Bank Danamon Indonesia - 2014 Annual Report

PT Bank Danamon Indonesia, Tbk.
Annual Report
2014 PT Bank Danamon Indonesia, Tbk.
Managing Challenges, Transforming for

Sustainability
Annual Report 2014
Sustainability
2014 Managing Challenges, Transforming for
Annual Report

Menara Bank Danamon
Jl. Prof. Dr. Satrio Kav. E-IV No. 6
Mega Kuningan, Jakarta 12950, Indonesia
Tel. 62 21 5799 1001-03
Fax. 62 21 5799 1160-61
www.danamon.co.id
Made from recycled paper processed by Danamons SME customer, Dibuat dari kertas daur ulang hasil pengolahan nasabah UKM
which used paper waste from Danamons operations. Danamon, yang menggunakan sampah kertas operasional Danamon.
Management Discussion Operational Review Corporate Governance Corporate Social Corporate Data Financial Statements
& Analysis Responsibility
Managing
Challenges,
Transforming for
Sustainability
Attributing to Danamons extensive network; complete
range of products and services synergizing with Adira
Finance, Adira Insurance and Adira Kredit; its prudent
and efficient approach in managing the business; and
its corporate governance practice which adheres to the
international standards enabled Danamon to close the year
2014 strong.
Aware of the challenges ahead, Danamon has taken an

important step to transform its business model to enhance
productivity and continue striving for a stronger and
sustainable performance. Danamon is confident that its
initiatives and approach will only strengthen the Banks
readiness to grow at the appropriate time.
This Annual Report is available in Bahasa Indonesia and English.

In case of any discrepancies, the Indonesian version shall prevail.
2014 Annual Report PT Bank Danamon Indonesia, Tbk. 1

Highlights Management Reports Company Profile
Table of Contents
40
Management
Reports
06 Highlights 86 Operational Area

06 2014 Performance Highlights 88 Board of Commissioners Profile
14 Financial Highlights 91 Board of Directors Profile
22 Shares and Bonds Highlights 96 Number of Employees
25 Securities Ratings 98 Shareholders Composition
34 Significant Events 100 Majority and Controlling
Shareholder
40 Management Reports 101 Share Listing Chronology
42 Report from the Board of 103 Other Securities Listing
Commissioners Chronology
50 Board of Commissioners 104 Subsidiaries and Affiliated
Companies
52 Report from the Board of
Directors 108 Corporate Group Structure
62 Board of Directors 109 Capital Markets Supporting
Institutions & Professionals
64 Report from the Syariah
Supervisory Board 111 Awards & Certifications
66 Syariah Supervisory Board Profile Management Discussion and
68 2014-2015 Plan and Strategy 114 Analysis
Discussion 118 Macroeconomic & Industry
70 Responsibility for Annual Review
Reporting 124 Business Segment Review
126 Micro Banking
72 Company Profile
129 Consumer Banking
74 Danamon at a Glance
135 Small & Medium Enterprise
77 Corporate Identity (SME) Banking
78 Brief History 138 Syariah Banking (Islamic
80 Organization Structure Banking)
84 Vision, Mission and Values 141 Wholesale Banking
2 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

2014
Management
Business Review
Discussion Functional
OperationalBusiness
Review Corporate Governance Corporate
Corporate
Governance
Social Corporate
Corporate
SocialData
Respon- Financial Statements
& Analysis Review Responsibility sibility
Annual Report
Business Review Functional Business Corporate Governance Corporate Social Respon-
Review sibility
72
Company
114
Management
Profile Discussion and
Analysis
144 Treasury, Capital Markets and 191 Impact of Changes on Interest

Financial Institutions Rate, Currency Value, and
146 Transaction Banking (Trade Regulations to Danamons
Finance & Cash Management) Performance
148 Subsidiaries Business Review 193 Information on Material Increase
or Decrease from Net Sales/
148 Adira Finance Income
152 Adira Insurance 193 Information on Comparison
154 Adira Kredit of Targets Established at the
Start of Financial Year and the
156 Marketing Campaign Realization
162 Financial Review 193 Material Information and Facts
163 Profit/Loss Subsequent to the Date of
Accounting Report
165 Income
194 Business Prospects
167 Expenses
195 Marketing Aspect
171 Balance Sheets
196 Dividend Policy and
180 Liabilities Appropriation of Net Income
181 Funding 197 Employee Share Ownership

Program (ESOP/MSOP)
184 Cash Flows
197 Information on Proceeds of
185 Solvability and Collectability Public Offering
186 Liquidity 198 Material Information on
Investment, Expansion,
187 Capital
Divestment, Business Merger/
187 Capital Structure Amalgamation, Acquisition, or
Restructuring of Debts/Capital
188 Policies on Capital Structure
198 Material Information on
191 Capital Investments
Transaction with Conflict of
191 Material Commitments for Interests and/or Transaction with
Capital Expenditures Related Parties
191 Capital Expenditures 199 Changes of Regulations with
Significant Impacts on the
Company

210
Operational
Review
207 Changes of Tax Regulations in 403 Committees Under the Board of

2014 Directors
207 Description of Basel III 413 Corporate Secretary
422 Compliance Function
210 Operational Review
425 Implementation of Anti-
212 Risk Management Money Laundering (AML) and
303 Risk Management Effectiveness the Combating Funding for
Evaluation Terrorism (CFT) Programs
303 Risk Management Activities 426 Internal Audit Unit
Plan in 2014
433 Company Accountant/External
306 Human Resources Audit
314 Information Technology 435 Risk Management
318 Operations 439 Provision of Funds to Related Parties
and Large Exposures
324 Corporate Governance 439 Internal Control System
327 Commitment for Good Corporate 442 Social Responsibility and Sustainability
Governance Implementation Report
328 Corporate Governance 451 Legal Matters and Important Issues
Implementation Roadmap Involving The Company, Its
Subsidiaries, Members of The Board of
329 Danamons Good Corporate
Directors and/or Board of
Governance Focus in 2014 Commissioners
331 Corporate Governance Policy, 452 Disclosure of Administrative Sanction By
Structure and Implementation Financial Services
333 Corporate Governance Authority (OJK)
Implementation Report 452 Internal Fraud
336 General Meeting of 453 Transparency of Financial and Non-
Shareholders Financial Performances
344 Board of Commissioners 454 Shares Option
358 Committees Under the Board of 454 Shares Ownership Program for
Commissioners Employees and/or Management
385 Board of Directors

Management
Business Review
Discussion Functional
OperationalBusiness
Review Corporate Governance Corporate
Corporate
Governance
Social Corporate
Corporate
SocialData
Respon- Financial Statements
& Analysis Review Responsibility sibility
Business Review Functional Business Corporate Governance Corporate Social Respon-

Review sibility
324
Corporate
556
Corporate Data
Governance
455 Shares Buy Back and Banks Bonds Buy 503 General Conclusion
Back
455 Highest and Lowest Salaries Ratio 504 Corporate Social Responsibility
455 Conflict of Interests Transactions 507 Yayasan Danamon Peduli (YDP)
456 Bank Strategic Plan 510 Policy, Concept and Operational
457 Provision of Funds for Political Activities Framework
457 Companys Information Access 511 The Implementation of Corporate
Social Responsibility
458 Investor Relations
511 Social and Community
459 Public Affairs
Development
476 Customer Service Unit
523 Environmental Care Program
481 Corporate Culture
525 Rapid Disaster Response
481 Code of Ethics
525 Manpower and Health,
484 Whistleblowing System Occupational Safety
486 Good Corporate Governance Self- Environment (K3l)
Assessment 527 Responsibility to Consumers
489 GCG-Related Awards
489 Statement of GCG Principles 556 Corporate Data
Implementation 558 Product and Services
490 Syariah Corporate Governance 571 Executive leaders
491 Syariah Supervisory Board (SSB) 573 Office Address
496 Director of Syariah Business Unit 584 Financial Services Authority
496 List of Legal Consultants and Advisors References
Consolidated Financial
497 Internal Fraud 609 Statements 2014
497 Legal Issues
497 UUS Danamon Activities
501 Non-Halal Revenue and Allocation
512 Self-Assessment of UUS Danamon in
2014

2014 Performance Highlights
92.6 %
LDR was lowered significantly from
95.1% at the end of 2013 to 92.6%.
Assets Rp billion
195,709
184,237
155,791
142,292
118,392
Rp
2010 2011 2012 2013 2014 58.3trillion
CASA growth of 10% to Rp58.3
trillion.
Customer Deposits Rp billion
91,675
118,325
110,807
49 %
CASA to Total Customers
Deposits was 49% at end
of 2014.
88,054
80,986
CoC and NPL have been

manageable at 2.8% and
2010 2011 2012 2013 2014 2.3%. NIM was 8.4% from
9.6% a year earlier.

Rp
139 trillion
Total outstanding loans grew moderately at 3%.
69 trillion
Rp
Non-mass market loans grew at 5.2%.
Rp
11 trillion
Trade finance grew annually at 11% (cash loans).
Rp
2.6 trillion
Net profit after tax.

2014 Performance Highlights
Appropriation of Net Profits

1%
2013 30%
Dividend Payout
Reserve Fund
Retained Earnings
69%
Danamon maintain 30% Payout Ratio.
Danamons 2014 Annual General Meeting of Shareholders approved

30% allocation of Net Profit for dividend ratio amounting Rp 1,212
billion or equivalent to Rp126.50 per share.

Regulator
Basel II
Pillar 1 Pillar 2 Pillar 3
Disclosure
Minimum Supervisory
and
Capital Review
Market
Requirements Process
Discipline
In accordance to Bank Indonesias regulation,

Danamon has implemented the 3 Pillars of Basel II.

Danamon continues to strengthen micro

and SME banking products in order
to support growth in those segments,
particularly through synergies and
optimizing the use of branches to reach
and serve the various needs of customer
transactions.

Pasar Malam
Budi Santoso - Consumer Risk Management, Jakarta
Finalist - Traditional Market Photography Competition

Danamon constantly implements careful

and selective initiatives approach in
its operations in order to strengthen
the Banks balance sheet and improve
its credit quality, while also providing
sustainable growth for all stakeholders.

Pesona Pasar Terapung

Saraswati Ayu Rushadi - IT System Security Operation (IT SSO) BSD, Tangerang
Third Place - Traditional Market Photography Competition

Financial Highlights
(In Billions of Rupiah except Share Data)
2014 2013 2012 2011 2010
CONSOLIDATED BALANCE
SHEET
Assets 195,709 184,237 155,791 142,292 118,392
Earning Assets-gross a) 187,409 176,007 147,743 135,755 111,260
Loans-gross b) 139,057 135,383 116,583 101,859 82,658
Non Performing Loan 3,235 2,535 2,659 2,479 2,484
Marketable Securities -gross 8,910 7,748 7,328 4,822 5,326
Government Bonds 6,605 5,598 4,063 3,947 6,138
Deposits 118,325 110,807 91,675 88,054 80,986
Total Funding c) 136,728 126,557 101,698 97,658 88,190
Total Liabilities 162,691 152,684 127,058 116,583 99,863
Equity and Minority Interest 33,018 31,553 28,733 25,709 18,529
Investments - Net 158 12 12 12 12
Number of Shares Issues
9,584,643,365 9,584,643,365 9,584,643,365 9,584,643,365 8,417,125,466
and Fully Paid (in Unit)
CONSOLIDATED INCOME STATEMENTS

Interest Income 22,991 20,131 18,858 16,882 14,418
Interest Expense 9,312 6,600 5,936 6,033 4,510
Net Interest and
14,107 14,018 13,386 11,241 10,281
Underwriting Income
Other Operating Income 4,336 5,156 4,649 4,213 3,583
General and Administrative
3,652 3,689 3,388 3,080 2,545
Expenses
Salaries and Employees
5,811 5,713 5,163 4,413 3,839
Benefits
Allowance for Impairment
3,986 3,348 3,151 2,183 2,134
Losses
Net Operating Income 4,063 5,605 5,571 5,174 4,630
Non-Operating Expenses-Net 510 75 84 623 628
Income Before Tax and
3,553 5,530 5,487 4,551 4,002
Minority Interest
Income Tax Expense 870 1,371 1,370 1,149 1,018
Net Income 2,683 4,159 4,117 3,402 2,984
Net Income-attributable to
2,604 4,041 4,012 3,294 2,883
parent entity
Other Comprehensive
135 (83) (35) (76) 400
Income/(Expense)
Total Comprehensive Income 2,818 4,077 4,082 3,326 3,384
Basic Earnings Per Share 271.69 421.68 418.57 373.99 342.92
Comprehensive income
attributable to equity holders of 2,741 3,961 3,978 3,260 3,285
the parent entity
Comprehensive income
attributable to non-controlling 78 115 103 113 99
interest


2014 2013 2012 2011 2010
KEY FINANCIAL RATIOS (%)
I. Capital
1. Capital Adequacy Ratio
17.9 17.9 18.9 17.6 16.0
(CAR) Consolidated d)
CAR Tier I 17.7 17.3 18.4 17.0 15.1
CAR Tier II 0.2 0.6 0.5 0.6 0.99
2. Assets to Equity 6.6 6.6 6.3 6.4 7.6
II Earning Assets
1. Non-performing earning
assets and non productive
1.5 1.3 1.6 2.1 2.6
assets to total earnings
and non productive assets
2. Non-performing earning
assets to total productive 1.9 1.6 2.0 2.1 2.6
assets
3. Non Performing Loan
(NPL) to Total Loans - 2.3 1.9 2.4 2.5 3.0
Gross
4. Non Performing Loan
1.3 1.1 0.2 0.0 0.0
(NPL) to Total Loans - Nett
5. Allowance for impairment
losses for financial assets 2.3 2.3 2.2 2.3 2.9
to productive assets e)
6. Loan Loss Coverage 122.6 128.3 112.5 107.2 109.0
III. Rentability
1. Return on Average Assets
1.4 2.5 2.7 2.6 2.7
(ROAA)
2. Return on Average Equity
8.6 14.5 16.2 17.2 18.1
(ROAE)
3. Debt to Assets 0.83 0.83 0.82 0.82 0.84
4. Debt to Equity 4.93 4.84 4.42 4.53 5.39
5. Net Interest Margin (NIM) 8.4 9.6 10.1 9.9 11.3
6. Cost to income 55.7 52.6 50.8 51.8 50.1
7. Fee Income ratio 22.4 26.7 25.7 27.7 23.9
8. Operating Expense to
76.61 82.86 75.0 79.3 81.1
Operating Income
9. Cost of Funds 6,4 5,2 5,1 5,9 5,5


2014 2013 2012 2011 2010
IV. Liquidity
1. Loan to Deposit Ratio
92.6 95.1 100.7 98.3 93.8
(LDR) f)
2. CASA Ratio 49.2 48 47 41 40
V. Compliance
1.a. Percentage of Violation of Legal Lending Limit
a.1. Related Parties 0.0 0.0 0.0 0.0 0.0
a.2. Third Parties 0.0 0.0 0.0 0.0 0.0
b. Percentage of Excess of Legal Lending Limit
b.1. Related Parties 0.0 0.0 0.0 0.0 0.0
b.2. Third Parties 0.0 0.0 0.0 0.0 0.0
2. Minimum Reserve
19.7 18.2 17.6 14.6 17.8
Requirement in Rupiah g)
Primary 8.1 8.1 8.1 8.3 8.3
Secondary 11.64 10.1 9.4 6.3 9.6
3. Minimum Reserve
Requirement in Foreign 8.1 8.5 8.3 8.2 1.1
Exchange
4. Net Open Position 1.1 0.6 0.5 0.5 0.6
VI. Others
1. Total Employees h) 60,618 67,727 65,338 62,266 53,402
2. Total Branches h) 2,156 2,464 2,603 2,425 2,128
3. Total ATMs 1,473 1,483 1,467 1,258 1,083
The figures are derived from consolidated financial statements 2014, 2013 and 2012 audited by Public Accounting Firm
Purwantono, Suherman & Surja (a member firm of Ernst & Young Limited) and 2011 and 2010 audited by Public Accounting
Firm Siddharta & Widjaja (a member firm of KPMG International).
*) The consolidated financial statements as of December 31, 2011 and 2010 and for the years then ended had been restated in relation to the first time adoption of
SFAS 62, SFAS 28 (R2012), and SFAS 36 (2012).
Notes
a) Including loans, receivables from consumer financing of Adira Finance and Adira Kredit, lease receivable from Adira Finance,
current account with BI and other banks, placement with BI and other banks, marketable securities, derivative receivable.
b) Including receivables from consumer financing of Adira Finance and Adira Kredit
c) Including customers time deposit, time deposit from other banks and long term funding (>1 year maturity).
d) Minimum consolidated Capital Adequacy after credit risk, market risk and amortization of subordinate payables in 2008
and 2009. Minimum consolidated Capital Adequacy after credit risk, market risk and amortization of subordinate payables
in 2010. Minimum consolidated Capital Adequacy after credit risk, market risk and amortization of subordinate payables
in 2011 and 2012.
e) Loan Loss Provision of financial assets against productive assets has started in 2010 following the implementation of PSAK
50 and 55 (R2006)
f) Excluding time deposit from other banks.
g) Based on BI regulation No. 15/15/PBI/2008 dated 24 December 2013 regarding Minimum Statutory Reserve (GWM)
with Bank Indonesia in Rupiah and foreign currencies for conventional banks, effective 31 December 2014, primary GWM
in Rupiah is set at 8% of third party funds in Rupiah and secondary GWM at 4% of third party funds in Rupiah. GWM in
foreign currencies is st at 8% of third party funds in foreign currencies.
h) Including Adira Finance, Adira Kredit and Adira Insurance.

Net Operating Income CASA Ratio to TPF

Rp billion %
5,571 5,605 47
5,174 41
40 48
4,630
4,063 49
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
Assets
Rp billion
195,709
184,237
155,791
142,292
118,392
2010 2011 2012 2013 2014
Gross NPL Net Profit After Tax

% Rp billion
3.0 4,117 4,159

2.5 2.4 2.3 3,402
1.9
2,984 2,683
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014

Loans Customer Deposits

Rp billion Rp billion
139,057 118,325
135,383
110,807
116,583
91,675
101,859 88,054
80,986
82,658
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
ROAA ROAE
% %
2.7 2.7 18.1

2.6 2.5 17.2
16.2
14.5
1.4 8.6
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
NIM
%
11.3
10.1
9.9 9.6
8.4
2010 2011 2012 2013 2014

SOURCES AND UTILIZATION OF ZIS FUNDS

(In million Rupiah)
NO. DESCRIPTION 2014 2013 2012 2011 2010
1. Source of ZIS Funds
a. Zakat from bank - - - - -
b. Zakat from parties other bank 1,845 222 194 282 278
c. Infaq and Shadaqah 132 259 400 157 142
Total ZIS Funds 1,977 481 594 439 420
2. Utilization of ZIS Funds
2.1. Distributed through other party/institution
a. Dompet Dhuafa Republika 211 316 184 285 255
b. Baitul Maal Hidayatullah 0 - - 46
c. Baitul Maal Muamalat - - - - -
d. Bamuis BNI - - - - -
e. Dompet Peduli Ummat Daarut Tauhid - - - - -
f. LAZIS Dewan Dawah Islamiyah
- - - - -
Indonesia
g. LAZIS Muhammadiyah - - - - -
h. LAZNAS BMT - - - - -
i. LAZNAS BSM Ummat - - - - -
j. LAZNAS Persis - - - - -
k. Pos Keadilan Peduli Ummat - - - - -
l. Rumah Zakat Indonesia - - - - -
m. Amanah Takaful Institution - - - - -
n. Baitul Maal BRI Institution - - - - -
o. Dana Sosial Al Falah Institution - - - - -
p. Others 503 3 2 215 9
2.2. Directly Distributed - - - - -
Total Utilization of ZIS Funds 714 319 186 500 310
3. Increase (Decrease) on Utilization of ZIS Funds 1,263 162 408 (61) 110
4. ZIS funds at the beginning of the year 750 588 180 241 131
5. ZIS funds at the end of the year 2,013 750 588 180 241
SOURCES AND UTILISATION OF QARDH FUNDS

(In million Rupiah)
NO. DESCRIPTION 2014 2013 2012 2011 2010
1.Source of Qardh Funds
a. Infaq dan Shadaqah - - - - -
b. Penalties 1,284 1,119 370 373 294
c. Donation/grants - - - - -
d. Non-halal income - - - -
e. others - - 200 -
Total Qardh Funds 1,284 1,119 570 373 294
2. Utilisation of Qardh Funds
a. Financing - - - - -
b. Donation 1,232 621 221 414 433
c. Others - - - - -
Total Penggunaan Dana Qardh 1,232 621 221 414 433
3. Increase on Utilisation of Qardh Funds 52 498 349 (41) (140)
4. Qardh funds at the beginning of the year 1,125 627 278 319 459
5. Qardh funds at the end of the year 1,177 1,125 627 278 319

TABLE OF MARGIN DISTRIBUTION FOR THE MONTH OF DECEMBER 2014

2014 2013
Depositors portion Depositors portion
Total Rate of Total Rate of
Average Revenues to Average Revenues to
Nisbah bonus return Nisbah bonus return
No. Type of funding balance be distributed balance be distributed
(%) & profit Indications (%) & profit Indications
sharing (%) sharing (%)
A B C D E A B C D E
1. iB deposit current accounts
a.Bank 3,769 32 - - - 2,848 24 0.00 - -
b.Non bank 297,121 2,530 - - - 224,545 1,912 0.00 - -
2. iB deposit savings
a.Bank - - - - - - - 0.00 - -
b.Non bank 3,043 26 - - - 7,315 62 0.00 - -
3. iB savings
a.Bank 41,358 352 13.00 46 1.30 23,950 204 13.00 27 1.30
b.Non bank 441,273 3,758 13.00 489 1.30 376,448 3,206 13.00 417 1.30
4. iB deposits
a.Bank
- 1 month 203,542 1,733 46.00 797 4.61 1,653 14 46.00 6 4.61
- 3 months 67,742 577 46.00 265 4.61 0 0 46.00 0 4.61
- 6 months 84 1 46.00 0 4.61 0 0 46.00 0 4.61
- 12 months 4,245 36 46.00 17 4.61 3,080 26 46.00 12 4.61
b.Non bank
- 1 months 1,130,724 9,630 46.00 4,430 4.61 670,762 5,712 46.00 2,627 4.61
- 3 months 67,810 578 46.00 266 4.61 10,919 93 46.00 43 4.61
- 6 months 52,121 444 46.00 204 4.61 7,149 61 46.00 28 4.61
- 12 months 10,717 91 46.00 42 4.61 11,727 100 46.00 46 4.61
TOTAL 2,323,549 19,788 6,556 1,340,396 11,414 3,206

2012 2011 2010

Depositors portion Depositors portion Depositors portion
Total Rate of Revenues to Total Rate of Total Rate of
Average Revenues to Average Average Revenues to
Nisbah bonus return be Nisbah bonus return Nisbah bonus return
balance be distributed balance balance be distributed
(%) & profit Indications distributed (%) & profit Indications (%) & profit Indications
sharing (%) sharing (%) sharing (%)
A B C D E A B C D E A B C D E
3,056 26 0.00 - - 3,013 33 - - - 4,777 39 - - -

199,975 1,702 0.00 - - 223,689 2,421 - - - 344,771 2.832 - - -
- - 0.00 - - - - - - - - - - - -
7,208 61 0.00 - - 2,743 30 - - - 2,087 17 - - -
8,721 74 13.00 10 1.30 4,004 43 13.00 6 1.66 2,330 19 20.00 4 1.97

329,453 2,804 13.00 364 1.30 144,794 1,567 13.00 204 1.66 116,436 956 20.00 191 1.97
22,852 194 50.00 97 5.01 25,161 272 50.00 136 6.37 7,672 63 56.00 35 5.52
0 0 50.00 0 0.00 0 0 50.00 0 0.00 0 0 56.00 0 0.00
100 1 50.00 0 5.01 0 0 50.00 0 0.00 400 3 56.00 2 5.52
3,080 26 50.00 13 5.01 3,080 33 50.00 17 6.37 2,990 25 56.00 14 5.52
510,180 4,342 50.00 2,171 5.01 180,673 1,955 50.00 978 6.37 244,028 2,005 56.00 1,123 5.52
18,690 159 50.00 80 5.01 63,534 688 50.00 344 6.37 9,668 79 56.00 44 5.52
3,107 26 50.00 13 5.01 2,611 28 50.00 14 6.37 2,898 24 56.00 13 5.52
8,760 75 50.00 37 5.01 11,023 119 50.00 60 6.37 10,840 89 56.00 50 5.52
1,115,182 9,490 2,785 664,325 7,189 1,759 748,897 6,151 1,476

Shares and Bonds Highlights

Danamon on the Indonesia Stock Exchange (BDMN) 2014
Transaction Volume Daily Volume Share Price (Rupiah) Share Price
Transaction
99,000,000 7,000
93,500,000
88,000,000
6,000
82,500,000
77,000,000
71,500,000 5,000
68,000,000
60,500,000
4,000
55,000,000
49,500,000
44,000,000
3,000
38,500,000
33,000,000
27,500,000 2,000
22,000,000
16,500,000
1,000
11,000,000
5,500,000
0 0
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14
Volume and Share Price

Share 2014 2013
Price Market Cap Market Cap
(Rp) Highest Lowest Closing Average Highest Lowest Closing Average
(in million Rp) (in million Rp)
First
4,625 3,600 4,350 4,244 41.693.198,64 6,550 5,550 6,450 6,029 61,820,949.70
Quarter
Second
4,640 4,090 4,145 4,316 39.728.346,75 6,550 5,500 5,850 6,010 56,070,163.69
Quarter
Third
4,330 3,700 3,905 3,939 37.428.032,34 5,850 3,900 3,975 4,646 38,098,957.38
Quarter
Fourth
4,525 3,895 4,525 4,172 43.370.511,23 4,350 3,650 3,775 3,920 36,182,028.70
Quarter
Volume
(in million Highest Lowest Closing Average Highest Lowest Closing Average
shares)
First
14,523,100 385,700 6,077,500 4,809,670 20,884,000 562,000 9,795,500 3,792,950
Quarter
Second
12,965,500 656,300 1,490,700 2,970,488 24,180,000 592,500 5,158,000 5,666,222
Quarter
Third
15,104,200 309,800 2,567,100 4,295,685 21,592,500 685,000 6,015,000 5,218,910
Quarter
Fourth
6,985,800 269,800 1,343,800 2,611,303 31,207,500 492,500 2,184,500 3,724,767
Quarter
Source: Bloomberg
Note:
There were no temporary suspension on Danamons shares trading during 2014.

Danamon on the Indonesia Stock Exchange (BDMN) 2013

Transaction Volume Daily Volume Share Price (Rupiah) Share Price
Transaction
99,000,000 7,000
93,500,000
88,000,000
6,000
82,500,000
77,000,000
71,500,000 5,000
68,000,000
60,500,000
4,000
55,000,000
49,500,000
44,000,000
3,000
38,500,000
33,000,000
27,500,000 2,000
22,000,000
16,500,000
1,000
11,000,000
5,500,000
0 0
Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13
Volume and Share Price

2013 2012
Share
Price Market Cap
Market Cap
(Rp) Highest Lowest Closing Average (in million Highest Lowest Closing Average
(in million Rp)
Rp)
First
6,550 5,550 6,450 6,029 61,820,949.70 4,825 4,150 4,600 4,514 44,089,359.48
Quarter
Second
6,550 5,500 5,850 6,010 56,070,163.69 6,450 4,900 6,000 5,893 57,507,860.19
Quarter
Third
5,850 3,900 3,975 4,646 38,098,957.38 6,300 5,900 6,250 6,057 59,904,021.03
Quarter
Fourth
4,350 3,650 3,775 3,920 36,182,028.70 6,250 5,400 5,650 5,953 54,153,235.01
Quarter
Volume
(in million Highest Lowest Closing Average Highest Lowest Closing Average
shares)
First
20,884,000 562,000 9,795,500 3,792,950 30,019,500 942,500 16,609,500 4,758,500
Quarter
Second
24,180,000 592,500 5,158,000 5,666,222 102,428,500 1,088,500 6,216,000 10,234,992
Quarter
Third
21,592,500 685,000 6,015,000 5,218,910 27,625,000 894,000 6,772,000 4,456,811
Quarter
Fourth
31,207,500 492,500 2,184,500 3,724,767 16,821,500 324,000 2,208,000 3,220,692
Quarter
Source: Bloomberg
Note:
There were no temporary suspension on Danamons shares trading during 2013.

Shares and Bonds Highlights
STOCK PERFORMANCE 2014 2013 2012 2011 2010
AUTHORIZED CAPITAL
Total Number of Shares
A Series Shares 22,400,000 22,400,000 22,400,000 22,400,000 22,400,000
B Series Shares 17,760,000,000 17,760,000,000 17,760,000,000 17,760,000,000 17,760,000,000
Total par value (in Rupiah million)
A Series Shares 1,120,000 1,120,000 1,120,000 1,120,000 1,120,000
B Series Shares 8,880,000 8,880,000 8,880,000 8,880,000 8,880,000
Issued and fully paid Capital

A Series Shares 22,400,000 22,400,000 22,400,000 22,400,000 22,400,000
B Series Shares 9,562,243,365 9,562,243,365 9,562,243,365 9,562,243,365 8,394,725,466
Total par value (in Rupiah million)
A Series Shares 1,120,000 1,120,000 1,120,000 1,120,000 1,120,000
B Series Shares 4,781,122 4,781,122 4,781,122 4,781,122 4,197,363
Unissued Capital
A Series Shares 0 0 0 0 0
B Series Shares 8,197,756,635 8,197,756,635 8,197,756,635 8,197,756,635 9,365,274,534
Total Dividend (in Rupiah million) * 1,212,505 1,203,562 1,000,880 1,009,229
Earnings per Share (Rupiah) 272 421,68 418.57 378.78 342.92
Dividend Payout Ratio (%) * 30 30 30 35
Dividend Growth * 1 20 (0,83) 31.70
AGSM Date April 7, 2015 May 7, 2014 May 10, 2013 March 27, 2012 March 30, 2011
Dividend Payment Date * June 18, 2014 June 19, 2013 May 8, 2012 May 10, 2011
Price Earnings Ratio** 16.66 8.95 13.50 10.82 16.64
Book Value of Shares (Rupiah) 3,420 3,261 2,973 2,674 2,192
* To be determined at the upcoming AGMS 2015 or any other date in compliance with the prevailing laws and regulations
** Based on year end share price

Securities Ratings

PEFINDO Outlook Stable
November 2014 LT General Obligation idAAA
Standard & Poors Outlook Stable
December 2014 LT Issuer Credit BB
ST Issuer Credit B
Fitchs Outlook Stable
August 2014 LT Issuer Default Rating BB+
ST Issuer Default Rating B
Support Rating 3
Viability bb+
National Long Term AA+ (idn)
Moodys Outlook Stable
September 2014 Long Term Rating Baa3
Foreign LT Bank Deposits Baa3
Local LT Bank Deposits Baa3
Bank Financial Strength D
Foreign Currency ST Debt P-3
Local Currency ST Debt P-3
Prime Lending Rate

Prime Lending Rate in Rupiah PT Bank Danamon Indonesia, Tbk. 31 December 2014
Prime Lending Rate in Rupiah Based on Business Segment
Corporate Retail Micro Consumption Loans
Loans Loans Loans Mortgage Non Mortgage
Prime Lending Rate 12.30% 13.25% 21.01% 12.25% 17.50%
Description:
a. Prime Lending Rate is used as basic calculation of credit interest the Bank will apply to the customers. Prime Lending Rate has not included
calculation of estimated risk premium which amount depends on Bank assesment against the risk of each or group of debitors. Hence, the
rate of lending interest applied to debitors is not necessarily same with Prime Lending Rate.
b. Prime Lending Rate does not include credit secured with cash.
c. Corporate Credit includes credit disbursement to corporate and commercial customers.
d. Prime Lending Rate for micro credit is Prime Lending Rate for credit secured with collateral binded accordingly to law and regulation.
e. Prime Lending Rate for consumption credit non mortgage particulary is a Prime Lending Rate for Otomotive Credit (two wheeler vehicle)
which is provided to customers through a joint financing scheme and does not include fund provision through credit card and unsecured
loan.
f. If necessary, the Bank at anytime applies changes in information of Prime Lending Rate.
g. Information of applicable Prime Lending Rate can be viewed in publication in every branches and/or the Banks website (www.danamon.
co.id)

Stocks, Bonds and Sukuk Highlights

Fixed Interest
Net
Bapepam Nominal Rate p.a.
Name of the Bonds/Nominal Principal P
Effective Date / Series Amount /First Payment/ Due Date
Amount/Rating
IDX Listing Date Installment Of
(Rp bn) Last
Fund
Payment
Bank Danamon Bonds II Year 2010 29 November A 1,879 8,75%/ 9 Maret 9 9 Des 2013
with Fixed Rate Interest/2,800/ 2010/ 10 Desem- 2011/ jatuh tempo Des-13 (jumlah dibayar
idAA+ ber 2010 pada saat jatuh
tempo)
a)
B 921 9,00% / 9 Maret 9-Des-15 9 Des 2015

2011/ jatuh tempo (jumlah dibayar
pada saat jatuh
tempo)

t Initial
Public The Capital Market Supporting Coupon Paid in Total
Use of proceeds Description
ffering Institutions and Professionals 2014 Payment
d (Rp bn)
The proceed of Custodian: 11-Mar-13 41.103.125.000.00 Kupon ke-9

the bonds issu- PT. Bank Mandiri (Persero) Tbk
ance has been 10-Jun-13 41.103.125.000.00 Kupon ke-10
fully used to Public Accountant: 9-Sep-13 41.103.125.000.00 Kupon ke-11
extend credit in Siddharta & Widjaja (a member
the micro (60%), firm of KPMG International) 9-Des-13 41.103.125.000.00 Kupon ke-12
SME (25%) and
Total 164.412.500.000.00 Dibayar
others segments Legal Consultant:
penuh
(15%) Hadiputranto, Hadinoto & Partners
921 Rating Company: 11-Mar-13 20.72.500.000.00 Kupon ke-9

PT. Pemeringkat Efek Indonesia 10-Jun-13 20.722.500.000.00 Kupon ke-10
Underwriter: 9-Sep-13 20.722.500.000.00 Kupon ke-11
PT Victoria Sekuritas
9-Des-13 20.722.500.000.00 Kupon ke-12
Total 82.890.000.000.00
11-Mar-13 20.722.500.000.00 Kupon ke-9

10-Jun-13 20.722.500.000.00 Kupon ke-10
9-Sep-13 20.722.500.000.00 Kupon ke-11
9-Des-13 20.722.500.000.00 Kupon ke-12
Total 82.890.000.000.00

Fixed Interest Rate Net Initial

Bapepam Nominal
Name of the Bonds/Nominal p.a. Due Public
Effective Date / Series Amount Principal Installment
Amount/Rating
IDX Listing Date /First Payment/Last Date Offering
(Rp bn)
Payment Fund (Rp bn)
Adira Dinamika Multi Finance Bonds V 18 May 2011 / 30 C 567 9.60%/ 27 August 2011/ 27-May- 27 May 2014 (bullet 2,492
Year 2011/Rp 2,5 Tn/idAA+ May 2011 on due date 14 payment on due date)
D 1,161 10.00%/ 27 August 2011/ 27-May- 27 May 2015 (bullet

on due date 15 payment on due date)
Adira Dinamika Multi Finance 9 Dec 2011 / 19 B 665 8.00%/16 March 2012/on 16-Dec-14 16 Dec 2014 (bullet 2,514
Sustainable Bonds I Phase I Year 2011/ Dec 2011 due date payment on due date)
Rp2,5 Tn/idAA+
C 1,533 9.00%/16 March 2012/on 16-Dec-16 16 Dec 2016 (bullet

due date payment on due date)
Adira Dinamika Multi Finance 9 Dec 2011/ 7 May B 200 7.50%/04 August 2012/ 4-May-14 04 May 2014 (bullet 1,845
Sustainable Bonds I Phase II Year 2012/ 2012 on due date payment on due date)
Rp1,8 Tn/idAA+
C 864 7.75%/04 August 2012/ 4-May-15 04 May 2015 (bullet

on due date payment on due date)
Adira Dinamika Multi Finance 9 Dec 2011/28 Sep B 578 7.75%/27 December 27-Sep-15 27 Sept 2015 (bullet 1,623
Sustainable Bonds I Phase III Year 2012/ 2012 2012/on due date payment on due date)
Rp1,6 Tn/idAA+
C 673 8.75%/27 December 27-Sep-17 27 Sept 2017 (bullet

2012/on due date payment on due date)

Coupon Paid
Total
Use of proceeds The Capital Market Supporting Institutions and Professionals in Payment
Description
2014
The proceeds have been fully Custodian: Coupon 27 Fully paid

used for automotive financing PT. Bank Negara Indonesia (Persero) Tbk 11th,12th
(Letter No. 087/ADMF/CS/
VII/2011 dated 18 July 2011). Public Accountant:
Siddharta & Widjaja (a member firm of KPMG International)
Legal Consultant:
Coupon 116 Fully paid
Thamrin & Rachman
11th,12th,13th,14th
Rating Company:
Pefindo
Joint Lead Underwriters:

PT Standard Chartered Securities Indonesia
PT DBS Vickers securities Indonesia
PT Indo Premier Securities
PT Mandiri Sekuritas
Underwriter:
PT Kresna Graha Sekurindo Tbk
PT NISP Sekuritas
used for automotive financing PT. Bank Negara Indonesia (Persero) Tbk 9th,10th,11th,12th
(Letter No. 003/ADMF/
CS/I/2012 dated 13 January Public Accountant:
2012). Siddharta & Widjaja (a member firm of KPMG International)
Legal Consultant:
Thamrin & Rachman
9th,10th,11th,12th
Rating Company:
PT. Pemeringkat Efek Indonesia
Joint Lead Underwriter:

PT CIMB Securities Indonesia
The proceeds have been fully Custodian: Coupon 7th,8th 8 Fully paid
used for automotive financing PT. Bank Negara Indonesia (Persero) Tbk
VII/12 dated 9 July 2012). Public Accountant:
Siddharta & Widjaja (a member firm of KPMG International)
Legal Consultant:
Thamrin & Rachman
7th,8th,9th,10th
Rating Company:
Pefindo

PT OSK Nusadana Securities Indonesia

used for automotive financing PT. Bank Negara Indonesia (Persero) Tbk 6th,7th,8th,9th
(Letter No. 155/ADMF/CS/X/12
dated 15 Oct 2012) & (Letter Public Accountant:
No.160/ADMF/CS/XI/12 dated Purwantono, Suherman & Surja (a member of Ernst & Young Global Limited)
7 November 2012)
Legal Consultant:
Thamrin & Rachman
6th,7th,8th,9th
Rating Company:
Pefindo

PT Danareksa Sekuritas


Bapepam Nominal
Amount/Rating
(Rp bn)
Adira Dinamika Multi Finance 21 Feb 2013/ 4 A 439 6.85%/11 June 2013/on 11-Mar-14 11 Mar 2014 (bullet 1,992
Sustainable Bonds II Phase I Year 2013/ March 2013 due date payment on due date)
Rp2 Tn/and idAA+
B 157 7.30%/01 June 2013/on 1-Mar-15 01 Mar 2015 (bullet

C 553 7.85%/01 June 2013/on 1-Mar-16 01 Mar 2016 (bullet

D 851 8.90%/01 June 2013/on 1-Mar-18 01 Mar 2018 (bullet

Adira Dinamika Multi Finance Sukuk 21 Feb 2013/ 4 A 66 Sharing revenue ratio 11-Mar-14 11 Mar 2014(bullet 378
Mudharabah Sustainable I Phase I Maret 2013 57.083%/(equivalent to payment on due date)
2013/Rp379 Bio/idAA+(sy) 6.85% p.a)/1 June 2013/
on due date
B 27 Sharing revenue ratio 1-Mar-15 11 Mar 2015 (bullet

60.833%/(equivalent to payment on due date)
7.30% p.a)/1 Juni 2013/
on due date
C 286 Sharing revenue ratio 1-Mar-16 11 Mar 2016 (bullet

65.417%/(equivalent to payment on due date)
7.85% p.a)/1 Juni 2013/
on due date
Adira Dinamika Multi Finance 21 Feb 2013/25 A 722 9.15%/24 Jan 2014/on 3-Nov-14 03 Nov 2014 (bullet 2,086
Sustainable Bonds II Phase II 2013/ Oct 2013 due date payment on due date)
Rp2,1 Tn/and idAA+
B 880 10.50%/24 Oct 2016/on 24 Oct 16 24 Oct 2016 (bullet

C 490 11.00%/24 Jan 2014/on 24 Oct 18 24 Oct 2018 (bullet

Adira Dinamika Multi Finance 21 Feb 2013/16 A 687 9.6%/18 Aug 2014/on 24-May- 24 May 2015 (bullet 1,495
Sustainable Bonds II Phase III 2014/ May 2014 due date 15 payment on due date)
Rp1,5 Tn/and idAA+
B 363 10.50%/18 Aug 2014/on 14 May 14 May 2017 (bullet

due date 17 payment on due date)
C 450 10.75%/18 Aug 2014/on 14 May 14 May 2019 (bullet

due date 19 payment on due date)

Coupon Paid
Total
Description
2014
The proceeds have been fully Custodian: Coupon 4th 8 Fully paid
IV/13 dated 15 April 2013). Public Accountant:
Purwanto, Suherman & Surja (a member of Ernst & Young Global Limited)
Legal Consultant: 4th,5th,6th,7th
Thamrin & Rachman
Rating Company:
Pefindo Coupon 43 Fully paid
4th,5th,6th,7th
PT Danareksa Sekuritas
PT HSBC Securities Indonesia
PT Indo Premier Securities Coupon 76 Fully paid
PT Standard Chartered Securities Indonesia 4th,5th,6th,7th
The proceeds have been fully Custodian: Coupon 4th 1 Fully paid
IV/13 dated 15 April 2013) Public Accountant:
& (Surat No. 096/ADMF/CS/ Purwanto, Suherman & Surja (a member of Ernst & Young Global Limited)
VII/13 dated 15 July 2013)
Legal Consultant:
Coupon 2 Fully paid
Thamrin & Rachman
4th,5th,6th,7th
Rating Company:
Pefindo

PT Danareksa Sekuritas Coupon 22 Fully paid
PT HSBC Securities Indonesia 4th,5th,6th,7th

used for automotive financing PT. Bank Negara Indonesia (Persero) Tbk 1st,2nd,3th,4th
XI/13 dated 22 November Public Accountant:
2013). Purwanto, Suherman & Surja (a member of Ernst & Young Global Limited)
Legal Consultant:
Thamrin & Rachman
1st,2nd,3th,4th
Rating Company:
Pefindo

PT Danareksa Sekuritas Coupon 54 Fully paid
PT DBS Vickers Securities Indonesia 1st,2nd,3th,4th
PT HSBC Securities Indonesia
Underwriter:
PT Samuel Sekuritas Indonesia
The proceeds have been fully Custodian: Coupon 1st,2nd 33 Fully paid
VI/14 dated 16 June 2014). Public Accountant:
Legal Consultant:
Coupon 1st,2nd 19 Fully paid
Thamrin & Rachman
Rating Company:
Pefindo

PT Danareksa Sekuritas Coupon 1st,2nd 24 Fully paid
PT DBS Vickers Securities Indonesia


Bapepam Nominal
Amount/Rating
(Rp bn)
Adira Dinamika Multi Finance 21 Feb 2013/13 A 607 9.6%/12 Feb 2015/on 22-Nov-15 22 Nov 2015 (bullet 1,498
Sustainable Bonds II Phase IV 2014/ Nov 2014 due date payment on due date)
Rp1,5 Tn/and idAAA
B 808 10.50%/12 Feb 2015/on 12 Nov 17 12 Nov 2017 (bullet

C 88 10.75%/12 Feb 2015/on 12 Nov 19 12 Nov 2019 (bullet

Adira Dinamika Multi Finance Sukuk 21 Feb 2013/13 A 88 Sharing revenue ratio 22-Nov-15 22 Nov 2015 (bullet 132
Mudharabah Phase II 2014/Rp133 Nov 2014 80%(equivalent to 9.6% payment on due date)
Bio/idAAA p.a)/12 Feb 2015/on due
date
B 45 Sharing revenue ratio 12 Nov 17 12 Nov 2017 (bullet

87.50%(equivalent to payment on due date)
10.50% p.a)/12 Feb 2015/
on due date

Coupon Paid
Total
Description
2014
The proceeds have been fully Custodian: - - -

VII/14 dated 15 Dec 2014). Public Accountant:
Legal Consultant:
- - -
Thamrin & Rachman
Rating Company:
Pefindo

PT Danareksa Sekuritas - - -
The proceeds have been fully Custodian: - - -

VII/14 dated 15 Dec 2014). Public Accountant:
Legal Consultant:
- - -
Thamrin & Rachman
Rating Company:
Pefindo

PT Danareksa Sekuritas - - -

Significant Events
13 Jan Sustainability Report Workshop

Danamon held a Sustainability Report Workshop based
on the Global Reporting Initiative 4.0 standard to provide
understanding to employees on the importance of reporting
the Banks sustainability performance and as a preparation for
2013 Sustainability Report. Danamon held another workshop on
December 12, 2014 complete with Carbon Footprint socialization
for the 2014 Sustainability Report.
28 Jan 6th National Clean Market Day and Pasar Sejahtera National
Seminar
Yayasan Danamon Peduli with the Sragen District Government
organized the 6th National Clean Market Day (Hari Pasar Bersih
Nasional/HPBN) and Pasar Sejahtera National Seminar, as part
of the Pasar Sejahtera program, to raise public participation
to support the revitalization of traditional markets through the
development of a pilot market.
04 Feb Danamon Privilege Fengshui Talkshow 2014

In celebrating the Chinese New Year of 2565 and as a form
of appreciation for the loyal customers of Danamon Privilege
throughout Indonesia, Danamon organized a series of Danamon
Privilege Fengshui Talkshow Series events in 7 major cities across
Indonesia. Feng shui expert, Yohan Suyangga, presented How
to succeed given the Business and Investment Opportunities in
2014 in the Wood Horse year or 2565 according to the science of
feng shui.
12 Feb Danamon Announced Performance Results of 2013

Danamon announced its financial results of 2013 during
Danamons Public Expose on February 2014 in Jakarta.

14 Feb Chinese New Year Customer Gathering 2014

This event was held in the Four Seasons, Jakarta, attended by
Danamons customers and management.
17 Mar Pemenang Red Match Mengunjungi Old Trafford

Danamon, the sole license holder of Manchester United cards in
Indonesia, took the winners of the December 20, 2013 Red Match
program to watch the Big Match of Manchester United against
Liverpool on March 16, 2014 at Old Trafford Stadium, Manchester,
England.
26 Mar Strategic Cooperation with Indosat

The strategic cooperation to create an integrated services program
(bundling) between banking products and telecommunication
services aims to support the cashless society movement and
specifically Danamons vision as a comprehensive financial
services provider.
10 Apr iB Vaganza, Exciting Syariah Banking.

Danamon Syariah participated in the Expo iB Vaganza, for the 4th
time. The expo was held in Tang City Mal, Tangerang on April 10-
13, 2014 with the theme Exciting Syariah Banking.

Significant Events
16 Apr Danamon Announced the Financial Results of First Quarter

2014
The first quarter of 2014 Danamon was announced during
Danamons Public Expose in Jakarta.
24 Apr Indonesia Trade & Commodity Finance Conference

Danamon acted as the main sponsor in the Indonesia Trade
& Commodity Finance Conference organized by Global Trade
Review, an international trade finance industry media. Danamon
is one of the most active banks in the trade finance business in
Indonesia.
05 May Launching on the Socialization of SiMOLEK

Danamon and the Financial Services Authority (OJK) initiated
a series of socialization event for the Mobile Financial Literacy
(SiMOLEK) at Pasar Juanda, Bekasi, West Java. SiMOLEK
activities which took place in 14 cities in Indonesia within the
period of May 5-11, 2014 is implemented under the collaboration
of OJK and Danamon to encourage people to get better acquinted
with the bank and to become wiser in managing their own finance
(SIKAPI Program).
07 May Annual General Meeting of Shareholder (AGMS) of Danamon

The AGMS of Danamon among others approved the Annual
Report and Financial Statements for the fiscal year of 2013 and the
dividend payment for the fiscal year of 2013.

30 Jun Danamon and Adira Fast Breaking Together with Media

Danamon, Adira Finance and Adira Insurance held a fast breaking
event with the media and presented the latest information on the
performance and development of the Danamons syariah business
unit. Social funds were also presented to a number of institutions
during this events.
17 Jul Danamon Announced the Financial Results of First Semester

2014
Danamon announced iis first half results during its Public Expose
on July 17, 2014.
24 Aug 4th Bulan Kepedulian Lingkunganku Main Event

The Danamon Peduli Foundation together with Danamon and its
subsidiaries, held the Bulan Kepedulianku main event in 2014.
This event promotes awareness, preservation of the environment
and social investment activities of Danamon and Adira. Cascading
the message of environmental conservation, this activity is carried
out in every element of the corporation under the partnership of
Danamon and Adira throughout Indonesia.
28 Aug Indonesian Banking Expo (IBEX) 2014

Danamon as a member of PERBANAS, took part as a sponsor and
participant in the Indonesia Banking Expo (IBEX) 2014 which was
held in Jakarta Convention Center on 28th to 30th of August 2014.

Significant Events
16 Sep Launching of Tabungan BISA iB dan Tabungan BISA Qurban iB

Danamon Syariah launched its two new products Tabungan BISA
iB and Tabungan BISA Qurban iB. Tabungan BISA iB is a savings
product based on the principle of Mudaraba (profit sharing) which
features a variety of advantages to the customers such as free,
easy, safe and convenient banking transactions through various
channels. Tabungan BISA Qurban iB applies the Syariah Mudaraba
principles to help customers prepare their funding needs for the
qurban of Idul Adha.
16 Oct Danamon Announced the Financial Results of Third Quarter

2014
Danamon held a public expose in Jakarta to announce the Banks
third quarter 2014 results.
30 Oct The 8th Danamon Social Entrepreneur Awards (DSEA) and

Bisa! Award 2014 Awarding Night
DSEA is a tribute and a token of appreciation of Danamon to
those actively promoting social welfare and creating sustainable
entrepreneurship in addressing social issues in their respective
community. Bisa! Award 2014 was presented to the employees of
Danamon and its subsidiaries, Adira Finance, Adira Insurance and
Adira Kredit who have demonstrated the Bisa! Spirit and cultural
values of the company.
04 Nov Danamons participation in the Indonesian Bankers

Association (IBA)
This event is hoped to generate qualified bankers in future who
will provide the excellent services and financial solutions to its
customers.

17 Nov DMobile (Danamon Mobile Banking) Launch

D-Mobile provides convenient means to conduct banking
transaction through smartphones that are connected to a data
network GPRS/3G, EVDO-CDMA, WiFi). In addition to performing
banking transactions such as fund transfer, voucher reload, and
bill payment, D-Mobile also presents innovative features including
SosMed D-Cash, which allows users to provide funds to their
Facebook friends, and augmented reality, which gives users an
interactive tool to find the nearest Danamon promo within 5KM
radius through this application.
18 Nov Media Workshop of Danamon and Adira

Danamon and its subsidiaries, Adira Finance, Adira Insurance dan
Adira Kredit, organized a media workshop Indonesia Financial
Industry Performance - Review of 2014 and Predictions for
2015. Media Workshop is held every year to provide financial
and banking education as well as on the development of the
companys business, and to strengthen relationship with the
journalist and media institutions.
20 Dec Pasar Keuangan Rakyat 2014

Danamon participated in the 2014 Peoples Financial Market
organized by the Financial Services Authority Towards Smart
Indonesia Finance Jakarta International Expo - Arena PRJ
Kemayoran Jakarta.

Business Review
Morning Shock (Keriuhan Pasar Pagi)
Harry Husnan Kurniawan - Alternate Channel Division, Jakarta
Finalist - Traditional Market Photography Contest

Management
Reports

Report from the Board of Commissioners
We focused our efforts on

strengthening foundation,
prudently managing loan risk,
and improving services to
deliver sustainable growth.

Ng Kee Choe
President Commissioner

Dear Valued shareholders,
On behalf of the Board of Commissioners, REVIEW OF THE BANKING INDUSTRY

I would like to convey our appreciation to the AND ECONOMY IN 2014
Board of Directors and the management team In 2014, the Indonesian banking industry
for their achievements amidst the challenges of saw the economy slowing down further. The
2014. countrys economy grew by 5.1%, a slower
pace than 5.8% a year ago.
In 2014, Bank Danamon focused much of its
efforts to further strengthen its foundation. Another challenge was the tight liquidity
Steps had been taken to significantly improve in the domestic money markets. The US
operational efficiency and increase service Federal Reserves decision to normalize its
network productivity through business monetary policy resulted in an outflow of funds
processes centralization, consolidations, from emerging markets. This along with an
and reinforcing synergy between the Banks increase in subsidized fuel prices, which raised
business units. These steps, along with inflationary pressures, lead to Bank Indonesia
decisions to prudently manage loan risk and to (BI) raising its benchmark interest rate twice in
improve customer service will help the Bank to the last 2 years.
better secure its sustainable long-term growth.
In 2014, Indonesian commodity exports still
It is important for a bank to ensure its ability to faced a weak global economy, a trend that was
operate from a position of strength when times experienced by many emerging economies
are favorable and limit any adverse effects since 2011. Although recent US economic
when times are more challenging. indicators have picked up, the recovery have
yet to be shared by other major markets for
primary commodities, such as, Japan, Europe
and China.

The banking industry had to cope with prioritize loan quality is noted and appreciated.
unfavorable economic conditions following the Loan growth mostly came from mid-size
end of the export commodity boom period. Commercial customers (including Syariah)
The presidential and legislative elections held and the SME businesses. There was also
during the year went well and orderly, but strong growth in Trade Finance, and the Retail
business investment decisions have been put segment.
on hold temporarily.
On the funding side, total funding grew by 4%
Given this backdrop, we support the Board to Rp 145.7 trillion with current and savings
of Directors decision to grow prudently and account (CASA) deposits recording growth of
prioritize loan quality. Going forward, this would 10% yoy, while the CASA over total funding
strengthen Danamons capacity to expand its ratio increased to 49%. Regulatory Loan to
market in the near future and contribute to the Deposit ratio at the end of 2014 was 92.6%,
economic recovery. improving from 95.1% at the end of December
2013, and below our industrys (BUKU 3 banks)
Indeed, by the end of 2014 there have been LDR of 99.6%
positive improvements in Indonesian exports,
and the new government has shown its political Rentability
willingness to cut fuel subsidies in return for For 2014, Danamon made a normalized*
more infrastructure development. consolidated net profit after tax (NPAT) of
Rp 3.453 trillion, while the reported NPAT
BOARD OF DIRECTORS is at Rp 2.604 trillion. Reported profitability
PERFORMANCE ASSESSMENT AND ratios of ROAA and ROAE are 1.4% and 8.6%
ITS BASIS respectively.
Business Achievement
In the midst of a challenging environment, we Initiatives to carefully manage operating
are satisfied with the overall results delivered expenditures have positively impacted
by the Board of Directors. Danamons total Danamons bottom line. The increase of
outstanding loans increased by 3% to Rp 139 operating expenditures was kept at 2%,
trillion, carrying a manageable non-performing during the year of more than 8% inflation rate.
loan ratio (NPL) of 2.3%. The Managements This has been important in a situation where
approach to grow its loans prudently and management tend to be very selective in loan
*Normalized NPAT is the figure before the application of the OJK regulation on insurance fee impacting Adira Finances fee income recognition
and before restructuring cost.

disbursements. Danamon also benefited from EVALUATIONS OF COMMITTEES

having a diversified financial service portfolio UNDER BOARD OF COMMISSIONERS
where the insurance business, continued to SUPERVISION
grow and its health and personal accident The Committees under the Board of
businesses were further developed. This has Commissioners supervision are the Audit
contributed to consolidated revenue and profit. Committee, the Risk Monitoring Committee,
the Corporate Governance Committee, the
Capital Nomination Committee, and the Remuneration
Strong capital management is reflected in CAR Committee. Based on the Board of
of 17.9% which is significantly higher than Commissioners evaluation, the Committees
the minimum requirement (9%-10%). Capital have carried out their responsibilities well and
management of the Bank is supported by a have contributed in assisting the Board of
strong capital planning. Commissioners.
Risk Profile Audit Committee

The Board of Commissioners evaluated that The Audit Committee has successfully
the Board of Directors has implemented a accomplished its function as the reviewer
sound risk management. Risk management of the Banks financial statements, business
covered 8 (eight) risks inherent in the Banks and audit processes, internal control system,
and subsidiaries activities. The Bank and and compliance risk management process.
consolidated risk profiles were determined at The Committee has effectively carried out
Low to Moderate (2). its responsibility to ensure the integrity and
accuracy of financial statements and adequacy
The Board of Directors initiatives in risk of internal control as well as ascertain all
management related to internal control significant matters have been properly
include the continuous socialization of addressed. Furthermore, the Committee
operational procedures, enhancement of has effectively evaluated the process and
customers education, firm sanctions imposed provides recommendations in regards to the
on fraudsters, development of fraud control appointment of the Public Accountant.
function at each business units. These
initiatives have contributed positively toward Risk Monitoring Committee
minimizing fraud incidences. Attribution should also be given to the Risk
Monitoring Committee that monitors the
Banks risk management issues. Through the
exercise of prudent supervision coupled with
constructive feedbacks from the Committee,
Danamon was able to exhibit well managed
loan quality, a relatively low non-performing
loan ratio, and a good composite risk profile.

Corporate Governance Committee GOOD CORPORATE GOVERNANCE

The Corporate Governance Committee Danamon is a company that is strongly
exercised its function through continuous committed to the implementation of good
review and enhancement of good governance corporate governance. The Board of
practices at Danamon which are critically Commissioners views that the Bank has made
important for the Banks sustainability significant progress with regards to good
and enhanced valuation. The Committee governance practices in its daily operations.
actively monitors and provides advices on
the implementation of various corporate Danamon has implemented a variety of key
governance initiatives. The Committees and initiatives such as: GCG Self-Assessment,
Managements relentless efforts have brought Alignment with ASEAN CG Scorecard,
Danamon forward as one of the respected Consumer Protection Policy, Proper
institutions in terms of good governance. Composition of Committees, and Improvement
on Board of Commissioners and Committees
Remuneration Committee and Nomination Charters, Related and Affiliated Party List,
Committee Expense Policy, Risk Modeling and Integrated
For better governance, the previous Negative List.
Remuneration and Nomination Committee
has been separated into two Committees, Both the BOC and BOD strongly believe that
namely: the Nomination Committee and implementing good corporate governance
the Remuneration Committee. The Board practices plays an important role in attaining
of Commissioners is of the opinion that the shareholders, stakeholders and public trust
Nomination Committee has done a very and acceptance, which ultimately will enhance
good job in terms of reviewing, assessing, company valuation.
and recommending systems and procedures
relating to the selection, changes, and CORPORATE SOCIAL RESPONSIBILITY
appointment of Members of the Board of The Board of Commissioners supports
Commissioners, Members of the Board of Danamons corporate social responsibility
Directors, and Independent Parties for the (CSR) activities, which is carried out by
relevant Committees under the Board of Yayasan Danamon Peduli (YDP) and the
Commissioners. Similar with the Nomination Bank. YDP currently implements Danamons
Committee, the Board of Commissioners CSR activities across four major programs:
appreciates the Remuneration Committees Market Revitalization (Pasar Sejahtera), Natural
contributions in terms of independent evaluation Disasters Rapid Response, Environmental
and recommendation on the structure and Care Month (Bulan Kepedulian Lingkungan)
policy of remuneration for the Board of and Preservation of Regional Icons. The Bank
Commissioners, Board of Directors, and Senior also promotes financial literacy programs as
Management, that was designed fairly based part of its CSR activities across the country.
on agreed upon target and objectives.

In 2014, the Bank has made enhancements The Board of Commissioners have evaluated
to improve the quality of its CSR programs the Board of Directors 2015 business targets
so it can be used as a model of positive including the accompanying strategies and
engagement between the private sector and initiatives and view that Management will
local government. be able to deliver the expected results and
performances through proper execution.
BOARD OF COMMISSIONERS VIEW
ON THE BUSINESS PROSPECTS AND CHANGES AND REASON FOR CHANGES
BASIS FOR CONSIDERATION TO THE COMPOSITION OF THE BOARD
The newly elected government of Indonesia OF COMMISSIONERS
has expressed its strong commitment to In 2014, there were changes in the Board of
address many structural issues, and turn the Commissioners composition. Milan R. Shuster,
government budget into a major driver of Harry AS Sukadis and B. Raksaka Mahi were
economic growth. On the external side, the unwilling to be reappointed at the Banks
performance of the global economy and its 2014 Annual General Meeting of Shareholders
effects in Indonesia remains mixed, owing to (AGMS). Made Sukada and Andriaan Laoh
the current weakness in the Indonesias major were appointed as the Banks new Independent
export markets and uncertainty over the US Commissioners. JB Kristiadi and Manggi
Federal Reserve monetary policy. Taruna Habir were reappointed as Independent
Commissioners. Later in the year, Andriaan
Accordingly, Danamon will continue its Laoh decided to resign from Danamon to
strategies through a new target operating model pursue his personal interests. The Board of
for micro credits, expand market share in small, Commissioners would like to thank Milan R.
medium enterprises and corporates, better Shuster, Harry AS Sukadis and B. Raksaka
synergy between Danamon and Subsidiaries, Mahi for their services and contribution as
productivity enhancement in human capital Commissioners.
and centralization of HR and Finance functions.
RETIREMENT OF THE CURRENT
In addition, Danamon will continue prudential PRESIDENT DIRECTOR
risk management with focus on credit and On 9 December 2014, Henry Ho Hon Cheong
liquidity risk as well managing its risk profile. announced his plan to retire as the President
Director of Danamon. His retirement and the
appointment of the new President Director
will be tabled for shareholders approval in the
Extraordinary General Meeting of Shareholders
(EGMS) to be convened on February 27, 2015.

On behalf of the Board of Commissioners, I would like to thank and convey our appreciation to
Henry Ho Hon Cheong for his contribution and dedication to the Bank over the last 5 years.
CLOSING STATEMENT
We owe our sincere thanks and appreciation to the Board of Directors and all Danamon employees,
whose diligence, hard work and dedication has made it possible for Danamon to maintain a strong
balance sheet and a good loan portfolio quality.
We would also like to thank our customers, shareholders, and the regulators for their trust and
support.
To all of our stakeholders, we would like reiterate our commitment to do our utmost to make certain
that Danamon continues to deliver a sustained and meaningful contribution to Indonesias economic
growth and prosperity.
Jakarta, January 2015

On behalf of the Board of Commissioners
Ng Kee Choe

Board of Commissioners
Made Sukada Ernest Wong Yuen Weng J.B. Kristiadi

Independent Commissioner Commissioner Vice President Commissioner/
Independent Commissioner

Manggi Taruna Habir Ng Kee Choe Gan Chee Yen

Independent Commissioner President Commissioner Commissioner

Report from the Board of Directors
We implemented a prudent
approach to maintain
stronger balance sheets
and took strategic steps to
enhance productivity.

Henry Ho Hon Cheong

President Director

Dear Valued Shareholders,
On behalf of the Board of Directors, it is with 2014 BUSINESS PERFORMANCE AND

pleasure that I present PT Bank Danamon CHALLENGES FACED
Indonesia, Tbk 2014 Annual Report. For 2014, Danamon posted a consolidated
reported net profit after tax (NPAT) of Rp 2.6
As we all are aware, the banking industry had trillion. However, this year, income is calculated
to cope with a very challenging environment based on a new ruling (No SE-06/D.05/2013)
in 2014. Economic growth slowed down, the from the Financial Services Authority (OJK),
interest rate was high, liquidity was tight, and which changes the method of income
margin was compressed. recognition for commission on motor-vehicle
insurance. Removing the impact of this method
In the midst of this difficult environment, of recognizing income and restructuring cost,
Danamon decided to implement a cautious the Banks normalized* consolidated NPAT
and prudent approach in conducting its would amount to Rp 3.45 trillion, a lower 15%
business. Management has proactively drop from the 2013 NPAT of Rp 4.04 trillion.
began initiatives to manage cost efficiently
by centralizing and consolidating business We acknowledge that Indonesias slower
processes. We have also maintained a stronger economic growth this year did not provide the
balance sheet and have taken necessary steps banking industry much opportunities and room
to transform our business model to enhance to grow its business. The industrys Net Interest
productivity. Management has adopted a Margin (NIM) narrowed by 65 basis points to
selective and cautious approach in growing the 4.2% from 4.9% a year earlier. For Danamon ,
Banks business to maintain high credit quality our NIM declined by a larger 120 basis points
standards. to 8.4% from 9.6% in 2013.
We are confident that our approach and While our business performance was impacted
initiatives will strengthen Danamons capacity by the challenging business environment, the
and readiness to grow at the appropriate time Banks balance sheet remained sound, with its
going forward. LDR, capitalization and asset quality kept at a
manageable and healthy level.
*Normalized NPAT is the figure before the application of the OJK regulation on insurance fee impacting Adira Finances fee income recognition
and before restructuring cost.

The Bank improved its LDR to 92.6% from 2014 LENDING PERFORMANCE
95.1% at the end of 2013. This trend is The Banks outstanding loans increased 3% to
a continuation from the 2012 LDR which Rp 139 trillion from the previous year, with the
was at 100.7%. This was achieved by the largest contribution coming from the SME and
management team through application of Commercial segments, which grew 6% to Rp
prudential principles in lending decisions. 39.8 trillion. Although Retail displayed a higher
growth of 18%, the segment started from a
At end 2014, Danamon consolidated assets smaller base of Rp 9.1 trillion in 2013 to reach
amounted to Rp195.7 trillion, an increase of Rp 10.8 trillion this year.
6.2% from Rp184.2 trillion a year earlier. Asset
quality remains well managed as indicated by The strongest loan portfolio growth was
a fairly low Non-Performing Loan ratio of 2.3%, delivered by Trade Finance, which grew 25%
while the capital structure remains strong with to Rp25 trillion from Rp20 trillion last year. Both
consolidated Capital Adequacy Ratio (CAR) at cash loans and non-cash loans of trade finance
17.9%. consistently showed strong performance in the
previous 3 years, resulting in an almost 40%
Although Danamon and the banking industry annual expansion of the trade finance (non
experienced a slowdown in its rate of growth, cash) portfolio. The growth of trade finance
the same thing cannot be said for some of largely carried loans of sound quality, producing
its business and subsidiary units. Danamon a very low non-performing loan ratio of 0.5%.
Syariah posted a significant lending growth rate
of 34% to Rp 2.4 trillion, while Adira Insurance A significant part of asset quality issues arose
showed a remarkable result, where its gross due to declining commodity exports in the
insurance premium rose 20% to Rp 2,15 trillion last 3 years. Asset quality of corporate and
in 2014. commercial loans was well managed with an
NPL ratio of less than 1%. Nevertheless, it can
be noted that most of the non-performing loans
came from the mining and quarrying sector,
where the marginal exposure to Danamon
is at 1.7%. For SME banking, growth was
accompanied by NPL of 2.5% in 2014. This is
better than the industry performance, whose
NPL rose to 4% in 2014, from 3.9%. It should

also be noted that the increase in Danamons The growth of CASA is a result of our
SME NPL is primarily caused by smaller ticket persistent efforts to maintain and expand our
SME in the commodities sector. customer base as well as improve the quality
of interactions between Danamon with each
The segment that is most affected by the customer. For both these efforts, several key
economic slowdown and stiffer competition strategies were improved or initiated this year.
is the mass market segment. The Banks Among them are;
DSP loans only showed a very slight increase Expanding product cross-selling between
from Rp 69.8 trillion last year to Rp 70 trillion. Danamon and its subsidiaries. For example
Another business which showed moderate between Adira Finance and Danamon
growth is Adira Finance, whose portfolio Simpan Pinjam (DSP). The rise in cross-
consists of loans to the automotive industry. selling was conducted as pilot projects at 4
In 2014, its outstanding loans increased 3% to Adira Finance branches, which will be rolled
Rp 49.6 trillion and improved its market share out across all Adira Finance branches.
in the industry. To improve this segments Improving Financial Supply Chain (FSC)
productivity, Danamon has introduced where Danamons service network
several significant changes in its operational facilitates financial transactions conducted
and marketing strategies. Among them is between a principal and its distributors
the consolidation of their physical network, across various regions in Indonesia. FSC is
modifying and centralizing its operating model, a program operated jointly by Wholesale,
adding service channels and expanding to the SME and Adira Finance. Currently, it serves
upper end of the market. 36 principals and their 370 distributors.
Enhancing Danamons service network,
2014 GROWTH OF THIRD PARTY FUNDS such as branch offices, ATMs and on-line
Amidst intense competition within the countrys services. We have improved the design
banking industry, Third Party Funds (TPF) at of Danamon internet banking website
Danamon grew 7% to Rp 118 trillion. Current (Danamon Online Banking) and re-
and Savings Account (CASA) funds rose 10%, launched the service. In addition, Danamon
while the contribution of CASA to total deposits introduced Danamon Mobile Banking
was slightly up from 48% in 2013 to 49%. The (D-Mobile), an online banking application
banking industry in Danamons segment (BUKU for smartphone users on either Blackberry,
3 banks) showed a declining contribution of Android or iOS platforms. D-Mobile has
CASA to total deposits of 40%. also introduced several new innovative
services to complement regular banking
transactions, such as funds transfer and
payment of bills.

TARGET VERSUS REALIZATION and targets in 2014. This was successfully

Danamons targets were established through a achieved as exhibited by a relatively low non-
comprehensive process of bottom-up inputs performing loan ratio at 2.3%. In addition,
and top-down directions, and by taking into loan to deposit ratio was ideally maintained on
account shareholders expectation, company average at 91.7%, which was well within the
strategic priorities, as well as the business and target or maximum limit of 95%.
market dynamics.
The intensifying competition, the rising cost
Management set its 2014 consolidated lending of doing business, and the trending down of
target at IDR 148 trillion and managed to business margin has pressured the financial
deliver an achievement rate of 93% or IDR 139 industrys profit in 2014. Danamon also
trillion. In view of the tough challenges faced recorded a lower consolidated Net Profit After
by the banking industry due to rising interest Tax (NPAT) at IDR 2.604 trillion. This NPAT
rate, slowing down on business growth, and figure was lower than last year, nonetheless if
increasing trend of credit risk, Management compared to the target or plan, the achievement
has deliberately taken on a selective and rate of 84% was within an acceptable range.
vigilant approach in the loan expansion, and In terms of stand-alone result, the net profit
prioritized more in maintaining high standard of after tax of the Bank was recorded at IDR. 4.36
loan quality in order to avoid adverse effect on trillion, or exceeded the target by 2.31%. This
the loan portfolio. accomplishment of stand-alone Banks NPAT
was partly due to Managements ability in
In terms of consolidated third party funding, the bringing down operating expenses to become
achievement rate was relatively high at 96%. IDR 353 billion, which was 7.42% better then
Management aimed its 2014 target at IDR 123 than the target.
trillion and was able to perform well through a
booking of IDR 118 trillion despite the relatively 2015 BUSINESS PRIORITIES AND
tight liquidity in the market. The current account PROSPECTS
and saving account (CASA) ratio improved to Danamon maintains its focus on the micro as
at 49% compared to 47% last year. In growing well as small and medium enterprises sectors
its third party deposit, Management always by increasing the productivity of its business
endeavor to provide preeminent services in operational model, while implementing new
order to create customers deposit stickiness initiatives to promote better efficiency within
rather than to compete solely on pricing that Danamon and its subsidiaries.
was not sustainable in the long run.
Danamon developed its 2014-2015 strategy
In the midst of unfavorable business with implementation phases that extends until
environment, ensuring high standard of credit 2016. This strategy is based on a number of
portfolio through tight monitoring of underlying planned initiatives that are aimed to bring forth
risks has become one of Managements focuses positive and significant changes to Danamon

and its subsidiaries. In 2014, Danamon has - Implement an Enterprise Data Warehouse
identified a number of initiatives to improve the (EDW) application that would integrate data
companys profitability and ensure sustainable from IT and IT functions in lines of business.
business growth. These initiatives are as This will allow Danamon to perform more
follows: accurate and powerful customer analytics.
- A New Micro Lending Business Target
Operating Model. The focus is on increasing With the above initiatives, Danamon plans to
efficiency and productivity by remodeling target the following achievements in 2015:
the end-to-end business operations of - 9%-12% growth for total loans.
Danamons micro lending unit, Danamon - 7%-9% growth for loans to the micro
Simpan Pinjam (DSP). This involves enterprises sector.
increasing loan growth including from the - 13%-15% growth for non-mass market
agriculture sector through partnership with loans, driven by higher market share in the
co-operatives, intensifying co-operations SME sector.
with communities, seek strategic - 18%-20% growth for trade finance.
partnerships for supply chains, and explore - 90%-92% loan-to-deposit ratio.
different forms of service networks.
- Implement a new Target Operating Model, HUMAN RESOURCES DEVELOPMENT
which is more focused on customers as One of the Banks most important investments
opposed to products. This is done by is our investment in human capital. Danamons
leveraging on multichannel distribution and continuous efforts to develop its human capital
a centralized back office function, with a carries three objectives; obtaining the best
more streamlined process. talents, enhancing their capacity, and providing
- Automation of manual processes, such as them with a rewarding work environment so
document administration and especially they can realize their potential.
in disbursing loans. This is also aimed
at improving controls, accuracy, time Danamon pays a special attention to human
efficiency, and service to customer. resource management, from recruitment,
- Synergy between Adira Finance and Adira training, competency development, provision
Kredit to leverage on Adira Finances of fair compensation, health insurances, and
extensive network and its experience as the other welfare package scheme.
leading multi-finance company. Through
this synergy, Adira Finance will offer durable In seeking the best talents from all disciplines,
goods financing, which is previously offered we partner with many leading universities
by Adira Kredit. across the country to expose promising
- Centralized Finance and Human Resource students on the banking industry and on
Function through Shared Service. This Danamon. One major program is the annual
operational model is expected to be more Danamon Young Leaders Award, which
efficient in responding to the Banks needs. started in 2007. This is a program for university
students, who are selected for their leadership
skills and knowledge in business as well as
their awareness about social issues.

Talent management is activities of Talent Composition of Committees, and Improvement

Review for senior and critical positions in on BoC and Committees Charters, Related
Danamon are expected to be a means for and Affiliated Party Policy, Expense Policy, Risk
identifying high potential employess and Modeling, and Integrated Negative List.
selecting appropriate employee development
and retention programs. Moreover, the Bank continues to reemphasize
their commitment to Zero Tolerance on Fraud
Talent management is expected to improve and create a fraud-free environment as well as
employees engagement, which at the end, ensure fraud prevention programs are effective
generates the best contribution for the and sustainable. The Board of Directions and
company. staff are active in preventing fraud by adhering
to the code of ethics and regulations, control
GOOD CORPORATE GOVERNANCE mechanisms and conducting the 4K principles.
The Board of Director strongly believes in the
importance of transparency, accountability, CORPORATE SOCIAL RESPONSIBILITY
responsibility, independency, as well as fairness In line with Danamons vision, which is to care
and equality in managing our Bank. These good and enable millions to prosper, Danamon
corporate governance principles, when applied continuously strives to improve its CSR
appropriately, will ensure the trust and support activities, either by enhancing its existing
from shareholders, stakeholders, and the programs through Yayasan Danamon Peduli or
public at large, which eventually will increase by exploring new areas of social investment.
the value of the company. Seeing that Danamons main business is in the
mass-market segment in which the traditional
The Board of Director will continually implement market trader is a large part of this rapidly
and improve good corporate governance growing segment, Danamons main CSR focus
principles in Banks daily activities. A number of is in revitalizing the traditional wet markets
enhancement initiatives have been put in effect throughout the country.
namely: GCG Self-Assessment, Alignment with
ASEAN Corporate Governance Scorecard, Danamon through Yayasan Danamon Peduli has
Consumer Protection Policy, appropriate implemented its market revitalization programs
(Pasar Sejahtera) in seven locations, which are
Pasar Ibu Kota Payakumbuh, Pasar Grogolan
Kota Pekalongan, Pasar Bunder Kabupaten
Sragen, Pasar Baru Kota Probolinggo, Pasar
Semampir Kabupaten Probolinggo, Pasar
Sindangkasih Kabupaten Majalengka, and
Pasar Kemuning Kota Pontianak.

In 2014, Yayasan Danamon Peduli is adding Infobank Award as the Bank with very good
three more markets to its market revitalization rating in terms of its financial performance
program, which includes Pasar Lambocca in Asiamoney Foreign Exchange (FX), as the
Bantaeng, South Sulawesi. Best Domestic Provider for FX Services,
FX Products and Services, FX Options, FX
Consistent with our focus to micro enterprises, Research and Market coverage
Danamon is also intensifying its financial Indonesia WOW Brand 2014, Silver
literacy program in cooperation with the Champion for Banking Industry, Mortgage
Financial Services Authority, especially in areas Products
still untouched by financial services, such as Annual Report Award (ARA), 1st winner of
the Eastern part of Indonesia. ARA 2013 in category of Private Financial of
Listed Companies
CHANGES IN THE COMPOSITION OF First Runner Up - Sustainability Reporting
THE BOARD OF DIRECTORS Award 2014 in Financial Services in the
In 2014, there was a change in the Board of 10Th Sustainability Award organized by The
Directors composition due to the resignations National Center for Sustainability Reporting
of Ali Yong (Director of Small and Medium (NCSR).
Enterprises, Commercial and Corporate
Banking) and Minhari Handikusuma (Director For these outstanding achievements and
of Micro Banking). The responsibilities for on behalf of the Board of Directors and
Micro Banking and Small and Medium Management of Danamon, I convey my
Entreprises were assumed by Muliadi Raharja gratitude to everyone for their invaluable
while Commercial and Corporate Banking was contribution.
assumed by myself.
CLOSING REMARKS
On behalf of the Board of Directors and staff In closing 2014 and on behalf of the Board of
of Danamon, I would like to thank and convey Directors, I would like to convey our gratitude to
our appreciation to two Directors of the Bank, the Board of Commissioners for the unfaltering
Ali Yong and Minhari Handikusuma, for all their support and generous advices to the Board of
years of contribution and dedication to the Directors and management team throughout
Bank. the year. In addition, all our employees, whose
dedication and hard work are indispensable for
AWARDS AND RECOGNITIONS reaching our achievements, deserve our most
Throughout 2014, the continuing dedication sincere appreciation.
and hard work of employees across all levels at
Danamon and Adira have been recognized by Our ongoing contribution to economic growth
various organizations among others: and prosperity is made possible only by the
Listed in Forbes Global 2000, as one the continuing patronage of our customers and
Worlds largest public companies in 2014 the support and cooperation of regulators and
financial authorities. For all of their trust and
support, we are sincerely grateful.

On 9 December 2014, I have announced my plan to retire as the President Director of the Bank,
which will become effective once approved by shareholders on the 27 February 2015 Extraordinary
General Meeting of Shareholders (EGMS). I would like to use this opportunity to express my deepest
appreciation to the shareholders, Board of Commissioners, Directors and all employees of Danamon
and its subsidiaries who have been very supportive in my five years as President Director. I have
been fortunate to be surrounded by great people who made my years enjoyable and memorable. I
wish you all the best and will always cherish my memories with Danamon. I believe the Bank will
continue to make a significant mark and contribution to the Indonesian financial industry. Bersama
Kita bisa!
Jakarta, January 2015

On behalf of the Board of Directors
Henry Ho Hon Cheong

President Director

Board of Directors
Herry Hykmanto Muliadi Rahardja Michellina Laksmi Triwardhany Vera Eve Lim
Director Director Director Director

Henry Ho Hon Cheong Kanchan Keshav Nijasure Fransiska Oei Lan Siem Satinder Pal Singh Ahluwalia Pradip Chhadva
President Director Director Director Director Director

Report from the Syariah

Supervisory Board
Assalamualaikum Wr. Wb.
Bismillahirrahmannirrahiim
Praise be to Allah who has bestowed favors and performing supervision and giving opinions on
blessings to us all, and shalawat and special overall new products of UUS Danamon.
greetings to our great Prophet Muhammad
SAW. DPS has considered that the banking activities
undertaken by the UUS Danamon in 2014 in
The Syariah Supervisory Board (DPS) of general are in accordance with the National
Syariah Business Unit (UUS) Danamon in Syariah Board-Indonesian Ulama Council
accordance with the established DPS Charter, (DSNMUI) fatwas as well as our opinions.
has conducted its functions and tasks of

On this occasion, we would like to convey our appreciation on the cooperation and the support of
the Board of Directors and management team, in their endeavour to maintain the implementation
consistency of syariah principles in the Banks activities. And going forward, we hope for continuous
improvement toward trusted syariah bank.
Wassalamualaikum Wr. Wb.
For and on behalf of the Syariah Supervisory Board
Prof. Dr. H. M. Din Syamsuddin

Chairman

Syariah Supervisory Board Profile
Dr. Hasanudin, M. Ag. Prof. Dr. H. M. Din Syamsuddin Drs. H. Karnaen A. Perwataatmadja, MPA, FIIS
Member Chairman Member

Prof. Dr. H.M. Din Syamsuddin

Chairman
H.M. Din Syamsuddin has been the Chairman of the Supervisory Board of Syariah, Syariah Business Unit of
Danamon since 2002. He obtained his bachelor degree from IAIN Syarif Hidayatullah, Jakarta, and he also
achieved the M.A and Ph.D degree from the University of California Los Angeles (UCLA).
Positions:
1. Professor of the Politics of Islam, of UIN Jakarta;
2. Chairman of PP Muhammadiyah;
3. Chairman of MUI;
4. Vice Chairman of the Advisory Board of Central ICMI;
5. President of the Asian Conference on Religions for Peace (ACRP);
6. Co-President, World Conference on Religions for Peace (WCRP);
7. Chairman, World Peace Forum (WPF);
8. Chairman, Center for Dialogue and Cooperation Among Civilizations (CDCC);
9. DPS of Bank Syariah Bukopin (chairman).
Drs. Karnaen A. Perwataatmadja, MPA., FIIS

Member
H. Karnaen A. Perwataatmadja has been a member of the Supervisory Board of Syariah, Syariah Business Unit of
Danamon since 2010. He obtained his economics bachelor degree from of Gajah Mada University, and achieved
a Master in Public Administration degree from Syracuse University, Maxwell School, United States of Amerika.
Positions:
1. Chairman of Islamic Economic High Education (STEI) of Husnayain;
2. Lecturer at postgraduate program at the University of Indonesia;
3. Lecturer at postgraduate program at the of Trisakti University;
4. Lecturer at postgraduate program at the Islamic University of As Syafiiyah;
5. Plenary member of the National Syaria Council (DSN) MUI;
6. Member of Economy and Financial Instituitions of MUI;
7. DPS at BPRS Harta Insan Karimah, Bintang Insurance Syariah Unit and Manulife Insurance Syariah Unit.
Dr. Hasanudin, MAg.

Member
Dr. Hasanudin has been a member of the Supervisory Board of Syariah, Syariah Business Unit of Danamon since
2002. He obtained his bachelor degree, M.Ag and Doctorate degree from of Gajah Mada University, and a Master
in Public Administration degree from IAIN Syarif Hidayatullah, Jakarta.
Positions:
1. Lecturer at the UIN Syarif Hidayatullah;
2. Vice Secretary of DSN-MUI;
3. DPS of BNI Syaria, Tugu Pratama Insurance, Reindo Reinsurance, Toyota Astra Finance Services;
4. Member of Work Unit of KPJKS-OJK (Islamic Financial Services Development Committee-Financial Services
Authority);
5. Member of DSAS-IAI (Syariah Accounting Standards Council-Accounting Association of Indonesia).

Plan and Strategy

2014 2015 Discussion
Danamon maintains its focus on the micro, small, and medium

enterprises sector by improving its business operational model
to increase productivity, while implementing new initiatives to
promote better efficiency within Danamon and its subsidiaries.
2014 presented a number of key developments STRATEGIC FOCUS FOR 2014-2015

in the Indonesian economy. The most notable Danamon has identified a number of initiatives
development is the fuel price hike, which was in 2014 to improve the companys profitability
followed by an increase in Bank Indonesias and ensure sustainable business growth. The
benchmark interest rate to 7.5%. initiatives are as follows:
NEW MICRO LENDING BUSINESS

With the lowered net interest margin (NIM) TARGET OPERATING MODEL
due to intensifying competition among banks, a) Focus on increasing efficiency and
especially in the micro sector, compounded productivity by remodeling the business
with the rise in interest rate, the banking operations of Danamons micro lending
industry are faced with a challenge to maintain unit, Danamon Simpan Pinjam (DSP)
profitability at a satisfactory level. from end-to-end, increase lending growth
including from the agriculture sector through
With these challenges, Danamon developed partnership with co-operatives, intensifying
a 2014-2015 strategy with implementation co-operations with communities, seek
phase that extends until 2016 that is based on strategic partnership for supply chains, and
a number of planned initiatives that are aimed explore different form of service network.
to bring forth positive and significant changes b) Implement a new Target Operating Model,
for Danamon and its subsidiaries. which is more focus on customers as
opposed to products by leveraging on
multichannel distribution and centralized
back office function with a more streamlined
process.

c) Automation for manual processes, such as CENTRALIZED FINANCE AND HUMAN

document administration and especially RESOURCE FUNCTION THROUGH
in disbursing loans. This is also aimed SHARED SERVICE
at improving controls, accuracy, time Through the implementation of the shared
efficiency, and service to customer. service model, finance and human resources
functions that are spread in Danamons lines
SYNERGY BETWEEN ADIRA FINANCE of businesses will be combined into the head
AND ADIRA KREDIT offices finance and human resource function.
a) The synergy between two of Danamons This operational model is expected to be more
financing subsidiaries, PT Adira Dinamika efficient in responding to the Banks needs.
Multi Finance (Adira Finance) and PT Adira A centralized model will also reduce data
Quantum Multi Finance (Adira Kredit) is inconsistency and miscommunications.
implemented to leverage on Adira Finances
extensive network and its experience as ENTERPRISE DATA WAREHOUSE
the leading multifinance company. Through Implement an enterprise data warehouse
this synergy, Adira Finance will offer durable (EDW) application that would integrate data
goods financing, which is previously offered from IT and IT functions in lines of business,
by Adira Kredit. thereby allowing us to perform more accurate
b) Meanwhile, efficiency is implemented within and powerful customer analytics.
Adira Kredit operations through integration
of business and operational network with
Adira Finance, as both company possess
similar operational characteristic and back
office, allowing for synergy.

Responsibility for Annual Reporting
BOARD OF COMMISSIONERS AND BOARD OF DIRECTORS STATEMENT ON THE RESPONSIBILITY OF

THE 2014 ANNUAL REPORT OF PT BANK DANAMON INDONESIA, TBK.
We, the undersigned, testify that all information contained in the 2014 Annual Report of PT Bank Danamon Indonesia, Tbk. have been
presented in their entirety, and assume full responsibility for the accuracy of the contents of the companys annual report.
This statement is hereby made in all truthfulness.
Jakarta, 16 January 2015
Ng Kee Choe J.B. Kristiadi

President Commissioner Vice President Commissioner/
Ernest Wong Yuen Weng Gan Chee Yen

Commissioner Commissioner
Manggi T. Habir Made Sukada

Independent Commissioner Independent Commissioner

Board of Directors
Henry Ho Hon Cheong

President Director
Muliadi Rahardja Vera Eve Lim

Director Director
Kanchan Keshav Nijasure Herry Hykmanto

Director Director
Fransiska Oei Lan Siem Pradip Chhadva

Director Director
Satinder Pal Singh Ahluwalia Michellina Laksmi Triwardhany

Director Director

Business Review
Pasar Satria
I Putu Darmayudha - RTSM Bali Nusra
Finalist - Traditional Market Photography Competition

Company
Profile
2014 Annual
2014
Report PT Bank
Annual ReportDanamon
PT Bank Indonesia,
Danamon, Tbk. 73
Danamon at a Glance
PT Bank Danamon Indonesia, Tbk. established in 1956

is one of the financial institutions which has the largest
network in Indonesia with services from the province of
Aceh, on the northern tip of Sumatra, to Papua.

As of December 31, 2014, Danamon has a design model in the sector of agribusiness at
network of approximately 2,156 branch offices Danamon Simpan Pinjam (DSP). Through this
and service centers consisting of conventional cooperation, Danamon can channel financing
branches, Danamon Simpan Pinjam (DSP) to main agricultural sectors with an integrated
and syariah units as well as its subsidiaries. pattern from upstream to downstream.
Danamon provides its customers with access
to almost 1,473 ATMs, including through As a commitment to provide convenience
ATM Bersama and ALTO in 33 provinces to customers, Danamon constantly creates
of Indonesia. Danamon managed assets of innovation in its products and services.
Rp195.7 trillion by the end of December 2014. In November 2014, Danamon launched a
mobile banking application called D-Mobile
Danamon is one of the largest financial (Danamon Mobile Banking) which provides an
institutions in Indonesia. As a universal bank, easy and convenient way to perform banking
the Bank has developed a variety of banking transactions via smartphones. D-Mobile also
business, from micro financing through has a feature namely D-Cash SosMed, the first
Danamon Simpan Pinjam, Retail Banking, in Indonesia which allows customers to provide
Syariah Banking to SME and Commercial funds to friends in Facebook and Augmented
Banking and Corporate Banking, as well as Reality feature whereby users can find nearest
auto financing services, general insurance Danamons promo within a radius of 5 KM.
and consumer goods financing through Adira
Finance, Adira Insurance and Adira Kredit. In addition to the launch of the D-Mobile, in
2014, Danamon, through its syariah business
As of December 31, 2014, 67.37% of the unit, Danamon Syariah, launched two latest
Banks shares has been owned by Asia products, Tabungan BISA iB and Tabungan
Financial (Indonesia) Pte. Ltd., 6.79% by BISA Qurban iB. Tabungan BISA iB is a
JPMCB-Franklin Templeton Investment Funds savings product applying the Mudharabah
and 25.84% owned by the public. principle (profit sharing) which offers a variety
of advantages so that customers can enjoy
In line with the Banks vision We Care free banking transactions easily, safely and
and Enable Millions to Prosper, Danamon conveniently through various channels.
continues to improve economic growth of micro, Tabungan BISA Qurban iB applies Mudharabah,
small, and medium enterprises in Indonesia syariah principles to help customers prepare
through partnerships with leading institutions
and experts in their field. In 2014, Danamon
signed an agreement with the International
Finance Corporation (IFC), a member of
the World Bank Group to develop financing

funding needs for sacrificial worship during West Java. This was followed by socialization
Eid al-Adha. This product is the first and most of SiMOLEK in more than 14 major cities in
comprehensive term savings plan to purchase Indonesia until December 2014.
sacrificial animals, because while saving,
customers are informed with the price of In addition to product innovation, Danamon
sacrificial animals, and at the same time they has significant achievements in other areas.
may choose the distributional mechanism. As an effort to implement Good Corporate
Governance, in 2014, Danamon won the Best
In line with Banks commitment to increase Overall Corporate Governance Award awarded
awareness and public interest in financial by the Indonesian Institute for Corporate
services, Danamon has carried out various Governance, as well as the first place winner
initiatives and activities of banking and of the Annual Report Awards 2013 for the
financial education to the general public. category of private listed financial institutions.
In 2014, Danamon trusted of the Financial Danamon also won a number of awards in
Services Authority (OJK) as one of the financial Asiamoney Foreign Exchange (FX) Poll in 2014
institutions to operate SiMOLEK (The Financial as the Best Domestic Provider of FX Services,
Literacy Car). SiMOLEK was specially designed Best Domestic Provider for FX Products
by OJK with the aim to increase financial and Services, Best Domestic Provider for
literacy and encourage public interest and trust FX Options, and Best Domestic Provider for
of financial products and services. The series FX Research and Market Coverage. In the
of occasions began in May 2014 along with the international arena, Danamon was included in
launch of SiMOLEK at Juanda Market, Bekasi, the list of Forbes Global 2000 of 2014, which
is a list of the worlds largest companies issued
by Forbes Magazine.

CORPORATE IDENTITY SUBSIDIARIES
Authorized Capital PT Adira Dinamika Multi Finance, Tbk.

Rp10 trillion (Adira Finance)
Name:
PT Bank Danamon Indonesia, Tbk. Business:
Issued and Paid Up Capital: Financing
Rp5,9 trillion
Head Office:
Business: Stock Exchange: Landmark Centre Tower A,
Banking Services Indonesia Stock Exchange 26th 31st Floor
Jl. Jend. Sudirman No.1
Date of Establishment Share Code: Jakarta Selatan 12910
16 July 1956 BDMN Phone: (+62 21) 5296 3232,
5296 3322
ISIN Code: Fax: (+62 21) 5296 4159
ID1000094204
PT Asuransi Adira Dinamika
Legal Basis of Establishment: SWIFT Code: (Adira Insurance)
Notarial deed No. 134 dated BDINIDJA Business:
July 16, 1956 of Meester Raden Insurance
Soedja, S.H. which was ratified by
the Minister of Justice of Republic Global Intermediary identifikation
Number (GIIN): Head Office:
of Indonesia in its decision letter
WZU780.99999.SL.360 Graha Adira, Jl. MT. Haryono Kav.
No. J.A.5/40/8 dated April 24,
42, Jakarta Selatan 12780
1957 and was published in
Share Ownership Composition: Phone: (+62 21) 2966 7373, 2966
Supplement No. 664 to the State
Asia Financial (Indonesia) Pte Ltd.: 7345
Gazette of Republic of Indonesia
67.37% Fax: (+62 21) 2966 7374
No. 46 dated June 7, 1957.
JPMCB-Franklin Templeton
Investment Funds: 6.79% PT Adira Quantum Multifinance
Public: 25.84% (Adira Kredit)
Business:
Office Networks: Head Office: Financing
As of December 31, 2014 PT Bank Danamon Indonesia, Tbk.
Danamon has 2,156 office Menara Bank Danamon Head Office:
networks that consist of conventional Jl. Prof. Dr. Satrio Kav. E4 No. 6 Gedung Plaza Kuningan
branches, DSP units and Syariah Mega Kuningan, Jakarta 12950, Menara Utara 10th-11th Floor,
units as well as subsidiaries Indonesia Jl. H. R. Rasuna Said Kav. C 11-14
branches. The list of Danamons Phone: (+62 21) 5799 1001-03 Jakarta 12940
branch offices can be viewed in the Fax (+62 21) 5799 1160 Phone: (+62 21) 5292 2299
Chapter of Corporate Data of this Fax: (+62 21) 52921199
Report. Website & Email:
www.danamon.co.id
corpsec@danamon.co.id
public.affairs@danamon.co.id
investor.relation@danamon.co.id

Brief History
2005
1998
Rapid expansion of Danamon
1956
Simpan Pinjam branch
Taken over by the network
Established under the government at the Launch of the Banks new
name of Bank Kopra height of the Asian Vision, Mission, and Values
1988
Indonesia financial crisis
Became Indonesia 2003

private foreign Acquisition of the governments
exchange bank controlling stake by Asia Financial
(Indonesia) Pte. Ltd.
1976 2000
Name changed to PT Bank Legal merger with
Danamon Indonesia other 9 banks
1989 2004
Went public through IPO in The launching of Danamon
the Jakarta Stock Exchange Simpan Pinjam
Acquired 75% of Adira
Finance
78 PT Bank Danamon,
Danamon Indonesia,
Tbk. 2014 Annual
Tbk. 2014
Report
Annual Report
2014
Launching of D-Mobile, Danamon Mobile Banking Application
Launching of Tabungan BISA iB and Tabungan BISA Qurban iB Danamon
Syariah
Joint Program Literacy and Financial Education with Financial Services
Agency (OJK) through Si MObil LitErasi Keuangan (SiMOLEK)
Signing of Memorandum of Understanding with Indosat to promote
strategic partnership between telecommunication and banking services
Signing of Memorandum of Understanding with Internationl Finance
Corporation (IFC), a member of World Bank to develop design model of
financing especially for agribusiness sector of Danamon Simpan Pinjam
business unit.
2010 2012
2008 Danamon and Adira Finance Network expansion of Solusi
Established issued Fixed Rate Bonds to Emas Syariah
Danamon Corporate diversify funding source Launched credit, debit and
University ATM Manchester United card
2011
Danamon celebrated its 55th
anniversary
2013
2006
Launch of Gold Pawning Partnership with Wells
Service Solusi Emas Syariah Fargo and Overseas Private
Acquisition of American Rp5 trillion in rights issue Investment Corporation (OPIC)
Express business in Adira Finance Bonds issuance as well as International Finance
Indonesia Rp5 trillion Corporation (IFC) to finance
2009
Celebration of Indonesias MSME sector.
Danamons 50th Construction of Danamons
anniversary Rights Issue of Rp4 new headquarters Menara
trillion Danamon
Increased acquisition in Published Global Reporting
Adira Finance to 95% Initiative (GRI)-certified
sustainability report.
2014 Annual
2014
Report PT Bank
PT Bank Indonesia,
Danamon, Tbk. 79
Organization Structure
As of December 31, 2014
Assets Information Operational Risk

Human Resources Risk Management & Liabilities Compliance
Tecnology Fraud Committee * Management
Committee * Committee * Committee * Committee *
Steering Committee* Committee *
Integrated Risk Information

Finance Legal & Compliance
HR Director Operations Director Director Technology Director
Director Director
Vacant Muliadi Rahardja Satinder Pal Singh Kanchan Keshav
Vera Eve Lim Fransiska Oei Lan Siem
Ahluwalia Nijasure
Human Resources Operation Risk & Market & Liquidity Management

IT Control Functions Compliance Head
Head Control Head Risk Head Information System
Head
Head Pey Fang Ong
Marta Jonatan Suwandi Kusuma Iwan Dharmawan Alexander Ekanayake
Yo Lian Kie
Chief Credit Officer IT Business Solution Investor Relation &

Branch Banking & System Integration
Mass Market & Subsidiaries Support UKPN Head
Head Head
Consumer Banking Head Entin Rostini
Fanny Gosal Victor E. Korompis
Lista Irna Vacant
Transaction Banking &

Chief Credit Officer NCBS & Payments Financial Planning General Legal Counsel
Centralized Processing
Wholesale Banking Head & Project Head Surya Kirana Sulistijo
Centre Head
Yanto Edy Umar Sumartono Yenny Lim
Arieta Aryanti
Corporate Fin. Acc. Regulatory

Enterprise Risk & Infrastructure
Real Estate & Product Control Corporate Secretary
Policy Head Systems Head
Management Head Group Head
Eunice Kurniawan Budi Suryono Fransiska Oei Lan
Andy Harsanto Henky Suryaputra Siem
Fraud & Operational

Group Chief Litigation Group Head
Risk Management
Head Procurement Officer Poulce Octavian E.W.
Rio Erriad Evi Laniyanti (acting)
Risk Modelling
& Quantitative
Techniques Head Tax Head Public Affairs Head
Sriraghavan Taufan Arijantono Zsa Zsa Yusharyahya
Rajamannar
Operational
Excellence Head
Meilynda Aditianto
* Names of the Committee Chairmen and Members are stated in the Corporate Governance Chapter of this Annual Report.

Management
Analisa & Pembahasan
Discussion Tinjauan
Operational
Operasional
Review Tata
Corporate
KelolaGovernance
Perusahaan Tanggung
Corporate Jawab
Social Data
Corporate
Perusahaan
Data Financial
Laporan Statements
Keuangan
Manajemen
& Analysis Sosial
Responsibility
Perusahaan
Annual General Meeting of Shareholders
Board of Commissioners Syariah Supervisory Board

President Director
Henry Ho Hon Cheong
Ng Kee Choe - President Commissioner Prof. Dr. H.M. Din Syamsuddin - Chairman
J.B. Kristiadi - Vice President Commissioner/Independent Drs. Karnaen A. Perwataatmadja, MPA., FIIS - Member
Commissioner Dr. Hasanudin, MAg. - Member
Ernest Wong Yuen Weng - Commissioner
Gan Chee Yen - Commissioner
Manggi Taruna Habir - Independent Commissioner
Made Sukada - Independent Commissioner
Capital Corporate
Management Governance
Committee * Committee *
Micro Business
SME Director
Director
Muliadi Rahardja
Muliadi Rahardja
Strategic Planning &

Operations & Business Corporate Banking Wholesale Business
Business Development SME Project Head
Support Head Risk Head Head
Head Alexander C. Setjadi
Linda Suryani W. Siswo Soebianto Iksan Harapman Kasan
Vacant
SEMM Internal Control SME

Risk Management
& Fraud Management
Head Business Head
Head
Irma Savitry Daulay Gunawan Te
Juwono Akuan Rokanta
SMEC Strategic
National Sales
Planning & Business
Distribution Head
Development Head
Stenly Oktavianus
Vacant
Specialized Product
Management Head
Andre H.T. The
SMEC Credit Risk

Head
Harlan Ligawirady

Committee Committee Risk Monitoring

Audit Committee *
Remuneration * Nomination * Committee *
Consumer Banking
TCM & FI Director Director Syariah Director
Pradip Chhadva Michellina Laksmi Herry Hykmanto
Triwardhany Chief Internal
Auditor
Antony Kurniawan
Syariah Cross Selling

Treasury & Capital Retail Banking Consumer Lending
& Business
Market Head Head Head Retail Credit & IT
Development Head
Herman Sonny Wahyubrata Djamin Nainggolan Audit Group Head
Fajar Wahyudi
Nathan Tanuwidjaja
Financial Consumer Service Consumer Syariah Business

Institutions Head Quality Head Marketing Head Head SEMM & Branches
Erny Resha Tantry Sri Setyaningsih Dessy Safitri Masri Bambang Atmaji Audit Group Head
Muhammad Rizaldy
Business Syariah Business

Consumer Risk Customer & Business Wholesale Credit
Management Head Planning & Product
Head Enablement Head & Analytics Audit
Herman Development Head
Jenny Tjandra Sri Wahjoeni Development
(acting) Refita Rulli Arief Group Head
Yulius Setiawan
Consumer
Transaction Adira Finance Syariah Assurance &
Strategic Planning
Banking Head Leveraging Head Operations Head Fraud Investigation
Head
Isabella Aritonang Djoemingin Budiono Budhi Hernandi Group Head
Vacant
Chaerul J. Huwae
Consumer
Syariah Risk Head
Business HR Head Quality Assurance
Ardino Gusman
Ferhat Wideru Group Head
Heri Nurzaman
Syariah Business
HR Head
Beti Sulistyana Product & Support
Audit Group Head
(acting)
Kho Tjhing Kian
2014 Annual Report PT Bank

2014 AnnualDanamon,
Report PTTbk. 82 Indonesia, Tbk.
Bank Danamon 82

Management
Discussion Tinjauan
Operational
Operasional
Review Tata
Corporate
KelolaGovernance
Perusahaan Tanggung
Corporate Jawab
Social Data
Corporate
Perusahaan
Data Financial
Laporan Statements
Keuangan
Manajemen
& Analysis Sosial
Responsibility
Perusahaan
Vision
We Care and Enable
Millions to Prosper
Danamon believes in its purpose that is to care for others; its customers,
employees, and the society at large, and enabled them to thrive, grow and
achieve better levels of prosperity.
Values Caring Giving a genuine concern for the well-being and advancement
of others will bring out the best in us.
Honesty Always hold the truth to ourselves and others without any
hidden agenda.
Passion to Always dare to come up with better ways of doing things, to

Excel achieve the best result, whilst mitigating the risk involved and
without compromising the solidity of our company.
Teamwork Leverage the diversity amongst us as the strength of our team

to achieve common goals.
Disciplined Deliver our responsibility with the highest standards of ethics

Professionalism and professionalism, through disciplined people, disciplined
thoughts and disciplined actions.
Board of Commissioners and Board of Directors Approval

Pursuant to the Board of Directors Meeting on November 27, 2013 and the Board of Commissioners
Meeting on December 9, 2013, the Board of Directors and the Board of Commissioners have reviewed and
concluded that Danamons existing Vision, Missions, and Core Values are still very much suitable with the
culture and spirit of Danamon, and in line with Danamons ultimate objectives from both the commercial
and social aspects, and therefore have unanimously agreed to carry on with the existing Vision, Missions,
and Core Values of Danamon.

Management
Discussion Tinjauan
Operational
Operasional
Review Tata
Corporate
KelolaGovernance
Perusahaan Tanggung
Corporate Jawab
Social Data
Corporate
Perusahaan
Data Financial
Laporan Statements
Keuangan
Manajemen
& Analysis Sosial
Responsibility
Perusahaan
Mission
Danamon pursues its vision through the following mission:
Danamon aims to be The Leading Financial Institution in Indonesia with a significant

market presence.
Danamon believes its strength as a financial intermediary is a catalyst for welfare and
prosperity.
To optimize its role in the growth of the economy, it is imperative for Danamon to be well
regarded and occupy a leading position among its peers, as a:
- Business partner to its customers, and;
- Valuable and caring corporate citizen to the public.
A customer centric organization covering all customer segments, each with a unique
value proposition, centered on sales and service excellence, supported by world class
technology.
In carrying out its role, Danamon always strives to understand the needs of each customer
and responds appropriately to fulfill them.
It aims to offer solutions through unique approaches which creates value not offered by
any other financial institutions in the marketplace, and does so through knowledge from
research and use of technology.
In doing so, Danamon places emphasis on the delivery of its service, utilizing the appropriate
technology with utmost care and responsibility.
It is key for Danamon employees to satisfy customers and be respectful and providing
services that the society will appreciate.
Danamon views the following positive attitudes are required:
- Adaptable, open and willing to continuously learn to respond to change.
- Understand and focus on self and people development.
We aspire to be an employer of choice and to be respected by our customers, employees,

shareholders, regulators and the community.
Danamon invests to cultivate a culture conducive to achieving its goals.

Danamon builds collaborations with internal and external stakeholders to create valuable
contributions to many beneficiaries where they are most needed.
2014 Annual 2014

Report PT 2014
Bank
Annual Danamon
Report PT Bank
Annual Indonesia,
Danamon
Report PT BankTbk. 85Tbk.
Indonesia,
Danamon, 85
Operational Area
1
2 7 3
No. Regional Office Address

1 Jakarta Jl. Matraman Raya No.52 Jakarta Timur 13150
2 Bandung Jl. Merdeka No.40, Bandung
3 Surabaya Jl. Gubernur Suryo No. 12, Surabaya
4 Makassar Jl. A. Yani No. 11-13, Makassar
5 Balikpapan Jl. Sudirman No. 54 Balikpapan
6 Medan Jl. Diponegoro No. 35 Medan, Sumatera Utara 20152
7 Semarang Jl. Pemuda No. 175, Semarang

Danamon has a network throughout Indonesia

from Aceh to Papua.

Board of Commissioners Profile
Singapore Citizen, Age 70, Ng Kee Choe has been a Commissioner since March 2004 and President-
Commissioner since May 2006 and reappointed as President Commissioner in the Banks AGMS dated
may 7, 2014.
Qualification/Education History
He graduated from the University of Singapore with a Bachelor of Science (Honours) in 1966.
Work Experience
Ng Kee Choe is a Director of Fullerton Financial Holdings Pte Ltd. (2008-now).
He was also a member of the Temasek Advisory Panel Temasek Holdings (Private) Ltd. (1 July 2003 - 31
December 2014), Member of the International Advisory Council of China Development Bank, and also
Ng Kee Choe Chairman of Tanah Merah Country Club (2008-now).
He was a Director of Singapore Exchange Limited (2003-2014). He was the Vice-Chairman of DBS
Group Holdings and retired from his executive position in July 2003 after 33 years of service with DBS
(1970-2003). Ng Kee Choe served as the Chairman of NTUC Income (2005-2013) and was Special
Advisor of NTUC Income (1 January 2014-31 December 2014).
Ng Kee Choe was conferred the Public Service Star in 2001 and the Meritorious Service Medal in 2012.
Expertise:
Credit
Finance
Human Resources
Treasury
Risk Management
Indonesian citizen. Age 68. J.B. Kristiadi has been a Vice President Commissioner since 2005 and
reappointed as Vice President Commissioner and Independent Commissioner in the Banks AGMS
dated May 7, 2014.
Qualifications/Education History
He obtained his PhD (Public Administration) from Sorbonne University, France, in 1979.
Work Experience
Previously, he served as Director of State Property Directorate General of Monetary Affairs in (1980-
1987), Director of Budget Ministry of Finance (1987-1990). Chairman of the National Institute of
Administration (LAN) (1990-1998). Subsequently served as Assistant to the Coordinating Minister for
Development Supervision and Administrative Reform (1999-2001). Deputy Minister for Administrative
J.B. Kristiadi Reform (2001-2003).
Vice President Commissioner
He also served as Secretary General of the Ministry of Communication and Information (2003-2005),
Secretary General of the Ministry of Finance (2005-2006) and then served as a Senior Advisor to the
Minister of Finance (2009-2011), and served as Secretary Team of Tax and Customs Reform 2010.
Since 2011-now served as a member of National Task Force for Government Institutional Reforms at
the Ministry for Administrative Reforms.
He served as commissioner in a number of State-Owned Enterprises namely PT Tambang Batubara

Bukit Asam (1980), Bank Dagang Negara (1982), PT Aneka Tambang (1986), Bank BNI (2005).
Professor at the State University Padjadjaran from 2007-now.
Expertise:
Finance, Risk Management

Singapore citizen. Age 55. Gan Chee Yen has been a Commissioner since 2003 and reappointed as
Commissioner in the Banks AGMS dated May 7, 2014.
He graduated with a Bachelors degree in Accounting from the National University of Singapore.
Work Experience
Currently as Chief Executive Officer, Fullerton Financial Holdings (Internasional) Pte. Ltd., a wholly-
owned subsidiary of Temasek Holdings (Pte.) Ltd., 2012.
Co-Chief Investment Officer dan Senior Managing Director, Special Project di Temasek
Internasional Pte. Ltd., 2011-until now.
Co-Chief Investment Officer dan Head of China, 2010.
Gan Chee Yen Co-Chief Investment Officer, Temasek Internasional Pte. Ltd., 2007.
Senior Managing Director, Investment, Temasek Internasional Pte. Ltd., 2005.
Commissioner
Managing Director, Finance Temasek International Pte. Ltd., 2003.
Finance Director of Singapore Technologies Pte Ltd., 1996.
Finance Senior Manager in Singapore Technologies Marine Ltd 1988.
Accountant, Showa Leasing (S) Pte Ltd, September 1986.
Auditor in Pricewaterhouse Coopers, May 1984.
Expertise:
General Management, Accounting, Finance, Investment, Risk Management
Indonesian citizen. Age 61. Manggi T Habir has been an Independent Commissioner since 2005 and
reappointed as Independent Commissioner in the Banks AGMS dated May 7, 2014.
He received a Masters degree in Business Administration from University of Michigan and a Master
degree in Public Administration from Harvard University.
Work Experience
Currently he is Chairman of the Supervisory Board of Yayasan Danamon Peduli and Commissioner of
PT Asuransi Adira Dinamika, a subsidiary of Danamon.
Early in his career he was business and economic correspondent for the Far Eastern Economic Review
Manggi Taruna Habir and held various key positions at Citibank N.A. Jakarta (1985 1991).
Commissioner
Subsequently, he was Research Director at PT Bahana Securities from 1995-1998 and the President
Director of PT Pefindo from 1998-2001. His last position before joining Danamon was Director at
Standard & Poors, Singapore.
Expertise:
Credit, Finance, Risk Management and Corporate Governance.
Particular Assignment:
President Commissioner of PT Asuransi Adira Dinamika

Board of Commissioners Profile
Indonesian citizen. Age 63. Made Sukada has been as Commissioner in the Banks since appointed by
the AGMS dated May 7, 2014.
He graduated from in Accounting Faculty of University of Padjadjaran in 1977 and achieved Master of
Accounting from the University of Pittsburgh USA in 1984.
Work Experience
He held executive directors position of several departments in Central Bank of Indonesia (1998-2010),
including as the head of departments that were involved in monetary policy formulation and monetary
policy implementation. His latest position was as adviser to the Deputy Governor before he finally retired
in April 2010. He has also been working as independent party of Risk Monitoring Committee of Bank
Made Sukada Permata since May 2010, and was twice nominated as Deputy governor of BI in 2001 and 2007.
He started to work for Bank Indonesia in early 1979 as Credit Analyst. Received scholarship to study
at the University of Pittsburgh, USA (1982-1984). After obtaining master degree, he was assigned as
junior economist in head office to finally promoted as division head. He has also been assigned as
Representative Office New York (1993-1995) and then appointed as Deputy Director of Monetary Policy
Management of BI in 1995, he was then seconded in IMF Office Washington D.C. as the alternate
Executive Director before finally back to BI as executive Director of Economic Research and Monetary
Policy Department from 2007 to 2009.
Expertise:
Finance
Risk Management
Singapore citizen. Age 69. Ernest Wong Yuen Weng has been as Commissioner since April 2010 and
reappointed as Commissioner in the Banks AGMS dated May 7, 2014.
Ernest Wong Yuen Weng graduated in 1967 with a First Class Honours Degree in Chemical Engineering
from the University of Surrey, United Kingdom.
Work Experience
Ernest Wong Yuen Weng started his career in Singapore with the Economic Development Board (1989-
1993). He joined the United Overseas Bank (UOB) Group in 1972 and was appointed Board Member
and Group President from 1990 to 2000.
Ernest Wong Yuen Weng He was also Chairman of the Association of Banks in Singapore. He left UOB to join MediaCorp as its
Group CEO from 2000-2005.
Commissioner
Ernest Wong Yeun Weng is currently Chairman of Fullerton Financial Holdings Pte Ltd. (2011-
sekarang). He is also the Board Trustee & Chairman, Investment Committee of Nanyang Technological
University (2006-now), Board Member Singapore Health Services Private Limited (2006-now), Casino
Regulatory Authority, Board Member Singbridge Holdings Pte Ltd (2011-now), Pavilion Capital Holdings
Pte Ltd (2012-now), and Chairman of A. Menari Asia-Pacific Holdings Pte Ltd (2012-now).
Expertise:
Banking, Investment & Finance.
General Management

Board of Directors Profile
Malaysian citizen. Age 60. He was appointed as the President Director of the Bank at 29 April 2010
and reappointed as President Director in the Banks AGMS dated May 7, 2014.
He graduated from University of Malaya with a B. Eng (Mechanical) in 1978 and from McGill University,
Montreal, Quebec, Canada in 1980 with Master of Business Administration in Accounting & Finance.
Work Experience
He began his banking career with Citibank NA, Kuala Lumpur in 1982. Over a period of 23 years he
has held a number of positions including Country Risk Officer with Citibank NA, Kuala Lumpur (Januariy
1992-March 1994) and Pan Asia Corporate Head with Citibank NA, Singapore (April 1994-December
1995), Chief Country Officer with Citibank NA Bangkok (January 1996-December 2001), and General
Henry Ho Hon Cheong Manager and Group Head with Saudi American Bank Riyadh Kingdom of Saudi Arabia (January
2002-December 2003). Prior to joining Bank Danamon he was President Director/ CEO of PT Bank
President Director
International Indonesia Tbk (January 2004-March 2009) and Managing Director in Temasek Holdings
(Private) Ltd (April 2009-April 2010).
Duties and Responsibilities:

Henry Ho leads Danamons Board of Directors and directly supervises the Banks Internal Audit, and
two of the Banks subsidiaries, namely PT Adira Dinamika Multi Finance Tbk dan PT Asuransi Adira
Dinamika, , PT Adira Quantum Multifinance, and Whole Nanking
Particular Assignments:
President Commissioner of PT Adira Dinamika Multi Finance Tbk
Indonesian citizen. Age 55. He has been a Director of Danamon since December 1999. Reappointed
as Director in the Banks AGMS dated May 7, 2014 and effective December 31, 2012, as Human
Resource Director.
He graduated from the Faculty of Economics, University of Indonesia,and earned his MBA from the
Massachusetts Institute of Technology in 1998.
Work Experience
He started his career in a consulting company in 1983, and joined PT Sepatu Bata Indonesia Tbk
in 1984. He joined Lippo Group in 1985 and was responsible for finance and business, insurance,
garment and banking. His last position was Deputy Group Head of Management Information System.
Muliadi Rahardja
In 1989, he joined Danamon as a Branch Manager in Tangerang. His most recent position was Head of
Director
the Corporate Planning and Strategy Division before he was appointed a Director of Danamon in 1999.
Roles and Responsibilities:

Operation
CREM
RCO
Small Medium Enterprise (SME)
Micro Business Banking
From 1999 2003 Muliadi Rahardja served as Director of Operational and Technology. From 2004
early 2008 he served as Director of Human Resources. Having served as Director of Human
Resources for 4 years, Muliadi Rahardja since 2008, Muliadi was appointed as Director of Operation
and his main tasks are guiding, nurturing, and overseeing operational activities at branches, regions,
headquarter, operation of payment centers, loan transaction services, Transaction Banking Centre such
as Trade Service, Custody Service, Treasury Operation (back office) and is responsible for the Regional
Corporate Officer, Corporate Real Estate Management Unit that manages Banks owned and rented
properties.
Commissioner of PT Adira Dinamika Multi Finance Tbk.

Indonesian citizen. Age 49. She was appointed as a Director of Danamon in June 2006 and reappointed
as Director in the Banks AGMS dated May 7, 2014. She has served on the Board of Management and
as Chief Financial Officer of Danamon since October 2003.
Vera Eve Lim graduated from the Faculty of Economics, Tarumanegara University (1989). She completed
an executive program in Stanford Graduate School of Business in 2008.
Work Experience
Since 2010 up to now she serves as Commissioner of PT Adira Dinamika Multi Finance Tbk. Previously
she served as Vice President Commissioner of PT Asuransi Adira Dinamika (2008-2012), Chief Financial
Officer in PT Bank Danamon Indonesia, Tbk. (2003-2006), and various senior positions in PT Bank
Vera Eve Lim Danamon Indonesia, Tbk. (1990-2003).
Director
Financial Planning & Control
Transformation Management Office
As Danamons Chief Financial Officer and Director, Vera Eve Lim is responsible for directing and
overseeing all the financial activities of Danamon. She monitors financial performance reporting and
policies assuring compliance with accepted financial and accounting standards as well as regulatory
requirements. She also acts as a business partner in the value creation end of the business by providing
strategic and operational performance reporting and analysis for each business.
Vera helps President Director and other business unit heads with up to date information regarding
competition and business strategic direction, lead and coordinating the corporate actions for the bank
and group such as acquisition, capital raising and corporate strategic planning. Also, she represents
Danamon in dealing with capital market and investing community.
Particular assignment:
Commissioner of PT Adira Dinamika Multi Finance, Tbk.
Indonesian citizen. Age 46. He was appointed as Danamons Director by General Meeting of Shareholders
(GMS) in 2008 as a Transaction Banking and Syariah Director and reappointed as Director in the Banks
AGMS dated May 7, 2014. He joined Danamon since 2003 as the Head of Transaction Banking.
He graduated from Padjadjaran University, Bandung (Farms Faculty).
Work Experience
He was a Senior Cash Management & Trade Business Development Manager in Standard Chartered
Indonesia (2000-2003) and was the International Operation Head in Bank Universal (1992-2000).
In 1998, he is the first Indonesian banker holding international certification in letter of credit from the
Herry Hykmanto International Chamber of Commerce France. He is active as the Chairman of the International Chamber
of Commerce Banking Commission Indonesia and actively represents Indonesia in various international
Director
and regional forums for International Trade Rules and Practices. He is also active as one of the chairs in
Indonesia Syariah Bank Association (ASBISINDO).

Syariah Banking
Since 2011, Herry Hykmanto is fully in charge of the development and practices of Danamons
Syariah Business Unit
Particular assignment:
Member of Yayasan Danamon Peduli Supervisory Board

Indian citizen. Age 56. He was appointed as Danamons Director by GMS in 2008 and reappointed as
Director in the Banks AGMS dated May 7, 2014. He joined Danamon in April 2004 as Chief Technology
Officer.
He received his B. Tech. degree in Electrical Engineering in 1980 from the Indian Institute of Technology,
Bombay.
Work Experience
He commenced his banking technology career by working on treasury systems with Unisys. He joined
Citigroup in 1987 and worked on diverse IT platforms in multiple countries. He has held number of senior
management positions in different companies within Citigroup world. Before joining Danamon, he served
Kanchan Keshav Nijasure as Global Technology Head for the Commercial and SME business of Citigroup International in London
(2000-2003).
Director
Roles and Responsibility:
Information Technology
Kanchan Nijasure is responsible for designing Danamons IT vision and strategy in close alignment with
the business strategy. He has put in place an IT End-state blueprint and roadmap to build world class
IT platform for Danamon. Under his leadership, many IT programs including New Core Banking Solution
have been successfully implemented. As a result, most businesses now have market leading technology
solutions. All missioncritical systems in Danamon have made a quantum leap in the level of reliability and
resilience. With full implementation of this blueprint in the next few years, Danamon will have a strategic
advantage in gaining market share and providing superior products and services to customers.
Indonesian Citizen. Age 57. She was appointed as a Director of Danamon since May 2009 and
reappointed as Director in the Banks AGMS dated May 7, 2014.
Received her Master of Law from Trisakti University.
Work Experience
Fransiska Oei Lan Siem started her career at PT Ficorinvest as Legal Head (1982-1984). She joined
Citibank N.A from 1984-2000 and 1998-2000 held various positions. Her latest position at Citibank N.A.
was as Chief of Staff and Compliance Director. Since February 2005 until 2009, she was appointed as
Director of PT Bank International Indonesia, Tbk (BII). Prior to that she was BIIs Legal and Compliance
Advisor (2004 2005) and BII Managing Director/Management Team (2000-2001).
Fransiska Oei Lan Siem
She was a Commissioner at PT Bank Mandiri Tbk (2004-2005) and the Founder and Senior Partner of
Director
LBAF Law Firm from (2002-2004).

Compliance
Corporate Secretary
KYC Unit
Legal
Litigation
Public Affairds
Fransiska Oei Lan Siem is responsible for the Banks compliance with prevailing regulations, including
Bank Indonesia regulations on implementation of Anti-Money Laundering and Counter Terrorism
Financing in Danamon.
She is also responsible for legal and litigation matters, and public affairs which manages Danamons
relations with the Banks external and internal stakeholders, including the public, media, relevant
institutions and associations, as well as communication with employees. On top of that, she oversees
the Corporate Secretary Office and ensures the Banks compliance with capital markets regulations and
Good Corporate Governance principles.

United States of America citizen. Age 60. He was appointed as a Director of Danamon since April 2010
and reappointed as Director in the Banks AGMS dated May 7, 2014. He has been the Business Head
of Treasury, Capital Markets, Financial Institution and Transaction Banking since he joined Danamon in
2009.
He was appointed as a Director of Danamon since April 2010 and reappointed as Director in the Banks
AGMS dated May 7, 2014.
Pradip Chhadva graduated in International Management from Thunderbird Graduate School of
International in Glendale, Arizona in 1981.
Pradip Chhadva Work Experience

He started his career with Citibank in 1984 as a Treasury Manager of Saudi American Bank (Citibank
Director
Affiliate) in Riyadh, Saudi Arabia and left the bank in 2007 as Deputy Division Head for Sales and Trading
in Citibank International, Miami, Florida. He then continued his career and worked in First Caribbean
International Bank in Barbados for three years starting 2007 and his last position was Group Head and
Managing Director for Treasury Sales and Trading.

Treasury Capital Market
Financial Institution
Transaction Banking
Pradip Chhadva is responsible for Treasury & Capital Markets, Financial Institution and Transaction
Banking. This involves the formulation of strategies and ensuring its executions and achievements of
the business bottom line. As the treasurer of Danamon, he is responsible for the optimal and prudent
management of Danamons balance sheet and liquidity management, interest rate and foreign exchange
risk management which includes planning for and executing the structural funding for Danamon. He is
also responsible for development and implementation of cash management products and strategy, trade
finance product and services and securities services products
Indonesian citizen. Age 48. She was appointed as a Director of Danamon since April 2010 and
reappointed as Director in the Banks AGMS dated May 7, 2014.
Dhany graduated in 1987 from North Texas State University with a BS degree in Computer Science and
received MBA degree from the University of Texas at Austin with distinction in 1990.
Work Experience
She joined Danamon as Head of Consumer Banking in December 1, 2009. Dhanys career spans across
multiple functions and geographies in the consumer banking area, including assignments in Singapore,
Hong Kong, Philippines and Malaysia. Dhany started her career as Management Trainee in Citibank
Indonesia in 1990.
Michellina Laksmi Triwardhany
She held numerous positions including Cards Business Director in Citibank Jakarta (January-April
Director
2001) and Standard Chartered Bank in Hong Kong (May 2001-July 2003), Country Retail in Citibank
in Philippines (August 2003-August 2007), and most recently as Country Business Head in Citibank
Malaysia covering cards, mortgage, personal loan, and retail bank (September 2007-2009).

Treasury Capital Market
Financial Institution
Transaction Banking
Vice President Commissioner of PT Asuransi Adira Dinamika

Canadian citizen. Age 52. He was appointed as Director of Danamon in April 2010 and reappointed as
Director in the Banks AGMS dated May 7, 2014.
He is a Chartered Accountant and he holds a Master of Commerce post graduate degree from Mumbai
University.
Work Experience
He pursued a career in Standard Chartered Bank from 1987 up to 2002, with his last position as Head
of Credit, Consumer Banking Malaysia.
Subsequently he worked for Mashreqbank, United Arab Emirates as Vice President and Head Retail
Satinder Pal Singh Ahluwalia Credit up to 2005. He then worked for ABN Amro Bank, Dubai as Senior Vice President and Regional
Head, Consumer Lending Group Risk Management (December 2005-April 2006).
Director
In May 2006, he joined Bank International Indonesia as Managing Director and Chief Risk Officer. In 2009
he was also appointed as Commissioner in WOM Finance, BIIs subsidiary as prior to joining Danamon.

Integrated Risk
Commissioner of PT Adira Quantum Multifinance

Number of Employees
Data Headcount Danamon Per December 2014 (Consolidated) 3% 2%
Source 2010 2011 2012 2013 2014
Danamon 26,275 30,736 33,939 35,423 31,660
Adira Finance 24,392 28,272 28,093 28,519 26,098

2014 52%
Adira Quantum 2,026 2,417 2,439 2,863 1,691
Adira Insurance 709 841 867 922 1,169
Total 53,402 62,266 65,338 67,727 60,618 43%
Employee Composistion Based on Education (Consolidated)

1%
Education 2010 2011 2012 2013 2014 17%
Post Graduate 575 579 577 573 542
Bachelor 34,487 40,256 41,162 42,361 37,834
Diploma 11,155 13,297 13,678 14,007 11,982 2014 63%
Senior High School 7,003 7,986 9,789 10,671 10,161

Junior High School/ 20%
Elementary 182 148 132 115 99
School
Total 53,402 62,266 65,338 67,727 60,618
Employee Compositiion Based on Employment Period (Consolidated)

2%
Year of Service 2010 2011 2012 2013 2014 15%
0-3 years 31,297 38,040 39,385 36,053 25,128
41%
3-5 years 5,963 7,661 8,066 11,676 14,555
5-10 years 8,799 9,259 10,311 11,479 10,896 2014

10-20 years 6,510 6,344 6,534 7,354 8,774 18%
>20 years 833 962 1,042 1,165 1,265
Total 53,402 62,266 65,338 67,727 60,618 24%
Employee Compositiion Based on Employement Status (Consolidated)

Employement Status 2010 2011 2012 2013 2014
Permanent 1)
39,287 45,265 47,186 47,075 42,476
Non Permanent 2)
14,115 17,001 18,152 20,652 18,142
Total 53,402 62,266 65,338 67,727 60,618
Note:
1) Permanent employees include permanent and probation.
2) Non Permanent employees include contracts, trainees, honor and expatriates. Data exclude outsources
employees.

Employee Compositiion Based on Age (Consolidated)

5% 11%
Age 2010 2011 2012 2013 2014
<25 years 6,850 9,676 9,364 9,066 6,343 24%
25-34 years 34,444 39,484 40,960 41,983 36,584
35-44 years 10,630 11,297 12,764 13,966 14,520

2014
>45 years 1,478 1,809 2,250 2,712 3,171
Total 53,402 62,266 65,338 67,727 60,618 63%
Employee Compositiion Based on Position (Consolidated)

1% 6%
Grade 2010 2011 2012 2013 2014
Top Management &
46 38 45 49 39
Technical Advisor
Senior Manager 325 336 362 407 422

28%
Manager 2,410 2,586 2,909 3,495 4,045 2014
Officer 12,117 13,903 15,618 16,894 16,818
Staff 38,504 45,403 46,404 46,882 39,294
Total 53,402 62,266 65,338 67,727 60,618 71%
Training Program Statistics

Training Program 2010 2011 2012 2013 2014
Number of Training
8,000 6,237 4,230 3,329 2,948
Programs
Number of
70,500 67,632 83,277 90,864 70,278
Participants
Total Man-days 165,000 218,480 203,397 237,446 175,059

Total Investment on
204,713 285,673 265,705 261,079 225,942
Training (Rp million)
Average Investment
2.90 4.22 3.19 2.87 3.21
per Employee (Rp million)

Shareholders Composition
25.84%
Asia Financial (Indonesia)

Pte, Ltd.
Investment Funds
6.79% 67.37%
Public
Board of Commissioners and Directors who own Danamons shares are included in the Public
Shareholders whose shares is below 5%.
Share Ownership Composition

As of 31 Desember 2014
Number of Total
Shares Ownership Nominal
SHAREHOLDERS
Issued and Percentage (in million
Fully Paid Rupiah)
Series A Shares (Nominal Value Rp 50,000 (full value) per share)
Public (Ownership below 5% respectively) 22.400.000 0,23% 1.120.000
Series B Shares (Nominal Value Rp 500 (full value) per share)

Asia Financial (Indonesia) Pte. Ltd. 6,457,558,472 67.37% 3,228,779
JPMCB - Franklin Templeton Invesment Funds 650,279,488 6.79% 325,140
Public (Ownership below 5% respectively, excluding
ownership by the Board of Commissioners and 2,437,181,763 25.43% 1,218,591
Board of Directors)
Board of Commissioners and Board of Directors
Ng Kee Choe 94,275 0.00% 47
Henry Ho Hon Cheong 2,161,500 0.02% 1,081
Muliadi Rahardja 6,405,515 0.07% 3,203
Herry Hykmanto 502,256 0.01% 251
Vera Eve Lim 5,020,500 0.05% 2,510
Kanchan Keshav Nijasure 1,187,866 0.01% 594
Fransiska Oei Lan Siem 1,234,730 0.01% 617
Michellina Laksmi Triwardhany 617,000 0.01% 309
Total shares of A Series and B Series 9,584,643,365 100% 5,901,122

20 Largest Shareholders as of 31 Desember 2014

No. Shareholder Ownership %
1 Asia Financial (Indonesia) Pte. Ltd 6.457.558.472 67,37%
2 JPMCB-Franklin Templeton Investment Funds 650.279.488 6,79%
3 Citibank Singapore S/A CBSG-Aranda Inv Pte Ltd 392.822.398 4,10%
4 JPMCB-Stichting Depositary APG EME MRKT EQ Pool 135.842.700 1,42%
5 JPMCB-Templeton Emerging Market Investment Trust Plc 134.932.433 1,41%
6 Singapex Investment Pte Ltd 130.414.740 1,36%
7 PT Guna Dharma 95.846.434 1,00%
8 BBH Boston S/A Vangrd EMG MKTS STK INFD 60.919.524 0,64%
9 GIC S/A Government Of Singapore 54.708.218 0,57%
10 BNYM SA/NV AS Cust Of Employees Provident Fund 51.656.546 0,54%
11 Citibank New York S/A Dimensional Emerging Markets Value 36.234.654 0,38%
Fund
12 SSB OBIH S/A Ishares MSCI Emerging Markets ETF 33.193.916 0,35%
13 SSB HJT3 S/A HKJC Equity Trust Fund 32.446.000 0,34%
14 JPMCB-PFA KAPITALFORENING 26.808.900 0,28%
15 RBC IST S/A Canada Post Corporation Pension Plan 26.304.085 0,27%
16 SSB 1BA9 ACF MSCI Equity Index Fund B-Indonesia 25.461.489 0,27%
17 Reksa Dana Schroder Dana Prestasi Dinamis 23.527.000 0,25%
18 Reksa Dana Kharisma Flexi Terbatas 3 22.619.000 0,24%
19 JPMCB-Templeton Asian Growth Fund 22.214.100 0,23%
20 Interventures Capital Pte. Ltd. 21.688.300 0,23%
The profile of public shareholder with ownership below 5% as of 31 December 2014 are as follows:
Ownership Number of Owership
No Total Share
Status Shareholders Percentage
National Shareholders
1 Individual Indonesia 25,148 146,221,441 1.526%
2 Mutual Funds 449 160,880,853 1.679%
3 Danareksa 3 168 0.000%
4 Insurance 48 71,995,449 0.751%
5 Foundation 109 25,045,040 0.261%
6 Cooperative 39 612,993 0.006%
7 Others 71 78,574,656 0.820%
sub total 25,867 483,330,600 5.043%
Foreign Shareholders
1 Individual Foreign 206 7,557,396 0.079%
2 Foreign Entity 724 2,023,177,009 21.108%
3 Others 0 0 0.000%
sub total 930 2,030,734,405 21.187%
TOTAL 26,797 2,514,065,005 26.230%

Majority and Controlling Shareholder
Shareholder Structure
Temasek Holdings (Private) Limited
100%
Fullerton Management Pte Ltd
100%
Fullerton Financial Holdings Pte Ltd
100%
Templeton: JPMCB-Franklin
ASIA FINANCIAL (INDONESIA) PTE LTD Public
Templeton Investment Funds
6,79% 67,37% 25,84%

(650.279.488 shares) Series B (6.457.558.472 shares) Series B (22.400.000 shares) Series A
(2.454.405.405 shares) Series B
PT BANK DANAMON INDONESIA, TBK.
About Temasek Holdings (Private) Limited

Incorporated in 1974, Temasek is an investment company based in Singapore. Supported by 11 offices globally,
Temasek owns a S$223 billion (US$177 billion) portfolio as at 31 March 2014, mainly in Singapore and Asia.
Temaseks investment themes centre on:

Transforming Economies
Growing Middle Income Populations
Deepening Comparative Advantages, and
Emerging Champions
Its portfolio covers a broad spectrum of industries: financial services; telecommunications, media and technology;
transportation and industrials; life sciences, consumer and real estate; as well as energy and resources. Temasek is
guided by an independent board and managed on commercial principles to create and deliver sustainable long term
value for its stakeholders.
As an active and engaged shareholder, Temasek promotes sound governance in its portfolio companies. Temasek
supports the formation of high calibre, experienced and diverse boards to guide and complement management
leadership.
Total shareholder return for Temasek since its inception in 1974 was 16% compounded annually. Temasek has had an
overall corporate credit rating of Aaa by Moodys and AAA by Standard & Poors since the companys inaugural
rating in 2004.
Asia Financial (Indonesia) Pte Ltd has a [67.37% - to be updated] shareholding in PT Bank Danamon Indonesia Tbk
as of 31 December 2014. Asia Financial (Indonesia) Pte Ltd is wholly-owned by Fullerton Financial Holdings Pte Ltd,
which in turn is an indirect, wholly-owned subsidiary of Temasek.
For more information on Temasek, please visit www.temasek.com.sg

Share Listing Chronology

Danamons shares are listed Indonesia Stock Exchange with trading code BDMN.
Total issued shares are 9,584,643,365 shares. Total unlisted shares to meet the regulation No. 29
year 1999 regarding shares trading of commercial bank is 95,846,434 shares under the name of
PT Guna Dharma.
In 2014, there were no corporate action conducted by Danamon which impact the shares issued.
A Series Shares
Shares from Initial Public Offering in 1989 12,000,000
Founders shares 22,400,000
Bonus shares from capitalization of additional paid-up capital - capital paid in excess 34,400,000
of par value in 1992
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) I in 1993 224,000,000
Bonus shares from capitalization of additional paid-up capital - capital paid in excess 112,000,000
of par value in 1995
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) II in 1996 560,000,000
Founders shares in 1996 155,200,000
Shares resulting from stock split in 1997 1,120,000,000
2,240,000,000
Increase in par value to : 20 Rp10,000 (full amount) per share through reduction in : 20
total number of shares (reverse stock split) in 2001 112,000,000
Increase in par value to Rp50,000 (full amount) per share through reduction in total :5
number of shares (reverse stock split) in 2003 22,400,000
Total A series shares As of 31 December 2014 22,400,000

B Series Shares
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) III in 1999 215,040,000,000
Shares issued in connection with the Banks merger with the former PDFCI in 1999 45,375,000,000
Shares issued in connection with the Banks merger with Bank Tiara in 2000 35,557,200,000
Shares issued in connection with the Banks merger with 7 Taken-Over Banks* (BTOs) 192,480,000,000
in 2000
488,452,200,000
Increase in par value to Rp100 (full amount) per share through reduction in total : 20
number of shares (reverse stock split) in 2001 24,422,610,000
Increase in par value to Rp500 (full amount) per share through reduction in total :5
number of shares (reverse stock split) in 2003 4,884,522,000
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) IV in 2009 3,314,893,116
Shares from Limited Public Offering with Pre-emptive Rights (Rights Issue) V in 2011 1,162,285,399
Shares issued in connection with Employee/Management Stock Option Program
(tranche I-III)
-2005 13,972,000
-2006 24,863,000
-2007 87,315,900
-2008 13,057,800
-2009 29,359,300
-2010 26,742,350
-2011 5,232,500
Total B Series Shares as of 31 December 2014 9,562,243,365

Other Securities Listing Chronology
Bond Listing Chronology
Bond/
Number of Core and Issuance Rating Annual
Trading Code/Listing Due Date Status Trustee
Interest Rate Date Agency Rating
Agency
Subordinated Debt 300 US$ 30 Mar 2004 30 Mar 2014 Buy back/ DB Moodys 2004: B3
Code: CI 7.65% (Option Settlement Trustees Investors 2005: B2
Settlement Date on 30 (Hong Service, Inc. 2006: Ba3
30 Mar 2009) Mar 2009 Kong) Fitch, Inc 2007: Ba2
Limited 2008: B1
2004: B
Singapore Stock S&P 2005: B
Exchange 2006: B
2007: B
2008:BB-
Bond Series IA Rp250,000,000,000 20 Apr 2007 19 Apr 2010 Settled PT Bank PT 2007:AA-
Year 2007 9.40% Mega Tbk Pemeringkat 2008: id AA+
Code: BDMN01A Efek 2009: id AA+
Indonesia Stock Indonesia 2010: idAA+
Exchange
Bond Series IB Rp1,250,000,000,000 20 Apr 2007 19 Apr 2012 Settled PT Bank PT 2007:AA-
Year 2007 10.60% Mega Tbk Pemeringkat 2008: id AA+
Code: BDMN01B Efek 2009: id AA+
Indonesia Stock Indonesia 2010: idAA+
Exchange 2011: id AA+
2012: id AA+
Bond Series IIA Rp1,879,000,000,000 10 Dec 2010 9 Dec 2013 Settled PT Bank PT 2010: idAA+
Year 2010 8.75% Mandiri Pemeringkat 2011: id AA+
Code: BDMN02A (Persero) Efek 2012: id AA+
Indonesia Stock Tbk Indonesia 2013: id AA+
Exchange
Bond Series IIB Rp921,000,000,000 10 Dec 2010 9 Dec 2015 Non due PT Bank PT 2010: idAA+
Year 2010 9% date Mandiri Pemeringkat 2011: id AA+
Code: BDMN02B (Persero) Efek 2012: id AA+
Indonesia Stock Tbk Indonesia 2013: id AA+
Exchange 2014:idAAA
CORPORATE ACTION
In 2014 Danamon did not conduct any corporate actions which caused the change in number of total issued
shares.

Subsidiaries and Affiliated Companies
Ownership Structure
PT Adira Dinamika PT Asuransi Adira PT Adira Quantum

Multi Finance Tbk Dinamika Multifinance
Company Bussiness Activity % Ownership

Subsidiaries
PT Adira Dinamika Multi Finance Tbk (Adira
Multifinance 95%
Finance)
PT Asuransi Adira Dinamika (Adira Insurance) Insurance 90%
PT Adira Quantum Multifinance (Adira Kredit) Multifinance 99%
Affiliated Companies
PT Bank Woori Saudara Indonesia 1906 Tbk Commercial Bank 2.68%
PT Bank Chinatrust Indonesia Commercial Bank 1.00%
Others Ventura Capital etc 0.24% - 4.21%
The addresses of Danamons subsidiaries head offices can be viewed in the Corporate Data chapter.

ADIRA FINANCE
On 26 January 2004, Danamon signed a Call Option Agreement, in which the most recent amendment
is stipulated at the Fourth Amendment to the Amended and Restated Call Option Agreement
dated on 22 December 2006. Referring to the Call Option Agreement, the Bank reserves the rights
to purchase up to 20% of the total shares issued by Adira Finance at an agreed pre-determined
strike price. This expiration date of this Call Option was on 30 April 2009. On 8 April 2009, the Bank
signed an Extention to the Amended and Restated Call Option Agreement which extends the Call
Option expiration date to 31 July 2009. On the Call Option issuance date, the Bank paid a premium
of Rp 186,875 millions over this call option.
On 22 November 2005, BI gave its formal approval on the 95% ownership investment in Adira
Dinamika Multi Finance, Tbk (ADMF).
On 9 July 2009, Danamon executed its Call Option to purchase 20% of Adira Finance shares
with an acquisition worth of Rp 1,628,812 in which the amount includes the premium paid for call
option at Rp 186,875. Therefore, as of 9 July 2009, the Bank has owned 95% of Adira Finance
shares and entitles for 20% of Adira Finances net profit since 1 January 2009. Adira Finance
Articles of Association has been amended several times, with the latest amendment being effected
through notarial deed No. 6 dated on 7 May 2012 by P. Sutrisno A. Tampubolon, SH, M.Kn made
in conjunction with the amendment of article 1, paragraph 1 on the additional business activity as
stipulated in article 3, paragraph 2 and additional provisions in the Articles of Association with regard
to the Syariah Supervisory Board stipulated in article 17 of Adira Finance Articles of Association,
which had been received and registered in the Legal Entity Administrative System Database of the
Ministry of Law and Human Rights of the Republic of Indonesia No. AHU-26913.AH. 01.02 of 2012
dated on 21 May 2012 and has been announced through the Adendum No. 33952 of the State
Gazette of the Republic of Indonesia No. 38 dated on 10 May 2013.

Subsidiaries and Affiliated Companies
ADIRA INSURANCE
Ministry of Finance (Bapepam-LK) in its letter dated on 30 June 2009 has approved the change of
share ownership of PT Asuransi Adira Dinamika (Adira Insurance) from PT Adira Dinamika Investindo
to Danamon. On 9 July 2009, PT. Adira Dinamika Investindo has signed a transfer agreement of
90% of Adira Insurances shares to Danamon. Therefore, Danamon currently owns 90% of Adira
Insurances shares.
Confirmation and approval for such transfer transaction was obtained from EGMS of Adira
Insurance and has been posted in EGMS Deed No. 8 dated on 9 July 2009 made by a Public
Notary P. Sutrisno A. Tampubolon, SH, M.Kn, received and registered in the Database of Legal
Administrative System of the Directorate General of Common Law Administration of the Ministry
of Law and Human Rights of the Republic of Indonesia No. AHU.AH.01.01.12574 dated on 7
August 2009.AIs Article of Association has been amended several times, the latest amendment
by notarial deed No. 3 of Charlon Situmeang, S.H., as a substitude notary of Pahala Sutrisno
Amijoyo Tampubolon, S.H., dated 8 August 2014 regarding the changes in the composition of the
Companys Directors. This notification was received by the Minister of Laws and Human Rights of
the Republic of Indonesia in its Letter of Receipt of the Announcement of Changes in Data of the
Company No. AHU-23109.40.22.2014 dated 8 August 2014.
BI in its letter dated on 14 December 2010 has approved the Danamons plan to increase its
ownership in Adira Insurance and increase its capital shares from Rp 15,000 to Rp 100,000. The
increase of Adira Insurances capital shares to Rp 100,000 is stipulated through Deed No. 26 dated
on 21 December 2010 on the Declaration of Shareholder Decision made through a Public Notary
in Jakarta, Charlon Situmeang, SH, a replacement of P. Sutrisno A. Tampubolon, SH, M.Kn. These
amendments have been received by the Ministry of Law and Human Rights of the Republic of
Indonesia through its Letter of Acceptance of the Announcement of Adira Insurance Data No. AHU-
60063.AH.01.02 dated on 27 December 2010.

ADIRA KREDIT
On 12 December 2007, a confirmation of agreement on sales and purchase of PT Adira Quantum
Multifinance (Adira Kredit) had been signed. Confirmation and approval for such transactions has
been obtained from the Annual General Meeting of Shareholders (AGMS) of Adira Kredit as
stipulated on Deed No. 15 dated on 13 June 2008 made before a Public Notary in Jakarta, Catherina
Situmorang, SH where the amendements have been approved by the Ministry of Law and Human
Rights of the Republic of Indonesia in a Decree No. AHU.AH.01.10-18248 dated on 18 July 2008.
BI in its letter dated on 31 December 2008 approved Danamons plan to increaseits ownership in
Adira Kredit from 90% to 99% and increase Adira Kredit capital share to Rp100 billions. Furthermore,
on 23 April2009, Danamon and Adira Finance entered into a sale and purchase of a share agreement
with minority shareholders of Adira Kredit where minority shareholders agreed to sell, transfer and
assign 900 shares and 100 shares constituting of 9% and 1% of total issued shares of Adira Kredit
to the Bank and Adira Kredit which was executed in May 2009.
As a result, Danamon and Adira Finance increased their ownership in Adira Kredit by 10%.
Confirmation and approval for such transfer transaction has been obtained from EGMS of Adira Kredit
stipulated on Deed No.12 dated 15 May 2009 by P. Sutrisno A. Tampubolon, SH., M.Kn, a Public
Notary in Jakarta, which was received and registered in the Database of the Legal Administrative
System of Directorate General of Common Law Administration of the Ministry of Law and Human
Rights of the Republic of Indonesia No. AHU-AH.01.10-10739 dated on 17 July 2009. The increase
in Adira Kredits share capital to Rp100 billions was stipulated on Deed No. 29 dated 23 July 2009
by P. Sutrisno A. Tampubolon,S.H., M.Kn., a Public Notary in Jakarta, and its amendments have
been approved by the Ministry of Law and Human Rights of the Republic of Indonesia in a Decree
Letter No. AHU-39039.AH.01.02 dated on 13 August2009, and published in the Addendum No.
9659 of the State Gazette of the Republic of Indonesia No. 65 dated on 13 August 2010.
Adira Kredits Articles of Association has been amended several times, the latest by Notarial Deed
No. 10 dated 10 October 2014 of P. Sutrisno A. Tampubolon S.H., M.Kn., concerning the changes
related to the Board of Directors. The amendment was received and recorded by the Ministry of Law
and Human Rights in its Letter No. AHU-35255.40.22.2014 dated 13 October 2014.

Corporate Group Structure
Temasek Holdings (Private) Limited*
100%
100%
100%
JPMCB-Franklin Templeton Publik

ASIA FINANCIAL (INDONESIA) PTE LTD
Investment Funds (Kepemilikan Saham di Bawah 5%)
6.79% 67.37% 25.84%
Adira Adira Adira

Woori SKrV
Chinatrust Others
Finance Insurance Kredit
95% 90% 99% 4.81% 1.00% 0.24% - 4.21%
*Temasek dimiliki oleh Kementerian Keuangan Singapura

Capital Markets Supporting Institutions & Professionals
Name of Company PT Pemeringkat Efek Indonesia

PT Bank Danamon Indonesia, Tbk. (Pefindo)
Panin Tower Senayan City 17th Floor
Date of Establishment Jalan Asia Afrika Lot 19
16 July 1956 Jakarta 10270, INDONESIA
Phone (62-21) 7278 2380
Shareholder Composition Fax (62-21) 7278 2370
Asia Financial (Indonesia) Pte, Ltd: 67,37% Email : www.pefindo.co.id
Investment Funds: 6,79% Notary
Publik: 25,84%
P. Sutrisno A. Tampubolon, S.H.,M.Kn
Rating Companies Jl. Sunda Nomor 7
(Sarinah Thamrin Menteng)
Standard & Poors Jakarta 10350
30 Cecil Street Phone: (62-21) 3157 129 3921 128
Prudential Tower 17th Floor Fax: (62-21) 3157 130
Singapore 049712
Phone : (65) 6438 2881 Trustee
Fax : (65) 6438 2320
Website : www.standardandpoors.com PT Bank Mandiri (Persero) Tbk.
Plaza Mandiri
Moodys Singapore Pte Ltd Jl. Jend. Gatot Subroto Kav. 36-38
50 Raffles Place #23-06 Jakarta 12190
Singapore Land Tower 048623 Phone: (62-21) 5265 045, 5265 095
Phone : (65) 6398 8300 Fax: (62-21) 5274 477, 5275 577
Fax : (65) 6398 8301 Website : www.bankmandiri.co.id
Website : www.moodys.com
Securities Services Transaction Banking
PT Fitch Ratings Indonesia PT Bank Danamon Indonesia, Tbk.
50 Raffles Place #23-06 Menara Bank Danamon, 9th Floor
Singapore Land Tower 048623 Jl. Prof. Dr. Satrio Kav. E4 No.6
Phone : (65) 6398 8300 Mega Kuningan, Jakarta 12950
Fax : (65) 6398 8301 Phone : (+62 21) 5799 1001-03
Website : www.moodys.com Fax : (+62 21) 5799 1073

Capital Markets Supporting Institutions & Professionals
Registered Public Accountant Share Registrar
Purwantono, Suherman & Surja PT Raya Saham Registra

(a member of Ernst & Young Global Plaza Sentral 2th Floor
Limited) Jl. Jend. Sudirman Kav. 47-48
Indonesia Stock Exchange Building Jakarta 12930
Tower 2, 7th Floor Phone : (+62 21) 2525 666
Jl. Jend. Sudirman Kav 52-53 Fax : (+62 21) 2525 028
Jakarta 12190, Indonesia
Tel : +62 21 5289 5000 For further information:
Fax : +62 21 5289 4100
www.ey.com/id Public Affairs
Bursa Efek Indonesia Menara Bank Danamon, 5th Floor
PT Bursa Efek Indonesia Jl. Prof. Dr. Satrio Kav.E4 No.6
Indonesia Stock Exchange Building 1st Tower, Mega Kuningan, Jakarta 12950, Indonesia
Jl. Jend. Sudirman Kav. 52-53 - Jakarta 12190 Phone : (+62 21) 5799 1001-03
Phone : (+62 21) 5150 515 Fax : (+62 21) 5799 1161
Fax : (+62 21) 5154 153 Email : public.affairs@danamon.co.id
Email : listing@idx.co.id
Website : www.idx.co.id Investor Relations
KSEI Menara Bank Danamon, 6th Floor
PT Kustodian Sentral Efek Indonesia Jl. Prof. Dr. Satrio Kav.E4 No.6
Indonesia Stock Exchange Building 1st Tower Mega Kuningan, Jakarta 12950, Indonesia
5th Floor Phone : (+62 21) 5799 1001-03
Jl. Jend. Sudirman Kav. 52-53, Fax : (+62 21) 5799 1441
Jakarta 12190 Indonesia Email : investor.relation@danamon.co.id
Phone : (+62 21) 5152 855
Fax : (+62 21) 5299 1199 Corporate Secretary
Toll Free : 0800-186-5734 PT Bank Danamon Indonesia, Tbk.
Email : helpdesk@ksei.co.id Menara Bank Danamon, 7th Floor
Website : www.ksei.co.id Jl. Prof. Dr. Satrio Kav.E4 No.6
Phone : (+62 21) 5799 1001-03
Fax : (+62 21) 5799 1160
Email : corpsec@danamon.co.id
Website : www.danamon.co.id

Awards and Certificate
2013 USD STP Banking Service

Excellence Award Excellence Monitor
Deutche Bank (BSEM) Survey
2013/2014
US Dollar STP
MRI and Infobank
Excellence Award for Magazine
the Exceptional Quality 5th Best Overall
of Payment Messages Performance
with a rating of STP Commercial Bank (with a
98.3% score of 82.56)
Banking Service Banking Service

Excellence Monitor Excellence Monitor
(BSEM) Survey (BSEM) Survey
2013/2014 2013/2014
MRI and Infobank MRI and Infobank
Magazine Magazine
1st Best Teller 1st Best ATM Islamic
Commercial Bank (with a Business Unit (with a
score of 91.63) score of 100)
Banking Service Forbes Global 2000 of

Excellence Monitor 2014
(BSEM) Survey Forbes Magazine,
2013/2014 United States of
MRI and Infobank America
Magazine The Worlds Largest
3rd Best Phone Handling Public Companies 2014
Islamic Business Unit
(with a score of 68.85)

Awards and Certificate
Infobank Awards 2014 Asiamoney Foreign

Infobank Magazine Exchange (FX) Poll 2014
Bank with category of Asiamoney
Very Good on Financial Best Domestic Provider
Performance in 2013 of FX Services
Asiamoney
Asiamoney Foreign Asiamoney Foreign
Foreign
Exchange (FX) Poll 2014 Exchange (FX) Poll 2014
Exchange (FX)
Asiamoney Asiamoney
Poll 2014
Best Domestic Provider Best Domestic Provider
Asiamoney
for FX Products and for FX Options
Best Domestic
Services Provider for
FX Research
and Market
Coverage
Annual Report Award (ARA)

Indonesia WOW Brand Financial Services Authority (OJK), Bank of
2014 Indonesia (BI), Indonesia Stock Exchange
Silver Champion of (BEI), Directorate General of Taxation,
Indonesia WOW Brand Ministry of Stated-Owned Enterprises, the
2014 for Category of National Commission on Governance and the
Banking Industry for Indonesian Institute of Accountants.
Mortgage Products 1st Winner of Annual Report Award (ARA)
2013 for Category of Private Financial of Listed
Companies.

Best Participant-SKNBI Best Corporate

Otomasi 2014 Governance Award
Bank Indonesia The Indonesian
SKNBI Otomasi 2014 Institute
(27 September 2014) for Corporate
Governance
Best Corporate
Governance Overall
(8 December 2014)
The 10Th SRI-KEHATI Index

Sustainability Award Biodiversity
The National Center Conservation Trust
for Sustainability Fund
Reporting (NCSR) Constituent of
Runner Up-1 Sustainable
Sustainability Reporting Responsible
Award 2014 Financial Investment (SRI)-
Services Category KEHATI Index
21 April 2014
Certificate of Registration
Certificate No:
Location
BCMS 598130
Registered Activities
Extend *ISO 223012012-BCMS Certification
British Standards Institution
PT Bank Danamon Indonesia, Tbk. Treasury & Capital Markets, Treasury Operations (TROPS),
Menara Bank Danamon Middle Office (MO), Cash Management Department (CMD),
BUSINESS CONTINUITY MANAGEMENT SYSTEM - ISO 22301:2012 Jl. Prof. Dr. Satrio Kav. E4/6 Trade Services, Securities Operations, Securities Services
Mega Kuningan, Jakarta 12950
Indonesia
This is to certify that: PT Bank Danamon Indonesia, Tbk.
PT Bank Danamon Indonesia, Tbk. Central Payment, Common File, BI Reporting, Helpdesk
In 2014 Danamon was able to extend the ISO22301:2012 Certification-

Menara Bank Danamon Jl. Abdul Muis No. 60 Operations, Card Transaction Services (CTS) and Business
Jl. Prof. Dr. Satrio Kav. E4/6 Jakarta 10160 Support
Mega Kuningan, Jakarta 12950 Indonesia
Indonesia
PT Bank Danamon Indonesia, Tbk. Information Technology (IT)
Jl. Kebon Sirih No. 15
Jakarta 10340
Business Continuity Management System acquired in 2013, after a

Indonesia
PT Bank Danamon Indonesia, Tbk. Card Operations and Danamon Access Centre (DAC)
Jl. Prapatan No. 50
Holds Certificate No: BCMS 598130 Jakarta 10110
Indonesia
and operates a Business Continuity Management System which complies with the requirements of ISO 22301:2012 PT Bank Danamon Indonesia, Tbk. Central Processing SEMM (Self Employed Mass Market) and
satisfactory result with non comformity findings based on certification

for the following scope: Jl. Matraman Raya No. 52 Loan Transaction Services
Jakarta 13150
Indonesia
ISO 22301:2012 applies to Regulatory requirements, products & services such as Foreign
Exchange, Interest Rates, Bonds & Money Market; Cash Pick Up, Cash at Work; Imports,
Exports, Guarantees & Loans; Fund Administration, Safe Keeping (ORI, Shares, Government
Bonds, Corporate Bonds) and Cards with support functions which facilitates the BCMS
surveillance audit conducted by the British Standards Institution Group.

operations of PT Bank Danamon Indonesia, Tbk. at Jakarta, Indonesia.
Exclusion: Products or Services nearing end of life; and Products or Services that are
considered with low margin for the Bank
For and on behalf of BSI:

Gary Fenton, Global Assurance Director
Originally registered: 17/06/2013 Latest Issue: 17/06/2013 Expiry Date: 16/06/2016
Page: 1 of 2
Originally registered: 17/06/2013 Latest Issue: 17/06/2013 Expiry Date: 16/06/2016
Page: 2 of 2
This certificate was issued electronically and remains the property of BSI and is bound by the conditions of contract.
*The first company in Indonesia and the first bank in South East Asia certified with ISO 22301-2012
An electronic certificate can be authenticated online.
This certificate was issued electronically and remains the property of BSI and is bound by the conditions of contract. Printed copies can be validated at www.bsi-global.com/ClientDirectory or telephone +62 21 83793174 77.
An electronic certificate can be authenticated online. Further clarifications regarding the scope of this certificate and the applicability of ISO 22301:2012 requirements may be obtained by consulting the organization.
Printed copies can be validated at www.bsi-global.com/ClientDirectory or telephone +62 21 83793174 77. This certificate is valid only if provided original copies are in complete set.
Further clarifications regarding the scope of this certificate and the applicability of ISO 22301:2012 requirements may be obtained by consulting the organization.
This certificate is valid only if provided original copies are in complete set. Indonesia Headquarters: Menara Bidakara 2, 17th Floor Unit 5, Jl. Jend. Gatot Subroto Kav. 71 - 73, Komplek Bidakara,
BCMS by BSI Group Indonesia

Pancoran, Jakarta Selatan 12870. Tel: +62 21 8379 3174 - 77. Fax: +62 21 8379 3287
Indonesia Headquarters: Menara Bidakara 2, 17th Floor Unit 5, Jl. Jend. Gatot Subroto Kav. 71 - 73, Komplek Bidakara, A Member of the BSI Group of Companies.
Pancoran, Jakarta Selatan 12870. Tel: +62 21 8379 3174 - 77. Fax: +62 21 8379 3287
A Member of the BSI Group of Companies.

Fufu Smoked Fish

Johni Wahyu Pratama - SME Region 4B, North Maluku
Second Place - Traditional Market Photography Ccmpetition

Management
Discussion &
Analysis

Management Discussion and Analysis
In managing 2014 economic challenges, Danamon activities for business

activities adhered to prudential policies. Having wide range of product
offerings, Danamon focused on maintaining quality balance sheet
and improve cost structure. And leveraging on its variety of services,
Danamon intensifies the synergy between its business units, while
continues transforming its business by consolidating and centralizing
various business and service processes to enhance the competitive
edge of each in segment.

Growth of Credit: Non-mass Liquidity: Succesfully brought

market grew down LDR to
5.2 % 92.6 %
CASA Journey: Persistent efforts Trade Finance : Very strong growth,
to raise CASA ratio from 26% (in
39
39% average annual expansion in
2008), and by the end of 2014 the past 3 year
%
49
reached
SME: SME Loans showed

significant growth of
7 %
and gained market share.
49
On Liquidity Management: Long Term CASA: Dominated (60%) by Savings
funding has shifted the reliance on Accounts.
joint finance, reducing market risk from
customer short term deposit re-pricing.
Adira Insurance: Strong growth of Adira Finance: Market share of 4W
Gross Written Premium (GWP) and motor vehicle continued to increase
active policies (increased by 20% and from quarter to quarter, reached 6.5%
17% respectively). by end of year 2014. Market share of
2W vehicles was 13%

Macroeconomic and Industry Review
The banking industry recorded a softer loan growth in 2014, reflecting the
subdued pace of economic growth and relatively high interest rates. Danamon
continued to improve its Loan to Deposit ratio and its operating expense
indicators, placing the Bank in a strong position to rebound as the macro
economic conditions allow. With its wide network of services, supported by
its competent human resources and its up-to-date information technology,
Danamon is ready to seize the opportunity afforded by the economy.

The Indonesian economy was still under of Ebola disease in some part of Africa raised
various pressures in 2014. The legislative and a concern over its impact on global economy.
presidential elections did not generate as much While on the fundamentals, US economy
drive for economic growth as initially expected. gradually displays the signs of recovery that
The economy slowed down as the impact of triggers the rate hike expectations (Fed Funds
the rise of Bank Indonesias rate by 175bps Rate) this year. This lead to the global trend of
in the previous year. Credit growth slowed rising US dollar values, especially in the light
down significantly from prediction, from of continued softening of economic growth in
approximately 20% to 11.6% as of December China, Japan and Europe.
2014. Furthermore, the governments fiscal
expansion was running very slowly due to the This caused a significant fluctuation on the
unfavourable political conditions. Rupiah throughout the year. After rising to
the level of Rp11,271/USD in April boosted
Meanwhile, the current account deficit problem optimism Jokowis presidential candidacy,
was still a significant burden for the Indonesian various negative sentiments drove the value
economy. Import was still high, especially oil of Rupiah down to Rp12.269/USD (losing
imports. While the export recovery was very 8%), before moving up finally to a level around
subdued as the global economic growth, Rp12,026/USD, following the optimism for the
particularly in the main trading partner new government. However, toward the end
countries such as China, Japan and Europe. of the year, the pressures depreciated Rupiah
The dissapointing global economy also sharply to Rp12,900/USD which was its lowest
encouraged the weakening of the prices of rate in the last 16 years, before finally closing
primary commodities, thus impacted negatively at Rp12,440/USD. This volatility was also
to Indonesian export commodities. reflected in the fluctuation in the capital market,
where the stock price index managed to rise to
On the other hand, the global financial 5,246 in September before it was corrected to
market was very volatile, driven by various 5,227 at the end of 2014.
fundamental and geopolitical factors. The
political crisis in Ukraine and Russia triggered In November 2014, the government decided
a war of economic sanctions between western to reduce fuel subsidy by increasing the
countries and Russia. The appearance of price of premium gasoline and diesel fuel by
extremist group of ISIS spreading terror in the Rp2,000, setting the price of premium gasoline
Middle East region contributed to the market at Rp8,500/liter and diesel fuel at Rp7,500/liter.
negative sentiments. Furthermore, the spread BI responded to the decision by a monetary

tightening policy where BI Rate was raised the statutory reserve requirement (Giro Wajib
again by 25bps to 7.75% (as of November Minimum/GWM) to ease the liquidity in the
2014). With the high fluctuations in the global banking system. Previously, Financial Services
financial markets, the exchange rate of Rupiah Authority (OJK) had also worked to dampen
however was unaffected and remained at the intense competition for banks funding
around Rp12,400/USD. Coinciding with the by applying maximum interest rates for time
turn of the year, the government took an deposits.
important step to secure its fiscal condition, by
eliminating the subsidy for premium (RON 88) The new government has raised high hopes
fuel, while the subsidy for diesel was fixed at in the election of a reformist figure. Under the
Rp1,000/liter. Furthermore, the government will leadership of Jokowi-JK, the new government
set the price of fuel each month aligned with will prioritize infrastuctures development,
the economic price. prepare more efficient government budgets
and develop Indonesian maritime sector. The
During 2014, BI issued several macroprudential economic growth of Indonesia is expected to
policies. In the efforts to encourage financial improve to 5.3% in 2015 from 5.1% in 2014.
market deepening, BI issued revisions and The flow of investment has the potential to
improvements over its regulation on swap rise, despite the less than conducive global
(hedging) transactions amongst banks and the economic conditions.
central bank, and initiated mini agreements
(MRA) between banks to increase the volume of Inflationary pressure in 2015 is expected to
repo transactions. In the efforts to limit the risk moderate to around 3.9%, with the easing of
of corporate non-payment, BI has obligated inflationary pressures due to rising fuel prices
corporates to hedge their foreign exchange in the previous year. The easing of inflation is
liabilities. The last macroprudential policy in expected to encourage BI to cut interest rates
2014 was issued by BI along with the increase by 25-50bps in 2015. However, BI will remain
of its benchmark interest rates in November. BI vigilant to face external risks primarily of US
will expand the definition of deposit on Loan monetary policy actions.
to Deposit Ratio (LDR) for the calculation of

National Income Account

YoY 2014E 2013 2012 2011 2010
National Income Account
Real GDP %YoY 5,0 5,6 6,0 6,2 6,22
GDP - Nominal USD billion 888 911 919 892 710
GDP per Capita - USD 3.500 3.662 3.742 3.686 2.986
Nominal
External Sector
Exports USD billion 175,3 182,1 187,3 191,1 150,0
Imports USD billion 168,4 176,3 178,7 157,3 119,0
Trade Balance USD billion 6,9 5,8 8,7 33,8 31,0
International Reserves USD billion 111,9 99,4 112,8 110,1 96,2
IDR/USD end of period 12.440 12.189 9.670 9.068 8.991
Others
BI Policy Rate % end of 7,75 7,50 5,75 6,00 6,5
period
Consumer Prices % end of 8,36 8,08 3,65 3,78 6,96
Indices period
Jakarta Composite end of period 5.227 4.274 4.317 3.822 3.704
Index (JCI)
S&Ps Rating FCY BB+ BB+ BB+ BB+ BB-
DANAMON POSITION decline took place in every category of credits.

For most of 2014, Indonesian banking industry Working capital loan, which is the largest
continued to face the tightening financial category of credit, was down from 20.4% (yoy)
conditions which started in mid 2013 following growth in 2013, to 10.8% of growth in 2014.
the announcement of the US Federal Reserve Investment loan and consumption loan growth
for normalization of its monetary policy declined from 35% and 13.2% respectively in
that generated increasing volatility in global 2013, to 13.7% (yoy) and 11.5% (yoy) in 2014.
financial market, the rise of subsidized fuel
prices and the subsequent Bank Indonesia On the funding side, the relatively high interest
responses of raising its benchmark interest rates and strong competition in the banking
rates. Toward the end of 2014 however, BI industry has led to a slightly higher rate of
introduced several measures to ease the tight growth of Third Party Fund of 12.3% (est) in
liquidity among others, by providing incentives 2014, compared to the growth (yoy) in 2013
for SME loans and modify the definition of of 13.6%. The higher growth of TPF occured
deposits for a banks Loan to Deposit ratio to primarily in time deposits, which has seen
include securities issued by the bank. intense competition of its interest rates and led
OJK to issue a cap on the interest rates. The
Coupled with a sluggish growth of the current and savings account in the banking
economy, the results for the banking industry industry however, showed slower growth rates
was a slowdown in the expansion of credits. of 5.1% and 5.9% respectively in 2014 than the
The growth of credit in 2014 declined to (est) growth rates of 10.4% (yoy) and 12.6% (yoy) in
11.6%, from 21.6% of growth in 2013, and the 2013.

Despite the tight financial conditions in 2014, macroprudential policies of Bank Indonesia had
enabled the banking industry to maintain its health and stability, and perform its vital roles for the
economy. Capital Adequacy Ratio (CAR) of the industry had even improved to 19.6% from 18.4% in
previous year, and Non-Performing Loans was slightly up, but still maintained at around 2%.

Performance Of National Banking Industry
Comparison Unit YoY 2014 2013 2012 2011 2010
Assets Rp trillion 13.3% 5,615 4,954 4,263 3,653 3,009
Customers Deposits Rp trillion 12.3% 4,114 3,664 3,225 2,785 2,339
Loans Rp trillion 11.6% 3,674 3,293 2,708 2,200 1,766
Capital Rp trillion 20.3% 754 627 497 405 323
Operating Income Rp trillion 9.1% 144 132 115 89 48
Net Income Rp trillion 4.7% 112 107 93 75 57
Net Interest Margin % -0.66 4.23 4.89 5.49 5.91 5.73
Operating Expenses % -0.23 2.85 3.08 3.11 3.03 2.86
on Operating Income
Ratio
LDR Industry % -0.28 89.42 89.70 83.58 78.77 75.21
CAR Industry % 1.44 19.57 18.13 17.43 16.05 17.18
Danamon Financial Performance

Comparison Unit YoY 2014 2013 2012 2011 2010
Assets Rp trillion 6.2% 195.7 184.2 155,8 142,3 118,4
DPK Rp trillion 6.8% 118.3 110.8 91,7 88,1 81,0
Loans Rp trillion 2.7% 139.1 135.4 116,4 101,7 82,7
Capital Rp trillion 4.6% 33,0 31,6 28,7 25,7 18,5
Operating Income Rp trillion -27.5% 4.1 5.6 5,6 5,2 4,6
Net Income (reported) Rp trillion -35.6% 2.6 4.0 4,0 3,3 2,9
Net Income Rp trillion -14.6% 3.4 4.0 4,0 3,3 2,9
(normalized)
Net Interest Margin % -1.20 8,4 9,6 10.1 9.8 11.3
ROA* % -1.52 1,88 3,4 3.7 3.54 3.87
LDR % -2.50 92,6 95,1 100.7 98.3 93.8
CAR % 0 17,9 17,9 18.9 17.6 16.0
*) Before Tax

DANAMON Asset Growth BANKING INDUSTRY

During 2014, Danamon assets Assets of national banks experienced a
5.615
4.954
experienced a 6.2% growth. It is 4.263 13.3% increase, from Rp4,954 trillions
below the average of national bank 3.653 on December 2013 to Rp5,615 trillions
assets growth which is equivalent at the end of December 2014.
3.009
to Rp195.7 trillions in comparison to Industry
Rp184.2 trillions at the end of 2013. Danamon
Market share of these assets at the end 118,4 142,3 155,8 184.2 195.7
of 2014 is 3.49% which represents a 2010 2011 2012 2013 2014

decrease in comparison to the position
in 2013 which was 3.72%.
DANAMON Loan Growth BANKING INDUSTRY

Danamon Credit grows 2.7% or 3.293
3.674
National Banking credit experienced
equivalent to Rp139.1 trillions in 2.708
an 11.6% growth in comparison to
comparison to Rp135.4 trillions in 2,200 the position in 2013. Total credit of
2013. Danamon Credit market share 1,766 national banks in 2013 was Rp3,293
against the total credit industry is Industry
trillions whereas the position of 2014
3.8% which indicates a decrease in Danamon was Rp3,674 trillions.
comparison to its 4.1% position in 82,7 101,7 116,4 135.4 139.1
2013. 2010 2011 2012 2013 2014
DANAMON Pertumbuhan Dana Pihak Ketiga BANKING INDUSTRY

During 2014, Third Party Funds at 4.114
During 2014, Banking Industry
Danamon experienced a 6.8% growth 3.664 experience a 12.3% growth of Third
or equivalent to Rp118.3 trillions in 2.785
3.225
Party Fund or is equivalent with
comparison to Rp110.8 trillions in 2.339 Rp4.114 trillions. Meanwhile during
2013. Market share of these Third Industry
Danamon
2013, the Third Party Fund in Banking
Party Funds is equal to 2.9% at the Industry was Rp3,664 trillions.
end of 2014. This percentage reflects 81,0 88,1 91,7 110.8 118.3
a slight decrease which was in a range 2010 2011 2012 2013 2014
of 3% in 2013.
DANAMON Posisi LDR BANKING INDUSTRY

At the end of 2014, the credit position There is no significant changes in
against Danamons LDR was 92.6%, banking industries LDR, which was
100.7
which indicated a significant increase 93.80
98.3
95,10
92,60
89.7% in 2013 to 89.4% in 2014.
in comparison to 2013 which was at
95.1%. This is in line with LDR growth 83,58
89,70 89,42
and improved Danamon liquidity 75,21

78,77 Industry
management. Danamon
2010 2011 2012 2013 2014
DANAMON Posisi CAR BANKING INDUSTRY

Danamons CAR in 2014 remained at 19,57
During 2014, the CAR of banking
17.90%, which showed no changes 18.90
industry experienced a 19.57%
from the preceding year (2013). 18,13
increase in comparison to 18.13%
17,18 17,90 17,90 back in 2013. High level of bank
17.50 17,43
compliances toward the regulation
Industry
Danamon
have been able to maintain the
16.00 16,05
soundness level of the banks in which
2010 2011 2012 2013 2014
CAR was one crucial variable.
DANAMON Rentabilitas Aset (ROA) BANKING INDUSTRY

Danamons ROA during 2014 RoA of national banking decreased
3,87
decreased to 1.88% in comparison to 3,54
3.71 3,40
from 3.08% in 2013 to 2.85% at the
3.4% in 2013. The decrease among end of December 2014.
other is due to the changes in FSA
3,11 3,08
3,03
2,86 2,85
regulation in terms of accounting Industry
method toward revenues generated by Danamon
motor vehicle insurance commission. 1,88
2010 2011 2012 2013 2014

Business Segment Review
Throughout 2014, Danamon has embarked on various initiatives to improve

the Banks competitiveness and profitability with a focus on improving
productivity and services to all customer segments.

Business Segment Review
Line of Business and Customer Segmentation
Line of Business Customer Segmentation Line of Business
Treasury, Corporation, Financial

Capital Markets Institutions and Danamon
and Financial Commercial
Privilege Syariah
Institutions Banking
Affluent Segment
Adira
Composition Financial Insurance
Institution & Commercial
Danamon
Syariah
SME Small and Middle Income Consumer
Adira Banking Medium Banking
Insurance Business Adira
Finance
Micro-Small Adira
Danamon Entrepreneurs Danamon Kredit
Simpan Self Employed Simpan
Pinjam Mass Market Pinjam
Business Consumer

Micro Banking
Rio Ramadhani, Danamon Simpan Pinjam Customer since 2004

As businessman, the availability and the ease of securing DP200, a Danamon
Simpan Pinjam business financing program has helped my micro, small to
medium enterprise business. The financing terms are simple, instalments are
fixed and funding is secured and kept in Si Pinter account. My shop, Toko Maju is
at Pasar Mayestik provides various accessories, buttons, lace and other sewing
tools, is growing every day.

Danamon micro banking, is known as Danamon such as Kalimantan and Sumatra. This affected
Simpan Pinjam (DSP). DSP main targets are the value of the third party funds as well.
individual enterpreneurs of micro and small
business that generate annual gross sales 2014 BUSINESS INITIATIVES
below Rp2.5 billion. Throughout 2014, facing a moderating
economic growth and softening demand
As a business segment of Danamon, DSP for micro credits, DSP engaged in internal
has unique characteristics and is distinct from consolidation and focused on developing
other banking business in general. Focusing higher quality business for the coming year,
on customers in micro business activities, who through several initiatives;
are mainly located in traditional markets, DSP Reorganization and improvement of
services emphasizes on community based operational network for a more efficient
approach and offers unique value proposition operation.
of secure, quick, and convenient. Most of DSP Review for improvement of DSP sales
units are in the middle of community, hence model.
customers can easily access DSPs services. More automation through greater use of
information technology to develop better
DSPs transaction services are supported and more efficient services, and greater
by Danamons technology and network that control over business processes.
ensured its security. DSP also provides quick Improvement of staff competency.
services for customers with the commitment Development of new products.
to 3-day credit application processing after
receiving the complete documents. Among the improvements of operational
network is the optimization of DSP network
2014 FINANCIAL PERFORMANCE through consolidation of service units located
DSP provides lending and collects Third Party in close distance, thus improving network
Funds. At the end of 2014, DSP booked credit efficiency. Currently DSP offices and units
portfolio at Rp18.967 trillion and booked Third are found accross all parts of Indonesia in
Party Fund at Rp1.147 trillion. 34 provinces at 834 locations. Additionally,
a more efficient and effective scheme of
As the economy of Indonesia in 2014 was sales distribution is being implemented (Hub
confronted by serious challenges of declining & Spoke), while alternatives of distribution
commodity prices, weakening export scheme are being developed.
performance and tightening of banking
liquidity, the demand for micro credit in general For the improvement of the loan disbursement
was under a strong pressure. In 2014 DSP quality process DSP sales model, sales section
lending portfolio declined, particularly in the and loan approval section in loan processing
regions where primary commodities production are now separated. This policy is expected to
contributes a significant part of the economy, strengthen the independency of loan applicant

Micro Banking
assessment and speed up the process. While

incentives for loan customers loyalty and
punctuality of repayment is being considered
In process automation, Credit Processing

Application is being implemented in all regions,
in order to gain greater integration and more
control over the process. The application will
be developed as mobile apps, to improve the
service, and provide a supervisor a greater
control over sales activities of a sales person.
In 2014, DSP introduced several new products,

among them are; Tabungan Danamon Lebih
and Tabungan Cita-citaku to support the growth
of third party funds in the micro segment, fill
the need of micro customers for transactional
banking and products suitable for customers
long-term savings plans.
The development of human resource

competency and leadership is an on going
activity, intensively conducted either through
formal or informal training programs. In line
with DSPs characteristic, which is to grow
alongside the communities, DSPs marketing
strategies are intended to develop close rapport
between target market and DSP, through DSPs
staff, namely emotional bonding. Consequently,
the achievements of DSP is inseparable from
the quality and competency of its human
resources.

Consumer Banking
Grace Christianti, Danamon Customer since 2008

Since being Danamon FlexiMAX customer, managing finances of CH Handicraft,
a women accessories shop becomes simple and beneficial for me. With free
administrative fees and cash withdrawals abroad, purchases of sourcing material
is easier. Danamon solution for transacting has enabled me to own and manage 3
accessories shops at Mangga Dua Trading Center.

Consumer Banking
One of Danamons business units, Consumer in 2013 to Rp35 trillion in 2014. As a result, the
Banking is a key pillar in collecting third party share of CASA at the end of 2014 was 51.5%,
funds, which provides stability to Danamons which represents a sound achievement and in
funding. In its business operation, Consumer accord with the management plan.
Banking provides banking service for retail
customers either individual or non-individual Third Party Funds (Rp trillion)
customers from various segments (mass, 2014 2013
middle, and affluent). Though providing Current Accounts 3.9 3.5
services to the entire segments, the main target
Savings 31.2 28.2
of Danamon Consumer Banking is the affluent
Deposito 32.4 29.8
and self employed.
TOTAL 67.5 61.5
The wide scope of customer segments requires Consumer Banking recorded an increased
Danamon Consumer Banking to not only offers in newly acquired customers for third party
complete variant of products but also innovative funding from 1.33 million in 2013 to 1.39 milion
products. Danamon Consumer Banking strives customers in 2014.
to meet all kinds of customers needs through
services and products from savings to deposits. 2014 DPK Business Initiatives
Credit card, Personal Loans, Mortgage Loans Danamon Consumer Banking marketing
and other variants of loans. In cooperation strategy toward existing and potential individual
with insurance companies as well as asset customers includes creatively and innovatively
management companies, Danamon Consumer designed advertisements for Danamon
Banking also provides bancassurance and products, placed on the branches, above the
investment products. line media or digital media.
I. THIRD PARTY FUND (TPF) Consumer Banking covers also community-

based marketing approach throughout
2014 TPF Performance Indonesia, through routine activities and events
In 2014, through hard work and constant effort including community marketing activities
to improve customer service, at the time when at branches and other events to increase
Indonesian economy was confronted with customer awareness such as Summarecon
many challenges, such as slackening pace Run Bekasi, Run for Children and Manchester
of growth, high inflation and tight liquidity, United community screening Im United.
Consumer Banking was able to show positive
results. Third Party Fund recorded 9.8%
increase of funding, from Rp61.5 trillion in 2013
to Rp67.5 trillion in 2014. Among TPF funds, the
inexpensive CASA (Current Account Savings
Account) components recorded a growth figure
higher than the average CASA growth of the
industry, at 10.8% increase from Rp31.7 trillion

In 2014, Danamon service strategy was more either Branches/LOB or Danamon Access
focused on improving service to provide easy Center (DAC). Moreover, the attainment of
access to customers in banking transactions. Service Level Agreement (SLA) from each
Danamon has a complete range of digital complaint is known, and the monthly report
transactions services including ATM, Internet of customer complaints is produced.
Banking and SMS Banking. To enhance banking
transactions services, in 2014 Consumer Paperless Account Opening; for existing
Banking launched D-Mobile, a mobile customers. For improving Customer
banking application and E-Commerce, an Experience, Danamon implemented
online transaction feature. Paperless Account Opening. This process
is very convenient and saves the customer
D-Mobile is a banking application available from the hassle of filling opening account
in several smartphone platforms, this feature application form.
enables customers to do banking transactions
such as: In 2014, Consumer Banking launched several
Balance inquiry bankassurance products in partnership with a
Transfer number of insurance companies including;
Payment PT Asuransi Manulife (Proteksi Prima
Purchase Rencana Optima, Proteksi Prima Ultima,
Proteksi Prima Medika)
D-Mobile has also unique features compared PT Adira Insurance (Asuransi Travelin)
to other similar applications for example: ACE (Crime Guard Plus)
SosMed D-Cash, feature that enables

user to transfer funds to Facebook friends
without knowing the account number. The
funds can be obtained in Danamons ATM
marked DCash, with no need of ATM card.
Augmented Reality, feature that provides
information on the nearest locations of
Danamon branches/units, ATMs, and
Danamon merchant partners with special
offers
Personalization, a feature that can change
photo profiles in the application to make it
more attractive
Several initiatives which are being implemented

or have been initiated in 2014 are as follows:
Centralized Customer Complaint: for

improving the quality of customer service, a
web-based system, DConnect application/
system, has been implemented to record
and monitor settlement over all customer
complaints which are received through

Consumer Banking
The products cover health insurance, travel to 55 years. At the end of 2014, Danamon KTA
insurance and protection against crime loss. credit limit was Rp300 million.
II. MORTGAGES (KPR) & PERSONAL 2014 KPR & KTA Business Performances
LOANS (KTA)
Mortgage (KPR)
Kredit Pemilikan Rumah (KPR) is Mortgage, YoY 2014 2013
offered by Danamon Consumer Banking in Outstanding (Rp miliar) 2.6% 3,715 3,622
several kinds of mortgage loans. In addition to
NPL (%) (10 bps) 1.1 1.0
house ownership loan, Danamon KPR is also
offered as apartment ownership loan (Kredit
Pemilikan Apartemen - KPA), loan for Ready Multi-Purpose Loan
(KTA)
to Build Lot (Kavling Siap Bangun - KSB),
YoY 2014 2013
Renovation & House Construction loan (Kredit
Outstanding (Rp miliar) 41% 1,856 1,316
Perbaikan & Pembangunan Rumah - KPPR),
and Multi Purpose loan (Kredit Multi Guna). NPL (%) (140 bps) 3.4 2.0
Presently, Danamon KPR is offered with flexible
term of up to 20 years, and variable credit KPR outstanding loan in 2014 increased by 2.6%
limits between Rp100 million to Rp15 billion, from 3.62 trillion at the end of 2013, to Rp3.71
adjustable according to the need and financial trillion at the end of 2014. Corresponding with
capacity of the customer. the slowing-down of economic growth, rising
interest rates and price level, the increase of
Danamon Personal/Unsecured Loan (Kredit KPR loan in 2014 showed moderation, along
Tanpa Agunan KTA) is also referred to as Dana with the moderation of growth of property
Instant. It is offered by Danamon Consumer sector. This level of growth was achieved while
Banking to individual customer who already maintaining asset quality, as shown by Non-
has Credit or Mortgage facilities from any Performing Loan (NPL) ratio that rose only
bank in Indonesia, and satisfies certain other 10bps, from 1.0% in 2013 to 1.1% in 2014.
conditions, such as having a monthly income
of more than Rp2 million and age between 20

Personal Loan (KTA) figures showed a efforts to expand KTAs market, by expanding
substantial increase of 41%, to reach Rp1.8 the geographical areas of marketing and adding
trillion at the end of 2014. Nevertheless, KTA sales channel through Danamon network
KTA was confronted with the challenge of such as, e-channel, ATM and vast network of
maintaining the quality of its portfolio, since its branches and business units.
NPL ratio rose significantly as well, from 2.0%
at the end of 2013 to 3.4% at end of 2014. III. CREDIT CARDS
2014 KPR & KTA Business Initiatives Danamon credit card business has its target on
Initiatives of KPR marketing strategy was individuals and corporates in the middle and
implemented through increasing and affluent market segments. These markets are
strengthening partnerships with reputable selected in accordance with Bank Indonesia
developers and brokers in well-liked residential 2012 regulation on Card-Based Payment
areas. As a long-term credits, mortgage Instruments requiring the card holder to have
consumers generally select the loan on the a minimum income of Rp3 million/month.
rational basis of cost of credit. Thus aside from Moreover, it is estimated that the middle class
offering convenient services and transactions market in Indonesia is very large (estimated
as in KPR Lebih product, KPR initiatives were at 85 million person in 2015) and continues to
more focused on keeping Danamon KPR grow.
products at competitive cost of credit.
Marketing strategies for Danamon Personal

Loan continues to be developed and
implemented, as a bank that offered complete
range of financial solutions for all customers
needs. In 2014, Danamon pursued various

Consumer Banking
Business Performance For enhancing frequency and value of credit

Danamon credit card business continued to card usages, Danamon credit card offers
show positive growth, albeit in slower pace insentive for customer loyalty, through Program
than previous years growth. The number of 10x. The program offers cardholders to
cards in circulation rose by 13.7% from more accumulate points 10x faster, to be exchanged
than 702 thousand at the end of 2013, to 798 with a variety of rewards and gifts. Danamon
thousand at the end of 2014. At the same time, credit card continues to add the number of
the asset value of net receivable grew from merchants who provide special offers for
Rp1.8 trillion at the end of 2013 to Rp2 trillion Danamon credit cardholder.
at end of 2014, an increase of 11% alongside a
relatively unchanged NPL ratio. The business performance of Danamon credit
cards will continue to be improved for acquiring
Table for Credit Card Performance new customers and increasing their loyalty.
YoY 2014 2013 This is performed through excellent service
End Net 11% 2,044 1,840
and leveraging Danamon vast network, its
Receivables (ENR) good reputation as well as the wide range of its
(billion Rp) products enabling strong and positive synergy.
NPL (90 days+) 10bps 1.3% 1.3%
Transaction 5.9% 10.8% 10.2%
volume (billion Rp)
Total Card Issued 13.7% 798,386 702,488
Business Intiatives
Activities to gain new cardholder in 2014
were conducted along the line of the program
initiated in 2013, which is marketing through
branch sales, and telemarketing. In 2014, a
new strategy for new account acquisition was
conducted through promotions toward existing
customers of several Danamon business
lines, including banking customers, payroll
services customers, and Danamon employees
themselves.

Small & Medium Enterprise (SME) Banking
Budi Permana, General Manager Operations, Bakmi GM

SME Danamon Customer since 2004
With business developing at a faster pace, Bakmi GM with its 31 stores requires
an effective financial management, efficient and trusted. Because of Danamon
Cash Pick Up service, cash generated from all Bakmi GM stores in Jakarta,
Depok, Tangerang, Bekasi can be deposited safely and timely in our current
account.

Small & Medium Enterprise (SME) Banking
Statistical figures show the number of small And continuing the successful initiatives
and medium firms in Indonesia is very large, of previous years, Danamon SME Banking
around 56 million firms. Nevertheless, only a implemented a special strategy of using the
small partnot more than 20%- who already opportunity afforded by Financial Supply Chain
have employed banking services to support (FSC) business potential, which was developed
business activities. These figures show through synergy with other Danamon business
the magnitude of challenges, as well as units. FSC adapts cash management solutions
opportunities, confronted by the Indonesian to the need of transactions between Wholesale
banking industry. Banking and SME Banking customers, in a
comprehensive manner. This strategy gives
Danamon SME Banking was established SME Banking the opportunity for serving the
to provide a full range of banking services need of FSC of Wholesale Banking customers.
accompanied by various facilities and
conveniences for this market segment. Through this program (FSC), the number of
Customer addressed by SME Banking services SME customers (generally are retailers) who
are businesses with annual turnover between are referenced by Anchors, who are Danamon
Rp2.5 billion Rp50 billion. Wholesale customers, increased from 153
retailers in 2013 to 222 customers in 2014. The
2014 BUSINESS PERFORMANCE number of Anchors participated in the FSC
At the end of 2014, outstanding loan at business program had also increased from 20
Danamon SME Banking reached Rp22,448 anchors in 2013 to 28 anchors in 2014.
billion, representing an increase of 7% from
the figure at the end of 2013. Considering the A similar strategy was jointly implemented with
tight liquidity and declining economic growth, Danamons business line of micro banking
the growth of SME loan portolio is satisfactory, (DSP), by optimizing services at DSP branch
inline with the market growth, and achieved offices. The result of this strategy is a significant
with considerable attention to the risk profile. increase in accessibility of SME services,
The credit growth came with NPL ratio at 2.5%, which can be accessed now in more than 1000
and the number of SME debitor at 10,148 locations throughout Indonesia.
customers. At the funding side, the balance
of Third Party Fund at the end of 2014 was Another initiative driving the growth of SME
Rp12,617 billions. Banking is the launch of EDC Mobile for
supporting collection process. Using this
2014 BUSINESS INITIATIVES service, a customer can make a deposit or loan
Throughout 2014, Danamon expanded the payment through EDC equipment carried by
service network selling SME products. And Danamon field team. In 2014, SME Banking
implanted units for selling SME products cooperated with PT Kereta Api Indonesia
were established at 13 Danamon branches, in (Indonesia Rail Train PT KAI) to simplify
addition to the existing ones. transactions, using Danamon EDC services.

For human resource development, Danamon

SME routinely conducts trainings for employees
in formal and informal sessions. The number of
employees who received some form of training
in 2014 was 1,423 employees, and the total
amount of trainings was 8,418 man-days.
2015 PROSPECTS & PLAN

Danamon had targeted the growth of SMEs
loan portfolio in line with decline of SMEs
market. In addition to the existing strategy, the
credit growth in 2015 will be achieved through
formulation of customized programs for some
particular industries, such as consumer goods,
building materials, electronics, and others.
SME products sales will be expanded by the
method of commodity based marketing, and
promotions of trade finance products offerings
for SME Banking customers.
For loan processing, the loan application and

approval processes will be improved, simplified
and computerized, for faster processing
and ease of monitoring. SME synergy with
other Danamon business lines, including its
subsidiaries, will be enhanced.

Syariah Banking (Islamic Banking)
Through business transformation and optimization of

Syariah Products cross-selling with products of other
business units, Syariah Banking now more focused and
efficient in achieving sustainable growth.

Danamon Syariah serves as an alternative banking and has shown its persistence amidst competition
coming from both conventional and syariah banking, Danamon Syariah is supported by a bank that
is fully committed to the countrys economic development. Danamon Syariah concluded its twelve-
year journey (established in 2002).
2014 BUSINESS PERFORMANCE
Financing & Funding Growth (Rp billion)

YoY 2014 2013 2012 2011 2010
Financing 32% 2,486 1,884 1,545 998 683
Funding 70% 2,477 1,456 1,335 926 838
In its twelfth year, Danamon Syariah continues 2014 BUSINESS INITIATIVES

to show its commitment to the development In 2014 Danamon Syariah focused on the
of Syariah Banking by consistently growing in linkage financing model with Islamic Rural
financing more than 20% annually in the last 5 Banks (Bank Perkreditan Rakyat Syariah) and
years. And throughout 2014, Danamon keep its employee cooperative entities segments,
pace of progress by increasing its financing by which by the end of the year, the business grew
32% to Rp 2.5 trillion, while managing the risk 71% from end of 2013, to Rp1.8 trillion.
within an acceptable level in NPF ratio 1.6%.
As for funding, Danamon put its focus on
On the funding side, Danamon Syariah also growing the Cash Management service,
displayed a remarkable growth of Third Party especially for the payment of electricity bills for
Funding. In 2014 Danamon Syariah Third Party business companies. The success of this effort
Fund rose significantly 70% to Rp2.5 trillion, is reflected in significant increase in funding
whereas CASA ratio was 31%. from current accounts that rose 52% to Rp423
billion by end of 2014.

Syariah Banking (Islamic Banking)
In 2014, Danamon Syariah initiated the In 2014 Danamon Syariah undertook a

following new products and services: business transformation, aiming for a more
Asset Based Financing Ijarah Muntahiyah efficient and more focused business to attain
Bitamlik (ABF-IMBT), a financing product for higher business growth in the future. Danamon
the purchase of heavy equipment, secured Syariah engagement in the transformation is
by the financed equipment. through consolidating its network of offices
Tabungan Rencana Qurban (Qurban and branches, and optimizing cross-sell of
Planned Saving), a term deposit for helping Syariah funding and financing products with
customers to be financially prepared for other Danamon business lines. Danamon
Qurban obligation. office network was consolidated to become 52
branch and 145 channeling offices at the end
These products were launched with the of 2014.
expectation that they will be a part of major
contributors of financing and funding growth in Going forward, Danamon Syariah will focus
the future. to develop small, medium and wholesale
segments portfolio through trade finance, cash
Danamon Syariah continuously offers trade management, electronic banking and asset
finance, cash management and electronic based financing, improve operational efficiency,
banking services, also Asset Based Financing enhance sales process, and increase the
(ABF) which will be develop in the future, quality and productivity of its human resources.
commitment of Danamon Syariah to always
provide improved services.
In its business operations, Danamon Syariah

maintains its long term vision of becoming the
best Syariah Bank in Indonesia. To realize the
vision, Danamon Syariah is consistent in its
business intensification, such as optimizing
office network expanding customer base,
improving performance, and integrating syariah
products in its entire Syariah office network.

Wholesale Banking
Wholesale Banking serves customers in 33 sectors,

from trade, services to manufacturing in 15 cities all
over Indonesia with a diversified portfolio which shows
good risk management practices.

Wholesale Banking is the outcome of a Danamon Wholesale Banking business is

reorganization strategy, combining commercial widely spread out. Previously dominated by
and corporate banking into a single line of customers in Jakarta, Wholesale Banking
busines that was carried out in 2012. Wholesale has now witnessed significant growth in
Banking offers banking services for commercial regions such as Sumatera, West Java, Central
and corporate customers. For Wholesale Java and East Java and parts in Sulawesi
Banking, commercial segment consists of and Kalimantan. Wholesale Banking serves
business units with annual revenue between customers in 33 sectors, from trade, services
Rp40-500 billion, while corporate segment to manufacturing in 15 cities all over Indonesia
comprises business entities that generate with a diversified portfolio which shows good
annual revenue more than Rp500 billion. risk management practices.
For serving the needs of both segments, in Throughout 2014, a series of initiatives
addition to having sophisticated services and business strategies were conducted,
supported continuing successful strategies and initiative
by the latest tehcnology, Wholesale Banking implemented in the previous years. Among
offers products that address the complex them;
needs of the customers. Through improvement of the quality
of customer relationships, Danamon
In average, Wholesale loans grew by 15% succeeded in implementing a special
in 2014. This growth was accompanied by strategy that has been initiated in 2012,
improvement of asset quality, which is reflected Financial Supply Chain Strategy. The
by the low ratio of Non-Performing Loans strategy is an effort by Danamon to use
(NPL). By the end of 2014, NPL of Corporate the opportunity presented by existing
and Commercial segments were 1% and 0.7%, customers, to provide more service to their
respectively. business units. For example, providing
services to distributors associated with a
On the funding side, Wholesale Banking corporate customer. Basically, Financial
booked total funding at the end of 2014 at Value Chain is a one stop service, offering
Rp28.7 trillion, an increase of 5% from 2013. greater value added from all Danamon
Furthermore, despite the adverse effects services to an existing customer.
of the export ban on unprocessed mineral
commodities, trade finance product managed
to record a growth of 12% to Rp10.9 trillion in
2014.

Development of Trade Financing Products. PRODUCTS

This strategy will be implemented in 2015 Trade finance products, particularly off-balance
by adding trade financing products, to sheet transactions are still the leading products
support the growth of fee based income. for wholesale banking to earn more fee based
income for the Bank. Furthermore, the intens
Furthermore, Wholesale Banking continues marketing of cash management products,
to improve the synergy with other Danamon financial supply chain products and the close
business lines, such as Retail/Consumer, cooperation between wholesale banking, SME
Micro and SME, and using such opportunity banking and DSP will strengthen the appeal of
for expanding its customer base. This strategy Danamon.
is also employed by other business lines for
improving their performances. HUMAN RESOURCE
Maintaining the professionalism and
Competition in wholesale segment is competency of human resources through
expected to become more intense in 2015, strengthening the capacity dan awareness
especially competition of loan interest rates. In of every business units leader and staff to
anticipation, Wholesale Banking has prepared perform:
the following strategies: Utilization of measurement system on
performance and productivity of team
CUSTOMERS members.
Continue to focus on the growth of third party Intensive observation on the follow-up on
funds, particularly the growth of Deposit, to each business potential, and
match the growth of credits. Measurement on the overall profitability.
Focusing the growth of credits to industries

that are inclined to grow and in accordance
with the Banks policies on target markets. The
growth will be sought from potential borrowers
who already have positive track records.

Treasury & Capital Markets and Financial

Institutions (TCM and FI)
Treasury & Capital Markets and Financial Institutions

always maintain the Banks liquidity position as a
whole, as well as providing excellent banking services
to wholesale and retail customers.

Treasury and Capital Market (TCM) Division is 2014 BUSINESS ACTIVITIES

responsible for maintaining the overall liquidity To meet the Loan to Deposit Ratio set by Bank
of Danamon Bank. The role of TCM is to ensure Indonesia, Treasury initiated deposit from
liquidity is available at any given time to support offshore as a source of third party funds to
the Banks business growth. In addition, TCM be accounted in the calculation of LDR ratio.
also manage interest rate risks of the Banks TCM succeeded in acquiring 450 millions USD
balance sheet. offshore deposits in 2014.
Financial Institution (FI) provides banking On a need basis, TCM participates in the Bank
services to banks, financial securities Indonesia swap auctions to convert Danamons
companies, investment managers, pension USD excess liquidity into Rupiah. By the end
funds, insurance companies, NGO and other of 2014, TCM managed Rp6.6 trillion and USD
non-bank institutions. 640 million of funds in liquid assets.
Credit extension, Cash management, trade
and custodian services, as well as treasury A new ALM system was implemented in 2014.
products are offered by Financial Institution With the new system, TCM is able to analyze
and play important roles in Danamons funding. the banks balance sheet more efficiently and
accurately. This enables TCM to maximize the
In addition to their primary functions, TCM balance sheet. The Implementation of the new
& FI also offers various treasury products for ALM system is broken into three phases, and
corporate and individual customers, while scheduled to be fully completed by the first
taking advantage of market opportunities semester of 2015.
through prudent trading activities.
In 2015, TCM plan to issue NCD and MTN
As a product partner, TCM also offers a wide as an alternative source of funding for the
range of treasury products and services Bank. The issuance will be determined by
through the Banks line of businesses in serving Bank Indonesias plan to recognize financial
customers needs against foreign exchange or securities issued as a deposit component for
Interest Rate risk (such as FX Spot & Forward, Banks LDR calculation. In addition to NCD and
Cross Currency Swaps, and Interest Rate MTN, TCM also plan to issue Danamon bonds.
Swaps).
FI will keep abreast of market situation and
TCM also actively participated in the continue to implement new initiatives as new
Government and Corporate bond opportunities arise. In 2015, FI will leveraged
through primary and secondary market. relationships with international and/or other
nonprofit organizations in offering banking
To complement the TCM Sales team, the TCM services such as cash management, trade
Trading team deals in the interbank markets, finance and treasury products. These activities
thus securing the most competitive prices for will generate additional fee based income.
Danamon customers. Cross-selling initiative is also a priority for FI to
maximize the benefits from greater utilization
of Bank Danamons operational capacity and
product existence.
Going into 2015, TCM & FI will continue to

maintain prudent management of liquidity to
support the Banks growth.

Transaction Banking
(Trade Finance & Cash Management)
To accomodate increased transaction volume,

Danamon continues to improve its service quality,
features, speed and development.

2014 BUSINESS PERFORMANCE 2014 BUSINESS INITIATIVES

Notwithstanding a declining trend of Indonesian As the leading Trade Finance Bank in
export performance in 2014, Trade Finance Indonesia, Danamon continuously improves its
services still recorded an increase in asset service quality, from product features, service
value to Rp11 trillion, alongside 16% growth level (Service Level Agreement - SLA), to the
of Trade Finance income from Rp358 billion in development of services. Currently Danamon is
2013 to Rp413 billion. Open Account Financing implementing the latest Trade Finance system,
remained the most performing product in 2014, to accommodate a transaction volume that
along with the growing fee based income from continues to increase from year to year, and to
other Trade Finance transactions. improve customer satisfaction.
Meanwhile, on the Cash Management Danamon Cash Management is strongly

services, Danamon was able to book 20% committed and strives to provide the best
increase in transactions volume from Rp16.9 service to the customers. Accordingly, Cash
trillion in 2013, to Rp20.2 trillion in 2014. This Management continues to launch and offer
performance added Rp769 billion to Danamon better products that fit well with costumers
income from Net Interest Income (NII) and fee needs. Among them are Mobile EDC Collection
based income, or an increase of 18%, from the that is provided especially for the customers
2013 value at Rp651 billions. with a need of highly mobile collection process,
and improvement of eTax module at cash@
work that supports Second Generation MPN
Technology.
For strengthening the growth of Third Party

Fund, Danamon Transaction Banking also
launches programmes designed according
to the characteristics of customers business
or industrial sector and provides product-
bundling solutions through synergy with other
banking Products.

Subsidiaries Business Review
ORGANIZATION STRUCTURE OF ADIRA FINANCE
Board of
Commissioners
President Risk
Audit
Director Management
Committee
Committee
Internal Audit Vice President Head of

Unit Director Corporate Communication
Syariah Board
Supervisory
Deputy Director - Compliance Director

Marketing and Distribution Director Risk Management Director Financial Director Information and Technology Director HRDGA, CREM & PDCA Director
Head of Operations and Corporate Secretary
Head of Business Head of Quality & Head of Risk Management Head of Financial Head of Corporate Secretary Head of IT Services & Head of Corporate Real
Development Securities Assurance Information System & Analytics Planning & Project & Investor Relation Operation Estate Management
Head of Community & Head of Operations & Head of Head of Finance and Head of IT Solution & Head of Plan Do Chark
Head of Legal & Complience
Communication Service Quality Operational Risk Management Funding Development Action
Head of Customer Deputy Director - Head of Credit Head of Accounting Head of Process Head of
Head of Region
Retention Management & Collection & Tax Improvement HR Development
Head of Chanelling Head of HRDGA

Management Operation
Deputy Director - Head of Deputy Director - Head of Deputy Director - Head of Deputy Director - Head of Head of Syariah Head of Fleet Marketing Head of Marketing
Motorcycle Financing 1 Motorcycle Financing 2 Motorcycle Financing 3 Retail Car Financing Yanwar Arifin Agus Hamid Arief Development

Adira Finance
Market share of Four-Wheel continues to
increase from quarter to quarter reaching
6.5% at year end, while Two-Wheels
increased 13%
PT Adira Dinamika Multi Finance Tbk (known appliances. Adira Kredit aims mass-market
as Adira Finance) is a subsidiary of Danamon segment, with more than 100 million potential
with operations in automotive financing, customers to grab. Supported by almost 8,500
car and motorcycle, and one of the biggest associated merchants across Indonesia, Adira
financing companies in Indonesia. Danamon Kredit leads the consumer financing industry.
has 95% share ownership over Adira Finance. In 2014 Danamon ownership of Adira Kredit
In 2014 Adira Finance employed around 26 was 99%.
thousand persons and served about 3.5 million
customers through 645 business offices and It is part of Danamon strategic plan, that a
service outlets. broad synergy between Adira Finance and
Adira Kredit will be formed in 2015 where the
And PT Adira Quantum Multifinance (known financing of consumer good will be offered
as Adira Kredit) in 2014 was a subsidiary by Adira Finance. Benefits of the synergy is
company of Danamon which provides financing expected to come from the wide network and
for consumer products such as electronics, the experience of Adira Finance in providing
computer, furniture, and other household one-stop-solution services for its customers.

BUSINESS PERFORMANCE
In 2014, Adira Finance booked Rp49.6 trillion of financing receivables, which was 3% increase from
Rp48.3 trillion in 2013.
Adira Finance Performance

YoY 2014 2013 2012 2011 2010
Financing (Rp Billion) 3% 49,6 48,3 45,8 41,5 30,7
Non-Performing Loan (NPL) (%) 0,2 1,5 1,3 1,4 1,3 1,2
Market Share Motorcycle (%) 0 12,6 12,6 15,7 15,8 15,7
Market Share Car (%) (0,1) 5,3 5,4 5,7 6,6 5,2
The performance of Adira Finance in 2014 can be regarded as stable, which was also the case for
its market share that remained at 12.6% for motorcycle financing and 5.3% for car. These figures
reflected a stagnation in the automotive market in Indonesia at 2014, which was produced by
increasing subsidized fuel price, relatively high level of interest rates, and volatility in the rupiah
exchange rate. The sales of car in Indonesia in 2014 did now show any increase from the previous
year, as for motor cycle sales, the increase was slight at 2%.
Rising interest rates and weakening economic growth also means that banking and financial industry
has to pay greater attention to loan quality. In this issue, non-performing loan ratio of Adira Finance
in 2014 rose slightly to 1.5% from 1.3% in 2013.
2014 BUSINESS INITIATIVES

Other than the pressure from unfavourable macroeconomic conditions, in 2014 Adira Finance
and financial service industry also confronted other challenges, such as, rising competition in the
industry, continuously increasing Regional Minimum Salary which puts more pressure on operating
cost and industrys margin, and other adjustments required to ensure compliance to the newly
applicable regulations.
For confronting such challenges, and as a financial service company, the strategies that were
implemented by Adira Finance can be outlined as follows;
- In funding aspect; seeking a funding with the most optimum cost
- In operational aspect, improve efficiency and effectivity from the network and operation
- In marketing aspect; performing various marketing initiatives to improve services to the customers
(customer relationships).

Funding Customer Relationship

Around 40% of the value of asset portfolio Adira Finance conducted brand strengthening
managed by Adira Finance was funded by joint to increase brand awareness in the society
financing with Danamon. While the rest came with the tagline of Sahabat Setia Selamanya
from equity, bank loans and bonds. In 2014, (A Friend To Go To). Additionally, community
Adira Finance issued Rp3 trillion bonds with approaches are utilized by formation or
fixed return, and Syariah/sukuk bonds valued organizing of Adira Clubs.
at Rp133 billion. And in 2014, the credit ratings
of Adira Finance was upgraded to idAAA (PT As a subsidiary who make significant
Pefindo), reflecting the improved credit ratings contribution for Danamon, Adira Finance is
of the parent company, Danamon Bank, and committed to widen its synergy both with the
helping the market absorption of its financial parent company and with other Danamon
securities. In 2015, Adira Finance will continue subsidiary, such as Adira Insurance. With the
a similar funding initiatives with 2014 intiatives, parent company, a cross-selling program was
which is diversifying its source of funding in established, whereby a bank account for a
order to optimize its cost of funds. dealer-partner of Adira Finance is opened at
Danamon Bank.
Operational Aspect
in 2014 Adira Finance Whereas with other Danamon subsidiaries, the
continued the improvement of its synergy was strengthened though integrated
information technology, among them; and centralized operations, and cross-sellings
activities.
a) Development of Mobile Marketing &
Surveyor (MS2); an application for the
handset, to be used by marketing and
credit employees in the field to speed up
the transfer process of financing application
information, and
b) Mobile Collection System (MCS); an
application for the handset, to speed up
system data updating on the basis of
payment and data collected by visiting
employees.

ORGANIZATION STRUCTURE OF ADIRA INSURANCE
Board of Commissioner
Chief Executive
Officer
Internal Audit Technical Advisor

Div
SMEC &
Retail Operation Technical Enterprise Risk
Corporate Finance Support
Business Director Director Management
Business Director Director
Director Director
Director
Retail Biz Div. Retail Opr HRD & GA

Syariah Div. Broker Biz Div. Retail Uwr & Finance &
(Group) Policy & Billing Div.
Claim Div. Accounting Div.
Div.
Process
Retail Biz Div. SMEC &
Retail Opr Management
(Non Group) Corporate Div. Non Retail Uwr Corp. Strategic
Service & Claim Div.
& Reins Div. Planning Div.
Div.
Information
West Regional Regional
Health Div. Claim Non Technology
Marketing Div. Business Div Investment
Retail & Reins Div.
Div.
Opr Div.
Biz Support East Regional Catch

Div. Marketing Div. Div.

Adira Insurance
Gross Premium Income and active
insurance policy which grew strongly
(respectively increased by 20% and 17%).
PT Asuransi Adira Dinamika (known as Adira BUSINESS INITIATIVES

Insurance), established in 2002, is a subsidiary In 2014, Adira Insurance launched the latest
of Danamon with operations in general services for its customers; Autocillin Mobile
insurance. Danamon owns 90% shares of Claim Application and Medicillin Mobile
Adira Insurance. Application, through which a customer can
present a claim, and obtain information about
In implementing its business, Adira Insurance Adira Insurance products. To date, Adira
offers two categories of general insurance Insurance has established partnerships with
motor vehicle and non-motor vehicle insurance 1,080 hospitals as care providers for Medicillin
Two of our leading products on the market health insurance, and managed around 157,797
are motor vehicle insurances; Autocillin for members.
car insurances and Motopro for motorcycle
insurances. During 2014, Adira Insurance improved
brand equity, service culture, and system
In addition to motor vehicle insurances, Adira improvement toward supporting e-commerce.
Insurance offers health insurance, travel
insurance, personal accident insurance, 2015 PROSPECTS
property insurance, heavy equipment There wiill be challenges and opportunities
insurance, marine hull insurance, engineering in 2015. Among the opprtunities are low
insurance, surety bonds insurance, marine penetration rate for insurance products in
cargo insurance, liability insurance, and various Indonesia, rising societys awareness about
other insurance products. insurance, greater utilization of mobile
technology, and strong economic growth.
In 2014, Adira Insurance launched several new
products, namely health insurance Medicilin, While the challenges are the need for improving
travel insurance Travellin, gadget and cellphone productivity and efficiency, the changes in
insurance, and other new products. regulation, the changes in insurance business
model and portfolio mix, and maximizing
2014 BUSINESS PERFORMANCE investment returns.
For motor vehicle insurances, the gross
premium between 2013 to 2014 rose around The outline of 2015 strategy is continuation of
5%. As for non-motor vehicle insurances, their product development, expansion of distribution
gross premium increased 45% from 2013 to channel and infrastructure for supporting retail
2014. The largest increase in gross premium product sales.
of non-motor vehicle insurances came from
health insurance, in total Gross Written
Premium (GWP), Adira Insurance recorded an
increase of 20% to Rp2.15 trillion (including
syariah insurance) in 2014.

ORGANIZATION STRUCTURE OF ADIRA KREDIT
Board of Commissioner
President Director
Head of Internal Audit
Director
Head of Sales & Head of Risk Head of Product Head of Human Head of Legal &
Head of Operation Head of Finance
Distribution Management & Marketing Resources Compliance

Adira Kredit
Adira Kredit supported by over 200 outlets
and 8,000 partner shops throughout
Indonesia has generated new financing in
the amount of Rp2.4 trilion in 2014.
PT Adira Quantum Multifinance (known The financing of electronic equipments held the
as Adira Kredit) is a subsidiary company largest share of both of sales and loan portfolio
of Danamon which provides financing for at 36%, followed by computer 33%, furnitures
consumer products such as electronics, 22%, and cellphones and others 9%.
computer, furniture, and other household
appliances. Danamon ownership of Adira Through rigorous customer selection process,
Kredit was 99%. Adira was able to maintain its ratio of non
performing loans at the end of 2014 at 4.5%.
Adira Kredit aims middle and mass-market
segment, with more than 100 million potential Consistent efforts by the company to provide
customers to grab. Supported by 205 outlets the best financing services and the strong
and almost 8,000 associated merchants across image of the companys brand has produced
Indonesia, Adira Kredit was one of consumer outstanding outcomes, as shown by various
financing industry leaders in 2014. prestigious awards and recognitions awarded
to Adira Kredit, such as Indonesia Customer
At the end of 2014, Adira Kredit booked its Satisfaction Award, Word of Mouth Marketing
outstanding loan at Rp1.4 trillions. The new Award, Corporate Image Award, and Top Brand
financing was recorded at Rp2.4 trillions, Award.
consisting of around 700 thousand accounts.

Marketing Strategy
The improvement of Danamons performance is In carrying out its business of banking and
visible in the quantitative measures of the Banks financial services, Danamon and its subsidiaries
performance such as, the quantity and the are very much concerned with measuring
quality improvement of its assets, the increase performance in their respective businesses.
of third party funds, and the growth of its fee-
based income. Although the improvement in As a service provider, Danamon and its
quantitative performance also represents the subsidiaries recognize the customer wants and
final objective of Danamon marketing activities, needs as their focus of business. By placing
nevertheless, not every marketing activity has customer as the center of their attention, the
measurable impacts on some quantitative marketing strategy Danamon implements,
indicators of the Banks performance. As direct or indirect, have objectives, where each
such, the marketing strategy implemented is correlated with one another as follows:
by Danamon differentiates between Direct Increasing the recognition of Danamons
Marketing and Indirect Marketing. brand (brand recognition)
Increasing the number of potential
Direct Marketing is marketing activities which customers who select Danamon products
possess measureable performances in terms (customer acquisition)
of targets of banking performances, such as Increasing customer loyalty
the increase in outstanding loans, number
customers new to bank of various products 1. The recognition of Danamons brand (brand
and services used. In general, the activities recognition)
of Direct Marketing are performed by each Danamon as the brand is introduced to
Danamons business line, Adira Finance, Adira the public at large through activities that
Insurance and Adira Kredit addressing and promotes Danamon Brand Personality
servicing their respective market segment. namely:
Meanwhile, Indirect Marketing are activities Enabling, For You, We Can
geared more toward corporate-wide in nature, Energetic, hard work and persistence
where performance is measured among others Proactive, take initiative and anticipate
by awareness level of the Bank and its customer needs and challenges at all times
service satisfaction level in comparison with Adaptive, agile with changes in the
other banks through a survey conducted by an environment
independent party. Danamon continue being Capable, well trained and knowledgable
recognized and awarded at the national as well Genuine, convey as it is, do what is
as international level. The outcome of these promised.
various activities combined has strengthened
Danamons position as one of Indonesias top
banks.

2. Increasing the Number of Customers In addition, Danamon and its subsidiaries

Choosing Danamon Products (Customer provide their customers with ease of access to
Acquisition) banking services through 2,156 branches and
The strategy to increase the number of 1473 ATMs located throughout Indonesias
users of Danamon services or Customer major cities. Moreover, the reach of Danamons
Acquisition is designed to package the services extend internationally, wherein as the
product offerings as such to be emotionally issuer of Visa and MasterCard credit cards
more attractive and rationally provide more enabled customers of Danamon to experience
benefits. banking services through merchants spread
Emotionally attractive products are across Indonesia and worldwide.
products that possess the right image
for its target market. For this reason, The wide range of its products are reinforced
marketing activities are also performed by an up-to-date IT supports, extensive service
through the use of advertising media network, and the strength of its synergy. These
well placed on branches, print media, enable Danamon to design services such as
electronic and online media. Additionally, Financial Supply Chain, and Mobile Branches
various products are accompanied by equipped with EDC, who offer more value
attractive rewards. added for business customers.
One example where Danamon marketing
activities were designed to create As for individual customers, the competency
the right image of its products is the of Danamon IT allows the Bank to design and
introduction of Manchester United credit offer the latest service of D-Mobile, a mobile
and debit card, providing rewards in the banking application that can be used by
form of opportunity to watch live games smartphones on several platforms. In addition
or original merchandise from one of to facilitating online transactions currently
the worlds most famous and popular available for computer users, D-Mobile is also
football club. equipped with new features such as, SosMed
D-Cash for facilitating Facebook users and
In developing products that offers more online retail transactions.
economic benefits to its potential corporate
and business customers, Danamon and its 3. Improving Customer Loyalty
subsidiaries utilize its competitive advantages Danamon marketing strategy for improving
of complete products and services variants, customers loyalty is our efforts to
which can be offered to a wide range of continously making service imporovement,
potential customers in each segments from such as making customer service easier
micro-business to corporates, and selected (less costly in terms of time and customer
according to the customer needs. efforts) to access. These activities are
implemented by:

Marketing Strategy
Improving and adding the features MARKETING CAMPAIGN

offered on several service channels, As a bank oriented toward customer, Danamon
such as; features on Danamon ATM has the ability to identify, develop and avail
services, and features on Mobile Banking products and services which address certain
applications. segments, each with unique offering values
Simplifying various processes needed aligned in accordance to risk management
by a customer to obtain a Danamon philosophy associated with each segment.
service.
Centralizing various processes Given its network which expand throughout
conducted on Danamon service network. the archipelago, Danamon is able to provide
Improving the human resources capacity. comprehensive services.
These improvement for Danamon customer Accordingly, Danamon has implemented a

service have been recognized by various series of marketing campaign in response to
awards, among others; the need of public in each target segment.
Best Teller in the Banking Industry
(BSEM Survey) Below illustrates the form of marketing
WOW Service Excellence Award 2014 campaign conducted throughout 2014
(Markplus)
Excellent Service Experience Award Danamon Lebih
2014 (ESEA) Danamon savings with 5 additional benefits:
1. Free Admininstration Fee
CUSTOMER SEGMENT AND MARKET 2. Cash Back 5%
SHARE 3. Low transfer fee and free cash withdrawal
As a bank oriented toward customers, 4. Free Life Insurance
Danamon continues to avail and offer preferred
banking products and services in line with
customer needs of each segment, and ensure
every customer needs, which continue to
change and evolve, are met accordingly.
With customers being the primary focus,

Danamon continues aiming to be a one stop
shop for its customers.
PRODUCTS AND SERVICES

Danamons products and services are
described in the Corporate Data chapter.

Tabungan FlexiMAX
Provide ease of transacting and financial
benefits
Passbook savings Fleximax earns special
interest rate. Benefits include:
Free transfer fee RTGS/LLG/clearing
Free administration fee
Free cash withdrawal fee when abroad
High interest rate (progressive lin line with
balance)
Free access to Airport Lounge
Free daily statement via Fax
Free from quieing at branch
Giro Bisa
GiroBisa is our flagship current account which
gives you more benefits over an ordinary
current account, which can be customized
to the needs of clients in Small to Medium
Enterprise (SME) segment.
SiPinter Saving Account

A saving account product with a low initial
deposit which is suitable for customers at
micro segment. Customers with certain
criteria will receive additional services, which
include among others the benefit of insurance
protection with free premium payment, ATM
facilities and bank transfer, free facilities of
electricity and telephone bills payment and
Cash Deposit Pickup Services.

Marketing Strategy
Business Loan for Small to Medium

Enterprises
Danamon Savings and Loans provides a
financing (DP 500) for your business loan,
business development, or investments for the
owners of Small to Medium Enterprises with
a loan terms starting from 6 (six) months and
up to 60 (sixty) months with loan nominals
between Rp 500 millions and up to Rp 1.5
billions. Protected by Life and Fire Insurances,
competitive interest rate and administrative
fees, and monthly loan payment amount which
may be adjusted to the ability of the customers.
Bisa iB (Islamic Banking) Saving Account

Discover simplicity and freedom at Bisa iB
Saving Account which ENABLE you complete
the transactions at any time.
Bisa Qurban Saving Account

There is a compassion in each of your qurban.
A saving account which ALLOW you to prepare
for the fund of your Qurban act of worship.
D-MOBILE
D-Mobile, Danamon Mobile Banking
A product of banking services from Danamon
which gives you the ease and convenient in
completing your transactions through your
smartphone. Enjoy the benefits in using
D-Mobile, which include:
Easy and Flexible

Simply download D-Mobile application through
AppStore, GooglePlay, and Blackberry World.
Activate your account directly on your D-Mobile
Application without the need to visit Danamon
Branch/ATM. Use your User ID and Password
DOB or your Debit Card/ATM for activation.

