00 0 49.142.077.00 0 7.766.666.666,74 0

Total 20.183.271.287.95 0 2.852.141.366.54 0 764.539.680876.74 260.085.000.000

• Penyimpanan Dana oleh Deposan Inti • Largest Funds Deposit Customers Murabahah Margin Mudharabah Nama No NPWP Cabang No. CIF Total Name Rupiah Valas Rupiah Valas Rupiah Valas

VISI MEDIA ASIA 1 024336885054000 ID0020002 9.900.052.344 0 0 0 0 0 260.085.000.000 260.085.000.000 TBK ASURANSI JIWA 2 SINARMAS 013911508026000 ID0020002 9.900.004.629 21.546.599.753,46 0 0.00 0 50.000.000.000 0 71.546.599.753,46 MSIG 3 SIMAS SATU 019809177021000 ID0020002 9.900.006.660 0 0 0 0 60.000.000.000 0 60.000.000.000 DANAMAS 4 023411473054000 ID0020002 9.900.006.891 0 0 0 0 55.000.000.000 0 55.000.000.000 STABIL REKSA DANA 5 SERUNI PASA 0 ID0020002 9.900.060.598 0 0 0 0 52.100.000.000 0 52.100.000.000 UANG V DANA PENSIUN 6 BANK CENTRAL 017107905062000 ID0020002 9.900.009.057 0 0 0 0 33.000.000.000 0 33.000.000.000 ASIA REKSADANA 7 DANAMAS 0 ID0020002 9.900.001.885 0 0 0 0 30.000.000.000 0 30.000.000.000 FLEKSI AJB 8 BUMIPUTERA 013085378062000 ID0020002 9.900.000.840 0 0 0 0 28.500.000.000 0 28.500.000.000 1912 PRASETIYA 9 010317406100011461 ID0020002 9.900.007.054 1.768.774.747,42 0 0 0 23.200.000.000 0 24.968.774.747,42 MULYA TJAN WIWING 10 0 ID0020027 9.900.052.694 0 0 7.943.346,72 0 23.000.000.000 0 23.007.943.346,72 TJANDRAWATI REKSADANA 11 SIMAS SYARIAH 0 ID0020002 9.900.057.357 0 0 0 0 23.000.000.000 0 23.000.000.000 UNGGULAN REKSADANA 12 BNI AM DANA 03306341014000 ID0020002 9.900.059.269 0 0 0 0 21.300.000.000 0 21.300.000.000 LANCAR SYAR DANA PENSIUN 13 014765036441000 ID0020009 9.900.059.021 0 0 0 0 20.750.000.000 0 20.750.000.000 POS INDONESIA DPLK 14 018240457022000 ID0020002 9.900.007.157 0 0 0 0 19.000.000.000 0 19.000.000.000 MUAMALAT WIN WIN 15 019793231631000 ID0020007 9.900.046.026 0 0 0 0 18.000.000.000 0 18.000.000.000 REALTY CENTRE ASURANSI SINAR 16 013911490073000 ID0020002 9.900.001.881 1.038.589.364,96 0 0 0 13.250.000.000 0 14.288.589.364,96 MAS 17 MIHARTI 0 ID0020024 9.900.039.453 0 0 451.722.505,18 0 12.500.000.000 0 12.951.722.505,18 PINDO DELI PULP 18 0 ID0020002 9.900.006.994 7.526.796,45 1.120.241.579,80 0 0 10.000.000.000 0 11.127.768.376,25 PAPER MILLS REKSA DANA 19 SIMAS SAHAM 0 ID0020002 9.900.004.591 0 0 0 0 11.000.000.000 0 11.000.000.000 UNGGULAN RD DANAREKSA 20 GEBYAR DANA 0 ID0020002 9.900.060.476 0 0 0 0 10.500.000.000 0 10.500.000.000 LIKUID RD DANAREKSA 21 SERUNI PASAR 0 ID0020002 9.900.060.475 0 0 0 0 10.200.000.000 0 10.200.000.000 UANG III AL IJARAH 22 INDONESIA 025051426022000 ID0020002 9.900.000.222 3.191.743.675.51 0 0 0 7.000.000.000 0 10.191.743.675,51 FINANCE

Annual Report 2014 | PT. BANK SINARMAS Tbk. 199 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Murabahah Margin Mudharabah Nama No NPWP Cabang No. CIF Total Name Rupiah Valas Rupiah Valas Rupiah Valas

DANA PENSIUN 23 016445058044000 ID0020002 9.900.049.105 0 0 0 0 10.000.000.000 0 10.000.000.000 SMART 24 JELY SUNJOTO 0 ID0020007 9.900.046.671 0 0 0 0 10.000.000.000 0 10.000.000.000 REKSA DANA MANDIRI 25 0 ID0020002 9.900.060.365 0 0 0 0 10.000.000.000 0 10.000.000.000 KAPTAL SYARIAH I

KINERJA KEUANGAN FINANCIAL PERFORMANCE Pada 2014, Unit Usaha Syariah (UUS) kembali mencatatkan During 2014, Sharia Business Unit (UUS) recorded another pertumbuhan signifikan. Pendapatan operasional Bank tumbuh significant growth. Bank operating revenue grew by 132.87% 132, 87% menjadi Rp293 miliar pada 2014, dibanding tahun to Rp293 billion in 2014, compared to the previous year sebelumnya sebesar Rp126 miliar. Dana pihak ketiga tumbuh amounted to Rp126 billion. Third party fund grew by 128.16% 128,16% menjadi Rp1.431 miliar pada 2014, dibanding tahun to Rp1,431 billion in 2014, compared to the previous year sebelumnya sebesar Rp627 miliar. amounted to Rp627 billion.

Neraca Balance Sheet (Dalam juta Rupiah) (In million Rupiah)

Keterangan 2013 2014

Jumlah Aktiva / Total Assets 1.271.209 1.973.094 Aktiva Produktif / Earning Assets 1.229.095 1.891.031 Dana Pihak Ketiga / Third Party Fund 627.590 1.431.837

Aset Produktif Earning Assets (Dalam juta Rupiah) (In million Rupiah)

Keterangan 2013 2014

Giro Wadiah / Current Accounts - Wadiah 19.800 7.745 FASBIS 1.500 2.000 Penempatan pada Bank Lain / Placements with Other Banks 2.733 2.425 Surat Berharga / Securities 105.552 56.572 Pembiayaan yang Diberikan / Granted Financing 1.099.510 1.820.274 Jumlah / Total 1.229.095 1.930.720 Cadangan PPAP / Allowance for Impairment Losses 12.286 34.578

Pembiayaan yang Diberikan Berdasarkan Sektor Ekonomi Granted Financing Based on Economic Sectors (Dalam juta Rupiah) (In million Rupiah)

Keterangan 2013 2014

Pertambangan / Mining 7.422 0 Konstruksi / Construction 11.410 683.154 Jasa dunia usaha / Business Services 2.379 605.965

200 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Keterangan 2013 2014

Jasa sosial masyarakat / Social Services 2.138 6.230 Lain - lain / Others 1.076.161 527.350 Jumlah / Total 1.099.510 1.822.699

Rasio Keuangan Penting Substantial Financial Ratio (Dalam juta Rupiah) (In million Rupiah)

Rasio / Ratio 2013 2014

Permodalan / Equity 1. Pemenuhan Modal Minimum / Capital Adeque Ratio (CAR) 28,76% 19,42% 2. Aset Tetap Terhadap Modal / Fixed to Total Equity 10,96% 1,06%

Aset Produktif / Earnings Assets 1. Kredit Bermasalah (NPL) - Bruto / Non-Performing Loans (NPL) - Gross 1,18% 2,45% 2. Kredit Bermasalah (NPL) - Netto / Non-Performing Loans - Net 0,04% 2,01%

Rentabilitas / Profitability 1. Laba terhadap Total Aset / Return On Assets (ROA) 5,54% 2,26% 2. Laba terhadap Ekuitas / Return on Equity (ROE) 19,07 10,64 3. Marjin Operasional Bersih / Net Core Operation Margin NCOM) 10,72% 9,66% 4. Biaya Operasional / Pendapatan Operasional (BOPO) / Operational Expenses / 51,68% 78,61% Operational Income

Likuiditas / Liquidity Pembiayaan terhadap Dana yang Dihimpun / Financing to Deposit Ratio (LDR) 175,20% 127,30$

Kepatuhan / Compliance 1. Persentase Pelanggaran BMPK / Percentage of Legal Lending Limit Violation a. Pihak Terkait / Related Parties Nil Nil b. Pihak Tidak Terkait / Non Related Parties Nil Nil 2. Persentase Pelampauan BMPK / Percentage of Legal Lending Limit Excesses a. Pihak Terkait / Related Parties Nil Nil b. Pihak Tidak Terkait / Non Related Parties Nil Nil 3. Giro Wajib Minimum (Rupiah) / Minimum Balance with Bank Indonesia (Rupiah) 0,36% 5,43% 4. Posisi Devisa Netto / Net Open Position Nil Nil

Annual Report 2014 | PT. BANK SINARMAS Tbk. 201 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Perhitungan Rugi Laba Income Statement (Dalam juta Rupiah) (In million Rupiah)

Keterangan / Description 2013 2014

Pendapatan Bunga Bersih / Net Interest Revenues 99.308 256.502 Pendapatan di Luar Bunga / Non Interest Revenues 26.803 36.038 Pendapatan Operasional / Operating Revenues 126.111 292.540 Beban Operasional / Operating Expenses 76.`727 237.943 Laba Sebelum Pajak / Income Before Tax 53.022 31.477 Laba Bersih / Net Income 53.022 31.477

Kompisisi Piutang dan Pembiayaan Berdasarkan Composition of Receivables and Financing Based on Kolektibilitas Collectability (Dalam juta Rupiah) (In million Rupiah)

Keterangan / Description 2013 2014

Lancar / Current 1.065.373 1.417.349 Perhatian Khusus / Special Mention 21.210 360.631 Kurang Lancar / Sub Standard 8.543 9.781 Diragukan / Doubtful 1.210 11.352 Macet / Loss 3.173 23.587 Jumlah / Total 1.099.510 1.822.700 Cadangan PPAP / Allowance for Impairment Losses 11.902 34.578 Jumlah Piutang dan Pembiayaan Bersih / Total Receivables and Net Financing 1.087.608 1.788.022

Aset Assets (Dalam juta Rupiah) (In million Rupiah) 2013 2014

Persentasi Persentasi Aset terhadap Aset terhadap Keterangan / Description Total Total Jumlah Jumlah Kewajiban Kewajiban Total Total Assets to Assets to Total Liabilities Total Liabilities Percentage Percentage

Penempatan pada Bank Lain 2.733 0,42% 2.425 0,15% Efek-efek 105.552 16,18% 56.572 3,52% Piutang & Pembiayaan 994.953 152,51% 1.725.306 107,24% Biaya dibayar dimuka 12.776 1,96% 25.398 1,58% Obyek Aset Ijarah 104.557 16,03% 94.968 5,90%

202 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Kewajiban Liabilities (Dalam juta Rupiah) (In million Rupiah)

Keterangan / Description 2013 2014

Giro / Demand Deposits 44.187 51.940 Kewajiban segera lainnya / Other Immediate Liabilities 1.331 4.302 Tabungan / Savings Deposits 49.451 136.915 Deposito Berjangka / Time Deposits 533.945 1.242.981 Simpanan dari Bank Lain / Deposits from Other Banks 7 156.910 Taksiran Pajak Penghasilan / Provision for Income Taxes 11.116 7.672 Kewajiban lain-lain / Other Liabilities 12.355 348.568 Jumlah / Total 652.392 1.941.166

Dana Pihak Ketiga Third Party Fund (Dalam juta Rupiah) (In million Rupiah) Keterangan / Description 2013 2014

Giro / Demand Deposits 44,187 51.940 Tabungan / Saving Deposits 49,451 136.915 Deposito Berjangka / Time Deposit 533.945 1.242.981 Jumlah / Total 627,583 1.431.836 Rata-rata Biaya Dana / Average Cost of Fund 6,69% 7,11%

TATA KELOLA PERUSAHAAN IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE Pelaksanaan Good Corporate Governance (GCG) dalam The implementation of Good Corporate Governance (GCG) in Industri Perbankan Syariah harus memenuhi prinsip syariah Islamic Banking Industry has to be in accordance with sharia (sharia compliance), karena merupakan salah satu upaya untuk compliance, as an effort to protect the interest of stakeholders melindungi kepentingan Stakeholders dan meningkatkan and to improve compliance with legislation and applicable kepatuhan terhadap peraturan perundang-undangan yang regulations as well as with general ethical values of Islamic berlaku serta nilai-nilai etika yang berlaku secara umum pada Banking Industry. Industri Perbankan Syariah.

PT. Bank Sinarmas Tbk. - Unit Usaha Syariah (UUS) telah PT. Bank Sinarmas Tbk. - Sharia Business Unit (UUS) has been beroperasi sejak 18 November 2009 hingga saat ini, terus in operation since November 18, 2009 until today, and always berupaya untuk selalu berkomitmen dan konsisten dalam strive to be committed and consistent in the implementation of pelaksanaan GCG dalam operasional sehari-harinya. GCG in daily operational activities.

Sesuai dengan Peraturan Bank Indonesia (PBI) No. 11/33/ In accordance with Bank Indonesia Regulation (PBI) No. 11/33/ PBI/2009 tertanggal 7 Desember 2009 tentang Pelaksanaan PBI/2009 dated December 7, 2009, on the implementation of Good Corporate Governance (GCG) bagi Bank Umum Syariah Good Corporate Governance (GCG) for Islamic Commercial dan Unit Usaha Syariah dan Surat Edaran (SE) No. 12/13/DPbS Banks and Sharia Business Unit and with Circular Letter tertanggal Jakarta, 30 April 2010 tentang Pelaksanaan Good (SE) No. 12/13/DPbS dated April 30, 2010 in Jakarta on the

Annual Report 2014 | PT. BANK SINARMAS Tbk. 203 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Corporate Governance (GCG) bagi Bank Umum Syariah dan implementation of Good Corporate Governance (GCG) for Unit Usaha Syariah beserta Lampirannya menjelaskan bahwa Islamic Commercial Banks and Sharia Business Unit along with pelaksanaan GCG pada Perbankan Syariah harus berlandaskan its attachments describes that the implementation of GCG for pada 5 (lima) prinsip-prinsip, yaitu: Islamic Banking Industry should be in accordance with the 5 (five) principles namely: 1. Transparansi (Transparency), yaitu keterbukaan dalam 1. Transparency, means the openness in providing material mengemukakan informasi yang material dan relevan dalam and relevant information in the decision-making process. proses pengambilan keputusan. 2. Akuntabilitas (Accountability), yaitu kejelasan fungsi dan 2. Accountability, means the clarity of function and pelaksanaan pertanggungjawaban organ bank sehingga responsibilities bank organs for an effective management. pengelolaan berjalan efektif. 3. Pertanggungjawaban (Responsibility), yaitu kesesuaian 3. Responsibility, means the conformity between Bank pengelolaan Bank dengan peraturan perundang-undangan management and applicable legislation and the principles yang berlaku dan prinsip-prinsip pengelolaan bank yang of healthy bank management. sehat. 4. Profesional (Professional), yaitu memilki kompetensi, 4. Professional, means having competence, able to act mampu bertindak objektif, dan bebas dari pengaruh atau objectively, and free from influence or pressure from any tekanan dari pihak manapun (independen) serta memiliki (independent) party as well as having strong commitment komitmen yang tinggi untuk mengembangkan Bank to develop an Islamic Bank. Syariah. 5. Kewajaran (Fairness), yaitu keadilan dan kesetaraan dalam 5. Fairness, means integrity and equality in fulfilling the rights memenuhi hak-hak Stakeholders berdasarkan perjanjian of stakeholders based on agreements and applicable dan peraturan perundang-undangan yang berlaku. legislation.

Sesuai PBI tersebut, pelaksanaan GCG bagi UUS paling kurang In accordance with the above regulation, the implementation harus diwujudkan dalam hal-hal berikut: of GCG for UUS should at least be realized in some aspects as stated below: 1. Pelaksanaan tugas dan tanggung jawab Direktur UUS 1. The execution of duties and responsibilities of Director of UUS 2. Pelaksanaan tugas dan tanggung jawab DPS 2. The execution of duties and responsibilities of DPS 3. Pelaksanaan prinsip syariah dalam kegiatan penghimpunan 3. The implementation of sharia principles in the activity of dana dan penyaluran dana serta pelayanan jasa fund raising, distribution of funds and services 4. Penyaluran dana kepada nasabah pembiayaan inti dan 4. The distribution of funds to the core financing customers penyimpanan dana oleh deposan inti and the deposit of funds by core depositors 5. Transparansi kondisi keuangan dan non keuangan UUS, 5. The transparency of financial and non-financial conditions laporan pelaksanaan GCG serta pelaporan internal. of UUS, GCG implementation report and internal reporting

Tata kelola perusahaan merupakan pondasi dari bisnis yang Good Corporate Governance is a foundation of a transparent, transparan, sehat dan beretika. PT. Bank Sinarmas Tbk. - UUS healthy, and ethical business. PT. Bank Sinarmas Tbk. - Sharia yakin dengan adanya penerapan GCG secara konsisten, akan Business Unit believes that a consistent implementation of GCG memperkuat daya saing perusahaan dan mengefektifkan will strengthen the competitiveness of the company and will pengelolaan sumber daya sehingga dalam jangka panjang make effective the management of resources so that UUS can UUS dapat terus beroperasi dan tumbuh secara berkelanjutan. to operate and grow in a sustainable manner. From that belief, Berangkat dari keyakinan tersebut, penerapan GCG merupakan the implementation of GCG becomes the commitment of UUS

204 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

komitmen UUS dalam mempertahankan kepercayaan nasabah, in maintaining the trust of customers, shareholders, business pemegang saham, mitra bisnis dan pemangku kepentingan partners and other stakeholders. lainnya.

Dengan menerapkan prinsip-prinsip GCG pada industri By implementing the principles of GCG to Islamic banking perbankan syariah, diharapkan pengelolaan bank dapat industry, it is expected that the management of bank can be dilakukan secara profesional, transparan dan efisien, serta conducted in a professional, transparent and efficient manner, seluruh keputusan yang diambil dilandasi oleh nilai moral yang and all of decisions taken to be based on a high moral value tinggi dan kepatuhan terhadap prinsip syariah dan peraturan and on the compliance to the sharia principles and to the perundang-undangan yang berlaku. Sejalan dengan terbitnya applicable legislation. Along with the issuance of regulations ketentuan tentang penerapan GCG pada industri keuangan on the implementation of GCG to Islamic banking industry, syariah, maka penerapan GCG pada UUS dilakukan antara lain therefore the implementation of GCG on Sharia Business Units sebagai berikut: are being carried out by: 1. Penetapan Visi, Misi dan Nilai Budaya PT. Bank SinarmasTbk. 1. Establishing Vision, Mission and Cultural Value of PT. Bank - UUS Sinarmas Tbk. - Sharia Business Unit 2. Penetapan tujuan strategis jangka panjang yang dituangkan 2. Establishing long-term strategic goals as outlined in the dalam Rencana Bisnis Bank Bank Business Plan 3. Pelaksanaan penilaian (self Assessment) pelaksanaan GCG 3. Conducting the practice of self assessment on the oleh PT. Bank SinarmasTbk. - UUS implementation of GCG by PT. Bank Sinarmas Tbk. - Sharia Business Unit 4. Pelaksanaan pelatihan internal dan eksternal kepada 4. Conducting internal and extrernal trainings for the karyawan PT. Bank SinarmasTbk. - UUS dengan melibatkan employees of PT. Bank Sinarmas Tbk. - Sharia Business berbagai instansi pendidikan dan pelatihan yang Unit involving various experienced education and training berpengalaman institutions

Dalam pelaksanaan GCG pada industri perbankan syariah In the implementation of GCG to Islamic banking industry, selain dari ke 5 (lima) dasar di atas juga harus memenuhi Prinsip other than the 5 (five) principles stated above, it is also Syariah (sharia principle) yang diatur dalam Ketentuan Fatwa necessary to comply with sharia principles regulated in the Law Majelis Ulama Indonesia (MUI). Apabila terjadi ketidaksesuaian of Indonesian Ulema Council (MUI). If there are any discrepancy tata kelola Bank dengan prinsip syariah, akan berpotensi between the bank management and the sharia principles, it menimbulkan berbagai risiko terutama risiko reputasi bagi will potentially raise various risks, especially reputational risk of industri perbankan syariah. Islamic banking industry.

Perbedaan yang mendasar pada pelaksanaan GCG pada Fundamental difference between the implementation of perbankan konvensional (Bank Umum) dengan perbankan GCG in conventional banking (Commercial Bank) and in syariah tidak hanya dimaksudkan untuk memperoleh Islamic banking does not only intended to find a type of bank pengelolaan bank yang sesuai dengan 5 (lima) prinsip dasar dan management in accordance with the 5 (five) basic principles and sesuai dengan prinsip syariah saja, akan tetapi juga pelaksanaan with the sharia principles, however the implementation of GCG GCG pada perbankan syariah ditujukan untuk kepentingan in Islamic banking is also intended for broader concerns. In this yang lebih luas. Kepentingan yang dimaksud antara lain untuk case, the concerns are to protect the interests of stakeholders melindungi kepentingan Stakeholders dan meningkatkan and to improve compliance with applicable legislation and with kepatuhan terhadap peraturan perundang-undangan yang general ethical values to the Islamic banking industry. berlaku serta nilai-nilai etika yang berlaku secara umum pada industri perbankan syariah.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 205 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Sebagai gambaran pada industri perbankan syariah, prinsip The economic principle adopted by Islamic bank industry is ekonomi yang dianut adalah Prinsip Ekonomi Syariah yang the Islamic Economics Principles that includes some of matters diantaranya mencakup seperti yang dijelaskan di bawah ini: listed below:

ADIL / FAIRNESS

• Transparan dan jujur / Transparent and honest • Transanksi yang fair (adil), tidak boleh ada pemerasan / Fair transactions, without extortion • Persaingan yang sehat / Healthy competition • Kontrak yang adil / Fair contracts

KEMASLAHATAN / WELFARE MENGHINDARI KEGIATAN YANG MERUSAK / AVOID • Produktif / Productive DAMAGING ACTIVITIES • Tidak spekulatif / Not speculative • Efektif, efisien, berkelanjutan dalam • Larangan produk dan jasa yang penggunaan sumber daya / Effective, merugikan dan berbahaya / Prohibition efficient, and sustainable use of of harmful and dangerous products and resources services • Akses yang sebesar-besarnya bagi • Larangan proses yang berbahaya / masyarakat untuk memperoleh Prohibition of dangerous process sumber daya / Maximum access for • Tidak menggunakan sumber daya illegal the public to obtain resources dan secara tidak adil / Not using illegal sources and not using sources unfairly

Prinsip Pokok Ekonomi Syariah Basic Principle of Islamic Economic System Sebagai wujud komitmen PT. Bank SinarmasTbk. - UUS dalam Regarding the commitment of PT. Bank Sinarmas Tbk. - melaksanakan GCG, maka kami penuhi kewajiban untuk Sharia Business Unit to implement GCG, we have fulfilled the menyampaikan laporan GCG kepada Bank Indonesia (BI), yang obligation of submitting our GCG report to Bank Indonesia (BI), sesuai dengan ketentuan yang berlaku. in accordance with the applicable regulations.

Kesimpulan Umum Hasil Self Assessment General Conclusion on Self-Assessment Results Kami telah melalukan penilaian self Assessment pelaksanaan We have conducted self assessment on the implementation of GCG tahun 2014, yang mencakup hal-hal sebagaimana diatur GCG in 2014, including matters regulated in Bank Indonesia dalam PBI tentang pelaksanaan GCG bagi BUS dan UUS. Regulations regarding the implementation of GCG for BUS Peringkat komposit hasil penilaian self Assessment pelaksanaan and UUS. The composite rating of self assessment results on GCG di Bank Sinarmas-Unit Usaha Syariah adalah 1.35 atau the implementation of GCG in Bank Sinarmas-Sharia Business menunjukkan bahwa pelaksanaan GCG memiliki predikat Unit is 1.35, indicating the predicate of “Very Good Corporate “Tata Kelola Sangat Baik”. Governance”.

206 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

• Penilaian Peringkat masing - masing Faktor serta Nilai • Rating Assessment on each Factors including its Komposit dan Predikatnya Composite Value and Predicate

Peringkat / Bobot / Nilai / Value No Faktor / Factor Catatan / Note Rating (a) Weight (b) (a)x(b)

Pelaksanaan tugas dan Direktur UUS telah lulus uji tanggung jawab Direktur kemampuan dan kepatutan Bank UUS / Implementation of 1 1 35% 0.35 Indonesia. / Director of Sharia Business duties and responsibilities Unit has passed the fit and proper test of Director of Sharia of Bank Indonesia Business Unit DPS telah melaksanakan tugas dan Pelaksanaan tugas dan tanggung jawab sesuai dengan tanggung jawab DPS / ketentuan yang berlaku. / The 2 Implementation of duties 1 20% 0.20 Sharia Supervisory Board has carried and responsibilities of out duties and responsibilities in Sharia Supervisory Board accordance with the applicable regulations Produk yang ditawarkan oleh UUS kepada Nasabahnya baik produk penghimpunan dan penyaluran dana Pelaksanaan prinsip serta pelayanan jasa selalu dilengkapi syariah dalam kegiatan dengan Opini Pandangan Syariah penghimpunan dana, DPS dan telah sesuai dengan Fatwa penyaluran dana, dari Dewan Syariah Nasional - Majelis 3 dan pelayanan jasa. / 1 10% 0.10 Ulama Indonesia. / Products offered by Implementation of sharia UUS to its Customers both products of principles in the activity of fund raising and distribution of funds fund raising, distribution and products of services are always of funds and services. comes with the DPS Opinion on Sharia and are in accordance with the Law of National Sharia Board - Indonesian Ulema Council. UUS telah memiliki pedoman Penyaluran dana kepada kebijakan dan prosedur tertulis nasabah pembiayaan tentang penyaluran dana kepada inti dan penyimpanan nasabah inti tetapi belum melakukan dana oleh deposan inti. kaji ulang secara periodik. / The UUS 4 / Distribution of funds 2 10% 0.20 has established written guidelines of to the core financing policies and procedures concerning customers and the the distribution of funds to the core deposit of funds by core customers but has not conducted a depositors. periodic review. Transparansi kondisi keuangan, laporan pelaksanaan GCG dan Penyaluran dana masih terdapat pelaporan internal. beberapa kesalahan minor / There 5 2 25% 0.50 / Transparency of are still some minor errors in the financial condition, GCG distribution of funds implementation report and internal reporting.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 207 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Peringkat / Bobot / Nilai / Value No Faktor / Factor Catatan / Note Rating (a) Weight (b) (a)x(b)

Sistem Informasi Manajemen dalam UUS kedepannya perlu dikembangkan lagi karena pada tahun 2014 ini hanya Nilai Komposit / mengalami sedikit peningkatan. / 100% 1.35 Composite Value Management Information System of UUS has to be further developed because it was only increased slightly in 2014. Predikat / Predicate: Baik / Good

Klasifikasi peringkat komposit sebagaimana tabel berikut: Classification of composite rating as described in the following table:

Nilai Komposit / Composite Value Predikat / Predicate

Nilai Komposit < 1.5 / Sangat Baik / Composite Value < 1.5 Very Good 1.5 ≤ Nilai Komposit < 2.5 / Baik / 1.5 ≤ Composite Value < 2.5 Good 2.5 ≤ Nilai Komposit < 3.5 / Cukup Baik / 2.5 ≤ Composite Value < 3.5 Quite Good 3.5 ≤ Nilai Komposit < 4.5 / Kurang Baik / 3.5 ≤ Composite Value < 4.5 Not Good 4.5 ≤ Nilai Komposit < 5 / Tidak Baik 4.5 ≤ Composite Value < 5 Poor

• Uraian Pelaksanaan GCG • Description of GCG Implementation Dari 5 (lima) faktor yang dinilai dapat kami uraikan kekuatan Of several factors assessed, we can describe the strengths dan kelemahan serta rencana tindak lanjut pelaksanaan and weaknesses and also the follow-up plan of GCG GCG, sebagai berikut : implementation, as follows: a. Kekuatan Pelaksanaan GCG a. Strengths of GCG Implementation Kekuatan pelaksanaan GCG di UUS terletak pada Strengths of GCG implementation in USS lies in the komitmen dari Direktur Unit Usaha Syariah yang commitment of Direcctor of Sharia Business Unit who menerapkan GCG pada setiap kegiatan usaha Bank. implements GCG in every business activity of the Bank. Adanya koordinasi yang baik dari setiap lini di Unit Good coordination from each line of Sharia Business Usaha Syariah. Pemahaman, kepedulian dan komitmen Unit. Understanding, awareness and commitment are yang dibangun dengan baik dari setiap tingkatan pada well constructed from all levels in all range of Sharia semua jajaran di Unit Usaha Syariah, untuk mendukung Business Unit. In order to do so, the Bank has: hal tersebut agar tetap berjalan dengan baik Bank telah memiliki: 1. Anggota Dewan Komisaris dan Direksi pada 1. Members of the Board of Commissioners and the pemenuhan kompleksitas usaha sudah sesuai dan Board of Directors to fulfill business complexity that telah memenuhi ketentuan yang berlaku. is appropriate and is in compliance with applicable regulations.

208 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

2. Rekomendasi Komite-Komite, sangat bermanfaat 2. Committee Recommendations that are highly useful dan dapat dipergunakan sebagai bahan acuan and can be used as reference for Director’s decision. keputusan Direktur. 3. Program-program training dan sosialisasi oleh Unit 3. Training programs and socialization by the Sharia Usaha Syariah bekerja sama dengan Satuan Kerja Business Unit in collaboration with related work terkait dan lembaga-lembaga pendidikan terkait units and related educational institutions in order to guna membangun bisnis-bisnis baru ke depannya. establish new businesses in the future. 4. Bertanggung jawab atas ketersediaan data dan 4. To be responsible for the availability of data and informasi terkait dengan pemenuhan Prinsip Syariah information related to the accurate, relevant and secara akurat, relevan dan tepat waktu kepada DPS. on-time fulfillment of Sharia Principles to the DPS. 5. Menerima dan menindaklanjuti Laporan Hasil 5. To receive and to follow up on DPS Supervision Pengawasan DPS setiap semesteran yang berisi Results Report on each semester containing reports laporan pelaksanaan atas kesesuaian produk dan on the implementation on appropriateness of jasa Bank dengan fatwa DSN dan opini Syariah atas products and services of the Bank with DSN Law pedoman operasional dan produk yang dikeluarkan and Sharia opinion on operational and products oleh UUS. guidelines issued by UUS.

b. Kelemahan Pelaksanaan GCG b. weaknesses of GCG Implementation Kelemahan yang besar belum terdapat pada UUS Great weaknesses that have not been found in UUS on GCG dalam pelaksanaan GCG. Namun diperlukan koordinasi implementation. However, it requires coordination between yang baik antara UUS dan BUK sebagai induknya agar UUS and BUK as its main Bank so that the implementation pelaksanaan GCG dapat berjalan dengan baik. Selain of GCG can be executed well. Apart from that, the limited dari pada itu terbatasnya sumber daya manusia pada human resources in Sharia Business Unit and Sharia Branch Unit Usaha Syariah dan Kantor Cabang Syariah menjadi Offices became one of the weaknesses that still can be salah satu kelemahan namun masih bisa diatasi dengan overcome with the following measures: upaya-upaya sebagai berikut: 1. Improving the skills of human capital to run new 1. Meningkatkan keterampilan sumber daya manusia businesses in the future terhadap bisnis-bisnis baru yang akan dijalankan kedepannya bagi para SDM nya. 2. Maintaining compliance with Bank Indonesia 2. Menjaga kepatuhan terhadap Peraturan Bank Regulation, Financial Services Authority Regulation and Indonesia, Peraturan Otoritas Jasa Keuangan dan with applicable legislation. peraturan perundang-undangan yang berlaku. 3. Peningkatan Sistem Informasi Manajemen yang 3. Improving Management Information System in need to masih perlu ditingkatkan lagi secara signifikan. be improved significantly. 4. Mengimplementasikan pengendalian internal yang 4. Implementing an effective internal control and efektif dan bisa bekerjasama dengan satuan kerja cooperating with relevant work units that provide terkait yang memberikan informasi yang rutin untuk regular information to the main office and to the branch dikantor pusat maupun di cabang. offices.

Adapun upaya-upaya tersebut diharapkan dapat Such efforts are expected to improve the quality of human meningkatkan kualitas sumber daya manusia dan capital and to create an effective compliance function as part menciptakan fungsi kepatuhan yang efektif sebagai of the overall policy of the Bank’s compliance and the accuracy bagian dari kebijakan kepatuhan Bank secara of financial and non-financial information that is presented. keseluruhan serta keakuratan informasi keuangan dan non keuangan yang disajikan.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 209 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

c. Langkah Perbaikan beserta Target Waktu c. Improvement Measures and Target Execution Time Pelaksanaannya Waktu Aspek Tindak Lanjut No Penyelesaian Aspects Follow-Up Completion Time

• Pengembangan organisasi yang efisien dan efektif. • Perencanaan penyediaan Sumber Daya Insani (SDI)/ (Manpower Planning - MPP) sesuai pengembangan Akan dilakukan Pengembangan Kualitas organisasi Bank. secara aktif 1 SDM baik di cabang maupun • Perencanaan dan pengembangan SDI melalui Sepanjang Tahun kantor pusat. pelatihan dan pendidikan berkesinambungan di 2015 seluruh lini organisasi. • Perencanaan Jenjang Karir (Career Path) yang berbasiskan pada Kompetensi dan Kinerja. • An efficient and effective development of the organization • Manpower planning that is in accordance to the Development of the Quality of development of Bank organization. Will be actively human capital both in branch • Manpower planning and development through implemented offices and in main office. sustainable training and education in all lines of throughout 2015 organization. • Career Path Planning based on Competency and Performance. Peningkatan Pelayanan Adanya penambahan kantor pada tahun 2014 ini terhadap Perbankan Syariah Sepanjang tahun 2 maka pelayanan akan terus ditingkatkan sebaik- untuk memberikan pelayanan 2015 baiknya. yang sebaik-baiknya. Improvement of Islamic Banking Services to provide The adding of offices in 2014 to improve service Throughout 2015 the best possible service Membuat rencana jangka pendek, dan jangka Sepanjang tahun 3 Rencana Strategis Bank menengah yang tercantum di dalam RBB 2015 UUS. 2015

To formulate short-term and medium-term plans Bank Strategic Plan Throughout 2015 listed in RBB 2015 UUS. DPS lebih meningkatkan pengawasan terhadap UUS sehingga dapat berjalan sesuai dengan prinsip syariah Sepanjang tahun 4 Fungsi pengawasan DPS dan tidak ada lagi pelanggaran yang bertentangan 2015 dengan prinsip syariah.

DPS to improve supervision on UUS to maintain DPS Supervision Function compliance with sharia principles and to ensure there Throughout 2015 are no violations on sharia principles. • Melakukan review secara berkala mengenai kebijakan, sistem, dan prosedur kerja yang pada tahun 2014 belum adanya progress terhadap kebijakan system dan prosedur yang ada pada Unit Kebijakan, sistem dan Usaha Syariah. Sepanjang tahun 5 prosedur kerja • Memastikan bahwa semua peraturan-peraturan 2015 intern seperti KDPK dan sebagainya selalu up to date sesuai dengan perkembangan peraturan ekstern yang berlaku dan kegiatan usaha yang selalu berkembang.

210 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Waktu Aspek Tindak Lanjut No Penyelesaian Aspects Follow-Up Completion Time

• To review policies, systems, and operational procedures in which there has been no progress in 2014. Policies, Systems and • To ensure all internal regulations such as KDPK are Throughout 2015 Operational Procedures up to date with the development of the applicable external regulations and with the developing business activity.

d. Realisasi Pelaksanaan Langkah Perbaikan dan d. Realization of Improvement Measures and Completion Kendala Penyelesaiannya Constraints Waktu Aspek Tindak Lanjut No Penyelesaian Aspects Follow-Up Completion Time

Membangun dan menginternalisasi budaya kehati- hatian (prudent) di setiap lini melalui penerapan Tahun 2015 Penerapan fungsi manajemen manajemen risiko, prinsip kepatuhan dan tata kelola pengembangan akan 1 risiko dan pengendalian perusahaan yang baik (GCG) secara konsekuen dan selalu dilakukan intern. konsisten dalam setiap proses bisnis dan pengambilan disetiap tahunnya. keputusan. To build and to internalize culture of prudence Starting 2015; Implementation of risk in every line through consequent and consistent development will management function and implementation of risk management, the principle of always be performed internal control compliance and good corporate governance (GCG) in in every year. every business process and decision-making. • Sistem IT telah membentuk aplikasi pelaporan tersendiri bagi UUS dan ke depannya akan terus mengembangkan sistem-sistem yang akan Transparansi kondisi diperlukan bagi UUS Kedepannya. Tahun 2015 keuangan dan non keuangan • Pengembangan Islamic Core Banking Sistem pengembangan akan 2 bank, laporan pelaksanaan yang didukung oleh infrastruktur yang handal selalu dilakukan GCG dan laporan internal. dan terkoneksi ke jaringan ATM di Indonesia disetiap tahunnya. dan Internasional serta sistem layanan E-Channel (Internet Banking, Phone Banking, Mobile Banking, Bill Payment, Virtual Account dan lain - lain). • IT Systems has established its own reporting application for UUS and will continue to develop systems needed by UUS in the future. Transparency of financial and Starting 2015; • Development of Islamic Core Banking System non-financial condition of the development will supported by a reliable infrastructure connected Bank, GCG implementation always be performed to the ATM network throughout Indonesia and report and internal reports. in every year. International as well as of the E-Channel service (Internet Banking, Phone Banking, Mobile Banking, Bill Payment, Virtual Account and others). Membuat rencana jangka pendek, dan jangka Sepanjang tahun 3 Rencana Strategis Bank menengah yang tercantum di dalam RBB 2015 UUS. 2015. To formulate short-term and medium-term plans Bank Strategic Plan Throughout 2015 listed in RBB 2015 UUS.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 211 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Waktu Aspek Tindak Lanjut No Penyelesaian Aspects Follow-Up Completion Time

DPS lebih meningkatkan pengawasan terhadap UUS sehingga dapat berjalan sesuai dengan prinsip syariah Sepanjang tahun 4 Fungsi pengawasan DPS dan tidak ada lagi pelanggaran yang bertentangan 2015. dengan prinsip syariah. DPS to improve supervision on UUS to maintain DPS Supervision Function compliance with sharia principles and to ensure there Throughout 2015 are no violations on sharia principles. • Melakukan review secara berkala mengenai kebijakan, sistem, dan prosedur kerja yang pada tahun 2014 belum adanya progress terhadap kebijakan system dan prosedur pada UUS. Kebijakan, sistem dan Sepanjang tahun 5 • Memastikan bahwa semua peraturan-peraturan prosedur kerja 2015. intern seperti KDPK dan sebagainya selalu, sesuai dengan perkembangan peraturan ekstern yang berlaku dan kegiatan usaha yang selalu berkembang. • To review policies, systems, and operational Policies, systems and procedures in which there has been no progress in Throughout 2015 operational procedures 2014. • v.

Rangkap Jabatan sebagai Anggota DPS pada Lembaga Concurrent Position as member of Sharia Supervisory Keuangan Syariah lainnya Board on other Sharia financing institution Anggota DPS tidak merangkap jabatan sebagai anggota DPS Member of DPS are not allowed to have concurrent position pada 4 (empat) lembaga keuangan syariah lain, rangkapan for the same position in 4 (four) other financial institutions; jabatan ada namun masih dalam batas yang diizinkan. concurrent position is allowed if it is within the allowed limits.

Daftar Konsultan, Penasihat, Lembaga Pelatihan List of Consultant, Advisor, Islamic Banking Training Perbankan Syariah atau lainnya Institute or others Saat ini, Bank Sinarmas Tbk - Unit Usaha Syariah untuk Currently, Bank Sinarmas Tbk - Sharia Business Unit does not menjalankan operasionalnya tidak menggunakan tenaga appoint special consultant to conduct its operations. However, konsultan khusus. Namun, Bank Sinarmas Tbk - Unit Usaha Bank Sinarmas Tbk - Sharia Business Unit has been working Syariah telah melakukan kerja sama dengan lembaga pelatihan with training institution named ICDIF LPPI to conduct several yaitu ICDIF LPPI dan Batalyon Komando 467 Paskhas untuk training for employees for Management Trainee. melakukan beberapa pelatihan karyawan diantaranya Pelatihan untuk Management Trainee.

Kebijakan Remunerasi dan Fasilitas Lainnya (Remunerasi Remuneration Policy and Other Facilities (Remuneration Package) Package) Pengungkapan mengenai kebijakan remunerasi dan fasiilitas Disclosure of remuneration policy and other facilities determined lainnya yang ditetapkan RUPS mencakup jumlah anggota DPS in the General Meeting of Shareholders contains the number dan jumlah keseluruhan remunerasi dan fasilitas lainnya yang of members of DPS and the overall amount of remuneration ditetapkan RUPS, sebagaimana tabel di bawah ini: and other facilities determined in the General Meeting of Shareholders, as described in the table below:

212 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

Jumlah Diterima dalam 1 Tahun Jenis Remunerasi dan Fasilitas Lainnya Amounts Received in 1 Year Remuneration and Other Facilities Jutaan Rupiah Orang Million People Rupiahbv

Remunerasi / Remuneration 2 338 Fasilitas lainnya / Other facilities *) • Yang dapat dimiliki / Can be possessed 2 • Yang tidak dapat dimiliki / Cannot be possessed Total 2 338 *) dinilai dalam ekuivalen Rupiah / assessed in Rupiah equivalent

Jumlah anggota DPS yang dalam satu tahun dikelompokkan The number of member of DPS in a year are grouped in range dalam kisaran tingkat penghasilan, sebagaimana tabel di of income levels, as described in the table below: bawah ini:

Jumlah Remunerasi*) per orang dalam 1 tahun Jumlah Dewan Pengawas Syariah

Di atas Rp 2 M / Nihil Above Rp2 Billion Di atas Rp 1 M s.d. Rp 2 M / Nihil Above Rp1 Billion to Rp2 Billion Di atas Rp. 500 juta s.d. Rp. 1 M / Nihil Above Rp500 million to Rp1 Billion Rp. 500 juta ke bawah / 2 Below Rp500 million *) yang diterima dalam bentuk keuangan (non natura) / received in the form of finance (non natura)

Fraud Fraud Jumlah Penyimpangan (Internal Fraud) yang terjadi sepanjang Total internal fraud occured in 2014 and resolution effort 2014 dan upaya penyelesaian yang dilakukan oleh UUS adalah conducted by UUS are as follows: sebagai berikut: Jumlah Kasus yang Dilakukan Oleh Number of Cases Committed by Dewan Komisaris/Direksi Pegawai Tetap Pegawai Tidak Tetap Board of Commissioner/ Internal Fraud dalam 1 tahun Permanent Employee Non-Permanent Employee Director Internal Fraud within 1 year Tahun Tahun Tahun Tahun Tahun Tahun Berjalan Berjalan Berjalan Sebelumnya Sebelumnya Sebelumnya Current Current Current Previous Year Previous Year Previous Year Year Year Year

Total Fraud Nihil Nihil Nihil Nihil Nihil Nihil Telah diselesaikan Nihil Nihil Nihil Nihil Nihil Nihil Dalam proses penyelesaian di Nihil Nihil Nihil Nihil Nihil Nihil internal UUS

Annual Report 2014 | PT. BANK SINARMAS Tbk. 213 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

UNIT USAHA SYARIAH Sharia Business Units

Jumlah Kasus yang Dilakukan Oleh Number of Cases Committed by Dewan Komisaris/Direksi Pegawai Tetap Pegawai Tidak Tetap Board of Commissioner/ Internal Fraud dalam 1 tahun Permanent Employee Non-Permanent Employee Director Internal Fraud within 1 year Tahun Tahun Tahun Tahun Tahun Tahun Berjalan Berjalan Berjalan Sebelumnya Sebelumnya Sebelumnya Current Current Current Previous Year Previous Year Previous Year Year Year Year

Belum diupayakan Nihil Nihil Nihil Nihil Nihil Nihil penyelesaiannya Telah ditindaklanjuti melalui Nihil Nihil Nihil Nihil Nihil Nihil proses hukum

Kasus Perkara Penting Important Cases Jumlah permasalahan hukum sepanjang 2014 dan upaya Total legal issue in 2014 and resolution efforts conducted by penyelesaian yang dilakukan oleh UUS adalah sebagai berikut: UUS are as follows: Jumlah / Total Permasalahan Hukum Legal Issue Perdata Pidana Civil Crime

Telah selesai (telah mempunyai kekuatan hukum yang tetap) / Completted (Legal Binding) NIhil NIhil Dalam proses penyelesaian / In Process NIhil NIhil Total NIhil NIhil

Pendapatan Non Halal dan Penggunaannya Non-Halal Income and Its Use Selama periode tahun 2014 tidak terdapat pendapatan non In 2014, there was no any non-halal income. halal.

214 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

UNIT USAHA SYARIAH Sharia Business Units

TANGGUNG JAWAB SOSIAL PERUSAHAAN Corporate Social Responsibility Seluruh program tanggung jawab sosial perusahaan merupakan All Corporate Social Responsibility programs are commitments komitmen PT. Bank Sinarmas Tbk. - UUS dalam menerapkan of PT. Bank Sinarmas Tbk. - UUS in implementing responsibility prinsip responsibility dalam rangka meningkatkan kualitas GCG principle in order to improve the quality of Company’s GCG. perusahaan.

Berikut penyaluran dana untuk kegiatan sosial baik jumlah These are fund distributions for social activities, both total fund maupun pihak penerima dana sepanjang 2014. and fund recipient in 2014:

No Kegiatan / Activities Tanggal / Date Nominal

11 September 2014 1 Pengadaan Al-Quran / Al-Quran procurement 20.000.000 September 11, 2014 Partisipasi Pelaksanaan Renovasi Gedung Olah Raga Indoor Batalyon 16 September 2014 2 Komando 467 Paskhas / Participation of Gedung Olahraga Indoor Batalyon 10.000.000 September 16, 2014 Komando 467 Pakhas Construction Partisipasi Dana CSR dalam rangka pembuatan Bak Sampah KCS Bengkulu / 1 Oktober 2014 3 1.705.000 Participation of CSR Fund in Making Trash Bin KCS Bengkulu October 1, 2014

Partisipasi Pembangunan Lapau Panjang Kota Padang / Participation of Lapau 4 October 6, 2014 6 17.100.000 Panjang Construction, Kota Padang Oktober 2014 Partisipasi Dana CSR KCS Tasikmalaya / Participation of CSR Fund KCS 9 Desemebr 2014 5 2.099.000 Tasikmalaya Decemeber 9, 2014 Partisipasi Dana CSR KCS Tasikmalaya / Participation of CSR Fund KCS 18 Desember 2014 6 3.100.000 Tasikmalaya December 18, 2014 19 Desember 2014 7 Pengadaan Al-Quran / Al-Quran procurement 27.000.000 December 19, 2014 Partisipasi Dana CSR dalam Rangka Sunatan Massal / Participation of CSR 24 Desember 2014 8 30.000.000 Fund for Mass Circumcision December 24, 2014 Partisipasi Dana CSR KCS Tasikmalaya / Participation of CSR Fund KCS 24 Desember 2014 9 4.950.000 Tasikmalaya December 24, 2014 Partisipasi Dana CSR KCS Tasikmalaya / Participation of CSR Fund KCS 30 Desember 2014 10 1.240.000 Tasikmalaya December 30, 2014 Partisipasi Dana CSR KCS Tasikmalaya / Participation of CSR Fund KCS 31 Desember 2014 11 3.400.000 Tasikmalaya December 31, 2014 TOTAL 120.594.000

Annual Report 2014 | PT. BANK SINARMAS Tbk. 215 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Manajemen Risiko Risk Management

Bank Sinarmas memahami bahwa bisnis perbankan memiliki Bank Sinarmas realizes that banking business has several risks beragam risiko yang harus diidentifikasi, dikelola, dipantau that have to be identified, managed, monitored consistently secara konsisten dan ditindaklanjuti dengan langkah mitigasi and followed-up by mitigation steps thus risk effect can be sehingga dampak kejadian risiko dapat diminimalisasi. minimized. Lateness in mitigating risk can be fatal, thus speed Keterlambatan dalam memitigasi risiko dapat berakibat fatal, and accuracy in mitigating risk can build an opportunity for sebaliknya kecepatan dan ketepatan dalam mengidentifikasi business development. dan memitigasi risiko dapat melahirkan peluang bagi pengembangan usaha.

Berdasarkan Peraturan Bank Indonesia Nomor 5/8/PBI/2003 Based on Bank Indonesia regulation No.5/8/PBI/2003 regarding tentang Penerapan Manajemen Risiko bagi Bank Umum, Implementation of Risk Management for Commercial Bank, risk pengelolaan risiko Bank Sinarmas dilakukan terhadap 8 managements of Bank Sinarmas are conducted 8 (eight) types (delapan) jenis risiko, yaitu: of risks, that are: 1. Risiko Kredit 1. Credit Risk 2. Risiko Pasar 2. Market Risk 3. Risiko Likuiditas 3. Liquidity Risk 4. Risiko Operasional 4. Operational Risk 5. Risiko Hukum 5. Legal Risk 6. Risiko Stratejik 6. Strategic Risk 7. Risiko Kepatuhan 7. Compliance Risk 8. Risiko Reputasi 8. Reputation Risk

Dalam pelaksanaannya, pengelolaan risiko Bank berpedoman In its implementation, risk management of the Bank refers to pada kerangka manajemen risiko yang dituangkan dalam risk management framework stated in Risk Management Policy. Kebijakan Manajemen Risiko (KMR). Kerangka tersebut The framework is used as the basic in determining strategy, digunakan sebagai dasar dalam menetapkan strategi, organization structure, policy and guideline, limit determination, struktur organisasi, kebijakan dan pedoman, penetapan authority, as well as being applied in risk management level in limit, kewenangan, serta diaplikasikan di dalam perangkat all scope business activities to ensure that all risks faced by the manajemen risiko yang berlaku di seluruh lingkup aktivitas Bank can be identified, measured, controlled, and mitigated usaha guna memastikan semua risiko yang dihadapi Bank dapat properly. teridentifikasi, terukur, terkendali, dan termitigasi dengan baik.

SISTEM PENERAPAN MANAJEMEN RISIKO Risk Management Implementation System Bank Sinarmas mengembangkan manajemen risiko secara Bank Sinarmas develops risk management continuously berkesinambungan sesuai dengan meningkatnya kompleksitas along with the increase of business complexity and strategy. dan strategi bisnis. Penerapan manajemen risiko dilakukan Risk management implementation is conducted through melalui 4 (empat) pilar, yaitu Pengawasan Aktif Dewan 4 (four) pillars, which are Active Supervision of Board of Komisaris dan Direksi; Kecukupan Kebijakan, Prosedur, dan Commissioners and Directors; Adequacy of Policy, Procedure, Penetapan Limit; Proses Manajemen Risiko dan Sistem Informasi and Limit Determination; Risk Management Process and Risk Manajemen Risiko; serta Sistem Pengendalian Intern. Management Information System; as well as Internal Control System.

216 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Manajemen Risiko Risk Management

1. Pengawasan Aktif Dewan Komisaris dan Direksi 1. Active Supervision of Board of Commissioners and Directors Pengawasan Dewan Komisaris dilaksanakan sesuai dengan Supervision of Board of Commissioner is conducted in tugas dan tanggung jawabnya yang meliputi hal-hal berikut: accordance with their duties and responsibilities, which are: • Menyetujui kebijakan-kebijakan yang harus mendapat • To approve policies that have to be approved by Board of persetujuan dari Dewan Komisaris. Commissioners. • Mengevaluasi pelaksanaan kebijakan manajemen risiko dan • To evaluate the implementation of risk management policy strategi manajemen risiko. and risk management strategy. • Mengevaluasi pertanggungjawaban Direksi atas • To evaluate accountability of Directors for implementation pelaksanaan kebijakan dan prosedur manajemen risiko, of policies and procedures of risk management, including antara lain dengan mengevaluasi laporan yang disampaikan evaluating report reported by Director periodically, asking Direksi secara berkala, meminta penjelasan kepada for explanation to the Director and providing improvement Direksi dan memberikan arahan perbaikan jika terdapat recommendation if there is violation of risk management penyimpangan pelaksanaan manajemen risiko yang telah implementation that has been determined. ditetapkan. • Menyetujui transaksi yang memerlukan persetujuan dari • To approve transaction that needs to be approved by Board Dewan Komisaris. of Commissioners.

Dalam melaksanakan tugas dan tanggung jawab pengawasan In conducting effective supervision duties and responsibilites in efektivitas proses manajemen risiko, Dewan Komisaris dibantu risk management process, Board of Commissioner is assisted by oleh Komite Pemantau Risiko dalam melakukan melakukan Risk Monitoring Committee in evaluating the implementation evaluasi terhadap pelaksanaan kebijakan manajemen risiko of risk management policy as well as implementation of Risk serta terhadap pelaksanaan tugas Komite Manajemen Risiko Management and Risk Management Working Unit duties. Risk dan Satuan Kerja Manajemen Risiko. Komite Pemantau Risiko Monitoring Committee will give recommendations to Board of akan rekomendasi kepada Dewan Komisaris atas hasil evaluasi Commissioner for evaluation result of risk management. manajemen risiko tersebut.

Tugas dan tanggung jawab Direksi dalam penerapan Duties and responsibilities of Director in implementing risk manajemen risiko antara lain: management are as follows: • Mengevaluasi dan menyetujui kebijakan-kebijakan serta • Evaluating and approving methodology used to assess metodologi yang digunakan untuk penilaian berbagai jenis several types of Bank’s risks. risiko Bank. • Mengevaluasi dan memberikan arahan berdasarkan • Evaluating and providing guidelines based on reports laporan-laporan yang disampaikan oleh Satuan Kerja reported by Risk Management Working Unit, including Manajemen Risiko termasuk laporan mengenai Profil Risiko. reports regarding Risk Profile. • Menetapkan struktur organisasi termasuk wewenang dan • Determining organization structure including clear tanggung jawab yang jelas pada setiap jenjang jabatan authorities and responsibilities to every level position related yang terkait dengan penerapan manajemen risiko. to implementation of risk management. • Memastikan pelaksanaaan langkah-langkah perbaikan • Ensuring implementation of improvement steps needed for yang diperlukan atas permasalahan yang timbul dalam the problems that have to be faced in Bank activities. aktivitas Bank. • Memastikan peningkatan kompetensi sumber daya manusia • Ensuring improvement of human capital competence related yang terkait dengan penerapan manajemen risiko. to implementation of risk management.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 217 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Manajemen Risiko Risk Management

Direksi menetapkan Komite Manajemen Risiko dalam The Director determines Risk Management Committee in melakukan evaluasi terhadap pelaksanaan manajemen risiko evaluating the implementation of risk management as well as serta memberikan rekomendasi yang diperlukan. Komite gives recommendations required. Risk Management Committee Manajemen Risiko beranggotakan Direksi serta Pejabat includes the Director and related Executive positions. Eksekutif terkait.

2. Kecukupan Kebijakan, Prosedur, dan Penetapan Limit 2.Adequacy of Policies, Procedures, and Limit Determination Struktur organisasi Bank yang disusun telah mempertimbangkan Organization structure of the Bank arranged has considered kebutuhan untuk mendukung penerapan manajemen risiko the need to support implementation of risk management and dan pengendalian internal yang baik, antara lain dibentuknya good internal control, such as the establishment of Compliance Satuan Kerja Kepatuhan, Satuan Kerja Manajemen Risiko dan Working Unit, Risk Management Working Unit and Internal Satuan Kerja Audit Internal. Audit Working Unit.

Bank telah memiliki kebijakan dan prosedur serta menetapkan The Bank has several policies and procedures as well as limit-limit untuk membatasi risiko. Kebijakan, prosedur dan determines limitations to limit the risks. Policies, procedures, limit tersebut disusun sesuai dengan risk appetite dan risk and limitation are arranged in accordance with risk appetite tolerance Bank serta secara berkala dilakukan kajian kembali and risk tolerance of the Bank and periodically are reviewed untuk dievaluasi kesesuaiannya dengan skala dan kompleksitas to evaluate its conformity with the scale and complexity of the Bank. Bank.

3. Proses Manajemen Risiko dan Sistem Informasi 3. Risk Management Process and Information System of Manajemen Risiko Risk Management Bank Sinarmas secara berkesinambungan mengembangkan Bank Sinarmas continuosly develops the method that can metode yang dapat mengukur eksposur risiko Bank measure Bank’s risk exposure as a guideline in conducting a sebagai acuan dalam melakukan pengendalian, baik secara control, both quantitatively and qualitatively. Measurement kuantitatif maupun kualitatif. Model pengukuran yang telah models that have been developed the Bank including scoring, dikembangkan Bank antara lain seperti scoring, value at risk value at risk (VaR), portfolio management and stress testing. (VaR), portofolio management dan stress testing. Model These measurement models have been evaluated and enhanced pengukuran tersebut dievaluasi dan disempurnakan secara periodically to ensure their conformities. berkala untuk memastikan kesesuaiannya.

Sistem informasi manajemen merupakan hal penting untuk Management Information System is important to support the mendukung pelaksanaan proses identifikasi, pengukuran, implementation of identification, measurement, monitoring, pemantauan, dan pengendalian risiko. Beberapa and risk control process. Several developments have been pengembangan yang dilakukan Bank terkait sistem informasi, conducted by the Bank related to information system, including: antara lain sebagai berikut: • Pada aktivitas perkreditan, Bank telah mengembangkan • In credit activities, the Bank has developed supporting program bantu yang dikenal dengan Loan Origination program called Loan Origination System (LOS) to support the System (LOS) untuk mendukung efektivitas dan efisiensi effectivity and efficiency in the process of credit application dalam pengajuan permohonan kredit serta mempercepat as well as to accelerate process of credit approval. pelaksanaan proses persetujuan kredit • Pada aktivitas treasury, Bank telah mengembangkan • In treasury activities, the Bank has developed supporting program bantu blotter electronic yang terintegrasi dengan program called blotter electronic that has been integrated core banking system untuk memantau Posisi Devisa Neto. with care banking system to monitor Net Open Position.

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Manajemen Risiko Risk Management

Sebagai bagian dari sistem informasi manajemen risiko, Satuan As a part of information system of risk management, Risk Kerja Manajemen Risiko telah menyusun laporan profil risiko Management Working Unit has arranged report of Bank’s Bank yang disampaikan setiap triwulan kepada Direksi dan risks profile that is reported periodically to Director and Risk Komite Manajemen Risiko. Management Committee.

4. Sistem Pengendalian Internal 4. Internal Control System Seluruh manajemen dan karyawan memiliki peran dan All managements and employees have their own duties and tanggung jawab dalam meningkatkan kualitas dan pelaksanaan responsibilities in increasing the quality and implementation of sistem pengendalian internal. internal system control.

Pengendalian internal dilakukan oleh unit bisnis dengan Internal control is conducted by business unit by referring to the mengacu pada kebijakan dan prosedur yang telah ditetapkan. policies and procedures that have been determined. To ensure Untuk memastikan bahwa kebijakan dan prosedur telah that policies and procedures have been implemented, Internal dilaksanakan, maka Satuan Kerja Audit Internal melakukan Audit Working Unit conducts evaluation process periodically proses evaluasi secara periodik dengan cakupan aspek with supervision aspect that has been determined previously. pemeriksaan yang telah ditentukan sebelumnya.

EVALUASI ATAS EFEKTIVITAS SISTEM Evaluation of Effectivity of Risk MANAJEMEN RISIKO Management System Permodalan Bank Sinarmas Bank Sinarmas’ Capital Bank Sinarmas senantiasa memastikan kecukupan permodalan Bank Sinarmas ensures adequacy of capital to cover credit risk, untuk menyerap risiko kredit, risiko pasar dan risiko operasional market risk and operational risk as regulated by Bank Indonesia. sebagaimana ditentukan oleh Bank Indonesia. Metode Method of adequacy of Bank’s capital measurement uses an perhitungan kecukupan modal Bank Sinarmas menggunakan approach determined in accordance with the standard from pendekatan yang ditetapkan sesuai standar dari Basel II, Basel II, that is standard approach for credit risk and market risk yaitu pendekatan standar untuk risiko kredit dan risiko pasar as well as basic indicator approach for operational risk. Besides serta pendekatan indikator dasar untuk risiko operasional. adequacy of capital to support those 3 (three) risks, the Bank Selain kecukupan permodalan untuk melindungi 3 (tiga) also calculates adequacy of capital based on Bank Risk Profile risiko tersebut, Bank juga melakukan perhitungan kecukupan through process of Internal Capital Adequacy Assessment permodalan berdasarkan Profil Risiko Bank melalui proses Process (ICAAP). Internal Capital Adequacy Assessment Process (ICAAP).

Profil Risiko dan Tingkat Kesehatan Bank Risk Profile and Health Level of the Bank Penilaian Profil Risiko mencakup penilaian terhadap risiko inheren Assessment on risk profile includes assessment on inherent risk dan penilaian terhadap Kualitas Penerapan Manajemen Risiko and quality of risk management implementation that reflects yang mencerminkan sistem pengendalian risiko (risk control risk control system. The assessment is conducted to all risk system). Penilaian dilakukan pada seluruh faktor risiko dengan factors by emphasizing the risks related to every activities of penekanan pada risiko yang melekat pada setiap kegiatan Bank the Bank, including credit risk, market risk, liquidity risk and yang meliputi risiko kredit, risiko pasar, risiko likuiditas dan operational risk, by not ignoring other risks, such as legal risks, risiko operasional, dengan tidak mengabaikan risiko lainnya, reputation risk, strategic risk, and compliance risk. In conducting seperti risiko hukum, risiko reputasi, risiko stratejik dan risiko an assessment on risk profile, the Bank should refer to Bank kepatuhan. Dalam melakukan penilaian profil Risiko, Bank Indonesia regulation No. 13/1/PBI/2011 dated January 5, 2011, mengacu pada Peraturan Bank Indonesia No. 13/1/PBI/2011 regarding the Assessment on Health Level of Commercial Bank tanggal 5 Januari 2011 tentang Penilaian Tingkat Kesehatan and Circular Letter of Bank Indonesia No. 13/24/DPNP dated Bank Umum dan Surat Edaran Bank Indonesia No.13/24/DPNP October 25, 2011 regarding the Assessment on Health Level of

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tanggal 25 Oktober 2011 tentang Penilaian Tingkat Kesehatan Commercial Bank including minimum parameter that has to be Bank Umum yang didalamnya mengatur sejumlah parameter used by the Bank. minimal yang harus digunakan Bank.

Berdasarkan hasil self assessment Bank, peringkat komposit Based on self-assessment of the Bank, composite ranking for untuk profil risiko Bank Sinarmas per 31 Desember 2014 berada risk profile of Bank Sinarmas as of December 31, 2014, was on pada peringkat 2 (Low to Moderate). the 2nd ranking (Low to Moderate).

JENIS RISIKO DAN PENGELOLAANYA TYPES OF RISKS AND ITS MANAGEMENT 1. RISIKO KREDIT 1. Credit Risk Risiko kredit adalah risiko yang timbul akibat kegagalan In general, credit Risk is the risk that occurs from failure of debitur atau pihak lawan (counterparty) serta pihak lainnya debtors/counterparties and other parties in fulfilling their dalam memenuhi kewajibannya ketika jatuh tempo. Berbagai maturing obligations. Various obligations can occur from kewajiban ini dapat timbul dari berbagai aktivitas fungsional several functional activities such as loan (provision of funds), penyediaan dana, seperti perkreditan, treasury, investasi dan treasury, investment and trade finance). pembiayaan perdagangan (trade finance).

Tujuan pengelolaan risiko kredit antara lain sebagai berikut: Purposes of credit risk management are as follows: • Mengidentifikasi risiko kredit yang melekat dalam setiap • To identify credit risk related to every financial activities to aktivitas penyediaan dana sehingga bisa merekomendasikan recommend several steps to mitigate the risks. langkah-langkah untuk memitigasi risikonya. • Sebagai penyeimbang antara ekspansi kredit dan kualitas • To be balance between the credit expansion and credit kredit. Dengan pengelolaan kredit yang baik diharapkan quality. By managing credit properly, Bank’s credit is kredit Bank bertumbuh namun dengan kualitas kredit yang expected to grow with good quality credit (Non Performing baik (rasio non performing loan di bawah risk appetite). Loan ration under risk appetite). • Memastikan bahwa aktivitas penyediaan dana telah • To ensure that financial activities have been conducted by dilakukan dengan memperhatikan prinsip-prinsip conerning principles of healthy credit allocation. pemberian kredit yang sehat. • Memastikan bahwa deviasi terhadap kebijakan dan • To ensure that the deviation of policy and procedure are still prosedur masih dalam batas yang ditetapkan. in the limit that has been determined.

Penerapan Manajemen Risiko Kredit Implementation of Credit Risk Management a. Organisasi Manajemen Risiko Kredit Bank berada dalam a. Organization of Credit Risk Management is on the struktur organisasi Manajemen Risiko yang terdiri dari organization structure of risk management consisting of staf-staf fungsional yang secara khusus bertanggung functional staffs, that are responsible to conduct credit risk jawab melakukan pengelolaan risiko kredit dan bersifat management and be independent from business working independen dari unit kerja bisnis. unit. b. Strategi Manajemen Risiko Kredit b. Credit Risk Management Strategy • Bank telah menetapkan prosedur dan kebijakan kredit, • The Bank has determined credit procedure and pengaturan limit dan melakukan evaluasi secara policy, limit determination and conducted evaluation berkala untuk memastikan bahwa seluruh risiko yang periodically to ensure that all risks that may come up mungkin timbul dari pemberian kredit dapat dimitigasi, from credit allocation can be mitigated, implemented menerapkan prinsip four eyes principles secara Four Eyes Principles consistently, as well as conducted konsisten, serta pelaksanaan evaluasi independen independent evaluation to the credit application in terhadap permohonan kredit dalam batasan tertentu particular limitation and sampling existing debotrs. dan debitur existing secara sampling.

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Manajemen Risiko Risk Management

• Dalam rangka menjaga kualitas kredit debitur, Bank • To maintain the quality of debtor’s credit, the Bank dengan ketat memantau perkembangan portofolio monitors the development of Bank credit portfolio to kredit Bank yang memungkinkan Bank untuk conduct early warning if the quality of credit decreases melakukan tindakan pencegahan secara tepat waktu by making credit portfolio and reporting it to the (early warning) apabila terjadi penurunan kualitas kredit Director periodically. dengan membuat portofolio kredit dan melaporkannya kepada Direksi secara berkala. • Bank juga menetapkan risk appetite, risk tolerance dan • The Bank also has determined risk appetite, risk tolerance risk limit untuk bidang perkreditan serta melaksanakan and risk limit for credit field as well as conducted stress stress testing risiko kredit secara berkala. testing of credit risk periodically. • Bank melakukan pengawasan penyediaan dana • The Bank conducted supervision of funds provision of kepada pihak terkait dengan melakukan analisis secara related party and conducted analysis comprehensively komprehensif dan pemberian second opinion dari Divisi and provided second opinion from Division of Risk Satuan Kerja Manajemen Risiko dan Divisi Kepatuhan Management Working Unit as an Independent Unit, sebagai unit independen dan memastikan penyediaan and ensured provision of fund has been in accordance dana tersebut sesuai dengan ketentuan regulator. with regulator. • Proses pemantauan kualitas kredit sampai dengan • Process of credit quality control to handling of problems penanganan kredit bermasalah terus ditingkatkan loan are continuously developed with several strategies dengan berbagai strategi atau metode yang dimonitor and methods monitored periodically to ensure that the secara periodik untuk memastikan agar kualitas quality of credit portfolio is maintained in accordance portofolio kredit tetap terjaga sesuai risk appetite Bank. with Bank’s risk appetite. • Dalam rangka memenuhi ketentuan regulator dan • To fulfill the regulator policy and support government mendukung program pemerintah terkait penyaluran program related to UMKM channeling, the Bank starts kredit usaha mikro, kecil dan menengah (UMKM), focusing on credit channeling in UMKM. One step maka sepanjang 2014 Bank mulai fokus menyalurkan taken by the Bank is to implement organisation wide kredit pada UMKM. Salah satu langkah yang diambil policy that limits credit value for every segment, both Bank yaitu dengan menerapkan organisation wide corporation credit and retail credit. In business side, the policy yang membatasi nilai kredit untuk setiap segmen, Bank develops credit product for UMKM in quarter IV baik untuk kredit korporasi maupun kredit retail. Dari 2014 (Simas KUK) and Simas Macro), develops credit sisi bisnis, Bank mengembangkan produk kredit untuk product by the scheme of supply chain financing, credit UMKM pada triwulan IV 2014 (Simas KUK dan Simas micro channeling through coordination with agents Micro), mengembangkan produk kredit dengan skema (cooperative, multifinance, other instances), channeling supply chain financing, penyaluran kredit mikro melalui to palm oil farmers or other micro businesses. In 2014, kerja sama dengan agen (koperasi, multifinance, the Bank conducted the development of One Obligor instansi lainnya), penyaluran kepada petani sawit system to control credit allocation in order to mitigate ataupun usaha mikro lainnya. Selama 2014, Bank the exceedances and violation of BMPK, implementation juga melakukan pengembangan terhadap Sistem One of inhouse training AO Micro and SPV Micro to increase Obligor untuk melakukan kontrol pemberian kredit the quality of human capital, that is first line of the Bank dalam rangka memitigasi terjadinya pelampauan atau in conducting credit allocation. pelanggaran BMPK, pelaksanaan inhouse training AO Mikro dan SPV Mikro untuk meningkatkan kualitas SDM yang merupakan first line (garda depan) Bank dalam melakukan pemberian kredit.

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c. Pengukuran dan Pengendalian Risiko Kredit c. Credit Risk Measurement and Control • Pengukuran Risiko Kredit • Credit Risk Measurement Dalam mengukur beban modal atas risiko kredit, Bank In measuring capital charges for credit risk, Bank uses menggunakan metode standar sesuai yang diatur dalam the standard method outlined in the Bank Indonesia Surat Edaran Bank Indonesia Nomor 13/6/DPNP perihal Circular Letter No. 13/6/DPNP regarding the Code Pedoman Perhitungan Aset Tertimbang Menurut Risiko Calculation Risk Weighted Assets by using the Standard dengan Menggunakan Pendekatan Standar. Penilaian Approach. Assessment of the credit risk profile is terhadap profil risiko kredit juga dilakukan secara berkala periodically carried out to measure the inherent risks untuk mengukur risiko yang melekat serta kecukupan and adequacy of risk management. Inherent risk is penerapan manajemen risiko. Risiko yang melekat measured with using a number of parameters that diukur dengan menggunakan sejumlah parameter include asset portfolio compositions and concentration yang mencakup antara lain komposisi portofolio aset levels, financing qualities and the adequacy of reserves. dan tingkat konsentrasi, kualitas penyediaan dana dan kecukupan pencadangan. • Pengendalian Risiko Kredit • Credit Risk Management - Bank mengembangkan serta menerapkan risk - Bank develops and implements the risk governance governance sebagai bagian dalam pengendalian as part of the internal control of credit as follows: internal perkreditan sebagai berikut: o Lini pertama (pilar bisnis dan pendukung) o First line (business and supporting pillars) terutama bertanggung jawab mengelola risiko primarily responsible for managing credit risk, kredit yang merupakan bagian dari aktivitasnya which is part from its daily activities. sehari-hari. o Lini kedua menyediakan sumber daya yang o The second line provides the resources required diperlukan untuk mengembangkan kerangka to develop credit risk frameworks, policies, kerja risiko kredit, kebijakan, metodologi dan methodologies and tools of credit risk in credit perangkat risiko kredit dalam pengelolaan risiko risk management in bank-wide material. kredit yang bersifat material secara bankwide. o Lini ketiga merupakan audit internal dan kontrol o The third line is the internal audit and internal internal, yang secara independen bertugas untuk controls, which are independently served melakukan pemeriksaan terhadap kepatuhan, to conduct an examination of compliance, kecukupan dan efektivitas proses manajemen adequacy and effectiveness of credit risk risiko kredit. management process - Dalam menjalankan fungsi manajemen risiko - In carrying out the functions of credit risk kredit, proses persetujuan kredit telah diatur management, credit approval process has been dalam kebijakan Bank, yaitu dengan menetapkan set in the Bank’s policies, which are by setting wewenang di kantor cabang, kantor wilayah, dan authority in branch offices, regional offices and kantor pusat sehingga memungkinkan proses headquarters allowing the credit decision-making pengambilan keputusan kredit yang optimal. Seiring process optimal. Along with the growth of Bank dengan bertumbuhnya perkreditan Bank, maka credit, to support the effectiveness and efficiency untuk mendukung efektivitas dan efisiensi dalam of the submission of the loan application and pengajuan permohonan kredit serta mempercepat expedite the implementation of the credit approval pelaksanaan proses persetujuan kredit, Bank process, Bank uses a supporting program known as menggunakan suatu program bantu yang dikenal Loan Origination System (LOS) are constantly being dengan Loan Origination System (LOS) yang terus developed and refined. Currently Bank has used LOS

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Manajemen Risiko Risk Management

dikembangkan dan disempurnakan. Saat ini Bank in the process of filing microcredit, consumer, and telah menggunakan LOS dalam proses pengajuan commercial by applying risk parameters integratedly kredit mikro, konsumer, komersial dengan and comprehensively. menerapkan parameter-parameter risiko secara terintegrasi dan menyeluruh. - Bank menerapkan pemberian second opinion yang - Bank applies an independent second opinion in independen berupa pendapat atau kajian mitigasi the form of an opinion or assessment from risk risiko dari Satuan Kerja Manajemen Risiko, terhadap mitigation of Risk Management Unit, to the credit eksposur kredit di atas Rp50 miliar juga terhadap exposure above 50 billion also for products related produk-produk terkait dengan perkreditan ataupun to the credit or lending activities that have a high aktivitas perkreditan yang memiliki risiko melekat inherent risk. (inherent risk) yang tinggi. - Bank memantau portofolio kredit Bank yang disusun - Bank monitors the Bank’s loan portfolio by type of berdasarkan jenis penggunaan, sektor ekonomi, use, economic sector, debtors’ core, type of facility, debitur inti, jenis fasilitas, mata uang, geografis, currency, geographical, branch and Legal Lending cabang dan Batas Maksimum Pemberian Kredit Limit (LLL) in accordance with Bank Indonesia (BMPK) sesuai ketentuan Bank Indonesia yang regulations. berlaku. - Bank melaksanakan stress testing risiko kredit secara - Bank performs credit risk stress testing periodically. berkala. - Bank melakukan upaya-upaya penyehatan dan/atau - Bank attempts to restructure and/or rescue troubled penyelamatan kredit bermasalah yang dilakukan debt in the form of debt restructuring carried out berupa restrukturisasi kredit yang dilakukan oleh by the Work Unit Loan Recovery. Procedures and Unit Kerja Loan Recovery. Tata cara dan pedoman guidelines to implement the restructuring and/or untuk melaksanakan penyehatan dan/atau saving troubled loans have been arranged in the penyelamatan kredit bermasalah telah diatur dalam Bank’s internal policies. kebijakan internal Bank. - Sebagai langkah mitigasi risiko kredit, Bank juga - As the credit risk mitigation, Bank also requires mewajibkan debitur untuk memberikan agunan. debtors to provide collateral. Types of collateral Jenis agunan yang diterima Bank sebagai agunan received by the Bank as collateral for credit are kredit, antara lain berupa cash collateral, fixed cash collateral, fixed asset, machinery, motor asset, mesin, kendaraan bermotor, persediaan, dan vehicle, inventory, and more in accordance with the lainnya sesuai dengan kebijakan yang berlaku. prevailing policies.

Definisi Tagihan yang Telah Jatuh Tempo dan Tagihan Definition of Mature Receivables and Impaired yang Mengalami Penurunan Nilai Receivables Tagihan yang telah jatuh tempo adalah seluruh tagihan Mature receivables are the entire bills to the government, kepada pemerintah, entitas sektor publik, Bank Pembangunan public sector entities, Multilateral Development Banks and Multilateral dan Lembaga Internasional, Bank, kredit beragun International Institutions, Bank, residential mortgage-backed rumah tinggal, kredit beragun properti komersial, kredit loans, loans backed commercial property, employees or pension pegawai atau pensiun, usaha mikro, usaha kecil dan portofolio credit, micro business, small business and retail portfolio, and ritel, serta korporasi, yang telah jatuh tempo lebih dari 90 corporate, which have maturities of more than 90 (ninety) days, (sembilan puluh) hari, baik atas pembayaran pokok dan/atau either for payment of principal and/or interest payments. pembayaran bunga.

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Tagihan yang mengalami penurunan nilai (impairment) Impaired receivables (impairment) are bills in conditions where adalah tagihan dalam kondisi di mana terdapat bukti objektif there is objective evidence of the occurrence of an adverse terjadinya peristiwa yang merugikan sebagai akibat dari satu event as a result of one or more events that occurred after the atau lebih peristiwa yang terjadi setelah pengakuan awal kredit initial recognition of the loan, and the adverse events impact on tersebut, serta peristiwa yang merugikan tersebut berdampak the estimated future cash flows on loans or group of loans that pada estimasi arus kas masa datang atas kredit atau kelompok can be reliably estimated. kredit yang dapat diestimasi secara handal.

Pendekatan yang Digunakan Bank untuk Pembentukan Approaches Used by Bank for Allowance for Impairment Cadangan Kerugian Penurunan Nilai (CKPN) Losses (CKPN) a. Cadangan Kerugian Penurunan Nilai (CKPN) secara a. Individual Allowance for Impairment Losses (CKPN) individual CKPN individual dibentuk untuk kredit dengan plafon di CKPN individually formed for credit with a platform above atas Rp2 miliar dan telah menunggak lebih dari 90 hari Rp.2 billion and has been overdue for more 90 days with dengan menggunakan estimasi arus kas di masa datang. uses the estimated future cash flows. b. Cadangan Kerugian Penurunan Nilai (CKPN) kolektif b. Collective Allowance for Impairment Losses (CKPN) CKPN kolektif dibentuk untuk seluruh kredit dengan CKPN collective formed to the entire credit with platform plafon di bawah Rp2 miliar dan kredit di atas Rp2 miliar less than Rp2 billion and credit above Rp.2 billion which yang tunggakkannya belum mencapai 90 hari. Metode the arrears have not been up to 90 days. CKPN calculation perhitungan CKPN disesuaikan dengan standar kebijakan methods adapted to the prevailing standards of accounting akuntansi yang berlaku. policies.

Bank menggunakan metode roll rate analysis yaitu metode Bank using roll rate analysis that as the method for assessing untuk menilai penyisihan kerugian penurunan nilai kredit the impairment loss of credit by using historical data of 5 dengan menggunakan data historis 5 (lima) tahun terakhir (five) recent years for the Probability of Default (PD) and untuk Probability of Default (PD) dan Loss Given Default Loss Given Default (LGD). (LGD).

Pengungkapan Risiko Kredit dengan Menggunakan Disclosure of Credit Risk by Using Standard Methods Metode Standar a. Kebijakan penggunaan peringkat dalam perhitungan Aset a. The policy of the use of rank in the calculation of Risk Tertimbang Menurut Risiko (ATMR) untuk risiko kredit. Weighted Assets for Credit Risk (ATMR). In the calculation Dalam perhitungan ATMR risiko kredit, Bank menggunakan of Risk Weighted Assets for Credit Risk, the Bank uses perhitungan dengan Pendekatan Standar (Standardized Standardized Approach, where the quality of debtors is Approach), di mana kualitas debitur diperingkat oleh ranked by external rating agencies acknowledged by Bank lembaga pemeringkat eksternal yang diakui oleh Bank Indonesia. Indonesia. b. Kategori portofolio yang menggunakan peringkat eksternal b. Portfolio category uses the external rating are receivables adalah tagihan kepada entitas sektor publik, tagihan to public entity, receivables to multilateral development kepada Bank Pembangunan Multilateral dan Lembaga bank and international institution, receivables to Bank, and Internasional, tagihan kepada Bank, dan tagihan kepada receivables to corporate (securities). Korporasi (surat berharga). c. Lembaga pemeringkat yang digunakan oleh Bank c. Rating agencies used by the Bank are referred to Bank berpedoman pada ketentuan Bank Indonesia. Bank Indonesia Regulations. In order to extend credit to debtors menggunakan beberapa lembaga pemeringkat yang diakui in forms of bonds and other securities, the Bank uses several

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Manajemen Risiko Risk Management

Bank Indonesia dalam rangka pemberian kredit kepada agencies, which are acknowledged by Bank Indonesia, debitur berupa obligasi dan surat berharga lainnya, yaitu namely: Standard and Poor’s, Fitch Ratings, Moody’s, Fitch Standard and Poor’s, Fitch Rating, Moody’s, Fitch Ratings Ratings Indonesia, ICRA Indonesia, and the Rating Agency Indonesia, ICRA Indonesia dan Pemeringkat Efek Indonesia. of Indonesia. d. Pengungkapan risiko kredit pihak lawan (counterparty credit d. Disclosure of counterparty credit risk of bill exposure or credit risk) sebesar eksposur tagihan atau kredit yang diterima received by the other parties or debtors to take into account oleh pihak lawan atau debitur dengan memperhitungkan the type of collateral granted to the Bank as the Bank’s jenis agunan yang diserahkan kepada Bank sebagai mitigasi credit risk mitigation. Mitigation instruments commonly risiko kredit Bank. Jenis instrumen mitigasi yang lazim accepted or submitted to the Bank, including cash collateral diterima atau diserahkan kepada Bank, antara lain agunan in the form of deposits, land and buildings, bills or accounts tunai berupa deposito, tanah dan bangunan, tagihan receivable, machineries and equipment, motor vehicles, atau piutang, mesin dan peralatan, kendaraan bermotor, corporate guarantees and personal guarantees. corporate guarantee dan personal guarantee.

Pengungkapan Mitigasi Risiko Kredit dengan Disclosure of Credit Risk Mitigation by Using Standard Menggunakan Metode Standar Methods a. Kebijakan Bank untuk jenis agunan yang diterima a. Bank’s Policy for the Acceptable Types of Collateral Dalam kebijakan perkreditan Bank, jenis agunan yang In Bank’s credit policy, the acceptable types of collateral are: diterima antara lain: · Moving and tangible objects such as motor vehicle or · Benda bergerak dan berwujud, seperti kendaraan heavy vehicle, merchandise (inventory), machinery or bermotor atau kendaraan alat berat, barang dagangan heavy equipment, as well as ship. (inventory), mesin atau alat-alat berat, serta kapal laut. · Agunan tunai, antara lain berupa sertifikat deposito, · Cash collateral such as certificate of deposit, time deposito berjangka, tagihan atau piutang usaha, saham, deposit, business bill, share, obligation, standby L/C and obligasi, standby L/C dan lain-lain. others. · Tanah dan bangunan, seperti Sertifikat Hak Milik, · Land and buildings such as the Certificate of Property, Sertifikat Hak Guna Bangunan (SHGB), serta Sertifikat Building Use Rights Certificate (SHGB), and Certificate Hak Milik atas Rumah Susun (SHMRS). of Property Rights over Flats (SHMRS). · Hak sewa pakai. · Right to Occupy. · Agunan immateriil penanggungan, antara lain Jaminan · Underwriting immaterial collateral, such as personal pribadi atau perorangan (personal guarantee) dan guarantee and corporate guarantee. jaminan perusahaan (corporate guarantee). · Written Support, antara lain Letter of Awareness, Letter · Written Support such as Letter of Awareness, Letter of of Comfort, Letter of Undertaking. Comfort, and Letter of Undertaking. · Reksadana. · Mutual Fund. · Kinerja Perusahaan. · Corporate Performance. b. Kebijakan, prosedur dan proses untuk menilai dan b. Policies, procedures and processes to assess and manage the mengelola agunan collateral Pada prinsipnya pemberian pinjaman harus disesuaikan Principally lending must be adapted to the ability of the dengan kemampuan pembayarannya, tetapi analisis payment, but the analysis is still required as a guarantee an jaminan tetap dibutuhkan sebagai alternatif penyelesaian alternative solution if the loan becomes trouble. Collateral apabila pinjaman menjadi bermasalah. Jaminan yang received is a material guarantee and has a high market diterima merupakan jaminan yang materil dan memiliki nilai value (marketable) and preferably on behalf of prospective pasar yang tinggi (marketable) dan diutamakan atas nama debtors. Collateral internal evaluation by an independent

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Manajemen Risiko Risk Management

calon debitur. Agunan dilakukan penilaian oleh internal appraisal is depending on the amount of loan. If the loan atau independen appraisal tergantung besar pinjamannya, is above Rp5 billion, the collateral should be assessed by an di mana apabila pinjaman di atas Rp5 miliar, maka agunan independent appraisal, whereas if a loan is Rp5 billion or harus dilakukan penilaian oleh independen appraisal, less, internal appraisal will be carried out by the Bank. sedangkan apabila pinjaman hingga Rp5 miliar dilakukan oleh internal appraisal Bank. c. Pihak-pihak utama pemberi jaminan atau garansi dan c. Main parties of guarantor or warrantor and creditworthiness kelayakan kredit (creditworthiness) To keep the possibility of uncollectible loans granted to Untuk menjaga kemungkinan tidak tertagihnya kredit debtors, the Bank may request additional collateral such as yang sudah diberikan kepada debitur, maka Bank dapat assurances from other third parties and/or warranties that meminta tambahan agunan antara lain meminta jaminan are not directly related to the object financed and the Bank dari pihak ketiga lainnya dan/atau garansi yang tidak will assess the creditworthiness (creditworthiness) of the berkaitan langsung dengan objek yang dibiayai dan Bank parties. akan menilai kelayakan kredit (creditworthiness) dari pihak- pihak tersebut.

2. RISIKO PASAR 2. Market Risk Risiko pasar terjadi akibat adanya pergerakan variabel pasar Market risk occurs due to the market variable movement (adverse dari portofolio yang dimiliki Bank. Di mana variabel pasar yang movement) from the portfolio owned by the Bank, in which the dimaksud adalah suku bunga dan nilai tukar. Risiko pasar variables are interest rate and foreign exchange. Market risk antara lain terdapat pada aktivitas fungsional Bank, seperti can be derived from trading book and banking book portfolio kegiatan treasury dan investasi dalam bentuk surat berharga occurring from the Bank’s functional activities such as Treasury dan pasar uang maupun penyertaan pada lembaga keuangan and investment activities in forms of marketable securities and lainnya, penyediaan dana (pinjaman dan bentuk sejenis), money market as well as other financial institutions, provision kegiatan pendanaan dan penerbitan surat utang, serta kegiatan of funds (loans and similar forms), funding activity and the pembiayaan perdagangan (trade finance). issuance bonds and trade financing activities.

Bank memisahkan prinsip segregation of duties dengan The Bank separates the principle of segregation of duties by memisahkan fungsi dan tanggung jawab secara independen separating the functions and responsibilities independently atas transaksi perdagangan treasury yang terdiri dari unit front on Treasury trading transactions consisting of the units office, middle office dan back office. Front office melakukan of front office, middle office and back office. Front office aktivitas bisnis dan berhubungan dengan nasabah. Dalam performs business activities associated with the customer. In melakukan aktivitasnya, eksposur risiko yang timbul dibatasi conducting its activities, the arising risk exposure is limited to dengan risk appetite yang telah ditetapkan. Pemantauan a predetermined risk appetite. Monitoring of risk exposure and eksposur risiko dan kepatuhan terhadap limit-limit risiko compliance to risk limits are performed by independent unit, dilakukan oleh unit independen yaitu Satuan Kerja Manajeman namely Risk Management Unit, as middle office. Moreover, the Risiko selaku middle office. Selain itu, Satuan Kerja Manajeman Risk Management Unit also proposes risk appetite of market Risiko juga mengusulkan risk appetite risiko pasar dan risk and verifying the results of the valuation of the portfolio melakukan verifikasi terhadap hasil valuasi portofolio yang managed by the Treasury business. While the process of dikelola bisnis treasury. Sedangkan proses aktivitas pembukuan bookkeeping activity and settlement of Treasury transactions dan settlemen transaksi treasury serta proses valuasi protofolio and portfolio valuation process conducted by Treasury dilakukan oleh Divisi Treasury Settlement sebagai back office. Settlement Division as back office.

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Manajemen Risiko Risk Management

Pengelolaan risiko suku bunga dilakukan terhadap posisi The management of interest rate risk is conducted on financial instrumen keuangan dalam trading book maupun banking instruments within the trading book and the banking book. book. Risiko pasar dalam trading book diukur dengan berbagai Market risk in trading book is measured by various methods, metodologi, antara lain analisis sensitivitas nilai tukar dan Value among others the analysis of exchange rate sensitivity and Value at Risk (VaR), yang memperhitungkan potensi kerugian dalam at Risk (VaR), which calculate the loss potential in certain period suatu periode tertentu dan pada tingkat kepercayaan tertentu. and on certain confidence level. As for the banking book, the Sedangkan pada banking book, risiko suku bunga dikelola interest risk is managed by analyzing the repricing gap between dengan melakukan analisis repricing gap antara Risk Sensitive Risk Sensitive Assets (RSA) and Risk Sensitive Liabilities (RSL). Asset (RSA) dan Risk Sensitive Liabilities (RSL). Analisis dilakukan The analysis is conducted to measure the sensitivity of net untuk mengukur sensitivitas pendapatan bunga bersih atas interest income towards interest rate movements. pergerakan suku bunga.

Bank melakukan proses valuasi secara harian dari sumber yang The Bank conducts an evaluation process on a daily basis from independen untuk seluruh instrumen yang diklasifikasikan independent sources for all instruments classified in the trading dalam portfolio trading book dan available for sale. Sumber book portfolio and available for sale. Sources of market prices harga pasar yang digunakan, antara lain Reuters, Bloomberg, are used, among others, Reuters, Bloomberg, and other similar maupun sumber sejenis. sources.

Pemantauan terhadap risiko pasar dilaksanakan secara harian Monitoring of market risk conducted on a daily basis which yang memuat informasi mengenai posisi surat berharga yang contains information about the position of the Bank’s securities, dimiliki Bank, Posisi Devisa Neto (PDN), baik PDN 30 menit the Net Open Position (PDN), either 30 minutes PDN or PDN maupun PDN akhir hari, serta pemantauan limit-limit risiko end of the day, and monitoring other market risk limits, such pasar lainnya, seperti Value at Risk (VaR) nilai tukar, maksimum as Value at Risk (VaR) exchange rate, the maximum position of posisi surat berharga per issuer, seri, kategori dan maksimum the securities per the issuer, series, category and the maximum durasi per kategori surat berharga. duration for each category of securities.

Kebijakan pengelolan risiko nilai tukar berpedoman pada batas Policy of foreign exchange risk management is based on the posisi devisa neto sesuai ketentuan Bank Indonesia yaitu Bank net open position limits in accordance with Bank Indonesia wajib mengelola dan memelihara PDN 30 menit dan akhir requirements that Bank shall manage and maintain NOP hari paling tinggi 20% dari modal titik untuk memudahkan maximum of 20% of the capital. To facilitate treasury dealers treasury dealer (sebagai front office) dan SKMR (sabagai middle (as front office) and Risk Management Working Unit (As office) dalam melakukan pemantauan terhadap PDN, Bank middle office) in monitoring the NOP, the Bank has developed memiliki program bantu yang menginformasikan PDN terkini. a program that can indicate the latest position of the NOP. Pengembangan secara berkesinambungan terus dilakukan The development of this program is continuously done toward terhadap kelemahan dari program bantu tersebut agar dapat the weakness of the assistive program in order to perform the segara dilakukan perbaikan sehingga fungsinya dapat berjalan improvement immediately to maximize the function. dengan maksimal.

Pengukuran risiko pasar untuk perhitungan Kewajiban Market risk measurement for the calculation of the Capital Penyediaan Modal Minimum (KPMM) dilakukan dengan Adequacy Ratio (CAR) was performed by using standard menggunakan metode standar yang dilaporkan secara bulanan methods which are reported monthly to the regulator. The kepada regulator. Cakupan portofolio yang dihitung dalam scope of portfolio calculated in the KPMM is trading book KPMM adalah portofolio trading book untuk risiko suku bunga portfolio to interest rate risk and trading book portfolio and dan portofolio trading book dan banking book untuk risiko nilai banking book for foreign exchange risk. tukar.

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Bank telah menetapkan limit-limit untuk membatasi risiko The Bank has set limits to anticipate the market risk. For forex pasar. Untuk transaksi forex, Bank telah memiliki limit transactions, the Bank has maximum open position limit of maksimum posisi terbuka overnight dan limit proprietary forex overnight and limit proprietary forex trading. The Bank has trading. Bank juga telah menetapkan limit Value at Risk (VaR) stipulate the Value at Risk (VaR) limit of daily exchange rate nilai tukar harian sebagai batasan potensi kerugian nilai tukar as limits of the potential loss of exchange rate which can be yang mampu diserap oleh kemampuan permodalan Bank, mitigated by the ability of bank capital, as well as the trigger for serta sebagai pemicu internal Bank dalam mengantisipasi internal bank in anticipating the heavier loss. kemungkinan terjadi kerugian yang lebih besar.

Untuk transaksi fixed income, Bank memiliki Anggaran Surat For fixed income transaction, the Bank has Securities Budget Berharga yang didalamnya menetapkan sejumlah limit seperti in which stipulated a number of limits such as portfolio limit limit portofolio per mata uang, peringkat penerbit, limit DV-01, per currency, issuer’s rank, DV-01 limit, and cut loss limit. dan limit cut loss. Bank Sinarmas masih terus mengembangkan Bank Sinarmas still continues to develop and review limits of dan mengkaji ulang limit-limit risiko pasar seiring dengan the market risk in line with the development of products and berkembangnya produk-produk serta aktivitas fungsional Bank the Bank functional activity potential to emerge market risks. yang berpotensi menimbulkan risiko pasar. Selain itu, Bank Besides, the Bank has prepared policies related to valuation and telah menyusun kebijakan terkait proses valuasi dan verifikasi verification process on valuation result (mark to market) toward atas hasil valuasi (mark to market) terhadap portfolio obligasi obligation portfolio owned by the Bank, which in the policies, yang dimiliki Bank, di mana dalam kebijakan tersebut salah one of which set the data source of used market price and satunya mengatur mengenai sumber data harga pasar yang some procedures to comply with, as well as set policies and digunakan beserta beberapa prosedur yang harus dipatuhi, verification procedure on valuation result done by comparing serta mengatur mengenai kebijakan dan prosedur verifikasi the current yield from valuation result with current yield from atas hasil valuasi yang dilakukan dengan membandingkan present value. current yield atas hasil valuasi dengan current yield dari hasil present value.

Bank senantiasa memantau dan mengukur kecukupan modal Coordination between business unit (as front office) and Risk yang dialokasikan untuk menutupi potensi kerugian yang Management Unit (as middle office) is improved continuously timbul dari risiko pasar, baik risiko nilai tukar maupun risiko so if there is any things that potentially emerge risk for the suku bunga. Pengukuran dilakukan dengan skenario di mana Bank, it will be identified and followed up immediately. pergerakan nilai tukar dan suku bunga diasumsikan dalam kondisi normal hingga kondisi terburuk.

3. RISIKO LIKUIDITAS 3. LIQUIDITY RISK Risiko likuiditas berhubungan dengan adanya kemungkinan Liquidity risk relates to the possibility that the Bank is unable to Bank tidak mampu untuk memenuhi kewajiban terhadap meet obligations to depositors, investors and creditors, some deposan, investor dan kreditur, yang diantaranya disebabkan of which were caused by limited funding access or inability keterbatasan akses pendanaan atau ketidakmampuan untuk to liquidate assets at a reasonable price. The management of melikuidasi aset yang dimiliki dengan harga yang wajar. liquidity risk is one of the most significant activities conducted by Pengelolaan risiko likuiditas merupakan salah satu aktivitas the bank. Liquidity risk is managed to minimize the possibility of terpenting yang dilakukan oleh bank. Pengelolaan risiko the Bank’s inability in obtaining source of fund for cash flows. likuiditas bertujuan untuk meminimalkan kemungkinan ketidakmampuan Bank dalam memperoleh sumber pendanaan arus kas.

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Salah satu upaya yang dilakukan Bank untuk memitigasi One of the strategies conducted by the Bank to mitigate the terjadinya risiko likuiditas adalah dibentuknya tim Aset occurrence of liquidity risk is by establishing Asset Liability Liability Management (ALMA) yang berfungsi mengelola dan Management (ALMA) team which functions to manage memonitor struktur Aset dan kewajiban serta membuat strategi and monitor the structure of asset and obligation as well as pendanaan Bank. preparing the Bank’s funding strategy.

Pemantauan terhadap likuiditas Bank dilakukan secara berkala The Bank liquidity is monitored periodically and the report of yang di dalamnya memuat informasi mengenai pergerakan the monitoring is submitted to the Management. The report Dana Pihak Ketiga, cashflow, Indikator Contingency Funding contains information about Third Party Fund, cash flow, Plan, serta rasio-rasio likuiditas seperti Giro Wajib Minimum, Contingency Funding Plan Indicators, liquidity ratios such as Loan to Deposit Ratio, Secondary Reserve, Rasio Deposan Inti Statutory Reserves, Loan to Deposit Ratio, Secondary Reserve, terhadap Total Dana Pihak Ketiga, dan Rasio Alat Likuid serta Ratio of Largest Customers to Total Third Party Fund and pemantauan terhadap posisi core fund dan maturity profile. Liquidity ratio as well as monitoring on the core fund position Untuk memitigasi penarikan dana yang cukup signifikan Bank and maturity profile. To mitigate a quite significant fund menjaga kecukupan Secondary Reserve dan rasio Alat Likuid withdrawal, the Bank maintains the adequacy of Secondary pada level yang aman. Mitigasi risiko likuiditas juga dilakukan Reserve and Liquidity at the safe level. Liquidity risk mitigation dengan cara mengawasi arus kas oleh treasury yang mempunyai is conducted by monitoring cash flow by Treasury that has akses serta wewenang untuk memasuki pasar antar bank direct access to large customers as well as having the access maupun non bank untuk melakukan aktivitas placing maupun and authority to enter into banking market or non banking taking. Maturity profile juga merupakan salah satu pengukuran market in order to conduct placing or taking activities. Maturity yang dilakukan Bank untuk melihat gap likuiditas dalam skala profile is also one of the Bank’s measures to monitor liquidity waktu tertentu berdasarkan sisa waktu sampai dengan jatuh gap within a certain frame of time based on the remaining tempo. Bank telah melakukan kaji ulang pada pengukuran period to maturity. The Bank has conducted review on the maturity profile dengan mempertimbangkan behavior Dana measurement of maturity profile by considering the behavior of Pihak Ketiga serta menetapkan maturity gap limit baik untuk Third Party Fund and determining maturity gap limit, both for contractual maturity profile maupun behavior maturity profile. the contractual maturity profile and behavior maturity profile.

Dalam menghadapi kondisi krisis likuiditas, Bank telah In order to face liquidity crisis condition, the Bank has formulated menyusun dokumen Contingency Funding Plan. Contingency a Contingency Funding Plan document. The Contingency Funding Plan mencakup kebijakan, strategi, prosedur dan Funding Plan includes policy, strategies, procedures and action rencana tindak (action plan) untuk memastikan kemampuan plan to ensure the Bank’s ability to obtain necessary funding Bank memperoleh sumber pendanaan yang diperlukan secara sources in a timely manner with reasonable cost. The document tepat waktu dan dengan biaya yang wajar. Dokumen tersebut is disseminated to related units in order to understand the disosialisasikan kepada unit-unit terkait agar masing-masing duties and responsibilities of each working unit. dapat memahami tugas dan tanggung jawabnya masing- masing.

Pada dasarnya, risiko likuiditas dikelola sesuai dengan kerangka Basically, liquidity risk is managed in accordance with policy kebijakan, pengawasan, dan batasan yang memastikan bahwa framework, surveillance, and restrictions, which ensure that the konsentrasi pendanaan bersifat minimal, sumber dan jangka funding concentration is at minimal level and funding resources waktu pendanaan telah terdiversifikasi. Bank juga secara and period have been diversified. The bank also proactively proaktif mengelola basis simpanan inti dan memastikan bahwa manages core deposit base and ensures that the existing batas likuiditas yang ada dipatuhi. liquidity limits are complied.

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Manajemen Risiko Risk Management

4. RISIKO OPERASIONAL 4. OPERATIONAL RISK Risiko operasional dapat disebabkan karena ketidakcukupan Operational risk may arise due to the inadequacy and/or dan/atau tidak berfungsinya proses internal, kesalahan malfunction of internal process, human error, system failure, or manusia, kegagalan sistem, atau adanya faktor eksternal yang any external factor that influences the Bank’s operations. mempengaruhi operasional Bank.

Pengelolaan risiko operasional didukung dengan struktur Operational risk management is supported by the Bank’s organisasi Bank yang antara lain meliputi: organization structure, which includes: • Kewenangan Direksi dan Komisaris, seperti memastikan • Authority of the Board of Directors and Board of bahwa seluruh kebijakan terkait dengan risiko operasional Commissioners, such as ensuring that all policies related telah sesuai dengan strategi manajemen risiko Bank to the operational risk have been in accordance with the serta menumbuhkan komitmen dalam mengelola Risiko Bank’s risk management strategy as well as developing operasional sesuai dengan strategi bisnis Bank. commitment to manage operational Risk in accordance • with the Bank’s business strategies. • Komite Manajemen Risiko, memastikan bahwa framework • Risk Management Committ, ensuring that the drafted manajemen risiko yang disusun dapat memitigasi potensi framework of risk management will be able to mitigate risk risiko yang akan dihadapi oleh Bank. potential that may be faced by the Bank. • Satuan Kerja Manajemen Risiko (SKMR), memastikan • Risk Management Wotk Unit (SMKR), ensuring that risk bahwa potensi risiko yang dihadapi oleh Bank telah potential that may be faced by the Bank has been identified, diidentifikasi, diukur, diawasi dan dikendalikan sesuai measured, monitored, and controlled in accordance dengan strategi manajemen risiko. SKMR juga memberikan with the risk management strategy. The SKMR will also analisis serta rekomendasi terhadap adanya ekposur potensi provide analysis and recommendation on the exposure of risiko operasional sehingga potensi risiko tersebut dapat operational risk so that the potential risk may be mitigated. dimitigasi. • Satuan Kerja Audit Internal (SKAI), memastikan bahwa • Internal Audit Work Unit (SKAI), ensuring that business risiko bisnis yang dihadapi telah dikelola dengan baik serta risks faced by the Bank has been well managed, as well as memastikan kefektifan pelaksanaan manajemen risiko dan ensuring the effectiveness of risk management and internal internal kontrol oleh unit-unit bisnis. control implementation by business units. • Branch Internal Control, memastikan bahwa keefektifan • Branch Internal Control, ensuring the effectiveness of fungsi internal kontrol pada kantor cabang, sehingga dapat internal control function in branch offices, so as to be able memitigasi potensi risiko operasional. to mitigate operational risk potential. • Unit Kerja, merupakan risk owner yang bertanggung • Work Unit, is the risk owner who is responsible for managing jawab untuk pengelolaan manajemen risiko pada aktivitas risk in it routine operations. operasional harian.

Salah satu alat untuk mengidentifikasi dan mengukur risiko One of the measurement tools developed to identify and operasional adalah melalui Risk Control Self Assessment (RCSA). measure operational risk is the Risk Control Self Assessment RCSA yang diimplementasikan pada 2011, merupakan metode (RCSA). In 2011, the RCSA that was implemented was used as yang digunakan untuk mengidentifikasi dan menguantifikasi a method to identify and quantify operational risk that existed risiko operasional yang terdapat pada seluruh unit kerja Bank. in all work units of the Bank. Other function of RCSA was to Fungsi lain dari RCSA adalah meningkatkan risk awareness improve risk awareness of all work units towards operational kepada seluruh unit kerja terhadap risiko operasional. risk.

Terkait dengan hal tersebut, dalam rangka meningkatkan Pertaining to this matter, as an effort to improve the penerapan pelaksanaan RCSA, saat ini Bank telah mulai implementation of RCSA, the Bank currently develops a more

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mengembangkan prosedur pelaksanaan RCSA yang lebih effective and integrated RCSA implementation procedure so efektif dan terintegrasi sehingga dapat mengidentifikasi dan as to be able to identify and measure operational risk in more mengukur risiko operasional dengan lebih detail. detail.

Di samping itu, Bank juga membangun dan mengembangkan In addition, the Bank has developed other operational risk tool perangkat risiko operasional lainnya seperti Loss Event Database such as the Loss Event Database (LED) which aims to compile (LED) yang bertujuan untuk menyusun database atas kejadian- a database of events that occur as a result of operational risk kejadian yang terjadi sebagai akibat risiko operasional untuk and measure the amount of loss caused by the events. As mengukur besarnya kerugian yang diakibatkan oleh kejadian part of the operational risk measurement process, through operasional tersebut. Sebagai bagian dari proses pengukuran the LED, the Bank is expected start quantifying the amount of risiko operasional, diharapkan melalui LED tersebut, Bank dapat capital required to cover losses caused by events in the Bank mulai menguantifikasi besarnya modal yang diperlukan untuk operational activities. melindungi kerugian-kerugian yang diakibatkan oleh kejadian- kejadian dalam aktivitas operasional Bank.

Untuk memitigasi potensi risiko operasional, terdapat sejumlah To mitigate the potential of operational risk, there are several hal yang dilakukan oleh Bank, antara lain: actions taken by the Bank, such as: • Melakukan kaji ulang terhadap kebijakan, prosedur serta • Reviewing the policies, procedures, and limits owned by the limit yang dimiliki oleh Bank, baik untuk kebijakan yang Bank, either for the established policies or new policies to sudah lama diberlakukan maupun kebijakan yang baru be implemented. akan diberlakukan. • Adanya pengembangan rencana Business Continuity • Developing integrated Business Continuity Management Management yang terintegrasi untuk memastikan bahwa plan in order to ensure that operational activities will aktivitas operasional tetap dapat dilaksanakan meskipun continue to be implemented despite the wide gap in the terdapat potensi risiko operasional yang cukup besar. potential of operational risk. • Adanya penerapan Strategi Anti Fraud oleh Divisi Anti Fraud • Implementing Anti Fraud Strategy by Anti Fraud Division yang berfungsi untuk mengendalikan risiko fraud, baik dari which functions to control fraud risk, either internally or internal maupun eksternal. Penerapan strategi anti fraud externally. The implementation of anti fraud strategy is also juga didukung oleh kebijakan serta sistem yang digunakan, supported by the policy and system used, such as Fraud seperti Fraud Detection System untuk Kartu Kredit, Fraud Detection System for Credit Card, Fraud Detection System Detection System untuk Merchant Business Acquiring serta for Merchant Business Acquiring as well as Fraud Detection Fraud Detection System untuk Kartu Debit yang baru akan System for Debit Card that will be developed. dikembangkan. • Pelaksanaan pengawasan internal yang memadai, antara • Implementing an adequate internal supervision, such as by lain melalui pemisahan yang jelas terhadap tugas dan conducting clear separation on duties and responsibilities tanggung jawab (four eyes principle), serta sistem rotasi (four eyes principle), as well as rotation and mutation dan mutasi untuk memitigasi potensi fraud yang dilakukan system to mitigate fraud potential conducted by the Bank’s oleh petugas internal Bank. internal employee. • Bank juga memiliki Tim Task Force “Peningkatan Kualitas • Establishing Task Force team “Improvement of the Bank’s Kinerja Bank” yang memiliki tujuan untuk melakukan Performance Quality” which aims to conduct improvement perbaikan kinerja pada seluruh aktivitas Perusahaan. Melalui on the performance of all activities of the Company. Tim Task Force tersebut, Bank dapat semakin meningkatkan Through the Task Force team, the Bank will be able improve sistem pengendalian internal serta sekaligus sebagai wadah internal control system as well as ser ving as the medium to untuk meningkatkan budaya sadar risiko. enhance risk awareness culture.

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5. RISIKO HUKUM 5. LEGAL RISK Risiko hukum diidentifikasi sebagai risiko yang timbul dari Legal risk is identified as risk that occurs due to theweakness of kelemahan aspek hukum, antara lain akibat dari tindakan legal aspect such as the result of any legal act, lack of supporting hukum, tidak adanya peraturan yang mendukung atau law or weakness of requirements that are legally binding such kelemahan dari ketentuan-ketentuan yang mengikat secara as failure to comply with legal requirements of an agreement, hukum, seperti kegagalan untuk mematuhi persyaratan hukum and loopholes in collateral bindings. suatu perjanjian dan celah-celah dalam pengikatan jaminan.

Perkembangan dan dinamika transaksi memerlukan The development and dynamics of transaction require peningkatan optimalisasi atas peran dan fungsi Legal yang ada. optimization of the established legal roles and functions. Hence, Oleh karena itu, peran dan fungsi legal yang sebelumnya berada the previous legal roles and functions which existed in ceratin di kantor cabang tertentu dirubah menjadi Legal dan Duta branch offices are transformed into Legal and Compliance Compliance di kantor wilayah dengan memberikan peranan Ambassador in regional office with a wider scoope of duty. In yang lebih luas. Selain berperan sebagai Legal Counselor, Legal addition to serving as Legal Counselor the Legal department juga bertindak sebagai Duta Compliance yang memberikan also serves as Compliance Ambassador that is responsible sosialisasi legal dan compliance awareness kepada karyawan for disseminating legal and compliance awareness to the kantor cabang yang berada di wilayahnya. employees of branch offices in their regions.

Pelaksanaan identifikasi, pengukuran, dan pemantauan Implementation of identification, measurement, and monitoring terhadap potensi risiko hukum dilaksanakan terhadap seluruh of potential legal risks is undertaken to all of the Bank’s activities, aktivitas Bank, terutama kegiatan operasional Bank dengan especially the Bank’s operational activities, by involving third melibatkan pihak ketiga yang memiliki potensi benturan parties, which are prone to have conflict of interest or potential kepentingan atau gugatan hukum. Bentuk dari identifikasi, litigation. The forms of identification measurement and pengukuran, dan pemantauan tersebut, antara lain melalui monitoring are, among others, the evaluation of policies and evaluasi kebijakan dan prosedur serta terhadap perjanjian procedure as well as on the partnership agreement. kerjasama.

Dalam setiap aktivitas, baik perkreditan, operasional maupun In all of its activities, such as lending, operations, and treasury, treasury, Bank juga selalu memperhatikan kelengkapan aspek the bank always takes into account the completeness of hukum terutama yang berkaitan dengan aktivitas perikatan the legal aspect, particularly the ones that are related to the perjanjian dengan nasabah atau debitur dan kelengkapan commitment to customers or debitors, and completeness of dokumen legalitas sebagai bentuk pengendalian risiko. Selain legal documents as the form of risk control. Furthermore, the itu pula penempatan Legal Counselor yang berkewajiban untuk function of Legal Counsellor who is obliged to disseminate memberikan sosialisasi serta memastikan setiap kegiatan telah and ensureall activities have been reviewed legally has been mendapat kajian dari sisi hukum. implemented in all levels of organization in the Bank.

6. RISIKO STRATEJIK 6. STRATEGIC RISK Secara umum, risiko stratejik adalah potensi kerugian yang In general, strategic risk is the loss potential that may arise ditimbulkan akibat ketidaktepatan dalam pembuatan dan due to the inaccuracies in the preparation and implementation pelaksanaan suatu keputusan stratejik, serta kegagalan Bank of a strategic decision, as well as the failure of the Bank in dalam menanggapi perubahan lingkungan bisnis. responding to the changes in business environment.

Selama 2014, Bank meningkatkan berbagai kerja sama During 2014, the continued to improve various cooperations dengan pihak ketiga sebagai bagian dari strategi Bank dalam with third parties as a part of Bank’s strategy in increasing

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Manajemen Risiko Risk Management

meningkatkan Fee Based Income. Selain itu, demi mendukung fee-based income. In addition, to support the policies and kebijakan serta strategi yang telah disusun oleh Bank sesuai strategies drafted by the Bank in accordance with the Vision Visi dan Misi, maka Bank bekerja sama dengan pihak ketiga and Mission, the Bank cooperated with third parties which penyedia jasa konsultasi untuk meningkatkan kualitas tenaga offered consultation services in order to improve the quality marketing, menggalakkan bussiness partner, meningkatkan of marketing department, encouraging business partners, transaksi melalui layanan payment system & Electronic improving transactions through payment system and Electronic Banking, mengembangkan Micro Banking, serta meningkatkan Banking, developing Micro Banking, as well as enhancing the efektivitas terhadap pelaksanaan operasional Bank. effectiveness of the Bank’ operatios.

Sebagai langkah dalam memitigasi terjadinya potensi risiko As one of the steps in mitigating strategic risk, the bank has stratejik, Bank telah menyusun strategi dan rencana bisnis drafted business strategies and plans that Had been discussed yang sebelumnya telah didiskusikan dengan Dewan Komisaris, beforehand with the Board of Commissioners, Board of Direksi serta seluruh management Bank. Bank juga melakukan Directors and all managements of the Bank. Review and kajian dan evaluasi stratejik bisnis serta realisasi yang telah evaluation of strategic risk are also continued to be conducted dicapai oleh Bank sesuai dengan yang terangkum dalam by the Bank, as well as the realizations that had been achieved Rencana Bisnis Bank (RBB). as summarized in the Bank’s Business Plan.

7. RISIKO KEPATUHAN 7. COMPLIANCE RISK Risiko kepatuhan merupakan risiko yang timbul ketika Bank Compliance risk is defined as risk that occurs when the Bank tidak mematuhi atau tidak melaksanakan peraturan perundang- does not comply with or implement the existing and applicable undangan dan ketentuan hukum lain yang berlaku. laws and regulations.

Bank secara berkala menyempurnakan kebijakan dan prosedur The Bank periodically improves policies and procedures, as serta limit-limit yang mengacu kepada ketentuan regulator well as the limits that refer to the provisions of regulator and serta institusi terkait lainnya (Menteri Keuangan, Otoritas Jasa other related institutions (Minister of Finance, Financial Services Keuangan, Peraturan Pemerintah, Undang-Undang Perbankan, Authority, Government Regulation, Banking Laws, and others). dan lainnya). Kebijakan, prosedur, dan limit tersebut dilakukan The policies, procedures, and limits are periodically reviewed to kajian kembali untuk dievaluasi kesesuaiannya dengan skala evaluate the compliance with the scale and complexity of the dan kompleksitas Bank serta untuk meningkatkan kehati- Bank as well as to enhance prudent principles and compliance hatian dan mitigasi risiko kepatuhan. risk mitigation.

Dalam rangka menerapkan manajemen risiko kepatuhan yang In order to implement compliance risk management effectively, efektif, Bank Sinarmas melakukan identifikasi dan pengelolaan Bank Sinarmas identifies and manages factors that are prone to terhadap faktor-faktor yang dapat menyebabkan meningkatnya increase exposures to compliance risk, such as: eksposur risiko kepatuhan, antara lain: • Penerapan Good Corporate Governance (GCG) secara efektif untuk memastikan dan memantau kepatuhan • Implementing Good Corporate Governance (GCG) terhadap setiap peraturan dan persyaratan secara eksternal effectively to ensure and monitor compliance to each maupun internal. regulation and requirement both externally and internally. • Melakukan pemantauan terhadap setiap perubahan • Monitoring every change in any regulation and existing law ketentuan peraturan dan perundang-undangan yang to ensure its application in Bank environment. berlaku serta memastikan penerapannya di lingkungan Bank.

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• Melakukan penilaian secara aktif dan berkala terhadap • Assessing actively and regularly on adequacy of the Bank kecukupan kebijakan Pedoman dan Prosedur Internal Internal Guidelines and Procedures to ensure its compliance yang dimiliki oleh Bank untuk memastikan kesesuaiannya with the existing laws and regulations. terhadap peraturan dan perundang-undangan yang berlaku. • Melakukan identifikasi dan analisis kepatuhan (compliance • Conducting identification and compliance analysis on analysis) atas rencana dan pengembangan produk dan plan to develop new products and activities to ensure its aktivitas baru guna memastikan kepatuhannya terhadap compliance with the existing laws and regulations. peraturan dan perundang-undangan yang berlaku.

8. RISIKO REPUTASI 8. REPUTATION RISK Risiko reputasi dapat timbul akibat adanya pemberitaan negatif Reputation risk may occur from any negative report related to yang menyangkut operasional Bank atau persepsi negatif the operations of the Bank or any negative perception towards tentang Bank. the Bank.

Dalam rangka memenuhi kebutuhan akan pengelolaan risiko To meet the needs for proper management of reputation risk, reputasi yang memadai, Bank antara lain memiliki unit kerja the Bank established work units as follows: sebagai berikut: • Customer Care, memberikan layanan informasi perbankan • Contact Center, provides banking information service and serta menerima keluhan atau pengaduan nasabah, receive complaints from the customers, • Corporate Secretary, memberikan informasi yang perlu • Corporate Secretary, provides necessary information to the disampaikan kepada publik atau Stakeholders terkait public/stakeholders related to the Bank’s activities. aktivitas Bank, • Petugas Bank di kantor-kantor cabang yang setiap saat • Bank’s officers at branch offices to provide information to dapat memberikan informasi kepada nasabah. customers at any given time.

Selain itu, pengendalian risiko reputasi juga dilakukan antara Furthermore, the reputation risk control is carried out by lain dengan melalui pemantauan yang dilakukan oleh Unit Kerja Corporate Secretary Division through monitoring of news Corporate Secretary terhadap berita yang berkaitan dengan related to the Bank in the media, as well as actively perform Bank Sinarmas di media massa, serta secara aktif melakukan Corporate Social Responsibility Program in the field of health Corporate Social Responsibility yang dilaksanakan di bidang and education. pendidikan dan kesehatan.

Transparansi produk yang ditawarkan kepada nasabah sesuai Transparency of products offered to customers had been dengan Peraturan Bank Indonesia mengenai Transparansi in accordance with Bank Indonesia’s Regulation regarding produk melalui website Bank, serta upaya peningkatkan Transparency of products through Bank’s website, as well standar layanan nasabah dengan melakukan training service as further improvement of customer service standards by excellence kepada petugas Bank. conducting training service excellence for the Bank’s officers.

Bank juga telah mentransparasikan tata cara penanganan To facilitate internal coordination, the Bank has provided pengaduan nasabah dan penyelesaian sengketa kepada kantor customer complaints handling procedures and dispute cabang atau unit kerja serta kepada nasabah sesuai ketentuan resolution to the branch office / work units in case of dispute. Bank Indonesia tentang Pengaduan Nasabah dan Mediasi The Bank also has provided procedures for customer complaints Perbankan, termasuk dalam hal apabila terjadi krisis. and resolved disputes according to Bank Indonesia requirements on Customer Complaints and Banking Mediation in the event of a crisis.

