DOCSLIB.ORG

Consolidated Financial Statements 2

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Consolidated Financial Statements 2 ISO 9001:2015 1. Preparation and Verification Process of Bank Negara Indonesia Published Financial Statements CONSOLIDATED FINANCIAL STATEMENTS 2. Preparation, Verification, and Reporting Process of Corporate Income Tax Certificate No: ID16/03754 PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES STATEMENTS OF FINANCIAL POSITION STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES PRIME LENDING RATE PT BANK NEGARA INDONESIA (PERSERO) Tbk AS OF JUNE 30, 2020 AND DECEMBER 31, 2019 FOR THE PERIODS FROM JANUARY 1 TO JUNE 30, 2020 AND 2019 AS OF JUNE 30, 2020 (IN MILLIONS OF RUPIAH) (IN MILLIONS OF RUPIAH) INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED (% per annum) NO ACCOUNTS JUN 30, 2020 DEC 31, 2019 JUN 30, 2020 DEC 31, 2019 JAN 1, 2020 JAN 1, 2019 JAN 1, 2020 JAN 1, 2019 Prime Lending Rate (Unaudited) (Audited) (Unaudited) (Audited) NO ACCOUNTS TO TO TO TO Business Segment JUN 30, 2020 JUN 30, 2019 JUN 30, 2020 JUN 30, 2019 ASSETS Corporate Retail Micro Consumer Loan (Unaudited) (Unaudited) (Unaudited) (Unaudited) Loan Loan Loan Mortgage Non Mortgage 1. Cash 11,358,860 14,922,678 12,041,582 15,361,703 OPERATING INCOME AND EXPENSES 2. Placement with Bank Indonesia 65,622,277 68,868,096 71,580,129 77,096,821 Prime Lending Rate 9.85 9.85 N/A 10.20 12.00 A. Interest Income and Expenses 3. Placement with other banks 20,807,964 21,545,591 22,968,805 22,748,876 4. Spot and derivatives receivables 995,512 312,266 995,512 312,266 1. Interest income CALCULATION OF CAPITAL ADEQUACY RATIO 5. Securities - - - - a. Rupiah 22,829,847 22,961,237 24,892,900 24,953,702 b. Foreign currency 3,254,138 3,615,612 3,269,560 3,644,433 PT BANK NEGARA INDONESIA (PERSERO) Tbk AND SUBSIDIARIES a. Measured at fair value through profit and loss 2,601,860 1,998,697 8,840,963 11,972,689 AS OF JUNE 30, 2020 AND 2019 b. Measured at fair value through other comprehensive income 63,560,341 68,342,028 71,367,899 72,784,731 2. Interest expenses c. Measured at ammortized cost 63,562,444 68,342,028 71,370,002 25,150,048 a. Rupiah 7,826,755 8,210,876 8,388,729 8,721,674 (IN MILLIONS OF RUPIAH) 6. Securities sold under repurchase agreement (repo) 5,182,495 2,256,571 5,182,495 2,256,571 b. Foreign currency 1,971,871 2,251,300 1,976,690 2,263,073 Net interest income (Expenses) 16,285,359 16,114,673 17,797,041 17,613,388 JUN 30, 2020 JUN 30, 2019 7. Securities purchased under resell agreement (reverse repo) 28,285,764 411,442 28,285,764 411,442 CAPITAL COMPONENTS 8. Acceptance receivables 18,879,013 19,118,275 18,879,013 19,118,275 3. Premium Income - - 2,287,343 3,319,896 Individual Consolidated Individual Consolidated 9. Loans 4. Claim Expenses - - 1,639,683 2,426,285 (Unaudited) (Unaudited) (Unaudited) (Unaudited) a. Measured at fair value through profit and loss - - - - Net Premium Income (Claim Expenses) - - 647,660 893,611 Net interest income (Expenses) and I. Tier 1 Capital 95,463,960 101,394,395 103,461,648 108,394,695 b. Measured at fair value through other comprehensive income - - - - Net Premium Income (Claim Expenses) 16,285,359 16,114,673 18,444,701 18,506,999 1. Common Equity Tier 1 (CET 1) 95,463,960 101,394,395 103,461,648 108,394,695 c. Measured at ammortized cost 543,900,121 522,750,099 545,390,279 524,121,874 10. Sharia Financing - - 30,207,097 31,594,596 B. Operating Income and Expenses Other than Interest 1.1 Paid in Capital (Excluding Treasury Stock) 8,975,358 