Dynamic, Simple, and Personalized CASH MANAGEMENT

With D-Mobile a range of transactions such For Commercial Customers, customers with
as balance checking, interbank fund transfer, annual turnover of between Rp 40 to Rp 500
bill payments, and a variety of purchases now billion will be served by Banking Commercial
can be completed through your smartphone. Unit.
Enjoy its top-of-the line features such as
Augmented Reality (an exciting way to search CASH@WORK
for Danamons merchants promotion) and Sos- Internet banking services for cash management
Med D Cash (a new way of sending money to purposes where customers may perform
your Facebook friend). Additionally, D-Mobile various banking transactions directly and
lets you replace your Display Picture/Avatar easily at the customers office through internet
according to your preferences. network.
Broad and Fast Services For Corporate Clients, with an annual turnover
The network data access (GPRS/3G, EVDO- of more than Rp 500 billion and Financial
CDMA, WiFi) which is secure with internasional Institution will be served by Coporate Banking
standards EV SSL Certificate and HTTPS Host Unit.
Security. Banking transactions become more
practical, fast and convenient with D-Mobile. TRADE COMMODITY FINANCING
Designed with Specific Financing Scheme
Jangkauan Luas dan Cepat where the structure is customized according
Akses jaringan data (GPRS/3G, EVDO-CDMA, to customers business types and their
WiFi) yang aman dengan standar keamanan commodities.
internasional EV SSL Certificate dan HTTPS
Host Security. Transaksi perbankan menjadi
lebih praktis, cepat dan nyaman dengan
D-Mobile dimana saja.
DANAMON ONLINE BANKING

Internet banking services in conjunction
with banking transactions such as balance
checking, domestic and foreign exchange fund
transfer, bill payment, purchases, and online
checking account. This service is further
equipped with SMS notification and e-mail to
further customers convenient and security.
KARTU DANAMON
Extraordinary credit card which gives you
shopping convenience and let you fulfill
your modern lifestyle. Additionally, this card
also offers a variety of exciting programs in
thousands of places which collaborate with
Danamon.

Financial Review
In 2014, Asset of Danamon increased 6.2% to Rp195,709

billion from Rp184,237 billion in 2013. Danamons Capital
adequacy ratio (CAR) remained at 17.9% level. While Net
Profit in 2014 decreased 35% to Rp2,683 billion compare to
Rp4,159 billion in 2013.

PROFIT/LOSS
Rp (in bilion)
Full Year
Consolidated Statements of Income
YoY 2014 2013 2012 2011 2010
Net Interest Income 1% 13.680 13.531 12.922 10.849 9.908
Net Underwriting Income -12% 427 487 464 392 373
Net Interest Income and Net Underwriting 1% 14.107 14.018 13.386 11.241 10.281
Income
Other Operating Income -16% 4.336 5.156 4.649 4.213 3.584
Other Operating Expense 6% 14.380 13.569 12.464 10.280 9.235
Net Operating Income -28% 4.063 5.605 5.571 5.174 4.630
Non Operating Income - net 580% 510 75 84 623 628
Income Before Tax -36% 3.553 5.530 5.487 4.551 4.002
Income Tax Expenses -37% 870 1.371 1.370 1.149 1.018
Income After Income Tax Expense -35% 2.683 4.159 4.117 3.402 2.984
Net Income Atributable to Non - Controlling -33% 79 118 105 108 101
Interest
Net Income Atributable to Equity Holders of -36% 2.604 4.041 4.012 3.294 2.883
the Parent Entity
Basic Earning per Share -36% 271,69 421,68 418,57 373,99 342,92
Comprehensive Income Atributable to Equity -31% 2.741 3.961 3.978 3.260 3.285
Holder of Parent Entity
Comprehensive Income Atributable to Non -32% 78 115 103 113 99
Controlling Interest
Full Year
Other Comprehensive Income
YoY 2014 2013 2012 2011 2010
Foreign Exchange Different from Translation - - - - (2) -
of Financial Statement in Foreign Currency
Avalaible for sale Financial Assets :
-Losses in Current Year -290% 235 (124) (16) (65) 765
-Amount Transferred to Profit or Loss in 18% (13) (11) (4) (31) (237)
Respect of Fair Value Change
Cash Flow Hedges:
-Effective portion on fair value changes of -572% (85) 18 (17) (2) -
derivative instrument for cash flow hedges
Income tax relating to components of other -106% (2) 35 2 24 (128)
comprehensive income
Other Comprehensive Income Net of Tax -265% 135 (82) (35) (76) 400
Total comprehensive income -31% 2.818 4.077 4.082 3.326 3.384
* 2011 is restated due to the first time adoption of SFAS62, SFAS28 (R2012) and SFAS36(R2012) in subsidiary

Financial Review
Comprehensive Income The normalized consolidated net income

In 2014, comprehensive income experienced declined 15% to Rp3,453 billion in 2014,
Rp1,259 billion decrease to Rp2,818 billion compared to Rp4,041 billion in 2013. This
compared to Rp4,077 billion in 2013. The decline can be regarded as the result of
decrease was mainly driven by decrease of net weakening economic growth and high interest
consolidated income in 2014. rates, which caused a decrease in Danamon
Net Interest Margin from 9.6% in 2013 to 8.4%
The decline in commodity prices and the weak in 2014 and resulting a limited increase of net
export has lended a limited space for business interest income and increasing cost of credit.
expansion. Consequently, the demand for Additionally, there was a non recurring expense
credit was decreased and hence banking from Danamon restructuring activities in 2014.
industry scored a conservative growth.
The reported consolidated net income
In addition, decline in the contribution of showed a significant decrease from Rp4,041
comprehensive income was also influenced by billion in 2013 to Rp2,604 billion in 2014. This
the changes in the new FSA rules, especially decline came mainly from a 16% decline of
the Circular No. SE-06/D.05/2013 on Vehicle other operating income from Rp5,156 billion
Insurance, which is in effect in 2014. in 2013 to Rp4,336 billion in 2014, which is a
decrease of Rp820 billion in nominal value, and
Consolidated Net Income a 580% jump of non-operating expense from
In 2014, in accordance with the new ruling Rp75 billion in 2014 to Rp510 billion in 2014.
(No SE-06/D.05/2013) from the Financial
Services Authority (OJK), which change the As of end of 2014, the Return on Average
method of income recognition for commission Assets (ROAA) was 1.4%, while the Return of
on motor-vehicle insurance, PT Bank Average Equity (ROAE) was 8.6%. These ratios
Danamon Tbk reported its income statements however, are not comparable to same ratios
which significantly impacted the reported calculated in the previous years since there
consolidated net income. are a significant changes in the calculation of
Danamons income.
Under the method used in previous years,
before the OJK ruling was applied, Danamon
consolidated NPAT in 2014 would be described
as nomalized Net Profit After Tax (NPAT),
which is useful for analyzing the performance
of Danamon Bank from the previous years.
Whereas if the income was calculated in
accordance with the OJK ruling, the reported
2014 profit or loss would be described as
reported NPAT, which is the legally recognized
profit or loss of Danamon Bank.

INCOME
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Interest Income 14% 22,991 20,131 18,858 16,882 14,418
Premium Income 19% 1,492 1,258 1,152 958 768
Other Operating Income -16% 4,336 5,156 4,649 4,213 3,584
Total Operating Income 9% 28,819 26,545 24,659 22,053 18,770
Non Operating Income -49% 46 43 84 100 55
Total 7% 28,865 26,588 24,743 22,153 18,825
In 2014, the total income rose by 7% to Rp28,865 billion compared to Rp26,588 billion in 2013. The
growth was contributed mainly by operating income, specifically interest income, which increased
by Rp2,860 billion and amounted to Rp22,991 billion compared to 2013 of Rp20,131 billion.
Interest Income
Interest income is income from the interest from lendings and other financial investment instruments,
as follows:
interest income
Full Year
Rp billion
YoY 2014 2013
Loans 13% 15,335 13,581
Government bonds 41% 326 232
Marketable securities and other bills receivable 42% 1,019 718
Consumer financing income 12% 6,055 5,428
Placement with other banks and BI 49% 256 172
Total 14% 22,991 20,131
Interest income from loans is the main component of Danamons interest income. In 2014, interest
income from loans rose by 13% to Rp15,335 billion compared to 2013.
Interest income from consumer financing grew by 12% from Rp5,428 billion in 2013 to Rp6,055
billion in 2014. The enforcement of regulations that set the limit for minimum down payment of
auto financing and upper threshold for joint financing created pressure for Danamons consumer
financing activities since 2013, impacted the growth of interest income from consumer financing
since 2013.
Despite its relatively small amount, income from funds placement in other banks and Bank Indonesia
experienced significant gowth of 49% from Rp172 billion in 2013 to Rp256 billion in 2014. One of
the main drivers were increase of BI rate by 25bps from 7.5% to 7.75% in December 2014.

Financial Review
Net Interest Income

Full Year
In Rpbillion
YoY 2014 2013 2012 2011 2010
Interest Income* 14% 22,991 20,131 18,858 16,882 14,418
Interest Expense 41% 9,312 6,600 5,936 6,033 4,510
Total 1% 13,679 13,531 12,922 10,849 9,908
*) Starting 1 January 2010, all cost directly related to acquisition for loans or consumer financing (acquisition cost) is deferred and
amortized in accordance with the period of the loans or consumer financing. The amortization of acquisition cost is reported as a
deduction to interest income from previously recognized as part of provision & commission expense and other operating expense.
In 2014, net interest income increased by 1% from Rp13,531 billion in 2013 to Rp13,679 billion.
The increase was lower than the growth of net interest income in 2013 and 2012, which rose by
5% and 19% respectively. The decreased growth of net interest income in these years was due to
loan growth that was not optimum. At the same time, the increase of benchmark interest rate was
experienced by almost all of Danamons funding source of instruments, which led to significant
increase of interest expense of more than 41% in 2014.
Other Operating Income

Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Fees and commissions income 3% 1,775 1,728 1,536 1,323 1,205
Fees -19% 2,642 3,271 2,992 2,844 2,125
(Loss)/gain from changes in fair value of -259% (127) 80 41 22 (12)
financial instrument
Realized gain (loss) from derivative -94% 13 208 (44) (47) 20
instruments
(Expense) income from foreign -95% (7) (139) 106 42 1
exchange transaction
Dividend income -80% 1 5 5 5 2
Gains on sale of marketable securities 1200% 39 3 13 24 242
and Government bonds net
Others - - - - - 1
Total -16% 4,336 5,156 4,649 4,213 3,584
At the end of 2014, other operating income declined by 16% to Rp4,336 billion compared to Rp5,156
billion in 2013. This was largely driven by the growth of fee-based income from administrative fees
and credit card transactions of Rp629 billion. As for percentage, the largest decline came from loss
from changes in fair value of financial instrument.
Fees and Commission Income

Provision and commission income increased by 3% from Rp1,728 billion to Rp1,775 billion in 2014.
Fees and commission income represents the provision income from credit activities, amounting
to Rp1,203 billion provided to customers and commissions for services performed amounting to
Rp190 billion.

Fees
In 2014, fees declined by 19% to Rp2,642 billion compared to Rp3,271 billion in 2013. Income from
fees derived from banking transactions such as administration fees from loans, which amounted to
Rp2,052 billion, income from credit cards that amounted to Rp210 billion, and other fees of Rp380
billion.
Gains from Sales of Securities and Government Bonds

In 2014, gains from sales of securities and government bonds increased by 1200% to Rp39 billion,
compared to Rp3 billion in 2013.
EXPENSES
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Interest Expense 41% 9,312 6,600 5,936 6,033 4,510
Insurance Underwriting 38% 1,064 771 689 566 395
Expenses
Other Operating Expense 6% 14,380 13,569 12,464 a)
10,280 9,235
Total Operating Expense 18% 24,756 20,940 19,089 16,879 14,140
Non Operating Expense 370% 555 118 168 a)
723 683
Total 9% 25,311 21,058 19,257 17,602 14,823
Notes: Reclasification Other Receivables Allowance for Impairment Losses & Loss on sale of repo

In 2014, the total amount of expenses rose by 9% to Rp25,311 billion compared to Rp21,058 billion
in 2013. The increase was due largely to 41% or Rp2,712 billion increase of interest expenses, a
significantly greater rise than the increase of Rp664 billion in the previous year. Other operating
expense grew at 6%, or an increase of Rp811 billion from Rp13,569 billion of the expense in 2013,
which is lower than 9% increase in the earlier year.
As for non operating expense, 2014 saw a jump of 370% or Rp437 billion, which came primarily from
a one-time expense of business transformation expense of Rp408 billion brought by restructuring
policy implemented by Danamon in 2014 toward its network of branches and employees.
Interest Expense
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Deposits from customers 54% 6,303 4,099 3,951 4,485 3,469
Borrowings and deposits from other banks 46% 1,646 1,124 744 591 631
Securities issued -5% 1,132 1,187 1,060 785 272
Deposit insurance guarantee expense 22% 231 189 181 172 138
Total 41% 9,312 6,600 5,936 6,033 4,510

Financial Review
In 2014, interest expense rose significantly by 41% to Rp9,312 billion compared to Rp6,600 billion
in 2013. In terms of both of percentage and nominal values, the increase was driven by the increase
of interest expense of deposits from customers and other banks, and borrowings. The interest
expense of customer deposits rose 54%, from Rp4,099 billion in 2013 to Rp6,303 billion in 2014,
while the interest expense from other banks deposits and borrowings rose Rp522 billion from
Rp1,124 billion in 2013 to Rp1,646 billion in 2014.
The increase of FASBI interest rate and BI Rate in 2013 and 2014, and stiff competition among
banks in offering time deposits interest rates in the period up to 3rd quarter of 2014, led to rising
interest rates of deposits in the banking industry. Danamon was no exception, when in 2014 it
experienced increase of interest rate on its entire funding instruments.
The following table presents details of weighted average effective interest rate per annum for
deposits from other banks and borrowings in 2012-2014;
The weighted average effective interest rate per annum

2014 2013 2012
from other banks 2012-2014
Current Accounts 5.47% 4.75% 4.08%
Savings 4.30% 3.51% 3.99%
Deposits and on call deposits 7.16% 5.57% 5.87%
Call money-Rupiah 6.22% 5.21% 4.57%
Call money-foreign currecy 4.82% 2.00% 1.99%
Other Operating Expense

Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Fees and commissions expense -2% 347 354 309 241 329
General and administrative expenses -1% 3,652 3,689 3,388 3,080 2,545
Salaries and employee benefits 2% 5,811 5,713 5,163 4,413 3,839
Allowance for impairment losses 19% 3,986 3,348 3,151 a)
2,183 2,134
Addition of possible losses on commitments - - - - -
and contingencies
Others 26% 584 465 454 a)
363 388
Total 6% 14,380 13,569 12,465 10,280 9,235
a)
Reclasification allowance for impairment losses of other receivable & Loss on sale of repo
In 2014, other operating expenses increased by 6% to Rp14,380 billion from Rp13,569 billion in
2013. In terms of both percentage and nominal value, the increase was mainly due to increase in
Allowance for impairment losses, which rose 19% or Rp638 billion, from Rp3,348 billion in 2013 to
Rp3,986 billion.

As for Salaries and employee benefit in 2014 to Rp1,744 billion in 2014, and a decrease in
only increased by 2% from earlier year, or in advertising and promotion expenses of Rp49
nominal value, it increased by Rp98 billion to billion to Rp217 billion in 2014. The decreasing
Rp5,811 billion from Rp5,713 billion in 2013. amounts of both of these components was
General and administrative expenses have in line with the steps to improve operation
even declined by 1% from Rp3,689 billion in efficiency implemented in 2014.
2013 to Rp3,652 billion in 2014.
Salaries and Employee Benefits
These changes in employees and The largest component in other operating
administrative expenses represent strategic expenses, Salaries and employee benefits, in
steps implemented by Danamon in 2014 by 2014 only rose by 2% from the earlier year. In
consolidation and restructuring service network, nominal value, it increased by Rp89 billion to
centralizing various business processes, and Rp5,811 billion from Rp5,713 billion in 2013.
strengthening synergy between business units This increase came only from 12.5% salary
and subsidiaries of Danamon. These steps aim increases of Rp313 billion to Rp2,815 billion. As
for improvement of efficiency and productivity for other components: Benefits, Education and
in Danamon service network, while maintaining Training, and other expenses for employees,
efficient cost structure. they declined by Rp215 billion to Rp2.996
billion.
Fees and Commission Expense
In 2014, fees and commission expense was Allowance for Impairment Losses
down by 2% to Rp347 billion compared to With growth of loans, Danamon has calculated
Rp354 billion in 2013. Fees and commission that allowance for impairment losses of loans
expense is expenses from loan administration. until end of 2014 stood at Rp2,801 billion, or
The decrease of this expense was in line with significantly increased from Rp2,312 billion in
moderate increase of fees and commission 2013.
during 2014, which rose by only 3%.
General and Administration Expense

One of the significant component of other
operating expense, General and administrative
expenses, have even declined by 1% from
Rp3,689 billion in 2013 to Rp3,652 billion in
2014. The decrease occurred mainly in the
office expenses, which declined by Rp93 billion

Financial Review
Movements of Allowance for impaiment

Amount (in billion Rp) 2014
losses
Beginning Balance - 31 Dec 2013 2,312
Reclassification -
Allowance 2,338
Recovery 814
Write Off (2,431)
FX Difference (233)
Ending Balance - 31 Dec 2014 2,801
Non-operating Income and Expense

In 2014, the total amount of non-operating income increased only by Rp2 billion to Rp45,6 billion.
As for the non-operating expense, it increased almost by five fold from Rp118,1 billion in 2013
to Rp555,5 billiion in 2014. This substantial jump was brought by a non-recurrent expense of
business transformation amounted to Rp408 billion in 2014. This expense was part of branches and
employees consolidation steps implemented by Danamon.
Dupont Analysis
Dupont analysis identifies characteristics of an industry, wherein the main characteristic of banking
industry is the high leverage/debts. Investors need to be aware of the bank debt ratio, as such
banks would be vulnerable to volatility due to economic condition.
Dupont analysis table suggests that Danamons overall financial performance enabled the Bank to
maintain its debt ratio at over 6.5, a slight drop from 6.6 in 2013. However, ROEA of Danamon in
2014 reduced to 8.6% from 14.5% in the previous year mainly driven by lower operating income
from 10.0% to 9.0%.
Full Year
2014 2013 2012 2011 2010
Operating Income 9.0% 10.0% 11.1% 10.5% 11.2%
Operating Expense -5.0% -5.3% -5.7% -5.4% -5.6%
Cost of Credit -1.9% -1.7% -1.9% -1.9% -2.1%
Net Operating Income 2.1% 3.0% 3.6% 3.2% 3.6%
Non Operating Income (Expense) -0.3% -0.1% -0.1% -0.1% -0.3%
Taxes -0.4% -0.7% -0.9% -0.8% -0.9%
Asset Turnover 1.3% 2.2% 2.6% 2.3% 2.4%
Leverage 6.5X 6.6X 6.3X 7.4X 7.6X
ROAE 8.6% 14.5% 16.2% 17.2% 18.5%

BALANCE SHEET
Assets
Full Year
Rp billion % % % % %
YoY 2014 2013 2012 2011 2010
Total Total Total Total Total
Cash -3% 2,856 1% 2,944 2% 2,457 2% 1,895 1% 1,985 2%
Current 11% 10,268 5% 9,261 5% 7,718 a)
5% 7,760 a)
5% 5,275 4%
accounts
with
Bank
Indonesia
Current -9% 4,858 2% 5,335 3% 3,717 2% 2,640 2% 1,658 1%
accounts
with
other banks
Placements 31% 9,675 5% 7,399 4% 6,361 4% 13,232 9% 9,257 8%
with other
banks and
Bank
Indonesia
net
Securities 15% 8,888 5% 7,727 4% 7,307 5% 4,820 3% 5,324 4%
Loans net 2% 133,193 68% 130,646 71% 113,289 b)
73% 98,984 b)
70% 79,931 68%
Government 18% 6,605 3% 5,598 3% 4,063 3% 3,947 3% 6,138 5%
bonds
Fixed assets 4% 2,490 1% 2,384 d)
1% 2,096 1% 1,899 1% 1,771 1%
net
Others 30% 16,876 9% 12,943 d)
7% 8,783 c)
6% 7,115 c)
5% 7,053 6%
Total 6% 195,709 100% 184,237 100% 155,791 100% 142,292 100% 118,392 100%
*) Including consumer financing receivables
Note: All figures are presented in net amount
Note:
a) Reclasification Prefund clearing BI
b) Reclasification other receivable
c) Reclasification other receivable & Prefund clearing BI
d) Reclasification fixed Assets to others
In 2014, total assets increased by 6% to Rp195,709 billion compared to Rp184,237 billion in 2013.
The largest percentage increase was mainly due to increase of Placements with other banks and
Bank Indonesia by 31% or Rp2,276 billion in nominal value to Rp9.675 billion in 2014. Loans,
which is a component of assets with the most significant contribution of 68% from total assets in
2014, increased only by 2% or Rp2,547 billion from Rp130,646 billion in 2013 to Rp133,193 billion
in 2014. The limited increase of Loans in 2014 (whereas Loans in 2013 increased by 15%), was
part of Banks strategy to maintain the qualilty of assets amid the weakness in economic growth
and the relatively high interest rates.
Also contributing to the increase of assets was increase of other components of assets, which
mainly comprised of interest receivables, other receivables, premium receivables on option,
receivables from sales of marketable securities, and receivables from credit card transactions,
rose by 30% or Rp3,933 billion, from Rp12,943 billion in 2013 to Rp16,876 billion in 2014.

Financial Review
Current Assets
As part of its prudent liquidity management, Danamon always strives to maintain the liquidity of its
assets at its optimum level. Other than liquid funding sources from cash and placements with Bank
Indonesia and other banks, securities portfolio presented in the available for sale (AFS) account
also constitutes Danamons liquid asset portfolio. The amount of liquid assets is determined by the
structure of balance sheet and market condition.
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Cash -3% 2,856 2,944 2,457 1,895 1,985
Current accounts with Bank Indonesia 11% 10,268 9,261 7,718 a)
7,760 a)
5,275
Current accounts with other banks - gross -9% 4,858 5,335 3,717 2,640 1,658
Placements with other banks and Bank 31% 9,675 7,399 6,361 13,232 9,257
Indonesia gross
Marketable securities available for sale 17% 8,620 7,347 6,811 4,173 9,572
and trading
Government bonds available for sale and 18% 6,605 5,598 4,063 3,947 6,138
trading
Total Current/Liquid Assets 38% 42,882 37,884 31,127 33,647 33,885
Note: a) Reclasification Prefund clearing BI
In 2014, current assets increased by 38% to Rp42,882 billlion compared to Rp37,884 billion in
2013. Increase of current assets was mainly due to significant increase of current accounts with
Bank Indonesia, placements with other banks and Bank Indonesia, and the increase in Marketable
securities and Government bonds available for sale and trading.
Loans
Full Year
YoY 2014 2013 2012 2011 2010
Wholesale -2% 18,391 13% 18,828 14% 12,663 11% 12,532 12% 10,689 13%
SME&Commercial 6% 39,814 29% 37,606 28% 30,544 26% 24,241 24% 19,639 24%
Consumer *) 18% 10,847 8% 9,178 7% 7,371 6% 5,692 6% 5,150 6%
Mass Market *) 0% 70,005 50% 69,771 52% 66,005 57% 59,394 58% 47,180 57%
Total 3%139,057 100%135,383 100%116,583 100%101,859 100% 82,658 100%
Catatan:
all amounts are gross amounts
*) Previously Pawnbroking classified as Mass Market, in 2014 classified as Consumer
In 2014, balance of gross loans rose by 3% from Rp135,383 billion in 2013 to Rp139,057 billion.
To improve the performance of loan disbursement, Danamon consistently applies prudent strategy
to anticipate market trend and market development, in order to balance capital, quality of asset,
growth, and profitability.

The Mass Market loans are loans disbursed to micro business segment through Danamon Simpan
Pinjam (DSP) business line, and consumer financing that consists of automotive financing through
subsidiary Adira Finance as well as electronics and household appliances financing through Adira
Kredit. The Mass Market portfolio is a predominant component that accounts for 50% of Danamons
overall lending portfolio.
Mass Market Loans
18,967 49,619 1,419

19,865 48,294 1,611
18,777 45,792
41,545 1,416 1,436
16,433
15,307 1,198
30,675
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
Micro Loans (DSP) Automotive (Adira Finance) Household Appliances

(DSP) Financing (Adira Kredit)
In 2014, loan balance on this segment can be regarded as constant, as it rose by only 0.34%, or
Rp234 billion, from Rp69,771 billion in 2013 to Rp70,005 billion. The increment of loans in the Mass
Market segment was mainly driven by the increase of automotive financing (Adira Finance) of 3%,
from Rp48,294 billion in 2013 to Rp49,619 billion in 2014. As for micro loans, which were disbursed
through DSP and Adire Kredit (household and electronic goods financing), they experienced some
declines. The contributions of automotive financing and micro loans to the total loans of Mass
Market segment are 71% and 27% respectively.
Loans in the medium-scale business (SME & Commercial) grew by 6% to Rp39,814 billion compared
to Rp37,606 billion in 2013. With this growth, contribution of SME & Commercial loans to Danamons
total loans increased from 28% in 2013 to 29% in 2014. Meanwhile, wholesale loans declined 2%
from Rp18,828 in 2013 to Rp18,391 in 2014.
Integration of services carried out at all of Danamon branches; investments in information technology,
especially infrastructure that supports loan disbursement; intensive marketing of credit cards and
personal loans were strategies that succesfully contributed to 18% growth of consumer loans, from
Rp9,178 billion in 2013 to Rp10,847 bilion in 2014.

Financial Review
Lending by Full Year

Loan Category % % % % %
Rp billion YOY 2014 2013 2012 2011 2010
Consumption* 2% 59,917 43% 58,506 43% 54,811 47% 48,634 48% 36,834 45%
a) b)
Working 2% 50,474 36% 49,288 36% 39,718 34% 34,737 34% 32,127 39%
Capital
Investments 4% 25,206 18% 24,314 18% 20,238 17% 17,152 17% 12,530 15%
Export 6% 3,437 2% 3,248 2% 1,801 2% 1,323 1% 1,156 1%
Loans to -15% 23 0% 27 0% 15 0% 13 0% 11 0%
Commissioner
and Senior
Management
Total 3%139,057 100%135,383 100%116,583 100%101,859 100% 82,658 100%
*) Including consumer financing receivables and leasing for customers of Adira Finance
Note:
a) Reclasification other receivable
b) Reclasification other receivable & Leasing
Lending by Loan Category

2% 2% 2%
44% 44% 47%
17%
18% 18%
2014 2013 2012

36% 34%
36%
1% 1%
48% 45%
15%
17%
2011 2010
34% 39%
Consumption Export
Working Capital Loans to Commissioner and

Senior Management
Investments

Based on the category of use, Danamons lending is dominated by consumption loans. Lending
composition according to the category of use in 2014 is as follows; consumption loans accounts
for 43% of the total portfolio, followed by working capital at 36%, investment loans at 18%, and
export loans at 2%.
In 2014, consumption loans increased by 2% from Rp58,506 billion in 2013 to Rp59,917 billion. The
largest share of this category of loans comes from automotive loans (Adira Finance), which grew
3% in 2014, or Rp1.325 billion in the previous year. Danamons working capital loans were mainly
absorbed by SME and micro businesses.
In 2014, this loan category experienced only 2% growth from Rp49,288 billion to Rp50,474 billion,
while investment loans increased by higher growth of 4% to Rp25,206 billion. The low absorption of
global market resulted on adverse impact on pricing, which led to decreasing prices of commodities
and reduction of national exports. Although Indonesian exports went through a decline, Danamon
was able to maintain its financing performance in this market and increase its export loans in 2014
by 6% compared to 2013, in line with the increase of activities in trade finance.
Loans by Full Year

Economic Sector % % % % %
Rpbillion YOY 2014 2013 2012 2011 2010
Household 4% 55,953 40% 54,021 40% 49,920 43% 44,352 44% 35,543 43%
and Consumer a) a)
Financing
Wholesale and 5% 35,465 26% 33,889 25% 27,932 24% 22,369 22% 23,144 28%
Retail
Manufacture 40% 18,354 13% 13,124 10% 13,966 12% 12,201 12% 8,266 10%
Real Estate, Lease, -11% 4,228 3% 4,725 3% 4,655 4% 6,101 6% 4,133 5%
Services, and
Service Companies
Transportation, -19% 4,890 4% 6,052 4% 4,450 4% 3,588 4% 2,436 3%
Warehouse, and
Communications
Others -14% 20,167 15% 23,572 17% 15,659 13% 13,248 13% 9,136 11%
Total 3%139,057 100%135,383 100%116,583 100%101,859 100% 82,658 100%
Note: a) Reclasification other receivable & Leasing
Based on economic sector, Danamons loans portfolio is evenly spread to various sectors. Household
and consumer financing as well as wholesale and retail loans have constituted the majority of the
loans portfolio for five consecutive years. The contributions of both sectors to Danamons total loans
in 2014 were 40% and 26%, respectively. Growth of loans in both sectors reflected the development
of the middle-class population and the increase of per capital income, which boosted consumption.

Financial Review
Loans by Economic Sector

15% 13%
39% 17% 41% 43%
4%
4%
4% 4%
3%
3%
2014 2013 2012
12%
13%
10%
26% 25% 24%
13% 11%
44% 3% 43%
4%
5%
6%
10%
2011 2010
12%
22% 28%
Household and Consumer Financing Real Estate, Lease, Services, and Service Companies
Wholesale and Retail Transportation, Warehouse, and Communications
Manufacture Others
Full Year
Loans by Region
YOY 2014 2013 2012 2011 2010
Jakarta, Bogor, 3% 49,812 45% 48,505 46% 38,479 41% 34,295 39% 28,794 38%
Tangerang, a) a)
Karawang, Bekasi
and Lampung
West Java 4% 6,710 6% 6,459 6% 6,066 7% 6,139 7% 6,062 8%
East Java, Bali, 9% 12,844 12% 11,748 11% 10,914 12% 11,401 13% 11,366 15%
NTT and NTB
Sulawesi, Maluku 6% 8,625 8% 8,139 8% 7,656 7% 7,016 8% 5,304 7%
& Papua
Kalimantan 5% 7,066 6% 6,727 6% 6,400 7% 6,139 7% 4,546 6%
Sumatera 1% 16,307 15% 16,121 15% 15,459 17% 14,909 17% 12,124 16%
Central Java and 2% 8,211 7% 8,082 8% 8,207 9% 7,893 9% 7,577 10%
Yogyakarta
Jumlah 4%109,575 100%105,781 100% 93,181 100% 87,793 100% 75,773 100%
Note: Exclude CFR (Consumer Financing Receivable)
a) Reclassification of receivables savings

Loans by Region
7% 8% 9%
46% 46% 41%
15% 15%
17%
6% 2014 6%
2013 2012
7%
8% 8%
7%
12% 11% 12% 7%
6% 6%
9% 10%
39% 38%
17% 16%
2011 2010
7% 6%
8% 7%
13% 7% 15% 8%
Jakarta, Bogor, Tangerang, Karawang, Bekasi and Lampung Kalimantan
West Java Sumatera
East Java, Bali, NTT and NTB Central Java and Yogyakarta
Sulawesi, Maluku & Papua

Until end of 2014, Danamon (stand alone) loans portfolio remains concentrated in Jabodetabek,
Karawang, and Lampung, which accounts for 45% of the portfolio. Danamon will continue striving
to grow the contributions from regions outside Java, especially Eastern Indonesia that is showing
promising advancement of economy.
Loans by Interest Rate and Currency

Based on interest rate, Danamons loans are dominated by fixed-rate loans that contribute to 55% of
total loans. Fixed-rate loans are mainly disbursed to Mass Market segment as the leading segment
of Danamons loans. Meanwhile, floating loans accounts for 45% of Danamons total loans in 2014,
mainly disbursed to SME, Commercial, and Wholesale segments.
Based on currency, a large part of Danamons loans is disbursed to Mass Market customers.
Therefore, Rupiah-denominated lending has higher contribution compared to foreign currency
lending and in 2014 contributed to 92% and 8% to Danamons total loans, respectively. Loans
disbursed in foreign currency are largely provided to Commercial and Wholesale customers.

Financial Review
Quality Of Productive Assets

Collectibility of Loans
Danamons productive assets consist of current assets, placement with other banks and Bank
Indonesia, marketable securities, derivative receivables, loans, consumer financing receivables,
acceptance receivables, and government bonds.
Throughout 2014, the slowing down of Indonesian economic growth and high interest rates
generated strong pressures against asset quality of the banking industry. NPL (gross) ratio of the
banking industry rose from 1.8% in 2013, to 2.2% in 2014, albeit NPL ratio of around 2% is still
considered as relatively low and still far from the upper limit of 5% set by Bank Indonesia.
This pressure was also faced by Danamon in 2014, as the quality of Danamon productive assets
were slightly down compared to 2013. This decline is indicated by several variables, among them
are the loans in category of Current in loan collectibility in 2014 was slightly less than 2013, and the
nominal value of Loans in the category of Special Mention was larger than the earlier year.
In terms of loans collectability, in 2014 Danamon experienced a decline in its current loans to
88.4% of total loans, compared to 90.0% in 2013. Meanwhile the composition of loans classified
as Special Mention and non-performing loans had increased to 9.3% and 2.3%, respectively, from
8.1% and 1.9% in 2013.
Loans Collectibility (%)
88,2 90,0 88,4
9,5 8,1 9,3

2,3 1,9 2,3
2012 2013 2014
Current
Special Mention
Non Performing Loan
Non-Performing Loan (NPL)

The present continuing slow down of global economic growth has pushed upward the risk profile
of corporate customers segment. Nevertheless, through intensive approach to its customers,
Danamon maintained its 2014 NPL ratio in the wholesale banking segment at the same level of
2013, which was 1%.

The same thing can not be said about SME & Commercial banking segment, where the NPL ratio
rose to 1.7% in 2014, from 0.9% in 2013.
Inflation rate, which rose as a consequence of the rise in subsidized fuel prices had a significant
impact on micro business in the mass-market segment, which in turn reduced their capacity to meet
their debt obligations.
NPL by Segment 2014 2013 2012 2011 2010

Wholesale 1.0% 1.0% 3.3% 2.6% 3.0%
SME & Commercial 1.7% 0.9% 1.5% 2.3% 3.7%
Consumer 1.6% 1.3% 1.5% 2.0% 4.2%
Mass Market 3.1% 2.6% 2.6% 2.5% 2.5%
Consolidated 2.3% 1.9% 2.3% 2.5% 3.0%
Special Mention Loan by Segment

Special Mention Loan by segments
% % % %
Rpbillion
Wholesale 5% 3% 3% 4%
SME & Commercial 6% 2% 2% 2%
Consumer 3% 3% 3% 2%
Mass Market 86% 92% 92% 92%
Total 100% 100% 100% 100%
As of 31 December 2014, loans classified as Special Mention amounted to Rp12,187 billion, or

increased from Rp10,877 billion in 2013. The Mass Market segment is still the predominant segment
in Danamons Special Mention classification, albeit with decreasing contribution from 92% of loans
in the category in 2013 to 86% in 2014. However, in terms of nominal value, the amount of Special
Mention loans from the Mass Market segment decreased from Rp10,027 billion in 2013 to Rp10,424
billion in 2014.
Unlike mass market segment, in 2014 other segments showed rising loans in special mentions both
in terms of their share in the loans in this category and nominal values.
Prime Lending Rates

In line with Bank Indonesias efforts to boost the performance of the economy, Danamon strives
to maintain the prime lending rate at a reasonable level. Danamon continuously manages the
contributing factors to interest rate, such as cost of fund, premium risk, and overhead cost.

Financial Review
Prime Lending Rate Rupiah

31 December 2014 (effective % per year)
Prime Lending Rate Rupiah Based on Business Segment
Corporate Retail Micro Consumption Loans
Loans Loans Loans Mortgage Non Mortgage
Prime Lending Rate 12,30% 13,25% 21,01% 12,25% 17,50%
Description:
a. Prime lending rate is used to determine the interest rate that the Bank imposes on customers. Prime lending rate has not include the
estimation of premium risk, which depends on the Banks assessment on risk profile for each debtor or group of debtors. Therefore, the
interest rate imposed on debtors may differ from prime lending rate.
b. Prime lending rate excludes cash collateral loans
c. Corporate Loans include loans to corporate and commercial customers.
d. Prime lending rate on micro loans is prime lending rate on loans with collateral as required by prevailing regulations.
e. Prime lending rate on consumption loans for non-mortgage loans mainly represent prime lending rate for two-wheels financing that was
facilitated through joint financing scheme and exclude fund appropriation through credit card and unsecured loans.
f. If necessary, the Bank may at any time change the information of prime lending rate.
g. Information on the current prime lending rate is accessible in the Banks branches publication and/or on website (www.danamon.co.id)
LIABILITIES
Full Year
LIABILITIES
YoY 2014 2013 2012 2011 2010
Deposits from 7%116,495 72%109,161 71% 89,897 71% 85,979 74% 79,643 80%
customers
Deposits from 43% 2,426 1% 1,695 1% 2,824 2% 2,814 2% 1,937 2%
other banks
Securities sold -1% 750 0% 759 0% 1,049 1% 1,140 1% 2,790 3%
under repurchase
agreements
Bonds issued -2% 11,893 7% 12,112 8% 12,347 10% 11,278 10% 6,300 6%
Borrowings -10% 14,497 9% 16,069 11% 11,020 9% 6,917 6% 2,482 2%
Subordinated 0% - 0% - 0% 0 0% - 0% 500 1%
debts
Others 29% 16,630 10% 12,888 8% 9,921 8% 8,455 7% 6,211 6%
Total 7%162,691 100%152,684 100%127,058 100%116,583 100% 99,863 100%
On 31 December 2014, total consolidated liabilities grew at 7% from Rp152,684 billion in 2013 to
Rp162,691 billion. The growth was primarily driven by significant increase from deposits from other
banks, which rose by 43% to Rp2,426 billion at end of 2014. In nominal values, Customer deposits
had the largest increase of Rp7,334 billion, increasing its contribution to Danamons liabilities to
72%. Other liabilities booked 29% growth from Rp12,888 billion in 2013 to Rp16,630 billion in 2014.
Customer deposit is the largest component that occupied on average 73.6% of Danamons total
liabilities in the last 5 years. It was followed by Bonds issued, which on the annual average for the
last 5 years accounts for 8% of the total liabilities.

To meet funding needs for automotive financing activities, in 2014 Adira Finance issued fixed-rate
Continuous Bonds II phase III and IV, each amounted to Rp1.5 trillion. During the same year, Adira
Finance also issued Syariah/Sukuk Mudharabah Continuous Bonds I phase II amounted to Rp133
billion. These bonds were rated AAA by PT Pefindo rating agency.
FUNDING
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Third Party Funds 7% 118,325 110,807 91,675 88,054 80,986
Long Term Borrowings 17% 18,403 15,750 10,023 9,604 7,204
Total 8% 136,728 126,557 101,698 97,658 88,190
Danamons funding consists of third party funds (CASA and time deposit) and long-term borrowings/
professional funding such as issued bonds, borrowings from IFC (International Finance Corporation)
and other banks, and securities under repurchase agreement.
During 2014, total funding grew by 8% to Rp136,728 billion in 2014 while it was Rp126,557 billion
in 2013. Long-term borrowings grew significantly by 17% to Rp18,403 billion in 2014 while it was
Rp15,750 billion in 2013. Meanwhile, third party funds as the largest component in the funding
structure which represent 86.5% of Danamons total funding, reported an 7% growth or Rp118,325
billion from Rp110,807 billion in 2013.
a. Third Party Funds

Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Current accounts 10% 23,157 21,132 15,854 12,994 10,972
Savings 10% 35,100 32,053 27,270 23,439 21,433
Time-deposit 4% 60,068 57,621 48,551 51,621 48,581
Total 7% 118,325 110,807 91,675 88,054 80,986
During financial year 2014, current accounts rose by 10% from Rp21,132 billion in 2013 to
Rp 23,157 billions. The growth slightly add the current account contribution to the total third party
accounts from 19% in 2013 to 20% in 2014.
Savings as one of the component of third party funds contribute 30% of Danamons total Third Party
Funds in 2014. Up to the end of 2013, Danamon booked a 10% growth in savings from Rp32,053
billion in 2013 to Rp35,100 billions.
Meanwhile, Time Deposit remains the leading contributor against the total Third Party Funds (51%), a
slight 4% increase or equivalent to Rp60,068 billion in comparison to the preceding year. In terms of
funding composition, there was an increase of contribution from low-cost funds in 2013 comprising

Financial Review
Current Accounts and Savings to Total Danamons Third Party Funds at 49% in comparison to 2013
which was at 48%.
The management views the composition of Third Party Funds as a fairly sound performance
considering the increasingly tighter competition resulting from stringent liquidity followed by the
raise of benchmark interest rate (BI Rate). Coupled with the capital market performance which was
relatively unstable, the consumers and investors were expected to opt for products which would
generate optimum return instead rather than instruments with moderate to high risk profile.
In order to increase CASA composition in funding, especially in third party funds, Danamon
consistently engage in promotional programs and enhancement of infrastructure network by
adding features of the ATM, internet banking, and mobile banking, including the launch of D-Mobile
application which are compatible with devices on Blackberry, Android, and iOS platforms which
enable the consumers to access the existing banking services, as well as the addition of innovative
mobile banking services.

b. Long-Term Borrowings
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Danamon Bonds 0% 920 918 918 2.800 4.036
Adira Dinamika Multi Finance -2% 11,170 11,363 6,839 5,940 2,123
Bonds
PT. Bank Pan Indonesia 33% 1,000 750 750 - -
PT. Bank Central Asia Tbk -92% 41 534 348 - -
Citibank NA, Jakarta Branch - 248 - - 181 -
The Hongkong and Shanghai - - - - -
Banking Corporation Ltd.,
Indonesia
PT. Bank DKI -73% 100 373 253 - -
PT Bank Victoria International - - - - -
Tbk
PT Bank Commonwealth - - - - -
PT Bank Nationalnobu Tbk - - - - -
PT. Bank BCA Syariah - 10 - - - -
Borrowing from other bank/ - - - - -
other financial institution
PT. Bank BJB - - 250 - -
International Finanace -10% 818 913 - 551 825
Corporation
Wells Fargo Bank 4% 617 595 - - -
PT. Bank BNI Syariah - - 25 - -
PT. Panin Syariah - - 25 - -
Chanelling - - - - 1
PT. Permodalan Nasional - - - - 28
Madani
Bankers Acceptance - - 555 - -
Australia and New Zealand - 368 - - - -
Banking Group Ltd
DBS Bank (Singapore) Ltd. - - - - -
Letter of Credit - - - - 178
The Bank of Tokyo-Mitsubishi - - 60 132 -
UFJ Ltd
PT Bank BNP Paribas 923% 3,111 304 - - -
(Singapura)
Bank Indonesia - - - - - 13
Total 17% 18,403 15,750 10,023 9,604 7,204

Financial Review
As part of its liquidity and funding strategy, Danamon has also managed long-term borrowings
(with maturity date of over one year) to maintain the mismatch of liquidity and interest risks more
appropriately. In 2014, Danamons long-term borrowings were provided by fixed-rate bonds issuance
from Adira Finance, comprising of Continuous Bonds II phases III and IV as well as continuous Sukuk
Mudharabah I phase II, with total proceeds of Rp11,170 billion which represents a 2% decrease in
the proceeds of the bonds issuance in comparison to 2013 bonds issuance which was at Rp11,363
billions.
Long-term borrowing throughout 2014 were also driven by various banking institutions, with Bank
BNP Paribas (Singapore) as the primary source with an nominal increase of Rp2,807 billions, which
represents a 923% increase in comparison to the preceding year. Additionally, there are also new
borrowings from ANZ Banking Group Ltd and Citibank, NA (Jakarta Branch), with Rp368 billion and
Rp248 billion respectively.
Consolidated Equity
At the end of 2014, total equity rose by 4.6% from Rp31,553 billion in 2013 to Rp33,018 billions.
Similar to the preceding year, mainly due to the growth of profit balance of 7.7% or Rp1.392 billions,
from Rp18,069 billion in 2013 to Rp19,461 billions.
However, unlike the previous year, the non-controlling interest experienced a 21% decline or
equivalent to Rp238 billion in comparison with 2013 which was at Rp302 billions.
CASH FLOW
Full Year
Rp billion
YoY 2014 2013
Net Cash flows (used in) operating activities 50% 5,501 3,672 *)
Net Cash flow from (used in) investing activities -25% (1,966) (2,607) *)
Net Cash Flows from financing activities -179% (2,697) 3,420

Net (decrease) increase in cash and cash equivalents -81% 838 4,485
Cash and cash equivalents at beginning of the year 22% 24,519 20,033
Cash and cash equivalents at end of the year 3% 25,357 24,519
Reclassification from other assets to construction in progress
The table above presents the comparative data on Danamon cashflow for the years of 2013 and
2014. Consolidated cashflow statements and tables are presented using direct method by classifying
cashflow into operating, investment, and funding activities.
At the end of 2014, Danamon booked Rp25,357 billion of cash and cash equivalents. The account
consisted of Cash of Rp2,856 billions, Current Account at Bank Indonesia of Rp10,268 billions,
Current Accounts at other banks of Rp4,861 billions, and Placement at other banks and Bank
Indonesia with 3 month maturity date effective from the date of acquisition of Rp7,372 billions. The
cash balance slightly improved at 3% in comparison to the cash balance at the end of 2013 which
was at Rp24,519 billions.

Net Cash Flows From (Used In) Operating Net Cash Flow From (Used in) Funding
Activities Activities
The total net cash flow generated by operating The Total Net Cash Flow Used in funding
activities during 2014 is Rp5,501 billions, while activities during 2014 was Rp2,697 billions,
during 2013 Danamon generated cash flow which represented a Rp6.117 billion decrease
for operating activities at Rp3,672 billions. in comparison to the position at the end of
Significant increase (20%) was due to the rise 2013, where the Net Cash generated was
of income from consumer financing of 14%, Rp3,420 billions.
from Rp27,566 billion in 2013 to Rp31,420
billion in 2014, and very significant decrease The Net Cash Flows from funding activities in
on the expenses for new consumer financing 2013 beginning from Cash From in 2013, to
transactions at 28%, or equivalent to Rp7,841 the Cash Used in 2014, is primarily due to the
billions, from the expenses during 2013 at increased amount of borrowings repayment
Rp27,728 billions. under joint financing scheme as well as
movements in new borrowings. Borrowings
Net Cash Flows From (Used In) Investment repayment in conjunction with joint financing
Activities experienced an increase of Rp1,832 billions,
During 2014, total cash flow (consolidated) from Rp8,756 billion to Rp10,588 billions,
used by Bank Danamon is greater than meanwhile there was a decrease of Rp2,981
the cash flow (consolidated) generated by billion in the new borrowings.
investment activities. Similar condition took
place during 2013, however Net Cash Flow SOLVABILITY AND COLLECTABILITY
Used for Investment during 2014 decreased A large part of Danamons long-term liabilities
from Rp2,607 billion in 2013 to Rp1,966 billion is bonds issuance, while during 2014, the
during 2014, or a total decrease of Rp641 composition of liabilities from bonds issuance
billions. Net Cash Flow Used during 2014 is (in which 92% of them are Adira Finance
contributed primarily for investments in effects bonds) contribute to 66% of total Danamons
and Government Bonds as well as Placement long-term liabilities.
on Time Deposit.
Danamon and its subsidiary, Adira Finance, were
As of the securities and Government Bonds, able to meet the various principal and bonds
the Net Cash Flow Used decreased from interests payment schedule requirements.
Rp1,965 billion at the end of 2013, to Rp1,161 Danamon and its subsidiary were also able to
billion at the end of 2014, or a Rp809 billion meet various payment requirements of long-
decrease. As for the Cash Used on Placement term liabilities in the forms of loans from other
on Time Deposit increased to Rp301 billions, banks as prescribed on each respective credit
from Rp17 billion at the end of 2013, to Rp318 agreements. In addition, the level of ability
billion at the end of 2014. to serve liabilities reflect Danamons level of
liquidity which is associated with the Banks
overall robust management of liquidity risk.

Financial Review
Danamons ability to fulfill both short term (S/T) and long-term (L/T) obligations is considered fairly
stable and good as exemplified by both internal as well as external rating agencies.
At the end of 2014, Bank Danamon held liquid assets (assets that can be easily liquidated incl.
cash, nostro, central bank papers, net interbank placements, AFS Government Bonds) of Rp42.9
billions. Danamons LDR ratio stood at 92.6% while Loan to Funding was at 85,9%.
Full Year
Rp billion
YoY 2014 2013 2012 2011 2010
Cash -3% 2,856 2,944 2,457 1,895 1,985
Current Accounts in Bank 11% 10,268 9,261 7,718 a) 7,760 a) 5,275
Indonesia
Current Accounts in other Bank -9% 4,858 5,335 3,717 2,640 1,658
Other placement in other Bank 31% 9,675 7,399 6,361 13,232 9,257
and Bank Indonesia - gross
Securities Held for Sale and 17% 8,620 7,347 6,811 4,173 9,572
Trading - gross
Government Bonds Held for 18% 6,605 5,598 4,063 3,947 6,138
Sale and Trading
Total Liquid Assets 38% 42,882 37,884 31,127 33,647 33,885
Note:
a) Reclassification Prefund Clearing BI
Loan Collectability
Loan Collectability 2014 2013 2012 2011
NPL 2.3% 1.9% 2.3% 2.5%
Special Mention 9.3% 8.1% 9.5% 9.3%
Current 88.4% 90.0% 88.2% 88.1%
Danamons Loan Collectability may be viewed at the above table. Danamons Non-Performing Loan
(NPL) during 2014 was at 2.3% or equivalent to Rp3.2 billions.
LIQUIDITY
As of 31 December 2014. Danamon and its subsidiaries reported sufficient level of liquidity with
improved level of LDR and loan-to-funding ratio of 92.6% and 85.9% respectively at the end of
2014 in comparison to the positions of 31 December 2013 of 95.1% and 87.4% respectively.
As part of the efforts to maintain liquidity and to manage maturity mismatch and interest rates, Adira
Finance sought funding from professional market, therefore allowing the overall adequate liquidity
of Danamon amid tight competition of funding.

CAPITAL
Capital Structure
Bank Consolidated
Rp billion
YoY 2014 2013 2012 2011 2010 YoY 2014 2013 2012 2011 2010
Components Of Capital
a. Core capital (Tier 1) 11% 25,556 23,051 21,050 19,391 13,474 8% 29,355 27,280 24,370 21,868 14,928
b. Supplementary 12% 1,319 1,183 986 903 785 9% 1,523 1,392 1,144 1,000 1,297
capital (Tier 2)
Total Core Capital 22% 26,876 24,234 22,036 20,294 14,259 17% 30,878 28,671 25,514 22,868 16,225
and Supplementary
Capital (a+b)
Invesments (-/-) 2,645 2,645 2,645 2,645 2,645 1,175 970 849 706 673
Total Care Capital and 22% 24,230 21,588 19,391 17,649 11,614 17% 29,703 27,702 24,665 22,162 15,552
Supplementary Capital
(a+b)
Risk Weighted 8% 133,354 123,510 105,500 106,202 86,741 7% 166,294 155,140 130,486 126,264 96,939
Assets with Credit
Risk, Market Risk
and Operational
Risk
CAR with Credit 3 21.9% 21.0% 22.3% 19.6% 15.3% 229.5% 22.2% 22.0% 23.4% 21.3% 18.5%
Risk
-Market Risk 6% 3.65% 3.46% 3.8% 3.0% 0.10% 6% 4.29% 4.06% 4.40% 3.7% 0.1%
-Operational Risk -10% 0.05% 0.06% 0.1% 0.0% 1.80% -13% 0.04% 0.05% 0.10% 0.0% 2.4%
CAR 282% 18.17% 17.48% 18.4% 16.6% 13.4% 237% 17.86% 17.86% 18.9% 17.6% 16.0%
Market Risk
Danamon has implemented a standardized approach to manage risk market pursuant to BI
Regulation No. 9/13/PBI/2007 dated November 1, 2007 and Circular Letter No. 9/33/DPnP dated
December 18, 2007 and its amendment the Circular Letter No. 14/21/DPnP dated July 18, 2012
since November 2007.
Credit Risk
In accordance with BI Circular Letter No. 13/6/DPnP dated February 18, 2011, Danamon adopted
the standardized approach to manage its credit risk began from January 1, 2012. On November
18, 2014, FSA issued FSA Regulation No. 21/POJK.03/2014 which regulates the application of the
approach in managing credit risk in Syariah business. Referring to the said regulation, Danamon will
apply a standardized approach to managing credit risk in Syariah Division began January 1, 2015.
Operational Risk
In managing operational risk, Danamon applies basic indicator approach in accordance with BI
Circular (SE) No. 11/3/DPnP dated January 27, 2009. Based on the aforementioned SE, capital
charges for operational risk equal to 15% of the average gross income in the last three years,
effective January 1, 2011.

Financial Review
Capital Adequacy
As of December 2014, the consolidated CAR was reported at 17.9% level, the same level with
the position at the end of 2013. As a standalone, Danamons CAR rose to 18.2% from 17.5% on
December 2013. During the last 5 years, CAR, both standalone of the Bank as well as consolidated,
were well above BIs required level of 9%-10% (for BUKU 3 Banks)
The table above showed the position of risk-weighted assets (RWA) by calculating the credit, market,
and operational risks were at Rp133,354 billions, or an 8% increase from those in 2013.
CAPITAL POLICY
The focus on Mass Market segment required Danamon to maintain a strong capital structure. As
part of the formulated Risk Appetite Statement (RAS), Danamon has set a minimum limit of capital
that needs to be maintained.
To ensure Danamons ability to sustain amid various business pressure, following Bank Indonesias
regulation on minimum Tier I capital and total CAR, the buffer of Available Financial Resources (AFR)
has determined the level of required capital buffer. Moreover, Danamon has also utilized the various
sources of funding under liabiities category to meet the required working capital, other than utilizing
equity to support the capital needs.
Funding Composition
Rp billion YOY 2014 2013 2012 2011 2010
Assets 6% 195,709 184,237 155,791 142,292 118,392
Liabilities 7% 162,691 152,684 127,058 116,583 99,863
Equity 5% 33,018 31,553 28,733 25,709 18,529
Structure
Deposits from customers 7% 116,495 109,161 89,897 85,979 79,643
Borrowing (Short term and long -10% 14,497 16,068 11,020 6,917 2,482
term)
Others Liabilities 15% 31,699 27,455 26,141 23,686 17,738
Equity 5% 33,018 31,553 28,733 25,709 18,529
Total Assets 6% 195,709 184,237 155,791 142,292 118,392
in (%) YOY 2014 2013 2012 2011 2010
Composition
Deposits from customers 0% 60% 59% 58% 60% 67%
Borrowing (short term and long -15% 7% 9% 7% 5% 2%
term)
Others Liabilities 9% 16% 15% 17% 17% 15%
Equity -1% 17% 17% 18% 18% 16%
Total Assets 0% 100% 100% 100% 100% 100%


This strategy is reflected from the composition of funding on Danamons assets in 2014, where 83%
of Danamons assets were funded by liabilities. Equity-backed assets contributed only 17%. The
composition moved slightly from the positions in 2013, where the contribution of liabilities to assets
was 83% but the lialibilities composition was slightly different, due to the decreasing role of short
and long term borrowings.
Further, in 2014, assets grew at 6%; liabilities grew at 7%; and equity rose by 5%. The increase
of equity was driven by 7.7% increase of retained earning balance. Meanwhile, other liabilties
composition increased from 15% to 16% by the end of 2014.

SHARE OWNERSHIP COMPOSITION
Number of
Percentage
Shares Issued Nominal
SHAREHOLDERS of
and Value
Ownership
Fully Paid
A Series shares (par value of Rp50,000 (full amount) per share
Public (ownership interest below 5% each) 22,400,000 0.23% 1,120,000
B Series shares (par value of Rp500 (full amount) per share

Asia Financial (Indonesia) Pte. Ltd. 6,457,558,472 67.37% 3,228,779
JPMCB - Franklin Templeton Invesment Funds 650,279,488 6.79% 325,140
Public (ownership interest below 5% each) 2,437,181,763 25.43% 1,218,591
Commissioners and Directors:
Ng Kee Choe 94,275 0.00% 47
Henry Ho Hon Cheong 2,161,500 0.02% 1,081
Muliadi Rahardja 6,405,515 0.07% 3,203
Herry Hykmanto 502,256 0.01% 251
Vera Eve Lim 5,020,500 0.05% 2,510
Kanchan Keshav Nijasure 1,187,866 0.01% 594
Fransiska Oei Lan Siem 1,234,730 0.01% 617
Michellina Laksmi Triwardhany 617,000 0.01% 309
Total of Shares Series A dan Series B 9,584,643,365 100% 5,901,122
Both Series A and Series B shares carry equal voting rights. Danamons capital structure and policies
concerning capital structure are presented in details in Danamons Articles of Association No. 134,
made before Meester Raden Soedja, SH and approved by the Minister of Justice of the Republic of
Indonesias Decree No. J.A.5/40/8 dated 24 April 1957, and was last amended by notarial deed No.
27 dated 30 March 2011, made before the P. Sutrisno A. Tampubolon, SH, M.Kn a notary in Jakarta
and No. 12 dated 12 October 2011, made before Fathiah Helmi SH, a notary in Jakarta.


Financial Review
On 8 December 1989, with license from Minister of Finance No SI-066/SHM/MK.10/1989 dated

24 October 1989, Danamon conducted an Initial Public Offering (IPO) of 12,000,000 shares with par
value of Rp1,000 per share (full amount). The shares were listed at Jakarta Stock Exchange (now
Indonesia Stock Exchange (IDX) after its merger with Surabaya Stock Exchange) on 8 December
1989. Subsequently, the Bank has increased its listed shares through bonus shares, Limited Public
Offerings with Preemptive Rights (Rights Issue) I, II , III , IV and V, and through Employee/Management
Stock Option Program (E/MS OP).

Following is summary of Danamons correspondence with Bapepam-LK regarding the effectivenes
of Rights Issue with Preempetive Rights:

Effective Letters from Bapepam-LK
Rights Issue I No. S-2196/PM/1993 dated 24 December 1993
Rights Issue II No. S-608/PM/1996 dated 29 April 1996
Rights Issue III No. S-429/PM/1999 dated 29 March 1999
Rights Issue IV No. S-2093/BL/2009 dated 20 March 2009
Rights Issue V No. S-9534/BL/2011 dated 24 August 2011
Capital Planning
Pursuant to the BI Regulation No. 14/18/PBI/2012 dated November 28, 2012 regarding Minimum
Capital Adequacy Requirement For Commercial Bank and BI Circular Letter No. 14/37/DPNP dated
December 27, 2012, Concerning the Minimum Capital Requirement based on Risk Profile and
fulfilment of Capital Equivalency Maintained Assets, Danamon is required to have a minimum CAR
calculated based on risk profile and to conduct Internal Capital Adequacy Assessment Process
(ICAAP).
The assessment results show that Danamon is able to comply with the minimum CAR based on
risk profile, for the Bank as well as for the consolidated. Based on the internal capital adequacy
assessment process (ICAAP), Danamon will have the availability of financial resources to meet the
capital needs of both Pillar 1 and Pillar 2 for the next three years.
In addition to these provisions, in order to strengthen the resilience of banking industry against the
backdrop of unfavourable economic situation, on December 12, 2013, BI issued PBI 15/12/PBI
regarding Mandatory Minimum Capital Requirements for Commercial Banks, requiring banks to
have additional capital as buffer, applicable gradually began January 1, 2016 until January 1, 2019.
The said regulation also set the adjustment of component of capital and increase the minimum ratio
of core capital (Tier 1) of 5% to 6%, effective from January 1, 2014.
Danamon supports policies issued by BI and seeks to prepare itself to meet the newly issued
provisions in order to realize a sustainable business growth. Danamon will always strive to fulfill all
the provisions related to capital to support its business growth, both Danamon as an entity, as well
as at the consolidated level.

CAPITAL INVESTMENT
In 2014 there was no realization of capital investment.

MATERIAL COMMITMENTS FOR CAPITAL EXPENDITURES
In 2014, Danamon had no material commitments for capital expenditures. Commitments to capital
expenditures were only associated with purchases relating to development of infrastructure and
supporting facilities of lands and constructions of new branch offices, or branch office renovation as
well as vehicle purchase. The commitments were not exclusive commitments, but were done under
common agreements between producers and/or distributors with customers, which in this context
is represented by Danamon.
CAPITAL EXPENDITURE
Capital Expenditure Full Year
Rp million YoY 2014 2013 2012 2011 2010
Land 711% 148,519 18,303 3,456 256 4,338
Buildings 183% 98,655 34,833 23,632 19,393 9,275
Office Equipment -27% 204,570 281,921 369,751 335,960 293,310
Motor Vehicle -39% 175,305 288,532 244,956 232,782 320,285
Contruction in Progress -46% 100,102 184,101 *)
115,013 12,529 5,278
Total -10% 727,150 807,690 756,808 600,920 632,486
Note: *) Reclassification from other assets to construction in progress
In 2014, Danamons capital expenditure decreased by 10% to Rp727,150 million due to significant
decrease of 46% in construction in progress from Rp184,101 million in 2013 to Rp100,103 after
reclassification from other assets to assets in progress in 2014. During the same year, Danamon and its
subsidiaries purchased fixed assets comprising that may impact the overall performance of
lands and buildings thus investments on both Danamon.
asset categories rose by 711% and 183%,
respectively. Expenditure for office equipment In 2014, Bank Indonesia made several revisions
decreased to 27% or Rp204,570 millions, on the benchmark interest rate (BI Rate) from
while expenditure for motor vehicles to support 7.5% to 7.75%. Danamon has conducted
operational activities, especially the activities analysis on the impact of changes on interest
of field employees, decreased significantly by rate through periodic sensitivity analysis to
39% to Rp175,305 millions. measure the impact of such changes.

The sensitivity analysis on increase or decrease
IMPACT OF CHANGES ON INTEREST
of interest rate was done with assumption on
RATES, CURRENCY VALUES, AND
interest rate gap from the earnings perspective,
REGULATIONS TO DANAMONS
as well as through economic value perspective.
PERFORMANCE
Assumptions and scenarios have also been
Impact on Changes on Interest Rates
included on such calculations both under
In conducting its business activities, Danamon
normal and stress conditions.
actively monitors the external conditions


Financial Review
Based on the measurement, the Bank Banks overall FX position due to internal policy
and its subsidiaries capacity are sound to to limit the Net Foreign Exchange Position that
anticipate the impact of changes on interest is well below 20%, or the maximum threshold
rate to Danamons overall performance. The established by the regulator.
strategies on managing the risks of interest
rates at the banking book can be managed In terms of credit risks, the Bank and its
accordingly. subsidiaries performed sensitivity analysis/
stress test against the credit portfolion
In terms of credit risks, the Bank and its presented in foreign currencies in order to learn
subsidiaries have also performed sensitivity/ the impact against foreign exchange volatility.
stress test to learn about the overall impacts Active monitoring have been imposed on credit
of the rise of interest rates against the credit portfolios presented on foreign currencies.
portfolio. The Bank and its subsidiaries also
monitor the credit portfolio continuously in Impact of Regulations
order to anticipate the impacts of the rising By the end of 2014, Financial Services Authority
interest rates. (FSA) has issued several FSA regulations
related to Banking Industries, in which some
Impact of Changes on Currency Value of those regulations include The Application
Increased volatility of the Rupiah value to foreign of Integrated Risk Management for Financial
currencies (foreign exchange), especially to Conglomerates, Asset Quality for Syariah-
USD, in 2014 has been anticipated by Danamon based Banks and Syariah Business Units, The
through sensitivity analysis. Management of Financing Institutions and so
forth. Several adjustments have and will be
The risk control mechanism comes with implemented on the Bank and its subsidiaries
market risk measurement which is sensitive to with regard to such FSA regulations, however,
changes in the exchange rate, supported by in general it shall not significantly affect the
market risk control process that has performed overall performance of Danamon.
well in Danamon. The measurement of internal
parameters and regulatory requirements is Effective February 1, 2014, FSA Circular
monitored periodically, both in the banking Letter No. SE-06/D.05/2013 on Stipulation of
book and the trading book positions. Premium Tariff and Provision on Acquisition
Costs of Vehicle and Property Insurance, has
Danamons risk management instruments, been officially enacted. The said regulations
combined with risk-sensitive measurement has impacted Danamons subsidiary (PT Adira
of market risk and robust market risk control Multi Finance Tbk), engaged in financing
processes, have delivered positive impact on business, due to changes in the recording of
the performance of Treasury, especially FX commission, which conducted not in the same
portfolio, despite the volatility of Rupiah value. time. Given its considerably large contribution
Meanwhile, significant Rupiah depreciation to Danamons total revenue, the new regulation
against USD in 2014 had little impact on the also impacted the Banks Comprehensive
Income.


INFORMATION ON MATERIAL Analysis on 2014 Target and Realization

INCREASE OR DECREASE FROM NET Net Interest Income in 2014 is Rp13,677
SALES/ INCOME billion which exceeds the 2014 target of
Throughout 2014, Danamons entire Rp13,652 billions.
transactions were fair transactions. Increase During 2014, the realization of Non-Interest
and decrease on return of all transactions Income achieved 93.7% of 2014 target
were common results of business endeavors which is Rp4,225 billions.
and were not the impacts of extraordinary During the same year, realization of
circumstances that led to significant increase operating expense was slightly lower than
and/or decrease of return excluding the 2014 target with a 98.6% of achievement.
following, there was a non recurring expense Realization of allowance for losses exceeds
from Danamon restructuring activity in 2014. the 105.8% target set at the beginning of
the year.
At the end of 2014, realization of total assets
INFORMATION ON COMPARISON achieved 96.3% from the target established
OF TARGETS ESTABLISHED AT THE at the onset of the year of Rp203,265
START OF FINANCIAL YEAR AND THE billions.
REALIZATION Realization of consolidated CAR exceeds
Comparison of 2014 Targets Realization in the 104.6% target set at the beginning of
2014 the year.

Profit and Loss Statement MATERIAL INFORMATION AND FACTS
FY14 FY14 SUBSEQUENT TO THE DATE OF
Rp billion (Realization) (Targets)
AUDITORS REPORT
Net Interest Income 13,677 13,652 In early January 2015, Danamon has submitted
Non Interest Income 3,959 4,225 notice to the Financial Services Authority (FSA)
Operating Expense (9,821) (9,961) regarding the plan to hold Extraordinary General
Allowance for Losses (3,798) (3,589) Meeting of the Shareholders (EGM) on February
27, 2015, with the agenda of the amendment
of Articles of Association, on the change in
Balance Sheet and CAR
the nomenclature of the post of Vice President
Rp billion FY14 FY14
(Realization) (Targets) Director and change in the composition of the
Total Assets 195,709 203,265 Board of Directors relating to the nomination
Sng Seow Wah as President Director replacing
Loans* 138,544 148,315
Henry Ho Hon Cheong who will retire, and
Total Funding 118,325 122,987
Muliadi Rahardja as Vice President Director.
Consolidated CAR 17.86% 17.07%
The nomination of Sng Seow Wah and Muliadi
* Loans excluding interest receivables
Rahardja have been approved received by the
Financial Services Authority, respectively, on
November 20 and December 12, 2014.

Financial Review
BUSINESS PROSPECT These are opportunities and challenges that

The Indonesian economic growth in 2014 will be confronted by the Indonesia banking
took place at a slower pace than the earlier industry. For strengthening its business
year, there is however optimism that the structures for confronting challenges and
economic performance will improve in 2015. opportunities in the coming years, Danamon
Bank Indonesia has estimated that Indonesian has prepared several strategies, which some of
economic growth will be attained at the level them are as follows;
between 5.4%-5.8%, while Danamon Bank
expects that the 2015 economic growth will STRATEGIC FOCUS:
reach at least 5.3%. We have identified a number of initiatives to
improve the companys profitability and ensure
Externally, the challenges confronted by sustainable business growth. The initiatives are
Indonesian economy in 2015 will likely be as follows:
similar with the global conditions in 2014,
which are; continuing softening pace of growth I.MICRO BUSINESS WITH NEW TARGET
in the main destination countries of Indonesian OPERATING MODEL
export commodities, and uncertainty over Through impementation of the following
normalization of US monetary policies. policies:
Nevertheless, the US economic recovery will a) Focus on increasing efficiency and
likely continue and its upward momentum will productivity by remodeling the business
support improvement in Indonesian export. operations of Danamons micro lending
Inded, export performance has shown signs unit, Danamon Simpan Pinjam (DSP).
of improvement in the last quarter of 2014, b) Implement a new Target Operating Model,
as indicated by the increase in manufacturing which is more focus on customers as
exports and the recovery of mineral exports. opposed to products.
c) Automation for manual processes, such as
In the domestic side, household consumption document administration and especially in
will remain strong as inflationary pressures from disbursing loans.
subsidized fuel prices has receded. The main
factor for improvement in Indonesia economic II.SYNERGY BETWEEN ADIRA FINANCE
growth however, is the election of a reformist AND ADIRA KREDIT
president who has shown strong commitment to Through impementation of the following
accelerate Indonesian economic development policies.
through several policies, among other; a) The synergy between two of Danamons
prioritize infrastructure development (including financing subsidiaries, PT Adira Dinamika
maritime infrastructures), greater efficiency Multi Finance (Adira Finance) and PT Adira
on government budget and bureaucracy, and Quantum Multi Finance (Adira Kredit) is
improvement in licencing process for capital implemented to leverage on Adira Finances
investment. extensive network and its experience as the
leading multifinance company.

b) As for efficiency, it is implemented within One type of activities of Indirect Marketing is the
Adira Kredit operations through integration continuous improvement of customer services
of business and operational network with performed by Danamon. In 2014, among these
Adira Finance. activities are as follows;
Improving and adding the features offered
on several service channels, such as;
III.CENTRALIZED FINANCE AND
features on Danamon ATM services,
HUMAN RESOURCE FUNCTION
features on Mobile Banking applications,
THROUGH SHARED SERVICE
and D-Mobile smartphone application
Through the implementation of the shared
which was launched in 2014
service model, finance and human resources
Simplifying various processes needed by a
functions that are spread in Danamons lines
customer to obtain a Danamon service.
of businesses will be combined into the head
Centralizing various processes conducted
offices finance and human resource function.
on Danamon service network.

Improving the human resources
IV.ENTERPRISE DATA WAREHOUSE
capacity.
Implement an enterprise data warehouse
(EDW) application that would integrate data
With its leading products and services, until
from IT and IT functions in lines of business.
end of 2014 Danamon services is accessible to

customers through 2,349 branches (including
MARKETING ASPECTS
DSP, Syariah and Adira branches), and almost
Danamon is implementing astute marketing
60,000 ATM units, which includes partnership
strategy by continuously improve its financial
with ATM Bersama and ALTO, located in 33
services in order to increase and maintain
provinces across Indonesia, and through its
its customers. To support business growth,
electronic and online service channels
Danamon has formulated Direct Marketing
and Indirect Marketing strategies to build solid
In 2014, Danamon actively implemented
funding and healthy lending by expanding
marketing initiative that related directly to
information technology-based services, focus
customers, namely advertisement campaign.
on leading products as well as create positive
Danamons list of advertisement campaign
transation experience for customers.
throughout 2014 is available in the Marketing
Strategy section of this Report.
Direct Marketing is our marketing actitivies
which possess measureable performances
in terms of targets of banking performances,
such as the increase in outstanding loans. In
general, the activities of Direct Marketing are
performed by each Danamons business line
and addressing its own market segment. As
for Indirect Marketing activities, they can not
be evaluated in terms of a banks quantitative
performance, but they can be performed the
head office or parent company addressing all
market and business segments.

Financial Review
DIVIDEND POLICY AND Danamon complies with long-term borrowing

APPROPRIATION OF NET INCOME agreements on restrictions on dividend payout.
Danamons dividend policy has been approved Danamon also ensures that the policy is in
by the Board of Commissioners, Board of line with restriction of dividend payout as
Directors, and shareholders. To establish stipulated in Danamons long-term borrowing
dividend policy, Danamon implements certain agreements. The decision also takes into
procedure based on its organizational structure, account capital planning management, income
where the Board of Directors proposes the growth projection, and market condition.
dividend to President Director. The proposal
is made based on Danamons performance Danamon continues to distribute dividends to
within a certain period. shareholders with dividend payout ratio, date
of payout and general and mandatory reserve
The proposal is presented before the Annual for 2009-2013 period as indicated in the table
General Meeting of Shareholders (AGMS) for below.
approval, taking into account the amount of
retained earnings. AGMS also deliberates on Following the resolution of AGMS held on 7
the time and method of dividend payout in May 2014, Danamons dividend payout ratio for
accordance with regulation from Indonesia financial year ended in 2013 was 30% from the
Stock Exchange (IDX), including the recording net income, or amounted to Rp1,212 billion or
date when shareholders are entitled to Rp126.5 (full amount) per Series A and Series B
dividends or to authorize the Board of Directors share and general and legal reserve amounting
to do so. Rp40.417 billion has been formed.
With approval obtained from the meeting of Based on the List of Shareholders dated June
Board of Directors and AGMS, Danamon may 4, 2014 which is the date of registration of the
distribute interim dividend before the end of the list of shareholders entitled to the dividend,
fiscal year. the number of shares outstanding on June 4,
2014 is 9.584.643.365 shares, accordingly the
In addition, AGMS also has the authority dividend per share to be distributed on June
to determine appropriation of net income 18, 2014 amounted to Rp126,50 (full amount )
(including for dividends and general and legal per share of series A and series B or the amount
reserves); remuneration of Board of Directors of cash dividends is Rp.1.212.457 .
and Board of Commissioners (salaries and
bonuses); appointment of public accountant; General and Legal Reserve
and approval of financial statements. On December 31, 2014 , the Bank has
Before 2008, bonuses were included in the established a general and legal reserve
appropriation of net income. and mandatory of Rp276.578 million (2013:
Rp236.161 million). General and legal reserve
Aside from approval of AGMS, dividend policy was is formed in accordance to the Law of the
shall also consider prevailing regulations, such Republic of Indonesia No. 1/1995 which has
as long and short-term capital requirements been replaced by Act No. 40/2007 effective
and Danamons projections of income growth 16 August 2007 regarding Limited Liability
and market condition. Company, which requires companies to

establish provision for general reserve amounting to at least 20 % of the issued and fully paid
capital. The law does not set the duration of which to establish such reserves.
APPROPRIATION OF NET INCOME

Dividend per
Total General &
Share for Cash
Dividend Legal
Profit % Net Series A and Dividend
AGMS Date Payment Reserves
Year Profit Series B Payment
(Rp (Rp
(Rp Date
million) million)
full amount)
2013 7 May 2014 30% 126,50 1.212.457 18 June 2014 40.417
2012 10 May 2013 30% 125,58 1.203.640 19 June 2013 40.118
2011 27 March 2012 30% 104,43 1.000.924 08 May 2012 33,363
2010 30 March 2011 35% 119,87 1.009.197 10 May 2011 28,836
2009 29 April 2010 50% 91,12 766,3 10 June 2010 15,324

EMPLOYEE SHARE OWNERSHIP PROGRAM/ ESOP/MSOP)
Danamon provides a Long-Term Compensation Program to Directors and Employees of the Bank
and its Subsidiaries who meet the determined criteria. This program is part of the Banks and
its Subsidiaries compensation strategy aimed to relate overall performance of the Bank and its
Subsidiaries to the compensation received by the employees and Directors as well as to ensure
continuous growth of the Bank and its Subsidiaries.
This program consists of cash and shares, wherein employees who meet the criteria will receive cash
of pre-determined amount to be used to purchase Bank shares. The shares are purchased under
each employees name and to be retained and under the custody of an independent custodian. The
shares will be handed over after retention period of 3 (three) or 6 (six) years. The date for providing
compensation under this program is 1 July 2010.
INFORMATION ON PROCEEDS OF PUBLIC OFFERING

In 2014, Danamon as holding entity did not conduct any public offerings for bonds or rights issue.
In 2014, the Banks subsidiary, Adira Finance, held public offerings for three bonds issuance
amounting to Rp3.136 billion.
Two times fixed-rate bonds issuance, namely Continuous Bonds II phase I and II.
Sukuk Mudharabah I phase II.
The total proceeds from the three issuances was Rp3.125 billion. All the proceeds from bonds
issuance were utilized for Adira Finances automotive financing activities.

Financial Review
MATERIAL INFORMATION ON INVESTMENT, EXPANSION, DIVESTMENT, BUSINESS

MERGER/AMALGAMATION, ACQUISITION, OR RESTRUCTURING OF DEBTS/
CAPITAL
On 25 February 2003, the Government of Indonesia launched a reprofiling program of Government
Bonds by withdrawing and declaring settlement of certain Government Bonds. The Ministry
of Finance of the Republic of Indonesia issued new Government Bonds to replace the settled
Government Bonds.

Under this program, the Banks Government Bonds amounting to Rp7,800 billion (nominalvalue)
with original maturity between 2007 2009 were withdrawn and replaced by new Government
Bonds, with the same type and nominal amount and maturity between 2014 - 2015. The outstanding
balance of government bonds from reprofiling program as at 31 December 2013 and 2012 amounted
to Rp2,935 billion (nominal value).
MATERIAL INFORMATION ON TRANSACTION WITH CONFLICT OF INTERESTS AND/

OR TRANSACTION WITH RELATED PARTIES
Conflict of Interest
There was no conflict of interests transactions with related parties for the financial year ending
December 31, 2014. Conflict of Interest transactions are regulated by the internal policy on Affiliated
transaction, Affiliated Parties and Conflict of Interests which is detailed in the Danamons GCG
report and part of this annual report.
Transactions with Related Parties

In its business activities, Danamon performs transactions with related parties, which do not involve
conflict of interest. All transactions with related parties were conducted on a fair basis and on
normal commercial terms, as other transactions performed with non-related parties. The nature of
relationship and transactions between Danamon and related parties are presented in the following:

RELATED PARTIES
Nature of Nature of Realized
No. Related parties
relationship transaction Transactions 1)
1 Standard Chartered Owned by the same Fund replacements 254,615

Bank PLC ultimate shareholder
2 Standard Chartered Bank Owned by the same Fund replacements 270,903
ultimate shareholder
3 PT Bank Permata Tbk Owned by the same Fund replacements 53,267
ultimate shareholder and insurance
agreement
4 Development Bank of Owned by the same Fund replacements 31,302
Singapore ultimate shareholder and insurance
agreement
5 PT Bank DBS Indonesia Owned by the same Fund received from 2,096
ultimate shareholder customer
6 Commissioners, Management and key Fund replacements, 464,565
Directors, and key management personnel remuneration
management personnel and fund received
from customer
Total 1,076,748
1) Prior to Allowance for Impairment Losses.
198
PT Bank Danamon Indonesia, Tbk. 2014 Annual Report
CHANGES OF REGULATIONS WITH SIGNIFICANT IMPACTS ON THE COMPANY

REGULATION CHANGES
New Banking Regulations issued by Bank Indonesia Effective in 2014
Impact on
Regulation Description
Danamon
Regulation on Consumer This Bank Indonesia Regulation (PBI) was issued to complement regulations on consumer protection of Alignment of various
Protection of Payment payment system services. The regulation is based on the principles of: Danamons legal
System Services in 1. Fairness and competency; documents and
Indonesia: 2. transparency; internal policies
Bank Indonesia 3. protection of data and/or consumer information; and
Regulation No.16/1/ 4. effective handling and settlement of customer complaint.
PBI dated January
16, 2014 concerning This Bank Indonesia Regulation (PBI) stipulates rights, obligations, and prohitions for the Implementer in
Consumer Protection conducting Payment System activities.
of Payment System
Services Consumers can convey complaints to the implementer and Bank Indonesia as long as they meet the
Bank Indonesia Circular requirements. Additionally, the Implementer is required to provide reports on treatment and settlements of
Letter No. 16/16/ consumer complaints to Bank Indonesia according to the relevant requirements.
DKSP dated September
30 2014 concerning This Bank Indonesia Regulation (PBI) came into effect on Januari 16, 2014.
Procedure for the
Implementation of Major provisions on the Bank Indonesia Circular Letter (SE BI) are:
Consumer Protection 1. The implementers are required to:
of Payment System a. Implement consumer protections that meet the principles in the PBI provisions.
Services in Indonesia b. Conduction publications on the means of complaints.
c. Displaying written announcements/information in the office sites of the Implementer on the procedures
of consumer complaints of the payment system services.
d. Informing the existence of work units or functions which conducts the handling and settlements of
consumer complaint.
e. Accepting, handling and providing settlement for every complaint of Consumer and/or Consumer
Representative related to the activities of Payment System services.
f. Possessing written documents on mechanism and procedures for handling consumer cmplaints.
2. Procedures for imposition of sanctions.
3. Procedures for conveying complaints to and correspondence with Bank Indonesia.
This Bank Indonesia Circular Letter came into effect on September 30, 2014.
Financial Service Authority The Circular Letter (SE) of OJK regulates the mechanims of Services and the Settlement of Complaints from Danamon has made
(OJK) Circular Letter No. Consumers of Financial Services Businesses (PUJK). improvements on
2/SEOJK.07/2014 dated PUJK are mandated to: procedures, policies
February 14, 2014 on 1. In possession of procedures for services and settlements of complaints. and the adequacy of
Services and the Settlement 2. Provide services and settlements of complaints. documents.
of Complaints from 3. Prohibited to collect fees on services and settlements of complaints.
Consumers of Financial 4. Administer services and settlements of complaints.
Services Businesses. 5. Provide the status of Customer complaint.
Additionally, the SE OJK regulates the complaint settlements in terms of; delivering statements of apology,
offering redress/remedy to the Consumer, procedures of complaint settlements through Alternative Dispute
Resolution (ADR) institutions recognized by OJK.
The OJK Circular Letter came into force on August 6, 2014.
The regulation on The Regulations regulate OJK levy collection from financial service sector, including the Bank Danamon has made
Collection of Levy charged Types of OJK Levies: payment to the OJK
by Financial Service a. Licensing cost, approval cost, registration cost, validation cost, and corporate action plan reviews or in accordance with
Authority (OJK): registration cost. the Regulations.
1. Government Regulation b. Annual fee for regulaton, supervision, inspection and research.
No.11/2014 dated c. Administrative sanctions in the form of fine.
February 12, 2014
2. OJK Regulation No 3/ The payment of annual fees began on February 12, 2014. The annual fee. The annual fee must be paid in 4
POJK.02/2014 dated phases, each payment amounting to 25% of total annual fees.
April 1, 2014 The percentage of annual fees determined by OJK for Commercial Banks is 0.045% of total assets. For
3. OJK Circular Letter No. 2014, the collection of payment was applied at 2/3 of OJK rates (applicable to all reates).
4/SEOJK.02/2014
dated April 1, 2014 on In the case of payment failure of obligatory annual fees by a Bank until the limits as stipulated, OJK will issue
Mechanism of OJK Levy a Warning Letter (in two stages), and impose penalty amounting to 2%-48%.
Payment.
OJK Levy Administration System (SIPO), is the system used to receive, and administer OJK Levies in
transparent and accountable manner. Therefore, the Bank is obligated to register at SIPO.

Financial Review
Impact on
Danamon
OJK Circular Letter No. Financial Literacy is a series of processes or activities to improve the knowledge, trust and skills of consumers Danamon has
1/SEOJK.07/2014 and the public at large, enabling them to better manage their finance. conducted activities
dated February 14, 2014 of financial literacy
concerning Implementation The objectives of improving Financial Literacy consist of two parts: in the regions
of Education to Improve 1. Improving a persons literacy from less literate or not literate to become well literate; and according to the
Financial Literacy of 2. Raising the number of users of financial products and services. schedule set by the
Consumers and/or the OJK.
Public. The Bank, as one Financial Services Businesses (PUJK) has the obligation of organize educations for
improving Financial Literacy of Consumers and/or the Public, according to the principles of Inclusive,
Systematic and Measurable, Ease of Access, and Colaboration.
The Bank is obligated to provide education plan for the first time at the latest on August 31, 2014, which
includes the implementation of education from January 1, 2014 to December 31, 2014.
The OJK Circular Letter came into effect on August 6, 2014.
Regulation of Financial The Financaial Services Authority performs a semiannual assessment on the levels of Bank Soundness for The Bank has
Services Authority No. 8/ the position of months ending on June and December and performs updates anytime on a necessity basis. submitted the Report
POJK.03/2014 dated on The Bank is also required to perform self-assessment which shall be performed at the latest every six month on Syariah Business
11 June 2014 on Levels for the months ending on June and December and shall perform updates anytime on a necessity basis. Unit Soundness Level
of Bank Soundness for In case of discrepancies between the assessment results on the Level of Bank Soundness performed by based on the Risk
Syariah Commercial Bank the Financial Services Authority and the results of self-assessment, then the Financial Services Authority is Profile of the Syariah
and Syariah Business Unit required to conduct prudential meeting with the respective bank. In case the discrepancies remain, then Business Unit in
the the assessment results of the Financial Services Authority shall be used as the reference. accordance with the
Syariah-based Commercial Bank shall perform a Level of Bank Soundness on an individual as well as regulation.
consolidated manners in which the scopes of the assessment shall include the following factors: Risk
Profile, Good Corporate Governance, Earning, and Capital. As for Syariah Business Unit the scope shall
include the Risk Profile only.
Composite Ranking for Bank Soundness Level is categorized as follow:
Composite Rank 1 (PK-1): Bank which is categorized as having superior soundness
Composite Rank 2 (PK-2): Bank which is categorized as sound
Composite Rank 3 (PK-3): Bank which is categorized as performing
Composite Rank 4 (PK-4): Bank which is categorized as below peer group
Composite Rank 5 (PK-5): Bank which is categorized as lowest rated
Bank is required to submit an action plan at the latest 10 business days following the deadline and/
or 10 business days after the months end and shall be performed on a monthly basis in the event of
significant issues which will disrupt the completion of the action plan on a timely fashion.
Bank deemed as having violated the regulation shall be subjected to administrative penalty in the form of:
Written Warning
Demoting Bank Soundness Level
Freezing certain business activities; and/or
Listing the Bank Management and/or Shareholders in the list of parties failing the fit and proper test.
The effective date of this Financial Services Authority is 1 July 2014 for the assessment of Bank Soundness
Level for the position of month end of June 2014.
Cicular Letter of Financial This Circular Letter of Financial Services Authority is issued in order to regulate the transparency of Danamon has
Services Authority No. information presentation to the general public in conjunction with product marketing and/or financial refined its policies,
12/ SEOJK.07/2014 services. procedures, and
pertaining to the provide complete
Presentation of Information The conditions stipulated on this circular letter comprise the following points: documents in order
in conjunction with Product 1. Financial Services Provider is entitled to ensure the good will of the consumers and obtain accurate, to comply with this
Marketing or Financial transparent, clear, and truthful information and/or documents. regulation
Services 2. Financial Services Provider is required to supply and/or present information on a product/ services in an
accurate, honest, clear, and truthful manners based on a comprehensive information with regard to the
benefit, costs, and risks.
3. Financial Services Provider is required to provide easily accessible means of communication media for the
consumers and/or general public and constantly updates such means of communication.
4. Financial Services Provider is responsible to the Consumer for any action conducted by a third party
acting on behalf of the interest of Financial Services Provider.
The effective date of this Circular Letter of the Financial Services Authority is 6 August 2014.

Impact on
Danamon
This Circular Letter of This regulation of Financial Services Authority contains the conditions of implementation guidance to adjust Alignment of
the Financial Services the clauses on Standard Agreement as a Protection of Consumers in the Sector of Financial Services. documents with
Authority No. 13/ standardised clauses
SEOJK.07/2014 dated The points of this Regulation of Financial Services include the following:
on 20 August 2014 on 1. Financial Services Providers are required to meet the balance, fairness, and decency in preparing an
Standard Agreement agreement with Consumers.
2. The following clauses on a Standard Agreement may not contain the following items:
Exoneration/exemption clauses in which the content add the rights and/or reduce the obligations of
Financial Services Provider, or reduce the rights and/or add the obligations of Consumers.
Mistreating a condition which is a condition in a Standard Agreement which holds an indication of
mistreating a condition.
3. Standard Agreement which contains rights and obligations of Consumers which legally bind the Consumer
shall use highly legible typeface, writing, symbols, diagrams, marks, terminologies, and phrases, and/or
simple statement in Bahasa Indonesia which is easily understandable by the Consumers.
4. In case of the effectivenes of the Circular Letter of the Financial Services Authority, where Financial
Services Provider make adjustments to the clauses in the Standard Agreement as stipulated in Article 54 of
the Regulation of the Financial Services Authority No. 1/POJK.7/2013 on Protection of Financial Services
Consumers, therefore the Financial Services Provider shall notify the Consumer.
The effective date of this regulation is 20 August 2014.
Regulation of Financial This regulation contains conditions made in order to create a sound Syariah banking system which is capable Adjustment to
Services Authority No. to develop by improving the quality and quantity of the capital. minimum capital of
21/POJK.03/2014 UUS in line with the
on Minimum Capital The conditions of minimum capital adequacy requirement for Syariah commercial banking are as follow: required minimum
Adequacy Requirement for 1. 8% of Risk Weighted Assets (RWA) for Banks with Rank 1 Risk Profiles. capital
Syariah Commercial Bank 2. 9% and up to less than 10% of RWA for Banks with Rank 2 Risk Profiles.
3. 10% and up to less than 11% of RWA for Banks with Rank 3 Risk Profiles.
4. 11% and up to 14% of RWA for Banks with Rank 4 or 5 Risk Profiles.
It is mandatory for Syariah Commercial Bank to build up additional capital as a buffer in the forms of:
a. Capital Conservation Buffer, is set forth at 2.5% of the RWA for Banks categorized as BUKU 3 and BUKU
4. The implementation process is carried out gradually starting from 1 January 2016 and up to 1 January
2019.
b. Countercyclical Buffer, is set forth at a maximum of 2.5% of the RWA for all Bank categories. This buffer
starts at 1 January 2016.
c. Capital Surcharge, is set forth in a range of 1%-2.5% of the RWA for Banks classified as potentially may
trigger a systemic impact.
In terms of capital assessment, it is mandatory for Syariah Commercial Bank to calculate the RWA which
includes the RWA for Credit Risk, Operational Risk, and Market Risk.
RWA Assessment Methods:
TYPES OF APPROACHES
RWA
Credit 1. Standardized Approach.

2. Internal Rating-based Approach
Operational 1. Basic Indicator Approach.

2. Standardized Approach.
3. Advanced Measurement Approach
Market 1. Standard Method.

2. Internal Model
The effective date of this Financial Services Authority regulation is 1 January 2015.

Financial Review
Impact on
Danamon
Regulation of Financial Syariah Commercial Bank and Syariah Business Unit are under obligation to conduct an assessment on the Bank performs
Services Authority No. quality of Productive and Non-Productive Assets on a monthly basis. Additionally the Bank is required to changes on policies,
16/ POJK.03/2014 establish the lowest quality over several of the Productive Asset accounts used to finance 1 (one) customer at procedures/Syariah
on the Assessement of 1 (one) Bank with an equal quality including those of joint/syndicated financing. assets quality
Asset Quality of Syariah assessment method
Commercial Bank and The assessment of Productive Asset quality in the form of Financing and is based on the following factors: based on this
Syariah Business Unit a. Business Prospect. regulation
b. Customer Performance.
c. Ability to Repay.
The quality of Productive Assets in the form of investment at Bank Indonesia and with the Government of
Indonesia, based on the Syariah principles, have been classified as Pass.
The Bank is under obligation to form Allowance for Uncollectible Account Receivables, in which such
calculation shall include the conditions over the collateral. Additionally, the Bank is also required to consider
the assessment results of Allowance for Uncollectible Account Receivables over Non-Productive Assets.
The quality of Productive Assets in the form of Financing has been set
forth as follow:
Quality Percentage of Allowance for

Uncollectible Account Receivables
Pass Min 1%
Special Mention Min 5%
Substandard Min 15%
Doubtful Min 50%
Loss Min 100%
Additionally, the Bank is required to form an Impairment of Assets. The effect of Allowance for Uncollectible
Account Receivables over the ratio of Minimum Capital Adequacy Requirements are as follow:
a. Mandatory Allowance for Uncollectible Account Receivables > Impairment of Assets, then the Bank shall
consider the discrepancies on the calculation of Allowance for Uncollectible Account Receivables and
Impairment of Assets as capital deduction in the calculation of Minimum Capital Adequacy Requirements.
b. Mandatory Allowance for Uncollectible Account Receivables Impairment of Assets, then the Bank is
not required to calculate the excess of Allowance for Uncollectible Account Receivables in the ratio of
Minimum Capital Adequacy Requirement.
This regulation also stipulates the conditions of financial restructuring and report on financial restructuring.
A bank is required to keep written policies and procedures with regard to haircut and write-off. One of the
condition of haircut and write-off is that it is applicable only for Productive Assets supported by a 100% of
Impairment of Assets and the quality has been classified as loss.
The effective date of this Financial Services Authority Regulation is 1 January 2015.
FSA/OJK regulation No Financial conglomerate is an organization of Financial Services (LJK) under a single group due to related Adjustments to
17/POJK.03/2014 dated ownership, management and control. the Corporate
18 November 2014 Governance and
regarding implementation Financial conglomerate covers financial services of banks, insurance and reinsurance companies, securities Integrated Risk
of integrated risk and finance companies .In addition, the regulation sets out: Management
management for financial 1. Structure of the financial conglomerate structures and
conglomerate 2. Scope of integrated risk management and risks that must be managed infrastructures
3. Supervision of Directors and commissioners of the primary entity
4. Formulation of policies, procedures and limits of integrated risk management Appointment of
5. Obligations of the primary entity to submit financial services report to the FSA OJK Main entity and
6. Sanctions on financial conglomerates violating the provisions of this regulation members of the
Conglomeration
The Financial Services Authority regulations is effective on November 18 , 2014.
FSA/OJK regulation No This Regulation promotes financial system stability to grow in a sustainable manner, so as to increase Adjustments to
18/POJK.03/2014 dated the competitiveness at the national level. Financial conglomerates are required to implement integrated, the Corporate
18 November 2014 comprehensive and effective governance. Moreover, the regulates governs: Governance and
regarding implementation 1. Candidates of Board of Directors, Commissioners, Syariah Supervisory Board of the primary entity in the Integrated Risk
of financial conglomerate financial conglomerate. Management
good corporate 2. Duties and responsibilities of the primary entity Board of Directors, Commissioners, Syariah Supervisory structures and
governance Board of a financial conglomerate. infrastructures
3. Composition of integrated governance committee
4. Obligation to have an independent and Integrated Compliance unit Appointment of
5. Obligation to implement an integrated risk management Main entity and
6. Integrated Governance Guidelines members of the
7. Obligation of primary entity to report on LJK to FSA/OJK. Conglomeration
8. Sanctions for financial conglomerates for violation to the FSA/OJK regulation.
The Financial Services Authority regulations is effective November 18, 2014.

Impact on
Danamon
FSA/OJK regulation No This Regulation is made with reference to the need for improving the implementation of the principles of Alignment of the
32/ POJK.04/2014 good corporate governance to better protect the rights of shareholders in administering the General Meeting implementation
dated 8 Desember 2014 of Shareholders. The provisions of planning and implementing General Meeting of Shareholders of public and mechanism
regarding the management companies require alignment with capital market industry needs for a good corporate governance . of Shareholders
of public companies meeting.
General Meeting of Principal - principal FSA regulations regarding the AGM are :
Shareholders 1. The procedure for the implementation of the GMS ;
2. The rights of shareholders and other parties in the presence of GMS ;
3. Decisions , Decisions Quorum Quorum presence and GMS ;
4. Terms treatise AGM and summary minutes of the AGM .
This regulation is effective 8 December 2014
FSA/OJK regulation No This regulation is made to enhance the implementation of good corporate governance principles for public Adjustments to
33/ POJK.04/2014 dated companies with reference to the duties and responsibilities of Board of Directors and Commisssioners. the Board of
December 2014 regarding Commissioners and
Board of Directors and The key items of the regulation set by FSA/OJK on the Board of Directors and Commissioners are: Board of Directors
Commissiners of public Board of Directors and Commissioners membership charters
companies Duties, responsibilities and authorities of the Baord of Directors and Commissioners
Provision of Board of Directors and Commissioners meetings
Provision of guidelines and code of ethics formulated by the Board of Directors and Commissioners
FSA/OJK regulation No The Nomination and Remuneration Committee formed by the Board of Commissioners and is responsible for Adjustments to
34/ POJK.04/2014 assisting and carrying out the Board of Commissioners functions related to the nomination and remuneration the Nomination
dated 8 December 2014 of members of the Board of Directors and Commissioners. and Remuneration
regarding public company charters
remuneration and In addition, the regulation also set:
nomination committee Nomination and Remuneration Committee membership
Duties and Responsibilities of the Nomination and Remuneration Committee
Committee meeting
Nomination and Remuneration Committee obligation to formulate guidelines binding for every Committee
member
Bank Indonesia Circular This BI circular sets the second changes to the BI circular No 11/10/DASP dated 13 April 2009 regarding Bank is ready with
No 16/ 25/DKSP dated the credit card usage as payment tools the system in relation
31 December 2014 with the 6 digit PIN
regarding the management Key changes in this BI circular among others: project
on the use of card as 1. The implementation deadline of requiring the use of 6 digit PIN technology on new and renewal credit
payment tools card and requiring the acquirer to adjust the entire Electronic Data Capture ( EDC ) and the back end
system has been deferred to 30 June 2015 from 31 December 2015.
2. Issuers are required to implement the on-line 6 -digit PIN technology no later than June 30, 2020.
3. Effective June 30, 2020, credit card transactions in Indonesia are processed using on-line 6 -digit PIN or
signature as a means of verification and authentication
This BI circular is made effective 31 December 2014.

Financial Review
Accounting Standards Issued But Not Yet Effective

The following summarizes the Statements of Financial Accounting Standards (SFAS) and
Interpretation of Financial Accounting Standards (ISAK) issued by the Indonesian Accounting
Standards Board (DSAK) and Syariah Accounting Standards Board (DSAS), which are not yet
effective for the consolidated financial statements for the year ended 31 December 2014.
The following table presents accounting standards issued and will be effective on or after 1 January
2015:
Potential Impact
Potential
Accounting Transitional Previous to Danamon
No Changes Impact to
Standard Rules Rules and its
Danamon
Subsidiaries
1 IFAS No. 1 Prospective Changes in Regulate changes in The Bank has The Bank and
Presentation application presenting presenting items of performed Subsidiaries
of Financial on or after 1 entries of other other comprehensive assessment and have performed
Statements January 2015 comprehensive income. These items preparation assessment and
income can be reclassified to related to preparation related
profit and loss and implementation to implementation
presented separate to of this SFAS. of this SFAS.
non-reclassified items
of profit and loss.
2 IFAS No. 4 Prospective Regulate Regulate separate The Bank has The Bank have
Separate application consolidated financial statement performed performed
Financial on or after 1 financial as additional assessment and assessment and
Statements January 2015 statement on information. preparation preparation related
its own as related to to implementation
additional implementation of this SFAS.
information. of this SFAS.
4 IFAS No. 24 Prospective Actuarial profit Rewards from The Bank has The Bank and
Employee application and loss can writing off option of performed Subsidiaries
Benefit on or after be recognized recognizing actuarial assessment and have performed
1 January in profit and measurement preparation assessment and
2015 with loss or as other using corridor related to preparation related
retrospective comprehensive approach and in turn implementation to implementation
condition indome or requires immediate of this SFAS. of this SFAS.
deferred recognition through
through corridor other comprehensive
approach. income. The
additional changes
on net interest on
liabilities (assets) of
net defined benefit
net, service cost, and
modifying disclosure,
short-term benefits
and severance

Potential Impact
Potential
Danamon
Subsidiaries
6 IFAS No. 48 Prospective Setting of fair Provide additional The Bank has The Bank have
Impairment application value and vlue explanation on the performed performed
on or after 1 not regulated differences in fair assessment and assessment and
January 2015 value and value in preparation preparation related
use and additional related to to implementation
disclosure required implementation of this SFAS.
for each individual of this SFAS.
asset or cash-
generating unit
which impairment
losses have been
recognized or
reversed during the
period .
7 IFAS No. 50 Prospective No application The additional The Bank has The Bank and
Financial application guidance, disclosures for performed Subsidiaries
Instrument: on or after criteria for offsetting financial assessment and have performed
Presentation 1 January closure, instruments, preparation assessment and
2015, except disclosure and guidelines for related to preparation related
paragraph 07, income tax offsetting application, implementation to implementation
26 and PA41. regulation additional criteria of this SFAS. of this SFAS.
for net settlement
and adjustment of
income tax related to
distributing to equity
holders.
8 IFAS No. 55 Retrospective No room for Additional exceptions The Bank has The Bank and
Financial application deviation on covering futures performed Subsidiaries
Instrument: on or after 1 scope of long contracts, changes in assessment and have performed
Recognition and January 2015, term contract hedging, changes in preparation assessment and
Measurement except certain embedded derivatives related to preparation related
paragraph. and additional implementation to implementation
regulation on value of this SFAS. of this SFAS.
adjustment of
financial instruments.

Financial Review
Potential Impact
Potential
Danamon
Subsidiaries
9 IFAS No. 60 Retrospective Provide Provide different The Bank has The Bank and
Instrumen application disclosure disclosure performed Subsidiaries
Keuangan: on or after requirement for requirements for assessment and have performed
Disclosure 1 January entities which entities that transfer preparation assessment and
2015,except recognition of financial assets related to preparation related
paragraph 03, its transferred recognized partially implementation to implementation
28, 30, 31, 32 financial assets and additional of this SFAS. of this SFAS.
and Lampiran continue as a disclosures for
A prospective whole entities that meet
application. the requirements for
offsetting in IAS 50 or
entity that is subject to
the master agreement
for settlement on a net
basis .
10 IFAS No. 65 Prospective Prinsipal dari Prinsipal dari The Bank has The Bank have
Consolidated application investor, entitas investor, entitas performed performed
Financial on or after 1 investasi investasi di PSAK 65: assessment and assessment and
Statement January 2015 di PSAK 4 Laporan Keuangan preparation preparation related
Laporan Konsolidasian. related to to implementation
Keuangan implementation of this SFAS.
Konsolidasian of this SFAS.
dan Laporan
Keuangan
Tersendiri.
12 IFAS No. 67 Prospective No regulation Provide regulation The Bank has The Bank have
Disclosure of application on disclosure new disclosure performed performed
Interests in Oter on or after 1 requirement of for investment assessment and assessment and
Entities. January 2015 other entities of subsidiaries, preparation preparation related
joint venture and related to to implementation
associated entities implementation of this SFAS.
of this SFAS.
13 IFAS No. 68 Prospective No regulation Provide regulation The Bank has The Bank and
Fair Value application regarding on measurement performed Subsidiaries
on or after 1 measurement of framework and assessment and have performed
January 2015 fair value disclosure of fair preparation assessment and
value related to preparation related
implementation to implementation
of this SFAS. of this SFAS.
14 ISAK No 26, Retrospective No deviation in Adding exceptions to The Bank has The Bank and
reassessment application ISAK derivatives embedded performed Subsidiaries
of embedded on or after 1 in contracts of assessment and have performed
derivative January 2015 controlling business preparation assessment and
entities, formation of related to preparation related
a joint venture and implementation to implementation
possible re-assessment of this SFAS. of this SFAS.
date .

Potential Impact
Potential
Danamon
Subsidiaries
15 IFAS No. Prospective Changes in Regulate changes in The Bank has The Bank and
101 Syariah application presenting presenting items in performed Subsidiaries
Presentation on or after 1 group items other comprehensive assessment and have performed
Financial January 2015 of other income. Reclassified preparation assessment and
Statements comprehensive Items of profit or related to preparation related
income loss is presented implementation to implementation
separately from items of this SFAS. of this SFAS.
to be reclassified to
profit or loss .
CHANGES OF TAX REGULATIONS IN 2014

There were no significant impacts on Danamon from changes in tax regulations in 2014.
DESCRIPTION OF BASEL III

Learning from the economic crisis of 2008, which resulted in the decline of the banking sector in a
number of countries, the banking industry requires an instrument to refine the capital framework,
namely Basel II. Through various discussions held at global level, Basel II had then been furhter
refined into Basel III.
In principle, the purpose of Basel III is to address banking issues, among others:
Improve the capacity of banking sector to absorb risk potential that may arises from financial and
economic crisis and to prevent crisis breakout from the financial to economic sectors;
Improve the quality of risk management, governance, transparency, and disclosure, and
Provide the best resolution for systemically important cross border banking.

Financial Review
Basel III is expected to strengthen the micro- and capital surcharge for the systemically
prudential management, in order to increase important financial institutions. The micro and
the robustness and resiliency of the bank macro aspects are very closely interrelated and
during crisis. require sustainable monitoring.
In the context of micro-prudential, Basel III To prepare for Basel III implementation,
framework requires higher standards of capital Regulator has issued regulation concerning
quality and level, focusing mainly on common Minimum Capital Adequacy Requirement
equity and adequacy of capital buffer managed for Commercial Banks. Danamon supports
by individual banks by requiring allowance for the preparation process towards Basel III
conservation buffer. implementation, considering that the framework
is vital in ensuring robust developments of
Basel III also covers macroprudential aspect national banking industry and would enable
by developing indicators to monitor the level of Indonesias banking industry to take part in the
procyclicality of financial system and requires global level industri banking.
banks, especially systemically important
banks/financial institutions, to prepare capital The following illustrates Danamons phases in
buffer during boom period of the economy preparation of Basel III in conjunction with the
in order to absorb losses during crisis (boost management of the Capital aspects:
period), namely countercyclical capital buffer
2013 2014 2015 2016 2017 2018 2019

Issue of Tier 1 minimum 6%
PBI KPMM CET 1 minimum 4,5%
Basel III
Capital requirements according to PBI become effective as 1 January 2015
0,625% 1,25% 1,875% 2,5%

Conservation Buffer
Countercyclical Buffer (0-2,5%)*
Capital Surcharge D-SIB (1-2,5%)**

The following stages of the Bank in preparing The effective implementation period is 30
the Basel III: June 2016 with the initial ratio of 70% and
consistently rising at the year end to 100%
In terms of the management of banking liquid- starting 31 December 2018. Nevertheless,
ity, Basel Committee on Banking Supervision considering the discussion on LCR is limited
(BCBS) on January 2013 has published the to Financial Services Authority CP, hence
final document of calculation framework for LCR aspects related to the calculation,
Liquidity Coverage Ratio (LCR) as part of Ba- implementation period, reporting, publication,
sel III. The purpose of such LCR calculation and others are pending to the conditions and
framework is to enforce the short term security final arrangement by the regulator.
based on the risk profile of the bank by ensur-
ing that a bank holds an adequate HQLA (High In addition to LCR, BASEL also introduces
Quality Liquid Asset) in order to survive under additional ratio which is leverage ratio as a
such a significant crisis condition scenario with supplement to the capital ratio. Introduction
a 30-calendar day period. of ratio leverage is provided as capital ratio
backstop in according with risk profiles in order
Indonesia is committed to adopt Basel III to avoid the deleveraging process which may
framework, including LCR framework, while undermine finance and economic systems.
maintaining to consider the impacts toward
national banking industries. Hence, the Danamon supports the preparation of
implementation of LCR in Indonesia will be LCR implementation and leverage ratio by
carried out cautiously by making several participating in Basel III Working Group by
adjustments in order to adapt with the carrying out calculation and report LCR
domestic conditions. In terms of supporting calculation and leverage ratio to the regulator.
the preparation of Indonesian banking in LCR calculation and leverage ratio performed
implementing the framework of such Liquidity shall refer to Basel III as well as FSA CP.
Coverage ratio calculation. The Financial
Services Authority has issued Consultative
Paper (CP) of Basel III Framework Liquidity
Coverage Ratio (LCR) in 2014.
Referring to the Financial Services Authority

CP, the implementation of LCR framework will
be implemented gradually. As a Bank which
belongs to BUKU 3 Group, Danamon shall be
included on a Second Phase scheme period.
The trial period will commence on July 2015 by
using the data of June 2015 on a tri-monthly
basis in which the minimum LCR ratio is 60%.

Tetap Tersenyum
Ratih Diah Kartika, Operation Kedaton Lampung
Pemenang Kedua-Lomba Foto Pasar Tradisional

Operational
Review

Risk Management
Given the variance of business activities of Danamon and its

Subsidiaries, a holistic and integrated approach of risk management
is required in the form of a comprehensive process of managing
risk in identifying, measuring, monitoring and controlling of various
type of risk in every line of business of the Bank and its Subsidiaries,
supported by a reliable control system.

Danamon implements an integrated risk In implementing integrated risk management,

management framework and governance to Danamon formed the Integrated Risk
ensure control is comprehensive and risk is Management Group assigned to monitor all
managed, instilled and rooted in business the Bank risks including its Subsidiaries. This
activities. The integrated approach to risk group is set to be independent from risk taking
management enables the Bank to manage unit and internal control unit.
all type of risks which, as defined by Bank
Indonesia cover: credit, market, liquidity, To build a strong risk management culture, the
operations, strategic, reputation, legal, Bank continues to provide training to its working
compliance, yield and investment. This environment including the Subsidiaries. The
integrated risk management considers the aim is to provide the best program to strengthen
interaction between one risk to another. its human resources element and as part of
continuing regeneration of employees.
In managing risk, Danamon refers to Risk
Appetite Statement which outlines the limits The Bank has Risk Management School
for determining the level and characters of the that has been implemented since 2013. The
risk the Bank takes in meeting its mission to the program will continue to be reviewed and
Shareholders while adhering to the prevailing developed in line with the Banks roadmap.
limits applied to debtors, customers, and as
per guidance provided by the regulators.
PILLARS AND PRINCIPLES OF RISK MANAGEMENT
Pillars and Principles

of Risk Management
Pillar 1 Pillar 2 Pillar 3 Pillar 4 Pillar 5 Pillar 6 Pillar 7

Good Risk Risk Accounting Technology Human Risk
Corporate Framework Management Standard & MIS Resources Awareness
Governance Standard and Culture

Risk Management
In managing risk, the Bank implemented seven Fourth Pillar-Accounting Standard

pillars of risk management that focus on the All financial accounting, reports, and records
following: supplied to regulators and other external
stakeholders must comply with at least the
First Pillar-Good Corporate Governance local regulations.
In order to strengthen good corporate
governance, our risk management organization Fifth Pillar-Technology & MIS
involves active supervision and oversight Bank adopts a scalable and reliable technology
from the Board of Commissioners, the Board that is commensurate to our size and the nature
of Directors and Syariah Supervisory Board of our business activities. We develop a robust
(for Syariah Unit). To assist in carrying out its technology to support implementation of risk
responsibilities, the Board committees are management framework.
established when required.
Sixth Pillar-Human Resources
Second Pillar-Risk Framework Danamon assures that every officer who
Each and every member of the staff is manages risk across all levels is a qualified
expected to comprehend and take part in risk and experience individual in accordance
management according to their respective to condition, scope and complexity of the
functions and responsibilities. Integrated business operations. To meet the minimum
Risk will be responsible for defining the Risk requirement and assure their competency
Architecture and provide ground rules for and standard expertise, Danamon requires
managing risk as well as risk oversight. All every Banks Officer and Candidate possesses
Lines of Businesses and Support Function will risk management certification issued by
work within the general guidelines established the Professional Certification Institution
by the Integrated Risk Management Group. acknowledged by the Regulator.
The Compliance Department will be responsible Seventh Pillar-Risk Awareness and Culture
to ensure that all the regulations issued by Bank Danamon continually applies a prudent
Indonesia and other regulatory authorities are approach in developing its business strategy.
socialized and followed by all related LOB and The business strategy is set in line with the risk
Support Functions. appetite of the Bank.
Internal Audit Department will be responsible In monitoring, controlling and managing risk,
to ensure that the Line of Businesses and Danamon applies the following framework:
Support Functions are performing their roles
and responsibilities and comply with the entire Three Lines of Defense Approach
approved policies and procedures regarding Danamon implements the following Three
risk management and control. Lines of Defense approach in designing and
executing a risk management and control
Third Pillar-Risk Management Standard framework:
Bank applies a consistent and disciplined
approach in identifying, measuring, monitoring
and controlling credit, market, liquidity,
operational, and other risks in a transparent
manner.

First Line of Defense

The Business Units serve as the first line of defense and are accountable for identifying, assessing,
controlling and mitigating risks in business. The business units have the primary responsibility for
the day-to-day management of the risk exposures of their business. They are accountable for the
risk arising from their pursuit of business opportunities, consistent with the approved target market
of their business.
Second Line of Defense

The independent Integrated Risk Management unit and Compliance Division are the key operators in
providing the second line of defense, through an independent oversight function. The independent
Integrated Risk Management Group is expected to review and approve the risk boundaries and
limits set for the various business units, and work closely with these units to ensure that risks
undertaken by the businesses are appropriately identified, measured and managed within the
agreed parameters and reported accordingly, to the designated party.
The Compliance Division manages compliance risk and has the responsibility to ensure that all
regulations issued by Bank Indonesia and other regulatory authorities are disseminated and adhered
to by all relevant business units in all of the Banks activities and levels of organization.
Third Line of Defense

Internal Audit acts as the third line of defense in the risk management and control framework by
independently examining and auditing the accuracy of the processes in the businesses and support
units as to ensure that they are performing their roles and responsibilities, and comply with the
various risk management and control, policies and procedures, as approved by the BOD. Internal
Audit should also independently review the portfolio quality of each line of business as well as
market risk positions and exposures.
First Line of Defense Second Line of Defense Third Line of Defense

Line of Business Risk & Compliance Internal Audit
Risk Ownership Independent Risk Control and Risk Assurance
Compliance
Accountable for identifying, Independent risk oversight & Independently testing and
assessing, controlling and ensure that all the regulations auditing the efficacy and
mitigating the risks in business are socialized and followed robustness of processes
Integrated Risk Management

Danamon believes in Integrated Risk Management as an approach to comprehensively manage all
risks of all activities of the Bank as well as its subsidiaries. Integrated principles allow Danamon to
address all risk in a consolidated manner, whilst contemplate the possible interactions between one
risk exposure to another. This holistic approach assures that various types of risk even given their
differences, on and off balance sheet can be managed effectively.
By applying an integrated approach to risk management enables Danamon to have a proactive

and systematic risk management process to identify, quantify and manage all risks inherent in the
Banks activities covering Credit Risk, Market, Liquidity, Operational, Legal, Strategic, Reputation,
Compliance and other risks.

Risk Management
An integrated approach in managing risk RISK MANAGEMENT ORGANIZATION

ensure: STRUCTURE
The Bank is able to implement a Danamon has developed a distinct
comprehensive approach towards all organizational structure for risk management,
types of risks-Credit, Market, Liquidity, consisting of several risk committees and a Risk
Operational, Legal, Strategic, Reputation, Division with varying degrees of responsibility.
Compliance and other risks. Based on this structure, there are precise
All risks are measured and recorded roles and responsibilities for all employees
accurately. responsible for risk management.
Sufficient monitoring and reporting on all
exposures The Banks risk management organization
The risk management is structured and involves supervision from the Board of
adequate for each line of business Commissioners and Board of Directors. The
Consistency in risk management policy and Risk Monitoring Committee is the highest
implementation risk authority, which stands at the Board
Availability of a sufficient system and of Commissioners level. This committee
technology to manage risks. serves as a board of trustees to oversee
Availability of adequate and competent the implementation of strategies and risk
human resources for risk management at all management policies, risk exposure and to
levels. evaluate the Board of Directors accountability.
At the Board of Directors level, a Risk

Management Committee is formed to
manage the entire Banks and its subsidiaries
risk portfolio. The Committee monitors the
development of risk strategy, policy and
evaluate risk issues considered significant. In
addition, there are other risk related Committees
such as Operational Risk Committee, Fraud
Risk Management Committee and ALCO, as
subset of the Risk Management Committee.
Risk Management Organization Chart
Board of
Commissioners
Risk Monitoring
Committee
Board of Directors
Risk Management
Committee
Integrated Risk Management

Lines of Business Legal, Compliance,
and Subsidiaries Market and Strategic, and
Risk Management Credit Risk Liquidity Risk Operational Risk Reputational Risk

Refer to banking industry practices and in The main elements of Danamons risk
accordance to the framework of Basel II risk management good corporate governance
management, Danamon formed an Integrated structure are:
Risk Management Group with members consist Active monitoring by the Board of
of senior professionals to manage credit Commissioners and Directors
risk, market and liquidity risk and operations Adequate policy, procedure and limits
risk. This group functions is centralized and assigned
independent from risk taking unit and internal Risk Management processes and Risk
control unit. The independency is aimed to Management systems
create a managing risk model which is effective, Risk Management internal control.
efficient and independent from business
interest as well as oversights functions coming ACTIVE MONITORING FROM THE
from institutions at similar level. However, BOARD OF COMMISSIONERS, SYARIAH
in daily practices, every business line is held SUPERVISORY, BOARD AND BOARD
responsible for risk management functions in OF DIRECTORS
their respective businesses. The organization structure of Risk indicates
that BOC, SSB and BOD through its active
The Integrated Risk Management Group monitoring determine the success of managing
defines the Banks risk architecture and risk. Aware of their strategic role, Danamon
develops an overall risk management strategy, has set monitoring duties for each respective
which includes bank-wide policies, set limits, Board as explained in summary as follows.
procedures and controls for all lines of business
including subsidiaries. Active Monitoring of the Board of
Commissioners
Managing Risk at the second line of defense Active monitoring duties of the Board of
level is assigned as follows: Commissioners in managing risk covers:
Credit risk is managed by Enterprise Risk a. Responsible for approving the general
& Policy, Chief Credit Officer Wholesale framework of risk management policy
and Chief Credit Officer Consumer & Mass recommended by the Managing Director
Market. and/or Board of Directors, through the Risk
Market and Liquidity risk is managed by Management Director.
Market & Liquidity Risk Management. b) Monitor risks and evaluate Board of
Operational risk is managed by Fraud & Directors accountability of implementing
Operational risk Management. risk management policy, strategy and
Reputation risk is managed by the Corporate exposure through a periodic review with the
Secretary. Managing Director, Board of Directors or
Strategic risk is managed by the Strategic Director of Risk Management.
Risk Working Unit. c) Conduct Risk Management functions as
Legal risk is managed by Legal & Litigation. stipulated in the regulations.
Compliance risk is managed by Compliance. d) Delegate authority to the Managing Director,
Board of Directors or the Director of Risk
Management or recommend business
activities and other duties.

Risk Management
The Board of Commissioners may delegate a a. Responsible for the development of a risk
risk-monitoring function to the Risk Monitoring management policy.
Committee. However, the final responsibility of b) Responsible for the implementation of risk
the implementation of risk monitoring remains management policy, strategies, framework
with the Board of Commissioners. and risk exposure undertaken by the Bank.
c) Develop a risk management culture at all
Active Monitoring by the Syariah Supervisory levels of the organization.
Board d) Determine the Banks risk appetite
Danamon assigns the Syariah Supervisory e) Monitor the Banks risk quality by
Board to the Syariah Line of Business, as benchmarking it with a reasonable risk level.
recommended by the National Syariah Board- f) Periodically review the risk management
Majelis Ulama Indonesia, and as approved by framework, processes and policies.
Bank Indonesia, in compliance with the applied g) Ensure the enhancement of the human
regulation. The Syariah Supervisory Boards resources competency for implementing
functions and active roles in risk management risk management.
include:
a. Assessing and ensuring compliance of the The Board of Directors establishes the Risk
Syariah Line of Business products, policies/ Management Committee to assist in carrying
procedures and activities with Syariah out its functions and responsibilities related
principles, and conduct surveillance to to Risk Management. However, the final
conform with the fatwa of the National responsibility remain at the Board of Directors
Syariah Board-Majelis Ulama Indonesia. for its role in monitoring the implementation of
b. Evaluating Risk Management Policies risk management.
in relation to compliance with Syariah
principles. Adequacy of Policy, Procedures and
c. Evaluating Board of Directors accountability Determination of Limits
of Risk Management policy implementation The Risk Management Policy has been set
in relation to compliance with Syariah to ensure that the Banks risk exposure is
principles. consistent with internal policies and procedures,
and also with external laws, regulations and
Active Monitoring by the Board of Directors other related provisions. The Bank is managed
Being responsible for operations, the role of by officials with sufficient knowledge, skills and
the Board of Directors is to set directions of expertise in risk management, in line with the
the policy and strategy for a comprehensive complexity level of the business. To achieve
risk management including its implementation. this, Danamon has assigned the following:
The functions and active role carried out by 1. An Integrated Risk Management group is
the Board of Directors in managing risk cover: responsible to centrally coordinate all risk
management policies and implementation.
To develop a risk management culture at all

levels of the organization.

This working unit will develop bankwide practices are in accordance to the expected
core risk policies, and control of risk risk limits.
management to be followed by the Line of 6. In drafting its risk management policy,
Business and Subsidiaries. Danamon has included the following items:
2. Line of Business and Subsidiaries have to a. Conduct risk identification and know how
create consistent guidelines and procedures to mitigate risk in a clear and controlled
of products consistent with the Banks manner.
policies, prudent principles, and related b. Establish a clear line of responsibility and
regulations. accountability in managing each type of
3. Awareness of risk and compliance with the risk.
policies, procedures and risk limit, must c. Establish a methodology that can
be embedded as a mindset for all risk measure risk and a management
officials. No one is allowed to deliberately information system which will support
override or make any change to the policy the business.
or limit without approval. All deviations d. Assign a limit determination procedure
or exceptions must be approved by the which describes the maximum
authorized officials. acceptable loss that is consistent with
4. All policies and procedures must be the Banks risk appetite and tolerance.
disseminated to the entire organization. e. Prepare contingency plans.
Senior officials in each Line of Business, f. Policies and procedures on new products
Product Unit or Supporting Unit shall and activities.
provide appropriate risk oversight to ensure g. The establishment of an internal control
that risk policies have been implemented system for the implementation of risk
properly and effectively. management. A fundamental component
5. All policies and limits should be reviewed in the system of internal control is the
periodically or more often when significant independent evaluation and review of
change occurs to ensure that the Banks the effectiveness of existing processes
and systems.
Risk Management Process and Information systems

Risk Management Process
Risk Identifying
Risk
Controlling
Risk
Management
Process
Risk
Measurement
Risk
Monitoring

Risk Management
Danamon conducts a process of identification, unit is responsible for individual exposures.

measurement, monitoring and control of all The Integrated Risk Management Group
risks faced, from central to subsidiary level. recommends various limit concentrations and
monitors achieved exposure. Limits will be
Risk Identification (1) reviewed at least once a year. Changes on limit
A risk identification process will determine can be set when necessary.
the scope and scale of the measurement,
monitoring, and risk control stages. Proactive In portfolio management, the Bank seeks to
risk identification covers all Danamon business maintain capital equal to the level of risk that
activities and is conducted in order to analyze the Bank undertakes.
the sources and the potential risks and
impacts. Identification is done by analyzing Risk Control (4)
all types and characteristics of risk inherent in Risk control is carried out, among others by
any business activity, which also includes the following up on risks that are moderate and
Banks products and other services. high that exceed the limit, increasing control
(attached supervision), and providing additional
Risk Measurement (2) capital to absorb potential losses and periodic
The risk measurement system is used to internal audits.
measure Danamons risk exposure as a
reference to exert control. The measurements In Danamons Risk Management structure,
approach and methodology can be quantitative, Integrated Risk Management consolidates
qualitative, or a combination of both. Risk the entire Banks risk exposure, managed by
measurement is done on a regular basis for the respective unit and persons in charge and
products, portfolio, and for all Danamons responsible for the risk.
business activities.
Line of Business and subsidiaries are
Risk Monitoring (3) operational working units responsible for
Risk monitoring is done by evaluating the risk managing the risks from the beginning to
exposures inherent in the entire portfolio of the end, within its scope of responsibilities.
products and business activities as well as the They must clearly identify measure, monitor,
effectiveness of Danamons risk management control and define mitigation to manage risks
process. before entering into any activities where risk
resides. The risk working units responsibilities
Danamon has also established a portfolio include providing credit approvals and/or
management procedure as an integral part of recommending credit in the form of credit
risk management. The objective of portfolio committee.
management is to achieve a balanced risk
portfolio and to establish a frame of reference Risks in the operational working unit are
in making decisions on individual exposures. managed by the Business Risk Heads of the line
The Integrated Risk Management Group of business. Business Risk Head has indirect
is responsible for managing the Banks responsibility reporting to the Integrated
exposure to the portfolio, while the business Risk Director in his supervisory functions. In

carrying out its role as risk monitoring and Additionally, Danamon always ensures
control at the operational unit, the Integrated compliance with various key points in the
Risk Management Group will evaluate the control process, including: compatibility of
entire business plan, policies and products. internal control system and bank risks, the
At a certain level of risk-taking, Integrated establishment of the policy monitoring authority,
Risk Management Group, as a member of the procedures and limits, a clear organizational
Head Offices Credit Committee, will provide structure and adequate four eyes principle,
recommendations for credit decisions. as well as sufficient procedures to comply with
applied regulations.
Risk Management Information System
In order to provide an effective control Danamon implements an effective risk
and monitoring system, Danamons Risk management and internal control system
Management Information Systems are in place which includes the implementation of the three
and cover a sufficient level of detail, such lines of defense, assignment of risk tolerance
as Internal Rating System, Central Liability and application of risk and cultural awareness
System, Market Risk Engine within Treasury as described in the previous section.
System, and Operational Risk Management
System. These Management Information Danamon also periodically analyzes
Systems enable the Bank to detect any adverse the effectiveness of risk management
development at an early stage, allowing for implementation including adequacy of policy,
timely implementation of corrective measures procedures, and management information
aimed at minimizing losses to the Bank. system. This includes internal audit on risk
management process and monitoring on
Internal Control corrective actions taken in response to the
In Danamon the internal control to managing audits findings.
risk covers the following areas:
a. Determining the organizational structure RISK MANAGEMENT GOVERNANCE
through clear definitions of functions POLICY
between the business units with risk Danamon implements an Integrated Risk
management unit. Management (IRM) that allows Management
b) Assign the risk management unit, an to manage risks across all business units.
independent work unit whose role is to create Integrated risk management is a combination
risk management policies, risk measuring of a series of strategies, processes, resources,
methodologies, risk limit determination, and competencies and technologies aimed at
data/model validation. evaluating and managing risk. The application
c) Each functional transaction and activity of IRM is intended to add value for shareholders
with risk exposure will be reviewed and through integration between the determination
monitored as necessary by each business of risk appetite and risk tolerance, to be in
unit. alignment with business strategy, by improving
the quality of the risk management process
to improve effective and efficient capital
management.

Risk Management
Integrated Risk Management aims to set the Danamon is determined to build the risk culture
size or magnitude of risk appetite or tolerance awareness at all levels of the organization
limits for the Bank to undertake in determining through:
portfolio in line with the price risk which has Communicating the importance of risk
been considered thoroughly reflected in management
the amount of capital allocated for the risk, Communicating the Banks expected
as well as support business development. level of risk tolerance and the risk profile
Given the importance of risk management through various restrictions and portfolio
in banking, Danamon strives to implement a management
risk management framework that is adaptive, Giving employees the authority to prudently
easy to understand and implement at all deal with the risks in their activities
levels. To enhance risk management efficacy, Monitoring the effectiveness of risk
Danamon also seeks to develop a culture of management in all areas.
risk for the entire staff, to introduce awareness
that risk management is essentially a shared Risk Appetite
responsibility, as any impact of risks will affect Risk appetite or risk tolerance is the risk value,
all levels of the company. which Danamon is willing to accept in order to
reach a certain level of profit. Risk tolerance (risk
Risk Culture appetite) is developed from the risk philosophy
Danamon believes that it is important for all and business strategy, so that this tolerance
employees to know and understand the risks must go in line and does not conflict with the
faced in its activities. This creates a robust philosophy and strategy of the business risk.
risk management culture. In this regard, the
Bank is determined to build a combination of Danamon has developed a Risk Appetite
unique values, beliefs, implementation and Statement (RAS), which outlines the levels and
management monitoring that will ensure all nature of risks that the Bank will take in order to
levels of Danamon conduct its operations articulate its mission for stakeholders, subject
prudently and refer to best practices. to constraints imposed by debtors, regulators,
and customers. It is the responsibility of the
The risk culture is to be inseminated through Board of Directors and senior management to
Direction and supervision of the Board of define Danamon risk appetite and to ensure
Commissioners and Board of Directors. that the Banks risk management framework
Introduction of risk management as an includes detailed policies that set specific firm-
integral part of business operations. wide prudential limits on the Banks activities,
Compliance with all policies, procedures, consistent with its RAS and capacity.
laws and regulations.
The aim of the Risk Appetite Statement is to
enable execution of the Banks articulated
strategy while meeting the reasonable
expectations of all stakeholders. It does not
seek to prevent risk taking. It aims to ensure
that risk taking across the groups is:

In line with the Board of Directors objectives Group conduct socialization to all relevant
Understood at appropriate level within the business units on risk strategy and policies,
organization with reference to continue building strong risk
Optimized on a risk-return basis within the culture and risk awareness in Danamon and its
constraints of the Group Risk Appetite. Subsidiaries.
Risk Management Policy SPECIFIC RISK MANAGEMENT

Danamons risk management policies are Risk Management on new Products and
established to identify and analyze the risks Activities
faced by the Bank, to set appropriate risk New Product and Activity Risk Management
limits and controls, and to monitor risks and Danamon includes new product and activity
adherence to limits. Risk management policies risk management plan in its Business Plan
and systems are reviewed regularly to reflect in accordance with applied regulations.
changes in market conditions, products and This policy stipulates the procedures for the
services offered. The Bank, through its training issuance and monitoring of bank products.
and management standards and procedures,
aims to develop a disciplined and constructive New products are prepared and recommended
control environment, in which all employees by the Business Unit and Risk Management
understand their roles and obligations. Unit in the product owners Line of Business
and Subsidiaries, and reviewed by the Risk
Danamon has an Enterprise Risk Management Management Unit as well as other related
Policy that has been reviewed and approved divisions such as the Legal and Compliance
in line with Bank Indonesia regulations. Division. The product also has to go through
This policy is used as a guideline to the a Compliance Test before being launched.
Banks implementation of Risk Management. Product approval authorities are categorized
In addition, in line with Bank Indonesia based on their level of risk, where high-risk
regulations on subsidiary risk management products must be approved by the Managing
activities, subsidiaries have risk officials and Director. The level of risk is evaluated based on
the Bank, through Risk Management, oversees the products performance, target customers,
the implementation of comprehensive and the complexity of the operational processes,
integrated risk management. and market conditions. For Syariah Work
Unit products, a consultation with the Syariah
The integrated Risk Management Group is Supervisory Board is required.
responsible for formulating risk management
policy and setting limits for all line of business Danamon applies the precautionary principle in
based on the risk principles and policies served new products/activities launched to customers.
as the credit business guidelines of Danamon. With its extensive network, sizeable human
This group is also responsible for setting and resources capacity, as well as the capability
renewing the master policy and procedure and appropriate strategy, the Bank will seek to
for identifying, measuring, analyzing and serve all segments of customers.
controlling risk in each line of business (risk
taking unit). The Integrated Risk Management

Risk Management
Risk Management of Syariah Business Business Unit (UUS) wherein the Syariah
Based on the regulations of Bank Business Unit Director is also a member of
Indonesia No.13/23/PBI/2011 regarding the Risk Management committee. The Syariah
the Implementation of Risk Management Supervisory Board has been assigned in the
for Commercial Syariah Banks and Syariah Syariah Business Unit and has run its functions
Business Units, a bank must implement Risk and tasks accordingly.
Management for two types of risks in the
Syariah Business Unit: the Equity Investment Risk Management of Subsidiaries
Risk and Rate of Return Risk. Danamon applies a consolidation process with
its subsidiaries. The consolidation process of
In line with the regulation, Danamon actively risk management is conducted by observing
implements Risk Management on the Syariah the differences in entity and characteristics
Business Unit. In terms of policy, the Bank has between the company and its subsidiaries.
its Enterprise Risk Management Policy as the Implementation of the consolidation process of
main framework and the basic principles of risk management is done through assistance
risk management that must be followed by all and alignment of risk management practices in
lines of business and subsidiaries, including risk governance, risk management policies and
the Syariah Business Unit. Additionally, the procedures, risk measurement methodologies,
Syariah Business Unit is also guided by the risk management reporting, and enhancement
Syariah Principles, which are the Islamic laws of risk awareness culture.
in banking activities based on the fatwa issued
by relevant religious authorities The Risk Management Unit continuously
monitors the subsidiaries portfolio
The Syariah Business Units products and performance and identifies any early warning
activities are reviewed by the Risk Management in subsidiaries portfolio quality. The Bank
Working Unit and by other relevant units, also provides technical assistance in the risk
and must also pass through a Compliance management process in relations to credit
Test. Risk measurement is done by using a risk, market and liquidity risk, operational
methodology that is appropriate to the Syariahs risk, human resources, information systems,
characteristics, by measuring the level of risk policies and procedures, and methodologies of
profile conducted on a quarterly basis. The risk risk management
profile report is evaluated and later submitted
to Bank Indonesia. Subsidiaries risk exposure monitoring and
evaluation is reported monthly and includes
In managing risk complying to the Syariah detailed and in-depth monitoring of the portfolio
principles, the Syariah Supervisory Board gives performance, including, but not limited to, a
approval for policies, procedures, system, portfolio cap approved in the Product Program.
products and contract to be used compliance to Subsidiaries risk management is one of the
Syariah principles. The Risk Management Unit focus of Management, due to its significance in
of the Bank (Conventional) implements the risk supporting the Banks strategic plan.
management process and systems of Syariah

The consolidation process is in line with OJK Implementing systems to detect fraud
regulation (POJK) No.17/POJK.03/2014 tanggal application of credit card.
18 November 2014 dated 18 November 2014 Improving credit risk measurement process
regarding the application of Integrated Risk for Wholesale credit through development
Management for Financial Group. Referring to of PD, LGD & EAD model for Corporate,
this regulation, Danamon as the main entity will Commercial and Financing Company in
continue improve risk management process December 2014 and application of the model
integrated with its Subsidiaries. rating for Financial Institution portfolio for
business decision making starting February
FOCUS OF RISK MANAGEMENT 2014 2014.
ACTIVITIES Developing application scoring, behavior
The risk management activities of Danamon scoring and collection model, PD, LGD &
implemented and the results generated are as EAD for credit card in December 2014 and
follows: will be implemented in 2015.
All the PD models are calibrated using long
Integrated Risk Activities term cycle neutral central tendency and
Launching Revised Risk Training Academy Danamon has implemented a standardized
modules for Bank and Subsidiaries staff. 25 Grade Danamon Rating Scale mapped
Conduct stress test among others: annual to Probability of Default to be applied to
stress test, OJK stress test, foreign scores and ratings models built across Line
exchange stress test, mining industry and of Business.
palm oil industry. Implementing collection systems auto dialer
Implement ICAAP best practice methods. for credit card.
Changing DSP credit organization to
Credit Risk improve control.
Syariah Implementing bankwide Implementing rule based decisioning engine
negative list database to improve in Adira Finance.
underwriting process.
Developing framework for industry portfolio Operational risk
management including risk level and limit of Increase the independency of operational
concentrated industry. risk officer role and function in line of
business, support function and subsidiaries
for a stronger control and effectiveness in
managing operational risk in risk taking unit.
Launching Revised Risk Academy Training Module

for employees of the Bank and its Subsidiaries
Implementing stress tests: the annual stress test,
OJK stress test, foreign exchange, mining and palm
oil industries

Risk Management
Enhance Operational Risk Management RISK PROFILE

System (ORMS) to increase the recording Assessment of Risk Profile includes an
function, analysis and report generated from assessment of the inherent risks and quality
operational risk data in integrated function assessment of the implementation of Risk
as means to improve the effectiveness to Management, which reflects the risk control
comprehensively manage operational risk system, both individually and on a consolidated
in the Bank and its subsidiaries. basis for the Bank. The assessment is carried
Build Operational Risk Management out on eight Risks namely Credit Risk, Market
E-Learning to increase employees Risk, Liquidity Risk, Operational Risk, Legal
awareness at the management and staff Risk, Strategic Risk, Compliance Risk, and
level in managing operational risk. Reputational Risk. In assessing the risk profile,
Successfully retain the ISO 2231:2012 the Bank refers to Bank Indonesia regulations
certification for Business Continuity on the assessment of Commercial Banks
Management System (BCMS) of British health level. The responsibility for coordinating
Standard Institution (BSI) Group acquired risk profile report is in the Integrated Risk unit.
in 2013 by implementing the 2014
Surveillance Audit, the result from which no Based on monitoring results of each group of
uncomformity items was found. Danamon core risks of Danamon in 2014, the composite
is the first company in Indonesia and the rank for the Banks overall profile risk as
first bank in South East Asia to be ISO of December 31, 2014 remain at 2 (Low to
22301:2012-BCMS certified. Moderate).
Founder and organizer of Indonesia
Business Continuity Management Forum CAPITAL MANAGEMENT STRATEGY
with 108 members from 52 companies. Capital Composition of Bank
Build awareness on fraud to all employees In accordance with Bank Indonesia Regulation
through video on Fraud Awareness and No. 14/18/PBI/2012 dated 28 November 2012,
as founder of Fraud Forum in Indonesia regarding the Minimum Capital Adequacy Ratio
banking industry. for Commercial Banks, the capital consists of:
1. Core Capital, Tier 1
Market and Liquidity Risk 2. Supplementary Capital, Tier 2
Finalizing the implementation of Sungard 3. Additional Supplementary Capital
Asset & Liquidity Management (ALM
System) phase 1 (expected for completion The capital of Danamon is structured as follows:
on Q1 2015).
Sychronizing and improving methologies in 1. Core Capital (Tier 1)
setting limits for market and liquidity risks. Comprises paid-up capital of common shares
Prepare and upgrade the implementation and disclosed reserves which consists of
of Basel II liquidity risk (LDR-Liquidity additional paid up capital, general reserve,
Coverage Ratio). prior years profit, current year profit (50%),
calculating the deduction factors which

consists of shortage in regulatory provision over is a process to determine capital adequacy in

allowance for impairment loses for productive accordance with the Banks risk profile and
assets, regulatory provision on non productive determining strategies to maintain adequate
assets and Banks investment in subsidiaries. capital levels.
2. Supplementary Capital (Tier2) Pursuant to regulations from Bank Indonesia,

Comprises the regulatory provision general ICAAP implementation in Danamon is
reserve on productive assets (maximum of ensured by active monitoring by the Board of
1.25% from RWA for credit risk) including Commissioners and the Board of Directors,
deduction factor of Banks investment in capital adequacy assessment process,
subsidiaries (50%). monitoring and reporting of the Banks risk
profile, and adequate internal control
Capital Management Strategy
Pursuant to BI regulation No. 14/18/PBI/2012 The assessment result shows that the Bank
dated 28 November 2012 on Minimum Capital managed to meet the minimum CAR based on
Adequacy Ratio for Commercial Banks and risk profile. Based on ICAAP, the Bank will have
BI Circular Letter No. 14/37/DPNP dated 27 sufficient available financial resources to fulfill
December 2012 on Capital Adequacy Ratio its capital demand for Pillar 1 and Pillar 2 for
(CAR) in Accordance with Risk Profile and the next three years.
Fulfillment of Capital Equivalency Maintained
Assets (CEMA), Danamon is required to Capital Structure
calculate its minimum CAR based on risk As of December 31, 2014, Danamon is one of
profile and to implement the Internal Capital the banks with the highest level of capitalization
Adequacy Assessment Process (ICAAP). in Indonesia, with consolidated CAR at 17.86%
(Bank Stand Alone at 18.17%), well above
In assesing its adequacy capital, Danamon the level required by Bank Indonesia. With a
ensures capital adequacy both from: strong capital and supported by optimal capital
management, the Banks capital adequacy will
1. Minimum CAR requirement set by Bank not limit its future growth potential.
Indonesia
2. Internal capital adequacy, by ensuring
sustainable capital adequacy to support the
continuity of the Banks operations.
Internal Capital Adequacy Assessment

Process
With reference to the Basel II and Bank
Indonesia regulations, and to enhance risk
management effectiveness within the Bank,
Danamon has implemented the Internal Capital
Adequacy Assessment Process (ICAAP), which

Risk Management
The individual and consolidated quantitative disclosure of the Banks capital structure is detailed in
Table 1.a.
1.a Disclosure of Capital Structure

(in million rupiah)
December 31, 2014 31 December 2013
Capital Component
Bank Only Consolidated Bank Only Consolidated
(1) (2) (3) (4) (5) (6)
I CAPITAL COMPONENT
A Core Capital (Tier-1) 24,230,478 28,767,259 21,588,379 26,794,974
1 Paid-in Capital 5,901,122 5,901,122 5,901,122 5,901,122
2 Additional Reserve Capital 19,655,263 24,528,387 17,150,001 22,453,245
3 Innovative Capital Instruments 0 0 0 0
4 Tier-1 Capital Deduction Factor -1,325,907 -1,662,250 -1,462,744 -1,559,393
5 Non-controlling Interest 0 0 0 0
B Complementary Capital (Tier-2) 0 935,484 0 906,724
1 Upper Tier-2 1,319,405 1,523,202 1,182,568 1,391,585
2 Lower Tier-2 (maximum 50% of Tier-1 Capital) 0 0 0 0
3 Tier-2 Capital Deduction Factor -1,319,405 -587,718 -1,182,568 -484,861
Tier-1 and Tier-2 Capital Deduction
C 0 0 0 0
Factor
Securitization Exposures 0 0 0 0
Additional Supplementary Capital
D 0 0 0 0
(Tier-3)
Additional Supplementary Capital For
E 0 0 0 0
Market Risk Anticipation
TOTAL OF CORE CAPITAL AND SUPPLEMENTARY
II 24,230,478 29,702,743 21,588,379 27,701,698
CAPITAL (A+B-C)
TOTAL OF CORE CAPITAL, SUPPLEMENTARY CAPITAL,
III AND ADDITIONAL SUPPLEMENTARY FOR MARKET 24,230,478 29,702,743 21,588,379 27,701,698
RISK ANTICIPATION (A+B-C+E)
IV RISK WEIGHTED ASSETS (RWA) FOR CREDIT RISK **) 110,768,885 133,861,526 102,843,863 126,138,821
RISK WEIGHTED ASSETS (RWA) FOR OPERATIONAL
V 22,214,233 32,060,719 20,269,187 28,600,198
RISK
VI RISK WEIGHTED ASSETS (RWA) FOR MARKET RISK 370,855 372,188 397,427 401,131
CAPITAL ADEQUACY RATIO FOR CREDIT RISK AND
VII 18.22% 17.90% 17.54% 17.90%
OPERATIONAL RISK [II:(IV+V)]
CAPITAL ADEQUACY RATIO FOR CREDIT RISK,
VIII OPERATIONAL RISK AND MARKET RISK [III : (IV + V + 18.17% 17.86% 17.48% 17.86%
VI)]

IMPLEMENTATION OF RISK Danamon also applies the principle of prudence

MANAGEMENT AND DISCLOSURE OF risk management in loan extension activities.
RISK EXPOSURE Credit approval authority is granted to the
A. Credit Risk credit committee, where each member of the
Credit risk is the potential failure of a borrower credit committee is selected based on quality,
or counterparty to fulfill its obligations as experience and business requirements. The
stipulated in an agreement. Credit risk is a provision of funds for the relevant parties shall
significant risk that mainly arises from the Banks be approved by the Board of Commissioners
lending activities. However, credit risk can also and reviewed by the Director of Compliance.
arise from a variety of functional activities of
the Bank, such as trade finance (guarantees, Danamon applies a policy that governs
letters of credit), treasury and investment delegation of authority in approving credit
(inter-bank transactions, foreign exchange wherein every credit is approved by members
transactions, financial futures, swaps, bonds), of the credit committee. The delegation of
which are recorded in the banking book or the authority for approvals is made by selecting
trading book. members on the basis of their personal
and professional qualification in addition to
Credit risk may increase due to the concentration experience, judgement and competency. In
of lending, i.e. from the debtors, geographic executing credit authority, the four-eye principle
region, products, types of financing, or a must be applied while decisions to approve
particular business field. credit must be based on a detailed analysis,
well documented, and regularly reviewed,
1. Credit Risk Management
Credit Risk Management implementation, The Bank closely monitors the developments
including Credit Concentration Risk, is of its loan portfolio, including those of its
performed individually by the Bank and also subsidiaries, which allows the Bank to initiate
on a consolidated basis with its subsidiaries. preventive measures timely, where and when
Credit Risk Management includes end-to- required, in case of credit quality downgrade
end processes of origination and approval, occurs. It also continues to conduct regular
monitoring, the problem loan management reviews and make adjustments of all relevant
process and portfolio management. policies and processes, including Legal
Lending Limit.
The Bank has Credit Risk Policy to govern
the process of extending loans. These
policies cover credit acceptance criteria, the
origination, credit approval, credit exposure
monitoring, managing problem loans and
portfolio management.

Risk Management
2. Credit Concentration Risk 4. Past due Loans and Impaired Loans

Concentrations of credit risk arise when a Loans Due
number of customers are engaged in similar To recognize past due loans, the Bank uses
business activities or activities within the same the Basel II methodology:
geographic region, or when they have similar
characteristics that would cause their ability The loan, in full or partial, inclusive and or
to meet contractual obligations to be similarly interest payment, is already 90 days past
affected by changes in economic or other due. The interest due is also included in.
conditions.
Impaired Loan
Danamon encourages the diversification of its a. Assessment of Wholesale segment
credit portfolio among a variety of geographic The four major trigger areas of impaired
areas, industries, credit products, individual value are:
obligors, reflecting a well balanced and healthy 1. Repayment Status
risk profile, while focusing marketing efforts The minimum criteria that can be
toward potential industries and customers in used as objective evidence for
order to minimize credit risk. This diversification impairment for loans classified as Non
is based on the Banks strategy plan, Performing Loans after equalization
target sector, current economic conditions, of collectability.
government policy, funding sources, and 2. Financial Performance of Debtor
projected growth. Significant financial problems
experienced by debtor can be
3. Credit Risk Measurement and Control studied from the latest financial
Danamon closely monitors the performance, position, financial ratios, and cash
as well as events, that may impact the flows forecasts.
behavior of its loan portfolios, including those 3. Assessment of the Debtors
of Subsidiaries. Danamon has implemented Repayment Capacity
a robust credit risk stress testing process, Assessment is conducted in the event
which is conducted regularly to anticipate any of contract/credit agreement breach,
possible deterioration in the loan portfolio as a significant fraud, loss of assets or key
result of any changes in economic conditions. customers, legal actions by debtors
that may result in bankruptcy.
A bankwide review and credit portfolio 4. Restructured Loans
monitoring is conducted on the Integrated Risk Factors above are not an exhaustive
Work Group level. The same is applied to the list. There may be other factors
line of business level (risk-taking units) for each or events that could impair the
business portfolio. repayment capacity of the debtor.
Thus, the Risk Management in the
line of business must prudently

monitor and document any rationale 5. Provisioning

for the classification of impaired The setup of provisions for loans is made
loans categories. through:
Loan Loss Provision (LLP), as specified in
Danamon also monitors and clearly the Code of Indonesia Banking Accounting
documents the rationale for the (PAPI) 2008 applied as of January 2010.
classification of impaired loan Formation of loss reserves using LLP
categories. applied for all Line of Business (LOB)
(conventional) and Syariah segment for
b. Assessment of Retail Segment Murabahah product category.
Collective impairment evaluation covers Provision for Assets (PPA). The formation of
retail and mass-market portfolios that PPA is subject to the prevailing provisions
may not be individually evaluated of Bank Indonesia. The formation of PPA
otherwise. Collective classification applies to all Lines of Business and their
applies to loan portfolios with similar subsidiaries. PPA is used for the purpose of
credit risk characteristics. Usually these calculating the Minimum Capital Adequacy
homogeneous pool loans are managed Ratio. The formation of PPA also applies to
by credit programs. Syariah financing.
Impaired loan for retail segment are 6. Loan Loss Provision Loan Impairment
loan with DPD greater than 90 days In line with the Code of Indonesia Banking
and restructured bills. The collective Accounting (PAPI), a calculation arrangement
classifications must be supported by for Loan Loss Provision (LLP) has been set
adequate documentation and assessed up, hereinafter called Loan Impairment. The
periodically. The addition of credit calculation of loan loss provisioning, which
classifications shall be consented by the was originally based on collectability, changed
Integrated Risk Management Head with into Value Impairment using the methodology
the approval of a Financial Control Head. approved by the Board of Directors.
Impairment is a condition where there is

objective evidence of unfavorable events as
a result of one or more occurring events after
the initial recognition of such credits and such
unfavorable events impact on the estimation of
future cash flows on financial assets or group
financial assets, in a manner that can be reliably
estimated.

Risk Management
Loan Loss Provision of Credit is a provision Particularly for SME segment, the
formed in the event that the carrying value of recognition of impairment is carried out
the credit is less than the initial carrying value under these conditions:
after the impairment value. 1. Impairment of debtors with facilities
above Rp10 billion: the assessment shall
The definition of the above-mentioned term be done individually.
is in line with the Code of Indonesia Banking 2. Debtors with facilities above Rp10 billion
Accounting Assessment for impairment shall with no objective evidence of impairment
be grouped as follows: and all debtors having plafond under
Rp10 billion are collectively assessed.
a. Individual
The method of individual impairment 7. Provisioning for Assets (PPA)
calculation uses Discounted Cash Flow Banks are required to calculate PPA against
method. Effective December 2014, Syariah Earning Assets and Non-Earning Assets, in a
segment uses this calculation method for form of:
Murbahah financing on customers with a. General reserves for Earning Assets
impaired loan accounts and financing limit b. Special reserves for Earning Assets and
above Rp 10 billion. Non-Earning Assets
b. Collective PPA calculation is at a minimum made in

For the wholesale segmentation, if there is accordance with the Regulations of Bank
no objective evidence of loan impairment Indonesia.
that is evaluated individually, loans are
therefore included in the classification of PPA general reserve is set at the lowest at 1%
loans to be evaluated and calculated by (one percent) of all Earning Assets classified as
using the method of Migration Loss. Bank Current.
performs monitoring for classification of
loans in the category of unimpaired loans. PPA Special reserve for Earning Assets and
Non-Earning Assets is set at the lowest of:
For Retail & Mass Market Segments, a. 5% (five percent) of Earning Assets
collective impairment can be assessed classified in Special Mention after deducting
using Net Flow Rate methodology or the collateral value.
Vintage Analysis methodology. b. 15% (fifteen percent) of Earning Assets
and Non-Earning Assets classified as
Substandard after deducting the collateral
value.

c. 50% (fifty percent) of Earning Assets and Non-Earning Assets classified as Doubtful after
deducting the collateral value; or
d. 100% (one hundred percent) of Earning Assets and Non-Earning Assets classified as Poor after
deducting the collateral value.
Particularly for Syariah Financing, formation of reserves is implemented as follows:

a. Murabahah Financing is calculated based on the balance of principal cost
b. Murabahah Financing is calculated based on the balance cost
c. Requirements to form a reserve are not applied to the transaction of Ijarah or Ijarah Muntahiya
Bittamlik.

Risk Management
8. Disclosure of Credit Risk With Standardized Approach

The following tables disclose some of the quantitative credit risks of Danamon for year 2014.
2.1.a. Disclosure of Net Receivables Based on Region-Bank Stand Alone

(in million Rp)
December 31, 2014
Net Receivables Based on Region
Jakarta,
Portfolio Bogor,
No East Java, Sulawesi, Central
Category Tangerang,
West Java Bali, NTT, Maluku, Kalimantan Sumatera Java and Total
Karawang,
and NTB and Papua Yogyakarta
Bekasi, and
Lampung
(2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Receivables on
24,511,012 - - - - - - 24,511,012
Sovereigns
2 Receivables on
Public Sector 589,051 - - - - - - 589,051
Entities
3 Receivables
on Multilateral
Development
- - - - - - - -
Banks and
International
Institutions
4 Receivables on
10,699,867 13,234 280,552 51,574 6 4,178 208,528 11,257,939
Banks
5 Loans Secured
by Residential 1,449,818 64,905 151,662 39,831 93,347 102,621 50,256 1,952,440
Property
6 Loans Secured by
Commercial Real 692,347 - 114,445 - - 50,110 - 856,902
Estate
7 Employee/Retired
- - - - - - - -
Loans
8 Receivables on
Micro, Small
13,906,300 3,858,123 6,513,815 5,660,965 3,653,801 9,669,918 4,958,815 48,221,737
Business & Retail
Portfolio
9 Receivables on
44,241,001 2,459,730 5,086,036 2,445,854 3,062,901 5,727,991 2,644,553 65,668,066
Corporate
10 Past Due
266,892 99,118 190,821 215,364 143,303 368,465 149,979 1,433,942
Receivables
11 Other Assets 3,660,883 247,852 540,669 524,851 337,533 685,094 417,480 6,414,362
12 Exposures at
Syariah Based
1,819,134 171,077 456,794 93,256 52,642 233,131 95,783 2,921,817
Business Activity
Unit (if any)
Total 101,836,305 6,914,039 13,334,794 9,031,695 7,343,533 16,841,508 8,525,394 163,827,268
Note:
The disclosure on net receivables are conducted for assets exposure in balance sheet, commitments/contigencies exposure for
off balance sheet transactions and counterparty credit exposures

December 31, 2013

Jakarta,
Bogor,
East Java, Sulawesi, Central
Tangerang,
Karawang,
Bekasi, and
Lampung
(11) (12) (13) (14) (15) (16) (17) (18)
22,612,824 - - - - - - 22,612,824
907,848 - - - - - - 907,848
- - - - - - - -
8,897,954 12,455 217,570 78,088 118 7,829 224,695 9,438,709
1,649,699 65,754 104,835 43,085 79,706 99,727 39,152 2,081,958
422,870 - 178,474 - - 83,665 - 685,009
- - - - - - - -
13,293,060 3,899,763 6,419,374 5,425,986 3,393,833 9,685,167 4,996,329 47,113,512
39,939,260 2,269,830 4,309,201 2,288,159 3,053,291 5,732,527 2,485,400 60,077,668
238,683 75,142 177,916 149,312 112,464 264,373 172,024 1,189,914
3,576,626 225,086 563,852 576,165 330,860 775,616 462,584 6,510,789
1,747,084 126,023 344,359 112,459 60,578 164,507 77,489 2,632,499
93,285,908 6,674,053 12,315,581 8,673,254 7,030,850 16,813,411 8,457,673 153,250,730

Risk Management
2.1.b. Disclosure of Net Receivables Based on Region-Consolidated

(in million Rp)
December 31, 2014
Jakarta,
Portfolio Bogor,
No East Java, Sulawesi, Central
Category Tangerang,
Karawang,
Bekasi dan
Lampung
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Receivables on
1 24,511,012 - - - - - - 24,511,012
Sovereigns
Receivables on
2 Public Sector 589,051 - - - - - - 589,051
Entities
Receivables
on Multilateral
Development
3 - - - - - - - -
Banks and
International
Institutions
Receivables on
4 11,350,172 46,715 317,630 75,947 43,974 33,887 239,928 12,108,253
Banks
Loans Secured
5 by Residential 1,449,818 64,905 151,662 39,831 93,347 102,621 50,256 1,952,440
Property
Loans Secured by
6 Commercial Real 692,347 - 114,445 - - 50,110 - 856,902
Estate
Employee/Retired
7 - - - - - - - -
Loans
Receivables on
Micro, Small
8 21,333,392 6,403,226 10,911,934 9,030,550 6,139,238 14,660,138 8,272,082 76,750,560
Business & Retail
Portfolio
Receivables on
9 44,170,778 2,459,730 5,086,036 2,445,854 3,062,901 5,727,991 2,644,553 65,597,843
Corporate
Past Due
10 370,432 145,382 242,680 250,747 181,441 439,321 184,771 1,814,774
Receivables
11 Other Assets 4,200,635 295,247 617,691 585,437 387,839 789,846 471,629 7,348,324
Exposures at
Syariah Based
12 1,819,134 171,077 456,794 93,256 52,642 233,131 95,783 2,921,817
Business Activity
Unit (if any)
Total 110,486,771 9,586,282 17,898,872 12,521,622 9,961,382 22,037,045 11,959,002 194,450,976
Note:
The disclosure on net receivables are conducted for assets exposure in balance sheet, commitments/contigencies exposure
for off balance sheet transactions and counterparty credit exposures

December 31, 2013

Jakarta,
Bogor,
Tangerang,
Karawang,
Bekasi, and
Lampung
(11) (12) (13) (14) (15) (16) (17) (18)
22,612,824 - - - - - - 22,612,824
907,848 - - - - - - 907,848
- - - - - - - -
9,394,480 56,673 274,570 99,250 49,622 45,564 271,287 10,191,446
1,649,699 65,754 104,835 43,085 79,706 99,727 39,152 2,081,958
422,870 - 178,474 - - 83,665 - 685,009
- - - - - - - -
20,813,576 6,524,187 10,986,630 8,659,193 6,129,285 14,762,044 8,308,349 76,183,264
39,902,772 2,269,830 4,309,201 2,288,159 3,053,291 5,732,527 2,485,400 60,041,180
303,034 102,431 219,551 177,699 149,227 330,501 193,765 1,476,208
4,045,782 270,307 648,204 638,024 388,625 882,817 521,710 7,395,469
1,747,084 126,023 344,359 112,459 60,578 164,507 77,489 2,632,499
101,799,969 9,415,205 17,065,824 12,017,869 9,910,334 22,101,352 11,897,152 184,207,705

Risk Management
2.2.a. Disclosure of Net Receivables Based on the Remaining Term of Contract-Bank Stand Alone
(in million Rp)
December 31, 2014
Net Receivables by Contractual Maturity
No. Portfolio Category
Non
1 year >1-3 Years >3-5 Years >5 Years Total
Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 11,348,541 1,652,057 289,027 128,229 11,093,158 24,511,012
2 Receivables on Public Sector Entities 272,924 316,127 - - - 589,051
Receivables on Multilateral Development - - - - - -
3
Banks and International Institutions
4 Receivables on Banks 9,582,440 971,418 373,474 281,387 49,220 11,257,939
5 Loans Secured by Residential Property 11,838 246,803 277,020 1,416,777 2 1,952,440
6 Loans Secured by Commercial Real Estate 451,484 95,067 107,877 202,474 - 856,902
7 Employee/Retired Loans - - - - - -
Receivables on Micro, Small Business & Retail 10,142,835 24,891,005 11,626,599 1,509,225 52,073 48,221,737
8
Portfolio
9 Receivables on Corporate 47,515,261 7,666,000 6,596,698 3,884,055 6,052 65,668,066
10 Past Due Receivables 261,936 518,224 302,702 67,648 283,432 1,433,942
11 Other Assets 649 - - - 6,413,713 6,414,362
Exposures at Syariah Based Business Activity 427,076 904,752 1,088,278 118,471 383,240 2,921,817
12
Unit (if any)
TOTAL 80,014,984 37,261,453 20,661,675 7,608,266 18,280,890 163,827,268
Note:
2.2.b. Disclosure of Net Receivables Based on the Remaining Term of Contract-Consolidated

(in million Rp)
December 31, 2014
No. Portfolio Category
Non
Contractual
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 11,348,541 1,652,057 289,027 128,229 11,093,158 24,511,012
2 Receivables on Public Sector Entities 272,924 316,127 - - - 589,051
Receivables on Multilateral Development - - - - - -
3
4 Receivables on Banks 10,121,685 1,282,487 373,474 281,387 49,220 12,108,253
5 Loans Secured by Residential Property 11,838 246,803 277,020 1,416,777 2 1,952,440
6 Loans Secured by Commercial Real Estate 451,484 95,067 107,877 202,474 - 856,902
Receivables on Micro, Small Business & Retail 14,580,019 45,086,931 15,522,312 1,509,225 52,073 76,750,560
8
Portfolio
9 Receivables on Corporate 47,515,261 7,666,000 6,526,475 3,884,055 6,052 65,597,843
10 Past Due Receivables 346,305 791,617 325,772 67,648 283,432 1,814,774
11 Other Assets 299,559 119,224 88,000 301 6,841,240 7,348,324
Exposures at Syariah Based Business Activity 427,076 904,752 1,088,278 118,471 383,240 2,921,817
12
Unit (if any)
TOTAL 85,374,692 58,161,065 24,598,235 7,608,567 18,708,417 194,450,976
Note:

December 31, 2013

Non
Contractual
(9) (10) (11) (12) (13) (14)
9,019,929 3,055,201 283,016 123,119 10,131,559 22,612,824
644,675 196,558 66,615 - - 907,848
- - - - - -
7,600,412 1,000,435 407,973 317,315 112,574 9,438,709

8,444 147,725 485,824 1,439,965 - 2,081,958
450,965 50,243 133,725 50,076 - 685,009
- - - - - -
11,151,916 23,677,999 10,951,868 1,283,636 48,093 47,113,512
42,431,763 7,635,621 6,772,788 3,229,014 8,482 60,077,668

248,370 454,570 245,641 61,520 179,813 1,189,914
966 1,308 - - 6,508,515 6,510,789
469,991 805,076 650,013 9,183 698,236 2,632,499
72,027,431 37,024,736 19,997,463 6,513,828 17,687,272 153,250,730
December 31, 2013

Non
Contractual
(9) (10) (11) (12) (13) (14)
9,019,929 3,055,201 283,016 123,119 10,131,559 22,612,824
644,675 196,558 66,615 - - 907,848
- - - - - -
8,287,509 1,066,075 407,973 317,315 112,574 10,191,446

8,444 147,725 485,824 1,439,965 - 2,081,958
450,965 50,243 133,725 50,076 - 685,009
- - - - - -
14,865,573 43,494,181 16,491,781 1,283,636 48,093 76,183,264
42,431,763 7,635,621 6,736,300 3,229,014 8,482 60,041,180

304,404 658,566 271,905 61,520 179,813 1,476,208
244,960 149,445 75,820 917 6,924,327 7,395,469
469,991 805,076 650,013 9,183 698,236 2,632,499
76,728,213 57,258,691 25,602,972 6,514,745 18,103,084 184,207,705

2.3.a. Disclosure of Net Receivables Based on Economic Sector-Bank Stand Alone

(in million Rp)
Receivables
Receivables
Receivables on Multilateral
on Public Receivables
No. Economic Sectors on Development Banks
Sector on Banks
Sovereigns and International
Entities
Institutions
(1) (2) (3) (4) (5) (6)

December 31, 2014
1 Agriculture, Hunting and Forestry - - - -
2 Fishery - - - -
3 Mining and Quarrying - - - -
4 Manufacturing - - - -
5 Electricity, Gas and Water - - - -
6 Construction - 3,775 - -
7 Wholesale and Retail Trading - 10,213 - -
8 Hotel and Food & Beverage - - - -
9 Transportation, Warehousing and Communications - - - -
10 Financial Intermediary - - - 11,257,939
11 Real Estate, Rental and Business Services - 273 - -
Public Administration, Defense and Compulsory Social - - - -
12
Security
13 Education Services - - - -
14 Human Health and Social Work Activities - - - -
Public, Socio-Culture, Entertainment and Other Personal - - - -
15
Services
16 Activities of Households as Employers - - - -
International Institution and Other Extra International - - - -
17
Agencies
18 Undefined Activities - - - -
19 Non Business Field - - - -
20 Others 24,511,012 574,790 - -
Total 24,511,012 589,051 - 11,257,939
December 31, 2013

2 Fishery - - - -
11 Real Estate, Rental and Business Services - - - -
Public Administration, Defense and Compulsory Social - - - -
12
Security
Public, Socio-Culture, Entertainment and Other Personal - - - -
15
Services
International Institution and Other Extra International - - - -
17
Agencies
20 Others 22,612,824 834,227 - -
Total 22,612,824 907,848 - 9,438,709
Note:
1. The disclosure on net receivables are conducted for assets exposure in balance sheet, commitments/contigencies exposure for off balance sheet transactions
and counterparty credit exposures
2. Economic sector refers to economic sector used in Laporan Bulanan Bank Umum (LBU). Net Receivables to bank without sector economy information in LBU is
classified as Financial Intermediary, while other than that is classified as Others

Exposures
Loans Loans Receivables on Receivables at Syariah
Employee/
Secured by Secured by Micro, Small on Past Due Other Based
Retired
Residential Commercial Business & Retail Corporate Receivables Assets Business
Loans
Property Real Estate Portfolio Portfolio Activity Unit
(if any)
(7) (8) (9) (10) (11) (12) (13) (14)
- - - 1,389,436 1,533,888 44,023 - 30,206

- - - 72,832 5,103 5,779 - -
- - - 17,405 1,369,654 61,165 - 25,517
- - - 1,724,061 16,767,153 108,313 - 17,320
- - - 3,212 112,739 3 - -
- 333,749 - 68,016 824,686 25,517 - 67,757
- - - 12,885,306 22,045,216 723,015 - 208,780
- - - 1,132,193 972,065 39,167 - 435
- - - 493,742 4,369,621 29,697 - 54,544
- - - 418 1,962,145 - - 1,913,770
- 523,153 - 773,117 2,865,390 92,126 - 39,249
- - - 920 - - - -
- - - 23,849 12,669 798 - -

- - - 209,520 9,516 5,265 - 17
- - - 1,031,027 243,591 37,552 - 32,999
- - - 3,223 - 44 - 27
- - - 2,980 - 2 - -
- - - - - - - 2,115
1,952,440 - - 26,943,040 1,046,153 261,476 - 70,841
- - - 1,447,440 11,528,477 - 6,414,362 458,240
1,952,440 856,902 - 48,221,737 65,668,066 1,433,942 6,414,362 2,921,817
- - - 1,523,600 1,271,714 53,292 - -

- - - 91,675 9,132 4,895 - -
- - - 23,413 2,149,622 69,246 - -
- - - 1,759,969 17,080,430 63,301 - -
- - - 4,356 14,376 10 - -
- 304,491 - 63,674 781,480 3,763 - -
- - - 13,369,059 19,656,462 559,542 - 54,771
- - - 1,105,824 766,339 28,963 - 39
- - - 436,829 4,145,781 20,527 - 1,460,091
- - - 864 2,194,044 - - 149,263
- 380,518 - 873,380 3,427,857 67,236 - -
- - - 935 - - - -
- - - 20,620 10,164 3,763 - -

- - - 195,851 122,570 5,155 - -
- - - 994,674 212,832 30,426 - -
- - - 4,794 - 331 - -
- - - 5,251 - 32 w- -
- - - - - - - 173,515
2,081,958 - - 25,272,006 945,639 279,432 - 20,342
- - - 1,366,738 7,289,226 - 6,510,789 774,478
2,081,958 685,009 - 47,113,512 60,077,668 1,189,914 6,510,789 2,632,499

2.3.b. Disclosure of Net Receivables Based on Economic Sector-Consolidated

(in million Rp)
Receivables
Receivables
on Public Receivables
No. Economic Sectors on Development Banks
Sector on Banks
Sovereigns and International
Entities
Institutions
(1) (2) (3) (4) (5) (6)

December 31, 2014
2 Fishery - - - -
11 Real Estate, Rental and Business Services - 273 - -
Public Administration, Defense and Compulsory Social
12 - - - -
Security
Public, Socio-Culture, Entertainment and Other Personal
15 - - - -
Services
International Institution and Other Extra International
17 - - - -
Agencies
20 Others 24,511,012 574,790 - -
Total 24,511,012 589,051 0 12,108,253
December 31, 2013

2 Fishery - - - -
11 Real Estate, Rental and Business Services - - - -
Public Administration, Defense and Compulsory Social
12 - - - -
Security
Public, Socio-Culture, Entertainment and Other Personal
15 - - - -
Services
International Institution and Other Extra International
17 - - - -
Agencies
20 Others 22,612,824 834,227 - -
Total 22,612,824 907,848 - 10,191,446
Note:
1. The disclosure on net receivables are conducted for assets exposure in balance sheet, commitments/contigencies exposure for off balance sheet transactions
and counterparty credit exposures
2. Economic sector refers to economic sector used in Laporan Bulanan Bank Umum (LBU). Net Receivables to bank without sector economy information in LBU is
classified as Financial Intermediary, while other than that is classified as Others

Exposures
Loans Loans Receivables on Receivables at Syariah
Employee/
Secured by Secured by Micro, Small on Past Due Other Based
Retired
Residential Commercial Business & Retail Corporate Receivables Assets Business
Loans
Property Real Estate Portfolio Portfolio Activity Unit
(if any)
(7) (8) (9) (10) (11) (12) (13) (14)
- - - 1,389,436 1,533,888 44,023 - 30,206

- - - 72,832 5,103 5,779 - 0
- - - 17,405 1,369,654 61,165 - 25,517
- - - 1,724,061 16,767,153 108,313 - 17,320
- - - 3,212 112,739 3 - -
- 333,749 - 68,016 824,686 25,517 - 67,757
- - - 12,885,306 22,045,216 723,015 - 208,780
- - - 1,132,193 972,065 39,167 - 435
- - - 493,742 4,369,621 29,697 - 54,544
- - - - 418 1,962,145 - - 1,913,770
- 523,153 - 773,117 2,865,390 92,126 - 39,249
- - - 920 - - - -
- - - 23,849 12,669 798 - -
- - - 209,520 9,516 5,265 - 17
- - - 1,031,027 243,591 37,552 - 32,999
- - - 3,223 - 44 - 27
- - - 2,980 - 2 - -
- - - - - - - 2,115
1,952,440 - - 55,471,863 1,046,153 642,308 - 70,841
- - - 1,447,440 11,458,254 - 7,348,324 458,240
1,952,440 856,902 - 76,750,560 65,597,843 1,814,774 7,348,324 2,921,817
- - - 1,523,600 1,271,714 53,292 - -

- - - 91,675 9,132 4,895 - -
- - - 23,413 2,149,622 69,246 - -
- - - 1,759,969 17,080,430 63,301 - -
- - - 4,356 14,376 10 - -
- 304,491 - 63,674 781,480 3,763 - -
- - - 13,369,059 19,656,462 559,542 - 54,771
- - - 1,105,824 766,339 28,963 - 39
- - - 436,829 4,145,781 20,527 - 1,460,091
- - - 864 2,194,044 - - 149,263
- 380,518 - 873,380 3,427,857 67,236 - -
- - - 935 - - - -
- - - 20,620 10,164 3,763 - -
- - - 195,851 122,570 5,155 - -
- - - 994,674 212,832 30,426 - -
- - - 4,794 - 331 - -
- - - 5,251 - 32 - -
- - - - - - - 173,515
2,081,958 - - 54,341,758 945,639 565,726 - 20,342
- - - 1,366,738 7,252,738 - 7,395,469 774,478
2,081,958 685,009 - 76,183,264 60,041,180 1,476,208 7,395,469 2,632,499

Risk Management
2.4.a. Disclosure of Receivables and Provisioning Based on Region-Bank Stand Alone

(in million Rp)
December 31, 2014
Jakarta,
No Portfolio Category Bogor,
Tangerang, West Sumatera
Bali, NTT, Maluku, Kalimantan Java and Total
Karawang, Java
Bekasi, and
Lampung
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Receivables 103,087,650 7,010,578 13,485,087 9,219,221 7,450,247 17,126,773 8,695,419 166,074,975
2 Impaired Receivables
a. Non Past Due 1,549,275 114,476 209,369 232,891 228,021 385,247 186,357 2,905,636
b. Past Due 412,325 145,536 251,227 291,972 168,082 348,003 212,141 1,829,286
Allowance for
3 Impairment Losses- 521,129 - 10,091 5,959 40,562 9,599 6,196 593,536
Individual
Allowance for
4 Impairment Losses- 823,806 165,399 276,899 232,554 120,999 385,894 230,936 2,236,487
Collective
Written-Off
5 631,265 218,046 358,394 256,279 154,201 510,771 302,322 2,431,278
Receivables
2.4.b. Disclosure of Receivables and Provisioning Based on Region-Consolidated

(in million Rp)
December 31, 2014
Jakarta,
No Portfolio Category Bogor,
Tangerang, West Sumatera
Bali, NTT, Maluku, Kalimantan Java and Total
Karawang, Java
Bekasi, and
Lampung
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Receivables 111,140,917 9,724,508 18,106,516 12,740,519 10,099,906 22,389,213 12,166,308 196,367,887
2 Impaired Receivables - - - - - - -
a. Non Past Due 1,554,335 114,774 210,394 245,831 270,376 408,606 202,473 3,006,789
b. Past Due 562,655 212,413 327,572 349,302 266,919 464,052 301,196 2,484,109
Allowance for
3 Impairment Losses- 521,129 - 10,091 5,959 40,562 9,599 6,196 593,536
Individual
Allowance for
4 Impairment Losses- 1,117,793 284,981 468,560 328,840 220,065 596,234 366,404 3,382,877
Collective
Written-Off
5 631,265 218,046 358,394 256,279 154,201 510,771 302,322 2,431,278
Receivables

December 31, 2013
Jakarta,
Bogor,
Tangerang, Sumatera
West Java Bali, NTT, Maluku, Kalimantan Java and Total
Karawang,
Bekasi, and
Lampung
(11) (12) (13) (14) (15) (16) (17) (18)
93,661,060 6,745,819 12,419,401 8,797,261 7,102,832 17,038,939 8,617,494 154,382,806
- - - - - - - -
831,906 96,698 121,603 217,727 205,472 216,338 183,028 1,872,772
588,410 110,169 222,518 209,345 128,964 349,602 241,193 1,850,201
296,071 - - 1,156 7,778 25,891 3,097 333,993
787,655 143,006 262,370 167,760 114,417 316,779 235,789 2,027,776
910,773 233,729 369,582 213,332 185,744 547,974 349,692 2,810,826
December 31, 2013
Jakarta,
Bogor,
Tangerang, Sumatera
West Java Bali, NTT, Maluku, Kalimantan Java and Total
Karawang,
Bekasi, and
Lampung
(11) (12) (13) (14) (15) (16) (17) (18)
101,567,115 9,510,378 17,208,209 12,163,399 10,008,031 22,379,761 12,078,376 184,915,269
- - - - - - -
841,421 98,184 124,728 226,523 221,619 232,533 185,275 1,930,283
686,710 148,869 281,290 254,472 187,966 445,828 273,664 2,278,799
296,071 - - 1,156 7,778 25,891 3,097 333,993
1,029,176 237,103 421,782 238,211 202,808 487,765 338,882 2,955,727
910,773 233,729 369,582 213,332 185,744 547,974 349,692 2,810,826

Risk Management
2.5.a. Disclosure of Receivables and Provisioning Based on Economic Sector- Bank Stand Alone
December 31, 2014 (in million Rp)
Impaired Receivables Allowance for Allowance for
Impairment Impairment Written-Off
No Economic Sectors Receivables Non Past
Past Due Losses- Losses- Receivables
Due Individual Collective
(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting and Forestry 3,049,426 81,526 82,975 - 67,186 133,197
2 Fishery 89,319 7,330 10,011 - 5,863 8,854
3 Mining and Quarrying 1,891,046 817,213 25,097 410,127 14,177 12,254
4 Manufacturing 18,730,226 368,130 93,137 87,401 193,868 148,836
5 Electricity, Gas and Water 115,962 63 5 - 674 -
6 Construction 1,342,479 4,526 31,099 14,618 10,720 2,351
7 Wholesale and Retail Trading 36,506,047 794,918 786,135 10,831 786,619 944,332
8 Hotel and Food & Beverage 2,187,148 63,855 52,823 - 52,123 64,581
9 Transportation, Warehousing
5,007,677 402,504 55,828 40,667 51,609 22,920
and Communications
10 Financial Intermediary 14,982,708 2,618 10,308 - 40,320 2
11 Real Estate, Rental and Business
4,353,707 190,522 119,835 29,821 70,341 55,639
Services
12 Public Administration, Defense
920 - - - 4 -
and Compulsory Social Security
13 Education Services 37,773 1,949 727 - 587 304
14 Health Services and Social
228,072 9,452 6,324 - 4,378 6,387
Activity
15 Public, Socio-Culture,
Entertainment and Other 1,391,075 90,527 67,446 71 50,986 60,989
Personal Services
16 Personal Services Serving
3,748 1,808 453 - 473 155
Households
17 International Institution and Other
4,524 2,994 1,464 - 1,558 234
Extra International Agencies
18 Undefined Activities 2,130 - - - 21 354
19 Non Business Field 30,677,848 65,701 465,120 - 855,875 962,412
20 Others 45,473,140 - 20,499 - 29,105 7,477
Total 166,074,975 2,905,636 1,829,286 593,536 2,236,487 2,431,278


(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting and Forestry 2,907,337 50,239 98,663 20,532 52,472 76,912
2 Fishery 109,381 5,373 7,620 - 3,972 10,936
4 Manufacturing 18,965,305 156,403 83,439 1,170 219,338 523,769
5 Electricity, Gas and Water 18,775 51 12 - 108 85
6 Construction 1,218,003 46,208 1,420 463 8,210 7,935
Transportation, Warehousing
9 6,072,775 141,228 23,741 1,723 85,218 20,795
and Communications
10 Financial Intermediary 11,653,886 - - - 26,707 332
Real Estate, Rental and Business
11 4,749,768 193,193 96,894 2,812 52,182 75,317
Services
Public Administration, Defense
12 935 - - - 4 -
13 Education Services 35,724 1,069 810 - 1,287 750
Health Services and Social
14 327,640 6,827 7,367 - 5,028 5,897
Activity
Public, Socio-Culture,
15 Entertainment and Other 1,275,043 67,778 52,038 - 41,510 58,416
Personal Services
Personal Services Serving
16 5,269 2,991 89 - 158 600
Households
International Institution and Other
17 5,356 5,221 - - 96 201
19 Non Business Field 28,951,018 54,911 429,633 - 819,542 1,104,658
20 Others 39,366,795 - 109,866 23,291 26,092 9,076
Total 154,382,806 1,872,772 1,850,201 333,993 2,027,776 2,810,826

Risk Management
2.5.b. Disclosure of Receivables and Provisioning Based on Economic Sector-Consolidated

(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting and Forestry 3,049,426 81,526 82,975 - 67,186 133,197
2 Fishery 89,319 7,330 10,011 - 5,863 8,854
4 Manufacturing 18,730,226 368,130 93,137 87,401 193,868 148,836
5 Electricity, Gas and Water 115,962 63 5 - 674 -
6 Construction 1,342,479 4,526 31,099 14,618 10,720 2,351
9 Transportation, Warehousing
5,007,677 402,504 55,828 40,667 51,609 22,920
and Communications
10 Financial Intermediary 15,509,567 2,618 10,308 - 40,320 2
11 Real Estate, Rental and Business
4,353,707 190,522 119,835 29,821 70,341 55,639
Services
12 Public Administration, Defense
920 - - - 4 -
13 Education Services 37,773 1,949 727 - 587 304
14 Health Services and Social
228,072 9,452 6,324 - 4,378 6,387
Activity
15 Public, Socio-Culture,
Entertainment and Other 1,391,075 90,527 67,446 71 50,986 60,989
Personal Services
16 Personal Services Serving
3,748 1,808 453 - 473 155
Households
17 International Institution and Other
4,524 2,994 1,464 - 1,558 234
19 Non Business Field 59,950,480 166,854 1,119,943 - 2,002,265 962,412
20 Others 45,966,561 - 20,499 - 29,105 7,477
Total 196,367,887 3,006,789 2,484,109 593,536 3,382,877 2,431,278
-


(1) (2) (3) (4) (5) (6) (7) (8)
1 Agriculture, Hunting and Forestry 2,907,337 50,239 98,663 20,532 52,472 76,912
2 Fishery 109,381 5,373 7,620 - 3,972 10,936
4 Manufacturing 18,965,305 156,403 83,439 1,170 219,338 523,769
5 Electricity, Gas and Water 18,775 51 12 - 108 85
6 Construction 1,218,003 46,208 1,420 463 8,210 7,935
Transportation, Warehousing
9 6,072,775 141,228 23,741 1,723 85,218 20,795
and Communications
10 Financial Intermediary 12,327,974 - - - 26,707 332
Real Estate, Rental and Business
11 4,749,768 193,193 96,894 2,812 52,182 75,317
Services
Public Administration, Defense
12 935 - - - 4 -
13 Education Services 35,724 1,069 810 - 1,287 750
Health Services and Social
14 327,640 6,827 7,367 - 5,028 5,897
Activity
Public, Socio-Culture,
15 Entertainment and Other 1,275,043 67,778 52,038 - 41,510 58,416
Personal Services
Personal Services Serving
16 5,269 2,991 89 - 158 600
Households
International Institution and Other
17 5,356 5,221 - - 96 201
19 Non Business Field 58,553,661 112,422 858,232 - 1,747,493 1,104,658
20 Others 39,622,527 - 109,865 23,291 26,092 9,076
Total 184,915,269 1,930,283 2,278,799 333,993 2,955,727 2,810,826

Risk Management
2.6.a. Disclosure of Movements Details of Loan Loss Provision- Bank Stand Alone
(in million Rp)
December 31, 2014 December 31, 2013
Allowance Allowance Allowance Allowance
No Description for for for for
Impairment Impairment Impairment Impairment
Losses- Losses- Losses- Losses-
Individual Collective Individual Collective
(1) (2) (3) (4) (5) (6)
1 Beginning balance of allowance for impairment
333,993 2,027,775 559,207 1,788,189
Losses
2 Additional/reversal allowance for impairment losses
381,476 1,936,351 273,626 1,793,666
during the year (net)
3 Allowance for impairment losses used to cover written off
(108,870) (2,322,408) (530,808) (2,280,018)
receivables during the year
4 Others additional allowance during the year (13,063) 594,769 31,968 725,939
Ending Balance of Allowance for Impairment Losses 593,536 2,236,487 333,993 2,027,776
2.6.b. Disclosure of Movements Details of Loan Loss Provision- Consolidated

(in million Rp)
Allowance Allowance Allowance Allowance
No Description for for for for
Impairment Impairment Impairment Impairment
Losses- Losses- Losses- Losses-
Individual Collective Individual Collective
(1) (2) (3) (4) (5) (6)
1 Beginning balance of allowance for impairment
333,993 2,955,726 559,207 2,559,170
Losses
2 Additional/reversal allowance for impairment losses
381,476 3,760,378 273,626 3,088,174
during the year (net)
3 Allowance for impairment losses used to cover written off
(108,870) (3,927,996) (530,808) (3,417,556)
receivables during the year
4 Others additional allowance during the year (13,063) 594,769 31,968 725,939
Ending Balance of Allowance for Impairment Losses 593,536 3,382,877 333,993 2,955,727

9. Disclosure of Credit Risk With Standardized Approach

Danamon currently complies with the prevailing regulation of Bank Indonesia on Risk Weighted
Assets calculation using the standardized approach, in line with PBI No.10/18/2008, ratified on 24
September 2008
RWA calculation with standardized approach in general is based on the calculation of ratings issued
by rating agencies recognized by Bank Indonesia.
Use of Ratings
Danamon currently only uses ratings for securities portfolios. The ratings used by the Bank at
present are the current ratings issued by agencies recognized by Bank Indonesia in line with Bank
Indonesias regulation, namely Pefindo, Standard & Poors, and Moodys.
The determination of risk weights on the loans in the form of securities is based on the issue of
ratings: if the securities do not have a rating then the specifying of risk weight is based on the
receivables without ratings.

3.1.a. Disclosure of Net Receivables based on Portfolio Categories and Ratings- Bank Stand Alone
Rating Company Long Term Rating

AA+ s.d BBB+ s.d
Standard and Poors AAA A+ s.d A-
AA- BBB-
AA+ s.d BBB+ s.d
Fitch Rating AAA A+ s.d A-
AA- BBB-
Aa1 s.d Baa1 s.d
Portfolio Category Moodys Aaa A1 s.d A3
Aa3 Baa3
PT. Fitch Ratings AA+(idn) A+(idn) BBB+(idn) s.d
AAA (idn)
Indonesia s.d AA-(idn) s.d. A-(idn) BBB-(idn)
[Idr]AA+ [Idr]A+ s.d [Idr]BBB+ s.d
PT ICRA Indonesia [Idr]AAA
s.d [Idr]AA- [Idr]A- [Idr]BBB-
PT Pemeringkat Efek idAA+ s.d idA+ s.d id BBB+ s.d
idAAA
Indonesia idAA- id A- id BBB-
(1) (2) (3) (4) (5) (6) (7)
1 Receivables on Sovereigns - - - 9,738,858
2 Receivables on Public Sector Entities 179,511 131,236 - 171,510
3 Receivables on Multilateral Development Banks and International
- - - -
Institutions
4 Receivables on Banks 674,958 129,315 - 100,335
5 Loans Secured by Residential Property
6 Loans Secured by Commercial Real Estate
7 Employee/Retired Loans
8 Receivables on Micro, Small Business & Retail Portfolio
9 Receivables on Corporate 560,291 482,942 679,484 -
10 Past Due Receivables
11 Other Assets
12 Exposures at Syariah Based Business Activity Unit (if any) 50,000 - 25,000 -
TOTAL 1,464,760 743,493 704,484 10,010,703
December 31, 2013 (in million)

AA+ s.d BBB+ s.d
Standard and Poors AAA A+ s.d A-
AA- BBB-
AA+ s.d BBB+ s.d
Fitch Rating AAA A+ s.d A-
AA- BBB-
Aa1 s.d Baa1 s.d
Portfolio Category Moodys Aaa A1 s.d A3
Aa3 Baa3
PT. Fitch Ratings AA+(idn) A+(idn) BBB+(idn) s.d
AAA (idn)
Indonesia s.d AA-(idn) s.d. A-(idn) BBB-(idn)
[Idr]AA+ [Idr]A+ s.d [Idr]BBB+ s.d
s.d [Idr]AA- [Idr]A- [Idr]BBB-
PT Pemeringkat Efek idAA+ s.d idA+ s.d id BBB+ s.d
idAAA
Indonesia idAA- id A- id BBB-
(1) (2) (3) (4) (5) (6) (7)
2 Receivables on Public Sector Entities 201,583 110,471 - -
- - - -
Institutions
9 Receivables on Corporate - 812,072 478,203 -
11 Other Assets
12 Exposures at Syariah Based Business Activity Unit (if any) - 50,000 25,000 -
TOTAL 960,513 1,163,723 503,203 8,724,840
Note:

Net Receivables
Short Term Rating
Kurang dari
BB+ s.d BB- B+ s.d B- Kurang dari B- A-1 A-2 A-3
A-3
Kurang dari
BB+ s.d BB- B+ s.d B- Kurang dari B- F1+ s.d F1 F2 F3
F3
Kurang dari
Ba1 s.d Ba3 B1 s.d B3 Kurang dari B3 P-1 P-2 P-3
P-3 Unrated Total
BB+(idn) s.d B+(idn) s.d Kurang dari F1+(idn) s.d Kurang dari
F2(idn) F3(idn)
BB-(idn) B-(idn) B-(idn) F1(idn) F3(idn)
[Idr]BB+ s.d [Idr]B+ s.d Kurang dari [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d Kurang dari
[Idr]BB- [Idr]B- [Idr]B- [Idr]A1 A2 [Idr] A3 [Idr]A3
id BB+ s.d id Kurang dari
id B+ s.d id B- Kurang dari idB- idA1 idA2 idA3 s.d id A4
BB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 14,772,154 24,511,012
- - - - - - - 106,794 589,051
- - - - - - - - -
89,675 - - - - - - 10,263,656 11,257,939
1,952,440 1,952,440
856,902 856,902
- -
48,221,737 48,221,737
60,893 - - - - - - 63,884,456 65,668,066
1,433,942 1,433,942
6,414,362 6,414,362
- - 20,000 - - - - 2,826,817 2,921,817
150,568 - 20,000 - - - - 150,733,260 163,827,268
Net Receivables
Short Term Rating
Kurang dari
A-3
Kurang dari
F3
Kurang dari
P-3 Unrated Total
F2(idn) F3(idn)
[Idr]BB+ s.d [Idr]B+ s.d Kurang dari [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d Kurang dari
[Idr]BB- [Idr]B- [Idr]B- [Idr]A1 A2 [Idr] A3 [Idr]A3
BB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 13,933,888 22,612,824
80,176 - - - - - - 515,618 907,848
- - - - - - - - -
- - - - - - - 8,442,695 9,438,709
2,081,958 2,081,958
685,009 685,009
- -
47,113,512 47,113,512
- - - - - - - 58,787,393 60,077,668
1,189,914 1,189,914
6,510,789 6,510,789
- - - - - - - 2,557,499 2,632,499
80,176 - - - - - - 141,818,275 153,250,730

3.1.b. Disclosure of Net Receivables based on Portfolio Categories and Ratings-Consolidated.


Standard and Poors AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB-
Fitch Rating AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB-
Baa1 s.d
Portfolio Category Moodys Aaa Aa1 s.d Aa3 A1 s.d A3
Baa3
PT. Fitch Ratings AA+(idn) s.d A+(idn) s.d. BBB+(idn) s.d
AAA (idn)
Indonesia AA-(idn) A-(idn) BBB-(idn)
[Idr]AA+ s.d [Idr]A+ s.d [Idr]BBB+ s.d
[Idr]AA- [Idr]A- [Idr]BBB-
PT Pemeringkat Efek idAA+ s.d idA+ s.d id BBB+ s.d id
idAAA
Indonesia idAA- id A- BBB-
(1) (2) (3) (4) (5) (6) (7)
2 Receivables on Public Sector Entities 179,511 131,236 - 171,510
- - - -
Institutions
9 Receivables on Corporate 560,291 482,942 679,484 -
11 Other Assets
12 Exposures at Syariah Based Business Activity Unit (if any) 50,000 - 25,000 -
TOTAL 1,464,760 743,493 704,484 10,010,703

Standard and Poors AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB-
Fitch Rating AAA AA+ s.d AA- A+ s.d A- BBB+ s.d BBB-
Baa1 s.d
Portfolio Category Moodys Aaa Aa1 s.d Aa3 A1 s.d A3
Baa3
PT. Fitch Ratings AA+(idn) s.d A+(idn) s.d. BBB+(idn) s.d
AAA (idn)
Indonesia AA-(idn) A-(idn) BBB-(idn)
[Idr]AA+ s.d [Idr]A+ s.d [Idr]BBB+ s.d
[Idr]AA- [Idr]A- [Idr]BBB-
PT Pemeringkat Efek idAA+ s.d idA+ s.d id BBB+ s.d id
idAAA
Indonesia idAA- id A- BBB-
(1) (2) (3) (4) (5) (6) (7)
2 Receivables on Public Sector Entities 201,583 110,471 - -
- - - -
Institutions
9 Receivables on Corporate - 812,072 478,203 -
11 Other Assets
12 Exposures at Syariah Based Business Activity Unit (if any) - 50,000 25,000 -
TOTAL 960,513 1,163,723 503,203 8,724,840
Note:

Net Receivables
Short Term Rating
Kurang dari
A-3
Kurang dari
F3
Kurang dari
P-3 Unrated Total
F2(idn) F3(idn)
[Idr]BB+ s.d Kurang dari [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d [Idr] Kurang dari
[Idr]B+ s.d [Idr]B-
[Idr]BB- [Idr]B- [Idr]A1 A2 A3 [Idr]A3
BB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 14,772,154 24,511,012
- - - - - - - 106,794 589,051
- - - - - - - - -
89,675 - - - - - - 11,113,970 12,108,253
1,952,440 1,952,440
856,902 856,902
- -
76,750,560 76,750,560
60,893 - - - - - - 63,814,233 65,597,843
1,814,774 1,814,774
7,348,324 7,348,324
- - 20,000 - - - - 2,826,817 2,921,817
150,568 - 20,000 - - - - 181,356,968 194,450,976
Net Receivables
Short Term Rating
Kurang dari
A-3
Kurang dari
F3
Kurang dari
P-3 Unrated Total
F2(idn) F3(idn)
[Idr]BB+ s.d Kurang dari [Idr]A1+ s.d [Idr]A2+ s.d [Idr]A3+ s.d [Idr] Kurang dari
[Idr]B+ s.d [Idr]B-
[Idr]BB- [Idr]B- [Idr]A1 A2 A3 [Idr]A3
BB- idA4
(8) (9) (10) (11) (12) (13) (14) (15) (16)
- - - - - - - 13,933,888 22,612,824
80,176 - - - - - - 515,618 907,848
- - - - - - - - -
- - - - - - - 9,195,432 10,191,446
2,081,958 2,081,958
685,009 685,009
- -
76,183,264 76,183,264
- - - - - - - 58,750,905 60,041,180
1,476,208 1,476,208
7,395,469 7,395,469
- - - - - - - 2,557,499 2,632,499
80,176 - - - - - - 172,775,250 184,207,705

Risk Management
10. Credit Risk Due to Failure of Counterparty

Counterparty Credit Risk arises from the type of transactions that generally are affected by the
following characteristics:
Transactions affected by the movements of fair value or market value.
Fair value of transactions is affected by the movements of certain market variables.
Transactions resulting in exchange of cash flows or financial instruments.
Bilateral in nature.
One of the transactions that cause counterparty credit risk due to counterparty failure is a derivative
transaction of over the counter (OTC) transactions and repo/reverse transactions, for both the
position of Trading Book and Banking Book.
For both Repo and Reverse Repo transactions, the Bank refers to in SEBI No.13/6/DPNP on
Guidelines on Risk Weighted Assets calculation for Credit Risk, based on a Standardized Approach.
For Repo Transactions, Bank recorded the positive difference between the net carrying values of
securities as the underlying repo with carrying values of obligated repo. Net carrying value is the
value recorded after deducting loan loss provisions from securities.
As for Reverse Repo Transactions, Bank recorded reverse repo receivables after deducting the loan
loss provisions from receivables.
The following tables present the disclosure of counterparty credit risk.

Table 3.2.a. Disclosure of counterparty credit risk: Derivative Transactions

(in million Rp)
December 31, 2014
Underlying Notional Amount Net Net
No Derivative Derivative
Variables >1 year- Receivables CRM Receivables
1 year >5 years Receivables Liabilities
5 years before CRM after CRM
BANK STAND ALONE
1 Interest Rate 305,573 1,868,531 - 1,385 22 10,728 - 10,728
Exchange
2 7,441,175 1,713,258 - 240,882 101,416 400,957 - 400,957
Rate
3 Others
TOTAL 7,746,748 3,581,789 - 242,267 101,438 411,684 - 411,684
CONSOLIDATED
1 Interest Rate 1,544,073 7,524,348 - 1,385 22 39,007 - 39,007
Exchange
2 8,679,675 7,369,075 - 459,906 129,239 915,157 - 915,157
Rate
3 Shares
4 Gold
Metal other
5
than Gold
6 Others
TOTAL 10,223,748 14,893,423 - 461,291 129,261 954,163 - 954,163
(in million Rp)

December 31, 2013
Underlying Notional Amount Net Net
No Derivative Derivative
Variables >1 year- Receivables CRM Receivables
1 year >5 years Receivables Liabilities
5 years before CRM after CRM
BANK STAND ALONE
1 Interest Rate 1,589,172 1,685,125 - 4,295 177 12,721 - 12,721
Exchange
2 10,200,156 1,484,740 - 735,705 456,034 911,944 - 911,944
Rate
3 Others
TOTAL 11,789,328 3,169,865 - 740,000 456,211 924,664 - 924,664
CONSOLIDATED
1 Interest Rate 4,099,235 2,658,725 - 4,295 177 17,589 - 17,589
Exchange
2 12,710,219 2,458,340 - 1,170,222 458,673 1,420,241 - 1,420,241
Rate
3 Shares
4 Gold
Metal other
5
than Gold
6 Others
TOTAL 16,809,454 5,117,065 - 1,174,517 458,850 1,437,830 - 1,437,830

Risk Management
3.2.b.1. Disclosure of counterparty credit risk: Repo transactions-Bank Stand Alone

(in million Rp)
Fair Fair
Value of Value of
No Portfolio Category Securities Repo Net Securities Repo Net
RWA RWA
Sold Under Liabilities Receivables Sold Under Liabilities Receivables
Repo Repo
Agreement Agreement
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Receivables on
1 933,094 750,000 183,094 - 937,500 759,245 178,255 -
Sovereigns
Receivables on Public
2
Sector Entities
Receivables
on Multilateral
3 Development Banks
and International
Institutions
4 Receivables on Banks
Receivables on
5 Micro, Small Business
& Retail Portfolio
Receivables on
6
Corporate
Exposures at Syariah
7
Business Unit (if any)
TOTAL 933,094 750,000 183,094 - 937,500 759,245 178,255 -
3.2.b.2. Disclosure of counterparty credit risk: Repo transactions-Consolidated

(in million Rp)
Fair Fair
Value of Value of
No Portfolio Category Securities Repo Net Securities Repo Net
RWA RWA
Sold Under Liabilities Receivables Sold Under Liabilities Receivables
Repo Repo
Agreement Agreement
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Receivables on
1 933,094 750,000 183,094 - 937,500 759,245 178,255 -
Sovereigns
2
Sector Entities
Receivables
on Multilateral
3 Development Banks
and International
Institutions
4 Receivables on Banks
Receivables on
5 Micro, Small Business
& Retail Portfolio
Receivables on
6
Corporate
7
TOTAL 933,094 750,000 183,094 - 937,500 759,245 178,255 -

3.2.c.1. Disclosure of counterparty credit risk: Reverse Repo transactions-Bank Stand Alone
(in million Rp)
No Portfolio Category Net Net
Net CRM RWA after Net CRM RWA after
Receivables Receivables
Receivables Value CRM Receivables Value CRM
after CRM after CRM
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Receivables on
1 542,833 - 542,833 - - - - -
Sovereigns
2 - - - - - - - -
Sector Entities
Receivables
on Multilateral
3 Development Banks - - - - - - - -
and International
Institutions
4 Receivables on Banks - - - - - - - -
Receivables on
5 Micro, Small Business - - - - - - - -
& Retail Portfolio
Receivables on
6 - - - - - - - -
Corporate
7
TOTAL 542,833 - 542,833 - - - - -
3.2.c.2. Disclosure of counterparty credit risk: Reverse Repo transactions-Consolidated

(in million Rp)
No Portfolio Category Net Net
Net CRM RWA after Net CRM RWA after
Receivables Receivables
Receivables Value CRM Receivables Value CRM
after CRM after CRM
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
Receivables on
1 542,833 - 542,833 - - - - -
Sovereigns
2 - - - - - - - -
Sector Entities
Receivables
on Multilateral
3 Development Banks - - - - - - - -
and International
Institutions
4 Receivables on Banks - - - - - - - -
Receivables on
5 Micro, Small Business - - - - - - - -
& Retail Portfolio
Receivables on
6 - - - - - - - -
Corporate
7
TOTAL 542,833 - 542,833 - - - - -

Risk Management
11. Credit Risks Mitigation Disclosure If, after the assessment, there is a difference in
Danamon takes into consideration the results between internal and external assessors,
collateral availability as one of credit mitigation then the value used is the most conservative
technique. The main purpose of the collateral is value. The results of the assessment shall be
to limit the risk of loss if counterparty is unable documented in the Credit Archives.
to fulfill its obligations to the Bank and to
protect against future risks that are unexpected If there is a change of collateral, Bank shall
and associated with credit exposure. However, reassess the collateral. Depending on the
the Bank does not consider collateral as a sole type of changes, the appraisers need to
basis of credit decision-making, nor as a main adjust the parts relevant to the changes,
source of loan payment. and perform adjustments and update the
prepared assessment reports. The absence of
Danamon has collateral policies and specifies presence of changes in collateral value shall be
the accepted collateral, amongst others: completely documented.
a. Movable Asset
1. Cash and cash equivalent collateral Assessment of collateral is performed in
2. Securities of Government and Bank the initial period of credit, and reassessed
Indonesia periodically, in accordance with the provision
3. Standby L/C of prime bank. of collateral as a PPA deduction. For collateral
b. Immovable Asset that is used as a deducting factor for the
1. Land and building formation of reserves, the assessment of
2. Planted machines. collateral for credit facilities of more than Rp.
c. Guarantee 5 billion is done by an independent external
1. Personal Guarantee appraisers.
2. Corporate Guarantee
Credit Risk Mitigation Methods for Standardized
Collateral assessment can be done by Approach
an internal or external appraisers. For the To calculate the credit risk mitigation as a
assessment, Danamon will always ensure deduction to Risk Weighted Assets (Credit
appraisers have the knowledge, education, Risk), Bank uses MRK-Collateral techniques.
and experience in the field of collaterals. The eligible type of collateral is the type of
Bank external appraisers shall have good financial collateral which complies with the
qualifications and may not have a relationship regulation of Bank Indonesia; namely, cash,
with the borrower. The external appraisers are savings, current accounts, savings deposits,
appointed by the Bank. security deposits, gold and securities that have
certain criteria set by Bank Indonesia.

For reverse repo transactions, collateral in the form of securities underlying the reverse repo
transactions, and/or cash, is calculated as a form of credit risk mitigation on reverse repo transactions.
The following are the disclosures of credit risk after calculating the impact of credit risk mitigation.

Risk Management
4.1.a. Disclosure of Net Receivables Based on Risk Weighted Assets After Calculating the Credit Risk Mitigation Impacts-Bank Stand Alone
(in million rupiah)
31 Desember 2014
No. Portfolio Category Net Receivables After Calculating the Credit Risk Mitigation Impacts RWA
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
A Exposure on Balance Sheet
1 Receivable on Sovereigns 23,742,503 -
Receivables on Public Sector
2 - 310,747 - - - 258,458 - - - 191,378
Entities
3 Development Banks and International - -
Institutions
4 Receivables on Banks 19,125 8,073,751 - - - 2,728,117 - 89,675 - 3,068,484
Loans Secured by Residential
5 - - 1,781,276 167,953 - - - - - 690,628
Property
Loans Secured by Commercial Real
6 131,880 - - - - - - 725,022 - 725,021
Estate
7 Employee/Pensioner Loans - -
Receivables on Micro, Small
8 117,316 - - - - - 46,811,657 - - 35,108,742
Business & Retail Portfolio
9 Receivables on Corporate 2,125,388 1,043,233 - - - 679,484 - 59,352,561 - 59,900,949
10 Past Due Receivables - - - - - - - 23,584 1,410,358 2,139,121
11 Other Assets 2,712,740 3,697,243 4,379 3,703,812
Exposures at Syariah Business Unit
12 390,504 240,607 16,213 - - 75,000 - 2,139,106 - 60,387 2,281,730
(if any)
Total Exposure on Balance Sheet 29,239,456 9,668,338 1,797,489 167,953 - 3,741,059 46,811,657 66,027,191 1,414,737 60,387 107,809,865
B Commitments/Contigencies Exposure for Off Balance Sheet Transactions
1 Receivable on Sovereigns - -
2 Receivables on Public Sector Entities 64 - - - - 17,899 - - - 8,949
3 Development Banks and International - - - - - - - - - -
Institutions
4 Receivables on Banks - 7,242 - - - 7,218 - - - 5,057
5 - - 3,211 - - - - - - 1,124
Property
6 - - - - - - - - - -
Estate
7 Employee/Pensioner Loans - -
8 69,110 - - - - - 1,219,429 - - 914,572
9 Receivables on Corporate 610,086 - - - - - - 1,827,130 - 1,827,131
10 Past Due Receivables - - - - - - - - - -
11 - - - - - - - - - - -
(if any)
Total Commitments/Contigencies
Exposure for Off Balance Sheet 679,260 7,242 3,211 - - 25,117 1,219,429 1,827,130 - - 2,756,833
Transactions
C Exposure on Counterparty Credit Risk
1 Receivable on Sovereigns 768,509 -
Receivables on Public Sector
2 - - - - - 1,883 - - - 941
Entities
3 Development Banks and International - - - - - - - - - -
Institutions
4 Receivables on Banks - 26,879 - - - 305,932 - - - 158,343
5 - - - - - - 4,225 - - 3,169
6 Receivables on Corporate - - - - - - - 30,184 - 30,184
7 - -
(if any)
Total Counterparty Credit
768,509 26,879 - - - 307,815 4,225 30,184 - - 192,637
Risk Exposures

Capital 31 Desember 2013 Capital

Charge Net Receivables After Calculating the Credit Risk Mitigation Impacts Charge
RWA
(9% x (9% x
RWA) 0% 20% 35% 40% 45% 50% 75% 100% 150% Other RWA)
(14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26)
- 21,947,312 - -
17,224 - 312,055 - - - 474,607 - 80,176 - 379,891 34,190
- - - -
276,164 15,900 8,194,542 - - - 816,565 - - - 2,047,191 184,247
62,157 - - 1,791,236 288,457 - - - - - 742,315 66,808
65,252 170,892 - - - - - - 514,117 - 514,117 46,271
- - - -
3,159,787 139,901 - - - - - 45,772,133 - - 34,329,100 3,089,619
5,391,085 2,244,976 812,072 - - - 478,203 - 54,148,506 - 54,550,021 4,909,502

192,521 - - - - - - - 16,995 1,172,919 1,776,373 159,874
333,343 2,782,603 3,714,480 13,706 3,735,039 336,154
205,356 815,174 199,263 19,832 - - 25,000 - 1,424,618 - 147,370 1,609,176 144,826
9,702,889 28,116,758 9,517,932 1,811,068 288,457 - 1,794,375 45,772,133 59,898,892 1,186,625 147,370 99,683,223 8,971,491
- - - -
805 442 - - - - 40,568 - - - 20,284 1,826
- - - - - - - - - - - -
455 - 7,888 - - - 11,578 - - - 7,366 663
101 - - 2,255 10 - - - - - 793 71
- - - - - - - - - - - -
- - - -
82,311 56,352 - - - - - 1,142,116 - - 856,587 77,093
164,442 334,298 - - - - - - 2,017,452 - 2,017,452 181,571

- - - - - - - - - - - -
- - 1,242 - - - - - - - - 248 22
248,114 391,092 9,130 2,255 10 - 52,146 1,142,116 2,017,452 - - 2,902,730 261,246
- 665,512 - -
85 - - - - - - - - - - -
- - - - - - - - - - - -
14,251 - 6,197 - - - 386,039 - - - 194,259 17,483
285 - - - - - - 3,010 - - 2,257 203
2,717 - - - - - - - 42,161 - 42,161 3,794
- - - -
17,338 665,512 6,197 - - - 386,039 3,010 42,161 - - 238,677 21,480

Risk Management
4.1.b. Disclosure of Net Receivables Based on Risk Weighted Assets After Calculating the Credit Risk Mitigation Impacts -
Consolidated
(in million rupiah)
31 Desember 2014
No. Portfolio Category Net Receivables After Calculating the Credit Risk Mitigation Impacts RWA
0% 20% 35% 40% 45% 50% 75% 100% 150% Others
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13)
A Exposure on Balance Sheet
1 Receivable on Sovereigns 23,742,503 - - - - - - - - - -
2 Receivables on Public Sector
- 310,747 - - - 258,458 - - - - 191,378
Entities
3 Receivables on Multilateral
Development Banks and International - - - - - - - - - - -
Institutions
4 Receivables on Banks 19,125 8,381,586 - - - 2,728,117 - 89,675 - - 3,130,051
5 Loans Secured by Residential
- - 1,781,276 167,953 - - - - - - 690,628
Property
6 Loans Secured by Commercial Real
131,880 - - - - - - 725,022 - - 725,021
Estate
7 Employee/Pensioner Loans - - - - - - - - - - -
8 Receivables on Micro, Small
117,316 - - - - - 75,340,480 - - - 56,505,360
9 Receivables on Corporate 2,125,388 973,010 - - - 679,484 - 59,352,561 - - 59,886,905
10 Past Due Receivables - - - - - - - 23,584 1,791,190 - 2,710,369
11 Other Assets 2,840,688 - - - - - - 4,503,257 4,379 - 4,509,825
12 Exposures at Syariah Business Unit
390,504 240,607 16,213 - - 75,000 - 2,139,106 - 60,387 2,281,730
(if any)
Total Exposure on Balance
29,367,404 9,905,950 1,797,489 167,953 - 3,741,059 75,340,480 66,833,205 1,795,569 60,387 130,631,267
Sheet
B Commitments/Contigencies Exposure for Off Balance Sheet Transactions
1 Receivable on Sovereigns - - - - - - - - - - -
2 Receivables on Public Sector
64 - - - - 17,899 - - - - 8,949
Entities
Institutions
4 Receivables on Banks - 7,242 - - - 7,218 - - - - 5,057
5 Loans Secured by Residential
- - 3,211 - - - - - - - 1,124
Property
6 Loans Secured by Commercial
- - - - - - - - - - -
Real Estate
7 Employee/Pensioner Loans - - - - - - - - - - -
69,110 - - - - - 1,219,429 - - - 914,572
9 Receivables on Corporate 610,086 - - - - - - 1,827,130 - - 1,827,131
10 Past Due Receivables - - - - - - - - - - -
- - - - - - - - - - -
(if any)
Total Commitments/
Contigencies Exposure
679,260 7,242 3,211 - - 25,117 1,219,429 1,827,130 - - 2,756,833
for Off Balance Sheet
Transactions
C Exposure on Counterparty Credit Risk
1 Receivable on Sovereigns 768,509 - - - - - - - - - -
2 Receivables on Public Sector Entities - - - - - 1,883 - - - - 941
Institutions
4 Receivables on Banks - 26,879 - - - 848,411 - - - - 429,582
- - - - - - 4,225 - - - 3,169
6 Receivables on Corporate - - - - - - - 30,184 - - 30,184
- - - - - - - - - - -
(if any)
Total Counterparty Credit Risk
768,509 26,879 - - - 850,294 4,225 30,184 - - 463,876
Exposures

Capital 31 Desember 2013 Capital

Charge Net Receivables After Calculating the Credit Risk Mitigation Impacts Charge
RWA
(9% x (9% x
RWA) 0% 20% 35% 40% 45% 50% 75% 100% 150% Other RWA)
(14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26)
- 21,947,312 - - - - - - - - - - -
17,224 - 312,055 - - - 474,607 - 80,176 - - 379,891 34,190
- - - - - - - - - - - - -
281,705 15,900 8,434,113 - - - 816,565 - - - - 2,095,105 188,559
62,157 - - 1,791,236 288,457 - - - - - - 742,315 66,808
65,252 170,892 - - - - - - 514,117 - - 514,117 46,271
- - - - - - - - - - - - -
5,085,482 139,901 - - - - - 74,841,885 - - - 56,131,414 5,051,828
5,389,821 2,244,976 775,584 - - - 478,203 - 54,148,506 - - 54,542,723 4,908,845

243,934 - - - - - - - 16,995 1,459,213 - 2,205,814 198,524
405,884 2,901,280 - - - - - - 4,480,483 13,706 - 4,501,042 405,095
205,356 815,174 199,263 19,832 - - 25,000 - 1,424,618 - 147,370 1,609,176 144,826
11,756,815 28,235,435 9,721,015 1,811,068 288,457 - 1,794,375 74,841,885 60,664,895 1,472,919 147,370 122,721,598 11,044,946
- - - - - - - - - - - - -
805 442 - - - - 40,568 - - - - 20,284 1,826
- - - - - - - - - - - - -
455 - 7,888 - - - 11,578 - - - - 7,366 663
101 - - 2,255 10 - - - - - - 793 71
- - - - - - - - - - - - -
- - - - - - - - - - - - -
82,311 56,352 - - - - - 1,142,116 - - - 856,587 77,093
164,442 334,298 - - - - - - 2,017,452 - - 2,017,452 181,571

- - - - - - - - - - - - -
- - 1,242 - - - - - - - - 248 22
248,114 391,092 9,130 2,255 10 - 52,146 1,142,116 2,017,452 - - 2,902,730 261,246
- 665,512 - - - - - - - - - - -
85 - - - - - - - - - - - -
- - - - - - - - - - - - -
38,663 - 6,197 - - - 899,205 - - - - 450,842 40,575
285 - - - - - - 3,010 - - - 2,257 203
2,717 - - - - - - - 42,161 - - 42,161 3,794
- - - - - - - - - - - - -
41,750 665,512 6,197 - - - 899,205 3,010 42,161 - - 495,260 44,572

Risk Management
4.2.a. Disclosure of Net Receivables and Credit Risk Mitigation Techniques-Bank Stand Alone
(in million rupiah)
31 Desember 2014
Secured Portion
No. Portfolio Category Net
Credit Unsecured Portion
Receivable Collateral Guarantee Others
Insurance
(8) = (3)-
(1) (2) (3) (4) (5) (6) (7)
[(4)+(5)+(6)+(7)]
A Exposure on Balance sheet
1 Receivable on Sovereigns 23,742,503 - 23,742,503
2 Receivables on Public Sector Entities 569,205 - 569,205
Receivables on Multilateral Development
3 - - -
4 Receivables on Banks 10,910,668 19,125 10,891,543
5 Loans Secured by Residential Property 1,949,229 - 1,949,229
6 Loans Secured by Commercial Real Estate 856,902 131,880 725,022
7 Employee/Pensioner Loans - - -
Receivables on Micro, Small Business &
8 46,928,973 117,316 46,811,657
Retail Portfolio
9 Receivables on Corporate 63,200,666 2,125,388 61,075,278
10 Past Due Receivables 1,433,942 - 1,433,942
11 Other Assets 6,414,362 6,414,362
12 Exposures at Syariah Business Unit (if any) 2,921,817 49,829 - - - 2,871,988
Total Exposure on Balance sheet 158,928,267 2,443,538 - - - 156,484,729
Commitments/Contigencies Exposure
B
for Off Balance Sheet Transactions
1 Receivable on Sovereigns - - -
2 Receivables on Public Sector Entities 17,963 64 17,899
3 - - -
4 Receivables on Banks 14,460 - 14,460
5 Loans Secured by Residential Property 3,211 - 3,211
6 Loans Secured by Commercial Real Estate - - -
7 Employee/Pensioner Loans - - -
8 1,288,539 69,110 1,219,429
Retail Portfolio
9 Receivables on Corporate 2,437,216 610,086 1,827,130
10 Past Due Receivables - - -
11 Exposures at Syariah Business Unit (if any) - - - - - -
Total Commitments/Contigencies
Exposure for Off Balance Sheet 3,761,389 679,260 - - - 3,082,129
Transactions
C Counterparty Credit Risk Exposures
1 Receivable on Sovereigns 768,509 768,509
2 Receivables on Public Sector Entities 1,883 1,883
3 - -
4 Receivables on Banks 332,811 332,811
5 4,225 4,225
Retail Portfolio
6 Receivables on Corporate 30,184 30,184
7 Exposures at Syariah Business Unit (if any) -
Total Counterparty Credit Risk
1,137,612 - - - - 1,137,612
Exposures
Total (A+B+C) 163,827,268 3,122,798 - - - 160,704,470

31 Desember 2013
Secured Portion
Net
Receivable Collateral Guarantee Others
Insurance
(13) = (8)-
(8) (9) (10) (11) (12)
[(9)+(10)+(11)+(12)]
21,947,312 - 21,947,312
866,838 - 866,838
- - -
9,027,007 15,900 9,011,107

2,079,693 - 2,079,693
685,009 170,892 514,117
- - -
45,912,034 139,901 45,772,133
57,683,757 2,244,976 55,438,781

1,189,914 - 1,189,914
6,510,789 6,510,789
2,631,257 191,306 - - - 2,439,951
148,533,610 2,762,975 - - - 145,770,635
- - -
41,010 442 40,568
- - -
19,466 - 19,466
2,265 - 2,265
- - -
- - -
1,198,468 56,352 1,142,116
2,351,750 334,298 2,017,452

- - -
1,242 - - - - 1,242
3,614,201 391,092 - - - 3,223,109
665,512 665,512
- -
- -
392,236 392,236
3,010 3,010
42,161 42,161
-
1,102,919 - - - - 1,102,919
153,250,730 3,154,067 - - - 150,096,663

Risk Management
4.2.b. Disclosure of Net Receivables and Credit Risk Mitigation Techniques-Consolidated

(in million Rp)
December 31, 2014
Secured Portion
No. Portfolio Category Net
Receivables Collateral Guarantee Others
Insurance
(8) = (3)-
(1) (2) (3) (4) (5) (6) (7)
[(4)+(5)+(6)+(7)]
A Exposure on Balance sheet
1 Receivables on Sovereigns 23,742,503 - - - - 23,742,503
2 Receivables on Public Sector Entities 569,205 - - - - 569,205
3 - - - - - -
4 Receivables on Banks 11,218,503 19,125 - - - 11,199,378
5 Loans Secured by Residential Property 1,949,229 - - - - 1,949,229
6 Loans Secured by Commercial Real Estate 856,902 131,880 - - - 725,022
8 75,457,796 117,316 - - - 75,340,480
Retail Portfolio
9 Receivables on Corporate 63,130,443 2,125,388 - - - 61,005,055
10 Past Due Receivables 1,814,774 - - - - 1,814,774
11 Other Assets 7,348,324 - - - - 7,348,324
Exposures at Syariah Based Business Activity
12 2,921,817 49,829 - - - 2,871,988
Unit (if any)
Total Exposures-Balance sheet 189,009,496 2,443,538 - - - 186,565,958
B Off Balance Sheet Exposures
1 Receivables on Sovereigns - - - - - -
2 Receivables on Public Sector Entities 17,963 64 - - - 17,899
3 - - - - - -
4 Receivables on Banks 14,460 - - - - 14,460
5 Loans Secured by Residential Property 3,211 - - - - 3,211
6 Loans Secured by Commercial Real Estate - - - - - -
8 1,288,539 69,110 - - - 1,219,429
Retail Portfolio
9 Receivables on Corporate 2,437,216 610,086 - - - 1,827,130
10 Past Due Receivables - - - - - -
11 - - - - - -
Unit (if any)
Total Exposures-Off Balance Sheets 3,761,389 679,260 - - - 3,082,129
C Counterparty Credit Risk
1 Receivables on Sovereigns 768,509 - - - - 768,509
2 Receivables on Public Sector Entities 1,883 - - - - 1,883
3 - - - - - -
4 Receivables on Banks 875,290 - - - - 875,290
5 4,225 - - - - 4,225
Retail Portfolio
6 Receivables on Corporate 30,184 - - - - 30,184
7 - - - - - -
Unit (if any)
Total Exposures-Counterparty Credit
1,680,091 - - - - 1,680,091
Risk
Total (A+B+C) 194,450,976 3,122,798 - - - 191,328,178

December 31, 2013

Secured Portion
Net
Receivables Collateral Guarantee Others
Insurance
(13) = (8)-
(8) (9) (10) (11) (12)
[(9)+(10)+(11)+(12)]
21,947,312 - - - - 21,947,312
866,838 - - - - 866,838
- - - - - -
9,266,578 15,900 - - - 9,250,678

2,079,693 - - - - 2,079,693
685,009 170,892 - - - 514,117
- - - - - -
74,981,786 139,901 - - - 74,841,885
57,647,269 2,244,976 - - - 55,402,293

1,476,208 - - - - 1,476,208
7,395,469 - - - - 7,395,469
2,631,257 191,306 - - - 2,439,951
178,977,419 2,762,975 - - - 176,214,444
- - - - - -
41,010 442 - - - 40,568
- - - - - -
19,466 - - - - 19,466
2,265 - - - - 2,265
- - - - - -
- - - - - -
1,198,468 56,352 - - - 1,142,116
2,351,750 334,298 - - - 2,017,452

- - - - - -
1,242 - - - - 1,242
3,614,201 391,092 - - - 3,223,109
665,512 - - - - 665,512
- - - - - -
- - - - - -
905,402 - - - - 905,402
3,010 - - - - 3,010
42,161 - - - - 42,161
- - - - - -
1,616,085 - - - - 1,616,085
184,207,705 3,154,067 - - - 181,053,638

Risk Management
12. Disclosure of Asset Securitization

Securitization is a process of taking non-liquid assets or asset group and through financial engineering
transforming it into securities. Securities issued are based on the transfer of financial assets from the
originator followed by the payment for proceeds of the sale of asset-backed securities to investors.
In line with the Regulations of Bank Indonesia No. 7/4/PBI/2005 and Circular Letter of BI, SEBI
No.7/51/DPNP on Prudential Principles of Securitization Activities for Commercial Banks, in the
activity of asset securitization, the Bank can perform its functions as Originator, Credit Enhancer,
Funding Provider, Servicer, Custodian Bank, and/or Investor (Senior Investor and Junior Investor).
Danamon takes the role of a Senior Investor, which will be firstly prioritized.
The main purpose of investment is as follows:

a. To optimize the return of excess liquidity of the Bank, resulting from the structural position of the
Banks balance sheet.
b. To diversify the Banks risks through marginal investment (as a percentage of loan portfolio) in
KPR (mortgage risk).
c. To gain access to the knowledge mechanism of potential process of EBA issuance by the Banks
group.
The granting of credit to purchase EBA securities also comes with a risk. Credit risk of EBA securities
is the inability of debtors to pay their installments at a certain interest rate above Junior Tranches,
which exceeds the reserve account and the inability of Credit Support to make payments to Senior
Tranches.