234 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Tabel 1.a Pengungkapan Kuantitatif Struktur Permodalan Bank Umum Table 1.a Quantitative Disclosure on the Capital Structure of Public Bank

(Dalam jutaan Rupiah / In million Rupiah)

Kategori Portofolio No. 31 Desember 2014 31 Desember 2013 Portfolio Category (1) (2) (3) (4) I A KOMPONEN MODAL / CAPITAL COMPONENT 2.850.101 2.528.077 1 Modal disetor / Paid-up Capital 1.404.017 1.311.688 2 Cadangan Tambahan Modal / Additional Capital Reserves 1.446.084 1.216.389 3 Modal Inovatif / Innovative Capital 0 0 4 Faktor Pengurang Modal Inti / Factors Reducing Core Capital 0 0 5 Kepentingan Non Pengendali / Non-Controlling Interests 0 0 B Modal Pelengkap / Supplementary Capital 126.838 109.420 1 Level Atas (Upper Tier 2) / Upper Tier 2 126.838 109.420 Level Bawah (Lower Tier 2) maksimum 50% Modal Inti / Lower 2 0 0 Tier 2 Maximum 50% of Core Capital Faktor Pengurang Modal Pelengkap / Factors Reducing 3 0 0 Supplementary Capital Faktor Pengurang Modal Inti dan Modal Pelengkap / Factors Reducing C 0 0 Core Capital and Supplementary Capital Eksposur Sekuritisasi / Securitization Exposure 0 0 Modal Pelengkap Tambahan Yang Memenuhi Persyaratan (Tier 3) / D 0 0 Additional Supplementary Capital that Satisfies Requirements (Tier 3) MODAL PELENGKAP TAMBAHAN YANG DIALOKASIKAN UNTUK E MENGANTISIPASI RISIKO PASAR / ADDITIONAL SUPPLEMENTARY 0 0 CAPITAL ALLOCATED TO ANTICIPATE MARKET RISKS TOTAL MODAL INTI DAN MODAL PELENGKAP (A + B -C) / TOTAL CORE II 2.976.939 2.637.497 CAPITAL AND SUPPLEMENTARY CAPITAL (A+B-C) TOTAL MODAL INTI, MODAL PELENGKAP,DAN MODAL PELENGKAP TAMBAHAN YANG DIALOKASIKAN UNTUK MENGANTISIPASI RISIKO III PASAR (A + B -C + E) / TOTAL CORE CAPITAL, SUPPLEMENTARY 2.976.939 2.637.497 CAPITAL, AND ADDITIONAL SUPPLEMENTARY CAPITAL ALLOCATED TO ANTICIPATE MARKET RISK (A+B-C+E) ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO KREDIT / IV 14.291.449 10.384.365 RISK WEIGHTED ASSETS (RWA) FOR CREDIT RISKS ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO V OPERASIONAL / RISK WEIGHTED ASSETS (RWA) FOR OPERATIONAL 1.832.145 1.490.878 RISKS ASET TERTIMBANG MENURUT RISIKO (ATMR) UNTUK RISIKO PASAR / VI RISK WEIGHTED ASSETS (RWA) FOR MARKET RISKS A Metode Standar / Standardized Approach 73.526 213.655 B Model Internal / Internal Model 0 0 RASIO KEWAJIBAN PENYEDIAAN MODAL MINIMUM UNTUK RISIKO KREDIT, RISIKO OPERASIONAL DAN RISIKO PASAR [III : (IV + V + VI)] VII 18,38% 21,82% / RATIO OF MINIMUM CAPITAL ALLOCATIONS FOR CREDIT RISKS, OPERATIONAL RISKSK, AND MARKET RISKS [III : (IV+V+VI)]

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Tabel 2.1.a Pengungkapan Tagihan Bersih Berdasarkan Wilayah-Bank Secara Individual Table 2.1.a Disclosure of Net Claims per Region - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2014 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims per Region Net Claims per Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (07) (11) (12) (13) (14) Tagihan kepada Pemerintah / Claims 01 0 0 0 3.853.974 0 0 0 0 0 0 0 0 3.853.974 against Government Tagihan kepada Entitas Sektor Publik / 02 0 0 0 17.613 0 0 0 0 0 0 0 0 17.613 Claims against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Claims against Multilateral Development Banks and International Institutions Tagihan kepada Bank / Claims against 04 5.015 3 433 1.048.123 0 396 0 75 0 89.758 0 87.158 1.230.961 Bank Kredit Beragun Rumah Tinggal / 05 200 2.174 0 749 0 215 433 0 0 0 883 1.611 6.265 Collateralized Housing Loans Kredit Beragun Properti Komersial / 06 Collateralized Commercial Property 0 25.419 290 0 0 3.348 0 0 0 0 760 0 29.817 Loans Kredit Pegawai/ Pensiunan / Loans to 07 7.060 2.670 4.147 0 73 4.554 4.153 3.230 1.480 4.522 3.395 2.571 37.854 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha 08 Kecil dan Portofolio Ritel / Claims agaist 648.171 288.009 89.514 708.037 431.389 701.725 380.178 289.371 214.460 193.658 109.337 118.856 4.172.703 MSMEs and Retail Portfolio Tagihan kepada Korporasi / Claims 09 114.719 67.288 2.735 8.373.718 48.867 86.948 25.720 134.560 99.777 39.471 853 247.069 9.241.725 against Corporations Tagihan yang Telah Jatuh Tempo / 10 9.073 5.780 620 116.352 1.540 14.236 10.373 6.173 2.441 19.508 3.238 2.557 191.890 Mature Claims 11 Aset Lainnya / Other Assets 0 0 0 1.678.967 0 0 0 0 0 0 0 0 1.678.967 Eksposur di Unit Usaha Syariah (apabila 12 ada) / Exposure in Sharia Business Unit 0 0 0 1.973.094 0 0 0 0 0 0 0 0 1.973.094 (if available) Total 784.237 391.344 97.737 17.770.628 481.868 811.423 420.856 433.410 318.158 346.917 118.466 459.822 22.434.864

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31 Desember 2014 31 Desember 2014 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims per Region Net Claims per Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (07) (11) (12) (13) (14) Tagihan kepada Pemerintah / Claims 01 0 0 0 3.853.974 0 0 0 0 0 0 0 0 3.853.974 against Government Tagihan kepada Entitas Sektor Publik / 02 0 0 0 17.613 0 0 0 0 0 0 0 0 17.613 Claims against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Claims against Multilateral Development Banks and International Institutions Tagihan kepada Bank / Claims against 04 5.015 3 433 1.048.123 0 396 0 75 0 89.758 0 87.158 1.230.961 Bank Kredit Beragun Rumah Tinggal / 05 200 2.174 0 749 0 215 433 0 0 0 883 1.611 6.265 Collateralized Housing Loans Kredit Beragun Properti Komersial / 06 Collateralized Commercial Property 0 25.419 290 0 0 3.348 0 0 0 0 760 0 29.817 Loans Kredit Pegawai/ Pensiunan / Loans to 07 7.060 2.670 4.147 0 73 4.554 4.153 3.230 1.480 4.522 3.395 2.571 37.854 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha 08 Kecil dan Portofolio Ritel / Claims agaist 648.171 288.009 89.514 708.037 431.389 701.725 380.178 289.371 214.460 193.658 109.337 118.856 4.172.703 MSMEs and Retail Portfolio Tagihan kepada Korporasi / Claims 09 114.719 67.288 2.735 8.373.718 48.867 86.948 25.720 134.560 99.777 39.471 853 247.069 9.241.725 against Corporations Tagihan yang Telah Jatuh Tempo / 10 9.073 5.780 620 116.352 1.540 14.236 10.373 6.173 2.441 19.508 3.238 2.557 191.890 Mature Claims 11 Aset Lainnya / Other Assets 0 0 0 1.678.967 0 0 0 0 0 0 0 0 1.678.967 Eksposur di Unit Usaha Syariah (apabila 12 ada) / Exposure in Sharia Business Unit 0 0 0 1.973.094 0 0 0 0 0 0 0 0 1.973.094 (if available) Total 784.237 391.344 97.737 17.770.628 481.868 811.423 420.856 433.410 318.158 346.917 118.466 459.822 22.434.864

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 31 Desember 2013 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims per Region Net Claims per Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (07) (11) (12) (13) (14) Tagihan kepada Pemerintah / Claims 01 0 0 0 3.408.598 0 0 0 0 0 0 0 0 3.408.598 against Government Tagihan kepada Entitas Sektor Publik / 02 0 0 0 21.062 0 0 0 0 0 0 0 0 21.062 Claims against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Claims against Multilateral Development Banks and International Institutions Tagihan kepada Bank / Claims against 04 3 30.468 140 1.411.017 0 1.151 0 0 0 93.732 0 69.947 1.606.458 Bank Kredit Beragun Rumah Tinggal / 05 286 920 0 0 0 1.821 37 268 0 351 177 0 3.860 Collateralized Housing Loans Kredit Beragun Properti Komersial / 06 Collateralized Commercial Property 0 30.367 0 0 0 16.998 2.920 0 0 0 0 0 50.286 Loans Kredit Pegawai/ Pensiunan / Loans to 07 10.221 3.964 6.385 0 191 6.715 6.208 6.618 2.424 6.867 4.642 3.417 57.653 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha 08 Kecil dan Portofolio Ritel / Claims agaist 458.390 308.589 110.805 1.267.067 423.791 785.461 462.757 329.375 218.577 219.947 114.210 164.686 4.863.654 MSMEs and Retail Portfolio Tagihan kepada Korporasi / Claims 09 265.828 309.653 0 4.024.506 604.168 73.649 23.204 136.173 2.518 54.232 0 205.755 5.699.685 against Corporations Tagihan yang Telah Jatuh Tempo / 10 4.734 2.293 1.602 24.406 0 6.304 2.978 4.590 1.461 3.060 1.327 163 52.916 Mature Claims 11 Aset Lainnya / Other Assets 0 0 0 1.379.874 0 0 0 0 0 0 0 0 1.379.874 Eksposur di Unit Usaha Syariah (apabila 12 ada) / Exposure in Sharia Business Unit 0 0 0 1.271.209 0 0 0 0 0 0 0 0 1.271.209 (if available) Total 739.461 686.254 118.931 12.807.739 1.028.150 892.099 498.104 477.025 224.980 378.188 120.356 443.968 18.415.255

238 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 31 Desember 2013 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims per Region Net Claims per Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (07) (11) (12) (13) (14) Tagihan kepada Pemerintah / Claims 01 0 0 0 3.408.598 0 0 0 0 0 0 0 0 3.408.598 against Government Tagihan kepada Entitas Sektor Publik / 02 0 0 0 21.062 0 0 0 0 0 0 0 0 21.062 Claims against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Claims against Multilateral Development Banks and International Institutions Tagihan kepada Bank / Claims against 04 3 30.468 140 1.411.017 0 1.151 0 0 0 93.732 0 69.947 1.606.458 Bank Kredit Beragun Rumah Tinggal / 05 286 920 0 0 0 1.821 37 268 0 351 177 0 3.860 Collateralized Housing Loans Kredit Beragun Properti Komersial / 06 Collateralized Commercial Property 0 30.367 0 0 0 16.998 2.920 0 0 0 0 0 50.286 Loans Kredit Pegawai/ Pensiunan / Loans to 07 10.221 3.964 6.385 0 191 6.715 6.208 6.618 2.424 6.867 4.642 3.417 57.653 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha 08 Kecil dan Portofolio Ritel / Claims agaist 458.390 308.589 110.805 1.267.067 423.791 785.461 462.757 329.375 218.577 219.947 114.210 164.686 4.863.654 MSMEs and Retail Portfolio Tagihan kepada Korporasi / Claims 09 265.828 309.653 0 4.024.506 604.168 73.649 23.204 136.173 2.518 54.232 0 205.755 5.699.685 against Corporations Tagihan yang Telah Jatuh Tempo / 10 4.734 2.293 1.602 24.406 0 6.304 2.978 4.590 1.461 3.060 1.327 163 52.916 Mature Claims 11 Aset Lainnya / Other Assets 0 0 0 1.379.874 0 0 0 0 0 0 0 0 1.379.874 Eksposur di Unit Usaha Syariah (apabila 12 ada) / Exposure in Sharia Business Unit 0 0 0 1.271.209 0 0 0 0 0 0 0 0 1.271.209 (if available) Total 739.461 686.254 118.931 12.807.739 1.028.150 892.099 498.104 477.025 224.980 378.188 120.356 443.968 18.415.255

Annual Report 2014 | PT. BANK SINARMAS Tbk. 239 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 2.2.a. Pengungkapan Tagihan Bersih Berdasarkan Sisa Jangka Waktu Kontrak - Bank secara Individual Table 2.2.a. Disclosure of Net Claims by Remaining Contract Time - Bank Unconsolidated

(Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 Kategori Portofolio No. Portfolio Category Tagihan bersih berdasarkan sisa jangka waktu kontrak Net claims by remaining contract time >1 thn s.d. >3 thn s.d. Non- < 1 tahun / 3 thn / >1 5 thn / >3 > 5 thn / Kontraktual Total year year - 3 years - 5 years / Non- years years Contractual (1) (2) (3) (4) (5) (6) (7) (8) Tagihan kepada 01 Pemerintah / Claims 2.869.529 0 49.588 934.856 0 3.853.974 against Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 17.613 0 17.613 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional 03 / Claims against 0 0 0 0 0 0 Multilateral Development Banks and International Institutions Tagihan kepada Bank / 04 783.223 73.889 185.182 188.666 0 1.230.961 Claims against Bank Kredit Beragun Rumah 05 Tinggal / Collateralized 1.262 2.051 1.738 1.212 0 6.265 Housing Loans Kredit Beragun Properti Komersial 06 / Collateralized 4.108 670 25.039 0 0 29.817 Commercial Property Loans Kredit Pegawai/ 07 Pensiunan / Loans to 1.684 4.033 19.493 12.644 0 37.854 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha Kecil dan 08 Portofolio Ritel / Claims 1.186.191 1.831.092 421.581 733.839 0 4.172.703 agaist MSMEs and Retail Portfolio Tagihan kepada 09 Korporasi / Claims 4.869.996 2.093.474 1.146.415 1.131.840 0 9.241.725 against Corporations Tagihan yang Telah 10 Jatuh Tempo / Mature 73.512 108.528 1.302 8.548 0 191.890 Claims Aset Lainnya / Other 11 0 0 0 0 1.678.967 1.678.967 Assets Eksposur di Unit Usaha Syariah (apabila ada) 12 / Exposure in Sharia 852.275 687.424 355.995 77.399 0 1.973.094 Business Unit (if available) Total 10.641.781 4.801.162 2.206.335 3.106.618 1.678.967 22.434.863

240 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Kategori Portofolio No. Portfolio Category Tagihan bersih berdasarkan sisa jangka waktu kontrak Net claims by remaining contract time >1 thn s.d. >3 thn s.d. Non- < 1 tahun / 3 thn / >1 5 thn / >3 > 5 thn / Kontraktual Total year year - 3 years - 5 years / Non- years years Contractual (1) (2) (3) (4) (5) (6) (7) (8) Tagihan kepada 01 Pemerintah / Claims 2.496.340 0 99.072 813.186 0 3.408.598 against Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 21.062 0 21.062 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional 03 / Claims against 0 0 0 0 0 0 Multilateral Development Banks and International Institutions Tagihan kepada Bank / 04 817.936 23.348 240.881 524.293 0 1.606.458 Claims against Bank Kredit Beragun Rumah 05 Tinggal / Collateralized 167 962 2.731 0 0 3.860 Housing Loans Kredit Beragun Properti Komersial 06 / Collateralized 20.059 0 25.574 4.652 0 50.286 Commercial Property Loans Kredit Pegawai/ 07 Pensiunan / Loans to 644 8.885 28.817 19.307 0 57.653 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha Kecil dan 08 Portofolio Ritel / Claims 1.893.548 2.009.890 360.750 599.465 0 4.863.654 agaist MSMEs and Retail Portfolio Tagihan kepada 09 Korporasi / Claims 2.924.511 1.393.690 832.039 549.445 0 5.699.685 against Corporations Tagihan yang Telah 10 Jatuh Tempo / Mature 41.425 10.302 633 557 0 52.916 Claims Aset Lainnya / Other 11 0 0 0 0 1.379.874 1.379.874 Assets Eksposur di Unit Usaha Syariah (apabila ada) 12 / Exposure in Sharia 287.541 475.441 395.414 58.410 54.403 1.271.209 Business Unit (if available) Total 8.482.172 3.922.518 1.985.911 2.590.376 1.434.277 18.415.255

Annual Report 2014 | PT. BANK SINARMAS Tbk. 241 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 2.3.a. Pengungkapan Tagihan Bersih Berdasarkan Sektor Ekonomi - Bank secara Individual Table 2.3.a. Disclosure of Net Claims by Economic Sector - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2014

Tagihan Kepada Bank Pembangunan Tagihan kepada Sektor Ekonomi Tagihan kepada Multilateral Kredit Beragun Kredit Beragun Kredit Pegawai/ Usaha Mikro. No. Tagihan kepada Entitas Sektor dan Lembaga Tagihan kepada Properti Komersial Tagihan kepada Tagihan yang Telah Eksposur di Unit Economic Sector Rumah Tinggal Pensiunan / Loans Usaha Kecil dan Aset Lainnya / Pemerintah / Claims Publik / Claims Internasional Bank / Claims / Collateralized Korporasi / Claims Jatuh Tempo / Usaha Syariah / Collateralized to Employees/ Portofolio Ritel / Other Assets against Government against Public Sector / Claims against against Banks Commercial Property against Corporations Mature Claims (apabila ada) Housing Loans Pensioners Claims agaist MSMEs Entity Multilateral Loans and Retail Portfolio Development Banks and International Institutions

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)

Pertanian, Perburuan dan 01 Kehutanan / Agriculture, Menial 0 0 0 0 46 760 0 435.152 171.556 0 0 322 Labor and Forestry

02 Perikanan / Fisheries 0 0 0 0 0 0 0 62 15.527 136 0 839

Pertambangan dan Penggalian / 03 0 0 0 0 0 0 0 449 299.756 104.783 0 0 Mining and Extractive Industries Industri Pengolahan / Processing 04 0 0 0 0 230 0 0 8.611 1.832.852 9.294 0 46 Industry Listrik, Gas dan Air / Power, Gas 05 0 0 0 0 0 0 0 40 0 2 0 0 and Water 06 Konstruksi / Construction 0 0 0 0 0 0 348 7.696 835.883 0 0 0 Perdagangan besar dan eceran / 07 0 0 0 0 3.082 4.018 0 432.425 2.468.325 18.814 0 234.198 Large Scale Trading and Retailing Penyediaan akomodasi dan 08 penyediaan makan minum / 0 0 0 0 253 24.749 0 6.278 45.598 1.090 0 72.138 Hospitality Transportasi, pergudangan dan 09 komunikasi / Transportation, 0 0 0 0 200 0 0 33.785 364.365 0 0 0 Warehousing and Communications Perantara keuangan / Financial 10 3.853.974 17.613 0 1.230.961 0 0 0 492.717 1.419.261 10.964 0 526.118 Intermediaries Real estate, usaha persewaan 11 dan jasa perusahaan / Real Estate, 0 0 0 0 0 0 0 5.041 1.156.853 540 0 299.629 Leasing, and Corporate Services Administrasi pemerintahan, pertahanan dan jaminan sosial 12 wajib / Government Administration, 0 0 0 0 0 0 0 0 0 0 0 0 Defense and Mandatory Social Security 13 Jasa pendidikan / Education 0 0 0 0 0 0 0 43 18.417 0 0 0 Jasa kesehatan dan kegiatan sosial / 14 0 0 0 0 0 0 0 0 0 0 0 813 Health and Social Activities Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya / 15 0 0 0 0 45 0 0 4.337 603.920 87 0 5.417 Social, Cultural, Entertainment, and Other Personal Services Jasa perorangan yang melayani 16 rumah tangga / Personal Household 0 0 0 0 2.086 0 36.977 2.554.356 2.877 43.913 0 683.154 Services Badan internasional dan badan ekstra internasional lainnya 17 / International Organizations 0 0 0 0 0 0 0 0 0 0 0 0 and Other Extra International Organizations Kegiatan yang belum jelas 18 batasannya / Indeterminate 0 0 0 0 324 290 136 10.779 5.024 2.115 0 0 Activities Bukan lapangan usaha / Non 19 0 0 0 0 0 0 393 180.931 1.512 153 0 25 Business Field 20 Lainnya / Miscellanous 0 0 0 0 0 0 0 0 0 0 1.678.967 150.395 Total 3.853.974 17.613 0 1.230.961 6.265 29.817 37.854 4.172.703 9.241.725 191.890 1.678.967 1.973.094 242 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2014

Tagihan Kepada Bank Pembangunan Tagihan kepada Sektor Ekonomi Tagihan kepada Multilateral Kredit Beragun Kredit Beragun Kredit Pegawai/ Usaha Mikro. No. Tagihan kepada Entitas Sektor dan Lembaga Tagihan kepada Properti Komersial Tagihan kepada Tagihan yang Telah Eksposur di Unit Economic Sector Rumah Tinggal Pensiunan / Loans Usaha Kecil dan Aset Lainnya / Pemerintah / Claims Publik / Claims Internasional Bank / Claims / Collateralized Korporasi / Claims Jatuh Tempo / Usaha Syariah / Collateralized to Employees/ Portofolio Ritel / Other Assets against Government against Public Sector / Claims against against Banks Commercial Property against Corporations Mature Claims (apabila ada) Housing Loans Pensioners Claims agaist MSMEs Entity Multilateral Loans and Retail Portfolio Development Banks and International Institutions

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)

Pertanian, Perburuan dan 01 Kehutanan / Agriculture, Menial 0 0 0 0 46 760 0 435.152 171.556 0 0 322 Labor and Forestry

02 Perikanan / Fisheries 0 0 0 0 0 0 0 62 15.527 136 0 839

Pertambangan dan Penggalian / 03 0 0 0 0 0 0 0 449 299.756 104.783 0 0 Mining and Extractive Industries Industri Pengolahan / Processing 04 0 0 0 0 230 0 0 8.611 1.832.852 9.294 0 46 Industry Listrik, Gas dan Air / Power, Gas 05 0 0 0 0 0 0 0 40 0 2 0 0 and Water 06 Konstruksi / Construction 0 0 0 0 0 0 348 7.696 835.883 0 0 0 Perdagangan besar dan eceran / 07 0 0 0 0 3.082 4.018 0 432.425 2.468.325 18.814 0 234.198 Large Scale Trading and Retailing Penyediaan akomodasi dan 08 penyediaan makan minum / 0 0 0 0 253 24.749 0 6.278 45.598 1.090 0 72.138 Hospitality Transportasi, pergudangan dan 09 komunikasi / Transportation, 0 0 0 0 200 0 0 33.785 364.365 0 0 0 Warehousing and Communications Perantara keuangan / Financial 10 3.853.974 17.613 0 1.230.961 0 0 0 492.717 1.419.261 10.964 0 526.118 Intermediaries Real estate, usaha persewaan 11 dan jasa perusahaan / Real Estate, 0 0 0 0 0 0 0 5.041 1.156.853 540 0 299.629 Leasing, and Corporate Services Administrasi pemerintahan, pertahanan dan jaminan sosial 12 wajib / Government Administration, 0 0 0 0 0 0 0 0 0 0 0 0 Defense and Mandatory Social Security 13 Jasa pendidikan / Education 0 0 0 0 0 0 0 43 18.417 0 0 0 Jasa kesehatan dan kegiatan sosial / 14 0 0 0 0 0 0 0 0 0 0 0 813 Health and Social Activities Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya / 15 0 0 0 0 45 0 0 4.337 603.920 87 0 5.417 Social, Cultural, Entertainment, and Other Personal Services Jasa perorangan yang melayani 16 rumah tangga / Personal Household 0 0 0 0 2.086 0 36.977 2.554.356 2.877 43.913 0 683.154 Services Badan internasional dan badan ekstra internasional lainnya 17 / International Organizations 0 0 0 0 0 0 0 0 0 0 0 0 and Other Extra International Organizations Kegiatan yang belum jelas 18 batasannya / Indeterminate 0 0 0 0 324 290 136 10.779 5.024 2.115 0 0 Activities Bukan lapangan usaha / Non 19 0 0 0 0 0 0 393 180.931 1.512 153 0 25 Business Field 20 Lainnya / Miscellanous 0 0 0 0 0 0 0 0 0 0 1.678.967 150.395 Total 3.853.974 17.613 0 1.230.961 6.265 29.817 37.854 4.172.703 9.241.725 191.890 1.678.967 1.973.094 Annual Report 2014 | PT. BANK SINARMAS Tbk. 243 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 31 Desember 2013

Tagihan Kepada Bank Pembangunan Tagihan kepada Sektor Ekonomi Tagihan kepada Multilateral Kredit Beragun Kredit Beragun Kredit Pegawai/ Usaha Mikro. No. Tagihan kepada Entitas Sektor dan Lembaga Tagihan kepada Properti Komersial Tagihan kepada Tagihan yang Telah Eksposur di Unit Economic Sector Rumah Tinggal Pensiunan / Loans Usaha Kecil dan Aset Lainnya / Pemerintah / Claims Publik / Claims Internasional Bank / Claims / Collateralized Korporasi / Claims Jatuh Tempo / Usaha Syariah / Collateralized to Employees/ Portofolio Ritel / Other Assets against Government against Public Sector / Claims against against Banks Commercial Property against Corporations Mature Claims (apabila ada) Housing Loans Pensioners Claims agaist MSMEs Entity Multilateral Loans and Retail Portfolio Development Banks and International Institutions

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)

Pertanian, Perburuan dan 01 Kehutanan / Agriculture, Menial 0 0 0 0 0 0 0 243.169 26.548 0 0 0 Labor and Forestry

02 Perikanan / Fisheries 0 0 0 0 0 0 0 894 17.217 0 0 0

Pertambangan dan Penggalian / 03 0 0 0 0 0 141 0 9.959 678.360 0 0 6.667 Mining and Extractive Industries Industri Pengolahan / Processing 04 0 0 0 0 280 0 0 126.928 1.177.822 183 0 0 Industry Listrik, Gas dan Air / Power, Gas 05 0 0 0 0 0 0 0 87 19.876 0 0 0 and Water 06 Konstruksi / Construction 0 0 0 0 218 0 0 11.323 235.608 171 0 11.296 Perdagangan besar dan eceran / 07 0 0 0 0 706 20.639 0 911.034 1.266.319 1.742 0 2.253 Large Scale Trading and Retailing Penyediaan akomodasi dan 08 penyediaan makan minum / 0 0 0 0 355 29.506 0 4.963 17.559 0 0 101 Hospitality Transportasi, pergudangan dan 09 komunikasi / Transportation, 0 0 0 0 286 0 0 20.402 302.737 0 0 0 Warehousing and Communications Perantara keuangan / Financial 10 3.408.598 21.062 0 1.606.458 0 0 0 505.689 1.045.728 0 0 0 Intermediaries Real estate, usaha persewaan 11 dan jasa perusahaan / Real Estate, 0 0 0 0 1.888 0 0 6.242 530.265 24.406 0 0 Leasing, and Corporate Services Administrasi pemerintahan, pertahanan dan jaminan sosial 12 wajib / Government Administration, 0 0 0 0 0 0 0 0 0 0 0 0 Defense and Mandatory Social Security 13 Jasa pendidikan / Education 0 0 0 0 0 0 0 28.393 0 0 0 0 Jasa kesehatan dan kegiatan sosial / 14 0 0 0 0 0 0 0 48 0 0 0 833 Health and Social Activities Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya / 15 0 0 0 0 65 0 0 40.097 381.646 0 0 1.305 Social, Cultural, Entertainment, and Other Personal Services Jasa perorangan yang melayani 16 rumah tangga / Personal Household 0 0 0 0 63 0 0 2.759.856 0 25.554 0 0 Services Badan internasional dan badan ekstra internasional lainnya 17 / International Organizations 0 0 0 0 0 0 0 0 0 0 0 0 and Other Extra International Organizations Kegiatan yang belum jelas 18 batasannya / Indeterminate 0 0 0 0 0 0 171 33.289 0 36 0 0 Activities Bukan lapangan usaha / Non 19 0 0 0 0 0 0 57.482 161.281 0 825 0 1.067.748 Business Field 20 Lainnya / Miscellanous 0 0 0 0 0 0 0 0 0 0 1.379.874 181.006 Total 3.408.598 21.062 0 1.606.458 3.860 50.286 57.653 4.863.654 5.699.685 52.916 1.379.874 1.271.209

244 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 31 Desember 2013

Tagihan Kepada Bank Pembangunan Tagihan kepada Sektor Ekonomi Tagihan kepada Multilateral Kredit Beragun Kredit Beragun Kredit Pegawai/ Usaha Mikro. No. Tagihan kepada Entitas Sektor dan Lembaga Tagihan kepada Properti Komersial Tagihan kepada Tagihan yang Telah Eksposur di Unit Economic Sector Rumah Tinggal Pensiunan / Loans Usaha Kecil dan Aset Lainnya / Pemerintah / Claims Publik / Claims Internasional Bank / Claims / Collateralized Korporasi / Claims Jatuh Tempo / Usaha Syariah / Collateralized to Employees/ Portofolio Ritel / Other Assets against Government against Public Sector / Claims against against Banks Commercial Property against Corporations Mature Claims (apabila ada) Housing Loans Pensioners Claims agaist MSMEs Entity Multilateral Loans and Retail Portfolio Development Banks and International Institutions

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14)

Pertanian, Perburuan dan 01 Kehutanan / Agriculture, Menial 0 0 0 0 0 0 0 243.169 26.548 0 0 0 Labor and Forestry

02 Perikanan / Fisheries 0 0 0 0 0 0 0 894 17.217 0 0 0

Pertambangan dan Penggalian / 03 0 0 0 0 0 141 0 9.959 678.360 0 0 6.667 Mining and Extractive Industries Industri Pengolahan / Processing 04 0 0 0 0 280 0 0 126.928 1.177.822 183 0 0 Industry Listrik, Gas dan Air / Power, Gas 05 0 0 0 0 0 0 0 87 19.876 0 0 0 and Water 06 Konstruksi / Construction 0 0 0 0 218 0 0 11.323 235.608 171 0 11.296 Perdagangan besar dan eceran / 07 0 0 0 0 706 20.639 0 911.034 1.266.319 1.742 0 2.253 Large Scale Trading and Retailing Penyediaan akomodasi dan 08 penyediaan makan minum / 0 0 0 0 355 29.506 0 4.963 17.559 0 0 101 Hospitality Transportasi, pergudangan dan 09 komunikasi / Transportation, 0 0 0 0 286 0 0 20.402 302.737 0 0 0 Warehousing and Communications Perantara keuangan / Financial 10 3.408.598 21.062 0 1.606.458 0 0 0 505.689 1.045.728 0 0 0 Intermediaries Real estate, usaha persewaan 11 dan jasa perusahaan / Real Estate, 0 0 0 0 1.888 0 0 6.242 530.265 24.406 0 0 Leasing, and Corporate Services Administrasi pemerintahan, pertahanan dan jaminan sosial 12 wajib / Government Administration, 0 0 0 0 0 0 0 0 0 0 0 0 Defense and Mandatory Social Security 13 Jasa pendidikan / Education 0 0 0 0 0 0 0 28.393 0 0 0 0 Jasa kesehatan dan kegiatan sosial / 14 0 0 0 0 0 0 0 48 0 0 0 833 Health and Social Activities Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya / 15 0 0 0 0 65 0 0 40.097 381.646 0 0 1.305 Social, Cultural, Entertainment, and Other Personal Services Jasa perorangan yang melayani 16 rumah tangga / Personal Household 0 0 0 0 63 0 0 2.759.856 0 25.554 0 0 Services Badan internasional dan badan ekstra internasional lainnya 17 / International Organizations 0 0 0 0 0 0 0 0 0 0 0 0 and Other Extra International Organizations Kegiatan yang belum jelas 18 batasannya / Indeterminate 0 0 0 0 0 0 171 33.289 0 36 0 0 Activities Bukan lapangan usaha / Non 19 0 0 0 0 0 0 57.482 161.281 0 825 0 1.067.748 Business Field 20 Lainnya / Miscellanous 0 0 0 0 0 0 0 0 0 0 1.379.874 181.006 Total 3.408.598 21.062 0 1.606.458 3.860 50.286 57.653 4.863.654 5.699.685 52.916 1.379.874 1.271.209

Annual Report 2014 | PT. BANK SINARMAS Tbk. 245 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 2.4.a. Pengungkapan Tagihan dan Pencadangan Berdasarkan Wilayah - Bank secara Individual Table 2.4.a. Disclosure of Claims and Reserves by Region - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2014 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims by Region Net Claims by Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) 01 Tagihan / Claims 788.921 398.448 99.172 18.049.204 746.706 829.056 437.566 448.774 319.521 357.668 123.383 505.248 23.103.667 Tagihan yang mengalami penurunan nilai 11.678 7.710 787 140.172 1.935 18.281 13.003 8.109 3.061 21.945 4.111 2.825 233.616 (impaired) / Impaired Claims 02 a. Belum jatuh tempo / Outstanding 3.316 0 1.615 447 0 0 613 612 0 0 0 115 6.719

03 b. Telah jatuh tempo / Mature 11.678 7.710 787 140.172 1.935 18.281 13.003 8.109 3.061 21.945 4.111 2.825 233.616 Cadangan kerugian penurunan nilai (CKPN) 04 - Individual / Reserves for Impairments (CKPN) - 0 0 0 24.211 0 0 0 0 0 951 0 0 25.162 Unconsolidated Cadangan kerugian penurunan nilai (CKPN) 05 - Kolektif / Reserves for Impairments (CKPN) - 4.103 2.516 635 36.669 665 5.429 3.689 2.678 1.055 1.873 1.098 418 60.828 Consolidated Tagihan yang dihapus buku / Written-off 06 52.165 1.146 1.753 20.551 9.769 1.700 633 3.020 411 5.762 4.802 3.100 104.812 Claims

31 Desember 2013 31 Desember 2013 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims by Region Net Claims by Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) 01 Tagihan / Claims 746.696 688.399 120.101 13.017.439 1.371.603 925.862 510.363 492.855 226.540 391.952 123.044 472.873 19.087.726 Tagihan yang mengalami penurunan nilai 5.757 2.796 1.938 31.580 0 9.072 3.958 6.700 1.771 5.695 1.583 259 71.110 (impaired) / Impaired Claims 02 a. Belum jatuh tempo / Outstanding 89.723 0 0 70.641 0 0 0 0 0 6.447 0 0 166.811

03 b. Telah jatuh tempo / Mature 5.757 2.796 1.938 31.580 0 9.072 3.958 6.700 1.771 5.695 1.583 259 71.110 Cadangan kerugian penurunan nilai (CKPN) 04 - Individual / Reserves for Impairments (CKPN) - 3.319 0 0 15.577 0 31 0 0 0 797 0 0 19.724 Unconsolidated Cadangan kerugian penurunan nilai (CKPN) 05 - Kolektif / Reserves for Impairments (CKPN) - 2.692 1.490 456 12.665 420 3.377 1.542 2.826 615 3.893 707 5.926 36.609 Consolidated Tagihan yang dihapus buku / Written-off 06 2.005 765 45 904 1.658 1.048 314 2.222 169 726 399 0 10.255 Claims

246 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2014 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims by Region Net Claims by Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) 01 Tagihan / Claims 788.921 398.448 99.172 18.049.204 746.706 829.056 437.566 448.774 319.521 357.668 123.383 505.248 23.103.667 Tagihan yang mengalami penurunan nilai 11.678 7.710 787 140.172 1.935 18.281 13.003 8.109 3.061 21.945 4.111 2.825 233.616 (impaired) / Impaired Claims 02 a. Belum jatuh tempo / Outstanding 3.316 0 1.615 447 0 0 613 612 0 0 0 115 6.719

03 b. Telah jatuh tempo / Mature 11.678 7.710 787 140.172 1.935 18.281 13.003 8.109 3.061 21.945 4.111 2.825 233.616 Cadangan kerugian penurunan nilai (CKPN) 04 - Individual / Reserves for Impairments (CKPN) - 0 0 0 24.211 0 0 0 0 0 951 0 0 25.162 Unconsolidated Cadangan kerugian penurunan nilai (CKPN) 05 - Kolektif / Reserves for Impairments (CKPN) - 4.103 2.516 635 36.669 665 5.429 3.689 2.678 1.055 1.873 1.098 418 60.828 Consolidated Tagihan yang dihapus buku / Written-off 06 52.165 1.146 1.753 20.551 9.769 1.700 633 3.020 411 5.762 4.802 3.100 104.812 Claims

31 Desember 2013 31 Desember 2013 Kategori Portofolio No. Portfolio Category Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Tagihan Bersih Berdasarkan Wilayah Net Claims by Region Net Claims by Region Wilayah - Wilayah - 01 Wilayah - 02 Wilayah - 03 Wilayah - 04 Wilayah - 05 Wilayah - 06 Wilayah - 07 Wilayah - 08 Wilayah - 09 Wilayah - 10 Wilayah - 11 012 / Region Total / Region - 01 / Region - 02 / Region - 03 / Region - 04 / Region - 05 / Region - 06 / Region - 07 / Region - 08 / Region - 09 / Region - 10 / Region - 11 - 12 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) 01 Tagihan / Claims 746.696 688.399 120.101 13.017.439 1.371.603 925.862 510.363 492.855 226.540 391.952 123.044 472.873 19.087.726 Tagihan yang mengalami penurunan nilai 5.757 2.796 1.938 31.580 0 9.072 3.958 6.700 1.771 5.695 1.583 259 71.110 (impaired) / Impaired Claims 02 a. Belum jatuh tempo / Outstanding 89.723 0 0 70.641 0 0 0 0 0 6.447 0 0 166.811

03 b. Telah jatuh tempo / Mature 5.757 2.796 1.938 31.580 0 9.072 3.958 6.700 1.771 5.695 1.583 259 71.110 Cadangan kerugian penurunan nilai (CKPN) 04 - Individual / Reserves for Impairments (CKPN) - 3.319 0 0 15.577 0 31 0 0 0 797 0 0 19.724 Unconsolidated Cadangan kerugian penurunan nilai (CKPN) 05 - Kolektif / Reserves for Impairments (CKPN) - 2.692 1.490 456 12.665 420 3.377 1.542 2.826 615 3.893 707 5.926 36.609 Consolidated Tagihan yang dihapus buku / Written-off 06 2.005 765 45 904 1.658 1.048 314 2.222 169 726 399 0 10.255 Claims

Annual Report 2014 | PT. BANK SINARMAS Tbk. 247 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 2.5.a. Pengungkapan Tagihan dan Pencadangan Berdasarkan Sektor Ekonomi - Bank secara Individual Table 2.5.a. Disclosure of Claims and Reserves by Economic Sector - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 Tagihan yang Mengalami Penurunan Cadangan kerugian Tagihan Nilai (Impaired) penurunan nilai (CKPN) Sektor Ekonomi yang No. Impaired Claims Economy Sector Tagihan / dihapus Claims Belum buku Telah jatuh Jatuh Individual Kolektif Written-off tempo Tempo Unconsolidated Consolidated Claims Mature Outstanding (1) (2) (3) (4) (5) (6) (7) (8) Pertanian, Perburuan dan Kehutanan / 01 608.186 0 0 0 174 0 Agriculture, Menial Labor and Forestry 02 Perikanan / Fisheries 18.629 0 201 0 66 0 Pertambangan dan Penggalian / Mining 03 424.477 0 121.416 16.634 0 51.198 and Extractive Industries 04 Industri Pengolahan / Processing Industry 1.868.207 0 10.293 1.305 1.770 11.472 Listrik, Gas dan Air / Power, Gas and 05 203 0 3 0 1 0 Water 06 Konstruksi / Construction 864.186 0 0 0 0 5.324 Perdagangan besar dan eceran / Large 07 3.210.149 2.854 22.471 425 26.130 19.481 Scale Trading and Retailing Penyediaan akomodasi dan penyediaan 08 150.981 0 1.365 0 339 7 makan minum / Hospitality Transportasi, pergudangan dan 09 komunikasi / Transportation, 398.610 0 0 0 67 0 Warehousing and Communications Perantara keuangan / Financial 10 7.874.991 0 17.762 6.798 5.411 0 Intermediaries Real estate, usaha persewaan dan jasa 11 perusahaan / Real Estate, Leasing, and 1.471.707 0 668 0 711 0 Corporate Services Administrasi pemerintahan, pertahanan dan jaminan sosial wajib / Government 12 0 0 0 0 0 1 Administration, Defense and Mandatory Social Security 13 Jasa pendidikan / Education 18.460 0 0 0 0 0 Jasa kesehatan dan kegiatan sosial / 14 813 0 0 0 0 0 Health and Social Activities Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya / Social, 15 615.117 0 90 0 5 30 Cultural, Entertainment, and Other Personal Services Jasa perorangan yang melayani rumah 16 3.341.809 0 56.482 0 25.160 14.851 tangga / Personal Household Services Badan internasional dan badan ekstra internasional lainnya / International 17 0 0 0 0 0 0 Organizations and Other Extra International Organizations Kegiatan yang belum jelas batasannya / 18 21.639 0 2.676 0 655 24 Indeterminate Activities Bukan lapangan usaha / Non Business 19 351.562 447 188 0 340 2.425 Field 20 Lainnya / Miscellanous 1.863.940 3.418 0 0 0 0 Total 23.103.666 6.719 233.616 25.162 60.828 104.812

248 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Tagihan yang Mengalami Penurunan Cadangan kerugian Tagihan Nilai (Impaired) penurunan nilai (CKPN) Sektor Ekonomi yang No. Impaired Claims Economy Sector Tagihan / dihapus Claims Belum buku Telah jatuh Jatuh Individual Kolektif Written-off tempo Tempo Unconsolidated Consolidated Claims Mature Outstanding (1) (2) (3) (4) (5) (6) (7) (8) Pertanian, Perburuan dan Kehutanan / 01 272.956 0 0 0 47 0 Agriculture, Menial Labor and Forestry 02 Perikanan / Fisheries 20.183 0 0 0 0 0 Pertambangan dan Penggalian / Mining 03 703.520 48.895 0 5.814 755 0 and Extractive Industries 04 Industri Pengolahan / Processing Industry 1.315.624 6.448 183 673 9 709 Listrik, Gas dan Air / Power, Gas and 05 20.076 0 0 0 1 0 Water 06 Konstruksi / Construction 277.091 0 2.676 1.533 1.086 1.658 Perdagangan besar dan eceran / Large 07 2.247.111 0 5.344 0 5.397 2.019 Scale Trading and Retailing Penyediaan akomodasi dan penyediaan 08 53.031 0 0 0 3 0 makan minum / Hospitality Transportasi, pergudangan dan 09 komunikasi / Transportation, 327.741 89.722 0 3.319 44 0 Warehousing and Communications Perantara keuangan / Financial 10 7.058.243 21.746 0 2.589 10 0 Intermediaries Real estate, usaha persewaan dan jasa 11 perusahaan / Real Estate, Leasing, and 572.474 0 30.078 5.672 1 0 Corporate Services Administrasi pemerintahan, pertahanan dan jaminan sosial wajib / Government 12 0 0 0 0 0 0 Administration, Defense and Mandatory Social Security 13 Jasa pendidikan / Education 28.406 0 0 0 0 0 Jasa kesehatan dan kegiatan sosial / 14 881 0 0 0 0 0 Health and Social Activities Jasa kemasyarakatan, sosial budaya, hiburan dan perorangan lainnya / Social, 15 423.306 0 0 124 6 0 Cultural, Entertainment, and Other Personal Services Jasa perorangan yang melayani rumah 16 2.796.592 0 31.015 0 11.119 0 tangga / Personal Household Services Badan internasional dan badan ekstra internasional lainnya / International 17 0 0 0 0 0 0 Organizations and Other Extra International Organizations Kegiatan yang belum jelas batasannya / 18 35.805 0 40 0 10 0 Indeterminate Activities Bukan lapangan usaha / Non Business 19 1.373.560 0 1.776 0 17.875 96 Field 20 Lainnya / Miscellanous 1.561.127 0 0 0 247 5.773 Total 19.087.726 166.811 71.110 19.724 36.609 10.255

Annual Report 2014 | PT. BANK SINARMAS Tbk. 249 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 2.6.a. Pengungkapan Rincian Mutasi Cadangan Kerugian Penurunan Nilai - Bank secara Individual Table 2.6.a. Disclosure of Changes in Impairment Reserves - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

Kategori Portofolio 31 Desember 2014 31 Desember 2013 No Portfolio Category CKPN Individual CKPN Kolektif CKPN Individual CKPN Kolektif (1) (2) (3) (4) (5) (6) 01 Saldo awal CKPN / Opening Impairment Reserves Balance 19.724 36.609 43.867 48.381 Pembentukan (pemulihan) CKPN pada periode berjalan (Net) / Allocation (Recovery) of 5.438 31.423 (24.143) (1.987) Impairment Reserves in the Current Period - Net a). Pembentukan CKPN pada periode berjalan / Allocation of Impairment Reserves in Current 02 5.438 31.423 0 0 Period b). Pemulihan CKPN pada periode berjalan / Recovery of Impairment Reserves in Current 03 0 0 (24.143) (1.987) Period CKPN yang digunakan untuk melakukan hapus buku atas tagihan pada peride berjalan / 04 0 (7.204) 0 (10.233) Impairment Reserves used to Cover Write-Offs in Current Period Pembentukan (pemulihan) lainnya pada periode berjalan / Other Allocation (Recovery) in 05 0 0 0 448 Current Period Saldo akhir CKPN / Closing Impairment Reserves Balance 25.162 60.828 19.724 36.609

250 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Kategori Portofolio 31 Desember 2014 31 Desember 2013 No Portfolio Category CKPN Individual CKPN Kolektif CKPN Individual CKPN Kolektif (1) (2) (3) (4) (5) (6) 01 Saldo awal CKPN / Opening Impairment Reserves Balance 19.724 36.609 43.867 48.381 Pembentukan (pemulihan) CKPN pada periode berjalan (Net) / Allocation (Recovery) of 5.438 31.423 (24.143) (1.987) Impairment Reserves in the Current Period - Net a). Pembentukan CKPN pada periode berjalan / Allocation of Impairment Reserves in Current 02 5.438 31.423 0 0 Period b). Pemulihan CKPN pada periode berjalan / Recovery of Impairment Reserves in Current 03 0 0 (24.143) (1.987) Period CKPN yang digunakan untuk melakukan hapus buku atas tagihan pada peride berjalan / 04 0 (7.204) 0 (10.233) Impairment Reserves used to Cover Write-Offs in Current Period Pembentukan (pemulihan) lainnya pada periode berjalan / Other Allocation (Recovery) in 05 0 0 0 448 Current Period Saldo akhir CKPN / Closing Impairment Reserves Balance 25.162 60.828 19.724 36.609

Annual Report 2014 | PT. BANK SINARMAS Tbk. 251 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 3.1.a. Pengungkapan Tagihan Bersih Berdasarkan Kategori Portofolio dan Skala Peringkat - Bank secara Individual Table 3.1.a. Disclosure of Net Claims by Portfolio Category and Rating - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2014

Peringkat Peringkat Lembaga Jangka Jangka Pemeringkat panjang / Pendek / / Rating Long-Term Short-Term Agencies Rating Rating Kurang dari Kurang dari Standard BBB+ s.d AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / A-1 A-2 A-3 A-3 / Less and Poor's BBB- Less than B- than A-3 Kurang dari Kurang dari BBB+ s.d Fitch Rating AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / F1+ s.d F1 F2 F3 F3 / Less than BBB- Kategori Portofolio Less than B- F3 No. Tanpa Portfolio Category Kurang dari Kurang dari Baa1 s.d Peringkat / Total Moody's Aaa Aa1 s.d Aa3 A1 s.d A3 Ba1 s.d Ba3 B1 s.d B3 B3 / P-1 P-2 P-3 P-3 / Less Baa3 Unrated Less than B3 than P-3 PT. Fitch Kurang dari Kurang dari AA+(idn) s.d A+(idn) s.d. BBB+(idn) BB+(idn) s.d B+(idn) s.d F1+(idn) s.d Ratings AAA (idn) B-(idn) / Less F2(idn) F3(idn) F3(idn) / Less AA-(idn) A-(idn) s.d BBB-(idn) BB-(idn) B-(idn) F1(idn) Indonesia than B-(idn) than F3(idn) Kurang dari Kurang dari PT ICRA [Idr]AA+ s.d [Idr]A+ s.d [Idr]BBB+ s.d [Idr]BB+ s.d [Idr]B+ s.d [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d [Idr]AAA [Idr]B- / Less [Idr]A3 / Less Indonesia [Idr]AA- [Idr]A- [Idr]BBB- [Idr]BB- [Idr]B- [Idr]A1 [Idr]A2 [Idr] A3 than [Idr]B- than [Idr]A3 PT Kurang dari Kurang dari Pemeringkat idAA+ s.d idA+ s.d id BBB+ s.d id BB+ s.d id id B+ s.d idA3 s.d id idAAA idB- / Less idA1 idA2 idA4 / Less Efek idAA- id A- id BBB- BB- id B- A4 than idB- than idA4 Indonesia (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 0 0 0 3.853.974 3.853.974 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 17.613 0 0 0 0 0 0 0 0 0 17.613 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 5.051 34.532 362.183 54.092 0 0 0 0 0 0 0 775.102 1.230.961 Kredit Beragun Rumah Tinggal / Collateralized 05 0 0 0 0 0 0 0 0 0 0 0 6.265 6.265 Housing Loans Kredit Beragun Properti Komersial / Collateralized 06 0 0 0 0 0 0 0 0 0 0 0 29.817 29.817 Commercial Property Loans Kredit Pegawai/ Pensiunan / Loans to Employees/ 07 0 0 0 0 0 0 0 0 0 0 0 37.854 37.854 Pensioners Tagihan kepada Usaha Mikro, Usaha Kecil dan 08 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 0 0 0 4.172.703 4.172.703 Portfolio Tagihan kepada Korporasi / Claims against 09 70.766 100.675 48.891 0 10.142 0 0 0 0 0 0 9.011.251 9.241.725 Corporations 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 191.890 191.890

11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 0 0 1.678.967 1.678.967 Eksposur di Unit Usaha Syariah (apabila ada) / 12 0 12.483 0 0 0 0 0 0 0 0 0 1.960.611 1.973.094 Exposure in Sharia Business Unit (if available) Total 75.817 147.690 428.687 54.092 10.142 0 0 0 0 0 0 21.718.435 22.434.864

252 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2014

Peringkat Peringkat Lembaga Jangka Jangka Pemeringkat panjang / Pendek / / Rating Long-Term Short-Term Agencies Rating Rating Kurang dari Kurang dari Standard BBB+ s.d AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / A-1 A-2 A-3 A-3 / Less and Poor's BBB- Less than B- than A-3 Kurang dari Kurang dari BBB+ s.d Fitch Rating AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / F1+ s.d F1 F2 F3 F3 / Less than BBB- Kategori Portofolio Less than B- F3 No. Tanpa Portfolio Category Kurang dari Kurang dari Baa1 s.d Peringkat / Total Moody's Aaa Aa1 s.d Aa3 A1 s.d A3 Ba1 s.d Ba3 B1 s.d B3 B3 / P-1 P-2 P-3 P-3 / Less Baa3 Unrated Less than B3 than P-3 PT. Fitch Kurang dari Kurang dari AA+(idn) s.d A+(idn) s.d. BBB+(idn) BB+(idn) s.d B+(idn) s.d F1+(idn) s.d Ratings AAA (idn) B-(idn) / Less F2(idn) F3(idn) F3(idn) / Less AA-(idn) A-(idn) s.d BBB-(idn) BB-(idn) B-(idn) F1(idn) Indonesia than B-(idn) than F3(idn) Kurang dari Kurang dari PT ICRA [Idr]AA+ s.d [Idr]A+ s.d [Idr]BBB+ s.d [Idr]BB+ s.d [Idr]B+ s.d [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d [Idr]AAA [Idr]B- / Less [Idr]A3 / Less Indonesia [Idr]AA- [Idr]A- [Idr]BBB- [Idr]BB- [Idr]B- [Idr]A1 [Idr]A2 [Idr] A3 than [Idr]B- than [Idr]A3 PT Kurang dari Kurang dari Pemeringkat idAA+ s.d idA+ s.d id BBB+ s.d id BB+ s.d id id B+ s.d idA3 s.d id idAAA idB- / Less idA1 idA2 idA4 / Less Efek idAA- id A- id BBB- BB- id B- A4 than idB- than idA4 Indonesia (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 0 0 0 3.853.974 3.853.974 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 17.613 0 0 0 0 0 0 0 0 0 17.613 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 5.051 34.532 362.183 54.092 0 0 0 0 0 0 0 775.102 1.230.961 Kredit Beragun Rumah Tinggal / Collateralized 05 0 0 0 0 0 0 0 0 0 0 0 6.265 6.265 Housing Loans Kredit Beragun Properti Komersial / Collateralized 06 0 0 0 0 0 0 0 0 0 0 0 29.817 29.817 Commercial Property Loans Kredit Pegawai/ Pensiunan / Loans to Employees/ 07 0 0 0 0 0 0 0 0 0 0 0 37.854 37.854 Pensioners Tagihan kepada Usaha Mikro, Usaha Kecil dan 08 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 0 0 0 4.172.703 4.172.703 Portfolio Tagihan kepada Korporasi / Claims against 09 70.766 100.675 48.891 0 10.142 0 0 0 0 0 0 9.011.251 9.241.725 Corporations 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 191.890 191.890

11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 0 0 1.678.967 1.678.967 Eksposur di Unit Usaha Syariah (apabila ada) / 12 0 12.483 0 0 0 0 0 0 0 0 0 1.960.611 1.973.094 Exposure in Sharia Business Unit (if available) Total 75.817 147.690 428.687 54.092 10.142 0 0 0 0 0 0 21.718.435 22.434.864

Annual Report 2014 | PT. BANK SINARMAS Tbk. 253 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 31 Desember 2013

Peringkat Peringkat Lembaga Jangka Jangka Pemeringkat panjang / Pendek / / Rating Long-Term Short-Term Agencies Rating Rating Kurang dari Kurang dari Standard BBB+ s.d AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / A-1 A-2 A-3 A-3 / Less and Poor's BBB- Less than B- than A-3 Kurang dari Kurang dari BBB+ s.d Fitch Rating AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / F1+ s.d F1 F2 F3 F3 / Less than BBB- Kategori Portofolio Less than B- F3 No. Tanpa Portfolio Category Kurang dari Kurang dari Baa1 s.d Peringkat / Total Moody's Aaa Aa1 s.d Aa3 A1 s.d A3 Ba1 s.d Ba3 B1 s.d B3 B3 / P-1 P-2 P-3 P-3 / Less Baa3 Unrated Less than B3 than P-3 PT. Fitch Kurang dari Kurang dari AA+(idn) s.d A+(idn) s.d. BBB+(idn) BB+(idn) s.d B+(idn) s.d F1+(idn) s.d Ratings AAA (idn) B-(idn) / Less F2(idn) F3(idn) F3(idn) / Less AA-(idn) A-(idn) s.d BBB-(idn) BB-(idn) B-(idn) F1(idn) Indonesia than B-(idn) than F3(idn) Kurang dari Kurang dari PT ICRA [Idr]AA+ s.d [Idr]A+ s.d [Idr]BBB+ s.d [Idr]BB+ s.d [Idr]B+ s.d [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d [Idr]AAA [Idr]B- / Less [Idr]A3 / Less Indonesia [Idr]AA- [Idr]A- [Idr]BBB- [Idr]BB- [Idr]B- [Idr]A1 [Idr]A2 [Idr] A3 than [Idr]B- than [Idr]A3 PT Kurang dari Kurang dari Pemeringkat idAA+ s.d idA+ s.d id BBB+ s.d id BB+ s.d id id B+ s.d idA3 s.d id idAAA idB- / Less idA1 idA2 idA4 / Less Efek idAA- id A- id BBB- BB- id B- A4 than idB- than idA4 Indonesia (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 0 0 0 3.408.598 3.408.598 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 1.011 20.051 0 0 0 0 0 0 0 0 0 21.062 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 45.075 555.102 111.016 0 11 0 0 0 0 0 895.254 1.606.458 Kredit Beragun Rumah Tinggal / Collateralized 05 0 0 0 0 0 0 0 0 0 0 0 3.860 3.860 Housing Loans Kredit Beragun Properti Komersial / Collateralized 06 0 0 0 0 0 0 0 0 0 0 0 50.286 50.286 Commercial Property Loans Kredit Pegawai/ Pensiunan / Loans to Employees/ 07 0 0 0 0 0 0 0 0 0 0 0 57.653 57.653 Pensioners Tagihan kepada Usaha Mikro, Usaha Kecil dan 08 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 0 0 0 4.863.654 4.863.654 Portfolio Tagihan kepada Korporasi / Claims against 09 0 53.711 0 0 10.362 0 0 0 0 0 0 5.635.612 5.699.685 Corporations 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 52.916 52.916

11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 0 0 1.379.874 1.379.874 Eksposur di Unit Usaha Syariah (apabila ada) / 12 0 24.858 0 0 0 0 0 0 0 0 0 1.246.351 1.271.209 Exposure in Sharia Business Unit (if available) Total 0 124.655 575.153 111.016 10.362 11 0 0 0 0 0 17.594.059 18.415.255

254 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 31 Desember 2013

Peringkat Peringkat Lembaga Jangka Jangka Pemeringkat panjang / Pendek / / Rating Long-Term Short-Term Agencies Rating Rating Kurang dari Kurang dari Standard BBB+ s.d AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / A-1 A-2 A-3 A-3 / Less and Poor's BBB- Less than B- than A-3 Kurang dari Kurang dari BBB+ s.d Fitch Rating AAA AA+ s.d AA- A+ s.d A- BB+ s.d BB- B+ s.d B- B- / F1+ s.d F1 F2 F3 F3 / Less than BBB- Kategori Portofolio Less than B- F3 No. Tanpa Portfolio Category Kurang dari Kurang dari Baa1 s.d Peringkat / Total Moody's Aaa Aa1 s.d Aa3 A1 s.d A3 Ba1 s.d Ba3 B1 s.d B3 B3 / P-1 P-2 P-3 P-3 / Less Baa3 Unrated Less than B3 than P-3 PT. Fitch Kurang dari Kurang dari AA+(idn) s.d A+(idn) s.d. BBB+(idn) BB+(idn) s.d B+(idn) s.d F1+(idn) s.d Ratings AAA (idn) B-(idn) / Less F2(idn) F3(idn) F3(idn) / Less AA-(idn) A-(idn) s.d BBB-(idn) BB-(idn) B-(idn) F1(idn) Indonesia than B-(idn) than F3(idn) Kurang dari Kurang dari PT ICRA [Idr]AA+ s.d [Idr]A+ s.d [Idr]BBB+ s.d [Idr]BB+ s.d [Idr]B+ s.d [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d [Idr]AAA [Idr]B- / Less [Idr]A3 / Less Indonesia [Idr]AA- [Idr]A- [Idr]BBB- [Idr]BB- [Idr]B- [Idr]A1 [Idr]A2 [Idr] A3 than [Idr]B- than [Idr]A3 PT Kurang dari Kurang dari Pemeringkat idAA+ s.d idA+ s.d id BBB+ s.d id BB+ s.d id id B+ s.d idA3 s.d id idAAA idB- / Less idA1 idA2 idA4 / Less Efek idAA- id A- id BBB- BB- id B- A4 than idB- than idA4 Indonesia (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 0 0 0 3.408.598 3.408.598 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 1.011 20.051 0 0 0 0 0 0 0 0 0 21.062 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 45.075 555.102 111.016 0 11 0 0 0 0 0 895.254 1.606.458 Kredit Beragun Rumah Tinggal / Collateralized 05 0 0 0 0 0 0 0 0 0 0 0 3.860 3.860 Housing Loans Kredit Beragun Properti Komersial / Collateralized 06 0 0 0 0 0 0 0 0 0 0 0 50.286 50.286 Commercial Property Loans Kredit Pegawai/ Pensiunan / Loans to Employees/ 07 0 0 0 0 0 0 0 0 0 0 0 57.653 57.653 Pensioners Tagihan kepada Usaha Mikro, Usaha Kecil dan 08 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 0 0 0 4.863.654 4.863.654 Portfolio Tagihan kepada Korporasi / Claims against 09 0 53.711 0 0 10.362 0 0 0 0 0 0 5.635.612 5.699.685 Corporations 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 52.916 52.916

11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 0 0 1.379.874 1.379.874 Eksposur di Unit Usaha Syariah (apabila ada) / 12 0 24.858 0 0 0 0 0 0 0 0 0 1.246.351 1.271.209 Exposure in Sharia Business Unit (if available) Total 0 124.655 575.153 111.016 10.362 11 0 0 0 0 0 17.594.059 18.415.255

Annual Report 2014 | PT. BANK SINARMAS Tbk. 255 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 3.2.a. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Derivatif Table 3.2.a. Disclosure of Counterparty Credit Risk: Derivative Transactions (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Notional Amount Tagihan Tagihan Notional Amount Variabel Tagihan Tagihan Tagihan Kewajiban Bersih bersih Tagihan Kewajiban yang Bersih bersih Setelah No > 1 Tahun - Derivatif / Derivatif / sebelum Setelah > 1 Tahun - < Derivatif / Derivatif / Mendasari / MRK sebelum MRK MRK MRK / Net < 1 Tahun / < 5 Tahun / > 5 Tahun / Derivative Derivative MRK Net MRK / Net < 1 Tahun / 5 Tahun / > > 5 Tahun / Derivative Derivative Base Variable Net Claims Claims After Year > 1 Year - < Years Claims Obligations Claims Before Claims After Year 1 Year - < 5 Years Claims Obligations Before MRK MRK 5 Years MRK MRK Years (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) BANK SECARA INDIVIDUAL / BANK UNCONSOLIDATED Suku Bunga / 01 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Interest Rate Nilai Tukar 02 / Foreign 186.689 0 0 0 63 188.556 41.464 10.169 309.028 0 0 28 0 312.118 62.424 12.485 Exchange Lainnya / 03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Others TOTAL 186.689 0 0 0 63 188.556 41.464 10.169 309.028 0 0 28 0 312.118 62.424 12.485

Tabel 3.2.b.1. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Repo - Bank secara Individual Tabel 3.2.b.1. Disclosure of Counterparty Credit Risk: Repo Transactions - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Nilai Wajar Kategori Portofolio Kewajiban Tagihan No. SSB Repo / Nilai Wajar SSB Repo / Fair Kewajiban Repo / Repo Portfolio Category Repo / Repo Bersih / Net ATMR / RWA Tagihan Bersih / Net Claims ATMR / RWA Fair Repo SSB Repo SSB Value Obligtaions Obligtaions Claims Value (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 0 0 0 0 0 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan 05 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 Portfolio Tagihan kepada Korporasi / Claims against 06 0 0 0 0 0 0 0 0 Corporations Eksposur di Unit Usaha Syariah (apabila ada) / 07 0 0 0 0 0 0 0 0 Exposure in Sharia Business Unit (if available) Total 0 0 0 0 0 0 0 0

256 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2013 Notional Amount Tagihan Tagihan Notional Amount Variabel Tagihan Tagihan Tagihan Kewajiban Bersih bersih Tagihan Kewajiban yang Bersih bersih Setelah No > 1 Tahun - Derivatif / Derivatif / sebelum Setelah > 1 Tahun - < Derivatif / Derivatif / Mendasari / MRK sebelum MRK MRK MRK / Net < 1 Tahun / < 5 Tahun / > 5 Tahun / Derivative Derivative MRK Net MRK / Net < 1 Tahun / 5 Tahun / > > 5 Tahun / Derivative Derivative Base Variable Net Claims Claims After Year > 1 Year - < Years Claims Obligations Claims Before Claims After Year 1 Year - < 5 Years Claims Obligations Before MRK MRK 5 Years MRK MRK Years (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) BANK SECARA INDIVIDUAL / BANK UNCONSOLIDATED Suku Bunga / 01 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Interest Rate Nilai Tukar 02 / Foreign 186.689 0 0 0 63 188.556 41.464 10.169 309.028 0 0 28 0 312.118 62.424 12.485 Exchange Lainnya / 03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Others TOTAL 186.689 0 0 0 63 188.556 41.464 10.169 309.028 0 0 28 0 312.118 62.424 12.485

31 Desember 2014 31 Desember 2013 Nilai Wajar Kategori Portofolio Kewajiban Tagihan No. SSB Repo / Nilai Wajar SSB Repo / Fair Kewajiban Repo / Repo Portfolio Category Repo / Repo Bersih / Net ATMR / RWA Tagihan Bersih / Net Claims ATMR / RWA Fair Repo SSB Repo SSB Value Obligtaions Obligtaions Claims Value (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 0 0 0 0 0 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan 05 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 Portfolio Tagihan kepada Korporasi / Claims against 06 0 0 0 0 0 0 0 0 Corporations Eksposur di Unit Usaha Syariah (apabila ada) / 07 0 0 0 0 0 0 0 0 Exposure in Sharia Business Unit (if available) Total 0 0 0 0 0 0 0 0

Annual Report 2014 | PT. BANK SINARMAS Tbk. 257 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 3.2.c.1. Pengungkapan Risiko Kredit Pihak Lawan: Transaksi Reverse Repo - Bank secara Individual Table 3.2.c.1. Disclosure of Counterparty Risk: Reverse Repo Transactions - Bank Unconsolidated

(Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Tagihan Kategori Portofolio Tagihan Bersih setelah ATMR setelah No. Nilai MRK / Tagihan Bersih setelah MRK / ATMR setelah MRK / RWA Portfolio Category Bersih / Net MRK / Net MRK / RWA Tagihan Bersih / Net Claims Nilai MRK / MRK Scores MRK Scores Net Claims After MRK After MRK Claims Claims After After MRK MRK (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 0 0 0 0 0 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan 05 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 Portfolio Tagihan kepada Korporasi / Claims against 06 0 0 0 0 0 0 0 0 Corporations Eksposur di Unit Usaha Syariah (apabila ada) / 07 0 0 0 0 0 0 0 0 Exposure in Sharia Business Unit (if available) Total 0 0 0 0 0 0 0 0

258 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2013 Tagihan Kategori Portofolio Tagihan Bersih setelah ATMR setelah No. Nilai MRK / Tagihan Bersih setelah MRK / ATMR setelah MRK / RWA Portfolio Category Bersih / Net MRK / Net MRK / RWA Tagihan Bersih / Net Claims Nilai MRK / MRK Scores MRK Scores Net Claims After MRK After MRK Claims Claims After After MRK MRK (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Tagihan kepada Pemerintah / Claims against 01 0 0 0 0 0 0 0 0 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 0 0 0 0 0 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan 05 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 0 0 Portfolio Tagihan kepada Korporasi / Claims against 06 0 0 0 0 0 0 0 0 Corporations Eksposur di Unit Usaha Syariah (apabila ada) / 07 0 0 0 0 0 0 0 0 Exposure in Sharia Business Unit (if available) Total 0 0 0 0 0 0 0 0

Annual Report 2014 | PT. BANK SINARMAS Tbk. 259 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 4.1.a. Pengungkapan Tagihan Bersih Berdasarkan Bobot Risiko Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit - Bank secara Individual Table 4.1.a. Disclosure of Net Claims by Risk Weighting after Calculating Effect of Credit Risk Mitigation - Bank Unconsolidated

(Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 Beban Kategori Portfolio Tagihan Bersih Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit Modal No. ATMR / RWA Portfolio Category Net Claims after Calculating Effect of Credit Risk Mitigation / Capital Charge 0% 20% 35% 40% 45% 50% 75% 100% 150% Lainnya

(1) (2) (3) (4) (5) (7) (8) (9) (10) (11) (12) (13) (14) (15)

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.853.974 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 17.613 0 0 0 8.807 705 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 830.279 0 0 0 211.554 0 0 0 0 271.833 21.747 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 150 0 1.611 4.454 0 0 0 0 0 0 2.346 188 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 29.404 0 29.404 2.352 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 37.854 0 0 0 18.927 1.514 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 19.880 0 0 0 0 0 3.530.583 0 0 2.647.937 211.835 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 1.051.765 171.441 0 0 0 48.891 0 7.623.901 0 7.682.634 614.611 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 670 191.220 0 287.500 23.000 11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 1.678.967 1.435.123 114.810 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 1.973.094 1.533.278 122.662 Total Eksposur Neraca / Total Blance Sheet Exposure 4.925.769 1.001.719 1.611 4.454 0 315.911 3.530.583 7.653.975 191.220 3.652.062 13.917.789 1.113.423 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 75 497 0 0 0 0 0 0 0 0 99 8 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 0 0 0 50 0 0 0 0 0 0 20 2 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 413 0 0 413 33 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 218.689 0 0 0 0 0 403.551 0 0 0 302.664 24.213 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 285.432 0 0 0 0 0 0 60.295 0 0 60.295 4.824 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 504.197 497 0 50 0 0 403.551 60.708 0 0 363.491 29.079 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 176.047 0 0 0 12.509 0 0 0 0 10.169 814 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 05 0 0 0 0 0 0 0 0 0 0 0 0 Portfolio 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 0 176.047 0 0 0 12.509 0 0 0 0 10.169 814

260 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 Beban Kategori Portfolio Tagihan Bersih Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit Modal No. ATMR / RWA Portfolio Category Net Claims after Calculating Effect of Credit Risk Mitigation / Capital Charge 0% 20% 35% 40% 45% 50% 75% 100% 150% Lainnya

(1) (2) (3) (4) (5) (7) (8) (9) (10) (11) (12) (13) (14) (15)

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.853.974 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 17.613 0 0 0 8.807 705 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 830.279 0 0 0 211.554 0 0 0 0 271.833 21.747 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 150 0 1.611 4.454 0 0 0 0 0 0 2.346 188 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 29.404 0 29.404 2.352 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 37.854 0 0 0 18.927 1.514 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 19.880 0 0 0 0 0 3.530.583 0 0 2.647.937 211.835 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 1.051.765 171.441 0 0 0 48.891 0 7.623.901 0 7.682.634 614.611 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 670 191.220 0 287.500 23.000 11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 1.678.967 1.435.123 114.810 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 1.973.094 1.533.278 122.662 Total Eksposur Neraca / Total Blance Sheet Exposure 4.925.769 1.001.719 1.611 4.454 0 315.911 3.530.583 7.653.975 191.220 3.652.062 13.917.789 1.113.423 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 75 497 0 0 0 0 0 0 0 0 99 8 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 0 0 0 50 0 0 0 0 0 0 20 2 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 413 0 0 413 33 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 218.689 0 0 0 0 0 403.551 0 0 0 302.664 24.213 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 285.432 0 0 0 0 0 0 60.295 0 0 60.295 4.824 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 504.197 497 0 50 0 0 403.551 60.708 0 0 363.491 29.079 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 176.047 0 0 0 12.509 0 0 0 0 10.169 814 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 05 0 0 0 0 0 0 0 0 0 0 0 0 Portfolio 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 0 176.047 0 0 0 12.509 0 0 0 0 10.169 814

Annual Report 2014 | PT. BANK SINARMAS Tbk. 261 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 Beban Kategori Portfolio Tagihan Bersih Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit Modal No. ATMR / RWA Portfolio Category Net Claims after Calculating Effect of Credit Risk Mitigation / Capital Charge 0% 20% 35% 40% 45% 50% 75% 100% 150% Lainnya

(1) (2) (3) (4) (5) (7) (8) (9) (10) (11) (12) (13) (14) (15)

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.408.598 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 1.011 0 0 0 20.051 0 0 0 10.228 818 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 1.253.037 0 0 0 41.205 0 0 0 0 271.210 21.697 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 1.721 0 0 2.040 0 0 0 0 0 0 816 65 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 49.104 0 49.104 3.928 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 57.653 0 0 0 28.827 2.306 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 84.245 0 0 0 0 0 4.231.115 0 0 3.173.336 253.867 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 1.059.740 53.711 0 0 0 0 0 4.500.175 0 4.510.918 360.873 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 70 52.846 0 79.339 6.347 11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 1.379.874 1.027.135 82.171 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 878.313 446.823 35.746 Total Eksposur Neraca / Total Blance Sheet Exposure 4.554.303 1.307.759 0 2.040 0 118.909 4.231.115 4.549.349 52.846 2.258.187 9.597.734 767.819 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 98 0 0 0 0 0 0 0 0 20 2 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 0 0 0 100 0 0 0 0 0 0 40 3 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 1.182 0 0 1.182 95 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 161.471 0 0 0 0 0 386.823 0 0 0 290.117 23.209 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 15.481 0 0 0 0 0 0 70.578 0 0 70.578 5.646 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 176.952 98 0 100 0 0 386.823 71.760 0 0 361.937 28.955 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 312.118 0 0 0 0 0 0 0 0 12.485 999 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 05 0 0 0 0 0 0 0 0 0 0 0 0 Portfolio 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 0 312.118 0 0 0 0 0 0 0 0 12.485 999

262 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Beban Kategori Portfolio Tagihan Bersih Setelah Memperhitungkan Dampak Mitigasi Risiko Kredit Modal No. ATMR / RWA Portfolio Category Net Claims after Calculating Effect of Credit Risk Mitigation / Capital Charge 0% 20% 35% 40% 45% 50% 75% 100% 150% Lainnya

(1) (2) (3) (4) (5) (7) (8) (9) (10) (11) (12) (13) (14) (15)

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.408.598 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 1.011 0 0 0 20.051 0 0 0 10.228 818 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 1.253.037 0 0 0 41.205 0 0 0 0 271.210 21.697 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 1.721 0 0 2.040 0 0 0 0 0 0 816 65 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 49.104 0 49.104 3.928 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 57.653 0 0 0 28.827 2.306 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 84.245 0 0 0 0 0 4.231.115 0 0 3.173.336 253.867 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 1.059.740 53.711 0 0 0 0 0 4.500.175 0 4.510.918 360.873 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 70 52.846 0 79.339 6.347 11 Aset Lainnya / Other Assets 0 0 0 0 0 0 0 0 0 1.379.874 1.027.135 82.171 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 878.313 446.823 35.746 Total Eksposur Neraca / Total Blance Sheet Exposure 4.554.303 1.307.759 0 2.040 0 118.909 4.231.115 4.549.349 52.846 2.258.187 9.597.734 767.819 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 98 0 0 0 0 0 0 0 0 20 2 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 0 0 0 100 0 0 0 0 0 0 40 3 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 0 0 0 1.182 0 0 1.182 95 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 08 161.471 0 0 0 0 0 386.823 0 0 0 290.117 23.209 Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 15.481 0 0 0 0 0 0 70.578 0 0 70.578 5.646 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 176.952 98 0 100 0 0 386.823 71.760 0 0 361.937 28.955 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 0 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Banks 0 312.118 0 0 0 0 0 0 0 0 12.485 999 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail 05 0 0 0 0 0 0 0 0 0 0 0 0 Portfolio 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 0 312.118 0 0 0 0 0 0 0 0 12.485 999

Annual Report 2014 | PT. BANK SINARMAS Tbk. 263 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 4.2.a. Pengungkapan Tagihan Bersih dan Teknik Mitigasi Risiko Kredit - Bank secara Individual Table 4.2.a. Disclosure of Net Claims and Credit Risk Mitigation Techniques - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2013 Bagian yang Dijamin Dengan Kategori Portfolio Bagian Yang Tidak No. Portion Secured by Tagihan Bersih / Portfolio Category Dijamin Net Claims Tagihan Bersih Agunan Garansi Asuransi Kredit Lainnya Portion Unsecured Net Claims Collateral Guarantee Credit Insurance Others

(8) = (3)- (1) (2) (3) (4) (5) (7) (8) (9) [(4)+(5)+(6)+(7)]

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.853.974 3.853.974 0 0 0 0 3.408.598 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 17.613 0 0 0 0 17.613 21.062 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 1.041.833 0 0 0 0 1.041.833 1.294.241 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 6.215 150 0 0 0 6.065 3.760 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 29.404 0 0 0 0 29.404 49.104 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 37.854 0 0 0 0 37.854 57.653 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 3.550.463 19.880 0 0 0 3.530.583 4.315.360 09 Tagihan kepada Korporasi / Claims against Corporations 8.895.997 1.051.765 0 0 0 7.844.232 5.613.626 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 191.890 0 0 0 0 191.890 52.916 11 Aset Lainnya / Other Assets 1.678.967 0 0 0 0 1.678.967 1.379.874 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 1.973.094 0 0 0 0 1.973.094 1.271.209 Total Eksposur Neraca / Total Blance Sheet Exposure 21.277.305 4.925.769 0 0 0 16.351.536 17.467.404 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 572 75 0 0 0 497 98 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 50 0 0 0 0 50 100 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 413 0 0 0 0 413 1.182 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 622.241 218.689 0 0 0 403.551 548.294 09 Tagihan kepada Korporasi / Claims against Corporations 345.727 285.432 0 0 0 60.295 86.059 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 969.003 504.197 0 0 0 464.806 635.733 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 188.556 0 0 0 0 188.556 312.118 05 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 0 0 0 0 0 0 0 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 188.556 0 0 0 0 188.556 312.118

264 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Bagian yang Dijamin Dengan Kategori Portfolio Bagian Yang Tidak No. Portion Secured by Tagihan Bersih / Portfolio Category Dijamin Net Claims Tagihan Bersih Agunan Garansi Asuransi Kredit Lainnya Portion Unsecured Net Claims Collateral Guarantee Credit Insurance Others

(8) = (3)- (1) (2) (3) (4) (5) (7) (8) (9) [(4)+(5)+(6)+(7)]

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.853.974 3.853.974 0 0 0 0 3.408.598 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 17.613 0 0 0 0 17.613 21.062 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 1.041.833 0 0 0 0 1.041.833 1.294.241 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 6.215 150 0 0 0 6.065 3.760 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 29.404 0 0 0 0 29.404 49.104 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 37.854 0 0 0 0 37.854 57.653 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 3.550.463 19.880 0 0 0 3.530.583 4.315.360 09 Tagihan kepada Korporasi / Claims against Corporations 8.895.997 1.051.765 0 0 0 7.844.232 5.613.626 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 191.890 0 0 0 0 191.890 52.916 11 Aset Lainnya / Other Assets 1.678.967 0 0 0 0 1.678.967 1.379.874 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 1.973.094 0 0 0 0 1.973.094 1.271.209 Total Eksposur Neraca / Total Blance Sheet Exposure 21.277.305 4.925.769 0 0 0 16.351.536 17.467.404 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 572 75 0 0 0 497 98 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 50 0 0 0 0 50 100 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 413 0 0 0 0 413 1.182 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 622.241 218.689 0 0 0 403.551 548.294 09 Tagihan kepada Korporasi / Claims against Corporations 345.727 285.432 0 0 0 60.295 86.059 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 969.003 504.197 0 0 0 464.806 635.733 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 188.556 0 0 0 0 188.556 312.118 05 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 0 0 0 0 0 0 0 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 188.556 0 0 0 0 188.556 312.118

Annual Report 2014 | PT. BANK SINARMAS Tbk. 265 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 Bagian yang Dijamin Dengan Kategori Portfolio Bagian Yang Tidak No. Portion Secured by Tagihan Bersih / Portfolio Category Dijamin Net Claims Tagihan Bersih Agunan Garansi Asuransi Kredit Lainnya Portion Unsecured Net Claims Collateral Guarantee Credit Insurance Others

(8) = (3)- (1) (2) (3) (4) (5) (7) (8) (9) [(4)+(5)+(6)+(7)]

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.408.598 3.408.598 0 0 0 0 3.408.598 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 21.062 0 0 0 0 21.062 21.062 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 1.294.241 0 0 0 0 1.294.241 1.294.241 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 3.760 1.721 0 0 0 2.040 3.760 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 49.104 0 0 0 0 49.104 49.104 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 57.653 0 0 0 0 57.653 57.653 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 4.315.360 84.245 0 0 0 4.231.115 4.315.360 09 Tagihan kepada Korporasi / Claims against Corporations 5.613.626 1.059.740 0 0 0 4.553.886 5.613.626 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 52.916 0 0 0 0 52.916 52.916 11 Aset Lainnya / Other Assets 1.379.874 0 0 0 0 1.379.874 1.379.874 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 1.271.209 0 0 0 0 1.271.209 1.271.209 Total Eksposur Neraca / Total Blance Sheet Exposure 17.467.404 4.554.303 0 0 0 12.913.101 17.467.404 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 98 0 0 0 0 98 98 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 100 0 0 0 0 100 100 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 1.182 0 0 0 0 1.182 1.182 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 548.294 161.471 0 0 0 386.823 548.294 09 Tagihan kepada Korporasi / Claims against Corporations 86.059 15.481 0 0 0 70.578 86.059 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 635.733 176.952 0 0 0 458.781 635.733 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 312.118 0 0 0 0 312.118 312.118 05 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 0 0 0 0 0 0 0 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 312.118 0 0 0 0 312.118 312.118

266 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Bagian yang Dijamin Dengan Kategori Portfolio Bagian Yang Tidak No. Portion Secured by Tagihan Bersih / Portfolio Category Dijamin Net Claims Tagihan Bersih Agunan Garansi Asuransi Kredit Lainnya Portion Unsecured Net Claims Collateral Guarantee Credit Insurance Others

(8) = (3)- (1) (2) (3) (4) (5) (7) (8) (9) [(4)+(5)+(6)+(7)]

Eksposur Neraca / Balance Sheet Exposure

01 Tagihan kepada Pemerintah / Claims against Government 3.408.598 3.408.598 0 0 0 0 3.408.598 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 21.062 0 0 0 0 21.062 21.062 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 1.294.241 0 0 0 0 1.294.241 1.294.241 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 3.760 1.721 0 0 0 2.040 3.760 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 49.104 0 0 0 0 49.104 49.104 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 57.653 0 0 0 0 57.653 57.653 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 4.315.360 84.245 0 0 0 4.231.115 4.315.360 09 Tagihan kepada Korporasi / Claims against Corporations 5.613.626 1.059.740 0 0 0 4.553.886 5.613.626 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 52.916 0 0 0 0 52.916 52.916 11 Aset Lainnya / Other Assets 1.379.874 0 0 0 0 1.379.874 1.379.874 12 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 1.271.209 0 0 0 0 1.271.209 1.271.209 Total Eksposur Neraca / Total Blance Sheet Exposure 17.467.404 4.554.303 0 0 0 12.913.101 17.467.404 Eksposur Kewajiban Komitmen/Kontinjensi pd Transaksi Rekening Administratif / Commitment/Contingency Exposure in Administrative Account Transactions 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 98 0 0 0 0 98 98 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 100 0 0 0 0 100 100 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 1.182 0 0 0 0 1.182 1.182 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 0 0 0 08 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 548.294 161.471 0 0 0 386.823 548.294 09 Tagihan kepada Korporasi / Claims against Corporations 86.059 15.481 0 0 0 70.578 86.059 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 0 0 0 0 0 0 0 11 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur TRA / Total Exposure of Administrative Account 635.733 176.952 0 0 0 458.781 635.733 Eksposur akibat Kegagalan Pihak Lawan / Counterparty Credit Risk 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 0 0 0 03 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against Multilateral Development Banks and International Institutions 0 0 0 0 0 0 0 04 Tagihan kepada Bank / Claims against Banks 312.118 0 0 0 0 312.118 312.118 05 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist MSMEs and Retail Portfolio 0 0 0 0 0 0 0 06 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 0 0 0 07 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business Unit (if available) 0 0 0 0 0 0 0 Total Eksposur Counterparty Credit Risk / Total Exposure of Counterparty Credit Risk 312.118 0 0 0 0 312.118 312.118

Annual Report 2014 | PT. BANK SINARMAS Tbk. 267 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 5.1.a. Pengungkapan Transaksi Sekuritisasi - Bank secara Individual Table 5.1.a. Disclosure of Securitization Transactions - Bank Unconsolidatedv (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2014 31 Desember 2013 Nilai aset yang Laba/Rugi Nilai aset yg Nilai aset yang disekuritisasi yang Laba/Rugi disekuritisasi yang Kategori Portfolio Pengurang Nilai aset yg dari aktivitas Pengurang disekuritisasi mengalami penurunan nilai / dari aktivitas mengalami penurunan No. Modal disekuritisasi sekuritisasi Modal Portfolio Category / Value of Impairment value of securitized assets sekuritisasi / ATMR / RWA nilai / Impairment value of ATMR / RWA / Capital / Value of / Profit/ / Capital Securitized Profit/Loss from securitized assets Reduction Securitized Asset Loss from Reduction Asset Securitization Telah jatuh / Belum Jatuh / Telah jatuh / Belum Jatuh Securitization Mature Outstanding Mature / Outstanding (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) Bank bertindak sebagai Kreditur Asal / Bank 01 0 0 0 0 0 0 0 0 0 0 0 0 acts as Originating Creditor Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Penyedia Kredit 02 Pendukung / Bank acts as Provider of 0 0 0 0 0 0 0 0 0 0 0 0 Supporting Credit a. Fasilitas penanggung risiko pertama / First 0 0 0 0 0 0 0 0 0 0 0 0 risk bearing facility Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) b. Fasilitas penanggung risiko kedua / Second 0 0 0 0 0 0 0 0 0 0 0 0 risk bearing facility Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Penyedia Fasilitas 03 Likuiditas / Bank acts as provider of Liquidity 0 0 0 0 0 0 0 0 0 0 0 0 Facility Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Penyedia Jasa / Bank 04 0 0 0 0 0 0 0 0 0 0 0 0 acts as Service Provider Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Bank Kustodian / Bank 05 0 0 0 0 0 0 0 0 0 0 0 0 acts as Custodian Bank Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Pemodal / Bank acts as 06 0 0 0 0 0 0 0 0 0 0 0 0 Investor a. Senior tranche 0 0 0 0 0 0 0 0 0 0 0 0 Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) b. Junior tranche 0 0 0 0 0 0 0 0 0 0 0 0 Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house)

268 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2014 31 Desember 2013 Nilai aset yang Laba/Rugi Nilai aset yg Nilai aset yang disekuritisasi yang Laba/Rugi disekuritisasi yang Kategori Portfolio Pengurang Nilai aset yg dari aktivitas Pengurang disekuritisasi mengalami penurunan nilai / dari aktivitas mengalami penurunan No. Modal disekuritisasi sekuritisasi Modal Portfolio Category / Value of Impairment value of securitized assets sekuritisasi / ATMR / RWA nilai / Impairment value of ATMR / RWA / Capital / Value of / Profit/ / Capital Securitized Profit/Loss from securitized assets Reduction Securitized Asset Loss from Reduction Asset Securitization Telah jatuh / Belum Jatuh / Telah jatuh / Belum Jatuh Securitization Mature Outstanding Mature / Outstanding (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) Bank bertindak sebagai Kreditur Asal / Bank 01 0 0 0 0 0 0 0 0 0 0 0 0 acts as Originating Creditor Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Penyedia Kredit 02 Pendukung / Bank acts as Provider of 0 0 0 0 0 0 0 0 0 0 0 0 Supporting Credit a. Fasilitas penanggung risiko pertama / First 0 0 0 0 0 0 0 0 0 0 0 0 risk bearing facility Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) b. Fasilitas penanggung risiko kedua / Second 0 0 0 0 0 0 0 0 0 0 0 0 risk bearing facility Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Penyedia Fasilitas 03 Likuiditas / Bank acts as provider of Liquidity 0 0 0 0 0 0 0 0 0 0 0 0 Facility Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Penyedia Jasa / Bank 04 0 0 0 0 0 0 0 0 0 0 0 0 acts as Service Provider Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Bank Kustodian / Bank 05 0 0 0 0 0 0 0 0 0 0 0 0 acts as Custodian Bank Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) Bank bertindak sebagai Pemodal / Bank acts as 06 0 0 0 0 0 0 0 0 0 0 0 0 Investor a. Senior tranche 0 0 0 0 0 0 0 0 0 0 0 0 Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house) b. Junior tranche 0 0 0 0 0 0 0 0 0 0 0 0 Jenis eksposur (contoh: tagihan beragun rumah tinggal) / Exposure type (e.g: Claim 0 0 0 0 0 0 0 0 0 0 0 0 secured by dwelling house)

Annual Report 2014 | PT. BANK SINARMAS Tbk. 269 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 5.2.a. Pengungkapan Ringkasan Aktivitas Transaksi Sekuritisasi Bank Bertindak Sebagai Kreditur Asal - Bank secara Individual Table 5.2.a Disclosure of Summarized Securitization Transactions by Bank Acting as Originating Creditor - Bank Unconsolidated

(Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Kategori Portfolio No. Nilai Aset Yang Keuntungan (Kerugian) Nilai Aset Yang Keuntungan (Kerugian) Portfolio Category Disekuritisasi / Value of Penjualan / Profit (Loss) on Disekuritisasi / Value of Penjualan / Profit (Loss) on Securitized Assets Sale Securitized Assets Sale (1) (2) (5) (6) 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / 03 0 0 0 0 Claims against Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 0 0 0 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 0 0 0 0 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist 08 0 0 0 0 MSMEs and Retail Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 10 Aset Lainnya / Other Assets 0 0 0 0 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business 11 0 0 0 0 Unit (if available) Total 0 0 0 0

Tabel 6.1.1. Pengungkapan Eksposur Aset di Neraca Table 6.1.1. Disclosure of Assets on Bank Balance Sheet Exposure (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Kategori Portfolio No. ATMR Sebelum ATMR Setelah ATMR Sebelum ATMR Setelah Portfolio Category Tagihan Bersih Tagihan Bersih MRK MRK MRK MRK (1) (2) (3) (4) (5) (6) (7) (8) 01 Tagihan kepada Pemerintah / Claims against Government 3,853,974 0 0 3,269,386 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 17,613 8,807 8,807 21,062 10,228 10,228 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga 03 Internasional / Claims against Multilateral Development Banks and 0 0 0 0 0 0 International Institutions 04 Tagihan kepada Bank / Claims against Bank 1,041,833 271,833 271,833 1,294,241 271,210 271,210 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 6,215 2,405 2,346 3,760 1,504 816 Kredit Beragun Properti Komersial / Collateralized Commercial Property 06 29,404 29,404 29,404 49,104 49,104 49,104 Loans 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 37,854 18,927 18,927 57,653 28,827 28,827 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims 08 3,550,463 2,662,847 2,647,937 4,315,360 3,236,520 3,173,336 agaist MSMEs and Retail Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 8,895,997 8,734,399 7,682,634 5,613,626 5,570,658 4,510,918 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 191,890 287,500 287,500 52,916 79,339 79,339 11 Aset Lainnya / Other Assets 1,678,967 0 1,435,123 1,379,874 0 1,027,135 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business 12 1,973,094 0 1,533,278 1,271,209 0 859,034 Unit (if available) Total 21,277,305 12,016,123 13,917,789 17,328,193 9,247,389 10,009,945

270 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2013 Kategori Portfolio No. Nilai Aset Yang Keuntungan (Kerugian) Nilai Aset Yang Keuntungan (Kerugian) Portfolio Category Disekuritisasi / Value of Penjualan / Profit (Loss) on Disekuritisasi / Value of Penjualan / Profit (Loss) on Securitized Assets Sale Securitized Assets Sale (1) (2) (5) (6) 01 Tagihan kepada Pemerintah / Claims against Government 0 0 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 0 0 0 0 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / 03 0 0 0 0 Claims against Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 0 0 0 0 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 0 0 0 0 06 Kredit Beragun Properti Komersial / Collateralized Commercial Property Loans 0 0 0 0 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 0 0 0 0 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims agaist 08 0 0 0 0 MSMEs and Retail Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 0 0 0 0 10 Aset Lainnya / Other Assets 0 0 0 0 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business 11 0 0 0 0 Unit (if available) Total 0 0 0 0

31 Desember 2014 31 Desember 2013 Kategori Portfolio No. ATMR Sebelum ATMR Setelah ATMR Sebelum ATMR Setelah Portfolio Category Tagihan Bersih Tagihan Bersih MRK MRK MRK MRK (1) (2) (3) (4) (5) (6) (7) (8) 01 Tagihan kepada Pemerintah / Claims against Government 3,853,974 0 0 3,269,386 0 0 02 Tagihan kepada Entitas Sektor Publik / Claims against Public Sector Entities 17,613 8,807 8,807 21,062 10,228 10,228 Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga 03 Internasional / Claims against Multilateral Development Banks and 0 0 0 0 0 0 International Institutions 04 Tagihan kepada Bank / Claims against Bank 1,041,833 271,833 271,833 1,294,241 271,210 271,210 05 Kredit Beragun Rumah Tinggal / Collateralized Housing Loans 6,215 2,405 2,346 3,760 1,504 816 Kredit Beragun Properti Komersial / Collateralized Commercial Property 06 29,404 29,404 29,404 49,104 49,104 49,104 Loans 07 Kredit Pegawai/ Pensiunan / Loans to Employees/Pensioners 37,854 18,927 18,927 57,653 28,827 28,827 Tagihan kepada Usaha Mikro, Usaha Kecil dan Portofolio Ritel / Claims 08 3,550,463 2,662,847 2,647,937 4,315,360 3,236,520 3,173,336 agaist MSMEs and Retail Portfolio 09 Tagihan kepada Korporasi / Claims against Corporations 8,895,997 8,734,399 7,682,634 5,613,626 5,570,658 4,510,918 10 Tagihan yang Telah Jatuh Tempo / Mature Claims 191,890 287,500 287,500 52,916 79,339 79,339 11 Aset Lainnya / Other Assets 1,678,967 0 1,435,123 1,379,874 0 1,027,135 Eksposur di Unit Usaha Syariah (apabila ada) / Exposure in Sharia Business 12 1,973,094 0 1,533,278 1,271,209 0 859,034 Unit (if available) Total 21,277,305 12,016,123 13,917,789 17,328,193 9,247,389 10,009,945

Annual Report 2014 | PT. BANK SINARMAS Tbk. 271 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 6.1.2. Pengungkapan Eksposur Kewajiban Komitmen/Kontinjensi pada Transaksi Rekening Administratif Table 6.1.2. Disclosure of Exposure to Commitment/Contingency from Adminstrative Account Transactions (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013

Kategori Portfolio ATMR ATMR No. ATMR Setelah ATMR Setelah Portfolio Category Tagihan Bersih Sebelum MRK Tagihan Bersih Sebelum MRK MRK / RWA MRK / RWA / Net Claims / RWA Before / Net Claims / RWA Before After MRK After MRK MRK MRK (1) (2) (6) (7) (8) Tagihan kepada Pemerintah / Claims 01 0 0 0 0 0 0 against Government Tagihan kepada Entitas Sektor Publik / 02 0 0 0 0 0 0 Claims against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional 03 / Claims against Multilateral 0 0 0 0 0 0 Development Banks and International Institutions Tagihan kepada Bank / Claims against 04 572 114 99 98 20 20 Bank Kredit Beragun Rumah Tinggal / 05 50 20 20 100 40 40 Collateralized Housing Loans Kredit Beragun Properti Komersial / 06 Collateralized Commercial Property 413 413 413 1.182 1.182 1.182 Loans Kredit Pegawai/ Pensiunan / Loans to 07 0 0 0 0 0 0 Employees/Pensioners Tagihan kepada Usaha Mikro, Usaha 08 Kecil dan Portofolio Ritel / Claims 622.241 466.681 302.664 548.294 411.221 290.117 agaist MSMEs and Retail Portfolio Tagihan kepada Korporasi / Claims 09 345.727 345.727 60.295 86.059 86.059 70.578 against Corporations Tagihan yang Telah Jatuh Tempo / 10 0 0 0 0 0 0 Mature Claims Total 969.003 812.955 363.491 635.733 498.521 361.937

Tabel 6.1.3. Pengungkapan Eksposur yang Menimbulkan Risiko Kredit akibat Kegagalan Pihak Lawan Table 6.1.3. Disclosure of Exposure Arising from Counterparty Credit Risk (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013

Kategori Portfolio ATMR ATMR ATMR ATMR No. Tagihan Tagihan Portfolio Category Sebelum Setelah MRK Sebelum Setelah MRK Bersih / Net Bersih / Net MRK / RWA / RWA After MRK / RWA / RWA After Claims Claims Before MRK MRK Before MRK MRK (1) (2) (3) (4) (5) (6) (7) (8) Tagihan kepada Pemerintah / Claims against 01 0 0 0 139.211 0 0 Government Tagihan kepada Entitas Sektor Publik / Claims 02 0 0 0 0 0 0 against Public Sector Entities Tagihan Kepada Bank Pembangunan Multilateral dan Lembaga Internasional / Claims against 03 0 0 0 0 0 0 Multilateral Development Banks and International Institutions 04 Tagihan kepada Bank / Claims against Bank 188.556 41.464 10.169 312.118 62.424 12.485 Tagihan kepada Usaha Mikro, Usaha Kecil dan 05 Portofolio Ritel / Claims agaist MSMEs and Retail 0 0 0 0 0 0 Portfolio Tagihan kepada Korporasi / Claims against 06 0 0 0 0 0 0 Corporations 07 Total 188.556 41.464 10.169 451.329 62.424 12.485

272 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Tabel 6.1.4. Pengungkapan Eksposur yang Menimbulkan Risiko Kredit akibat Kegagalan Setelmen (settlementrisk) Table 6.1.4. Disclosure of Exposure to Settlement Risk (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013

Faktor Faktor Kategori Portfolio Pengurang ATMR Pengurang ATMR No. Nilai Nilai Portfolio Category Modal Setelah MRK Modal Setelah MRK Eksposur / Eksposur / / Capital / RWA After / Capital / RWA After Value Value Reduction MRK Reduction MRK Factors Factors (1) (2) (6) (7) (8) 01 Delivery versus payment 0 0 0 0 a. Beban Modal 8% (5-15 hari) / Capital Charge 0 0 0 0 8% (5-15 days) b. Beban Modal 50% (16-30 hari) / Capital 0 0 0 0 Charge 50% (16-30 days) c. Beban Modal 75% (31-45 hari) / Capital 0 0 0 0 Charge 75% (31-45 days) d. Beban Modal 100% (lebih dari 45 hari) / 0 0 0 0 Capital Charge 100% (more than 45 days) 02 Non-delivery versus payment 0 0 0 0 Total 0 0 0 0 0 0

Tabel 6.1.5. Pengungkapan Eksposur Sekuritisasi Table 6.1.5. Disclosure of Securitization Exposure (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013

No. Jenis Transaksi / Transaction Type Faktor Pengurang Faktor Pengurang Modal / Capital ATMR / RWA Modal / Capital ATMR / RWA Reduction Factors Reduction Factors (1) (2) (5) (6) Fasilitas Kredit Pendukung yang Memenuhi 01 Persyaratan / Supporting Credit Facilites that Meet 0 0 0 0 the Requirements Fasilitas Kredit Pendukung yang Tidak Memenuhi 02 Persyaratan / Supporting Credit Facilites that do 0 0 0 0 not Meet Requirements Fasilitas Likuiditas yang Memenuhi Persyaratan / 03 0 0 Liquidity Facilities that Meet the Requirements Fasilitas Likuiditas yang Tidak Memenuhi 04 Persyaratan / Liquidity Facilities that do not Meet 0 0 0 0 the Requirements Pembelian Efek Beragun Aset yang Memenuhi 05 Persyaratan / Purchase of Asset-backed that Meet 0 0 0 0 the Requirements Pembelian Efek Beragun Aset yang Tidak 06 Memenuhi Persyaratan / Purchase of Asset-backed 0 0 0 0 that do not Meet the Requirements Eksposur Sekuritisasi yang tidak tercakup dalam ketentuan Bank Indonesia mengenai prinsip-prinsip kehati-hatian dalam aktivitas sekuritisasi aset bagi bank umum / 07 0 0 Securitization exposure not covered by Bank Indonesia regulations on the application of prudent principles to asset securitization by commercial banks

Total 0 0 0 0

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 6.1.6. Pengungkapan Eksposur di Unit Usaha Syariah Table 6.1.6. Disclosure of Business Unit Sharia Exposure (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Faktor Faktor Pengurang Pengurang No. Jenis Transaksi / Transaction Type Modal Modal ATMR / RWA ATMR / RWA / Capital / Capital Reduction Reduction Factors Factors (1) (3) (4) (5) (6) Aktiva Neraca ( Rupiah & Valas ) / Balance of Assets (Rupiah & Forex) 01 Kas / Cash 0 0 0 0 02 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 0 0 0 0 03 Giro wadiah pada Bank Indonesia 0 0 0 0 04 Lainnya / Others 0 0 0 0 Penempatan / Tagihan pada bank lain : / Placements / Due from 05 0 0 0 0 other banks 06 Pada bank lain / With other banks 0 0 42 519 07 Surat berharga yang dimiliki / securities 0 0 0 0 Surat berharga pasar uang/pasar modal Syariah / Financial market/ 08 0 0 0 0 Sharia capital market securities Yang diterbitkan atau dijamin oleh bank sentral dan pemerintah 09 0 0 0 0 pusat / Issued or insured by the central bank and government Yang diterbitkan atau dijamin oleh pihak swasta lainnya: / Issued or 10 0 0 0 0 insured by private parties Perusahaan dengan rating AAA s.d AA-/ Companies with the rating 11 190 2.371 366 4.571 of AAA s.d AA- 12 Piutang / Receivables 0 0 0 0 13 Piutang kepada atau dijaminkan: / Receivables to or insured: 0 0 0 0 14 Pihak-pihak lainnya / Other parties 0 4 56 15 Perusahaan tidak memiliki rating / Unrated companies 1.665 20.809 1.958 24.475 16 Piutang kepada usaha kecil / receivables to small enterprises 8 103 25 307 Piutang kepada pegawai / pensiunan / Receivables to employees / 17 26.597 332.467 20.807 260.085 pensioner 18 Pembiayaan / Financing 0 0 0 0 19 Pihak-pihak lainnya / Other parties 68 845 598 7.477 20 Perusahaan tidak memiliki rating / Unrated companies 82.560 1.032.004 34.499 431.241 Ijarah (dikurangi dengan akumulasi penyusutan/amortisasi aktiva 21 ijarah) / Ijarah (net of accumulation of depreciation/amortization of 0 0 0 0 ijarah assets) Aktiva Ijarah yang disewakan kepada atau dijamin : / Ijarah Assets 22 0 0 0 0 leased or as collateral 23 Pihak-pihak lainnya / Other parties 4.897 61.214 4.776 59.696 24 Perusahaan tidak memiliki rating / Unrated companies 0 0 1.380 17.248 Piutang kepada pegawai / pensiunan / Receivables to employees / 25 918 11.476 683 8.540 pensioner Aktiva tetap dan Inventaris (nilai buku) / Fixed assets and Inventory 26 0 0 0 0 (book value) 27 Inventaris +/+ / Inventory +/+ 3.566 44.580 2.386 29.831 Akumulasi penyusutan inventaris -/- / Accumulation of inventory 28 0 0 0 0 depreciation -/- 29 Rupa-rupa Aktiva / Other Assets 2.193 27.409 1.199 14.988 Total Eksposur / Total Exposure 122.662 1.533.278 68.723 859.034

274 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Tabel 6.1.7.Pengungkapan Total Pengukuran Risiko Kredit Table 6.1.7. Disclosure of Total Credit Risks (Dalam jutaan Rupiah / In million Rupiah)

No. Jenis Transaksi / Transaction Type 31 Desember 2014 31 Desember 2013 (1) (2) (3) (4) 01 TOTAL ATMR RISIKO KREDIT / TOTAL RWA CREDIT RISKS 14.291.448 10.384.365 TOTAL FAKTOR PENGURANG MODAL / TOTAL CAPITAL 02 1.143.316 830.749 REDUCTION FACTORS

Tabel 6.2.6. Pengungkapan Eksposur di Unit Usaha Syariah Table 6.2.6. Disclosure of Business Unit Sharia Exposure (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 No. Jenis Transaksi / Transaction Type Modal / Capital ATMR / RWA Modal / Capital ATMR / RWA (1) (2) (3) (4) (3) (4) 01 Total Eksposur 268.832 1.533.278 215.809 859.034 TOTAL ATMR RISIKO KREDIT / TOTAL RWA CREDIT 1.533.278 859.034 RISKS TOTAL FAKTOR PENGURANG MODAL / TOTAL CAPITAL 122.662 68.723 REDUCTION FACTORS

Tabel 7.1. Pengungkapan Risiko Pasar Dengan Menggunakan Metode Standar Table 7.1. Disclosure of Market Risk using Standardized Method

(Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Bank Bank No. Jenis Risiko / Type of Risk Beban Beban Modal Modal ATMR / RWA ATMR / RWA / Capital / Capital Charge Charge (1) (2) (3) (4) (5) (6) 01 Risiko Suku Bunga / Interest Rate Risks 5.444 68.048 15.527 194.088 a. Risiko Spesifik / Specific Risks 2.952 36.898 9.887 123.588 b. Risiko Umum / General Risks 2.492 31.150 5.640 70.500 02 Risiko Nilai Tukar / Exchange Rate Risks 438 5.478 1.565 19.568 03 Risiko Ekuitasv / Equity Risks *) 0 0 0

04 Risiko Komoditas / Commodity Risks *) 0 0 0 05 Risiko Option / Option Risks 0 0 0 0

Total 5.882 73.526 17.092 213.655

Annual Report 2014 | PT. BANK SINARMAS Tbk. 275 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

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Tabel 7.2.a Pengungkapan Risiko Pasar Dengan Menggunakan Model Internal (Value at Risk/VaR) - Bank secara Individual Table 7.2.a. Disclosure of Market Risk using Internal Model (Value at Risk/VaR) - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 VaR VaR Akhir VaR Rata- VaR No. Jenis Risiko / Type of Risk Maksimum Periode / VaR Rata-rata / Average VaR Maksimum / VaR Minimum / Minimum VaR Akhir Periode / VaR at rata / Minimum / / Maximum VaR at End VaR Maximum VaR VaR End Period Average VaR Minimum VaR VaR Period (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 01 Risiko Suku Bunga / Interest Rate Risks 0 0 0 0 0 0 0 0 02 Risiko Nilai Tukar / Exchange Rate Risks 0 0 0 0 0 0 0 0 03 Risiko Option / Option Risks 0 0 0 0 0 0 0 0 Total 0 0 0 0 0 0 0 0

Tabel 8.1.a. Pengungkapan Kuantitatif Risiko Operasional - Bank secara Individual Tabel 8.1.a. Quantitative Disclosure on the Risk Operation - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 31 Desember 2013 Pendapatan Bruto Pendekatan Yang Digunakan (Rata-rata 3 tahun Pendapatan Bruto (Rata-rata 3 tahun No. Beban Modal / Approach Used terakhir) / Gross ATMR / RWA terakhir) / Gross Income (Average of the Beban Modal / Capital Charge ATMR / RWA Capital Charge Income (Average of Last 3 Years) the Last 3 Years) (1) (2) (6) (7) (8) Pendekatan Indikator Dasar / Base 01 977.144 146.572 1.832.145 795.135 119.270 1.490.878 Indicator Approach Total 977.144 146.572 1.832.145 795.135 119.270 1.490.878

276 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 31 Desember 2013 VaR VaR Akhir VaR Rata- VaR No. Jenis Risiko / Type of Risk Maksimum Periode / VaR Rata-rata / Average VaR Maksimum / VaR Minimum / Minimum VaR Akhir Periode / VaR at rata / Minimum / / Maximum VaR at End VaR Maximum VaR VaR End Period Average VaR Minimum VaR VaR Period (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 01 Risiko Suku Bunga / Interest Rate Risks 0 0 0 0 0 0 0 0 02 Risiko Nilai Tukar / Exchange Rate Risks 0 0 0 0 0 0 0 0 03 Risiko Option / Option Risks 0 0 0 0 0 0 0 0 Total 0 0 0 0 0 0 0 0

31 Desember 2014 31 Desember 2013 Pendapatan Bruto Pendekatan Yang Digunakan (Rata-rata 3 tahun Pendapatan Bruto (Rata-rata 3 tahun No. Beban Modal / Approach Used terakhir) / Gross ATMR / RWA terakhir) / Gross Income (Average of the Beban Modal / Capital Charge ATMR / RWA Capital Charge Income (Average of Last 3 Years) the Last 3 Years) (1) (2) (6) (7) (8) Pendekatan Indikator Dasar / Base 01 977.144 146.572 1.832.145 795.135 119.270 1.490.878 Indicator Approach Total 977.144 146.572 1.832.145 795.135 119.270 1.490.878

Annual Report 2014 | PT. BANK SINARMAS Tbk. 277 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 9.1.a. Pengungkapan Profil Maturitas Rupiah - Bank secara Individual Table 9.1.a. Disclosure of Rupiah Maturities Profile - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 322.195 322.195 0 0 0 0 2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 2.559.323 2.559.323 0 0 0 0 3 Penempatan pada Bank lain / Placements with Other Banks 201.432 158.532 0 24.079 18.821 0 4 Surat Berharga / Securities 1.144.618 10.001 135.627 124.069 203.678 671.243 5 Kredit yang Diberikan / Loans 11.832.281 483.275 788.827 798.584 3.085.849 6.675.747 6 Tagihan lainnya / Other Receivables 37.015 13.071 18.353 5.591 0 0 7 Lain-lain / Others 173.800 173.800 0 0 0 0 Total Aset / Total Assets 16.270.664 3.720.197 942.807 952.323 3.308.348 7.346.990 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 13.289.209 11.278.548 1.114.108 572.254 324.299 0 2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0 3 Kewajiban pada bank lain / Funds from Other Banks 686.970 641.970 9.500 35.500 0 0 4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0 5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0 6 Kewajiban lainnya / Other Liabilities 37.079 13.135 18.353 5.591 0 0 7 Lain-lain / Miscellanous 0 0 0 0 0 0 Total Kewajiban / Total Liabilities 14.013.258 11.933.653 1.141.961 613.345 324.299 0 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 2.257.406 (8.213.456) (199.154) 338.978 2.984.049 7.346.990 Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 0 0 0 0 0 0 2 Kontinjensi / Contingencies 8.786 8.786 0 0 0 0 Total Tagihan Rekening Administratif / Total Administrative Account Claims 8.786 8.786 0 0 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 1.511.426 27.353 266.364 517.988 353.242 346.479 2 Kontinjensi / Contingencies 920.026 322.783 78.119 175.914 202.234 140.976 Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 2.431.452 350.136 344.483 693.902 555.476 487.455 Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (2.422.666) (341.350) (344.483) (693.902) (555.476) (487.455) Administrative Account Claims and Liabilities Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (165.260) (8.554.806) (543.637) (354.924) 2.428.573 6.859.535 Selisih Kumulatif / Cumulative Difference 0 (8.554.806) (9.098.444) (9.453.368) (7.024.795) (165.260)

278 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 322.195 322.195 0 0 0 0 2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 2.559.323 2.559.323 0 0 0 0 3 Penempatan pada Bank lain / Placements with Other Banks 201.432 158.532 0 24.079 18.821 0 4 Surat Berharga / Securities 1.144.618 10.001 135.627 124.069 203.678 671.243 5 Kredit yang Diberikan / Loans 11.832.281 483.275 788.827 798.584 3.085.849 6.675.747 6 Tagihan lainnya / Other Receivables 37.015 13.071 18.353 5.591 0 0 7 Lain-lain / Others 173.800 173.800 0 0 0 0 Total Aset / Total Assets 16.270.664 3.720.197 942.807 952.323 3.308.348 7.346.990 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 13.289.209 11.278.548 1.114.108 572.254 324.299 0 2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0 3 Kewajiban pada bank lain / Funds from Other Banks 686.970 641.970 9.500 35.500 0 0 4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0 5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0 6 Kewajiban lainnya / Other Liabilities 37.079 13.135 18.353 5.591 0 0 7 Lain-lain / Miscellanous 0 0 0 0 0 0 Total Kewajiban / Total Liabilities 14.013.258 11.933.653 1.141.961 613.345 324.299 0 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 2.257.406 (8.213.456) (199.154) 338.978 2.984.049 7.346.990 Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 0 0 0 0 0 0 2 Kontinjensi / Contingencies 8.786 8.786 0 0 0 0 Total Tagihan Rekening Administratif / Total Administrative Account Claims 8.786 8.786 0 0 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 1.511.426 27.353 266.364 517.988 353.242 346.479 2 Kontinjensi / Contingencies 920.026 322.783 78.119 175.914 202.234 140.976 Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 2.431.452 350.136 344.483 693.902 555.476 487.455 Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (2.422.666) (341.350) (344.483) (693.902) (555.476) (487.455) Administrative Account Claims and Liabilities Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (165.260) (8.554.806) (543.637) (354.924) 2.428.573 6.859.535 Selisih Kumulatif / Cumulative Difference 0 (8.554.806) (9.098.444) (9.453.368) (7.024.795) (165.260)

Annual Report 2014 | PT. BANK SINARMAS Tbk. 279 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 345.659 345.659 0 0 0 0 2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 1.351.774 1.351.774 0 0 0 0 3 Penempatan pada Bank lain / Placements with Other Banks 79.097 79.095 0 2 0 0 4 Surat Berharga / Securities 920.457 0 108.008 58.002 217.073 537.374 5 Kredit yang Diberikan / Loans 9.662.466 118.051 494.918 728.074 2.543.578 5.777.845 6 Tagihan lainnya / Other Receivables 139.240 139.240 0 0 0 0 7 Lain-lain / Others 0 0 0 0 0 0 Total Aset / Total Assets 12.498.693 2.033.819 602.926 786.078 2.760.651 6.315.219 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 10.338.363 9.414.210 405.940 254.769 263.444 0 2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0 3 Kewajiban pada bank lain / Funds from Other Banks 220.483 176.746 183 43.554 0 4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0 5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0 6 Kewajiban lainnya / Other Liabilities 0 0 0 0 0 0 7 Lain-lain / Miscellanous 0 0 0 0 0 0 Total Kewajiban / Total Liabilities 10.558.846 9.590.956 406.123 298.323 263.444 0 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 1.939.847 (7.557.137) 196.803 487.755 2.497.207 6.315.219 Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 0 0 0 0 0 0 2 Kontinjensi / Contingencies 27.934 27.934 0 0 0 0 Total Tagihan Rekening Administratif / Total Administrative Account Claims 27.934 27.934 0 0 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 1.004.717 22.159 220.737 316.525 308.043 137.253 2 Kontinjensi / Contingencies 1.001.957 349.792 56.670 203.470 277.143 114.882 Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 2.006.674 371.951 277.407 519.995 585.186 252.135 Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (1.978.740) (344.017) (277.407) (519.995) (585.186) (252.135) Administrative Account Claims and Liabilities Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (38.893) (7.901.154) (80.604) (32.240) 1.912.021 6.063.084 Selisih Kumulatif / Cumulative Difference 0 (7,901,154) (7,981,758) (8,013,998) (6,101,977) (38,893)

280 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 345.659 345.659 0 0 0 0 2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 1.351.774 1.351.774 0 0 0 0 3 Penempatan pada Bank lain / Placements with Other Banks 79.097 79.095 0 2 0 0 4 Surat Berharga / Securities 920.457 0 108.008 58.002 217.073 537.374 5 Kredit yang Diberikan / Loans 9.662.466 118.051 494.918 728.074 2.543.578 5.777.845 6 Tagihan lainnya / Other Receivables 139.240 139.240 0 0 0 0 7 Lain-lain / Others 0 0 0 0 0 0 Total Aset / Total Assets 12.498.693 2.033.819 602.926 786.078 2.760.651 6.315.219 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 10.338.363 9.414.210 405.940 254.769 263.444 0 2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0 3 Kewajiban pada bank lain / Funds from Other Banks 220.483 176.746 183 43.554 0 4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0 5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0 6 Kewajiban lainnya / Other Liabilities 0 0 0 0 0 0 7 Lain-lain / Miscellanous 0 0 0 0 0 0 Total Kewajiban / Total Liabilities 10.558.846 9.590.956 406.123 298.323 263.444 0 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 1.939.847 (7.557.137) 196.803 487.755 2.497.207 6.315.219 Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 0 0 0 0 0 0 2 Kontinjensi / Contingencies 27.934 27.934 0 0 0 0 Total Tagihan Rekening Administratif / Total Administrative Account Claims 27.934 27.934 0 0 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 1.004.717 22.159 220.737 316.525 308.043 137.253 2 Kontinjensi / Contingencies 1.001.957 349.792 56.670 203.470 277.143 114.882 Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 2.006.674 371.951 277.407 519.995 585.186 252.135 Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (1.978.740) (344.017) (277.407) (519.995) (585.186) (252.135) Administrative Account Claims and Liabilities Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (38.893) (7.901.154) (80.604) (32.240) 1.912.021 6.063.084 Selisih Kumulatif / Cumulative Difference 0 (7,901,154) (7,981,758) (8,013,998) (6,101,977) (38,893)

Annual Report 2014 | PT. BANK SINARMAS Tbk. 281 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tabel 9.2.a. Pengungkapan Profil Maturitas Valas - Bank secara Individual Table 9.2.a. Disclosure of Foreign Exchange Maturities Profile - Bank Unconsolidated (Dalam jutaan Rupiah / In million Rupiah)

31 Desember 2014 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 48.796 48.796 0 0 0 0

2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 359.642 359.642 0 0 0 0

3 Penempatan pada Bank lain / Placements with Other Banks 493.227 488.598 4.629 0 0 0

4 Surat Berharga / Securities 306.677 21.576 130.148 61.521 0 93.432

5 Kredit yang Diberikan / Loans 2.561.122 1.266 182.427 243.989 1.080.470 1.052.970

6 Tagihan lainnya / Other Receivables 30.821 11.879 15.076 3.866 0 0

7 Lain-lain / Others 173.800 173.800 0 0 0 0

Total Aset / Total Assets 3.974.085 1.105.556 332.280 309.376 1.080.470 1.146.402 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 3.657.022 2.500.445 525.522 477.483 153.572 0

2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0

3 Kewajiban pada bank lain / Funds from Other Banks 79.268 79.268 0 0 0 0

4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0

5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0

6 Kewajiban lainnya / Other Liabilities 30.821 11.879 15.076 3.866 0 0

7 Lain-lain / Miscellanous 0 0 0 0 0 0

Total Kewajiban / Total Liabilities 3.767.111 2.591.592 540.598 481.349 153.572 0 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 206.974 (1.486.036) (208.318) (171.973) 926.898 1.146.402 Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 97.921 91.728 0 6.193 0 0

2 Kontinjensi / Contingencies 67.894 67.894 0 0 0 0

Total Tagihan Rekening Administratif / Total Administrative Account Claims 165.815 159.622 0 6.193 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 268.871 112.986 67.601 10.328 77.956 0

2 Kontinjensi / Contingencies 365.136 53.785 224.428 5.778 60.796 20.349

Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 634.007 166.771 292.029 16.106 138.752 20.349

Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (468.192) (7.149) (292.029) (9.913) (138.752) (20.349) Administrative Account Claims and Liabilities

Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (261.218) (1.493.185) (500.347) (181.886) 788.146 1.126.053

Selisih Kumulatif / Cumulative Difference (1.493.185) (1.993.532) (2.175.417) (1.387.271) (261.218)

282 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2014 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 48.796 48.796 0 0 0 0

2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 359.642 359.642 0 0 0 0

3 Penempatan pada Bank lain / Placements with Other Banks 493.227 488.598 4.629 0 0 0

4 Surat Berharga / Securities 306.677 21.576 130.148 61.521 0 93.432

5 Kredit yang Diberikan / Loans 2.561.122 1.266 182.427 243.989 1.080.470 1.052.970

6 Tagihan lainnya / Other Receivables 30.821 11.879 15.076 3.866 0 0

7 Lain-lain / Others 173.800 173.800 0 0 0 0

Total Aset / Total Assets 3.974.085 1.105.556 332.280 309.376 1.080.470 1.146.402 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 3.657.022 2.500.445 525.522 477.483 153.572 0

2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0

3 Kewajiban pada bank lain / Funds from Other Banks 79.268 79.268 0 0 0 0

4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0

5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0

6 Kewajiban lainnya / Other Liabilities 30.821 11.879 15.076 3.866 0 0

7 Lain-lain / Miscellanous 0 0 0 0 0 0

Total Kewajiban / Total Liabilities 3.767.111 2.591.592 540.598 481.349 153.572 0 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 206.974 (1.486.036) (208.318) (171.973) 926.898 1.146.402 Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 97.921 91.728 0 6.193 0 0

2 Kontinjensi / Contingencies 67.894 67.894 0 0 0 0

Total Tagihan Rekening Administratif / Total Administrative Account Claims 165.815 159.622 0 6.193 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 268.871 112.986 67.601 10.328 77.956 0

2 Kontinjensi / Contingencies 365.136 53.785 224.428 5.778 60.796 20.349

Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 634.007 166.771 292.029 16.106 138.752 20.349

Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (468.192) (7.149) (292.029) (9.913) (138.752) (20.349) Administrative Account Claims and Liabilities

Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (261.218) (1.493.185) (500.347) (181.886) 788.146 1.126.053

Selisih Kumulatif / Cumulative Difference (1.493.185) (1.993.532) (2.175.417) (1.387.271) (261.218)

Annual Report 2014 | PT. BANK SINARMAS Tbk. 283 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

31 Desember 2013 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 30.249 30.249 0 0 0 0

2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 1.026.654 1.026.654 0 0 0 0

3 Penempatan pada Bank lain / Placements with Other Banks 773.676 352.556 3.580 5.802 411.738 0

4 Surat Berharga / Securities 424.157 69.828 107.644 118.756 0 127.929

5 Kredit yang Diberikan / Loans 1.408.162 5.819 220.045 588.774 258.273 335.251

6 Tagihan lainnya / Other Receivables 238.324 17.801 23.744 2.059 194.720 0

7 Lain-lain / Others 0 0 0 0 0 0

Total Aset / Total Assets 3.901.222 1.502.907 355.013 715.391 864.731 463.180 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 3.480.698 1.918.514 287.066 176.352 246.495 852.271

2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0

3 Kewajiban pada bank lain / Funds from Other Banks 36.199 36.199 0 0 0 0

4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0

5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0

6 Kewajiban lainnya / Other Liabilities 0 0 0 0 0 0

7 Lain-lain / Miscellanous 0 0 0 0 0 0

Total Kewajiban / Total Liabilities 3.516.897 1.954.713 287.066 176.352 246.495 852.271 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 384.325 (451.806) 67.947 539.039 618.236 (389.091) Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 166.311 166.311 0 0 0 0

2 Kontinjensi / Contingencies 0 0 0 0 0 0

Total Tagihan Rekening Administratif / Total Administrative Account Claims 166.311 166.311 0 0 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 418.220 184.727 110.846 69.124 53.523 0

2 Kontinjensi / Contingencies 156.255 572 1.391 1.431 152.861 0

Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 574.475 185.299 112.237 70.555 206.384 0

Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (408.164) (18.988) (112.237) (70.555) (206.384) 0 Administrative Account Claims and Liabilities

Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (23.839) (470.794) (44.290) 468.484 411.852 (389.091)

Selisih Kumulatif / Cumulative Difference 0 (470.794) (515.084) (46.600) 365.252 (23.839)

284 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

31 Desember 2013 Jatuh Tempo / Maturity No. Pos-pos / Posts Saldo / > 1 bln s.d. 3 bln / 1 - 3 > 3 bln s.d. 6 bln / 3 - 6 > 6 bln s.d. 12 bln / 6 - Balance ≤ 1 bulan / 1 month > 12 bln / 12 months months months 12 months (1) (2) (3) (4) (5) (6) (7) (8) I NERACA / BALANCE SHEET A Aset / Assets 1 Kas / Cash 30.249 30.249 0 0 0 0

2 Penempatan pada Bank Indonesia / Placements with Bank Indonesia 1.026.654 1.026.654 0 0 0 0

3 Penempatan pada Bank lain / Placements with Other Banks 773.676 352.556 3.580 5.802 411.738 0

4 Surat Berharga / Securities 424.157 69.828 107.644 118.756 0 127.929

5 Kredit yang Diberikan / Loans 1.408.162 5.819 220.045 588.774 258.273 335.251

6 Tagihan lainnya / Other Receivables 238.324 17.801 23.744 2.059 194.720 0

7 Lain-lain / Others 0 0 0 0 0 0

Total Aset / Total Assets 3.901.222 1.502.907 355.013 715.391 864.731 463.180 B. Kewajiban / Liabilities 1 Dana Pihak Ketiga / Third-Party Funds 3.480.698 1.918.514 287.066 176.352 246.495 852.271

2 Kewajiban pada Bank Indonesia / Funds from Bank Indonesia 0 0 0 0 0 0

3 Kewajiban pada bank lain / Funds from Other Banks 36.199 36.199 0 0 0 0

4 Surat Berharga yang Diterbitkan / Securities Issued 0 0 0 0 0 0

5 Pinjaman yang Diterima / Fund Borrowings 0 0 0 0 0 0

6 Kewajiban lainnya / Other Liabilities 0 0 0 0 0 0

7 Lain-lain / Miscellanous 0 0 0 0 0 0

Total Kewajiban / Total Liabilities 3.516.897 1.954.713 287.066 176.352 246.495 852.271 Selisih Aset dengan Kewajiban dalam Neraca / Difference Between Assets and Liabilities on 384.325 (451.806) 67.947 539.039 618.236 (389.091) Balance Sheets II REKENING ADMINISTRATIF / ADMINISTRATIVE ACCOUNT A. Tagihan Rekening Administratif / Administrative Account Claims 1 Komitmen / Commitments 166.311 166.311 0 0 0 0

2 Kontinjensi / Contingencies 0 0 0 0 0 0

Total Tagihan Rekening Administratif / Total Administrative Account Claims 166.311 166.311 0 0 0 0 B. Kewajiban Rekening Administratif 1 Komitmen / Commitments 418.220 184.727 110.846 69.124 53.523 0

2 Kontinjensi / Contingencies 156.255 572 1.391 1.431 152.861 0

Total Kewajiban Rekening Administratif / Total Administrative Account Liabilities 574.475 185.299 112.237 70.555 206.384 0

Selisih Tagihan dan Kewajiban dalam Rekening Administratif / Difference Between (408.164) (18.988) (112.237) (70.555) (206.384) 0 Administrative Account Claims and Liabilities

Selisih (IA-IB)+(IIA-IIB) / Difference (IA-IB)+(IIA-IIB) (23.839) (470.794) (44.290) 468.484 411.852 (389.091)

Selisih Kumulatif / Cumulative Difference 0 (470.794) (515.084) (46.600) 365.252 (23.839)

Annual Report 2014 | PT. BANK SINARMAS Tbk. 285 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

286 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement 06

Tata Kelola Perusahaan Good Corporate Governance

Annual Report 2014 | PT. BANK SINARMAS Tbk. 287 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

DASAR PENERAPAN TATA KELOLA PERUSAHAAN The Basis of Corporate Governance Implementation

Penerapan prinsip-prinsip tata kelola perusahaan yang baik The implementation of good corporate governance (GCG) atau Good Corporate Governance (GCG) dalam kelangsungan principle for business sustainability in banking industry is bisnis di industri perbankan merupakan hal yang fundamental. a fundamental aspect. Based on that, Bank Sinarmas is Berdasarkan hal tersebut, Bank Sinarmas berkomitmen untuk committed to manifest GCG principles as a guideline in all menjadikan prinsip-prinsip GCG sebagai acuan di seluruh organization levels. Bank Sinarmas realizes that the consistent tingkatan dan jenjang organisasi. Bank Sinarmas menyadari implementation of GCG principles will strengthen the bahwa terlaksananya prinsip-prinsip GCG secara konsisten Company’s competitiveness, increase performance and trust akan memperkuat posisi daya saing, meningkatkan kinerja from its stakeholders. serta meningkatkan kepercayaan para pemegang saham dan Stakeholder lainnya.

Penerapan GCG Bank Sinarmas berpedoman pada ketentuan- The GCG implementation of Bank Sinarmas complies to these ketentuan sebagai berikut: following regulations: 1. Undang-undang No. 40 tahun 2007 tentang Perseroan 1. The Law No. 40 Year 2007 on Liability Limited Company Terbatas. 2. Undang-undang No. 8 tahun 1995 tentang Pasar Modal. 2. The Law No. 8 Year 1995 on Capital Market 3. Peraturan Bank Indonesia. 3. The regulations of Bank of Indonesia 4. Peraturan Bapepam-LK. 4. The regulations of Bapepam-LK 5. Peraturan Bursa Efek Indonesia. 5. The regulations of Indonesian Stock Exchange 6. Peraturan Otoritas Jasa Keuangan. 6. The regulations of Financial Services Authority 7. Pedoman GCG Komite Nasional Kebijakan Governance 7. The GCG Guidelines of National Committee of Governance (KNKG). Policy (KNKG)

Bank Sinarmas telah melaksanakan sistem tata kelola Bank Sinarmas has conducted a good corporate governance, thus perusahaan yang baik sehingga Manajemen dapat Management could uphold the accountability and transparency mempertanggungjawabkan akuntabilitas keuangan, of financial matters, as well as demonstrate an ethical behaviour transparansi dan perilaku yang sesuai dengan kode etik kepada to its stakeholders through business strategy and important para pemangku kepentingan melalui penentuan strategi decisions. The highest organ of corporate governance is GMS, bisnis dan keputusan-keputusan penting yang diawasinya. which is able to appoint Board of Commissioners to supervise Organ tertinggi tata kelola perusahaan adalah Rapat Umum the implementation of duties and responsibilities of Board of Pemegang Saham (RUPS), yang dapat menunjuk Dewan Directors. We are high-committed in implementing effective Komisaris untuk memantau pelaksanaan tugas Direksi dalam GCG practice according to the principles stated of KNKG, mengawasi pengelolaan perusahaan. Kami berkomitmen tinggi known as transparency, accountability, responsibility, fairness dalam penerapan GCG yang efektif sesuai dengan pedoman and independency. yang dikeluarkan oleh Komite Nasional Kebijakan Governance (KNKG), yaitu Transparansi, Akuntabilitas, Tanggung Jawab, Independensi, dan Kewajaran.

Prinsip-prinsip GCG menjadi perangkat standar yang bertujuan The GCG principles become the main system which function untuk memperbaiki citra, efisiensi, efektivitas, dan tanggung to improve reputation, efficiency, effectivity and social jawab sosial Bank Sinarmas. Secara umum, prinsip-prinsip GCG responsibility of Bank Sinarmas. Generally, the GCG principles yang diterapkan oleh Bank Sinarmas tercermin dalam aspek- conducted by Bank Sinarmas are clearly demonstrated by these aspek berikut: principles:

288 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan OverviewBusiness Review of Business Units Corporate Social Responsibility

Tata KelolaKelola Perusahaan Perusahaan Laporan Keuangan Konsolidasi Good CorporateCorporate Governance Governance Consolidated Financial Statement

• Transparansi Bank Sinarmas berkomitmen untuk memberikan informasi secara jelas, terbuka, dan akurat demi kepentingan pemegang saham dan Stakeholders. Proses keterbukaan Kewajaran Fairness tersebut tetap memperhatikan ketentuan terkait rahasia Bank, rahasia jabatan, dan hak- hak pribadi sesuai dengan peraturan yang berlaku.

• Akuntabilitas • Transparency Dengan menerapkan prinsip akuntabilitas Bank Sinarmas is committed to share information clearly, maka fungsi, tugas, wewenang dan openly, and accurately for its stakeholders and shareholders. pertanggungjawaban disetiap masing-masing The transparency process is strictly bound to the confidential organ Bank akan semakin jelas. information of the Company, position and personal rights according to the prevailing regulations. • Tanggung Jawab Perusahaan mematuhi peraturan perundang- • Accountability undangan serta melaksanakan tanggung By being accountable, the function, duties and responsibilities jawab terhadap masyarakat dan lingkungan held by each organ of the Bank will be understandable. sehingga dapat memelihara kesinambungan usaha dalam jangka panjang dan mendapat • Responsibility pengakuan sebagai good corporate citizen. The Company complies to the prevailing rules and regulations, conduct its responsibilities to communities and environment • Kewajaran to improve the long-term sustainable business process and Dalam melaksanakan kegiatan usaha, being acknowledged as a good corporate citizen. Perusahaan senantiasa memperhatikan kepentingan pemegang saham dan pemangku • Fairness kepentingan lainnya berdasarkan asas In conducting business activities, the Company prioritizes the kewajaran dan kesetaraan. interest of shareholders and other stakeholders.

• Independensi • Independency Untuk melancarkan pelaksanaan asas GCG, In order to implement GCG principles, the Company is Perusahaan dikelola secara independen managed independently; thus each organ of the Company sehingga masing-masing organ perusahaan strives to act in an objective manner in every decision-making. selalu berusaha untuk obyektif dalam setiap The Company also upholds professionalism, independency pengambilan keputusan serta mengedepankan and objectivity in order not to be dominant, as well as profesionalisme, kemandirian, dan objektifitas intervene and being intervened by others. agar tidak saling mendominasi dan tidak dapat diintervensi oleh pihak lain.

AnnualAnnual Report Report 2014 2014 | PT. | PT. BANK Bank SINARMAS Sinarmas Tbk. 289 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

IMPLEMENTASI TATA KELOLA THE IMPLEMENTATION OF PERUSAHAAN CORPORATE GOVERNANCE

Bank Sinarmas selalu berusaha menerapkan prinsip-prinsip Bank Sinarmas also strives to implement GCG principles in every GCG di setiap aspek bisnis dan semua lini Perseroan. Penerapan line of business of the Company to create an effective, efficient prinsip ini dilakukan untuk menciptakan tata kelola yang efektif, and sustainable governance. efisien dan berkesinambungan.

Prinsip / Principles Implementasi / Implementation

Transparansi / • Menyampaikan pengumuman laporan keuangan publikasi triwulan melalui surat kabar harian berbahasa Transparency Indonesia paling sedikit 1 (satu) surat kabar yang beredar secara nasional. Announce the Q3 financial report through Indonesian daily newspaper, at least 1 (one) newspaper which circulates in national scope. • Menyampaikan laporan tahunan Bank kepada Bank Indonesia, Yayasan Lembaga Konsumen Indonesia, Lembaga Pemeringkat di Indonesia, Asosiasi Perbankan di Indonesia, Lembaga Pengembangan Perbankan Indonesia, 2 (dua) Lembaga Penelitian Ekonomi dan Keuangan, dan 2 (dua) Majalah Ekonomi dan Keuangan. Bank Sinarmas also submitted annual reports to the Bank of Indonesia, Indonesian Consumers Foundation, Indonesia Rating Agencies, Indonesian Banking Association, Indonesia Banking Development Institute, 2 (two) Research Institutes on Economy and Finance, 2 (two) Economic and Finance Magazines.

Akuntabilitas / • Menetapkan tanggung jawab yang jelas dari masing-masing organ Bank yang selaras dengan visi, misi, sasaran Accountability usaha, dan strategi Bank Sinarmas. Specify obvious responsibility for each organ of the Bank in accordance with the vision, mission, business targets and strategies of Bank Sinarmas. • Menerapkan check and balance system. Implement check and balance system. • Memiliki ukuran kinerja dari semua jajaran berdasarkan ukuran yang disepakati, konsisten dengan nilai-nilai perusahaan (corporate values), sasaran usaha, dan strategi Bank, serta memiliki sistem reward dan punishment. Conduct performance indicators from all levels according to the agreed aspects, being consistent with corporate values, business targets and strategies, also conduct reward and punishment system. • Meyakini bahwa semua organ pada struktur organisasi Bank mempunyai kompetensi yang sesuai dengan tanggung jawab dan memahami perannya dalam implementasi GCG. Trust that every organ in the Bank’s organizational structure has the right competence based on its responsibilities and understand its role in implementing GCG principles.

Tanggung jawab • Berpegang pada prinsip kehati-hatian (prudential banking practices) dan menjamin kepatuhan terhadap peraturan yang berlaku. Uphold the principle of prudential banking practices and guarantees its compliance with the prevailing regulations. • Peduli terhadap lingkungan dan tidak melupakan tanggung jawab sosialnya terhadap masyarakat. Taking care of the environment and conduct its social responsibility to the communities.

Kewajaran Senantiasa memenuhi segala hak-hak seluruh pemegang saham maupun Stakeholders lainnya secara wajar dan setara, sehingga tidak terjadi dominasi yang tidak wajar dari pihak manapun. Bank Sinarmas juga memberikan kesempatan kepada seluruh Stakeholders untuk menyampaikan pendapat dan masukan untuk kepentingan Perseroan. Continuously fulfills all shareholders rights and other stakeholders in a fair and equal manner, in order to prevent dominance from any parties. Bank Sinarmas provides equal opportunities to all stakeholders in giving opinions and responses for the Company’s interest.

Independensi • Senantiasa menghindari terjadinya dominasi yang tidak wajar oleh Stakeholders mana pun. Constantly avoids flawed domination from any stakeholders. • Berusaha untuk tidak terpengaruh oleh kepentingan sepihak. Tries to not be affected by certain interest. • Membebaskan diri dari benturan kepentingan (conflict of interest). Avoid conflict of interest. • Berusaha mengambil keputusan secara objektif dan bebas dari segala tekanan. Tries to make decision in an objective way and without any pressure.

290 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

PENILAIAN TATA KELOLA CORPORATE GOVERNANCE PERUSAHAAN ASSESSMENT

Sebagai bentuk upaya peningkatan dan perbaikan kualitas In order to improve the quality of GCG implementation, dalam melaksanakan GCG, Bank Sinarmas secara berkala Bank Sinarmas regularly conducts a comprehensive self- melakukan self assessment secara komprehensif. Di samping assessment. Aside from supervising and evaluating the current bertujuan untuk memantau dan mengevaluasi pelaksanaan GCG implementation, the assessment functions as a method GCG yang sudah berjalan, penilaian ini juga berfungsi sebagai of development and improvement of sustainable corporate upaya pengembangan dan perbaikan tata kelola perusahaan governance, including corrective action if needed due to yang berkelanjutan, termasuk di dalamnya pengambilan achieve better result. tindak korektif (corrective action) apabila diperlukan guna mendapatkan hasil yang lebih sempurna.

Indikator Penilaian GCG GCG Assessment Indicators Indikator penilaian GCG didasarkan pada 11 aspek yang The indicators of GCG assessment are based on 11 aspects membangun penguatan GCG antara lain: which contributes to strengthen GCG practice, namely: 1. Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris 1. The implementation of duties and responsibilities of Board of Commissioners 2. Pelaksanaan Tugas dan Tanggung Jawab Direksi 2. The implementation of duties and responsibilities of Board of Directors 3. Kelengkapan dan Pelaksanaan Tugas Komite 3. Tasks completion and implementation of committees 4. Penanganan Benturan Kepentingan 4. Confict of interest management 5. Penerapan Fungsi Kepatuhan Bank 5. The implementation of the Bank’s compliance 6. Penerapan Fungsi Audit Intern 6. The implementation of Internal Audit function 7. Penerapan Fungsi Audit Ekstern 7. The implementation of External Audit function 8. Penerapan Manajemen Risiko termasuk Sistem Pengendalian 8. The implementation of Risk Management and Internal Intern Control System function 9. Penyediaan Dana Kepada Pihak Terkait (Related Party) dan 9. Fund Provision to Related Party and Large Exposures Penyediaan Dana Besar (Large Exposures) 10. Transparansi Kondisi Keuangan dan Non Keuangan Bank, 10. The transparency of financial and non financial condition of Laporan Pelaksanaan GCG dan Pelaporan Internal the Bank, GCG implementation report and internal report 11. Rencana Strategis Bank 11. The Bank’s strategic plan

Kesimpulan Umum Hasil Self Assessment Pelaksanaan General Summary of Self-Assessment Result of GCG GGC Implementation Hasil Penilaian Sendiri Pelaksanaan GCG / The GCG implementation Self-Assessment Result

Peringkat / Rating Definisi Peringkat / Rating Definition

Individual 2 Secara umum, mencerminkan Manajemen Bank telah melakukan penerapan GCG yang baik. Hal ini tercermin dari pemenuhan yang memadai atas prinsip-prinsip GCG. Apabila terdapat kelemahan dalam penerapan prinsip GCG, maka secara umum kelemahan tersebut kurang signifikan dan dapat diselesaikan dengan tindakan normal oleh Manajemen Bank. In general, The Bank’s management has implemented a Good corporate governance. The result is shown by the compliance of the Company in implementing GCG principles, therefore any flaws in the process are considered to be insignificant and could be managed by the Bank.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 291 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

PETA ARAH TATA KELOLA PETA ARAH TATA KELOLA PERUSAHAAN PERUSAHAAN

Perusahaan menyadari penerapan GCG secara Perusahaan menyadari penerapan GCG secara berkesinambungan dalam persaingan usaha yang semakin berkesinambungan dalam persaingan usaha yang semakin kompetitif merupakan hal yang sangat penting. Oleh karena kompetitif merupakan hal yang sangat penting. Oleh karena itu, Perusahaan merumuskan pelaksanaan GCG dalam suatu itu, Perusahaan merumuskan pelaksanaan GCG dalam suatu peta arah tata kelola perusahaan sesuai dengan acuan dari peta arah tata kelola perusahaan sesuai dengan acuan dari Otoritas Jasa Keuangan (OJK) dengan tujuan akhir menjadikan Otoritas Jasa Keuangan (OJK) dengan tujuan akhir menjadikan Perusahaan sebagai salah satu good corporate citizen. Perusahaan sebagai salah satu good corporate citizen.

STRUKTUR TATA KELOLA THE CORPORATE GOVERNANCE PERUSAHAAN STRUCTURE

Struktur tata kelola perusahaan memiliki peranan penting Corporate governance structure has an important role in dalam keberhasilan pelaksanaan GCG. Fungsi dari organ- succeeding the implementation of GCG practice. The function organ Bank dijalankan sesuai dengan peraturan perundang- of the Bank’s organs is conducted within the prevailing undangan yang berlaku, Anggaran Dasar Bank, dan ketentuan regulations, the Bank’s Article of Association, and other rules lainnya yang didasari prinsip independensi bagi setiap organ and policies which are based on independency principle in untuk melaksanakan tugas, fungsi, dan tanggung jawab. doing each task, function, and responsibility.