8,975,358 9,054,807 9,054,807 11. Equity investments 4,767,317 4,306,332 1,026,157 985,007 1. Operating Income Other than Interest 1.2 Reserve additional capital 94,604,493 97,348,275 98,413,702 100,566,499 1.2.1 Additional Factors 95,208,613 98,440,620 100,265,453 102,988,528 12. Impairment on financial assets -/- - - - - a. Increase in fair value of financial assets 1.2.1.1 Other comprehensive income 14,492,895 14,615,290 14,807,919 14,930,435 a. Securities (242,715 ) (278,614 ) (252,464 ) (287,094 ) i. Securities 656 12,474 - 13,546 1.2.1.1.1 Excess adjustment due to financial statement b. Loans (35,307,431 ) (15,837,399 ) (35,363,654 ) (15,854,393 ) ii. Loans - - - - translation 38,676 38,548 - - c. Others (1,264,260 ) (1,162,006 ) (1,268,937 ) (1,164,010 ) iii. Spot and derivatives 357,135 - 357,135 - 1.2.1.1.2 Potential gain on increase in fair value of financial assets classified as fair value through other 13. Intangible assets - - - - iv. Other financial assets - - - - Accumulated amortization on intangible assets -/- - - - - comprehensive income - - - - b. Decrease in fair value of financial liabilities - - - - 1.2.1.1.3 Fixed assets revaluation 14,454,219 14,576,742 14,807,919 14,930,435 14. Fixed assets and equipment 35,919,257 34,314,961 38,007,203 35,661,850 c. Gain from sale of financial assets 1.2.1.2 Other disclosed reserves 80,715,718 83,825,330 85,457,534 88,058,093 Accumulated depreciation on fixed assets and equipment -/- (9,467,986 ) (8,641,930 ) (10,098,938 ) (9,137,091 ) i. Securities 467,972 424,896 482,137 427,020 1.2.1.2.1 Agio 14,568,468 14,568,468 14,568,468 14,568,468 15. Non earning assets ii. Loans - - - - 1.2.1.2.2 General reserves 2,778,412 2,778,412 2,778,412 2,778,412 a. Abandoned property 28,676 28,676 28,676 28,676 iii. Other financial assets - - - - 1.2.1.2.3 Previous years profit 59,164,002 62,014,737 60,882,276 63,197,491 b. Foreclosed assets 1,644,326 1,055,345 1,736,692 1,163,562 d. Gain from spot and derivatives (realised) 591,110 470,436 598,751 472,888 1.2.1.2.4 Current year profit 4,204,836 4,463,713 7,228,378 7,513,722 c. Suspense accounts 6,425 5,492 6,425 5,492 1.2.1.2.5 Paid in capital fund - - - - e. Dividend - - - - 1.2.1.2.6 Others - - - - d. Interbranch assets f. Gain from investment under equity method - - - - 1.2.2 Deduction Factors (604,120 ) (1,092,345 ) (1,851,751 ) (2,422,029 ) i. Conducting operational activities in Indonesia - - - - g. Commission/provision/fee and administrative 4,235,966 4,422,556 4,011,615 4,180,412 1.2.2.1 Other comprehensive lncome (256,396 ) (743,698 ) (1,087,137 ) (1,612,806 ) ii. Conducting operational activities outside Indonesia 34,308 138,857 34,308 138,857 h. Reversal of allowance for impairment losses 1,083,286 199,356 1,083,286 199,356 1.2.2.1.1 Negative adjustment due to financial 16. Impairment on non financial assets -/- (38,590 ) (40,516 ) (38,590 ) (40,516 ) i. Other income 777,143 1,222,195 1,010,959 1,501,543 statement translation - - (127,505 ) (127,648 ) 17. Leasing - - - - 1.2.2.1.2 Potential loss on decrease in fair value of financial 2. Operating Expenses Other than Interest 18. Deferred tax assets 4,332,756 1,083,442 4,576,461 1,349,343 assets classified as fair value through other comprehensive income (256,396 ) (743,698 ) (959,632 ) (1,485,158 ) 19. Other assets 30,701,940 28,349,503 32,437,921 29,825,633 a. Decrease in fair value on financial assets i. Securities - - 179 - 1.2.2.2 Other disclosed reserves (347,724 ) (348,647 ) (764,614 ) (809,223 ) TOTAL ASSETS 813,301,436 780,237,387 