Summary of EBA Accounting Treatment on EBA Securities

EBA securities for the Bank are classified as securities (financial assets). The Bank will evaluate
whether there is objective evidence of a purchase of EBA securities, which cannot be recorded
at fair value through the profit and loss report, and whether this has been impaired. Securities
classified as available for sale (AFS) are measured at a fair value, plus transaction costs.
Following initial recognition, such securities are recorded at a fair value. The changes of other
fair value are recognized directly in equity, until such investments are sold or impaired, where the
previous cumulative profit recognized in equity shall be recognized in a profit and loss report based
on the weighted average method.
The interest income is recognized in the profit and loss report by using the effective interest method,
and interest income generated from EBA securities is charged as Banks income tax.
The Bank limits investment in EBA securities to Rp. 50 billion and its application shall be approved
and recommended by the Treasury and Capital Market Director and Integrated Risk Director. In
addition, EBA securities shall be recorded as securities available for sale (AFS). Currently, EBA
exposure held by the Bank as a senior investor uses Moodys ratings.
The following is the List of Disclosures of Quantitative Transactions of Danamon Asset Securitization.

Risk Management
5.1.a. Disclosure of Securitization Transactions-Bank Stand Alone

(in million rupiah)
December 31, 2014
Impaired Securitized Profit/
No. Securitization Exposure Value of Assets Risk
Loss from Capital
Securitized Weighted
Asset Non- Past Securitization Asset
Deduction
Past due Activity
Due
(1) (2) (3) (4) (5) (6) (7) (8)
1 Bank acting as First Creditor
Bank acting as Credit Enhancement
2
Provider
a. First Risk Insurer Facility
b. Second Risk Insurer Facility
3 Bank acting as Liquidity Facility Provider
4 Bank acting as Service Provider
5 Bank acting as Custodian Bank
6 Bank acting as Investor
a. Senior Tranche 9,550
Exposure Types: Asset Backed Securities
b. Junior Tranche

5.1.b. Disclosure of Securitization Transactions-Consolidated
(in million rupiah)
December 31, 2014
No. Securitization Exposure Value of Assets Risk
Loss from Capital
Deduction
Past due Activity
Due
(1) (2) (3) (4) (5) (6) (7) (8)
1 Bank acting as First Creditor
Bank acting as Credit Enhancement
2
Provider
a. First Risk Insurer Facility
b. Second Risk Insurer Facility
3 Bank acting as Liquidity Facility Provider
4 Bank acting as Service Provider
5 Bank acting as Custodian Bank
6 Bank acting as Investor
a. Senior Tranche 9,550
Exposure Types: Asset Backed Securities
b. Junior Tranche

31 December 2013
Value of Assets Risk
Loss from Capital
Deduction
Past due Activity
Due
(9) (10) (11) (12) (13) (14)
19,233
31 December 2013
Value of Assets Risk
Loss from Capital
Deduction
Past due Activity
Due
(9) (10) (11) (12) (13) (14)
19,233

Risk Management
Calculation of the Standardized Approach of Credit Risk Weighted Assets- Bank Stand Alone
Table 6.1.1. Disclosure of Asset Exposures in the Balance Sheet
(in million Rp)
No. Portfolio Category Net RWA before RWA after Net RWA before RWA after
Receivables CRM CRM Receivables CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 23,742,503 - - 21,947,312 - -
2 Receivables on Public Sector Entities 569,205 191,378 191,378 866,838 379,891 379,891
3 - - - - - -
4 Receivables on Banks 10,910,668 3,078,046 3,068,484 9,027,007 2,055,141 2,047,191
5 Loans Secured by Residential Property 1,949,229 690,628 690,628 2,079,693 742,315 742,315
6 Loans Secured by Commercial Real Estate 856,902 856,902 725,021 685,009 685,009 514,117
8 46,928,973 35,196,730 35,108,742 45,912,034 34,434,026 34,329,100
Retail Portfolio
9 Receivables on Corporate 63,200,666 62,026,337 59,900,949 57,683,757 56,794,997 54,550,021
10 Past Due Receivables 1,433,942 2,139,121 2,139,121 1,189,914 1,776,373 1,776,373
11 Other Assets 6,414,362 - 3,703,812 6,510,789 - 3,735,039
TOTAL 156,006,450 104,179,142 105,528,135 145,902,353 96,867,752 98,074,047
6.1.2. Disclosure of Commitments/Contingencies Exposure for Off Balance Sheet Transactions

(in million Rp)
(1) (2) (3) (4) (5) (6) (7) (8)
3 - - - - - -
4 Receivables on Banks 14,460 5,057 5,057 19,466 7,366 7,366
5 Loans Secured by Residential Property 3,211 1,124 1,124 2,265 793 793
6 Loans Secured by Commercial Real Estate - - - - - -
8 1,288,539 966,404 914,572 1,198,468 898,851 856,587
Retail Portfolio
TOTAL 3,761,389 3,418,783 2,756,833 3,612,958 3,279,265 2,902,481

6.1.3. Disclosure of Exposures causing Counterparty Credit Risk

(Counterparty Credit Risk)
(in million Rp)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 768,509 - - 665,512 - -
2 Receivables on Public Sector Entities 1,883 941 941 - - -
3 - - - - - -
5 4,225 3,169 3,169 3,010 2,257 2,257
Retail Portfolio
6 Receivables on Corporate 30,184 30,184 30,184 42,161 42,161 42,161
TOTAL 1,137,612 192,637 192,637 1,102,919 238,677 238,677
6.1.4. Disclosure of Exposures causing Credit Risk due to Settlement Risk

(Settlement Risk)
(in million Rp)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Delivery versus payment - - - - - -
a. Capital Charge 8% (5-15 days) - - - - - -
b. Capital Charge 50% (16-30 days) - - - - - -
c. Capital Charge 75% (31-45 days) - - - - - -
d. Capital Charge 100% (more than 45
- - - - - -
days)
2 Non-delivery versus Payment - - - - - -
TOTAL - - - - - -
6.1.5. Disclosure of Securitization Exposures

(in million Rp)
No. Portfolio Category Capital Capital
RWA after RWA after
Deduction Deduction
CRM CRM
Factor Factor
(1) (2) (3) (4) (3) (4)
1 Qualified Enhancement Credit Facility - - - -
2 Un-qualified Enhancement Credit Facility - - - -
3 Qualified Liquidity Facility - - - -
4 Un-qualified Liquidity Facility - - - -
5 Qualified Purchase of Assets-Backed Security - 9,550 - 19,233
6 Un-qualified Purchase of Assets-Backed Security - - - -
Securitization Exposure which is not included in the regulation of Bank
7 Indonesia regarding prudent principles in activating banks assets - - - -
securitization
TOTAL - 9,550 - 19,233

Risk Management
6.1.6. Disclosure of Exposures in Syariah Business Unit

(in million Rp)
RWA after RWA after
Deduction Deduction
CRM CRM
Factor Factor
(1) (2) (3) (4) (3) (4)
1 Total Eksposur - 2,281,730 - 1,609,425
TOTAL - 2,281,730 - 1,609,425
6.1.7. Disclosure of Total Credit Risks Measurement

(in million Rp)
TOTAL CREDIT RISK RWA 110,768,885 102,843,863
TOTAL CAPITAL DEDUCTION FACTOR - -
Calculation of the Standardized Approach of Credit Risk Weighted Assets- Consolidated

6.2.1. Disclosure of Assets Exposures in the Balance Sheet
(in million Rp)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 23,742,503 - - 21,947,312 - -
3 Development Banks and - - - - - -
International Institutions
4 Receivables on Banks 11,218,503 3,139,613 3,130,051 9,266,578 2,103,055 2,095,105
5 1,949,229 690,628 690,628 2,079,693 742,315 742,315
Property
6 856,902 856,902 725,021 685,009 685,009 514,117
Estate
8 75,457,796 56,593,347 56,505,360 74,981,786 56,236,339 56,131,413
9 Receivables on Corporate Portfolio 63,130,443 62,012,293 59,886,905 57,647,268 56,787,700 54,542,724
10 Past Due Receivables 1,814,774 2,710,369 2,710,369 1,476,208 2,205,815 2,205,815
11 Other Assets 7,348,324 - 4,509,825 7,395,469 - 4,501,042
TOTAL 186,087,679 126,194,530 128,349,537 176,346,161 119,140,124 121,112,422

6.2.2. Disclosure of Commitment Exposures/Contingency on Administrative Account Transactions

(in million Rp)
(1) (2) (3) (4) (5) (6) (7) (8)
5 3,211 1,124 1,124 2,265 793 793
Property
6 - - - - - -
Estate
8 1,288,539 966,404 914,572 1,198,468 898,851 856,587
TOTAL 3,761,389 3,418,783 2,756,833 3,612,959 3,279,265 2,902,481
6.2.3. Disclosure of Exposures causing Counterparty Credit Risk

(Counterparty Credit Risk)
(in million Rp)
(1) (2) (3) (4) (5) (6) (7) (8)
1 Receivables on Sovereigns 768,509 - - 665,512 - -
2 Receivables on Public Sector Entities 1,883 941 941 - - -
5 4,225 3,169 3,169 3,010 2,257 2,257
6 Receivables on Corporate 30,184 30,184 30,184 42,161 42,161 42,161
TOTAL 1,680,091 463,876 463,876 1,616,085 495,260 495,260
6.2.4. Disclosure of Exposures causing Credit Risk due Settlement Risk

(Settlement Risk)
(in million Rp)
No. Portfolio Category Exposure RWA before RWA after Exposure RWA before RWA after
Value CRM CRM Value CRM CRM
(1) (2) (3) (4) (5) (6) (7) (8)
1 Delivery versus payment - - - - - -
a. Capital Charge 8% (5-15 days) - - - - - -
b. Capital Charge 50% (16-30
- - - - - -
days)
c. Capital Charge 75% (31-45
- - - - - -
days)
d. Capital Charge 100% (more
- - - - - -
than 45 days))
2 Non-delivery versus payment - - - - - -
TOTAL - - - - - -

Risk Management
6.2.5. Disclosure of Securitization Exposures

(in million Rp)
RWA after RWA after
Deduction Deduction
CRM CRM
Factor Factor
(1) (2) (3) (4) (3) (4)
1 Qualified Enhancement Credit Facility - - - -
2 Un-qualified Enhancement Credit Facility - - - -
3 Qualified Liquidity Facility - - - -
4 Un-qualified Liquidity Facility - - - -
5 Qualified Purchase of Assets-Backed Security - 9,550 - 19,233
6 Un-qualified Purchase of Assets-Backed Security - - - -
Securitization Exposure which is not included in the regulation of
7 Bank Indonesia regarding prudent principles in activating banks - - - -
assets securitization
TOTAL - 9,550 - 19,233
6.2.6. Disclosure of Exposures in Syariah Business Unit

(in million Rp)
RWA after RWA after
Deduction Deduction
CRM CRM
Factor Factor
(1) (2) (3) (4) (3) (4)
1 Total Exposure - 2,281,730 - 1,609,425
TOTAL - 2,281,730 - 1,609,425
6.2.7. Disclosure of Total Credit Risks Measurement

(in million Rp)
December 31, December 31,
2014 2013
Total RWA for Credit Risk 133,861,526 126,138,821
Total Capital Deduction Factor -

B. MARKET RISK defense), which is an independent function in

Market Risk Management covers the the Bank, which develops, implements and
management and monitoring of all risks faced maintains a comprehensive and integrated
by banks as a result of movements against the market risk framework including qualitative and
market factor. Market factors include (but are quantitative methodologies/tools to identify,
not limited to) the interest rate, FX, interest rate measure, aggregate, manage, monitor, control
movement and FX movement. and report market risks.
As a consequence of the daily activities of the 1. Trading Risk

Bank, market risks arise from two different areas Trading risk is primarily managed by a limit
and are separately managed. First, there is risk structure and monitored by the Market &
from treasury trading activities and second, Liquidity Risk (MLR) Management division on
there is risk due to the gap of interest rate on daily basis.
the balance sheet. Furthermore, the former
area is defined as risk in Trading Book while 2. Interest Rate Risk in Banking Book
the latter is defined as the Interest Rate Risk Interest rate risk is exposure over the financial
in Banking Book. Market Risk Management conditions of a bank, moving opposite to the
applies to both risks. movement of interest rates (adverse movement).
The risk element is an inherent part of the
Market Risk Management Organization banking business. Good risk management
Market Risk Management Organization is a could turn an exposure to be an additional
top-down process in the Banks organization, source of income which could increase value
starting from the Risk Monitoring Committee, for shareholders. However, excessive exposure
Board of Directors through Asset & Liabilities to the interest rate risk could cause a significant
Committee (ALCO), and senior management threat to banks income and capital of the bank.
actively involved in the planning, approval, Monitoring of interest rate risk on banking book
review, and study of all risks involved. is carried out daily by the Market and Liquidity
Risk Division.
Market Risk Management Implementation
Market Risk Management Implementation
is carried out through a process of
identification, measurement, and monitoring,
and is supported by the implementation of
management information systems. Market risk
is managed by Market and Liquidity Risk (MLR)
Management Division (as the Second line of

Risk Management
Risk Factors charge, stress testing and sensitivity analysis.

Risk factors are defined as variables that cause The measurement methods used is based on
changes in the value of a financial instrument regulatory requirement and general banking
or a portfolio in a financial instrument, either standard of market risk management. The
on or off-balance sheet. Fundamental market monitoring and controlling processes are
risk factors that will be included in the risk carried out applying market limit mechanism
measurement systems are: as well as limit on trading and banking book
1. Foreign Exchange (FX) which include the monitoring on the utilization
2. Interest Rate of Treasury limit. MLR independently conduct
3. Equity monitoring on the limit related to market
4. Commodity risk on daily basis and refers to risk appetite
5. Optionality and business strategy direction set by the
management.
The risk factors may occur separately or in a
combination of several risk factors, if the Banks Minimum Capital Adequacy
products or activities have several risk factors The Bank is committed to meet the Minimum
to be managed; however, in this context it is Capital Adequacy (KPMM) stipulated by the
only limited to interest rate risk and FX due to regulator. Therefore, each month the Bank will
Indonesia banking regulation. calculate the Risk Weighted Assets (ATMR)
by using a standardized approach. In the
Measurement, Monitoring, and Controlling calculation, the bank takes two exposures into
of Market Risks account, namely, interest rate exposure and FX
In general, market risk is measured to cover exposure. Interest rate exposure consists of
foreign exchange risk and interest rate, specific risks and general risks, including debt,
recorded in the trading book and banking debt related instruments, and interest rate
book of the Bank. The process of measuring derivatives on trading book. On the other hand,
market risk covers the valuation of financial FX exposure is targeted at foreign exchange
instruments, calculation of market risk capital risk on trading book and banking book.

Quantitative Disclosure of Market Risks
7.1. Disclosure of Market Risks by Using Standardized Methodology

(in million Rp)
Bank Consolidated Bank Consolidated
No. Type of Risk
Capital Capital Capital Capital
RWA RWA RWA RWA
Charge Charge Charge Charge
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1 Interest Rate Risk 104,213 104,213 270,382 270,382
a. Specific Risk - - - - - - - -
b. General Risk 8,337 104,213 8,337 104,213 21,631 270,382 21,631 270,382
Foreign Exchange
2 21,331 266,643 21,438 267,975 10,164 127,045 10,460 130,749
Risk
3 Equity Risk *) - - - - - - - -
4 Commodity Risk *) - - - - - - - -
5 Option Risk - - - - - - - -
Total 29,668 370,855 29,775 372,188 31,795 397,427 32,091 401,131

C. OPERATIONAL RISK
Operational risk is a risk of loss arising from The aim of forming Risk Management
the inadequacy or failure of internal processes, Committee is to enable the Board of
human error, systems failure or due to an Commissioners and Directors to carry out
external event, which affects the Banks monitoring functions toward operational risks
operational activities. by reviewing and discussing issues related to
significant operational risk, monitoring of the
In determining the scope of operational risk implementation of operational risk management
management policies, a definition of operational framework and provide directions on the
risk has been specified in the Regulation of required follow-up. The Risk Management
Bank Indonesia (PBI no.05/PBI/8/2003) and its Director and Operational Risk Division Head
amendment (PBI No.11/25/PBI/2009), where act as the Operational Risk Management
the legal risk, business risk, strategic and Committee Chairman and Vice Chairman
reputation risk is not included in the operational respectively.
risk category.
The Operational Risk Management Division
Operational Risk Management Organization functions as a facilitator in operational risk
The Banks objective in managing operational management practice, and is responsible for the
risk is to minimize the impact of failure/fail to planning, defining, developing and maintaining
function internal processes, human factors, of an operational risk management framework,
systems or external events which may have monitoring the implementation of framework in
resulted in a financial and non-financial loss all working units and ensuring adequate control
as well as the ability of damaging reputation over the policies and procedures on the activity
of the Bank. To achieve its objective, the of operational risk management.
Bank established an organization structure to
manage operational risk.

Risk Management
The risk taking unit is responsible for The monitoring of operational risk is carried
identifying, managing, mitigating and reporting out by preparing periodic report to the
of operational risk incidents on daily basis. To management for identifying issues and incident
ensure consistency in applying operational due to weaknesses in implementing control
risk management, an operational risk officer function. The Operational Risk Management
is appointed within every line of business, Division is also responsible for providing a
supporting function and subsidiaries, wherein comprehensive operational risks expossure to
the officer is assigned to facilitate the operational the Risk Management Committee, both at the
risk management process and implement the Board of Commissioners, Directors and every
operational risk management framework to unit Head for supporting effective monitoring of
ensure they are working accordingly. operational risk.
To improve awareness and build operational As part of the Banks efforts to improve the
risk culture to employees of all levels, the monitoring of operational risk, the followings
Bank continue to provide training, socialization are some of the efforts that have been
and campaign on preventing operational risk implemented and will continue to be improved:
related incident. Expansion of recording coverage, analysis
and risk event reports in a more detailed
Operational Risk Management manner to ascertain the position of the
The operational risk management framework Bank concerning existing problems relevant
of the Bank and its subsidiaries is being to operational risks.
implemented in an integrated function, the Development of an Operational Risk
process of which consists of identifying, Management System (ORMS) application
assessing/measuring, monitoring as well as to improve the effectiveness of operational
managing risk. risk management.
Identify the inherent operational risks
All lines of business, subsidiaries and support through the development of a Risk/
functions as risk taking units are required Loss Event Database, Risk Control Self
to identify and assess inherent risks in their Assessment and Key Risk Indicator used to
products, process, services, systems as well ascertain the potentials of operational risks
as to ensure preventive control to all processes and thus enable preventive actions.
is adequate.
Risk is controlled amongst others by ensuring
Furthermore, all lines of business, subsidiaries the operational risk management is managed
and support functions measure Operational correctly to enable any potential loss occurred
Risk by using the Risk/Loss Event Database is covered adequately by the capital reserve in
(R/LED), Risk Control Self Assessment (RCSA), accordance to the Banks risk appetite.
Key Risk Indicator (KRI) in order to capture
their risk profile quantitatively and qualitatively
and furthermore allow them to measure the
effectiveness of operational risk management
implementation.

In addition, one of the primary mitigations of operational risks is the implementation of coordinated
insurance in a comprehensive manner through maximum insurance policy coverage towards
risk exposure. Insurance policies covering Banks assets and financial comprehensively consist
of Money Insurance, Property All Risk, Bankers Blanket Bonds/Electronic Computer Crime and
Directors & Officers and Electronic Equipment Insurance.
Operational Risk Measurement

Operational Risks Management still uses the basic standardized approach in accordance with
Circular Letter of BI No. 11/3/DPNP on January 27, 2009. Based on this circular letter, capital
charges of operational risk is 15% of the average gross income over the last three years.
Quantitative disclosure of operational risks in the Bank as an individual and as a consolidated entity
is presented in the following tables.
8.1.a. Quantitative Exposure of Operational Risks- Bank Stand Alone

(in million Rp)
Average Average
No. Indicator Approach Gross Gross
Capital Capital
Income in RWA Income in RWA
Charge Charge
the past 3 the past 3
years years
(1) (2) (3) (4) (5) (6) (7) (8)
1 Basic Indicator Approach 11,847,591 1,777,139 22,214,233 10,810,233 1,621,535 20,269,187
Total 11,847,591 1,777,139 22,214,233 10,810,233 1,621,535 20,269,187
8.1.b. Quantitative Exposure of Operational Risks-Consolidated

(in million Rp)
Average Average
No. Indicator Approach Gross Gross
Capital Capital
Income in RWA Income in RWA
Charge Charge
the past 3 the past 3
years years
(1) (2) (3) (4) (5) (6) (7) (8)
1 Basic Indicator Approach 17,099,050 2,564,858 32,060,719 15,253,439 2,288,016 28,600,198
Total 17,099,050 2,564,858 32,060,719 15,253,439 2,288,016 28,600,198
Business Continuity Management (BCM)

BCM is an integrated and comprehensive management process (protocol) to ensure the Banks
continuity of operations in conducting its business and in serving the customers, as well as to
ensure the Banks existence. BCM was created as the Banks preventive measures in the events
of worst risk scenario that could affect the Banks operational sustainability, and it also provides
a framework to develop resilience and the ability to effectively respond in order to safeguard the
stakeholders interests, reputation, brand, and the valuable business activities. This demonstrates
Danamons robustness and immune system, which is reflected in its daily work process in response
to any threats.

Risk Management
As an integral part of the Risk Management by reputable and internationally certified and
framework, daily operations and to maintain the competent BCM professionals. Danamon has
Banks existence and to improve the resilience successfully retain its ISO 22301:2012-BCMS
of the Bank and its subsidiaries, an effective certification. This is an international recognition
implementation of BCM is vital for the Bank in for an institution that promotes the principles of
anticipating all risks that may arise from any continuous improvement and for the application
condition of any scenario of events, including of Business Continuity Management System
from risks classified as low probability-high (BCMS) granted in 2013. In April 2014 Danamon
impact (catastrophic event). BCMs program secured a good maintenance results wherein
and framework is made to be effectively applied there were no inconsistency found in the audit
across the Bank to its subsidiaries. conducted by ISO and BSI auditors.
The objectives of implementing BCM in the As a medium for learning and experience
Bank and its subsidiaries are to: sharing on applying and implementing BCM in
1. Ensure a timely continuation of process of the industry, Danamon initiated the BCM Forum
all functions/units in the event of crisis or in 2009, which was later formed into Forum
major disaster; BCM Indonesia chaired by the Bank. In 2014
2. Maintain key business resources required to the 8th BCM Forum was held with members
support Banks recovery activities; made up of BCM professionals across different
3. Minimize impact to Banks services; industries in Indonesia.
4. Mitigate reputational risk;
5. Increase public trust and macro financial Fraud & QA
systems towards the Bank; Fraud risk affects the Banks business and
6. Improve the Banks resilience or recovery holds a significant financial impact on the
capacity, and Banks profit. It can also affect the Banks
7. Safeguard the existence of Bank and its reputation. Effective fraud management is
Subsidiaries. crucial to mitigate and manage risks arise due
to fraud.
The implementation of BCM-related programs
in Danamon involves and is fully supported To anticipate the possibility of Fraud risks
by the entire management from its planning, caused by Banks internal or external
preparation, maintenance, supervision, to employees, the Bank has established anti fraud
improvement stage. With this solid support, framework strategy served as the basis for the
Danamon has been able to protect and refine Fraud Management Policy and Framework
its sustainability in handling all incidents which has been implemented nationwide.
throughout 2014. This framework is in line with the Bank
Indonesia Circular Letter No. 13/28/DPNP on
BCM in Danamon is managed in reference to the Implementation of Anti-Fraud Strategy for
policy and framework adopted from international Commercial Banks where Danamon submit
standard best practices of Business Continuity report to OJK every semester.
Institute-United Kingdom (BCI-UK) supported

In implementing the policy, the Bank continually improve the effectiveness of internal control, active
supervision from the Management as well as development of culture and concern for Anti Fraud
across all level of the Banks organization.
The implementation of the Banks anti-fraud strategy in the form of bank fraud control system is
described by 4 (four) pillars of interrelated fraud control strategies, as follows:
1. Prevention;
2. Detection;
3. Investigation, reporting and sanction;
4. Monitoring, evaluation and follow-up.
The Bank has implemented the above strategy through various iniatives to prevent, detect and
manage fraud risk, including among others:
detecting and managing fraud risk, including among others improvement on the prevailing Fraud
Management Policy and Framework
development of internal control procedure in units managing fraud risk
socialization of anti fraud campaign, training to build awareness of anti fraud and conduct anti
fraud workshop to increase the competency and integrity of fraud unit
implement strategy to identify fraud risk and mitigate the required control
development of fraud database to the relevant units
use of systems to detect application fraud in consumer banking which need to be extended
to other areas various application of anti fraud strategy to prevent and detect fraud incident in
working units.
The implementation of anti fraud strategy of the Bank has been reported every semester to the OJK
as the supervisor.
Report, Monitoring,
Prevention Detection Investigation Evaluation and
and sanctions Follow up
Fraud impact every unit in an institution, therefore we should stay alert and
emphasize more to internal control and risk management
The Bank also emphasized the importance of control prevention and early detecting mechanism to
the risk exposure through empowering the quality assurance function. The role of this function in the
Bank is important in the effort to:
strengthen in managing internal systems in every line of business and support function
analyze root causes of the problem and
recommend improvement plan where required.

Risk Management
Quality Assurance is a program designed to Assets and Liabilities Committee (ALCO) and
allow an early and systematic way to monitor senior management, which actively involved
and evaluated critical aspects of the Banks in the planning, ratifications, review and
processes and products, as to ensure quality assessment of all existing risks.
standards are met. The most important
standard quality the Bank aims to achieve is In order to evaluate the fulfillment of liquidity,
managing the risk factors and implementing Assets and Liabilities Committee (ALCO)
control and the needed mechanism to control has wide scope of authority delegated by the
and mitigate. Several initiatives taken to meet Board of Directors to manage structure of the
the objectives are: asset, obligations and funding strategy of the
issuing the National Quality Assurance Bank. ALCO focuses on liquidity management
Policy, standardization of QA/Internal with the objectives:
Control methodology in reference to 1. To understand various liquidity risks and
industry common practices (COSO) integrating with the characteristics and risks
distribution on quantitative measurement of various liquidity sources especially under
on bankwide control effectiveness, stress condition
implementation of QA Unit Maturity Model 2. To develop comprehensive risk approach to
approach. ensure the compliance with the entire risk
appetite.
D. LIQUIDITY RISK 3. To determine relevant funding strategies
A bank is exposed to liquidity risks coming to meet the need of liquidity (including
from various business aspects. Liquidity risk consolidating all funding sources).
arises due to gap between assets and liabilities 4. To develop effective contingency plans.
of the Bank. Liquidity risk management is one 5. To increase resilience in case of a sharp
of the Banks key success factor in managing decline of liquidity risk and demonstrate the
business. Banks ability to address closure of one or
more financial markets occurs by ensuring
Liquidity risk in Danamon is managed based on funding can be generated through variety of
the following: funding sources.
1. The different characteristics of sources of 6. ALCO as the Bank senior management
liquidity risk sources committee serves as the highest body
2. Funding strategy including the sources and assigned to oversee and evaluate the
its variance structure and trends of the balance sheet
3. Infrastructure readiness to ensure alignment in terms of liquidity, interest rate, and
with Basel III Liquidity Risk. capital management. This includes the
establishment of policies and procedures,
Liquidity risk is key for bank, accordingly, the determination of limit framework, and
Danamon must ensure Liquidity Risk evaluation of strategies on balance sheet
management is sustainable. aim to provide adequate liquidity and
capital for the Bank and diversified funding
Liquidity Risk Management Organization structure.
The management of liquidity risk is a top-down
process, which begins with Risk Monitoring
Committee (RMC), Board of Directors through

Liquidity Risk Indicator b. Loan to Deposit Ratio (LDR) & Modified

To study whether a potential liquidity problem Loan to Deposit Ratio (MLDR)
may be growing, the Bank has a various range Loan to Deposit Ratio is defined as the target
of internal indicators and market indicators ratio of customers total loans to total fund
which can warn the Bank over the threat of a of the third party (not including interbank
liquidity crisis. loans). Third party funds include current
accounts, savings and deposit. This ratio is
Included in the internal indicators are: used by the Bank to monitor dependence
1. Impairment of asset quality. on customers savings compared to non-
2. Excessive concentration on specific assets bank savings.
and sources of funding.
3. The decrease in income and interest rate Modified LDR is defined as the target ratio
margin. of customers total loans to total fund of the
4. The increase in overall funding costs. third party by including all structural funding.
5. The quick increase of assets through MLDR reflects the actual liquidity position
unstable wholesale funding. of the Bank as it combines all sources and
6. The decrease in cash flow position indicated uses of funds.
by the widening of negative position on
maturity disparity especially in the short c. Large Fund Provider (Liquidity Concentration
term. Risk)
From the perspective of liquidity risks, it
Market indicators include: is very important not to rely on few large
1. Credit rating downgrade. customers to fulfill the Banks funding
2. Ongoing decline of Bank stock prices. needs.
3. Widening spread on senior loans and
subordinated loans of banks. d. Liquidity Stress Test
4. The decrease of credit lines from connected Limit framework above manages Bank
banks. liquidity situation based on the normal
5. Unwillingness of partners to extend condition of business situations however,
transactions without guarantee or it is important to measure the impact and
transactions with a longer period of time. prepare for the action if there is a possibility
6. Increasing trend of Banks deposit of stress event. For this case, the Bank
withdrawal. distinguishes two stress events: Name
7. External financial crisis. Problem and Systemic Problem.
8. Prolonged tight liquidity conditions.
Liquidity Risk Monitoring and Mitigation
Liquidity Risk Measurement Bank manages the liquidity risks through
Liquidity risk is measured using limit among liquidity gap analysis and liquidity ratio.
others: Liquidity risk is measured and monitored on a
a. Maximum Cumulative Outflow (MCO) daily basis pursuant to liquidity risk framework.
MCO on maturity bucket refers to maximum
net cumulative cash flows that arise from
the on and off balance sheet.

Risk Management
Target and indicator consist of ratio and balance sheet analysis, which provides an overview in many
levels of liquidity profiles. Danamon uses a variety of targets and third party indicators. Assessment
on stress condition is carried out periodically to ensure availability of funds should stress condition
occurs.
9.1.a Disclosure of Maturity Profile for Rupiah-Bank Stand Alone

(in million Rp)
December 31, 2014
Maturity
No. Items
Balance >1-3 >3-6 >6-12
1 month >12 months
months months months
(1) (2) (3) (4) (5) (6) (7) (8)
I BALANCE SHEET
A. Aset
1.Cash 2,566,048 2,566,048 - - - -
2.Placement with Bank Indonesia 12,173,212 7,564,121 1,608,894 1,170,530 1,829,667 -
3.Placement with Other Banks 3,049,426 562,675 224,572 135,022 896,851 1,230,306
4.Marketable Securities 8,449,716 138,265 359,229 2,877,396 1,706,462 3,368,364
5.Loans 96,730,279 7,815,561 12,133,834 11,161,899 13,478,702 52,140,283
6.Other Receivables 582,023 377,662 19,782 179,211 - 5,368
7.Others 863,721 66,546 27,095 7,011 - 763,069
Total Aset 124,414,425 19,090,878 14,373,406 15,531,069 17,911,682 57,507,390
B. Liabilities
1.Deposits from Customer 89,606,369 12,349,700 7,932,669 6,084,139 10,452,625 52,787,236
2. Liabilities with Bank Indonesia - - - - - -
3. Liabilities with Other Banks 2,874,188 2,403,307 20,294 19,409 416,117 15,061
4.Securities issued 529,972 - - - 529,972 -
5.Borrowings - - - - - -
6.Other Liabilities 1,017,997 56,389 4,482 750,000 - 207,126
7.Others 2,317,593 11,790 20 - - 2,305,783
Total Liabilities 96,346,119 14,821,186 7,957,465 6,853,548 11,398,714 55,315,206
On Balance Sheet Asset and
28,068,306 4,269,692 6,415,941 8,677,521 6,512,968 2,192,184
Liabilities Differences
II OFF BALANCE SHEET
A. Off Balance Sheet Receivables
1.Commitment - - - - - -
2.Contingency - - - - - -
Total Off Balance Sheet Receivables - - - - - -
B. Off Balance Sheet Liabilities
1.Commitment 507,063 27,825 104,860 13,789 273,466 87,123
2.Contingency 2,910,891 377,701 552,469 640,041 1,144,562 196,118
Total Off Balance Sheet Receivables 3,417,954 405,526 657,329 653,830 1,418,028 283,241
Off Balance Sheet Asset and Liabilities
(3,417,954) (405,526) (657,329) (653,830) (1,418,028) (283,241)
Differences
Differences [(IA-IB)+(IIA-IIB)] 24,650,352 3,864,166 5,758,612 8,023,691 5,094,940 1,908,943
Cumulative Differences 24,650,352 3,864,166 9,622,778 17,646,469 22,741,409 24,650,352

December 31, 2013

Maturity
Balance > 1 to 3 > 3 to 6 > 6 to 12
1 month >12 month
month month month
(9) (10) (11) (12) (13) (14)
2,704,592 2,704,592 - - - -
13,893,349 10,852,735 347,098 680,797 2,012,719 -
3,022,445 1,049,912 141,412 158,943 248,780 1,423,398
6,947,335 49,984 284,906 168,712 1,182,297 5,261,436
92,231,950 11,042,598 11,586,649 9,025,530 12,683,991 47,893,182
122,472 65,442 - - - 57,030
795,494 40,378 19,072 5,243 - 730,801
119,717,637 25,805,641 12,379,137 10,039,225 16,127,787 55,365,847
86,796,521 12,597,904 7,619,767 7,096,767 11,738,843 47,743,240

- - - - - -
2,334,378 1,758,693 16,415 108,569 60,701 390,000
528,968 - - - - 528,968
- - - - - -
1,160,077 17,282 - 4,872 49,459 1,088,464
2,294,175 30,552 - - - 2,263,623
93,114,119 14,404,431 7,636,182 7,210,208 11,849,003 52,014,295
26,603,518 11,401,210 4,742,955 2,829,017 4,278,784 3,351,552
- - - - - -
- - - - - -
- - - - - -
651,168 117,290 234,947 22,233 139,768 136,930

2,764,076 582,544 451,580 728,994 939,323 61,635
3,415,244 699,834 686,527 751,227 1,079,091 198,565
(3,415,244) (699,834) (686,527) (751,227) (1,079,091) (198,565)
23,188,274 10,701,376 4,056,428 2,077,790 3,199,693 3,152,987

23,188,274 10,701,376 14,757,804 16,835,594 20,035,287 23,188,274

Risk Management
9.1.b Disclosure of Maturity Profile for Rupiah-Bank Stand Alone

(in million Rp)
December 31, 2014
Maturity
No. Items
Balance > 1 to 3 > 3 to 6 > 6 to12
1 month >12 month
month month month
(1) (2) (3) (4) (5) (6) (7) (8)
I BALANCE SHEET
A. Aset
1.Cash 2,693,996 2,693,996 - - - -
2.Placement with Bank Indonesia 12,173,212 7,564,121 1,608,894 1,170,530 1,829,667 -
3.Placement with Other Banks 3,355,985 869,234 224,572 135,022 896,851 1,230,306
4.Marketable Securities 8,380,662 138,265 359,229 2,877,396 1,706,462 3,299,310
5.Loans 124,057,309 7,929,186 12,384,943 11,967,222 16,068,958 75,707,000
6.Other Receivables 2,533,846 385,336 22,325 188,554 12,540 1,925,091
7.Others 1,020,921 145,307 44,286 7,911 2,685 820,732
Total Aset 154,215,931 19,725,445 14,644,249 16,346,635 20,517,163 82,982,439
B. Liabilities
3. Liabilities with Other Banks 2,874,188 2,403,307 20,294 19,409 416,117 15,061
4.Securities issued 11,632,630 - 183,946 2,710,408 1,800,831 6,937,445
5.Borrowings 5,621,040 800,000 2,308,497 549,771 622,152 1,340,620
6.Other Liabilities 1,060,239 68,577 6,866 753,191 9,027 222,578
7.Others 4,364,158 1,162,580 457,967 125,161 3,668 2,614,782
39,625,449 3,509,423 3,734,010 6,104,556 7,212,743 19,064,717
1.Commitment - - - - - -
2.Contingency - - - - - -
Total Off Balance Sheet Receivables - - - - - -
1.Commitment 507,063 27,825 104,860 13,789 273,466 87,123
2.Contingency 2,910,891 377,701 552,469 640,041 1,144,562 196,118
Total Off Balance Sheet Receivables 3,417,954 405,526 657,329 653,830 1,418,028 283,241
(3,417,954) (405,526) (657,329) (653,830) (1,418,028) (283,241)
Differences
Differences [(IA-IB)+(IIA-IIB)] 36,207,495 3,103,897 3,076,681 5,450,726 5,794,715 18,781,476
Cumulative Differences 36,207,495 3,103,897 6,180,578 11,631,304 17,426,019 36,207,495

December 31, 2013

Maturity
Balance > 1 to 3 > 3 to 6 > 6 to 12
1 month >12 month
month month month
(9) (10) (11) (12) (13) (14)
2,823,269 2,823,269 - - - -
13,893,349 10,852,735 347,098 680,797 2,012,719 -
3,258,424 1,285,891 141,412 158,943 248,780 1,423,398
6,911,489 49,984 284,906 168,712 1,182,297 5,225,590
120,323,550 11,110,427 11,768,984 9,714,689 15,447,037 72,282,413
1,639,814 72,159 1,014 4,689 13,228 1,548,724
980,276 146,395 44,384 5,742 1,026 782,729
149,830,171 26,340,860 12,587,798 10,733,572 18,905,087 81,262,854
85,743,826 11,545,209 7,619,767 7,096,767 11,738,843 47,743,240

- - - - - -
2,334,378 1,758,693 16,415 108,569 60,701 390,000
11,856,524 - 504,661 766,627 2,055,683 8,529,553
7,797,780 2,300,000 925,000 1,889,410 1,025,211 1,658,159
1,183,207 35,137 735 4,932 50,051 1,092,352
4,349,424 1,231,977 439,728 116,187 33,435 2,528,097
113,265,139 16,871,016 9,506,306 9,982,492 14,963,924 61,941,401
36,565,032 9,469,844 3,081,492 751,080 3,941,163 19,321,453
-
-
- - - - - -
651,168 117,290 234,947 22,233 139,768 136,930

2,764,076 582,544 451,580 728,994 939,323 61,635
3,415,244 699,834 686,527 751,227 1,079,091 198,565
(3,415,244) (699,834) (686,527) (751,227) (1,079,091) (198,565)
33,149,788 8,770,010 2,394,965 (147) 2,862,072 19,122,888

33,149,788 8,770,010 11,164,975 11,164,828 14,026,900 33,149,788

Risk Management
9.2.a Disclosure of Maturity Profile for Foreign Currency- Bank Stand Alone
(in million Rp)
December 31, 2014
Maturity
No. Items
Balance > 1 to 3 > 3 to 6 > 6 to 12
1 month >12 month
month month month
(1) (2) (3) (4) (5) (6) (7) (8)
I BALANCE SHEET
A. Aset
1.Cash 162,092 162,092 - - - -
2.Placement with Bank Indonesia 5,930,558 5,930,558 - - - -
3.Placement with Other Banks 8,011,051 7,007,610 386,072 372,592 244,777 -
4.Marketable Securities 874,987 23,182 34,749 312,772 - 504,284
5.Loans 11,762,388 2,556,022 3,049,104 1,911,158 825,866 3,420,238
6.Other Receivables 7,511,036 872,286 3,013,380 2,386,009 1,238,500 861
7.Others 68,916 4,320 265 6,850 - 57,481
Total Aset 34,321,028 16,556,070 6,483,570 4,989,381 2,309,143 3,982,864
B. Liabilities
3. Liabilities with Other Banks 8,725,197 1,221,951 3,011,803 2,385,971 1,238,500 866,972
4.Securities issued 13 13 - - - -
5.Borrowings 816,155 - - - - 816,155
6.Other Liabilities 38,781 14,110 7,840 1,345 - 15,486
7.Others 160,861 - 5,626 3,139 - 152,096
(2,979,321) 10,915,581 (1,651,384) (2,218,834) (5,207,476) (4,817,208)
1.Commitment 6,939,126 3,955,820 1,263,648 374,646 1,239 1,343,773
2.Contingency 130,105 - 2,254 32,028 95,823 -
Total Off Balance Sheet Receivables 7,069,231 3,955,820 1,265,902 406,674 97,062 1,343,773
1.Commitment 5,618,599 2,617,643 2,261,620 126,424 20,718 592,194
2.Contingency 708,112 69,618 106,732 142,523 307,575 81,664
Total Off Balance Sheet Receivables 6,326,711 2,687,261 2,368,352 268,947 328,293 673,858
742,520 1,268,559 (1,102,450) 137,727 (231,231) 669,915
Differences
Differences [(IA-IB)+(IIA-IIB)] (2,236,801) 12,184,140 (2,753,834) (2,081,107) (5,438,707) (4,147,293)
Cumulative Differences (2,236,801) 12,184,140 9,430,306 7,349,199 1,910,492 (2,236,801)

December 31, 2013

Jatuh Tempo
Saldo > 1 to 3 > 3 to 6 > 6 to 12
1 month >12 month
month month month
(9) (10) (11) (12) (13) (14)
120,490 120,490 - - - -
2,518,339 2,518,339 - - - -
6,618,857 6,203,728 269,913 39,152 48,456 57,608
636,502 88,389 37,882 133,534 - 376,697
12,625,701 1,644,049 5,120,953 916,638 1,079,828 3,864,233
4,080,231 330 4,040,656 59 - 39,186
51,404 842 781 4,532 - 45,249
26,651,524 10,576,167 9,470,185 1,093,915 1,128,284 4,382,973
23,500,503 4,592,110 3,322,432 3,539,036 5,500,536 6,546,389

- - - - - -
8,031,594 1,088 7,054,320 51,028 316,575 608,583
5 5 - - - -
899,713 - - - - 899,713
21,024 5,070 4,277 48 1,104 10,525
152,096 762 13,249 2,464 996 134,625
32,604,935 4,599,035 10,394,278 3,592,576 5,819,211 8,199,835
(5,953,411) 5,977,132 (924,093) (2,498,661) (4,690,927) (3,816,862)
8,927,052 2,050,331 3,107,220 1,139,389 1,718,173 911,939

85,908 - - - 85,908 -
9,012,960 2,050,331 3,107,220 1,139,389 1,804,081 911,939
5,362,510 1,246,245 1,107,892 1,013,556 1,199,877 794,940

588,718 27,058 97,044 209,125 238,042 17,449
5,951,228 1,273,303 1,204,936 1,222,681 1,437,919 812,389
3,061,732 777,028 1,902,284 (83,292) 366,162 99,550
(2,891,679) 6,754,160 978,191 (2,581,953) (4,324,765) (3,717,312)

(2,891,679) 6,754,160 7,732,351 5,150,398 825,633 (2,891,679)

Risk Management
9.2.b Disclosure of Maturity Profile for Foreign Currency- Consolidated

(in million Rp)
December 31, 2014
Maturity
No. Items
Balance > 1 to 3 > 3 to 6 > 6 to 12
1 month >12 month
month month month
(1) (2) (3) (4) (5) (6) (7) (8)
I BALANCE SHEET
A. Aset
1.Cash 162,092 162,092 - - - -
2.Placement with Bank Indonesia 5,930,558 5,930,558 - - - -
3.Placement with Other Banks 8,012,325 7,008,884 386,072 372,592 244,777 -
4.Marketable Securities 874,987 23,182 34,749 312,772 - 504,284
5.Loans 11,762,388 2,556,022 3,049,104 1,911,158 825,866 3,420,238
6.Other Receivables 7,730,060 872,286 3,013,380 2,386,009 1,259,481 198,904
7.Others 68,916 4,320 265 6,850 - 57,481
Total Aset 34,541,326 16,557,344 6,483,570 4,989,381 2,330,124 4,180,907
B. Liabilities
3. Liabilities with Other Banks 8,725,197 1,221,951 3,011,803 2,385,971 1,238,500 866,972
4.Securities issued 13 13 - - - -
5.Borrowings 7,649,226 - - - 1,238,278 6,410,948
6.Other Liabilities 38,781 14,110 7,840 1,345 - 15,486
7.Others 256,397 35,456 45,745 23,100 - 152,096
On Balance Sheet Asset and Liabilities
(9,687,576) 10,881,453 (1,691,503) (2,238,795) (6,424,773) (10,213,958)
Differences
1.Commitment 6,939,126 3,955,820 1,263,648 374,646 1,239 1,343,773
2.Contingency 130,105 - 2,254 32,028 95,823 -
Total Off Balance Sheet Receivables 7,069,231 3,955,820 1,265,902 406,674 97,062 1,343,773
1.Commitment 5,618,599 2,617,643 2,261,620 126,424 20,718 592,194
2.Contingency 708,112 69,618 106,732 142,523 307,575 81,664
Total Off Balance Sheet Receivables 6,326,711 2,687,261 2,368,352 268,947 328,293 673,858
742,520 1,268,559 (1,102,450) 137,727 (231,231) 669,915
Differences
Differences [(IA-IB)+(IIA-IIB)] (8,945,056) 12,150,012 (2,793,953) (2,101,068) (6,656,004) (9,544,043)
Cumulative Differences (8,945,056) 12,150,012 9,356,059 7,254,991 598,987 (8,945,056)

December 31, 2013

Jatuh Tempo
Saldo > 1 to 3 > 3 to 6 > 6 to 12
1 month >12 month
month month month
(9) (10) (11) (12) (13) (14)
120,490 120,490 - - - -
2,518,339 2,518,339 - - - -
6,622,449 6,207,320 269,913 39,152 48,456 57,608
636,502 88,389 37,882 133,534 - 376,697
12,625,701 1,644,049 5,120,953 916,638 1,079,828 3,864,233
4,514,748 64,272 4,072,740 240,874 85,584 51,278
51,404 842 781 4,532 - 45,249
27,089,633 10,643,701 9,502,269 1,334,730 1,213,868 4,395,065
23,500,391 4,591,998 3,322,432 3,539,036 5,500,536 6,546,389

- - - - - -
8,031,594 1,088 7,054,320 51,028 316,575 608,583
5 5 - - - -
4,353,844 486,792 243,395 1,216,947 562,777 1,843,933
21,024 5,070 4,277 48 1,104 10,525
208,046 16,346 47,438 8,641 996 134,625
36,114,904 5,101,299 10,671,862 4,815,700 6,381,988 9,144,055
(9,025,271) 5,542,402 (1,169,593) (3,480,970) (5,168,120) (4,748,990)
8,927,052 2,050,331 3,107,220 1,139,389 1,718,173 911,939

85,908 - - - 85,908 -
9,012,960 2,050,331 3,107,220 1,139,389 1,804,081 911,939
5,362,510 1,246,245 1,107,892 1,013,556 1,199,877 794,940

588,718 27,058 97,044 209,125 238,042 17,449
5,951,228 1,273,303 1,204,936 1,222,681 1,437,919 812,389
3,061,732 777,028 1,902,284 (83,292) 366,162 99,550
(5,963,539) 6,319,430 732,691 (3,564,262) (4,801,958) (4,649,440)

(5,963,539) 6,319,430 7,052,121 3,487,859 (1,314,099) (5,963,539)

Risk Management
E. LEGAL RISK Legal Risk Management Policy and

Legal risk is a risk arising from lawsuit (taken Procedure
either by the internal or external party) and/ The Bank has Legal Handbook/Legal Manual
or the weakness of juridical aspect (the and Standard Operating Procedures (SOP) of
absence of legal documents and regulations or Legal Assistance which is evaluated regularly
weaknesses in the legal binding documents). according to the development of Danamons
In the risk management framework and in external/internal and the amendment of
accordance with the prevailing regulations, prevailing laws and regulations and has been
legal risk is one of important legal aspects that adapted to the regulations of Bank Indonesia
essentially aim to anticipate risks that will occur in line with the risk management.
in the future.
Legal Handbook/Legal Manual and SOP of
Along with the increasing scope of Danamons Legal Assistance can be accessed through
business and dynamic product development the portal and used by all working units of
influenced by many factors, the level of legal Danamon.
risk needs to be properly managed.
Legal Risk Management and Control
In principle, the main purpose of the application Mechanism
of legal risk management is to ensure that Legal Risk Management is done through
the risk management process can minimize a process of identification, measurement,
the possibility of negative impact of juridical monitoring, and risk control as well as
weakness, the absence and/or amendments information management system. In the
of legislations and litigation processes over the identification process, all business lines,
activities of Danamon and its Subsidiaries. support functions, as well as the Banks
subsidiaries need to identify and analyze the
Danamons Legal Risk Management factors that can lead to the occurrence of legal
Organization risk in business lines, products, processes
Legal risk in Danamon is managed by a and information technology which has impact
team coordinated by the Legal Division and on Banks financial position reputation.
chaired by General Legal Counsel. In the Identification of risk also includes legal risk
implementation of such legal risk, Legal Risk assessment arising from operating activities/
Management Team in Legal Division cooperates products/agreements and inherent risks.
with relevant working unit namely: Litigation
Unit and Danamon Access Center. In assessing inherent risk over legal risk, the
parameters/indicators used are:
Meanwhile, related to consolidated Danamon 1. Litigation factor
Legal Risk management, legal risk management 2. Weaknesses of Binding Commitment
team cooperates with legal risk management 3. Elimination/changes inregulation/legislation
team in PT Adira Dinamika Multi Finance Tbk
and PT Adira Quantum Multifinance.

In relation to implementation of legal risk Strategic risk can originate from among
management, Danamon has implemented others weakness or inaccuracy of strategic
several things namely: formulations, or failure to anticipate the
Implementation of legal risk by Danamon changes of business environment.
Senior Management (especially legal cases);
Realization of Legal Policy & Strategic Risk Management Organization
Documentation and SOP of legal risk Strategic risk working unit plays a role in
management, as mentioned above, which managing strategic risk and is under the active
among others regulate the identification supervision of Board of Commissioners and
and mapping of legal risks including the Board of Directors of the Bank. The Banks
mitigations, and matrix parameters, for strategic risk working unit covers the entire
the inherent risk and quality of legal risk Business Lines and Support Functions that
management implementation; work closely with financial working unit in
The establishment of working unit analyzing and monitoring the strategic risk.
designated by the management to monitor
and manage the inherent legal risk in a Strategic Risk Management
product and Danamons activity and its The implementation of strategic risk
subsidiary so that the possibility of existing management is carried out through active
legal risk does widely impact and become a supervision of Board of Commissioners
trigger of other risk. and Directors. In terms of strategic risk
management, the Board of Commissioners is
The implementation of legal risk management responsible to direct and approve the Banks
process that is comprehensive with the business and strategic plans. While the Board
presence of monitoring over the legal risk is of Directors is responsible to:
targeted to be consistently running with active Formulate the Banks strategic business
participation of all concerned parties. Through and strategic plans.
the joint endeavors, with Legal and Litigation Ensure that the strategic objectives set
Division as the division in charge, the existing in line with the mission, vision, culture,
risk is expected not to exceed the risk appetite business direction and risk tolerance of the
pre-determined by Danamon management, Bank.
and the existing legal cases decreases. Approve changes of strategic plans and
periodically review the alignment of strategic
To assure the improvement of legal risk plans.
management quality, Danamon has regularly Ensure the managerial competence and
provide legal training/socialization to the system and control in the Bank are adequate
employees. to support the established strategic
implementation.
F. STRATEGIC RISK Monitor the development of internal and
The management of strategic risk is intended external conditions that affect the Banks
to address a variety of risks caused by predetermined business strategy.
the establishment and implementation of Establish working unit/function that is
inadequate strategies. responsible and authorized to formulate and
oversee strategy implementation including
business and strategic plans.

Risk Management
Ensure that risk management for strategic Risk management framework, including the
risk has been implemented effectively and adequacy of organizational structure and
consistently. organizational policy and procedure.
The process of risk managements, human
Danamon manages strategic risk by monitoring resources and management information
inherent strategic risk and the quality of strategic systems, including the process of
risk management implementation. In assessing identification, measurement, management
inherent strategic risk, the parameters are: information systems and risk management,
The influence of external risk factors, as well as the quantity and quality of human
including macroeconomic condition, resources to support risk management.
regulation, technology, target customers, Risk control system, including the adequacy
competition as well as Banks position in the of internal control systems, and the
banking/finance industry. adequacy of the review by an independent
The influence of internal risk factors, party in the Bank.
including alignment of business strategy,
business model and strategy focus, Inherent Strategic Risk
effective organizational structure, adequacy Danamon has managed the inherent strategic
and human resources quality, technology, risk well. In essence, the Bank has a clear
and operational efficiency. and well defined vision as well as good
Monitoring the strategy implementation, organizational culture that is in line with
including its results, successful business structure and process. The Bank also
implementation of strategic projects, and has a clear, aligned, and measurable business
impact of strategic decisions made. strategy. This supports the Bank to keep in line
with the strong and stable economic growth
Furthermore, in assessing the quality of amid global economic uncertainty and a higher
strategic risk management, the following level of business competition.
factors are to be considered:
Risk Governance, including risk preference, Danamon anticipates the intense business
risk tolerance, and active supervision by competition by creating better service to
Board of Commissioners and Board of attract new customers and maintain existing
Directors. customers.
Danamon also understands that the

macroeconomic condition can lead to strategic
risk. Therefore, the Bank continues to monitor
some indicators such as inflation rate, BI
interest rate, and the changes in exchange rate
of Rupiah. The Bank actively adapts some of
its activities, such as lending, by anticipating
the movement of macroeconomic movement.
Danamon also seeks to improve operational
cost efficiency.

Competition in customer service directly as possible. To that end, a comprehensive

affects the competition between companies in study was conducted on applied aspects of
acquiring qualified human resources. The high adherence to policies/products/systems at
turnover of employees and the occurrence of the Bank. Compliance Risk Management is
vacant positions in divisions and subsidiaries, also conducted in the Banks compliance risk
as well as an amount of employee performance on an individual basis, and compliance risk
management has become an important of the Bank on a consolidated basis with its
concern of the management. To that end, Subsidiaries.
Danamon optimizes a recruitment system to
support business requirements and to conduct Compliance Risk Management Organization
analyses/employee evaluation to confirm the The management of compliance risk is
competence of human resources capability supported by an adequate governance structure,
with business needs. Danamon also conducted including the Board of Commissioners, a Risk
a survey of employees to discover how to Monitoring Committee, the Board of Directors,
improve employee satisfaction and to prepare a Compliance Committee and Compliance
HR support (bench strength) for important Working Unit, Senior Management, Business
positions. Units and other supporting units.
Strategic Application of Quality Risk The implementation of compliance risk is

Management managed by Danamons compliance function
Application of risk management has been as one of the components in Integrated Risk
implemented quite satisfactorily. However, Management Bank and Control Framework.
the Bank continues to fine-tune the process. To ensure effectiveness of compliance risk
Formulation of an acceptable level of risk (risk management in all Banks activities, compliance
appetite) is quite adequate in terms of limits, risk management becomes a responsibility
policy and procedure of processes with risks. shared across Banks organizational lines.
Risk managers in their respective divisions
and subsidiaries have also been positioned The Board of Commissioners, through the
to support the implementation of a business Risk Monitoring Committee, is responsible for
strategy determined by senior management. overseeing the function of Bank Compliance,
including assurance that risks have been
Danamon also continues to monitor various monitored and managed properly.
elements of relevant strategic risk and
continually updates its mitigation action plan The Board of Directors plays an instrumental
in response to changes in the Banks risk role in building Compliance Culture at all levels
situation. of the organization and activities. The Board
of Directors is supported by Compliance
G. COMPLIANCE RISK Committee which evaluates and reviews the
Compliance risk may arise from banks implementation of the Banks compliance
activities which do not meet the requirements and activities with potential compliance risk.
or regulations or generally prevailing laws The Compliance Committee is chaired by the
and regulations. Effective management Director of Compliance.
of Compliance Risk is very essential to
minimize the impact of the risk as quickly

Risk Management
The Compliance Director exercises duties and Strategy & Effectiveness of Compliance
responsibilities in formulating strategies to Risk Management
encourage a culture of compliance, establish Implementation of compliance risk is achieved
policy, systems, and procedures of compliance, through the process of identifying and
ensuring the compliance fits the Banks activity, measuring, monitoring and controlling of risk
minimizes compliance risk and prevents any and a management information system. The
decisions of management that might run process of risk identification and measurement
the risk of non-compliance. The Director of of compliance is achieved through a review of
Compliance thus plays an important role in the the policy, provision of funds and collection of
management of compliance risk. funds, as well as other Danamon activities, to
detect any potential non-compliance with Bank
The Compliance Working Unit is a working Indonesia provisions, laws and regulations in
unit formed to support the implementation force, prudential principles and standardized
of the Compliance Directors duties and sound business ethics.
responsibilities. Compliance Working Unit is
independent and free from any influence of any Compliance risk management is also carried out
other working units. Compliance Working Unit on matters that can increase the risk exposure
is supported by experienced resources and has of potential to either penalties or reputations.
professional compliance competence covering A business/branch working unit continuously
all Danamon business activities, including manages compliance risk and participates in
Syariah business unit and its Subsidiaries. performing identification, control and mitigation
Compliance Working Unit has clear duties of compliance risk in its activities.
and responsibilities as it is regulated in Banks
Compliance Policy.
The followings are among the efforts performed
To support the Compliance Function, the by the Compliance Unit to support the process
Bank appoints a Business Unit Compliance of compliance risk management, among others:
Coordinator (BUCO) and Business Unit Use of a reminder system to ensure that
Compliance Officer (BUFO) officials at business/ commitment and reporting are implemented
branch working units, as officials in charge in accordance with deadlines.
of planning, implementation and compliance Use of results of Compliance Regulatory Self
monitoring with prevailing laws and regulations Assessment (CRSA) done periodically as a
governing its working units. In a compliance basis to measure the level of compliance
risk management framework, the business/ risk.
branch working unit is in the vanguard, which Socialize regulations and provide regulation
plays an important role in the management of consultation to ensure that the Banks
the Banks compliance risk. activities are in line with prevailing laws and
regulations.
Develop e-learning programs containing
modules of Bank Indonesia regulations.

Provide a regulation database through the Financing, Calculation of Secondary Statutory

Banks intranet system, updated regularly Reserves and Statutory Reserves based on
and accessible for all employees. Loan to Deposit Ratio in Rupiah.
The commitment of all components to H. REPUTATION RISK

support the realization of compliance in Reputation risk is defined as the risk associated
Banks organization that is consistent with with adverse negative perception toward which
the management of reliable compliance risks can be triggered from a variety of undesirable
is expected to improve the effectiveness of events; such as negative publicity, a violation
compliance risk management and effect robust of business ethics, customer complaints,
control of compliance risk. governance weakness, and other events that
may impaired the Banks reputation.
Monitoring and Control Mechanism of
Compliance Risk Reputation Risk Management Organization
Danamon conducts monitoring and control Danamons reputation risk is managed by
of compliance risk through compliance risk Corporate Secretary Unit coordinates with Risk
results, assessment results, compliance results Management Unit and cooperates with Public
of self assessment and commitment to Bank Affairs Unit, Customer Complaints Handling
Indonesia, including the fulfillment of primary Unit, Compliance Unit, Financial Unit and other
regulations of the Bank and its subsidiaries. relevant units. Given its importance, reputation
risk management through implemented in an
In compliance risk management, Integrated integrated approach with full support from
Risk Management coordinates periodically relevant working units that handle customer
with the Internal Audit Unit. Integrated risk complaints, perform public relations functions,
management and Internal Audit Unit ensure the respond to negative publicity, and communicate
adequacy of Banks policy, and that procedure necessary information to stakeholders.
is in line with the provisions of Bank Indonesia
and relevant external provisions, as well as Meanwhile, to ensure Reputation Risk
their on-going implementation in the Bank. Management is carried out consolidatedly the
reputation risk management team at Danamon
Implementation of Regulatory Provisions work closely with PT Adira Dinamika Multi
Danamon always strives to comply with Finance, Tbk. and PT Adira Quantum Multi
provisions set by the Regulators; regulations Finance, Tbk.
issued during the year 2014 have been
implemented, include those relating to Good
Corporate Governance Implementation
for Commercial Banks, Application of Risk
Management to Bank with Lending or Property
Ownership Financing, Credit or Vehicle

Risk Management
Policy and Mechanism of Reputation Risk I. INVESTMENT RISK

Management Investment Risk (Equity Investment Risk)
The policy and mechanism of reputation risk arises because the Bank also bears the loss
management are aligned with regulations of business of its financing customers, under
and focusing on inherent reputation risk a profit-loss sharing basis agreement. This risk
management, such as: arises from Banks financing activities, using
1. Negative news related to the owner of mudharabah and musyarakah contracts.
Danamon and/or companies related to
Danamon. Financing based on a mudharabah contract
2. Violation of common practices of business takes the form of business cooperation between
ethics/norms. the Bank, which provides all the capital, and
3. The amount and significant level of the customers, who act as fund managers,
customers usage of Danamons complex by sharing the profit of the business, based
products and the amount and materiality of on the agreement realized in a contract, while
Danamons cooperation with its business the loss will be fully borne by the Bank unless
partners. the customers are proven to have committed
4. Frequency and materiality of negative willful misconduct, are negligent or violates the
publicity towards Danamon, including its agreement.
officials.
5. Frequency and materiality of customer Financing based on musyarakah contract
complaints. takes the form of cooperation between the
Bank and its customers for a certain business,
Danamon strives to implement high standard in which each party invests certain portion of
of reputation risk management through funds, under the provision that the profit will be
continuous improvement of governance, shared based on an agreement while any loss
policies and procedures utilization of better will be borne by all parties, according to the
information systems and quality enhancement respective fund portion.
of resources.
Equity Investment Risk Organization and
Risk Management During Crisis Situation Policy
Danamon has a separate policy and procedure Equity investment risk organization and policy
that governs the handling of activities during is the same as Credit Risk Organization, given
crashes, and the management of reputation both of the risks arise from financing activities.
risk, during crisis follows the policy and
procedure accordingly.

UUS Danamon has its own working unit to Rate of Return Risk Organization
process of providing financing covering criteria The Syariah Director, working through the
for accepting customers, financing approvals, Syariah Asset and Liabilities Committee (ALCO),
monitoring, managing financing problem is actively involved in funding planning and
and portfolio management where financing strategy. The establishment of a rate of return
in this case in financing based on profit and is reviewed periodically each month, in ALCO
loss sharing. The risk control is conducted Syariah meetings, by considering comparative
independent carried out by Integrated risk data in the Syariah Banking market.
working unit.
RISK MANAGEMENT EFFECTIVENESS
UUS Danamon has a working unit empowered EVALUATION
and responsible for analyzing report containing In order to carry out a proper evaluation of the
actual realization against business target set. effectiveness of risk management, the Board
The Bank ensures adequate infrastructure to of Commissioners and the Board of Directors
monitor business performance and operations actively supervise the implementation of risk
of those financed or regarded as partners. management through committees related to risk
management. To support the implementation
Investment Mitigation Risk of Syariah Board duties, the Risk Monitoring
To prevent any breach on the part of customers Committee monitors the implementation of
and as collateral for the Bank if customers strategies and risk management policies, risk
should make an intentional/willful mistake, exposures to be used as a basis for evaluating
be negligent or violate an agreement, the the accountability of the Board of Directors.
Bank requests collateral from customers who
are financed. Collateral type and collateral In order to obtain sufficient data and maintain
assessment follow prevailing collateral policy, an overview of the steps that have been taken
applied in financing business in general. in the management or risk, the Risk Monitoring
Committee conducts a monthly meeting to
J. RATE OF RETURN RISK discuss risk-related problems.
Rate of Return Risk is risk arising from changes
of level of return rate paid by the Bank to a As a follow-up of Risk Monitoring Committee
customer, as a result of changes in returns recommendations, the Risk Management
received by the Bank from the disbursements Committee supervises the development of
of funds, which can affect the behavior of a risk strategy and policy, and evaluates
funding a third-party customer of the Bank. significant risk issues. Based on the report of
Rate of Risk Management applies also to the Banks risk profile, submitted quarterly, the
Syariah Business Unit (UUS) business. Process Bank concludes that the effectiveness of risk
of Return of Risk Management refers to the management of the Bank and its subsidiaries
provision established by Bank Indonesia. should be rated at 2 (Low to Moderate).

Risk Management
In addition to evaluation of risk management 1. Integrated Risk Management.

and profiles, periodic evaluation/reviews are Build integrated Bankwide Data
also conducted over the methodology of risk Warehouse
appraisal, adequacy of system implementation, Improve the Risk Academy which include
management information system, and accuracy enhancement of training material and
of policies, procedures, and limits. Based on preparation of risk academy roadmap for
the results of the review process, Danamon employees
will conduct a periodic Meeting Portfolio to Implementation of SAS EG allowing
evaluate the condition of its risk portfolio monitoring through bankwide dashboard
against the Bank and Its subsidiaries.
2. Credit Risk Management.
RISK MANAGEMENT ACTIVITIES PLAN Develop a new internal rating module
IN 2014 for Micro business, ADMF and SME
As described in the 2015 Economy Outlook integrated into policy and systems
section, Indonesias economy in the year 2015 Develop Collateral Management
is predicted to still be in recovery. The following Systems (CMS)
are some of the challenges projected for 2015: Implement New Central Liability Systems
Rupiah Exchange Rate against USD (CLS)
remains weak, threatening risk towards Implement Credit Processing Systems
USD- denominated credit portfolios. for SME
Inflation remains high, and therefore the
benchmark interest rate (BI rate) will also 3. Operational Risk Management and Fraud.
remain high and will result high interest Improve the Banks early Fraud detection
costs for customers. strategy through optimal use of existing
It is possible that new, more stringent systems such as anti money laundering
policies be issued in response to the systems, monitoring of application fraud
unfavorable economy. (Instinc) and others aimed to minimize
Risk of increasing operating costs. fraud risk
The commencement of Basel III provisions, Improve execution of Business
expected to have a gradual impact on the Continuity Management (BCM) through
increase of capital. introduction of BCM Heat Map
To anticipate these external conditions in

2015, Danamon has prepared various risk
management initiatives as follows:

Improve the implementation of

Integrated ORM Tools for Risk/Loss
Event Database, Risk Control Self
Assessment dan Key Risk Indicator
Improve E-Learning for increase risk
awareness in Subsidiaries
4. Market Risk Management

Continue the development of Asset
Liquidity Management System to
support monitoring of liquidity risk and
interest rate risk
Improve Market and Liquidity limit fro
2015 which include infrastructure and to
align with Basel III (LCR)
Continue the implementation of
integrating market and liquidity risk
with Subsidiaries covering policy, risk
measurement tools and monitoring
including escalation process due to over
limit.

Human Resources
Danamon provided 2,948 learning programs

participated by 70,278 employees generating
172,059 training man-days.

Danamon is very much aware that Employees A variety of training activities are coordinated
are unique resources, a source for the by Danamon Corporate University, which are
companys competitive advantage, and very conducted mostly in Danamon training center
difficult to be replicated by competitors. at Ciawi, West Java and in a number of training
This is the parameter for human resources centers located in several regions.
management at Danamon, for constantly
developing each employee to be a continuously 2014 HR LEARNFEST
growing investment for the company. In addition to facilitating training programs
for various divisions in Danamon, HR Division
COMPETENCY DEVELOPMENT AND organized 2014 LearnFest for the first time.
TRAINING The first learning festival in Danamon is an
Danamon strive to ensure that the competency initiative HR Division in its efforts improving the
of each of its employees is appropriate with competency of HR team leaders and members
the demand of roles and responsibilities of in providing the many services required by
each position. In realizing this, in addition to the latest HR function. HR function is one of
facilitating specific program development the most important pillars for serving multi
in each line of business, comprehensively dimensional human resource dynamics in
Danamon also provides a series of individual an organization, thus it always needs to be
program development for each employee group improved to respond to future challenges.
from the clerical level, first lime management,
middle management to senior management. For five days in a row, around 200 members
of Human Resources team from Head Office,
Corresponding to the organizational aspiration Regional Offices and HR Business Partners
to be Employer of Choice, the leadership participated in learning processes using several
development program is always the focus of different approaches. There were 25 learning
Danamon in preparing the companys future classes organized in this Learning Festival
leaders. Leadership education is conducted week, presenting the latest HR topics with a
through the program of Danamon Leadership variety of learning methods and facilitated by
Academy, which is based on the leadership HRD practitioners and prominent figures in
platform of Danamon: Grow Yourself Grow Indonesia.
Your People Grow Your Business, which
is known as 3G. In running this program, The first Learning Festival, which is organized
Danamon works in partnerships with a number in August 2014 was opened by President
of leading national and global institutions. Director, Henry Ho Hon Cheong, and attended
by Danamon Commissioner JB Kristiadi
who welcomed the idea and requested that
similar learning models are replicated for other
Danamon divisions.

Human Resources
Danamon Leadership Academy Internal Training Program
Following the success of HR LearnFest, its In accordance with BI regulation on Risk

approach of integrated collective learning Management Certification (RMC), until October
was relaunched for Division of Self-Employed 2014 the Bank had trained 436 employees
Mass Market, presented as Science Market and sent 503 employees to participate in RMC
program with Change as its main topic. It Examinations, and 453 employees had formally
was aimed for preparing team leaders and passed.
members who manage Danamon Simpan
Pinjam (DSP) to face a number of organizational The Bank conducted accelerated learning
transformation processes in 2015, which programs through Officer Development
are designed for responding to the market Program, covering the following areas:
dynamics of Indonesia micro business. Integrated Risk, in Risk Officers training
programs.
SME Banking, in Relationship Officer and
A series of 12 classes were conducted during Funding Officer training programs.
3 days in succession, presenting several topics Wholesale Banking, in Relationship Officer
on Management of Change, attended by and Funding Officer training programs.
400 leaders from First Line, Middle to Senior Consumer Banking, in Personal Banking
Management levels. The sessions were warmly Officers, Sales Service Officers (Customer
welcomed, and the subsequent sessions were Service), Relationship Managers, Branch
awaited. Manager, Mortgage Officers and Consumer
Banking Management Development training
Until October 2014 more than 1000 learning programs.
programs had been conducted where more Operation, in Teller and Branch Service
than 28,100 employees participated and Manager training programs.
produced more than 72,000 training man- Micro Banking, in Account Officers,
days. Around 40% of these programs were Operation Officers, Unit Managers and
conducted in Ciawi training center and four Collection Officers training programs.
regional training centers.

Training Program Statistics

Training Program 2010 2011 2012 2013 2014
Number of Training Programs 8,000 6,237 4,230 3,329 2.948
Total Training Participants 70,500 67,632 83,277 90,864 70.278
Total Man-days 165,000 218,480 203,397 237,446 175.059
Total Training Investment (Rp million) 204,713 285,673 265,705 261,079 225.942
Average Investment per employee (Rp million) 2.90 4.22 3.19 2.87 3,21
INTERNALIZING COMPANY CULTURE

Activities to internalize the Danamons culture starts since an employee begin his/her employment
through employees orientation program. Communicating the Banks culture is an integral part of
training classes, meetings, workshops and various other meeting forums.
One of the initiatives for internalizing the Danamons culture which has turned into Danamons yearly
agenda is the program Bisa! Award, an activity for showing appreciations to the employees who
show Can Do Spirit producing useful real results for the environment around him/her, exceeding
the demand of his/her daily roles and works, and representing the application of Danamon core
values.
RECRUITMENT
2014 is a challenging year for the Danamon to keep its employees. In the space of ten months until
October 2014, the number of newly recruited employees had reached 5,227, mostly for filling the
positions vacated by the employees who already left, attracted by aggressive offers from various
competitors.
At the start of 2014, the number of Danamon employees was 67,727 and slightly reduced
to 60,618 employees at the end of the year. 46% of the new employees were fresh graduates,
possessing at least D3 diploma, while the remaining 54% are new employees who already have
working experience, mostly in the banking and financial industry. The recruitment activities for fresh
graduates were performed through several means. In addition to open invitations in job vacancy ads

Human Resources
in mass-media or the Bank website, Danamon Talent management is expected to improve

also conducted talents search directly in the employees engagement, which at the end,
selected universities and other education generates the best contribution for the
institutions. The later was conducted by company.
Danamon HR by holding seminar or public
lecture, and participating in events of Career EMPLOYEE ENGAGEMENT AND
Day in a number of universities. INDUSTRIAL RELATIONS
The meetings between the Board of Directors
Domestic recruitment was still a priority in 2014. with the Central Leadership Council (DPP) of
Nevertheless, external manpower including Workers Union are held quarterly ini a year, thus
expatriates were still needed in some particular an open two-way communication is created
areas, such as risk management. to discuss industrial relationship issues.
Additionally, direct monthly meetings were also
WELFARE held in central and regional offices attended by
Danamons Management makes every effort representatives from HR Division and Workers
to retain the best employees, and ensure Union.
the right positions for them. By means of HR
Division, several strategies are implemented to In 2014, settlements of complaint were
support the effort, among them consolidating accomplished smoothly, conforming to the
remuneration practices to guarantee that prevailing regulations, either through direct
compensation policies in the organization meeting between the employees and their
have implemented effectively to support superiors, or through mediation of HR Division
performance and in accordance with the and/or Workers Union. Although there are cases
existing regulations. where settlements were achieved outside the
Bank, it is certain that they were in conformity
Danamon also provides health insurance with the relevant laws and regulation.
facilities, which is currently one of the best in
the industry, in addition to mortgage and motor OPENNESS
vehicle loans. For strengthening the culture of openness and
transparency, Danamon periodically conducts
TALENT MANAGEMENT Live-Chat with Director through Danamon
Talent management is the main focus of Intranet Portal. President Director and other
HR Division by performing improvement of Directors take turns hosting the live-chat,
frameworks and processes. The activities of while all employees can interact by sending
Talent Review for senior and critical positions questions, suggestions, complaints to the top
in the company are expected to be a means executives, and getting answers and attentions
for identifying high potential employees and directly. This initiative is expected to maintain
selecting appropriate employee development the communication between management and
and retention programs. employees and to produce optimal coordination
and performance.

DANAMON EMPLOYEES CARE model and to help spreading information on

To develop strong relationships among healthy live.
employees, mutual-care among employees
was organized and coordinated through a Starting last year Danamon piloting nursery
program Karyawan Danamon Peduli (KDP). room in several building in Jakarta and seven
KDP is a employees voluntary funds collection regions. The room enables employee to
program, where for every employee fund continue perform breast feeding or pumping
contribution, Danamon is committed to during office hour. The POMCYN Club manages
match it with the same amount of company the room and provides education and facilities
contribution. Karyawan Danamon Peduli to store breast milk.
(KDP) requests each employee to actively
help and support other employee by providing COMPANY INVESTMENT IN HUMAN
Scholarships, Treatment/Care, Sympathies RESOURCE MANAGEMENT
for Loss of Parents/Parents in Law, and Care As described earlier, human resource is one
for employees stricken by calamities/natural of the most important assets of Danamon that
disasters. needs to be guarded, retained and developed.
For this reason, Danamon pays a special
WORK LIFE BALANCE attention to humah resource management,
As an expression of the Banks commitment from recruitment, training, competency
who constantly seek to create working development, provision of fair compensation,
environment supportive to work-life balance, health insurances, and other welfare package
Danamon Club (Daclub) was established. It is scheme.
a place for employees gathering according to
their personal interests in sports, arts, hobbies, In 2014, the expenses incurred for human
including social and religious activities. resource development amounted to Rp 5.8
trillion, grew by 1.7% from the previous year,
The Bank constantly made strong efforts to due to the increase in employee expenses.
improve employees awareness on staying
healthy, and maintaining medical preventions. For the activities related to competency
HR Division organized several health talk on development and human resource training, the
the themes of health management and healthy investment made by Danamon in 2014 was IDR
life style. HR Division also promotes regular 225 billion (consolidated). This is a 13% decline
stretching activities twice daily, at 10.00 and from the amount of the same investment in
15.00, and furnished Danamon offices with 2013, which was IDR 261 billion (consolidated)
Health Corner, which are equipped with an
instrument for measuring Body Mass Index
(BMI) and tensimeter. Furthermore, HR Division
has started a health campaign by appointing a
Health Ambassador from employees as a role

Human Resources
Data Headcount Danamon Per December 2014

Source 2010 2011 2012 2013 2014
Danamon 26,275 30,736 33,939 35,423 31,660
Adira Finance 24,392 28,272 28,093 28,519 26,098
Adira Quantum 2,026 2,417 2,439 2,863 1,691
Adira Insurance 709 841 867 922 1,169
Total 53,402 62,266 65,338 67,727 60,618
Employee Composition by Education (Consolidated)

Education 2010 2011 2012 2013 2014
Post graduate 575 579 577 573 542
Bachelor 34,487 40,256 41,162 42,361 37,834
Diploma 11,155 13,297 13,678 14,007 11,982
High School 7,003 7,986 9,789 10,671 10,161
Junior High/Elementary School 182 148 132 115 99
Total 53,402 62,266 65,338 67,727 60,618
Employee Composition by Length of Service (Consolidated)

Year of Service 2010 2011 2012 2013 2014
0-3 years 31,297 38,040 39,385 36,053 25,128
3-5 years 5,963 7,661 8,066 11,676 14,555
5-10 tahun 8,799 9,259 10,311 11,479 10,896
10-20 tahun 6,510 6,344 6,534 7,354 8,774
>20 tahun 833 962 1,042 1,165 1,265
Total 53,402 62,266 65,338 67,727 60,618
Employee Composition by Age (Consolidated)

Age 2010 2011 2012 2013 2014
<25 years 6,850 9,676 9,364 9,066 6,343
25-34 years 34,444 39,484 40,960 41,983 36,584
35-44 years 10,630 11,297 12,764 13,966 14,520
>45 years 1,478 1,809 2,250 2,712 3,171
Total 53,402 62,266 65,338 67,727 60,618
Employee Composition by Position (Consolidated)

Grade 2010 2011 2012 2013 2014
Top Management & Technical Advisor 46 38 45 49 39
Senior Manager 325 336 362 407 422
Manager 2,410 2,586 2,909 3,495 4,045
Officer 12,117 13,903 15,618 16,894 16,818
Staff 38,504 45,403 46,404 46,882 39,294
Total 53,402 62,266 65,338 67,727 60,618
* Employee data covers permanent, probation, contract, trainee, part-time and expatriat
* Above data exclude outsource staff

2015 REVIEW 4. Conducting leadership and talent

The challenges of human resource management management program continuously, to
confronted by the Bank in 2015 will be strong, create and prepare future leaders.
among them, high rate of employees attrition
in several areas, rising cost of manpower that With these focuses, Danamon believes human
should be followed by proportional increase of resources will be more prepared to confront
rising productivity, business growth requiring business challenges and stronger competitions
sufficient number of competent leaders in the ahead.
working units, and the program of embedding
company culture which still needs to be
strengthened within the Banks organization.
To respond to these challenges, in 2015 HR will

have several focuses, among them;
1. Creating synergy between functions of work
units in the organization through analysis
of business process, clarification of jobs
accountability, harmonizing KPI for every
work unit.
2. Process improvement in performance
management system, in line with the
company strategy, and a more objective
and transparent performance evaluation
process.
3. Programs related to competency and
capacity development for line managers
and middle managers, among others;
launching of People Manager Program,
which is especially designed to sharpen
the skills of managing a working team and
optimizing efforts to achieve targets through
an effective team.

In order to safeguard the security, traffic, and

operation efficiency, Danamons IT always makes
certain that all products and services can be
accessed at any time and wherever the customer
is located.

Information Technology at Danamon is tasked brand positioning by highlighting Simplicity

with supporting business growth of the Bank and Delightful. Furnished with dynamic and
and its subsidiaries, and ensuring that the customized menu, customers who use the
operation of the Bank is secure, smooth and application will get several benefits; ability to
efficient and maximizing the availability and conduct banking transactions that includes
minimizing the disruptions of services. new features of payment via Facebook (social
media), and cash withdrawal without a card.
The role of Information Technology at Customer can also enjoy the latest Danamon
Danamon is crucial in safeguarding the promotions using the technology of augmented
security, smoothness and efficiency of the reality, and information/simulation on the latest
overall operation of the Bank. It is for obvious products. Mutual funds investment and online
reason that Danamon highly prioritized the account opening will be added as new features.
development of IT, considering that most of Users who are not customers of Danamon
banking services rely on IT capacity. Through can still benefit from the latest products and
IT Directorate, Danamon makes certain that promotions of Danamon. Danamon Mobile
all products and services are available for Banking application can be obtained by
customers and can be securely accessed downloading from the respective application
whenever and wherever a customer is. store of each smartphone platform (Google
Play, App Store, Blackberry Application World,
The IT of Danamon is aimed toward the and the official site of Danamon).
achievement of several objectives;
Supporting business growth of the Bank The new design for Retail Internet Banking
and its subsidiaries; was introduced and launched in September
Ensuring operation of the Bank is secure, 2014. The latest design adopted the looks and
smooth and efficient; and feel of more interactive web pages, including
maximizing the availability and minimizing more responsive design (able to adjust screen
the disruptions of services. size automatically). The new function of online
shopping payment for e-commerce feature has
For achieving these objectives, Danamon also been developed. Another new additional
conducted several important initiatives in IT in feature, which is being finalized, is the
2014, which include: registration for opening new account through
e-form or DDF (Danamon Digital Form).
1. Development of System and Application for
Business To widen the current product variety of
Danamon credit card, Mastercard Corporate
As one of the ten biggest banks in Indonesia, Card was launched on June 2014. Furthermore,
Danamon Bank has developed Mobile for preventing incidents of fraud utilizing fake
Banking applicaton. Danamon strengthened application (fake identity), and supporting

business growth, IT implemented Retail equipped with a capability of SWIFT interfacing,

Banking Application Fraud Detection System which is not currently supported.
on September 2014 to monitor and perform
early detection of every suspicious incoming 2. Development of Bankwide System and
application for minimizing the Banks loss. Application
For managing liquidity and interest rates risks
Implementation of Collection Auto Dialer in the balance sheet, the New Asset & Liability
for credit cards was completed in October Management system was implemented for
2014. This automatic calling system is able to Treasury Division in October 2014 for acquiring
eliminate unproductive calling, thus improving information timely and accurate.
agents productivity by anticipating when
to make the next call, and how to detect IT is currently implementing Centralized
unproductive call e.g busy signals, answering Limit System, capable to monitor groups of
machine, no answer and disconnect. There is borrowers, Omnibus, and to satisfy the need
no delay in transferring the call to the collection of reporting requirements. Additionally, IT has
agent. This automatic call system produces completed the selection of SOA Middleware
cost and time saving for each business call. System that will be implemented in 2015. The
Middleware will provide a capacity for stand-
For supporting DSP business segment, IT in for Core Banking, and capacity for channel
implemented Mobile SPA (Sales Prospecting integration and provide a foundation for future
Application) in May 2014 to increase the initiatives such as Enterprise CIF, Customer
efficiency of prospecting sales agents who use Communication Hub and Omni Channel
cellphone. For supporting the administration, Capability.
control and search of DSP documents, IT
has implemented Document Management 3. Hardware and Communication Network
System, which can also perform the function IT has implemented virtualization for UAT
of centralized document keeping for DSP. The & Development server in February 2014 to
improvement of EDC DSP is conducted not gain more efficiency on the current facility,
only for improving DSP transaction services, especially on the utilization capacity of Data
but other banks line of business on DSP Center, electricity usage and cost.
branches as well.
In April 2014, IT completed the improvement
As for supporting the business growth of Trade and replacement of bandwidth management
Finance & Transaction Banking, IT is currently for ensuring correct bandwidth allocation and
implementing New Trade Finance system traffic priority for application data on the basis
of their level of criticality for connecting Data
Center to the branches and vice-versa.

4. Regulations and Compliance Implementing SOA Middleware.

IT implemented LBU Syariah XBRL in April 2014 IT has implemented virtualization for
in compliance with BI regulation, and in June Production & DRC server for better
2014 IT implemented Negative List system that efficiency.
contains list of customers on the blacklist, to Continuing development phase 2 and 3
get a better process of loan approval for more of Danamon Mobile Banking Application,
effective management of credit risks. which will add more functions and ability
for customers to open an account, invest in
Gradual implementation of 6-digits PIN credit mutual funds, and e-saving.
card for EDC has been started since September Implementing a new application of
2014, and will be completed on December Wholesale Internet Banking phase 1, which
2014 in compliance with the OJK regulation includes cash management functions,
whereby June 30th 2015 all credit card financial supply chain, and phase 2 that
Acquirer must upgrade all EDC and system to includes integrated gateway for trade
process transaction with 6 digit PIN. finance and treasury transactions.
Continuing the implementation and rolling
5. A PLAN FOR 2015 out EMV for Debit Card with 6-digits PIN,
The development of Danamon IT ahead will be and preparing cards able to support 6-digits
more focused on the improvement of electronic PIN.
channel capacity and implementation of several DSP will continue its piloting launch of
new systems for supporting the business Mobile Branch.
needs of the Bank. Implementation of new function in SEMM
Mobile Sales Application, which will enable
In 2015, the following initiatives will be a customer to open an account without
implemented: visiting any branch.
As part of Customer Service Without Danamon IT will also continue the
Disruptions, Danamon will continue the implementation of Loan Origination System
renewal of core banking technology for SMEC.
infrastructure refresh. Completing the implementation of the new
Asset Liability Management phase 2, which Trade Finance System.
covers Dynamic ALM, Liquidity Risk, FTP Enterprise CIF initiatives will be started.
analysis, and phase 3 that includes Basel III
function. Furthermore, IT Directorate will continue to be
Conducting preparatory stage for Enterprise on guard on the risks of misuse of IT access
Data Warehouse. In this preparatoy stage, by internal or external parties with ill intentions.
Danamon will form Data Governance team,
including its policies and procedures.
Danamon will also conduct a process of
improvement of data quality.

Operations
Danamon continuously endeavors to be regarded

as a bank who provides services that are quick,
convenient, flexible and accessible anywhere and
anytime.

In line with business development and customer demand for better services, Danamons operation
in 2014 continued the improvement processes in many areas. Operating under a proactive and
constructive supervision from the Regulator, Danamon Bank constantly seeks to ensure that every
transaction is conducted in security, competency, compliancy and efficiency that correspond to the
rising need of customers for banking products and services, the risks involved and the progress of
banking technology.
Vision We Care and Enable Millions to Prosper
Mission The Leading Financial Institution in Indonesia with a Significant Market

Presence
Operation FAST EASY FLEXIBLE REACHABLE

UVP
What we want to be known by Customer
1 Simplified 2 Centralized 3 Synergy 4 Promote

Strategy Process Operations Alternative
Channel
Operation to the Next Level
Values Passion to Discipline

Caring Honesty Teamwork
Excel Professionalis
m
The role of Danamon Operations in 2014 is as enabler, in accordance with the Operational
Framework that is grounded on Vision, Missions and Core Values of Danamon Bank (see the
diagram above). Danamon continuously endeavour to be regarded as a bank who provides services
that are quick, convenient, flexible and accessible anywhere and anytime. Building on this endeavor,
four basic strategies of Danamon Operations have been developed to achieve sustainable growth
of business. They are:
Promoting simplified banking processes on the whole network of the Bank, enabling customers
to enjoy faster services through simpler process.
Centralizing banking process at the branch offices to make operational costs more efficient and
organizations of branch offices more streamlined.
Increasing the use of alternative banking channels by customers.

Operasional
Strengthening the synergy with subsidiary Bank Indonesia recognition for Best
companies within Danamon business LBU Reporting Bank-Second Place
group, on the banking services needed for Citis Performance Excellence Award
their business. for Outstanding Achievement in Straight
Through Processing from Citibank with
2014 OPERATIONAL PERFORMANCE STP rating 99.90% for MT 103 and MT
202
OPERATIONS Elite Quality Recognition Award US
2014 is the year where operational performance Dollar Clearing from JP Morgan with
produced significant improvements, which are Rating STP 99.42% MT 103
shown by: STP Excellent Award Deutsche Bank
1. Financial achievement, 13% less than the Best Domestic Providers of FX Service,
budget formulated at the beginning of the Best for FX Products and Services, Best
year with various initiatives to improve for FX Options, dan Best for FX Research
efficiency. and Market Coverage from Asiamoney,
2. Improvement of controls, indicated by the Foreign Exchange Poll.
ratio of Acceptable Audit Rating which is up
from 52% in 2013 to 77% in 2014. As part of operations ongoing improvements,
3. Better service quality, which is indicated by several programs were conducted as the
many awards and recognitions awarded to continuation of the previous years activities:
Danamon: 1. An event Operation Initiative Award
Best Teller in Banking Industry (BSEM- 2014 was organized with the objective of
Survey) encouraging innovative spirit at all levels
WOW Service Excellence Award 2014 of operational staffs. The event was well
(Markplus) appreciated by all staffs, and it was expanded
Excellent Service Experience Award with participation of CREM staffs, from the
2014 (ESEA) initial participation of just Operational staffs
Institute of Service Management Survey in the previous year. There was also a clear
2014: progress in the number of ideas proposed,
- 1st Place for Bandung from 129 in 2013 to 254 in 2014, an increase
- 3rd Place for Jakarta of 100%.
Bank Indonesia Recognition for Banda 2. Organizing Control Award where the
Aceh : 2014 Best Cash & Clearing participation was not limited to branch
Administration operation only, but broadened with
Recognition of Bank Indonesia Regional participation from central and regional
Representative Office at Region VII offices, thus every units in Danamon network
Palembang as Best Management for would be considered for the recognition for
Cash Administration 2014 good process control.
Bank Indonesia recognition for
Counterfeit Money Reporting in Padang,
Pontianak and Denpasar

3. Continuing the innovations in branches 2. Changing Passbook into Savings Book

operational efficiency, among others by where Savings Book is not a verification
widening the coverage of outsourcing tool anymore, thus customers can do the
Mailroom activities to Bandung and necessary transactions more quickly and
Surabaya. This generates IDR 600 million conveniently.
of cost saving for the Bank every year. 3. Launching Video Control to facilitate
Additionally, Operational team continues learning process on control aspects at the
to apply Branch Capacity Planning to branch and division level.
achieve optimal operational capacity at the
branch level, enabling IDR 27 billion cost Corporate Real Estate Management (CREM)
saving annually while maintaining excellent In the area of Corporate Real Estate
services to the customers. Management (CREM), some initiatives
4. The backbone of Danamon Trade Finance implemented in 2014 are as follows:
business growth, New Trade Finance Supporting business units in the branch
System, was developed and implemented offices network project, including the
further in 2014 by Operational team, completion of ATM & Branches Relocation
enabling Danamon to expand this line of projects.
business agressively in 2015. Implementing restacking project (relayout
5. Maintaining the strategy of centralization, of working area) to improve the employees
among others by taking over the process productivity by redesigning for more
of payment for Cash Pickup claims at efficient office space and creating healthty
Cash Management, centralizing sundries and better working environment.
at SEMM, transferring the CLS process at Continuing the construction of new Head
SMEC and the CDP process at SEMM to Office building to consolidate Head Office
LTS, consolidating CCDM from 8 into 2, and working units, which presently are located
centralizing Helpdesk in line of businesses in several rented building.
to Helpdesk Operation. Continuing branches relocation project by
maximizing the efficiency of space use, and
Furthermore, Danamon Operational also reducing the cost of rental space by opening
implemented new initiatives in 2014 to improve conventional branch offices in Adira group
operational performance in terms of process offices, or combining business works in
simplification and standardization. Some of conventional branch offices and vice-versa.
them are as follows:
1. Avatar Project, an Operational team long
term initiative that was launched and
initiated in 2014. It is an innovation based
on shared services and allocated into 3
streams; Lending Stream, Payment Stream
and Support Stream. This initiative does
not improve Operational efficiency only, but
also improves bankwide efficiency.

Operasional
Implementing programs of operational 2. Implementing systems to improve

cost savings on Danamon property, which automation, productivity and SLA in the
include replacement of light bulbs with LED forms of New Trade Finance System, RTGS
light bulbs, replacement of AC refrigerant Gen 2, SKN Gen 2, MPN Gen 2, Bank Wide
with energy saving refrigerant, installations Reconciliation System, and many other
of timers and reducing the use of overtime applications.
electricity. 3. Continuing the concept of Savings Book
Continuing the improvement program on to other products such as Primadollar, so
branches infrastructure, head office and customer convenience in transactions can
regional offices buildings. be expanded to all.
Development of Real Estate Management 4. Performing shared service with DSP
System to support management in branches and implementing rationalization
designing strategies and making decisions, stage 2.
and centralizing real estate information. 5. Optimizing shared service at branch level by
preparing programs of Teller Multitasking,
2015 REVIEW Head Teller Multifunction, and Operation
Officer Inhouse Training.
Operation
Operational focus in 2015 is performing Corporate Real Estate Management (CREM)
comprehensive transformation at the levels of Division of Corporate Real Estate Management
head office, regional and branches to expand (CREM), has a strategy of focusing on the
shared service and increase efficiency in improvement of efficiency in administering
all areas. The transformation process does property infrastructure, which includes several
not include working process only, but a core initiatives, such as:
transformation of organizational operations in Carrying out the construction of the new
totality to achieve optimum results. Danamon head office, which is expected to
be completed in July 2015, and the process
2015 work plan will be focused on this strategy, of moving in will be conducted between
and will be realized on, among others: October to December 2015.
1. Continuing the long term Avatar Project, Preparing the engineering design and
which covers more than 20 initiatives preparatory works for the project of
from Lending Stream, Payment Stream consolidated operational office (shared
and Support Stream for supporting target service) that provides property solutions,
achievement of Cost to Income Ratio and which are more efficient, energy saving and
Bank ROE in 2015. conducive for improvement of employees
productivity. It is expected that construction
of the office of integrated operational
supports can be finalized before 2018.

Preparing the engineering design and

preparatory works for construction project
of Danamon data center in Cikarang, whose
construction is expected to be completed
before 2018.
Continuing the programs and projects
supporting the consolidation of Danamon
and Group network of branches in cities
across Indonesia, which will improve the
efficiency of space use, reduce rental and
operational costs, including the acquisition
and construction of branch offices network
in large cities.
Continuing the implementation of cost
saving programs for property operational
cost in all branch and regional offices in
Indonesia.
Supporting business units in the project
of branch offices network, including the
completion of ATM & Branches relocation
project.

Business Review

Corporate
Governance

Corporate Governance
Danamon considers corporate governance as the foundation to achieve long

term economic values for of the shareholders, stakeholders and society as
a whole. Implementing high-standards of corporate governance, will an able
Danamon to be as a fundamentally healthy bank, sustainable and able to
manage challenges while remaining highly competitive.

COMMITMENT FOR GOOD CORPORATE GOVERNANCE IMPLEMENTATION

Applying good corporate governance (GCG) best practices has enabled Danamon to weather a
challenging year with sound financial and non-financial performances. Danamon is committed to
continously improve the implementation of GCG in accordance with the ASEAN and international
standards, so that the Bank is able to grow sustainably, remain stable, and highly competitive to
become a well recognized Indonesian financial institution at the national as well as the ASEAN
economic community level.
Danamon has a strong commitment to realize GCG, supported by the presence of:
Clear and realistic Vision, Mission and Core Values, which are periodically evaluated by the
Board of Commissioners and Directors;
Danamon GCG Guidelines as a reference to GCG implementation;
Guidelines and charters of the Boards of Commissioners and Directors, along with Committees;
Determination of clear responsibilities and accountabilities of Danamon organs;
Establishment of codes of ethic and rules of conduct consistently implemented in Danamons
corporate culture;
Strong internal control system, including internal and external audit functions, as well as risk
management and compliance functions independent of business units and operations;
Implementation of a checks & balances mechanism;
Guidelines for affiliated transactions and related parties transaction including transaction with
conflict of interest;
Collective Labour Agreement (CLA) to assure the rights and obligations for Danamon corporate
and its employees as conduit for a positive working environment;
A whistleblowing system as a mechanism for reporting and lodging complaints, suggestions and
critiques from employees and other stakeholders;
Clear and implementable corporate social responsibility and environmental programs.
THE PURPOSE OF THE IMPLEMENTATION OF CORPORATE GOVERNANCE

In banking industry, the implementation of GCG is more than merely compliance, but is a necessity
and essential factor for the sustainability of the company. Implementing GCG with consistently high
standards will spur the Banks performance, foster investor confidence, protecting the interests of
stakeholders, as well as making positive contribution to social environment and national economy.
The GCG implementation in Danamom also aims to optimize the Banks value for stakeholders,
ensuring equal rights and treatment of all shareholders, and maintain professionalism in the
management of the Bank. To that end, Danamon will continue to strengthen the implementation of
good corporate governance practices in all aspects of its business activities.

CORPORATE GOVERNANCE IMPLEMANTATION ROADMAP

Strengthening of GCG implementation is conducted through sustainable and consistant process
from time to time. The following is Danamon GCG Roadmap from 2006 to 2015:
2006-2008 2009-2011
Published GCG manual for employees at all levels Refine e-learning Compliance
as the practical guidelines for GCG principles Module to further improve
implementation employees compliance
Provided confidential channel for employees awareness.
and/or suppliers to report suspicious activities/ Refine and update the Audit
occurrence of fraud, corruption and/or violation Committee and Risk Monitoring
of Code of Conduct Committee Charters
Applied investment policy that regulates Established Compliance
employees personal investment activities Committe
Applied policy regarding treatment for Updated Anti-Money
confidential information of Danamon, segregate Laundering/Combating
the Risk and Audit Committee into Audit Financing Terrorism
Committee and Risk Monitoring Committee, Strengthened compliance
Established Nomination and Remuneration, risk management through
Committee and Corporate Governance Committee. Compliance Regulatory Self
Expand compliance functions coverage to Assessment (CRSA)
subsidiaries PT Adira Dinamika Multi Finance, Refine and update Nomination
Tbk., PT Asuransi Adira Dinamika, and PT Adira and Remuneration Committee
Quantum Multifinance. Appointed Independent Charter
Commissioners as Chairman for Committees Refined Whistleblower Policy
under BoC; Developed Risk Appetite
Refine and update Corporate Governance Statement
Committee Charter Analyzed and evualated GCG
implementation in subsidiaries
(ADMF, AD, and AQMF)
2012-2013 2014
GCG alignment with Harmonized and enhanced the implementation
subsidiaries of good corporate governance practices with
Delegate Operational Risk the rules and applied legislation primarily to
Management function the recommendations of the Financial Services
to Business Unit and Authority which is set out in the Corporate
Supporting Unit levels Governance Roadmap Indonesia.
Implementation of Harmonized and enhanced the implementation of
Compliance Regulatory good corporate governance practice with ASEAN
Self Assessment (CRSA) by CG Scorecard.
sistem. Facilitated all members of the Board of
E-Learning Compliance Commissioners with refreshment risk management
system & UKPN training course
Established ORM Broke down the Nomination and Remuneration
Committee under BoD Committee into two committees, namely the
Analyzed Danamons GCG Nomination and Remuneration Committee
implementation against Refered to the applicable regulations, adjust the
ASEAN CG Scorecard structure of the Audit Committee, Risk Monitoring
Sustainability report Committee, Remuneration Committee, Nomination
following the Global Committee
Reporting Initiative (GRI) Enhanced and updated Guidelines and Rules of
standard. the Board of Commissioners, Directors, Audit
Committee, Risk Pematau Committee, Nomination
Committee, Remuneration Committee, and
Corporate Governance Committee
Issued improved policies which manage the
implementation of affiliate transactions and
conflict of interest
Improved the performance of the Board of
Directors by enhancing and updating policies of
tasks division and to be responsibile for each
member of the Board of Directors.
2015
Established Compliance, Risk Management as well as Integrated Internal Audit, Risk
Management Committee and Corporate Governance Committee
Conducted Integrated Governance Guidelines
Implemented an integrated governance and risk management in accordance with applicable
regulations

DANAMONS GOOD CORPORATE Corporate Governance and Integrated Risk

GOVERNANCE FOCUS IN 2014 Management
2014 was a year full of challenges in banking. Implementation of corporate governance
Danamon is required to manage challengges and risk management of Danamon and its
and grow by carrying out its growth a subsidiaries is integrated and in general is
healthy banking business, strong capital and implemented through aligning the policies of
risk management, and operate based on subsidiaries against the implementation of
implementing consistent GCG principles. corporate governance and risk management
at Danamon toward implementing processes
Vision, Mission and Danamons Core Values as a consolidated group. Danamon regularly
Danamons strategic initiatives are conducted monitors and report the implementation of
based on the vision, mission and core values corporate governance, risk management and
of the Bank which are evaluated and reviewed financial management consolidated manner
periodically. Vision and Mission of Danamon, between Danamon and its subsidiaries,
We care and enable millions to prosper and including the implementation of audit and
be Leading Financial Institution in Indonesia compliance functions by the Internal Audit and
is Danamons commitment to continue Compliance Unit.
developing quality banking services serving
all segments and supported by excellence in In accordance with the issuance of the Financial
service and technology. Danamons strategic Services Authority (OJK) Regulation at the end
measures and business plan are structured of 2014 regarding the Implementation of an
as such to be used as reference in meeting Integrated Corporate Governance for Financial
objectives in line with the vision, mission and Conglomeration as well as Integrated Risk
Danamons core values. Management for Financial Conglomeration,
adjustments to the integrated structure and
ASEAN CG Scorecard and FSA Roadmap infrastructure were required which among
In order to continue the improvement process others include, membership and committee
of implementing GCG, Danamon aligned its assignments, integrated policy and intra-group
standard of corporate governance practices transactions policy.
in line with the ASEAN CG Scorecard and
FSA roadmap. The improvements made Increase of Transparency Aspects
during year 2014, among others related to In an effort to increase the aspect of
the mechanism around the announcement of transparency, Improvements were made in
GMS, closed voting, adding of an Independent the disclosure of implementation on the GMS
Commissioner to the composition of the regarding the announcement and invitation of
committee of the Board of Commissioners, the GMS, detailed information related to the
improving Working Charter of the Board of agenda of the GMS including explanation of
Commissioners and Committees of the Board each agenda, the disclosure of BOC/Directors
of Commissioners, separating Nomination and candidates profiles, the implementation of
remuneration committee, as well as enhancing closed voting, as well as improvements in
remedial policies Affiliated Parties. transparency of information on Danamons
website (www.danamon.co.id).

Improvement Consumer Protection AML Champion and Implementation of

In accordance with Danamons commitment FATCA
to continue creating a reliable system As part of implementing the Anti-Money
of consumer protection and to increase Laundering (AML) and Combating the Financing
consumer empowerment, Danamon has of Terrorism (PPT), Danamon has appointed
completed the enhancement of policies, AML Champion to ensure implementation of
procedures, documents and infrastructure APU and PPT programs at the branch offices
related to customer service. The enhancement where the business complexity is considered
supports consumer protection by promoting high.
the principles of consumer protection; namely,
transparency on products and services, fair In relation to the implementation of the Foreign
treatment and non-discrimination, reliable Account Tax Compliance Act (FATCA), Danamon
systems and human resources, security and has carried out the registration of FATCA,
confidentiality of customer data and services secured Global Intermediary Identification
and settlement of complaints and disputes. Number (GIIN) number, implemented the
identification process and due diligences of
Financial Literacy individual customers identified as US (United
As a commitment to support the national State) indicia. At the same time, the process
strategy on financial literacy aimed to equip was also implemented on non-individual
society with sufficient understanding of finance, customers expected to be completed in 2015.
Danamon through its business units embed
financial literacy activities with meeting existing Improving Risk Management
as well as prospective customers on a routine Strengthening credit risk management was
bassis allocating time and providing education part of the strategy of Danamon in minimizing
materials to the customers at each meeting. potential losses from credit risk. In order to
During 2014, the number of participants in strengthen the management of credit risk,
sessions related to education on financial during the year 2014, revalidation of risk rating
literacy reached over 350.107 consisting of models had been done for corporate credit
housewives, micro-entrepreneurs and SMEs, and commercial customers as the basis for
student/university student, novice workers, determining the Obligor Rate and Credit Risk
young couples and communities in the markets Pricing. In addition, the risk rating models were
throughout Indonesia. In addition, Danamon prepared for when the Bank would apply the
also provides educational information through model Internal Ratings Based Approach (IRB)
Danamons web site and social media account. in calculating the risk weight of credit assets.
In preparation for implementing Basel II/III,

Danamon actively participated in performing
credit risk stress test bankwide along with the
other 14 banks who were also conducting the
test under the supervision of OJK.

In managing operational risk, Danamon 2. Accountability: Clear establishment of

transformed its appraoch of operational risk the functions, duties and powers and
management to be risk based. This approach responsibilities within the organization
was carried out through changes on the tools which has been set in accordance with
Risk Loss Event database, Risk Control Self the guidelines and work rules of each
Assessment (RCSA) and Key Risk Indicators function. Danamon as an institution can be
(KRI) for both Danamon and its subsidiaries. accountably responsible for its performance.
3. Responsibility: Danamon is committed
Sustainability to comply with laws and regulations and
2014 Danamons sustainability program, established internal policies. In addition,
conducted by Yayasan Danamon Peduli, Danamon also manifests its responsibility
remained focus on empowering the to society and the environment, to
communities surrounding the locations where achieve long-term sustainability and to be
the Bank operates through revitalization of recognized as a good corporate citizen.
traditional markets. In addition, the Bank 4. Independency: The organs of Danamon
continued its sustainability related actions perform its activities independently
combining its operational initiatives such as the and objectively, as well as to avoid the
effiecient use of electricity and paper. influence of any dominant party. Danamon
is committed to performing its businesses,
CORPORATE GOVERNANCE POLICY, with professionalism.
STRUCTURE AND IMPLEMENTATION 5. Fairness and equality: Danamon always
Danamon Governance Policy ensures the rights and interests of all
Danamon has prepared guidelines for GCG shareholders, both majority and minority,
since 2006 which has been the reference for can be fulfilled. Danamon also always
the implementation of GCG at all levels of provide fair and equal treatment to all
the organization in Danamon. Danamon GCG stakeholders.
guidelines are prepared in accordance with
following principles:
1. Transparency: Commitment to provide

adequate, clear, accurate and timely
information disclosure as well as easily
comparable and accessible to shareholders
and stakeholders.

Danamons Corporate Governance Structure

Danamons corporate governance structure is built to ensure the implementation of corporate
governance in Danamon is applied systematically, organs in the corporate governance structure
have clear roles and responsibilities in order to support the implementation of the principles of good
governance.
DANAMON GOVERNANCE STRUCTURE
AGMS
Board of Check & Balances

Board of Directors
Commissioners
Audit Committee SKAI
Human Resources
Risk Monitoring Committee
Committee
Risk Management
Nomination Committee
Committee
Assets & Liabilities
Remuneration Committee
Committee
Corporate Governance Steering Committee
Committee
Fraud Committee
Compliance Committee
Capital Management
Committee
Operational Risk
Management Committee
Internal Danamon Risk Legal & Corporate Investor

Control Access Management Compliance Secretary CSR UKPN Relations &
Center FAT

Corporate Governance Implementation

Danamons Corporate Governance is integrated with 3 (three) aspects of Corporate governance,
namely structure, process and outcome ensuring adequate governance structures and
infrastructure, the effectiveness of the implementation process and the outcome quality which meet
the expectations of stakeholders.
Governance Structure Governance Process Governance Outcome
Adequacy of number, Sufficient implementation Positive Danamons

composition, criteria, and of functions, tasks, and performance which covers the
independence structure of responsibilities of Danamon profitability, efficiency, and
the Board of Commissioners, organs thus enable the capital.
Board of Directors, and optimization of supervision and Bank activities are free from the
Danamon committees control functions. intervention of the owner and
in accordance with the Replacement and appointment other relevant parties which
regulation of Bank Indonesia. process for the Board of may lead to the conflict of
In addition to the mandatory Commissioners, Board of interest.
formation of committees in Directors, and Committee. Transparency of Danamons
accordance to the regulation Improving the competencies of GCG, financial and non-
requirements, Danamon the Board of Commissioners financial conditions supported
maintains Corporate and Board of Directors through by informative website of
Governance Committee, on going education and training. Danamon and ease of access by
Compliance Committee, Disclosure of affiliate stakeholders.
Operation Risk Management transactions, conflict of Sufficient level of compliances
Committee, and Capital interests by the Board of and risk management as well as
Management Committee Directors, and Board of follow-up of audit results.
which are part of Danamon Commissioners through a Letter Business plan of the Bank
GCG structure enhancement. of Declaration. which indicates sustainable
Adequacy of primary Provision of funds to the growth of the Bank and provide
tasks, responsibilities, and relevant parties and provision economic and non-economic
functions of Danamon of significant amount of funds benefits for the stakeholders.
organs and set forth in carried out through a process
the Policies, Guidance, of credit approval in normal
Code of Conduct. and arms length methods.
Policies, procedures, and Proper implementation of risk
management information management so that potential
system of Danamon are risks may be well-managed.
already in place and support Keep the financial and non-
the operational activities of financial information, bank
Danamon. products, comprehensive,
Framework of risk accurate, and proportional
management, sufficient customers complaints.
internal control, sufficient Compilation of strategic and
compliance functions, and business plans performed
internal audit functions realistically, comprehensively,
and assignment of external and measurably which has
audits which meet the been approved by the Board
requirements; of Commissionersand
Availability of policies on the communicated to the
provision of fund supplies to shareholders and various levels
relevant parties/ provision of within the organizations.
significant amount of funds,
conflict of interests, and
transparency aspects.
Strategic and business
plans which is in line with
the vision and mission of
Danamon

DANAMONS CORPORATE GOVERNANCE IMPLEMENTATION REPORT

The preparation of Danamons Governance report is part of the responsibility and transparency in
the application of corporate governance principles by Danamon during 2014. The preparation of this
report has covered all the implementation aspects of corporate governance with reference to the
provisions of Bank of Indonesia, the Financial Services Authority (OJK), the ASEAN CG Scorecard
and universally applicable corporate governance Best Practices.
SHAREHOLDERS
Shareholders are persons or legal entities whose names are recorded as shareholders in Danamons
register of shareholders. Shares of Danamon are shares in names, consisting of series A and
series B. The number of series A shares issued is 22,400,000 and the number of series B shares is
9,562,243,365 with a total number of shares is 9,584,643,365.
Rights and Obligations of Shareholders

Series A as well as Series B shareholders have equal rights and obligations and the shares are not
differentiated into preference or ordinary shares. The rights and obligations are stipulated in detail in
Danamons Articles of Association which can be accessed through the web site of Danamon (www.
danamon.co.id).
Danamons Shareholder Structure

Shareholders of Danamon as of December 31, 2014 are as disclosed in the structure as follows:
Shareholder Structure
Temasek Holdings (Private) Limited
100%
100%
100%
Templeton: JPMCB-Franklin
ASIA FINANCIAL (INDONESIA) PTE LTD Public
Templeton Investment Funds
6,79% 67,37% 25,84%

(650.279.488 shares) Series B (6.457.558.472 shares) Series B (22.400.000 shares) Series A
(2.454.405.405 shares) Series B

Composition of Shareholders per December 31, 2014

Name Persentase Shares
Asia Financial (Indonesia) Pte, Ltd. 67,37% 6.457.558.472
JPMCB-Franklin Templeton Investment Funds 6,79% 650.279.488
Saham Seri A: 0,23% 25,84% 2.476.805.405
22.400.000
Publik
Saham Seri B: 25,61%
2.454.405.405
Total 100% 9.584.643.365
Controlling and Majority Shareholders Information

Danamons Majority Shareholder is Asia Financial (Indonesia) Pte Ltd (AFI). AFI is a legal entity
based in Singapore, established on 10 November 1990 as ENV Corporation (Pte) Ltd and engaged
in the investment holding business.
The ultimate controlling Shareholder of Danamon is Temasek Holdings Private Limited (Temasek),
through Fullerton Management Private Limited dan Fullerton Financial Holdings Private Limited.
Temasek is an investment company based in Singapore, owned by the Finance Ministry of Singapore.
Information on shareholdings above 5% as of 31 December 2014

Nominal per
Shareholders Total Shares % Nominal value (Rp)
Shares (Rp)
Asia Financial (Indonesia) Pte. Ltd. 6.457.558.472 67,37 500 3.228.779.236.000
JPMCB-Franklin Templeton 650.279.488 6,79 500 325.139.744.000
Investment Funds
20 Largest Shareholders as of 31 December 2014

No. Investor Name Ownership %
1 Asia Financial (Indonesia) Pte. Ltd 6.457.558.472 67,37%
2 JPMCB-Franklin Templeton Investment Funds 650.279.488 6,79%
3 Citibank Singapore S/A CBSG-Aranda Inv Pte Ltd 392.822.398 4,10%
4 JPMCB-Stichting Depositary APG EME MRKT EQ Pool 135.842.700 1,42%
5 JPMCB-Templeton Emerging Market Investment Trust Plc 134.932.433 1,41%
6 Singapex Investment Pte Ltd 130.414.740 1,36%
7 PT Guna Dharma 95.846.434 1,00%
8 BBH Boston S/A Vangrd EMG MKTS STK INFD 60.919.524 0,64%
9 GIC S/A Government Of Singapore 54.708.218 0,57%
10 BNYM SA/NV AS Cust Of Employees Provident Fund 51.656.546 0,54%
11 Citibank New York S/A Dimensional Emerging Markets Value 36.234.654 0,38%
Fund
12 SSB OBIH S/A Ishares MSCI Emerging Markets ETF 33.193.916 0,35%
13 SSB HJT3 S/A HKJC Equity Trust Fund 32.446.000 0,34%
14 JPMCB-PFA KAPITALFORENING 26.808.900 0,28%
15 RBC IST S/A Canada Post Corporation Pension Plan 26.304.085 0,27%

20 Largest Shareholders as of 31 December 2014

No. Investor Name Ownership %
16 SSB 1BA9 ACF MSCI Equity Index Fund B-Indonesia 25.461.489 0,27%
17 Reksa Dana Schroder Dana Prestasi Dinamis 23.527.000 0,25%
18 Reksa Dana Kharisma Flexi Terbatas 3 22.619.000 0,24%
19 JPMCB-Templeton Asian Growth Fund 22.214.100 0,23%
20 Interventures Capital Pte. Ltd. 21.688.300 0,23%
GENERAL MEETING OF SHAREHOLDERS (GMS)

General Meeting of Shareholders (GMS) has the exclusive authority which is not owned by the
Board of Commissioners and Board of Directors. In GMS, the shareholders may exercise their rights
and vote in accordance with the Articles of Association. Shareholders are also authorized to appoint
and dismiss members of the Board of Commissioners and Directors, approve the amendment to the
articles of Association, approve the Annual Report, appoint external auditor, as well as determining
the amount of compensation/remuneration for the Board of Commissioners and Directors.
Annual General Meeting of Shareholders (Annual GMS) 2014

The Annual GMS
Annual General Meeting of Danamon was held on May 7, 2014 at JW Marriot Hotel, South Jakarta.
Annual GMS was done in a location easily accessible by the shareholders and at the domicile/
Head Office of the Bank. The materials and agenda of the Annual General Meeting including the
explanation and rationales of each agenda including the profilesod Board of Directorsand Board of
Commissionerscandidates were disclosed on Danamons web site on 15 April 2014 at the same
time as the date of the invitation notice of Annual GMS. Copy and physical documents of the
material and agenda of the Annual GMS were available at Danamons Office.
Announcement of the Annual General Meeting plan was submitted on 28 March 2014, or 16 days
before the GMS invitation without counting the date of announcement and date of invitation. GMS
invitation was submitted on 15 April 2014, or 21 days before the date of the GMS without counting
date of invitation and the GMS date. Announcement and invitation for the GMS were conducted
through 3 (three) newspaper media both Indonesian and English as well as Stock Exchanges web
site and Danamons web site.
GMS Announcement details the invitation date and the date of the GMS, and the criteria of the
shareholders entitled to attend the meeting and propose agenda. The invitation of GMS contains the
date, place, time, the criteria of shareholders entitled to attend and the agenda of the GMS. This is
done as part of Danamons efforts to fulfill the rights of shareholders in obtaining information related
to the GMS as early as possible.
The Annual GMS was opened by Ng Kee Choe, President Commissioner, and further led by J.B.
Kristiadi, Vice President Commissioner of Danamon, in accordance with Article 23, Clause 1 of
Danamons Articles of Association and Circular Resolutions of the Board of Commissioners, in lieu
of the Decree of a Meeting of the Board of Commissioners of PT Bank Danamon Indonesia, Tbk.
No.KSR-Kom.Corp.Sec.004 dated March 4, 2014.

Notices, Announcements, Invitations and Submission Results of Annual GMS

GMS Results
Notification to GMS Plan
Listing Date Invitation Submission to
Regulators Announcement Publications
Regulators
Notice Letter Announced 14 April Bisnis Reporting Bisnis
to: Otoritas at surat 2014 Indonesia, Letter to the Indonesia,
the Financial kabar Bisnis Media Financial Media
Service Indonesia, Indonesia dan Service Indonesia,
Authority and Media Jakarta Post Authority and Jakarta
Indonesia Indonesia, newspaper and Bank Post
Stock dan Jakarta dated April, Indonesia newspaper
Exchange Post dated 28 15 2014 dated 09 May dated 03
(through March 2014 E-Reporting 2014 May 2014
E-Reporting) E-Reporting of Indonesia To Indonesia Website:
dated 20 Indonesia Stock Stock Stock www.
March 2014 Exchange Exchange Exchange danamon.
dated Maret, dated 15 April (through co.id
28 2014 2014 E-Reporting)
Websi,te: www. website: www. dated 09 May
danamon.co.id danamon.co.id 2014
Attendance of Shareholders, Board of Annual GMS Vote and Vote Count Mechanism
Commissioners, Board of Directors, Audit Decision-making mechanisms and procedures
Committee and Syariah Supervisory Board for voting and vote counting were arranged in
Shareholders entitled to attend are the the order of the Annual GMS and disclosed in
shareholders recorded in the Register of Danamons web site and read by the chairman
Danamons Shareholders by 14 April 2014, of the meeting at the beginning of Annual GMS.
namely 1 (one) working day prior to the date Each Shareholder or Shareholders proxies
of the GMS invitation. Annual General Meeting have the right to ask questions and/or submit
was attended by shareholders or their proxies opinions to the meeting leaders before voting
representing 8.702.145.895 shares or 90.79% for each agenda.
of 9.584.643.365 shares issued and paid by the
shareholders. More than 50% or of the total In calculating the vote, one share entitled
shares were present and met the requirements the holder to 1 (one) vote. If one shareholder
of the Annual GMS quorum. had more than 1 (one) share, he/she was
asked to vote 1 (one) time only and that vote
The Annual GMS was attended by all members represented the total number of his/her shares.
of the Board of Commissioners, the Syariah At the Annual GMS of Danamon, P. Soetrisno
Supervisory Board, the Board of Directors and A. Tampubolon, SH, M.Kn as a Notary Public
Audit Committee members. In addition, the and PT Raya Saham Registra as the Registrar
Annual General Meeting was also attended by were appointed for calculating the quorum and
a Notary, representatives of the Administrative votes.
Bureau of Securities and Public Accountant.

DECISIONS AND RESULTS OF AGM OF 2014

AGM of 2014 made decisions on the five (5) agenda items proposed through voting mechanism,
wherein all decisions made in the meeting had been implemented in 2014 as outlined in table below:
Agenda, Decision, Vote Count and Actual Results of Annual General Meeting
Resolution
First Agenda
Total Agree Votes: 8,696,335,084 shares or 99.933%
Total No Votes: 5,810,811 share or 0.067%
1. To approve the Annual Report of the Company for the year ended December 31, 2013;
2. To ratify the Financial Statements of the year ended December 31, 2013 which was audited by the Public
Accountants Office of Purwantono, Suherman dan Surja, a member of the Ernst & Young Global Limited as
stipulated in the Independent Auditors Report of February 5, 2014 Number RPC-4764/PSS/2014, with an
unqualified opinion;
3. To ratify the annual Supervisory Report of the Board of Commissioners of the Company for the year ended
December 31, 2013, and
4. To acquit and discharge (volledig acquit en decharge) the Board of Directors and the Board of Commissioners
of the Company for their management and supervision in the year ended December 31, 2013, provided that
the management and supervision are reflected in the Companys Annual Report for the year ended December
31, 2013.
Second Agenda
Total Agree Votes: 8,701,793,911 shares 99.996%
Total No Votes: 351,984 shares or 0.004%
To approve the appropriation of the Companys net profit for the year ended December 31, 2013 in total amount
of IDR 4,041,684,000,000 detailed as follows:
1. 1% of the net profit or IDR 40,416,840,000 to be set aside for the reserve fund to comply with Article 70 of
Law Number 40 of 2008 on Limited Liability Companies;
2. 30% of the net profit or approximately in total amount of IDR 1,212,505,200,000 or IDR 126.50 per share, with
the assumption that total issued shares of the Company at the Recording Date is not more than 9,584,643,365
shares, to be distributed as dividend for the year 2013, with the following provisions:
a. The dividend shall be paid to the shareholders whose names are registered in the Shareholders Registry
on a date to be stipulated by the Board of Directors of the Company (further referred to as the Recording
Date);
b. The Board of Directors will deduct dividend tax for the year 2013 in accordance with the prevailing tax
regulations to the shareholders
c. The Board of Directors is hereby authorized and empowered to stipulate all matters regarding or relating to
the implementation of dividend payment for the year 2013, including (however without limitation) to:
(1) determine the Recording Date for the shareholders of the Company who are entitled to receive dividend
payment for the year 2013; and
(2) determine the date of implementing payment of dividend for the year 2013, taking into consideration
and without prejudice to the regulations of the Stock Exchange where the shares of the Company are
listed;
3. The remaining amount of the Net Profit which is not determined shall be posted as retained earning of the
Company.
Third Agenda
Total Agree Votes:8,603,299,515 shares or 98.864%
Total No Votes: 1,307,974 shares or 0.015%
To appoint Purwantono, Suherman and Surja, a member of Ernst & Young Global Limited, as a public
accountant office that listed in the Indonesia Financial Services Authority to audit the Companys financial
statement for the Year 2014, in accordance with the Recommendation Memo of Audit Committee No.B.01-KA
dated March 24, 2014.

Voting Counts Table

Realization
Abstain Against Agree
6.308.800 naught 8.690.026.284 Has been realized
shares or 0,072% shares
or 99,861%
4.600.800 naught 8.697.193.111 Reserve fund for financial year 2013 has been
shares or 0,053% shares booked.
or 99,943%
The distribution of dividends for the fiscal year
2013 has been carried out on 18 June 2014,
based on the Companys announcement via IDX
E-Reporting dated 8 May 2014 and published
in Media Indonesia, Bisnis Indonesia and the
Jakarta Post on 8 May 2014, and the Listing Date
(Recording date) on 4 June 2014.
Retain earnings for financial year 2013 has been

booked.
6.307.571 97.538.406 8.596.991.944 Based on the Audit Committee Memo

shares or 0,072% shares or 1,121% shares or 98,792% Recommendation No.B.001.-KA dated 24 March
2014, the Board of Commissioners agreed
to appoint a Public Accountant Firm (KAP)
Purwantono, Suherman & Surja (a member
of Ernst & Young Global Limited) as a public
accounting firm that will examine/audit the books
and records of the Company for the 2104 fiscal
year.

Resolution
Fourth Agenda
1. a. To accept the resignation of Ali Rukmijah (Ali Yong) as a Director of the Company effectively since March, 7
2014, with the expression of thanks for the services given by him during his tenure;
b. To approve to not reappoint Milan Robert Shuster, Harry Arief Soepardi Sukadis and Benedictus Raksaka
Mahi respectively as commissioners of the Company due to the expiration of their tenureeffectively since
the adjournment of this Meeting, with the expression of thanks for the services given by them during their
tenure;
c. To approve to re-appoint all members of Board of Directors and several member of Board of
Commissioners effectively since the adjournment of this Meeting; and
d. To approve the appointments of:
1) Laoh Andriaan as Commissioner (Independent) of the Company; and
2) Made Sukada as Commissioner (Independent) of the Company;
Effectively since they/he passes the Fit and Proper Test of OJK.
Therefore, the composition of the Board of Directors and the Board of Commissioners are as follows:
BOARD OF DIRECTORS
President Director : Ho Hon Cheon
Director : Muliadi Rahardja
Director : Vera Eve Lim
Director : Herry Hykmanto
Director : Kanchan Keshav Nijasure
Director (Independent) : Fransiska Oei Lan Siem
Director : Pradip Chhadva
Director : Michellina Laksmi Triwardhanny
Director : Satinder Pal Singh Ahluwalia
Director : Khoe Minhari Handikusuma
BOARD OF COMMISSIONERS
President Commissioner : Ng Kee Choe
Vice President Commissioner
(Independent) : Prof. Dr. J.B. Kristiadi
Commissioner : Gan Chee Yen
Komisaris (Independent) : Manggi Taruna Habir
Commissioner : Ernest Wong Yuen Weng
Commissioner (Independent) : Laoh Andriaan *
Commissioner (Independent) : Made Sukada*
Effective since the adjournment of this Meeting, with the exception of Laoh Andriaan and Made Sukada where
upon will be effective on the date they/he passes the Fit and Proper Test of OJK, with the tenure ended at the
adjournment of the third Annual General Meeting of the Shareholders for the Year ended at December 31,
2016, which will be convened at the latest in June 2017, without prejudice to the right of Annual General
Meeting of Shareholder to dismiss him (them) at any time.

Voting Counts Table

Realization
24.361.746 567.921.802 8.108.335.766 Has been realized
shares or 0,280% shares shares
6,526% 93,176%

Resolution
2. To approve the reappointment of all members of Syariah Supervisory Board as follows:
SYARIAH SUPERVISORY BOARD

Chairman : Prof. DR. HM Din Syamsuddin
Member : Drs. H.Karnaen A
Perwataatmadja, MPA, FIIS;
Member : Dr. Hasanudin M. Ag.
Effective since the adjournment of this Meeting, with the tenure ended at the adjournment of the third Annual
General Meeting of the Shareholders for the Year ended at December 31, 2016, which will be convened at the
latest in June 2017, without prejudice to the right of Annual General Meeting of Shareholder to dismiss him
(them) at any time, and
3. To authorize the Board of Directors of the Company to sign any deeds which are required in connection with
the resolutions of this Meeting and to submit a notice regarding the data changes to the Ministry of Law and
Human Rights of Republic of Indonesia in order to obtain Receipt of notice on Companys data changes from
the Ministry of Law and Human Rights of Republik of Indonesia.
Fifth Agenda
1. a. approve the payment of tantieme/bonus which will be distributed to the member of the Board of
Commissioners of the Company for the year 2013 totally in the amount of IDR 13,977,700,000 gross;
b. approve the total amount of the remuneration and other allowances for members of the Board of
Commissioners of the Company for the year 2014 to be estimated at IDR 14,585,290,882 gross;
c. approve the delegation of authority to the President Commissioner of the Company to determine
portion of tantieme/bonus for the year 2013 and the remuneration/honorarium and any other allowance
for the year 2014, for each member of the Board of Commissioners of the Company, based on the
recommendation of Remuneration Committee No.B.02-KR dated April 30, 2014, and
2. a. approve the payment of tantieme which will be distributed to the member of the Syariah Supervisory Board
of the Company for the year 2013 totally in the amount of IDR 68,630,000 gross;
b. approve the total amount of the remuneration and other allowances for members of the Sharia
Supervisory Board of the Company for the year 2014 to be estimated at IDR 671,488,006 gross;
c. approve the delegation of authority to the Board of Commissionersof the Company to determine portion
of tantieme/bonus for the year 2013 and the remuneration/honorarium and any other allowance for the
year 2014, for each member of the Syariah Supervisory of the Company, based on the recommendation of
Remuneration Committee No.B.03-KR dated April 30, 2014, and.
3 a. approve the payment of tantieme which will be distributed to the member of the Board of Directors of the
Company for the year 2013 totally in the amount of IDR 52,733,150,000 gross;
b. approve the total amount of the remuneration and other allowances for members of the Board of
Directors of the Company for the year 2014 to be estimated at IDR 44,864,444,937 gross;
c. To approve the implementation of Special Grants (SG) and Long Term Incentive Plan (LTI) for members
of the Board of Directors and Senior Employees, and to determine the total allocation of SG and LTI funds
up to a maximum of IDR 404,809,767,150 gross and
d. approve the delegation of authority to the Board of Commissionersof the Company to:
(i) determine portion of tantieme/bonus for the year 2013 and the remuneration/honorarium and any
other allowance for the year 2014, for each member of the Board of Directors of the Company, based
on the recommendation of Remuneration Committee No.B.01-KR dated April 30, 2014, and
(ii) Determine methode and procedure of LTI and SG distributions, as well as portion of for each member
of the Board of Directors of the Company, based on the recommendation of Remuneration Committee.

Voting Counts Table

Realization
8.632.535 shares or 742.406 shares or 8.686.474.737 Has been realized

0,099% 0,009% shares or 99,820%

BOARD OF COMMISSIONERS c. The Board of Commissioners is prohibited

The Board of Commissioners of a company from taking advantage of the Bank for their
is responsible for the overall supervision and personal benefits and/or benefits of their
or specific supervision in accordance to the family, and/or other parties, that may lead
Articles of Association as well as advising the to a loss or reduced profits or reputation of
Board of Directors. The Board of Commissioners Danamon and the subsidiaries.
also ensures the implementation of Good d. Member of the Board of Commissioners
Corporate Governance in the Bank. The Board are prohibited from taking and/or receiving
of Commissioners carries out their duties and benefits personal in nature from the
responsibilies independently. Danamon, other than the remuneration and
other facilities set by the General Meeting of
The members of the Board of Commissioners are Shareholders.
appointed by the GMS in accordance with the e. Members of the Board of Commissioners
recommendations of Nomination Committee are prohibited from directly or indirectly
through the Board of Commissioners. Pursuant making incorrect statements about material
to Danamons Articles of Association, the facts or not disclosing material facts, so
appointment is effective from the date specified as to ensure the statements made are not
in the GMS and will end at the conclusion of misleading as to the state of Danamon at
the third GMS after the date of appointment. the time the statement was made.
The appointment of members of the Board
of Commissioners is effective upon OJKs Duties, Responsibilities and Authorities of
approval which is conditional on the passing of the Board of Commissioners
Fit and Proper test. Danamons Board of Commissioners
responsibilities and authorities are clearly
Board Charter of the Board of defined in the Companys Articles of
Commissioners Association, and have complied with prevailing
The charter of the Board of Commissioners laws and regulations.
details matters related to the organization,
duties and responsibilities, authority, Board of Commissioners Duties and
transparency, work ethics, establishment of Responsibilities
committees and meeting arrangements. The a. The Board of Commissioners shall be
charter is prepared based on the prevailing subject to the Danamons Code of Conduct,
regulations of Bank Indonesia and OJK, as well prevailing laws and regulations, and
as best practices, and reviewed periodically. Danamons internal policies.
b. Board of Commissioners shall carry out their
The Board of Commissioners Work Ethics duties and responsibilities independently.
a. The Board of Commissioners shall be In performing its duties, the Board shall
subject to the Banks Code of Conduct and provide sufficient time to carry out their
other prevailing banking regulations. duties and responsibilities optimally.
b. The majority of members of the Board of c. The Board of Commissioners shall ensure
Commissioners are prohibited from having the implementation of GCG in activities at
family relations up to the second degree with all levels of the Danamons businesses and
members of the Board of Commissioners corporate organizational hierarchy.
and/or members of the Board of Directors. d. The Board of Commissioners shall
supervise the performance of duties and
responsibilities of the Board of Directors, as
well as providing recommendations/advices
to the Board of Directors.
e. In conducting supervision, the Board of

m. The Board of Commissioners shall inform
Commissioners shall direct, monitor, and
Bank Indonesia/Financial Services Authority
evaluate the implementation of Danamons
at the latest 7 working days from the
strategic policies.
detection of:
f. The Board of Commissioners is prohibited
1) any violation of laws and regulations in
from decision making related to the Banks
finance and banking; and,
operational activities, except for the
2) a state or supposition of circumstances
following:
that could jeopardize the Banks
1) Provision of funds to related parties;
business.
and,
n. The Board of Commissioners shall
2) Other matters stipulated in the Banks
submit the Supervision Report on Banks
Articles of Association or prevailing laws
Business to Bank Indonesia/Financial
and regulations.
Services Authority and submit supervision
g. The Board of Commissioners shall re-
duties report to the General Meeting of
evaluate and approve the Vision and Mission
Shareholders.
of the Bank periodically.
o. The Board of Commissioners shall supervise
h. In order to support the effectiveness
and evaluate the Information Technology
of the implementation of the tasks and
Strategic Plan, including reviewing policies
responsibilities, the Board of Commissioners
and procedures of risk management in
establish at least:
regard to the Banks information technology,
1) Audit Committee
as proposed by the Board of Directors.
2) Risk Monitoring Committee
p. The Board of Commissioners shall prepare
3) Remuneration Committee
the charter of the Board of Commissioners,
4) Nomination Committee
review and update it periodically.
5) Corporate Governance Committee
q. The Board of Commissioners shall attend
i. Members of the Board of Commissioners
relevant training to continually enhance
agreed to sit as a member or as Chairman
compentency and skills.
of the above committees as recommended
by the Nomination Committee. The Board
The Duties and Responsibilities of President
of Commissioners shall ensure that the
Commissioner
above committees carried out their duties
a. Lead the Board of Commissioners in
effectively.
performing the duties of monitoring and
j. The Board of Commissioners shall ensure
assurance.
that the Board of Directors has followed
b. Lead the Board of Commissioners meeting
up audit findings and recommendations
and determine the urgency in meeting
from Danamons Internal Audit Unit,
invitation if the meeting of the Board of
external auditor, supervisory results of Bank
Commissioners is to be held in less than 5
Indonesia/Financial Services Authority and/
(five) days.
or the results of other regulators.
c. To receive authorization from the General
k. The Board of Commissioners shall
Meeting of Shareholders to distribute tantieme
make recommendations regarding
to members of the Board of Commissioners.
improvements or suggestions submitted
d. As the Chairman of the Meeting, the President
by the Audit Committee and submit such
Commissioner signs the Minutes of Meeting.
recommendations to the Board of Directors.
e. Receive reports from the Committees of the
l. The Board of Commissioners shall keep
Board of Commissioners.
confidential all Danamons documents,
data, and information.

f. To invite other members of the Board h. In the event all members of the Board of
of Commissioners to attend Board of Directors are temporarily dismissed or due to
Commissioners meeting. any reason there is no member of the Board
of Directors managing the office, the Board
Authorities of Board of Commissioners of Commissioners will manage Danamon
In undertaking its supervisory functions, the temporarily and act on behalf of Danamon.
Board of Commissioners holds the following The Board of Commissioners has the right
authorities: to appoint one or more members to carry
a. The Board of Commissioners is authorized out this authority on behalf of the Board
to access the documents, data, and of Commissioners, by following prevailing
information about employees, funds, laws and regulations;
assets, and Danamons resources. i. The Board of Commissioners has the
b. In carrying out its duties and responsibilities, authority to set limitations on management
the Board of Commissioners is authorized by the Board of Directors;
to communicate directly with employees, j. The Board of Commissioners will provide
Directors and other parties. prior approval to the Board of Directors or
c. If necessary the Board of Commissioners sign related documents for one or more
has the authority to engage independent actions/activities from time to time, without
parties other than members of the Board limiting the provisions of the prevailing laws
of Commissioners to assist in carrying out and regulations regarding the following
their duties. Board ofDirectors activities:
d. The Board of Commissioners is authorized 1) Lending monies or providing credit
to carry out the other authorities granted by facilities or other banking facilities that
the Articles of Association of Danamon and represent or result in borrowing money:
prevailing laws and regulations. i. To related parties as stipulated in
e. Conducting supervision of the management BankIndonesia regulations regarding
policy, management in general, in relation to LendingLimit of Commercial banks,
Danamon as well as Danamons businesses or
and to advise the Board of Directors; ii. Exceeding the amount that from time
f. Based on the Board of Commissioners to time will be determined by the
meeting, the Board of Commissioners Board of Commissioners, or
may temporarily dismiss a member of the 2) Binding Danamon as a guarantor or
Board of Directors from his/her position by debt underwriter (borgtocht), or in any
stating the reasons therefore, as stipulated other way encumbering it with payment
in prevailing laws and regulations; obligations of another party:
g. Conduct a GMS at the latest 45 (forty- i. As related parties as stipulated in the
five) days after the temporary dismissal Bank Indonesia regulation regarding
of the member of the Board of Directors, Lending Limits of Commercial banks,
considering the announcement and or
invitation period, as defined in the prevailing
laws and regulations and Danamons
Articles of Association;

ii. Exceeding the amount that from time Policy on Diversity in the Board of
to time will be determined by the Commissioners composition
Board of Commissioners, or; The composition of the Board of Commissioners
3) Establishing a new entity, to form or is set considering the Banks requirements and
increase ownership (except for the complexities. The composition of the Board
increase in ownership related to the of Commissioners is made on the basis of
issuance of stock dividends or bonus members banking knowledge, expertise,
shares, or related to loan restructuring professional experiences, background in order
efforts), or reducing ownership in other to support the effectiveness in carrying out the
entities, without prejudice to the approval duties of the Board of Commissioners. Danamon
of the authority; provides equal opportunity to all, hence the
4) Borrowing monies from another party nomination of the Board of Commissioners
(not included in Article 3, clause 2 (a) candidates are assessed and evaluated without
Danamons Articles of Association) or regard to gender, racial, religion as well as the
receiving a credit facility or other banking initial source of recommendation.
facilities which result in lending money
that exceeds the amount determined Total, Composition, Criteria, Independence
from time to time bythe Board of and Concurrent Position of the Board of
Commissioners to the other party; Commissioners Members
5) Writing-off or charging off the Banks Total, Composition, and Criteria of The
receivables that exceed the amount Board of Commissioners
determined from time to time by the As of 31 December 2014, members of
Board of Commissioners from the books; Danamons Board of Commissioners, including
6) Changing/passing down or releasing the President Commissioner, total 6 (enam)
Danamons rights to collect Bank persons, as follows:
receivables that were written off and 1. President Commissioner: Ng Kee Choe
that exceeded the amount determined 2. Vice President Commissioner/Independent
from time to time by the Board of Commissioner: J.B. Kristiadi
Commissioners; 3. Commissioner: Gan Chee Yen
7) Selling/changing or releasing the rights, 4. Independent Commissioner: Manggi T.
or collateralizing/offering, the Banks Habir
property, either in a single transaction 5. Commissioner: Ernest Wong Yuen Weng
or in multiple transactions that stand 6. Commissioner: Made Sukada
alone or are related to one another,
Note:
in an amount which is from time to
Andriaan Laoh submitted his resignation from the
time determined by the Board of nomination as an Independent Commissioner on 13
Commissioners (without prejudice to August 2014.
the regulations in Danamons Articles of

Association). The total does not exceed the total number of
Board of Directors of 9 (nine) members, and is
in compliance with Bank Indonesia regulations
Financial Services Authority. 3 (three) or 50%
(fifty percent) of the 6 (six) members of the
Board of Commissioners are independent
namely, J.B. Kristiadi, Manggi T. Habir, and

Made Sukada. A total of 3 (three) members, or 50% (fifty percent) of the members of Danamons the
Board of Commissioners are Indonesia citizens and domiciled in Indonesia.
Data/Information on the Appointment of the Board of Commissioners Member

Effective Date
Appoinment
Name Position MS Date (BI/FSA Appointment Domicie
Period
Approval)
Ng Kee President 22 May 2006 24 May 2006 2006 2008 4x Singapore
Choe Commissioner 2008 2011
2011 2014
2014 2017
J.B. Vice President 9 May 2005 5 December 2005 2005 2008 4x Indonesia
Kristiadi Commissioner 2008 2011
(Independent) 2011 2014
2014 2017
Gan Chee Commissioner 16 June 2003 21 October 2003 2003 2005 5x Singapore
Yen 2005 2008
2008 2011
2011 2014
2014 2017
Manggi T. Commissioner 9 May 2005 22 July 2005 2005 2008 4x Indonesia
Habir (Independent) 2008 2011
2011 2014
2014 2017
Ernest Commissioner 29 April 2010 14 September 2010 2010 2011 3x Singapore
Wong Yuen 2011 2014
Weng 2014 2017
Made Commissioner 7 May 2014 8 August 2014 2014 2017 1x Indonesia
Sukada (Independent)
The reappointments of J.B. Kristiadi as Vice President Commissioner/Independent Commissioner

and of Manggi T. Habir as Independent Commissioner of Danamon in 2014 Annual General
Shareholders Meeting are not in conflict with Decision of Board of Directors of Indonesia Stock
Exchange no. KEP-00001/BEI/01-2014 that regulates Independent Commissioner Term to a
maximum of 2 consecutive periods, since their reappointment during AGSM 2014.
J.B. Kristiadis reappointment as Deputy Commissioner/Independent Commissioner and Manggi

T. Habir as Independent Commissioner are required to provide continuity and ensure the process
of supervision is carried out orderly given that the other independent commissioners was newly
appointed at the GMS in 2014 and still required to undergo the fit and proper test by the FSA.
Independent Commissioners
Criteria for appointment of Independent Commissioner
a. Criteria of Independent Commisioner:
1) Member of the Board of Commissioners who does not have any financial, management, stock
ownership, and/or family relationships with other members of the Board of Commissioners,
the Board of Directors and/or controlling shareholders, or any relationship with Danamon
which may affect his/her ability to act independently;

2) Originates from outside of Danamon;

3) He/she is not a person who works or has the authority and responsibility for planning,
directing, controlling, supervising Danamons activities in the last 1 (one) year period;
4) Does not own, either directly or indirectly, Danamons shares;
5) Does not have, either directly or indirectly, business relations associated with Danamons
business activities.
b. The term of office is maximum up to 2 (two) times consecutively
c. Former member of the Board of Directors or executive officers of the Bank or parties who have
a relationship with Danamon, which could influence his/her ability to act independently, may not
be an Independent Commissioner of Danamon, before under going cooling off for 1 (one) year.
However, this provision does not apply to former Directors or executive officers whose job is
supervisory function for at least 1 (one) year.
d. If the Independent Commissioner position becomes vacant and resulted in violations of laws and
regulations in force, Danamon shall fill the vacancy at the latest next Annual General Meeting or
within six (6) months after the vacancy occurs.
Independency Declaration by Independent Commisioner

Each Independent Commissioner declares his/her independency through a Declaration Statement
on a periodic basis.
Danamons Independent
Commissioner
Requirements of Independent Commissioner
J.B. Manggi T. Made
Kristiadi Habir Sukada
Do not have a financial, management, ownership and/
or related to members of the Board of Commissioners,
Directors and/or controlling shareholders or the relationship
with Danamon, which could affect its ability to act
independently
Originating from outside the Bank
Not the people who work or have authority and
responsibility for planning, directing, controlling, or

supervise the activities of the Bank in the period of 1 (one)
year
Do not have a business relationship relating to the activities

of Danamon directly or indirectly
Independence of Board of Commissioners Members

All members of the Board of Commissioners who currently serve have no family relationship to the
second degree with members of the Board of Directors, as well as with controlling shareholders.
The majority of members of the Board of Commissioners do not have any financial relationships
with controlling shareholders and all Commissioners do not have financial relationship with other
Commissioners or other Directors.

Family and Financial Relationship of Board of Commissioners

Family Relation With Financial Relation With
Controlling Controlling
BOC BOC BOD BOC BOD
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Ng Kee Choe
President - - - - - -
Commissioner
J.B. Kristiadi
Vice President
- - - - - -
Commissioner
(Independent)
Gan Chee Yen
- - - - - -
Commissioner
Manggi T. Habir
Commissioner - - - - - -
(Independent)
Ernest Wong
Yuen Weng - - - - - -
Commissioner
Made Sukada
Independent - - - - - -
Commissioner
Board of Commissioners Members Concurrent Positions

In accordance with Bank Indonesia regulations, members of the Board of Commissioners are allowed
to have concurrent positions as members of the Board of Directors, or the Executive Officers at 1
(one) non-financial institution, or in order to carry out the supervisory function at one (1) non-bank
subsidiary controlled by Danamon.
Not included as holding concurrent position when non-independent members of the Board of
Commissioners conduct functional duties of legal entities shareholders in the group business,
and/or members of the Board of Commissioners holding positions in non-profit organizations or
institutions, as long as he/she does not neglect his/her duties and responsibilities as a member of
Danamons Board of Commissioners.
All Independent Commissioners have signed annual declaration stating that they do not hold any
concurrent position prohibited by regulations.
Members of the Board of Commissioners of the Bank do not have concurrent positions outside that
permitted by applicable regulations.

The following is a list of the Board of Commissioners positions, as of 31 December 2014:

Position in
Name Bank Position in Subsidiaries
Danamon
Ng Kee Choe President - Chairman, Nonexecutive AusNet Services.*) Singapore Power
Commissioner Group:
o (SP Australia Networks (Transmision) Ltd,
o SP Australia Networks (Distributon) Ltd,
o SP Australia Networks (Finance) Trust melalui SP Australia
Networks (RE) Ltd
- Board of Directors Fullerton Financial Holdings Pte Ltd.
- Chairman Capita Land Limited
- Member of International Advisory Council China Development
- Member of Temasek Advisory Panel Temasek Holdings (Private)
Ltd
- Chairman Tanah Merah Country Club
*) SP AusNet adalah dual listed company pada Australian Securities Exchange dan
Singapore Exchange Securities Trading Limited.
J.B. Kristiadi Vice President Anggota Dewan Komisaris PT Citra Tubindo

Commissioner
(Independent)
Gan Chee Yen Commissioner Board Member CEI Contract Manufacturing Limited
Board Member ST Asset Management Ltd
Board Member Broad Peak Investment Ltd
Board Member Fullerton Financial Holdings Pte Ltd
Board Member ACR Capital Holdings Pte Ltd
Chairman Fullerton Investment & Credit Guarantee Co Ltd
Chairman Fullerton India Credit Co Ltd
Board Member Dunia Finance LLC Dubai Outsource Zone
Chairman Fullerton Credit (Sichuan) Ltd
Chairman Fullerton Credit (Hubei) Ltd
Chairman Fullerton Credit (Chongqing) Ltd
Vice Chairman Cambodia Post Bank PLC
Board Member Clifford Capital Pte Ltd Marina Bay Financial
Manggi T. Habir Commissioner Komisaris Utama PT Asuransi Adira Dinamika
(Independent) Ketua Dewan Pengawas Yayasan Danamon Peduli
Ernest Wong Yuen Commissioner Board Trustee Nanyang Technological University
Weng Board Member Singapore Health Services Pte Ltd (SingHealth)
Chairman Fullerton Financial Holdings Pte Ltd
Board Member Singbridge Holdings Pte. Ltd.
Board Member Pavilion Capital Holdings Pte. Ltd
Chairman A. Menarini Asia-Pacific Holdings Pte Ltd
Made Sukada Commissioner -
(Independent)
Share Ownership of the Board of Commissioners Member

In accordance with the Personal Investment PolicyNo.Kep: DIR-CORP.SEC-014 dated 16 December
2013, members of the Board of Commissioners shall report any purchase or sale of securities to the
Corporate Secretary on at a minimum of 1 (one) business day prior to the transaction and within 1
(one) business day after the transaction is completed. Board of Commissioners Share ownership in
Danamon and other companies is declared on a periodic basis.

Independent Commissioners are not allowed to directly or indirectly own shares as defined in the
Danamons Board of Commissioners charter.
The following is the share ownership of the Board of Commissioners, with both direct and indirect
ownership:
Non Bank
Bank Other Other
Shareholders Financial Description
Danamon Bank Company
Institution
94, 275 - - - Percentage of
Ng Kee Choe Number of shares: 0.00%
President Ownership Type of shares:
Commissioner Shares shares of series B
J.B. Kristiadi - - - - -
Vice President
Commissioner
(Independent)
Gan Chee Yen - - - - -
Commissioner
Manggi T. Habir - - - - -
Commissioner
(Independent)
- - - Ewong Pte Ltd Corporate
Number of Domicile/Company
shares owned Domicile: Singapore
/Amount of Percentage of
Ernest Wong shares owned shares/Percentage
Yuen Weng 50,000 of ownership: 100%
Commissioner Noted/Registered
Under the name:
Ernest Wong Yuen
Weng & Wong
Paulina

Non Bank
Bank Other Other
Shareholders Financial Description
Danamon Bank Company
Institution
- PT Bank - - Percentage of shares:
Tabungan 0.0006% registered
Negara in the name of Made
Persero. Sukada
Amount
of shares
owned
62.500
- - - PT Ace Percentage of shares:
Hardware 0.0008% registered
Indonesia. in the name of Made
Amount of Sukada
shares owned
140.000
- - - PT Ciputra Percentage of shares:
Development. 0.0005% registered
Amount of in the name of Made
shares owned Sukada
75.000
- - - PT Ciputra Percentage of shares:
Property. 0.0001% registered
shares owned Sukada
70.000
Made Sukada - - - PT Waskita Percentage of shares:
Commissioner Karya. 0.001% registered
(Independent) Amount of in the name of Made
shares owned Sukada
100.000
- - - PT Sumarecon Percentage of shares:
Agung. 0.001% registered
shares owned Sukada
100.000
- - - PT Perusahaan Percentage of shares:
Gas Negara 0.00006% registered
Persero. in the name of Made
Amount of Sukada
shares owned
20.000
- - - PT Alam Percentage of shares:
Sutra Realty. 0.0005% registered
shares owned Sukada
100.000
- - - PT Agung Percentage of shares:
Podomoro 0.0007% registered
Land. Amount in the name of Made
of shares Sukada
owned
150.000

Board of Commissioners Meeting, frequency j. Decision of BoC meetings shall be recorded

and attendance in the minutes of the meeting and well
Meeting Policy documented.
a. Board of Commissioners meeting is held in k. Meeting minutes are kept and distributed to
accordance with Danamons needs and at a each member of the Board of Commissioners
minimum six (6) times in a year. and Secretary of the Company.
b. Members of the Board of Commissioners l. The Board of Commissioners may adopt
shall attend meetings of the Board of lawful and binding decisions without
Commissioners at least 75% of the total conducting BoC meetings on condition
board meetings in a year. that all the members of the Board of
c. The Board of Commissioners shall convene Commissioners approves the decision in
a minimum of two (2) meetings in a year and writing.
physically attended by all members. m. Meeting materials shall be distributed to the
d. If the members of the Board of participants of the meeting at least 5 (five)
Commissioners cannot physically attend a working days prior to the meeting.
meeting, they may participate in meetings n. Meeting invitation must be submitted to the
through tele or videoconferencing. The meeting participants at least 5 (five) working
minutes shall be signed by all participants days prior to the meeting.
who attend the meeting physically or by o. In a meeting of the Board of Commissioners,
participants who participate through tele or a member of The Board of Commissioners
videoconferencing supported by the record may be represented by another member of
evidence. the Board of Commissioners with a power
e. The Board of Commissioners meeting led of attorney.
by the President Commissioner with the p. Each member of the Board of Commissioners
level of attendance (quorum meeting) of at in any way, whether directly or indirectly,
least 75% of the members of the Board of having a personal interest or conflict in a
Commissioners. transaction, contract or a proposed contract
f. If the President Commissioner is in which the Bank is a party, shall declare
absent, a present member of the Board the interest in BoC meetings and shall not
of Commissioners at the meeting are be eligible to participate the vote on the
appointed to chair the meeting. transaction, contract or proposed contract
g. The decision is taken by the Board of mentioned above, unless the meeting of the
Commissioners on a consensus basis. Board of Commissioners decides otherwise.
h. In case, when the consensus is not
achieved, the decision must be determined Meeting Frequency of the Board of
by at least 2/3 (two thirds) of the members Commissioners
of the Board of Commissioners present or During 2014, the Board of Commissioners held
represented at the meeting. Decisions made 6 (six) meetings; namely, on 5 February 2014, 4
by 2/3 (two thirds) is based on the principle to 5 March 2014, 6 May 2014, 17 June 2014,
of one person one vote. 28 October 2014, and 27 November 2014. The
i. All decisions of the Board of Commissioners meeting was attended physically or through
are binding to all members of the Board of teleconferencing technology by members
Commissioners. Dissenting opinions which of the Board of Commissioners to meet the
occured in the meeting of the Board of requirements of meeting quorum.
Commissioners shall be clearly stated in the
minutes of the meeting together with the
reasons for such dissent.

The Meetings of the Board of Commissioners discussed the issues based on the agreed agenda
and were scheduled regularly. The decision-making was done with deliberation and consensus,
and there was no dissenting opinion. The implementation of the meetings, attendances, meeting
agendas and discussions had been distributed and well documented.
Meeting Attendance
Following is the meeting attendance of the Board of Commissioners during 2014:
Board of Commissioners/Joint Meeting with
Name Attendance Level
Board of Directors (6 meetings)
Ng Kee Choe 5 83%
J.B. Kristiadi 5 83%
Gan Chee Yen 6 100%
Manggi T. 6 100%
Habir
Ernest Wong 6 100%
Yuen Weng
Made Sukada 3 100%
Note:
- Made Sukada appointed by the Annual GMS on 7 May 2014 and passed the fit and proper test on 8th August 2014
- Ernest Wong Yuen Weng one teleconference on 17 June 2014
Board of Commissioners Meeting Agenda in 2014

No Date Agenda
1. 05 February 2014 1. 2013 Financial Results
2. Dividend payment ratio
3. Risk Appetite Statement
4. Agenda for AGMS
5. Report of Committees
2. 04 05 March 1. Project Dragonfly
2014 2. Project Pegasus
3. 06 May 2014 1. YTD Financial Performance
2. BoC Charter and Charter of the Committees
4. 17 June 2014 1. May 2014 Financial Results
2. Strategic Initiative Progress
5. 28 October 2014 1. YTD Financial Results
2. Strategic initiative progress Project Merdeka
3. Update HQ Building Project
6. 27 November 2014 1. YTD Financial Performance October 2014
2. Business plan 2015
3. Project merdeka update

Duties and Recommendation of The Board Performance Assessment Criteria of the

of Commissioners in 2014 Board of Commissioners
In implementing its duties and responsibilities, The following criterias served as the basis for
Board of Commissioners provide assessment:
recommendations which can be summarized 1. The effectiveness of the implementation of
as follow: monitoring and provision of advices to the
1) To increase productivity and efficiency Board of Directors related to the Banks
through several initiatives, among others, performances.
business transformation models, business 2. The contribution and support of The Board
synergies and centralization of operational of Commissioners for the implementation of
activities. GCG in Danamons business activities.
2) To optimize the funding management 3. Attendance of members of the Board
through increasing demand and savings of Commissioners in the Board of
accounts. Commissioners meetings, joint meetings
3) To balance the growth of loan portfolio with with the Board of Directors and committee
risk management at a reasonable level and meetings of The Board of Commissioners.
maintaining good credit quality. 4. Implementation of the duties and
4) To manage the ratio of loans to deposits at responsibilities of committees under the
optimal levels by taking into account the Board of Commissioners.
applicable provisions.
5) To implement the principles of good Party Assessing the Board of Commissioners
governance in all activities of the Bank Performance
and to continue alignment with ASEAN The Shareholders through the General Meeting
standards, the FSA and the International of Shareholders assess the performance of the
Roadmap as part of efforts to increase the Board of Commissioners based on reports of
value of the Bank. the Board of Commissioners.
6) To improve the quality and competence
of human resources through continuous Board of Commissioners Remuneration
training. policy
Indicators for Determining Board of
Board of Commissioners Performance Commissioners Remuneration
Assessment Formulation of remuneration refers to
Performance Assessment Procedure of Danamons internal policies, applicable
Board of Commissioners external regulations, industry comparison
The Board of Commissioners Performance and taking into account the performance
Assessment is administered based on of Danamon. Recommendation of the
assessment criteria related to implementation Remuneration Committee is submitted to the
of Board of Commissioners duties and Board of Commissioners and submitted to the
responsibilities covering structure and General Meeting of Shareholders for approval.
operational, direction and supervision as well The amount of remuneration for member of
as reporting. The Board of Commissioners the Board of Commissioners is determined
submits their performance to the Shareholders based on the assessment of each members
through the GMS. performances by the President Commissioner.

Procedure for determination of Board of Commissioners Remuneration

Remuneration of the Board of Commissioners setting process can be described as follows:
Remuneration Committe
Remuneration Committee gathers information about of

remuneration standards for position and similar industries
in the market by calculating the performance of the
company. The Committee makes recommendations to the
The BoC studies the recommendation from Remuneration

Committee and proposes remuneration of BoC to GMS.
General Meeting of Shareholder
AGM establishes the remuneration of the members of

the Board of Commissioners and authorizes the President
Commissioner to implement and distribute to each
member of the Board of Commissioners.
Remuneration of Members of BoD

Remuneration distribution to each member of the BoD in
accordance to GMS.
Board of Commissioners Remuneration Structure

Each member of the Board of Commissioners receives remuneration, which comprised of Salaries,
Housing Allowances and Transportation Allowance, Holiday Allowances, Leave Allowances and
Tantiem. The following table represents the type of remuneration and other facilities for the Board
of Commissioners, the total members of the Board of Commissioners as well as total remuneration
received in 1 year:
Board of Commissioners Remuneration and Other Facilities (In Million Rupiah)

2014 2013 2012 2011 2010
Remuneration
Nominal Person Nominal Person Nominal Person Nominal Person Nominal Person
1 Salary and 13,049 6 14,334 8 11,667 8 10,758 8 10,532 7

Allowance
2 Tantiem 8,370 6 13,641 8 9,240 8 8,017 8 8,683 7
3 LTCP NA NA NA NA NA
4 Other Benefits in the form of in kind (housing, transportation, health insurance and etc)
a. may be 382 6 495 8 495 8 495 8 495 7
owned
b. may 1,696 6 931 8 672 8 672 8 672 7
not be
owned

Board of Commissioners Members Remuneration Based on Income Level and the number of members of
the Board of Commissioners receiving remuneration in a year, as follows:
Remuneration amount per
2014 2013 2012 2011 2010
person in 1 year *
Above 5 billion - - - - -
Above 2 billion up to 5 billion 5 8 8 8 7
Below 2 billion 1 - - - -
Notes:
1 new Commissioners joined in May 2014
Orientation Program for New Commissioner

The orientation program for a new Commissioner is made to provide an understanding of the vision,
mission and values of Danamon, code of ethics, organizational structure, lines of business, a Board
of Commissioners charter and banking regulations. The orientation program is conducted through
the provision of On-Boarding Pack and briefing in persons by management, business unit and
supporting unit to provide.
Training Program to Increase Competency of the Members of the Board of Commissioners

In order to improve the competence, the Bank provides the opportunity for members of the Board
of Commissioners to attend training courses, seminars or workshops which are held internally and
organized by external institutions. In 2014, the participation of members of the Board in various
training programs is as follows:
Name Training Training Provider Venue Training Date

Ng Kee Choe Risk Management Refreshment Course The Risk Forum Jakarta 28 Oktober 2014
J.B. Kristiadi Risk Management Refreshment Course The Risk Forum Jakarta 28 Oktober 2014
Gan Chee Yen Risk Management Refreshment Course The Risk Forum Jakarta 28 Oktober 2014
Manggi T. Habir Risk Management Refreshment Course The Risk Forum Jakarta 28 Oktober 2014
Ernest Wong Risk Management Refreshment Course The Risk Forum Jakarta 28 Oktober 2014
Yuen Weng
Made Sukada Risk Management Refreshment Course The Risk Forum Jakarta 28 Oktober 2014
COMMITTEES UNDER THE BOARD OF COMMISSIONERS

To support the effectiveness of its duties and responsibilities, the Board Commissioners of Danamon
forms 5 (five) committees, namely:
Audit Committee;
Risk Monitoring Committee;
Nomination Committee;
Remuneration Committee;
Corporate Governance Committee
Committee members are appointed by the Board of Commissioners by Resolution of the Board of
Commissioners and through the Boards decision letter. Committees are chaired by an Independent
Commissioner. The duties and responsibilities of the Committees under The Board of Commissioners
refer to the Charters of the various Committees which are reviewed periodically based on regulations
in Indonesia.

The Audit Committee b. External Audit

The Audit Committee has the primary function 1) To recommend to the Board the
to monitor and evaluate the planning and appointment, reappointment, dismissal
execution of audits as well as monitoring the or replacement, the terms of engagement
follow-up results of the audit to assess the and remuneration of public accountants
adequacy of internal controls, including the to be proposed to the General Meeting
adequacy of the financial reporting process. of Shareholders (AGMS).
Establishment of Audit Committee refers to 2) To assess annually the scope of work
the Decree of the Board of Commissioners No. and audit results, and independence,
KEP: Kom-Corp. Sec.070 21 November 2001 objectivity of the public accountant,
on the Establishment and Designation of the to state in the Annual Report (a) the
Audit Committee. aggregate amount of fees paid to public
accountants for the fiscal year, and
Audit Committee Charter (b) the details of the fees paid in total
In performing its functions, the Committee for audit and non-audit services, or
refers to the Charter of the Audit Committee appropriateness of negative statements
which details matters relating to the duties (if any) and whether all significant risks
and responsibilities, organization, membership have been considered.
requirements, independence, authority, 3) To assess the financial audit
meetings, work ethics and term of office. Audit report, significant findings and
Committee Charter is reviewed periodically. recommendations of public accountants
and the coresponding responses of
Duties, Responsibilities and Authorities of Directors.
the Audit Committee 4) Monitor and evaluate the planning and
The Audit Committee is responsible as follows: implementation of public accountants
a. Financial Reporting audit and the follow-up results of the
1) Assess the financial information that audit in order to assess the adequacy of
will be issued by Danamon to the public internal controls, including the adequacy
and/or to the authorities, among others: of the financial reporting process.
financial statements, projections, and 5) Monitor and evaluate public accounting
other statements relating to the Banks compliance with applicable auditing
financial information. standards.
2) To monitor and evaluate compliance of c. Internal Audit
financial statements to the applicable 1) To assess the adequacy and effectiveness
accounting standards. of the functions of the Internal Audit Unit.
3) To assess the adequacy of the audit 2) To assess the independence of the Head
conducted by public accountants to of Internal Audit Unit and ensure that the
ensure that all significant risks have Head of Internal Audit Unit has direct
been considered. and unrestricted access to the Audit
4) To examine complaints relating to Committee and Director of the Bank.
accounting and financial reporting
process of the Bank.

3) To assess the scope of work and audit 2) To submit evaluation report to all
plan of the Internal Audit Unit, including members of the Board of Commissioners
interaction with the Board of Directors after the reports have been completed
and other matters relating to the audit. by the Audit Committee.
4) To assess the significant findings 3) To provide independent opinion on any
and recommendations of the Internal disagreement between the Board of
Audit Unit as well as the responses of Directors and a public accountant for the
Directors. services.
5) Monitor and evaluate the implementation 4) To maintain the confidentiality of
of the follow-up by the Board of Directors documents, data and information the
on the findings of the Internal Audit Unit, Bank.
public accountants, and the findings 5) To review and advise the Board in relation
of the audit of the Financial Services to the potential conflict of interest of the
Authority and/or other regulators. Bank.
d. Internal Controls 6) To increase competence through
To review and report to the Board on a regular education and continuous training.
basis, the adequacy and effectiveness of
internal controls established by the Board The Audit Committee has the authority as
of Directors, covering financial, operational, follows:
compliance and control of information a. To investigate any matter including the terms
technology. of reference, access and cooperation with
e. Compliance the Board of Directors and the discretion
1) To evaluate the compliance framework, to invite any director or executive officer to
and the scope of work and Compliance attend meetings of the Audit Committee,
plan. as well as to have reasonable resources in
2) To assess compliance with laws and order to carry out their functions properly.
regulations related to the activities of b. To assess affiliate transactions and conflict
Danamon. of interest after receiving the assessment
3) To assess the legal issues that may report of the Director of Compliance, to
have material impacts on the financial ensure that the transactions are carried out
statements, related compliance policies, by regarding to the interests of the Bank
and reports received from regulators. and the minority of shareholders as well
f. Others as performed based on reasonable normal
1) Examining the alleged errors on commercial terms.
decisions made in the Board of Directors c. To involve an independent party to assist the
meeting or irregularities in implementing implementation of their duties if necessary.
the decisions of the Board of Directors. d. To invite/appoint observers and do
The examination is carried out by the other authority granted by the Board of
Audit Committee or by an independent Commissioners.
party appointed by the Audit Committee
at the cost of Danamon.

Composition, Expertise and Legal Basis for Independency of Audit Committee

appointing Audit Committee All members of the Committee meet the
Danamons Audit Committee consists of 5 (five) applicable provisions relating to independency
persons, consisting of 3 (three) Independent of the members of the Committee, which
Commissioner, and 2 (two) independent consideration to integrity, character and morals
parties. The Audit Committee is chaired by an as declared in personal statements.
Independent Commissioner Manggi T. Habir.
To maintain independence and objectivity, all
Membership of the Audit Committee based on members of Audit Committe are Independent
Circular Decision of the Board of Commissioners Commissioners and Independent Parties. The
in lieu of the Decision taken in the meeting of Board of Directors are not allowed to sit in the
the Board of Commissioners No. KSR-Kom. membership of the Audit Committee.
Corp.Sec - 015 dated 1 September 2014 and
the Decree of the Board of Directors KEP.DIR- Profile members of the Audit Committee
Corp.Sec. - 015 dated 1 September 2014. Profile members of the Audit Committee
describes the details of the name and position
Each member of the Audit Committee has of the members of the Audit Committee,
met the applicable provisions relating to the the term of office, skills, qualifications and
requirements on expertise which includes education history, as well as work experience of
finance and/or accounting, risk management, each member of the Audit Committee including
banking and/or law. an independent parties, as follows:
Name Position Period Expertise Quality/Education Qualifications

Manggi T. Chairman/ September Finance/Risk Master in Business Administration,
Habir Independent 2014 Management University of Michigan, 1979
Commissioner present Master in Public Administration, Harvard
University, 2002
Work Experience (Position, Institution and Term of office)
- Independent Commissioner Danamon 2005-present.
- Chairman of the Supervisory Board of Yayasan Danamon Peduli, 2006-present.
- President Commissioner of PT Asuransi Adira Dinamika, 2013-present.
- Director of Standard & Poors, Singapore, 2002-2005.
- President Director of PT Pefindo 1998-2001.
- Research Director of PT Bahana Securities 1995-1998.
- Business and Economics Correspondent of Far Eastern Economic Review, 1982-1985.
- Held several key position of Citibank N.A. Jakarta, 1985-1991.


J.B. Kristiadi Member/ September Finance and Risk PhD (Public Administration), Sorbonne
Independent 2014 Management University, Perancis tahun 1979.
Commissioner present
- Vice President Commissioners of Danamon,2005-present.
- Member of Board of Commissioners of PT Citra Tubindo, 2009-present.
- Member of National Task Force for Government Institutional Reform in the Ministry of
Apparatus Reforms, 2011-present.
- Secretary of Tax and Customs Reforms Team, 2010.
- Special Staff to the Ministry of Finance, 2009.
- Professor at State University of Padjajaran Bandung, 2007-present.
- Secretary General of The Ministry of Finance, 2005-2006
- Secretary General of The Ministry of Communication and Information, 2003-2005.
- Deputy Minister of Apparatus Reforms, 2001-2003.
- Assistant to the Coordinating Minister of Development Monitoring, 1999-2001.
- Chairman of the National Institute of Administration (LAN), 1990-1998.
- Director of Budget in the Ministry of Finance, 1987-1990.
- Commissioners in several State-Owned Enterprises (PT Tambang Batu Bara Bukit Asam, 1980-
1989, Bank Dagang Negara, 1982-1981, PT Aneka Tambang-1986, Bank BNI, 2005)
- Director of State Property at Directorate General of Monetary Affairs, 1980-1987.
Made Sukada Member/ September Finance and Risk Master in Economics, University of
Independent 2014 Management Pittsburgh, USA 1984
Commissioner present
- Member of the Supervisory Board of Yayasan Danamon Peduli, 2014-present.
- Advisor to the Board of Governors of Bank Indonesia, 2010-2014.
- Member of Risk Monitoring Committee at PT Bank Permata, Tbk, 2010- 2014.
- Directors in various departments at Bank Indonesia, 1998-2010.
Angela Member/ September Audit Internal, Risk Master of Commerce in International
Simatupang Independent 2014 Management and Business and Management of
Party present Corporate Governance Technology, University of Sydney
- Managing Partner for Governance Risk Control Practice at RSM AAJ, 2012-present.
- Member of RSM International Network Limited in Indonesia. Within Global RSM
Organization, 2009-2012.
- Member of RSM Asia Pacific Risk Advisory Sub Committee and International Contact Partner
for Indonesia, 2008-present.
- Governor at Institute of Internal Auditors Chapter Indonesia, 2014-2017.
- Lecturer of Internal Audit and Risk Management in Accountant Professional Education Program
at Accounting Graduate School, University of Indonesia, 2008-2010.
- Author of various articles to socialize and increase public awareness on good corporate
governance, 2007-2011.
- Worked and assigned in RSM Bird Cameron Australia, 2005.
Yusuf Member/ September Micro finance, BA in Economics, Sriwijaya University
Nawawi Independent 2014 corporate finance, and Master of Business Administration,
Party present derivative securities, Weatherhead School of Management,
credit management, Case Western Reserve University
risk management,
investment
management, training
and development
- President Director of BRI Pension Funds, 2010-2014.
- Head of Training and Education of BRI, 2006-2010.
- Head of Micro Banking Division of BRI, 2004-2006.
- Director of International Visitors Program, 2001-2004.
- Directorate General of Budget at the Ministry of Finance RI, 1978-1984.

Term of Office
Term of office of the Audit Committee members should not be longer than the term of office of the
Board of Commissioners as regulated in the Articles of Association and may be reappointed for 1
(one) other period with the notation that the maximum term of office of an Independent Commissioner
is 2 (two) consecutive terms.
Policy and Implementation of Audit Committee Meetings

Policy of Audit Committee Meeting
a. Meetings are held at least once every 3 (three) months in accordance with requirements the
Bank.
b. Meetings can only be held if attended by at least 51% (fifty one percent) of the members including
the Commissioner of the Independent and Independent Party.
a) The decision at each meeting is taken based on consensus. In case consensus is not reached,
the decision is taken by majority vote which is based on the principle of 1 (one) person 1 (one)
vote.
c. Each meeting is recorded in the minutes, well documented, signed by all members of the
Committee present, and submitted to the Board of Commissioners.
d. Dissenting opinion that occurs in the Committee meeting and the reasons thereof shall be clearly
stated in the minutes of the meeting.
Frequencies and Attendance of Audit Committee Meetings

During 2014, the Audit Committee carried out the 9 (nine) meetings with the attendance as follows:
Name Meetings Attendance Attendance Level
Manggi T. Habir 9 100 %
J.B. Kristiadi 8 89 %
Made Sukada*) 5 100 %
Angela Simatupang*) 5 100 %
Yusuf Nawawi*) 5 100 %
Note:
*) Always attend meetings Risk Monitoring Committee since actively served

Main Agenda of Audit Committee Meetings in 2014

No. Date Main Agenda
1. 23 January 2014 1. Internal Audit Update
2. External Auditor Update - the Financial Statements 2013
3. Date of next meeting
2. 04 March 2014 1. Internal Audit Update
2. Reappointment of the external auditor
3. 10 April 2014 1. Internal Audit Update
4. 6 May 2014 1. Internal Audit Update
5. 17 June 2014 1. Internal Audit Update
2. External Auditor Update
6. 07 August 2014 1. Internal Audit Update
7. 11 September 2014 1. Internal Audit Update
3. Tax Audit Update
8. 16 October 2014 1. Internal Audit Update
9. 27 November 2014 1. Internal Audit Update
Audit Committee Activities in 2014

Some of the important activities carried out by the Audit Committee are:
a. Receive Internal Audit reports relating to:
Audit Plan 2014 and the Audit Committee submits approval for the plan.
Implementation of Internal Audit plan in 2014 with the number of audit objects totaling 744
entities.
Monthly internal audits results, as well as reports on follow-up on audit findings and the
findings of fraud.
b. Reviewing the external auditors and recommending PT Ernst & Young Indonesia (E&Y) as the
External Auditor to be proposed to the GMS.
c. Receiving Internal Audit reports related to audit plan 2015.
d. Receiving PT E&Y report on the audit conducted on Danamon and its subsidiaries.
The Audit Committee submitted its activities report to the Board of Commissionersregularly.

Audit Committee Statement on the Effectiveness of Internal Control Systems

Internal control systems carried out by Danamon is considered to run effectively and adequately as
reflected in the effectiveness of internal control functions, among others, the internal audit function,
risk management, compliance, financial and operational controls.
Manggi T. Habir
Chairman, Independent Commissioner
J.B. Kristiadi Made Sukada

Member, Independent Commissioner Member, Independent Commissioner
Angela Simatupang Yusuf Nawawi

Member, Independent Party Member, Independent Party

Risk Monitoring Committee d. Reporting to the Board of Commissioners

Risk Monitoring Committee is responsible for the various risks faced by Danamon and
the risk monitoring function and provision of implementation of risk management by the
independent professional recomendations or Board of Directors.
opinions relating to framework and policies e. Evaluating the accountability of Directors
of risk management consistent with risk for the implementation of risk management
appetite of Danamon. Establishment of policies at least once in three months.
Risk Monitoring Committee was based on f. Regulating or authorizing the conduct of
Board of Commissioners Circular Decision investigations in its scope.
No. KEP: Kom-Corp.Sec.026 dated 24 May g. Maintaining the confidentiality of documents,
2006, concerning the Establishment of Risk data and information of Danamon.
Monitoring Committee. h. Increasing competence through education
and continuous training.
Risk Monitoring Committee Charter
In conducting its functions, the Risk Monitoring Risk Monitoring Committee has authority, as
Committee referred to Charter of Risk Monitoring follows:
Committee, which details the implementation a. Accessing documents, data and information
of duties and responsibilities, organization, necessary Danamon.
membership and work ethics, independence, b. Communicating directly with employees,
term of office and meeting arrangements. The Directors and other parties related to the
Charter of the Risk Monitoring Committee is duties and responsibilities.
reviewed regularly. c. Involving independent parties in order
to help the performance of its duties if
Duties, Responsibilities and Authorities of necessary.
the Risk Monitoring Committee d. Performing other powers granted by the
Risk Monitoring Committee is responsible for: Board of Commissioners.
a. Providing independent professional opinion
to the Board of Commissioners on reports or Composition, Expertise, and Legal Basis for
matters submitted by the Board of Directors appointing Risk Monitoring Committee
to the Board of Commissioners as well as Danamon Risk Monitoring Committee consists
identifying issues that require the attention of 5 (five) members with 2 (two) Independent
of the Board of Commissioners related to Commissioners, a Commissioner, an
Danamons risk management. Independent Party with expertise in Accounting
b. Evaluating on an annual basis, Danamons and Risk Management, and one Independent
risk management policies and conformity Party with expertise in Legal/Finance.
of this policies with the implementation in
order to provide recommendations to the All members of the Committee meet the
Board. applicable provisions related to the terms
c. Monitoring and evaluating the Risk of expertise, integrity, character and moral
Management Unit and the committees as declared by members in their personal
activities in order to provide statements.
recommendations to the Board of
Commissioners.

Danamon has made changes to the Parties. Board of Directors are prohibited from
membership of the Risk Monitoring Committee sitting in the Risk Monitoring Committee. Risk
based Decision Circular of the Board of Oversight Committee which is chaired by an
Commissioners as Substitute Decisions taken Independent Commissioner Manggi T. Habir.
in the meeting of the Board of Commissioners
of PT Bank Danamon Indonesia, Tbk. No. KSR- Profile of Risk Monitoring Committee
Kom.Corp.Sec - 015 dated 1 September 2014 members
and the Decree of the Board of Directors KEP. Profile of the Risk Monitoring Committee details
DIR-Corp.Sec. - 015 dated 1 September 2014 the name, position, term of office, expertise,
that was effective since 1 September 2014. qualifications and education history, as well as
work experience of each member of the Risk
Independency of Risk Monitoring Committee Monitoring Committee including independent
To maintain independence and objectivity, parties, as follows:
majority (80%) of the Committee are
Independent Commissioners and Independent

Manggi T. Chairman/ September Finance/Risk Master in Business Administration,
Habir Independent 2014-present Management University of Michigan, 1979
Commissioner Master in Public Administration,
Harvard University, 2002
- Independent Commissioner Danamon, 2005-present.
- Chairman of Supervisory Board of Yayasan Danamon Peduli, 2006-present.
- Director, Standard & Poorss, Singapore, 2002-2005.
- President Director, PT Pefindo, 1998-2001.
- Research Director, PT Bahana Securities, 1995-1998.
- Economics and Business Correspondent, Far Eastern Economic Review, 1982-1985.
- Held several key positions,Citibank N.A. Jakarta, 1985-1991.
Ernest Wong Member/ September Banking & Finance, First Class Honours Degree,
Yuen Weng Commissioner 2014-present *)
General Management Chemical Engineering, University
of Surrey, UK 1967.
- The Board of Commissioner, Danamon, 2010-present.
- Board Trustee, Nanyang Technological University, 2006-present.
- Board Member, Singapore Health Services Pte Ltd (SingHealth), 2006-present.
- Chairman, Fullerton Financial Holdings Pte Ltd, 2011-present.
- Board Member, Singbridge Holdings Pte. Ltd, 2011-present.
- Board Member, Pavilion Capital Holdings Pte. Ltd, 2012-present.
- Chairman, A. Menarini Asia-Pacific Holdings Pte Ltd, 2012-present.
- Board Member, Economic Development Board and The Ministry of Finance, 1989-1993.
- Group CEO, MediaCorp Pte Ltd, 2000-2005.
- Board Member, United Overseas Bank Group, 1990-2005.
- Chairman, the Association of Banks in Singapore,1991-1993 dan 1999-2000.


Made Member/ September Finance and Risk Master in Economics, University of
Sukada Independent 2014-present Management Pittsburgh, USA 1984
Commissioner
- Member of Supervisory Board of Yayasan Danamon Peduli , 2014- present
- Advisor to the Board of Governors of Bank Indonesia 2010-2014.
- Member of Risk Monitoring Committee, PT Bank Permata, Tbk, 2010- 2014.
Angela Member/ September Audit Internal, Risk Master of Commerce in
Simatupang Independent 2014-present Management and International Business and
Party Corporate Governance Management of Technology,
University of Sydney
- Managing Partner for Governance Risk Control Practice at RSM AAJ, 2012-present.
- Member of RSM International Network Limited in Indonesia. Within Global RSM
Organization, 2009-2012.
- Member of RSM Asia Pacific Risk Advisory Sub Committee and International Contact Partner
for Indonesia, 2008-present.
- Governor at Institute of Internal Auditors Chapter Indonesia, 2014-2017.
- Lecturer of Internal Audit and Risk Management in Accountant Professional Education
Program at Accounting Graduate School, University of Indonesia, 2008-2010.
- Author of various articles to socialize and increase public awareness on good corporate
governance, 2007-2011.
- Worked and assigned in RSM Bird Cameron Australia, 2005.
Yusuf Member/ September Micro finance, BA in Economics, Sriwijaya
Nawawi Independent 2014-present corporate finance, University and Master of Business
Party derivative securities, Administration, Weatherhead
credit management, School of Management, Case
risk management, Western Reserve University
investment
management, training
and development
- President Director of BRI Pension Funds, 2010-2014.
- Head of Training and Education of BRI, 2006-2010.
- Head of Micro Banking Division of BRI, 2004-2006.
- Director of International Visitors Program, 2001-2004.
- Directorate General of Budget at the Ministry of Finance RI, 1978-1984.
* Note: Per January 9, 2015, Ernest Wong Yuen Weng is observer in Risk Monitoring Committeee according to Board of Commissioners
Circular Resolution Decision No. KSR-KOM.Corp.Sec.-001 on Change of Composition in Risk Monitoring Committee.
Term of Office
Term of office of the Risk Monitoring Committee members should not be longer than the term
of office of the Board of Commissioners as regulated in the Articles of Association and may be
reappointed for 1 (one) other period with the notation that the maximum term of office of an
Independent Commissioner is 2 (two) consecutive terms.
Policy and Implementation of Risk Monitoring Committee Meetings

Risk Monitoring Committee Meeting Policy
a) Meetings are held at least once every 3 (three) months in accordance with the needs of the Bank.
b) Meetings can only be held if attended by at least 51% (fifty one percent) of the members including
the Independent Commissioner and Independent Party.

c) The decision at each meeting is taken based on consensus. In case consensus is not reached,
vote.
d) Each meeting is recorded in the minutes, well documented, signed by all members of the
e) Dissenting opinion that occurs in the Committee meeting and the reasons thereof shall be clearly
Frequency and Attendance of Risk Monitoring Committee Meetings

During 2014, Risk Monitoring Committee carried out the 9 (nine) meetings with the level of attendance
as follows:
Name Attendance Attendance Level
Manggi T. Habir 9 100%
Ernest Wong Yuen Weng 8 89%
Made Sukada*) 5 100%
Angela Simatupang*) 5 100%
Yusuf Nawawi*) 5 100%
Note:
*) Always attend meetings Risk Monitoring Committee since actively served
Main Agenda of Risk Monitoring Committee in 2014

No. Date Agenda
1. 23 January 2014 1. Treasury & Capital Market
2. National Portfolio
3. Financial Institutions Portfolio
4. Solusi Emas Syariah Portfolio
5. Regulatory Parameters & Related Party Transactions and Compliance Update
6. Legal Cases Update
7. AML Update
2. 04 March 2014 1. Treasury & Capital Market
2. Subsidiarys Portfolio & Product Program (Adira Multifinance Dinamika)
4. Syariah Portfolio
7. AML Update
3. 10 April 2014 1. Treasury & Capital Market
5. AML Update
4. 6 May 2014 1. Treasury & Capital Market
3. SEMM Portfolio & Product Program
4. Subsidiarys Portfolio (Adira Quantum)
7. AML Update
5. 17 June 2014 1. Treasury & Capital Market
3. Stress Test Update
6. AML Update
No. Date Agenda

6. 07 August 2014 1. Treasury & Capital Market
3. Corporate Banking Portfolio Update
6. AML Update
7. 11 September 2014 1. Treasury & Capital Market
3. SMEC Portfolio & Product Program
4. Subsidiarys Portfolio (Adira Insurance)
7. AML Update
8. 16 October 2014 1. Treasury & Capital Market
2. Funding Impact from Deposit Rate Cap
4. SEMM Portfolio Update
7. AML Update
9. 27 November 2014 1. Treasury & Capital Market
3. ABF Portfolio Update
4. Syariah Update
5. Regulatory Parameters & Related Party Transacton and Compliance Update
6. AML Update
7. Litigation Update

Risk Monitoring Committee Activities in 2014

During 2014, the following activities were carriedout by the Risk Monitoring Committee:
a. Receive Compliance Director report on compliance and Bank Indonesias latest audit status.
b. Review reports of Legal Unit and Litigation Unit on the development of legal and litigation cases.
c. Review reports of the Integrated Risk Unit, Treasury Capital Market Unit (TCM), and Assets
& Liabilities Committee (ALCO) regarding national portfolio risk management, risk analytics
development, market and liquidity risks, loan-to-deposit ratio management, andassets &
liabilities management.
d. Received and reviewed the reports of Anti Money Laundering (AML)/Combating Financing
of Terrorism (CFT) reporting oncovered suspicious transactions, e-learning implementation,
technology system initiatives, SKAI audit results,and others.
e. Evaluate new and revamp product program.
Activities and recommendations of the Risk Monitoring Committee are reported regularly to the
Manggi T. Habir
Ernest Wong Yuen Weng Made Sukada

Member, Commissioner Member, Independent Commissioner
Angela Simatupang Yusuf Nawawi

Member, Independent Party Member, Independent Party

Nomination Committee c. To recommend to the Board of

Establishment of Nomination Committee is Commissioners candidates for independent
directed to assist in the effective implementation parties who will be members of the
of the duties and responsibilities of the committees.
Board of Commissionersin monitoring d. To evaluate and recommend candidates
the implementation of the policy function proposed by 1 (one) or more shareholders
nomination, identification, recommendation who together represent 1/10 (one tenth)
and succession of the Board of Commissioners, or more of the total shares with valid
Board of Directors including the Managing voting rights, with the provisions that the
Director and Independent Party. Nomination Committee has received the
written proposal no later than seven (7) days
Decision of the Board of Commissioners prior to the invitation to the General Meeting
Circular Resolution No. KSR-Kom.Corp.Sec- of Shareholders.
003 dated 5 March 2014 decided to carry e. To review and evaluate the candidates on
out the dissolution of the Nomination and and equal opportunity basis, regardless of
Remuneration Committee as well as forming the gender, race, religion or sources of the initial
Nomination Committee and the Remuneration recommendation.
Committee. Ratification of the Nomination forth f. To review and evaluate candidates based
in Decree No. KEP.DIR.Corp.Sec-004 dated 5 on the minimum requirements and other
March 2014. criteria by considering all the appropriate
facts and circumstances, among others,
Nomination Committee Charter banking knowledge and expertise of the
In conducting its functions, the Nomination & proposed candidates, the depth and
Remuneration Committee refers to Committee breadth of professional experience or
Charter that regulates the implementation other background characteristics, their
of duties and responsibilities, organization, independence, and requirements the Board
independence, and meeting arrangements. of Commissioners/Directors.
The Nomination & Remuneration Committee g. To increase competence through continuous
Charter are reviewed regularly. education and training.
h. To keep confidentiality of all Danamons
Duties, Responsibilities and Authorities of documents, data, and information.
Nomination Committee
Following are the duties and responsibilities of Authority of Committee Nomination
the Nomination Committee: a. Using the services of one or more search
a. To assess, evaluate and provide companies to identify candidates (including
recommendations on systems and to approve the costs and requirements of
procedures and/or replacement of members the search companies).
of the Board of Commissioners and Board b. Accessing documents, data, and information
of Directors. required from Danamaon.
b. To identify, assess and recommend
candidates for the Board of Commissioners
and Directors including the President
Director to the Board of Commissioners
to be submitted to the General Meeting of
Shareholders for approval.

c. Communicating directly with employees, The appointments were deliberated after all
directors, and other parties related to the committee members were assesed to have
duties and responsibilities. fulfilled expertise requirements and taking into
d. Involving an independent party to assist the account individuals integrity, character and
implementation of their duties if necessary. morals, as set forth in the personal statements.
e. Performing other powers granted by the
Board of Commissioners. Nomination Committee members were
appointed through the Circular Decision of the
Board of Directors Succession Policy Board of Commissioners in lieu of the meeting
In accordance with the Nomination Committee of the Board of Commissioners of PT Bank
charter, Nomination Committe is accountable Danamon Indonesia, Tbk. No. KSR-Kom.Corp.
for the succession planning of the Board Sec - 015 dated 01 September 2014 and the
of Directors to ensure the continued future Decree of the Board of Directors KEP.DIR-
leadership of Danamon. The succession Corp.Sec. - 015 dated 01 September 2014
planning is carried out based on identifying that effectively served since the date of 01
potential Executive Officers through Talent September 2014.
Management Program. Each member of the
Board of Directors is required to submit minimal Independency of Nomination Committee
2 (two) potential successors to be evaluated To uphold independence and objectivity,
and their competencies and skill gaps are the Nomination Committee is chaired by an
appropriately identified. The successor Independent Commissioner; J.B. Kristiadi with
candidates are grouped in the talent inventory majority being Independent Commissioners. In
for recommendation to the Nomination addition Board of Directors is prohibited from
Committee. being members of the Nomination Committee.
Composition, Expertise and Legal Basis for Profile of Nomination Committee Members
Nomination Committee Appointment The profiles of Nomination Committee
The Nomination & Remuneration Committee members detailing the name and position,
membership consists of 4 (four) members, term of office, expertise, qualifications and
with 2 (two) Independent Commissioners, 1 educational history, and work experience of
(one) Commissioners, and 1 (one) Executive each member, are as follows:
Officer of Danamon responsible for the Human
Resources Division.

Quality/Education
Name Position Period Expertise
Qualifications
J.B. Chairman/ September Finance, Risk Management PhD (Public Administration),
Kristiadi Indepdent 2014 present Sorbonne University, Perancis
Commissioner tahun 1979.
- Commissioners in several State-Owned Enterprises (PT Tambang Batu Bara Bukit Asam, 1980-
1989, Bank Dagang Negara, 1982-1981, PT Aneka Tambang-1986, Bank BNI, 2005)
Ng Kee Member/ September Finance BSc in Chemistry, Singapore
Choe President 2014 - present Risk Management University 1967
Commissioner
- Board of Directors, Fullerton Financial Holdings Pte Ltd., 2008 - present
- Chairman, Tanah Merah Country Club, 2008 - present
- Member, Temasek Advisory Panel Temasek Holdings (Private) Ltd.,
- Chairman, NTUC Income, 2005-2013
- Vice chairman, DBS Group Holdings, 1970-2003
- Director, Singapore Exchange Limited, 2003-2014
- Awarded Public Service Star in 2001 and Meritorious Service Medal in 2012 for his
contribution to public service in Singapore
Made Member/ September Finance and Risk Master in Economics,
Sukada Independent 2014 present Management University of Pittsburgh, USA
Commissioner 1984
Marta Member/ September Human Resources BSc in Statistics, IPB Bogor
Jonatan Executive Officer 2014 present Management
- Human Resources Director, Microsoft Indonesia, 2010- 2014
- Human Resources Director, Barclays Indonesia, 2008-2010
- Human Resources Head, Citibank Philippines, 2006-2008
- Head of Compensation & HR Services, Citibank Jakarta, 1998-2006
- Head of Reward, United Tractors, 1992-1998

Term of office
Term of office of the Nomination Committee members should not be longer than the term of office
of the Board of Commissioners as regulated in the Articles of Association and may be reappointed
for 1 (one) other period with the notation that the maximum term of office of an Independent
Commissioner is 2 (two) consecutive terms.
Policy and Implementation of Nomination Committee Meetings

Nomination Committee Meetings Policy
a. Meetings are held in accordance with the needs of the Bank and at least two (2) times a year.
b. Meetings can only be held if attended by at least 51% (fifty one percent) of the total members
including Independent Commissioners and Executive Officer.
c. The decision at each meeting is taken based on consensus. In case consensus is not reached,
vote.
d. Each meeting is recorded in the minutes, well documented, signed by all members of the
e. Dissenting opinion that occurs in the Committee meeting and the reasons thereof shall be clearly
Frequency and Attendance of Nomination Committee Meeting

During 2014 the Nomination Committee held 4 (four) meetings with 100% attendance of all members.
This represents a high commitment of all members of the Nomination Committee.
The attendance of each Committee member in the Nomination Committee meeting is as follows:
Name Meeting Attendance Attendance Level
Ng Kee Choe 4 100%
Marta Jonatan*) 2 **) 100%
Note:
*) Always attended Nomination Committee Meetings since appointed.
**) The previous 2 Nomination Committeee were attended by HR Executive Officer
Main Agenda of the Nomination Committee in 2014

1. 05 February 2014 1. Tantiem
2. BoC/BoD Composition of the Banks Subsidiaries
2. 21 April 2014 1. Tantiem
2. Implementation of SG and LTI
3. 17 June 2014 1. Recommendation on the appointment for PresComm & Director Adira Quantum
4. 28 October 2014 Organization structure
Note:
The Nomination Committee is part of the Remuneration Committee in this batch

Nomination Committee Activities in 2014

Important activities of the Nomination Committee, include among others:
a. Evaluating the composition of the Committees,
b. Evaluating the composition of the Board of Commissioners and Directors of subsidiaries
c. Reviewing the companys overall organizational structure
d Conduct talent market mapping
e. Reviewing the overall human resources.
The activities of the Nomination Committee are regularly reported to the Board of Commissioners.
J.B. Kristiadi
Ng Kee Choe Made Sukada

Member, Commissioner Member, Independent Commissioner
Marta Jonatan
Member, Executive Officer

REMUNERATION COMMITTEE 3) Remuneration, including salaries and

Formation of the Remuneration Committee is benefits for Independent Party.
directed to carry out the function of monitoring b. Evaluating the performance of the Board
the effectiveness of the framework and the of Directors and propose an objective
remuneration policy and the remuneration comparison of the performance of the
structure of the Board of Commissioners, Board of Directors with industry.
Independent Party, certain Directors and Senior c. Maintain confidentiality of all documents,
Management. data, and information Danamon.
Decision of the Board of Commissioners of In carrying out its duties and responsibilities,
the Circular Resolution No. KSR-Kom.Corp. the Remuneration Committee shall take into
Sec-003 dated 5 March 2014 decided to carry account of Danamons financial performance,
out the dissolution of the Nomination and individual performance, the comparability with
Remuneration Committee as well as forming the peer group, and consideration of Danamon
Nomination Committee and the Remuneration long-term strategic objectives.
Committee separately. Ratification of the
establishment of the Remuneration Committee Authorities of Remuneration Committee
is set forth in the Decree No. KEP.DIR.Corp. a. Accessing documents, data, and
Sec-004 dated 5 March 2014. information about employees, Senior
Management, Board of Directors or Board
Renumeration Committee Charter of Commissioners.
The Remuneration Committee has charter that b. Communicating directly with employees,
regulated that details purpose, accountability, directors and other parties related to the
structure and membership, term of office, duties and responsibilities.
duties and responsibilities, authorities, meeting c. Involving independent parties to assist its
and reporting. The Remuneration Committee work if necessary.
Charter is reviewed regularly. d. Performing other authorities granted by the
Duties, Responsibilities and Authorities of
the Remuneration Committee Arrangement, Skills and Legal Basis of
Remuneration Committee Appointment
The following are duties of the Remuneration The Remuneration Committee consists of 4
Committee: (four) people, consisting of two (2) Independent
a. Evaluate and provide recommendations to Commissioners, a Commissioner, and
the Board of Commissioners regarding: an Executive Officer in charge of Human
1) The structure and remuneration policy Resources Division.
for the Board of Commissioners and
Board of Directors and, if necessary, for The appointments were deliberated after all
Senior Management. committee members were assesed to have
2) Remuneration, including salaries, fulfilled expertise requirements and taking into
allowances, bonuses and incentives will account individuals integrity, character and
be given based on the achievement of morals, as set forth in the personal statements.
the objectives and targets set for the
President Director and other members
of the Board of Directors, members of
the Board of Commissioners and the
Syariah Supervisory Board.

Remuneration Committee members were appointed through the Circular Decision of the Board
of Commissioners in lieu of the meeting of the Board of Commissioners of PT Bank Danamon
Indonesia, Tbk. No. KSR-Kom.Corp.Sec - 015 dated 01 September 2014 and the Decree of the
Board of Directors KEP.DIR-Corp.Sec. - 015 dated 01 September 2014 and effective since 01
September 2014.
Remuneration Committee Independence

To uphold the independence and objectivity, the Remuneration Committee is chaired by an
Independent Commissioner; J.B. Kristiadi with majority being Independent Commssioners. In
addition, members of the Board of Directors are prohibited from being members of the Remuneration
Committee.
Remuneration Committee Member Profile

Profiles of members of the Remuneration Committee outlining the details of the names and positions
of members, term of office, expertise, qualifications and education history and work experience,
are as follow:
Quality/Education
Qualifications
J.B. Kristiadi Chairman/ September Finance PhD (Public
Indepdent 2014 present Risk Management Administration),
Commissioner Sorbonne University,
Perancis tahun 1979.
- Commissioners in several State-Owned Enterprises (PT Tambang Batu Bara Bukit Asam,
1980-1989, Bank Dagang Negara, 1982-1981, PT Aneka Tambang-1986, Bank BNI,
2005)
Ng Kee Choe Member/ September Finance BSc in Chemistry,
President 2014 - present Risk Management Singapore University
Commissioner 1967
- Board of Directors, Fullerton Financial Holdings Pte Ltd., 2008 - present
- Chairman, Tanah Merah Country Club, 2008 - present
- Member, Temasek Advisory Panel Temasek Holdings (Private) Ltd.,
- Chairman, NTUC Income, 2005-2013
- Vice chairman, DBS Group Holdings, 1970-2003
- Director, Singapore Exchange Limited, 2003-2014
- Awarded Public Service Star in 2001 and Meritorious Service Medal in 2012 for his
contribution to public service in Singapore

Quality/Education
Qualifications
Made Member/ September Finance Master in Economics,
Sukada Indepdent 2014 present Risk Management University of Pittsburgh,
Commissioner USA 1984
Marta Member/ September Human Resources Management BSc in Statistics IPB Bogor
Jonatan Executive 2014 present
Officer
- Human Resources Director, Microsoft Indonesia, 2010- 2014
- Human Resources Director, Barclays Indonesia, 2008-2010
- Human Resources Head, Citibank Philippines, 2006-2008
- Head of Compensation & HR Services, Citibank Jakarta, 1998-2006
- Head of Reward, United Tractors, 1992-1998
Term of Office
Term of office of the Remuneration Committee members should not be longer than the term of office
Policy and Implementation of Remuneration Committee Meetings

Remuneration Committee Meetings Policy
a. Meetings are held in accordance with the needs of the Bank and at least 2 (two) times a year.
b. Meetings can only be held if attended by at least 51% (fifty one percent) of the total members
including Independent Commissioners and Executive Officer.
c. The decision at each meeting is taken based on consensus.
d. In case consensus is not reached, the decision is taken by majority vote which is based on the
principle of 1 (one) person 1 (one) vote.
e. Dissenting opinion that occurs in the Committee meeting and the reasons thereof shall be clearly
stated in the minutes of the meeting
f. Each meeting is recorded in the minutes, well documented, signed by all members of the
Frequency and Attendance of Remuneration Committee Meeting

During 2014 the Remuneration Committee held 4 (four) meetings with 100% attendance of all
members. This represents a high commitment of all members of the Remuneration Committee.

The attendance of each Committee member in the Remuneration Committee meeting is as follows:
Ng Kee Choe 4 100%
Marta Jonatan*) 2**) 100%
Note:
*) Always attended Nomination Committee Meetings since appointed.
**) The previous 2 Nomination Committeee were attended by HR Executive Officer
Main Agenda of Remunerasi Committee Meeting in 2014

1. 05 February 2014 1. Tantiem
2. BoC/BoD Composition of the Banks Subsidiaries
2. 21 April 2014 1. Tantiem
2. Implementation of SG and LTI
3. 17 June 2014 1. Talent market mapping for BoD positions including appointment of Headhunter
2. LTI & SG
3. People dashboard for Bankwide and SEMM
4. 28 October 2014 Retention Program
Note:
The Remuneration Committee is part of the Nomination Committee in this batch
Remuneration Committee Activities in 2014

Main activities of the Remuneration Committee, include among others:
a. Reviewing the grant of LTI & SG
b. Providing recommendation on the remuneration of the Board of Commissioners/Directors/
Syariah Supervisory Board/Audit Committee
c. Reviewing the companys overall organizational structure
d. Conduct market talent mapping
e. Reviewing the incentive scheme
The activities of the Nomination and Remuneration Committees are regularly reported to the Board
of Commissioners.
J.B. Kristiadi
Chairman, Independent Comissioner
Ng Kee Choe Made Sukada

Member, Commissioner Anggota, Komisaris Independen
Marta Jonatan
Anggota, Pejabat Eksekutif

Corporate Governance Committee b. Communicating directly with employees,

The Corporate Governance Committee assists directors and other parties related to the
the Board of Commissioners in monitoring execution of duties and responsibilities
the effectiveness of the structures, policies c. Involve an independent party to assist in
and governance resources in order to support implementing their duties, if necessary.
the implementation of principles of good d. Perform other authorities given by the Board
governance. The Committee was established of Commissioners.
pursuant to circular resolution of the Board of
Commissioners No. KEP: KOM-Corp.Sec.021 Composition, Expertise, Legal Basis
dated August 12, 2005 on the Establishment of for Appointment and Independence of
the Corporate Governance Committee. Corporate Governance Committee
Corporate Governance Committee consists
Corporate Governance Committee Charter of 3 (three) members of which 2 (two) are
The Corporate Governance Committee charter Independent Commissioners and 1 (one)
details the purpose, accountabilities, structure Commissioner. The Committee member
and membership, term of office, duties and composition meets the Committee charter as
responsibilities, authorities, meetings and well as independence requirement.
reporting. The Governance Committee charter
is reviewed regularly. Each member has the expertise required to
carry out his/her Committee function, and
Duties, Responsibilities and Authorities of each has the integrity, character and morals as
The Corporate Governance Committee declared in the personal statement.
The following are duties of the Corporate
Governance Committee: The Corporate Governance Committee
a. Evaluating the structure and governance members are appointed through the Board
framework as well as the appropriateness of Commissioners Circular Resolution in
of the Bank governance policies. lieu of the resolution of PT Bank Danamon
b. Reviewing the principles of governance and Indonesia, Tbk. Board of Commissioners
provide recommendations for improvements Meeting No.KSR-Kom.Corp.Sec-018 dated 30
to the Board of Commissioners. March 2011 and the Board of Directors Decree
c. Supervise the implementation of corporate No. KEP.DIR-Corp.Sec.-006 dated 30 March
governance and provide recommendations 2011 which have been adjusted to Board of
actions corrective plans. Commissioners decission No.KSR-Kom.
d. Assessing governance report issued by Corp.Sec-015 dated September 1, 2014 and
Danamon to ensure the transparency and the Board of Directors Decree KEP.DIR-Corp.
accuracy of the report. Sec.-015 dated September 1, 2014 which took
e. Report the committees activities to the effect since September 1, 2014.
To uphold the independence and objectivity,
Authorities of Corporate Governance Corporate Governance Committee is chaired
Committee include: by an Independent Commissioner; Made
a. Accessing documents, data, and information Sukada, and members of the Board of Directors
related to the needs of the bank. are prohibited from being a member of the
Corporate Governance Committee.

Governance Committee Members Profile

The profiles of Committee members oulining the details of the names and positions of members,
term of office, expertise, qualifications and education history and work experience, are as follow:

Made Member/ September Finance Master in Economics, University of
Sukada Indepdent 2014-present Risk Management Pittsburgh, USA 1984
Commissioner
Gan Chee Member/ September Finance sarjana jurusan Akuntansi dari
Yen Commissioner 2014-present Risk Management National University di Singapura
- Board Member CEI Contract Manufacturing Limited
- Board Member ST Asset Management Ltd
- Board Member Broad Peak Investment Ltd
- Board Member Fullerton Financial Holdings Pte Ltd
- Board Member ACR Capital Holdings Pte Ltd
- Chairman Fullerton Investment & Credit Guarantee Co Ltd
- Chairman Fullerton India Credit Co Ltd
- Board Member Dunia Finance LLC Dubai Outsource Zone
- Chairman Fullerton Credit (Sichuan) Ltd
- Chairman Fullerton Credit (Hubei) Ltd
- Chairman Fullerton Credit (Chongqing) Ltd
- Vice Chairman Cambodia Post Bank PLC
- Board Member Clifford Capital Pte Ltd Marina Bay Financial Co-Chief Investment Officer dan
Senior Managing Director, Special Projects di Temasek International Pte. Ltd. Dari 2003
2011.
- Direktur Keuangan Singapore Technologies Pte Ltd tahun 1996.
- Manajer Senior Keuangan di Singapore Technologies Marine Ltd pada tahun 1988 selama 8
tahun.
- Bergabung dengan Showa Leasing (S) Pte Ltd pada September 1986.
- Auditor di Pricewaterhouse Coopers pada Mei 1984
Manggi T. Chairman/ September Finance Master in Business Administration,
Habir Independent 2014 present Risk Management University of Michigan, 1979
Commissioner Master in Public Administration,
Harvard University, 2002
- Independent Commissioner Danamon, 2005-present.
- Chairman of Supervisory Board of Yayasan Danamon Peduli, 2006-present.
- Director, Standard & Poorss, Singapore, 2002-2005.
- President Director, PT Pefindo, 1998-2001.
- Research Director, PT Bahana Securities, 1995-1998.
- Economics and Business Correspondent, Far Eastern Economic Review, 1982-1985.
- Held several key positions,Citibank N.A. Jakarta, 1985-1991.
Term of Office
Term of office of the Corporate Governance Committee should not be longer than the term of office

Corporate Governance Committee Meeting

Committee Meeting Policy
a) The meetings held in accordance with Danamons requirements at least 1 (one) time in 1 (one)
semester.
b) Meeting quorum is attendence by at least 51% (fifty one percent) of the members of committee.
c) The decision in the meeting is taken based on consensus.
d) In the event consensus is not reached, the decision is determined by majority vote and is based
on the principle of 1 (one) person 1 (one) vote.
e) Dissenting opinion and reasons expressed in the meeting must be clearly stated in the minutes
of meeting.
f) Each meeting is minuted in the minutes of meeting, is properly documented and signed by all
attending members of the Corporate Governance Committee and submitted to the Board of
Commissioners.
Corporate Governance Committee Meeting

Corporate Governance Committee held 4 (four) meetings during 2014, attendance level is as follows:
Manggi T. Habir 4 100%
Gan Chee Yen*) 2 100%
Notes:
*) Always attending the Corporate Governance Committee meeting since active
Main Agenda of Corporate Governance Committee Meeting during 2014

1. 03 February 2014 1. Self Assessment GCG Result
2. AGMS and AGMS Agenda
2. 06 May 2014 BOC Committees Charters
3. 28 October 2014 GCG Regulation Update-FSA
4. 09 December 2014 1. EGMS
2. Schedule and CG Committe Meeting Agenda
Corporate Governance Committee Activities in 2014

During 2014, the activities of Governance Committee were as follow:
a. Review the agenda and materials of Danamons GMS 2014
b. Review completeness of the Banks Annual Report and Governance Implementation Report
2013 to ensure compliance and transparency are in accordance with prevailing regulations and
corporate governance standards as well as discuss improvements on Danamon 2014 Annual
Report.
c. Receive and review Management Report regarding:
Implementation of the principles of the Banks good corporate governance
Timeline for GMS and its agenda
Timeline for dividend payments
Timeline for Danamon Annual Report

Danamon Good Corporate Governance self assessment

Compliance with the Annual Report Award (ARA) assessment criteria
Alignment with ASEAN CG score card
Enhancement of Danamon Sustainability Report in line with the Global Reporting Initiative
standards
Appointment an independent party to assess the implementation of Good Corporate
Governance principles in Danamon
Improving the Board of Commissioners training program
The Corporate Governance Committee activities and recommendations are periodically reported to
the Board of Commissioners.
Made Sukada
Chairman, Independent Commisioner
Manggi T. Habir Gan Chee Yen

Member, Independent Commisioner Member, Commisioner

BOARD OF DIRECTORS Commissioners of a non-bank subsidiaries

The Board of Directors is an authorized organ controlled by the Danamon, as long as
of the company and is fully responsible for concurrent position does not result in the
managing the company for the benefit of the Director concerned to neglect his/her duties
Bank as well as representing the company and responsibility as a member of the Board
both inside and outside the court. The Board of of Directors.
Directors is accountable to the General Meeting e) Each member of the Board of Directors,
of Shareholders for the implementation of its either individually or jointly, shall not hold
duties. The Board of Directors is authorized stock ownership of more than 25% (twenty
and have clear responsibilities in line with the five percent) of the paid up capital of
Banks Articles of Association whereby the Danamon and/or other companies.
latter is in accordance with prevailing laws and f) Members of the Board of Directors are
regulations. prohibited from giving general authority to
another party which will result in the transfer
Board of Directors Charter of duties and functions of the Board of
The Board of Directors (BoD) charter is prepared Directors.
based on prevailing regulations and details g) The Board of Directors is prohibited from
the organization, duties and responsibilities, using individual advisor and/or professional
independence of the President Director, services as a consultant unless it meets the
transparency, work ethics, the establishment of following requirement:
units, and meetings. BoD charter is periodically 1) The project is specific;
reviewed. 2) Based on the clear contract, which
shall include at least the scope of
Board of Directors Work Ethics work, responsibilities and duration of
a) Members of the Board of Directors (BoD) employment as well as costs;
are prohibited from taking advantage of the 3) Consultant is an independent party
Bank for their personal, family and or other and have the qualifications to work on
partys gain that may be detrimental to the specific projects.
profit and reputation of Danamon and its h) Members of the Board of Directors shall be
subsidiaries. subject to the Banks Code of Conduct, the
b) Members of the Board of Directors is prevailing laws and regulations, as well as
prohibited from receiving personal gains the Banks internal policies.
from Danamon other than remuneration and i) Members of the Board of Directors are
facilities determined in the General Meeting prohibited from directly or indirectly making
of Shareholders. incorrect statements about material facts
c) Members of the Board of Directors are or not disclosing material facts, so as to
prohibited from having concurrent positions ensure that the statements made on the
as member of the Board of Commissioners, state of Danamon are not misleading.
Board of Directors or executive officers
of the banks, companies and/or other Directors Transparency
institutions. a. Related to report on the implementation
d) Excluded as concurrent position as of Corporate Governance and the Annual
outlined in point c above, if a Director is Report, the Board of Directors are required
responsible for supervision or investment in to disclose:
the Banks subsidiaries, or performing the - Shareholding in the Bank as well as in
functional duties as member of the Board of other banks and companies domiciled in
the country and abroad;

- Financial and family relationships with i. Provide accurate, relevant and timely
members of the Board of Commissioners, data and information to the Board of
other Directors and/or the Banks Commissioners.
controlling shareholders;
- Remuneration and facilities received Board of Directors Authorities
from the Bank; a) The Board of Directors represents the Bank
- Position in other companies. in and out of court of law on all matters and
b. Disclose the Banks strategic policy related in any event, binding the Bank with the other
to employement to the employees. parties and other parties with the Bank and
to execute all actions, both related to the
Board of Directors Duties, Responsibilities management and ownership, but with
and authorities restrictions and conditions as described in
Board of Directors Duties and the Articles of Association of the Bank.
Responsibilities b) The Board of Directors are authorized to
a. Fully responsible for the implementation perform other authorities granted in the the
of the management and managing the Articles of Association of the Bank and the
Bank in accordance with the authority and prevailing rules and regulations with prior
responsibilities as stipulated in the Articles approval of the Board of Commissioners to
of Association of the Bank and prevailing do the following actions:
laws and regulations. 1. Borrowing monies or providing credit
b. Implement the principles of good corporate facilities or other similar banking facilities
governance in business activities of the which induce lending money to related
Bank at all levels of the organization. parties, or from time to time exceed the
c. Take full responsibility for setting the short- amount for which to be determined by
term and long term strategies of and priority the Board of Commissioners.
to the Bank. 2. Binding Danamon as a guarantor or
d. Following up on audit findings and debt underwriter or alternatively being
recommendations of the internal audit unit responsible for the payment obligations
of Danamon, external auditors, monitoring of another party which is a related
the results Financial Services Authority party or exceeding the amount which
supervision and/or results of supervision of from time to time is set by the Board of
other authorities. Commissioners.
e. Implementing Danamon social responsibility 3. Setting up a new company, creating or
programs. increasing the ownership (except for
f. Establish an Internal Audit, Risk the increase in ownership related to the
Management Unit and Compliance Unit. issuance of stock dividends or bonus
g. Maintaining a healthy and open relationship shares or related to loan rescue efforts),
with the Board of Commissioners and or reducing the ownership in another
support the Boards supervisory function. company, without prejudice to the
h. Accountable for implementing its duties to authority approval.
shareholders through the General Meeting
of Shareholders.

4. Borrowing money from other parties are assessed and evaluated without regard
(which are not included in the provisions to gender, racial, religion as well as the initial
referred to in the Articles of Association source of recommendation.
Danamon) or receiving credit facilities
or other banking facilities in an amount Number, Composition, Criteria,
exceeding the amount determined Independence and Board of Directors
from time to time by the Board of Concurrent Positions
Commissioners. Number, Composition, and Criteria of
5. Writing-off or removing the Banks Directors
receivables from the books in an amount Directors are appointed by the General
that exceeds the amount wherein from Meeting of Shareholders (GMS) after
time to time determined by the Board of considering the candidates proposed by the
Commissioners. Board of Commissioners as recommended by
6. Transfering or releasing the Banks the Nomination Committee. Appointment of
rights to collect receivables which had Directors is effective on the date specified in the
been written off exceeding the amount GMS and end at the closing of the third GMS
wherein from time to time set by the after the date of appointment. Appointment of
Board of Commissioners. members of the Board of Directors is declared
7. Selling or transfering or releasing the effective following the approval of the fit and
rights, or collateralizing/guaranting, proper test in accordance with applicable
Danamons property, either in a single regulations.
transaction or in multiple transactions
that stand alone or are related to one Based on the 2014 Annual GMS, the appointment
another, in an amount that exceeds of members of the Board of Directors were
the amount wherein from time to confirmed where one Director was appointed
time determined by the Board of as Independent Director for 2014-2017 period.
Commissioners. The involvement of the The Banks Board of Directors as of December
BOC as intended does not negate the 2014 consists of 9 (nine) persons, the majority
responsibility of the Board of Directors of whom are Indonesian citizens and all are
for managing the Bank. domiciled in Indonesia. The Board of Directors
is led by a President Director coming from the
Policy on Diversity in the Board of Directors professional circle and independent from the
Composition controlling Shareholders, has integrity and
The composition of the Board of Directors is sound competency and had passed the fit
set considering the Banks requirements and and proper test in accordance to the prevailing
complexities. The composition of the Board regulations.
of Directors is made on the basis of members
banking knowledge, background in order to All members of the Board of Directors upon
support the effectiveness in carrying out the appointment have met the requirements as
duties of the Board of Directors. Danamon a member of the Board of Directors, among
provides equal opportunity to all, hence the others, have good moral character and
nomination of the Board of Directors candidates integrity, never been declared bankrupt, never
been convicted of a criminal offense, and have
the knowledge, expertise and experience in the
field of operations as executive officer of the
Bank.

Composition of Board of Directors of the Bank until December 31, 2014 is as follows:
Effective Date Number of
No Name Position Appointment Domicile
GMS Date (BI Approval) Appointment
1 Henry President 29 Apr 24 July 2010 2010-2011 3x Indonesia
Ho Hon Director 2010 2011-2014
Cheong 2014-2017
2 Muliadi Director 31 Aug 21 Dec 1999 1999-2002 6x Indonesia
Rahardja 1999 2002-2005
2005-2008
2008-2011
2011-2014
2014-2017
3 Vera Eve Director 22 May 26 Jun 2006 2006-2008 4x Indonesia
Lim 2006 2008-2011
2011-2014
2014-2017
4 Herry Director 3 Apr 13 May 2008 2008-2011 3x Indonesia
Hykmanto 2008 2011-2014
2014-2017
5 Kanchan Director 3 Apr 19 Jun 2008 2008-2011 3x Indonesia
Keshav 2008 2011-2014
Nijasure 2014-2017
6 Fransiska Director 25 May 11 Jun 2009 2009-2011 3x Indonesia
Oei Lan 2009 2011-2014
Siem 2014-2017
7 Pradip Director 29 Apr 18 Mar 2010 2010-2011 3x Indonesia
Chhadva 2010 2011-2014
2014-2017
8 Michellina Director 29 Apr 27 May 2010 2010-2011 3x Indonesia
Laksmi 2010 2011-2014
Triwardhany 2014-2017
9 Satinder Director 29 Apr 24 Jun 2010 2010-2011 3x Indonesia
Pal Singh 2010 2011-2014
Ahluwalia 2014-2017
Note:
- Khoe Minhari Handikusuma has resigned effective, 31 October 2014
- Regulation No. 1 A regarding share registration and Equity-like securities other than shares issued by listed company
- Fransiska Oei Lan Siem was appointed in the AGMS dated 07 May 2014 as an Independent Director
Plan to Change the Composition of Board of Directors

In early January 2015, Danamon has submitted notice to the Financial Services Authority (FSA)
regarding the plan to hold Extraordinary General Meeting of the Shareholders (EGM) on February
27, 2015, with the agenda of the amendment of Articles of Association, on the change in the
nomenclature of the post of Vice President Director and change in the composition of the Board
of Directors relating to the nomination Sng Seow Wah as President Director replacing Henry Ho
Hon Cheong Hon Cheong who will retire, and Muliadi Rahardja as Vice President Director. The
nomination of Sng Seow Wah and Muliadi Rahardja have been approved received by the Financial
Services Authority, respectively, on November 20 and December 12, 2014.

Conditional upon EGMS approval Danamons Board of Directors composition will be as follows:
No Name Position
1 Sng Seow Wah President Director
2 Muliadi Rahardja Vice President Director
3 Vera Eve Lim Director
4 Herry Hykmanto Director
5 Kanchan Keshav Nijasure Director
6 Fransiska Oei Lan Siem Director
7 Pradip Chhadva Director
8 Michellina Laksmi Triwardhany Director
9 Satinder Pal Singh Ahluwalia Director
Term of Office of Independent Director

The term of office of an Independent Director is at most 2 (two) consecutive terms. In the event an
Independent Directors position is vacant, then the Bank must fill such vacant position at the latest
by the next General Meeting of Shareholders or within 6 (six) months after such vacancy occurs.
An Independent Director is required to be:

- Not affiliated with the Banks controlling Shareholders at least 6 (six) months prior to the
appointment as Independent Director;
- Not affiliated with the Board of Commissioners or Directors of the Bank;
- Not having concurrent position as member of the Board of Directors in other companies;
- Not affilitated with institutions or professionals supporting the capital markets where its services
are used by the Bank 6 (six) months prior to the appointment as Director.
- Appointed by the Board of Commissioners.
Duties and Responsibilities of Each Member of the Board of Directors

Each member of the Board of Directors has the role and authority set with reference to the Articles
of Association and Decision of the Board of Directors Circular Resolution regarding the divisions of
Duties and Authorities of the members of the Board of Directors, No. KSR-DIR.Corp.Sec 008 dated
December 3, 2014, as follows:
BoD Member Duties and Responsibilities
Henry Ho Hon Cheong President Director and Wholesale Banking Director, has overall responsibility
President Director for the duties and authorities of Danamons Board of Directors, and also directly
supervises the Banks Internal Audit, Wholesale Banking, PT Adira Dinamika
Multi Finance Tbk, PT Adira Quantum Multi Finance, and PT Asuransi Adira
Dinamika.
Muliadi Rahardja Operations, SME and Micro Business Director, supervising the activities of
Director Operations; Corporate Real Estate Management; Regional Chief Officer, Small
and Medium Enterprise (SME); and Micro Business Banking.
His primary duties are to develop and supervise the Banks operations at the
branch and area level, as well as the operations of centralized processes at
the Head Office. In addition, he is responsible for the activities of Regional
Corporate Officer and Corporate Real Estate Management as well as business
development of SME Banking and Micro Banking.

BoD Member Duties and Responsibilities

Vera Eve Lim Finance Director, supervising Financial Planning and Control as well as
Director Management Transformation.
Responsible for the direction and supervision of all financial issues at Danamon,
as well as to monitor the presentation of financial reporting to ensure compliance
with financial and accounting standards and applicable regulations. Functions
as a business partner by generating added value through business reports and
strategy and operational performance analyses of each respective business line.
In addition, provides up-to-date information on business competition, direction
of business strategy, and to coordinate the corporate actions of Danamon and
Danamon Group.
Herry Hykmanto Syariah Director, supervising Syariah Banking.
Director
Responsible for strategy development and execution of Danamon Syariah
Business Unit.
Kanchan Keshav Nijasure Information Technology Director, supervising Information Technology.
Director
Responsible for the alignment of Danamons IT vision and strategy with the
overall business strategy of the Bank, and for the development of the Banks IT
platform.
Fransiska Oei Lan Siem Compliance Director, supervising Compliance, Corporate Secretary, UKPN,
Director Legal, Litigation, and Public Affairs.
Responsible to ensure compliance with all applicable laws and regulations,

including regulations of Bank Indonesia/Financial Services Authority and the
implementation of Anti Money Laundering and Counter Terrorism Financing. In
addition, has responsibility over legal, litigation and public affairs issues as well
as the corporate secretary office.
Pradip Chhadva Treasury and Capital Markets Director, supervising Treasury, Capital Markets,
Director Financial Institutions, and Transaction Banking.
Responsible for strategy formulation and execution as well as achievement of

business targets. In addition, has responsibility for the optimum and prudent
management of Danamons balance sheets and liquidity, the management
of interest rate risks and foreign exchange risks, the planning and execution
of funding activities, and strategy and product development related to cash
management services, trade finance services, and bank custody services.
Michellina Laksmi Consumer Banking Director, supervising Retail & Consumer Banking, Credit
Triwardhany Card, and Consumer Mass Market.
Director
Responsible for strategy formulation and execution as well as achievement of
business targets. In addition, also responsible for the optimum progress of Retail
Banking business and branch office transformation process.
Satinder Pal Singh Integrated Risk Director, supervising Danamons Integrated Risk function.
Ahluwalia
Director Responsible to ensure proper understanding and management of risks at all
business units. In addition, also responsible for the communication of risk
strategy, risk measurement and underwriting standard across all business units.