RUPS

Dewan Komisaris Direksi Board of Commissioner Board of Director

Asset & Liability Komite Audit Sekretaris Perusahaan Management Commitee Audit Committee (ALCO)

Komite Pemantauan Satuan Kerja Audit Komite Kredit Risiko Intern

Komite Remunerasi dan Komite Informasi Satuan Kerja Kepatuhan Nominasi Teknologi

Komite Good Corporate Satuan Kerja Manajemen Komite Manajemen Governance Risiko Risiko

Komite Human Capital Management (HCM)

292 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

RAPAT UMUM PEMEGANG GENERAL MEETING OF SAHAM (RUPS) SHAREHOLDERDS (GMS)

Rapat Umum Pemegang Saham (RUPS) merupakan organ The General Meeting of Shareholders (GMS) is the highest organ tertinggi dalam Perseroan. RUPS merupakan organ yang in the Company. GMS holds several rights which are not owned memiliki kewenangan yang tidak diberikan kepada Direksi by the Board of Directors and/or Board of Commissioners in ataupun Dewan Komisaris dalam batas yang ditentukan a set boundaries within The Law of Liability Limited Company menurut Undang-Undang Perseroan Terbatas dan/atau and the Article of Association of the Company. Through Anggaran Dasar Perseroan. Melalui RUPS, para pemegang GMS, the shareholders deliver their opinions and participated saham dapat mengemukakan pendapat dan ikut andil dalam in important decision-making. GMS also serves a forum to pengambilan keputusan-keputusan penting. RUPS juga evaluate the performance of Board of Directors and Board menjadi forum evaluasi kinerja Direksi dan Dewan Komisaris of Commissioners by considering all operational aspects of dengan memperhatikan seluruh aspek operasional perusahaan, the Company, including economic, social, and environmental baik dari kinerja ekonomi, sosial, maupun lingkungan. aspects.

Sebagaimana diatur dalam Undang-Undang No. 40 tahun 2007 The Law No. 40 Year 2007 of Public Company and the tentang Perseroan Terbatas dan Anggaran Dasar Perseroan, Company’s Article of Association stipulates that GMS was RUPS dibagi menjadi 2 (dua), yaitu: classified as 2 (two):

1. RUPS Tahunan 1. Annual GMS (AGM) RUPS Tahunan wajib dilaksanakan selambat-lambatnya 6 Annual GMS is bound to be held no later than six months after (enam) bulan setelah tahun buku berakhir. Dalam rapat the end of fiscal year, in which Board of Directors reports the tersebut, Direksi wajib menyampaikan hal-hal sebagai berikut: following issues: 1. Laporan Tahunan. 1. Annual Report 2. Mengemukakan pendapat mengenai penggunaan laba 2. Proposal on profit utilization in the presence of positive Perseroan, apabila Perseroan memiliki laba positif. profit. 3. Mengemukakan pendapat mengenai penetapan akuntan 3. The appointment of public accountant to audit the publik untuk mengaudit tahun buku Perseroan yang ongoing fiscal year based on suggestions from Board sedang berjalan berdasarkan usulan dari Dewan Komisaris of Commissioners or the authorization of Board of atau memberikan kuasa kepada Dewan Komisaris untuk Commissioners to appoint a public accountant. menetapkan akuntan publik. 4. Hal-hal lain yang memerlukan persetujuan RUPS untuk 4. Other issues which need approval from the GMS for the kepentingan Perseroan dengan tetap memperhatikan Company’s interest. ketentuan dalam Anggaran Dasar.

2. RUPS Luar Biasa 2. Extraordinary GMS (EGM) Ketetapan untuk mengadakan RUPS Luar Biasa tidak terikat. Other GMS shall be held at any time based on the Company’s RUPS Luar Biasa dapat diadakan setiap waktu sesuai dengan needs. Pursuant to Article 24 Article of Association, Board of kebutuhan Perseroan. Berdasarkan Akta No. 31 tanggal 6 April Directors may held Annual GMS and other GMS by submitting 2010, diatur dalam Pasal 10, Direksi dapat menyelenggarakan Announcement and Meeting Call through printed media. RUPS Tahunan dan RUPS Luar Biasa dengan terlebih dahulu menyampaikan Pengumuman dan Pemanggilan Rapat melalui media cetak.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 293 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tata Cara Penyelenggaraan RUPS Procedures in Convening GMS Tata cara penyelenggaraan RUPS adalah sebagai berikut: The procedures in convening GMS are described as follows: 1. Perseroan terlebih dahulu menyampaikan agenda RUPS 1. The Company shall give prior notice concerning the agenda Tahunan 2014 secara jelas dan rinci kepada OJK (dahulu of AGM 2014 clearly and in detail to Financial Services Badan Pengawas Pasar Modal dan Lembaga Keuangan), Authority (formerly Bapepam-LK) no later than 7 (seven) selambat-lambatnya 7 (tujuh) hari sebelum pengumuman days before the announcement is published. This process melalui iklan dilakukan. Hal ini dilakukan sebagaimana shall be conducted as it is stipulated in Rules No. IX.I.1 on the yang telah diatur dalam peraturan No. IX.I.1 tentang Plan and Convention of General Meeting of Shareholders - Rencana dan Pelaksanaan Rapat Umum Pemegang Saham attachment from the Decision of Ketua Badan Pengawas - lampiran dari Keputusan Ketua Badan Pengawas Pasar Pasar Modal No. Kep-60/PM/1996 dated January 17, 1996. Modal No. Kep-60/PM/1996 tanggal 17 Januari 1996. 2. Pemanggilan RUPS dilakukan dengan menggunakan surat 2. The invitation for GMS is submitted in writing or advertised tercatat atau iklan surat kabar paling lambat diterbitkan 14 in daily newspaper no later than 14 (fourteen) days prior to (empat belas) hari sebelum tanggal RUPS diadakan, dengan the date of GMS, by excluding the date of announcement tidak memperhitungkan tanggal pemanggilan dan tanggal and the date of GMS. Within 14 (fourteen) days before the dilaksanakannya RUPS 14 (empat belas) hari sebelum announcement, the Company shall give an announcement melakukan pemanggilan, Perseroan wajib melakukan of the invitation for GMS. pemberitahuan bahwa akan diadakan pemanggilan untuk RUPS. 3. Selanjutnya setelah pelaksanaan RUPS, Perseroan wajib 3. Subsequently after the implementation of the GMS, the melaporkan hasil Rapat kepada OJK dan Bursa Efek Company should report the meeting results to Financial Indonesia paling lambat 2 (dua) hari kerja setelah Rapat Services Authority and Indonesian Stock Exchange no later diselenggarakan serta mengumumkannya kepada publik than two (2) working days after the meeting is convened sekurang-kurangnya dalam 2 (dua) surat kabar berbahasa and announced it to the public in at least 2 (two) Indonesian Indonesia, yang salah satu di antara diterbitkan secara newspapers, one of which is circulated nationally. nasional. 4. Setiap saham yang dikeluarkan memiliki 1 (satu) hak suara, 4. Each share issued has 1 (one) voting rights, except if, unless kecuali jika Anggaran Dasar menentukan lain. the Articles of Association determines otherwise.

Berikut merupakan tahapan penyelenggaraan RUPS Tahunan In 2014, the process of AGM convention of Bank Sinarmas is Bank Sinarmas 2014 yaitu: described as follows: 1. Pemberitahuan kepada OJK dan Bursa Efek Indonesia 1. Notification to Financial Services Authority and Indonesian mengenai RUPS Tahunan Bank Sinarmas 2014. Stock Exchange regarding to the Annual GMS of Bank Sinarmas. 2. Pengumuman melalui media cetak dan media elektronik. 2. Announcement through printed and electronic media. 3. Pemanggilan melalui media cetak dan media elektronik. 3. Invitation through printed and electronic media.

Tahapan penyelenggaraan RUPS GMS Procedures Pemberitahuan / Pengumuman / Pemanggilan / Pelaksanaan / RUPS / GMS Hasil / Result Notification Announcement Invitation Event

Tahunan / 6 Mei 2014 / 13 Mei 2014 / 28 Mei 2014/ 13 Juni 2014 / 17 Juni 2014 / Annual May 6, 2014 May 13, 2014 May 28, 2014 June 13, 2014 June 17, 2014 Luar Biasa / 6 Mei 2014 / 13 Mei 2014 / 28 Mei 2014/ 13 Juni 2014 / 17 Juni 2014 / Extraordinary May 6, 2014 May 13, 2014 May 28, 2014 June 13, 2014 June 17, 2014

294 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Pelaksanaan RUPS GMS Convention Sepanjang 2014, Perseroan telah mengadakan RUPS sebanyak During 2014, the Company has convened 2 (two) GMS, known 2 (dua) kali yaitu RUPS tahunan dan RUPS Luar Biasa untuk to be AGM and EGM for the fiscal year of 2014 which was held tahun buku 2013 yang dilakukan bersama pada 13 Juni 2014, on June 13, 2014, located at Sinar Mas Land Plaza, Tower II, bertempat di Sinar Mas Land Plaza, Tower II, Lantai 39, Ruang 39th Floor, Paseo Room, Jalan M.H. Thamrin No. 51, Jakarta. Paseo, Jalan MH. Thamrin Nomor 51, Jakarta. Jumlah saham Total shares of participated or represented voting in the meeting dengan hak suara yang hadir atau diwakili telah memenuhi has met the quorum required in GMS. kuorum dalam RUPS.

Agenda RUPS Tahunan dan Luar Biasa Bank Sinarmas 2014 The agenda of the 2014 AGM and EGM of Bank Sinarmas are adalah sebagai berikut: described as follows: Agenda RUPS / GMS Agenda No. Tahunan / Annual No. Luar Biasa / Extraordinary

1. Laporan tahunan Direksi untuk tahun buku 2013 1. Perubahan susunan Dewan Komisaris dan Direksi Perseroan The Annual Report of Board of Directors for the fiscal year of / The change composition of Board of Commissioners and 2013 Board of Directors 2. Pengesahan perhitungan tahunan (neraca dan perhitungan 2. Perubahan Anggaran Dasar Perseroan / The change of Article laba/rugi) of Association The ratification of annual calculation (balance sheet) and profit/loss calculation) 3. Penegasan penggunaan laba perseroan untuk tahun buku 3. Persetujuan Penambahan Modal Tanpa Hak Memesan Efek 2013 Terlebih Dahulu / Approval on the increase in capital without The decision of profit utilization of the Company for the fiscal pre-emptive rights year of 2013 4. Penunjukan Kantor Akuntan Publik untuk melakukan 4. Laporan realisasi penggunaan dana Penawaran Umum pemeriksaan pembukuan 2014 Terbatas I / Report on the realization of the use of proceeds The appointment of Public Accountant Firm for the from Limited Public Offering verification of 2014 financial report 5. Penetapan gaji para anggota Direksi dan honorarium Dewan Komisaris Perseroan Determination of salary for members of the Board of Directors and honorarium of the Board of Commissioners of the Company

Hasil Keputusan RUPS Tahunan 2014 dan Realisasi The Decision and Realization of AGM 2014

Agenda Keputusan / Decision Realisasi / Realization

Pertama / Menerima dan menyetujui Laporan Tahunan Direksi untuk tahun buku yang berakhir 31 Desember Sudah terealisasi First 2013. Realized Accepted and approved the Annual Report for Board of Directors for the year ended in December 31, 2013. Kedua / Mengesahkan Perhitungan Tahunan (Neraca dan Perhitungan Rugi/Laba) untuk tahun buku yang Sudah terealisasi Second berakhir pada 31 Desember 2013 serta memberikan pembebasan tanggung jawab kepada para Realized anggota Direksi dan Dewan Komisaris atas pengurusan dan pengawasan (acquit et de charge) yang telah dijalankan untuk tahun buku yang berakhir pada 31 Desember 2013. Validated the annual calculation (balance sheet and calculation of profit/loss) for the year ended in December 31, 2013 also give freedom of responsibility to members of Board of Directors and Board of Commissioners upon the duties of management and supervisory (acquit et de charge) which was implemented for the year ended in December 31, 2013.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 295 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Agenda Keputusan / Decision Realisasi / Realization

Ketiga / Third Menyetujui penggunaan laba Perseroan untuk tahun buku yang berakhir pada 31 Desember 2013 a. Penyisihan Dana sebesar Rp221.099.313.298 (dua ratus dua puluh satu miliar sembilan puluh sembilan juta tiga cadangan untuk ratus tiga belas ribu dua ratus sembilan puluh delapan rupiah) sebagai berikut: tahun buku 2013 a. Sebesar Rp500.000.000 (lima ratus juta rupiah) untuk dana cadangan sesuai dengan telah dibukukan. ketentuan pasal 70 ayat 1 Undang-undang Nomor 40 Tahun 2007 dan pasal 23 anggaran b. Sisa laba bersih telah dasar Perseroan. dicatat sebagai Laba b. Sisa laba bersih Perseroan sejumlah Rp220.599.313.298 (dua ratus dua puluh miliar lima yang Ditahan dan ratus sembilan puluh sembilan juta tiga ratus tiga belas ribu dua ratus sembilan puluh telah dibukukan. delapan rupiah) akan dipergunakan untuk membiayai operasional Perseroan dan memperkuat Permodalan Perseroan dan dicatat sebagai Laba yang Ditahan, sesuai dengan pasal 23 ayat 3 akan dikelola oleh Direksi dengan cara yang tepat menurut pertimbangan Direksi, setelah memeroleh persetujuan Dewan Komisaris. c. Memberikan wewenang kepada Direksi Perseroan untuk mengatur, melaksanakan, dan menjalankan tindakan-tindakan yang diperlukan sehubungan dengan penggunaan laba bersih Perseroan tersebut diatas sesuai dengan ketentuan hukum dan peraturan yang berlaku.

Approved the utilization of the Company’s profit for the year ended in December 31, 2013 a. Allowance for reserve amounted to Rp221.099.313.298 for below purposes: fund for 2013 a. Some IDR 500,000,000 for reserve funds according to the Regulation of Article 70 paragraph fiscal year has been 1 of the Regulation Number 40 year 2007 and Article 23 of the Company’s Articles of recorded. Association. b. The remaining net b. Remaining net profit of IDR 220,559,313,298 (two hundred twenty billion five hundred ninety profit was recorded nine thousands three hundred thirteen two hundred ninety eight) will be used to finance as Retained Earnings the Company’s operations and strengthen the Company’s capital and recorded as Retained and have been Earnings, according to article 23 paragraph 3, to be managed by the Board of Directors in recorded. an appropriate consideration of the Directors after obtaining an approval of the Board of Commissioners. c. Assign the authority to the Board of Directors to manage and conduct actions in relevance with the utilization of the Company’s net profit, according to the prevailing rules and regulations. Keempat / a. Menyetujui penunjukkan Kantor Akuntan Publik Mulyamin Sensi Suryanto dan Lianny untuk Sudah terealisasi / Fourth melakukan pemeriksaan (audit) Laporan Keuangan Perseroan untuk tahun buku yang akan Realized berakhir pada 31 Desember 2014. b. Memberikan kuasa kepada Direksi perseroan untuk menetapkan honorarium bagi Kantor Akuntan Publik tersebut, serta persyaratan-persyaratan lain sehubungan dengan penunjukan Kantor Akuntan Publik tersebut. a. Approved the appointment of Mulyamin Sensi Suryanto and Lianny Public Accountant Firm to conduct audit on the Company’s Financial Statement for the year ended in December 31, 2014. b. Assign the authority to Board of Directors to stipulate honorarium for the Public Accountant Firm, and other requirement according to the appointment of the Public Accountant Firm. Kelima / Fifth Menyetujui pelimpahan wewenang sepenuhnya kepada Dewan Komisaris, dengan memperhatikan Sudah terealisasi / usul yang diajukan oleh Komite Remunerasi dan Nominasi Perseroan, untuk menetapkan gaji para Realized anggota Direksi dan honorarium Dewan Komisaris Perseroan. Approved full delegation of power to Board of Commissioners, by considering the opinion given by Remuneration and Nomination Committee to stipulate the salary of the members of Board of Directors and the honorarium of Board of Commissioners.

296 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Hasil RUPS Luar Biasa 2014 dan Realisasi The Result and Realization of EGM 2014

Agenda Keputusan / Decision Realisasi / Realization

Pertama a. Menyetujui pengangkatan saudara Rusmin sebagai Komisaris Independen Perseroan terhitung Rusmin efektif sejak ditutupnya RUPS Luar Biasa sampai dengan 15 Juni 2017. Masa jabatan ini berlaku menjabat sebagai efektif setelah mendapatkan persetujuan dari Otoritas Jasa Keuangan. Komisaris Independen b. Memberhentikan dengan hormat saudara Wimpie Rianto selaku Komisaris Independen setelah mendapatkan Perseroan dengan penghargaan dan ucapan terima kasih serta memberikan pembebasan persetujuan dari OJK beserta pelunasan (acquit et de charge) kepada yang bersangkutan dan tanggung jawab pada tanggal 19 Juni yang timbul dan tindakan-tindakan pengurusan yang telah diambil selama jangka waktu sejak 2014 Januari 2008 sampai dengan 13 Juni 2014 sejauh tindakan yang diambil selama melakukan pengurusan tersebut tidak bertentangan atau melanggar peraturan perundang-undangan yang berlaku. c. Menyetujui pengangkatan Saudara Hanafi Himawan dan Saudara Salis Teguh Hartono sebagai Direktur Independen Perseroan. d. Menyetujui pemberhentian dengan hormat seluruh anggota Direksi dan Dewan Komisaris Perseroan serta memberikan pelunasan dan pembebasan (acquit et de charge) tanggung jawab sepenuhnya selama menjalankan jabatannya sepanjang tindakan-tindakan tersebut tercermin dalam buku-buku Perseroan dan tidak bertentangan atau melanggar peraturan perundang-undangan yang berlaku serta mengucapkan terima kasih atas sumbangsih dan jasa-jasa yang telah diberikan. e. Menyetujui pengangkatan kembali seluruh anggota Direksi dan Dewan Komisaris Perseroan untuk masa jabatan terhitung sejak ditutupnya rapat sampai dengan 15 Juni 2017. Dengan demikian sejak ditutupnya rapat, susunan anggota Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Perseroan adalah sebagai berikut: Dewan Komisaris Komisaris Utama: Tjendrawati Widjaja Komisaris Independen: Sammy Kristamuljana Komisaris Independen: Rusmin Direksi Direktur Utama: Freenyan Liwang Direktur: Heru Agus Wuryanto Direktur Independen: Salis Teguh Hartono Direktur: Loa Johnny Mailoa Direktur: Halim Direktur Independen: Hanafi Himawan Dewan Pengawas Syariah Ketua: Ali Mustafa Yaqub Anggota: Ahmadi Bin Sukarno f. Menunjuk dan memberi kuasa kepada Direksi dan/atau Corporate Secretary Perseroan untuk melaksanakan keputusan tersebut di atas termasuk tetapi tidak terbatas untuk menandatangani akta pernyataan keputusan rapat dihadapan Notaris dan memberitahukan perubahan tersebut kepada pihak yang berwenang.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 297 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Agenda Keputusan / Decision Realisasi / Realization

Approved the appointment of Mr. Rusmin as Independent Commissioner, effectively from the Rusmin effectively closing of EGM until June 15, 2007. serves as Independent a. Dismissed Mr. Wimpie Rianto as Independent Commissioner with respect and implement Commissioners after acquit et de charge to the individual, as well as the responsibility and management actions receiving approval taken during January 2008 to June, 13, 2014, as long as the actions taken during that period from Financial Services of time do not violate the prevailing regulations. Menyetujui pengangakatan Saudara Hanafi Authority on June 19, Himawan dan Saudara Salis Teguh Hartono sebagai Direktur Independen Perseroan. 2014 b. Approved the appointment of Mr. Hanafi Himawan and Mr. Salis Teguh Hartono as the Company’s Independent Director. c. Menyetujui pengangkatan kembali seluruh anggota Direksi dan Dewan Komisaris Perseroan untuk masa jabatan terhitung sejak ditutupnya rapat sampai dengan 15 Juni 2017. Dengan demikian sejak ditutupnya rapat, susunan anggota Direksi, Dewan Komisaris dan Dewan Pengawas Syariah Perseroan adalah sebagai berikut:

Board of Commissioners President Commissioner: Tjendrawati Widjaja Independent Commissioner: Sammy Kristamuljana Independent Commissioner: Rusmin

Board of Directors President Director: Freenyan Liwang Director: Heru Agus Wuryanto Independent Director: Salis Teguh Hartono Director: Loa Johnny Mailoa Director: Halim Independent Director: Hanafi Himawan

Sharia Supervisory Board Head: Ali Mustafa Yaqub Member: Ahmadi Bin Sukarno

d. Approved and delegated the Board of Directors and/or Corporate Secretary of the Company to implement the above decision, including but not limited to signing the deed of meeting before the Notary and announced the changes to the authority concerned.

298 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Agenda Keputusan / Decision Realisasi / Realization

Kedua a. Menyetujui perubahan Anggaran Dasar Perseroan Pasal 4 ayat 2 tentang modal Sudah terealisasi b. Menyetujui perubahan Anggaran Dasar Perseroan Pasal 14 ayat 2, ayat 3, dan ayat 5 tentang Has been realized Direksi. c. Menyetujui perubahan Anggaran Dasar Perseroan Pasal 17 ayat 2 tentang Dewan Komisaris. d. Memberikan kewenangan kepada Direksi Perseroan untuk menyatakan keputusan-keputusan yang telah diambil tersebut di atas ke dalam akta Notaris dan untuk maksud tersebut menghadap ke hadapan Notaris, selanjutnya membuat atau menyuruh membuat, dan menandatangani akta, dokumen, formulir dan/atau surat-surat lainnya yang diperlukan, mengajukan permohonan, mengadakan segala perubahan dan/atau tambahan dalam memintakan dan karenanya mengambil atau memperoleh persetujuan atau pemberitahuan kepada pihak yang berwenang, termasuk dari Menteri Hukum dan Hak Asasi Manusia Republik Indonesia dan mendaftarkan dalam Daftar Perusahaan, serta pada umumnya melakukan tindakan apapun juga yang diperlukan untuk melaksanakan kuasa dan wewenang tersebut diatas sesuai ketentuan hukum dan peraturan perundang-undangan yang berlaku, tanpa ada yang dikecualikan termasuk melakukan perubahan dalam hal perubahan tersebut diisyaratkan oleh instansi yang berwenang.

a. Approved the amendment of the Company’s Articles of Association, Article 4 paragraph 2 on capital. b. Approved the change in the Company’s Articles of Association, Article 14 paragraph 2, paragraph 3, and paragraph 5 about the Board of Directors. c. Approved the change in the Company’s Articles of Association Article 17 paragraph 2 concerning the Board of Commissioners. d. Gave authority to the Board of Directors to state the above decisions that have been taken into notarial deed and for this purpose, attending before Notary, then make or have somebody prepare, and sign the deed, documents, forms and/or other papers necessary, file an appeal, make any changes and/or additions in the request and therefore take or obtain consent or notification to the authorities, including the Minister of Justice and Human Rights of the Republic of Indonesia and registered it in the Company Register, and in general perform any action necessary to exercise the above power and authority in accordance with the prevailing laws and regulations, without exception, including making changes in terms of the changes implied by the relevant authorities.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 299 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Agenda Keputusan / Decision Realisasi / Realization

Ketiga a. Menyetujui Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu (PMTHMETD) Sudah dilakukannya dengan mengeluarkan saham baru sebanyak 1.312.411.310 (satu miliar tiga ratus dua belas Penambahan Modal juta empat ratus sebelas ribu tiga ratus sepuluh) dengan nilai nominal Rp100,- (seratus rupiah) Tanpa Hak Memesan setiap saham atau sebanyak-banyaknya 10% (sepuluh persen) dari jumlah keseluruhan saham Efek Terlebih Dahulu dari modal yang disetor dan ditempatkan penuh oleh Perseroan; (PMTHMETD) pada bulan b. Memberikan wewenang dan kuasa kepada Direksi Perseroan dengan persetujuan Dewan Oktober dan November Komisaris untuk melakukan segala tindakan yang diperlukan sehubungan dengan Penambahan 2014. Modal Tanpa Hak Memesan Efek Terlebih Dahulu, tetapi tidak terbatas dalam menentukan harga pelaksanaan Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu yang Approve Capital Increase dianggap baik oleh Direksi, membuat dan/atau minta dibuatkan segala dokumen berkaitan Without Preemptive dengan peningkatan modal tersebut serta meminta persetujuan dan/atau melaporkan serta Rights (PMTHMETD) on melakukan pendaftaran yang diperlukan kepada pihak yang berwenang berkaitan dengan October and November, Peningkatan Modal Tanpa Hak Memesan Efek Terlebih Dahulu, satu dan lain hal tanpa ada 2014 pengecualian dengan mengingat ketentuan peraturan perundang-undangan yang berlaku termasuk peraturan di bidang Pasar Modal. a. Approve Capital Increase Without Preemptive Rights (PMTHMETD) by issuing new shares amounting to 1,312,411,310 (one billion three hundred and twelve million four hundred eleven thousand three hundred and ten) with a nominal value of Rp 100, - (one hundred dollars) per share or maximum of 10% (ten percent) of the total number of shares of issued and fully paid- up capital of the Company; b. Provide authority and power to the Board of Directors with the approval of the Board of Commissioners to perform all necessary actions in connection with the Capital Increase Without Pre-emption right, but not limited to determining the exercise price of the Capital Increase Without preemptive rights Dahuluyang considered good by the Board of Directors, create and / or asked for any documents relating to the capital increase and seek approval and / or report as well as the required registration to the authorities relating to the capital Increase without Pre- emption right, one way or another without any exception to the provisions of laws -undangan applicable including capital market regulations Keempat Menyetujui Laporan Realisasi Penggunaan Dana Penawaran Umum Terbatas I (right issue) Sudah terealisasi/ sebagaimana tersebut di atas untuk periode April 2013 (dua ribu tiga belas) sampai dengan Maret Has been realized 2014 (dua ribu empat belas). Approving the Report of Realization of the Use of Fund from Limited Public Offering I (right issue) as mentioned above for April 2013 (two thousand thirteen) until March 2014 (two thousand fourteen).

Sebelum Laporan Tahunan ini diterbitkan, Perseroan Before the Annual Report is published, the Company will melaksanakan RUPSLB pada 24 Maret 2015 bertempat di implement an EGM on March 24, 2015 and located at Ruang Ruang Paseo, Sinar Mas Land Plaza, Jakarta. Agenda RUPSLB Paseo, Sinar Mas Land Plaza, Jakarta. The EGM agenda is as tersebut adalah sebagai berikut: follows: 1. Perubahan Susunan Direksi Perseroan; 1. Changes in the composition of the Board of Directors 2. Perubahan Anggaran Dasar Perseroan; dan 2. Changes in Articles of Association 3. Laporan Perubahan Realisasi Penggunaan Dana Penawaran 3. Report of Change in Realization of the Use of Fund from Umum Terbatas I. Limited Public Offering I

300 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Agenda Keputusan/ Decision Realisasi/ Realization

Pertama / • Rapat memberikan kesempatan kepada pemegang saham dan kuasa pemegang saham yang Soejanto Soetjijo First hadir untuk mengajukan pertanyaan dan/atau memberikan pendapat terkait dengan Mata Acara efektif menjabat Pertama. / The meeting provides an opportunity to the shareholders and the shareholders proxy sebagai Direktur in attendance to ask questions and / or provide opinions regarding the Mata Acara Pertama. setelah mendapatkan • Pada kesempatan tanya-jawab tersebut tidak ada pertanyaan maupun pendapat yang persetujuan dari OJK disampaikan oleh pemegang saham dan atau kuasa pemegang saham yang hadir. / On the pada Desember 2014, question and answer session, no questions or opinions expressed by the shareholders or sedangkan Frenky shareholders proxy. Tirtowijoyo Susilo • Pada kesempatan tanya-jawab tersebut tidak ada pertanyaan maupun pendapat yang efektif menjabat disampaikan oleh pemegang saham dan atau kuasa pemegang saham yang hadir. / On the sebagai Direktur question and answer occasion, no questions or opinions expressed by the shareholders or setelah mendapatkan shareholders proxy. persetujuan dari OJK • Keputusan Mata Acara Pertama yaitu sebagai berikut : / The Decision of Mata Acara Pertama is pada Januari 2015 as follows: / Soejanto Soetjijo 1. Menyetujui pengangkatan Saudara Soejanto Soetjijo dan Saudara Frenky Tirtowijoyo Susilo effectively served as a masing-masing sebagai Direktur Perseroan terhitung efektif sejak ditutupnya rapat ini sampai Director after obtaining dengan berakhirnya masa jabatan Direksi Perseroan yang saat ini menjabat yaitu tanggal 15 approval from the OJK on Juni 2017. / Approved the appointment of Soejanto Soetjijo and Franky Tirtowijoyo Susilo December 2014, while respectively as Director of the Company effective as of the adjournment of this meeting until Frenky Susilo Tirtowijoyo the expiry of the term of office of Directors of the Company who currently serves as the date effective served as of June 15, 2017. Director after obtaining Dengan demikian sejak ditutupnya Rapat, susunan anggota Direksi, Dewan Komisaris, dan approval from the OJK on Dewan Pengawas Syariah Perseroan adalah sebagai berikut: :/ Thus from the close of the January 2015. Meeting, the composition of the Board of Directors, Board of Commissioners, and Sharia Supervisory Board of the Company is as follows:

DIREKSI: / BOARD OF DIRECTORS: Direktur Utama/ President Director : Freenyan Liwang Direktur/ Director: Heru Agus Wuryanto Direktur/ Director : Loa Johnny Mailoa Direktur/ Director : Halim Direktur/ Director : Soejanto Soetjijo Direktur/ Director : Frenky Tirtowijoyo Susilo Direktur Independen/ Independent Director : Salis Teguh Hartono Direktur Independen/ Independent Director : Hanafi Himawan

DEWAN KOMISARIS/ BOARD OF COMMISSIONERS: Komisaris Utama/ Pesident Commissioner : Tjendrawati Widjaja Komisaris Independen/ Independent Commissioner : Sammy Kristamuljana Komisaris Independen : Rusmin

DEWAN PENGAWAS SYARIAH/ SHARIA SUPERVISORY BOARD: Ketua/ Chairman : Ali Mustafa Yaqub Anggota/ Member : Ahmadi Bin Sukarno

Annual Report 2014 | PT. BANK SINARMAS Tbk. 301 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Agenda Keputusan/ Decision Realisasi/ Realization

2. Menunjuk dan memberi kuasa kepada Direksi dan/atau Corporate Secretary Perseroan untuk melaksanakan keputusan tersebut diatas termasuk tetapi tidak terbatas untuk menandatangani akta pernyataan keputusan rapat dihadapan Notaris dan memberitahukan perubahan tersebut kepada pihak yang berwenang./ Appoint and authorize the Board of Directors and / or the Corporate Secretary of the Company to implement the decision of the above, including but not limited to sign a deed notarized statement of the meeting decision and notify the change to the appropriate authorities. Kedua / • Rapat memberikan kesempatan kepada pemegang saham dan kuasa pemegang sahåam yang Sudah terealisasi / has Second hadir untuk mengajukan pertanyaan dan/atau memberikan pendapat terkait dengan Mata Acara been realized Kedua. / The meeting provides an opportunity to the shareholders and the shareholders proxy in attendance to ask questions and / or provide opinions regarding the Mata Acara Kedua. • Pada kesempatan tanya-jawab tersebut tidak ada pertanyaan maupun pendapat yang disampaikan oleh pemegang saham dan atau kuasa pemegang saham yang hadir. / On the question and answer occasion, no questions or opinions expressed by the shareholders or shareholders proxy. • Pengambilan keputusan dilakukan dengan pemungutan suara dengan cara lisan. Tidak ada pemegang saham atau kuasa pemegang saham yang menyatakan suara tidak setuju dan/ atau blanko atas usulan Mata Acara Kedua Rapat, sehingga keputusan diambil berdasarkan musyarawarah untuk mufakat dari seluruh pemegang saham yang hadir atau sejumlah 13.402.734.770 saham memutuskan menyetujui usulan Mata Acara Kedua tersebut. / Decision- making is done through polling by oral way. There are no shareholders or shareholders proxy that state vote against and/ or blank on the proposal Mata Acara Kedua Rapat, so the decision is made based on consensus by all present shareholders or amounted to 13,402,734,770 of shares decided to approve the proposal of Mata Acara Kedua • Keputusan Mata Acara Kedua yaitu sebagai berikut/ The Decision of Mata Acara Kedua are as follows : 1. Menyetujui perubahan Anggaran Dasar Perseroan sehubungan dengan diberlakukannya Peraturan Otoritas Jasa Keuangan dan menyusun kembali seluruh Anggaran Dasar Perseroan sehingga dengan demikian detil susunan kalimat masing-masing pasal perubahannya sebagaimana tertuang dalam materi Rapat yang telah dibagikan kepada pemegang saham sebelum Rapat ini. / Approved the amendments to the Articles of Association of the Company in connection with the application of the Regulation of the Financial Services Authority and rearrange the Articles of Association so that the details of the sentence structure of each chapter amendments, as set out in the meeting materials that have been distributed to shareholders prior to the Meeting. 2. Menunjuk dan memberi kuasa kepada Direksi dan/atau Corporate Secretary Perseroan untuk melaksanakan keputusan tersebut diatas termasuk tetapi tidak terbatas untuk menandatangani akta pernyataan keputusan rapat dihadapan Notaris dan memberitahukan perubahan tersebut kepada pihak yang berwenang. / Appointed and authorized the Board of Directors and / or the Corporate Secretary of the Company to implement the decision of the above, including but not limited to sign the deed before the Notary statement of the meeting decision and notify the change to the appropriate authorities.

Ketiga / Third • Pada Mata Acara Ketiga karena hanya bersifat laporan maka tidak dilakukan proses tanya jawab Sudah terealisasi / has dan pengambilan keputusan. / Due to merely a report, the decision making and question and been realized answer process did not performed in Mata Acara Ketiga.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Agenda Keputusan/ Decision Realisasi/ Realization

• Paparan Mata Acara Ketiga yaitu sebagai berikut : / Mata Acara Ketiga explanation is as follows: Laporan Perubahan Realisasi Penggunaan Dana Penawaran Umum Terbatas I (PUT I) disampaikan dalam bentuk Materi Rapat yang dibagiakan sebelum dimulainya rapat yang uraiannya adalah sebagai berikut: / The Report of Changes in the Realization of the Use of Funds from Limited Public Offering I (PUT I) was delivered in the form of Meeting Material which is distributed before the meeting started with description as follows: Pada bulan Juni 2012, PT. Bank Sinarmas Tbk., melakukan Penawaran Umum Terbatas I (PUT I) kepada para pemegang saham dengan Hak Memesan Efek Terlebih dahulu (HMETD). Dana yang diperoleh dari PUT I adalah sebesar Rp300.796.534.500. (tiga ratus miliar tujuh ratus sembilan puluh enam juta lima ratus tiga puluh empat ribu lima ratus rupiah). Keseluruhan dana tersebut digunakan untuk pembelanjaan teknologi informasi sebesar 60% dan pengembangan jaringan kantor sebesar 40% dengan uraian sebagai berikut: / On June 2012, PT. Bank Sinarmas Tbk., conducted Limited Public Offering I (Issue I) to shareholders with preemptive rights in advance (ER). The proceeds from the Rights Offering was Rp 300,796,534,500. (three hundred billion seven hundred and ninety six million five hundred and thirty-four thousand five hundred dollars). Overall funds were used to purchase 60% of information technology and office network development by 40% with the following description: 1. Total penggunaan dana periode Oktober hingga Desember 2012 adalah sebesar Rp36.351.786.504,7 (tiga puluh enam miliar tiga ratus lima puluh satu juta tujuh ratus delapan puluh enam ribu lima ratus empat koma tujuh rupiah), dengan Rp24.086.621.170,2 (dua puluh empat miliar delapan puluh enam juta enam ratus dua puluh satu ribu seratus tujuh puluh koma dua rupiah) untuk pembelanjaan teknologi informasi dan Rp12.265.165.334,5 (dua belas miliar dua ratus enam puluh lima juta seratus enam puluh lima ribu tiga ratus tiga puluh empat koma lima rupiah) untuk pengembangan jaringan kantor. Total use of funds from October to December 2012 was Rp36,351,786,504.7 (thirty-six billion three hundred and fifty-one million seven hundred and eighty-six thousand five hundred four point seven rupiahs), with Rp24,086,621,170.2 (twenty-four billion eighty six million six hundred and twenty one thousand one hundred seventy point two rupiahs) for information technology spending and Rp12,265,165,334.5 (twelve billion two hundred and sixty five million one hundred and sixty-five thousand three hundred and three twenty-four point five rupiahs) for the development of the office network. 2. Total penggunaan dana periode Januari hingga Maret 2013 adalah sebesar Rp24.257.379.241,28 (dua puluh empat miliar dua ratus lima puluh tujuh juta tiga ratus tujuh puluh sembilan ribu dua ratus empat puluh satu koma dua delapan rupiah) dengan 9.158.062.469,65 (sembilan miliar seratus lima puluh delapan juta enam puluh dua ribu empat ratus enam puluh sembilan koma enam lima rupiah) untuk pembelanjaan teknologi informasi dan Rp15.099.316.771,63 (lima belas miliar sembilan puluh sembilan juta tiga ratus enam belas ribu tujuh ratus tujuh puluh satu koma enam tiga rupiah) Total use of funds from January to March 2013 was Rp24,257,379,241.28 (twenty-four billion, two hundred and fifty-seven million three hundred and seventy-nine thousand two hundred and forty-one point two eight rupiahs) with 9,158,062,469.65 (nine billion one hundred and fifty-eight million sixty two thousand four hundred and sixty-nine point six five rupiahs) for information technology spending and Rp15,099,316,771.63 (fifteen billion ninety-nine million three hundred sixteen thousand seven hundred and seventy-one point six three rupiahs)

Annual Report 2014 | PT. BANK SINARMAS Tbk. 303 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Agenda Keputusan/ Decision Realisasi/ Realization

3. Total penggunaan dana periode April hingga Juni 2013 adalah sebesar Rp33.218.107.267,32 (tiga puluh tiga miliar dua ratus delapan belas juta seratus tujuh ribu dua ratus enam puluh tujuh koma tiga dua rupiah), dengan Rp8.903.666.711,17 (delapan miliar sembilan ratus tiga juta enam ratus enam puluh enam ribu tujuh ratus sebelas koma satu tujuh rupiah) untuk pembelanjaan teknologi informasi dan Rp24.314.440.556,15 (dua puluh empat miliar tiga ratus empat belas juta empat ratus empat puluh ribu lima ratus lima puluh enam koma satu lima rupiah) untuk pengembangan jaringan kantor. Total use of funds from April to June 2013 was Rp33,218,107,267.32 (thirty-three billion two hundred and eighteen million one hundred seven thousand two hundred and sixty-seven point three two rupiahs), with Rp8,903,666,711.17 (eight billion nine hundred and three million six hundred and sixty six thousand seven hundred and eleven point one seven rupiahs) for information technology spending and Rp24,314,440,556.15 (twenty four billion three hundred and fourteen million four hundred and forty thousand five hundred and fifty-six point one five rupiahs) for the development of the office network. 4. Total penggunaan dana periode Juli hingga September 2013 adalah sebesar Rp90.697.650.439,17 (sembilan puluh miliar enam ratus sembilan puluh tujuh juta enam ratus lima puluh ribu empat ratus tiga puluh sembilan koma satu tujuh rupiah), dengan Rp57.855.842.162,67 (lima puluh tujuh miliar delapan ratus lima puluh lima juta delapan ratus empat puluh dua ribu seratus enam puluh dua koma enam tujuh rupiah) untuk pembelanjaan teknologi informasi dan Rp32.841.808.276,5 (tiga puluh dua miliar delapan ratus empat puluh satu juta delapan ratus delapan ribu dua ratus tujuh puluh enam koma lima rupiah) untuk pengembangan jaringan kantor. Total use of funds from July to September 2013 was Rp90,697,650,439.17 (ninety billion, six hundred and ninety-seven million six hundred fifty thousand four hundred and thirty-nine point one seven rupiahs), with Rp57,855,842,162.67 (fifty-seven billion, eight hundred and fifty-five million eight hundred and forty-two thousand one hundred sixty-two point six seven rupiahs) for information technology spending and Rp32,841,808,276.5 (thirty-two billion eight hundred and forty-one million eight hundred and eight thousand two hundred and seventy-six point five rupiahs) for the development of the office network. 5. Total penggunaan dana periode Oktober hingga Desember 2013 adalah sebesar Rp41.563.555.567 (empat puluh satu miliar lima ratus enam puluh tiga juta lima ratus lima puluh lima ribu lima ratus enam puluh tujuh rupiah), dengan Rp27.362.274.290 (dua puluh tujuh miliar tiga ratus enam puluh dua juta dua ratus tujuh puluh empat ribu dua ratus sembilan puluh rupiah) untuk pembelanjaan teknologi informasi dan Rp14.201.281.277 (empat belas miliar dua ratus satu juta dua ratus delapan puluh satu ribu dua ratus tujuh puluh tujuh rupiah) untuk pengembangan jaringan kantor. Total use of funds period October to December 2013 was Rp 41.563.555.567 (forty-one billion five hundred and sixty-three million five hundred and fifty-five thousand five hundred and sixty-seven rupiahs), with Rp 27.362.274.290 (twenty seven billion three hundred and sixty-two million two hundred and seventy-four thousand two hundred and ninety rupiahs) for information technology spending and Rp 14,201,281,277 (fourteen billion, two hundred and one million two hundred and eighty-one thousand two hundred and seventy-seven rupiahs) for development of office network. 6. Total penggunaan dana periode Januari hingga Maret 2014 adalah sebesar Rp36.524.702.479 (tiga puluh enam miliar lima ratus dua puluh empat juta tujuh ratus dua ribu empat ratus tujuh puluh sembilan rupiah), dengan Rp24.146.230.452 (dua puluh empat miliar seratus empat puluh enam juta dua ratus tiga puluh ribu empat ratus lima puluh dua) untuk pembelanjaan teknologi informasi dan Rp12.378.472.027 (dua belas miliar tiga ratus tujuh puluh delapan juta empat ratus tujuh puluh dua ribu dua puluh tujuh rupiah) untuk pengembangan jaringan kantor.

304 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Agenda Keputusan/ Decision Realisasi/ Realization

Total use of funds from January to March 2014 was Rp 36.524.702.479 (thirty-six billion, five hundred and twenty-four million seven hundred and two thousand four hundred and seventy-nine rupiahs), with Rp 24.146.230.452 (twenty four billion one hundred and forty six million two hundred thirty thousand four hundred and fifty two) for information technology spending and Rp 12,378,472,027 (twelve billion three hundred and seventy-eight million four hundred and seventy-two thousand twenty-seven rupiahs) for the development of the office network. 7. Total penggunaan dana periode April hingga Juni 2014 adalah sebesar Rp34.408.155.086,34 (tiga puluh empat miliar empat ratus delapan juta seratus lima puluh lima ribu delapan puluh enam koma tiga empat), dengan Rp26.288.551.814,64 (dua puluh enam miliar dua ratus delapan puluh delapan juta lima ratus lima puluh satu ribu delapan ratus empat belas koma enam empat rupiah) untuk pembelanjaan teknologi informasi dan Rp8.119.603.271,7 (delapan miliar seratus sembilan belas juta enam ratus tiga ribu dua ratus tujuh puluh satu koma tujuh rupiah) untuk pengembangan jaringan kantor. Total use of funds from April to June 2014 was Rp34,408,155,086.34 (thirty-four billion four hundred eight million one hundred and fifty-five thousand eighty-six point three four), with Rp26,288,551,814.64 (twenty six billion two hundred and eighty-eight million five hundred and fifty-one thousand eight hundred and fourteen point six four rupiahs) for information technology spending and Rp8,119,603,271.7 (eight billion, one hundred and nineteen million six hundred and three thousand two hundred and seventy-one point seven rupiahs) for the development of the office network. Sehingga Penggunaan Dana Hasil Penawaran Umum Terbatas I keseluruhannya digunakan untuk Pembelanjaan Teknologi Informasi sebesar Rp177.801.249.070,33 (seratus tujuh puluh tujuh miliar delapan ratus satu juta dua ratus empat puluh sembilan ribu tujuh puluh koma tiga tiga rupiah) dan untuk Pengembangan Jaringan Kantor sebesar Rp119.220.087.514,48 (seratus sembilan belas miliar dua ratus dua puluh juta delapan puluh tujuh ribu lima ratus empat belas koma empat delapan rupiah). Entirely, the Use of Funds of Limited Public Offering I used for Information Technology Spending amounting to Rp177,801,249,070.33 (one hundred and seventy-seven billion, eight hundred and one million two hundred and forty-nine thousand seventy-three point three rupiahs) and for Network Development Office amounting to Rp119,220,087,514.48 (one hundred and nineteen billion two hundred and twenty million eighty-seven thousand five hundred and fourteen point four eight rupiahs).

Dewan Komisaris BOARD OF COMMISSIONERS

Dewan Komisaris merupakan organ dalam Bank yang bertugas The Board of Commissioners is one of the corporate’sinstruments melakukan pengawasan, baik secara umum maupun secara responsible for general and/or specificsupervisory in accordance khusus sesuai dengan Anggaran Dasar, memastikan pelaksanaan with the Articles of Association, ensuring the implementation GCG terselenggara dalam setiap kegiatan usaha bank, serta of Good CorporateGovernance in every business activity, mengarahkan, memantau, dan mengevaluasi pelaksanaan providing direction aswell as monitoring and evaluating the kebijakan strategis Bank dengan memberikan masukan kepada implementation ofthe Bank’s strategic policies by providing Direksi. Pengawasan dan pemberian masukan serta nasihat ini advice to Directors.The supervisory and advising is carried bertujuan agar pengelolaan Bank yang dilakukan Direksi sejalan out for the interest ofthe Bank and in line with the goals and dengan maksud dan tujuan Bank Sinarmas. objectives of Bank Sinarmas.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 305 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Jumlah, Komposisi dan Kriteria Dewan Komisaris Number, Composition and Criteria of Board of Commissioners Berdasarkan hasil RUPSLB yang diselenggarakan pada 13 According to the result of EGM convened in June 13, 2014 as Juni 2014 yang tertuang dalam akta No. 45, diputuskan stated in the Deed No. 45, Mr. Wimpie Rianto as Independent bahwa menyetujui pemberhentian dengan hormat Bapak Commissioner is dismissed with respect, effective since the Wimpie Rianto sebagai Komisaris Independen terhitung sejak closing of the meeting. The meeting appointed Mr. Rusmin berakhirnya rapat. Selanjutnya dilakukan pengangkatan Bapak as Independent Commissioner, effectively since the meeting Rusmin selaku Komisaris Independen terhitung sejak rapat ended. His term of office effectiely starts on June 19, 2014 tersebut berakhir, dengan masa jabatan efektif per tanggal after receiving approval from Financial Services Authority. Thus, 19 Juni 2014 setelah mendapat persetujuan dari OJK. Dengan the composition of Board of Commissioners per December 31, demikian, sampai saat ini jumlah anggota Dewan Komisaris 2014 consists of 3 people, 1 President Commissioner and 2 Perseroan per 31 Desember 2014 berjumlah 3 (tiga) orang Independent Commissioner. yang terdiri dari 1 (satu) Komisaris Utama dan 2 (dua) Komisaris Independen.

Persetujuan / Approval Periode Masa OJK &Bank Indonesia Domisili / No Nama / Name Jabatan / Position / Financial Services Jabatan / RUPS/GMS Domicile Authority & Bank Term of Office Indonesia

1 Tjendrawati Widjaja Komisaris Utama / 13 Juni 2014 20 April 2010 / 15 Juni 2017 Indonesia President Commissioner (RUPSLB) / April 20, 2010 (RUPSLB) / June 13, 2014 June 15, 2014 (EGM) (EGM) 2 Sammy Kristamuljana Komisaris Independen 13 Juni 2014 8 Oktober 2007 / 15 Juni 2017 Indonesia / Independent (RUPSLB) / October 8, 2007 (RUPSLB) / Commissioner June 13, 2014 June 15, 2014 (EGM) (EGM) 3 Rusmin Komisaris Independen 13 Juni 2014 19 Juni 2014 / 15 Juni 2017 Indonesia / Independent (RUPSLB) / June 19, 2014 (RUPSLB) / Commissioner June 13, 2014 June 15, 2014 (EGM) (EGM)

Dengan demikian jumlah, komposisi, dan kriteria Dewan Therefore, the number, composition and criteria of Board of Komisaris telah memenuhi ketentuan dalam Pasal 110 Commissioners has complied the regulations stipulated in Undang-Undang Perseroan Terbatas, Pasal 27 Peraturan Bank Article 27, the Regulations of Bank Indonesia No. 11/1/PBI/2009 Indonesia No. 11/1/PBI/2009 tentang Bank Umum, Peraturan of Public Bank, the Regulations of Bank of Indonesia No. 12/23/ Bank Indonesia No. 12/23/PBI/2010 tentang Uji Kemampuan PBI/2010 regarding to Fit and Proper Test, and the Regulations dan Kepatutan (Fit and Proper Test) dan Peraturan OJK (d/h of Financial Services Authority (formerly Bapepam-LK) No. IX.I.6 Bapepam-LK) No. IX.I.6 lampiran Keputusan Ketua (d/h) attachment the Decision of Director (formerly) of Bapepam-LK Bapepam-LK tentang Direksi dan Komisaris Emiten dan about the Board of Directors and Board of Commissioners of Perusahaan Publik, antara lain: Public Company, such as: 1. Dewan Komisaris diketuai oleh Komisaris Utama 1. Board of Commissioners is chaired by President Commissioner 2. Seluruh anggota Dewan Komisaris berdomisili di Indonesia 2. All Commissioners domicile in Indonesia 3. Anggota Dewan Komisaris berjumlah 3 (tiga) orang, dengan 3. The members of Board of Commissioners consist of 3 tidak melebihi jumlah anggota Direksi (three) people by not outnumbering the members of Board of Directors

306 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

4. Presentase komposisi Komisaris Independen telah lebih dari 4. The composition percentage of Independent Commissioner 50% (lima puluh persen) menunjukan upaya Perseroan is more than 50%; thus the Company has created an dalam menciptakan iklim dan lingkungan kerja yang objective work environment and upheld fairness and objektif serta mengedepankan prinsip kewajaran (fairness) equality principles to all its stakeholders. dan kesetaraan terhadap Stakeholders Bank Sinarmas 5. Pengangkatan anggota Dewan Komisaris dilakukan 5. The appointment of the members of Board of Commissioners oleh RUPS berdasarkan usulan Komite Remunerasi dan is conducted by GMS based on the recommendation of Nominasi Nomination and Remuneration Committee. 6. Seluruh anggota Dewan Komisaris telah lulus fit and proper 6. All members of Board of Commissioners have passed the fit test Bank Indonesia and proper test from Bank of Indonesia.

Tugas dan Tanggung Jawab Duties and Responsibilities Berdasarkan Surat Keputusan No.SK.001/2014/PRESKOM- Based on the Decree No.SK.001/2014/PRESKOM_ Corsec&Corcomm tertanggal 30 Juni 2014, secara umum Corsec&Marcomm dated June 30, 2014, in general, the Board Dewan Komisaris memiliki tugas dan tanggung jawab sebagai of Commissioners has duties and responsibilities as follows: berikut: 1. Melaksanakan sebaik-baiknya kewajiban Dewan Komisaris 1. Implement the Board of Commissioners’ obligations as sebagaimana diamanatkan dalam peraturan perundang- mandated in legislation, the Articles of Association of the undangan, Anggaran Dasar Perseroan berikut perubahan- Company following amendments, Board Manual, this perubahannya, Board Manual, Surat Keputusan ini beserta Decree and its amendment, work rules and guidelines of perubahannya, dan Pedoman Tata Tertib Kerja Dewan the Board of Commissioners as well as possible. Komisaris. 2. Dalam menjalankan tugasnya, Dewan Komisaris berhak 2. In performing its duties, the Board of Commissioners is memperoleh penjelasan dari Direksi atau setiap anggota entitled to an explanation from the Board of Directors or any Direksi tentang segala hal yang diperlukan oleh Dewan member of the Board of Directors on all matters required by Komisaris. the Board of Commissioners. 3. Dewan Komisaris menerapkan prinsip-prinsip GCG 3. The Board of Commissioners applied the principles of Good sebagaimana diatur dalam Peraturan Bank Indonesia Corporate Governance as stipulated in Regulation of Bank No.8/4/PBI/2006 tentang pelaksaaan Good Corporate Indonesia No. 8/4/PBI/2006 on the implementation of Good Governance tertanggal 30 Januari 2006 yang kemudian Corporate Governance dated January 30, 2006 which was diubah dalam Peraturan Bank Indonesia No. 8/14/2006 amended in Bank Indonesia Regulation No. 08/14/2006 tertanggal 5 Oktober 2006, dalam setiap kegiatan usaha dated October 5, 2006, in any business activities of the Bank pada seluruh tingkatan atau jenjang organisasi. Bank at all levels of the organization. 4. Melakukan pengawasan atas kebijakan pengurusan pada 4. To supervise the monitoring policy in general, both of the umumnya, baik mengenai Bank sebagai Perseroan maupun Bank as the Company and the Bank’s business, and to usaha Bank, dan memberi nasihat kepada Direksi. advise the Board of Directors. 5. Dalam melakukan pengawasan, Dewan Komisaris wajib 5. In conducting the supervision, the Board of Commissioners mengarahkan, memantau, dan mengevaluasi pelaksanaan shall direct, monitor, and evaluate the implementation of kebijakan strategis Perseroan serta melaporkannya secara the Company’s strategic policy and report in writing to Bank tertulis ke Bank Indonesia secara semesteran. Indonesia semester. 6. Dalam melakukan pengawasan, Dewan Komisaris dilarang 6. In conducting supervision, the Board of Commissioners terlibat dalam pengambilan keputusan kegiatan operasional may not be involved in decision-making operations of the Bank (kredit, treasury, penghimpunan dana, dan kegiatan Bank (credit, treasury, fund raising, and other operational operasional lainnya), kecuali: activities), except: a. Penyediaan dana kepada pihak terkait sebagaimana a. Provision of funds to related parties as stipulated in the diatur dalam ketentuan Bank Indonesia tentang Batas Bank Indonesia regulations concerning Lending Limit for Maksimum Pemberian Kredit Bank Umum. Commercial Banks.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 307 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

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b. Hal-hal lain yang ditetapkan dalam Anggaran Dasar b. Other matters specified in the Articles of Association of Bank atau peraturan perundangan yang berlaku. the Bank or the applicable laws and regulations. 7. Memastikan bahwa Direksi telah menindaklanjuti temuan 7. Ensuring that the Board of Directors has followed up on audit dan rekomendasi dari satuan kerja audit intern Bank, audit findings and recommendations of the Bank’s internal auditor eksternal, hasil pengawasan Bank Indonesia dan/ audit unit, the external auditors, the results of supervision atau hasil pengawasan otoritas lain yang termasuk namun by Bank Indonesia and / or other authorities including but tidak terbatas pada Bapepam-LK dan/atau Bursa Efek not limited to Bapepam-LK and / or the Indonesia Stock Indonesia. Exchange. 8. Memberitahukan kepada Bank Indonesia paling lambat 7 8. Informing Bank Indonesia within 7 (seven) working days (tujuh) hari kerja sejak ditemukannya : after the discovery: a. Pelanggaran peraturan perundang-undangan di bidang a. Violation of laws and regulations in the field of financial keuangan dan perbankan. and banking. b. Keadaan atau perkiraan keadaan yang dapat b. The state of or state estimate that can endanger the membahayakan kelangsungan usaha Bank. survival of the Bank. 9. Berkewajiban membentuk paling kurang: 9. Obliged to establish at least: a. Komite Audit a. Audit Committee

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

b. Komite Pemantau Risiko b. Risk Monitoring Committee c. Komite Remunerasi dan Nominasi c. Remuneration and Nomination Committee

Secara khusus pembagian tugas dan tanggung jawab Dewan In particular, the division of duties and responsibilities of the Komisaris adalah sebagai berikut: Board of Directors are as follows:

Komisaris Utama / President Commissioner - Tjendrawati Widjaja

1. Melakukan koordinasi seluruh kegiatan anggota Dewan Komisaris To coordinate all activities of the members of the Board of guna meningkatkan fungsi pengawasan terhadap pengelolaan Commissioners in order to improve the supervisory function toward dan kinerja Perseroan. the management and performance of the Company’s. 2. Melakukan pengawasan terkait Credit, Liabilities Product Conduct Supervision related to Liabilities Product Development, Development, Sharia, Treasury, Global Trade Services, dan Sharia, Treasury, Global Trade Services, and Electronic Channel Electronic Channel Operations yang secara garis besar adalah Operations in outline is as follows: sebagai berikut: a) Pengawasan terhadap kegiatan pemberian dan komposisi a) Supervision over the activities of administration and composition kredit berdasarkan penerapan prinsip kehati-hatian of the loan based on the application of the prudential principle, (prudential principle) termasuk tindak lanjut atas temuan including the follow up of the findings of Bank Indonesia in the Bank Indonesia dibidang kredit. field of credit. b) Pengawasan terhadap pengembangan dan peluncuran b) Supervision over the development and launch of products produk/jasa yang dikeluarkan antara lain funding, business / services issued, among others, funding, business partner partner development, credit card, investment product, serta development, credit card, investment product, as well as electronic channel. electronic channels. c) Pengawasan terhadap kegiatan UUS khususnya kredit dan c) Supervision over the activities of sharia business unit, especially pengembangan & pengeluaran produk/jasa. credit and the development & spending of products / services. d) Pengawasan atas likuiditas, kegiatan terkait forex & pasar d) Supervision over the liquidity, money market & Forex-related and uang, instrumen derivatif, dan kegiatan jual beli valuta asing. money markets, derivative instruments and foreign exchange e) Pengawasan terhadap kegiatan Global Trade Services baik di trading activities. dalam maupun di luar negeri. e) Supervision over Global Trade Services activities both within and f) Pengawasan terhadap kegiatan Electronic Operations seperti outside the country. card issuer, rekonsiliasi, settlement, system development, f) Supervision over Electronic Operations activities such as card system procedure, monitoring & deployment, dan product issuance, reconciliation, settlement, system development, development. system procedures, monitoring and deployment, and product development.

Komisaris Independen/ Independent Commissioner - Sammy Kristamuljana

1. Bersama-sama dengan anggota Dewan Komisaris lainnya dalam Together with members of the Board of Commissioners improving meningkatkan fungsi pengawasan terhadap pengelolaan dan the oversight of the Company’s management and performance. kinerja Perseroan. 2. Melakukan pengawasan terkait Loan Recovery, Business Continuity Conduct supervision related to Loan Recovery, Business Continuity Management, Risk Management, Information Technology, Management, Risk Management, Information Technology, Financial Financial Planning & Controlling, Strategic & Performance Planning & Controlling, Strategic & Performance Management, and Management, dan Compliance & Legal secara garis besar adalah Compliance & Legal in outline is as follows: sebagai berikut: a) Pengawasan atas debitur dengan kredit bermasalah. a) Supervision over the debts with non-performing loans b) Pengawasan atas kebijakan dan pelaksanaan Business b) Supervision over Business Continuity Plan policy and Continuity Plan. implementation. c) Pengawasan terhadap perumusan, penetapan, dan evaluasi c) Supervision over the formulation, determination, and evaluation kebijakan manajemen risiko. of risk management policies. d) Pengawasan terhadap perumusan dan evaluasi d) Supervision over the formulation and evaluation of development pengembangan jaringan teknologi informasi guna of information technology network to support the activities of mendukung kegiatan Perseroan (Blue print teknologi the Company (Information Technology Blueprint) Informasi). e) Pengawasan terhadap perumusan dan evaluasi strategi e) Supervision over the formulation and evaluation of the Perseroan yang tertuang dalam rencana bisnis dan corporate Company’s strategy set out in the business plan and corporate plan dikaitkan dengan visi dan misi Perseroan. plan associated with the Company’s vision and mission. f) Pengawasan terhadap penilaian kinerja Perseroan. f) Supervision over the Company’s performance g) Pengawasan atas kepatuhan terhadap peraturan internal g) Supervision over the compliance of internal and external maupun peraturan eksternal (regulator perbankan dan pasar regulations (banking and capital market regulator) modal) Annual Report 2014 | PT. BANK SINARMAS Tbk. 309 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Komisaris Independen - Rusmin

1. Bersama-sama dengan anggota Dewan Komisaris lainnya dalam Together with member of the Board of Commissioners in improving meningkatkan fungsi pengawasan terhadap pengelolaan dan the supervisory function over the Company’s management and kinerja Perseroan. performance. 2. Melakukan pengawasan terkait Audit Internal, Human Capital Conduct supervision related to Internal Audit, Human Capital Management, Accounting, Credit Administration & control, Management, Accounting, Credit Administration & control, Operational, Corporate Secretary & Communication, dan General Operational, Corporate Secretary & Communication, and General Affairs yang secara garis besar adalah sebagai berikut: Affairs in outline as follows: a) Pengawasan terhadap pengendalian internal yang a) Supervision over internal control which is implanted by internal dilaksanakan oleh audit internal dan audit eksternal. and external audit. b) Pengawasan atas kegiatan perekrutan dan pengembangan b) Supervision over recruitment and human capital development sumber daya manusia. activities. c) Pengawasan atas pelaksanaan corporate action dan c) Supervision over corporate action and the fulfillment of pemenuhan terhadap ketentuan peraturan eksternal external regulations (banking and capital market regulator) (regulator perbankan dan pasar modal). implementation. d) Pengawasan terhadap perlakuan akuntansi dan laporan d) Supervision over accounting treatment and financial statements keuangan Perseroan. of the Company. e) Pengawasan terhadap pelaksanaan fungsi administratif kredit. e) Supervision over loan administrative function implementation. f) Pengawasan terhadap operasional Perseroan termasuk f) Supervision over the Company’s operational including kegiatan transaksi (remittance, RTGS, Kliring, Import-Export, transactions activity (remittance, RTGS, Kliring, Import-Export, dan arus kas), dan pelayanan Perseroan. and cash flow), and services of the Company. g) Pengawasan terhadap pendapatan, biaya, dan pajak g) Supervision over income, cost, and tax of the Company. Perseroan. h) Supervision over the Company’s assets maintenance and the h) Pengawasan atas kegiatan pemeliharaan aset perusahaan dan accuracy for administrative requirements of the Company with ketepatan atas pemenuhan kebutuhan administrasi Perseroan the Company’s attention to efficiency. dengan memperhatikan efisiensi Perseroan.

Independensi dan Transparansi Dewan Komisaris Independency and Transparency of Board of Commissioners Seluruh anggota Dewan Komisaris tidak memiliki kepemilikan, All members of the Board of Commissioners has no financial dan/atau hubungan keuangan, serta hubungan keluarga relationships and/or family relationships (to the second degree) (sampai dengan derajat kedua) dengan anggota Dewan with other members of the Board of Commissioners, the Board Komisaris lainnya, anggota Direksi, dan/atau pemegang saham of Directors, and/or controlling shareholders. In addition, none pengendali. Selain itu, Anggota Dewan Komisaris tidak ada yang of Member of the Board of Commissioners held concurrent merangkap jabatan sebagai anggota Dewan Komisaris, Direksi, positions as members of the Board of Commissioners, Board of atau Pejabat Eksekutif pada suatu lembaga keuangan lain, atau Directors, or Executive Officer at another financial institution, or anggota Dewan Komisaris, Direksi, atau Pejabat Eksekutif yang a member of the Board of Commissioners, Board of Directors, melaksanakan fungsi pengawasan pada satu anak perusahaan or the Executive Officer to carry out supervision on a non-bank bukan Bank yang dikendalikan oleh perusahaan. subsidiary controlled by company.

Tabel hubungan afiliasi Dewan Komisaris Table of affiliation relationship of the Board of Directors: Hubungan Keuangan dengan/ Hubungan Keluarga dengan/ Family relationship with Family relationship with Dewan Komisaris/ Dewan Komisaris/ Direksi/ Pemegang Saham/ Direksi/ Board of Pemegang Saham/ Nama/ Name Board of Board of Board of Directors Dhareholders Directors Dhareholders Commissioners Commissioners Tidak / Tidak / Tidak / Tidak / Tidak / Tidak / Ya / Yes Ya / Yes Ya / Yes Ya / Yes Ya / Yes Ya / Yes No No No No No No

Tjendrawati Widjaja x x x x x x Sammy Kristamuljana x x x x x x Rusmin x x x x x x

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Rangkap Jabatan Dewan Komisaris Concurrent Position of the Board of Commissioners Berdasarkan Peraturan Bank Indonesia No. 8/14/PBI/2006 Based on the Bank Indonesia’s Regulation No. 8/4/PBI/2006 tentang Pelaksanaan GCG, anggota Dewan Komisaris on GCG Implementation, the member of the Board of diperkenankan untuk merangkap jabatan, namun dengan Commissioners is allowed to held concurrent positions, with ketentuan sebagai berikut : following conditions: a) Hanya dapat menjadi anggota Dewan Komisaris, Direksi, a. Can only be a member of the Board of Commissioners, atau Pejabat Eksekutif pada 1 (satu) lembaga/perusahaan Board of Directors, or the Executive Officer in 1 (one) bukan lembaga keuangan, atau institution / company, not a financial institution, or b) Anggota Dewan Komisaris, Direksi, atau Pejabat Eksekutif b. Members of the Board of Commissioners, Board of yang melaksanakan fungsi pengawasan pada 1 (satu) Directors, or the Executive Officer to carry out supervisory perusahaan anak bukan Bank yang dikendalikan oleh Bank. function in one (1) non-bank subsidiaries controlled by the Bank. Berikut daftar Dewan Komisaris yang merangkap jabatan di The following is the list of Board of Commissioner who held perusahaan lain : concurrent position in other companies: Jabatan di perusahaan/ Jabatan di Bank Sinarmas/ Jabatan di Bank Lain/ Position in Nama/ Name lembaga lain/ Position in other Position in Bank Sinarmas other bank instutitions

Tjendrawati Widjaja x x x Sammy Kristamuljana x x x Rusmin x x x

Pedoman dan Tata Tertib Kerja Dewan Komisaris Guidelines And Work Procedures of Board of Commissioners Pedoman dan Tata Tertib Kerja Dewan Komisaris ditetapkan Guidelines and work procedures of Board of Commissioners set melalui Surat Keputusan nomor 002/2014/PRESKOM- by decree number 002/2014/PRESKOM-CorSec & CorComm CorSec&Corcomm tertanggal 30 Juni 2014 yang secara garis dated June 30, 2014 which outlines regulating day, working besar mengatur tentang hari, jam kerja, dan cuti Dewan hours, and leave of Board of Commissioners; Terms of Komisaris; ketentuan penyelenggaraan dan pengambilan organizing and decision-making of meetings; Code of ethics; keputusan rapat; kode etik; peningkatan kompetensi Dewan Improving competence of the Board of Commissioners. Komisaris.

Frekuensi, Tingkat Kehadiran, dan Rekap Absensi Rapat Frequency, Attendance List and Absence List of Board of Dewan Komisaris Commissioners Selama 2014, Dewan Komisaris telah menyelenggarakan rapat During 2014, the Board of Commissioners held a meeting 4 sebanyak 4 (empat) kali. Rapat tersebut dihadiri secara fisik oleh (four) times. The meeting was attended physically by members anggota Dewan Komisaris dan dipimpin oleh Komisaris Utama. of the Board of Commissioners and chaired by President Seluruh hasil rapat diputuskan berdasarkan musyawarah Commissioner. The entire results of the meeting were decided mufakat dan dituangkan secara tertulis dalam risalah rapat by consensus agreement and set forth in writing in the minutes serta didokumentasikan dengan baik. of meetings and well documented.

Dengan demikian, Bank Sinarmas telah memenuhi ketentuan Thus, Bank Sinarmas has complied with Bank Indonesia Bank Indonesia tentang pelaksanaan GCG yang telah ditetapkan regulations on the implementation of good corporate dalam ketentuan internal Perseroan yaitu Board Manual dan governance (GCG) as set out in the Company’s internal Pedoman Tata Tertib Kerja Dewan Komisaris. regulations i.e. Board Manual and guidelines Charter of Board of Commissioners.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 311 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Frekuensi Kehadiran/ Persentase/ No. Nama/ Name Jabatan/ Position Attendance Frequency Percentage

1 Tjendrawati Widjaja Komisaris Utama/ President Commissioner 4/4 100% Komisaris Independen/ Independent 2 Sammy Kristamuljana 4/4 100% Commissioner Komisaris Independen/ Independent 3 Wimpie Rianto* 2/4 50% Commissioner Komisaris Independen/ Independent 4 Rusmin** 2/4 50% Commissioner

Keterangan : *) Sudah tidak bergabung sejak 13 Juni 2014 Information: *) Resign since June 13, 2014 **) Efektif menjabat sejak 19 Juni 2014 **) Effective since June 19, 2014

Rekap Absensi Rapat Meeting Attendance Recap Inisial Tanggal/ Tjendrawati Widjaja Wimpie Rianto Sammy Kristamuljana Rusmin Initial Date

14 Februari 2014/ √ √ √ Belum Bergabung/ February 14, 2014 Not joined yet 7 Maret 2014/ √ √ √ Belum Bergabung/ March 7, 2014 Not joined yet 27 Juni 2014/ √ Sudah tidak bergabung/ √ √ June 27, 2014 Resigned 8 September 2014/ √ Sudah tidak bergabung/ √ √ September 8, 2014 Resigned

Agenda Rapat Dewan Komisaris Meeting Agenda of Board of Commissioners Nomor Risalah Rapat/ Tanggal/ Agenda Rapat/ Number of Minutes of Date Meeting Agenda Meeting

14 Februari 2014/ RR No. 001/2014/DEKOM Penyesuaian Ketentuan OJK IX.I.5 / February 14, 2014 OJK IX.I.5 Provision Adjustment 7 Maret 2014/ RR No. 002/2014/DEKOM Presentasi Laporan Direksi tahun 2013 / March 7, 2014 Report of the Board of Directors 2013 Presentation 27 Juni 2014/ RR No. 003/2014/DEKOM • Tugas dan tanggung jawab Dewan Komisaris/ Duties and Responsibilities of June 27, 2014 the Board of Commissioners • Perubahan struktur anggota Komite Audit dan Komite Pemantau Risiko/ Changes in member of Audit Committee and Risk Monitoring Committee Structure • Human Capital Management 8 September 2014/ RR No. 004/2014/DEKOM • Action Plan tahun 2014 / Action Plan in 2014 September 8, 2014 • Kinerja Keuangan/ Financial Performance • Produk/ Products • Self Assessment Tingkat Kesehatan Bank / Self-Assessment of the Level of Bank’s Health

Kunjungan Kerja Dewan Komisaris Work Visit of Board of Commissioners Selama 2014, Dewan Komisaris melakukan beberapa During 2014, Board of Commissioners made several visits to kunjungan ke beberapa kantor cabang seperti Kantor Cabang several branches like Balikpapan Branch Office. During the Balikpapan. Dalam kunjungan selama 4 (empat) hari tersebut, 4-day visit, the Board of Commissioners gave a briefing or Dewan Komisaris memberikan briefing atau membahas hal-hal discussed certain matters related to the business activities of tertentu terkait aktivitas bisnis kantor cabang. the branch office.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Dewan Komisaris juga melakukan sharing session yang Board of Commissioners also conducted sharing sessions berisikan pembekalan, pengarahan, dan wejangan kepada consisted of debriefing, briefing, and discourse to the MDP lulusan MDP. Marketing graduates Batch 1 on November 28, 2014.

Rekomendasi Dewan Komisaris Recommendation of Board of Commissioners Sepanjang 2014, Dewan Komisaris telah melaksanakan Throughout 2014, Board of Commissioners has carried out tugas dan tanggung jawabnya di bidang pengawasan sesuai its duties and responsibilities in supervisory in accordance dengan ketentuan Anggaran Dasar, Keputusan RUPS, RBB, dan with the provisions of the Articles of Association, GMS, RBB, keputusan lainnya guna menunjang kegiatan bisnis perusahaan. and other decisions to support the business activities of Hasil pengawasan tersebut selanjutnya akan ditindaklanjuti the bank. The monitoring results will then be followed with dengan memberikan vrekomendasi kepada Direksi secara making recommendations to the Board of Directors in writing tertulis (memorandum) atau lisan (dalam rapat Direksi dengan (memorandum) or orally (in a Directors meeting with Board Of Dewan Komisaris), antara lain mengenai: Commissioners), among others, on: 1. Laporan Self Assessment tingkat kesehatan Bank agar 1. Self Assessment report, the level of the health of the Bank dapat terus ditingkatkan. to be improved continuously. 2. Perbaikan kinerja keuangan Bank agar mencapai target 2. Bank’s financial performance improvement in order to yang telah ditetapkan dalam Revisi Rencana Bisnis Bank achieve the targets set in the revised Business Plan (RBB) in (RBB) 2014. 2014. 3. Peningkatan proses control pada produk baru maupun 3. Improved control process in new products and existing produk existing dari tiap-tiap unit kerja. products of each unit. 4. Pencalonan anggota Direksi sebagaimana telah 4. The nomination of members of the Board of Directors as has direkomendasikan Komite Remunerasi dan Nominasi. been recommended by the Remuneration and Nomination Committee. 5. Hasil pemeriksaan OJK dan tindak lanjutnya. 5. The results of the Financial Services Authority investigation and the follow-up. 6. Perubahan susunan anggota Komite Audit, Komite 6. Changes in the composition of the Audit Committee, Risk Pemantau Risiko, dan Komite Remunerasi & Nominasi yang Monitoring Committee and Remuneration & Nomination selanjutnya telah ditindaklanjuti melalui Surat Keputusan Committee which in turn has been followed up by the Direksi. Decree of the Board of Directors. 7. Hasil dari pemeriksaan Audit internal. 7. The results of the internal audit examination. 8. Penyempurnaan Kebijakan terkait Penggantian dan/atau 8. Completion of Policies related to Replacement and / or the pengangkatan Calon Dewan Komisaris dan Direksi. appointment of the Board of Commissioners and Board of Directors Candidate.

Program Pelatihan Dewan Komisaris Training Program of Board of Commissioners Demi terus meningkatkan kompetensi sejalan dengan To improve the competency in line with the development of perkembangan bisnis perbankan, selama tahun 2014, Dewan banking business, during 2014, the Board of Commissioners Komisaris telah mengikuti berbagai seminar/pelatihan/ has participated in various seminar/ training/ workshop, among workshop, antara lain: others: Seminar/ Seminar Waktu/ Time Tempat/ Place

Tjendrawati Widjaja Refreshment UKMR 16 April 2014/ April 16, 2014 Jakarta

Sammy Kristamuljana Refreshment UKMR 12 April 2014/ April 12, 2014 Jakarta

Rusmin Tutorial dan Ujian UKMR L.2 Komisaris / Tutorial and 15 Maret 2014/ March 15, 2014 Jakarta Test of UKMR L.2 for Commissioner

Annual Report 2014 | PT. BANK SINARMAS Tbk. 313 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

DIREKSI BOARD OF DIRECTORS

Berdasarkan Pasal 1 angka (5) Undang-Undang Nomor 40 According to Article 1 paragraph (5) of Law No. 40 of 2007 Tahun 2007 tentang Perseroan Terbatas (UUPT), Direksi adalah on Limited Liability Company (Company Law), the Company’s organ Perseroan yang berwenang dan bertanggungjawab Board of Directors is the authorized and are fully responsible penuh atas pengurusan Perseroan untuk kepentingan organ for the management of the Company for the benefit Perseroan, sesuai dengan maksud dan tujuan Perseroan serta of the Company, in accordance with the aims and objectives mewakili Perseroan, baik di dalam maupun di luar pengadilan of the Company and represent the Company, both inside and sesuai dengan Anggaran Dasar. Dalam melaksanakan tugasnya, outside the court in accordance the Articles of Association. In Direksi bertanggungjawab kepada RUPS. Pertanggungjawaban performing its duties, the Board of Directors is responsible to Direksi kepada RUPS merupakan perwujudan akuntabilitas the GMS. Accountability of the Board of Directors to the GMS is pengelolaan perusahaan sesuai dengan prinsip-prinsip GCG. the embodiment of management accountability in accordance with the principles of GCG.

Jumlah, Komposisi, dan Kriteria Direksi Number, Composition and Criteria of Board of Directors Berdasarkan hasil RUPSLB yang diselenggarakan pada 24 Based on the results of EGM held on March 24, 2015, it was Maret 2015 diputuskan bahwa menyetujui pengangkatan decided that the appointment of Soejanto Soetjijo and Frenky Soejanto Soetjijo dan Frenky Tirtowijoyo Susilo sebagai Direktur Tirtowijoyo Susilo as a Director of the Company has been Perseroan. Dengan demikian, jumlah anggota Direksi Perseroan approved. Thus, the number of Board of Directors members per 31 Desember 2014 berjumlah 8 (delapan) orang yang of the Company per December 31, 2014 is 8 (eight) persons, terdiri dari 1 (satu) Direktur Utama, 5 (lima) Direktur, serta 2 consisting of 1 (one) President Director, five (5) Directors, as (dua) Direktur Independen. well as two (2) Independent Directors.

Persetujuan / Approval Periode Masa Domisili / No Nama / Name Jabatan / Position Jabatan / Domicile RUPS/GMS Bank Indonesia / OJK Position Period

13 Juni 2014 15 Juni 2017 Direktur Utama / 24 Oktober 2010 / 1 Freenyan Liwang (RUPSLB) / June (RUPSLB) / June Indonesia President Director October 24, 2010 13, 2014 (EGM) 15, 2017 (EGM) 13 Juni 2014 15 Juni 2017 28 Februari 2006 / 2 Heru Agus Wuryanto Direktur / Director (RUPSLB) / June (RUPSLB) / June Indonesia February 28, 2006 13, 2014 (EGM) 15, 2017 (EGM) 13 Juni 2014 15 Juni 2017 Direktur Independen / 8 Oktober 2007 / 3 Salis Teguh Hartono (RUPSLB) / June (RUPSLB) / June Indonesia Independent Director October 8, 2007 13, 2014 (EGM) 15, 2017 (EGM) 13 Juni 2014 15 Juni 2017 14 April 2010 / 4 Loa Johnny Mailoa Direktur / Director (RUPSLB) / June (RUPSLB) / June Indonesia April 14, 2010 13, 2014 (EGM) 15, 2017 (EGM) 13 Juni 2014 15 Juni 2017 12 Maret 2012 / 5 Halim Direktur / Director (RUPSLB) / June (RUPSLB) / June Indonesia March 12, 2012 13, 2014 (EGM) 15, 2017 (EGM) 13 Juni 2014 15 Juni 2017 Direktur Independen / 6 Mei 2013 / 6 Hanafi Himawan (RUPSLB) / June (RUPSLB) / June Indonesia Independent Director May 6, 2013 13, 2014 (EGM) 15, 2017 (EGM) 24 Maret 2015 15 Juni 2017 (RUPSLB) / 10 Desember 2014 / 7 Soejanto Soetjijo Direktur / Director (RUPSLB) / June Indonesia March 24, 2014 December 10, 2014 15, 2017 (EGM) (EGM) 24 Maret 2015 15 Juni 2017 (RUPSLB) / 27 Januari 2015 / 8 Frenky Tirtowijoyo Susilo Direktur / Director (RUPSLB) / June Indonesia March 24, 2014 January 27, 2015 15, 2017 (EGM) (EGM))

314 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Dengan demikian jumlah, komposisi, dan kriteria Direksi Thus, the number, composition and criteria of Board of Perseroan telah sesuai dengan aturan internal maupun Directors of Bank Sinarmas have fulfilled the internal and eksternal, antara lain sebagai berikut: external regulation, such as: • Direksi diketuai oleh Direktur Utama. • Board of Directors is led by President Director; • Seluruh anggota Direksi berdomisili di Indonesia. • All members of Board of Directors are domiciled in Indonesia; • Anggota Direksi berjumlah 8 (delapan) orang, melebihi dari • Members of Board of Directors consist of 8 (eight) people jumlah Dewan Komisaris. over the total of Members of Board of Commissioners; • Pengangkatan Direksi dilakukan atas usul Komite • Appointment of Members of Board of Directors is conducted Remunerasi dan Nominasi sebelum dilakukan persetujuan by GMS based on recommendation of Remuneration and dalam RUPS. Nomination Committee; • Seluruh anggota Direksi telah lulus Fit and Proper test yang • All member of Board of Directors has passed Fit & Proper dilakukan oleh Otoritas Jasa Keuangan. Test of Bank Indonesia.

Tugas dan Tanggung Jawab Duties and Responsibilities Mengacu kepada ketentuan dalam Anggaran Dasar, keputusan Referring to the provisions of Articles of Association, GMS RUPS dan hukum yang berlaku di Indonesia khususnya dalam decisions and prevailing laws in Indonesia, particularly in the bidang perbankan, tugas dan tanggung jawab Direksi secara areas of banking, duties and responsibilities of the Board of umum adalah sebagai berikut: Directors in general are as follows:: • Melaksanakan sebaik-baiknya tugas dan tanggung • Carrying out duties and responsibilities as mandated by the jawab sebagaimana yang diamanatkan dalam peraturan laws and regulations. perundang-undangan. • Melaksanakan kewajiban yang telah diatur dalam Board • Carrying out the obligations as set out in the Board Manual Manual beserta perubahannya dan Surat Keputusan Direksi and its amendments and the Decree of the Board of beserta perubahannya. Directors and its amendments. • Merumuskan, menyusun, mensosialisasikan, dan • Formulating, organizing, disseminating, and evaluating the mengevaluasi visi, misi, etos kerja, dan nilai perusahaan. vision, mission, work ethic, and the value of the company. • Seluruh kebijakan tertulis Perusahaan baik dalam bentuk • The whole written policy of the Company either in the form Surat Keputusan (SK) maupun Surat Edaran (SE) wajib of a decree or Circular shall be approved and signed by disetujui dan ditandatangani oleh anggota Direksi sesuai Board of Directors members in accordance with the internal dengan ketentuan internal Perseroan beserta perubahannya. regulations of the Company and its amendment. • Menerapkan prinsip-prinsip GCG sebagaimana diatur • Implementing GCG principles as set out in BI regulations in dalam Peraturan Bank Indonesia mengenai GCG dalam each banking activity at all levels of the organization setiap kegiatan usaha Bank pada seluruh tingkatan atau jenjang organisasi. • Mengoptimalkan pemanfaatan seluruh sumber daya yang • Mengoptimalkan pemanfaatan seluruh sumber daya yang dimiliki secara efektif dan efisien untuk pengembangan dimiliki secara efektif dan efisien untuk pengembangan Perusahaan. Perusahaan. • Membina dan menjaga hubungan baik dengan seluruh • Building and maintaining good relations with all parties pihak yang terkait dengan Bank. related to the Bank • Memiliki dan mematuhi pedoman tata tertib kerja dan • Having and Complying to the work rules and Key pedoman Key Performance Indicator (KPI) sehingga Performance Indicator (KPI) guidelines so that the pelaksanaan tugasnya dapat terarah dan efektif serta dapat performance of its duties can be targeted, effective and digunakan sebagai salah satu alat penilaian kinerja. used as a performance assessment tool. • Melaksanakan setiap hasil keputusan rapat dengan tetap • Carrying out every meetings’ resolutions with still refer to mengacu pada Anggaran Dasar Perseroan dan Pedoman the Articles of Association of the Company and Board of tata tertib kerja Direksi. Directors’ Code of working rules.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 315 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

• Mengatur dan menetapkan struktur organisasi, • Seting up and establishing the organizational structure, pendelegasian wewenang dan uraian tugas yang jelas delegation of authority and clear job descriptions for each bagi setiap pejabat ataupun pegawai, baik di kantor pusat officer or employee, both at headquarters and branch maupun di kantor-kantor cabang. offices. • Menyusun dan melaksanakan sistem manajemen risiko • Preparing and implementing a risk management system mencakup seluruh aspek kegiatan Perusahaan. covering all aspects of Company’s activities.

Berdasarkan Surat Keputusan No. SK.040/2013/PRESDIR- As regulated in Decree of No. SK.040/2013/PRESDIR- CorSec&CorComm tertanggal 18 September 2013, tugas CorSec&CorComm dated September 18, 2013, duties and dan tanggung jawab masing-masing anggota Direksi adalah responsibilities of each Director are as follows: sebagai berikut:

Nama Freenyan Liwang Name Freenyan Liwang Jabatan Direktur Utama Position President Director

Tugas dan Tanggung Jawab Duties and Responsibilities 1. Koordinator kegiatan Direksi yang secara garis besar 1. Coordinating all of Board of Directors’ activities which are adalah: generally as follows: a. Mengkoordinasikan seluruh kegiatan Anggota a. Coordinating all of the Board of Directors members’ Direksi guna meningkatkan efisiensi kerja dengan activities to improve the working efficiency by taking memperhatikan span of control. into account span of control; b. Mengkoordinasikan perumusan dan penyusunan b. Coordinating the formulation and preparation of both strategi perusahaan baik jangka panjang (Corporate long-term Corporate Plan and medium-term/short- Plan) maupun jangka menengah/pendek (Rencana Bisnis term Business Plan (RBB) and proposing it to obtain the Bank - RBB) serta mengusulkannya guna mendapatkan approval of the Board of Commissioners; persetujuan dari Dewan Komisaris. c. Melaksanakan, mengawasi, dan mengevaluasi jalannya c. Implementing, supervising, and evaluating Corporate Corporate Plan & RBB agar sesuai dengan visi, misi, dan Plan & RBB in accordance with visions, missions, and objektif Perusahaan yang telah ditetapkan. objectives of the Company that have been set; d. Mengkoordinasikan perumusan dan pelaksanaan d. Coordinating the formulation and implementation of strategi program Corporate Social Responsibility yang Corporate Social Responsibility strategies that support menunjang kegiatan bisnis perusahaan. the company’s business activities; e. Memiliki kewenangan untuk menentukan besarnya gaji e. Having the authority to determine the amount of salary atau remunerasi kepada seluruh karyawan dan/atau or remuneration to the employee and/or executive pejabat eksekutif. officers under it.

2. Membawahi langsung unit kerja Audit Intern Work Unit 2. Directly supervising the work units, such as Internal (Satuan Kerja Audit Intern - SKAI), Global Trade Services, Audit Unit, Global Trade Services, Financial Planning & Financial Planning & Controlling, Strategic & Performance Controlling, Strategic & Performance Management, as well Management, serta Regional Manager & Branch Manager as the Regional Manager and Branch Manager Thamrin Thamrin yang secara garis besar adalah: which are generally as follows: a. Melaksanakan fungsi pengendalian internal melalui a. Carrying out internal control functions through the SKAI; Internal Audit Unit; b. Menetapkan, mengawasi dan mengevaluasi realisasi b. Establishing, monitoring and evaluating the realization rencana audit internal. of the internal audit plan;

316 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

c. Melakukan pengembangan terhadap Global Trade c. Conducting the development of Global Trade Services; Services. d. Melakukan pengawasan strategi terhadap kinerja d. Conducting Strategic monitoring of the performance of Regional Manager & Main Branch Thamrin. Regional Manager & Main Branch Thamrin. 3. Melakukan pengawasan dan evaluasi terhadap kinerja unit 3. Supervising and Evaluating the performance of work units kerja dibawahnya. under it.

Nama Heru Agus Wuryanto Name Heru Agus Wuryanto Jabatan Direktur Syariah Position Sharia Director

Tugas dan Tanggung Jawab Duties and Responsibilities 1. Ruang lingkup tugas dan tanggung jawabnya meliputi: 1. The scope of its duties and responsibilities includes: a. Bersama-sama Anggota Direksi lainnya meningkatkan a. Along with other Board of Directors members improving efisiensi kerja dengan memperhatikan span of control. work efficiency by taking into account span of control; b. Bersama-sama Anggota Direksi lainnya dan penyusunan b. Along with other Board of Directors members preparing strategi perusahaan baik jangka panjang (Corporate the long-term strategy of both companies (Corporate Plan) maupun jangka menengah/pendek (Rencana Bisnis Plan) as well as medium-term/short-term Business Plan Bank - RBB) serta mengusulkannya guna mendapatkan (RBB) and proposing it to obtain the approval of the persetujuan dari Dewan Komisaris. Board of Commissioners; c. Melaksanakan, mengawasi, dan mengevaluasi jalannya c. Implementing, monitoring, and evaluating Corporate Corporate Plan & RBB agar sesuai dengan visi, misi, dan Plan & RBB in accordance with visions, missions, and objektif Perusahaan yang telah ditetapkan. objectives of the Company that have been set; d. Bersama-sama Anggota Direksi lainnya merumuskan d. Along with other Board of Directors members dan melaksanakan strategi program Corporate formulating and implementing the Corporate Social Social Responsibility yang menunjang kegiatan bisnis Responsibility strategies that support the company’s perusahaan. business activities; e. Memiliki kewenangan untuk menentukan besarnya gaji e. Having the authority to determine the amount of salary atau remunerasi kepada karyawan dan/atau pejabat or remuneration to the employee and/or executive eksekutif unit kerja dibawahnya. officers under it.

2. Membawahi langsung unit kerja Syariah yang secara garis 2. Directly supervising Sharia work units which are generally as besar adalah: follows: a. Mengatur dan mengawasi seluruh kegiatan Kantor a. Coordinating and Monitoring all activities of sharia Cabang (KC) Syariah. branch offices; b. Mengawasi dan memastikan pelaksanaan fungsi b. Supervising and ensuring the implementation of Treasury dalam rangka pengeloalaan dan penempatan Treasury function in the management and disposition dana yang bersumber dari KC Syariah. of the funds derived from Sharia branch offices; c. Mengawasi dan memastikan penyusunan Laporan c. Supervising and ensuring the preparation of the Keuangan Konsolidasi dari KC Syariah. Consolidated Financial Statements of Sharia branch offices; d. Menetapkan, mengawasi, dan mengevaluasi secara d. Establishing, supervising, and evaluating periodically the berkala terhadap mekanisme penghimpunan dan mechanism of collection and distribution of funds and penyaluran dana serta pelayanan jasa Bank sesuai bank services in accordance with Sharia principles; dengan Prinsip Syariah. e. Bertanggung jawab terhadap pemenuhan Prinsip e. Responsible for compliance with Sharia principles in Syariah dalam hal operasional dan produk yang operations and products issued; dikeluarkan;

Annual Report 2014 | PT. BANK SINARMAS Tbk. 317 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

f. Mengawasi penerbitan Surat Edaran nisbah bagi hasil f. Supervising the issuance of Circular of revenue sharing setiap bulannya. every month; g. Mengikuti rapat koordinasi dengan Asset & Liabilities g. Attending a coordination meeting with the Assets & Committee (ALCO) Syariah setiap bulan. Liabilities Committee (ALCO) Sharia every month; h. Melakukan pengawasan dan evaluasi terhadap kinerja h. Monitoring and evaluating the performance of work unit kerja di bawahnya. units under it.

Nama Salis Teguh Hartono Name Salis Teguh Hartono Jabatan Direktur Compliance Position Compliance Director

Tugas dan Tanggung Jawab Duties and Responsibilities 1. Ruang lingkup tugas dan tanggung jawabnya meliputi: 1. The scope of its duties and responsibilities includes: a. Bersama-sama Anggota Direksi lainnya meningkatkan a Along with other Board of Directors members improving efisiensi kerja dengan memperhatikan span of control. work efficiency by taking into account span of control; b. Bersama-sama Anggota Direksi lainnya dan penyusunan b. Along with other Board of Directors members preparing strategi perusahaan baik jangka panjang (Corporate the long-term strategy of both companies (Corporate Plan) maupun jangka menengah/pendek (Rencana Bisnis Plan) as well as medium-term/short-term Business Plan Bank - RBB) serta mengusulkannya guna mendapatkan (RBB) and proposing it to obtain the approval of the persetujuan dari Dewan Komisaris. Board of Commissioners; c. Melaksanakan, mengawasi, dan mengevaluasi jalannya c. Implementing, monitoring, and evaluating Corporate Corporate Plan & RBB agar sesuai dengan visi, misi, dan Plan & RBB in accordance with visions, missions, and objektif Perusahaan yang telah ditetapkan. objectives of the Company that have been set; d. Bersama-sama Anggota Direksi lainnya merumuskan d. Along with other Board of Directors members dan melaksanakan strategi program Corporate formulating and implementing the Corporate Social Social Responsibility yang menunjang kegiatan bisnis Responsibility strategies that support the company’s perusahaan; business activities; e. Memiliki kewenangan untuk menentukan besarnya gaji e. Having the authority to determine the amount of salary atau remunerasi kepada karyawan dan/atau pejabat or remuneration to the employee and/or executive eksekutif unit kerja dibawahnya. officers under it.

2. Membawahi langsung unit kerja Compliance & Legal, serta 2. Directly supervising work units such as Compliance & Legal, Corporate Secretary & Communication Department yang Corporate Secretary & Communication Department which secara garis besar adalah : are generally as follows: a. Mewujudkan terlaksananya budaya kepatuhan pada a. Implementing a culture of compliance at all levels of the seluruh tingkatan organisasi dan kegiatan usaha Bank. organization and activities of the Bank’s business; b. Mengawasi hasil penerapan kebijakan-kebijakan dan b. Supervising the results of the policies and regulations peraturan perusahaan dibidang operasional yang in the field of operations that have been approved by telah disetujui pihak Manajemen, untuk memastikan Management, to ensure the implementation of policies penerapan kebijakan-kebijakan dan peraturan and regulations of the company has been carried out perusahaan tersebut telah berjalan sesuai dengan according to plan; rencana. c. Mengkaji dan mengevaluasi (memastikan) secara c. Reviewing and evaluating (ensuring) periodically berkala semua kebijakan dan peraturan internal all the Bank’s internal policies and regulations, and Bank, selanjutnya memberikan usulan dalam rangka then proposing the improvement, adjustments, and perbaikan, penyesuaian dan penyempurnaannya. enhancement;

318 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

d. Mengikuti dan memastikan seluruh ketentuan/ d. Following and ensuring that all prevailing laws and peraturan perundang-undangan yang berlaku, regulations, regulations issued by Bank Indonesia peraturan yang dikeluarkan oleh Bank Indonesia serta and agreements ever made has been complied and perjanjian-perjanjian yang pernah dibuat telah dipatuhi implemented properly; dan dijalankan dengan baik dan benar. e. Melaporkan pelaksanaan tugas dan tanggung jawabnya e. Reporting the performance of his/her duties and kepada Direktur Utama dengan tembusan kepada responsibilities to the Managing Director with a copy to Dewan Komisaris. Board of Commissioners; f. Melakukan pengawasan atas dokumen-dokumen f. Monitoring over the loan application documents with permohonan kredit dengan nilai fasilitas di atas facility value above Rp50.000.000.000 (fifty billion Rp50.000.000.000 (lima puluh milyar rupiah) agar rupiahs) to comply with prevailing internal and external sesuai dengan ketentuan internal dan eksternal banking conditions and regulations/positive laws in perbankan yang berlaku serta peraturan perundang- Indonesia; undangan/hukum positif yang berlaku di Indonesia. g. Melakukan pengawasan atas pendapat hukum yang g. Supervising the legal opinion issued and existing dikeluarkan dan permasalahan hukum perusahaan corporate law issues in the implementation of banking yang ada di dalam pelaksanaan kegiatan perbankan activities as well as representatives of the company serta sebagai wakil perusahaan dalam menyelesaikan in resolving legal issues with external parties such as masalah hukum dengan pihak eksternal seperti written documents or Bank’s agreements; dokumen-dokumen tertulis atau perjanjian Bank. h. Merencanakan, mengarahkan, mengkoordinasikan dan h. Planning, directing, coordinating and managing the mengelola kegiatan yang berkaitan dengan bidang activities related to the secretarial field; kesekretariatan. i. Melakukan pengawasan dan evaluasi terhadap kinerja i. Supervising and evaluating the performance of the unit kerja dibawahnya. work unit under it.

Nama Loa Johnny Mailoa Name Loa Johnny Mailoa Jabatan Direktur Enterprise Banking Position Enterprise Banking Director

Tugas dan Tanggung Jawab Duties and Responsibilities 1. Ruang lingkup tugas dan tanggung jawabnya meliputi: 1. The scope of its duties and responsibilities includes: a. Bersama-sama Anggota Direksi lainnya meningkatkan a. Along with other Board of Directors members improving efisiensi kerja dengan memperhatikan span of control. work efficiency by taking into account span of control; b. Bersama-sama Anggota Direksi lainnya dan penyusunan b. Along with other Board of Directors members preparing strategi perusahaan baik jangka panjang (Corporate the long-term strategy of both companies (Corporate Plan) maupun jangka menengah/pendek (Rencana Bisnis Plan) as well as medium-term/short-term Business Plan Bank - RBB) serta mengusulkannya guna mendapatkan (RBB) and proposing it to obtain the approval of the persetujuan dari Dewan Komisaris. Board of Commissioners; c. Melaksanakan, mengawasi, dan mengevaluasi jalannya c. Implementing, monitoring, and evaluating Corporate Corporate Plan & RBB agar sesuai dengan visi, misi, dan Plan & RBB in accordance with visions, missions, and objektif Perusahaan yang telah ditetapkan; objectives of the Company that have been set; d. Bersama-sama Anggota Direksi lainnya perumusan d. Along with other Board of Directors members dan pelaksanaan strategi program Corporate Social formulating and implementing the Corporate Social Responsibility yang menunjang kegiatan bisnis Responsibility strategies that support the company’s perusahaan; business activities;

Annual Report 2014 | PT. BANK SINARMAS Tbk. 319 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

e. Memiliki kewenangan untuk menentukan besarnya gaji e. Having the authority to determine the amount of salary atau remunerasi kepada karyawan dan/atau pejabat or remuneration to the employee and/or executive eksekutif unit kerja dibawahnya. officers under it.

2. Membawahi langsung unit kerja Treasury, Credit Analyst, 2. Directly supervising work units such as Treasury, Credit dan Asset Acquisition yang secara garis besar adalah: Analyst, and Asset Acquisition which are generally as follows: a. Bertanggung jawab atas budget dan target profit a. Responsible for budget and profit targets of Treasury; Treasury; b. Mengawasi Fixed Income Trading Desk (Bond Trading); b. Supervising Fixed Income Trading Desk (Bond Trading); c. Mengawasi Derivative dan Struktur Product Desk c. Supervising Derivatives and Product Desk Structure (Investment Portfolio); (Investment Portfolio); d. Bertanggung jawab atas pengawasan pelaksanaan d. Responsible for supervising the implementation of settlement di Treasury dan laporan-laporannya; settlement in the Treasury and its reports; e. Menetapkan, mengawasi, dan mengevaluasi strategi e. Establishing, supervising, and evaluating the strategy peningkatan volume transaksi jual beli valuta asing; of increasing the volume of buying and selling foreign currencies; f. Bertanggung jawab terhadap pengelolaan perkreditan f. Responsible for the overall management of the Bank’s Bank secara keseluruhan yang meliputi penetapan credit that includes the establishment of policies, kebijakan, strategi dan pengelolaan administrasi dan strategies and administrative management and credit pengawasan kredit; control; g. Menyetujui penyediaan fasilitas kredit dan fasilitas non g. Approving the provision of credit facilities and non- kredit sebagaimana diatur dalam Surat Keputusan credit facilities as stipulated in the Decree of the Board Direksi tentang Batas dan Wewenang Memutus Kredit; of Directors on Authority Breaking Credit and Limits; h. Merencanakan, mengembangkan, mengendalikan h. Planning, developing, controlling and conducting dan melakukan langkah-langkah perbaikan atas corrective measures on the weaknesses and irregularities berbagai kelemahan maupun penyimpangan kegiatan of lending activities; perkreditan; i. Menetapkan strategi, mengawasi, dan mengevaluasi i. Establishing strategies, superviseing, and evaluating pengendalian Non Performing Loan (NPL); control of non-performing loan (NPL); j. Melakukan pengawasan dan evaluasi terhadap kinerja j. Supervising and evaluating the performance of the unit kerja dibawahnya. work unit under it.

Nama Halim Name Halim Jabatan Direktur Liabilities & Business Distribution Position Direktur Liabilities & Business Distribution

Tugas dan Tanggung Jawab Duties and Responsibilities 1. Ruang lingkup tugas dan tanggung jawabnya meliputi: 1. The scope of its duties and responsibilities includes: a. Bersama-sama Anggota Direksi lainnya meningkatkan a. Along with other Board of Directors members improving efisiensi kerja dengan memperhatikan span of control; work efficiency by taking into account span of control; b. Bersama-sama Anggota Direksi lainnya dan penyusunan b. Along with other Board of Directors members preparing strategi perusahaan baik jangka panjang (Corporate the long-term strategy of both companies (Corporate Plan) maupun jangka menengah/pendek (Rencana Bisnis Plan) as well as medium-term/short-term Business Plan Bank - RBB) serta mengusulkannya guna mendapatkan (RBB) and proposing it to obtain the approval of the persetujuan dari Dewan Komisaris; Board of Commissioners;

320 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

c. Melaksanakan, mengawasi, dan mengevaluasi jalannya c. Implementing, monitoring, and evaluating Corporate Corporate Plan & RBB agar sesuai dengan visi, misi, dan Plan & RBB in accordance with visions, missions, and objektif Perusahaan yang telah ditetapkan; objectives of the Company that have been set; d. Bersama-sama Anggota Direksi lainnya merumuskan d. Along with other Board of Directors members dan melaksanakan strategi program Corporate formulating and implementing the Corporate Social Social Responsibility yang menunjang kegiatan bisnis Responsibility strategies that support the company’s perusahaan; business activities; e. Memiliki kewenangan untuk menentukan besarnya gaji e. Having the authority to determine the amount of salary atau remunerasi kepada karyawan dan/atau pejabat or remuneration to the employee and/or executive eksekutif unit kerja di bawahnya. officers under it.

2. Membawahi langsung unit kerja Liabilities Product 2. Directly supervising work units such as Product Development, Information Technology, Transaction Service Development, Information Technology, Transaction Service Management, Accounting, Credit Administration & Control, Management, Accounting, Credit Administration & Control, Electronic Channel Operations, Optimizing & Productivity Electronic Channel Operations, Optimizing & Productivity Enhancement, dan Business Continuity Plan yang secara Enhancement, and Business Continuity Plan which are garis besar adalah : generally as follows: a. Melakukan pengawasan atau memastikan bahwa a. Supervising or ensuring that the coordination between koordinasi antara pihak internal maupun eksternal internal and external parties related to product terkait pengembangan produk awas dan mengarahkan development and directing the operations of the credit kegiatan operasional kartu kredit; card; b. Menetapkan, mengawasi dan mengevaluasi realisasi b. Establishing, supervising and evaluating the realization rencana pengembangan jaringan teknologi informasi; of information technology network development plan; c. Menetapkan kebijakan dan prosedur terkait c. Establishing policies and procedures related to penyelenggaraan teknologi informasi yang memadai the implementation of adequate technology and dan mensosialisasikannya secara efektif, baik pada disseminating information effectively, both at the satuan kerja penyelenggara maupun pengguna working unit of information technology providers and teknologi informasi yang bersangkutan; users concerned; d. Mengawasi dan mengarahkan akuisisi kartu kredit d. Supervising and directing acquisition of credit card melalui marketing channel; through marketing channels; e. Menetapkan dan mengawasi strategi pendeteksian dini e. Establishing and supervising early detection strategies to untuk meminimalisir penipuan kartu kredit; minimize credit card fraud; f. Melakukan perekrutan, pembinaan, dan pengadaan f. Conducting Recruitment, training, and provision of Credit Card & Merchant Business; Credit Card & Merchant Business; g. Bertanggung jawab atas pendapatan Fee Based Income; g. Responsible for the fee-based income; h. Menetapkan dan mengawasi penerapan kebijakan yang h. Establishing and supervising the implementation of terkait dengan efisiensi; policies related to efficiency; i. Memberikan tanggapan dan tindak lanjut hasil i. Providing feedback and follow-up results of Internal pemeriksaan intern (SKAI) dan ekstern (OJK dan Audit Unit and external(BI and Public Accountant) of the Akuntan Publik) terhadap sistem informasi keuangan; financial information system; j. Melakukan koordinasi untuk memastikan bahwa j. Coordinating to ensure that all reporting obligations seluruh kewajiban pelaporan perusahaan telah of the company has been submitted to the authorities disampaikan kepada otoritas dan/atau pihak-pihak yang and/or interested parties such as Bank Indonesia, UP3, berkepentingan seperti Bank Indonesia, UP3, Dirjen Director General of Taxation, Board of Commissioners, Pajak, Dewan Komisaris, Pemegang Saham, dll; the Shareholders, etc;

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

k. Bertanggung jawab terhadap kegiatan operasional k. Responsible for the operations of the Bank, both at Bank, baik di Kantor Pusat maupun di KC yang telah head office and branch offices that has been run berjalan dengan baik dan lancar, taat asas, akurat, well and smoothly, obey the principle, accurate, in sesuai kebijakan dan ketentuan yang telah ditetapkan accordance policies and prevailing laws and regulations serta peraturan perundang-undangan yang berlaku di in Indonesia; Indonesia; l. Melaksanakan pembukaan KCP/Kantor Cabang l. Implementing the Branch Offices/Cash Offices opening Pembantu/Kantor Kas sesuai dengan rencana kerja in accordance with the management work plan in manajemen dan sesuai dengan Peraturan Bank accordance with Bank Indonesia Regulation; Indonesia; m. Bertanggung jawab terhadap setiap proses pengajuan m. Responsible for any filing process to Bank Indonesia to ke Bank Indonesia agar sesuai dengan ketentuan yang comply with prevailing regulations so that there are no berlaku sehingga tidak terdapat kesalahan di dalam errors in the application for permission that will have pengajuan ijin yang akan berdampak pada mundurnya an impact on the decline of the opening time and waktu pembukaan dan tentunya reputasi perusahaan di company’s reputation in the front of Bank Indonesia; mata Bank Indonesia; n. Bertanggung jawab terhadap semua rencana n. Responsible for all offices opening plans that have been pembukaan kantor yang telah masuk ke dalam RBB entered into the RBB to be implemented on schedule; agar dapat terlaksana sesuai jadwal; o. Mempresentasikan rencana pembukaan kantor kepada o. Presenting the office opening plan to Bank Indonesia; Bank Indonesia; p. Bertanggung jawab terhadap pelaksanaan pembayaran p. Responsible for the implementation of vehicle, pajak kendaraan bermotor, reklame, tanah dan billboards, lands and buildings tax payments on time; bangunan secara tepat waktu; q. Melakukan pembinaan dan mengawasi seluruh q. Conducting training and supervising all activities of kegiatan Loan Administration di KC, guna memastikan Loan Administration in branch offices, to ensure credit telah dikelolanya administrasi kredit cabang sesuai administration branch has been managed in accordance dengan prosedur/ketentuan Bank; with the procedures / regulations of the Bank; r. Melakukan pembinaan terhadap Loan Administration r. Providing guidance to the Loan Administration in branch KC dalam melakukan pengawasan dokumen offices in monitoring credit extension documents, perpanjangan kredit, jaminan dan asuransi yang akan guarantees and insurances that will be expired; jatuh tempo; s. Mengawasi persiapan gedung/ruangan dan s. Supervising the preparation of buildings/rooms and perlengkapan lainnya bagi cabang/unit kerja KPNO other supplies for the branch offices/Non-operational termasuk pemeliharaan dan perbaikan gedung; Headquaters including maintenances and repairs; t. Mengawasi kegiatan koordinasi dalam pengurusan t. Supervising the coordination activities of Licensing perijinan pada kantor pemerintah daerah, kecamatan, applications in local government/agency offices and kelurahan, kabupaten dan/atau instansi atau pihak other third parties; ketiga lainnya; u. Merencanakan, mengarahkan dan mengkoordinasikan u. Planning, directing and coordinating the Service Quality kegiatan Service Quality serta mendukung terciptanya activities and supporting the realization of efficiency efisiensi dan efektivitas Service Quality; and effectiveness in the Service Quality; v. Memastikan pelayanan nasabah berjalan sesuai v. Ensuring customer services run in accordance with the ketentuan dan prosedur yang berlaku. prevailing regulations and procedures; w. Melakukan pengawasan dan evaluasi terhadap kinerja w. Supervising and evaluating the performance of work unit kerja di bawahnya. units under it.

322 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Nama Hanafi Himawan Nama Hanafi Himawan Jabatan Direktur Risk Management & Human Capital Position Risk Management & Human Capital Director

Tugas dan Tanggung Jawab Duties and Responsibilities 1. Ruang lingkup tugas dan tanggung jawabnya meliputi: 1. The scope of its duties and responsibilities includes: a. Bersama-sama Anggota Direksi lainnya meningkatkan a. Along with other Board of Directors members improving efisiensi kerja dengan memperhatikan span of control. work efficiency by taking into account span of control; b. Bersama-sama Anggota Direksi lainnya dan penyusunan b. Along with other Board of Directors members preparing strategi perusahaan baik jangka panjang (Corporate the long-term strategy of both companies (Corporate Plan) maupun jangka menengah/pendek (Rencana Bisnis Plan) as well as medium-term/short-term Business Plan Bank - RBB) serta mengusulkannya guna mendapatkan (RBB) and proposing it to obtain the approval of the persetujuan dari Dewan Komisaris. Board of Commissioners; c. Melaksanakan, mengawasi, dan mengevaluasi jalannya c. Implementing, monitoring, and evaluating Corporate Corporate Plan & RBB agar sesuai dengan visi, misi, dan Plan & RBB in accordance with visions, missions, and objektif Perusahaan yang telah ditetapkan. objectives of the Company that have been set; d. Bersama-sama Anggota Direksi lainnya merumuskan d. Along with other Board of Directors members dan melaksanakan strategi program Corporate formulating and implementing the Corporate Social Social Responsibility yang menunjang kegiatan bisnis Responsibility strategies that support the company’s perusahaan. business activities; e. Memiliki kewenangan untuk menentukan besarnya gaji e. Having the authority to determine the amount of salary atau remunerasi kepada karyawan dan/atau pejabat or remuneration to the employee and/or executive eksekutif unit kerja di bawahnya. officers under it.

2. Membawahi langsung unit kerja Credit, Operational & 2. Directly supervising work units such as Credit, Operational & Enterprise Risk Management, Market, Liquidity & Anti Fraud Enterprise Risk Management, Market, Liquidity & Anti Fraud Monitoring, Human Capital Recruitment & Administration Monitoring, Human Capital Recruitment & Administration Support, Human Capital System & Strategic dan General Support, Human Capital System & Strategic and General Affairs yang secara garis besar adalah : Affairs which are generally as follows: a. Menetapkan, mengawasi, dan mengevaluasi kebijakan a. Establishing, supervising, and evaluating the risk manajemen risiko dan implikasinya bagi Perseroan; management policy and its implications for the company; b. Menerapkan manajemen risiko dengan baik melalui b. Implementing risk management through the Risk Komite Manajemen Risiko dan Satuan Kerja Manajemen Management Committee and Risk Management Unit; Risiko (SKMR); c. Menetapkan dan mengawasi penerapan kebijakan anti c. Establish and oversee the implementation of anti-fraud fraud (LED, FDS, dan Mantis Complaint Handling) dalam policy (LED, FDS, and Mantis Complaint Handling) in memitigasi risiko melalui whistleblower; mitigating risk through the whistleblower system; d. Memastikan bahwa fungsi Manajemen Risiko telah d. Ensuring that the risk management function has been diterapkan secara independen; implemented independently; e. Menetapkan, mengawasi, dan memastikan e Establishing, Supervising and ensuring the terlaksananya hubungan industrial secara tepat, implementation industrial relations appropriately, benar dan akurat sesuai ketentuan ketenagakerjaan, properly and accurately in accordance the prevailing peraturan & kebijakan perusahaan, serta best practice conditions of employment, regulations, policies of the yang berlaku; company, and best practice; f. Mengarahkan, menetapkan, dan mengawasi kegiatan f. Directing, establishing, and supervising the activities of pengembangan sumber daya manusia (Human Capital); Human Capital development;

Annual Report 2014 | PT. BANK SINARMAS Tbk. 323 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

g. Mengawasi dan memastikan seluruh aset tetap dan g. Supervising and ensuring that all fixed and mobile assets bergerak sebagaimana telah diadministrasikan oleh unit as have been administered by the related work units; kerja terkait; h. Mengawasi dan memastikan persiapan gedung/ruangan h. Supervising and ensuring the preparation of buildings/ dan perlengkapan lainnya bagi cabang/ unit kerja KPNO rooms and other supplies for the branch offices/Non- termasuk pemeliharaan dan perbaikan gedung; operational Headquaters including maintenances and repairs; i. Mengawasi kegiatan koordinasi dalam pengurusan i. Supervising the coordination activities of Licensing perijinan pada kantor pemerintah daerah, kecamatan, applications in local government/agency offices and kelurahan, kabupaten dan/atau instansi atau pihak other third parties; ketiga lainnya. j. Melakukan pengawasan dan evaluasi terhadap kinerja j. Supervising and evaluating the performance of work unit kerja dibawahnya. units under it.

Independensi dan Transparansi Direksi Independency and Transparency of Board of Directors Independensi dan transparansi Direksi merupakan salah satu Independency and transparency of Board of Directors is one faktor yang harus terus dijaga untuk kepentingan Perseroan of the factors that must be maintained for the benefit of the agar terhindar dari konflik kepentingan. Untuk menjaga Company in order to prevent conflicts of interest. To maintain independensi tersebut, seluruh anggota Direksi yang menjabat the independency, all Board of Directors members of Bank di Bank Sinarmas diharuskan untuk tidak memiliki hubungan Sinarmas are required to not have a financial, family (to second keuangan, keluarga (sampai derajat ke dua vertikal maupun degree, both vertically and horizontally) relationship with Board horizontal) dengan anggota Dewan Komisaris, anggota Direksi of Commissioners members, Board of Directors members, and/ lainnya, dan/atau pemegang saham pengendali. or controlling shareholders.

Hubungan keuangan dengan / Hubungan keluarga dengan / Financial Relationship with Family Relationship with Pemegang Pemegang Komisaris Saham Komisaris Direksi / Saham Direksi / Board Nama / Name / Board of Pengendali / / Board of Board of Pengendali / of Directors Commissioners Controlling Commissioners Directors Controlling Shareholders Shareholders Ya / Tidak / Ya / Tidak Ya / Tidak / Ya / Tidak / Ya / Tidak Ya / Tidak / Yes no Yes / no Yes no Yes no Yes / no Yes no

Freenyan Liwang x x x x x x

Heru Agus Wuryanto x x x x x x

Loa Johnny Mailoa x x x x x x

Halim x x x x x x

Salis Teguh Hartono x x x x x x

Hanafi Himawan x x x x x x

Soejanto Soetjijo x x x x x x

Frenky Tirtowijoyo Susilo x x x x x x

Per tanggal 31 Desember 2014, jumlah total kepemilikan As of December 31, 2013, the total amount of Shareholding saham oleh anggota Direksi berjumlah 4.154.375 atau 0,03% by members of the Board of Directors amounted to 4.154.375 dari seluruh jumlah saham di Bank Sinarmas. atau 0,03% of the total number of shares of Bank Sinarmas

324 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Kepemilikan Saham / Shares Ownerships

Nama / Name Jabatan / Position Presentase Kepemilikan / Jumlah Saham / Total Shares Percentage of Ownership

Freenyan Liwang Direktur utama / President Director 3.714.375 0,03% Halim Direktur / Director 440.000 0,00%

Pedoman dan Tata Tertib Kerja Direksi Guidelines and Work Procedures of Board of Directors Pedoman dan tata tertib kerja Direksi ditetapkan melalui Guidelines and work procedures of Board of Directors are set Surat Keputusan No. 005/2013/DIR1-CorpSec&CorpComm forth in the decree number 005/2013/ DIR1CorSec&CorComm tertanggal 9 September 2013 yang secara garis besar mengatur dated September 9, 2013 that regulate about day, working tentang hari, jam kerja, cuti, dan izin Direksi serta ketentuan hours, leave and permission of Board of Directors and regulation penyelenggaraan dan pengambilan keputusan rapat, kode etik, of implementation and decision of meeting, code of Conducts, dan peningkatan kompetensi Direksi. and the improvement of Board of Directors competence.

Pada April 2015, Bank telah melakukan penyesuaian pedoman In April 2005, the Bank has adjusted the guideliens and dan tata tertib kerja Direksi sesuai dengan Peraturan Otoritas work regulations of the Board of Directors according to the Jasa Keuangan (POJK) yang ditetapkan melalui Surat Keputusan Regulation of the Financial Services Authority (POJK) stipulated No. 005/2015/PRESDIR-CorSec tertanggal 1 April 2015. by virtue of Decree No. 005/2015/PRESDIR-CorSec dated April 1, 2015.

Frekuensi, Tingkat Kehadiran, dan Rekap Absensi Rapat Frequency, Attendance list and Absence of Meeting of Direksi Board of Directors Selama 2014, Direksi telah menyelenggarakan rapat sebanyak In 2014, Board of Directors has conducted 36 (thirty six) 36 kali yang dipimpin oleh Direktur Utama atau anggota times meeting, led by the President Director or other Board of Direksi lainnya dalam hal Direktur Utama berhalangan hadir. Directors’ members in case that the President Director is unable Hasil rapat diputuskan dengan mengedepankan musyawarah to attend. The entire results of the meeting was decided by mufakat dan dituangkan secara tertulis ke dalam risalah rapat consensus agreement and set forth in writing in the minutes of serta didokumentasikan dengan baik. meetings and well documented.

Dengan demikian, Bank Sinarmas telah memenuhi ketentuan Therefore, Bank Sinarmas has complied with the regulations of Bank Indonesia tentang pelaksanaan GCG dan ketentuan Bank Indonesia on the GCG implementation and the Company’s internal Perseroan yaitu Board Manual serta Pedoman Tata internal regulation namely Board Manual and the Guidelines of Tertib Kerja Direksi. Work Procedure of Board of Directors. Frekuensi Kehadiran / Persentase / No. Nama / Name Jabatan / Position Attendance Frequency Percentage

1 Freenyan Liwang Direktur Utama / President Director 33/36 91,6% 2 Heru Agus Wuryanto Direktur / Director 30/36 83,3% 3 Salis Teguh Hartono Direktur Independen / Independent Director 29/36 80,5% 4 Loa Johnny Mailoa Direktur / Director 29/36 80,5% 5 Halim Direktur / Director 27/36 75% 6` Hanafi Himawan Direktur Independen / Independent Director 32/36 88,8% 7 Soejanto Soetjijo* Direktur / Director 0/36 - 8 Frenky Tirtowijoyo Susilo* Direktur / Director 0/36 -

*) Soejanto Soetjijo dan Frenky Tirtowijoyo Susilobaru menjabat sebagai Direktur *) Soejanto Soetjijo and Frenky Tirtowijoyo Susilo recently served as director sejak RUPSLB 24 Maret 2015 since EGM on March 24, 2015

Annual Report 2014 | PT. BANK SINARMAS Tbk. 325 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Rekap Absensi Rapat Recap of Meeting Attendance Salis Loa Frenky Freenyan Heru Agus Hanafi Soejanto Inisial Tanggal / Initial Date Teguh Johnny Halim Tirtowijoyo Liwang Wuryanto Himawan Soetjijo* Hartono Mailoa Susilo*

21 Januari / January 21 √ √ √ √ √ √ 28 Januari / January 28 √ √ x √ x √ 18 Februari / February 18 √ √ √ √ x √ 25 Februari / February 25 √ √ √ √ √ √ 11 Maret / March 11 x √ √ √ √ √ 18 Maret / March18 √ √ √ √ √ √ 25 Maret / March 25 √ √ √ x √ √ 8 April / April 8 √ √ √ √ √ √ 15 April / April 15 √ x √ √ √ x 22 April / April 22 √ √ √ x √ √ 29 April / April 29 √ √ √ √ √ √ 13 Mei / May 13 √ x √ √ x √ 23 Mei / May 23 √ √ x x x √ 10 Juni / June 10 √ √ √ √ √ √ 24 Juni / June 24 X √ √ √ √ √ 1 Juli / July 1 X √ √ √ x x 15 Juli / July 15 √ √ √ √ √ √ 17 Juni / July 17 √ x √ x √ √ 22 Juli / July 22 √ √ √ √ √ √ 12 Agustus / August 12 √ √ √ √ x √ 19 Agustus / August 19 √ √ √ x √ x 26 Agustus / August 26 √ √ √ x √ x 9 September / September 9 √ √ √ √ √ √ 16 September / September 16 √ √ √ √ √ √ 23 September / September 23 √ √ x √ x √ 30 September / September 30 √ √ √ √ √ √ 14 Oktober / October 14 √ √ x √ √ √ 21 Oktober / October 21 √ x √ √ √ √ 28 Oktober / October 28 √ √ √ √ x √ 11 November / November 11 √ √ x √ √ √ 18 November / November 18 √ x √ √ √ √ 25 November / November 25 √ √ √ √ √ √ 9 Desember / December 9 √ √ x √ √ √ 16 Desember / December 16 √ x √ √ √ √ 23 Desember / December 23 √ √ √ √ x √ 30 Desember / December 30 √ √ x x √ √

*) Soejanto Soetjijodan Frenky Tirtowijoyo Susilobaru menjabat sebagai Direktur *) Soejanto Soetjijodan Frenky Tirtowijoyo Susilabaru served as Director since sejak RUPSLB 24 Maret 2015 EGMS March 24, 2015

326 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Agenda Rapat Direksi Board of Directors Meeting Agenda Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

21 Januari RR No.002/2014/DIR • Kredit • Credit January 21 • Fee Based Income • Fee Based Income • Produk • Product • Kartu Kredit • Credit Card • Virtual Branch • Virtual Branch • Program Simas Holiday Service (SHS) • Simash Holiday Service (SHS) • Pembukaan Kantor Cabang Syariah Program • Penyaluran Kredit Mikro • Opening of Sharia Branch Office • Struktur Organisasi Cabang • Micro Credit Distribution • Branch’s Organization Structure 28 Januari RR No.003/2014/DIR • Penyelenggaraan Training • Training January 28 • Pengembangan Program Mckinsey • Mckinsey Program development • Produk • Product • Business Partner • Business Partner • Kartu Kredit • Credit Card 18 Februari RR No.006/2014/DIR • Business Partner • Business Partner February 18 • Wali Amanat & Kustodian • Trustee & Custodian • E-Form • E-Form • Fee Based Income • Fee Based Income • Produk • Product • Training • Training • Fraud Monitoring • Fraud Monitoring 25 Februari RR No.007/2014/DIR • Maintenance Fee • Maintenance Fee February 28 • Simobi dan I-Banking • Simobi and I-Banking • Launching E-Form • E-Form Launching • Kartu Kredit • Credit Card • Business Partner • Business Partner • Kredit Retail • Retail Credit • Lending & Funding • Lending & Funding • Kerja sama Pihak Ketiga • Third Party Cooperation • BPJS • BPJS • Kartu ATM • ATM 11 Maret RR No.009/2014/DIR • Retail Banking • Retail Banking March 11 • Channeling • Channeling • Kinerja Keuangan • Financial Performance • Struktur Organisasi • Organization Structure 18 Maret RR No.010/2014/DIR • Tingkat Kesehatan Bank • Bank’s Health Level March 18 • Struktur Organisasi • Organization Structure • Produk • Product • Kartu Kredit • Credit Card 25 Maret RR No.011/2014/DIR • Kredit • Credit March 24 • Project Mckinsey • Mckinsey Project • Kartu Kredit • Credit Card • Struktur Organisasi • Organization Structure • Tingkat Kesehatan Bank • Bank Health Level • Channeling • Channeling • ATM • ATM 8 April RR No.013/2014/DIR • Struktur Organisasi • Organization Structure April 8 • Acquiring • Acquiring • Produk • Product • ATM • ATM • Kredit Mikro dan Retail • Micro & Retail Credit • Sekolah Binaan • Development School • Mentoring Direktur • Director Mentoring

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

15 April RR No.014/2014/DIR • Kartu Kredit • Credit Card April 15 • Sumber Daya Manusia • Human Resource • Acquiring • Acquiring • Produk • Product • Sekolah Binaan • Development School • Wali Amanat • Trustee • Rotasi dan Mutasi Jabatan • Position Rotation and Mutation 22 April RR No.015/2014/DIR • Kartu Kredit • Credit Card April 22 • Kerjasama Dengan Universitas • Cooperation with Universities • Kerjasama Dengan Pihak Ketiga • Cooperation with Third Parties • Retail Banking • Retail Banking • Mutasi Jabatan • Position Mutation • Bank Officer Program • Bank Office Program 29 April RR No.016/2014/DIR • Produk • Product April 29 • Pemenuhan Kekosongan Pejabat • Fulfillment of Executive Office Eksekutif Position 13 Mei RR No.018/2014/DIR • Simobi • Simobi May 13 • Cash Deposit Machine • Cash Deposit Machine • Rekrutmen • Recruitment • Rotasi Karyawan • Employee Rotation • Cost of Account • Cost of Account • Produk • Product • Laporan Keuangan April 2014 • Financial Statement April 2014 23 Mei RR No.019/2014/DIR • Rotasi Dan Mutasi Pejabat • Official Rotation and Mutation May 23 • Produk E-Channel • E-Channel Products • Kredit • Credit • Program Mckinsey • Mckinsey Program • Cash Deposit Machine • Cash Deposit Machine • Acquiring • Acquiring 10 Juni RR No.021/2014/DIR • Rekrutmen • Recruitment June 10 • Cash Deposit Box • Cash Deposit Box • Acquiring • Acquiring • Akunting • Accounting • Rencana Bisnis Bank • Bank’s Business Plan • Kartu Kredit • Credit Card • Kerjasama • Cooperation • Kartu Kredit Corporate • Corporate Credit Card • Billing Statement • Billing Statement • Produk • Product • Likuiditas Bank • Bank’s Liquidity • Virtual Branch • Virtual Branch • Rotasi Pegawai • Employee Rotation • Unit Usaha Syariah • Sharia Business Unit

17 Juni RR No.022/2014/DIR • Cash Deposit Box • Cash Deposit Box June 17 • Acquiring • Acquiring • Akunting • Accounting • Kerjasama • Cooperation • Kartu Kredit Corporate • Corporate Credit Card • ATM • ATM • Digital Banking • Digital Banking • Unit Usaha Syariah • Sharia Business Unit • Produk • Product • Mobil Kas Keliling • Roving Cash Car • Kredit • Credit

328 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

24 Juni RR No.023/2014/DIR • Kredit Mikro • Micro Credit June 24 • ATM • ATM 1 Juli RR No.024/2014/DIR • Kredit Mikro • Micro Credit July 1 • Kerjasama • Cooperation • Digital Banking • Digital Banking • ATM • ATM • Produk • Product 15 Juli RR No.026/2014/DIR • Kerjasama • Cooperation July 15 • Digital Banking • Digital Banking • ATM • ATM • Rekrutmen • Recruitment • Internet Banking • Internet Banking • Produk • Product • Penentuan Libur Lebaran • Determination of Eid Holiday • HUT Bank Sinarmas Ke 25 • Bank Sinarmas 25th Anniversary • Pimpinan Cabang • Branch Leader 22 Juli RR No.027/2014/DIR • Service Nasabah • Customer Service July 22 • Kerjasama • Cooperation • Digital Banking • Digital Banking • ATM • ATM • Produk • Product • Sinkronisasi SE dan SOP • Synchronization of SE and SOP • Pimpinan Cabang • Branch Leader • E- Form Bank • E-Form Bank • Divisi Fraud Management • Fraud Management Division 12 Agustus RR No.029/2014/DIR • Service Nasabah • Customer Service August 12 • ATM • ATM • Internet Banking • Internet Banking • Produk • Product • Rekrutmen • Recruitment • Mobil Kas Keliling • Roving Cash Car • Asuransi Karyawan • Employee Insurance 19 Agustus RR No.030/2014/DIR • E-Form • E-Form August 19 • Atm • ATM • Internet Banking • Internet Banking • Produk • Product • Pimpinan Cabang • Branch Leader • Rekrutmen • Recruitment • Simobi Plus • Simobi Plus • Cross Selling • Cross Selling • Kerjasama • Cooperation 26 Agustus RR No.031/2014/DIR • Service Nasabah • Customer Service August 26 • E-Form • E-Form • ATM • ATM • Produk • Product • Rekrutmen • Recruitment • Simobi Plus • Simobi Plus • Kartu Kredit • Credit Card • Kerjasama • Cooperation • Kartu Union Pay • Union Pay Card

Annual Report 2014 | PT. BANK SINARMAS Tbk. 329 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

9 September RR No.033/2014/DIR • Service Nasabah • Customer Service September 9 • E-Form • E-Form • ATM • ATM • Produk • Product • Pimpinan Cabang • Recruitment • Rekrutmen • Simobi Plus • Simobi Plus • Credit Card • List Black List • Cooperation • Performance KanWil • Union Pay Card • Tingkat Kesehatan Bank 16 September RR No.034/2014/DIR • Produk • Product September 16 • Customer Kartu Kredit • Customer Credit Card • Acquiring • Acquiring • Portofolio Kredit • Credit Portfolio • Insentif kepada Cabang • Incentive to Branches • Proyeksi Laporan Keuangan per • Financial Statement Projection September 2014 per September 2014 23 September RR No.035/2014/DIR • BI Checking • BI Checking September 23 • ATM Switching • ATM Switching • Training BIC • BIC Training • Insentif Cabang • Branches Incentive • Portofolio Kredit Bermasalah • Non-Performing Loans Portfolio 30 September RR No.036/2014/DIR • Travel Insurance • Travel Insurance September 30 • Rekening Online • Online Account • E-Form • E-Form • Penambahan Direksi • Addition of the Board of Directors • Kajian Wilayah Kanwil • Area Review of Regional Office 14 Oktober RR No.038/2014/DIR • Penambahan Modal di Setor • Addition of Paid-In Capital October 14 • Tindak Lanjut Rekomendasi OJK • Follow-up on OJK Recommendation • SOP & Board Manual Pengangkatan • SOP & Board Manual of Board Direktur dan Komisaris of Directors and Board of Commissioners Appointment • Kantor Cabang • Branch Office 21 Oktober RR No.039/2014/DIR • E-Money • E-Money October 21 • Kartu Debit Union Pay • Union Pay Debit Card • Simobi Plus • Simobi Plus • Travel Check • Travel Check • Kartu Debit • Debit Card • ATM Non Tunai • Non-Cash ATM • Struktur Organisasi • Organization Structure 28 Oktober RR No.040/2014/DIR • Kartu Debit • Debit Card October 28 • Travel Check • Travel Check • ATM Switching • ATM Switching • PIN Kartu Kredit • Credit Card PIN • Produk • Product • Simobi Plus • Simobi Plus • Rekomendasi Dewan Komisaris • Recommendation of Board of Commissioners • Rencana Bisnis Bank 2015 • Bank’s Business Plan in 2015 • Mentoring Syariah • Sharia Mentoring

330 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

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Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

11 November RR No.042/2014/DIR • Travel Check • Travel Check November 11 • Unit Usaha Syariah • Sharia Business Unit • Produk • Products • Corporate Internet Banking • Corporate Internet Banking • Kerjasama Pihak Ketiga • Third Party Cooperation • Struktur Organisasi Kantor Cabang • Organization Structure of Branch Offices 18 November RR No.043/2014/DIR • E-Money • E-Money November 18 • Simobi Plus • Simobi Plus • Peningkatan Service Level • Improvement of Service Level • Kartu Kredit • Credit Card • Kredit Mikro • Micro Credit • Rencana Bisnis Bank • Bank’s Business Plan • Kantor Kas • Cash Office • Pembukaan Kantor Fungsional • Opening of Functional Office 25 November RR No.044/2014/DIR • Kantor Cabang Pembantu • Sub-Branch Office November 25 • Unit Usaha Syariah • Sharia Business Unit • Man Power Planing • Man Power Planning • Kerjasama Pihak Ketiga • Third Party Cooperation • Travel Check • Travel Check • Kredit • Credit • Program Laku Pandai OJK • OJK Intelligent Behaviour • DPK dan NPL Kredit Bank Program • Promosi • DPK and NPL Bank Credit • Struktur Organisasi Cabang Thamrin • Promotion • Perubahan Corporate Secretary • Organization Structure of Thamrin Branch • Changes of Corporate Secretary 9 Desember RR No.046/2014/DIR • PIN Kartu Kredit • Credit Card PIN December 9 • ATM Switching • ATM Switching • Supply Chain Financing • Supply Chain Financing • Key Account Manager • Key Account Manager • KTA siMikro • KTA siMikro • Komite Penyelesaian Kredit • Non-Performing Loans Bermasalah Settlement Committee • E-Money • E-Money • Struktur Organisasi Micro Small • Organization Structure of Micro Business Small Business 16 Desember RR No.047/2014/DIR • Kredit • Credit December 16 • Struktur Retail Banking • Retail Banking Structure • Struktur Liabilities Product • Liabilities Product Structure • Kerjasama Pihak Ketiga • Third Party Cooperation • Kartu Kredit • Credit Card 23 Desember RR No.048/2014/DIR • Kredit Mikro • Micro Credit December 23 • Digital Banking • Digital Banking • E-Statement • E-Statement • Kartu Kredit dan Kartu ATM • Credit Card & ATM Card • Supply Chain Financing dan Cash • Supply Chain Financing & Cash Management Management • Unit Usaha Syariah • Sharia Business Unit • Laporan Overdue Konvensional dan • Ovedue Conventional and Sharia Syariah Report

Annual Report 2014 | PT. BANK SINARMAS Tbk. 331 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

30 Desember RR No.049/2014/DIR • Kredit Mikro • Micro Credit December 30 • E-Statement • E-Statement • Supply Chain Financing dan Cash • Supply Chain Financing and Cash Management Management • PIN Kartu Kredit • Credit Card PIN • Sosialisasi Perubahan Customer Care • Socialization of Changes of Contact Center

Program Pelatihan Training Program Pada 2014, Direksi telah mengikuti berbagai seminar/training/ In 2014, the Board of Directors has participated in various workshop guna meningkatkan kompetensinya, antara lain: seminar/training/workshop in order to improve its competencies, among others: Penyelenggara / Seminar/ Seminar Waktu/ Time Tempat/ Place Organizer

Freenyan Liwang Refresmen Kompetensi Manajemen Risiko Perbankan Level 5 / LSPP 12 April 2014 / April 12, 2014 Jakarta, Indonesia Refreshment Banking Risk Management Competence Level 5

Performance Review Training McKinsey 14 Oktober 2014 / October 14, 2014 Jakarta, Indonesia

Heru Agus Wuryanto Refresmen Kompetensi Manajemen Risiko Perbankan Level 5 / LSPP 12 April 2014 / April 12, 2014 Jakarta, Indonesia Refreshment Banking Risk Management Competence Level 5 Performance Review Training McKinsey 14 Oktober 2014 / October 14, 2014 Jakarta, Indonesia

Loa Johnny Mailoa Performance Review Training McKinsey 14 Oktober 2014 / October 14, 2014 Jakarta, Indonesia

Halim Performance Review Training McKinsey 14 Oktober 2014 / October 14, 2014 Jakarta, Indonesia

Salis Teguh Hartono 18 November 2014 / Seminar Risk and Governance Summit 2014 Jakarta, Indonesia November 18, 2014

Hanafi Himawan Performance Review Training McKinsey 14 Oktober 2014 / October 14, 2014 Jakarta, Indonesia 18-19 Oktober 2014 / Manajemen Aset dan Liabilitas / Assets and Liabilities Management Relius Jakarta, Indonesia / October 18-19, 2014 5-6 November 2014 / Indonesia National Productivity Conference 2014 ISO User Club Jakarta, Indonesia November 5-6, 2014 4-5 Desember 2014 / ERMA Bali International Seminar on ERM 2014 ERMA Bali, Indonesia December 4-5, 2014

HUBUNGAN KERJA Dewan WORK RELATION OF THE BOARD Komisaris DAN DIREKSI OF COMMISSIONERS AND BOARD OF DIRECTORS

Dewan Komisaris dan Direksi berkomitmen untuk bersama- Board of Commissioners and Board of Directors are committed sama menegakan sistem perbankan yang sehat dan kuat to uphold a healthy and strong banking system together untuk menerapkan prinsip-prinsip GCG dalam pengelolaan to implement the principles of GCG in management of the

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perusahaan. Keselarasan tugas dan tanggung jawab dari Dewan Company. Harmony of Duties and responsibilities from the Komisaris dan Direksi dalam menjalankan aktivitas operasional Board of Commissioners and Board of Directors in running its harian, akan berpengaruh secara signifikan terhadap kemajuan daily operational activity, will affect the progress and health of dan kesehatan Perseroan. the Company significantly.