880,123,799 845,605,208 1.2.2.2.1 Disagio - - - - ii Loans - - - - 1.2.2.2.2 Previous years losses - - - - LIABILITIES AND EQUITY iii. Spot and derivatives - 73,061 - 73,061 1.2.2.2.3 Current year loss - - - - iv. Other financial assets - - - - 1.2.2.2.4 Negative differences between regulatory LIABILITIES b. Increase in fair value of financial liabilities - - - - provision and allowance for impairment losses 1. Current accounts 216,012,794 199,393,808 218,351,733 202,226,824 c. Losses from sale of financial assets of earning assets - - (589,943 ) (634,379 ) 2. Saving accounts 187,843,757 182,337,666 198,132,687 191,390,028 i. Securities - - - - 1.2.2.2.5 Negative differences on adjustment of ii. Loans - - - - fair value on financial instrument in 3. Time deposits 215,707,622 189,344,223 215,266,819 188,923,773 the trading book - - - - 4. Revenue sharing investment - - 30,625,942 31,770,347 iii. Other financial assets - - - - 1.2.2.2.6 Regulatory provision on non earning assets (347,724 ) (348,647 ) (174,671 ) (174,844 ) 5. Liabilities to Bank Indonesia 453,441 470,347 453,441 470,347 d. Losses from spot and derivatives (realised) - - - - 1.2.2.2.7 Others - - - - 6. Liabilities to other banks 13,406,276 11,420,922 13,593,241 11,521,329 e. Impairment losses on financial assets 1.3 Minority Interest - 2,687 - 2,734 7. Spot and derivatives liabilities 526,746 203,054 526,746 203,054 i.
Load more

Recommended publications
  • Sustainability Strategy
    Serving the Country, Pride the Nation SUSTAINABILITY REPORT 2019 DIGITALIZATION EMBRACING NATION PT Bank Negara Indonesia (Persero) Tbk Sustainability Report Overview of Sustainability Digitalization Sustainability Performance Governance for the Nation PT Bank Negara Indonesia (Persero) Tbk Sustainability Report Services that My Nature, Independent Cover the Country My Country Assurance Statement BNI is reinventing itself and transforming into a “digital banking entity. Through digitalization, BNI embraces the nation and provides leading services to SMEs. BNI’s concrete steps to form a digital-based financial ecosystem are aimed at MSMEs engaged in the“ manufacturing, fisheries, agriculture and trade sectors. PT Bank Negara Indonesia (Persero) Tbk Sustainability Report Overview of Sustainability Digitalization Sustainability Performance Governance for the Nation TABLE OF CONTENTS 03 SUSTAINABILITY STRATEGY 05 BNI SUPPORT TOWARDS SDGs 06 OVERVIEW OF SUSTAINABILITY PERFORMANCE 10 MESSAGE FROM THE BOARD OF DIRECTORS 14 STATEMENT OF RESPONSIBILITY OF THE BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS 16 PROFILE IN BRIEF 21 ABOUT THE REPORT 24 SUSTAINABILITY GOVERNANCE 36 DIGITALIZATION FOR THE NATION 40 Superior Products and Services in Digital Banking 42 Obligation to Develop Products and Services on Sustainable Finance 45 SERVING THE WHOLE COUNTRY 46 Equality in Service Provision 52 Employment 60 Guaranteeing Customer Satisfaction 62 Inclusive Finance and Empowering the Community 67 MY ENVIRONMENT, MY COUNTRY 68 Disclosure on Climate Change
    [Show full text]
  • PERANCANGAN CORPORATE IDENTITY PERPUSTAKAAN BANK INDONESIA SURABAYA SEBAGAI UPAYA MENINGKATKAN BRAND AWARENESS Anisa Ayu Ratna1) Muh