Independence of Member of the Board of Directors

All members of the Board of Directors have no family and financial relationship as stated in the
statement letter signed by members of the Board of Directors and is updated yearly. Members of the
Board of Directors are in compliance with reequirement of independency in accordance with good
Corporate Governance accomodated in the charter of the Board of Directors.
Financial and Family Relationship of Board of Directors

Family Relation with Financial Relation with
Controlling Controlling
BoD BoC BoD BoC BoD
Shareholders Shareholders
Yes No Yes No Yes No Yes No Yes No Yes No
Henry Ho Hon
Cheong - - - - - -
President Director
Muliadi Rahardja
- - - - - -
Director
Vera Eve Lim
- - - - - -
Director
Herry Hykmanto
- - - - - -
Director
Kanchan Keshav
Nijasure - - - - - -
Director
Fransiska Oei
Lan Siem - - - - - -
Director
Pradip Chhadva
- - - - - -
Director
Michellina Laksmi
Triwardhany - - - - - -
Director
Satinder Pal
Singh Ahluwalia - - - - - -
Director
Board of Directors Concurrent Postion

Directors are required to disclose positions or other positions as outlined in the statement letter
and signed by members of the Board of Directors and renewed annually. This excludes concurrent
position for Directors responsible for supervising subsidiaries, having functional tasks and serving
in the Board of Commissioners of subsidiaries. All members of the Board of Directorsf have no
concurrent position prohibited in accordance to Bank Indonesia Regulation No.8/4/PBI/2006 and
No.8/14/PBI/2006 regarding the implementation of GCG in Commercial Banks.

List of the Bank Board of Directors Member Position in Subsidiaries

Name Position in Danamon Position in Subsidiaries
Henry Ho Hon Cheong President Director President Commissioner PT Adira
Dinamika Multi Finance Tbk
Muliadi Rahardja Director Commissioner PT Adira Dinamika Multi
Finance Tbk
Vera Eve Lim Director Commissioner PT Adira Dinamika Multi
Finance Tbk
Satinder Pal Singh Ahluwalia Director Commissioner PT Adira Quantum
Multifinance
Herry Hykmanto Director Nil
Kanchan Keshav Nijasure Director Nil
Fransiska Oei Lan Siem Director Nil
Pradip Chhadva Director Nil
Michellina Laksmi Director Vice President Commissioner PT Asuransi
Triwardhany Adira Dinamika
Shares Ownership of Directors

Share ownership of each member of the Board of Directors at Danamon, Other Banks, Non Banks
Financial Institutions and Other Companies wherein majority does not own shares exceeding of 5%
of the paid-up capital. Here is a list of share ownership, directly or indirectly, by members of the
Board of Directors:
Non Bank
Bank Other
Shareholders Other Bank Financial Description
Danamon Company
Institution
Henry Ho Hon - 2.161.500 - - Percentage of
Cheong shares Ownership: 0,02%
President - Type of Shares:
Director B Series
Muliadi - 6.405.515 - Bank Central - - - Percentage of
Rahardja shares Asia,Tbk, 25.000 Danamons Shares
Director shares Ownership: 0,07%
- Bank Rakyat - Type of Shares:
Indonesia, 50.000 B Series
shares
- Bank Mandiri,
25.000 shares
Vera Eve Lim - 5.020.500 - - - - Percentage of
- Type of Shares:
B Series
Herry Hykmanto - 502.256 - - - - Percentage of
- Type of Shares:
B Series

Non Bank
Bank Other
Shareholders Other Bank Financial Description
Danamon Company
Institution
Kanchan Keshav - 1.187.866 - - - - Percentage of
Nijasure shares Ownership: 0,01%
Director - Type of Shares:
B Series
Fransiska Oei - 1.234.730 - - - - Percentage of
Lan Siem shares Ownership: 0,01%
Director - Type of Shares:
B Series
Pradip Chhadva - - - - -
Director
Michellina - 617.000 - - Percentage of
Laksmi shares Ownership: 0,01%
Triwardhany - Shares type:
Director B Series
Satinder Pal - - - - -
Singh Ahluwalia
Director
Board of Directors Meeting

Policy on Board of Directors Meetings
a) Board of Directors meetings are held periodically as required by the Bank.
b) Every policy and strategic decision must be decided through the Board of Directors meeting and
refer to the provisions set in the Articles of Association and other laws and regulations.
c) Invitation and meeting materials are submitted to the meeting participants before the meeting is
held.
d) President Director chairs the Board of Directors meeting. In case the President Director position is
vacant or the President Director is unable to attend the Board of Directors meeting, a member of
the Board of Directors shall be elected by the attending Directors to chair the Board of Directors
meeting.
e) A member of the Board of Directors can be represented in the meeting by other Director only
based on the power of attorney.
f) The Board of Directors Meeting is valid and may undertake binding decisions if more than (one
half) of the members of the Board of Directors are present or represented at the meeting.
g) Any decision of the Board of Directors meeting is made by consensus. In the event a consensus
is not reached, decisions is made by a majority vote. Decisions made by a majority vote is on the
basis of 1 (one) person 1 (one) vote.
h) The results of the Board of Directors meeting shall be minuted in the minutes of meetings and
appropriately documented.
i) Dissenting opinions expressed in the Board of Directors meeting shall be clearly stated in the
minutes of meeting with the reasons for the differences in opinions.
j) The minutes are kept and distributed to each member of the Board of Directors and Corporate
Secretary.

k) The Board of Directors may also take legal and binding decisions without convening a Board
of Directors meeting provided all members of the Board of Directors approved in writing by
signing a decree which contains the proposal in question. The decisions taken this way has the
same legal basis and therefore regarded as legitimate decisions taken by the Board of Directors
meeting.
l) Each member of the Board of Directors, personally in any way, directly or indirectly has an interest
in a transaction, contract or proposed contract, in which the Bank is a party, must state the
nature of the interest in the meeting of the Board of Directors and is not eligible to participate in
voting on matters relating to the transaction or proposed contract, unless the Board of Directors
decides otherwise.
Frequency of Directors Meeting

In 2014, the Bank held 39 Board of Directors meetings. Decision-making in the entire Board of
Directors meeting were conducted by deliberation and consensus, and there was no dissenting
opinions. Board of Directors meeting held at least 2 (two) times in each month, thus has met the
minimum requirement of the Board of Directors meeting. All decisions are documented in the
minutes of meetings.
Attendance Level of Board of Directors Meeting

Attandence on Board Of Directors Meeting
Name (39 times)
Frequency of Attendance Attendance Level
Henry Ho Hon Cheong 35 90%
Muliadi Rahardja 35 90%
Vera Eve Lim 34 87%
Herry Hykmanto 32 82%
Kanchan Keshav Nijasure 35 90%
Fransiska Oei Lan Siem 35 90%
Pradip Chhadva 27 69%
Michellina Laksmi Triwardhany 34 87%
Satinder Pal Singh Ahluwalia 34 87%
Frequency of Joint Meetings Directors and Board of Commissioners

Joint meetings between the Board of Directors and Board of Commissioners have conducted 6 (six)
time during 2014. All decisions are documented in the minutes of relevant meetings.
Attendance Level of Board of Directors Members in Joint Meetings

Joint Meeting Board of Directors with Board of Commissioners
Name (6 times)
Frequency of Attendance Attendance Level
Vera Eve Lim 6 100%
Michellina Laksmi Triwardhany 6 100%

Tabel Main Agenda and Results 2014 Board of Directors Meeting

1. 8 January 2014 1. Indonesia Economic Outlook 2014
2. Loan to Deposit Ratio (LDR) & Funding Update
3. Fiscal Year 2013 Financial Results unaudited
4. AGMS & Strategic Meeting with BoC
5. Sub Registry License
2. 22 January 2014 1. Sub Registry License Update
2. 2013 Audit Results EY
3. 2013 Key Perforamnces Indicator (KPI) Measurements & Results
4. Others
- Audit Committee composition
- AGMS Long Term Compensation plan
- Resignation of Ali Yong as Danamons Director
3. 29 January 2014 1. Drangonfly Project Update
2. Risk Management update and Operational Risk Management update
3. Update of BoC meeting
4. AGMS update
5. 2013 Dividend payout ratio
6. Update on the new Indonesian Exchange regulation
4. 12 February 2014 1. Dragonfly project update
2. January 2014 Financial Result
3. Head Office Portfolio Strategy of Danamon Group subsidiary
5. 19 February 2014 1. Implementation of effective sales incentive schemes
2. CAR Regulation update
3. BoC Strategic meeting
6. 26 February 2014 1. Risk Management Update
2. Stress Test 2014
3. Proposed Risk Appetite Statement Revisions
4. Job evaluation Committees Final report
5. Sub Registry update
6. Dragonfly project update
7. Litigation Case Update
8. TD reward scheme
7. 12 March 2014 1. Internal Audit Update
2. Februari 2014 Financial Results
3. Danamon stock analysis 2013
4. Senior Management Promotion
8. 19 March 2014 1. SEMM Update Credit Processing Improvement
2. Subsidiary Review
9. 26 March 2014 1. Risk Management Update
2. 2014 Opex Reduction Initiative
3. Review on global market
4. Appointment of Danamons Head of HR
10 2 April 2014 1. Cost reduction
2. Dragonfly project
3. Pegasus Project
4. Union negotiation collective labour agreement
11 16 April 2014 1. Banks comparison analysis full year 2013 results
2. Capital Restructuring
3. Cost reduction
4. Litigation Case Update
5. Risk profile update
6. Property management, NPAT & BOPO
12 23 April 2014 1. Risk Management Update
2. Operational Risk Management Update
3. Itinerary and agenda for BoC meeting
4. Cost update
5. Asset securitization


13 29 April 2014 1. Briefing with CEO
14 30 April 2014 1. Strategic risk management 1Q 2014 Assessment
2. Collective labour agreement
3. Internal Audit Update
4. FATCA update
5. Subsidiaries dividend payout ratio
15 06 May 2014 1. Risk Management Update
2. Operational Risk Management update
3. Litigation case update
16 13 May 2014 1. April 2014 Financial Performance
2. Appointment Danamons health insurance provider
17 28 May 2014 1. Risk Management Update
2. Operational Risk Management Update
4. AMEX
5. Appointment of Director of SEMC & Corporate Business subsidiary
18 04 June 2014 1. Stress Test Result 2014
2. AMEX update
3. COP Insurance Premium
4. Agendas for BoC meeting
5. Project initiatives and evaluation of business
6. BoD duties and responsibilities
19 11 June 2014 1. May 2014 Financial Performance
2. Cost Review
3. Long term incentive (LTI)
20 18 June 2014 1. Banks comparison analysis first quarter 2014 results
2. Impact of OJK New regulation on vehicle Insurance
3. IT Capex Budget
21 25 June 2014 1. Risk Management update
2. Revised 2014 business plan to O JK
22 18 July 2014 1. June 2014 Financial Performance
2. Internal Audit Update
3. Possible change on banking law governing foreign ownership of bank
23 23 July 2014 1. Risk Management update
2. Danamons new head office building
3. Liquidity
24 13 August 2014 1. July 2014 financial results
2. Business transformation program (BTP) kick off
3. Subsidiaries update
25 20 August 2014 1. Asset securitization
2. Communication strategic plan
26 27 August 2014 1. Operational Risk Management update
2. Risk Management Update
3. IT Strategic plan 2014 2018
27 10 September 2014 1. Bank comparison analysis
2. 2014 2015 financial direction
3. Mobile banking
4. Resignation of Minhari Handikusuma as a Director
28 17 September 2014 1. YTD Financial Performance August 2014
2. Macro assumption and FTO budget planning
3. Midyear 2014 Performance Appraisal Results and Promotion proposal
29 24 September 2014 1. Risk Management update
30 1 October 2014 1. Preliminary review of IT and CREM 2015 budget
2. Project Merdeka update
3. Litigation Case settlement


31 7 October 2014 1. Preliminary review budget
2. Property/Real estate management
32 15 October 2014 1. Islamic Trade Finance Corporation (ITFC) Finance Cooperation Scheme
2. Preliminary review budget
3. Badan Penyelenggara Jaminan Sosial (BPJS)
33 22 October 2014 2015 Bank wide budget review
34 29 October 2014 1. Risk Management update
2. 2014 Opex outlook reduction
3. 2015 budget review
35 05 November 2014 1. October 2014 Financial results
36 12 November 2014 1. Internal Audit Update
2. New LPS report requirement
3. Others :
- XLBR and Syariah business unit reporting
- Stress test NPL
37 17 November 2014 1. 2015 Business Plan
2. Project merdeka
3. Asset securitization Update
38 26 November 2014 1. Risk Management Update and Operational Risk Management Update
2. Stress Test Update
3. 2015 Budget Final Update
4. Syariah Update
39 3 December 2014 1. Project Pegasus Update
2. SID Update
40 9 December 2014 1. November Financial Result
2. IT Project Cost for Business Transformation
Attendance of the Board of Directors at the Annual GMS

Accountability of Directors for the implementation of duties and responsibilities has been submitted
to the shareholders through the Annual General Meeting 2014. All members of the Board of Directors
were present at the Annual GMS held on May 7, 2014.
Duties and Responsibilities of the Board of Directors

The Board of Directors of the Bank has performed the duties and responsibilities focusing on the
following:
a. Operating business in line with Risk Appetite Satement and the agreed business strategies.
b. Ensuring strong funding structure focusing on increasing Savings and Checking Accounts.
c. Managing LDR in line with the business and market dynamics whilst remaining in compliance
with the LDR limits set by the regulator.
d. Operate the Banks business with efficient operational costs.
e. Implementing business transformation aimed to enhance business model and operations to be
more efficient and effective.
f. Ensuring the Bank is in compliance with the prevailing laws and regulations and follow up on
external audit findings.
g. Improving the implementation of governance based on evalution toward Good Corporate
Govenance Self Assessment.
h. Monitoring of Corporate Social Responsibility programs through Danamon Peduli Foundation.

Board of Directors Performance Assessment The criterias used in assessing the

Procedures, Criteria and Performance performance of the Board of Directors are
Assessor based on the following:
a. Individual Assessment - Implementation of managing the Bank
Assessment of each member of the in accordance with the authority and
Board of Directors is carried out based on responsibility as set forth in the prevailing
achievement of the target and KPI (Key statutes and regulations.
Performance Indicator) agreed upon at the - Implementation of managing the
beginning of the year based on the duties Bank in the interests of the Bank and
and responsibilities of each member of the in accordance with the intent and
Board of Directors. KPI (Key Performance objectives of the Bank.
Indicator) of each member of the Board - Implementation of the principles of
of Directors is based on 4 (four) criterias, corporate governance in all business
namely: Financial, People, Process and activities of the Bank at all levels of the
Customer. The weights of assessment organization.
criteria differ from one director to another in - Compliance with the prevailing regulation
accordance with the duties and functions of and legislation and commitment to the
each. The assessment is conducted two (2) regulator.
times a year by the President Director. - Business growth by considering the
sustainability of the business, the
b. Collective assessment principle of prudence and good risk
Assessment of the Performance of Directors management.
as a whole is performed by the Nomination - Availability of data and information that
Committee. Nomination Committee refers to is complete, accurate, current and timely
the assessment criteria related to financial to the Board of Commissioners and
performance, the fulfillment of reserves, other stakeholders.
fairness, comparing with the peer group,
the significance of the results of the audit,
regulatory compliance, and consideration of
long-term goals and strategies of the Bank.

Opinion of the Board of Commissioners on the performance of the Board of

Directors
2014 was a year full of challenges for the banking industry mainly caused by the
slowing domestic economic growth, tight market liquidity, as well as the significant
decreased in demand for Indonesias main export commodities in the global market.
In the midst of the negative sentiment caused by the global situation and the lack
of domestic support, we appreciate and are satisfied with the performance of the
Board of Directors who has continually applied prudent principles in all aspects
of running the companys operations and business throughout the year 2014. The
approach and measures taken by the Board of Directors will certainly strengthen the
ability and readiness of the Bank in developing its business in a more appropriate
time in the coming years.
The total loan portfolio grew to Rp. 139 Trillion in which the Board of Directors
prioritized credit quality as reflected in the ratio of non-performing loans that were
relatively restrained and low. In terms of funding, the total deposits grew to Rp.
118 Trillion with the ratio of savings and demand deposits to total deposits (CASA
Ratio) improve at the level of 49%. Management also successfully manage the ratio
of total debt to total funding (LDR) at an ideal and balanced in level 92.6% with
reconsidering the dynamics of the markets and compliance with regulations.
Profit after tax in 2014 decreased compared to last year to Rp. 2.6 Trillion. The Board
of Commissioners realized the severity of the challenges faced, and we greatly
appreciate the initiatives for a more efficient and rational cost management done
by the Board of Directors amid declining margins experienced by the company.
It reflects the wisdom and the rapid response of the Board of Directors in dealing
with the situation. We also greatly appreciate the support and business model
transformation initiatives being undertaken by the Board of Directors and believes
that these initiative will be able to provide a significant contribution to the company.
With regard to capital, we believe that the Banks capital adequacy ratio is very
adequate where it is not apart of the planning and management of capital which is
excellent by the Board of Directors.
Corporate governance is an essential part in maintaining public trust and enhance

shareholders value. In this regard, the Board gave a high appreciation and is
very proud of the corporate governance practices implemented by the Board of
Directors during the year 2014. This is reflected in the awards received by the Bank
as the Best Company for Corporate Governance based on the assessment results
of Indonesian Institute for Corporate Directorship (IICD) referring to the ASEAN
Corporate Governance Scorecard. In addition, the Bank also won the Annual
Report Award which is the most prestigious award Annual Report in Indonesia.

Board of Directors Remuneration Policy

Indicators for Determining Board of Directors Remuneration
The remuneration of the Board of Directors is recommended by the Remuneration Committee
with reference to the remuneration principles of the Bank and assessment results of target (goal
setting) achievement, prevailing regulations, industry comparison, and the performance of the Bank.
Recommendations of the Committee is submitted to the Board of Commissioners for approval in
the AGM.
Procedure for Determining Board of Directors Remuneration

Remuneration of Directors setting process can be described as follows:
Remuneration Committee
Remuneration Committee collects information on

standards and industry remuneration for similar positions
in the market taking into account the performance of the
company. The Committee prepare recommendations to
the Board of Commissioners.
BoC
The Board of Commissioners assess the recommendations
of the Remuneration Committee and the proposed
remuneration of the Board of Commissioners to the GMS.
GMS
GMS sets the remuneration of the members of the

Board of Directors.
BoD Remuneration
Remuneration is distributed to each member of the Board
of Directors in accordance to resolution of GMS
Board of Directors Remuneration Structure

Each member of the Board of Directors receive remuneration package paid regularly, consisting of
Salary, Housing Allowance and Vehicle Allowance Vehicle, Christmas/Lebaran allowances, Leave
allowance, and performance bonus.
Remuneration and other facilities Members of Directors (in millions of Rupiah)

Type of 2014 2013 2012 2011 2010
Remuneration
No
and Other Nominal Person Nominal Person Nominal Person Nominal Person Nominal Person
Facilities
1 Salary and 54,256 9 58,423 11 32,703 12 33,301 12 35,411 11
Allowance
2 Tantiem * 33,481 9 54,563 11 36,960 12 32,066 12 34,731 11
3 LTCP * - 18,800 29,498 28,005 22,838
4 Other Benefits in the form of in kind (housing, transportation, health insurance and etc)
a. may be 3,315 9 3,587 11 3,664 12 3,739 12 3,600 11
owned
b. may not 6,505 9 6,824 11 7,134 12 7,363 12 7,200 11
be owned
Note:
Since 1 January 2013 payroll system has been changed into gross basis
* accrual

Members Remuneration of Directors Based Income Levels

Remuneration amount per person in
2014 2013 2012 2011 2010
1 year *
Above 2 billion 9 11 11 12 11
Above 1 billion up to 2 billion - - - - -
Above 500 million up to 1 billion - - - - -
Below 500 million - - - - -
Orientation Program for New Directors

Orientation program for new Directors is conducted to provide an understanding of the vision,
mission and values of Danamon, code of ethics, organizational structure, lines of business, Board of
Directors charter as well as banking rules and regulations. The orientation program is implemented
by providing an On-Boarding Pack and briefing in-person by the business units and other support
units. During 2014, there was no new member of the Board of Directors.
Training programs to increase Compentency of Members of Board of Directors

Danamon provides an opportunity for members of the Board of Directors to participate in various
trainings, certifications, workshops, and conferences in enhancing competence, professionalism
and knowledge on an ongoing basis.
During 2014, members of the Board of Directors have training, certification, workshops and
conferences as follows
Name Training/Conference/Seminar/Workshop Organizer Location Date
Henry RMB Future ABC Bank China China 25 Apr 2014
Ho Hon Global Financial Services Investor DB USA 27-29 May
Cheong Conference 2014
Emerging Markets Institute Workshop INSEAD Jakarta 2 Dec 2014
Muliadi Executive Compensation Seminar Tower Watson Jakarta 19 Feb 2014
Rahardja IBM Leadership Forum Ind IBM Jakarta 24 Apr 2014
Herry Basel 3 & The Basel Regulatory Framework BSMR Jakarta 10 & 11 Feb
Hykmanto 2014
4th Indonesia Trade & Commodity Finance GTR Jakarta 24 Apr 2014
Conference
Seminar Asbisindo IBEX (Indonesia ASBISINDO Jakarta 28 Aug 2014
Banking Expo )2014
ICC Banking Commission; Trade Finance ICC Istanbul, 3 6 Nov
Growth Engine For smes Turkey 2014
The 3rd Islamic Banking Seminar OJK-ASBISINDO Bandung 2 Dec 2014


Vera Eve Bank Capital Under Basel Conference Marcus Evans Singapore 21 Jan 2014
Lim Asian Financial Congress (AFS) 2014 IDC Financial Singapore 27 Feb 2014
Insights
17th Annual Credit Suisse Asian Investment Credit Suisse Hong Kong 26-17 Mar
Conference 2014
CLSA Asean Forum CLSA Bangkok 8 9 May
2014
CEO/CFO Forum: Future of Finance ACCA & British Jakarta 10 June 2014
Profession Chamber of
Commerce
Indonesia
Refreshment of Certification in Banking Risk The Risk Forum Jakarta 15 Aug 14
& Regulation School of
Finance
Investor Summit & Capital Market Expo OJK & IDX Jakarta 17 Sep 14
2014
RiskMinds Asia 2014, Singapore KPMG Singapore 18-19 Nov
14
Satinder OJK FKDKP Seminar Governance, Risk, OJK FKDKP Jakarta 15 4 2014
Ahluwalia Compliance Forum 2014
Integrated Risk Management Conference FFH Singapura 3-4 July 2014
Finance
International Seminar Befriending the LPS Jakarta 23 Sep 2014
Boom-Bust Cycle
Kanchan Refreshment of Certification in Banking Risk The Risk Forum Jakarta 15 Aug 2014
Keshav & Regulation School of
Nijasure Finance
Fransiska Danamon Sustainability Workshop Internal Jakarta 13 Jan 2014
Oei OJK Launch of the Corporate Governance OJK Jakarta 4 Feb 2014
RoadMap Corporate Governance
FATCA Implementation Assistance Internal Jakarta 18 Feb 2014
Legal Workshop Internal Jakarta 8 Apr 2014
OJK FKDKP Seminar Governance, Risk, OJK FKDKP Jakarta 15 Apr 2014
Compliance Forum 2014
OJK Forum Group Discussion, Kejahatan OJK Jakarta 13 May 2014
Perbankan Berbasis TI (Cyber Crime)
OJK Forum Group Discussion, GCG OJK Jakarta 20 May 2014
Terintegrasi
BI Signing & Suistainability Report BI Jakarta 26 May 2014
Seminar
Finance
IDX, Halal Bihalal & Workshop Economic IDX Jakarta 18 Aug 2014
Outlook Pasca Pemilu 2014
PERBANAS, Moderator IBEX 2014 Perbanas Jakarta 29 Aug 2014
FKDKP, Seminar Peraturan OJK FKDKP Jakarta 11 Sep 2014
Perlindungan Konsumen Sektor Jasa
Keuangan
OJK, Risk Governance Summit 2014 OJK Jakarta 18 Nov 2014
OJK, Moderator & Seminar Literasi OJK Bali 25 Nov 2014
Keuangan Perempuan & UMKM


Michellina Manchester United Partner Conference in Manchester Manchester 13 17 Mar
Laksmi Manchester United 2014
Triwardhany BAIN Digital Leaders Summit BAIN Singapore 21 Mar 2014
Finance
Manulife IVEY Leadership Program Manulife Singapore 13 14 Oct
2014
Pradip Indonesia Macro Outlook 2014 Bank of America Jakarta 24 Mar 2014
Chhadva Merrily Lynch
Indonesia Trade & Commodity Finance ICC Jakarta 24 Apr 2014
Conference
FFH Treasury and Capital Markets Fullerton Singapura 2 3 July
Conference 2014
Sibos Conference SWIFT USA 29 Sep 2
Oct 2014
Barclays Asia Forum 2014 Barclays Hong Hong Kong 5 6 Nov
Kong 2014
Directors Succession
Succession of Directors is made through Committees under the Board of Directors are
identifying potentital executive officers through as follows:
the Talent Review Program. Each member of 1. Human Resources Committee
the Board of Directors submits a minimum of 2. Risk Management Committee
2 (two) candidate successors for evaluation, 3. Asset & Liabilities Committee
competency and skill gaps are identified 4. Information Technology Steering Committee
and appropriate development programs are 5. Fraud Committee
developed. Successor candidates are grouped 6. Compliance Committee
in a talent inventory for recommendation to the 7. Operational Risk Management Committee
Nomination Committee. 8. Capital Management Committee
COMMITTEES UNDER THE BOARD OF Human Resources Committee

DIRECTORS Committee Structure and Membership
Danamon forms 8 (eight) Committees tasked Chaired by the Director of Human Resources in
to support the effectiveness of implementing which the members include:
the duties and responsibilities of the Board 1. President Director & Wholesale Banking
of Directors through the suggestions and 2. Director of Finance
recommendations used by the Board of 3. Director of Operation, SME, and
Directors as reference in making decisions. Microbusiness

4. Consumer Banking Director

5. Head of Human Resources Division
Duties and Responsibilities of the Committee

1. The primary responsibilities of the Human Resources Committee to provide strategic direction on
Human Resources, prepare general policies in Human Resources including their modifications,
which among others include these aspects:
Manpower.
Employee compensation and allowance.
Job assessment management.
Talent management.
Organization structure and position levels.
Training and development.
Development of corporate culture.
Creating a conducive working environment.
Development of relationship between employees and Danamon.
Aligning policies and synergy between human resources and subsidiaries.
Appointment of executive officers and succession planning.
2. Perform duties and responsibilities assigned by the Board of Director.
3. Present minutes of meeting to the Board of Director.
Human Resources Committee Meeting

Members of the Board of DirectorsAttendance in Committee Meetings
Attendance
Board of Director at HR Committee Meetings Attendance Level
(5 meetings)
Vera Eve Lim 5 100%
Michelllina Laksmi Triwardhany 5 100%
Actions Implemented by the Human Resources Committee in 2014

During 2014, the Human Resources Committee has conducted meetings with discussion topics
which cover:
1. Performance evaluation.
2. Direction for the performance assessment at the end of 2013, salary increase, and bonus.
3. Reviews on employee tax program.
4. Reviews on health insurance.
5. Program implementation on living allowance.
6. Reviews on joint annual leave in conjunction with Eid-al-Fitr festive season.
7. Reviews on Human Resources budget.

Risk Management Committee 5. Define the most suitable risk management

Struktur dan Keanggotaan Komite methodologies for managing the risks,
Chaired by the Director of Integrated Risks in build up the reserve through policies
which the members include: to accommodate the inherent potential
1. President Director and Wholesale Banking. risks and ensure the availability of post-
2. Director of Compliance. catastrophic restoration procedures.
3. Director of Operation, SME, and Micro 6. Monitor the development of procedures and
Business. risk strategies and provide recommendations
4. Director of Consumer Banking. to the Board of Directorsfor approval over
5. Director of Finance. the entire strategies, key policies, process
6. Director of Treasury and Capital Market. and system of risk management.
7. Director of Information Technology. 7. Review various credit portfolio, market
8. Director of Human Resources. liquidity, operational, and significant risks
and report to the Board of Directorsthrough
Duties and Responsibilities of the Committee risk profile and risk exposure of the Bank
1. Support the Board of Directorsin performing periodically.
their duties with regard to risk management. 8. Evaluate the implementation of risk
2. Define the plan, direction, policies, management process and perform
strategies of Danamon and its subsidiaries improvements which are in line with external
risk management. and internal changes which may affect
3. Ensure all Danamon activities are in line with the level of Danamons capital adequacy,
the prevailing rules and regulations. capital level of its subsidiaries, as well as its
4. Decide aspects concerning business risk profiles.
decisions which deviate from normal 9. Evaluate the risks of organization structure
procedures. in Danamon and its subsidiaries to ensure
that the process of risk management in line
with the organization development.
Risk Management Committee Meeting

Attendance
at Risk Management
Board of Director Attendance Level
Committee Meetings
(12 meetings)
Vera Eve Lim 8 67%

Actions Implemented by the Risk 3. Perform evaluation on market conditions

Management Committee in 2014 and their impacts on the conditions of Bank
During 2014, the Risk Management Committee liquidity, Net Interest Income, and capital
has conducted meetings with discussion topics as well as approve the most appropriate
which cover: actions.
1. Routine discussions: 4. Perform evaluation on the composition of
Headlines. financing and approve every modification on
Portfolio (bank level, wholesale, retail, strategy and alternative financing including
and micro business). new institutional/structural financing.
Operational risks, market, and liquidity. 5. Conduct reviews on liquidity strategy,
Portfolio per business unit. interest rate, and capital as proposed by
Credit rating. Treasury and Capital Market, and at the
Concentration of business units and same time monitor the implementation, by
industry portfolio. performing evaluation on a monthly basis
Securities. for the following aspects:
Bonds. Early warning indicators.
Debitors on watchlist. Latest movement on key components of
Risk dashboard. the balance sheet.
2. Specific Discussions: Improvement on Position and projection of the liquidity.
Danamon Saving and Loan documentation Deposit analysis.
system to accelerate the improvement of Monitoring on Contigency Funding Plan
credit quality. (CFP).
Updates on Professional Funding.
Assets and Liabilities Committee Discussions on Fund Transfer Pricing
Committee Structure and Membership (FTP).
Chaired by the Director of Treasury and Capital Evaluation on Available for Sale (AFS)
Market in which the members include: equities.
1. President Director and Wholesale Banking. Discussion on limits, targets, and
2. Director of Consumer Banking. indicators of market risks.
3. Director of Finance. Other issues relevant with Assets and
4. Director of Integrated Risk. Liabilities Committees (ALCO).
5. Director of Operation, SME, and Micro 6. Periodically, perform evaluations and
Business. approve the following aspects:
Policies on liquidity, interest rate risks
Duties and Responsibilities of the Committee on the balance sheet and Fund Transfer
1. Define the scope of work of the Committee, Pricing (FTP).
meeting procedures, work process, and the Policies on Contigency Funding Plan
formation of sub-committees to support the (CFP).
committee. Assumptions and liquidity stress tests.
2. Decide on the policies and directions Provide recommendations to the Board
on liquidity, interest risks, and capital of Commisioner all limits/targets/
management at the Bank and its subsidiaries triggers including AFS equities related
which reflect the adequacy of liquidity and to the balance sheet. The Board of
capital, stable and diversified financing by Commissionersis responsible to give
complying to the prevailing regulations. approvals for limits set up by Assets-
Liabilities Committee (ALCO).
Core calculation for interst rate and
liquidity.
Provide recommendations to the Board of Commissionersall corrective action plans in case

of excess threshold/trigger related to the Balance Sheet.
Assets and Liabilities Committee Meeting

Attendance
at Assets-Liabilities Attendance
Board of Director
Committee Meetings Level
(11 meetings)
Vera Eve Lim 8 73%
Actions Implemented by the Assets- along with the prerequisite human resources
Liabilities Committee in 2014 and finance. Evaluate and approve the
During 2014, the Assets-Liabilities Committee modifications in this department in line with
(ALCO) has conducted meetings which cover the group requirements.
the following discussion topics: 2. Prepare IT policies such as security policies
1. Loan to Deposit Ratio (LDR) management. and IT risks management policies.
2. Fund Transfer Pricing (FTP) management. 3. Ensure that IT projects and IT strategic plans
3. Reviews on the limit of market risks. are in harmony and ensure the priorities.
4. Liquidity management of USD/IDR. 4. Periodically review the indicators of group
5. Balance Sheet management. production system service level including
6. Management of Professional Financing. the effectiveness of security policies,
7. Reviews on Available for Sale (AFS) equities dealing with the issues, and recommend the
and Mark to Market (MTM). improvements.
8. Contingency Funding Plan (CFP) monitoring. 5. Review and approve CAPEX investments
9. Economic market review. within the context of strategy, blueprint,
10. Outlook review. priorities, and group IT roadmap. Define and
implement the approval of CAPEX, PAM,
Information Technology Steering Committee and OPEX IT guidelines thus consistent with
Committee Structure and Membership the procurement policies.
Chaired by the Director of Information 6. Monitor the development of core IT Group
Technology in which the members include: projects through the directions provided
1. President Director and Wholesale Banking. by each of the member of Information
2. Director of Finance. Technology Project Steering Committee,
3. Director of Operation, SME, and Micro dealing with each issue, and recommend
Business. possible improvements. Such improvement
4. Director of Consumer Banking. will then be implemented by project teams.
7. Review the effectiveness of Risk
Duties and Responsibilities of the Committee Mitigation Plan over the implementation
1. In conjunction with the group business of IT investments in addition to ensure the
strategic plan, periodically review the contribution of the investment toward the
strategy of group IT, including the roadmap group business.

8. Ensure the allocation of appropriate and efficient IT resources. In case of requirements to use
third party to support project implementation, Information Technology Steering Committee
should ensure the availability of policies and procedures of selecting and appointing the third
party in conjunction with project implementation.
9. Routinely review the benefits provided by IT Group projects to various business units and
supporting functions.
10. Routinely review OPEX and CAPEX of IT Group.
11. Define and implement IT initiatives including the management of information system required in
order to support group business.
12. Conduct self-assessment at the minimum on annual basis in order to determine the effective
functions of Information Technology Steering Committee.
13. Perform other duties and responsibilities assigned by the Board of Directorsfrom time to time.
Information Technology Steering Committee Meeting

Attendance
at Information Technology
Steering Committee Meetings
(3 meetings)
Vera Eve Lim 2 67%
Actions Implemented by the Information Technology Steering Committee in 2014

During 2014, the Information Technology Steering Committee has conducted meetings which cover
the following discussion topics:
1. Approval for Project Rule Based Engine.
2. Approval for Project Wholesale Internet Banking.
3. Approval for Project Bankwide Middleware.
Fraud Committee
Danamon has established a Fraud Committee at the Head Office and Regional level. The Fraud
Committee manages violations with a nominal over Rp 1,000,000,000 including material and
operational risks. Meanwhile, the Fraud Committee on the regional level addresses frauds with a
nominal value of Rp 10,000,000 and up to Rp 1,000,000,000. The Fraud Committee at the head
office and regional levels are as follow:
Fraud Committee (Head Office)

The Fraud Committee at the Head Office is chaired by the Director of Compliance in which the
members include:
1. Director of Integrated Risk.
2. Director of Operation, SME, and Micro Business.

3. Head of Internal Audit Unit.

4. Head of Human Resources Division.
5. Head of Fraud Investigation Unit.
6. Director/Head of Relevant Business Line.
Fraud Committee (Regional)

The Fraud Committee at the Regional Office is chaired by the Regional Corporate Officer in supported
by a Secretary that is the Head of Regional Human Resources in which the members include:
1. Regional Transaction Service Head.
2. Regional Transaction Service Manager.
3. Relevant Regiona Segment Head.

1. Decide the appropriate disciplinary action for each Danamon employee engaged in or involved
in fraud activities by taking into account Danamons regulations, Collective Labor Agreement
(CLA), as well as Code of Ethics and Danamons Cultural Values in performing their duties.
2. Decide the work process and existing control to take preventive as well as remedial actions
necessary to avoid the potential fraud.
Fraud Committee Meeting

Attendance
Board of Director at Fraud Committee Meetings Attendance Level
(6 meetings)
Actions Implemented by the Fraud Committee in 2014

During 2014, the Fraud Committee has conducted meetings which cover the following discussion
topics:
1. Making a decision on the appropriate disciplinary action toward fraud cases taking places during
2014.
2. Ensure that the disciplinary action imposed are in line with the existing regulations.

Compliance Committee
Committee Structure and Membership
Chaired by the Director of Compliance in which the members include:
1. Director of Integrated Risk.
2. Head of Internal Audit Unit.
3. Head of Compliance Unit.
4. Head of Know Your Customer Unit.

5. Head of Credit Risk Management.

6. Head of Operational Risk Management and Fraud.

1. Review Danamons compliances framework in order to monitor the level of compliances toward
the prevailing laws and regulations.
2. Review and evaluate the audit results performed by external parties such as Bank Indonesia,
Financial Services Authority, and other relevant parties.
3. Carry out monitoring toward the implementation of corrective steps and ensure Danamons
compliance toward the prevailing laws and regulations in the banking industries.
Compliance Committee Meeting

Attendance
at Compliance Committee
Meetings
(2 meetings)
Actions Implemented by the Compliance Committee in 2014

During 2014, the Compliance Committee has conducted meetings which cover the following
discussion topics:
1. Reviews on the implementation of Consumer Protection.
2. Issues on Debitor Information System and follow-up actions.
3. Fulfillment of Foreign Account Tax Compliance Act (FATCA).
4. Refinement of internal control process.
Operational Risk Management Committee

Chaired by the Director of Integrated Risk in which the members include:
1. President Director and Wholesale Banking.
3. Director of Finance.
4. Director of Treasury and Capital Market.
5. Director of Consumer Banking.
6. Director of Compliances.
7. Director of Syariah Banking.
8. Head of Human Resources Division.

1. Approve the framework, strategy, and methodology of Operation Risk Management (ORM) for
operational risks.
2. Approve the tools and ORM operational techniques in general.
3. Approve the proposed action in order to restore the failures of significant operational system.
4. Monitor the development of ORM core project and issues related to incidents which carry a
significant operational risks.

5. Provide feedback on the steps of managing an operational incident to the Board of Directorsthrough
Risk Management Committee.
6. Review the effectivenss of ORM framework implementation.
7. Assess the impacts which are relevant with the reputation and identified opeartional risks.
8. Review significant operational loss and trend analysis as well as causative factor in order to
determine the potential of preventive action.
9. Renew/Update the rules/regulations of Bank Indonesia as well as other regulations relevant to
Risk Management and their consequences.
10. Approve the decision which is bankwide in nature relevant to the operational risks issues/
incidents.
Operational Risk Management Committee Meeting

Attendance
at Operational Risk
Management Meetings
(5 meetings)
Vera Eve Lim 4 80%
Actions Implemented by the Operational Risk Management Committee in 2014

During 2014, the Operational Risk Management Committee has conducted meetings which cover
the following discussion topics:
- Policy Hierarchy Implementation.
- BDI Anti Fraud Video Show.
- Business Continuity Management (BCM) Attestation Report.
- Deviation Monitoring Report.
- Counterfeit Case ATM Debit Card.
- Restorative and Corrective Actions with regard to fraud case in BDIs Sultan Agung Branch,
Semarang.
- CIMB Niaga Fraud Case.
- Data Leakage Prevention.

Capital Management Committee
Chaired by the Director of Integrated Risk and Director of Finance supported by a Secretary which
is the Head of Financial Planning and Project Division in which the members include:
1. President Director and Wholesale Banking.
2. Director of Treasury and Capital Market.
4. Head of Risk Modelling and Quantitative Techniques Department.


1. Responsible to ensure that the Bank complies to ICAAP conditions of Bank Indonesia. The
committee is also responsible to encourage the Bank to implement relevant best practices.
2. Ensure that the policies of capital management are regularly updated and approved by the Board
of Directorsand Board of Commissioner.
3. Monitor the implementation of Risk Appetite Statement approved by the Board of Commisioner
as well as monitor and report compliances toward the preset limit/threshold.
4. Ensure that the Bank keeps process and procedures to identify, measure, and report material
risks and the implemented approach in order to determine the capital requirements, if any.
5. Ensure that the Bank holds not only adequate capital to fullfill the current conditions but also for
the capital needs based on internal calculation in order to ensure the continuity of bank capital
adequacy.
6. Ensure that the capital position is routinely reported to the Board of Directorsand Board of
Commissionershence necessary actions may be proceeded when required.
7. Identify the necessary process to measure capital adequacy and to form and renew the plan for
bank capital. The Committee shall also be able to identify the potential of capital shortage thus
the capital planning may be activated in line with the approval of the Board of Commissioner.
Capital Management Committee Meeting

Attendance
Board of Director at Capital Management Meetings Attendance Level
(3 meetings)
Henry Ho Hon Cheong - -
Vera Eve Lim 3 100%
Actions Implemented by the Capital Management Committee in 2014

During 2014, the Capital Management Committee has conducted meetings which cover the
following discussion topics:
Ensure that the Bank holds not only adequate capital to meet current conditions but also ensure
the continuity of bank capital adequacy based on internal calculation.
Monitor the implementation of Risk Appetite Statement.
The impact on the latest issuance of Financial Services Authority regulations relevant to bank
capital.
BOARD OF DIRECTORS, BOARD OF COMMISSIONERS AND MAJOR SHAREHOLDER

AFFILIATE TRANSACTION RELATIONS
Transactions with affiliated parties is based on the policy on affiliate relationships and affiliated party
transactions. This policy ensures that the process of affiliate transactions are carried out by normal
commercial terms and on arms length basis and not detrimental to the interests of the Bank and the
minority shareholders.

Each member of the Board of Commissioners Affiliate relationships between members of the
and Board of Directors are required to disclose Board of Directors, Board of Commissioners
any planned affiliated transactions both by and the Controlling Shareholders are disclosed
themselves and their families to the Corporate in the table on financial and family relations
Secretary. Planned material transactions will be on the Board of Commissioners and Board of
assessed by the Director of Compliance and Directors in this corporate governance report.
subsequently reported to the Audit Committee.
CORPORATE SECRETARY
Member of the Board of Directors, member Corporate Secretary has an important role in
of the Board of Commissioners, and/or nurturing good communication between the
shareholders of the Bank who are involved Bank and the Shareholders as well as other
in the Affiliated Party Transactions which Stakeholders. The function of the Corporate
have a potential conflict of interest with the Secretary is to ensure the dissemination of
specified amount must be reported to the information of the Bank in timely and accurate
Corporate Secretary with a copy to Director manner to all Stakeholders.
of Compliance. In the event of a Conflict of
Interest, member of the Board of Directors Corporate Secretary is responsible to the Board
and Commissioners concerned shall abstain of Directors on issues related to governance
from the review process and approval of the and the Banks compliance on the prevailing
transaction. regulations and legislations, in particular
regulatios of capital market, banking and social
Affiliate relationships between members of activities.
the Board of Directors with other members
of the Board of Directors, members of the Corporate Secretary of the Bank is responsible
Board of Commissioners, Main Shareholders for matters relating to information transparency
and/or Controller including availability of information on the
All members of the Board of Directors of the website, reports submission to the FSA,
Bank does not have an affiliate relationship organizing and documenting the General
with the Other Board members, members of Shareholder meetings, Board of Commissioners
the Board of Commissioners and the major and Directors meetings, monitoring and
shareholders and/or controllers. ensuring compliance of the prevailing capital
market regulations.
Affiliate relationships between members of
the Board of Commissioners with members
of the Board of Commissioners and Major
Shareholder and/or Controller
All members of the Board of Commissioners
has no affiliation with members of the Board
of Commissioners. There are three (3) Non
Independent Commissioner who has a financial
relationship with a controlling shareholder,
namely: Ng Kee Choe, Gan Chee Yen and
Ernest Wong Yuen Weng.

Struktur Organisasi Sekretaris Perusahaan
Director
Corporate Secretary
Corporate Action & Government Relation & Corporate Custody

Policy & Reporting
Stakeholder Management Bureau Management Documents & Assets
Profile Corporate Secretary

Corporate Secretary of the Bank currently held by Fransiska Oei Lan Siem, a member of the Board
of Directors of the Bank with the following position is profile:
Fransiska Oei Lan Siem. Indonesian Citizen. 57 years. Graduated

Bachelor of Law from Trisakti University, Jakarta, was appointed as a
Director of the Bank since May 2009 and reappointed as Director in the
Annual General Meeting on May 7, 2014. Fransiska began her career in
PT Ficorinvest as Head of Legal (1982-1984). Joined Citibank N.A. year
1984-1997 and 1998-2000 and held various positions. Her last position at
Citibank N.A. was as Chief of Staff and Director of Compliance. Between
February 2005 to 2009, Fransiska was appointed as Director of PT Bank
Internasional Indonesia Tbk (BII) where previously she served as the Legal
Advisor and Compliance of BII (2004-2005) and Managing Director/BII
Fransiska Oei Lan Siem Management Team (2000-2001). She also served as Commissioner of PT
Corporate Secretary Bank Mandiri Tbk (2004-2005) and as the Founder and Senior Partner at
LBAF Law Firm (2002-2004).
Corporate Secretary Training Program

During 2014, the Corpoate Secretary has attended training program as follows:
- Danamon Sustainability Workshop
- FSA Launch of the Corporate Governance Corporate Governance Roadmap
- FATCA Implementation Assistance
- FSA - FKDKP Seminar on Governance, Risk, Compliance Forum 2014
- FSA - Group Discussion, IT-Based Banking Crime (Cyber Crime)
- FSA - Group Discussion, GCG Integrated
- BI - Signing & Suistainability Report Seminar
- BSMR, Refreshment
- PERBANAS, Moderator IBEX 2014
- FKDKP, Seminar FSA Rules - Consumer Protection Financial Services Sector
- FSA, Risk Governance Summit 2014
- FSA, Moderator & Seminar Womens Financial Literacy and SMEs
Task Implementation of Corporate Secretary - Assessing the page (website) Danamon

During 2014, the Banks Corporate Secretary and provide input information that must be
activities, among others: disclosed to the public.
- Attending a meeting of the Board of - Following the development of the capital
Commissioners and Board of Directors on market in particular related to the regulation
a regular basis and prepare the minutes of capital markets and convey information
related meetings. about these developments to the Board of
- Organizing the AGM and manage openness Commissioners, Directors and stakeholders
and manner of payment of dividends Danamon.
Danamon. - Implementing information disclosure in
- Setting up a replacement policy related accordance with the prevailing rules and
to the implementation of corporate regulations.
governance included in this policy on
affiliate transactions and related party list. List of Transparency of the Bank Information
- Preparing recommendations on manual Danamon periodically submit information or
changes to work rules committee at the statements in an effort to meet the requirements
Board of Commissioners and Board of of disclosure of information, among others:
Directors relating to the implementation of
corporate governance.
Day Addressed
Subject Reference
and Date to
07 January 2014 Monthly Register of Item III.3.4 and III.3.5 Decisicon of the Board of BEI
Securities Holders Directors of PT Bursa Efek Jakarta, number : Kep
BDMN, by the end of 306/BEJ/07-2004, regarding Regulation Number
December 2013 I-E of Information Disclosure Requirement.
07 January 2014 Debt Data/Reports Letter from FSA No.S-30/PM.2/2013 dated 7 OJK
Company obligations February 2013 regarding Data Inquiry of Debt/
in foreign currency Liabilities in Foreign Currency juncto Letter of
Bapepam & LK No.S-13264/B/2012
dated 14 November 2012 junto Circular Letter
No.SE-02/BI/2009 dated 10 March 2009
regarding Data Report of Companys Debt/
Liabilities in foreign currencies.
15 January 2014 Information Number 1 OJK Regulation Number X.M.1 about OJK &
Disclosure Of Certain Information Disclosure for Spesific Shareholder BEI
Shareholders- Mr.Ali
Yong
27 January 2014 Changes in OJK regulations No. IX. 1.5 about the implementing OJK &
Composition of the Guidelines on the establishment and Work of the BEI
Audit Committee Audit Committee
BDMN
29 January 2014 Changes in the Item V Decision Directors Jakarta Stock Exchange BEI
Composition of the No. Kep-306 / BEJ / 07-2004 About Rule Number
Audit Committee IE Delivery Information Obligations
BDMN
07 February 2014 Debt Data/Reports OJK letter No. S-30 / PM.2 / 2013 dated OJK
Company obligations February 7, 2013 regarding the Request Data
in foreign currency Debt / Liabilities in Foreign Currency Bapepam &
LK jo Letter No. S-13 264 / B / 2012 dated 14
November 2012 in conjunction with Circular No.SE
-02 / BI / 2009 dated March 10, 2009 regarding
Report Data Debt / Liabilities in Foreign Currencies.
Day Addressed
Subject Reference
and Date to
07 February 2014 Submission Materials Item V Decision Directors Jakarta Stock Exchange BEI
of Public Expose No. Kep-306 / BEJ / 07-2004 About Rule Number
IE Delivery Information Obligations
10 February 2014 Monthly Report of Items III. 3.4 and 3.5 III. decision of the Board of BEI
Securities Holders Directors of PT Jakarta Stock Exchange number:
BDMN Registration Kep-306/BEJ/07-2004 About rule number I-E About
the obligation of delivery Information
11 February 2014 Resignation of OJK regulations No. IX. j. 1 about Staple Staple OJK
Directors Member- Bpk articles of Association
Ali Yong
13 February 2014 Submission of Annual OJK Regulation No. XK1 on Disclosure of OJK
Report audited per 31 Information that must be made Public and FSA
December 2013 Regulation No. XK2 on Submission of Periodic
Financial Statements for Public Listed Company.
13 February 2014 Submission of Annual Item III.1.1.1. Decision of the Board of Directors BEI
Report audited per 31 Jakarta Stock Exchange No. Kep-306 / BEJ / 07-
December 2013 2004 About Rule Number IE Delivery Information
Obligations
14 February 2014 Material Submitted for Board of Directors Decision V PT Jakarta Stock BEI
Public Expose BDMN Exchange number: Kep-306/BEJ/07-2004 About
rule number I-E About the obligation of Delivery
Information
19 February 2014 Information Number 1 OJK Regulation Number X.M.1 about OJK &
Shareholders Mr Ali
Yong
25 February 2014 Information Disclosure Means of Electronic Reporting Issuer (E-Reporting) BEI
Interest Payments Of Form E029 - Coupon Payment
Bonds Seri II-A to 13
25 February 2014 Information Number 1 OJK Regulation Number X.M.1 about OJK &
Shareholders Mr Ali
Yong
05 March 2014 Monthly Report Items III. 3.4 and 3.5 III. decision of the Board of BEI
Registration of Directors of PT Jakarta Stock Exchange number:
Securities Holders Kep-306/BEJ/07-2004 About rule number I-E About
BDMN, the end of the obligation of delivery Information
Feruary 2014
08 March 2014 Debt Data/Reports OJK Letter No. S-30 / PM.2 / 2013 dated OJK
Report Data Debt / Liabilities in Foreign Currencies
10 March 2014 Effective Date of OJK Regulation No. XK1 on Disclosure of OJK
Resignation of Information that must be made Public and No.IX.J.1
Directors Member FSA Regulations regarding Principal Articles of
Association
20 March 2014 Implementation OJK Regulation No. XK1 on Disclosure of OJK
General Meeting of Information that must be made Public and No.IX.J.1
Shareholders (AGM) FSA Regulations regarding Principal Articles of
BDMN Association

Day Addressed
Subject Reference
and Date to
28 March 2014 Submission Of Ads Regulation No. I - E point IV.5 on Obligation of BEI
Calling General Information Submission as Attachment Decision
Meetings Of Directors. Stock Exchange No. Kep - 306 / BEJ /
Shareholders 07-2004
OJK Regulation No. IX.I.1 Implementation Plan and OJK
the General Meeting of Shareholders and the FSA
Regulation No. XK1 on Disclosure of Information To
Be Announced to Public
03 April 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of BEI
BDMN, by the end of Kep-306/BEJ/07-2004 About rule number I-E About
March 2014BDMN the obligation of delivery Information
Report Monthly
Register of Securities
Holders, by the end of
March 2014
08 April 2014 Debt Data/Reports OJK Letter No. S-30 / PM.2 / 2013 dated OJK
Debt Data Report/ Liabilities in Foreign Currencies
14 April 2014 Submission Of Ads Item VI.5 No.IE Regulations concerning the BEI
Calling General Obligation to Submit Information as Appendix
Meetings Of Decision Directors Jakarta Stock Exchange No. Kep-
Shareholders 306 / BEJ / 07-2004
OJK Regulation No. IX.I.1 Implementation Plan and OJK
the General Meeting of Shareholders and the FSA
Regulation No. XK1 on Disclosure of Information To
Be Announced to Public
15 April 2014 Submission of Annual Item III.2. of the Annual Report (Annual Report) BEI
Report 2013 Decision of the Board of Directors JSX No. Kep-306
/ BEJ / 07-2004 dated 19 July 2004 of Regulation
No. IE-related Obligation to Submit Information
OJK Regulation No. VIII.G. 2 about annual report. OJK
15 April 2014 Ad Submission of Bank Indonesia Regulation (PBI) 3/22 / PBI / BEI &
Financial Statements 2001 dated December 13, 2001 on Transparency OJK
Asia Financial Pte, Ltd of Financial Condition as amended by Regulation
14/14 / PBI / 2012 dated October 18, 2012 on
transparency and publication of Bank Statements.
17 April 2014 Submission of OJK Regulation No.XK1 on Disclosure of OJK
Quarterly Financial Information that must be made Public.
Statements Interm I OJK Regulation No. XK2 on Obligation to Submit
(Unaudited) Periodic Financial Statements.
as at March 31, 2014
and Submission of
Statements Ad BDMN
and Subsidiaries for
the period ended
March 31, 2014

Day Addressed
Subject Reference
and Date to
17 April 2014 Submission Checklist Circular Letter of the Chairman of Bapepam & OJK
Interim Financial LK No.SE-17 / BL / 2012 dated December 21,
Statements are not 2012 regarding use of the Checklist of Financial
audited by March 31, Statements for all types of industry in Indonesia and
2014 PT BDI the Capital Market Regulation No. VIII.G.7 FSA,
Presentation and Disclosure of Financial Statements
or Public Company.
17 April 2014 Monthly Register of Figures III.I.6.3 Regulation No. IE on the Obligation BEI
Securities Holders to Submit Information Appendix Decision Directors
BDMN, unaudited by Foam Jakarta No. Kep-306 / BEJ / 2007-2004
per march 2014 dated July 19, 2004.
05 May 2014 Monthly Register of items III. 3.4 and 3.5 III. decision of the Board of BEI
april 2014 the obligation of delivery Information
09 May 2014 Debt Data/Reports OJK letter No. S-30/PM 2/2013 on 7 February OJK
Company obligations 2013 subject Request Data Debt/Liabilities in
in foreign currency foreign currency jo a letter of Bapepam & LK No.
S-13264/B/2012 on 14 November 2012 jo
Circulars No.SE-02/BI/2009 dated March 10,
2009 regarding Report Debt/Liability the company
Data In foreign exchange
2 June 2014 Information disclosure Securities Listing Regulations Appendix Decision BEI
on Corporate of the Board of Directors No.IA Jakarta Stock
Secretary PT Bank Exchange 305 / BEJ / 07-2004 dated 19 July
Danamon Indonesia, 2004 on Registration of shares and Equity Securities
Tbk other than shares issued by the Listed Company and
Securities Listing Regulations Appendix Decision
No.IE Dieksi JSX No. Kep-306 / BEJ / 07-2004
dated July 19, 2014 on the Obligation to Submit
information.
OJK regulations No. IX. I. 4. on the establishment OJK
of the Corporate Secretary and no. X.K. I about
information disclosure that must be immediately
Announced to the public.
02 June 2014 Information disclosure Meet OJK Regulations No. IX. i. 5 about OJK
on Audit Commitee the establishment and implementation of the BEI
PT Bank Danamon Employment Guidelines of the Audit Committee.
Indonesia, Tbk
02 June 2014 Submission Disclosure As stipulated in the Regulation No.IX.E.1 Attachment OJK
Public note. Decision of the Chairman of Bapepam & LK No. BEI
Kep-412 / BL / 2009 dated 25 November 2009
on Affiliate Transactions and Conflicts of Interest in
Certain Transactions.
05 June 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of BEI
BDMN, at the end of Kep-306/BEJ/07-2004 About rule number I-E About
May 2014 the obligation of delivery Information

Day Addressed
Subject Reference
and Date to
09 June 2014 Debt Data/Reports OJK letter No. S-30 / PM.2 / 2013 dated OJK
03 July 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of BEI
BDMN, at the end of Kep-306/BEJ/07-2004 About rule number I-E About
June 2014 the obligation of delivery Information
07 July 2014 Debt Data/Reports OJK letter No. S-30 / PM.2 / 2013 dated OJK
18 July 2014 Submission of Interim OJK regulations No.XK1 on Disclosure of OJK
Financial unaudited Information that must be made Public.
per June 30, 2014 OJK Regulation No. XK2 on Obligation to Submit
PT BDI Tbk, and Periodic Financial Statements.
Submission of
Statements Ad BDMN
the period ended June
30, 2014
18 July 2014 Submission of Figures III.I.6.3 Regulation No. IE on the Obligation BEI
Interim Financial to Submit Information Appendix Decision Directors
Statements BDMN and Foam Jakarta No. Kep-306 / BEJ / 2007-2004
subsidiaries are not dated July 19, 2004.
audited by June 30,
2014 and Submission
of Consolidated
Financial Statements
Ad BDMN and
Subsidiaries for the
period ended June 30,
2014
18 July 2014 Submission Checklist Circular Letter of the Chairman of Bapepam & OJK
of disclosure of LK No.SE-17 / BL / 2012 dated December 21,
financial statements 2012 regarding use of the Checklist of Financial
Unaudited Semiannual Statements for all types of industry in Indonesia and
(Unaudited) 30 June the Capital Market Regulation No. VIII.G.7 FSA,
2014, BDI Tbk Presentation and Disclosure of Financial Statements
or Public Company.
11 August 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of BEI

Day Addressed
Subject Reference
and Date to
11 August 2014 Reports on the rating of OJK regulation (ex Bapepam & LK) IX.C.11 Number OJK
debt securities II series of Ratings on debt securities and Rule Number IE BEI
B bonds in 2010 challenge obligation to deliver information that is
attachment of directors decision JSX No. Kep-306 /
BEJ / 07-2004 dated July 19, 2004
15 August 2014 A decision on the Rule Number XK1 attachment decision Bapepam BEI
appointment of chairman nomr kep 86 / PM / 1996 dated January OJK
members of the Board 24, 1996 on the disclosure of information which
of Commissioners of must soon be made public.
PT Bank Danamon
Indonesia, Tbk. (the
Company)
3 September 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of BEI
3 September 2014 Changes in Regulation of the Financial Services Authority BEI
Composition of the No. IX.1.5 on the Formation and Implementation OJK
Audit Committee of Guidance Committee
PT Bank Danamon
Company)
9 September 2014 Debt Data/Reports OJK letter No. S-30 / PM.2 / 2013 dated OJK
16 September 2014 Decision on the Regulation of the Financial Services Authority OJK
appointment of (ex-Bapepam & LK) Number IXJ1 Jo provisions of
members of the Board Articles of Association of the Company.
of Commissioners of
PT Bank Danamon
company)
17 September 2014 The resignation of OJK Regulation No. XK1 on Disclosure of OJK
members of the Board Information that must be made Public and No.IX.J.1
of Directors of PT Bank FSA Regulations regarding Principal Articles of
Danamon Indonesia, Association
Tbk. (the Company)
- Bp. Khoe Minhari
Handikusuma
30 September 2014 Disclosure of Temasek Comply with Bank Indonesia No.14 / 14 / PBI / OJK
Review 2012, dated October 18, 2012 on transparency
and publication of reports Bank of Article 22
02 October 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of BEI

Day Addressed
Subject Reference
and Date to
08 October 2014 Debt Data/Reports OJK letter No. S-30 / PM.2 / 2013 dated OJK
17 October 2014 Submission of Interim Peraturan OJK No.X.K.1. tentang Keterbukaan OJK
Financial unaudited Informasi Yang Harus Segera Diumumkan Kepada
per 30 September Publik.
2014 PT BDI Tbk, Peraturan OJK Nomor X.K.2 tentang Kewajiban
and Submission Penyampaian Laporan Keuangan Berkala.
of Consolidated
Financial Statements
Advertising BDMN
the period ended 30
September 2014
17 October 2014 Submission of Interim Figures III.I.6.3 Regulation No. IE on the Obligation BEI
Fianancial Report to Submit Information Appendix Decision Directors
BDMN unaudited per Foam Jakarta No. Kep-306 / BEJ / 2007-2004
30 september 2014 dated July 19, 2004.
and submission of
advertising financial
consolidated report
Danamon and
subsidiaries per 30
september 2014
17 October 2014 Submission of Annual Circular Letter of the Chairman of Bapepam & OJK
Financial Report LK No.SE-17 / BL / 2012 dated December 21,
unaudited per 30 2012 regarding use of the Checklist of Financial
September Statements for all types of industry in Indonesia and
the Capital Market Regulation No. VIII.G.7 FSA,
Presentation and Disclosure of Financial Statements
or Public Company.
28 October 2014 Submission Disclosure Meet the provisions in item I Rule Number XM1 OJK
Public note. attachment Decision of the Chairman of the Capital
Market Supervisory Agency (Bapepam) No. Kep-82
/ PM / 1996 dated 17 January 1996 regarding
Disclosure Certain Shareholders.
30 October 2014 Submission Disclosure Meet the provisions in item I Rule Number XM1 OJK
Public note. attachment Decision of the Chairman of the Capital
04 November 2014 Monthly Register of Items III. 3.4 and 3.5 III. decision of the Board of OJK
October 2014 the obligation of delivery Information

Day Addressed
Subject Reference
and Date to
10 November 2014 Debt Data/Reports OJK letter No. S-30 / PM.2 / 2013 dated BEI
12 November 2014 Submission Disclosure Meet the provisions in item I Rule Number XM1 OJK &
Public note. attachment Decision of the Chairman of the Capital BEI
14 November 2014 Reports on the rating of OJK Regulations (ex Bapepam & LK) No. IX.C. 11 OJK &
debt securities II series about top securities and rule number I-E obligation BEI
B bonds in 2010 of delivery of information concerning the attachment
of decision of Board of Directors of PT JSE Number
Kep-306/BEJ/07-2004 dated 19 July 2004
COMPLIANCE FUNCTION
As a banking and financial service institution Compliance Unit as the second line of
and being part of the financial services defense is independent in monitoring and
commnity, Danamon is committed to take an evaluating the compliance of the Bank as
active role in creating, growing and maintaining well as disseminating, coordinating and
a sustainable financial services sector. The advising to enable first-line activities to
Bank is also committed to comply with operate in accordance with all regulations.
various banking rules, regulations and adhere Internal Audit Unit is the third line of
to the prudent principles through continuous defense tasked to monitor through the audit
enhancement of its compliance function. process, to ensure accuracy, compliance
risk management undertaken by the first
Compliance function is an important part and second line.
of the corporate governance structure and
Danamons risk management framework. Compliance Unit Organization
Implementation of the compliance function In implementating the compliance function
include actions in achieving compliance and compliance risk management, Director
culture, managing compliance risk, ensuring of Compliance is assisted by the Compliance
policies and Danamons business activities are Unit.
in compliance with all regulations and ensuring
the Danamons commitment to regulators. Compliance Director has the authority to
prevent the implementation of a policy and/
Danamons compliance risk management or decisions set by the Board of Directors
in general is applied in accordance with the which deviate from the regulations. Preventive
Banks Enterprise Risk Management Policy measures may be carried out by review
embeddng a three lines of defense scheme, process, discussion and compliance tests on
which consists of: policies and/or decision taken by Board of
Business unit or operational as a first line Directors.
of defense has an important role in the
identification, control and mitigation of risks
in its business activities/operations.

The Compliance Unit was established as an independent working unit that is free from the influence
of other working units. The Compliance Unit has clear duties and responsibilities and has free
access to and is responsible directly to the Director of Compliance.
As per December 31, 2014, Compliance Unit is supported by 21 staff (including the Head of
Compliance Unit) with the majority of having tenure in the banking sector for over 5 years. Compliance
Unit staff are risk management certifified in accordance with the positions held.
Compliance Unit Organization Structure

Director
Pey Fang Ong

Compliance Head
Compliance Compliance Compliance

Compliance Compliance IT Compliance Compliance
Consumer, Investment, Regulatory,
HR, Syariah & Liabilities & Operation & TCM, FI &
Subsidiaries & Report & CFO & Branch
SMEC Banc assurance SEMM Corporate
Trade Finance Assurance Network
The Duties and responsibilities of Compliance Unit 2014
Promoting Compliance Culture

Compliance culture is the basis for work ethic for all levels of organization at Danamon. Strengthening
a compliance culture is conducted through continous socialization and provision of information on
regulations, avaibility of compliance training through e-learning, consultative functions related to
Danamons business activities and the implementation of compliance self-assessment (Regulatory
Compliance Self Assessment).
Compliance Risk Management

Compliance risk management is carried out through a process of identifying, measuring, monitoring
and controlling compliance risks by reviewing the funding policies and activities, the provision of
funds and other services activities. The processes are applied in order to detect potential compliance
risks. An assessment of the compliance risk and quality of risk management is conducted regularly
as part of banks risk assesment as outlined in the Banks Risk Profile Report.
In an effort to mitigate and control potential and existing compliance risks, Compliance Unit cordinate
with related Operations Units, the Risk Management Unit and the Internal Audit Unit through
discussions. Discussion related to compliance risk is also carried out through the Compliance
Committee meetings.

Ensuring Compliance and Maintain Commitments

As a preventive measure, reviews or assessments of policies/programs are conducted before
the implementation of such policies and product programs to ensure the policies or Danamons
business activities that do not deviate from the regulations. Socialization and follow-up on the policy
update and update of internal regulations including changes in the regulations of related units are
carried out accordingly to ensure the Banks compliance is maintained.
In 2014, in regards to the consumer protection regulation, Compliance Unit has supported the
implementation and alignment of policies, procedures, marketing documents, agreements and
other documents so as to be in line with the provisions established by Otoritas Jasa Keuangan
(OJK) and Bank Indonesia.
In addition, as an effort in monitoring of compliance to certain regulations in the field/work unit, a

sample pick is conducted to assess the implementation of these regulations. Periodic monitoring
is also carried out to meet compliance on main regulatory parameters both at the Bank level (CAR,
LLL, GWM, NPL, PDN and participation limit) and subsidiaries including the required reporting.
Danamon also constantly monitoring to ensure the follow-up audit results of Bank Indonesia/
Otoritas Jasa Keuangan (OJK) and other regulators are completed in accordance with commitments
and targets set.
Compliance to Main Regulations

Bank Position
Parameter BI Requirements Per December Explanation
2014
Capital Adequacy Ratio Min. 9% s/d <10% (BUKU 18,17% Fulfilled
(CAR) 3)
Statutory (GWM) Primer Rp Min. 8% 8,07% Fulfilled
Primer USD Min. 8% 8,13% Fulfilled
Sekunder Min. 8% 11,67%
Non Performing Loans Maks. 5% 1,34% Fulfilled
(NPLs)
Net Open Position (NOP) Maks. 20% 1,11% Fulfilled
Lending Limit (LLL) of Related Maks. 10% 2,44% Fulfilled
Party
Portfolio Investments Maks. 25% 6,01% Fulfilled
Other tasks
To support the implementation of compliance, Compliance Unit also actively participates as a liaison
officer in facilitating compliance related matters with both internal and external parties. Compliance
Unit has a important role in providing consultative services related to the implementation of
regulations to the work units. This is demonstrated through participating in the discussion and
development activities/new products, providing advice/recommendations on regulation related to
Danamons business activities.

IMPLEMENTATION OF ANTI-MONEY LAUNDERING PROGRAM (AML) AND

COMBATING FUNDING ON TERRORISM (CFT) PROGRAMS
The Board of Directors and Board of Commissioners are committed to ensure the Banks compliance
towards Bank Indonesia regulations and other legislation related to AML and CFT.
The Bank coordinated AML and CFT Programs through working units, for the implementation to
Know Your Customers Principles (UKPN), for which working units are responsible directly to the
Compliance Director.
Organizational Structure UKPN
UKPN Head
Entin Rostini
Advisor
Monitoring, Procedure and IT & Data

Surveillance Support & Training Reporting Mining
AML Champion
Danamon is consistently working to improve the quality of AML and CFT programs being carried
out: through active supervision from management, policy refinement, Branch Assesment, training
programs, and information system refinement as well as other initiatives deemed required.
Activities accomplished related to AML and CFT Programs in 2014 are as follows:
1. Policy and Procedure Evaluation

As an effort to control the risk of AML and CFT and in order to adjust the internal regulations
through regulations and best practices, in 2014 some improvements are made as well as the
issuance of internal regulations related to AML and CFT. The Internal regulations are Financial
Transactions to and from overseas, obligation of personal customer information disclosure for
US citizen, purpose of transaction code cash in the Cash Financial Transaction Report and
Suspicious Transaction Report.
2. Branch Assessment
Visiting activity of Branch Assessment (BA) was performed to assess the effectiveness of the
implementation of APU and PPT Program in branches and over 2014 have been made Branch
Assessment in 19 cities with 116 branches. Along with visiting activity of Assessment Branch also
conducted training for employees (especially front liners) with total amount of 672 employees.

3. Training and Socialization For the purposes of customer transaction

UKPN together with Danamon Corporate profile monitoring, Danamon has been
University (DCU) held training and supported by information system that can
socialization related to APU and PPT effectively identify the transaction and
for employees, which is through training report. On an sustainable basis, Danamon
program as refreshment and induction submit Suspicious Transaction Reports
training for new employees. In 2014, in (LTKM), Cash Financial Transaction Reports
addition to arrange training for new staffs, and Financial Transaction Reports to and
Danamon also intensified employees to from Overseas (LTKL) to regulators and
participate in e-learning methods at the follow-up data requirement from PPATK/
Central Office. KPK/BNN.
During 2014, 8.309 employees had received 6. Management Information System

AML and CFT training which consisted of Completion of Management Information
2.552 employees with classroom methods System includes the development of
and 5.757 employees through e-learning. reporting system, screening and monitoring
functions, the addition of FATCA features,
4. Monitoring of Customer Data Completion development of data recording system
Periodic monitoring of the quality and and Walk in Customer transactions and
completion of new customers data and customer database manually (SIPESAT).
branches shall follow up customer data
which is incomplete. 7. Know Your Employee (KYE)
Application of Know Your Employee (KYE)
Customer data update is accomplished by performed in the process of hiring new
updating targets that are prepared using employees. In addition, the application
a risk based approach. Plans and results of KYE also applied on the transactions
of customer data updates are reported activity conducted through the employee
to Otoritas Jasa Keuangan. As the end salary and non-salary accounts by each unit
of December 2014, Danamon has been of HR and UKPN.
updating the 11.712 CIF from its total target
of 12.566 CIF ((93,21%). INTERNAL AUDIT UNIT (IAU)
IAU Structure and Status of Position
5.
Screening, Transaction and Report Internal Audit is an independent function
Monitoring reporting directly to the President Director and
In the acceptance of new customers, to the Board of Commissioners through the
Danamon included a screening process Audit Committee. Internal Audit (IAU) Danamon
to OFAC List, Watchlist, Worldcheck and aims to provide independent and objective
Politically Exposed Persons. Screening assurance and consulting services to the Board
process is periodically applied on existing of Commissioners and Board of Directors to
customers. maximize and maintain shareholder value.
Danamons IAU was determined to be a

business partner that provides added value in
fostering a strong culture to support Danamon

and its subsidiaries achieve long-term goals In implementing its functions, Danamons
with reference to the International Best IAU refers to Bank Standard Internal Audit
Practice. Danamons IAU help management Function (SPFAIB) from Bank Indonesia and
achieve its objectives by a systematic and the International Standards for the Professional
disciplined approach to evaluate the adequacy Practice of Internal Audit (IPPF) from The
and effectiveness of risk management, control Institute of Internal Auditors (IIA).
and governance process.
Appointment, Termination and Legal Basis
In accordance with the Internal Audit Charter for Appointment of Internal Audit Head
that approved by the President Director and Referring to SPFAIB regulation of Bank
Board of Commissioners, Danamons IAU Indonesia as stated in the Internal Audit
has unrestricted access for all activities, Charter and signed by the President Director
functions, records, properties and personnel of and Board of Commissioners, the Head of
the company and its subsidiaries. The scope IAU is to be appointed and terminated by the
of Internal Audit covers all audit entities in President Director following the approval from
Danamon and its subsidiaries. Board of Commissioners. The appointment
and termination of the Head of IAU are
In assessing the adequacy and effectiveness reported to Otoritas Jasa Keuangan (OJK) and
of risk control and management process, accompanied by the reasons of appointment/
Danamons IAU will report significant audit termination.
findings including recommendations for follow-
up repairs. Each month, a summary of the Danamon IAU is currently chaired by Antony
audit findings were presented to the Audit Kurniawan appointed since July 1, 2010 by
Committee in The Audit Committee meeting the Joint Decree of the Board of Directors and
which was also attended by representatives of Board of Commissioners PT Bank Danamon
related Board of Directors. Meeting report of Indonesia, Tbk. No. Kep-Dir.Corp.Sec - 011
the Audit Committee submitted to the Board concerning the appointment of AIU Head of
of Directors and Commissioners. In addition, Danamon.
Internal Audit also regularly reported the audit
activities to the President Director.
Antony Kurniawan Bsc, MSc earned his Bachelors Degree from Iowa
State University, Ames, Iowa, USA and a Masters Degree from Columbia
University, New York, USA. Antony has pursued a career of 20 years in the
banking industry, including 14 years with Citigroup. His audit experience
includes 5 years experience as Citigroup Regional Audit (in Singapore
and the Philippines covering 11 countries), as Danamons Operational
Risk Management Head for 3 years and as Mass Market Control & Fraud
Head for 2 years.
Antony Kurniawan Serves as Danamon Head of Internal Audit Unit since 2010.
Head of Internal Audit Unit

Organizational Structure of Danamon Internal Audit
Chief Internal Auditor

Antony Kurniawan
Wholesale Credit &

SEMM & Branches Quality Assurance Product & Support Fraud Investigation Retail Credit & IT
Analytic Audit Dev
Audit Group Head Group Head Audit Group Head Group Head Audit Group Head
Group Head
Duties, Responsibilities and Authority of IAU

Conduct an investigation on indications of
In accordance with the Internal Audit Charter
fraud in the bank including coordinating
which has been approved by the President
an investigation with other work units and
Director and Board of Commissioners, IAU has
report the results to management and the
the following duties and responsibilities:
Board of Commissioners through the Audit
Develop the annual audit plan with the risk-
Committee.
based methodology, including the risks
and controls identified by management.
Internal Audit Authority
Implement the approved annual plan,
Sesuai dengan Internal Audit Charter, SKAI
including specific duties;
memiliki kewenangan, antara lain:
Increase the knowledge, expertise,
In accordance with the Internal Audit
experience and adequate professional
Charter, Internal Audit has the authority:
certification and knowledge of all regulations
Unlimited access to all of the activities,
that applied to the duties of audit;
functions, records, property and personnel
Prepare and submit a report to OJK, such
of the Bank and its subsidiaries;
as: Report on the implementation and on
It has full access to the Board of
the results of semi-annual audits, a special
Commissioners through Audit Committee;
report on any findings of internal audit
Allocate resources, set frequencies,
which is expected to disrupt the continuity
choosing subjects, determine scope of
of operations, and Report the results of
work and apply the techniques required to
external review on the work of Internal
achieve the objectives of the audit; and
Audit and compliance on implementation
Implement the annual audit plan approved.
standard of Bank Internal Audit Function
and its repairs;
Internal Audit Methodology
Establish a follow-up process to monitor and
In carrying out the Internal Audit, SKAI has
ensure that corrective actions have been
implemented a Risk based Internal Audit.
carried out effectively by management; and
The Risk based Internal Audit begins with
the comprehensive planning of the internal
audit program, where the performance of the
Internal Audit is carried out based on priority
over entities having higher risks. To support
this, SKAI has utilized the latest Information
Technology in the field of Internal Audit with

the ability to perform risk assessment both in 4. Improve and enhance the risk-based audit
macro and micro scale over the entities in the methodology, continuing the process of
Bank. Based on the Macro Risk Assessment quality assurance and learn best practices
combined with the Audit Framework, SKAI of internal audit in the banking industry as a
prepares an annual Audit Plan, where in the comparison.
process, the entities to be audited, the audit
schedules and the required staff and logistics Danamons Internal Audit Activities in 2014
are determined. Thereafter, using the Micro Audit Implementation
Risk Assessment, extraction of data is obtained In 2014, Danamon Internal Audit has audited
from the Core Banking System to determine 746 entities (103% from 2014 audit plan) which
the sampling. includes:
1. 61 audit entities in the Central Office,
Focus of Danamons IAU in 2014 which covers aspects of credit, business,
Internal Audit has focused its audit activities, products, operations, support and
as follows: information technology as well as including
1. Continuing audits on high-risk entities the Head Office of Adira Group.
and entities that have an extensive branch 2. 275 audit entities in the Branch Office and
network and branches of subsidiaries; Regional Office, which includes the Office
2. Improve and expand analytic functions, as of Regional Services, Unsecured Personal
well as infrastructure capacity and expertise Loan Region, conventional branch, Syariah
in the analytical field; branch, Syariah Pawn Branch (Gold Solution
3. Improving audit quality by improving the Syariah) and Adira Group Branch.
competence of auditors through training, 3. 410 entities of Danamon Saving and Loan
seminars and professional certification; consist of 61 Cluster Self Emlployed Mass
Market (SEMM), 310 units of SEMM, and 39
Collateral Document Custody (CDC).
Plan and Inspection of Audit Realization per 31 December 2014

2014 Audit 2014 Audit Realization
Audit Activity
Plan Jan-Jun Jul-Des Total % of Plan
I. Routine Audit
a. Total Audit on Head Office (Incl. Adira 65 38 23 61 94%
Group)
b. Audit on Branches:
Conventional (Includes Adira Group) 267 154 121 275 103%
Self Employed Mass Market 394 220 190 410 104%
Total Audit on Branches 661 374 311 685 104%
Total Routine Audit 802 435 402 837 104%
II. Investigative Audit
Total Investigative Audit 8 39 47

The function of Danamons IAU Consultancy

1. Meeting the demand business unit as an independent party to conduct Pre & Post Implementation
Review of the use of the latest information technology related to the new electronic banking
products published.
2. To socialize the latest issues of the business and operational leadership at the Regional Office.
Assessment by Independent Institutions

In accordance with the provisions of PBI 1/6/PBI/1999 & 9/15/PBI/2007 Internal Audit activities will
be reviewed by the Independent Agency every 3 years by using benchmarks SPFAIB provisions of
Bank Indonesia. Besides using benchmarks of SPFAIB required by BI, SKAI activity is also compared
to the standard of the IPPF (International Professional Practices Framework) of institutions IIA (The
Institute of Internal Audit) and compared well to the best practices of Internal Audit (leading practices)
of the financial industry and global banking. Thus, the implementation of the Internal Audit quality
reviews every three years is not only performed to comply with the provisions of Bank Indonesia,
but also to ensure quality standards are adequate internal audit both nationally and internationally.
Assessment Independent Institute on Internal Audit Effectiveness and Scope

Results of the assessment of external agencies (Quality Assurance Review) on the effectiveness
of the implementation and the scope of an audit conducted by the Danamons IAU in three (3)
assessment period (2004-2012) are as follows:
Result of Quality
Period Independent Institution Assurance
Review
2009-2012 Pricewaterhouse Coopers Indonesia Advisory Generally Conforms
Refor to No EngAdv/2012000312/Jun/12/GMM/ZWZ
dated 13 May 2012
2006-2009 Ernst dan Young Generally Conforms
Refer to PSS-35562/02 Dated 4 May 2009
2004-2006 Ernst dan Young Generally Conforms
Refer to No EYAS-1647/02 Dated 27 June 2006
Number and Human Resource Development

To maintain the quality standards of human resources, Danamon Internal Auditor together with the
Division of Human Resources Development, Competency Matrix have developed both for the level
of auditors and Team Leader level. Roadmap is listed In the Competency Matrix for each auditor and
Team Leader in following the training and certification necessary to meet the required competencies
at all levels.
Various trainings, self development and certification audits have also been performed in 2014,
average training (Soft Skill & Technical Skill) each auditor until December 2014 is 6 weekdays and
employs 189 people.

International & National Certification

Auditors who have earned a degree in International & National Certification, as follows:
International Degree Total Auditors

Certified Internal Auditor (CIA) 5
Certification in Risk Management Assurance (CRMA) 2
Certified Information System Auditor (CISA) 6
Certified Information System Security Professional (CISSP) 1
Certified Information System Manager (CISM) 1
Certified in the Govermance of Interprise IT 1
Financial Risk Manager 2
Certified Ethical Hacker (CEH) 1
Principal Certified Lotus Professional (PCPL) 1
IBM CAAD (Certified Advanced Application Development) 1
National Degree Total Auditors

Qualified Internal Auditor (QIA) 81
Risk Management Certification (SMR), Level I 95
Risk Management Certification (SMR), Level II 42
Risk Management Certification (SMR), Level III 6
Risk Management Certification (SMR), Level IV 3
Implementation Training 2014

Listed below are trainings, seminars and workshops, followed by Internal Audit staff:
Total
No Training Dates
Participants
International Training
1 DLA 3, Insead, Singapore 20-25 April 2014 1
Domestic Training
1 Socialization of Report Writing, Internal Audit Unit (IAU), Roll Out January April 93
KPW & HO 2014
2 Socialization of TeamMate R.10.1, Internal Audit Unit (IAU), Roll January April 87
Out KPW & HO 2014
3 Credit Risk Management 1, Danamon Corporate University, 3 March 2014 12
Kampus Danamon Ciawi
4 Credit Risk Management 2, Danamon Corporate University, 3-4 June 2014 3
5 DLA 1, Danamon Corporate University, Kampus Danamon Ciawi 23-26 June 2014 4
6 DLA 2, Danamon Corporate University, Kampus Danamon Ciawi March June 3
2014
7 Excel, Internal Audit Unit (IAU),Plaza Kuningan 14 & 16 May 22
2014
8 IDEA, Internal Audit Unit (IAU),Plaza Kuningan 20 June 2014 11
9 Market Liquidity Risk Management 1, Danamon Corporate April May 2
University, Kampus Danamon Ciawi 2014
10 Market Liquidity Risk Management 2, Danamon Corporate April May 3

Total
No Training Dates
Participants
11 Motivation, Plat AB, Yogyakarta 7 March 2014 179
12 National Workshop SKAI, Internal Audit Unit (IAU), Yogyakarta 6 8 March 179
2014
13 Operational Risk Management 1, Danamon Corporate University, 26 February 1
Kampus Danamon Ciawi 2014
16 Pensiun, Mitra Insan Cemerlang, Malang 13-15 June 2014 11
17 Risk Management Sertification1, Danamon Corporate University, 23 June 2014 6
18 Risk Management Sertification 2, Danamon Corporate University, 24 June 2014 9
19 Risk Management Sertification 1, Danamon Corporate University, May June 2014 9
20 Risk Management Sertification 2, Danamon Corporate University, 13 14 May 1
21 QA Sosialization, Internal Audit Unit (IAU), Roll Out KPW & HO March June 51
2014
22 Team Building, Hanindo, Yogyakarta 7 March 2014 179
20 Risk Management Sertification 2, Danamon Corporate University, 13 14 May 1
21 QA Sosialization, Internal Audit Unit (IAU), Roll Out KPW & HO March June 51
2014
22 Team Building, Hanindo, Yogyakarta 7 March 2014 179
23 IPPF Sosialization, Internal Audit Unit (IAU), Roll Out KPW & HO August-September 22
2014
24 DLA 1, Danamon Corporate University, Kampus Danamon Ciawi 1 4 July 2014 2
25 DLA 2, Danamon Corporate University, Kampus Danamon Ciawi 15 19 1
September
26 Market Liquidity Risk Management 1 & 2, Danamon Corporate 14 15 July 1
27 Risk Management Sertification 1, Danamon Corporate University, 1 September 4
28 Risk Management Sertification 2 & 3, Danamon Corporate 2 September 9
29 Operational Risk Management 2, Danamon Corporate University, 23 September 4
30 Influencer, Danamon Corporate University, Kampus Danamon 17 18 July 1
Ciawi 2014
31 Crusial Conservation, Danamon Corporate University, Kampus 21 22 July 1
Danamon Ciawi 2014
32 Fraud & QA for Supervisor, Danamon Corporate University, 6 August 2014 5
33 Effective Communication Skill, Danamon Corporate University, 13 August 2014 5

Total
No Training Dates
Participants
34 7 Habits, Danamon Corporate University, Kampus Danamon 3 5 September 3
Ciawi 2014
35 Danamon Caring Leader, Danamon Corporate University, Kampus 8 9 September 2
Danamon Ciawi 2014
36 Risk Management Sertification 1, Danamon Corporate University, August-September 3
37 Credit Analysis, Internal Audit Unit (IAU),Plaza Kuningan 25 26 18
September 2014
38 IDEA vs. 9, Internal Audit Unit (IAU),Plaza Kuningan 11 & 14 August 11
2014
Audit Activity Plan 2015 Implementation of the Banks financial

In line with Danamons business development, statement audit performed by the Public
Internal Audit continuously makes efforts to Accounting Firm established by Circular Decree
improve the internal quality audits, strengthen No. KSR- KOM.Corp.Sec-008 dated 24 March
the audit function through a variety of activities 2014 namely Purwantono, Suherman & Surja (a
and will carry out an audit of 654 audit entities, member of Ernst & Young Global Limited) at a
includes 57 audit entities of Head Office, 13 cost of Rp 4.112.800.000 audit services.
audit entity at Regional Office, 344 Danamon
Save & Loan (DSP-SEMM), and 240 entities of Other Services in addition to the Financial
branch office. Audit
In 2014, the Public Accountant Firm
COMPANY ACCOUNTANT/EXTERNAL Purwantono, Suherman & Surja (a member of
AUDIT Ernst & Young Global Limited) did not provide
Accountant Services Company: services other than audit services to Danamon.
Appointment and Fees
Appointment of Certified Public Accountants Audit Period
and Public Accounting Firm was approved by Public Accountant Drs. Hari Purwantono
Annual General Meeting on 7 May 2014, which and Public Accountant Firm Purwantono,
gave authority to the Board of Commissioners Suherman & Surja (a member of Ernst & Young
to appoint a registered public accounting firm Global Limited) audited Danamons annual
based on the recommendation of the Audit financial reports during three (3) periods from
Committee. 2012 - 2016.

Public Accountant Firm and Public Accountants which provide financial audit services and incurred
audit services costs can be seen in the following table:
Year Public Accounting Firm Accountants Name Cost Audit
2014 Purwantono, Suherman & Surja (anggota Ernst Drs. Hari Purwantono Rp.4.112 billion
& Young Global Limited)
2013 Purwantono, Suherman & Surja (anggota Ernst Drs. Hari Purwantono Rp 3.880 billion
2012 Purwantono, Suherman & Surja (anggota Ernst Drs. Hari Purwantono USD 400.000
2011 KPMG Siddharta & Widjaja Dra. Tohana Widjaja, CPA USD 495.000
2010 KPMG Siddharta & Widjaja Kusumaningsih Angkawijaya, CPA USD 495.000
2009 KPMG Siddharta & Widjaja Kusumaningsih Angkawijaya, CPA USD 414.700
Effectiveness of External Auditor Implementation

Audit Committee examines the effectiveness of the implementation of external audits to evaluate the
quality of the audit process. It aims to ensure that the audit has been accordance with all regulations
and standards and so that the external auditors independence is maintained. In addition, the Audit
Committee helps to ensure the audit not encountered by obstacles and all audit findings acts upon
by management.
Evaluation of the implementation of the external audit process is performed through regular
meetings between the Audit Committee and the Public Accounting Firm to discuss all findings and
developments during the examination conducted by public accounting firms.
In implementing the audit of Danamons financial report and its subsidiaries, the following functions
are conducted by Public Accountant Firm Purwantono, Suherman & Surja (a member of Ernst &
Young Global Limited):
1. Conduct the investigation on all material accounts, based on applicable Professional Public
Accountant Standards and ensure its compliance with applicable Indonesia Accounting
Standards.
2. Communicate the audit findings to the audit committee, management and OJK
3. Maintain independence during the implementation of its duty.
Relationship Between Bank, Public Accountants and OJK

During the audit implementation in 2014, Danamon exercised transparent communication and
provided complete information and data to the external auditor for the audit purposes. Communication
and cooperation with the external auditors was conducted on the latest acocounting policy issues,
including tax development, in order to present a fair financial report. The Directors have taken into
account the Management Letter from the Independent Auditor for further follow-up.

RISK MANAGEMENT Danamon has set Risk Appetite Statement

The following risk management analysis (RAS), which elaborates the risk level and
summarizes the Risk Management System, characteristic taken by the Bank to fulfill its
Risk Types and their Management, as well as the duties and responsibilities to stakeholders.
effectiveness of the Risk Management System. In addition, the capability development of
A complete report on risk management is human resources risk management is carried
disclosed separately as part of the Operational out through training and socialization on risk
Review Section Risk Management. management standards and procedures.
Risk Management System Types of Risks and their Management

In general Risk Management of Danamon is Danamon manages risks embedded in every
carried out with a holistic approach towards risks activity of the Bank and its subsidiaries,
faced by the Bank. Monitoring, controlling, and namely, Credit Risk, Market Risk, Liquidity
managing risk are carried out by implementing Risk, Operational Risk, Legal Risk, Reputation
the Three Lines of Defence principles. The Risk, Strategic Risk, Compliance Risk, Yield
business units are in the first line responsible Risk and Investment Risk.
for identifying, evaluating, controlling and
mitigating risk. While the Integrated Risk The risk management in Danamon is described
Management Group and Compliance Unit below:
are key in providing the second line defense
through independent monitoring function. As Credit Risk
third line of defense, the Internal Audit ensures Credit risk arises due to failure of debtors and/
the business units as well as supporting units or other parties in meeting their obligation
have performed in line with their functions and to the Bank. Credit risk is managed through
responsibilities. established policies and procedures covering
credit extension criteria, credit origination and
Aligned with banking industry practices and approval, pricing, monitoring, non-performing
in accordance with the Risk Management loan management and portfolio management.
Framework in Basel II, Danamon Integrated
Risk functions are centralized and independent Danamon has a Credit Risk Policy which guides
of all lines of business. The function of credit risk management for line of business
Integrated Risk covers the management of all and subsidiaries in carrying out their credit
risk attached to the Banks activities, among activiteis. The authority of credit approval
others credit risk, market risk, liquidity risk and is given to the Credit Committee wherein
operational risk. These risks are managed under each Committee member is selected based
the coordination of Director of Integrated Risk on their quality, experience and business
with full support of experienced risk managers. requirement. In implementing authority for
credit approval, they must comply with the four
Danamon has endorsed the Enterprise Risk eyes principle based on thorough analysis and
Management Policy providing guidelines in is well documented. The customer feasibility is
managing Bank risk. The policy has been evaluated to set appropriate credit limits. The
approved by the Board of Commissioners and credit limit is set at industry and product level
is periodically reviewed. to ensure broad diversificaiton of credit risk

and to avoid concentration of risk. The Bank (EAR), repricing gap analysis, and Economic
closely monitors the development of its credit Value of Equity (EVE). Trading book is managed
portfolio and of its subsidiaries which include through a position and more risk-sensitive
setting maximum limit for extending credit. measurements, such as DV01 and MAT.
Market Risk Liquidity Risk

Market Risk is the risk on balance sheet Liquidity risk is the risk caused by the inability
positions and administrative accounts including of the Bank to meet its obligations when due
derivative transaction, as a result of changes in funded from cash flow and/or high quality
the overall market condition including changes liquid asset to be pledged as collateral
in option. Market risk arises due to movement without disrupting Banks activity and financial
in market factors such as interest rate and condition.
exchange rate on the Banks portfolio on the
Asset side as well as Liabilities which carry Liquidity risk is managed to ensure every
potential loss to the Bank. funding required at present or in the future
under normal or stressed condition can be met.
Market Risk is managed by Market and
Liquidity Risk Management which is an Liquidity risk management is implemented
independent function to measure, monitor and through the analysis of liquidity maturity
control on risk value based on the level of risk differences and liquidity ratios. Liquidity gap
(risk appetite) the Bank absorbed. analysis provides a view of the discrepancy in
cash inflows with cash outflows at a given time.
The management of market risk covers This condition is managed centrally by the
managing the exchange risk and interest rate Treasury, with direct access and authorization
risk as follows: to interbank markets, institutions and other
market professionals, in an effort to help the
Foreign Exchange Risk Banks main business activities in fund-raising
Foreign exchange risk arises from both on- and lending.
and off-balance sheet positions, both on the
asset and liability sides, through transactions To complete the framework, liquidity risk is
in foreign currencies. To manage and mitigate measured and controlled under both normal
foreign exchange risk, predefined limits are set, and stress scenarios. Thus, the Maximum
below the 20% regulatory limit. Cumulative Outflow (MCO) is estimated also
under abnormal market conditions, such that
Interest Rate Risk the Liquidity Contingency Plan (LCP) is in place
Interest rate risk is the probability of losses that in case of any liquidity crisis.
may occur from adverse movements in market
interest rates vis--vis the Banks position or
transactions. The Bank manages its interest
rate risk through the use of Earning-at-Risk

Asset and Liability Committee (ALCO) is a including extreme and rare operational risk
forum of most senior members of the Banks occurance but has significant impact such as
management in monitoring the liquidity status negative issue on liquidity, negative news on
of the Bank, responsible to set policy and the Bank, systems troubles, natural disasters
strategy related to the Banks assets and and others.
liabilities, in line with prudent principles of risk
management and the prevailing regulation as Danamon adopts the standard framework BCM
well as approving limit framework, considering of Good Practice Guidline (GPG) Business
the structural position of the Banks balance Continuity Insititute (BCI), United Kingkom
sheet and assumptions used for measuring (UK) and refers to ISO 22301: BCMS (Business
risk. Continuity Management System).
Operational Risk Compliance Risk

Operational risk is defined as the risk of loss Compliance risk is the risk in the event of
resulting from inadequate and/or failed internal Banks failure to comply and or to implement
processes, people and systems, or from in accordance to the prevailing laws and
externalevents which impact the operations of regulations.
the Bank.
Compliance risk managed by the compliance
Management of operational risk is carried function is one of the Banks Integrated Risk
out in an integrated fashion optimalizing the Management component. Compliance risk is
business and support functions to identify carried out through the process of identifying,
factors causing operational risk on product measuring, monitoring and managing risk
activity, process, services, organization and based on review on the policy, provision
information systems through Risk Event Table, of funds, fund raising and other activities.
Risk Control Self Assessment (RCSA) dan Key Compliance risk is also managed on items
Risk Indicator (KRI). which increases the potential of compliance
risk exposure due to fine as well as reputation.
To anticipate operational risk which may occur
due to Fraud initiated by internal Bank staff or Legal Risk
external parties, the Bank formed a working anti Legal Risk is risk in the event of lawsuits and/
fraud strategy framework outlined in the Fraud or juridical deficiency. Legal risk is managed
Management Policy and Framework made through the process of identifying factors which
effective nationwide. The working framework could generate legal risk to the line of business,
and strategy is line with Bank Indonesia circular product, process and information technology
letter No. 13/28/DPNP on the implementation impacting the Banks reputation and financials.
of Anti Fraud Strategy for banks and is reported
to Bank Indonesia every semester. The Banks Legal risk is under the coordination
of the Legal Division and is headed by General
As part of the Operational Risk Management Legal Counsel. A Legal Risk management team
(ORM) framework, Danamon implement in Legal Division works in cooperation with
Business Continuity Management (BCM) related working units, such as the Litigation Unit
to anticipate risk impact due to all causes,

and Danamon Access Center. In consolidation, 2. Risk Management Committee

the Legal Risk management team also Established under the Board of Directors and
cooperates with the legal risk management responsible for managing the Banks risks
team of the Banks subsidiaries. overall, including those of its subsidiaries,
by developing a risk strategy, policies and
Reputation Risk evaluating significant risk issues.
Reputation Risk is risk in the event of declined
stakeholders trust sourced from negative Effectiveness of Risk Management Systems
perception toward the Bank. Reputation Risk is The evaluation is carried out on the risk
managed in integrated way through handling of assessment methodology, adequacy of
customer complaint, performing public relations implementation system, management
functions, responding to negative news as well information system, and accuracy of policies,
as communicating information required to the procedures, and limits. In 2014, the risk
stakeholders. The Banks Reputation Risk team management effectiveness of the Bank and
coordinate and consolidate with the risk team its subsidiaries is rated as acceptable with risk
of the subsidiaries. level 2 (low to moderate).
Strategic Risk The Board of Directors and senior management

Strategic Risk is risks arising from inaccurate are also responsible to determine the Bank
decision making and/or when implementing of a Risk Appetite (RAS) and ensure that the Risk
strategic decision as well as failure to anticipate Management Framework covers policies
changes in the business environment. Strategic in detail and sets broad prudent principle
risk management is carried out through the based limits on Danamons activities. The
analysis of business strategic conformity with Bank also conducts a Stress test, a standard
business environment conditions. Strategic risk measurement method to estimate the
Risk is related to areas: business plan, Banks adverse economic potential due to
information technology and human resources. abnormal market conditions, to ensure the
Banks performance sensitivity to changes in
Supervision of the Board of Commissioners risk factors. The Stress test is applied at least
and Directors once every year, or in the event of a significant
The Board of Commissioners and Directors negative impact on the Banks portfolio and
actively supervise the implementation of stress test of scenario provided by the regulator.
risk management, through the following
committees: On severity level, the macro-economic factors,
1. Risk Monitoring Committee stress test scenario is defined into three
With the highest authority at the Board of categories: Mild, Moderate, and Severe. Apart
Commissioners level this committee function from a historical-based scenario, the Bank
as the supervisory board in monitoring the also considers hypothetical adverse impact
implementation of risk management policy situations, with the support of the Banks
and strategy, risk exposure and evaluating economic team.
the Board of Directors accountability.

Integrated Risk Achievements in 2014

In 2014, the achivement in implementing Risk Management are as follows:
1. Become one of the three banks selected by OJK and Bank Indonesia as reference in Consolidated
Risk Management with subsidiaries.
2. Continually develop Risk Management School wherein the school has been selected as the Best
Bank for providing education on Risk Management by Business Review in 2012 and rolling out
Risk Management school to all Banks working units.
3. Succesfully retained the ISO 22301:2012 - Business Continuity Management Sytem (BCMS)
lewat 2014 Surveillance Audit certification without unconformity item. Note: Danamon is the
first company in Indonesia and the first bank in South East Asia to be ISO 22301:2012 BCMS
certified.
PROVISION OF FUNDS TO RELATED PARTIES AND LARGE EXPOSURES
Total Lending to Related Parties and Largest Debtors as of 31 December 2014

No. Fund Provision Debtors Amount (Rp million)
1. Related Parties Subsidiaries and Key Management 769,442.83
2. Largest Debitors/Group 25 Group 12,481,304.56
During 2014, there was no breache nor BMPK over-limit extended to Related Parties or to Non-
Related Parties, either individually or as Group of Borrower. The provision of funds to Danamon
related parties refers to Bank Indonesia regulation No. 8/13/PBI/2006 on changes to the Bank
Indonesia regulation No 7/3/PBI/2005 on Maximum Lending Limit of banks.
To reduce concentration risk, Danamon limits loan concentration to individuals, group or industry
sector. Provision of funds to related parties and subsidiaries is conducted at arms-length and in
accordance to normal commercial basis and approved by the Board of Commissioners. The approval
procedures and their implementations are stipulated in the policy of Related Party Transactions No.
KepDir-Corp.Sec-015.
INTERNAL CONTROL SYSTEMS

The Internal Control of Danamon and its Subsidiaries are carried out covering all business aspects
both from the Asset and Liabilities, with supervision that is carried out off-site and on-site by each
internal control unit embedded in every Division of Danamon and its Subsidiaries known as the
Quality Assurance Unit.
The internal control covers an integrated methodology, policy, procedure and organization setting,
aimed to identify, measure, monitor, and risk control which arise from activities of Danamon and its
Subsidiaries. The approach taken to measure, monitor and control risk risk based.

The framework for the Risk Management and Internal Control in Danamon adopts a layered defense
known as the Three Lines of Defense as specified in the following diagram:
Danamon Three Lines of Defense

Commissioner Oversight
BOD Oversight
1st Level of Defence 2nd Level of Defence 3rd Level of Defence
LOBs & Support Functions National Fraud, QA &

Internal Audit
Collection Division
Operational Units Other Integrated Risk External Audit

Management Divisions
QA Units/System of
Internal Controls Legal/Compliance
Compatibility of the Internal Control System with COSO

The entirety of the Quality Assurance unit as the executive for the internal control in Danamon and
its Subsidiaries operates on a standard operating procedure (SOP) which is based on the Quality
Assurance Policy of Danamon which is formulated adopting the COSO theory and BIS Principles
on Internal Control Practices.
Danamon has an organizational structure which is well suited and appropriate for managing quality
assurance function. This is based on the philosophy that all business functions must act as the party
responsible for managing quality assurance in their respective business.
The said philosophy serves as the basis for formulating Danamons QA framework structure through
combination of the Three Lines of Defense and the Internal Control/ERM framework with COSO as
basis as the following diagram:

Internal Control System Framework in accordance with COSO

The implementation of internal control by the Quality Assurance unit until 2014 has covered divisions,
subsidiaries and supporting functions. Divisions that are related directly with customer transaction
have higher examination frequency, while for headquarter divisions, formal internal control reviews
are carried on annual basis.
An awareness program for the internal control towards work units are carried out by the QA unit.
In principle internal control is not only the task of the Internal Control unit (Quanlity Assurance), but
also a task and responsibility for all work units.
Evaluation on the Effectiveness of Internal Controls

The Internal Audit Work Unit (SKAI) which becomes a part of the Internal Control System carries out
audit to ensure the effetiveness of Danamons internal control, through independent evaluation of
sufficiency and compliance towards policies, procedures and systems.
The result of the evaluation of internal control system is one of the basis for management to
determine the effectiveness of the performance of the internal control system. Evaluation towards
the effectiveness of the internal control system is described through audit rating which becomes the
basis for improvements such as updates on policies/procedures/systems.
SOCIAL RESPONSIBILITY AND SUSTAINABILITY REPORT

Corporate Social Responsibility
The report on corporate social responsibility has been prepared as a section named Corporate
Social Responsibility in this Annual Report. The activities of the corporate social responsibility is
summarized in the table below.
Financial Impact &

No. Topics Policies Activities
Certifications
A. Environmental Sustainability Policy Environmental programs relating to the surrounding of Total budget of
points 1-7, which the Bank operations Environtmental Care
include, amongothers: Environtmental Care (PPL) was held on May-September (PPL) for 2014 was Rp
sustainable integration 2014 with the theme United to Save the Environment 4.580.548.524,-
on environmental for a Better Future of the Earth As of the end of 2014
matters, control of Run and Walk for Recycling, a program of running Danamon has not yet
environmental impacts. and walking while collecting non-organic waste to be possess environmental
recycled, participated by employees of Danamon and certification
Adira.
Counting the emission reduction produced by waste
reduction program.
Policy, Concept
and Frameworks of
Yayasan Danamon
Peduli Operations can
be viewed on the CSR
Chapter of this report
Memo no.B I/I/
PROC/EM/1211 on
Video Conference and
Business Travel 2012

Financial Impact &

Certifications
Memo no.B 58/ Overseeing 3R (reduce-recycle-reuse) processes on The funds of Yayasan
PA/0614/IMEA on paper waste in several offices of Danamon dan Adira Danamon Peduli
Danamon Recycled Using recycled paper as raw material for paper disbursed for
Paper Initiatives replacement of companys collateral. SEJAHTERA Market
in 2014 was Rp
2,711,972,956,-
The funds of
Yayasan Danamon
Peduli disbursed
for Preservation
of Regional Icon
in 2014 was Rp
441,007,757,-
B. Development of Sustainability Improvement of Facility and Infrastructure The funds of Yayasan
Social Community Policy points 1, Danamon Peduli
2, 5, 6, 7, which disbursed for Rapid
include, among Disaster Response
others: sustainability in 2014 was Rp
integration in social 261,169,707,-
and cultural matters,
management of
direct and indirect
social impacts.
Policy, concept Revitalization of traditional market through Pasar
and operational Sejahtera Revitalization Program
framework of Preservation of Regional Icon
Yayasan Danamon - Provision of garbage bins
Peduli can be - Development of Facilities
viewed in the CSR Development of Social Community
chapter - Training and capacity building
- Supporting Majelis Taklim
- Facilitating the formation of Market Working Group
within the Local Government
Community Empowerement
- Facilitating the establishment of cooperatives
- Facilitating the creation of Payment Point Online
Banking, managed by Marunda residents, for serving
routine monthly payment of bills from residents of the
surrounding area.
- Running the program of Rotating Funds for Million
Empowerment in cooperation with Al-Azhar Ummah
Care.
Rapid Disaster Response
Yayasan Danamon Peduli provide direct aids to fire and
flood victims, also through social organization
Aksi Cepat Tanggap (ACT) and Al-Azhar Ummah Care.

Financial Impact &

Certifications
C. Manpower, Sustainability Policy Manpower In 2014 Danamon
Health, and Work point 1, 2, 5, 7, which Danamon maintains a good relationship with succeeded in
Safety include, among others: employees union and conducts monthly meeting maintaining the
sustainable integration between board members of the union and Danamon ISO 22301:2012
in the business process directors. certification on Business
and Performance appraisal is conducted twice a year Continuity Management
internal policies, Employees are provided with health insurance facilities System, which was
improvements of the obtained in 2013
compentencies and * Further information about Manpower activities can be from British Standard
professionalism viewed on the Human Resources section of this report Institution (BSI) Group,
of our employees, following the surveillance
engagement of Health audit by the Group.
employees in the Health Talk, a seminar for employees on relevant
implementation of health topics (e.g blood sugar, cholesterol, healthy
strategic plan of diet, chronic diseases).
work safety, health and Health Fair, featuring Medicillin and health care
security, integration in providers for employees health service
the social and cultural On-line Health Corner providing information relevan
matters, management to health at work, for instance the importance of
of direct and indirect stretching in regular interval during workhour
social impacts. Provide lactation room for employee in need with
Decree of convenient and hygienic lactation facility
Directorate General Provide pedometer as tools to support employee in
of Industrial conducting 10,000 steps a day program to maintain
Relations and Labor employees fitness
Social Security Mengadakan Donor Darah di 80an kota secara
No.Kep. 10/ serentak dengan melibatkan 2.900 karyawan.
PHIJSK-PKKAD/ Organizing Blood Donors events in around 80
PKB/I/2013 cities simultaneously where 2,900 employees had
regarding participated.
Registration Organizing Danamon Festival of Band & Choir, a
of Extension competition between representative of Danamon
on Collective employees from all Indonesian regions. It is intended to
Agreement develop mental capacity through arts.
Memo no B.7800- Facilitate various sport clubs for employees, among
HRKP-1213 others are badminton, futsal, volleybal, basketball,
Regarding End table tennis, aerobics, cycling, bowling, and jogging
of year 2013 clubs.
Performance
Evaluation Work Safety
Danamon Business Establish procedures and resources of emergency
Continuity respond (natural disaster, fire, riot) including the
Management (BCM) formation of command center both in corporate and
Policy Ver 2.0/ regional level for Danamon and it subsidiaries
Mar13 Performing evacuation trainings periodicaly.
Danamon BCM Continually socialize safety procedure to all
Standard & Principle employees, with e-mail blast.
Ver 1.0/Mar13 Attention to HSE aspects in every building constructed
or occupied by Danamon.
Ensure the fulfilment of standard density ratio of the
number of employees in office space.
Ensure the proper lighting, air conditioner and air
circulation.
Forming new club of employees who are ready for
volunteers works in a disaster response.
* Further information about Health, Safety, and

Enviroment can be viewed on the CSR Chapter of this
report.

Financial Impact &

Certifications
D. Consumer Sustainability Policy Responsibility for product information Expenditures for
Responsibility point 1, 2, 5, which banking education
include, among Customer Education in 2014 was around
others: sustainable Danamon conducts financial literacy activities in Rp3,807,526,036
integration in the conjunction with routine activities of customers and
business process potential customer meeting conducted annually by
and internal each business unit, where special time is allocated for
policies, helping presenting banking literacy materials.
businesses to grow In 2014, the number of participants educated in
and be established, financial literacy activities was 349,764 persons,
enabling customers which include housewives, students, micro and small
to develop its business owners, junior workers, young couples and
welfare. market communities in every region in Indonesia.
Decree of DIR- Additionally, Danamon provides banking educational
DAC-001/21 information on Danamon web sites and social media
February 2013 accounts.
regarding Units
Appointment related Training Frontliners
to Centralized To ensure that frontliners have sufficient knowledge on
Consumer products and services, in 2014 Danamon conducted
Complaint trainings for frontliners staff in retail banking,
Handling, as operations, UKM, and Danamon Access Center across
well as duty and Indonesia through Consumer Service Quality activities.
responsibility of
each unit Handling of Customer Complaints
Danamon has Danamon Access Center (DAC), a 24

hours customer service unit, which is assigned to assist
customers obtaining information regarding transactions
or accounts
Details of customers complaint handling in 2014 can
be viewed on the CSR Chapter of this report
* Further information about Consumer Responsibility can

be viewed on the CSR Chapter of this report
E. Value Chain Danamon In vendor selection process, including suppliers and

and Vendor Procurement Policy contractors, selection is performed according to the
Relationship Danamon Credit Procurement Policy.
Policy Environmentally friendly Value Chain, which includes
Sustainability management of environmental and social risks coming
Policy point 6.3, from business activities of Danamon customer, where
which includes, environmental and social risks are integrated part of
among others; overall credit process, as stipulated in Danamon Credit
the importance of Policy.
managing indirect
impact to the social
environment.

Sustainability Report
Danamon has also published a separate Sustainability Report, which is prepared based on standard
set in Global Reporting Initiatives and certified by the National Center for Sustainability Reporting
(NCSR), including the implementation of Corporate Social Responsibility. Detailed information
including funds generated from donation and its uses can be found in the Sustainability Report.
DANAMON SUSTAINABILITY POLICY

1. Vision and Mission
1.1 Danamon believes that true sustainability involves the integration of environmental, social, cultural, and
economic matters with our core business processes. We strive to incorporate this policy into core of
business operations through internal and external effort.
1.2 It is our policy to minimize the impact of our operations on the environment. We are committed to
control ofsignificant environmental impacts associated with our activities.
2. Scope
2.1 The policy covers operation of the entire Danamon organization, including the business of subsidiaries
companies and covers our business activities and operations.
3. Position on Climate Change
3.1 Climate change can have a damaging impact on Indonesias economy, the business community, our
customers, and ultimately our business. Danamon is committed in the fight against climate change.
3.2 We continuously engage our stakeholders to further their understanding of the importance to fight
against climate changes.
4. Environmental Compliance
4.1 Danamon is committed to comply with all environmental legal requirements and best practices where
the Bank and its subsidiaries operate.
5. Management of Direct Environmental and Social Impact
5.1 We are committed to take proactive steps to mitigate the environment and economic impacts of our
operational.
5.2 As a bank, we play a clearly defined, positive role in the Indonesian society. Our duty and goal as a
financial intermediary is to assist businesses to become established and to expand, to enable consumers
to grow their wealth. We aim to provide our customers high-quality, secure, efficiently managed
financial services. We believe that this enables us to make a positive contribution to the sustainable
development of Indonesian society.
5.3 Danamon continues to implement every possible measure to facilitate improvements in our services,
people, business, market, product portfolio, skills, management, and confidence. Our people
are the driving force behind each of these improvements. The level of innovation, efficiency, and
professionalism of our people directly affect Danamons performance. Thus, our employees are our most
important asset. We aim to find, develop and retain the most talented people available.
6. Management of Indirect Environmental and Social Impact
6.1 Danamon acknowledges that the decision we make on whom and what we finance may affect
people and the environment. The greatest impact we have on the environment and society is through
our financing activities. Therefore, we continuously develop our environmental and social standards
and approaches. We nurture businesses, which have substantial impact to common good, and
discourage channeling of funds to businesses that might have direct and indirect negative impact to the
environment. We work with our customers and stakeholders to ensure that the economy we support is
good for people and the planet.

6.2 Danamon considers the environmental performance of suppliers and contractors, as well as the
environmental impact of products and services, in the context of the procurement process.
6.3 Danamon recognizes the importance to manage the environmental and social risks that comes from our
customers business activities. At Danamon, environmental and social risk management is an integral
part of our end-to-end credit process, as stated in our credit policy.
6.4 Danamon dedicates considerable resources to prevent, detect and mitigate all types of financial
misconducts. In order to ensure that our business is conducted in full compliance with the highest ethical
standards, Danamon takes every measure to make sure our full adherence to the Law on the Criminal
Act on Anti Money Laundering and on Combating Financing of Terrorism.
7. Stakeholders Engagement and Reporting
7.1 We continuously develop our environmental and social standards and approaches. We work with our
customers and stakeholders to ensure that the economy we support is good for people and the planet.
7.2 Danamons initiatives to address the management of indirect environmental impact are as follows:
- Through our community programs and Yayasan Danamon Peduli, we will partner with selected
- organizations that are actively protecting our environment.
- Engage employees in the delivery of their work safety, health, and security strategies and support
- them in practical ways so they can reduce their own environmental footprints.
- Engage with stakeholders to further its understanding of its direct and indirect environmental
- impacts and contribute to the development of public policy and regulation.
- Danamon is committed to:
o report publicly on the banks sustainability performance on, at least, an annual basis; and
o apply the Global Reporting Initiatives (GRI) reporting guidelines as well as the supplement for the
Financial Services sector.
8. Governance
8.1 The accountability of our Sustainability Policy are as follows:
- Board of Commissioners oversees managements role in ensuring that Danamons sustainability
commitment is promoted and maintained across the organization in a responsible and sustainable
manner.
- Board of Directors has overall responsibility for the organizations sustainability policies and
performance.
- The Head of each Division, business support or group staff function is responsible for ensuring that
activities are carried out in accordance with this Policy.
- Audit Committee is responsible to evaluate the compliance of sustainability policy.
9. Implementation of Process and Policy Review
9.1 We will continuously take steps to implement and review the sustainability policy

Danamon Sustainability Report Card

DANAMON
Commitments 2013 Progress 2014 Progress
Sustainability Pillars
Customer Satisfaction Maintain and develop Based on a survey conducted by Maintain top 5 ranking among all banks in
high customer Marketing Research Indonesia Indonesia in the Bank Service Excellence
satisfaction index in (MRI), Danamon is able to achieve Monitor (BSEM) survey.
all relevant areas Top 5 ranking among all banks in
Indonesia in Bank Service Excellence Achieved 9 awards of MarkPlus WOW Service
Monitor (BSEM) Survey, an Excellence Award in 2014 based on a survey
improvement compared to the year conducted MarkPlus Insight and Marketeers in
of 2012 where Danamon is only in 17 cities with 17,000 respondents about the
8 rank. service quality
Fair and inclusive In 2013, Danamon provided more Danamon sets a target total participants that
banking than 2,927 financial education educated on financial literacy activities for the
sessions for clients and general year 2014 are as many as 350,107 people by
public, particularly SMEs. the group of participants as follows
Housewives
Entrepreneurs of Micro and SMEs,
Student
Beginner Workers
Market Community,
Young Couple
A Healthy Bank Healthy growth in ROE of 14.5% ROE of 8,6%
market and financial ROA of 2.5% ROA of 1,4%
performance Total revenue Rp.18,5 trillion Total Revenue of Rp.17,6 trillion
Loan to deposit ratio amounted to Loan to Deposit Ratio amounted to 92,6%
95.1% NPAT of Rp.2,6 trillion (reported)
NPAT of Rp.4 trillion (reported) NPL of 2,3%
NPL of 1.9%
Improving and Learning Implement national Receive certification of ISO 22301: There was no new ISO certification in 2014
from the best and international 2012-BCMS, an international
banking standards recognition to organizations
and other relevant that demonstrate excellence in
guidelines the ongoing development and
implementation of sustainable
business management system.
With this achievement, Danamon
has become the first company
in Indonesia and the first bank
in Southeast Asia to receive this
certification from the Group British
Standard Institution (BSI) Indonesia.
Governance and Abide by law and Awarded Best Overall in the Awarded 1st Annual Report Award 2013 in the
Compliance regulations ASEAN Corporate Private Financial Listed category of
Governance Scorecard from the
Indonesian Institute of
Corporate Directorship (IICD)
Control mechanism Development and implementation Continue to implement internal socialization
and of best practice constantly in through E-Learning modules of Anti Money
solid internal Anti Money Laundering (AML) / Laundering (AML) / Combating Funding for
Combating Funding for Terrorism Terrorism (CFT),
(CFT), Involved in the Assessment
Branch, with 91 branches in 32
cities regarding the internal control
procedures in 2013. As of December
2013, 10,993 employees have
received training in Anti Money
Laundering (AML) / Combating
Funding for Terrorism (CFT),
Supplier Relationship Develop new procurement policies Implement new procurement policies where
that take into account the supplier there are provisions on the supplier / vendor
responsibility on labor, environment where suppliers / vendors who appointed by
and local community issues. Danamon shall abide by all environmental
regulations and understand the impact of their
operations on the environment.

DANAMON
Employee satisfaction Become an employer 134,073 man-days of employees 175.059 man-days of employees training.
and creating a rewarding of choice training. Training and courses of Danamon Corporate University conducts the
working experience managerial skills, technical skills, D4D (Danamon for Danamon) program where
refreshment courses, human rights Danamons employees volunteered in the
course and more. dissemination of knowledge and science as a
learning facilitator.
Creating a healthy Organize Health Talk namely Organize seminars with topic Health through
and safe working Seminar for Danamons Individual DClub Health Talk program featuring health
environment with various topics such as diabetes, experts.
cholesterol, healthy foods and
chronic diseases. Medicilin, Adira Health Insurance products,
Conduct Health Fair which facilitates organize a contest I want to be Fit where the
the medical service provider for employees with the best physical health level
educate Danamons personnel about get a gift such as tourism package and others.
the importance of living
healthy.
Wise Energy Usage Reduce electricity Starting initiative to change the bulb Corporate Real Estate Management (CREM)
usage. and sign age in Danamons building organizes a contest Danamon Go Saving
with efficient LED lighting solution. where Danamons building or branch that
succeeded in reducing electricity consumption
more than last year will get incentive.
Waste Management Reducing the amount In 2013, Yayasan Danamon Peduli In 2014, Yayasan Danamon Peduli managed
of waste to the landfill has managed waste recycling to collect 3,103 kg of non-organic waste from
through Reduce, program in 7 traditional markets Danamon and Adiras building and branches
Reuse, Recycle located in 5 regions, namely throughout Jakarta for recycling needs.
prorams Probolinggo City and District (East
Java), Payakumbuh City (West
Sumatra), Sragen District and
Pekalongan City (Central Java). Total
waste of 518,249 tons converted
into compost. In previous year,
2012, only 116,718 tons of waste
which converted into compost. It was
a tremendous increase.
Reduce paper In 2013, there were two times Starting initiative to recycle paper, which
consumption increase in the e-Statement usage. Danamon Peduli collects waste paper from
Before the e-Statement was Danamons operation which then process into
introduced in 2011, in a year recycled paper by the customer of Danamon
Danamon used more than 34.5 SME Banking. Recycled paper is then used
million paper sheets to print banking as the base material of Danamon corporate
transaction and bill. communication. Procurement Division set a
target reduction of paper consumption by 30%.
Greeting card (religious holiday) and printed
annual report are replaced with e-media.
Danamon reduced the number of printed
Annual Report in 2014.
Approaching the end of 2014, Danamon
launched Mobile Banking Application
that allows customers to conduct financial
transactions via smartphone, thereby reducing
paper usage that is generally used for
transactions in a branch or ATM (receipt).

DANAMON
Climate Change Reduce carbon In 2013, the environment programs From January until July 2014, Yayasan
emissions. such as Yayasan Danamon Peduli, Danamon Peduli has distributed Rp 4,5 billion
Bulan Kepedulian LingkunganKu to several avticities of Bulan Kepedulian
(BKL) involved 2,073 units and Lingkunganku across Indonesia which involved
branches with total 14,792 Danamon and Adiras employees of 6,627
employees who became volunteer people and conducted more than 3,000 tree
and total fund Rp 4,85 billion planting.
Implement principles Begin the construction of Danamons Topping off Danamon Tower building that
of Green Building for new headquarter, which uses green employs Green Building concepts.
Danamon offices. building concept, which include
using glass window with a double
luster (Low EDouble Glazing) which
can absorb heat and thus can reduce
the use of air conditioning and also
can use low lighting energy system,
waste water maintaining tool, bicycle
parking, vast green spaces, including
two Sky Garden at the top of the
building.
Environment Conservation Investing in Total environmental conservation Total environmental conservation investment in
environmental investment in 2012 was Rp 4,85 2014 was Rp 4.8 billion
conservation billion
programs
Community Welfare Improve societys In 2013, Danamon recorded a In 2014, Danamon recorded credit contribution
welfare through micro growth of 12% in the micro and SME to micro and SME business segment amounted
and SME financing. businessegment, loan issued is 30% to 28% of total loanof Danamon.
of total loans of Danamon.
Support SME growth Danamons loan for SME grew 18% Danamons loan for SME grew 9% to Rp20
to Rp.21 trillion trillion
Companys Social Enhance total Yayasan Danamon Peduli has In 2014, Yayasan Danamon Peduli provided
Investment through coverage of potential invested a total of Rp 12,8 billion for budget activity amounted to Rp 13,5 billion
Yayasan Danamon beneficiary become community development in 2013 include the following activities: Pasar Sejahtera,
Peduli and other partners. literate banking Cepat Tanggap Bencana, Regional Icon
Access to banking for all Greeting more Danamon launched SMS Banking Danamon and the Financial Service Authority
people across service, which expanding to people (OJK) conduct various activities of financial
the country, including who live far away from literacy especially in eastern Indonesia,
those who live in physical network. including implement the Financial Industry
rural and remote Exhibition in Kupang, East Nusa Tenggara.
area.

LEGAL MATTERS AND IMPORTANT ISSUES INVOLVING THE COMPANY, ITS

SUBSIDIARIES, MEMBERS OF THE BOARD OF DIRECTORS AND/OR BOARD OF
COMMISSIONERS
Legal matters are civil and criminal cases involving Danamon and its Subsidiaries during the
reporting year period and has been filed through judicial process.
Legal Matters involving Danamon

Number of Cases
Legal Cases Involving Danamon Impact on Danamon
Civil Criminal
Settled (has clear legal standing) 105 20 103 civil cases won, 2 civil lost at 5.2 %
value from total value of cases settled
In the process of settlement 666 57 Nil
Note:
Civil and Criminal Cases involving Danamon during the period of reporting year and has been submitted through District Court.
Recapitulation of total cases during 2013.
Litigation Involving Members of the Board of Commissioners and Directors

Legal Cases Involving Members of the BoD and Number of Cases Impact on
BoC Civil Criminal Danamon
Settled (has clear legal standing) Nil Nil Nil
In the process of settlement Nil Nil Nil
Litigation Involving Subsidiary

Number of Cases Impact on
Cases Involving PT Adira Dinamika Multi Finance
Civil Criminal Subsidiary
In the process of settlement 43 2 Nil

Cases Involving PT Asuransi Adira Dinamika
In the process of settlement 4 Nil Nil

Cases Involving PT Adira Quantum Multifinance
In the process of settlement Nil Nil Nil

Legal Substance, Case Status, Financial place in Jakarta by the end of October 2013.
Impact faced by Danamon On 11th of March 2014, ICC has issued its
a. Case involving Dharmais, Dakab abd award number 19136/CYK dated 5 March
Supersemar Foundations 2014 which was received by Danamon
On February 11, 2009, Dharmais through ABNR Law Firm. In the said
Foundation, Dakab Foundation and arbitration award Danamon is obligated to
Supersemar Foundation sued Danamon pay a sum of money to indemnify DUGs tax
through the District Court in a case payment to the tax office. The parties (DUG
related to subordinated loan. On February and Danamon) have signed a settlement
6, 2014, Danamon received an official agreement on 26th of November 2014,
notification from the court concerning the and therefore the case between DUG and
judicial decision of the Supreme Court of Danamon has been resolved.
the Republic of Indonesia concerning the
rejection of the appeal request. The judicial DISCLOSURE OF ADMINISTRATIVE
decision was final and binding and won by SANCTION BY FINANCIAL SERVICES
Danamon. AUTHORITY (OJK)
Throughout 2014, there was no material
b. Case involving PT Danamon Internasional administrative sanctions that affected the
On 10th of November 2011, PT Danamon business continuity of Danamon, nor was
Internasional sued Danamon through the there any administrative sanctions imposed
District Court in a case related with Capital on members of the Board of Directors or the
Loans. The case is currently in examination Board of Commissioners.
for an appeal at the Supreme Court of the
Republic of Indonesia. On 12th of January
INTERNAL FRAUD
2015, the Bank received a copy of the
Deviation or fraudulent act by management,
Supreme Courts judicial decision which
permanent and non-permanent employees
essentially decided that the Bank shall pay
(part-time and outsourcing) related to work
to PT Danamon Internasional an amount of
process and the Banks operational activity
Rp285.9 billion. In relation to this, the Bank
which significantly impact the Banks condition.
is intending to file a legal action for judicial
Significant impact to the Banks condition is
review over the Supreme Courts decision.
defined as impact greater than Rp100,000,000
(one hundred million Rupiah).
c. Case involving Danamon Usaha Gedung
On 12th of December 2012, Danamon
Usaha Gedung (DUG) filed a claim through
the International Chamber of Commerce-
Asia Office with a case reference number
19136/CYK [Perkara] against Danamon.
The examination proceeding has taken

The following table lists details of internal fraud which occurred in 2014:
Number of Cases Involving
Permanent Contract
Internal Fraud Management
Employee Employee
2014 2013 2014 2013 2014 2013
Total internal fraud cases - - 28 42 - -
Settled - - 28 42 - -
Under internal process - - - - - -
Pending - - - - - -
Followed up by law suite - - 4 5 - -
TRANSPARENCY OF FINANCIAL AND NON-FINANCIAL PERFORMANCES

The financial and non-financial matters are disclosed periodically through the mass media, public
expose, analyst briefings/forums and corporate website. Reports on financials and non-financials
are prepared for submission to the regulators and other governing bodies in accordance with the
prevailing regulations. The report on financial statements consists of Published Quarterly Report,
Published Financial Report and Annual Report, whilst non-financial reports consists of Report on
Corporate Governance, Information on Products and Services, Branch Network and other non-
financial information.
Below lists the reports and information disclosed and accessible through Danamon website (www.
danamon.co.id):
Financial Access
Publication Reporting Contents
Information Website IDX
1. Consolidated Quarterly OJK Consolidated

Financial financial statements
Report in accordance with
Indonesian Financial
Accounting Standars,
which covered the
Bapepam regulations
2. Financial Quarterly Public through Summary of financial
Report Newspaper, BI, BEI, performance in
Publication OJK accordance with BI
regulations
3. Analyst Quarterly IDX, BI untuk tahunan Main financial X
Presentation Public (4x in 1 year); and non financial
information
4. Newsletter Quarterly Public, Financial and non X
Exchange, BI financial information
with explanation
5. Annual Report Yearly Public, Policy Financial and non
Makers, financial information,
Investors, business segment,
other banks, product information,
appraisal profits
institutions

Financial Access
Publication Reporting Contents
Information Website IDX
Non Financial Information
1. GCG Report Yearly Shareholders,FSA, Information on the
YLKI, Government implementation of
Institution, Banks GCG at Danamon and
Association, Research Assessment Result
Institution, Economic
and Financial
Magazines
2. Sustainability Yearly Public, investor, Report on policies and
Report stakeholders sustainability program
3. Branch Office - - Information on branch
offices
4. Product/ - - Information on products
Service and services
5. Management - - Information on
and management, ownership
Ownership structure
SHARES OPTION
Share options refers to an option to buy shares This program consists of cash and shares,
for the members of the Board of Commissioners, wherein employees who meet the criteria will
Directors and Executive Officers. The share receive cash of pre-determined amount to be
or option offering is granted as part of the used to purchase Bank shares. The shares
compensation package stipulated in the Banks are purchased under each employees name
Articles of Association. During 2014, the Bank and to be retained and under the custody of
did not have any program of stock options an independent custodian. The shares will
for Directors, the Board of Commissioners, or be handed over after retention period of 3
employees. (three) or 6 (six) years. The date for providing
compensation under this program is 1 July
SHARES OWNERSHIP PROGRAM FOR 2010.
EMPLOYEES AND/OR MANAGEMENT
Danamon provides a Long-Term Compensation The Bank has prepared a Long Term Incentive
Program to Directors and Employees of the Bank Program (LTIP), which is a continuation of
and its Subsidiaries who meet the determined the previous program due in 2013. This LTIP
criteria. This program is part of the Banks and as recommended by the Remuneration
its Subsidiaries compensation strategy aimed Committee, is to be provided to the Directors
to relate overall performance of the Bank and and employees who meet the requirements and
its Subsidiaries to the compensation received approved by the Board of Commissioners. The
by the employees and Directors as well as to LTIP program, which initially planned for launch
ensure continuous growth of the Bank and its in 2014 has been under reconsideration.
Subsidiaries.

SHARES BUY BACK AND BANKS BONDS BUY BACK

Implementation of Buy Back refers to FSA regulations No. XI.B.2 which is the Attachment of FSA
Chairman Decree No. Kep-105/BL/2010 13 April 2010 and No. 2/POJK.04/2013, where issuers
were given the flexibility to buy back the shares without having to go through GMS during a limited
transfer period. During 2014, there was no Banks activity to buy back either stocks or bonds.
HIGHEST AND LOWEST SALARIES RATIO

The right of employees is to receive and is expressed in the form of money, or a salary, as remuneration
from the Bank (or the employer) to an employee. Salary is determined and paid according to the
employment agreement, agreements or legislation, including benefits for employees and their
families for a job and/or services rendered.
The illustration of a salary ratio can be seen in the following table, which includes compensation
per month for members of the Board of Commissioners, Directors and permanent employees of the
Bank.
Salary Comparative Ratio 2014 2013 2012 2011 2010 2009

Employee : Highest - Lowest 220.8 x 230.8 x 80.4 x 81.8 x 79.7 x 80 x
Directors : Highest - Lowest 4.9 x 5.0 x 4.1 x 3.7 x 3.6 x 3.2 x
Commissioners : Highest - Lowest 1.5 x 1.4 x 1.5 x 1.5 x 1.5 x 1.5 x
Directors Highest - Employee Highest 2.5 x 2.8 x 3.9 x 3.4 x 2.4 x 3.4 x
CONFLICT OF INTERESTS TRANSACTIONS

Danamon maintains a policy governing Transactions with Affiliated Parties, Related Parties and
Transactions containing conflict of interest as regulated by the Board of Directors Decree No.
KEP: DIR-Corp.Sec.-015 dated 30 December 2013. This policy was prepared with the following
objectives:
As a guideline in identifying the existence of affiliated transactions containing conflict of interest.
As a basis to ensure that affiliated transactions with a conflict of interest are executed in
accordance with the policy and prevailing legislation, and are not detrimental to the interests of
minority shareholders.
In the event of transaction with conflict of interest occur, the related member of Board of Directors
and Commissioners must abstain from review and approval process on such transaction. Further
provision referred to such case is set out in the Banks internal policy and procedures.
During 2014, there were no reports of any conflict of interest.

Name and Nama dan Name and Transaction
Position with Jabatan Position of Value
No. Description
conflict of Pengambil decision ( in milion
interest Keputusan maker Rupiah)
Nil

BANK STRATEGIC PLAN Danamon will also explore programs of asset

To strengthen the Danamons postion in securitization and financing through capital
national banking industry, Danamon has market instruments appropriate for Danamon
directed its focus toward an increased role risk profile.
in prioritizing growth on financing the micro,
Small to Medium Enterprises, optimalization Danamon will issue bonds to replace bonds/
of liquidity management, increased human MTN/NCD that reach its maturity date and add
resources productivity, increased efficiency and bonds/MTC/NCD regularly according to the
productivity through business transformation need of funding, the market conditions and the
as well as enhanced risk management and pertinent regulations, while maintaining LDR of
good corporate governance. the Bank.
Short Term Plans Overhead Cost

In the coming year, Danamon has established Danamon will put its best efforts to increase
the following strategic measures. productivity and efficiency through programs
of sustained business transformation and
Lending restructuration for supporting the achievement
Danamon will increase its market penetration in of sustainable and healthy level of profitability.
the mass market segment, continue investment Revisiting the business model, focusing
and create sustainable business models. on increasing HR productivity through
It will focus on efficiency and productivity improvement of HR capacity to perform its
through changes in DSP business model, and tasks, particularly on sales, collection and
expansion of partnership with communities, frontliner. Additionally, Danamon will improve
strategic partners, and cooperatives in operational efficiency by consolidation in office
agricultural segment. In addition to reinforcing network and automation in manual processes.
synergy with subsidiaries through cross-selling
program for non-automotive financial products Asset Quality
and improvement in integrated service. Observing prudential principles in offering loans
by tightening the customer selection process,
Danamon will also increase its market share improvement of measures for fraud prevention,
in commercial and corporate segments with a reinforcing the capacilty for collection and
satisfactory risk adjusted return, and increase recovery, initiating quantitative rating model,
its fee based income from bancassurance, and gradual automation of loan application
trade finance, forex and other products. processes.
Funding Working Network

Increase in funding through office network Danamon is planning to increase the efficiency
optimization and customer acquisition of its distribution network by improving process
through community banking approaches and organization, including infrastructure, by
and synergy with the subsidiaries network. consolidating office network and combining
similar activities into one working network.

Prime Lending Rate (PLR) Operational and CREM

For supporting Bank Indonesia program, Providing simplified services, that are fast
Danamon does its utmost to maintain an and unique to improve customer service, and
acceptable level of interest rates by increasing encouraging customers to utilize alternatives to
productivity and efficiency, improving credit the branch network. In addition, Danamon will
quality, and harmonizing its cost of funds with continue to conduct its centralization process
the BI Rate. Credit interest rates are inseparable to improve efficiency, and seeks to create a
from interest rates of the funds, while Danamon dynamic situation for the convenience and
supports OJK programs, and is in compliance satisfaction of both customers and employees.
with OJK rulings on maximum interest rates for
deposits. PROVISION OF FUNDS FOR POLITICAL
ACTIVITIES
Medium and Long Term Plans (3-5 Years) Danamon has a policy prohibiting the Banks
Strategic measures that will be implemented in involvement in political activities, including
the next 3 to 5 years are as follows: donation of any kind for political purposes.
Accordingly, there were no funds given for any
Lending political related purpose in 2014.
Danamon will continue the lending growth of
micro and small, including SMEs, commercial COMPANYS INFORMATION ACCESS
and corporate, trade finance, asset-based Danamon provides ease of access of
financing (ABF) and the financing of household information related to the Bank for the
goods and motor vehicles, while upholding stakeholders through communication media
prudential principles in the granting of loans. such as press releases, Investor Newsletter and
booklet Analyst Briefing an investor newsletter.
Funding In addition, Danamon provides information on
Danamon will continue to strengthen its funding products and services, investors information,
by increasing third party funds and issuance branch network, financial statements, annual
of bonds, while maintaining the LDR ratio in report, corporate governance report, social
accordance with the prevailing regulations. activities, corporate actions and others avail
through the website http://www.danamon.
Risk Management co.id.
Strategic measures that will be implemented
and related to the risk management are In addition, to improve service and customer
maintaining the growth of Danamon at a protection, meeting the need of information on
prudent and acceptable level, developing products and services as well as handling of
internal rating model at each line of business, customer complaint and/or of non customers,
improving the implementation of strategic Danamon provides the Danamon Access
management and the awareness of operational Center with 24 Hour Information (500-090).
risks, and conducting study and preparation for
the Internal Model Approach (IMA) conforming The public may also contact:
to the OJK regulations. 1. Public Affairs Division at telephone number
(021) 57991001-03 or email access: public.
affairs@danamon.co.id.

2. Other email addresses: danamon.access@ 3. Provide adequate access to information

danamon.co.id; corpsec@danamon.co.id; for every stakeholder regarding the Banks
investor.relation@danamon.co.id. financial situation and corporate actions.
INVESTOR RELATIONS In implementing the activies above,

Investor Relations Division is directly Investor Relations Division cooperates with
responsible to the Finance Director. The role of Management, Head of each Business Division,
Investor Relation Division covers the financial Financial Planning and Project Division, Public
and strategy aspects with the following Affairs Division, and Corporate Secretary.
responsibilities:
1. Provide accurate, reliable and timely The Team also communicates through several
information to internal and external parties, media, including conference calls, publication
including shareholders, potential investors, of periodical financial reports, roadshows and
analysts, rating agencies, lenders and publication of the Annual Reports.
regulatory bodies.
2. Conduct periodical activities, such as:

quarterly performance report, analyst
meetings, investor meetings, non-deal
roadshows, and other meetings aimed to
inform periodically updates on performance/
strategy of Danamon.
The following are details of information disclosures by the Investor Relations Team during 2014:
Forum Frequency Description
Analisyt 4 times Public expose for media, analyst and senior management to
Gathering / provide latest information regarding financial and non financial
Public condition.
Expose
Financial 4 times Publication of Quarterly Financial Statement in accordance to
Statement regulation of Bapepam LK for listed company
Annual Report 1 times Comprehensive Report for public and stakeholders regarding
performance, business and other activities of Danamon.
Roadshow and 6 days Participation in various deal and non deal roadshow held by
Conference reputable securities company to provide lastest information
of performance and strategy, challenges and opportunity of
Danamon to investor, analiyst and other stakeholders
One on One 146 pertemuan Meeting with analyst/domestic investor/foreign investor to provide
and conference tatap muka dan information regarding strategy and performance of Danamon.
call 16 conference
call

Throughout 2014, Investor Relations Team participated in various roadshows/conferences listed

below:
Number of
Event Name Organizer Location Date
Companies
17th Annual Asian Investment Credit Suisse Hong Kong 26 27 March 2014 17
Conference
CLSA Asean Forum CLSA Bangkok 79 May 2014 13
Investor Summit & Capital Market Expo IDX Jakarta 17 September 2014 200
2014
PUBLIC AFFAIRS
The Public Affairs Division is responsible for managing relations between Danamon and its
stakeholders, mass media, institutions and related associations, as well as other parties. The
Public Affairs organizational structure consists of five departments namely, External Affairs, Event
Management, Event Management, Brand Management, and Planning and Control which covers the
following responsibilities:
1. Building and managing the image of Danamon in public through its public relations function.
2. Managing its internal communications function, from Danamon management to employees and
vice versa.
3. Managing external communications, including formulating messages and form of communicating
so to reach external parties.
4. To coordinate the activity agenda of Board of Directors and Commissioners as well as organizing
corporate events involving internal as well as external parties.
5. To serve as the first communications gateway for employees and the public who require any
information regarding Danamon.
6. To act as a brand custodian for internal stakeholders, in order to ensure that all employees
understand and develop a consistent perception regarding Danamons brand use.
7. To ensure that all operational activities within the Public Affairs Division are in compliance with
Good Corporate Governance, that operational risks that may adversely impact Danamons
business continuity may be avoided and to maintain Danamons reputation and business is
sustainable.
External Affairs
The External Affairs Unit perform various functions, among others:
1. Managing corporate communication and Banks strategic information such as presenting
quarterly and annual financial report and outcome of the Annual General Shareholders Meeting
in the form of press release.
2. Media monitoring and analysis as well as managing issues sourced from other media.
3. Forming and maintaining a good relationship as well as cooperating with external parties
including media, institution and other relevant agencies.
4. Disseminating information to support Good Corporate Governance initiatives namely corporate
transparency through various means such as website, press release, letters to the editors,
interviews, meetings with related stakeholders.

5. Preparing corporate annual report and sustainability report

6. Managing corporate website.
The activities of External Affairs Unit in disseminating information on Danamon throughout 2014 is
listed in table below:
2014 activities Frequency
Press Conferences 12
Publishment of Quarterly Financial Statements in national newspapers 4
Annual Report 1
Public Exposes 4
Press Release 26
Media Coverage (Photos and Articles) 2,695
Media Visits 3
Annual General Meeting of Shareholders (AGMS) 1
Media Workshop 1
Media Visit Danamon to The Jakarta Post June 11, 2014

Media Workshop Danamon and Adira - November 18, 2014
Press Conference Danamon 2014

Date Title
12 February 2014 Presentation of Danamon 2013 Performance
26 March 2014 Memorandum of Understanding (MOU) Signing between Indosat and Danamon
16 April 2014 Presentation of Danamon First Quarter 2014 Financial Performance
24 April 2014 Indonesia Trade & Commodity Finance Conference
5 May 2014 Launching of OJK and Danamon SiMOLEK (Mobile Financial Literacy) socialization
program
30 June 2014 Media Break Fasting with Danamon Syariah, Adira Finance and Adira Insurance.
17 July 2014 Presentation of Danamon Second Quarter 2014 Financial Performance
16 September 2014 Launching of Danamon Syariah Tabungan BISA iB and Tabungan BISA Qurban iB
17 September 2014 Investor Summit & Capital Market Expo 2014
16 October 2014 Presentation of Danamon Third Quarter 2014 Financial Performance
30 October 2014 Danamon Social Entrepreneur Awards & Bisa! Award Night 2014
17 November 2014 Launching of D-Mobile, the new Danamon Mobile Banking feature

2014 First Quarter Public Expose - April 16, 2014
Press Releases during 2014

Date Title
12 February 2014 Danamon announces the 2014 Financial Performance
17 March 2014 Announcing Winners of Red Match Danamon Manchester United card to watch Big
Match Manchester United vs Liverpool
26 March 2014 Telecommunications and Banking joint strategic initiative Indosat and Danamon
16 April 2014 Danamon Announces First Quarter 2014 Results
24 April 2014 Danamon supports the development of Trade Finance Indonesia through Indonesia
Trade & Commodity Finance Conference
5 May 2014 Danamon supports OJKs Finance/Banking Literacy and Education program
7 May 2014 Danamon Annual General Meeting of Shareholders
26 May 2014 Customers of Danamon Manchester United Card meet Manchester United legends
in Bandung
25 June 2014 Danamon Simpan Pinjam conducts Customer Education and Appreciation
25 June 2014 Danamon holds Blood donation across 100 cities in Indonesia
30 June 2014 Danamon Syariah, Adira Finance and Adira Insurance presents Business
Development in concurrence with break fasting with Media
16 July 2014 Danamon celebrates its 58th Anniversary
17 July 2014 Danamon announces the first semester 2014 financial performance
22 July 2014 Announcing Danamon Operational Activities during Idul Fitri
16 September 2014 Danamon Syariah launches Tabungan BISA iB and Tabungan BISA Qurban iB
providing ease of planning for qurban (animal sacrificing)
17 September 2014 Danamon participates in Investor Summit & Capital Market Expo 2014
1 October 2014 Danamon announces Five Danamon Social Entrepreneur Awards 2014 Winners
14 October 2014 Danamon asks communities in Bogor to be alert of fraudulent attempt using
Danamons name

Date Title
16 October 2014 Danamon announces Third Quarter 2014 Financial Performance
27 October 2014 Danamon treats its Manchester United cardholders to watch English Premier League
big match live in Old Trafford stadium
30 October 2014 Danamon holds Social Entrepreneur Awards 2014
12 November 2014 Danamon supports OJK Financial Literacy Program
17 November 2014 Danamon launches D-Mobil, Danamon Mobile Banking
9 December 2014 Danamon announces Henry Ho Hon Cheong is stepping down as President
Director
Danamon plans to appoint Sng Seow Wah as the President Director and Muliadi
Rahardja as the Vice President Director in the upcoming EGMS.
17 December 2014 IFC and Danamon embark in the development of Agrobusiness Financing Design
Model
23 December 2014 Danamon banking services during Christmas and New Year 2015

Danamon consistently monitors reports appears on print and electronic media and they are listed
as follows:
Media Coverage 2014
44.15% 52.54%
Neutral
Negative (Non Letter to Editor)

2014
Negative (Letter to Editor)
Positive
1.27%
2.03%
Danamon and Adira in Social Media (Facebook and Twitter) in 2014:
Danamon on Facebook
1% Danamon on Twitter
7%
28% 35% 3% 25%
2014 2014
3%
Complaints
33% Corporate
65%
Employee
Adira di Facebook Adira di Twitter Marketing/Promo

8% 8%
12%
25% 32% Others
21%
1%
Compliment
2014 2014
32% 14% 54%

Brand Management
Danamons Brand is a representation of the Banks Vision: We Care and Enable Millions to Prosper
and Danamons Mission to be The Leading Financial Institution in Indonesia with a significant
market presence. communicated through TV commercials, print media, radio, outdoor media, and
online campaigns.
In 2014, Danamon organized surveys and cooperated with Nielsen, an international survey agency,
to measure the level of public knowledge about the Danamon brand in the banking industry. The
results of brand awareness were positive enabling Danamon to retain its position as one the top 5
banks in Indonesia.
To become the guiding lights for millions to prosper is Danamons aspiration, represented through
the ray of lights in Danamons logo. The concept of a ray of light has been part of Danamons logo
since 2002.
The promise We make it happen for you which has been introduced since 2008, is the core of
Danamons services, products and programs. This promise places Danamon in a unique position
compared to its market competitors.
Winners of Danamon Social Entrepreneur Awards 2014 with Danamons Directors.

Since it was first held in 2006, Danamon Social Entrepreneur Award has provided the highest
appreciation to the social entreprenuers striving for the same vision.
Danamon Social Entrepreneur Awards is recognition presented to ordinary individuals who are
able to give extraordinary and continuous effort in empowering themselves and their surrounding
environment through entrepreneurial solutions for at least a year.
Danamon presented the awards to five Social Enterpreneur winners as follows;
No. Name City Age Gender Activities

1 Adinda Village Bandung 25 Years Female Empowerment of farmers by
Soraya Product modernizing traditional snacks
Mutialarang Developer production
2 Alia Noor Penggerak Jakarta 23 Years Female Empowerment of marginal
Anoviar Mimpi communities by skill training and
education.
3 Haris Pemuda Goa Gunung 24 Years Male Development of Pindul Cave
Purnawan Pindul Kidul, tourism potential based on
Jogyakarta community empowerment
4 Sanusi Petani Urban Tanggerang 69 Years Male Utilizing idle riverbanks into
productive use by empowering
surrounding neighborhood
community
5 Andreas Katalisator Medan 47 Years Male Special School of Nature for
Sukendro Kemandirian special needs children and
teenagers

Display View of 2014 Danamon Social Entrepreneur Award Website.

Education on Banking
Refer to Financial Services Agency (OJK) regulation No. 01/POJK.07/2013 regarding Consumer
Protection Sector Financial Services and OJK Circular No. 1/SEOJK.07/2014 regarding the
implementation of education to increase financial literacy to consumers and/or public.
These are aligned with Danamons vision of We Care and Enable Millions to Prosper, and as a
form of commitment and support to the initiative, Danamon implemented activitiy called Banking
Education with Danamon.
The implementation of this education initiative emphasized in providing information on:

Benefits from banking products
Rights and obligation when purchase/use banking products
Understand the risk that may occur when purchase/use banking products
Basic features of the products and services of Danamon.
Brand Management plays a role in implementing educational activities aligned with strategy and
direction of Financial Services Agency (OJK) and coordinating with Danamon internally.
Series of activities on Education of Banking implemented amongst others:

1. Banking Education with Danamon & Si-Molek, held from 5th 12th of May 2014.
In this event Danamon selected three topics focusing on:
Family Financial Planning
Basic Products of Syariah Banking
Preparing Personal Financial for Working World
The education events were carried out in 23 locations across 14 cities throughout Indonesia at
the following venues:
Danamon branches and outlets
Traditional markets for Micro Banking
Shopping centers
Colleges


2. Indonesia Financial Industry Exhibition, which was held in Kupang, Eastern Nusa Tenggara on
November 12-13, 2014 The activities include:
Seminars/workshops which was organized by OJK and supported by the financial institutions
including Danamon held at Aston Hotel, to provide education on financial management,
introductory of OJK and Financial Services Industry to the micro, small and medium
enterprises (UMKM), Housewives (IRT), Academics and the public.
Indonesia Financial Services Industry Exhibition which was held in Flobamora Mall, Kupang,
to introduce various financial industry products and services to the public of Kupang and
Eastern Nusa Tenggara, where banking penetration is still limited, including non-bank
financing and capital market industry so as to assist them in managing finance.

3. Peoples Financial Market, which was held on December 20-21, 2014 at Hall A & Hall D of
Jakarta International Expo.
The underlyings for holding this event were:

Survey results of financial literation indicating the societys literacy and usage level on various
financial instrument is still relatively low.
Middle and low income group (C, D and E) access to financial products and services is low.
Financial products and services are becoming increasingly diversed both in quantity and types
and therefore introduction and education of financial products to the public are required.
The needs for the public to be introduced and educated on low cost financial products and
services.
This program is aimed to:

Encourage the pubic to increase the use of financial products and services.
Provide information concerning benefits and risks of financial products and services, also their
rights and obligations as financial consumers.

Event Management
Danamon organized event as means of communicating to external parties such as the media,
customers, stakeholders, as well as to its employees as internal party. In 2014, the Event Management
unit organized the 50 corporate events, most of which were attended by the Commissioners and/or
Directors representing the Management.
Danamon Chinese New Year Customer Gathering 2014

Internal Communication
The Internal Communication Unit under the Public Affairs Division has a role in managing the
communication channels to the employees of Danamon and its subsidiaries.
The following are the internal communication channels managed by the Internal Communication
Unit:
Bisa! Award
Bisa! Award is an award given to the employees of Danamon and its subsidiaries, who have
performed in supporting Danamons core values and realizing the Bankss visions. Bisa! Award
2014 was held on 17th of July 2014 participated by more than 130 emploees of Danamon, Adira
Finance, Adira Insurance and Adira Kredit. The winner of the Bisa! Award 2014 was announced on
the 30th of October 2014, with three winners each for the General and Service Excellence Category.
Winners of Bisa! Award 2014 with Danamons Directors and Judges
Danamon Portal
To facilitate the employees of Danamon with the latest and important information such as work
related performance, company data, policy archives and memo publications, Danamon provides an
intranet facility accessible by the employees at anytime.

Display View of Danamon Portal
Spirit - Internal Magazine

Danamon has an internal communication media in the form of a magazine called Spirit circulated
to all employees on a periodic basis. This magazine contains among others messages from the
Board of Directors and management, coverage on products and services launches and inspirational
articles.
Danamon Monthly Internal Bulletin Danamon Monthly Internal Bulletin

EDISI 06/2014 EDISI 09/2014
Spotlight p.3-9 Spotlight p.3-5

Paparan Kinerja Danamon Semester Danamon & OJK Gelar Lokakarya
I Tahun 2014 | Semarak HUT & Pameran Industri Keuangan | Meet
Danamon: Lomba Foto, Corporate The Champions with MU Card |
Colors Day, Syukuran, Luncurkan Danamon Raih SGS 10 Years Award |
DSEA 2014, Halal Bihalal Idul Fitri Insurance Award 2014| Service Quality
1435 H | Dukung Layanan dan Produk Award 2014
Berbasis Syariah
Dclub p.22-24
Dclub p.22 Dclub Jakarta Danamoners Pendaki

Program 1000 Pegawai Donor Darah Gunung | Dclub Medan Jungle
Tracking Air Terjun Teroh-Teroh |
Drunners Jakarta Marathon 2014 |
Turnamen Futsal 2014 - Jabodetabek
FOCUS p.10-11
Mengenal Sosok Danamon FOCUS p.8-15 WHATS ON p.6-7
WHATS ON p.16-17
DSEA & Aplikasi Danamon Mobile
Progress Bisa! Award 2014 Banking (D-Mobile)
Menara Danamon
ENERGETIC CAPABLE

In 2014, Spirit was published nine times in digital form and printed with themes related to Corporate
Culture and Brand Personality Danamon:
Editions Themes
1. Excellence is Not an act but a habit
2. We Do What We Say Walk The Talk
3. All For One, One For All
4. Honesty is The Best Policy
5. Caring
6. Energetic
7. Proactive
8. Enabling
9. Capable
E-Mail Blast
This communication media convey information through email which can be directed to all employees
or to pre-selected group of employees. The type of information which can be featured via e-mail
blast, among others, are the messages of the Board of Directors, corporate information or HR/
divisions policies and products information. There were 355 E-mail Blast published in 2014.

Live Chat with Our Director Skip Level Meeting

Live Chat with Our Director is an event of This activity is an informal forum between the
direct communication with any members of the President Director of Danamon with several
Board of Directors through chatting facility in senior employees of one or two levels below
Danamon portal. In 2014, such program was the Board of Directors. In 2014, Skip Level
held 12 times as follows: Meeting was held twice and attended by 24
employees.
Date Director
10 January 2014 Henry Ho Hon Cheong
21 February 2014 Vera Eve Lim
27 March 2014 Muliadi Rahardja
25 April 2014 Minhari Handikusuma
15 May 2014 Michellina Laksmi
Triwardhany
24 June 2014 Herry Hykmanto
18 July 2014 Fransiska Oei Lan Siem
22 August 2014 Satinder Pal Singh
Ahluwalia
17 September 2014 Kanchan Keshav
Nijasure
Public Affairs Planning and Control
23 October 2014 Muliadi Rahardja Planning and Control Unit aims to ensure that
25 November 2014 Vera Eve Lim the entire operational processes and activities
18 December 2014 Pradip Chhadva managed by the Division of Public Affairs are
carried out well and in accordance with the
work plan and annual budget, so that any
residual risks will not cause adverse impact
on the continuity of Danamons business. This
unit is also responsible for coordinating Human
Resources function covering employees the
development and training.
CUSTOMER SERVICE UNIT

Danamon Access Center or DAC services unit
is a 24-hour service via phone number 500-
Henry Ho Hon Cheong, President Director in 900. This service is available to any customer
Live Chat with Our Director of Danamon or any user of Danamon service
owning account with the Bank or those with
no account but doing financial transactions
through Danamon. DAC team is always ready
to provide the service assistance needed
ranging from requests for information to the
settlement of complaint.

DAC continually strives to improve the existing Category of Customer Complaint

service standards. This endeavor seen in 2014 Complaint settlement is one of the areas of
where CCSEI agencies issued results (Contact most concern to Danamon. It is believed
Center Service Excellence Index) wherein DAC that a complaint when handled correctly and
received five awards. Priority Banking ranked appropriately increase customer trust and
in the Top four, while the Regular Credit Card, satisfaction level.
Regular Banking, Platinum CC as well as
incoming Email made it to Top 10 in rankings. Customer complaints are divided into two
categories:
One of DACs focus of attention is to 1. Quick Kill, an immediate complaint
continuously improve in the area of complaints settlement by a frontliner at the time of the
settlement. As such, DAC Customer Care is complaint.
present to respond all claims as a centralized 2. Non Quick Kill, a complaint requiring further
customer complaint handling service unit. The handling by the Customer Care team.
mechanism of handling and settling customer
complaint refers to the OJK regulation on DAC Customer Care
Customer Protection Number 1/POJK.07/2013 DAC Customer Care are units centralizing
and Bank Indonesia Regulation Number 16/1/ customer service complaints. Complaints can
PBI/2014 regarding Consumer Protection of be filed either in through various channels such
the Payment Services System. as Call Center, Correspondence, Branches, and
other divisions. As a benchmark settlement,
To continue refining and improving the quality the customer will be informed of the timeframe
of complaint settlement, DAC continuouly required in accordance to the type of problem.
enhance supervision of handling and finding
resolution to the complaints. DAC also ensures DAC and Service Quality team will periodically
the SLA for complaint closure is achieved. conduct a review of existing problems for
feedback to the relevant units as the basis for
DAC in this case do not work alone. Rather, DAC improvement of processes or services in area.
collaborates with the related work units as well Besides issues received, other completion
as the Service Quality Team. The collaboration will be reported periodically to the Danamons
not only limited to do a review on the existing management.
issues, but also provide feedback in order
to increase the effectiveness of complaint
handling and settling customer complaint.
DAC also delivers reports periodically to
the management of the Bank on the service
issues addressed and settlement of customer
complaint.

Customer Complaints Management 2014

Non-Payment Related to
Reasons of Customer Complaints Total
System Payment System
Customers knowledge of product characteristics 2 ,249 7 ,547 9 ,796
Inadequate information of products 440 466 906
Disruption/breakdown of Information technology and 171 3 ,444 3 ,615
equipment
Disruption/breakdown of ATM/payment point 331 7 ,919 8 ,250
Change/termination of agreement/contract 248 83 331
Customers negligence 2 ,537 1 ,157 3 ,694
Banks negligence 147 1 ,039 1 ,186
Banking frauds 617 16 633
Others 0 0 0
CATAGORIES OF PROBLEMS
Administration Account
Interest/Profit
Fine/ Fee / Transaction Receivable
PRODUCT TYPE sharing / Others Total
Penalty Provision/ Failure/Delay /Account
Profit Margin
Transaction Balance
(a) (b) (c) (d) (e) (f) (g)
1. Funds Collection
1.1 Demand Deposits 3 2 18 5 28
1.2 Saving Deposits 4 21 24 290 144 904 1 ,387
1.3 Time Deposits 1 1 11 13
1.4 Inter-Bank
1.5 Other 0 0 254 69 145 3,037 3 ,505
2. Funds Distribution
2.1 Credit/Financing
2.1.1 Investment 5 1 2 8
Credit/Financing
2.1.2 Working 1 3 4
Capital Credit/
Financing
2.1.3 Consumption 52 82 55 218 220 739 1 ,366
Credit/Financing
(non CreditCard)
2.2 Inter-Bank
2.3 Other
3. Payment System
3.1 ATM/Debit Card 7 7 1,264 1,855 12,294 15 ,427
3.2 Credit Card 4 12 19 91 2,981 2,074 5 ,181
3.3 Pre-Paid Card 1 1
3.4 Direct Debit 1 2 3 23 4 33
3.5 Standing Instruction 2 2
3.6 Travellers Cheque 1 1
3.7 Clearing 83 245 328
3.8 RTGS 1 1 32 2 20 56
3.9 Electronic Banking 17 11 27 543 598
3.10 Remittance 10 4 14
3.11 Other 30 30
CATAGORIES OF PROBLEMS
Administration Account
Interest/Profit
Fine/ Fee / Transaction Receivable
PRODUCT TYPE sharing / Others Total
Penalty Provision/ Failure/Delay /Account
Profit Margin
Transaction Balance
(a) (b) (c) (d) (e) (f) (g)
4. Joint Products
4.1 Bancassurance 26 129 58 134 73 420
4.2 Mutual Funds 1
4.3 Other
5. Other Products
5.1 Bank Guarantee 2 2
5.2 Trade Finance
5.3 Derivatives 1 1
5.4 Wealth Management 2 2
5.5 Safe Deposit
5.6 Other) 3 1 4
Total 28 ,411
CONSUMER SERVICE QUALITY

Consumer Service Quality (CSQ) is one of the units under the Consumer Banking Directorate is
responsible for the implementation of the service of a conventional branch in providing Service
Excellence to customers.
Organizational Structure of Consumer Service Quality
Consumer Banking Director

Michellina Triwardhany
Consumer Service
Quality Head
Sri Setyaningsih
Service Service Process Measurement

Process Improvement
Performance Strategy Program & & Office Management
Head
Management Head Development Head Manager
Service Culture and Service Quality

In building Service Culture and improve quality of service, Consumer Service Quality initiated
services benefiting branch to meet its customers satisfaction level, earn their loyalty and engage
customers to the Bank.

During 2014, Danamon received various appreciations in service, among others:

Nama Event
No Nama Penyelenggara Kategori Penghargaan Peringkat
Penghargaan
1 Marketing Research Bank Service Best Overall Performance 5
Indonesia & Infobank Excellence Monitor Commercial Bank 1
(BSEM) 2013/2014 Best Teller Commercial Bank 1
Best ATM Islamic Business Unit 3
Best Phone Handling Islamic
Business Unit
2 MarkPlus Insight & MarkPlus WOW The Best of Banda Aceh 1
Marketeers Service Excellence The Best of Pontianak 1
Award 2014 The Best of Makassar 1
The Champion of Medan 2
The Champion of Semarang 3
The Champion of Balikpapan 3
The Champion of Jayapura 3
The Champion of Bandung 3
The Champion of Surabaya 2
3 Institute of Service Service Quality Bandung 1
Management Studies Overall 2013 Jakarta 3
(ISMS) & Infobank
4 Roy Morgan Roy Morgan Customer Bank institution 3
Satisfaction Award
2013
5 Carre-Center for Customer Excellence Service Good Grade for Regular Banking -
Satisfaction and Loyalty Experience Award Category
(Carre-CCSL) 2014
Several initiatives were undertaken to Process improvements that have been

consistently support the implementation of performed, among others Paperless Account
Service Culture and Service Excellence, Opening, Time Deposit Quick Redemption
among others Service Program, Service by Transfer to Saving, Process Improvement
Competition, Service Measurement, and Western Union, Centralized Customer
Service Training & Development. Complaint/D Connect, and Sales & Service
Officer (SSO) Documentation Project.
Consumer Service Quality has provided Service
Training to 2.719 employees of Retail Banking The process improvements are an attempt to
Operation, Human Resources - Employee make Danamon as the Bank with the fastest
Service Centre (ESC), and Small Medium service in Customer Service and Teller. In
Enterprise (SME) across Indonesia. In addition, addition, Service Clinic activities have been
Consumer Service Quality also provides special carried out to 250 branches of Danamon, which
attention and effort to increase service quality aims to improve processes and customer
through process improvement impactful for service standards.
customers. Such process improvement aimed
to increase customer service satisfaction and
comfort level when transacting through a
simple, fast, and flexible process.

CORPORATE CULTURE CODE OF ETHICS

Corporate culture is a set of values which Danamons Code of Ethics is prepared based
guide, provide order and manage behavior on the Banks Vision, Mission, and Core Values,
of the employee, Directors and Board of Banking Ethics, regulations, and applicable
Commissioners of Danamon in performing laws. The Code of Ethics is a basic guideline
their duties and responsibilities to achieve the and an integral part of the Banks policy, as well
objectives aligned with the Companys Vision as a part of its Collective Labour Agreement.
and Mission. Danamon continuously socializes The Code of Ethics covers the propriety of the
and internalizes its Corporate Culture to ensure policy, or appropriateness, based on the values
its existence and is reflected in the day-to-day and moral considerations concerning integrity,
activities, interaction and decision-making. conscience, self-awareness, professionalism
and a positive image, as well as the Banks
Corporate Culture Principles good reputation.
Danamon maintains a corporate culture driven
by the Banks cultural values which consists of The Scope of Code of Ethics Implementation
Caring, Honesty, Passion to Excel, Teamwork, All parties, which include Directors,
and Disciplined Professionalism. Commissioners, and Employees, without
exception, must understand, comply and
Caring, implement Danamons Code of Ethics. The
We give a genuine concern for the well-being consequence of violating against Code of Ethics
and advancement of others. This will bring out is sanctioned to termination of employment.
the best in us.
Code of Ethics Principles
Honest, A Code of Ethics is formed referred to the
We always hold the truth to ourselves and Banks core values. In principle, Danamons
others without any hidden agenda. Code of Ethics regulates the following:
Passion to excel, Code of Ethic Conflict of Interest

We always dare to come up with better ways All parties must avoid situation where conflicting
of doing things to achieve the best result, interest between personal interest and interest
whilst mitigating the risks involved and without of the company may occur.
compromising the solidity of our company. Relating to Danamon, the following items which
govern this matter:
Teamwork, 1. Employee Status
We leverage the diversity amongst us as the In principle the Company does not wish its
strength of our team to achieve common goals. employee to be bound with employment
agreement with another employer during
Disciplined professional, working hours, and/or having another
We deliver our responsibility with the highest income outside the Company.
standards and ethics and professionalism, 2. Protection and Utilization of the Companys
through Disciplined People, Disciplined Property
Thoughts, and Disciplined Actions. In principal, the utilization of the Companys
property is intended for carrying out work
assignments, which has to follow the
prevailing procedures and for the Companys

interest. The utilization for the purpose other 3. Relation with Partners (Third Party/Supplier/
than for work has to be accounted for and Vendors)
requires prior written permission from the All Parties must refrain from making
Head of the Work Unit. decisions for personal interest, family,
3. Family Relationship friendship or based on unprofessional
In terms of acceptance of the New Party, reasons.
candidate of the Parties who have a direct 4. Giving and Receiving Present/Gift
family relationship with the other Parties In Principle, the Company does not allow
(father, mother, wife, husband, brother/ to provide or accept gift of any kind,
sister, or son/daughter) are to be avoided. presents from other parties in returning
In case, under special circumstance and for favors, service, expressing sympathy with
certain reasons retention of the said parties reference to person to person business.
is required, the parties is not allowed to 5. Entertainment
be in the work unit that is related or have In principle, entertainment may only be
influence on one another. exercised by Directors, Commissioners
and selected Officers for the interest of the
Relationships with Others Parties, which set company and implemented in line with the
about: prevailing regulation and not conflicting with
1. Relationship with Other Parties the Companys values.
Protect the customers, colleagues and/or 6. Protection and Utilization of Customers,
vendors confidentiality in accordance to Clients and Vendors Property Rights
the prevailing rules and regulations. Avoid The parties are not allowed to user or accept
making decision on behalf of the Company, facility owned by customers, clients and/
which implies conflict of interests based or vendors and prohibited from accepting
on friendship, family tied, and/or others for or requesting loans from them for personal
own benefit or benefit to others. Not using interest.
the Companys name for personal interest, 7. Bribery
among others for political and/or other The Company prohibits bribery in any shape
personal business activities. Not giving or form.
others items which may cause negative 8. Activities outside the Company
presumption and place the Companys Employees and Directors are prohibited from
reputation at risk. occupying positions in any political party or
2. Customer Service Conduct political-oriented public organization, which
Employees should be responsive and make may potentially consume working hours or
every effort to understand customer needs concentration, except with the companys
and give their best in seeking alternative approval.
solutions to solving customer issues, while
attending the interest of the company and
the prevailing laws and regulation.

Employee inter-relations, which governs about: Code of Ethics Compliance and Ethics
1. Ethics of Teamwork 1. Compliance with Related Regulation
Relations between the employees shall not The parties concerned must study,
be affected by a threat, violence, and any understand and comply with any prevailing
form of discrimination and abuse based on rules, policy or regulation and or all directions/
race, religion, color, gender, age or personal instruction relating to their positions/
inability either through comments, teasing function within the organization hierarchy.
and or action, nor shall the inter-employee In relation to other parties, the prevailing
relations be affected by the interest of an provision, policy or regulation applicable is
individual employee and the Company or restricted to the relevant parties. For Parties
among groups within the Company. that perform any deviation, negligence
2. Marriage between Employees or violation of the prevailing Provisions,
In case of marriage between employees, Policies or Regulations, shall be penalized
they shall not be allowed to work in the in accordance with the procedures and
same work unit having a direct relation or applicable regulations.
otherwise can influence each other.
2. Matters Related to Ethics
Code of Ethics Dealing with Information The parties should demonstrate their
Relation between Parties Concern with professional value and ethics in maintaining
Company appearance and attire. The parties concerned
1. Information Security are prohibited from using harsh words
All information belonging to the Company abusive, alluding to someones physical
shall have status as Companys proprietary defect, ethnic group, race, religion or words
right (right which cannot be possessed by that can be classified as foul words, either in
other party without consent). Each Party Indonesian language or any other languages
shall be responsible for securing and in an emotional and unprofessional
preserving confidentiality of the information manner as to ensure harmonious working
they deal with in accordance with the environment is maintained. The parties
prevailing regulation. concerned are prohibited from smoking in
2. Other Parties Proprietary Information the working environment, either during or
The Parties concerned must protect all outside working hours either individually or
forms of information known belonging in a group, except in a specifically assigned
to other parties. Accordingly Each Party smoking room aimed to ensure healthy
does not have the rights to distribute such environment, clean and prevent from any
information without prior consent of both fire hazard.
parties involved or based on commitment
made with other parties or the prevailing Distribution, Enforcement and Sanction due
laws and regulation, must be treated to breach of Code of Ethics
confidential. As part of enforcement, every employee
has signed the Code of Ethics Statement
submitted to the Human Resources Division
(HR), Head Office. The Unit Head socializes
Code of Ethics to the employees under his/her

coordination and is required to report to his/ Committee periodically. Whistleblowers report

her direct superior, or Head of work unit and/ also reported to OJK each semester according
or the local Human Resources unit in case of to the SEBI No. 13/28/DPNP regarding
breach, or attempt to breach Code of Ethics. implementation reporting anti fraud strategy.
In addition, Code of Ethics has become part of
performance appraisal process conducted by Whistleblower Policy
semester. Danamon support whistleblowers by publishing
Directors Decree No. Kep: DIR-COMP-025
The consequence of serious breach to the Whistleblowers and Director Decree No. Kep:
code of ethics is from sanction to termination DIR-CORP.SEC-007 subject Policy Fraud
of employment. and Fraud Committee. This policy has been
socialized to all employees through a variety of
WHISTLEBLOWING SYSTEM media such as: email blast, a Portal company,
Whistleblower System is a communication and the companys website (www.danamon.
channel provided by the company that allows co.id).
employees, customers, vendors or other parties
to report instances of fraud or other violations Protection for Whistleblower
without fear. System of whistleblowers is Danamon also provides protection for
one form of commitment in supporting employees who report fraud or other violations
the implementation options of corporate of the Act by publishing Director Decree
governance is good business practices and No. Kep: DIR-SDM-060 subject Employee
integrity. Protection. This is in order to provide support
and security for employees who reported the
In providing a sense of security for the fraud Act.
imformant, the imformant does not obligate to
Danamon include identity. But if the imformant Delivering Violation Report
mentioned the credentials, then the Danamon In order to provide convenience and sense of
will protect and maintain the confidentiality of security, Danamon provides means of reporting
the identity of the imformant. set in the Whistleblowers Policy.
All information coming into the whistleblower or Violation report related to fraud, breach of
fraud hotline will be reviewed and acted upon by code of ethics, morality, infringement and other
the related parties such as: HR Division, Fraud threats can be submitted by the informant
Investigation Unit investigating fraud Units or (employees or third parties) through email or
SKAI is in the Line of Business or subsidiary. fax to:
Based on the policy of Whistleblowers, - Internal Audit Work Unit,
each report is received and the results of the - Human Resources Division, and
investigation will be registered every month to - Compliance Work Unit
then reported to management and the Audit No Fax: +62 21 25505950
Email: whistleblower@danamon.co.id

Specifically on violation related to fraud may In addition, Danamon also provides legal
also be addressed to the Fraud Investigation protection in line with the provisions of the
unit under SKAI via Email: fraud@danamon. applicable legislation and regulations. This
co.id. commitment includes protection from criminal
prosecution and/or civil liability, as well as the
Each report needs to contain the following: protection of personal safety and/or physical
1. Name involved in the violation or indicative threat from reporters family and/or mentally.
to violation.
2. Chronology of events Managing Complaint, Parties Handling
3. Time and place of incident Complaint and Sanction
Reports received by the Internal Audit Unit,
Violation by Member of the Board of Human Resources and/or the Compliance
Commissioners and Directors Unit are evaluated for possible escalation
Report on the violation or potential violation toward investigation stage or forwarded to the
by member of the Board of Commissioners or appropriate parties.
Directors, other than the above communication
channel, the informants can submit their report The process of investigation is carried out under
in writing sealed addressed to the Chairman presumption of innocence and objectivity. To
of the Audit Committee (Independent ensure examination is carried out objectively,
Commissioner). investigation on potential violation is conducted
by the internal and independent investigating
Protection for the Informants team. The Investigation report includes the
Danamon is committed to protecting the supporting evidences and reported to the Board
informants, building sense of security and of Directors and Audit Committee periodically.
safety and encouraging those who are exposed
to file a violation report. The protection is Report on the results of investigation is used
provided in the form of: as the basis for decision to sanction or lead
a. Protection of the informants identity, to further action. Furthermore, the party or
including information used in contacting the individual who is proven as the violator is
informant. sanctioned in accordance to the prevailing
b. Protection of the informants from retaliation laws and provision in line with Danamons
by those being reported or other affected internal regulation. To maintain objectivity,
parties. sanctions are given by the Fraud Committee at
c. Protection from pressure, rights as Headquarters and Regional levels.
employee, legal lawsuits, assets to physical
harm.
d. Protection extendable to include family
members of the individuals who report.

Complaint Handling Results in 2014

Throughout the year 2014, Danamon through the system of violation reporting, accepted and
investigated 128 reports. Up to the end of 2014, 71 investigation reports were completed and
resolved, 22 of which related to fraud cases and 49 cases non-fraud. While the remaining 57 reports
are still under investigation.
Complaints Status
LOB/ Number of Review Completed
Subsidiaries Complaints Still being
Total Closed Fraud No Fraud investigated
Finding Findings
Danamon 108 54 7 47 54
Danamon-Unit - - - - -
Usaha Syariah
Anak 20 17 15 2 3
Perusahaan
Jumlah 128 71 22 49 57
Danamon considered that the implementation of Whistleblower policies had been effectively
conducted to expose frauds.
GOOD CORPORATE GOVERNANCE SELF-ASSESSMENT

Danamon periodically conducts a self-assessment on the implementation of corporate governance,
in accordance to the assessment period on Commercial Banks Soundness Level, implemented
every semester, at end of June and December positions.
The assessment is conducted on the quality of banks management in implementing comprehensive

and structured corporate governance principles integrated into three (3) governance aspects:
governance structure, governance processes, and governance outcomes.

Self Assessment Report of the Implementation of GCG

Bank Name : PT Bank Danamon Indonesia, Tbk.
Position : Per December 2014
Self Assessment Result of GCG Implementation

Rating Rating Definition
Individual 2 (good) Indicates that the Bank Management in general has implemented Good
Corporate Government both in individual and consolidated in an appropriate
manner.
This is reflected from adequate fulfillment over the principles of Good Corporate
Consolidation 2 (good) Governance. Any weakness in the implementation of Good Corporate
Governance principles is less significant in general and may be resolved through
normal measures by the Bank Management and its subsidiaries.
Analysis
Based on the self-assessment undertaken,
Implementations of Good Corporate
the Bank maintains a structure and adequate
Governance principles in general have
governance infrastructure thus enable the
proceeded as they are intended to be and have
implementation process of GCG principles to
been implemented comprehensively and in a
proceed effectively while generating quality
structured manner toward the three aspects
outcomes. This is indicated in following variety
of governance namely strucuture governance,
of indicators :
process governance, and outcome governance.
Quantity, composition, criteria,
independence of the Board of Commissioner,
Assessment toward GCG implementation
Board of Directors, Committees, and
have been carried out against the factors of
Business Units have satisfied the conditions
task implementation and the responsibilities
and match the scale and complexities of
of the Board of Commissioner; tasks and
banking business.
responsibilities of the Board of Director; integrity
Adequacy of Policies in Governance,
and task implementation of the Committee and
Guidance, and Code of Conduct as well
business unit; management around conflict of
as delegations of duties, responsibilities,
interests, implementation of the compliance
and functions of each of Bank organs
functions; implementation of internal and
which support the effectiveness of the
external audit functions; implementation of
implementation.
risk management including internal control
Implementation of compliance department
system; provision of funds to relevant parties
functions, adequate internal and external
and provision of funds in significant amount;
audits reflected through the satisfactory
transparency of financial and non financial
level of Bank compliances toward the
conditions, implementation report and internal
regulation and commitment as well as
report; as well as strategic plan.
implementation of internal audit with a
coverage which matches the risk level of a
Bank.

Implementation of risk management and Subsidiaries have been conducted by referring

adequacy of internal control supported to the GCG assessment factors in accordance
by policies, procedures, and adequate to the banking standards. The results of the
management information system supporting assessment produced a Good rating as
the Banks operational activities. reflected in several following indicators::
Implementation of functions, duties, and Each of the subsidiary maintains a structure
responsibilities of Banks organs have and adequate governance in accordance
proceeded accordingly thus enable the with characteristics and existing conditions
optimum level of supervisory and control for each of the subsidiary.
functions. All processes have been implemented
Implementation of strategic plan and based on the framework and conditions
business in a consistent manner. stipulated on the policies and internal
Disclosures of financial and non-financial procedures supported by the availability of
conditions, product information, annual comprehensive governance structures and
report as well as implementation of Bank perform the their duties and responsibilities
GCG transparently and easily accessible by accordingly
Stakeholders. The outcome quality and sufficient
implementation of GCG principles as well
as satisfying the principles of GCG and
Consolidated GCG
expectations of the stakeholder.
In order to strengthen the implementation
of consolidated GCG, the Bank maintains
Based on the assessment over the
consolidation and alignment in a sustainable
implementation of GCG at the Bank and its
manner over the principles of Bank GCG for
Subsidiaries, the outcome of consolidated
further implementation in the Subsidiaries by
GCG assessment for first semester of 2014 in
taking into accounts the characteristics and
general is Good. No significant issues were
complexities of each subsidiary. Each of the
found in implementing GCG principles in the
subsidiary has been supplied with guidance
Bank and Its Subsidiaries. Nevertheless, the
and GCG policies as references and joint
Bank will continually conduct reviews on a
commitment of the entire corporate organs.
consistent basis in order to attain an optimum
process, effective control, level of compliances,
During the self-assessment on the
and the attainment of performance which meet
implementation of consolidated GCG, the
the expectation of stakeholders.
assessment toward the implementation
of GCG were conducted both at the Bank
individually and in each of its subsidiaries.
Assessments of GCG implementation at the

GCG-RELATED AWARDS
Danamon menerima penghargaan selama tahun 2014 yaitu:
Best Overall Award ASEAN Corporate Governance Scorecard from Indonesian Institute of
Corporate Directorship (IICD) of 2014
First Rank in 2013 Annual Report Award for Listed Financial Private Category.
Best Corporate
Governance Award (ARA)
The Indonesian Otoritas Jasa Keuangan (OJK), Bank Indonesia
Institute (BI), Indonesia Stock Exchange (IDX),
for Corporate Directorate General of Taxation, Ministry of
Governance BUMN, Komnas Kebijakan Governance dan
Best Corporate Ikatan Akuntan Indonesia.
Governance Overall 1st Annual Report Award (ARA) 2013 Categories
(8 December 2014) listed financial institution.
STATEMENT OF THE IMPLEMENTATION OF GOOD CORPORATE GOVERNANCE

PRINCIPLES
All members of the Board of Commisioner, Board of Director, and employees of the Bank have
implemented the principles of Good Corporate Governance and there are no material breaches
toward the prevailing laws and regulations.
Ng Kee Choe Henry Ho Hon Cheong

President Commissioner President Director

Syariah Corporate Governance
PREFACE providing cash management service by

The implementation of principles of Good optimizing existing office network and
Corporate Governance (GCG) is an absolute delivering Syariah products and services;
requirement to the success of the company, In addition, UUS Danamon collaborating with
for which UUS Danamon continue to strive its bank parent Danamon aimed to improve
for. The goal is not only to meet the conditions marketing activities with the network of parent
set by the regulators, but also to support the bank offices to increase funding growth through
continuing growth of the Company and to the Syariah service network (office channeling/
achieve the targets set for the long term. OC).
The implementation of GCG can only be done In 2014 UUS Danamon initiated Branch
with the synergy and commitment from all Transformation which encompass relocating
organs of the Company, namely the general of offices, closing offices where necessary,
meeting of shareholders (GMS), Board of and reviewing in order to optimize the existing
Commissioners, Board of Directors, officers office network through:
and all employees of the company. Consolidating branches with pawn Gold
Syariah service;
The benefits of implementing GCG is reflected Adding Syariah Service Centers (Office
through the achievement of the companys Channelling);
performance both quantitatively as well Relocating, opening and closing of ATMs
as qualitatively including financial and non within the Office Network;
financials, as well as appreciation from external
parties. Accoridingly, by end of 2014 UUS Danamon
has 25 branch offices (KCS), 27 Sub-office
UUS Danamon Initiatives Syariah (KCPS) and 145 Office Channeling
In 2014, UUS Danamon remain committed Syariah Service (LS/OC)
to applying the GCG principles in the
implementation of its business strategy In addition, in 2014 UUS Danamon refined
focusing on growing its portfolio of small and documentation used by customers to ensure
medium enterprises in particular: business activities are conducted in orderly
financing to the Employee Cooperative manner, fair, transparent, accountable in line
(Kopkar), as well as financing to BPR with the GCG principles to ensure the growth of
Syariah; the financial systems is sustainable, stable and
accumulating third-party funds together
with the retail segment;
490 PT Bank Danamon,

Danamon Indonesia,
Tbk. Laporan
Tbk.
Tahunan
2014 Annual
2014 Report
able to protect consumer and public interests. b. iB Vaganza UUS Danamon in 2014
The refinement of documents among others wherein UUS Danamon also organized
cover brochure, account opening and product activities that support the Financial
application forms, agreements and other Literacy programs initiated by Otoritas
documents as required as set in line with the Jasa Keuangan (OJK). The in Vaganza
Financial Services Agency (OJK) regulations iB program consists of activities with
and circllar letters related to consumer various themes in the form of talk shows,
protection. media gathering and exhibition. Thematic
activities cover managing financial and
Effective implementation of GCG is beneficial investment, update on the development of
to the companys sustainability through good Islamic finance, including also educating
financial performance, business growth and various segments of the society such as
commitment in implementing healthy banking employers, employees and housewives.
practices. The company also ensure financial
and non financial conditions are published to 1. SYARIAH SUPERVISORY BOARD
the stakeholders in its entirity, complete and in 1.1. The number and composition of the
timely manner. Syariah Supervisory Board
During 2014 there was no change in the
In 2014, the UUS Danamon business composition of the Syariah Supervisory
development activiities cover among others: Board of UUS Danaon. Thus the
composition of the Syariah Supervisory
a. Launching of several UUS Danamon Board is as follows:
Products: 1. Prof. Dr. H.M. Din Syamsuddin (Ketua)
Ijarah Financing Muntahiyya bittamlik 2. Drs H. Karnaen A. Perwataatmadja,
(IMBT), namely the principle of hire MPA, FIIS (Anggota)
purchase financing between owner and 3. Dr. Hasanudin, M.Ag (Anggota)
tenant IMBT objects (Customer / lessee)
to get a reward (Ujrah) on an object that 1.2. Concurrent Position of Syariah
is leased by IMBT transfer of ownership Supervisory Board Members at other
of the object through buying and selling. Syariah Financial Institutions
Tabungan BISA Qurban iB is a savings Every member of UUS Danamon Syariah
product that designed to ease the public Supervisory Board are in compliance
in purchasing sacrificial animals through with PBI regulation No.11/10/PBI/2009
regular deposits of funds on a monthly on Syariah Business Unit juncto PBI
basis. No.15/54/PBI/2013 on the Amendment
of PBI No.11/10/ PBI/2009 on Syariah
Business Unit. In 2014, the concurrent
positions of UUS Danamon Syariah
Supervisory Board remains unchanged
as 2013 as seen in the following table:

Position in other
Name Name of the Company
Companies
Prof. Dr. H.M. Din Syamsuddin (Ketua) SSB Bank Bukopin
Drs H. Karnaen A. Perwataatmadja, MPA, FIIS SSB a) Asuransi Bintang Syariah Unit
(Anggota) SSB b) Asuransi Manulife Syariah Unit
SSB c) BPRS Harta Insan Karimah
Dr. Hasanudin, M.Ag (Anggota) SSB a) BNI Syariah
SSB b) Asuransi Tugu Pratama
SSB c) Asuransi Re-Indo
d) Toyota Astra Finance Services
1.3. Syariah Supervisory Board 2014 Work Program
1. Syariah Supervisory Board convene at least 12 (twelve) times in a year to discuss the
Syariah compliance issue, new product launching proposals and opinion request on some
conditions occurred in daily operations.
2. To conduct periodic review and monitoring on the compliance of Syariah Principles with
funding and lending mechanisms as well as UUS service by conducting sampling test on
several funding and lending clients.
3. To promote communication with UUS Danamon Syariah Assurance & Operations Division
in every activity conducted by SSB of UUS Danamon (such as SSB opinion request),
to evaluate and seek larifications from UUS Danamon authorized officials on required
matters.
4. To prepare SSB Bi-annual Evaluation Report to be submitted to Bank Indonesia, with
copies for DSN-MUI, Board of Commissioners, UUS Danamon Directors, Internal Audit
Unit and Compliance Unit.
5. To attain more information/ knowledge by optimizing SSBs potentials through various
trainings and workshops that can drive UUS Danamon growth.
6. To provide advices and recommendations for UUS Danamon Director in particular and
Danamon Management in general, so that improvements, Syariah principal compliance
and UUS Danamon growth and development can be achieved.
1.4. Realization of SSB Work Plan in 2014 :

1. During 2014, the Syariah Supervisory Board held 13 (sixteen) meetings with agenda as
stated in this following table:
No Day/Date Place Agenda Attendance
1. Thursday, MBD 1. Update on the performance 1. Prof. Dr. Din Syamsuddin
23rd of of the Syariah Business Unit 2. Dr. Hasanudin. M.Ag
January of Danamon & Financing 3. Drs. Karnaen A Perwataatmadja
2014 composition by Akad & Product MPA., FIIS
2. Code of conduct
2. Tuesday, MBD 1. Update on the performance 1. Prof. Dr. Din Syamsuddin

25th of of the Syariah Business Unit 2. Dr. Hasanudin. M.Ag.
February of Danamon & Financing 3. Drs. Karnaen A Perwataatmadja
2014 composition by Akad & Product MPA., FIIS
2. Update on problems in the
Syariah Business Unit, and
related issues with the activities
of Syariah Business Unit and
Danamon (Discussion)

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3. Wednesday, Gedung Discussion on the features of IMBT Dr. Hasanudin. M.Ag.
2nd of April DSN MUI
2014
4. Tuesday, MBD 1. Update on the performance 1. Dr. Hasanudin. M.Ag.
15th of April of the Syariah Business Unit 2. Drs. Karnaen A Perwataatmadja
2014 of Danamon & Financing MPA., FIIS
composition based on Akad &
Product
2. Recommendation of IMBT
features
5. Thursday, Plaza Management on Alms Funds/ZIS 1. Dr. Hasanudin. M.Ag.
22nd of Kuningan through ZIUS UUS BDI Unit 2. Drs. Karnaen A Perwataatmadja
May 2014 MPA., FIIS
6. Thursday, Plaza 1. Update on the performance 1. Prof.Dr. HM Din Syamsuddin
19th of June Kuningan of the Syariah Business Unit 2. Hasanudin. M.Ag.
2014 of Danamon & Financing 3. Drs. Karnaen A Perwataatmadja
composition by Akad & Product MPA., FIIS
2. Update on Branch Transformation
7. Tuesday, Plaza 1. ITFC (International Trade Finance 1. Dr. Hasanudin. M.Ag.
19th of kuningan Corporation) 2. Drs. Karnaen A Perwataatmadja
August 2014 2. Update Branch Transformation MPA., FIIS
8. Thursday, Gedung MUI 1. Discussion on the terms on the Dr. Hasanudin. M.Ag.
4th of funding products brochures
September 2. Funding for housing loans with
2014 Akad MMQ
3. Finance Restructuring of PT Citra
Sari Makmur (CSM)
4. Notary Partner of Syariah
Business Unit of Danamon
9. Thursday, Plaza 1. Update on the performance 1. Dr. Hasanudin. M.Ag.
25th of Kuningan of the Syariah Business Unit 2. Drs. Karnaen A Perwataatmadja
September of Danamon & Financing MPA., FIIS
2014 composition based on Akad &
Product
2. Syariah Forward Agreement
3. Branch Transformation
10. Friday, 31st Plaza 1. Update on the performance of 1. Dr.Hasanudin, M.Ag
of October Kuningan the Syariah Business Unit of 2. Drs. Karnaen A Perwataatmadja
2014 Danamon MPA., FIIS Dr. Hasanudin. M.Ag.
2. IMBT financing, ITFC, Cross
Selling
11 Monday, Wisma Update on Branch Transformation Prof.Dr.HM.Din Syamsuddin
24th of Nusantara
November Lantai 29
2014
12 Thursday, MBD Pkl Update on Branch Transformation 1. Dr. Hasanudin. M.Ag.
27th of 09.00 2. Drs.Karnaen A Perwataatmadja
November 10.00 WIB MPA, FIIS
2014
13 Thursday, MBD Pkl 1. Update on the performance of 1. Prof.Dr. HM Din Syamsuddin
27th of 11.00 the Syariah Business Unit of 2. Hasanudin. M.Ag.
November 13.00 Danamon 3. Drs. Karnaen A Perwataatmadja
2. Update on problems in the MPA., FIIS Drs. Karnaen A
Syariah Business Unit of Perwataatmadja MPA., FIIS
Danamon

Based on table above in 2014 Syariah SSB has conducted sampling trials
Supervisory Board held 13 (sixteen) meetings by selecting a sample of funding and
with attendance as following table: financing customers as follows:
10 funding customers,
Total 45 Co-operative employees
Name
Attended 45 Commercial customers
1. Prof. Dr. H.M. Din Syamsuddin 5 10BPRS customers
2. Drs H. Karnaen A. 10 30 Solusi Emas Syariah customers
Perwataatmadja,MPA, FIIS Of 140 customers above, SSB
3. Dr. Hasanudin, M.Ag 12 selected 32 (thirty two) financing
customers based on values
Accordingly, the number of Syariah
categorized as large, medium and
Supervisory Board Meetings held
small. The details are as follows:
during the year is in compliance
4 funding customers,
with the regulations. Decisions in the
9 Co-operative employees and 5
Syariah Supervisory Board meetings
commercial Customers
were made based on discussion and
4 BPRS customers
consensus. The minutes meeting
10 Solusi Emas Syariah
are documented and circulated to
customers;
the Director of UUS Danamon and
members of the management for
3. During the year 2014, DPS has
implementation.
performed coordination with Syariah
Assurance & Operations Division to
2. Review and evaluate the fulfillment
support its functionality as a DPS,
of the Syariah principles and
among others by publishing 11
perform periodic test (sampling)
(eleven) opinion of DPS, the details
on the activities related to funds
are as follows:
accumulation and channeling of
gathering together and channelling
funds. In addition, review and
evaluate the Syariah contracts
related funding and its channeling ,
operational policies and procedures
to ensure conformity between
the Syariah provisions and its
implementation in the field. In 2014,

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No Problems/Topics
1 Requests for opinions on the DPS over the fines and Compensation (Ta'widh) over the product Financing
IMBT iB
2 Requests for opinions on the DPS over the naming of the work Unit
3 Requests for opinions on the DPS over the savings products Can Qurban iB
4 Opinions on the code of conduct Additional DPS is specific to Syariah Business Unit Clerk (UUS)
Options
5 DPS Opinion on Financing Products IMBT After the FSA Notification Letter
6 Opinion DPS Payment Sharing Funds on Deposit Investment Daily
7 DPS Opinion on Technical Implementation Employee Cooperative Financing Take Over (Kopkar)
8 Application Opinion DPS on Products "Savings Can UMRAH iB" with Extra Features Guide Takaful
9 DPS Opinion on Customer Murabahah
10 Fatwa DPS UUS PT Bank Danamon Indonesia, Tbk on Portion Part Amil on ZIS Unit UUS Danamon and
Partner Institutions Zakat
11 Islamic Trade Finance Corporation) Financing Trade Finance Cooperation between UUS Danamon
Syariah and ITFC (International Islamic Trade Finance Corporation)
4. DPS report the results of its monitoring every six months to the Financial Services Authority
(OJK), copies to the DSN-MUI, the Board of Commissioners, Directors UUS Danamon,
Internal Audit and Compliance Division of the Bank.
5. In 2014 DPS participated in the following training/workshop for development and

maximizing their potentials as follows:
TRAINING/WORKSHOP
Ijtima Sanawi (Annual Meeting Syariah Supervisory Board All, 16-18 December 2014, Hotel Mercure
Ancol, Jakarta
6. Provide advice and recommendations to the Director of the UUS Danamon in the regular
DPS monthly meetings or at various occasions on improvement initiatives, compliance
related to Syariah principles as well as on the development and growth of UUS Danamon.
The recommendations of DPS ensure activities of UUS Danamon is in accordance to the
set performance, comply with the prevailing regulation in particular aligned with Syariah
principles.
1.5. Syariah Supervisory Board Supervision

Results of the supervision of Syariah Supervisory Board (SSB) is reported to the Financial
Supervisory Agency (OJK) with copy to Compliance Divison, Internal Audit, Board of
Commissioners and Directors of PT Bank Danamon Indonesia, Tbk as well as to the National
Syariah Board-Indonesia Ulama Countil (DSN-MUI) through the SSB Supervisory Report
covering two periods: January to June 2014 and July to December 2014. The Supervisory
Report consists of:
a) Financial report including development of branch network, products and human resources
during the supervision period.
b) Working paper of the supervision to the product development
c) Working paper of the supervision on the banking activities
d) SSB opinion issued during the supervisoion period

In addition to supervising, SSB periodically also provide recommendation, suggestion and

advice to the Board of Directors of PT Bank Danamon Indonesia, Tbk as well as management
of the Islamic Business Unit (UUS) in the form of opinions of SSB issued in meeting the needs
of the management.
1.6. Guidelines and Code of Conduct of Shari Supervisory Board

As in 2013, in 2014 there was no update required on the Guidelines and Code of Conduct
formulated and issued on 11 November 2011. However, UUS Danamon continue to align
the Guidelines and Code of Conduct of the Syariah Supervisory Board with the prevailing
regulation should such new regulation are issued by Bank Indonesia, Financial Supervisory
Agency (OJK) aw well as other related agencies.
1.7. Remunerasi Dewan Pengawas Syariah

Remuneration and other facilities of the Syariah Supervisory Board of UUS Danamon is
proposed by the Banks Remuneraiton and Nomination Committee and is approved in the
General Meeting of Shareholders of teh Bank. Total remuneration and other faciliites during
2014 is as follows:
Total Remuneration and other Total received in one year (Gross)

facilities Number Rupiah
1. Remuneration 3 722,975,148
2. Other facilities 3 Health insurance program (include family)
Total renumeration*) per Total members of Syariah Supervisory Board

person in one year
Above 2 Billion Rupiah -
Between 1 Billion to 2 Billlion Rupiah -
Above 500 juta million to 1 Billion -
Rupiah
Below Rp 500 juta 3
2. DIRECTOR OF SYARIAH BUSINESS UNIT

a) Director of UUS Danamon coordinate with staff of all levels in the organization in running UUS
Danamon, and implementing recommendation and input provided by DPS and input based
on DPS monitoring report.
b) DDirector of UUS Danamon coordinate with staff at all levels of the directorate and Parent
Bank in developing and improving business of UUS Danamon.
c) Director of UUS Danamon maintain soundness of Unit Usaha Syariah Danamon
d) Director of UUS Danamon coordinate with BI (Syariah Unit) and Financial Supervisory Agency
(FSA).
3. LIST OF LEGAL CONSULTANTS AND ADVISORS

In 2014, UUS Danamon hired 1 (one) legal consultant for a consultation on the cooperation
between UUS Danamon and Islamic TRade Finance Company (ITFC),namely:

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Name of Consultant Work Performed

Karimsyah Law Firm Prepare documentation related to financing contract and
Alamanda Tower, Level 27 cooperation agreement with ITFC
Jalan TB Simatupang Kav. 23-24
Jakarta 12430, Republic of Indonesia
Tel: (+62-21) 2966-0001;
Fax: (+62-21) 2966-0007
E-mail: info@karimsyah.com;
Website: www.karimsyah.com
4. INTERNAL FRAUD
In 2014 there were no Internal Fraud related cases in UUS Danamon. The Internal Fraud table is
as follows:
Total cases processed
Full time Contract
Internal Fraud in 1 Year Directors
Employee Employees
2013 2014 2013 2014 2013 2014
Total internal fraud Nil Nil 3 Nil Nil Nil
Resolved Nil Nil 2 Nil Nil Nil
In process with internal UUS Nil Nil Nil Nil Nil Nil
Not yet in process Nil Nil Nil Nil Nil Nil
Follow up through legal process Nil Nil 1 Nil Nil Nil
5. LEGAL ISSUES
In 2014, there were no legal related issues in UUS Danamon. The table is follows:
Total cases
Legal Issues
Civil Criminal
Closure (legally enforceable) None None
In process None None
Total None None
6. UUS DANAMON ACTIVITIES

6.1. Fund Channeling for Social Activities
Refering to the Law no 21 of 2008 regarding Syariah Banking, Section II on the Principles,
Objectives and Functions, the Bank also implement its social functions as outline in article
4 item 2 which stated that a Syariah Bank is Syariah Business Unit which carry out its social
function in the form Baitul Maal, collecting funds in the form zakat, sedekah, Infaq (alms) and
grant or other funding for social purposes distributed to organization managing zakat funds.
UUS Danamon channeled more funds in 2014 compare to 2013 wherein Rp.620.472.950,-
was disbursed through 22 events.
In 2014, UUS Danamon channeled funds amounting Rp.1.192.015.000,- through 61 events.

The following is a table of Channelling of UUS Danamon Qardhul Hasan funds in 2014:

No Tanggal Nominal Tujuan

1 2 Januari 2014 30.000.000 Repairing Masjid Nur Falah , DesaTanjung Sari, Jampang
Tengah Jawa Barat
2 2 Januari 2014 51.000.000 Yayasan Danamon Peduli
3 3 Januari 2014 1.000.000 Jami Al Hidayah Mosque
4 27 Januari 2014 25.000.000 Rumah Zakat-Program Siaga Banjir 2014
5 4 Februari 2014 15.000.000 DTA Miftahul Hikmah_ Construction of New Classes TA 2013
6 3 Februari 2014 18.000.000 Donation for Gunung Sinabung by Area Sumatera I
7 6 Februari 2014 50.000.000 Al-Azhar Peduli Umat Donation for Jakarta Flooding
8 28 Februari 2014 50.000.000 Al-Azhar Peduli Umat Donation for Mount Kelud Eruption
9 7 Maret 2014 11.800.000 House Renovation for Poor People
10 14 Maret 2014 10.000.000 Development Fund for PonPes Nurul Huda untuk yatim dan
dhuafa
11 2 April 2014 1.000.000 KJKS BMT free medimines & Primary Goods (Sembako)
Distribution
12 14 April 2014 30.000.000 Treatment sdr.Ahmad Fauzi-kemoterapi
13 15 April 2014 30.000.000 Compensation Grief -Djaja Tanjung Mas-biaya RS
14 23 April 2014 5.000.000 IB Working Group iB Syariah for yayasan Miftahurrabbani-
Batam
15 9 Mei 2014 9.500.000 Mass circumcision underprivileged children ex.SMP VIII 83
16 20 Mei 2014 5.000.000 Establishment of Rumah Hadits Madrasah Al Fajr/RUHAMA
oleh APU
17 21 Mei 2014 23.175.000 School Equipments for child orphaned TA.2014-2015 oleh
A.Chairul Syah-OB Ciracas
18 26 Mei 2014 5.000.000 Establishment of Gedung Serbaguna and Musholla di
Sutenjaya oleh Unika Parahyangan
19 26 Mei 2014 22.000.000 Mass circumcision underprivileged children by SES
Sumatera2 - Lampung
20 10 Juni 2014 30.000.000 Student Scholarship Univ.Padjajaran Fak.Peternakan
21 13 Juni 2014 50.000.000 Class Construction for Kelas IIQ School Ciputat
22 16 Juni 2014 5.000.000 Fund for Memorial Day Elderly BPRS Bhaktimakmur Indah
23 26 Juni 2014 25.000.000 Musholla Renovation Al Bayan Dewi Sartika
24 30 Juni 2014 38.000.000 Rohis MBD Fundraising for Fisabilillah,dan Yayasan Yatim
Piatu Ihsan Gemilang & Yayasan Yatim Piatu Al Amanah.
25 2 Juli 2014 10.000.000 Development Fund Pondok Pesantren Ashhaburratib Al Madani
26 3 Juli 2014 9.500.000 Fundraising for Ramadhan activities (santunan yatim dan
dhuafa) oleh Yayasan Daruttaqwa SDIT Harapan Umat
27 10 Juli 2014 5.000.000 Educational Students Help Yayasan Al-Kahfi
28 14 Juli 2014 20.000.000 Mosque Donation for Reconstruction Masjid Nurfalah Desa
TG.Sari Jampang Tengah-Sukabumi
29 22 Juli 2014 2.000.000 Social Maternity Fund to Panti Asuhan YAPENNATIM
30 23 Juli 2014 10.000.000 Development of Indonesias Hospital
31 23 Juli 2014 5.000.000 Schoolarship for children Reciting Quran (Hafidz Quran)
32 10 Juli 2014 5.000.000 Schoolarship for Yulian Azhari
33 23 Juli 2014 5.000.000 Fundraising for Panti Asuhan Anak dan Panti Jompo Siti
Syarifah

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34 23 Juli 2014 3.000.000 Schoolarship for poor children and reciting Quran -Lembaga
Tahfidz Sulaimaniyah
35 23 Juli 2014 5.000.000 Social Activities Peduli Yatim - Yayasan Indonesia Cerdas
Bermanfaat
36 24 Juli 2014 3.000.000 Ramadhan Activities for yatim piatu dan dhuafa Yayasan
Cahaya Alam
37 12 Agustus 2014 10.000.000 Renovation of Musholla Al Hikmah, Kompleks Danamon
Jatiasih-Bekasi
38 12 Agustus 2014 3.000.000 Panti asuhan yatim piatu An Nimah
39 18 Agustus 2014 3.000.000 Operational Donation for Yayasan Yatim Piatu Daarul Anshor
Kamil
40 18 Agustus 2014 5.000.000 Yayasan Yatim dan Dhuafa Bait Al Quran, Jombang Tangerang
41 22 Agustus 2014 50.000.000 Mosque Renovation Jami Al Hidayah, Ciracas Jaktim
42 23 September 2014 5.000.000 Free Schooling for Penghafal Quran-Pondok Pesantren
Sulaimaniyah
43 23 September 2014 31.800.000 Distribution of Animal Sacrifice Rumah Zakat
44 23 September 2014 34.100.000 Distribution of Animal Sacrifice Al Azhar Peduli Umat
45 2 Oktober 2014 5.000.000 Fundrasing for Anak Yatim dan Fakir Miskin Yayasan Yatim
Piatu Al Fajar
46 26 September 2014 50.000.000 Fundraising-Yayasan Rumah Zakat
47 8 Oktober 2014 20.000.000 Musholla Nurul Falah Construction MI Islamiyah Sidayu
48 9 Oktober 2014 3.000.000 Operational Fund for Taman Pendidikan Al-Quran Qalbun
Salim Yayasan Komunitas Rumah Alif
49 8 Oktober 2014 30.000.000 Schoolarship for Gerakan Satu Juta Al Quran GRES
50 17 Oktober 2014 9.000.000 Schoolarship STIKES Muhammadiyah Kudus
51 23 Oktober 2014 10.000.000 TPQ Nurul Huda Komplek Danamon Jatiasih
52 23 Oktober 2014 10.000.000 Mosque Renovation Al-Ikrom , Bogor
53 27 Oktober 2014 5.140.000 Badan Eksekutif Mahasiswa Fakultas Peternakan Unpad
54 6 November 2014 30.000.000 Treatment Medicine for sdr.Baried Dayyan
55 19 November 2014 5.000.000 Mass circumcision by Masjid Jami Al Ihsan, Komp.Sandang
Klender Jatim
56 1 December 2014 25.000.000 Development of Pondok Pesantren Yatim & Dhuafa by Yayasan
Babul Jannah Al-Mukarromah
57 23 December 2014 3.000.000 Yayasan Al Kahfi, Bekasi Selatan
58 23 December 2014 2.000.000 Treatment medicine for Lanangs mother
59 23 December 2014 10.000.000 Mosque Renovation Riyadhul Mubtadiin, Bogor.
Total 1.192.015.000

6.2. UUS Danamon Achievements

UUS Danamon Achievements
The following recognitions received by UUS Danamon in 2014:
1st place Best ATM with a score of 100 from Infobank Magazine and MRI in Bank Service
Excellence Survey Monitor (BSEM) 2013/2014;
Ranked First as the Best ATM for Islamic Business Unit with a score 100.00 from Infobank
magazine;
The 3rd-ranked Best Phone Handling for Islamic Business Unit with a score 68.85 from
Infobank Magazine;

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7. NON-HALAL INCOME AND ITS USAGE

There was no Non-Halal Income of UUS Danamon in 2014
8. SELF-ASSESSMENT OF UUS DANAMON IN 2014

Rank Value Score
No. Factor Status Note
(a) (b) (a)x(b)
1 Implementation 2 35 % 0.70 Good - The Director of UUS Danamon passed
of Duties and the BIs fit & proper test, has no conflict
Responsibilities of interest and his appointment has been
of UUS Director reported to BI.
- The Director of UUS Danamon is
responsible for managing UUS Danamon,
following up the SSBs recomendations
and providing data for SSBs monitoring
purpose.
2 The 1 20% 0.20 Very - Syariah Supervisory Board (SSB) has
Implementations Good three members who each possesses
of duties and good integrity, competence and sufficient
Responsibilities financial reputation, are appointed trough
of Syariah the General Meeting of Shareholders
Supervisory based on recommendation of Nominated
Board (SSB). & Remuneration Committee as well as
National Syariah Board - Indonesian
Council of Ulama (MUI). Appointment
period shall not exceed of BoD/BoC.
- SSB SSB has ensured an reviewed the
fulfillment of shariah principles in UUS
Danamon products and operations and
has submitted supervisory report in
accordance with BI regulation
- SSB has completed its regular meetings
in 2014 (13 times in 2014). The meeting
decisions were based on amicability,
and have been properly documented
and reported to UUS management to be
followed up
- The concurrent positions as SSB in other
Syariah financial institutions and its
remunerations have been reported in
Syariah GCG Implementation Reports.
SSB member is not a consultant in other
BUS/UUS. SSB member do not take
personal gains from UUS Danamon
3 The 2 10% 0.20 Good - Any product to be issued by UUS
implementation Danamon is reviewed by Syariah
of Syariah Assurance & Operations Division and
principles Compliance Division and SSB will ensure
in funding, syariah compliance with fatwa issued by
financing DSN
and service - UUS Danamon strives to ensure that the
providing implementation of its funding & financing
activities and services are in accordance with
DSN-MUI Fatwa and BI/OJK regulation,
among others by conducting periodic
review on product policies and by
performing internal audit process.

Rank Value Score

No. Factor Status Note
(a) (b) (a)x(b)
4 Financing to 2 10% 0.20 Good - UUS Danamon has applied prudence
core customers in delivering the provisions of funds,
and funding especially to core customer and
from core consistently adheres to BI regulations /
customers OJK.
- Did not provide special treatment/
privileges to the core funding and
financing customer. Treatments to core
customers are in accordance with
standard policy and procedure in UUS
- Product Program of financing in UUS has
been reviewed annually
- List of core funding and financing
customer have been submitted to BI
regularly in accordance with BI regulation
5 Transparency of 1 25% 0.25 Very - UUS Danamon has published its quarterly
UUS condition, Good Financial Statement Report in national
Good media/ newspaper as per BI regulation
Corporate - UUS Danamon has submitted its objective,
Governance strategy and development policy in
(GCG) the RBB (banks business plan). UUS
Implementation Danamon has also presented information
Report and of syariah business development in RBB
Internal Report (Business Plan) Realization Report and
Annual Report
- UUS Danamon has conducted GCG self
assessment, prepared GCG Report.
- UUS Danamon has good internal
reporting and is capable of presenting
data/information both from core and
supporting system.
- Reporting system is supported by well
trained and experienced human resources
and qualified IT security system in
accordance with IT security Danamon
procedure.
Composite 100.% 1,55 Good
Score
Ranking: Good /Very Good

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GENERAL CONCLUSION:
Based on the result of UUS Danamon GCG self-assessment of 2014, a composite score of 1,55 has
achieved Good standard.
In 2014 the implementation of GCG in the UUS Danamon has been carried out by meeting the GCG
Principles in general, applying the Syariah principles with underlying principles of transparency,
accountability, responsibility, independency and fairness.
Some important strength in implementing GCG in 2014, amongs others are :

1. Full support and Ensuring a good synergy between the Board of Directors, the Syariah Supervisory
Board, Executive Officers and all employees of UUS Danamon;
2. Complying with prevailing regulations to conduct all activities in the UUS Danamon;
3. Transparency in reporting of financial conditions, and other external reporting;
4. Performing strickly control function for all activity in the UUS Danamon;
5. Implemetnting prudent and independence principles in any financing facility provided by UUS
Danamon.
However, UUS Danamon will conduct improvements in developing a better quality Human
Resources, providing more effective Information Technology Systems Management, and optimizing
process and procedures, and all potential UUS Danamon networking.
In the years to come implementing GCG will perform improvement continously, and this is a
commitment of the entire management and employees in order to meet their performance in line
with the target set for UUS Danamon and be beneficial to all stakeholders.
Syariah Division
PT Bank Danamon Indonesia Tbk
Herry Hykmanto
Director of Syariah

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504 PT Bank Danamon, Tbk. Laporan

2014 Annual
Tahunan
Report
2014
Corporate
Social
Responsibility
2014 Annual Report PT Bank Danamon, Tbk. 505

Pasar Cigasong Sindangkasih Majalengka
506 PT Bank Danamon, Tbk. 2014 Annual Report

Danamon, has been conducting Corporate In implementing CSR program, Danamon

Social Responsibility (CSR) through the Peduli positions itself to play a strategic role
following strategy: as development partner, a catalyst, as well
Well-planned program that is based as knowledge hub for stakeholders who
on research and intensive and regular have similar concerns to achieve sustainable
consultation with stakeholders development objective. Therefore, Danamon
Regular Monitoring and Evaluation for Peduli always tries to engage stakeholders
measurable impact and accountability to actively participate in each CSR program
reporting. so that the development program objectives
can be achieved, brings positive impacts and
This commitment reaffirmed that the sustainable.
implementation of CSR by Danamon is
not merely a social investment but also a YAYASAN DANAMON PEDULI
mandatory that is conducted in pragmatic (DANAMON PEDULI)
approach to empower community, which can With a mission To be a trusted development
eventually contribute to business of the Bank partner that brings sustainable positive
and its subsidiaries. changes and to improve community life,
through alignment and make use of available
As corporate citizen, Danamon realizes that resources, Danamon Peduli is commited to
CSR requires a strong commitment and implement CSR program that brings positive
focused program, to ensure wider impacts and concrete changes for an improved quality
and sustainability. Through strategic decision of life, environmental and cultural preservation
a special entity was established, mandated in a sustainable way.
to implement Corporate Social Responsibility
(CSR) programs, i.e., with the establishment of Danamon Peduli was officialy established by
Yayasan Danamon Peduli (Danamon Peduli) in PT Bank Danamon Indonesia Tbk., and PT Adira
2006. Dinamika Multifinace Tbk., on February 17,
2006. All programs aim to support sustainable
With a clear distinction role, CSR program development which has direct advantages for
which used to be conducted peripheral the community, through the engagement of
and individually by Bank Danamon and its volunteers from the family of Bank Danamon.
subsidiaries, now has become priority and is The objectives of Danamon Pedulis programs
under the oversight of Danamon Peduli. This are to support sustainable development that
reflects a commitment of Danamon with its directly benefits people, through volunteerism
subsidiaries to actively play a significant role from Danamon family. In so doing, Danamon
in development of community social economy, Peduli has been very consistent to play a
environmental protection as well as cultural role as development partner, catalyst, and
preservation in Indonesia and at global scale. knowledge hub with innovative programs that
aims to contribute to government development

Pasar Bunder, Sragen - Central Java
priority and works in harmony with government Furthemore, as a knowledge hub, Danamon
program. Henceforth, program can be scaled Peduli facilitates series of activities that are
up and developed further for sustainability. linked with program, such as public discussions
on traditional/peoples Market issues with
Danamon Peduli translated the vision of CSR resource persons, who are experts in selected
through the following programs: topics and themes. Danamon Peduli also
1. Program PASAR SEJAHTERA (Welfare actively engages in many occasions to share
Market), pilot a model of supporting experience and open for a partnership.
scheme that focuses on peoples market
revitalization in Indonesia, physical and non Danamon Peduli carefully designs and plans
physical improvement. community development programs. In its
2. Regional Icon Preservation Program, implementation, to measure the success
with the goal to support environmental and impacts of its program, Danamon
and cultural preservation through local Peduli conducts regular and comprehensive
community empowerment. monitoring and evaluation together with
3. Environmental Support Program, covers partners. Monitoring and evaluation are
activities on environmental preservation, conducted with two approaches, qualitative
such as waste management to be recyled, and quantitative.
education for environmental preservation,
and support of environmental facilities (such Qualitative Approach
as waste bin, bio digester, tree planting, Danamon Peduli understands that it takes
bio-pore hole development, clean water stages in order to achieve objectives; and
catchment, and sanitation). concrete target can only be achieved gradually.
4. Rapid Disaster Response Program, in Therefore, target should be translated in a way
partnership with Danamon and Adira that considers the level of organizational capacity
employees and volunteers, Danamon Peduli to socialize the program, build consensus,
tries to be the first to provide immediate and other approaches, which accommodate
assistance to the community experience the aspiration of the stakeholders; and the
disaster, as well as education activities to capacity of the organization to adapt itself
employees and volunteer to assist victims to the environment, to be able continously
of disaster and mitigate the impacts.

grow and develop. As such, CSR programs sustainability of the Bank and its subsidiaries.
are implemented based on good capacity, Corporate social responsibility has been
which are to be empowered to achieve the integrated into business strategy, and expected
target. Each activity is conducted through to bring positive perception and to business
intensive consultation and discussion as well continuity in alignment with global trend on
as consultation process with stakeholders to corporate social responsibility and banking
ensure that the planning of CSR program are good governance (Guidelines of Indonesia
well targeted and deliver benefits. Banking Good Corporate Governance 2012).
Quantitative Approach All activities and projection of annual budget

The quantitative approach of the performance for CSR programs are comprehensively
of CSR program conducted are done through: formulated at the end of the year by Danamon
a) Baseline survey is conducted to measure Peduli, and submitted for Corporates approval
base indicator of program target, before based on needs assessment of the program.
CSR program implementation is executed. This proposal of CSR Program and Annual
b) Rapid Assessment is conducted to measure Budget reflects the commitment of PT Bank
program impacts as a result of program Danamon and its subsidiaries to support and
implementation, and serves as data to ensure that CSR programs are implemented
information to map and analyse challenges effectively, and brings optimal benefits.
and opportunities.
c) Program budget burn rate is used to Annual budget allocation for CSR programs
measure the effectiveness and efficiency of is not only to meet the compliance of
the program to achieve the target. government regulation in allocating some
d) Volunteeer and stakeholders engagement precentage of corporate profit, but it is also
beyond Danamon Peduli employees, as based on community needs and priorities of
evidence of commitment on engagement development program, as well as program
and partnership. development objective, which Danamon would
e) Calculation of carbon footprint to measure like to achieve.
the impacts of reduced carbon emision
from CSR program and the commitment to In addition, Danamon Peduli partners, local
environment. government in program locations especially,
provides their shares to the program. Danamon
GOOD GOVERNANCE Peduli believes that development program
CSR Budget Allocation will only be effective and brings bigger impact
Each CSR program has been through a if it is implemeted through participation and
well-planning process, to be conducted partnership with concerned parties. Therefore,
effectively, to be evaluated and reported Danamon Peduli promotes a strong sinergy in
regularly for accountability. The CSR programs the program planning and implementation with
implemented in integrated fashion also reflects various parties, in terms of resources, which
corporates instrument of social investment to includes local government as the main actor in
strenghten main activities, and for the business local development. Aside from allocated annual

Pasar Baru, Probolinggo Jawa Timur Pasar Ibuh, Payakumbuh Sumatera Barat
buget from the Bank, Danamon Peduli also GOVERNANCE STRUCTURE

receives funds from subsidiaries and business & DANAMON PEDULI TEAM
unit. In 2014 Danamon Peduli raised funds COMPOSITION 2014
from Danamon employees and its subsidiaries, Policy, Concept, And The Operational
who have concerns on the development issues, Framework
especially in Rapid Disaster Assistance. In CSR program policy, Danamon Peduli tries
to build strategic partnership, with attention to
INSTITUTIONAL ACCOUNTABILITY local resources. Therefore, Danamon Peduli
The organizational structure of Danamon builds partnership with central government,
Peduli reflects a good governance and strong local government, and local community, as
accountability with Board of Trustees, Board well as others who have similar interests. In this
of Supervisors, and Board of Management. scheme, CSR program will be stronger as it is
The Head of Board of Management, who implemented by various partners.
also serves as the Director of Executive of
the Foundation, and Board of Management In 2014 Danamon Peduli focused its program
conducts regular monthly meeting with the on building capacity of stakeholders for
Board of Supervisors to report the progress sustainable development. The capacity building
of program implementation and the realization of partners aims to increase the capacity and
of budget absorption. At the end of the year, performance of individuals, organizations,
the Board of Management report to the Board and community in Danamon Peduli program
of Trustees on the program implementation. locations to enable them to work effectively and
As part of accountability and transparancy efficiently. By optimtimizing partners capacity
to the public and all stakeholders, Danamon of partners, together central government, local
Peduli produces audited Financial Report on government, civil society organizations, and
regular basis by independent Auditor, and it is private sector, it will accelerate the synergy
published in one national media. in social investment to achieve to the shared
goal: improved lives of the community, in
a healthy environment and strong local
wisdom and culture. Strong capacity within
robust partnership will facilitate better to the
achievement of common objectives.

Institutional Capacity Building designs social and community program in

Institutional strengthening capacity includes integrated manners, so it brings more benefits
the following activities: management training, and impactful.
market training, seminar, comparative study,
presentation of product/merchandise display 1. Welfare Market (Healthy, Green, Clean,
training, and many other activities. The Organized)
target of institutional strengthening are the For hundred years traditional wet market has
stakeholders, that includes Work Unit at the been the backbone of the Indonesian economy,
Local Government overseeing the markets, especialy as source of employment and local
market management officers, traders/Traders revenues. Data from the Trade Ministry, there
Association, market community, and other were approximetely 9,500 peoples market
related organization, within the community operated in 2012 throughout the country, which
scheme (Waste Bank, Community Radio, Wall supplied about 60% of peoples basic needs,
Bulletin, and Cooperatives. and has been the livelihood of more than 30
million traders. Considering the vital role of
THE IMPLEMENTATION OF CORPORATE the peoples market, Danamon took the role
SOCIAL RESPONSIBILITY to support peoples economy growth through
The activities of Danamon CSR that are Market Revitalization Program.
implemented by Danamon Peduli as social
investment consist of two categories: Since 2006 Danamon Peduli has actively taken
part in the traditional market revitalization, which
External, which consists of: focused on the improvement physical condition
Welfare Market and environmental health. In 2010, Danamon
Regional Icon Preservation Peduli has strengthened its commitment with
Environment Support the launching Pasar Sejahtera (PSJ), which was
Disaster Rapid Assistance as a consolidation from previous market-based
program and activities. As the name indicates,
Internal, which consists of: SEJAHTERA means Sehat (Healthy) hiJAu
Workforce and Work Safety, Health, and (Green), bersiH (Clean), and TERAwat (well
Environment maintained), thence, the focus of the program
Consumers Responsibility. is on the market environmental health, eco-
ness, hygiene and well maintenance. With that,
SOCIAL AND COMMUNITY the objectives of the program are not only to
DEVELOPMENT revitalize the physical condition of the wet units
Social and community development in of the market, but also to increase awareness
Indonesia needs special attention, as well and promote behaviour changes amongst the
as concrete assistance from government, traders.
private sector, and community participation.
Entering its eighth year, social and community For Danamon Peduli, government support
development is still the main focus of CSR is one of the important aspects to ensure
program. To optimize the results of the program the sustainability of market revitalization
and to be cost efficient, Danamon Peduli program. Therefore, Danamon Peduli
engages participation and commitment from
government as policymaker, both at at the
national and regional level.

