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Annual Report 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance 2018 Annual Report 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance Table of Content 01 02 03 Opening Business and Financial Functional Review Review 6 Key Performance 2018 42 Loan 84 Management Discussion and Analysis 8 Vision, Mission, Core Beliefs & 46 Treasury, FI and International Core Values Banking 10 Overview of CCB Indonesia 48 Human Capital 12 Company Profile 51 Information Technology 14 Shareholders Information 52 Risk Management • Company Group Structure, Subsidiaries and Associated Entities • Capital and Risk Management – Parent Entity 19 Shares Highlights 22 Financial Highlights 24 Milestones 30 Awards 32 Strategic Direction 34 Report of Board of Commissioners 37 Report of Board of Directors 05 Corporate Information 06 Financial Statement 04 05 06 Good Corporate Corporate Financial Governance Information Statement 94 Corporate Social Responsibility 158 Organization Structure 192 Responsibility for Financial Reporting 98 Good Corporate Governance 160 Board of Commissioners’ Profile 193 Audited financial report 2018 154 Committees Report 164 Board of Directors’ Profile 170 Committees Profile 176 Executive Officers 178 Product, Services, rate information 180 Sustainability Report 184 Offices Network 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance 05 Corporate Information 06 Financial Statement Opening Buketan Pattern Batik Buketan pattern is using plants and flowers as decorative ornament. The word “buketan” was originated from French “bouquet”, which means flower arrangement. Along with European influence during the colonial era, especially from the Dutch, this pattern is widely developed in Java coastal area during the 19th century. 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance Key Performance 2018 With the support of stakeholders, CCB Indonesia managed to increase business volume and performance continuously from year to year and provided better quality services, through 95 offices by the end of 2018. 18.000 16.000 14.000 Total Assets 12.000 Growth 10.000 2018 8.000 1,29% 6.000 Compound Annual Growth Rate (CAGR) 2014-2018: 4.000 2.000 13% 0 in billion IDR 2014 2015 2016 2017 2018 14.000 12.000 Loan 10.000 Growth 2018 8.000 14,25% 6.000 Compound Annual 4.000 Growth Rate (CAGR) 2014-2018: 2.000 0 14% in billion IDR 2014 2015 2016 2017 2018 Annual Report 2018 6 PT Bank China Construction Bank Indonesia Tbk 05 Corporate Information 06 Financial Statement 14.000 Third Party 12.000 Fund 10.000 Growth 2018 8.000 2,83% 6.000 Compound Annual 4.000 Growth Rate (CAGR) 2014-2018: 2.000 0 12% in billion IDR 2014 2015 2016 2017 2018 3.000 Equity 2.500 Growth 2.000 2018 1.500 2,96% 1.000 Compound Annual Growth Rate (CAGR) 5.00 2014-2018: 0 in billion IDR 2014 2015 2016 2017 2018 20% 160 140 Profit Before Tax 120 Growth 100 2018 80 80,06% 60 Compound Annual Growth Rate (CAGR) 2014-2018: 40 - in billion IDR 2014 2015 2016 2017 2018 17% Annual Report 2018 PT Bank China Construction Bank Indonesia Tbk 7 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance Annual Report 2018 8 PT Bank China Construction Bank Indonesia Tbk 05 Corporate Information 06 Financial Statement Vision Become an international bank and has the ability to multiply value through innovation capabilities Mission Provide better products and services for customers, create higher value for shareholders, build broader career path for associates, and taking full social responsibility as a good corporate citizen Core Beliefs • Strong financial base • Ability to provide complex service and with speed • Strong partnered relationship • Continuous improvement • Human capital • Commitment Core Values • Integrity • Trust • Speed • Competence Annual Report 2018 PT Bank China Construction Bank Indonesia Tbk 9 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance Overview of CCB Indonesia With the current focus on Corporate Banking business, CCB Indonesia will continue to develop small and medium enterprises, as well as consumer banking, and strive to become the market maker of RMB’s business in Indonesia. PT Bank China Construction Bank Indonesia Tbk (“CCB Indonesia”) Denpasar Bali, Mataram Lombok, Palembang, Bandar Lampung, is a Commercial Foreign Exchange Bank listed in the Indonesian Batam, Pekanbaru, Pontianak, Makassar and Pangkal Pinang. Stock Exchange (IDX), and was the result of a merger between PT Bank Windu Kentjana International Tbk (“Bank Windu”) and PT Bank With the current focus on Corporate Banking business, CCB Antardaerah (“Bank Anda”) on November 30, 2016, which has a Indonesia will continue to develop small and medium enterprises, as network consisting of 95 offices spread out in cities across Indonesia well as consumer banking, and strive to become the market maker such as Jakarta, Bandung, Semarang, Yogyakarta, Surabaya, of RMB’s business in Indonesia. Annual Report 2018 10 PT Bank China Construction Bank Indonesia Tbk 05 Corporate Information 06 Financial Statement Brief History of CCB Indonesia Merger