Berdasarkan Anggaran Dasar Perusahaan, ada beberapa Based on the Company’s Articles of Association, there are keputusan Direksi yang harus mendapat persetujuan dari several Board of Directors’ decision which has to be approved Dewan Komisaris, yaitu: by the Board of Commissioners, namely: • Melepaskan hak atau mengagunkan barang tidak bergerak, • In any way releasing rights or collateralizing real estate, termasuk hak atas tanah atau perusahaan-perusahaan including rights on land and companies valued less than dengan cara apapun untuk jumlah kurang dari ½ (satu per 1/2 (one half) of capital listed in balance sheet and income dua) dari modal yang tercatat dalam neraca dan perhitungan statement approved by Annual GMS; laba rugi yang telah disetujui dan/atau disahkan oleh RUPS Tahunan. • Memperoleh dengan cara apapun barang tidak bergerak, • In any way obtaining real estate including rights on land or termasuk hak atas tanah atau perusahaan perusahaan. companies; • Menerima pinjaman uang dari siapapun, apabila jumlah • Receiving loans from any party amounting more than set pinjaman tersebut melebihi jumlah yang ditetapkan oleh forth by the meeting of the Board of Commissioners; rapat Dewan Komisaris. • Memberi pinjaman uang kepada pihak terkait. • Giving loans to related parties; • Menghapus buku terhadap pokok pinjaman kepada pihak • To write off basic loan to related or unrelated parties terkait maupun tidak terkait sesuai dengan ketentuan yang according to the prevailing regulation in the bank; berlaku di Bank. • Menggadaikan atau mengagunkan harta kekayaan bank • To pawn or collateralize the bank’s assets amounting more untuk jumlah lebih dari ½ (satu per dua) dari modal yang than 1/2 (one half) of the listed capital at the balance sheet tercatat dalam neraca dan perhitungan laba rugi yang telah and income statement approved by the Annual GMS disetujui dan/atau disahkan oleh RUPS Tahunan.

Bank Sinarmas selalu mengedepankan independensi dari Bank Sinarmas always prioritize the independency of member anggota Dewan Komisaris dan Direksi sehingga tidak of the Board of Commissioners and Board of Directors so that terdapat benturan kepentingan dalam pelaksanaan tugas dan there will be no conflict of interest in the implementation of tangungjawabnya secara mandiri dan kritis. Dalam Perseroan their duties and responsibilities in independent and critical tidak terdapat Dewan Komisaris dan anggota Direksi yang way. Within the Company, there is Board of Commissioners merangkap jabatan sebagai Komisaris, Direksi maupun Pejabat and member of the Board of Directors who concurrent position Eksekutif pada Bank/lembaga lain, serta tidak pula memiliki as Commissioner. Director pr Executive Officer in other Bank/ hubungan hubungan keuangan dan keluarga dengan sesama Institution, as well as no financial and family relationship among anggota Direksi dan/atau anggota Dewan Komisaris hingga fellow member of the Board of Directors and/or member of the derajat kedua. Board of Commissioners up to the second degree. Hubungan keluarga dengan / Hubungan keuangan dengan / Financial ith Family Relationship with Pemegang Pemegang Komisaris Saham Komisaris Saham Direksi / Board Direksi / Board Nama / Name / Board of Pengendali / / Board of Pengendali / of Directors of Directors Commissioners Controlling Commissioners Controlling Shareholders Shareholders Ya / Tidak / Ya / Tidak / Ya / Tidak / Ya / Tidak / Ya / Tidak / Ya / Tidak Yes no Yes no Yes no Yes no Yes no Yes / no

Dewan Komisaris / Board of Commissioners

TjendrawatiWidjadja X X X X X X

Sammy Kristamuljana X X X X X X

Annual Report 2014 | PT. BANK SINARMAS Tbk. 333 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Hubungan keluarga dengan / Hubungan keuangan dengan / Financial ith Family Relationship with Pemegang Pemegang Komisaris Saham Komisaris Saham Direksi / Board Direksi / Board Nama / Name / Board of Pengendali / / Board of Pengendali / of Directors of Directors Commissioners Controlling Commissioners Controlling Shareholders Shareholders Ya / Tidak / Ya / Tidak / Ya / Tidak / Ya / Tidak / Ya / Tidak / Ya / Tidak Yes no Yes no Yes no Yes no Yes no Yes / no

WimpieRianto* X X X X X X

Rusmin** X X X X X X

Direksi / Board of Directors

Freenyan Liwang X X X X X X

Heru Agus Wuryanto X X X X X X

Loa Johnny Mailoa X X X X X X

Halim X X X X X X

Salis Teguh Hartono X X X X X X

Hanafi Himawan X X X X X X

Soejanto Soetjijo*** X X X X X X

Frenky T. Susilo*** X X X X X X

Information: Keterangan : *) Did not serve as Board of Commissioners since June 13, 2014 * Tidak menjabat sebagai Dewan Komisaris sejak 13 Juni 2014 **Efektif menjabat sebagai Dewan Komisaris sejak sejak 19 Juni 2014 **) Did not serve as Board of Commissioners since June 19, 2014 ***) Efektif menjabat sebagai Direktur sejak 24 Maret 2015 ***) Effective to serve as Director since March 24, 2014

Frekuensi, Tingkat Kehadiran, dan Absensi Rapat Frequency, Attendance Rate, and Attendance of Board of Gabungan Dewan Komisaris Dengan Direksi Commissioners and Board of Directors Joint Meeting Selama 2014, Dewan Komisaris dan Direksi telah Throughout 2014, Board of Commissioners and Board of menyelenggarakan rapat gabungan sebanyak 13 kali yang Directors have organized 13 joint meetings which were led by dipimpin oleh Direktur Utama. Seluruh hasil rapat gabungan President Director. The entire results of joint meetings are made diputuskan berdasarkan musyawarah mufakat dan dituangkan based on consensus and stated in written form in minutes of secara tertulis ke dalam risalah rapat serta didokumentasikan meetings and is well-documented. dengan baik.

Dengan demikian, Bank Sinarmas telah memenuhi ketentuan Therefore, Bank Sinarmas has met the provision of Bank Bank Indonesia tentang pelaksanaan GCG dan ketentuan Indonesia on the implementation of GCG and Company’s internal Perseroan yaitu Board Manual serta Pedoman Tata internal provision which is Board Manual as well as Guidelines Tertib Kerja Direksi dan Pedoman Tata Tertib Kerja Dewan of the Board of Directors’ Regulation and Guidelines of the Komisaris. Board of Commissioners’ Regulation.

Frekuensi dan Tingkat Kehadiran Rapat Gabungan Dewan Frequency and Attendance Rate of Board of Commissioners Komisaris Dengan Direksi and Board of Directors Joint Meeting Presentase Kehadiran Jumlah Kehadiran Nama / Name Jabatan/ Position / Attendance / Total Attendance Percentage

Tjendrawati Widjaja Komisaris Utama / President Commissioner 12/12/1313 92.3% Sammy Kristamuljana Komisaris Independen / Independent Commissioner 12/13 92.3%

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Presentase Kehadiran Jumlah Kehadiran Nama / Name Jabatan/ Position / Attendance / Total Attendance Percentage

Wimpie Rianto* Komisaris Independen / Independent Commissioner 6/13 46.1% Rusmin** Komisaris Independen / Independent Commissioner 6/13 46.1% Freenyan Liwang Direktur Utama / President Director 12/13 92.3% Heru Agus Wuryanto Direktur / Director 12/13 92.3% Halim Direktur / Director 11/13 84.6% Loa Johnny Mailoa Direktur / Director 12/13 92.3% Salis Teguh Hartono Direktur Independen / Independent Director 10/13 76.92% Hanafi Himawan Direktur Independen / Independent Director 13/13 100% SoejantoSoetjijo*** Direktur Independen / Independent Director 10/13 76.92% Frenky Tirtowijoyo Susilo *** Direktur Independen / Independent Director 13/13 100%

Keterangan: Information: * Tidak menjabat sebagai Dewan Komisaris sejak 13 Juni 2014 *) Did not serve as the Board of Commissioners since June 13, 2014 ** Efektif menjabat sebagai Dewan Komisaris sejak sejak 19 Juni 2014 **) Effective serve as the Board of Commissioners since June 19, 2014 ***) Efektif menjabat sebagai Direktur sejak 24 Maret 2015 ***) Effective serve as Director since March 24, 2015

Inisial SS FT No TW SK WR* RU** FL HA HL JM SL HH *** *** Tanggal

1 7 Januari √ √ √ √ √ √ √ √ √ 2 4 Februari √ √ √ √ √ √ √ √ √ 3 11 Februari √ √ √ √ √ √ √ x √ 4 4 Maret √ √ √ √ √ √ √ √ √

5 1 April √ √ √ Not joined √ √ x √ √ √ Not joined Not joined

6 6 Mei √ x x Belum bergabung √ √ √ √ √ √ Belum bergabung Belum bergabung 7 3 Juni √ √ √ √ √ √ √ x √ 8 8 Juli x √ √ √ √ √ √ √ √ 9 5 Agustus √ √ √ √ x √ x √ √ 10 2 September √ √ √ √ √ x √ √ √

11 7 Oktober √ √ Resign √ x √ √ √ √ √ Not joined Not joined 12 4 November √ √ √ √ √ √ √ x √ Belum bergabung Belum bergabung

13 2 Desember √ √ Sudah tidak bergabung √ √ √ √ √ √ √ T O T A L 12 12 6 6 12 12 11 12 10 13 - -

Keterangan: Description: • TW (Tjendrawati Widjaja) • TW (Tjendrawati Widjaja) • SK (Sammy Kristamuljana) • SK (Sammy Kristamuljana) • WR (Wimpie Rianto) • WR (Wimpie Rianto) • RU (Rusmin) • RU (Rusmin) • FL (Freenyan Liwang) • FL (Freenyan Liwang) • HA (Heru Agus Wuryanto) • HA (Heru Agus Wuryanto) • SL (Salis Teguh Hartono) • SL (Salis Teguh Hartono) • JM (Loa Johnny Mailoa) • JM (Loa Johnny Mailoa) • HL (Halim) • HL (Halim) • HH (Hanafi Himawan) • HH (Hanafi Himawan) • SS (SoejantoSoetjijo) • SS (SoejantoSoetjijo) • FT (Frenky Tirtowijoyo Susilo) • FT (Frenky Tirtowijoyo Susilo)

* Tidak menjabat sebagai Dewan Komisaris sejak 13 Juni 2014 *) No longer serve as Board of Commissioners since June 13, 2014 ** Efektif menjabat sebagai Dewan Komisaris sejak sejak 19 Juni 2014 **) Effective serve as Board of Commissioners since June 19, 2014 *** Efektif menjabat sebagai Direktur sejak 24 Maret 2015 ***) Effective serve as Board of Directors since March 24, 2015

Annual Report 2014 | PT. BANK SINARMAS Tbk. 335 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Agenda Rapat Gabungan Dewan Komisaris dan Direksi Agenda of Board of Commissioners and Board of Directors Joint Meeting Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

7 Januari 2014 RR No.001/2014/DIRKOM • Fee Based Income • Fee Based Income January 7, 2014 • Kredit • Loan • Rencana Bisnis Bank • Bank’s Business Plan • Pic Unit Kerja Liabilities • Liabilities Working Unit Pic • GCG • GCG • Relokasi Kantor Kas • Cash Office Relocation • Kartu Kredit • Credit Card 4 Februari 2014 RR N.004/2014/DIRKOM • Pemenuhan Kepala Wilayah • Fulfillment of Regional Head February 4, 2014 • Kartu Kredit • Credit Card • Relokasi Kantor Kas • Cash Office Relocation • Rapat Kerja Per Kantor Wilayah • Work Meeting per Regional Office • Pembukaan Kantor Cabang Syariah • Opening of Palembang Branch Palembang Office 11 Februari 2014 RR No.005/2014/DIRKOM • Pengajuan Kartu Kredit Syariah • Sharia Credit Card Application February 11, 2014 • Kartu Kredit • Credit Card • Payment Point Online Bank Type 2 • Payment Point Online Bank Type 2 • E-Money • E-Money • Kredit • Credit • Valas Unit Syariah • Sharia Unit Currency • Pengembangan Program Mckinsey • Development of Mckinsey Program • Pemenuhan Kepala Wilayah • Fulfillment of Regional Head • Internet Banking • Internet Banking • Mentoring System • Mentoring System • Produk • Product 4 Maret 2014 RR No.008/2014/DIRKOM • Internet Banking • Internet Banking March 4, 2014 • ATM • ATM • Kartu Kredit • Credit Card • Struktur Organisasi • Organization Structure 1 April 2014 RR No.012/2014/DIRKOM • Acquiring • Acquiring April 1, 2014 • Produk • Product • Tingkat Kesehatan Bank • Bank’s Health Level • Wali Amanat • Trustee • Laporan Keuangan Bank • Bank’s Financial Statement • Training • Training • Struktur Organisasi • Organization Structure • Kredit Mikro • Micro Credit 6 Mei 2014 RR No.017/2014/DIRKOM • Kredit Mikro • Micro Credit May 6, 2014 • Pengelolaan Likuiditas Bank • Management of the Bank’s Liquidity • Non Performing Loan • Non-Performing Loan • Pembukaan Kantor Fungsional • Opening of Functional Office 3 Juni 2014 RR No.020/2014/DIRKOM • Cash Deposit Box • Cash Deposit Box June 3, 2014 • Acquiring • Acquiring • Akunting • Accounting • Rencana Bisnis Bank • Bank’s Business Plan • Kartu Kredit • Credit Card • Mentoring Direktur • Director’s Mentoring 8 Juli 2014 RR No.025/2014/DIRKOM • Kredit Mikro • Micro Credit July 8, 2014 • Internet Banking • Internet Banking • Produk • Product • Kartu Kredit • Credit Card • Produk • Product 5 Agustus 2014 RR No.028/2014/DIRKOM • Service Nasabah • Customer Service August 5, 2014 • Produk • Product • Rekrutmen • Recruitment • Edukasi Perbankan • Banking Education

336 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

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Tanggal / Nomor Risalah Rapat / Agenda Rapat Meeting Agenda Dates Number of Minutes of Meeting

2 September 2014 RR No.032/2014/DIRKOM • Customer Service • Customer Service September 2, 2014 • E-Form • E-Form • ATM Switching • ATM Switching • Promotion • Promotion • Recruitment of Group Head & Advisor • Recruitment of Group Head & IT Architecture Advisor IT Architecture • Simobi Plus • Simobi Plus • Third Party Cooperation • Third Party Cooperation • Credit Card PIN • Credit Card PIN • Union Pay Card • Union Pay Card • Marketing Strategy • Marketing Strategy • Mentoring Distribution • Mentoring Distribution 7 Oktober 2014 RR No.037/2014/DIRKOM • ATM Card • ATM Card October 7, 2014 • Product • Product • Third Party Cooperation • Third Party Cooperation • Financial Statement- End of • Financial Statement- End of September 2014 September 2014 4 November 2014 RR No.041/2014/DIRKOM • Credit • Credit November 4, 2014 • Credit Limit Utilization Efficiency • Credit Limit Utilization Efficiency • Working Unit Handling of Non- • Working Unit Handling of Non- performing Loans Committee performing Loans Committee • Fund Transfer Pricing • Fund Transfer Pricing • IT and Operational Work Plan • IT and Operational Work Plan • SMME Work Plan • SMME Work Plan • Third Party Cooperation • Third Party Cooperation 2 Desember 2014 RR No.045/2014/DIRKOM • Fund Transfer Pricing • Fund Transfer Pricing December 2, 2014 • Credit • Credit • Credit Card • Credit Card • Branch Office Simas Community • Branch Office Simas Community

KEBIJAKAN DAN PROSEDUR POLICIES AND PROCEDURES PENETAPAN REMUNERASI DIREKSI OF THE BOARD OF DIRECTORS REMUNERATION DETERMINATION

Kebijakan Remunerasi Dewan Komisaris dan Direksi Board of Commissioners and Board of Directors Remuneration Policy Berdasarkan keputusan RUPS sebagaimana dituangkan dalam Based on the decision of GMS as stated in the Deed No. 44 Akta No. 44 tertanggal 13 Juni 2014 tentang Berita Acara dated June 13, 2014 regarding Notes of the Annual General RUPS Tahunan Bank Sinarmas, penetapan remunerasi anggota Meeting of Shareholders of Bank Sinarmas, the remuneration Direksi dan anggota Dewan Komisaris diserahkan kembali ke determination for member of the Board of Directors and Dewan Komisaris dengan memperhatikan usulan/masukan member of the Board of Commissioners is submitted back Komite Remunerasi dan Nominasi. to the Board of Commissioners by taking into account the suggestions/inputs from the Remuneration and Nomination Committee.

Prosedur Penetapan Remunerasi Dewan Komisaris dan Direksi Procedure for the Remuneration Determination of the Board Bank Sinarmas mempertimbangkan kinerja Perseroan, business of Commissioners and Board of Director of Bank Sinarmas size, dan hasil remunerasi peer bank. Secara garis besar consider the Company’s performance, business size, and peer penerapan remunerasi dilakukan melalui tahapan berikut: bank remuneration result. The implementation of remuneration is carried out through the following stages:

Annual Report 2014 | PT. BANK SINARMAS Tbk. 337 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Komite Remunerasi dan Nominasi Dewan Komisaris RUPS / Remuneration and Nomination Board of Commissioners AGMS Committee

Paket/Kebijakan Remunerasi dan Fasilitas Lain Bagi Package/Policies of Remuneration and Other Facilities For Dewan Komisaris dan Direksi the Board of Commissioners and Board of Directors Jumlah yang di terima dalam 1 Tahun / Total accepted within 1 Year Dewan Komisaris / Board of Jenis Remunerasi dan Fasilitas Lain / Direksi / Board of Directors Commissioners Type of Remuneration and Other Facilities Orang / Jutaan Rupiah / Orang / Jutaan Rupiah / Person Million Rupiah Person Million Rupiah

Remunerasi (gaji, bonus, tunjangan rutin, tantiem, dan fasilitas lainnya) 3 2.246 6 7.857 Remuneration (salary, bonus, allowance, tantiem, and other facilities) Fasilitas lain dalam bentuk natura (perumahan, transportasi, asuransi kesehatan dan sebagainya*): Other facilities in form of natura (house, transportation, health insurance, and others*): a. Dapat dimiliki / Can be owned 3 59 6 245 b. Tidak dapat dimiliki /Cannot be owned

Total 3 2.304 6 8.102

*) Dinilai dalam ekuivalen rupiah *) assessed in equivalent Rupiah

Jumlah anggota Dewan Komisaris dan Direksi yang menerima Total member of the Board of Commissioners and Board of paket remunerasi dalam satu tahun yang dikelompokan dalam Directors who received remuneration package within one year kisaran tingkat penghasilan adalah sebagai berikut: that is grouped in the range of income is as follows:

Jumlah Remunerasi per Orang dalam 1 tahun *) / Jumlah Komisaris / Jumlah Direksi / Total Remuneration per Person in 1 Year *) Total Commissioners Total Directors

> Rp2.000.000.000 - 1 > Rp1.000.000.000 s.d. Rp2.000.000.000 1 2 > Rp500.000.000 s.d. Rp1.000.000.000 1 3 < Rp500.000.000 1 - *) yang diterima secara tunai *) received in cash

Rasio Gaji Tertinggi dan Terendah Highest and Lowest Salary Ratio Keterangan / Description Rasio / Ratio

Rasio gaji pegawai yang tertinggi dan terendah 1 :44.55 Ratio of highest and lowest employee’s salary Rasio gaji Direksi yang tertinggi dan terendah 1 : 3.67 Ratio of highest and lowest Director’s salary Rasio gaji Komisaris yang tertinggi dan terendah 1 :2.38 Ratio of highest and lowest Commissioner’s salary Rasio gaji Direksi tertinggi dan pegawai tertinggi 1 : 5.18 Ratio of Highest Director’s salary and highest employee’s salary

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Assessment Dewan Komisaris ASSESSMENT OF THE BOARD OF DAN DIREKSI COMMISSIONERS AND BOARD OF DIRECTORS

Prosedur Pelaksanaan Assessment Dewan Komisaris Implementation Procedure of the Board of Commissioners Assessment Penilaian kinerja Dewan Komisaris dilakukan secara Assessment on the Board of Commissioners’ performance self assessment oleh masing-masing anggota dengan is conducted through self-assessment by each member by memperhatikan tindakan yang dilakukan berdasarkan paying attention to performed actions based on the supervision pengawasan yang dilakukan dan efektifitasnya dan kontribusi and its effectiveness as well as contribution of committees komite-komite dibawah Dewan Komisaris. Selain itu, pemegang under the Board of Commissioners. In addition, shareholders saham juga melakukan penilaian terhadap kinerja Dewan also conducted assessment on the Board of Commissioners’ Komisaris saat disampaikannya laporan pelaksanaan tugas dan performance during the submission of Board of Commissioners’ tanggung jawab Dewan Komisaris dalam RUPS. duties and responsibilities implementation report in the GMS.

Prosedur Pelaksanaan Assessment Direksi Implementation Procedure of the Board of Directors Penilaian kinerja Direksi secara keseluruhan dilakukan oleh Assessment on the Board of Directors performance is conducted Dewan Komisaris. Sedangkan penilaian masing-masing by the Board of Commissioners. While assessment on each anggota Direksi dilakukan oleh Direktur Utama. member of the Board of Directors is carried out by the President Director.

Perspektif Kepuasan Karyawan Customer Satisfaction Perspective Perspektif financial financial perspective Perpektif konsumen customer perspective Perspektif internal bisnis internal business perspective Perpective Inovasi dan Pembelajaran Innovation and Learning Perspective Perspektif Lingkungan dan Masyarakat Environment and Society Perspective

Keenam perspektif tersebut, diturunkan menjadi aspek- These six perspectives, is lowered to be assessment aspects aspek penilaian yang telah mendapat masukan dari Dewan that has obtained input from the Board of Commissioners and Komisaris dan disepakati oleh seluruh anggota Direksi (dengan agreed by the entire member of the Board of Directors (by memperhatikan pembagian tugas dan tanggung jawabnya). Hal taking into account the diversion of duties and responsibilities). ini bertujuan sebagai reminder atau pengingat bagi Direksi agar This is intended to be a reminder for the Board of Directors so corporate plan dan rencana bisnis Bank yang telah ditetapkan that corporate plan and Bank’s business plan which has been dapat terealisasi dengan baik. set can be realized

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

KOMITE-KOMITE DI BAWAH COMMITTEES UNDER THE BOARD Dewan Komisaris OF COMMISSIONERS

KOMITE-KOMITE DI BAWAH Dewan Komisaris

KOMITE KOMITE KOMITE KOMITE remunerasi & pemantau AUDIT / GCG / nominasi / Risk risiko / Risk GCG Audit Monitoring Monitoring Committee Committee Committee Committee

KOMITE AUDIT AUDIT COMMITTEE Pemberhentian anggota Komite Audit dapat dilakukan apabila Dismissal of member of the Audit Committee can be done if yang bersangkutan berakhir masa jabatan keanggotaannya the tenure of the person concerned ended and based on the dan berdasarkan keputusan Dewan Komisaris, diberhentikan decision of the Board of Commissioners, dismissed because not karena tidak memenuhi kinerja yang telah ditetapkan dan/atau being able to meet the performance that has been set and/or is tidak kompeten dalam menjalankan tugasnya. not competent in performing its duties.

Dasar Hukum Pembentukan Komite Audit Legal Basis of Audit Committee Establishment Komite Audit Perseroan dibentuk berdasarkan peraturan The Company’s Audit Committee is established based on the peraturan/perundangan sebagai berikut: regulation/legislation as follows: 1. Undang Undang Republik Indonesia No. 40 tahun 2007 1. Law of Republic Indonesia No. 40 year 2007 regarding tentang Perseroan Terbatas. Limited Companies 2. Keputusan Direksi PT Bursa Efek Indonesia No. Kep-305/ 2. Decision of the Board of Directors from PT Bursa Efek Jakarta BEJ/07-2004 tanggal 19 Juli 2004 tentang Peraturan No.I-A No. Kep-305/BEJ/07-2004 dated July 19, 2004 regarding tentang Pencatatan Saham dan Efek Bersifat Ekuitas Selain Rule No. I-A on Shares Listing and Equity Securities Other Saham Yang Diterbitkan Oleh Perusahaan Tercatat. Than Shares That Is Issued by Listed Company. 3. Keputusan Ketua Bapepam-LK No. Kep-29/PM/2004 3. Decision of the Chairman of Bapepam-LK No. Kep-29/ tanggal 24 September 2004 Lampiran: Peraturan IX.I.5 PM/2004 dated September 24, 2004 appendix: Regulation tentang Pembentukan dan Pedoman Pelaksanaan Komite IX.I.5 on the Establishment and Guidelines of Audit Audit. Committee Implementation 4. Peraturan Bank Indonesia No. 8/4/PBI/2006 tentang 4. Regulation of Bank Indonesia No. 8/4/PBI/2006 on the Pelaksanaan Good Corporate Governance Bagi Bank Umum Implementation of Good Corporate Governance for yang telah diubah dengan Peraturan Bank Indonesia No. Commercial Banks jo Regulation of Bank Indonesia No. 8/14/PBI/2006 tentang Perubahan atas PBI No. 8/4/PBI/2006 8/14/PBI/2006 on the amendment of PBI No. 8/4/PBI/2006 Pelaksanaan Good Corporate Governance Bagi Bank on the Implementation of Good Corporate Governance for Umum. Commercial Banks.

Struktur dan Susunan Anggota Komite Audit Structure and Composition of Audit Committee Member Berdasarkan SK No.015/2014/PRESDIR-Corsec&CorComm Based on SK No.015/2014/PRESDIR-Corsec&Corcomm dated tanggal 3 Juli 2014, susunan anggota Komite Audit adalah July 3, 2014, the composition of Audit Committee member is sebagai berikut: as follows:

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Nama / Name Posisi / Position Periode / Period Keahlian / Expertise

Rusmin Ketua / Chairman Juli 2014 - sekarang / July 2014 Perbankan, ekonomi / Banking, - now economy Edwin Hidayat Abdullah Anggota / Member Juli 2014 - sekarang / July 2014 Perbankan, ekonomi, manajemen / - now Banking, economy, management Agustinus Antonius Anggota / Member Juli 2014 - sekarang / July 2014 Manajemen, perbankan / - now Management, banking Ketut Sanjaya Anggota / Member Juli 2014 - sekarang / July 2014 Perbankan / Banking - now

Profil Komite Audit Profile of Audit Committee Rusmin - Ketua Rusmin - Chairman Profil Ketua Komite Audit sudah disajikan dalam profil Dewan Profile of the Chairman of Audit Committee is already served in Komisaris. the profile of Board of Commissioners

Edwin Hidayat Abdullah - Anggota Edwin Hidayat Abdullah - Member Warga Negara Indonesia, 43 tahun. Bergabung dengan Bank Indonesian Citizen, 43 years old. Joined Bank Sinarmas since Sinarmas sejak 2007. Meraih gelar Sarjana Ekonomi dari 2007. Received his Bachelor’s Degree of Economy from Gadjah Universitas Gadjah Mada, gelar Master of Public Management Mada University, Master’s Degree of Public management from dari NUS, Lee Kuan Yew School of Public Policy pada 2004. NUS, Lee KuanYew School of Public Policy in 20014. Started his Mengawali karir di Pan Indonesia Bank pada 1996. careed in Pan Indonesia Bank in 1996.

Agustinus Antonius - Anggota Agustinus Antonius - Member Warga Negara Indonesia, 46 tahun. Bergabung dengan Bank Indonesian Citizen, 46 years old, Joined Bank Sinarmas since Sinarmas sejak 2007. Meraih gelar Magister Manajemen 2007. Received his Master’s Degree of Management from dari Universitas Gadjah Mada pada 1992. Mengawali karir Gadjah Mada University in 1992. Started his banking career in perbankan di Bank Sumitomo Niaga (sekarang Bank Sumitomo Bank Sumitomo Niaga (now Bank Sumitomo Indonesia). Indonesia).

Ketut Sanjaya - Anggota Ketut Sanjaya - Member Warga Negara Indonesia, 63 tahun. Bergabung dengan Bank Indonesian Citizen, 63 years old. Joined Bank Sinarmas since Sinarmas sejak 2011. Meraih gelar Master dari Boston University 2001. Received his Master’s Degree from Boston University in pada 1984. Mengawali karir di Bank Indonesia pada 1994. 1984. Started his career in Bank Indonesia in 1994.

Keanggotaan Komite Audit telah sesuai dengan yang disyaratkan Membership of Audit Committee is in accordance with oleh ketentuan Bank Indonesia tentang pelaksanaan GCG dan what is required by the provision of Bank Indonesia on the Piagam Komite Audit. implementation of GCG and Audit Committee Charter.

Independensi Komite Audit Independency of Audit Committee Mengacu kepada Ketentuan Bank Indonesia dan Piagam Refer to the Provision of Bank Indonesia and Audit Committee Komite Audit dinyatakan bahwa: Charter, it is stated that: • Anggota Komite Audit paling sedikit terdiri dari 1 (satu) • Member of Audit Committee at least consists of 1 (one) orang Komisaris Independen sebagai ketua merangkap Independent Commissioner as the chairman and member anggota serta 1 (satu) orang pihak independen yang as well as 1 Independent party with expertise in the field memiliki keahlian di bidang keuangan atau akuntansi serta of finance or accounting and 1 independent party with 1 (orang) orang pihak independen yang memiliki keahlian expertise in the field of law or banking. di bidang hukum atau perbankan.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

• Komite Audit diketuai oleh Komisaris Independen. Dalam • Audit Committee is chaired by Independent Commissioner. hal Komisaris Independen yang menjadi anggota Komite In case Independent Commissioner who became member Audit lebih dari 1 (orang) orang, maka salah satunya of Audit Committee is more than 1 person, then one of diangkat sebagai Ketua Komite Audit. them is appointed as the Chairman of Audit Committee • Paling sedikit 51% dari jumlah anggota Komite Audit • At least 51% from total member of Audit Committee is adalah Komisaris Independen dan pihak independen. Independent Commissioner and independent parties.

Independensi Komite Audit telah memenuhi ketentuan Bank Independency of the Audit Committee has met the provision of Indonesia tentang pelaksanaan GCG antara lain: Bank Indonesia on the implementation of GCG among others:

No Nama / Name Kriteria / Criteria

1 Rusmin Tidak memiliki Tidak memiliki Tidak memiliki Tidak memiliki hubungan keuangan hubungan hubungan kepemilikan hubungan keluarga dengan anggota Dewan kepengurusan dengan saham dengan anggota dengan anggota Dewan Komisaris,Direksi, anggota Dewan Dewan Komisaris, Komisaris, Direksi, dan/atau Pemegang Komisaris, Direksi, Direksi, dan/atau Pemegang 2 Edwin Hidayat Abdullah Saham Pengendali dan/atau Pemegang dan/atau Pemegang Saham Pengendali atau hubungan Saham Pengendali Saham Pengendali atau atau hubungan dengan Bank, yang atau hubungan hubungan dengan dengan Bank, yang dapat mempengaruhi dengan Bank, yang Bank, yang dapat dapat mempengaruhi 3 Agustinus Antonius kemampuannya untuk dapat mempengaruhi mempengaruhi kemampuannya untuk bertindak Independen. kemampuannya untuk kemampuannya untuk bertindak independen. bertindak independen. bertindak independen. No financial relations No financial relations No financial relations No financial relations with members of Board with members of Board with members of Board with members of Board 4 Ketut Sanjaya of Commissioners, of Commissioners, of Commissioners, of Commissioners, Directors, and/ or Directors, and/ or Directors, and/ or Directors, and/ or Shareholders Controller, Shareholders Controller, Shareholders Controller, Shareholders Controller, or relations with or relations with or relations with or relations with Bank, in possibility Bank, in possibility Bank, in possibility Bank, in possibility that his ability to act that his ability to act that his ability to act that his ability to act independent y could be independent y could be independent y could be independent y could be compromised. compromised compromised compromised

Tugas dan Tanggung Jawab Duties and Responsibilities Berikut tugas dan tanggung jawab Komite Audit sebagaimana Here are the duties and responsibilities of Audit Committee as tertuang dalam Piagam Komite Audit yang disetujui oleh stated in the Audit Committee Charter that is approved by the Dewan Komisaris pada 26 Juli 2012. Board of Commissioners on July 26, 2012 • Komite Audit dibentuk dengan maksud untuk membantu • Audit Committee was established with the intention to dan memfasilitasi Komisaris dalam menjalankan tugas help and facilitate the Commissioners in implementing dan fungsi pengawasan terhadap hal-hal terkait dengan duties and supervision function on matters related to informasi keuangan, sistem pengendalian internal, financial information, internal control system, effectiveness efektivitas pemeriksaan auditor internal dan eksternal, of internal and external auditor examination, effectiveness efektivitas pelaksanaan manajemen risiko, serta kepatuhan of risk management implementation, as well as compliance terhadap peraturan perundang-undangan yang berlaku. on legislation in force. • Komite Audit melakukan pemantauan dan evaluasi • Audit Committee conducted monitoring and evaluation terhadap pelaksanaan tugas Satuan Kerja Audit Internal on the implementation of Internal Audit Work Unit (SKAI), (SKAI), kesesuaian pelaksanaan audit oleh Kantor Akuntan suitability of audit implementation by Public Accountant Publik dengan standar audit yang berlaku, kesesuaian Firm with applicable audit standard, suitability of financial

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

laporan keuangan dengan standar audit yang berlaku, statement with the applicable audit standard, and the dan pelaksanaan tindak lanjut oleh Direksi mengenai hasil follow-up implementation by the Board of Directors temuan SKAI, Akuntan Publik, dan hasil pengawasan Bank regarding the result of findings by SKAI, Public Accountant, Indonesia guna memberikan rekomendasi kepada Dewan and supervision result of Bank Indonesia to provide Komisaris. recommendation to the Board of Commissioners. • Komite Audit memiliki tata tertib kerja yang bersifat • Audit Committee has work code of conduct that binds. mengikat. Komite Audit juga wajib memberikan Audit Committee is also obliged to provide recommendation rekomendasi mengenai penunjukkan Akuntan Publik dan regarding appointment of Public Accountant and Public Kantor Akuntan Publik untuk disampaikan saat RUPS. Accountant Firm to be submitted in the GMS

Laporan Singkat Pelaksanaan Tugas Tahun Berjalan Brief Report of the Implementation of Duties in the Current Year Selama periode 2014, Komite Audit telah melakukan tindakan- During 2014, Audit Committee has performed actions among tindakan antara lain: others: 1. Menerima laporan audit Mulyamin, Sensi, Suryanto, dan 1. Received audit report Mulyamin, Sensi, Suryanto, and Lianny atas Laporan Keuangan Bank Sinarmas tahun 2013. Lianny on the Financial Statement of Bank Sinarmas in 2013 2. Mengkaji dan memantau proses tindak lanjut atas laporan- 2. Review and monitor the follow-up process on the result of laporan hasil audit internal. internal audit reports. 3. Membahas dan merekomendasikan usulan pemilihan 3. Discuss and provide recommendation on the selection of Kantor Akuntan Publik Mulyamin, Sensi, Suryanto & Lianny Public Accountant Firm Mulyamin, Sensi, Suryanto & Lianny kepada Dewan Komisaris untuk melakukan audit laporan to the Board of Commissioners to carry out audit on Bank’s keuangan Bank untuk periode 2014. financial statement for the 2014 period. 4. Melakukan pertemuan dengan Kantor Akuntan Publik 4. Organize meetings with the Public Accountant Firm Mulyamin, Sensi, Suryanto, dan Lianny untuk membahas Mulyamin, Sensi, Suryanto, and Lianny to discuss scope of cakupan audit atas Laporan Keuangan Bank Sinarmas audit on the Financial Statement of Bank Sinarmas in fiscal tahun buku 2014. year 2014. 5. Menerima dan menindaklanjuti hasil temuan regulator. 5. Receive and follow-up the audit result of Financial Services Authority (d/h) Bank Indonesia. 6. Menyampaikan hasil pemantauan dan rekomendasi 6. Submit the result of monitoring and recommendation of Komite Audit dalam bentuk Memorandum kepada Dewan Audit Committee in form of Memorandum to the Board of Komisaris. Commissioners. 7. Menerima rangkuman rencana kerja SKAI tahun 2015. 7. Receive the summary of SKAI work plan for 2015

Frekuensi dan Tingkat Kehadiran Rapat Komite Audit Frequency and Attendance Rate of Audit Committee Meeting Komite Audit secara periodik melakukan rapat yang dipimpin Audit Committee periodically organized meeting which is led oleh ketua dengan tujuan untuk mengevaluasi pelaksanaan by the chairman with intention to evaluate the implementation tugas SKAI serta tindak lanjut Direksi terhadap hasil temuan of SKAI duties as well as the Board of Directors’ follow-up pemeriksa, baik internal maupun eksternal. Hal ini dilakukan action on the result of findings, both internal and external. This untuk memberikan rekomendasi kepada Dewan Komisaris. is done in order to provide recommendation to the Board of Keputusan rapat diambil dengan jalan musyawarah mufakat. Commissioners. Meeting decision is made through consensus. Akan tetapi, jika tidak terjadi musyawarah mufakat, keputusan However, if there is no consensus, the decision is made based diambil dengan suara terbanyak. Selama 2014, Komite Audit by voting. telah melakukan rapat sebanyak 4 (empat) kali dengan keterangan sebagai berikut:

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Kehadiran Rapat Meeting Attendance Frekuensi Kehadiran / Persentase / No. Nama / Name Jabatan / Position Attendance Frequency Percentage

1 Rusmin* Ketua / Chairman 2/4 50%

2 Edwin Hidayat Abdullah Anggota / Member 3/4 75%

3 Agustinus Antonius Anggota / Member 4/4 100%

4 Ketut Sanjaya Anggota / Member 4/4 100%

Keterangan: *) Efektif menjabat sejak 19 Juni 2014 Information : *) Effective serve since June 19, 2014

Agenda Rapat Komite Audit Agenda of Audit Committee Meeting

Tanggal / Date Nomor Risalah Rapat Agenda Rapat / Meeting Agenda

7 Februari 2014 • Tindak Lanjut temuan BI • Follow-up on BI findings • Pemeriksaan SKAI • SKAI Examination • Review berkala SKAI • SKAI Periodic Review • Review Berkala Bank Sinarmas • Bank Sinarmas Periodic Review 11 April 2014 • Tindak lanjut Rekomendasi • Follow -up on the Dewan Komisaris Recommendation of the Board • Hasil pemeriksaan OJK of Commissioners • Hasil Pemeriksaan SKAI triwulan • Result of OJK Examination 4 - 2013 • Result of SKAI Examination • Hasil Pemeriksaan SKAI triwulan quarter 4 - 2013 1 - 2014 • Result of SKAI Examination Quarter 1 - 2014 4 Juli 2014 Hasil Pemeriksaan SKAI triwulan 2 - Result of SKAI Examination quarter 2014 2 - 2014 10 Oktober 2014 • Tindak lanjut meeting komite • Follow-up on the meeting of audit Audit Committee • Hasil Pemeriksaan SKAI triwulan • Result of SKAI Examination 3 tahun - 2014 Quarter 3 - 2014

KOMITE PEMANTAU RISIKO Risk Monitoring Committee Komite Pemantau Risiko dibentuk mengacu kepada Peraturan Risk Monitoring Committee is established by referring to Bank Indonesia Nomor 8/4/PBI/2006 tentang Pelaksanaan the Regulation of Bank Indonesia No. 8/4/PBI/2006 on Good Corporate Governance bagi Bank Umum pada 30 the implementation of Good Corporate Governance for Januari 2006 yang diubah menjadi Peraturan Bank Indonesia Commercial Banks on January 30, 2006 which was amended to No. 8/14/PBI/2006 pada 5 Oktober 2006. Komite Pemantau Regulation of Bank Indonesia No. 8/14/PBI/2006 on October 5, Risiko dibentuk untuk mendukung pelaksanaan fungsi Dewan 2006. Risk Monitoring Committee was established to support Komisaris dalam mengawasi efektivitas proses manajemen the implementation of Board of Commissioners’ function in risiko meliputi proses identifikasi, pengukuran, pemantauan, supervising the effectiveness of risk management process dan pengendalian risiko pada Bank. Hingga saat ini, Komite including identification process, measure, monitoring, and Pemantau Risiko berkoordinasi dengan Komite Manajemen risk control on the Bank. Up until now, the Risk Monitoring Risiko dan Satuan Kerja Manajemen Risiko. Committee is coordinating with Risk Management Committee and Risk Management Working Unit.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Struktur dan Susunan Komite Pemantau Risiko Structure and Composition of the Risk Monitoring Committee Berdasarkan Surat Keputusan No. 016/2014/PRESDIR- Based on the Decree No. 016/2014/PRESDIR-CorSec&CorComm CorSec&CorComm tanggal 3 Juli 2014, susunan anggota dated July 3, 2014, the composition of Risk Monitoring Komite Pemantau Risiko adalah sebagai berikut: Committee is as follows:

Nama / Name Posisi / Position Periode / Period Keahlian / Expertise

Sammy Kristamuljana Ketua / Chairman Juli 2014 - Sekarang / • Ekonomi / Economy July 2014 - Now • Akuntansi / Accounting • Manajemen & Strategi Bisnis / - Management & Business Strategy Tjendrawati Widjaja Anggota / Member Juli 2014 - Sekarang / • Ekonomi / Economy July 2014 - Now • Keuangan / Finance • Perbankan / Banking Edwin Hidayat Abdullah Anggota / Member Juli 2014 - Sekarang / • Ekonomi / Economy July 2014 - Now • Manajemen / Management • Perbankan / Banking Agustinus Antonius Anggota / Member Juli 2014 - Sekarang / • Manajemen / Management July 2014 - Now • Perbankan / Banking

Profil Komite Pemantau Risiko Profile of the Risk Monitoring Committee Sammy Kristamuljana - Ketua Sammy Kristamuljana - Chairman Profil Ketua Komite Audit sudah disajikan dalam profil Dewan Profile of the Audit Committee Chairman is already served in Komisaris. Profile of the Board of Commissioners

Tjendrawati Widjaja - Anggota Tjendrawati Widjaja - Member Profil anggota Komite Audit ini sudah disajikan dalam profil Profile of the Audit Committee member is already served in Dewan Komisaris. Profile of the Board of Commissioners

Edwin Hidayat Abdullah - Anggota Edwin Hidayat Abdullah - Member Profil anggota Komite Audit ini sudah disajikan dalam profil Profile of the Audit Committee member is already served in anggota Komite Audit. Profile of the Audit Committee

Agustinus Antonius - Anggota Agustinus Antonius - Member Profil anggota Komite Audit ini sudah disajikan dalam profil Profile of the Audit Committee member is already served in anggota Komite Audit. Profile of the Audit Committee

Keanggotaan Komite Pemantau Risiko telah sesuai dengan Membership of the Risk Monitoring Committee is in accordance yang disyaratkan oleh ketentuan Bank Indonesia tentang with the requirements of Bank Indonesia Provision on the pelaksanaan GCG dan Piagam Komite Pemantau Risiko. implementation of GCG and Risk Monitoring Committee Charter.

Independensi Komite Pemantau Risiko Independency of Risk Monitoring Committee Mengacu kepada Ketentuan Bank Indonesia dan Piagam Refer to the Provision of Bank Indonesia and Risk Monitoring Komite Pemantau Risiko, yaitu: Committee Charter, namely: • Anggota Komite Pemantau Risiko terdiri dari : • Member ot the Risk Monitoring Committee consists of: a. Sammy Kristamuljana A. Sammy Kristamuljana b. Tjendrawati Widjaja B. Tjendrawati Widjaja

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

c. Edwin Hidayat Abdullah C. Edwin Hidayat Abdullah d. Agustinus Antonius D. Agustinus Antonius • Komite Pemantau Risiko diketuai oleh Komisaris Independen • Risk Monitoring Committee is chaired by Independent yaitu Sammy Kristamuljana. Commissioner which is Sammy Kristamuljana • Tidak terdapat anggota Direksi yang menjadi anggota • There is no member of the Board of Directors who became Komite Pemantau Risiko. member of the Risk Monitoring Committee • Merangkap jabatan sebagai ketua komite paling banyak • Concurrent position as the committee chairman maximum pada 1 (satu) komite lainnya. Selain menjabat sebagai Ketua at 1 (one) other committee. Other than serve as Chairman Pemantau Risiko, Sammy Kristamuljana juga menjabat of Risk Monitoring, Sammy Kristamuljana also served as sebagai Ketua Komite Good Corporate Governance (GCG). the Chairman of Good Corporate Governance Committee (GCG).

Independensi Komite Audit telah memenuhi ketentuan Bank Independency of Audit Committee has met the provision of Indonesia tentang pelaksanaan GCG antara lain: Bank Indonesia on the implementation of GCG among others:

No Nama / Name Kriteria / Criteria

Tidak memiliki Tidak memiliki Tidak memiliki hubungan hubungan Tidak memiliki hubungan 1 Sammy Kristamuljana keuangan dengan keuangan dengan hubungan keuangan keuangan dengan anggota Dewan anggota Dewan dengan anggota Dewan anggota Dewan Komisaris,Direksi, Komisaris,Direksi, Komisaris,Direksi, Komisaris,Direksi, dan/atau Pemegang dan/atau Pemegang dan/atau Pemegang dan/atau Pemegang Saham Pengendali Saham Pengendali Saham Pengendali Saham Pengendali atau hubungan atau hubungan atau hubungan atau hubungan 2 Tjendrawati Widjaja dengan Bank, yang dengan Bank, yang dengan Bank, yang dengan Bank, yang dapat mempengaruhi dapat mempengaruhi dapat mempengaruhi dapat mempengaruhi kemampuannya untuk kemampuannya untuk kemampuannya untuk kemampuannya untuk bertindak Independen. bertindak Independen. bertindak Independen. bertindak Independen. No financial No financial No financial relations No financial relations with relations with with members of Board relations with 3 Edwin Hidayat Abdullah members of Board members of Board of Commissioners, members of Board of Commissioners, of Commissioners, Directors, and/ or of Commissioners, Directors, and/ Directors, and/ Shareholders Controller, Directors, and/ or Shareholders or Shareholders or relations with or Shareholders Controller, or relations Controller, or relations Bank, in possibility Controller, or relations with Bank, in possibility with Bank, in possibility that his ability to act with Bank, in possibility 4 Agustinus Antonius that his ability to act that his ability to act independent y could be that his ability to act independent y could independent y could compromised independent y could be compromised be compromised be compromised

Tugas dan Tanggung Jawab Duties and Responsibilities Dalam melaksanakan fungsinya, Komite Pemantau Risiko In implementing its function, the Risk Monitoring Committee is bertugas dan bertanggung jawab untuk : in charge and responsible to : • Melakukan evaluasi tentang kesesuaian antara kebijakan • Carry out evaluation regarding the suitability between risk manajemen risiko dengan pelaksanaan kebijakan tersebut. management policy with the implementation of such policy. • Melakukan pemantauan dan evaluasi pelaksanaan tugas • Carry out the monitoring and evaluation on the Komite Manajemen Risiko dan Satuan Kerja Manajemen implementation of duties of the Risk Management Risiko (SKMR). Committee and Risk Management Working Unit (SKMR) • Memberikan rekomendasi kepada Dewan Komisaris atas • Provide recommendation to the Board of Commissioners on hasil evaluasi manajemen risiko. the result of risk management evaluation.

Laporan Singkat Pelaksanaan Tugas Komite Pemantau Brief Report of the Duty Implementation of Risk Risiko Monitoring Committee Program kerja Komite Pemantau Risiko difokuskan untuk Risk Monitoring Committee’s work program is focused mengevaluasi konsistensi dan kecukupan antara kebijakan to evaluate the consistency and adequacy between risk

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

manajemen risiko serta implementasi dari kebijakan tersebut. management policy and the implementation of such policy. Hasil dari evaluasi dan pemantauan yang dilakukan akan Result of evaluation and monitoring carried out will be submitted disampaikan dalam bentuk rekomendasi kepada Dewan in form of recommendation to the Board of Commissioners. Komisaris.

Selama periode 2014, Komite Pemantau Risiko telah During 2014, the Risk Monitoring Committee has implemented melaksanakan program sebagai berikut: the following programs 1. Melakukan evaluasi terhadap : 1. Evaluation on : a. Laporan Keuangan 2014 a. Financial Statement 2014 b. Laporan Keuangan Kuartal 2014 b. Quarterly Financial Statement 2014 c. Laporan Kepatuhan 2014 c. Compliance Report 2014 d. Peraturan-peraturan internal yang terkait dengan d. Internal rules which are related to the implementation pelaksanaan manajemen risiko of risk management 2. Melakukan pemantauan terhadap strategi dan implementasi 2. Carry out monitoring on strategy and implementation dalam meningkatkan peringkat Tingkat Kesehatan Bank in improving the rank of Bank’s Health level as well as to serta memberikan rekomendasi terhadap parameter (Profil provide recommendation on parameters (Risk Profile, GCG, Risiko, GCG, Rentabilitas, Permodalan) yang perlu menjadi Profitability, and Capital) which needs to be focused. perhatian. 3. Mempelajari dan memahami regulasi yang mengatur 3. Study and understand the regulation that regulates the pelaksanaan manajemen risiko serta memastikan bahwa implementation of risk management as well as to ensure Bank telah mengimplementasikan regulasi tersebut. that the Bank has implemented such regulation. 4. Memahami risiko-risiko yang dihadapi Bank dan 4. Understand that risks that are being faced by the bank memberikan arahan yang jelas, melakukan pengawasan and to provide clear guidance, perform supervision and dan mitigasi secara aktif serta mengembangkan budaya mitigation actively as well as to develop risk management manajemen risiko pada seluruh unit kerja. culture in the entire work unit. 5. Membahas antisipasi pengendalian risiko dalam hal-hal 5. To discuss the anticipation of risk control in special matters, yang bersifat khusus, antara lain rencana pengembangan among others are the development plan of office network jaringan kantor dan pengembangan Teknologi Sistem and the development of System Information Technology Informasi (TSI). (TSI) 6. Mengintensifkan komunikasi dengan unit-unit dalam Bank 6. Intensifies the communication with units in the Bank or maupun pihak luar yang relevan dalam rangka mencari relevant outside parties in order to seek better and more bentuk pelaksanaan tugas yang lebih baik dan efektif. effective duties implementation 7. Melakukan pengawasan terhadap seluruh eksposur 7. Perform supervision on the entire risk exposure, with risiko, dengan prioritas pada eksposur risiko kredit, risiko priority to the credit risk exposure, operational risk, which operasional, yang dilakukan antara lain dengan melakukan is conducted among others by performing tight monitoring pemantauan secara ketat atas perkembangan kredit dan on credit and business development to improve credit usaha untuk memperbaiki kualitas kredit serta pemantauan quality as well as monitoring on the follow-up of findings terhadap tindak lanjut temuan berulang oleh SKAI atau by SKAI or External Audit. Supervision is conducted to the Audit Eksternal. Pengawasan dilakukan pula terhadap entire activities and Treasury portfolio owned by the Bank. seluruh aktivitas dan portofolio Treasury yang dimiliki Bank. 8. Melakukan pengawasan terhadap realisasi rencana Bisnis 8. Perform supervision on the realization of Bank’s Business Bank, khususnya dalam menghadapi lingkungan bisnis plan, especially in facing the business environment that is yang dihadapkan pada perekonomian global. faced to global economy 9. Melakukan evaluasi dan memberikan masukan kepada 9. Perform evaluation and provide inputs to the Board of Dewan Komisaris terhadap transaksi atau kegiatan Commissioners on transaction or business activity which usaha yang berpotensi menimbulkan risiko, untuk dapat potentially give rise to risk, in order to be used by the Board digunakan oleh Dewan Komisaris sebagai dasar untuk of Commissioners as basis for decision-making. pengambilan keputusan.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

10. Memberikan masukan terhadap implementasi BASEL 10. Provide input on the implementation of BASEL II, BASEL II, BASEL III, dan implementasi PSAK 50 dan 55 serta III, and implementation of PSAK 50 and 55 as well as to mengantisipasi dampaknya terhadap aktivitas usaha Bank, anticipate its impact on the Bank’s business activity, capital kecukupan modal dan kesiapan infrastruktur. adequacy and infrastructure readiness.

Adapun rekomendasi yang diberikan kepada Dewan Komisaris Recommendations provided to the Board of Commissioners In sehubungan dengan telah dilaksanakannya program kerja connection with the implementation of such work program, tersebut antara lain: among others are: 1. Perlunya ditingkatkan mekanisme sistem pengawasan dan 1. The need for improved mechanism of supervision system sistem monitoring kredit, khususnya kredit dengan skema and credit monitoring system, especially credit with channeling dan consumer loan. channeling and consumer loan scheme 2. Perlunya peningkatan pelaksanaan pemantauan aktivitas 2. The need for improvement on the implementation of transaksi fasilitas ekspor impor kepada nasabah. supervision on activity of export import transaction to the customer. 3. Memaksimalkan monitoring dan meminimalkan potensi 3. Maximize the monitoring and minimize the potential for kerugian dengan cara meningkatkan efektivitas Sistem loss by improving the effectiveness of Risk Management Informasi Manajemen Risiko untuk risiko pasar dan likuditas. Information System for market risk and liquidity. 4. Minimalisasi potensi risiko operasional akibat kesalahan 4. Minimization of operational risk potential due to mistakes yang dilakukan oleh petugas pelaporan (human error). conducted by officer (human error) 5. Untuk perbaikan kualitas kerja yang berkesinambungan, 5. For the improvement of sustainable work quality, then the maka perlunya diskusi yang intensif dengan pihak regulator needs of intensive discussion with regulator parties related terkait penilaian tingkat kesehatan Bank. to the assessment of the Bank’s health level. 6. Bank harus melakukan perbaikan total dalam mewujudkan 6. The Bank has to perform total improvement in realizing the Tingkat Kesehatan Bank yang ideal. ideal Bank’s Health Level 7. Pelaksanaan budaya Sadar Risiko harus lebih ditingkatkan 7. Implementation of Risk Awareness culture shall be improved sebagai salah satu bentuk mitigasi risiko, dari level tertinggi as one of the risk mitigation form, from the highest to hingga terendah. lowest level. 8. SKMR harus menjadi partner bagi unit kerja lain untuk 8. SKMR must be the partner for other working unit to mencapai tujuan bersama sesuai dengan arahan pihak reach mutual target in accordance with the guidance of Manajemen. Management. 9. Perlunya perbaikan aspek Kualitas Penerapan Manajemen 9. The need for improvement of Risk Management Risiko, khususnya untuk nilai parameter yang peringkatnya Implementation Quality aspect, especially for the parameter masih perlu ditingkatkan. value which rank needs to be improved. 10. Perlunya kajian terhadap tiap temuan Regulator serta 10. The needs for study on each findings by Bank Indonesia as pemantauan atas tindak lanjut temuan Regulator. well as monitoring on the follow-up on findings by Bank Indonesia

Frekuensi dan Tingkat Kehadiran Rapat Komite Pemantau Frequency and Attendance Rate of Risk Monitoring Risiko Committee Meeting Komite Pemantau Risiko telah menyelenggarakan rapat Risk Monitoring Committee has organize 4 meetings that is led sebanyak 4 (empat) kali yang dipimpin oleh ketua komite yang by the chairman, and the entire result is based on consensus seluruh hasil rapatnya diputuskan berdasarkan musyawarah and stated in writer letter to the minutes of meetings as well as mufakat dan dituangkan secara tertulis ke dalam risalah to be well-documented in order to provide recommendation to rapat serta didokumentasikan dengan baik guna memberikan the Board of Commissioners. rekomendasi kepada Dewan Komisaris.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Kehadiran Rapat Meeting Attendance Frekuensi Kehadiran / Persentase / No. Nama / Name Jabatan / Position Attendance Frequency Percentage

1 Sammy Kristamuljana Ketua / Chairman 3/4 75%

2 Tjendrawati Widjaja Anggota / Member 4/4 100%

3 Edwin Hidayat Abdullah Anggota / Member 2/4 50%

4 Agustinus Antonius Anggota / Member 2/4 50%

Agenda Rapat Komite Pemantau Risiko Meeting Agenda of Risk Monitoring Committee

Tanggal / Date Agenda Rapat / Meeting Agenda

22 Januari 2014 Penilaian Tingkat Kesehatan Bank Semester II - 2013 Assessment on Health Level of Bank Semester II - 2013 January 22, 2014 17 April 2014 Penilaian Profil Risiko Triwulan I - 2014 Assessment on Risk Profile Quarter I - 2014 April 17, 2014 21 Juli 2014 Penilaian Tingkat Kesehatan Bank Semester I - 2014 Assessment on Health Level of Bank Semester I - 2014 July 21, 2014 dan Profil Risiko Triwulan II - 2014 and Risk Profile Quarter II - 2014 31 Oktober 2014 Penilaian Risiko Triwulan III - 2014 Assessment on Risk Quarter III - 2014 October, 31 2014

KOMITE REMUNERASI DAN NOMINASI Committee of Remuneraion and Nomination Komite Remunerasi dan Nominasi Bank Sinarmas dibentuk Committee of remuneration and nominatiion of Bank Sinarmas dengan tujuan untuk mendukung pelaksanaan fungsi is established with he purpose of supporting the implementation pengawasan Dewan Komisaris terkait kebijakan remunerasi of supervision function of Board of Commissioners related to dan nominasi. remuneration and nomination policies.

Struktur dan Susunan Komite Remunerasi dan Nominasi Structure and Composition of Committee of Remuneration and Nomination Berdasarkan SK No. 017/2014/PRESDIR-Corsec&CorComm Based on Decree No. 017/2014/PRESDIR-Corsec&CorComm tanggal 3 Juli 2014, susunan anggota Komite Remunerasi dan dated July 3, 3014, the composition of Remuneraton and Nominasi adalah sebagai berikut: Nominatio Committee members are as follows:

Nama / Name Posisi / Position Periode / Period Keahlian / Expertise

Rusmin Ketua / Chairman Juli 2014 - Sekarang / • Perbankan / Banking July 2014 - Now • Ekonomi / Economic Tjendrawati Widjaja Anggota / Member Juli 2014 - Sekarang / • Ekonomi / Economic July 2014 - Now • Keuangan / Financial • Perbankan / Banking Wahyu Zaenie Anggota / Member Juli 2014 - Sekarang / • Human Capital Management/ July 2014 - Now Personalia • Hukum / Law

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Profil Komite Remunerasi dan Nominasi Profile of Committee of Remuneration and Nomination Rusmin - Ketua Rusmin-Head Profil Ketua Komite Remunerasi dan Nominasi sudah disajikan Profile of Head of Committee of Remuneration and Nomination dalam profil Dewan Komisaris. has been presented in profile of Board of Commissioners.

Tjendrawati Widjaja - Anggota Tjendrawati Widjaja - Member Profil anggota Komite Remunerasi dan Nominasi ini sudah Profile of Committee of Remuneration and Nomination Member disajikan dalam profil Dewan Komisaris. has been presented in Board of Commissioner.

Wahyu Zaenie - Anggota Wayu Zaenie - Member Warga Negara Indonesia, 55 tahun. Bergabung dengan Bank Indonesian Citizen, age 55. Working in Bank Sinarmas Sinarmas sejak 2006 Dan menjabat sebagai anggota Komite since 2006 and serving as Commiitee of Remuneration and Remunerasi dan Nominasi sejak Juli 2012. Saat ini menjabat Nomination member since July 2012. Currently he serves as sebagai Division Head Human Capital Recruitment & Adm. Division Head Human Capital Recruitment & Adm. Support. Support. Beliau meraih gelar Sarjana Hukum dari Universitas He achieved his bachelor of laws from University of Katolik Katolik Parahyangan. Parahyangan.

Keanggotaan Komite Pemantau Risiko telah sesuai dengan Composition of Committee of Risk Monitoring has been in yang disyaratkan oleh ketentuan Bank Indonesia tentang accordance with Bank Indonesia regulation regarding the pelaksanaan GCG dan Piagam Komite Remunerasi dan implementation of GCG and Commitee o Remuneration and Nominasi. Nomination Charter.

Independensi Komite Remunerasi dan Nominasi Independency of Committee of Remuneration and Nomination Keanggotaan Komite Remunerasi dan Nominasi telah sesuai Composition of Committee of Remuneration and Nomination dengan ketentuan Bank Indonesia mengenai pelaksanaan GCG has been in line with Bank Indonesia regulation regarding the dan Piagam Komite Remunerasi dan Nominasi yang secara implementation of GCG ad Committee of Remuneration and garis besar, yaitu: Nomination Charter which generally are as follows: • Anggota Komite Remunerasi dan Nominasi terdiri dari: • Committee of Remuneration and Nomination Members consist of: a. Rusmin sebagai Komisaris Independen a. Rumin as Independent Commissioner b. Tjendrawati Widjaja sebagai Komisaris. b. Tjendrawati Widjaja as Commissioner c. Wahyu Zaeni sebagai Pejabat Eksekutif di bidang c. Wahyu Zaeni as Excecutive Director in Human Capital Human Capital Management. Management • Komite Remunerasi dan Nominasi diketuai oleh Komisaris • Committee of Remuneration and Nomination is directed by Independen yaitu Rusmin. Independent Commissioner, Rusmin. • Tidak terdapat anggota Direksi yang menjadi Komite • No member from Board of Directors was assigned to Remunerasi dan Nominasi. Remuneration and Nomination Committee • Merangkap jabatan sebagai ketua komite paling banyak • Assigned as Head of the Committee to 1 (one) another pada 1 (satu) komite lainnya. Selain menjabat sebagai Ketua committee at maximum. Other than being assigned as Komite Remunerasi dan Nominasi, Rusmin juga menjabat Head of Remuneration and Nomination Committee, Rusmin sebagai Ketua Komite Audit. was also assigned as Head of Audit Committee • Anggota Komite Remunerasi dan Nominasi memiliki • Committee of Remuneration and Nomination Member hold integritas, akhlak, dan moral yang baik. integrity and good morality.

Keanggotaan Komite Remunerasi dan Nominasi telah sesuai Composition of Remuneration and Nomination Committee has dengan ketentuan Bank Indonesia mengenai pelaksanaan fulfilled Bank Indonesia regulatio regarding the implementation GCG, yaitu : of GCG, such as:

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

No Nama / Name Kriteria / Criteria

1 Rusmin Tidak memiliki hubungan Tidak memiliki hubungan Tidak memiliki hubungan Tidak memiliki hubungan keuangan dengan keuangan dengan keuangan dengan keuangan dengan anggota Dewan anggota Dewan anggota Dewan anggota Dewan Komisaris,Direksi, Komisaris,Direksi, Komisaris,Direksi, Komisaris,Direksi, dan/atau Pemegang dan/atau Pemegang dan/atau Pemegang dan/atau Pemegang Saham Pengendali Saham Pengendali Saham Pengendali Saham Pengendali 2 Tjendrawati Widjaja atau hubungan atau hubungan atau hubungan atau hubungan dengan Bank, yang dengan Bank, yang dengan Bank, yang dengan Bank, yang dapat mempengaruhi dapat mempengaruhi dapat mempengaruhi dapat mempengaruhi kemampuannya untuk kemampuannya untuk kemampuannya untuk kemampuannya untuk bertindak Independen. bertindak Independen. bertindak Independen. bertindak Independen. No financial relations No financial relations No financial relations No financial relations with members of Board with members of Board with members of Board with members of Board 3 Wahyu Zaenie of Commissioners, of Commissioners, of Commissioners, of Commissioners, Directors, and/ or Directors, and/ or Directors, and/ or Directors, and/ or Shareholders Controller, Shareholders Controller, Shareholders Controller, Shareholders Controller, or relations with Bank, or relations with Bank, or relations with Bank, or relations with Bank, that can influence that can influence that can influence that can influence his ability to act his ability to act his ability to act his ability to act independently. independently. independently. independently.

Tugas dan Tanggung Jawab Duties and Responsibility Berikut kebijakan Komite Remunerasi dan Nominasi sebagai Duties and responsibilities of Commitee of Remuneration and tugas dan tanggung jawabnya: Nomination are as follows:

Kebijakan Remunerasi / Remuneration Policy Kebijakan Nominasi / Nomination Policy

Melakukan evaluasi terhadap kebijakan remunerasi. Menyusun dan memberikan rekomendasi mengenai sistem serta prosedur pemilihan dan/atau penggantian anggota Dewan Komisaris dan Direksi kepada Dewan Komisaris untuk disampaikan kepada RUPS. Conducting evaluations upon remuneration policies; Composing and giving recommendations regarding the system and election procedures and/or the replacement of Board of Commissioners and Directors’ member to Board of Commissioer to be reported at the General Meeting of Shareholders; Memberikan rekomendasi kepada Dewan Komisaris mengenai: Memberikan rekomendasi mengenai calon anggota Dewan • Kebijakan remunerasi bagi Dewan Komisaris dan Direksi untuk Komisaris dan/atau Direksi kepada Dewan Komisaris untuk disampaikan kepada RUPS. disampaikan kepada RUPS. • Kebijakan remunerasi bagi pejabat eksekutif dan pegawai secara Give recommendations regarding member candidates of Board of keseluruhan untuk disampaikan kepada Direksi. Commissioners and/or Directors to Board of Commissioners to be reported at the General Meeting of Shareholders; Giving recommendations to Board of Commissioners regarding: Memberikan rekomendasi mengenai pihak independen yang • Remuneration policy for Board of Commissioners and Directors to be akan menjadi anggota komite sebagaimana dimaksud dalam PBI reported at the General Meeting of Shareholders; mengenai GCG. • Remuneration policy for executive manager and overall employees to Give recommendations regarding independent parties who will be be reported to Board of Directors assigned as committee members as stated in PBI about GCG.

Selain itu, Komite Remunerasi dan Nominasi memastikan Besides that, Committee of Remuneration and Nomination bahwa kebijakan paling kurang sesuai dengan hal-hal sebagai ensures that the policy at least suited to: berikut: • Kinerja keuangan dan pemenuhan cadangan perusahaan • Financial performance and fulfillment of company reserves sebagaimana diatur dalam peraturan perundang-undangan as regulated in laws and regulations; yang berlaku.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

• Prestasi kerja individual. • Individual working achievements; • Kewajaran dengan peer group. • Fairness with peer group; • Pertimbangan sasaran dan strategi jangka panjang Bank. • Consideration of the bank’s goals and long-term strategy

Laporan Singkat Pelaksanaan Tugas Komite Remunerasi Brief Report of Duties Implementation of Remuneration dan Nominasi and Nomination Committee Selama 2014, Komite Remunerasi dan Nominasi telah melakukan Throughout 2014, Committee of Remuneration and kegiatan serta memberikan rekomendasi-rekomendasi kepada Nomination Committe had conducted several activties and Dewan Komisaris, antara lain: gave recommendations to Board of Commissioner, such as: 1. Action plan Human Capital Recruitment & Admin Support 1. Action plan of Human Capital Recruitment & Admin di tahun 2014 Support in 2014. 2. Pengimplementasian Program BPJS Kesehatan untuk 2. Implementation of BJPJS health program for all Bank seluruh karyawan Bank Sinarmas. Sinarmas’ employees. 3. Perubahan Anggota Komite Remunerasi dan Nominasi. 3. The changes of Committee of Remuneratio and Nomination members. 4. Perekrutan karyawan dilakukan sesuai dengan Man Power 4. Employee recruitment had been conducted in accordance Planing dalam RBB tahun 2014. with Man Power Planning in RBB year 2014. 5. Kajian terhadap struktur organisasi unit kerja yang dirasa 5. Review of organization structure of working unit that has belum memenuhi kriteria ideal. not fulfilled ideal criteria. 6. Pencalonan calon Anggota Direksi Bank Sinarmas. 6. Nomination of Director members of Bank Sinarmas.

Aktivitas Komite Remunerasi dan Nominasn Activity of Committe of Remuneration and Nomination Sepanjang tahun 2014, Komite Remunerasi dan Nominasi Throughout 2014, Committee of Remuneration and Nomination telah menyelenggarakan pertemuan sebanyak 4 (empat) kali held 4 (four) times meeting conducted n every quarter. The yang dilakukan setiap Triwulan. Dalam pertemuan tersebut discussions in the meetig are as follows: dilakukan pembahasan mengenai hal-hal berikut: a. Fungsi Remunerasi a. Remuneration Function 1. Mengkaji dan mengevaluasi remunerasi BOC dan BOD 1. Reviewing and evaluatng remuneration of Board of tahun 2014 Commissioner and Directors year 2014 2. Penerapan Upah Minimum Propinsi 2. Implementing of Provincial Minimum Wage 3. Melakukan kajian terhadap Kenaikan Berkala tahun 3. Reviewing periodic increase year 2014 and annual 2014 dan Pemberian Bonus Tahunan. bonuses 4. Melakukan kajian terhadap Perubahan Struktur 4. Reviewing the change of employees group structure Golongan Karyawan 5. Reviewing the change of outsourcing employee wage 5. Melakukan kajian terhadap Perubahan Komponen components, that previously consist of basic salary, now Upah Karyawan Outsourcing, yang sebelumnya terdiri is changed into two components, which are basic salary dari Gaji Pokok, dibagi menjadi 2 komponen, yaitu Gaji and special allowance for group A. Pokok dan Tunjangan Khusus Golongan A. b. Fungsi Nominasi b. Nomination Fuction 1. Mengkaji penunjukan kembali keanggotaan BOD & 1. Reviewing re-appointment of Board of Director and BOC serta perubahan anggota Komite. Commissioner composition as well as the change of Committee members. 2. Mengkaji rencana penunjukkan BOD yang akan datang. 2. Reviewing plan of future Board of Director appointment. 3. Mengkaji penunjukan anggota Komisaris Independen 3. Reviewing new Independent Commissioner yang baru. appointment.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

4. Mengkaji komposisi BOC dan BOD 4. Reviewing composition of Board of Commissioner and Director. 5. Melakukan kajian terhadapstruktur organisasi unit kerja 5. Reviewing organization structure of working unit that yang dipandangmasih belum ideal has not been ideal 6. Mengkaji rencana pemenuhan SDM 2014 sesuai 6. Reviewing the plan of Human Resource meeting 2014 dengan Man Power Planning (MPP) dalam RBB 2014. that is in line with Man Power Planning (MPP) in RBB 2014.

Frekuensi dan Tingkat Kehadiran Rapat Komite Meeting Frequency and Attncance List of Committee of Remunerasi dan Nominasi Remuneration and Nomination Komite Remunerasi dan Nominasi telah menyelenggarakan Committe of Remuneration and Nomination held 5 (five) rapat sebanyak 5 (lima) kali yang dipimpin oleh ketua yang times meetings chaired by Head of Committee and its result seluruh hasil rapatnya diputuskan berdasarkan musyawarah was determined based on consensus agreement written in mufakat dan dituangkan secara tertulis ke dalam risalah the minutes of meeting and well documented in order to give rapat serta didokumentasikan dengan baik guna memberikan recommendations to Board of Commissioner. rekomendasi kepada Dewan Komisaris.

Kehadiran Rapat Meeting Attendance Frekuensi Kehadiran / Persentase / No. Nama / Name Jabatan / Position Attendance Frequency Percentage

1 Rusmin* Ketua / Head 2/5 40% 2 Tjendrawati Widjaja Anggota / Member 4/5 80% 3 Wahyu Zaenie Anggota / Member 5/5 100%

Keterangan : *) Efektif menjabat sejak 19 Juni 2014 Description : *) Effective since June 19, 2014

Agenda Rapat Komite Remunerasi dan Nominasi Meeting Agenda of Committee of Remuneration and Nomination Tanggal / Date Agenda Rapat / Meeting Agenda

24 Januari 2014 / January 24, 2014 • Action Plan Human Capital • Action Plan Human Capital Recruitment Recruitment & Admin Support - & Admin Support - 2014 2014 • Health BPJS • BPJS Kesehatan 11 Februari 2014 / February 11, 2014 Calon Komisaris Independen Nomination of Independent Commissioner 11 April 2014 / April 11, 2014 Program Kerja HCM, Admin & Support: Working program of HCM, Admin & Personel service, Recruitment, Industrial Support: Personel service, Recruitment, Relation, Benefit & Admin. Industrial Relation, Benefit & Admin. 3 Juli2014 / July 3, 2014 • Pencalonan Soejanto Soetjijo • Nomination of Soejanto Soetjijo as sebagai Direktur Bank Sinarmas Director of Bank Sinarmas • Perubahan susunan anggota KRN • The changes of KRN members • Tindaklanjut keputusan rapat KRN compositions • Laporan HCM • Following-up result of KRN meeting • HCM report

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Tanggal / Date Agenda Rapat / Meeting Agenda

6 Oktober 2014 / October 6, 2014 • Pencalonan Frenky Tirtowijoyo Susilo • Nomination of Frenky T. Susilo as sebagai Direktur Bank Sinarmas Director of Bank Sinarmas • Penyempurnaan kebijakan KRN • Enhancement of KRN policies • Tindak lanjut keputusan Rapat KRN • Following-up result of KRN meeting • Perubahan struktur karyawan • The changes of employees structure

KOMITE GOOD CORPORATE GOVERNANCE KOMITE GOOD CORPORATE GOVERNANCE (GCG) (GCG) Komite GCG dibentuk guna membantu Dewan Komisaris Committee of GCG is assigned to assist the Board of dalam melakukan pengawasan tentang tata kelola perusahaan. Commissioners in monitoring the corporate governance.

Struktur dan Susunan Komite Remunerasi dan Nominasi Structure and Composition of Committee of Remuneration and Nomination Susunan anggota Komite GCG berdasarkan Surat Keputusan Composition of Committee of GCG members based on Decree No.043/2013/PRESDIR-CorSec&Corcomm tanggal 9 Oktober No.043/2013/PRESDIR-Corsec&Corcomm dated October 9, 2013 adalah sebagai berikut: 2013 are as follows:

Nama Posisi Periode Keahlian

• Ekonomi / Economic • Akuntansi / Accountant Agustus 2012 - sekarang / Sammy Kristamuljana Ketua / Head • Manajemen & Strategi Bisnis August 2012 - now / Management & Business Strategy • Ekonomi / Economic Desember 2012 - sekarang / Salis Teguh Hartono Wakil Ketua / Vice Head • Akuntansi / Accountant December 2012 - now • Manajemen / Management Agustus 2012 - sekarang / • Ekonomi / Economic Hanafi Himawan Anggota / Member August 2012 - now • Akuntansi / Accountant Oktober 2013 - sekarang / Purwanto Anggota / Member Hukum / Law October 2013 - now Agustus 2012 - sekarang / • Ekonomi / Economic Harri Setiabudi Anggota / Member August 2012 - now • Manajemen / Management Agustus 2012 - sekarang / Ketut Sanjaya Anggota / Member Perbankan / Banking August 2012 - now Agustus 2012 - Agustus • Komunikasi / Communication Rara Ajeng Pambudi Anggota / Member 2014 / August 2012 - August • Manajemen Governance / 2014 Management Governance

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Profil Komite GCG Profile of Committee of GCG Sammy Kristamuljana - Ketua Sammy Kristamuljana - Head Profil Ketua Komite GCG sudah disajikan dalam profil Dewan Profile of Head Committee of GCG has been presented in Komisaris. profile of Board of Commissioner.

Hanafi Himawan - Anggota Hanafi Himawan - Member Profil anggota Komite GCG ini sudah disajikan dalam profil Profile of Commitee of GCG member has been presented in Direksi. profile of Director.

Salis Teguh Hartono - Anggota Salis Teguh Hartono - Member Profil anggota Komite GCG ini sudah disajikan dalam profil Profile of Commitee of GCG member has been presented in Direksi. profile of Director.

Purwanto - Anggota Purwanto - Member Warga Negara Indonesia, 48 tahun. Bergabung dengan Bank Indonesian Citizen, age 48. Working in Bank Sinarmas since Sinarmas sejak 1995. Memperoleh gelar Sarjana Hukum dari 1995. Achieving Bachelor of Laws from University of Brawijaya Universitas Brawijaya pada tahun 1989. Mengawali karir in 1989. Starting his career as notary assistent in Notary Office sebagai asisten notaris di Kantor Notaris Triphosa Lili Ekadewi. of Triphosa Lili Ekadewi.

Harri Setiabudi - Anggota Harri Setiabudi - Member Warga Negara Indonesia, 47 tahun. Bergabung dengan Bank Indonesian Citizen, age 47. Working in Bank Sinarmas since Sinarmas sejak 1997. Memperoleh gelar Sarjana Ekonomi dari 1997. Achieving Bachelor of Economics from University of Universitas Pancasila. Mengawali karir di BDNI (Bank Dagang Pancasila. Starting his career in BDNI (Bank Dagang Nasional Nasional Indonesia). Indonesia).

Ketut Sanjaya - Anggota Ketut Sanjaya - Member Profil anggota Komite GCG ini sudah disajikan dalam profil Profile of Commitee of GCG member has been presented in anggota Komite Audit. profile of Audit Committee.

Rara Ajeng Pambudi - Anggota Rara Ajeng Pambudi Warga Negara Indonesia, 26 tahun. Bergabung dengan Bank Indonesian Citizen, age 26. Working in Bank Sinarmas since 2011. Memperoleh gelar Sarjana Komunikasi di Universitas 2011. Achieving Bachelor of Communication from University Atmajaya dan Magister Manejemen di Universitas Trisakti. of Atmajaya and Magister of Management from University of Trisakti.

Keanggotaan Komite GCG telah sesuai dengan yang Composition of GCG Committee has been in accordance with disyaratkan oleh Piagam Komite GCG. regulation of GCG Committee Charter.

Independensi Komite GCG Independency of GCG Committe Independensi Komite GCG telah memenuhi ketentuan Bank Independency of GCG Committee has been in accrodance with Indonesia tentang pelaksanaan GCG dan Piagam Komite GCG regulation of Bank Indonesia regarding the implementation of antara lain: GCG and GCG Committee Charter, such as:

Annual Report 2014 | PT. BANK SINARMAS Tbk. 355 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

No Nama Name Kriteria / Criteria

Tidak memiliki Tidak memiliki Tidak memiliki Tidak memiliki 1 Sammy Kristamuljana hubungan hubungan hubungan kepemilikan hubungan keluarga keuangan dengan kepengurusan dengan saham dengan anggota dengan anggota anggota Dewan anggota Dewan Dewan Komisaris, Dewan Komisaris, Komisaris,Direksi, Komisaris, Direksi, Direksi, dan/atau 2 Salis Teguh Hartono Direksi, dan/atau dan/atau Pemegang dan/atau Pemegang Pemegang Saham Pemegang Saham Saham Pengendali Saham Pengendali Pengendali atau Pengendali atau atau hubungan atau hubungan hubungan dengan 3 Hanafi Himawan hubungan dengan dengan Bank, yang dengan Bank, yang Bank, yang dapat Bank, yang dapat dapat mempengaruhi dapat mempengaruhi mempengaruhi mempengaruhi kemampuannya untuk kemampuannya untuk kemampuannya untuk kemampuannya untuk 4 Purwanto bertindak Independen. bertindak independen. bertindak independen. / bertindak independen./ / No financial relations / No organizational No shares relations No family ties with with relations with with members members of Board members of Board of members of Board of of Board of 5 Harri Setiabudi of Commissioners, Commissioners, Commissioners, Commissioners, Directors, and/ Directors, and/ Directors, and/ Directors, and/ or Shareholders or Shareholders or Shareholders or Shareholders Controller, or 6 Ketut Sanjaya Controller, or Controller, or Controller, or relations with Bank, relations with Bank, relations with Bank, relations with Bank, that that can influence his that can influence his that can influence his can influence his ability ability to act ability to act ability to act to act 7 Rara Ajeng Pambudi independently. independently. independently. independently.

Tugas dan Tanggung Jawab Duties and Responsibilities Tugas dan tanggung jawab Komite GCG meliputi namun tidak The duties and responsibilities of GCG Committee include but terbatas pada: are not limited to: 1. Memberi masukan yang diperlukan Dewan Komisari dalam 1. Provide opinions needed for the Board of Commissioners in memelihara dan/atau meningkatkan kualitas pelaksanaan maintaining and/or improving GCG implementation quality. GCG. 2. 2. Memantau penerapan 5 (lima) prinsip-prinsip dasar GCG 3. Monitoring 5 (five) implementation of GCG basic principles dalam setiap kegiatan usaha Bank. in every Bank’s business activities. 3. Memberi masukan dalam pembuatan laporan pelaksanaan 4. Provide opinions to GCG implementation revised report GCG baik untuk internal maupun eksternal. making for internal and external purpose. 4. Memberi masukan dalam pembuatan revisi laporan 5. Provide opinions to GCG implementation revised report pelaksanaan GCG berupa rencana tindak (action plan) making in a form of action plan, if the evaluation from apabila berdasarkan hasil evaluasi Bank Indonesia dianggap Bank Indonesia is considered to be unsuitable to the real tidak sesuai dengan kondisi Bank yang sebenarnya. condition of Bank. 5. Memberi masukan terhadap hasil pemeriksaan Bank 6. Provide opinions to the investigation result of Bank Indonesia berupa temuan-temuan di bidang GCG. Indonesia regarding to the findings of GCG field.

Laporan Singkat Pelaksanaan Tugas Komite GCG Brief Report of Duties Implementation of GCG Committe Selama 2014, Komite GCG telah melakukan kegiatan serta Throughout 2014, GCG Committee had conducted several memberikan rekomendasi-rekomendasi kepada Dewan activities and gave recommendations to Board of Commissioners Komisaris terkait laporan pelaksanaan GCG, antara lain: related to repor of GCG implementation, such as: 1. Evaluasi laporan pelaksanaan GCG tahun 2014. 1. Evaluating report of GCG implementation year 2013. 2. Rancangan pedoman GCG dan GCG self assessment. 2. Draft of GCG guideline and GCG self assessment. 3. Self Assessment dilakukan berdasarkan pada 11 faktor 3. Self Assessment is conducted based on 11 (eleven) factors of penilaian pelaksanaan GCG serta mencerminkan 3 aspek GCG implementation assessment that reflect 3 governance governance (governance structure, governance process, aspects (governance structure, governance process, and dan governance outcome). governance outome).

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

4. Melakukan koordinasi dengan Kantor Akuntan Publik 4. Coordinating with Public Accountant Firm to represent untuk mempresentasikan dan memberikan tanggapan atas and response performance of Bank Sinarmas Financial kinerja laporan keuangan Bank Sinarmas secara triwulan Statement quarterly in Directors’ meeting/Directors and dalam rapat direksi/rapat Direksi dengan Dewan Komisaris. Board of Commissioners meeting.

Frekuensi dan Tingkat Kehadiran Rapat Komite GCG Frequency and Attendance List of GCG Commitee Meeting Komite GCG telah menyelenggarakan rapat sebanyak 4 GCG Committee meeting have held 4 (four) meetings chaired kali yang dipimpin oleh ketua yang seluruh hasil rapatnya by the Head of Committee in which the decision made by diputuskan berdasarkan musyawarah mufakat dan dituangkan consensus agreement and written-transformed in Minutes of secara tertulis ke dalam risalah rapat serta didokumentasikan Meeting, and well-documented to provide recommendations dengan baik guna memberikan rekomendasi kepada Dewan to Board of Commissioners Komisaris.

Kehadiran Rapat Meeting Attendance

No. Nama Jabatan Frekuensi Kehadiran Persentase

1 Sammy Kristamuljana Ketua / Head 4/4 100% 2 Hanafi Himawan Anggota / Member 4/4 100% 3 Salis Teguh Hartono Anggota / Member 4/4 100% 4 Purwanto Anggota / Member 4/4 100% 5 Harri Setiabudi Anggota / Member 4/4 100% 6 Ketut Sanjaya Anggota / Member 4/4 100% 7 Rara Ajeng Pambudi* Anggota / Member 0/0 -

Keterangan: *) bergabung dengan Komite GCG sejak Februari 2015 Description: *) Working as GCG Committee since February 2015

Agenda Rapat Komite GCG Meeting Agenda of GCG Commitee Tanggal / Date Agenda Rapat / Meeting Agenda

10 Januari 2014 / January 10, 2014 • Laporan pertanggungjawaban Komite GCG tahun 2013 / Accountability report of GCG Committee year 2013 • Rencana Kerja Komite GCG tahun 2014 / Working Plan of GCG Committee year 2014 5 Februari 2014 / February 5, 2014 Hasil audit internal tahun 2013 / Result of internal audit year 2013 21 Maret 2014 Tata kelola perusahaan / Corporate Governance 4 April 2014 Evaluasi laporan pelaksanaan GCG tahun 2013 / Report evaluation of GCG implementation year 2013

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

KOMITE-KOMITE DI BAWAH Committees Under board of direksi directors

KOMITE-KOMITE DI BAWAH DEWAN DIREKSI / Committees under the Directors

ASSET & LIABILITY KOMITE KOMITE KOMITE MANAGEMENT INFORMATION HUMAN CAPITAL KOMITE MANAJEMEN COMMITTEE (ALCO) TECHNOLOGY MANAGEMENT (HCM) KREDIT / Credit RISIKO / Risk / Asset & Liability / Information / Human Capital Committee Management Committee Management Technology Committee Management (HCM) Committee (ALCO) Committee

ASSET & LIABILITY MANAGEMENT COMMITTEE ASSET & LIABILITY MANAGEMENT COMMITTEE (ALCO) (ALCO) ALCO adalah komite di bawah Direksi dengan misi mencapai ALCO is a committee under Board of Directors with mission of tingkat profitabilitas Perseroan yang optimal serta risiko achieving company’s optimum profitability likuiditas, risiko suku bunga, dan risiko valuta asing yang level along with liquidity risk, interest rate risk, and controlled terkendali, melalui penetapan kebijakan dan strategi aset dan foreign exchange risk, through the determination of policies pasiva Perseroan (assets and liabilities management). and strategies upon assets and liabilities management

Fungsi Pokok ALCO antara lain: ALCO main functions are as follows: • Menetapkan suku bunga deposito, tabungan, dan giro. • Determining deposits interest rate, saving, and giro. • Menetapkan suku bunga pinjaman. • Determining loan interest rate. • Menetapkan strategis pendanaan dan investasi. • Determining investment and funding strategy. • Menetapkan strategi hedging apabila dipandang perlu • Determining hedging strategy if needed. melakukan hedging. • Determining the related limit towards liquidity risk, interest • Menetapkan limit yang berkaitan dengan risiko likuiditas, rate risk, and foreign exchange risk according to the overall risiko suku bunga, dan risiko valuta asing sesuai kebijakan risk taken policies. pengambilan risiko secara keseluruhan.

Wewenang Komite berada pada Rapat Komite yang sah dan Committee authorities belong to the lgal Committee Meeting memiliki kekuatan penuh atas tanggung jawab Direksi. Komite and hold an absolute authority on the responsibilities of Board mempunyai wewenang untuk mengambil keputusan strategis of Directors. Committee owns authorities to take strategic di bidang pengelolaan aset dan pasiva Perseroan (assets and decisions in company’s asset and liabilities management as long liabilities management) sejauh tidak melampaui wewenang as it does not exceed the authorities of Board of Directors, such Direksi, seperti: as: • Menetapkan suku bunga deposito, tabungan, dan giro. • Determining deposits interest rate, saving, and giro. • Menetapkan suku bunga pinjaman. • Determining loan interest rate. • Menetapkan strategi pendanaan dan investasi. • Determining investment and funding strategy. • Menetapkan strategi hedging apabila dipandang perlu • Determining hedging strategy if needed. melakukan hedging. • Menetapkan limit yang berkaitan dengan risiko likuiditas, • Determining the related limit towards liquidity risk, risiko suku bunga, dan risiko valuta asing sesuai kebijakan interest rate risk, and foreign exchange risk according to the pengambilan risiko secarakeseluruhan overall risk taken policies.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Selama 2014, ALCO telah menyelenggarakan 12 kali rapat yang In 2014, ALCO held 4 (four) meetings chaired by the Head dipimpin oleh ketua yang seluruh hasil rapatnya diputuskan of Committee in which the decision made by consensus berdasarkan musyawarah mufakat dan dituangkan secara agreement and written-transformed in Minutes of Meeting, tertulis ke dalam risalah rapat serta didokumentasikan dengan and well-documented to provide recommendations to the baik guna memberikan rekomendasi kepada Direksi. Directors.

Agenda Rapat ALCO ALCO Meeting Agenda

Tanggal / Date Agenda Rapat / Meeting Agenda

Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 23 Januari 2014 / January 23, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 24 Februari 2014 / February 24, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 27 Maret 2014 / March 27, 2014 rate outlook./ Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 23 April 2014 / April 23, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 21 Mei 2014 / May 21, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 18 Juni 2014 / June 18, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 22 Juli 2014 / July 22, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 26 Agustus 2014 / August 26, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 19 September 2014 / September 19, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 22 Oktober 2014 / October 22, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest 19 November 2014 / November 19, 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook. Pembahasan asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest Desember 2014 / December 2014 rate outlook. / Discussion of asset, liability, liquidity, income structure, cost structure, pricing strategy, market dan interest rate outlook.

KOMITE KREDIT KORPORASI Company’s Credit Committee Berdasarkan Surat Keputusan No. SK 023/2014/DIR6- Based on Decree No. 023/2014/DIR6-CA dated November 26, CA tertanggal 26 November 2014 tentang Susunan dan 2014 regarding the Structure and Authorities of Bank Sinarmas Wewenang Memutus Untuk Komite Kredit Corporate, diatur Credit Committee, the provision and determination are as ketentuan pemberian dan pemutusan fasilitas, seperti : follows: • Kredit baik baru maupun existing, tunai dan non-tunai • New credit, both new and existing, cash and non-cash • Money Market Line • Money Market Line • Forex Line • Forex Line • Back to Back • Back to Back

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Selama 2014, Komite kredit tidak menyelengarakan rapat During 2014, Credit Committee did not hold meeting in person, secara fisik, namun seluruh pengambilan keputusan dilakukan but decision-making is conducted circularly. secara sirkuler.

KOMITE INFORMATION TECHNOLOGY Information Technology Committee Komite ini dibentuk untuk memastikan penerapan sistem The committee is established to ensure the information teknologi informasi sinergi dengan strategi Perseroan. Komite IT technology system implementation is in line with Company’s bertujuan untuk meningkatkan keunggulan bersaing Perseroan strategies. Information technology committee is designated melalui pemanfaatan teknologi informasi yang tepat guna. to improve the excellency of Company’s competitiveness Berdasarkan SK No. 036/2013/PRESDIR-IT tanggal 2 September through accurate information technology utilization. Based 2013, tugas dan tanggung jawab Komite IT antara lain: on Decree SK No.036/2013/PRESDIR-IT on September 2, 2013, the duties and responsibilities of IT Committee, are as follows: • Memantau, mempelajari, dan mengevaluasi secara terus • Monitorng, analyzing and evaluating continuously the menerus perkembangan teknologi sistem informasi dan developments of information technology systems and meminimalkan risiko atas investasi Perseroan pada sektor minimizing the risk of the bank investment in Information teknologi informasi. Technology sector. • Secara strategis mengevaluasi aspek penyelenggaraan • Strategically evaluating aspects of the implementation teknologi sistem informasi Perseroan termasuk pemantauan, of the Bank IT systems including monitoring, assessing, penilaian, peningkatan terhadap kinerja operasionalnya. improving its operational performance. • Mengambil langkah-langkah yang dianggap perlu untuk pengembangan, perbaikan, dan kebijakan serta mengambil • Taking necessary steps for development, improvement and keputusan-keputusan yang berkaitan dengan teknologi policies as well as making decisions related to information sistem informasi. technology systems. • Melakukan evaluasi dan menyetujui pengadaan perangkat • Evaluating and approving procurements of software and lunak dan perangkat keras. hardware • Melakukan upaya penyelesaian berbagai masalah terkait • Undertaking effective, efficient and timely efforts to resolve teknologi informasi, yang tidak dapat diselesaikan oleh various issues related to information technology, which satuan kerja pengguna dan penyelenggara, secara efektif, cannot be resolved by users and providers efisien, dan tepat waktu.

Selama 2014, Komite IT telah menyelenggarakan rapat sebanyak In 2014, IT Committee held 5 (five) meetings chaired by the 5 kali yang dipimpin oleh ketua yang seluruh hasil rapatnya Head of Committee in which the decision made by consensus diputuskan berdasarkan musyawarah mufakat dan dituangkan agreement and written-transformed in Minutes of Meeting, secara tertulis ke dalam risalah rapat serta didokumentasikan and well-documented to provide recommendations to the dengan baik guna memberikan rekomendasi kepada Direksi. Directors.

Agenda Rapat Komite IT IT Comittee Meeting Agenda

Tanggal / Date Agenda Rapat / Meeting Agenda

30 April 2014 / April 30, 2014 • IT Strategic Plan • Network Issue • Server & Storage Capacity Usage 14 Mei 2014 / May 14, 2014 • Presentasi IT Strategic Plan 2014-2018 / Presentation of IT Strategic Plan 2014-2018 • Presentasi Penawaran Pendampingan PMO &IT Governance Project / Presentation of Appointment Offering of PMO &IT Governance Project • Capacity Planning

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Tanggal / Date Agenda Rapat / Meeting Agenda

12 Juni 2014 / June 12, 2014 • Project Card Switching Replacement • Presentasi Enterprise Datawarehouse & Business Intelligance / Presentation of Enterprise Datawarehouse & Business Intelligance 27 Agustus 2014 / August 27, 2014 • Progress Capacity Planning • Project Enterprise Data warehouse & Business Intelligance • Waktu Pelaksanaan Proses COB / Time of COB Process 19 November 2014 / November 19, • EDW/BI 2014 • Realtime Transaction Date • Testing DRP (Switchover DC-DRC)

KOMITE MANAJEMEN RISIKO Risk Management Committee Komite Manajemen Risko merupakan komite yang berada di Risk Management Committee is a committee in position on tingkat eksekutif, yang bertanggung jawab melakukan evaluasi executive level, responsible to conduct evaluation towards risk terhadap laporan profil risiko, mengevaluasi metodologi profiles report, evaluates risk methodology and determines risiko serta menentukan strategi untuk memitigasi dan strategy to mitigate and control certain risks. mengendalikan risiko-risiko tertentu.

Berdasarkan Surat Keputusan No. SK.015/2013/PRESDIR- Based on Decree No. 015/2013/PRESDIR-CorpSec dated April CorpSec tanggal 17 April 2013 tentang Perubahan Susunan, 17, 2013, the duties and responsibilities of Risk Management Wewenang dan Tanggung Jawab Komite Manajemen Risiko, Committee is to provide recommendations to President Director wewenang dan tanggung jawabnya adalah melakukan evaluasi related to Risk Management at least including: dan memberikan rekomendasi kepada Direktur Utama terkait Manajemen Risiko yang paling kurang meliputi: • Formation of Risk Management policy and its changes, • Penyusunan kebijakan manajemen risiko serta including the Risk Management strategy, the level of risk perubahannya, termasuk tingkat risiko yang diambil, taken and risk tolerance, Risk Management frameworks as toleransi risiko, strategi manajemen risiko dan contingency well as contingency plans to anticipate abnormal conditions. plan apabila terjadi kondisi eksternal tidak normal terjadi. The formation is purposed to be conducted altogether with Penyusunan dimaksud dilakukan bersama-sama dengan operational work unit leaders and SKMR leaders. pimpinan satuan kerja operasional dan pimpinan Satuan Kerja Manajemen Risiko (SKMR). • Completion of the Risk Management process periodically • Perbaikan atau penyempurnaan penerapan manajemen and incidental as a result of a change in the Bank external risiko yang dilakukan secara berkala maupun bersifat and internal conditions affecting the Bank’s capital insidentil sebagai akibat dari suatu perubahan kondisi adequacy, risk profile, and evaluation result upon the eksternal dan internal Bank yang mempengaruhi kecukupan affectivity of the application. permodalan dan profil risiko Bank dan hasil evaluasi terhadap efektifitas penerapan tersebut. • Determination of policies and/or business decisions deviating • Penetapan (justification) atas hal-hal yang terkait dengan from normal procedures (irregularities), such as decision keputusan-keputusan bisnis yang menyimpang dari that exceeds significant business expansion compared to prosedur normal (irregularities), seperti keputusan business plan determined previously or position/exposure- pelampauan ekspansi usaha yang signifikan dibandingkan making that exceeds the determined limitation. dengan rencana bisnis Bank yang telah ditetapkan sebelumnya atau pengambilan posisi/eksposur risiko yang melampaui limit yang telah ditetapkan.

Selama 2014, Komite Manajemen Risiko telah menyelenggarakan In 2014, Risk Management Committee held 4 (four) meetings rapat sebanyak 4 (emapat) kali yang dipimpin oleh ketua yang chaired by the Head of Committee in which the decision made seluruh hasil rapatnya diputuskan berdasarkan musyawarah by consensus agreement and written-transformed in Minutes of

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Group Head

Operational Risk Audit & Credit Risk Audit Special Case Division Head Division Head

Operational Risk Brenches Branches Coordinator Credit Risk Audit Audit & Special Case Coordinator Department Head Department Head Department Head Department Head

Branches Branches Branches Branches Branches Branches Operation Risk Coordinator Coordinator Coordinator Credit Risk Audit Coordinator Coordinator Coordinator Audit & Special Section Head Section Head Section Head Section Head Section Head Section Head Section Head Case Section Head (Regional 1) (Regional 4) (Regional 5) (Regional 8) (Regional 11) (Regional 12)

Head Office Branch Branch Branch Head Office Branch Branch Branch Auditor Auditor Auditor Auditor Auditor Auditor Auditor Auditor

mufakat dan dituangkan secara tertulis ke dalam risalah Meeting, and well-documented to provide recommendations rapat serta didokumentasikan dengan baik guna memberikan to the Directors. rekomendasi kepada Direksi.

Agenda Rapat Komite Manajemen Risiko Risk Management Committee Meeting Agenda

Tanggal Agenda Rapat

21 Januari 2014 / January 21, 2014 • Penilaian Profil Risiko Triwulan IV/2013 / Assessment of Risk Profile Quarter IV/2013 17 April 2014 / April 17, 2014 • Penilaian Profil Risiko Triwulan I/2014 / Assessment of Risk Profile Quarter I/2014 21 Juli 2014 / July 21, 2014 • Penilaian Tingkat Kesehatan Bank Semester I/20 / Assessment of Bank Health Level Semester I/20 • 14 serta Profil Risiko Triwulan II/2014 / 14 serta Profil Risiko Triwulan II/2014 20 Oktober 2014 / October 20, • Penilaian Profil Risiko Triwulan III/2014 / Assessment of Risk Profile Quarter III/2014 2014

KOMITE HUMAN CAPITAL MANAGEMENT Human Capital Management Committee (HCM) (HCM) Dasar pembentukan Komite Human Capital Management The foundation of HCM Committee establishment is based on adalah berdasarkan Surat Keputusan Direksi No. SK.961/2013/ Directors Decree No.SK.961/2013/DIR6-HCM dated June 13, DIR6-HCM tanggal 13 Juni 2013 tentang Susunan dan 2013 regarding the Composition and Authorities of Human Wewenang Human Capital Committee, yang diketuai oleh Capital Committee, chaired by President Director. The duties Direktur Utama. Tugas dan tanggung jawab Komite HCM and responsibilities of HCM Committee are to determine adalah memutuskan promosi, mutasi, demosi, untuk karyawan promotion, mutation, demotion, for employees in equal dengan jabatan setara Departement Head atau jabatan yang position to Head Department and above. lebih tinggi.

Selama 2014, Komite HCM tidak menyelenggarakan rapat During 2014, HCM Committee did not hold meetings in person, secara fisik namun seluruh pengambilan keputusan dilakukan but decision-making was conducted circularly. secara sirkuler.

362 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Treasury & International Banking APMK, E-channel & IT Risk Audit Risk Audit Division Head Division Head

Treasuy & Int'l Branches APMK, E-channel & Branches Audit Development Banking Risk Audit Coordinator IT Risk Audit Coordinator & Quality Assurance Department Head Department Head Department Head Department Head Department Head

Branches Branches Branches Branches Branches Branches Audit Treasuy & Int'l APMK, E-channel & Coordinator Coordinator Coordinator Syariah Coordinator Coordinator Coordinator Development Banking Risk Audit IT Risk Audit Section Head Section Head Section Head Section Head Section Head Section Head Section Head Quality Assurance Section Head Section Head (Regional 3) (Regional 7) (Regional 10) (Regional 2) (Regional 6) (Regional 9) Section Head

Head Office Branch Branch Branch Branch Head Office Branch Branch Branch Head Office Auditor Auditor Auditor Auditor Auditor Auditor Auditor Auditor Auditor Auditor

SATUAN KERJA AUDIT INTERNAL INTERNAL AUDIT WORK UNIT (SKAI) (SKAI)

SATUAN KERJA AUDIT INTERNAL BANK INTERNAL AUDIT WORK UNIT Satuan Kerja Audit Internal (SKAI) adalah fungsi independen Internal Audit Unit (SKAI) is an independent function that yang bertanggung jawab langsung kepada Direktur Utama reports directly to the Managing Director and Board of dan Dewan Komisaris melalui Komite Audit. SKAI berfungsi Commissioners through the Audit Committee. Internal Audit memberikan assurance dan berperan sebagai strategic business function is to provide assurance and serve as a strategic business partner bagi semua tingkatan manajemen guna mendorong partner for all levels of management in order to encourage pencapaian tujuan dan sasaran bank dengan melakukan the achievement of the goals and objectives of the bank to evaluasi berdasarkan risk based audit secara independen dan evaluate risk based audit independently and objectively, as well objektif, serta jasa konsultasi bagi pihak intern bank. as consulting services for the internal bank.

Struktur Organisasi dan SDM SKAI Organization Structure and HR SKAI dipimpin oleh Darwanti Juliastuti Haryo. Kepala SKAI Internal Audit (Internal Audit) led by Darwanti Juliastuti Haryo. diangkat dan diberhentikan oleh Direktur Utama dengan Head of Internal Audit is appointed and dismissed by the persetujuan Dewan Komisaris/Komite Audit dan dilaporkan Managing Director with the approval DewanKomisaris / Audit kepada regulator. Committee and reported to the regulator.

Struktur organisasi SKAI Bank Sinarmas dapat dilihat pada Sinarmas Bank Internal Audit organizational structure can be bagan di atas ini. seen in the above chart:

Untuk mendukung independensi dan menjamin kelancaran In order to support the independency and ensure the smooth audit serta wewenang dalam memantau tindak lanjut, maka audit process, as well as the authority to monitor the follow-up Kepala Internal Audit dapat berkomunikasi langsung dengan action, the Head of Internal Audit can directly communicate Dewan Komisaris atau Komite Audit untuk menginformasikan with the Board of Commissioners or Audit Committee to berbagai hal yang berhubungan dengan audit. Oleh sebab itu, inform various matters related to audit. Therefore, Internal SKAI telah mendapat dukungan dari Manajemen dan Dewan Audit has gained support from the Management and the

Annual Report 2014 | PT. BANK SINARMAS Tbk. 363 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Komisaris sehingga SKAI tidak mendapat hambatan dalam Board of Commissioners, thus the Internal Audit does not face melakukan pekerjaannya. disruption in conducting its activity.

Profil Darwanti Juliastuti Haryo - Ketua Audit Internal Profile of Darwanti Juliastuti Haryo - Head of Internal Audit

Darwanti Juliastuti

Warga Negara Indonesia, 45 tahun. Indonesian Citizen, 45 years old. She Menjabat sebagai Kepala Audit Internal served as head of Internal Audit since sejak 1 Januari 2011 sebagaimana January 1, 2011 pursuant to Decree of Surat Keputusan PT. Bank Sinarmas PT. Bank Sinarmas Tbk. No. SK.012/2011/ Tbk. Nomor SK.012/2011/PRESDIR- PRESDIR-HRM dated December 28, HRM tanggal 28 Desember 2010 dan 2010 and reported to Bank Indonesia telah dilaporkan kepada Bank Indonesia with letter No. SKL.002/2011/PRESDIR- dengan surat No.SKL.002/2011/PRESDIR- CorpSec dated January 3, 2011. CorpSec tanggal 3 Januari 2011.

Mengawali karir di Bank Sinarmas mulai 2004 sebagai Divison In 2004, she started her career at Bank Sinarmas as Division Head Satuan Kerja Audit Internal (SKAI) hingga September Head of Internal Audit Work Unit (SKAI) until September 2005 2005, kemudian dilanjutkan sebagai Kepala Grup (Group prior to be appointed as Group Head of Risk Management Work Head) Satuan Kerja Manajemen Risiko sejak Oktober 2005 Unit from October 2005 up to December 2010. She obtained hingga Desember 2010. Meraih gelar Sarjana Ekonomi dari Bachelor of Economics degree from Faculty of Economics, Fakultas Ekonomi Universitas Indonesia jurusan Akuntansi pada Accounting major in 1994 and Master of Management, Risk 1994 dan Magister Manajemen jurusan Manajemen Risiko Management major in 2007 from University of Indonesia, as pada 2007 dari Universitas Indonesia, serta memiliki sertifikasi well as having BSMR Level 5 certification. In addition to formal BSMR Level 5. Selain pendidikan formal, Beliau juga mengikuti education, she attended trainings and seminars such as Bank sejumlah pelatihan dan seminar diantaranya, Konferensi Ikatan Internal Auditor Association (IAIB) Conference 2014 in Belitung Auditor Intern Bank (IAIB) di Belitung 2014, Business Continuity and Business Continuity Management Training Program 2014 Management Training Program di Jakarta pada 2014. in Jakarta.

Jumlah dan kualifikasi jabatan personil audit internal per posisi The number and qualification of internal audit personnel as of 31 Desember 2014, dapat dilihat pada tabel berikut: December 31, 2014 are in the following table:

No Keterangan / Description S2 S1 Jumlah / Number

1 Kepala SKAI / Head of SKAI 1 - 1 2 Kepala Divisi / Division Head - 4 4 3 Kepala Departemen / Department Head - 8 8 4 Kepala Seksi / Section Head - 12 12 5 Auditor / Auditor 6 130 136 Jumlah / Total 7 154 161

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Sertifikasi Certification Untuk meningkatkan profesionalisme dan kompetensi secara In order to improve the professionalism and competence on berkesinambungan, SKAI telah melaksanakan serangkaian an ongoing basis, Internal Audit has implemented a series program pelatihan teknis dan sertifikasi profesi bagi para of technical training programs and professional certification auditor, termasuk pelatihan soft-skills. Adapun sertifikasi profesi for auditors, including soft-skills training. The professional yang telah diikuti oleh SKAI adalah Sertifikasi Manajemen Risiko certification that has been followed by the Internal Audit Unit is level 1 sampai level 5 sebanyak 25 orang. Risk Management Certification level 1 to level 5 of 25 people.

Kedudukan dan Hubungan SKAI dalam Organisasi SKAI Position and Relationship In Organization SKAI harus mendapat dukungan dari manajemen dan Dewan Internal Audit Unit shall have the support of management and Komisaris agar para auditor dapat memeroleh kerja sama dari the Board of Commissioners that the auditor can obtain the auditee dan melakukan pekerjaan tanpa hambatan. Kedudukan cooperation of the auditee and do the job without a hitch. SKAI dalam organisasi Bank Sinarmas adalah sebagai berikut: Position Internal Audit in Banks Sinarmas organization are as follows:

Board Of Commissioners

Audit Committee

President Director

Compliance Director

SKAI Group Head

Tugas dan Tanggung Jawab SKAI Duties and Responsibilities Berdasarkan Peraturan Bank Indonesia No. 1/6/PBI/1999 Pursuant to Bank Indonesia Regulation No. 1/6/PBI/1999 on the tentang Penugasan Direktur Kepatuhan (Compliance Director) Assignment of Compliance Director and Internal Audit Function dan Penerapan Standar Pelaksanaan Fungsi Audit Intern Bank Implementation Standards for Public Bank (SPFAIB), SKAI has Umum (SPFAIB), tugas dan tanggung jawab SKAI adalah the following duties and responsibilities: sebagai berikut: • SKAI bertugas dan bertanggung jawab untuk membantu • SKAI is responsible to support the tasks of Managing tugas Direktur Utama dan Dewan Komisaris dalam Director and Board of Commissioners in supervising melakukan pengawasan dengan cara menjabarkan secara planning, implementation, and audit result monitoring with operasional baik perencanaan, pelaksanaan, maupun operational descriptions; pemantauan hasil audit. • Melakukan analisis dan penilaian di bidang keuangan, • Analyze and assess financial, accounting, operational and akuntansi, operasional dan kegiatan lainnya melalui other activity fields through onsite and off-site investigations; pemeriksaan secara langsung (on-site) dan pemantauan secara tidak langsung (off-site). • Mengindentifikasi segala kemungkinan untuk memperbaiki • Identify all possibilities to recover and improve the efficiency dan meningkatkan efesiensi penggunaan sumber daya dan of resources and fund utilization; dana. Annual Report 2014 | PT. BANK SINARMAS Tbk. 365 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

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• Memberikan informasi dan saran perbaikan yang objektif • Provide information and objective recovery advice over tentang kegiatan yang direview kepada semua tingkatan reviewed activities to all management levels. manajemen.

Hubungan SKAI dengan Unit-Unit Lain Relationship with Other Units

Unit Keterangan / Description

Dewan Komisaris SKAI memiliki hubungan langsung dengan Dewan Komisaris atau melalui Komite Audit yang diketuai Komisaris / Board of Independen. Tanggung jawab akhir pengawasan ada pada Dewan Komisaris. Dalam hubungan ini, Dewan Komisaris Commissioners berwenang untuk meminta Direksi menindaklanjuti hasil temuan pemeriksaan SKAI. / The Internal Audit Work Unit has direct connection to the Board of Commissioners or through the Audit Committee chaired by an Independent Commissioner. The Board of Commissioners is in charge of final supervisory. In this relation, the Board of Commissioners is responsible to ask Directors to follow up findings of the Internal Audit Work Unit. Direktur Utama / Kepala SKAI bertanggung jawab langsung kepada Direktur Utama. SKAI menyampaikan laporannya kepada Direktur President Director Utama dan Dewan Komisaris/Komite Audit dengan tembusan kepada Direktur Kepatuhan. / The head of the Internal Audit Work Unit is directly responsible to the President Director. The Internal Audit Work Unit submits its report to the President Director and the Board of Commissioners/Audit Committee with a copy forwarded to the Compliance Director. Komite Audit / Audit SKAI setiap saat dapat berkomunikasi dan memiliki akses yang tidak terbatas kepada Komite Audit untuk Committee menginformasikan berbagai hal yang berhubungan dengan hasil audit. Komite Audit akan melakukan evaluasi apakah rekomendasi perbaikan yang disampaikan oleh SKAI telah ditindaklanjuti oleh manajemen. Informasi ini harus disampaikan kepada Direktur Utama./ The Internal Audit Work Unit is able to communicate at any time and has no limit access to the Audit Committee to submit information related to auditing results. The Audit Committee will further evaluate whether the Internal Audit Work Unit’s recommendation for improvement has been followed-up by the management. The information must be submitted to the President Director. Direktur Kepatuhan / Laporan audit yang disampaikan SKAI kepada Direktur Utama dan Dewan Komisaris/Komite Audit, diberikan Compliance Director tembusannya kepada Direktur Kepatuhan antara lain dimaksudkan untuk dijadikan sebagai informasi dalam rangka penyempurnaan prosedur kepatuhan yang ada di setiap unit kerja. / The Compliance Director receives a forwarded copy of the Audit report submitted by the Internal Audit Work Unit to the President Director and the Board of Commissioners/Audit Committee, and uses it as information to improve compliance procedures existing in each work unit. Auditee / Auditee Auditee berkewajiban untuk bersikap kooperatif demi kelancaran tugas SKAI, dan segera menindaklanjuti hasil temuan pemeriksaan SKAI serta memberikan komitmen untuk melakukan perbaikan dalam batas waktu tertentu. Dalam hal auditee tidak bersikap kooperatif dan tidak melakukan tindak lanjut perbaikan sesuai dengan komitmen yang telah disepakati, akan diberikan sanksi sesuai dengan peraturan perusahaan yang berlaku. / The Auditee has to be cooperative to support duties of the Internal Audit Work Unit and to follow-up audit findings as well as committed to carry out improvement in a certain frame of time. Should the Auditee is not co-operative or a follow-up audit finding as it was approved, there will be sanctions suiting the existing company’s regulation. Auditor Eksternal / SKAI bertanggung jawab untuk mengkoordinasikan kegiatannya dengan kegiatan Auditor Ekstern sehingga tercipta External Auditor kerja sama yang saling mengisi dengan maksud agar kegiatan audit masing-masing pihak dapat terselenggara secara efisien dengan cakupan audit yang optimal. / The Internal Audit Work Unit is responsible to coordinate its activity to the activity of the External Auditor to create synergy, so that auditing activities of the respective party can be optimized and efficient.

Independensi SKAI SKAI Independency Berdasarkan Piagam Audit Internal yang ditetapkan pada 8 Based on the Act of Internal Audit published in January 8th, Januari 2013, independensi SKAI adalah sebagai berikut: 2013, the Internal Audit Work Unit’s Independency is as follows: • SKAI tidak boleh memiliki kepentingan atas objek atau • Internal Audit Work Unit must not own personal kegiatan yang diaudit. • SKAI tidak boleh mempunyai wewenang atau tanggung • interest upon audited materials or activities. jawab untuk melaksanakan kegiatan-kegiatan operasional • Internal Audit Work Unit must not own authority or dari auditee. responsibility to conduct operational activities from the • SKAI harus menahan diri dari menilai kegiatan yang auditee. sebelumnya menjadi tanggung jawabnya. • Internal Audit Work Unit restrains every assessment under

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• Auditor intern yang pernah terlibat aktif dalam his previous responsibilities. pengembangan sistem (in the system development life cycle) • Actively-involved internal auditor in the system development harus menahan diri dari audit terhadap sistem tersebut. life cycle restrains from current audit on the system. • Auditor intern tidak melakukan penugasan audit dalam tiga • Internal auditor do not conduct audit assignation in three tahun berturut-turut terhadap auditee yang sama. executive years to the same auditee.

Realisasi Audit Plan 2014 Audit Plan 2014 Realization Sesuai dengan Rencana Kerja SKAI pada 2014, SKAI telah Pursuant to SKAI Work Plan in 2014, SKAI conducted the melaksanakan program kerja sebagai berikut : following work program:

1. 41 Kantor Cabang dan 23 Divisi/Unit Kerja dilakukan 1. Annual examination on 41 Branch Offices and 23 Work pemeriksaan tahunan Divisions/Units 2. Surprise audit pada 13 kantor Bank Sinarmas 2. Surprise audit at 13 offices 3. On the spot audit pada 123 kantor Bank Sinarmas 3. On-the-spot audit at 123 offices 4. Kaji ulang oleh pihak ekstern yaitu KAP Sriyadi Elly & Rekan 4. Review by external party, namely Public Accounting Firm pada Mei 2014 (KAP) Sriyadi Elly & Rekan on May 2014

Atas pemeriksaan yang telah dilakukan SKAI selama 2014, Several follow-ups were generated from the examination, tindaklanjutnya antara lain : namely: 1. Merekomendasikan kepada Manajemen untuk melakukan 1. Provide recommendations to Management in implementing sosialisasi maupun edukasi untuk meningkatkan socialization and education to improve the officers’ pemahaman petugas terhadap alur kerja unit kerja, understanding towards work units work flow, existing ketentuan yang ada, hingga setiap kemungkinan risiko regulations, to each possibility of risk arising in every task yang terjadi pada setiap tugas dan tanggung jawab unit and responsibility of work units. kerja. 2. Menyampaikan laporan hasil pemeriksaan kepada 2. Deliver investigation result report to Management in the Manajemen dalam bentuk laporan Excecutive Summary form of Executive Summary and quarterly report. dan laporan triwulan. 3. Aktif melakukan monitoring atas tindak lanjut dari 3. Active monitoring on the recommendation of investigation rekomendasi hasil pemeriksaan. result follow-up. 4. Melakukan Refreshment Sistem Pengendalian Intern (SPI) 4. Conduct Internal Control System Refreshment to enhance guna meningkatan budaya kehati-hatian di semua unit awareness culture in all work units. kerja.

Laporan Pelaksanaan Kerja SKAI SKAI Performance Report Berikut adalah laporan pelaksanaan kerja SKAI selama 2014: The performance report of SKAI in 2014 is as follows: 1. Membuat dan menyampaikan laporan progress dan hasil 1. Regularly compose and deliver progress and achievement pencapaian Rencana Kerja Tahunan, serta kecukupan result on Annual Workplan report, also human resources sumber daya kepada Direktur Utama dan Komite Audit adequacy to Managing Director and Audit Committee. secara berkala. 2. Membuat dan menyampaikan laporan pelaksanaan 2. Compose and deliver implementation and internal audit dan pokok-pokok hasil audit intern kepada OJK secara result in semester report after having the approval from semesteran setelah mendapat persetujuan dari Direktur Managing Director and Compliance Director. Utama dan Direktur Kepatuhan. 3. Laporan hasil kaji ulang pihak eksternal yang memuat 3. Compose review report of external party which consists of pendapat tentang hasil kerja SKAI dan kepatuhannya opinion on SKAI performance and compliance with SPFAIB terhadap SPFAIB serta perbaikan yang mungkin dilakukan. and possible improvement.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 367 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Rencana Kerja SKAI 2015 SKAI Work Plan in 2015 SKAI telah menyusun rencana kerja yang telah disetujui oleh The work plan composed by SKAI has been approved by Direktur Utama, yaitu sebagai berikut: Managing Director and consists of the following points: 1. Audit tahunan pada Kantor Cabang baik Konvensional dan 1. Annual audit at Conventional and Sharia Branch Offices Syariah, serta Divisi/Unit Kerja. and at Work Divisions/Units. 2. Pemeriksaan secara Surprise Audit dan On The Spot Audit 2. Conduct Surprise Audit and On-The-Spot Audit at Bank pada kantor-kantor Bank Sinarmas yang tidak termasuk Sinarmas offices. pada jadwal audit tahunan. 3. Peningkatan kualitas audit dimulai dari proses pemeriksaan 3. Audit quality improvement from integrated examination at yang terintegrasi dari awal persiapan sampai dengan the beginning up to the composing of Examination Report pembuatan Laporan Hasil Pemeriksaan dan tindaklanjut and follow-ups (SLA). hasil pemeriksaan (SLA). 4. Meningkatkan dan menjaga aspek kuantitas dan 4. Improve and maintain auditor’s quantity and quality through kualitas auditor melalui program pelatihan dan sertifikasi training and certification. berkelanjutan.

SISTEM PENGENDALIAN INTERNAL (SPI) INTERNAL SUPERVISION SYSTEM Dalam rangka pengelolaan Bank secara efektif dan efesien, In order to manage the Bank effectively and efficiently, as well serta sebagai dasar kegiatan operasional yang sehat dan aman, as basic operations are healthy and safe, the Bank has adopted Bank telah menerapkan suatu Sistem Pengendalian Internal an Internal Supervision System (SPI). SKAI is responsible for (SPI). Keberadaan SKAI bertanggung jawab untuk membantu helping to apply the management of the Bank to ensure that menajemen Bank memastikan bahwa penerapkan internal adequate internal controls and has been working as it should. control cukup memadai dan telah berjalan sebagaimana mestinya.

Pengendalian internal merupakan proses yang diajukan Internal control is a process that is proposed by the Board of oleh Dewan Direksi, Manajemen, dan personil bank secara Directors, Management, and bank personnel on an ongoing berkesinambungan (on going basis) dalam rangka memberikan basis in order to provide reasonable assurance to: keyakinan yang memadai guna: • Menjaga dan mengamankan harta kekayaan Bank • Maintain and secure Bank’s wealth • Menjamin tersedianya laporan yang lebih akurat dan tepat • Assure on the availability of a more accurate and timely waktu report • Meningkatkan kepatuhan terhadap ketentuan yang berlaku, baik ketentuan internal maupun eksternal • Improve compliance towards prevailing regulations, both • Mengurangi dampak keuangan/kerugian, penyimpangan internal and external circumstances. termasuk kecurangan fraud, dan pelanggaran aspek kehati- • Reduce the financial/loss impacts and violations, including hatian fraud cases, and awareness aspect violations. • Meningkatkan efektivitas organisasi dan meningkatkan • Improve organizational effectiveness and cost efficiency. efisiensi biaya.

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Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Pedoman Umum Sistem Pengendalian Internal Internal Supervision System Guideline Dalam rangka menerapkan Sistem Pengendalian Internal yang In order to carry out an Internal Controlling System effectively menyeluruh secara efektif dan efisien, sebagaimana telah and efficiently as regulated by Bank Indonesia Regulation No. diatur dalam Peraturan Bank Indonesia nomor 5/8/PBI/2003 5/8/PBI/2003 dated May 19, 2003 on the Implementation of Risk tanggal 19 Mei 2003 tentang Penerapan Manajemen Risiko Management for Commercial Bank and PBI No. 11/25/PBI/2009 Bagi Bank Umum dan PBI No. 11/25/PBI/2009 tanggal 1 Juli dated July 1, 2009 - amendment of PBI No.5/8/PBI/2003 on 2009 (Perubahan atas PBI No. 5/8/PBI/2003) tentang Penerapan the Implementation of Risk Management for Commercial Manajemen Risiko bagi Bank Umum, Bank Indonesia juga Bank, Bank Indonesia also issued Circulating Letter No. 5/22/ menerbitkan ketentuan dalam SE No. 5/22/DPNP tanggal 29 DPNP dated December 29, 2003 on Standard Guidelines for Desember 2003 perihal Pedoman Standar Sistem Pengendalian the Internal Controlling System for Commercial Bank, which Intern bagi Bank Umum yang mewajibkan setiap Bank umum obliges every commercial bank to set their own Guidelines on menyusun Pedoman SPI yang sekurang-kurangnya mencakup 5 the Internal Controlling System consisting at least 5 (five) core (lima) elemen pokok, yaitu: elements such as: 1. Pengawasan oleh Manajemen dan kultur pengendalian 1. Management Oversight and Control Culture 2. Indentifikasi dan penilaian risiko 2. Risk Recognition and Assessment 3. Kegiatan pengendalian dan pemisahan fungsi 3. Control Activities and Segregation of Duties 4. Sistem Akuntansi, informasi, dan komunikasi 4. Accounting system, information and communication 5. Kegiatan pemantauan dan tindakan koreksi penyimpangan/ 5. Monitoring activities and correcting deficiencies kelemahan.

Bank Sinarmas kemudian menetapkan kelima poin di atas Bank Sinarmas has stipulated the points into the guidelines, dalam pedoman yang telah ditetapkan oleh Komisaris dan which are set forth by the Commissioners and Directors Direksi dalam Surat Keputusan No.0020001.095 tanggal 15 on Decree No.0020001.095 dated December 15, 2004 on Desember 2004 perihal Pedoman Sistem Pengendalian Internal. Guidelines of Internal Controlling System. All the Bank’s units Pedoman tersebut menjadi acuan bagi seluruh jajaran Bank refer to the mentioned guidelines to carry out daily activities. dalam melakukan aktivitas operasional sehari-hari.

SATUAN KERJA MANAJEMEN RISK MANAGEMENT WORK UNIT RISIKO (SKMR) (SKMR)

Bank memiliki Satuan Kerja Manajemen Risiko (SKMR) yang The Bank has a Risk Management Work Unit (SKMR), a unit merupakan satuan kerja yang independen terhadap satuan independent from the risk-taking units such as operational, kerja operasional (risk taking unit) seperti operasional, treasury, treasury and investment, credit, finance, accounting, and from kredit, akunting dan terhadap satuan kerja yang melaksanakan Internal Audit Work Unit. pengendalian internal.

Pada posisi Desember 2014, SKMR terdiri atas dua divisi yaitu In the position in December 2014, SKMR consists of two Divisi Credit & Operational Risk dan Divisi Market, Liquidity & divisions, namely Division of Credit and Operational Risk and Enterprise Risk Management dengan total jumlah karyawan Market Division, Liquidity Risk and Anti-Fraud Monitoring the sebanyak 17 orang. Saat ini SKMR di bawah rentang kendali total number of employees by 17 people. Currently SKMR Direktorat Manajemen Risiko yang dipimpin oleh Direktur under control range Risk Management Directorate headed by Manajemen Risiko. the Director of Risk Management.