At the national level, Danamon Peduli is in Objectives

partnership with Ministry of Trade, Ministry The revitalization of traditional market launched
of Health, and Ministry of Public Work, in 2010 has the objectives, as follows:
etc. The focus of the partnership at the Increase and improve environmental
central level focuses on raising support and health of the market according to national
program coordination through information standard.
dissemination and program scaled up. At the Develop a pilot model of market revitalization
local level, Danamon Peduli directly engages project as a non government support, which
the governments, i.e., Head of the City/District can be replicated, hence can accelerate the
and institutions/offices that has oversight and market revitalization program throughout
management of the market to draw joint- the country.
planning and budgeting.
Target
Every year, government allocated resources The PSJ program addresses two components
to revitalize the traditional market. However, of the market, i.e.,: (i) physical revitalization of
considering the large number of traditional the market, and (ii) awareness and behavioural
market, it needs more than national support to changes of market traders and other actors
accelarate market revitalization program. involed in the market activities. The PSJ
program is designed in such a way that can be
Government supports to traditional market sustained.
are reflected in the budget for market
physical rehabilitation in medium term PSJ program established in 2010 has three
development plan 2015-2019, which targets main activites:
3,000 markets throughout Indonesia. The 1. Physical renovation of the demo unit, which
target is not commensurate with the number refers to the standard of Ministry of Health
of traditional market needed improvement Regulation of Kepmenkes No. 519/2008.
(with assumption there are 10,000 traditional 2. Integrated planing and budgeting through
markets in Indonesia). Given the large number cross-sectoral meeting of relevant offices
of the markets, therefore, the support of (Dinas/Badan) that have duties and function
private sector, community group, and other in the market management.
related institutions, is necessary. The existence
of traditional market can promote peoples
economy, strengthen local economy, increase
supply chain, and supply basic needs as well as
serves as a public social space. To complement
the government efforts, Danamon Peduli offers
a program in a more comprehensive approach,
beyond physical improvement, but more on
non-physical enhancement.
Aktifitas di Radio Komunitas Pasar Bunder, Sragen

- Jawa Tengah

3. Market monitoring and facilitation of Danamon Peduli facilitates activities for

integrated planning mechanism, such market community, such as community mutual
as the establishment of Market Working collaboration activity or Gotong Royong
Group, education to market community/ and group discussion that are conducted
Behavior Change Campaign (BCC). periodically. From the group discussions usually
Awareness building includes campaign on the traders identify the problems faced in the
hygienic lifestyles, training on writing and market and together they try to find solution.
management of Bulletin Board, training on The group discussion has generated various
market community management (radio partnership schemes, such as waste bank,
komunitas), and aspirations mapping of bulletin board, community radio, community
the stakeholders through Focus Group mutual collaboration, and the establishment of
Discussion. Printed media such as banner cooperatives. Through the group discussion,
and Gotong Royong (mutual collaboration), they also identify appropriate training needs
are conducted in a routine basis to to increase their capacity. In order to have
disseminate information and socialization of positive domino effects of the development and
hygienic way of life. sustainability of market revitalization program,
Danamon Peduli actively encourages market
From year 2010 PSJ program has been growing cadres/training participants to engage others
in 9 location as pilot project and two new PSJ to involve in PSJ program.
traditional market joined in 2014:
Pasar Ibuh, Payakumbuh Municipality The capacity building for community in Pasar
Pasar Grogolan, Pekalongan Municipality Sejahtera in 2014 has involved 133 persons,
Pasar Bunder Sragen District, Central Java training materials include work study tour, basic
Pasar Baru Probolinggo Municipality, East management for waste bank, community radio,
Java and traders association and Health Working
Pasar Semampir Probolinggo District, East Unit (UKK). At the end of 2014, Danamon Peduli
Java (already handed over to Probolinggo has conducted strengthening community for
District Government) more than 2,000 market community members,
Pasar Sindangkasih Majalengka District, consist of traders, and other stakeholders
West Java of traditional market. It is expected that the
Pasar Kemuning Pontianak Municipality training can generate more market community
Pasar Tejo Agung, Metro organizers, as the engine of PSJ in each market
Municipality,Lampung or in the area where they live.
Pasar Lamboccaa, Bantaeng District,
Sulawesi Selatan The market community mutual collaboration is
market clean up activity organized by market
Under PSJ program, various innovative cadres, community, and market management,
scheme that have been established in natural as well as Cleaning and Park office in order
way, directly and indirectly encourages and to induce sense of ownership and collective
support the efforts of behavior changes within responsibility on market cleanliness. In
the market community. 2014 from 6 PSJ (in Payakumbuh, Sragen,
Pekalongan, Probolinggo, Majalengka, and
Pontianak), the market community mutual

collaboration has involved 865 persons, 20 traditional markets in Bali, and 9 traditional
whereas the cleanliness competition involved markets in South Sulawesi. Based on the
160 traders. It is expected that in the future this findings, 2 location was identidied as new
activity can be conducted regularly in markets. locations for PSJ program:
Henceforth, it can bring back the function of 1. Pasar Tejoagung, Kota Metro, Lampung.
market as public space that brings benefits to Located about 60 km from the capital city
the traders and consumers. of Lampung Province.
2. Pasar Lambocca, Bantaeng District, South
In Probolinggo, a Market Working Group has Sulawesi. Located about 123 km from the
been officially established, with formal issuance capital city of South Sulawesi Province.
of Surat Keputusan Walikota Probolinggo, with
Mayor and and Deputy Mayor as persons in These two markets are in the process of
charge. Whereas in Pasar Bunder in Sragen renovation to become a model of Pasar
and Pasar Grogolan, establishment of Market Sejahtera, which refers to the Ministry of
Working Group is still in process. Market Health standard Kepmenkes No. 519/2008,
Working Group is a special unit, which consists Guidelines of Healthy Market. Overall, there
of offices of cross-sectors overseeing the are 9 traditional markets that are included in
market, hence can be more focused on market Market Revitalization Program.
development. The establishment of Pokja
Pasar is one of the exit strategies of Danamon As part of non-physical supports to traditional
Peduli, before the market are transfered to market, Danamon Peduli starting to include
local government. campaign aspect with community participation.
In partnership with Kompasiana, Danamon
In 2014, stakeholders hold 34 meetings, Peduli has conducted Blog Writing Contest
participated by 10 to 30 participants in each with title: The Beautiful Colour of Traditional
discussion. Discussion in market communities Market.
serves as a media to share information on
program, achievement, new ideas, and The Blog Writing Constest exposes the
challenges faced as well as to find solutions. interesting story of each market which unique,
to reveal the diversity of traditional market
Awareness Program for Market Community cross the country to attract new perception of
2014 the community who have already had negative
To identify the location for new PSJ program image of traditional market: dirty, vile and
implementation, a rapid assessment was untidy.
conducted throughout selected region of
Danamono or Adira. In 2014 assessment was The writing contest resulted in 161 of unique
conducted in 9 traditional markets in Lampung, stories about traditional markets in Indonesia.
The winners and title story as follows:

Juara Judul Market Nae Location

1 Revitalization Onan Rabu in waiting Pasar Onan Rabu Pulau Samosir,
Sumut.
2 Ideas for Traditional Market in Malang: the Pasar Comboran, Malang
Potentials and Opportunities
3 Wandering the Oldest Market in Jogya Pasar Legi Kotagedhe,
Jogjakarta
Waste Bank is a self managed scheme that Pekalongan was also formed. From 9 Sejahtera
involves market traders in the establishment markets, there are 4 locations that already have
and management of markets non organic Waste Bank. Bank customers can deposit non
waste. The facilitation of this Waste Bank organic waste (bottle, can, paper, newspaper,
establishment is aimed at changed in behavior magazine, etc.). All the accordingly. This type
and habit of sorting (disposal) waste amongst of community scheme is effective to reduce
traders. This activity contributes to the reduced waste, which was previously scattered around
waste to be disposed and managed by the the market.
government, and at the same time it becomes
as a source of income for bank customers. This Furthermore, to promote hygienic habit in Pasar
scheme introducted for the first time in Pasar Sejahtera, annual Cleanliness Competition
Baru, kota Probolinggo in 2012. for Market Stalls is implemented, which is
conducted. Prizes and appr Citation tokens
The data shows that traditional market is one are given to those who manage to maintain
of the highest waste contributors in Indonesia. cleanliness in their stalls.
If waste is managed properly, market will be
healthier, cleaner environment, and in turn,
can attract more customers to visit traditional
market. The changes in healthier and cleaner
environment of marketplace are part of the
efforts to manage traditional market in a
modern way. Organic waste can be converted
into compost, which is very useful to repair soil
condition, whereas the non organic waste can
be reused for creative recyled products.
In October 2014, Bank Sampah Anak Nagari

Peduli (BASANDI) was established in Pasar
Ibuh Payakumbuh. This was based on the result
market community focus group discussion.
Similarly, Sampah Sejahtera in Pasar Grogolan,

Pasar Ibuh, Kota Payakumbuh

2010 2011 2012 2013 2014
Sink construction Cleaning location Normalization Procurement of 34 Improved
Information vegetable block II waterways units wheeled bin drainage Block
boards Construction a Improved health Preparation of 6 Vegetables II
construction table in the block posts units washhand Rejuvenation
Procurement of vegetables II Procurement bins of the sink in the Radioland
trash Procurement 10 units market Ibuh West Construction
Painting horse of 3-wheeled Construction waste bank office
paung motorcycle of hand wash
Installation of Procurement facilities 4 units
exhaust pipe of speakers
Installation of roof radioland
canopy Nameplate
Casting courtyard prosperous
pavement market
Installation of Nameplate zone
guttering
Pasar Grogolan, Kota Pekalongan

2010 2011 2012 2013 2014
New stall Paving and Construction of Improved Repair the roof in
construction garden in the health posts drainage the middle of the
Sanitation market Procurement of Procurement of market
construction Rehabilitation of trash bin sink Construction
Lighting MCK waste bank
construction Sink construction Development
Painting blocks radioland
south
Purchase of trash
Procurement
nameplate pilot
unit
Procurement
board zones

Pasar Kemuning, Pontianak Pasar Grogolan, Pekalongan
Pasar Bunder Sragen

2010 2011 2012 2013 2014
Renovation stall Sink construction Improvement Procurement Procurement
traders know Procurement of hydrant separate trash porters trolley
Painting los trash Procurement can Procurement Unit
Improved Procurement dustbin Pilot uniform,
sanitation tricycle Renovation los Society and pelvic
Procurement of Addition means bandeng services
trash radioland
Procurement Procurement
wheelie bin nameplate los
pilot
Procurement
nameplate zone
Pasar Baru Kota Probolinggo

2010 2011 2012 2013 2014
Construction of Waterways Improved fish Installation of Repair radioland
the middle block normalization merchant stall water for fish stall Provision
roof Procurement Making Repair and roof of facilities
Procurement of nameplate pilot nameplate pilot lighting radioland
hanging trash bin unit unit Procurement of Provision of
Procurement of of Procurement oard Making the zone motor carts facilities UKK
sink zones board 10 points

Pasar Sindangkasih, Majalengka

2012 2013 2014
Revitalization Phase I Revitalization Phase II (roof, floor and table, sink, stall -
(chamfer awnings) painting, electrical installation and repair block culinary)
Procurement of separated waste bin
Procurement of motor trash
Pasar Kemuning, Kota Pontianak

2012 2013 2014
Preparation of a fish Preparation of a fish merchant stall phase II Improved
merchant stall phase Changes the stall from the traders at the front part fish stall
2 units Sinks floor
Trash bin Procurement
Procurement sound system of Safety
Market Greening Enterprises
(UKK)
Pasar Tejoagung, Kota Metro

2014
Improved table fish traders
Improved drainage
Pasar Lambocca, Kab. Bantaeng

2014
Improved table fish from the traders
Making the WWTP (Waste Water Treatment Plant)
Drains
Bank Sampah Anak Nagari Peduli (Basandi)

Started to operate in October 2014, Bank From December 2014 the Waste Bank already
Sampah Anak Nagari Peduli (Basandi) is the has 24 customers, with the collected waste, as
first partnership in Pasar Ibuh which engaged follows: 632 kg carton, 8.5 kg cans, 51.3 glass
traders, City Government, and community bottle, and 3 kg plastic bottle.
outside the market who are concerned about
traditional market. To strengthen the capacity Pasar Payakumbuh is the biggest traditional
of waste bank managers, Danamon Peduli market in Indonesia, within an area of 6 hectare,
facilitated various activities, i.e., study tour 800 vegetable peddlers who need supply from
prior the establishment of the waste Bank, the market, 1500 settled traders, with money
which involved 32 participants and training on circulation up to Rp. 2.5 billions within 2 hours
management of waste bank, which involved 20 (from 6 AM to 8 AM).
participants.

Organic Waste Integrated Management Community Radio

Organic waste can be processed into compost, Community radio in a non frequency radio
which is useful not only for soil fertility, but also which is self-managed by the traders. Through
has economic value in the sense that the waste training from Dinas Komunikasi dan Informasi
to be dumped to the landfill is reduced. Data (Division of Communication and Information),
indicates that organic waste which is converted the traders learned how to manage community
to compost can reduce organic waste around radio, including how to be a radio host. The
30%. Therefore, the large amount of organic goal of community radio community is a media
waste in the market is advantageous. to build awareness and educate the behavior
for non physical revitalization of the market
Danamon Peduli has initiated the compost aims to reach market community and public in
converting scheme in 31 locations since 2008. general. The community radio has program in
Under Pasar Sejahtera program, this scheme entertainment such as music, communication
is part of the efforts to develop green and program for market communities, includes
healthy market with broader involvement of general information distribution, the birth of
market stakeholders. Traders and the market new baby, and dead of community member,
managers collectively try reduce the waste pile as well as social promotion program. Useful
within the market area and final dumping site information from the Community Radio is
with waste recyling methods. expected to increase the knowledge of the
traders, market community benefiaries.
Danamon Peduli has allocated budget to
support activities in Reduce, Reuse, Recycle Community Radio can be found in Pasar
(3R), provided facilities in Integrated Waste Bunder, Sragen; Pasar Ibuh, Payakumbuh; and
Management (TPST) Rawasari, Jakarta, Pasar Grogolan, in Pekalongan.
covered the physical building improvement
for waste management, tools for research Bulletin Board
and training operation, and equipment for The bulletin board (Mading) is a communication
tools management. It is expected that the media, socialization and education for market
assistance will make the location of waste community in printed form. Mading is a self
management perform better and lead into new managed by traders, has functions as an
function, waste research center, to cover the education for behavior change toward healthy
legal, institutional, funding, social culture and and clean lifestyle, and as a media to discuss
technology aspects. For the time being TPST the market community aspiration regarding
3 R Rawasari Jakarta manages 3-4 tons of market problems, and as channeling media
waste per day and produces compost of 200- for traders creativity. To develop spirit of the
400 kg daily. In 2014 the target were training traders, Danamon Peduli conducted training
for waste management to 300 people, training and Bulletin Board Contest annualy for the
non organic wast management based on 3 R management in each market.
(reduce, recycle, reuse) from July to August
2014.

Cooperative Establishment 2010. However, a wider partnership is crucial

The idea to establish Cooperative started with to accelarate the growing of Pasar Sejahtera,
the problem faced by the traders who needs to as initiative to revitalize the traditional market
finance unpredictable expenses or immediate through partnership with private sector and
needs which is not related to working capital. civil society institution. With the strenghts of
So far the traders relies on mobile bank or each organization (government, private sector,
shark loan with a high interest that is a burden dan civil society institution) the contribution
for the traders. The cooperative will manage can mutually complement to each other with
the funds for saving and loan for the traders more effective results.
to cut off the dependency on supply chain of
mobile bank and shark loan. For year 2014 with a focus theme Partnership
and Stakeholder Engagement for Sustainable
Aside from funding needed for cooperative Development, Danamon Peduli will encourge
members, the cooperative can encourage the more and widen its partnership to make the
cooperative member to save some funds for revitalization of traditional market will go more
market clean environment. Up to end of year rapidly, in line with economic development
2014, Danamon Peduli has been assisted the which engages small and medium scale of
establishment of two cooperative in Pasar traders. This spirit is similar to the results of
Kemuning Pontianak, West Kalimantan, and limited discussion Quo Vadis Pasar Tradional
cooperative in Kampung Marunda Cilincing, (Where the traditional market go?) which
North Jakarta. There are also two other show 3 important things to understand: (i)
cooperatives in the process of establishment, clear picture on security and empowerment of
Pasar Bunder Sragen, Central Java, and Pasar traditional market, and challenges in traditional
Baru Probolinggo, East Java. market development and its sustainability, (ii)
government strategy to develop and sustain
This year, 2014, Danamon Peduli has committed traditional market, (iii) identify the parties who
to chanelling funding of Rp2.8 billion for the are concern on traditional market development
development and the continuation of 9 (nine) to be partners.
traditional market in Indonesia and 7 (seven)
location for pilot project of 2 new traditional
market.
In the next 5 years Danamon Peduli expects

the governmnet will have new policy and
take strategic to support the development of
traditional market. In the future this support
can bring significant impacts for the traders
welfare, community, and Indonesia economy
The lessons of 2014 indicate the importance

of partnership with central and local
government, as a joint team that build synergy
in the revitalization of traditional market. The
government can refer to the experience of
Danamon Peduli in conducting PSJ since

Pasar Grogolan, Pekalongan Pasar Ibuh, Payakumbuh
2. National Market Clean Day and mass media. In line with Danamon Peduli
National market clean day on January approach all lessons will be disseminated,
28, 2014, commamored in Pasar Bunder, shared knowledge with important related
Sragen. Attended the event 150 guests parties.
from Central Government, repsentative 7
location of PSJ from local government, the REGIONAL ICON PRESERVATION
traders, mass media, local community and Regional Icon Preservation (PIR) as one of CSR
Danamon employees. In this special event program from Danamon Peduli aims to empower
Danamon Peduli hand over Pasar Sejahtera the community socially and economicaly to
Module consists of lessons from experience guard the cultural heritage in the area where
in the last 3 years, to Ministry of Trade and they live. Program activity designed to be
respresentatives from PSJ participants from integrated, covers environmental conservation,
the local government. Within the period economic empowerment, as well as local
PSJ considered as social and business cultural preservation and promotion. For PIR
investment, the key to guarantee sustainability program in 2014 allocated budget was Rp.
efforts to revitalize traditional market as well 441.007, 757.
as the empowerment of market actors, the
traders. The Module of Pasar Sejahtera is an
important contribution of Danamon Peduli to
the community, with expectation to bring more
benefits in partnership, to develop traditional
market in Indonesia. The module is an invitation
to all parties to replicate and further develop
the program of PSJ.
PSJ Seminar on the commemoration of

market clean day joined by 6 resource persons
and 60 participants, traders, mass media,
and Danamon employees. This a media to
share experience and knowledge related to
challenges in developing traditional market
and the efforts to find solution as the result
of mutual thoughts. This seminar participated
by representatives from academic instituion,
observer of market development, community

PIR program launched by Danamon Peduli Cultural Aspect

in year 2012 at the are of Marunda, North To encourage and develop self confidence of
Jakarta, in the surrounding of Rumah Pitung, the comminuty to be the actor in their area,
a cultural preservation area. Pitung was the Danamon Peduli has been supervising the
son of indigenous Betawi (ethnic group) establishment of various local art institutions.
from Marunda who lived in 19th century and The art institution consist of women, men and
become the legend of his battle to fight for children in Marunda, with regular acivities
justice from the colonial government of Dutch includes marawis training, qasidah, and
colonial. At the same location, there is another martial art. The formation of art group aims to
cultural heritage preservation, Masjid Al encourage the community to preserve cultural
Alam, the oldest mosque in Jakarta. Both are heritage through various promotion activities
cultural heritage preservation which are also and to attract domestic tourist and international
tourism destination, a part of North Jakarta tourist in cultural exhibition and performance
tourism program which consists of 12 tourist conducted by the community itself.
destination.
At the end of 2013 for preservation and
The non physical activities in the second year promotion of cultural creation in Marunda,
focused more on the institutional strenghtening there was Festival of Marunda Village to
capacity of the partners and supervising in the perfom Betawi art and culture group which is
establishment of waste bank, cooperative, and developed in Marunda. This is an alternative
rehabitation of public facilities such as Majelis entertainment to the tourist, the visitor of
Taklim and Early Childhood Education (PAUD). Rumah Si Pitung (House of Si Pitung) , which
Besides, there were other enviromental facilities also encourage community economy, stall
such as motor cart, waste cart, and waste bins with the bazaar culinary of Betawi, as well
for the community. as exhibition of handicrafts. These are the
series of support from Danamon Peduli, as
Entering year 2014, the program continuation of last year activity to develop 6
implementation of Danamon Peduli with unit of to promote leading products of North
Marunda community focus on strenghtening Jakarta at Rumah Si Pitung.
the community in environmental, economy and
social culture management. Through Forum Economic Aspect
Group Discussion (FGD) there was agreement In the economic empowerment, Danamon
on activites of PIR: Peduli, facilitated the formation of Cooperative
Simpan Pinjam (saving and loan) Mandiri
Environmental Aspect Marunda. As addition, an enterprise unit
More than 60 members of RT 01-09 involved established which deal with electric, water and
in the discussion on waste management for other payment. Koperasi Mandiri Marunda has
the establishment of Waste Bank in 2014. two financial resources, the saving loan from
In the same year, Sejahtera Waste Bank RW the members of cooperative and revolving fund
07, Kelurahan Marunda, Kecamatan Cilincing to finance members who submit enterprise
Jakarta Utara, officially formed. development proposal. This cooperative
funding supported by Qardhu Hasan funds,

from Danamon Syariah managed by Danamon Improvement public facilities needed for
Peduli, a revolving fund that inolved Al enviromental maintenance
Azhar Umat as working partner of Danamon
Peduli. Based on community consensus, the In 2014, as pilot project, Danamon in Jakarta
operation of cooperation is based on syariah area develops the follow up activity from 3 R
management. with recycling non organic waste such as paper
collected from Danamon offices, and reuse the
PIR Progam in Marunda has a specialty as it recycled paper from paper waste at Danamon
becomes the example of Gerakan Ekonomi and Adira offices. This activity involved 14
Syariah(GRES!) that has a goal to increase central office of Danamon and Adira in Jakarta.
syariah economy implementation to bring Besides, Danamon Peduli also count carbon
welfare to the community in Indonesia. In year footprint as commiment of Danamon to
2014 Cooperative Save and Loan Mandiri decrease carbon emission (CO2 emission). By
Marunda members were 30 persons, with reducing carbon emission Danamon play a role
Qardhu Hasan fund from Danamon Syariah, in mitigation of global warming. The form of
managed by Danamon Peduli as much as Rp. this activity varies: planting the trees for carbon
25,000,0000,-. capture, recycling paper and reuse it to cut the
number of trees to produce paper, and collect
ENVIRONMENTAL CARE PROGRAM organic waste to be converted as fertilizer and
Danamon Peduuli has allocated fund of Rp. improve the soil health.
4.580.548, 524,- for series of actitivites for
Environmental Care Program throughout the The initiative to select waste paper to be
country which involved 2.244 Danamon branch recycled dan reuse can be a way to reduce the
and Adira with 6.577 volunteers of Danamon need of trees for paper production. Recycle
employees. paper from internal waste paper selection will
be used for Sustainability Report and Annual
To run Environmental Care program, the Report with 100% recycled paper. As addition,
network of Danamon regional office throughout recycling paper waste can be also used for
Indonesia can decide 1 (one) type of activity
from the following 4 (four) category:
Wate activity : to collect waste, reducing
waste, and waste management.
Green activity and the development of
biopori hole
Water catchment and sanitation activity

Goody Bag for company souvenir, company 1 KM path was for children. The participants
merchandise. In addition, the recycled paper were asked to collect waste they find in the walk
can be used a name card for Danamon and run path during sport activity. By collecting
employee. waste during sport and in a family atmosphere,
Danamon showed an example of contribution
to tacke global issue as well as to preserver the
environment in waste management.
Yayasan Danamon Peduli
Planting trees activity conducted to absorb

carbon emission, greening the city, and
preserving the rare tree of endemic species in
Sadarkah bahwa kita banyak berhutang pada alam? Kita mengkonsumsi
Indonesia. This activity took place in Manda
banyak sekali benda yang berakhir menjadi sampah, lalu perlahan-lahan
alam terancam karena tumpukan sampah kita. Museum in Jakarta. The five rare fruit tree of
Dalam rangka Bulan Kepedulian Lingkunganku, Danamon melalui Yayasan
Danamon Peduli mengundang seluruh keluarga besar Danamon dan Adira endemic species planted: Jamblang, Menteng,
untuk bersama mengumpulkan sampah non-organik di rumah dan kantor
agar dapat didaur ulang menjadi barang siap pakai yang berguna dan
ramah lingkungan. Kecapi, Sawo kecil and Sawo Mentega. This
is an activity to protect and preserve rare fruit
Yuk, ringankan beban alam bersama-sama!
species. The trees are belong to Mandala

SAMPAH
Museum to enrich it diverse tree collection.
SAMPAH SAMPAH BEKAS
PLASTIK KERTAS KANTOR
In total there 3000 planting trees , with 6.887
volunteers involved from Danamon and Adira,
BERSIHKAN DAN PISAHKAN from January to August 2014.
Mekanisme Pengumpulan Sampah
Danamon Peduli also has attention to greening
1 bawa sampah
dari rumah/
KANTOR
2
sampah diambil
oleh petugas
di kantor 3 Sampah DIANGKUT
menuju tempat
daur ulang 4 SAMPAH DIPROSES
menJADI PRODUK
SIAP PAKAI
Untuk informasi lebih lanjut hubungi: bkl2014@danamonpeduli.org

an area with enviromental care facilities
A N A K P E R U SA H AA N :
Bulan Kepedulian Lingkunganku

through the establishment: 15 well catchment,
2 bio digester, distributed in several locations,
among others, West Java (Bojoing Loa Kaler,
Kebon Gedang, Sekar Rum and Lio Genteng).
Target of recycled paper is 3,000 pieces or
minimum of 5,000 kg paper waste to be used
Danamon Peduli contributed a water fountain
in Sustainability Report and Annual Report. As
to complement park facilities as greening
addition it is expected to have 600 goody bags
effort. This activity has been possible in
in various size for different purpose.
partnership with local government of Surabaya
city through Cleanliness and Park Divion or
The Walk and Run for Recycling is a new
Dinas Kebersihan dan Pertamanan (DKP) of
initiative to increase employees involvement
through sport and environmental care activities.
Located in Mandala Museum, as start and
finish point, as many as 250 people consist
o Danamon employees, family, and invitees
joined Walk & Run for Recycling. Adult walk and
run activity took the path of 5 KM and the other

Surabaya city, in a offical ceremony attended The financial resources comes from Danamon
by 300 Danamon and Adira employess, and Peduli annual budget and employees donation,
100 people from DKP Surabaya city and included the three subsidiaries. All of the
surrounding community. The function of city funding received has been used to provide
park is to reduce carbon emission, produces basic needs for the disaster victims, especially
oxygen, lower the temperature and noise, for a in the refugee camp such as: instanst food,
a healthier environment. clean water, baby food, medicines, and other
basic facilities the refugee camp.
RAPID DISASTER ASSISTANCE
Action to disaster chanelling through Program The funding for the rapid assistance in disaster
Cepat Tanggap or Rapid Disaster Assistance, area reported on regular basis can be seen
one of CSR Danamon program to be the first at official information (http://danamonpeduli.
that brings assistance to the victim of a disaster. ord/laporan-donasi) which will be audited
In the implementation, Danamon Peduli always by Accountant Company as accountable
in collaboration with Danamon employees practices for internal and external interest. To
in all branches and corporate unit under ensure that the assistance can reach widely
Bank Danamon network and its subsidiaries the community in needs, Danamon Peduli has
throughout the country. This way will allow been in collaboration with relevant institution
Danamon to provide assistance rapidly for for disaster management, such as Indonesia
immediate needs to those in disaster area. Red Cross, National Agency for National
Agency for Disaster Prevantion (BNPB), and
Up to now, the volunteers from the employees Rapid Action Response (ACT). The formation
has donation with value of Rp. 261.169.707,- of collaboration can be coordination function
to more than 14,000 population of disaster and channeling the donation.
victims. The disaster location which received
the assistance were: Kudus (Banjir), Jakarta MANPOWER AND HEALTH,
(Banjir), Manado (Banjir), Pati (Banjir), Jember OCCUPATIONAL SAFETY
(Banjir), Kudus (Banjir dan Longsor), Karawang ENVIRONMENT (K3L)
(banjir), Balikpapan (Kebakaran Pasar), Manpower
Kabanjahe & Karo (Erupsi Gunung Sinabung), As responsible corporate Danamon respect and
Karawang (Banjir), Kediri, & Malang (Erupsi comply to labor regulations of the government.
Gunung Kelud). More over, beyond compliance to legal
regulations, Danamon believes that employees
are valuable assets for the company, which
need to be retained, developed according to
their potentials, and empowered. In regards
to career path Danamon applies equal
opportunities, both for women and me, where
work performance will determine, without
discrimination.

Harmonious industrial relations are constantly An array of activities and facilities are provided
developed and has a full of attention within by the Bank in raising employee awareness
Danamon. Labor Union has been in positive on the importance of health, and maintaining
relations with the management. Danamon health.
guarantees the employees rights to free
expression and unions in accordance with Sport activities
prevailing laws and norms. Danamon has Employees have the opportunities to select
maintained good relations with labor unions health activities according to the needs
and applied the prevailing Collective Labor and interest. A number of health actitivities
Agreement that is in effect up to 2014, in facilitated by Danamon are:
accordance with the Decision of the Director
General of Industrial Labor Relations and Sport clubs
Social Security No.Kep. 10/PHIJSK-PKKAD/ Employees can select sport activities which
PKB/I/2013 regarding the Registration to in their interest, among others: futsal,
Extend the Collective Labor Agreement. badmintaon, volleyball, basketball, table
Danamon also acknowledges the performance tennis, tennis, gymnastic/aerobic, biking,
and achievement of its employees based bowling, running, martial art.
on the periodical evaluation process. The Sport Competition
results of this evaluation serves as one of Sport competition held biannually by the
the considerations for determining rewards Bank and participated in by representatives
extended to employees, such as salary of employees from all regions within
increases, annual bonuses, and promotions, Indonesia. This activity aims to boost
which is in line with the year end performance sportsmanship among employees.
evaluation. Hand-washing Movement: a movement in
promoting hygiene through the distribution
Leave Rights of stickers on the proper and healthy way to
Danamon guarantees that every employee has wash hands.
the right to take leave which is in accordance
to the Ministry of Labor and Bank regulations. Health Information
In addition to this, employees are also granted Health Talk: seminars from health experts
permission for special leave due to personal on relevant health topics (blood sugar,
reasons such as the death of an employees cholesterol, a healthy diet, chronic diseases
family member or an employees wedding. This etc).
special leave permit does not constitute part of Online Health Articles: an online media
the employees annual leave. platform where employees can access
via www.simassehat.com and Dclub site
Health Care on Danamons intranet. This tool provides
To encourage employees healthy lifestyle information on health in the workplace, such
Danamon provides various activities and as the importance of stretching regularly
facilities to grow the awareness on the during work.
importance of self health care. Healthcare Health Fair: exhibition participated by
is one of the key factors that determine the various health care service providers
overall performance of an employee, as well as
that of the Bank as a whole. Thus maintaining
employees health is a shared responsibility.

Health Facilities RESPONSIBILITY TO CONSUMERS

Lactorium: hygienic and convenient space Responsibility for Product Information and
in the office for breastfeeding mothers Services
Supporting activities Danamon has in the course of performing its

Art and Hobby clubs: groups of employees responsibility pertaining to product information
who share interests and hobbies, such as and banking services, chosen to take two
photography, fishing, choir practice, vocal approaches, namely, educating clients and
groups, and musical bands. potential depositors, as well as providing
training and guidance for front-liners.
Occupational Security and Enviroment
Danamon constantly strives to ensure the safety Customer Education
and security of its employees in the workplace. Danamon constantly strives to ensure that
Danamon has carried out various efforts its customers and prospective depositors
aimed at enhancing safety and security in the understand all products and services offered
workplace, despite the fact that the banking by the Bank. This is meant to ensure that the
industry tends to have relatively low incidences selected product meets the customers needs,
of work-related accidents compared to other characteristics, and risk profile.
industries, such as the mining or manufacturing
sectors.
The efforts for safety and security, Danamon

covers the following procedure included:
Determining procedures and resources
required to address emergency situations
(natural disasters, fires, riots), including
establishing a Command Center within the
Corporate sections as well as the Regional
level for Danamon and its subsidiaries.
Implementing evacuation drills periodically.
Continuously disseminating information
pertaining to safety procedures to
employees, such as via e-mail blast.
Attention to K3L aspects in every building
constructed or occupied by Danamon.
Ensure that the density ratio of employees
per room is in accordance with prevailing
standards. 6. Ensure that the lighting
system, air conditioning, and air circulation
all function adequately.

LAPORAN PELAKSANAAN KEGIATAN EDUKASI UNTUK MENINGKATKAN LITERASI KEUANGAN KEPADA

KONSUMEN DAN / ATAU MASYARAKAT PT BANK DANAMON INDONESIA, TBK. TAHUN 2014
No of
No. Division City Target Partici- Financial Literacy Education
pants)
1 Micro Balikpapan, Bandung, UMKM Enterpreneur, 7,080 Meet Customers and Potential
Banking Cirebon, Denpasar, Housewifes, Market Customers
Jakarta, Jambi, Community
Manado,Malang,
Makassar, Medan,
Palembang, Pekanbaru,
Semarang, Solo, dan
Surabaya
2 Micro Balikpapan, Bandung, UMKM Enterpreneur, 3,100 Training on Business
Banking Cirebon, Denpasar, Housewifes, Market Development
Manado,Malang,
Makassar, Medan,
Semarang, Solo, dan
Surabaya
3 Micro Balikpapan, Bandung, UMKM Enterpreneur, 6,390 Meet Customers and Potential
Banking Cirebon, Denpasar, Housewifes, Market Customers
Manado,Malang,
Makassar, Medan,
Semarang, Solo, dan
Surabaya
4 Micro Balikpapan, Bandung, UMKM Enterpreneur, 1,700 Training on Business
Banking Cirebon, Denpasar, Housewifes, Market Development
Manado,Malang,
Makassar, Medan,
Semarang, Solo, dan
Surabaya
5 Micro Jakarta UMKM Enterpreneur, 65 Smart Paths
Banking Housewifes, Market
Community
6 Micro Jakarta Housewifes and UMKN 480 Family Financial Planning
Banking Enterpreneur
7 Micro Medan Housewifes and UMKN 280 Family Financial Planning

8 Micro Samarinda Housewifes and UMKN 280 Family Financial Planning

9 Micro Makassar Housewifes and UMKN 280 Family Financial Planning

10 Micro Denpasar Housewifes and UMKN 280 Family Financial Planning

11 Micro Serang Housewifes and UMKN 280 Family Financial Planning


Activities/ Budget
Goal Activities Date PIC
Methode Allocation
Brief Explanation on micro banking Program January - March Rp98,333,333 Marcomm SEMM
products and their roles Community
Gathering
Community surrounding market motivated Discussion and January- March Rp38,750,000 Marcomm SEMM
to develop busiess with knowledge related Consultation
to enterpreneurship and understanding of
micro bankning
Brief explanation onf micro banking Program April - June Rp88,750,000 Marcomm SEMM
products and their roles Community
Gathering
Community surrounding market motivated Discussion and April - June Rp21,250,000 Marcomm SEMM
to develop busiess with knowledge related Consultation
to enterpreneurship and understanding of
micro bankning
Roadshow Successful micro banking in Discussion and June Rp83,333,333 Marcomm SEMM
enterpreneurship, sharing enterpreneurs Consultation
science to general public
To understand the importance of financial Discussion and May 5 to 11 Rp39,000,000 Regional Sales
planning Consultation Marketing
Manager
Manager
Manager
Manager
Manager
Manager

No of
pants)
12 Micro Cirebon Housewifes and UMKN 280 Family Financial Planning,
Banking Enterpreneur SIKAPI and SIMOLEK
Socialization
13 Micro Semarang Housewifes and UMKN 280 Family Financia Planningl,
Socialization
14 Micro Kediri Housewifes and UMKN 280 Family Financia Planningl,
Socialization
15 Micro Surabaya Housewifes and UMKN 280 Family Financial Planning,
Socialisation
16 Micro Bandung Housewifes and UMKN 280 Family Financial Planning,
Socialization
17 Micro Yogyakarta Housewifes and UMKN 280 Family Financial Planning,
Socialization
18 Micro Manado Housewifes and UMKN 100 Socialization of SIKAPI and
Banking Enterpreneur SIMIOLEK
19 Micro Pekanbaru Housewifes and UMKN 100 Socialization of SIKAPI and

Banking Enterpreneur SIMIOLEK
20 UKM Banking Bogor UMKM Enterpreneur and 103 Financial Management:. Theme:
Market Community Smart Efforts toward National
Welfare
21 UKM Banking Bekasi UMKM Enterpreneur and 277 Financial Management:. Theme:
Market Community Smart Efforts toward National
Welfare
22 Consumer Surabaya University Students 50 Early Financial Planning
Banking

Banking

Banking

Banking

Banking

Activities/ Budget
Methode Allocation
Manager
Manager
Manager
Manager
Manager
Manager
Knowledge on SIKAPI Program Discussion and May 5 to 11 Rp2,500,000 Regional Sales
Consultation Marketing
Manager
Knowledge on SIKAPI Program Discussion and May 5 to 11 Rp2,000,000 Regional Sales
Consultation Marketing
Manager
Know how to separate personal finance Program May 5 to 6 Rp10,000,000 Marcomm SME
and business finance, and education on the Community
right financial product. Gathering
Know how to separate personal finance Program May 7 to 9 Rp10,000,000 Marcomm SME
and business finance, and education of the Community
right financial product Gathering
University students have early Visit UBAYA 5-May-2015 Rp1,542,750 Marcomm Retail
understanding on banking products, Campus Banking
benefits and risks, before they entering
workforce
University students have early Visit UPN Fak. May 6 Rp1,542,750 Marcomm Retail
understanding on banking products, FISIP campus Banking
workforce
University students have early Visit to UBAYA May 7 Rp1,542,750 Marcomm Retail
understanding on banking products, Fak. Psikologi Banking
benefits and risks, before they entering campus
workforce
University students have early Visit Hangtuah May 8 Rp1,542,750 Marcomm Retail
understanding on banking products, Campus Banking
workforce
University students have early Visit Unair B May 9 Rp1,542,750 Marcomm Retail
understanding on banking products, (Ekonomi) campus Banking
workforce

No of
pants)
27 Consumer Medan General Public 200 In collaboratoin with Tribun
Banking Dadily and Radio Smart Fmto
conduct event in Merdeka Field
CBD Polonia Medan
28 Consumer Tanjung Balai General Public 100 Conventional banking product
Banking and services eduction to
community surrounding
Danamon Danamon
29 Consumer Kisaran General Public 100 Conventional banking product
Danamon Danamon
30 Consumer Tebing Tinggi General Public 100 Conventional banking product
Danamon Danamon
31 Consumer Rantau Prapat General Public 100 Conventional banking product
Danamon Danamon
32 Consumer P. Siantar General Public 100 Conventional banking product
Danamon Danamon
33 Consumer Deli serdang General Public 100 Conventional banking product
Danamon Danamon
34 Consumer P. Sidempuan General Public 100 Conventional banking product
Danamon Danamon
35 Consumer Gunung Sitoli General Public 100 Edukasi produk dan layanan
Banking perbankan konvensional kepada
masyarakat di sekitar Danamon
36 Consumer Tanjung Balai General Public 100 Edukasi produk dan layanan
37 Consumer Kisaran General Public 100 Edukasi produk dan layanan
38 Consumer Tebing Tinggi General Public 100 Edukasi produk dan layanan
39 Consumer Medan General Public 100 Edukasi produk dan layanan

Activities/ Budget
Methode Allocation
Public understand periodically on the Radio Talkshow April 27 Rp2,500,000 Marcomm Retail
development of banking product and Banking
services and risks
Public understand periodically on the Discussion and April 11 Rp416,667 Marcomm Retail
development of banking product and Consultation Banking
services and risks
Public understand periodically on the Discussion and April 16-17,2014 Rp416,667 Marcomm Retail
services and risks
Public understand periodically on the Discussion and April 23, 2014 Rp416,667 Marcomm Retail
services and risks
services and risks
services and risks
services and risks
Public understand periodically on the Discussion and April 4,2014 Rp416,667 Marcomm Retail
services and risks
services and risks
Public understand periodically on the Discussion and May 22, 2014 Rp416,667 Marcomm Retail
services and risks
services and risks
services and risks
Public understand periodically on the Discussion and May 7 to 8, 2014 Rp416,667 Marcomm Retail
services and risks

No of
pants)
40 Consumer Tanjung Morawa General Public 300 Edukasi produk dan layanan
Danamon Danamon
Danamon Danamon
43 Consumer P. Sidempuan General Public 100 Conventional banking product
Danamon Danamon
44 Consumer Sibolga General Public 100 Conventional banking product
Danamon Danamon
45 Consumer Gunung Sitoli General Public 100 Conventional banking product
Danamon Danamon
46 Consumer Medan General Public 100 Conventional banking product
Danamon Danamon
Danamon Danamon
48 Consumer SM Raja General Public 100 Conventional banking product
Danamon Danamon
49 Consumer Tanjung Balai General Public 100 Conventional banking product
Danamon Danamon
50 Consumer Kisaran General Public 100 Conventional banking product
Danamon Danamon
51 Consumer Tebing Tinggi General Public 100 Conventional banking product
Danamon Danamon
52 Consumer Rantau Prapat General Public 100 Conventional banking product
Danamon Danamon
Danamon Danamon

Activities/ Budget
Methode Allocation
Public understand periodically on the Program May 25, 2014 Rp666,667 Marcomm Retail
development of banking product and Community Banking
services and risks Gathering
services and risks
services and risks
services and risks
services and risks
services and risks
Public understand periodically on the Discussion and May 9 to 10, Rp416,667 Marcomm Retail
development of banking product and Consultation 2014 Banking
services and risks
services and risks
services and risks
Public understand periodically on the Discussion and June 13, 2014 Rp416,667 Marcomm Retail
services and risks
Public understand periodically on the Discussion and June 14,2014 Rp416,667 Marcomm Retail
services and risks
Public understand periodically on the Discussion and 10-Jun-2014 Rp416,667 Marcomm Retail
services and risks
services and risks
services and risks

No of
pants)
Danamon Danamon
Danamon Danamon
56 Consumer Tanjung Morawa General Public 100 Conventional banking product
Danamon Danamon
Danamon Danamon
Danamon Danamon
Danamon Danamon
Danamon Danamon
Danamon Danamon
Danamon Danamon
63 Consumer SM Raja General Public 100 Conventional banking product
Danamon Danamon
64 Consumer Jakarta, Jawa Timur, University Students 250 Socialization of Fiture and
Banking Jogyakarta & Sumatrra Program of Tabung Danamon
Lebih dan Tabungan Ku
65 Consumer Makasar Middle-Upper Class 150 Meet Priority Customers
Banking - mainly Housewife
- Wealth Enterpreneurs
Management
66 Consumerr Surabaya Middle-Upper Class 200 Meeet Priority Customers
Banking - mainly Housewife
- Wealth Enterpreneurs
Management
67 Syariah Jakarta UMKM Enterpreneurs 25 Financial Management and
Banking Family Investment
68 Syariah Jakarta Ibu Rumah Tangga 36 Financial Management and

Activities/ Budget
Methode Allocation
services and risks
Public understand periodically on the Discussion and June 10-11, 2014 Rp416,667 Marcomm Retail
services and risks
services and risks
services and risks
services and risks
Public understand periodically on the Discussion and June 13,2014 Rp416,667 Marcomm Retail
services and risks
Public understand periodically on the Discussion and June 7 and 27 Rp416,667 Marcomm Retail
development of banking product and Consultation 2014 Banking
services and risks
Public understand periodically on the Discussion and June 13.,2014 Rp416,667 Marcomm Retail
services and risks
services and risks
services and risks
Understand the importance of early Visiting Campus April - June Rp90,000,000 Marcomm Retail
saving as possible, benefits and fitures of Banking
Danamon products
Information of Market Update dan Talkshow June 5, 2014 Rp18,333,333 Wealth
Economic Outlook Investment Management
Information of Market Update dan Talkshow June 18 2014 Rp18,333,333 Wealth

Economic Outlook Investment Management
Understand facilities for family financial Discussion and May 10, 2014 Rp4,000,000 Marcomm Syariah
management and investment Consultation
Understand facilities for family financial Discussion and May 11, 2014 Rp4,000,000 Marcomm Syariah
management and investment Consultation

No of
pants)
69 Syariah Bandung Ibu Rumah Tangga 100 Family Financial Management
Banking
70 Syariah Bandung General Public 100 Family Financial Management

Banking
71 Syariah Jogjakarta Housewifes 50 Family Financial Management

Banking
72 Syariah Lampung Housewifes, Students, 50 Financial Management and

Banking University Students, etc. Investment
73 Syariah Tangerang Housewifes, Students, 50 Financial Management and

74 Syariah Batam Housewifes, Students, 100 Financial Management and

75 Syariah Jakarta UMKM 25 Financial Management and

76 Syariah Jakarta Housewifes 36 Financial Management and
77 Syariah Depok Housewifes, Students, 100 Financial Management and
Banking University Students, etc. Family Investment
78 Syariah Jakarta Mass Media 100 Financial Management and

79 Public National Level General Public 60,048 Economic Outlook 2014

Relations
80 Public Nasional General Public 113,424 UKM Revival Era

Relations
81 Public Nasional General Public 33,360 The Role of Multi Finance in
Relations Indonesia economy
82 Public Nasional General Public 66,720 The role of OJK on Financial
Relations Industrial Development in
Indonesia
83 Public Nasional General Public 26,688 Improving Quality of Life by
Relations Smart Banking Solutions

Activities/ Budget
Methode Allocation
Understand the important aspects family Talkshow with January 30, 2014 Rp2,750,000 Marcom Syariah,
financial management Financial Planner bekerjasama dgn
: Ahmad Ghozali OJK & perbankan
Syariah
Understand the important aspects family Radio Talkshow Jan 29, 2014 Rp250,000 Marcomm Syariah
financial management with Syariah
Marcom and
Syariah Retail
Funding Head
Understand the important aspects family Talkshow with Feb 20,2014 Rp2,500,000 Marcom Syariah,
Syariah
Understand the important aspects family Talkshow with March 20, 2014 Rp2,166,667 Marcom Syariah,
Syariah
Understand the important aspects family Talkshow with Apr 10, 2014 Rp2,416,667 Marcom Syariah,
Syariah
Understand the important aspects family Talkshow with May 1, 2014 Rp2,500,000 Marcom Syariah,
Syariah
Understand the important aspects family Discussion and May 10-11, 2014 Rp666,667 Marcomm Syariah
financial management Consultation
Understand the important aspects family Discussion and May 10-11, 2014 Rp666,667 Marcomm Syariah
financial management Consultation
Understand th facilities on financial Talkshow with June 19, 2014 Rp2,416,667 Marcom Syariah,
management and investment Financial Planner bekerjasama dgn
Ahmad Gozali OJK & perbankan
Syariah
Understand Danamon Syariah product and Media Gathering June 30, 2014 Rp2,500,000 Marcomm Syariah
program and the recent development of
Syariah banking
General public has the iformation on TV Talkshow January 7 and 11, Rp432,612,067 Public Affairs
condition & situation Indonesia economy 2014
2014
General public understand the role of TV Talkshow January 21 and Rp439,069,567 Public Affairs
banking and UKM growth in Indonesia 28, 2014
Public understand the role of Multi Finance TV Talkshow February 4 and Rp432,612,067 Public Affairs
in Indonesia economic growth 11, 2014
Public understand the function and role of TV Talkshow February 18 and Rp432,612,067 Public Affairs
OJK 25, 2014
Public are smarter in selecting banking TV Talkshow March 4 and 11, Rp432,612,067 Public Affairs
product 2014

No of
pants)
84 Micro Banking Traditional Market in the Enterpreneur of UMKM, 7,231 Introduction and Brief Explanation
following city:Balikpapan, Housewife, Market of Banking Basic Products & its
Bandung, Cirebon, Community program.
Denpasar Jakarta, Jambi,
Makassar, Malang,
Manado, Medan,
Semarang, Solo, and
Surabaya
85 Micro Banking Region: Balikpapan & Enterpreneur of UMKM, 197 Knowledge on enterpreneurship
Jambi Housewife, Market and business development, and
Community banking industry
86 Consumer Semarang General Public 40 Saving Benefits and family

Banking financial planning
87 Consumer Semarang General Public 30 Saving Benefits in family financial

Banking planning
88 Consumer Semarang General Public 40 Saving Benefits in Family
Banking Financial Planning
89 Consumer Semarang Housewifes 17 Saving Benefits in family financial
Banking planning

Banking planning
91 Consumer Semarang Enterpreneur 40 Banking Role in Business

Banking Development

Banking planning

Banking planning
94 Consumer Semarang Professionals 35 The Saving Benefits in the family

95 Consumer Semarang Private Sector Employees 17 Having the information on

Banking banking products, benefits,
and risks, and their function in
financial planning
Banking planning
97 Consumer Semarang State Owned Employees 50 Saving Benefits in the family


Activities/ Budget
Methode Allocation
To educate public to have periodical Customer July - Sept 2014 Rp159,387,333 Marcomm SEMM
information on banking products and Gathering
services and the risks
To motivate surrounding market community Customer July - Sept 2014 Rp2,500,000 Marcomm SEMM
in business development with knowledge Development
on enterpreneurship and understanding on
micro banking
To educate public on the information of Customer July 4, 2014 Rp662,000 MarComm Retail
saving products, benefits & risks for future Gathering Banking (Wil 7)
planning.
To educate public on saving products, Customer July 4, 2014 Rp2,475,350 MarComm Retail
benefits & risks for the future planning. Gathering Banking (Wil 7)
To educate public on saving products, Customer July 25, 2014 Rp825,000 MarComm Retail
benefits & risks for the future planning. Gathering Banking (Wil 7)
To introduce banking products, benefits and Presentation on August 8, 2014 Rp125,000 MarComm Retail
risks as well as their role in family member the Location Banking (Wil 7)
education planning
To introduce banking products, benefits and Customer August 22, 2014 Rp1,000,000 MarComm Retail
risks as well as their role in family member Gathering Banking (Wil 7)
education planning
To educate enterpreneurs to have the Customer August 23,2014 Rp1,017,500 MarComm Retail
information banking products, benefits and Gathering Banking (Wil 7)
risks to assist business development
To educate public to have information on Customer August 26, 2014 Rp1,500,000 MarComm Retail
Saving Products, benefits and risks for future Gathering Banking (Wil 7)
financial planning
To educate public to have information on Customer August 29,2014 Rp1,110,650 MarComm Retail
Saving Products, benefits and risks for Gathering Banking (Wil 7)
financial future planning
To educate medical staff to have information Presentation on Sept 3. 2014 Rp500,000 MarComm Retail
on banking Saving products, benefits and the Location Banking (Wil 7)
risks in financial planning
To educate private sector employees to Presentation on Sept 4, 2014 Rp400,000 MarComm Retail
exercise financial planning on their monthly the Location Banking (Wil 7)
salary
To educate public to have information on Customer Sept 9, 2014 Rp1,500,000 MarComm Retail
Saving Products, benefits and risks for future Gathering Banking (Wil 7)
financial planning
To educate public to have information on Presentation on Sept 10, 2014 Rp200,000 MarComm Retail
Saving Products, benefits and risks for future the Location Banking (Wil 7)
financial planning

No of
pants)
98 Consumer Semarang Students 50 The importance of early financial
Banking planning to realize their dreams
99 Consumer Semarang Woman Association of 30 Saving for children education
Banking Dharmawanita
100 Consumer Semarang Housewifes 22 The role of housewifes in
Banking management on financial family
planning
101 Consumer Semarang Housewifes 66 Family financial planning for
Banking family member education
102 Consumer Semarang Housewifes 25 Saving Benefits in financial

Banking planning
103 Consumer Semarang Private Sector Employees 25 Saving means protected
Banking
104 Consumer Semarang General Public 10 Saving benefits in family financial
Banking planning
105 Consumer Semarang Football Community 54 Saving benefits in family financial

Banking planning
106 Consumer Semarang Students 22 The importance of early financial

Banking planning to realize dreams
107 Consumer Semarang Enterpreneur 250 Knowing the benefits of having
Banking investment in stock market and
- Wealth its riks
Management
108 Consumer Medan Enterpreuners 250 Having the information onf the
Banking benefits of investing in stock
- Wealth market and risks
Management
109 Syariah Bekasi Young Couple, Housewifes 250 Introduction of syariah banking
Banking and its basic products and
services
110 Syariah Jakarta Convention Center Public in general, 150 Intoduction of syariah banking
Banking Students, Industrial & and its product and services
Banking Actors

Activities/ Budget
Methode Allocation
To develop habits of Saving early to realize Presentation on Sept 11, 2014 Rp357,500 MarComm Retail
their dreams the Location Banking (Wil 7)
To assist education planning for family Presentation on Sept 12, 2014 Rp100,000 MarComm Retail
member the Location Banking (Wil 7)
To educate mothers to understand the Presentation on Sept 15, 2014 Rp180,000 MarComm Retail
importance of family financial planning the Location Banking (Wil 7)
To introduce banking products, benefits Presentation on Sept 17, 2014 Rp360,000 MarComm Retail
and risks and the role of family member the Location Banking (Wil 7)
education planning
To build the capacity of mothers in family Presentation on Sept 20, 2014 Rp200,000 MarComm Retail
financial planning the Location Banking (Wil 7)
The private sector employees understand the Presentation on Sept 20, 2014 Rp475,000 MarComm Retail
saving benefits as insurance protection the Location Banking (Wil 7)
To educate public to have information on Customer Sept 25, 2014 Rp978,285 MarComm Retail
banking Saving products, benefits and risks Gathering Banking (Wil 7)
in financial planning
To educate football community to Presentation on Sept 30, 2014 Rp1,000,000 MarComm Retail
have information of banking Saving the location Banking (Wil 7)
products,benefits and risks in financial
planning
To develop habits of early saving to the Presentation on August 27, 2014 Rp200,000 MarComm Retail
students to realize dream the locatioin Banking (Wil 7)
To introduce investment as an alternative Meeting Priority August 21, 2014 Rp15,000,000 Wealth
to saving, time deposit, information related Customer - Management
OJK understanding, function, vission,mission Invesment
and authority Talkshow
To introduce investment as an alternative Meeting Priority Sept 25, 2014 Rp15,000,000 Wealth
to saving, time deposit, information related Customer - Management
OJK understanding, function, vission,mission Invesment
and authority Talkshow
Public understand the difference and iB Vaganza : August 14-17, Rp8,500,000 MarComm
benefits of syariah banking products and socialization of 2014 Syariah
conventional banking syariah banking
products and
services to public
in general
Public understand the difference and Indonesia August 28-30, Rp2,500,000 MarComm
benefits of syariah banking products and Banking Expo 2014 Syariah
conventional banking

No of
pants)
111 Danamon Sragen, Central Java, Market Community 25 Cooperative Training 2
Peduli (members of traders,
carrier; traders)
112 Danamon Pasar Bunder Market Traders, 40 Financial Training

Peduli Sindanglaya,
Majalalengka
113 Danamon Majalengka, West Java Management of Market 20 Traders Cooperative and
Peduli Cooperative, Kemuning Financial Management
114 Danamon Pontianak, West Management of Business 45 Training on Management and

Peduli Kalimantan Occupational Health Financial Management UKK
Efforts (UKK), Pasar Baru
115 Danamon Bantaeng, South Sulawesi Cooperative Management 20 Training on Basic Cooperative
Peduli of Pasar Lambocaa
Traders
116 Danamon Pekalongan, Sragen, The manager of Market 60 Training on Fundraising

Peduli Probolinggo Community Scheme
(Radioland, bulletin
board, cooperatives,
banks garbage) in
Market Bundder, Sragren,
Pekalongan Grogolan
Market and New Market
Probolinggo.
117 Danamon Marunda, Jakarta Management and 25 Training on Cooperation and
Peduli Members of Marunda Cooperative Excellent Product
Saving and Loan
Cooperative

Activities/ Budget
Methode Allocation
1. Provide background and understanding Exposure of October 16, Rp10,000,000 Yayasan Danamon
of the importance of cooperatives in the the material, 2014, December Peduli
market in order to break the chain of discussion 3-4, 2014
moneylenders for the welfare of members groups,
or market traders internships
2. Provide insight to traders of the process Exposure November 4, Rp9,800,000 Yayasan Danamon
and the cooperative operation material, group 2014 Peduli
discussion,
internship
3. Growing a healthy entrepreneurial spirit Exposure October, 2014 Rp6,000,000 Yayasan Danamon
material, group Peduli
discussion,
internship
4. Reducing dependency on moneylenders Exposure November 25-26, Rp5,000,000 Yayasan Danamon
traders, who lend capital with high material, group 2014 Peduli
interest discussion,
internship
1. Provide knowledge on the importance Material December 2 to Rp5,000,000 Yayasan Danamon
of sustainability of community program/ exposure, group 14, 2014 Peduli
scheme discussion,
2. Provide information of the importance of exercise
fundraising
3. Provide skills on the formulation of
fundraising strategy
1. Provide knowledge on the importance Exposure of 2 s.d 14 Rp46,050,000 Yayasan Danamon
of sustainability of community program/ material, group Desember 2014 Peduli
scheme discussion,
2. Provide information of the importance of exercise
fundraising
3. Provide skills on the formulation of
fundraising strategy
Enhancing the capacity of cooperative Material 2 s.d 14 Rp15,000,000 Yayasan Danamon

manager in cooperative management exposure, group Desember 2014 Peduli
discussion,
exercise

No of
pants)
118 Perbankan Mall Gajayana (MOG), Young couple, 2,000 Introducing basic syariah banking
Syariah Malang Housewifes, general product and its services
public within Malang, East
Java, surrounding area
119 Perbankan JW Marriot, Surabaya Participants of 200 Introducing basic syariah banking
Syariah International Central Bank product and its services
conference
120 Perbankan Jakarta International Expo, General Public, Students 1,500 Introducing basic syariah banking
Syariah Kemayoran product and its services
121 Micro Banking Traditional Market in UMKN Businessman, +/- 30 Introduction and brief explanation
Balikpapan, Bandung, Housewife, Market persons/ of basic banking product and
Cirebon, Denpasar, Community unit program
Jakarta, Jambi, Makassar,
Malang, Manado, Medan,
Semarang, Solo and
Surabaya
122 Micro Banking Region: Jambi, Malang, Introducing basic Syariah +/-100 Knowledge on enterpreneurship
and Pekanbaru banking product and its persons/ and business development, and
services unit banking understanding
123 Micro Banking Traditional Market in UMKN businessman, +/-100 Expanding business access
Semarang, Malang, Housewife persons/ between market traders and
Surabaya, Medan, activity banking
Makassar
124 Consumer Jakarta and Bekasi University students and 4,587 Early financial planning
Banking Public
125 UKM Banking Bandung Perbarindo, Director, 40 Discussion and sharing on

and Executive BPR Business Risks Analysis and recent
Commisioner, West Java role of OJK (Financial Services
Authority)
126 UKM Banking East Java Perbarindo, Director, 40 Discussion and sharing on
Commisioner, East Java role of OJK (Financial Services
Authority)
127 UKM Banking Central Java Perbarindo, Director, 40 Discussion and sharing on
Commisioner, East Java role of OJK (Financial Services
Authority)
128 Public Jakarta Journalists 35 Knowledge on banking industry
Relations and market update
129 Wealth Seminar on Capital Market Enterpreuners 250 Understand the benefits of
Management Investment investment in capital market and
Services- retail the risks.
banking

Activities/ Budget
Methode Allocation
Public understands the difference between iB Vaganza: 6 - 9 November Rp8,500,000 Syariah Marcom
the benefits of Syariah banking products and product 2014
conventional banking socialization,
and syariah
banking services
to the community
Conference participants understand the Mini Expo 3-4 November Rp5,000,000 Syariah Marcom
progress of syariah banking 2014
Public understands the dfference between Mass financial December 20-21, Rp5,000,000 Syariah Marcom
Syariah banking products and conventional market 2014
banking
To make the information available on regular Customer October Rp4,166,667 Marcomm SEMM
basis of banking products and services with Gathering December 2014
their risks.
The community surrounding the market can Customer October Rp50,000,000 Marcomm SEMM
be motivated in business development Development December 2014
equipped with knowledge on the
enterpreunership and understanding micro
banking
To build the information for public on Grebek Pasar October- Rp21,000,000 Marcomm SEMM
banking product and services with the risks December 2014
on regular basis
Educate university students and public on Bi Wow Nov 12 Dec 11 Rp17,666,667 Marketing
saving, by introducing Danamon saving Danamon 2014 Consumer Banking
product (Marcomm)
Educate public to understand the Training and October 24, 2014 Rp10,000,000 MarComm SME
development of banking products and BPR Sharing
services and their risks Session (Linkage
Program)
Educate public to understand the Training and November 7, Rp10,000,000 MarComm SME
development of banking products and BPR Sharing 2014
Program)
Educate public to understand the Training and November 17, Rp10,000,000 MarComm SME
development of banking products and BPR Sharing 2014
Program)
The journalist understand the development of Media Workshop November 18, Rp19,500,000 External Affaris
banking sector and current market condition 2014 Danamon
Introducing invesment alternative aside from Meeting the October 22, 2014 Rp22,500,000 Wealth
saving and deposit, and information on the customer: Management
function, vission, mission and goal, OJK role Investment
and authority Priority Talk
Show

No of
pants)
130 Public Kupang, NTT Housewife, UKM and 420 Semi Workshop and Financial
Relations Public in general Industry Exhibition
131 Public Affairs Jakarta Public, financial services 670 Toward Financial Literacy
consumer, housewifes,
UMKM, University students
and students, Mass media,
and social group
Frontliners Training
Danamon Frontliners have crucial role to Danamon Access Center (DAC) The DAC is a
give information on Danamon products and customer service unit that can be accessed at
services. Therefore, frontliners need to possess any time by dialing the 24-hour 500-090 phone
in-depth knowledge about the Banks products number. The DAC team is always ready to serve
and services through intensive training in 2014. customers, such as by providing information
and data as well as responding and resolving
Danamon, working through Consumer Service complaints.
Quality, conducted training for frontliners on
the following topic: retail banking, operations, The DAC Team is equipped with cutting-edge
SME, and Danamon Access Center frontliners devices that can access the banking system
in Indonesia. to obtain timely information. Matters that
specifically require further follow-up will be
Handling Consumer Complaints pursued by another support team that can
One of the Banks commitments to maintain coordinate with related units to secure solutions
customers trust is by constantly providing the for a customers requests and problems.
best services.
To anticipate problems that can ruin Danamon DAC Customer Care
the trust of customer to Danamon, two units Participant
DAC Training - Banking
formed Danamon Customer Service unit, or Actual Hours
Danamon Access Center (DAC) as well as DAC Induction Training - New Agent 34 960
Customer Care. Hard Skill (program & product, 581 95
refresh)
With resouceful information on Danamon Total 615 1.055
products and serivices, and immedidate
DAC Training - Card Hours
response to cutomers complaints, it is Actual
expected that there is a growing solid trust Induction Training - New Agent 90 1.760
to Danamon as a bank that provide the best Hard Skill (program & product, 542 42
services and solution to the customers. These refresh)
is the approach to make loyal customers. DAC Soft Skill 177 348
is services and appreciation from Danamon to Total 632 1.802
its customers. Grand Total 1.247 2.857

Activities/ Budget
Methode Allocation
Rp90,557,500
Rp47,500,000
Periodical Monitoring
DAC Customer Care is a centralized customer The DAC and Quality Service team will
service unit set up to handle complaints. periodically discuss and review existing
Customer complaints can be submitted problems and complaints. The results are
various ways, such as through the Call Center, then used as feedback for relevant units to
Correspondence, Branch Banking as well as use in improving processes or services within
other banking divisions. To measure the level their respective areas. In addition to this, all
of completion for handling a complaint, the issues and complaints received along with
customer will be informed of the timeframe their resolution are regularly reported to Bank
required. management.

DATA TRAINING SOFT SKILL DAC 2014

Jumlah
No Training Soft Skill Date Lokasi Participant Duration Hours
Participant
1 TTT - Contact 3 - 4 Feb BDI Managers, Unit 10 2D 16
Center Operation 2014 Prapatan Head
Management Lt.9
2 Optimizing Your 27 Maret Hotel Royal Inbound Mgr, 5 0.5 D 4
Schedule Mgt - 2014 Kuningan MIS officer
Diskusi
3 Attitude Virus 13/05/2014 Kampus Call Center 5 1D 8
Ciawi agent
4 Attitude Virus 7 Juni 2014 Call Center & 5 1D 8
Correspondence
agent
5 Attitude Virus 21 Juni 2014 Call Center & 4 1D 8
Correspondence
agent
6 Attitude Virus 7 Juli 2014 Call Center 2 1D 8
agent
7 Attitude Virus 23 Agustus Call Center 8 1D 8
2014 agent
8 Attitude Virus 30 Agustus Call Center & 7 1D 8
2014 Correspondence
agent
9 Attitude Virus 30-Oct-14 Call Center 5 1D 8
agent
10 7 Habits of High 14-Apr-14 Call Center Spv 1 1D 8
Effective People
11 7 Habits of High 13 Agustus Call Center Spv, 3 1D 8
Effective People 2014 Customer Care
12 Danamon Caring 08-Sep-14 Call Center Spv 1 1D 8
Leaders
13 Danamon Caring 13-Nov-14 Call Center Spv 1 1D 8
Leaders
14 Danamon Solid 15-Sep-14 Call Center Spv 1 2D 16
Leaders
15 Dynamic 23-Jun-14 Trainer Asst 1 2D 16
Danamon
Program
16 Dynamic 21-Aug-14 Cust Care officer 1 2D 16
Danamon
Program
17 Effective 17-Apr-14 Call Center & 5 1D 8
Communication Correspondence
Skill agent
18 Effective 23-May-14 Call Center 5 1D 8
Communication agent
Skill
19 Effective 03-Jul-14 Call Center 3 1D 8
Communication agent
Skill

Jumlah
No Training Soft Skill Date Lokasi Participant Duration Hours
Participant
20 Effective 15-Oct-14 Call Center, 5 1D 8
Skill agent, cust care
21 Effective 15-Nov-14 Call Center, 7 1D 8
Skill agent, cust care
22 Proactive to 26-Apr-14 Call Center 4 1D 8
Change agent
23 Proactive to 09-May-14 Call Center 5 1D 8
Change agent
24 Proactive to 11-Jun-14 Call Center, 12 1D 8
Change Correspondence
agent, cust care
25 Proactive to 16-Aug-14 Call Center 14 1D 8
Change agent
26 Proactive to 21-Oct-14 Call Center 3 1D 8
Change agent
27 Proactive to 10-Dec-14 Call Center 3 1D 8
Change agent
28 Start Right Stay 14-May-14 Call Center, 8 1D 8
Right Correspondence
agent, cust care
29 Start Right Stay 07-Jul-14 Call Center 3 1D 8
Right agent
30 Start Right Stay 16-Sep-14 Call Center 5 1D 8
Right agent
31 Unleashing Your 25-Aug-14 Cust Care spv 2 2D 16
Supervisory
Potential
Unleashing Your 15-Oct-14 Call Center spv 2 2D 16
Supervisory
Potential
32 English Course 7 Mei - 20 BDI TL, Call Center 16 12 D 24
- pre Intermediate Juni 2014 Prapatan agent
level Lt.4
33 Business English 11 Nov - 18 BDI Correspondence 15 12 D 24
Correspondence Dec 2014 Prapatan staff
Lt.4

DATA TRAINING NEW AGENT - BANKING 2014

Jumlah Duration
Training New Agent Banking Date Lokasi Participant Hours
Participant (days)
New Agent Banking Training 6-Jan-14 Training Room Lt.4 New Trainee 7 15 120
New Agent Banking Training 10 Maret 14 Training Room Lt.4 New Trainee 3 15 120
New Agent Banking Training 14-Apr-14 Training Room Lt.4 New Trainee 5 15 120
New Agent Banking Training 01 Mei-14 Training Room Lt.4 New Trainee 6 15 120
New Agent Banking Training 25-Agustus 14 Training Room Lt.4 New Trainee 3 15 120
New Agent Banking Training 15-Sep-14 Training Room Lt.4 Agent Card 6 15 120
& CCU
New Agent Banking Training 24-Sep-14 Training Room Lt.4 New Trainee 2 15 120
New Agent Banking Training 3 Desember 14 Training Room Lt.4 New Trainee 2 15 120
DATA TRAINING NEW AGENT - CARD 2014

Jumlah Duration
Training New Agent Card Date Lokasi Hours
Participant (days)
New Agent Card Training 07/01/14 Training Room Lt.2 New Trainee 6 20 160
DATA TRAINING CARD 2014

Jumlah
No Training Hard Skill Card Date Lokasi Participan Hours
Participant
1 Absence 23?01/2014 Training Room Lt 4 Agent 13 1
2 EUC 04/03/14 Training Room Lt 4 Agent 20 1
3 Process Claim Red Rewards MU 14/04/14 Training Room Lt 4 Agent & TL 17 1
4 Staff Card 29/04/14 Training Room Lt 4 All Unit 25 1
5 Email Refreshment 23/05/14 Training Room Lt 4 Agent & TL 12 2
Corro
6 10x Membership Rewards 12/06/14 Training Room Lt.4 Agent & TL 22 1
7 Refresh Membership Rewards 12/06/14 Training Room Lt.4 Agent 17 1
8 kode etik tele 01/07/14 Training Room Lt.3 Agent 11 1
9 Product Gadget 10/07/14 Training Room Lt.4 Agent & TL 29 1
10 Penilaian Agent Active 01/09/14 Training Room Lt.4 Agent & TL 16 1

Jumlah
No Training Hard Skill Card Date Lokasi Participan Hours
Participant
11 Refresh Product Credit Protection 24/09/14 Training Room Lt.4 Agent & TL 22 2
Manulife
12 Tactical Programme 29/09/14 Training Room Lt.4 Agent & TL 28 1
13 Conversion mastercard Corp 01/10/14 Training Room Lt.4 Agent & TL 17 2
Card
14 staff card (type & limit) 03/10/14 Training Room Lt.4 Agent & TL 16 1
15 staff card (type & limit) 06/10/14 Training Room Lt.4 Agent & TL 17 1
16 Conversion mastercard Corp 06/10/14 Training Room Lt.4 Agent 10 2
Card
17 staff card 06/10/14 Training Room Lt.4 Agent & TL 17 2
18 Fraud Awarness 08/10/14 Training Room Lt.2 All Unit 45 3
19 Akusisi Kartu baru 09/10/14 Training Room Lt.4 Agent & TL 26 2
20 Amex Card (GRCC, RCP, CORP) 14/10/14 Training Room Lt.4 Agent & TL 5 2
21 Conversion mastercard Corp 16/10/14 Training Room Lt.4 Agent 11 2
Card
22 kode etik tele 17/10/14 Training Room Lt.4 Agent 27 1
23 Amex Card (GRCC, RCP, CORP) 21/10/14 Training Room Lt.4 Agent 2 2
24 S2s manulife 29/10/14 Training Room Lt.4 Agent 13 1
25 Amex Card (GRCC, RCP, CORP) 30/10/14 Training Room Lt.4 Agent 2 1
26 Bunga Special Case Adv 31/10/14 Training Room Lt.4 Agent & TL 30 2
27 S2s manulife 05/11/14 Training Room Lt.4 Agent 15 1
28 10x Point rewards 19/11/14 Training Room Lt.4 Agent & TL 25 1
29 world Elite 11/11/14 Training Room Lt.4 Agent & TL 17 1
30 Cashback 5% on Dining & 24/12/14 Training Room Lt.4 Agent 15 1
Groceries
REKAP TRAINING 2014

Jumlah
No Training Hard Skill Tgl Lokasi Participant hours
Participant
1 Sosialisasi D Cash 21/01/14 R. Training Lt 4 Agent + 14 2
TL+CCU+Corro
2 Sosialisasi D Cash 22/01/14 R. Training Lt 4 Agent + 5 2
TL+CCU+Corro
3 Promo Dana Instant ATM 05/02/14 R.Training Lt 4 Agent 4 1
4 Promo Dana Instant ATM 06/02/14 R.Training Lt 4 Agent 3 1
5 SUKUK 006 07/02/14 R. Training Lt 4 Agent + 14 2
TL+CCU+Corro
6 Dana Instant Process 13/02/14 R. Training Lt 4 Agent 3 2
8 Danamon Lebih Top Up 2014 28/02/14 R. Training Lt 4 Agent + 15 1
TL+CCU+Corro
9 Danamon Lebih Top Up 2014 04/03/14 R. Training Lt 4 Agent 4 1
10 Layanan Corporate (DSC) 06/03/14 R. Training Lt 4 Agent 2 2
11 Layanan Corporate (DSC) 07/03/14 R. Training Lt 4 Agent 2 2

Jumlah
Participant
12 Sosialisasi Direct Gift 25/03/14 R. Training Lt 2 Agent + 10 1
penawaran telemarketing KK TL+CCU+Corro
13 PPRO 03/04/14 R. Training Lt 4 Agent + 19 2
TL+CCU+Corro
14 Danamon Lebih ADIRA - Pilot 07/04/14 R. Training Lt 4 Agent + 10 1
Project TL+CCU+Corro
15 Promo MU 101 14/04/14 R. Training Lt 4 Agent + 14 2
TL+CCU+Corro
16 Promo MU 101 15/04/14 R. Training Lt 4 Agent 4 1
17 Keluhan Atm Finansial 22/04/14 R. Training Lt 4 Agent 3 2
18 Keluhan Atm Finansial 22/04/14 R. Training Lt 4 Agent 4 2
19 SBR 001 30/04/14 R. Training Lt 4 Agent + 16 2
TL+CCU+Corro
20 SBR 001 02/05/14 R. Training Lt 4 Agent 5 1
23 Bundled DI & Danamon Lebih 11/06/14 R. Training Lt 4 Agent + 21 1
TL+CCU+Corro
24 NTB Engagement E channel 20/06/14 R. Training Lt 4 Agent + 15 1
TL+CCU+Corro
26 Tabungan BISA IB & Tab 02/07/14 R. Training Lt 4 Agent + 15 1
Syariah Qurban TL+CCU+Corro
27 Tabungan BISA IB & Tab 02/07/14 R. Training Lt 4 Agent + 10 1
Syariah Qurban TL+CCU+Corro
28 D Cash 04/07/14 R. Training Lt 4 Agent 4 1
29 NTB Tactical Program 07/07/14 R. Training Lt 4 Agent + 15 1
TL+CCU+Corro
30 Primagiro Berkado 4 14/08/14 R. Training Lt 4 Agent + 16 2
TL+CCU+Corro
31 Anti Attrition Dana Instant 18/08/14 R. Training lt 2 Agent + TL 10 2
(Cross Sell)
32 Anti Attrition Dana Instant 19/08/14 R. Training Lt 2 Agent + TL 20 2
(Cross Sell)
33 Refresh Primajaga Manulife 20/08/14 R. Training Lt 2 Agent + 14 1
TL+CCU+Corro
34 Refresh Primajaga Manulife 20/08/14 R. training Lt 2 Agent + 11 1
TL+CCU+Corro
35 Layanan Corporate (DSC) 22/08/14 R. Coaching Agent 3 2
Lt 4
36 Peraturan OJK-Promo 29/08/14 R. Training Lt 2 Agent + 21 2
TL+CCU+Corro
37 Sosialisasi Rejuvenation DOB 28/08/14 R. Training Lt 2 Agent + 25 1
TL+CCU+Corro
38 Danamon Lebih Top Up 4 03/09/14 R. Training Lt 2 Agent + 13 1
TL+CCU+Corro
39 Danamon Lebih Top Up 4 03/09/14 R. Training Lt 2 Agent + Tele 12 1
40 Sharing Session Fraud 17/09/14 R. Training Lt 2 Agent + 11 2
OtherUnit

Jumlah
Participant
41 Tactical Program-NTB 03/10/14 R. Training Lt 4 Agent + 9 1
TL+CCU+Corro
42 Tactical Program-NTB 03/10/14 R. Training Lt 4 Agent 7 1
43 Training Fraud 08/10/14 R. Training Lt 2 All 45 1
44 Danamon Lebih ADIRA 13/10/14 R. Training Lt 2 Agent + 11 2
TL+CCU+Corro
45 Reward Point Lebih 15/10/14 R. Training Lt 4 Agent + 14 1
TL+CCU+Corro
46 Reward Point Lebih 15/10/14 R. Training Lt 4 Agent 6 1
47 Reward Point Leih 16/10/14 R. Coaching Agent 3 1
Lt 4
48 Layanan Mortgage 17/10/14 R. Training Lt 4 Agent 3 3
50 Layanan Mortgage 21/10/14 R. Coaching Agent 3 3
Lt 4
52 D- Mobile 05/11/14 R. Training Lt 2 Agent + 18 2
TL+CCU+Corro
53 D - Mobile 07/11/14 R. Training Lt 2 Agent 3 2
55 D- Mobile 11/11/14 R. Training Lt 2 Agent 10 2
57 D - Mobile 13/11/14 R. Training Lt 2 agent 4 2
58 Pengenaan biaya setor tunai 03/12/14 R. Training Lt 2 Agent + 12 1
TL+CCU+Corro
59 Pengenaan biaya setor tunai 03/12/14 R. Training Lt 2 Agent + 8 1
TL+CCU+Corro
60 Pengenaan biaya setor tunai 04/12/14 R.Coaching Lt 4 Agent 3 1
61 Dmobile 11/12/14 R. Coaching Agent 3 2
Lt 4

Tetap Tersenyum
Ratih Diah Kartika - Operation Kedaton, Lampung
Pemenang Pertama - Lomba Foto Pasar Tradisional

Corporate
Data

Products and Services
DANAMON SIMPAN PINJAM TabunganKU

Low cost cheap savings, without monthly
Dana Pinter 50 (DP50) administration fee with low opening deposit and
Financing facility (with collateral) for small and micro easily accessible by the public.
scale entrepreneur (SME), merchant and individual,
with a quick credit approval following the receipt Capital Solution (SM)
of complete documents. The maximum financing
Loan facility without collateral for small and micro
provided shall be IDR 100 million.
entrepreneur (SME), merchant and individual with
quick approval process for business expansion.
Dana Pinter 200 (DP200) The maximum financing provided shall be IDR 50
Loan facility (with collateral) for small and micro million.
scale entrepreneur (SME), merchant and individual,
with a quick credit approval following the receipt Special Capital Solution
of complete documents. The maximum financing
Loan facility without collateral for small and micro
provided shall be IDR 500 million.
entrepreneur (SME), merchant and individual with
quick approval process for business expansion with
Current Account Loan (PRK) a condition of having a minimum loan history of 12
Loan for working capital needs for small and micro months. The maximum financing provided shall be
scale entrepreneur (SME), merchant and individual IDR 50 million.
with a term of 1 year and may be extended. The
amount of loan provided shall be between IDR 25 DP500
million-IDR 500 million.
The loan facility (the collateral) for small and micro
businesses (SMEs), merchants and individuals, with
Termed Dana Pinter (DP Berjangka)
a faster loan approval process once the complete
Financing facility (with collateral) for small and micro document is received. Maximum financing provided
scale entrepreneur (SME), merchant and individual Rp1.5 billion.
for working capital needs with a maximum period of
of 24 months. This product provides convenience
in payment of loan installments where the principal HOUSE PURCHASING LOAN
loan amount may be paid at the end of the period,
and only the interest shall be paid monthly. House Purchasing Loan
A loan provided for the purchasing of houses,
Si Pinter Savings apartments, shophouses, office houses, business
Savings product with a light initial deposit. houses, dormitories, soho, condotel, shops, villas,
Customers with certain criteria will receive privileges land, either ready or by down payment (inden).
such as insurance coverage with no premium, ATM
and transfers facility, free electricity and telephone House Development and Renovation Loan
bill payments facility and Deposit Pick up Services. (KPPR)
A Loan provided to build or renovate houses,
DSP Deposits shophouses, office houses, apartments.
Term savings product for customers of DSP, with
light initial deposit and can only be withdrawn by a Multipurpose Loan
certain time period. A Loan provided for cash fund, with house,
shophouse, office house, apartment owned by the
debtor as collateral.

KSB (Ready to Build Lots) ERP (Enterprise Resource Planning) Direct

A loan provided for the purchase of lots, land with Payment
Top Tier category in the developers location. A service that can be used by the cash@work
customers to upload financial (for example:
CASH MANAGEMENT transfers, auto credit, payroll), non-financial,
and other transaction data, directly through the
customers ERP system.
cash@work
An internet banking service to provide ease in
Financial Supply Chain
business financial management, where customers
may carry out various banking transaction directly, Intermediary service for collection process and
quickly and efficiently from wherever the customers financing between Buyer and Seller to achieve
may be through internet equipped with encrypted timely and efficient payment and to reduce manual
security system. processes in collection/payment.
DANAMON SYARIAH
Cash Pick Up & Delivery Services
A service provided to the customers for
withdrawing or sending cash money and/or script. Danamon Syariah iB Savings
With protection assurance (insured), credited to A savings product with the syariah principles with
the customers account on the same day or the choices of Mudharabah agreement (profit sharing)
following day and using the choice of calculation or Wadiah (deposit) which can carry out transactions
method which can be adjusted with the needs of anytime.
the customers.
BISA iB Savings
Virtual Account A savings product with syariah principles of
A cash management solution provided by Bank Mudharabah agreement (profit sharing) for your
Danamon to provide ease in identifying the sender solution in transaction, such as free balance check,
of the fund and reconciliation process. cash withdrawal and inter-bank account transfers
at ATM Bersama, ALTO, ATM Danamon and tiered
profit sharing.
e-Tax
A real time on-line tax payment service through
BISA QURBAN iB Savings
cash@work and the payment receipt can be printed
directly through cash@work. A savings plan product with syariah principles of
Mudharabah agreement (profit sharing) to assist
you in preparing for the Qurban worship funding.
Liquidity Management
You can determine your own savings installment
Liquidity Management service for customers and savings tenor.
operational account to optimize both control
function and the giro services obtained. The Danamon Syariah iB Hajj Savings
Liquidity Management product are as follows: Cash
A savings product with the syariah principles with
Pooling, Cash Distribution dan Range Balance.
choices of Mudharabah agreement (profit sharing)
or Wadiah (deposit) prepared for the purpose of
Notional Pooling performing Hajj plans which is adjusted with the
Creating link with the bank account in the same capabilities and desired time period.
currency for the purpose of calculating interest and
management of liquidity. Danamon Syariah iB Giro
A Current Accounts product with syariah principles
of Wadiah agreement (deposit) or Mudharabah
(profit sharing) either for, individuals or corporations,
where transactions can be executed at any time by
using cheque to support your business activities.

Bisa iB Giro Danamon Syariah iB Heavy Machinery Financing

A Current Accounts product with syariah principles A Financing solution provided for business doers
of Mudharabah (profit sharing) which offers you owning businesses related to investment in heavy
free benefit for transaction such as free monthly machinery, commercial trucks vehicle, general
admin fee, free LLG transfer, free RTGS transfer, asset finance and tug boat & barge with a Murabaha
free scripless deposit, free scripless purchase and (sales and purchase) scheme.
a higher profit sharing.
Danamon Syariah iB Trade Finance Financing
Danamon Syariah iB Cash Management A comprehensive trade financing solution in
A service solution to manage your company cash accordance with the syariah principles to fulfill
flow and its liquidity to be effective and efficient in working capital needs and commercial and
order to produce optimum profit. corporate business segment investments.
Danamon Syariah iB Deposits Danamon Syariah iB Commercial Financing

An investment product with syariah principles of A working capital and investment financing product
Mudharabah agreement (profit sharing) with options with a Mudharabah (profit sharing) scheme,
of monthly tenor from 1, 3, 6 or 12 months. Murabahah (sales and purchase) and trade finance
for commercial customers.
Danamon Syariah iB House Ownership Financing

Syariah Current Account Financing (PRKS)
A house ownership with fixed installments financing
A financing for the needs of working capital for small
solution for a tenor of 10 years with a Murabaha
and micro entrepreneur (SME) and commercial, with
scheme (sales and purchase).
a term of 1 year and can be extended.
Danamon Syariah iB Employee Cooperatives

Solusi Emas Syariah
Financing
A Financing with gold as collateral (rahn) with syariah
Financing with a Mudharabah (profit sharing)
principles. This is suitable for customers who need
scheme for Employee Cooperatives which will be
quick cash for various needs such as addition to
distributed to members of Employee Cooperatives
working capital, educational fund or other needs.
for their needs with members receivables as its
guarantee.
TREASURY
Danamon Syariah iB BPRS Financing
Plain Vanilla FX Tod/Tom/Spot
A working capital financing with a Mudharabah
(profit sharing) scheme to BPRS (Syariah Rural Foreign exchange transaction with same day (Tod),
Bank) which will then be distributed to the following business day (Tom) or two business days
customers of BPRS for their needs of working (Spot) settlement after transaction date.
capital, investments and other purposes.
FX Forward
Danamon Syariah iB SME Financing Foreign exchange transaction with more than two
A working capital and investments financing business days settlement after transaction date.
product with a Mudharabah (profit sharing) scheme,
Murabahah (sales and purchase) and trade finance FX Swap
for Small and Medium Enterprise (SME). A foreign exchange transaction where a party agrees
to sell (or purchase) a currency in exchange for
Danamon Syariah iB Commercial Financing another currency and simultaneously purchase (or
A working capital and investment financing product sell) back on a different dates with a predetermined
with a Mudharabah (profit sharing) scheme, price.
Murabahah (sales and purchase) and trade finance
for commercial customers.

Interest Rate Swap Incoming Collection Avalization

An agreement between two parties where a party Facility provided to the customers In a combined
pays floating Interest rate and the other party pays form between Incoming Collection Service and
fixed Interest rate on a predetermined time and avalization by Danamon for acceptance by the
condition. Customers use Interest Rate Swap as a drawee.
hedging instrument from interest rate risks.
Shipping Guarantee
Cross Currency Swap Shipping Guarantee provides facility to importer (for
An agreement between two parties where a party L/C opened up by Danamon) to obtain proxy over
pays fixed or floating interest rate on a certain goods from shipping company in the event that the
currency while the other party pays a fixed or Bill of Lading has not been received by bank while
floating interest rate on another currency, based on the goods have been delivered to the destination
a predetermined time and conditions. Customers port.
use Cross Currency Swap as a hedging instrument
from interest rate and foreign currency risks. Clean L/C Negotiation
A facility for the customers (beneficiary) in the
Government Bonds (SBN) - Conventional and form of a take over (negotiation) of documents
Syariah in accordance with the terms and conditions
Conventional and Syariah bonds (IDR and USD) determined under the L/C / Domestic Letter of
are issued by the Government of Indonesia, (i.e. Credit (SKBDN) (clean documents/complied with).
ORI and SUKUK Retail). Bank Danamon is one of
the Primary Dealer appointed by the Ministry of Discrepant L/C Negotiation
Finance Republic of Indonesia. Customers are also
A facility for the customers (beneficiary) in the
able to trade bonds in secondary market with Bank
form of a take over (negotiation) of documents
Danamon.
which are not in accordance with the terms and
conditions determined under the L/C / SKBDN
Wholesale Deposit
(clean documents/complied with).
Deposits by corporate customers and financial
institutions for various currencies with an attractive
Outgoing Collection Services
interest rate as well as tenor flexibility.
A service provided by Danamon for handling of
TRADE FINANCE documents from documentary collection where
Danamon serves as the Remitting Bank.
Letter of Credit
Transferable L/C
Based on a Letter of Credit (L/C), bank will provide
a payment guarantee to the seller (importer) while Used to facilitate traders who are acting as
at the same time providing guarantee to the buyer intermediary (first beneficiary of L/C) to gain
(importer) that the payment will only be made after benefit through the exchange of invoices as basis
the delivery of the goods as determined in the L/C of transferable L/C. The Transferable L/C may be
and the documents in accordance with the terms transferred from the first beneficiary to one or more
and conditions in the L/C are presented. second beneficiary.
Incoming Collection Services

A service provided by Danamon to handle
documents from documentary collection which are
delivered by Remitting Bank to Danamon which
serves as the Collecting Bank or Presenting Bank.

Trade Finance Risk Participation Pre-shipment Financing under L/C/PO

This product is transaction where a transfer of Short term financing provided for exporters for
counter party risk arising from underlying trande their needs of working capital (purchase of raw
finance in part or whole takes place in the form materials, production activity and others) before
of incoming or outgoing risk; funded or unfunded; shipment related to the exporting schedule and can
silent or disclosed; with or without recourse; made be provided either based on L/C or Purchase Order.
through the signing of an offer letter between the
seller bank and the buyer bank, which is preceded Outgoing Collection Financing
by the signing of a Framework Agreement.
A financing by Danamon provided upon receivables
owned by the seller (customers) invoiced through
Trade Commodity Financing (TCF) Danamon based on Outgoing Collection Services
TCF is a combination between the Trade Financing transaction.
scheme and the Commodity Financing scheme
(hybrid scheme). TCF is designed as a special Trade Supplier Financing
financing scheme where the structure is adjusted
A financing provided to the seller based on Invoice
with the nature of business of the client and its
nad draft agreed by the buyer using the buyers
commidity. TCF is a financing where the payments
facility limit (Buyers Credit).
are obtained from funds originating from the
buyer when the funded goods has been delivered
(self-liquidating). The funded goods/document of Open Account Financing
ownership/receivables is used as collateral for the A financing provided to buyer/importer or seller/
bank under the Fiduciary Transfer of Ownership exporter for underlying Open Account transaction
(FTO). either domestic or international.
Import L/C Financing Bank-on-Bank Bankers Acceptances Financing

There are two types of Import L/C Financing (ILF) (BoBBAF)
owned by Danamon: (1) Import L/C Financing Sight A trade product which enables Danamon to obtain
and (2) Import L/C Financing Usance. short term funds from other financial institutions
based on acceptance from the Opening Bank for
Import L/C Financing Sight underlying trade finance transaction which may
be an export or import transaction which has not
A facility provided to the customers which is a
been funded and has a remaining period of 30 to
combination between L/C Import Sight provided
180 days.
altogether with the financing. Automatic financing is
provided upon due date of the L/C Sight payment.
Bank Guarantee/SBLC
Import L/C Financing Usance A written guarantee provided by Danamon for the
A facility provided to the customers which is a interest of the customers to the Principal based on
combination between L/C Import Usance and the certain agreement. Payments are made for claims
payable at sight clause provided altogether with issued by the Principal due to the guaranteed
the financing. Automatic financing is provided by partys (the customers) failure to fulfill its obligations
means of at sight by the Financing Bank. (default).
Financing Against TR
Short term financing for importer customers for
their needs of working capital and settlement of
obligations to the supplier which are due based on
L/C or Collection. Financing will be provided upon
delivery of Trust Receipt and Promissory Note as a
legal documentation.

RETAIL BANKING SuperCombo

Savings with two benefits: higher interst rate and
Danamon Western Union flexibility in transaction. The customers fund
A service for sending and receiving money through automatically transfered from the transaction
Western Union that having a worldwide network. account to the savings account which provides
Quick, Easy and Secure, within the count of higher interest rate.
minutes. The service can be provided on every
branch of Danamon (Retail Banking, Syariah and TABUNGAN CITA2KU
DSP) having a Western Union logo. Time Saving Account with high interest. Fund
placement start from IDR 200 thousand per month,
Danamon Lebih tenor 1- 15 years.
Saving account that provides 5 advantages, saving
ATM Services
up to IDR 1 million/year:
Free administration fee 24 hours online electronic banking services with
Cashback 5% facilities such as cash withdrawal, balance inquiry,
The cheaper cost transfer fee through Danamon overbooking, interbank transfers, purchases and
Online Banking and free cash withdrawal at ATM payments. Customers can access more than 1,400
Bersama network and ALTO Danamon ATM spread throughout Indonesia.
Free life insurance
Various free gifts CDM Service
24 hours online electronic banking services to do
Primadolar cash deposit (either to personal account or other
Foreign currencies saving account with 7 options Danamon accounts) adn balance inquiry. This
of currencies. Free monthly administration fee service is available on 70 CDM (Cash Deposit
(Primadolar USD), daily interest rate of 0.25% p.a. Machine) spread throughout Indonesia.
for balances starting from >0, withdrawal of bank
notes up to USD 5,000 per day and unlimited bank DAC Service
notes deposits. As part of Danamons commitment to promote its
services to the customers, Danamon Access Center
Time Deposits (DAC) serves the needs of its customers, among
Fund placement product with interesting interest others, to obtain informations and transactions, and
rate, various tenor and currencies. also the means for customers to place complaints
related to banking products adn credit cards. DAC
can be accessed 24 hours a day.
FlexiMAX
Premium savings which provides 9 advantages
ELECTRONIC BANKING CHANNEL
amounting to more than 10 million per year:
Free administration fee
Danamon Online Banking
Free RTGS/SKN and Clearing transaction fee
High interest rate An internet banking service for banking transactions
Free cash withdrawal at any ATMs in the world such as information on balance, domestic or
No queuing at branch offices international fund transfer (IDR/foreign currency),
Free Airport Lounge payments, purchases and online current account.
Free account transaction mutation delivery trough This service is equipped with Token SMS or devices,
facsimile. with SMS and email notifications.
Fantastic gifts
Business card (for selected customers) SMS Banking Services
The quickest and secure online banking service
through SMS. With favorite menu, customers are
able to carry out routine transaction faster (transfers,
purchases or payments). This facility is equipped
with a layered security system like mPOD, Access
Code, PIN and notification SMS.

Danamon Mobile Banking (D-Mobile) Termed Installment Loan - Asset Based

An application that enable the user to make financial Financing (KAB-ABF)
transaction such as fund transfer, payment and A cash loan facility for financing purchases of
purchase from Smartphone. The innovative feature various asset categories with a various loan
SosMed D-Cash will allow you to giving fund to approaches. Repayment of the loan is made with a
Facebooks friends. Feature Augmented Reality scheduled installment.
offer new experience to obtain any Danamons KAB-ABF HE (Heavy Equipment)
merchant promo information, branch & ATM A cash loan facility for investment needs with
location within 5 km radius. Download application heavy machinery as collateral.
at App Store, Play Store dan Blackberry World. K AB-ABF CTV (Commercial Transportation
Vehicle)
UNSECURED LOAN A cash loan facility for investment needs with
commercial trucks as collateral.
Instant Funding KAB-ABF GAF (General Asset Finance)
Instant Funding is a cash loan without any security A cash loan facility for investment needs. This
to fulfill the needs of the customers with a maximum loan product is divided into 3 categories based
period of 5 years and with a plafond of IDR 300 on its collateral: printing & packaging machine,
million. material transport equipment and tool machine.
KAB-ABF TBB (Tugboat and Barge)
A cash loan facility for investment needs, with
SME & WHOLESALE BANKING
ship or barge as collateral. Repayment of the
loan is made with a scheduled installment.
Current Account Loan (KRK)
A cash loan facility for working capital needs. This BPR Loan
facility is a short term loan with an automatic period
A working capital loan provided to the Rural Bank
extension and the use of cheque for the drawdown
(BPR) for funding of micro, small and medium
of the loan. This product offers flexibility in the
enterprises for various needs. This loan facility may
drawdown and its repayment.
be in the form of Short Term Loan (KRK/KB) or Long
Term Loan (KAB) with a maximum tenor of 3 years.
Termed Loan (KB)
A cash loan facility for seasonal working capital Employee Cooperatives Loan
needs. This facility is a short term loan with an
A working capital loan provided to the Employee
automatic period extension and the use of a
Cooperatives to be channeled to its members for
promissory note for the drawdown of the loan. The
multi purposes. Facility is in the form of Termed
drawdown and the repayment of the loan will be
Installment Loan with a maximum tenor of 4 years.
adjusted with the customers needs as requested in
the promissory note.
Dana Oto
Termed Installment Loan (KAB) A direct approval for working capital financing
without collateral to dealers in partnership with
A cash loan facility for investment needs. The
Adira Finance.
type of investment varies from land and buildings,
industrial equipments and machinery etc. the term
of the loan varies from short term (<1year), or long Giro Bisa
term >1 year, maximum of 10 year), depending on A preferred Giro account which provides many
the project type or investment period. Repayment of advantages than the regular Giro account.
the loan is based on the schedule of the installment.
Buyer Financing Program

A financing facility for distributors/buyers, where
Danamon cooperates with the principals/anchors
of the distributors/buyers, making the transactions
easier in increasing both parties business volume.

BANCASSURANCE Proteksi Prima Dinamis

Accident insurance benefit which provides
Primajaga protection to the customers suffering an accident.
A termed insurance product with coverage for The benefits may be used for the customers
death and disability risk with monthly benefit as treatment for their disability caused by the accident.
replacement for the familiys income. Return of 50%
premium if a claim does not occur during coverage Proteksi Prima Sehat
period. Health insurance product with a benefit of cash
payment adjustable with the customers needs with
Primajaga 100 a premium return feature at the end of the 5th year.
A termed insurance product with coverage for
death and disability risk with monthly benefit as Asuransi Demam Berdarah
replacement for the familiys income. Return of Health insurance product which specifically
100% premium if a claim does not occur during protects customers suffering a dengue fever with
coverage period. a daily treatment benefit or IDR 500,000 per day up
to 10 days, with low premium payment of only IDR
Education Savings Danamon+ 50,000 per year.
An education savings product with an insurance
benefit up to 200 times monthly savings for the Proteksi Prima Emas
future education of children. Life insurance product designed as a finance
planning program for retirement and old age which
Proteksi Prima Maxima also provides life protection for accidents and
An insurance product with investment benefit with choices for other additional insurance. This product
single premium payment which offers optimum provides 5 age choices (40, 45, 50, 55 and 60) with
investment result. Free of initial fees. Choices of 4 methods for premium payment: 5, 10, 15 or 20
various investment instruments adjusted with the years.
customers risk profile. Coverage for death risk is
150% of the premium and critical illness. PENSION FUNDS OF FINANCIAL ISTITUTIONS
(DPLK) OF MANULIFE INDONESIA
Proteksi Prima Rencana Flexi A definite pension funds program designed to
An insurance product with investment benefit prepare financial guarantee for the employee/
which offers flexibility in coverage adjustable with participant when they have reached pension age.
the capability and needs of the customers either for
education, pension funds, health and other needs DPLK or Pension Funds Program may be
with a periodic payment. participated by employees, either through company
or individually. Through pension program in DPLK,
the employees dreams of a prosperous retirement

Proteksi Prima Rencana Optima
age will become easier. This program may also help
Proteksi Prima Rencana Optima is a combination compaies/entrepreneurs in achieving success in
of Endowment and Unit Linked. Proteksi Prima their businesses because this program strenghtens
Rencana Optima gives a number of insurance the loyalty and productivity of the employees at
benefits such as Death Benefit, Total Permanent work.
Disability Benefit, Loyalty Bonus and Maturity

Benefit, with coverage period up to the Insureds
Group Life and Health
age 70 years.
Company Asset Protection Program, a protection
program which offers a sense of security for

Proteksi Prima Medika
employees in the event that something unexpected
Proteksi Prima Medika is a standalone Hospital occurs.
Benefit product with Return of Premium at the end
of contract (5th year).

MANULIFE PROGRAM PESANGON PLUS Crime Guard Plus

A Pooled Fund program which is an accumulation Inovation of insurance product that gives you
of unit link insurance with an investment orientation. compensation for personal accident, mugging, and
This program is designed to help companies, in the robbery.
form of pooled fund under the name of the company,
with a purpose to pay severance payment benefits Travellin
of its employee in the event of a work termination, Asuransi Travellin has targeted to customers who
passing away, retirement and resignation. Holder of often travelling for business or holiday purposed,
the insurance policy is the company. they need insurance protection with domestic and
international coverage for risk of accident, medical
Manulife Karyawan Sejahtera Plus expenses, travel cancelation, loss of baggage or
An allocation of funds which is an accumulation of personal belonging.
unit link insurance with an investment orientation.
This program is designed to help companies, Credit Protection
by providing an account under the name of the Credit Protection has targeted to individual
employee, with a purpose to pay severance customers who need insurance protection which
payment benefits of the employee in the event of designed to pay the credit card balance due to
a work termination, passing away, retirement and Death, Total Temporary Disability (TTD), Total
resignation. This program is for the interest of the Permanent Disability (TPD) or Critical Illness of the
employee but the holder of the insurance policy is card holders.
the company.
INVESTMENTS & RETAIL TREASURY SERVICES
Proteksi Prima Sejahtera
A termed insurance product attached to credit Investment Gallery
cards. Serves to pay credit card bills if the holder
Unified services with various investment product
of the credit card passes away, suffers temporary
choices, Open Mutual Fund, Protected Mutual Fund
total disability, permanent total disability or critical
and Obligation & Sukuk Retail of the Government
illness.
of the Republic of Indonesia with experienced
Investment Managers business partners which
Asuransi Tipus
have the best performances record in the industry
A health insurance product which specifically (Schroder Investment Management Indonesia, BNP
protects customers suffering Typhoid with daily Paribas-IP, Manulife Aset Manajemen Indonesia,
treatment benefit of IDR 500,000 up to 10 days and Danareksa Investment Management, Batavia
protection from burglary during hospital treatment. Prosperindo Aset Manajemen dan Bahana TCW
With affordable premium of only IDR 50,000 per Investment Management).
year, customers will receive optimum protection.
Retail Treasury Services
Asuransi Proteku
Foreign currency trade services in various currencies
An insurance product which provides comprehensive
aimed for the fulfilling the financial needs of the
protection for the customers and his/her spouse in
retail customers, supported by a wide distribution
the event of a personal accident, compensation
network and a prime service quality.
for fire and house burglary, also compensation for
vehicle theft.
Asuransi Dental
Innovation of insurance product which provides
thorough protection for your dental health. With
affordable premium, you will have various benefits
for your dental treatment.

DANAMON PRIVILEGE Danamon Manchester United Credit Card

Special services for individual customers with either An official credit card from the most favorite football
singular or joint account with average balance club Manchester United presented for its fans in
of total Asset Under Management (AUM) of IDR Indonesia. This card provides exclusive benefit for
500 million or its equivalent consisting of average its holder a chance to watch Manchester Uniteds
balance of current account, savings/CASA and live match in Old Trafford (Red Match), a chance to
deposits, Investment Products including Mutual get an authentic Manchester United merchandise,
Fund and Bancassurance which have investment shopping voucher through accumulation of points
values. (Red Rewards) and various interesting offers in
selected outlets (Red Hot Deals).
For join account with and/or, the one entitled to
enjoy the facility will be the first name stated in the Danamon World Credit Card
accounts name (primary account holder).
One of the most premium card in the MasterCard
network for You with an exclusive lifestyle and and
The benefits provided to Privilege customers are as often go on travelling. This cards features provide
follows: ease in transactions for its holder, such as faster
Bank Notes withdrawing up to USD 10,000/ points accumulation for rewards program (every
day/account without any commission fee IDR 1,000 transaction gets a 1.5 points), special
Rental of Safe Deposit Box (SDB) with a special offer at hotels and restaurants, points transfer to
rate milage program, and a specialty of foreign currency
Invitation to attend a variety of exclusive events trade with a more competitive rate.
and seminars with renowned economists,
financial and health experts.
Danamon American Express Corporate Card
VIP services at Executive Airport Lounge in
various places in Indonesia for Danamon A card that offers efficiency and savings solution
Privilege Debit card holders for medium scaled and multinational enterprises in
Free queuing service at all Danamon branches managing their daily business expenses.
for Danamon Privilege Debt card holders
Free yearly fee for Danamon Privilege customers Danamon American Express Gold Credit Card
holder of American Express Gold Charge Card/ For You who wishes to enjoy the flexibility of
Credit Card orDanamon Platinum and WorldCard. payments and financial savings, this card provides
Choices of favorable account number for Current world-class Membership Rewards program,
Account and Savings Account (CASA) access to airport lounges at airports in Indonesia,
Business Center facility in several Danamon including intallments for purchases of the most
Privilege Center updated electronics and gadgets and ease of
24 hours phone banking service through payment of monthly bills.
Danamon Privilege Access Center
Danamon American Express Gold Charge Card
CREDIT CARD
A prestigious card membership and a symbol of
a prosperous life. Holder of this card can enjoy
Danamon Card benefits in shopping with purchase limit which
A special credit card which provides comfort in are not set in advance, a world-class Membership
shopping and fulfilling your modern lifestyle. This Rewards program, access to airport lounges
card also offers various interesting and unique at airports in Indonesia. This card also presents
programs in thousands of outlets and departments a series of special offers to dine, stay and shop
stores in cooperation with Danamon. in various parts of the world through American
Express Selects program.

The Platinum Card Accident Insurance

A type of Charge Card from American Express Provides protection for You from risks of accident
which is made exclusively for selected individuals. in the form of death and permanent disability
The Platinum Card presents a variety of special compensation.
services and a world-class privileges, such as the
best Membership Rewards, Concierge Service, Heavy Machinery Insurance
comfort in traveling with Saphire access and access
Provides comprehensive protection for damages in
to airport lounges worldwide with a Priority Pass,
operation or a total loss for heavy machinery such
stay in star hotels, exclusive access to famous golf
as tractors, bulldozers, excavator crane and other
courses including access to prestigious world-class
heavy machinery.
events. This card offers the best solutions so that its
Cardholders may enjoy their precious lives.
Ship Frame Insurance
Provides comprehensive and a total loss protection
ADIRA FINANCE
as needed against losses or damages to the frames
and machines.
Motor Vehicle Financing
Motor vehicle financing either for motorcycles or
Engineering Insurance
cars for a variety of brands, new or used vehicles.
Provides comprehensive protection towards
risks related with construction works, machine
ADIRA INSURANCE installations, factory installations and its
equipments, including during work in progress,
Class of Business testing, and monitoring period before handover
of the project. In addition, protection may also be
Cars and Motorcycles Insurance provided for risks of machinery breakdown on its
Provides a compensation guarantee or reparation equipments in industrial operations.
expenses if You suffer losses or damages caused
by collision, one sided vehicle accident, fire or Transportation Insurance
theft. This protection may be extended to liabilities Protects goods during shipment, either by land,
towards third parties, personal accident, medication sea, or air from losses caused by accidents.
expenses caused by accidents, riots, terrorism and
asabotage, flood and earthquake. Retail and Business Alliances
Property Insurance Autocillin

Protects buildings, machinery, furnitures and A four-wheeled vehicle insurance carrying a
contents of buildings and or goods and inventories Think Simple theme with protection caused by
from risks caused by fire, lightning, explosion, collision, one sided vehicle accident, fire, or theft.
plane crash and damages caused by smoke. This The protection may also be extended to liabilities
protection may be extended to risks of riots, strikes, towards third parties, personal accident, medication
earthquake, volcanic eruption, storm, flood and expenses caused by accidents, riots, terrorism and
other damages caused by water. asabotage, flood and earthquake.
Health Insurance Motopro

Provides health services guarantee of inpatient as A two-wheeled vehicle insurance with a Total
the basic benefit; also outpatient, labor, dental care, Loss Only protection and may be extended with a
eyeglasses treatment and medical check up as personal accident insurance.
additional benefit.

Dengue Fever Insurance Services

Provides protection guarantee of medication and
inpatient expenses with a light premium when You Company Website
or your familiy suffers a dengue fever. Adira Insurances information center which is 24
hours accessible online through www.asuransi.
Home Insurance adira.co.id.
A special insurance for homes which provide
comprehensive protection for losses caused by Travellin Product Website
fire, riots, burglary, liability towards third parties and An center for information and travel products
personal accidents. purchasing from Adira Finance which is accessible
through www.travellin.co.id through the website,
Medicillin customers can print out policies online from
A joint health insurance product from Adira anywhere.
Insurance. Provides health services such as
inpatient as well as outpatient as the most basic Adira Care
basic benefit, labor, dental care, eyeglasses care A 24 hours service center for customers which
and medical check up as additional benefits. provides services through phone at 500456, SMS
Medicillin also has more than 375 hospital/clinic 08121113456 and email address at adiracare@
providers throughout Indonesia with a 24 hours Call asuransi.adira.co.id.
Centre service from Admedika Help Line at 500811.
Home/Office Claim spot
Travellin
This alternative is provided for customers who do
Adiras Travel Insurance is an insurance product not have much spare time and wish to make claims
designed to minimize losses which can happen from home or office.
during Your trip both domestic or international.
In this product, Adira Insurance is supported by Autocillin Rescue
Mapfre Asistenscia system which provides an
A 24 hours emergency cafility for customers under
international assistance service.
a vehicle breakdown or accident, with facilities such
as towing cars, ambulance, and emergency services
Syariah Insurance on the road. Customers having an accident when
Provides a syariah based protection, with a benefit driving causing the car inoperable or unrideable
of a profit sharing system. Syariah Insurance may may make a claim on the spot and get a towing
be available to all kinds of insurance products. service.

Electronic Equipment Insurance Anchor Garage
Provides protection in the event of unprecedented Autocillin Garage mechanical workshop service,
damages such as burglary, fire, lightning, riots, partner workhops of aTPM or non-ATPM with
earthquake, flood, volcano eruption, damages a six months guarantee for all kinds of work and
caused by water, electric current and other causes. guarantee of spare parts authenticity.
Furniture Insurance Public Claim Spot

Provides coverage guarantee in the event of A cooperation between Autocillin with various
accidental damages to Your furnitures caused public areas in broadening Autocillins claim spot
by accidents, water, fire, theft, burglary, natural reach. Customers can make claims in shopping
disaster, riots and others. areas which have a cooperation with Autocillin.

Mobile Service
A facility from Autocillin which helps customers
in making claims, buy products, or inquire other
informations available in a VW Combi vehicle
available in many public areas.
Mobile Claim Application

An application in a smartphone from Autocillin which
helps customers in obtaining product informations,
premium fees and make claims through their
smartphones.
ADIRA KREDIT
Provides financing facility (credit) for you who wish to
have high quality goods with affordable installment
such as electronics, computers, furnitures, mobile
phones and other home appliances.

Executive leaders
JUWONO AKUAN ROKANTA POULCE OCTAVIAN E.W ARIETA ARYANTI PERMATA ZSA ZSA QUAMILLA
SEMM Internal Control & Fraud Mgt Litigation Counsel Head-1, LESTARI YUSHARYAHYA
Head, Indonesian citizen, 53 Years Indonesian citizen, 41 Years old, Transaction Banking&Ctrlz Proc Public Affairs Head, Warga Negara
old, Joined Danamon since Mei Joined Danamon since Januari Center HD, Warga Negara Indonesian, 54 Years old, Joined
1984, Hold a post graduate degree in 2001, Hold a bachelor degree in Indonesian 43 Years old, Joined Danamon since November 2007, Hold
Management STMB Ilmu Hukum, UNIVERSITAS SAM Danamon since Oktober 2004, Hold a post graduate degree in Business
RATULANGI a bachelor degree in Accounting & Administration, PEPPERDINE
YO LIAN KIE Finance, UNIVERSITAS INDONESIA UNIVERSITY
Management Information System SONNY WAHYUBRATA
Head, Indonesian citizen, 50 Years Retail Banking Head, Indonesian ARIEF SETYAHADI EVI LANIYANTI
old, Joined Danamon since April citizen, 47 Years old, Joined Reg. SEMM Head, Indonesian citizen, Group Chief Procurement Officer,
1986, Hold a bachelor degree in Danamon since Maret 2001, Hold a 45 Years old, Joined Danamon since Indonesian citizen, 50 Years old,
Management, SEKOLAH TINGGI bachelor degree in Management Mei 1997, Hold a bachelor degree in Joined Danamon since November
ILMU EKONOMI SUPRA CALIFORNIA STATE UNIVERSITY ADMINISTRASI NEGARA, Universitas 2007, Hold a bachelor degree in
Gadjah Mada Akuntansi, UNIVERSITAS ATMAJAYA
HENNY GUNAWAN EDDIE HARIJANTO BINTORO JAKARTA
Regional Consumer Head, Regional Consumer Head, PARNGUH MULA R. SARAGIH
Indonesian citizen, 51 Years old, Indonesian citizen, 51 Years old, Reg. Transaction Service Head MEILYNDA ADRIANA ADITIANTO
Joined Danamon since Oktober 1989, Joined Danamon since November III, Indonesian citizen, 45 Years Operational Excellence Head,
Hold a bachelor degree in EKONOMI 2001, Hold a bachelor degree in old, Joined Danamon since Maret Indonesian citizen, 44 Years old,
MANAGEMENT, Jayabaya University TEKNIK SIPIL, Universitas Atmajaya 1996, Hold a bachelor degree in Joined Danamon since Mei 2008,
Jakarta PERTANIAN, Universitas Sumatera Hold a bachelor degree in Teknik
SUMARTONO Utara Industri, OHIO UNIVERSITY, ATHENS
NCBS & Payments Head, Indonesian VICTOR ERICO KOROMPIS
citizen, 50 Years old, Joined IT Bus.Solution & Syst.Integration HARTONO TEGUH WIJAYA LINDA SURYANY WONOSASMITO
Danamon since September 1990, Head, Indonesian citizen, 40 Years Regional Business Head, Operations & Business Support
Hold a bachelor degree in Akuntansi, old, Joined Danamon since November Indonesian citizen, 49 Years Head, Indonesian citizen, 47 Years
STEI INDONESIA 2001, Hold a post graduate degree old, Joined Danamon since Mei old, Joined Danamon since Agustus
in, Teknik Informatika, UNIVERSITAS 2004, Hold a bachelor degree in 2008, Hold a post graduate degree in
STENLY OKTAVIANUS INDONESIA ADMINISTRASI KEUANGAN, UNIV. Perbankan MAASTRICHT SCHOOL
National Sales Distribution Head, DHARMAWANGSA OF MANAGEMENT, MAASTRICHT
Indonesian citizen, 49 Years old, REFITA RULLI ARIEF
Joined Danamon since Juni 1992, Syariah Business Plan&Product EKA DINATA YANTO EDY UMAR
Hold a post graduate degree in Dev. Head, Indonesian citizen, 35 SME Regional Business Head, Chief Credit Officer-Wholesale
Ekonomi Management, ERASMUS Years old, Joined Danamon since Indonesian citizen, 36 Years old, Banking, Indonesian citizen,, 42 Years
UNIVERSITEIT November 2001, Hold a bachelor Joined Danamon since November old, Joined Danamon since Oktober
degree in Accounting & Finance, 2005, Hold a bachelor degree 2009, Hold a bachelor degree in
BUDHI HERNANDI UNIVERSITAS TRISAKTI AKUNTANSI, Universitas Indonesia Teknik Mesin, INSTITUT TEKNOLOGI
Syariah Assurance & Operations BANDUNG
Head, Indonesian citizen 49 Years FANNY GOSAL ALEXANDER CONSTANTYN
old, Joined Danamon since Oktober Branch Banking Head, Indonesian SETJADI ARDINO GUSMAN
1990, Hold a bachelor degree in citizen, 44 Years old, Joined SME Project Head, Warga Negara Syariah Risk Head, Indonesian
Administrasi Niaga, UNIVERSITAS Danamon since Juni 1992, Hold a Indonesian, 42 Years old, Joined citizen, 51 Years old, Joined
KATOLIK PARAHYANGAN bachelor degree in Management, Danamon since Maret 2006, Hold Danamon since Oktober 2009, Hold a
UNIVERSITAS TARUMANAGARA a bachelor degree in Akuntansi, post graduate degree in Management
IRWAN UNIVERSITAS ATMAJAYA JAKARTA Bisnis GOLDEN GATE UNIVERSTIY,
SME Regional Business Head, ISABELLA ARITONANG SAN FRANCISCO, CALIFORNIA
Indonesian citizen, 52 Years old, Transaction Banking Head, RIO ERRIAD
Joined Danamon since Maret 1991, Indonesian citizen, 49 Years old, Fraud & Operational Risk PEY FANG ONG
Hold a bachelor degree in EKONOMI Joined Danamon since Januari 2004, Management Head, Warga Negara Kepala Satuan Kerja Kepatuhan
MANAGEMENT, Universitas Syiah Hold a bachelor degree in Bisnis, Indonesian, 48 Years old, Joined (Compl.Hd), Indonesian citizen,
Kuala SYDNEY BIZ SCHOOL Danamon since April 2006, Hold a 50 Years old, Joined Danamon
post graduate degree in Business since Desember 2009, Hold a
BUDI SURYONO HARLAN LIGAWIRADY Administration, QUEENSLAND bachelor degree in Akuntansi,
Infrastructure Systems Head, SMEC Credit Risk Head, Indonesian UNIVERSITY OF TECHNOLOGY ROYAL MELBOURNE INSTITUE OF
Indonesian citizen, 54 Years old, citizen, 44 Years old, Joined TECHNOLOGY - RMIT
Joined Danamon sinceJanuari 2001, Danamon since Juni 1994, Hold a ALEXANDER EKANAYAKE
Hold a bachelor degree in Teknik post graduate degree in Business IT Control Functions Head, HARAPMAN KASAN
Elektro, UNIV. DHARMA SARI Administration, IPMI BUSINESS Indonesian citizen, 41 Years old, Wholesale Business Head,
SCHOOL Joined Danamon since Mei 2006, Indonesian citizen, 46 Years old
FILIPUS SUWANDI KUSUMA Hold a bachelor degree in Teknik Joined Danamon since Januari 2010
Operation Risk & Control Head, ANTONY KURNIAWAN Komputer, UNIVERSITAS BINA Hold a post graduate degree in
Warga NegaraIndonesian, 44 Years Chief Internal Auditor, Indonesian NUSANTARA Management Bisnis, LMII - KENNEDY
old, Joined Danamon since Maret citizen, 51 Years old, Joined - WESTERN UNIVERSITY
1996, Hold a bachelor degree Danamon since Mei 2004, Hold a ERNY RESHA TANTRY
in Management, UNIVERSITAS post graduate degree in Teknologi Financial Institutions Head, DESSY SAFITRI MASRI
ATMAJAYA JAKARTA Industri, COLUMBIA UNIV. Indonesian citizen, 50 Years Consumer Marketing Head,
old, Joined Danamon since Indonesian citizen, 44 Years old,
TAUFAN ARIJANTONO DJOEMINGIN BUDIONO November 2006, Hold a bachelor Joined Danamon since
Tax Head, Indonesian citizen, Adira Finance Leveraging Head, degree Hubungan Internasional, Maret 2010, Hold a post graduate
49 Years old, Joined Danamon Indonesian citizen, 44 Years old, UNIVERSITAS JAYABAYA degree in Teknik Industri, PURDUE
since November 1996, Lulusan Joined Danamon since Mei 2004, UNIVERSITY, WEST LAFAYETTE IN
D3 Perpajakan, UNIVERSITAS Hold a post graduate degree in YENNY LIM STATE OF INDI
AIRLANGGA Marketing, STATE UNIVERSITY OF Financial Planning & Project Head,
NEW YORK. Indonesian citizen, 48 Years old, FAJAR WAHYUDI
GUNAWAN TE Joined Danamon since Maret 2007, Syariah Cross Selling & Bus. Dev.
SME Business Head, Indonesian ANDRE HANDHIKA TESSAPUTRA Hold a bachelor degree in Business Head, Indonesian citizen, 48 Years
citizen, 43 Years old, Joined THE Administration, ORAGEN STATE old, Joined Danamon since Maret
Danamon since Juni 1997, Hold Specialized Product Management UNIVERSITY 2010, Hold a post graduate degree
a bachelor degree in Ekonomi Head, Indonesian citizen, 44 Years in Master of Business Administration,
Management, UNIVERSITAS NEGERI old, Joined Danamon since April INSTITUT Management PRASETYA
SURABAYA 2004, Hold a bachelor degree in MULYA
Business Administration, CSY
BAKERSFIELD

SRI WAHJOENI HADI POERNOMO JENNY TJANDRA HENKY SURYAPUTRA BAMBANG ATMAJI
Customer & Biz. Enablement Head, Consumer Risk Head, Indonesian Fin. Acc. Regulatory & Prod. Ctrl. Syariah Business Head, Indonesian
Indonesian citizen, 52 Years old, citizen, 49 Years old, Joined Group Head, Indonesian citizen, 39 citizen, 44 Years old, Joined
Joined Danamon since Juni 2010, Danamon since November 2010, Hold Years old, Joined Danamon since Danamon since Januari 2014, Hold
Hold a bachelor degree in Akuntansi, a post graduate degree in Business April 2012, Hold a post graduate a bachelor degree in Agribisnis,
UNIVERSITAS TRISAKTI Administration, CALIFORNIA STATE degree in Finance, UNIVERSITY OF INSTITUT PERTANIAN BOGOR
POLYTECHNIC UNIVERSITY NEW SOUTH WALES AUSTRALIA
DJAMIN EDISON NAINGGOLAN IWAN DHARMAWAN
Consumer Lending Head, Indonesian LISTA IRNA SRIRAGHAVAN RAJAMANNAR Market & Liquidity Risk Head,
citizen, 52 Years old, Joined Chief Credit Off-Mass Market & Risk Modelling & Quant. Techniques Indonesian citizen, 42 Years old,
Danamon since ConsBanking, Indonesian citizen, Head, Warga Negara Indian, 47 Years Joined Danamon since Maret 2014,
Agustus 2010, Hold a post graduate 47 Years old, Joined Danamon old, Joined Danamon since Mei Hold a post graduate degree in
degree in Business Administration, since November 2010, Hold a 2012, Hold a post graduate degree in Master of Business Administration,
UNIVERSITY OF ARKANSAS post graduate degree in Business Ekonomi Perusahaan, UNIVERSITY UNIVERSITY OF ARKANSAS
Administration, SWISS GERMAN OF MADRAS
IRMA SAVITRY DAULAY UNIVERSITY MARTA JONATAN
Risk Management Head, Indonesian ENTIN ROSTINI Human Resources Head, Indonesian
citizen, 51 Years old, Joined SRI SETYANINGSIH UKPN Head, Indonesian citizen, 50 citizen, 46 Years old, Joined
Danamon since Agustus 2010, Hold Consumer Service Quality Head, Years old, Joined Danamon since Juli Danamon since Mei 2014, Hold
a bachelor degree in Akuntansi, Indonesian citizen, 49 Years old, 2012, Hold a post graduate degree a bachelor degree in Statistika,
UNIVERSITAS INDONESIA Joined Danamon since Desember in Finance, UNIVERSITAS GADJAH INSTITUT PERTANIAN BOGOR
2010, Hold a bachelor degree MADA
SISWO SOEBIANTO IKSAN in Sastra Inggris, UNIVERSITAS SURYA KIRANA SULISTIJO
Corporate Banking Risk Head, KRISTEN SATYA WACANA HERMAN General Legal Counsel, Indonesian
Indonesian citizen, 48 Years old, Treasury & Capital Market Head, citizen, 49 Years old, Joined
Joined Danamon since Oktober EMANUEL ANDY HARSANTO Indonesian citizen, 45 Years old, Danamon since November 2014,
2010, Hold a bachelor degree in Corporate Real Estate Management Joined Danamon since Desember Hold a post graduate degree in Ilmu
Ekonomi Management, UNIVERSITAS Head, Indonesian citizen, 45 2013, Hold a bachelor degree Hukum, UNIVERSITAS INDONESIA
KRISTEN SATYA WACANA Years old, Joined Danamon since in Teknik Elektro, UNIVERSITAS
September 2011, Hold a post TRISAKTI
EUNICE KURNIAWAN graduate degree in Teknik Elektro,
Enterprise Risk & Policy Head, IPMI BUSINESS SCHOOL
Indonesian citizen, 39 Years old,
Joined Danamon since Oktober
2010, Hold a post graduate degree in
Finance, UNIVERSITY OF LONDON
* Include Syariah Office Channeling

Office Address
Head Office*
Jakarta-Metro Tanah Abang Jakarta - Tanah Abang Blok A Jakarta-Pasar Baru
Banking Center Pusat Grosir Metro Pasar Regional Tanah Abang Blok Jl. Pasar Baru Selatan No. 16,
Menara Bank Danamon Ground Floor
Tanah Abang (Pgmta) 7 Floor No. 6 A, Basement 2 No. 67 A-B, Los F, Jakarta Pusat 10710
Jl. Pro. Dr. satrio Kav.E4 No. 6
& 7 Jl. Wahid Hasyim Jakpus, Kel Jakarta Pusat Tel. 021-3804441, 3857677
Mega Kuningan, Jakarta 12950
Kebon Kacang, Kec. Tanah Abang, Tel. 021-23572037/23571604 Fax. 021-3440971
Tel. (021) 57991001 - 3
Kotamadya Jakpus Fax. 021 - 23571844
fax. (021) 57991161
Tel. 021-30036345 - 30036187 Jakarta-Wiryopranoto
Fax. 021-30035935 Jakarta - Puri Kencana Jl. Sukarjo Wiryopranoto No. 63,
Ruko Puri Niaga 3 Blok M8 - 1A,Puri Jakarta Barat 11160
Region 1 Jakarta-Tomang Raya* Kencana, Jakarta Barat. Tel. 021-2601521-22
Jl. Tomang Raya No. 51 C-D, Blok Tel. 021-58350446 - 450 Fax. 021-2601516
Jakarta-Matraman* Mm Kav. 557, Jakarta Barat 11440 Fax. 021-58303381
Jl. Matraman Raya No.52 Tel. 021-5607303 - 04, 5664011 Jakarta - Ruko Atrium Senen
Jakarta Timur 13150 Fax. 021-5607309 Jakarta - Sentra Niaga Puri Indah Ruko Atrium Senen. Jl Pasar Senen
Tel. (021) 2800544, 2800477, Kompleks Ruko Sentra Niaga Puri Blok F No.29 Jakpus
2800455, 2800536 (D), 2800985 Jakarta-Kb. Jrk Interkom* Indah Blok T3 No. 15 Jakarta Barat Tel. 021-
(D) Jl. Raya Meruya Ilir, Komplek Tel. 021-44726894/58300399 3512386/2351/2386/2387/3512407
Fax. (021) 2880510 Intercon Plaza Blok A 1-2, Kebon Fax. (021) 58300497 Fax. 021-3512389
Jeruk, Jakarta 11630
Jakarta-Gajah Mada Tel. 021-5845474 Jakarta Central Park Jakarta-Telepon Kota I
Jl. Gajah Mada No. 90 A, Jakarta Fax. 021-5846035 Central Park Shop Unit L 220/ Jl. Telepon Kota No. 7, Jakarta
Barat 11140 Lowerground Floor Jl. S. Parman Barat 11230
Tel. 021-6341550 Ext.17 - Jakarta-Puri Indah Kav 28 Kel.tj Duren Selatam, Kec Tel. 021-6904060/67, 6923135-38
H.tlr;12,13,15 & 20- Bo;19 - Jl. Puri Indah Raya Blok I No. 41, Grogol, Petamburan Jakbar Fax. (021) 6923137
Bsm; 6341555, 6341560 Pesanggrahan, Jakarta Barat 11610 Tel. (021) 29200252, 29200250
Fax. 021-6344135 Tel. 021-5821601 - 04 Fax. (021) 29200255 Jakarta-Pluit Kencana
Fax. 021-5821605 Jl. Pluit Kencana Raya 45-47,
Jakarta-Jembatan Lima Jakarta- Suryopranoto 2 Jakarta 14450
Jl. Khm. Mansyur No. 255, Jakarta-Cideng Timur Jl. Suryopranoto No.75, Jakarta Tel. 021-6612006-10
Jembatan Lima, Jakarta Barat Jl. Cideng Timur No. 70 D, Jakarta Pusat Fax. 021-6627920
11255 10160 Tel. 021-71297636
Tel. (021) 6339837, Tel. 021-3523538 - 40 Fax. (021)34834649 Jakarta-Muara Karang
D: (021) 6339077 Fax. 021-3506457 Jl. Muara Karang Raya No. 72 Blok
Fax. (021) 6339762
Jakarta - Jalan Panjang Z-3 Selatan, Jakarta
Jakarta-Duri Kosambi Jl. Panjang No.28, Rt.06/Rw.011, Tel. 021-6682336, 6682338,
Jakarta-Pecenongan Jl.komplek Ruko Taman Semanan Gedung Graha Inovasi Unit 1B, 6683309, 6683310
Jl. Pecenongan Raya No. 5 B-C, Indah Blok C - 26 Duri Kosambi Kel. Kb Jeruk, Kec. Kebon Jeruk, Fax. 021-6682335
Jakarta Pusat 10210 Jakarta Barat 11750 Kotamadya Jakarta Barat
Tel. 021-2311244/652, Tel. 021-54394498- Tel. 021-71297759 Jakarta-Pantai Indah Kapuk
D-2312722 54394397/98 Fax. (021) 71297759 Galeria Niaga Mediterania Blok.x-3
Fax. 021-2311475 Fax. 021-54394696 Kav.no.a-8M& A-8N, Pantai Indah
Jakarta-Lippo Mall Puri Kapuk, Jakarta Utara
Jakarta-Taman Sari Jakarta-Taman Ratu Indah Lippo Mall Puri, Jl. Puri Indah Raya Tel. 021-5884511/5882177/78
Jl. Tamansari Raya No. 53 A, Komplek Ruko Taman Ratu Indah Blok Ug R-05, Puri Indah Cbd Fax. 021-5884510
Jakarta Barat, 11150 Blok Bb 1/1 C, Kedoya Utara, Tel. 021-29 111 332 S/D 336.
Tel. 021-6120254 Ext.16-Bsm;14- Kebon Jeruk - Jakarta Barat 11510 Jakarta-Kapuk Teluk Gong
Cs;19-H.tlr/6006095/6006093 Tel. Opr.021-56944407,Bisn Jakarta-Kebon Sirih* Jl. Teluk Gong Raya Komp. Tpi Ii
Fax. 021-6294983 is.021-56944408/10 Jl. Kebon Sirih No. 15, Jakarta Blok M No. 34 Kampung Gusti,
Fax. 021-56958193 Pusat 10340 Jakarta Utara 14450
Jakarta-Glodok Plaza I Tel. 021-2300605; D-2301025(Bsm) Tel. 021-6611383, 6670803
Jl. Pinang Sia Raya Komplek Ruko Jakarta-Taman Anggrek Fax. 021-2300730 Fax. 021-6600742
Glodok Plaza Blok A No. 26-28 Mall Taman Anggrek Ground Floor
Jakarta G-42, Jl. S. Parman Kav.21, Jakarta Jakarta-Agus Salim Jakarta-Jelambar
Tel. (021) 2601312; Dirc.6255915 Barat 11450 Jl. H. Agus Salim No. 59 A, Jakarta Jl. Jelambar Selatan I No.
Fax. 021-6255914 Tel. 021-5639473-75 Pusat 10310 1B, Jelambar Baru, Grogol,
Fax. 021-5639053 Tel. 021-31935076/83 Petamburan, Jakarta Barat
Jkt- KH. Zainul Arifin Fax. 0212300932 Tel. 021-5608981/5632430
Ketapang Business Center Blok Jakarta-Bidakara Fax. 021-5608982
A-15, Jl. Kh. Zainul Arifin No. 20, Komplek Bidakara Lt. Lobby, Jl. Jakarta-Cikini*
Jakarta Barat Jend. Gatot Subroto Kav. 71-73, Jl. Cikini Raya No. 71, Jakarta Pusat Jakarta-P.jayakarta
Tel. (021) 63852539/ Jakarta 12870 10330 Jl. P. Jayakarta Raya No. 22, Jakarta
63852541/44 Tel. 021-83793427 - 28 Tel. Direct:021-3107239, Hunting Pusat 10730
Fax. (021) 63852573 Fax. 021-83793426 3904907 Tel. 021-6285274, 6399272
Fax. 021 - 3904909 Fax. 021-6285272
Jakarta-Hasyim Ashari Jakarta-Roxy Mas
Jl. Kh. Hasyim Ashari No. 15 A, Jl. K.h Hasyim Ashari Blok C 2 No. Jakarta-Prapatan* Jakarta-Mangga Besar
Jakarta Pusat 10130 6 & 7 Jakarta Jl. Prapatan No. 50, Gambir, Jakarta Jl. Mangga Besar Raya No. 42 A-B,
Tel. (021) 6304343 Ext. 100/101, (D) Tel. 021-6327376, 6330158, Pusat Jakarta 11150
6304242 6327357, 6333738 Tel. 021-2312488, D-2311410 Tel. 021-6240518/6593337
Fax. (021) 6304244 Fax. 021-63862041 Fax. 021-3842023 Fax. 021-6240515
Jakarta-Tn.abg Fachrudin Jakarta - Biak Jakarta-Senen Jakarta-Mangga 2 Raya

Jl. Fachrudin 36, Blok A No. 56-57, Ruko .Jl Biak No.21.A Cideng Pusat Grosir Senen Jaya Lt.3 Rtu Jl. Mangga Dua Raya, Ruko Tekstil
Tanah Abang, Jakarta Pusat 10250 Jakpus L3/C9 -9, Jl.senen Raya, Kel.senen, Blok E4 No. 6, Jakarta 14430
Tel. 021-3156665, 3166670, Tel. 021-63862465, 63862512 Kec.senen, Dki Jakarta Tel. 021-6011503-04, 6009874(D
2310421 Fax. 021-6310076 Tel. 021-29939241, 29939242, Bsm) 6258449 (D Bm), 6011505
Fax. 021-3156669
29939246 (Bm)
Fax. 021-29939240 Fax. 021-6009875

Jakarta-Mangga 2 Arteri Jakarta-Mt.haryono Jakarta-Allianz Tower Jakarta-Cinere*

Ps. Pagi Mangga Dua Blok D Lt. Gedung Mugi Griya Lt. I R.102, Jl. Jl Hr. Rasuna Said, Superblok Jl. Cinere Raya Kav. 48-49 A,
Iii No. 2, Jl. Arteri Mangga Dua, Mt. Haryono Kav. 10, Jakarta 12820 2 - Kawasan Kuningan Persada, Cinere, Depok 16514
Jakarta 14430 Tel. 021-8308406-07 Kel. Guntur, Kec. Setiabudi, Jakata Tel. 021-7545756-5065-5759-5760
Tel. 021-6127494-95 Fax. 021-8308409 Selatan, 12980 Fax. 021-7545066
Fax. 021-6255644 Tel. 021-29079609 - 11
Jakarta-Menara Danamon Fax. (021) 29079609 Jakarta-Depok Margonda*
Jakarta-Itc Mangga Dua Menara Bank Danamon Lt.dasar Jl Ruko Graha 99 Jl Margonda Raya
Gedung Itc Mangga Dua Lt.1 Blok Prof.dr. Satrio Kav E 4 No.6 Mega Jakarta-Menara Jamsostek Rt 008/03 No.99 Kemiri Muka
D1 No.47 Jl.mangga Dua Jakarta Kuningan Jakarta 12940 Lantai 1 Menara Utara, Gedung Depok 16423
Utara Tel. 021-57991001-03/57991010 Menara Jamsostek, Jl. Jendral Tel. 021-77201222-1666, 77202332,
Tel. 021-6016169-70 D-57991452 Gatot Subroto No.38 Jakarta Drc 77202552
Fax. 021-6016168 Fax. 021-57991451/1811 Selatan Fax. 021-77202662
Tel. 021-52963810/11
Jakarta-Bandengan Jakarta-Kalibata* Fax. (021) 52963812 Jakarta-Radio Dalam
Jl. Bandengan Selatan Komp.ruko Kalibata Tengah Blok I F-G, Jakarta Jl.radio Dalam Rt 001/04 No. A/1
Puri Delta Mas Blok A No 20-21Jak Selatan 12740 Jakarta- Kalibata City (Komplek Yado), Gandaria Utara Jak
Bar. Tel. 021-7989239/37 Kalibata City Square Lantai Lg Unit Sel 12140
Tel. 021-66674179, 66674180 Fax. 021-7982171 E.01 (Lg/E.01), Jl. Kalibata Raya No Tel. 021- 7248541
Fax. 021-66674701 1, Jakarta Selatan Fax. 021-7396168
Bdi Jakarta-Duta Mas Fatmawati* Tel. 02171297731
Jakarta-Taman Duta Mas Komplek Pusat Niaga Duta Mas Fax. (021) 29317107 Jakarta-Kemang*
Rukan Taman Duta Mas D9a No.8 Fatmawati Ruko Blok B1 No 2 Jl. Kemang Raya 4 Jakarta Selatan
Jelambar, Jakarta Barat Cipete Utara, Kebayoran Baru - Jakarta - Landmark Tel. 021-7198730/7198602
Tel. 021-5646775 Jakarta Selatan 12150 Landmark Centre I, Jl. Jenderal Fax. 021-7198728
Fax. 021- 5663959 Tel. 021-7396270/7396278 Sudirman No. 1 Jakarta 12910,
Fax. 021-7237404 Lantai Dasar Jakarta-Ampera Raya
Jakarta - Cbd Pluit Tel. (021) 29411411/29411414 Jl. Ampera Raya No.11 Ground
Jl.pluit Selatan Raya,Komp.cbd Pluit Bdi Jakarta-The East Tower Mega Fax. (021) 29411424 Floor,Ragunan Ps Minggu
Blok A 18 Kuningan Tel. 021-7810137,7806056,7810172
Tel. 66675264 Ext.3013 Bsm;3011 The East Tower Lt. Dasar - 1.07-A, Jakarta - Adira Mt Haryono Fax. 021-7810137
Cs,66675274 Jl. Lingkar Mega Kuningan Blok Gedung Adira, Jl. M.t Haryono Kav
Fax. 021-66675358 E3.2, Kav. 1, Jakarta Selatan 42 Rt 001 Rw 005 Cikokol Pancoran Jakarta-Wolter Monginsidi*
Tel. 021-57938543/44/45 Jakarta Selatan 12780 Jl. Wolter Monginsidi No. 60 C
Jakarta - Perniagaan Timur Fax. 021-57938552 Tel. 021-2966 7341, 021-2966 7342 Jakarta Selatan
Jl Perniagaan Timur No.55 Fax. 021-2966 7340 Tel. 021-
Tel. 021- Bdi Jakarta-Wisma Bakrie 2 72784043,72790284,72799466
Gedung Wisma Bakrie 2,Lt. Dasar, Jl Jakarta-Panglima Polim* Fax. 021-7208570
Jakarta - Orion Mangga Dua Hr.rasuna Said, Kuningan Jakarta Jl. Panglima Polim Raya No. 47,
Ruko Komp.orion Mangga Dua,Jl. Tel. 021 - 57945777/80 Kebayoran Baru, Jakarta Selatan Depok-Tole Iskandar*
raya Mangga Dua, Komp.rukan Fax. 021-57945767 12160 Jl. Tole Iskandar No. 50, Kel.
Orion Mangga Dua No.3 Jakarta Tel. 7205403-6218-6942-6948- Sukmajaya, Kec. Sukmajaya, Depok
Utara Jakarta-Bej 7393655, D-7393014 Jawa Barat
Tel. 021-62302348/47 Gd. Bej Tower 2 Lt.1, Jl. Jend. Fax. 021.7393316 Tel. 021-77830761
Fax. 021-62302351 Sudirman Kav.52+53, Jakarta Fax. (021) 77830790
Tel. 021-5153251-52 Jakarta-Permata Hijau*
Jakarta - Duta Indah Square Fax. 021-5153254 Jl. Nikel Blok D No. 23-24 Permata Tangerang - Martadinata
Komp Ruko Duta Indah Square No. Hijau, Jakarta Selatan Jl. Martadinata Rt. 01/04 Ciputat
15 A3 Jl. Teluk Gong, Jakarta Utara Jakarta-Abdul Muis* Tel. 021-5357382 Tangerang
Tel. 021-66670877 Direct Jl Abdul Muis No 60 Jakarta Pusat Fax. 021-5357384 Tel. 02174708842/43/51/59/62/0217
Bsm/66670878 - Hunting 10160 4709605/02127479923
Fax. (021) 66670876 Tel. 021-3842613,3844693 Jakarta-Ciledug Raya* Fax. (021) 74709605
Fax. 021-3854851 Jl. Ciledug Raya No. 5, Cipulir,
Jakarta - Pantai Indah Kapuk 2 Kebayoran Lama, Jakarta 12230 Jakarta- Bona Indah
Rukan Cordoba B 12 Dan B 15, Jakarta-Benhil* Tel. 021-2700080-81 Jl. Karang Tengah Blok B/1, Bona
Pantai Indah Kapuk, Jakarta Utara Jl. Bendungan Hilir Raya No. 21, Fax. 021-7251020 Indah Bisnis Center 89 Rt.007,
Tel. 021-56983774/784/794 Jakarta Pusat 10210 Rw.006, Kel. Lebak Bulus, Kec.
Fax. (021) 56983784 Tel. 021-5707844, 5727172 Jakarta-Melawai* Cilandak, Jakarta Selatan
Fax. 021-5707843 Jl. Melawai Raya No. 27, Kebayoran Tel. 02175916027
Jakarta-Rasuna Said* Baru, Jakarta Selatan 12160 Fax. (021) 75916039
Graha Aktiva Building, Jl.hr Rasuna Jakarta-Wisma BNI* Tel. 021-2700940-41
Said Blok X-1, Kav.3, Jakarta Wisma 46 Kota BNI Lt. Dasar, Fax. 021-2700742 Jakarta- Pasar Mayestik
Selatan Jl. Jend. Sudirman Kav. 1, Jakarta Gedung Pasar Mayestik Unit L2 Bks
Tel. H.021-5221282 Pusat 10220 Jakarta-Pondok Indah Unit C, Jalan Tebah 3 Rt 001/Rw
Fax. 021-5221288 Tel. 021-5727484-86 Komplek Pertokoan Pondok Indah 002, Kel. Gunung, Kec. Kebayoran
Fax. 021-5727483 Blok Ua No. 1, Jl. Metro Duta, Baru, Jakarta Selatan
Jakarta-Warung Buncit* Pondok Indah, Jakarta Selatan Tel. 021-71297721
Jl. Warung Buncit Raya No. 107, Jakarta-Palmerah* Tel. 021-75914888 Fax. (021) 29395421
Jakarta Selatan 12760 Jl. Palmerah Barat No. 38 A, Blok Fax. 021-75914840
Tel. 021-7982067 5-6, Grogol Utara, Jakarta 12210 Jakarta- Arteri Pondok Indah
Fax. 021-7982041 Tel. 021-5304949 Jakarta-Pd.indah Mall Jl. Arteri/Jl. Sultan Iskandar Muda
Fax. 021-5329248 Pondok Indah Mall 2, Lt.dasar Kav. 77-78 No. 6, Rt.03/Rw.05, Kel.
Jakarta-Supomo* No.g 34 B, Pondok Indah, Jakarta Kebayoran Lama Selatan Kec. Keb
Jl. Prof. Dr. Supomo No. 55, Tebet, Jakarta-The Jakarta Post Selatan 12310 Lama, Kotamadya Jaksel
Jakarta Selatan 12810 Gedung Jakarta Pos, Jl. Palmerah Tel. 021-7506904/5,7512361 Tel. 0217297756
Tel. 021-8350387, 8350389 Barat No. 142-143, Jakarta 10270 Fax. 021-7506885 Fax. (021) 71297756
Fax. 021-8353110 Tel. 021-53654401 (Direct),
53654402, 53654403 Jakarta-Fatmawati Pgb Jakarta - Pondok Indah*
Jakarta-Wisma Elektrindo Fax. 021-53654408 Jl. Rs. Fatmawati No. 24, Cipete Kompleks Metro Duta Niaga Blok
Jl. Kuningan Barat No. 8, Jakarta Utara, Jakarta Selatan 12430 Ba No. 47 Pondok Indah Jakarta
Selatan 12710 Jakarta-Sudirman Plaza* Tel. 021-7500522, 7692214-6116 Tel. 021-766 2166
Tel. 021-5269315 Sudirman Plz, Indofood Tower.jl Fax. 021-7500830 Fax. 021-759 00548
Fax. 021-5269321 Jend Sudirman Kav 76-78
Tel. 021-57954510
Fax. 021-57954509

Jakarta-Kelapa Gading I* Jakarta-Ps.pademangan Jakarta-Pondok Gede* Tangerang-Daan Mogot*

Jl. Bulevar Barat Blok Xb No. 8, Ps. Pademangan Timur Lt.dasar Rukan Pondok Gede Plaza Blok D Jl. Daan Mogot No. 48, Tangerang,
Kelapa Gading - Jakarta Utara Blok Bks 137, Jakarta 14410 No 1 S/D 2 P.gede Bekasi Rt 04/01 Kode Pos 15111
14240 Tel. 021-6415378-80, Jatiwaringin Bekasi 17426 Tel. 021-5520781-0782-5570
Tel. 021-4534003-4026; Drc. 6410783-84 Tel. D. 021 - 8474625 . H. 021 - 5525516/5586019
4534023 Bo- 4534024 Bsm, Fax. 021-6410785 8474529 - 09 - 03
Fax. 021-4534025 Fax. 021 - 8474477 Tangerang-Supermall Karawaci
Jakarta - Itc Cempaka Mas Unit Ff59a Supermall Karawaci Jl.
Jakarta-Kelapa Gading II Graha Rukan Itc Cempaka Mas Blok Jakarta-Cibubur Times Square Bulevar Diponegoro Lippo Karawaci
Jl. Boulevard Raya Blok Fy No. 1/9- B No. 7 10640 Jl.transyogi Km.3, Komp.rukan Tangerang 15811
12, Jakarta Utara 14240 Tel. 021-42884588 Cibubur Times Square Blok B1 Tel. 021-5462269-70; 5462421-22
Tel. 021-4532788-89 Fax. 021-42883963 No.10, Cibubur Jakarta Timur Fax. 021-5462271
Fax. 021-4532791 Tel. 021-84305460, 84305458,
Jakarta - Artha Gading 84305459 Tangerang-Alam Sutra*
Jakarta-Pulogadung* Rukan Artha Gading Blok C No. 18 Fax. 021-84305461 Jl. Sutera Niaga I/17, Komplek Alam
Jl. Pulo Lentut No. 10, Gedung Jl. Boulevard Artha Gading Kelapa Sutera, Serpong, Tangerang 15326
Enseval Putera Mega Trading, Gading Jakarta Utara 14240 Jakarta-Pondok Bambu* Tel. 021-5398327/28
Kawasan Industri Pulo Gadung Tel. 021-45850613 Jl. Pahlawan Revolusi No. 125 B, Fax. 021-5398331
13930 Fax. 021-45850615 Pondok Bambu, Jakarta Timur
Tel. 021-4604111/2 13430 Tangerang-Taman Cibodas
Fax. 021-4604114 Jakarta-Kelapa Gading Square Tel. 021-8612527, 8612844 Komp. Taman Cibodas, Jl. Gatot
Komp Ruko Kelapa Gading Square Fax. 021-8615171 Subroto, Ruko Blok A No.16, Curug,
Jakarta-Pegambiran Blok B No 6.Kelapa Gading, Jakarta Tangerang
Jl. Peggambiran No. 33-D, Utara, 14240 Jakarta - Buaran Raya Tel. 021-5528430-8435
Rawamangun, Jakarta Timur 13220 Tel. 021-45876516 -7 Jl.buaran Raya Blok A No.93-94 Fax. 021-5527429
Tel. 021-4707443-46, D-4707438 Fax. 021-45869860 Jakarta Timur
Fax. 021-4703104 Tel. 021-86601759/86613155 Tangerang-Bsd*
Jakarta-Kramat Jaya Fax. 021-86603338 Jl. Raya Serpong Bsd Commercial I
Jakarta-Cempaka Putih I Jl.kramat Jaya No.7 Semper, Blok 201 Bsd Sektor Vi, Tangerang
Jl. Cempaka Putih Raya No. 11, Jakarta Utara Jakarta - Pasar Jatinegara 15310
Jakarta Pusat 10510 Tel. 021-43932790/92 - 96 Jl. Pasar Selatan No. 5 B, Tel. 021-5379033-6966-9036
Tel. 021-4210854,65,D-4210865 Fax. 021-43932791 Jatinegara, Jakarta Timur Fax. 021-5376967
Fax. 021-42801151 Tel. 021 - 85910991 - 85910994
Jakarta-Boulevard Raya Fax. 021- 8193614 Tangerang-Bintaro III*
Jakarta-Letjen Suprapto Ruko Boulevard Raya Blok Pa 11, Komp. Rukan Bintaro Jaya Sektor
Komp. Perkantoran Cempaka Putih, Kav. 20-21, Kelapa Gading, Jakarta Bekasi-Juanda* III A, Blok A No. 8-10, Bintaro,
Jl. Letjen. Suprapto Blok A No. 17- Utara Jl. Ir. H. Juanda No. 159, Bekasi Tangerang 15224
18, Jkt. Pusat 10510 Tel. 021-45847572 17112 Tel. 021-7375160-64
Tel. 021-4203361 Fax. (021) 45847449 Tel. Dir.-021-8801990 - 8812260 Fax. 021-7375158
Fax. 021-4206715 Fax. 021-8808537
Jakarta - Pluit Karang Utara Jakarta-Tanjung Duren*
Jakarta-Enggano Jl. Pluit Karang Utara No. 34, Blok Bekasi-Metropolitan Mall* Jl. Tanjung Duren Raya No. 62,
Jl Enggano Raya No 36 Tanjung I-1-Selatan, Kav.no.54, Kel. Pluit, Metropolitan Mall Lt. Dasar No. 25, Jakarta Barat 11470
Priok Jakarta Utara 14310 Kec. Penjaringan, Jakarta Utara Jl. Raya Kalimalang Ujung, Bekasi Tel. 021-5664188
Tel. 021-4305101-04 Tel. 021-66690046/66670869 17148 Fax. 021-5635336
Fax. 021-4358949 Fax. (021) 66690014 Tel. 021-8848550
Fax. 021-8848030 Jakarta-Citraland
Jakarta-Gunung Sahari Jakarta - Sunan Derajat Citra Land Mall Lt. Lg Unit 5, Jl.
Jl. Gunung Sahari Raya No. 49 Jl. Sunan Derajat No. 39, Pulo Bekasi-Kemang Pratama S. Parman, Grogol, Jakarta Barat
Jakarta Pusat 10610 Gadung, Jakarta Timur Komp Perumahan Kemang Pratama 11470
Tel. 021-4227844, 4227845 Tel. 021-4723329 Blok Am No 3 A, Bekasi Timur Tel. 021-5666845
Fax. 021-4222508 Fax. (021) 4723493 17116 Fax. 021-5669754
Tel. 021-8225347 - 6039
Jakarta-Kenari Jakarta - Elang Laut Boulevard Fax. 021-82413282 Jakarta-Citra Garden Ii
Gedung Kenari Baru Lt. 2 Blok E Elang Laut Boulevard, Pantai Indah Komplek Citra Garden Ii Blok I-I No.
7-8, Jl. Salemba Raya No.2, Jakarta Kapuk, Jalan Pantai Indah Selatan Bekasi-Harapan Indah 12A, Jakarta Barat 11830
Pusat 10430 I Blok A No. 25-26, Kel. Kamal Komp Ruko Sentra Niaga Boulevard Tel. 021-5417705,5417720,
Tel. 021-3921190/3914331 Muara, Kec. Penjaringan Jakut Hijau,Perumahan Harapan Indah 5458253,5458254
Fax. 021-3914419 Tel. 02171297662 Blok Sn 2 No 16 -17 Medan Satria - Fax. 021-5403021
Fax. (021) 71297668 Bekasi 17132
Jakarta-Danau Sunter Tel. 021-88866052 Jakarta-Daan Mogot
Jl. Danau Sunter Utara Blok B.i.b Jakarta-Matraman* Fax. 021-88866053 Ruko Daan Mogot Km. 6, Komplek
No. 15-16 Sunter Podomoro, Jl. Matraman Raya No. 52, Jakarta Indo Ruko Blok 6 C-D, Jakarta
Jakarta 14350 Timur 13150 Bekasi - Taman Galaxy Raya* 11460
Tel. 021-64715835/,6517386- Tel. Hunt.021-800544, 2800477, Jl. Taman Galaxy Raya No. 12 Ad Tel. 021-5655370-72
7,6411622-3, 2800466, 2800455, D-2800536 Bekasi Selatan Fax. 5654783
Fax. 021-6411621/64714956 D-2800985 Tel. 021-82417306/82418017
021-2800510 Fax. (021) 82417386 Jakarta-Green Garden
Jakarta-Griya Utama Sunter Ruko Green Garden Blok I/9 No. 18,
Griya Utama Blok A Kav No 43 Jakarta-Jatinegara* Bekasi - Ahmad Yani Jakarta Barat 11520
Sunter Jak Ut Sunter Agung - Jak Jl. Jatinegara Barat No. 135 Jakarta Komplek Bekasi Mas Kavling No. Tel. 021-5815328/5331/7420
Ut 14350 Timur D-3, Jl. Ahmad Yani, Bekasi Barat Fax. 021-5812285
Tel. 021-65837804 - 05 Tel. 021-85901177 Tel. 021-8848302/8849314/8848327
Fax. 021-65831246 Fax. 021-85901332 Fax. (021) 8848325 Jakarta-Green Ville
Komplek Green Ville Blok Ay No. 20,
Jakarta-Mitra Sunter Jakarta-Kalimalang Tarum* Bekasi - Cikarang 2 Jakarta Barat 11510
Jl. Yos Sudarso, Komplek Mitra Jl. Tarum Barat HI No. 1, Jl. Niaga Raya Kav. Aa3, Ruko Cbd Tel. 021-5658160-64, 5658121-
Sunter Bulevard Blok B No.7, Kalimalang, Jakarta Timur 13450 Blok Cd No. 6, Jababeka 7849-7216
Sunter, Jakarta 14350 Tel. 021-8656662 Tel. 02129083876- Fax. 021-5656030
Tel. 021-6520125, 6520061, Fax. 021-8642058 880/02144726905
6509216 Fax. (021) 29083876 Jakarta-Grogol Muwardi*
Fax. 021-6520924 Jakarta-Otista Jl. Muwardi Raya No. 7, Grogol,
Jl. Otista Raya No . 151 A Jakarta Bekasi - Lippo Cikarang Jakarta Barat 11450
Timur Ruko Plaza Menteng Blok A No. Tel. 5667010,5640121, 5602540-
Tel. 021-2800418-19 25, Rt 03/Rw.09, Desa Cibatu, Kec. 0794-4518/5604518
Fax. 021-2800639 Lemahabang, (Cikarang Selatan), Fax. 021-5640122
Kab Bekasi Jabar
Tel. 021-89906282
Fax. (021) 71297725

Jakarta-Daan Mogot Baru Tangerang- Pamulang Raya Cikampek-A.yani Cimahi-Cibabat*

Ruko Daan Mogot Baru Jl.tampak Lt Dasar Unit 3A, Gedung Pamulang Jl. Jend. A. Yani No. 37-C, Jl. Raya Cibabat No.349 Cigugur
Siring Kj/G15 Terrace, Jl. Pamulang Raya Blok Cikampek, Karawang 41373 Tengah Cimahi
Tel. 021 -54397168,54397424,54 Sh/14, Kel. Pamulang Barat, Kec. Tel. (0264) 318496/318396 Tel. (022) 6657132,
397149,54397154,54397105,543 Pamulang, Kab. Tangerang Selatan Fax. (0264),315425 6644110,6657133
97088 Banten Fax. (022) 6657134
Fax. 021-54396816 Tel. 021-7416095 Teluk Betung-Pattimura*
Fax. (021) 7416098 Jl. Pattimura No.2-4, Telukbetung BandungJamika
Serang-A. Yani 35221 Jl.jamika No. 11 A, Kel. Jamika,Kec.
Jl.a.yani No.141, Serang Banten Tangerang - Bintaro 2 Tel. 0721-487226 Bojongloa Kaler, Bandung Jabar
Tel. 0254 - 8241291, 8241292, Ruko Bintaro Jaya, Kebayoran Fax. 0721 487250 Tel. (022) 6010850, 6022463,
217023, 217048,217036,217027 Arcane Blok Ka/B2-21, Kel. Pondok 6022456
Fax. 0254-8241293 Jaya Kec. Pondok Aren Kota Teluk Betung-Ikan Hiu Fax. (022)6022445
Tangerang Selatan Banten Jl. Ikan Hiu Blok B 2-4 Teluk Betung
Tangerang-Gading Serpong Tel. 021-29511878 35223 BandungPasir Kaliki
Jl. Blv Gading Serpong Alexandrite Fax. (021) 29511885 Tel. 0721-487334 Jl. Pasir Kaliki No. 154, Bandung
3/9 Fax. 0721-487336 Tel. (022) 4208675, 4211172,
Tel. 021-54213197, 54213198, Tangerang - Bsd Square 4211175
54213201-04 Sunburst Cbd Lot I.1 Jl. Kapten Pringsewu-A.yani Fax. (022) 4211173
Fax. 021-54213199 Soebianto Djojohadikusumo Bsd Jl. Ahmad Yani No.65, Pringsewu
City, Nomor Unit A5a Tangerang 35373. BandungAsia Afrika*
Jakarta - Taman Palem Lestari Indonesia 15322 Tel. 0729-21326/21327 Jl. Asia Afrika No. 180 Bandung
Rukan Taman Palem Lestari Blok A Tel. 021-5374504 Fax. 0729-21426 Tel. (022) 4201505
Ii No. 33 Jl. Kamal Raya Outer Ring Fax. (021) 71297698 Fax. (022) 4201508
Road Cengkareng Jakarta Barat Tanjung Karang-Kartini
-11730 Cilegon-S. A. Tirtayasa* Jl. Kartini No.182, Tanjung Karang BandungGardujati
Tel. 021-55961897/55962458 Jl. Sultan Agung Tirtayasa No. 145, 35111 Jl. Gardujati No. 38 Bandung
Fax. 55961897/55962458 Cilegon 42414 Tel. 0721-262026 Tel. 022-4213566 , 4213676
Tel. (0254) 391769, 380270-271 Fax. 0721-262502 Fax. 022-4213564
Tangerang - Cikupa Fax. 0254-392155
Perumahan Citra Raya Blok L1 Tanjung Karang-Way Halim Bandung-Taman Kopo*
Cikupa, Tangerang Cilegon-Serang* Jl. Kiai Maja Ruko Way Halim No. Komp. Taman Kopo Indah, Ruko
Tel. 02159401434/1377/1000/02159 Jl. Maulana Hasanuddin, Serang 14-15 Kedaton Bandar Lampung 2 & 3 Bdg
400988/02134664419 Plaza Blok I No. 5-6-7, Serang 35141 Tel. (022) 5407163 - 5407167
Fax. (021) 59401434 42112 Tel. 0721-704110 Fax. (022) 5407166
Tel. (0254) 203140 - 43 Fax. 0721783613
Tangerang - Lippo Karawaci Fax. 0254-203144
BandungSumbersari
Ruko Pinangsia Blok M No. 10, Kota Bumi-Sudirman Ruko Sumber Sari Jl. Soekarno
Lippo Karawaci, Tangerang Bogor-Juanda Jl. Jend. Sudirman No.7, Kotabumi Hatta 130 Bdg
Tel. 021-55772507 Jl. Ir. H. Juanda No. 46, Bogor 34516 Tel. (022) 6120790,6120755
Fax. (021) 55770825 16000 Tel. 0724-21076;21990 Fax. (022) 6037836
Tel. (0251) 8329055 Ext 110/D- Fax. 0724-21458
Tangerang - Bsd 2 8356548
Fax. 0251-8322454 BandungKopo
Ruko Golden Madrid 1 Blok A No. 6 Metro Lampung-Sudirman* Jl. Kopo No.26 Bandung
Bsd Tangerang Jl. Jend. Sudirman No.1-3/B, Tel. (022) 6033153 S/D 6033156
Tel. 021-53160231/227 Bogor-Tajur Lampung 34111 Fax. 022-6079915
Fax. (021) 53160231 Jl. Raya Tajur No. 49-B, Bogor Tel. 0725-41404
16720 Fax. 0725-43631
Tel. (0251) 8393413,414,415 BandungSetia Budi*
Jakarta - Mutiara Taman Palem Jl. Dr. Setiabudi 62 Bandung
Ruko Mutiara Taman Palem Blok A3 Fax. 0251-8390637
Bandar Jaya-Proklamator Tel. (022) 2033662 H
No. 20 Cengkareng Timur, Jakarta Jl. Proklamator Raya No.63, Bandar Fax. (022) 2035478
Barat Bogor-Warung Jambu* Jaya 34162
Tel. 021-44726896 Jl. Raya Pajajaran Komplek Ruko Tel. 0725-25002, 25003
- Warung Jambu, Bogor 16153 GarutCiledug*
Fax. 0725-25004 Jl.ciledug No.36 Garut
Tel. (0251) 8322224, 8323843
Fax. 0251-8323822/8323046 Tel. (0262) 238088,238089
Tangerang - Cbd Ciledug Lampung Pangeran Antasari Fax. (0262) 238090
Ruko Cbd Ciledug Blok D No. Jl. Pangerang Antasari No. 5,
35, Ciledug, Tangerang (Samping Bogor - Graha Cibinong Bandar Lampung
Carrefour) Ruko Graha Cibinong Blok D3, S U B A N GOtista*
Tel. 0721255587/0721255754/0721 Jl. Otista No. 65 Subang
Tel. 0217306979,0217306984,02173 Komplek Graha Cibinong, Jl. 255764/0721255797/0721255797/0
06988,0217306996,0217306998,02 Raya Jakarta Bogor Km.43, Kel. Tel. (0260) 411398 (Hunting 3 Line)
721255606/07217409054 Fax. (0260) 411035
17306999, 02144726906 Cirimekar, Kec. Cibinong, Kab. Fax. (0721) 255754
Fax. (021) 7306979 Bogor
Tel. 021- Pamanukan-Ion*
Tangerang - Jend. Sudirman 87918721/87913717/87913652 Region 2 Jl. Ion Martasasmita No. 14
Ruko Tangerang City Blok Ano. 37, Fax. 021- Pamanukan
Jl. Jend.sudirman No. 1, Tangerang 87918721/87913717/87913652 Tel. 0260-551444, 0260-551608
Bandung-Merdeka Fax. 0260-551593
Tel. 021-29239752/53 Jl. Merdeka No.40, Bandung
Fax. (021) 29239751 Karawang-Tuparev Tel. (022) 4223344 Ext.5600
Jl. Tuparev Komplek Karawang Fax.(022) 4200717 PurwakartaMartadinata*
Rangkasbitung - Hadiwinangun Plaza Ruko No. 5-6, Karawang Jl. Re Martadinata No. 7 Purwakarta
Jl. Rt. Hadiwinangun, Komplek 41312 Tel. (0264) 202-491, 492, 493, 494,
BandungOtista* 201-963
Rabinza Blok A No. 1, Kel. Muara Tel. (0267) 405533-566-588-239,
Jl. Oto Iskandardinata No. 22 Bdg Fax. (0264) 202495
Ciujung Timur, Kec. Rangkasbitung, D-404494
Tel. (022)4241580 (Ext.3101)
Kab. Lebak 42314 Fax. 0267-408241
Fax. (022) 4213428
Tel. 0252-209280/279 Bandung - Riau
Fax. (0252) 209283 Rengasdengklok Jl. Re. Martadinata No. 136 (Jl. Riau
Bandung-Pasar Baru No. 136), Bandung
Jl. Raya Rengasdengklok No.111,
Jl. Otto Iskandardinata No.70 Lt.2 Tel. (022) 7106222
Tangerang - Mutiara Raya Rengasdengklok -Karawang 41352
Blok D2-05 Bdg Fax. (022) 7231422
Pasar Modern Mutiara Blok D-17 Tel. (0267) 482659, 482601
Tel. (022)
Dan D-18, Jl. Mutiara Raya No. 1, Fax. 0267-482017
4246700,4246701,4245959
Tangerang Fax. (022) 4246702 Bandung - Taman Kopo Indah II
Tel. 021-55651602 Bekasi-Cikarang* Taman Kopo Indah Ii 1B No.26
Fax. (021) 55651621 Gedung Eks Tamara, Bandung
BandungSetrasari Mall Tel. (022) 5405699
Jl. RE Martadinata No. 9, Cikarang,
Komp. Ruko Setrasari Mall B.2 No Fax. (022) 5421430
Tangerang -Alam Sutera 2 Bekasi 17530
21 Bandung
Jl. Jalur Sutera 29 D No. 21, Tel. 021-8904341/8901445
Tel. (022) 2016002,2016004,05
Pakualam, Kec. Serpong Utara, Fax. 021-8904343
(Hunting) Direct 2016003
Tangerang Selatan, Banten Fax. (022) 2016001
Tel. 021-36033752
Fax. 021-36033752 * Include Syariah Office Channeling

Sumedang -Abdul Rachman Cirebon - Tegal Wangi MojokertoMojopahit Surabaya - Kembang Jepun*
Jl. Mayor Abdulrachman No. 129, Jl. Raya Tegal Wangi No. 19 E, Kab. Jl. Mojopahit No. 282 Kel. Mentikan Jl.kembang Jepun No.43 Surabaya
Sumedang Cirebon Kec. Prajurit Kulon Kab. Mojokerto Tel. (031) 3577743
Tel. 0261-204426 Tel. 0231321530/531/536/02313250 Tel. (0321) 324295 Fax. (031) 3556676
Fax. 0261-204416 57/0231325171/02312579551 Fax. (0321) 395733-34
Fax. 0231-320536 Surabaya - Dharmahusada*
Bandung-Adira Soekarno Hatta SurabayaCoklat* Jl.Dharmahusada No.168 Surabaya
Gedung Adira, Jl. Soekarno Hatta Majalengka- Abdul Halim Jl. Coklat No. 8, Surabaya Tel. (031) 5929484
380 Bandung Jl. Kh. Abdul Halim No. 228, Tel. (031)3524091-3 H -, 3557843 Fax. (031) 5929485
Tel. 022-61684213 Majalengka -D
Fax. 022-61684214 Tel. 0233-3406228 Fax. (031) 3551352 Gresik - Usman Sadar
- Jl.usman Sadar No.37 Gresik
BandungMerdeka* SurabayaGenteng Tel. (031) 3976284
Jl. Merdeka No. 40 Bandung Jl. Genteng Besar No. 78, Surabaya Fax. (031) 3976283
Tel. (022)4223344 Ext 5600 Region 3 Tel. (031) 5324526 - 8
Fax. 022-4200717 Fax. (031) 5324529 Pusat Grosir Surabaya (Pgs)
Surabaya-Gubernur Suryo* Jl. Dupak No. 1 Pusat Grosir
Bandung-A. Yani* Jl. Gubernur Suryo No. 12, SurabayaKapas Krampung* Surabaya (Depan Pasar Turi) Lt.
Jl. Ahmad Yani No. 638 Bdg Surabaya Jl. Kapas Krampung No. 106, Dasar Blok J-3 No. 1,2,3 Surabaya
Tel. (022) 7200010 (H) , 7216924(D) Tel. (031) 5346690 (Direct), 5312126 Surabaya Tel. (031) 52403991, 52403992
Fax. (022) 7201194,7208493 Ext. 1116 Tel. (031) 5032201 - 02 Fax. (031) 52403902
Fax.(031) 5340783 Fax. (031) 5032206
BandungBuah Batu Surabaya - Stasiun Kota
Jl. Buah Batu No. 166 Bdg SurabayaJemur Andayani* SurabayaPasar Turi Jl. Pasar Atum Mall Stand No
Tel. (022)-7300217, 7305731, Jl. Jemur Andayani 46 B-C, Komp. Sinar Galaxy B-70 Surabaya C45-C48 Lantai 4, Jl Stasiun Kota
7311901, 7311936 Surabaya Tel. (031) 3532473-3532474, ,Surabaya
Fax. (022) 7312988/7311654 Tel. (031) D 8411511, 8432344 3559274 Tel. (031) 3536440
Fax. (031) 8411512 Fax. (031) 3559275 Fax. (031)-3536441
BandungPungkur*
Jl. Pungkur No. 118 Bandung GresikKartini* SurabayaMulyosari Surabaya-Grand City Mall
Tel. (022)- 5210719 - 22 (Hunting) Jl. R.A. Kartini No. 236/5 Gresik Jl. Raya Mulyosari 134, Pb 14 Grand City Unit Lg.01 Jl. Gubeng
Fax. (022) 5208352 61122 Surabaya Pojok No. 1
Tel. (031) 3985638 - 39 Tel. (031) 5932932-33 Tel. 03-5116 7033
Fax. (031) 3985640 Fax. (031) 5932712 -
BandungJuanda
Jl. Ir, Juanda No.64, Bandung
Tel. (022) 4204462 (Hunt) 022- SurabayaDarmo* SurabayaRajawali Surabaya- Margomulyo*
4211945 (D) Jl. Raya Darmo No. 59, Surabaya Jl. Rajawali 51-B Surabaya Jl. Raya Margomulyo No. 9 Blok Aa
Fax. (022) 4211947 Tel. (031) 5671035 - 42, 5674806-D Tel. (031) 3535028, 3574358/9 No. 10, Kel. Balongsri, Kec. Tandes,
Fax. (031) 5618716 Fax. (031) 3535029 Kota Surabaya Jatim
SukabumiA.yani* Tel. 03188404848
Jl. Jend. Ahmad Yani No. 30 SurabayaDiponegoro BangkalanTrunojoyo* Fax. (031)88404850
Sukabumi Jl. Diponegoro No. 160, Surabaya Jl. Trunojoyo No. 39B, Bangkalan
Tel. (0266) 221188 Tel. (031) 5682605, 5682604, Tel. (031) 3097979, 3098001, Pgb Surabaya - Panglima
Fax. 0266 215802 5685340 3096769 Sudirman
Fax. (031) 5682613 Fax. (031) 3096772 Jl. Panglima Sudirman 11-17,
Cianjur-Cokroaminoto* Surabaya
Jl.hos.cokroaminoto No.36 Cianjur SurabayaHr Muhammad* Sidoarjo-Sepanjang* Tel. 031-547 4613, 534 6885
Tel. (0263) 264030,264060,264070, Jl. HR Muhammad 86 C-D, Jl. Raya Bebekan 24 Sepanjang Fax. 031-547 4613
264090,264107 Surabaya Jatim
Fax. (0263)264055 Tel. (031)7341182-83 Ext 12, Tel. 031) 7870356 - 58 JombangKh.wahid Hasyim*
7343810-D Fax. (031) 7870360 Jl. Kh Wahid Hasyim 121, Jombang
Fax. (031) 7341181 Tel. (0321) 862124 - 25
Cipanas-Raya Cipanas
Jl. Cipanas Raya No. 66 Cipanas Surabaya-Bukit Darmo Boulevard Fax. (0321) 861245
Tel. (0263)514585, 514106,514107 SurabayaKedungdoro Bukit Darmo Golf Boulevard Blok
Fax. (0263) 516711 Jl. Kedungdoro No. 97 Surabaya B1-25 Surabaya MalangKawi*
Tel. (031) 5320962 - 63 Tel. (031) 7346895 Jl. Kawi No. 15, Malang
Fax. (031) 5327750 Fax. (031) 7320131 Tel. (0341) 367766
Bandung-Suropati
Jl. Surapati No.86 Bandung Fax. (0341) 369314
Tel. 022-7272568 SurabayaKertajaya Surabaya-Kusuma Bangsa
Fax. 022-7235978 Jl. Kertajaya No. 141, Surabaya Jl. Kusuma Bangsa No 90, Batu-Dewi Sartika
Tel. (031) 5031411, 5031412 Surabaya Jl. Dewi Sartika No. 8 A Batu
Fax. (031) 5033611 Tel. (031) 5323968 Malang
TasikmalayaYuda Negara*
Jl.yudanegara No.40 Tasikmalaya Fax. (031) 5479791 Tel. (0341) 593795 - 96
Tel. (0265)332151 , (0265)327977 SurabayaKlampis Fax. (0341) 593794
Fax. (0265) 331498 Jl. Klampis Jaya No.136 Surabaya Surabaya - Mayjen Sungkono*
Klampis Jl.Mayjen Sungkono No.75 Lawang-Thamrin
Tel. (031) 5928570/65/69, 5991834 Surabaya Jl. Raya Thamrin No. 55 Lawang
Cirebon-Yos Sudarso* Fax. (031) 5994861
Jl. Yos Sudarso No. 33 Cirebon Tel. (031) 5681889 Malang
Tel. (0231) 242278 (H) Fax. (031) 5681869 Tel. (0341) 425465,424191(D)
Fax. (0231) 208145/208146 SurabayaManyar Indah Fax. (0341) 427559
Komp. Pertokoan Manyar Indah Surabaya - Perak Barat
Plaza Kav. A-3 , Jl. Ngagel Jaya Jl.perak Barat No.261 Surabaya PasuruanSoekarno Hatta*
Ciledug-Merdeka Selatan-Surabaya
Jl. Merdeka Barat No. 60 Ciledug Tel. (031) 3291808 Jl. Raya Pasuruan Pertokoan Ps.
Tel. (031) Fax. (031) 3284675 Besar A 28-29, Pasuruan
Tel. 0231-661867,662591,661868 5044111/5044375/5044376
Fax. 0231-661869 Tel. (0343) 427301- 03, 428823
Fax. (031) 5044374 Fax. (0343) 427304
Surabaya - Margorejo Indah
KuninganSiliwangi* Jl.margorejo Indah No.90 Surabaya
SidoarjoA.yani* Tel. (031) 8414644 Pasuruan-Pandaan
Jl. Siliwangi Ruko No. 35-36 Jl. A. Yani No.7, Sidoarjo
Kuningan Fax. (031) 8414766 Jl. Raya Jogonalan 32, Pasuruan-
Tel. (031) 8961031-2, 8957365-D Pandaan
Tel. (0232) 872426 (Hunting) Fax. (031) 8921573
Fax. (0232) 872425 Surabaya - Pucang Anom Tel. (0343) 632897, 632641
Jl.pucang Anom Timur No.5 B Fax. (0343) 632751
SidoarjoKrian Surabaya
Cirebon - Kartini Komp. Ruko No. 12, Jl. Raya Krian,
Jl. Kartini No.37, Cirebon Tel. (031) 5018558 LumajangSudirman
Sidoarjo Fax. (031) 5018884 Lumajang Plaza A - 02 Jl. PB
Tel. 0231-220210,220212 Tel. (031) 8972152 - 54
Fax. 0231-220211 Sudirman 2A, Lumajang
Fax. (031) 8972155 Tel. (0334) 884117 - 19
Fax. (0334) 884120

ProbolinggoSudirman* BanyuwangiGenteng Singaraja-A. Yani* Manggarai-Adi Sucipto

Jl. Raya PB Sudirman No. 209 Pertokoan Genteng Blok B 5-6, Jl. A. Yani No. 46, Singaraja Jl. Adi Sucipto 88A, Ruteng, Ntt
Probolinggo Lt.1 , Banyuwangi Tel. (0362) 25726 - 29 Tel. 0385-2709281
Tel. (0335) 420526 28/431589 Tel. (0333) 845833 Fax. (0362) 21891 -
Fax. (0335) 420529 Fax. (0333) 845883
Klungkung-Nakula Kupang - Sudirman
Malang - Letjen Sutoyo* BanyuwangiRogojampi Jl. Nakula No. 28 Semarapura, Jl. Jend. Sudirman No. 88 C- D
Jl.letjend Sutoyo No.124 Malang Jl.raya Rogojampi 74 Rogojampi Klungkung Kel. Kuanini, Kec. Kota Raja, Kota
Tel. (0341) 4345940 - 46 Ext 3010 Banyuwangi Tel. (0366) 23531, 29320, 29321 Kupang Ntt
Fax. (0341) 4345947 Tel. (0333) 635860-61 Fax. (0366) 23530 Tel. 0380-8081563
Fax. (0333) 635862 -
Malang - Sutan Syahrir* Denpasar - Ubud
Jl. Sutan Syahrir No.15 Malang Situbondo - Achmad Yani Jl. Ida Bagus Manik, Banjar Kupang - Sudirman
Tel. (0341) 351500 Jl. Achmad Yani 171, Situbondo, Ambengan, Peliatan Ubud, Jl. Jend. Sudirman No. 88 C- D
Fax. (0341) 351499 Jawa Timur Denpasar Kel. Kuanini, Kec. Kota Raja, Kota
Tel. 0338675201/205/206/211/22 Tel. (0361) 975405 Kupang Ntt
KediriBrawijaya* 1/0335673671/0338674324/0338 Fax. (0361) 975247 Tel. 0380-8081563
Jl. Brawijaya No.33 Kediri Jawa 5559549 -
Timur Fax. (0338)-675221 Badung - Kerobokan
Tel. (0354) 684608-H, 690330-D Jl. Raya Kerobokan, Desa
Fax. (0354) 684844 TubanLukman Hakim Kerobokan Kelurahan Badung, Kec. Region 4
Jl. Lukman Hakim No. 62, Tuban Kuta Utara, Bali
Kediri - Pare* Tel. (0356)324095/94,323644 Tel. (0361)730084, 731718 Makassar-A.Yani*
Jl. Mastrip No. 44, Pare Kediri Fax. (0356) 324094 Fax. (0361) 731189 Jl. A. Yani No. 11-13, Makassar
Tel. ((0354) 394346, 391690 Tel. (0411) 312745, 327859
Fax. (0354) 394346 BojonegoroSuropati Badung -Gatot Subroto Barat Fax.(0411) 312776
Jl. Untung Suropati No. 26, Jl. Gatot Subroto Barat 354,
NganjukA.yani Bojonegoro Badung MakassarA.yani
Jl. Achmad Yani No. 76, Nganjuk Tel. (0353) 881979 Tel. 0361-7803630 Jl.a.yani No.11- 13, Makassar
Tel. (0358) 328926, 321026, 323896 Fax. (0353) 881556 - Tel. (0411) 3612745, 3627859
Fax. (0358) 323890 Fax. (0411) 312776
Pamekasan-Trunojoyo* Gianyar-Dharma Giri
BlitarMerdeka* Jl. Trunojoyo No. 63, Pamekasan Jl. Dharma Giri No. 21, Gianyar-Bali Makassar-Mall
Jl. Merdeka 28 Kav.4-5, Blitar Madura Tel. 0361 - 8958328 Jl. Kh. Ramli No. 89, Makassar
Tel. (0342) 807684, 803003, 801500 Tel. (0324) 326995 - 96 Fax. 0361-8958332 Tel. (0411) 331896, 326990
Fax. (0342) 803004 Fax. (0324) 323989 Fax. (0411) 332580
MataramPejanggik*
MadiunCokroaminoto* Denpasar-Gunung Agung Jl. Pejanggik 117, Mataram Ntb Makassar-Slamet Riyadi*
Jl. Hos Cokroaminoto 124-126 Jl. Gunung Agung No. 1 A, Tel. (0370) 635649, 631322 - 23 Jl. Slamet Riyadi No. 1, Makassar
Madiun Denpasar Fax. (0370) 633068 Tel. (0411) 334177,317121
Tel. (0351) 457930 - 32 Tel. (0361) 436490 Fax. (0411) 327082,323983
Fax. (0351) 455940 Fax. (0361) 436494 Mataram-Sweta
Jl. Sandubaya No 35. Bertais Sweta MakassarLatimojong*
NgawiJ.a. Suprapto DenpasarDiponegoro* Mataram Jl.g.latimojong No.22, Makasar
Jl. Jaksa Agung Suprapto No. 19, Jl. Diponegoro No. 137 Denpasar Tel. (0370) 671260 Tel. (0411) 314471. 314482
Ngawi Tel. (0361) 262860, 237084 Fax. (0370) 671095 Fax. (0411) 314474
Tel. (0351) 746562-63-H, 745912-D Fax. (0361) 262859
Fax. (0351) 746564 Ampenan-Koperasi SungguminasaW.hasyim*
Denpasar-Hayam Wuruk* Jl. Koperasi No. 1, Ampenan Ntb Ruko Plaza Balla Lompoa Blok
MagetanA.yani Jl. Hayam Wuruk No. 246, Denpasar Tel. (0370) 637188 - 89 C1, Jl. Kh. Wahid Hasyim,
Jl. Jend. A. Yani No. 75, Magetan Tel. (0361) 224312 (H) Fax. (0370) 635772 Sungguminasa
Tel. (0351) 892481, 894467 Fax. (0361) 224307 Tel. (0411) 8220471 - 472
Fax. (0351) 894466 Sumbawa-Diponegoro Fax. (0411) 8220467
DenpasarNusa Dua Jl. Diponegoro No. 26 Kel. Bugis,
PonorogoGajah Mada* Jl. By Pass Ngurah Rai, Depan Kec. Sumbawa, Kab. Sumbawa Makassar-Sulawesi*
Komplek Pertokoan Gajah Mada Komplek Pertokoan Tragia - Nusa Prop. Ntb Komp. Pasar Butung Ruko Blok S
Kav,42-45 Ponorogo Dua, Bali Tel. (0371) 23302, 23347,24107 No. 10-11. Jl. Sulawesi
Tel. (0352) 482576,482577,482578 Tel. (0361) 774156-59 Fax. (0371) 23302 Tel. (0411)
Fax. (0352) 486809 Fax. (0361) 771535 3625397,3625398,3625045
Bima - Soekarno Hatta Fax. (0411) 325425
TulungagungKasihin* DenpasarTeuku Umar Jl. Soekarno Hatta 83, Bima
Jl. Kapten Kasihin No. 157, Jl. Teuku Umar 121 C, Denpasar Tel. 0374-646077 MakassarPanakukang
Tulungagung Tel. (0361) 243919 - 21 - Jl.boulevard Ruko Jasper Ii/24-25,
Tel. (0355) 322096 - 97,322098-D Fax. (0361) 224967 Makassar
Fax. (0355) 322095 Kupang-Sumatera Tel. (0411) 422505, 422515
Denpasar-Gatot Subroto Jl. Sumatera No. 43, Kupang, Ntt (0411) 422510 - Direct
Jl. Gatot Subroto No.79, Denpasar Tel. (0380) 832972, 831700 (H) Fax. (0411) 422509
Kediri-Kilisuci
Jl. Kilisuci A 11 Kediri Tel. (0361) 429003 - 422086 825753 (D)
Tel. (0354) 693456 Fax. (0361) 427829 Fax. (0380) 831702 MakassarPannampu
Fax. (0354) 692111 Jl.tinumbu No.321, Makasar
Kuta-Legian Maumere-Raya Centis Tel. (0411) 448181
Jl. Raya Legian No. 87 Kuta Jl. Raya Centis No. 15 Maumere Fax. (0411) 443838
JemberGajah Mada*
Jl. Gajah Mada No. 84 Jember Tel. (0361) 754479 - 751908 Tel. (0382) 22021-24, 22294-95
Tel. (0331)486165 Fax. (0361) 753746 Fax. (0382) 22021 MakassarCendrawasih
Fax. (0331) 485303; Jl.cendrawasih No.240, Makasar
Tabanan-Gajah Mada Atambua-Sudirman Tel. (0411) 853931,853935
Jl. Gajah Mada No. 81, Tabanan Jl. Jend. Sudirman No. 26, Atambua Fax. (0411) 871661
Situbondo - Besuki
Jl. Pattimura No. 578, Besuki Tel. (0361) 813457 - 58, 814450 Ntt
Situbondo Fax. (0361) 813459 Tel. (0389) 21534 Makassar-Perintis Kemerdekaan
Tel. (0338) 892371, 891954 Fax. (0389) 54123;21543 Jl. Perintis Kemerdekaan Km. 8,
Fax. (0338) 891953 Negara-Ngurah Rai Tamalanrea Makassar
Jl. Ngurah Rai No. 101, Negara Ende-Soekarno Tel. (0411) 588058, 588060, 583040
Tel. (0365) 40498, 42361- 63 Jl. Soekarno No. 77, Ende Ntt Fax. (0411) 588073
BanyuwangiA.yani*
Jl. Jend A. Yani No.41, Banyuwangi Fax. (0365) 42361;42364 Tel. (0381) 22408, 22410, 22603
Tel. (0333) 425212 - 13, 411362 Fax. (0381) 22409
Fax. (0333) 421859

Makassar-Veteran Selatan Kendari-Mt. Haryono ManadoSutomo Ternate

Jl. Veteran Selatan No. 455C - 455 Jl. Mt. Haryono No.12-14, Kendari Jl.dr.sutomo No.62, Manado - Jl. Boulevard Ruko Jatiland Kel.
D, Makassar Tel. (0401) 3195896, Sulawesi Utara Gamalama, Kec. Kota, Ternate
Tel. (0411) 831132 (Direct), 831450 3195897,3195901 Tel. (0431) 868122 Tengah
(Hunting) Fax. (0401) 395898 Fax. (0431) 860772 Tel. (0921) 3122082, 3123626,
- 3123250
Bau-BauYos Sudarso Manado-Bahu Mall Fax. (0921) 3123626
Pare-PareHasanudin Jl. Yos Sudarso No. 17, Bau-Bau Jl.walter Monginsidi, Bahu Mall,
Jl.st.hasanudin No.50, Pare-Pare Tel. (0402) 2823108, 2823109 Blok S No 8 Manado
Tel. (0421) 22322, 22234 (0402) 2825956 - Direct Tel. (0431) 841621, 841625 Region 5
Fax. (0421) 22111 Fax. (0402) 2823113 Fax. (0431) 841626
Balikpapan-Sudirman No. 54
PinrangA.makasau Kolaka-Chairil Anwar Manado-Ranotana Balikpapan
Jl.andi Makasau No.34, Pinrang Jl. Chairil Anwar No. 25, Kolaka, Jl.s.ratulangi No.399, Ranotana, Tel. (0542) 733134-8, 730016,
Tel. (0421) 922171,922708 Sulawesi Tenggara Manado - Sulawesi Utara 736887 (D)
Fax. (0421) 922172 Tel. 04052721201 Tel. (0431) 870420, 855235 Fax.(0542) 736401
- Fax. (0431) 841948
RantepaoDiponegoro Banjarmasin-Lambung
Jl. Diponegoro No.33, Rantepao, AmbonDiponegoro Manado-Toar Mangkurat*
Tana Toraja, Sulawesi Selatan Jl.diponegoro No.34, Ambon Jl. Toar No. 17, Manado - Sulawesi Jl. Lambung Mangkurat No. 50,
Tel. (0423) 21141, 21143, 21150, Tel. (0911) 354063 - 66 (Hunting) Utara Banjarmasin
23750 (0911) 354384 (Direct) Tel. (0431) 860523, 860524 Dan 525 Tel. (0511) 4366824 - 25, 4366836
Fax. (0423) 21144, 23725 Fax. (0911) 354062 Fax. (0431) 860526 Fax. (0511) 4366847, 4366847
MakaleMerdeka Masohi-A.soulissa Minahasa-Tomohon Banjarmasin-A. Yani

Jl.merdeka No.30, Makale Jl.abd.soulissa No.111, Masohi Jl.raya Tomohon No.40A, Tomohon, Jl. A.yani Km. 2.5 No. 81,
Tel. (0423) 24222-24310 Tel. (0914) 22120 - 21. 21220 Minahasa - Sulawesi Utara Banjarmasin
Fax. (0423) 24220 Fax. (0914) 22119 Tel. (0431) 351970, 351971 Tel. (0511)3266278-80 (H)
Fax. (0431) 351972 (0511)3257422 (D)
Fax. (0511)3266282
Palopo-Rambutan Ambon-Batu Merah
Ruko Terminal Blok E No.1-2 Jl. Ruko Batu Merah Blok 1 No. 225- BitungYos Sudarso
Rambutan Kotamadya Palopo 226, Ambon, Maluku Jl. Yos Sudarso No. 76, Bitung - Banjarmasin-Pasar Baru*
Tel. (0471) 21900. 22349 Tel. 0911- 354064, 0911 - 341966 Sulawesi Utara Jl. Pasar Baru Indah Blok 4A,
Fax. (0471) 23540 Tel. (0438) 30110 - 31120 Banjarmasin
Fax. (0438) 30164 Tel. (0511) 3358601,3358895
Fax. (0511) 3356801
SidrapSudirman JayapuraA.yani
Jl.jend Sudirman No. 48, Sidrap Jl.a.yani No.9,Jayapura Years oldaHasanudin
Tel. (0421) 91848 Tel. (0967) 531714/5 Jl.st.hasanudin No.65, Years olda - Banjar Baru - A. Yani*
Fax. (0421) 91849 Fax. (0967) 531711 Sulawesi Utara Jl. A. Yani Km 34, No 31 Banjarbaru
Tel. (0432) 22537, 22538 Tel. (0511) 4780023-24, 4780405
Fax. (0432) 22540 Fax. (0511) 4780028, 4782850
BoneAgus Salim Abepura-Raya Abepura
Jl.agus Salim No.1, Bone Ruko Abepura, Jl. Raya Abepura,
Tel. (0481) 22213. 22073, 21666 Kotaraja GorontaloA.yani Bjm Brigjen H. Hasan Basri
Fax. (0481) 21923 Tel. (0967) 584580, 584367 - 68 Jl.a.yani No.58, Gorontalo Jl. Brigjen H. Hasan Basri No. 47 D
Fax. (0967) 584366 Tel. (0435) 824137, 823961, 822569 Rt 17, Banjarmasin
Fax. (0435) 824138 Tel. (0511) 3304653
BulukumbaSam Ratulangi
Fax. (0526) 2030137
Jl. Sam Ratulangi Kel Caile Kec. MeraukeMandala
Ujung Bulu Kab, Bulukumba, Jl.raya Mandala No.71, Merauke Kotamobagu-Kartini
Sulawesi Selatan Tel. (0971) 323261 - 64 Jl.kartini No.203, Kotamobagu - Tabalong - Pangeran Antasari
Tel. (0413) 82068 Fax. (0971) 324343 Sulawesi Utara Jl. Pangeran Antasari Rt. 1, Tanjung
Fax. (0413) 82069 Tel. (0434) 22007, 21023 - Tabalong
Fax. (0434) 22340 Tel. 0526-2030154
NabireYos Sudarso
Fax. (0511) 3304589
MarosSudirman* Jl.yos Sudarso No.12, Nabire Irian
Jl. Jend. Sudirman Ruko Anjali Jaya Palu - Hasanudin
No.3-4, Maros, Sulawesi-Selatan Tel. (0984) 23166 - 68 Jl.st.hasanudin No.27, Palu - Kotabaru - Putri Ciptasari
Tel. (0411) 372216 Fax. (0984) 23169 Sulawesi Tengah Jl. Putri Ciptasari 8-10 Kota Baru
Fax. (0411) 372217 Tel. (0451) 423452, 423903 Tel. (0518) 22256-7, 22257
Fax. (0451) 423813, 853136 Fax. (0518) 21254, 21905
Sentani - Kemiri
WajoRA. Kartini Ruko Sentani Jayapura, Jl. Raya
Jl.RA.kartini No.124 - 126, Wajo Kemiri No.541, Sentani, Jayapura Palu - Gajah Mada Kotabaru-Batu Licin
Tel. (0485) 22277. 21276 Tel. (0967) 593995, 593962, Jl. Gajah Mada No. 136, Palu - Jl. Raya Batu Licin No. 2-3 Batu
Fax. (0485) 21900 593963 Sulawesi Tengah Licin, Kotabaru
Fax. (0967) 593995 Tel. (0451) 454911 Tel. (0518) 70777, 70779
Fax. (0451) 454912 Fax. (0518) 70778
Polman-Sudirman
Jl.jend. Sudirman No.88, Kec. TimikaYos Sudarso
Wonomulyo, Polman Jl. Yos Sudarso No. 12, Timika, Luwuk-Banggai Samarinda-Sudirman
Tel. (0428) 51822, 51823 Papua Jl.a. Yani No.104, Luwuk Banggai - Jl. Jend. Sudirman No. 31
Fax. (0428) 51824 Tel. (0901) 322766, 322244 Sulawesi Tengah Samarinda
Fax. (0901) 321462 Tel. (0461) 22960, 22957, 22931 Tel. (0541) 732832 - 5, 732837,
Fax. (0461) 22959 205449 (Direct Bsm)
Mamuju-Emmy Saelan
Fax. (0541) 732831, 205448
Jl. Emmy Saelan No. 39, Binanga ManokwariYos Sudarso
- Mamuju Jl.yos Sudarso No.41 E/F, Parigi Masigi
Tel. (0426) 21487 Manokwari Papua Jl.trans Sulawesi No.27, Parigi - Samarinda-Citra Niaga
Fax. (0426) 21296 Tel. (0986) 213782 - 84 Sulawesi Tengah Jl. Mulawarman No. 27 Rt 28, Kel.
Fax. (0986) 213785 Tel. (0450) 21658, 21662 Pelabuhan, Kec. Samarinda Ilir,
Fax. (0450) 21659 Kotamadya Samarina, Provinsi
PangkepKemakmuran*
Kaltim
Jl.kemakmuran No.16, Pangkep SorongA.yani
Tel. (0541) 741802, 202021
Tel. (0410) 21925. 21926 Jl. Jendral Ahmad Yani, Kel Remu Toli-Toli Usman Binol
Fax. (0541) 741803
Fax. (0410) 21927 Utara, Kec. Sorong, Papua Barat Jl.usman Binol No.43, Toli-Toli -
Tel. (0951) 324817 Sulawesi Tengah
Fax. (0951) 324817 Tel. (0453) 23100. 23200. 23201 Samarinda Pahlawan
KendariSam Ratulangi
Fax. (0453) 23202 Jl. Pahlawan Rt.032, Kel. Dadi
Jl. Sam Ratulangi No 183 - 185,
Mulya Kec. Samarinda Ulu
Mandonga, Kendari BiakImam Bonjol
Samarinda
Tel. (0401) 3131721 Jl.imam Bonjol No.34, Biak
Tel. (0541) 768531
Fax. (0401) 3131729 Tel. (0981) 24023 - 25
Fax. (0541) 768533
Fax. (0981) 24026

Samarinda-Lambung Mangkurat* Sampit-Mayjen Sutoyo Region 6 Medan-Tomang Elok

Jl. Lambung Mangkurat No.01 Jl. Mayjend. Sutoyo No 86, Sampit Komp.tomang Elok Blok Bb
Rt.24/25 Kel.pelita, Kec Samarinda Tel. (0531) 23040 No.98,Seikambing,Medan
Medan-Diponegoro*
Utara, Samarinda, Kal-Tim. Fax. (0531) 24833 Tel. 061-8466150
Jl. Diponegoro No. 35
Tel. (0541) 7772929 (Cs Ext : 3111) Fax. 061-8466130
Medan, Sumatera Utara 20152
Fax. (0541) 7773100 Pangkalan Bun - Antasari Tel. (061) 4552000
Jl. P. Antasari No. 5 Pangkalan Bun Fax.(061) 4526485 Medan-Setiabudi
Balikpapan-Sudirman Tel. (0532) 23165, 23433 Jl.setiabudi No.4 Medan
Jl. Jend.sudirman No. 54 Fax. (0532) 24843, 23164 Tel. 061-8216100
Medan-Binjai*
Balikpapan Fax. 061-8225747
Jl. Jend. Sudirman No.60, Binjai -
Tel. (0542) 733134-8, 730016, Pontianak-Tanjung Pura Sumatera Utara Kode Pos 20711
736887 (Direct Bsm) Jl. Tanjung Pura No. 102, Pontianak Medan-Katamso
Tel. 061 - 8821059
Fax. (0542) 736401 Tel. (0561) 730898 Ruko Kampung Baru Katamso,
Fax. 061-8829039
Fax. (0561) 736264 Jl.katamso No.731 A Medan
Balikpapan-Pandansari Tel. 061-7870997 (H)
Medan-Tanjung Pura
Jl. Pandan Sari No. 7 Balikpapan Pontianak-St. Muhammad Fax. 061-7870897
Jl. Pemuda No. 20, Tanjungpura -
Tel. (0542)-413294, 413293, 441182 Jl. St. Muhammad No. 173, Sumatera Utara (20853).
(Direct Bsm) Pontianak Medan-Asia
Tel. 061 - 8960433
Fax. (0542) 440716 Tel. (0561) 731156 Jl. Asia 184C, Medan
Fax. 061 - 8960801
Fax. (0561) 734462 Tel. 061 - 7349644
Tanah Grogot-Ra. Kartini Fax. 061 - 7354422
Stabat-Zainal Arifin
Jl. R.a Kartini No. 42 Tanah Grogot Siantan-Khatulistiwa Jl. Zainal Arifin 774, Stabat Kab.
Tel. (0543) 22745, 21043, 22734 Jl. Khatulistiwa No. H- 99, Siantan Medan-A. Yani
Langkat
Fax. (0543) 22747 Tel. (0561) 883033, 881761, 881762 Jl. Ahmad Yani No. 74, Medan -
Tel. 061 - 8912160
Fax. (0561) 882402 Fax. 061 - 8912156 Sumatera Utara 20111
Balikpapan - A. Yani Tel. 061 - 4519339
Jl. Jend. A. Yani No.8 Rt.002 Karang Pontianak-Seipinyuh Fax. 061- 4158935
Medan-Diponegoro
Jati, Balikpapan Jl. Jurusan Pontianak, Sungai Jl. P. Diponegoro No. 35, Medan -
Tel. (0542)-7209977-79(H), 7209975 Pinyuh (Depan Spbu Sei Pinyuh), Tanjung Morawa
Sumatera Utara 20152
(Bsm) Pontianak Jl. Irian 111, Deli Serdang/Tj.
Tel. 061 - 4552000
Fax. (0542) 7209980 Tel. (0561) 652868, 652869 Morawa - Sumatera Utara, 20362
Fax. 061-4526485
Fax. (0561) 652870 Tel. 061 - 7945929
Kh. Ahmad Mukhsin (D/H Fax. 061-7945778
Medan-Pemuda*
Tenggarong-Maduningrat) Singkawang-Niaga Jl. Pemuda No. 5 A-D, Medan -
Jl. Kh. Ahmad Mukhsin No. 19 Rt Jl. Niaga No. 5-7, Singkawang Medan-Citra Garden
Iv Kel. Timbau, Kec. Tenggarong Tel. (0562) 634275, Jl. Citra Garden Blok B1-20, Medan
Tel. 061 - 4154611
Kab. Kutai Katanegara, Provinsi Fax. (0562) 634276 Tel. 061-77164292
Fax. 061-4566358
Kalimantan Timur Fax. (061) 8214460
Tel. (0541) 662633, 200116
Fax. (0541) 662124 Pemangkat-M.hambal Medan-Pusat Pasar
Jl. Muh. Hambal No. 48, Pemangkat Jl. Pusat Pasar No.p 187, Medan - Deli Serdang-Sutomo
Tel. (0562) 242222,242288 Sumatera Utara Jl . Sutomo No. 85 , Lunuk Pakam,
Tarakan-Yos Sudarso Fax. (0562) 2422123 Kab. Deli Serdang
Tel. 061 - 4156006
Jl. Yos Sudarso No. 30 Tarakan Tel. 061-7955780
Fax. 061-4159782
Tel. (0551) 24648, 50, 25947 (Direct Fax. (061) 7955780
Bsm) Pontianak-Kh. Wahid Hasyim
Fax. (0511) 22531 Jl. KH. Wahid Hasyim No. 24 - 26, Medan-Rahmadsyah
Pontianak Kalimantan Barat Jl. Rahmadsyah No. 22, Medan - Medan-Sisingamangaraja
Tel. (0561) 768599, 765411 Sumatera Utara Jl. Sisingamangaraja No .289 Ruko
Tarakan-Sudirman Fax. (0561)766203 No 5 & 6 Kel . Sudirejo Ii Medan
Tel. 061 - 7351436
Jl. Jend Sudirman No 7-8 Tarakan Sumut
Fax. 061-7351460
Tel. (0551) 24445,24446 Tel. 061-7880089
Fax. (0551) 36147 Pontianak-Gajah Mada
Jl. Gajah Mada No.132 Pontianak Fax. (061) 7880781
Medan-Pandu
Tel. (0561) 763078 Jl. Pandu 41/70, Medan - Sumatera
Nunukan -Pattimura Fax. (0561) 763766 Medan-Putri Hijau*
Utara 20212
Jl. Pattimura Rt.02, Kel. Nunukan Jl. Putri Hijau No. 2, Medan -
Tel. 061 - 4576222
Timur, Kec. Nunukan, Kalimantan Sumatera Utara 20111
Pontianak - Sungai Raya Dalam Fax. 061-4565241
Timur Tel. 061 - 4152655
Tel. 0556-62025700 Jl. Sungai Raya Dalam No. C.
Kel. Bangka Belitung Darat, Kec. Fax. 061-4576606
Fax. (0556) 2025684 Medan-Iskandar Muda*
Pontianak Tenggara, Kota Pontianak Jl. Iskandar Muda No.226-230,
Kal Bar Medan - Sumatera Utara -20112 Medan-Krakatau
Tanjung Redep-Akb Sanipa Tel. 0561-75944446 Jl.krakatau No.127 - 127A, Medan
Tel. 061 - 4155090
Jl. Akb Sanipa No. 669 Tj. Redeb Fax. (0561) 6715076 Tel. 061-6617797 (H)
Fax. 061-4536269
Tel. (0554) 22970 Fax. 061-6636812
Fax. (0554) 22095
Sintang-Mt Haryono Medan-Petisah
Jl Mt. Haryono No. 5, Sintang Jl. Nibung Utama No.3- Medan-Yos Sudarso
Bontang-Mt. Haryono Tel. (0565) 22302, 22318 Jl Yos Sudarso 152D, Medan
4 Petisah,Medan - Sumatera
Jl. Bhayangkara No. 3 Bontang Fax. (0565) 22316 Tel. 061 - 6621450
Utara-20112
Tel. (0548) 5107990, 5116199 Fax. 061 - 6620955
Tel. 061 - 4575685
Fax. (0548) 25295
Sanggau-A.yani Fax. 061-4575725
Jl. Ahmad Yani No. 99 Kabupaten Sibolga-Imam Bonjol
Sangatta - Dr. Soetomo Sanggau Kalimantan Barat Jl. Imam Bonjol No.63, Sibolga-
Medan-Thamrin
Jl Mt Haryono Sb 9 Swarga Bara Tel. (0564) 22553 Sumatera Utara, 22522
Jl.thamrin No.93-95, Medan -
Sangata - Tel. 0631 - 23826
Tel. (0549) 23315, 23316 Fax. 0631-24326
Tel. 061 - 7366811
Fax. (0549) 24722
Melawi - Juang Fax. 061-7342616
Jl. Juang Blok H No. 3 Dan 4, Gunung Sitoli-Diponegoro
Tanjung Selor-Skip Ii Nanga Pinoh, Kab. Melawi Jl.diponegoro No.143 Kel..Ilir Kec.
Medan-Iskandar Muda 2
Jl. Skip Ii Kavling 20 Tj. Selor Tel. 0568- 22785 gunungsitoli Kab Nias Kode Pos
Jl.iskandar Muda No.57,Medan
Tel. (0552) 22266, 22555 (Direct - 22815
Tel. 061-4514748
Bsm) Tel. 0639-22921
Fax. 061-4514733
Fax. (0552) 22239 Fax. 0639-22923
Ketapang-Merdeka
Jl. Merdeka No. 181, Ketapang, Medan-Asia Mega Mas
Palangkaraya-A. Yani Kalimantan Barat P.siantar-Sutomo
Ruko Asia Mega Mas,Jl.asia Indah
Jl. A. Yani No. 82, Palangkaraya Tel. (0534) 33297, 33576 Jl. Sutomo No. 5 D/E, Pematang
Blok Bb No.16,Medan
Tel. (0536) 3222131-2, 32222642 Fax. (0534) 33577 Siantar 21117
Tel. 061-7321650
Fax. (0536) 3221197, 3224482 Tel. 0622 - 29481
Fax. 061-7321503
Fax. 0622-29482

Tebing Tinggi-Sudirman Padang - S. Parman Batam - Batu Aji Rejang Lebong-M. Hasan
Jl. Jend. Sudirman No. 218 -220, Jl.s.parman 147,Kel.ulak Karang Kantor Aviari Batam Komp Jl. M. Hasan No. 41, Rt/Rw Iii/Ii, Kel.
Tebing Tinggi - Sumatera Utara - Kec.padang. Pertokoan Aviari Pratama Blok B2 Pasar Tengah, Kec. Curup, Kab.
20615 Tel. 0751-442686/442697 No. 3, Batu Aji, Tiban Asri, Kec Rejang Lebong, Bengkulu
Tel. 0621 - 24226 Fax. 0751-442701 Sekupang, Batam - Riau Tel. 0732 - 21837
Fax. 0621-24175 Tel. 0778 - 363777/363737 Fax. (0732) 23950
Pekanbaru-Wahid Hasyim Fax. 0778 - 363767
Padang Sidempuan-Merdeka Jl. W Hasyim No. 2 Pekanbaru Palembang-Sudirman
Jl. Merdeka No.22, Padang 28111 Batam-Gedung Nagoya Jl. Jend. Sudirman No. 440,
Sidempuan - Sumatera Utara - Tel. (0761) 32626 Bank Duta Building Nagoya Jl.imam Palembang 30125
22718 Fax. 0761-32602 Bonjol Nagoya Batam Kode Pos Tel. 0711-312606
Tel. 0634 - 22977 29444 Fax. 0711 310116
Fax. 0634 - 22979 Pekanbaru-Simpang Pasar Tel. (0778) 456560/458400/
Bawah Fax. 0778-458668 Palembang-Mesjid Lama
Kisaran-Imam Bonjol Jl. M. Yatim No.36 Simpang Pasar Jl. Mesjid Lama No. 170
Jl. Imam Bonjol 178, Kisaran - Pekanbaru 28152 Tj.pinang-Jl.pos Palembang. 30125
Sumatera Utara 21215 Tel. (0761) 45859/40310 Jl. Ketapang No.49 Tanjung Pinang Tel. 0711 - 310390
Tel. 0623 - 44079 Fax. 0761 40320 - Kep.riau Fax. 0711-312822
Fax. 0623-44059 Tel. (0771) 27588/24001/24987
Pekanbaru-Prof. Yamin Fax. 0771-24234 Lemabang-Martadinata
Rantau Prapat-A.dahlan Jl. Prof. M. Yamin No. 19 B-C Jl. Re Martadinata No.18,
Jl. Kh Ahmad Dahlan No.94, Rantau Pekanbaru 28113 Tj .Pinang-Panjaitan Lemabang-Palembang 30118
Prapat - Sumatara Utara 21413 Tel. (0761) 25385/25386 Dirct Jl. Di Panjaitan Km Ix Blok Mayang Tel. 0711-714363,714364
Tel. 0624 - 24159,24160 859316 1A, Kel. Batu Sembilan, Tanjung Fax. 0711-716901
Fax. 0624-21068 Fax. 0761-25382 Pinang Timur
Tel. 0771 - 7447287 , 7447290, Lubuk Linggau-Garuda
Tanjung Balai-Cokroaminoto Dumai-Sukajadi 7447291 Jl. Garuda No. 12, Lubuk Linggau
Jl. Cokroaminoto 48 A, Tj. Balai Jl. Diponegoro No. 81 A-B Dumai, Fax. (0771) 7447280 Kode Pos 31611
Asahan - Sumatera Utara 21312 28812 Tel. 0733-322098
Tel. 0623 - 93370 Tel. (0765) 35665/35852 Karimun-Pramuka Fax. 0733-322990
Fax. 0623 - 95158 Fax. 0765-35682 Jl. Pramuka No. 69, Tanjung Balai
Karimun Batu Raja-Akmal
Banda Aceh-Safiatuddin* Duri-Sudirman Tel. 0777-7018271-76 Jl. Akmal No.75, Batu Raja Sumsel
Jl. Sri Ratu Safiatuddin No.54, Jl. Sudirman No. 151-152 Duri Fax. (0777) 326117 32116
Nanggroe Aceh Darussalam, 23122 28884 Tel. 0735-320084
Tel. 0651 - 31178 Tel. (0765) 596868 -67 Batam Palm Spring Fax. (0735) 320657
Fax. 0651 - 32802 Fax. (0765) 596875 Komplek Palm Spring Batam Center
Blok D1 No. 8 Dan 9 Prabumulih-Sudirman
Meulaboh - Nasional Pekanbaru - Riau Tel. 0778-7081894 Jl. Jend Sudirman No.167-168,
Jl. Nasional No. 4, Meulaboh, Aceh Jl. Griya, Ruko No. 1 & 2, - Prabumulih 31121
Barat Pekanbaru, Tampan Tel. 0713-322555
Tel. (0655) 7552626 Tel. 0761-860804/860805/860810 Jambi-Sutomo Fax. 0713-322333
Fax. (0655) 7552627 Fax. 0761-860867 Jl. Dr. Sutomo No. 40, Jambi 36113
Tel. (0741) 34061/31626 Muara Enim-Liberty Simanjuntak
Lhokseumawe-Perdagangan* Pekanbaru - Tuanku Tambusai Fax. 0741-26900/20526 Jl. Liberty Simanjuntak No.82,
Jl. Perdagangan No. 47-49, Jl.tuanku Tambusai No.12 Muara Enim 31315
Lhokseumawe - Aceh Utara A,Pekanbaru Jambi-Kota Indah Tel. 0734-422726
Tel. 0645 - 40104 Tel. 0761-62749/62883 Jl. Gatot Subroto Komp. Kota Indah Fax. 0734-422725
Fax. 0645-43640 Fax. 0761-62428 Blok A-B No.1 Jambi, Kode Pos
36134 Lahat-Pagar Alam
Langsa-Teuku Umar* Bagan Batu - Sudirman Tel. (0741) 31312/20912 Jl. Lettu Hamid No.88 Pagar Alam,
Jl. Teuku Umar No.114, Langsa - Jl.jend Sudirman No.761 Bagan Fax. 0741-7551933 Lahat, Sumsel
Aceh Timur Batu Tel. 0730-623325
Tel. 0641 - 21888, 23900 Tel. (0765) 7040660 - 65,61 Muara Bungo-Lintas Sumatra Fax. 0730-621738
Fax. 0641 22732 Fax. 0765-552300 Jl. Lintas Sumatera Km 1 No. 26
Muara Bungo Jambi 37212 Palembang-Basuki Rahmat
Bireuen-Kol. Husein Yusuf* Pekanbaru-Hr Subrantas Tel. (0747) 322106 Jl. Basuki Rahmat No.897 C-D
Jl. Kolonel Husein Yusuf No. 1, Jl.hr Subrantas, Komp.metropolitan Fax. 0747-21148 Palembang
Bireun City Blok A-6 Panam, Pekanbaru Tel. 0711-317497, 317597,373499
Tel. 0644 - 323081 Tel. 0761 - 5899826/589984 Jambi-Kuala Tungkal Fax. 0711-355419
Fax. 0644 - 323086 Fax. 0761-589987 Jl. Nelayan No. 5 Kuala Tungkal
36512 Palembang-Mangkunegara
Padang-Sudirman* Indragiri Hilir-M.boya Tel. (0742) 22449/22450 Jl.mp Mangkunegara No.14 B
Jl. Jend. Sudirman No. 40, Padang Jl.m.boya Rt/Rw.01/11,Kel. Fax. 0742-22448 Kenten,Palembang
25128 Tembilahan Kota, Kec. Tembilahan, Tel. 0711-826050
Tel. (0751) 32226 Kab. Indragiri Hilir Jambi- Hayam Wuruk Fax. 0711-820948
Fax. 0751-30605/34062 Tel. 0769 7006357, 0769 - 7006358, Jl. Hayam Wuruk No. 03, Talang
0769 7006359 Jauh, Jelutung, Jambi Musi Banyuasin-Palembang
Padang-Bundo Kandung Fax. (0768) 23911 Tel. 0741 7072568 Jl. Palembang - Jambi, Rt/Rw.14/04
Jl. Bundo Kandung No. 23 , Kode Fax. (0741) 34181 Sungai Lilin, Musi Banyuasin,
Pos 25118 Indragiri Hulu-Sultan Sumatera Selatan
Tel. (0751) 33159/31585 Jl. Sultan Rt/Rw.18/06, Kel. Jambi - Kol. Abunjani Tel. 0714 7343050
Fax. 0751 22782 Kampung Besar Kota, Kec. Rengat, Jl. Kol. Abunjani Rt/Rw 25/08, Kel. Fax. (0714) 7343066
Kab. Indragiri Hulu Selamat, Kec. Telanaipura, Jambi
BukittinggiA.yani Tel. 0768 - 23906, 23908 Tel. 0741 7072480 Palembang - Sultan Badaruddin
Jl. A. Yani No.116F, Bukit Tinggi, - - Jl . Sultan Mahmud Badaruddin
Sumbar Ii No. 6 Rt.20 Rw.64 Kel. Alang2
Tel. (0752) 35350 Batam-Raden Patah Bengkulu-S. Parman Lebar(Dh Talang Kelapa) Kec,
Fax. 0752-35351 Jl. Raden Patah No. 15 A, Lubuk Jl. S. Parman No. 35, Bengkulu Sokarani, Kota Palembang Sulsel
Baja - Batam. Kode Pos 29444 38223 Tel. 0711-5645698
Payakumbuh-Soekarno Hatta* Tel. (0778) Tel. 0736-20650 -
Jl. Soekarno-Hatta No. 80 451018/451013/451017/451015 Fax. 0736-343259
Payakumbuh Kode Pos.26222 Fax. 0778-451012 Pangkal Pinang - Mesjid Jamik
Tel. (0752) 95771/95772/95770 Bengkulu - Salak Jl. Masjid Jamik No. 27, Pangkal
Fax. (0752) 95764 Jl. Salak No. 25 Kel. Dusun Besar, Pinang 33132
Kota Bengkulu Tel. 0717-422255, 424672
Tel. 0736-347255 Fax. 0717-422006
Fax. (0736) 343259

Region 7 SemarangMajapahit TegalBanjaran Semarang - Setiabudi

Jl. Majapahit Ruko Gayamsari Blok Jl. Raya Banjaran No. 14, Tel. Jl . Setiabudi No 119 Semarang
A3, Semarang Adiwerna, Tegal Tel. (024) 7475429/30
Semarang-Pemuda*
Tel. (024) 6724185 - 87 Tel. (0283) 443981; 444603 Fax. (024) 7475434
Jl. Pemuda No. 175, Semarang
Fax. (024) 6719777 Fax. (0283) 443982
Tel. (024) 3549401, 3580330
Fax.(024) 3563031 Weleri - Raya Kendal
SemarangSuari* PemalangSudirman Jl. Raya No 145 Weleri, Kendal
Jl. Suari No.17A Semarang Jl. Jend Sudirman Ruko No.9, Tel. (0294) 641791
SoloSudirman*
Tel. (024) 3551853, 3544235, Pemalang Fax. (0294)641911
Jl. Sudirman No.5, Solo
3547989, 3551854 Tel. (0284)322787, 322636
Tel. (0271) 661996-H, 663326,
Fax. (024) 3547987 Fax. (0284) 322757 PurwokertoSudirman*
663319-D
Fax. (0271) 663359 Jl. Jend. Sudirman No. 183,
SemarangCitraland PekalonganH. Wuruk* Purwokerto
Komp. Citraland. Jl. Anggrek Raya Jl.hayam Wuruk No.11A, Tel. (0281) 631200-1
Solo-Rajiman
Kav 23-25, Semarang Pekalongan Fax. (0281) 636724
Jl Dr Rajiman No 18 Solo
Tel. (024) 8318885 Tel. (0285) 428000,424260
Tel. (0271) 656896
Fax. (024) 8411212 Fax. (0285) 421634 PurwokertoD.i. Panjaitan
Fax. (0271) 644428
Jl. Di Panjaitan No.9, Purwokerto
SemarangSultan Agung MagelangPemuda* Tel. (0281) 639281, 638291 -
KlatenPemuda*
Jl. Sultan Agung No. 104-106 B Jl. Pemuda No. 149, Magelang 632098
Jl. Pemuda Utara No.135 Klaten
Ruko No.3, Semarang Tel. (0293) 366234 - 38 Fax. (0281) 632097
Tel. (0272) 322911, 44, 55
Tel. (024) 8312525, 8310745 Fax. (0293) 366239
Fax. (0272) 322811
Fax. (024) 8310736 Wangon-Raya Utara
Muntilan-Pemuda Jln. Raya Utara Kompleks Ruko No.
Sragen-Sukowati*
SalatigaSudirman* Jl. Pemuda Ruko Plaza Blok B/4 5 Wangon 53176
Jl. Raya Sukowati No. 243, Sragen
Jl. Jend. Sudirman No.170, Salatiga Muntilan, Magelang Tel. (0281) 513030
Tel. (0271) 892500, (0271) 892600
Tel. (0298) 325950 Tel. (0293) 587393, 586773, 586404 Fax. (0281) 513020
Fax. (0271) 892400
Fax. (0298) 325951 Fax. (0293) 586405
Purbalingga-Sudirman
Solo-Raya Palur
Kudus A. Yani* PurworejoVeteran* Jl. Jend Sudirman No.111,
Jl. Raya Palur Rt. 002/Rw.03 Solo
Jl. A. Yani No. 77 Kudus Purworejo Plz. Ruko No. 18-19, Purbalingga
Tel. (0271) 821422, 821250, 821187
Tel. (0291) 436531-33,D-431700 Jl.veteran 60, Purworejo Tel. (0281) 891421
Fax. (0271) 821197
Fax. (0291) 432990/660 Tel. (0275) 322962, 322963 Fax. (0281) 891467
Fax. (0275) 323804
Solo-Kapten Tendean*
PatiPemuda Banjarnegara-Veteran
Jl. Kapten Tendean, Nusukan No.
Jl. Pemuda No. 239 C, Pati Kutoarjo-Diponegoro Jl. Veteran No. 82, Banjarnegara
47 Banjarsari Solo
Tel. (0295)384204-05, 384365 Jl. Diponegoro No. 120, Kutoarjo, Tel. (0286) 592454, 592455
Tel. (0271) 712255,727552
Fax. (0295) 384203 Kab. Purworejo Fax. (0286) 592456
Fax. (0271) 726160
Tel. (0275) 641535/641539
PatiTayu Fax. (0275) 641389 CilacapSudirman*
Solo-Slamet Riyadi*
Jl. Kartini No.14 Tayu, Pati Jl. Jend Sudirman No.21, Cilacap
Jl. Slamet Riyadi No. 472, Kel.
Tel. (0295) 452334 Temanggung-Tentara Pelajar Tel. (0282) 535941 (H) 532100 (D)
Purwosari, Kec. Laweyan, Solo
Fax. (0295) 452685 Jl. Tentara Pelajar 6, Temanggung Fax. (0282) 535155
Tel. (0271) 711773, 717841,
Tel. (0293) 493289 - 90
733186, 733265, 733308, 737779
Juwana-Silugonggo Fax. (0293) 493420 YogyakartaDiponegoro*
Fax. (0271) 716344
Jl. Silugonggong No. 12, Juwana Jl. Diponegoro No. 97, Yogyakarta
Tel. (0295) 472167 UngaranGatot Subroto Tel. (0274) 565053
Sukoharjo - Raya Solo Permai
Fax. (0295) 472168 Jl. Gatot Subroto No. 156, Ungaran Fax. (0274) 520109 ; 565033
Ruko Pusat Bisnis Ii Blok L J-40
Tel. (024) 6924320 - 1
Solo Baru, Jl . Raya Solo Permai L
JeparaPatimura Fax. (024) 6921147 YogyakartaUrip S.
J-40, Kel Madegondo, Kec. Grocol,
Kab. Sukoharjo Jawa Tengah Jl. Patimura Ruko Blok A2 Jepara Jl. Urip Sumohardjo 123,
Tel. 0271-623715 Tel. (0291) 593766-67 BatangSudirman Yogyakarta
Fax. (0271) 624698 Fax. (0291) 592340 Jl. Jend. Sudirman 164, Batang Tel. (0274) 560447 - 48
Tel. (0285) 392077- 392021 Fax. (0274) 544038
DemakSultan Patah Fax. (0285) 392494
SemarangPemuda
Jl. Pemuda No. 175, Semarang Jl. Sutan Patah No. 25 Demak YogyakartaKatamso*
Tel. (024) 3549401,3580330 Tel. (0291) 685475, 686475 KebumenKusuma* Jl. Brigjen Katamso No.190
Fax. (024)3563031 Fax. (0291) 686474 Jl. Kusuma No.1, Kebumen Gondomanan, Yogyakarta
Tel. (0287) 382121 Tel. (0274)380141, 373298, 387683,
Purwodadi-R. Suprapto Fax. (0287) 383265 387736,379106
Semarang-Mt. Haryono
Jl. R Soeprapto 66 Purwodadi Fax. (0274) 387737
Jl. Mt Haryono Komp. Bubakan
Bl.a/5-6, Semarang Tel. (0292)422242; 422464 Gombong-Yos Sudarso
Tel. (024) 3558423 - 4 Fax. (0292) 421427 Jl. Yos Sudarso Barat No. 456, Jogjakarta-Kusumanegara
Fax. (024) 3558427 Gombong Jl. Kusumanegara 75 Yogyakarta
BloraAlun-Alun Selatan* Tel. (0287) 472187, 472188 Tel. (0274) 553101, 553103
Jl. Alun-Alun Selatan No. 5, Blora Fax. (0287) 471282 Fax. (0274) 553108
SemarangBangkong
Jl. Mt Haryono Bangkong Plaza Tel. (0296) 533219 - 20
C-2, Semarang Fax. (0296) 533221 KendalRaya* Jogjakarta-Kaliurang*
Tel. (024) 8311680 Jl. Raya No. 283, Kendal Jl. Kaliurang Km 8 No. 62
Fax. (024) 311684 CepuDiponegoro Tel. (0294) 383014, 383015 Yogyakarta
Jl. Diponegoro No. 14, Cepu Fax. (0294) 382791 Tel. (0274) 889904; 889906;
Tel. (0296) 423992 889907; 889908; 889909; 889910
Semarang-Gang Tengah
Fax. (0296) 424113 RembangKartini Fax. (0274) 889905
Gang Tengah No. 77, Semarang
Tel. (024) 3544062, 3521351 Jl. Kartini No. 23. Rembang
Fax. (024) 3542847 WonosoboSumbing* Tel. (0295) 692888, 692900
Jl. Sumbing 22 Wonosobo Fax. (0295) 692777
Semarang-Puri Anjasmoro* Tel. (0286) 323587 - 88
Jl. Puri Anjasmoro Blok G 1 No.36, Fax. (0286) 323589 Semarang - Dokter Cipto
Semarang Jl. Dr Cipto No 115 A (Ruko No 4)
Tel. 024) 7613347 - 49 TegalSudirman* Semarang
Fax. 024- 7613365 Jl. Jend Sudirman No.11A, Tegal Tel. (024) 8457117
Tel. (0283) 358961, 324265 Fax. (024) 8457119
Fax. (0283) 353252

Danamon Privilege Center

2014
Jakarta
Jl. Boulevard Barat Blok XB No.8,
Lt. 3, Kelapa Gading, Jakarta 14240
Tel. (021) 29265799
Fax. (021) 29265788
Jakarta
Komp. Pertokoan Pondok Indah
Blok UA No. 1 Jl. Metro Duta
Pondok Indah, Jakarta Selatan
12310
Tel. (021) 75914888
Fax. (021) 75914840
Jakarta
Menara Bank Danamon, Ground
Floor, Jl. Prof. Dr. Satrio Kav. E 4
No. 6, Mega Kuningan, Jakarta
12950
Tel. (021) (021) 57991001 - 3 Ext.
8031, (021) 25541999 Ext. 3110
Fax. (021) 57991424
Bandung
Jl. Ir. H. Juanda No. 64, Lt. 2,
Bandung 40116
Tel. (022) 4207808
Fax. (022) 4211946
Medan
Jl. Diponegoro No. 35, Lt. 3, Medan
20152
Tel. (061) 45575555 Ext. 3213/3214
Fax. (061) 4526936
Surabaya
Jl. Panglima Sudirman 11-17,
Surabaya 60271
Tel. (031) 5346885
Fax. (031) 5477102
Makassar*
Jl. Slamet Riyadi No. 1, Lt. 2,
Makassar 90174
Tel. (0411) 3654589-91
Fax. (0411) 3618125
Balikpapan
Jl. Jend. Sudirman No. 54,
Balikpapan 76113
Tel. (0542) 419500 Ext. 3210, (0542)
732915
Fax. (0542) 730905
Semarang*
Jl. Pemuda no 175, Lt. 2, Semarang
501322
Tel. (024) 3517403 , 3549401 ext 800
Fax. (024) 3517159

Financial Services Authority References
Regulation Page
A. General Provisions
1) The Annual Report should contain:
a. Summary of Key Financial Information; 14-15
b. report from the BOC; 42-49
c. report from the BOD; 52-61
d. company profile; 72-113
e. management analysis and discussion; 114-209
f. corporate governance; 324-503
g. corporate social responsibilities; 504-555
h. audited financial statements; and
i. statement that the Board of Directors and the Board of Commissioners are fully 70-71
responsible for the accuracy of the Annual Report.
2) The Annual Report must be in the Indonesian language. If the Annual Report is
also presented in another language, either in the same or separate documents,
the documents must be available at the same time and contain the same material
information. In cases where there is any different interpretation due to the transfer
of language, the financial statement in the Indonesian language shall become the
reference.
3) The Annual Report should be prepared in a form that is easy to read. Images, charts,
tables, and diagrams are presented by mentioning the title and / or clear description.
4) The Annual Report must be printed on light colored paper of high quality, in A4 size,
bound, and in a format that permits reproduction by photocopy.
B. Summary of Key Financial Information
1) Summary of Key Financial Informationis presented in comparison with previous 3 14-18
(three) fiscal years or since commencement of business of the company, at least
contain:
a. income; 14
b. gross profit; 14
c. profit (loss); 14
d. total profit (loss) attributable to equity holders of the parent entity and non 14
controlling interest;
e. total comprehensive profit (loss); 14
f. total comprehensive profit (loss) attributable to equity holders of the parent entity 14
and non controlling interest;
g. earning (loss) per share; 14
h. total assets; 14
i. total liabilities; 14
j. total equities; 14

Regulation Page
k. profit (loss) to total assets ratio; 15
l. profit (loss) to equities ratio; 15
m. profit (loss) to income ratio; 15
n. currentratio; 15
o. liabilitiesto equities ratio; 15
p. liabilitiesto total assets ratio; and 15
q. otherinformation and financial ratios relevant tothe company and type of industry. 16
2) The Annual Report should contain information with respect to shares issued for each 22-25
three-month period in the last two (2) fiscal years (if any), at least covering:
a. number of outstanding shares; 22-23
b. market capitalization; 22-23
c. highest share price, lowest share price,closing share price; and 22-23
d. share volume. 22-23
3) In the event of corporate actions, including stock split, reverse stock, dividend, bonus 101-102
share, and decrease in par value of shares, then the share price referred to in point
2), should be added with explanation on:
a. date of corporate action;
b. stock split ratio, reverse stock, dividend, bonus shares, and reduce par value of
shares;
c. number of outstanding shares prior to and after corporate action; and
d. share price prior to and after corporate action.
4) In the event that the companys shares were suspended from trading during the year n.a
under review, then the Annual Report should contain explanation on the reason for
the suspension.
5) In the event that the suspension as referred to in point 4) was still in effect until the n.a
date of the Annual Report, then the Issuer or the Public Company should also explain
the corporate actions taken by the company in resolving the issue.
C. The Board of Commissioners Report 42-49
The Board of Commissioners Reportshould at least contain the following items:
1) assessment on the performance of the Board of Directors in managing the company. 45-46
2) view on the prospects of the companys business as established by the Board of 48
Directors, and
3) changes in the composition of the Board of Commissioners (if any). 48
D. The Board of Directors Report 52-61
The Board of Directors Report should at least containthe following items:
1) the companys performance, i.e. strategic policies,comparison between achievement 52-57
of results and targets, and challenges faced by the company:
2) business prospects; 57-58
3) implementation of Good Corporate Governance by the company; and 59
4) changes in the composition of the Board of Directors (if any). 60

Regulation Page
E. Company Profile 72-113
The Company Profile should at least contain the following:
1) name, address, telephone and/or facsimile, email, website of the company and/ 77
or branch offices or representative office, which enable public to access information
about the company;
2) brief history of the company. 74-76, 78-79
3) line of business according to the latest Articles of Association, and types of products 74-77
and/or services produced.
4) structure of organization in chart form, at least one level below the Board of Directors, 80-82
with the names and titles;
5) vision and mission of the company: 84-85
6) the Board of Commissioners profiles include: 349-350,
258, 88-90,
361-362
a. name; 88-90, 361-
362
b. history of position, working experience, and legal basis for first appointment to the 348, 88-90,
Issuer or Public company, as stated in the minutes of GMS resolutions. 361-362
c. history of education; 88-90, 361-
362
d. short description on the competency enhancement training programs for members 358
of the Board of Commissionersduring the year under review (if any); and
e. disclosure of affiliation with other members of the Board of Commissioners and 349-350
Board of Directors, and shareholders (if any);
7) the Board of Directors profiles include: 91-95
a. nameand short description of duties and functions; 366-367
b. history of position, working experience, and legal basis for first appointment to the 367-368,
Issuer or Public Company, as stated in the minutes of GMS resolutions.; 389-90
c. history of education; 91-95
d. short description on the competency enhancement training programs for members 401-403
of the Board of Commissioners during the year under review (if any); and
e. disclosure of affiliation with other members of the Board of Commissioners and 391
Board of Directors, and shareholders (if any);
8) in the event that there were changes in the composition of the Board of
Commissioners and/or the Board of Directors occurring between the period after
year-end until the date the Annual Report submitted as refer to in poin t 1 letter a,
then the last and the previous composition of the Board of Commissioners and/or the
Board of Directorsshall be stated in the Annual Report.
9) number of employees and description of competence building during the year under 306-313
review, for example education and training of employees.
10) information on names of shareholders and ownership percentage at the end of 98-99
the fiscal year, including:
a. shareholders having 5% (five percent) or more shares of Issuer or Public Company; 98-99
b. Commissioner sand Directors who own shares of the Issuers or Public Company; 98
and
c. groups of public shareholders, or groups of shareholders, each with less than 5% 98-99
ownership shares of the Issuers or Public Company.