    PERANCANGAN CORPORATE IDENTITY PERPUSTAKAAN BANK INDONESIA SURABAYA SEBAGAI UPAYA MENINGKATKAN BRAND AWARENESS Anisa Ayu Ratna1) Muh. Bahruddin 2) Thomas Hanandry Dewanto 3) S1 Desain Komunikasi Visual Institut Bisnis dan Informatika STIKOM Surabaya Jl. Raya Kedung Baruk 98 Surabaya, 60298 Email : 1) [email protected], 2) [email protected], 3) [email protected] Abstract: Perpustakaan Bank Indonesia Surabaya is a growing library company in Surabaya. The problem is, a lot of competitors threaten the sales position of Perpustakaan Bank Indonesia Surabaya. During this, media campaign that used by Perpustakaan Bank Indonesia Surabaya does not have concept design. The low awareness of the importance the media campaign, create a high probability of customers moving to another library. Media campaigns are very important to build brand equity. Therefore, it is necessary to increase customer aware by doing branding and maintenance customers through the media campaign to maintain the position of Perpustakaan Bank Indonesia Surabaya from the competitors. The design is done by observation, interviews, depth interviews, and literature studies using qualitative-descriptive analysis and supported by existing analysis, SWOT and STP obtained brilliant concept that is used in overall design. The concept of brilliant implemented using product photo illustration of Perpustakaan Bank Indonesia Surabaya. Unique concept realized by unique form of media, while the brilliant concept realized from the arrangement of layout and color selection. The concept was subsequently applied in corporate identity and promotional media like Graphics Standart Manual that can be able to increase customer awareness. Keywords: : Design, Corporate Identity, Perpustakaan Bank Indonesia Surabaya, Graphics Standart Manual, Brand Awareness, Brilliant.
    [Show full text]
  • Building a Modern and Advanced Money Market in a Digital Era Bank Indonesia: Building a Modern and Advanced Mone
    Blueprint for Money Market Development 2025 Bank Indonesia: Building a Modern and Advanced Money Market in a Digital Era Bank Indonesia: Blueprint for Money Market Development 2025 1 Blueprint for Money Market Development 2025 Bank Indonesia: Building a Modern and Advanced Money Market in a Digital Era BANK INDONESIA Jalan M.H. Thamrin No. 2 Jakarta – 10350 Indonesia This publication is available on BI’s website (www.bi.go.id). Jakarta, December 14th, 2020 © Bank Indonesia 2020. All rights reserved. Bank Indonesia: Blueprint for Money Market Development 2025 Blueprint for Money Market Development 2025 BANK INDONESIA: BUILDING A MODERN AND ADVANCED MONEY MARKET IN A DIGITAL ERA Bank Indonesia: Blueprint for Money Market Development 2025 Table of Contents Table of Contents ......................................................................................................................i List of Figures ............................................................................................................................ii List of Charts .............................................................................................................................ii List of Abbreviations ................................................................................................................iii Foreword by the Governor of Bank Indonesia .......................................................................v Foreword by Senior Deputy Governor ..................................................................................vi
    [Show full text]
  • Chapter Iv Results and Discussions