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Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Struktur SKMR SKMR Structure

RISK MANAGEMENT DIRECTOR

RISK MANAGEMENT GROUP HEAD

Credit & Operational Market, Liquidity, Risk Management & Enterprise Risk Management Division Head Division Head

Market & Liquidity Enterprise Risk Credit Risk Management Operational Risk Management Risk Management Management Department Head Department Head Department Head Department Head

Credit Risk Policy & Operational Enterprise risk Policy & Credit Operational Risk Control & Monitoring Review Market Risk Liqudity Risk Management Review Control & Monitoring Section Head Section Head Section Head

Risk Officer Risk Officer Risk Officer Risk Officer Risk Officer Risk Officer Risk Officer

Tugas dan Tanggung Jawab Duties and Responsibilities Tanggung jawab SKMR dalam melaksanakan penerapan The following are the responsibilities held by SKMR in risk manajemen risiko adalah sebagai berikut: management implementation: 1. Memberikan masukan kepada Direksi dalam penyusunan 1. Provide feedback to the Board of Directors in the kebijakan, strategi, serta kerangka manajemen risiko. development of policies, strategies, and risk management framework. 2. Mengembangkan prosedur dan alat untuk identifikasi, 2. Develop procedures and tools for the identification, pengukuran, pemantauan dan pengendalian risiko. measurement, monitoring and risk control. 3. Pemantauan terhadap pelaksanaan strategi manajemen 3. Monitoring of the implementation of risk management risiko yang direkomendasikan oleh Komite Manajemen strategies recommended by the Risk Management Risiko dan yang telah disetujui oleh Direksi. Committee and approved by the Board of Directors. 4. Pemantauan posisi/eksposur risiko secara keseluruhan 4. Monitoring the position / risk exposure overall (composite), (composite), per jenis risiko maupun per aktivitas fungsional per type of risk as well as a functional activity appropriate sesuai limit risiko yang ditetapkan. risk limits set. 5. Melakukan stress testing guna mengetahui dampak dari 5. Perform stress testing to determine the impact of the pelaksanaan kebijakan dan strategi manajemen risiko implementation of risk management policies and strategies terhadap kinerja masing-masing satuan kerja operasional. on the performance of each operating unit. 6. Pengkajian terhadap usulan aktivitas dan/atau produk baru 6. Assessment of the proposed activities and / or new products yang diajukan atau dikembangkan oleh suatu unit tertentu proposed or developed by a given unit yanh the Bank. The yang ada pada Bank. Pengkajian difokuskan terutama assessment focused primarily on aspects of the Bank’s ability pada aspek kemampuan Bank untuk melakukan aktivitas to perform activities or new products, including systems dan atau produk baru termasuk sistem dan prosedur yang and procedures used and the impact Cosmos Bank’s overall digunakan serta dampaknya tehadap eksposur risiko Bank risk exposure. secara keseluruhan.

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7. Memberikan rekomendasi mengenai besaran atau 7. Provide recommendations on the amount or the maximum maksimum eksposur risiko yang wajib dipelihara Bank risk exposure that must be maintained by the Bank to kepada satuan kerja operasional dan kepada Komite operational unit and the Risk Management Committee, in Manajemen Risiko, sesuai dengan kewenangan yang accordance with the competencies of the Risk Management dimiliki SKMR. Unit. 8. Evaluasi terhadap akurasi model dan validasi data yang 8. Evaluation of the accuracy of the model and the validation digunakan oleh Bank untuk mengukur risiko. of the data used by the Bank to measure risk. 9. Penyusunan dan penyampaian laporan Profil Risiko setiap 9. Preparation and submission of quarterly reports and the triwulan dan Tingkat Kesehatan Bank setiap semester risk profile of the Bank semiannually Risk Management Komite Manajemen Risiko dan Komite Pemantau Risiko, Committee and Risk Monitoring Committee, which will yang kemudian akan dilaporkan kepada OJK. then be reported to the Financial Services Authority (FSA). 10. Pelaksanaan kaji ulang secara berkala untuk memastikan : 10. Implementation of the review on a regular basis to ensure: - Kecukupan kerangka manajemen risiko - The adequacy of the risk management framework - Keakuratan metodologi penilaian risko - The accuracy of risk assessment methodologies - Kecukupan sistem informasi manajemen risiko - The adequacy of the risk management information system

SATUAN KERJA KEPATUHAN (SKK) COMPLIANCE WORK UNIT (SKK)

SKK dibentuk berdasarkan Peraturan Bank Indonesia No. SKK is established pursuant to Bank Indonesia Regulation 13/2/PBI/2011 tentang Pelaksanaan Fungsi Kepatuhan Bank No.:13/2/PBI/2011 on the implementation of compliance for Umum. Ketidakpatuhan terhadap peraturan dan ketentuan public bank. Incompliance towards regulations and existing perundang-undangan yang berlaku dapat menimbulkan risiko legal statements could arise financial risks such as fines, and yang bersifat finansial seperti denda, dan non finansial seperti nonfinancial such as business permission removal. peringatan tertulis sampai pencabutan izin usaha.

Risiko yang ditimbulkan akibat ketidakpatuhan dapat Risk arises due to incompliance could affect Bank operational. mempengaruhi operasional Bank. Perseroan berkomitmen Bank Sinarmas is committed to be compliant of all regulations untuk senantiasa mematuhi peraturan dan ketentuan yang and policies issued by Bank Indonesia as well as other regulators. dikeluarkan oleh Bank Indonesia maupun regulator lainnya.

Dalam rangka memenuhi komitmen tersebut, Bank Sinarmas In an effort to fulfill the commitment, Bank Sinarmas forms membentuk SKK yang bersifat independen dan bebas dari Compliance Work Unit, an independent and unrestricted work pengaruh satuan kerja lainnya serta mempunyai akses langsung unit from others, and is permitted to have direct access to kepada Direktur Kepatuhan. Director of Compliance.

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Struktur SKK SKK Structure

Compliance Director

Group Head

Divisi Head

UKPN Department Head Compliance

UKPN

SKK Bank Sinarmas saat ini dipimpin oleh Purwanto sebagai The SKK of Bank Sinarmas is presently chaired by Purwanto Group Head dan Harri Setiabudi sebagai Kepala Divisi yang as Group Head and Harri Setiabudi as Division Head, which dibentuk untuk memastikan tingkat kepatuhan seluruh are formed to ensure the compliance level in all levels of jenjang organisasi Bank Sinarmas atas ketentuan dan Bank Sinarmas’ organizations upon the prevailing regulations peraturan perundang-undangan yang berlaku, pemenuhan and legislations, fulfillment of authorized commitment, credit komitmen kepada otoritas, pelaksanaan aktivitas usaha kredit activities and normal materials and service procurement, as well dan pengadaan barang serta jasa yang wajar, memastikan as to ensure the operational activities compliance in every work kepatuhan kegiatan operasional di setiap unit kerja, serta unit, the APU and PPT principles implementation as an efor of penerapan prinsip APU dan PPT sebagai upaya Bank Sinarmas Bank Sinarmas to evade any money laundering criminalities. menghindari tindak pidana pencucian uang.

Tugas SKK Duties SKK dibentuk untuk melaksanakan fungsi kepatuhan yang Compliance Work Unit is formed to conduct compliance meliputi tindakan sebagai berikut: functions such as follows: 1. Mewujudkan terlaksananya budaya kepatuhan (compliance 1. Conduct compliance culture to all organization levels and culture) pada semua tingkatan organisasi dan kegiatan business activities usaha. 2. Mengelola risiko kepatuhan (compliance risk). 2. Manage compliance risks 3. Memastikan agar kebijakan, ketentuan, sistem, dan 3. Ensure each conducted policies, regulations, system, prosedur serta kegiatan usaha yang dilakukan telah sesuai procedures, and all business activities meet the regulations dengan ketentuan Regulator dan peraturan perundang- issued by Bank Indonesia and prevailing legislations. undangan yang berlaku.

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4. Memastikan komitmen terhadap kepatuhan yang dibuat 4. Ensure the commitment towards compliance conducted to kepada Regulator dan/atau otoritas pengawas lain yang Bank Indonesia and/or other authorities. berwenang.

SKK melaksanakan program komunikasi dan sosialisasi The Compliance Work Unit also continue implementing baik di cabang maupun unit bisnis Bank Sinarmas melalui communications and dissemination program through 35 program 35 menit bersama Compliance. Selain itu, SKK juga minutes with Compliance event. In addition, SKK also tests menguji pemahaman mengenai pengetahuan APU dan PPT the understanding of employees of Bank Sinarmas on their kepada karyawan Bank Sinarmas. Tujuan jangka panjang dari knowledge of Anti-Money Laundering (AML) and Combating penerapan fungsi kepatuhan ini adalah menumbuhkan budaya the Terrorism Funding (PPT). In a long-term, the Bank sets goal kepatuhan di dalam internal Stakeholders meliputi pemegang to develop compliance culture within its internal stakeholders saham, pengurus, pejabat dan karyawan Bank Sinarmas. including shareholders, managers, officers and employees.

Tanggung Jawab Direktur Kepatuhan Tanggung Jawab Direktur Kepatuhan Tugas dan tanggung jawab Direktur Kepatuhan, meliputi: Tugas dan tanggung jawab Direktur Kepatuhan, meliputi: 1. Merumuskan strategi guna mendorong terciptanya budaya 1. Merumuskan strategi guna mendorong terciptanya budaya kepatuhan (compliance culture); kepatuhan (compliance culture); 2. Mengusulkan kebijakan kepatuhan atau prinsipprinsip 2. Mengusulkan kebijakan kepatuhan atau prinsipprinsip kepatuhan yang akan ditetapkan oleh Direksi; kepatuhan yang akan ditetapkan oleh Direksi; 3. Menetapkan sistem dan prosedur kepatuhan yang akan 3. Menetapkan sistem dan prosedur kepatuhan yang akan digunakan untuk menyusun ketentuan dan pedoman digunakan untuk menyusun ketentuan dan pedoman internal; internal; 4. Memastikan bahwa seluruh kebijakan,ketentuan, sistem 4. Memastikan bahwa seluruh kebijakan,ketentuan, sistem dan prosedur, serta kegiatan usaha telah sesuai dengan dan prosedur, serta kegiatan usaha telah sesuai dengan ketentuan Otoritas Jasa Keuangan/Bank Indonesia dan ketentuan Otoritas Jasa Keuangan/Bank Indonesia dan peraturan perundang-undangan yang berlaku; peraturan perundang-undangan yang berlaku; 5. Meminimalkan risiko kepatuhan (compliance risk); 5. Meminimalkan risiko kepatuhan (compliance risk); 6. Melakukan tindakan pencegahan agar kebijakan dan/atau 6. Melakukan tindakan pencegahan agar kebijakan dan/atau keputusan yang diambil Direksi tidak menyimpang dari keputusan yang diambil Direksi tidak menyimpang dari ketentuan Otoritas Jasa Keuangan/Bank Indonesia dan ketentuan Otoritas Jasa Keuangan/Bank Indonesia dan peraturan perundang-undangan yang berlaku, antara lain peraturan perundang-undangan yang berlaku, antara lain memberikan pendapat yang berbeda/dissenting opinion memberikan pendapat yang berbeda/dissenting opinion apabila terdapat kebijakan dan/atau keputusan yang apabila terdapat kebijakan dan/atau keputusan yang menyimpang dari ketentuan Otoritas Jasa Keuangan/ menyimpang dari ketentuan Otoritas Jasa Keuangan/ Bank Indonesia dan peraturan perundang-undangan yang Bank Indonesia dan peraturan perundang-undangan yang berlaku serta tanggung jawab dalam melakukan tindakan berlaku serta tanggung jawab dalam melakukan tindakan pencegahan tersebut terbatas pada kewenangan Direktur pencegahan tersebut terbatas pada kewenangan Direktur Kepatuhan; Kepatuhan; 7. Melakukan tugas-tugas lainnya yang terkait dengan fungsi 7. Melakukan tugas-tugas lainnya yang terkait dengan fungsi kepatuhan, antara lain adalah memantau dan menjaga kepatuhan, antara lain adalah memantau dan menjaga kepatuhan terhadap komitmen kepada Otoritas Jasa kepatuhan terhadap komitmen kepada Otoritas Jasa Keuangan/Bank Indonesia maupun otoritas pengawas Keuangan/Bank Indonesia maupun otoritas pengawas lainnya yang berwenang. lainnya yang berwenang.

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Indikator Kepatuhan 2014 Indikator Kepatuhan 2014 1. Track record kepatuhan Bank selama ini sangat baik dan 1. Track record kepatuhan Bank selama ini sangat baik dan Bank telah menerapkan hampir seluruh standar keuangan Bank telah menerapkan hampir seluruh standar keuangan dengan kode etik yang berlaku. Hal tersebut menunjukkan dengan kode etik yang berlaku. Hal tersebut menunjukkan bahwa kemungkinan kerugian Bank Sinarmas dari risiko bahwa kemungkinan kerugian Bank Sinarmas dari risiko kepatuhan inheren secara komposit tergolong rendah kepatuhan inheren secara komposit tergolong rendah dengan kualitas penerapan manajemen risiko kepatuhan dengan kualitas penerapan manajemen risiko kepatuhan sangat memadai. sangat memadai. 2. Hasil Self Assessment pelaksanaan Good Corporate 2. Hasil Self Assessment pelaksanaan Good Corporate Governance (GCG) pada Bank Sinarmas posisi semester I dan Governance (GCG) pada Bank Sinarmas posisi semester I dan II Thn 2014 berada pada peringkat 2 yang mencerminkan II Thn 2014 berada pada peringkat 2 yang mencerminkan Manajemen Bank telah melakukan penerapan Good Manajemen Bank telah melakukan penerapan Good Corporate Governance yang secara umum baik. Corporate Governance yang secara umum baik.

Aktivitas Kepatuhan 2014 Aktivitas Kepatuhan 2014 Bank Sinarmas memiliki Compliance Framework sebagai Bank Sinarmas memiliki Compliance Framework sebagai bentuk komitmen terhadap ketentuan PBI No. 13/2/PBI/2011 bentuk komitmen terhadap ketentuan PBI No. 13/2/PBI/2011 tanggal 12 Januari 2011. Pada tahun 2014 aktivitas kepatuhan tanggal 12 Januari 2011. Pada tahun 2014 aktivitas kepatuhan yang dilakukan oleh Divisi Kepatuhan meliputi: yang dilakukan oleh Divisi Kepatuhan meliputi: I. Pelaksanaan Fungsi Kepatuhan I. Pelaksanaan Fungsi Kepatuhan 1. Mendorong terwujudnya Budaya Kepatuhan pada 1. Mendorong terwujudnya Budaya Kepatuhan pada semua tingkatan organisasi dan kegiatan usaha Bank. semua tingkatan organisasi dan kegiatan usaha Bank. Dalam rangka mendorong terwujudnya Budaya Dalam rangka mendorong terwujudnya Budaya Kepatuhan di seluruh unit organisasi, Bank Sinarmas telah Kepatuhan di seluruh unit organisasi, Bank Sinarmas telah menyusun program Compliance Training (Sosialisasi menyusun program Compliance Training (Sosialisasi 35 Menit Bersama Compliance), yang bertujuan 35 Menit Bersama Compliance), yang bertujuan meningkatkan kesadaran, pemahaman dan kepedulian meningkatkan kesadaran, pemahaman dan kepedulian terhadap penerapan Budaya Kepatuhan dalam semua terhadap penerapan Budaya Kepatuhan dalam semua aspek kegiatan operasional. Juga memberikan sosialisasi aspek kegiatan operasional. Juga memberikan sosialisasi perihal Kepatuhan Bank Terhadap Regulasi Industri perihal Kepatuhan Bank Terhadap Regulasi Industri Perbankan yang berlaku, tujuan sosialisasi tersebut Perbankan yang berlaku, tujuan sosialisasi tersebut untuk memberikan pemahaman kepada pegawai untuk memberikan pemahaman kepada pegawai mengenai regulasi terkait industri perbankan yang mengenai regulasi terkait industri perbankan yang berlaku serta pentingnya kepatuhan terhadap regulasi berlaku serta pentingnya kepatuhan terhadap regulasi industri perbankan yang berlaku agar terhindar dari industri perbankan yang berlaku agar terhindar dari risiko Kepatuhan (Compliance Risk). risiko Kepatuhan (Compliance Risk).

Selain itu, SKK juga memberikan training Kepatuhan Selain itu, SKK juga memberikan training Kepatuhan berupa Anti Money Laundering kepada pegawai berupa Anti Money Laundering kepada pegawai baru jenjang Management Development Program baru jenjang Management Development Program (MDP), serta pelatihan juga diberikan kepada pegawai (MDP), serta pelatihan juga diberikan kepada pegawai frontliner. frontliner.

Pengembangan kualitas SDM di Divisi Kepatuhan juga Pengembangan kualitas SDM di Divisi Kepatuhan juga terus ditingkatkan melalui pelatihan dan pengembangan terus ditingkatkan melalui pelatihan dan pengembangan kompetensi. Selama tahun 2014 Divisi Kepatuhan kompetensi. Selama tahun 2014 Divisi Kepatuhan telah mengikutsertakan pegawainya dalam berbagai telah mengikutsertakan pegawainya dalam berbagai

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pelatihan/seminar/sertifikasi terkait Compliance dan pelatihan/seminar/sertifikasi terkait Compliance dan Anti Money Laundering. Anti Money Laundering.

2. Mengelola Risiko Kepatuhan 2. Mengelola Risiko Kepatuhan Divisi Kepatuhan melakukan pemantauan terhadap Divisi Kepatuhan melakukan pemantauan terhadap tingkat kepatuhan atas ketentuan yang berlaku terkait tingkat kepatuhan atas ketentuan yang berlaku terkait prinsip prudential banking (antara lain CAR, ROA, prinsip prudential banking (antara lain CAR, ROA, ROE, PDN, BMPK, NPL, LDR), pada tahun 2014 secara ROE, PDN, BMPK, NPL, LDR), pada tahun 2014 secara keseluruhan tidak ada pelanggaran terhadap ketentuan keseluruhan tidak ada pelanggaran terhadap ketentuan Otoritas Jasa Keuangan/Bank Indonesia terkait prinsip Otoritas Jasa Keuangan/Bank Indonesia terkait prinsip prudential banking. prudential banking.

3. Memastikan seluruh kebijakan, ketentuan, sistem dan 3. Memastikan seluruh kebijakan, ketentuan, sistem dan prosedur serta kegiatan usaha yang dilakukan Bank prosedur serta kegiatan usaha yang dilakukan Bank telah sesuai dengan ketentuan Otoritas Jasa Keuangan/ telah sesuai dengan ketentuan Otoritas Jasa Keuangan/ Bank Indonesia dan peraturan perundang-undangan Bank Indonesia dan peraturan perundang-undangan yang berlaku. yang berlaku. Agar kebijakan, ketentuan, sistem, dan prosedur Agar kebijakan, ketentuan, sistem, dan prosedur bank tidak menyimpang dari ketentuan Otoritas Jasa bank tidak menyimpang dari ketentuan Otoritas Jasa Keuangan/Bank Indonesia dan peraturan perundangan Keuangan/Bank Indonesia dan peraturan perundangan yang berlaku, Divisi Kepatuhan melakukan: yang berlaku, Divisi Kepatuhan melakukan: a. Review Kepatuhan, melakukan review terhadap a. Review Kepatuhan, melakukan review terhadap rancangan kebijakan dan prosedur baru yang rancangan kebijakan dan prosedur baru yang diajukan oleh unit kerja pembuat kebijakan, dan diajukan oleh unit kerja pembuat kebijakan, dan terhadap kebijakan dan prosedur existing; terhadap kebijakan dan prosedur existing; b. Melakukan analisis dampak peraturan eksternal b. Melakukan analisis dampak peraturan eksternal yang baru diterbitkan oleh Regulator; yang baru diterbitkan oleh Regulator; c. Melakukan review terhadap rencana penerbitan c. Melakukan review terhadap rencana penerbitan produk atau aktivitas baru; produk atau aktivitas baru; d. Melakukan review terhadap kecukupan kebijakan. d. Melakukan review terhadap kecukupan kebijakan.

4. Memantau dan menjaga Kepatuhan Bank terhadap 4. Memantau dan menjaga Kepatuhan Bank terhadap komitmen ke Otoritas Jasa Keuangan/Bank Indonesia komitmen ke Otoritas Jasa Keuangan/Bank Indonesia dan Otoritas Pengawas lain dan Otoritas Pengawas lain Pemantauan terhadap komitmen ke Otoritas Jasa Pemantauan terhadap komitmen ke Otoritas Jasa Keuangan, Bank Indonesia dan otoritas pengawas Keuangan, Bank Indonesia dan otoritas pengawas lainnya dilakukan bersama Satuan Pengawasan Intern lainnya dilakukan bersama Satuan Pengawasan Intern (SPI) melalui pemantauan tindak lanjut hasil audit (SPI) melalui pemantauan tindak lanjut hasil audit Otoritas Jasa Keuangan dan Otoritas Pengawas lainnya Otoritas Jasa Keuangan dan Otoritas Pengawas lainnya (Bank Indonesia, Badan Pemeriksa Keuangan, Pusat (Bank Indonesia, Badan Pemeriksa Keuangan, Pusat Pelaporan dan Analisis Transaksi Keuangan dan lainnya). Pelaporan dan Analisis Transaksi Keuangan dan lainnya).

II. Pengendalian Internal II. Pengendalian Internal Pelaksanaan pengelolaan pengendalian internal dilakukan Pelaksanaan pengelolaan pengendalian internal dilakukan oleh Compliance Officer melalui review compliance dan oleh Compliance Officer melalui review compliance dan Compliance Check List terhadap aktivitas operasional di Compliance Check List terhadap aktivitas operasional di tingkat Divisi/Kantor Wilayah/Kantor Cabang. Tujuan dari tingkat Divisi/Kantor Wilayah/Kantor Cabang. Tujuan dari

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pelaksanaan compliance Check List adalah untuk menilai pelaksanaan compliance Check List adalah untuk menilai kepatuhan aktivitas bisnis dan operasional terhadap kepatuhan aktivitas bisnis dan operasional terhadap ketentuan internal dan eksternal. ketentuan internal dan eksternal.

Dalam pelaksanaannya, pengelolaan pengendalian internal Dalam pelaksanaannya, pengelolaan pengendalian internal meliputi aktivitas: meliputi aktivitas: 1. Review Rutin 1. Review Rutin Review Rutin merupakan review ex-post yang dilakukan Review Rutin merupakan review ex-post yang dilakukan oleh Unit Kepatuhan atas aktivitas bisnis/operasional oleh Unit Kepatuhan atas aktivitas bisnis/operasional bank yang kritikal secara periodik, untuk menilai bank yang kritikal secara periodik, untuk menilai kepatuhan unit operasional dalam pelaksanaan fungsi- kepatuhan unit operasional dalam pelaksanaan fungsi- fungsi utamanya sesuai dengan ketentuan yang berlaku fungsi utamanya sesuai dengan ketentuan yang berlaku sehingga dapat dilakukan mitigasi risiko yang ada lebih sehingga dapat dilakukan mitigasi risiko yang ada lebih dini. dini. 2. Review Insidentil 2. Review Insidentil Review Insidentil merupakan review yang dilakukan Review Insidentil merupakan review yang dilakukan sehubungan dengan adanya informasi ketidakpatuhan, sehubungan dengan adanya informasi ketidakpatuhan, kasus dan/atau isu-isu strategis lainnya. Review Insidentil kasus dan/atau isu-isu strategis lainnya. Review Insidentil terdiri dari: terdiri dari: a. Review Mendadak a. Review Mendadak Merupakan review yang dilakukan dengan fokus Merupakan review yang dilakukan dengan fokus terhadap aktivitas/transaksi tertentu berdasarkan terhadap aktivitas/transaksi tertentu berdasarkan professional judgement Unit Kepatuhan karena professional judgement Unit Kepatuhan karena adanya indikasi permasalahan yang dijumpai pada adanya indikasi permasalahan yang dijumpai pada saat review ex-ante. saat review ex-ante. b. Review Khusus b. Review Khusus Merupakan review yang dilakukan sehubungan Merupakan review yang dilakukan sehubungan dengan adanya pelanggaran terhadap ketentuan, dengan adanya pelanggaran terhadap ketentuan, kebijakan dan prosedur yang berpotensi kebijakan dan prosedur yang berpotensi menimbulkan kerugian bank baik secara langsung menimbulkan kerugian bank baik secara langsung maupun tidak langsung dengan tujuan untuk maupun tidak langsung dengan tujuan untuk mengetahui kronologis terjadinya pelanggaran, mengetahui kronologis terjadinya pelanggaran, sebab-sebab terjadinya, dampak kerugian bank dan sebab-sebab terjadinya, dampak kerugian bank dan personalia yang diduga terkait dengan terjadinya personalia yang diduga terkait dengan terjadinya penyimpangan ketentuan tersebut. penyimpangan ketentuan tersebut. c. Review Issue c. Review Issue Review yang dilaksanakan karena adanya Review yang dilaksanakan karena adanya permasalahan/issue strategis yang terjadi di permasalahan/issue strategis yang terjadi di beberapa Unit Kerja dan mempunyai dampak yang beberapa Unit Kerja dan mempunyai dampak yang cukup signifikan bagi Bank secara keseluruhan. cukup signifikan bagi Bank secara keseluruhan.

III. Implementasi Anti-Money Laundering (AML) & III. Implementasi Anti-Money Laundering (AML) & Pencegahan Pendanaan Terorisme Pencegahan Pendanaan Terorisme Bank Sinarmas secara terus menerus melakukan Bank Sinarmas secara terus menerus melakukan pemantauan atas penerapan Program Anti Pencucian pemantauan atas penerapan Program Anti Pencucian Uang dan Pencegahan Pendanaan Terorisme (APU & Uang dan Pencegahan Pendanaan Terorisme (APU &

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PPT), termasuk pelaksanaan Prinsip Mengenal Nasabah/ PPT), termasuk pelaksanaan Prinsip Mengenal Nasabah/ Know Your Customer (KYC)/Customer Due Dilligence Know Your Customer (KYC)/Customer Due Dilligence (CDD), untuk meminimalisir terjadinya pencucian uang dan (CDD), untuk meminimalisir terjadinya pencucian uang dan pendanaan terorisme serta timbulnya risiko-risiko terhadap pendanaan terorisme serta timbulnya risiko-risiko terhadap Bank. Bank.

Upaya yang dilakukan adalah dengan: Upaya yang dilakukan adalah dengan: Adanya peran aktif dari Direksi dan Dewan Komisaris Adanya peran aktif dari Direksi dan Dewan Komisaris yang mendukung pelaksanaan Program APU & PPT; yang mendukung pelaksanaan Program APU & PPT; • • Me-review secara berkala atas Kebijakan dan Pedoman Me-review secara berkala atas Kebijakan dan Pedoman Penerapan Program APU & PPT; Penerapan Program APU & PPT; • • Menyempurnakan kebijakan, prosedur serta sistem Menyempurnakan kebijakan, prosedur serta sistem informasi untuk memastikan kesesuaian dengan informasi untuk memastikan kesesuaian dengan • • perkembangan ketentuan eksternal; perkembangan ketentuan eksternal; Memberikan pelatihan APU & PPT secara Memberikan pelatihan APU & PPT secara berkesinambungan kepada seluruh pegawai. berkesinambungan kepada seluruh pegawai. • •

Mengingat jaringan distribusi Bank Sinarmas yang terus Mengingat jaringan distribusi Bank Sinarmas yang terus berkembang luas, serta semakin kompleksnya produk, berkembang luas, serta semakin kompleksnya produk, aktivitas dan teknologi informasi bank, maka Bank aktivitas dan teknologi informasi bank, maka Bank Sinarmas antara lain selalu berinisiatif menyempurnakan Sinarmas antara lain selalu berinisiatif menyempurnakan sistem informasi untuk mengidentifikasi transaksi keuangan sistem informasi untuk mengidentifikasi transaksi keuangan mencurigakan, mendeteksi transaksi keuangan tunai dalam mencurigakan, mendeteksi transaksi keuangan tunai dalam jumlah tertentu, mendeteksi transaksi transfer dana dari jumlah tertentu, mendeteksi transaksi transfer dana dari dan ke luar negeri serta alert system untuk mengidentifikasi dan ke luar negeri serta alert system untuk mengidentifikasi calon nasabah yang dinilai memiliki risiko tinggi, calon calon nasabah yang dinilai memiliki risiko tinggi, calon nasabah yang berasal dari negara yang tergolong sebagai nasabah yang berasal dari negara yang tergolong sebagai negara berisiko tinggi, serta mengidentifikasi bisnis berisiko negara berisiko tinggi, serta mengidentifikasi bisnis berisiko tinggi yang kemungkinan digunakan dalam aktivitas tinggi yang kemungkinan digunakan dalam aktivitas pencucian uang maupun pembiayaan terorisme. pencucian uang maupun pembiayaan terorisme.

Bank Sinarmas juga secara terus menerus melakukan Bank Sinarmas juga secara terus menerus melakukan pemantauan pelaksanaan pengkinian data nasabah dan pemantauan pelaksanaan pengkinian data nasabah dan melakukan sosialisasi secara berkesinambungan atas melakukan sosialisasi secara berkesinambungan atas pelaksanaan Prinsip Mengenal Nasabah/KYC/CDD dan pelaksanaan Prinsip Mengenal Nasabah/KYC/CDD dan penerapan Program APU & PPT. Sosialisasi dilakukan melalui penerapan Program APU & PPT. Sosialisasi dilakukan melalui metode tatap muka maupun melalui program e-learning. metode tatap muka maupun melalui program e-learning.

Peran aktif Direksi dan Komisaris, penyempurnaan Peran aktif Direksi dan Komisaris, penyempurnaan Kebijakan dan Pedoman Penerapan Program APU&PPT, Kebijakan dan Pedoman Penerapan Program APU&PPT, sistem informasi, pelatihan dan sosialisasi merupakan sistem informasi, pelatihan dan sosialisasi merupakan upaya untuk meningkatkan efektivitas pelaksanaan Prinsip upaya untuk meningkatkan efektivitas pelaksanaan Prinsip Mengenal Nasabah dan penerapan Program APU &PPT. Mengenal Nasabah dan penerapan Program APU &PPT.

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SEKRETARIS PERUSAHAAN CORPORATE SECRETARY

Profil Sekretaris Perusahaan

Dodo Suyanto

Warga Negara Indonesia, 45 tahun. Indonesian citizen, 45 years old. He Bergabung dengan Bank Sinarmas sejak joined Bank Sinarmas since January 14, 14 Januari 2013. Menjabat sebagai 2013 and served as Corporate Secretary Sekretaris Perusahaan Bank Sinarmas since December 1, 2014 pursuant sejak 1 Desember 2014 berdasarkan to Decree of Board of Directors No. Surat Keputusan Direksi No. 025/2014/ 025/2014/PRESDIR dated December 1, PRESDIR tanggal 1 Desember 2014. Saat 2014. He also concurrently served as ini, beliau juga merangkap sebagai Legal Bank Sinarmas Legal Division Head. Division Head Bank Sinarmas.

Meraih gelar Sarjana Hukum di Universitas Airlangga pada He obtained Bachelor of Law degree in 1994 and Specialist of 1994 dan menyelesaikan pendidikan Spesialis Kenotariatan Notary in 2000 from Airlangga University in 2000. He started his di Universitas Airlangga pada 2000. Mengawali karir sebagai career as Legal Officer at PT Bank DBS Indonesia in 2005 until Legal Officer di PT Bank Permata Tbk tahun 1996 hingga 2007 Compliance Manager at PT Bank Rabobank International 2003, PT Bank DBS Indonesia pada 2005 hingga 2007, Indonesia in 2009 until 2011, and Compliance Manager at PT menjabat sebagai Compliance Manager di PT Bank Rabobank AXA Mandiri Financial Services in 2012 until 2013. International Indonesia pada 2009 hingga 2011, dan menjabat sebagai Compliance Manager pada 2012 hingga 2013 di PT AXA Mandiri Financial Services.

Selain pendidikan formal, beliau juga mengikuti sejumlah In addition to formal education, he participated in trainings pelatihan diantaranya The 7 Habits of Highly Effective People such as The 7 Habits of Highly Effective People Book Sharing in Book Sharing pada 1999, Power Leadership Program pada 1999, Power Leadership Program in 2007 and acquired BSMR 2007, serta mendapatkan sertifikat BSMR Level 2 pada 2010. Level 2 certificate in 2010.

Dasar Hukum Penunjukan Sekretaris Perusahaan Legal Basis of Appointment Berdasarkan ketentuan Bapepam Nomor KEP-63/PM/1996 Pursuant to Bapepam requirements No. KEP-63/PM/1996 and dan keputusan Direksi BEJ Nomor 339 Tahun 2001 mengenai JSE Directors Decision No. 339 of 2001 on the appointment pembentukan sekretaris perusahaan, maka berdasarkan of corporate secretary, based on Board of Directors Decision Keputusan Direksi No. 025/2014/PRESDIR tanggal 1 Desember No. 025/2014/PRESDIR dated December 1, 2014, the Company 2014, Perseroan menunjuk Dodo Suyanto sebagai Sekretaris appointed Dodo Suyanto as Corporate Secretary. The report Perusahaan, yang kemudian telah dilaporkan ke Otoritas Jasa had been submitted to Financial Services Authorities No. Keuangan No. SKL.290/2014/PRESDIR-CorSec&CorComm SKL.290/2014/PRESDIR-CorSec&CorComm dated December 1, tanggal 1 Desember 2014. 2014.

Fungsi utama dari sekretaris perusahaan adalah untuk The main function of corporate secretary is to build the image of membangun citra Perseroan dan sebagai penghubung dengan the Company and as a liaison to establish good communication membangun komunikasi dan hubungan yang baik dengan and relationships with stakeholders. Corporate secretary has

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para Stakeholder. Sekretaris perusahaan memiliki akses access to the material and relevant information relating to the terhadap informasi material dan relevan yang berkaitan dengan Company and the relevant legislation. Perseroan dan perundang-undangan terkait.

Tugas dan Tanggung Jawab Duties and Responsibilities Berdasarkan Piagam Sekretaris Perusahaan PT. Bank Sinarmas Pursuant to Corporate Secretary Chart of PT. Bank Sinarmas Tbk., tugas dan tanggung jawab Sekretaris Perusahaan sebagai Tbk., Corporate Secretary has the following duties and berikut: responsibilities: 1. Mengikuti perkembangan Pasar modal, Perbankan, dan 1. Following the development in Capital Markets, Banking Perusahaan Terbuka serta peraturan-peraturan yang and Listed Company as well as regulations existing to the berlaku pada masing-masing bidang tersebut. respective areas; 2. Memberikan pelayanan kepada masyarakat atas setiap 2. Provide the public with any information needed by investors informasi yang dibutuhkan pemodal yang berkaitan dengan associated with the Bank; kondisi Bank. 3. Memberikan masukan kepada Direksi untuk mematuhi 3. Provide input to the Board of Directors to comply with peraturan-peraturan yang berlaku dibidang Pasar Modal, regulations in force in the field of Capital Markets, Banking Perbankan, dan Perusahaan Terbuka. and Listed Company; 4. Sebagai penghubung antara Bank dengan Bank Indonesia, 4. As a liaison between the Bank and Bank of Indonesia, Profesi Penunjang Pasar Modal & Otoritas Pasar Modal, Supporting Profession, Capital Market & Capital Market masyarakat dan pihak-pihak terkait lainnya. Authority, the public and other related parties; 5. Menyiapkan daftar khusus yang berkaitan dengan Direksi, 5. Prepare a list of particular relevance to the Board of Dewan Komisaris, Pemegang Saham, dan anggota Directors, Board of Commissioners, shareholders, and keluarganya dalam Bank mencakup kepemilikan saham, members of his family in the Bank include stock ownership, hubungan bisnis, dan peranan lainnya yang dapat business relationships, and other roles that can give rise to menimbulkan benturan kepentingan. a conflict of interest. 6. Membuat daftar pemegang saham termasuk kepentingan 6. Make a list of shareholders, including the interests of 5% 5% (lima persen saham) atau lebih. (five percent of the shares) or more. 7. Menghadiri rapat direksi dan rapat Direksi dan Dewan 7. Attend board meetings and meetings of the Board of Komisaris serta membuat berita acara rapatnya. Directors and the Board of Commissioners and prepare minutes of the meeting. 8. Bertanggung jawab dalam penyelenggaraan Rapat Umum 8. Responsible for the implementation of the General Meeting Pemegang Saham (RUPS) dan Rapat Umum Pemegang of Shareholders (AGM) and Extraordinary General Meeting Saham Luar Biasa (RUPSLB). of the Extraordinary Shareholders (EGM). 9. Membuat Laporan Tahunan pada setiap akhir tahun dan 9. Make the Annual Report at the end of each year and disampaikan kepada pihak-pihak terkait lainnya paling submitted to other related parties no later than the end of lambat akhir Mei tahun berikutnya. May next year. 10. Membuat laporan-laporan lainnya yang ditujukan ke Bank 10. Make other reports addressed to Bank Indonesia, the Stock Indonesia, Bursa Efek, Bapepam, Perbanas, UP3 dan lainnya, Exchange, Bapepam, Banks Association, UP3 and others, seperti Laporan Perubahan Pengurus, Laporan Pemindahan such as the Statement of Changes in Board, Report of Kantor, Laporan Realisasi Pembukaan Kantor. Transfer of Office, Office Opening Realization Report. 11. Membantu Direksi menyusun korespondensi (surat, 11. Assist the Board of Directors prepare correspondence memorandum, dan lainnya), baik untuk pihak internal (letters, memoranda, and other), both for internal (BOC, (Dewan Komisaris, Kantor Cabang, Unit-unit Kerja di Branch Office, Units Work in the Central Office). Kantor Pusat). 12. Menyusun Surat Keputusan, Surat Edaran, dan Surat-surat 12. Develop Decree, Circular, and letters issued by the Company. yang diterbitkan oleh Perusahaan.

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Berdasarkan Peraturan Otoritas Jasa Keuangan No. 35/ Pursuant to the Financial Services Authority Regulation No. POJ.04/2014 tentang Sekretaris Perusahaan Emiten atau 35/POJ.04/2014 on Corporate Secretary for Issuers or Public Perusahaan Publik, tugas dan tanggung jawab Sekretaris Companies, the following are duties and responsibilities of Perusahaan sebagai berikut: Corporate Secretary: 1. mengikuti perkembangan Pasar Modal khususnya peraturan 1. follow the development of capital markets, especially the perundang-undangan yang berlaku di bidang Pasar Modal; legislation in force in the capital market; 2. memberikan masukan kepada Direksi dan Dewan Komisaris 2. provide input to the Board of Directors and Board of Emiten atau Perusahaan Publik untuk mematuhi ketentuan Commissioners of Public Listed Company to comply with peraturan perundang-undangan di bidang Pasar Modal; laws and regulations in the capital market; 3. membantu Direksi dan Dewan Komisaris dalam pelaksanaan 3. assist the Board of Directors and the Board in the tata kelola perusahaan yang meliputi: implementation of corporate governance include: a. keterbukaan informasi kepada masyarakat, termasuk a. disclosure to the public, including the availability of ketersediaan informasi pada Situs Web Emiten atau information on the website Public Company; Perusahaan Publik; b. submission of reports to the Financial Services Authority b. penyampaian laporan kepada Otoritas Jasa Keuangan on time; tepat waktu; c. implementation and documentation of the General c. penyelenggaraan dan dokumentasi Rapat Umum Meeting of Shareholders; Pemegang Saham; d. implementation and documentation of the Board of d. penyelenggaraan dan dokumentasi rapat Direksi dan/ Directors meeting and / or the Board of Commissioners; atau Dewan Komisaris; dan and e. pelaksanaan program orientasi terhadap perusahaan e. orientation program execution against the company for bagi Direksi dan/atau Dewan Komisaris. the Board of Directors and / or Board of Commissioners. 4. sebagai penghubung antara Emiten atau Perusahaan Publik 4. as a liaison between the Public Company by the shareholder dengan pemegang saham Emiten atau Perusahaan Publik, or public company, the Financial Services Authority, and Otoritas Jasa Keuangan, dan pemangku kepentingan other stakeholders. lainnya.

Sekretaris Perusahaan memiliki misi untuk memenuhi dan Corporate Secretary’s missions are: Complying with all mematuhi segala peraturan-peraturan yang ditetapkan bagi regulations determined for Public Companies to the Financial Perusahaan Terbuka kepada Otoritas Jasa Keuangan, Bursa Services Authority, Indonesia Stock Exchange, KSEI, Bank Efek Indonesia, KSEI, Bank Indonesia, serta Regulator lain Indonesia, and other regulators, and become an information dan menjadi gerbang media terkait informasi yang akan gate to publish corporate action, company performance or dipublikasikan terkait aksi korporasi, kinerja perusahaan, reduce negative news on the Company. ataupun meredam berita negatif mengenai Perseroan.

Korespondensi Correspondence Selama 2014, korespondensi baik rutin maupun non rutin In 2014, the Company conducted the following routine and yang disampaikan Perseroan kepada regulator adalah sebagai non-routine correspondences: berikut: Keterangan / Jumlah / Perihal / About Description Total

Laporan Bulanan Registrasi Pemegang Efek / Monthly Report on Securities Holder Rutin / Routine 12 Registration Laporan Data Hutang Valuta Asing / Report on Foreign Currency Debt Rutin / Routine 12 Laporan Hasil Penggunaan Dana Hasil Penawaran Umum / Report on Use of Public Rutin / Routine 4 Offering Proceeds

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Keterangan / Jumlah / Perihal / About Description Total

Laporan Keuangan Tahunan / Annual Financial Statements Rutin / Routine 1 Laporan Tahunan 2013 / Annual Report 2013 Rutin / Routine 1 Laporan Keuangan Interim dan Long Form / Interim and Long Form Financial Statements Rutin / Routine 3 Publikasi Laporan Keuangan / Financial Statements Publication Rutin 4 Non Rutin / Non- Perubahan Corporate Secretary / Changes of Corporate Secretary 1 Routine Laporan Penambahan Modal Tanpa Hak Memesan Efek Terlebih Dahulu / Report on Non Rutin / Non- 2 Additional Capital Without Preemptive Rights Routine Keterbukaan Informasi Terkait Penambahan Modal Tanpa Hak Memesan Efek Terlebih Non Rutin / Non- 2 Dahulu / Information Disclosure on Additional Capital Without Preemptive Rights Routine

Komunikasi Eksternal External Communication Pemenuhan informasi bagi Stakeholder, selalu menjadi Fulfillment of information for stakeholders is the company’s prioritas perseroan. Oleh sebab itu, Perseroan mempermudah priority. Therefore, the Company allows for stakeholders to para Stakeholder untuk mengakses informasi yang mereka access the information they need through www.banksinarmas. butuhkan melalui website www.banksinarmas.com, seperti com website, such as annual reports, published reports, laporan tahunan, laporan publikasi, laporan GCG, produk dan corporate governance reports, and other products. lain sebagainya.

Selama 2014, Perusahaan mengeluarkan 3 siaran pers dengan During 2014, the Company issued three press release with rincian sebagai berikut: details as follows:

Judul / Title Tanggal / Date

Bank Sinarmas Luncurkan “Kartu Debit Bank Sinarmas Union Pay” / Bank Sinarmas 18 Agustus 2014 Launched “Bank Sinarmas Debit Card” Bank Sinarmas Terus Menggenjot Target DPK dan Penyaluran Kredit / Bank Sinarmas 4 Desember 2014 Encouraged DPK Target and Credit Distribution Bank Sinarmas Bersama Nurbaya Initiative Melakukan Terobosan Dalam pembiayaan 7 November 2014 Bagi Pelaku UMKM di Pasar Tanah Abang dan Thamrin City / Bank Sinarmas and Nurbaya Initiative Conducted Innovation in Financing for UMKM Players at Pasar Tanah Abang and Thamrin City.

Komunikasi Internal Internal Communication Dalam melakukan Komunikasi Internal kepada seluruh In conducting Internal Communication to all employees, the karyawan, Perseroan menggunakan berbagai media antara Company uses a variety of media including: lain: 1. Lensa Berita 1. Lensa Berita Media Perseroan untuk menyebarkan berita-berita terbaru The Company’s media to spread the latest news and dan kegiatan yang telah dilakukan oleh Perseroan melalui activities that have been carried out by the Company by e-mail untuk disebarkan kepada seluruh kayawan. Lensa e-mail to spread to the employees. Lensa Berita is published Berita terbit setiap hari Rabu di setiap minggunya. Pada every Wednesday in every week. In 2014, Lenses News has 2014, Lensa Berita telah menerbitkan 54 edisi. published 54 editions.

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2. Lensa Quiz 2. Lensa Quiz Media yang berisi pertanyaan-pertanyaan terkait dengan Media containing questions related to the issues raised in permasalahan yang terjadi dalam operasional perbankan. the banking operations. This is done to improve aware of Hal ini dilakukan untuk meningkatkan aware dari setiap every employee in general, as well as branches in particular, karyawan pada umumnya, serta cabang-cabang pada related problems occurred. During 2014, Lensa Quiz has khususnya, terkait permasalahan yang terjadi. Selama issued a total of 64 editions. 2014, Lensa Quiz telah menerbitkan sebanyak 64 edisi.

3. Pesan Manajemen 3. Message from Management Pesan langsung yang dikirimkan oleh Manajemen kepada Direct message sent by management to all employees. seluruh karyawan. Pesan ini terkait mengenai budaya kerja, This message is related to the culture of work, information informasi perkembangan Perseroan, maupun motivasi. on the progress of the Company, as well as motivation. Sepanjang 2014, Perseroan telah mengirimkan sedikitnya Throughout 2014, the Company has sent at least four 4 edisi pesan manajemen yang antara lain sebagai berikut: editions of management messages are as follows: • Bertumbuh Menuju Kedewasaan • Growing Toward Maturity • Kick Off Spend Optimization • Kick Off Spend Optimization • The Future is You • The Future is You • Salam Transformasi • Greetings From Transformation

AKUNTAN PUBLIK PUBLIC ACCOUNTANT

Melalui RUPS pada 13 Juni 2014 di Jakarta, sebagaimana Pursuant to the AGM on June 13, 2014 in Jakarta, as stated tertuang dalam Berita Acara Rapat Umum Pemegang Saham in the Minutes of the General Meeting of Shareholders No. 44 Tahunan No. 44 tanggal 13 Juni 2014, menyetujui untuk dated June 13, 2014, agreed to appoint KAP Moore Stephens menunjuk KAP Moore Stephens guna melakukan Audit Umum to perform the General Audit of Financial Statements Bank Laporan Keuangan Bank Sinarmas 2014 untuk melakukan Sinarmas 2014 to conduct the General Audit of Financial Audit Umum atas Laporan Keuangan PT. Bank Sinarmas Tbk. Statements of PT. Bank Sinarmas Tbk. as of December 31, per 31 Desember 2014. 2014.

Kantor Akuntan Publik KAP Moore Stephens merupakan KAP Public Accounting Firm (KAP) Moore Stephens is a KAP yang terdaftar sebagai Auditor Bank di Otoritas Jasa Keuangan. registered as Bank Auditor in the Financial Services Authority. Bank Sinarmas menunjuk KAP tersebut untuk melaksanakan Bank Sinarmas appointed the KAP to perform general audit for audit umum laporan keuangan Bank Sinarmas 2014, yang the financial statements of the Bank Sinarmas 2014, that the dalam penugasannya memenuhi aspek berikut: assignment meets the following aspects: • Kapasitas KAP yang ditunjuk • Capacity • Legalitas perjanjian kerja • Legality of work agreement • Ruang lingkup audit • Audit coverage • Standar profesional akuntan publik • Professional public accountant standards • Komunikasi Bank Indonesia dengan KAP dimaksud • Communication between Bank Indonesian with the aforementioned KAP

Periode Kantor Akuntan Publik dan Akuntan Publik Terms of Public Accountant Firm and Public Accountant Sesuai peraturan PBI 3/22/PBI/2001 tentang Transparansi Pursuant to PBI 3/22 / PBI / 2001 on Transparency of Financial Kondisi Keuangan Bank, penunjukkan KAP yang sama hanya Condition of the Bank, KAP same designation can only be done bisa dilakukan selama lima tahun berturut-turut kecuali jika for five consecutive years unless it meets certain conditions and memenuhi kondisi tertentu dan dilaksanakan atas persetujuan carried out with the approval of Bank Indonesia. Bank Indonesia.

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Berikut adalah Kantor Akuntan Publik yang melakukan audit The following are a public accounting firm to audit the financial Laporan Keuangan Bank Sinarmas selama 3 (tiga) tahun statements of Bank Sinarmas for 3 (three) years: terakhir:

Tahun / Kantor Akuntan Publik/ Public Nama Akuntan (Perorangan) / Accountant Biaya / Cost Year Accounting Firm Name (Individual)

2014 KAP Moore Stephens Mulyamin Sensi Suryanto dan Lianny Rp880.000.000,-

2013 KAP Moore Stephens Mulyamin Sensi Suryanto dan Lianny Rp742.500.000,-

2012 KAP Moore Stephens Mulyamin Sensi Suryanto dan Lianny Rp660.000.000,-

TRANSAKSI YANG MENGANDUNG TRANSACTION CONTAINING BENTURAN KEPENTINGAN CONFLICTS OF INTEREST

Selama 2014, tidak terjadi transaksi yang mengandung Bank Sinarmas did not have any transaction containing conflicts benturan pada Bank Sinarmas. of interest in 2014

PERKARA PERUSAHAAN LEGAL CASES

Jumlah perkara hukum yang harus dihadapi Bank Sinarmas Legal cases faced by Bank Sinarmas are as follows: pada 2014 adalah sebagai berikut:

Jumlah / Total Permasalahan Hukum / Legal Case Perdata / Civil Pidana / Criminal

Telah Selesai / Resolved 1 - Dalam Proses Penyelesaian / On Progress 1 - Total / Total 2 -

Perkara hukum yang dihadapi Perseroan tidak memiliki Legal cases faced by the Company did not give significant pengarus signifikan pada kegiatan Perseroan. impact on the Company’s activities.

AKSES INFORMASI PERUSAHAAN Access to Company Information

Perusahaan berkomitmen untuk melaksanakan prinsip The Company is committed to implementing disclosure keterbukaan, untuk itu Perusahaan selalu menyampaikan principle. As such, the Company always conveys information informasi tentang Perusahaan melalui website Perusahaan www. about the Company through the Company’s website www. banksinarmas.com. Selain itu, Perusahaan juga menyampaikan banksinarmas.com. In addition, the Company also presented perkembangan Perusahaan mengenai Informasi Material dan the development of the Company Disclosure of Material

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Keterbukaan Informasi yang Perlu Diketahui Publik secara Information and Public Information to Know regularly to the teratur kepada PT Bursa Efek Indonesia (BEI) dan OJK sesuai Indonesia Stock Exchange (IDX) and the FSA in accordance with dengan peraturan yang berlaku. applicable regulations.

BUY BACK SHARES DAN BUY BUY BACK SHARES and BUY BACK OBLIGASI BANK BACK OBLIGASI BANK

Selama 2014, tidak terjadi buy back share dan/atau buy back There was no buy back share and/or bonds buy back in 2014. obligasi Bank pada Bank Sinarmas.

KODE ETIK DAN PEDOMAN CODES OF CONDUCT TINGKAH LAKU

Kode etik dan pedoman tingkah laku telah disosialisasikan dan The code of conduct has been socialized and applied to all berlaku untuk seluruh bagian dari Bank Sinarmas. Termasuk divisions of the Bank Sinarmas, including BOC, Committees Dewan Komisaris, Komite-komite dibawah Dewan Komisaris under the Board of Commissioners and Board of Directors, dan Direksi, karyawan, para konsultan serta pihak lain yang employees, consultants and others who work with Bank bekerja dengan Bank Sinarmas, atau yang mewakili Bank Sinarmas, or that represent the Bank Sinarmas directly or Sinarmas secara langsung atau secara tidak langsung. indirectly.

Jika terjadi pelanggaran pedoman tingkah laku terhadap Any individual violating the code of conduct, policies and kebijakan dan prosedur Bank Sinarmas dan/atau ketentuan procedures of Bank Sinarmas or statutory provisions in force perundang-undangan yang berlaku, maka ia dapat dikenakan will be charged with indisciplinary action, including termination tindakan indiscipliner, termasuk pemutusan hubungan kerja of employment. Violations of laws may also result in legal atau penghentian kerja. Pelanggaran terhadap hukum/undang- action and including fines, with regard to some things, criminal undang juga dapat berakibat tuntutan hukum dan termasuk penalties for perpetrators, supervisors and/or the company. denda, berkenaan dengan beberapa hal, hukuman pidana untuk pelaku, atasan dan/atau perusahaan.

384 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Bagian utama Kode Etik dan Pedoman Tingkah Laku profesional Bank Sinarmas / Six Main Points of Code of Conduct and Professional Behaviour 6 Guidelines of Bank Sinarmas Tanggung jawab kepada Bank Sinarmas / 1 Responsibility to Bank Sinarmas Tanggung jawab tempat kerja / 2 Responsibility in workplace Mewakili Bank Sinarmas dan pihak luar lainnya / 3 Representing Bank Sinarmas and other external parties Kerahasiaan / 4 Confidentiality Kegiatan Investasi / 5 Investment Kepatuhan pada Peraturan 6 Compliance to Regulation

BUDAYA BANK SINARMAS BANK SINARMAS CULTURE

1 Integrity Bertindak sesuai Kejujuran / • Memberikan pendapat yang sesuai dengan kebenaran ucapan/janji sehingga Honesty • Berbicara berdasarkan fakta dan data dapat menumbuhkan • Memastikan tidak adanya ‘conflict of interest’ yang dapat kepercayaan pihak lain menimbulkan bias dalam pengambilan keputusan yang dapat / Acts according to merugikan perusahaan promises in order to earn trust from • Giving opinions based on truth others • Speak upon facts and data • Ensure no conflict of interest that could arise bias in decision-making process, in its ability to bring loss for the company

Walk The Talk • Menepati janji • Menjalankan, menindaklanjuti serta bertanggungjawab atas keputusan yang telah disepakati dan ditetapkan

• Fulfilling promises • Conduct, follow-up, and be responsible of agreed and determined decisions.

Conscience • Menjaga dan melindungi kepentingan Perusahaan sebaik-baiknya • Memastikan perusahaan tidak dirugikan dalam hal waktu, materi, sumber daya dan tindakan apapun yang dilakukan

• To preserve and protect the interest of the Company at any cost • Ensure that company is not losing time, materials, and resources on any conducted actions

Annual Report 2014 | PT. BANK SINARMAS Tbk. 385 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

2 Positive attitude Menampilkan perilaku Positive thinking • Menelaah isu atau permasalahan dari sudut pandang positif dan yang mendukung berupaya mendiskusikannya dengan positif untuk mendapatkan solusi terciptanya yang terbaik bagi perusahaan dan semua pihak. lingkungan kerja yang saling menghargai dan • Analyze issues and problems from a positive point of view and discuss kondusif / Demonstrate them in positive way to have the best solution for company and all supporting behaviors to parties involved. create a full respect and conducive work environment.

Respect others • Mendengarkan dan menghormati pendapat rekan kerja dalam setiap kesempatan • Memberikan pujian/penghargaan kepada yang berhasil melaksanakan tugas dan tanggung jawab atau yang menunjukkan penerapan nilai- nilai perusahaan secara konsisten

• Listening and respecting opinions from colleagues in every opportunities. • Expressing a praise/appreciation to those who succeed in completing their assignments and responsibilities or demonstrate company values consistently

Team work • Memberikan kontribusi berarti dalam melaksanakan tugas • Mencari solusi terbaik demi kepentingan perusahaan

• Contributing in conducting the duties • Seeking the best solutions for company’s interest

Positive working • Melaksanakan proses dialog dalam berkomunikasi environment • Mendorong rekan kerja untuk senatiasa bertindak positif dalam mencetuskan pendapat atau mengupayakan solusi tanpa berusaha mendiskreditkan rekan kerja/bagian lain.

• Conducting conversation process in communication • Encouraging colleagues to continuously think positively in sharing opinions or to make an effort to have a solution without discrediting other colleagues/other divisions.

3 Commitment Melaksanakan pekerjaan Passion • Menunjukkan kedisiplinan dalam hal waktu dan upaya yang dilakukan dengan sepenuh hati • Memperlihatkan antusiasme dalam melaksanakan pekerjaan untuk mencapai hasil terbaik / Conducting • Demonstrating time disciplinary and efforts conducted their duties with sincerity • Showing enthusiasm at working to achieve the best result.

Strive to be the Senantiasa merasa tidak puas diri atas pencapaian sekarang dan terus best bertekad mewujudkan hasil terbaik dalam setiap kesempatan, dimana ‘sky is the limit’./ Continuously challenging Inner self not to be satisfied with current result, and determining to achieve the best result in every opportunity, where sky is the limit.

Follow up until • Menyelesaikan pekerjaan yang telah dimulai dengan sepenuh hati. done • Menunjukkan usaha optimal untuk mencapai hasil terbaik dalam rentang waktu yang telah ditetapkan.

• Finishing duties with full of heart. • Demonstrating optimum efforts to achieve best result within targeted timeline.

386 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

4 Continuous Meningkatkan Data accuracy • Memperoleh, memproses dan memberikan data serta informasi improvement kemampuan/kapasitas secara akurat. diri, unit kerja dan • Memastikan bahwa data yang diberikan dapat mendukung organisasi secara terus pengambilan keputusan yang terbaik bagi perusahaan. menerus tanpa batas untuk mencapai hasil • Gaining, processing, and delivering data as well as accurate terbaik./ Improving information continuous capabilities/ • Ensuring that reported data is capable to have the best decision taken self-capacity, working for company. unit and organization without limit to achieve the best result.

Cost concern Selalu melakukan evaluasi diakhir pelaksanaan tugas dalam upaya meningkatkan manfaat dan efektivitas penggunaan baiya pada tugas- tugas selanjutnya./ Always conducting evaluation at the end of duties performance in order to enhance benefit and cost-spending affectivity on awaiting tasks.

Process • Memastikan terjadinya zero defect untuk mewujudkan hasil terbaik excellence • Melaksanakan proses bisnis secara benar/sesuai standard operation procedure (SOP). • Melakukan review SOP secara berkesinambungan untuk memastikan bahwa SOP tersebut sesuai dengan perkembangan perusahaan dan industri

• Ensuring that zero defect happens in order to achieve the best result • Conducting correct business process according to Standard Operation Procedure (SOP) • Conducting synergized SOP review to ensure that the SOP has been in accordance with company and industry’s development.

5 Innovative Memunculkan gagasan Bench marking • Mempelajari praktek bisnis terbaik lewat bacaan, sharing session, atau menciptakan pelatihan, magang, atau kunjungan ke unit kerja/perusahaan terbaik produk/ alat kerja/ • Menceritakan praktek bisnis terbaik yang dipelajari kepada rekan kerja sistem kerja baru yang dalam satu divisi/ perusahaan dapat meningkatkan • Menerapkan praktek bisnis terbaik di lingkungan kerjanya, yang dapat produktivitas dan meningkatkan kemajuan perusahaan pertumbuhan perusahaan./ Creating • Learning best business practice through sharing session, training, fresh ideas or innovate internship, or working unit visit/best company. product/work device/ • Sharing best business practice learned to colleagues in a division/ new work system to Company. accelerate productivity • Implementing best business practice in its working environment, that and company’s growth. can develop Company’s growth.

Breaktrough • Merancang ulang dan/atau secara terus menerus melakukan perbaikan proses bisnis yang dibutuhkan • Melaksanakan pengembangan inisiatif baru yang dapat meningkatkan kinerja individu, unit kerja dan perusahaan

• Redesigning and/or continuously conducting needed business process • Conducting new initiative development to improve individual working performance, working unit, and companies

Annual Report 2014 | PT. BANK SINARMAS Tbk. 387 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

6 Loyal Menumbuhkembangkan Fraternity • Menjaga nama baik perusahaan pada setiap kesempatan, dimanapun semangat untuk berada, di dalam maupun di luar perusahaan. mengerti, memahami • Menjaga kepentingan/informasi/sumber daya/asset perusahaan dan melaksanakan dengan sebaik-baiknya dan dalam kondisi apapun, tidak akan pernah nilai-nilai perusahaan memberikannya kepada pihak manapun yang tidak berkepentingan sebagai bagian dari Keluarga Besar • Protecting Company’s good reputation in every opprtunity, in or Sinar Mas./ Growing outside the Company spirit to understand, • Maintaining Company’s interests/information/resources/asset at best comprehend, and apply effort in every condition and would not be willing to hand them to company’s values as part unrelated parties. of Sinarmas big family.

Pride • Merekomendasikan orang-orang yang berpotensi untuk bergabung dengan perusahaan • Menceritakan hal-hal yang positif mengenai perusahaan dalam setiap kesempatan • Menjadi ‘role model’ dari penerapan nilai-nilai perusahaan

• Giving recommendation of potential individuals to join the Company • Spreading positive things about company in every opportunity • Being a role model in applying Company’s values

Dedication • Melihat setiap tugas/pekerjaan sebagai hal penting yang bermanfaat bagi kemajuan Perusahaan • Menunjukkan usaha cerdas dan kertas dalam melaksanakan pekerjaan

• Seeing that every duty/assignment is beneficial and important matter for Company’s growth • Demonstrating clever efforts in conducting their duties.

SISTEM PELAPORAN Whistleblowing System PELANGGARAN

Berdasarkan peraturan Bapepam Nomor: KEP-431/BL/2012 Based on BAPEPAM Regulation No:KEP-431/BL/2012 dated tanggal 1 Agustus 2012 perihal penyampaian Laporan Tahunan August 1, 20012 regarding Annual Report of Issuer or Public Emiten atau Perusahaan Publik, Perseroan wajib melaporkan Company, the Company must report violation reporting sistem pelaporan pelanggaran yang dimiliki. Perseroan juga system. The Company has also issued Whistleblowing policy on telah mengeluarkan kebijakan Whistle Blowing pada 7 November 7, 2012 through SE.023/2012/PRESDIR-SKAI. November 2012 melalui SE.023/2012/PRESDIR-SKAI.

Program Whistleblowing Whistleblowing Program Whistleblowing merupakan salah satu sarana yang efektif Whistleblowing is one of effective tools to disclose fraud and dalam membantu mengungkap adanya kejadian fraud dan other irregularities. Management requires all levels of business penyimpangan lainnya. Manajemen mengharuskan setiap unit to consistently conduct a tight and multi-level supervisory, lini unit bisnis untuk secara konsisten menjalankan fungsi and to apply a policy which provides channels for complains as pengawasan melekat dan berjenjang, serta menetapkan an early warning to improve an internal controlling system. The kebijakan dengan membuka saluran pengaduan yang dapat mechanism includes reporting process, following up on didayagunakan sebagai early warning untuk dapat dilakukan the report, communication process and protection for the langkah-langkah penyempurnaan sistem pengendalian internal. whistleblower. Hal yang diatur melalui mekanisme ini mencakup proses pelaporan, tindak lanjut atas pelaporan, proses komunikasi dan program perlindungan bagi whistleblower.

388 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Pelaporan Whistleblowing Whistleblowing Report Pelaporan yang diperoleh dari mekanisme Whistleblower perlu A report by a Whistleblower needs to be followed up, including mendapatkan perhatian dan tindak lanjut, termasuk pengenaan the infliction of proper punishment in order to provide a hukuman yang tepat agar dapat memberikan efek jera bagi deterrent effect for the offender and for those who consider pelaku penyimpangan/pelanggaran dan juga bagi mereka to do the same frauds.Therefore, each submitted information/ yang terpikir melakukan hal tersebut. Oleh sebab itu, setiap report is followed up professionally, and if it is necessary informasi/laporan yang diterima dengan lampiran bukti-bukti an Audit Team will be assigned to investigate/observe the akan ditangani dan ditindaklanjuti secara profesional, dengan submitted information. The report can be submitted by the menugaskan Tim Audit dan Anti Fraud untuk melakukan employee by a sealed letter, email to Directors and the Internal investigasi/observasi kebenaran informasi yang dilaporkan Audit Working Unit and the Loss Event Database (LED) medium, tersebut apabila dianggap perlu. Pelaporan dapat disampaikan which is monitored directly by the Risk Management Working langsung oleh karyawan melalui media surat tertutup, email Unit. kepada Atasan langsung, SKAI, Anti Fraud dan media Loss Event Database (LED) yang dimonitor langsung oleh SKMR.

Perlindungan bagi Pelapor Whistleblower Protection Untuk memberikan perlindungan kepada pemberi infomasi/ To protect whistleblower, management guarantee the pelapor, Manajemen akan menjamin kerahasiaan identitas confidentiality of the whistleblower identity, so that employees pelapor, sehingga karyawan mendapatkan kebebasan untuk are free to report any act of infringements/frauds. If the report melaporkan adanya tindakan penyimpangan/pelanggaran. is proven true, the management will provide awards to the Manajemen akan memberikan penghargaan kepada karyawan employee, who delivers the report on frauds/violations. yang memberikan pengaduan peyimpangan/pelanggaran, apabila pengaduan yang disampaikan terbukti benar.

Penanganan Pengaduan Handling of Complaints Tindak lanjut laporan yang disampaikan oleh whistleblower dan The report delivered by a whistleblower is followed up and mekanisme penanganannya dilakukan oleh Divisi Anti Fraud. handled by the Anti Fraud Division.

Pihak Pengelola Pengaduan Management of Complaints Untuk memastikan bahwa setiap pelaporan ditangani sesuai To ensure that every complaint is handled according to existing dengan ketentuan yang berlaku, maka pengelolaan pengaduan regulation, the management of complaints is carried out by dilakukan oleh Divisi Anti Fraud. Anti Fraud Division.

Hasil dari Penanganan Pengaduan Result on the Handling of Complaints Hasil dari penanganan pengaduan disampaikan oleh Divisi Result on the complaints handling were submitted by the Anti Fraud kepada manajemen yang memuat kesimpulan FDILT to the management, which contains summary on the dari hasil penanganan, serta rekomendasi perbaikan sistem handling, recommendation to improve the weakness of internal pengendalian internal yang masih dinilai terdapat kelemahan controlling system and recommendation of sanction to officers dan juga rekomendasi pemberian sanksi atas petugas- related to the respective matters. The handling of the reported petugas terkait kelemahan yang ditimbulkan. Penanganan case aims to strengthen the internal controlling system, dari kasus yang dilaporkan dimaksudkan dalam rangka untuk motivate all parties/employees to avoid activities/transactions memperkuat sistem pengendalian intern, serta memotivasi that are prone to bring loss to the company and disturb the seluruh pihak/karyawan untuk menghindari kegiatan/transaksi company’s operational. yang dapat berpotensi/berakibat merugikan perusahaan atau dapat mengganggu perusahaan beroperasi secara aman.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 389 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

PENYIMPANGAN INTERNAL INTERNAL FRAUD

Dalam rangka memenuhi Surat Edaran Bank Indonesia No. In fulfilling Circular Letter of Bank Indonesia No. 13/28/DPNP 13/28/DPNP tanggal 9 Desember 2011 perihal Penerapan dated December 9, 2011 regarding Implementation of Anti- Strategi Anti Fraud bagi Bank Umum, serta sebagai salah satu Fraud Strategy for Commercial Bank, and as one of enhancement bagian dari penyempurnaan Kebijakan Sistem Pengendalian parts of Internal Bank Controlling System Policy, the Company Intern Bank, Perseroan mengeluarkan kebijakan penerapan issued policy of Anti-Fraud strategy implementation through strategi anti fraud melalui Surat Keputusan No.SK.007/2012/ Decree No.SK.007/2012/PRESDIR-SKAI regarding Policy of PRESDIR-SKAI tentang Kebijakan Anti Fraud Management Anti-Fraud Management dated June 1, 2012. This is one of tanggal 1 Juni 2012. Ini merupakan wujud komitmen a commitments of Bank management in controlling fraud manajemen Bank dalam mengendalikan fraud yang diterapkan implemented in the form of fraud controlling system. Until dalam bentuk sistem pengendalian fraud. Selama ini, Bank now, Bank Sinarmas has several anti-fraud strategy determined Sinarmas telah memiliki strategi anti-fraud yang diatur pada in every policy, SOP, operational technical guidance, and other setiap Kebijakan, Standar Operasional Prosedur, Petunjuk regulations. Teknis Operasional, dan pengaturan lainnya.

Strategi Anti-Fraud mencakup hal-hal sebagai berikut: Anti-Fraud Strategy includes as follows: 1. Pilar Pencegahan 1. Prevention Pillar Mencegah tindak fraud lebih mudah dari pada Preventing fraud actions is easier than investigating fraud menginvestigasi kasus tindakan fraud. Pencegahan tindak action cases. Prevention of fraud is responsibility of all Bank fraud merupakan tanggung jawab seluruh jajaran Bank dan managements and part of Fraud Control System in order to merupakan bagian dari Sistem Pengendalian Fraud dalam decrease potential of fraud. rangka mengurangi potensi terjadinya fraud. Implementation of prevention functions are as follows: Pelaksanaan fungsi pencegahan meliputi: a. Penerapan Know Your Employee (KYE) yang dilakukan a. Implementation of Know Your Employee that is sejak: conducted since: - Penerimaan karyawan, yang harus dilakukan adalah - Acceptance of employees, what to do is to check the periksa identitas calon yang jelas, melakukan identity of the candidates, match the address, with pencocokan alamat, dengan siapa tinggal. Jika whom they live. If they have ever worked in other pernah bekerja di tempat lain, lakukan konfirmasi companies, confirm to their previous companies, do ke tempat kerja sebelumnya, lakukan BI Checking, BI checking, and check the track record. serta periksa track recordnya. - Pada masa kerja, lakukan rotasi secara berkala, - During the working period, do the rotation regularly, hindari rangkap jabatan, kewajiban cuti, pelatihan avoid concurrent position, furlough obligation, yang berkelanjutan, kenali gaya hidupnya (life style), ongoing training, identify their lifestyle, a leader seorang pimpinan harus mengetahui gaya hidup should know the lifestyle of its staff. stafnya. - Pada saat seorang karyawan resign, cek - When an employee resignes, check his/her kewajibannya kepada bank, konfirmasi ke HCM dan obligations to the bank, confirm to HCM and fulfill penuhi haknya. their rights. b. Pelaksanaan sosialisasi “fraud awareness” secara b. Socialization implementation of “fraud awareness” berkelanjutan, pembinaan keimanan, membudayakan continuously, belief training, knowing each other among its saling mengenal diantara stafnya. staff. c. Membudayakan semangat Zero Tolerance To Fraud c. To grow the spirit of Zero Tolerance Fraud (not tolerate acts (tidak mentolerir tindak fraud), salah satu caranya of fraud), one of ways is to read the declaration of anti- dengan membacakan deklarasi anti fraud pada morning fraud on the morning briefing. briefing.

390 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

d. Setiap karyawan baru wajib membaca dan d. Each new employee must read and sign a declaration of menandatangani deklarasi anti fraud. anti-fraud. e. Mengidentifikasi kerawanan di lingkungan kerja. e. Identifying vulnerabilities in working environment.

2. Pilar Deteksi 2. Detection Pillar Suatu tindak fraud akan segera diketahui dengan cepat An act of fraud will be known sooner or later by people atau lambat oleh orang yang ada di sekitarnya. Mendeteksi around him/her. The fastest detections potential fraud aktifitas yang perpotensi fraud paling cepat adalah rekan activities are coworkers, supervisor or customer. Pillars of kerja dan atasan dari pelaku. Pilar deteksi meliputi hal-hal detection include the following: sebagai berikut: a. Pilar ini merupakan Sistem pengendalian Fraud dalam a. This pillar is Fraud Control System that aims to identify rangka mengidentifikasi dan menemukan fraud dalam and find fraud in Bank business activities. kegiatan usaha Bank. b. Meliputi Kebijakan dan mekanisme Whistle Blowing b. Including policies and mechanism of Whistleblowing (SE.023/2012/PRESDIR-SKAI tanggal 7 Juni 2012), (SE.023/2012/PRESDIR-SKAI dated June 7, 2012), Surprise Audit dan Surveillance System. Surprise Audit and Surveillance System. c. Penanggung jawab terhadap pilar deteksi adalah c. Person in charge of detection pillars is the entire unit, seluruh unit kerja, baik first line of defense, second of both first line of defense, second and third line of defense maupun third line of defense. Jika kejadian defense of defense. If fraud has been detected, then fraud sudah terdeteksi, maka atasan dari pelaku/rekan the supervisor/co-workers/all stakeholders must report kerja/ seluruh Stakeholder wajib melaporkan ke SKAI, to the Internal Auditor, as well as anti-fraud division maupun Divisi anti Fraud atau langsung ke Infokan@ or directly to [email protected] managed by banksinarmas.com yang dikelola oleh Divisi Anti Fraud. Anti-Fraud Division. d. Untuk Surprise Audit dan Surveillance Audit merupakan d. Surprise Audit and Surveillance Audit are parts of the bagian dari Internal Control yang merupakan program Internal Control which is an Internal Audit program. SKAI.

3. Pilar Investigasi, Pelaporan & Sanksi 3. Investigation, Reporting & Sanction Pillar Merupakan tanggung jawab dari Divisi Anti Fraud dan Is the responsibility of the Director of Internal Audit and bagian dari Sistem Pengendalian Fraud dalam rangka Fraud Control Systems in order to handle fraud that occurs penanganan fraud yang terjadi melalui investigasi dan through the investigation and the results are reported to the hasilnya dilaporkan kepada Direktur Utama, Dewan Director, the Board of Commissioners, the Financial Services Komisaris, OJK dan Bank Indonesia, termasuk usulan Authority and Bank Indonesia, including the proposed pengenaan sanksi bagi para pelaku fraud. sanctions for actor of fraud.

4. Pilar Pemantauan, Evaluasi & Tindak Lanjut 4. Monitoring, Evaluating & Following-up Pillar Merupakan tanggung jawab dari Divisi Anti Fraud dan Is the responsibility of the Director of Internal Audit and bagian dari Sistem Pengendalian Fraud dalam rangka part of Fraud Control Systems in monitoring the followed- monitoring atas tindak lanjut hasil investigasi dan evaluasi up results of the investigation and evaluation of the fraud kejadian fraud untuk memperbaiki kelemahan-kelemahan to enhance weaknesses and strengthen the Internal Control dan memperkuat Sistem Pengendalian Intern, agar dapat System, in order to prevent the recurrence of frauds because mencegah terulangnya kembali fraud karena kelemahan of similar weakness. yang serupa.

Kebijakan strategi anti fraud Bank Sinarmas merupakan wujud Anti-fraud policy strategy is a commitment of Sinarmas Bank komitmen Bank Sinarmas dalam mengendalikan fraud, dengan Bank Sinarmas in controlling fraud, by giving no tolerance (zero tidak memberikan toleransi (zero tolerance) pada setiap bentuk tolerance) in any form of fraud, both from internal and external fraud, baik yang berasal dari internal maupun eksternal Bank of Bank Sinarmas. Sinarmas. Annual Report 2014 | PT. BANK SINARMAS Tbk. 391 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

Sesuai dengan Surat Edaran Bank Indonesia No. 15/15/DPNP In accordance with Circular Letter of Bank Indonesia No.15/15/ tanggal 29 April 2013 perihal Pelaksanaan Good Corporate DPNP dated April 29, 2013 regarding the implementation of Governance bagi Bank Umum, yang dimaksud dengan internal Good Corporate Governance for Commercial Bank, internal fraud adalah penyimpangan/kecurangan yang dilakukan fraud relates to any deviation/dishonest behavior committed oleh pengurus, pegawai tetap dan tidak tetap (honorer by management, permanent and nonpermanent employees dan outsorcing) terkait dengan proses kerja dan kegiatan (contract basis and outsourcing) related to the Bank’s operasional Bank yang mempengaruhi kondisi keuangan Bank operational process and activities with significant impact to the secara signifikan. Yang dimaksud dengan mempengaruhi Bank’s financial condition. Impacting significantly to the Bank’s kondisi keuangan Bank secara signifikan adalah apabila dampak financial condition means the fraud impact is more than IDR penyimpangan lebih dari Rp100.000.000 (seratus juta rupiah). 100,000,000,- (One hundred million rupiahs). In general, any Secara umum tindakan penyimpangan atau kecurangan yang deviation/dishonest behavior committed by internal parties of dilakukan oleh pihak intenal Bank merupakan pelanggaran Bank were a violation towards terhadap integritas serta penyelewengan kewenangan. integrity and authority deviation.

Menindaklanjuti Surat Edaran Bank Indonesia No.13/28/DPNP As a follow-up to Circular Letter of Bank Indonesia No.13/28/ tertanggal 9 Desember 2011 perihal Penerapan Strategi Anti DPNP dated December 09, 2011 regarding the Implementation Fraud bagi Bank Umum, maka dikeluarkan kebijakan penerapan of Anti-Fraud Strategies for Commercial Bank, Bank Sinarmas strategi anti fraud melalui Surat Keputusan No.SK.007/2012/ issued anti-fraud policy through the issuance of Decree No. PRESDIR-SKAI tentang Kabijakan Anti Fraud Management pada SK.007/2012/PRESDIR-SKAI dated June 1, 2012. It is a form 1 Juni 2012. Ini merupakan wujud komitmen manajemen Bank of commitment of Bank management in controlling fraud dalam mengendalikan fraud yang diterapkan dalam bentuk implemented in the form of fraud control system. sistem pengendalian fraud.

Sesuai dengan pelaporan ke Bank Indonesia berdasarkan In accordance with the report issued to Bank Indonesia based Laporan Fraud Semester I dan Semester II tahun 2014, maka on Fraud Report 1st Semester and 2nd Semester in 2014, the jumlah kasus penyimpangan internal (internal fraud) dengan total internal fraud cases with loss/deviation above IDR 100 kerugian/penyimpangan diatas Rp100 juta selama periode million during 2014 was 1 (one) case as described below: 2014 adalah 1 (satu) kasus, sebagaimana dijelaskan dalam tabel berikut:

Jumlah Kasus yang Dilakukan oleh / Number of case committed by Pegawai Tidak Tetap Pegawai Tetap / Internal Fraud Pengurus / Management / Non-Permanent Permanent Employee Employee 2013 2014 2013 2014 2013 2014

Fraud Nihil Nihil 2 (dua) Nihil Nihil 1 (satu)

Telah terselesaikan / Settled Nihil Nihil 2 (dua) Nihil Nihil 1 (satu) Dalam proses penyelesaian di internal Bank / Nihil Nihil Nihil Nihil Nihil 1 (satu) Under internal settllement process Belum diupayakan penyelesaiannya / Nihil Nihil Nihil Nihil Nihil Nihil Pending follow-up actions Telah ditindaklanjuti melalui proses hukum / Nihil Nihil Nihil Nihil Nihil Nihil Under litigation process

392 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

PRAKTIK BAD CORPORATE BAD CORPORATE GOVERNANCE GOVERNANCE PRACTICE

Selama 2014, Bank tidak melakukan segala hal yang berkaitan Throughout 2014, the Bank did not conduct any matters dengan praktik-praktik bad corporate governance. Praktik ini related to bad corporate governance practice. This practice cenderung akan merusak sistem tata kelola yang telah dibangun has the tendency to damage the corporate governance system Bank Sinarmas. Adapun informasi yang dapat dihimpun Bank built by Bank Sinarmas. The information collected by the Bank mengenai hal ini adalah sebagai berikut : regarding this matter is as follows:

Praktik / No Keterangan / Description Practice

Adanya laporan sebagai Perusahaan yang mencemari lingkungan / Report as Company that causes 1 Nihil environmental pollution Perkara penting yang sedang dihadapi Perusahaan, entitas anak, Anggota Direksi dan/atau Anggota Dewan Komisaris yang sedang menjabat yang tidak diungkapkan dalam laporan tahunan / Legal cases 2 Nihil faced by the Company, subsidiary, members of the Board of Directors and/or acting members of the Board of Commissioners not disclosed in the annual report 3 Ketidakpatuhan dalam pemenuhan kewajiban perpajakan / Non compliance with the taxation regulation Nihil Ketidakpastian penyajian laporan keuangan dengan PSAK / Uncertainties in the presentation of the 4 Nihil financial reporting by PSAK

KEBERAGAMAN KOMPOSISI DIVERSITY OF THE COMPOSITION DEWAN PENGAWAS DAN DIREKS OF THE BOARD OF SUPERVISORS AND BOARD OF DIRECTORS

Kualitas setiap individu Bank Sinarmas merupakan faktor The quality of each individual of Bank Sinarmas is a significant yang signifikan dalam menunjang kemajuan Bank di masa factor that support the Bank’s progress in the future. This mendatang. Kualitas ini dapat dilihat baik dari segi keterampilan, quality can be seen from the skills, competency, and working kompetensi maupun etos kerja yang dipandang sebagai kunci ethos considered as the main key to success and progress of utama keberhasilan dan kemajuan Bank. Kualitas tersebut the Bank. The qaulity certainly has to be possessed by all leaders tentunya harus dimiliki oleh para pimpinan Perusahaan. Oleh of the Company. Therefore, the Bank sees that there should karena itu, Bank memandang perlu adanya keterampilan yang be various skills to support the increase in the competency to beragam untuk mendukung peningkatan kompetensi, guna fulfill the completeness of the expertise needed for the top memenuhi kelengkapan keahlian yang diperlukan dalam jajaran management, especially the Board of Commissioners and the kepemimpinan, khususnya bagi jajaran Dewan Komisaris serta Board of Directors. Direksi.

Pelaksanaan tata kelola perusahaan dirancang untuk The implementation of corporate governance is designed menciptakan iklim yang mendorong adanya partisipasi konkret to create a climate that supports the real participation of all seluruh pemangku kepentingan serta adanya keberagamanan stakeholders and diversit inthe composition of the Board of dalam susunan komposisi Dewan Komisaris maupun Direksi. Commissioners and the Board of Directors that fulfills various Keberagaman ini diwujudkan melalui pembentukan komposisi aspects needed for qualification in academics, skills, age, and Dewan Komisaris maupun Direksi yang memenuhi berbagai on the basis of anti-discriminator principles. aspek yang diperlukan baik dari segi kualifikasi akademis, keterampilan, usia serta atas dasar prinsip anti diskriminasi. Annual Report 2014 | PT. BANK SINARMAS Tbk. 393 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

394 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement 07 Tanggung Jawab Sosial Perusahaan Corporate Social Responsibility

Annual Report 2014 | PT. BANK SINARMAS Tbk. 395 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

FILOSOFI DAN DASAR KEBIJAKAN PHILOSOPHY AND BASIC POLICY TANGGUNG JAWAB OF RESPONSIBILITY

Dasar Kebijakan Basic Policy Secara garis besar, kebijakan umum CSR yang diterapkan In general, the general policies of CSR implemented in the dalam Perseroan adalah sebagai berikut: Company are as follows: 1. Undang-undang RI No 8 tahun 1999 tentang Perlindungan 1. Law of the Republic of Indonesia No 8 year 1999 on Konsumen. Consumer Protection. 2. Undang-undang RI No 13 tahun 2003 tentang 2. Law of the Republic of Indonesia No. 13 year 2003 on Ketenagakerjaan. Manpower. 3. Undang-undang RI No 40 tahun 2007 tentang Perseroan 3. Law of the Republic of Indonesia No. 40 on Limited Liability Terbatas. Companies. 4. Peraturan Bapepam-LK No.X.K.6 dan Keputusan Bapepam- 4. Bapepam-LK Regulation No.X.K.6 and Bapepam-LK LK Nomor: KEP-431/BL/2012 tertanggal 1 Agustus 2012 Decision Number: KEP-431/BL/2012 dated August 1, 2012 Tentang Penyampaian Laporan Tahunan Emiten atau on Submission of Annual Reports for Issuers or Public Perusahaan Publik. Companies.

396 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

Sasaran Strategis Strategic Objectives Komitmen dalam mensejahterakan kehidupan masyarakat, Commitment to improve welfare of the society, educate future memberikan edukasi kepada generasi muda dan masyarakat generation and the public are the goals of Bank Sinarmas in pada umumnya menjadi sasaran Bank Sinarmas. Bagi Bank general. For the Bank, CSR implementation serves as social Sinarmas, pelaksanaan tanggung jawab sosial merupakan investment that will enrich its mutual relationship with the investasi sosial yang akan memperdalam hubungan timbal balik public; an action that will bring out performance and branding dengan masyarakat sehingga pada akhirnya dapat memberikan improvement of Bank Sinarmas. dampak peningkatan kinerja dan branding Bank Sinarmas.

Seluruh program tanggung jawab sosial perusahaan termasuk All corporate social responsibility program are included in dalam komitmen Bank Sinarmas untuk menerapkan prinsip the Bank’s commitment to implement responsibility principle, responsibility dalam rangka meningkatkan kualitas GCG which will improve GCG quality and create balance between perusahaan dan selalu berupaya menciptakan keselarasan operational performance and profit growth with corporate antara kinerja operasional dan pertumbuhan profit dengan social responsibility. tanggung jawab sosial perusahaan.

Garis Besar Kegiatan Activities Overview Sesuai butir-butir ketentuan Bapepam-LK Nomor: KEP-431/ According to Bapepam-LK Regulation No.: KEP-431/BL/2012 BL/2012 tertanggal 1 Agustus 2012 Tentang Penyampaian dated August 1, 2012 about the Submission of Annual Report Laporan Tahunan Emiten atau Perusahaan Publik, selanjutnya of Public Company, Bank Sinarmas will report on social Bank Sinarmas akan menyampaikan laporan tanggung jawab responsibility reports that include: sosial, meliputi: 1. Ketenagakerjaan, Kesehatan dan Keselamatan Kerja 1. Manpower, Occupational Health and Safety 2. Lingkungan Hidup 2. Environment 3. Pengembangan Sosial dan Kemasyarakatan. 3. Social and Community Development 4. Tanggung jawab Terhadap Nasabah. 4. Responsibility on Customer

Biaya Kegiatan Activities Cost Adapun total dana CSR Bank Sinarmas sepanjang 2014 sebesar The total funds of Bank Sinarmas CSR in 2014 amounted to Rp605.138.742 dengan rincian pengelolaan dana CSR sebagai Rp605,138,742 with details presented as follow: berikut: Pragram CSR Jumlah Dana yang Dianggarkan No CSR Program Allocated Budget

Ketenagakerjaan, Kesehatan dan Keselamatan Kerja / Manpower, 1 - Occupational Health and Safety 2 Lingkungan Hidup / Environment - Pengembangan Sosial dan Kemasyarakatan / Social and Community 3 Rp567.380.242 Development 4 Tanggung jawab Terhadap Nasabah / Responsibility to Customers Rp37.758.500 Jumlah / Total Rp605.138742

Annual Report 2014 | PT. BANK SINARMAS Tbk. 397 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

TANGGUNG JAWAB SOSIAL CORPORATE SOCIAL BIDANG KETENAGAKERJAAN, RESPONSIBILITY ON MANPOWER, KESEHATAN DAN KESELAMATAN OCCUPATIONAL HEALTH AND KERJA SAFETY

Kebijakan Policy Fokus Bank Sinarmas dalam bidang Ketenagakerjaan, Bank Sinarmas focuses on Manpower, Occupational Health Kesehatan dan Keselamatan Kerja diarahkan untuk membentuk and Safety to establish a working environment that can lingkungan kerja yang mampu mendukung pencapaian target support the achievement of optimum target. This good optimal. Kondisi kerja yang baik ini diwujudkan diantaranya working condition is created by giving assurance on health dengan memberikan kepastian mengenai jaminan kesehatan insurance and employees’ safety at work. dan keselamatan para pegawai saat bekerja.

Area kerja operasional Bank Sinarmas yang pada umumnya Bank Sinarmas’ operational area conducted around the office dilakukan di sekitar perkantoran, memiliki tingkat risiko kerja has a lower level of risk compared to the other operational lebih rendah dibandingkan dengan area kerja sektor industri areas of other industries. However, this does not dampen Bank lainnya. Namun bagi Bank Sinarmas, hal ini tidak mengurangi Sinarmas’ efforts to optimally provide health insurance and upaya maksimum Bank Sinarmas dalam memberikan jaminan occupational safety. kesehatan dan keselamatan kerja.

Kegiatan Activities Sejalan dengan konfigurasi kegiatan yang mayoritas berada In line with the large portion of indoor activities of the Bank, di dalam gedung bangunan, maka program Ketenagakerjaan, programs of Manpower, Occupational Health and Safety Kesehatan dan Keselamatan Kerja Bank Sinarmas dijalankan of Bank Sinarmas focuses on the implementation of basic dengan lebih menitikberatkan pada pelaksanaan program program to prevent the risk of work accident and to ensure dasar untuk mencegah risiko kecelakaan kerja dan memastikan the health of employees, one of which is training on disaster kesehatan pegawai, salah satunya adalah latihan dalam management. penanggulangan bencana.

Selain itu, Bank Sinarmas juga menerapkan program standar In addition, Bank Sinarmas implements safety standard keselamatan kerja di lingkungan kantor dengan menyiapkan program in the office environment by preparing relevant peralatan dasar keselamatan yang relevan dan memadai. Hal and proper basic safety equipment. This is supported by ini ditunjang dengan pelaksanaan simulasi dalam waktu-waktu conducting simulation at a specific time on the evacuation tertentu perihal cara evakuasi dalam kondisi darurat. procedure in time of emergency.

Dampak Keuangan Financial Impact Berbagai program tanggung jawab sosial di bidang Various social responsibility programs in Manpower, Ketenagakerjaan, Kesehatan dan Keselamatan Kerja yang Occupational Health and Safety conducted by Bank Sinarmas dilakukan Bank Sinarmas tidak memberikan dampak keuangan do not contribute a significant financial impact to the Company. yang signifikan.

398 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

TANGGUNG JAWAB SOSIAL CORPORATE SOCIAL BIDANG LINGKUNGAN HIDUP RESPONSIBILITY ON THE ENVIRONMENT

Kebijakan Policy Komitmen Bank Sinarmas terhadap kelestarian lingkungan Bank Sinarmas’ commitment to preserve environment is diimplementasikan melalui kebijakan untuk menjaga reflected on its self-starting policies to protect environment on lingkungan dimulai dari lingkungan Perseroan sendiri. Hal ini regular basis to generate enormous impact on surroundings. dilakukan secara berkala, dengan harapan dapat membawa perubahan ke lingkungan yang lebih besar.

Kegiatan Activity Hingga saat ini, pegawai dianjurkan secara ketat untuk Until now, the employees are strongly encouraged to minimize meminimalisasi penggunaan kertas dan energi listrik sebagai the use of paper and energy as a form of concern on earth. bentuk kepedulian terhadap kelestarian bumi. Sebuah This small step is expected to raise the employees’ awareness langkah kecil yang dilakukan ini diharapkan dapat mendorong on environment so that they can contribute a greater role kesadaran karyawan terhadap kelestarian lingkungan dan in a greater environment and deliver enormous impact on kemudian mampu diterapkan di wilayah lebih besar sehingga surroundings. memberikan dampak lebih luas.

Dampak Keuangan Financial Impact Berbagai program tanggung jawab sosial di bidang lingkungan Various social responsibility programs in environment hidup yang dilakukan Bank Sinarmas tidak memberikan conducted by Bank Sinarmas do not contribute a significant dampak keuangan yang signifikan. financial impact to the Company.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 399 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

TANGGUNG JAWAB SOSIAL CORPORATE SOCIAL BIDANG PENGEMBANGAN SOSIAL RESPONSIBILITY ON SOCIAL AND DAN KEMASYARAKATAN COMMUNITY DEVELOPMENT

Kebijakan Policy Sebuah komitmen Bank Sinarmas “We Always Care” dalam Bank Sinarmas employs “We Always Care” commitment in menjalankan program CSR yang berfokus dalam bidang implementing CSR program that focuses on social sector to sosial sebagai bentuk respon terhadap kebutuhan masyarakat meet the demands of local communities in need. This program sekitar yang benar - benar membutuhkan. Program ini meliputi includes the provision of donation and other activities as a form pemberian dana bantuan dan kegiatan lain sebagai bentuk of social activities performed by the people. kegiatan sosial yang dilakukan oleh masyarakat.

Kegiatan Activities Berikut kegiatan tanggung jawab sosial perusahaan dalam The following are corporate social responsibility program in bidang Pengembangan Sosial dan Kemasyarakatan selama Social and Community Development in 2014: 2014: 1. Sponsorship Donor Darah Palang Merah Indonesia 1. Blood Donation Sponsorship of Indonesian Red Cross with bersama Yayasan Budha Tzu Chi bulan Mei, September Tzu Chi Buddhism Foundation on May, September and dan Desember 2014. December 2014. 2. Bantuan kepada korban banjir Manado melalui BMPD 2. Donation for flood victims in Manado through BMPD Manado, Sulawesi Utara. Manado, North Sulawesi. 3. Bantuan kepada korban bencana letusan gunung Kelud 3. Donation for victims of Kelud Mountain eruption to 300 kepada 300 Kepala Keluarga di Desa Ringin Bagus dan Family Heads at Ringin Bagus Village and Tanggulmulyo Dusun Tanggulmulyo, Kediri, Jawa Timur. Village, Kediri, East Java. 4. Bantuan kepada karyawan yang terkena dampak bencana 4. Donation for employees affected by Kelud Mountain letusan gunung Kelud. eruption. 5. Bantuan berupa alat tulis, sembako, dan makanan bayi 5. Donation in the form of stationary, staple food and baby kepada warga tidak mampu di Tangerang. food to underpriviledged communities in Tangerang. 6. Pemberian bantuan kepada Panti Asuhan Santo Yusuf di 6. Donation of staple food for Santo Yusuf Orphanage in Cianjur berupa sembako. Cianjur. 7. Pelaksanaan Donor Darah Bank Sinarmas bersama Palang 7. Conducting Bank Sinarmas Blood Donor with Indonesian Merah Indonesia bulan Mei dan November 2014. Red Cross on May and November 2014. 8. Pelaksanaan kegiatan CSR Bank Sinarmas Cup di 8. Implementation of Bank Sinarmas Cup in Pekanbaru Pekanbaru. 9. Bantuan pembangunan Gedung Serbaguna dan Balai 9. Support for construction of Multi-Purpose Building and Pengobatan Gereja Mater Dei Lampersari, Semarang. Mater Dei Church Clinic Lampersari, Semarang. 10. Pemberian bantuan kepada Panti Asuhan Santo Yusup di 10. Donation for Santo Yusup in Cianjur in the form of 20 Cianjur berupa 20 unit komputer layak pakai dan mesin computer units and washing machines. cuci. 11. Pemberian bantuan Sembako kepada Yayasan Yatim Al - 11. Donation of Staple Food to Al-Yatama Orphanage Yatama, Ternate. Foundation, Ternate.

400 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement

12. Pemberian bantuan kepada Panti Asuhan Candranaya, 12. Donation for Candranaya Oprhanage, Bogor in the form Bogor berupa 10 unit komputer layak pakai. of 10 computer units. 13. Bantuan pembangunan Museum Usman Janati Pangkalan 13. The construction of Umsan Janati Museum, Indonesia Air TNI Angkatan Udara Wirasaba, Purbalingga. Force Base Wirasaba, Purbalingga. 14. Kegiatan Bazaar Minyak Goreng bersama Korem 062, 14. Cooking Oil Bazaar with Korem 062, Garut, West Java. Garut, Jawa Barat. 15. Kegiatan bersama LPPM Universitas Gajah Mada dalam 15. Activities with LPPM Gajah Mada University in KKN hal Program KKN Pemberdayaan Masyarakat Desa Kekait, Program for Community Development of Kekait Village, Lombok Barat, Nusa Tenggara Barat. West Lombok, West Nusa Tenggara. 16. Kegiatan Saur Bersama anak - anak jalanan di Rumah 16. Sahur Gathering with street children in Dilts Foundation Singgah Dilts Foundation. Visitor House. 17. Kegiatan Bazaar Minyak Goreng di Universitas Teknologi 17. Cooking Oil Bazaar at Technology University and Gajah dan Universitas Gajah Mada, Yogyakarta. mada University, Yogyakarta. 18. Bantuan pembangunan gedung ibadah Gereja Kemah Injil 18. Construction of Kemah Injil Indonesia Church, Bekasi. Indonesia, Bekasi. 19. Pemberian bantuan kepada Panti Asuhan Nurul Quran, 19. Donation to Nurul Quran Orphanage, Bekasi in the form Bekasi berupa 20 unit komputer layak pakai dan 20 buah of 20 computer units and 20 Holy Quran books. alquran. 20. Pemberian bantuan wajan petani aren di Desa Kekait, 20. Donation of pan for palm sugar farmers at Kekait Village, Lombok Barat. West Lombok. 21. Pemberian bantuan kepada Yayasan Karmel Keuskupan 21. Donation for Yayasan Karmel Keuskupan Malang in the Malang berupa 23 unit komputer layak pakai. form of 23 computer units. 22. Pemberian bantuan berupa kacamata kepada 133 22. Donation of new glassess for 13 senior batik craftworkers pengrajin batik lanjut usia di Pekalongan, Jawa Tengah. in Pekalongan, Central Java. 23. Bantuan pembangunan Lapau Panjang Cimpago di kota 23. Construction of Lapau Panjang Cimpago at Padang. Padang. 24. Kegiatan Bakti Sosial wali murid dan Guru sekecamatan 24. Social Service activity of students and teachers at Giri Giri di sekolah Tunas Zaitun, Banyuwangi. Subdistrict in Tunas Zaitun school, Banyuwangi. 25. Bantuan pembangunan Perpustakaan SD Bestari Utami di 25. Construction of Library at SD Bestari Utami in Garut, West Garut, Jawa Barat. Java. 26. Bantuan 1 (satu) unit mobil ambulance kepada Markas 26. Donation of 1 (one) ambulance car to Indonesian Army Besar Angkatan Darat Sekolah Staf dan Komando. Headquarter, Staff and Command Academy. 27. Kegiatan renovasi pembangunan plafon Perpustakaan 27. Renovation and construction of Bank Sinarmas Supervised Binaan Bank Sinarmas SDN 05 Nagasari, Karawang. Library ceiling of SDN 05 Nagasari, Karawang. 28. Pemberian bantuan kepada Panti Asuhan Candranaya, 28. Donation for Candranaya Orphanage, Bogor in the form Bogor berupa mesin cuci dan hadiah natal kepada anak of washing machines and Christmas present for the - anak yatim piatu. orphans.

Dampak Keuangan Financial Impact Investasi sosial yang dilakukan oleh Bank Sinarmas melalui The cost for social investment conducted by Bank Sinarmas berbagai program CSR dalam bidang Pengembangan Sosial through numerous CSR program in Social and Community dan Kemasyarakatan telah menghabiskan dana sebesar Development was Rp567,380,242. Rp567.380.242.

Annual Report 2014 | PT. BANK SINARMAS Tbk. 401 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis

TANGGUNG JAWAB SOSIAL CORPORATE SOCIAL TERHADAP NASABAH RESPONSIBILITY TO THE CUSTOMERS

Kebijakan Policy Program tanggung jawab sosial terhadap konsumen dijalankan Social responsibility programs to customers are conducted oleh Bank Sinarmas terutama kepada para nasabah, baik by Bank Sinarmas, especially to customers’ savings, debtors nasabah simpanan, pinjaman, maupun jasa perbankan dengan or bank customers by striving to always deliver service mengupayakan pelayanan prima dan sempurna. excellence.

Bank Sinarmas menyediakan ragam produk dan layanan jasa Bank Sinarmas provides a wide range of banking products perbankan yang senantiasa disesuaikan dengan kebutuhan and services that are always adjusted to the needs, coupled disertai kemudahan akses dan pelayanan optimal. Uraian lebih easy access and optimal service. Further descriptions of the lanjut tentang layanan Bank Sinarmas juga disajikan dalam services is also presented in the section of “Line of Business” pembahasan “Bidang Usaha” halaman 49. on page 49.

Kegiatan Activities Bank Sinarmas memiliki layanan untuk saran dan keluhan Bank Sinarmas provides service for customers opinion and nasabah melalui Bank Sinarmas CARE yang dapat dihubungi complain through Bank Sinarmas CARE by contacting (021) lewat nomor (021) 501 88888 dan 1500 153 atau email ke 501 88888 and 1500 153 or by email to care@banksinarmas. care@bank sinarmas.com. Selain itu, pada 2014 Bank Sinarmas com. In addition, Bank Sinarmas performed CSR activities such juga melakukan berbagai kegiatan CSR terhadap nasabah, as: diantaranya: 1. Pemberian edukasi (pelatihan) Manajemen Usaha Mikro 1. Training on Micro Business Managemnt to Micro/Small kepada pengusaha Mikro / Kecil di Jogjakarta. businss etrepreneurs in Jogjakarta. 2. Pemberian edukasi perbankan kepada anak - anak Sekolah 2. Providing banking education to Elementary School students Dasar di SDN 02, Lebak Bulus dan bantuan berupa 20 unit at SDN 02, Lebak Bulus in addition to 20 computer units. komputer layak pakai.

Dampak Keuangan Financial Impact Dampak keuangan atas program CSR kepada nasabah meliputi Financial impact on CSR program for customers covers kegiatan pemberian edukasi (pelatihan) Manajemen Usaha education on Micro-Business Management in Jogjakarta and Mikro di Jogjakarta dan Edukasi Perbankan kepada anak - anak Banking Education for Elementary School students at SDN Sekolah Dasar di SDN 02, Lebak Bulus serta bantuan berupa 20 02, Lebak Bulus and donation of 20 (twenty) computer units (dua puluh) unit komputer layak pakai sebesar Rp37.758.500. amounted to Rp37,758,500.

402 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Halaman ini sengaja dikosongkan This page is intentionally left blank Surat Pernyataan Anggota Dewan Komisaris dan Anggota Direksi Tentang Tanggung Jawab atas Laporan Tahunan 2014 PT. Bank Sinarmas Tbk. Statement of Members of Board of Commissioners and Members Board of Directors on the Responsibility for the 2014 Annual Report of PT. Bank Sinarmas Tbk.

Kami yang bertanda tangan di bawah ini menyatakan We, the undersigned, testify that all information in the Annual bahwa semua informasi dalam Laporan Tahunan PT. Bank Report of PT. Bank Sinarmas Tbk. for 2014 is presented in its Sinarmas Tbk. tahun 2014 telah dimuat secara lengkap entirety and we are fully responsible for the correctness of dan bertanggung jawab penuh atas kebenaran isi laporan the contents in the Annual Report and Financial Report of the tahunan dan laporan keuangan perusahaan. Company.

Demikian pernyataan ini dibuat dengan sebenarnya. This statement is hereby made in all truthfulness.

Jakarta, 24 April 2015

Dewan Komisaris Board of Commissioners

Tjendrawati Widjaja Sammy Kristamuljana Komisaris Utama Komisaris Independen President Commissioner Independent Commissioner

Rusmin Komisaris Independen Independent Commissioner

404 PT. BANK SINARMAS Tbk. | Laporan Tahunan 2014 Direksi Board of Directors

Heru Agus Wuryanto Freenyan Liwang Loa Johnny Mailoa Direktur Direktur Utama Direktur Director President Director Director

Halim Salis Teguh Hartono Hanafi Himawan Direktur Direktur Independen Direktur Independen Director Independent Director Independent Director

Annual Report 2014 | PT. BANK SINARMAS Tbk. 405 Referensi Otoritas Jasa Keuangan (OJK) OJK References

Referensi Otoritas Jasa Keuangan (OJK) / Financial Services Authority Reference

HALAMAN / KRITERIA / CRITERIA PENJELASAN / DESCRIPTION PAGE

I. Umum / General

Laporan tahunan disajikan dalam Annual Report is presented in bahasa Indonesia yang baik dan good and correct Indonesian benar dan dianjurkan menyajikan and it is recommended to √ juga dalam bahasa Inggris. present the report also in English.

Laporan tahunan dicetak dengan Annual report is printed in good kualitas yang baik dan menggunakan quality and use type and font so √ jenis dan ukuran huruf yang mudah that the text is easy to read. dibaca.

Laporan tahunan mencantumkan Annual report should state Nama Perusahaan dan Tahun Annual Report Name of company and year of the annual report is identitas perusahaan dengan jelas. clearly the identity of the ditampilkan di: placed on: company. 1. Sampul muka; 1. The front cover; √ 2. Samping; 2. Side; 3. Sampul belakang; 3. Back Cover; 4. Setiap halaman 4. Each page

Laporan tahunan ditampilkan di Annual Report is presented in √ website perusahaan the company’s website

II. Ikhtisar Data Keuangan Penting / Financial data Highlights

Informasi hasil usaha perusahaan Financial information in Informasi memuat antara lain: The information includes: dalam bentuk perbandingan selama 3 comparative form over a period 1. Penjualan/pendapatan usaha 1. Sales/income from business (tiga) tahun buku atau sejak memulai of 3 financial years or since the 2. Laba (rugi) 2. Gross profit (loss) usahanya jika perusahaan tersebut commencement of business if 3. Total laba (rugi) komprehensif 3. Comprehensive 8 menjalankan kegiatan usahanya the company has been running 4. Laba (rugi) per saham profit (loss) selama kurang dari 3 (tiga) tahun. its business activities for less 4. Profit (loss) per share than 3 years.

Informasi posisi keuangan Financial position information in Informasi memuat antara lain: The information includes: perusahaan dalam bentuk comparative form over a period 1. Modal kerja bersih 1. Net operating capital perbandingan selama 3 (tiga) of 3 financial years or since the 2. Jumlah investasi pada entitas asosiasi dan/atau 2. Total investment in associate entities and/or joint tahun buku atau sejak memulai commencement of business if joint venture venture 8 usahanya jika perusahaan tersebut the company has been running 3. Jumlah aset 3. Total Assets menjalankan kegiatan usahanya its business activities for less 4. Jumlah liabilitas 4. Total Liabilities selama kurang dari 3 (tiga) tahun. than 3 years. 5. Jumlah ekuitas 5. Total equities

Rasio keuangan dalam bentuk Financial ratio in comparative Informasi memuat 5 (lima) rasio keuangan yang Information includes 5 (five) financial ratios that are perbandingan selama 3 (tiga) form over a period of 3 (three) umum dan relevan dengan industri perusahaan. common and relevant to the industry the company. tahun buku atau sejak memulai financial years or since the usahanya jika perusahaan tersebut commencement of business if 8-9 menjalankan kegiatan usahanya the company has been running selama kurang dari 3 (tiga) tahun. its business activities for less then 3 (three) years.

Informasi harga saham dalam bentuk Share price information in the Informasi dalam bentuk tabel dan grafik yang Information in the form of chart and table includes: tabel dan grafik. form of chart and table. memuat: 1. Total outstanding shares 1. Jumlah saham yang beredar; 2. Market capitalization 2. Kapitalisasi pasar; 3. The highest, lowest, and closing price of share 3. Harga saham tertinggi, terendah, dan 4. Trading volume on a quarterly basis during the last 10-11 penutupan; dan 2 (two) fiscal years. 4. Volume perdagangan untuk setiap masa triwulan dalam 2 (dua) tahun buku terakhir (jika ada).

Informasi mengenai obligasi, sukuk Information on outstanding Informasi memuat: The information contains: atau obligasi konversi yang masih bond, sukuk or convertible 1. Jumlah obligasi/sukuk/obligasi konversi yang 1. The number of bonds/sukuk/outstanding bonds beredar dalam 2 (dua) tahun buku bond within the las 2 (two) beredar (outstanding) 2. The interest Rate / exchange N/A terakhir. fiscal years. 2. Tingkat bunga/imbalan 3. Date of maturity 3. Tanggal jatuh tempo 4. The rating of bonds / sukuk 4. Peringkat obligasi/sukuk

III. Laporan Dewan Komisaris dan Direksi / Board of Commissioners and Board of Directors Report

Laporan Dewan Komisaris Board of Commissioners’ Report Memuat hal-hal sebagai berikut: Contains the following items: 1. Penilaian atas kinerja Direksi mengenai 1. Assessment on the performance of the Board of pengelolaan perusahaan Directors in managing the company. 2. Pandangan atas prospek usaha perusahaan 2. View on the prospects of the company’s business 22-29 yang disusun oleh Direksi. as established by the Board of Directors. 3. Perubahan komposisi Dewan Komisaris dan 3. Changes in the composition of the Board of alasan perubahannya (jika ada) Commissioners (if any).

Laporan Direksi Board of Directors’ Report Memuat hal-hal sebagai berikut: Contains the following items: 1. Analisis atas kinerja perusahaan, yang 1. Analysis of company’s performance, encompassing mencakup antara lain kebijakan strategis, strategic policies, comparison between perbandingan antara hasil yang dicapai dengan achievement of results and targets and challenges yang ditargetkan, dan kendala-kendala yang faced by the company 30-39 dihadapi perusahaan 2. Description of business outlooks 2. Gambaran tentang prospek usaha 3. The implementation of good corporate 3. Penerapan tata kelola perusahaan governance 4. Perubahan komposisi anggota Direksi dan 4. Changes in the composition of the Board of alasan perubahannya (jika ada) Directors (if any)

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Tanda tangan anggota Direksi dan Signature of members of the Memuat hal-hal sebagai berikut: Contains the following items: anggota Dewan Komisaris Board of Directors and Board of 1. Tanda tangan dituangkan pada lembaran 1. Signatures are set on a separate page. Commissioners tersendiri 2. Pernyataan bahwa Direksi dan Dewan Komisaris 2. Statement that the Board of Directors and the bertanggung jawab penuh atas kebenaran isi Board of Commissioners are fully responsible for laporan tahunan. the accuracy of the annual report. 3. Ditandatangani seluruh anggota Dewan 3. Signed by all members of the Board of Komisaris dan anggota Direksi dengan Commissioners and Board of Directors, stating 404-405 menyebutkan nama dan jabatannya their names and titles/positions. 4. Penjelasan tertulis dalam surat tersendiri 4. A written explanation in a separate letter from dari yang bersangkutan dalam hal terdapat each member of the Board of Commissioners or anggota Dewan Komisaris atau Direksi yang Board of Directors who refuses to sign the annual tidak menandatangani laporan tahunan, atau: report, or: written explanation in a separate letter penjelasan tertulis dalam surat tersendiri dari from the other members in the event that there anggota yang lain dalam hal tidak terdapat is no written explanation provided by the said penjelasan tertulis dari yang bersangkutan member.

IV. Profil Perusahaan / Company Profile

Nama dan alamat lengkap Name and address of the Informasi memuat antara lain nama dan alamat, Information on name and address, zip code, telephone 42 perusahaan Company kode pos, no. Telp, no. Fax, email, dan website and or facsimile, email, website.

Riwayat singkat perusahaan Brief history of the company Mencakup antara lain: tanggal/tahun pendirian, Includes date/year of establishment, name, and 43-44 nama, dan perubahan nama perusahaan (jika ada). change in the company name (if any)

Bidang usaha Line of Business Uraian mengenai antara lain: Description about: 1. Kegiatan usaha perusahaan menurut anggaran 1. Line of business based on the latest articles of dasar terakhir; dan association; and 46-57 2. Penjelasan mengenai produk dan/atau jasa yang 2. Description of products/services dihasilkan

Struktur organisasi Organizational Structure Dalam bentuk bagan, meliputi nama dan jabatan In the form of a chart, giving the names and titles at paling kurang sampai dengan struktur satu tingkat the least until one level below the Board of Directors. 64-65 di bawah direksi

Visi dan misi perusahaan Company Vision and Mission Mencakup: Including: 1. visi perusahaan; 1. Corporate vision 2. misi perusahaan; dan 2. Mission; and 45 3. keterangan bahwa visi dan misi tersebut telah 3. Statement that the vision and mission has been disetujui oleh Direksi/Dewan Komisaris approved by the Board of Directors/Board of Commissioners

Identitas dan riwayat hidup singkat Identity and brief curriculum Informasi memuat antara lain: The information should contain: anggota Dewan Komisaris vitae of the members of the 1. Nama 1. Name Board of Commissioners; 2. Jabatan (termasuk jabatan pada perusahaan 2. Position (including atau lembaga lain) position in other companies/institutions) 3. Umur 3. Age 66-68 4. Pendidikan 4. Education 5. Pengalaman kerja 5. Working experience 6. Tanggal penunjukan pertama kali sebagai 6. The first appointment date as member of Board of anggota Dewan Komisaris Commissioners

Identitas dan riwayat hidup singkat Identity and brief curriculum Informasi memuat antara lain: The information should contain: anggota Direksi vitae of the members of the 1. Nama 1. Name Board of Directors; 2. Jabatan (termasuk jabatan pada perusahaan 2. Position (including atau lembaga lain) position in other companies/institutions) 3. Umur 3. Age 69-76 4. Pendidikan 4. Education 5. Pengalaman kerja 5. Working experience 6. Tanggal penunjukan pertama kali sebagai 6. The first appointment date as member of Board of anggota Direksi Directors

Jumlah karyawan (komparatif 2 Number of employees Informasi memuat antara lain: The information should contain: tahun) dan deskripsi pengembangan (comparative in 2 years) and 1. Jumlah karyawan untuk masing-masing level 1. The number of employees for each level of the kompetensinya (misal: aspek description of competence organisasi organization. pendidikan dan pelatihan karyawan) building (for example: education 2. Jumlah karyawan untuk masing-masing tingkat 2. The number of employees for each level of and training of employees) pendidikan education 84-87 3. Pelatihan karyawan yang telah dilakukan 3. Training of employee that has been and will be dengan mencerminkan adanya persamaan conducted kesempatan kepada seluruh karyawan 4. Biaya yang telah dikeluarkan 4. Availability of equal opportunity to all employees

Komposisi pemegang saham Composition of shareholders Mencakup antara lain: Should include: 1. Nama pemegang saham yang memiliki 5% atau 1. Names of shareholders having 5% or more shares. lebih saham 2. Names of Directors and Commissioners 2. Nama direktur dan komisaris yang memiliki owning shares 80-81 saham 3. Public shareholders having respective share 3. Kelompok pemegang saham masyarakat ownership of less than 5% and its percentage dengan kepemilikan saham masing-masing kurang dari 5%,dan persentase kepemilikannya

Daftar entitas anak dan/atau entitas List of subsidiaries and/or Informasi memuat antara lain : The information should asosiasi affiliated companies include: 1. Nama entitas anak dan/atau asosiasi 1. Name of subsidiaries/affiliated companies 2. Persentase kepemilikan saham 2. Percentage of share ownership 3. Keterangan tentang bidang usaha entitas anak 3. Information on the line of business of subsidiaries 106-125 dan/atau entitas asosiasi and/or associate entities 4. Explanation regarding the operational status of the 4. Keterangan status operasi entitas anak dan/atau subsidiary or affiliated company (already operating entitas asosiasi (telah beroperasi atau belum or not yet operating) beroperasi)

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Struktur grup perusahaan Structure of company’s group Struktur grup perusahaan yang menggambarkan Structure of company’s group describing subsidiaries, entitas anak, entitas asosiasi, joint venture, dan associate entities, joint venture, and special purpose 78-79 special purpose vehicle (SPV), atau pernyataan tidak vehicle (SPV), or statement of having no group. memiliki grup

Kronologis pencatatan saham Share-listing chronology Mencakup antara lain: Includes: 1. Kronologis pencatatan saham 1. Share-listing chronology 2. Jenis tindakan korporasi (corporate action) yang 2. Types of corporate action causing changes in the menyebabkan perubahan jumlah saham number of shares 3. Perubahan jumlah saham dari awal pencatatan 3. Changes in the number of shares from the N/A sampai dengan akhir tahun buku beginning of listing up to the end of the financial 4. Nama bursa dimana saham perusahaan year dicatatkan 4. Name of Stock Exchange where the company’s shares are listed

Kronologis pencatatan efek lainnya; Other securities listing Mencakup antara lain: Includes: chronology 1. Kronologis pencatatan efek lainnya 1. Other securities listing chronology 2. Jenis tindakan korporasi (corporate action) yang 2. Types of corporate action causing changes in the menyebabkan perubahan jumlah efek lainnya number of securities 3. Perubahan jumlah efek lainnya dari awal 3. Changes in the number of securities from the N/A pencatatan sampai dengan akhir tahun buku initial listing up to the end of the financial year 4. Nama Bursa dimana efek lainnya dicatatkan 4. Name of Stock Exchange where the company’s 5. Peringkat efek securities are listed 5. Rating of the securities

Nama dan alamat lembaga dan atau Name and address of institution Informasi memuat antara lain: The information contains: profesi penunjang pasar modal and or profession supporting the 1. Nama dan alamat BAE 1. Name and address of BAE 103 capital market 2. Nama dan alamat Kantor Akuntan Publik 2. Name and address of Public Accounting Firm 3. Nama dan alamat Perusahaan Pemeringkat Efek 3. Name and address of share registrar

Penghargaan dan/atau sertifikasi Awards and/or certificates Informasi memuat antara lain: Information should include: yang diterima perusahaan baik received by the company, both 1. Nama penghargaan dan/atau sertifikasi 1. Name of the awards and/or certification yang berskala nasional maupun at national and international 2. Tahun perolehan 2. Year when awards are received 18-19 internasional level 3. Badan pemberi penghargaan dan/atau sertifikasi 3. Institution presenting the awards/ceritication 4. Masa berlaku (untuk sertifikasi) 4. Period of validity (for certification)

Nama dan alamat entitas anak dan/ Name and address of atau kantor cabang atau kantor subsidiaries and/or branch office 106-125 perwakilan (jika ada) or representative office (if any)

V. Analisis dan Pembahasan Manajemen atas Kinerja Perusahaan / Managament Discussion and Analysis

Tinjauan operasi per segmen usaha Operational review per business Memuat uraian mengenai: Includes description of: segment 1. Produksi/kegiatan usaha; 1. Products/line of business; 2. Peningkatan/penurunan kapasitas produksi; 2. Increase/decrease in production capacity 3. Penjualan/pendapatan usaha; 3. Sales/operating income 131-138 4. Profitabilitas; 4. Profitability untuk masing-masing segmen usaha yang For each business segment disclosed in the diungkapkan dalam laporan keuangan (jika ada) financial statement (if any)

Uraian atas kinerja keuangan Description of company’s Analisis kinerja keuangan yang mencakup An analysis of financial performance which includes a perusahaan financial performance perbandingan antara kinerja keuangan tahun yang comparison between the financial performance of the bersangkutan dengan tahun sebelumnya (dalam current year and that of the previous year (in the form bentuk narasi dan tabel), antara lain mengenai: of narration and tables) concerning: 1. Aset lancar, aset tidak lancar, dan total aset 1. Current assets, non-current assets, and amount of assets 2. Liabilitas jangka pendek, liabilitas jangka 2. Short term and long term liabilities and total 139-147 panjang dan total liabilitas liabilities 3. Ekuitas 3. Equity 4. Penjualan/pendapatan usaha, beban dan laba 4. Sales/operating income, expenses and profit (rugi), pendapatan komprehensif lain, dan total (loss), other comprehensive revenue, and total laba (rugi) komprehensif comprehensive profit (loss) 5. Arus kas 5. Cash flow

Bahasan dan analisis tentang Discussion and analysis on the Penjelasan tentang : Explanation on: kemampuan membayar utang capacity to pay debts and the 1. Kemampuan membayar hutang, baik jangka 1. Capacity to pay short term and long term debts dan tingkat kolektibilitas piutang company’s level of receivables pendek maupun jangka panjang 2. Receivables collectability level 148 perusahaan, dengan menyajikan collectability by presenting 2. Tingkat kolektibilitas piutang perhitungan rasio yang relevan relevant ratio calculation

Bahasan tentang struktur modal Discussion on capital structure, Penjelasan atas: Explanation on: (capital structure), dan kebijakan management policies on capital 1. Struktur modal (capital structure), dan 1. Capital structure, and 148-150 manajemen atas struktur modal structure 2. Kebijakan manajemen atas struktur modal 2. Capital structure policies (capital structure policy) (capital structure policies)

Bahasan mengenai ikatan yang Discussion on material ties for Penjelasan tentang: Explanation on: material untuk investasi barang the investment of capital goods 1. Tujuan dari ikatan tersebut 1. The purpose of the ties modal 2. Sumber dana yang diharapkan untuk memenuhi 2. Fund resources expected to fulfill the said ties ikatan-ikatan tersebut 3. Mata uang yang menjadi denominasi 3. Currency of denomination 4. Langkah-langkah yang direncanakan 4. Steps taken by the company to protect the 150 perusahaan untuk melindungi risiko dari posisi position of related currency against risks. mata uang asing yang terkait Catatan: apabila perusahaan tidak mempunyai Notes: if the company does not have tie related to ikatan terkait investasi barang modal, agar investment of capital goods, the information should diungkapkan be disclosed.

Jika laporan keuangan If the financial statement Penjelasan mengenai: Description of: mengungkapkan peningkatan discloses a material increase 1. Besaran peningkatan/penurunan penjualan atau 1. Amount of an increase/decrease of sales/net atau penurunan yang material dari or decrease in the sales or net pendapatan bersih income penjualan/pendapatan bersih, maka income, an explanation should 2. Faktor penyebab peningkatan/penurunan 2. Factors causing the material increase/decrease berikan bahasan tentang sejauh be disclosed concerning the material dari penjualan atau pendapatan bersih from sales or net income related to total goods or N/A mana perubahan tersebut dapat extent to which such changes yang dikaitkan dengan jumlah barang atau jasa services and or new products/services. dikaitkan dengan jumlah barang can be linked to the amount of yang dijual, dan/atau adanya produk atau jasa atau jasa yang dijual, dan/atau goods or service offered and/or baru. adanya produk atau jasa baru. new products/services.

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Informasi perbandingan antara Information on the comparison Informasi memuat antara lain: Information should include: target pada awal tahun buku between target set at the 1. perbandingan antara target pada awal tahun 1. Comparison between target of the beginning of dengan hasil yang dicapai (realisasi), beginning of the fiscal year buku dengan hasil yang dicapai (realisasi) the year and the realization dan target atau proyeksi yang ingin and the realization and target 2. target atau proyeksi yang ingin dicapai dalam 2. Target or projection for the next year dicapai untuk satu tahun mendatang or projection for the next year satu tahun mendatang 147 mengenai pendapatan, laba, struktur concerning revenue, profit, permodalan, atau lainnya yang capital stricter, and others dianggap penting bagi perusahaan considered important for the company.

Informasi dan fakta material yang Information and material fact Uraian kejadian penting setelah tanggal laporan Description of important events after the date of terjadi setelah tanggal laporan subsequent to the date of akuntan termasuk dampaknya terhadap kinerja dan the accountant’s report, including the effects on the akuntan accountant risiko usaha di masa mendatang. performance and business risk in the future 150 Catatan: apabila tidak ada kejadian penting setelah Note: if there is no important event after the date of tanggal laporan akuntan, agar diungkapkan the accountant report, such information should be disclosed

Uraian tentang prospek usaha Description of the company’s Uraian mengenai prospek perusahaan dikaitkan Description of the company’s prospects related perusahaan business prospects dengan industri dan ekonomi secara umum disertai to overall industry and economy, complete with 169-170 data pendukung kuantitatif dari sumber data yang quantitative data and reliable sources layak dipercaya

Uraian tentang aspek pemasaran Description of marketing aspects Uraian tentang aspek pemasaran atas produk Description of marketing aspect of products and/or dan/atau jasa perusahaan, antara lain strategi services, such as marketing strategy and market share 154-155 pemasaran dan pangsa pasar

Uraian mengenai kebijakan dividen Description on dividend policy Memuat uraian mengenai: Information includes: dan jumlah dividen kas per saham and amount of cash dividend 1. Jumlah dividen kas 1. Total cash dividend dan jumlah dividen per tahun yang per share and amount of 2. Jumlah dividen kas per saham 2. Total cash dividend per year 155-156 diumumkan atau dibayar selama 2 dividend per year published/ 3. Payout ratio untuk masing-masing tahun 3. Payout ratio for each year (dua) tahun buku terakhir paid for the last 2 (two) financial Catatan: apabila tidak ada pembagian dividen, agar Notes: if there is no dividend distribution, the reason years. diungkapkan alasannya should be disclosed

Realisasi penggunaan dana hasil Realization of fund utilization Memuat uraian mengenai: The information should include: penawaran umum (dalam hal from public offering (should the 1. Total perolehan dana, 1. total funds obtained, perusahaan masih diwajibkan company be required to submit 2. Rencana penggunaan dana, 2. budget plan, menyampaikan laporan realisasi the report of fund utilization) 3. Rincian penggunaan dana, 3. details of budget plan, 156 penggunaan dana) 4. Saldo dana, dan 4. balance, and 5. Tanggal persetujuan RUPS atas perubahan 5. Date of approval from General Meeting of penggunaan dana (jika ada) Shareholders regarding the changes in fund utilization (if any)

Informasi material mengenai Material information concerning Memuat uraian mengenai: The information should include investasi, ekspansi, divestasi, investment, expansion, 1. Tujuan dilakukannya transaksi; 1. The purpose of transaction penggabungan/peleburan usaha, divestment, consolidation/ 2. Nilai transaksi atau jumlah yg direstrukturisasi; 2. Transaction value or number of transaction 151 akuisisi atau restrukturisasi utang/ merger, acquisition or debt/ 3. Sumber dana. 3. Fund resource modal. capital restructuring. Catatan: apabila tidak mempunyai transaksi Note: If there is no such transaction, the information dimaksud, agar diungkapkan should be disclosed

Informasi transaksi material yang Transaction information Memuat uraian mengenai: The information should include: mengandung benturan kepentingan material conflict of interest and/ 1. Nama pihak yang bertransaksi dan sifat 1. Name of the parties involved in the transactions dan/atau transaksi dengan pihak or transactions with affiliated hubungan afiliasi; and related affiliation afiliasi. parties. 2. Penjelasan mengenai kewajaran transaksi; 2. Explanation on fairness of transaction 3. Alasan dilakukannya transaksi; 3. Reason for transaction 4. Realisasi transaksi pada periode berjalan; 4. Realization of transaction within the period 152-153 5. Kebijakan perusahaan terkait dengan 5. Corporate policy related to review mechanism of mekanisme review atas transaksi; the transaction; and 6. Pemenuhan peraturan dan ketentuan terkait 6. Compliance to provisions and concerned regulation Catatan: apabila tidak mempunyai transaksi Note: if there is no such transaction, such information dimaksud, agar diungkapkan should be disclosed

Uraian mengenai perubahan Description on changes in Uraian memuat antara lain: perubahan peraturan Description should include: changes in the regulation peraturan perundang-undangan regulation having significant perundang-undangan dan dampaknya terhadap and its effect on the company yang berpengaruh signifikan effect on the company perusahaan 157-162 terhadap perusahaan Catatan: apabila tidak terdapat perubahan Note: if there is no change in the regulation having peraturan perundang-undangan yang berpengaruh significant effect on the company, such information signifikan, agar diungkapkan should be disclosed

Uraian mengenai perubahan Description on changes in the Uraian memuat antara lain: perubahan kebijakan Description includes changes in accounting policy, its kebijakan akuntansi accounting policy akuntansi, alasan dan dampaknya terhadap laporan reasons and impacts on financial report keuangan 163-169 Catatan: apabila tidak terdapat perubahan Notes: if there is no change in accounting policy, such kebijakan akuntansi, agar diungkapkan information should be disclosed

VI. Tata Kelola Perusahaan Yang Baik / Good Corporate Governance

Uraian Dewan Komisaris Description of Board of Uraian memuat antara lain: Description includes: Commissioners 1. Uraian tanggung jawab Dewan Komisaris 1. Descripiton of responsibilities of Board of Commissioners 2. Pengungkapan prosedur penetapan remunerasi 2. Disclosure of procedures of determining 3. Struktur remunerasi yang menunjukkan remuneration komponen remunerasi dan jumlah nominal 3. Remuneration structure that represents per komponen untuk setiap anggota Dewan remuneration component and amount per Komisarisrja Dewan Komisaris) component for each member of Board of 305-313 4. Frekuensi pertemuan dan tingkat kehadiran Commissioners Dewan Komisaris dalam pertemuan 4. Meeting frequency and attendance level of Board 5. Program pelatihan dalam rangka meningkatkan of Commissioners kompetensi Dewan Komisaris 5. Training programs to increase the competency of 6. Pengungkapan mengenai Board Charter Board of Commissioners (pedoman dan tata tertib Dewan Komisaris 6. Disclosure of Board Charter (regulation of Board of Commissioners)

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Uraian Direksi Description of Board of Directors Uraian memuat antara lain: Description includes: 1. Ruang lingkup pekerjaan dan tanggung jawab 1. Scope of works and responsibility of each member masing-masing anggota Direksi of the Board of Diretors 2. Frekuensi pertemuan 2. Meeting frequency 3. Tingkat kehadiran anggota direksi dalam 3. Attendance level of each member of the Board 314-332 pertemuan 4. Training programs for improving the competence 4. Program pelatihan dalam rangka meningkatkan of the Board kompetensi direksi 5. Disclosure on Board Charter (regulation of Board 5. Pengungkapan mengenai Board Charter of Directors) (pedoman dan tata tertib kerja Direksi)

Assessment terhadap anggota Assessment on Board of Mencakup antara lain: Includes: Dewan Komisaris dan/atau Direksi Commissioners and Board of 1. Proses pelaksanaan assessment atas kinerja 1. Assessment on performance of Board of Directors anggota Dewan Komisaris dan/atau Direksi Commissioners and/or Board of Directors’ 2. Kriteria yang digunakan dalam pelaksanaan performance 339 assessment atas kinerja anggota Dewan 2. Criteria used in the assessment process Komisaris dan/atau Direksi 3. Parties conducting assessment 3. Pihak yang melakukan assessment

Uraian mengenai kebijakan Description on remuneration Mencakup antara lain: Includes: remunerasi bagi Direksi policies for Board of Directors 1. Pengungkapan prosedur penetapan remunerasi 1. Disclosure of procedure of determining 2. Struktur remunerasi yang menunjukkan jenis remuneration dan jumlah imbalan jangka pendek, pasca kerja, 2. Remuneration structure which shows type and dan/atau jangka panjang lainnya untuk setiap total short term and long term returns, post 337-338 anggota Direksi employment, and other long term kinds of 3. Pengungkapan indikator kinerja untuk remuneration for each member of the Board of mengukur performance Direksi Directors 3. Disclosure of performance indicator to assess the performance of the Board of Directors.