Regulation Page
11) information on major shareholders and controlling shareholders the Issuers of 100
Public Company, directly or indirectly, and also individual shareholder, presented in
the form of scheme or diagram;
12) name of subsidiaries, associated companies, joint venture controlled by 104-108
Issuers or Public Company, with entity, percentage of stock ownership, business, and
operating status of the company (if any). For subsidiaries, include the addresses;
13) chronology of share listing and changes in the number of shares from the 101-103
beginning of listing up to the end of the financial year, and name of Stock Exchange
where the company shares are listed.
14) chronology of securities listing and rating of the securities (if any); 103
15) name and address of the securities rating company (if any); 109
16) name and address ofcapital market supporting institutions and/or 109
professionals. For professionals providing services regularly for the Issuer or Public
Company, it is required to disclose the services, fees, and periods of assignment; and
17) awards and certifications of national and international scale bestowed on the 111-113
company during the last fiscal year (if any).
F. Management Analysis and Discussion 114-209
Annual Report should contain discussion and analysis on financial statements and other
material information emphasizing material changes that occured during the year under
review, at least including:
1) operational review per business segment, according to the type of industry of the 124-151
Issuer or Public Company including:
a. production, including process, capacity, and gowth; 124-151
b. income; and 165-170
c. profitability; 163-164
2) comprehensive financial performance analysis which includes a comparison
betweenthe financial performance of the last 2 (two) fiscal years, and explanation on
the causes and effects of such changes, among others concerning:
a. current assets, non-current assets, and total assets; 171-180
b. short term liabilities, long term liabilities, total liabilities; 180-184
c. equity 184
d. sales/operating revenues, expenses and profit (loss), other comprehensive 163-170
revenues, and total comprehensive profit(loss); and
e. cash flows; 184-185
3) the capacity to pay debts by including the computation of relevant ratios; 185-186
4) accounts receivable collectability, including the computation of the relevant ratios; 185-186
5) capital structure and management policies concerning capital structure; 187-189
6) discussion on material ties for the investment of capital goods, including the 191
explanation on the purpose of such ties, source of funds expected to fulfill the said
ties, currency of denomination, and steps taken by the company to protect the
position of a related foreign currency against risks;
7) material Information and facts that occurring after the date of the accountants report 193
(subsequent events);
8) information on company prospects in connection with industry,economy in general, 194
accompanied with supporting quantitative data if there is a reliable data source;

Regulation Page
9) comparison between target/projection at beginning of year and result (realization), 193
concerning income, profit, capital structure, or others that deemed necessary for the
company;
10) target/projection at most for the next one year, concerning income, profit, 194
capital structure, dividend polixy, or others that deemed necessary for the company;
11) marketing aspects of the companys products and services, among others 195
marketing strategy and market share;
12) Description regarding the dividend policy and the date and amount of cash 196-197
dividend per share and amount of dividend per year as announced or paid during
the past two (2) years;
13) Use of proceeds from public offerings: 197
a. during the year under review, on which the Issuer has the obligation to report the
realization of the use of proceeds, then the realization of the cumulative use of
proceeds until the year end should be disclosed; and
b. in the event that there were changes in the use of proceeds as stipulated in Rule
No. X.K.4, then Issuer should explain the said changes;
14) Material information, among others concerning investment, expansion, 198
divestment, acquisition, debt/capital restructuring, transactions with related parties
and transactions with conflict of interest that occurred during the year under
review,among others include:
a. transaction date, value, and object; 198
b. names of transacting parties; 198
c. nature of related parties (if any); 198
d. description of the fairness of the transaction; 198
e. compliance with related rules and regulations; 198
15) changes in regulation which have a significant effect on the company and 199-203,
impacts on the company (if any): 207
16) changes in the accounting policy, rationale and impact on the financial 204-207
statement (if any).
G. Corporate Governance 326-503
Corporate Governance contains short descriptions of at least the following items:
1) Board of Commissioners, including: 344-358
a. description of the responsibility of the Board of Commissioners; 356
b. disclosure of the procedure and basis determining remuneration, and amount of 356-358
remuneration for members of the Board of Commissioners.
c. disclosure of the companys policy and its implementation, frequency of Board of 354-355,
Commissioners meetings including joint meetings with the Board of Directors, and 394-397
attendance of the members of Board of Commissioners in the meetings.
2) Board of Directors, including: 385-403
a. scope of duties and responsibilities of erach member of the Board of Directors; 386-387,
389-390
b. disclosure of the procedure and basis determining remuneration, and amount 400-401
of remuneration for members of the Board of Directos, and the relation between
remuneration and performance of the company;
c. disclosure of the companys policy and its implementation, frequency of Board of 394-397
Commissioners meetings including joint meetings with the Board of Commissioners,
and attendance of the members of Board of Commissioners in the meetings;
d. resolutions from the GMS of the previous fiscal year and its realization in the year 336-343
under review, and explanation for the unrealized resolution; and
e. disclosure of company policy concerning assessment on the performance of the 398-399
member of the Board of Directors (if any);

Regulation Page
3) Audit Committee,includes among others: 359-365
a. name; 361-362
b. history of position title, work experience and legal basis for appointment; 361-362
c. history of education; 361-362
d. tenure of members of Audit Committee; 363
e. disclosure of independence of the members of the Audit Committee; 361
f. disclosure of the companys policy and its implementation, frequency of Audit 363-364
Committee meetings, and attendance of the members ofAudit Committee in the
meetings;
g. brief report on the activities carried out by the Audit Committee during the year 364
under review in accordance with the charter of the Audit Committee.
4) other committees owned by Issuer or Public Company supporting the functions and 366-384
duties of the Board Directors and/or the Board of Commissioners, such as nomination
and remuneration, including:
a. name; 367-368;
374; 378-
379
b. history of position title, work experience and legal basis for appointment; 366-368;
373-374;
377-379
c. history of education; 367-368;
374; 378-
379
d. tenure of members of the committee; 368; 375;
379
e. disclosure of the companys policy concerning the independence of the committee; 367; 373;
378
f. description of duties and responsibilities; 366; 372;
377
g. disclosure of the companys policy and its implementation, frequency of committee 368-370;
meetings, and attendance of the members of committee in the meetings; 375; 379-
380
h. brief report on the committee activities carried out during the year under review; 371; 376;
380
5) description of tasks and function of the Corporate Secretary; 413-422
a. name; 414
b. history of position title, work experience and legal basis for appointment; 414
c. history of education; 414
d. tenure of the corporate secretary; 414
e. brief report on Corporate Secretary activities carried out during the year under 415
review;
6) description of the companys internal audit unit; 426
a. name; 427
b. history of position title, work experience and legal basis for appointment; 427
c. Qualification/certification of internal audit professionals (if any); 427
d. structure or position of the internal audit unit; 428
e. duties and responsibilities of the internal audit unit according to the internal audit 428
unit charter; and
f. brief report on the committee activities carried out during the year under review; 429
7) description of the companys internal control, at least contains: 439-442

Regulation Page
a. financial and operational control, and compliance to the other prevailing rules; 439-442
b. review the effectiveness of internal control systems; 442
8) risk management system implemented by the company, at least includes: 435, 212-
305
a. general description about the companys risk management system; 435
b. types of riskand the management; and 435-438
c. review the effectiveness of the companys risk management system; 438-439
9) important cases faced by the Issuer or Public Company, subsidiaries, current members 451-453
of the Board of Commissioners and Board of Directors, among others include:
a. substance of the case/claim; 451-452
b. status of settlement of case/claim; and 451-452
c. potential impacts on the financial condition of the company. 451-452
10) Information about administrative sanctions imposed to Issuer or Public 452
Company, members of the Board of Commissioners and Board of Directors, by the
Capital Market Authority and other authorities during the last fiscal year (if any);
11) information about codes of conduct and corporate culture (if any) includes: 481-484
a. key points of the code of conduct; 481-483
b. key points of the corporate culture; 481
c. socialization of the code of conduct and enforcement; and 483-484
d. disclosure that the code of conduct is applicable for Board of Commissioners, 481
Board of Directors, and employees of the company;
12) description of employee or management stock ownership program of the 197
Issuer or Public Company, among others are number, period, requirement for eligible
employee and/or management, and exercised price (if any); and
13) description of whistleblowing system at the Issuer or Public Company in 484-486
reporting violations that may adversely affect the company and stakeholders (if any),
including:
a. mechanism for violation reporting; 484-485
b. protection for the whistleblower; 485
c. handling of violation reports; 485
d. unit responsible for handling of violation report; and 485
e. results from violation report handling. 486
H. Corporate Social Responsibility 506-555
1) discussion of corporate social responsibility covers policies, types of programs, and
cost, among others related to:
a. environment,such as the use of environmentally friendly materials and energy, 527-555
recycling, and the companys waster treatment systems, the companys
environmental certifications,and others;

Regulation Page
b. employment practices, occupational health and safety, including gender equality 525-527
and equal work opportunity, work and safety facilities, employee turnover, work
incident rate, training, etc;
c. social and community development, such as the use of local work force, 511-521
empowerment of local communities, aid for public social facilities, social
donations,etc; and
d. consumer protection related activities, such as consumer health and safety, product 521-525
information, facility for consumer complaints, number and resolution of consumer
complaint cases, etc.
2) Issuers or thePublic Company may impart information as referred to in point 1) in
the Annual Report or in separate report submitted along with the Annual Report to
Bapepam-LK, such as sustainability report, or corporate social responsibility report.
I. Audited Annual Financial Statements Lampiran
Audited Financial Statements included in Annual Report should be prepared in Laporan
accordance with the Financial Accounting Standards in Indonesia and audited by Keuangan
an Accountant. The said financial statement should be included with statement of
responsibility for Annual Reporting as stipulated in Rule No. VIII.G.11 or Rule No. X.E.1.
J. Board of Commissioners and Board of Directors Signatures 70-71
1) Annual Report should be signed by all members of the current Board of
Commissioners and Board of Directors.
2) The signature as refer to in point 1) should be appended on separate sheet of the
Annual Report, where the said sheet should contain a statement that all members
of the Board of Commissioners and the Board of Directors are fully responsible for
the accuracy of the Annual Report, in accordance with the Form No. X.K.6-1 of the
Attached Rules.
3) In the event that members of the Board of Commissioners or the Board of Director n.a
refused to sign the Annual Report, the said person should provide a written
explanation in separate letter attached to the Annual Report.
4) In the event that a member of the Board of Commissioners and the Board of Directors n.a
refused to sign the Annual Report and failed to provide written explanation, then a
member of the Board of Commissioners or Board of Directors who signed the Annual
Report should provide a written explanation in a separate letter attached to the
Annual Report.
Note: N/A = Not Applicable

Cross Reference of BI
Circular Letter No 14/35
Peraturan Page
1. The Publicationof the banks Annual Report is intended to provide regular and comprehensive information on
the condition of the bank including its business development and performance, as well as that of its business
group. All of the information is expected to enhance transparency of the banks financial condition to the public
and maintain public trust of the banking institutions.
2. Besides being submitted to shareholders, Annual Report shall be submitted at least to Bank Indonesia and
other institutions in the banks business development, such as the Indonesian Consumers Foundation (YLKI),
Indonesian rating agencies, Indonesia banking associations, the Indonesian Banking Development Institute
(LPPI ), 2 (two)Research Institutes on the Economy andFinance; and 2 (two) economic and finance magazines.
Specified certain annual reports are only required to be submitted to Bank Indonesia. The deadline for
submission of annual reports and specified certain annual report is not later than 5 (five) months after the fiscal-
year end.
3. Annualreportsmust be prepared for 1 (one) Fiscal Year and presented in comparation to at least 1 (one) previous
fiscal year.
4. Annual report should be presented in the banks website not later than 1 (one) working day after the deadline
for submission of the Annual Report, and should be maintained in the banks website for at least 2 (two)
consecutive reporting periods.
5. The banks Annual Report should be prepared in Bahasa Indonesia. In the event that the Annual Report is also
made in a language other than in Bahasa Indonesia, in the same or a separate document, then the annual report
referred to should contain the same information.
6. The currency used in the Annual Report is Rupiah.
I. SCOPE OF ANNUAL REPORT
Annual Report should at least include:
1. General information
General Information in Annual Report should at least encompass:
a. Management, covering the Board of Commissioners, Board of Directors, and executive officers including 88-95, 571-572
their positions and CVs;
b. Details on Shareholders, including the names and the number of shares; 98-99
c. Bank business development and bank business group including data regarding:
1. Summary on important financial data should at least include distribution of funds and revenue, 14
net profit or loss, operational profit, profit before tax, earning assets, fund sources and composition,
financing and its composition, capital, number of shares issued and fully paid up;
2. Financial ratios should be presented and should at least include financial ratios as stipulated in Bank 15-16
Indonesia Regulation concerning Transparency of Financial Conditions of Banks.
d. strategy and management policy used in developing the banks business; 68-69
e. management report providing information regarding bank management by the Management in the
framework of Good Corporate Governance and should at least include:
1. Organization structure; 80
2. Main activities; 124-147
3. Information Technology; 314-317
4. Type of product and services offered including Small Business Credit (UMKM); 558-570
4. Interest rates of funds and provision of funds; 168, 180, 457
6. Economic development and market target; 118-123
7. Local and Foreign Network and business partners; 573-583
8. Number, type and locations of offices: 573-583
9. Ownership of Board of Directors, Commissioners and shareholders in the bank business group, 98-99
10. Important changes occurring in the bank and bank business group during the year under review; 124-209
11. Forecasted important things that may happen in the future; 194
12. Human resources, including the number, educational structure, training and development; 306-313

Peraturan Page
2. Annual Financial Report Lampiran (L)
The Annual Financial Report should at least include the following points:
a. Bank Audited Financial Statement consisting of:
1. Balance Sheet; L 6/1 - 6/3

2. Comprehensive Statement of Income; L 6/4 - 6/5
3. Statement of Changes in Equity; L 6/6 - 6/7
4. Statement of Cash Flows, and L 6/8 - 6/9
5. Notes to the Financial Statements, including information on commitments and contingencies. L 5/1 - 5/242
b. For banks that own subsidiaries, aside from individual Financial Statements as referred to in letter a, Lampiran (L)
Annual Report shoud also include Consolidated Financial Statements audited by a Public Accountant,
namely the consolidated Financial Statement of the bank and its subsidiaries, which consist of at least:
1. Balance Sheet; L 1/1 - 1/4
2. Comprehensive Statement of Income; L 2/1 - 2/2
3. Statement of Changes in Equity and; L 3/1 - 3/2
4. Commitments and contingencies. L 5/183 - 5/187
c. For banks that are a part of a business group, aside from the report referred to in paragraphs a and b, the
bank is also required to submit the Annual Financial Report consisting of:
1. Parent Company Financial Statements audited by Public Accountant, as a result of consolidation
of all entities in the group in compliance with the prevailing accounting standards, which at least
includes:
a) Statement of Financial Position (Balance Sheet);
b) Comprehensive Income Statement;
c) Statement of Changes in Equity, and
d) Commitments and Contingencies;
2. Financial Holding Company Financial Statements, audited by a Public Accountant, as a result of
consolidation of all entities in the finance group in accordance with applying accounting standards,
and at least include:
a) Statement of Financial Position (Balance Sheet);
b) Comprehensive Income Statement;
c) Statement of Changes in Equity, and
d) Commitments and Contingencies.
In the event that the business group does not have a Holding/Parent Company in the Financial
Sector then the financial statements presented are the Parent Company Financial Statements
audited by a Public Accountant
3. Opinion of Public Accountant Lampiran
The opinion of Public Accountant contains among others the point of view of the Public Accountant on the
financial statement as referred to in number 2.
4. Bank Capital,Risk Exposureand Risk Management Disclosure 228-305, L 5/231 - 5/233
a. Capital disclosure and risk exposure disclosure and risk management implementation aims to enhance
transparency to the public by determining minimum requirements of disclosure, so that the public can
assess the risk profile and capital adequacy of the bank.
b. The bank should have written policy approved by the Board of Directors regarding the disclosures set
forth in this number. The policies, among others,should be related to the content of disclosure to be
reported and internal controls in the disclosure process.
c. Disclosures were prepared in accordance with the guidelines as stated in the attachment, which form an
integral part wih this Circular Letter.
Disclosure of information as referred to in letter a, consists of:
1. Capital Disclosures 226-228

Capital disclosures at least cover:
1) Qualitative disclosures, among others information about:
a. Capital structure,covering explanation on the equity instruments issued by the bank 226-228
including: characteristics, duration of instrument, callable feature, features step-up, yield
rate, and rating (if available), and
b. Capital adequacy,covering explanations on the approach used by the bank in assessing 226-228
capital adequacy to support current and future activities.

Peraturan Page
2) Quantitative disclosures covering capital structure of the bank as referred to in Table 1.a and 228
Table 1.b.
2. Risk Exposure and Risk Management Disclosure At least include:
1) Disclosure on the banks Risk Management in general, including: 212-228

a) Active supervision of the Board of Commissioners and the Board of Directors; 217-218
b) Adequacy of policy, procedure and determination of risk management limit 218-219
c) Adequacy of identification, measurement, supervision and control processes, as well as Risk 220-221
Management information system
d) Comprehensive Internal Control System 221-223
2) Disclosure on risk exposure and implementation of bank Risk Management in particular, 223-250
covering:
a) Credit Risk, which includes: 229-278
1) General Disclosure, which consists of:
a) Qualitative Disclosures, which include, among others:
i. information regarding the application of credit risk management to, including: 229
I.1. credit risk management organization; 229-230
I.2. credit risk management strategies for activities that have a significant credit 229
risk exposure;
I.3. credit concentration risk management policies, and 230
I.4. mechanism for credit risk measurement and control. 230
ii. definition of overdue receivables and impaired receivables, and 230-231
iii. description on the approach used for the Provision for Loan Impairment Losses 231-232
(CKPN), individually and collectively, as well as the statistical methods used in
the calculation of CKPN.
b) Quantitative Disclosures, as referred to in Tables 2.1.a through Table 2.6.b, which 234-250
includes:
i. Disclosure on net receivables by region, as shown in Table2.1.a and Table2.1.b; 234-237
ii. Disclosure on net receivables by remaining maturity of the contract as shown in 238-239
Table 2.2.a and Table 2.2.b;
iii. Disclosure on net receivables byEconomic Sector as shown in Table 2.3.a and 240-243
Table 2.3.b;
iv. Disclosure on receivables and allowances by region, as shown inTable 2.4.a and 244-245
Table 2.4.b;
v. Disclosure on receivables and allowances by Economic Sector as shown in Table 246-249
2.5.a and Table 2.5.b, and
vi. Details on Movements of allowances for impairment losses as shown in Table 250
2.6.a and Table 2.6.b.
2) Disclosureof Credit Risk using the Standardized Approach, which consists of: 251
a) Qualitative Disclosures, which includes: 251
i. information regarding the use of rating the calculation of Risk Weighted Assets 251
(RWA) for credit risk;
ii. category of portfolios that use the rating; 251
iii. rating agency, and 251
iv. disclosure of counterparty credit risk, including types of mitigation instruments 251
commonly accepted / delivered by the bank.
b) Quantitative Disclosure as referred to in Tables 3.1.a through Table 3.2.c.2, which 252-259
includes:
i. Disclosure of net receivables by Portfolio Category and Rating Scale as shown in 252-255
Table 3.1.a and Table 3.1.b, and
ii. Disclosure on Counterparty Credit Risk as shown in Table 3.2.a, Table 3.2.b.1, Table 257-259
3.2.b.2, Table 3.2.c.1, and Table 3.2.c.2.
3) Disclosure on Credit Risk Mitigation using the Standardized Approach, which consists of: 260-261

Peraturan Page
a) Qualitative Disclosures, which includes: 260-261
i. Information regarding the banks policy for the main types of collateral 260-261
accepted;
ii. policies, procedures, and processes to assess and manage collateral; 260-261
iii. main warrantors/guarantors and their credit worthiness, and 260-261
iv. information on concentration level arising from the use of credit risk mitigation 260-261
techniques.
b) QuantitativeDisclosure referred to inTable 4.1.a through Table 4.2 b, includes: 262-269
i. Disclosure ofnet Receivables based on Risk Weighting after MRK effect as shown 262-265
in Tables 4.1.a and Table 4.1.b, and
ii. Disclosure ofnet receivables and Credit Risk Mitigation Techniques (MRK) as 266-269
shown in Table4.2.a and Table 4.2.b.
4) Disclosureof Asset Securitization, which consists of: 270-271
a) QualitativeDisclosures, which include:
i. General disclosureof risk management, which includes objective of asset 270-271

securitization, the limit ofasset securitization activities in transfering the
banks credit risk to other partys over any transaction that underlay the asset
securitization activities, the banks functions in asset securitization activity, and
an explanation of thebanks involvement in those functions;
ii. Summaryof accounting policies for asset securitization activities, which include, 270-271
transactions treated as sales or funding, recognition of gains from securitization
activities, and assumptions used to assess the presence or absence of on-going
involvement in the securitization activity, including changes from the previous
period and the impact of those changes, and
iii. Names of the rating used in asset securitization activities and asset 270-271
securitization exposures rated by the said agency.
b) Quantitative Disclosure,referred to in Tables 5.1.a through Table 5.2.b, which includes: 272-273
i. SecuritizationTransaction DisclosureasTable5.1.a and Table 5.1.b, and 272-273
ii. SecuritizationTransaction Activity Summary in which the bank acts asthe -
Originator as inTable 5.2.a and Table 5.2.b.
5) Quantitative Disclosure of Credit Risk RWA Calculation using Standardized Approach 274-278
referred to in Table 6.1.1 through Table 6.2.7.
b) Market Risk, which includes: 279-281
1) Standardized measurement method for market risk, comprisedof:
a) Qualitative Disclosures, which include:
i. Information regarding theapplication of risk management including: 279-280

I.1. market risk management organization; 279
I.2. trading bookand banking book portfolio management, as well as the 279-280
valuation methodology used, and
I.3. market risk measurement mechanismfor monitoring and periodic riskand 280
for capital adequacy calculations, both on banking book and on trading
book.
ii. coverage portfolio (trading and banking book) which were taken into account in 280
the Minimum Capital Requirement (CAR), and
iii. measures and plans to anticipate market risk on foreign currency transactions, 280
because of changes in exchange rates and of fluctuations of interest rates,
including descriptions of all fundings and contracts without protection or
hedging, and debts with floating rate or not determined in advance.
b) Quantitative Disclosures, at least including: market risk disclosures using 281
standardized measurement methods as described in Table 7.1.
2) Internal model-based approach to market risk, which consists of: n.a
a) QualitativeDisclosures, which include: n.a
i. Information regarding theapplication of risk management, including:

Peraturan Page
I.1. market risk management organization;
I.2. trading book portfolio management and valuation methodologies used,

and
I.3. market risk measurement mechanism for monitoring and periodic risk for
capital adequacy calculation in the trading book.
ii. Portfolio covered in the Internal Model approach and the valuation policies used
for the calculation of the trading book positions;
iii. For each portfolio covered by the Internal Model approach, disclosure on
the model characteristics, description of stress testingfor the portfolio and
description of the approach used for backtesting/validating the accuracy and
consistency of the internal models and the process ofmodel development;
portfolio using internal models that have been approved by Bank Indonesia,
and the amount of frequency deviation between theValue atRisk (VaR) and the
actual lossesduring the reporting period.
b) QuantitativeDisclosure, at least including market risk disclosures using internal n.a
models (Value at Risk/VaR) as shown Table7.2.a and Table7.2.b.
c) Operational Risk, which includes: 281-286
1) Qualitative Disclosures, including: information on the implementation of risk
management for operational risk, including:
a) operational risk management organization; 281-282
b) the mechanism used by the bank to identify and quantify operational risk, and 282-283
c) a mechanism to mitigate operational risk. 283-286
2) Quantitative Disclosure on operational risk, as described in Table 8.1.a and Table 8.1.b. 283
d) Liquidity Risk, which includes: 286-295
1) Qualitative Disclosures, including: information on the implementation of risk
management for liquidity risk, including:
a) Liquidity risk management organization; 286
b) Early warning indicators of liquidity problems, and 287
c) the mechanisms of measurement and control liquidity risk. 287-288
2) Quantitative Disclosures on liquidity risk, which at least includes:
a) Disclosure of Dollar Maturity Profile as described in Table 9.1.a and Table 9.1.b, and 288-291
b) Disclosure of Foreign Currency Maturity Profile as described in Table 9.2.a and 292-295
Table 9.2.b.
e) Legal Risk, which contains qualitative disclosures about risk management for legal risks 296-297
include the following:
1) legal risk management organization, and 296
2) legal risk control mechanisms. 296-297
f) Strategic Risk, revealed qualitative information regarding the application of strategic risk 297-299
management including the following:
1) strategic risk management organization; 297
2) policy that allows banks to identify and respond to internal and external changes in 297-299
the business environment, and
3) mechanisms to measure the progress of the business plan. 299

Peraturan Page
g) Compliance Risk, qualitative information about risk management for compliance risk 299
including:
1) compliance risk management organization; 299-300
2) the effectiveness of risk management strategies and risk management for 300-301
compliance risk, primarily for ensuring that the development of policies and
procedures are in accordance with generally accepted standards, and prevailing
rules and / or regulations, and
3) monitoring and controlling compliance risk. 301
h) Reputation Risk, qualitative information about risk management for reputation risk include: 301-302
1) organizational reputation risk management, including the implementation of 301-302
reputation risk management by related units (Corporate Secretary, Public Relations,
and the related business units);
2) policies and mechanisms to improve the quality of service to customers and other 302
stakeholders to control reputational risk, and
3) reputation risk management in times of crisis. 302
5. Transparency according to Quarterly Published Financial Statements and
Annual Financial Statements referred to in 2.a and2.b should be accompanied by all aspects of disclosure as Lampiran (L)
required for the quarterly published financial statements.
Such disclosure shall at least include:
a. spot and derivative transactions; L 5/88 - 5/91

b. quantity and quality ofearning assets and other information, among other things:
1) provision of funds to related parties; L 5/188 - 5/192

2) provision of funds to Micro, Small and Medium Enterprises (SMEs)debtors; L 5/92 - 5/99
3) loans classified as special mention (including restructured loans and property loans), and L 5/99
4) Allowance for earning assest losses; L 5/93 - 5/96
c. Bank financial ratios, among others:
1) percentage of breaches or deviations from the established limit (BMPK), and L 5/230 - 5/231
2) the ratio ofthe Net Open Position(NOP) and L 5/207 - 5/208
d. calculation ofthe Minimum Capital Requirement(CAR). L 5/231 - 5/233
6. Disclosure aspects related to the banks Business Group should contain information related to the activities
in the business group, which consists of:
a. Structure of the bank business group, consisting of at least: 98-108
1) business group structure, from the bank, subsidiaries, affiliates, financial holding company, and/or 98-99, 104-108
parent company to the ultimate shareholder;
2) structure of the management relationship in the banks business, and 98
3) shareholders acting on behalf of other shareholders (shareholders acting in concert). The definition 100
of a shareholder acting on behalf of other shareholders is individual shareholders or companies /
legal entities who have the common goal of controlling the bank, based or not based on agreement.
b. transactions between the bank and related parties in the banks business group, taking into account the L 5/66 5/188 - 5/192
following matters:
1) Information of transactions with related parties conducted by the bank or any company or legal L 5/188 - 5/192
entity in the bank business group working in the field of finance;
2) Related party is party as stipulated in the applicable Statement of Financial Accountancy L 5/188 - 5/192
Standard(PSAK);
3) Types of transactions with related party are, among others: L 5/188 - 5/192
a) cross shareholders;
b) transactions from one business group acting for the interest of other business groups;
c) management of short term liquidity centralized in one business group;

Peraturan Page
d) provision of funds distributed or received by another company in one business group;
e) exposure to majority shareholder in the form of loans, commitments and guarantees;
f) buying or selling of assets with another company in a business group, including repurchase
agreements.
c. Funds provision, commitment or other equal facilities of each company or legal entity belonging to one 198
business group with the bank on a debtor already obtaining fund provisions from the bank.
7. Disclosure in accordance with other Financial Accounting Standards on Disclosure Aspects as required by Lampiran (L)
prevailing Financial Accounting Standards which has not been included in the numbers 1 through 6 above.
8. Other Information
Other information coverage consists of:
a. bank assets as collateral; L 5/98

b. other important transactions in significant quantities, and n.a
c. information on important events after the date of the Public Accountant report (subsequent event). 193
Keterangan/ Note: N/A = Not Applicable

Referensi Kriteria Annual Report Award
Criterias + Explanations Page

I. General
1. In good and correct Indonesian, it is recommended to present the report also in English.
2. The annual report should be printed in good quality paper, using the font type and size that allow for easy
reading.
3. Should state clearly the identity of the company.
Name of company and year of the Annual Report is placed on:

1. The front cover;
2. Sides;
3. Back cover;
4. Each page.
4. The Annual Report is presented in the companys website.

Including Present and Previous Annual report
II. Summary of Key Financial Information
1. Result of the Company information in comparative form over a period of 5 financial years or since the 14
commencement of business if the company has been running its business activities for less than 5 years.
The information contained includes:

1. Sales/income from business. 14
2. Profit (loss). 14
3. Total comprehensive profit (loss) 14
4. Net profit (loss) per share. 14
2. Financial information in comparative form over a period of 5 financial years or since the commencement of
business if the company has been running its business activities for less than 5 years.

1. Investments in associated entities
2. Total assets 14
3. Total liabilities 14
4. Total equity 14
14
3. Financial Ratio in comparative form over a period of 5 financial years or since the commencement of business 15-16
if the company has been running its business activities for less than 5 years.
The information contains 5 (five) general financial ratios and relevant to the industry
4. Information regarding share price in the form of tables and graphs. 22-24
1. The information contained includes:

a. Outstanding shares 22-23
b. Market Capitalization 22-23
c. Highest, lowest and closing share price 22-23
d. Trading volume 22-23
2. Information presented on graphs that includes at least the closing price and trading volume of the share 22-23
for each three-month period in the last two (2) financial years (if any).


5. Information regarding bonds, syariah bonds or convertible bonds issued and which are still outstanding in the 24, 26-33
last 2 financial years.

1. The amount/value of bonds/convertible bonds outstanding 24, 26-33
2. Interest rate 24, 26-33
3. Maturity date 24, 26-33
4. Rating of bonds 24, 26-33
III. Board of Commissioners and Board of Directors Report
1. Board of Commissioners Report. 42-49
Contains the following items:

1. Assessment on the performance of the Board of Directors in managing the company and the basis of such 45
assessment 48
2. View on the prospects of the companys business as established by the Board of Directors, and the basis 46
of such view 48
3. Assessment of the performance of the committees under the Board of Commissioners
4. Changes in the composition of the Board of Commissioners (if any) and the reasons of the changes.
2. Board of Directors Report. 52-61

1. Analysis of the companys performance, i.e. strategic policies, comparison between achievement of results 54-57
and targets, and challenges faced by the company.
2. Analysis of Business prospects. 57-58
3. Implementation of Good Corporate Governance by the company. 59
4. Changes in the composition of the Board of Directors (if any), and the reasons of the changes. 60
3. Signature of members of the Board of Directors and Board of Commissioners. 70-71

1. Signatures are set on a separate page. 70-71
2. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the 70-71
accuracy of the annual report.
3. Signed by all members of the Board of Commissioners and Board of Directors, stating their names and 70-71
titles/positions.
4. A written explanation in a separate letter from each member of the Board of Commissioners or Board of 70-71
Directors who refuses to sign the annual report, or:
written explanation in a separate letter from the other members in the event that there is no written
explanation provided by the said member.
IV. Company Profile 74-113
1. Name and address of the company. 79
Includes information on name and address, zip code, telephone and/or facsimile, email, website.
2. Brief history of the company.
Includes among others: date/year of establishment, name and change in the company name, if any. 74-76
Note: should be disclosed if the company never change the name 78-79
3. Field of business.
The descriptions contains the following items:

1. The companys business activities in accordance with the last articles of associations 74-77
2. The companys business activities
3. The types of products and or services produced.
4. Organizational structure.
In the form of a chart, including the names and titles, at least until one level below the board of directors on 80-82
the structure
5. Company Vision and Mission. 84-85
The information should contain:

1. Company vision 84
2. Company mission 85
3. A note that the vision and mission statements have been approved by the Board of Directors/ 84
Commissioners


6. Name, title, and brief curriculum vitae of the members of the Board of Commissioners. 88-90

1. Name 88-90
2. Title (including position in other company or institution)
3. Age 88-90
4. Education (Field of Study and Institutions) 88-90
5. Working experience (Position, Institution/Company and Period Served) 88-90
6. Date of first appointment to the Board of Commissioners in the Company 88-96
7. Name, title, and brief curriculum vitae of the members of the Board of Directors. 91-95

1. Name 91-95
2. Title (including position in other company or institution) 91-95
3. Age 91-95
4. Education (Field of Study and Institutions) 91-95
5. Working experience (Position, Institution/Company and Period Served) 91-95
6. Date of first appointment to the Board of Directors in the Company 91-95
8. Number of employees (comparative in two years) and description of competence building (for example: 96-97
education and training of employees).

1. The number of employees for each level of the organization. 96, 312
2. The number of employees for each level of education. 96, 312
2. The number of employees based on employment status 96
4. The description and data of employees compentencies development program that has been conducted, 306-313
which also reflect equal opportunity to all employees, for each level of the organization; and
5. Expenses of employees compentencies development program incurred. 97-309
9. Composition of shareholders. 98
Should include:
1. The details include the name of 20 largest shareholders and their percentage of ownership; 99
2. The details of shareholders and their percentage of ownership, including:
a. Names of shareholders having 5% or more shares.
b. Directors and Commissioners who own shares. 98
3. Groups of public shareholders with less than 5% ownership each. 98
98
10. List of Subsidiary and/or Affiliate companies (104-108), 152-155
The information contains, among others:

1. Name of Subsidiary/Affiliate 104, 152-155
2. Percentage of share ownership. 104
3. Information on the field of business of Subsidiary/Affiliate. 104-108, 152-155
4. Explanation regarding the operational status of the Subsidiary/Affiliate (already operating or not yet 104-108, 152-155
operating).
11. Companys group structure 108
Companys group structure in the form of a chart, that shows subsidiaries, associated entities, joint venture 108
and special purpose vehicle (SPV)
12. Chronology of shares listing. 101-102
Includes among others:

1. Chronology of shares listing. 101-102
2. Types of corporate action that caused changes in the number of shares. 101-103
3. Changes in the number of shares from the beginning of listing up to the end of the financial year. 101-102
4. Name of Stock Exchange where the company shares are listed. 101
13. Chronology of other securities listing. 103

1. Chronology of other securities listing. 103
2. Types of corporate action that caused changes in the number of securities. 103
3. Changes in the number of securities from the initial listing up to the end of the financial year. 103
4. Name of Stock Exchange where the companys other securities are listed. 103
5. Rating of the securities. 103


14. Name and address of capital market institutions and or supporting professions. 109
The information contains, among others:

1. Name and address of Share Registrar/parties administering the companys shares; 110
2. Name and address of the Public Accountants Office. 110
3. Name and address of the Securities Rating company 109
15. Award and/or certification received by the company on last fiscal year, both on a national scale and 111-113
international scale.
Information should include:

1. Name of the award and or certification. 111-113
2. Year of receiving the award. 111-113
3. Institution presenting the award and or certification. 111-113
4. Period of validity (for certificates). 113
16. Name and address of subsidiary companies and or branch office or representative office (if any) 77, 573-583

1. Name and address of business entities
2. Name and address of branch/representative office
Note: should be disclosed if there is no business entities/branches/representatives
V. Management Analysis and Discussion on Company Performance 114-209
1. Explanation of each business segment. 125-147

2. Performance by business segments, among others:
a. Production/business activity; 125-147
b. Increase/decrease in production capacity; 125-147
c. Sales/income from business; 125-147, 162-170
d. Profitability. 125-147, 162-164
2. Description of companys financial performance.
Financial performance analysis which includes a comparison between the financial performance of the current 171-185
year and that of the previous year, and the cause of the increase/decrease (in the form of narration and
tables), among others concerning:
1. Current assets, non-current assets, and total assets. 171-180
2. Short term liabilities, long term liabilities, total liabilities 180-184
3. Equity 184
4. Sales/operating revenues, expenses and profit (loss), Other comprehensive revenues, and total 163-170
comprehensive profit (loss) 184-185
5. Cash flows
3. Discussion and analysis on the capacity to pay debts and the companys accounts receivable collectibility, by 185-187
presenting the relevant ratios calculated in accordance with the type of industry of the company
Explanation on:
1. Capacity to pay debts in long term and short term 185-180
2. Accounts receivable collectibility. 186
4. Discussion on capital structure and capital structure policies 187-190
Explanation on:
1. Capital structure.
2. Management policies of the capital structure, and the basis of the such policies 187
188-189
5. Discussion on material ties for the investment of capital goods, on last fiscal year. 191
Explanation on:
1. The purpose of such ties. 191
2. Source of funds expected to fulfil the said ties. 191
3. Currency of denomination. 191
4. Steps taken by the company to protect the position of related foreign currency against risks. 191
Note: Should be disclosed if the company has no material ties in investments in capital goods on last fiscal
year.


6. Discussion on investment of capital goods realized in the last fiscal year. 191
Explanation on:
1. Type of the investment of capital goods n.a
2. The purpose of the investment of capital goods n.a
3. Value of the investment of capital goods realized in the last fiscal year. n.a

Note: Should be disclosed if the company has no investments in capital goods realized.
7. Information about the comparison between the target at the beginning of the fiscal year with the results 193-194
achieved (realization), and the target or projected to be achieved for the coming year regarding revenue,
earnings, capital structure, or others that are considered important for the company

1. The comparison between the target at the beginning of the fiscal year with the results achieved (realization 193
2. The target or projected to be achieved for the coming year (at least 1 year) 194
8. Material Information and facts that occurred after the date of the accountants report (subsequent events).. (193)
Description of important events after the date of the accountants report including their impact on performance
and business risks in the future.
Note: should be disclosed if there is no significant events after the date of accountant report
9. Description of the companys business prospects. (194)
Information on the company prospects in connection with industry, economy in general, accompanied with (194-195)
supporting quantitative data if there is a reliable data source.
10. Information on marketing aspects. 195
Information regarding the marketing of the companys products and services, among others concerning the 195
market segment.
11. Description regarding the dividend policy and the date and amount of cash dividend per share and amount 196-197
of dividend per year as announced or paid during the past two (2) years.
Contains description on:

1. Dividen pollicy 196
2. Amount of dividend 196
3. Cash dividend per share 196
4. Pay-out ratio 196
5 The announcement date of cash dividen payment for each year 196
Note: if there is no dividend payment, disclose the reasons for not making a dividend payment
12. Management and/or Employee Stock Ownership Program implemented by the company (ESOP / MSOP). 197, 454
Contains description on:

1. Amount of ESOP/MSOP shares and the realization;
2. Time periode n.a
3. Requirements of rightful employee and/or management 197
4. Exercise price 197
n.a
Note: should be disclosed if there is no such program
13. Use of proceeds from the public offering (in the event that the company is still obligated to report such use of 197
proceeds).
Contains information on:

1. Total funds obtained, n.a
2. Plan for funds utilization, n.a
3. Details of funds utilization, n.a
4. Remaining balance of funds, and n.a
5. Date of General Meeting of Shareholder (or Bondholder) approval on change in the funds utilization plan n.a
(if any).


14. Material information, among others concerning investment, expansion, divestment, acquisition, debt/capital 198
restructuring.

1. The purpose of the transaction; 198
2. The value of transactions or amount being restructured 198
3. Source of funds. 198
Note: should be disclosed if there are no such transactions
15. Information on material transactions with conflict of interest and/or transactions with related parties. 198

1. Name of the transacting parties and nature of related parties;
2. A description of the fairness of the transaction; 198
3. Reason for the transaction 198
4. Realization of transactions during the period. 198
5. Company policies regarding the review mechanism on the transactions 198
6. Compliance with related rules and regulations 198
198
Note: should be disclosed if there are no such transactions
16. Description of changes in regulation which have a significant effect on the company. 199-203, 207
Description should contain among others: any changes in regulation and its impact on the company.
Note: if there is no change in regulation which have a significant effect, to be disclosed
17. Description of changes in the accounting policy. 204-207
Description should contain among others:
Note: Any revision to accounting policies, rationale and impact on the financial statement.
VI. Good Corporate Governance 324
1. Information on the Board of Commissioners. 344-358

1. Description of the responsibility of the Board of Commissioners. 344-347
2. Disclosing the procedure for determining remuneration 356-358
3. Remuneration structure, disclosing the remuneration components and nominal amount of each component 357
for each Commissioner 354-355
4. Frequency of meetings and attendance of the Board of Commissioners in the meetings.
5. Training programs for improving the competence of the Board of Commissioner or orientation program for 358
new member of BOC
6. Disclosing the Board Charter (guidance and work procedure of the Board of Commissioners) 344
2. Information about Independent Commissioner. (348)

1. The criteria of Independent Commissioner 348-349
2. Statement about the independency of each Independent Commissioner 349
3. Information on the Board of Directors. (385)
The information should include:

1. Scope of work and responsibility of each member of the Board of Directors. 385-386, 389-390
2. Frequency and attendace rate of Board of Director in the BOD meetings. 394
3. Frequency and attendace rate of Board of Director in the BOD & BOC joint meetings. 393-397
4. Training programs for improving the competence of the Board of Directors or orientation program for new
member of BOD 401-403
5. Disclosing the Board Charter (guidance and work procedure of the Board of Directors)
385


4. Assessment on members of the Board of Commissioners and Board of Directors 356, 398-399

1. The assessment process on the performance of members of the Board of Commissioners and Directors 356, 398
2. The criteria used in the assessment on the performance of members of the Board of Commissioners and 356, 398
Directors 356, 398
3. The party performing the assessment
5. Description of the remuneration policy for the Board of Directors that is related to the company performance 400-401

1. Remuneration procedures 400
2. Remuneration structure, disclosing the type and amount of short-term and long-term compensation/post 400
service benefits for each member of the Board of Directors
3. Performance indicators to determine the remuneration of the Board of Directors. 400
6. Information on major shareholders and controlling shareholders, directly or indirectly, and also individual 98, 100
shareholders.
In the form of scheme or diagram, except SOE that fully owned by the government.
7. Disclosure of affiliation with other members of the Board of Commissioners and Board of Directors and major 349-350, 391, 413
and/or controlling shareholders.

1. Affiliation between member of the BOD and other BOD members
2. Affiliation between member of the BOD and BOC members
3. Affiliation between member of the BOD and major and/or controlling shareholders
4. Affiliation between member of the BOC and other BOC members
5. Affiliation between member of the BOC and major and/or controlling shareholders
Note: should be disclosed if there are no such affiliations
8. Audit Committee. 359-365

1. Name and title of the members of the Audit Committee. 361-362
2. Qualification of education and work experience of Audit Committee members 361-362
3. Independence of the members of the Audit Committee 361
4. Description of tasks and responsibilities. 359-360
5. Brief report on the activities carried out by the Audit Committee. 364
6. Frequency of meetings and the attendance of the Audit Committee. 363-364
9. Nomination and Remuneration Committee/Function. 372-380

1. Name, title, and brief curriculum vitae of the members of the Nomination and/or Remuneration 374, 378-379
Committee/Function. 373, 378
2. Independence of the members of the Nomination and/or Remuneration Committee/Function. 372, 377
3. Description of the tasks and responsibilities. 376, 380
4. Activities carried out by the Nomination and/or Remuneration Committee/Function. 375, 379-380
5. Frequency of meetings and the attendance rate of the Nomination and/or Remuneration Committee/ 403
Function.
6. Board of Directors sucession policy
10. Other committees of the company under the Board of Commissioners. 366-371, 381-384

1. Name, title, and brief curriculum vitae of the members of the committees 367-368, 382
2. Independence of the members of the committee. 367, 381
3. Description of the tasks and responsibilities. 366, 381
4. Activities carried out by the committees 371, 383-384
5. Frequency of meetings and the attendance rate of other committee. 368-370, 383
11. Description of tasks and function of the Corporate Secretary. . 413-422

1. Name and brief history of the position of Corporate Secretary. 414
2. Description of the tasks performed by the Corporate Secretary. 415
3. Training programs for improving the competence of the Corporate Secretary 414
12. Description of Annual General Meeting of Shareholders (AGMS) of the previous fiscal year. 336-343

1. Resolutions from AGMS of the previous fiscal year 338-343
2. Realization of previous fiscal year AGMS results 338-343
3. Reason if there is a decision of the AGMS has not been realized. n.a


13. Description of the companys internal audit unit. 426-433

1. Name of the head of audit internal unit 427
2. Number of auditors in the unit 430
3. Certification as an internal audit profession 431
4. Structure or position of the internal audit unit 428
5. Description of audit work performed 429
6. The party authorized to appoint/dismiss the head of internal audit unit 427
14. Public accountant. 433-434

1. How many audit periods has the accountant audited the financial statements of the company. 434
2. How many audit periods has the public accountant firm audited the financial statements of the company. 434
3. The amount of fees for the audit and other attestation services (in the event that such accountant provides 434
other attestation services together with the audit) 433
4. Other service provided by the accountant in addition to financial audit.

Note: should be disclosed if there are no other services
15. Description of the companys risk management. 435-439, 212-305

1. Description of risk management systems 435, 212-305
2. Description of evaluation on the effectiveness of risk management systems 438, 212-305
3. Description of risks faced by the company 435-438, 212-305
4. Efforts to manage these risks 435-438, 212-305
16. Description of internal control systems 439-442

1. Short description of the internal control system, including financial and operational control 439-440
2. Description of compatibility between the internal control system and internationally recognized internal
conrol framework (COSO) 440-441
3. Description of evaluation on the effectiveness of internal control system
442
17. Description of corporate social responsibility activities related to environment 442-443, 523-525
Contains information on, among others:

1. Management Policies 442-443, 523-525
2. Activities conducted, environment-related activities, that relevant with operational activity of the company, 442-443, 523-525
such as usage of recycled materials, energy, waste treatment, etc
3. Environment-related certification
n.a
18. Description of corporate social responsibility related to the workforce, work health and safety 444, 525-527

1. Management Policies
2. Activities conducted health and safety-related activities, such as gender equality, equal work opportunity, 444, 525-527
work and safety facilities, employee turnover, work incident rate, training, etc 444, 525-527
19. Description of corporate social responsibility activities related to social and community development. 443, 511-521

1. Management Policies
2. Activities conducted 443, 511-521
3. Cost of the activites social and community development related activities, such as the use of local work 443, 511-521
force, empowerment of local communities, aid for public social facilities, social donations, etc 443
20. Description of corporate social responsibility activities related to responsibility to the consumer. 445, 527-555

1. Management Policies 445, 527-549
2. Activities conducted consumer protection related activities, such as consumer health and safety, product 445, 527-555
information, facility for consumer complaint, number and resolution of consumer complaint cases, etc


21. Important legal cases faced by the Company, subsidiaries, members of the Board of Directors and/or Board 451-453
of Commissioners serving in the period of the annual report.
Information includes among others:

1. Substance of the case/claim. 451-452
2. Status of settlement of case/claim. 451-452
3. Potential impacts on the financial condition of the company. 451-452
4. Administrative sanctions imposed on the Company, the Board of Commissioners and Board of Directors, 452
by the related authorities (capital markets, banking and others) in the last fiscal year (or there is a
statement that is not subject to administrative sanctions).
Notes: in case not litigants, to be disclosed
22 Access to corporate information and data. 457-480
Description on the availability of access to corporate information and data to the public, for example through
website, mass media, mailing list, bulletin, analyst meeting, etc.
23 Discussion of company code of conduct. 481-484

1. Content of the Code of Conduct. 481-483
2. Disclosure on the relevancy of the code of conduct for all levels of the organization 481
3. Socialization of the Code of Conduct 483-484
4. Implementation and enforcement of the code of conduct 483-484
5. Statement concerning the corporate culture. 481
24 Disclosure on the whistleblowing system. 484
Description of the mechanism of the whistleblowing system, including:

1. Mechanism for violation reporting 484-485
2. Protection for the whistleblower 485
3. Handling of violation report 485
4. The unit responsible for handling of violation report. 485
5. Number of received complaint and processed in the last fiscal year and the follow-up handling 486
25 The diversity of the Board of Commissioners and Board of Directors composition. 347, 387
Description of the Companys policy on diversity of the Board of Commissioners and Board of Directors
composition on Education (field of study), work experience, age, and gender.
Note: the reasons and consideration should be disclosed, if there are no such policy
VII. Financial Information Lampiran
1. Statement by the Board of Directors concerning the Responsibility of the Board of Directors on the Financial
Statement.
Compliance with Bapepam-LK Regulation No.VIII.G.11 on Responsibility of the Board of Directors on the
Financial Statement.
2. Independent auditors opinion on the financial statement.
3. Description of the Independent Auditor in the Opinion.
The description contains:

1. Name and signature.
2. Date of the audit report.
3. KAP license number and Public Accountant license number.
4. Comprehensive financial statement. 1/1 - 5/242
Contains all elements of the financial statement:

1. Financial Position (Balance sheet) 1/1 - 1/4
2. Comprehensive Profit loss statement 2/1 - 2/2
3. Statement of changes in equity 3/1 - 3/2
4. Statement of Cash flows. 4/1 - 4/2
5. Notes to the financial statement 5/1 - 5/242
6. Financial position at the start of comparative periods being presented when the company implement
retrospective application of accounting policies, or re-stated its accounts of financial statements, or re-
classified the accounts of its financial statements (where applicable)
5. Comparison of profitability. 2/1 - 2/2
Comparison of profit (loss) from operations for the year by the previous year.


6. Cash Flow Report. 4/1 - 4/2
Meets the following provisions:

1. Grouped into three categories of activity: operational activity, investment, and funding.
2. Uses a direct method reporting for cash flows for operational activity.
3. Separating the presentation between cash receipt and or cash expended during the current year for
operational, investment, and funding activities.
4. Disclosing activities that do not influence the cash flow.
7. Summary of Accounting Policy. 5/20 - 5/66
Includes at least:
1. Statement of compliance to Financial Accounting Standard
2. Basis for the measurement and preparation of financial statements
3. Recognition of revenues and expenses
4. Work compensation
5. Financial instruments
8. Disclosure on transaction with related parties. 5/188 - 5/192
Disclosure of, among others:

1. Name of related party, and nature of relation with related party
2. Amount of transaction and its percentage to total related revenues and expenses
3. Total balance of transaction and its percentage to total assets or liabilities
9. Disclosure related to taxation 5/154 - 5/161
Issues that should be disclosed:

1. Fiscal reconciliation and calculation of current tax.
2. Explanation on the relation between tax expenses (benefit) and accounting/book profit
3. Statement that the amount of Taxable Profit as calculated through reconciliation is in accordance with the
Tax Return.
4. Details of deferred tax assets and liabilities recognized on the financial position (balance sheet) for each
reporting period, and the amount of deferred tax expenses (benefit) recognized in the profit/loss statement
in the event that the amount is not recognizable from the amount of deferred tax assets and liabilities
presented on the financial position (balance sheet)
5. Disclosure of whether or not there is a tax dispute.
10. Disclosure related to Fixed Assets. 5/55, 5/111 -

5/112
1. Depreciation method used
2. Description of the selected accounting policies between the revaluation model and cost model
3. The methods and significant assumptions used in estimating the fair value of fixed assets (revaluation
model) or disclosure of the fair value of fixed assets (cost model)
4. Reconciliation of the gross book value and accumulated depreciation of fixed assets at the beginning and
end of the reporting period, showing any addition, reduction and reclassification.
11. Disclosures relating to operating segment. 5/193 - 5/194

1. General information which includes the factors used to identify segments that are reported;
2. Information about income, assets, and liabilities of the reported segment
3. Reconciliation of total segment revenues, reported segment profit or loss, segment assets, segment
liabilities and other segment material elements to the related number of the entity; and
4. Disclosures at entity level, which includes information about products and/or services, geographic areas
and major customers.
12. Disclosures relating to Financial Instruments. 5/20, 5/33 - 5/36,

5/40 - 5/42, 5/60,
Issues that should be disclosed: 5/71 - 5/72,
1. The Detail of financial instruments based on the classification 5/174, 5/226 -
2. The fair value of each class of financial instruments 5/230
3. Risk management policy
4. Explanation of the risks associated with financial instruments: market risk, credit risk and liquidity risk
5. Risk analysis related to financial instruments quantitatively.
13. Publication of financial statements. 5/19
Issues to be disclosed include:

1. The date that the financial statements is authorized to be published; and
2. The party responsible to authorize the published financial statements.

Consolidated
Financial
Statements
PT Bank Danamon Indonesia Tbk

and Subsidiaries
Consolidated financial statements

as of December 31, 2014 and
for the year then ended
with independent auditors report
2014 Annual
2014
Report PT Bank
PT Bank Indonesia,
Danamon, Tbk. 609
The original consolidated financial statements included herein are in the
Indonesian language.
PT BANK DANAMON INDONESIA Tbk PT BANK DANAMON INDONESIA Tbk

DAN ENTITAS ANAK AND SUBSIDIARIES
LAPORAN POSISI KEUANGAN KONSOLIDASIAN CONSOLIDATED STATEMENT OF
Tanggal 31 Desember 2014 FINANCIAL POSITION
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain As of 31 December 2014
(Expressed in million Rupiah, unless otherwise stated)
1 Januari/
January
2013/31
31 Desember/ 31 Desember/ Desember/
Catatan/ December December December
Notes 2014 2013 2012
ASET ASSETS
Kas 2b,2e,4 2.856.242 2.943.909 2.456.567 Cash
Giro pada Bank Indonesia 2b,2e,2g,2h,5,57 10.268.357 9.261.322 7.718.008 Current accounts with Bank Indonesia
Giro pada bank lain, 2b,2e,2h,2o,6 Current accounts with other banks,
setelah dikurangi penyisihan net of allowance
kerugian penurunan nilai sebesar for impairment losses of
Rp2.700 pada tanggal 31 Desember Rp2,700 as of 31 December 2014
2014 (31 Desember 2013: Rp3.017 (31 December 2013: Rp3,017
dan 1 Januari 2013: RpNihil) and 1 January 2013: RpNil)
- Pihak berelasi 2al,46 285.945 505.178 217.433 Related parties -
- Pihak ketiga 4.571.957 4.829.786 3.500.185 Third parties -
Penempatan pada bank lain dan Bank Placements with other banks and
Indonesia, Bank Indonesia,
setelah dikurangi penyisihan net of allowance
kerugian penurunan nilai sebesar for impairment losses of
Rp4.963 pada tanggal 31 Desember Rp4,963 as of 31 December 2014
dan1 Januari 2013: RpNihil) 2b,2e,2i,2o,7 and 1 January 2013: RpNil)
Efek-efek, Marketable securities,
setelah dikurangi penyisihan net of allowance for
kerugian penurunan nilai sebesar impairment losses of Rp21,442
Rp21.442 pada tanggal 31 Desember as of 31 December 2014
dan 1 Januari 2013: Rp20.781) 2b,2e,2j,2o,8 and 1 January 2013: Rp20,781)
- Pihak berelasi 2al,46 32.175 9.769 - Related parties -
Efek yang dibeli dengan janji dijual Securities purchased under resale
kembali 2e,2k,9 540.541 - 783.752 agreements
Tagihan derivatif 2e,2l,10 Derivative receivables
- Pihak berelasi 2al,46 - - 5.840 Related parties -
- Pihak ketiga 461.291 1.174.517 129.689 Third parties -
Pinjaman yang diberikan, Loans,
setelah dikurangi penyisihan net of allowance for impairment
kerugian penurunan nilai sebesar losses of Rp2,800,918
Rp2.800.918 pada tanggal as of 31 December 2014
31 Desember 2014 (31 December
(31 Desember 2013: Rp2.312.387 2e,2m, 2013: Rp2,312,387 and
dan 1 Januari 2013: Rp2.279.679) 2o,11,57 1 January 2013: Rp2,279,679)
Piutang pembiayaan konsumen, Consumer financing receivables,
kerugian penurunan nilai sebesar losses of Rp1,117,447
Rp1.117.447 pada tanggal as of 31 December 2014
31 Desember 2014 (31 December
(31 Desember 2013: Rp913.771 2013: Rp913,771 and
dan 1 Januari 2013: Rp768.848) 2e,2o,2q,12,57 26.418.852 27.177.831 22.387.035 1 January 2013: Rp768,848)
Investasi sewa pembiayaan, Investment in finance leases,
kerugian penurunan nilai sebesar losses of Rp28,943 as of
Rp28.943 pada tanggal 31 Desember 31 December 2014
dan 1 Januari 2013: Rp2.133) 2e,2o,2r,13,57 1.916.659 1.496.861 236.631 and 1 January 2013: Rp2,133)
Piutang premi 2e,2s Premium receivables
- Pihak ketiga 365.036 116.109 112.748 Third parties -
Aset reasuransi 2e,2s,2ac 670.216 568.311 505.862 Reinsurance assets
Dipindahkan 173.693.806 166.670.953 142.624.023 Carried forward
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. integral part of these consolidated financial statements.
LAMPIRAN 1/1 SCHEDULE


(lanjutan) FINANCIAL POSITION (continued)
Tanggal 31 Desember 2014 As of 31 December 2014
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain) (Expressed in million Rupiah, unless otherwise stated)
1 Januari/
January
2013/31
Notes 2014 2013 2012
Pindahan 173.693.806 166.670.953 142.624.023 Carried forward

Tagihan akseptasi 2e,2o,2w,14 Acceptances receivable
- Pihak berelasi 2al,46 199 - - Related parties -
Obligasi Pemerintah 2e,2j,15 6.605.007 5.598.289 4.062.571 Government Bonds
Pajak dibayar dimuka 2ag,25a 120.823 92.476 92.482 Prepaid tax
Investasi dalam saham 2e,2n,2o,16 157.579 12.175 12.175 Investments in shares
Aset takberwujud, Intangible assets,
setelah dikurangi akumulasi net of accumulated
amortisasi sebesar Rp1.749.850 amortization of Rp1,749,850 as of
pada tanggal 31 Desember 2014 31 December 2014 (31 December
(31 Desember 2013: Rp1.611.864 2013: Rp1,611,864 and
dan 1 Januari 2013: Rp1.475.077) 2p,2t,17 1.367.244 1.378.426 1.439.571 1 January 2013: Rp1,475,077)
Aset tetap, Fixed assets,
setelah dikurangi akumulasi net of accumulated
penyusutan sebesar Rp2.647.429 depreciation of Rp2,647,429 as of
(31 Desember 2013: Rp2.203.428 2013: Rp2,203,428 and
dan 1 Januari 2013: Rp1.912.412) 2p,2u,18,57 2.489.860 2.383.993 2.141.204 1 January 2013: Rp1,912,412)
Aset pajak tangguhan - neto 2ag,25d 1.180.673 1.022.111 903.123 Deferred tax asset - net
Beban dibayar dimuka dan aset lain-lain, Prepayments and other assets,
setelah dikurangi penyisihan kerugian net of allowance for impairment
penurunan nilai sebesar Rp24.615 losses of Rp24,615 as of
pada tanggal 31 Desember 2014 31 December 2014
(31 Desember 2013: Rp43.102 dan 2e,2o,2p, (31 December 2013: Rp43,102
1 Januari 2013: Rp56.989) 2v,10,19,57 and 1 January 2013: Rp56,989)
- Pihak berelasi 2al,46 23.968 286 194 Related parties -
JUMLAH ASET 195.708.593 184.237.348 155.791.308 TOTAL ASSETS


1 Januari/
January
2013/31
Notes 2014 2013 2012
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
LIABILITAS LIABILITIES
Simpanan nasabah 2e,2x,20 Deposits from customers
Simpanan dari bank lain 2e,2x,21 Deposits from other banks
- Pihak berelasi 2al,46 3.034 - - Related parties -
Efek yang dijual dengan janji Securities sold under repurchase
dibeli kembali 2e,2k,15 750.000 759.245 1.048.688 agreements
Pendapatan premi tangguhan 2z 1.235.633 1.004.137 897.250 Deferred premium income
Premi yang belum merupakan pendapatan 2z 976.255 940.109 771.475 Unearned premium reserve
Utang akseptasi 2e,2w,22 Acceptances payable
- Pihak berelasi 2al,46 820.841 - - Related parties -
Efek yang diterbitkan 2e,,2ad,2ae,23 Securities issued
- Pihak berelasi 2al,46 445.555 322.300 - Related parties -
Pinjaman yang diterima 2e,24 Borrowings
- Pihak berelasi 2al,46 1.238.278 2.433.904 1.927.276 Related parties -
Utang pajak 2ag,25b 183.635 234.131 303.747 Taxes payable
Liabilitas derivatif 2e,2l,10 Derivative liabilities
- Pihak berelasi 2al,46 156 - - Related parties -
Liabilitas pajak tangguhan - neto 2ag,25e 154.939 347.424 400.644 Deferred tax liabilities - net
Beban yang masih harus 2e,2z,2ac,
dibayar dan liabilitas lain-lain 2ah,2aj,26 Accruals and other liabilities
- Pihak berelasi 2al,42,46 25.454 54.585 27.523 Related parties -
Pinjaman subordinasi 2e,2af,27 - - - Subordinated loans
Modal pinjaman 28 - - - Loan capital
JUMLAH LIABILITAS 162.691.069 152.684.365 127.057.997 TOTAL LIABILITIES
EKUITAS EQUITY
Ekuitas yang dapat diatribusikan kepada Equity attributable to equity
pemilik entitas induk holders of the parent entity
Modal saham - nilai nominal sebesar Share capital - par value per share
Rp50.000 (nilai penuh) per saham of Rp50,000 (full amount)
untuk seri A for A series shares
dan Rp500 (nilai penuh) per saham and Rp500 (full amount)
untuk seri B for B series shares
Modal dasar - 22.400.000 saham seri A Authorized - 22,400,000 A series
dan 17.760.000.000 shares and 17,760,000,000
saham seri B B series shares
Modal ditempatkan dan disetor penuh - Issued and fully paid -
22.400.000 saham seri A dan 22,400,000 A series shares and
9.562.243.365 saham seri B 29 5.901.122 5.901.122 5.901.122 9,562,243,365 B series shares


1 Januari/
January
2013/31
Notes 2014 2013 2012
EKUITAS (lanjutan) EQUITY (continued)

Ekuitas yang dapat diatribusikan Equity attributable to
kepada pemilik entitas equity holders of the
induk (lanjutan) parent entity (continued)
Tambahan modal disetor 2al,2aj,2ak,30,43 7.391.756 7.391.756 7.391.756 Additional paid-up capital
Modal disetor lainnya 189 189 189 Other paid-up capital
Komponen ekuitas lainnya 2c,2d,2j,2l,8e,10,15e,16 25.472 (111.021) (30.808) Other equity components
Saldo laba (setelah defisit sebesar Retained earnings (after deficit of
Rp32.968.831 dieliminasi melalui Rp32,968,831 was eliminated
kuasi-reorganisasi tanggal through quasi-reorganization on
1 Januari 2001) 1 January 2001)
- Sudah ditentukan penggunaannya 32 276.578 236.161 196.043 Appropriated -
- Belum ditentukan penggunaannya 19.184.409 17.833.266 15.035.340 Unappropriated -
Jumlah saldo laba 19.460.987 18.069.427 15.231.383 Total retained earnings

32.779.526 31.251.473 28.493.642
Kepentingan non-pengendali 2c,47 237.998 301.510 239.669 Non-controlling interests
JUMLAH EKUITAS 33.017.524 31.552.983 28.733.311 TOTAL EQUITY
JUMLAH LIABILITAS DAN TOTAL LIABILITIES AND

EKUITAS 195.708.593 184.237.348 155.791.308 EQUITY
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang The accompanying notes to the consolidated financial statements form an integral
tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.


LAPORAN LABA RUGI KOMPREHENSIF CONSOLIDATED STATEMENT OF
KONSOLIDASIAN COMPREHENSIVE INCOME
Untuk Tahun yang Berakhir pada Tanggal For the Year ended
31 Desember 2014 31 December 2014
Catatan/
Notes 2014 2013
PENDAPATAN DAN BEBAN OPERATING INCOME AND
OPERASIONAL EXPENSES
Pendapatan bunga 2y,2al,33,46 22.991.485 20.130.837 Interest income
Beban bunga 2y,2al,34,46 (9.311.649) (6.599.794) Interest expense
Pendapatan bunga neto 13.679.836 13.531.043 Net interest income
Pendapatan premi asuransi 2z,2ac,2al,46 1.491.543 1.257.956 Insurance premium income

Beban underwriting asuransi 2z,2ac,2al,46 (1.064.261) (770.625) Insurance underwriting expenses
Net insurance underwriting

Pendapatan underwriting asuransi neto 427.282 487.331 income
Pendapatan bunga dan Net interest and

underwriting neto 14.107.118 14.018.374 underwriting income
PENDAPATAN OPERASIONAL OTHER OPERATING

LAINNYA INCOME
Other fees and
Pendapatan provisi dan komisi lain 2aa,35 1.775.407 1.727.686 commission income
Imbalan jasa 36 2.641.680 3.271.255 Fees
(Kerugian)/keuntungan dari perubahan (Losses)/gains from changes
nilai wajar atas instrumen keuangan in fair value of financial
yang diukur pada nilai wajar 2j,2l,2ab,8a, instruments at fair value
melalui laporan laba rugi - neto 10,15a,37 (126.583) 79.796 through profit or loss - net
Keuntungan yang telah Realized gains from
direalisasi atas instrumen derivatif - neto 13.229 207.576 derivative instruments - net
Kerugian atas transaksi Losses from foreign
dalam mata uang asing - neto (7.198) (138.562) exchange transactions - net
Pendapatan dividen 803 4.977 Dividend income
Keuntungan penjualan Gains on sale of
efek-efek dan Obligasi marketable securities and
Pemerintah - neto 2j,8a,15a 38.573 2.910 Government Bonds - net
4.335.911 5.155.638
BEBAN OPERASIONAL LAINNYA OTHER OPERATING EXPENSES

Beban provisi dan komisi lain 2aa,35 (346.537) (354.279) Other fees and commissions expense
General and administrative
Beban umum dan administrasi 2t,2u,38 (3.652.441) (3.688.692) expenses
Beban tenaga kerja 2ah,2al,39,42,
dan tunjangan 43,46 (5.810.672) (5.712.891) Salaries and employee benefits
Penyisihan kerugian penurunan 2o,6,7,8,11, Allowance for impairment
nilai 12,13,19 (3.986.134) (3.347.849) losses
Lain-lain (583.883) (465.143) Others
(14.379.667) (13.568.854)
PENDAPATAN OPERASIONAL NETO 4.063.362 5.605.158 NET OPERATING INCOME


LAPORAN LABA RUGI KOMPREHENSIF CONSOLIDATED STATEMENT
KONSOLIDASIAN (lanjutan) OF COMPREHENSIVE INCOME (continued)
Catatan/
Notes 2014 2013
PENDAPATAN DAN BEBAN NON-OPERATING

BUKAN OPERASIONAL INCOME AND EXPENSES
Pendapatan bukan operasional 40 45.634 43.193 Non-operating income

Beban bukan operasional 41 (555.462 ) (118.138) Non-operating expenses
BEBAN BUKAN NON-OPERATING

OPERASIONAL - NETO (509.828 ) (74.945) EXPENSES - NET
LABA SEBELUM PAJAK

PENGHASILAN 3.553.534 5.530.213 INCOME BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN 2ag,25c (870.872) (1.370.893) INCOME TAX EXPENSE
LABA BERSIH 2.682.662 4.159.320 NET INCOME
Pendapatan Komprehensif Lain Other Comprehensive Income

Aset keuangan tersedia untuk dijual: 2c,2j,8e,15e,16 Available-for-sale financial assets:
Keuntungan/(kerugian) tahun berjalan 235.041 (124.416) Gain/(loss) in current year
Jumlah yang ditransfer ke laba rugi Amount transferred to
sehubungan dengan perubahan profit or loss in respect of
nilai wajar (12.558) (11.431) fair value changes
Arus kas lindung nilai: Cash flow hedge:
Effective portion on fair value
Bagian efektif atas perubahan changes of derivative
nilai wajar instrumen instruments for
derivatif untuk lindung nilai arus kas 2l,10 (84.723) 14.835 cash flow hedge
Pajak penghasilan terkait dengan Income tax relating to components
komponen pendapatan komprehensif lain 25d,25e (2.025) 38.445 of other comprehensive income
Other comprehensive income,

Pendapatan komprehensif lain, setelah pajak 135.735 (82.567) net of tax
JUMLAH LABA KOMPREHENSIF 2.818.397 4.076.753 TOTAL COMPREHENSIVE INCOME
Laba bersih yang dapat diatribusikan

kepada: Net income attributable to:
Pemilik entitas induk 2.604.017 4.041.684 Equity holders of the parent entity
Kepentingan non-pengendali 47 78.645 117.636 Non-controlling interests
2.682.662 4.159.320
Laba komprehensif yang dapat Comprehensive income

diatribusikan kepada: attributable to:
Pemilik entitas induk 2.740.510 3.961.471 Equity holders of the parent entity
Kepentingan non-pengendali 2c,47 77.887 115.282 Non-controlling interests
2.818.397 4.076.753
LABA BERSIH PER BASIC EARNINGS PER
SAHAM DASAR YANG DAPAT SHARE ATTRIBUTABLE TO
DIATRIBUSIKAN KEPADA EQUITY HOLDERS OF
PEMILIK ENTITAS INDUK THE PARENT ENTITY
(NILAI PENUH) 2ai,44 271,69 421,68 (FULL AMOUNT)

The original consolidated financial statements included herein are in the Indonesian language.

LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Atribusi kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Komponen ekuitas lainnya/Other equity
components
Keuntungan/(kerugian)
yang belum direalisasi Bagian
atas efek-efek, efektif atas
Obligasi Pemerintah, dan perubahan nilai
investasi dalam saham wajar instrumen Saldo laba/
dalam kelompok tersedia derivatif untuk Retained earnings Jumlah
untuk dijual- lindung nilai sebelum
neto/Unrealized arus kas/ kepentingan
Tambahan gains/(losses) on Effective portion Sudah non- Kepentingan
modal Modal available-for-sale on fair value ditentukan Belum pengendali/ non-
disetor/ disetor marketable securities, changes of penggunaan ditentukan Total before pengendali/
Additional lainnya/ Government derivative nya/ penggunaan- non- Non- Jumlah
Catatan/ Modal saham/ paid-up Other paid- Bonds, and instruments for Appro- nya/Unappro- controlling controlling ekuitas/
Notes Share capital capital up capital investments in shares-net cash flow hedge priated priated interests interests Total equity
Saldo pada tanggal 31 Desember 2013 5.901.122 7.391.756 189 (116.646) 5.625 236.161 17.833.266 31.251.473 301.510 31.552.983 Balance as of 31 December 2013
Jumlah laba komprehensif Total comprehensive income
tahun berjalan for the year
Laba bersih tahun berjalan - - - - - - 2.604.017 2.604.017 78.645 2.682.662 Net income for the year
Pendapatan komprehensif lain, Other comprehensive income,
setelah pajak net of tax
nilai wajar instrumen derivatif instruments for
untuk lindung nilai arus kas 2c,2l,10,47 - - - - (69.029) - - (69.029) (2.331) (71.360) cash flow hedge
Keuntungan yang belum direalisasi Unrealized gains on available-
atas efek-efek, Obligasi for-sale marketable
Pemerintah, dan investasi securities, Government
dalam saham dalam kelompok 2c,2j,8e, Bonds, and investment
tersedia untuk dijual - neto 15e,47 - - - 205.522 - - - 205.522 1.573 207.095 in shares - net
Total other comprehensive
Jumlah pendapatan komprehensif lain - - - 205.522 (69.029) - - 136.493 (758) 135.735 income
tahun berjalan - - - 205.522 (69.029) - 2.604.017 2.740.510 77.887 2.818.397 for the year
Pembentukan cadangan umum Appropriation for general
dan wajib 31,32 - - - - - 40.417 (40.417) - - - and legal reserve
Pembagian dividen tunai 31 - - - - - - (1.212.457) (1.212.457) (141.399) (1.353.856) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2014 5.901.122 7.391.756 189 88.876 (63.404) 276.578 19.184.409 32.779.526 237.998 33.017.524 Balance as of 31 December 2014
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to the consolidated financial statements form an integral
dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.


LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN (lanjutan) CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (continued)
Atribusi kepada pemilik entitas induk/Attributable to equity holders of the parent entity
Komponen ekuitas lainnya/Other equity
components
yang belum direalisasi
atas efek-efek, Bagian
Obligasi Pemerintah, dan efektif atas
investasi dalam saham perubahan nilai Saldo laba/
dalam kelompok tersedia wajar instrumen Retained earnings Jumlah
untuk dijual- derivatif untuk sebelum
neto/Unrealized lindung nilai arus kepentingan
Tambahan gains/(losses) on kas/ Effective Sudah non- Kepentingan
modal Modal available-for-sale portion on fair ditentukan Belum pengendali/ non-
disetor/ disetor marketable securities, value changes of penggunaan ditentukan Total before pengendali/
Additional lainnya/ Government derivative nya/ penggunaan- non- Non- Jumlah
Catatan/ Modal saham/ paid-up Other paid- Bonds, and instruments for Appro- nya/Unappro- controlling controlling ekuitas/
Notes Share capital capital up capital investments in shares-net cash flow hedges priated priated interests interests Total equity
Saldo pada tanggal 31 Desember 2012 5.901.122 7.391.756 189 (12.228) (18.580) 196.043 15.035.340 28.493.642 239.669 28.733.311 Balance as of 31 December 2013
Laba bersih tahun berjalan - - - - - - 4.041.684 4.041.684 117.636 4.159.320 Net income for the year
nilai wajar instrumen derivatif 2c,2l,10,47 instruments for
untuk lindung nilai arus kas - - - - 24.205 - - 24.205 (371) 23.834 cash flow hedge
Kerugian yang belum direalisasi Unrealized loss on available
atas efek-efek dan Obligasi for sale marketable
Pemerintah dalam kelompok 2c,2j,8e, securities and Government
tersedia untuk dijual - neto 15e,47 - - - (104.418) - - - (104.418) (1.983) (106.401) Bonds - net
Jumlah pendapatan komprehensif lain - - - (104.418) 24.205 - - (80.213) (2.354) (82.567) income
tahun berjalan - - - (104.418) 24.205 - 4.041.684 3.961.471 115.282 4.076.753 for the year
Penambahan kepentingan non-pengendali - - - - - - - - 3 3 Addition to non-controlling interests
dan wajib 31,32 - - - - - 40.118 (40.118) - - - and legal reserve
Pembagian dividen tunai 31 - - - - - - (1.203.640) (1.203.640) (53.444) (1.257.084) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2013 5.901.122 7.391.756 189 (116.646) 5.625 236.161 17.833.266 31.251.473 301.510 31.552.983 Balance as of 31 December 2013
Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan The accompanying notes to the consolidated financial statements form an integral
dari laporan keuangan konsolidasian secara keseluruhan. part of these consolidated financial statements.


LAPORAN ARUS KAS KONSOLIDASIAN CONSOLIDATED STATEMENTS OF CASH FLOWS
Catatan/
Notes 2014 2013
Arus kas dari kegiatan operasi: Cash flows from operating activities:
Pendapatan bunga, provisi, dan komisi 13.091.755 16.496.612 Interest income, fees, and commissions
Penerimaan dari transaksi pembiayaan Receipts from consumer financing
konsumen 31.419.987 27.566.425 transactions
Pengeluaran untuk transaksi pembiayaan Payments of new consumer
konsumen baru (19.886.838) (27.727.749) financing transactions
Payments of interest, fees, and
Pembayaran bunga, provisi, dan komisi (8.754.125) (5.836.440) commissions
Payments of interests
Pembayaran bunga dari efek yang diterbitkan (553.367) (1.187.256) on securities issued
Penerimaan dari kegiatan asuransi 446.638 758.993 Receipts from insurance operation
Pendapatan operasional lainnya 2.645.867 3.277.844 Other operating income
(Kerugian)/keuntungan atas transaksi mata (Losses)/gains from foreign
uang asing - neto (37.792) 324.753 exchange transactions - net
Beban operasional lainnya (8.995.080) (8.884.562) Other operating expenses
Beban bukan operasional - neto (210.159) (78.163) Non-operating expenses - net
Arus kas sebelum perubahan Cash flows before changes in

dalam aset dan liabilitas operasi 9.166.886 4.710.457 operating assets and liabilities
Perubahan dalam aset dan liabilitas Changes in operating assets

operasi: and liabilities:
Penurunan/(kenaikan) aset Decrease/(increase) in operating
operasi: assets:
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia - jatuh tempo and Bank Indonesia -
lebih dari 3 bulan sejak maturing more than 3 months
tanggal perolehan (1.527.512) 244.647 from the date of acquisition
Efek-efek dan Obligasi Pemerintah - Marketable securities and
diperdagangkan (455.028) (12.018) Government Bonds - trading
Efek yang dibeli dengan janji Securities purchased under
dijual kembali (540.541) 783.752 resale agreements
Pinjaman yang diberikan (7.369.646) (13.243.487) Loans
Investasi sewa pembiayaan (419.798) (1.260.230) Investment in finance leases
Beban dibayar dimuka dan
aset lain-lain 447.216 (194.536) Prepayments and other assets
Kenaikan/(penurunan) liabilitas Increase/(decrease) in
operasi: operating liabilities:
Simpanan nasabah: Deposits from customers:
- Giro 2.050.862 5.411.282 Current accounts -
- Tabungan 3.027.783 4.742.990 Savings -
- Deposito berjangka 1.926.974 5.178.325 Time deposits -
Simpanan dari bank lain 730.417 (1.129.263) Deposits from other banks
Beban yang masih harus dibayar
dan liabilitas lain-lain (214.974) 1.769 Accruals and other liabilities
Pembayaran pajak penghasilan Income tax paid during
selama tahun berjalan (1.322.196) (1.561.180) the year
Kas neto diperoleh dari Net cash provided by

kegiatan operasi 5.500.443 3.672.508 operating activities

PT BANK DANAMON INDONESIA Tbk

PT BANK DANAMON INDONESIA Tbk AND SUBSIDIARIES
DAN ENTITAS ANAK CONSOLIDATED STATEMENTS OF CASH FLOWS
LAPORAN ARUS KAS KONSOLIDASIAN (lanjutan) (continued)
Catatan/
Notes 2014 2013
Arus kas dari kegiatan investasi: Cash flows from investing activities:
Penerimaan dari efek-efek dan Obligasi Proceeds from sales of and matured
Pemerintah yang dijual dan telah marketable securities and Government
jatuh tempo - dimiliki hingga Bonds - held-to-maturity and
jatuh tempo dan tersedia untuk dijual 10.848.826 7.588.719 available-for-sale
Pembelian efek-efek dan Obligasi Acquisition of marketable securities
Pemerintah - dimiliki hingga jatuh tempo and Government Bonds - held-to-
dan tersedia untuk dijual (12.009.635) (9.558.586) maturity and available-for-sale
Perolehan aset tetap dan perangkat lunak 17,18,56 (852.717) (887.286) Acquisition of fixed assets and softwares
Hasil penjualan aset tetap 18 83.962 67.367 Proceeds from sale of fixed assets
Penerimaan hasil investasi 281.202 195.001 Receipt from investment
Penempatan deposito (318.100) (16.758) Placement in deposits
Penerimaan dividen kas 803 4.977 Receipt of cash dividends
Kas neto digunakan untuk Net cash used in
kegiatan investasi (1.965.659) (2.606.566) investing activities
Arus kas dari kegiatan pendanaan: Cash flows from financing activities:
Penurunan efek yang dijual Decrease in securities sold
dengan janji dibeli kembali (9.245) (289.443) under repurchase agreements
Pembayaran pokok obligasi (3.331.000) (4.787.000) Payments of principal on bonds issued
Penerimaan dari penerbitan obligasi 3.286.351 4.704.695 Proceeds from bonds issuance
Pembayaran dividen tunai (1.071.057) (1.257.084) Payments of cash dividends
Penerimaan pinjaman dalam rangka Proceeds from borrowings in
pembiayaan bersama 11.998.043 11.307.302 relation to joint financing
Pembayaran pinjaman dalam rangka Repayment of borrowings
pembiayaan bersama (10.588.181) (8.756.219) in relation to joint financing
(Penurunan)/kenaikan pinjaman yang diterima (2.981.491) 2.497.277 (Decrease)/increase in borrowings
Kas neto (digunakan untuk)/diperoleh Net cash (used in)/provided by

dari kegiatan pendanaan (2.696.580) 3.419.528 financing activities
Kenaikan kas dan Net increase in cash

setara kas - neto 838.204 4.485.470 and cash equivalents
Kas dan setara kas pada Cash and cash equivalents at

awal tahun 24.518.596 20.033.126 beginning of the year

akhir tahun 25.356.800 24.518.596 end of the year
Kas dan setara kas terdiri dari: 2b Cash and cash equivalents consist of:
Kas 4 2.856.242 2.943.909 Cash
Giro pada Bank Indonesia 5 10.268.357 9.261.322 Current accounts with Bank Indonesia
Giro pada bank lain 6 4.860.602 5.337.981 Current accounts with other banks
Penempatan pada bank lain dan Bank Placements with other banks and Bank
Indonesia - jatuh tempo sampai dengan Indonesia - maturing within 3 months
3 bulan sejak tanggal perolehan 7.371.599 6.975.384 from the date of acquisition
Jumlah kas dan setara kas 25.356.800 24.518.596 Total cash and cash equivalents


CATATAN ATAS LAPORAN NOTES TO THE CONSOLIDATED
KEUANGAN KONSOLIDASIAN FINANCIAL STATEMENTS
dan untuk Tahun yang Berakhir pada Tanggal tersebut and for the Year Then Ended
1. UMUM 1. GENERAL
a. Pendirian dan informasi umum Bank a. Establishment and general information of the
Bank
PT Bank Danamon Indonesia Tbk (Bank), PT Bank Danamon Indonesia Tbk (the Bank),
berkedudukan di Jakarta, didirikan pada tanggal domiciled in Jakarta, was established on 16 July
16Juli 1956 berdasarkan akta notaris Meester Raden 1956 based on the notarial deed No. 134 of Meester
Soedja, S.H. No. 134. Akta pendirian ini disahkan oleh Raden Soedja, S.H. The deed of establishment was
Menteri Kehakiman Republik Indonesia dengan Surat ratified by the Minister of Justice of the Republic of
Keputusan No. J.A.5/40/8 tanggal 24 April 1957 dan Indonesia in its decision letter No. J.A.5/40/8 dated
telah diumumkan dalam Tambahan No. 664, pada 24 April 1957 and was published in Supplement
Berita Negara Republik Indonesia No. 46 tanggal No. 664 to the State Gazette of Republic of
7 Juni 1957. Indonesia No. 46 dated 7June 1957.
Bank memperoleh izin usaha sebagai bank umum, The Bank obtained a license as a commercial bank,
bank devisa, dan bank yang melakukan kegiatan a foreign exchange bank, and a bank engaged in
berdasarkan prinsip Syariah masing-masing activities based on Sharia principles based on the
berdasarkan surat keputusan Menteri Keuangan decision letter No. 161259/U.M.II of the Minister of
No. 161259/U.M.II tanggal 31 Desember 1958, surat Finance dated 31 December 1958, the decision
keputusan Direksi Bank Indonesia (BI) letter No. 21/10/Dir/UPPS of the Board of Directors
No. 21/10/Dir/UPPS tanggal 5 November 1988 dan of Bank Indonesia (BI) dated 5November 1988
Surat Direktorat Perizinan dan Informasi Perbankan and the letter of the Directorate of Licensing and
No. 3/744/DPIP/Prz tanggal 31Desember 2001. Banking Information No. 3/744/DPIP/Prz dated
31 December 2001, respectively.
Anggaran Dasar Bank telah mengalami beberapa kali The Banks Articles of Association has been
perubahan, perubahan terakhir dilakukan amended several times, the latest amendment was
sehubungan dengan (i) pernyataan kembali seluruh made in relation to (i) the restatement of all articles in
pasal dalam Anggaran Dasar Perseroan melalui akta the Companys Articles of Association by notarial
notaris No. 27 tanggal 30 Maret 2011, yang dibuat di deed No. 27 dated 30 March 2011, made before
hadapan P. Sutrisno A. Tampubolon, S.H., M.Kn, P. Sutrisno A. Tampubolon, S.H., M.Kn, Notary in
Notaris di Jakarta, yang telah diterima serta dicatat Jakarta, which had been received and registered in
dalam Database Sistem Administrasi Badan Hukum the Legal Entity Administrative System Database of
Kementerian Hukum dan Hak Asasi Manusia the Ministry of Law and Human Rights of the
Republik Indonesia No. AHU-AH.01.10-12461 Republic of Indonesia No. AHU-AH.01.10-12461
tanggal 27 April 2011 dan pemberitahuan perubahan dated 27 April 2011 and the notification of such
telah diterima oleh Kantor Pendaftaran Perusahaan amendment had been received by the Company
Kotamadya Jakarta Selatan pada tanggal 15 Juni Registration Office of South Jakarta district on
2011, dan (ii) penambahan modal ditempatkan dan 15 June 2011, and (ii) the increase of issued and
disetor Bank dalam rangka Penawaran Umum paid-up capital in conjunction with Limited Public
Terbatas V dengan menerbitkan Hak Memesan Efek Offering V by issuing the Pre-emptive Rights by
Terlebih Dahulu dengan akta notaris No.12 tanggal notarial deed No.12 dated 12 October 2011, made
12 Oktober 2011, yang dibuat di hadapan Fathiah before Fathiah Helmi S.H., Notary in Jakarta, which
Helmi S.H., Notaris di Jakarta, yang telah diterima had been received and registered in the Legal Entity
serta dicatat dalam Database Sistem Administrasi Administrative System Database of the Ministry of
Badan Hukum Kementerian Hukum dan Hak Asasi Law and Human Rights of the Republic of Indonesia
Manusia Republik Indonesia No. AHU-AH.01.10- No. AHU-AH.01.10-32958 dated 13 October 2011
32958, tertanggal 13 Oktober 2011 dan and the notification of such amendment had been
pemberitahuan perubahan telah diterima oleh Kantor received by the Company Registration Office of
Pendaftaran Perusahaan Kotamadya Jakarta Selatan South Jakarta district on 22 December 2011.
tanggal 22 Desember 2011.


1. UMUM (lanjutan) 1. GENERAL (continued)
a. Pendirian dan informasi umum Bank (lanjutan) a. Establishment and general information of the
Bank (continued)
Sesuai dengan pasal 3 Anggaran Dasar Bank, ruang According to article 3 of the Banks Articles of
lingkup kegiatan Bank adalah menjalankan kegiatan Association, the Banks scope of activities is to
usaha di bidang perbankan sesuai dengan undang- engage in general banking services in accordance
undang dan peraturan yang berlaku, dan melakukan with prevailing laws and regulations, and to engage
kegiatan perbankan lainnya berdasarkan prinsip in other banking activities based on Sharia
Syariah. Bank mulai melakukan kegiatan berdasarkan principles. The Bank started its activities based on
prinsip Syariah tersebut sejak tahun 2002. the Sharia principles since 2002.
Sejak Maret 2004, Bank mulai melakukan kegiatan Since March 2004, the Bank has started to engage
usaha mikro dengan nama Danamon Simpan Pinjam. in micro business under the name Danamon Simpan
Pinjam.
Kantor pusat Bank berlokasi di gedung Menara Bank The Banks head office is located at Menara Bank
Danamon, Jalan Prof. Dr. Satrio Kav. E4 No.6 Mega Danamon building, Jalan Prof. Dr. Satrio Kav. E4
Kuningan, Jakarta. Pada tanggal No. 6, Mega Kuningan, Jakarta. As of
31 Desember 2014, Bank mempunyai cabang- 31 December 2014, the Bank had the following
cabang dan kantor-kantor pembantu sebagai berikut: branches and representative offices as follows:
Jumlah/Total*
Kantor cabang utama konvensional 75 Conventional main branches

Kantor cabang pembantu konvensional dan Conventional sub-branches and
Danamon Simpan Pinjam 1.286 Danamon Simpan Pinjam
Kantor cabang utama dan kantor cabang Sharia branches
pembantu Syariah 52 and sub-branches
*sesuai ijin Bank Indonesia (BI) as approved by Bank Indonesia (BI)*
Seluruh kantor cabang, kantor cabang pembantu, dan The conventional and Sharia branches and sub-
kantor cabang Syariah berlokasi di berbagai pusat branches are located in various major business
bisnis yang tersebar di seluruh Indonesia. centres throughout Indonesia.
b. Penawaran umum saham Bank b. Public offering of the Banks shares
Pada tanggal 8 Desember 1989, berdasarkan Izin On 8 December 1989, based on the license from the
Menteri Keuangan No. SI-066/SHM/MK.10/1989 Minister of Finance No. SI-066/SHM/MK.10/1989
tertanggal 24 Oktober 1989, Bank melakukan dated 24 October 1989, the Bank undertook an
Penawaran Umum Perdana atas 12.000.000 saham Initial Public Offering (IPO) of 12,000,000 shares
dengan nilai nominal Rp1.000 per saham (nilai with par value of Rp1,000 per share (full amount).
penuh). Pada tanggal 8 Desember 1989, seluruh On 8 December 1989, these shares were listed at
saham ini telah dicatatkan di Bursa Efek Jakarta the Jakarta Stock Exchange (known as Indonesia
(sekarang bernama Bursa Efek Indonesia setelah Stock Exchange, after being merged with the
digabungkan dengan Bursa Efek Surabaya). Surabaya Stock Exchange).


b. Penawaran umum saham Bank (lanjutan) b. Public offering of the Banks shares (continued)
Setelah itu, Bank melakukan penambahan jumlah Subsequently, the Bank increased its listed shares
saham-saham terdaftar melalui saham bonus, through bonus shares, Limited Public Offerings with
Penawaran Umum Terbatas dengan Hak Memesan Pre-emptive Rights (Rights Issue) I, II, III, IV, and V
Efek Terlebih Dahulu (Rights Issue) I, II, III, IV, dan V and through Employee/Management Stock Option
dan dalam rangka Program Kompensasi Program (E/MSOP).
Karyawan/Manajemen Berbasis Saham (E/MSOP).
Bank menerima Surat Pemberitahuan Efektif The Bank received Effective Letter
No. S-2196/PM/1993 dari Badan Pengawasan Pasar No.S-2196/PM/1993 from Capital Market and
Modal dan Lembaga Keuangan (Bapepam dan Financial Institution Supervisory Board (Bapepam
LK), dahulu bernama Badan Pengawas Pasar and LK), previously Capital Market Supervisory
Modal (Bapepam), sehubungan dengan Board (Bapepam), in conjunction with Limited
Penawaran Umum Terbatas I dengan Hak Public Offering I with Pre-emptive Rights on
Memesan Efek Terlebih Dahulu pada tanggal 24 December 1993.
24 Desember 1993.
No. S-608/PM/1996 dari Bapepam dan LK, dahulu No. S-608/PM/1996 from Bapepam and LK,
bernama Bapepam, sehubungan dengan Penawaran previously Bapepam, in conjunction with Limited
Umum Terbatas II dengan Hak Memesan Efek Public Offering II with Pre-emptive Rights on
Terlebih Dahulu pada tanggal 29 April 1996. 29 April 1996.
No. S-429/PM/1999 dari Bapepam dan LK, dahulu No. S-429/PM/1999 from Bapepam and LK,
bernama Bapepam, sehubungan dengan Penawaran previously Bapepam, in conjunction with Limited
Umum Terbatas III dengan Hak Memesan Efek Public Offering III with Pre-emptive Rights on
Terlebih Dahulu pada tanggal 29 Maret 1999. 29 March 1999.
No. S-2093/BL/2009 dari Bapepam dan LK No. S-2093/BL/2009 from Bapepam and LK in
sehubungan dengan Penawaran Umum Terbatas IV conjunction with Limited Public Offering IV with Pre-
dengan Hak Memesan Efek Terlebih Dahulu pada emptive Rights on 20 March 2009.
tanggal 20 Maret 2009.
Bank menerima Surat Pemberitahuan Efektif No. S- The Bank received Effective Letter
9534/BL/2011 dari Bapepam dan LK sehubungan No. S-9534/BL/2011 from Bapepam and LK in
dengan Penawaran Umum Terbatas V dengan Hak conjunction with Limited Public Offering V with Pre-
Memesan Efek Terlebih Dahulu pada tanggal emptive Rights on 24 August 2011.
24 Agustus 2011.


Sesuai dengan akta notaris No. 55 tanggal In accordance with notarial deed No. 55 dated
24 Agustus 2011 yang dibuat di hadapan Fathiah 24 August 2011 of Fathiah Helmi, S.H., Notary in
Helmi, S.H., Notaris di Jakarta, para pemegang Jakarta, the Banks shareholders through the
saham Bank melalui Rapat Umum Pemegang Saham Extraordinary General Meeting of Shareholders
Luar Biasa (RUPSLB) pada tanggal 24 Agustus (EGMS) dated 24 August 2011 approved the
2011 telah menyetujui rencana untuk melakukan Banks plan to conduct the Limited Public Offering
Penawaran Umum Terbatas dengan Hak Memesan with pre-emptive rights (Rights Issue) V, with the
Efek Terlebih Dahulu (Rights Issue) V, dengan jumlah approved maximum new shares issued by the Bank
saham baru yang akan dikeluarkan oleh Bank of 1,162,285,399 B series shares. In accordance
sebanyak-banyaknya 1.162.285.399 saham seri B. with the Shareholders Register dated 26 September
Sesuai dengan Daftar Pemegang Saham pada 2011, an allotment date of the above Rights Issue,
tanggal 26 September 2011 yang merupakan tanggal the total new shares issued in conjunction with
penjatahan Rights Issue tersebut di atas, jumlah Rights Issue V was 1,162,285,399 B series shares.
saham baru yang dikeluarkan dalam rangka Rights
Issue V adalah sebanyak 1.162.285.399 saham seri
B.
Berikut adalah kronologis pencatatan saham Bank The chronological overview of the Banks issued
pada bursa efek di Indonesia sejak Penawaran shares on the stock exchanges in Indonesia since
Umum Perdana: the Initial Public Offering is as follows:
Saham Seri A/
A Series Shares
Saham yang berasal dari Penawaran Umum
Perdana pada tahun 1989 12.000.000 Shares from Initial Public Offering in 1989
Saham pendiri 22.400.000 Founders shares
Saham bonus yang berasal dari kapitalisasi Bonus shares from capitalisation
tambahan modal disetor - agio saham of additional paid-up capital - capital
pada tahun 1992 34.400.000 paid in excess of par value in 1992
Saham yang berasal dari Penawaran
Umum Terbatas dengan Hak Memesan
Efek Terlebih Dahulu (Rights Issue) I Shares from Limited Public Offering with
pada tahun 1993 224.000.000 Pre-emptive Rights (Rights Issue) I in 1993
Saham bonus yang berasal dari kapitalisasi Bonus shares from capitalisation of additional
tambahan modal disetor - agio saham paid-up capital - capital paid in excess of
pada tahun 1995 112.000.000 par value in 1995
Umum Terbatas dengan Hak Memesan
Efek Terlebih Dahulu (Rights Issue) II Shares from Limited Public Offering with
pada tahun 1996 560.000.000 Pre-emptive Rights (Rights Issue) II in 1996
Saham pendiri pada tahun 1996 155.200.000 Founders shares in 1996
Saham yang berasal dari perubahan nilai
nominal saham pada tahun 1997 1.120.000.000 Shares resulting from stock split in 1997
2.240.000.000
Peningkatan nilai nominal saham : 20 Increase in par value to

menjadi Rp10.000 (nilai penuh) Rp10,000 (full amount) per share
per saham melalui pengurangan through reduction in total number
jumlah saham (reverse stock split) of shares (reverse stock split)
pada tahun 2001 112.000.000 in 2001
Peningkatan nilai nominal saham :5 Increase in par value to
menjadi Rp50.000 (nilai penuh) Rp50,000 (full amount) per share
pada tahun 2003 22.400.000 in 2003
Jumlah saham seri A pada tanggal Total A series shares
31 Desember 2014 (Catatan 29) 22.400.000 as of 31 December 2014 (Note 29)


Saham Seri B/
B Series Shares
Umum Terbatas dengan Hak
Memesan Efek Terlebih Dahulu Shares from Limited Public Offering with
(Rights Issue) III pada tahun 1999 215.040.000.000 Pre-emptive Rights (Rights Issue) III in 1999
Saham yang diterbitkan dalam rangka
penggabungan usaha dengan PDFCI Shares issued in connection with the Banks
pada tahun 1999 45.375.000.000 merger with the former PDFCI in 1999
Saham yang diterbitkan dalam rangka Shares issued in connection with the
penggabungan usaha dengan Bank Tiara Banks merger with Bank Tiara
pada tahun 2000 35.557.200.000 in 2000
Saham yang diterbitkan dalam rangka
penggabungan usaha dengan 7 BTO* Shares issued in connection
(Taken-Over Banks) lainnya pada with the Banks merger with 7 Taken-Over
tahun 2000 192.480.000.000 Banks* (BTOs) in 2000
488.452.200.000
Peningkatan nilai nominal saham : 20 Increase in par value
menjadi Rp100 (nilai penuh) to Rp100 (full amount) per share
per saham melalui pengurangan through reduction in total number of
jumlah saham (reverse stock split) shares (reverse stock split)
pada tahun 2001 24.422.610.000 in 2001
Peningkatan nilai nominal saham :5 Increase in par value to
menjadi Rp500 (nilai penuh) Rp500 (full amount) per share
pada tahun 2003 4.884.522.000 in 2003
Umum Terbatas dengan Hak Shares from Limited Public
Memesan Efek Terlebih Dahulu Offering with Pre-emptive Rights
(Rights Issue) IV pada tahun 2009 3.314.893.116 (Rights Issue) IV in 2009
Umum Terbatas dengan Hak Shares from Limited Public
Memesan Efek Terlebih Dahulu Offering with Pre-emptive Rights
(Rights Issue) V pada tahun 2011 1.162.285.399 (Rights Issue) V in 2011
Saham yang diterbitkan dalam rangka Shares issued in connection
Program Kompensasi Karyawan/ with Employee/Management Stock
Manajemen Berbasis Saham (tahap I-III) Option Program (tranche I-III)
- 2005 13.972.000 2005 -
- 2006 24.863.000 2006 -
- 2007 87.315.900 2007 -
- 2008 13.057.800 2008 -
- 2009 29.359.300 2009 -
- 2010 26.742.350 2010 -
- 2011 5.232.500 2011 -
Jumlah saham seri B pada tanggal Total B series shares as of
31 Desember 2014 (Catatan 29) 9.562.243.365 31 December 2014 (Note 29)
* 7 BTO terdiri dari PT Bank Duta Tbk, PT Bank Rama Tbk, * 7 BTOs consist of PT Bank Duta Tbk, PT Bank Rama Tbk,
PT Bank Tamara Tbk, PT Bank Nusa Nasional Tbk, PT Bank PT Bank Tamara Tbk, PT Bank Nusa Nasional Tbk, PT Bank
Pos Nusantara, PT Jayabank International, dan PT Bank Pos Nusantara, PT Jayabank International, and PT Bank
Risjad Salim Internasional. Risjad Salim Internasional.


c. Entitas Anak c. Subsidiaries
Bank mempunyai kepemilikan langsung pada Entitas The Bank has a direct ownership interest in the
Anak sebagai berikut: following Subsidiaries:
Tahun
Persentase kepemilikan/ beroperasi
Percentage of Jumlah aset/Total
komersial/
ownership assets
Year commercial
Nama entitas anak/ Kegiatan usaha/ Domisili/ operations
Name of subsidiary Business activity Domicile 2014 2013 commenced 2014 2013
PT Adira Dinamika Jakarta,
Multi Finance Tbk Pembiayaan/Financing Indonesia 95% 95% 1990 29.930.882 30.994.411
PT Asuransi Adira Jakarta,
Dinamika Asuransi/Insurance Indonesia 90% 90% 1997 4.634.693 3.936.693
PT Adira Quantum Jakarta,
Multifinance Pembiayaan/Financing Indonesia 99% 99% 2003 278.759 335.366
Pada tanggal 26 Januari 2004, Bank telah On 26 January 2004, the Bank signed a Conditional
menandatangani Perjanjian Jual Beli Bersyarat Sale and Purchase Agreement (CSPA) to acquire
(PJBB) untuk mengakuisisi 75% dari jumlah saham 75% of the issued shares of PT Adira Dinamika Multi
yang dikeluarkan PT Adira Dinamika Multi Finance Finance Tbk (ADMF) with a purchase price of
Tbk (ADMF) dengan harga perolehan Rp850.000. Rp850,000. The closing date of this acquisition was
Akuisisi ini diselesaikan pada tanggal 7 April 2004. on 7 April 2004. Based on the CSPA, the Bank is
Sesuai dengan PJBB ini, Bank berhak atas 75% dari entitled to 75% of ADMFs net income starting from
laba bersih ADMF sejak tanggal 1 Januari 2004. 1 January 2004.
Rincian aset neto yang diakuisisi dan goodwill pada Details of net assets acquired and goodwill as of the
tanggal akuisisi adalah sebagai berikut: acquisition date are as follows:
Jumlah aset 1.572.026 Total assets
Jumlah liabilitas (1.241.411) Total liabilities
Aset neto 330.615 Net assets
Penyesuaian atas nilai wajar aset neto Adjustment to fair value of net assets
karena pembayaran dividen (125.000) due to dividend distribution
Nilai wajar aset neto (100%) 205.615 Fair value of net assets (100%)
Harga perolehan 850.000 Purchase price
Nilai wajar aset neto yang diakuisisi (75%) (154.211) Fair value of net assets acquired (75%)
Goodwill (Catatan 2t) 695.789 Goodwill (Note 2t)
Berdasarkan PJBB, Bank juga memperoleh 90% hak Based on the CSPA, the Bank is also entitled to 90%
kepemilikan atas perusahaan terafiliasi ADMF, ownership of the affiliated companies of ADMF,
PT Asuransi Adira Dinamika (AI), dan PT Adira PT Asuransi Adira Dinamika (AI), and PTAdira
Quantum Multifinance (AQ). Quantum Multifinance (AQ).


c. Entitas Anak (lanjutan) c. Subsidiaries (continued)
Pada tanggal 26 Januari 2004, Bank juga telah On 26 January 2004, the Bank also signed a Call
menandatangani Perjanjian Call Option, yang terakhir Option Agreement, which was then amended by the
diubah dengan Fourth Amendment to the Amended Fourth Amendment to the Amended and Restated
and Restated Call Option Agreement tertanggal Call Option Agreement dated 22 December 2006.
22 Desember 2006. Berdasarkan Perjanjian Call Based on the Call Option Agreement, the Bank has a
Option tersebut, Bank berhak untuk membeli sampai right to purchase up to 20%, of the remaining total
dengan 20%, dari jumlah saham yang dikeluarkan issued shares of ADMF at an approved pre-
oleh ADMF pada harga tertentu yang telah disetujui. determined strike price. This call option expired on
Call option ini jatuh tempo pada tanggal 30 April 2009. 30 April 2009. On 8 April 2009, the Bank signed
Pada tanggal 8 April 2009, Bank telah Extension to the Amended and Restated Call Option
menandatangani Extensions to the Amended and Agreement which extended the Call Option expiry
Restated Call Option Agreement yang date to 31 July 2009. On the Call Option issuance
memperpanjang jatuh tempo Call Option menjadi date, the Bank paid a premium of Rp186,875 for this
tanggal 31 Juli 2009. Pada tanggal penerbitan Call call option.
Option, Bank membayar premi sebesar Rp186.875
atas call option ini.
Pada tanggal 22 November 2005, BI memberikan On 22 November 2005, BI gave a formal approval
persetujuan formal atas penyertaan modal pada on the 95% ownership investment in ADMF.
ADMF dengan porsi kepemilikan saham sebesar
95%.
Pada tanggal 9 Juli 2009, Bank telah mengeksekusi On 9 July 2009, the Bank had executed its call
call option-nya untuk membeli 20% saham ADMF option to buy 20% of ADMFs shares with acquisition
dengan nilai akuisisi sebesar Rp1.628.812, dimana cost of Rp1,628,812, which amount included the
jumlah ini termasuk premi yang telah dibayar untuk call payment for call option of Rp186,875. Therefore,
option sebesar Rp186.875. Dengan demikian, sejak since 9 July 2009, the Bank had owned 95% of
tanggal 9 Juli 2009, Bank telah memiliki 95% saham ADMFs shares and had been entitled additionally to
ADMF dan berhak atas tambahan 20% dari laba bersih 20% of ADMFs net profit since 1 January 2009.
ADMF sejak tanggal 1 Januari 2009. Anggaran Dasar ADMFs Articles of Association has been amended
ADMF telah mengalami beberapa kali perubahan, several times, the latest amendment of which was
perubahan terakhir dengan akta notaris P. Sutrisno A. effected by notarial deed No. 6 dated 7 May 2012
Tampubolon, S.H., M.Kn. No. 6 tanggal 7 Mei 2012 by P. Sutrisno A. Tampubolon, S.H., M.Kn., was
yang dilakukan sehubungan dengan perubahan made in relation to the amendment of article 1
Pasal 1 ayat 1, penambahan kegiatan usaha yang paragraph 1, additional business activity as
dimuat dalam Pasal 3 ayat 2, dan penambahan stipulated in article 3 paragraph 2, additional
ketentuan dalam anggaran dasar mengenai Dewan provisions in the Articles of Association regarding the
Pengawas Syariah yang dimuat dalam Pasal 17 Sharia Supervisory Board as stipulated in article 17
Anggaran Dasar ADMF, yang telah diterima serta of the ADMFs Articles of Association, which had
dicatat dalam Database Sistem Administrasi Badan been received and registered in the Legal Entity
Hukum Kementerian Hukum dan Hak Asasi Manusia Administrative System Database of the Ministry of
Republik Indonesia No. AHU-26913.AH.01.02 Tahun Law and Human Rights of the Republic of Indonesia
2012 tanggal 21 Mei 2012, dan telah diumumkan No. AHU-26913 AH.01.02 Year 2012 dated 21 May
dalam Tambahan No. 33952 pada Berita Negara 2012 and was published in Supplement
Republik Indonesia No. 38 tanggal 10 Mei 2013. No. 33952 to the State Gazette of the Republic of
Indonesia No. 38 dated 10 May 2013.


Rincian aset neto yang diakuisisi dan goodwill pada Details of net assets acquired and goodwill as of the
tanggal eksekusi adalah sebagai berikut: exercise date are as follows:
Jumlah liabilitas (1.642.021) Total liabilities
Nilai wajar aset neto (100%) 1.950.003 Fair value of net assets (100%)
Harga perolehan 1.628.812 Purchase price
Nilai wajar aset neto yang diakuisisi (20%) (390.000) Fair value of net assets acquired (20%)
Goodwill (Catatan 2t) 1.238.812 Goodwill (Note 2t)
Konsolidasi atas AI dan AQ telah dilakukan sejak April Consolidation with AI and AQ had been performed
2006 setelah diperolehnya surat persetujuan atas starting April 2006 upon receiving a written approval
penyertaan modal dari BI. for the capital investment from BI.
Pada tanggal 12 Desember 2007, penegasan On 12 December 2007, the confirmation of sales
perjanjian jual beli saham AQ sudah ditandatangani. and purchase of shares agreement for AQ had been
Penegasan dan persetujuan atas transaksi tersebut signed. Confirmation and approval for such
telah diperoleh dalam Rapat Umum Pemegang transaction had been obtained from the Annual
Saham Tahunan (RUPST) AQ seperti termuat General Meeting of Shareholders (AGMS) of AQ
dalam Akta Pernyataan Keputusan Rapat No. 15 as stipulated on Deed No. 15 dated 13 June 2008 of
tanggal 13 Juni 2008 yang dibuat di hadapan Catherina Situmorang, S.H., Notary in Jakarta and
Catherina Situmorang, S.H., Notaris di Jakarta dan its amendment had been approved by the Ministry of
telah disetujui oleh Menteri Hukum dan Hak Asasi Law and Human Rights of the Republic of Indonesia
Manusia Republik Indonesia dengan Surat Keputusan in a Decree Letter No. AHU-AH.01.10-18248 dated
No. AHU-AH.01.10-18248 tanggal 18 Juli 2008. 18 July 2008.


BI dalam suratnya tertanggal 31 Desember 2008 telah BI in its letter dated 31 December 2008 had
menyetujui rencana Bank untuk meningkatkan porsi approved the Banks plan to increase its ownership
kepemilikan atas AQ dari 90% menjadi 99% dan in AQ from 90% to 99% and increase AQs share
melakukan penambahan modal disetor AQ menjadi capital to become Rp100,000. Further, on 23 April
Rp100.000. Lebih lanjut, pada tanggal 23 April 2009, 2009, the Bank and ADMF entered into a sale and
Bank dan ADMF telah menandatangani perjanjian jual purchase of shares agreement with minority
beli saham dengan pemegang saham minoritas AQ shareholders of AQ whereby minority shareholders
dimana pemegang saham minoritas setuju untuk agreed to sell, transfer, and assign 900 shares and
menjual, mengalihkan, dan memindahkan 900 lembar 100 shares constituting 9% and 1% of the total
dan 100 lembar saham setara dengan 9% dan 1% issued shares of AQ to the Bank and ADMF which
dari keseluruhan saham AQ kepada Bank dan ADMF had been executed in May 2009. As a result, the
yang telah dilaksanakan pada bulan Mei 2009. Bank and ADMF increased their ownership in AQ by
Dengan demikian, kepemilikan Bank dan ADMF atas 10%. Confirmation and approval for such transfer
AQ meningkat sebesar 10%. Penegasan dan transaction had been obtained from AGMS of AQ
persetujuan atas transaksi pengalihan dari RUPS AQ stipulated on Deed No.12 dated 15 May 2009 by P.
telah dimuat dalam Akta Pernyataan Keputusan Sutrisno A. Tampubolon, S.H.,M.Kn., Notary in
Pemegang Saham No. 12 tanggal 15 Mei 2009 Jakarta, which was received and registered in Legal
dibuat oleh P. Sutrisno A. Tampubolon, S.H., M.Kn., Entity Administrative System Database of the
Notaris di Jakarta, yang telah diterima serta dicatat Ministry of Law and Human Rights of the Republic of
dalam Database Sistem Administrasi Badan Hukum Indonesia No. AHU-AH.01.10-10739 dated 17 July
Kementerian Hukum dan Hak Asasi Manusia 2009.
Republik Indonesia No. AHU-AH.01.10-10739 tanggal
17 Juli 2009.
Penambahan modal disetor AQ menjadi The increase in AQs share capital to reach
Rp100.000 telah dimuat dalam Akta Penyataan Rp100,000 was stipulated on Deed No. 29 dated
Keputusan Pemegang Saham No. 29 tanggal 23 July 2009 by P. Sutrisno A. Tampubolon, S.H.,
23 Juli 2009 dibuat oleh P. Sutrisno A. Tampubolon, M.Kn., Notary in Jakarta, and its amendment had
S.H., M.Kn., Notaris di Jakarta, dan telah disetujui been approved by the Ministry of Law and Human
perubahannya oleh Menteri Hukum dan Hak Asasi Rights of the Republic of Indonesia in a Decree
Manusia Republik Indonesia dengan Surat Keputusan Letter No. AHU-39039.AH.01.02 dated
No. AHU-39039.AH.01.02 tanggal 13 Agustus 2009 13 August 2009 and was published in Supplement
dan telah diumumkan dalam Tambahan No. 9659 No. 9659 to the State Gazette of the Republic of
pada Berita Negara Republik Indonesia No. 65 Indonesia No. 65 dated 13 August 2010.
tanggal 13 Agustus 2010.
Anggaran Dasar AQ telah mengalami beberapa kali AQs Articles of Association has been amended
perubahan dan yang terakhir berdasarkan Akta several times, the latest by Notarial Deed No. 10
Notaris P. Sutrisno A. Tampubolon S.H., M.Kn., No. dated 10 October 2014 of P. Sutrisno A.
10 tanggal 10 Oktober 2014 tentang perubahan Tampubolon S.H., M.Kn., concerning the changes
Direksi Perusahaan. Perubahan ini telah diterima dan related to the Board of Directors. The amendment
dicatat oleh Menteri Hukum dan Hak Asasi Manusia was received and recorded by the Ministry of Law
Republik Indonesia berdasarkan Surat and Human Rights in its Letter No. AHU-
Pemberitahuan No. AHU-35255.40.22.2014 tanggal 35255.40.22.2014 dated 13 October 2014.
13 Oktober 2014.


Menteri Keuangan dalam suratnya tertanggal 30 Juni The Ministry of Finance in its letter dated 30 June
2009 telah menyetujui pengalihan kepemilikan saham 2009 approved the transfer of ownership of AIs
AI dari PT Adira Dinamika Investindo kepada Bank. shares from PT Adira Dinamika Investindo to the
Pada tanggal 9 Juli 2009, PT Adira Dinamika Bank. On 9 July 2009, PT Adira Dinamika Investindo
Investindo telah menandatangani perjanjian signed a transfer agreement for 90% of AIs shares
pengalihan 90% saham AI kepada Bank. Sehingga to the Bank. Therefore, currently the Bank owns
saat ini Bank telah memiliki 90% saham AI. 90% of AIs shares. Confirmation and approval for
Penegasan dan persetujuan atas transaksi such transfer transaction was obtained from EGMS
pengalihan telah diperoleh dalam RUPSLB AI seperti of AI as stipulated on Deed No. 8 dated 9 July 2009
termuat dalam Akta Berita Acara Rapat Umum by P. Sutrisno A. Tampubolon, S.H., M.Kn., Notary
Pemegang Saham Luar Biasa No. 8 tanggal 9 Juli in Jakarta, which was received and registered in
2009 yang dibuat oleh P. Sutrisno A. Tampubolon, Database Legal Entity Administrative System of the
S.H., M.Kn., Notaris di Jakarta, yang telah diterima Ministry of Law and Human Rights of the Republic of
serta dicatat dalam Database Sistem Administrasi Indonesia No. AHU-AH.01.10-12574 dated 7 August
Badan Hukum Kementerian Hukum dan Hak Asasi 2009. AIs Articles of Association has been amended
Manusia Republik Indonesia No. AHU-AH.01.10- several times, the latest amendment by notarial
12574 tanggal 7 Agustus 2009. Anggaran Dasar AI deed No. 03 of Charlon Situmeang, S.H., as a
telah mengalami beberapa kali perubahan, substitute notary of Pahala Sutrisno Amijoyo
perubahan terakhir dengan akta notaris Charlon Tampubolon, S.H., dated 8 August 2014 regarding
Situmeang, S.H., selaku notaris pengganti dari Pahala the changes in the composition of the Companys
Sutrisno Amijoyo Tampubolon, S.H., No. 03 tanggal 8 Directors. This notification was received by the
Agustus 2014 mengenai perubahan susunan Direksi Minister of Laws and Human Rights of the Republic
Perusahaan. Pemberitahuan ini telah diterima oleh of Indonesia in its Letter of Receipt of the
Menteri Hukum dan Hak Asasi Manusia Republik Announcement of Changes in Data of the Company
Indonesia dalam Surat Penerimaan Pemberitahuan No. AHU-23109.40.22.2014 dated 8 August 2014.
Perubahan Data Perseroan No. AHU-
23109.40.22.2014 tanggal 8 Agustus 2014.
BI dalam suratnya tertanggal 14 Desember 2010 telah BI in its letter dated 14 December 2010 had
menyetujui rencana Bank untuk meningkatkan approved the Banks plan to increase its ownership
penyertaan modal AI dan melakukan penambahan in AI and increase AIs share capital from
modal disetor AI dari Rp15.000 menjadi Rp15,000 to Rp100,000. The increase in AIs share
Rp100.000. Penambahan modal disetor AI menjadi capital to reach Rp100,000 was stipulated on Deed
Rp100.000 telah dimuat dalam Akta Pernyataan No. 26 dated 21 December 2010 by Charlon
Keputusan Pemegang Saham No. 26 tanggal Situmeang, S.H., replacement of P. Sutrisno A.
21 Desember 2010 yang dibuat oleh Charlon Tampubolon, S.H., M.Kn., Notary in Jakarta. This
Situmeang, S.H., pengganti dari P. Sutrisno A. change was accepted by the Ministry of Law and
Tampubolon, S.H., M.Kn., Notaris di Jakarta. Human Rights of the Republic of Indonesia in its
Perubahan ini telah diterima oleh Menteri Hukum dan Letter of Acceptance of the Announcement of
Hak Asasi Manusia Republik Indonesia dalam Surat Changes in the Companys Data No. AHU-
Penerimaan Pemberitahuan Data Perseroan No. 60063.AH.01.02 dated 27 December 2010.
AHU-60063. AH.01.02 tanggal 27 Desember 2010.
Konsolidasi AI dan AQ pada bulan April 2006 Consolidation of AI and AQ in April 2006 caused a
menyebabkan perubahan nilai penyertaan modal change in the investment amount in ADMF and
pada ADMF dan perubahan nilai buku goodwill seperti change in net book value of goodwill as calculated
berikut ini: below:



Perhitungan
Sesudah konsolidasi dengan AI dan AQ/
awal/Initial
After consolidating AI and AQ
calculation
ADMF
saja/only ADMF AI AQ Total
Harga perolehan 850.000 822.083 19.020 8.897 850.000 Purchase price

Nilai wajar aset neto yang Fair value of net
diakuisisi (154.211) (154.211) (19.020) (8.897) (182.128) assets acquired
Goodwill (Catatan 2t) 695.789 667.872 - - 667.872 Goodwill (Note 2t)
d. Dewan Komisaris dan Direksi d. Boards of Commissioners and Directors
Melalui Rapat Umum Pemegang Saham Tahunan In the Annual General Meeting of Shareholders
(RUPS) tanggal 7 Mei 2014, Pemegang saham (GMS) held on 7 May 2014, the Banks
Bank telah menyetujui pengangkatan kembali shareholders approved the reappointment of several
beberapa anggota Dewan Komisaris dan Direksi members of the Boards of Commissioners and
Bank1), serta pengangkatan 2 (dua) Komisaris Directors of the Bank1), and the appointment of 2
Independen baru, yaitu Made Sukada dan Andriaan (two) new Independent Commissioners, namely,
Laoh2), dengan masa jabatan yang akan berakhir Made Sukada and Andriaan Laoh2), with the term of
pada saat pelaksanaan RUPS Tahunan pada tahun office ending by the Annual GMS in 2017.
2017.
Dengan demikian, pada tanggal-tanggal 31 Therefore, as of 31 December 2014 and 2013, the
Desember 2014 dan 2013, susunan Dewan composition of the Banks Boards of Commissioners
Komisaris dan Direksi Bank adalah sebagai berikut: and Directors are as follows:
2014
Komisaris Utama Bpk./Mr. Ng Kee Choe President Commissioner
Wakil Komisaris Utama Bpk./Mr. Johanes Berchmans Kristiadi Independent Vice President
Independen Pudjosukanto Commissioner
Komisaris Bpk./Mr. Gan Chee Yen Commissioner
Komisaris Independen Bpk./Mr. Manggi Taruna Habir Independent Commissioner
Komisaris Bpk./Mr. Ernest Wong Yuen Weng Commissioner
Komisaris Independen Bpk./Mr. Made Sukada3) Independent Commissioner


d. Dewan Komisaris dan Direksi (lanjutan) d. Boards of Commissioners and Directors

(continued)
2014
Direktur Utama Bpk./Mr. Henry Ho Hon Cheong4) President Director
Direktur Operasional, Operational, Small Medium
Usaha Kecil Menengah, dan Enterprise and Micro Business
Usaha Perbankan Mikro Bpk./Mr. Muliadi Rahardja Banking Director
Direktur Syariah Bpk./Mr. Herry Hykmanto Sharia Director
Direktur Keuangan Ibu/Ms. Vera Eve Lim Finance Director
Direktur Bidang Risiko Bpk./Mr. Satinder Pal Singh Ahluwalia Integrated Risk Director
Direktur Teknologi dan Information and Technology
Informasi Bpk./Mr. Kanchan Keshav Nijasure Director
Direktur Kepatuhan dan Hukum Legal and Compliance Director
(Independen) Ibu/Ms. Fransiska Oei Lan Siem5) (Independent)
Direktur Tresuri dan Pasar Treasury and Capital Market,
Modal, Lembaga Keuangan Financial Institution and Banking
dan Transaksi Perbankan Bpk./Mr. Pradip Chhadva Transaction Director
Direktur Retail Banking dan Retail Banking and Credit Card
Kartu Kredit Ibu/Ms. Michellina Laksmi Triwardhany Director
1) 1)
Pada tanggal 5 Juli 2014, Khoe Minhari Handikusuma telah On 5 July 2014, Khoe Minhari Handikusuma tendered his
mengajukan pengunduran diri sebagai Direktur. resignation on his position as Director.
2) 2)
Pada tanggal 13 Agustus 2014, Andriaan Laoh telah mengajukan On 13 August 2014, Andriaan Laoh tendered his resignation on
pengunduran diri dalam pencalonannya sebagai Komisaris his nomination as Independent Commissioner.
(Independen).
3) 3)
Penetapan Made Sukada menjadi efektif melalui surat Otoritas Made Sukadas appointment became effective in accordance
Jasa Keuangan No. SR-133/D.03/2014 tanggal 8 Agustus 2014. with the provisions of the Financial Services Authoritys letter No.
SR-133/D.03/2014 dated 8 August 2014.
4) 4)
Pada tanggal 9 Desember 2014, Henry Ho Hon Cheong telah On 9 December 2014, Henry Ho Hon Cheong has announced
mengumumkan rencana pensiun dari jabatan sebagai Direktur his plan to retire as President Director, effective upon obtaining
Utama, efektif setelah mendapatkan persetujuan dari Pemegang Shareholders approval at the Extraordinary General Meeting of
Saham pada Rapat Umum Pemegang Saham Luar Biasa Shareholders (EGMS).
(RUPSLB).
5) 5)
Memenuhi Surat Keputusan Direksi PT Bursa Efek Indonesia No. In compliance with the Decision of the Board of Directors of
Kep-00001/BEI/01-2014 tanggal 20 Januari 2014 perihal Indonesia Stock Exchange No. Kep-00001/BEI/01-2014 dated
Peraturan Nomor 1-A tentang Pencatatan Saham dan Efek 20 January 2014 on Rule Number I-A regarding the Listing of
Bersifat Ekuitas Selain Saham yang diterbitkan oleh Perusahaan Shares and Equity Securities Other Than Shares issued by
Tercatat, Fransiska Oei Lan Siem ditetapkan sebagai Direktur Listed Company, Fransiska Oei Lan Siem is appointed as
Independen dengan RUPS Tahunan tanggal 7 Mei 2014. Independent Director by the Annual GMS dated 7 May 2014.
2013
Komisaris Utama Bpk./Mr. Ng Kee Choe President Commissioner
Wakil Komisaris Utama Bpk./Mr. Johanes Berchmans Kristiadi Vice President Commissioner
(Independen) Pudjosukanto (Independent)
Komisaris (Independen) Bpk./Mr. Milan Robert Shuster Commissioner (Independent)
Komisaris (Independen) Bpk./Mr. Harry Arief Soepardi Sukadis Commissioner (Independent)
Komisaris Bpk./Mr. Gan Chee Yen Commissioner
Komisaris (Independen) Bpk./Mr. Manggi Taruna Habir Commissioner (Independent)
Komisaris Bpk./Mr. Ernest Wong Yuen Weng Commissioner
Komisaris Bpk./Mr. Benedictus Raksaka Mahi Commissioner


d. Dewan Komisaris dan Direksi (lanjutan) d. Boards of Commissioners and Directors

(continued)
2013
Direktur Utama Bpk./Mr. Henry Ho Hon Cheong President Director
Direktur Operasional dan Operational and Human Resources
Sumber Daya Manusia Bpk./Mr. Muliadi Rahardja Director
Direktur Perbankan Korporasi Corporate Banking and
dan Usaha Kecil, Menengah Small Medium Enterprise
dan Komersial Bpk./Mr. Ali Rukmijah/Ali Yong 1) and Commercial Director
Direktur Syariah Bpk./Mr. Herry Hykmanto Sharia Director
Direktur Keuangan Ibu/Ms. Vera Eve Lim Finance Director
Direktur Bidang Risiko Bpk./Mr. Satinder Pal Singh Ahluwalia Integrated Risk Director
Direktur Teknologi dan Information and Technology
Informasi Bpk./Mr. Kanchan Keshav Nijasure Director
Direktur Kepatuhan dan Hukum Ibu/Ms. Fransiska Oei Lan Siem Legal and Compliance Director
Direktur Tresuri dan Pasar Treasury and Capital Market,
Modal, Lembaga Keuangan Financial Institution and Banking
dan Transaksi Perbankan Bpk./Mr. Pradip Chhadva Transaction Director
Direktur Retail Banking dan Retail Banking and Credit
Kartu Kredit Ibu/Ms. Michellina Laksmi Triwardhany Card Director
Direktur Usaha Perbankan Mikro Bpk./Mr. Khoe Minhari Handikusuma Micro Business Banking Director
1) 1)
Ali Yong telah mengajukan pengunduran diri pada tanggal 6 Ali Yong tendered his resignation on 6 January 2014.
Januari 2014.
Pada tanggal 31 Desember 2014, Bank dan Entitas As of 31 December 2014, the Bank and Subsidiaries
Anak mempunyai 42.477 karyawan tetap, 18.142 had 42,477 permanent employees, 18,142 non-
karyawan tidak tetap, dan nihil karyawan outsource permanent employees, and nil outsource employees
(2013: 46.976 karyawan tetap, 20.753 karyawan tidak (2013: 46,976 permanent employees, 20,753 non-
tetap dan 756 karyawan outsource). permanent employees and 756 outsource
employees).
e. Dewan Pengawas Syariah e. Sharia Supervisory Board
Dewan Pengawas Syariah dibentuk pertama kali The Sharia Supervisory Board was first established
pada tanggal 1 Februari 2002, dengan masa jabatan on 1 February 2002 with the same term of office as
mengikuti masa jabatan Dewan Komisaris yang the incumbent Board of Commissioners. Through
berjalan pada saat itu. Melalui RUPS Tahunan the Annual GMS dated 7 May 2014, the Banks
tanggal 7 Mei 2014, Pemegang saham Bank telah Shareholders agreed to extend the term of office the
menyetujui perpanjangan masa jabatan anggota members of the Sharia Supervisory Board which will
Dewan Pengawas Syariah yang akan berakhir pada expire at the Annual GMS for the year 2017.
saat pelaksanaan RUPS Tahunan pada tahun 2017.
Dengan demikian, susunan Dewan Pengawas Therefore, the composition of the Sharia Supervisory
Syariah pada tanggal-tanggal 31 Desember 2014 dan Board as of 31 December 2014 and 2013 is as
2013 adalah sebagai berikut: follows:
Ketua Bpk./Mr. Prof. DR. M. Din Syamsuddin, MA. Chairman

Anggota Bpk./Mr. Drs Hasanuddin, M.A. Member
Anggota Bpk./Mr. Drs.H.Karnaen A. Perwataatmadja, MPA.FIIS. Member


f. Komite Audit f. Audit Committee
Komite Audit dibentuk berdasarkan Peraturan The Audit Committee was established based on
Bapepam dan LK No. IX.1.5 dan Peraturan BI Bapepam and LK Regulation No. IX.1.5 and BI
No. 8/4/PBI/2006 tanggal 30 Januari 2006 dan Regulation No. 8/4/PBI/2006 dated 30 January 2006
No. 8/14/PBI/2006 tanggal 5 Oktober 2006 tentang and No. 8/14/PBI/2006 dated 5 October 2006
pelaksanaan Good Corporate Governance bagi Bank regarding Good Corporate Governance for
Umum. Commercial Bank.
Sehubungan dengan masa jabatan para anggota Since the term of office of the incumbent members of
Dewan Komisaris dan para anggota Komite Audit the Board of Commissioners and members of the
telah berakhir pada saat pelaksanaan RUPS Tahunan Audit Committee had expired at the 2014 Annual
pada tahun 2014 dan karena 2 anggota Komite Audit GMS and since the 2 members of the Audit
telah menjabat selama 2 kali masa jabatan secara Committee have served for two consecutive terms,
berturut-turut, maka dengan merujuk pada Keputusan therefore with reference to the Circular Resolution of
Sirkuler Dewan Komisaris sebagai Pengganti the Board of Commissioners in lieu of the
Keputusan yang diambil dalam Rapat Dewan Resolutions adopted at the Board of Commissioners
Komisaris PT Bank Danamon Indonesia Tbk meeting of PT Bank Danamon Indonesia Tbk
No. KSR-Kom.Corp.Sec-015 yang berlaku efektif No. KSR-Kom.Corp.Sec-015 which becomes
sejak tanggal 1 September 2014 dan Surat effective on 1 September 2014 and the Decree of the
Keputusan Direksi No. KEP.DIR-Corp.Sec.-015 Board of Directors No. KEP.DIR-Corp.Sec.-015
tanggal 1 September 2014, susunan anggota Komite dated 1 September 2014, the composition of the
Audit pada tanggal 31 Desember 2014 adalah Audit Committee as of 31 December 2014 is as
sebagai berikut: follows:
Ketua Bpk./Mr. Manggi Taruna Habir Chairman

Anggota Bpk./Mr. Johanes Berchmans Kristiadi Member
Pudjosukanto
Anggota Bpk./Mr. Made Sukada Member
Anggota (Pihak Independen) Ibu/Ms. Angela Simatupang Member (Independent Party)
Anggota (Pihak Independen) Bpk./Mr. Yusuf Nawawi Member (Independent Party)
Sesuai dengan Keputusan Sirkuler Dewan Komisaris In accordance with Circular Resolution of the Board
sebagai Pengganti Keputusan yang diambil dalam of Commissioners in lieu of the Resolutions adopted
Rapat Dewan Komisaris PT Bank Danamon at the Board of Commissioners meeting of PT Bank
Indonesia Tbk No. KSR-Kom.Corp.Sec-018 tanggal Danamon Indonesia Tbk No. KSR-Kom.Corp.Sec-
30 Maret 2011 dan Surat Keputusan Direksi 018 dated 30 March 2011 and the Decree of the
No. KEP.DIR-Corp.Sec.-006 tanggal 30 Maret 2011, Board of Directors No. KEP.DIR-Corp.Sec.-006
susunan anggota Komite Audit pada tanggal dated 30 March 2011, the composition of the Audit
31 Desember 2013 adalah sebagai berikut: Committee as of 31 December 2013 is as follows:
Ketua Bpk./Mr. Milan Robert Shuster Chairman

Anggota Bpk./Mr. Gan Chee Yen Member
Anggota Bpk./Mr. Ernest Wong Yuen Weng Member
Pudjosukanto
Anggota (Pihak Independen) Bpk./Mr. Amir Abadi Jusuf Member (Independent Party)
Anggota (Pihak Independen) Bpk./Mr. Felix Oentoeng Soebagjo Member (Independent Party)


g. Komite Pemantau Risiko g. Risk Monitoring Committee
Komite Pemantau Risiko dibentuk berdasarkan The Risk Monitoring Committee was established
Peraturan BI No. 5/8/PBI/2003 tanggal 19 Mei 2003, based on BI Regulation No. 5/8/PBI/2003 dated
No. 8/4/PBI/2006 tanggal 30 Januari 2006, 19 May 2003, No. 8/4/PBI/2006 dated 30 January
No. 8/14/PBI/2006 tanggal 5 Oktober 2006 dan Surat 2006, No. 8/14/PBI/2006 dated 5 October 2006 and
Edaran Bank Indonesia No. 5/21/DPNP tanggal Bank Indonesia Circular Letter No. 5/21/DPNP dated
29 September 2003. 29 September 2003.
Indonesia Tbk No. KSR-Kom.Corp.Sec-015 yang Danamon Indonesia Tbk No. KSR-Kom.Corp.Sec-
berlaku efektif sejak tanggal 1 September 2014 dan 015 which becomes effective on 1 September 2014
Surat Keputusan Direksi No. KEP.DIR-Corp.Sec.-015 and the Decree of the Board of Directors
tanggal 1 September 2014 susunan anggota Komite No. KEP.DIR-Corp.Sec.-015 dated 1 September
Pemantau Risiko pada tanggal 31 Desember 2014 2014, the composition of the Risk Monitoring
adalah sebagai berikut: Committee as of 31 December 2014 is as follows:

Anggota (Pihak Independen) Ibu/Ms. Angela Simatupang Member (Independent Party)
Anggota (Pihak Independen) Bpk./Mr. Yusuf Nawawi Member (Independent Party)
24 Oktober 2011 dan Surat Keputusan Direksi 043 dated 24 October 2011 and the Decree of the
No. KEP.DIR-Corp.Sec.-022 tanggal 28 November Board of Directors No. KEP.DIR-Corp.Sec.-022
2011, susunan anggota Komite Pemantau Risiko dated 28 November 2011 the composition of the
pada tanggal 31 Desember 2013 adalah sebagai Risk Monitoring Committee as of 31 December 2013
berikut: is as follows:

Anggota Bpk./Mr. Harry Arief Soepardi Sukadis Member
Anggota Bpk./Mr. Milan Robert Shuster Member
Anggota Bpk./Mr. Benedictus Raksaka Mahi Member
Anggota (Pihak Independen) Bpk./Mr. Amir Abadi Jusuf Member (Independent Party)
Anggota (Pihak Independen) Bpk./Mr. Felix Oentoeng Soebagjo Member (Independent Party)



) )
h. Komite Nominasi* h. Nomination Committee*
Komite Nominasi dibentuk berdasarkan Peraturan BI The Nomination Committee was established based
No. 8/4/PBI/2006 tanggal 30 Januari 2006 dan on BI Regulation No. 8/4/PBI/2006 dated 30 January
No. 8/14/PBI/2006 tanggal 5 Oktober 2006. 2006 and No. 8/14/PBI/2006 dated 5 October 2006.
Sesuai dengan Keputusan Sirkuler Dewan Komisaris Based on the Circular Resolution of the Board of
sebagai Pengganti Keputusan yang diambil dalam Commissioners in lieu of the Resolutions adopted at
Rapat Dewan Komisaris PT Bank Danamon the Board of Commissioners meeting of PT Bank
tanggal 1 September 2014, susunan anggota Komite No. KEP.DIR-Corp.Sec.-015 dated 1 September
Nominasi pada tanggal 31 Desember 2014 adalah 2014, the composition of the Nomination Committee
sebagai berikut: as of 31 December 2014 is as follows:
Ketua Bpk./Mr. Johanes Berchmans Kristiadi Chairman

Pudjosukanto
Anggota Bpk./Mr. Ng Kee Choe Member
Anggota (Eksekutif) Ibu/Ms. Marta Jonatan Member (Executive)
1 Februari 2013 dan Surat Keputusan Direksi 005 dated 1 February 2013 and the Decree of the
No. KEP.DIR-Corp.Sec.-006 tanggal 2 April 2013, Board of Directors No. KEP.DIR-Corp.Sec.-006
susunan anggota Komite Nominasi dan Remunerasi dated 2 April 2013, the composition of the
pada tanggal 31 Desember 2013 adalah sebagai Nomination and Remuneration Committee as of
berikut: 31 December 2013 is as follows:

Pudjosukanto
Anggota (Eksekutif) Bpk./Mr. Andang Lukitomo Member (Executive)



) )
i. Komite Remunerasi* i. Remuneration Committee*
Komite Remunerasi dibentuk berdasarkan Peraturan The Remuneration Committee was established
BI No. 8/4/PBI/2006 tanggal 30 Januari 2006 dan No. based on BI Regulation No. 8/4/PBI/2006 dated 30
8/14/PBI/2006 tanggal 5 Oktober 2006. January 2006 and No. 8/14/PBI/2006 dated 5
October 2006.
tanggal 1 September 2014, susunan anggota Komite No. KEP.DIR-Corp.Sec.-015 dated 1 September
Remunerasi pada tanggal 31 Desember 2014 adalah 2014, the composition of the Remuneration
sebagai berikut: Committee as of 31 December 2014 is as follows:

Pudjosukanto
Anggota (Eksekutif) Ibu/Ms. Marta Jonatan Member (Executive)
1 Februari 2013 dan Surat Keputusan Direksi 005 dated 1 February 2013 and the Decree of the
No. KEP.DIR-Corp.Sec.-006 tanggal 2 April 2013, Board of Directors No. KEP.DIR-Corp.Sec.-006
susunan anggota Komite Nominasi dan Remunerasi dated 2 April 2013, the composition of the
pada tanggal 31 Desember 2013 adalah sebagai Nomination and Remuneration Committee as of
berikut: 31 December 2013 is as follows:

Pudjosukanto
Anggota (Eksekutif) Bpk./Mr. Andang Lukitomo Member (Executive)
*) Keterangan: *) Note:
Setelah melakukan pengkajian yang seksama, melalui Keputusan After conducting an intensive review, with the Circular Resolution
Sirkuler Dewan Komisaris sebagai Pengganti Keputusan yang of the Board of Commissioners in lieu of the Resolutions adopted
diambil dalam Rapat Dewan Komisaris PT Bank Danamon at the Board of Commissioners meeting of PT Bank Danamon
Indonesia Tbk No. KSR-Kom.Corp.Sec-003 tanggal 5 Maret 2014, Indonesia Tbk No. KSR-Kom.Corp.Sec-003 dated 5 March 2014,
Dewan Komisaris melakukan pembubaran Komite Nominasi dan the Board of Commissioners dissolved the Nomination and
Remunerasi, dan membentuk 2 komite baru, yaitu Komite Remuneration Committee and subsequently established 2 new
Nominasi dan Komite Remunerasi. commitees, namely, the Nomination Committee and
Remuneration Committee.


j. Komite Corporate Governance j. Corporate Governance Committee
Komite Corporate Governance dibentuk pada tahun The Corporate Governance Committee was
2006 sebagai bentuk komitmen Bank dalam established in 2006 as one of the Banks
melaksanakan Corporate Governance di seluruh commitments on Corporate Governance
tingkat organisasi. implementation at all levels of the organization.
Sesuai dengan Keputusan Sirkuler Dewan Komisaris In accordance with the Circular Resolution of the
sebagai Pengganti Keputusan yang diambil dalam Board of Commissioners in lieu of the Resolution
Rapat Dewan Komisaris PT Bank Danamon adopted at the Board of Commissioners meeting
Indonesia Tbk No. KSR-Kom.Corp.Sec-015 yang No. KSR-Kom.Corp.Sec-015 which becomes
berlaku efektif sejak tanggal 1 September 2014 dan effective on 1 September 2014 and the Decree of the
Surat Keputusan Direksi No. KEP.DIR-Corp.Sec.-015 Board of Directors No. KEP.DIR-Corp.Sec.-015
tanggal 1 September 2014, susunan anggota Komite dated 1 September 2014, the composition of the
Corporate Governance pada tanggal 31 Desember Corporate Governance Committee as of
2014 adalah sebagai berikut: 31 December 2014 is as follows:
Ketua Bpk./Mr. Made Sukada Chairman

Anggota Bpk./Mr. Manggi Taruna Habir Member
Sesuai dengan Keputusan Sirkuler Dewan Komisaris In accordance with the Circular Resolution of the
sebagai Pengganti Keputusan yang diambil dalam Board of Commissioners in lieu of the Resolutions
Rapat Dewan Komisaris PT Bank Danamon adopted at Board of Commissioners meeting of
Indonesia Tbk No. KSR-Kom.Corp.Sec-018 tanggal PT Bank Danamon Indonesia Tbk No. KSR-
30 Maret 2011 dan Surat Keputusan Direksi Kom.Corp.Sec-018 dated 30 March 2011 and the
No. KEP.DIR-Corp.Sec.-006 tanggal 30 Maret 2011, Decree of the Board of Directors No. KEP.DIR-
susunan anggota Komite Corporate Governance Corp.Sec.-006 dated 30 March 2011, the
pada tanggal 31 Desember 2013 adalah sebagai composition of the Corporate Governance
berikut: Committee as of 31 December 2013 is as follows:

Pudjosukanto
Anggota Bpk./Mr. Benedictus Raksaka Mahi Member
k. Sekretaris Perusahaan k. Corporate Secretary
Berdasarkan Keputusan Sirkuler Direksi sebagai Based on Circular Resolution of the Board of
Pengganti Keputusan yang diambil dalam Rapat Directors in lieu of the Resolutions adopted at the
Direksi PT Bank Danamon Indonesia Tbk No. KSR- Board of Directors meeting of PT Bank Danamon
DIR.CORP.SEC.-003 tanggal 5 Mei 2014, Sekretaris Indonesia Tbk No. KSR-DIR.CORP.SEC.-003 dated
Perusahaan Bank pada tanggal 31 Desember 2014 5 May 2014, the Corporate Secretary of the Bank as
adalah Fransiska Oei Lan Siem. of 31 December 2014 was Fransiska Oei Lan Siem.
Berdasarkan Keputusan Sirkuler Direksi sebagai Based on Circular Resolution of the Board of
Pengganti Keputusan yang diambil dalam Rapat Directors in lieu of the Resolutions adopted at the
Direksi PT Bank Danamon Indonesia Tbk No. KSR- Board of Directors meeting of PT Bank Danamon
DIR.CORP.SEC.-007 tanggal 27 Februari 2008, Indonesia Tbk No. KSR-DIR.CORP.SEC.-007 dated
Sekretaris Perusahaan Bank pada tanggal 27 February 2008, the Corporate Secretary of the
31 Desember 2013 adalah Dini Herdini. Bank as of 31 December 2013 was Dini Herdini.


l. Satuan Kerja Audit Intern l. Internal Audit Task Force
Berdasarkan Surat Keputusan Bersama Direksi dan Based on Joint Decree of the Board of Directors and
Dewan Komisaris PT Bank Danamon Indonesia Tbk the Board of Commissioners of PT Bank Danamon
No. KEP-DIR.CORP.SEC.-011 tanggal 1 Juli 2010, Indonesia Tbk No. KEP-DIR.CORP.SEC.-011 dated
Kepala Satuan Kerja Audit Intern (Kepala SKAI) pada 1 July 2010, the Internal Audit Task Force Head
tanggal-tanggal 31 Desember 2014 dan 2013 adalah (Chief of IATF) as of 31 December 2014 and
Antony Kurniawan. 2013 was Antony Kurniawan.
m. Laporan keuangan konsolidasian Bank dan Entitas m. The consolidated financial statements of the Bank
Anak diotorisasi untuk terbit oleh Direksi pada tanggal and Subsidiaries were authorized for issue by the
16 Januari 2015. Board of Directors on 16 January 2015.
2. IKHTISAR KEBIJAKAN AKUNTANSI PENTING 2. SUMMARY OF SIGNIFICANT ACCOUNTING

POLICIES
Kebijakan akuntansi penting, yang diterapkan secara The significant accounting policies, applied consistently in
konsisten dalam penyusunan laporan keuangan the preparation of the consolidated financial statements of
konsolidasian Bank dan Entitas Anak pada tanggal dan the Bank and Subsidiaries as of and for the years ended
untuk tahun yang berakhir pada tanggal-tanggal 31 December 2014 and 2013 are as follows:
31 Desember 2014 dan 2013 adalah sebagai berikut:
a. Pernyataan kepatuhan a. Statement of compliance
Laporan keuangan konsolidasian telah disusun dan The consolidated financial statements have been
disajikan sesuai dengan Standar Akuntansi Keuangan prepared and presented in accordance with
di Indonesia yang mencakup Pernyataan dan Indonesian Financial Accounting Standards which
Interprestasi yang dikeluarkan oleh Dewan Standar comprise the Statements and Interpretations issued
Akuntansi Keuangan Ikatan Akuntan Indonesia. by the Board of Financial Accounting Standards of
the Indonesian Institute of Accountants.
Laporan keuangan konsolidasian juga disusun dan The consolidated financial statements have also
disajikan sesuai dengan peraturan Badan Pengawas been prepared and presented in accordance with
Pasar Modal dan Lembaga Keuangan (BAPEPAM- Capital Market and Financial Institutions Supervisory
LK, yang fungsinya dialihkan kepada Otoritas Jasa Agency (BAPEPAM-LK, whose function has been
Keuangan (OJK) sejak tanggal 1 Januari 2013) transferred to the Financial Services Authority
No. VIII.G.7 yang merupakan Lampiran Keputusan (OJK) starting 1 January 2013), rule No. VIII.G.7,
Ketua BAPEPAM-LK No. KEP-347/BL/2012 tanggal Appendix of the Decree of the Chairman of the
25 Juni 2012 tentang Penyajian dan Pengungkapan BAPEPAM-LK No. KEP-347/BL/2012 dated 25 June
Laporan Keuangan Emiten atau Perusahaan Publik. 2012 regarding Financial Statements Presentation
and Disclosure of the Issuer or Public Company.
Laporan keuangan unit usaha syariah disajikan The sharia business units financial statements have
sesuai dengan Standar Akuntansi Keuangan Syariah been presented in accordance with Sharia Financial
dan Standar Akuntansi Keuangan lainnya yang Accounting Standards and other Financial
diterbitkan oleh Ikatan Akuntan Indonesia. Accounting Standards as issued by the Indonesian
Institute of Accountants.



(lanjutan) POLICIES (continued)
b. Dasar penyusunan laporan keuangan b. Basis for preparation of the consolidated

konsolidasian financial statements
Laporan keuangan konsolidasian disusun The consolidated financial statements were prepared
berdasarkan konsep nilai historis dan atas dasar on the accrual basis and under the historical cost
akrual, kecuali untuk hal-hal dibawah ini: concept, except for the following matters:
Instrumen keuangan derivatif diukur pada nilai Derivative financial instruments are measured
wajar. at fair value.
Instrumen keuangan pada nilai wajar melalui Financial instruments at fair value through
laporan laba rugi diukur pada nilai wajar. profit or loss are measured at fair value.
Aset keuangan tersedia untuk dijual diukur pada Available-for-sale financial assets are
nilai wajar. measured at fair value.
Liabilitas atas kewajiban imbalan pasti diakui The liability for defined benefit obligations is
sebesar nilai kini kewajiban imbalan pasti recognized at the present value of the defined
dikurangi dengan aset program neto ditambah benefit obligation less the net total of the plan
keuntungan aktuaria yang belum diakui assets, plus unrecognized actuarial gains, less
dikurangi beban jasa lalu yang belum diakui dan unrecognized past service cost and
kerugian aktuaria yang belum diakui. unrecognized actuarial losses.
Laporan arus kas konsolidasian disusun dengan The consolidated statements of cash flows are
menggunakan metode langsung dengan prepared based on direct method by classifying cash
mengelompokkan arus kas ke dalam kegiatan flows on the basis of operating, investing, and
operasi, investasi, dan pendanaan. Untuk tujuan financing activities. For the purpose of consolidated
laporan arus kas konsolidasian, kas dan setara kas statements of cash flows, cash and cash equivalents
mencakup kas, giro pada Bank Indonesia, giro pada include cash, current accounts with Bank Indonesia,
bank lain, penempatan pada bank lain dan Bank current accounts with other banks, placements with
Indonesia, dan Sertifikat Bank Indonesia yang jatuh other banks and Bank Indonesia, and Certificates of
tempo dalam waktu tiga bulan sejak tanggal Bank Indonesia that mature within three months from
perolehan, sepanjang tidak digunakan sebagai the date of acquisition, as long as they are not being
jaminan atas pinjaman yang diterima serta tidak pledged as collateral for borrowings nor restricted.
dibatasi penggunaannya.
Dalam penyusunan laporan keuangan konsolidasian The preparation of consolidated financial statements
sesuai dengan Standar Akuntansi Keuangan di in conformity with Indonesian Financial Accounting
Indonesia, dibutuhkan pertimbangan, estimasi, dan Standards requires the use of judgements,
asumsi yang mempengaruhi: estimates, and assumptions that affect:
penerapan kebijakan akuntansi; the application of accounting policies;

jumlah aset dan liabilitas yang dilaporkan, dan the reported amounts of assets and liabilities and
pengungkapan atas aset dan liabilitas kontinjensi disclosure of contingent assets and liabilities at
pada tanggal laporan keuangan konsolidasian; the date of the consolidated financial statements;
jumlah pendapatan dan beban yang dilaporkan the reported amounts of income and expenses
selama tahun pelaporan. during the reporting year.
Walaupun estimasi ini dibuat berdasarkan Although these estimates are based on
pengetahuan terbaik manajemen atas kejadian dan managements best knowledge of current events and
tindakan saat ini, hasil aktual mungkin berbeda activities, actual results may differ from those
dengan jumlah yang diestimasi semula. estimates.



b. Dasar penyusunan laporan keuangan b. Basis for preparation of the consolidated

konsolidasian (lanjutan) financial statements (continued)
Estimasi dan asumsi yang digunakan ditelaah secara Estimates and underlying assumptions are reviewed
berkesinambungan. Revisi atas estimasi akuntansi on an ongoing basis. Revisions to accounting
diakui pada tahun dimana estimasi tersebut direvisi estimates are recognized in the year in which the
dan tahun yang akan datang yang dipengaruhi oleh estimate is revised and in any future year affected.
revisi estimasi tersebut.
Secara khusus, informasi mengenai hal-hal penting In particular, information about significant areas of
yang terkait dengan ketidakpastian estimasi dan estimation uncertainty and critical judgements in
pertimbangan penting dalam penerapan kebijakan applying accounting policies that have significant
akuntansi yang memiliki dampak yang signifikan effect on the amounts recognized in the consolidated
terhadap jumlah yang diakui dalam laporan keuangan financial statements are described in Note 3.
konsolidasian dijelaskan dalam Catatan 3.
Seluruh angka dalam laporan keuangan Figures in these consolidated financial statements
konsolidasian ini dibulatkan menjadi jutaan Rupiah are rounded to and stated in millions of Rupiah,
yang terdekat, kecuali dinyatakan secara khusus. unless otherwise stated.
c. Akuntansi atas transaksi antara Bank dan Entitas c. Accounting for transactions between Bank and
Anak Subsidiaries
Entitas Anak, yang merupakan entitas dimana Bank Subsidiaries, as entities in which the Bank has an
memiliki kepemilikan sebesar lebih dari setengah hak interest of more than half of the voting rights or
suara atau mampu menentukan kebijakan keuangan otherwise has the power to govern the financial and
dan operasional dikonsolidasikan. operating policies are consolidated.
Entitas Anak dikonsolidasikan sejak tanggal kendali Subsidiaries are consolidated from the date on which
atas Entitas Anak tersebut beralih kepada Bank dan control is transferred to the Bank and are no longer
tidak lagi dikonsolidasikan sejak tanggal kendali tidak consolidated from the date that control ceases. The
lagi dimiliki oleh Bank. Laporan keuangan Entitas financial statements of Subsidiaries have been
Anak telah disusun dengan menggunakan kebijakan prepared using uniform accounting policies for
akuntansi yang sama dengan kebijakan akuntansi similar transactions and other events in similar
yang diterapkan oleh Bank untuk transaksi yang circumstances.
serupa dan kejadian lain dalam keadaan yang serupa.
Akuisisi Entitas Anak dicatat dengan menggunakan Acquisitions of subsidiaries are accounted for using
metode akuntansi pembelian. Biaya akuisisi diukur the purchase method of accounting. The cost of an
sebesar nilai wajar aset yang diserahkan dan saham acquisition is measured at the fair value of the assets
yang diterbitkan atau liabilitas yang diambil alih pada given up and shares issued or liabilities assumed at
tanggal akuisisi. Kelebihan biaya akuisisi atas nilai the date of acquisition. The excess of the acquisition
wajar aset neto Entitas Anak dicatat sebagai goodwill cost over the fair value of the net assets of the
(Catatan 2t). Subsidiaries acquired is recorded as goodwill
(Note 2t).



c. Akuntansi atas transaksi antara Bank dan Entitas c. Accounting for transactions between Bank and
Anak (lanjutan) Subsidiaries (continued)
Transaksi signifikan antar Bank dan Entitas Anak, Significant intercompany transactions, balances and
saldo dan keuntungan signifikan yang belum unrealized gains on transactions between Bank and
direalisasi dari transaksi, dieliminasi. Kerugian yang Subsidiaries are eliminated. Unrealized losses are
belum direalisasi juga dieliminasi, kecuali apabila also eliminated unless cost cannot be recovered.
harga perolehan tidak dapat diperoleh kembali.
Bank mengukur kepentingan non-pengendali atas The Bank measures non-controlling interests at its
basis proporsional pada jumlah yang diakui atas aset proportionate share of the recognized amount of the
neto yang diidentifikasi pada tanggal akuisisi. identifiable net assets at acquisition date. Non-
Kepentingan non-pengendali disajikan di ekuitas controlling interests are presented within equity in the
dalam laporan posisi keuangan konsolidasian, consolidated statement of financial position,
terpisah dari pemilik entitas induk. Laba atau rugi dari separately from the equity holders of the parent
setiap komponen pendapatan komprehensif lain entity. Profit or loss and each component of other
dialokasikan kepada pemilik entitas induk dan comprehensive income are allocated to the equity
kepentingan non-pengendali. holders of the parent entity and non-controlling
interests.
Penyertaan pada Entitas Anak pada Laporan Investments in Subsidiaries in the Parent Company
Keuangan Induk Saja Financial Statements
Bank menerapkan Pernyataan Standar Akuntansi The Bank implemented Statement of Financial
Keuangan (PSAK) No. 4 (Revisi 2009), Laporan Accounting Standards (SFAS) No. 4 (Revised 2009),
Keuangan Konsolidasian dan Laporan Keuangan Consolidated and Separate Financial Statements.
Tersendiri. Berdasarkan standar tersebut, Laporan In accordance with the standard, the Parent
Keuangan Induk Saja menyajikan penyertaan pada Company Financial Statements present the
Entitas Anak menggunakan harga perolehan. investments in Subsidiaries using the cost method.
d. Penjabaran mata uang asing d. Foreign currency translation
d.1. Mata uang pelaporan d.1. Reporting currency
Laporan keuangan konsolidasian dinyatakan The consolidated financial statements are

dalam Rupiah, yang merupakan mata uang presented in Rupiah, which is the functional
fungsional Bank dan Entitas Anak. currency of the Bank and Subsidiaries.
d.2. Transaksi dan saldo d.2. Transactions and balances
Transaksi dalam mata uang asing dijabarkan ke Transactions denominated in foreign

Rupiah dengan menggunakan kurs yang currencies are translated into Rupiah at the
berlaku pada tanggal transaksi. Pada tanggal exchange rates prevailing at the transaction
pelaporan, aset dan liabilitas moneter dalam date. At the reporting date, monetary assets
mata uang asing dijabarkan ke dalam Rupiah and liabilities denominated in foreign
dengan kurs yang berlaku pada tanggal currencies are translated into Rupiah using the
tersebut. exchange rates prevailing at that date.
Keuntungan dan kerugian selisih kurs yang Exchange gains and losses arising from
timbul dari transaksi dalam mata uang asing transactions in foreign currencies and from the
dan dari penjabaran aset dan liabilitas moneter translation of foreign currency monetary assets
dalam mata uang asing, diakui pada laporan and liabilities are recognized in the
laba rugi komprehensif konsolidasian tahun consolidated statement of comprehensive
berjalan. income for the year.



d. Penjabaran mata uang asing (lanjutan) d. Foreign currency translation (continued)
d.2. Transaksi dan saldo (lanjutan) d.2. Transactions and balances (continued)
Laba atau rugi kurs mata uang asing atas aset The foreign currency gain or loss on monetary
dan liabilitas moneter merupakan selisih antara assets and liabilities is the difference between
biaya perolehan diamortisasi dalam Rupiah amortized cost in Rupiah at the beginning of
pada awal tahun, disesuaikan dengan suku the year, adjusted for effective interest and
bunga efektif dan pembayaran selama tahun payments during the year, and the amortized
berjalan, dan biaya perolehan diamortisasi cost in foreign currency translated into Rupiah
dalam mata uang asing yang dijabarkan ke at the exchange rate at the end of the year.
dalam Rupiah dengan menggunakan kurs pada
akhir tahun.
Berikut ini adalah kurs mata uang asing utama yang Below are the major exchange rates used as of
digunakan pada tanggal-tanggal 31 Desember 2014 31 December 2014 and 2013 using the Reuters
dan 2013 yang menggunakan kurs tengah Reuters middle rates at 16:00 Western Indonesian Time (full
pukul 16:00 Waktu Indonesia Barat (nilai penuh): amount):
2014 2013
Dolar Amerika Serikat 12.385 12.170 United States Dollar

Dolar Australia 10.148 10.856 Australian Dollar
Dolar Singapura 9.376 9.622 Singapore Dollar
Euro Eropa 15.053 16.759 European Euro
Yen Jepang 104 116 Japanese Yen
Poundsterling Inggris 19.288 20.111 Great Britain Poundsterling
Dolar Hong Kong 1.597 1.570 Hong Kong Dollar
Franc Swiss 12.516 13.674 Swiss Franc
Baht Thailand 377 371 Thailand Baht
Dolar Selandia Baru 9.709 9.996 New Zealand Dollar
e. Aset dan liabilitas keuangan e. Financial assets and liabilities
Aset keuangan Bank dan Entitas Anak terdiri dari kas, The Bank and Subsidiaries financial assets mainly
giro pada Bank Indonesia, giro pada bank lain, consist of cash, current accounts with Bank
penempatan pada bank lain dan Bank Indonesia, Indonesia, current accounts with other banks,
efek-efek, efek yang dibeli dengan janji dijual kembali, placements with other banks and Bank Indonesia,
tagihan derivatif, pinjaman yang diberikan (termasuk marketable securities, securities purchased under
piutang murabahah), piutang pembiayaan konsumen, resale agreements, derivative receivables, loans
investasi sewa pembiayaan, piutang premi, aset (including murabahah receivables), consumer
reasuransi, tagihan akseptasi, Obligasi Pemerintah, financing receivables, investment in financial leases,
investasi dalam saham, dan beban dibayar dimuka premium receivables, reinsurance assets,
dan aset lain-lain (transaksi derivatif yang kontraknya acceptances receivable, Government Bonds,
dibatalkan, piutang bunga, piutang lain-lain, premi atas investments in shares, and prepayments and other
opsi yang masih harus diterima, piutang atas assets (unwound derivative transactions, interest
penjualan efek-efek, dan tagihan transaksi kartu receivables, other receivables, premium receivables
kredit). on option, receivables from sales of marketable
securities, and receivables from credit card
transactions).



e. Aset dan liabilitas keuangan (lanjutan) e. Financial assets and liabilities (continued)
Liabilitas keuangan Bank dan Entitas Anak terdiri dari The Bank and Subsidiaries financial liabilities consist
simpanan nasabah, simpanan dari bank lain, efek of deposits from customers, deposits from other
yang dijual dengan janji dibeli kembali, liabilitas banks, securities sold under repurchase agreements,
derivatif, utang akseptasi, efek yang diterbitkan, derivative liabilities, acceptances payable, securities
pinjaman yang diterima, dan beban yang masih harus issued, borrowings, and accruals and other liabilities.
dibayar dan liabilitas lain-lain.
Bank dan Entitas Anak menerapkan PSAK No. 50 The Bank and Subsidiaries adopted SFAS No. 50
(Revisi 2010), Instrumen Keuangan: Penyajian dan (Revised 2010), Financial Instruments: Presentation
PSAK No. 55 (Revisi 2011), Instrumen Keuangan: and SFAS No. 55 (Revised 2011), Financial
Pengakuan dan Pengukuran. Instruments: Recognition and Measurement.
e.1. Klasifikasi e.1. Classification
Berdasarkan PSAK No. 55 (Revisi 2011), aset Based on SFAS No. 55 (Revised 2011),
keuangan diklasifikasikan dalam kategori financial assets are classified into the following
sebagai berikut pada saat pengakuan awal: categories at initial recognition:
i. Diukur pada nilai wajar melalui laporan laba i. Fair value through profit or loss, which has
rugi, yang memiliki dua sub-klasifikasi, yaitu two sub-classifications, i.e. financial assets
aset keuangan yang ditetapkan demikian designated as such upon initial recognition
pada saat pengakuan awal dan aset and financial assets classified as trading;
keuangan yang diklasifikasikan dalam
kelompok diperdagangkan;
ii. Tersedia untuk dijual; ii. Available-for-sale;
iii. Dimiliki hingga jatuh tempo; dan iii. Held-to-maturity; and
iv. Pinjaman yang diberikan dan piutang. iv. Loans and receivables.
Liabilitas keuangan diklasifikasikan ke dalam Financial liabilities are classified into the
kategori sebagai berikut pada saat pengakuan following categories at initial recognition:
awal:
i. Diukur pada nilai wajar melalui laporan laba i. Fair value through profit or loss, which has
rugi, yang memiliki dua sub-klasifikasi, yaitu two sub-classifications, i.e. those designated
liabilitas keuangan yang ditetapkan demikian as such upon initial recognition and those
pada saat pengakuan awal dan liabilitas classified as trading;
keuangan yang diklasifikasikan dalam
kelompok diperdagangkan;
ii. Liabilitas keuangan yang diukur pada biaya ii. Financial liabilities measured at amortized
perolehan diamortisasi. cost.



e.1. Klasifikasi (lanjutan) e.1. Classification (continued)
Aset keuangan dan liabilitas keuangan Financial assets and financial liabilities are
diklasifikasikan sebagai diperdagangkan jika classified as held for trading if the Bank and
aset keuangan dan liabilitas keuangan diperoleh Subsidiaries acquire or incur those financial
atau dimiliki Bank dan Entitas Anak terutama assets and financial liabilities principally for the
untuk tujuan dijual dan dibeli kembali dalam purpose of selling or repurchasing in the near
waktu dekat, atau dimiliki sebagai bagian dari term, or hold as part of a portfolio that is
portofolio instrumen keuangan yang dikelola managed together for short-term profit or
secara bersama-sama untuk memperoleh laba position taking.
jangka pendek atau position taking.
Aset keuangan tersedia untuk dijual terdiri dari Available-for-sale financial assets consist of
aset keuangan non-derivatif yang ditetapkan non-derivative financial assets that are
sebagai tersedia untuk dijual atau yang tidak designated as available-for-sale or are not
diklasifikasikan ke dalam salah satu kategori classified in one of other categories of financial
aset keuangan lainnya. assets.
Aset keuangan yang dimiliki hingga jatuh tempo Held-to-maturity financial assets are non-
adalah aset keuangan non-derivatif dengan derivative financial assets with fixed or
pembayaran tetap atau telah ditentukan dan determinable payments and fixed maturity that
jatuh temponya telah ditetapkan dimana Bank the Bank and Subsidiaries have the positive
dan Entitas Anak mempunyai intensi positif dan intent and ability to hold to maturity, and which
kemampuan untuk memiliki aset keuangan are not designated at fair value through profit or
tersebut hingga jatuh tempo, dan tidak loss or available-for-sale.
ditetapkan pada nilai wajar melalui laporan laba
rugi atau tersedia untuk dijual.
Pinjaman yang diberikan dan piutang adalah Loans and receivables are non-derivative
aset keuangan non-derivatif dengan financial assets with fixed or determinable
pembayaran tetap atau telah ditentukan yang payments that are not quoted in an active
tidak mempunyai kuotasi di pasar aktif dan Bank market and that the Bank and Subsidiaries do
dan Entitas Anak tidak berniat untuk menjualnya not intend to sell immediately or in the near
segera atau dalam waktu dekat. term.



e.2. Pengakuan e.2. Recognition
Bank dan Entitas Anak pada awalnya mengakui The Bank and Subsidiaries initially recognize
transaksi keuangan pada tanggal dimana financial instrument transactions on the date at
Bank/Entitas Anak menjadi suatu pihak dalam which the Bank/Subsidiaries become a party to
perjanjian kontraktual instrumen tersebut. the contractual agreement of the instrument.
Pembelian dan penjualan aset keuangan yang Regular way purchases and sales of financial
lazim (regular) diakui pada tanggal assets are recognized on the trade date.
perdagangan.
Pada saat pengakuan awal, aset keuangan atau A financial asset or financial liability is initially
liabilitas keuangan diukur pada nilai wajar measured at fair value plus (for an item not
ditambah (untuk item yang tidak diukur pada subsequently measured at fair value through
nilai wajar melalui laporan laba rugi setelah profit or loss) transaction costs that are directly
pengakuan awal) biaya transaksi yang dapat attributable to its acquisition or issue. The
diatribusikan secara langsung atas perolehan subsequent measurement of financial assets
aset keuangan atau penerbitan liabilitas and financial liabilities depends on their
keuangan. Pengukuran aset keuangan dan classification.
liabilitas keuangan setelah pengakuan awal
tergantung pada klasifikasi aset keuangan dan
liabilitas keuangan tersebut.
Biaya transaksi hanya meliputi biaya-biaya yang Transaction costs include only those costs that
dapat diatribusikan secara langsung untuk are directly attributable to the acquisition of a
perolehan suatu aset keuangan atau penerbitan financial asset or issue of a financial liability and
suatu liabilitas keuangan dan merupakan biaya are incremental costs that would not have been
tambahan yang tidak akan terjadi apabila incurred if the instrument had not been
instrumen keuangan tersebut tidak diperoleh acquired or issued. In the case of financial
atau diterbitkan. Untuk aset keuangan, biaya assets, transaction costs are added to the
transaksi ditambahkan pada jumlah yang diakui amount initially recognized, while for financial
pada awal pengakuan aset, sedangkan untuk liabilities, transaction costs are deducted from
liabilitas keuangan, biaya transaksi dikurangkan the amount of debt initially recognized. Such
dari jumlah utang yang diakui pada pengakuan transactions costs are amortized over the terms
awal liabilitas. Biaya transaksi tersebut of the instruments based on the effective
diamortisasi selama umur instrumen interest method and are recorded as part of
berdasarkan metode suku bunga efektif dan interest income for transaction costs related to
dicatat sebagai bagian dari pendapatan bunga financial assets or interest expense for
untuk biaya transaksi sehubungan dengan aset transaction costs related to financial liabilities.
keuangan atau sebagai bagian dari beban
bunga untuk biaya transaksi sehubungan
dengan liabilitas keuangan.



e.3. Penghentian pengakuan e.3. Derecognition
Bank dan Entitas Anak menghentikan The Bank and Subsidiaries derecognize a
pengakuan aset keuangan pada saat hak financial asset when the contractual rights to
kontraktual atas arus kas yang berasal dari aset the cash flows from the asset expire, or when
keuangan tersebut berakhir, atau pada saat the Bank and Subsidiaries transfer the rights to
Bank dan Entitas Anak mentransfer seluruh hak receive the contractual cash flows on the
untuk menerima arus kas kontraktual dari aset financial asset in a transaction in which
keuangan dalam transaksi dimana Bank dan substantially all the risks and rewards of
Entitas Anak secara substansial telah ownership of the financial asset are transferred.
mentransfer seluruh risiko dan manfaat atas Any interest in transferred financial asset that is
kepemilikan aset keuangan yang ditransfer. created or retained by the Bank and
Setiap hak atau liabilitas atas aset keuangan Subsidiaries is recognized as a separate asset
yang ditransfer yang timbul atau yang masih or liability.
dimiliki oleh Bank dan Entitas Anak diakui
sebagai aset atau liabilitas secara terpisah.
Bank dan Entitas Anak menghentikan The Bank and Subsidiaries derecognize a
pengakuan liabilitas keuangan pada saat financial liability when its contractual obligations
kewajiban yang ditetapkan dalam kontrak are discharged or cancelled or expired.
dilepaskan atau dibatalkan atau kadaluwarsa.
Bank dan Entitas Anak melakukan transaksi The Bank and Subsidiaries enter into
dimana Bank mentransfer aset yang diakui pada transactions whereby they transfer assets
laporan posisi keuangan konsolidasian, tetapi recognized on their consolidated statements of
masih memiliki semua risiko dan manfaat atas financial position, but retain all risks and
aset yang ditransfer atau bagian darinya. Jika rewards of the transferred assets or a portion of
seluruh atau secara substansial seluruh risiko them. If all or substantially all risks and rewards
dan manfaat masih dimiliki, maka aset yang are retained, then the transferred assets are not
ditransfer tidak dihentikan pengakuannya dari derecognized from the consolidated statements
laporan posisi keuangan konsolidasian. of financial position.
Pada saat aset dijual ke pihak ketiga dengan When assets are sold to a third party with a
pertukaran tingkat pengembalian secara concurrent total rate of return swap on the
bersamaan dari aset yang ditransfer, transaksi transferred assets, the transaction is accounted
dianggap sebagai transaksi keuangan yang for as a secured financing transaction, similar to
dijamin, serupa dengan transaksi dengan janji repurchase transactions.
akan dibeli kembali.



e.3. Penghentian pengakuan (lanjutan) e.3. Derecognition (continued)
Dalam transaksi dimana Bank dan Entitas Anak In transactions in which the Bank and
secara substansial tidak memiliki atau tidak Subsidiaries neither retain nor transfer
mentransfer seluruh risiko dan manfaat dari substantially all the risks and rewards of
kepemilikan aset keuangan, Bank dan Entitas ownership of a financial asset, the Bank and
Anak menghentikan pengakuan aset tersebut Subsidiaries derecognize the asset if they do
jika Bank dan Entitas Anak tidak lagi memiliki not retain control over the assets. The rights
pengendalian atas aset tersebut. Hak dan and obligations retained in the transfer are
kewajiban yang masih dimiliki dalam transfer recognized separately as assets and liabilities
tersebut diakui secara terpisah sebagai aset as appropriate. In transfers in which control
atau liabilitas. Dalam transfer dimana over the asset is retained, the Bank and
pengendalian atas aset masih dimiliki, Bank dan Subsidiaries continue to recognize the asset to
Entitas Anak mengakui aset yang ditransfer the extent of their continuing involvement,
tersebut sebesar keterlibatan berkelanjutan, determined by the extent to which they are
dimana tingkat keberlanjutan Bank dan Entitas exposed to changes in the value of the
Anak dalam aset yang ditransfer adalah sebesar transferred asset.
perubahan nilai aset yang ditransfer.
Dalam beberapa transaksi, Bank dan Entitas In certain transactions, the Bank and
Anak masih memiliki hak untuk mengelola aset Subsidiaries retain rights to service transferred
keuangan yang ditransfer dengan imbalan financial assets for certain fees. The transferred
tertentu. Aset yang ditransfer dihentikan assets are derecognized entirely if they meet
pengakuannya secara keseluruhan ketika the derecognition criteria. An asset or liability is
memenuhi kriteria penghentian pengakuan. recognized for the servicing rights, depending
Suatu aset atau liabilitas diakui untuk hak on whether the servicing fee is more than
pengelolaan atas aset tersebut, tergantung adequate to cover servicing expenses (asset)
apakah imbalan yang akan diterima diperkirakan or is less than adequate for performing the
lebih dari cukup untuk mengkompensasi beban servicing (liability).
penyediaan jasa yang diberikan (aset) atau
imbalan tersebut tidak cukup untuk
menyediakan jasa pengelolaan (liabilitas).
Bank dan Entitas Anak menghapusbukukan The Bank and Subsidiaries write off financial
saldo aset keuangan beserta penyisihan assets and any related allowance for
kerugian penurunan nilai terkait pada saat Bank impairment losses when the Bank and
dan Entitas Anak menentukan bahwa pinjaman Subsidiaries determine that those loans,
yang diberikan, piutang pembiayaan konsumen, consumer financing receivables, investment in
investasi sewa pembiayaan atau efek-efek financial leases or debt securities are
utang tersebut tidak dapat lagi ditagih. uncollectible. This determination is reached
Keputusan ini diambil setelah after considering information such as the
mempertimbangkan informasi terkait seperti occurrence of significant changes in the
telah terjadinya perubahan signifikan atas posisi borrowers/issuers financial position such that
keuangan debitur/penerbit yang mengakibatkan the borrower/issuer can no longer pay the
debitur/penerbit tidak lagi dapat melunasi obligation, or that proceeds from collateral will
liabilitasnya, atau hasil penjualan agunan tidak not be sufficient to pay back the entire
akan cukup untuk melunasi seluruh exposure.
eksposurnya.



e.4. Saling hapus e.4. Offsetting
Aset dan liabilitas keuangan dapat saling hapus Financial assets and liabilities are set off and
dan nilai netonya disajikan dalam laporan posisi the net amount is presented in the consolidated
keuangan konsolidasian jika, dan hanya jika, statements of financial position when, and only
Bank dan Entitas Anak memiliki hak yang when, the Bank and Subsidiaries have a legal
berkekuatan hukum untuk melakukan saling right to set off the amounts and intend either to
hapus atas jumlah yang telah diakui tersebut settle on a net basis or realize the asset and
dan berniat untuk menyelesaikan secara neto settle the liability simultaneously.
atau untuk merealisasikan aset dan
menyelesaikan liabilitasnya secara simultan.
Pendapatan dan beban disajikan dalam jumlah Income and expense are presented on a net
neto hanya jika diperkenankan oleh standar basis only when permitted by accounting
akuntansi. standards.
e.5. Pengukuran biaya perolehan diamortisasi e.5. Amortized cost measurement
Biaya perolehan diamortisasi dari aset The amortized cost of a financial asset or
keuangan atau liabilitas keuangan adalah financial liability is the amount at which the
jumlah aset atau liabilitas keuangan yang diukur financial asset or liability is measured at initial
pada saat pengakuan awal dikurangi recognition, minus principal repayments, plus or
pembayaran pokok, ditambah atau dikurangi minus the cumulative amortization using the
dengan amortisasi kumulatif dengan effective interest method of any difference
menggunakan metode suku bunga efektif yang between the initial amount recognized and the
dihitung dari selisih antara nilai awal dan nilai maturity amount, minus allowance for
jatuh temponya, dan dikurangi penyisihan impairment losses.
kerugian penurunan nilai.
e.6. Pengukuran nilai wajar e.6. Fair value measurement
Nilai wajar adalah nilai dimana suatu aset dapat Fair value is the amount for which an asset
dipertukarkan, atau suatu liabilitas diselesaikan could be exchanged, or a liability settled,
antara pihak yang memahami dan berkeinginan between knowledgeable, willing parties in an
untuk melakukan transaksi wajar (arms length arms length transaction on the measurement
transaction) pada tanggal pengukuran. date.
Jika tersedia, Bank dan Entitas Anak mengukur When available, the Bank and Subsidiaries
nilai wajar instrumen keuangan dengan measure the fair value of financial instrument
menggunakan harga kuotasi di pasar aktif untuk using quoted prices in an active market for that
instrumen tersebut. Suatu pasar dianggap aktif instrument. A market is regarded as active if
jika harga kuotasi sewaktu-waktu dan secara quoted prices are readily and regularly
berkala tersedia dan mencerminkan transaksi available and represent actual and regularly
pasar yang aktual dan rutin dalam suatu occurring market transactions on an arms
transaksi yang wajar. length basis.



e.6. Pengukuran nilai wajar (lanjutan) e.6. Fair value measurement (continued)
Jika pasar untuk suatu instrumen keuangan If a market for a financial instrument is not
tidak aktif, Bank dan Entitas Anak menentukan active, the Bank and Subsidiaries establish fair
nilai wajar dengan menggunakan teknik value using a valuation technique. Valuation
penilaian. Teknik penilaian mencakup techniques include using recent arms length
penggunaan transaksi pasar terkini yang transactions between knowledgeable, willing
dilakukan secara wajar oleh pihak-pihak yang parties and if available, reference to the current
memahami, berkeinginan, dan jika tersedia, fair value of other instruments that are
referensi atas nilai wajar terkini dari instrumen substantially the same, discounted cash flows
lain yang secara substansial sama, penggunaan analysis, and option pricing models. The
analisa arus kas yang didiskonto, dan chosen valuation technique makes maximum
penggunaan model penetapan harga opsi use of market inputs, relies as little as possible
(option pricing model). Teknik penilaian yang on estimates specific to the Bank and
dipilih memaksimalkan penggunaan input pasar, Subsidiaries, incorporates all factors that
dan meminimalkan penggunaan estimasi yang market participants would consider in setting a
bersifat spesifik dari Bank dan Entitas Anak, price, and is consistent with accepted economic
memasukkan semua faktor yang akan methodologies for pricing financial instruments.
dipertimbangkan oleh para pelaku pasar Inputs to valuation techniques reasonably
dalammenetapkansuatu harga dan konsisten represent market expectations and measures
dengan metodologi ekonomi yang diterima of the risk-return factors inherent in the
dalam penetapan harga instrumen keuangan. financial instrument. The Bank and
Input yang digunakan dalam teknik penilaian Subsidiaries calibrate valuation techniques and
secara memadaimencerminkan ekspektasi test them for validity using prices from
pasar dan ukuran atas faktor risiko dan observable current market transactions in the
pengembalian (risk-return) yang melekat pada same instrument or based on other available
instrumen keuangan. Bank dan Entitas Anak observable market data.
mengkalibrasi teknik penilaian dan menguji
validitasnya dengan menggunakan harga-harga
dari transaksi pasar terkini yang dapat
diobservasi untuk instrumen yang sama atau
atas dasar data pasar lainnya yang tersedia
yang dapat diobservasi.



Bukti terbaik atas nilai wajar instrumen The best evidence of the fair value of a financial
keuangan pada saat pengakuan awal adalah instrument at initial recognition is the
harga transaksi, yaitu nilai wajar dari transaction price, i.e., the fair value of the
pembayaran yang diberikan atau diterima, consideration given or received, unless the fair
kecuali jika nilai wajar dari instrumen keuangan value of that instrument is evidenced by
tersebut ditentukan dengan perbandingan comparison with other observable current
terhadap transaksi pasar terkini yang dapat market transactions in the same instrument
diobservasi dari suatu instrumen yang sama (i.e., without modification or repackaging) or
(yaitu tanpa modifikasi atau pengemasan ulang) based on a valuation technique whose
atau berdasarkan suatu teknik penilaian yang variables include only data from observable
variabelnya hanya menggunakan data dari markets. When transaction price provides the
pasar yang dapat diobservasi. Jika harga best evidence of fair value at initial recognition,
transaksi memberikan bukti terbaik atas nilai the financial instrument is initially measured at
wajar pada saat pengakuan awal, maka the transaction price and any difference
instrumen keuangan pada awalnya diukur pada between this price and the value initially
harga transaksi dan selisih antara harga obtained from a valuation model is
transaksi dan nilai yang sebelumnya diperoleh subsequently recognized in the consolidated
dari model penilaian diakui dalam laporan laba statements of comprehensive income
rugi komprehensif konsolidasian setelah depending on the individual facts and
pengakuan awal tergantung pada masing- circumstances of the transaction but not later
masing fakta dan keadaan dari transaksi than when the valuation is supported wholly by
tersebut namun tidak lebih lambat dari saat observable market data or the transaction is
penilaian tersebut didukung sepenuhnya oleh closed out.
data dari pasar yang dapat diobservasi atau
saat transaksi ditutup.
Nilai wajar mencerminkan risiko kredit atas Fair values reflect the credit risk of the
instrumen keuangan dan termasuk penyesuaian instrument and include adjustments to take into
yang dilakukan untuk memasukkan risiko kredit account the credit risk of the Bank/Subsidiaries
Bank/Entitas Anak dan pihak lawan, mana yang and counterparty where appropriate. Estimated
lebih sesuai. Estimasi nilai wajar yang diperoleh fair values obtained from models are adjusted
dari model penilaian akan disesuaikan untuk for any other factors, such as liquidity risk or
mempertimbangkan faktor-faktor lainnya, seperti model uncertainties, to the extent that the Bank
risiko likuiditas atau ketidakpastian model and Subsidiaries believe a third-party market
penilaian, sepanjang Bank dan Entitas Anak participation would take them into account in
yakin bahwa pelaku pasar pihak ketiga akan pricing a transaction.
mempertimbangkan faktor-faktor tersebut dalam
penetapan harga suatu transaksi.



Aset keuangan dan posisi long diukur Financial assets and long positions are
menggunakan harga penawaran, liabilitas measured at a bid price, financial liabilities and
keuangan dan posisi short diukur menggunakan short positions are measured at an ask price.
harga permintaan. Jika Bank dan Entitas Anak Where the Bank and Subsidiaries have
memiliki posisi aset dan liabilitas dimana risiko positions with offsetting risk, mid-market prices
pasarnya saling hapus, maka Bank dan Entitas are used to measure the offsetting risk
Anak dapat menggunakan nilai tengah dari positions and a bid or asking price adjustment
harga pasar sebagai dasar untuk menentukan is applied only to the net open position as
nilai wajar posisi risiko yang saling hapus appropriate.
tersebut dan menerapkan penyesuaian
terhadap harga penawaran atau harga
permintaan terhadap posisi terbuka neto (net
open position), mana yang lebih sesuai.
e.7. Pengungkapan e.7. Disclosure
Bank dan Entitas Anak mengklasifikasikan The Bank and Subsidiaries classify fair
pengukuran nilai wajar dengan value measurements using a fair value
menggunakan hirarki nilai wajar yang hierarchy that reflects the significance of
mencerminkan signifikansi input yang the inputs used in making the
digunakan dalam melakukan pengukuran. measurements. The fair value hierarchy
Hirarki nilai wajar memiliki tingkat sebagai shall have the followings levels:
berikut:
i. Harga kuotasian (tidak disesuaikan) i. Quoted prices (unadjusted) in active
dalam pasar aktif untuk aset dan markets for identical assets or
liabilitas yang identik (Tingkat 1); liabilities (Level 1);
ii. Input selain harga kuotasian yang ii. Inputs other than quoted prices
termasuk dalam Tingkat 1 yang dapat included within Level 1 that are
diobservasi untuk aset dan liabilitas observable for the asset or liability
baik secara langsung (misalnya harga) either directly (example, price) or
atau secara tidak langsung (misalnya indirectly (example, derived from
derivasi dari harga) (Tingkat 2); dan prices) (Level 2); and
iii. Input untuk aset dan liabilitas yang iii. Inputs for the asset and liability that
bukan berdasarkan data pasar yang are not based on observable market
dapat diobservasi (input yang tidak data (unobservable inputs) (Level 3).
dapat diobservasi) (Tingkat 3).



e.7. Pengungkapan (lanjutan) e.7. Disclosure (continued)
Risiko pasar - analisis sensitivitas Market risk - sensitivity analysis

Bank dan Entitas Anak mengungkapkan: The Bank and Subsidiaries disclose:
i. Analisis sensitivitas untuk setiap jenis i. A sensitivity analysis for each type of
risiko pasar dimana entitas terekspos market risk to which the entity is
pada akhir tahun pelaporan yang exposed at the end of the reporting
menunjukkan bagaimana laba rugi year, showing how profit or loss and
dan ekuitas mungkin terpengaruh oleh equity would have been affected by
perubahan pada variabel risiko yang changes in the relevant risk variable
relevan pada tanggal tersebut; that were reasonably possible at that
date;
ii. Metode dan asumsi yang digunakan ii. The methods and assumptions used
dalam menyusun analisis sensitivitas; in preparing the sensitivity analysis;
dan and
iii. Perubahan metode dan asumsi yang iii. Changes from the previous year in
digunakan tahun sebelumnya dan the methods and assumptions used
alasan perubahannya. and the reasons for such changes.
Untuk pengukuran nilai wajar yang diakui For fair value measurements recognized
dalam laporan posisi keuangan in the consolidated statement of financial
konsolidasian untuk setiap kelompok position, the Bank and Subsidiaries
instrumen keuangan, Bank dan Entitas disclose for each class of financial
Anak mengungkapkan: instruments:
i. Tingkat pada hirarki nilai wajar dimana i. The level in the fair value hierarchy
pengukuran nilai wajar dikategorikan into which the fair value
secara keseluruhan, memisahkan measurements are categorised in
pengukuran nilai wajar sesuai tingkat their entirety, segregating fair value
yang ditentukan di atas. measurements in accordance with
the levels defined above.
ii. Setiap pemindahan signifikan antara ii. Any significant transfers between
Tingkat 1 dan Tingkat 2 pada hirarki Level 1 and Level 2 of the fair value
nilai wajar dan alasannya. hierarchy and the reasons for those
Pemindahan ke dalam setiap tingkat transfers. Transfer into each level is
diungkapkan dan dijelaskan secara disclosed and discussed separately
terpisah dari pemindahan keluar dari from transfers out of each level.
setiap tingkat.
f. Klasifikasi dan reklasifikasi instrumen keuangan f. Classification and reclassification of financial

instruments
Klasifikasi aset dan liabilitas keuangan Classification of financial assets and liabilities
Bank dan Entitas Anak mengklasifikasikan instrumen The Bank and Subsidiaries classify the financial
keuangan ke dalam klasifikasi tertentu yang instruments into classes that reflect the nature of
mencerminkan sifat dari informasi dan information and take into account the characteristics
mempertimbangkan karakteristik dari instrumen of those financial instruments. The classification can
keuangan tersebut. Klasifikasi ini dapat dilihat pada be seen in the table below:
tabel berikut:




(lanjutan) instruments (continued)
Golongan (ditentukan oleh Bank

dan Entitas Anak)/Class (as
Kategori instrumen keuangan/ determined by the Bank and
Category of financial instrument Subsidiaries) Subgolongan/Subclasses
Aset keuangan yang Aset keuangan dalam kelompok Obligasi Pemerintah/Government
diukur pada nilai wajar diperdagangkan/Financial assets Bonds
melalui laporan laba held for trading Tagihan derivatif - Tidak terkait
rugi/Financial assets at lindung nilai/Derivative receivables
fair value through profit or - Non hedging related
loss
Giro pada Bank Indonesia/Current accounts with Bank Indonesia
Giro pada bank lain/Current accounts with other banks
Penempatan pada bank lain dan Bank Indonesia/Placements with other
banks and Bank Indonesia
Pinjaman yang diberikan/Loans
Konsumsi/Consumer
Modal kerja/Working capital
Pinjaman yang diberikan Investasi/Investment
dan piutang/Loans and Piutang murabahah/Murabahah receivables
Aset receivables Efek-efek yang dibeli dengan janji dijual kembali/Securities purchased under
keuangan/ resale agreements
Financial Piutang pembiayaan konsumen/Consumer financing receivables
assets Investasi sewa pembiayaan/Investment in finance leases
Aset reasuransi/Reinsurance assets
Piutang premi/Premium receivables
Tagihan akseptasi/Acceptances receivable
Beban dibayar dimuka dan aset lain-lain/Prepayments and other assets
Aset keuangan dimiliki Efek-efek/Marketable securities
hingga jatuh tempo/Held-
to-maturity investments
Kas/Cash
Aset keuangan tersedia
Efek-efek/Marketable securities
untuk dijual/Available-for-
Obligasi Pemerintah/Government Bonds
sale financial assets
Investasi dalam saham/Investments in shares
Lindung nilai atas arus Tagihan derivatif - Terkait lindung nilai atas
Derivatif lindung
kas/Hedging instruments in arus kas/Derivative receivables - Hedging
nilai/Hedging derivatives
cash flow hedges instruments in cash flow hedges related
Liabilitas keuangan yang Liabilitas keuangan dalam Liabilitas derivatif - Bukan lindung
diukur pada nilai wajar kelompok nilai/Derivatives liabilities - Non hedging
melalui laporan laba diperdagangkan/Financial
Liabilitas derivatif - terkait lindung nilai atas
rugi/Financial liabilities at liabilities held for trading
arus kas/Derivative liabilities - Hedging
fair value through profit
instruments in cash flow hedges related
or loss
Liabilitas Simpanan nasabah/Deposits from customers
keuangan/ Simpanan dari bank lain/Deposits from other banks
Financial Liabilitas keuangan yang
Efek yang dijual dengan janji dibeli kembali/Securities sold under repurchase
liabilities diukur dengan biaya
agreements
perolehan
Utang akseptasi/Acceptances payable
diamortisasi/Financial
Efek yang diterbitkan/Securities issued
liabilities at amortized
cost Pinjaman yang diterima/Borrowings
Beban yang masih harus dibayar dan liabilitas lain-lain/Accrued expenses
and other liabilities




Reklasifikasi aset keuangan Reclassification of financial assets
Bank dan Entitas Anak diperkenankan untuk The Bank and Subsidiaries shall reclassify any
mereklasifikasi instrumen keuangan dari kategori financial instrument out of the fair value through profit
instrumen keuangan yang diukur pada nilai wajar or loss category while it is held or issued, if it could
melalui laba rugi selama instrumen keuangan tersebut meet the requirements. Financial assets at fair value
dimiliki atau diterbitkan, jika memenuhi ketentuan through profit or loss are reclassified as loans and
tertentu. Aset keuangan yang diukur pada nilai wajar receivables if they meet the requirements as loans
melalui laba rugi dapat diklasifikasikan ke pinjaman and receivables and there is intention and ability to
yang diberikan dan piutang jika memenuhi ketentuan hold until the foreseeable future or maturity date.
sebagai pinjaman yang diberikan dan piutang dan
terdapat intensi dan kemampuan untuk memiliki aset
keuangan untuk masa yang akan datang yang dapat
diperkirakan atau sampai jatuh tempo.
Bank dan Entitas Anak tidak boleh mengklasifikasikan The Bank and Subsidiaries shall not classify any
aset keuangan sebagai investasi dimiliki hingga jatuh financial assets as held-to-maturity if the entity has,
tempo, jika dalam tahun berjalan atau dalam kurun during the current financial year or during the two
waktu dua tahun sebelumnya, telah menjual atau preceding financial years, sold or reclassified more
mereklasifikasi investasi dimiliki hingga jatuh tempo than an insignificant amount of held-to-maturity
dalam jumlah yang lebih dari jumlah yang tidak investments before maturity (more than insignificant
signifikan sebelum jatuh tempo (lebih dari jumlah yang in relation to the total amount of held-to-maturity
tidak signifikan dibandingkan dengan jumlah nilai investments) other than sales or reclassifications
investasi dimiliki hingga jatuh tempo), kecuali that:
penjualan atau reklasifikasi tersebut:
(i) dilakukan ketika aset keuangan sudah mendekati (i) are so close to maturity of the financial assets
jatuh tempo atau tanggal pembelian kembali call date that changes in the market rate of
dimana perubahan suku bunga tidak akan interest would not have a significant effect on
berpengaruh secara signifikan terhadap nilai the financial assets fair value;
wajar aset keuangan tersebut;
(ii) terjadi setelah Bank dan Entitas Anak telah (ii) occur after the Bank and Subsidiaries have
memperoleh secara substansial seluruh jumlah collected substantially all of the financial assets
pokok aset keuangan tersebut sesuai jadwal original principal through scheduled payments
pembayaran atau Bank dan Entitas Anak telah or prepayments; or
memperoleh pelunasan dipercepat; atau
(iii) terkait dengan kejadian tertentu yang berada (iii) are attributable to an isolated event that is
diluar kendali Bank dan Entitas Anak, yang tidak beyond the Bank and Subsidiaries control, is
berulang, dan tidak dapat diantisipasi secara non-recurring and could not have been
wajar oleh Bank dan Entitas Anak. reasonably anticipated by the Bank and
Subsidiaries.




Reklasifikasi aset keuangan (lanjutan) Reclassification of financial assets (continued)
Aset keuangan yang diklasifikasikan sebagai tersedia Financial assets classified as available-for-sale could
untuk dijual dapat direklasifikasi ke pinjaman yang be classified as loans and receivables if there is
diberikan dan piutang jika memiliki intensi dan intention and ability to hold until the foreseeable
kemampuan memiliki aset keuangan untuk masa future or maturity date.
mendatang yang dapat diperkirakan atau hingga jatuh
tempo.
Reklasifikasi aset keuangan dari kelompok dimiliki Reclassification of financial assets from held-to-
hingga jatuh tempo ke kelompok tersedia untuk dijual maturity classification to available-for-sale is
dicatat sebesar nilai wajarnya. Keuntungan atau recorded at fair value. The unrealized gains or losses
kerugian yang belum direalisasi tetap dilaporkan are recorded in the equity section and shall be
dalam komponen ekuitas sampai aset keuangan recognized directly in equity section until the financial
tersebut dihentikan pengakuannya, dan pada saat itu, assets are derecognized, at which time the
keuntungan atau kerugian kumulatif yang cumulative gain or loss previously recognized in
sebelumnya diakui dalam ekuitas harus diakui pada equity shall be recognized in the consolidated
laporan laba rugi komprehensif konsolidasian. statement of comprehensive income.
Reklasifikasi aset keuangan dari kelompok tersedia Reclassification of financial assets from available-for-
untuk dijual ke kelompok dimiliki hingga jatuh tempo sale to held-to-maturity classification is recorded at
dicatat pada nilai tercatat. Keuntungan atau kerugian carrying amount. The unrealized gains or losses are
yang belum direalisasi diamortisasi menggunakan amortized by using effective interest rate method up
metode suku bunga efektif sampai dengan tanggal to the maturity date of that instrument.
jatuh tempo instrumen tersebut.
g. Giro Wajib Minimum g. Statutory Reserves Requirement
Sesuai dengan Peraturan BI mengenai Giro Wajib In accordance with prevailing BI Regulation
Minimum Bank Umum dalam Rupiah dan Mata Uang concerning Commercial Banks Statutory Reserves
Asing, Bank diwajibkan untuk menempatkan Requirement in Rupiah and Foreign Currency, the
sejumlah persentase tertentu atas simpanan nasabah Bank is required to place certain percentage of
pada BI. deposits from customers with BI.
h. Giro pada Bank Indonesia dan bank lain h. Current accounts with Bank Indonesia and other
banks
Giro pada Bank Indonesia dan giro pada bank lain Subsequent to initial recognition, current accounts at
setelah pengakuan awal dicatat pada biaya perolehan Bank Indonesia and other banks were carried at
diamortisasi dengan menggunakan metode suku amortized cost using effective interest method in the
bunga efektif pada laporan posisi keuangan consolidated statements of financial position.
konsolidasian.
i. Penempatan pada bank lain dan Bank Indonesia i. Placements with other banks and Bank
Indonesia
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia
pada awalnya diukur pada nilai wajar ditambah biaya are initially measured at fair value plus incremental
transaksi yang dapat diatribusikan secara langsung direct transaction costs, and subsequently measured
dan merupakan biaya tambahan untuk memperoleh at their amortized cost using the effective interest
aset keuangan tersebut, dan setelah pengakuan awal method.
diukur pada biaya perolehan diamortisasi dengan
menggunakan metode suku bunga efektif.



j. Efek-efek dan Obligasi Pemerintah j. Marketable securities and Government Bonds
Efek-efek terdiri dari Sertifikat BI (SBI), wesel Marketable securities consist of BI Certificates
ekspor, obligasi (termasuk obligasi korporasi yang (SBI), trading export bills, bonds (including
diperdagangkan di bursa efek, obligasi syariah ijarah, corporate bonds traded on the stock exchange,
dan obligasi syariah mudharabah), fixed rate notes, ijarah sharia bonds, and mudharabah sharia bonds),
promissory notes, dan efek utang lainnya. fixed rate notes, promissory notes, and other debt
securities.
Efek-efek dan Obligasi Pemerintah diklasifikasikan Marketable securities and Government Bonds are
sebagai aset keuangan dalam kelompok classified as financial assets for trading, available-
diperdagangkan, tersedia untuk dijual, dan dimiliki for-sale, and held-to-maturity.
hingga jatuh tempo.
j.1. Diperdagangkan j.1. Trading
Efek-efek dan Obligasi Pemerintah yang Marketable securities and Government Bonds
diklasifikasikan ke dalam kelompok classified as trading are initially recognized and
diperdagangkan diakui dan diukur pada nilai subsequently measured at fair value in the
wajar di laporan posisi keuangan konsolidasian consolidated statements of financial position
pada saat pengakuan awal dan setelah with transaction costs taken directly to the
pengakuan awal, dengan biaya transaksi yang consolidated statements of comprehensive
terjadi diakui langsung di dalam laporan laba income for the year. Unrealized gains or losses
rugi komprehensif konsolidasian tahun berjalan. from changes in fair value of marketable
Keuntungan atau kerugian yang belum securities and Government Bonds are
direalisasi akibat perubahan nilai wajar efek- recognized as part of gain or loss from
efek dan Obligasi Pemerintah yang changes in fair value of financial instruments in
diperdagangkan diakui sebagai bagian dari the consolidated statement of comprehensive
keuntungan atau kerugian dari perubahan nilai income for the year.
wajar instrumen keuangan dalam laporan laba
rugi komprehensif konsolidasian tahun berjalan.
j.2. Tersedia untuk dijual dan dimiliki hingga jatuh j.2. Available-for-sale and held-to-maturity
tempo
Efek-efek dan Obligasi Pemerintah dalam Marketable securities and Government Bonds
kelompok tersedia untuk dijual dan dimiliki classified as available-for-sale and held-to-
hingga jatuh tempo pada awalnya diukur pada maturity are initially measured at fair value plus
nilai wajar ditambah biaya transaksi dan setelah transaction costs and subsequently accounted
pengakuan awal dicatat sesuai dengan for in accordance with their classification either
klasifikasi masing-masing sebagai tersedia as available-for-sale or held-to-maturity.
untuk dijual atau dimiliki hingga jatuh tempo.
Setelah pengakuan awal, efek-efek dan After initial recognition, marketable securities
Obligasi Pemerintah yang diklasifikasikan dalam and Government Bonds classified as available-
kelompok tersedia untuk dijual dinyatakan pada for-sale are carried at their fair value.
nilai wajarnya.



j. Efek-efek dan Obligasi Pemerintah (lanjutan) j. Marketable securities and Government Bonds
(continued)
tempo (lanjutan) (continued)
Pendapatan bunga diakui dalam laporan laba Interest income is recognized in the
rugi komprehensif konsolidasian dengan consolidated statements of comprehensive
menggunakan metode suku bunga efektif. Laba income using the effective interest method.
atau rugi selisih kurs atas efek-efek utang dan Foreign exchange gains or losses on available-
Obligasi Pemerintah yang tersedia untuk dijual for-sale debt securities and Government
diakui pada laporan laba rugi komprehensif Bonds are recognized in the consolidated
konsolidasian. statements of comprehensive income.
Perubahan nilai wajar lainnya diakui secara Other fair value changes are recognized
langsung sebagai pendapatan komprehensif directly as other comprehensive income until
lain sampai investasi tersebut dijual atau the investment is sold or impaired, where upon
mengalami penurunan nilai, saat dimana the cumulative gains and losses previously
keuntungan dan kerugian kumulatif yang recognized in other comprehensive income are
sebelumnya diakui sebagai pendapatan reclassified to profit or loss as a reclassification
komprehensif lain direklasifikasi ke laba rugi adjustment.
sebagai penyesuaian reklasifikasi.
Setelah pengakuan awal, efek-efek dan After initial recognition, marketable securities
Obligasi Pemerintah yang diklasifikasikan and Government Bonds classified as held-to-
dimiliki hingga jatuh tempo dicatat pada biaya maturity are carried at amortized cost using
perolehan diamortisasi menggunakan metode effective interest method. Any sale or
suku bunga efektif. Bila terjadi penjualan atau reclassification of more than an insignificant
reklasifikasi dalam jumlah yang lebih dari jumlah amount of held-to-maturity marketable
yang tidak signifikan dari efek-efek dan Obligasi securities and Government Bonds not close to
Pemerintah dalam kelompok dimiliki hingga their maturity would result in the reclassification
jatuh tempo yang belum mendekati tanggal of all held-to-maturity marketable securities
jatuh tempo, maka hal ini akan menyebabkan and Government Bonds as available-for-sale
reklasifikasi atas semua efek-efek dan Obligasi and prevent the Bank/Subsidiaries from
Pemerintah yang dimiliki hingga jatuh tempo ke classifying marketable securities and
dalam kelompok tersedia untuk dijual, dan Government Bonds as held-to-maturity for the
Bank/Entitas Anak tidak diperkenankan untuk current year and the following two financial
mengklasifikasikan efek-efek dan Obligasi years.
Pemerintah sebagai dimiliki hingga jatuh tempo
untuk tahun berjalan dan untuk kurun waktu dua
tahun mendatang.
Nilai wajar ditentukan berdasarkan harga Fair values are determined on the basis of
kuotasi pasar yang berlaku. Manajemen akan quoted market prices. Management will
menentukan nilai wajar efek-efek dan Obligasi determine the fair value of marketable
Pemerintah berdasarkan model yang securities and Government Bonds based upon
dikembangkan secara internal dan estimasi internal models and best estimates, if a reliable
terbaik jika harga pasar yang dapat diandalkan market value is not available.
tidak tersedia.



j. Efek-efek dan Obligasi Pemerintah (lanjutan) j. Marketable securities and Government Bonds
(continued)
tempo (lanjutan) (continued)
Efek-efek dan Obligasi Pemerintah yang Marketable securities and Government Bonds
diklasifikasikan ke dalam kelompok dimiliki classified as held-to-maturity are presented in
hingga jatuh tempo disajikan pada laporan the consolidated statements of financial
posisi keuangan konsolidasian berdasarkan position at acquisition cost, after amortization
harga perolehan, setelah amortisasi premi atau of premiums or discounts and specifically for
diskonto, dan khusus untuk efek-efek disajikan marketable securities, presented net of
neto setelah dikurangi penyisihan kerugian allowance for impairment losses.
penurunan nilai.
Amortisasi premi/diskonto untuk efek-efek dan Amortization of premium/discount for available-

Obligasi Pemerintah yang tersedia untuk dijual for-sale and held-to-maturity marketable
dan dimiliki hingga jatuh tempo dilakukan sejak securities and Government Bonds is calculated
tanggal perolehan sampai dengan tanggal jatuh from the acquisition date until the maturity date
tempo berdasarkan metode suku bunga efektif. using the effective interest method.
Penurunan nilai wajar di bawah harga The decline in fair value below the acquisition
perolehan (termasuk amortisasi premi dan cost (including amortization of premium and
diskonto) yang tidak bersifat sementara dicatat discount), which is determined to be other than
sebagai penurunan permanen nilai investasi temporary, is recorded as a permanent decline
dan dibebankan dalam laporan laba rugi in the value of investment and charged to the
komprehensif konsolidasian tahun berjalan. consolidated statement of comprehensive
income for the year.
Keuntungan dan kerugian yang direalisasi dari Realized gains and losses from selling of marketable
penjualan efek-efek dan Obligasi Pemerintah dihitung securities and Government Bonds are calculated
berdasarkan metode rata-rata tertimbang harga based on weighted average method of purchase
pembelian untuk efek-efek dan Obligasi Pemerintah price for marketable securities and Government
dalam kelompok untuk diperdagangkan dan tersedia Bonds classified as trading and available-for-sale.
untuk dijual.



k. Efek-efek yang dijual dengan janji dibeli kembali k. Securities sold under repurchase agreements
dan efek-efek yang dibeli dengan janji dijual and securities purchased under resale
kembali agreements
Efek-efek yang dijual dengan janji dibeli kembali Securities sold under repurchase agreements (repo)
(repo) disajikan sebagai liabilitas sebesar harga are presented as liabilities and stated at the agreed
pembelian kembali yang disepakati dikurangi selisih repurchase price less the difference between the
antara harga jual dan harga pembelian kembali yang selling price and agreed repurchase price. The
disepakati. Selisih antara harga jual dan harga difference between the selling price and agreed
pembelian kembali yang disepakati tersebut repurchase price is amortized using effective interest
diamortisasi dengan menggunakan metode suku method as interest expense over the period
bunga efektif sebagai beban bunga selama jangka commencing from the selling date to the repurchase
waktu sejak efek-efek tersebut dijual hingga saat date.
dibeli kembali.
Efek-efek yang dibeli dengan janji dijual kembali Securities purchased under resale agreements
(reverse repo) disajikan sebagai tagihan sebesar (reverse repo) are presented as receivables and
harga jual kembali efek-efek yang disepakati dikurangi stated at the agreed resale price less the difference
selisih antara harga beli dan harga jual kembali yang between the purchase price and the agreed resale
disepakati. Selisih antara harga beli dan harga jual price. The difference between the purchase price
kembali yang disepakati tersebut diamortisasi dengan and the agreed resale price is amortized using the
metode suku bunga efektif sebagai pendapatan effective interest method as interest income over the
bunga selama jangka waktu sejak efek-efek tersebut period commencing from the acquisition date to the
dibeli hingga dijual kembali. resale date.
l. Instrumen keuangan derivatif l. Derivative financial instruments
Dalam melakukan usaha bisnisnya, Bank melakukan In the normal course of business, the Bank enters
transaksi instrumen keuangan derivatif seperti kontrak into transactions involving derivative financial
tunai dan berjangka mata uang asing, swaps mata instruments such as foreign currency spot and
uang asing, cross currency swaps, swap suku bunga, forward contracts, foreign currency swaps, cross
kontrak opsi mata uang asing, dan kontrak future. currency swaps, interest rate swaps, foreign
Instrumen derivatif yang dilakukan Bank adalah untuk currency options, and future contracts. The
diperdagangkan dan untuk tujuan lindung nilai derivative instruments entered by the Bank were for
terhadap risiko Bank atas net open position, risiko trading as well as for hedging the Banks exposures
interest rate gap, risiko maturity gap dan risiko lainnya to net open position, interest rate gap risk, maturity
dalam kegiatan operasional Bank. Instrumen derivatif gap risk, and other risks in the Banks daily
diakui dalam laporan keuangan konsolidasian pada operations. Derivative instruments are recognized in
nilai wajar. Untuk memenuhi persyaratan akuntansi the consolidated financial statements at fair value. To
lindung nilai, beberapa kriteria tertentu harus dipenuhi, qualify for hedge accounting, certain criteria are to be
termasuk adanya dokumentasi formal pada awal met, including formal documentation to be in place at
lindung nilai. the inception of the hedge.



l. Instrumen keuangan derivatif (lanjutan) l. Derivative financial instruments (continued)
Akuntansi lindung nilai Hedge accounting
Bank dan salah satu Entitas Anak menerapkan The Bank and a Subsidiary applied cash flow hedge
akuntansi lindung nilai arus kas. Pada penetapan accounting. On initial designation of the hedge, the
awal lindung nilai, Bank dan Entitas Anak secara Bank and Subsidiary formally document the
formal mendokumentasikan hubungan antara relationship between the hedging instruments and
instrumen lindung nilai dengan item yang dilindung hedged items, including the risk management
nilai, termasuk tujuan manajemen risiko dan strategi objective and strategy in undertaking the hedge
dalam melakukan transaksi lindung nilai, bersamaan transaction, together with the method that will be
dengan metode yang akan digunakan untuk menilai used to assess the effectiveness of the hedging
efektifitas dari hubungan lindung nilai tersebut. Bank relationship. The Bank and Subsidiary make an
dan Entitas Anak melakukan penilaian, baik pada assessment, both at the inception of the hedge
awal hubungan lindung nilai maupun secara relationship as well as on an ongoing basis, whether
berkelanjutan, untuk menentukan apakah instrumen the hedging instruments are expected to be highly
lindung nilai tersebut dapat secara efektif menutupi effective in offsetting the changes in the cash flows
perubahan arus kas dari item yang dilindung nilai of the respective hedged items during the year for
terkait selama tahun dimana lindung nilai tersebut which the hedge is designated and whether the
ditetapkan dan apakah efektifitas setiap lindung nilai actual results of each hedge are within a range of
berada dalam kisaran 80-125 persen. 80-125 percent.
Perubahan nilai wajar instrumen derivatif yang tidak Changes in fair value of derivative instruments that
memenuhi kriteria lindung nilai dicatat dalam laporan do not qualify for hedge accounting are recognized
laba rugi komprehensif konsolidasian tahun yang in the current year consolidated statement of
bersangkutan. Jika instrumen derivatif dirancang dan comprehensive income. If derivative instruments are
memenuhi syarat akuntansi lindung nilai, perubahan designated and qualify for hedge accounting,
nilai wajar yang berkaitan dengan lindung nilai diakui changes in fair value of derivative instruments are
sebagai penyesuaian terhadap item yang dilindungi recorded as adjustments to the items being hedged
nilainya dalam laporan laba rugi komprehensif in the current year of consolidated statement of
konsolidasian tahun berjalan atau disajikan dalam comprehensive income or in the equity, depending
ekuitas, tergantung pada jenis transaksi dan efektifitas on the type of hedge transaction represented and
dari lindung nilai tersebut. the effectiveness of the hedge.
Pada saat derivatif dirancang sebagai instrumen When a derivative is designated as the hedging
lindung nilai untuk melindungi perubahan arus kas instrument in a hedge of the variability in cash flows
yang dapat diatribusikan pada risiko tertentu dari aset attributable to a particular risk associated with a
atau liabilitas yang diakui atau suatu prakiraan recognized asset or liability or a highly probable
transaksi yang dapat mempengaruhi laba rugi, maka forecast transaction that could affect profit or loss,
bagian efektif dari perubahan nilai wajar dari derivatif the effective portion of changes in the fair value of
diakui sebagai pendapatan komprehensif lainnya. the derivative is recognized in other comprehensive
Jumlah yang diakui dalam pendapatan komprehensif income. The amount recognized in other
lainnya direklasifikasi ke laporan laba rugi comprehensive income is reclassified to the
komprehensif konsolidasian sebagai penyesuaian consolidated statement of comprehensive income as
reklasifikasi pada tahun yang sama dimana arus kas a reclassification adjustment in the same year as the
yang dilindung nilai tersebut mempengaruhi laba rugi, hedged cash flows affect profit or loss, and in the
dan pada baris item yang sama pada laporan laba same line item in the consolidated statement of
rugi komprehensif konsolidasian. Setiap bagian yang comprehensive income. Any ineffective portion of
tidak efektif dalam perubahan nilai wajar derivatif changes in the fair value of the derivative is
diakui langsung pada laporan laba rugi komprehensif recognized immediately in the consolidated
konsolidasian. statement of comprehensive income.



l. Instrumen keuangan derivatif (lanjutan) l. Derivative financial instruments (continued)
Akuntansi lindung nilai (lanjutan) Hedge accounting (continued)
Jika derivatif lindung nilai kadaluarsa atau dijual, If the hedging derivative expires or is sold,
dihentikan atau dilaksanakan, atau pada saat lindung terminated, or exercised, or the hedge no longer
nilai tidak lagi memenuhi kriteria akuntansi lindung meets the criteria for cash flow hedge accounting, or
nilai arus kas atau pada saat transaksi lindung nilai the hedge designation is revoked, then hedge
dibatalkan maka secara prospektif akuntansi lindung accounting is discontinued prospectively. In a
nilai dihentikan. Pada saat lindung nilai atas suatu discontinued hedge of a forecast transaction, the
prakiraan transaksi dihentikan, maka jumlah kumulatif cumulative amount recognized in other
yang diakui pada pendapatan komprehensif lainnya comprehensive income from the year when the
sejak tahun dimana lindung nilai tersebut efektif, hedge was effective, is reclassified from other
direklasifikasi dari pendapatan komprehensif lainnya comprehensive income to the consolidated
ke laporan laba rugi komprehensif konsolidasian statement of comprehensive income as a
sebagai penyesuaian reklasifikasi pada saat prakiraan reclassification adjustment when the forecast
transaksi tersebut terjadi dan mempengaruhi laba transaction occurs and affects profit or loss. If the
rugi. Jika prakiraan transaksi tidak lagi diharapkan forecast transaction is no longer expected to occur,
akan terjadi, maka saldo di pendapatan komprehensif then the balance in other comprehensive income is
lainnya langsung direklasifikasi ke laporan laba rugi reclassified immediately to the consolidated
komprehensif konsolidasian sebagai penyesuaian statement of comprehensive income as a
reklasifikasi. reclassification adjustment.
m. Pinjaman yang diberikan m. Loans
Pinjaman yang diberikan pada awalnya diukur pada Loans are initially measured at fair value plus
nilai wajar ditambah biaya transaksi yang dapat incremental direct transaction cost and subsequently
diatribusikan secara langsung dan merupakan biaya measured at their amortized cost using the effective
tambahan untuk memperoleh aset keuangan tersebut, interest method.
dan setelah pengakuan awal diukur pada biaya
perolehan diamortisasi dengan menggunakan metode
suku bunga efektif.
Kredit dalam rangka pembiayaan bersama (kredit Syndicated loans are stated at amortized cost in
sindikasi) dinyatakan sebesar biaya perolehan accordance with the risk borne by the Bank.
diamortisasi sesuai dengan porsi risiko yang
ditanggung oleh Bank.



m. Pinjaman yang diberikan (lanjutan) m. Loans (continued)
Termasuk dalam pinjaman yang diberikan adalah Included in the loans is Sharia financing which
pembiayaan Syariah yang terdiri dari piutang consists of murabahah receivables, qardh financing,
murabahah, pinjaman qardh, Ijarah Muntahiyah Ijarah Muntahiyah Bittamlik, musyarakah financing,
Bittamlik, pembiayaan musyarakah, dan pembiayaan and mudharabah financing. Murabahah is an
mudharabah. Murabahah adalah akad jual beli agreement for the sale and purchase of goods
barang dengan menyatakan harga perolehan dan between the buyer and the seller at the agreed cost
keuntungan (marjin) yang disepakati oleh penjual dan and margin, and only can be done based on agreed
pembeli, dan hanya dapat dilakukan berdasarkan order. Musyarakah is an agreement between
pesanan yang bersifat mengikat. Musyarakah adalah investors (musyarakah partners) to join the capital in
akad kerjasama yang terjadi diantara para pemilik a partnership, at an agreed predefined term of
modal (mitra musyarakah) untuk menggabungkan nisbah. Mudharabah is an agreement between the
modal dan melakukan usaha secara bersama dalam Bank as an investor (shahibul maal) and customer
suatu kemitraan, dengan pembagian keuntungan as a fund manager (mudharib) to run a business with
berdasarkan nisbah yang telah disepakati pre-defined terms of nisbah (gain or loss). Ijarah
sebelumnya. Mudharabah adalah akad kerjasama Muntahiyah Bittamlik is an agreement to obtain profit
usaha antara Bank sebagai pemilik dana (shahibul on the leased object being leased with an option to
maal) dan nasabah sebagai pengelola dana transfer ownership of the leased object at certain
(mudharib) untuk melakukan kegiatan usaha dengan time.
nisbah pembagian hasil (keuntungan atau kerugian)
menurut kesepakatan dimuka. Ijarah Muntahiyah
Bittamlik adalah akad pemindahan hak guna
(manfaat) atas suatu aset dalam waktu tertentu
dengan pembayaran sewa yang diikuti dengan janji
perpindahan kepemilikan aset yang diijarahkan pada
saat tertentu.
Pinjaman yang diberikan dihapusbukukan ketika tidak Loans are written off when there are no realistic
terdapat prospek yang realistis mengenai prospects of future recovery and all collateral have
pengembalian dimasa datang dan semua jaminan been realized or have been foreclosed. When loans
telah direalisasi atau sudah diambil alih. Pinjaman are deemed uncollectible, they are written off against
yang tidak dapat dilunasi dihapusbukukan dengan the related allowance for impairment losses.
mendebit penyisihan kerugian penurunan nilai. Subsequent recoveries of loans written off are
Pelunasan kemudian atas pinjaman yang telah credited to the allowance for impairment losses in
dihapusbukukan sebelumnya, dikreditkan ke the consolidated statements of financial position.
penyisihan kerugian penurunan nilai di laporan posisi
keuangan konsolidasian.
Restrukturisasi kredit meliputi modifikasi persyaratan Loan restructuring may involve a modification of the
kredit, konversi kredit menjadi saham atau instrumen terms of the loans, conversion of loans into equity or
keuangan lainnya dan/atau kombinasi dari keduanya. other financial instruments and/or a combination of
both.



m. Pinjaman yang diberikan (lanjutan) m. Loans (continued)
Kredit yang direstrukturisasi disajikan sebesar nilai Restructured loans are stated at the lower of
yang lebih rendah antara nilai tercatat kredit pada carrying value of the loan at the time of restructuring
tanggal restrukturisasi atau nilai tunai penerimaan kas or net present value of the total future cash receipts
masa depan setelah restrukturisasi. Kerugian akibat after restructuring. Losses arising from any excess of
selisih antara nilai tercatat kredit pada tanggal the carrying value of the loan at the time of
restrukturisasi dengan nilai tunai penerimaan kas restructuring over the net present value of the total
masa depan setelah restrukturisasi diakui dalam future cash receipts after restructuring are
laporan laba rugi komprehensif konsolidasian. Setelah recognized in the consolidated statement of
restrukturisasi, semua penerimaan kas masa depan comprehensive income. Thereafter, all cash receipts
yang ditetapkan dalam persyaratan baru dicatat under the new terms shall be accounted for as the
sebagai pengembalian pokok kredit yang diberikan recovery of principal and interest income, in
dan pendapatan bunga sesuai dengan syarat-syarat accordance with the restructuring scheme.
restrukturisasi.
n. Investasi dalam saham n. Investments in shares
Investasi dalam saham yang diklasifikasikan sebagai Investments in shares classified as available-for-sale
aset keuangan tersedia untuk dijual dicatat sebesar financial asset is carried at cost after its initial
biaya perolehan setelah pengakuan awalnya karena recognition as it consists of unquoted equity
terdiri dari efek ekuitas tanpa harga kuotasi yang nilai securities whose fair value cannot be reliably
wajarnya tidak dapat diukur secara handal, kecuali measured, except for certain investment in shares
untuk investasi dalam saham tertentu yang memiliki that has quoted price which accounted for at fair
harga kuotasi dicatat sebesar nilai wajar setelah value after initial recognition.
pengakuan awalnya.
Dividen kas yang diterima atas investasi dalam Cash dividend received from investment in shares is
saham diakui sebagai pendapatan. recognized as income.
Investasi saham yang diterima dalam rangka Shares received in conjunction with debt
restrukturisasi tagihan dengan konversi tagihan restructuring through conversion of the debt into
menjadi penyertaan modal sementara, dicatat temporary investment are accounted for at cost.
sebesar harga perolehan.
o. Penyisihan kerugian penurunan nilai aset o. Allowance for impairment losses of financial
keuangan assets
Pada setiap tanggal pelaporan, Bank dan Entitas At each reporting date, the Bank and Subsidiaries
Anak mengevaluasi apakah terdapat bukti obyektif assess whether there is objective evidence that
bahwa aset keuangan yang tidak dicatat pada nilai financial assets not carried at fair value through profit
wajar melalui laporan laba rugi telah mengalami or loss are impaired. Financial assets are impaired
penurunan nilai. Aset keuangan mengalami when objective evidence demonstrates that a loss
penurunan nilai jika bukti obyektif menunjukkan event has occurred after the initial recognition of the
bahwa peristiwa yang merugikan telah terjadi setelah assets and the loss event has an impact on the
pengakuan awal aset keuangan, dan peristiwa future cash flows on the assets that can be
tersebut berdampak pada arus kas masa datang atas estimated reliably.
aset keuangan yang dapat diestimasi secara handal.



keuangan (lanjutan) assets (continued)
Bukti obyektif bahwa aset keuangan mengalami Objective evidence that financial assets are impaired
penurunan nilai meliputi wanprestasi atau tunggakan can include default or delinquency by a borrower,
pembayaran oleh debitur, restrukturisasi kredit atau restructuring of a loan by the Bank and Subsidiaries
dengan persyaratan yang diberikan oleh Bank dan on terms that the Bank and Subsidiaries would not
Entitas Anak yang tidak mungkin diberikan jika debitur otherwise consider, indications that a borrower or
tidak mengalami kesulitan keuangan, indikasi bahwa issuer will enter into bankruptcy, the disappearance
debitur atau penerbit akan dinyatakan pailit, hilangnya of an active market for a security due to financial
pasar aktif dari aset keuangan akibat kesulitan difficulties, or other observable data relating to a
keuangan, atau data yang dapat diobservasi lainnya group of assets such as adverse changes in the
yang terkait dengan kelompok aset keuangan seperti payment status of borrowers or issuers in the group,
memburuknya status pembayaran debitur atau or economic conditions that correlate with defaults in
penerbit dalam kelompok tersebut, atau kondisi the group.
ekonomi yang berkorelasi dengan wanprestasi atas
aset dalam kelompok tersebut.
Bank dan Entitas Anak menentukan bukti penurunan The Bank and Subsidiaries consider evidence of
nilai atas aset keuangan secara individual dan kolektif. impairment for financial assets at both specific and
Evaluasi penurunan nilai terhadap aset keuangan collective level. All individually significant financial
yang signifikan dilakukan secara individual. assets are assessed for specific impairment.
Semua aset keuangan yang signifikan secara All individually significant financial assets not to be
individual yang tidak mengalami penurunan nilai specifically impaired are then collectively assessed
secara individual dievaluasi secara kolektif untuk for any impairment that has been incurred but not yet
menentukan penurunan nilai yang sudah terjadi identified. Financial assets that are not individually
namun belum diidentifikasi. Aset keuangan yang tidak significant are collectively assessed for impairment
signifikan secara individual akan dievaluasi secara by grouping together such financial assets with
kolektif untuk menentukan penurunan nilainya dengan similar risk characteristics.
mengelompokkan aset keuangan tersebut
berdasarkan karakteristik risiko yang serupa.
Dalam menentukan penurunan nilai secara kolektif, In assessing collective impairment, the Bank and
Bank dan Entitas Anak menggunakan model statistik Subsidiaries use statistical modelling of historical
dari data historis atas probability of default, saat trends of the probability of default, timing of
pemulihan dan jumlah kerugian yang terjadi, yang recoveries and the amount of loss incurred, adjusted
disesuaikan dengan pertimbangan manajemen for managements judgement as to whether current
mengenai apakah kondisi ekonomi dan kredit saat ini economic and credit conditions are such that the
mungkin menyebabkan kerugian aktual lebih besar actual losses are likely to be greater or less than
atau lebih kecil daripada yang dihasilkan oleh model suggested by historical modelling. Default rates, loss
statistik. Tingkat wanprestasi, tingkat kerugian pada rates and the expected timing of future recoveries
saat pemulihan yang diharapkan di masa datang are regularly benchmarked against actual outcomes
secara berkala dibandingkan dengan hasil aktual to ensure that they remain appropriate.
yang diperoleh untuk memastikan bahwa model
statistik yang digunakan masih memadai.