    CHAPTER IV RESULTS AND DISCUSSIONS 4.1 Research Result 4.1.1 Description of the General Data 4.1.1.1 History of BRI BRI is one of the leading Indonesian commercial banks and the oldest bank in Indonesia tracing back since December, 6th 1895 during the Dutch colonial period when Raden Bei Aria Wirjaatmadja founded a small financial institution with the name of De Poerwokertosche Hulp en Spaarbank der Inlandsche Hoofden (Help and Savings Bank for Purwokerto's Aristocrats) in Purwokerto, Central Java. The institution was a mosque-based association, which function was to manage and disburse trusted fund to community in a simple scheme. Over the years, the institution went through name changes and evolve with the surrounding condition. In 1912, its name changed to Centrale Kas Voor Volkscredietwezen, and in 1942 by Japanese ruling it was changed to Syomin Ginko. In the independence era, was replaced by the name of Bank Rakyat Indonesia. Still going through some name changes, finally in 1992 the official name of the institution was PT. Bank Rakyat Indonesia (Persero), and being one of the state-owned enterprises that always consistent with service to small communities by focusing giving credit facilities to small entrepreneurs group. 66 On November 2003, BRI became a publicly listed with 30% of its share listed in Jakarta Stock Exchange (now Indonesia Stock Exchange/IDX) then became public company with official name PT. Bank Rakyat Indonesia (Persero) Tbk. In April 2014, BRI contracted with Space Systems/Loral and Arianespace to, respectively, build and launch their first satellite, a 3,500 lb (1,600 kg) C- and Ku-band spacecraft dubbed BRIsat, and on June 18th, 2016 Ariane 5 has successfully launched BRIsat as the first satellite owned and operated by a bank in the world to link the bank's geographically isolated branches which is hoped to deliver huge savings in operating costs in the future.
    [Show full text]
  • Indonesia: the Macroprudential Framework and the Central Bank's Policy
    Indonesia: the macroprudential framework and the central bank’s policy mix Perry Warjiyo* Abstract Recent crises have clearly highlighted the importance of understanding macro- financial linkages in order to mitigate the build-up of systemic risks to financial and macroeconomic stability, and sustainable economic growth. This note describes the role of macroprudential policy as an integral part of the central bank policy mix and financial stability in Indonesia. It encompasses regulation and surveillance from a macro perspective with a focus on systemic risk. A number of macroprudential policy measures have been implemented in Indonesia, including loan-to-value (LTV) ratios, reserve requirements and a capital conservation buffer, and these have proven successful in mitigating the build-up of systemic risks to financial stability as well as strengthening monetary policy in achieving price stability. In line with the central bank’s revised mandate for combined price and financial system stability, the policy mix comprises interest rate, exchange rate, capital flow management and macroprudential elements. Our experience since 2010 shows that the current policy mix has advantages over the standard inflation targeting framework. In addition to implementing a sound macroprudential framework to promote financial stability, Indonesia has underpinned its crisis management protocol for prevention and resolution of the financial system crisis with a strong legal foundation (ie the Law on Financial System Crisis Prevention and Resolution of 2016). Keywords: central banking, policy mix, financial stability, monetary policy, macroprudential policy, crisis management JEL classification: E52, E58, H12 * Deputy Governor, Bank Indonesia. BIS Papers No 94 189 Macroprudential policy is an integral part of Indonesia’s central bank policy mix.