Informasi mengenai Pemegang Information on the Majority and Dalam bentuk skema atau diagram In the form of scheme or diagram Saham Utama dan Pengendali, baik Controlling Shareholders, direct 80-81 langsung maupun tidak langsung, and indirectly, and the individual sampai kepada pemilik individu shareholder

Pengungkapan hubungan afiliasi Disclosure of affiliation among Mencakup antara lain: Include: antara anggota Direksi, Dewan Board of Directors, Board of 1. Hubungan afiliasi antara anggota Direksi 1. Affiliation among internal members of the Board Komisaris, dan Pemegang Saham Commissioners, and Majority dengan anggota Direksi lainnya of Directors Utama dan/atau Pengendali and/or Controlling Shareholders 2. Hubungan afiliasi antara anggota Direksi 2. Affiliation between the Board of Directors and the dengan anggota Dewan Komisaris Board of Commissioners 3. Hubungan afiliasi antara anggota Direksi 3. Affiliation between the member of the Board dengan Pemegang Saham Utama dan/atau of Directors and Majority and/or Controlling Pengendali Shareholders 332-337 4. Hubungan afiliasi antara anggota Dewan 4. Affiliation among internal members of the Board Komisaris dengan anggota Dewan Komisaris of Commissioners lainnya 5. Affiliation between the member of the Board of 5. Hubungan afiliasi antara anggota Dewan Commissioners and Majority and/or Controlling Komisaris dengan Pemegang Saham Utama Shareholders dan/atau Pengendali Note: if there is no such transaction, such information Catatan: apabila tidak mempunyai hubungan afiliasi should be disclosed dimaksud, agar diungkapkan

Komite Audit Audit Committee Mencakup antara lain: Includes: 1. Nama dan jabatan anggota komite audit 1. Name and position of each member of audit committee 2. Kualifikasi pendidikan dan pengalaman kerja 2. Educational background and working experience anggota komite audit of audit committee member 3. Independensi anggota komite audit 3. Independency of audit committee member 339-343 4. Uraian tugas dan tanggung jawab 4. Description of roles and responsibilities 5. Laporan singkat pelaksanaan kegiatan komite 5. Brief report of the implementation of audit audit committee activity 6. Frekuensi pertemuan dan tingkat kehadiran 6. Meeting frequency and attendance level of audit komite audit committee

Komite Nominasi dan Remunerasi Nomination and Remuneration Mencakup antara lain: Includes: Committee 1. Nama, jabatan, dan riwayat hidup singkat 1. Name, position, and brief curriculum vitae anggota komite nominasi dan/atau remunerasi of member of remuneration and nomination 2. Independensi anggota komite nominasi dan/ committee atau remunerasi 2. Independency of remuneration and nomination committee member 349-354 3. Uraian tugas dan tanggung jawab 3. Description of roles and responsibilities 4. Uraian pelaksanaan kegiatan komite nominasi 4. Description of the implementation of dan/atau remunerasi remuneration and/or nomination committee’s activity 5. Frekuensi pertemuan dan tingkat kehadiran 5. Meeting frequency and attendance level of komite nominasi dan/atau remunerasi remuneration and/or nomination committee

Komite-komite lain di bawah Other committees under the Mencakup antara lain: Includes: Dewan Komisaris yang dimiliki oleh Board of Commissioners 1. Nama, jabatan, dan riwayat hidup singkat 1. Name, position, and brief curriculum vitae of other perusahaan anggota komite lain committees 2. Independensi anggota komite lain 2. Independency of other committee member 3. Uraian tugas dan tanggung jawab 3. Description of roles and responsibilities 340-357 4. Uraian pelaksanaan kegiatan komite lain 4. Description of the implementation of other committee’s activity 5. Frekuensi pertemuan dan tingkat kehadiran 5. Meeting frequency and attendance level of other komite lain committees

Uraian tugas dan fungsi Sekretaris Description on roles and Mencakup antara lain: Includes: Perusahaan functions of corporate secretary 1. Nama dan riwayat jabatan singkat sekretaris 1. Name and professional record of corporate perusahaan secretary 378-382 2. Uraian pelaksanaan tugas sekretaris perusahaan 2. Description on the implementation of corporate secretary’s duties

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Uraian mengenai unit audit internal Description on internal audit unit Mencakup antara lain: Includes: 1. Nama ketua unit audit internal 1. Name of head of internal audit unit 2. Jumlah pegawai (auditor internal) pada unit 2. Number of employees (internal auditor) within audit internal internal audit unit 3. Kualifikasi/sertifikasi sebagai profesi audit 3. Qualification/certification as professional internal internal audit 363-368 4. Kedudukan unit audit internal dalam struktur 4. Position of internal audit unit in the company perusahaan structure 5. Uraian pelaksanaan tugas 5. Description of duty implementation 6. Pihak yang mengangkat/memberhentikan ketua 6. Parties appointing/dismissing head of internal unit audit internal audit unit

Akuntan Perseroan Company accountant Informasi memuat antara lain: Information includes: 1. Jumlah periode akuntan telah melakukan audit 1. Total period when the accountant has audited the laporan keuangan tahunan yearly financial statements 2. Jumlah periode Kantor Akuntan Publik telah 2. Total period when the Public Accounting Firm has melakukan audit laporan keuangan tahunan audited yearly financial statements 3. Besarnya fee untuk masing-masing jenis jasa 3. The amount of fee for each service given by the 382-383 yang diberikan oleh akuntan publik public accountant 4. Jasa lain yang diberikan akuntan selain jasa 4. Other service given by the accountant other than audit laporan keuangan tahunan audit for financial reports Catatan: apabila tidak ada jasa lain dimaksud, agar Note: if there is no such transaction, such information diungkapkan should be disclosed

Uraian mengenai manajemen risiko Description on risk management Mencakup antara lain: Includes: perusahaan 1. Penjelasan mengenai sistem manajemen risiko 1. Explanation on risk management system 2. Penjelasan mengenai evaluasi yang dilakukan 2. Explanation on evaluation of risk management atas efektivitas sistem manajemen risiko system effectiveness 216-285 3. Penjelasan mengenai risiko-risiko yang dihadapi 3. Explanation on risks posed to the company perusahaan 4. Efforts to managae such risks 4. Upaya untuk mengelola risiko tersebut

Uraian mengenai sistem Description on internal control Mencakup antara lain: Includes: pengendalian intern system 1. Penjelasan singkat mengenai sistem 1. Brief explanation on internal control system, pengendalian intern, antara lain mencakup including financial and operational control pengendalian keuangan dan operasional 2. Explanation of the conformity of internal 2. Penjelasan kesesuaian sistem pengendalian control system to the internationally-recognized intern dengan kerangka yang diakui secara framework/COSO (control environment, risk 368-369 internasional/COSO (control environment, risk assessment, control activities, information and assessment, control activities, information and communication, and monitoring activities) communication, and monitoring activities) 3. Explanation of the evaluation on the effectiveness 3. Penjelasan mengenai evaluasi yang dilakukan of internal control system. atas efektivitas sistem pengendalian intern

Uraian mengenai corporate social Description on corporate social Mencakup antara lain informasi tentang: Includes: responsibility yang terkait dengan responsibility program that 1. Kebijakan, 1. Policies, lingkungan hidup relates to environment 2. Kegiatan yang dilakukan, dan 2. Activities, and 3. Dampak keuangan dari kegiatan terkait 3. Financial impacts from the environmental program lingkungan hidup yang berhubungan programs that relates the company’s operational dengan kegiatan operasional perusahaan, activity, such as the use or eco-friendly and 399 seperti penggunaan material dan energi yang recyclable material, energy saving, waste ramah lingkungan dan dapat didaur ulang, management, and others sistem pengolahan limbah perusahaan, dan 4. Certification for environmental programs lain-lain 4. Sertifikasi di bidang lingkungan yang dimiliki

Uraian mengenai corporate social Explanation on corporate Mencakup antara lain informasi tentang: Includes: responsibility yang terkait dengan social responsibility related to 1. Kebijakan, 1. Policies, ketenagakerjaan, kesehatan dan employment, occupational 2. Kegiatan yang dilakukan, dan 2. Activities, and keselamatan kerja health and safety 3. Dampak keuangan dari kegiatan terkait 3. Financial impacts from the activities related to praktik ketenagakerjaan, kesehatan, dan employment and occupational health and safety 398 keselamatan kerja, seperti kesetaraan gender such as gender equality, facilities for safety, dan kesempatan kerja, sarana dan keselamatan employee turnover level, accident at work Rate, kerja, tingkat turnover karyawan, tingkat etc kecelakaan kerja, dan lain-lain

Uraian mengenai corporate Explanation on corporate social Mencakup antara lain informasi tentang: Includes: social responsibility yang terkait responsibility related to social 1. Kebijakan, 1. Policies, dengan pengembangan sosial dan and community development 2. Kegiatan yang dilakukan, dan 2. Activities, and kemasyarakatan 3. Dampak keuangan dari kegiatan terkait 3. Financial impacts from the activities related to pengembangan sosial dan kemasyarakatan, social and community development programs, 400 seperti penggunaan tenaga kerja lokal, such as the empowerment of local manpower pemberdayaan masyarakat sekitar perusahaan, and society in the vicinity of the company, the perbaikan sarana dan prasarana sosial, bentuk improvement of social facilities and infrastructure, donasi lainnya, dan lain-lain. donation, others.

Uraian mengenai corporate social Explanation on corporate Mencakup antara lain: Includes: responsibility yang terkait dengan social responsibility related to 1. Kebijakan, 1. Policies, tanggung jawab kepada konsumen responsibility to customers 2. Kegiatan yang dilakukan, dan 2. Activities, and 3. Dampak keuangan dari kegiatan terkait 3. Financial impacts from the activities related to 402 tanggung jawab produk, seperti kesehatan product reliability, such as aspects of customer dan keselamatan konsumen, informasi produk, health and safety, product information, facilities, sarana, jumlah dan penanggulangan atas number of customer complaint management, etc pengaduan konsumen, dan lain-lain

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Perkara penting yang sedang Litigation faced by the company, Mencakup antara lain: Includes: dihadapi oleh perusahaan, entitas subsidiaries, members of Board 1. pokok perkara/gugatan 1. Material of the case/claim anak, anggota Direksi dan/atau of Diretors and/or members of 2. status penyelesaian perkara/gugatan 2. Status of settlement of the case/claim anggota Dewan Komisaris yang Board of Commissioners for 3. pengaruhnya terhadap kondisi perusahaan 3. Potential impacts on the company menjabat pada periode laporan the period 4. sanksi administrasi yang dikenakan kepada 4. Administrative sactions imposed to the entity, tahunan entitas, anggota Direksi dan Dewan Komisaris, members of the Board of Directors and Board 382-383 oleh otoritas terkait (pasar modal, perbankan of Commissioners, which is imposed by the dan lainnya) pada tahun buku terakhir (atau authorities concerned (capital market, banking, terdapat pernyataan bahwa tidak dikenakan etc) for the last financial year (including statements sanksi administrasi) of having no administrative sanction, if any) Catatan: dalam hal tidak berperkara, agar Note: if there is no litigation, such information should diungkapkan be disclosed

Akses informasi dan data perusahaan Information access and Uraian mengenai tersedianya akses informasi Description on the availabililty of access to corporate corporate data dan data perusahaan kepada publik, misalnya information and data for public, such as through melalui website (dalam bahasa Indonesia dan website (in Bahasa and English), mass media, mailing 383-385 bahasa Inggris), media massa, mailing list, buletin, list, bulletin, meeting with analysts, etc. pertemuan dengan analis, dan sebagainya

Bahasan mengenai kode etik Description on code of conduct Memuat uraian antara lain: Includes: 1. Isi kode etik 1. Content of code of conduct 2. Pengungkapan bahwa kode etik berlaku bagi 2. Disclosure that code of conduct prevails to all seluruh level organisasi organizational levels 385-388 3. Upaya dalam penerapan dan penegakannya 3. Efforts in its implementation and enforcement 4. Pernyataan mengenai budaya perusahaan 4. Statement of corporate culture owned by the (corporate culture) yang dimiliki perusahaan company

Pengungkapan mengenai Disclosure on whistleblowing Memuat uraian tentang mekanisme whistleblowing Includes description on whistleblowing system such as whistleblowing system system system antara lain: 1. Submission of violation reports 1. Penyampaian laporan pelanggaran 2. Protection for the whistleblowers 2. Perlindungan bagi whistleblower 3. Complaint management 388-389 3. Penanganan pengaduan 4. Parties managing the complaint 4. Pihak yang mengelola pengaduan 5. Results from the complain handling 5. Hasil dari penanganan pengaduan

VII. Informasi Keuangan / Financial Information

pernyataan direksi dan/atau dewan Statement by the Board Kesesuaian dengan peraturan terkait tentang Conformity to the regulation applied concerning the Laporan komisaris tentang tanggung jawab of Directors and/or Board tanggung jawab atas laporan keuangan responsibility on the financial statements Keuangan atas laporan keuangan of Commissioners on the Konsolidasi/ responsibility of financial reports Consolidated Financial Statements

Opini auditor independen atas Opinion of independent auditor Laporan laporan keuangan on the financial reports Keuangan Konsolidasi/ Consolidated Financial Statements

Deskripsi auditor independen di opini Description of the independent Deskripsi memuat tentang: Description includes: Laporan auditor in the opinion 1. Nama & tanda tangan 1. Name & signature Keuangan 2. Tanggal Laporan Audit 2. Date of Audit Report Konsolidasi/ 3. No. ijin KAP dan nomor ijin Akuntan Publik 3. PAF and Public Accountant license Consolidated Financial Statements

Laporan keuangan yang lengkap Complete financial statements Memuat secara lengkap unsur-unsur laporan Contains all elements of the financial statements: Laporan keuangan: 1. Balance sheet Keuangan 1. Laporan posisi keuangan (neraca) 2. income statement Konsolidasi/ 2. Laporan laba rugi komprehensif 3. Equity statement Consolidated 3. Laporan perubahan ekuitas 4. Cahs flow report Financial 4. Laporan arus kas 5. Notes to the financial statements Statements 5. Catatan atas laporan keuangan 6. Statement of financial position at the beginning of 6. Laporan posisi keuangan pada awal periode the comparative period presented when an entity komparatif yang disajikan ketika entitas implements accounting policy retrospectively or menerapkan suatu kebijakan akuntansi secara makes restatement of financial statement items, retrospektif atau membuat penyajian kembali or when the entity reclassify items in its financial pos-pos laporan keuangan, atau ketika statements (if relevant) entitas mereklasifikasi pos-pos dalam laporan keuangannya (jika relevan)

Pengungkapan dalam catatan atas Disclosure in the notes to the Ada atau tidak ada pengungkapan sesuai dengan In the event that there is disclosure according to PSAK Laporan laporan keuangan ketika entitas financial statements when the PSAK or otherwise, the information should be disclosed Keuangan menerapkan suatu kebijakan entity implements accounting Konsolidasi/ akuntansi secara retrospektif atau policy retrospectively or to make Consolidated membuat penyajian kembali pos- the restatement of financial Financial pos laporan keuangan, atau ketika statements items, or when the Statements entitas mereklasifikasi pos-pos dalam entity reclassify items in financial laporan keuangannya statements.

Perbandingan tingkat profitabilitas Comparison of the levels of Perbandingan laba (rugi) tahun berjalan dengan Comparison of income for the year and the previous Laporan profitability tahun sebelumnya year Keuangan Konsolidasi/ Consolidated Financial Statements

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Laporan arus kas Cash flow report Memenuhi ketentuan sebagai berikut: Meet the following propositions: Laporan 1. Pengelompokan dalam tiga kategori aktivitas: 1. Classification for three activities: operation, Keuangan operasi, investasi, dan pendanaan investment, and funding Konsolidasi/ 2. Penggunaan metode langsung (direct method) 2. The utilization of direct method to report cash Consolidated untuk melaporkan arus kas dari aktivitas operasi flow from operational activity Financial 3. Pemisahan penyajian antara penerimaan kas 3. Separated presentation of the cash receipt and Statements dan/atau pengeluaran kas selama tahun berjalan or cash expended for the year related to the pada aktivitas operasi, investasi dan pendanaan operational, investment, and funding activity. 4. Pengungkapan transaksi non kas harus 4. Disclosure of non-cash transaction should be dicantumkan dalam catatan atas laporan attached in the notes to financial statements keuangan

Ikhtisar kebijakan akuntansi Accounting policy highlights Meliputi sekurang-kurangnya: Includes at least: Laporan 1. Pernyataan kepatuhan terhadap SAK 1. Statement of compliance to SAK Keuangan 2. Dasar pengukuran dan penyusunan laporan 2. Benchmark of preparing financial report Konsolidasi/ keuangan 3. Recognition of income and expense Consolidated 3. Pengakuan pendapatan dan beban 4. Fixed asset Financial 4. Aset Tetap 5. Financial instrument Statements 5. Instrumen Keuangan

Pengungkapan transaksi pihak Disclosure of transaction from Hal-hal yang diungkapkan antara lain: Disclosure materials: Laporan berelasi related parties 1. Nama pihak berelasi, serta sifat dan hubungan 1. Name of the related parties and its affiliation Keuangan dengan pihak berelasi; 2. Transaction value and its percentage of the total Konsolidasi/ 2. Nilai transaksi beserta persentasenya terhadap revenue and expenses concerned; and Consolidated total pendapatan dan beban terkait; dan 3. Total balance amount and its percentage of the Financial 3. Jumlah saldo beserta persentasenya terhadap total assets and liabilities Statements total aset atau liabilitas.

Pengungkapan yang berhubungan Disclosure related to taxation Hal-hal yang harus diungkapkan: Disclosure materials: Laporan dengan Perpajakan 1. Rekonsiliasi fiskal dan perhitungan beban pajak 1. Fiscal reconciliation and calculation of current tax Keuangan kini; 2. Explanation of the relationship between tax Konsolidasi/ 2. Penjelasan hubungan antara beban expense (income) and income tax accounting Consolidated (penghasilan) pajak dan laba akuntansi; 3. Statement that the amount of Taxable Profit as Financial 3. Pernyataan bahwa Laba Kena Pajak (LKP) hasil calculated through reconciliation is in accordance Statements rekonsiliasi dijadikan dasar dalam pengisian SPT with the Tax Return Tahunan PPh Badan; 4. Details of the asset and liabilities in deferred tax 4. Rincian aset dan liabilitas pajak tangguhan yang presented in the balance sheet ine ach period of diakui pada laporan posisi keuangan untuk presentations, and amount of charge (income) setiap periode penyajian, dan jumlah beban of deferred tax acknowledged in the profit loss (penghasilan) pajak tangguhan yang diakui pada statement if the said amount is not evident in the laporan laba rugi apabila jumlah tersebut tidak aasset or liability of deferred tax acknowledged in terlihat dari jumlah aset atau liabilitas pajak the balance sheet tangguhan yang diakui pada laporan posisi 5. Disclosure of whether there is tax dispute or not keuangan; dan 5. Pengungkapan ada atau tidak ada sengketa pajak.

Pengungkapan yang berhubungan Disclosure related to fixed asset Hal-hal yang harus diungkapkan: Disclosure material: Laporan dengan Aset Tetap 1. Metode penyusutan yang digunakan; 1. Depreciation method used Keuangan 2. Uraian mengenai kebijakan akuntansi yang 2. Description of the selected accounting policies Konsolidasi/ dipilih antara model revaluasi dan model biaya; between the fair value model and cost model Consolidated 3. Metode dan asumsi signifikan yang digunakan 3. Methods and significant assumptions used Financial dalam mengestimasi nilai wajar aset tetap in estimating the fair value of fixed assets Statements (untuk model revaluasi) atau pengungkapan (revaluation model) or disclosure of the fair value nilai wajar aset tetap (untuk model biaya); dan of fixed assets (cost method); and 4. Rekonsiliasi jumlah tercatat bruto dan akumulasi 4. Reconciliation of the gross carrying amount and penyusutan aset tetap pada awal dan akhir accumulated depreciation of fixed assets at the periode dengan menunjukkan: penambahan, beginning and end of the period with disclosre of pengurangan dan reklasifikasi addition, deduction, and reclassification.

Kebijakan akuntansi yang Accounting policies related to Hal-hal yang harus diungkapkan: Disclosure material: Laporan berhubungan dengan imbalan kerja benefit 1. Jenis imbalan kerja yang diberikan kepada 1. Types of benefit given to the employees; Keuangan karyawan; Konsolidasi/ 2. Deskripsi umum mengenai jenis program 2. Overview of types of post-employement benefits Consolidated imbalan pascakerja yang diselenggarakan oleh program held by the company Financial perusahaan; Statements 3. Kebijakan akuntansi perusahaan dalam 3. Accounting policy for the recognition of actuarial mengakui keuntungan dan kerugian aktuarial; profit and loss; and dan 4. Pengakuan keuntungan dan kerugian untuk 4. Recognition of profit and loss for curtailment and kurtailmen dan penyelesaian. completion

Pengungkapan yang berhubungan Disclosure related to financial Hal-hal yang harus diungkapkan: Material disclosure: Laporan dengan Instrumen Keuangan instrument 1. Persyaratan, kondisi dan kebijakan akuntansi 1. Requirements, accounting condition and policy for Keuangan untuk setiap kelompok instrumen keuangan; each financial instrument classification; Konsolidasi/ 2. Klasifikasi instrumen keuangan; 2. Classification of financial instruments; Consolidated 3. Nilai wajar tiap kelompok instrumen keuangan; 3. Fair value of each financial instrument; Financial 4. Tujuan dan kebijakan manajemen risiko; Statements 5. Penjelasan risiko yang terkait dengan instrumen 4. Objective and policy of risk management; keuangan: risiko pasar, risiko kredit dan risiko 5. Explanation of risk related to financial instruments; likuiditas; dan market risk, credit and liquidation; and 6. Analisis risiko yang terkait dengan instrumen 6. Risk analysis with quantitative method related to keuangan secara kuantitatif. financial instruments

Penerbitan laporan keuangan Publishing of financial Hal-hal yang diungkapkan antara lain: Material disclosure: Laporan statements 1. Tanggal laporan keuangan diotorisasi untuk 1. Date of financial statements authorized for Keuangan terbit; dan publication; and Konsolidasi/ 2. Pihak yang bertanggung jawab mengotorisasi 2. Parties responsible to authorize the financial Consolidated laporan keuangan statements. Financial Statements

Annual Report 2014 | PT. BANK SINARMAS Tbk. 413 Kilas Kinerja 2014 Profil Perusahaan Flashback Performance of 2014 Company Profile

Laporan Manajemen Analisis dan Pembahasan Manajemen Report of Management Management Discussion and Analysis Tinjauan Unit-Unit Bisnis Tanggung Jawab Sosial Perusahaan Overview of Business Units Corporate Social Responsibility

Tata Kelola Perusahaan Laporan Keuangan Konsolidasi Good Corporate Governance Consolidated Financial Statement 08 Laporan Keuangan Konsolidasi Consolidated Financial Statement Halaman ini sengaja dikosongkan This page is intentionally left blank

PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

1. Umum 1. General

a. Pendirian dan Informasi Umum a. Establishment and General Information

PT Bank Sinarmas Tbk (“Perusahaan”) PT Bank Sinarmas Tbk (“the Company”) didirikan pada tahun 1989 dengan nama was established in 1989 as PT Bank Shinta PT Bank Shinta Indonesia, berdasarkan Indonesia, based on Notarial Deed Akta No. 52 tanggal 18 Agustus 1989 dari No. 52 dated August 18, 1989 of Buniarti Buniarti Tjandra, S.H., notaris di Jakarta, Tjandra, S.H., public notary in Jakarta, dan telah diubah dengan Akta No. 91 as amended by Notarial Deed No. 91 tanggal 15 September 1989 dari notaris dated September 15, 1989, of the same yang sama. Akta pendirian ini telah notary. The Deed of Establishment was mendapat pengesahan dari Menteri approved by the Minister of Justice of Kehakiman Republik Indonesia melalui the Republic of Indonesia in his Decision Surat Keputusan No. C2-9142.HT.01.01- Letter No. C2-9142.HT.01.01-TH.89 dated TH.89 tanggal 27 September 1989 dan September 27, 1989 and published in diumumkan dalam Berita Negara Republik Supplement No. 6448 of the State Gazette Indonesia No. 49 tanggal 21 Juni 2005, of the Republic of Indonesia No. 49 dated Tambahan No. 6448. June 21, 2005.

Pada tanggal 26 Januari 2007, On January 26, 2007, the Company has Perusahaan berganti nama menjadi changed its name into PT Bank Sinarmas. PT Bank Sinarmas. Perubahan nama The said change was approved by the tersebut telah disetujui melalui Rapat stockholders in the Extraordinary Umum Pemegang Saham Luar Biasa Stockholders’ Meeting, which resolution was Perusahaan yang didokumentasikan dalam stated in Notarial Deed No. 1 dated Akta No. 1 tanggal 21 November 2006 dari November 21, 2006 of Triphosa Lily Triphosa Lily Ekadewi, S.H., notaris di Ekadewi, S.H., public notary in Jakarta. Jakarta. Perubahan Anggaran Dasar The amendment to the Articles of tersebut telah memperoleh persetujuan dari Association was approved by the Minister of Menteri Hukum dan Hak Asasi Manusia Law and Human Rights of the Republic of Republik Indonesia dengan Surat Indonesia in his Decision Letter Keputusannya No. W7-03960 HT.01.04- No. W7-03960 HT.01.04-TH.2006 dated TH.2006 tanggal 20 Desember 2006. December 20, 2006. Such change in Perubahan nama tersebut juga telah name was approved by Bank Indonesia mendapat persetujuan dari Bank Indonesia based on its Decision Letter berdasarkan Keputusan Gubernur Bank No. 9/4/KEP.GBI/2007 dated January 22, Indonesia No.9/4/KEP.GBI/2007 tanggal 2007, wherein the Business License Under 22 Januari 2007 tentang Perubahan Izin the Name of PT Bank Shinta Indonesia was Usaha Atas Nama PT Bank Shinta changed to Business License Under the Indonesia menjadi Izin Usaha Atas Nama Name of PT Bank Sinarmas. PT Bank Sinarmas.

Selanjutnya, berdasarkan Akta No. 1 Furthermore, the Company’s Articles of tanggal 8 Oktober 2009 dari Endang Association has been amended, as stated in Saritomo Utari, S.H., notaris di Jakarta, Deed No. 1 dated October 8, 2009 from terdapat perubahan Anggaran Dasar dalam Endang Saritomo Utari, SH, notary in rangka melaksanakan kegiatan usaha Jakarta, concerning the conduct of business berdasarkan prinsip perbankan syariah dan activities to be based on principles of perpanjangan masa jabatan direksi dan Islamic banking and the extension of terms komisaris. Perubahan ini telah disetujui of office of the directors and commissioners. oleh Menteri Hukum dan Hak Asasi These amendments were approved by the Manusia Republik Indonesia dalam Minister of Justice and Human Rights of Surat Keputusan No. AHU-AH.01.10- Republic of Indonesia in his Decree 22484. Tahun 2009 tanggal 11 Desember No. AHU-AH.01.10-22484. Tahun 2009 2009. dated December 11, 2009.

- 7 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Berdasarkan Rapat Umum Pemegang In the General Shareholders' Meeting held Saham tanggal 6 April 2010 yang on April 6, 2010, which was stated in the didokumentasikan dalam Akta No. 31 Deed. No. 31 dated April 6, 2010 from tanggal 6 April 2010 dari Sutjipto, S.H., Sutjipto, SH, Mkn, public notary in Jakarta, Mkn, notaris di Jakarta, pemegang saham the Shareholders approved the splitting of menyetujui pemecahan nilai nominal the number of shares through decrease in saham Perusahaan dari Rp 500.000 par value per share from Rp 500,000 (in full (dalam Rupiah penuh) per saham menjadi Rupiah) per share into Rp 100 (in full Rp 100 (dalam Rupiah penuh) per saham Rupiah) per share and changing the status dan perubahan status Perusahaan menjadi of the Company to become a Public Perusahaan Terbuka (Tbk) dengan nama Company under the new name PT Bank PT Bank Sinarmas Tbk. Sinarmas Tbk.

Perubahan tersebut telah mendapat The related amendments of the Articles of pengesahan dari Menteri Kehakiman Association were approved by the dan Hak Asasi Manusia Republik Indonesia Minister of Justice of the Republic of dengan Surat Keputusan Indonesia in his Decision Letter No. AHU-22745.AH.01.02 Tahun 2010 No. AHU-22745.AH.01.02 Tahun 2010 tanggal 4 Mei 2010 serta telah dilaporkan dated May 4, 2010 and were reported to kepada Bank Indonesia melalui surat Bank Indonesia by Letter No. SKL.121/2010/PRESDIR-CorpSec No. SKL.121/2010/PRESDIR-CorpSec tanggal 7 Mei 2010. dated May 7, 2010.

Kantor pusat Perusahaan beralamat di The Company’s head office is located at Sinarmas Land Plaza, Menara I, Jln. M.H. Sinarmas Land Plaza, Tower I, Jln. M.H. Thamrin No. 51, Jakarta. Perusahaan Thamrin No. 51, Jakarta. The Company has memiliki 1 kantor cabang utama, 72 kantor 1 main branch, 72 branches, 1 functional cabang, 1 kantor fungsional, 130 kantor sub-branch, 130 sub-branches, 27 sharia cabang pembantu, 27 kantor cabang branches, 141 cash offices, 10 sharia cash syariah, 141 kantor kas, 10 kantor kas offices and 2 cash cars, all located in syariah dan 2 mobil kas keliling yang Indonesia. semuanya berlokasi di Indonesia.

PT Sinar Mas Multiartha (SMMA) Tbk, The immediate holding entity of the merupakan entitas induk dari Perusahaan Company is PT Sinar Mas Multiartha Tbk yang didirikan di Indonesia. (SMMA), a limited liability company incorporated in Indonesia.

Pemegang saham akhir (ultimate As of December 31, 2014 and 2013, the shareholder) Perusahaan pada tanggal ultimate shareholder of the Company is 31 Desember 2014 dan 2013 adalah Indra Indra Widjaja. Widjaja.

Sesuai dengan pasal 3 Anggaran Dasar, In accordance with article 3 of the maksud dan tujuan didirikannya Company’s Articles of Association, the Perusahaan adalah untuk menjalankan scope of its activities is to engage mainly in usaha di bidang perbankan. general banking business.

Perusahaan mulai beroperasi secara The Company started its commercial komersial pada tanggal 16 Februari 1990, operations on February 16, 1990, based on sesuai dengan izin usaha yang the business license granted by the Minister diberikan oleh Menteri Keuangan of Finance of the Republic of Indonesia in Republik Indonesia dalam Surat his Decision Letter No. 156/KMK.013/1990 Keputusan No. 156/KMK.013/1990 tanggal dated February 16, 1990. Pursuant to Bank 16 Februari 1990. Sesuai dengan Indonesia’s Decree No. 27/156/KEP/DIR Surat Keputusan Bank Indonesia dated March 22, 1995, the Company was No. 27/156/KEP/DIR tanggal 22 Maret authorized to operate as a Foreign 1995, Perusahaan memperoleh Exchange Bank. peningkatan status menjadi Bank Devisa.

- 8 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Perusahaan memperoleh izin usaha The Company obtained its business license perbankan berdasarkan prinsip syariah activities to be based on principles of islamic berdasarkan surat keputusan Deputi banking through decision letter of Deputy Gubernur Bank Indonesia Governor of Bank Indonesia No. 11/13/KEP.DpG/2009 tanggal No. 11/13/KEP.DpG/2009 dated 27 Oktober 2009. October 27, 2009.

Pada tanggal 30 Januari 2012, Perusahaan On January 30, 2012, the Company memperoleh Surat Keputusan received a Decision Letter No. KEP21/BL/2012 dari Ketua badan No. KEP-21/BL/2012 from the Capital Pengawas Pasar Modal dan Lembaga Market and Financial Institution Supervisory Keuangan mengenai persetujuan Agency regarding the approval for the Perusahaan sebagai kustodian di pasar Company as a custodian in capital market. modal. Sampai dengan tanggal As of date of completion of the financial penyelesaian laporan keuangan ini, statements, the custodian activity has not kegiatan kustodian belum dimulai. started yet.

b. Penawaran Umum Efek Perusahaan b. Public Offering of Shares

Pada tanggal 29 November 2010, On November 29, 2010, the Company Perusahaan memperoleh pernyataan obtained the Notice of Effectivity from the efektif dari Ketua Badan Pengawas Pasar Chairman of the Capital Market and Modal dan Lembaga Keuangan Financial Institutions Supervisory Agency (Bapepam dan LK) atau sekarang Otoritas (Bapepam – LK) or currently Financial Jasa Keuangan (OJK) melalui surat Services Authority (OJK) in his letter No. S-10683/BL/2010 untuk penawaran No. S-10683/BL/2010 for the initial public umum perdana atas 1.600 lembar offering (IPO) of the 1,600 new shares with saham Perusahaan dengan nilai nominal par value of Rp 100 (in full Rupiah) per Rp 100 (dalam Rupiah penuh) per saham share at offering price of Rp 150 (in full pada harga penawaran Rp 150 Rupiah) per share with attached (dalam Rupiah penuh) per saham dimana 1,920,000,000 Series I Warrants (Note 23). melekat 1.920.000.000 waran Seri I Each holder of five (5) new shares of the (Catatan 23). Setiap pemegang 5 (lima) Company is entitled to six (6) warrants saham baru Perusahaan berhak where each one (1) warrant entitles the memperoleh 6 (enam) waran dimana setiap holder to purchase one (1) new share of the 1 (satu) waran memberikan hak kepada Company at exercise price of pemegangnya untuk membeli 1 (satu) Rp 150 (in full Rupiah) per share, which can saham baru Perusahaan dengan harga be exercised from June 13, 2011 until pelaksanaannya sebesar Rp 150 (dalam December 13, 2015. Rupiah penuh), yang dapat dilakukan mulai tanggal 13 Juni 2011 sampai dengan tanggal 13 Desember 2015.

Penawaran umum perdana saham The IPO was approved by Bank Indonesia in Perusahaan telah mendapat persetujuan its Letter No. 12/52/DPB3/TPB 3 - 1 dari Bank Indonesia melalui surat dated August 5, 2010. On December 13, No. 12/52/DPB3/TPB 3 - 1 tanggal 2010, the Company’s shares and warrants 5 Agustus 2010. Saham-saham have been listed to the Indonesia Stock Perusahaan telah tercatat di Bursa Efek Exchange. Indonesia pada tanggal 13 Desember 2010.

- 9 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Pada tanggal 15 Juni 2012, Perusahaan On June 15, 2012, the Company obtained memperoleh Pernyataan Efektif dari the Notice of Effectivity from the Ketua Bapepam dan LK (sekarang OJK) Chairman Bapepam – LK in his letter melalui surat No. S-7561/BL/2012 untuk No. S-7561/BL/2012 for the Limited Public Penawaran Umum Terbatas I (PUT I) Offering I with preemptive rights to kepada Pemegang Saham dengan Hak Stockholders for 1,203,186,138 common Memesan Efek Terlebih Dahulu (HMETD) shares with par value of Rp 100 (in full atas 1.203.186.138 lembar Saham Biasa Rupiah) per share at exercise price of Atas Nama dengan nilai nominal Rp 100 Rp 250 (in full Rupiah) per share with (dalam Rupiah penuh) per saham yang attached 2,996,614,532 Series II Warrants ditawarkan dengan harga pelaksanaan (Note 23). Every holder of 400 existing Rp 250 (dalam Rp penuh) per saham shares has 53 pre-emptive rights to dimana melekat 2.996.614.532 waran Seri purchase 53 new shares, wherein for every II (Catatan 23). Setiap pemegang 400 53 new shares, 132 Series II Warrants is saham lama berhak atas 53 HMETD untuk attached, free of charge. Series II Warrants membeli 53 saham, dimana pada setiap 53 are given as incentives to stockholders to saham baru melekat 132 Waran Seri II purchase new shares at a par value of yang diberikan oleh Perusahaan secara Rp 100 (in full Rupiah) per share, with cuma-cuma. Waran Seri II diberikan exercise price of Rp 250 (in full Rupiah) sebagai insentif kepada pemegang saham per share, which can be exercised from untuk melakukan pembelian saham baru January 11, 2013 until June 29, 2017, yang bernilai nominal Rp 100 (dalam wherein every 1 (one) Series II Warrant is Rupiah penuh) per saham dengan harga entitled to purchase 1 (one) new share at pelaksanaan sebesar Rp 250 (dalam the exercise price. Rupiah penuh) per saham yang dapat dilakukan selama masa laku pelaksanaan yaitu mulai tanggal 11 Januari 2013 sampai dengan 29 Juni 2017 dimana setiap 1 (satu) Waran Seri II berhak membeli 1 (satu) saham baru pada harga pelaksanaannya.

Berdasarkan Akta No. 45 tanggal In accordance with the Notarial Deed 13 Juni 2014 dari Aryanti Artisari, S.H., No. 45 dated June 13, 2014 of Aryanti M.Kn., notaris di Jakarta, tentang Berita Artisari, S.H., M.Kn., public notary in Acara Rapat Umum Pemegang Saham Jakarta, concerning the Extraordinary Luar Biasa (RUPSLB), dimana pemegang Stockholders’ Meeting, the Company’s saham Perusahaan menyetujui untuk stockholders approved the issuance of menerbitkan 1.312.411.310 lembar saham 1,312,411,310 shares at a price to be pada harga yang akan ditentukan oleh determined by Directors with approval from Direksi dengan persetujuan Dewan Board of Commisioners by “Rights Issue Komisaris melalui Penambahan Modal Without Pre-Emptive Rights”. On Tanpa Hak Memesan Efek Terlebih Dahulu October 31, 2014 and November 24, 2014, (PMTHMETD). Pada tanggal 31 Oktober the Company issued 888,888,888 shares 2014 dan 24 November 2014, Perusahaan and 7,646,526 shares, respectively, melaksanakan PMTHMETD tahap 1 dan 2 at Rp 270 (in full Rupiah) per share. The masing-masing sebanyak 888.888.888 dan total proceeds in relation to this “Rights 7.646.526 lembar saham dengan harga Issue Without Pre-Emptive Rights” pelaksanaan masing-masing sebesar amounted to Rp 242,064. Rp 270 (dalam Rupiah penuh). Jumlah dana yang diperoleh dari pemegang saham dalam pelaksanaan PMTHMETD adalah sebesar Rp 242.064.

Sebanyak 98,97% saham Perusahaan 98.97% of the Company’s shares are telah tercatat di Bursa Efek Indonesia atau listed in Indonesian Stock Exchange sebanyak 13.894.890.224 saham dan representing 13,894,890,224 shares and 12.981.631.498 saham pada tanggal 12,981,631,428 shares as of December 31, 31 Desember 2014 dan 2013. 2014 and 2013, respectively.

- 10 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

c. Karyawan, Direksi dan Dewan c. Employees, Directors and Board of Komisaris Commissioners

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2014, the 2013, susunan pengurus Perusahaan Company’s management consists of the adalah sebagai berikut: following:

2014 2013

Dewan Komisaris Board of Commissioner Komisaris Utama Tjendrawati Widjaja Tjendrawati Widjaja President Commissioner Komisaris Independen Sammy Kristamuljana Wimpie Rianto Independent Commissioner Komisaris Independen Rusmin Sammy Kristamuljana Independent Commissioner

Direksi Board of Directors Direktur Utama Freenyan Liwang Freenyan Liwang President Director Direktur Unit Usaha Syariah Heru Agus Wuryanto Heru Agus Wuryanto Sharia Business Unit Director Direktur Kepatuhan Salis Teguh Hartono Salis Teguh Hartono Compliance Director Direktur Enterprise Banking Loa Johnny Mailoa Loa Johnny Mailoa Enterprise Banking Director Direktur Operasional Halim Halim Operational Director Direktur Manajemen Risiko dan Hanafi Himawan Hanafi Himawan Risk Management and Human Human Capital Capital Director

Susunan keanggotaan komite-komite yang The members of the committees of the dimiliki Perusahaan pada tanggal Company as of December 31, 2014 and 31 Desember 2014 dan 2013 adalah 2013 are as follows: sebagai berikut:

2014 2013

Komite Audit Audit Committee Ketua Rusmin Wimpie Rianto Chairman Anggota Edwin Hidayat Abdullah Tjendrawati Widjaja Members Agustinus Antonius Edwin Hidayat Abdullah Ketut Sanjaya Agustinus Antonius Ketut Sanjaya

Komite Remunerasi Remuneration and dan Nominasi Nomination Committee Ketua Rusmin Sammy Kristamuljana Chairman Anggota Tjendrawati Widjaja Tjendrawati Widjaja Members Wahyu Zaeni Wahyu Zaeni

Komite Pemantau Risiko Risk Monitoring Committee Ketua Sammy Kristamuljana Wimpie Rianto Chairman Anggota Tjendrawati Widjaja Sammy Kristamuljana Members Agustinus Antonius Agustinus Antonius Edwin Hidayat Abdullah Edwin Hidayat Abdullah

Dewan Pengawas Syariah Sharia Supervisory Board Ketua Ali Mustafa Yaqub Ali Mustafa Yaqub Chairman Anggota Ahmadi bin Sukarno Ahmadi bin Sukarno Members

Kepala Audit Internal Perusahaan pada As at December 31, 2014 and 2013, the tanggal 31 Desember 2014 dan 2013 head of the Company’s Internal Audit is adalah Darwanti Juliastuti. Darwanti Juliastuti.

Sekretaris Perusahaan pada tanggal As at December 31, 2014 and 2013, the 31 Desember 2014 dan 2013 masing- Company’s Corporate Secretary are Dodo masing adalah Dodo Suyanto dan Yuliani Suyanto and Yuliani Winarsih, respectively. Winarsih.

- 11 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Personel manajemen kunci Perusahaan Key management personel of the Company terdiri dari Komisaris, Direksi, Group Head, consists of Commissioners, Directors, Group Kepala Kantor Wilayah, Wakil Kepala Head, Heads of Regional Offices, Deputy Kantor Wilayah, Kepala Divisi, Pimpinan Heads of Regional Offices, Heads of Cabang dan Koordinator Pimpinan Cabang Divisions, Branch Managers and Pembantu. Coordinator Branch Manager.

Jumlah rata-rata karyawan Perusahaan The Company had an average total number (tidak diaudit) adalah 4.262 untuk tahun of employees (unaudited) of 4,262 in 2014 2014 dan 3.551 untuk tahun 2013. and 3,551 in 2013.

Laporan keuangan PT Bank Sinarmas Tbk The financial statements of PT Bank untuk tahun yang berakhir 31 Desember Sinarmas Tbk for the year ended 2014 telah diselesaikan dan diotorisasi December 31, 2014 were completed and untuk terbit oleh Direksi Perusahaan pada authorized for issue on March 18, 2015 by tanggal 18 Maret 2015. Direksi Perusahaan the Company’s Directors who are bertanggung jawab atas penyusunan dan responsible for the preparation and penyajian laporan keuangan tersebut. presentation of the financial statements.

2. Ikhtisar Kebijakan Akuntansi dan Pelaporan 2. Summary of Significant Accounting and Keuangan Penting Financial Reporting Policies

a. Dasar Penyusunan dan Pengukuran a. Basis of Financial Statements Laporan Keuangan Preparation and Measurement

Laporan keuangan disusun dan disajikan The financial statements have been dengan menggunakan Standar Akuntansi prepared and presented in accordance with Keuangan (SAK) di Indonesia, meliputi Indonesian Financial Accounting Standards pernyataan dan interpretasi yang (“SAK”), which comprise the statements and diterbitkan oleh Dewan Standar Akuntansi interpretations issued by the Board of Keuangan Ikatan Akuntan Indonesia. Financial Accounting Standards of the Laporan keuangan juga disusun dan Indonesian Institute of Accountants. The disajikan sesuai dengan Peraturan Bank financial statements have also been Indonesia dan Peraturan No. VIII.G.7 prepared and presented in accordance with tentang “Penyajian dan Pengungkapan Bank Indonesia regulation and Regulation Laporan Keuangan Emiten atau No. VIII.G.7. regarding “Presentation and Perusahaan Publik”, Lampiran Keputusan Disclosures of Public Companies’ Financial Ketua Badan Pengawas Pasar Modal dan Statements” included in the Appendix of the Lembaga Keuangan (Bapepam dan LK) Decree of the Chairman of the Capital (sekarang Otoritas Jasa Keuangan/OJK) Market and Financial Institution Supervisory No. Kep-347/BL/2012 tanggal 25 Juni Agency (Bapepam – LK) (currently Financial 2012. Laporan keuangan tersebut Services Authority) No. KEP-347/BL/2012 merupakan terjemahan Bahasa Inggris dated June 25, 2012. Such financial atas laporan hukum Perusahaan di statements are an English translation of the Indonesia. Company’s statutory report in Indonesia.

Laporan keuangan disusun sesuai dengan The financial statements are prepared in Pernyataan Standar Akuntansi Keuangan accordance with the Statement of Financial (PSAK) No. 1 (Revisi 2009), “Penyajian Accounting Standard (“PSAK”) No. 1 Laporan Keuangan”. (Revised 2009), “Presentation of Financial Statements”.

Dasar pengukuran laporan keuangan ini The measurement basis used is the adalah konsep biaya perolehan (historical historical cost, except for certain accounts cost), kecuali beberapa akun tertentu which are measured on the bases described disusun berdasarkan pengukuran lain, in the related accounting policies. The sebagaimana diuraikan dalam kebijakan financial statements, except for the akuntansi masing-masing akun tersebut. statements of cash flows, are prepared Laporan keuangan ini disusun dengan under the accrual basis of accounting. metode akrual, kecuali laporan arus kas.

- 12 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Laporan arus kas disusun menggunakan The statement of cash flows is prepared metode langsung yang dimodifikasi dan based on the modified direct method by arus kas dikelompokkan atas dasar classifying cash flows on the basis of kegiatan operasi, investasi dan pendanaan. operating, investing and financing activities. Untuk tujuan penyusunan laporan arus kas, For the purpose of statements of cash flows, kas dan setara kas mencakup kas, giro cash and cash equivalents include cash on pada Bank Indonesia giro pada bank lain, hand, demand deposits with Bank penempatan pada bank lain dan Bank Indonesia, demand deposits with other Indonesia dan efek-efek dengan jatuh banks, and placement with other banks and tempo tiga bulan atau kurang dan yang Bank Indonesia and securities with original tidak dijaminkan serta yang tidak dibatasi maturities of three months or less from the pencairannya. acquisition date and are not being pledged as collateral for borrowings or restricted.

Kebijakan akuntansi yang diterapkan dalam The accounting policies adopted in the penyusunan laporan keuangan untuk tahun preparation of the financial statements for yang berakhir 31 Desember 2014 adalah the year ended December 31, 2014 are konsisten dengan kebijakan akuntansi yang consistent with those adopted in the diterapkan dalam penyusunan laporan preparation of the financial statements for keuangan untuk tahun yang berakhir 31 the year ended December 31, 2013. Desember 2013.

Laporan keuangan Bank untuk unit usaha The Bank’s financial statements of sharia syariah juga disusun berdasarkan PSAK business unit are prepared under the PSAK (Pernyataan Standar Akuntansi Keuangan) (Statement of Financial Accounting 101 (Revisi 2011), “Penyajian Laporan Standard) 101 (Revised 2011), Keuangan Syariah”, PSAK 59, “Akuntansi “Presentation of Sharia Financial Perbankan Syariah”, Pedoman Akuntansi Statement”, PSAK 59 “Sharia Banking Perbankan Syariah Indonesia (“PAPSI”) Accounting”, Accounting Guidelines for dan prinsip-prinsip akuntansi yang berlaku Indonesian Sharia Banking (“PAPSI”) and umum yang ditetapkan Ikatan Akuntan Indonesian Financial Accounting Standards, Indonesia, mencakup pula pedoman including accounting and reporting principle akuntansi dan pelaporan yang ditetapkan designated by Indonesia banking authority oleh otoritas perbankan Indonesia dan and Otoritas Jasa Keuangan or OJK). Otoritas Jasa Keuangan (OJK).

Mata uang yang digunakan dalam The reporting currency used in the penyusunan dan penyajian laporan preparation of the financial statements is the keuangan adalah mata uang Rupiah Indonesian Rupiah (Rupiah) which is also (Rupiah) yang juga merupakan mata uang the functional currency of the Company. fungsional Perusahaan.

Penyusunan laporan keuangan sesuai The preparation of financial statements in dengan Standar Akuntansi Keuangan di conformity with Indonesian Financial Indonesia mengharuskan penggunaan Accounting Standards requires the use of estimasi tertentu. Hal tersebut juga certain critical accounting estimates. It also mengharuskan manajemen untuk membuat requires management to exercise its pertimbangan dalam proses penerapan judgement in the process of applying the kebijakan akuntansi. Area yang kompleks accounting policies. The areas involving a atau memerlukan tingkat pertimbangan higher degree of judgment or complexity, yang lebih tinggi atau area di mana asumsi or areas where assumptions and estimates dan estimasi berdampak signifikan are significant to the financial statements terhadap laporan keuangan diungkapkan di are disclosed in Note 3. Catatan 3.

b. Penjabaran Mata Uang Asing b. Foreign Currency Translation

Mata Uang Fungsional dan Pelaporan Functional and Reporting Currencies

Akun-akun yang tercakup dalam laporan Items included in the financial statements of keuangan Perusahaan diukur the Company are measured using the menggunakan mata uang dari lingkungan currency of the primary economic ekonomi utama dimana Perusahaan environment in the Company operates (the beroperasi (mata uang fungsional). functional currency).

- 13 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Laporan keuangan disajikan dalam Rupiah, The financial statements are presented in yang merupakan mata uang fungsional dan Rupiah which is the Company’s functional mata uang penyajian Perusahaan. and presentation currency.

Transaksi dan Saldo Transactions and Balances

Transaksi dalam mata uang asing Foreign currency transactions are translated dijabarkan kedalam mata uang fungsional into the functional currency using the menggunakan kurs pada tanggal transaksi. exchange rates prevailing at the dates of the Laba atau rugi selisih kurs yang timbul dari transactions. Foreign exchange gains and penyelesaian transaksi dan dari penjabaran losses resulting from the settlement of such pada kurs akhir tahun atas aset dan transactions and from the translation at year liabilitas moneter dalam mata uang asing end exchange rates of monetary assets and diakui dalam laporan laba rugi liabilities denominated in foreign currencies komprehensif. Aset non-moneter yang are recognized in the statement of diukur pada nilai wajar dijabarkan comprehensive income. Non-monetary menggunakan kurs pada tanggal nilai wajar assets that are measured at fair value are ditentukan. Selisih penjabaran akun ekuitas translated using the exchange rate at the dan akun nonmoneter serupa yang diukur date that the fair value was determined. pada nilai wajar diakui dalam komponen Translation differences on equities and laba rugi. similar non-monetary items measured at fair value are recognized in profit or loss.

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, the 2013, kurs konversi yakni kurs Reuters conversion rates used for monetary assets pada pukul 16:00 Waktu Indonesia Barat and liabilities by the Company was the (WIB), yang digunakan oleh Perusahaan Reuters spot rate at 16:00 Western adalah sebagai berikut: Indonesian Time prevailing as follows:

31 Desember/December 31 2014 2013 (dalam Rupiah penuh)/ (dalam Rupiah penuh)/ (in full Rupiah) (in full Rupiah)

Poundsterling Inggris 19.288,40 20.110,93 Great Britain Poundsterling Euro 15.053,35 16.759,31 Euro Dolar Australia 10.148,27 10.855,65 Australian Dollar Dolar Amerika Serikat 12.385,00 12.170,00 United States Dollar Dolar Singapura 9.376,19 9.622,08 Singapore Dollar Yuan China 1.995,62 2.010,28 China Yuan

c. Transaksi Pihak Berelasi c. Transactions with Related Parties

Pihak berelasi adalah orang atau entitas A related party is a person or entity that is yang terkait dengan Perusahaan: related to the Company:

1. Orang atau anggota keluarga terdekat 1. A person or a close member of that mempunyai relasi dengan Perusahaan person's family is related to the jika orang tersebut: Company if that person:

a. memiliki pengendalian atau a. has control or joint control over the pengendalian bersama atas Company; Perusahaan;

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b. memiliki pengaruh signifikan atas b. has significant influence over the Perusahaan; atau Company; or c. personil manajemen kunci c. is a member of the key management Perusahaan atau entitas induk personnel of the reporting entity or of Perusahaan. a parent of the Company.

2. Suatu entitas berelasi dengan 2. An entity is related to the Company if Perusahaan jika memenuhi salah satu any of the following conditions applies: hal berikut:

a. Entitas dan Perusahaan adalah a. The entity and the Company are anggota dari kelompok usaha yang members of the same group. sama. b. Satu entitas adalah entitas asosiasi b. One entity is an associate or joint atau ventura bersama dari entitas venture of the other entity (or an lain (atau entitas asosiasi atau associate or joint venture of a ventura bersama yang merupakan member of a group of which the anggota suatu kelompok usaha, other entity is a member). yang mana entitas lain tersebut adalah anggotanya). c. Kedua entitas tersebut adalah c. Both entities are joint ventures of the ventura bersama dari pihak ketiga same third party. yang sama. d. Satu entitas adalah ventura d. One entity is a joint venture of a third bersama dari entitas ketiga dan entity and the other entity is an entitas yang lain adalah entitas associate of the third entity. asosiasi dari entitas ketiga. e. Entitas tersebut adalah suatu e. The entity is a post-employment program imbalan pascakerja untuk defined benefit plan for the benefit of imbalan kerja dari Perusahaan atau employees of either the Company or entitas yang terkait dengan an entity related to the Company. If Perusahaan. Jika Perusahaan the Company is itself such a plan, adalah entitas yang the sponsoring employers are also menyelenggarakan program related to the Company. tersebut, maka entitas sponsor juga berelasi dengan Perusahaan. f. Entitas yang dikendalikan atau f. The entity is controlled or jointly dikendalikan bersama oleh orang controlled by a person identified in yang diidentifikasi dalam huruf (1). (1). g. Orang yang diidentifikasi dalam g. A person identified in (1) (a) has huruf (1) (a) memiliki pengaruh significant influence over the entity or signifikan atas entitas atau is a member of the key management merupakan personil manajemen personnel of the entity (or of a parent kunci entitas (atau entitas induk dari of the entity). entitas).

Semua transaksi signifikan dengan pihak All significant transactions with related berelasi telah diungkapkan dalam laporan parties are disclosed in the financial keuangan. statements.

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d. Kas dan Setara Kas d. Cash and Cash Equivalents

Kas terdiri dari kas dan bank. Setara kas Cash consists of cash on hand and in adalah semua investasi yang bersifat banks. Cash equivalents are short-term, jangka pendek dan sangat likuid yang highly liquid investments that are readily dapat segera dikonversikan menjadi kas convertible to known amounts of cash with dengan jatuh tempo dalam waktu tiga bulan original maturities of three (3) months or less atau kurang sejak tanggal penempatannya, from the date of placements, and which are dan yang tidak dijaminkan serta tidak not used as collateral and are not restricted. dibatasi pencairannya.

e. Instrumen Keuangan e. Financial Instruments

Perusahaan mengakui aset keuangan atau The Company recognizes a financial asset liabilitas keuangan pada laporan posisi or a financial liability in the statement of keuangan jika, dan hanya jika, Perusahaan financial position if, and only if, they become menjadi salah satu pihak dalam ketentuan a party to the contractual provisions of the pada kontrak instrumen tersebut. instrument. All regular way purchases and Pembelian atau penjualan yang reguler sales of financial instruments are recognized atas instrumen keuangan diakui pada on the transaction date. tanggal transaksi.

Instrumen keuangan pada pengakuan awal Financial instruments are recognized initially diukur pada nilai wajarnya, yang at fair value, which is the fair value of the merupakan nilai wajar kas yang diserahkan consideration given (in case of an asset) or (dalam hal aset keuangan) atau yang received (in case of a liability). The fair value diterima (dalam hal liabilitas keuangan). of the consideration given or received is Nilai wajar kas yang diserahkan atau determined by reference to the transaction diterima ditentukan dengan mengacu pada price or other market prices. If such market harga transaksi atau harga pasar yang prices are not reliably determinable, the fair berlaku. Jika harga pasar tidak dapat value of the consideration is estimated as ditentukan dengan andal, maka nilai wajar the sum of all future cash payments or kas yang diserahkan atau diterima dihitung receipts, discounted using the prevailing berdasarkan estimasi jumlah seluruh market rates of interest for similar pembayaran atau penerimaan kas masa instruments with similar maturities. The depan, yang didiskontokan menggunakan initial measurement of financial instruments, suku bunga pasar yang berlaku untuk except for financial instruments at fair value instrumen sejenis dengan jatuh tempo yang through profit and loss (FVPL), includes sama atau hampir sama. Pengukuran awal transaction costs. instrumen keuangan termasuk biaya transaksi, kecuali untuk instrumen keuangan yang diukur pada nilai wajar melalui laba rugi.

Biaya transaksi adalah biaya-biaya yang Transaction costs include only those costs dapat diatribusikan secara langsung pada that are directly attributable to the perolehan atau penerbitan aset keuangan acquisition of a financial asset or issue of atau liabilitas keuangan, dimana biaya financial liability and they are incremental tersebut adalah biaya yang tidak akan costs that would not have been incurred if terjadi apabila entitas tidak memperoleh the instrument had not been acquired or atau menerbitkan instrumen keuangan. issued. Such transaction costs are Biaya transaksi tersebut diamortisasi amortized over the terms of the instruments sepanjang umur instrumen menggunakan based on the effective interest rate method. metode suku bunga efektif.

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Metode suku bunga efektif adalah metode Effective interest rate method is a method of yang digunakan untuk menghitung biaya calculating the amortized cost of a financial perolehan diamortisasi dari aset keuangan asset or a financial liability and allocating the atau liabilitas keuangan dan metode untuk interest income or expense over the relevant mengalokasikan pendapatan bunga atau period by using an interest rate that exactly beban bunga selama periode yang discounts estimated future cash payments relevan, menggunakan suku bunga yang or receipts through the expected life of the secara tepat mendiskontokan estimasi instruments or, when appropriate, a shorter pembayaran atau penerimaan kas di masa period to the net carrying amount of the depan selama perkiraan umur instrumen financial instruments. When calculating the keuangan atau, jika lebih tepat, digunakan effective interest, the Company estimates periode yang lebih singkat untuk future cash flows considering all contractual memperoleh nilai tercatat bersih dari terms of the financial instruments excluding instrumen keuangan. Pada saat future credit losses and includes all fees and menghitung suku bunga efektif, points paid or received that are an integral Perusahaan mengestimasi arus kas part of the effective interest rate. dengan mempertimbangkan seluruh persyaratan kontraktual dalam instrumen keuangan tersebut, tanpa mempertimbangkan kerugian kredit di masa depan, namun termasuk seluruh komisi dan bentuk lain yang dibayarkan atau diterima, yang merupakan bagian tidak terpisahkan dari suku bunga efektif.

Biaya perolehan diamortisasi dari aset Amortized cost is the amount at which the keuangan atau liabilitas keuangan adalah financial asset or financial liability is jumlah aset keuangan atau liabilitas measured at initial recognition, minus keuangan yang diukur pada saat principal repayments, plus or minus the pengakuan awal dikurangi pembayaran cumulative amortization using the effective pokok, ditambah atau dikurangi dengan interest rate method of any difference amortisasi kumulatif menggunakan metode between the initial amount recognized and suku bunga efektif yang dihitung dari selisih the maturity amount, minus any reduction for antara nilai awal dan nilai jatuh temponya, impairment. dan dikurangi cadangan kerugian penurunan nilai untuk penurunan nilai atau nilai yang tidak dapat ditagih.

Pengklasifikasian instrumen keuangan The classification of the financial dilakukan berdasarkan tujuan instruments depends on the purpose for perolehan instrumen tersebut dan which the instruments were acquired and mempertimbangkan apakah instrumen whether they are quoted in an active market. tersebut memiliki kuotasi harga di pasar At initial recognition, the Company classifies aktif. Pada saat pengakuan awal, its financial instruments in the following Perusahaan mengklasifikasikan instrumen categories: financial assets at FVPL, loans keuangan dalam kategori berikut: aset and receivables, held-to-maturity (HTM) keuangan yang diukur pada nilai wajar investments, available for sale (AFS) melalui laba rugi, pinjaman yang diberikan financial assets, financial liabilities at FVPL dan piutang, investasi dimiliki hingga jatuh and financial liabilities measured at tempo, aset keuangan tersedia untuk dijual, amortized cost; and where allowed and liabilitas keuangan yang diukur pada nilai appropriate, re-evaluates such classification wajar melalui laba rugi dan liabilitas at every reporting date. keuangan yang diukur pada biaya perolehan diamortisasi; dan melakukan evaluasi kembali atas kategori-kategori tersebut pada setiap tanggal pelaporan, apabila diperlukan dan tidak melanggar ketentuan yang disyaratkan.

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Penentuan Nilai Wajar Determination of Fair Value

Nilai wajar instrumen keuangan yang The fair value of financial instruments traded diperdagangkan di pasar aktif pada tanggal in active markets at the statement of laporan posisi keuangan adalah financial position date is based on their berdasarkan kuotasi harga pasar atau quoted market price or dealer price harga kuotasi penjual/dealer (bid price quotations (bid price for long positions and untuk posisi beli dan ask price untuk posisi ask price for short positions), without any jual), tanpa memperhitungkan biaya deduction for transaction costs. When transaksi. Apabila bid price dan ask price current bid and asking prices are not yang terkini tidak tersedia, maka harga available, the price of the most recent transaksi terakhir yang digunakan untuk transaction is used since it provides mencerminkan bukti nilai wajar terkini, evidence of the current fair value as long as sepanjang tidak terdapat perubahan there has not been a significant change in signifikan dalam perekonomian sejak economic circumstances since the time of terjadinya transaksi. Untuk seluruh the transaction. For all other financial instrumen keuangan yang tidak terdaftar instruments not listed in an active market, pada suatu pasar aktif, maka nilai wajar the fair value is determined by using ditentukan menggunakan teknik penilaian. appropriate valuation techniques. Valuation Teknik penilaian meliputi teknik nilai kini techniques include net present value (net present value), perbandingan terhadap techniques, comparison to similar instrumen sejenis yang memiliki harga instruments for which market observable pasar yang dapat diobservasi, model harga prices exist, options pricing models, and opsi (options pricing models), dan model other relevant valuation models. penilaian lainnya.

Perusahaan mengklasifikasi pengukuran The Company classifies the measurement of nilai wajar dengan menggunakan hirarki fair value by using fair value hierarchy which nilai wajar yang mencerminkan signifikansi reflects significance of inputs used to input yang digunakan untuk melakukan measure the fair value. The fair value pengukuran. Hirarki nilai wajar memiliki hierarchy is as follows: tingkat sebagai berikut:

1. Harga kuotasian dalam pasar aktif 1. Quoted prices in active market for untuk aset atau liabilitas yang identik identical assets or liabilities (Level 1); (Tingkat 1);

2. Input selain harga kuotasian yang 2. Inputs other than quoted prices which termasuk dalam Tingkat 1 yang dapat include in Level 1, and are either directly diobservasi untuk aset atau liabilitas, or indirectly observable for assets or baik secara langsung atau secara tidak liabilities (Level 2); langsung (Tingkat 2);

3. Input untuk aset atau liabilitas yang 3. Inputs for assets and liabilities which are bukan berdasarkan data yang dapat not derived from observable data diobservasi (Tingkat 3). (Level 3).

Tingkat pada hirarki nilai wajar dimana The level in fair value hierarchy to determine pengukuran nilai wajar dikategorikan the measurement of fair value as a whole is secara keseluruhan ditentukan determined based on the lowest level of berdasarkan input tingkat terendah yang input which is significant to the signifikan terhadap pengukuran nilai wajar measurement of fair value. Assessment of secara keseluruhan. Penilaian signifikansi significance of an input to the measurement suatu input tertentu dalam pengukuran nilai of fair value as a whole needs necessary wajar secara keseluruhan memerlukan judgments by considering specific factors of pertimbangan dengan memperhatikan the assets or liabilities. faktor-faktor spesifik atas aset atau liabilitas tersebut.

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Laba/Rugi Hari ke-1 Day 1 Profit/Loss

Apabila harga transaksi dalam suatu pasar Where the transaction price in a non-active yang tidak aktif berbeda dengan nilai wajar market is different from the fair value of instrumen sejenis pada transaksi pasar other observable current market terkini yang dapat diobservasi atau transactions in the same instrument or berbeda dengan nilai wajar yang based on a valuation technique whose dihitung menggunakan teknik penilaian variables include only data from observable dimana variabelnya merupakan data market, the Company recognizes the yang diperoleh dari pasar yang dapat difference between the transaction price and diobservasi, maka Perusahaan mengakui fair value (a Day 1 profit/loss) in selisih antara harga transaksi dengan nilai the statement of comprehensive income wajar tersebut (yakni Laba/Rugi hari ke-1) unless it qualifies for recognition as some dalam laporan laba rugi komprehensif, other type of asset. In cases where the data kecuali jika selisih tersebut memenuhi is not observable, the difference between kriteria pengakuan sebagai aset yang lain. the transaction price and model value is only Dalam hal tidak terdapat data yang dapat recognized in the statement of diobservasi, maka selisih antara harga comprehensive income when the inputs transaksi dan nilai yang ditentukan become observable or when the instrument berdasarkan teknik penilaian hanya diakui is derecognized. For each transaction, dalam laporan laba rugi komprehensif the Company determines the appropriate apabila data tersebut menjadi dapat method of recognizing the “Day 1” profit/loss diobservasi atau pada saat instrumen amount. tersebut dihentikan pengakuannya. Untuk masing-masing transaksi, Perusahaan menerapkan metode pengakuan Laba/Rugi Hari ke-1 yang sesuai.

Aset Keuangan Financial Assets

1. Aset keuangan yang diukur pada nilai 1. Financial Assets at FVPL wajar melalui laba rugi

Aset keuangan yang diukur pada Financial assets at FVPL include nilai wajar melalui laba rugi meliputi financial assets held for trading and aset keuangan dalam kelompok financial assets designated upon initial diperdagangkan dan aset keuangan recognition at FVPL. Financial assets yang pada saat pengakuan awal are classified as held for trading if they ditetapkan untuk diukur pada are acquired for the purpose of selling in nilai wajar melalui laba rugi. Aset the near term. Derivatives are also keuangan diklasifikasikan dalam classified as held for trading unless they kelompok dimiliki untuk are designated as effective hedging diperdagangkan apabila aset instruments. keuangan tersebut diperoleh terutama untuk tujuan dijual kembali dalam waktu dekat. Derivatif juga diklasifikasikan sebagai dimiliki untuk diperdagangkan kecuali derivatif yang ditetapkan sebagai instrumen lindung nilai yang efektif.

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Aset keuangan ditetapkan sebagai Financial assets may be designated at diukur pada nilai wajar melalui laba initial recognition at FVPL if the rugi pada saat pengakuan awal jika following criteria are met: memenuhi kriteria sebagai berikut:

a. Penetapan tersebut mengeliminasi a. the designation eliminates or atau mengurangi secara signifikan significantly reduces the ketidakkonsistenan pengukuran inconsistent treatment that would dan pengakuan yang dapat timbul otherwise arise from measuring the dari pengukuran aset atau financial assets or recognizing pengakuan keuntungan dan gains or losses on them on a kerugian karena penggunaan different basis; or dasar-dasar yang berbeda; atau

b. Aset tersebut merupakan bagian b. the assets are part of a group of dari kelompok aset keuangan, financial assets, financial liabilities liabilitas keuangan, atau or both which are managed and keduanya, yang dikelola dan their performance evaluated on a kinerjanya dievaluasi berdasarkan fair value basis, in accordance with nilai wajar, sesuai dengan a documented risk management or manajemen risiko atau strategi investment strategy; or investasi yang didokumentasikan; atau

c. instrumen keuangan tersebut c. the financial instruments contains memiliki derivatif melekat, kecuali an embedded derivative, unless the jika derivatif melekat tersebut tidak embedded derivative does not memodifikasi secara signifikan significantly modify the cash flows arus kas, atau terlihat jelas or it is clear, with little or no dengan sedikit atau tanpa analisis, analysis, that it would not be bahwa pemisahan derivatif separately recorded. melekat tidak dapat dilakukan.

Aset keuangan yang diukur pada nilai Financial assets at FVPL are recorded wajar melalui laba rugi dicatat pada in the statement of financial position at laporan posisi keuangan pada nilai fair value. Changes in fair value are wajarnya. Perubahan nilai wajar recognized directly in the statement of langsung diakui dalam laporan laba comprehensive income. Interest earned rugi komprehensif. Bunga yang is recorded as interest income, while diperoleh dicatat sebagai pendapatan dividend income is recorded as part of bunga, sedangkan pendapatan dividen other income according to the terms of dicatat sebagai bagian dari the contract, or when the right of pendapatan lain-lain sesuai dengan payment has been established. persyaratan dalam kontrak, atau pada saat hak untuk memperoleh pembayaran atas dividen tersebut telah ditetapkan.

Pada tanggal 31 Desember 2014 dan As of December 30, 2014 and 2013, 2013, efek-efek berupa obligasi securities in the form of corporate korporasi dan obligasi Pemerintah bonds and Government bonds are diklasifikasikan dalam kategori ini. included in this category.

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2. Pinjaman yang Diberikan dan Piutang 2. Loans and Receivables

Pinjaman yang diberikan dan piutang Loans and receivables are non- adalah aset keuangan non-derivatif derivative financial assets with fixed or dengan pembayaran tetap atau telah determinable payments that are not ditentukan dan tidak mempunyai quoted in an active market. They are kuotasi di pasar aktif. Aset keuangan not entered into with the intention of tersebut tidak dimaksudkan untuk immediate or short-term resale and are dijual dalam waktu dekat dan tidak not classified as financial assets at diklasifikasikan sebagai aset keuangan FVPL, HTM investments or AFS yang diukur pada nilai wajar melalui financial assets. laba rugi, investasi dimiliki hingga jatuh tempo atau aset tersedia untuk dijual.

Setelah pengukuran awal, pinjaman After initial measurement, loans and yang diberikan dan piutang receivables are subsequently measured diukur pada biaya perolehan at amortized cost using the effective diamortisasi menggunakan metode interest method, less allowance for suku bunga efektif, dikurangi impairment. Amortized cost is cadangan kerugian penurunan nilai. calculated by taking into account any Biaya perolehan diamortisasi tersebut discount or premium on acquisition and memperhitungkan premi atau diskonto fees and costs that are an integral part yang timbul pada saat perolehan serta of the effective interest rate. The imbalan dan biaya yang merupakan amortization is included as part of bagian integral dari suku bunga efektif. interest income in the statement of Amortisasi dicatat sebagai bagian dari comprehensive income. The losses pendapatan bunga dalam laporan laba arising from impairment are recognized rugi komprehensif. Kerugian yang in the statement of comprehensive timbul akibat penurunan nilai diakui income. dalam laporan laba rugi komprehensif.

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, 2013, kategori ini mencakup kas, giro this category includes cash, demand pada Bank Indonesia dan bank lain, deposits with Bank Indonesia and other penempatan pada bank lain, banks, placements with other banks, efek-efek berupa tagihan atas wesel securities in the form of bills receivable, ekspor, efek yang dibeli dengan janji securities purchased under agreements jual kembali, kredit yang diberikan, to resell, loans, acceptance receivable, tagihan akseptasi, pendapatan bunga interest receivable as well as other akrual, serta aset lain-lain berupa assets in the form of security deposits, setoran jaminan, tagihan sehubungan receivable in connection with the dengan penyelesaian Bank Indover, settlement of Indover Bank, insurance tagihan komisi asuransi, tagihan commission receivables, bills relating to sehubungan dengan ATM bersama ATM and mutual funds receivables. dan tagihan komisi reksadana.

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3. Investasi Dimiliki Hingga Jatuh Tempo 3. HTM Investments

Investasi dimiliki hingga jatuh tempo HTM investments are non-derivative adalah aset keuangan non-derivatif financial assets with fixed or dengan pembayaran tetap atau telah determinable payments and fixed ditentukan dan jatuh temponya maturities for which the Company’s telah ditetapkan, dan manajemen management has the positive intention Perusahaan memiliki intensi positif dan and ability to hold to maturity. When the kemampuan untuk memiliki aset Company sells or reclassifies other than keuangan tersebut hingga jatuh tempo. an insignificant amount of HTM Apabila Perusahaan menjual atau investments before maturity, the entire mereklasifikasi investasi dimiliki hingga category would be tainted and jatuh tempo dalam jumlah yang lebih reclassified as AFS financial assets. dari jumlah yang tidak signifikan sebelum jatuh tempo, maka seluruh aset keuangan dalam kategori tersebut terkena aturan pembatasan (tainting rule) dan harus direklasifikasi ke kelompok tersedia untuk dijual.

Setelah pengukuran awal, investasi ini After initial measurement, these diukur pada biaya perolehan investments are subsequently diamortisasi menggunakan metode measured at amortized cost using the suku bunga efektif, setelah dikurangi effective interest method, less cadangan kerugian penurunan nilai. allowance for impairment in value. Biaya perolehan diamortisasi tersebut Amortized cost is calculated by taking memperhitungkan premi atau diskonto into account any discount or premium yang timbul pada saat perolehan serta on acquisition and fees that are an imbalan dan biaya yang merupakan integral part of the effective interest bagian integral dari suku bunga efektif. rate. The amortization is included as Amortisasi dicatat sebagai bagian dari part of interest income in the statement pendapatan bunga dalam laporan laba of comprehensive income. Gains and rugi komprehensif. Keuntungan dan losses are recognized in the statement kerugian yang timbul diakui dalam of comprehensive income when the laporan laba rugi komprehensif pada HTM investments are derecognized and saat penghentian pengakuan dan impaired, as well as through the penurunan nilai dan melalui proses amortization process using effective amortisasi menggunakan metode suku interest method. bunga efektif.

Pada tanggal 31 Desember 2014 dan As of December, 2014 and 2013, 2013, kategori ini mencakup this category includes placements with penempatan pada Bank Indonesia Bank Indonesia in the form of deposit dalam bentuk deposit facility dan term facility and term deposits and deposit, efek-efek dalam bentuk investments in securities in the form of Sertifikat Bank Indonesia (SBI), Bank Indonesia Certificates (SBI), obligasi Pemerintah, obligasi korporasi, Government bonds, corporate bonds, dan Republik Indonesia - ROI Loans. and the Republic of Indonesia - ROI Loan.

- 22 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

4. Aset Keuangan Tersedia untuk Dijual 4. AFS Financial Assets

Aset keuangan tersedia untuk dijual AFS financial assets are those which merupakan aset yang ditetapkan are designated as such or not classified sebagai tersedia untuk dijual atau tidak in any of the other categories. They are diklasifikasikan dalam kategori purchased and held indefinitely and instrumen keuangan yang lain. Aset may be sold in response to liquidity keuangan ini diperoleh dan dimiliki requirements or changes in market untuk jangka waktu yang tidak conditions. ditentukan dan dapat dijual sewaktu- waktu untuk memenuhi kebutuhan likuiditas atau karena perubahan kondisi pasar.

Setelah pengukuran awal, aset After initial measurement, AFS financial keuangan tersedia untuk dijual diukur assets are measured at fair value with pada nilai wajar, dengan laba atau rugi unrealized gains or losses recognized yang belum direalisasi diakui sebagai as other comprehensive income until pendapatan komprehensif lain sampai the investment is sold, or determined to aset keuangan tersebut dihentikan be impaired, at which time the pengakuannya atau dianggap telah cumulative gain or loss is reclassified to mengalami penurunan nilai, dimana the profit and loss and removed from pada saat itu akumulasi laba atau rugi equity. direklasifikasi ke komponen laba rugi dan dikeluarkan dari ekuitas.

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, 2013, kategori ini mencakup investasi this category includes investments efek-efek dalam bentuk obligasi securities in the form of corporate korporasi dan obligasi Pemerintah. bonds and Government bonds.

Liabilitas Keuangan dan Instrumen Financial Liabilities and Equity Ekuitas Instruments

Liabilitas keuangan dan instrumen ekuitas Financial liabilities and equity instruments of Perusahaan diklasifikasikan berdasarkan the Company are classified according to the substansi perjanjian kontraktual serta substance of the contractual arrangements definisi liabilitas keuangan dan instrumen entered into and the definitions of a financial ekuitas. Kebijakan akuntansi yang liability and equity instrument. The diterapkan atas instrumen keuangan accounting policies adopted for specific tersebut diungkapkan berikut ini. financial instruments are set out below.

Instrumen Ekuitas Equity Instruments

Instrumen ekuitas adalah setiap kontrak An equity instrument is any contract that yang memberikan hak residual atas aset evidences a residual interest in the assets of suatu entitas setelah dikurangi dengan an entity after deducting all of its liabilities. seluruh liabilitasnya. Instrumen ekuitas Equity instruments are recorded at the dicatat sejumlah hasil yang diterima, proceeds received, net of direct issue costs. setelah dikurangkan dengan biaya penerbitan langsung.

- 23 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Liabilitas Keuangan Financial Liabilities

1. Liabilitas keuangan yang diukur pada 1. Financial Liabilities at FVPL nilai wajar melalui laba rugi

Liabilitas keuangan diklasifikasikan Financial liabilities are classified in this dalam kategori ini apabila liabilitas category if these result from trading tersebut merupakan hasil dari aktivitas activities or derivative transactions that perdagangan atau transaksi derivatif are not accounted for as accounting yang tidak dimaksudkan sebagai hedges, or when the Company elects to lindung nilai, atau jika Perusahaan designate a financial liability under this memilih untuk menetapkan liabilitas category. keuangan tersebut dalam kategori ini.

Perubahan dalam nilai wajar langsung Changes in fair value are recognized diakui dalam laporan laba rugi directly in the statements of komprehensif. comprehensive income.

Pada tanggal 31 Desember 2014 As of December 31, 2014 and 2013, dan 2013, liabilitas derivatif derivative liabilities are included in this diklasifikasikan dalam kategori ini. category.

2. Liabilitas Keuangan yang Diukur Pada 2. Financial Liabilities Measured at Biaya Perolehan Diamortisasi Amortized Cost

Kategori ini merupakan liabilitas This category pertains to financial keuangan yang dimiliki tidak untuk liabilities that are not held for trading or diperdagangkan atau pada saat not designated at FVPL upon the pengakuan awal tidak ditetapkan untuk inception of the liability. diukur pada nilai wajar melalui laba rugi.

Instrumen keuangan yang diterbitkan Issued financial instruments or their atau komponen dari instrumen components, which are not classified as keuangan tersebut, yang tidak financial liabilities at FVPL are classified diklasifikasikan sebagai liabilitas as financial liabilities measured at keuangan yang diukur pada nilai wajar amortized cost, where the substance of melalui laba rugi, diklasifikasikan the contractual arrangement results in sebagai liabilitas keuangan yang the Company having an obligation diukur pada biaya perolehan either to deliver cash or another diamortisasi, jika substansi perjanjian financial asset to the holder, or to kontraktual mengharuskan satisfy the obligation other than by the Perusahaan untuk menyerahkan kas exchange of a fixed amount of cash or atau aset keuangan lain kepada another financial asset for a fixed pemegang instrumen keuangan, atau number of own equity shares. jika liabilitas tersebut diselesaikan tidak melalui penukaran kas atau aset keuangan lain atau saham sendiri yang jumlahnya tetap atau telah ditetapkan.

Liabilitas keuangan yang diukur pada Financial liabilities measured at biaya perolehan diamortisasi pada amortized cost are recognized initially at pengakuan awal diukur pada nilai fair value and are subsequently carried wajar dan sesudah pengakuan at amortized cost, taking into account awal diukur pada biaya the impact of applying the effective perolehan diamortisasi, dengan interest method of amortization (or memperhitungkan dampak amortisasi accretion) for any related premium, (atau akresi) berdasarkan suku bunga discount, and any directly attributable efektif atas premi, diskonto, dan biaya transaction costs. transaksi yang dapat diatribusikan secara langsung.

- 24 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, 2013, kategori ini mencakup liabilitas this category includes liabilities segera, simpanan, simpanan dari bank immediately payable, deposits, deposits lain, liabilitas akseptasi, surat berharga from other banks, acceptances payable, yang diterbitkan, beban bunga akrual, securities issued, accrued interest, as serta liabilitas lain-lain dalam bentuk well as other liabilities in the form of liabilitas premi penjaminan Pemerintah Government guarantee premium serta setoran jaminan L/C dan bank liabilities, security deposit for L/C and garansi. bank guarantee.

Instrumen Keuangan Derivatif Derivative Financial Instruments

Dalam usaha normalnya, Perusahaan In the normal course of business, the melakukan transaksi instrumen keuangan Company enters into transactions involving derivatif berupa kontrak tunai dan derivative financial instruments such as berjangka mata uang asing. Instrumen foreign currency spot and forward contracts keuangan derivatif dinilai dan dibukukan di and foreign currency swaps. Derivative laporan posisi keuangan pada nilai wajar financial instruments are valued and dengan menggunakan harga pasar. recorded on statement of financial position Derivatif dicatat sebagai aset apabila at their fair value using market rates. memiliki nilai wajar positif dan sebagai Derivatives are carried as assets when the liabilitas apabila memiliki nilai wajar negatif. fair value is positive and as liabilities when Keuntungan atau kerugian yang terjadi dari the fair value is negative. Gains or losses as perubahan nilai wajar diakui sebagai a result of fair value changes are recognized laba/rugi. as current year profit/loss.

Saling Hapus Instrumen Keuangan Offsetting of Financial Instruments

Aset keuangan dan liabilitas keuangan Financial assets and liabilities are offset and saling hapus dan nilai bersihnya disajikan the net amount reported in the statements of dalam laporan posisi keuangan jika, dan financial position if, and only if, there is a hanya jika, Perusahaan saat ini memiliki currently enforceable right to offset the hak yang berkekuatan hukum untuk recognized amounts and there is intention to melakukan saling hapus atas jumlah yang settle on a net basis, or to realize the asset telah diakui tersebut dan berniat untuk and settle the liability simultaneously. menyelesaikan secara neto atau untuk merealisasikan aset dan menyelesaikan liabilitasnya secara simultan.

Penghentian Pengakuan Aset dan Derecognition of Financial Assets and Liabilitas Keuangan Liabilities

1. Aset Keuangan 1. Financial Assets

Aset keuangan (atau bagian dari suatu Financial asset (or, where applicable, a aset keuangan, atau kelompok aset part of a financial asset or part of a keuangan serupa) dihentikan group of similar financial assets) is pengakuannya jika: derecognized when:

a. Hak kontraktual atas arus kas a. The rights to receive cash flows yang berasal dari aset keuangan from the asset have expired; tersebut berakhir;

- 25 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

b. Perusahaan telah mentransfer b. The Company has transferred its haknya untuk menerima arus kas rights to receive cash flows from dari aset keuangan dan (i) telah the asset and either (i) has mentransfer secara substansial transferred substantially all the seluruh risiko dan manfaat atas risks and rewards of the asset, or aset keuangan, atau (ii) secara (ii) has neither transferred nor substansial tidak mentransfer retained substantially all the risks atau tidak memiliki seluruh risiko and rewards of the asset, but has dan manfaat atas aset keuangan, transferred control of the asset. namun telah mentransfer pengendalian atas aset keuangan tersebut.

Ketika Perusahaan telah mentransfer Where the Company has transferred its hak untuk menerima arus kas dari rights to receive cash flows from an suatu aset keuangan atau telah asset or has entered into a pass- menjadi pihak dalam suatu through arrangement, and has neither kesepakatan, dan secara substansial transferred nor retained substantially all tidak mentransfer dan tidak memiliki the risks and rewards of the asset nor seluruh risiko dan manfaat atas aset the transferred control of the asset, the keuangan dan masih memiliki asset is recognized to the extent of the pengendalian atas aset tersebut, maka Company continuing involvement in the aset keuangan diakui sebesar asset. Continuing involvement that keterlibatan berkelanjutan Perusahaan takes the form of a guarantee over the dengan aset keuangan tersebut. transferred asset is measured at the Keterlibatan berkelanjutan dalam lower of the original carrying amount of bentuk pemberian jaminan atas aset the asset and the maximum amount of yang ditransfer diukur berdasarkan consideration that the Company could jumlah terendah antara nilai aset yang be required to repay. ditransfer dengan nilai maksimal dari pembayaran yang diterima yang mungkin harus dibayar kembali oleh Perusahaan.

2. Liabilitas Keuangan 2. Financial Liabilities

Liabilitas keuangan dihentikan A financial liability is derecognized pengakuannya jika liabilitas keuangan when the obligation under the contract tersebut berakhir, dibatalkan, atau is discharged, cancelled or has expired. telah kadaluarsa. Jika liabilitas Where an existing financial liability is keuangan tertentu digantikan dengan replaced by another from the same liabilitas keuangan lain dari pemberi lender on substantially different terms, pinjaman yang sama namun dengan or the terms of an existing liability are persyaratan yang berbeda secara substantially modified, such an substansial, atau terdapat modifikasi exchange or modification is treated as a secara substansial atas ketentuan derecognition of the original liability. liabilitas keuangan yang ada saat ini, The recognition of a new liability and maka pertukaran atau modifikasi the difference in the respective carrying tersebut dianggap sebagai amounts is recognized in the statement penghentian pengakuan liabilitas of comprehensive income. keuangan awal. Pengakuan timbulnya liabilitas keuangan baru serta selisih antara nilai tercatat liabilitas keuangan awal dengan yang baru diakui dalam laporan laba rugi komprehensif.

- 26 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

f. Penurunan Nilai Dari Aset Keuangan f. Impairment of Financial Assets

Pada setiap tanggal laporan posisi The Company’s management assesses at keuangan, manajemen Perusahaan each statement of financial position date menelaah apakah suatu aset keuangan whether a financial asset or group of atau kelompok aset keuangan telah financial assets is impaired. mengalami penurunan nilai.

1. Aset keuangan pada biaya perolehan 1. Assets Carried at Amortized Cost diamortisasi

Manajemen pertama-tama The management first assesses menentukan apakah terdapat bukti whether objective evidence of obyektif mengenai penurunan nilai impairment exists individually for secara individual atas aset keuangan financial assets that are individually yang signifikan secara individual, atau significant, or collectively for financial secara kolektif untuk aset keuangan assets that are not individually yang jumlahnya tidak signifikan significant. If the management secara individual. Jika manajemen determines that no objective evidence menentukan tidak terdapat bukti of impairment exists for an individually obyektif mengenai penurunan nilai assessed financial asset, whether atas aset keuangan yang dinilai secara significant or not, the asset is included individual, baik aset keuangan tersebut in a group of financial assets with signifikan atau tidak signifikan, maka similar credit risk characteristics and aset tersebut dimasukkan ke dalam that group of financial assets is kelompok aset keuangan yang collectively assessed for impairment. memiliki karakteristik risiko kredit yang Assets that are individually assessed for sejenis dan menilai penurunan nilai impairment and for which an impairment kelompok tersebut secara kolektif. loss, is or continues to be recognized Aset yang penurunan nilainya dinilai are not included in a collective secara individual, dan untuk itu assessment of impairment. kerugian penurunan nilai diakui atau tetap diakui, tidak termasuk dalam penilaian penurunan nilai secara kolektif.

Bukti obyektif bahwa aset keuangan Objective evidence that financial assets mengalami penurunan nilai meliputi are impaired can include default or wanprestasi atau tunggakan delinquency by a borrower, pembayaran oleh debitur, kesulitan restructuring of a loan with the terms keuangan, restrukturisasi kredit that the Company would not otherwise dengan persyaratan yang tidak consider if the borrower has no financial mungkin diberikan Perusahaan jika difficulties, indications that a borrower debitur tidak mengalami kesulitan or issuer will enter into bankruptcy, keuangan, indikasi debitur atau disappearance of an active market for a penerbit dinyatakan pailit, hilangnya security due to financial difficulties, pasar aktif dari aset keuangan akibat observable data indicating that there is kesulitan keuangan, atau data yag a measurable decrease in the estimated dapat diobservasi mengindikasikan future cash flows from a portfolio of adanya penurunan yang dapat diukur financial assets since the initial atas estimasi arus kas masa datang recognition of those assets, although dari kelompok aset keuangan sejak the decrease cannot yet be identified pengakuan awal aset dimaksud, with the individual financial assets in the meskipun penurunannya belum dapat portfolio, including adverse changes in diidentifikasi terhadap aset keuangan the payment status of borrowers in the secara individual dalam kelompok aset portfolio. tersebut, termasuk memburuknya status pembayaran pihak peminjam dalam kelompok tersebut.

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Jika terdapat bukti obyektif bahwa rugi If there is an objective evidence that an penurunan nilai telah terjadi, maka impairment loss has been incurred, the jumlah kerugian tersebut diukur amount of the loss is measured as the sebagai selisih antara nilai tercatat difference between the asset’s carrying aset dengan nilai kini estimasi arus kas amount and the present value of masa depan (tidak termasuk kerugian estimated future cash flows (excluding kredit di masa depan yang belum future credit losses that have not been terjadi) yang didiskonto menggunakan incurred) discounted at the financial suku bunga efektif awal dari aset asset’s original effective interest rate tersebut (yang merupakan suku bunga (i.e., the effective interest rate efektif yang dihitung pada saat computed at initial recognition). The pengakuan awal). Nilai tercatat aset carrying amount of the asset shall be tersebut langsung dikurangi dengan reduced either directly or through the penurunan nilai yang terjadi atau use of an allowance account. The menggunakan akun cadangan dan amount of loss is charged to the jumlah kerugian yang terjadi diakui statement of comprehensive income. dalam laporan laba rugi komprehensif.

Perhitungan nilai kini dari estimasi arus The calculation of the present value of kas masa datang atas aset keuangan the estimated future cash flows of a dengan agunan mencerminkan arus collateralised financial asset reflects the kas yang dapat dihasilkan dari cash flows that may result from pengambilalihan agunan dikurangi foreclosure less costs for obtaining and biaya-biaya untuk memperoleh dan selling the collateral, whether or not menjual agunan, terlepas apakah foreclosure is probable. pengambilalihan tersebut berpeluang terjadi atau tidak.

Untuk tujuan evaluasi penurunan nilai For the purposes of a collective secara kolektif, aset keuangan evaluation of impairment, financial dikelompokkan berdasarkan kesamaan assets are grouped based on similar karakteristik risiko kredit seperti characteristics such as credit risk and mempertimbangkan segmentasi kredit credit segmentation considered dan status tunggakan. Karakteristik delinquent status. The characteristics yang dipilih adalah relevan dengan chosen are relevant to the estimation of estimasi arus kas masa datang dari future cash flows from the assets that kelompok aset tersebut yang indicates the ability of the debtor or mengindikasikan kemampuan debitur counterparty to pay all liabilities with atau rekanan untuk membayar seluruh maturities corresponding contractual liabilitas yang jatuh tempo sesuai terms of the assets being evaluated. persyaratan kontrak dari aset yang dievaluasi.

Arus kas masa datang dari kelompok Future cash flows from the financial aset keuangan yang penurunan assets that are collectively evaluated for nilainya dievaluasi secara kolektif, impairment, are estimated based on diestimasi berdasarkan arus kas contractual cash flows and historical kontraktual dan kerugian historis yang loss experienced for assets with credit pernah dialami atas aset-aset yang risk characteristics similar credit risk memiliki karakteristik risiko kredit yang characteristics of the group. Historical serupa dengan karakteristik risiko losses experienced then adjusted kredit kelompok tersebut. Kerugian based on the latest data that can be historis yang pernah dialami kemudian observed to reflect current conditions disesuaikan berdasarkan data terkini that did not affect the period in which yang dapat diobservasi untuk the historical loss, and to eliminate the mencerminkan kondisi saat ini yang influence of existing conditions in the tidak berpengaruh pada periode historical period, but was no longer terjadinya kerugian historis tersebut, present. dan untuk menghilangkan pengaruh kondisi yang ada pada periode historis namun sudah tidak ada lagi saat ini.

- 28 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Jika, pada tahun berikutnya, jumlah If, in a subsequent year, the amount of kerugian penurunan nilai berkurang the impairment loss decreases because karena suatu peristiwa yang terjadi of an event occurring after the setelah penurunan nilai tersebut impairment was recognized, the diakui, maka dilakukan penyesuaian previously recognized impairment loss atas cadangan kerugian penurunan is reversed. Any subsequent reversal nilai yang sebelumnya diakui. of an impairment loss is recognized in Pemulihan penurunan nilai selanjutnya the statement of comprehensive diakui dalam laporan laba rugi income, to the extent that the carrying komprehensif, dengan ketentuan nilai value of the asset does not exceed its tercatat aset setelah pemulihan amortized cost at the reversal date. penurunan nilai tidak melampaui biaya perolehan diamortisasi pada tanggal pemulihan tersebut.

2. Aset keuangan yang dicatat pada 2. Assets Carried at Cost biaya perolehan

Jika terdapat bukti obyektif bahwa If there is objective evidence that an kerugian penurunan nilai telah terjadi impairment loss has been incurred on atas instrumen ekuitas yang tidak an unquoted equity instrument that is memiliki kuotasi harga di pasar aktif not carried at fair value because its fair dan tidak diukur pada nilai wajar value cannot be reliably measured, the karena nilai wajarnya tidak dapat amount of the loss is measured as the diukur secara andal, maka jumlah difference between the asset’s carrying kerugian penurunan nilai diukur amount and the present value of berdasarkan selisih antara nilai tercatat estimated future cash flows discounted aset keuangan dengan nilai kini dari at the current market rate of return for estimasi arus kas masa depan yang a similar financial asset. didiskontokan pada tingkat pengembalian yang berlaku di pasar untuk aset keuangan serupa.

3. Aset keuangan tersedia untuk dijual 3. AFS Financial Assets

Dalam hal instrumen ekuitas dalam In case of equity investments classified kelompok tersedia untuk dijual, as AFS, assessment of any impairment penelaahan penurunan nilai ditandai would include a significant or prolonged dengan penurunan nilai wajar dibawah decline in the fair value of the biaya perolehannya yang signifikan investments below its cost. Where there dan berkelanjutan. Jika terdapat bukti is evidence of impairment, the obyektif penurunan nilai, maka cumulative loss measured as the kerugian penurunan nilai kumulatif difference between the acquisition cost yang dihitung dari selisih antara and the current fair value, less any biaya perolehan dengan nilai wajar impairment loss on that financial asset kini, dikurangi kerugian penurunan previously recognized in the profit and nilai yang sebelumnya telah diakui loss is removed from equity and dalam komponen laba rugi, recognized in the statement of dikeluarkan dari ekuitas dan diakui comprehensive income. Impairment dalam laporan laba rugi komprehensif. losses on equity investments are not Kerugian penurunan nilai tidak boleh reversed through the profit and loss. dipulihkan melalui komponen laba rugi. Increases in fair value after impairment Kenaikan nilai wajar setelah terjadinya are recognized directly in equity. penurunan nilai diakui di ekuitas.

- 29 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Dalam hal instrumen utang dalam In the case of debt instruments kelompok tersedia untuk dijual, classified as AFS, impairment is penurunan nilai ditelaah berdasarkan assessed based on the same criteria as kriteria yang sama dengan aset financial assets carried at amortized keuangan yang dicatat pada biaya cost. Interest continues to be accrued perolehan diamortisasi. Bunga tetap at the original effective interest rate on diakru berdasarkan suku bunga efektif the reduced carrying amount of the asal yang diterapkan pada nilai asset and is recorded as part of interest tercatat aset yang telah diturunkan income in the statement of nilainya, dan dicatat sebagai bagian comprehensive income. If, in dari pendapatan bunga dalam laporan subsequent year, the fair value of a laba rugi komprehensif. Jika, pada debt instrument increased and the tahun berikutnya, nilai wajar instrumen increase can be objectively related to utang meningkat dan peningkatan nilai an event occurring after the impairment wajar tersebut karena suatu peristiwa loss was recognized in the statement of yang terjadi setelah penurunan nilai comprehensive income, the impairment tersebut diakui, maka penurunan nilai loss is reversed through the profit and yang sebelumnya diakui harus loss. dipulihkan melalui komponen laba rugi.

g. Giro Wajib Minimum (GWM) g. Minimum Liquidity Reserve

Pada tanggal 4 Oktober 2010, Bank On October 4, 2010, Bank Indonesia (BI) Indonesia (BI) mengeluarkan peraturan issued a regulation No.12/19/PBI/2010 No.12/19/PBI/2010 tentang Giro Wajib regarding Statutory Reserves at Bank Minimum Bank Umum pada Bank Indonesia for Commercial Banks in Rupiah Indonesia Dalam Rupiah dan Valuta Asing and Foreign Currencies, as amended by sebagaimana telah diubah dengan Bank Indonesia Regulation (PBI) Peraturan Bank Indonesia (PBI) No. 13/10/PBI/2011 dated February 9, 2011. No. 13/10/PBI/2011 tanggal 9 Februari The latest amendment is PBI 2011 dan terakhir diubah dengan PBI No. 15/15/PBI/2013 which effective since No. 15/15/PBI/2013 yang berlaku efektif December 24, 2013. Based on the Bank sejak tanggal 24 Desember 2013. Indonesia Regulation, the statutory reserve Berdasarkan peraturan tersebut, GWM consists of Rupiah and Foreign Currency terdiri dari GWM Rupiah dan GWM mata Reserve. Statutory Reserve in Rupiah uang asing. GWM Rupiah terdiri dari GWM consist of Primary Reserve, Secondary Utama, GWM Sekunder dan GWM Loan to Reserve, and Loan to Deposit Ratio (LDR) Deposit Ratio (LDR). Reserve.

GWM Utama adalah simpanan minimum Primary Statutory Reserve is a minimum yang wajib dipelihara oleh bank dalam deposit that should be maintained by the bentuk saldo rekening giro pada BI yang bank in current account with BI based on a besarnya ditetapkan oleh BI sebesar certain percentage of Third Party Fund persentase tertentu dari dana pihak ketiga. (TPF) as determined by BI.

GWM Sekunder adalah cadangan minimum Secondary Statutory Reserve is a minimum yang wajib dipelihara oleh bank dalam deposit that should be maintained by bentuk Sertifikat Bank Indonesia (SBI), the bank in the form of Bank Indonesia Surat Utang Negara (SUN) dan/atau Certificates (SBI), Government Debenture Excess Reserve, yang besarnya ditetapkan Debt (SUN) and/or Excess Reserve, based BI sebesar persentase tertentu. on certain percentage of TPF in accordance with the regulation.

GWM LDR adalah simpanan minimum LDR Reserve is a minimum deposit required yang wajib dipelihara oleh bank dalam to be maintained by the banks in the form of bentuk saldo rekening giro pada Bank current account with BI for the percentage of Indonesia sebesar persentase dari DPK TPF which is calculated based on the yang dihitung berdasarkan selisih LDR difference of LDR held by banks and Target yang dimiliki oleh bank dan target LDR LDR which must be complied by banks. yang wajib dipenuhi oleh bank.

- 30 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

GWM yang wajib dibentuk adalah sebagai Minimum liquidity reserve requirments are berikut: as follows:

2014 2013 %%

Rupiah Rupiah GWM Primer Primary reserve Konvensional 8,00 8,00 Conventional Syariah 5,00 5,00 Sharia GWM Sekunder Secondary reserve Konvensional 4,00 4,00 Conventional GWM LDR 0,64 1,34 LDR Reserve Mata uang asing Foreign currency Konvensional 8,00 8,00 Conventional Syariah 1,00 1,00 Sharia

h. Penempatan pada Bank Lain dan Bank h. Placements with Other Banks and Bank Indonesia Indonesia

Penempatan pada bank lain merupakan Placements with other banks represent penanaman dana dalam bentuk deposito investments in time deposits of sharia, call berjangka syariah, call money, deposit on money, deposits on call, deposit facility, call, deposit facility, term deposit dan lain- term deposit and others. lain.

Penempatan pada bank lain dan Bank Placements with other banks and Bank Indonesia dinyatakan sebesar biaya Indonesia are stated at amortized cost using perolehan diamortisasi menggunakan the effective interest method less allowance metode suku bunga efektif dikurangi for impairment losses. Placements with cadangan kerugian penurunan nilai. other banks are classified as financial assets Penempatan pada bank lain dikategorikan in loans and receivables, whereas sebagai aset keuangan dalam kelompok placements with Bank Indonesia intervention pinjaman yang diberikan dan piutang, in the form of deposit facility and term sedangkan penempatan pada Bank deposit classified as financial assets in held Indonesia dalam bentuk deposit facility dan to maturity. Refer to Note 2e for the term deposit dikategorikan sebagai aset accounting policy of financial assets held for keuangan dalam kelompok investasi dimiliki loans and receivable and held to maturity. hingga jatuh tempo. Lihat Catatan 2e untuk kebijakan akuntansi aset keuangan dalam kelompok pinjaman diberikan dan piutang dan dimiliki hingga jatuh tempo.

i. Efek-efek i. Marketable Securities

Efek-efek yang dimiliki terdiri dari SBI, Marketable securities consist of SBI, bonds, obligasi, surat utang jangka menengah, medium term notes, export bills receivable, tagihan wesel ekspor, dan efek-efek pasar and other money market and capital market uang dan pasar modal lainnya. securities.

Obligasi terdiri dari Obligasi Pemerintah Bonds consist of Government Bonds and dan Obligasi Korporasi yang dibeli dari Corporate Bonds purchased from the pasar. market.

- 31 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Efek-efek diklasifikasikan sebagai Marketable securities are classified as aset keuangan dalam kelompok financial assets held for trading, loans and diperdagangkan, pinjaman yang diberikan receivable, available for sale, and held to dan piutang, tersedia untuk dijual dan maturity. Refer to Note 2e for the accounting dimiliki hingga jatuh tempo. Lihat Catatan policy of financial assets held for trading, 2e untuk kebijakan akuntansi loans and receivable, available for sale and atas aset keuangan dalam kelompok held to maturity. diperdagangkan, pinjaman yang diberikan dan piutang, tersedia untuk dijual dan dimiliki hingga jatuh tempo.

Pada pengukuran awal, efek-efek disajikan Marketable securities are initially measured sebesar nilai wajar ditambah dengan biaya at fair value plus directly attributable transaksi yang dapat diatribusikan secara transaction costs. For marketable securities langsung. Untuk efek-efek yang diukur measured at fair value through profit and pada nilai wajar melalui laba rugi, biaya loss, the transaction costs is directly transaksi diakui secara langsung sebagai charged as profit/loss. laba/rugi.

Investasi Sukuk Investment in Sukuk

1. Investasi sukuk diukur pada biaya 1. Investment in sukuk measured at cost perolehan

Investasi pada sukuk pada awalnya Investment in sukuk is initially measured diakui sebesar biaya perolehan, at cost, including transaction costs. The termasuk biaya transaksi. Selisih antara difference between the acquisition cost biaya perolehan dan nilai nominal and the nominal value is amortized diamortisasi secara garis lurus selama straight-line basis over the term of the jangka waktu sukuk. sukuk.

Jika terdapat indikasi penurunan nilai If such indication of impairment exists maka jumlah kerugian penurunan nilai then the amount of impairment loss is tersebut diukur sebagai selisih antara measured as the difference between jumlah terpulihkan sukuk dengan nilai the recoverable amount of sukuk to its tercatatnya. carrying value.

2. Investasi sukuk diukur pada nilai wajar 2. Investment in sukuk measured at fair value

Investasi pada sukuk pada awalnya Investment in sukuk is measured at cost, diakui sebesar biaya perolehan, tidak excluding transaction costs. After initial termasuk biaya transaksi. Setelah recognition, the difference between the pengakuan awal, selisih antara nilai fair value and the carrying amount is wajar dan jumlah tercatat diakui dalam recognized in the statement of laporan laba rugi komprehensif. comprehensive income.

j. Kredit yang diberikan j. Loans

Kredit yang diberikan adalah penyediaan Loans represent provision of cash or cash uang atau tagihan yang dapat disetarakan equivalents based on agreements with dengan kas, berdasarkan persetujuan atau borrowers, where borrowers required to kesepakatan pinjam-meminjam dengan repay their debts with interest after specified debitur yang mewajibkan debitur untuk periods. melunasi utang berikut bunganya setelah jangka waktu tertentu.

- 32 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Kredit yang diberikan diklasifikasikan Loans are classified as financial assets in sebagai aset keuangan dalam kelompok loans and receivables. Whereas placements pinjaman yang diberikan dan piutang. Lihat with Bank Indonesia intervention in the form Catatan 2e untuk kebijakan akuntansi aset of BI investments classified as held to keuangan dalam kelompok pinjaman yang maturity. Refer to Note 2e for the accounting diberikan dan piutang. policy of financial assets in loans and receivables.

Kredit yang diberikan pada awalnya diukur Loans are initially measured at fair value pada nilai wajar ditambah dengan biaya plus transaction costs that are directly transaksi yang dapat diatribusikan secara attributable and additional costs to acquire langsung dan biaya tambahan untuk the asset, and after initial recognition are memperoleh aset keuangan tersebut, dan measured at amortized cost using the setelah pengakuan awal diukur pada biaya effective interest method less any allowance perolehan diamortisasi menggunakan for impairment losses. metode suku bunga efektif dikurangi dengan cadangan kerugian penurunan nilai.

Termasuk dalam kredit yang diberikan Loans include sharia financing which consist adalah pembiayaan syariah yang terdiri of murabahah receivable and mudharabah dari piutang murabahah dan pembiayaan financing. Murabahah is an agreement for mudharabah. Murabahah adalah akad jual the sale and purchase of goods with sales beli barang dengan harga jual sebesar price equivalent to cost plus agreed margin, biaya perolehan ditambah keuntungan and the seller should inform the purchased (marjin) yang disepakati dan penjual harus cost to buyer. Mudharabah is an agreement mengungkapan biaya perolehan barang between the bank as an owner of funds tersebut kepada pembeli. Mudharabah (shahibul maal) and customer as a fund adalah akad kerjasama usaha antara bank manager (mudharib) to run a business with sebagai pemilik dana (shahibul maal) dan pre-defined terms of nisbah (gain or loss). nasabah selaku pengelola dana (mudharib), menjalankan usaha dengan penentuan awal keuntungan dan kerugian (nisbah).

Pembiayaan syariah disajikan sebesar Sharia financing is stated at their jumlah pembiayaan dikurangi dengan outstanding balance less their allowance for cadangan kerugian penurunan nilai dengan impairment losses which have been jumlah minimum berdasarkan PBI determined using BI criteria in accordance No. 7/2/PBI/2005 tanggal 20 Januari 2005 with BI regulation No. 7/2/PBI/2005 dated tentang “Penilaian Kualitas Aktiva January 20, 2005 on “Asset Quality Ratings Bank Umum” yang diubah dengan for Commercial Banks” which was amended peraturan BI No. 8/2/PBI/2006 tanggal by BI regulation No. 8/2/PBI/2006 dated 30 Januari 2006 dan peraturan BI January 30, 2006 and BI regulation No. 9/2/PBI/2007 tanggal 30 Maret 2007 No. 9/2/PBI/2007 dated March 30, 2007 and serta peraturan BI No. 11/2/PBI/2009 BI regulation No. 11/2/PBI/2009 dated tanggal 29 Januari 2009 terakhir melalui January 29, 2009 and latest amanded by BI peraturan BI No. 14/15/PBI/2012 tanggal regulation No. 14/15/PBI/2012 dated 24 Oktober 2012. October 24, 2012.

Restrukturisasi kredit meliputi modifikasi Loan restructuring may involve a persyaratan kredit, konversi kredit menjadi modification of the terms of the loans, saham atau instrumen keuangan lainnya conversion of loans into equity or other dan/atau kombinasi dari keduanya. financial instruments and/or a combination of both.

- 33 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Dalam restrukturisasi kredit yang In restructuring credit that converted credit mengkonversi kredit menjadi saham, become shares, The Company obtain Perusahaan memperoleh penyertaan participation of temporary investment. In modal sementara. Dengan mengacu accordance with Bank Indonesia Regulation pada Peraturan Bank Indonesia (PBI) (PBI) No. 15/11/PBI/2013 on the No. 15/11/PBI/2013 tentang Prinsip Kehati- Precautionary Principle Capital Investment hatian dalam Kegiatan Penyertaan Modal, Activity, realse or divestment to participation pelepasan atau divestasi atas penyertaan of temporary investment mandatory if the modal sementara wajib dilakukan apabila participation of temporary investment has penyertaan modal sementara telah exceeded the maximum period of 5 (five) melebihi jangka waktu paling lama 5 (lima) years or the Companies where investment tahun atau perusahaan tempat penyertaan of temporary investment have obtained a modal sementara telah memperoleh laba cumulative profit. kumulatif.

Kredit yang direstrukturisasi disajikan Restructured loans are stated at the lower of sebesar nilai yang lebih rendah antara nilai carrying value of the loan at the time of tercatat kredit pada tanggal restrukturisasi restructuring or net present value of the total atau nilai tunai penerimaan kas masa future cash receipts after restructuring. depan setelah restrukturisasi. Kerugian Losses arising from any excess of the akibat selisih antara nilai tercatat kredit carrying value of the loan at the time of pada tanggal restrukturisasi dengan nilai restructuring over the net present value of tunai penerimaan kas masa depan setelah the total future cash receipts after restrukturisasi diakui sebagai laba/rugi. restructuring are recognised as profit/loss. Setelah restrukturisasi, semua penerimaan Thereafter, all cash receipts under the new kas masa depan yang ditetapkan dalam terms shall be accounted for as the recovery persyaratan baru dicatat sebagai of principal and interest revenue, in pengembalian pokok kredit yang diberikan accordance with the restructuring scheme. dan pendapatan bunga sesuai dengan syarat-syarat restrukturisasi.

k. Tagihan dan Liabilitas Akseptasi k. Acceptance Receivables and Payables

Tagihan akseptasi diklasifikasikan sebagai Acceptance receivables are classified as pinjaman yang diberikan dan piutang. Lihat loans and receivables. Refer to Note 2e for Catatan 2e untuk kebijakan akuntansi atas the accounting policy of loans and pinjaman yang diberikan dan piutang. receivables.

Liabilitas akseptasi diklasifikasikan sebagai Acceptance payables are classified as liabilitas keuangan yang diukur dengan financial liabilities at amortised cost. Refer to biaya perolehan diamortisasi. Lihat Note 2e for the accounting policy for Catatan 2e untuk kebijakan akuntansi atas financial liabilities are measured at liabilitas keuangan yang diukur dengan amortised cost. biaya perolehan diamortisasi.

l. Efek yang Dibeli dengan Janji Jual l. Securities Purchased Under Agreemnets Kembali to Resell

Efek yang dibeli dengan janji dijual kembali Securities purchased under resale (reverse repo) disajikan sebagai tagihan agreements (reverse repo) are presented as sebesar harga jual kembali yang disepakati receivables at the agreed resale price net of dikurangi dengan selisih antara harga beli the difference between the purchase price dan harga jual kembali yang disepakati and agreed resale price (unearned interest (pendapatan bunga yang ditangguhkan) income) and allowance for impairment dan cadangan kerugian penurunan nilai. losses. The difference between the Selisih antara harga beli dan harga jual purchase price and the agreed resale price kembali yang disepakati tersebut are amortised using effective interest rate as diamortisasi dengan menggunakan suku interest income over the period, bunga efektif sebagai pendapatan bunga commencing from the acquisition date to the selama jangka waktu sejak efek itu dibeli resale date. hingga saat dijual kembali.

- 34 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Efek yang dibeli dengan janji jual kembali Securities purchased under resale diklasifikasikan sebagai aset keuangan agreement are classified as financial assets dalam kelompok pinjaman yang diberikan in loans and receivable. Refer to Note 2e for dan piutang. Lihat Catatan 2e untuk accounting policy of financial assets in loans kebijakan akuntansi aset keuangan dalam and receivable. kelompok pinjaman diberikan dan piutang.

m. Kontrak Jaminan Keuangan m. Financial Guarantee Contracts

Kontrak jaminan keuangan adalah kontrak Financial guarantee contracts are contracts yang mengharuskan penerbit untuk that require the issuer to make specified melakukan pembayaran kepada pemegang payments to reimburse the holder for a loss kontrak atas kerugian yang terjadi karena incurred because a specified debtor debitur tertentu gagal untuk melakukan defaulted to make payments when due, in pembayaran pada saat jatuh tempo, sesuai accordance with the terms of a debt dengan ketentuan dari instrumen utang. instrument. Such financial guarantees are Jaminan keuangan tersebut diberikan given to bank, financial institutions and other kepada bank, lembaga keuangan dan institutions on behalf of customers to secure badan-badan lainnya atas nama debitur loans and other banking facilities. untuk menjamin kredit dan fasilitas-fasilitas perbankan lainnya.

Pengakuan awal jaminan keuangan dalam Financial guarantees are initially recognized laporan keuangan adalah sebesar nilai in the financial statements at fair value on wajar pada saat jaminan diberikan. Nilai the date the guarantee was given. The fair wajar jaminan keuangan pada saat value of a financial guarantee at inception is berlakunya transaksi pada umumnya sama likely to equal the premium received dengan premi yang diterima karena because all guarantees are agreed on arm’s diberikan dengan syarat dan kondisi normal length terms and the initial fair value is dan nilai wajar awal diamortisasi sepanjang amortised over the life of the financial umur jaminan keuangan. guarantees.

Setelah pengakuan awal kontrak, jaminan Subsequently, they are measured at the keuangan dicatat pada nilai yang lebih higher of amortised amount and the present tinggi antara biaya perolehan diamortisasi value of any expected payment (when dengan nilai kini pembayaran yang a payment under the guarantee has become diharapkan akan terjadi (ketika probable) and the difference is charged to pembayaran atas jaminan menjadi besar other operating expense in the statement of kemungkinan terjadinya), dan selisihnya comprehensive income. dibebankan sebagai beban operasional lainnya pada laporan laba rugi komprehensif.

n. Aset Tetap n. Premises and Equipment

Perusahaan menerapkan PSAK No. 16 The Company adopted PSAK No. 16 tentang Aset Tetap. Perusahaan memilih on Premises and Equipment. The Company untuk menggunakan model biaya untuk chooses the cost model for the pengukuran aset tetap. measurement of these assets.

Aset tetap, kecuali tanah, dinyatakan Premises and equipment, except for land, berdasarkan biaya perolehan, dikurangi are carried at cost, less accumulated akumulasi penyusutan dan akumulasi rugi depreciation and any impairment in value. penurunan nilai, jika ada. Tanah tidak Land is not depreciated and is stated at cost disusutkan dan dinyatakan berdasarkan less any impairment in value. biaya perolehan dikurangi akumulasi rugi penurunan nilai, jika ada.

- 35 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Biaya perolehan awal aset tetap meliputi The initial cost of premises and equipment harga perolehan, termasuk bea impor consists of its purchase price, including dan pajak pembelian yang tidak boleh non-refundable import duties and taxes and dikreditkan dan biaya-biaya yang dapat any directly attributable costs in bringing the diatribusikan secara langsung untuk premises and equipment to its working membawa aset ke lokasi dan kondisi condition and location for its intended use. yang diinginkan sesuai dengan tujuan penggunaan yang ditetapkan.

Biaya pengurusan legal hak atas tanah Initial legal costs incurred to obtain legal ketika tanah diperoleh pertama kali diakui rights are recognized as part of the sebagai bagian dari biaya perolehan tanah, acquisition cost of the land, and these costs dan biaya ini tidak disusutkan. Biaya are not depreciated. Costs related to pengurusan perpanjangan atau pembaruan renewal of land rights are recognized as legal hak atas tanah diakui sebagai aset intangible assets and amortized during the takberwujud dan diamortisasi sepanjang period of the land rights. umur hukum hak atas tanah.

Beban-beban yang timbul setelah aset Expenditures incurred after the premises tetap digunakan, seperti beban perbaikan and equipment have been put into dan pemeliharaan, dibebankan ke laporan operations, such as repairs and laba rugi komprehensif pada saat maintenance costs, are normally charged to terjadinya. Apabila beban-beban tersebut operations in the year such costs are menimbulkan peningkatan manfaat incurred. In situations where it can be clearly ekonomis di masa datang dari penggunaan demonstrated that the expenditures have aset tetap tersebut yang dapat melebihi resulted in an increase in the future kinerja normalnya, maka beban-beban economic benefits expected to be obtained tersebut dikapitalisasi sebagai tambahan from the use of the premises and equipment biaya perolehan aset tetap. beyond its originally assessed standard of performance, the expenditures are capitalized as additional costs of premises and equipment.

Penyusutan dihitung berdasarkan metode Depreciation is computed on a straight-line garis lurus (straight-line method) selama basis over the premises and equipment’s masa manfaat aset tetap sebagai berikut: useful lives, as follows:

Tahun/Years

Bangunan 20 Buildings Inventaris kantor 10 Office equipment Kendaraan bermotor 4 Vehicles

Nilai tercatat aset tetap ditelaah kembali The carrying values of premises and dan dilakukan penurunan nilai apabila equipment are reviewed for impairment terdapat peristiwa atau perubahan when events or changes in circumstances kondisi tertentu yang mengindikasikan nilai indicate that the carrying values may not be tercatat tersebut tidak dapat dipulihkan recoverable. sepenuhnya.

Dalam setiap inspeksi yang signifikan, When each major inspection is performed, biaya inspeksi diakui dalam jumlah tercatat its cost is recognized in the carrying amount aset tetap sebagai suatu penggantian of the item of premises and equipment as apabila memenuhi kriteria pengakuan. a replacement if the recognition criteria Biaya inspeksi signifikan yang dikapitalisasi are satisfied. Such major inspection is tersebut diamortisasi selama periode capitalized and amortized over the next sampai dengan saat inspeksi signifikan major inspection activity. berikutnya.

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Jumlah tercatat aset tetap dihentikan An item of premises and equipment is pengakuannya (derecognized) pada saat derecognized upon disposal or when no dilepaskan atau tidak ada manfaat future economic benefits are expected from ekonomis masa depan yang diharapkan its use or disposal. Any gains or loss arising dari penggunaan atau pelepasannya. from derecognition of premises and Laba atau rugi yang timbul dari equipment (calculated as the difference penghentian pengakuan aset tetap between the net disposal proceeds, if any, ditentukan sebesar perbedaan antara and the carrying amount of the item) is jumlah neto hasil pelepasan, jika ada, included in the statement of comprehensive dengan jumlah tercatat dari aset tetap income in the year the item is derecognized. tersebut, dan diakui dalam laporan laba rugi komprehensif pada tahun terjadinya penghentian pengakuan.

Nilai residu, umur manfaat, serta metode The asset’s residual values, useful lives and penyusutan ditelaah setiap akhir tahun dan depreciation method are reviewed and dilakukan penyesuaian apabila hasil telaah adjusted, if appropriate, at each financial berbeda dengan estimasi sebelumnya. year end.

o. Aset Ijarah o. Ijarah Assets

Aset ijarah diakui sebesar biaya perolehan Ijarah Assets are recognized at cost (refer to (mengacu pada PSAK No. 16: Aset Tetap PSAK No. 16: Fixed Assets and PSAK dan PSAK No. 19: Aset tidak berwujud). No. 19: Intangible Assets).

Aset ijarah, yakni kendaraan bermotor, Ijarah assets, such as motorcycle, mesin, alat berat dan piranti lunak, machinery, heavy equipment and software, disusutkan atau diamortisasi sesuai are depreciated or amortized over the lease dengan jangka waktu sewa atau umur term or the economic lives of assets, ekonomis aset, mana yang lebih pendek, whichever is shorter, where at the end of dimana pada akhir masa akad, aset the year, these assets are assigned to tersebut akan dihibahkan ke nasabah. customer.

Untuk akad ijarah muntahiyah bitamlik For the Ijarah muntahiyah bitamlik contracts (sewa pembiayaan), apabila pada saat (lease financing), if at the time of transfer of perpindahan kepemilikan aset ijarah dari ownership of the Asset from the owner to pemilik kepada penyewa dilakukan dengan the ijarah tenant by grant, then the carrying cara hibah, maka jumlah tercatat aset ijarah amount is recognized as an ijarah asset diakui sebagai beban. expense.

Pendapatan sewa selama masa akad Lease income during lease term is diakui pada saat manfaat atas aset telah recognized when the benefits of assets have diserahkan kepada penyewa. been handed over to the lessee.

Pendapatan ijarah disajikan secara neto Ijarah income is presented net of setelah dikurangi beban yang terkait related expenses such as, depreciation, yakni penyusutan dan pemeliharaan serta maintenance and repairs expenses. Ijarah perbaikan. Pendapatan ijarah neto net income is presented as part of "interest disajikan sebagai bagian dari “pendapatan revenues and profit sharing" in the bunga dan bagi hasil” dalam laporan laba statements of comprehensive income. rugi komprehensif.

p. Agunan yang Diambil Alih p. Foreclosed Properties

Agunan kredit yang diberikan, berupa Collaterals on loans in the form of land and tanah dan aset lainnya, yang telah diambil other assets foreclosed by the Company, alih oleh Perusahaan disajikan dalam are presented under “Other Assets” account. perkiraan “Aset lain-lain”.

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Agunan yang diambil alih dicatat pada nilai Foreclosed properties are stated at the yang lebih rendah antara nilai tercatat dan lower of carrying amount and fair value nilai wajar setelah dikurangi biaya untuk less costs to sell. The difference between menjual. Selisih antara nilai agunan yang between the value of the foreclosed diambil alih dengan sisa pokok pinjaman properties and the outstanding loan yang diberikan, jika ada, dibebankan ke principal, if any, is charged to the current laporan laba rugi komprehensif tahun year statement of comprehensive income. berjalan.

Selisih antara nilai agunan yang telah The difference between the carrying value of diambil alih dan hasil penjualannya diakui the foreclosed property and the proceeds sebagai keuntungan atau kerugian pada from its sale is recognized as a gain or loss saat penjualan agunan. in the period the property was sold.

Biaya-biaya yang berkaitan dengan The costs of maintenance and renovation of pemeliharaan dan perbaikan agunan yang foreclosed properties are charged to diambil alih dibebankan ke laporan laba statement of comprehensive income when rugi komprehensif pada saat terjadinya. incurred.

Bila terjadi penurunan nilai yang bersifat The carrying amount of the property is permanen, maka nilai tercatatnya dikurangi written-down to recognize a permanent untuk mengakui penurunan tersebut dan dimunition in value of the foreclosed kerugiannya dibebankan pada laporan laba property, which is charged to the current rugi komprehensif tahun berjalan. year statement of comprehensive income.

Manajemen melakukan evaluasi secara Management evaluates periodically the berkala atas nilai agunan yang diambil alih. value of foreclosed assets. If there are Bila terjadi penurunan nilai yang bersifat permanent impairment, the carrying amount permanen, maka nilai tercatatnya dikurangi is reduced to recognize the decline and untuk mengakui penurunan tersebut dan losses charged to the statement of kerugiannya dibebankan pada laporan laba comprehensive income for the year. rugi komprehensif tahun berjalan.

q. Transaksi Sewa q. Lease Transactions

Penentuan apakah suatu kontrak The determination of whether an merupakan, atau mengandung unsur sewa arrangement is, or contains a lease is based adalah berdasarkan substansi kontrak on the substance of the arrangement at pada tanggal awal sewa, yakni apakah inception date of whether the fulfillment of pemenuhan syarat kontrak tergantung the arrangement is dependent on the use of pada penggunaan aset tertentu dan a specific asset or assets and the kontrak tersebut berisi hak untuk arrangement conveys a right to use the menggunakan aset tersebut. asset.

Evaluasi ulang atas perjanjian sewa A reassessment is made after inception of dilakukan setelah tanggal awal sewa hanya the lease only if one of the following applies: jika salah satu kondisi berikut terpenuhi:

1. Terdapat perubahan dalam 1. There is a change in contractual terms, persyaratan perjanjian kontraktual, other than a renewal or extension of kecuali jika perubahan tersebut hanya the agreement; memperbaharui atau memperpanjang perjanjian yang ada;

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2. Opsi pembaruan dilakukan atau 2. A renewal option is exercised or perpanjangan disetujui oleh pihak- extension granted, unless the term of pihak yang terkait dalam perjanjian, the renewal or extension was initially kecuali ketentuan pembaruan atau included in the lease term; perpanjangan pada awalnya telah termasuk dalam masa sewa;

3. Terdapat perubahan dalam penentuan 3. There is a change in the determination apakah pemenuhan perjanjian of whether the fulfillment is dependent tergantung pada suatu aset tertentu; on a specified asset; or atau

4. Terdapat perubahan subtansial atas 4. There are a substantial change to the aset yang disewa. asset.

Apabila evaluasi ulang telah dilakukan, Where a reassessment is made, lease maka akuntansi sewa harus diterapkan accounting shall commence or cease from atau dihentikan penerapannya pada the date when the change in circumstances tanggal dimana terjadi perubahan kondisi gave rise to the reassessment for scenarios pada skenario 1, 3 atau 4 dan pada tanggal 1, 3 or 4 and the date of renewal or pembaharuan atau perpanjangan sewa extension period for scenario 2. pada skenario 2.

Sewa Operasi – sebagai Lessor Operating Lease – As a Lessor

Sewa dimana Perusahaan tetap Leases where the Company retains mempertahankan secara substansial substantially all the risks and benefits of seluruh risiko dan manfaat yang ownership of the asset are classified as terkait dengan kepemilikan suatu operating leases. Initial direct costs incurred aset diklasifikasikan sebagai sewa operasi. in negotiating an operating lease are added Biaya langsung awal yang dapat to the carrying amount of the leased asset diatribusikan secara langsung dengan and recognized over the lease term on the negosiasi dan pengaturan sewa operasi same bases as rental income. ditambahkan ke nilai tercatat aset sewaan dan diakui ke laporan laba rugi komprehensif tahun berjalan selama masa sewa sesuai dengan dasar pengakuan pendapatan sewa.

Sewa Operasi – sebagai Lessee Operating Lease – As a Lessee

Pembayaran sewa dalam sewa operasi Operating lease payments are recognized diakui sebagai beban dalam laporan laba as an expense in the statement of rugi komprehensif dengan dasar garis lurus comprehensive income on a straight-line (straight-line) selama masa sewa. basis over the lease term.

r. Biaya Dibayar Dimuka r. Prepaid Expenses

Biaya dibayar dimuka diamortisasi selama Prepaid expenses are amortized over their masa manfaat masing-masing biaya beneficial periods using the straight-line dengan menggunakan metode garis lurus. method.

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s. Penurunan Nilai Aset Non-Keuangan s. Impairment of Non-Financial Assets

Pada setiap akhir periode pelaporan The Company assesses at each annual tahunan, Perusahaan menelaah apakah reporting period whether there is an terdapat indikasi suatu aset mengalami indication that an asset may be impaired. penurunan nilai. Jika terdapat indikasi If any such indication exists, or when annual tersebut atau pada saat uji tahunan impairment testing for an asset is required, penurunan nilai aset perlu dilakukan, maka the Company makes an estimate of the Perusahaan membuat estimasi jumlah asset’s recoverable amount. terpulihkan aset tersebut.

Jumlah terpulihkan yang ditentukan untuk An asset’s recoverable amount is the higher aset individual adalah jumlah yang lebih of an asset’s or Cash Generating Units tinggi antara nilai wajar aset atau Unit (CGU) fair value less costs to sell and its Penghasil Kas (UPK) dikurangi biaya untuk value in use, and is determined for an menjual dengan nilai pakainya, kecuali aset individual asset, unless the asset does not tersebut tidak menghasilkan arus kas generate cash inflows that are largely masuk yang secara signifikan independen independent of those from other assets or dari aset atau kelompok aset lain. Jika groups of assets. Where the carrying nilai tercatat aset lebih besar daripada amount of an asset exceeds its recoverable nilai terpulihkannya, maka aset tersebut amount, the asset is considered impaired dinyatakan mengalami penurunan nilai dan and is written down to its recoverable nilai tercatat aset diturunkan nilai menjadi amount. Impairment losses are recognized sebesar nilai terpulihkannya. Rugi in the statements of comprehensive income penurunan nilai dari operasi yang as “impairment losses”. In assessing the berkelanjutan diakui pada laporan laba rugi value in use, the estimated net future cash komprehensif sebagai “Rugi penurunan flows are discounted to their present value nilai”. Dalam menghitung nilai pakai, using a pre-tax discount rate that reflects estimasi arus kas masa depan bersih current market assessments of the time didiskontokan ke nilai kini dengan value of money and the risks specific to the menggunakan tingkat diskonto sebelum asset. In determining fair value less costs to pajak yang mencerminkan penilaian pasar sell, recent market transactions are taken kini dari nilai waktu uang dan risiko spesifik into account, if available. atas aset. Dalam menghitung nilai wajar dikurangi biaya untuk menjual, transaksi pasar kini juga diperhitungkan, jika tersedia.

Jika transaksi pasar kini tidak tersedia, If no such transactions can be identified, an Perusahaan menggunakan model penilaian appropriate valuation model is used to yang sesuai untuk menentukan nilai wajar determine the fair value of the assets. These aset. Perhitungan-perhitungan ini harus calculations are corroborated by valuation didukung oleh metode penilaian tertentu multiples or other available fair value (valuation multiples) atau indikator nilai indicators. wajar lain yang tersedia.

Kerugian penurunan nilai, jika ada, diakui Impairment losses, if any, are recognized in pada laporan laba rugi komprehensif the statements of comprehensive income sesuai dengan kategori biaya yang under expense categories that are konsisten dengan fungsi dari aset yang consistent with the functions of the impaired diturunkan nilainya. assets.

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Penelaahan dilakukan pada akhir setiap An assessment is made at each annual periode pelaporan tahunan untuk reporting period as to whether there is any mengetahui apakah terdapat indikasi indication that previously recognized bahwa rugi penurunan nilai aset yang telah impairment losses recognized for an asset diakui dalam periode sebelumnya mungkin may not longer exist or may have tidak ada lagi atau mungkin telah menurun. decreased. If such indication exists, the Jika indikasi dimaksud ditemukan, recoverable amount is estimated. maka Perusahaan mengestimasi jumlah A previously recognized impairment loss for terpulihkan aset tersebut. Kerugian an asset is reversed only if there has been a penurunan nilai yang diakui dalam periode change in the assumptions used to sebelumnya dipulihkan hanya jika terdapat determine the asset’s recoverable amount perubahan asumsi-asumsi yang digunakan since the last impairment loss was untuk menentukan jumlah terpulihkan aset recognized. If that is the case, the carrying tersebut sejak rugi penurunan nilai terakhir amount of the asset is increased to its diakui. Dalam hal ini, jumlah tercatat aset recoverable amount. The reversal is limited dinaikkan ke jumlah terpulihkannya. so that the carrying amount of the assets Pemulihan tersebut dibatasi sehingga nilai does not exceed its recoverable amount nor tercatat aset tidak melebihi jumlah exceed the carrying amount that would have terpulihkannya maupun nilai tercatat, neto been determined, net of depreciation, had setelah penyusutan, seandainya tidak ada no impairment loss been recognized for the rugi penurunan nilai yang telah diakui untuk asset in prior years. Reversal of an aset tersebut pada tahun-tahun impairment loss is recognized in the sebelumnya. Pemulihan rugi penurunan statements of comprehensive income. After nilai diakui dalam laporan laba rugi such a reversal, the depreciation charge on komprehensif. Setelah pemulihan tersebut, the said asset is adjusted in future periods to penyusutan aset tersebut disesuaikan di allocate the asset’s revised carrying periode mendatang untuk mengalokasikan amount, less any residual value, on nilai tercatat aset yang direvisi, dikurangi a systematic basis over its remaining useful nilai sisanya, dengan dasar yang sistematis life. selama sisa umur manfaatnya.

t. Liabilitas Segera t. Liability Immediately Payable

Liabilitas segera adalah liabilitas Obligation due immediately represents the Perusahaan kepada pihak lain yang Company’s liabilities to other parties that sifatnya wajib segera dibayarkan sesuai immediately payable in accordance with perjanjian yang ditetapkan sebelumnya. terms of the relevant agreements.