Kerugian penurunan nilai atas aset keuangan yang Impairment losses on financial assets carried at
dicatat pada biaya perolehan diamortisasi diukur amortized cost are measured as the difference
sebesar selisih antara nilai tercatat aset keuangan between the carrying amount of the financial assets
dengan nilai kini estimasi arus kas masa datang yang and the present value of estimated future cash flows
didiskonto menggunakan suku bunga efektif awal dari discounted at the financial assets original effective
aset keuangan tersebut. Kerugian yang terjadi diakui interest. Losses are recognized in the consolidated
pada laporan laba rugi komprehensif konsolidasian statements of comprehensive income and reflected
dan dicatat pada akun penyisihan kerugian in the allowance account against financial assets
penurunan nilai atas aset keuangan yang dicatat pada carried at amortized cost. Interest on the impaired
biaya perolehan diamortisasi. Pendapatan bunga atas financial asset continued to be recognized using the
aset keuangan yang mengalami penurunan nilai tetap rate of interest used to discount the future cash flows
diakui atas dasar suku bunga yang digunakan untuk for the purpose of measuring the impairment loss.
mendiskonto arus kas masa datang dalam When a subsequent event causes the amount of
pengukuran kerugian penurunan nilai. Ketika peristiwa impairment loss to decrease, the impairment loss is
yang terjadi setelah penurunan nilai menyebabkan reversed through the consolidated statements of
jumlah kerugian penurunan nilai berkurang, kerugian comprehensive income.
penurunan nilai yang sebelumnya diakui harus
dipulihkan dan pemulihan tersebut diakui pada
laporan laba rugi komprehensif konsolidasian.
Kerugian penurunan nilai atas efek-efek yang tersedia Impairment losses on available-for-sale marketable
untuk dijual diakui dengan mengeluarkan kerugian securities are recognized by transferring the
kumulatif yang telah diakui secara langsung sebagai cumulative losses that have been recognized directly
pendapatan komprehensif lain ke laba rugi sebagai as other comprehensive income to profit or loss as a
penyesuaian reklasifikasi. Jumlah kerugian kumulatif reclassification adjustment. The cumulative losses
yang direklasifikasi dari pendapatan komprehensif lain that are reclassified from other comprehensive
ke laba rugi merupakan selisih antara biaya income to profit or loss are the difference between
perolehan, setelah dikurangi pelunasan pokok dan the acquisition cost, net of any principal repayment
amortisasi, dengan nilai wajar kini, dikurangi kerugian and amortization, and the current fair value, less any
penurunan nilai aset keuangan yang sebelumnya impairment loss previously recognized in the
telah diakui pada laporan laba rugi komprehensif consolidated statements of comprehensive income.
konsolidasian. Perubahan pada penyisihan kerugian Changes in impairment provisions attributable to
penurunan nilai yang berasal dari nilai waktu time value are reflected as a component of interest
dinyatakan sebagai komponen dari pendapatan income.
bunga.



Jika, pada tahun berikutnya, nilai wajar efek utang If, in a subsequent year, the fair value of an impaired
yang diklasifikasikan dalam kelompok tersedia untuk available-for-sale debt security increases and the
dijual yang mengalami penurunan nilai meningkat dan increase can be objectively related to an event
peningkatan tersebut dapat secara obyektif occurring after the impairment loss was recognized
dihubungkan dengan peristiwa yang terjadi setelah in the consolidated statements of comprehensive
pengakuan kerugian penurunan nilai pada laporan income, the impairment loss is reversed, with the
laba rugi komprehensif konsolidasian, maka kerugian amount of reversal recognized in the consolidated
penurunan nilai tersebut harus dipulihkan dan statements of comprehensive income.
pemulihan tersebut diakui pada laporan laba rugi
komprehensif konsolidasian.
Jika persyaratan kredit, piutang atau efek yang dimiliki If the terms of a loan, receivable or held-to-maturity
hingga jatuh tempo dinegosiasi ulang atau securities are renegotiated or otherwise modified
dimodifikasi karena debitur atau penerbit mengalami because of financial difficulties of the borrower or
kesulitan keuangan, maka penurunan nilai diukur issuer, impairment is measured using the original
dengan suku bunga efektif awal yang digunakan effective interest before the modification of terms.
sebelum persyaratan diubah.
Penyesuaian atas penyisihan kerugian penurunan Adjustments to the allowance for impairment losses
nilai dari aset dicatat dalam tahun dimana from assets are reported in the year such
penyesuaian tersebut diketahui atau dapat ditaksir adjustments become known or can be reasonably
secara wajar. Penyesuaian ini termasuk penambahan estimated. These adjustments include additional
penyisihan kerugian penurunan nilai, maupun allowance for impairment losses, as well as
pemulihan aset yang telah dihapusbukukan. recoveries of previously written off assets.
Usaha syariah Sharia business
Khusus untuk kegiatan usaha syariah, Bank Specifically for sharia business activities, the Bank
membentuk penyisihan kerugian penurunan nilai aset provides an allowance for impairment losses of
produktif serta estimasi kerugian atas rekening productive assets and estimated losses from off-
administratif (dicatat sebagai estimasi kerugian atas balance sheet transactions (recorded as estimated
komitmen dan kontinjensi yang merupakan bagian losses on commitments and contingencies which are
dari beban yang masih harus dibayar dan liabilitas part of accruals and other liabilities) based on the
lain-lain) berdasarkan hasil penelaahan terhadap evaluation of collectability of each individual asset
kolektibilitas dari masing-masing aset produktif dan and off balance sheet transaction with credit risk in
transaksi rekening administratif yang mempunyai accordance with BI regulation.
risiko kredit sesuai dengan Peraturan BI.
Aset produktif perbankan syariah terdiri dari giro pada Productive assets of sharia banking include current
Bank Indonesia, Sertifikat Bank Indonesia, efek-efek, accounts with Bank Indonesia, Certificates of Bank
piutang Islamic Banking (iB), piutang iB lainnya, Indonesia, marketable securities, Islamic Banking
pembiayaan iB dan transaksi rekening administratif (iB) receivables, other iB receivables, iB financing
yang mempunyai risiko kredit. and off-balance sheet transactions which contain
credit risk.



Penelaahan manajemen atas kolektibilitas masing- Managements evaluation on the collectability of

masing aset produktif dan transaksi rekening each individual productive asset and off-balance
administratif yang mempunyai risiko kredit untuk sheet transactions with credit risk for sharia banking
perbankan syariah dilakukan berdasarkan sejumlah is based on a number of factors, including
faktor, termasuk ketepatan pembayaran angsuran, punctuality of payment of installment, current
keadaan ekonomi/prospek usaha saat ini maupun and anticipated economic condition/borrower
yang diantisipasi untuk masa yang akan datang, performance, financial conditions, payment ability
kondisi keuangan/kinerja debitur, kemampuan and other relevant factors. In accordance with BI
membayar dan faktor-faktor lain yang relevan. Sesuai regulation, except for murabahah receivables that
dengan ketentuan BI, kecuali untuk piutang represents financing which identification and
murabahah yang merupakan pembiayaan dimana measurement of the individual allowance for
identifikasi dan pengukuran kerugian penurunan impairment losses based on SFAS No. 55 (Revised
nilainya dievaluasi secara individual yang dilakukan 2011) are conducted prospectively since 1 January
sesuai dengan PSAK No. 55 (Revisi 2011) secara 2014, the allowance for impairment losses on
prospektif sejak tanggal 1 Januari 2014, penyisihan productive assets is calculated using the following
penghapusan aset produktif yang dibentuk mengacu guidelines:
sebagai berikut:
i. Penyisihan umum sekurang-kurangnya 1% dari i. General allowance at a minimum of 1% of

aset produktif dan transaksi rekening administratif productive assets and off-balance sheet
yang digolongkan lancar. transactions that are classified as current.
ii. Penyisihan khusus untuk aset produktif dan ii. Specific allowance for productive assets and off
transaksi rekening administratif: balance sheet transactions:
Persentase minimum penyisihan/

Klasifikasi Minimum percentage of allowance Classification
Dalam perhatian khusus 5% Special mention

Kurang lancar 15% Substandard
Diragukan 50% Doubtful
Macet 100% Loss
Penyisihan khusus untuk aset produktif dan transaksi Specific allowance for productive assets and off-
rekening administratif yang mempunyai risiko kredit balance sheet transactions with credit risk classified
yang digolongkan sebagai dalam perhatian khusus, as special mention, substandard, doubtful, and loss
kurang lancar, diragukan, dan macet dihitung atas is calculated on total loan principal after deducting
jumlah pokok pinjaman yang diberikan setelah the value of allowable collateral. No allowance is
dikurangi dengan nilai agunan yang diperkenankan. provided for any portion of facility backed by cash
Pencadangan tidak dibentuk untuk porsi fasilitas yang collateral.
dijamin dengan agunan tunai.
Aset produktif dan transaksi rekening administratif Productive assets and off-balance sheet transactions
yang mempunyai risiko kredit dengan klasifikasi with credit risk classified as current and special
lancar dan dalam perhatian khusus sesuai dengan mention in accordance with BI regulations are
peraturan BI digolongkan sebagai aset produktif dan considered as performing productive assets and off-
transaksi rekening administratif yang tidak balance sheet transactions. On the other hand,
bermasalah. Sedangkan untuk aset produktif dan productive assets and off balance sheet transactions
transaksi rekening administratif yang mempunyai with credit risk classified as substandard, doubtful,
risiko kredit dengan klasifikasi kurang lancar, and loss are considered as non-performing
diragukan, dan macet digolongkan sebagai aset non- productive assets and off-balance sheet
produktif dan transaksi rekening administratif transactions.
bermasalah.



p. Penyisihan kerugian penurunan nilai atas aset p. Allowance for impairment losses on non-
yang bukan aset keuangan financial assets
Nilai tercatat dari aset yang bukan aset keuangan The carrying amounts of the Bank and Subsidiaries
milik Bank dan Entitas Anak, kecuali aset pajak non-financial assets, other than deferred tax assets,
tangguhan, ditelaah setiap tanggal pelaporan untuk are reviewed at each reporting date to determine
menentukan apakah terdapat indikasi penurunan nilai. whether there is any indication of impairment. If any
Jika indikasi tersebut ada, maka nilai yang dapat such indication exists then the assets recoverable
dipulihkan dari aset tersebut akan diestimasi. Untuk amount is estimated. For goodwill and intangible
goodwill dan aset takberwujud yang memiliki masa assets that have indefinite useful lives or that are not
manfaat yang tidak dapat ditentukan atau tidak yet available for use, the recoverable amount is
tersedia untuk digunakan, maka nilai yang dapat estimated each year at the same time.
dipulihkan harus diestimasi setiap tahunnya pada saat
yang sama.
Nilai yang dapat diperoleh kembali dari suatu aset The recoverable amount of an asset or cash-
atau unit penghasil kas adalah sebesar jumlah yang generating unit is the greater of its value in use and
lebih tinggi antara nilai pakainya dan nilai wajar aset its fair value less costs to sell. In assessing value in
atau unit penghasil kas dikurangi biaya untuk menjual. use, the estimated future cash flows are discounted
Dalam menilai nilai pakai, estimasi arus kas masa to their present value using a pre-tax discount rate
depan didiskontokan ke nilai sekarang dengan that reflects current market assessments of the time
menggunakan tingkat diskonto sebelum pajak yang value of money and the risks specific to the asset.
mencerminkan penilaian pasar saat ini terhadap nilai
kas kini dan risiko spesifik terhadap aset tersebut.
Untuk tujuan pengujian penurunan nilai, aset yang For the purpose of impairment testing, assets that
tidak dapat diuji secara individual akan digabungkan cannot be tested individually are grouped together
dalam kelompok yang paling kecil yang memberikan into the smallest group of assets that generates cash
arus kas masuk dari penggunaan berkelanjutan yang inflows from continuing use that are largely
sebagian besar independen terhadap arus kas masuk independent of the cash inflows of other assets or
atas aset atau kelompok aset lainnya (unit penghasil groups of assets (the cash generating unit or
kas atau UPK). Untuk tujuan penilaian penurunan CGU). For the purposes of goodwill impairment
nilai dari goodwill, UPK yang memperoleh alokasi testing, CGUs to which goodwill has been allocated
goodwill akan dijumlahkan sehingga tingkat dimana are aggregated so that the level at which impairment
penurunan nilai diuji menunjukkan tingkat terendah is tested reflects the lowest level at which goodwill is
dimana goodwill tersebut dipantau untuk tujuan monitored for internal reporting purposes. Goodwill
pelaporan internal. Goodwill yang diperoleh dari acquired in a business combination is allocated to
kombinasi bisnis akan dialokasikan ke kelompok UPK groups of CGUs that are expected to benefit from
yang diharapkan untuk mendapatkan manfaat dari the synergies of the combination.
sinergi atas kombinasi tersebut.



p. Penyisihan kerugian penurunan nilai atas aset p. Allowance for impairment losses on non-
yang bukan aset keuangan (lanjutan) financial assets (continued)
Penyisihan penurunan nilai diakui jika nilai tercatat An impairment loss is recognized if the carrying
dari suatu aset atau UPK melebihi nilai yang dapat amount of an asset or a CGU exceeds its
diperoleh kembali. Nilai yang dapat diperoleh kembali recoverable amount. Recoverable amount is the fair
adalah nilai wajar setelah estimasi biaya untuk value after estimated costs to sell related asset and
menjual aset terkait dan biaya tambahan yang dapat incremental costs for disposing the asset.
diatribusikan dengan pelepasan aset. Penyisihan Impairment losses of goodwill are recognized in the
penurunan nilai diakui pada laporan laba rugi current year consolidated statements of
komprehensif konsolidasian tahun berjalan. comprehensive income. Impairment losses
Penyisihan penurunan nilai goodwill yang diakui recognized in respect of CGUs are allocated first to
sehubungan dengan UPK akan dialokasikan pertama reduce the carrying amount of any goodwill allocated
kali untuk mengurangi nilai tercatat dari goodwill yang to the CGU and then to reduce the carrying amount
dialokasikan ke UPK dan kemudian mengurangi nilai of the other assets in the unit (group of units) on a
tercatat dari aset lainnya di dalam unit tersebut pro rata basis.
(kelompok unit) secara pro rata.
Penyisihan penurunan nilai sehubungan dengan An impairment loss in respect of goodwill is not
goodwill tidak dapat dipulihkan. Sehubungan dengan reversed. In respect of other assets, impairment
aset lainnya, penyisihan penurunan nilai yang diakui losses recognized in prior year are assessed at each
pada tahun sebelumnya dinilai pada setiap tanggal reporting date for any indications that the loss has
pelaporan untuk melihat adanya indikasi bahwa decreased or no longer exists. An impairment loss is
kerugian telah menurun atau tidak ada lagi. Kerugian reversed if there has been a change in the estimates
penurunan nilai dipulihkan jika terdapat perubahan used to determine the recoverable amount.
estimasi yang digunakan dalam menentukan nilai
yang dapat dipulihkan.
Penyisihan kerugian penurunan nilai dijurnal balik An impairment loss is reversed only to the extent
hanya hingga nilai tercatat aset tidak melebihi nilai that the assets carrying amount does not exceed the
tercatat yang telah ditentukan, dikurangi dengan carrying amount that would have been determined,
depresiasi atau amortisasi, jika penyisihan penurunan net of depreciation or amortization, if no impairment
nilai tidak pernah diakui. loss had been recognized.



q. Piutang pembiayaan konsumen q. Consumer financing receivables
Piutang pembiayaan konsumen merupakan jumlah Consumer financing receivables are stated at net of
piutang setelah dikurangi dengan bagian pembiayaan joint financing, unearned consumer financing income
bersama, pendapatan pembiayaan konsumen yang and allowance for impairment losses.
belum diakui dan penyisihan kerugian penurunan
nilai.
Piutang pembiayaan konsumen diklasifikasikan Consumer financing receivables are classified as

sebagai pinjaman yang diberikan dan piutang, dan loans and receivables, and subsequent to initial
setelah pengakuan awal, dicatat pada biaya recognition, are carried at amortized cost using the
perolehan diamortisasi dengan menggunakan metode effective interest method (Note 2.e.5).
suku bunga efektif (Catatan 2.e.5).
Pendapatan pembiayaan konsumen yang belum Unearned consumer financing income represents
diakui merupakan selisih antara jumlah keseluruhan the difference between total installments to be
pembayaran angsuran yang akan diterima dari received from the consumer and the principal
konsumen dan jumlah pokok pembiayaan, yang amount financed, which is recognized as income
diakui sebagai pendapatan selama jangka waktu over the term of the contract based on effective
kontrak berdasarkan tingkat suku bunga efektif dari interest rate of the related consumer financing
piutang pembiayaan konsumen. receivable.
Termasuk dalam piutang pembiayaan konsumen Included in consumer financing receivables are
adalah piutang pembiayaan murabahah. Murabahah murabahah financing receivables. Murabahah is
adalah akad jual beli barang dengan harga jual goods sell-buy contract with a sold price amounting
sebesar biaya perolehan ditambah keuntungan yang to acquisition cost plus agreed margin and the
disepakati dan Entitas Anak harus mengungkapkan Subsidiary must disclose the acquisition cost to
biaya perolehan barang tersebut kepada konsumen. consumer. When the murabahah contract is signed,
Pada saat akad murabahah, piutang pembiayaan murabahah financing receivables are recognized at
murabahah diakui sebesar biaya perolehan ditambah acquisition cost plus agreed margin. Murabahah
keuntungan (marjin). Keuntungan murabahah diakui margin is recognized over the period of the contract
selama periode akad berdasarkan pengakuan marjin based on margin of the murabahah financing
dari piutang pembiayaan murabahah. receivables.
Akad murabahah secara substansi merupakan suatu Substantially, murabahah contract is a financing, so
pembiayaan, sehingga pengakuan marjin dilakukan that margin recognition is based on standards which
berdasarkan standar yang mengatur pembiayaan, regulate financing, as mentioned in consumer
seperti yang disebutkan di kebijakan pembiayaan financing policy.
konsumen.
Piutang pembiayaan konsumen yang pembayaran Consumer financing receivables with installments
angsurannya menunggak lebih dari 90 hari overdue for more than 90 days are classified as non-
diklasifikasikan sebagai piutang bermasalah dan performing receivables and the related consumer
pendapatan pembiayaan konsumen diakui pada saat financing income is recognized only when it is
pendapatan tersebut diterima (cash basis). Bila terjadi actually collected (cash basis). In the events of
wanprestasi, piutang pembiayaan konsumen dapat default, consumer financing receivables could be
diselesaikan dengan menjual kendaraan yang dibiayai settled by selling the motor vehicle financed by the
oleh Entitas Anak. Subsidiary.



q. Piutang pembiayaan konsumen (lanjutan) q. Consumer financing receivables (continued)
Penyelesaian kontrak sebelum masa pembiayaan Early termination of a contract is treated as

konsumen berakhir diperlakukan sebagai pembatalan a cancellation of an existing contract and the
kontrak pembiayaan konsumen dan keuntungan yang resulting gain is recognized in the current year
timbul diakui dalam laporan laba rugi komprehensif consolidated statement of comprehensive income.
konsolidasian tahun berjalan.
Piutang pembiayaan konsumen akan Consumer financing receivables will be written off
dihapusbukukan setelah menunggak lebih dari 210 when they are overdue for more than 210 days.
hari. Penerimaan dari piutang yang telah Recoveries from written off receivables are
dihapusbukukan diakui sebagai pendapatan lain-lain recognized as other income upon receipt.
pada saat diterima.
Pembiayaan bersama Joint financing
Dalam pembiayaan bersama antara Bank dan Entitas In joint financing arrangements between the Bank
Anak, Entitas Anak berhak menentukan tingkat bunga and Subsidiaries, the Subsidiaries have the right to
yang lebih tinggi kepada konsumen dibandingkan set higher interest rates to the consumers than the
tingkat bunga yang ditetapkan dalam perjanjian interest rates stated in the joint financing agreement
pembiayaan bersama dengan Bank. with the Bank.
Seluruh kontrak pembiayaan bersama yang dilakukan All joint financing contracts entered by the
oleh Entitas Anak merupakan pembiayaan bersama Subsidiaries represent joint financing without
tanpa tanggung renteng (without recourse) dimana recourse in which only the Subsidiaries financing
hanya porsi jumlah angsuran piutang yang dibiayai portion of the total installments are recorded as
Entitas Anak yang dicatat sebagai piutang consumer financing receivables in the consolidated
pembiayaan konsumen di laporan posisi keuangan statements of financial position (net approach).
konsolidasian (pendekatan neto). Pendapatan Consumer financing income is presented in the
pembiayaan konsumen disajikan pada laporan laba consolidated statements of comprehensive income
rugi komprehensif konsolidasian setelah dikurangi after deducting the portions belonging to other
dengan bagian yang merupakan hak pihak-pihak lain parties who participated to these joint financing
yang berpartisipasi pada transaksi pembiayaan transactions.
bersama tersebut.
r. Sewa pembiayaan r. Finance leases
Penentuan apakah suatu perjanjian merupakan The determination of whether an arrangement is, or
perjanjian sewa atau perjanjian yang mengandung contains a lease is based on the substance of the
sewa didasarkan atas substansi perjanjian pada arrangement at inception date and whether the
tanggal awal sewa dan apakah pemenuhan fulfillment of the arrangement is dependent on the
perjanjian tergantung pada penggunaan suatu aset use of a specific asset and the arrangement conveys
dan perjanjian tersebut memberikan suatu hak untuk a right to use the asset. Leases are classified as
menggunakan aset tersebut. Suatu sewa finance leases if the leases transfer substantially all
diklasifikasikan sebagai sewa pembiayaan jika sewa the risks and rewards incidental to ownership of the
tersebut mengalihkan secara substansial seluruh leased assets. Leases are classified as operating
risiko dan manfaat yang terkait dengan kepemilikan leases if the leases do not transfer substantially all
aset. Suatu sewa diklasifikasikan sebagai sewa the risks and rewards incidental to ownership of the
operasi jika sewa tidak mengalihkan secara leased assets.
substansial seluruh risiko dan manfaat yang terkait
dengan kepemilikan aset.



r. Sewa pembiayaan (lanjutan) r. Finance leases (continued)
Entitas Anak mengakui aset berupa piutang sewa The Subsidiary recognized assets held under a
pembiayaan di laporan posisi keuangan sebesar financing lease in its statement of financial position
jumlah yang sama dengan investasi sewa neto. and presented them as a receivable at an amount
Penerimaan piutang sewa diperlakukan sebagai equal to the net investment in the lease. Payment of
pembayaran pokok dan penghasilan sewa the lease receivable is treated as repayment of
pembiayaan. Pengakuan penghasilan sewa principal and financing lease income. The
pembiayaan didasarkan pada suatu pola yang recognition of financing lease income is based on a
mencerminkan suatu tingkat pengembalian periodik pattern reflecting a constant periodic rate of return on
yang konstan atas investasi neto. Entitas Anak the Subsidiarys net investment in the financing
bertindak sebagai lessor dalam sewa pembiayaan. lease. The Subsidiary acts as a lessor in finance
leases.
Bila terjadi wanprestasi, piutang sewa pembiayaan In the events of default, finance lease receivables
dapat diselesaikan dengan menjual kendaraan yang could be settled by selling the motor vehicle that
dibiayai oleh Entitas Anak. financed by the Subsidiary.
s. Piutang premi s. Premium receivables
Piutang premi diakui ketika terjadinya dan diukur Premium receivables are recognized when due and
pada saat pengakuan awal sebesar nilai wajar dari measured on initial recognition at the fair value of the
pembayaran yang diterima atau yang akan dapat consideration received or receivable. Subsequent to
diterima. Setelah pengakuan awal, piutang premi initial recognition, premium receivables are
diukur sebesar biaya perolehan diamortisasi, dengan measured at amortized cost, using the effective
menggunakan metode suku bunga efektif. Nilai interest method. The carrying value of premium
tercatat dari piutang premi ditelaah untuk penurunan receivables is reviewed for impairment whenever
nilai jika terdapat peristiwa atau situasi yang events or circumstances indicate that the carrying
mengindikasikan bahwa nilai tercatat mungkin tidak amount may not be recoverable, with the impairment
dapat diperoleh kembali, dengan kerugian penurunan loss recorded in the current year consolidated
nilai yang terjadi dicatat pada laporan laba rugi statement of comprehensive income.
komprehensif konsolidasian.
t. Aset takberwujud t. Intangible assets
Aset takberwujud terdiri dari goodwill dan perangkat Intangible assets consist of goodwill and software
lunak yang dibeli Bank dan Entitas Anak. acquired by the Bank and Subsidiaries.
t.1. Goodwill t.1. Goodwill
Goodwill merupakan selisih lebih antara harga Goodwill represents the excess of the
perolehan investasi dan bagian Bank atas nilai acquisition cost over the Banks share of fair
wajar aset neto Entitas Anak yang diakuisisi value of the acquired subsidiaries net assets
pada tanggal akuisisi. at the date of acquisition.
Goodwill untuk selanjutnya disajikan sebesar Goodwill is subsequently measured at cost

harga perolehan dikurangi dengan akumulasi less accumulated impairment losses.
penurunan nilai.



t. Aset takberwujud (lanjutan) t. Intangible assets (continued)
t.2. Perangkat lunak t.2. Software
Perangkat lunak yang dibeli oleh Bank dan Software acquired by the Bank and
Entitas Anak dicatat sebesar biaya perolehan Subsidiaries is stated at cost less accumulated
dikurangi akumulasi amortisasi dan akumulasi amortization and accumulated impairment
kerugian penurunan nilai. losses.
Pengeluaran untuk pengembangan perangkat Expenditure on internally developed software

lunak secara internal diakui sebagai aset ketika is recognized as an asset when the Bank and
Bank dan Entitas Anak dapat Subsidiaries are able to demonstrate their
mendemonstrasikan maksud dan intention and ability to complete the
kemampuannya untuk menyelesaikan development and use of the software in a
pengembangan dan memakai perangkat lunak manner that will generate future economic
tersebut dalam menghasilkan keuntungan benefits, and can reliably measure the costs to
ekonomis dimasa mendatang, dan dapat complete the development. The capitalized
secara handal mengukur biaya untuk costs of internally developed software include
menyelesaikan pengembangan. Biaya yang all costs directly attributable to develop the
dikapitalisasi dari pengembangan perangkat software, and are amortized over its useful life.
lunak secara internal mencakup semua biaya Internally developed software is stated at
yang dapat diatribusikan langsung yang capitalized cost less accumulated amortization
dinyatakan pada biaya yang dikapitalisasi and impairment losses.
dikurangi akumulasi amortisasi dan penurunan
nilai.
Pengeluaran selanjutnya untuk perangkat lunak Subsequent expenditure on software is

akan dikapitalisasi hanya jika pengeluaran capitalized only when it increases the future
tersebut menambah manfaat ekonomis aset economic benefits embodied in the specific
yang bersangkutan di masa mendatang. asset to which it relates. All other expenditures
Semua pengeluaran lainnya dibebankan pada are expensed as incurred.
saat terjadinya.
Amortisasi diakui dalam laporan laba Amortization is recognized in the consolidated

rugi komprehensif konsolidasian dengan statements of comprehensive income on a
menggunakan metode garis lurus sepanjang straight-line basis over the estimated useful life
masa manfaat dari perangkat lunak tersebut, of the software, from the date it is available for
dari tanggal perangkat lunak tersebut tersedia use. The estimated useful life of software is
untuk dipakai. Estimasi masa manfaat dari five years.
perangkat lunak adalah lima tahun.
Metode amortisasi, estimasi masa manfaat, dan Amortization method, useful lives, and residual
nilai residual ditelaah pada setiap akhir tahun values are reviewed at each financial year-end
pelaporan dan disesuaikan jika dianggap tepat. and adjusted if appropriate.



u. Aset tetap dan penyusutan u. Fixed assets and depreciation
Aset tetap pada awalnya dinyatakan sebesar harga Fixed assets are initially recognized at acquisition
perolehan. Setelah pengukuran awal, aset tetap cost. After initial measurement, fixed assets are
diukur dengan model biaya, dicatat pada harga measured using the cost model, carried at their cost
perolehan dikurangi akumulasi penyusutan dan less any accumulated depreciation and accumulated
akumulasi penurunan nilai. impairment losses.
Harga perolehan mencakup harga pembelian dan Acquisition cost includes purchase price and any
semua beban yang terkait secara langsung untuk costs directly attributable to bring the assets to the
membawa aset tersebut ke lokasi dan kondisi yang location and condition necessary for it to be capable
diperlukan untuk memungkinkan aset tersebut of operating in the manner intended by
beroperasi sebagaimana ditentukan oleh manajemen. management.
Tanah dinyatakan sebesar harga perolehan dan tidak Land is stated at cost and not depreciated.
disusutkan.
Penyusutan aset tetap selain tanah dihitung dengan Depreciation of fixed assets other than land is
menggunakan metode garis lurus untuk calculated on the straight-line method to allocate
mengalokasikan harga perolehan hingga mencapai their cost until they reach their residual values which
nilai sisa yang diestimasikan sebesar nihil, sepanjang is expected to be nil, over their estimated useful lives
estimasi masa manfaatnya sebagai berikut: as follows:
Tahun/Years
Bangunan 20 Buildings
Perlengkapan kantor 4-5 Office equipment
Kendaraan bermotor 3-5 Motor vehicles
Apabila aset tetap tidak digunakan lagi atau dijual, When fixed assets are retired or otherwise disposed
maka nilai tercatat dan akumulasi penyusutannya of, their carrying values and the related accumulated
dikeluarkan dari laporan posisi keuangan depreciation are removed from the consolidated
konsolidasian, dan keuntungan atau kerugian yang statements of financial position, and the resulting
terjadi diakui dalam laporan laba rugi komprehensif gains or losses are recognized in the consolidated
konsolidasian. statements of comprehensive income.
Akumulasi biaya pengembangan aset tetap The accumulated costs of the construction of fixed
dikapitalisasi sebagai aset dalam penyelesaian. assets are capitalized as construction in progress.
Beban tersebut direklasifikasi ke aset tetap pada saat These costs are reclassified to fixed assets when the
proses konstruksi selesai. Penyusutan mulai construction is completed. Depreciation is charged
dibebankan pada bulan yang sama. from such month.
Beban perbaikan dan pemeliharaan dibebankan ke Repair and maintenance costs are charged to the
dalam laporan laba rugi komprehensif konsolidasian current year consolidated statements of
tahun berjalan. Beban renovasi dan penambahan comprehensive income. Significant cost of
yang jumlahnya signifikan dicatat sebagai bagian dari renovation and betterments is included in the
nilai tercatat aset yang bersangkutan apabila carrying amount of the assets when it is probable
kemungkinan besar Bank dan Entitas Anak akan that future economic benefits in excess of the
mendapatkan manfaat ekonomi masa depan dari originally assessed standard of performance of the
aset tersebut yang melebihi standar kinerja yang existing assets will flow to the Bank and
diperkirakan sebelumnya. Subsidiaries.
Estimasi umur ekonomis, metode penyusutan, dan Estimation of economic life, depreciation method,
nilai residu telah ditelaah pada setiap akhir tahun and residual value are reviewed at each financial
pelaporan dan disesuaikan jika dianggap tepat. year-end and adjusted if appropriate.



v. Agunan yang diambil alih v. Foreclosed assets
Agunan yang diambil alih sehubungan dengan Foreclosed assets acquired in conjunction with
penyelesaian kredit dinyatakan berdasarkan nilai settlement of loans are stated at the lower of related
terendah antara nilai tercatat pinjaman yang diberikan loans carrying value or net realizable value of the
terkait atau nilai realisasi neto dari agunan yang foreclosed assets. Net realizable value is the fair
diambil alih. Nilai realisasi neto adalah nilai wajar value of the foreclosed assets after deducting the
agunan yang diambil alih setelah dikurangi beban estimated cost of disposal. The excess between the
pelepasan. Selisih lebih antara nilai tercatat dan nilai carrying value and the net realizable value is
realisasi neto dicatat sebagai penyisihan penurunan recorded as allowance for decline in value of
nilai atas agunan yang diambil alih dan dibebankan foreclosed assets and is charged to the current year
pada laporan laba rugi komprehensif konsolidasian consolidated statements of comprehensive income.
tahun berjalan. Secara umum, Bank tidak In general, the Bank does not utilize foreclosed
menggunakan aset yang diambil alih untuk assets for business use.
kepentingan bisnis.
Beban-beban sehubungan dengan perolehan dan Expenses in relation with the acquisition and
pemeliharaan agunan yang diambil alih tersebut maintenance of those foreclosed assets are charged
dibebankan pada saat terjadinya. to expense as incurred.
w. Tagihan dan utang akseptasi w. Acceptances receivable and payable
Tagihan dan utang akseptasi setelah pengakuan Acceptances receivable and payable after initial
awal dicatat pada biaya perolehan diamortisasi. recognition are carried at amortized cost.
x. Simpanan nasabah dan simpanan dari bank lain x. Deposits from customers and deposits from
other banks
Simpanan nasabah dan simpanan dari bank lain Deposits from customers and deposits from other
pada awalnya diukur pada nilai wajar ditambah biaya banks are initially measured at fair value plus directly
transaksi yang dapat diatribusikan secara langsung attributable transaction costs and subsequently
dan setelah pengakuan awal diukur pada biaya measured at their amortized cost using the effective
perolehan diamortisasi dengan menggunakan interest method.
metode suku bunga efektif.
y. Pendapatan dan beban bunga y. Interest income and expenses
Pendapatan dan beban bunga diakui dalam laporan Interest income and expenses are recognized in the
laba rugi komprehensif konsolidasian dengan consolidated statements of comprehensive income
menggunakan metode suku bunga efektif. Suku using the effective interest method. The effective
bunga efektif adalah tingkat suku bunga yang secara interest is the rate that exactly discounts the
tepat mendiskontokan estimasi pembayaran dan estimated future cash payments and receipts
penerimaan kas di masa datang selama perkiraan through the expected life of the financial asset or
umur dari aset keuangan atau liabilitas keuangan financial liability (or, where appropriate, a shorter
(atau, jika lebih tepat, digunakan tahun yang lebih year) to the carrying amount of the financial asset or
singkat) untuk memperoleh nilai tercatat dari aset financial liability. When calculating the effective
keuangan atau liabilitas keuangan. Pada saat interest, the Bank and Subsidiaries estimate future
menghitung suku bunga efektif, Bank dan Entitas cash flows considering all contractual terms of the
Anak mengestimasi arus kas di masa datang dengan financial instrument but not future credit losses.
mempertimbangkan seluruh persyaratan kontraktual
dalam instrumen keuangan tersebut, tetapi tidak
mempertimbangkan kerugian kredit di masa
mendatang.



y. Pendapatan dan beban bunga (lanjutan) y. Interest income and expenses (continued)
Pendapatan dan beban bunga yang disajikan di Interest income and expenses presented in the
dalam laporan laba rugi komprehensif konsolidasian consolidated statements of comprehensive income
meliputi: include:
Bunga atas aset keuangan dan liabilitas Interest on financial assets and financial
keuangan yang dicatat pada biaya perolehan liabilities at amortized cost calculated on the
diamortisasi yang dihitung dengan menggunakan effective interest method;
metode suku bunga efektif;
Bunga atas aset keuangan untuk tujuan investasi Interest on available-for-sale financial assets
yang tersedia untuk dijual yang dihitung dengan calculated on the effective interest method;
menggunakan metode suku bunga efektif;
Bunga atas semua aset yang diklasifikasikan Interest on all trading assets. Interest income on
dalam kelompok diperdagangkan. Pendapatan all trading financial assets are considered to be
bunga dari semua aset keuangan yang incidental to the Banks trading operations.
diperdagangkan dipandang tidak signifikan
terhadap kegiatan perdagangan Bank.
Kredit yang pembayaran angsuran pokok atau Loans in which their principal and interest have been
bunganya telah lewat 90 hari atau lebih setelah jatuh past due for 90 days or more, or where reasonable
tempo, atau yang pembayarannya secara tepat waktu doubt exists as to their timely collection, are
diragukan, secara umum diklasifikasikan sebagai generally classified as impaired loans.
kredit yang mengalami penurunan nilai.
Seluruh penerimaan kas atas kredit yang All cash receipts from loans classified as doubtful or
diklasifikasikan sebagai diragukan atau macet, diakui loss are first applied as a reduction of the principal.
terlebih dahulu sebagai pengurang pokok kredit. The excess of cash receipts over the outstanding
Kelebihan penerimaan kas di atas pokok kredit diakui principal is recognized as interest income in the
sebagai pendapatan bunga dalam laporan laba rugi current year consolidated statements of
komprehensif konsolidasian tahun berjalan. comprehensive income.
Pengakuan pendapatan bunga dari pinjaman yang The recognition of interest income on loans,
diberikan (kredit), piutang pembiayaan konsumen, consumer financing receivables, and financial leases
dan sewa pembiayaan dihentikan pada saat kredit, is discontinued when the loans, consumer financing
piutang pembiayaan konsumen dan sewa receivables and financial leases are classified as
pembiayaan tersebut diklasifikasikan sebagai kredit impaired loans. Interest income from impaired loans,
yang mengalami penurunan nilai. Pendapatan bunga consumer financing receivables and financial leases
dari kredit, piutang pembiayaan konsumen dan sewa is reported as contingent receivables and to be
pembiayaan yang diklasifikasikan sebagai kredit yang recognized as income when the cash is received
mengalami penurunan nilai dilaporkan sebagai (cash basis).
tagihan kontinjensi dan diakui sebagai pendapatan
pada saat pendapatan tersebut diterima (cash basis).



z. Pendapatan dan beban asuransi z. Insurance income and expenses
Berdasarkan syarat dan ketentuan, kontrak yang Based on the terms and conditions, the contracts
diterbitkan oleh Entitas Anak merupakan kontrak issued by the Subsidiary are short term insurance
asuransi jangka pendek. Pendapatan premi bruto contract. Gross premium income of these contracts
atas kontrak tersebut diakui secara tahunan sejak is recognized on a yearly basis at the inception date
tanggal berlakunya kontrak. of the contracts.
Pendapatan premi bruto asuransi yang berjangka Gross premium income with a term of more than one
waktu lebih dari satu tahun diakui sebagai year is recognized as deferred premium income
pendapatan premi tangguhan pada saat diterima dan when received and is recognized as income on a
diakui sebagai pendapatan secara tahunan pada yearly basis at each policy anniversary date over the
setiap tanggal ulang tahun polis selama periode period of the insurance contract.
berlakunya kontrak asuransi.
Premi bruto mencakup premi koasuransi sebesar Gross premiums include the Subsidiarys share of
bagian pertanggungan Entitas Anak. Premi jenis ini coinsurance policy premiums. This type of premium
dikelompokkan sebagai premi tidak langsung. is classified as indirect premium.
Pendapatan underwriting neto ditentukan setelah Net underwriting income is determined net after
memperhitungkan cadangan untuk premi yang belum making provisions for unearned premium reserves,
merupakan pendapatan, beban klaim, beban akuisisi, claim expense, acquisition expense, and liability
dan tes kecukupan liabilitas. Metode yang digunakan adequacy test. The methods used to determine
untuk menentukan cadangan tersebut adalah sebagai these provisions are as follows:
berikut:
i) Premi yang belum merupakan pendapatan i) Unearned premium reserve
Cadangan premi atas kontrak asuransi jangka Premium reserves of short-term insurance
pendek dihitung dengan menggunakan premium contract are calculated using unearned premium
yang belum merupakan pendapatan. reserves.
Premi yang belum merupakan pendapatan Unearned premium reserve is calculated based
dihitung dengan menggunakan metode individual on the daily individual method. Under this
harian. Dengan metode ini, premi yang belum method, the unearned premium reserve is
merupakan pendapatan dihitung secara calculated proportionally in accordance with the
proporsional sesuai dengan jumlah proteksi yang amount of protection given during the period of
diberikan selama periode kontrak atau risiko contract or risk for each individual contract.
untuk setiap kontrak.
Aset reasuransi atas premi yang belum Reinsurance assets of unearned premium
merupakan pendapatan disajikan secara terpisah reserve are separately presented as
sebagai aset reasuransi. reinsurance assets.
Perubahan premi yang belum merupakan Changes in unearned premium reserve and
pendapatan dan aset reasuransi dari premi yang reinsurance assets of unearned premium
belum merupakan pendapatan diakui dalam laba reserve are recognized in profit or loss in the
rugi pada tahun terjadinya perubahan. year when the changes occur.



z. Pendapatan dan beban asuransi (lanjutan) z. Insurance income and expenses (continued)
ii) Beban klaim ii) Claim expense
Beban klaim dicatat pada saat terjadinya Claim expenses are recognized when an
kerugian. Beban klaim meliputi klaim yang telah insured loss is incurred. Claim expenses include
disetujui, estimasi klaim yang masih dalam claims approved, estimated for claim reported
proses dan estimasi klaim yang terjadi namun but not yet approved and estimated of incurred-
belum dilaporkan (IBNR). Dalam laporan posisi but-not-reported (IBNR) claims. In the
keuangan konsolidasian, estimasi klaim yang consolidated statements of financial position,
masih dalam proses dan IBNR disajikan dalam the estimated claims reported but not yet
akun estimasi klaim. approved and IBNR are presented under
estimated claim account.
Estimasi pemulihan klaim dari reasuransi Estimated reinsurance claim recoveries are
disajikan secara terpisah dalam akun aset presented separately as reinsurance assets
reasuransi. Selanjutnya, pengakuan estimasi account. Further, the recognition of estimated
klaim juga memasukkan komponen estimasi claims also included an estimate of claims
biaya penanganan klaim dan marjin atas handling expense and margin for adverse
kesalahan pengukuran. Pengakuan komponen deviation. The recognition of those components
tersebut mencerminkan pengukuran yang lebih reflects more relevant and reliable
relevan dan handal. measurement.
Perubahan jumlah estimasi klaim, sebagai akibat Changes in the amount of estimated claim as a
proses penelaahan Iebih lanjut dan perbedaan result of further review and differences between
antara jumlah estimasi klaim dengan klaim yang estimated claim and claims paid, are recognized
dibayarkan, diakui dalam laba rugi pada tahun in profit or loss in the year when the changes
terjadinya perubahan. occur.
Penerimaan dari hak subrogasi dan pendapatan Recoveries under subrogation rights and
residu dicatat sebagai pengurang beban klaim salvage are recorded as a reduction of claims
pada saat jumlahnya telah diketahui dengan expense when the amount is known.
pasti.
iii) Beban akuisisi iii) Acquisition expense
Beban akuisisi polis asuransi, seperti komisi, Insurance policy acquisition costs, such as
ditangguhkan dan diamortisasi dengan commissions are deferred and amortized using
menggunakan metode yang konsisten dengan an amortization method which is consistent with
metode yang digunakan untuk amortisasi premi the method used to amortize the unearned
yang belum merupakan pendapatan. premium reserve.
Beban akuisisi tangguhan polis asuransi jangka Deferred acquisition cost of short-term
pendek disajikan bersih didalam premi yang insurance policy is presented net within
belum merupakan pendapatan. unearned premium reserves.



z. Pendapatan dan beban asuransi (lanjutan) z. Insurance income and expenses (continued)
iv) Tes kecukupan liabilitas iv) Liability adequacy test
Pada setiap akhir tahun pelaporan, Entitas Anak At end of each reporting year, the Subsidiary
menilai apakah premi yang belum merupakan evaluates whether the unearned premium
pendapatan dan estimasi klaim yang diakui reserves and estimated claim as recognized in
dalam laporan posisi keuangan konsolidasian the consolidated statements of financial
telah mencukupi, dengan membandingkan position have been adequately recognized by
jumlah tercatat tersebut dengan estimasi arus comparing the carrying amount with the
kas masa depan sesuai dengan kontrak estimated future cash outflows in accordance
asuransi. with the insurance contracts.
Jika perbandingan tersebut menunjukkan bahwa If the valuation indicates that the carrying value
nilai tercatat atas liabilitas asuransi (dikurangi of insurance liabilities (net off deferred
dengan biaya akuisisi tangguhan dan aset acquisition costs and relevant intangible assets)
takberwujud terkait) lebih rendah dibandingkan is lower compared to the estimated present
dengan estimasi nilai kini atas arus kas masa value of future cash outflows, then such
depan, maka kekurangan tersebut diakui dalam deficiency is recognized in the consolidated
laba rugi komprehensif konsolidasian. statement of comprehensive income.
aa. Pendapatan dan beban provisi dan komisi aa. Fees and commission income and expense
Pendapatan dan beban provisi dan komisi yang Fees and commission income and expenses that
merupakan bagian tak terpisahkan dari suku bunga are integral to the effective interest of a financial
efektif atas aset keuangan atau liabilitas keuangan asset or financial liability are included in the
dimasukkan ke dalam perhitungan suku bunga efektif. calculation of effective interest rate.
Pendapatan provisi dan komisi lainnya termasuk Other fees and commission income, including credit
provisi yang terkait dengan kegiatan perkreditan, related fees, export-import related fees, syndication
kegiatan ekspor-impor, provisi sebagai pengatur lead arranger fees, and service fees are recognized
sindikasi dan provisi atas jasa diakui pada saat jasa as the related services are performed.
tersebut dilakukan.
Beban provisi dan komisi lainnya sehubungan Other fees and commission expense related
dengan transaksi antar bank diakui sebagai beban interbank transactions are expensed as the services
pada saat jasa tersebut diterima. are received.
Apabila pinjaman diselesaikan sebelum jatuh tempo, The outstanding balances of unamortized fees and
maka saldo pendapatan provisi dan komisi yang commissions on loans terminated or settled prior to
belum diamortisasi diakui pada saat pinjaman maturity are recognized as income upon settlement.
diselesaikan.
ab. Keuntungan atau kerugian dari perubahan nilai ab. Gain or loss from changes in fair value of
wajar atas instrumen keuangan financial instruments
Keuntungan atau kerugian dari perubahan nilai wajar Gain or loss from changes in fair value of financial
instrumen keuangan merupakan perubahan nilai instruments represents changes in fair value of
wajar efek-efek dan Obligasi Pemerintah yang trading marketable securities and Government
diperdagangkan dan instrumen derivatif. Bonds and derivative instruments.



ac. Reasuransi ac. Reinsurance
Entitas Anak mempunyai kontrak reasuransi treaty The Subsidiary has proportional and non-
proporsional dan non-proporsional, dan facultative proportional treaty reinsurance, as well as facultative
dengan perusahaan asuransi dan reasuransi di reinsurance contracts with local and foreign
dalam maupun di luar negeri. Tujuan reasuransi ini insurance and reinsurance companies. The objective
adalah untuk membagi risiko yang melebihi kapasitas of the reinsurance is to cede the risks exceeding the
retensi Entitas Anak. Penerimaan pemulihan yang Subsidiarys retention capacity. Expected
diharapkan dari reasuradur dicatat sebagai klaim reinsurance recoveries are recorded as reinsurance
reasuransi. claims.
Beban premi reasuransi dicatat sebagai pengurang Reinsurance premium cost is recorded as a
dari pendapatan premi bruto. Apabila reasuradur reduction of gross premium income. The Subsidiary
gagal memenuhi kewajibannya, maka Entitas Anak remains liable to the policy holders for reinsured
tetap memiliki kewajiban kepada pemegang polis atas losses in the event the reinsurers are unable to meet
kerugian yang telah direasuransikan. their obligations.
Efektif tanggal 1 Januari 2012, Entitas Anak Effective on 1 January 2012, the Subsidiary
menerapkan PSAK No. 62, Kontrak Asuransi. implements SFAS No. 62, Insurance Contract.
PSAK No. 62 tidak mengijinkan saling hapus antara: SFAS No. 62 does not allow offsetting between:
i. aset reasuransi dengan liabilitas asuransi terkait; i. reinsurance assets and the related insurance
atau liabilities; or
ii. pendapatan atau beban dari kontrak reasuransi ii. income or expense from reinsurance contract
dan beban atau pendapatan dari kontrak asuransi and expense or income from the related
terkait. insurance contract.
Aset reasuransi terdiri dari piutang reasuransi dan Reinsurance assets consist of reinsurance
porsi reasuransi dari premi yang belum merupakan receivables and reinsurance portion from unearned
pendapatan dan estimasi klaim. premiums and estimated claim.
Aset reasuransi ditelaah untuk penurunan nilai pada Reinsurance assets are reviewed for impairment at
setiap tanggal pelaporan, atau lebih sering, ketika each reporting date, or more frequently, when an
sebuah indikasi penurunan nilai timbul selama tahun indication of impairment arises during the reporting
pelaporan. Penurunan nilai terjadi ketika terdapat year. Impairment occurs when there is objective
bukti obyektif sebagai akibat dari suatu peristiwa yang evidence as a result of an event that occurred after
terjadi setelah pengakuan awal aset reasuransi initial recognition of the reinsurance asset that the
bahwa Entitas Anak tidak dapat menerima seluruh Subsidiary may not receive all outstanding amounts
jumlah terutang karena berdasarkan ketentuan due under the terms of the contract and the event
kontrak dan peristiwa tersebut memiliki dampak yang has a reliably measurable impact on the amounts
dapat diukur dengan handal yang akan that the Subsidiary will receive from the reinsurer.
mempengaruhi jumlah yang akan diterima oleh The impairment loss is recorded in the consolidated
Entitas Anak dari reasuradur. Kerugian penurunan statements of comprehensive income.
nilai dicatat dalam laporan laba rugi komprehensif
konsolidasian.
ad. Efek yang diterbitkan ad. Securities issued
Efek yang diterbitkan dicatat sebesar nilai nominal Securities issued are presented at nominal value,
dikurangi saldo diskonto yang belum diamortisasi. net of unamortized discounts. Bond issuance costs
Beban emisi obligasi sehubungan dengan penerbitan in connection with the issuance of bonds are
obligasi diakui sebagai diskonto dan dikurangkan recognized as discounts and directly deducted from
langsung dari hasil emisi obligasi. Diskonto the proceeds of securities issued. The discounts are
diamortisasi selama jangka waktu obligasi tersebut amortized over the period of the bonds using the
dengan menggunakan metode suku bunga efektif. effective interest method.



ae. Sukuk mudharabah ae. Mudharabah bonds
Entitas Anak pada awalnya mengakui sukuk The Subsidiary initially recognizes mudharabah
mudharabah pada saat sukuk mudharabah bonds on the date of issuance of mudharabah bonds
diterbitkan sebesar nominalnya. at nominal value.
Setelah pengakuan awal, sukuk mudharabah dicatat Subsequent to initial recognition, mudharabah bonds
pada biaya perolehan. are measured at cost.
Biaya transaksi sehubungan dengan penerbitan Transaction costs related to the issuance of
sukuk mudharabah diakui secara terpisah dari sukuk mudharabah bonds are recognized separately from
mudharabah. Biaya transaksi diamortisasi mudharabah bonds. Transaction costs are
menggunakan metode garis lurus selama jangka amortized using straight-line method over the term of
waktu sukuk mudharabah dan dicatat sebagai bagian mudharabah bonds and are recorded as part of
dari beban keuangan. financing charges.
Sukuk mudharabah disajikan sebagai bagian dari Mudharabah bonds are presented as a part of
liabilitas dan biaya transaksi sehubungan penerbitan liabilities and the transaction costs related to the
sukuk mudharabah disajikan dalam aset sebagai issuance of mudharabah bonds are presented in
biaya dibayar dimuka. assets as a part of prepaid expenses.
af. Pinjaman subordinasi af. Subordinated loans
Pinjaman subordinasi dicatat sebesar nilai nominal Subordinated loans are presented at nominal value,
dikurangi saldo diskonto yang belum diamortisasi. net of unamortized discounts. The differences
Selisih antara nilai nominal dengan kas yang diterima between nominal value and cash received are
diakui sebagai diskonto atau premi dan diamortisasi recognized as discounts or premium and amortized
sepanjang jangka waktu pinjaman berdasarkan over the period of the loans using the effective
metode suku bunga efektif. interest method.
ag. Perpajakan ag. Taxation
Beban pajak terdiri dari beban pajak kini dan beban Income tax expense comprises of current and
pajak tangguhan. Beban pajak diakui pada laporan deferred tax. Income tax expense is recognized in
laba rugi komprehensif konsolidasian kecuali untuk the consolidated statements of comprehensive
akun yang langsung diakui di komponen ekuitas income except to the extent it relates to accounts
lainnya, dimana beban pajak yang terkait dengan recognized directly in other equity components, in
akun tersebut diakui di pendapatan komprehensif lain. which case it is recognized in other comprehensive
income.
Beban pajak kini adalah utang pajak yang ditentukan Current tax is the expected tax payable on the
berdasarkan laba kena pajak untuk tahun yang taxable income for the year, using tax rates enacted
bersangkutan yang dihitung berdasarkan tarif pajak or substantively enacted at the reporting date.
yang berlaku atau yang secara substansial telah
berlaku pada tanggal pelaporan.



ag. Perpajakan (lanjutan) ag. Taxation (continued)
Bank dan Entitas Anak menerapkan metode aset dan The Bank and Subsidiaries adopt the asset and
liabilitas dalam menghitung beban pajaknya. Dengan liability method in determining their income tax
metode ini, aset dan liabilitas pajak tangguhan diakui expense. Under this method, deferred tax assets
pada setiap tanggal pelaporan sebesar perbedaan and liabilities are recognized at each reporting date
temporer aset dan liabilitas untuk tujuan akuntansi for temporary differences between the financial and
dan tujuan pajak. Metode ini juga mengharuskan tax bases of assets and liabilities. This method also
pengakuan manfaat pajak di masa akan datang, jika requires the recognition of future tax benefits, to the
kemungkinan realisasi manfaat tersebut di masa extent that realization of such benefits is probable.
mendatang cukup besar (probable). Tarif pajak yang Currently enacted or substantively enacted tax rates
berlaku atau yang secara substansial telah berlaku are used in the determination of deferred income tax.
digunakan dalam menentukan pajak penghasilan
tangguhan.
Aset pajak tangguhan diakui apabila terdapat Deferred tax assets are recognized to the extent that
kemungkinan besar bahwa jumlah laba fiskal pada it is probable that future taxable profit will be
masa datang akan memadai untuk mengkompensasi available to compensate the temporary differences
perbedaan temporer yang menimbulkan aset pajak which result in such deferred tax assets.
tangguhan tersebut.
Aset dan liabilitas pajak penghasilan tangguhan dapat Deferred income tax assets and liabilities are offset
saling hapus apabila terdapat hak yang berkekuatan when there is a legally enforceable right to offset
hukum untuk melakukan saling hapus antara aset current tax assets against current tax liabilities and
pajak kini dengan liabilitas pajak kini dan apabila aset when the deferred income tax assets and liabilities
dan liabilitas tangguhan terkait pajak penghasilan relate to income taxes levied by the same taxation
yang dikenakan oleh otoritas perpajakan yang sama, authority on either the same taxable entity or
baik atas entitas kena pajak yang sama ataupun different taxable entities where there is an intention
berbeda dan adanya niat untuk melakukan to settle the balances on a net basis.
penyelesaian saldo-saldo tersebut secara neto.
Perubahan terhadap kewajiban perpajakan dicatat Amendments to taxation obligations are recorded
pada saat diterimanya surat ketetapan, atau apabila when an assessment is received or, if appeal is
dilakukan banding, ketika hasil banding diterima. applied, when the results of the appeal are received.
ah. Imbalan kerja ah. Employee benefits
Kewajiban imbalan pasca-kerja Obligation for post-employment benefits
Bank dan Entitas Anak menerapkan PSAK No. 24 The Bank and Subsidiaries adopt PSAK No. 24
(Revisi 2010), Imbalan Kerja, yang mengatur (Revised 2010), Employee Benefits, which
mengenai akuntansi dan pengungkapan untuk regulates accounting and disclosures for employee
imbalan kerja. benefits.
Bank dan Entitas Anak memiliki berbagai program The Bank and Subsidiaries have various pension
pensiun sesuai dengan peraturan perundang- schemes in accordance with prevailing labour-
undangan yang berhubungan dengan related laws and regulations or the Bank and
ketenagakerjaan atau kebijakan yang dimiliki oleh Subsidiaries policies. The schemes are generally
Bank dan Entitas Anak. Program-program ini pada funded through payments to trustee-administered
umumnya didanai melalui pembayaran kepada funds at an amount as determined by periodic
pengelola dana pensiun yang jumlahnya ditentukan actuarial calculations.
berdasarkan perhitungan aktuaria yang dilakukan
secara berkala.



ah. Imbalan kerja (lanjutan) ah. Employee benefits (continued)
Kewajiban imbalan pasca-kerja (lanjutan) Obligation for post-employment benefits

(continued)
Program pensiun imbalan pasti adalah program A defined benefit pension plan is a pension plan that
pensiun yang menentukan jumlah imbalan pensiun defines an amount of pension benefits to be
yang akan diberikan, biasanya berdasarkan satu provided, usually as a function of one or more factors
faktor atau lebih seperti usia, masa kerja atau such as age, periods of services or compensation. A
kompensasi. Program pensiun iuran pasti adalah defined contribution plan is a pension plan under
program pensiun dimana perusahaan akan which a company pays fixed contributions to a
membayar iuran tetap kepada sebuah entitas yang separate entity (a fund) and will have no legal or
terpisah (dana pensiun) dan tidak memiliki kewajiban constructive obligations to pay further contributions if
hukum atau konstruktif untuk membayar kontribusi the fund does not hold sufficient assets to pay all
lebih lanjut apabila dana pensiun tersebut tidak employee benefits relating to employee service in
memiliki aset yang memadai untuk membayar the current and prior periods.
seluruh imbalan karyawan yang timbul dari pelayanan
yang diberikan oleh karyawan pada masa kini dan
masa lalu.
Kewajiban program imbalan pasti yang diakui di The liability recognized in the consolidated
laporan posisi keuangan konsolidasian dihitung statements of financial position in respect of defined
sebesar nilai kini dari estimasi kewajiban imbalan benefit pension plans is calculated at present value
pasca-kerja di masa depan yang timbul dari jasa yang of estimated future benefits that the employees have
telah diberikan oleh karyawan pada masa kini dan earned in return for their services in the current and
masa lalu, dikurangi dengan nilai wajar aset neto prior periods, deducted by any plan assets. The
dana pensiun. Perhitungan dilakukan oleh aktuaris calculation is performed by an independent actuary
independen dengan metode projected-unit-credit. using the projected-unit-credit method.
Bila terjadi perubahan imbalan pasca-kerja, kenaikan When the benefits of a plan change, the increased
atau penurunan imbalan sehubungan dengan jasa or decreased benefits relating to past services by
yang telah diberikan oleh karyawan pada masa lalu employees are charged or credited to the
dibebankan atau dikreditkan ke dalam laporan laba consolidated statements of comprehensive income
rugi komprehensif konsolidasian dengan on a straight-line basis over the average remaining
menggunakan metode garis lurus (straight-line service years until the benefits become vested. To
method) selama rata-rata sisa masa kerja karyawan the extent that the benefits vest immediately, the
hingga imbalan pasca-kerja menjadi hak karyawan expense is recognized immediately in the
(vested). Imbalan pasca-kerja yang telah menjadi hak consolidated statements of comprehensive income.
karyawan diakui segera sebagai beban dalam
laporan laba rugi komprehensif konsolidasian.
Keuntungan atau kerugian aktuaria diakui sebagai Actuarial gains or losses are recognized as income
pendapatan atau beban apabila akumulasi or expense when the net cumulative unrecognized
keuntungan atau kerugian aktuaria neto yang belum actuarial gains or losses at the end of the previous
diakui pada akhir tahun pelaporan sebelumnya reporting year exceeded 10% of the present value
melebihi 10% dari nilai kini imbalan pasca-kerja pada of the defined benefit obligation at that date. These
tanggal tersebut. Keuntungan atau kerugian diakui gains or losses are recognized on a straight-line
dengan menggunakan metode garis lurus (straight- basis over the average remaining working lives of
line method) selama sisa masa kerja rata-rata the employees. Otherwise, the actuarial gains or
karyawan. Jika tidak, keuntungan atau kerugian losses are not recognized.
aktuaria tidak diakui.



ah. Imbalan kerja (lanjutan) ah. Employee benefits (continued)
Kewajiban imbalan pasca-kerja (lanjutan) Obligations for post-employment benefits

(continued)
Selain program pensiun imbalan pasti, Bank dan In addition to a defined benefit pension plan, the
Entitas Anak juga memiliki program iuran pasti Bank and Subsidiaries also have a defined
dimana Bank dan Entitas Anak membayar iuran yang contribution plan where the Bank and Subsidiaries
dihitung berdasarkan persentase tertentu dari gaji pay contributions at a certain percentage of
pokok karyawan kepada program asuransi pensiun employees basic salaries to a financial institution
yang diselenggarakan oleh dana pensiun lembaga pension plans. The contributions are charged to the
keuangan. Iuran dibebankan ke dalam laporan laba consolidated statements of comprehensive income
rugi komprehensif konsolidasian pada saat terutang. as they become payable.
Pesangon Termination benefits
Pesangon terutang ketika karyawan dihentikan Termination benefits are payable whenever an
kontrak kerjanya sebelum usia pensiun normal. Bank employees employment is terminated before the
dan Entitas Anak mengakui kewajiban pesangon normal retirement age. The Bank and Subsidiaries
ketika Bank dan Entitas Anak menunjukkan recognize termination benefits liability when it is
komitmennya untuk memutuskan kontrak kerja demonstrably committed to terminate the
dengan karyawan berdasarkan suatu rencana formal employment of current employees according to a
terperinci yang kecil kemungkinannya untuk detailed formal plan and the possibility to withdraw
dibatalkan. Pesangon yang akan dibayarkan dalam the plan is remote. Benefits falling due more than 12
waktu lebih dari 12 bulan setelah tanggal pelaporan months after the reporting date are discounted at
didiskontokan untuk mencerminkan nilai kini. present value.
Kompensasi karyawan/manajemen berbasis Employee/management stock option

saham
Bank memberikan opsi saham kepada para The Bank provides stock options to key
manajemen dan karyawan yang memenuhi management and eligible employees. Compensation
persyaratan. Beban kompensasi ditentukan pada cost is measured at grant date based on the fair
tanggal pemberian opsi berdasarkan nilai wajar dari value of the stock options using Binomial and a
opsi saham yang diberikan yang dihitung dengan combination of Black & Scholes and Up-and-In Call
menggunakan metode penentuan harga opsi Option pricing models, and is recognized in the
Binomial dan kombinasi metode Black & Scholes consolidated statements of comprehensive income
dengan Up-and-In Call Option, dan diakui dalam over employees service period until the stock option
laporan laba rugi komprehensif konsolidasian selama becomes vested.
masa bakti karyawan hingga opsi saham tersebut
menjadi hak karyawan (vesting year).
Program kompensasi jangka panjang Long-term compensation program
Bank dan Entitas Anak memberikan program The Bank and Subsidiaries provide long term
kompensasi jangka panjang kepada Direksi dan compensation program to the Banks and
karyawan Bank dan Entitas Anak yang memenuhi Subsidiaries Board of Directors and eligible
persyaratan. Beban kompensasi ditentukan employees. Compensation is measured based on
berdasarkan pencapaian target tertentu perusahaan achievement of certain corporate measurements and
dan peringkat kinerja perorangan. Beban untuk tahun individual performance rating. The cost for the
berjalan diakui pada laporan laba rugi komprehensif current year is recognized in the consolidated
konsolidasian. statement of comprehensive income.



ai. Laba bersih per saham ai. Earnings per share
Laba bersih per saham dasar dihitung dengan Basic earnings per share are computed by dividing
membagi laba bersih yang diatribusikan kepada net income attributable to equity holders of parent
pemilik entitas induk dengan rata-rata tertimbang entity with the weighted average number of shares
jumlah saham yang beredar pada tahun berjalan. outstanding during the year.
aj. Beban emisi saham aj. Shares issuance cost
Beban yang terjadi sehubungan dengan Penawaran Cost incurred in relation with Limited Public Offering
Umum Terbatas dengan Hak Memesan Efek Terlebih with Pre-emptive Rights (Rights Issue) is recorded
Dahulu (Rights Issue), dicatat sebagai pengurang as deduction from the additional paid-up capital
tambahan modal disetor, yang merupakan selisih which represents the excess of funds received from
antara nilai yang diterima dari pemegang saham the shareholders over the par value of share.
dengan nilai nominal saham.
ak. Dividen ak. Dividends
Pembagian dividen kepada para pemegang saham Dividend distribution to the Banks shareholders is
Bank diakui sebagai sebuah liabilitas dalam laporan recognized as a liability in the Bank and Subsidiaries
keuangan konsolidasian Bank dan Entitas Anak pada consolidated financial statements in the period in
tahun ketika dividen tersebut disetujui oleh para which the dividends are approved by the Banks and
pemegang saham Bank dan Entitas Anak. Subsidiaries shareholders.
al. Transaksi dengan pihak yang berelasi al. Transactions with related parties
Bank dan Entitas Anak melakukan transaksi dengan The Bank and Subsidiaries enter into transactions
pihak yang berelasi. Dalam laporan keuangan with related parties. In these consolidated financial
konsolidasian ini, istilah pihak yang berelasi mengacu statements, the term related parties are used as
pada ketentuan PSAK No. 7 (Revisi 2010), defined in the PSAK No. 7 (Revised 2010), Related
Pengungkapan Pihak-Pihak yang Berelasi. Party Disclosures.
Jenis transaksi dan saldo dengan pihak yang berelasi, The nature of transactions and balances of accounts
baik yang dilaksanakan dengan ataupun tidak with related parties, whether or not transacted on
dilaksanakan dengan syarat serta kondisi normal normal terms and conditions similar to those with
yang sama untuk pihak yang bukan pihak berelasi, non-related parties are disclosed in the notes to the
diungkapkan dalam catatan atas laporan keuangan consolidated financial statements.
konsolidasian.
am. Implementasi Standar Akuntansi Revisi am. Implementation of Revised Accounting Standard
Bank dan Entitas Anak telah menerapkan PSAK No. The Bank and Subsidiaries implemented SFAS No.
102 (Revisi 2013), Murabahah yang merupakan 102 (Revised 2013), Murabahah, which represents
penyempurnaan dari PSAK No. 102 yang diterbitkan improvement of SFAS No. 102 issued in 2008,
pada tahun 2008 mengenai kriteria transaksi regarding criteria of murabahah transaction which is
murabahah yang dipersyaratkan untuk menggunakan required to apply SFAS No. 50, SFAS No. 55, and
PSAK No. 50, PSAK No. 55, dan PSAK No. 60 SFAS No. 60 in relation with the recognition,
sehubungan dengan pengakuan, pengukuran, measurement, presentation, and disclosure.
penyajian, dan pengungkapannya.
Penerapan PSAK yang disempurnakan tersebut tidak The implementation of the improved SFAS does not
menimbulkan dampak yang signifikan terhadap have significant impact on the consolidated financial
laporan keuangan konsolidasian. statements.


3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGEMENTS
Pengungkapan ini merupakan tambahan atas These disclosures supplement the commentary on
pembahasan tentang manajemen risiko keuangan financial risk management (Note 49).
(Catatan 49).
a. Sumber utama atas ketidakpastian estimasi a. Key sources of estimation uncertainty
a.1. Penyisihan kerugian penurunan nilai aset a.1. Allowances for impairment losses of financial
keuangan assets
Evaluasi atas kerugian penurunan nilai aset Financial assets accounted for at amortized
keuangan yang dicatat pada biaya perolehan cost and debt securities classified as available-
diamortisasi dan efek utang yang diklasifikasikan for-sale are evaluated for impairment on a basis
sebagai tersedia untuk dijual dijelaskan di described in Note 2o.
Catatan 2o.
Penyisihan kerugian penurunan nilai terkait The specific counterparty component of the total
dengan pihak lawan spesifik dalam seluruh allowances for impairment applies to claims
penyisihan kerugian penurunan nilai dibentuk evaluated individually for impairment and is
atas tagihan yang penurunan nilainya dievaluasi based upon managements best estimate of the
secara individual berdasarkan estimasi terbaik present value of the cash flows that are
manajemen atas nilai tunai arus kas yang expected to be received. In calculating
diharapkan akan diterima. Dalam menghitung allowance for impairment losses, management
penyisihan kerugian penurunan nilai, manajemen makes judgements about the counterpartys
membuat pertimbangan mengenai kondisi financial situation and the net realizable value of
keuangan dari pihak lawan dan nilai neto yang any underlying collateral. Each impaired asset is
dapat direalisasi dari agunan yang diterima. assessed on its merits, and the workout
Setiap aset yang mengalami penurunan nilai strategy and estimated cash flows considered
dievaluasi, dan strategi penyelesaiannya serta recoverable are independently approved by the
estimasi arus kas yang dinilai dapat diperoleh credit risk unit.
kembali disetujui secara independen oleh bagian
risiko kredit.
Evaluasi penyisihan kerugian penurunan nilai Collectively assessed impairment allowances

secara kolektif meliputi kerugian kredit yang cover credit losses inherent in portfolios of
melekat pada portofolio tagihan dengan receivables with similar economic
karakteristik ekonomi yang serupa ketika characteristics when there is objective evidence
terdapat bukti obyektif bahwa telah terjadi to suggest that they contain impaired
penurunan nilai tagihan dalam portofolio tersebut, receivables, but the individual impaired items
namun penurunan nilai secara individu belum cannot yet be identified. In assessing the need
dapat diidentifikasi. Dalam menentukan perlunya for collective allowances, management
untuk membentuk penyisihan kerugian considers factors such as credit quality, portfolio
penurunan nilai secara kolektif, manajemen size, credit concentrations, and economic
mempertimbangkan faktor-faktor seperti kualitas factors. In order to estimate the required
kredit, besarnya portofolio, konsentrasi kredit, allowance, assumptions are made to define the
dan faktor-faktor ekonomi. Dalam mengestimasi way inherent losses are modeled and to
penyisihan yang dibutuhkan, asumsi-asumsi determine the required input parameters, based
dibuat untuk menentukan model kerugian on historical experience and current economic
bawaan dan untuk menentukan parameter input conditions.
yang diperlukan, berdasarkan pengalaman
historis dan kondisi ekonomi saat ini.
Ketepatan dari penyisihan ini bergantung pada The accuracy of the allowances depends on
seberapa tepat estimasi arus kas masa depan how well these future cash flows are estimated
untuk menentukan penyisihan individual serta for specific counterparty allowances and the
asumsi model dan parameter yang digunakan model assumptions and parameters used in
dalam penentuan penyisihan kolektif. determining collective allowances.


3. PENGGUNAAN ESTIMASI DAN PERTIMBANGAN 3. USE OF ESTIMATES AND JUDGEMENTS (continued)

(lanjutan)

(lanjutan) (continued)
a.2. Penyisihan kerugian penurunan nilai aset yang a.2. Allowances for impairment losses of non-
bukan aset keuangan financial assets
Evaluasi atas kerugian penurunan nilai aset yang Non-financial assets are evaluated for
bukan aset keuangan dijelaskan di Catatan 2p. impairment on a basis described in Note 2p.
Penurunan nilai muncul saat nilai tercatat aset An impairment exists when the carrying value of
atau Unit Penghasil Kas ("UPK") melebihi nilai an asset or Cash Generating Unit ("CGU")
terpulihnya, yaitu yang lebih besar antara nilai exceeds its recoverable amount, which is the
wajar dikurangi biaya untuk menjual dan nilai higher of its fair value less costs to sell and its
pakainya. Nilai wajar dikurangi biaya untuk value in use. The fair value less costs to sell
menjual didasarkan pada ketersediaan data dari calculation is based on available data from
perjanjian penjualan yang mengikat yang dibuat binding sales transactions in an arm's length
dalam transaksi normal atas aset serupa atau transaction of similar assets or observable
harga pasar yang dapat diamati dikurangi market prices less incremental costs for
dengan biaya tambahan yang dapat diatribusikan disposing the asset.
dengan pelepasan aset.
a.3. Penentuan nilai wajar a.3. Determining fair values
Dalam menentukan nilai wajar atas aset In determining the fair value of financial assets
keuangan dan liabilitas keuangan dimana tidak and financial liabilities for which there is no
terdapat harga pasar yang dapat diobservasi, observable market price, the Bank and
Bank dan Entitas Anak menggunakan teknik Subsidiaries use the valuation techniques as
penilaian seperti dijelaskan pada Catatan 2.e.6. described in Note 2.e.6. For financial
Untuk instrumen keuangan yang jarang instruments that are traded infrequently and
diperdagangkan dan tidak memiliki harga yang have little price transparency, fair value is less
transparan, nilai wajarnya menjadi kurang objective, and requires varying degrees of
obyektif dan karenanya, membutuhkan tingkat judgement depending on liquidity, concentration,
pertimbangan yang beragam, tergantung pada uncertainty of market factors, pricing
likuiditas, konsentrasi, ketidakpastian faktor assumptions, and other risks affecting the
pasar, asumsi penentuan harga, dan risiko specific instrument.
lainnya yang mempengaruhi instrumen tertentu.
a.4. Aset pajak tangguhan a.4. Deferred tax assets
Aset pajak tangguhan diakui atas jumlah pajak Deferred tax assets are recognized for the
penghasilan terpulihkan (recoverable) pada future recoverable taxable income arising from
periode mendatang sebagai akibat perbedaan temporary difference. Management judgement
temporer yang boleh dikurangkan. Justifikasi is required to determine the amount of deferred
manajemen diperlukan untuk menentukan jumlah tax assets that can be recognized, based upon
aset pajak tangguhan yang dapat diakui, sesuai the likely timing on level of future taxable profits,
dengan waktu yang tepat dan tingkat laba fiskal together with future tax planning strategies.
di masa mendatang sejalan dengan strategi
rencana perpajakan ke depan.
a.5. Pensiun a.5. Pension
Program-program pensiun ditentukan Pension programs are determined based on

berdasarkan perhitungan aktuarial. Perhitungan actuarial valuation. The actuarial valuation
aktuarial menggunakan asumsi-asumsi seperti involves assumptions such as discount rate,
tingkat diskonto, tingkat pengembalian aset, expected rate of returns on plan assets, salary
tingkat kenaikan penghasilan, tingkat kematian, increase rate, mortality rate, resignation rate,
tingkat pengunduran diri, dan lain-lain. and others.



(lanjutan)

a.6. Penilaian klaim a.6. Valuation of claims
Estimasi harus digunakan untuk menentukan Estimates have to be made both for the
ekspektasi jumlah seluruh beban klaim yang expected ultimate cost of claims reported at the
dilaporkan pada tanggal pelaporan dan reporting date and for the expected ultimate cost
ekspektasi jumlah seluruh beban klaim yang of claims incurred but not yet reported at the
telah terjadi namun belum dilaporkan pada reporting date (IBNR). It can take a significant
tanggal pelaporan (IBNR). Diperlukan jangka period of time before the ultimate claims cost
waktu yang signifikan sebelum seluruh beban can be determined with certainty. For some type
klaim dapat ditetapkan dengan pasti. Untuk of contracts, IBNR claims form the majority of
beberapa jenis kontrak, klaim IBNR mewakili the insurance liability in the consolidated
bagian signifikan dari jumlah liabilitas asuransi statements of financial position.
dalam laporan posisi keuangan konsolidasian.
Jumlah seluruh beban klaim yang masih dalam The ultimate cost of outstanding claims in
proses diestimasi dengan menggunakan process is estimated by using several methods,
beberapa metode, yang terdiri dari: Chain ladder which include: Chain ladder method on paid
method on paid claims (PCD) and incurred claims (PCD) and incurred claims (ICD),
claims (ICD), Bornhuetter-Ferguson method on Bornhuetter-Ferguson method on paid claims
paid claims (PBF) and incurred claims (IBF), and (PBF) and incurred claims (IBF), and Expected
Expected loss ratio method (ELR). Metode yang loss ratio method (ELR). The method selected is
dipilih adalah metode dengan perhitungan yang the method with the best calculation and also
terbaik dan juga bisa dikombinasi. can be combined.
Asumsi utama yang mendasari metode ini The main assumption underlying this method is
adalah pengalaman pengembangan klaim masa that the Subsidiary's past claims development
lalu Entitas Anak dapat digunakan untuk experience can be used to project future claims
memproyeksikan pengembangan klaim di masa development and hence, ultimate claims costs.
depan dan oleh karenanya, juga dapat Accordingly, this method extrapolates the
memproyeksikan beban klaim secara development of claim paid, outstanding and
keseluruhan. Dengan demikian, metode ini incurred claim losses based on the observed
mengekstrapolasi pengembangan klaim yang development of earlier years and expected loss
dibayar, klaim yang masih dalam proses dan ratios. Historical claims development is mainly
klaim yang telah terjadi berdasarkan analyzed by accident years, as well as by
pengembangan klaim yang diobservasi pada significant business lines and claim types.
tahun-tahun sebelumnya dan ekspektasi rasio
kerugian. Pengembangan klaim historis
umumnya dianalisa berdasarkan tahun terjadinya
kecelakaan/kerugian, juga berdasarkan lini bisnis
yang signifikan dan jenis klaim.



(lanjutan)

a.6. Penilaian klaim (lanjutan) a.6. Valuation of claims (continued)
Asumsi-asumsi yang digunakan adalah yang The assumptions used are those implicit in the
secara implisit melekat dalam data historical claims development data on which the
pengembangan klaim historis yang mendasari projections are based. Additional qualitative
proyeksi yang dibentuk. Tambahan judgment is used to assess the extent to which
pertimbangan kualitatif juga digunakan untuk past trends may not apply in the future (for
menilai sejauh mana tren masa Ialu tidak dapat example to reflect one-off occurrences and
diterapkan di masa depan (sebagai contoh untuk claims handling procedures) in order to arrive at
mencerminkan kejadian yang bersifat tidak rutin the estimated ultimate cost of claims that
dan prosedur penanganan klaim) untuk present the likely outcome from the range of
memperoleh estimasi seluruh beban klaim yang possible outcomes, taking into account all the
menyajikan hasil yang paling memungkinkan dari uncertainties involved.
kisaran beban klaim yang mungkin terjadi,
dengan mempertimbangkan semua
ketidakpastian yang terlibat didalamnya.
a.7. Tes kecukupan liabilitas a.7. Liability adequacy test
Sebagaimana diungkapkan dalam Catatan 2.z.iv, As disclosed in Note 2.z.iv, the Subsidiary
Entitas Anak melakukan tes kecukupan liabilitas assesses the adequacy of its insurance liabilities
asuransi dengan mengestimasi nilai kini estimasi by estimating present value of estimated claims
klaim yang akan dibayarkan di masa depan to be paid in the future plus present value of
ditambah dengan nilai kini beban yang akan estimated expenses that will be incurred in the
dikeluarkan di masa depan. future.
Beberapa asumsi harus digunakan dalam Several assumptions must be used to determine
menentukan nilai kini tersebut. Asumsi-asumsi the present value amounts. Those assumptions
tersebut antara lain estimasi tingkat diskonto, are estimated discount rate, estimated future
estimasi klaim yang akan terjadi, estimasi terbaik, claims, best estimates, and margin for adverse
dan marjin atas kesalahan pengukuran. deviation.



(lanjutan)
b. Pertimbangan akuntansi yang penting dalam b. Critical accounting judgements in applying the
menerapkan kebijakan akuntansi Bank dan Bank and Subsidiaries accounting policies
Entitas Anak
Pertimbangan akuntansi yang penting dalam Critical accounting judgements made in applying the
menerapkan kebijakan akuntansi Bank dan Entitas Bank and Subsidiaries accounting policies include:
Anak meliputi:
b.1. Usaha yang berkelanjutan b.1. Going concern
Manajemen Bank dan Entitas Anak telah The Banks and Subsidiaries managements
melakukan penilaian atas kemampuan Bank dan have made an assessment of the Banks and
Entitas Anak untuk melanjutkan kelangsungan Subsidiaries ability to continue as a going
usahanya dan berkeyakinan bahwa Bank dan concern and are satisfied that the Bank and
Entitas Anak memiliki sumber daya untuk Subsidiaries have the resources to continue in
melanjutkan usahanya di masa mendatang. business for the foreseeable future.
Selain itu, manajemen tidak mengetahui adanya Furthermore, the management is not aware of
ketidakpastian material yang dapat menimbulkan any material uncertainties that may cast
keraguan yang signifikan terhadap kemampuan significant doubt upon the Banks and
Bank dan Entitas Anak untuk mempertahankan Subsidiaries ability to continue as a going
kelangsungan hidupnya. Oleh karena itu, laporan concern. Therefore, the consolidated financial
keuangan konsolidasian telah disusun atas statements continue to be prepared on the
dasar usaha yang berkelanjutan. going concern basis.
b.2. Penilaian instrumen keuangan b.2. Valuation of financial instruments
Kebijakan akuntansi Bank dan Entitas Anak The Bank and Subsidiaries accounting policy
untuk pengukuran nilai wajar diungkapkan di on fair value measurements is disclosed in Note
Catatan 2.e.6. 2.e.6.
Bank dan Entitas Anak mengukur nilai wajar The Bank and Subsidiaries measure fair values
dengan menggunakan hirarki dari metode using the following hierarchy of methods:
berikut:
Harga kuotasi di pasar aktif untuk instrumen Quoted market price in an active market for
keuangan yang identik. an identical instrument.
Teknik penilaian berdasarkan input yang Valuation techniques based on observable

dapat diobservasi. Termasuk dalam kategori inputs. This category includes instruments
ini adalah instrumen keuangan yang dinilai valued using quoted market prices in active
dengan menggunakan harga kuotasi di markets for similar instruments; quoted
pasar aktif untuk instrumen yang sejenis; prices for similar instruments in markets
harga kuotasi untuk instrumen keuangan that are considered less than active; or
yang sejenis di pasar yang kurang aktif; atau other valuation techniques where all
teknik penilaian lainnya dimana seluruh significant inputs are directly or indirectly
input signifikan yang digunakan dapat observable from market data.
diobservasi secara langsung ataupun tidak
langsung dari data yang tersedia di pasar.



(lanjutan)
Entitas Anak (lanjutan) (continued)
b.2. Penilaian instrumen keuangan (lanjutan) b.2. Valuation of financial instruments (continued)
Nilai wajar dari aset keuangan dan liabilitas Fair values of financial assets and financial
keuangan yang diperdagangkan di pasar aktif liabilities that are traded in active markets are
didasarkan pada kuotasi harga pasar atau based on quoted market prices or dealer price
kuotasi dari harga dealer. Untuk seluruh quotations. For all other financial instruments,
instrumen keuangan lainnya, Bank dan Entitas the Bank and Subsidiaries determine fair values
Anak menentukan nilai wajar dengan using valuation techniques. Valuation
menggunakan teknik penilaian. Teknik penilaian techniques include net present value and
termasuk model nilai tunai dan arus kas yang discounted cash flow models, and comparison
didiskontokan, dan perbandingan dengan to similar instruments for which market
instrumen yang sejenis dimana terdapat harga observable prices exist. Assumptions and inputs
pasar yang dapat diobservasi. Asumsi dan input used in valuation techniques include risk-free
yang digunakan dalam teknik penilaian termasuk and benchmark interest rates, credit spreads
suku bunga bebas risiko (risk-free) dan suku and other variable used in estimating discount
bunga acuan, credit spread dan variabel lainnya rates, bond prices, foreign currency exchange
yang digunakan dalam mengestimasi tingkat rates, and expected price volatilities and
diskonto, harga obligasi, kurs mata uang asing, correlations.
serta tingkat kerentanan dan korelasi harga yang
diharapkan.
Tujuan dari teknik penilaian adalah penentuan The objective of valuation techniques is to arrive
nilai wajar yang mencerminkan harga dari at a fair value determination that reflects the
instrumen keuangan pada tanggal pelaporan price of the financial instrument at the reporting
yang akan ditentukan oleh para partisipan di date that would have been determined by
pasar dalam suatu transaksi yang wajar. market participants acting at arms length.
b.3. Klasifikasi aset dan liabilitas keuangan b.3. Financial asset and liability classification
Kebijakan akuntansi Bank dan Entitas Anak The Bank and Subsidiaries accounting policies
memberikan kriteria untuk menetapkan aset dan provide criteria for assets and liabilities to be
liabilitas keuangan ke dalam berbagai kategori designated on inception into different
pada saat pengakuan awal sesuai dengan accounting categories in certain circumstances:
standar akuntansi yang berlaku berdasarkan
kondisi tertentu:
Dalam mengklasifikasikan aset keuangan In classifying financial assets as

ke dalam kelompok diperdagangkan, trading, the Bank and Subsidiaries
Bank dan Entitas Anak telah menetapkan have determined that those assets meet
bahwa aset tersebut sesuai dengan the definition of trading assets set out in
definisi aset dalam kelompok Note 2.e.1.
diperdagangkan yang dijabarkan di
Catatan 2.e.1.



(lanjutan)
Entitas Anak (lanjutan) (continued)
b.3. Klasifikasi aset dan liabilitas keuangan (lanjutan) b.3. Financial asset and liability classification
(continued)
Dalam mengklasifikasikan aset keuangan In classifying financial assets as

ke dalam kelompok tersedia untuk dijual, available-for-sale, the Bank and
Bank dan Entitas Anak telah menetapkan Subsidiaries have determined that these
bahwa aset tersebut sesuai dengan assets meet the definition of available-
definisi aset dalam kelompok tersedia for-sale assets set out in Note 2.e.1.
untuk dijual di Catatan 2.e.1.
Dalam mengklasifikasikan aset keuangan In classifying financial assets as held-to-

sebagai dimiliki hingga jatuh tempo, maturity, the Bank and Subsidiaries
Bank dan Entitas Anak telah menetapkan have determined that the Bank and
bahwa Bank dan Entitas Anak memiliki Subsidiaries have both the positive
intensi positif dan kemampuan untuk intention and ability to hold the assets
memiliki aset keuangan tersebut hingga until their maturity date as required (Note
tanggal jatuh tempo seperti yang 2.e.1).
dipersyaratkan (Catatan 2.e.1).
4. KAS 4. CASH
Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in Note
Catatan 49d. 49d.
2014 2013
Rupiah 2.694.150 2.823.419 Rupiah

Mata uang asing 162.092 120.490 Foreign currencies
2.856.242 2.943.909
Saldo dalam mata uang Rupiah termasuk uang pada The Rupiah balance includes cash in ATMs (Automated
mesin ATM (Anjungan Tunai Mandiri) sejumlah Rp323.735 Teller Machines) amounting to Rp323,735 as of
pada tanggal 31 Desember 2014 (2013: Rp322.310). 31 December 2014 (2013: Rp322,310).
Kas dalam mata uang asing terdiri dari Dolar Amerika Cash in foreign currencies is denominated in United
Serikat, Dolar Singapura, Dolar Australia, Euro Eropa, dan States Dollar, Singapore Dollar, Australian Dollar,
Yen Jepang (Catatan 54). European Euro, and Japanese Yen (Note 54).
Informasi mengenai klasifikasi dan nilai wajar Information with regard to the classification and fair value
kas diungkapkan pada Catatan 50. of cash is disclosed in Note 50.


5. GIRO PADA BANK INDONESIA 5. CURRENT ACCOUNTS WITH BANK INDONESIA
Catatan 49d. 49d.
2014 2013
Rupiah 7.248.274 6.742.983 Rupiah

Dolar Amerika Serikat
(Catatan 54) 3.020.083 2.518.339 United States Dollar (Note 54)
10.268.357 9.261.322
Sesuai PBI No. 15/15/PBI/2013 tanggal 24 Desember In line with BI regulation No. 15/15/PBI/2013 dated
2013 tentang Giro Wajib Minimum (GWM) Bank Umum 24 December 2013 regarding Giro Wajib Minimum
pada Bank Indonesia dalam Rupiah dan Valuta Asing Bagi (GWM) of Commercial Banks in Bank Indonesia in
Bank Umum Konvensional, mulai tanggal Rupiah and Foreign Currency For Conventional Bank,
31 Desember 2013, GWM Primer dalam mata uang starting 31 December 2013, Primary GWM for Rupiah
Rupiah ditetapkan sebesar 8% dari dana pihak ketiga Currency is set at 8% from total third party funds in
dalam Rupiah dan GWM Sekunder sebesar 4% dari dana Rupiah and Secondary GWM is set at 4% from total third
pihak ketiga dalam Rupiah. Selain itu, Bank juga memiliki party funds in Rupiah. The Bank also has an obligation to
kewajiban pemenuhan GWM LDR (Loan to Deposit Ratio) fulfill GWM LDR (Loan to Deposit Ratio) in Rupiah with
dalam Rupiah dengan batas atas dan batas bawah upper and lower limit set at 92% and 78%, respectively,
masing-masing sebesar 92% dan 78% dengan KPMM with CAR incentive at 14%. GWM in foreign currency is
insentif sebesar 14%. GWM dalam valuta asing ditetapkan set at 8% from total third party funds in foreign currency.
sebesar 8% dari dana pihak ketiga dalam valuta asing.
Pada tanggal-tanggal 31 Desember 2014 dan 2013, GWM As of 31 December 2014 and 2013, GWM of the Bank
Bank masing-masing sebesar 19,71% dan 18,18% untuk were 19.71% and 18.18% for Rupiah currency, and
mata uang Rupiah serta sebesar 8,13% dan 8,49% untuk 8.13% and 8.49% for foreign currency, respectively.
mata uang asing.
GWM Bank dalam Rupiah pada tanggal-tanggal The GWM of the Bank in Rupiah as of 31 December
31 Desember 2014 dan 2013 sebesar 19,71% dan 2014 and 2013 was 19.71% and 18.18% which consists
18,18% terdiri dari GWM Primer sebesar 8,07% dan of Primary GWM of 8.07% and 8.12% through Rupiah
8,12% dengan menggunakan saldo rekening giro Rupiah current accounts with BI and Secondary GWM of 11.64%
pada BI dan GWM Sekunder masing-masing sebesar and 10.06% through SBI and Government Bonds,
11,64% dan 10,06% dengan menggunakan SBI dan respectively.
Obligasi Pemerintah.
Bank telah memenuhi ketentuan BI yang berlaku tentang The Bank has fulfilled BIs regulation regarding Statutory
Giro Wajib Minimum Bank Umum. Reserve Requirement on Commercial Banks.
Informasi mengenai klasifikasi dan nilai wajar giro pada Information with regard to the classification and fair value
Bank Indonesia diungkapkan pada Catatan 50. of current accounts with Bank Indonesia is disclosed in
Note 50.


6. GIRO PADA BANK LAIN 6. CURRENT ACCOUNTS WITH OTHER BANKS
Giro pada bank lain yang merupakan pihak berelasi Current accounts with other banks which are related
diungkapkan pada Catatan 46. Informasi mengenai jatuh parties are disclosed in Note 46. Information in respect of
tempo diungkapkan pada Catatan 49d. maturities is disclosed in Note 49d.
a. Berdasarkan mata uang a. By currency
2014 2013
Rupiah 338.272 284.790 Rupiah

Mata uang asing 4.522.330 5.053.191 Foreign currencies
4.860.602 5.337.981
Dikurangi: Less:
Penyisihan kerugian penurunan nilai (2.700) (3.017) Allowance for impairment losses
4.857.902 5.334.964
Terdiri dari: Consist of:
- Pihak berelasi 285.945 505.178 Related parties -
- Pihak ketiga 4.571.957 4.829.786 Third parties -
4.857.902 5.334.964
Suku bunga efektif rata-rata tertimbang per tahun The weighted average effective interest rate per
untuk tahun yang berakhir pada tanggal 31 Desember annum for the year ended 31 December 2014 was
2014 adalah 0,80% untuk Rupiah dan 0,17% untuk 0.80% for Rupiah and 0.17% for foreign currencies
mata uang asing (2013: 0,88% dan 0,16%). (2013: 0.88% and 0.16%).
Giro pada bank lain dalam mata uang asing terutama Current accounts with other banks in foreign
terdiri dari Dolar Amerika Serikat, Dolar Australia, currencies are mainly denominated in United States
Dolar Hong Kong, Dolar Singapura, Euro Eropa, Dollar, Australian Dollar, Hong Kong Dollar,
Poundsterling Inggris, dan Yen Jepang (Catatan 54). Singapore Dollar, European Euro, Great Britain
Poundsterling, and Japanese Yen (Note 54).
b. Berdasarkan kolektibilitas BI b. By BI collectibility
Berdasarkan ketentuan BI yang berlaku, semua giro Based on the prevailing BI regulation, all current
pada bank lain pada tanggal-tanggal 31 Desember accounts with other banks as of 31 December 2014
2014 dan 2013 digolongkan lancar. and 2013 were classified as current.
c. Perubahan penyisihan kerugian penurunan nilai c. Movements of allowance for impairment losses
2014 2013
Saldo awal 3.017 - Beginning balance

(Pengurangan)/penambahan (Reversal)/addition during
selama tahun berjalan (568) 2.764 the year
Selisih kurs 251 253 Exchange rate difference
Saldo akhir 2.700 3.017 Ending balance
Manajemen berpendapat bahwa jumlah penyisihan Management believes that the allowance for
kerugian penurunan nilai atas giro pada bank lain impairment losses on current accounts with other
telah memadai. banks is adequate.
Informasi mengenai klasifikasi dan nilai wajar giro pada Information with regard to the classification and fair value
bank lain diungkapkan pada Catatan 50. of current accounts with other banks is disclosed in
Note 50.


7. PENEMPATAN PADA BANK LAIN DAN BANK 7. PLACEMENTS WITH OTHER BANKS AND BANK
INDONESIA INDONESIA
Penempatan pada bank lain yang merupakan pihak Placements with other banks which are related parties
berelasi diungkapkan pada Catatan 46. Informasi are disclosed in Note 46. Information in respect of
mengenai jatuh tempo diungkapkan pada Catatan 49d. maturities is disclosed in Note 49d.
a. Berdasarkan jenis dan mata uang a. By type and currency
2014 2013
Rupiah Rupiah
Penempatan pada Bank Placements with Bank
Indonesia Indonesia
Sertifikat Bank Indonesia Syariah 206.000 - Certificate of Bank Indonesia Sharia
Fasilitas simpanan Deposit facility of
Bank Indonesia (FASBI) - 2.911.615 Bank Indonesia (FASBI)
206.000 2.911.615
Penempatan pada Bank Lain Placements with Other Banks
Call money Call money
PT Bank Sumitomo Mitsui 250.000 - PT Bank Sumitomo Mitsui
PT Bank Pembangunan Daerah Riau 150.000 75.000 PT Bank Pembangunan Daerah Riau
JPMorgan Chase Bank, JPMorgan Chase Bank,
Cabang Jakarta 100.000 - Jakarta Branch
PT Bank Mega Tbk 50.000 - PT Bank Mega Tbk
PT Bank Pan Indonesia Tbk - 300.000 PT Bank Pan Indonesia Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Jawa Barat dan Banten - 150.000 Jawa Barat dan Banten
PT Bank Rabobank International PT Bank Rabobank International
Indonesia - 100.000 Indonesia
Standard Chartered Bank, Standard Chartered Bank,
Cabang Jakarta - 100.000 Jakarta Branch
Bank of Tokyo-Mitsubishi UFJ Ltd., Bank of Tokyo-Mitsubishi UFJ Ltd.,
Cabang Indonesia - 100.000 Indonesia Branch
PT Bank Hana - 25.000 PT Bank Hana
550.000 850.000
Sertifikat deposito Certificates of deposits
PT Bank Commonwealth 211.057 - PT Bank Commonwealth
PT Bank KEB Hana Indonesia 185.437 - PT Bank KEB Hana Indonesia
PT Bank Rakyat Indonesia PT Bank Rakyat Indonesia
(Persero) Tbk 97.063 - (Persero) Tbk
PT Bank Internasional Indonesia Tbk 78.398 - PT Bank Internasional Indonesia Tbk
571.955 -
Deposito berjangka Time deposits
(Persero) Tbk 411.000 - (Persero) Tbk
PT Bank Tabungan Pensiunan PT Bank Tabungan Pensiunan
Nasional Tbk 398.800 149.800 Nasional Tbk
PT Bank CIMB Niaga Tbk 350.000 363.250 PT Bank CIMB Niaga Tbk
PT Bank UOB Buana Tbk 218.100 228.100 PT Bank UOB Buana Tbk
PT Bank Internasional Indonesia Tbk 150.000 205.000 PT Bank Internasional Indonesia Tbk
PT Bank Pembangunan Daerah Jawa PT Bank Pembangunan Daerah Jawa
Barat dan Banten Tbk 150.000 47.500 Barat dan Banten Tbk
PT Bank Jabar Banten Syariah 117.000 99.750 PT Bank Jabar Banten Syariah
PT Bank Mandiri (Persero) Tbk 66.750 11.100 PT Bank Mandiri (Persero) Tbk
PT Bank Muamalat Indonesia Tbk 54.000 44.700 PT Bank Muamalat Indonesia Tbk
PT Bank Bukopin Tbk 50.000 65.750 PT Bank Bukopin Tbk
PT Bank Syariah Mandiri 43.700 111.800 PT Bank Syariah Mandiri
PT Bank Panin Syariah Tbk 30.000 20.000 PT Bank Panin Syariah Tbk
PT Bank Nusantara Parahyangan Tbk 28.000 23.000 PT Bank Nusantara Parahyangan Tbk
PT Bank Permata Tbk 21.000 61.150 PT Bank Permata Tbk
PT Bank OCBC NISP Tbk 20.000 5.000 PT Bank OCBC NISP Tbk
PT Bank Syariah Bukopin 19.500 19.500 PT Bank Syariah Bukopin
PT Bank Negara Indonesia (Persero) Tbk 15.000 8.000 PT Bank Negara Indonesia (Persero) Tbk
PT BRI Syariah 13.875 173.125 PT BRI Syariah
PT Bank Ekonomi Raharja Tbk 3.000 4.500 PT Bank Ekonomi Raharja Tbk
PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah
Kalimantan Timur 2.500 2.500 Kalimantan Timur

INDONESIA (lanjutan) INDONESIA (continued)
a. Berdasarkan jenis dan mata uang (lanjutan) a. By type and currency (continued)
2014 2013
Rupiah (lanjutan) Rupiah (continued)
Deposito berjangka (lanjutan) Time deposits (continued)
PT Bank BNI Syariah 2.250 2.350 PT Bank BNI Syariah
PT Bank QNB Kesawan Tbk 2.000 2.000 PT Bank QNB Kesawan Tbk
PT Bank Windu Kentjana PT Bank Windu Kentjana
International Tbk 2.000 2.000 International Tbk
PT Bank Victoria Syariah 2.000 - PT Bank Victoria Syariah
PT Bank Central Asia Tbk 2.000 2.000 PT Bank Central Asia Tbk
PT BPR Eka Bumi Artha 100 100 PT BPR Eka Bumi Artha
PT Bank Tabungan Negara (Persero) Tbk - 100.000 PT Bank Tabungan Negara (Persero) Tbk
PT Bank Mega Tbk - 50.000 PT Bank Mega Tbk
PT Bank DBS Indonesia - 3.500 PT Bank DBS Indonesia
PT Bank Rabobank PT Bank Rabobank
International Indonesia - 2.000 International Indonesia
2.172.575 1.807.475
3.500.530 5.569.090
Mata uang asing Foreign currencies
Penempatan pada Bank Placements with Bank
Indonesia Indonesia
Fasilitas Simpanan Bank Indonesia Deposit facility of
(FASBI) 2.910.475 730.200 Bank Indonesia (FASBI)

Call money Call money
(Persero) Tbk 284.855 243.400 (Persero) Tbk
PT Bank Pan Indonesia Tbk 235.315 85.190 PT Bank Pan Indonesia Tbk
PT Bank Chinatrust Indonesia 235.315 - PT Bank Chinatrust Indonesia
PT Bank Internasional Indonesia Tbk 198.160 - PT Bank Internasional Indonesia Tbk
PT Bank Mizuho Indonesia 198.160 182.550 PT Bank Mizuho Indonesia
PT Bank KEB Hana Indonesia 123.850 - PT Bank KEB Hana Indonesia
PT Bank ANZ Indonesia 123.850 - PT Bank ANZ Indonesia
PT Bank Commonwealth 99.080 - PT Bank Commonwealth
PT Bank BNP Paribas Indonesia 99.080 - PT Bank BNP Paribas Indonesia
National Australia Bank, Singapura 91.334 238.824 National Australia Bank, Singapore
Wells Fargo, Hong Kong 91.334 130.268 Wells Fargo, Hong Kong
Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Banking Corporation,
Singapura 71.038 - Singapore
The Royal Bank of Scotland N.V., The Royal Bank of Scotland N.V.,
Cabang Jakarta 61.925 146.040 Jakarta Branch
Natexis, Singapura 60.890 75.990 Natexis, Singapore
ING Bank INV, Singapura 60.890 - ING Bank INV, Singapore
2.282.776 1.102.262
Sertifikat deposito Certificates of deposits
Bank of China Ltd., Hong Kong 247.111 - Bank of China Ltd., Hong Kong
The Bank of East Asia Ltd. 247.040 - The Bank of East Asia Ltd.
Bank SinoPac, Hong Kong 123.634 - Bank SinoPac, Hong Kong
ICBC (Asia) Ltd. 123.495 - ICBC (Asia) Ltd.
Agricultural Bank of China Ltd. 122.493 - Agricultural Bank of China Ltd.
China Merchant Bank Co., Ltd. 122.284 - China Merchants Bank Co., Ltd.
986.057 -
6.179.308 1.832.462
9.679.838 7.401.552
Dikurangi: Less:
9.674.875 7.399.600


INDONESIA (lanjutan) INDONESIA (continued)
2014 2013
9.674.875 7.399.600
mata uang asing (2013: masing-masing 4,84% dan (2013: 4.84% and 1.03%, respectively).
1,03%).
Penempatan pada bank lain dan Bank Indonesia Placements with other banks and Bank Indonesia in
dalam mata uang asing terdiri dari Dolar Amerika foreign currencies are denominated in United States
Serikat dan Dolar Australia (Catatan 54). Dollar and Australian Dollar (Note 54).
Berdasarkan ketentuan BI yang berlaku, seluruh Based on the prevailing BI Regulation, all
penempatan pada bank lain dan Bank Indonesia pada placements with other banks and Bank Indonesia as
tanggal-tanggal 31 Desember 2014 dan 2013 of 31 December 2014 and 2013 were classified as
digolongkan sebagai lancar. current.
c. Perubahan penyisihan kerugian penurunan nilai c. Movements of allowance for impairment losses
2014 2013
Saldo awal 1.952 - Beginning balance

Kerugian penurunan nilai
selama tahun berjalan 2.871 1.814 Impairment loss during the year
Selisih kurs 140 138 Exchange rate difference
kerugian penurunan nilai atas penempatan pada bank impairment losses on placements with other banks is
lain telah memadai. adequate.
Informasi mengenai klasifikasi dan nilai wajar Information with regard to the classification and fair
penempatan pada bank lain dan Bank value of placements with other banks and Bank
Indonesia diungkapkan pada Catatan 50. Indonesia is disclosed in Note 50.


8. EFEK-EFEK 8. MARKETABLE SECURITIES
Efek-efek dari pihak berelasi diungkapkan pada Marketable securities from related parties are disclosed in
Catatan 46. Informasi mengenai jatuh tempo diungkapkan Note 46. Information in respect of maturities is disclosed
pada Catatan 49d. in Note 49d.
2014 2013
Nilai nominal/ Nilai nominal/
Nominal Nilai tercatat/ Nominal value Nilai tercatat/
value Carrying value Carrying value
Dimiliki hingga jatuh tempo
(harga perolehan, setelah Held-to-maturity
premi/diskonto yang belum (cost, net of unamortized
diamortisasi): premium/discount):
Rupiah Rupiah
- Obligasi korporasi,
setelah dikurangi diskonto Corporate bonds, -
yang belum diamortisasi net of unamortized
sebesar RpNihil discount of RpNil
pada tanggal 31 Desember as of 31 December
2014 (2013: RpNihil) 79.000 79.000 79.000 79.000 2014 (2013: RpNil)
- Obligasi korporasi - Syariah 95.000 95.000 95.000 95.000 Corporate bonds - Sharia -
- Efek utang lainnya - - 38.333 38.333 Other debt securities -
- Surat berharga lainnya 57.412 57.412 100.097 100.097 Other marketable securities -
231.412 231.412 312.430 312.430

- Wesel ekspor 54.308 54.308 59.768 59.768 Trading export bills -
- Surat berharga lainnya 3.626 3.626 28.621 28.621 Other marketable securities -
57.934 57.934 88.389 88.389

Jumlah dimiliki hingga
jatuh tempo 289.346 289.346 400.819 400.819 Total held-to-maturity
Tersedia untuk dijual (nilai Available-for-sale

wajar): (fair value):
Rupiah Rupiah
- Sertifikat Bank Indonesia,
setelah dikurangi
diskonto yang belum Certificates of Bank Indonesia,
diamortisasi sebesar net of unamortized discount
Rp89.966 pada tanggal of Rp89,966 as of
(2013: Rp105.543) 3.333.947 3.246.868 4.350.000 4.238.750 (2013: Rp105,543)
- Obligasi korporasi 2.892.460 2.874.245 2.467.160 2.426.252 Corporate bonds -
- Efek utang lainnya 584.384 580.958 523.902 520.838 Other debt securities -
- Unit penyertaan reksadana 81.406 87.405 25.000 24.025 Mutual fund unit -
- Sertifikat deposito
Bank Indonesia, setelah Certificates of deposit -
dikurangi diskonto yang Bank Indonesia, net of
belum diamortisasi sebesar unamortized discount of
Rp28.413 pada tanggal Rp28,413 as of
(2013: RpNihil) 1.500.000 1.472.071 - - ( 2013: RpNil)
8.392.197 8.261.547 7.366.062 7.209.865


8. EFEK-EFEK (lanjutan) 8. MARKETABLE SECURITIES (continued)
2014 2013
Nilai nominal/ Nilai tercatat/ Nilai nominal/ Nilai tercatat/
Nominal value Carrying value Nominal value Carrying value

- Obligasi korporasi 340.588 358.655 133.870 137.554 Corporate bonds -
Jumlah tersedia untuk dijual 8.732.785 8.620.202 7.499.932 7.347.419 Total available-for-sale
Total marketable
Jumlah efek-efek 9.022.131 8.909.548 7.900.751 7.748.238 securities
Dikurangi: Less:
Penyisihan kerugian Allowance for impairment
penurunan nilai (21.442) (21.122) losses
Total marketable
Jumlah efek-efek-neto 8.888.106 7.727.116 securities-net
Efek-efek dalam mata uang asing terdiri dari Dolar Marketable securities in foreign currencies are
Amerika Serikat dan Yen Jepang (Catatan 54). denominated in United States Dollar and Japanese
Yen (Note 54).
Wesel ekspor tidak terdaftar di bursa efek. The trading export bills are not listed at a stock
exchange.
Informasi mengenai klasifikasi dan nilai wajar efek- Information with regard to the classification and fair
efek diungkapkan pada Catatan 50. value of marketable securities is disclosed in
Note 50.
Selama tahun yang berakhir pada tanggal 31 During the year ended 31 December 2014,
Desember 2014, keuntungan neto yang belum unrealized net gains arising from the increase in fair
direalisasi atas kenaikan nilai wajar efek-efek dalam value of marketable securities classified as trading
klasifikasi diperdagangkan diakui sebagai keuntungan was recorded as gain in the consolidated statement
dalam laporan laba rugi komprehensif konsolidasian of comprehensive income amounting to RpNil (2013:
sebesar RpNihil (2013: Rp71). Rp71).
Bank dan Entitas Anak mengakui keuntungan neto The Bank and a Subsidiary recognized net gains
atas penjualan efek-efek sejumlah Rp1.846 selama from the sale of marketable securities amounting to
tahun yang berakhir pada tanggal 31 Desember 2014 Rp1,846 for the year ended 31 December 2014
(2013: Rp7.691). (2013: Rp7,691).


b. Berdasarkan penerbit b. By issuer
2014 2013
Bank Indonesia 4.718.939 4.238.750 Bank Indonesia
Bank-bank 1.153.875 1.122.555 Banks
Korporasi 3.036.734 2.386.933 Corporates
8.909.548 7.748.238
Dikurangi: Less:
Penyisihan kerugian penurunan
nilai (21.442) (21.122) Allowance for impairment losses
8.888.106 7.727.116
c. Berdasarkan kolektibilitas BI c. By BI collectibility
Berdasarkan ketentuan Bank Indonesia yang berlaku, Based on prevailing Bank Indonesia regulation,
efek-efek (sebelum penyisihan kerugian penurunan marketable securities (before allowance for
nilai) digolongkan sebagai berikut: impairment losses) were classified as follows:
2014 2013
Lancar 8.889.548 7.728.238 Current
Macet 20.000 20.000 Loss
8.909.548 7.748.238
d. Berdasarkan peringkat d. By rating

2014 2013
Nilai
Nilai tercatat/
Nilai tercatat/ Nilai Nilai wajar/
nominal/ Nilai wajar/ nominal/ Carrying
Nominal Carrying value/ Pemeringkat/ Peringkat/ Nominal value/ Pemeringkat/ Peringkat/
value Fair value Rated by Rating value Fair value Rated by Rating
Dimiliki hingga jatuh tempo/
Held-to-maturity
Rupiah/Rupiah
Obligasi Syariah Ijarah PLN I 20.000 20.000 Pefindo idAAA 20.000 20.000 Pefindo idAA+
Obligasi PT PLN XII Seri A 4.000 4.000 Pefindo idAAA 4.000 4.000 Pefindo idAA+
Obligasi Syariah Ijarah PT Berlian
Laju Tanker 20.000 20.000 Pefindo idD 20.000 20.000 Pefindo idD
Obligasi PT Telekomunikasi
Indonesia 2A 15.000 15.000 Pefindo idAAA 15.000 15.000 Pefindo idAAA
Sukuk Ijarah PT Titan
Petrokimia Nusantara I 25.000 25.000 Fitch A+ 25.000 25.000 Fitch A+
Obligasi Syariah Ijarah PLN II 30.000 30.000 Pefindo idAAA 30.000 30.000 Pefindo idAA+
Obligasi Bank Internasional Indonesia,
Bond I Seri B 50.000 50.000 Pefindo idAAA 50.000 50.000 Pefindo idAA+
Obligasi Antam I Tahun 2011 Seri A 10.000 10.000 Pefindo idA 10.000 10.000 Pefindo idAA
Medium Term Notes
Mandala Multifinance - - - - 38.333 38.333 Pefindo idA
Tidak Tidak
diperingkat/ diperingkat/
Wesel SKBDN/SKBDN Bills 7.524 7.524 N/A Not rated 31.462 31.462 N/A Not rated
Tidak Tidak
Wesel lainnya/Other Bills 49.888 49.888 N/A Not rated 68.635 68.635 N/A Not rated
231.412 231.412 312.430 312.430


d. Berdasarkan peringkat (lanjutan) d. By rating (continued)
2014 2013
Nilai Nilai tercatat/
Dimiliki hingga jatuh tempo/
Held-to-maturity
(lanjutan/continued):
Mata uang asing/Foreign currencies
Tidak Tidak
Wesel Ekspor/Trading Export Bills 54.308 54.308 N/A Not rated 59.768 59.768 N/A Not rated
Tidak Tidak
Wesel SKBDN/SKBDN Bills 3.626 3.626 N/A Not rated 26.642 26.642 N/A Not rated
Tidak
diperingkat/
Wesel lainnya/Other Bills - - - - 1.979 1.979 N/A Not rated
57.934 57.934 88.389 88.389

Jumlah-dimiliki hingga jatuh tempo/
Total-held-to-maturity 289.346 289.346 400.819 400.819
Tersedia untuk dijual/Available-for-sale:

Rupiah/Rupiah
Bond I Seri A Tahun 2011 - - - - 20.000 19.861 Pefindo idAAA
Bond I Seri B Tahun 2011 46.000 45.721 Pefindo idAAA 46.000 45.429 Pefindo idAAA
Persero Telekomunikasi Indonesia,
Bond II Seri A Tahun 2010 84.760 85.169 Pefindo idAAA 84.760 85.569 Pefindo idAAA
Obligasi Berkelanjutan I Bank BII
Tahap II Tahun 2012 Seri A 105.000 103.880 Pefindo idAAA 105.000 102.151 Pefindo idAAA
Obligasi Bank Panin III Tahun 2009 - - - - 61.200 61.740 Pefindo idAA
Obligasi Bank Panin I Tahun 2012 95.000 90.749 Pefindo idAA 95.000 87.953 Pefindo idAA
Obligasi Perusahaan Listrik
Negara VIII Seri A Tahun 2006 51.000 54.081 Pefindo idAAA 51.000 55.012 Pefindo idAAA
Negara XII Seri A Tahun 2010 37.000 37.320 Pefindo idAAA 37.000 37.315 Pefindo idAAA
Negara X Seri A Tahun 2006 - - - - 14.000 14.025 Pefindo idAAA
Obligasi Subordinasi Berkelanjutan I
Bank BII Tahap II Tahun 2012 14.000 13.361 Fitch AA(idn) - - - -
MTN Bank Rakyat Indonesia Tahun 2014 60.000 59.721 Fitch AAA - - - -
Obligasi Berkelanjutan I SAN Finance tahap II
Tahun 2014 20.000 20.200 Pefindo idAA- - - - -
Obligasi Berkelanjutan I Bank CIMB Niaga
Tahap II Tahun 2013 seri A 20.000 19.956 Pefindo idAAA - - - -
Obligasi Sub Berkelanjutan II Bank Permata
Tahap II Tahun 2014 20.000 20.162 Pefindo idAA - - - -
Negara VII Seri A Tahun 2004 - - - - 6.000 6.149 Pefindo idAAA
Obligasi Bank BTN XII Tahun 2006 7.000 7.326 Pefindo idAA 7.000 7.426 Pefindo idAA
Obligasi Bank BTN XIII Seri C
Tahun 2009 - - - - 1.000 1.015 Pefindo idAA
Obligasi Berkelanjutan Indonesia Exim Bank I
Tahun 2010 Seri C 48.000 48.233 Pefindo idAAA 48.000 48.341 Pefindo idAAA
Obligasi Bank Exim Seri 3A
Tahun 2014 - - - - 100.000 99.158 Pefindo idAAA
Obligasi Subordinasi Bank CIMB Niaga
Tahun 2010 5.000 5.060 Fitch AA(idn) 5.000 5.136 Fitch AA (Idn)
Obligasi I CIMB Niaga Auto Finance
Tahun 2012 dengan tingkat bunga
tetap Seri B 30.000 29.335 Fitch AA+ (idn) 30.000 29.244 Fitch AA+(idn)
Obligasi Bank CIMB Niaga
Bond I Seri A Tahun 2011 - - - - 15.000 14.803 Pefindo idAAA
Bond I Seri B Tahun 2011 11.000 10.745 Pefindo idAAA 11.000 10.663 Pefindo idAAA



2014 2013
Tersedia untuk dijual/Available-for-sale

Rupiah/Rupiah (lanjutan/continued)
Bond I Seri A Tahap I Tahun 2012 170.000 167.822 Pefindo idAAA 170.000 164.718 Pefindo idAAA
Obligasi Berkelanjutan OCBC NISP
Tahap I Tahun 2013 Seri A - - - - 75.000 74.828 Pefindo idAAA
Obligasi I OCBC NISP
Tahap I Tahun 2013 Seri A - - - - 5.000 4.989 Pefindo idAAA
Obligasi Berkelanjutan OCBC NISP
Tahap I Tahun 2013 Seri C 23.000 22.534 Pefindo idAAA 23.000 22.314 Pefindo idAAA
Obligasi Berkelanjutan I BFI Finance
Indonesia Tahap I Th 2012 Seri B - - - - 10.000 9.965 Fitch A+
Obligasi Berkelanjutan I BFI Finance
Indonesia Tahap I Th 2012 Seri C 50.000 49.822 Fitch A+ 50.000 48.996 Fitch A+
Obligasi Berkelanjutan IV Mayora
Indah Tahun 2012 80.000 74.107 Pefindo idAA- 62.000 60.728 Pefindo idAA-
Obligasi Berkelanjutan Federal International
Finance I Tahun 2012 Tahap II Seri B 103.700 101.196 Pefindo idAAA 95.000 91.221 Pefindo idAA+
Finance I Tahun 2014 Tahap III Seri B 20.000 20.083 Pefindo idAAA - - - -
Finance I Tahun 2012 Tahap I Seri C 60.000 59.803 Pefindo idAAA 35.000 33.440 Pefindo idAA+
Tidak Tidak
Sertifikat Bank Indonesia/ diperingkat/ diperingkat/
Certificates of Bank Indonesia 3.333.947 3.246.868 N/A Not rated 4.350.000 4.238.750 N/A Not rated
Tidak
Sertifikat Deposito Bank Indonesia/ diperingkat/
Certificates deposit of Bank Indonesia 1.500.000 1.472.071 N/A Not rated - - - -
Obligasi Berkelanjutan I Jasa Marga
Seri A Tahun 2013 - - - - 60.000 59.895 Pefindo idAA
Obligasi Indosat V Seri A tahun 2007 - - - - 50.000 50.067 Pefindo idAA+
Obligasi Berkelanjutan BFI Finance
Indonesia Tahap I Th 2014 Seri A 5.000 4.933 Fitch A+ - - - -
Obligasi Serasi Autoraya II Seri C
Tahun 2011 110.000 111.495 Pefindo idA+ 100.000 99.935 Pefindo idA+
Obligasi Serasi Autoraya III Seri B
Tahun 2012 - - - - 55.000 54.687 Pefindo idA+
MTN SAN Finance II Seri A Tahun 2012 - - - - 100.000 100.384 Pefindo idAA-
MTN SAN Finance II Seri B Tahun 2012 - - - - 100.000 100.384 Pefindo idAA-
MTN I Clipan Finance Indonesia Tahun 2012 150.000 149.907 Pefindo idA+ 150.000 152.754 Pefindo idA+
MTN I NISP Tahun 2013 125.000 121.200 Pefindo idAAA 125.000 118.434 Pefindo idAAA
MTN Bank Resona Perdania Tahun 2015 30.000 29.837 Pefindo idAA- 30.000 29.969 Pefindo idAA-
Obligasi Berkelanjutan Surya Artha
Nusantara I Seri B Tahun 2013 10.000 9.963 Pefindo idAA- - - - -
Obligasi Berkelanjutan I Indomobil FInance
Tahap II Seri C Tahun 2013 15.000 14.213 Pefindo idA - - - -
Obligasi Berkelanjutan II BFI Finance
Indonesia Tahap I Seri A Tahun 2014 20.000 20.065 Fitch A+ - - - -
Obligasi Berkelanjutan II BFI Finance
Indonesia Tahap I Seri B Tahun 2014 20.000 20.257 Fitch A+ - - - -
Obligasi Oto Multiartha VII Seri D
Tahun 2010 - - - - 26.000 26.244 Pefindo idAA
Obligasi SAN Finance II Seri C
Tahun 2012 50.000 49.995 Pefindo idAA- 40.000 39.766 Pefindo idAA-
Obligasi Berkelanjutan I Perum Pegadaian
Tahap II Tahun 2012 Seri C 7.000 6.698 Pefindo idAA+ 7.000 6.534 Pefindo idAA+
Obligasi Berkelanjutan I Sarana Multigriya
Finance 15.000 14.909 Pefindo idAA+ 15.000 14.618 Pefindo idAA
Obligasi Berkelanjutan I Mitra Adiperkasa
Tahap I Tahun 2012 Seri A 4.000 3.938 Pefindo idAA- 4.000 3.854 Pefindo idAA-
Obligasi Berkelanjutan I Mitra Adiperkasa
Tahap II Tahun 2014 Seri A 10.000 10.135 Pefindo idAA- - - - -



2014 2013

Obligasi Pembangunan Jaya Ancol II
Seri A Tahun 2012 30.000 29.553 Pefindo idAA- 30.000 28.955 Pefindo idAA-
Obligasi Berkelanjutan I BCA Finance
Tahap III Tahun 2014 Seri B 10.000 10.083 Pefindo idAAA - - - -
Tahap II Tahun 2013 Seri A - - - - 100.000 98.749 Pefindo idAA+
Tahap I Tahun 2012 Seri C 4.000 3.988 Fitch AAA(idn) 4.000 3.928 Pefindo idAA+
Obligasi Berkelanjutan Indomobil
Finance Tahap I Tahun 2012 Seri C 10.000 9.686 Pefindo idA 5.000 4.764 Pefindo idA
Finance Tahap II Seri A Tahun 2013 - - - - 10.000 9.931 Pefindo idA
Finance Tahap II Tahun 2013 Seri B 50.000 48.461 Pefindo idA 50.000 48.235 Pefindo idA
Finance Tahap IV Tahun 2011 Seri B - - - - 3.000 3.007 Pefindo idA
Obligasi Indofood Sukses Makmur VI
Tahun 2012 10.000 9.486 Pefindo idAA+ 10.000 9.304 Pefindo idAA+
Obligasi Berkelanjutan I Astra Sedaya
Finance Tahap I Tahun 2012 Seri B 42.000 41.955 Pefindo idAAA 42.000 41.258 Pefindo idAA+
Finance Tahap I Tahun 2012 Seri C 7.000 6.796 Pefindo idAAA 7.000 6.736 Pefindo idAA+
Finance Tahap II Tahun 2012 Seri A - - - - 50.000 50.150 Pefindo idAA+
Finance Tahap III Tahun 2013 Seri B 101.000 99.019 Pefindo idAAA 101.000 97.253 Pefindo idAA+
Obligasi Berkelanjutan II Astra Sedaya
Finance Tahap I Tahun 2013 Seri C 10.000 9.774 Pefindo idAAA 10.000 9.548 Pefindo idAA+
Obligasi Subordinasi II Bank Permata
Tahun 2011 5.000 4.975 Pefindo idAA+ 5.000 5.064 Pefindo idAA
Obligasi Subordinasi Berkelanjutan I
Bank Permata Tahun 2012 Tahap 2 5.000 4.795 Pefindo idAA+ 5.000 4.705 Pefindo idAA
Obligasi Subordinasi II Bank BRI Tahun 2009 - - - - 8.000 8.103 Fitch AA (Idn)
Obligasi V WOM Finance Tahun 2011
Seri C - - - - 1.200 1.205 Fitch AA (Idn)
Obligasi V WOM Finance Tahun 2011 Seri D 5.000 5.003 Fitch AA(idn) 5.000 5.090 Fitch AA (Idn)
Obligasi I BII Finance Tahun 2012 Seri B 60.000 59.383 Fitch AA+ (idn) 60.000 58.882 Fitch AA+(Idn)
Obligasi Toyota Astra Fin Services III
Tahun 2013 Seri B 30.000 29.126 Fitch AAA(idn) 30.000 29.173 Pefindo idAA
Obligasi Berkelanjutan I Toyota Astra
Fin Services Tahap I Tahun 2014 Seri B 40.000 40.498 Pefindo idAA+ - - - -
Obligasi Indofood Sukses Makmur VII
Tahun 2014 50.000 50.667 Pefindo idAA+ - - - -
Obligasi Berkelanjutan I Indomobil
Finance Seri C 13.000 13.073 Pefindo idA - - - -
Obligasi Berkelanjutan I Mandala
Multifinance Tahap II Thn 2014 Seri B 60.000 61.978 Pefindo idA - - - -
Obligasi Berkelanjutan I Summarecon
Agung Tahap II Thn 2014 5.000 5.058 Pefindo idA+ - - - -
Obligasi Berkelanjutan I Mandiri Tunas
Finance Tahap II Thn 2014 Seri A 65.000 65.781 Pefindo idAA - - - -
Obligasi Berkelanjutan I Mandala
Multifinance Tahap II Thn 2014 Seri A 40.000 39.923 Pefindo idA - - - -
Obligasi Berkelanjutan I WOM Finance
Tahap I Tahun 2014 Seri B 15.000 15.327 Fitch AA(idn) - - - -



2014 2013

Finance Tahap III Tahun 2014 Seri B 25.000 25.199 Pefindo idAAA - - - -
Finance Tahap III Tahun 2014 Seri A 55.000 55.106 Pefindo idAAA - - - -
Obligasi Berkelanjutan I Toyota Astra
Fin Services Tahap I Tahun 2014 Seri A 20.000 20.042 Pefindo idAA+ - - - -
Obligasi Berkelanjutan I Indomobil
Finance Tahap IV Tahun 2014 Seri B 45.000 45.768 Pefindo idA - - - -
Obligasi Berkelanjutan I Jasa Marga
Seri B Tahun 2013 30.000 29.772 Pefindo idAA - - - -
MTN I Bank ICBC Ind Tahun 2014 Seri A 50.000 50.103 Fitch AAA - - - -
Obligasi Berkelanjutan I Mandiri Tunas
Finance Tahap I Thn 2013 Seri A 30.000 29.191 Pefindo idAA 30.000 28.715 Pefindo idAA
Tahap II Tahun 2012 Seri B 7.000 6.964 Pefindo idAAA 2.000 1.916 Pefindo idAA+
Obligasi Berkelanjutan I ROTI
Tahap I Tahun 2013 7.000 6.556 Pefindo idAA- 5.000 4.637 Pefindo idAA-
Tidak Tidak
Unit penyertaan reksadana/mutual funds 81.406 87.405 N/A Not rated 25.000 24.025 N/A Not rated
Tahap II Tahun 2012 Seri B 60.000 59.572 Pefindo idAAA 60.000 59.732 Pefindo idAAA
Tahap I Seri B Tahun 2012 20.000 19.170 Pefindo idAAA 20.000 18.415 Pefindo idAAA
Obligasi Berkelanjutan I Indomobil Finance
Tahap III Seri B Tahun 2013 30.000 30.236 Pefindo idA 30.000 30.144 Pefindo idA
Obligasi Berkelanjutan I Tower Bersama
Infrastruktur Tahap I Seri B Tahun 2013 75.000 74.956 Fitch AA- 75.000 75.440 Fitch AA-
Finance Tahap I Seri B - - - - 10.000 9.978 Pefindo idAA+
Finance Tahap III Seri B Tahun 2014 30.000 30.125 Pefindo idAAA - - - -
Finance Tahap III Seri A Tahun 2014 20.000 20.024 Pefindo idAAA - - - -
Obligasi Toyota Astra Financial Services II
Tahun 2012 Seri B - - - - 5.000 4.867 Pefindo idAA
Obligasi Protelindo I Tahun 2014 60.000 60.315 Moodys Ba2 - - - -
Obligasi I AKR Corporindo Tahun 2012
Dengan Tingkat Bunga Tetap Seri A 70.000 67.233 Pefindo idAA- 60.000 55.591 Pefindo idAA-
KIK EBA Danareksa BTN 01 -
KPR Class A 9.384 9.391 Pefindo idAAA 18.902 18.913 Pefindo idAAA
Obligasi Berkelanjutan I Summarecon
Agung Tahap I Tahun 2013 15.000 15.140 Pefindo idA+ 15.000 14.988 Pefindo idA+
Obligasi Subordinasi Berkelanjutan II
Bank BII Tahap I Tahun 2014 10.000 10.291 Pefindo idAA+ - - - -
MTN CIMB Niaga Auto Finance
Tahun 2016 30.000 29.645 Fitch AA+ - - - -
Obligasi I Pupuk Indonesia Tahun 2014
Seri A 50.000 50.286 Fitch AAA - - - -
Obligasi Berkelanjutan II Pegadaian
Indonesia Tahun 2014 Seri A 40.000 40.123 Pefindo idAA+ - - - -
Obligasi Berkelanjutan II Pegadaian
Indonesia Tahun 2014 Seri B 60.000 59.296 Pefindo idAA+ - - - -
MTN CIMB Niaga Auto Finance II
Tahun 2016 30.000 29.462 Fitch AA+ - - - -
MTN Mandala Multi Finance Seri A 30.000 30.285 Pefindo idA - - - -
MTN Mandala Multi Finance Seri B 70.000 71.407 Pefindo idA - - - -


2014 2013

Obligasi berkelanjutan II Astra Sedaya
Finance tahap IV Tahun 2014 Seri B 90.000 91.354 Fitch AAA(idn) - - - -
Obligasi Berkelanjutan Mitra Adi Perkasa
Tahap III Tahun 2014 Seri A 5.000 4.983 Pefindo idAA- - - - -
Obligasi CIMB Niaga Auto Finance
Series 1 B Tahun 2015 5.000 4.889 Fitch AA+ - - - -
8.392.197 8.261.547 7.366.062 7.209.865
Mata Uang Asing/Foreign Currencies

Obligasi PLN17 (Majapahit Holding BV) 61.925 68.247 Moodys Baa3 60.850 66.578 Moodys Ba1
Obligasi Bank Exim Tahun 2017 49.540 50.525 Moodys Baa3 12.170 12.075 Pefindo idAAA
Obligasi Bank Rakyat Indonesia Tahun 2018 49.540 49.098 Moodys Baa3 48.680 45.533 Moodys Baa3
Obligasi PLN 16 (Majapahit Holding BV) 92.888 101.746 Moodys Baa3 12.170 13.368 Moodys Ba1
Obligasi Bank Negara Indonesia
Tahun 2017 86.695 89.039 Moodys Ba2 - - - -
340.588 358.655 133.870 137.554
Jumlah-tersedia untuk
dijual/Total-available-for-sale 8.732.785 8.620.202 7.499.932 7.347.419
Jumlah efek-efek/Total
marketable securities 9.022.131 8.909.548 7.900.751 7.748.238
Dikurangi/Less:
Penyisihan kerugian penurunan nilai/
Allowance for impairment losses (21.442) (21.122)
Jumlah efek-efek-neto/ Total

marketable securities-net 8.888.106 7.727.116
e. Perubahan kerugian yang belum direalisasi e. Movements of unrealized losses
Perubahan kerugian yang belum direalisasi atas efek- Movements of unrealized losses for available-for-
efek dalam kelompok tersedia untuk dijual adalah sale marketable securities are as follows:
sebagai berikut:
2014 2013
Saldo awal - sebelum Beginning balance -
pajak penghasilan tangguhan (34.315) 21.883 before deferred income tax
Penambahan keuntungan/
(kerugian) yang belum
direalisasi selama tahun Additional unrealized gains/
berjalan - neto 29.989 (48.375) (losses) during the year - net
Keuntungan yang direalisasi atas Realized gains from
penjualan efek-efek selama sale of marketable securities
tahun berjalan - neto (1.300) (7.823) during the year - net
Jumlah sebelum pajak Total before deferred
penghasilan tangguhan (5.626) (34.315) income tax
Pajak penghasilan tangguhan 2.222 11.145 Deferred income tax
Saldo akhir - neto (3.404) (23.170) Ending balance - net


f. Perubahan penyisihan kerugian penurunan nilai f. Movements of allowance for impairment losses
2014 2013
Saldo awal 21.122 20.781 Beginning balance

Kerugian penurunan nilai Impairment loss during
selama tahun berjalan 320 341 the year
kerugian penurunan nilai atas efek-efek telah impairment losses on marketable securities is
memadai. adequate.
g. Suku bunga efektif rata-rata tertimbang per tahun g. The weighted average effective interest rate per
untuk tahun yang berakhir pada tanggal-tanggal annum for the years ended 31 December 2014
31 Desember 2014 dan 2013 and 2013
2014 2013
Sertifikat Bank Indonesia 6,87% 4,90% Certificates of Bank Indonesia

Obligasi korporasi - Rupiah 8,81% 8,10% Corporate bonds - Rupiah
Obligasi korporasi - mata uang
asing 4,14% 1,86% Corporate bonds - foreign currency
Obligasi syariah 9,44% 9,44% Sharia bonds
9. EFEK YANG DIBELI DENGAN JANJI DIJUAL KEMBALI 9. SECURITIES PURCHASED UNDER RESALE
AGREEMENTS
catatan 49d. 49d.
2014
Nilai nominal/ Tingkat suku Tanggal dimulai/ Tanggal jatuh
Pihak penjual/ Jenis efek/Type Nominal bunga/ Commencement tempo/Maturity Nilai tercatat/
Counterparty of securities amount Interest rate date date Carrying value
Bank Indonesia FR52 11 Desember/ 5 Februari/
150.000 6,30% December 2014 February 2015 175.856
Bank Indonesia FR71 5 Desember/ 6 Januari/
350.000 6,02% December 2014 January 2015 364.685
500.000 540.541


9. EFEK YANG DIBELI DENGAN JANJI DIJUAL KEMBALI 9. SECURITIES PURCHASED UNDER RESALE
(lanjutan) AGREEMENTS (continued)
Klasifikasi kolektibilitas efek yang dibeli dengan janji dijual Collectibility classification of securities purchased under
kembali tersebut adalah lancar. resale agreements was current.
Informasi mengenai klasifikasi dan nilai wajar efek yang Information with regard to the classification and fair value
dibeli dengan janji dijual kembali diungkapkan pada of securities purchased under resale agreements is
Catatan 50. disclosed in Note 50.
10. TAGIHAN DAN LIABILITAS DERIVATIF 10. DERIVATIVE RECEIVABLES AND LIABILITIES
Catatan 49d. 49d.
2014
Nilai kontrak/nosional (setara dengan
Dolar Amerika Serikat)/
Nilai wajar/Fair values
Contract/notional amount
(equivalent to Tagihan derivatif/ Liabilitas derivatif/
United States Dollar) Derivative receivables Derivative liabilities
Bank Counterparty/ Nasabah/ Bank Counterparty/ Nasabah/ Bank Counterparty/ Nasabah/
Instrumen Counterparty Bank Customer Counterparty Bank Customer Counterparty Bank Customer Instruments
Diperdagangkan: Trading:
Kontrak tunai mata
uang asing 11.351.093 - 99 - 673 - Foreign currency spot
Kontrak berjangka mata Foreign
uang asing - 36.189.146 - 2.942 - 5.016 currency forward
Swap mata uang asing 528.281.449 1.000.000 19.005 63 21.898 - Foreign currency swaps
Cross currency swaps 62.000.000 50.333.333 75.115 - - 73.829 Cross currency swaps
Swap suku bunga 9.037.142 4.172.857 519 867 22 - Interest rate swaps
94.738 3.872 22.593 78.845
Lindung nilai: Hedging:
Cross currency swaps 606.666.667 - 362.681 - 27.823 - Cross currency swaps
457.419 3.872 50.416 78.845
2013
Nilai kontrak/nosional (setara dengan
Dolar Amerika Serikat)/ Nilai wajar/Fair values
Contract/notional amount
(equivalent to Tagihan derivatif/ Liabilitas derivatif/
United States Dollar) Derivative receivables Derivative liabilities
Bank Counterparty/ Nasabah/ Bank Counterparty/ Nasabah/ Bank Counterparty/ Nasabah/
Instrumen Counterparty Bank Customer Counterparty Bank Customer Counterparty Bank Customer Instruments
Diperdagangkan: Trading:
Kontrak tunai mata
uang asing 1.000.000 810.000 - 102 16 - Foreign currency spot
Kontrak berjangka mata Foreign
uang asing - 25.307.540 - 275 - 1.654 currency forward
Swap mata uang asing 690.900.000 - 429.398 - 125.084 - Foreign currency swaps
Cross currency swaps 118.560.345 73.560.345 150.408 - 142.604 186.676 Cross currency swaps
Swap suku bunga 17.902.190 9.023.720 2.747 1.547 177 - Interest rate swaps
582.553 1.924 267.881 188.330
Lindung nilai: Hedging:
Cross currency swaps 336.250.000 - 590.040 - 2.639 - Cross currency swaps
1.172.593 1.924 270.520 188.330


10. TAGIHAN DAN LIABILITAS DERIVATIF (lanjutan) 10. DERIVATIVE RECEIVABLES AND LIABILITIES
(continued)
Selama tahun yang berakhir pada tanggal 31 Desember During the year ended 31 December 2014, the loss from
2014, kerugian atas perubahan nilai wajar instrumen changes in fair value of derivative instruments which was
derivatif yang diakui dalam laba rugi sebesar Rp130.434 recorded in the profit or loss amounted to Rp130,434
(2013: keuntungan sebesar Rp80.028). (2013: gains of Rp80,028).
Jumlah nosional adalah suatu jumlah dalam unit mata A notional amount is a number of the currency units
uang yang disebutkan dalam perjanjian. Jumlah dalam specified in the contract. The amount in the above table
daftar di atas disajikan secara bruto (penjumlahan posisi is presented at gross basis (a sum of buy and sell
beli dan jual secara absolut). Tagihan/liabilitas derivatif position in absolute amount). Derivative
merupakan nilai penyelesaian transaksi derivatif pada receivables/liabilities represent the settlement value of
tanggal pelaporan. derivative instruments as of the reporting date.
Suku bunga efektif rata-rata per tahun untuk tahun yang The average effective interest rates per annum for the
berakhir pada tanggal-tanggal 31 Desember 2014 dan years ended 31 December 2014 and 2013 for interest
2013 untuk transaksi swap suku bunga adalah sebagai rate swap deals are as follows:
berikut:
2014 2013
IDR IDR
Yang akan dibayar To be paid
Suku bunga mengambang 7,20% 5,76% Floating interest rate
Suku bunga tetap - 7,53% Fixed interest rate
Yang akan diterima To be received

Suku bunga mengambang - 5,73% Floating interest rate
Suku bunga tetap 8,02% 7,83% Fixed interest rate
USD USD
Yang akan dibayar To be paid
Yang akan diterima To be received



(continued)
Pertukaran tingkat suku bunga dilakukan setiap bulanan The interest rate exchanges are exercised monthly and
dan kuartalan. quarterly.
Jangka waktu kontrak swap suku bunga berkisar antara 3 The contract period of interest rate swaps ranged
- 5 tahun. Pada tanggal 31 Desember 2014, sisa jangka between 3 - 5 years. As of 31 December 2014, the
waktu kontrak dari swap suku bunga berkisar antara 2 remaining contract period of interest rate swaps ranged
bulan sampai 3 tahun 10 bulan. between 2 months until 3 years 10 months.
Arus kas lindung nilai atas risiko tingkat suku bunga Cash flow hedge of interest rate and foreign
dan mata uang asing currency risks
Bank dan ADMF menggunakan cross currency swaps The Bank and ADMF use cross currency swaps to
untuk melakukan lindung nilai mata uang asing yang hedge the foreign currency risks arising from certain
timbul atas pinjaman dengan suku bunga mengambang floating rate loans payable denominated in foreign
yang didenominasi dalam mata uang asing. currencies.
Pada tanggal 31 Desember 2014, kerugian atas As of 31 December 2014, losses from changes in fair
perubahan nilai wajar dari instrumen derivatif sebesar value of derivative instruments of Rp67,085 relating to
Rp67.085 sehubungan dengan bagian efektif dari arus the effective portion of cash flow hedges were
kas lindung nilai diakui sebagai pendapatan komprehensif recognized in other comprehensive income (2013: gains
lain (2013: keuntungan sebesar Rp4.275). amounted to Rp4,275).
Perubahan (kerugian)/keuntungan yang belum direalisasi: Movements of unrealized (losses)/gains:
2014 2013
Saldo awal (4.724) (19.559) Beginning balance

Bagian efektif dari perubahan Effective portion of
nilai wajar selama changes in fair value
tahun berjalan (84.723) 14.835 during the year
Jumlah sebelum pajak
penghasilan tangguhan (89.447) (4.724) Total before deferred income tax
Saldo akhir - neto (67.085) 4.275 Ending balance - net
Berdasarkan ketentuan Bank Indonesia yang berlaku, Based on prevailing Bank Indonesia regulation, all
seluruh tagihan derivatif digolongkan sebagai lancar. derivatives receivables were classified as current.
Tagihan dan liabilitas derivatif dalam mata uang asing Derivative receivables and liabilities in foreign currencies
terdiri dari Dolar Amerika Serikat (Catatan 54). are denominated in United States Dollar (Note 54).


(continued)
Selama 2008, Bank telah melakukan beberapa transaksi During 2008, the Bank entered into foreign exchange
kontrak berjangka mata uang asing untuk nasabah yang forward contracts on behalf of customers which involved
di dalamnya terdiri dari beberapa kontrak pertukaran mata a series of foreign currency exchange contracts, on
uang asing pada tanggal-tanggal yang telah disepakati agreed predetermined delivery dates (weekly or bi-
(mingguan atau dua-mingguan). Di dalam kontrak-kontrak weekly). These foreign exchange contracts incorporate
berjangka mata uang asing ini terdapat karakteristik opsi certain option-like characteristics, in which if the
tertentu, dimana jika strike price yang telah ditentukan exchange rate was at or above a predetermined strike
tercapai atau terlampaui, nasabah berkewajiban untuk price, the customer was obliged to deliver a certain
menyerahkan Dolar Amerika Serikat dalam jumlah amount of United States Dollars as stated in the contract.
tertentu seperti yang dinyatakan dalam kontrak. Untuk For each contract entered into with the customer, the
setiap kontrak yang dilakukan dengan nasabah, Bank Bank also entered into offsetting contracts with
melakukan offsetting transaksi dengan counterparty bank counterparty banks on identical terms in order to offset
dengan syarat yang serupa untuk meng-offset risiko the market risk. These contracts were executed on
pasar. Kontrak ini dilakukan atas dasar arus kas mata account of the underlying foreign exchange cash flows
uang asing dari nasabah dan tidak mencerminkan from the customers and did not represent proprietary
aktivitas perdagangan Bank. trading activities of the Bank.
Sehubungan dengan penurunan nilai Rupiah terhadap Due to a significant depreciation of the Rupiah against
Dolar Amerika Serikat, penurunan harga komoditas di the United States Dollar, the reduction of international
pasar internasional dan dampak kondisi ekonomi global commodity prices and the impact of unfavorable global
yang tidak menguntungkan terhadap bisnis nasabah pada economic conditions to certain customers business in
kuartal terakhir tahun 2008, beberapa nasabah the last quarter of 2008, certain customers failed to
mengalami kegagalan untuk menyerahkan jumlah dalam deliver the foreign currency amounts to the Bank when
mata uang asing kepada Bank pada saat jatuh tempo. they were due. In the light of the customers impaired
Melihat penurunan kapasitas nasabah, Bank telah capacity, the Bank has unwound some contracts at
membatalkan beberapa kontrak dengan menggunakan current market costs and they were recorded as
harga pasar terkini dan dicatat sebagai tagihan dari receivables from customers. The Bank has negotiated
nasabah. Bank telah melakukan kesepakatan settlement agreements with the customers.
penyelesaian dengan nasabah.
Pada tanggal 31 Desember 2014, jumlah kontrak yang As of 31 December 2014, total unwound contracts and
dibatalkan dan menjadi tagihan derivatif yang akan derivative receivables that will be settled by the
diselesaikan oleh nasabah adalah sebesar RpNihil yang customers amounted to RpNil which had been settled
telah diselesaikan melalui pembayaran dan hapus buku. through payment and write off. As of 31 December 2013,
Pada tanggal 31 Desember 2013, jumlah kontrak yang total unwound contracts and derivative receivables that
dibatalkan dan menjadi tagihan derivatif yang akan would be settled by the customers amounted to
diselesaikan oleh nasabah adalah sebesar Rp88.240 Rp88,240 and has been recorded as other assets (Note
yang telah dibukukan sebagai aset lain-lain (Catatan 19), 19), with the total allowance provided for these
dengan jumlah penyisihan yang dibentuk atas tagihan ini receivables amounting to Rp23,290.
adalah sebesar Rp23.290.
Pada tanggal 31 Desember 2014, tidak terdapat kontrak As of 31 December 2014, there is no outstanding foreign
berjangka mata uang asing dari nasabah yang disebutkan exchange forward contract on behalf of customers
di atas yang masih tercatat sebagai tagihan derivatif. mentioned above which is recorded as derivative
receivable.
Informasi mengenai klasifikasi dan nilai wajar tagihan dan Information with regard to the classification and fair value
kewajiban derivatif diungkapkan pada Catatan 50. of derivative receivables and liabilities is disclosed in
Note 50.


11. PINJAMAN YANG DIBERIKAN 11. LOANS
Pinjaman yang diberikan kepada pihak berelasi Loans to related parties are disclosed in Note 46.
diungkapkan pada Catatan 46. Informasi mengenai jatuh Information in respect of maturities is disclosed in Note
tempo diungkapkan pada Catatan 49d. 49d.
2014 2013
Rupiah Rupiah
Konsumsi 30.411.567 28.903.929 Consumer
Modal kerja 45.030.624 43.135.572 Working capital
Investasi 20.764.699 19.485.962 Investment
Ekspor 1.582.781 1.602.467 Export
Pinjaman kepada personil Loans to key
manajemen kunci 23.080 26.999 management personnel
97.812.751 93.154.929

Konsumsi 17 19 Consumer
Ekspor 1.854.247 1.645.789 Export
11.762.378 12.625.712
Jumlah 109.575.129 105.780.641 Total
Dikurangi: Less:
penurunan nilai (2.800.918) (2.312.387) losses
Jumlah - neto 106.774.211 103.468.254 Total - net
Pinjaman yang diberikan dalam mata uang asing Loans in foreign currencies are denominated in
terdiri dari Dolar Amerika Serikat, Dolar Singapura, United States Dollar, Singapore Dollar, and
dan Euro Eropa (Catatan 54). European Euro (Note 54).


11. PINJAMAN YANG DIBERIKAN (lanjutan) 11. LOANS (continued)
b. Berdasarkan sektor ekonomi b. By economic sector
2014
Penyisihan
Kerugian
Penurunan
Dalam Nilai/
Perhatian Kurang Allowance
Khusus/ Lancar/ for
Lancar/ Special Sub- Diragukan/ Macet/ Impairment Neto/
Current Mention standard Doubtful Loss Losses Net
Rupiah Rupiah
Pertanian, perburuan, Agriculture, hunting,
dan kehutanan 2.146.223 125.252 17.583 24.213 44.865 (61.432) 2.296.704 and forestry
Perikanan 69.465 8.197 2.985 3.322 4.299 (5.863) 82.405 Fisheries
Pertambangan dan
penggalian 268.425 9.131 535 273 47.888 (31.678) 294.574 Mining and excavation
Industri pengolahan 12.687.423 220.902 41.125 38.924 73.807 (179.413) 12.882.768 Manufacturing
Listrik, gas, dan air 115.221 60 - - 5 (674) 114.612 Electricity, gas, and water
Konstruksi 1.264.491 7.340 2.141 14.466 10.809 (16.533) 1.282.714 Construction
Perdagangan besar dan
eceran 32.579.886 1.218.549 227.402 258.103 747.885 (787.790) 34.244.035 Wholesale and retail
Penyediaan akomodasi Accommodation and
dan penyediaan food and
makan minum 1.900.906 98.747 13.078 18.297 39.232 (51.731) 2.018.529 beverages
Transportasi, Transportation,
pergudangan, dan warehousing, and
komunikasi 3.011.412 260.375 18.487 32.477 22.664 (76.999) 3.268.416 communications
Perantara keuangan 4.588.624 996 7.624 - 2.683 (39.891) 4.560.036 Financial intermediary
Real estate, usaha Real estate, leasing
persewaan, dan jasa services, and
perusahaan 3.229.559 126.799 15.968 34.390 51.310 (67.811) 3.390.215 servicing companies
Administrasi Government
pemerintahan, administration, defense,
pertahanan, dan and mandatory
jaminan sosial wajib 916 - - - - (4) 912 social security
Jasa pendidikan 34.709 1.627 511 246 341 (587) 36.847 Educational services
Jasa kesehatan dan Health and
kegiatan sosial 205.538 12.078 2.109 1.609 4.340 (4.378) 221.296 social services
Jasa kemasyarakatan, Services in social,
sosial budaya, hiburan, art, culture,
dan perorangan recreation, and other
lainnya 1.182.198 91.118 16.856 20.684 38.084 (50.944) 1.297.996 individual services
Jasa perorangan yang
melayani rumah Individual services
tangga 3.038 216 - 39 427 (472) 3.248 to households
Rumah tangga 23.351.445 3.375.283 106.224 148.099 113.204 (622.879) 26.471.376 Households
Lain-lain 2.522.500 705.819 32.452 50.773 35.445 (234.574) 3.112.415 Others
89.161.979 6.262.489 505.080 645.915 1.237.288 (2.233.653) 95.579.098


b. Berdasarkan sektor ekonomi (lanjutan) b. By economic sector (continued)
2014
Penyisihan
Kerugian
Penurunan
Dalam Nilai/
Khusus/ Lancar/ for
dan kehutanan 668.200 - - - - (5.755) 662.445 and forestry
Pertambangan dan
penggalian 735.013 640.764 - - 184.024 (392.626) 1.167.175 Mining and excavation
Industri pengolahan 5.523.992 18.554 24.443 - 6.248 (101.856) 5.471.381 Manufacturing
Konstruksi 20.586 - - - 16.387 (8.805) 28.168 Construction
eceran 1.199.053 17.698 13.550 - - (9.662) 1.220.639 Wholesale and retail
makan minum 96.601 - - - - (391) 96.210 beverages
komunikasi 1.636.495 - - - - (15.277) 1.621.218 communications
Perantara keuangan 63.377 - - - - (430) 62.947 Financial intermediary
perusahaan 697.555 121.926 49.412 917 - (32.351) 837.459 servicing companies
lainnya 27.567 - - - - (112) 27.455 individual services
Rumah tangga 4 - - - - - 4 Households
Lain-lain 10 - - - 2 - 12 Others
10.668.453 798.942 87.405 917 206.661 (567.265) 11.195.113
Jumlah - neto 99.830.432 7.061.431 592.485 646.832 1.443.949 (2.800.918) 106.774.211 Total - net


2013
Penyisihan
Kerugian
Penurunan
Dalam Nilai/
Khusus/ Lancar/ for
Rupiah Rupiah
dan kehutanan 2.319.044 109.010 16.930 23.984 63.296 (69.068) 2.463.196 and forestry
Perikanan 92.819 7.314 1.956 2.437 3.502 (3.972) 104.056 Fisheries
Pertambangan dan
penggalian 399.470 21.652 42 18.034 44.950 (35.590) 448.558 Mining and excavation
Industri pengolahan 12.866.668 147.935 24.454 38.368 46.178 (163.058) 12.960.545 Manufacturing
Listrik, gas, dan air 18.416 291 - 12 - (108) 18.611 Electricity, gas, and water
Konstruksi 1.137.583 19.329 404 2.943 1.691 (8.435) 1.153.515 Construction
eceran 30.585.351 970.911 161.405 287.240 495.720 (637.259) 31.863.368 Wholesale and retail
makan minum 1.700.920 80.160 12.646 16.431 22.138 (37.901) 1.794.394 beverages
komunikasi 4.300.400 56.518 6.950 13.898 38.510 (69.220) 4.347.056 communications
Perantara keuangan 2.973.754 122 - - - (24.774) 2.949.102 Financial intermediary
perusahaan 3.301.424 86.336 12.021 45.404 35.530 (48.036) 3.432.679 servicing companies
Administrasi Government
pemerintahan, administration, defense,
pertahanan, dan and mandatory
jaminan sosial wajib 931 - - - - (4) 927 social security
Jasa pendidikan 30.055 517 300 149 4.424 (1.287) 34.158 Educational services
Jasa kesehatan dan Health and
kegiatan sosial 305.229 11.225 1.685 2.824 3.869 (5.028) 319.804 social services
lainnya 1.072.457 87.843 12.866 18.859 27.939 (41.350) 1.178.614 individual services
Jasa perorangan yang
melayani rumah Individual services
tangga 3.266 1.518 331 41 52 (158) 5.050 to households
Rumah tangga 21.006.981 3.058.297 92.817 154.279 107.053 (537.728) 23.881.699 Households
Lain-lain 3.538.990 859.718 31.712 52.588 33.613 (283.370) 4.233.251 Others
85.653.758 5.518.696 376.519 677.491 928.465 (1.966.346) 91.188.583


2013
Penyisihan
Kerugian
Penurunan
Dalam Nilai/
Khusus/ Lancar/ for
dan kehutanan 350.021 - - - - (3.936) 346.085 and forestry
Pertambangan dan
penggalian 1.452.940 368.967 - - 150.240 (251.381) 1.720.766 Mining and excavation
Industri pengolahan 5.759.533 - - - - (57.450) 5.702.083 Manufacturing
Konstruksi 49.934 - - - - (238) 49.696 Construction
eceran 1.388.439 - - - 577 (6.859) 1.382.157 Wholesale and retail
makan minum 77.428 - - - - (304) 77.124 beverages
komunikasi 1.636.053 - - - - (17.721) 1.618.332 communications
Perantara keuangan 106.716 - - - - (1.034) 105.682 Financial intermediary
perusahaan 1.244.273 - - - - (6.958) 1.237.315 servicing companies
lainnya 40.573 - - - - (160) 40.413 individual services
Rumah tangga 5 1 - - - - 6 Households
Lain-lain 10 - - - 2 - 12 Others
12.105.925 368.968 - - 150.819 (346.041) 12.279.671
Jumlah - neto 97.759.683 5.887.664 376.519 677.491 1.079.284 (2.312.387) 103.468.254 Total - net
c. Berdasarkan wilayah geografis c. By geographic region
2014 2013
Jakarta, Bogor, Tangerang, Jakarta, Bogor, Tangerang,
Karawang, Bekasi, dan Lampung 49.812.010 48.504.665 Karawang, Bekasi, and Lampung
Jawa Barat 6.709.510 6.458.989 West Java
Jawa Timur, Bali, NTT, dan NTB 12.844.438 11.748.389 East Java, Bali, NTT, and NTB
Sulawesi, Maluku, dan Papua 8.624.899 8.138.691 Sulawesi, Maluku, and Papua
Kalimantan 7.066.416 6.726.574 Kalimantan
Sumatra 16.307.004 16.121.246 Sumatra
Jawa Tengah dan Yogyakarta 8.210.852 8.082.087 Central Java and Yogyakarta
Jumlah 109.575.129 105.780.641 Total
Dikurangi: Less:
Penyisihan kerugian penurunan nilai (2.800.918) (2.312.387) Allowance for impairment losses


d. Pinjaman yang direstrukturisasi d. Restructured loans
Pinjaman yang direstrukturisasi meliputi antara lain Restructured loans consist of loans with rescheduled
penjadwalan ulang pembayaran pokok pinjaman dan principal and interest payments, adjusted interest
bunga, penyesuaian tingkat suku bunga, dan rates, and reduced overdue interest.
pengurangan tunggakan bunga.
2014 2013
Pinjaman yang direstrukturisasi 2.920.427 2.067.536 Restructured loans
Dikurangi: Less:
Penyisihan kerugian penurunan
nilai (714.975) (349.291) Allowance for impairment losses
2.205.452 1.718.245
e. Pinjaman sindikasi e. Syndicated loans
Pinjaman sindikasi merupakan pinjaman yang Syndicated loans represent loans provided to
diberikan kepada debitur berdasarkan perjanjian debtors under syndication agreements with other
pembiayaan bersama (sindikasi) dengan bank-bank banks. Total syndicated loans as of 31 December
lain. Jumlah pinjaman sindikasi pada tanggal 2014 amounted to Rp1,059,733 (2013:
31 Desember 2014 adalah sebesar Rp1.059.733 Rp1,321,951). The percentage of participation of the
(2013: Rp1.321.951). Persentase keikutsertaan Bank Bank as a member of syndications as of
dalam pinjaman sindikasi sebagai anggota pada 31 December 2014 and 2013 ranges 1.50% -
tanggal-tanggal 31 Desember 2014 dan 2013 adalah 17.95% of each syndicated loan facility.
sebesar 1,50% - 17,95% dari masing-masing fasilitas
pinjaman.
Perubahan penyisihan kerugian penurunan nilai Movements of allowance for impairment losses are
adalah sebagai berikut: as follows:
2014
Kolektif/ Individual/ Jumlah/
Collective Individually Total
Saldo awal 2.001.684 310.703 2.312.387 Beginning balance

Kerugian penurunan Impairment losses
nilai selama tahun berjalan 1.933.728 404.766 2.338.494 during the year
Penerimaan kembali pinjaman
yang telah dihapusbukukan 706.122 107.882 814.004 Recoveries from loans written off
Penghapusbukuan selama
tahun berjalan (2.322.408) (108.870) (2.431.278) Write offs during the year
Selisih kurs (111.743) (120.946) (232.689) Exchange rate difference
Saldo akhir 2.207.383 593.535 2.800.918 Ending balance


2013
Kolektif/ Individual/ Jumlah/
Collective Individually Total
Saldo awal 1.767.408 512.271 2.279.679 Beginning balance

Kerugian penurunan Impairment losses
nilai selama tahun berjalan 1.788.747 297.365 2.086.112 during the year
Penerimaan kembali pinjaman
yang telah dihapusbukukan 748.330 82.851 831.181 Recoveries from loans written off
tahun berjalan (2.280.018) (530.808) (2.810.826) Write offs during the year
Selisih kurs (22.783) (50.976) (73.759) Exchange rate difference
Saldo akhir 2.001.684 310.703 2.312.387 Ending balance
kerugian penurunan nilai atas pinjaman yang impairment losses on loans is adequate.
diberikan telah memadai.
g. Pembiayaan bersama g. Joint financing
Bank mengadakan perjanjian pemberian fasilitas The Bank has entered into joint financing
pembiayaan bersama dengan beberapa lembaga agreements with several multi-finance companies for
pembiayaan untuk membiayai kepemilikan kendaraan financing retail purchases of vehicles and consumer
bermotor dan barang-barang konsumtif. Jumlah saldo durable products. The outstanding balance of joint
fasilitas pembiayaan bersama dengan dan tanpa financing agreements with and without recourse as
tanggung renteng pada tanggal 31 Desember 2014 of 31 December 2014 was Rp23,670,314 (2013:
adalah sebesar Rp23.670.314 (2013: Rp22.688.590) Rp22,688,590) and was included under consumer
yang termasuk dalam pinjaman konsumsi loans (Note 11a).
(Catatan 11a).
h. Kredit kelolaan h. Channelling loans
Kredit kelolaan adalah kredit yang diterima oleh Bank Channelling loans are loans received by the Bank
dari BI untuk diteruskan membiayai proyek-proyek from BI which have been channelled to finance
pertanian di Indonesia. Bank tidak menanggung risiko agricultural projects in Indonesia. The Bank bears
atas kredit kelolaan yang diteruskan ini sehingga no credit risk on these loans; therefore, these
kredit ini tidak dicatat sebagai pinjaman dalam laporan channelling loans were not recorded as loans in the
keuangan konsolidasian. consolidated financial statements.
Pada tanggal 31 Desember 2014, saldo kredit As of 31 December 2014, the balance of channelling
kelolaan adalah Rp350.623 (2013: Rp350.640). loans amounted to Rp350,623 (2013: Rp350,640).


i. Informasi pokok lainnya sehubungan dengan i. Other significant information relating to loans
pinjaman yang diberikan
Pada tanggal 31 Desember 2014, rasio Non- As of 31 December 2014, the percentage of Non-
performing Loan (NPL)-gross dan rasio NPL-net performing Loan (NPL)-gross and NPL-net were
adalah masing-masing sebesar 2,47% dan 1,34% 2.47% and 1.34% (2013: 2.03% and 1.14%),
(2013: 2,03% dan 1,14%) yang dihitung berdasarkan respectively, which was calculated based on Circular
Surat Edaran Bank Indonesia No. 13/30/DPNP Letter of Bank Indonesia No. 13/30/DPNP dated
tanggal 16 Desember 2011. 16 December 2011.
Pinjaman yang diberikan pada umumnya dijamin Loans are generally secured by time deposits or by
dengan deposito berjangka atau harta tak bergerak registered mortgages or by powers of attorney to
yang diaktakan dengan akta pemberian hak mortgage or sell, or by other guarantees acceptable
tanggungan atau surat kuasa untuk menjual, atau to the Bank (Note 20).
jaminan lain yang umumnya diterima oleh Bank
(Catatan 20).
Jumlah pinjaman yang diberikan yang dijamin dengan Total loans with cash collaterals as of 31 December
agunan tunai pada tanggal 31 Desember 2014 2014 was Rp2,393,709 (2013: Rp2,835,498).
adalah sebesar Rp2.393.709 (2013: Rp2.835.498).
Termasuk dalam pinjaman yang diberikan dalam Included in loans denominated in Rupiah as of
mata uang Rupiah pada tanggal 31 Desember 2014 31 December 2014 is sharia financing at gross
adalah pembiayaan syariah, bruto sebesar amount of Rp2,486,315 (2013: Rp1,885,072)
Rp2.486.315 (2013: Rp1.885.072) (Catatan 55). (Note 55).
Rasio kredit usaha mikro kecil terhadap jumlah kredit Ratio of small micro business loan to total loans as of
yang diberikan pada tanggal 31 Desember 2014 31 December 2014 was 12.12% (2013: 13.50%).
adalah sebesar 12,12% (2013: 13,50%).
mata uang asing (2013: 15,19% dan 5,12%). (2013: 15.19% and 5.12%).
Informasi mengenai klasifikasi dan nilai wajar Information with regard to the classification and fair
pinjaman diberikan diungkapkan pada Catatan 50. value of loans is disclosed in Note 50.


12. PIUTANG PEMBIAYAAN KONSUMEN 12. CONSUMER FINANCING RECEIVABLES
Catatan 49d. 49d.
Piutang pembiayaan konsumen Entitas Anak adalah The Subsidiaries consumer financing receivables are as
2014 2013
Piutang pembiayaan konsumen - Consumer financing receivables -
pihak ketiga third parties
- pembiayaan bersama 7.437.540 6.554.308 joint financing -
- pembiayaan sendiri 32.813.228 33.427.303 self financing -
Pendapatan pembiayaan Unrecognized consumer

konsumen yang belum diakui - financing income -
pihak ketiga (12.714.469) (11.890.009) third parties
Dikurangi: Less:
Penyisihan kerugian penurunan nilai - Allowance for impairment losses -
pihak ketiga (1.117.447) (913.771) third parties
Pada tanggal-tanggal 31 Desember 2014 dan 2013, biaya As of 31 December 2014 and 2013, the gross consumer
transaksi yang terkait langsung dengan perolehan nasabah financing receivables include transaction costs directly
baru disajikan sebagai bagian dari piutang pembiayaan attributed to the origination of consumer financing
konsumen masing-masing sebesar Rp2.312.395 dan accounts amounting to Rp2,312,395 and Rp2,287,524,
Rp2.287.524 (Catatan 2.e.2 dan 2q). respectively (Notes 2.e.2 and 2q).
Suku bunga kontraktual per tahun untuk pembiayaan Contractual interest rates per annum for consumer
konsumen adalah sebagai berikut: financing are as follows:
Produk 2014 2013 Products
Mobil 15,36% - 21,14% 14,05% - 19,82% Automobiles

Motor 34,71% - 40,19% 31,62% - 37,72% Motorcycles
Produk barang konsumtif 21,80% - 91,00% 21,00% - 91,00% Consumer durable products
Suku bunga efektif rata-rata tertimbang per tahun untuk The weighted average effective interest rates per annum
tahun yang berakhir pada tanggal 31 Desember 2014 for the year ended 31 December 2014 were 17.07% for
adalah 17,07% untuk mobil, 24,20% untuk motor, dan automobiles, 24.20% for motorcycles, and 50.90% for
50,90% untuk produk barang konsumtif (2013: masing- consumer durable products (2013: 13.88%, 21.59%, and
masing 13,88%, 21,59%, dan 48,70%). 48.70%, respectively).
Sebagai jaminan atas piutang pembiayaan konsumen The consumer financing receivables are secured by the
yang diberikan, Entitas Anak menerima jaminan dari Certificates of Ownership (BPKB) of the motor vehicles
konsumen berupa Bukti Pemilikan Kendaraan Bermotor financed by the Subsidiary. Consumer financing
(BPKB) atas kendaraan bermotor yang dibiayai. Tidak ada receivables for consumer durable products are
jaminan atas piutang pembiayaan konsumen untuk produk unsecured.
barang konsumtif.


12. PIUTANG PEMBIAYAAN KONSUMEN (lanjutan) 12. CONSUMER FINANCING RECEIVABLES (continued)
Piutang pembiayaan konsumen pada tanggal Consumer financing receivables as of 31 December 2014
31 Desember 2014 sebesar Rp5.681.326 (2013: amounting to Rp5,681,326 (2013: Rp3,807,029) were
Rp3.807.029) digunakan sebagai jaminan atas pinjaman used as collateral to borrowings (Note 24), amounting to
yang diterima (Catatan 24), sebesar Rp5.111.850 (2013: Rp5,111,850 (2013: Rp5,219,500) were used as collateral
Rp5.219.500) digunakan sebagai jaminan efek utang yang to debt securities issued (Note 23), and amounting to
diterbitkan (Catatan 23), dan sebesar Rp189.750 (2013: Rp189,750 (2013: Rp189,500) were used as collateral to
Rp189.500) digunakan sebagai jaminan sukuk sukuk mudharabah (Note 23).
mudharabah (Catatan 23).
PT Bank Commonwealth PT Bank Commonwealth
Berdasarkan perjanjian pembiayaan bersama pada Based on the joint financing agreement dated
tanggal 10 September 2014, ADMF dan PT Bank 10 September 2014, ADMF and PT Bank Commonwealth
Commonwealth setuju untuk melakukan kerjasama agreed to enter into a joint financing facility agreement for
pemberian fasilitas pembiayaan bersama kepada consumer financing. The portion of receivables financed
konsumen. Porsi pembiayaan PT Bank Commonwealth by PT Bank Commonwealth is at maximum of 99% of the
adalah maksimal sebesar 99% dari jumlah pembiayaan balance to be financed and the portion of receivables
dan porsi ADMF minimum sebesar 1% dari jumlah financed by ADMF is at minimum of 1% of the balance to
pembiayaan. Pada tanggal 31 Desember 2014, belum be financed. As of 31 December 2014, there is no
ada piutang pembiayaan konsumen yang dibiayai melalui consumer financing receivables financed from this joint
fasilitas pembiayaan bersama ini. financing facility.
Perubahan penyisihan kerugian penurunan nilai Movements of allowance for impairment losses
Perubahan penyisihan kerugian penurunan nilai adalah Movements of allowance for impairment losses are as
2014 2013

Kerugian penurunan nilai selama
tahun berjalan 1.748.490 1.269.623 Impairment loss during the year
Penghapusan piutang (1.544.814) (1.124.700) Receivables write off
Saldo akhir 1.117.447 913.771 Ending balance
Manajemen berpendapat bahwa jumlah penyisihan Management believes that the allowance for impairment
kerugian penurunan nilai atas piutang pembiayaan losses on consumer financing receivables is adequate.
konsumen telah memadai.
Piutang pembiayaan konsumen yang telah direstrukturisasi The restructured consumer financing receivables as of
pada tanggal-tanggal 31 Desember 2014 dan 2013 31 December 2014 and 2013 were Rp226,366 and
masing-masing sebesar Rp226.366 dan Rp96.456. Rp96,456, respectively.
Informasi mengenai klasifikasi dan nilai wajar piutang Information with regard to the classification and fair value
pembiayaan konsumen diungkapkan pada Catatan 50. of consumer financing receivables is disclosed in Note 50.


13. INVESTASI SEWA PEMBIAYAAN 13. INVESTMENT IN FINANCE LEASES
Catatan 49d. 49d.
2014 2013
Investasi sewa pembiayaan - bruto 2.453.951 1.904.426 Investment in finance leases - gross
Nilai residu yang terjamin 503.710 342.092 Guaranteed residual value
Pendapatan sewa pembiayaan
yang belum diakui (508.349) (393.385) Unearned financing lease income
Simpanan jaminan (503.710) (342.092) Security deposits
1.945.602 1.511.041
Dikurangi: Less:
1.916.659 1.496.861
Pada tanggal 31 Desember 2014, investasi sewa As of 31 December 2014, the gross investment in finance
pembiayaan bruto termasuk biaya transaksi yang terkait leases includes transaction costs directly attributable to
langsung dengan pemberian pembiayaan sewa masing- the origination of finance lease accounts amounting to
masing sebesar Rp43.515 (2013: Rp50.256) Rp43,515 (2013: Rp50,256) (Note 2.e.2).
(Catatan 2.e.2).
Angsuran investasi sewa pembiayaan - bruto yang akan The installments of investment in finance leases - gross,
diterima dari konsumen sesuai dengan tanggal jatuh which will be collected from consumers in accordance
temponya adalah sebagai berikut: with the due dates are as follows:
2014 2013
< 1 tahun 1.021.865 712.929 < 1 year

1 - 2 tahun 795.825 567.635 1 - 2 years
> 2 tahun 636.261 623.862 > 2 years
Jumlah investasi sewa pembiayaan - Total investment in finance leases -

bruto 2.453.951 1.904.426 gross
Suku bunga kontraktual setahun untuk investasi sewa Contractual interest rates per annum for investment in
pembiayaan adalah sebagai berikut: finance leases are as follows:
2014 2013
Mobil 15,89%-19,26% 14,00%-21,09% Cars

Motor 34,01%-44,68% 35,07%-40,07% Motorcycles
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum
pada tanggal 31 Desember 2014 adalah 17,21% untuk as of 31 December 2014 was 17.21% for cars (2013:
mobil (2013: 13,40%) dan 39,11% untuk sepeda motor 13.40%) and 39.11% for motorcycles as of 31 December
pada tanggal 31 Desember 2014 (2013: 34,43%). 2014 (2013: 34.43%).


13. INVESTASI SEWA PEMBIAYAAN (lanjutan) 13. INVESTMENT IN FINANCE LEASES (continued)
Pengelompokan investasi sewa pembiayaan - bruto Classification of investment in finance leases - gross
menurut jumlah hari tunggakan adalah sebagai berikut: based on days overdue is as follows:
2014 2013
Tidak ada tunggakan 1.976.097 1.650.064 No past due

1 - 90 hari 449.134 238.154 1 - 90 days
91 - 120 hari 10.474 7.394 91 - 120 days
121 - 180 hari 13.045 6.200 121 - 180 days
> 180 hari 5.201 2.614 > 180 days
Investasi sewa pembiayaan - bruto 2.453.951 1.904.426 Investment in finance leases - gross
Perubahan penyisihan kerugian penurunan nilai adalah The movements of allowance for impairment losses are
sebagai berikut: as follows:
2014 2013

Kerugian penurunan nilai
selama tahun berjalan 75.537 24.885 Impairment loss during the year
Penghapusan piutang (60.774) (12.838) Receivables written off
kerugian penurunan nilai yang dibentuk cukup untuk losses is adequate to cover possible losses arising from
menutup kerugian yang mungkin timbul akibat tidak uncollectible investment in finance leases.
tertagihnya investasi sewa pembiayaan.
Investasi sewa pembiayaan dievaluasi untuk penurunan Investment in finance leases is evaluated for impairment
nilai atas dasar seperti yang dijelaskan pada Catatan 2o. on a basis described in Note 2o.
Pada saat perjanjian sewa pembiayaan dimulai, lessee At the time of execution of the finance leases contracts,
memberikan simpanan jaminan. Simpanan jaminan ini the lessee pays the security deposits. The security
akan digunakan sebagai pembayaran pada akhir masa deposits are used as the final installment at the end of the
sewa pembiayaan, bila hak opsi dilaksanakan lessee. finance lease period, if the lessee exercises the option to
Apabila lessee tidak melaksanakan hak opsinya untuk purchase the leased asset. If the lessee does not
membeli aset sewa pembiayaan tersebut maka simpanan exercise the purchase option, the security deposit will be
jaminan dikembalikan kepada lessee sepanjang returned to the lessee as long as it meets the conditions
memenuhi ketentuan dalam perjanjian sewa pembiayaan in the finance lease agreement with option right.
dengan hak opsi.
Informasi mengenai klasifikasi dan nilai wajar investasi Information with respect to the classification and fair value
sewa pembiayaan diungkapkan pada Catatan 50. of investment in finance leases is disclosed in Note 50.


14. TAGIHAN AKSEPTASI 14. ACCEPTANCES RECEIVABLE
Tagihan akseptasi yang merupakan pihak berelasi Acceptances receivable from related parties are disclosed
diungkapkan pada Catatan 46. Informasi mengenai jatuh in Note 46. Information in respect of maturities is
tempo diungkapkan pada Catatan 49d. disclosed in Note 49d.
a. Berdasarkan pihak dan mata uang a. By party and currency
2014 2013
Rupiah Rupiah
- Bank lain 9.774 318 Other banks -
- Debitur 36.107 65.442 Debtors -
45.881 65.760

- Bank lain 13.986 1.168 Other banks -
- Debitur 7.507.176 4.040.633 Debtors -
7.521.162 4.041.801
Jumlah 7.567.043 4.107.561 Total

- Pihak berelasi 199 - Related parties -
7.567.043 4.107.561
b. Berdasarkan jatuh tempo b. By maturity
2014 2013
Rupiah Rupiah
- Kurang dari 1 bulan 18.268 65.442 Less than 1 month -
- 1 - 3 bulan 24.258 318 1 - 3 months -
- > 3 - 6 bulan 3.355 - > 3 - 6 months -
45.881 65.760

- 1 - 3 bulan 3.017.112 4.040.633 1 - 3 months -
- > 3 - 6 bulan 2.386.248 - > 3 - 6 months -
- > 6 - 12 bulan 1.238.500 - > 6 - 12 months -
7.521.162 4.041.801
Jumlah 7.567.043 4.107.561 Total


14. TAGIHAN AKSEPTASI (lanjutan) 14. ACCEPTANCES RECEIVABLE (continued)
c. Berdasarkan kolektibilitas BI c. By BI collectibility
Berdasarkan peraturan BI yang berlaku, seluruh Based on the prevailing BI regulation, all
tagihan akseptasi pada tanggal-tanggal 31 Desember acceptances receivable as of 31 December 2014
2014 dan 2013 digolongkan sebagai lancar. and 2013 are classified as current.
Tagihan akseptasi dalam mata uang asing terdiri dari Dolar Acceptances receivable in foreign currencies are
Amerika Serikat, Euro Eropa, dan Yen Jepang denominated in United States Dollar, European Euro, and
(Catatan 54). Japanese Yen (Note 54).
Informasi mengenai klasifikasi dan nilai wajar tagihan Information with regard to the classification and fair value
akseptasi diungkapkan pada Catatan 50. of acceptances receivable is disclosed in Note 50.
15. OBLIGASI PEMERINTAH 15. GOVERNMENT BONDS
Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in
Catatan 49d. Note 49d.
a. Berdasarkan jenis a. By type
2014 2013
Nilai
Nilai tercatat/ nominal/ Nilai tercatat/
Nilai nominal/ Carrying Nominal Carrying
Nominal value value value value
Tersedia untuk dijual Available-for-sale

(nilai wajar) (fair value)
- Suku bunga tetap 2.970.499 2.983.644 2.580.885 2.536.281 Fixed interest rate -
- Suku bunga mengambang 2.935.220 2.918.589 2.935.220 2.935.220 Floating interest rate -
5.905.719 5.902.233 5.516.105 5.471.501

Diperdagangkan Trading
(nilai wajar) (fair value)
- Suku bunga tetap 714.515 702.774 127.596 126.788 Fixed interest rate -
Jumlah 6.620.234 6.605.007 5.643.701 5.598.289 Total
Pada tanggal-tanggal 31 Desember 2014 dan 2013, As of 31 December 2014 and 2013, included in the
termasuk dalam Obligasi Pemerintah dalam kelompok available-for-sale Government Bonds with nominal
tersedia untuk dijual dengan nilai nominal sejumlah value of Rp937,500 are bonds sold under
Rp937.500 yaitu obligasi yang dijual dengan janji repurchase agreements. The corresponding liability
dibeli kembali. Liabilitas atas pembelian kembali in relation to this agreement together with
Obligasi Pemerintah dan efek-efek lainnya sebesar repurchase agreement for other marketable
Rp750.000 (2013: Rp759.245) disajikan pada akun securities of Rp750,000 (2013: Rp759,245) is
efek yang dijual dengan janji dibeli kembali. pada presented under the account securities sold under
tanggal-tanggal 31 Desember 2014 dan 2013, repurchase agreements. The liability in relation to the
liabilitas atas pembelian kembali Obligasi Pemerintah repurchase agreements of Government Bonds as of
akan jatuh tempo pada tanggal 23 April 2015, 31 December 2014 and 2013 will mature on 23 April
sementara Obligasi Pemerintah itu sendiri akan jatuh 2015 whereas the related Government Bonds will
tempo pada tanggal 25 April 2015. mature on 25 April 2013.


15. OBLIGASI PEMERINTAH (lanjutan) 15. GOVERNMENT BONDS (continued)
a. Berdasarkan jenis (lanjutan) a. By type (continued)
atas Obligasi Pemerintah dalam Rupiah dan mata annum for the year ended 31 December 2014 for
uang asing untuk tahun yang berakhir pada tanggal Government Bonds in Rupiah and foreign
31 Desember 2014 adalah masing-masing 5,85% currencies was 5.85% and 3.31%, respectively
dan 3,31% (2013: 5,07% dan 2,72%). (2013: 5.07% and 2.72%).
Obligasi Pemerintah dengan nilai nominal setara Government Bonds with total nominal value
dengan Rp46.830.541 telah dijual selama tahun equivalent to Rp46,830,541 were sold during the
yang berakhir pada tanggal 31 Desember 2014 year ended 31 December 2014 (2013:
(2013: Rp24.601.733) pada harga yang berkisar Rp24,601,733) at prices ranging from 76.00% -
antara 76,00% - 138,10% dari nilai nominal (2013: 138.10% of nominal value (2013: 75.20% -
75,20% - 147,80%). Sementara itu, Obligasi 147.80%). Meanwhile, Government Bonds with total
Pemerintah dengan nilai nominal setara dengan nominal value equivalent to Rp49,699,394 were
Rp49.699.394 telah dibeli selama tahun yang purchased during the year ended 31 December 2014
berakhir pada tanggal 31 Desember 2014 (2013: (2013: Rp26,179,875) at prices ranging from 74.00%
Rp26.179.875) pada harga yang berkisar antara - 138.05% of nominal value (2013: 74.75% -
74,00% - 138,05% dari nilai nominal (2013: 74,75% - 147.75%).
147,75%).
Selama tahun yang berakhir pada tanggal During the year ended 31 December 2014,
31 Desember 2014, keuntungan neto yang belum unrealized net gains arising from changes in fair
direalisasi atas perubahan nilai wajar Obligasi value of Government Bonds classified as trading
Pemerintah dalam klasifikasi diperdagangkan diakui securities are recorded in the consolidated statement
pada laporan laba rugi komprehensif konsolidasian of comprehensive income amounting to Rp3,851
sebesar Rp3.851 (2013: kerugian neto sebesar (2013: net losses of Rp303).
Rp303).
Pada tanggal 31 Desember 2014, akumulasi As of 31 December 2014, accumulated unrealized

kerugian yang belum direalisasi atas perubahan nilai losses arising from changes in fair value of
wajar Obligasi Pemerintah dalam klasifikasi tersedia Government Bonds classified as available-for-sale
untuk dijual yang dicatat sebagai komponen ekuitas securities recorded as other equity components, after
lainnya, setelah pajak tangguhan, sebesar Rp53.124 deferred tax, amounted to Rp53,124 (2013:
(2013: Rp93.476). Rp93,476).
Bank dan Entitas Anak mengakui keuntungan neto The Bank and Subsidiaries recognized net gains
atas penjualan Obligasi Pemerintah sejumlah from the sale of Government Bonds amounting to
Rp36.727 selama tahun yang berakhir pada tanggal Rp36,727 during the year ended 31 December 2014
31 Desember 2014 (2013: kerugian neto sebesar (2013: net losses amounting to Rp4,781).
Rp4.781).
b. Berdasarkan mata uang b. By currency
2014 2013
Rupiah 5.957.945 5.130.127 Rupiah

Dolar Amerika Serikat United States Dollar
(Catatan 54) 647.062 468.162 (Note 54)
6.605.007 5.598.289


c. Berdasarkan jatuh tempo c. By maturity
Jenis Bunga/ Nilai tercatat/nilai wajar/

Seri Obligasi/ Jatuh tempo/ Periode pembayaran kupon/ Type of Carrying value/fair value
Bonds Series Maturity Period of coupon payment Interest rate 2014 2013
FR26 15 Okt./Oct. 2014 Semesteran/Semi Annually Tetap/Fixed - 73.427
FR27 15 Jun./Jun. 2015 Semesteran/Semi Annually Tetap/Fixed 76.911 112.747
FR38 15 Ags./Aug. 2018 Semesteran/Semi Annually Tetap/Fixed 10 10
FR43 15 Jul./Jul. 2022 Semesteran/Semi Annually Tetap/Fixed 210 203
FR44 15 Sep./Sep. 2024 Semesteran/Semi Annually Tetap/Fixed 505 483
FR48 15 Sep./Sep. 2018 Semesteran/Semi Annually Tetap/Fixed 484 482
FR55 15 Sep./Sep. 2016 Semesteran/Semi Annually Tetap/Fixed 437.523 433.007
FR60 15 Apr./Apr. 2017 Semesteran/Semi Annually Tetap/Fixed 136.247 133.203
FR63 15 Mei/May 2023 Semesteran/Semi Annually Tetap/Fixed - 59.700
FR64 15 Mei/May 2028 Semesteran/Semi Annually Tetap/Fixed 400 -
FR65 15 Mei/May 2033 Semesteran/Semi Annually Tetap/Fixed 3.060 1.074
FR66 15 Mei/May 2018 Semesteran/Semi Annually Tetap/Fixed 151 4.200
FR68 15 Mar./Mar. 2034 Semesteran/Semi Annually Tetap/Fixed 21.559 1.188
FR69 15 Apr./Apr. 2019 Semesteran/Semi Annually Tetap/Fixed 283.758 89.231
FR70 15 Mar./Mar. 2024 Semesteran/Semi Annually Tetap/Fixed 96.946 60.648
FR71 15 Mar./Mar. 2029 Semesteran/Semi Annually Tetap/Fixed 685 453
RI0015 20 Apr./Apr. 2015 Semesteran/Semi Annually Tetap/Fixed 312.771 92.072
RI0016 15 Jan./Jan. 2016 Semesteran/Semi Annually Tetap/Fixed 132.620 26.774
RI0423 15 Apr./Apr. 2023 Semesteran/Semi Annually Tetap/Fixed 35.233 31.135
RI140504 4 Mei/May 2014 Semesteran/Semi Annually Tetap/Fixed - 96.918
RI0014 10 Mar./Mar. 2014 Semesteran/Semi Annually Tetap/Fixed - 37.877
RI0017 9 Mar./Mar. 2017 Semesteran/Semi Annually Tetap/Fixed 13.656 -
USDFR0001 15 Mei/May 2017 Semesteran/Semi Annually Tetap/Fixed 152.781 146.770
SNI14 23 Apr./Apr. 2014 Semesteran/Semi Annually Tetap/Fixed - 36.616
ORI8 15 Okt./Oct. 2014 Bulanan/Monthly Tetap/Fixed - 239.137
ORI9 15 Okt./Oct. 2015 Bulanan/Monthly Tetap/Fixed 112.353 62.454
ORI10 15 Okt./Oct. 2016 Bulanan/Monthly Tetap/Fixed 265.268 163.587
ORI11 15 Okt./Oct. 2017 Bulanan/Monthly Tetap/Fixed 577.252 -
SR04 21 Sep./Sep. 2015 Bulanan/Monthly Tetap/Fixed 115.220 87.030
SR05 27 Feb./Feb. 2016 Bulanan/Monthly Tetap/Fixed 16.085 2.182
SR06 5 Mar./Mar. 2017 Bulanan/Monthly Tetap/Fixed 10.383 -
SPN-85 3 Jul./Jul. 2014 N/A Tetap/Fixed - 574.392
SPN-87 31 Jul./Jul. 2014 N/A Tetap/Fixed - 96.069
SPN-95 8 Jan./Jan. 2015 N/A Tetap/Fixed 99.965 -
SPN-97 6 Feb./Feb. 2015 N/A Tetap/Fixed 453 -
SPN-99 5 Mar./Mar. 2015 N/A Tetap/Fixed 89.087 -
SPN-103 11 Jun./Jun. 2015 N/A Tetap/Fixed 218.781 -
SPN-104 10 Jul./Jul. 2015 N/A Tetap/Fixed 154.746 -
SPN-105 06 Agt./Aug. 2015 N/A Tetap/Fixed 176.416 -
SPN-107 03 Sep./Sep. 2015 N/A Tetap/Fixed 49.688 -
SPN-109 01 Okt./Oct. 2015 N/A Tetap/Fixed 95.211 -
Mengambang/
VR20 25 Apr./Apr. 2015 Triwulanan/Quarterly
Floating 2.284.432 2.295.220
Mengambang/
VR21 25 Nov./Nov. 2015 Triwulanan/Quarterly
Floating 634.157 640.000
6.605.007 5.598.289


d. Program reprofiling d. Reprofiling program
Pada tanggal 25 Februari 2003, Pemerintah On 25 February 2003, the Government of Indonesia
Indonesia melaksanakan program reprofiling Obligasi launched a reprofiling program of Government Bonds
Pemerintah dengan menarik dan menyatakan lunas by withdrawing and declaring settlement of certain
Obligasi Pemerintah tertentu. Sebagai pengganti Government Bonds. The Ministry of Finance of the
Obligasi Pemerintah yang dilunasi tersebut, Republic of Indonesia issued new Government Bonds
Departemen Keuangan Republik Indonesia to replace the settled Government Bonds.
menerbitkan Obligasi Pemerintah baru.
Berdasarkan program ini, Obligasi Pemerintah milik Under this program, the Banks Government Bonds
Bank sebesar Rp7.800.000 (nilai nominal) dengan amounting to Rp7,800,000 (nominal value) with
masa jatuh tempo pada awalnya berkisar antara 2007 original maturity between 2007 - 2009 were withdrawn
- 2009 telah ditarik dan diganti dengan Obligasi and replaced by new Government Bonds, with the
Pemerintah baru, yang memiliki jenis dan nilai same type and nominal amount and maturity between
nominal yang sama dan masa jatuh tempo antara 2014 - 2015. The outstanding balance of government
2014 - 2015. Saldo obligasi pemerintah yang berasal bonds from reprofiling program as of 31 December
dari program reprofiling pada tanggal-tanggal 2014 and 2013 amounted to Rp2,935,220 and
31 Desember 2014 dan 2013 adalah masing-masing Rp2,935,220 (nominal value), respectively.
sebesar Rp2.935.220 dan Rp2.935.220 (nilai
nominal).
e. Perubahan kerugian yang belum direalisasi e. Movements of unrealized losses
Perubahan kerugian yang belum direalisasi atas Movements of unrealized losses for available-for-sale
Obligasi Pemerintah dalam kelompok tersedia dijual Government Bonds are as follows:
adalah sebagai berikut:
2014 2013
Saldo awal - sebelum pajak Beginning balance -

penghasilan tangguhan (106.052) (28.384) before deferred income tax
Penambahan keuntungan/
(kerugian) yang belum
direalisasi selama tahun Additional unrealized gains/
berjalan - neto 58.075 (74.060) (losses) during the year - net
Keuntungan yang direalisasi
atas penjualan Obligasi Realized gains from
Pemerintah selama sale of Government Bonds
tahun berjalan -neto (11.258) (3.608) during the year - net
penghasilan tangguhan (59.235) (106.052) Total before deferred income tax
Saldo akhir - neto (53.124) (93.476) Ending balance - net
Informasi mengenai klasifikasi dan nilai wajar Obligasi Information with regard to the classification and fair value
Pemerintah diungkapkan pada Catatan 50. of Government Bonds was disclosed in Note 50.


16. INVESTASI DALAM SAHAM 16. INVESTMENTS IN SHARES
Pada tanggal-tanggal 31 Desember 2014 dan 2013, As of 31 December 2014 and 2013, investments in
investasi dalam saham adalah sebesar Rp157.579 dan shares amounted to Rp157,579 and Rp12,175.
Rp12.175.
Berdasarkan ketentuan Bank Indonesia yang berlaku, Based on prevailing Bank Indonesia regulation,
investasi dalam saham pada tanggal-tanggal 31 Desember investments in shares as of 31 December 2014 and
2014 dan 2013 digolongkan sebagai lancar. 2013 are classified as current.
Informasi mengenai klasifikasi dan nilai wajar investasi Information with regard to the classification and fair value
dalam saham diungkapkan pada Catatan 50. of investments in shares is disclosed in Note 50.
Investasi dalam saham pada tanggal-tanggal 31 Desember The investments in shares as of 31 December 2014 and
2014 dan 2013 mencakup: 2013 included:
2014 2013
Persentase Persentase
kepemilikan/ Nilai tercatat/ kepemilikan/ Nilai tercatat/
Nama perusahaan/ Kegiatan usaha/ Percentage of Carrying Percentage of Carrying
Companys name Business activity ownership value ownership value
PT Bank Woori Saudara
Indonesia 1906 Tbk
(d/h PT Bank Woori
Indonesia) Bank/Banking 2,75% 153.604 4,81% 8.200
PT Bank Chinatrust
Indonesia Bank/Banking 1,00% 1.500 1,00% 1.500
Usaha Patungan,
Telekomunikasi/Joint
Lain-lain/Others Venture, Telecommunication 0,24%-4,21% 2.475 0,24% - 4,21% 2.475
157.579 12.175
Perubahan keuntungan yang belum direalisasi Movements of unrealized gains
Perubahan keuntungan yang belum direalisasi atas Movements of unrealized gains for available-for-sale
investasi dalam saham dalam kelompok tersedia dijual investments in shares are as follows:
adalah sebagai berikut:
2014 2013
Saldo awal - sebelum pajak Beginning balance

penghasilan tangguhan - - before deferred income tax
Keuntungan yang belum
direalisasi selama Unrealized gains
tahun berjalan - neto 145.404 - during the year - net
penghasilan tangguhan 145.404 - Total before deferred income tax
Pajak penghasilan tangguhan - - Deferred income tax
Saldo akhir - neto 145.404 - Ending balance - net


17. ASET TAKBERWUJUD 17. INTANGIBLE ASSETS
2014
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December
Harga perolehan Cost

Perangkat lunak 1.083.606 133.422 (6.618) 1.210.410 Software
Goodwill 1.906.684 - - 1.906.684 Goodwill
2.990.290 133.422 (6.618) 3.117.094
Accumulated
Akumulasi amortisasi amortization
Perangkat lunak 779.713 138.018 (32) 917.699 Software
Goodwill 832.151 - - 832.151 Goodwill
1.611.864 138.018* (32) 1.749.850
Nilai buku neto 1.378.426 1.367.244 Net book value
2013
1 Januari/ Penambahan/ Pengurangan/ 31 Desember/
January Additions Disposals December

Perangkat lunak 1.007.964 79.596 (3.954) 1.083.606 Software
Goodwill 1.906.684 - - 1.906.684 Goodwill
2.914.648 79.596 (3.954) 2.990.290
Accumulated
Akumulasi amortisasi amortization
Perangkat lunak 642.926 140.706 (3.919) 779.713 Software
Goodwill 832.151 - - 832.151 Goodwill
1.475.077 140.706 (3.919) 1.611.864
Pada tanggal 31 Desember 2014, Bank dan Entitas Anak As of 31 December 2014, the Bank and Subsidiaries had
memiliki aset takberwujud dengan jumlah biaya perolehan fully amortized intangible assets but still being used with
sebesar Rp490.699 yang telah diamortisasi secara penuh cost amounting to Rp490,699 (2013: Rp406,913).
tetapi masih digunakan (2013: Rp406.913).
Harga perolehan goodwill pada tanggal 31 Desember The cost of goodwill as of 31 December 2014, after
2014, setelah penyesuaian dengan akumulasi amortisasi adjusting with accumulated amortization of goodwill as of
goodwill pada tanggal 1 Januari 2011 (Catatan 2t) adalah 1 January 2011 (Note 2t) amounted to Rp1,074,533.
sebesar Rp1.074.533.
Nilai tercatat goodwill seluruhnya dialokasikan ke bisnis The carrying amount of goodwill was all allocated to the
unit bisnis retail. Tidak ada kerugian penurunan nilai retail business unit. No impairment losses on goodwill
goodwill yang diakui selama tahun yang berakhir pada were recognized for the years ended
tanggal-tanggal 31 Desember 2014 dan 2013. 31 December 2014 and 2013.
* Terdapat bagian yang dibukukan sebagai biaya transformasi bisnis * Include part of business transformation expense (Note 41)
(Catatan 41)


18. ASET TETAP 18. FIXED ASSETS
2014
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December

Tanah 545.608 148.518 - 15.175 709.301 Land
Bangunan 690.836 98.655 (2.804) 7.798 794.485 Buildings
Perlengkapan kantor 2.279.267 204.570 (23.756) 1.240 2.461.321 Office equipment
Kendaraan bermotor 886.856 175.305 (150.722) 5.281 916.720 Motor vehicles
4.402.567 627.048 (177.282) 29.494 4.881.827
Aset dalam Construction in
penyelesaian 184.854 100.102 - (29.494) 255.462 progress
4.587.421 727.150 (177.282) - 5.137.289
Accumulated
Akumulasi penyusutan depreciation
Bangunan 334.601 49.613 (2.767) - 381.447 Buildings
Perlengkapan kantor 1.538.002 308.931 (4.824) - 1.842.109 Office equipment
Kendaraan bermotor 330.825 181.836 (88.788) - 423.873 Motor vehicles
2.203.428 540.380** (96.379) - 2.647.429
2013*
1 Januari/ Penambahan/ Pengurangan/ Reklasifikasi/ 31 Desember/
January Additions Disposals Reclassification December

Tanah 481.096 18.303 - 46.209 545.608 Land
Bangunan 569.206 34.833 (8.043) 94.840 690.836 Buildings
Perlengkapan kantor 2.046.216 281.921 (62.670) 13.800 2.279.267 Office equipment
Kendaraan bermotor 797.205 288.532 (203.172) 4.291 886.856 Motor vehicles
3.893.723 623.589 (273.885) 159.140 4.402.567
Aset dalam Construction in
penyelesaian 159.893 184.101 - (159.140) 184.854 progress
4.053.616 807.690 (273.885) - 4.587.421
Accumulated
Akumulasi penyusutan depreciation
Bangunan 301.936 40.050 (7.385) - 334.601 Buildings
Perlengkapan kantor 1.305.147 292.472 (59.617) - 1.538.002 Office equipment
Kendaraan bermotor 305.329 167.080 (141.584) - 330.825 Motor vehicles
1.912.412 499.602 (208.586) - 2.203.428
Manajemen berpendapat bahwa tidak terdapat indikasi Management believes that there is no indication of
terjadinya penurunan nilai permanen aset tetap. permanent impairment in the value of fixed assets.
* Direklasifikasi (Catatan 57) * As reclassified (Note 57)

** Terdapat bagian yang dibukukan sebagai biaya transformasi bisnis ** Include part of business transformation expense (Note 41)
(Catatan 41)


18. ASET TETAP (lanjutan) 18. FIXED ASSETS (continued)
Termasuk dalam pengurangan aset tetap merupakan Fixed assets disposal includes sales of assets with
penjualan aset dengan rincian sebagai berikut: details as follows:
2014 2013
Hasil penjualan 83.962 67.367 Proceeds from sale

Nilai buku (80.903) (64.149) Net book value
Keuntungan penjualan Gain on sale

(Catatan 40 dan 41) 3.059 3.218 (Notes 40 and 41)
Pada tanggal 31 Desember 2014, aset tetap, kecuali As of 31 December 2014, fixed assets, except for land,
tanah, telah diasuransikan terhadap risiko kerugian are insured against losses arising from fire, flood, and
kebakaran, kebanjiran, dan risiko lainnya dengan nilai other risks with a total insurance coverage amounting to
pertanggungan sejumlah Rp5.774.868 (2013: Rp5,774,868 (2013: Rp5,760,120). Management believes
Rp5.760.120). Manajemen berpendapat bahwa nilai that the insurance coverage is adequate.
pertanggungan tersebut sudah memadai.
Pada tanggal-tanggal 31 Desember 2014 dan 2013, As of 31 December 2014 and 2013, all fixed assets are
semua aset tetap dimiliki secara langsung. directly owned.
Pada tanggal 31 Desember 2014, aset dalam As of 31 December 2014, construction in progress is
penyelesaian adalah terutama gedung, dimana estimasi mainly buildings, whereby the estimated percentage of
persentase penyelesaiannya adalah sekitar 75% dan completion is 75%, which is estimated to be completed in
diperkirakan akan selesai pada Juli 2015. July 2015.
Pada tanggal 31 Desember 2014, Bank dan Entitas Anak As of 31 December 2014, the Bank and Subsidiaries had
memiliki aset tetap dengan jumlah biaya perolehan fully depreciated fixed assets but still being used with cost
sebesar Rp1.207.355 yang telah disusutkan secara penuh amounting to Rp1,207,355 (2013: Rp968,248).
tetapi masih digunakan (2013: Rp968.248).


19. BEBAN DIBAYAR DIMUKA DAN ASET LAIN-LAIN 19. PREPAYMENTS AND OTHER ASSETS
Beban dibayar dimuka dan aset lain-lain atas pihak Prepayments and other assets with related parties are
berelasi diungkapkan pada Catatan 46. Informasi disclosed in Note 46. Information in respect of maturity is
mengenai jatuh tempo diungkapkan pada Catatan 49d. disclosed in Note 49d.
2014 2013*
Piutang bunga 878.139 796.280 Interest receivables

Setoran jaminan dan beban dibayar Security deposits and
dimuka 802.773 1.085.527 prepaid expenses
Uang muka lain-lain 220.448 313.836 Other advances
Aset lain-lain - pinjaman Other assets - subordinated
subordinasi dan modal pinjaman loans and loan capital
Beban tangguhan - neto 65.901 56.378 Deferred expenses - net
Receivables from credit
Tagihan transaksi kartu kredit 44.620 108.023 card transactions
Aset tetap yang tidak digunakan 18.165 17.476 Idle properties
Receivables from sales of
Piutang atas penjualan efek-efek 12.303 1.308 marketable securities
Agunan yang diambil alih 3.318 6.883 Foreclosed assets
Dana setoran kliring Bank Deposits for clearing transactions
Indonesia 230 938 with Bank Indonesia
Aset lain-lain atas transaksi derivatif Other assets for unwound derivative
yang dibatalkan (Catatan 10) - 88.240 transactions (Note 10)
Lain-lain 350.276 260.257 Others
2.551.173 3.014.466
Dikurangi: Less:
2.526.558 2.971.364

- Pihak berelasi 23.968 286 Related parties -
2.526.558 2.971.364
Saldo di atas terdiri dari beban dibayar dimuka dan aset The above balance consists of prepayments and other
lain-lain dalam Rupiah dan mata uang asing masing- assets in Rupiah and foreign currencies of
masing sebesar Rp2.479.485 dan Rp71.688 (2013: Rp2,479,485 and Rp71,688 (2013: Rp2,921,201 and
Rp2.921.201 dan Rp93.265). Rp93,265), respectively.
Beban dibayar dimuka dan aset lain-lain dalam mata uang Prepayments and other assets in foreign currencies are
asing terutama terdiri dari Dolar Amerika Serikat, Dolar mainly denominated in United States Dollar, Australian
Australia, dan Dolar Singapura (Catatan 54). Dollar, and Singapore Dollar (Note 54).
* Direklasifikasi (Catatan 57) * As reclassified (Note 57)


19. BEBAN DIBAYAR DIMUKA DAN ASET LAIN-LAIN 19. PREPAYMENTS AND OTHER ASSETS (continued)
(lanjutan)
Informasi mengenai klasifikasi dan nilai wajar aset lain-lain Information with regard to the classification and fair value
yang merupakan aset keuangan diungkapkan pada of other assets which are financial assets is disclosed in
Catatan 50. Note 50.
Setoran jaminan dan beban dibayar dimuka Security deposits and prepaid expenses
Termasuk dalam akun ini adalah setoran jaminan sebesar Included in these accounts are pledged security deposits
Rp40.533 (2013: Rp41.287) dan beban sewa dan of Rp40,533 (2013: Rp41,287) and prepaid rent and
pemeliharaan dibayar dimuka sebesar Rp627.371 (2013: maintenance of Rp627,371 (2013: Rp684,862).
Rp684.862).
Piutang bunga Interest receivables
Termasuk dalam piutang bunga adalah piutang bunga Included in interest receivables is interest receivable from
Obligasi Pemerintah sebesar Rp54.262 untuk mata uang Government Bonds of Rp54,262 for Rupiah and Rp9,917
Rupiah dan Rp9.917 untuk mata uang asing (2013: for foreign currency (2013: Rp42,949 for Rupiah and
Rp42.949 untuk mata uang Rupiah dan Rp5.924 untuk Rp5,924 for foreign currency).
mata uang asing).
Agunan yang diambil alih Foreclosed assets
Agunan yang diambil alih terutama terdiri dari tanah dan Foreclosed assets mainly consist of land and buildings.
bangunan.
Penyisihan kerugian penurunan nilai aset lain-lain Allowance for impairment losses of other assets
Perubahan penyisihan kerugian penurunan nilai aset lain- Movements of allowance for impairment losses of other
lain: assets:
2014 2013

Pengurangan selama tahun berjalan (3.198) (13.980) Reversal during the year
tahun berjalan (15.300) - Write offs during the year
Selisih kurs 11 93 Foreign exchange differences
kerugian penurunan nilai atas aset lain-lain telah memadai. losses on other assets is adequate.


20. SIMPANAN NASABAH 20. DEPOSITS FROM CUSTOMERS
Simpanan dari pihak berelasi diungkapkan pada Catatan Deposits from related parties are disclosed in Note 46.
46. Informasi mengenai jatuh tempo diungkapkan pada Information in respect of maturities is disclosed in
Catatan 49d. Note 49d.
2014 2013
Rupiah Rupiah
88.938.091 85.668.065
27.557.133 23.493.117
116.495.224 109.161.182
116.495.224 109.161.182
Berdasarkan Undang-undang No. 24 tanggal Based on Law No. 24 dated 22 September 2004,
22 September 2004, efektif sejak tanggal effective on 22 September 2005, the Deposit
22 September 2005, Lembaga Penjaminan Simpanan Insurance Agency (DIA) was established to
(LPS) dibentuk untuk menjamin kewajiban tertentu guarantee certain liabilities of commercial banks
bank-bank umum berdasarkan program penjaminan under the prevailing guarantee program.
yang berlaku.
Sesuai dengan Peraturan Pemerintah No. 66 Tahun Based on Government Regulation No. 66 year 2008
2008 tanggal 13 Oktober 2008 tentang Besaran Nilai dated 13 October 2008 regarding The Savings
Simpanan yang Dijamin Lembaga Penjamin Amount Guaranteed by the Deposit Insurance
Simpanan maka nilai simpanan setiap nasabah pada Agency the savings amount for each customer in a
satu bank yang dijamin oleh Pemerintah naik dari bank which is guaranteed by the Government has
Rp100 juta menjadi Rp2 miliar, efektif sejak tanggal increased from Rp100 million to Rp2 billion, effective
tersebut di atas. on the date stated above.
Simpanan nasabah dalam mata uang asing terutama Deposits from customers in foreign currencies are
terdiri dari Dolar Amerika Serikat, Dolar Australia, mainly denominated in United States Dollar,
Dolar Singapura, Euro Eropa, Yen Jepang, dan Australian Dollar, Singapore Dollar, European Euro,
Poundsterling Inggris (Catatan 54). Japanese Yen, and Great Britain Poundsterling
(Note 54).


20. SIMPANAN NASABAH (lanjutan) 20. DEPOSITS FROM CUSTOMERS (continued)
b. Suku bunga efektif rata-rata tertimbang per tahun b. The weighted average effective interest rates per
2014 2013
- Giro 2,65% 2,56% Current accounts -

- Tabungan 3,16% 2,76% Savings -
- Deposito berjangka 7,94% 6,21% Time deposits -
c. Simpanan yang diblokir dan dijadikan jaminan atas c. Amounts blocked and pledged as loan
pinjaman yang diberikan collaterals
2014 2013
- Simpanan nasabah 3.177.761 3.048.815 Deposits from customers -
Informasi mengenai klasifikasi dan nilai wajar simpanan Information with regard to the classification and fair value
nasabah diungkapkan pada Catatan 50. of deposits from customers is disclosed in Note 50.
21. SIMPANAN DARI BANK LAIN 21. DEPOSITS FROM OTHER BANKS
Simpanan dari bank lain yang merupakan pihak berelasi Deposits from other banks which are related parties are
diungkapkan pada Catatan 46. Informasi mengenai jatuh disclosed in Note 46. Information in respect of maturities
tempo diungkapkan pada Catatan 49d. is disclosed in Note 49d.
2014 2013
Rupiah Rupiah
- Deposito dan deposits on call 312.746 118.898 Deposits and deposits on call -
- Call money 595.000 50.000 Call money -
- Tabungan 185.246 167.967 Savings -
2.406.910 1.695.082
Mata uang asing Foreign currency

- Giro 18.850 96 Current accounts -
2.425.760 1.695.178

- Pihak berelasi 3.034 - Related parties -
2.425.760 1.695.178
Simpanan dari bank lain dalam mata uang asing Deposits from other banks in foreign currency are
terdiri dari Dolar Amerika Serikat (Catatan 54). denominated in United States Dollar (Note 54).


21. SIMPANAN DARI BANK LAIN (lanjutan) 21. DEPOSITS FROM OTHER BANKS (continued)
b. Suku bunga efektif rata-rata tertimbang per tahun b. The weighted average effective interest rates per
2014 2013
- Giro 5,47% 4,74% Current accounts -

- Tabungan 4,30% 3,51% Savings -
- Deposito dan deposits on call 7,16% 5,57% Deposits and deposits on call -
- Call money - Rupiah 6,22% 5,21% Call money - Rupiah -
- Call money - mata uang asing 4,82% 2,00% Call money - foreign currency -
Informasi mengenai klasifikasi dan nilai wajar simpanan Information with regard to the classification and fair value
dari bank lain diungkapkan pada Catatan 50. of deposits from other banks is disclosed in Note 50.
22. UTANG AKSEPTASI 22. ACCEPTANCES PAYABLE
Utang akseptasi yang merupakan pihak berelasi Acceptances payable to related parties are disclosed in
diungkapkan pada Catatan 46. Informasi mengenai jatuh Note 46. Information in respect of maturities is disclosed
tempo diungkapkan pada Catatan 49d. in Note 49d.
a. Berdasarkan pihak dan mata uang a. By party and currency
2014 2013
Rupiah Rupiah
- Bank lain 23.528 54.127 Other banks -
33.302 61.581

- Bank lain 7.507.176 4.037.547 Other banks -
7.521.162 4.041.801
Jumlah 7.554.464 4.103.382 Total

- Pihak berelasi 820.841 - Related parties -
7.554.464 4.103.382


22. UTANG AKSEPTASI (lanjutan) 22. ACCEPTANCES PAYABLE (continued)
b. Berdasarkan jatuh tempo b. By maturity
2014 2013
Rupiah Rupiah
- 1 - 3 bulan 20.565 - 1 - 3 months -
- > 3 - 6 bulan 620 - > 3 - 6 months -
33.302 61.581

- Kurang dari 1 bulan 879.302 - Less than 1 month -
- 1 - 3 bulan 3.017.112 4.041.801 1 - 3 months -
- > 3 - 6 bulan 2.386.248 - > 3 - 6 months -
- > 6 - 12 bulan 1.238.500 - > 6 - 12 months -
7.521.162 4.041.801
Jumlah 7.554.464 4.103.382 Total
Utang akseptasi dalam mata uang asing terdiri dari Dolar Acceptances payable in foreign currencies are
Amerika Serikat, Euro Eropa, dan Yen Jepang denominated in United States Dollar, European Euro, and
(Catatan 54). Japanese Yen (Note 54).
Informasi mengenai klasifikasi dan nilai wajar utang Information with regard to the classification and fair value
akseptasi diungkapkan pada Catatan 50. of acceptances payable is disclosed in Note 50.
23. EFEK YANG DITERBITKAN 23. SECURITIES ISSUED
Lihat Catatan 46 untuk rincian saldo dan transaksi dengan Refer to Note 46 for details of balances and transactions
pihak berelasi. with related parties.
Catatan 49d. 49d.
2014 2013
Bank 919.972 918.968 Bank

Entitas Anak 10.972.958 11.203.056 Subsidiary
11.892.930 12.122.024
Informasi mengenai klasifikasi dan nilai wajar efek yang Information with regard to the classification and fair value
diterbitkan diungkapkan pada Catatan 50. of securities issued is disclosed in Note 50.


23. EFEK YANG DITERBITKAN (lanjutan) 23. SECURITIES ISSUED (continued)
Utang Obligasi Bonds Payable
Bank Bank
2014 2013
Rupiah Rupiah
Nilai nominal 921.000 921.000 Nominal value
Dikurangi: Less:
Beban emisi obligasi yang Unamortized bonds issuance
belum diamortisasi (1.028) (2.032) cost
Jumlah - neto 919.972 918.968 Total - net
Beban amortisasi yang Amortization costs charged to the

dibebankan ke laporan laba rugi consolidated statements of
komprehensif konsolidasian 1.004 4.124 comprehensive income
Pada tanggal 10 Desember 2010, Bank menerbitkan dan On 10 December 2010, the Bank issued and registered
mencatatkan Obligasi Bank Danamon II tahun 2010 Bank Danamon Bonds II Year 2010 with Fixed Interest
dengan Tingkat Bunga Tetap dengan nilai nominal sebesar Rate with a nominal value of Rp2,800,000 at the
Rp2.800.000 di Bursa Efek Indonesia. Obligasi ini terbagi Indonesia Stock Exchange. These bonds consist of
menjadi 2 seri, yaitu seri A dan seri B yang masing-masing 2 series, series A and series B which will mature on
akan jatuh tempo pada tanggal 9 Desember 2013 dan 9 December 2013 and 9 December 2015, and bear fixed
9 Desember 2015, dan memiliki suku bunga tetap masing- interest rate per annum at 8.75% and 9.00%,
masing sebesar 8,75% dan 9,00% per tahun. Bunga respectively. Interest is paid on a quarterly basis with the
dibayar setiap tiga bulan dengan pembayaran pertama first payment on 9 March 2011 and the last payment to be
dilakukan pada tanggal 9 Maret 2011 dan terakhir made together with the payment of the principal of each
dilakukan bersamaan dengan pelunasan pokok masing- series of bonds. PT Bank Mandiri (Persero) Tbk is the
masing seri obligasi. Wali amanat untuk Obligasi Bank trustee for Bank Danamon Bonds II.
Danamon II adalah PT Bank Mandiri (Persero) Tbk.
Bank telah melunasi pokok Obligasi II Seri A pada tanggal The Bank fully paid the outstanding principal of Bonds II
9 Desember 2013. Series A on 9 December 2013.
Obligasi II tidak dijamin dengan jaminan khusus, akan Bonds II is not secured by specific guarantee, but secured
tetapi dijamin dengan seluruh harta kekayaan Bank, baik by all of the Banks assets, moveable and non-moveable
barang bergerak maupun barang tidak bergerak, baik yang assets, including assets that are already owned and will
telah ada maupun yang akan ada dikemudian hari sesuai be owned in the future in accordance with Article 1131
dengan ketentuan dalam pasal 1131 dan 1132 Kitab and 1132 of the Indonesia Civil Code.
Undang-undang Hukum Perdata (KUHP) Indonesia.
Perjanjian obligasi juga mencakup beberapa pembatasan, The bond agreements also include several restrictions,
antara lain mengenai penggabungan dan peleburan among others, relating to merger and consolidation,
usaha, perubahan bidang usaha utama Bank serta change of the Banks main business as well as the
pengurangan modal dasar, modal ditempatkan, dan modal reduction of authorized capital, issued capital, and paid-
disetor. up capital.