    [Show full text]
  • 1 WHY the BANK RAKYAT INDONESIA HAS the WORLD's LARGEST SUSTAINABLE MICROBANKING SYSTEM and What Commercial Microfinance
    WHY THE BANK RAKYAT INDONESIA HAS THE WORLD’S LARGEST SUSTAINABLE MICROBANKING SYSTEM And what commercial microfinance means for development by Marguerite S. Robinson Paper presented at BRI’s International Seminar on BRI’s Microbanking System Bank Rakyat Indonesia Bali, Indonesia 1 December 2004 [Updated April 2005] 1 WHY BRI HAS THE WORLD’S LARGEST SUSTAINABLE MICROBANKING SYSTEM And what commercial microfinance means for development by Marguerite S. Robinson I INTRODUCTION 3 II WHAT IS COMMERCIAL MICROFINANCE? 4 III WHAT WENT WRONG AT BRI’S UNITS FROM 1970 TO 1983? 5 IV HOW DID BRI’S COMMERCIAL MICROBANKING TRANSFORMATION OCCUR? 6 V MICROBANKING AT BRI: 1984-2004 9 VI THE EMERGING GLOBAL COMMERCIAL MICROFINANCE INDUSTRY 15 VII MICROBANKING CHALLENGES FOR INDONESIA AND BRI 19 VIII DOING GOOD BY DOING WELL: THE DOUBLE BOTTOM 25 LINE REFERENCES CITED 27 TABLES 1. Number of Outstanding KUPEDES Loans, 1984-2004 10 2. Value of Outstanding KUPEDES Loans, 1984-2004 10 3. Number of Unit Savings Accounts, 1984-2004 11 4. Value of Unit Savings Accounts, 1984-2004 12 5. Microfinance in Asia 17 6. BRI’s Microbanking Profits, 1984-2004 25 2 I. INTRODUCTION Today we celebrate the twentieth anniversary of the turnaround of BRI’s microbanking system—from a massive, failed subsidized rural credit program begun in 1970, to the largest commercial microbanking system in the world.1 A great many people contributed over the years to this extraordinary achievement: the Indonesian government’s remarkable economics team, BRI itself – from its head office to its thousands of units at subdistrict level nationwide, scores of Indonesian researchers, and many others.
    [Show full text]
  • The Role of Economic and Monetary Statistics Department at Bank Indonesia
    The Role of Economic and Monetary Statistics Department at Bank Indonesia Ending Fadjar Economic and Statistics Department, Bank Indonesia Jl. M.H. Thamrin 2 B Building !7th fl. Jakarta, Indonesia [email protected] Soekowardojo Economic and Statistics Department, Bank Indonesia Jl. M.H. Thamrin 2 B Building 14th fl. Jakarta, Indonesia [email protected] 1. General The Economic and Monetary Statistics Department (EMS) is one of 22 departments in Bank Indonesia as a central bank which has main tasks in (1) managing, and (2) developing the monetary and economic statistics. The term of “managing” has broad meanings, such as collecting, maintaining, reporting, and also disseminating the existing data or the information. The other task “developing” also has some meanings, as searching and creating some new information to improve the statistics itself or to support other departments in analyzing some issues. The coverage of the data which have been managed consist of monetary, external and real sector data and therefore the EMS organization has four main divisions; monetary statistics division, balance of payment statistics division, real sector and government finance division, as well as Economic and Monetary Data and Information Processing Division. The other supporting division is administration division which help another division in daily administrative works. 2. Data gathering The commercial banks’ financial statements are the most important source in constituting the money supply. This information is sent to Bank Indonesia by monthly on-line commercial bank reporting system during the first week after the reference month. The number of commercial bank offices involved in the system are 2500 offices nation wide.
    [Show full text]
  • Fundamental Analysis of Bank Rakyat Indonesia by Using Residual Earnings-Pbr
    FUNDAMENTAL ANALYSIS OF BANK RAKYAT INDONESIA BY USING RESIDUAL EARNINGS-PBR Posmarito Pakpahan ABSTRACT This paper investigates the fundamental value of the largest micro lender in Indonesia i.e. Bank Rakyat Indonesia. After financial crisis in 2008, due to improving macroeconomic condition and the increasing of banking income, some banks in the Jakarta Composite Index (JCI), such as BBCA, BMRI and BBRI were considered outperformed. Now, Banks become one of the most darling firms in market. Lately, Indonesian economy encountered some negative sentiments which downtrend in JCI including the banks. In beginning of 2014, Bank Rakyat Indonesia closed at IDR 7,250. By applying the residual earnings model-PBR, the writer considered that the current price of Bank Rakyat Indonesia was underperformed. The writer concluded that the target price of BBRI is IDR 11,155. This price implies that PER 13x and PBV 4.5x. Bank Rakyat Indonesia is valued at IDR 11,155 per share is rational and valid as from 2010, BRI have been moving at PER 11.6x and PBV 3.3x and it is in line compare to its industry PER & PBV. Keyword: Bank Rakyat Indonesia, valuation, fundamental analysis, BBRI, target price I. INTRODUCTION Many investors are interested in investing at banking sector because banking is one of the biggest industries in Indonesia (Simorangkir & Simorangkir, 2012). Futhermore, Simorangkir and 1 | P a g e Simorangkir (2012) added that the banking industry correlates positively with the economic development, production and consumptions. Hence, the banks’ stock price derives by the economic growth. The improvement of income has increased the value of companies through its stock’s price, i.e.