Liabilitas segera disajikan sebesar biaya Obligations due immediately are stated at perolehan yang diamortisasi. Lihat the amortised cost. Refer to Note 2e for the Catatan 2e untuk kebijakan akuntansi atas accounting policy for financial liabilities liabilitas keuangan yang diukur pada biaya measured at amortised cost. perolehan diamortisasi.

u. Simpanan dan Simpanan dari Bank Lain u. Deposits and Deposits from Other Banks

Simpanan dan simpanan dari bank lain Deposits and deposits from other banks are diklasifikasikan sebagai liabilitas keuangan classified as financial liabilities measured at yang diukur pada biaya perolehan amortized cost using the effective interest diamortisasi menggunakan metode suku method. Incremental costs directly bunga efektif. Biaya tambahan yang dapat attributable to the acquisition of deposits and diatribusikan secara langsung dengan deposits from other banks deducted from perolehan simpanan dan simpanan dari the amount of deposits. Refer to Note 2e for bank lain dikurangkan dari jumlah the accounting policy for financial liabilities simpanan yang diterima. Lihat Catatan 2e measured at amortised cost. untuk kebijakan akuntansi atas liabilitas keuangan yang diukur pada biaya perolehan diamortisasi.

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Simpanan merupakan liabilitas kepada Deposits are liabilities to customers in the nasabah dalam bentuk giro, tabungan dan form of demand deposits, savings deposits deposito berjangka. and time deposits.

Giro merupakan simpanan nasabah yang Demand deposits represent deposits of dapat digunakan sebagai alat pembayaran, customers which may be used as yang penarikannya dapat dilakukan setiap instruments of payment, and which may be saat melalui cek atau dengan cara withdrawn at any time by checks, or other pemindahbukuan dengan bilyet giro atau orders of payment or transfers. sarana perintah pembayaran lainnya.

Tabungan merupakan simpanan nasabah Savings deposits represent deposits of yang penarikannya hanya dapat dilakukan customers which may only be withdrawn sesuai dengan syarat tertentu yang when certain agreed conditions at the disepakati pada saat pembukaan account opening are met. They may not be rekening tabungan. Penarikan atas withdrawn by checks or other equivalent tabungan tidak dapat dilakukan dengan instruments, except by using specific menggunakan cek atau instrumen sejenis, withdrawal slip which can only be validated tetapi menggunakan formulir penarikan at the depository bank and/or by using tersendiri yang hanya berlaku di bank yang Automatic Teller Machine (ATM) card. bersangkutan dan/atau menggunakan kartu Anjungan Tunai Mandiri (ATM).

Deposito berjangka merupakan simpanan Time deposits represent deposits of nasabah yang penarikannya hanya customers which may only be withdrawn dapat dilakukan pada saat jatuh tempo after a certain period of time in accordance sesuai dengan jangka waktu yang with the agreement with the customers at disepakati dengan nasabah pada saat the time of placement, or the customers will penempatannya, dimana nasabah akan be fined or penalized if withdrawals are dikenakan penalti apabila melakukan made before maturity. penarikan sebelum tanggal jatuh temponya.

Simpanan termasuk simpanan syariah dan Deposits include syariah deposits and investasi tidak terikat yang terdiri dari: unrestricted investments consisting of:

 Tabungan Wadiah merupakan titipan  Wadiah Saving is entrusted funds in the dana dalam bentuk tabungan form of savings where income fund dimana pemilik dana mendapatkan owners get a bonus. pendapatan bonus.

 Investasi tidak terikat dalam bentuk giro,  Unrestricted investments in current tabungan dan deposito berjangka accounts, savings and time deposits mudharabah merupakan simpanan represent deposits of customers' funds dana pelanggan yang memberikan that provide benefits for the owner of pemilik dana imbalan bagi hasil funds from Islamic unit revenue for the dari pendapatan unit syariah atas use of these funds in accordance with penggunaan dana tersebut sesuai the ratio determined and approved dengan nisbah yang ditetapkan dan previously. disetujui sebelumnya.

Simpanan dari bank lain merupakan Deposits from other banks are liabilities to liabilitas kepada bank lain dalam bentuk other banks in the form of demand deposits, giro, call money kurang dari atau 90 hari, call money less than or 90 days and time dan deposito berjangka dengan periode deposits with original maturities of each jatuh tempo menurut perjanjian masing- agreement. masing.

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v. Surat Berharga yang Diterbitkan v. Securities Issued

Surat berharga yang diterbitkan adalah Securities issued are securities issued in the surat berharga dalam bentuk cek form of traveler's checks (travelers' perjalanan (travellers’ cheques). cheques).

Surat berharga yang diterbitkan disajikan Securities issued are stated at amortised sebesar biaya perolehan yang diamortisasi. cost. Refer to Note 2e for the accounting Lihat Catatan 2e untuk kebijakan akuntansi policy for financial liabilities measured at atas liabilitas keuangan yang diukur pada amortised cost. biaya perolehan diamortisasi.

w. Biaya Emisi Saham w. Share Issuance Costs

Biaya emisi saham dikurangkan dari bagian Share issuance costs are deducted from the tambahan modal disetor yang timbul dari additional paid-in capital resulting from the penerbitan saham dan tidak diamortisasi. issuance of shares and are not amortized.

x. Pengakuan Pendapatan Bunga, Beban x. Recognition of Interest Revenues, Bunga, Pendapatan Syariah dan Bagi Interest Expenses, Sharia Revenues and Hasil Syariah Revenue Sharing Distribution

Pendapatan dan Beban Bunga Interest Revenues and Expenses

Pendapatan dan beban bunga untuk Interest income and expense for all financial semua instrumen keuangan diakui di dalam instruments are recognized in the statement laporan laba rugi komprehensif secara of comprehensive income on accrual basis akrual dengan menggunakan metode suku using the effective interest rate method. bunga efektif.

Biaya transaksi yang terjadi dan dapat Transaction costs that occur and are directly diatribusikan secara langsung terhadap attributable to the acquisition or issuance of perolehan atau penerbitan instrumen financial instruments not measured at fair keuangan yang tidak diukur pada nilai value through profit and loss are amortized wajar melalui laporan laba rugi diamortisasi over the life of financial instruments using sepanjang umur instrumen keuangan the effective interest rate method and menggunakan metode suku bunga recorded as part of interest income for efektif dan dicatat sebagai bagian dari financial assets directly attributable for pendapatan bunga untuk biaya transaksi transaction costs, and as part of interest terkait aset keuangan, dan sebagai bagian expense for transaction costs related to dari beban bunga untuk biaya transaksi financial liabilities. terkait liabilitas keuangan.

Jika penurunan nilai diakui untuk aset If impairment loss is recognized on keuangan atau kelompok aset keuangan a financial asset or group of similar financial serupa dalam kategori dimiliki hingga jatuh assets in the category classified as held to tempo, pinjaman yang diberikan dan maturity, loans and receivables, and piutang atau tersedia untuk dijual, maka available for sale, the interest income pendapatan bunga yang diperoleh setelah earned after the impairment loss was pengakuan penurunan nilai tersebut diakui recognized is based on the interest rate berdasarkan suku bunga yang digunakan used for discounting the future cash flows in untuk mendiskontokan arus kas masa calculating the impairment losses. depan pada saat perhitungan kerugian penurunan nilai.

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Pendapatan dan Beban/Bagi Hasil Syariah Revenue and Expense / Profit Sharing Sharia

Pendapatan syariah terdiri dari keuntungan Revenue consists of income from murabaha murabahah, pendapatan ijarah muntahiyah sharia, income from muntahiyah bittamlik bittamlik (sewa), dan bagi hasil pembiayaan ijarah (lease), and from the results of mudharabah. financing.

Keuntungan murabahah dan pendapatan Murabahah and revenue from ijarah ijarah muntahiyah bittamlik diakui selama muntahiyah bittamlik are recognized over periode akad berdasarkan konsep akrual. the contract period on an accrual basis. Pendapatan bagi hasil pembiayaan Revenues for the results of financing are mudharabah diakui pada saat diterima atau recognized when received or within the dalam periode terjadinya hak bagi hasil period of entitlement based on profit sharing sesuai porsi bagi hasil (nisbah) yang agreement. disepakati.

Beban berdasarkan prinsip syariah terdiri Expense based on sharia consists of profit dari beban bagi hasil mudharabah, beban sharing expense of mudharabah, wadiah bonus wadiah dan beban bagi hasil bonus expense and profit sharing expense Sertifikat Investasi Mudharabah Antar Bank of Sertifikat Investasi Mudharabah Antar Syariah. Bank Syariah.

y. Pengakuan Pendapatan dan Beban y. Recognition of Revenues and Expenses Provisi dan Komisi on Commissions and Fees

Provisi dan Komisi Terkait Instrumen Fees and Commissions Related to Financial Keuangan Instruments

Pendapatan dan beban provisi dan komisi Commission income and expense and fees yang terkait dengan perolehan instrumen associated with the acquisition of financial keuangan dalam kategori dimiliki hingga instruments categorized as held to maturity, jatuh tempo, pinjaman diberikan dan loans and receivables, and available for piutang, serta tersedia untuk dijual, atau sale, or related to a period of time that the terkait jangka waktu tertentu yang amount is significant, are recorded as part of jumlahnya signifikan, dicatat sebagai the fair value of financial assets or financial bagian dari nilai wajar aset atau liabilitas liabilities and amortized over the time period keuangan dan diamortisasi sesuai dengan using the effective interest rate. jangka waktunya dengan menggunakan suku bunga efektif.

Provisi dan Komisi Lainnya Fees and Commission

Provisi dan komisi lainnya yang tidak terkait Fees and commissions that are not related dengan kegiatan perolehan instrumen to the acquisition or issuance of financial keuangan dan jangka waktu tertentu yang instrument and have maturity terms in which jumlahnya signifikan, dan diamortisasi amounts are significant, are deferred and menggunakan metode garis lurus sesuai amortized using the straight-line method dengan jangka waktu transaksi yang over the term of the relevant transaction. bersangkutan. Sedangkan, pendapatan Meanwhile, provision fees income and dan beban provisi dan komisi lainnya yang expenses and commissions that are not tidak signifikan langsung diakui sebagai significant are recognized immediately as pendapatan atau beban pada saat income or expenses on the transaction date. terjadinya transaksi.

- 44 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Pendapatan provisi dan komisi lainnya, Revenues from commission and other fees meliputi pendapatan yang tidak terkait not related to credit, such as banca dengan kredit, seperti jasa banca assurance services, and revenues assurance, pendapatan terkait dengan associated with import and export bank ekspor impor dan bank garansi, dan guarantee, are recognized as revenue when pendapatan yang diakui pada saat jasa the services are rendered. diberikan.

z. Pendapatan dan Beban Operasional z. Other Operating Revenue and Expenses Lainnya

Pendapatan operasional lainnya diakui Other operating revenues are recognized pada saat terjadinya. when earned.

Beban operasional lainnya diakui pada saat Other operating expenses are recognized terjadinya dengan menggunakan metode when incurred using the accrual method. akrual.

aa. Pajak Penghasilan aa. Income Tax

Beban pajak kini ditentukan berdasarkan Current tax expense is determined based on laba kena pajak dalam tahun yang the taxable income for the year computed bersangkutan yang dihitung berdasarkan using prevailing tax rates. tarif pajak yang berlaku.

Aset dan liabilitas pajak tangguhan diakui Deferred tax assets and liabilities are atas konsekuensi pajak periode mendatang recognized for the future tax consequences yang timbul dari perbedaan jumlah tercatat attributable to the differences between the aset dan liabilitas menurut laporan financial statement carrying amounts of keuangan dengan dasar pengenaan pajak existing assets and liabilities and their aset dan liabilitas. Liabilitas pajak respective tax bases. Deferred tax liabilities tangguhan diakui untuk semua perbedaan are recognized for all taxable temporary temporer kena pajak dan aset pajak differences and deferred tax assets are tangguhan diakui untuk perbedaan recognized for deductible temporary temporer yang boleh dikurangkan serta rugi differences and carryforward tax benefit of fiskal yang belum dikompensasikan, unused fiscal losses to the extent that it is sepanjang besar kemungkinan dapat probable that taxable income will be dimanfaatkan untuk mengurangi laba kena available in future periods against which the pajak pada masa datang. deductible temporary differences and carryforward tax benefit of unused fiscal losses can be utilized.

Pajak tangguhan diukur dengan Deferred tax is calculated at the tax rates menggunakan tarif pajak yang berlaku atau that have been enacted or substantively secara substansial telah berlaku pada enacted at statement of financial position tanggal laporan posisi keuangan. Pajak date. Deferred tax is charged to or credited tangguhan dibebankan atau dikreditkan in the statements of income, except when dalam laporan laba rugi komprehensif, it relates to items charged to or credited kecuali pajak tangguhan yang dibebankan directly in equity, in which case the deferred atau dikreditkan langsung ke ekuitas. tax is also charged to or credited directly in equity.

Aset dan liabilitas pajak tangguhan Deferred tax assets and liabilities are offset disajikan di laporan posisi keuangan, in the statement of financial position, except kecuali aset dan liabilitas pajak tangguhan if these are for different legal entities, in the untuk entitas yang berbeda, atas dasar same manner the current tax assets and kompensasi sesuai dengan penyajian aset liabilities are presented. dan liabilitas pajak kini.

- 45 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Perubahan terhadap liabilitas pajak dicatat Amendments to tax obligations are recorded ketika surat tagihan pajak diterima atau, when an assessment is received or, jika Perusahaan mengajukan keberatan, if appealed against by the Company, when pada saat hasil banding telah ditetapkan. the result of the appeal is determined.

bb. Laba per Saham bb. Earnings per Share

Laba per saham dasar dihitung Basic earning per share is computed by berdasarkan laba bersih dibagi jumlah dividing net income with the weighted rata-rata tertimbang saham yang beredar average number of outstanding common pada tahun yang bersangkutan. shares in the current year.

Laba per saham dilusian dihitung dengan Diluted earnings per share is computed by membagi laba bersih dengan jumlah dividing net income by the weigthed average rata-rata tertimbang saham biasa yang number of shares outstanding during the beredar pada tahun yang bersangkutan year as adjusted for the effects of all dilutive yang telah disesuaikan dengan dampak potential common shares. dari semua efek berpotensi saham biasa dilutif.

cc. Imbalan Kerja cc. Employee Benefits

Liabilitas imbalan kerja jangka pendek Short-term employee benefits liability

Imbalan kerja jangka pendek merupakan Short-term employee benefits are in the upah, gaji, dan tunjangan lainnya. Imbalan form of wages, salaries, and social security kerja jangka pendek diakui sebesar jumlah (Jamsostek) contribution. Short-term yang tak-terdiskonto sebagai liabilitas pada employee benefits are recognized at its laporan posisi keuangan setelah dikurangi undiscounted amount as a liability after dengan jumlah yang telah dibayar dan deducting any amount already paid in sebagai beban pada laporan laba rugi the statements of financial position and komprehensif tahun berjalan. as an expense in the statements of comprehensive income.

Liabilitas imbalan kerja jangka panjang Long-term employee benefits liability

Liabilitas imbalan kerja jangka panjang Long-term employment benefits liability merupakan imbalan pasca-kerja manfaat repesents post-employment benefits, pasti yang dibentuk tanpa pendanaan unfunded defined-benefit plans which khusus dan didasarkan pada masa kerja amounts are determined based on years of dan jumlah penghasilan karyawan saat service and salaries of the employees at the pensiun. Metode penilaian aktuarial yang time of pension. The actuarial valuation digunakan untuk menentukan nilai kini method used to determine the present value liabilitas imbalan pasti, beban jasa kini of defined-benefit liability, related current yang terkait, dan beban jasa lalu adalah service costs, and past service costs is the metode Projected Unit Credit. Beban jasa Projected Unit Credit. Current service costs, kini, beban bunga, beban jasa lalu yang interest costs, vested past service costs, telah menjadi hak karyawan, dan dampak and effects of curtailments and settlements kurtailmen atau penyelesaian (jika ada) (if any) are charged directly to current diakui pada laporan laba rugi komprehensif operations. Past service costs which are not tahun berjalan. Beban jasa lalu yang belum yet vested and actuarial gains and losses menjadi hak karyawan dan keuntungan arising from experience adjustments and atau kerugian aktuarial yang timbul dari changes in actuarial assumptions in excess penyesuaian atau perubahan asumsi of the corridor or greater 10% of the present aktuarial yang melebihi batas koridor atau value of the defined benefit obligation are lebih besar daripada 10% dari nilai kini charged or credited to profit or loss over the imbalan pasti dibebankan atau dikreditkan employees expected average remaining ke komponen laba rugi selama jangka working lives, until the benefits become waktu rata-rata sisa masa kerja karyawan, vested. sampai imbalan tersebut menjadi hak karyawan (vested).

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dd. Informasi Segmen dd. Segment Information

Informasi segmen disusun sesuai dengan Segment information is prepared using the kebijakan akuntansi yang dianut dalam accounting policies adopted for preparing penyusunan dan penyajian laporan and presenting the financial statements. keuangan.

PSAK No. 5 (Revisi 2009) mensyaratkan PSAK No. 5 (Revised 2009) requires identifikasi segmen operasi berdasarkan operating segments to be identified on the laporan internal komponen-komponen basis of internal reports about components Perusahaan yang secara berkala of the Company that are regularly reviewed dilaporkan kepada pengambil keputusan by the chief operating decision maker in operasional dalam rangka alokasi sumber order to allocate resources to the segments daya ke dalam segmen dan penilaian and to assess their performances. kinerja Perusahaan.

Segmen operasi adalah suatu komponen An operating segment is a component of an dari entitas: entity:

1. Yang terlibat dalam aktivitas bisnis 1. That engages in business activities untuk memperoleh pendapatan dan which it may earn revenue and incur menimbulkan beban (termasuk expenses (including revenue and pendapatan dan beban terkait dengan expenses relating to the transaction transaksi dengan komponen lain dari with other components of the same entitas yang sama); entity);

2. Hasil operasinya dikaji ulang secara 2. Whose operating results are reviewed reguler oleh pengambil keputusan regularly by the entity’s chief operating operasional untuk membuat keputusan decision maker to make decision about tentang sumber daya yang resources to be allocated to the dialokasikan pada segmen tersebut segments and assess its performance; dan menilai kinerjanya; dan and

3. Tersedia informasi keuangan yang 3. For which discrete financial information dapat dipisahkan. is available.

Informasi yang dilaporkan kepada Information reported to the chief operating pengambil keputusan operasional untuk decision maker for the purpose of resources tujuan alokasi sumber daya dan penilaian allocation and assessment of its kinerjanya lebih difokuskan pada kategori performance is more specifically focused on masing-masing produk, yang mana serupa the category of each product, which is dengan segmen usaha yang dilaporkan similar to the business segment information pada periode-periode terdahulu. reported in the prior period.

ee. Provisi ee. Provisions

Provisi diakui jika Perusahaan mempunyai Provisions are recognized when the kewajiban kini (hukum maupun konstruktif) Company has present obligation (legal or sebagai akibat peristiwa masa lalu, yang constructive) as a result of a past event, it is memungkinkan Perusahaan harus probable that the Company will be required menyelesaikan kewajiban tersebut dan to settle the obligation, and a reliable estimasi yang andal mengenai jumlah estimate can be made of the amount of the kewajiban tersebut dapat dibuat. obligation.

Jumlah yang diakui sebagai provisi adalah The amount recognized as a provision is the hasil estimasi terbaik pengeluaran yang best estimate of the consideration required diperlukan untuk menyelesaikan kewajiban to settle the obligation at the reporting date, kini pada tanggal pelaporan, dengan taking into account the risks and mempertimbangkan risiko dan uncertainties surrounding the obligation. ketidakpastian terkait kewajiban tersebut. Where a provision is measured using the Ketika provisi diukur menggunakan cash flows estimated to settle the present estimasi arus kas untuk menyelesaikan obligation, its carrying amount is the present kewajiban kini, maka nilai tercatat provisi value of those cash flows. adalah nilai kini arus kas tersebut.

- 47 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Jika sebagian atau seluruh pengeluaran When some or all of the economic benefits untuk menyelesaikan provisi diganti oleh required to settle a provision are expected to pihak ketiga, maka penggantian itu diakui be recovered from a third party, the hanya pada saat timbul keyakinan bahwa receivable is recognized as an asset if it is penggantian pasti akan diterima dan jumlah virtually certain that reimbursement will be penggantian dapat diukur dengan andal. received and the amount of the receivable can be measured reliably.

3. Penggunaan Estimasi, Pertimbangan dan 3. Management Use of Estimates, Judgments Asumsi Manajemen and Assumptions

Dalam penerapan kebijakan akuntansi In the application of the Company’s accounting Perusahaan, seperti yang diungkapkan dalam policies, which are described in Note 2 to the Catatan 2 pada laporan keuangan, manajemen financial statements, management is required to harus membuat estimasi, pertimbangan, dan make estimates, judgments, and assumptions asumsi atas nilai tercatat aset dan liabilitas about the carrying amounts of assets and yang tidak tersedia oleh sumber-sumber lain. liabilities that are not readily apparent from other Estimasi dan asumsi tersebut, berdasarkan sources. The estimates and assumptions are pengalaman historis dan faktor lain yang based on historical experience and other factors dipertimbangkan relevan. that are considered to be relevant.

Manajemen berkeyakinan bahwa Management believes that the following pengungkapan berikut telah mencakup ikhtisar represent a summary of the significant estimates, estimasi, pertimbangan dan asumsi signifikan judgments and assumptions made that affected yang dibuat oleh manajemen, yang berdampak certain reported amounts of and disclosures in terhadap jumlah-jumlah yang dilaporkan serta the financial statements. pengungkapan dalam laporan keuangan.

Pertimbangan Judgments

Pertimbangan-pertimbangan berikut dibuat oleh The following judgments are made by manajemen dalam proses penerapan kebijakan management in the process of applying the akuntansi Perusahaan yang memiliki dampak Company’s accounting policies that have the yang paling signifikan terhadap jumlah-jumlah most significant effects on the amounts yang diakui dalam laporan keuangan: recognized in the financial statements:

a. Mata Uang Fungsional a. Functional Currencies

Dalam proses penerapan kebijakan In the process of applying the Group’s akuntansi Grup, manajemen telah according policies, management has made membuat pertimbangan untuk menentukan judgment on the determination of functional mata uang fungsional entitas anak luar currency of the foreign subsidiaries. negeri.

Mata uang fungsional Perusahaan dan The functional currency ot the Company and entitas anak adalah mata uang lingkungan its subsidiaries is the currency ot the ekonomi utama dimana masing-masing economic encironment in which each of entitas beroperasi. Mata uang tersebut them operates. It is the currency, among adalah yang paling mempengaruhi harga others, that mainly influenses sales prices jual barang dan jasa, dan mata uang dari for goods and services, and the country negara yang kekuatan persaingan dan whose competitive forces and regulations peraturannya sebagian besar menentukan mainly determine the sales price of its good harga jual barang dan jasa entitas, dan and services, and the currency in which fund merupakan mata uang yang mana dana from financing acitivities are generated. dari aktivitas pendanaan dihasilkan.

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b. Klasifikasi Aset Keuangan dan Liabilitas b. Classification of Financial Assets and Keuangan Financial Liabilities

Perusahaan menentukan klasifikasi aset The Company determines the classifications dan liabilitas tertentu sebagai aset of certain assets and liabilities as financial keuangan dan liabilitas keuangan dengan assets and financial liabilities by judging if menilai apakah aset dan liabilitas tersebut they meet the definition set forth in PSAK memenuhi definisi yang ditetapkan dalam No. 55. Accordingly, the financial assets and PSAK No. 55. Aset keuangan dan liabilitas financial liabilities are accounted for in keuangan dicatat sesuai dengan kebijakan accordance with the Company’s accounting akuntansi Perusahaan sebagaimana policies disclosed in Note 2. diungkapkan dalam Catatan 2.

c. Aset Keuangan yang Tidak Memiliki c. Financial Assets Not Quoted in Active Kuotasi Harga di Pasar yang Aktif Market

Perusahaan mengklasifikasikan aset The Company classifies financial assets by keuangan dengan mengevaluasi, antara evaluating, among others, whether the asset lain, apakah aset tersebut memiliki atau is quoted or not in an active market. tidak memiliki kuotasi harga di pasar yang Included in the evaluation on whether aktif. Evaluasi tersebut juga mencakup a financial asset is quoted in an active apakah kuotasi harga suatu aset keuangan market is the determination on whether di pasar yang aktif, merupakan kuotasi quoted prices are readily and regularly harga yang tersedia secara reguler, dan available, and whether those prices kuotasi harga tersebut mencerminkan represent actual and regularly occurring transaksi di pasar yang aktual dan terjadi market transactions on an arm’s length secara reguler dalam suatu transaksi wajar. basis.

d. Cadangan Kerugian Penurunan Nilai Aset d. Allowance for Impairment of Financial Keuangan Assets

Cadangan kerugian penurunan nilai Allowance for impairment losses is pinjaman yang diberikan dan piutang maintained at a level considered adequate dipelihara pada jumlah yang menurut to provide for potentially uncollectible manajemen adalah memadai untuk financial assets. The Company assesses menutup kemungkinan tidak tertagihnya specifically at each statement of financial aset keuangan. Pada setiap tanggal position date whether there is an objective laporan posisi keuangan, Perusahaan evidence that a financial asset is impaired secara spesifik menelaah apakah telah (uncollectible). terdapat bukti obyektif bahwa suatu aset keuangan telah mengalami penurunan nilai (tidak tertagih).

Cadangan yang dibentuk adalah The level of allowance is based on past berdasarkan pengalaman penagihan masa collection experience and other factors that lalu dan faktor-faktor lainnya yang mungkin may affect collectability such as the mempengaruhi kolektibilitas, antara lain probability of insolvency or significant kemungkinan kesulitan likuiditas atau financial difficulties of the debtors or kesulitan keuangan yang signifikan yang significant delay in payments. dialami oleh debitur atau penundaan pembayaran yang signifikan.

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Jika terdapat bukti obyektif penurunan nilai, If there is objective evidence of impairment, maka saat dan besaran jumlah yang timing and collectible amounts are estimated dapat ditagih diestimasi berdasarkan based on historical loss data. Allowance for pengalaman kerugian masa lalu. Cadangan decline in value is provided on accounts kerugian penurunan nilai dibentuk atas specifically identified as impaired. Written off akun-akun yang diidentifikasi secara loans and receivables are based on spesifik telah mengalami penurunan nilai. management’s decisions that the financial Akun pinjaman yang diberikan dan piutang assets are uncollectible or cannot be dihapusbukukan berdasarkan keputusan realized in whatsoever actions have been manajemen bahwa aset keuangan tersebut taken. Evaluation of receivables to tidak dapat ditagih atau direalisasi determine the total allowance to be provided meskipun segala cara dan tindakan telah is performed periodically during the year. dilaksanakan. Suatu evaluasi atas piutang, Therefore, the timing and amount of yang bertujuan untuk mengidentifikasi allowance for impairment losses recorded at jumlah cadangan yang harus dibentuk, each period might differ based on the dilakukan secara berkala sepanjang tahun. judgments and estimates that have been Oleh karena itu, saat dan besaran jumlah used. cadangan kerugian penurunan nilai yang tercatat pada setiap periode dapat berbeda tergantung pada pertimbangan dan estimasi yang digunakan.

Nilai tercatat aset keuangan dimiliki hingga The carrying value of the Company’s held jatuh tempo serta pinjaman diberikan dan to maturity and loans and receivables piutang Perusahaan (tidak termasuk akun financial assets (excluding Sharia accounts) Syariah) tanggal 31 Desember 2014 dan as of December 31, 2014 and 2013 are as 2013 diungkapkan sebagai berikut: follows:

Nilai Tercatat/Carrying value 2014 2013

Aset Keuangan Financial Assets Dimiliki hingga jatuh tempo Held-to-maturity Penempatan pada bank lain Placement with other bank dan Bank Indonesia 1.425.679 915.451 and Bank Indonesia Efek-efek 1.121.957 833.217 Securities Pinjaman diberikan dan piutang Loans and receivable Kas 370.991 375.908 Cash Giro pada Bank Indonesia 1.486.750 1.441.677 Demand deposits with Bank Indonesia Giro pada bank lain 379.910 247.772 Demand deposits with other banks Penempatan pada bank lain Placement with other bank dan Bank Indonesia 265.669 593.813 and Bank Indonesia Efek-efek 170.212 207.001 Securities Efek yang dibeli dengan janji Securities purchased under agreements dijual kembali - 139.212 to resell Kredit yang diberikan - bersih 12.519.290 9.924.090 Loans - net Tagihan akseptasi 67.836 238.324 Acceptance receivables Pendapatan bunga akrual 83.429 73.261 Interest receivable Aset lain-lain 40.417 65.007 Other assets

Jumlah 17.932.140 15.054.733 Total

e. Komitmen Sewa e. Lease Commitments

Komitmen sewa operasi – Perusahaan Operating lease commitments – the sebagai lessee Company as lessee

Perusahaan telah menandatangani The Company has entered into various sejumlah perjanjian sewa ruangan, lease agreements for commercial spaces, kendaraan dan mesin ATM. Perusahaan vehicles and ATM machines. The Company menentukan bahwa sewa tersebut adalah has determined that it is an operating lease sewa operasi karena Perusahaan tidak since the Company does not bear menanggung secara signifikan seluruh substantially all the significant risks and risiko dan manfaat dari kepemilikan aset- rewards of ownership of the related assets. aset tersebut.

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Komitmen sewa operasi – Perusahaan Operating lease commitments – the sebagai lessor Company as lessor

Perusahaan telah menandatangani The Company has entered into lease of sejumlah perjanjian sewa ruangan. commercial space agreements. The Perusahaan menentukan bahwa sewa Company has determined that these are tersebut adalah sewa operasi karena operating leases since the Company bears Perusahaan menanggung secara signifikan substantially all the significant risks and seluruh risiko dan manfaat dari kepemilikan rewards of ownership of the related assets. aset-aset tersebut.

f. Cadangan kerugian penurunan nilai f. Allowance for Impairment of AFS Equity investasi tersedia untuk dijual Investments

Perusahaan berpedoman pada PSAK The Company follows the guidance of No. 55 (Revisi 2011) untuk menentukan PSAK No. 55 (Revised 2011) to determine apakah terjadi penurunan nilai atas when an AFS equity investment is impaired. investasi tersedia untuk dijual. Penentuan This determination requires significant tersebut mensyaratkan pertimbangan yang judgment. In making this judgment, the signifikan. Dalam membuat pertimbangan Company evaluates, among other factors, tersebut, Perusahaan mengevaluasi, the duration and extent to which the fair antara lain, lamanya dan sejauh mana nilai value of an investment is less than its cost; wajar investasi tersebut berada di bawah and the financial health of and short-term biaya perolehannya; tingkat kesehatan business outlook for the investee, including keuangan serta gambaran bisnis jangka factors such as industry and sector pendek dari investee, termasuk faktor- performance, changes in technology and faktor seperti kinerja industri dan sektor operational and financing cash flow. industri, perubahan teknologi serta arus kas operasi serta pendanaan.

g. Pajak Penghasilan g. Income Taxes

Pertimbangan yang signifikan dibutuhkan Significant judgment is required in untuk menentukan jumlah pajak determining the provision for income taxes. penghasilan. Terdapat sejumlah transaksi There are many transactions and dan perhitungan yang menimbulkan calculations for which the ultimate tax ketidakpastian penentuan jumlah pajak determination is uncertain due to different penghasilan karena interpretasi atas interpretation of tax regulations. Where the peraturan pajak yang berbeda. Jika hasil final tax outcome of these matters is pemeriksaan pajak berbeda dengan jumlah different from the amounts that were initially yang sebelumnya telah dibukukan, maka recorded, such differences will have an selisih tersebut akan berdampak terhadap impact on the current and deferred income aset dan liabilitas pajak kini dan tangguhan tax assets and liabilities in the period in dalam periode dimana hasil pemeriksaan which such determination is made. tersebut terjadi.

Estimasi dan Asumsi Estimates and Assumptions

Asumsi utama mengenai masa depan dan The key assumptions concerning the future and sumber utama lain dalam mengestimasi other key sources of estimation uncertainty at the ketidakpastian pada tanggal pelaporan yang reporting date that have a significant risk of mempunyai risiko signifikan yang dapat causing a material adjustment to the carrying menyebabkan penyesuaian material terhadap amounts of assets and liabilities within the nilai tercatat aset dan liabilitas dalam periode next financial period are disclosed below. berikutnya diungkapkan di bawah ini. The Company based its assumptions and Perusahaan mendasarkan asumsi dan estimasi estimates on parameters available when pada parameter yang tersedia saat laporan the financial statements were prepared. Existing keuangan disusun. Kondisi yang ada dan circumstances and assumptions about future asumsi mengenai perkembangan masa depan developments may change due to market dapat berubah karena perubahan situasi pasar changes on circumstances arising beyond the yang berada di luar kendali Perusahaan. control of the Company. Such changes are Perubahan tersebut tercermin dalam asumsi reflected in the assumptions when they occur: ketika keadaan tersebut terjadi:

- 51 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

a. Nilai Wajar Aset Keuangan dan Liabilitas a. Fair Value of Financial Assets and Financial Keuangan Liabilities

Standar Akuntansi Keuangan di Indonesia Indonesian Financial Accounting Standards mensyaratkan pengukuran aset keuangan require measurement of certain financial dan liabilitas keuangan tertentu pada nilai assets and liabilities at fair values, and wajarnya, dan penyajian ini mengharuskan the disclosure requires the use of estimates. penggunaan estimasi. Komponen Significant component of fair value pengukuran nilai wajar yang signifikan measurement is determined based on ditentukan berdasarkan bukti-bukti obyektif verifiable objective evidence (i.e. foreign yang dapat diverifikasi (seperti nilai tukar, exchange rate, interest rate), while timing suku bunga), sedangkan saat dan besaran and amount of changes in fair value might perubahan nilai wajar dapat menjadi differ due to different valuation method used. berbeda karena penggunaan metode penilaian yang berbeda.

Nilai wajar aset keuangan dan liabilitas The fair value of financial assets and keuangan diungkapkan pada Catatan 36. financial liabilities are set out in Note 36.

b. Estimasi Masa Manfaat Aset Tetap b. Estimated Useful Lives of Premises and Equipment

Masa manfaat dari masing-masing aset The useful lives of each of the item of the tetap Perusahaan diestimasi berdasarkan Company’s premises and equipment are jangka waktu aset tersebut diharapkan estimated based on the period over which tersedia untuk digunakan. Estimasi tersebut the asset is expected to be available for use. didasarkan pada penilaian kolektif Such estimation is based on a collective berdasarkan bidang usaha yang sama, assessment of similar business, internal evaluasi teknis internal dan pengalaman technical evaluation and experience with dengan aset sejenis. Estimasi masa similar assets. The estimated useful life of manfaat setiap aset ditelaah secara berkala each asset is reviewed periodically and dan diperbarui jika estimasi berbeda dari updated if expectations differ from previous perkiraan sebelumnya yang disebabkan estimates due to physical wear and tear, karena pemakaian, usang secara teknis technical or commercial obsolescence, and atau komersial serta keterbatasan hak atau legal or other limits on the use of the asset. pembatasan lainnya terhadap penggunaan It is possible, however, that future results of aset. Dengan demikian, hasil operasi di operations could be materially affected by masa mendatang mungkin dapat changes in the amounts and timing of terpengaruh secara signifikan oleh recorded expenses brought about by perubahan dalam jumlah dan waktu changes in the factors mentioned above. terjadinya biaya karena perubahan yang A reduction in the estimated useful life of disebabkan oleh faktor-faktor yang any item of property and equipment would disebutkan di atas. Penurunan estimasi increase the recorded depreciation and masa manfaat ekonomis setiap aset tetap decrease the carrying values of these akan menyebabkan kenaikan beban assets. penyusutan dan penurunan nilai tercatat aset tetap.

Tidak terdapat perubahan dalam estimasi There is no change in the estimated useful masa manfaat aset tetap. Estimasi masa lives of premises and equipment. The manfaat aset tetap diungkapkan pada estimated useful lives of premises and Catatan 2. equipment are set out in Note 2.

Nilai tercatat aset tetap pada tanggal The carrying value of these assets as of 31 Desember 2014 dan 2013 diungkapkan December 31, 2014 and 2013 is disclosed in pada Catatan 14. Note 14.

- 52 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

c. Imbalan Pasca-Kerja c. Post-employment Benefits

Penentuan liabilitas dan imbalan pasca- The determination of the obligation and kerja dipengaruhi oleh asumsi tertentu post-employment benefits is dependent on yang digunakan oleh aktuaris dalam the selection of certain assumptions used menghitung jumlah tersebut. Asumsi- by actuary in calculating such amounts. asumsi tersebut dijelaskan dalam Those assumptions are described in Catatan 37 dan mencakup, antara lain, Note 37 and include, among others, tingkat diskonto dan tingkat kenaikan gaji. discount rate and rate of salary increase. Hasil aktual yang berbeda dengan asumsi Actual results that differ from the Company’s Perusahaan diakumulasi dan diamortisasi assumptions are accumulated and ke masa depan dan oleh karena itu, secara amortized over future periods and therefore, umum berdampak pada beban yang generally affect the recognized expense diakui dan liabilitas yang tercatat pada and recorded obligation in such future periode-periode mendatang. Manajemen periods. While it is believed that the berkeyakinan bahwa asumsi-asumsi yang Company’s assumptions are reasonable and digunakan adalah tepat dan wajar, namun appropriate, significant differences in actual demikian, perbedaan signifikan pada hasil experience or significant changes in aktual, atau perubahan signifikan dalam assumptions may materially affect the asumsi-asumsi tersebut dapat berdampak amount of long-term employee benefit signifikan pada jumlah liabilitas imbalan liability. kerja jangka panjang.

Nilai tercatat liabilitas imbalan kerja jangka The carrying value of long-term employee panjang diungkapkan pada Catatan 37. benefit liability is set out in Note 37.

d. Penurunan Nilai Aset Non-Keuangan d. Impairment of Non-financial Assets

Penelaahan atas penurunan nilai dilakukan Impairment review is performed when apabila terdapat indikasi penurunan nilai certain impairment indicators are present. aset tertentu. Penentuan nilai wajar aset Determining the fair value of assets requires membutuhkan estimasi arus kas yang the estimation of cash flows expected to be diharapkan akan dihasilkan dari pemakaian generated from the continued use and berkelanjutan dan pelepasan akhir atas ultimate disposition of such assets. Any aset tersebut. Perubahan signifikan dalam significant changes in the assumptions used asumsi-asumsi yang digunakan untuk in determining the fair value may materially menentukan nilai wajar dapat berdampak affect the assessment of recoverable values signifikan pada nilai terpulihkan dan jumlah and any resulting impairment loss could kerugian penurunan nilai yang terjadi have a material impact on results of mungkin berdampak material pada hasil operations. operasi Perusahaan.

Nilai tercatat aset non-keuangan berupa The carrying value of these assets in form of aset tetap dan aset lain-lain (agunan yang premises and equipment, and other assets diambil alih dan aset tetap yang tidak (foreclosed assets and abandoned digunakan) diungkapkan pada Catatan 14 properties) are set out in Notes 14 and 16. dan 16.

e. Aset Pajak Tangguhan e. Deferred Tax Assets

Aset pajak tangguhan diakui untuk semua Deferred tax assets are recognized for all perbedaan temporer antara nilai tercatat temporary differences between the financial aset dan liabilitas pada laporan keuangan statements’ carrying amounts of existing dengan dasar pengenaan pajak jika besar assets and liabilities and their respective kemungkinan bahwa jumlah laba fiskal taxes bases to the extent that it is probable akan memadai untuk pemanfaatan that taxable profit will be available against perbedaan temporer yang diakui. Estimasi which the temporary differences can be manajemen yang signifikan diperlukan utilized. Significant management estimates untuk menentukan jumlah aset pajak are required to determine the amount of tangguhan yang diakui berdasarkan deferred tax assets that can be recognized, kemungkinan waktu terealisasinya dan based upon the likely timing and the level of jumlah laba kena pajak pada masa future taxable profits together with future tax mendatang serta strategi perencanaan planning strategies. pajak masa depan.

- 53 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Aset pajak tangguhan diungkapkan pada Deferred tax assets are disclosed in Catatan 31. Note 31.

4. Giro pada Bank Indonesia 4. Demand Deposits with Bank Indonesia

2014 2013

Rupiah 1.174.543 1.043.323 Rupiah Mata uang asing (Catatan 35) 359.642 418.154 Foreign currency (Note 35)

Jumlah 1.534.185 1.461.477 Total

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, this account termasuk dalam giro pada Bank Indonesia includes current accounts based on the adalah giro yang didasarkan pada prinsip principles of Islamic banking amounting to perbankan syariah sebesar Rp 47.435 dan Rp 47,435 and Rp 19,800, respectively. Rp 19.800.

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, the Giro Wajib Minimum (GWM) Perusahaan dalam Company’s minimum liquidity reserves in Rupiah mata uang Rupiah untuk GWM Utama masing- for primary reserves amounted to masing adalah sebesar Rp 1.078.761 dan Rp 1,078,761 and Rp 793,580, respectively, and Rp 793.580 serta untuk GWM sekunder for secondary reserve amounted to masing-masing adalah sebesar Rp 517.237 Rp 517,237 and Rp 387,219, respectively, dan Rp 387.219, sedangkan untuk mata while the minimum liquidity reserves in foreign uang asing masing-masing adalah sebesar currencies amounted to Rp 358,449 and Rp 358.449 dan Rp 417.270. Rp 417,270, respectively.

Rasio GWM Perusahaan untuk mata uang The Company’s minimum liquidity reserves Rupiah dan mata uang asing pada tanggal ratio for foreign and Rupiah currencies as of 31 Desember 2014 dan 2013, adalah: December 31, 2014 and 2013 are as follows:

2014 2013 %% GWM yang telah dibentuk Company's liquidity reserve Rupiah Rupiah GWM Primer Primary reserve Konvensional 8,64 9,37 Conventional Syariah 5,08 5,08 Sharia GWM Sekunder Secondary reserve Konvensional 5,63 6,26 Conventional GWM LDR 0,64 1,37 LDR Reserve Mata uang asing Foreign currency Konvensional 8,02 8,01 Conventional Syariah 1,04 8,56 Sharia

- 54 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

5. Giro pada Bank Lain 5. Demand Deposits with Other Banks

2014 2013

Pihak ketiga Third Parties Rupiah Rupiah Standard Chartered Bank 97.133 723 Standard Chartered Bank PT Bank Central Asia Tbk 41.246 34.007 PT Bank Central Asia Tbk PT Bank Mandiri (Persero) Tbk - 4.118 PT Bank Mandiri (Persero) Tbk Lain-lain (di bawah Rp 1.000) 141 95 Others (under Rp 1,000) Jumlah 138.520 38.943 Total

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Bank of China, Australia 39.577 16.801 Bank of China, Australia PT Bank Central Asia Tbk 38.655 21.519 PT Bank Central Asia Tbk Deutsche Bank Trust Company Deutsche Bank Trust Company Americas, Amerika Serikat 26.858 21.556 Americas, United States of America PT Bank ICBC, Indonesia 20.007 - PT Bank ICBC, Indonesia United Overseas Bank, Singapura 15.035 26.302 United Overseas Bank, Singapore Bank of Amerika, Merrill Lynch, Bank of Amerika, Merrill Lynch, Amerika Serikat 15.009 13.172 United States of America PT Bank Mandiri (Persero) Tbk 14.077 37.825 PT Bank Mandiri (Persero) Tbk Bank of China, Indonesia 12.151 12.274 Bank of China, Indonesia Deutsche Bank AG, Jerman 10.647 17.787 Deutsche Bank AG, Germany Bank International Ningbo, China 8.973 6.198 Bank International Ningbo, China Wells Fargo Bank, N.A, Inggris 8.582 8.863 Wells Fargo Bank, N.A, England OCBC, Singapura 7.721 6.811 OCBC, Singapore Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Banking Corporation, Jepang 6.564 1.477 Japan Bank of China, China 6.367 6.411 Bank of China, China Wells Fargo Bank, N.A, Wells Fargo Bank, N.A, United States Amerika Serikat 3.242 2.816 of America United Overseas Bank, Amerika Serikat 2.796 2.748 United Overseas Bank, United States of America Standard Chartered Bank, Hong Kong 1.238 1.217 Standard Chartered Bank, Hong Kong Standard Chartered Bank, Standard Chartered Bank, United Amerika Serikat 1.112 1.820 States of America Barclays Bank PLC, Inggris 96 1.287 Barclays Bank PLC, England Lain-lain (di bawah Rp 1.000) 2.683 1.945 Others (under Rp 1,000) Jumlah mata uang asing 241.390 208.829 Total foreign currencies Jumlah 379.910 247.772 Total

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, all demand giro pada bank lain dikelompokkan sebagai deposits with other banks are classified as Lancar. Current.

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, there are no tidak terdapat saldo giro pada bank lain yang demand deposits with other banks which are diblokir. restricted or under lien.

Giro pada bank lain dalam Rupiah tidak Demand deposits with other banks in Rupiah do mendapatkan bunga, sedangkan giro pada not earn interest. The average interest rates per bank lain dalam mata uang asing, mempunyai annum of demand deposits with other banks in suku bunga rata-rata per tahun sebesar 0,33% foreign currencies are 0.33% and 0.50% in 2014 dan 0,50% masing-masing pada tahun 2014 and 2013, respectively. dan 2013.

Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impaired penurunan nilai atas giro pada bank lain demand deposits with other banks, therefore, no sehingga tidak diperlukan cadangan kerugian allowance for impairment losses is provided for. penurunan nilai.

- 55 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

6. Penempatan pada Bank Lain dan Bank 6. Placements with Other Banks and Bank Indonesia Indonesia

2014 Suku Bunga Pihak Rata-rata/ Ketiga/ Jangka Waktu/ Average Interest Third Jenis Penempatan Term Rate Parties Type of Placement % Rupiah Rupiah Penempatan pada Bank Indonesia Placements with Bank Indonesia Deposit facility 2 hari/days 5,75 1.384.779 Deposit facility Penempatan pada bank lain Placements with other banks Call money 31 hari/days 7,00 20.000 Call money Negotiable Certificate of Deposit 14 - 31 hari/days 9,00-9,50 42.900 Negotiable Certificate of Deposit Jumlah 1.447.679 Total

Mata uang asing (Catatan 35) Foreign currency (Note 35) Penempatan pada bank lain Placements with other banks Deposit on call 1-14 hari/days 0,03 1.818 Deposit on call Call money 1-34 hari/days 1,00 243.851 Call money Jumlah 245.669 Total

Jumlah 1.693.348 Total

2013 Suku Bunga Pihak Rata-rata/ Ketiga/ Jangka Waktu/ Average Interest Third Jenis Penempatan Term Rate Parties Type of Placement % Rupiah Rupiah Penempatan pada Bank Indonesia Placements with Bank Indonesia Deposit facility 2 hari/days 5,75 308.451 Deposit facility Penempatan pada bank lain Placements with other banks Deposito berjangka 14 - 31 hari/days 7,10 - 8,50 40.000 Time deposits Jumlah 348.451 Total

Mata uang asing (Catatan 35) Foreign currency (Note 35) Penempatan pada Bank Indonesia Placements with Bank Indonesia Term deposit 2 hari/days 0,09 608.500 Term deposit Penempatan pada bank lain Placements with other banks Deposito berjangka 31 - 32 hari/days 2,00 - 2,50 121.700 Time deposits Call money 1 - 32 hari/day 0,12 - 2,50 432.113 Call money Jumlah 1.162.313 Total

Jumlah 1.510.764 Total

Penempatan pada bank lain dalam bentuk call Placements with other banks in the form of call money, deposit on call dan deposito berjangka money, deposit on call and time deposits are dikategorikan sebagai pinjaman yang diberikan classified as loans and receivables, while dan piutang, sedangkan penempatan pada placements with other banks in the form of bank lain dalam bentuk negotiable certificate of negotiable certificate of deposits and placement deposits dan penempatan pada Bank Indonesia with Bank Indonesia in the form of deposit facility dalam bentuk deposit facility dan term deposit and term deposit are classified as held to dikategorikan sebagai investasi dimiliki hingga maturity. jatuh tempo.

- 56 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Penempatan pada bank lain dalam mata uang Details of placements with other banks in Rupiah Rupiah pada tanggal 31 Desember 2014 dan as of December 31, 2014 and 2013 are as 2013 merupakan penempatan pada: follows:

Nama Bank 2014 2013 Bank Name Call money Call money PT Bank Ekspor Indonesia 20.000 20.000 PT Bank Ekspor Indonesia Negotiable certificate of deposits Negotiable certificate of deposits PT Bank Tabungan Negara PT Bank Tabungan Negara (Persero) Tbk 24.079 - (Persero) Tbk PT Bank Commonwealth 18.821 - PT Bank Commonwealth Deposito berjangka Time deposits PT Bank Pundi Indonesia Tbk - 20.000 PT Bank Pundi Indonesia Tbk Jumlah 62.900 40.000 Total

Penempatan bank lain dalam mata uang asing Details of placements with other banks in foreign merupakan penempatan pada: currency are as follows:

Nama Bank 2014 2013 Bank Name US$ US$

Call Money Call money Standard Charterd Bank, Amerika Serikat 9.689.237 7.006.413 Standard Charterd Bank, United States of America Wells Fargo Bank, N.A., Amerika Serikat 7.000.000 24.500.000 Wells Fargo Bank, N.A., United States of America PT Bank Capital Indonesia Tbk 3.000.000 4.000.000 PT Bank Capital Indonesia Tbk

Jumlah 19.689.237 35.506.413 Total

Deposito on Call Deposito on Call UBS AG, Singapura 146.822 - UBS AG, Singapore

Jumlah 146.822 - Total

Deposito Berjangka Time Deposits PT Bank Muamalat Indonesia Tbk - 10.000.000 PT Bank Muamalat Indonesia Tbk Jumlah - 10.000.000 Total

Jumlah 19.836.059 45.506.413 Total

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, there was tidak terdapat saldo penempatan pada bank lain no placement with other banks and Bank dan Bank Indonesia yang dijaminkan. Indonesia pledge as collateral.

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, all penempatan pada bank lain dikelompokkan placements with other banks are classified as sebagai Lancar. Current.

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, all of seluruh penempatan pada bank lain adalah placement with other banks are placement in penempatan pada pihak ketiga. third parties.

Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impaired penurunan nilai atas penempatan pada bank placement with other banks, therefore, no lain sehingga tidak diperlukan cadangan allowance for impairment losses is provided for. kerugian penurunan nilai.

- 57 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

7. Efek-Efek 7. Securities

a. Jenis dan tujuan investasi efek-efek adalah a. The details of securities by type and sebagai berikut: purpose of investments are as follows:

2014 2013

Rupiah Rupiah Diukur pada nilai wajar melalui laporan laba rugi At fair value through profit and loss - trading Obligasi korporasi Corporate bonds Sukuk Ijarah PLN I 2013 10.483 11.000 Sukuk Ijarah PLN I 2013 Lembaga Pembiayaan Ekspor Indonesia Lembaga Pembiayaan Ekspor Indonesia 2013 Seri A - 20.000 2013 Seri A Sukuk Mudharabah Adira Finance Sukuk Mudharabah Adira Finance 2013 Seri C - 9.846 2013 Series C Nilai wajar 10.483 40.846 Fair value

Obligasi Pemerintah Government bonds SR005 - 34.752 SR005 SR004 - 5.730 SR004 PBS004 - 5.682 PBS004 Nilai wajar - 46.164 Fair value Jumlah diukur pada nilai wajar Total at fair value through melalui laporan laba rugi 10.483 87.010 profit and loss - trading

Tersedia untuk dijual Available for sale Obligasi korporasi Corporate bonds PT Pembangunan Perumahan I 2013 17.562 20.000 PT Pembangunan Perumahan I 2013 PT Surya Artha Nusantara Finance II PT Surya Artha Nusantara Finance II 2012 Seri C 10.001 10.182 2012 Seri C Bank Victoria IV 2013 10.000 10.000 Bank Victoria IV 2013 PT Japfa Comfeed Indonesia Tbk II 2012 9.980 10.200 PT Japfa Comfeed Indonesia Tbk II 2012 Astra Sedaya Finance III Astra Sedaya Finance III 2013 Seri B 7.814 8.000 2013 Series B Astra Sedaya Finance XII Astra Sedaya Finance XII 2011 Seri D 2.009 2.000 2011 Series D Lembaga Pembiayaan Ekspor Indonesia Lembaga Pembiayaan Ekspor Indonesia 2013 Seri A - 30.000 2013 Seri A Adira Dinamika Multi Finance I Adira Dinamika Multi Finance I 2011 Seri B - 15.150 2011 Series B Astra Sedaya Finance III Astra Sedaya Finance III 2013 Seri A - 8.936 2013 Series A PT Federal International Finance I 2012 PT Federal International Finance I 2012 Seri B - 8.002 Seri B Bank Internasional Indonesia I Tahun Seri A - 3.030 Bank Internasional Indonesia I Tahun Seri A Perum Pegadaian II 2012 Seri B - 1.002 Perum Pegadaian II 2012 Seri B PT Federal International Finance I 2012 PT Federal International Finance I 2012 Seri C - 952 Seri C Nilai wajar 57.366 127.454 Fair value

Obligasi Pemerintah Government Bonds ORI011 20.284 - ORI011 FR059 - 8.485 FR059 FR062 - 7.065 FR062 ORI009 - 485 ORI009 Nilai wajar 20.284 16.035 Fair value Jumlah tersedia untuk dijual 77.650 143.489 Total available for sale

- 58 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2014 2013

Rupiah Rupiah Dimiliki hingga jatuh tempo Held-to-maturity Sertifikat Bank Indonesia 200.000 131.667 Certificate of Bank Indonesia Sertifikat Deposito Bank Indonesia 175.000 100.000 Deposit Certificate of Bank Indonesia Bunga diterima dimuka yang Unamortized interest received belum diamortisasi (10.392) (6.179) in advance Nilai bersih 364.608 225.488 Net

Obligasi Pemerintah Government Bonds FR0028 79.425 79.232 FR0028 FR0038 51.282 51.565 FR0038 FR0069 49.726 - FR0069 FR0027 39.900 39.685 FR0027 FR0031 29.744 29.711 FR0031 FR0043 28.524 28.402 FR0043 FR0034 21.268 21.397 FR0034 IFR006 20.717 20.961 IFR006 FR0036 20.491 20.569 FR0036 ORI-10 20.347 20.538 ORI-10 SR006 20.292 - SR006 FR0070 19.219 - FR0070 FR0045 17.348 17.320 FR0045 PBS003 9.900 9.892 PBS003 SR004 9.853 9.676 SR004 FR0040 9.779 9.769 FR0040 SR005 9.772 - SR005 FR0071 9.612 - FR0071 FR0059 8.841 - FR0059 FR0062 7.219 - FR0062 PBS004 3.614 3.551 PBS004 FR0026 - 70.476 FR0026 FR0042 - 27.713 FR0042 Jumlah 486.873 460.457 Total

Obligasi korporasi Corporate bonds PT Sumber Alfaria Trijaya Tbk I 2014 30.000 - PT Sumber Alfaria Trijaya Tbk I 2014 MTN BFI Finance II 2014 30.000 - MTN BFI Finance II 2014 Ciputra Residence 2014 Seri A 20.000 - Ciputra Residence 2014 Seri A Obligasi I Pupuk Indonesia 2014 Seri A 20.000 - Obligasi I Pupuk Indonesia 2014 Seri A PT Indofood VII 2014 20.000 - PT Indofood VII 2014 PT Adira Finance 2014 Seri B 20.000 - PT Adira Finance 2014 Seri B PT Indosat I 2014 Seri A 20.000 - PT Indosat I 2014 Seri A PT Global Mediacom 19.999 - PT Global Mediacom PT Federal International Finance 2014 Seri A 10.000 - PT Federal International Finance 2014 Seri A PT Sarana Multi Infrastruktur (Persero) PT Sarana Multi Infrastruktur (Persero) Seri A 2014 8.000 - Seri A 2014 Bank ICBC Indonesia MTN Seri A 5.000 - Bank ICBC Indonesia MTN Seri A Sukuk Ijarah PLN V 2010 Seri A 2.004 2.012 Sukuk Ijarah PLN V 2010 Seri A Sukuk Ijarah Indosat IV 2009 Seri A - 2.000 Sukuk Ijarah Indosat IV 2009 Seri A Jumlah 205.003 4.012 Total

Jumlah dimiliki hingga jatuh tempo 1.056.484 689.957 Total held-to-maturity Jumlah Rupiah 1.144.617 920.456 Total Rupiah

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Dimiliki hingga jatuh tempo Held-to-maturity Republik Indonesia - ROI Loan 142.625 227.883 Republic of Indonesia - ROI Loan

Jumlah dimiliki hingga jatuh tempo 142.625 227.883 Total held-to-maturity

Pinjaman yang diberikan dan piutang Loans and receivable Tagihan atas wesel ekspor 170.212 207.001 Bills receivable Jumlah mata uang asing 312.837 434.884 Total foreign currencies Jumlah 1.457.454 1.355.340 Total Cadangan kerugian penurunan nilai (124) (248) Allowance for impairment losses

Jumlah - Bersih 1.457.330 1.355.092 Net

- 59 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Seluruh efek-efek yang dimiliki Perusahaan As of December 31, 2014 and 2013, all pada tanggal 31 Desember 2014 dan 2013 securities owned by the Company are merupakan efek-efek yang diterbitkan oleh issued by third parties. pihak ketiga.

b. Efek-efek dimiliki hingga jatuh tempo b. The details of held-to-maturity securities are adalah sebagai berikut: as follows:

2014 Lebih dari Lebih dari Sampai dengan 1-5 tahun/ 5 tahun/ 1 tahun/ More than 1 year More than Jumlah/ 1 year or less until 5 years 5 years Total

Berdasarkan jangka waktu Based on contractual maturity Rupiah Rupiah Sertifikat Bank Indonesia 191.821 - - 191.821 Certificate of Bank Indonesia Sertifikat Deposito Bank Indonesia 172.787 - - 172.787 Deposit Certificate of Bank Indonesia Obligasi Pemerintah - 109.991 376.882 486.873 Government bonds Obligasi korporasi - 205.003 - 205.003 Corporate bonds Jumlah - Rupiah 364.608 314.994 376.882 1.056.484 Total

Mata uang asing Foreign currency Republik Indonesia - ROI Loan - - 142.625 142.625 Republic of Indonesia - ROI Loan

Jumlah 364.608 314.994 519.507 1.199.109 Total

Berdasarkan jatuh tempo Based on remaining maturity Rupiah Rupiah Sertifikat Bank Indonesia 191.821 - - 191.821 Certificate of Bank Indonesia Sertifikat Deposito Bank Indonesia 172.787 - - 172.787 Deposit Certificate of Bank Indonesia Obligasi Pemerintah 49.752 251.337 185.784 486.873 Government bonds Obligasi korporasi 47.004 157.999 - 205.003 Corporate bonds Jumlah - Rupiah 461.364 409.336 185.784 1.056.484 Total

Mata uang asing (Catatan 35) Foreign currency (Note 35) Republik Indonesia - ROI Loan 49.192 12.593 80.840 142.625 Republic of Indonesia - ROI Loan

Jumlah Total 510.556 421.929 266.624 1.199.109

2013 Lebih dari Lebih dari Sampai dengan 1-5 tahun/ 5 tahun/ 1 tahun/ More than 1 year More than Jumlah/ 1 year or less until 5 years 5 years Total

Berdasarkan jangka waktu Based on contractual maturity Rupiah Rupiah Sertifikat Bank Indonesia 126.416 - - 126.416 Certificate of Bank Indonesia Sertifikat Deposito Bank Indonesia 99.072 - - 99.072 Deposit Certificate of Bank Indonesia Obligasi Pemerintah - 80.152 380.305 460.457 Government bonds Obligasi korporasi - 4.012 - 4.012 Corporate bonds Jumlah - Rupiah 225.488 84.164 380.305 689.957 Total

Mata uang asing Foreign currency Republik Indonesia - ROI Loan - 36.531 191.352 227.883 Republic of Indonesia - ROI Loan

Jumlah 225.488 120.695 571.657 917.840 Total

Berdasarkan jatuh tempo Based on remaining maturity Rupiah Rupiah Sertifikat Bank Indonesia 126.416 -- 126.416 Certificate of Bank Indonesia Sertifikat Deposito Bank Indonesia 99.072 - - 99.072 Deposit Certificate of Bank Indonesia Obligasi Pemerintah 70.476 200.696 189.285 460.457 Government bonds Obligasi korporasi 2.000 2.012 - 4.012 Corporate bonds Jumlah - Rupiah 297.964 200.696 189.285 689.957 Total

Mata uang asing (Catatan 35) Foreign currency (Note 35) Republik Indonesia - ROI Loan 99.954 59.762 68.167 227.883 Republic of Indonesia - ROI Loan

Jumlah 397.918 260.458 257.452 917.840 Total

- 60 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

c. Suku bunga per tahun efek-efek adalah c. Interest rates per annum of securities are as sebagai berikut: follows:

2014 2013 %%

Rupiah Rupiah Sertifikat Bank Indonesia 6,85 – 6,92 6,80 - 7,25 Bank Indonesia Certificate Obligasi Pemerintah 6,00 – 12,80 6,25 - 12,80 Government bonds Obligasi korporasi 7,75 – 11,40 9,15 - 10,00 Corporate bonds

Mata uang asing Foreign currency Republik Indonesia - ROI Loan 3,30 – 7.25 6,75 - 10,37 Republic of Indonesia - ROI Loan Tagihan atas wesel ekspor 1,21 – 2,75 1,21 - 2,75 Bills receivable

d. Nilai wajar dari obligasi (termasuk obligasi d. The fair values of held-to-maturity Pemerintah) yang dimiliki hingga jatuh bonds (including Government Bonds) tempo pada tanggal 31 Desember 2014 as of December 31, 2014 and 2013 dan 2013 adalah masing-masing sebesar amounted to Rp 889,312 and Rp 889.312 dan Rp 753.856. Rp 753,856, respectively.

e. Nilai tercatat dari obligasi sukuk yang e. The carrying amount of sukuk bonds that is direklasifikasi dari kategori tersedia untuk reclassified from available for sale category dijual ke kategori diukur pada nilai wajar to at fair value through profit or loss – melalui laba rugi dan kategori dimiliki trading category and held-to-maturity hingga jatuh tempo selama tahun 2013 category during 2013 amounted to adalah masing-masing sebesar Rp 57,459 dan Rp 36,437, respectively. Rp 57.459 dan Rp 36.437.

f. Rincian peringkat obligasi korporasi dari f. The details of corporate bond’s ratings from PT Pemeringkat Efek Indonesia PT Pemeringkat Efek Indonesia (PT Pefindo), Moody’s dan Fitch Rating (PT Pefindo), Moody’s or Fitch Rating as seperti yang dilaporkan oleh Bursa Efek reported by the Indonesian Stock Exchange, Indonesia adalah sebagai berikut: are as follows:

2014 2013

Syariah Ijarah PT Perusahaan Listrik Negara idAAA(sy) idAAA(sy) Syariah Ijarah PT Perusahaan Listrik Negara PT Adira Dinamika Multi Finance Tbk idAAA idAA+ PT Adira Dinamika Multi Finance Tbk PT Astra Sedaya Finance idAAA idAA+ PT Astra Sedaya Finance PT Federal International Finance idAAA idAA+ PT Federal International Finance PT Indofood Tbk idAA+ - PT Indofood Tbk PT Sarana Multi Infrastruktur idAA+ - PT Sarana Multi Infrastruktur PT Surya Artha Nusantara Finance idAA- idAA- PT Surya Artha Nusantara Finance PT Japfa Comfeed Tbk idA+ idA+ PT Japfa Comfeed Tbk PT Global Mediacom Tbk idA+ - PT Global Mediacom Tbk PT Bank Victoria idA- idA- PT Bank Victoria PT Pembangunan Perumahan idA idA PT Pembangunan Perumahan PT Indosat Tbk id AAA - PT Indosat Tbk PT Bank ICBC Indonesia F1+ (idn) - PT Bank ICBC Indonesia PT Pupuk Indonesia AAA (idn) - PT Pupuk Indonesia PT Sumber Alfaria Trijaya Tbk AA- (idn) - PT Sumber Alfaria Trijaya Tbk PT BFI Finance Indonesia Tbk A (idn) - PT BFI Finance Indonesia Tbk PT Ciputra Residence Tbk A (idn) - PT Ciputra Residence Tbk PT Indosat Tbk - Sukuk Ijarah - idAA+(sy) PT Indosat Tbk - Sukuk Ijarah Pegadaian -idAA+Pegadaian PT Perusahaan Listrik Negara (Persero) - Baa3 PT Perusahaan Listrik Negara (Persero) Lembaga Pembayaran Ekspor Indonesia -idAAALembaga Pembayaran Ekspor Indonesia PT Bank Internasional Indonesia Seri A -idAAAPT Bank Internasional Indonesia Seri A

- 61 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

g. Pada tanggal 31 Desember 2014 dan g. As of December 31, 2014 and 2013, all 2013, efek-efek diklasifikasikan sebagai securities are classified as Current. Lancar.

h. Perubahan cadangan kerugian penurunan h. The changes in allowance for possible nilai efek-efek adalah sebagai berikut: losses on securities are as follows:

2014 2013 Mata Uang Mata Uang Asing/ Asing/ Rupiah/ Foreign Jumlah/ Rupiah/ Foreign Jumlah/ Rupiah Currencies Total Rupiah Currencies Total

Balance at the beginning Saldo awal tahun 248 - 248 127 - 127 of the year Provision (reversal) of Pencadangan (pemulihan) allowance for impairment tahun berjalan (124) - (124) 121 - 121 losses of financial assets Balance at the end Saldo akhir tahun 124 - 124 248 - 248 of the year

Manajemen berpendapat bahwa jumlah Management believes that the allowance for cadangan kerugian penurunan nilai efek- impairment losses on securities as of efek pada tanggal 31 Desember 2014 dan December 31, 2014 and 2013 are adequate 2013 adalah cukup untuk menutup to cover the losses which might arise from kemungkinan kerugian yang akan timbul uncollectible securities. akibat tidak tertagihnya efek-efek.

i. Tidak terdapat penghapusan efek-efek i. There is no write-off of securities for the selama tahun-tahun yang berakhir years ended December 31, 2014 and 2013. 31 Desember 2014 dan 2013.

8. Efek yang Dibeli dengan Janji Jual Kembali 8. Securities Purchased under Agreements to Resell

Pada tanggal 31 Desember 2013, efek-efek As of December 31, 2013, the securities yang dibeli dengan janji jual kembali terdiri dari: purchased under agreements to resell consist of:

2013 Pendapatan bunga Nilai yang belum Nilai nominal/ direalisasi/ bersih/ Jangka waktu/ Tanggal jatuh tempo/ Nominal Unearned Carrying Jenis Term Due date value interest income value Type

Rupiah Rupiah Obligasi Pemerintah Government Bond 7 Januari 2014/ SPN12140507 7 hari/days January 7, 2014 139.348 136 139.212 SPN12140507

Efek yang dibeli dengan janji jual kembali pada Securities purchased under agreements to resell tanggal 31 Desember 2013 telah diselesaikan as of December 31, 2013 were settled at its pada tanggal jatuh tempo. maturity date.

- 62 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

9. Kredit yang Diberikan 9. Loans

a. Jenis Kredit a. By Types of Loans

2014 2013

Pihak berelasi (Catatan 33) Related parties (Note 33) Rupiah Rupiah Pinjaman tetap 100.000 101.490 Fixed loans Pinjaman rekening koran 1.096 11.428 Overdraft Pinjaman cicilan 504 5.957 Installment loans Pinjaman konsumsi 1.032 2.490 Consumer loans Pinjaman karyawan 1.513 1.734 Loans to employees Piutang syariah - murabahah 2.498 104 Sharia receivable - murabahah Jumlah 106.643 123.203 Total

Mata uang asing (Catatan 35) Foreign currency (Note 35) Pinjaman tetap 712.137 821.475 Fixed loans Jumlah - pihak berelasi 818.780 944.678 Total - related parties

Pihak ketiga Third parties Rupiah Rupiah Pinjaman konsumsi 3.071.647 3.075.899 Consumer loans Pinjaman cicilan 3.135.231 2.363.118 Installment loans Pinjaman tetap 2.528.943 2.015.169 Fixed loans Pinjaman anjak piutang 796.872 739.818 Factoring Pembiayaan mudharabah 780.549 451.003 Sharia receivables - mudharabah Piutang syariah - murabahah 682.894 543.669 Sharia receivables - murabahah Pinjaman rekening koran 164.115 176.268 Overdraft Pinjaman karyawan 41.431 36.762 Loans to employees Pinjaman investasi 428.988 33.000 Investment loans Jumlah 11.630.670 9.434.706 Total

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Pinjaman tetap 1.239.118 237.062 Fixed loans Pinjaman cicilan 346.380 345.240 Installment loans Pembiayaan mudharabah 260.085 - Sharia receivables - mudharabah Piutang syariah - murabahah 1.705 2.910 Sharia receivables - murabahah Pinjaman Anjak Piutang 1.697 1.475 Factoring Jumlah 1.848.985 586.687 Total

Jumlah - pihak ketiga 13.479.655 10.021.393 Total - third parties Jumlah 14.298.435 10.966.071 Total

Cadangan kerugian penurunan nilai (75.078) (56.333) Allowance for impairment losses Jumlah - bersih 14.223.357 10.909.738 Net

- 63 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

b. Sektor Ekonomi b. By Economic Sectors

2014 2013

Rupiah Rupiah Rumah tangga 3.301.612 2.775.058 Household Perdagangan besar dan eceran 3.077.807 2.119.995 Wholesale and retail Perantara keuangan 1.535.804 843.114 Financial intermediary Real estat, usaha persewaan, dan Real estate, leasing services jasa perusahaan 720.787 1.014.499 and servicing companies Industri pengolahan 691.258 428.361 Manufacturing Pertanian, perburuan dan kehutanan 602.949 264.077 Agriculture, hunting and forestry Jasa kemasyarakatan, sosial budaya, hiburan Recreation and other dan perorangan lainnya 552.437 419.045 individual services Konstruksi 485.484 253.483 Construction Transportation, warehousing Transportasi, pergudangan, dan komunikasi 381.876 316.166 and communication Pertambangan dan penggalian 260.579 322.717 Mining and excavation Penyediaan akomodasi dan penyediaan Accomodation and food and makan minum 77.469 51.816 baverage Perikanan 15.264 16.023 Fishery Jasa kesehatan dan kegiatan sosial 813 881 Health and social services Jasa perorangan yang melayani rumah tangga 229 120 Individual serve household Jasa pendidikan 43 234 Education services Listrik, gas dan air 3 19.813 Electricity, gas and water Lain-lain 32.899 712.507 Others Jumlah 11.737.313 9.557.909 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Industri pengolahan 1.156.056 872.755 Manufacturing Konstruksi 350.301 2.910 Construction Real estat, usaha persewaan, dan Real estate, leasing services jasa perusahaan 261.790 - and servicing companies Pertambangan dan penggalian 159.036 375.921 Mining and excavation Perdagangan besar dan eceran 62.495 73.254 Wholesale and retail Jasa pendidikan 18.330 28.052 Education services Perantara keuangan 13.846 42.371 Financial intermediary Transportasi, pergudangan, dan komunikasi 13.623 9.078 and communication Pertanian, perburuan dan kehutanan 528 3.315 Agriculture, hunting and forestry Lain-lain 525.117 506 Others Jumlah 2.561.122 1.408.162 Subtotal Jumlah 14.298.435 10.966.071 Total Cadangan kerugian penurunan nilai (75.078) (56.333) Allowance for impairment losses

Jumlah - bersih 14.223.357 10.909.738 Net

c. Jangka Waktu c. By Maturity

Jangka waktu kredit diklasifikasikan The classifications of loans based on berdasarkan periode kredit sebagaimana contractual maturity, as stated in the loan yang tercantum dalam perjanjian kredit dan agreements, and based on remaining waktu yang tersisa sampai dengan saat maturity are as follows: jatuh temponya:

- 64 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Berdasarkan Periode Perjanjian Kredit: Based on Contractual Maturity:

2014 2013

Rupiah Rupiah Kurang dari atau sama dengan 1 tahun 1.462.841 2.828.461 1 year or less Lebih dari 1 - 2 tahun 3.458.616 1.839.279 More than 1 year until 2 years Lebih dari 2 - 5 tahun 4.776.541 2.493.712 More than 2 years until 5 years Lebih dari 5 tahun 2.039.315 2.396.457 More than 5 years Jumlah 11.737.313 9.557.909 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Kurang dari atau sama dengan 1 tahun 304.928 977.120 1 year or less Lebih dari 1 - 2 tahun 1.276.461 81.581 More than 1 year until 2 years Lebih dari 2 - 5 tahun 819.796 349.461 More than 2 years until 5 years Lebih dari 5 tahun 159.937 - More than 5 years Jumlah 2.561.122 1.408.162 Subtotal Jumlah 14.298.435 10.966.071 Total Cadangan kerugian penurunan nilai (75.078) (56.333) Allowance for impairment losses

Jumlah - bersih 14.223.357 10.909.738 Net

Berdasarkan Sisa Umur Jatuh Tempo: Based on Remaining Period until Maturity:

2014 2013

Rupiah Rupiah Kurang dari atau sama dengan 1 tahun 5.090.720 3.812.123 1 year or less Lebih dari 1 - 2 tahun 1.933.103 1.851.242 More than 1 year until 2 years Lebih dari 2 - 5 tahun 3.661.089 3.426.823 More than 2 years until 5 years Lebih dari 5 tahun 1.052.401 467.721 More than 5 years Jumlah 11.737.313 9.557.909 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Kurang dari atau sama dengan 1 tahun 1.508.152 1.072.911 1 year or less Lebih dari 1 - 2 tahun 820.693 17.863 More than 1 year until 2 years Lebih dari 2 - 5 tahun 125.758 317.388 More than 2 years until 5 years Lebih dari 5 tahun 106.519 - More than 5 years Jumlah 2.561.122 1.408.162 Subtotal Jumlah 14.298.435 10.966.071 Total Cadangan kerugian penurunan nilai (75.078) (56.333) Allowance for impairment losses

Jumlah - bersih 14.223.357 10.909.738 Net

d. Suku bunga per tahun kredit diberikan d. Interest rates per annum on loans are as adalah sebagai berikut: follows:

2014 2013 %%

Rupiah 6,00 - 57.76 6,00 - 24.31 Rupiah Dolar Singapura 6,00 6,00 Singapore Dollar Dolar Amerika Serikat 1,65 - 12,00 2,50 - 12,00 United States Dollar

e. Pada tanggal 31 Desember 2014 dan e. As of December 31, 2014, and 2013, 2013, saldo kredit yang diberikan kepada loans to related parties amounting to pihak berelasi masing-masing sebesar Rp 812,173 and Rp 929,492, respectively, Rp 812.173 dan Rp 929.492 dijamin oleh are secured with time deposits (Note 18). deposito berjangka (Catatan 18).

- 65 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

f. Jumlah kredit yang dijamin dengan f. Loans collateralized by cash collateral as of jaminan tunai pada tanggal December 31, 2014 and 2013 amounted to 31 Desember 2014 dan 2013 masing- Rp 1,183,582 and Rp 1,112,574, masing sebesar Rp 1.183.582 dan respectively (Note 18). Rp 1.112.574 (Catatan 18).

g. Saldo kredit channeling pada tanggal g. As of December 31, 2014 and 2013, 31 Desember 2014 dan 2013 masing- the outstanding balance of the Company’s masing adalah sebesar Rp 3.021.082 dan loan channeling amounted to Rp 3,021,082 Rp 3.323.881, dimana sebesar and Rp 3,323,881, respectively, in which Rp 2.210.212 dan Rp 2.424.810 dari saldo Rp 2,210,212 and Rp 2,424,810, kredit channelling disalurkan melalui pihak respectively, were disbursed through related berelasi (Catatan 33). parties (Note 33).

h. Kredit yang diberikan kepada karyawan h. Loans to employees represent distributed merupakan kredit untuk membeli loans for purchases of cars, houses and kendaraan, rumah dan keperluan lainnya other necessities with special interest rate yang dibebani bunga 0% untuk kredit for loans term below 1 year and from 0% to dibawah 1 tahun dan 6% untuk kredit 6% per annum for loan with terms ranging antara 1 sampai dengan 10 tahun. between 1 to 10 years.

i. Selama tahun 2014 dan 2013, jumlah kredit i. During 2014 and 2013, total loans yang direstrukturisasi masing-masing restructured amounted to Rp 22,962 and sebesar Rp 22.962 dan Rp 20.642. Rp 20,642, respectively.

j. Saldo kredit pada tanggal 31 Desember j. The collectibility classification of loans 2014 dan 2013 berdasarkan klasifikasi as of December 31, 2014 and 2013 based kolektibilitas yang ditetapkan oleh Bank on Bank Indonesia regulations is as follows: Indonesia sebagai berikut:

2014 Dalam Perhatian Khusus/ Kurang Lancar/ Special Lancar/ Diragukan/ Macet/ Jumlah/ Jenis Current Mention Substandard Doubtful Loss Total Types of Loans

Rupiah Rupiah Pihak berelasi (Catatan 33) 106.636 - - - 7 106.643 Related parties (Note 33) Pihak ketiga 10.178.318 1.130.168 187.613 18.780 115.791 11.630.670 Third parties Jumlah 10.284.954 1.130.168 187.613 18.780 115.798 11.737.313 Subtotal

Mata uang asing (Catatan 35) Foreign currency (Note 35) Pihak berelasi (Catatan 33) 712.137 - - - - 712.137 Related parties (Note 33) Pihak ketiga 1.468.877 299.233 - - 80.875 1.848.985 Third parties Jumlah 2.181.014 299.233 - - 80.875 2.561.122 Subtotal

Jumlah 12.465.968 1.429.401 187.613 18.780 196.673 14.298.435 Total

2013 Dalam Perhatian Khusus/ Kurang Lancar/ Special Lancar/ Diragukan/ Macet/ Jumlah/ Jenis Current Mention Substandard Doubtful Loss Total Types of Loans

Rupiah Rupiah Pihak berelasi (Catatan 33) 123.203 - - - - 123.203 Related parties (Note 33) Pihak ketiga 7.943.628 1.214.516 186.398 16.873 73.291 9.434.706 Third parties Jumlah 8.066.831 1.214.516 186.398 16.873 73.291 9.557.909 Subtotal

Mata uang asing (Catatan 35) Foreign currency (Note 35) Pihak berelasi (Catatan 33) 821.475 - - - - 821.475 Related parties (Note 33) Pihak ketiga 586.687 - - - - 586.687 Third parties Jumlah 1.408.162 - - - - 1.408.162 Subtotal

Jumlah 9.474.993 1.214.516 186.398 16.873 73.291 10.966.071 Total

- 66 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

k. Pada tanggal 31 Desember 2014 dan k. The details of non-performing loans 2013, rincian kredit bermasalah menurut as of December 31, 2014 and 2013, based sektor ekonomi sesuai ketentuan Bank on economic sectors according to Bank Indonesia adalah sebagai berikut: Indonesia regulation are as follows:

2014 2013

Rupiah Rupiah Rumah tangga 63.148 43.694 Household Pertambangan dan penggalian 40.541 56.316 Mining and excavation Perdagangan besar dan eceran 32.746 7.261 Wholesale and retail Perantara keuangan 23.768 16.503 Financial intermediciary Industri pengolahan 46.540 5.922 Manufacturing Jasa kesehatan dan kegiatan sosial 813 - Health and social services Real estate, usaha persewaan, dan Real estate, leasing services and jasa perusahaan 668 30.078 servicing company Jasa kemasyarakatan, sosial budaya, Services in social, art, culture, recreation hiburan, dan perorangan lainnya 90 1.833 and other individual services Transportasi, pergudangan Transportation, warehousing and dan komunikasi 110.194 89.723 communication Konstruksi - 7.920 Construction lain-lain 3.683 17.312 Others Jumlah 322.191 276.562 Total

Mata uang asing Foreign currencies Pertambangan dan penggalian 80.875 - Mining and excavation

Jumlah 403.066 276.562 Total

l. Pada tanggal 31 Desember 2014 dan l. As of December 31, 2014 and 2013, there is 2013, tidak terdapat penyediaan dana no loan granted to related and third parties kepada pihak berelasi dan pihak ketiga which has exceeded the Company’s Legal yang melampaui Batas Maksimum Lending Limit (LLL). Pemberian Kredit (BMPK).

m. Pada tanggal 31 Desember 2014 dan m. Interest not accrued on non-performing 2013, kredit non-performing yang telah loans amounted to Rp 403,066 and dihentikan pembebanan bunganya Rp 276,562 as of December 31, 2014 and masing-masing adalah sebesar 2013, respectively. Rp 403.066 dan Rp 276.562.

n. Mutasi cadangan kerugian penurunan nilai n. The changes in allowance for possible kredit adalah sebagai berikut: losses on loans are as follows:

2014 2013 Mata Uang Mata Uang Asing/ Asing/ Rupiah/ Foreign Jumlah/ Rupiah/ Foreign Jumlah/ Rupiah Currency Total Rupiah Currency Total

Balance at the beginning Saldo awal of the year Individual 19.724 - 19.724 25.556 18.311 43.867 Individual Kolektif 36.608 1 36.609 48.380 1 48.381 Collective Pencadangan (pemulihan) tahun Provision (reversal) berjalan during the year Individual (1.012) 6.450 5.438 (5.832) (18.311) (24.143) Individual Kolektif 20.516 2.618 23.134 (1.987) - (1.987) Collective Penerimaan kembali kredit hapus buku Recovery Individual - - - - - Individual Kolektif 7.507 - 7.507 448 - 448 Collective Penghapusan (17.334) - (17.334) (10.233) - (10.233) Write-off

Saldo akhir 66.009 9.069 75.078 56.332 1 56.333 Balance at the end of the year

Manajemen berpendapat bahwa jumlah Management believes that the allowance for cadangan kerugian penurunan nilai untuk impairment losses on loans is adequate to kredit yang diberikan adalah cukup untuk cover the losses which might arise from menutup kemungkinan kerugian yang akan uncollectible loans. timbul akibat tidak tertagihnya kredit yang diberikan tersebut.

- 67 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

o. Mutasi kredit yang dihapus buku selama o. The movement of loans written-off for 2014 tahun 2014 dan 2013 adalah sebagai and 2013 are as follows: berikut:

2014 2013 Mata Uang Mata Uang Asing/ Asing/ Rupiah/ Foreign Jumlah/ Rupiah/ Foreign Jumlah/ Rupiah Currency Total Rupiah Currency Total

Beginning balance at the Saldo awal tahun 25.590 66.396 91.986 15.813 52.679 68.492 beginning year Mutasi selama tahun berjalan Movement during the year Penghapusan 17.334 - 17.334 10.233 - 10.233 Write-off Penerimaan kembali (7.507) - (7.507) (448) - (448) Recovery Hapus tagih (19) - (19) (8) - (8) Deleted notes Selisih kurs penjabaran - 3.018 3.018 - 13.717 13.717 Exchange rate difference

Saldo akhir 35.398 69.414 104.812 25.590 66.396 91.986 Balance at the end of the yea

p. Jaminan pemberian kredit umumnya p. Loan collaterals are generally in the form of berupa tanah, bangunan, mesin, land, buildings, machinery, inventories and persediaan dan deposito berjangka. time deposits.

q. Rasio kredit usaha kecil terhadap jumlah q. The ratio of small business loans to total kredit yang diberikan pada tanggal loans at December 31, 2014 and 31 Desember 2014 dan 2013 adalah 2013 are 3.56% and 2.50%, respectively. masing-masing sebesar 3,56% dan 2,50%.

r. Pada tanggal 31 Desember 2014 dan 2013 r. As of December 31, 2014 and 2013, The Rasio Non-Performing Loan (NPL) ratio of Non-Performing Loans (NPL) Perusahaan (secara bruto) adalah (at gross) to total loans are 3.00% and masing-masing sebesar 3,00% dan 2,50%, 2.50%, respectively while the ratio at net sedangkan secara neto adalah NPL to loans is 2.56% and 2.12%, masing-masing sebesar 2,56% dan 2,12%. respectively.

s. Pada tanggal 31 Desember 2014 dan s. As of December 31, 2014 and 2013 the ratio 2013, rasio kredit bermasalah terhadap of non-performing loans to total financial jumlah aset keuangan adalah assets is 2.25% and 1.81%, respectively. masing–masing sebesar 2,25% dan 1,81%.

t. Pada tanggal 31 Desember 2014 dan t. As of December 31, 2014 and 2013, the 2013, rasio cadangan kerugian penurunan ratio of recorded allowance for impairment nilai kredit yang telah dibentuk terhadap losses of loans compared to the loans is kredit yang diberikan adalah masing– 0.53% and 0.51%, respectively. masing sebesar 0,53% dan 0,51%.

10. Tagihan dan Liabilitas Akseptasi 10. Acceptance Receivables and Payables

a. Berdasarkan jangka waktu perjanjian: a. By term of agreements:

2014 2013

Rupiah Rupiah 1 bulan atau kurang - - 1 month or less 1-3 bulan 3.240 - More than 1 month until 3 months 3-6 bulan 21.685 - More than 3 months until 6 months lebih dari 6 bulan 12.090 - More than 6 months Jumlah 37.015 - Total

- 68 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2014 2013

Mata Uang Asing (Catatan 35) Foreign currency (Note 35) 1 bulan atau kurang - - 1 month or less 1-3 bulan 11.167 16.223 More than 1 month until 3 months 3-6 bulan 19.654 25.322 More than 3 months until 6 months lebih dari 6 bulan - 196.779 More than 6 months Jumlah 30.821 238.324 Total Jumlah 67.836 238.324 Total

b. Berdasarkan sisa umur sampai dengan b. Based on remaining maturity: saat jatuh tempo:

2014 2013

Rupiah Rupiah 1 bulan atau kurang 13.071 - 1 month or less 1-3 bulan 20.893 - More than 1 month until 3 months 3-6 bulan 3.051 - More than 3 months until 6 months Jumlah 37.015 - Total

Mata Uang Asing (Catatan 35) Foreign currency (Note 35) 1 bulan atau kurang 11.880 17.801 1 month or less 1-3 bulan 15.076 23.744 More than 1 month until 3 months 3-6 bulan 3.865 2.059 More than 3 months until 6 months 6-12 bulan - 194.720 More than 6 months until 12 months Jumlah 30.821 238.324 Total Jumlah 67.836 238.324 Total

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, all seluruh tagihan akseptasi digolongkan sebagai acceptance receivables are classified as current. lancar.

Manajemen berpendapat bahwa tidak terdapat Management believes that there is no impaired penurunan nilai atas tagihan akseptasi acceptance receivable, therefore no alowance sehingga tidak diperlukan cadangan kerugian for impairment losses is provided for. penurunan nilai.

11. Penyertaan Modal Sementara 11. Temporary Investment

Perusahaan dan pemegang saham The Company and the shareholders of PT Teknology Energy Terpadu (TET), debitur PT Teknology Energy Terpadu (TET) , a debtor Perusahaan, menandatangani Perjanjian Jual of the Company, signed a Sale and Purchase Beli Saham yang didokumentasikan dalam Akta Agreement which is documented in Notarial No. 24 dan 26 tanggal 7 November 2014 dari Deeds No. 24 and 26 dated November 7, 2014 Yulia S.H., notaris di Jakarta, untuk 600 lembar of Yulia S.H., public notary in Jakarta, in relation saham (100%) PT Artha Pilar Perkasa (APP) to sale of 600 shares (100%) of PT Artha Pilar yang dimiliki oleh pemegang saham TET dan Perkasa (APP) engaging in trading, service, bergerak di bidang perdagangan, jasa, constructing and industry business which are pembangunan dan industri. Penjualan tersebut owned by the shareholders of TET. The dilakukan sehubungan dengan restrukturisasi aforementioned sale is in relation to the tagihan Perusahaan kepada TET. Penjualan restructuring of the Company’s receivables from saham tersebut telah mendapat persetujuan TET. The said sale of shares has been dalam Rapat Umum Luar Biasa Pemegang approved in Extraordinary Stockholders’ Meeting Saham APP pada tanggal 28 Februari 2015. of APP which was held on February 28, 2015.

- 69 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Perusahaan membukukan pembelian saham The Company recognized the purchase of APP tersebut sebagai Penyertaan Modal APP’s shares as Temporary Investment. In Sementara. Dengan mengacu pada Peraturan accordance with Bank Indonesia Regulation Bank Indonesia No. 15/11/PBI/2013 tentang No. 15/11/PBI/2013 on the Precautionary Prinsip Kehati-hatian dalam Kegiatan Principle Capital Investment Activity, the Penyertaan Modal, Perusahaan tidak Company did not consolidate the financial mengkonsolidasikan penyertaan modal statements of APP with the Company’s financial sementara tersebut dalam laporan keuangan statements, because the investment is Perusahaan, karena penyertaan tersebut temporary and has a different type of business bersifat sementara dan memiliki bidang usaha with the Company. yang berbeda dengan Perusahaan.

Penyertaan modal sementara pada APP This temporary investment in APP will be tersebut akan dilepaskan melalui disposed through sale. Management believes penjualan. Manajemen berkeyakinan bahwa that this temporary investment can be sold in the penyertaan modal sementara tersebut dapat near future. dijual dalam waktu dekat.

12. Pendapatan Bunga Akrual 12. Interest Receivable

2014 2013

Bunga atas: Interest from: Kredit 65.249 53.378 Loans Efek-efek 18.046 19.313 Securities Penempatan pada bank lain 134 570 Placements with other banks

Jumlah 83.429 73.261 Total

Pendapatan bunga akrual dari pihak berelasi Interest receivable from related parties pada tanggal 31 Desember 2014 dan 2013 amounted to Rp 404 and Rp 482 as of masing-masing adalah sebesar Rp 404 dan December 31, 2014 and 2013, respectively Rp 482 (Catatan 33). (Note 33).

13. Biaya Dibayar Dimuka 13. Prepaid Expenses

2014 2013

Promosi dan pengembangan usaha 184.090 107.195 Promotion and operating development Renovasi cabang baru 84.872 90.903 New branches renovation costs Pemeliharaan perangkat lunak & keras 44.929 19.975 Software & hardware maintenance Sewa 27.959 30.374 Rental Asuransi 11.417 7.795 Insurance Lain-lain 1.872 8.980 Others

Jumlah 355.139 265.222 Total

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, prepaid biaya dibayar dimuka yang dibayarkan kepada expenses to related parties amounted to pihak berelasi masing-masing sebesar Rp 21,956 and Rp 33,997, respectively Rp 21.956 dan Rp 33.997 (Catatan 33). (Note 33).

- 70 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

14. Aset Tetap 14. Premises and Equipment

Perubahan selama tahun berjalan/ Changes during the year 1 Januari 2014/ Penambahan/ Pengurangan/ 31 Desember 2014/ January 1, 2014 Additions Deductions December 31, 2014 Biaya perolehan: Cost: Tanah 80.290 109 - 80.399 Land Bangunan 135.736 810 - 136.546 Buildings Inventaris kantor 500.065 98.494 (65) 598.494 Office equipment Kendaraan bermotor 23.417 5.655 (211) 28.861 Vehicles Jumlah 739.508 105.068 (276) 844.300 Total Akumulasi penyusutan: Accumulated depreciation: Bangunan 23.632 6.795 - 30.427 Buildings Inventaris kantor 154.745 54.716 (42) 209.419 Office equipment Kendaraan bermotor 16.691 3.841 (136) 20.396 Vehicles Jumlah 195.068 65.352 (178) 260.242 Total Nilai Tercatat 544.440 584.058 Net Book Value

Perubahan selama tahun berjalan/ Changes during the year 1 Januari 2013/ Penambahan/ Pengurangan/ 31 Desember 2013/ January 1, 2013 Additions Deductions December 31, 2013 Biaya perolehan: Cost: Tanah 71.815 10.332 (1.857) 80.290 Land Bangunan 130.677 5.059 - 135.736 Buildings Inventaris kantor 411.047 89.031 (13) 500.065 Office equipment Kendaraan bermotor 20.832 2.585 - 23.417 Vehicles Jumlah 634.371 107.007 (1.870) 739.508 Total Akumulasi penyusutan: Accumulated depreciation: Bangunan 17.098 6.534 - 23.632 Buildings Inventaris kantor 108.979 45.773 (7) 154.745 Office equipment Kendaraan bermotor 14.184 2.507 - 16.691 Vehicles Jumlah 140.261 54.814 (7) 195.068 Total Nilai Tercatat 494.110 544.440 Net Book Value

Jumlah beban penyusutan yang dibebankan Depreciation expense charged to operations pada laporan laba rugi komprehensif pada amounted to Rp 65,352 and Rp 54,814 in 2014 tahun 2014 dan 2013 masing-masing sebesar and 2013, respectively. Rp 65.352 dan Rp 54.814.

Perusahaan memiliki beberapa bidang tanah The Company owns several parcels of land, with dengan hak legal berupa Hak Guna Bangunan legal rights in the Form of Proprietary Rights yang berjangka waktu antara 9 (sembilan) (Hak Milik) and Building Use Rights (Hak Guna sampai dengan 41 (empat puluh satu) tahun Bagunan or HGB), and with terms between yang jatuh tempo antara tahun 2014 dan 2042. 9 (nine) to 41 (fourty one) years to mature Manajemen berpendapat bahwa tidak terdapat between 2014 and 2042. Management believes masalah dengan perpanjangan hak atas tanah that these landrights can be extended without karena seluruh tanah diperoleh secara sah dan difficulty since all the parcels of land were didukung dengan bukti pemilikan yang acquired legally and supported by sufficient memadai. evidence of ownership.

Pada tahun 2014 dan 2013, Perusahaan In 2014 and 2013, the Company sold its menjual aset tetapnya dengan nilai tercatat premises and equipment with a net book value of masing-masing sebesar Rp 20 dan Rp 1.863 Rp 20 and Rp 1,863, respectively, for pada harga jual masing-masing sebesar Rp 4 and Rp 1,965, respectively. The related Rp 4 dan Rp 1.965. Keuntungan (kerugian) gain on sale of premises and equipment bersih penjualan aset tetap tersebut dibukukan is recognized in Other Operating Revenue pada akun Pendapatan (Beban) Operasional (Expense) (Notes 29 and 30). Lainnya (Catatan 29 dan 30).

- 71 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Pada tahun 2014, terdapat penghapusan aset In 2014, there is write-off of fixed assets with a tetap dengan nilai tercatat Rp 78. Perusahaan net book value of Rp 78. The Company received mendapatkan penggantian dari asuransi insurance claim amounted to Rp 113. sebesar Rp 113.

Aset tetap Perusahaan, kecuali tanah, dengan As of December 31, 2014 and 2013, premises nilai perolehan sebesar Rp 763.901 dan and equipment, except for land, with cost Rp 659.218 pada tanggal 31 Desember 2014 amounted to Rp 763,901 and Rp 659,218, dan 2013 diasuransikan terhadap risiko respectively, are insured against risk of fire, kebakaran, gempa bumi, huru-hara, pencurian earthquake, and other possible losses with dan risiko lainnya pada PT Asuransi Sinar Mas, PT Asuransi Sinar Mas, a related party, with pihak berelasi, dengan nilai pertanggungan insurance coverage of Rp 685,838 and masing-masing sebesar Rp 685.838 dan Rp 657,697, respectively (Note 33). Rp 657.697 (Catatan 33). Manajemen Management believes that the insurance berpendapat bahwa nilai pertanggungan coverages are adequate to cover possible losses tersebut cukup untuk menutup kemungkinan on the assets insured. kerugian atas aset yang dipertanggungkan.

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, there are no tidak ada aset tetap Perusahaan yang premises and equipment pledged as collateral. ditempatkan sebagai jaminan.

Nilai wajar tanah dan bangunan pada tanggal The fair value of the land and buildings 31 Desember 2014 dan 2013 adalah masing- as of December 31, 2014 and 2013 amounted masing sebesar Rp 257.832 dan Rp 215.141. to Rp 257,832 and Rp 215,141, respectively.

Manajemen berpendapat bahwa tidak terdapat Management believes that there is no penurunan nilai atas aset tetap tersebut pada impairment in value of the aforementioned tanggal 31 Desember 2014 dan 2013. assets as of December 31, 2014 and 2013.

15. Aset Ijarah 15. Ijarah Assets

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, these akun ini merupakan obyek sewa dari transaksi assets represent objects of the Ijarah lease Ijarah Muntahiyah Bittamlik dengan opsi transactions with an option to transfer the perpindahan hak milik obyek sewa dengan Muntahiyah Bittamlik object property being hibah. leased by the grant.

Perubahan selama tahun berjalan/ Changes during the year Pengalihan pada akhir masa akad/ Transfer to the 1 Januari 2014/ Penambahan/ lessee at end 31 Desember 2014/ January 1, 2014 Additions of contract December 31, 2014

Biaya perolehan: Cost: Kendaraan bermotor 30.400 3.636 (20.472) 13.564 Vehicles Alat-alat berat 4.227 - (1.227) 3.000 Heavy equipment Mesin 2.354 4.174 (278) 6.250 Machine Aset Multijasa 14.565 109 (8.936) 5.738 Multiservices assets SHM 16.895 4.000 (15.298) 5.597 Freehold Title Rumah - 900 (900) - Houses Rumah kantor - 200 (200) - Home office Lain-lain 57.574 117.026 (35.016) 139.584 Others

Jumlah 126.015 130.045 (82.327) 173.733 Total

- 72 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Perubahan selama tahun berjalan/ Changes during the year Pengalihan pada akhir masa akad/ Transfer to the 1 Januari 2014/ Penambahan/ lessee at end 31 Desember 2014/ January 1, 2014 Additions of contract December 31, 2014

Akumulasi penyusutan: Accumulated depreciation: Kendaraan bermotor 7.729 2.219 (6.012) 3.936 Vehicles Alat-alat berat 4.503 463 (3.114) 1.852 Heavy equipment Mesin 1.660 2.978 (278) 4.360 Machine Aset Multijasa 1.242 2.944 (2.639) 1.547 Multiservices assets SHM 2.794 1.759 (4.120) 433 Freehold Title Lain-lain 3.531 129.270 (66.164) 66.637 Others

Jumlah 21.459 139.633 (82.327) 78.765 Total

Cadangan kerugian Allowance for impairment penurunan nilai - 10.788 10.788 losses

Nilai Tercatat 104.556 84.180 Net Book Value

Perubahan selama tahun berjalan/ Changes during the year Pengalihan pada akhir masa akad/ Transfer to the 1 Januari 2013/ Penambahan/ lessee at end 31 Desember 2013/ January 1, 2013 Additions of contract December 31, 2013

Biaya perolehan: Cost: Kendaraan bermotor 19.227 18.838 (7.665) 30.400 Vehicles Alat-alat berat 18.000 1.227 (15.000) 4.227 Heavy equipment Mesin 6.552 - (4.198) 2.354 Machine Piranti lunak - - - - Software Aset Multijasa 14.565 - - 14.565 Multiservices assets Elektronik 11 - (11) - Electronic SHM 16.830 177 (112) 16.895 Freehold Title Sepeda 3 - (3) - Bicycle Dokumen - 64 (64) - Document Rumah 3 - (3) - Houses Lain-lain - 61.734 (4.160) 57.574 Others

Jumlah 75.191 82.040 (31.216) 126.015 Total Akumulasi penyusutan: Accumulated depreciation: Kendaraan bermotor 14.370 1.024 (7.665) 7.729 Vehicles Alat-alat berat 9.654 9.849 (15.000) 4.503 Heavy equipment Mesin 1.917 3.941 (4.198) 1.660 Machine Aset multijasa 1.242 - - 1.242 Multiservices assets Elektronik 6 5 (11) - Electronic SHM 1.487 1.419 (112) 2.794 Freehold Title Sepeda 1 2 (3) -Bicycle Dokumen - 64 (64) - Document Rumah 1 2 (3) - Houses Lain-lain - 7.691 (4.160) 3.531 Others

Jumlah 28.678 23.997 (31.216) 21.459 Total

Nilai Tercatat 46.513 104.556 Net Book Value

- 73 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

16. Aset Lain-lain – Bersih 16. Other Assets - Net

Uang muka pembelian aset 66.444 41.846 Advances for purchase of assets Agunan yang diambil-alih 51.777 21.846 Foreclosed assets Barang cetakan dan materai 34.052 31.697 Printing materials and stamp duty Uang muka renovasi gedung kantor 33.326 32.471 Advances for building renovation Setoran jaminan 20.561 18.409 Security deposits Tagihan sehubungan dengan ATM bersama 9.168 7.098 Receivables related to ATM bersama Tagihan sehubungan dengan jaringan principal 8.688 - Receivables related to principal network Tagihan komisi asuransi 2.000 29.500 Insurance commission receivables Tagihan sehubungan dengan penyelesaian Claims in connection with the settlement Bank Indover 754 1.101 of Indover Bank Biaya promosi dibayar dimuka - 10.371 Prepaid promotion expense Tagihan komisi reksadana - 10.000 Mutual funds commission receivables Uang muka pengembangan sumber daya Advances due to human resources manusia - 5.170 development Tagihan derivatif - 28 Derivative receivable Uang muka dinas karyawan - 28 Advances to employees Lain-lain 26.023 13.275 Others Jumlah 252.793 222.840 Subtotal

Cadangan kerugian penurunan nilai Allowance for impairment losses aset lain-lain (807) (1.151) other assets

Jumlah - bersih 251.986 221.689 Net

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, the carrying nilai tercatat agunan yang diambil-alih value of foreclosed properties are Rp 51,724 adalah sebesar Rp 51.724 dan Rp 21.796 and Rp 21,796, respectively, after allowance for setelah dikurangi dengan cadangan kerugian impairment losses amounting to Rp 53 and penurunan nilai masing-masing sebesar Rp 53 Rp 50. dan Rp 50.

Pada tahun 2013, Perusahaan menjual aset In 2013, the Company sold its unused premises tetap yang tidak digunakan dengan nilai tercatat and equipment with a net book value of nil for sebesar nihil pada harga jual sebesar Rp 66. The related gain on sale of unused Rp 66. Keuntungan bersih penjualan aset tetap premises and equipment is recognized in Other yang tidak digunakan tersebut dibukukan Operating Income (Note 29). pada akun Pendapatan Operasional Lainnya (Catatan 29).

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, tagihan sehubungan dengan Bank Indover receivables from Bank Indover is equivalent to adalah masing-masing sebesar ekuivalen Rp 754 and Rp 1,101, respectively, which had Rp 754 dan Rp 1.101 yang telah dibentuk been provided for with an allowance for cadangan kerugian penurunan nilai oleh impairment losses. Perusahaan.

- 74 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Berikut adalah rincian agunan yang diambil alih The classification of foreclosed assets subject berdasarkan kolektibilitasnya sesuai ketentuan to Bank Indonesia regulation is as follows: Bank Indonesia:

2014 2013

Lancar 39.143 12.911 Current Kurang lancar 12.585 8.885 Substandard Macet 49 50 Loss

Jumlah 51.777 21.846 Total

Mutasi cadangan kerugian penurunan nilai aset Movements in allowance for impairment lain – lain adalah sebagai berikut: losses other assets are as follows:

2014 2013

Saldo awal 1.151 1.017 Beginning balance Pemulihan (231) (130) Reversal Selisih kurs penjabaran (113) 264 Loss/(gain) on foreign exchange

Saldo akhir 807 1.151 Ending balance

Aset lain-lain kepada pihak berelasi pada Other assets with a related party at tanggal 31 Desember 2014 dan 2013 adalah December 31, 2014 and 2013 amounted to masing-masing sebesar Rp 18.416 dan Rp 18,416 and Rp 52,352, respectively Rp 52.352 (Catatan 33). (Note 33).

Manajemen berpendapat bahwa jumlah Management believes that the allowance of cadangan kerugian penurunan nilai untuk aset impairments losses for other assets is adequate lain-lain adalah cukup untuk menutup to cover possible losses that will arise from these kemungkinan kerugian yang akan timbul akibat assets. tidak tertagihnya aset tersebut.

17. Liabilitas Segera 17. Liabilities Immediately Payable

2014 2013

Transfer checks for collection Kiriman uang 80.648 191.864 and clearing Liabilitas sehubungan dengan ATM bersama 27.448 21.461 Payable related to ATM bersama Liabilitas administrasi kredit 9.009 7.209 Loans administration payable Beban akrual 9.082 5.482 Accrued expenses Liabilitas pada perusahaan asuransi 5.004 3.510 Payable to insurance companies Liabilitas setoran Jamsostek 1.147 897 Jamsostek liabilities Lain-lain 5.519 5.649 Others

Jumlah 137.857 236.072 Total

- 75 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Liabilitas segera lainnya kepada pihak berelasi Liabilities immediately payable to a related party pada tanggal 31 Desember 2014 dan 2013 are equivalent to Rp 7,692 and Rp 619 as of adalah masing-masing sebesar Rp 7.692 dan December 31, 2014 and 2013, respectively Rp 619 (Catatan 33). (Note 33).

18. Simpanan 18. Deposits

Simpanan terdiri dari: Deposits consist of the following:

2014 2013

Giro 3.189.731 3.772.352 Demand deposits Tabungan 5.247.615 5.236.420 Savings deposits Deposito berjangka 8.508.885 4.810.289 Time deposits Jumlah 16.946.231 13.819.061 Total

a. Giro terdiri atas: a. Demand deposits consist of:

2014 2013

Konvensional Conventional Pihak berelasi (Catatan 33) Related parties (Note 33) Rupiah 359.392 546.685 Rupiah Mata uang asing (Catatan 35) 297.051 855.353 Foreign currencies (Note 35) Jumlah 656.443 1.402.038 Subtotal

Pihak ketiga Third parties Rupiah 1.512.171 1.311.234 Rupiah Mata uang asing (Catatan 35) 969.176 1.014.893 Foreign currencies (Note 35) Jumlah 2.481.347 2.326.127 Subtotal

Jumlah 3.137.790 3.728.165 Total

Syariah Sharia Pihak berelasi (Catatan 33) Related parties (Note 33) Rupiah Rupiah Giro Mudharabah 24.413 15.217 Current accounts - Mudharabah Giro Wadiah 465 139 Current accounts - Wadiah Jumlah 24.878 15.356 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Giro Wadiah 1.457 4.036 Current accounts - Wadiah Jumlah 1.457 4.036 Subtotal

Jumlah 26.335 19.392 Total

Pihak ketiga Third parties Rupiah Rupiah Giro Mudharabah 19.783 18.689 Current accounts - Mudharabah Giro Wadiah 4.907 6.026 Current accounts - Wadiah Jumlah 24.690 24.715 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Giro Wadiah 916 80 Current accounts - Wadiah Jumlah 916 80 Subtotal

Jumlah 25.606 24.795 Total

Jumlah 51.941 44.187 Total

Jumlah 3.189.731 3.772.352 Total

- 76 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2014 2013 %% Interest rates per annum on Suku bunga giro per tahun demand deposits Rupiah 0,00 - 7,00 0,00 - 6,50 Rupiah Mata uang asing 0,00 - 2,50 0,00 - 2,50 Foreign currencies

Saldo giro yang diblokir dalam rangka Current accounts blocked to guarantee jaminan kredit yang diberikan, bank garansi loans, bank guarantee and letters of credit at dan letter of credit pada tanggal December 31, 2014 and 2013 amounted to 31 Desember 2014 dan 2013 masing- Rp 91,898 and Rp 19,683, respectively masing adalah sebesar Rp 91.898 dan (Notes 9 and 34). Rp 19.683 (Catatan 9 dan 34).

b. Tabungan terdiri atas: b. Savings deposit consists of:

2014 2013

Konvensional Conventional Rupiah Rupiah Pihak berelasi (Catatan 33) Related parties (Note 33) Tabungan Sinarmas 8.229 14.137 Sinarmas Saving Tabungan Sinarmas Gold 6.406 9.250 Sinarmas gold Saving Tabunganku 104 181 Tabunganku Jumlah 14.739 23.568 Subtotal

Pihak ketiga Third parties Tabungan Sinarmas 2.389.491 3.313.800 Sinarmas Saving Tabungan Sinarmas Gold 2.352.089 1.600.950 Sinarmas gold Saving Tabunganku 354.381 248.651 Tabunganku Jumlah 5.095.961 5.163.401 Subtotal

Jumlah 5.110.700 5.186.969 Total

Syariah Sharia Rupiah Rupiah Pihak berelasi (Catatan 33) Related parties (Note 33) Tabungan Wadiah 22 20 Wadiah Saving Tabungan Mudharabah 714 780 Mudharabah Saving Jumlah 736 800 Subtotal

Pihak ketiga Third parties Tabungan Wadiah 56.602 9.665 Wadiah Saving Tabungan Mudharabah 79.577 38.986 Mudharabah Saving Jumlah 136.179 48.651 Subtotal

Jumlah 136.915 49.451 Total

Jumlah 5.247.615 5.236.420 Total

2014 2013 %%

Interest rates per annum on Suku bunga tabungan per tahun savings deposits Rupiah 0,00 - 6,00 0,00 - 5,52 Rupiah

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, there is 2013, tidak terdapat saldo tabungan yang no savings deposit blocked to guarantee the diblokir dalam rangka jaminan kredit. loans.

- 77 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

c. Deposito berjangka terdiri atas: c. Time deposits consist of:

2014 2013

Konvensional Conventional Pihak berelasi (Catatan 33) Related parties (Note 33) Rupiah 1.042.873 468.535 Rupiah Mata uang asing (Catatan 35) 1.082.885 1.133.806 Foreign currencies (Note 35) Jumlah 2.125.758 1.602.341 Subtotal

Pihak ketiga Third parties Rupiah 4.094.695 2.201.473 Rupiah Mata uang asing (Catatan 35) 1.045.451 472.530 Foreign currencies (Note 35) Jumlah 5.140.146 2.674.003 Subtotal

Jumlah 7.265.904 4.276.344 Total

Syariah Sharia Deposito Mudharabah Mudharabah (sharia) time deposits Pihak berelasi (Catatan 33) Related parties (Note 33) Rupiah 239.852 250.924 Rupiah Pihak ketiga Third parties Rupiah 743.044 283.021 Rupiah Mata uang asing (Catatan 35) 260.085 - Foreign currencies (Note 35) Jumlah 1.242.981 533.945 Total

Jumlah 8.508.885 4.810.289 Total

Klasifikasi deposito berjangka berdasarkan The details of time deposits based on jangka waktu adalah sebagai berikut: maturities are as follows:

Berdasarkan periode deposito berjangka: Based on Contractual Maturity:

2014 2013 Pihak berelasi Pihak berelasi (Catatan 33)/ Pihak (Catatan 33)/ Pihak Related ketiga/ Related ketiga/ parties Third Jumlah/ parties Third Jumlah/ (Note 33) parties Total (Note 33) parties Total

Rupiah Rupiah Kurang dari 1 bulan 665.362 125.780 791.142 169.696 26.199 195.895 Less than 1 month 1 bulan 412.203 2.171.663 2.583.866 423.564 1.576.376 1.999.940 1 month 3 bulan 16.185 1.583.925 1.600.110 5.717 349.909 355.626 3 months 6 bulan 20.215 618.886 639.101 2.022 164.700 166.722 6 months 12 bulan 168.760 337.485 506.245 118.460 367.310 485.770 12 months Jumlah 1.282.725 4.837.739 6.120.464 719.459 2.484.494 3.203.953 Subtotal

Mata uang asing Foreign currencies (Catatan 35) (Note 35) Kurang dari 1 bulan 282.019 40.809 322.828 27.018 17.134 44.152 Less than 1 month 1 bulan 67.432 1.091.539 1.158.971 145.791 141.275 287.066 1 month 3 bulan 11.934 91.669 103.603 133.426 42.926 176.352 3 months 6 bulan 500 8.227 8.727 487 246.008 246.495 6 months 12 bulan 721.000 73.292 794.292 827.084 25.187 852.271 12 months Jumlah 1.082.885 1.305.536 2.388.421 1.133.806 472.530 1.606.336 Subtotal

Jumlah 2.365.610 6.143.275 8.508.885 1.853.265 2.957.024 4.810.289 Total

- 78 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Berdasarkan sisa umur sampai dengan Based on Remaining Maturity: saat jatuh tempo:

2014 2013 Pihak berelasi Pihak berelasi (Catatan 33)/ Pihak (Catatan 33)/ Pihak Related ketiga/ Related ketiga/ parties Third Jumlah/ parties Third Jumlah/ (Note 33) parties Total (Note 33) parties Total

Rupiah Rupiah 1 bulan atau kurang 1.084.918 3.024.885 4.109.803 595.486 1.684.314 2.279.800 1 month or less 1 - 3 bulan 18.114 1.095.994 1.114.108 4.282 401.658 405.940 More than 1 month until 3 months 3 - 6 bulan 20.433 551.821 572.254 1.431 253.338 254.769 More than 3 months until 6 months 6 - 12 bulan 159.260 165.039 324.299 118.260 145.184 263.444 More than 6 months until 12 months Jumlah 1.282.725 4.837.739 6.120.464 719.459 2.484.494 3.203.953 Subtotal

Mata uang asing Foreign currencies (Catatan 35) (Note 35) 1 bulan atau kurang 349.451 882.393 1.231.844 294.509 176.470 470.979 1 month or less 1 - 3 bulan 160.684 364.838 525.522 218.677 43.115 261.792 More than 1 month until 3 months 3 - 6 bulan 467.478 10.005 477.483 517.175 244.711 761.886 More than 3 months until 6 months 6 - 12 bulan 105.272 48.300 153.572 103.445 8.234 111.679 More than 6 months until 12 months Jumlah 1.082.885 1.305.536 2.388.421 1.133.806 472.530 1.606.336 Subtotal

Jumlah 2.365.610 6.143.275 8.508.885 1.853.265 2.957.024 4.810.289 Total

2014 2013 %%

Suku bunga deposito berjangka per tahun Interest rates per annum on time deposits Rupiah 5,00 - 12,50 5,00 - 10,50 Rupiah Mata uang asing 0,15 - 3,50 0,15 - 3,50 Foreign currencies

Saldo deposito berjangka yang diblokir Total time deposits which are blocked to dalam rangka jaminan kredit yang guarantee loans, bank guarantee and letter diberikan, bank garansi dan letter of credit of credit as of December 31, 2014 and pada tanggal 31 Desember 2014 2013, amounted to Rp 1,045,451 and dan 2013 masing-masing adalah Rp 1,208,490, respectively (Notes 9 sebesar Rp 1.045.451 dan Rp 1.208.490 and 34). (Catatan 9 dan 34).

19. Simpanan dari Bank Lain 19. Deposits from Other Banks

2014 2013

Giro 85.772 201.481 Demand deposits Deposito berjangka 378.500 35.200 Time deposits Call money 206.925 20.000 Call money Sertifikat investasi mudharabah Certificate of sharia interbank antar bank syariah 95.000 - mudharabah investment Jumlah 766.197 256.681 Total

- 79 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

a. Giro terdiri dari: a. Demand deposits consist of:

2014 2013

Konvensional Conventional Pihak berelasi (Catatan 33) Related parties (Note 33) Mata uang asing (Catatan 35) 17.336 36.199 Foreign currencies (Note 35) Pihak ketiga Third parties Rupiah 61.526 165.275 Rupiah

Jumlah 78.862 201.474 Total

Syariah Sharia Pihak ketiga Third parties Rupiah 6.910 7 Rupiah Jumlah 85.772 201.481 Total

2014 2013 %%

Suku bunga per tahun Interest rate per annum Rupiah 0,00 - 3,00 0,00 - 5,00 Rupiah Dolar Amerika Serikat 0,15 0,15 United States Dollar Euro 0,00 0,00 Euro

b. Deposito berjangka merupakan deposito b. Time deposits are deposits in Rupiah placed berjangka yang ditempatkan oleh pihak by third parties. ketiga dalam Rupiah.

Termasuk dalam deposito berjangka pada As of December 31, 2014 and 2013, these tanggal 31 Desember 2014 dan 2013 deposits include time deposits based on the adalah deposito berjangka yang didasarkan principles of Islamic banking amounting to pada prinsip perbankan syariah masing- Rp 55,000 and nil, respectively. masing sebesar Rp 55.000 dan nihil.

Klasifikasi deposito berjangka berdasarkan The details of time deposits based on jangka waktu adalah sebagai berikut: maturities are as follows:

Berdasarkan periode deposito berjangka Based on contractual maturity

2014 2013

1 bulan atau kurang 75.000 - 1 month or less 1 bulan 257.000 35.200 1 month 3 bulan 10.500 - 3 months 6 bulan 36.000 - 6 months

Jumlah 378.500 35.200 Total

- 80 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Berdasarkan sisa umur sampai dengan Based on remaining maturity saat jatuh tempo

2014 2013

1 bulan atau kurang 333.500 35.200 1 month or less 1 - 3 bulan 9.500 - 1 month until 3 months 3 - 6 bulan 35.500 - 3 months until 6 months

Jumlah 378.500 35.200 Total

Suku bunga per tahun: Interest rate per annum:

2014 2013 %%

1 bulan atau kurang 7,50 - 1 month or less 1 bulan 7,50 - 8,00 7,60 - 7,75 1 month 3 bulan 10,75 - 3 months 6 bulan 10,75 - 6 months

c. Call Money terdiri dari : c. Call Money consist of :

2014 2013

Konvensional Conventional Pihak ketiga (kurang dari 1 bulan) Third parties (less than 1 month) Rupiah 145.000 20.000 Rupiah Mata uang asing (Catatan 35) 61.925 - Foreign currencies (Note 35) Jumlah 206.925 20.000 Total

2014 2013 %% Suku bunga per tahun Interest rate per annum Rupiah 5,90 - 6,80 7,05 Rupiah Dolar Amerika Serikat 0,30 - United States Dollar

d. Pada tanggal 31 Desember 2014, sertifikat d. As of December 31, 2014, certificate of investasi mudharabah antar bank syariah sharia interbank mudharabah investment is ditempatkan oleh pihak ketiga dalam placed by third parties in Rupiah for a period Rupiah dengan jangka waktu kurang dari of less than 1 month and the profit sharing of 1 bulan dan bagi hasil per tahun sebesar 7.00 – 7.90% per annum. 7,00 – 7,90%.

- 81 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

20. Utang Pajak 20. Taxes Payable

Utang pajak terdiri dari: Taxes payable consists of:

2014 2013

Pajak kini (Catatan 31) 7.093 15.705 Current Tax (Note 31) Pajak penghasilan Income tax Pasal 4 12.909 9.231 Article 4 Pasal 21 3.180 3.252 Article 21 Pasal 23 dan 26 3.094 1.242 Articles 23 and 26 Pasal 25 1.432 2.319 Article 25 Jumlah pajak penghasilan 27.708 16.044 Total income tax

Pajak Pertambahan Nilai 516 129 Value Added Tax

Jumlah 28.224 31.878 Total

Besarnya pajak yang terutang ditetapkan The filed tax returns is based on the Company’s berdasarkan perhitungan pajak yang dilakukan own calculation of tax liabilities (self- sendiri oleh Perusahaan (self-assessment). assessment). Based on the Law No. 28 Year Berdasarkan Undang-undang No. 28 Tahun 2007, regarding the third amendment of the 2007 mengenai Perubahan Ketiga atas General Taxation Provisions and Procedures, Ketentuan Umum dan Tata Cara Perpajakan, the time limit for the tax authorities to assess or Kantor Pajak dapat melakukan pemeriksaan amend taxes was reduced to five (5) years, atas perhitungan pajak dalam jangka waktu subject to certain exceptions, in accordance with 5 tahun setelah terutangnya pajak, dengan provisions of the Law. beberapa pengecualian, sebagaimana diatur dalam Undang-undang tersebut.

21. Beban Bunga Akrual 21. Accrued Interest

2014 2013

Pihak berelasi (Catatan 33) Related parties (Note 33) Rupiah Rupiah Deposito 1.518 690 Time deposits Giro 285 280 Demand deposits Tabungan 9 18 Savings deposits Jumlah 1.812 988 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Deposito 1.500 2.392 Time deposits Giro 14 24 Demand deposits Jumlah 1.514 2.416 Subtotal Jumlah pihak berelasi 3.326 3.404 Total related parties

- 82 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2014 2013

Pihak ketiga Third parties Rupiah Rupiah Deposito 24.188 9.265 Time deposits Tabungan 2.960 3.224 Savings deposits Giro 693 601 Demand deposits Jumlah 27.841 13.090 Subtotal

Mata uang asing (Catatan 35) Foreign currencies (Note 35) Deposito 679 357 Time deposits Giro 84 73 Demand deposits Jumlah 763 430 Subtotal Jumlah pihak ketiga 28.604 13.520 Total third parties

Jumlah 31.930 16.925 Total

22. Liabilitas Lain-lain 22. Other Liabilities

2014 2013

Pendapatan diterima dimuka 9.924 6.552 Deferred income Setoran jaminan 3.056 2.330 Marginal deposits Premi Penjaminan Pemerintah Premium on Government Guarantee (Catatan 42g) 1.800 1.321 (Note 42g) Liabilitas derivatif 63 - Derivative liabilities Lain-lain 1.437 1.826 Others

Jumlah 16.280 12.029 Total

Pada tanggal 31 Desember 2014 dan 2013, As of December 31, 2014 and 2013, deferred pendapatan diterima dimuka merupakan income represents income from other provision pendapatan dari provisi lainnya yang which is amortized during the transaction period diamortisasi selama jangka waktu transaksi and deferred income from unused loan facility. serta pendapatan provisi atas kredit yang belum dicairkan.

23. Modal Saham dan Tambahan Modal Disetor 23. Capital Stock and Additional Paid-in Capital

Susunan pemegang saham Perusahaan pada The details of the Company’s capital stock and tanggal 31 Desember 2014 dan 2013 sebagai stockholders as of December 31, 2014 and 2013 berikut: are as follows:

2014 Jumlah Lembar Persentase Jumlah Saham/ Kepemilikan/ Modal Disetor/ Number of Percentage of Total Paid-up Pemegang Saham Shares Ownership Capital Stock Name of Stockholders %Rp

PT Sinar Mas Multiartha Tbk 7.498.835.150 53,41 749.883 PT Sinar Mas Multiartha Tbk PT Shinta Utama 363.136.372 2,59 36.314 PT Shinta Utama Freenyan Liwang, Direktur Utama 3.714.375 0,03 371 Freenyan Liwang, President Director Halim, Direktur 440.000 0,00 44 Halim, Director Masyarakat 6.174.042.452 43,97 617.404 Public

Jumlah 14.040.168.349 100,00 1.404.016 Total

- 83 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2013 Jumlah Lembar Persentase Jumlah Saham/ Kepemilikan/ Modal Disetor/ Number of Percentage of Total Paid-up Pemegang Saham Shares Ownership Capital Stock Name of Stockholders %Rp

PT Sinar Mas Multiartha Tbk 7.498.835.150 57,17 749.883 PT Sinar Mas Multiartha Tbk PT Shinta Utama 363.136.372 2,77 36.314 PT Shinta Utama Freenyan Liwang, Direktur Utama 3.514.375 0,03 351 Freenyan Liwang, President Director Halim, Direktur 440.000 0,00 44 Halim, Director Masyarakat 5.250.955.601 40,03 525.096 Public

Jumlah 13.116.881.498 100,00 1.311.688 Total

Pada tanggal 15 Juni 2012, berdasarkan Rapat On June 15, 2012, the Company’s shareholders Umum Pemegang Saham yang held their Extraordinary Shareholders’ meeting, didokumentasikan dalam Akta No. 21 tanggal which was documented in the Deed No. 21 dated 15 Juni 2012 dari Andalia Farida, SH., MH, June 15, 2012 of Andalia Farida, SH., MH, public notaris di Jakarta, pemegang saham menyetujui notary in Jakarta, wherein the shareholders penerbitan saham sebanyak 1.203.186.138 approved the issuance of shares totaling to lembar saham dengan nilai nominal Rp 100 1,203,186,138 shares with par value of Rp 100 (dalam Rupiah penuh) per saham dan (in full Rupiah) per share to be offered through penerbitan waran secara cuma-cuma sebanyak- Limited Public Offering I with an attached banyaknya 2.996.614.532 lembar (Catatan 1b 2,996,614,532 Series II Warrants free of charge dan 24) untuk ditawarkan melalui Penawaran (Notes 1b and 24). Umum Terbatas I.

Jumlah penerimaan dari Penawaran Umum Total proceeds of the Limited Public Offering I Terbatas I Rp 300.797 dengan biaya emisi amounted to Rp 300,797 and the related share saham Rp 3.776. issuance costs amounted to Rp 3,776.

PT Shinta Utama dan PT Sinar Mas PT Shinta Utama and PT Sinar Mas Multiartha Tbk telah menandatangani dan Multiartha Tbk signed and conveyed letters of menyampaikan surat pernyataan kesanggupan statement on the recognition of the Company’s untuk memenuhi persyaratan yang ditetapkan liabilities as required in the Company’s dalam keikutsertaan Perusahaan dalam participation in the Government guarantee program penjaminan Pemerintah. program.

Berdasarkan Akta No. 45 tanggal Based on Notarial Deed No. 45 dated 13 Juni 2014 dari Aryanti Artisari, S.H., M.Kn., June 13, 2014 of Aryanti Artisari, S.H., M.Kn., notaris di Jakarta, tentang Berita Acara Rapat public notary in Jakarta, concerning an Umum Pemegang Saham Luar Biasa Extraordinary Stockholders’ Meeting wherein the (RUPSLB), dimana pemegang saham Company’s stockholders approved the issuance Perusahaan menyetujui untuk menerbitkan of 1,312,411,310 shares at a price to be 1.312.411.310 lembar saham pada harga yang determined by Directors with approval from akan ditentukan oleh Direksi dengan Board of Commisioners by “Rights Issue persetujuan Dewan Komisaris melalui Without Pre-Emptive Rights”. On October 31, Penambahan Modal Tanpa Hak Memesan Efek 2014 and November 24, 2014, the Company Terlebih Dahulu (PMTHMETD). Pada tanggal issued 888,888,888 shares and 7,646,526 31 Oktober 2014 dan 24 November 2014, shares, respectively, at a price of Rp 270 (in full Perusahaan melaksanakan PMTHMETD tahap Rupiah). The total proceeds from this right issue 1 dan 2 masing-masing sebanyak 888.888.888 in relation to this “Rights Issue Without Pre- dan 7.646.526 lembar saham dengan harga Emptive Rights” amounted to Rp 242,064 and pelaksanaan masing-masing sebesar the related share issuance costs amounted to Rp 270 (dalam Rupiah penuh). Jumlah dana Rp 227 (Note 1b). yang diperoleh dari pemegang saham dalam pelaksanaan PMTHMETD adalah sebesar Rp 242.064 dengan biaya emisi saham Rp 227 (Catatan 1b).

- 84 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Perubahan lembar saham untuk tahun-tahun The changes of shares outstanding for the years yang berakhir 31 Desember 2014 dan 2013, ended December 31, 2014 and 2013 are as adalah sebagai berikut: follows:

Jumlah Saham/ Number of shares issued Jumlah Saham pada tanggal 1 Januari 2013 10.283.836.238 Balance as of January 1, 2013

Penambahan modal disetor melalui Additional issuance from the konversi Waran Seri I (Catatan 24) 7.569.399 conversion of Series I Warrants (Note 24) Penambahan modal disetor melalui Additional issuance from the konversi Waran Seri II (Catatan 24) 2.825.475.861 conversion of Series II Warrants (Note 24) Jumlah Saham pada tanggal 31 Desember 2013 13.116.881.498 Balance as of December 31, 2013

Penambahan modal disetor melalui Additional issuance from the konversi Waran Seri I (Catatan 24) 19.075.400 conversion of Series I Warrants (Note 24) Penambahan modal disetor melalui Additional issuance from the konversi Waran Seri II (Catatan 24) 7.676.037 conversion of Series II Warrants (Note 24) Penambahan modal tanpa Hak Memesan Efek Additional issuance through right issue Terlebih Dahulu (HMETD) without pre-emptive rights to the 896.535.414 existing shareholders Jumlah Saham pada tanggal 31 Desember 2014 14.040.168.349 Balance as of December 31, 2014

Perubahan tambahan modal disetor sampai The movement of additional paid-in capital is as dengan tanggal 31 Desember 2014: follow:

Jumlah/ Amount Rp

Penawaran Umum Perdana tahun 2010 (Catatan 1b) 80.000 Initial Public Offering in 2010 (Note 1b) Biaya emisi saham tahun 2010 (4.678) Shares issuance cost in 2010 Konversi Waran Seri I tahun 2011 (Catatan 24) 89.918 Conversion of Series I Warrants in 2011 (Note 24) Konversi Waran Seri I tahun 2012 (Catatan 24) 90 Conversion of Series I Warrants in 2012 (Note 24) Penawaran Umum Terbatas I tahun 2012 (Catatan 1b) 180.478 Limited Public Offering I in 2012 (Note 1b) Biaya emisi saham tahun 2012 (3.776) Shares issuance cost in 2012 Jumlah tambahan modal disetor Total additional paid-in capital as of pada tanggal 31 Desember 2012 342.032 December 31, 2012 Konversi Waran Seri I tahun 2013 (Catatan 24) 371 Conversion of Series I Warrants in 2013 (Note 24) Konversi Waran Seri II tahun 2013 (Catatan 24) 423.821 Conversion of Series II Warrants in 2013 (Note 24) Jumlah tambahan modal disetor Total additional paid-in capital as of pada tanggal 31 Desember 2013 766.224 December 31, 2013

Konversi Waran Seri I tahun 2014 (Catatan 24) 935 Conversion of Series I Warrants in 2014 (Note 24) Konversi Waran Seri II tahun 2014 (Catatan 24) 1.151 Conversion of Series II Warrants in 2014 (Note 24) Peningkatan modal tanpa Hak Memesan Efek Terlebih Additional issuance through right issue without Dahulu (HMETD) 152.411 pre-emptive rights to the existing shareholders Biaya emisi saham tahun 2014 (227) Shares issuance cost in 2014 Jumlah tambahan modal disetor Total additional paid-in capital as of pada tanggal 31 Desember 2014 920.494 December 31, 2014

- 85 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Manajemen Permodalan Capital Management

Tujuan utama dari pengelolaan modal The primary objective of the Company’s capital Perusahaan adalah untuk memastikan bahwa management is to ensure that it maintains healthy Perusahaan mempertahankan rasio modal yang capital ratios in order to support its business and sehat dalam rangka mendukung bisnis dan maximize shareholder value. The Company is memaksimalkan nilai pemegang saham. required by Bank Indonesia to meet Capital Perusahaan wajib untuk memenuhi rasio Adequacy Ratio (CAR). Kewajiban Penyediaan Modal Minimum (KPMM) sebagaimana ditetapkan oleh Bank Indonesia.