between Bank Windu with the fully controlled subsidiary Previously, PT Bank Windu Kentjana International Tbk (“Bank Windu”) Bank Anda has been approved by Financial Services Authority (OJK) was also a merged bank between PT Bank Multicor Tbk and PT Bank No. S-400 / PB.12 / 2016 dated 30 November 2016, as well as the Windu Kentjana (BWK) on January 8, 2008. The merger is legally Admission of Merger Notification of Minister of Law and Human incorporated in the Merger Deed No.171 dated 28 November 2007 Rights No. AHU-AH.01.10-0003777 dated 30 November 2016. which was approved by the Minister of Justice and Human Rights No.AHU-00982.AH.01.02 on January 8, 2008. Thus, Merger between Bank Windu and Bank Anda has been effectively implemented as of November 30, 2016. PT Bank Windu Kentjana (BWK) was originally formed on May 26, 1967 by 3 social foundations as its founder, Dharma Putra Kostrad Bank Windu as surviving company was renamed into “PT Bank China Foundation, Trikora Orphans Fellowship Foundation and Djajakarta Construction Bank Indonesia Tbk” or shortened as “CCB Indonesia” Foundation. In 1978, ownership transferred to the Salim family (Salim which had been registered by the Decision of Minister of Law R.I. Group). No. AHU-0003776.AH.01.10.Tahun 2016 dated November 30, 2016 and and has been approved by Financial Services Authority No.S- While Multicor was originally known as PT Multinational Finance 441/PBI.12/2016 dated December 28, 2016 in accordance with copy Corporation established in 1974 in the form of Non-Bank Financial of the corresponding decision of the Board of Commissioners of Institutions (LKBB), is a consortium (joint venture) of domestic Financial Services Authority No. 17/KDK.03/2016 dated December banks with international banks namely Royal Bank Of Scotland, BCA, 27, 2016 regarding the confirmation of the use of business license LTCB Japan, Jardine Fleming, Chemical Bank and Asia Insurance. of PT Bank Windu Kentjana International Tbk into PT Bank China In 1993 changed its status to Bank Multicor. Subsequently in 2003, Construction Bank Indonesia Tbk. Mr. Johnny Wiraatmadja and colleagues took over the ownership of Bank Multicor. Background for change of Company’s name is related to the entry of new controlling shareholder China Construction Bank Corporation On January 8, 2008 a merger between Bank Multicor Tbk and BWK (“CCB”) into the Company, which currently holds 60% (sixty percent) became “PT Bank Windu Kentjana International Tbk.”, also known as of the shares of the Company. “Bank Windu”. Annual Report 2018 PT Bank China Construction Bank Indonesia Tbk 11 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance Company Profile Annual Report 2018 12 PT Bank China Construction Bank Indonesia Tbk 05 Corporate Information 06 Financial Statement Company Name PT Bank China Construction Bank Services Authority No.S-441/PBI.12/2016 Indonesia Tbk dated December 28, 2016 in accordance with copy of the corresponding decision of Head Office the Board of Commissioners of Financial Sahid Sudirman Center, 15th floor Services Authority No. 17/KDK.03/2016 Jl. Jend Sudirman Kav. 86, Central Jakarta dated December 27, 2016 regarding the 10220, Indonesia. confirmation of the use of business license Telephone (62-21) 5082 1000 of “PT Bank Windu Kentjana International Fax. (62-21) 5082 1010 Tbk” into“PT Bank China Construction Bank SWIFT/BIC : BWKIIDJA Indonesia Tbk”. Website Bank Status idn.ccb.com Public Company dan Foreign Exhange Bank Email Stock Listing [email protected] Indonesia Stock Exchange Investor Relation Stock Code Corporate Secretary (Andreas Basuki) MCOR Legal Aspect Securities Administration Merger between PT Bank Windu Kentjana Agency International Tbk with PT Bank Antardaerah PT Sinartama Gunita which was approved by Financial Services Sinar Mas Land Plaza Authority (“OJK”) No. S-400 / PB.12 / 2016 Menara 1, 9th floor, dated 30 November 2016, as well as the Jl. MH Thamrin No 51 Admission of Merger Notification No. AHU- Jakarta 10350, Indonesia AH.01.10-0003777 dated 30 November 2016. Public Accountant Surviving company was renamed into “PT Tanudiredja, Wibisana, Rintis dan Rekan Bank China Construction Bank Indonesia (a member of the PricewaterhouseCoopers Tbk” abbreviated “CCB Indonesia” which network of firm) had been registered by the Decision of Plaza 89, Jl HR Rasuna Said Kav X-7 No. 6 Minister of Law R.I. No. AHU-0003776. Jakarta 12940, Indonesia AH.01.10.Tahun 2016 dated November 30, Telp : +62 21 521 2901 2016 and has been approved by Financial Fax : +62 21 5290 5555 www.pwc.com/id Annual Report 2018 PT Bank China Construction Bank Indonesia Tbk 13 01 Opening 02 Business and Functional Review 03 Financial Review 04 Good Corporate Governance Shareholders Information Ownership Structure per December 31, 2018 60.00% China Construction Bank Corporation Huijin *) (57.11%) HKSCC Nominees Limited (36.79%) Others (6.10%) • Huijin is a wholly state-owned company established in accordance with the PRC Company Law on 16 December 2003 with the approval of the State Council.
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