    [Show full text]
  • Summary Record
    SUMMARY RECORD OECD-BANK INDONESIA REGIONAL ASIAN SEMINAR ON FINANCIAL LITERACY: TOWARDS A NATIONAL STRATEGY ON FINANCIAL EDUCATION 27 JUNE 2011 JAKARTA, INDONESIA INTRODUCTION AND BACKGROUND The OECD-Bank Indonesia Regional Asian Seminar on Financial Literacy: Towards a National Strategy on Financial Education was held in Jakarta on 27 June 2011. It was co-organised by the Organisation for Economic Co-operation and Development (OECD) and Bank Indonesia (BI) with the support of the Government of Japan. The event was held at Bank Indonesia premises in downtown Jakarta. An international audience of high-level governmental officials and experts from public bodies, regulatory and supervisory authorities attended the conference along with senior decision makers and academics from OECD countries and non-OECD members’ economies. Participation from Indonesia was very high, due notably to the imminent launching of the Indonesian national strategy for financial education and inclusion and to these being a key priority selected by Indonesia in its forthcoming role of ASEAN President. Around 202 participants coming from 15 member and non- member economies (including 2 additional Enhanced Engagement countries: India and South Africa) attended the event – see attached list of participants -. The programme of the seminar allowed the discussion of the priorities identified by Indonesia within its national strategy and the dissemination of international good practices and instruments developed by the INFE/OECD: Special address: Complementarities between
    [Show full text]
  • PT BANK CIMB NIAGA Tbk DAN ANAK PERUSAHAAN/AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS
    PT BANK CIMB NIAGA Tbk DAN ANAK PERUSAHAAN/AND SUBSIDIARIES LAPORAN KEUANGAN KONSOLIDASIAN/ CONSOLIDATED FINANCIAL STATEMENTS 30 JUNI 2011 SERTA 31 DESEMBER 2010, 2009 DAN 2008 SERTA UNTUK PERIODE ENAM BULAN YANG BERAKHIR 30 JUNI 2011 DAN UNTUK TAHUN-TAHUN YANG BERAKHIR 31 DESEMBER 2010, 2009 DAN 2008/ 30 JUNE 2011 AND 31 DECEMBER 2010, 2009 AND 2008 AND FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2011 AND FOR THE YEARS ENDED 31 DECEMBER 2010, 2009 AND 2008 PT BANK CIMB NIAGA Tbk DAN ANAK PERUSAHAAN/AND SUBSIDIARIES LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 30 JUNI 2011 SERTA 31 DESEMBER 2010, 2009 DAN 2008 30 JUNE 2011 AND 31 DECEMBER 2010, 2009 AND 2008 (Dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in million Rupiah, unless otherwise stated) Catatan/ 30 Juni/June 31 Desember/December Notes 2011 2010 2009 2008 ASET ASSETS K a s 2f,2i,4 2,370,132 2,515,903 2,758,596 2,766,684 Cash Giro pada Bank Indonesia 2f,2j,5 10,033,621 8,714,923 3,898,110 2,996,213 Current accounts with Bank Indonesia Giro pada bank lain 595,194 659,694 1,269,224 3,092,344 Current accounts with other banks Dikurangi: Cadangan kerugian Less: Allowance for penurunan nilai - - (12,862) (30,735) impairment losses 2f,2h,2j,6 595,194 659,694 1,256,362 3,061,609 Penempatan pada bank lain Placement with other banks dan Bank Indonesia 3,870,781 11,029,228 2,162,120 1,954,436 and Bank Indonesia Dikurangi: Cadangan kerugian Less: Allowance for penurunan nilai (17,431) (45,792) (99,908) (126,873) impairment losses 2f,2h,2k,7 3,853,350
    [Show full text]
  • Merger Closing Report November 2009 CONTENTS