Manajemen menggunakan peraturan rasio Management uses regulatory capital ratios in permodalan untuk memantau kecukupan order to monitor its capital base, and these capital modal, sesuai dengan standar industri. ratios remain the industry standards for measuring Pendekatan Bank Indonesia untuk pengukuran capital adequacy. Bank Indonesia’s approach to modal tersebut terutama didasarkan kepada such measurement is primarily based on pemantauan kebutuhan modal yang diwajibkan monitoring the relationship of the capital (diukur sebagai 8% pada tahun 2014 dan 2013 resources requirement (measured as and 8% in dari aset tertimbang menurut risiko) terhadap 2014 and 2013, respectively, of risk-weighted modal yang tersedia. assets) to available capital resources.

Perusahan telah memenuhi semua persyaratan The Company has complied with all externally modal yang diwajibkan sepanjang tahun. imposed capital requirements throughout the year.

Perusahaan wajib memperhitungkan Risiko In the calculations of CAR, the Company has Pasar karena telah memenuhi kriteria considered Market Risk using The Standard sebagaimana diatur oleh Peraturan Bank Method as stipulated in Bank Indonesia Indonesia yang berlaku, yaitu jumlah aset Regulation, since the Company has a total assets sebesar Rp 10.000.000 atau lebih. Perhitungan of more than Rp 10,000,000. dilakukan menggunakan metode standar sesuai dengan PBI dimaksud.

Perhitungan rasio KPMM pada tanggal The calculation of CAR as of December 31, 2014 31 Desember 2014 dan 2013 adalah sebagai and 2013, is as follows: berikut:

2014 2013

I. Komponen Modal I. Capital Stock Component A. Modal Inti 2.850.101 2.528.077 A. Core Capital B. Modal Pelengkap 126.838 109.420 B. Supplementary Capital

II. Jumlah modal 2.976.939 2.637.497 II. Total

III. Aset Tertimbang Menurut Risiko (ATMR) III. Risk Weighted Assets Risiko kredit setelah memperhitungkan Credit risk after considering risiko spesifik 14.291.448 10.384.365 specific risk Risko pasar 73.526 213.655 Market risk Risiko operasional 1.832.145 1.490.878 Operational risk

Jumlah ATMR untuk risiko kredit, pasar Total risk weight assets for credit, dan operasional 16.197.119 12.088.898 market and operational risk

- 86 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2014 2013

IV. Rasio Kewajiban Penyediaan Modal IV.Capital Adequacy Ratio (CAR) Minimum (KPMM) yang tersedia KPMM dengan memperhitungkan risiko kredit 20,83% 25,40% CAR with credit risk KPMM dengan memperhitungkan risiko kredit dan pasar 20,72% 24,89% CAR with credit and market risk KPMM dengan memperhitungkan risiko kredit dan operasional 18,46% 22,21% CAR with credit and operational risk KPMM dengan memperhitungkan risiko CAR with credit, operational and kredit dan operasional dan pasar 18,38% 21,82% market risk

V. Rasio Kewajiban Penyediaan Modal Minimum yang diwajibkan 8% 8% V. Minimum Capital Adequacy Ratio

Catatan/Note : Perhitungan rasio KPMM tidak termasuk pajak tangguhan/ The CAR calculation excludes deferred taxes

24. Waran 24. Warrant

Pada tanggal 13 Desember 2010, Perusahaan On December 13, 2010, the Company issued menerbitkan waran Seri I secara cuma-cuma attached 1,920,000000 Series I Warrants, free of sejumlah 1.920.000.000 waran yang melekat charge, to be issued in the Initial Public Offering. pada saham yang diterbitkan dalam rangka Each holder of five (5) new shares of the Penawaran Umum Perdana. Setiap pemegang Company is entitled to six (6) warrants where lima (5) saham baru Perusahaan berhak each one (1) warrant entitles the holder memperoleh enam (6) waran dimana setiap to purchase one (1) new share of the satu (1) waran memberikan hak kepada Company at an exercise price at Rp 150 pemegangnya untuk membeli satu (1) (in full Rupiah) per share and can be exercised saham baru Perusahaan dengan harga from June 13, 2011 until December 11, 2015. Pelaksanaannya sebesar Rp 150 (dalam Rupiah penuh) dan dapat dikonversi menjadi saham mulai tanggal 13 Juni 2011 sampai dengan 11 Desember 2015.

Sehubungan dengan Pelaksanaan Penawaran In connection with the implementation of the Umum Terbatas I pada tanggal 15 Juni 2012 Limited Public Offering I on June 15, 2012 (Catatan 1 dan 23), jumlah dan harga (Notes 1 and 23), the number and exercise price pelaksanaan Waran Seri I yang belum of unexercised Series I warrants have been dikonversi disesuaikan menjadi 120.646.622 adjusted to become 120,646,622 warrants at waran dengan harga pelaksanaan sebesar new exercise price at Rp 149 (in full Rupiah). Rp 149 (dalam Rupiah penuh) per lembar saham.

Selama tahun 2014 dan 2013, sebanyak In 2014 and 2013, 19,075,400 and 7,569,399 19.075.400 dan 7.569.399 Waran Seri I telah Series I Warrant respectively, had been dikonversi menjadi 19.075.400 dan 7.569.399 converted to 19,075,400 and 7,569,399 shares, saham dengan jumlah penerimaan sebesar respectively, with total proceeds of Rp 2,842 and Rp 2.842 dan Rp 1.128. Rp 1,128, respectively.

Jumlah Waran Seri I yang belum dikonversikan As of December 31, 2014 and 2013, there are menjadi saham sebanyak 94.001.823 dan 94,001,823 and 113,077,223 unexercised Series 113.077.223 pada tanggal 31 Desember 2014 I Warrant, respectively. dan 2013.

- 87 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Pada tanggal 15 Juni 2012, Perusahaan On June 15, 2012, the Company issued attached menerbitkan Waran Seri II secara cuma-cuma 2,996,614,532 Series II Warrants, free of charge, sejumlah 2.996.614.532 waran yang melekat to be issued in the Limited Public Offering I. pada saham yang diterbitkan dalam rangka Each holder of fifty three (53) new shares of the Penawaran Umum Terbatas I. Setiap Company is entitled to one hundred thirty two pemegang lima puluh tiga (53) saham baru (132) warrants where each one (1) warrant Perusahaan berhak memperoleh seratus tiga entitles the holder to purchase one (1) new share puluh dua (132) waran dimana setiap of the Company at an exercise price at satu (1) waran memberikan hak kepada Rp 250 (in full Rupiah) per share and can be pemegangnya untuk membeli satu (1) exercised from January 11, 2013 until June 29, saham baru Perusahaan dengan harga 2017. pelaksanaannya sebesar Rp 250 (dalam Rupiah penuh) dan dapat dikonversi menjadi saham mulai tanggal 11 Januari 2013 sampai dengan 29 Juni 2017.

Selama tahun 2014 dan 2013, sebanyak In 2014 and 2013, 7,676,037 and 2,825,475,801 7.676.037 dan 2.825.475.801 Waran Seri II Series II Warrant, respectively, had been telah dikonversi menjadi 7.676.037 dan converted to 7,676,037 and 2,825,475,861 2.825.475.861 saham dengan jumlah shares with total proceeds of Rp 1,918 and penerimaan sebesar Rp 1.918 dan Rp 706.368. Rp 706,368.

Jumlah Waran Seri II yang belum dikonversikan As of December 31, 2014 and 2013, there are menjadi saham sebanyak 163.462.634 dan 163,462,634 and 171,138,671 unexercised 171.138.671 pada tanggal 31 Desember 2014 Series II Warrants, respectively. dan 2013.

25. Pendapatan Bunga dan Bagi Hasil 25. Interest Revenue and Profit Sharing

2014 2013

Rupiah Rupiah Kredit yang diberikan 1.492.662 1.130.737 Loans Penempatan pada bank lain Placements with other banks dan Bank Indonesia 94.622 76.473 and Bank Indonesia Efek-efek 68.928 57.650 Securities Giro pada bank lain 5.679 5.037 Demand deposits with other banks Efek yang dibeli dengan Securities purchased under janji jual kembali 6.764 4.542 agreements to resell Jumlah 1.668.655 1.274.439 Subtotal

Mata uang asing Foreign currencies Kredit yang diberikan 105.483 89.535 Loans Efek-efek 17.605 23.695 Securities Penempatan pada bank lain Placements with other banks dan Bank Indonesia 1.038 2.049 and Bank Indonesia Giro pada bank lain 1.725 429 Demand deposits with other banks Jumlah 125.851 115.708 Subtotal

Jumlah 1.794.506 1.390.147 Total

Pendapatan bunga dan bagi hasil yang diterima Interest revenue and profit sharing received from dari pihak berelasi selama tahun 2014 dan 2013 related parties amounted to Rp 28,964 and masing-masing sebesar Rp 28.964 dan Rp 53,633, respectively, or 1.61% and 3.86% of Rp 53.633 atau masing-masing 1,61% dan total interest revenue and profit sharing earned in 3,86% dari jumlah pendapatan bunga dan bagi 2014 and 2013, respectively (Note 33). hasil (Catatan 33).

Termasuk dalam pendapatan bunga dan bagi Included in interest income and profit sharing is hasil selama tahun 2014 dan 2013 adalah bagi income from syaria transactions amounting to hasil transaksi syariah masing-masing sebesar Rp 203,188 and Rp 115,013 in 2014 and 2013, Rp 203.188 dan Rp 115.013. respectively.

- 88 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

26. Beban Bunga dan Bagi Hasil 26. Interest Expense and Profit Sharing

2014 2013

Rupiah Rupiah Deposito berjangka 392.357 226.914 Time deposits Tabungan 262.564 215.077 Savings deposits Giro 56.959 52.924 Demand deposits Premi penjaminan Pemerintah Premium on Government (Catatan 42g) 31.454 27.640 guarantee (Note 42g) Simpanan dari bank lain 30.574 1.780 Deposits from other banks Jumlah 773.908 524.335 Subtotal

Mata uang asing Foreign currencies Deposito berjangka 27.053 34.789 Time deposits Giro 5.905 4.651 Demand deposits Simpanan dari bank lain 15 12 Deposits from other banks Jumlah 32.973 39.452 Subtotal

Jumlah 806.881 563.787 Total

Pada tahun 2014 dan 2013, bunga yang Interest expense and profit sharing to related dibayar kepada pihak berelasi masing-masing parties amounted to Rp 128,858 and sebesar Rp 128.858 dan Rp 107.073 atau Rp 107,073, respectively, or 15.97% and 18.99% masing-masing 15,97% dan 18,99% dari jumlah of total interest expense and profit sharing in beban bunga dan bagi hasil (Catatan 33). 2014 and 2013, respectively (Note 33).

Pada tanggal 31 Desember 2014 dan 2013, Included in interest expense and profit sharing in termasuk dalam beban bunga dan bagi hasil 2014 and 2013 are expenses of sharia adalah bagi hasil transaksi syariah masing- transactions amounting to Rp 72,599 and masing sebesar Rp 72.599 dan Rp 31.873. Rp 31,873, respectively.

27. Beban Umum dan Administrasi 27. General and Administrative Expenses

2014 2013

Umum 172.680 136.840 General Perbaikan dan pemeliharaan 79.759 54.517 Repairs and maintenance Komunikasi 68.005 64.798 Communications Sewa gedung 55.343 51.461 Building rent Cetakan dan alat tulis 51.630 51.493 Printing and stationery Transportasi 51.770 30.063 Transportation Riset dan pengembangan 26.378 5.392 Research and development Promosi 22.021 18.272 Promotions Listrik dan air 21.599 16.477 Electricity and water Pendidikan dan pengembangan 18.812 16.092 Education and training Perjalanan dinas 9.381 9.114 Travel Imbalan kerja jangka panjang Long term employee benefits (Catatan 37) 5.986 8.810 expense (Note 37) Asuransi 2.782 3.752 Insurance Jasa profesional 2.712 2.143 Professional fees

Jumlah 588.858 469.224 Total

- 89 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Beban umum dan administrasi yang dibayar General and administrative expenses incurred kepada pihak berelasi pada tahun 2014 dan with related parties amounted to Rp 90,541 and 2013 masing-masing sebesar Rp 90.541 dan Rp 97,130 in 2014 and 2013, respectively, or Rp 97.130 atau masing-masing 15,38% dan 15.38% and 20.70% of total general and 20,70% dari beban umum dan administrasi administrative expenses (Note 33). (Catatan 33).

28. Beban Tenaga Kerja 28. Personnel expenses

2014 2013

Gaji 203.779 168.748 Salaries Tunjangan Hari Raya 17.249 15.671 Allowances for Hari Raya Tunjangan lainnya 115.791 97.533 Other allowances

Jumlah 336.819 281.952 Total

29. Pendapatan Operasional Lainnya – Lain-lain 29. Other Operating Revenue - Others

2014 2013

Keuntungan lelang AYDA 3.914 61 Collateral auction Income Keuntungan penjualan aset tetap - bersih Gain on sale of premises and (Catatan 14) - 102 equipment (Note 14) Keuntungan penjualan aset tetap yang Gain on sale of unused premises and tidak digunakan (Catatan 16) - 66 and equipment (Note 16) Penerimaan kembali tagihan sehubungan Recoveries of receivables from dengan Bank Indover (Catatan 16) 234 - Bank Indover (Note 16) Lain-lain 10.527 1.943 Others

Jumlah 14.675 2.172 Total

30. Beban Operasional Lainnya – Lain-lain 30. Other Operating Expenses – Others

2014 2013

Beban tanggung jawab sosial 630 1.277 Corporate social responsibilty Kerugian penjualan aset tetap (Catatan 14) 16 - Loss from sale of fixed assets (Note 14) Lain-lain 1.032 2.022 Others

Jumlah 1.678 3.299 Total

31. Pajak Penghasilan 31. Income Tax

a. Beban pajak terdiri dari: a. Tax expense consists of the following:

2014 2013

Pajak kini 24.256 42.222 Current tax Pajak tangguhan 21.707 22.778 Deferred tax

Jumlah 45.963 65.000 Total

- 90 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

b. Pajak Kini b. Current Tax

Rekonsiliasi antara laba sebelum pajak A reconcilliation between income before tax menurut laporan laba rugi komprehensif per statements of comprehensive income dengan laba kena pajak adalah sebagai and taxable income is as follows: berikut:

2014 2013

Laba sebelum pajak menurut laporan Income before tax per statements laba rugi komprehensif 200.895 286.100 of comprehensive income

Perbedaan temporer: Temporary differences: Pemulihan penurunan nilai Reversal of impairment aset keuangan - bersih (115.807) (62.289) losses on assets - net Amortization on discounting of financial Amortisasi diskonto instrumen keuangan 103 (218) instruments Imbalan kerja jangka panjang - bersih 580 2.110 Long-term employee benefits Penyusutan aset tetap 6.589 (38.857) Depreciation of premises and equipment Jumlah (108.535) (99.254) Net

Perbedaan tetap: Permanent differences: Natura 18.375 13.952 Benefits-in-kind Lain-lain 10.545 10.313 Others Jumlah 28.920 24.265 Total

Laba kena pajak 121.280 211.111 Taxable Income

Rincian beban dan utang pajak kini adalah Current tax expense and payable are sebagai berikut: computed as follows:

2014 2013

Beban pajak kini 24.256 42.222 Current tax expense Dikurangi pembayaran pajak dimuka Pajak penghasilan pasal 25 17.163 26.517 Less prepaid income tax - Article 25 Utang pajak kini (Catatan 20) 7.093 15.705 Current tax payable (Note 20)

Laba kena pajak dan beban pajak kini The taxable income and current tax expense tahun 2013 telah sesuai dengan Surat of the Company in 2013 are in accordance Pemberitahuan Tahunan (SPT) yang with the corporate income tax return filed in disampaikan ke Kantor Pelayanan Pajak. the Tax Office.

c. Pajak Tangguhan c. Deferred Tax

Rincian dari aset dan liabilitas pajak The details of the Company’s deferred tax tangguhan Perusahaan adalah sebagai assets and liabilities are as follows: berikut:

Dikreditkan Dikreditkan (dibebankan) (dibebankan) ke laporan ke laporan laba rugi laba rugi komprehensif/ komprehensif/ Credited in Credited in 1 Januari (charged to) 31 Desember (charged to) 31 Desember 2013/ statement of 2013/ statement of 2014/ January 1, comprehensive December 31, comprehensive December 31, 2013 income 2013 income 2014

Aset pajak tangguhan: Deferred tax assets: Amortisasi diskonto instrumen Amortization on discounting keuangan 391 (43) 348 20 368 of financial instrument Imbalan kerja jangka panjang 3.484 422 3.906 116 4.022 Long-term employee benefit Jumlah 3.875 379 4.254 136 4.390 Total

- 91 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Dikreditkan Dikreditkan (dibebankan) (dibebankan) ke laporan ke laporan laba rugi laba rugi komprehensif/ komprehensif/ Credited in Credited in 1 Januari (charged to) 31 Desember (charged to) 31 Desember 2013/ statement of 2013/ statement of 2014/ January 1, comprehensive December 31, comprehensive December 31, 2013 income 2013 income 2014

Deferred tax liability - Liabilitas pajak tangguhan - Accumulated depreciation of Penyusutan aset tetap (31.310) (7.772) (39.082) 1.317 (37.765) premises and equipment Cadangan kerugian penurunan Allowances for impairment nilai aset produktif (12.128) (15.385) (27.513) (23.160) (50.673) losses on earning assets Jumlah (43.438) (23.157) (66.595) (21.843) (88.438) Total

Jumlah liabilitas pajak tangguhan - Bersih (39.563) (22.778) (62.341) (21.707) (84.048) Deferred tax liabilities - net

Pada bulan Desember 2007, Pemerintah In December 2007, the Government issued mengeluarkan aturan penurunan tarif pajak a regulation relating to a tax rate reduction penghasilan sebesar 5% dari tarif pajak of 5% from the applicable tax rates for penghasilan yang berlaku efektif 1 Januari publicly listed entities effective January 1, 2008 untuk Perseroan Terbuka, apabila 2008, if they comply with certain syarat-syarat tertentu mengenai komposisi requirements relating to shareholding pemegang saham terpenuhi. Efektif tanggal composition. Effective on November 21, 21 November 2013, peraturan ini telah 2013, regulation has changed with digantikan dengan PP No. 77 Tahun 2013 PP No. 77 Tahun 2013 with certain dengan tambahan persyaratan tertentu additional requirement has provided a tax dapat memperoleh penurunan tarif pajak rate reduction of 5%. penghasilan sebesar 5%.

Rekonsiliasi antara beban pajak dan hasil A reconciliation between the total tax perkalian laba akuntansi sebelum pajak expense and the amounts computed by dengan tarif pajak yang berlaku dalam applying the effective tax rates to income laporan laba rugi komprehensif adalah before tax per statements of comprehensive sebagai berikut: income is as follows:

2014 2013

Laba sebelum beban pajak menurut Income before tax per statements laporan laba rugi komprehensif 200.895 286.100 of comprehensive income

Beban pajak penghasilan dengan tarif pajak yang berlaku 40.179 57.220 Income tax expense at prevailing tax rate

Pengaruh pajak atas perbedaan tetap: Tax effects of permanent differences: Natura 3.675 2.790 Benefits-in-kind Lain-lain 2.109 2.063 Others Jumlah - bersih 5.784 4.853 Net Jumlah 45.963 62.073 Subtotal

Koreksi atas pajak tangguhan - 2.927 Adjustment on deferred tax Jumlah beban pajak 45.963 65.000 Total

- 92 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

32. Laba per Saham Dasar 32. Earnings per Share

2014 2013

Laba bersih 154.932 221.100 Net income

Rata-rata tertimbang jumlah saham Weighted average number of shares outstanding untuk perhitungan laba per saham dasar 13.130.202.612 12.372.307.413 for computation of basic earnings per share

Rata-rata tertimbang jumlah saham Weighted average number of shares outstanding untuk perhitungan laba per saham dilusian 13.401.141.916 13.401.097.392 for computation of diluted earnings per share

Laba bersih per saham Earnings per share (dalam Rupiah penuh) (in full Rupiah) Dasar 11,80 17,87 Basic Dilusian 11,56 16,50 Diluted

Rata-rata tertimbang jumlah saham beredar The weighted average of shares outstanding for untuk perhitungan laba per saham dilusian computation of diluted earnings per share in tahun 2014 dan 2013 telah memperhitungkan 2014 and 2013 has considered the effects of efek berpotensi saham biasa yang dilutif yakni dilutive potential shares of Series I Warrants and Waran Seri I dan Waran Seri II (Catatan 24). Series II Warrants (Note 24).

33. Sifat dan Transaksi Pihak Berelasi 33. Nature of Relationship and Transactions with Related Parties

Sifat Pihak Berelasi Nature of Relationship

Selain karyawan kunci, pihak berelasi dengan Other than the key management personnel, the Perusahaan adalah perusahaan-perusahaan related parties of the Company represent yang berada dalam Grup Sinar Mas: companies under the Sinar Mas Group:

a. Pemegang saham (termasuk pemegang a. Stockholders (include ultimate stockholder). saham akhir) Perusahaan.

PT Sinarmas Multiartha Tbk dan PT Shinta PT Sinarmas Multiartha Tbk and PT Shinta Utama. Utama.

b. Perusahaan-perusahaan yang dimiliki b. Companies owned by stockholders, either secara langsung atau tidak langsung oleh direct or indirect. pemegang saham Perusahaan.

c. Perusahaan-perusahaan yang dikendalikan c. Companies controlled by close family oleh anggota keluarga dekat pemegang members of stockholders and key saham dan manajemen kunci Perusahaan. management personnel.

Transaksi Pihak Berelasi Transactions with of Related Parties

Dalam kegiatan usahanya, Perusahaan juga In the normal course of business, the Company melakukan transaksi-transaksi tertentu dengan entered into certain transactions with related pihak-pihak berelasi yang meliputi antara lain: parties involving the following:

- 93 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

a. Transaksi aset dan liabilitas dengan pihak a. Accounts involved in transactions with berelasi adalah sebagai berikut: related parties are as follows:

2014 2013 Persentase Persentase terhadap jumlah terhadap jumlah aset/liabilitas/ aset/liabilitas/ Percentage of Percentage of Jumlah/ total assets/ Jumlah/ total assets/ Total liabilities Total liabilities %%

Aset Assets

Kredit Loans PT Lontar Papyrus Pulp PT Lontar Papyrus Pulp & Paper Industry 812.137 3,82 921.475 5,28 & Paper Industry Salis Teguh Hartono 1.336 0,01 1.497 0,00 Salis Teguh Hartono Hermawan Hosein 1.096 0,01 - - Hermawan Hosein Heru Agus Wuryanto 1.260 0,01 Heru Agus Wuryanto Kenny Santoso - - 9.899 0,06 Kenny Santoso PT Maritim Sinar Utama - - 7.903 0,05 PT Maritim Sinar Utama Lain - lain (dibawah Rp 1.000) 2.951 0,01 3.904 0,02 Others (under Rp 1,000) 818.780 3,85 944.678 5,41

Pendapatan bunga akrual 404 0,00 482 0,00 Accrued interest revenue Biaya dibayar dimuka 21.956 0,10 33.997 0,19 Prepaid expenses Aset lain - lain 18.416 0,09 52.352 0,30 Other assets

Liabilitas Liabilities Liabilitas segera 7.632 0,04 619 0,00 Immediately liabilities Simpanan 3.063.863 16,93 3.299.063 22,45 Deposits Simpanan dari bank lain 17.336 0,10 36.199 0,24 Deposits from other banks Beban bunga akrual 3.326 0,02 3.404 0,02 Accrued interest

b. Pada tanggal 31 Desember 2014 dan b. As of December 31, 2014 and 2013, 2013, sebesar Rp 2.210.212 dan Rp 2,210,212 and Rp 2,424,810, Rp 2.424.810 dari saldo kredit channeling respectively, of loan channeling were disalurkan melalui pihak berelasi disbursed through related parties (Note 9). (Catatan 9).

c. Pendapatan bunga dan bagi hasil yang c. Interest income and profit sharing from diterima dari pihak berelasi untuk tahun related parties amounted to Rp 28,964 and 2014 dan 2013 masing-masing sebesar Rp 53,633, or 1.61% and 3.86% of total Rp 28.964 dan Rp 53.633, atau masing- interest income and profit sharing in 2014 masing 1,61% dan 3,86% dari jumlah and 2013, respectively (Note 25). pendapatan bunga dan bagi hasil (Catatan 25).

d. Beban bunga dan bagi hasil yang dibayar d. Interest expense and profit sharing paid to kepada pihak berelasi untuk tahun 2014 related parties amounted to Rp 128,858 and dan 2013 masing-masing sebesar Rp 107,073 or 15.97% and 18.99% of total Rp 128.858 dan Rp 107.073, atau masing- interest expense and profit sharing in 2014 masing 15,97% dan 18,99% dari jumlah and 2013, respectively (Note 26). beban bunga dan bagi hasil (Catatan 26).

e. Beban umum dan administrasi yang e. General and administrative expenses dibayar kepada pihak berelasi untuk tahun incurred with related parties amounted to 2014 dan 2013 masing-masing sebesar Rp 90,541 and Rp 97,130 or 15.38% and Rp 90.541 dan Rp 97.130 atau masing- 20.70% of total general and administrative masing 15,38% dan 20,70% dari jumlah expenses in 2014 and 2013, respectively beban umum dan administrasi (Note 27). (Catatan 27).

- 94 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

f. Perusahaan memberikan kompensasi f. The Company provides compensation to kepada karyawan kunci. Imbalan yang the key management personnel. The diberikan kepada direksi dan anggota renumeration of directors and other manajemen kunci lainnya adalah sebagai members of key management during the berikut: years were as follows:

2014 Personil Dewan manajemen Komisaris/ kunci lainnya/ Direksi/ Board of Management Directors Commissioners Personnel %Rp%Rp% Rp

Gaji dan imbalan kerja Salary and other short-term jangka pendek 100 8.776 100 2.301 90,69 31.575 employee benefits Imbalan pesangon -- -- 9,31 3.243 Termination benefits

Jumlah 100 8.776 100 2.301 100 34.818 Total

2013 Personil Dewan manajemen Komisaris/ kunci lainnya/ Direksi/ Board of Management Directors Commissioners Personnel %Rp%Rp% Rp

Gaji dan imbalan kerja Salary and other short-term jangka pendek 100 7.000 100 2.204 93,21 27.772 employee benefits Imbalan pesangon -- -- 6,79 2.022 Termination benefits

Jumlah 100 7.000 100 2.204 100 29.794 Total

g. Pada tanggal 31 Desember 2014 dan g. As of December 31, 2014 and 2013, 2013, saldo transaksi komitmen dan the total commitments and contingent kontinjensi (berupa L/C dan bank garansi) transactions (which consist of letters dengan pihak berelasi masing-masing of credit and bank guarantees) with related sebesar Rp 196.655 dan Rp 138.818 parties amounted to Rp 196,655 and (Catatan 34). Saldo jaminan tunai dari Rp 138,818, respectively (Note 34). The pihak berelasi sehubungan dengan outstanding marginal deposits from related transaksi L/C dan bank garansi pada parties relating to the letters of credit and tanggal 31 Desember 2014 dan 2013 bank guarantees amounted to Rp 14,500 masing-masing sebesar Rp 14.500 dan and Rp 14,500 as of December 31, 2014 Rp 14.500. and 2013, respectively.

h. Pada tanggal 31 Desember 2014 dan h. As of December 31, 2014 and 2013, all 2013, aset tetap Perusahaan, kecuali property, plant and equipment, except for tanah diasuransikan kepada PT Asuransi land, are insured with PT Asuransi Sinar Sinar Mas dengan nilai pertanggungan Mas with a total coverage amounting to seluruhnya masing-masing sebesar Rp 685,838 and Rp 657,697, respectively Rp 685.838 dan Rp 657.697 (Catatan 14). (Note 14).

- 95 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

34. Komitmen dan Kontinjensi 34. Commitments and Contingencies

a. Komitmen pembelian dan penjualan tunai a. Spot and forward purchases and sales of mata uang asing foreign currencies

2014 2013

Pembelian tunai mata uang asing Spot and forward contracts (spot dan forward) to purchased of foreign currencies Dolar Amerika Serikat 92.888 121.700 U.S.Dollar Yen Jepang - 36.423 Japanese Yen Jumlah 92.888 158.123 Total

Penjualan tunai mata uang asing Spot and forward contracts (spot dan forward) to sell of foreign currencies Dolar Amerika Serikat 92.888 109.530 U.S.Dollar Dolar Singapura 609 - Singapore Dollar Dolar Australia 304 - Australian Dollar Yen Jepang - 36.347 Japanese Yen Euro - 5.028 Euro Jumlah 93.801 150.905 Total

Transaksi spot dan forward di atas akan The above spot and forward transactions selesai masing-masing dalam 1 hari are normally settled in 1 day to 3 days, 3 sampai 3 hari, 3 hari sampai 103 hari dan days to 103 days and 5 days to 71 days, 5 hari sampai 71 hari. respectively.

b. Perusahaan memiliki tagihan dan liabilitas b. The Company has commitments and komitmen dan kontinjensi dalam rangka contingent receivables and liabilities under ekspor-impor, pemberian garansi dan export-import transaction, guarantees given, pemberian kredit kepada nasabah dengan and loans given to customers as follows: rincian sebagai berikut:

2014 2013

Komitmen Commitments

Liabilitas Komitmen Commitment Liabilities

Fasilitas kredit kepada nasabah Unused loan commitments granted yang belum digunakan 486.114 265.516 to customers Irrevocable letters of credit 17.824 67.942 Irrevocable letters of credit Jumlah 503.938 333.458 Total

Kontinjensi Contingencies

Tagihan Kontinjensi Contingent Receivables Pendapatan bunga dalam penyelesaian 76.770 27.934 Past due interest revenues

Liabilitas Kontinjensi Contingent Liabilities Bank garansi 1.049.744 921.253 Bank guarantees Jumlah - bersih (972.974) (893.319) Net

- 96 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, 2013, saldo transaksi komitmen dan commitment and contingent transactions kontinjensi berupa L/C dan bank garansi consisting of letters of credit and bank dengan pihak berelasi masing-masing guarantees with related parties amounted to sebesar Rp 196.655 dan Rp 138.818 Rp 196,655 and Rp 138,818, respectively (Catatan 33). (Note 33).

Pada tanggal 31 Desember 2014 dan As of December 31, 2014 and 2013, the 2013, jangka waktu untuk L/C masing- average terms of letters of credit are masing berkisar antara 1 – 5 bulan dan from 1 month until 5 months and from 1 – 9 bulan, sedangkan untuk bank 1 month until 9 months, respectively, while garansi masing-masing berkisar antara for bank guarantees are from 14 days - 14 hari – 38 bulan dan 14 hari - 39 bulan. 38 months and 14 day - 39 months, respectively.

Saldo L/C yang dijamin dengan jaminan Letters of credit outstanding secured by tunai pada tanggal 31 Desember 2014 cash collateral as of December 31, 2014 dan 2013 masing-masing adalah sebesar and 2013 amounted to Rp 16,344 Rp 16.344 dan Rp 48.399 (Catatan 18). and Rp 48,399, respectively (Note 18).

Saldo bank garansi yang dijamin dengan Bank guarantees secured by cash collateral jaminan tunai pada tanggal 31 Desember as of December 31, 2014 and 2013 2014 dan 2013 masing-masing adalah amounted to Rp 218,766 and Rp 225,136, sebesar Rp 218.766 dan Rp 225.136 respectively (Note 18). (Catatan 18).

35. Aset dan Liabilitas dalam Mata Uang Asing 35. Monetary Assets and Liabilities Denominated in Foreign Currencies

a. Posisi aset dan liabilitas dalam mata uang a. The balances of monetary assets and asing adalah sebagai berikut: liabilities denominated in foreign currencies at balance sheet dates are as follows:

Ekuivalen Rp/ Equivalent Rp 2014 2013

Aset Assets Kas USD 39.179 23.833 Cash SGD 6.987 2.819 CNY 1.762 1.944 AUD 242 671 EUR 470 460 JPY 63 372 HKD 88 129 GBP 5 21 Demand deposits with Bank Giro pada Bank Indonesia USD 359.642 418.154 Indonesia Giro pada bank lain USD 119.746 109.955 Demand deposits with other banks SGD 22.759 33.114 EUR 19.229 26.649 CNY 38.931 18.397 AUD 39.713 16.946 GBP 222 1.634 JPY 395 1.477 HKD 395 657

- 97 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Ekuivalen Rp/ Equivalent Rp 2014 2013

Aset Assets Penempatan pada bank lain Placements with other banks and dan Bank Indonesia USD 245.669 1.162.313 Bank Indonesia Efek-efek USD 311.458 414.144 Securities EUR 1.379 - CNY - 20.740 Kredit USD 2.559.425 1.406.687 Loans SGD 1.697 1.475 Tagihan akseptasi USD 30.821 238.324 Acceptance receivable Pendapatan bunga akrual USD 6.895 7.254 Interest receivable Aset lain-lain USD 2.450 13.523 Other assets EUR 754 1.101

Jumlah Aset 3.810.374 3.922.793 Total

Liabilitas Liabilities Liabilitas segera USD 607 2.653 Liabilities immediately payable SGD 280 - EUR 6 - Simpanan USD 3.527.605 3.377.598 Deposits CNY 40.569 39.935 SGD 30.334 34.510 AUD 39.861 16.133 EUR 18.179 11.983 JPY 473 539 Simpanan dari bank lain USD 76.450 33.069 Deposits from other banks EUR 2.811 3.130 Liabilitas akseptasi USD 30.821 238.324 Acceptance payable Beban bunga akrual USD 2.150 2.767 Accrued interest SGD 2 1 AUD 66 37 CNY 59 41 Liabilitas lain-lain USD 72 61 Other liabilities SGD 10 16

Jumlah Liabilitas 3.770.355 3.760.797 Total liabilities

Aset - Bersih 40.019 161.996 Net - Assets

- 98 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

b. Posisi Devisa Neto (PDN) b. Net Open Position (NOP)

Berikut ini disajikan rincian posisi Following is the Company’s net open devisa neto Perusahaan sebagaimana position as submitted to Bank Indonesia: disampaikan Perusahaan kepada Bank Indonesia:

31 Desember 2014/December 31, 2014 Laporan Posisi Keuangan dan Rekening Administratif/ Statements of Financial Position Bersih and Administrative Account Absolut/ Aset/ Liabilitas/ Net Mata Uang Assets Liabilities Absolute Currencies Dolar Amerika Serikat 3.697.721 3.693.529 4.192 United States Dollar Poundsterling Inggris 338 54 284 Great Britain Poundsterling Yen Jepang 486 473 13 Japanese Yen Dolar Hong Kong 484 - 484 Hong Kong Dollar Euro 21.080 20.997 83 Euro Dolar Singapura 31.132 31.481 349 Singapore Dollar Dolar Australia 40.259 40.246 13 Australian Dollar Yuan China 40.692 40.632 60 China Yuan Jumlah 3.832.192 3.827.412 5.478 Total

31 Desember 2013/December 31, 2013 Laporan Posisi Keuangan dan Rekening Administratif/ Statements of Financial Position Bersih and Administrative Account Absolut/ Aset/ Liabilitas/ Net Mata Uang Assets Liabilities Absolute Currencies Dolar Amerika Serikat 3.759.938 3.752.359 7.579 United States Dollar Poundsterling Inggris 1.656 51 1.605 Great Britain Poundsterling Yen Jepang 38.274 36.886 1.388 Japanese Yen Dolar Hong Kong 787 - 787 Hong Kong Dollar Euro 23.757 21.146 2.611 Euro Dolar Singapura 37.929 34.822 3.107 Singapore Dollar Dolar Australia 17.616 16.177 1.439 Australian Dollar Yuan China 41.082 40.028 1.054 China Yuan Jumlah 3.921.039 3.901.469 19.570 Total

Posisi devisa neto pada tanggal Net open position as of December 31, 2014 31 Desember 2014 dan 2013 dihitung and 2013 is computed in accordance berdasarkan Peraturan Bank Indonesia. with the Bank Indonesia Regulation. The Rasio PDN Perusahaan pada tanggal NOP ratio as of December 31, 2014 and 31 Desember 2014 dan 2013 masing- 2013 are 0.18% and 0.75%, respectively. masing adalah sebesar 0,18% dan 0,75%.

- 99 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

36. Nilai Wajar Aset Keuangan dan Liabilitas 36. Fair Value of Financial Assets and Liablities Keuangan

Nilai wajar adalah nilai dimana suatu instrumen Fair value is defined as the amount at which the keuangan dapat dipertukarkan antara pihak financial instruments could be exchanged in a yang memahami dan berkeinginan untuk current transaction between knowledgeable, melakukan transaksi wajar, dan bukan willing parties in an arm’s length transaction, merupakan nilai penjualan akibat kesulitan other than in a forced sale or liquidation. Fair keuangan atau likuidasi yang dipaksakan. Nilai values are obtained from quoted prices, wajar diperoleh dari kuotasi harga atau model discounted cash flows model, as appropriate. arus kas diskonto.

Berikut adalah nilai tercatat aset keuangan dan The carrying values and the estimated fair values estimasi nilai wajar Perusahaan dari aset of the Company’s of financial assets and keuangan dan liabilitas keuangan (tidak financial liabilities (excluding Sharia accounts) at termasuk akun Syariah) pada tanggal December 31, 2014 and 2013 are as follows: 31 Desember 2014 dan 2013 adalah sebagai berikut:

2014 2013 Estimasi Nilai Estimasi Nilai Wajar/ Wajar/ Nilai Tercatat/ Estimated Fair Nilai Tercatat/ Estimated Fair Carrying value value Carrying value value

Aset Keuangan Financial Assets Diukur pada nilai wajar melalui laporan laba rugi Fair value throughprofit loss Efek-efek - - 20.000 20.000 Securities Tagihan derivatif - - 28 28 Derivative receivable Dimiliki hingga jatuh tempo Held-to-maturity Efek-efek 1.121.957 1.169.207 833.217 884.020 Securities Penempatan pada bank lain dan Placements with other banks and Bank Indonesia 1.425.679 1.425.679 915.451 915.451 Bank Indonesia Tersedia untuk dijual Available-for-sale Efek-efek 77.650 77.650 143.489 143.489 Securities Pinjaman diberikan dan piutang Loans and receivable Kas 370.991 370.991 375.908 375.908 Cash Giro pada Bank Indonesia 1.486.750 1.486.750 1.441.677 1.441.677 Demand deposits with Bank Indonesia Giro pada bank lain 379.910 379.910 247.772 247.772 Demand deposits with other banks Penempatan pada bank lain dan Placements with other banks and Bank Indonesia 265.669 265.669 593.813 593.813 Bank Indonesia Efek-efek 170.212 170.212 207.001 207.001 Securities Efek yang dibeli dengan janji jual Securities purchased under agreements kembali - - 139.212 139.212 to resell Kredit yang diberikan - bersih 12.519.290 12.840.948 9.924.090 10.179.778 Loans - net Tagihan akseptasi 67.836 67.836 238.324 238.324 Acceptance Receivable Pendapatan bunga akrual 83.429 83.429 73.261 73.261 Interest receivable Aset lain-lain 40.417 40.417 65.007 65.007 Other assets

Jumlah Aset Keuangan 18.009.790 18.378.698 15.218.250 15.524.741 Total Financial Assets

Liabilitas Keuangan Financial Liabilities Diukur pada nilai wajar melalui laba rugi Fair value through profit loss Liabilitas derivatif 63 63 - - Derivative liabilities Liabilitas Keuangan Lain-lain Other financial liability Liabilitas segera 137.605 137.605 235.999 235.999 Liabilities immediately payable Simpanan 15.514.394 15.514.394 13.191.478 13.191.478 Deposits Simpanan dari bank lain 609.287 609.287 256.674 256.674 Deposits from other banks Liabilitas akseptasi 67.836 67.836 238.324 238.324 Acceptance Payable Surat berharga yang diterbitkan 355 355 355 355 Securities issued Beban bunga akrual 31.930 31.930 16.925 16.925 Accrued interest Liabilitas lain-lain 4.856 4.856 3.651 3.651 Other liabilities

Jumlah Liabilitas Keuangan 16.366.326 16.366.326 13.943.406 13.943.406 Total Financial Liabilities

- 100 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Hirarki Nilai Wajar Fair Value Hierarchy

Tabel berikut mengungkapkan hirarki nilai wajar The following table discloses the fair value dari aset keuangan dan liabilitas keuangan hierarchy of financial assets and liabilities (tidak termasuk akun Syariah) pada tanggal (excluding Sharia accounts) as of December 31, 31 Desember 2014 dan 2013: 2014 and 2013:

31 Desember 2014/December 31, 2014 Tingkat 1/Level 1 Tingkat 2/Level 2 Jumlah/Total Aset Keuangan Aset keuangan yang diukur pada Financial Assets nilai wajar melalui laba rugi Financial assets at FVPL Efek-efek - - - Securities Tersedia untuk dijual AFS financial assets Efek-efek 77.650 - 77.650 Securities Jumlah Aset Keuangan 77.650 - 77.650 Total Financial Assets

Liabilitas Keuangan Liabilitas keuangan yang diukur pada Financial Liabilities nilai wajar melalui laba rugi Financial liabilities at FVPL Liabilitas derivatif - 63 63 Derivative liabilities Jumlah Aset Keuangan -63 63 Total Financial Liabilities

31 Desember 2013/December 31, 2013 Tingkat 1/Level 1 Tingkat 2/Level 2 Jumlah/Total Aset Keuangan Aset keuangan yang diukur pada Financial assets nilai wajar melalui laba rugi Financial assets at FVPL Efek-efek 20.000 - 20.000 Securities Tagihan derivatif - 28 28 Derivative receivables Tersedia untuk dijual AFS financial assets Efek-efek 143.489 - 143.489 Securities Jumlah Aset Keuangan 163.489 28 163.517 Total Financial assets

Nilai wajar instrumen keuangan yang The fair value of financial instruments traded in diperdagangkan di pasar aktif adalah active markets is based on quoted market prices berdasarkan kuotasi harga pasar pada tanggal at the reporting date. A market is regarded as pelaporan. Pasar dianggap aktif apabila kuotasi active if quoted prices are readily and regularly harga tersedia sewaktu-waktu dan dapat available from an exchange, dealer, or broker, diperoleh secara rutin dari bursa, pedagang industry group pricing service, or regulatory efek, perantara efek, kelompok industri atau agency, and those prices represent actual and badan penyedia jasa penentuan harga, atau regularly occurring market transaction on an badan pengatur, dan harga tersebut arm’s lengths basis. The quoted market price mencerminkan transaksi pasar yang aktual dan used for financial assets held by the Company is rutin dalam suatu transaksi yang wajar. Kuotasi the current bid price. These instruments are harga pasar yang digunakan untuk aset included in Level 1. Instruments included in keuangan yang dimiliki oleh Perusahaan adalah Level 1 comprise investments in bonds (including harga penawaran (bid price) terkini. Instrumen Government bonds) and ROI Loan classified as keuangan seperti ini termasuk dalam hirarki trading securities or available-for-sale. Tingkat 1. Instrumen yang termasuk dalam hirarki Tingkat 1 terdiri dari investasi dalam obligasi (termasuk obligasi Pemerintah) dan ROI Loan dan diklasifikasikan sebagai surat berharga tersedia untuk dijual atau diperdagangkan.

- 101 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Nilai wajar instrumen keuangan yang tidak The fair value of financial instruments that are diperdagangkan di pasar aktif ditentukan not traded in an active market is determined by menggunakan teknik penilaian. Teknik penilaian using valuation techniques. These valuation ini memaksimalkan penggunaan data pasar techniques maximize the use of observable yang dapat diobservasi yang tersedia dan market data where it is available and rely as little sesedikit mungkin mengandalkan estimasi as possible on entity’s specific estimates. If all spesifik yang dibuat oleh entitas. Jika seluruh significant inputs required to fair value an input signifikan yang dibutuhkan untuk instrument are observable, the instrument is menentukan nilai wajar dapat diobservasi, maka included in Level 2. Instrument included in Level instrumen tersebut termasuk dalam hirarki 2 is derivatives receivables. Tingkat 2. Instrumen yang termasuk dalam hirarki Tingkat 2 adalah tagihan derivatif.

Teknik penilaian spesifik yang digunakan untuk Specific valuation techniques used to value menentukan nilai wajar instrumen keuangan financial instruments is quoted market prices or adalah kuotasi harga pasar atau kuotasi harga dealer quotes for similar instruments. penjual untuk instrumen sejenis.

Metode dan asumsi berikut ini digunakan oleh The following methods and assumptions were Perusahaan untuk melakukan estimasi atas used by the Company to estimate the fair value nilai wajar setiap kelompok instrumen of each class of financial instrument for which it keuangan: is practicable to estimate such value:

 Nilai wajar efek-efek, kecuali Sertifikat  The fair values of securities, except for Bank Indonesia dan wesel ekspor pada Certificates of Bank Indonesia and export tanggal 31 Desember 2014 dan 2013 bills, as of December 31, 2014 and 2013 adalah berdasarkan harga pasar. Nilai are based on market prices. The fair wajar Sertifikat Bank Indonesia dan wesel values of Bank Indonesia Certificates and ekspor, adalah mendekati nilai tercatatnya export bills, are the same with their karena bersifat jangka pendek. carrying values due to their short-term in nature.

 Nilai wajar kredit yang diberikan pada  The fair values of loans as of tanggal 31 Desember 2014 dan 2013 December 31, 2014 and 2013 are adalah berdasarkan metode arus kas calculated based on the discounted cash diskonto menggunakan suku bunga efektif flows method using prevailing effective yang berlaku. rates.

 Nilai wajar aset keuangan selain efek-efek  The fair values of financial assets other dan kredit yang diberikan pada tanggal than securities and loans as of December 31 Desember 2014 dan 2013, adalah 31, 2014 and 2013, are the same with mendekati nilai tercatatnya karena bersifat their carrying value due to their short-term jangka pendek. in nature.

 Nilai wajar liabilitas keuangan pada  The fair values of financial liabilities tanggal 31 Desember 2014 dan 2013, withdrawable at any time, or with short- dengan fitur dapat ditarik sewaktu-waktu, term maturity at December 31, 2014 and atau jatuh tempo dalam jangka pendek 2013, approximately their carrying values. adalah sama dengan yang terutang pada saat penarikan yakni sebesar nilai tercatatnya.

- 102 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

37. Imbalan Pasca-Kerja 37. Post-Employment Benefits

Besarnya imbalan pasca-kerja dihitung The Company provides long-term employee berdasarkan peraturan yang berlaku, yakni benefits to its employee based on the Law Undang-undang No. 13 Tahun 2003 tanggal No. 13 Year 2003, dated March 25, 2003. 25 Maret 2003. Tidak terdapat pendanaan No funding of the benefits has been made to khusus yang disisihkan sehubungan dengan date. imbalan kerja jangka panjang tersebut.

Perhitungan aktuaria terakhir atas liabilitas The defined long-term employee benefits liability imbalan kerja jangka panjang dilakukan oleh was calculated based on the latest actuarial PT Ricky Leonard Jasatama, aktuaris valuation report dated February 19, 2015 from independen, dengan laporan terakhir tertanggal PT Ricky Leonard Jasatama, an independent 19 Februari 2015. actuary.

Jumlah karyawan yang berhak atas imbalan Number of eligible employees is 2,396 and 2,145 kerja jangka panjang tersebut masing-masing in 2014 and 2013, respectively. sebanyak 2.396 karyawan dan 2.145 karyawan tahun 2014 dan 2013.

Rekonsiliasi jumlah liabiitas imbalan kerja A reconciliation of the present value of long-term jangka panjang pada laporan posisi keuangan employee benefit liability presented in the adalah sebagai berikut: statements of financial position is as follows:

2014 2013 2012 2011 2010

Nilai kini liabilitas imbalan kerja Present value of unfunded jangka panjang yang tidak didanai 15.568 20.547 25.482 17.908 14.003 long-term employee benefits liability Keuntungan (kerugian) aktuarial yang tidak diakui 4.541 (1.018) (8.063) (6.333) (5.679) Unrecognized actuarial gain (losses)

Liabilitas imbalan kerja jangka panjang 20.109 19.529 17.419 11.575 8.324 Long-term employee benefits liability

Berikut adalah rincian beban imbalan kerja Details of long-term employee benefits expense jangka panjang: are as follows:

2014 2013

Beban jasa kini 4.946 7.152 Current service costs Beban bunga 1.040 1.442 Interest costs Amortisasi kerugian aktuarial -216Amortization of actuarial losses Jumlah beban imbalan kerja Total long-term employee benefits jangka panjang 5.986 8.810 expense

Beban imbalan kerja jangka panjang disajikan Long-term employee benefits expense is sebagai bagian dari “Beban umum dan presented as part of “General and administrative administrasi” (Catatan 27). expenses” (Note 27).

Mutasi liabilitas imbalan kerja jangka panjang Movements of long-term employee benefit adalah sebagai berikut: liability are as follows:

2014 2013

Liabilitas imbalan kerja jangka panjang Long-term employee benefits liability awal tahun 19.529 17.419 at beginning of the year Beban imbalan kerja jangka panjang Long-term employee benefits liability tahun berjalan 5.986 8.810 expense during the year Pembayaran selama tahun berjalan (5.406) (6.700) Payments made during the year Liabilitas imbalan kerja jangka panjang Long-term employee benefits liability akhir tahun 20.109 19.529 reserve at end of the year

- 103 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Asumsi-asumsi aktuarial utama yang digunakan Principal actuarial assumptions used in the dalam perhitungan imbalan kerja jangka valuation of the long-term employment benefits panjang: are as follows:

2014 dan/and 2013

Usia pensiun normal 55 tahun/55 years old Normal pension age Tingkat diskonto 8,5% per tahun pada tahun 2014 dan Discount rate 9,1% per tahun pada tahun 2013/ 8.5% per annum in 2014 and 9.1% per annum in 2013 Tingkat kenaikan gaji 0% per tahun pada tahun 2014 dan Future salary increases 2% per tahun pada tahun 2013/ 0% per annum in 2014 and 2% per annum in 2013 Tingkat perputaran karyawan 9% sampai dengan usia 40 tahun, Level of employee turnover kemudian menurun secara linear sampai dengan 0% pada saat usia 55 tahun/ 9% until 40 years old then decrease to 0% at 55 years old Tabel mortalita Tabel Mortalita Indonesia 3 pada tahun 2014 dan Mortality table Tabel Mortalita Indonesia 2 pada tahun 2013/ Indonesian 3 Mortality Table in 2014 and Indonesian 2 Mortality Table in 2013

38. Saldo Laba yang Ditentukan Penggunaannya 38. Appropriated Retained Earnings

Berdasarkan Rapat Umum Pemegang Saham In the Extraordinary Shareholders Meeting, yang didokumentasikan dalam Akta No. 44 which was stated in Deed No. 44 dated tanggal 13 Juni 2014 dari Aryanti Artisari, S.H, June 13, 2014 from Aryanti Artisari S.H, M.H., M.H., notaris di Jakarta, pemegang saham notary in Jakarta, the stockholders agreed to menyetujui untuk menyisihkan saldo laba appropriate retained earnings amounting to sebesar Rp 500 untuk cadangan umum. Rp 500 for general reserve.

Berdasarkan Rapat Umum Pemegang Saham In the Extraordinary Shareholders Meeting, yang didokumentasikan dalam Akta No. 31 which was stated in Deed No. 31 dated tanggal 10 Juni 2013 dari Aryanti Artisari, S.H, June 10, 2013 from Aryanti Artisari S.H, M.H., M.H., notaris di Jakarta, pemegang saham notary in Jakarta, the stockholders agreed to menyetujui untuk menyisihkan saldo laba appropriate retained earnings amounting to sebesar Rp 500 untuk cadangan umum. Rp 500 for general reserve.

Pada tanggal 31 Desember 2014 dan 2013, As fo December 31, 2014 and 2013, outstanding saldo laba yang ditentukan penggunaannya appropriate retained earnings for general reserve untuk cadangan umum adalah masing-masing amounted to Rp 5,000 and Rp 4,500, sebesar Rp 5.000 dan Rp 4.500. respectively.

39. Kontinjensi 39. Contingencies

Perusahaan menghadapi perkara hukum atau The Company is a party to certain lawsuits or gugatan yang timbul dari kegiatan normal claims arising from their ordinary course of usahanya. Manajemen Perusahaan bersama business. The Company’s management and dengan penasehat hukum berpendapat bahwa legal counsels believe that the eventual liabilities liabilitas akhir atas perkara hukum atau gugatan under these lawsuits or claims, if any, will not tersebut, jika ada, tidak memiliki pengaruh yang have a material effect on the financial material terhadap laporan keuangan. Oleh statements, thus, no provision has been made karena itu, tidak ada provisi yang dibentuk atas for these contingent liabilities. liabilitas kontinjensi tersebut.

- 104 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

40. Informasi Segmen 40. Segment Information

a. Segmen Usaha a. Operating Segments

Informasi segmen Perusahaan disajikan The Company’s segment information is berdasarkan jenis kegiatan usahanya, presented based on it’s business activities, yakni pemasaran dan kredit, treasuri, dan namely marketing and credit, treasury, and ekspor-impor. Kegiatan usaha tersebut trade finance. These business activities are menjadi dasar pelaporan informasi segmen the basis on which the Company reports its primer Perusahaan, sebagai berikut: operating segment information, as follows:

2014 Bank Umum/ Unit Usaha Syariah/ Commercial Bank Sharia Business Unit Pemasaran Pemasaran dan Kredit/ dan Kredit/ Marketing Treasuri/ Ekspor-impor/ Marketing Treasuri/ Jumlah/ and Credit Treasury Trade Finance and Credit Treasury Total

Pendapatan Revenues Interest revenues and Pendapatan bunga dan bagi hasil 1.401.901 189.417 - 196.244 6.944 1.794.506 profit sharing Pendapatan operasional lainnya 51.654 13.945 1.213 15.009 284 82.105 Other operating revenues Jumlah Pendapatan 1.453.555 203.362 1.213 211.253 7.228 1.876.611 Total Revenues

Beban Expenses Interest expense and Beban bunga dan bagi hasil 712.776 21.507 - 63.516 9.082 806.881 profit sharing Beban operasional lainnya 15.904 5.894 - 23.615 15 45.428 Other operating expenses Jumlah Beban 728.680 27.401 - 87.131 9.097 852.309 Total Expenses

Pendapatan segmen - bersih 1.024.302 Segment revenues - net Pendapatan yang tidak dapat dialokasikan 169.001 Unallocated revenues Beban yang tidak dapat dialokasikan 992.408 Unallocated expenses Laba sebelum pajak 200.895 Income before tax Beban pajak (45.963) Tax expense Laba bersih 154.932 Net Income

2013 Bank Umum/ Unit Usaha Syariah/ Commercial Bank Sharia Business Unit Pemasaran Pemasaran dan Kredit/ dan Kredit/ Marketing Treasuri/ Ekspor-impor/ Marketing Treasuri/ Jumlah/ and Credit Treasury Trade Finance and Credit Treasury Total Pendapatan Revenues Interest revenues and Pendapatan bunga dan bagi hasil 1.117.388 157.746 - 102.884 12.129 1.390.147 profit sharing Pendapatan operasional lainnya 86.189 10.760 2.919 5.958 2 105.828 Other operating revenues Jumlah Pendapatan 1.203.577 168.506 2.919 108.842 12.131 1.495.975 Total Revenues

Beban Expenses Interest expense and Beban bunga dan bagi hasil 530.614 1.300 - 31.381 492 563.787 profit sharing Beban operasional lainnya 446 5.062 - 2.479 121 8.108 Other operating expenses Jumlah Beban 531.060 6.362 - 33.860 613 571.895 Total Expenses

Pendapatan segmen - bersih 924.080 Segment revenues - net Pendapatan yang tidak dapat dialokasikan 169.412 Unallocated revenues Beban yang tidak dapat dialokasikan 807.382 Unallocated expenses Laba sebelum pajak 286.110 Income before tax Beban pajak 65.000 Tax expense Laba bersih 221.110 Net Income

- 105 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2014 Bank Umum/ Unit Usaha Syariah/ Commercial Bank Sharia Business Unit Pemasaran Pemasaran dan Kredit/ dan Kredit/ Marketing Treasuri/ Ekspor-impor/ Marketing Treasuri/ Jumlah/ and Credit Treasury Trade Finance and Credit Treasury Total

Aset Assets Aset segmen 12.849.226 4.985.870 68.591 1.799.904 105.882 19.809.473 Segment assets Aset yang tidak dapat dialokasikan 1.450.076 Unallocated assets Jumlah Aset 21.259.549 Total Assets

Liabilitas Liabilities Liabilitas segmen 16.216.346 1.081 67.837 1.431.836 156.910 17.874.010 Segment liabilities Liabilitas yang tidak dapat dialokasikan 225.057 Unallocated liabilities Jumlah Liabilitas 18.099.067 Total Liabilities

2013 Bank Umum/ Unit Usaha Syariah/ Commercial Bank Sharia Business Unit Pemasaran Pemasaran dan Kredit/ dan Kredit/ Marketing Treasuri/ Ekspor-impor/ Marketing Treasuri/ Jumlah/ and Credit Treasury Trade Finance and Credit Treasury Total

Aset Assets Aset segmen 10.253.770 4.561.257 239.425 1.092.656 61.462 16.208.570 Segment assets Aset yang tidak dapat dialokasikan 1.238.885 Unallocated assets Jumlah Aset 17.447.455 Total Assets

Liabilitas Liabilities Liabilitas segmen 13.499.032 883 238.324 627.583 7 14.365.829 Segment liabilities Liabilitas yang tidak dapat dialokasikan 327.366 Unallocated liabilities Jumlah Liabilitas 14.693.195 Total Liabilities

b. Segmen Geografis b. Geographical Segments

Pendapatan bunga berdasarkan wilayah Interest revenues based on geographical geografis adalah sebagai berikut: segments are as follows:

2014 2013

DKI Jakarta 1.211.986 850.933 Jakarta - Capital City Pulau Jawa (diluar Jakarta) 275.080 242.207 Java island (excluding Jakarta) Pulau Sumatera 144.083 162.896 Sumatera island Pulau Sulawesi dan Maluku 88.403 74.320 Sulawesi and Maluku island Pulau Bali dan Lombok 40.131 33.387 Bali and Lombok island Pulau Kalimantan 20.446 16.410 Kalimantan island Pulau Papua 14.377 9.994 Papua island

Jumlah 1.794.506 1.390.147 Total

Nilai tercatat aset segmen dan tambahan The carrying value of segment assets and atas aset tetap berdasarkan wilayah additions to premises and equipment geografis atau lokasi aset tersebut adalah classified based on geographical region or sebagai berikut: location of the assets are as follows:

Nilai Tercatat Aset Segmen/ Penambahan Aset Tetap/ Carrying Value of Segment Assets Additions to Premises and Equipment 2014 2013 2014 2013

DKI Jakarta 15.582.063 11.675.457 79.284 72.252 Jakarta - Capital City Pulau Jawa Java island (diluar Jakarta) 1.796.428 1.960.963 13.457 14.045 (excluding Jakarta) Pulau Sumatera 1.218.209 1.457.200 5.563 8.142 Sumatera island Pulau Sulawesi dan Maluku 606.359 653.394 1.152 5.112 Sulawesi and Maluku island Pulau Bali dan Lombok 330.611 241.278 1.504 3.033 Bali and Lombok island Pulau Papua 122.437 118.886 2.195 2.876 Papua island Pulau Kalimantan 153.366 101.392 1.913 1.547 Kalimantan island

Jumlah 19.809.473 16.208.570 105.068 107.007 Total

- 106 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

41. Tujuan dan Kebijakan Manajemen Risiko 41. Financial Risk Management Objectives and Keuangan Policies

Dalam melaksanakan kegiatannya, Perusahaan In the performance of its activities, the Company menyadari bahwa situasi lingkungan eksternal recognizes that both external and internal dan internal perbankan telah mengalami banking environment have been developed, perkembangan yang diikuti dengan semakin following the increase in complexity of risks in kompleksnya risiko kegiatan usaha perbankan the banking industry and necessity of a Good dan meningkatnya kebutuhan akan praktek tata Corporate Governance. As a response to the kelola yang sehat (Good Corporate condition of the Company’s environment, the Governance). Sebagai tanggapan Perusahaan Company has adopted a risk management policy terhadap kondisi tersebut, Perusahaan telah for the purpose of ensuring that any risks mengimplementasikan kerangka menajemen resulting from its operating activities are risiko secara terpadu yang dituangkan dalam identified, measured, managed, and reported. Kebijakan Penerapan Manajemen Risiko. This risk management policy would in turn Kerangka tersebut digunakan sebagai dasar generate benefits to the Company such as dalam menetapkan strategi, struktur organisasi, increased public and shareholders’ trust, kebijakan dan pedoman serta memperkuat increased accuracy in projection of future infrastruktur manajemen risiko guna performance, including any possibility of loss memastikan bahwa semua risiko yang dihadapi occurrence, and improved methods and Perusahaan dapat dikenali, diukur, processes of decision-making, as well as risk dikendalikan, dimitigasi dan dilaporkan dengan valuation, through the availability of updated baik. information, which eventually would increase the performance and competitive power of the Company.

Perusahaan terus berupaya mengembangkan The Company is continuously developing and fungsi manajemen risiko secara berkelanjutan, enhancing framework and internal control serta terus mengembangkan dan meningkatkan structure that is integrated and comprehensive to kerangka sistem pengelolaan risiko dan be at par with leading international banks, risk pengendalian internal yang terpadu dan management practices, in order to provide the komprehensif. Dengan didukung dengan sistem Company with early warning indications of informasi manajemen yang terintegrasi, maka potential risks and for the Company to adopt pengelolaan risiko di internal perusahaan dapat risk mitigation measures to minimize those risks. dioptimalkan. Namun, selain itu perusahaan The risk management framework is in the tetap harus mereview keandalan system form of policies, procedures transactions and pengendalian internal dan sistem informasi authorization limits, as well as other internal rules manajemen supaya sistem pengelolaan risiko and various risk management tools, in all tidak ketinggalan jaman. aspects of the business activities.

Perusahaan memiliki Satuan Kerja Manajemen The Company has the Unity of Corporate Risk Risiko (SKMR) yang bekerja secara independen Management (SKMR) that works independently dari unit bisnis dan audit internal. SKMR from business units and internal audit. SKMR bertugas untuk menunjang pengelolaan risiko supports the integrated and measurable risk yang lebih menyeluruh, terpadu, terukur dan management and carrying out the following terkendali. Tugas dan tanggung jawab SKMR functions: mencakup:

a. Menyusun dan menyampaikan laporan a. Prepares and reports risks profile to Bank profil risiko secara triwulan kepada Bank Indonesia on a quarterly basis. Indonesia.

b. Melakukan telaah risiko dan memberikan b. Analyzes risks and gives opinion on all pendapat terhadap seluruh jenis risiko yang different risks before any transaction would melekat sebelum suatu transaksi be approved by management, including diputuskan atau dilaksanakan yang meliputi Credit Risk, Market Risk, Liquidity Risk, Risiko Kredit, Risiko Pasar, Risiko Operational Risk, Legal Risk, Strategic Risk, Likuiditas, Risiko Operasional, Risiko Compliance Risk, and Reputation Risk. Hukum, Risiko Strategis, Risiko Kepatuhan dan Risiko Reputasi.

- 107 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

c. Mempersiapkan konsep dan metode c. Prepares concepts and methods to measure pengukuran terhadap risiko komposit dari the composites risks from various risks seluruh jenis risiko sesuai dengan based on standard guidelines of Bank pedoman standar Bank Indonesia dan Indonesia and Risk Management Policy. Kebijakan Manajemen Risiko yang telah dibuat.

Dalam pelaksanaannya, penerapan manajemen The Company’s adoption of risk management risiko Perusahaan meliputi pengawasan aktif includes active supervision by management, manajemen, penerapan kebijakan dan establishing policies and procedures, setting-up prosedur, penetapan limit risiko, proses risk limits, developing a process of identifying, identifikasi, pengukuran dan pemantauan risiko, measuring and monitoring risks, and establishing penerapan sistem informasi dan pengendalian information system and risk control, as well as an risiko serta sistem pengendalian internal. internal control system.

Risiko Kredit Credit Risk

Risiko kredit adalah risiko yang terjadi akibat Credit risk arises from failure of the counterparty kegagalan pihak lawan (counterparty) to fulfill its obligations to the Company. This risk memenuhi liabilitasnya, yang timbul dari results from the Company’s functional activities aktivitas fungsional Perusahaan seperti such as credit (lending), treasury, investment perkreditan (penyediaan dana), tresuri, and trade financing. investasi dan pembiayaan perdagangan (trade finance).

Risiko kredit dikelola melalui penetapan Credit risk is managed through the establishment kebijakan - kebijakan dan proses-proses yang of policies and processes that include lending meliputi kriteria pemberian kredit dan criteria and credit approval, pricing, monitoring, persetujuan kredit, penetapan harga, management of problem loans and portfolio pemantauan, pengelolaan kredit bermasalah management. The Company also monitors the dan manajemen portofolio. Perusahaan juga development of the Company's loan portfolio that dengan ketat memantau perkembangan allows the Company to carry out preventive portofolio kredit Perusahaan yang measures in a timely fashion (Early Warning) memungkinkan Perusahaan untuk melakukan when a decline in quality of credit. tindakan pencegahan secara tepat waktu (Early Warning) apabila terjadi penurunan kualitas kredit.

Proses pemantauan kualitas kredit sampai The periodic process of monitoring credit quality dengan penanganan kredit bermasalah terus and handling of problem loans, continuously ditingkatkan dengan berbagai strategi yang improved with strategies that are monitored dimonitor secara periodik untuk memastikan periodically to ensure that credit quality is agar kualitas portofolio kredit tetap terjaga. maintained. Effective credit management can Pengelolaan kredit yang efektif dapat minimize losses and optimize the use of capital meminimalkan kerugian dan mengoptimalkan allocated to credit risk. penggunaan modal yang dialokasikan untuk risiko kredit.

Perusahaan telah membentuk beberapa unit The Company has established several work kerja dan komite yang bertanggung jawab untuk units and committees that have responsibles for mengendalikan dan memitigasi risiko yang controlling and mitigating risk which pottentially secara potensial dihadapi oleh Perusahaan. faced by the Company. Risk Management Unit Satuan Kerja Manajemen Risiko (SKMR) telah (SKMR) has been formed to assist the Directors dibentuk untuk membantu Direksi dalam in ensuring that the existing risk management memastikan bahwa kerangka manajemen framework is adequate in identifying and has risiko yang ada telah memadai dalam control mechanism in minimizing business risks mengidentifikasi dan memiliki mekanisme faced by Company. SMKR works independently kontrol untuk meminimalisasi berbagai risiko from operational units and is directly responsible usaha yang dihadapi oleh Perusahaan. SKMR to the Risk Management Director. bekerja secara independen terhadap unit-unit operasional dan bertanggung jawab langsung kepada Direktur Manajemen Risiko.

- 108 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Perusahaan mengikuti konsep 3 Baris The Company follows the concept of the lines of Pertahanan (3 lines of defenses) yaitu unit defense comprises of risk administrating unit, pengelola risiko, unit manajemen risiko dan the unit of risk management and internal audit. audit internal. Unit pengelola risiko mengelola Risk management unit manages the inherent risiko yang melekat dalam kegiatan bisnis risks in daily business activities while risk mereka sehari-hari sedangkan unit manajemen administrating unit is responsible for setting the risiko bertanggung jawab untuk menetapkan risk management framework and develop kerangka kerja manajemen risiko dan necessary tools and methodologies. While mengembangkan perangkat dan metodologi internal audits provide independent support for yang diperlukan. Sedangkan Internal Audit, the effectiveness of the risk management memberikan dukungan secara independen bagi approach as a third line of internal control. efektivitas pendekatan manajemen risiko sebagai lini ketiga dari pengendalian intern.

Perusahaan telah memiliki kebijakan dan The Company already has written policies and pedoman tertulis terkait dengan kegiatan guidelines on its lending activities in order to perkreditan yang antara lain mengatur prosedur manage, among others, credit analysis analisa kredit, persetujuan kredit, pencatatan procedures, credit approval procedures, credit dan pengawasan kredit, dan restrukturisasi recording and monitoring procedures, and credit kredit. Kebijakan dan prosedur tersebut dikaji restructuring. Policies and procedures are secara berkala untuk disesuaikan dengan reviewed periodically to suit the size and ukuran dan kompleksitas bisnis Perusahaan. complexity of the Company's business.

Perusahaan mengukur dan memantau risiko The Company measures and monitors risk for untuk setiap debitur baik secara individual, every debtor either individually, or by the sektor ekonomi maupun seluruh portofolio kredit economic sector as well as the entire credit dengan menerapkan four - eyes principle portfolio by implementing the four-eyes principle secara konsisten. Perusahaan juga telah consistenly. The Company also implemented menerapkan standar dan prosedur untuk procedures and measures to support the process mendukung terciptanya suatu proses of granting credit by considering risk and return. pemberian kredit yang mempertimbangkan risiko dan perolehan hasil.

Dalam rangka memenuhi ketentuan In order to comply with regulators/authority and regulator/otoritas dan mendukung program to support the Government programs on micro, Pemerintah terkait penyaluran kredit Usaha small and middle credit (UMKM) distribution, the Mikro, Kecil dan Menengah (UMKM), maka Company has started to focus on distributing sepanjang tahun 2014, Perusahaan mulai fokus credits to UMKM business in 2014. In the future, menyalurkan kredit pada segmen UMKM. the Company will more focus on distribution of Ke depannya, Perusahaan akan lebih retail credit. To support the growth of retail credit, menggiatkan penyaluran kredit retail tersebut. the Company has provided supporting facilities Untuk mendukung rencana pertumbuhan kredit and infrastructure such as developing micro retail, Perusahaan telah menyediakan product, set-up Loan Origination System that is sarana dan infrastruktur pendukung seperti used as one of committee’s consideration for mengembangkan produk mikro, credit approval, preparing human resources, and mengembangkan sistem Loan Origination preparing job policies and procedures in terms of System (LOS) yang digunakan sebagai salah quantity and quality. satu bahan pertimbangan komite untuk memutuskan kredit, mempersiapkan sumber daya manusia secara kuantitas dan kualitas, serta mempersiapkan kebijakan dan prosedur kerja.

- 109 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Berikut adalah eksposur maksimum instrumen The maximum exposure of financial instruments keuangan dalam laporan posisi keuangan dan related to credit risk as shown in the statement of rekening administratif yang terkait risiko kredit financial position as of December 31, 2014 and pada tanggal 31 Desember 2014 dan 2013: 2013 are as follows:

2014 2013 Jumlah Bruto/ Jumlah Neto/ Jumlah Bruto/ Jumlah Neto/ Gross amounts Net amounts Gross amounts Net amounts Laporan Posisi Keuangan Statements of Financial Position Diukur pada nilai wajar melalui laporan laba rugi Fair value through profit and loss Efek-efek Securities Obligasi korporasi 10.483 10.378 40.846 40.638 Corporate bonds Aset lain-lain Other assets Tagihan derivatif - - 28 28 Derivative receivable Dimiliki hingga jatuh tempo Held-to-maturity Penempatan pada bank lain Placements with other banks Negotiable Certificate of Deposit 42.900 42.900 - - Negotiable Certificate of Deposit Efek-efek Securities Obligasi korporasi 205.003 204.983 4.012 3.972 Corporate bonds Tersedia untuk dijual Available for sale Efek-efek Securities Obligasi korporasi 57.366 57.366 127.454 127.454 Corporate bonds Pinjaman yang diberikan dan piutang Loans and receivable Giro pada bank lain 379.910 379.910 247.772 247.772 Demand deposits from other banks Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia Call money 263.851 263.851 432.113 432.113 Call money Deposit on call 1.818 1.818 - - Deposit on call Deposito berjangka - - 161.700 161.700 Time deposits Efek-efek Securities Tagihan atas wesel ekspor 170.213 170.213 207.001 207.001 Bills receivable Kredit yang diberikan (termasuk kredit Loan (including loans yang diberikan berdasarkan prinsip syariah) 14.298.435 14.223.357 10.966.071 10.909.738 based on sharia principles) Tagihan akseptasi 67.836 67.836 238.324 238.324 Acceptance receivable Penyertaan modal sementara 173.800 173.800 - - Temporary investment Pendapatan bunga akrual 83.429 83.429 73.261 73.261 Interest receivable Aset lain-lain 41.171 40.417 66.108 65.077 Other assets

Jumlah 15.796.215 15.720.258 12.564.690 12.507.078 Total Komitmen dan kontinjensi Commitment and Contingencies Fasilitas kredit kepada nasabah yang belum digunakan 486.114 486.114 265.516 265.516 Unused loan commitments Bank garansi 1.049.744 1.049.744 921.253 921.253 Bank guarantee Irrevocable letters of credit 17.824 17.824 67.942 67.942 Irrevocable letters of credit

Jumlah 1.553.682 1.553.682 1.254.711 1.254.711 Total

Eksposur maksimum risiko kredit tercermin The maximum exposure to credit risk is reflected dari persentase setiap kategori kredit yang in the percentage of each category of loan to diberikan terhadap jumlah kredit. Portofolio total loan exposure. Loans portfolio diversified kredit yang diberikan terdiversifikasi ke dalam into 20 types of economic sectors, wherein as of 20 jenis sektor ekonomi, dimana untuk posisi December 31, 2014 and 2013, Households and 31 Desember 2014 dan 2013, kelompok sektor Wholesale and Retail economic sector obtained ekonomi yang memperoleh penyaluran kredit the largest loans from the Company. terbesar dari Perusahaan adalah sektor ekonomi Rumah Tangga dan Perdagangan Besar dan Eceran.

Perusahaan mengkategorikan debitur yang The Company categorizes borrowers based on menerima kredit berdasarkan segmen pasar, market segments, namely; corporate, yaitu korporasi, komersial dan ritel. Tabel commercial and retail. The table below shows dibawah ini menunjukan komposisi kredit yang the composition of credit provided by the diberikan Perusahaan berdasarkan segmen Company based on market segment and its level pasar beserta tingkat NPL pada tanggal of NPL as of December 31, 2014 and 2013: 31 Desember 2014 dan 2013:

2014 2013 Baki Debet/ Kredit bermasalah/ Baki Debet/ Kredit bermasalah/ Outstanding loan Non-performing loan Outstanding loan Non-performing loan %%%% Korporasi 42,50 31,71 29,32 71,84 Corporate Komersial 22,82 25,12 21,13 2,84 Commercial Ritel 34,68 43,17 49,55 25,32 Retail Jumlah 100,00 100,00 100,00 100,00 Total

- 110 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Sebagai bagian dari manajemen portofolio, As part of the portfolio management, the Perusahaan juga melakukan pemantauan Company also monitors the development of perkembangan risiko portofolio kredit melalui credit portfolio risk through the calculation of perhitungan Credit Risk Profile yang Credit Risk Profile which reflects the inherent menggambarkan potensi risiko inheren dan risks and the effectiveness of the quality of risk efektifitas kualitas penerapan manajemen risiko. management. The Company also monitors Perusahaan juga melakukan monitoring progress and quality of the portfolio based on perkembangan dan kualitas portofolio portfolio concentration, 25 biggest debtors, the berdasarkan konsentrasi per kategori portofolio, industrial sector, region, product type, intended 25 debitur besar, sektor industri, sektor wilayah, use, and the type of currency. Thus, the jenis produk, tujuan penggunaan, dan jenis Company may take anticipation steps and risk valuta. Dengan demikian, Perusahaan dapat mitigation in portfolio or individually as well as mengambil langkah-langkah antisipasi dan through improvement of credit risk management mitigasi risiko secara portofolio maupun secara process, either by improving the credit policy and individu dan juga melalui penyempurnaan the development of adequate credit information proses penerapan manajemen risiko kredit, baik system. melalui penyempurnaan kebijakan perkreditan maupun pengembangan sistem infomasi kredit yang memadai.

Berikut adalah eksposur risiko kredit atas aset The credit exposure related to Company’s assets Perusahaan (termasuk kredit yang diberikan (including loans based on sharia principles) as of berdasarkan prinsip syariah) pada tanggal December 31, 2014 and 2013 are as follows: 31 Desember 2014 dan 2013:

2014 Telah jatuh tempo Belum jatuh tempo tetapi tidak dan tidak mengalami mengalami Mengalami penurunan nilai/ penurunan nilai/ penurunan Neither past due past due but nilai/ Jumlah/ nor impaired not Impaired Impaired Total

Giro pada bank lain 379.910 - - 379.910 Demand deposits with other banks Penempatan pada bank lain Placements with other banks Dimiliki hingga jatuh tempo 42.900 - - 42.900 Held-to-maturity Pinjaman yang diberikan dan piutang 265.669 - - 265.669 Loans and receivable Efek-efek Securities Diukur pada nilai wajar At fair value through profit and melalui laba rugi 10.483 - - 10.483 loss Dimiliki hingga jatuh tempo 205.003 - - 205.003 Held-to-maturity Tersedia untuk dijual 57.366 - - 57.366 Available for sale Pinjaman yang diberikan dan piutang 170.212 - - 170.212 Loans and receivable Kredit yang diberikan 13.895.369 - 403.066 14.298.435 Loans Tagihan akseptasi 67.836 - - 67.836 Acceptance receivable Penyertaan modal sementara 173.800 - - 173.800 Temporary investment Pendapatan bunga akrual 83.429 - - 83.429 Interest receivable Aset lain-lain 40.417 - 754 41.171 Other assets Jumlah 15.392.394 - 403.820 15.796.214 Total

2013 Telah jatuh tempo Belum jatuh tempo tetapi tidak dan tidak mengalami mengalami Mengalami penurunan nilai/ penurunan nilai/ penurunan Neither past due past due but nilai/ Jumlah/ nor impaired not Impaired Impaired Total

Giro pada bank lain 247.772 - - 247.772 Demand deposits with other banks Penempatan pada bank lain Placements with other banks Pinjaman yang diberikan dan piutang 593.813 - - 593.813 Loans and receivable Efek-efek Securities Diukur pada nilai wajar At fair value through profit and melalui laba rugi 40.846 - - 40.846 loss Dimiliki hingga jatuh tempo 4.012 - - 4.012 Held-to-maturity Tersedia untuk dijual 127.454 - - 127.454 Available for sale Pinjaman yang diberikan dan piutang 207.001 - - 207.001 Loans and receivable Kredit yang diberikan 10.689.337 172 276.562 10.966.071 Loans Tagihan akseptasi 238.324 - - 238.324 Acceptance receivable Pendapatan bunga akrual 73.261 - - 73.261 Interest receivable Aset lain-lain 65.007 - 1.101 66.108 Other assets Jumlah 12.286.827 172 277.663 12.564.662 Total

- 111 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Risiko Pasar Market Risk

Dalam melaksanakan aktivitasnya, Perusahaan In conducting its activities, the Company is terekspos pada risiko pasar yang terdiri atas exposed to market risk consisting of interest rate risiko suku bunga dan risiko nilai tukar. Risiko risk and foreign exchange risk. Market risk, pasar antara lain terdapat pada aktivitas among others present in the functional activity of fungsional Perusahaan seperti kegiatan treasuri the company, such as treasury activities and dan investasi dalam surat berharga dan pasar investments in securities and financial markets, uang, kegiatan pendanaan dan penerbitan surat financing activities and the issuance of debt and utang, serta kegiatan pembiayaan perdagangan trade financing activities (trade finance). The (trade finance). Perusahaan senantiasa Company always manages management of melakukan pengelolaan terhadap risiko pasar market risk on a regular basis and/or periodically. tersebut secara rutin dan/atau berkala.

Pemantauan terhadap risiko pasar dilakukan The monitoring of market risks are made daily secara harian yang memuat informasi mengenai that is consist of information about securitites posisi surat berharga yang dimiliki Perusahaan, position that is owned by the Company, Net Posisi Devisa Neto (PDN) baik PDN 30 menit Open Position (NOP) either NOP in 30 minutes maupun PDN akhir hari, serta pemantauan limit- or in the end of the day, and also monitoring of limit risiko pasar lainnya, seperti Value at Risk other market risks limits, such as Value at Risk (VaR) nilai tukar, maksimum posisi surat (VaR) of monetary exchange, maximum position berharga per issuer, seri, kategori dan of securities per issuer, series, categories and maksimum durasi per kategori surat berharga. maximum duration per category of securites.

a. Risiko Suku Bunga a. Interest Rate Risk

Pengelolaan risiko suku bunga dilakukan Management of interest rate risk of financial terhadap posisi instrumen keuangan baik instruments carried on the position in both dalam trading book maupun banking book. the trading book and the banking book. Risiko suku bunga dalam trading book Interest rate risk in the trading book is dihitung dengan metode standar sesuai calculated by standard methods in dengan ketentuan Bank Indonesia yang accordance with Bank Indonesia berlaku, yaitu meliputi risiko spesifik regulations, which include specific risk (menggunakan Metode Jatuh Tempo) dan (using the Maturity method) and general risiko umum. Sedangkan risiko suku risk. While the interest rate risk in the bunga dalam banking book dikelola banking book is managed by repricing gap dengan melakukan analisa repricing gap analysis between Risk Sensitive Assets antara Risk Sensitive Asset (RSA) dan (RSA) and Risk Sensitive Liabilities (RSL). Risk Sensitive Liabilities (RSL). Analisa Repricing gap analysis conducted to repricing gap dilakukan untuk mengukur measure the impact of changes in interest dampak dari perubahan suku bunga rates (up/down) on the banking book is the (naik/turun) pada banking book tersebut net interest income (NII). Management of terhadap pendapatan bunga bersih (NII). interest rate risk sensitivity analysis Pengelolaan risiko suku bunga dilengkapi features periodically to measure the impact dengan analisa sensitivitas secara of changes in interest rates significantly. As periodik untuk mengukur dampak dari of December 31, 2014 and 2013, if interest perubahan suku bunga yang signifikan. rates on Risk Sensitive Assets (RSA) and Berdasarkan simulasi, dampak kenaikan Risk Sensitive Liabilities (RSL) are suku bunga sebesar 0,50% terhadap denominated in Rupiah higher/lower posisi RSA dan RSL Perusahaan pada respectively by 0.50%, the Company's tanggal 31 Desember 2014 dan 2013 interest income earnings potential after tax berpotensi menurunkan NII sebesar for the current year will be lower/higher by + Rp 10 Milyar akibat dari Rp 10 billion, as a result of higher/lower tingginya/rendahnya beban bunga dari interest expense from the RSL and RSL dan tingginya/rendahnya pendapatan higher/lower interest income from floating bunga RSL dengan suku bunga rate RSL. mengambang.

- 112 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Risiko suku bunga dipantau secara harian Interest rate risk is monitored on a daily antara lain terhadap posisi surat berharga basis such as the position of the securities yang dimiliki Perusahaan khususnya yang held by the Company in particular exposed terekspos risiko pasar, yaitu surat market risk, ie securities in the Available for berharga dalam kategori Available for Sale Sale category and Trading Book. The dan Trading Book. Perusahaan memiliki Company has a limit/Management Action limit/Management Action Trigger yang Trigger as a guidance for the Company to menjadi acuan bagi Perusahaan dalam take action when there is a potential loss mengambil tindakan apabila terdapat arising from the process of marked to potensi kerugian (potential loss) yang market. timbul dari proses marked to market.

Tabel berikut merupakan rata-rata suku The following table is an average effective bunga efektif per tahun untuk aset dan interest rate per annum for the significant liabilitas yang signifikan (tidak termasuk assets and liabilities (excluding Sharia akun Syariah): accounts):

2014 Mata Uang Asing/ Rupiah Foreign Currencies %%

Aset Assets Penempatan pada bank lain dan Placements with other banks and Bank Indonesia (termasuk giro pada Bank Indonesia (including Demand bank lain) 3,71 0,14 deposits with other banks) Kredit yang diberikan 13,73 6,81 Loans

Liabilitas Liabilities Simpanan 5,74 0,83 Deposits Simpanan dari bank lain 4,28 0,04 Deposits from other banks

2013 Mata Uang Asing/ Rupiah Foreign Currencies %%

Aset Assets Penempatan pada bank lain dan Placements with other banks and Bank Indonesia (termasuk giro pada Bank Indonesia (including Demand bank lain) 3,39 1,13 deposits with other banks) Kredit yang diberikan 13,19 5,16 Loans

Liabilitas Liabilities Simpanan 4,80 1,10 Deposits Simpanan dari bank lain 2,03 0,04 Deposits from other banks

Tabel berikut ini menyajikan portofolio The following table presents the Company's Perusahaan (tidak termasuk portofolio portfolio (excluding the trading portfolio) at yang diperdagangkan) pada nilai their carrying values, which are grouped tercatatnya, yang dikelompokkan menurut according to which the earlier the re-pricing mana yang lebih awal antara tanggal re- date or contractual maturity dates: pricing atau tanggal jatuh tempo kontraktual:

2014 Sampai > 1 bulan > 3 bulan > 1 tahun dengan s.d. s.d. s.d. 1 bulan/ 3 bulan/ 1 tahun/ 2 tahun/ 1 month More than More than More than > 2 tahun/ or 1 month until 3 month until 1 year until More than Jumlah/ less 3 months 1 year 2 years 2 years Total Aset Assets Bunga Mengambang Floating rate Giro pada bank lain 379.910 - - - - 379.910 Demand deposits with other banks Kredit yang diberikan 415.943 892.367 3.943.974 1.495.991 2.669.039 9.417.314 Loans

Liabilitas Liabilities Bunga Mengambang Floating rate Simpanan 8.248.490 - - - - 8.248.490 Deposits Simpanan dari bank lain 78.862 - - - - 78.862 Deposits from other banks

- 113 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2013 Sampai > 1 bulan > 3 bulan > 1 tahun dengan s.d. s.d. s.d. 1 bulan/ 3 bulan/ 1 tahun/ 2 tahun/ 1 month More than More than More than > 2 tahun/ or 1 month until 3 month until 1 year until More than Jumlah/ less 3 months 1 year 2 years 2 years Total Aset Assets Bunga Mengambang Floating rate Giro pada bank lain 247.772 - - - - 247.772 Demand deposits with other banks Kredit yang diberikan 52.058 638.524 3.216.406 543.849 1.985.335 6.436.172 Loans

Liabilitas Liabilities Bunga Mengambang Floating rate Simpanan 8.915.134 - - - - 8.915.134 Deposits Simpanan dari bank lain 201.474 - - - - 201.474 Deposits from other banks

b. Risiko Nilai Tukar b. Foreign Exchange

Kebijakan pengelolaan risiko nilai tukar Foreign exchange risk management policy berpedoman pada batas Posisi Devisa is based on the Net Open Position (NOP) Neto (PDN) sesuai ketentuan Bank limits in accordance with Bank Indonesia, Indonesia yaitu Perusahaan wajib wherein the Company shall manage and mengelola dan memelihara PDN paling maintain NOP for a maximum of 20% of the tinggi 20% dari Modal. Untuk capital. To facilitate Treasury Dealers in memudahkan Treasury Dealer dalam monitoring the NOP, the Company has melakukan pemantauan terhadap PDN, developed a program that can maka Perusahaan telah mengembangkan automatically show the NOP. In addition, program bantu yang secara otomatis the Company’s daily management of dapat menunjukkan PDN. Selain itu, exchange rate risk also done by calculating pengelolaan risiko nilai tukar secara harian the potential losses that may arise as a juga dilakukan Perusahaan dengan cara result of changing in the exchange rate to menghitung potensi kerugian yang the Company's position. As of mungkin timbul sebagai dampak dari December 31, 2014 and 2013, if the adanya perubahan nilai tukar terhadap Rupiah currency weakened/ strengthened posisi Perusahaan. Pada tanggal by 0.35% against the U.S. dollar, assuming 31 Desember 2014 dan 2013, jika mata other variables constant, the profit after tax uang Rupiah melemah/menguat sebesar for the current year will be higher (lower) by 0,35% terhadap Dolar Amerika Serikat Rp 99 and Rp 417, respectively, mainly dengan asumsi variabel lain konstan, due to gains (losses) on translation of maka laba setelah pajak untuk tahun financial assets at fair value through profit berjalan akan lebih tinggi (rendah) masing- or loss, debt securities classified as masing sebesar Rp 99 dan Rp 417, available for sale, as well as gains (losses) terutama diakibatkan keuntungan on translation of debt denominated in (kerugian) dari penjabaran aset keuangan U.S. Dollars. yang diukur pada nilai wajar melalui laporan laba rugi, efek utang diklasifikasikan sebagai tersedia untuk dijual, serta keuntungan (kerugian) penjabaran pinjaman dalam mata uang Dolar Amerika Serikat.

Perusahaan telah menetapkan berbagai The Company has set a limit to anticipate limit untuk mengantisipasi risiko pasar market risk on foreign currency as well as atas mata uang asing baik karena changing in exchange rate and fluctuations perubahan kurs maupun fluktuasi suku in interest rates. The limit set by the bunga. Limit yang telah ditetapkan Company include the maximum limit of Perusahaan antara lain limit maksimum cumulative open position and a major posisi terbuka kumulatif dan per major currency which is used for limiting the currency yang bertujuan untuk membatasi exposure of foreign currency risk and eksposur risiko nilai tukar serta ensuring the compliance of NOP regulation. memastikan kepatuhan terhadap ketentuan PDN.

- 114 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

c. Risiko Likuiditas c. Liquidity Risk

Risiko likuiditas adalah risiko yang Liquidity risk is the risk caused partly by the disebabkan antara lain oleh Company's inability to meet the matured ketidakmampuan Perusahaan dalam obligations and cover positions in the memenuhi liabilitas yang telah jatuh tempo market. Liquidity risk is the important risk in dan menutup posisi di pasar. Risiko commercial banks and need to be likuiditas merupakan risiko yang terpenting managed sustainably. pada bank umum dan perlu dikelola secara berkesinambungan.

Pemantauan terhadap likuiditas The monitoring of liquidity made daily and Perusahaan dilakukan secara harian dan as part of the management information sebagai bagian dari sistem informasi system of monitoring results are reported to manajemen hasil pemantauan tersebut the Management. Among others, dilaporkan kepada Manajemen. monitoring the composition of Company’s Pemantauan antara lain dilakukan balance sheets, activities and fund outflows terhadap komposisi posisi keuangan reflected incoming RTGS transactions and Perusahaan, aktivitas dana keluar dan SKN, money market activity, illiquid asset dana masuk yang tercermin dari transaksi positions both primary and secondary, as RTGS dan SKN, aktivitas money market, well as liquidity ratios such as the ratio of posisi aset likuid baik primer maupun liquid assets and the adequacy of the Loan sekunder, serta rasio-rasio likuiditas to Deposit Ratio. Monitoring of compliance seperti rasio kecukupan aset likuid dan with Statutory both primary and secondary Loan to Deposit Ratio. Pemantauan made to ensure that the Company always terhadap pemenuhan Giro Wajib Minimum maintain minimum liqudity reserve that baik primer maupun sekunder dilakukan have been set by Bank Indonesia. untuk memastikan bahwa Perusahaan selalu menjaga GWM sesuai yang telah ditentukan oleh Bank Indonesia.

Pengelolaan likuiditas Perusahaan juga Liquidity management by studying the dilakukan dengan mempelajari pola patterns of movement of funds and pergerakan dana dan atau perilaku customer behavior of Third Party Funds, nasabah Dana Pihak Ketiga, khususnya especially the core customer funds and dana nasabah inti dan nasabah yang clients who have a high level of volatility. memiliki tingkat volatilitas cukup tinggi. By studying patterns of customers, the Dengan mempelajari perilaku nasabah, Bank is able to maintain adequate liquidity maka Perusahaan dapat menjaga needed precisely to cover those needs. kecukupan likuiditas yang diperlukan The Company maintain is adequate secara tepat untuk menutup kebutuhan secondary reserves at a safe level with tersebut. Perusahaan menjaga kecukupan sufficient scale adjusted to the specific secondary reserves pada level yang aman conditions of the Company's liquidity and dengan besaran kecukupan disesuaikan liquidity conditions in the market. dengan kondisi likuiditas Perusahaan secara spesifik maupun kondisi likuiditas di pasar.

- 115 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Core fund atau dana yang tidak ditarik Core fund or funds are not withdrawn by oleh nasabah dan dinilai stabil berada customers and judged stable are in a pretty dalam besaran yang cukup baik. good amount. The Company continues to Perusahaan senantiasa melakukan monitor the position of core fund and seeks pemantauan terhadap posisi core fund to continually increase percentage of total dan berupaya untuk secara funds. Core fund becomes a very important berkesinambungan meningkatkan part of the Company in conducting persentase terhadap jumlah dana yang intermediation of funds in the form of long- dimiliki. Core fund menjadi bagian yang term supply. This is because the third party sangat penting bagi Perusahaan dalam fund portfolio company majority owned menjalankan fungsi intermediasi berupa maturity of up to 1 (one) year. Efforts are penyediaan dana jangka panjang. Hal ini underway to raise funds to settle among mengingat portofolio dana pihak ketiga others created programs that require yang dimiliki Perusahaan sebagian besar customer funds on hold and can not be berjangka waktu sampai dengan 1 (satu) withdrawn until a specified period in tahun. Upaya yang dilakukan untuk accordance with the provisions of the meningkatkan dana mengendap antara program. lain diciptakan program-program yang mengharuskan dana nasabah ditahan dan tidak dapat ditarik sampai jangka waktu tertentu sesuai dengan ketentuan program.

Asset and Liability Committee (ALCO) Asset and Liability Committee (ALCO) berperan sebagai forum manajemen serves as a forum for senior management senior tertinggi untuk memonitor situasi to monitor the liquidity situation. ALCO is likuiditas Perusahaan. ALCO bertanggung responsible for determining the policies jawab untuk menentukan kebijakan dan and strategies relating to the Company's strategi yang berkaitan dengan aset dan assets and liabilities in accordance with liabilitas Perusahaan sejalan dengan the principles of prudence and risk prinsip kehati-hatian manajemen risiko management regulations. ALCO approved dan peraturan yang berlaku. ALCO transaction limits, considering the structure menyetujui kerangka limit transaksi, of long-term financial position of the mempertimbangkan struktur laporan posisi Company. keuangan jangka panjang dari Perusahaan.

Pada dasarnya, risiko likuiditas dikelola Basically, liquidity risk is managed in sesuai dengan kerangka kebijakan, accordance with the policy framework, pengawasan, dan batasan yang surveillance, and restrictions to ensure that memastikan bahwa konsentrasi the concentration is minimal funding, pendanaan bersifat minimal, sumber dan resources, and funding period has jangka waktu pendanaan telah diversified. terdiversifikasi.

Berikut adalah jadwal jatuh tempo liabilitas Below table shown the maturities keuangan (termasuk simpanan dan of financial liabilities (including deposits simpanan dari bank lain berdasarkan and deposits from other banks based prinsip syariah) berdasarkan pembayaran on sharia principles) based on kontraktual yang tidak didiskontokan pada contractual undiscounted payments as of tanggal 31 Desember 2014 dan 2013: December 31, 2014 and 2013:

2014 Sampai > 1 bulan > 3 bulan > 6 bulan dengan s.d. s.d. s.d. 1 bulan/ 3 bulan/ 6 bulan/ 12 bulan/ 1 month More than More than More than Biaya transaksi/ Nilai Tercatat/ or 1 month until 3 months until 6 months until Jumlah/ Transaction Carriying less 3 months 6 months 12 months Total cost value

Liabilitas Liabilities

Liabilities immediately Liabilitas segera 137.857 - - - 137.857 - 137.857 payable Simpanan 13.778.993 1.639.630 1.049.737 477.871 16.946.231 - 16.946.231 Deposits Simpanan dari bank lain 721.197 9.500 35.500 - 766.197 - 766.197 Deposits from other banks Liabilitas akseptasi 24.951 35.969 6.916 - 67.836 - 67.836 Acceptance payable Surat berharga yang diterbitkan 355 - - - 355 - 355 Securities issued Beban bunga akrual 31.930 - - - 31.930 - 31.930 Accrued interest Liabilitas lain-lain 4.856 - - - 4.856 - 4.856 Other liabilities Jumlah Liabilitas 14.700.139 1.685.099 1.092.153 477.871 17.955.262 - 17.955.262 Total Liabilities

- 116 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

2013 Sampai > 1 bulan > 3 bulan > 6 bulan dengan s.d. s.d. s.d. 1 bulan/ 3 bulan/ 6 bulan/ 12 bulan/ 1 month More than More than More than Biaya transaksi/ Nilai Tercatat/ or 1 month until 3 months until 6 months until Jumlah/ Transaction Carrying less 3 months 6 months 12 months Total cost value

Liabilitas Liabilities

Liabilities immediately Liabilitas segera 236.072 - - - 236.072 - 236.072 payable Simpanan 11.759.551 667.732 1.016.655 375.123 13.819.061 - 13.819.061 Deposits Simpanan dari bank lain 256.681 - - - 256.681 - 256.681 Deposits from other banks Liabilitas akseptasi 17.801 23.744 2.059 194.720 238.324 - 238.324 Acceptance payable Surat berharga yang diterbitkan 355 - - - 355 - 355 Securities issued Beban bunga akrual 16.925 - - - 16.925 - 16.925 Accrued interest Liabilitas lain-lain 3.651 - - - 3.651 - 3.651 Other liabilities

Jumlah Liabilitas 12.291.036 691.476 1.018.714 569.843 14.571.069 - 14.571.069 Total Liabilities

Sebagian besar liabilitas yang dimiliki oleh Most of the Company’s liabilities will mature Perusahaan akan jatuh tempo dalam within 1 month, however, based on waktu kurang dari 1 bulan, namun experience, most of those liabilities will be berdasarkan pengalaman Perusahaan extended (roll over). The Company’s effort sebagian besar dari liabilitas tersebut to retain the customer’s fund in the pada saat jatuh tempo akan diperpanjang Company is to improve the service quality (roll over). Upaya yang dilakukan and offer reasonable and competitive rates. Perusahaan agar nasabah tetap The Company also expects that those mempertahankan dananya pada efforts can attract new customers to place Perusahaan yaitu dengan meningkatkan their funds in the Company. The Company kualitas pelayanan serta memberikan has made other efforts to mitigate the penawaran suku bunga yang wajar dan significant fund that will be drawn by the kompetitif. Dengan upaya tersebut, customers, where the Company also Perusahaan juga mengharapkan dapat monitors 100 largest customers, especially menarik nasabah baru untuk the 25 biggest customers by evaluating the menempatkan dananya pada Perusahaan. customer’s profile and behavior, therefore Perusahaan juga melakukan upaya lain the Company can anticipate the significant untuk memitigasi adanya penarikan dana fund withdrawal by the customers. Until to secara besar-besaran oleh nasabah date, the Company has never been dimana Perusahaan juga memantau 100 experienced liquidity problems or conditions deposan inti, khususnya 25 deposan inti that could potentially pose a risk to the terbesar, dengan cara mengevaluasi profil Company. If there is potential risk, the dan perilaku dari deposan-deposan Company has had anticipate effort such as tersebut sehingga Perusahaan dapat the availability of Statutory Reserves, melakukan antisipasi terhadap penarikan Secondary Reserves, as well as good dana besar yang akan dilakukan deposan. penetration to the interbank market. Sampai dengan saat ini, Perusahaan tidak pernah mengalami kesulitan likuiditas maupun kondisi yang berpotensi menimbulkan risiko bagi Perusahaan. Apabila terdapat potensi risiko, Perusahaan memiliki sejumlah upaya antisipasi seperti ketersediaan Giro Wajib Minimum, Cadangan Sekunder, serta penetrasi yang baik terhadap pasar antar Perusahaan.

d. Risiko Operasional d. Operational Risk

Risiko operasional adalah risiko yang Operational risk arises from insufficiency antara lain disebabkan ketidakcukupan and/or malfunction of internal process, dan/atau tidak berfungsinya proses human error, system failure, or external internal, kesalahan manusia, kegagalan problems affecting the operations of the sistem, atau adanya problem eksternal Company. yang mempengaruhi operasional Perusahaan.

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Risiko operasional dapat menimbulkan Operational risks may cause financial loss kerugian keuangan secara langsung directly or indirectly, and the potential maupun tidak langsung dan kerugian losses for the loss of opportunity to earn a potensial atas hilangnya kesempatan profit. Operational risk can also be attached memperoleh keuntungan. Risiko to each functional activity of the Company, operasional juga dapat melekat pada such as lending activities (provision of setiap aktivitas fungsional Perusahaan, funds), treasury and investment, operations seperti kegiatan perkreditan (penyediaan and services, trade financing, funding and dana), treasuri dan investasi, operasional debt instruments, Technology and dan jasa, pembiayaan perdagangan, Information Systems Management pendanaan dan instrumen utang, Information Systems, and HR Teknologi Sistem Informasi dan Sistem management. Informasi Manajemen, serta pengelolaan SDM.

Kebijakan dan prosedur yang terkait Policies and procedures related to the dengan pengelolaan risiko operasional di management of operational risk in the Perusahaan senantiasa disusun, dikaji Company is always prepared, reviewed and ulang dan disempurnakan untuk refined to ensure sufficient control memastikan kecukupan mekanisme mechanisms on all policies and procedures kontrol pada semua kebijakan dan are adequate. The Company also actively prosedur telah memadai. Perusahaan juga socializing to build risk awareness and secara aktif melakukan sosialisasi untuk improve quality control in order to mitigate membangun budaya sadar risiko dan operational risk. meningkatkan kualitas kontrol dalam rangka mitigasi risiko operasional.

Perusahaan mulai mengembangkan dan The Company starts developing and menerapkan beberapa sistem dan implementing multiple systems and devices perangkat risiko operasional. Perangkat for operational risk. Operational risk risiko operasional tersebut digunakan devices used to measure the potential risk untuk mengukur potensi risiko pada in the present, past (historic) and to kondisi sekarang, lampau (historis) dan measure the significance of the potential untuk mengukur besarnya potensi risk of future events. With this approach, kejadian risiko di masa depan. Dengan the Company is expected to be more adanya pendekatan ini, diharapkan comprehensive in managing operational Perusahaan dapat lebih komprehensif risk. dalam mengelola risiko operasional.

Untuk mengelola risiko operasional, To manage the operational risk, the Perusahaan mengembangkan beberapa Company has developed several devices perangkat sebagai berikut : as follows:

 Risk Control Self Assessment  Risk Control Self Assessment (RCSA) (RCSA) Pelaksanaan RCSA dilakukan Implementation of the RCSA secara self - assessment oleh conducted self assessment by bank karyawan Perusahaan dalam rangka officials in order to measure the mengukur besarnya pengendalian amount of risk taken by each officer. risiko yang telah dilakukan oleh Hopefully, through the implementation masing-masing karyawan. Melalui of the RCSA, all bank officers may pelaksanaan RCSA tersebut, further improve internal control and diharapkan seluruh karyawan risk awareness culture in each Perusahaan dapat semakin business line. meningkatkan pengendalian internal serta budaya sadar risiko pada setiap lini bisnis.

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 Loss Event Database (LED)  Loss Event Database (LED) Perusahaan membangun dan The Company builds and develops mengembangkan perangkat risiko the operational risks devices such as operasional lainnya seperti Loss Loss Event Database (LED) which Event Database (LED) yang purpose is to establish a database of tujuannya untuk menyusun database events that occur as a result of atas kejadian-kejadian yang terjadi operational risk and measure the sebagai akibat risiko operasional amount of loss caused by operational serta mengukur besarnya kerugian events. Through this LED, the yang diakibatkan oleh kejadian Company is expected can start to operasional tersebut. Melalui LED calculate the amount of capital tersebut, Perusahaan diharapkan requirement to cover losses caused dapat mulai menghitung besarnya by events in the operational activities modal yang diperlukan untuk of the Company. menutup kerugian-kerugian yang diakibatkan oleh kejadian-kejadian dalam aktivitas operasional Perusahaan.

Perusahaan saat ini juga telah mulai The Company currently has also started to mengembangkan alat ukur lainnya seperti develop other measurement device such as Key Risk Indicator (KRI). KRI merupakan Key Risk Indicator (KRI). KRI is perangkat risiko operasional yang an operational risk device that are used to digunakan untuk mengidentifikasi risiko identify early risk in order to control the sejak dini dalam rangka pengendalian risks to each business activity and risiko terhadap setiap aktivitas bisnis dan operations. Through the development of operasional Perusahaan. Melalui KRI, the Company will have the future pengembangan terhadap KRI, dashboard of operational risk, where the kedepannya Perusahaan akan memilki dashboard is used as a measuring tool to dashboard risiko operasional, dimana determine the potential risk operations. dashboard tersebut digunakan sebagai alat ukur untuk mengetahui besarnya potensi risiko operasional Perusahaan.

Perusahaan telah membentuk Tim Task The Company has established a Task Force “Peningkatan Kualitas Kinerja Force Team "Improvement of Quality Perusahaan” yang memiliki tujuan untuk Performance of the Bank” which has a goal melakukan perbaikan kinerja pada seluruh to make performance improvements in all aktivitas Perusahaan. Melalui Tim Task the Company's activities. Through the Task Force tersebut, Perusahaan dapat Force Team, Company may increase the semakin meningkatkan sistem internal control system as well as forum to pengendalian internal serta sekaligus promote a culture of risk awareness. sebagai wadah untuk meningkatkan budaya sadar risiko.

e. Risiko Hukum e. Legal Risk

Risiko hukum adalah risiko yang timbul Legal risk is the risk arising from the dari kelemahan aspek hukum, antara lain weakness of the legal aspects, partly as a akibat dari tindakan hukum, tidak adanya result of legal action, the absence of peraturan yang mendukung atau regulations that favor or disadvantage of kelemahan dari ketentuan-ketentuan yang the terms of a legally binding, such as mengikat secara hukum, seperti failure to comply with the legal kegagalan untuk mematuhi persyaratan requirements of a treaty and the cracks in hukum suatu perjanjian dan celah-celah the binding guarantee. dalam pengikatan jaminan.

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Pelaksanaan identifikasi, pengukuran, dan Implementation of the identification, pemantauan terhadap potensi risiko measurement, and monitoring of potential hukum dilaksanakan terhadap seluruh legal risks undertaken of all the Company's aktivitas Perusahaan, terutama kegiatan activities, especially the Company's operasional Perusahaan dengan operational activities involving third parties melibatkan pihak ketiga yang memiliki who have a conflict of interest or potential potensi benturan kepentingan atau litigation. gugatan hukum.

Untuk meminimalkan risiko hukum To minimize legal risks, among others, the Perusahaan, peran dan fungsi legal yang Company’s Corporate Legal Unit at sebelumnya berada di kantor cabang headquarters and Legal Officer at the tertentu dirubah menjadi Legal dan Duta branch office, always monitor the potential Compliance di Kantor Wilayah dengan emergence of litigation/prosecution to the memberikan peranan yang lebih luas agar Company. In any event, in credit selain berperan sebagai Legal Counselor operational and treasury, the Company has juga bertindak sebagai Duta Compliance always pay attention to the completeness yang memberikan sosialisasi legal dan of the legal aspects, especially related to compliance awareness kepada karyawan the activity of the engagement agreement Kantor Cabang yang berada di with the customers/debtors and document wilayahnya. legality.

Terkait dengan penerapan manajemen In relation with the implementation of legal risiko hukum, satuan kerja manajemen risk management, risk management unit risiko juga melakukan kajian-kajian terkait also conducts the reviews related to the dengan aktivitas Perusahaan yang dapat Company's activities that can increase meningkatkan eksposur risiko hukum serta the risk of legal exposure and provide memberikan rekomendasi dalam rangka recommendations in order to mitigate the memitigasi risiko tersebut. risk.

f. Risiko Strategis f. Strategic Risk

Risiko strategis adalah risiko yang antara Strategic risk arises from insufficient lain disebabkan oleh adanya penetapan determination and implementation of the dan pelaksanaan strategi Perusahaan Company’s strategies, incorrect business yang tidak tepat, pengambilan keputusan decision, or irresponsiveness to external bisnis yang tidak tepat atau kurang changes. responsifnya Perusahaan terhadap perubahan eksternal.

Perusahaan telah menyusun strategi dan The Company has formulated the business rencana bisnis yang sebelumnya telah strategies and plans based on discussions didiskusikan dengan Dewan Komisaris, from the Board of Commissioners, Direksi serta seluruh management Directors and all of Company’s Perusahaan. Perusahaan juga melakukan management. The Company also reviews, kajian dan evaluasi stratejik bisnis serta evaluate business strategy and its realisasi yang telah dicapai oleh realisation achieved by the Company Perusahaan sesuai dengan yang based on Company Business Plan. terangkum dalam Rencana Bisnis Perusahaan.

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g. Risiko Kepatuhan g. Compliance Risk

Risiko kepatuhan merupakan risiko yang Compliance risk is a risk caused by disebabkan Perusahaan tidak mematuhi the Company does not comply or adopting atau tidak melaksanakan peraturan the laws and other prevailing regulations perundang-undangan dan ketentuan lain such as minimum Capital Adequacy Ratio yang berlaku, seperti Ketentuan (CAR), Quality of Earning Assets, Kewajiban Penyediaan Modal Minimum Allowance for impairment Losses on (KPMM), Kualitas Aset Produktif (KAP), Earning Assets, Legal Lending Limit, Net Pembentukan Cadangan Kerugian Open Position (NOP), and others. Penurunan Nilai (CKPN) Aset Produktif, Batas Maksimum Pemberian Kredit (BMPK), Posisi Devisa Neto (PDN) dan lainnya.

Dalam rangka menerapkan manajemen In order to implement an effective risiko kepatuhan yang efektif, Perusahaan compliance risk management, the telah melakukan identifikasi dan Company identify and manage the factors pengelolaan terhadap faktor-faktor yang that can cause the increment of risk dapat menyebabkan meningkatnya exposure in compliance, as follows: eksposur risiko kepatuhan, yaitu :

 Penerapan Good Corporate  Implementation of effective Good Governance (GCG) secara efektif Corporate Governance (GCG) to untuk memastikan dan memantau ensure and monitor the compliance kepatuhan terhadap setiap peraturan with all regulations and requirements dan persyaratan eksternal maupun of both external and internal. internal.  Melakukan pemantauan terhadap  Monitoring of any changes in the setiap perubahan ketentuan provisions of the prevailing peraturan dan perundang-undangan regulations and laws and to ensure its yang berlaku serta memastikan implementation in the Company. penerapannya pada Perusahaan.  Melakukan penilaian secara aktif dan  Conduct active assessment and berkala terhadap kecukupan periodic review of the adequacy for kebijakan Pedoman dan Prosedur the Company’s existing Internal Internal yang dimiliki oleh Bank untuk Policies and Procedures to ensure the memastikan kesesuaiannya terhadap compliance with prevailing regulations peraturan dan perundang-undangan and laws. yang berlaku.  Melakukan identifikasi dan analisa  Identify and analyze on the kepatuhan (compliance analysis) compliance (compliance analysis) for atas rencana dan pengembangan planning and developing of new produk dan aktivitas baru guna products and activities to ensure memastikan kepatuhannya terhadap compliance with prevailing regulations peraturan dan perundang-undangan and laws. yang berlaku.  Melakukan pemantauan terhadap  Monitoring the implementation of terlaksananya prinsip kehati-hatian prudent banking), among others, in perbankan (prudential banking), terms of capital (CAR), Legal Lending antara lain dalam hal permodalan Limit (LLL), Minimum Statutory (KPMM), Batas Maksimum Reserve (GWM), Net Open Position Pemberian Kredit (BMPK), Giro (NOP) and the Non-Performing Loan Wajib Minimum (GWM), Posisi (NPL). Devisa Neto (PDN) dan Non Performing Loan (NPL).

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h. Risiko Reputasi h. Reputation Risk

Risiko reputasi adalah risiko yang antara Reputation risk arises from negative lain disebabkan oleh adanya publikasi publication due to the Company’s activity or negatif yang terkait dengan kegiatan negative perception on the Company. usaha Perusahaan atau persepsi negatif terhadap Perusahaan.

Salah satu upaya yang dilakukan One of the efforts made by the Company' Perusahaan untuk meningkatkan for improvement the management of pengelolaan risiko reputasi antara lain reputation risk is to improve services melalui Contact Center untuk memberikan (Service Level Agreement) in all business layanan informasi perbankan serta units, especially the business units dealing menerima keluhan/pengaduan nasabah, directly with customers, such as the Front Corporate Secretary yang memberikan Liner and Customer Complaints Unit informasi yang perlu disampaikan kepada (Contact Center). publik/stakeholders terkait aktivitas Perusahaan, serta petugas di kantor- kantor cabang yang setiap saat dapat memberikan informasi kepada nasabah.

Selain itu pengendalian risiko reputasi In addition, the reputation risk control is juga dilakukan antara lain dengan melalui also done through the brand image by pemantauan yang dilakukan oleh Unit Corporate Secretary, such as the Kerja Corporate Secretary terhadap berita implementation of Corporate Social yang berkaitan dengan Perusahaan di Responsibility (CSR) in some institutions media massa, Perusahaan juga secara and society. aktif melakukan Corporate Social Responsibility yang dilaksanakan di bidang pendidikan dan kesehatan.

Transparansi produk yang ditawarkan Transparency of the product oferred to kepada nasabah sesuai dengan Peraturan customers in accordance with the rules Bank Indonesia mengenai Transparansi regarding transparency Indonesian bank’s produk melalui website Perusahaan, serta products the Company’s website, as well as upaya peningkatkan standar layanan efforts to improve customer serices nasabah dengan melakukan training standards by conducting training of service service excellence kepada para petugas. excellence to the officers.

i. Penilaian Profil Risiko i. Risk Profile Assessment

Secara berkala Perusahaan melakukan The Company periodically conducted risk penilaian risiko terhadap kedelapan risiko assessment of the eighth risk above as diatas sebagaimana telah diatur oleh Bank Indonesia regulation. The Company’s Perusahaan Indonesia. Penilaian risiko risks assessment is evaluated through self dilakukan melalui proses penilaian sendiri assessment process by making a risk (self-assessment) untuk menghasilkan profile which consists of risks inherent to profil risiko yang terdiri dari risiko inheren the bank industry as well as the yaitu risiko yang melekat pada aktivitas corresponding controls to address those Perusahaan dan kualitas penerapan risks. manajemen risiko yaitu pengendalian terhadap risiko inheren.

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Hasil penilaian profil Perusahaan telah The Company’s profile assessment results disampaikan kepada Direktur Utama dan is submitted to the Director of Risk Komite Manajemen Risiko kemudian Management Committee and immediately disampaikan kepada Bank Indonesia to Bank Indonesia on a quarterly basis. secara triwulanan. Untuk profil risiko The result of the assessment as of Perusahaan posisi 31 Desember 2014 dan December 31, 2014 and 2013 showed that 2013, secara keseluruhan dinilai pada the risk of the overall business of the peringkat 2 atau “Low To Moderate” dan Company is assessed in level 2 or ‘Low to stabil bila dibandingkan dengan posisi Moderate” and stable as compared with the tahun sebelumnya. Hasil penilaian profil previous year. The result of the assessment tersebut disampaikan pula kepada Komite profile was submitted also to the Risk Pemantau Risiko. Oversight Committee.

42. Informasi Lainnya 42. Other Information

a. Rasio aset produktif yang diturunkan a. The ratios of impaired productive assets to nilainya terhadap jumlah aset produktif total productive assets as of December 31, pada tanggal 31 Desember 2014 dan 2013 2014 and 2013 are 1.22% and 1.88%, masing-masing adalah sebesar 1,22% dan respectively. 1,88%.

b. Pada tanggal 31 Desember 2014 dan 2013 b. As of December 31, 2014 and 2013, the Rasio Non-Performing Loan (NPL) ratio of Non-Performing Loans (NPL) Perusahaan (secara bruto) adalah (at gross) to total loans are 3.00% and masing-masing sebesar 3,00% dan 2,50%, 2.50%, respectively while the ratio at net sedangkan secara neto adalah NPL to loans is 2.56% and 2.12%, masing-masing sebesar 2,56% dan 2,12%. respectively.

c. Rasio kredit yang diberikan terhadap c. The ratio of loans to deposit ratio (LDR) as simpanan (LDR) pada tanggal of December 31, 2014 and 2013 is 83.88% 31 Desember 2014 dan 2013 masing- and 78.72%, respectively. masing sebesar 83,88% dan 78,72%.

d. Imbal hasil aset atau Return on Assets d. Return on Assets (ROA) is 1.02% and (ROA) untuk tahun 2014 dan 2013 masing- 1.71% in 2014 and 2013, respectively. masing adalah sebesar 1,02% dan 1,71%.

e. Return of Equity (ROE) tahun 2014 dan e. Return on Equity (ROE) is 5.72% and 9.23% 2013 masing-masing adalah sebesar in 2014 and 2013, respectively. 5,72% dan 9,23%.

f. Penerapan Program Anti Pencucian Uang f. Application of Anti-Money Laundering and dan Pencegahan Pendanaan Terorisme Combating the Financing of Terrorism (APU (APU dan PPT) and PPT)

Perusahaan senantiasa menerapkan The Company continues to apply the prinsip APU dan PPT dalam pelaksanaan principle of APU and PPT in the aktivitas pengenalan nasabah dengan implementation of customer recognition mengacu pada kebijakan dan prosedur activities with reference to the policies and APU dan PPT yang telah disempurnakan procedures for APU and PPT that has been sesuai dengan Peraturan Bank Indonesia perfected in accordance with Bank No. 14/27/PBI/2012 tentang Penerapan Indonesia Regulation. 14/27/PBI/2012 on Program Anti Pencucian Uang dan Application of Anti-Money Laundering and Pencegahan Pendanaan Terorisme Bagi Combating the Financing of Terrorism for Bank Umum. Commercial Bank.

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Kewajiban untuk menerapkan prinsip APU The obligation to apply the principles of APU dan PPT tidak hanya terdapat dalam and PPT is not only contained in the Peraturan Bank Indonesia saja, tetapi juga Regulation of Bank Indonesia, but also ditegaskan dalam Undang-Undang Nomor affirmed in Law No. 8 of 2010 on the 8 Tahun 2010 tentang Pencegahan dan Prevention and Suppression of Money Pemberantasan Tindak Pidana Pencucian Laundering (Article 19), which basically Uang (Pasal 19), yang pada intinya stated that any person doing business with menjelaskan bahwa setiap orang yang financial service providers must submit a melakukan usaha dengan penyedia jasa complete identity, besides financial services keuangan harus menyerahkan identitas diri providers should also make sure people who secara lengkap, disamping itu penyedia engage in business relations act for yourself jasa keuangan juga harus memastikan or others. If acting for others, then financial orang yang melakukan hubungan usaha services providers should request bertindak untuk diri sendiri atau orang lain. information about the identity of the other Jika bertindak untuk orang lain, maka party. penyedia jasa keuangan harus meminta informasi mengenai identitas pihak lain tersebut.

Perusahaan akan terus memastikan bahwa The Company will continue to ensure that kebijakan dan prosedur tertulis mengenai the policies and procedures of the APU and program APU dan PPT sejalan dengan PPT programs in line with the development perkembangan modus pencucian uang mode of money laundering or terrorist atau pendanaan terorisme. financing.

Pengkinian terhadap seluruh data nasabah Updating of all customer data by the dilakukan Perusahaan secara terus- Company on an ongoing basis using an menerus dengan menggunakan approach based on the risk inherent in the pendekatan berdasarkan risiko yang development of the client and updating melekat pada nasabah yang bersangkutan customer data submitted to Bank Indonesia dan perkembangan pengkinian data through the Director of Compliance Reports. nasabah dikirimkan oleh Perusahaan kepada Bank Indonesia melalui Laporan Direktur Kepatuhan.

Pelatihan secara berkala kepada seluruh Periodic training to all employees regarding karyawan Perusahaan mengenai APU dan the APU and PPT and prudential banking PPT dan peraturan prudential banking regulations made by the Compliance Unit in dilakukan oleh Unit Kepatuhan guna order to create a culture of compliance in all mewujudkan budaya kepatuhan pada business lines of the Company. Training is seluruh lini bisnis Perusahaan. Pelatihan done throughe-learning that can be dilakukan melalui e-learning yang dapat accessed by employees of the Company diakses oleh karyawan Perusahaan serta and through face-to-face method melalui metode tatap muka secara periodik. periodically.

g. Jaminan Pemerintah Terhadap Liabilitas g. Government Guarantee on Obligations of Pembayaran Bank Umum Private Banks

Sejak tahun 2005, program penjaminan Since 2005, the Government guarantee Pemerintah dilaksanakan oleh Lembaga program has been carried out by the Deposit Penjamin Simpanan (LPS). Guarantor Agency.

LPS akan membayarkan klaim penjaminan The Deposit Guarantor Agency will settle the yang layak dibayar setelah melalui qualified guaranteed claims based on results prosedur rekonsiliasi dan/atau verifikasi of reconciliation and/or verification sesuai dengan Peraturan Lembaga procedures in accordance with prevailing Penjamin Simpanan (PLPS) yang berlaku. Deposit Guarantor Agency Regulations.

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43. Informasi Keuangan Unit Syariah 43. Financial Information of Sharia Unit

Perusahaan memperoleh izin usaha sebagai The Company obtained its license to conduct bank yang melakukan kegiatan usaha business under sharia principles based on the berdasarkan prinsip syariah berdasarkan Surat Decree from Deputy Governor of Bank Indonesia Keputusan Deputi Gubernur Bank Indonesia No.11/13/Kep.DpG/2009 dated October 27, No.11/13/Kep.DpG/2009 tanggal 27 Oktober 2009. 2009.

Sesuai dengan Surat dari BI No.10/57/DpG/ In accordance with BI Letter No.10/57/DpG/ DPbS tanggal 27 Mei 2008 perihal DPbS dated May 27, 2008 regarding “Uniformity ”Penyeragaman Nama Produk dan Jasa of Names of Products and Services under Perbankan Syariah”, mulai bulan September Islamic Banking”, starting in September 2008, all 2008, semua produk syariah/jasa perbankan islamic products and services under Islamic syariah diseragamkan menjadi Islamic banking should become homogenized Islamic Banking (iB). banking (iB).

Informasi keuangan unit syariah pada tanggal Financial information of sharia units as of 31 Desember 2014 dan 2013, adalah sebagai December 31, 2014 and 2013, are as follows: berikut:

2014 2013

Laporan Posisi Keuangan Statements of Financial Position

Aset Assets Kas 14.358 12.245 Cash Demand deposits with Giro pada Bank Indonesia 47.435 19.800 Bank Indonesia Penempatan pada bank syariah lain Placements with other sharia banks dan Bank Indonesia 2.000 1.500 and Bank Indonesia Efek-efek - bersih 56.446 105.303 Securities - net Piutang iB - bersih 1.704.066 985.647 iB receivable - net Pendapatan yang masih akan diterima 1.146 1.243 Biaya dibayar dimuka 11.372 1.097 Prepaid expenses Aset tetap - bersih 37.198 27.167 Premises and equipment - net Aset ijarah - bersih 84.179 104.556 Ijarah assets - net Aset lain-lain 14.894 12.651 Other assets

Jumlah 1.973.094 1.271.209 Total

Liabilitas Liabilities Liabilitas segera 20 73 Liabilities immediately payable Simpanan iB 1.431.836 627.583 iB deposits Simpanan dari bank lain 156.910 7 Deposits from other banks Utang pajak 4.281 1.261 Tax payable Pendapatan diterima di muka 68 68 Other income in advance Liabilitas lain-lain 348.502 472.780 Other liabilities Saldo laba 31.477 169.437 Retained earnings

Jumlah 1.973.094 1.271.209 Total

- 125 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

Informasi keuangan unit syariah pada tahun - Financial information of sharia units for the tahun yang berakhir 31 Desember 2014 dan years ended December 31, 2014 and 2013, 2013, adalah sebagai berikut: are as follows:

2014 2013

Laba Rugi Komprehensif Statement of Comprehensive Income Pendapatan bagi hasil 203.188 115.013 Profit sharing Beban bagi hasil 72.598 31.872 Profit sharing expenses

Penghasilan setelah bagi hasil 130.590 83.141 Income after profit sharing

Pendapatan lainnya 18.590 6.580 Other income Beban lainnya (117.703) (36.699) Other expenses

Beban lainnya - Bersih (99.113) (30.119) Other expenses - Net

Laba bersih 31.477 53.022 Income net

Termasuk dalam pendapatan bagi hasil adalah Included in profit sharing is fee from distribution of komisi dari transaksi penyaluran dana terikat unrestricted fund transaction from customer that dari Nasabah Pemilik Dana (Shahibul Maal) have fund (Shahibul Maal) that will be distributed yang akan disalurkan kepada nasabah to owner client fund with requirements specified pembiayaan dengan syarat-syarat sesuai yang which is determined by the owner of the fund, ditentukan oleh pemilik dana, dimana which the Company acts as an agent or Perusahaan berperan sebagai agen atau investment manager in channeling agent system manajer investasi dalam system chanelling and not bear any risk on the distribution of funds. agent dan tidak menanggung risiko apapun atas penyaluran dana tersebut.

44. Pengungkapan Tambahan Transaksi Bukan 44. Supplemental Disclosures for Statements of Kas Cash Flows

Aktivitas investasi dan pendanaan yang The non-cash investing and financing activities of tidak mempengaruhi kas dan setara kas dan the Company as of December 31, 2014 and 2013 laporan arus kas Perusahaan pada tanggal are write-off of loans amounting to Rp 17,334 and 31 Desember 2014 dan 2013 adalah Rp 10,233, respectively. penghapusbukuan kredit yang diberikan sebesar Rp 17.334 dan Rp 10.233.

45. Penerbitan Standar Akuntasi Keuangan Baru 45. Prospective Accounting Pronouncements

Ikatan Akuntan Indonesia telah menerbitkan The Indonesian Institute of Accountants has Pernyataan Standar Akuntansi Keuangan issued the following newly and revised (PSAK) baru dan revisi dan Interpretasi Standar Statements of Financial Accounting Standards Akuntansi Keuangan (ISAK) revisi yang berlaku (PSAKs) and revised Interpretation of Financial efektif pada periode yang dimulai Accounting Standard (ISAK) which will be 1 Januari 2015 sebagai berikut: effective for annual period beginning January 1, 2015 as follows:

PSAK PSAK

a. PSAK No. 1 (Revisi 2013), Penyajian a. PSAK No. 1 (Revised 2013), Presentation of Laporan Keuangan Financial Statements b. PSAK No. 4 (Revisi 2013), Laporan b. PSAK No. 4 (Revised 2013), Separate Keuangan Tersendiri Financial Statements c. PSAK No. 15 (Revisi 2013), Investasi pada c. PSAK No. 15 (Revised 2013), Investments in Entitas Asosiasi dan Ventura bersama Associates and Joint Ventures

- 126 - PT BANK SINARMAS Tbk PT BANK SINARMAS Tbk Catatan atas Laporan Keuangan Notes to Financial Statements Untuk Tahun-tahun yang Berakhir For the Years Ended 31 Desember 2014 dan 2013 December 31, 2014 and 2013 (Angka-angka Disajikan dalam Jutaan Rupiah, (Figures are Presented in Millions of Rupiah, unless kecuali Dinyatakan Lain) Otherwise Stated)

d. PSAK No. 24 (Revisi 2013), Imbalan Kerja d. PSAK No. 24 (Revised 2013), Employee Benefits e. PSAK No. 46 (Revisi 2014), Pajak e. PSAK No. 46 (Revised 2014), Income Taxes Penghasilan f. PSAK No. 48 (Revisi 2014), Penurunan f. PSAK No. 48 (Revised 2014), Impairment of Nilai Aset Assets g. PSAK No. 50 (Revisi 2014), Instrumen g. PSAK No. 50 (Revised 2014), Financial Keuangan: Penyajian Instruments: Presentation h. PSAK No. 55 (Revisi 2014), Instrumen h. PSAK No. 55 (Revised 2014), Financial Keuangan: Pengakuan dan Pengukuran Instruments: Recognition and Measurement i. PSAK No. 60 (Revisi 2014), Instrumen i. PSAK No. 60 (Revised 2014), Financial Keuangan: Pengungkapan Instruments: Disclosures j. PSAK No. 65, Laporan Keuangan j. PSAK No. 65, Consolidated Financial Konsolidasian Statements k. PSAK No. 66, Pengaturan Bersama k. PSAK No. 66, Joint Arrangements l. PSAK No. 67, Pengungkapan Kepentingan l. PSAK No. 67, Disclosures of Interests in dalam Entitas Lain Other Entities m. PSAK No. 68, Pengukuran Nilai Wajar m. PSAK No. 68, Fair Value Measurements

ISAK ISAK

ISAK No. 26 (Revisi 2014), Penilaian Kembali ISAK No. 26 (Revised 2014), Reassessment on Derivatif Melekat Embeded Derivatives

Perusahaan masih mengevaluasi dampak The Company is still evaluating the effects of penerapan PSAK dan ISAK di atas dan dampak these newly and revised PSAKs and ISAK and terhadap laporan keuangan dari penerapan has not yet determined the related effects on the PSAK dan ISAK tersebut belum dapat financial statements. ditentukan.

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