    Merger Closing Report November 2009 CONTENTS CIMB Niaga One Bank, One Vision 1 Preface 3 A Merger for Growth 3 Merger Success Story 5 The Power of Teamwork 5 Overview 7 Branch Network 12 Vision & Values 13 Management 14 Merger Architecture 16 SPD1 18 Training Sessions 30 IT Command Center 32 SPD1 Events 34 Merger Synergy 36 Branding 44 Internal Communications 53 Strategy 54 Financial Review 56 CIMB Niaga Fact Sheet 58 Report by Various Functions 59 One Bank, One Vision The merger of LippoBank into CIMB Niaga represents the single greatest leap forward to occur in Southeast Asia’s banking sector in recent times. Through the hard work of management and employees, the steadfast support of shareholders and the diligent cooperation of Indonesian regulating bodies, CIMB Niaga has successfully integrated all of its Banking Systems and Operations. CIMB Niaga now offers its customers the most comprehensive portfolio of universal banking services in Indonesia combining its strengths in retail, SME and corporate banking, as well as payment services. The merger makes CIMB Niaga the 5th largest bank by branch and ATM network. As a result of the merger, CIMB Niaga proudly serves its customers at over 650 branch offices and near 1,300 ATMs. With the full support of CIMB Group–CIMB Niaga’s majority shareholder–CIMB Niaga will continue to develop innovative products and services for customers’ ease of banking transactions. CIMB Niaga’s merger for growth is a critical part of its continuing aim to achieve the Bank’s vision: “To be the most trusted Indonesian Bank that is part of Southeast Asia’s leading Universal Bank by understanding our customers’ needs, providing the right comprehensive financial solutions and building lifetime relationships.” Through its commitment to Integrity, perseverance to always place Customers first and passion for Excellence, CIMB Niaga will continue to leverage its strengths to fully realize all of the synergies which the merger has to offer.
    [Show full text]
  • On the Use of Sterilisation Bonds in Emerging Asia1
    On the Use of Sterilisation Bonds in Emerging Asia1 Aaron Mehrotra Bank for International Settlements This version: January 9, 2012 Abstract We document recent developments in the use of sterilisation bonds by six central banks in emerging Asia, and discuss the implications for monetary policy and the financial sector. For most economies in the sample, the rapid increase of net foreign assets in central banks’ balance sheets has been sterilised by issuing central banks’ own paper. There has been an attempt to lengthen the maturity structure of the sterilisation bills, and maturities have risen especially in 2010–11. An econometric exercise suggests that higher inflation and stronger portfolio capital inflows are positively associated with the length of the maturities of issued sterilisation paper for some economies. Moreover, the amount of liquidity absorbed by issuing central bank paper tends to increase relative to that locked up by reserve requirements when credit growth is strong. The relative costs of using these tools appear to matter less for the choice of sterilisation instrument. Keywords: sterilisation bond; central bank bonds and bills; foreign exchange reserves; emerging Asia JEL classification: E43, E50, E52, E58. 1. Introduction Since the Asian crisis, central banks in emerging Asia have accumulated large reserves in order to protect against a run in the currency and to provide assurance to markets about the sustainability of the exchange rate regime. The experience from the international financial crisis largely vindicated this policy, as central banks had considerable leeway to run down their assets in face of depreciation pressures. Indeed, foreign exchange reserves in the region shrank at the end of 2008, perhaps most prominently in India, Korea and Malaysia.
    [Show full text]