Utang Obligasi (lanjutan) Bonds Payable (continued)
Bank (lanjutan) Bank (continued)
Bank dapat melakukan pembelian kembali (buy back) The Bank can buy back part or all of the bonds issued
untuk sebagian atau seluruh obligasi dengan ketentuan under a condition that such action can only be conducted
bahwa hal tersebut hanya dapat dilaksanakan setelah after the first anniversary since the issuance date.
ulang tahun pertama sejak tanggal emisi.
Suku bunga efektif rata-rata tertimbang per tahun untuk The weighted average effective interest rate per annum
tahun yang berakhir pada tanggal 31 Desember 2014 for the year ended 31 December 2014 was 9.11% (2013:
adalah 9,11% (2013: 9,04%). 9.04%).
Beban bunga atas obligasi yang diterbitkan termasuk Interest expense on the bonds issued including
amortisasi emisi obligasi yang ditangguhkan untuk tahun amortization of the bond issuance cost for the years
yang berakhir pada tanggal-tanggal 31 Desember 2014 ended 31 December 2014 and 2013 amounted to
dan 2013 masing-masing sebesar Rp83.894 dan Rp83,894 and Rp241,380, respectively (Note 34).
Rp241.380 (Catatan 34).
Pada tanggal 31 Desember 2014, Obligasi II tersebut As of 31 December 2014, Bonds II were rated idAAA by
mendapat peringkat idAAA dari PT Pemeringkat Efek PT Pemeringkat Efek Indonesia (Pefindo) (2013: Bonds II
Indonesia (Pefindo) (2013: Obligasi II mendapat peringkat were rated idAA+).
idAA+).
Pada tanggal-tanggal 31 Desember 2014 dan 2013, Bank As of 31 December 2014 and 2013, the Bank was in
telah mematuhi semua pembatasan-pembatasan penting compliance with the aforementioned covenants in relation
sehubungan dengan perjanjian obligasi yang diterbitkan. to the bonds issuance agreement. All payments of
Seluruh pembayaran atas jumlah bunga dan pokok yang amounts due for interest and principal were done on a
jatuh tempo telah dilakukan secara tepat waktu. timely basis
Entitas Anak Subsidiary
2014 2013
Rupiah Rupiah
Nilai nominal 10.743.000 11.005.000 Nominal value
Dikurangi: Less:
Beban emisi obligasi yang Unamortized bond issuance
belum diamortisasi (18.342) (21.444) cost
Eliminasi untuk keperluan Elimination for consolidation
konsolidasian (197.700) (159.500) purposes
Beban amortisasi yang Amortization costs charged to the

dibebankan ke laporan laba rugi consolidated statements of
komprehensif konsolidasian 12.251 11.901 comprehensive income


Entitas Anak (lanjutan) Subsidiary (continued)
Obligasi Adira Dinamika Multi Finance IV Tahun 2010 Adira Dinamika Multi Finance Bonds IV Year 2010
Pada tanggal 21 Oktober 2010, ADMF telah memperoleh On 21 October 2010, ADMF received the effectivity
pernyataan efektif dari Bapepam-LK melalui surat notification from Bapepam-LK based on its letter
No. S-9564/BL/2010 dalam rangka Penawaran Umum No. S-9564/BL/2010 in conjunction with the Public
Obligasi Adira Dinamika Multi Finance IV Tahun 2010 Offering of Adira Dinamika Multi Finance Bonds IV Year
(Obligasi IV) dengan nilai nominal sebesar Rp2.000.000 2010 (Bonds IV) with a nominal value of Rp2,000,000
terbagi atas Seri A, Seri B, Seri C, Seri D, dan Seri E yang which consist of Series A, Series B, Series C, Series D,
dicatatkan di Bursa Efek Indonesia pada tanggal and Series E and were listed at Indonesia Stock
1 November 2010. Wali amanat sehubungan dengan Exchange on 1 November 2010. PT Bank Negara
penawaran umum Obligasi IV ini adalah PT Bank Negara Indonesia (Persero) Tbk is the trustee in connection with
Indonesia (Persero) Tbk. ADMF menerbitkan Obligasi IV the public offering of Bonds IV. ADMF issued Bonds IV
dengan tujuan untuk membiayai kegiatan utama ADMF for the purpose of funding ADMFs main activity which is
yaitu pembiayaan konsumen. consumer financing.
Pembayaran bunga Obligasi IV dibayarkan setiap tiga Interest on Bonds IV is paid on a quarterly basis with the
bulan sekali dengan pembayaran pertama pada tanggal first payment on 29 January 2011 and the last payment
29 Januari 2011 dan terakhir dilakukan bersamaan dengan together with payment of principal of each series of the
pelunasan pokok masing-masing seri Obligasi IV. Dalam Bonds IV. The trustee agreement provides several
perjanjian perwaliamanatan juga diatur beberapa negative covenants to ADMF, among others, collateral
pembatasan yang harus dipenuhi oleh ADMF, antara lain with fiduciary transfer of consumer financing receivables
memberikan jaminan fidusia berupa piutang pembiayaan as of 31 December 2013 amounting to Rp403,200
konsumen pada tanggal 31 Desember 2013 sebesar (Note 12) and debt to equity ratio not to exceed 10:1.
Rp403.200 (Catatan 12) dan rasio jumlah pinjaman Moreover, during the year that the bonds principals are
terhadap ekuitas tidak melebihi rasio 10:1. Selain itu, still outstanding, ADMF is not allowed to, among others,
selama pokok obligasi belum dilunasi, ADMF tidak declare dividends in the event that ADMF is in default on
diperkenankan, antara lain membagi dividen selama its bonds obligations, merge and sell or assign more than
ADMF lalai dalam membayar jumlah terutang obligasi, 40% of ADMFs non-consumer financing receivable
melakukan penggabungan usaha serta menjual atau assets.
mengalihkan lebih dari 40% aset ADMF yang bukan
piutang pembiayaan konsumen.
Pada tanggal 31 Desember 2014, ADMF telah melakukan As of 31 December 2014, ADMF had paid the bonds
pembayaran bunga obligasi sesuai dengan jatuh tempo interest on schedule as stated in the trustee agreement
yang telah ditetapkan dalam perjanjian perwaliamanatan and complied with all the requirements set out in the
dan telah memenuhi seluruh persyaratan yang disebutkan trustee agreement.
dalam perjanjian perwaliamanatan.
ADMF dapat melakukan pembelian kembali (buy back) ADMF can buy back part or all of the bonds issued under
untuk sebagian atau seluruh obligasi yang diterbitkan a condition that such action can only be conducted after
dengan ketentuan bahwa hal tersebut hanya dapat the first anniversary since the issuance date.
dilaksanakan setelah ulang tahun pertama sejak tanggal
emisi.
ADMF melunasi seluruh utang pokok Obligasi IV Seri A, ADMF has fully paid the outstanding principal of Bonds IV
Seri B, Seri C, Seri D, dan Seri E masing-masing pada Series A, Series B, Series C, Series D, and Series E on
tanggal 29 April 2012, 29 Oktober 2012, 29 April 2013, 29 April 2012, 29 October 2012, 29 April 2013,
29 Oktober 2013, dan 29 Oktober 2014. 29 October 2013, and 29 October 2014, respectively.


Obligasi Adira Dinamika Multi Finance V Tahun 2011 Adira Dinamika Multi Finance Bonds V Year 2011
Pada tanggal 18 Mei 2011, ADMF telah memperoleh On 18 May 2011, ADMF received the effectivity
Obligasi Adira Dinamika Multi Finance V Tahun 2011 Offering of Adira Dinamika Multi Finance Bonds V Year
(Obligasi V) dengan nilai nominal sebesar Rp2.500.000 2011 (Bonds V) with a nominal value of Rp2,500,000
terbagi atas Seri A, Seri B, Seri C dan Seri D yang which consist of Series A, Series B, Series C, and
dicatatkan di Bursa Efek Indonesia pada tanggal 30 Mei Series D and were listed at Indonesia Stock Exchange on
2011. Wali amanat sehubungan dengan penawaran umum 30 May 2011. PT Bank Negara Indonesia (Persero) Tbk
Obligasi V ini adalah PT Bank Negara Indonesia (Persero) is the trustee in connection with the public offering of
Tbk. ADMF menerbitkan Obligasi V dengan tujuan untuk Bonds V. ADMF issued Bonds V for the purpose of
membiayai kegiatan utama ADMF yaitu pembiayaan funding ADMFs main activity which is consumer
konsumen. financing.
Pembayaran bunga Obligasi V dibayarkan setiap tiga Interest on Bonds V is paid on a quarterly basis with the
bulan sekali dengan pembayaran pertama pada tanggal first payment on 27 August 2011 and the last payment
27 Agustus 2011 dan terakhir dilakukan bersamaan together with payment of principal of each series of the
dengan pelunasan pokok masing-masing seri Obligasi V. Bonds V. The trustee agreement provides several
Dalam perjanjian perwaliamanatan juga diatur beberapa negative covenants to ADMF, among others, collateral
memberikan jaminan fidusia berupa piutang pembiayaan as of 31 December 2014 amounting to Rp696,600 (2013:
konsumen pada tanggal 31 Desember 2014 sebesar Rp1,036,800) (Note 12) and debt to equity ratio not to
Rp696.600 (2013: Rp1.036.800) (Catatan 12) dan rasio exceed 10:1. Moreover, during the year that the bonds
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. principals are still outstanding, ADMF is not allowed to,
Selain itu, selama pokok obligasi belum dilunasi, ADMF among others, merge unless performed with the same
tidak diperkenankan, antara lain melakukan business and to sell or assign more than 40% of ADMFs
penggabungan usaha kecuali dilakukan pada bidang non-consumer financing receivable assets.
usaha yang sama serta menjual atau mengalihkan lebih
dari 40% aset ADMF yang bukan piutang pembiayaan
konsumen.
yang telah ditetapkan dalam perjanjian perwaliamanatan and complied with all the requirements set out with in the
emisi.
Pada tanggal 31 Desember 2014, Obligasi V mendapat As of 31 December 2014, Bonds V is rated at idAAA by
peringkat idAAA dari PT Pemeringkat Efek Indonesia PT Pemeringkat Efek Indonesia (Pefindo).
(Pefindo).
ADMF melunasi seluruh utang pokok Obligasi V Seri A ADMF fully paid the outstanding principal of Bonds V
Seri B, dan Seri C masing-masing pada tanggal 31 Mei Series A, Series B, and Series C on 31 May 2012,
2012, 27 Mei 2013, dan 27 Mei 2014. 27 May 2013, and 27 May 2014, respectively.


Obligasi Berkelanjutan I Adira Dinamika Multi Finance Adira Dinamika Multi Finance Continuing Bonds I
dengan Tingkat Bunga Tetap with Fixed Interest Rate
Pada tanggal 9 Desember 2011, ADMF telah memperoleh On 9 December 2011, ADMF received the effectivity
Obligasi Berkelanjutan I Adira Dinamika Multi Finance Offering of Adira Dinamika Multi Finance Continuing
dengan Tingkat Bunga Tetap (Obligasi Berkelanjutan I). Bonds I with Fixed Interest Rate (Continuing Bonds I).
Wali amanat sehubungan dengan penawaran umum PT Bank Negara Indonesia (Persero) Tbk is the trustee in
Obligasi Berkelanjutan I ini adalah PT Bank Negara connection with the public offering of Continuing Bonds I.
Indonesia (Persero) Tbk. ADMF menerbitkan Obligasi ADMF issued Continuing Bonds I for the purpose of
Berkelanjutan I dengan tujuan untuk membiayai kegiatan funding ADMFs main activity which is consumer
utama ADMF yaitu pembiayaan konsumen. financing.
Obligasi Berkelanjutan I Adira Dinamika Multi Finance Adira Dinamika Multi Finance Continuing Bonds I with
dengan Tingkat Bunga Tetap Tahap I Tahun 2011 Fixed Interest Rate Phase I Year 2011
dengan Tingkat Bunga Tetap Tahap I Tahun 2011 Fixed Interest Rate Phase I Year 2011 (Continuing Bonds
(Obligasi Berkelanjutan I Tahap I) dengan nilai nominal I Phase I) with a nominal value of Rp2,523,000 which
sebesar Rp2.523.000 terbagi atas Seri A, Seri B dan Seri consist of Series A, Series B and Series C and were listed
C yang dicatatkan di Bursa Efek Indonesia pada tanggal at Indonesia Stock Exchange on 19 December 2011.
19 Desember 2011.
Pembayaran bunga Obligasi Berkelanjutan I Tahap I Interest on Continuing Bonds I Phase I is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on 16 March 2012
pertama pada tanggal 16 Maret 2012 dan terakhir and the last payment together with payment of principal of
dilakukan bersamaan dengan pelunasan pokok masing- each series of the Continuing Bonds I Phase I. The
masing seri Obligasi Berkelanjutan I Tahap I. Dalam trustee agreement provides several negative covenants
perjanjian perwaliamanatan juga diatur beberapa to ADMF, among others, collateral with fiduciary transfer
pembatasan yang harus dipenuhi oleh ADMF, antara lain of consumer financing receivables as of
memberikan jaminan fidusia berupa piutang pembiayaan 31 December 2014 amounting to Rp766,500 (2013:
konsumen pada tanggal 31 Desember 2014 sebesar Rp1,099,000) (Note 12) and debt to equity ratio not to
Rp766.500 (2013: Rp1.099.000) (Catatan 12) dan rasio exceed 10:1. Moreover, during the year that the bonds
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. principals are still outstanding, ADMF is not allowed to,
Selain itu, selama pokok obligasi belum dilunasi, ADMF among others, merge unless performed with the same
tidak diperkenankan, antara lain melakukan business and to sell or assign more than 40% of ADMFs
penggabungan usaha kecuali dilakukan pada bidang non-consumer financing receivable assets.
konsumen.


dengan Tingkat Bunga Tetap (lanjutan) with Fixed Interest Rate (continued)
dengan Tingkat Bunga Tetap Tahap I Tahun 2011 Fixed Interest Rate Phase I Year 2011(continued)
(lanjutan)
emisi.
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan I As of 31 December 2014, Continuing Bonds I Phase I is
Tahap I mendapat peringkat idAAA dari PT Pemeringkat rated at idAAA by PT Pemeringkat Efek Indonesia
Efek Indonesia (Pefindo). (Pefindo).
ADMF melunasi seluruh utang pokok Obligasi ADMF fully paid the outstanding principal of Continuing
Berkelanjutan I Tahap I Seri A dan Seri B pada tanggal Bonds I Phase I Series A and Series B on 16 December
16 Desember 2013 dan 16 Desember 2014. 2013 and 16 December 2014.
dengan Tingkat Bunga Tetap Tahap II Tahun 2012 Fixed Interest Rate Phase II Year 2012
dengan Tingkat Bunga Tetap Tahap II Tahun 2012 Fixed Interest Rate Phase II Year 2012 (Continuing
(Obligasi Berkelanjutan I Tahap II) dengan nilai nominal Bonds I Phase II) with a nominal value of Rp1,850,000
sebesar Rp1.850.000 terbagi atas Seri A, Seri B dan Seri which consist of Series A, Series B, and Series C were
C yang dicatatkan di Bursa Efek Indonesia pada tanggal 7 listed at Indonesia Stock Exchange on 7 May 2012.
Mei 2012.
Pembayaran bunga Obligasi Berkelanjutan I Tahap II Interest on Continuing Bonds I Phase II is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on 4 August 2012
pertama pada tanggal 4 Agustus 2012 dan terakhir and the last payment together with payment of principal of
dilakukan bersamaan dengan pelunasan pokok masing- each series of the Continuing Bonds I Phase II. The
masing seri Obligasi Berkelanjutan I Tahap II. Dalam trustee agreement provides several negative covenants
pembatasan yang harus dipenuhi oleh ADMF, antara lain of consumer financing receivables as of 31 December
memberikan jaminan fidusia berupa piutang pembiayaan 2014 amounting to Rp432,000 (2013: Rp532,000)
Rp432.000 (2013: Rp532.000) (Catatan 12) dan rasio Moreover, during the year that the bonds principals are
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. still outstanding, ADMF is not allowed to, among others,
Selain itu, selama pokok obligasi belum dilunasi, ADMF merge unless performed with the same business and to
tidak diperkenankan, antara lain melakukan sell or assign more than 40% of ADMFs non-consumer
penggabungan usaha kecuali dilakukan pada bidang financing receivable assets.
konsumen.


dengan Tingkat Bunga Tetap Tahap II Tahun 2012 Fixed Interest Rate Phase II Year 2012 (continued)
(lanjutan)
emisi.
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan I As of 31 December 2014, Continuing Bonds I Phase II is
Tahap II mendapat peringkat idAAA dari PT Pemeringkat rated at idAAA by PT Pemeringkat Efek Indonesia
Berkelanjutan I Tahap II Seri A dan Seri B masing-masing Bonds I Phase II Series A and Series B on 14 May 2013
pada tanggal 14 Mei 2013 dan 4 Mei 2014. and 4 May 2014, respectively.
dengan Tingkat Bunga Tetap Tahap III Tahun 2012 Fixed Interest Rate Phase III Year 2012
dengan Tingkat Bunga Tetap Tahap III Tahun 2012 Fixed Interest Rate Phase III Year 2012 (Continuing
(Obligasi Berkelanjutan I Tahap III) dengan nilai nominal Bonds I Phase III) with a nominal value of Rp1,627,000
sebesar Rp1.627.000 terbagi atas Seri A, Seri B, dan Seri which consist of Series A, Series B, and Series C were
C yang dicatatkan di Bursa Efek Indonesia pada tanggal listed at Indonesia Stock Exchange on 28 September
28 September 2012. 2012.


dengan Tingkat Bunga Tetap Tahap III Tahun 2012 Fixed Interest Rate Phase III Year 2012 (continued)
(lanjutan)
Pembayaran bunga Obligasi Berkelanjutan I Tahap III Interest on Continuing Bonds I Phase III is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on
pertama pada tanggal 27 Desember 2012 dan terakhir 27 December 2012 and the last payment together with
dilakukan bersamaan dengan pelunasan pokok masing- payment of principal of each series of the Continuing
masing seri Obligasi Berkelanjutan I Tahap III. Dalam Bonds I Phase III. The trustee agreement provides
perjanjian perwaliamanatan juga diatur beberapa several negative covenants to ADMF, among others,
pembatasan yang harus dipenuhi oleh ADMF, antara lain collateral with fiduciary transfer of consumer financing
memberikan jaminan fidusia berupa piutang pembiayaan receivables as of 31 December 2014 amounting to
konsumen pada tanggal 31 Desember 2014 sebesar Rp625,500 (2013: Rp625,500) (Note 12) and debt to
Rp625.500 (2013: Rp625.500) (Catatan 12) dan rasio equity ratio not to exceed 10:1. Moreover, during the year
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. that the bonds principals are still outstanding, ADMF is
Selain itu, selama pokok obligasi belum dilunasi, ADMF not allowed to, among others, merge unless performed
tidak diperkenankan, antara lain melakukan with the same business and to sell or assign more than
penggabungan usaha kecuali dilakukan pada bidang 40% of ADMFs non-consumer financing receivable
usaha yang sama serta menjual atau mengalihkan lebih assets.
konsumen.
emisi.
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan I As of 31 December 2014, Continuing Bonds I Phase III is
Tahap III mendapat peringkat idAAA dari PT Pemeringkat rated at idAAA by PT Pemeringkat Efek Indonesia
Berkelanjutan I Tahap III Seri A pada tanggal 7 Oktober Bonds I Phase III Series A on 7 October 2013.
2013.


Obligasi Berkelanjutan II Adira Finance Adira Finance Continuing Bonds II
Pada tanggal 21 Februari 2013, ADMF telah memperoleh On 21 February 2013, ADMF received the effectivity
No. S-37/D.04/2013 dalam rangka Penawaran Umum No. S-37/D.04/2013 in conjunction with the Continuing
Berkelanjutan Obligasi Berkelanjutan II Adira Finance Public Offering of Adira Finance Continuing Bonds II
(Obligasi Berkelanjutan II). Wali amanat sehubungan (Continuing Bonds II). PT Bank Negara Indonesia
dengan penawaran umum Obligasi Berkelanjutan II ini (Persero) Tbk is the trustee in connection with the public
adalah PT Bank Negara Indonesia (Persero) Tbk. ADMF offering of Continuing Bonds II. ADMF issued Continuing
menerbitkan Obligasi Berkelanjutan II dengan tujuan untuk Bonds II for the purpose of funding ADMFs main activity
membiayai kegiatan utama ADMF, yaitu pembiayaan which is consumer financing.
konsumen.
Obligasi Berkelanjutan II Adira Finance Tahap I Tahun Adira Finance Continuing Bonds II Phase I Year 2013
2013
2013 (Obligasi Berkelanjutan II Tahap I) dengan nilai (Continuing Bonds II Phase I) with a nominal value of
nominal sebesar Rp2.000.000 terbagi atas Seri A, Seri B, Rp2,000,000 which consist of Series A, Series B, Series
Seri C, dan Seri D yang dicatatkan di Bursa Efek Indonesia C, and Series D were listed at Indonesia Stock Exchange
pada tanggal 4 Maret 2013. on 4 March 2013.
Pembayaran bunga Obligasi Berkelanjutan II Tahap I Interest on Continuing Bonds II Phase I is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on 1 June 2013 and
pertama pada tanggal 1 Juni 2013 dan terakhir dilakukan the last payment together with payment of principal of
bersamaan dengan pelunasan pokok masing-masing seri each series of the Continuing Bonds II Phase I. The
Obligasi Berkelanjutan II Tahap I. Dalam perjanjian trustee agreement provides several negative covenants
perwaliamanatan juga diatur beberapa pembatasan yang to ADMF, among others, collateral with fiduciary transfer
harus dipenuhi oleh ADMF, antara lain memberikan of consumer financing receivables as of 31 December
jaminan fidusia berupa piutang pembiayaan konsumen 2014 amounting to Rp780,500 (2013: Rp1,000,000)
pada tanggal 31 Desember 2014 sebesar Rp780.500 (Note 12) and debt to equity ratio not to exceed 10:1.
(2013: Rp1.000.000) (Catatan 12) dan rasio jumlah Moreover, during the year that the bonds principals are
pinjaman terhadap ekuitas tidak melebihi rasio 10:1. Selain still outstanding, ADMF is not allowed to, among others,
itu, selama pokok obligasi belum dilunasi, ADMF tidak merge unless performed with the same business and to
diperkenankan, antara lain melakukan penggabungan sell or assign more than 40% of ADMFs non-consumer
usaha kecuali dilakukan pada bidang usaha yang sama financing receivables assets.
serta menjual atau mengalihkan lebih dari 40% aset ADMF
yang bukan piutang pembiayaan konsumen.
emisi.


Obligasi Berkelanjutan II Adira Finance (lanjutan) Adira Finance Continuing Bonds II (continued)
2013 (lanjutan) (continued)
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan II As of 31 December 2014, Continuing Bonds II Phase I is
Tahap I mendapat peringkat idAAA dari PT Pemeringkat rated at idAAA by PT Pemeringkat Efek Indonesia
Berkelanjutan II Tahap I Seri A pada tanggal 11 Maret Bonds II Phase I Series A on 11 March 2014.
2014.
Obligasi Berkelanjutan II Adira Finance Tahap II Tahun Adira Finance Continuing Bonds II Phase II Year 2013
2013
2013 (Obligasi Berkelanjutan II Tahap II) dengan nilai (Continuing Bonds II Phase II) with a nominal value of
nominal sebesar Rp2.092.000 terbagi atas Seri A, Seri B, Rp2,092,000 which consist of Series A, Series B, and
dan Seri C yang dicatatkan di Bursa Efek Indonesia pada Series C were listed at Indonesia Stock Exchange on
tanggal 25 Oktober 2013. 25 October 2013.
Pembayaran bunga Obligasi Berkelanjutan II Tahap II Interest on Continuing Bonds II Phase II is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on 24 January 2014
pertama pada tanggal 24 Januari 2014 dan terakhir and the last payment together with payment of principal of
dilakukan bersamaan dengan pelunasan pokok masing- each series of the Continuing Bonds II Phase II. The
masing seri Obligasi Berkelanjutan II Tahap II. Dalam trustee agreement provides several negative covenants
memberikan jaminan fidusia berupa piutang pembiayaan 2014 amounting to Rp685,000 (2013: Rp523,000)
Rp685.000 (2013: Rp523.000) (Catatan 12) dan rasio Moreover, during the year that the bonds principals are
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. still outstanding, ADMF is not allowed to, among others,
Selain itu, selama pokok obligasi belum dilunasi, ADMF merge unless performed with the same business and to
tidak diperkenankan, antara lain melakukan sell or assign more than 40% of ADMFs non-consumer
penggabungan usaha kecuali dilakukan pada bidang financing receivable assets.
konsumen.
emisi.


2014 (lanjutan) (continued)
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan II As of 31 December 2014, Continuing Bonds II Phase II is
Tahap II mendapat peringkat idAAA dari PT Pemeringkat rated at idAAA by PT Pemeringkat Efek Indonesia
Berkelanjutan II Tahap II Seri A pada tanggal 3 November Bonds II Phase II Series A on 3 November 2014.
2014.
Obligasi Berkelanjutan II Adira Finance Tahap III Tahun Adira Finance Continuing Bonds II Phase III Year 2014
2014
Obligasi Berkelanjutan II Adira Finance Tahap III Tahun Adira Finance Continuing Bonds II Phase III Year 2014
2014 (Obligasi Berkelanjutan II Tahap III) dengan nilai (Continuing Bonds II Phase III) with a nominal value of
dan Seri C yang dicatatkan di Bursa Efek Indonesia pada Series C were listed at Indonesia Stock Exchange on 16
tanggal 16 Mei 2014. May 2014.
Pembayaran bunga Obligasi Berkelanjutan II Tahap III Interest on Continuing Bonds II Phase III is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on 14 August 2014
pertama pada tanggal 14 Agustus 2014 dan terakhir and the last payment together with payment of principal of
dilakukan bersamaan dengan pelunasan pokok masing- each series of the Continuing Bonds II Phase III. The
masing seri Obligasi Berkelanjutan II Tahap III. Dalam trustee agreement provides several negative covenants
memberikan jaminan fidusia berupa piutang pembiayaan 2014 amounting to Rp750,000 (Note 12) and debt to
konsumen pada tanggal 31 Desember 2014 sebesar equity ratio not to exceed 10:1. Moreover, during the year
Rp750.000 (Catatan 12) dan rasio jumlah pinjaman that the bonds principals are still outstanding, ADMF is
terhadap ekuitas tidak melebihi rasio 10:1. Selain itu, not allowed to, among others, merge unless performed
selama pokok obligasi belum dilunasi, ADMF tidak with the same business and to sell or assign more than
diperkenankan, antara lain melakukan penggabungan 40% of ADMFs non-consumer financing receivable
usaha kecuali dilakukan pada bidang usaha yang sama assets.
emisi.
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan II As of 31 December 2014, Continuing Bonds II Phase III is
Tahap III mendapat peringkat idAAA dari PT Pemeringkat rated at idAAA by PT Pemeringkat Efek Indonesia


Obligasi Berkelanjutan II Adira Finance Tahap IV Tahun Adira Finance Continuing Bonds II Phase IV Year 2014
2014
Obligasi Berkelanjutan II Adira Finance Tahap IV Tahun Adira Finance Continuing Bonds II Phase IV Year 2014
2014 (Obligasi Berkelanjutan II Tahap IV) dengan nilai (Continuing Bonds II Phase IV) with a nominal value of
dan Seri C yang dicatatkan di Bursa Efek Indonesia pada Series C were listed at Indonesia Stock Exchange on
tanggal 13 November 2014. 13 November 2014.
Pembayaran bunga Obligasi Berkelanjutan II Tahap IV Interest on Continuing Bonds II Phase IV is paid on a
dibayarkan setiap tiga bulan sekali dengan pembayaran quarterly basis with the first payment on 12 February
pertama pada tanggal 12 Februari 2015 dan terakhir 2015 and the last payment together with payment of
dilakukan bersamaan dengan pelunasan pokok masing- principal of each series of the Continuing Bonds II
masing seri Obligasi Berkelanjutan II Tahap IV. Dalam Phase IV. The trustee agreement provides several
perjanjian perwaliamanatan juga diatur beberapa negative covenants to ADMF, among others, collateral
memberikan jaminan fidusia berupa piutang pembiayaan as of 31 December 2014 amounting to Rp375,750
Rp375.750 (Catatan 12) dan rasio jumlah pinjaman Moreover, during the year that the bonds principals are
terhadap ekuitas tidak melebihi rasio 10:1. Selain itu, still outstanding, ADMF is not allowed to, among others,
selama pokok obligasi belum dilunasi, ADMF tidak merge unless performed with the same business and to
diperkenankan, antara lain melakukan penggabungan sell or assign more than 40% of ADMFs non-consumer
usaha kecuali dilakukan pada bidang usaha yang sama financing receivable assets.
emisi.
Pada tanggal 31 Desember 2014, Obligasi Berkelanjutan II As of 31 December 2014, Continuing Bonds II Phase IV
Tahap IV mendapat peringkat idAAA dari PT Pemeringkat is rated at idAAA by PT Pemeringkat Efek Indonesia
Beban bunga atas utang obligasi pada tahun 2014 sebesar The interest expense of bonds payable in 2014 amounted
Rp1.021.160 (2013: 900.405) (Catatan 34). to Rp1,021,160 (2013: Rp900,405) (Note 34).
Rata-rata tertimbang tingkat suku bunga efektif per tahun The weighted average effective interest rate per annum
atas efek utang yang diterbitkan pada tanggal on debt securities issued as of 31 December 2014 was
31 Desember 2014 sebesar 7,95% (2013: 8,93%). 7.95% (2013: 8.93%).


Medium Term Notes (MTN) Medium Term Notes (MTN)
2014 2013
Rupiah Rupiah
Nilai nominal - - Nominal value
Dikurangi: Less:
Beban emisi MTN Unamortized MTN
yang belum diamortisasi - - issuance cost
Eliminasi untuk keperluan Elimination for consolidation
konsolidasian - - purposes
Jumlah - neto - - Total - net
Amortisasi beban emisi MTN Amortization of MTN issuance

yang dibebankan ke laporan costs charged to the
laba rugi komprehensif consolidated statements
konsolidasian - 389 of comprehensive income
Pada tanggal 10 November 2011, ADMF menerbitkan On 10 November 2011, ADMF issued Adira Dinamika
Medium-Term Notes I Adira Dinamika Multi Finance Tahun Multi Finance Medium-Term Notes I Year 2011 (MTN I)
2011 (MTN I) dengan nilai nominal sebesar Rp400.000 with a nominal value of Rp400,000 which consist of
terbagi atas Seri A dan Seri B. ADMF menerbitkan MTN I Series A and Series B. ADMF issued MTN I for the
dengan tujuan untuk membiayai kegiatan utama ADMF purpose of funding ADMFs main activity which is
yaitu pembiayaan konsumen. consumer financing.
Pembayaran bunga MTN I dibayarkan setiap tiga bulan Interest on MTN I is paid on a quarterly basis with the first
sekali dengan pembayaran pertama pada tanggal payment on 10 February 2012 and the last payment
10 Februari 2012 dan terakhir dilakukan bersamaan together with payment of principal of each series of the
dengan pelunasan pokok masing-masing seri MTN I. MTN I. The trustee agreement provides several negative
Dalam perjanjian perwaliamanatan juga diatur beberapa covenants to ADMF, among others, collateral with
pembatasan yang harus dipenuhi oleh ADMF, antara lain fiduciary transfer of consumer financing receivables, and
memberikan jaminan fidusia berupa piutang pembiayaan debt to equity ratio not to exceed 10:1. Moreover, during
konsumen dan rasio jumlah pinjaman terhadap ekuitas the year that the MTN I principals are still outstanding,
ADMF is not allowed to, among others, merge and sell or
tidak melebihi rasio 10:1. Selain itu, selama pokok MTN I
assign more than 40% of ADMFs non-consumer
belum dilunasi, ADMF tidak diperkenankan, antara lain
financing receivable assets.
melakukan penggabungan usaha serta menjual atau
mengalihkan lebih dari 40% aset ADMF yang bukan
piutang pembiayaan konsumen.
ADMF melunasi seluruh utang pokok MTN I Seri A dan ADMF fully paid the outstanding principal of MTN I Series
Seri B masing-masing pada tanggal 10 Mei 2013 dan A and Series B on 10 May 2013 and 10 November 2013.
10 November 2013.
Beban bunga atas MTN pada tahun 2013 sebesar The interest expense of MTN in 2013 amounted to
Rp21.271 (Catatan 34). Rp21,271 (Note 34).


Sukuk Mudharabah Berkelanjutan I Adira Finance Adira Finance Continuing Mudharabah Bonds I
Pada tanggal 21 Februari 2013, ADMF telah memperoleh On 21 February 2013, ADMF received the effectivity
pernyataan efektif dari OJK melalui surat notification from OJK based on its letter
No. S-37/D.04/2013 dalam rangka Penawaran Umum No. S-37/D.04/2013 in conjunction with the Continuing
Berkelanjutan Sukuk Mudharabah Berkelanjutan I Adira Public Offering of Adira Finance Continuing Mudharabah
Finance (Sukuk Mudharabah Berkelanjutan I). Wali Bonds I (Continuing Mudharabah Bonds I). PT Bank
amanat sehubungan dengan penawaran umum Sukuk Negara Indonesia (Persero) Tbk is the trustee in
Mudharabah Berkelanjutan I ini adalah PT Bank Negara connection with the public offering of Continuing
Indonesia (Persero) Tbk. ADMF menerbitkan Sukuk Mudharabah Bonds I. ADMF issued Continuing
Mudharabah Bonds I for the purpose of funding ADMFs
Mudharabah Berkelanjutan I dengan tujuan untuk
activity which is Murabahah financing.
membiayai kegiatan usaha ADMF yaitu pembiayaan
murabahah.
Sukuk Mudharabah Berkelanjutan I Adira Finance Tahap I Adira Finance Continuing Mudharabah Bonds I Phase I
Tahun 2013 Year 2013
Sukuk Mudharabah/ Nilai nominal/ Nisbah bagi hasil/ Jatuh tempo/ Cicilan pokok Sukuk Mudharabah/
Mudharabah Bonds Nominal value Sharing revenue ratio Due date Mudharabah Bonds principal installment
Seri/Series A Rp66.000 57,083% (ekuivalen 6,85% 11 Maret/ Pembayaran penuh pada saat jatuh
per tahun/ equivalent to March 2014 tempo/Bullet payment on due date
6.85% per year)
Seri/Series B Rp27.000 60,833% (ekuivalen 7,30% 1 Maret/ Pembayaran penuh pada saat jatuh
7.30% per year)
Seri/Series C Rp286.000 65,417% (ekuivalen 7,85% 11 Maret/ Pembayaran penuh pada saat jatuh
7.85% per year)
Sukuk Mudharabah Berkelanjutan I Adira Finance Tahap I Adira Finance Continuing Sukuk Mudharabah I Phase I
Tahun 2013 (Sukuk Mudharabah Berkelanjutan I Tahap I) Year 2013 (Continuing Mudharabah Bonds I Phase I)
dengan nilai nominal sebesar Rp379.000 terbagi atas Seri with a nominal value of Rp379,000 which consist of
A, Seri B, dan Seri C yang dicatatkan di Bursa Efek Series A, Series B, and Series C were listed at Indonesia
Indonesia pada tanggal 4 Maret 2013. Stock Exchange on 4 March 2013.
Pembayaran pendapatan bagi hasil Sukuk Mudharabah Revenue sharing of Continuing Mudharabah Bonds I
Berkelanjutan I Tahap I dibayarkan setiap tiga bulan sekali Phase I is paid on a quarterly basis with the first payment
dengan pembayaran pertama pada tanggal 1 Juni 2013 on 1 June 2013 and the last payment will be
dan pembayaran terakhir akan dilakukan bersamaan simultaneously with payment of the principal of each
dengan pelunasan pokok masing-masing seri Sukuk series of the Continuing Mudharabah Bonds I Phase I.
Mudharabah Berkelanjutan I Tahap I. Pendapatan bagi Sharing revenue of Mudharabah Bonds is calculated from
hasil Sukuk Mudharabah dihitung berdasarkan perkalian multiplication between sharing revenue ratio and margin
antara nisbah bagi hasil dengan marjin yang diperoleh that ADMF acquires from Murabahah financing. The
trustee agreement provides several negative covenants
ADMF dari hasil pembiayaan Murabahah. Dalam
to ADMF, among others, collateral with fiduciary transfer
perjanjian perwaliamanatan juga diatur beberapa
of consumer financing receivables as of
pembatasan yang harus dipenuhi oleh ADMF, antara lain 31 December 2014 amounting to Rp156,500 (2013:
memberikan jaminan fidusia berupa piutang pembiayaan Rp189,500) (Note 12) and debt to equity ratio not to
konsumen pada tanggal 31 Desember 2014 sebesar exceed 10:1. Moreover, during the year that the bonds
Rp156.500 (2013: Rp189.500) (Catatan 12) dan rasio principals are still outstanding, ADMF is not allowed to,
jumlah pinjaman terhadap ekuitas tidak melebihi rasio 10:1. among others, declare dividends in the event that ADMF
Selain itu, selama pokok sukuk mudharabah belum is in default on its bonds obligations, merge and sell or
dilunasi, ADMF tidak diperkenankan, antara lain membagi assign more than 40% of ADMFs non-consumer
dividen selama ADMF lalai dalam membayar jumlah financing receivable assets.
terutang sukuk mudharabah, melakukan penggabungan
usaha serta menjual atau mengalihkan lebih dari 40% aset
ADMF yang bukan piutang pembiayaan konsumen.


Sukuk Mudharabah Berkelanjutan I Adira Finance Tahap I Adira Finance Continuing Mudharabah Bonds I Phase I
Tahun 2013 (lanjutan) Year 2013 (continued)
Pada tanggal 31 Desember 2014, ADMF telah melakukan As of 31 December 2014, ADMF had paid the revenue
pembayaran bagi hasil sesuai dengan jatuh tempo yang sharing on schedule as stated in the trustee agreement
telah ditetapkan dalam perjanjian perwaliamanatan dan and complied with all the requirements set out in the
telah memenuhi seluruh persyaratan yang disebutkan trustee agreement.
ADMF dapat melakukan pembelian kembali (buy back) ADMF can buy back part or all of the mudharabah bonds
untuk sebagian atau seluruh sukuk mudharabah yang issued under a condition that such action can only be
diterbitkan dengan ketentuan bahwa hal tersebut hanya conducted after the first anniversary since the issuance
dapat dilaksanakan setelah ulang tahun pertama sejak date.
tanggal emisi.
Pada tanggal 31 Desember 2014, Sukuk Mudharabah As of 31 December 2014, Continuing Mudharabah Bonds
Berkelanjutan I Tahap I mendapat peringkat idAAA (sy) I Phase I is rated at idAAA (sy) by PT Pemeringkat Efek
dari PT Pemeringkat Efek Indonesia (Pefindo). Indonesia (Pefindo).
ADMF melunasi seluruh utang pokok Sukuk Mudharabah ADMF fully paid the outstanding principal of Continuing
Berkelanjutan I Tahap I Seri A pada tanggal 11 Maret Mudharabah Bonds I Phase I Series A on 11 March
2014. 2014.
Sukuk Mudharabah Berkelanjutan I Adira Finance Tahap II Adira Finance Continuing Mudharabah Bonds I Phase II
Tahun 2014 Year 2014
Sukuk Mudharabah/ Nilai nominal/ Nisbah bagi hasil/ Jatuh tempo/ Cicilan pokok Sukuk Mudharabah/
Mudharabah Bonds Nominal value Sharing revenue ratio Due date Mudharabah Bonds principal installment
80,00% (ekuivalen
Seri/ Series A Rp88.000 9,60% per 22 November/ Pembayaran penuh pada saat jatuh
tahun/equivalent to November 2015 tempo/Bullet payment on due date
9.60% per year)
87,50% (ekuivalen
Seri/ Series B Rp45.000 10,50% per 12 November/ Pembayaran penuh pada saat jatuh
tahun/equivalent to November 2017 tempo/Bullet payment on due date
10.50% per year)
Sukuk Mudharabah Berkelanjutan I Adira Finance Tahap II Adira Finance Continuing Sukuk Mudharabah I Phase II
Tahun 2014 (Sukuk Mudharabah Berkelanjutan I Tahap II) Year 2014 (Continuing Mudharabah Bonds I Phase II)
dengan nilai nominal sebesar Rp133.000 terbagi atas with a nominal value of Rp133,000 which consist of
Seri A dan Seri B yang dicatatkan di Bursa Efek Indonesia Series A and Series B were listed at Indonesia Stock
pada tanggal 13 November 2014. Exchange on 13 November 2014.


Pembayaran pendapatan bagi hasil Sukuk Mudharabah Revenue sharing of Continuing Mudharabah Bonds I
Berkelanjutan I Tahap II dibayarkan setiap tiga bulan sekali Phase II is paid on a quarterly basis with the first payment
dengan pembayaran pertama pada tanggal 12 Februari on 12 February 2015 and the last payment will be
2015 dan pembayaran terakhir akan dilakukan bersamaan simultaneously with payment of the principal of each
dengan pelunasan pokok masing-masing seri Sukuk series of the Continuing Mudharabah Bonds I Phase II.
Mudharabah Berkelanjutan I Tahap II. Pendapatan bagi Sharing revenue of Mudharabah Bonds is calculated from
hasil Sukuk Mudharabah dihitung berdasarkan perkalian multiplication between sharing revenue ratio and margin
antara nisbah bagi hasil dengan marjin yang diperoleh that ADMF acquires from Murabahah financing. The
trustee agreement provides several negative covenants
ADMF dari hasil pembiayaan Murabahah. Dalam
to ADMF, among others, collateral with fiduciary transfer
perjanjian perwaliamanatan juga diatur beberapa
of consumer financing receivables as of
pembatasan yang harus dipenuhi oleh ADMF, antara lain 31 December 2014 amounting to Rp33,250 (Note 12)
memberikan jaminan fidusia berupa piutang pembiayaan and debt to equity ratio not to exceed 10:1. Moreover,
konsumen pada tanggal 31 Desember 2014 sebesar during the year that the bonds principals are still
Rp33.250 (Catatan 12) dan rasio jumlah pinjaman outstanding, ADMF is not allowed to, among others,
terhadap ekuitas tidak melebihi rasio 10:1. Selain itu, declare dividends in the event that ADMF is in default on
selama pokok sukuk mudharabah belum dilunasi, ADMF its bonds obligations, merge and sell or assign more than
tidak diperkenankan, antara lain membagi dividen selama 40% of ADMFs non-consumer financing receivable
ADMF lalai dalam membayar jumlah terutang sukuk assets.
mudharabah, melakukan penggabungan usaha serta
menjual atau mengalihkan lebih dari 40% aset ADMF yang
bukan piutang pembiayaan konsumen.
ADMF dapat melakukan pembelian kembali (buy back) ADMF can buy back part or all of the mudharabah bonds
untuk sebagian atau seluruh sukuk mudharabah yang issued under a condition that such action can only be
diterbitkan dengan ketentuan bahwa hal tersebut hanya conducted after the first anniversary since the issuance
dapat dilaksanakan setelah ulang tahun pertama sejak date.
tanggal emisi.
Pada tanggal 31 Desember 2014, Sukuk Mudharabah As of 31 December 2014, Continuing Mudharabah Bonds
Berkelanjutan I Tahap I mendapat peringkat idAAA (sy) I Phase I is rated at idAAA (sy) by PT Pemeringkat Efek
dari PT Pemeringkat Efek Indonesia (Pefindo). Indonesia (Pefindo).
Bagi hasil atas Sukuk Mudharabah masing-masing pada The revenue sharing of Mudharabah Bonds in 2014 and
tahun 2014 dan 2013 adalah sebesar Rp27.078 dan 2013 amounted to Rp27,078 and Rp24,200, respectively
Rp24.200 (Catatan 34). (Note 34).


24. PINJAMAN YANG DITERIMA 24. BORROWINGS
Pinjaman yang diterima dari pihak berelasi diungkapkan Borrowings from related parties are disclosed in Note 46.
pada Catatan 46.
Catatan 49d. 49d.
Berdasarkan jenis dan mata uang By type and currency
2014 2013
Rupiah Rupiah
- PT Bank Pan Indonesia Tbk 3.250.000 3.250.000 PT Bank Pan Indonesia Tbk -
- PT Bank Central Asia Tbk 717.187 1.995.916 PT Bank Central Asia Tbk -
- Citibank N.A., Cabang Indonesia 400.000 400.000 Citibank N.A., Indonesia Branch -
- The Hongkong and Shanghai Banking The Hongkong and Shanghai Banking -
Corporation Ltd., Cabang Indonesia 400.000 400.000 Corporation Ltd., Indonesia Branch
- PT Bank DKI 326.275 372.498 PT Bank DKI -
- PT Bank Victoria International Tbk 200.000 200.000 PT Bank Victoria International Tbk -
- PT Bank Commonwealth 199.900 129.946 PT Bank Commonwealth -
- PT Bank Nationalnobu Tbk 99.234 99.309 PT Bank Nationalnobu Tbk -
- PT Bank BCA Syariah 28.444 47.111 PT Bank BCA Syariah -
- PT Bank Sumitomo Mitsui Indonesia - 375.000 PT Bank Sumitomo Mitsui Indonesia -
- PT Bank Pembangunan Daerah PT Bank Pembangunan Daerah -
Jawa Barat dan Banten Tbk - 250.000 Jawa Barat dan Banten Tbk
- JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A -
Cabang Jakarta - 228.000 Jakarta Branch
- PT Bank Panin Syariah Tbk - 25.000 PT Bank Panin Syariah Tbk -
- PT Bank BNI Syariah - 25.000 PT Bank BNI Syariah -
- Pinjaman dari bank/lembaga Placements by other banks/ -
keuangan lain 50.000 50.000 financial institutions
5.671.040 7.847.780
Mata uang asing Foreign currency
- Bank BNP Paribas (Singapura) 5.226.234 944.220 Bank BNP Paribas (Singapore) -
- DBS Bank (Singapura) Ltd. 1.238.278 2.433.904 DBS Bank (Singapore) Ltd. -
- International Finance Corporation (IFC) 818.362 912.750 International Finance Corporation (IFC) -
- Wells Fargo Bank 617.044 595.499 Wells Fargo Bank -
- Australia and New Zealand Australia and New Zealand -
Banking Group Ltd 368.559 - Banking Group Ltd
- Bankers Acceptance 309.625 2.980.335 Bankers Acceptance -
- Citibank N.A., Cabang Indonesia 247.700 243.400 Citibank N.A., Indonesia Branch -
- Pembiayaan kembali Letter of Credit - 34.576 Letter of Credit Refinancing -
- Bank of Tokyo-Mitsubishi UFJ Ltd., Bank of Tokyo-Mitsubishi UFJ Ltd., -
Cabang Indonesia - 76.007 Indonesia Branch
8.825.802 8.220.691
14.496.842 16.068.471
2014 2013

- Pihak berelasi 1.238.278 2.433.904 Related parties -
14.496.842 16.068.471


24. PINJAMAN YANG DITERIMA (lanjutan) 24. BORROWINGS (continued)
tahun yang berakhir pada tanggal 31 Desember 2014 for the year ended 31 December 2014 was 10.11% for
adalah 10,11% untuk Rupiah dan 1,79% untuk mata uang Rupiah and 1.79% for foreign currencies (2013: 7.90%
asing (2013: 7,90% untuk Rupiah dan 2,20% untuk mata for Rupiah and 2.20% for foreign currencies).
uang asing).
Informasi mengenai klasifikasi dan nilai wajar pinjaman Information with regard to the classification and fair value
yang diterima diungkapkan pada Catatan 50. of borrowings is disclosed in Note 50.
PT Bank Pan Indonesia Tbk (Panin Bank) PT Bank Pan Indonesia Tbk (Panin Bank)
ADMF memiliki fasilitas pinjaman modal kerja dari ADMF has working capital facilities from Panin Bank with
Panin Bank dengan batas maksimum kredit sejumlah a maximum credit limit amounting to Rp1,500,000
Rp1.500.000 (fasilitas I), Rp750.000 (fasilitas II), (facility I), Rp750,000 (facility II), Rp750,000 (facility III),
Rp750.000 (fasilitas III), Rp1.000.000 (fasilitas IV) dan Rp1,000,000 (facility IV) and Rp1,000,000 (facility V).
Rp1.000.000 (fasilitas V). Fasilitas I merupakan fasilitas Facility I represents a revolving working capital facility.
pinjaman modal kerja berulang. Fasilitas I dimulai sejak Facility I started on 30 March 2011 and will mature from
tanggal 30 Maret 2011 dan jatuh tempo berkisar antara 28 January 2015 to 11 March 2015 with contractual
tanggal 28 Januari 2015 sampai dengan 11 Maret 2015 interest rates per annum ranging from 8.85% - 10.20% in
dengan tingkat suku bunga kontraktual setahun berkisar 2014 (2013: 6.75% -10.25%). Facility II started on
antara 8,85% - 10,20% pada tahun 2014 (2013: 6,75% - 28 February 2012 and will mature on 27 March 2015 with
10,25%). Fasilitas II dimulai sejak tanggal 28 Februari contractual interest rate per annum at 8.95% in 2014
2012 dan jatuh tempo pada tanggal 27 Maret 2015 dengan (2013: 8.95%). Facility III started on 29 March 2012 and
tingkat suku bunga kontraktual setahun sebesar 8,95% matured on 29 April 2013 with contractual interest rate
pada tahun 2014 (2013: 8,95%). Fasilitas III dimulai sejak per annum at 7.75% in 2013. Facility IV started on
tanggal 29 Maret 2012 dan telah jatuh tempo pada tanggal 26 April 2013 and matured on 29 April 2014 and 3 June
29 April 2013 dengan tingkat suku bunga kontraktual 2014 with contractual interest rate per annum at 7.75% in
setahun sebesar 7,75% pada tahun 2013. Fasilitas IV 2014 (2013: 7.75%). Facility V started on 25 April 2014
dimulai sejak tanggal 26 April 2013 dan telah jatuh tempo and will mature on 29 April 2016 and 3 June 2016 with
pada tanggal 29 April 2014 dan 3 Juni 2014 dengan contractual interest rate per annum at 10.75% in 2014.
tingkat suku bunga kontraktual setahun sebesar 7,75%
pada tahun 2014 (2013: 7,75%). Fasilitas V dimulai
sejak tanggal 25 April 2014 dan jatuh tempo pada tanggal
29 April 2016 dan 3 Juni 2016 dengan tingkat suku bunga
kontraktual setahun sebesar 10,75% pada tahun 2014.
Fasilitas-fasilitas pinjaman ini dijamin dengan piutang These loan facilities are secured by consumer financing
pembiayaan konsumen dengan nilai sekurang-kurangnya receivables with a minimum amount at 50% (facility II, III,
sebesar 50% (fasilitas II, III, IV dan V) dari jumlah saldo IV and V) of total outstanding borrowings, while facility I is
pinjaman yang diterima, sedangkan fasilitas I tidak dijamin unsecured loan (Note 12). ADMF is also required to
oleh jaminan khusus (Catatan 12). ADMF juga diharuskan maintain certain financial ratio, such as debt to equity
untuk mempertahankan rasio keuangan, seperti rasio ratio not to exceed 10:1.
jumlah utang terhadap jumlah ekuitas tidak melebihi
rasio 10:1.


PT Bank Pan Indonesia Tbk (Panin Bank) (lanjutan) PT Bank Pan Indonesia Tbk (Panin Bank)
(continued)
Selama pinjaman belum dilunasi, ADMF tidak During the period while the loans are still outstanding,
diperkenankan antara lain, melakukan penggabungan ADMF is not allowed to, among others, enter into a
usaha atau mengikat diri sebagai penjamin, kecuali merger or act as a guarantor, except with prior written
dengan persetujuan tertulis terlebih dahulu dari Panin consent from Panin Bank.
Bank.
Pada tanggal 31 Desember 2014, ADMF telah memenuhi As of 31 December 2014, ADMF has complied with all
seluruh persyaratan yang disebutkan dalam perjanjian the requirements set out in the loan facility agreement.
fasilitas pinjaman ini.
ADMF telah melunasi seluruh utang pokok fasilitas III dan ADMF had fully paid the outstanding principal of facility III
fasilitas IV masing-masing pada tanggal 29 April 2013, and facility IV on 29 April 2013, 29 April 2014, and 3 June
29 April 2014, dan 3 Juni 2014. 2014, respectively.
PT Bank Central Asia Tbk (BCA) PT Bank Central Asia Tbk (BCA)
ADMF memiliki fasilitas pinjaman modal kerja dari BCA ADMF has working capital facilities from BCA with a
dengan batas maksimum kredit sejumlah Rp75.000 maximum credit limit amounting to Rp75,000 (facility I),
(fasilitas I), Rp500.000 (fasilitas II), Rp1.500.000 (fasilitas Rp500,000 (facility II), Rp1,500,000 (facility III) and
III) dan Rp500.000 (fasilitas IV). Fasilitas I, II dan III Rp500,000 (facility IV). Facility I, II and III are revolving
merupakan fasilitas pinjaman modal kerja berulang. working capital facilities. Facility I started on 14 March
Jangka waktu fasilitas I dimulai sejak tanggal 14 Maret 2003 and will mature on 14 March 2015 with contractual
2003 dan jatuh tempo pada tanggal 14 Maret 2015 dengan interest rates per annum ranging from 9.00% - 10.50% in
tingkat suku bunga kontraktual setahun berkisar antara 2014 (2013: 9.00%). Facility II started on 12 August 2011
9,00% - 10,50% pada tahun 2014 (2013: 9,00%). Fasilitas and will mature on 14 March 2015 with contractual
II dimulai sejak tanggal 12 Agustus 2011 dan jatuh tempo interest rates per annum ranging from 8.95% - 10.40% in
pada tanggal 14 Maret 2015 dengan tingkat suku bunga 2014 (2013: 6.60% - 8.95%). Facility III started on
kontraktual setahun berkisar antara 8,95% - 10,40% pada 30 December 2013 and will mature from 27 June 2014 to
tahun 2014 (2013: 6,60% - 8,95%). Fasilitas III dimulai 14 March 2016. Principal of this loan is paid on a monthly
sejak tanggal 30 Desember 2013 dan jatuh tempo berkisar basis with contractual interest rates per annum ranging
antara tanggal 27 Juni 2014 sampai dengan 14 Maret from 8.00% - 11.00% in 2014 (2013: 8.00% - 11.00%).
2016. Pembayaran pokok pinjaman ini dilakukan setiap Facility IV started on 12 May 2014 and will mature on
satu bulan sekali dengan tingkat suku bunga kontraktual 25 July 2015. Principal of this loan is paid on a monthly
setahun berkisar antara 8,00% - 11,00% pada tahun 2014 basis with contractual interest rate per annum at 11.25%
(2013: 8,00% - 11,00%). Fasilitas IV dimulai sejak tanggal in 2014.
12 Mei 2014 dan jatuh tempo pada tanggal 25 Juli 2015.
Pembayaran pokok pinjaman ini dilakukan setiap satu
bulan sekali dengan tingkat suku bunga kontraktual
setahun sebesar 11,25% pada tahun 2014.
pembiayaan konsumen dengan nilai sekurang-kurangnya receivables with a minimum amount of 60% of the
sebesar 60% dari batas maksimum kredit (fasilitas I), 60% maximum credit limit (facility I), 60% (facility II) and 50%
(fasilitas II) dan 50% (fasilitas III dan IV) dari jumlah saldo (facility III and IV) of total outstanding borrowings
pinjaman yang diterima (Catatan 12). (Note 12).


PT Bank Central Asia Tbk (BCA) (lanjutan) PT Bank Central Asia Tbk (BCA) (continued)
Selama pinjaman belum dilunasi, ADMF tidak During the period that the loan is still outstanding, ADMF
diperkenankan antara lain, melakukan investasi melebihi is not allowed to, among others, make an investment
25% dari modal disetor perusahaan investee, mengikat diri exceeding 25% of the paid-up capital of the investee, act
sebagai penjamin atau melakukan penggabungan usaha, as a guarantor or enter into a merger, except with prior
kecuali dengan persetujuan tertulis terlebih dahulu dari written consent from BCA.
BCA.
Pada tanggal 31 Desember 2014, ADMF belum As of 31 December 2014, ADMF has not made
melakukan penarikan kembali atas fasilitas I dan II a drawdown from the loan facility I and II.
pinjaman ini.
Pada tahun 2014, amortisasi beban provisi dan In 2014, amortization of provision and administration
administrasi atas fasilitas pinjaman ini yang dibebankan ke expenses of this loan facility charged to the consolidated
laporan laba rugi komprehensif konsolidasian sebesar statements of comprehensive income amounted to
Rp5.622 (2013: Rp5.238); sedangkan bagian yang belum Rp5,622 (2013: Rp5,238); while the unamortized portion
diamortisasi pada tanggal 31 Desember 2014 sebesar as of 31 December 2014 amounting to Rp1,788 (2013:
Rp1.788 (2013: Rp4.084) dikurangkan dari jumlah nilai Rp4,084) is deducted from the balance of the nominal
nominal fasilitas pinjaman ini. amount of this loan facility.
Citibank N.A., Cabang Indonesia (Citibank) Citibank N.A., Indonesia Branch (Citibank)
ADMF memiliki fasilitas pinjaman modal kerja dari Citibank ADMF has a working capital facility from Citibank with a
dengan batas maksimum kredit sejumlah Rp400.000, maximum credit limit amounting to Rp400,000, which
dimulai sejak tanggal 9 Februari 2012 dan jatuh tempo started on 9 February 2012 and maturing on 26 January
pada tanggal 26 Januari 2015 dan 18 Februari 2015. 2014 and 18 February 2015. Contractual interest rates
Tingkat suku bunga kontraktual setahun berkisar antara per annum ranged from 8.50% - 10.70% in 2014 (2013:
8,50% - 10,70% pada tahun 2014 (2013: 7,00% - 9,75%). 7.00% - 9.75%).
Fasilitas pinjaman ini tidak dijamin oleh jaminan khusus. This loan facility is unsecured. ADMF is also required to
ADMF juga diharuskan untuk mempertahankan rasio maintain certain financial ratio, such as debt to equity
keuangan, seperti rasio jumlah utang terhadap jumlah ratio not to exceed 10:1.
ekuitas tidak melebihi rasio 10:1.
diperkenankan antara lain, melakukan investasi, dan is not allowed to, among others, make an investment,
mengikat diri sebagai penjamin, kecuali dengan and act as a guarantor, except with prior written consent
persetujuan tertulis terlebih dahulu dari Citibank. from Citibank.


The Hongkong and Shanghai Banking Corporation The Hongkong and Shanghai Banking Corporation
Ltd., Cabang Indonesia (HSBC) Ltd., Indonesia Branch (HSBC)
ADMF memiliki fasilitas pinjaman modal kerja berulang ADMF has a revolving working capital facility from HSBC
dari HSBC dengan batas maksimum kredit sejumlah with a maximum credit limit amounting to Rp400,000,
Rp400.000, dimulai sejak tanggal 20 Februari 2012 dan which started on 20 February 2012 and maturing on
jatuh tempo pada tanggal 25 Maret 2015 dan 4 Mei 2015. 25 March 2015 and 4 May 2015. Contractual interest
Tingkat suku bunga kontraktual per tahun berkisar antara rates per annum ranged from 7.00% - 10.50% in 2014
7,00% - 10,50% pada tahun 2014 (2013: 7,00% - 7,75%). (2013: 7.00% - 7.75%).
Fasilitas pinjaman ini dijamin dengan piutang pembiayaan This loan facility is secured by consumer financing
konsumen dengan nilai sekurang-kurangnya sebesar 50% receivables with a minimum amount of 50% of total
dari jumlah saldo pinjaman yang diterima (Catatan 12). outstanding borrowings (Note 12). ADMF is also required
ADMF juga diharuskan untuk mempertahankan rasio to maintain certain financial ratio, such as debt to equity
Selama pinjaman belum dilunasi, ADMF tidak During the period while the loan is still outstanding,
diperkenankan antara lain mengikat diri sebagai penjamin, ADMF is not allowed to, among others, act as a
kecuali dengan pemberitahuan tertulis terlebih dahulu guarantor, except with prior written notification to HSBC.
kepada HSBC.
PT Bank DKI (Bank DKI) PT Bank DKI (Bank DKI)
ADMF memiliki fasilitas pinjaman modal kerja dari Bank ADMF has a working capital facility from Bank DKI with a
DKI dengan batas maksimum kredit sejumlah Rp250.000 maximum credit limit amounting to Rp250,000 (facility I)
(fasilitas I) dan Rp125.000 (fasilitas III) serta fasilitas and Rp125,000 (facility III) as well as working capital
pembiayaan modal kerja dengan akad mudharabah facility with mudharabah agreement with a maximum
dengan batas maksimum kredit sejumlah Rp50.000 credit limit amounting to Rp50,000 (facility II). Facility I
(fasilitas II). Fasilitas I dimulai sejak tanggal 28 Juni 2012 started on 28 June 2012 and will mature on
dan jatuh tempo pada tanggal 29 Juni 2015. Pembayaran 29 June 2015. Principal of this loan is paid twice a year
pokok pinjaman ini dibayarkan setiap enam bulan sekali with contractual interest rate per annum at 8.85% in 2014
dengan tingkat suku bunga kontraktual setahun sebesar (2013: 8.85%). Facility II started on 12 December 2012
8,85% pada tahun 2014 (2013: 8,85%). Fasilitas II dimulai and will mature on 11 December 2015 with profit margin
sejak tanggal 12 Desember 2012 dan jatuh tempo pada per annum at 8.85% in 2014 (2013: 8.85%). Facility III
tanggal 11 Desember 2015 dengan marjin keuntungan per started on 24 June 2013 and will mature on 24 June
tahun sebesar 8,85% pada tahun 2014 (2013: 8,85%). 2016. Principal of this loan is paid twice a year with
Fasilitas III dimulai sejak tanggal 24 Juni 2013 dan jatuh contractual interest rate per annum at 8.95% in 2014
tempo pada tanggal 24 Juni 2016. Pembayaran pokok (2013: 8.95%).
pinjaman ini dibayarkan setiap enam bulan sekali dengan
tingkat suku bunga kontraktual setahun sebesar 8,95%
pada tahun 2014 (2013: 8,95%).
Fasilitas-fasilitas ini dijamin dengan piutang pembiayaan These loan facilities are secured by consumer financing
dari jumlah saldo pinjaman yang diterima (Catatan 12). outstanding borrowing (Note 12). ADMF is also required
keuangan, seperti rasio jumlah utang terhadap jumlah ratio not to exceed 10:1 and current asset to current
ekuitas tidak melebihi rasio 10:1, dan rasio aset lancar liability ratio of at least 1.1:1.
terhadap utang lancar tidak kurang dari rasio 1,1:1.


PT Bank DKI (Bank DKI) (lanjutan) PT Bank DKI (Bank DKI) (continued)
Selama pinjaman belum dilunasi, ADMF tidak During the period while the loans are still outstanding,
diperkenankan antara lain, memindahtangankan barang ADMF is not allowed to, among others, hand over the
jaminan dan mengikat diri sebagai penjamin, kecuali collateral and act as a guarantor, except with prior written
dengan persetujuan tertulis terlebih dahulu dari Bank DKI. consent from Bank DKI.
laporan laba rugi komprehensif konsolidasian sebesar statement of comprehensive income amounted to Rp444
Rp444 (2013: Rp361); sedangkan bagian yang belum (2013: Rp361); while the unamortized portion as of
diamortisasi pada tanggal 31 Desember 2014 sebesar 31 December 2014 amounting to Rp392 (2013: Rp836) is
Rp392 (2013: Rp836) dikurangkan dari jumlah nilai deducted from the balance of the nominal amount of this
nominal fasilitas pinjaman ini. loan facility.
PT Bank Victoria International Tbk (Bank Victoria) PT Bank Victoria International Tbk (Bank Victoria)
ADMF memiliki fasilitas pinjaman modal kerja dari Bank ADMF has a working capital facility from Bank Victoria
Victoria dengan batas maksimum kredit sejumlah with a maximum credit limit amounting to Rp200,000,
Rp200.000, dimulai sejak tanggal 18 Desember 2012 dan which started on 18 December 2012 and maturing on
jatuh tempo pada tanggal 5 Januari 2015 dan 11 Februari 5 January 2015 and 11 February 2015. Contractual
2015. Tingkat suku bunga kontraktual setahun berkisar interest rates per annum ranged from 9.25% - 10.26% in
antara 9,25% - 10,26% pada tahun 2014 (2013: 6,50% - 2014 (2013: 6.50% - 9.50%).
9,50%).
Fasilitas ini dijamin dengan piutang pembiayaan This loan facility is secured by consumer financing
konsumen dengan nilai sekurang-kurangnya sebesar 50% receivables with a minimum amount of 50% of maximum
dari batas maksimum kredit (Catatan 12). ADMF juga credit limit (Note 12). ADMF is also required to maintain
diharuskan untuk mempertahankan rasio keuangan, certain financial ratio, such as debt to equity ratio not to
seperti rasio jumlah utang terhadap jumlah ekuitas tidak exceed 10:1.
melebihi rasio 10:1.
Selama pinjaman belum dilunasi, ADMF tidak During the period that the loans are still outstanding,
diperkenankan antara lain, memindahtangankan barang ADMF is not allowed to, among others, hand over the
jaminan dan mengikat diri sebagai penjamin, kecuali collateral and act as a guarantor, except with prior written
dengan persetujuan tertulis terlebih dahulu dari Bank consent from Bank Victoria.
Victoria.
PT Bank Commonwealth (Bank Commonwealth) PT Bank Commonwealth (Bank Commonwealth)
ADMF memiliki fasilitas pinjaman modal kerja berulang ADMF has a revolving working capital facility from Bank
dari Bank Commonwealth dengan batas maksimum kredit Commonwealth with a maximum credit limit amounting to
sejumlah Rp200.000, dimulai sejak tanggal 22 Mei 2013 Rp200,000, which started on 22 May 2013 and maturing
dan jatuh tempo pada tanggal 26 Juni 2015 dan 28 Juni on 26 June 2015 and 28 June 2015. Contractual interest
2015. Tingkat suku bunga kontraktual setahun berkisar rates per annum ranged from 7.00% - 10.45% in 2014
antara 7,00% - 10,45% pada tahun 2014 (2013: 7,00%). (2013: 7.00%).


PT Bank Commonwealth (Bank Commonwealth) PT Bank Commonwealth (Bank Commonwealth)

dari jumlah saldo pinjaman yang diterima (Catatan 12). outstanding borrowing (Note 12). ADMF is also required
ekuitas tidak melebihi rasio 10:1, dan rasio aset lancar liability ratio of at least 1.1:1.
terhadap utang lancar tidak kurang dari rasio 1,1:1.
diperkenankan antara lain, memindahtangankan kekayaan ADMF is not allowed to, among others, hand over
ADMF atau mengikat diri sebagai penjamin, kecuali ADMFs assets or act as a guarantor, except with prior
dengan persetujuan tertulis terlebih dahulu dari Bank written consent from Bank Commonwealth.
Commonwealth.
Rp154 (2013: Rp76); sedangkan bagian yang belum (2013: Rp76); while the unamortized portion as of 31
diamortisasi pada tanggal 31 Desember 2014 sebesar December 2014 amounting to Rp100 (2013: Rp54) was
Rp100 (2013: Rp54) dikurangkan dari jumlah nilai nominal deducted from the balance of the nominal amount of this
fasilitas pinjaman ini. loan facility.
PT Bank Nationalnobu Tbk (Bank Nobu) PT Bank Nationalnobu Tbk (Bank Nobu)
ADMF memiliki fasilitas pinjaman modal kerja dari Bank ADMF has a working capital facility from Bank Nobu with
Nobu dengan batas maksimum kredit sejumlah Rp50.000 a maximum credit limit amounting to Rp50,000 (facility I),
(fasilitas I), Rp50.000 (fasilitas II), Rp50.000 (fasilitas III) Rp50,000 (facility II), Rp50,000 (facility III) and Rp50,000
dan Rp50.000 (fasilitas IV). Fasilitas III dan IV merupakan (facility IV). Facility III and IV are revolving working capital
fasilitas pinjaman modal kerja berulang. Fasilitas I dimulai facilities. Facility I started on 30 August 2013 and had
sejak tanggal 30 Agustus 2013 dan telah jatuh tempo pada matured on 28 August 2014 with contractual interest rate
tanggal 28 Agustus 2014 dengan tingkat suku bunga per annum at 8.75% in 2014 (2013: 8.75%). Facility II
kontraktual setahun sebesar 8,75% pada tahun 2014 started on 30 August 2013 and had matured on
(2013: 8,75%). Fasilitas II dimulai sejak tanggal 4 September 2014 with contractual interest rate per
30 Agustus 2013 dan telah jatuh tempo pada tanggal annum at 8.75% in 2014 (2013: 8.75%). Facility III started
4 September 2014 dengan tingkat suku bunga kontraktual on 29 August 2014 and will mature on 30 November
setahun sebesar 8,75% pada tahun 2014 (2013: 8,75%). 2015 with contractual interest rate per annum at 10.50%
Fasilitas III dimulai sejak tanggal 29 Agustus 2014 dan in 2014. Facility IV started on 30 August 2013 and will
jatuh tempo pada tanggal 30 November 2015 dengan mature on 8 December 2015 with contractual interest rate
tingkat suku bunga kontraktual setahun sebesar 10,50% per annum at 10.50% in 2014.
pada tahun 2014. Fasilitas IV dimulai sejak tanggal
30 Agustus 2013 dan jatuh tempo pada tanggal
8 Desember 2015 dengan tingkat suku bunga kontraktual
setahun sebesar 10,50% pada tahun 2014.


PT Bank Nationalnobu Tbk (Bank Nobu) (lanjutan) PT Bank Nationalnobu Tbk (Bank Nobu)
(continued)
pembiayaan konsumen dengan nilai sekurang-kurangnya receivables with a minimum amount of 50% of the
sebesar 50% dari batas maksimum kredit (fasilitas I, II, III maximum credit limit (facility I, II, III and IV) (Note 12).
dan IV) (Catatan 12). ADMF juga diharuskan untuk ADMF is also required to maintain certain financial ratio,
mempertahankan rasio keuangan, seperti rasio jumlah such as debt to equity ratio not to exceed 10:1.
utang terhadap jumlah ekuitas tidak melebihi rasio 10:1.
diperkenankan antara lain, memindahtangankan kekayaan ADMF is not allowed to, among others, hand over
ADMF atau melakukan penggabungan usaha, kecuali ADMFs assets or enter into a merger, except with prior
dengan persetujuan tertulis terlebih dahulu dari Bank written consent from Bank Nobu.
Nobu.
ADMF telah melunasi seluruh utang pokok fasilitas I dan ADMF had fully paid the outstanding principal of facility I
fasilitas II masing-masing pada tanggal 28 Agustus 2014 and facility II on 28 August 2014 and 4 September 2014,
dan 4 September 2014. respectively.
Rp925 (2013: Rp309); sedangkan bagian yang belum (2013: Rp309); while the unamortized portion as of 31
diamortisasi pada tanggal 31 Desember 2014 sebesar December 2014 amounting to Rp766 (2013: Rp691) was
Rp766 (2013: Rp691) dikurangkan dari jumlah nilai deducted from the balance of the nominal amount this
nominal fasilitas pinjaman ini. loan facility.
PT Bank BCA Syariah (Bank BCA Syariah) PT Bank BCA Syariah (Bank BCA Syariah)
ADMF memiliki fasilitas pembiayaan modal kerja berulang ADMF has a revolving working capital facility with
dengan akad mudharabah dari Bank BCA Syariah dengan mudharabah agreement from Bank BCA Syariah with a
batas maksimum kredit sejumlah Rp55.000, dimulai sejak maximum credit limit amounting to Rp55,000, which
tanggal 29 April 2013 dan jatuh tempo pada tanggal started on 29 April 2013 and maturing on 7 May 2016
7 Mei 2016 dan 5 Juli 2016. Pembayaran pokok pinjaman and 5 July 2016. Principal of this loan is paid on a
ini dibayarkan setiap satu bulan sekali. Besarnya marjin monthly basis. The profit margin per annum for Bank
keuntungan Bank BCA Syariah per tahun berkisar antara BCA Syariah ranged from 9.50% - 10.00% in 2014 (2013:
9,50% - 10,00% pada tahun 2014 (2013: 9,50%). 9.50%).
konsumen dengan nilai sekurang-kurangnya sebesar 50% receivables with a minimum amount of 50% of the
dari batas maksimum kredit (Catatan 12). maximum credit limit (Note 12).
diperkenankan antara lain, melakukan penggabungan is not allowed to, among others, enter into a merger,
usaha, melakukan investasi baru, memindahtangankan make a new investment, hand over ADMFs assets or
kekayaan ADMF atau mengubah nama, tujuan usaha change the name, business objectives and the status of
serta status perusahaan, kecuali dengan persetujuan ADMF, except with prior written consent from Bank BCA
tertulis terlebih dahulu dari Bank BCA Syariah. Syariah.


PT Bank BCA Syariah (Bank BCA Syariah) (lanjutan) PT Bank BCA Syariah (Bank BCA Syariah)
(continued)
PT Bank Sumitomo Mitsui Indonesia (BSMI) PT Bank Sumitomo Mitsui Indonesia (BSMI)
ADMF memiliki fasilitas pinjaman modal kerja berulang ADMF has a revolving working capital facility from BSMI
dari BSMI dengan batas maksimum kredit sejumlah with a maximum credit limit amounting to Rp375,000,
Rp375.000, dimulai sejak tanggal 16 Maret 2012 dan jatuh which started on 16 March 2012 and maturing on
tempo pada tanggal 29 Desember 2014 29 December 2014 and 30 December 2014. Contractual
dan 30 Desember 2014. Tingkat suku bunga kontraktual interest rates per annum ranged from 9.50% - 9.98% in
setahun berkisar antara 9,50% - 9,98% pada tahun 2014 2014 (2013: 6.60% - 9.55%).
(2013: 6,60% - 9,55%).
konsumen dengan nilai sekurang-kurangnya sebesar receivables with a minimum amount of 100% of total
100% dari jumlah saldo pinjaman yang diterima (Catatan outstanding borrowings (Note 12). ADMF is also required
12). ADMF juga diharuskan untuk mempertahankan rasio to maintain certain financial ratio, such as debt to equity
diperkenankan antara lain, melakukan penggabungan ADMF is not allowed to, among others, enter into a
usaha atau mengikat diri sebagai penjamin, kecuali merger or act as a guarantor, except with prior written
dengan persetujuan tertulis terlebih dahulu dari BSMI. consent from BSMI.
ADMF telah melunasi seluruh utang pokok BSMI pada ADMF had fully paid the outstanding principal of BSMI
tanggal 29 Desember 2014 dan 30 Desember 2014. loan on 29 December 2014 and 30 December 2014.
PT Bank Pembangunan Daerah Jawa Barat dan PT Bank Pembangunan Daerah Jawa Barat dan
Banten Tbk (Bank BJB) Banten Tbk (Bank BJB)
ADMF memiliki fasilitas pinjaman modal kerja dari Bank ADMF has a working capital facility from Bank BJB with a
BJB dengan batas maksimum kredit sejumlah Rp250.000, maximum credit limit amounting to Rp250,000, which
dimulai sejak tanggal 19 Juni 2012 dan jatuh tempo pada started on 19 June 2012 and will mature on
tanggal 20 Desember 2014 dengan tingkat suku bunga 20 December 2014 with contractual interest rates per
kontraktual setahun berkisar antara 8,00% - 10,00% pada annum ranging from 8.00% - 10.00% in 2014 (2013:
tahun 2014 (2013: 8,00%). 8.00%).
ekuitas tidak melebihi rasio 10:1, dan rasio aset lancar liability ratio of not less than 1.2:1.
terhadap utang lancar tidak kurang dari 1,2:1.


PT Bank Pembangunan Daerah Jawa Barat dan PT Bank Pembangunan Daerah Jawa Barat dan
Banten Tbk (Bank BJB) (lanjutan) Banten Tbk (Bank BJB) (continued)
diperkenankan antara lain, melakukan investasi atau is not allowed to, among others, make an investment or
mengikat diri sebagai penjamin, kecuali dengan act as a guarantor, except with prior written consent
pemberitahuan tertulis terlebih dahulu kepada Bank BJB. notification to BJB.
laporan laba rugi komprehensif konsolidasian sebesar statement of comprehensive income amounted to Rp79;
Rp79; sedangkan bagian yang belum diamortisasi pada while the unamortized portion as of 31 December 2014
tanggal 31 Desember 2014 adalah nihil. was nill.
ADMF telah melunasi seluruh utang pokok BJB pada ADMF had fully paid the outstanding principal of the BJB
tanggal 20 Desember 2014. loan on 20 December 2014.
JPMorgan Chase Bank, N.A., Cabang Jakarta JPMorgan Chase Bank, N.A., Jakarta Branch
(JPMorgan) (JPMorgan)
ADMF memiliki fasilitas pinjaman modal kerja berulang ADMF has a revolving working capital facility from
dari JPMorgan sejumlah Rp228.000, dimulai sejak tanggal JPMorgan amounting to Rp228,000, which started on
11 Oktober 2013 dan jatuh tempo pada tanggal 11 October 2013 and maturing on 19 December 2014.
19 Desember 2014. Tingkat suku bunga kontraktual The contractual interest rate per annum is at 10.94% in
setahun sebesar 10,94% pada tahun 2014 (2013: 2014 (2013: 10.94%).
10,94%).
mengikat diri sebagai penjamin, kecuali dengan act as a guarantor, except with prior written consent from
persetujuan tertulis terlebih dahulu dari JPMorgan. JPMorgan.
ADMF telah melunasi seluruh utang pokok JPMorgan ADMF had fully paid the outstanding principal of
pada tanggal 19 Desember 2014. JPMorgan on 19 December 2014.
PT Bank Panin Syariah Tbk (Bank Panin Syariah) PT Bank Panin Syariah Tbk (Bank Panin Syariah)
ADMF memiliki fasilitas pembiayaan modal kerja dengan ADMF has a working capital facility with waad
akad waad mudharabah dari Bank Panin Syariah dengan mudharabah agreement from Bank Panin Syariah with a
batas maksimum kredit sejumlah Rp80.000, dimulai sejak maximum credit limit amounting to Rp80,000, which
tanggal 17 Desember 2012 dan jatuh tempo pada tanggal started on 17 December 2012 and maturing on 18
18 Desember 2014. Pembayaran pokok pinjaman ini December 2014. Principal of this loan is paid twice a
dibayarkan setiap enam bulan sekali. Besarnya marjin year. The profit margin per annum for Bank Panin
keuntungan Bank Panin Syariah per tahun sebesar 9,75% Syariah was at 9.75% in 2014 (2013: 9.75%).
pada tahun 2014 (2013: 9,75%).


PT Bank Panin Syariah Tbk (Bank Panin Syariah) PT Bank Panin Syariah Tbk (Bank Panin Syariah)
dari jumlah saldo pinjaman yang diterima (Catatan 12). outstanding borrowings (Note 12).
diperkenankan antara lain, memindahtangankan kekayaan is not allowed to, among others, hand over ADMFs
ADMF atau mengubah nama, tujuan usaha serta status assets or change the name, business objectives and the
perusahaan, kecuali dengan persetujuan usaha tertulis status of ADMF,except with prior written consent from
terlebih dahulu dari Bank Panin Syariah. Bank Panin Syariah.
ADMF telah melunasi seluruh utang pokok Bank Panin ADMF had fully paid the outstanding principal of Bank
Syariah pada tanggal 18 Desember 2014. Panin Syariah on 18 December 2014.
PT Bank BNI Syariah (BNI Syariah) PT Bank BNI Syariah (BNI Syariah)
ADMF memiliki fasilitas pinjaman modal kerja berulang ADMF has a revolving working capital facility with
dengan akad mudharabah dari BNI Syariah dengan batas mudharabah agreement from BNI Syariah with a
maksimum kredit sejumlah Rp100.000, dimulai sejak maximum credit limit amounting to Rp100,000, which
tanggal 17 Desember 2012 dan berakhir pada tanggal started on 17 December 2012 and maturing on 19
19 Desember 2014. Pembayaran pokok pinjaman ini December 2014. Principal of this loan is paid twice a
dibayarkan setiap enam bulan sekali. Besarnya marjin year. The annual profit margin of BNI Syariah was at
keuntungan BNI Syariah sebesar 9,55% pada tahun 2014 9.55% in 2014 (2013: 9.55%).
(2013: 9,55%).
dari saldo pinjaman yang diterima (Catatan 12). ADMF outstanding borrowing (Note 12). ADMF is also required
juga diharuskan untuk mempertahankan rasio keuangan, to maintain certain financial ratio, such as debt to equity
seperti rasio jumlah utang terhadap jumlah ekuitas tidak ratio not to exceed 10:1.
diperkenankan antara lain, melakukan penggabungan is not allowed to, among others, enter into merger or
usaha atau memindahtangankan kekayaan ADMF, kecuali hand over ADMFs assets, except with prior written
dengan pemberitahuan tertulis terlebih dahulu kepada notification to Bank BNI Syariah.
Bank BNI Syariah.
ADMF telah melunasi seluruh utang pokok BNI Syariah ADMF had fully paid the outstanding principal of BNI
pada tanggal 19 Desember 2014. Syariah on 19 December 2014.
Pinjaman dari Bank/Lembaga Keuangan Lain Placements by Other Banks/Financial Institutions
Bank memiliki fasilitas kredit sehubungan dengan The Bank has credit facilities in relation to the Banks
penggabungan usaha eks 8 BTO dengan Bank yang merger with 8 BTOs obtained from BCA where the
diperoleh dari BCA dimana penyelesaian pinjaman ini settlement of this borrowing is subject to Indonesian
harus mendapatkan persetujuan dari Badan Penyehatan Banking Restructuring Agency (IBRA) approval.
Perbankan Nasional (BPPN).


BNP Paribas (Singapura) - Sindikasi BNP Paribas (Singapore) - Syndicated
ADMF memiliki fasilitas pinjaman modal kerja sindikasi ADMF has a syndicated working capital loan facility with
dengan batas maksimum kredit sejumlah a maximum credit limit amounting to USD200,000,000
USD200.000.000 (fasilitas I). BNP Paribas (Singapura), (facility I). BNP Paribas (Singapore), PT Bank Rakyat
PT Bank Rakyat Indonesia Tbk., (New York Agency), Indonesia Tbk, (New York Agency), The Korea
The Korea Development Bank (Singapura), BDO Unibank Development Bank (Singapore), BDO Unibank Inc.,
Inc., BDO Private Bank Inc., First Gulf Bank PJSC BDO Private Bank Inc., First Gulf Bank PJSC
(Singapura), Qatar National Bank SAQ (Singapura), Mega (Singapore), Qatar National Bank SAQ (Singapore),
International Commercial Bank Co. Ltd., Aozora Bank Ltd., Mega International Commercial Bank Co. Ltd., Aozora
The Bank of East Asia Limited (Singapura), Chang Hwa Bank Ltd., The Bank of East Asia Limited (Singapore),
Commercial Bank Ltd, (Singapura), Hua Nan Commercial Chang Hwa Commercial Bank Ltd., (Singapore), Hua
Bank Ltd. (Singapura) dan Land Bank of Taiwan Nan Commercial Bank Ltd. (Singapore) and Land Bank
(Singapura) bertindak sebagai original lenders. of Taiwan (Singapore) acted as original lenders.
BNP Paribas bertindak sebagai mandated lead arranger BNP Paribas acted as mandated lead arranger and
dan PT Bank BNP Paribas Indonesia bertindak sebagai PT Bank BNP Paribas Indonesia acted as security agent.
security agent. Jangka waktu pinjaman dimulai sejak The facility started on 25 November 2013 and will mature
tanggal 25 November 2013 dan jatuh tempo berkisar from 6 December 2016 to 6 February 2017. Principal of
antara tanggal 6 Desember 2016 sampai dengan this loan is paid on a quarterly basis with contractual
6 Februari 2017. Pembayaran pokok pinjaman ini interest rate per annum based on 3 month USD LIBOR
dilakukan setiap tiga bulan sekali dengan tingkat suku plus margin rates at 1.80% with aggregate interest
bunga kontraktual per tahun berpatokan pada USD 3 earned ranged from 2.02% - 2.05% in 2014 (2013: 2.04%
bulan LIBOR ditambah dengan tingkat marjin sebesar - 2.05%).
1,80% yaitu berkisar antara 2,02% - 2,05% pada tahun
2014 (2013: 2,04% - 2,05%).
USD300.000.000 (fasilitas II). BNP Paribas (Singapura), (facility II). BNP Paribas (Singapore), Deutsche Bank AG
Deutsche Bank AG (Singapura), The Bank of Tokyo- (Singapore), The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Mitsubishi UFJ, Ltd. (Jakarta), Citibank N.A. (Singapura), (Jakarta), Citibank N.A. (Singapore), CTBC Bank Co.,
CTBC Bank Co., Ltd. (Singapura), Mega International Ltd. (Singapore), Mega International Commercial Bank
Commercial Bank Co., Ltd., State Bank of India Co., Ltd., State Bank of India (Singapore), Aozora Bank,
(Singapura), Aozora Bank, Ltd., Chang Hwa Commercial Ltd., Chang Hwa Commercial Bank, Ltd. (Singapore),
Bank, Ltd. (Singapura), First Commercial Bank, The First Commercial Bank, The Gunma Bank, Ltd., JA Mitsui
Gunma Bank, Ltd., JA Mitsui Leasing, Ltd., Land Bank of Leasing, Ltd., Land Bank of Taiwan (Singapore), The
Taiwan (Singapura), The Chugoku Bank, Ltd. dan E.SUN Chugoku Bank, Ltd. and E.SUN Commercial Bank, Ltd.
Commercial Bank, Ltd. (Singapura) bertindak sebagai (Singapore) acted as original lenders. BNP Paribas, The
original lenders. BNP Paribas, The Bank of Tokyo- Bank of Tokyo-Mitsubishi UFJ, Ltd., Deutsche Bank AG
Mitsubishi UFJ, Ltd., Deutsche Bank AG (Singapura) dan (Singapore) and Citigroup Global Markets Singapore
Citigroup Global Markets Singapore PTE. Ltd., bertindak PTE. Ltd., acted as mandated lead arrangers and
sebagai mandated lead arrangers dan PT Bank BNP PT Bank BNP Paribas Indonesia acted as security agent.
Paribas Indonesia bertindak sebagai security agent. The facility started on 28 April 2014 and will mature from
Jangka waktu pinjaman dimulai sejak tanggal 28 April 9 May 2017 to 28 November 2017. Principal of this loan
2014 dan jatuh tempo berkisar antara tanggal 9 Mei 2017 is paid on a quarterly basis with contractual interest rate
sampai dengan 28 November 2017. Pembayaran pokok per annum based on 3 month USD LIBOR plus margin
pinjaman ini dilakukan setiap tiga bulan sekali dengan rate at 1.75% whit aggregate interest rates ranging from
tingkat suku bunga kontraktual per tahun berpatokan pada 1.97% - 1.99% in 2014.
USD 3 bulan LIBOR ditambah dengan tingkat marjin
sebesar 1,75% yaitu berkisar antara 1,97% - 1,99% pada
tahun 2014.


BNP Paribas (Singapura) - Sindikasi (lanjutan) BNP Paribas (Singapore) - Syndicated (continued)
USD100.000.000 (fasilitas III). BNP Paribas (Singapura) (facility III). BNP Paribas (Singapore) and The Korea
dan The Korea Development Bank (Singapura) bertindak Development Bank (Singapore) acted as original lenders.
sebagai original lenders. BNP Paribas (Singapura) BNP Paribas (Singapore) acted as mandated lead
bertindak sebagai mandated lead arrangers dan PT Bank arrangers and PT Bank BNP Paribas Indonesia acted as
BNP Paribas Indonesia bertindak sebagai security agent. security agent. The facility started on 17 November 2014
Jangka waktu pinjaman dimulai sejak tanggal and will mature on 28 November 2017. Principal of this
17 November 2014 dan jatuh tempo pada tanggal loan is paid on a quarterly basis with contractual interest
28 November 2017. Pembayaran pokok pinjaman ini rate per annum based on 3 month USD LIBOR plus
dilakukan setiap tiga bulan sekali dengan tingkat suku margin rate at 1.75% with aggregate interest at 1.99% in
bunga kontraktual per tahun berpatokan pada USD 3 2014.
bulan LIBOR ditambah dengan tingkat marjin sebesar
1,75% yaitu sebesar 1,99% pada tahun 2014.
pembiayaan konsumen dengan nilai sekurang-kurangnya receivables with a minimum amount of 50% of total
sebesar 50% dari jumlah saldo pinjaman yang diterima outstanding borrowings (facility I, II and III) (Note 12).
(fasilitas I, II dan III) (Catatan 12). ADMF juga diharuskan ADMF is also required to maintain certain financial ratio,
untuk mempertahankan rasio keuangan, seperti rasio such as debt to equity ratio not to exceed 10:1.
jumlah utang terhadap jumlah ekuitas tidak melebihi rasio
10:1.
diperkenankan antara lain, menjual, memindahkan dan is not allowed to, among others, sell, transfer and assign
mengalihkan jaminan, kecuali dengan persetujuan tertulis the collateral, except with prior written consent from
terlebih dahulu dari original lenders. original lenders.
seluruh persyaratan yang disebutkan dalam perjanjian the requirements set out in this loan facility agreement.
administrasi atas fasilitas pinjaman ini yang dibebankan ke expenses of this loan facility charged to the statement of
laporan laba rugi komprehensif sebesar Rp26.618 (2013: comprehensive income amounted to Rp26,618 (2013:
Rp532); sedangkan bagian yang belum diamortisasi pada Rp532); while the unamortized portion as of
tanggal 31 Desember 2014 sebesar Rp58.033 (2013: 31 December 2014 amounting to Rp58,033 (2013:
Rp29.380) dikurangkan dari jumlah nilai nominal fasilitas Rp29,380) was deducted from the balance of the nominal
pinjaman ini. amount of this loan facility.
Pada tanggal 31 Desember 2014, saldo pinjaman yang As of 31 December 2014, the outstanding balance of the
diterima dalam mata uang Dolar Amerika Serikat sebesar borrowing denominated in United States Dollar
USD426.666.667 (2013: USD80.000.000), termasuk amounting to USD426,666,667 (2013: USD80,000,000),
bunganya telah dilindung nilai dengan kontrak cross including the interest was hedged by cross currency
currency swap (Catatan 10). swap (Note 10).


Development Bank of Singapore (DBS), Ltd. Development Bank of Singapore (DBS), Ltd.
ADMF memiliki fasilitas pinjaman modal kerja dari DBS ADMF has working capital facilities from DBS with a
dengan batas maksimum kredit sejumlah maximum credit limit amounting to USD100,000,000
USD100.000.000 (fasilitas I), USD100.000.000 (fasilitas II), (facility I), USD100,000,000 (facility II), USD100,000,000
USD100.000.000 (fasilitas III), USD100.000.000 (fasilitas (facility III), USD100,000,000 (facility IV), and
IV), USD100.000.000 (fasilitas V) dan USD100.000.000 USD100,000,000 (facility V) and USD100,000,000
(fasilitas VI). Jangka waktu fasilitas I dimulai sejak tanggal (facility VI). The facility I started on 10 July 2012 and
10 Juli 2012 dan telah jatuh tempo berkisar antara tanggal matured from 7 March 2013 to 12 March 2013 with
7 Maret 2013 sampai dengan 12 Maret 2013 dengan contractual interest rate per annum based on 6 months
tingkat suku bunga kontraktual per tahun berpatokan pada USD SIBOR plus margin rate at 1.25% which ranged
USD 6 bulan SIBOR ditambah dengan tingkat marjin from 1.95% - 1.96% in 2013. The facility II started on
sebesar 1,25% yaitu berkisar antara 1,95% - 1,96% pada 19 October 2012 and matured from 3 June 2013 to
tahun 31 Desember 2013. Jangka waktu fasilitas II dimulai 7 June 2013 with contractual interest rate per annum
sejak tanggal 19 Oktober 2012 dan telah jatuh tempo based on 6 months USD SIBOR plus margin rate at
berkisar antara tanggal 3 Juni 2013 sampai dengan 7 Juni 1.25% which is 1.78% in 2013. The facility III started on
2013 dengan tingkat suku bunga kontraktual per tahun 21 January 2013 and had matured from 7 October 2013
berpatokan pada USD 6 bulan SIBOR ditambah dengan to 4 November 2013 with contractual interest rate per
tingkat marjin sebesar 1,25% yaitu 1,78% pada tahun annum based on 6 months USD SIBOR plus margin rate
2013. Jangka waktu fasilitas III dimulai sejak tanggal at 1.25% which ranged from 1.69% - 1.70% in 2013. The
21 Januari 2013 dan telah jatuh tempo berkisar antara facility IV started on 7 March 2013 and had matured from
tanggal 7 Oktober 2013 sampai dengan 4 November 2013 22 May 2014 to 10 June 2014 with contractual interest
dengan tingkat suku bunga kontraktual per tahun rate per annum based on 6 months USD LIBOR plus
berpatokan pada USD 6 bulan SIBOR ditambah dengan margin rate at 1.65% which ranged from 1.99% - 2.00%
tingkat marjin sebesar 1,25% yaitu berkisar antara 1,69% - in 2014 (2013: 2.00% - 2.07%). The facility V started on
1,70% pada tahun 2013. Jangka waktu fasilitas IV dimulai 25 April 2013 and had matured ranging from 29 January
sejak tanggal 7 Maret 2013 dan telah jatuh tempo berkisar 2014 to 4 August 2014 with contractual interest rate per
antara tanggal 22 Mei 2014 sampai dengan 10 Juni 2014 annum based on 6 months USD LIBOR plus margin rate
dengan tingkat suku bunga kontraktual per tahun ranging from 1.35% - 1.85% resulting in interest rates
berpatokan pada USD 6 bulan LIBOR ditambah dengan ranging from 1.75% - 2.25% in 2014 (2013: 1.75% -
tingkat marjin sebesar 1,65% yaitu berkisar antara 1,99% - 2.25%). The facility VI started on 15 September 2014
2,00% pada tahun 2014 (2013: 2,00% - 2,07%). Jangka maturing from 26 October 2014 to 4 November 2015
waktu fasilitas V dimulai sejak tanggal 25 April 2013 dan with contractual interest rate per annum based on
telah jatuh tempo berkisar antara tanggal 29 Januari 2014 6 months USD LIBOR plus margin rate at 1.85% with
sampai tanggal 4 Agustus 2014 dengan tingkat suku aggregate interest ranging from 2.17% - 2.18% in 2014.
bunga kontraktual per tahun berpatokan pada USD 6
bulan LIBOR ditambah dengan tingkat marjin berkisar
antara 1,35% - 1,85% yaitu berkisar antara 1,75% - 2,25%
pada tahun 2014 (2013: 1,75% - 2,25%). Jangka waktu
fasilitas VI dimulai sejak tanggal 15 September 2014 dan
jatuh tempo berkisar antara tanggal 26 Oktober 2014
sampai tanggal 4 November 2015 dengan tingkat suku
bunga kontraktual per tahun berpatokan pada USD 6
bulan LIBOR ditambah dengan tingkat marjin sebesar
1,85% yaitu berkisar antara 2,17% - 2,18% pada tahun
2014.


Development Bank of Singapore (DBS), Ltd. Development Bank of Singapore (DBS), Ltd.
Fasilitas pinjaman ini dijamin dengan piutang pembiayaan These loan facilities are secured by consumer financing
konsumen dengan nilai sekurang-kurangnya sebesar receivables with a minimum amount of 100% (facility I)
100% (fasilitas I) dan 50% (fasilitas VI) dari jumlah saldo and 50% (facility VI) of total outstanding borrowings,
pinjaman yang diterima, sedangkan fasilitas II, III, IV dan V while facility II, III, IV and V are unsecured (Note 12).
tidak dijamin oleh jaminan khusus (Catatan 12). ADMF ADMF is also required to maintain certain financial ratio,
juga diharuskan untuk mempertahankan rasio keuangan, such as debt to equity ratio not to exceed 7.5:1.
seperti rasio jumlah utang terhadap jumlah ekuitas tidak
melebihi rasio 7,5:1.
diperkenankan antara lain, menjual, memindahkan dan ADMF is not allowed to, among others, sell, transfer and
mengalihkan jaminan, kecuali dengan persetujuan tertulis assign the collateral, except with prior written consent
terlebih dahulu dari DBS. from DBS.
ADMF telah melunasi seluruh utang pokok DBS (fasilitas I) ADMF has fully paid the outstanding principal of DBS
berkisar antara tanggal 7 Maret 2013 sampai dengan (facility I) from 7 March 2013 to 12 March 2013, (facility
12 Maret 2013, (fasilitas II) berkisar antara tanggal 3 Juni II) from 3 June 2013 to 7 June 2013, (facility III) from
2013 sampai dengan 7 Juni 2013, (fasilitas III) berkisar 7 October 2013 to 4 November 2013, (facility IV) from
antara tanggal 7 Oktober 2013 sampai dengan 22 May 2014 to 10 June 2014 and (facility V) from
4 November 2013, (fasilitas IV) berkisar antara tanggal 29 January 2014 to 4 August 2014.
22 Mei 2014 sampai dengan 10 Juni 2014 dan (fasilitas V)
berkisar antara tanggal 29 Januari 2014 sampai dengan
4 Agustus 2014.
seluruh persyaratan yang disebutkan dalam perjanjian the requirements set out in this loan facility agreement.
diamortisasi pada tanggal 31 Desember 2014 sebesar 31 December 2014 amounted to Rp222 (2013: Rp96); is
Rp222 (2013: Rp96) dikurangkan dari jumlah nilai nominal deducted from the balance of the nominal amount this
fasilitas pinjaman ini. loan facility.
Pada tanggal 31 Desember 2014, saldo pinjaman yang As of 31 December 2014, the outstanding balance
diterima dalam mata uang Dolar Amerika Serikat sebesar of the borrowings denominated in United States
USD100.000.000 (2013: USD200.000.000), termasuk Dollar amounting to USD100,000,000 (2013:
bunganya telah dilindung nilai dengan kontrak cross USD200,000,000), including the interest, was hedged by
currency swap (Catatan 10). cross currency swap (Note 10).


International Finance Corporation (IFC) International Finance Corporation (IFC)
Bank memiliki fasilitas kredit yang diperoleh dari IFC untuk The Bank has credit facility obtained from IFC to finance
disalurkan sebagai kredit kepada pengusaha kecil dan small and medium scale enterprises, consumer, and
menengah, kredit konsumen, dan kredit usaha mikro. microfinance lending. Total facility is equivalent to
Fasilitas kredit yang diperoleh setara dengan USD150,000,000 and matured on 15 December 2013.
USD150.000.000 dan jatuh tempo pada tanggal Interest rate ranged from 2.29% - 10.72% per annum for
15 Desember 2013. Tingkat suku bunga setahun berkisar the year ended 31 December 2013. The Bank has fully
antara 2,29% - 10,72% per tahun untuk tahun yang paid the outstanding principal of this facility.
berakhir pada tanggal 31 Desember 2013. Bank telah
melunasi seluruh utang pokok fasilitas kredit tersebut.
Bank memperoleh fasilitas kredit yang baru dari IFC The Bank obtained new credit facility from IFC with total
dengan jumlah setara dengan USD 75.000.000 dan akan facility equivalent to USD75,000,000 and will mature on
jatuh tempo pada tanggal 15 November 2018. Tingkat 15 November 2018. Contractual interest rate is at
suku bunga kontraktual adalah LIBOR 6 bulan + 1,87% 6 month LIBOR + 1.87% per annum. The outstanding
per tahun. Saldo pinjaman pada tanggal 31 Desember balance of the borrowing as of 31 December 2014
2014 adalah sebesar USD66.666.667 atau setara dengan amounted to USD66,666,667 or equivalent to
Rp825.667 (Catatan 54) (2013: sebesar USD75.000.000 Rp825,667 (Note 54) (2013: amounted to
atau setara dengan Rp912.750). USD75,000,000 or equivalent to Rp912,750).
Perjanjian pinjaman ini mencakup adanya pembatasan- This loan agreement includes certain covenants which
pembatasan tertentu yang umumnya diharuskan dalam are normally required for such credit facilities, among
pemberian fasilitas kredit, antara lain, pembatasan untuk others, limitations to initiate merger or consolidation with
melakukan penggabungan usaha atau konsolidasi dengan other parties, enter into any transaction except in the
pihak lain, mengadakan transaksi dengan pihak lain selain ordinary course of business on ordinary commercial
yang timbul dalam kegiatan usaha yang normal dengan terms and on the basis of arms-length arrangement,
persyaratan komersial yang normal dan merupakan change the Articles of Association in any manner which
transaksi yang wajar, melakukan perubahan atas would be inconsistent with the provisions of this
Anggaran Dasar yang menyebabkan ketidakkonsistenan agreement, or change the fiscal year; sell, transfer, lease
dengan perjanjian ini, atau melakukan perubahan tahun or otherwise dispose of all or a substantial part of the
fiskal; menjual, memindahkan, menyewakan atau assets whether in a single transaction or in a series of
sebaliknya menjual semua atau sebagian besar aset yang transactions (excluding assets for securitization) without
dimiliki baik dalam satu transaksi maupun beberapa prior written notification to IFC; maintenance of certain
transaksi (di luar aset untuk sekuritisasi) tanpa agreed financial ratios such as Capital Adequacy Ratio,
pemberitahuan secara tertulis sebelumnya kepada IFC; Net Open Position, Legal Lending Limit for Commercial
mempertahankan rasio-rasio keuangan tertentu seperti Bank, Open Credit Exposure Ratio, Interest Rate Gap
Kewajiban Penyediaan Modal Minimum, Posisi Devisa Ratio and Actuarial Maturity Gap Ratio, and limitation on
Neto, Batas Maksimum Pemberian Kredit Bank Umum, distributing dividend.
Open Credit Exposure Ratio, Interest Rate Gap Ratio, dan
Actuarial Maturity Gap Ratio yang disepakati, dan
pembatasan pemberian dividen.
Pembatasan pemberian dividen yang dimaksud adalah Limitation on distributing dividend means that unless IFC
kecuali jika disetujui oleh IFC, Bank dilarang untuk otherwise agrees, the Bank shall not declare or pay any
mengumumkan atau membayar dividen ataupun dividend or make any distribution on its share capital
mendistribusikan sahamnya (selain dividen atau distribusi (other than dividends or distributions payable in shares of
terutang dalam bentuk saham Bank), atau melakukan the Bank), or purchase, redeem, or otherwise acquire
pembelian, menarik kembali, atau memperoleh saham any shares of the Bank or grant option over them if an
Bank atau memberikan opsi terhadap saham Bank jika Event of Default or Potential Event of Default has
Wanprestasi atau Potensi Wanprestasi telah terjadi dan occurred and is then continuing, or the Bank does not
masih berlangsung, atau Bank tidak memenuhi comply with financial covenants, or the Bank incurred a
pembatasan keuangan (financial covenants), atau Bank loss in the fiscal year for which the dividend is
mengalami kerugian pada tahun buku dimana dividen considered.
dipertimbangkan.


International Finance Corporation (IFC) (lanjutan) International Finance Corporation (IFC) (continued)
Pada tanggal-tanggal 31 Desember 2014 dan 2013, Bank As of 31 December 2014 and 2013, the Bank has
telah mematuhi semua pembatasan-pembatasan complied with the aforementioned covenants in relation
sehubungan dengan perjanjian pinjaman dengan IFC to the loan agreements with IFC.
tersebut.
Wells Fargo Bank, National Bank Wells Fargo Bank, National Bank
Bank memiliki fasilitas pinjaman yang diterima dari Wells The Bank has a credit facility received from Wells Fargo
Fargo Bank, National Bank yang akan digunakan untuk Bank, National Bank which will be used only to expand
keperluan ekspansi kredit portofolio kepada nasabah the small medium enterprise loan portfolio. The
usaha kecil dan menengah. Batas maksimum pinjaman ini maximum principal of this facility amounted to
sebesar USD50.000.000, dimulai pada tanggal 13 Maret USD50,000,000, and started on 13 March 2013 and will
2013 dan akan jatuh tempo pada tanggal 14 Maret 2016. mature on 14 March 2016. The contractual interest rate
Tingkat suku bunga kontraktual berpatokan pada suku is benchmarked on LIBOR interest rate plus margin rate
bunga LIBOR ditambah marjin sebesar 1,55% per tahun. at 1.55% per annum.
Perjanjian pinjaman ini mencakup adanya pembatasan- This loan agreement includes certain covenants which
pembatasan tertentu yang umumnya diharuskan dalam are normally required for such credit facilities among
pemberian fasilitas kredit antara lain menjaga aset yang others, maintain all of the assets which are used in the
digunakan dalam bisnis, menjaga keberadaan usaha conduct of the business, maintain corporate existence
termasuk ijin usaha, kepatuhan terhadap semua including business license, compliance with all applicable
peraturan, kepatuhan terhadap penggunaan pinjaman, laws and regulations, comply with the intends use of loan
dan juga kepatuhan terhadap pembatasan sesuai dengan facility proceeds, and also comply with all covenants as
yang diwajibkan oleh Overseas Private Investment required by Overseas Private Investment Corporation
Corporation (OPIC). (OPIC).
Pada tanggal 31 Desember 2014, Bank telah mematuhi As of 31 December 2014, the Bank complied with the
semua pembatasan-pembatasan penting sehubungan aforementioned covenants in relation to the loan
dengan perjanjian pinjaman dengan Wells Fargo Bank. agreement with Wells Fargo Bank.
Australia and New Zealand Banking Group Ltd. (ANZ) - Australia and New Zealand Banking Group Ltd.
Cabang Singapura (ANZ) - Singapore Branch
ADMF memiliki fasilitas pinjaman modal kerja dari ANZ ADMF has a working capital facility from ANZ with a
dengan batas maksimum kredit sejumlah USD30.000.000, maximum credit limit amounting to USD30,000,000,
dimulai sejak tanggal 14 Maret 2014 dan jatuh tempo pada which started on 14 March 2014 and maturing on 9 May
tanggal 9 Mei 2016 dengan tingkat suku bunga kontraktual 2016 with contractual interest rate per annum based on
per tahun berpatokan pada USD 3 bulan LIBOR ditambah 3 months USD LIBOR plus margin rate at 1.80% with
dengan tingkat marjin sebesar 1,80% yaitu berkisar antara aggregate interest at rates ranging from 2.02% - 2.04%
2,02% - 2,04% pada tahun 2014. in 2014.
Fasilitas pinjaman ini dijamin oleh piutang pembiayaan This loan facility is secured by consumer financing
persetujuan tertulis terlebih dahulu dari ANZ. ANZ.


Australia and New Zealand Banking Group Ltd. (ANZ) - Australia and New Zealand Banking Group Ltd.
Cabang Singapore (lanjutan) (ANZ) - Singapore Branch (continued)
laporan laba rugi komprehensif konsolidasian sebesar statement of comprehensive income amounted to
Rp990; sedangkan bagian yang belum diamortisasi pada Rp990; while the unamortized portion as of 31 December
tanggal 31 Desember 2014 sebesar Rp2.991 dikurangkan 2014 amounting to Rp2,991 was deducted of the
dari jumlah nilai nominal fasilitas pinjaman ini. nominal amount of this loan facility.
Saldo pinjaman yang diterima dalam mata uang Dolar The outstanding balance of the borrowings denominated
Amerika Serikat sebesar USD30.000.000 pada tanggal in United States Dollar amounting to USD30,000,000 as
31 Desember 2014 termasuk bunganya, telah dilindung of 31 December 2014, including the interest, was hedged
nilai dengan kontrak cross currency swap (Catatan 10). by cross currency swap (Note 10).
Pinjaman Bankers Acceptance Bankers Acceptance
Pada tanggal-tanggal 31 Desember 2014 dan 2013, akun As of 31 December 2014 and 2013, this account
ini merupakan pinjaman antar bank yang diperoleh Bank represents interbank borrowings obtained by the Bank
dari berbagai bank luar negeri. Pada tanggal 31 Desember from various foreign banks. As of 31 December 2014,
2014, saldo pinjaman ini adalah USD25.000.000 (Catatan the outstanding borrowing amounted to USD25,000,000
54) (2013: USD244.891.926) dengan tingkat suku bunga (Note 54) (2013: USD244,891,926) with interest rate at
1,03% per tahun untuk tahun yang berakhir pada tanggal 1.03% per annum for the year ended 31 December 2014
31 Desember 2014 (2013: berkisar antara 0,80% - 1,22% (2013: ranging from 0.80% - 1.22% per annum).
per tahun).
Citibank N.A., Cabang Indonesia (Citibank) Citibank N.A.,Indonesia Branch (Citibank)
Bank memperoleh fasilitas kredit dari Citibank sebesar The Bank has credit facility from Citibank amounting to
USD20.000.000 dan akan jatuh tempo pada tanggal USD20,000,000 which will mature on 3 August 2016. As
3 Agustus 2016. Pada tanggal 31 Desember 2014, saldo of 31 December 2014, this outstanding borrowing
pinjaman ini adalah sebesar USD20.000.000 (Catatan 54) amounted to USD20,000,000 (Note 54) or equivalent to
atau setara dengan Rp247.700 (2013: USD20.000.000 Rp247,700 (2013: USD20,000,000 or equivalent to
atau setara dengan Rp243.400) dengan tingkat suku Rp243,400) with interest at 1.73% for the year ended
bunga sebesar 1,73% untuk tahun yang berakhir pada 31 December 2014 (2013: interest rate ranged from
tanggal 31 Desember 2014 (2013: tingkat suku bunga 2.01% - 2.33%).
berkisar antara 2,01% - 2,33%).
Pembiayaan Kembali Letter of Credit Letter of Credit Refinancing
Akun ini merupakan pinjaman antar bank yang diperoleh This account represents interbank borrowings obtained
Bank dari berbagai bank luar negeri. Pada tanggal by the Bank from various foreign banks. As of
31 Desember 2014, pinjaman ini telah dibayar penuh. 31 December 2014, this borrowing had been fully paid.
Pada tanggal 31 Desember 2013, saldo pinjaman ini The outstanding balances as of 31 December 2013 was
sebesar Rp2.841.076 dengan tingkat suku bunga 1,01% - USD2,841,076 with interest at rates ranging from 1.01%
1,28% pada tahun 2013. - 1.28%.


Bank of Tokyo-Mitsubishi UFJ Ltd., Cabang Jakarta Bank of Tokyo-Mitsubishi UFJ Ltd., Jakarta Branch
(BTMU) (BTMU)
ADMF memiliki fasilitas pinjaman modal kerja dari BTMU ADMF has a working capital facility from BTMU with a
dengan batas maksimum kredit sejumlah USD25.000.000, maximum credit limit amounting to USD25,000,000,
dimulai sejak tanggal 25 Juli 2011 dan jatuh tempo pada which started on 25 July 2011 and maturing on 4 August
tanggal 4 Agustus 2014. Pembayaran pokok pinjaman ini 2014. Principal of this loan is paid on a quarterly basis.
dibayarkan setiap tiga bulan sekali. Tingkat suku bunga The contractual interest rates per annum are based
kontraktual setahun berpatokan pada BTMU 3 bulan on 3 month BTMU SIBOR/LIBOR plus margin rate at
SIBOR/LIBOR ditambah dengan tingkat marjin sebesar 1.25% with aggregate interest ranging from 1.51% -
1,25% yaitu berkisar antara 1,51% - 1,57% pada tahun 1.57% in 2014 (2013: 1.51% - 1.57%).
2014 (2013: 1,51% - 1,57%).
Fasilitas pinjaman ini dijamin oleh piutang pembiayaan This loan facility is secured by consumer financing
konsumen dengan nilai sekurang-kurangnya sebesar receivables with a minimum amount of 100% of total
100% dari jumlah saldo pinjaman yang diterima (Catatan outstanding borrowings (Note 12). ADMF is also required
12). ADMF juga diharuskan untuk mempertahankan rasio to maintain certain financial ratio, such as debt to equity
keuangan, seperti rasio jumlah utang terhadap jumlah ratio not to exceed 7.5:1 and total revenue to total
ekuitas tidak melebihi rasio 7,5:1, dan rasio jumlah financial charge ratio of at least 2:1.
pendapatan terhadap jumlah beban keuangan tidak
kurang dari rasio 2:1.
persetujuan tertulis terlebih dahulu dari BTMU. BTMU.
ADMF telah melunasi seluruh utang pokok BTMU pada ADMF had fully paid the outstanding principal of BTMU
tanggal 4 Agustus 2014. on 4 August 2014.
diamortisasi pada tanggal 31 Desember 2013 sebesar 31 December 2013 amounting to Rp55 is deducted from
Rp55 dikurangkan dari jumlah nilai nominal fasilitas the balance of the nominal amount of this loan facility.
pinjaman ini.
Saldo pinjaman yang diterima dalam mata uang Dolar The outstanding balance of the borrowings denominated
Amerika Serikat sebesar USD6.250.000 pada tanggal 31 in United States Dollar amounting to USD6,250,000 as of
Desember 2013, termasuk bunganya, telah dilindung nilai 31 December 2013, including the interest, were hedged
dengan kontrak cross currency swap (Catatan 10). by cross currency swap (Note 10).


PT Bank OCBC NISP Tbk (OCBC) PT Bank OCBC NISP Tbk (OCBC)
ADMF memiliki fasilitas pinjaman modal kerja dari OCBC ADMF has a working capital facility from OCBC with a
dengan batas maksimum kredit sejumlah Rp200.000, maximum credit limit amounting to Rp200,000, which
dimulai sejak tanggal 11 Agustus 2014 dan jatuh tempo started on 11 August 2014 and maturing on
pada tanggal 11 November 2016. 11 November 2016.
dari saldo pinjaman yang diterima (Catatan 12). ADMF outstanding borrowing (Note 12). ADMF is also required
juga diharuskan untuk mempertahankan rasio keuangan, to maintain certain financial ratio, such as debt to equity
seperti rasio jumlah utang terhadap jumlah ekuitas tidak ratio not to exceed 10:1.
diperkenankan antara lain, memindahtangankan kekayaan is not allowed to, among others, hand over ADMFs
ADMF atau mengikat diri sebagai penjamin, kecuali assets or act as a guarantor, except with prior written
dengan pemberitahuan tertulis terlebih dahulu kepada notification to OCBC.
OCBC.
Pada tanggal 31 Desember 2014, ADMF belum As of 31 December 2014, ADMF has not made a
melakukan penarikan atas fasilitas pinjaman ini. drawdown from the loan facility.
25. PERPAJAKAN 25. TAXATION
a. Pajak dibayar dimuka a. Prepaid tax
2014 2013
Bank Bank
Surat ketetapan pajak 92.476 92.476 Tax assessment letter
Entitas Anak Subsidiaries
Pajak dibayar dimuka 28.347 - Prepaid tax
120.823 92.476


25. PERPAJAKAN (lanjutan) 25. TAXATION (continued)
b. Utang pajak b. Taxes payable
2014 2013
Bank Bank
Pajak Penghasilan Badan 12.568 25.733 Corporate Income Tax
Pajak Penghasilan: Income Tax:
- Pasal 21 44.473 40.314 Article 21 -
- Pasal 23/26 6.183 11.933 Articles 23/26 -
- Pasal 25 37.645 46.150 Article 25 -
Pajak Pertambahan Nilai 3.377 2.371 Value Added Tax
104.246 126.501

- Pajak Penghasilan Badan 40.867 89.100 Corporate Income Tax -
- Pajak Penghasilan Lainnya 38.522 18.530 Other Income Taxes -
79.389 107.630
183.635 234.131
c. Beban pajak penghasilan c. Income tax expense
2014 2013
Bank Bank
Kini 707.458 780.968 Current
Tangguhan (144.877) (65.517) Deferred
562.581 715.451
Kini 516.486 723.688 Current
308.291 655.442
Konsolidasian Consolidated
Kini 1.223.944 1.504.656 Current
870.872 1.370.893


c. Beban pajak penghasilan (lanjutan) c. Income tax expense (continued)
Rekonsiliasi antara laba sebelum pajak penghasilan, The reconciliation between income before income
seperti yang disajikan dalam laporan laba rugi tax, as shown in the consolidated statements of
komprehensif konsolidasian, dan penghasilan kena comprehensive income of the Bank, and taxable
pajak Bank untuk tahun yang berakhir pada tanggal- income for the years ended 31 December 2014 and
tanggal 31 Desember 2014 dan 2013 adalah sebagai 2013 is as follows:
berikut:
2014 2013
Laba konsolidasian Consolidated income
sebelum pajak penghasilan 3.553.534 5.530.213 before income tax
Laba sebelum pajak - Income before tax -
Entitas Anak (1.442.464) (2.759.373) Subsidiaries
Laba sebelum pajak - Bank 2.111.070 2.770.840 Income before tax - Bank
Hasil dividen dari Entitas Dividend income
Anak 2.810.078 908.265 from Subsidiaries
Laba akuntansi sebelum pajak Accounting income before tax
(Bank saja) 4.921.148 3.679.105 (Bank only)
Perbedaan temporer: Temporary differences:

- Pemulihan kerugian Recovery of impairment -
penurunan nilai atas aset dan losses on assets
penghapusbukuan pinjaman 388.768 134.105 and loans written off
- (Keuntungan)/kerugian Unrealized (gains)/losses -
yang belum direalisasi atas from changes in fair
perubahan nilai wajar value of marketable
efek-efek dan Obligasi securities and Government
Pemerintah - neto (3.848) 232 Bonds - net
- Penyusutan aset tetap 62.360 43.123 Depreciation of fixed assets -
- Pembalikan imbalan
kerja karyawan 123.000 84.605 Reversal of employee benefits -
- Lain-lain 9.228 - Others -
5.500.656 3.941.170
Perbedaan permanen: Permanent differences:
- Hasil dividen dari Dividend income -
Entitas Anak (2.810.078) (908.265) from Subsidiaries
- Pemulihan kerugian Recovery of impairment -
penurunan nilai atas aset dan losses on assets
penghapusbukuan pinjaman (1.852) (22.012) and loans written off
- Penyusutan aset tetap 61.869 47.748 Depreciation of fixed assets -
- Lain-lain 79.239 65.230 Others -
(2.670.822) (817.299)
Penghasilan kena pajak 2.829.834 3.123.871 Taxable income
Beban pajak penghasilan badan 707.458 780.968 Corporate income tax expense
Dikurangi: Less:
Pajak dibayar dimuka pasal 25 (694.890) (755.235) Prepaid tax article 25
Pajak dibayar dimuka badan 12.568 25.733 Prepaid corporate tax
Laba kena pajak hasil rekonsiliasi di atas akan Taxable income from the above reconciliation will
menjadi dasar dalam pengisian Surat Pemberitahuan become the basis for filing Annual Corporate Tax
Tahunan (SPT) pajak untuk tahun yang berakhir Return for the year ended 31 December 2014.
pada tanggal 31 Desember 2014.

Rekonsiliasi atas beban pajak penghasilan Bank The reconciliation between the Banks income tax
dengan perkalian laba akuntansi Bank sebelum pajak expense and the Banks accounting profit before tax
penghasilan dan tarif pajak yang berlaku adalah multiplied by the prevailing tax rates is as follows:
sebagai berikut:
2014 2013
Laba sebelum pajak penghasilan - Income before income tax - Bank,
Bank, setelah dikurangi bagian laba net of equity in net income
atas laba Entitas Anak 4.921.148 3.679.105 of Subsidiaries
Tax calculated at
Pajak dihitung pada tarif pajak 1.230.287 919.776 statutory tax rate
Beban yang tidak dapat
dikurangkan (667.706) (204.325) Non-deductible expenses
Beban pajak penghasilan 562.581 715.451 Income tax expense
Bank Bank
Pemeriksaan pajak tahun 2008 Tax audit for the fiscal year 2008
Pada bulan Februari 2012, Bank menerima Surat In February 2012, the Bank received tax assessment
Ketetapan Pajak (SKP) untuk tahun fiskal 2008. letters for the fiscal year 2008. Based on the
Berdasarkan SKP tersebut, Kantor Pajak menetapkan assessment letters, the Tax Office confirmed the
kurang bayar atas pajak penghasilan karyawan, pajak underpayment of employee income tax, withholding
penghasilan pasal 23/26, pajak final pasal 4(2), Pajak tax articles 23/26, final tax article 4(2), Value Added
Pertambahan Nilai (PPN), dan pajak penghasilan Tax (VAT), and corporate income tax aggregating
badan dengan jumlah keseluruhan Rp106.607. Hasil Rp106,607. The result of the audit was agreed by
pemeriksaan tersebut telah disetujui oleh Manajemen the Banks Management, except for the assessment
Bank, kecuali ketetapan kurang bayar pajak on the underpayment of corporate income tax and
penghasilan badan dan pajak penghasilan pasal 26 withholding tax articles 26 of Rp30,621 and
masing-masing sebesar Rp30.621 dan Rp61.861. Rp61,861, respectively. On 3 May 2012, the Bank
Pada tanggal 3 Mei 2012, Bank telah mengajukan submitted objection letter on the above tax
surat keberatan atas penetapan pajak tersebut. assessments.
Hasil pemeriksaan yang telah disetujui Manajemen The tax assessment which was agreed by the
Bank masing-masing sebesar Rp13.463 dan Rp662 Banks Management of Rp13,463 and Rp662 was
telah dibebankan ke laporan laba rugi komprehensif charged to the 2011 and 2012 consolidated
konsolidasian tahun 2011 dan 2012. statement of comprehensive income, respectively.
Pada bulan April 2013, Kantor Pelayanan Pajak telah In April 2013, the Tax Office issued a rejection letter
menerbitkan surat keputusan penolakan permohonan to the objection letter on withholding tax article 26
keberatan pajak penghasilan pasal 26 dan hanya and only agreed to the objection on the corporate
menyetujui permohonan keberatan pajak penghasilan income tax of Rp6. In July 2013, the Bank submitted
badan sebesar Rp6. Pada bulan Juli 2013, Bank telah an appeal to the Tax Court on withholding tax
mengajukan permohonan banding ke Pengadilan article 26 and the corporate income tax of Rp61,861
Pajak atas pajak penghasilan pasal 26 dan pajak and Rp30,615, respectively, which was rejected by
penghasilan badan masing-masing sebesar Rp61.861 the Tax Court. The Bank filed a request for tax
dan Rp30.615 dan ditolak oleh Pengadilan Pajak. reconsideration on the Tax Court decision with the
Atas penolakan ini Bank telah mengajukan Supreme Court on 26 November 2014.
permohonan peninjauan kembali atas putusan
Pengadilan Pajak ke Mahkamah Agung pada tanggal
26 November 2014.
Jumlah yang telah dibayarkan sebesar Rp92.476 The amount paid of Rp92,476 is recorded as prepaid
dicatat sebagai pajak dibayar dimuka. tax.


Pemeriksaan Pajak atas Pajak Penghasilan Badan Tax Audit for 2009 Corporate Income Tax
tahun 2009
Pada bulan Desember 2014, Bank menerima Surat In December 2014, the Bank received tax
Ketetapan Pajak (SKP) Penghasilan Badan tahun assessment letter for corporate income tax for fiscal
2009. Berdasarkan SKP tersebut, Kantor Pajak year 2009. Based on the assessment letter, the Tax
menetapkan kurang bayar atas pajak penghasilan Office confirmed the underpayment of corporate
badan sebesar Rp8.367. income tax of Rp8,367.
Atas SKP ini, Bank tidak setuju dengan ketetapan The Bank disagrees with the assessment and will file
pajak tersebut dan akan mengajukan permohonan objection letter to the Directorate General of Tax.
keberatan kepada Direktorat Jenderal Pajak.
Pemeriksaan Pajak Penghasilan Karyawan tahun Tax Audit for 2011 Employee Income Tax
2011
Pada bulan Juli 2013, Bank menerima Surat In July 2013, the Bank received tax assessment
Ketetapan Pajak (SKP) Penghasilan Karyawan tahun letter for the employee income tax for fiscal year
2011. Berdasarkan SKP tersebut, Kantor Pajak 2011. Based on the assessment letter, the Tax
menetapkan kurang bayar atas pajak penghasilan Office confirmed the underpayment of employee
karyawan sebesar Rp131. income tax of Rp131.
Hasil pemeriksaan tersebut telah disetujui oleh The tax assessment has been agreed by the Banks
Manajemen Bank dan telah dibebankan ke laporan Management and was charged to the 2013
laba rugi komprehensif konsolidasian tahun 2013. consolidated statement of comprehensive income.
d. Aset pajak tangguhan d. Deferred tax assets
Bank Bank
2014
Dikreditkan ke
pendapatan
Dikreditkan/ komprehensif
(dibebankan) ke laba lain/Credited
rugi/Credited/ to other
1 Januari/ (charged) to profit or comprehensive 31 Desember/
January loss income December
Aset/(liabilitas) pajak Deferred tax assets/
tangguhan: (liabilities):
- Penyisihan kerugian
penurunan nilai atas aset Allowance for impairment -
dan penghapusbukuan losses on asset
pinjaman 627.845 97.192 - 725.037 and loans written off
- Kerugian/(keuntungan) Unrealized losses/(gains) -
yang belum direalisasi from changes in fair
atas perubahan nilai wajar value of marketable
efek-efek dan Obligasi securities and
Pemerintah - neto 28.792 (962) (15.388) 12.442 Government Bonds - net
- Imbalan kerja karyawan Accrued employee -
yang masih harus dibayar 299.993 30.750 - 330.743 benefits
- Penyusutan aset tetap (10.432) 15.590 - 5.158 Depreciation of fixed assets -
- Lain-lain - 2.307 - 2.307 Others -
- Pendapatan komprehensif Other comprehensive -
lain - - (2.164) (2.164) income
Jumlah aset pajak Total deferred tax
tangguhan - neto 946.198 144.877 (17.552) 1.073.523 assets - net


d. Aset pajak tangguhan (lanjutan) d. Deferred tax assets (continued)
2013
Dikreditkan ke
pendapatan
(dibebankan) ke laba lain/Credited
rugi/Credited/ to other
1 Januari/ (charged) to profit or comprehensive 31 Desember/
January loss income December

- Penyisihan kerugian
penurunan nilai atas aset Allowance for impairment -
dan penghapusbukuan losses on assets and
pinjaman 586.137 41.708 - 627.845 and loans written off
- Kerugian/(keuntungan) Unrealized losses/(gains) -
yang belum direalisasi from changes in fair
atas perubahan nilai wajar value of marketable
efek-efek dan Obligasi securities and
Pemerintah - neto (712) 58 29.446 28.792 Government Bonds - net
yang masih harus dibayar 278.842 21.151 - 299.993 benefits
- Penyusutan aset tetap (21.213) 10.781 - (10.432) Depreciation of fixed assets -
- Penyisihan kerugian Allowance for -
penurunan nilai atas impairment losses on
piutang lain-lain 8.181 (8.181) - - other receivable
Jumlah aset pajak Total deferred tax
tangguhan - neto 851.235 65.517 29.446 946.198 assets - net
2014
Dikreditkan/
(dibebankan) ke laba
rugi/Credited/ 31 Desember/
1 Januari/ January (charged) to profit or loss December
- Penyisihan untuk Incurred But Provision for Incurred But -
Not Yet Reported (IBNR) Not Yet Reported (IBNR)
Claim 8.451 1.774 10.225 Claims
- Unearned Premium Reserve Unearned Premium Reserve -
(UPR) 45.173 5.982 51.155 (UPR)
- Penyisihan piutang Allowance for other -
lain-lain 673 5.111 5.784 receivables
- Penyusutan aset tetap 1.104 (220) 884 Depreciation of fixed assets -
yang masih harus dibayar 20.512 18.590 39.102 benefits
Jumlah aset pajak tangguhan - Total deferred tax
neto 75.913 31.237 107.150 assets - net


d. Aset pajak tangguhan (lanjutan) d. Deferred tax assets (continued)
Entitas Anak (lanjutan) Subsidiaries (continued)
2013
Dikreditkan/
(dibebankan) ke
laba rugi/
Credited/ 31
1 Januari/ (charged) to Penyesuaian/ Desember/
January profit or loss Adjustment December
- Penyisihan untuk Incurred But Provision for Incurred But -
Not Yet Reported (IBNR) Not Yet Reported (IBNR)
Claim 7.494 957 - 8.451 Claim
- Unearned Premium Reserve Unearned Premium Reserve -
(UPR) 32.235 12.938 - 45.173 (UPR)
- Penyisihan piutang Allowance for other -
lain-lain 57 4.162 (3.546) 673 receivables
- Penyusutan aset tetap (113) 964 253 1.104 Depreciation of fixed assets -
yang masih harus dibayar 12.215 3.644 4.653 20.512 benefits
- Lain-lain - 2.037 (2.037) - Others -
Jumlah aset pajak tangguhan - Total deferred tax

neto 51.888 24.702 (677) 75.913 assets - net
e. Liabilitas pajak tangguhan e. Deferred tax liabilities
2014
Dikreditkan ke
pendapatan
(dibebankan) ke lain/Credited
laba rugi/ to other
1 Januari/ Credited/(charged) comprehensive 31 Desember/
January to profit or loss income December

- Biaya transaksi terkait Transaction cost related -
perolehan piutang to acquisition of consumer
pembiayaan konsumen (553.180) (7.730) - (560.910) financing receivables
- Imbalan kerja karyawan Accrued employees -
yang masih belum dibayar 100.980 5.977 - 106.957 benefits
- Penyusutan aset tetap (19.793) 104 - (19.689) Depreciation of fixed assets -
Allowance for other -
- Penyisihan piutang lain-lain 95.409 175.406 - 270.815 receivables
- Promosi 28.883 10.470 - 39.353 Promotion -
- Bagian efektif atas perubahan Effective portion on -
nilai wajar instrumen fair value changes of
derivatif untuk lindung derivative instruments for
nilai arus kas 8.999 - 15.527 24.526 cash flow hedge
- Lain-lain (8.722) (7.269) - (15.991) Others -
Jumlah liabilitas pajak Total deferred tax

tangguhan - neto (347.424) 176.958 15.527 (154.939) liabilities - net


e. Liabilitas pajak tangguhan (lanjutan) e. Deferred tax liabilities (continued)
2013
Dikreditkan ke
pendapatan
(dibebankan) ke lain/Credited
laba rugi/ to other 31
1 Januari/ Credited/(charged) comprehensive Penyesuaian/ Desember/
January to profit or loss income Adjustment December

- Biaya transaksi terkait Transaction cost related -
perolehan piutang to acquisition of consumer
pembiayaan konsumen (476.228) (76.952) - - (553.180) financing receivables
- Imbalan kerja karyawan Accrued employees -
yang masih belum dibayar 83.076 22.557 - (4.653) 100.980 benefits
- Penyusutan aset tetap (17.642) (1.898) - (253) (19.793) Depreciation of fixed assets -
Allowance for other -
- Penyisihan piutang lain-lain (10.177) 102.040 - 3.546 95.409 receivables
- Promosi 23.559 5.324 - - 28.883 Promotion -
- Bagian efektif atas perubahan Effective portion on -
nilai wajar instrumen fair value changes of
derivatif untuk lindung derivative instruments for
nilai arus kas - - 8.999 - 8.999 cash flow hedge
- Lain-lain (3.232) (7.527) - 2.037 (8.722) Others -
Jumlah liabilitas pajak Total deferred tax

tangguhan - neto (400.644) 43.544 8.999 677 (347.424) liabilities net
f. Administrasi f. Administration
Sesuai dengan peraturan perpajakan di Indonesia, Under the taxation laws in Indonesia, the Bank and
Bank dan Entitas Anak melaporkan/menyetorkan Subsidiaries submit/pay individual corporate tax
pajak untuk setiap perusahaan sebagai suatu badan returns (income tax reporting on consolidated basis
hukum yang terpisah (pelaporan pajak penghasilan is not allowed) on the basis of self-assessment. The
konsolidasi tidak diperbolehkan) berdasarkan prinsip tax authorities may assess or amend taxes within the
self assessment. Fiskus dapat menetapkan/ statute of limitation, under prevailing regulations.
mengubah pajak-pajak tersebut dalam jangka waktu
tertentu sesuai peraturan yang berlaku.


26. BEBAN YANG MASIH HARUS DIBAYAR DAN 26. ACCRUALS AND OTHER LIABILITIES
LIABILITAS LAIN-LAIN
Beban yang masih harus dibayar dan liabilitas lain-lain Accruals and other liabilities due to related parties are
atas pihak berelasi diungkapkan pada Catatan 46. disclosed in Note 46.
Informasi mengenai jatuh tempo beban yang masih harus Information in respect of maturities of accruals and other
dibayar dan liabilitas lain-lain diungkapkan pada liabilities is disclosed in Note 49d.
Catatan 49d.
2014 2013
Beban yang masih harus dibayar 1.913.940 1.840.285 Accrued expenses

Penyisihan imbalan kerja karyawan Provision for employee benefits
(Catatan 42) 1.286.820 1.079.913 (Note 42)
Estimasi klaim 731.338 589.748 Estimated claims
Utang bunga 681.731 530.077 Interest payables
Utang kepada dealer 592.902 571.188 Payable to dealers
Pendapatan diterima dimuka 177.077 241.102 Unearned income
Liabilitas lain-lain - pinjaman Other liabilities - subordinated
subordinasi dan modal pinjaman debts and loan capital
Dana setoran 111.369 115.556 Temporary fund
Utang reasuransi 108.713 76.500 Reinsurance payable
Pajak final 102.525 73.538 Final tax
Utang kepada merchant 27.461 45.452 Payable to merchants
Kompensasi beban penggabungan Compensation for merger costs
usaha 8 BTO 16.119 16.119 8 BTOs
Pembelian efek-efek yang Accrued purchase of
masih harus dibayar 11.554 22.819 marketable securities
Setoran jaminan 11.907 46.981 Security deposits
Cadangan biaya lainnya 5.788 5.786 Other provisions
Utang dividen 2.927 2.766 Dividend payable
6.396.126 5.790.232
2014 2013

6.396.126 5.790.232
Saldo di atas pada tanggal 31 Desember 2014 terdiri atas The above balance as of 31 December 2014 consists of
beban yang masih harus dibayar dan liabilitas lain-lain accruals and other liabilities in Rupiah of Rp6,176,846
dalam Rupiah sebesar Rp6.176.846 dan mata uang asing and in foreign currencies of Rp219,280 (2013:
sebesar Rp219.280 (2013: Rp5.593.418 dan Rp196.814). Rp5,593,418 and Rp196,814).


26. BEBAN YANG MASIH HARUS DIBAYAR DAN 26. ACCRUALS AND OTHER LIABILITIES (continued)
LIABILITAS LAIN-LAIN (lanjutan)
Beban yang masih harus dibayar dan liabilitas lain-lain Accruals and other liabilities in foreign currencies are
dalam mata uang asing terutama terdiri dari Dolar Amerika mainly denominated in United States Dollar, Australian
Serikat, Dolar Australia, Dolar Singapura, Euro Eropa, dan Dollar, Singapore Dollar, European Euro, and Japanese
Yen Jepang (Catatan 54). Yen (Note 54).
Beban yang masih harus dibayar Accrued expenses
Akun ini terdiri dari akrual untuk kesejahteraan karyawan This account represents an accrual for employees
sebesar Rp549.718 (2013: Rp734.078), sebagian akrual welfare of Rp549,718 (2013: Rp734,078), part of accrual
atas program transformasi bisnis sebesar Rp302.729, dan for business transformation program of Rp302,729, and
sisanya merupakan akrual untuk beban operasional Bank the remainder represents accruals in relation to
dan Entitas Anak. operational costs of the Bank and Subsidiaries.
Utang kepada dealer Payable to dealers
Utang kepada dealer merupakan liabilitas Entitas Anak Payable to dealers represents the Subsidiarys liabilities
kepada dealer atas nasabah-nasabah yang telah to dealers for the approved consumer financing contracts,
memperoleh persetujuan kredit dan pihak dealer telah where the dealers have delivered the vehicles to the
menyerahkan kendaraan yang dibiayai kepada nasabah customers.
tersebut.
Pendapatan diterima dimuka Unearned income
Pada tanggal 31 Desember 2011, Bank dan Manulife On 31 December 2011, the Bank and Manulife entered
menyetujui kemitraan preferensi strategis selama 10 tahun into 10 years full preferred strategic partnership focusing
untuk mendistribusikan produk-produk asuransi Manulife in distributing Manulifes insurance products to the Banks
kepada nasabah Bank, dimana Bank telah menerima client base, for which the Bank received in advance the
pembayaran dimuka untuk komitmen Manulife sesuai payment from Manulife for committed provision in
tahapan perjanjian kemitraan strategis. Dalam perjanjian accordance with the stages of the strategic partnership
kemitraan ini, Manulife akan menyediakan antara lain agreement. Under the partnership agreement, Manulife
bantuan teknis dan keahlian bancassurance dalam bidang will provide amongst other, technical support and
pemasaran, promosi, dan distribusi produk asuransi. bancassurance expertise related to marketing, promotion,
and distribution of insurance products.
Utang kepada merchant Payable to merchants
Akun ini merupakan utang kepada merchant dalam rangka This account represents payable to merchants in relation
transaksi kartu kredit. to credit card transactions.


26. BEBAN YANG MASIH HARUS DIBAYAR DAN 26. ACCRUALS AND OTHER LIABILITIES (continued)
LIABILITAS LAIN-LAIN (lanjutan)
Kompensasi beban penggabungan usaha dengan 8 Compensation for merger costs with 8 Banks Taken
Bank Taken Over (BTO) Over (BTOs)
Kompensasi beban penggabungan usaha merupakan Compensation for merger costs is a provision for
cadangan beban sehubungan dengan penggabungan expenditures incurred in relation to the Banks merger
usaha eks 8 BTO dengan Bank, yang antara lain terdiri with 8 BTOs, consisting of, among others, termination of
dari beban pemutusan hubungan kerja, beban legal, dan employees, legal costs, and hedging costs to cover the
beban lindung nilai untuk menutupi risiko kerugian mata foreign currency exposures.
uang asing.
Bank telah mendapatkan persetujuan dari BPPN pada The Bank obtained approval from IBRA on 30 January
tanggal 30 Januari 2003 atas pertanggungjawaban 2003 regarding the utilization of this provision up to
penggunaan cadangan kompensasi beban ini sampai 30November 2002. IBRA also gave the authority to the
dengan tanggal 30 November 2002. BPPN juga Bank to utilize the remaining balance of this provision.
memberikan wewenang kepada Bank atas penggunaan
sisa kompensasi merger.
Informasi mengenai klasifikasi nilai wajar atas beban yang Information with regard to the classification and fair value
masih harus dibayar dan liabilitas lain-lain diungkapkan of accruals and other liabilities is disclosed in Note 50.
,
pada Catatan 50.
27. PINJAMAN SUBORDINASI 27. SUBORDINATED LOANS
Pada tanggal 13 Januari 2011, Bank dan BI telah On 13 January 2011, the Bank and BI signed an
menandatangani addendum atas perjanjian pinjaman addendum to current existing subordinated loan
subordinasi ini dimana Bank setuju untuk mempercepat agreement where the Bank agreed to accelerate the
pembayaran angsuran pokok dan bunga berjalan sampai payment of principal and interest up to 31 December
dengan 31 Desember 2011. Selisih bunga capping akibat 2011. The difference in interest capping due to this
percepatan pelunasan pokok pinjaman ini akan acceleration of principal repayment will be charged and
dibebankan dan dibayar setiap semester mulai dari paid semi-annually starting from 31 December 2010 up to
31 Desember 2010 sampai dengan 31 Desember 2013. 31 December 2013.
Pada tanggal 28 Juni 2011, Bank dan BI menandatangani On 28 June 2011, the Bank and BI signed a third
addendum ketiga atas perjanjian pinjaman subordinasi addendum to the subordinated loan agreement in which
dimana Bank setuju untuk mempercepat pembayaran the Bank agreed to accelerate the ongoing payments of
angsuran pokok dan bunga berjalan pada tanggal 30 Juni principal and interest on 30 June 2011. The Bank had
2011. Bank telah melunasi pinjaman ini pada tanggal fully paid this loan on 30 June 2011.
30 Juni 2011.
tahun yang berakhir pada tanggal 31 Desember 2014 for the year ended 31 December 2014 was nil (2013: nil).
adalah nihil (2013: nihil).
Pinjaman subordinasi sebesar Rp124 miliar (nilai penuh) Subordinated loans of Rp124 billion (full amount) were
merupakan pinjaman yang diperoleh pada tahun 1996 oleh loans received in 1996 by PT Bank Duta Tbk (Bank
PT Bank Duta Tbk (Bank Duta), yang merupakan salah Duta), being one of the BTO banks merged into the Bank
satu dari Bank BTO yang merger dengan Bank pada tahun in 2000, from Bank Dutas former shareholders. These
2000, dari eks pemegang saham Bank Duta terdahulu. subordinated loans have been recorded in the Banks
Pinjaman subordinasi ini telah dibukukan di laporan financial statements as Subordinated Loans as a
keuangan Bank, dalam akun Pinjaman Subordinasi, consequence of the merger, since 30June 2000, being
sebagai konsekuensi dari penggabungan usaha, sejak the effective date of merger. As of 31 December 2007,
tanggal 30 Juni 2000, yang merupakan tanggal efektif these subordinated loans were reclassified as other
penggabungan usaha. Pada tanggal 31 Desember 2007, liabilities (Note 26).
pinjaman subordinasi ini dipindahkan ke akun liabilitas lain-
lain (Catatan 26).


27. PINJAMAN SUBORDINASI (lanjutan) 27. SUBORDINATED LOANS (continued)
Alasan dari reklasifikasi tersebut adalah sebagai berikut: The reasons for the reclassification are as follows:
a. Sehubungan dengan pinjaman subordinasi ini, Bank a. In connection with these subordinated loans, the
telah menerima, antara lain, surat dari Menteri Bank has received, inter alia, a letter from the
Keuangan Republik Indonesia (MenKeu) tanggal Ministry of Finance of the Republic of Indonesia
17 Januari 2007. Dalam surat tersebut, MenKeu telah (MoF) dated 17 January 2007. In that letter, the
meminta Bank untuk membayar kepada MoF has requested the Bank to pay to the
Negara/Pemerintah Republik Indonesia sejumlah State/Government of the Republic of Indonesia an
uang yang jumlahnya sama dengan jumlah pinjaman amount equivalent to the amount of these
subordinasi ini sebagai kelebihan rekapitalisasi oleh subordinated loans as excess of recapitalization by
Pemerintah. Surat tersebut juga menyebutkan bahwa the Government. The letter also stated that these
pinjaman subordinasi ini merupakan bagian dari subordinated loans constituted part of supplemental
modal pelengkap yang seharusnya ikut tergerus capital that should have been tergerus (eliminated-
dalam rangka rekapitalisasi Bank Duta. Bank telah set off) in the framework of recapitalization of Bank
menerima beberapa surat lainnya dari MenKeu Duta. The Bank has received other letters from the
sehubungan dengan pinjaman subordinasi ini, MoF in relation to these subordinated loans,
termasuk surat tertanggal 23 Oktober 2007, dimana including a letter dated 23 October 2007, in which
MenKeu mengulangi permintaannya agar Bank the MoF repeated its request that the Bank pay an
membayar sejumlah uang yang jumlahnya sama amount equal to the amount of these subordinated
dengan jumlah pinjaman subordinasi kepada loans to the State/Government.
Negara/Pemerintah.
b. Dengan mempertimbangkan permintaan yang b. In view of the repeated requests from the MoF, on
berulang dari MenKeu, pada tanggal 13Desember 13December 2007 the Bank paid an amount equal
2007 Bank telah membayar sejumlah uang yang to the amount of these subordinated loans to the
jumlahnya sama dengan jumlah pinjaman State/Government, on the understanding that such
subordinasi ini kepada Negara/Pemerintah, dengan payment constitutes payment of these subordinated
pengertian bahwa pembayaran tersebut merupakan loans.
pembayaran atas pinjaman subordinasi ini.
c. Sehubungan dengan pembayaran tersebut di atas, c. In view of the above payment, these subordinated
maka pinjaman subordinasi ini telah dipindahkan ke loans have been reclassified as other liabilities and
akun liabilitas lain-lain dan pembayaran kepada the payment to the State/Government as mentioned
Negara/Pemerintah sebagaimana disebutkan pada in point b above had been recorded as other assets
item b di atas telah dicatat sebagai aset lain-lain (Note 19), until there is a final binding decision of a
(Catatan 19), sampai terdapat keputusan final dari competent court in respect of these subordinated
pengadilan yang kompeten sehubungan dengan loans.
pinjaman subordinasi ini.


27. PINJAMAN SUBORDINASI (lanjutan) 27. SUBORDINATED LOANS (continued)
d. Pada tanggal 5 Maret 2009, Yayasan Supersemar, d. On 5 March 2009, Yayasan Supersemar, Dakab,
Dakab, dan Dharmais mendaftarkan gugatan and Dharmais have submitted a legal claim to the
perbuatan melawan hukum terhadap Bank di Bank through the South Jakarta District Court for
Pengadilan Negeri Jakarta Selatan dengan alasan Unlawful Act with the reason that these
pinjaman subordinasi adalah hak Yayasan subordinated loans are the right of Yayasan
Supersemar, Dakab, dan Dharmais dan oleh Supersemar, Dakab, and Dharmais and therefore
karenanya wajib dikembalikan kepada Yayasan have to be repaid to Yayasan Supersemar, Dakab,
Supersemar, Dakab, dan Dharmais. and Dharmais.
Sementara itu, MenKeu pada tanggal 23 Juli 2009 Meanwhile, on 23 July 2009, MoF has filed an
telah mengajukan Gugatan Intervensi untuk dapat Intervention Suit to request to be included as a party
diikutsertakan sebagai pihak dalam perkara ini in this case with the basis that the object of the case
dengan dasar bahwa obyek perkara (Rp124 miliar) (Rp124 billion) which had been transferred to
yang telah dialihkan ke rekening Bendahara Umum Bendahara Umum Negara account at Bank
Negara di Bank Indonesia adalah sah milik Indonesia is legally owned by the Government of the
Pemerintah Republik Indonesia karena merupakan Republic of Indonesia as these subordinated loans
kelebihan dana rekapitalisasi oleh Pemerintah. were considered as excess of recapitalization.
Pada tanggal 25 Januari 2010, Majelis Hakim On 25 January 2010, the Panel of Judges of the
Pengadilan Negeri Jakarta Selatan telah South Jakarta District Court has issued a decision
membacakan putusannya yang diberitahukan melalui which was read and communicated to the Bank
Pengadilan Negeri Jakarta Selatan kepada Bank through the South Jakarta District Court on
pada tanggal 5 Agustus 2010. Adapun isi keputusan 5 August 2010. The decision was to refuse the suit
tersebut adalah menyatakan gugatan Yayasan of Yayasan Supersemar, Dakab, and Dharmais
Supersemar, Dakab, dan Dharmais terhadap Bank against the Bank as suit did not meet formal
tidak dapat diterima karena tidak memenuhi syarat requirements. Since the case did not meet the
formal. Dikarenakan pokok perkara tidak memenuhi formal requirements, the intervention suit of MoF
syarat formal, maka dengan demikian gugatan was not accepted. As a result of the South Jakarta
intervensi yang diajukan oleh MenKeu dinyatakan District Courts decision, MoF and Yayasan
tidak dapat diterima. Atas putusan Pengadilan Negeri Supersemar, Dakab, and Dharmais have filed their
Jakarta Selatan tersebut, pihak Yayasan respective appeals.
Supersemar, Dakab, dan Dharmais serta pihak
Menkeu telah mengajukan banding.
Pada tanggal 1 November 2011, Pengadilan Tinggi On 1 November 2011, the Jakarta High Court
Jakarta telah memutuskan perkara ini, yang isinya decided to uphold the decision of the South Jakarta
mempertahankan dan menguatkan putusan District Court dated 25 January 2010. As a result of
Pengadilan Negeri Jakarta Selatan tertanggal the High Courts decision dated 1 November 2011,
25 Januari 2010. Atas putusan Pengadilan Tinggi Yayasan Supersemar, Dakab, and Dharmais have
tertanggal 1 November 2011, pihak Yayasan filed their cassation to the Supreme Court.
Supersemar, Dakab, dan Dharmais telah
mengajukan kasasi ke Mahkamah Agung.
Pada tanggal 6 Februari 2014, Bank menerima On 6 February 2014, the Bank received official
pemberitahuan resmi pengadilan tentang putusan Court notification about its petition dated 14 January
Mahkamah Agung RI tertanggal 14 Januari 2013 2013 to the Supreme Court which essentially
yang pada intinya memutuskan untuk menolak decided to reject the cassation filed by the above
kasasi. Dengan demikian maka perkara telah selesai mentioned foundations. Therefore this case is
dan Bank adalah sebagai pihak yang dimenangkan closed and the Bank has won this case. The Bank
dalam perkara ini. Bank dan yayasan yang disebut di and the above mentioned foundations did not file
atas hingga batas waktu yang ditentukan oleh request for the judicial review until the time limit by
Undang-Undang tidak mengajukan upaya hukum law, thus the Supreme Court petition has became
peninjauan kembali sehingga dengan demikian final.
secara hukum putusan Mahkamah Agung tersebut di
atas menjadi final.


28. MODAL PINJAMAN 28. LOAN CAPITAL
Bank menerima modal pinjaman sebesar Rp155.000 pada The Bank received a loan capital of Rp155,000 in 1997
tahun 1997 dari PT Danamon International, eks pemegang from PT Danamon International, a former controlling
saham pengendali Bank. Modal pinjaman ini telah shareholder of the Bank. This loan capital has been
dibukukan sebagai liabilitas di laporan keuangan Bank recorded as a liability in the Banks financial statements
sejak tahun 1997, dengan nama Modal Pinjaman. Pada since 1997, as a Loan Capital. As of 31December
tanggal 31 Desember 2007, modal pinjaman ini telah 2007, this loan capital was reclassified as other liabilities
dipindahkan ke liabilitas lain-lain (Catatan 26). (Note 26).
Alasan dari reklasifikasi tersebut adalah sebagai berikut: The reasons for the reclassification are as follows:
a. Sehubungan dengan modal pinjaman ini, Bank telah a. In connection with this loan capital, the Bank has
menerima, antara lain surat dari Menteri Keuangan received, inter alia, a letter from the Ministry of
Republik Indonesia (MenKeu) tanggal 23 April Finance of the Republic of Indonesia (MoF) dated
2007. Dalam surat tersebut, MenKeu telah meminta 23 April 2007. In that letter, MoF has requested the
Bank untuk membayar kepada Negara/Pemerintah Bank to pay to the State/Government of the Republic
Republik Indonesia sejumlah uang yang jumlahnya of Indonesia an amount equivalent to the amount of
sama dengan jumlah modal pinjaman ini sebagai the loan capital as excess of recapitalization by the
kelebihan rekapitalisasi oleh Pemerintah. Surat Government. The letter also stated that this loan
tersebut juga menyebutkan bahwa modal pinjaman capital constituted part of supplemental capital that
ini merupakan bagian dari modal pelengkap yang should have been set off against the losses of the
seharusnya diperhitungkan dalam kerugian Bank Bank in 1998, prior to the recapitalization of the Bank
tahun 1998, sebelum terjadinya rekapitalisasi Bank by the Government. The Bank has received other
oleh Pemerintah. Bank telah menerima beberapa letters from MoF in relation to this loan capital,
surat lainnya dari MenKeu sehubungan dengan including a letter dated 23 October 2007, in which
modal pinjaman ini, termasuk surat tertanggal the MoF repeated its request that the Bank pay an
23 Oktober 2007, dimana MenKeu mengulangi amount equal to the amount of this loan capital to
permintaannya agar Bank membayar sejumlah uang the State/Government.
yang jumlahnya sama dengan modal pinjaman
kepada Negara/Pemerintah.
b. Dengan mempertimbangkan permintaan yang b. In view of the repeated requests from the MoF, on
berulang dari MenKeu, pada tanggal 13Desember 13December 2007 the Bank paid an amount equal
2007 Bank telah membayar sejumlah uang yang to the amount of this loan capital to the
jumlahnya sama dengan jumlah modal pinjaman ini State/Government, on the understanding that such
kepada Negara/Pemerintah, dengan pengertian payment constitutes payment of this loan capital.
bahwa pembayaran tersebut merupakan
pembayaran atas modal pinjaman ini.
c. Sehubungan dengan pembayaran tersebut di atas, c. In view of the above payment, this loan capital is
maka modal pinjaman ini telah dipindahkan ke akun reclassified as other liabilities and the payment to the
liabilitas lain-lain dan pembayaran kepada State/Government as mentioned in point b above
Negara/Pemerintah sebagaimana disebutkan pada had been recorded as other assets (Note 19), unless
item b di atas telah dicatat sebagai aset lain-lain there is a final binding decision of the competent
(Catatan 19), kecuali terdapat keputusan final dari court in respect of this loan capital.
pengadilan yang kompeten sehubungan dengan
modal pinjaman ini.


28. MODAL PINJAMAN (lanjutan) 28. LOAN CAPITAL (continued)
d. Pada bulan November 2011, PT Danamon d. In November 2011, PT Danamon International has
International telah menggugat Bank di Pengadilan submitted a legal case against the Bank through the
Negeri Jakarta Selatan, yang pemberitahuannya South Jakarta District Court, the notification of which
secara resmi diterima Bank pada tanggal was officially received by the Bank on 1 December
1 Desember 2011. Dalam gugatannya, 2011. In its claims, PT Danamon International stated
PT Danamon International menyatakan Bank telah that the Bank has defaulted on its obligation under
melakukan wanprestasi atas Perjanjian Modal the Loan Capital Agreement and asked the Bank to
Pinjaman dan menuntut Bank untuk memenuhi fulfil its obligation based on the agreement. The
kewajibannya berdasarkan perjanjian tersebut. Bank Bank has appointed Radjiman, Billitea & Partners to
telah menunjuk Radjiman, Billitea & Partners untuk represent the Bank in handling this case.
mewakili Bank menangani kasus ini.
e. Pada tanggal 21 Maret 2012, Menkeu telah e. On 21 March 2012, the MoF has filed an Intervention
mengajukan Gugatan Intervensi untuk dapat Suit to request to be included as a party in this case
diikutsertakan sebagai pihak dalam perkara ini on the basis that the object of the case which had
dengan dasar bahwa objek perkara yang telah been transferred to Bendahara Umum Negara
dialihkan ke rekening Bendahara Umum Negara di account at Bank Indonesia is legally owned by the
Bank Indonesia adalah sah milik Pemerintah Government of the Republic of Indonesia as this
Republik Indonesia karena merupakan kelebihan loan capital was considered as excess of
rekapitalisasi oleh Pemerintah. Pada tanggal recapitalization by the Government. On 11 April
11 April 2012, Pengadilan Negeri Jakarta Selatan 2012, the South Jakarta District Court issued an
telah mengeluarkan Putusan Sela yang isinya interlocutory decision to accept the Intervention Suit
menerima Gugatan Intervensi Menkeu dan of the MoF and stated that MoF is a party to this
menyatakan Menkeu sebagai Pihak dalam perkara. case.
f. Pada tanggal 7 Agustus 2012, Pengadilan Negeri f. On 7 August 2012, the South Jakarta District Court
Jakarta Selatan telah membacakan putusannya, has read its decision whereby the Bank shall pay
dimana isi keputusannya adalah Bank wajib PT Danamon International the amount of Rp285.9
membayar kewajiban kepada PT Danamon billion consisting principal of Rp155 billion and
International sebesar Rp 285,9 miliar dengan interest Rp130.9 billion (full amount). As a result of
perincian pokok Rp155 miliar dan bunga Rp130,9 the South Jakarta District Courts decision, on
miliar (nilai penuh). Atas putusan Pengadilan Negeri 10 August 2012, the Bank has filed an appeal. On
Jakarta Selatan tersebut, Bank telah menyatakan 23 May 2013, the DKI Jakarta High Court issued its
banding pada tanggal 10 Agustus 2012. Pada decision essentially accepting partially the Banks
tanggal 23 Mei 2013, Pengadilan Tinggi DKI Jakarta appeal and revoking the South Jakarta District Court
telah memberikan putusannya yang intinya yaitu decision, and also declaring PT Danamon
menerima sebagian permohonan banding Bank dan International lawsuit as unacceptable. Due to the
membatalkan putusan Pengadilan Negeri Jakarta High Court decision above, each party filed a
Selatan, serta menyatakan gugatan PT Danamon cassation application to the Supreme Court on
International tidak dapat diterima. Atas keputusan 16 August 2013. On 12 January 2015, the Bank has
Pengadilan Tinggi tersebut, masing-masing received a copy of the Supreme Court decision
mengajukan kasasi kepada Mahkamah Agung pada instructing the Bank to pay PT Danamon
tanggal 16 Agustus 2013. Pada tanggal 12 Januari International Rp285.9 billion. In this connection, the
2015, Bank telah menerima salinan putusan Bank plans to file a legal action for judicial
Mahkamah Agung yang pada intinya memutuskan review.
pihak Bank wajib membayar kepada PT Danamon
International sebesar Rp285,9 miliar. Terkait dengan
hal tersebut, Bank berencana akan mengajukan
upaya hukum peninjauan kembali atas putusan
Mahkamah Agung tersebut.


29. MODAL SAHAM 29. SHARE CAPITAL
2014
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Number of shares kepemilikan/
issued and Percentage Jumlah nominal/
Pemegang saham fully paid of ownership Nominal value Shareholders
Saham Seri A (nilai nominal A Series shares (par value

Rp50.000 (nilai penuh) per of Rp50,000 (full amount)
saham) per share)
Masyarakat (kepemilikan masing- Public (ownership
masing dibawah 5%) 22.400.000 0,23% 1.120.000 interest below 5% each)
Saham Seri B (nilai nominal

Rp500 (nilai penuh) B Series shares (par value of
per saham) Rp500 (full amount) per share)
Asia Financial (Indonesia) Asia Financial (Indonesia)
Pte.Ltd. 6.457.558.472 67,37% 3.228.779 Pte.Ltd.
JPMCB - Franklin Templeton JPMCB - Franklin Templeton
Investment Funds 650.279.488 6,79% 325.140 Investment Funds
Masyarakat (kepemilikan Public (ownership interest
masing-masing dibawah 5%) 2.437.181.763 25,43% 1.218.591 below 5% each)
Komisaris dan Direksi: Commissioners and Directors:
- Ng Kee Choe 94.275 0,00% 47 Ng Kee Choe -
- Henry Ho Hon Cheong 2.161.500 0,02% 1.081 Henry Ho Hon Cheong -
- Muliadi Rahardja 6.405.515 0,07% 3.203 Muliadi Rahardja -
- Herry Hykmanto 502.256 0,01% 251 Herry Hykmanto -
- Vera Eve Lim 5.020.500 0,05% 2.510 Vera Eve Lim -
- Kanchan Keshav Nijasure 1.187.866 0,01% 594 Kanchan Keshav Nijasure -
- Fransiska Oei Lan Siem 1.234.730 0,01% 617 Fransiska Oei Lan Siem -
- Michellina Laksmi Triwardhany 617.000 0,01% 309 Michellina Laksmi Triwardhany -
9.562.243.365 99,77% 4.781.122
9.584.643.365 100,00% 5.901.122


29. MODAL SAHAM (lanjutan) 29. SHARE CAPITAL (continued)
2013
Jumlah saham
ditempatkan dan
disetor penuh/ Persentase
Number of shares kepemilikan/
issued and Percentage Jumlah nominal/
Pemegang saham fully paid of ownership Nominal value Shareholders
Saham Seri A (nilai nominal A Series shares (par value

Rp50.000 (nilai penuh) per Rp50,000 (full amount)
saham) per share)
Masyarakat (kepemilikan
masing-masing Public (ownership
dibawah 5%) 22.400.000 0,23% 1.120.000 interest below 5% each)
Saham Seri B (nilai nominal

Rp500 (nilai penuh) B Series shares (par value of
per saham) Rp500 (full amount) per share)
Asia Financial (Indonesia) Asia Financial (Indonesia)
Pte.Ltd. 6.457.558.472 67,37% 3.228.779 Pte.Ltd.
JPMCB - Franklin Templeton JPMCB - Franklin Templeton
Investment Funds 613.019.888 6,40% 306.509 Investment Funds
Masyarakat (kepemilikan Public (ownership interest
dibawah 5%) 2.465.794.733 25,73% 1.232.899 below 5% each)
Komisaris dan Direksi: Commissioners and Directors:
- Ng Kee Choe 94.275 0,00% 47 Ng Kee Choe -
- Henry Ho Hon Cheong 2.161.500 0,02% 1.081 Henry Ho Hon Cheong -
- Muliadi Rahardja 6.405.515 0,07% 3.203 Muliadi Rahardja -
- Ali Rukmijah/Ali Yong 5.720.726 0,06% 2.860 Ali Rukmijah/Ali Yong -
- Herry Hykmanto 502.256 0,01% 251 Herry Hykmanto -
- Vera Eve Lim 5.020.500 0,05% 2.510 Vera Eve Lim -
- Satinder Pal Singh Ahluwalia 814.000 0,01% 407 Satinder Pal Singh Ahluwalia -
- Kanchan Keshav Nijasure 1.187.866 0,01% 594 Kanchan Keshav Nijasure -
- Fransiska Oei Lan Siem 1.234.730 0,01% 617 Fransiska Oei Lan Siem -
- Pradip Chhadva 1.096.500 0,01% 548 Pradip Chhadva -
- Michellina Laksmi Triwardhany 617.000 0,01% 309 Michellina Laksmi Triwardhany -
- Khoe Minhari Handikusuma 1.015.404 0,01% 508 Khoe Minhari Handikusuma -
9.562.243.365 99,77% 4.781.122
9.584.643.365 100,00% 5.901.122
Tidak ada perubahan jumlah saham yang ditempatkan dan As of 31 December 2014 and 2013, there have been no
disetor penuh pada tanggal-tanggal 31 Desember 2014 changes in the number of shares issued and fully paid.
dan 2013.
Dalam rangka implementasi Peraturan Pemerintah (PP) In compliance with Government Regulation No. 29 Year
No. 29 tahun 1999 Tentang Pembelian Saham Bank 1999 regarding Purchase of Shares of Commercial
Umum yang antara lain menetapkan bahwa saham bank Banks which, among others, provides that shares of
hanya boleh tercatat di Bursa Efek sebanyak-banyaknya banks can be allowed to be listed in the stock exchange
99%, maka saham Bank yang tercatat di Bursa Efek at the maximum of 99%, all of the Banks shares are
Indonesia seluruhnya berjumlah 9.488.796.931 saham, listed at the Indonesia Stock Exchange consisted of
sedangkan total saham Bank yang tidak dicatatkan adalah 9,488,796,931 shares, whilst the number of shares which
95.846.434 saham atas nama PT Guna Dharma. are not listed is 95,846,434 shares, under the name
PT Guna Dharma.
Pemegang saham akhir Asia Financial (Indonesia) Pte. The ultimate shareholder of Asia Financial (Indonesia)
Ltd. (AFI) adalah Temasek Holding Pte. Ltd., sebuah Pte. Ltd. (AFI) is Temasek Holding Pte. Ltd., an
perusahaan investasi yang berkedudukan di Singapura investment holding company based in Singapore which is
dan dimiliki oleh Kementerian Keuangan Singapura. wholly owned by the Ministry of Finance of Singapore.


29. MODAL SAHAM (lanjutan) 29. SHARE CAPITAL (continued)
Pada tanggal 2 April 2012, Bank telah mendapatkan On 2 April 2012, the Bank has been informed by Fullerton
informasi dari Fullerton Financial Holding Pte. Ltd. (FFH), Financial Holding Pte. Ltd. (FFH), that it has entered into
bahwa FFH telah menjalin kesepakatan penjualan saham a conditional share purchase agreement with DBS Group
bersyarat dengan DBS Group Holdings (DBS) untuk Holdings (DBS) to sell the entire FFH interest in the share
menjual semua kepemilikan saham FFH di AFI kepada capital of AFI to DBS. Currently, AFI holds approximately
DBS. Saat ini, AFI memiliki sekitar 67,37% dari jumlah 67.37% of the total issued shares of the Bank. This
saham yang diterbitkan oleh Bank. Transaksi ini baru transaction is subject to the approvals, among others, of
dapat dilaksanakan dengan persetujuan, antara lain, dari DBS shareholders and regulators, including Bank
pemegang saham DBS dan para regulator, termasuk Bank Indonesia.
Indonesia.
Pada tanggal 3 Juni 2013, Bank telah mendapatkan On 3 June 2013, the Bank has been informed by FFH
informasi dari FFH bahwa DBS dan FFH telah setuju untuk that DBS and FFH have mutually agreed to renew the
melakukan perpanjangan perjanjian jual beli saham conditional share purchase agreement of the entire FFH
bersyarat atas seluruh saham FFH pada AFI yang semula interest in the share capital of AFI, which previously
berakhir pada tanggal 4 April 2013 dan 2 Juni 2013 expired on 4 April 2013 and 2 June 2013 then changed to
menjadi berakhir pada tanggal 1 Agustus 2013. 1 August 2013.
Pada tanggal 31 Juli 2013, Bank telah mendapatkan On 31 July 2013, the Bank has been informed by FFH
informasi dari FFH bahwa perjanjian jual beli saham that the conditional share purchase agreement between
bersyarat antara FFH dengan DBS terhadap saham- FFH and DBS to purchase AFI shares will expire after
saham AFI akan berakhir pada tanggal 1 Agustus 2013 1 August 2013, and will not be renewed, and therefore
dan tidak akan diperpanjang kembali, dan karenanya the agreement is no longer valid after 1 August 2013.
perjanjian tersebut tidak berlaku lagi setelah tanggal
1 Agustus 2013.
30. TAMBAHAN MODAL DISETOR 30. ADDITIONAL PAID-IN CAPITAL
Tambahan modal disetor terdiri dari: Additional paid-in capital consists of:
2014 2013
Agio saham 7.546.140 7.546.140 Additional paid-in capital

Biaya emisi efek ekuitas (154.384) (154.384) Share issuance costs
7.391.756 7.391.756
31. PENGGUNAAN LABA BERSIH 31. APPROPRIATION OF NET INCOME
Penggunaan laba bersih untuk dua tahun buku terakhir The appropriation of net income for the last two financial
adalah sebagai berikut: years is as follows:
Laba bersih untuk tahun buku/Net
income for financial year
2013 2012
Pembagian dividen tunai 1.212.457 1.203.640 Distribution of cash dividend

dan wajib 40.417 40.118 and legal reserve
Saldo laba 2.788.810 2.768.115 Retained earnings
4.041.684 4.011.873


31. PENGGUNAAN LABA BERSIH (lanjutan) 31. APPROPRIATION OF NET INCOME (continued)
Rapat Umum Pemegang Saham Tahunan (RUPS The Annual General Meeting of Shareholders (Annual
Tahunan) yang diadakan pada tanggal 7 Mei 2014, GMS) which was held on 7 May 2014, approved the
memutuskan pembagian dividen tunai untuk tahun buku cash dividend distribution for the 2013 financial year of
2013 sebesar 30% dari laba bersih atau sejumlah kurang 30% of the net profit or in the amount of appropriately
lebih Rp1.212.505 atau Rp126,50 (nilai penuh) per saham Rp1,212,505 or Rp126.50 (full amount) per share for
seri A dan seri B dan pembentukan cadangan umum dan series A and series B shares and the allocation for
wajib sebesar Rp40.417. general and legal reserve in the amount of Rp40,417.
Sesuai Daftar Pemegang Saham tanggal 4 Juni 2014 In accordance with the Shareholders Registry as of
yang merupakan tanggal pencatatan daftar pemegang 4 June 2014 whereby shareholders registered as of that
saham yang berhak atas dividen, jumlah saham yang date are entitled to the dividends, the total number of
beredar pada tanggal 4 Juni 2014 adalah 9.584.643.365 issued shares as of 4 June 2014 was 9,584,643,365
saham, sehingga dividen per saham yang akan dibagikan shares, therefore, the dividends to be distributed on
pada tanggal 18 Juni 2014 adalah sebesar Rp126,50 18 June 2014 amounted to Rp126.50 (full amount) per
(nilai penuh) per saham seri A dan seri B atau jumlah share for series A and series B shares or total cash
dividen tunai adalah Rp1.212.457. dividend of Rp1,212,457.
RUPS Tahunan yang diadakan pada tanggal 10 Mei 2013, The Annual General Meeting of Shareholders (Annual
memutuskan pembagian dividen tunai untuk tahun buku GMS) which was held on 10 May 2013, approved the
2012 sebesar 30% dari laba bersih atau sejumlah cash dividend distribution for the 2012 financial year of
Rp1.203.562 atau Rp125,58 (nilai penuh) per saham seri 30% of the net profit or the amount of Rp1,203,562 or
A dan seri B dan pembentukan penyisihan cadangan Rp125.58 (full amount) per share for series A and series
umum dan wajib sebesar Rp40.118. B shares and the allocation for general and legal reserves
in the amount of Rp40,118.
Sesuai surat Bank kepada Otoritas Jasa Keuangan (eks In accordance with the Banks letter to the Financial
Badan Pengawas Pasar Modal dan Lembaga Keuangan) Services Authority (ex Capital Market and Financial
No. B.193-Corp.Sec tanggal 4 Juni 2013, jumlah saham Institution Supervisory Agency) No. B.193-Corp.Sec
yang beredar pada tanggal 4 Juni 2013 adalah dated 4 June 2013, the total number of issued shares as
9.584.643.365 saham, sehingga dividen per saham yang of 4 June 2013 was 9,584,643,365 shares, therefore,
akan dibagikan pada tanggal 19 Juni 2013 adalah sebesar dividend to be distributed on 19 June 2013 amounted to
Rp125,58 (nilai penuh) per saham seri A dan seri B atau Rp125.58 (full amount) per share for series A and series
jumlah dividen tunai adalah Rp1.203.640. B shares or total cash dividend of Rp1,203,640.
32. CADANGAN UMUM DAN WAJIB 32. GENERAL AND LEGAL RESERVE
Pada tanggal 31 Desember 2014, Bank telah membentuk As of 31 December 2014, the Bank had general and legal
cadangan umum dan wajib sebesar Rp276.578 (2013: reserves of Rp276,578 (2013: Rp236,161). This general
Rp236.161). Cadangan umum dan wajib ini dibentuk and legal reserve was provided in relation with the Law of
sehubungan dengan Undang-Undang Republik Indonesia the Republic of Indonesia No. 1/1995 which had been
No. 1/1995 yang telah digantikan dengan Undang-Undang replaced with the Law No. 40/2007 effective on 16 August
No. 40/2007 efektif tanggal 16 Agustus 2007 mengenai 2007 regarding the Limited Liability Company which
Perseroan Terbatas, yang mengharuskan perusahaan- requires companies to set up a general reserve
perusahaan untuk membuat penyisihan cadangan umum amounting to at least 20% of the issued and fully paid
sebesar sekurang-kurangnya 20% dari jumlah modal yang share capital. There is no timeline over which this amount
ditempatkan dan disetor penuh. Undang-undang tersebut should be provided.
tidak mengatur jangka waktu untuk membentuk cadangan
tersebut.


33. PENDAPATAN BUNGA 33. INTEREST INCOME
Pendapatan bunga dari pihak-pihak berelasi diungkapkan Interest income from related parties is disclosed in
pada Catatan 46. Note 46.
2014 2013
Pinjaman yang diberikan 15.335.276 13.580.921 Loans
Pendapatan pembiayaan konsumen 6.054.981 5.428.393 Consumer financing income
Marketable securities and
Efek-efek dan tagihan lainnya 1.019.431 716.928 other bills receivable
Obligasi Pemerintah 326.001 232.302 Government Bonds
Penempatan pada bank lain Placements with other banks
dan BI 255.796 172.293 and BI
22.991.485 20.130.837
Pendapatan bunga berdasarkan klasifikasi aset keuangan Interest income based on the classification of financial
adalah sebagai berikut: assets is as follows:
2014 2013
Diukur pada nilai wajar melalui

laporan laba rugi 22.572 7.563 Fair value through profit or loss
Dimiliki hingga jatuh tempo 24.998 28.948 Held-to-maturity
Tersedia untuk dijual 871.494 687.861 Available-for-sale
Pinjaman yang diberikan dan piutang 22.072.421 19.406.465 Loans and receivables
22.991.485 20.130.837
Selama tahun yang berakhir pada tanggal 31 Desember During the year ended 31 December 2014, the
2014, amortisasi dari beban yang terkait langsung dari amortization of costs directly incurred in acquiring
perolehan nasabah (biaya transaksi) sebesar customers (transaction cost) amounting to
Rp2.603.486 disajikan sebagai pengurang dari Rp2,603,486 was recorded as a deduction from interest
pendapatan bunga (2013: Rp2.043.919). income (2013: Rp2,043,919).
Termasuk pendapatan bunga untuk tahun yang berakhir Included under interest income for the year ended
pada tanggal 31 Desember 2014 sebesar Rp42.204 31 December 2014 is the amount of Rp42,204 (2013:
(2013: Rp55.943) adalah akrual bunga dari aset keuangan Rp55,943) representing accrued interest on impaired
yang mengalami penurunan nilai. financial assets.


34. BEBAN BUNGA 34. INTEREST EXPENSE
Beban bunga kepada pihak-pihak berelasi diungkapkan Interest expense to related parties is disclosed in Note 46.
pada Catatan 46.
2014 2013
Simpanan nasabah Deposits from customers
- Giro 515.718 415.830 Current accounts -
- Tabungan 911.685 700.575 Savings -
Pinjaman yang diterima dan Borrowings and deposits
simpanan dari bank lain 1.645.783 1.124.283 from other banks
Efek yang diterbitkan
(Catatan 23) 1.132.132 1.187.256 Securities issued (Note 23)
Beban asuransi penjaminan Deposit insurance guarantee
simpanan 231.026 189.440 expense
9.311.649 6.599.794
35. PENDAPATAN DAN BEBAN PROVISI DAN KOMISI 35. OTHER FEES AND COMMISSION INCOME AND
LAIN EXPENSE
Selama tahun yang berakhir pada tanggal 31 Desember During the year ended 31 December 2014, included in
2014, termasuk di dalam pendapatan provisi dan komisi fees and commission income are credit related fees
adalah pendapatan provisi terkait dengan kegiatan income amounting to Rp190,275 (2013: Rp173,883) and
perkreditan sebesar Rp190.275 (2013: Rp173.883) dan service commissions amounting to Rp1,203,013 (2013:
komisi atas jasa yang dilakukan sebesar Rp1.203.013 Rp1,142,760).
(2013: Rp1.142.760).
Termasuk didalam beban provisi dan komisi adalah beban Included in fees and commissions expense is credit-
provisi terkait dengan kegiatan perkreditan sebesar related fee expense amounting to Rp344,893 (2013:
Rp344.893 (2013: Rp351.767). Rp351,767).
36. IMBALAN JASA 36. FEES
2014 2013
Imbalan administrasi 2.051.788 2.746.524 Administration fees

Transaksi kartu kredit 210.130 190.032 Credit card transactions
2.641.680 3.271.255
37. (KERUGIAN)/KEUNTUNGAN DARI PERUBAHAN NILAI 37. (LOSSES)/GAINS FROM CHANGES IN FAIR VALUE
WAJAR ATAS INSTRUMEN KEUANGAN YANG OF FINANCIAL INSTRUMENTS AT FAIR VALUE
DIUKUR PADA NILAI WAJAR MELALUI LAPORAN THROUGH PROFIT OR LOSS
LABA RUGI
2014 2013
Efek-efek dan Obligasi Pemerintah Trading securities and

yang diperdagangkan 3.851 (232) Government Bonds
Instrumen derivatif (130.434) 80.028 Derivative instruments
(126.583) 79.796


38. BEBAN UMUM DAN ADMINISTRASI 38. GENERAL AND ADMINISTRATIVE EXPENSES
2014 2013
Beban kantor 1.744.456 1.837.685 Office expenses

Sewa 596.736 547.522 Rental
Penyusutan aset tetap Depreciation of fixed assets
(Catatan 18) 538.941 499.602 (Note 18)
Komunikasi 360.616 365.693 Communications
Iklan dan promosi 216.773 265.676 Advertising and promotion
Amortisasi perangkat lunak Amortization of software
(Catatan 17) 136.011 140.706 (Note 17)
3.652.441 3.688.692
39. BEBAN TENAGA KERJA DAN TUNJANGAN 39. SALARIES AND EMPLOYEE BENEFITS
Beban tenaga kerja dan tunjangan kepada pihak-pihak Salaries and employee benefits to related parties are
berelasi diungkapkan pada Catatan 46. disclosed in Note 46.
2014 2013
Gaji 2.814.969 2.501.801 Salaries

Tunjangan dan fasilitas lainnya 2.577.475 2.620.062 Other allowance and benefits
Pendidikan dan pelatihan 175.316 217.680 Education and training
5.810.672 5.712.891
Remunerasi Direksi dan karyawan dalam bentuk Remuneration for the Board of Directors and employees
kompensasi jangka panjang dijelaskan lebih lanjut pada in the form of long-term compensation program is
Catatan 43. explained further in Note 43.
Remunerasi Direksi, Dewan Komisaris, dan Komite Audit Remuneration for the Board of Directors, Board of
Bank adalah sebagai berikut: Commissioners, and Audit Committee of the Bank are as
follows:
2014
Tunjangan dan
fasilitas lainnya,
gross/
Jumlah orang/ Gaji, gross/ Other allowance
Headcount Salaries, gross and benefits, gross Jumlah/Total
Direksi 9 34.019 63.539 97.558 Board of Directors

Dewan Komisaris 6 9.001 14.496 23.497 Board of Commissioners
Komite Audit 2 1.195 299 1.494 Audit Committee
17 44.215 78.334 122.549


39. BEBAN TENAGA KERJA DAN TUNJANGAN (lanjutan) 39. SALARIES AND EMPLOYEE BENEFITS (continued)
2013
Tunjangan dan
fasilitas lainnya,
gross/

Komite Audit 2 1.190 293 1.483 Audit Committee
21 45.184 127.899 173.083
Remunerasi Direksi, Dewan Komisaris, dan Komite Audit Remuneration for Board of Directors, Board of
Bank dan Entitas Anak adalah sebagai berikut: Commissioners, and Audit Committee of the Bank and
Subsidiaries is as follows:
2014
Tunjangan dan
fasilitas lainnya,
gross/

Komite Audit 6 3.680 1.473 5.153 Audit Committee
39 65.262 139.146 204.408
2013
Tunjangan dan
fasilitas lainnya,
gross/Other
Jumlah orang/ Gaji, gross/ allowance and
Headcount Salaries, gross benefits, gross Jumlah/Total

Komite Audit 7 3.662 1.709 5.371 Audit Committee
47 70.517 189.566 260.083
40. PENDAPATAN BUKAN OPERASIONAL 40. NON-OPERATING INCOME
2014 2013
Penerimaan dari asuransi atas Insurance recoveries of loans

pinjaman yang telah dihapusbukukan 21.466 20.045 written off
Keuntungan penjualan aset tetap Gain on sale of fixed assets
(Catatan 18) 3.620 3.656 (Note 18)
45.634 43.193


41. BEBAN BUKAN OPERASIONAL 41. NON-OPERATING EXPENSES
2014 2013
Kerugian atas penjualan aset Loss on disposal of foreclosed
yang diambil alih 1.061 2.558 assets
Kerugian penjualan aset tetap Loss on disposal of fixed assets
(Catatan 18) 561 438 (Note 18)
Biaya transformasi bisnis 408.261 - Business transformation expense
555.462 118.138
Sejak bulan Agustus 2014, Bank dan Entitas Anak Since August 2014, the Bank and Subsidiaries have been
melakukan program transformasi bisnis termasuk implementing business transformation programs including
didalamnya konsolidasi jumlah cabang dan fungsi unit branch consolidation and function of working units as a
kerja secara keseluruhan. Atas inisiatif ini, Bank dan whole. From these initiatives, the Bank and Subsidiaries
Entitas Anak diharapkan dapat beroperasi lebih efisien are expected to be more efficient in order to ensure the
untuk menjamin pertumbuhan bisnis yang berkelanjutan. sustainability of the business growth.
Biaya transformasi bisnis meliputi biaya pesangon, Business transformation expense includes severance
penghapusan aset, honorarium profesional, dan biaya expense, asset write off, professional fee, and other
administratif lainnya. Seluruh biaya yang dibebankan pada administrative expenses. All costs charged to the 2014
laporan keuangan konsolidasian tahun 2014 terkait consolidated financial statements related to business
dengan program transformasi bisnis adalah sebesar transformation program amounting to Rp408,261 is
Rp408.261 yang dibukukan pada akun Biaya Transformasi booked to Business Transformation Expense as part of
Bisnis yang merupakan bagian dari beban bukan non-operating expenses of the Bank and Subsidiaries.
operasional Bank dan Entitas Anak.
42. DANA PENSIUN DAN IMBALAN KERJA LAINNYA 42. PENSION PLAN AND OTHER EMPLOYEE BENEFITS
Program pensiun iuran pasti Defined contribution pension plan
Bank Bank
Bank menyelenggarakan program pensiun iuran pasti The Bank has a defined contribution pension plan
untuk karyawan tetap yang memenuhi syarat yang dikelola covering its qualified permanent employees, which is
dan diadministrasikan oleh PT Asuransi Jiwa Manulife managed and administered by PT Asuransi Jiwa Manulife
Indonesia. Indonesia.
Pada tanggal-tanggal 31 Desember 2014 dan 2013, iuran As of 31 December 2014 and 2013, the employees and
yang dibayarkan oleh karyawan dan Bank masing-masing the Banks contributions were 3.75% and 6.25%,
adalah sebesar 3,75% dan 6,25% dari penghasilan dasar respectively, of the employees basic salaries.
karyawan.
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended 31 December 2014 and 2013, the
31 Desember 2014 dan 2013, iuran pasti Bank yang diakui Banks defined contributions are recognized as salaries
sebagai beban tenaga kerja dan tunjangan masing- and employee benefits amounting to Rp44,600 and
masing sebesar Rp44.600 dan Rp40.737. Rp40,737, respectively.


Program pensiun iuran pasti (lanjutan) Defined contribution pension plan (continued)
Entitas Anak Subsidiary
Sejak tanggal 16 Mei 2007 dan 1 September 2007, ADMF Since 16 May 2007 and 1 September 2007, ADMF and
dan AI menyelenggarakan program pensiun iuran pasti AI have a defined contribution pension plan covering their
untuk karyawan tetap yang memenuhi kriteria yang qualified permanent employees who meet the criteria,
ditetapkan, dimana program pensiun iuran pasti ini dikelola where the defined contribution pension plan is managed
dan diadministrasikan oleh PT Asuransi Jiwa Manulife and administered by PT Asuransi Jiwa Manulife
Indonesia. Indonesia.
Pada tanggal-tanggal 31 Desember 2014 dan 2013, As of 31 December 2014 and 2013, ADMF and AI paid
ADMF dan AI membayar iuran pensiun sebesar 3% dari pension costs at 3% from the employees basic salaries.
penghasilan dasar karyawan.
Untuk tahun yang berakhir pada tanggal-tanggal For the years ended 31 December 2014 and 2013, the
31 Desember 2014 dan 2013, iuran pasti ADMF dan AI defined contributions for ADMF and AI recognized as
yang diakui sebagai beban tenaga kerja dan tunjangan salaries and employee benefits amounted to Rp17,755
masing-masing sebesar Rp17.755 dan Rp14.242. and Rp14,242, respectively.
Imbalan kerja lainnya Other employee benefits
Bank Bank
Kewajiban atas imbalan kerja jangka panjang dan imbalan The liability for long-term and post-employment benefits
pasca-kerja meliputi uang jasa, uang pisah, pesangon, dan consisting of service payments, severance payments,
kompensasi lainnya dihitung oleh perusahaan konsultan termination benefits, and other compensation was
aktuaria PT Towers Watson Purbajaga dengan calculated by a licensed actuarial consulting firm,
menggunakan metode Projected-Unit-Credit. PT Towers Watson Purbajaga, using the Projected-Unit-
Credit method.
Tabel berikut ini menyajikan kewajiban imbalan kerja Bank: The following table summarizes the Banks employee
benefits liabilities:
Kewajiban imbalan kerja Employee benefits liabilities
31 Desember/December
2014 2013 2012 2011 2010
Present value of
Nilai kini kewajiban imbalan pasti 1.225.147 1.075.726 1.039.187 709.781 586.093 defined benefit obligation
Nilai yang belum diakui: Unrecognized amounts of:
- Kerugian aktuaria (299.013) (247.068) (355.841) (121.274) (65.143) Actuarial loss -
- Beban jasa lalu (16.761) (23.609) (29.420) (35.230) (41.041) Past service cost -
909.373 805.049 653.926 553.277 479.909
Beban imbalan kerja Employee benefits expenses
1 Januari/January -
2014 2013
Beban jasa kini 108.251 109.279 Current service cost
Beban bunga atas kewajiban 93.154 57.800 Interest on obligation
Amortisasi atas: Amortization of:
- Kerugian aktuaria 19.510 35.282 Actuarial loss -
- Beban jasa lalu 5.810 5.811 Past service cost -
Beban kurtailmen (63.018) - Curtailment cost
163.707 208.172


Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the above calculation:
perhitungan di atas:
31 Desember/
December
2014 2013
Asumsi ekonomi: Economic assumptions:
- Tingkat diskonto per tahun 8,00% 9,00% Annual discount rate -
- Tingkat kenaikan penghasilan
dasar per tahun 7,00% - 10,00% 7,00% - 10,00% Annual basic salary growth rate -
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat suku bunga pasar, dengan variabel lain reasonably possible change in market interest rates, with
dianggap tetap, terhadap kewajiban imbalan pasca-kerja all other variables held constant, of the obligation for post-
dan beban jasa kini pada tanggal-tanggal 31 Desember employment and current service cost as of 31 December
2014 dan 2013: 2014 and 2013:
2014 2013
Kewajiban imbalan Beban jasa Kewajiban imbalan Beban jasa
pasca-kerja/ Obligation kini/ pasca-kerja/ Obligation kini/
for post-employment Current service for post-employment Current service
benefits cost benefits cost
Kenaikan suku bunga Increase in interest rate

dalam 100 basis poin (77.704) (6.581) (68.912) (8.060) by 100 basis point
Penurunan suku bunga Decrease in interest rate
dalam 100 basis poin 86.630 7.394 76.578 9.192 by 100 basis point
Kewajiban imbalan kerja Bank pada tanggal-tanggal The Banks employee benefits liabilities as of
31 Desember 2014 dan 2013 telah sesuai dengan laporan 31 December 2014 and 2013 are in accordance with the
aktuaris masing-masing tertanggal 5 Januari 2015 dan actuarial report dated 5 January 2015 and 6 January
6 Januari 2014. 2014, respectively.
Kewajiban atas imbalan kerja jangka panjang dan imbalan The liability for long-term and post-employment employee
pasca-kerja meliputi pensiun, cuti berimbalan jangka benefits consists of pension, long service leave, jubilee
panjang, jubilee, uang pisah, uang penghargaan, dan awards, severance pay, and other compensation which
kompensasi lainnya dihitung setiap tahun oleh perusahaan were calculated annually by a licensed actuarial
konsultan aktuaria, PT Towers Watson Purbajaga dengan consulting firm, PT Towers Watson Purbajaga, using the
menggunakan metode Projected-Unit-Credit. Projected-Unit-Credit method.
Tabel berikut ini menyajikan kewajiban imbalan kerja The following table summarizes the Subsidiaries
Entitas Anak: employee benefits liabilities:
Kewajiban imbalan kerja Employee benefits liabilities
2014 2013 2012 2011 2010
Present value of defined benefit
Nilai kini kewajiban imbalan pasti 424.943 291.346 350.658 244.497 148.268 obligation
Nilai yang belum diakui: Unrecognized amounts of:
- Kerugian aktuaria (51.920) (21.460) (161.867) (116.848) (58.685) Actuarial loss -
- Beban jasa lalu negatif 4.424 4.978 5.436 5.895 6.352 Negative past service cost -
377.447 274.864 194.227 133.544 95.935


Imbalan kerja lainnya (lanjutan) Other employee benefits (continued)
Beban imbalan kerja Employee benefits expenses
1 Januari/January -
2014 2013
Beban jasa kini 43.713 59.045 Current service cost

Beban bunga atas kewajiban 26.659 21.816 Interest on obligation
Amortisasi atas: Amortization of:
- Kerugian aktuaria 1.321 10.197 Actuarial loss -
- Beban jasa lalu (458) (458) Past service cost -
Beban kurtailmen (27.219) - Curtailment cost
Beban pesangon khusus 98.153 - Special termination benefit cost
142.169 90.600
Asumsi-asumsi utama yang digunakan dalam Key assumptions used in the above calculation:
perhitungan di atas:
2014 2013
Asumsi ekonomi: Economic assumptions:
- Tingkat diskonto per tahun 8,50% 9,25% Annual discount rate -
- Tingkat kenaikan penghasilan
dasar per tahun 7,00% - 10,00% 7,00% - 10,00% Annual basic salary growth rate -
Tabel berikut menunjukkan sensitivitas atas kemungkinan The following table demonstrates the sensitivity to a
perubahan tingkat suku bunga pasar, dengan variabel lain reasonably possible change in market interest rates, with
dianggap tetap, terhadap kewajiban imbalan pasca-kerja all other variables held constant, of the obligation for post-
dan beban jasa kini Entitas anak pada tanggal-tanggal employment and current service cost of Subsidiaries as of
31 Desember 2014 dan 2013: 31 December 2014 and 2013:
2014 2013
Kewajiban imbalan Beban jasa Kewajiban imbalan Beban jasa
pasca-kerja/ Obligation kini/ pasca-kerja/ Obligation kini/
for post-employment Current service for post-employment Current service
benefits cost benefits cost
Kenaikan suku bunga Increase in interest rate

dalam 100 basis poin (42.441) (4.809) (35.066) (8.466) by 100 basis point
Penurunan suku bunga Decrease in interest rate
dalam 100 basis poin 50.129 6.430 41.683 10.303 by 100 basis point
Kewajiban imbalan kerja ADMF pada tanggal-tanggal The ADMFs employee benefits liability as of
31 Desember 2014 dan 2013 telah sesuai dengan laporan 31 December 2014 and 2013 was in accordance with the
aktuaris independen masing-masing tertanggal 6 Januari independent actuarial report dated 6 January 2015 and
2015 dan 8 Januari 2014. 8 January 2014, respectively.
Kewajiban imbalan kerja AI pada tanggal-tanggal The AIs employee benefits liability as of
31 Desember 2014 dan 2013 telah sesuai dengan laporan 31 December 2014 and 2013 was in accordance with the
aktuaris independen masing-masing tertanggal 8 Januari independent actuarial report dated 8 January 2015 and
2015 dan 28 Januari 2014. 28 January 2014, respectively.


Imbalan kerja lainnya (lanjutan) Other employee benefits (continued)
Beban imbalan kerja (lanjutan) Employee benefits expenses (continued)
Kewajiban imbalan kerja AQ pada tanggal-tanggal 31 The AQs employee benefits liability as of 31 December
Desember 2014 dan 2013 telah sesuai dengan laporan 2014 and 2013 was in accordance with the independent
aktuaris independen masing-masing tertanggal 5 Januari actuarial report dated 5 January 2015 and 24 January
2015 dan 24 Januari 2014. 2014, respectively.
Bank dan Entitas Anak Bank and Subsidiaries
Tabel berikut ini adalah perubahan kewajiban imbalan The following table shows the movements of the
kerja Bank dan Entitas Anak untuk tahun yang berakhir employee benefits liability of the Bank and Subsidiaries
pada tanggal-tanggal 31 Desember 2014 dan 2013: for the years ended 31 December 2014 and 2013:
2014 2013
Saldo awal 1.079.913 848.153 Beginning balance
Beban tahun berjalan - neto 305.876 298.772 Current year expenses - net
Pembayaran kepada karyawan (98.969) (67.012) Payment to employees
Liabilitas yang diakui di laporan Liability recognized in consolidated
posisi keuangan konsolidasian 1.286.820 1.079.913 statement of financial position
43. PROGRAM KOMPENSASI JANGKA PANJANG 43. LONG-TERM COMPENSATION PROGRAM
Pada tahun 2010, Dewan Komisaris menyetujui untuk In 2010, the Board of Commissioners agreed to grant
kembali memberikan Program Kompensasi Jangka another Long Term Compensation Plan (LTCP) to the
Panjang (LTCP) kepada Direksi dan karyawan Bank dan Bank and Subsidiaries Board of Directors and eligible
Entitas Anak yang memenuhi persyaratan. Program ini employees. The Plan is part of the Banks and
merupakan bagian dari Strategi Jumlah Kompensasi Bank Subsidiaries Total Compensation Strategy, with the
dan Entitas Anak, dengan tujuan mengkaitkan kinerja objective to link the Banks and Subsidiaries overall
Bank dan Entitas Anak secara keseluruhan dengan performance with the compensation of eligible employees
kompensasi yang diterima oleh karyawan yang memenuhi and Board of Directors, as well as to maintain continuous
persyaratan dan Direksi, serta untuk menjaga growth of the Bank and Subsidiaries.
pertumbuhan Bank dan Entitas Anak yang
berkesinambungan.
Program ini terdiri dari dua skema, yaitu: This program consists of two schemes, i.e.:
Program kas, program tiga tahunan yang dimulai pada Cash plan, a three-year-plan commencing on 1 July
tanggal 1 Juli 2010 dan terutang pada tahun 2011, 2010, to be payable in 2011, 2012, and 2013. The
2012, dan 2013. Jumlah yang dibayarkan akan amount to be paid will depend on the achievement
tergantung pada pencapaian kinerja Bank dan Entitas of the Banks and Subsidiaries performance at
Anak secara konsolidasi yang telah ditetapkan consolidated level as predetermined by the
sebelumnya oleh Komite Remunerasi dan peringkat Remuneration Committee and individual
kinerja perorangan berdasarkan penilaian kinerja performance rating based on period-end
pada akhir tahun. performance appraisal.


43. PROGRAM KOMPENSASI JANGKA PANJANG 43. LONG-TERM COMPENSATION PROGRAM

Program saham, dimana karyawan yang memenuhi Stock plan, in which eligible employees will receive a
persyaratan akan menerima sejumlah uang tunai certain predetermined amount of cash and directly to
yang telah ditetapkan sebelumnya dan langsung be used to purchase the Banks stocks. The stocks
digunakan untuk membeli saham Bank. Saham dibeli are purchased under the individual employees
atas nama masing-masing karyawan untuk ditahan names to be held and put under an independent
dan ditempatkan dalam kustodian independen. custodian. The stocks will be released upon
Saham akan diserahkan setelah masa tunggu tiga completion of the holding period of three or six years.
atau enam tahun selesai. Tanggal pemberian The grant date of this plan was 1 July 2010.
kompensasi dari program ini adalah 1 Juli 2010.
Beban sehubungan dengan program tersebut dicatat pada The expenses associated with this program are
beban tenaga kerja dan tunjangan di laporan laba rugi recognized as salaries and employee benefits in the
komprehensif konsolidasian untuk tahun yang berakhir consolidated statement of comprehensive income for the
pada tanggal 31 Desember 2013 sebesar Rp29.888 year ended 31 December 2013 amounting to Rp29,888
(termasuk pajak), dimana sebesar Rp18.800 (termasuk (including tax), in which Rp18,800 (including tax) out of
pajak) dialokasikan untuk Direksi Bank dan Rp3.056 this amount was allocated for the Banks Board of
(termasuk pajak) dialokasikan untuk Direksi Entitas Anak. Directors and Rp3,056 (including tax) was allocated for
the Subsidiaries Board of Directors.
Bank telah menyiapkan Program Insentif Jangka Panjang The Bank has prepared a Long Term Incentive Plan
(LTIP), yang merupakan kelanjutan dari program (LTIP), which is a continuance of the previous program
sebelumnya yang telah jatuh tempo tahun 2013. Program that had expired in 2013. This LTIP had been approved
insentif jangka panjang ini telah disetujui oleh RUPS dan by GMS and will be granted to Directors and eligible
akan diberikan kepada Direksi dan karyawan Bank dan employees of the Bank and Subsidiaries.
Entitas Anak yang memenuhi syarat.
Program ini sebelumnya direncanakan akan diluncurkan This program was previously planned to be launched in
pada tahun 2014, akan tetapi manajemen memutuskan the year 2014, however the management decided to
untuk menunda peluncuran program LTIP tersebut dan postpone the launch of the LTIP program and the
akan dipertimbangkan kembali pelaksanaannya. implementation of which will be reconsidered.


44. LABA BERSIH PER SAHAM DASAR YANG 44. BASIC EARNINGS PER SHARE ATTRIBUTABLE TO
DIATRIBUSIKAN KEPADA PEMILIK ENTITAS INDUK EQUITY HOLDERS OF THE PARENT ENTITY
Laba bersih per saham dasar dihitung dengan membagi Basic earnings per share is calculated by dividing net
laba bersih dengan rata-rata tertimbang jumlah saham income by the weighted average number of ordinary
biasa yang beredar pada tahun bersangkutan. shares outstanding during the year.
2014 2013
Laba bersih yang diatribusikan Net income attributable to equity
kepada pemilik entitas induk 2.604.017 4.041.684 holders of the parent entity
Rata-rata tertimbang jumlah Weighted average number of
saham biasa yang beredar 9.584.643.365 9.584.643.365 ordinary shares outstanding
Laba bersih per saham dasar Basic earnings per share
yang diatribusikan kepada attributable to equity holders
pemilik entitas induk of the parent entity
(nilai penuh) 271,69 421,68 (full amount)
45. KOMITMEN DAN KONTINJENSI 45. COMMITMENTS AND CONTINGENCIES
2014 2013
Liabilitas komitmen Commitment payables

- Fasilitas kredit kepada debitur Unused loan facilities -
yang belum digunakan 372.930 317.280 to debtors
- Irrevocable letters of credit Outstanding irrevocable -
yang masih berjalan 2.662.187 2.488.006 letters of credit
Jumlah liabilitas komitmen 3.035.117 2.805.286 Total commitment payables
Tagihan kontinjensi Contingent receivables

- Garansi dari bank lain 130.110 85.902 Guarantee from other banks -
- Pendapatan bunga dalam Interest receivable on -
penyelesaian 377.432 294.921 non-performing assets
Jumlah tagihan kontinjensi 507.542 380.823 Total contingent receivables
Liabilitas kontinjensi Contingent payables

- Garansi yang diterbitkan dalam Guarantees issued in the -
bentuk: form of:
- Garansi bank 3.484.317 3.182.875 Bank guarantees -
- Standby letters of credit 134.694 169.920 Standby letters of credit -
Jumlah liabilitas kontinjensi 3.619.011 3.352.795 Total contingent payables
Liabilitas kontinjensi - neto 3.111.469 2.971.972 Contingent payables - net
Liabilitas komitmen dan kontinjensi - Commitment payables and

neto 6.146.586 5.777.258 contingent payables - net


45. KOMITMEN DAN KONTINJENSI (lanjutan) 45. COMMITMENTS AND CONTINGENCIES (continued)
Liabilitas komitmen Commitment payables
2014 2013
Rupiah Rupiah
Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan: letters of credit:
- L/C dalam negeri 134.734 350.434 Domestic L/C -
- L/C luar negeri 55 - Foreign L/C -
Fasilitas kredit kepada debitur Unused loan facilities
yang belum digunakan 372.274 300.736 to debtors
507.063 651.170

Irrevocable letters of credit Outstanding irrevocable
yang masih berjalan: letters of credit:
- L/C luar negeri 2.242.014 1.573.293 Foreign L/C -
- L/C dalam negeri 285.384 564.279 Domestic L/C -
Fasilitas kredit kepada debitur Unused loan facilities
yang belum digunakan 656 16.544 to debtors
2.528.054 2.154.116
Jumlah 3.035.117 2.805.286 Total
2014 2013
Lancar 3.034.021 2.804.827 Current

Dalam perhatian khusus 997 459 Special mention
Macet 99 - Loss
Jumlah 3.035.117 2.805.286 Total


Liabilitas kontinjensi Contingent payables
2014 2013
Rupiah Rupiah
Garansi yang diterbitkan dalam Guarantees issued in
bentuk: the form of:
- Garansi bank 2.905.892 2.759.335 Bank guarantees -
2.910.892 2.764.076

Garansi yang diterbitkan dalam Guarantees issued in
bentuk: the form of:
- Garansi bank 578.425 423.540 Bank guarantees -
708.119 588.719
Jumlah 3.619.011 3.352.795 Total
2014 2013
Lancar 3.609.211 3.352.275 Current

Dalam perhatian khusus 9.800 520 Special mention
3.619.011 3.352.795
2014 2013
Liabilitas kontinjensi terdiri dari: Contingent payables consist of:

- Pihak berelasi - 64 Related parties -
3.619.011 3.352.795
Bank menghadapi berbagai kasus hukum yang belum The Bank is a party to various unresolved legal actions,
terselesaikan, tuntutan administrasi, dan gugatan administrative proceedings, and claims in the ordinary
sehubungan dengan kegiatan usaha Bank. Tidak course of its business. It is not possible to predict with
memungkinkan bagi Bank untuk memperkirakan dengan certainty whether or not the Bank will ultimately be
pasti apakah Bank akan berhasil dalam setiap kasus successful in any of these legal matters or, if not, what the
hukum tersebut, atau jika tidak, dampak yang mungkin impact might be.
timbul.


PT Danamon Usaha Gedung (DUG) PT Danamon Usaha Gedung (DUG)
Pada bulan Desember 2000, DUG dan Bank In December 2000, DUG and the Bank signed DUG
menandatangani DUG Settlement Agreement dimana Settlement Agreement where the Bank agreed to
Bank sepakat untuk membeli pinjaman sindikasi DUG dan purchase DUGs syndicated loan and DUG would sell ex
DUG akan menjual properti ex. Jaminan atas pinjaman properties. The syndicated loan collateral to the Bank will
sindikasi kepada Bank sebagai pelunasan pinjaman atas be the repayment of the syndicated loan.
pinjaman sindikasi tersebut.
Pada bulan Agustus 2005, DUG menerima Surat In August 2005, DUG received Tax Underpayment Letter
Ketetapan Pajak Kurang Bayar (SKPKB) PPN sebesar for VAT in the amount Rp122 billion (full amount) related
Rp122 miliar (nilai penuh) sehubungan dengan hasil to the tax audits result in 2000 on the above mentioned
pemeriksaan pajak di tahun 2000 atas pengalihan properti property transfer.
tersebut di atas.
Atas SKPKB tersebut DUG telah mengajukan keberatan DUG has submitted a letter of objection to the Tax Office.
ke Kantor Pajak. Pada bulan Oktober 2006, Kantor Pajak In October 2006, the Tax Office issued decision letter
telah mengeluarkan keputusan untuk menerima sebagian accepting part of DUGs objection by reducing the amount
keberatan DUG dengan mengurangi jumlah PPN terutang of VAT assessment to Rp75 billion (full amount). DUG
menjadi sebesar Rp75 miliar (nilai penuh). Atas keputusan decided not to file an appeal to the Tax Court against the
tersebut, DUG tidak mengajukan banding ke Pengadilan decision of the Tax Office.
Pajak.
Pada tanggal 12 Desember 2012, DUG mengajukan klaim On 12 December 2012, DUG filed a claim through the
melalui International Chamber of Commerce (ICC) - Asia International Chamber of Commerce (ICC) - Asia Office
Office yang diberikan referensi No. 19136/CYK terhadap with the reference No. 19136/CYK against the Bank.
Bank.
Bank telah menunjuk Ali Budiarjo, Nugroho, Reksodiputro The Bank has appointed Ali Budiarjo, Nugroho,
(ABNR) Law Firm untuk menangani perkara ini. Reksodiputro (ABNR) Law Firm to handle this case.
Pada tanggal 1 Februari 2013, Bank (Responden) telah On 1 February 2013, the Bank (Respondent) has
menyampaikan jawaban/tanggapan terhadap tuntutan submitted the answers/response against the DUG claim.
tersebut.
Bapak Fred Tumbuan telah ditunjuk dan disetujui sebagai Mr. Fred Tumbuan has been designated and approved
Arbitor dari pihak Responden dan Ibu Karen Milles telah as the Arbitrator (appointed by Respondent) and ICC
ditunjuk bersama sebagai ketua Arbitor oleh ICC pada announced Ms. Karen Milles as the jointly nominated
tanggal 8 Maret 2013. chairman presiding arbitrator on 8 March 2013.
Pihak DUG telah mengajukan respon atas jawaban pada Referring to the Terms of Reference (TOR) for Tribunal
tanggal 17 Juni 2013 sesuai jadwal yang ditentukan dalam hiring process, DUG has filed Response to the Answer to
Terms of Reference (TOR) dan pada tanggal request for arbitration on 17 June 2013 and the Bank filed
20 September 2013, pihak Bank melalui kuasa hukum a Rejoinder to the Tribunal of ICC through its attorney on
telah mengajukan Rejoinder kepada ICC Tribunal. 20 September 2013.
Selanjutnya agenda persidangan telah dilaksanakan Furthermore, the court proceedings have been executed
tanggal 29 hingga 31 Oktober 2013 di Jakarta. Keputusan in Jakarta since 29 until 31 October 2013. On 11 March
ICC No: 19136/CYK tanggal 5 Maret 2014 telah diterima 2014 the Bank received the final ICC Award
oleh Bank melalui ABNR Law Firm pada tanggal 11 Maret No. 19136/CYK dated 5 March 2014 through ABNR Law
2014. Keputusan ICC tersebut memutuskan beberapa hal Firm. The ICC Award above decided as follows:
sebagai berikut:


PT Danamon Usaha Gedung (DUG) (lanjutan) PT Danamon Usaha Gedung (DUG) (continued)
Bank diperintahkan untuk membayar kepada DUG The Bank was ordered to pay to DUG as
sebagai pengembalian atas PPN yang harus reimbursement for the VAT which is required to be
dibayarkan ke Kantor Pajak sejumlah Rp55.739 yang paid to the Tax Office the amount of Rp55,739 being
merupakan jumlah PPN yang tertunggak, the reduced amount of unpaid VAT, in accordance
sehubungan dengan Surat No./KEP- with Letter No./KEP-531/WPJ.04/2006; and DUG is
531/WPJ.04/2006; dan DUG harus bertanggung thus responsible to remit said amount to the Tax
jawab untuk membayarkan sejumlah tersebut kepada Office promptly upon receipt thereof;
Kantor Pajak segera setelah menerima
pembayarannya;
Bank diperintahkan juga untuk membayar kepada The Bank is further ordered to pay to DUG the
DUG sejumlah Rp4.459 yang merupakan 50% dari amount of Rp4,459 being the 50% of the reduced
jumlah pengurangan atas bunga dan Rp5.574 yang amount of interest, and Rp5,574 being 50% of the
merupakan 50% dari pengurangan denda yang reduced penalty imposed by the Tax Office in its
dikenakan oleh Kantor Pajak dalam suratnya Letters No./KEP-531/WPJ.04/2006 and KEP-
No./KEP-531/WPJ.04/2006 dan KEP- 533/WPJ.04/2006;
533/WPJ.04/2006;
DUG harus bertanggung jawab untuk membayarkan DUG shall then be responsible to remit to the Tax
kepada Kantor Pajak sejumlah yang disebut pada sub Office the amounts set out in the above
paragraf di atas, plus dari biaya sendiri sejumlah yang subparagraph, plus from its own funds an equal
sama yang merupakan sisa dari 50% atas penalti dan amount, being the remaining 50% of penalty and
bunga yang tertunggak, oleh karenanya seluruh interest due, so that the full amount of penalty and
jumlah atas bunga dan denda akan dibayar oleh DUG interest to be paid by DUG to the Tax Office with
kepada Kantor Pajak sesuai dengan bunga dan respect to Penalty and Interest, as required pursuant
denda yang ditentukan dalam Surat No./KEP- to Letters No./KEP-531/WPJ.04/2006 and KEP-
531/WPJ.04/2006 dan KEP-533/WPJ.04/2006 533/WPJ.04/2006 shall be Rp8,918 as interest and
sejumlah Rp8.918 sebagai bunga dan Rp11.148 Rp11,148 as penalty in addition to the full amount of
sebagai denda atas tambahan terhadap seluruh the unpaid VAT, as referred to in the above
jumlah PPN yang belum terbayar, sebagaimana subparagraph.
tercantum dalam sub paragraf tersebut di atas.
Pengadilan telah melakukan penyitaan terhadap salah The court seized one of the Banks buildings which will
satu gedung milik Bank yang akan berakhir apabila Bank terminate when the Bank and DUG have fulfilled their
dan DUG telah memenuhi kewajibannya sesuai dengan obligations in accordance with such court decision.
keputusan dari pengadilan tersebut.
Pada tanggal 26 November 2014, Bank dan DUG telah On 26 November 2014, the Bank and DUG have signed
menandatangani Perjanjian Perdamaian dan Bank telah a Settlement Agreement and the Bank had fulfilled its
melaksanakan kewajiban sesuai dengan keputusan ICC obligations in accordance with the ICC Award. Thus, the
Award. Dengan demikian, perkara antara Bank dan DUG case between the Bank and DUG has been closed,
telah selesai, termasuk yang berkaitan dengan penyitaan including the settlement of the above mentioned seizure.
tersebut di atas.


46. INFORMASI MENGENAI PIHAK BERELASI 46. RELATED PARTIES INFORMATION
Pihak berelasi/ Sifat dari hubungan/ Sifat dari transaksi/

Related parties Nature of relationship Nature of transaction
Standard Chartered Bank PLC Dimiliki oleh pemegang saham akhir Penempatan dana/Fund placements
yang sama/Owned by the same ultimate
shareholder
Standard Chartered Bank, Dimiliki oleh pemegang saham akhir Penempatan dana/Fund placements
Cabang Jakarta/Jakarta yang sama/Owned by the same ultimate
Branch shareholder
PT Bank Permata Tbk Dimiliki oleh pemegang saham akhir Penempatan dana dan perjanjian asuransi/Fund
yang sama/Owned by the same ultimate placements and insurance agreement
shareholder
Development Bank of Singapore Dimiliki oleh pemegang saham akhir Penempatan dana dan penerimaan dana/Fund
(DBS), Ltd. yang sama/Owned by the same ultimate placements and fund received
shareholder
PT Bank DBS Indonesia Dimiliki oleh pemegang saham akhir Penempatan dana, penerimaan dana dan perjanjian
yang sama/Owned by the same ultimate asuransi /Fund placements, fund received and
shareholder insurance agreement.
PT Matahari Putra Prima Tbk Dimiliki oleh pemegang saham akhir Penerimaan dana dari nasabah/Fund received from
yang sama/Owned by the same ultimate customer
shareholder
Komisaris, direksi, dan personil Pengawas, pengurus dan karyawan Penempatan dana, remunerasi, dan penerimaan
manajemen kunci/Commissioners, kunci/Oversight team,management, dana dari nasabah/Fund placements, remuneration,
directors, and key management and key management personnel and fund received from customer
personnel


46. INFORMASI MENGENAI PIHAK BERELASI (lanjutan) 46. RELATED PARTIES INFORMATION (continued)
2014 2013
Aset Assets
a. Giro pada bank lain - neto a. Current accounts with other banks - net
Standard Chartered Bank PLC 254.046 482.893 Standard Chartered Bank PLC
Development Bank of Singapore Development Bank of Singapore
(DBS), Ltd. 31.302 - (DBS), Ltd.
PT Bank DBS Indonesia 379 21.446 PT Bank DBS Indonesia

PT Bank Permata Tbk 218 839 PT Bank Permata Tbk
285.945 505.178
Persentase terhadap jumlah aset 0,15% 0,27% Percentage to total assets
b. Penempatan pada bank lain b. Placements with other banks
Cabang Jakarta 247.378 99.900 Jakarta Branch
PT Bank DBS Indonesia - 3.500 PT Bank DBS Indonesia
268.378 164.550
c. Efek-efek c. Marketable securities
Standard Chartered Bank PLC 569 - Standard Chartered Bank PLC
32.175 9.769
d. Pinjaman yang diberikan - neto d. Loans - net

Komisaris dan Commissioners and
karyawan kunci: key management:
- Marta Jonatan 1.276 - Marta Jonatan -
- Alexander C. Setjadi 1.195 1.277 Alexander C. Setjadi -
- Henky Suryaputra 1.165 1.291 Henky Suryaputra -
- Irma Savitry 1.132 - Irma Savitry -
- Herman 1.036 - Herman -
- Stefanus Warsito 1.015 1.036 Stefanus Warsito -
- Reza Pely Rusly 943 1.075 Reza Pely Rusly -
- Sri Wahyuni Hadi 573 818 Sri Wahyuni Hadi -
- Lain-lain 1) 14.735 21.436 Others 1) -
23.070 26.933
e. Piutang premi e. Premium receivables

PT Bank DBS Indonesia 1.518 2.159 PT Bank DBS Indonesia

f. Tagihan akseptasi f. Acceptances receivable
PT Bank DBS Indonesia 199 - PT Bank DBS Indonesia

1) 1)
Jumlah secara individu dibawah Rp1 miliar. Individual amount below Rp1 billion.


2014 2013
Aset (lanjutan) Assets (continued)
g. Beban dibayar dimuka dan aset lain-lain g. Prepayments and other assets
PT Bank DBS Indonesia - 14 PT Bank DBS Indonesia
23.968 286
Persentase terhadap jumlah aset 0,01% 0.00% Percentage to total assets
Liabilitas Liabilities
h. Simpanan nasabah h. Deposits from customers
Giro 13.208 16.887 Current accounts
Tabungan 71.111 74.714 Savings
Deposito berjangka 128.875 53.690 Time deposits
213.194 145.291
Persentase terhadap jumlah
liabilitas 0,13% 0,10% Percentage to total liabilities
i. Simpanan dari bank lain i. Deposit from other bank

Persentase terhadap jumlah liabilitas 0,00% 0,00% Percentage to total liabilities
j. Utang akseptasi j. Acceptances payable

Development Bank of Development Bank of
Singapore (DBS), Ltd. 740.830 - Singapore (DBS), Ltd.
Standard Chartered Bank, Singapura 55.508 - Standard Chartered Bank, Singapore
Mumbai, India 20.893 - Mumbai, India
Standard Chartered Bank, Malaysia 1.414 - Standard Chartered Bank, Malaysia
Standard Chartered Bank, Korea 955 - Standard Chartered Bank, Korea
Standard Chartered Bank, Thailand 659 - Standard Chartered Bank, Thailand
Standard Chartered First Bank,
Korea 582 - Standard Chartered First Bank, Korea
820.841 -
k. Efek yang diterbitkan k. Securities issued

Singapore (DBS), Ltd. 336.555 250.000 Singapore (DBS), Ltd.
445.555 322.300
l. Pinjaman yang diterima l. Borrowings

Singapore (DBS), Ltd. 1.238.278 2.433.904 Singapore (DBS), Ltd.
m. Liabilitas derivatif m. Derivative liabilities

Cabang Jakarta 156 - Jakarta Branch


2014 2013
n. Beban yang masih harus dibayar n. Accruals
Singapore (DBS), Ltd. 24.008 53.190 Singapore (DBS), Ltd.
25.454 54.585
Laporan laba rugi komprehensif Consolidated statement of

konsolidasian comprehensive income
o. Pendapatan bunga o. Interest income
Komisaris, direksi, dan Commissioners, directors, and
personil manajemen kunci 1.697 1.141 key management personnel
PT Matahari Putra Prima Tbk 1.519 - PT Matahari Putra Prima Tbk
PT Bank DBS Indonesia 44 480 PT Bank DBS Indonesia
6.685 7.583
Persentase terhadap jumlah Percentage to total
pendapatan bunga 0,03% 0,04% interest income
p. Beban bunga p. Interest expense
Komisaris, direksi, dan Commissioners, directors, and
personil manajemen kunci 11.098 6.013 key management personnel
DBS Bank (Singapore) Ltd. 125.901 170.375 DBS Bank (Singapore) Ltd.
142.702 177.785
beban bunga 1,53% 2,69% interest expense
q. Pendapatan premi asuransi q. Insurance premium income

12.573 11.604
pendapatan premi 0,84% 0,92% premium income
r. Beban underwriting asuransi r. Insurance underwriting expense


beban underwriting 0,15% 0,56% underwriting expenses
s. Beban tenaga kerja dan tunjangan s. Salaries and employee benefits of

atas Komisaris, direksi, dan the Banks and Subsidiaries
personil manajemen kunci: Commissioners, directors, and
Bank dan Entitas Anak: key management personnel:
Imbalan kerja jangka pendek 400.624 446.674 Short-term employee benefits
Imbalan pasca-kerja 17.760 23.463 Post -employment benefits
Imbalan kerja jangka panjang lainnya 22.984 41.118 Other long-term employee benefits
Pembayaran berbasis saham - 24.293 Share-based payment
Pesangon pemutusan kontrak kerja 117 4.494 Termination benefits
441.485 540.042
Persentase terhadap jumlah beban Percentage to total salaries
tenaga kerja dan tunjangan 7,60% 9,45% and employee benefits


Selama tahun yang berakhir pada tanggal-tanggal During the years ended 31 December 2014 and 2013,
31 Desember 2014 dan 2013, tidak terdapat kerugian no impairment losses have been recorded on
penurunan nilai atas saldo transaksi dengan personil outstanding balances due from key management
manajemen kunci, dan pada tanggal-tanggal 31 Desember personnel, and as of 31 December 2014 and 2013,
2014 dan 2013 tidak ada penyisihan khusus yang dibuat there was no specific allowance made for impairment
untuk kerugian penurunan nilai atas transaksi dengan losses on balances with key management personnel
personil manajemen kunci dan kerabat dekat mereka. and their immediate relatives.
Transaksi dengan pihak-pihak berelasi dilakukan dengan Transactions with related parties are conducted with
kebijakan harga dan syarat normal, sebagaimana dilakukan normal pricing policy and conditions similar with those of
dengan pihak yang tidak berelasi, kecuali pinjaman yang third parties, except for loans to the Banks employees.
diberikan kepada karyawan Bank.
47. KEPENTINGAN NON-PENGENDALI 47. NON-CONTROLLING INTERESTS
Kepentingan non-pengendali atas aset neto Entitas Anak The movements of the non-controlling interests share in
adalah sebagai berikut: the net assets of the Subsidiaries are as follows:
2014 2013
Kepentingan non-pengendali Non-controlling interests at the
pada awal tahun 301.510 239.669 beginning of year
Penambahan kepentingan Addition to non-controlling
non-pengendali - 3 interests
Bagian kepentingan Net income for the year
non-pengendali atas laba bersih attributable to
tahun berjalan 78.645 117.636 non-controlling interests
Bagian kepentingan non-pengendali
atas keuntungan/(kerugian) yang Unrealized gains/(losses) on
belum direalisasi atas efek-efek dan available-for-sale marketable
Obligasi Pemerintah dalam securities and Government Bonds
kelompok yang tersedia untuk attributable to non-controlling
dijual, setelah pajak 1.573 (1.983) interests, net of tax
Bagian kepentingan non-pengendali Losses from effective portion on
atas kerugian dari bagian efektif derivative instruments for cash
atas instrumen derivatif untuk flow hedges attributable to
lindung nilai arus kas (2.331) (371) non-controlling interests
Pembagian dividen (141.399) (53.444) Dividend distribution
Kepentingan non-pengendali Non-controlling interests

pada akhir tahun 237.998 301.510 at the end of year


48. INFORMASI SEGMEN OPERASI 48. OPERATING SEGMENT INFORMATION
Informasi yang berkaitan dengan segmen usaha utama Information concerning the main business segments as a
secara konsolidasian disajikan dalam tabel di bawah ini: consolidated entity is set out in the table below:
2014
Retail 1) Mid Size 2) Wholesale 3) Jumlah/Total
Hasil Segmen Segment Results

Pendapatan bunga neto 11.007.700 1.869.392 802.744 13.679.836 Net interest income
Pendapatan selain bunga 3.772.788 388.209 (205.282) 3.955.715 Non-interest income
Jumlah pendapatan
operasional 14.780.488 2.257.601 597.462 17.635.551 Total operating income
Beban operasional (8.483.070) (1.045.803) (292.415) (9.821.288) Operating expenses
Beban atas kredit (3.520.881) (197.219) (80.078) (3.798.178) Cost of credit
Pendapatan dan beban Non-operating income and
bukan operasional - neto (51.614) (1.940) (736) (54.290) expenses - net
Biaya transformasi bisnis Unallocated business
yang tidak dialokasikan transformation
(Catatan 41) - - - (408.261) expense (Note 41)
Laba sebelum pajak
penghasilan 2.724.923 1.012.639 224.233 3.553.534 Income before income tax
Baban pajak penghasilan (649.047) (268.349) (55.541) (972.937) Income tax expense
Beban pajak penghasilan Unallocated income tax
untuk biaya transformasi expense for business
bisnis - - - 102.065 transformation expense
Laba bersih 2.075.876 744.290 168.692 2.682.662 Net income
2014
Aset Segmen: Segment Assets:
Pinjaman yang diberikan,
piutang pembiayaan Loans, consumer financing
konsumen, dan investasi receivables, and investment in
sewa pembiayaan tidak finance leases excluding
termasuk piutang bunga 79.491.119 39.814.275 19.238.916 138.544.310 interest receivables
Aset tresuri - - 30.595.534 30.595.534 Treasury assets
79.491.119 39.814.275 49.834.450 169.139.844
Aset yang tidak dapat dialokasi 26.568.749 Unallocated assets
Liabilitas Segmen: Segment Liabilities:

Pendanaan 71.076.831 27.486.850 19.761.053 118.324.734 Funding
Liabilitas tresuri - - 27.755.739 27.755.739 Treasury liabilities
71.076.831 27.486.850 47.516.792 146.080.473
Liabilitas yang tidak dapat dialokasi 16.610.596 Unallocated liabilities
Jumlah liabilitas 162.691.069 Total liabilities


48. INFORMASI SEGMEN OPERASI (lanjutan) 48. OPERATING SEGMENT INFORMATION (continued)
2013
Hasil Segmen Segment Results

Pendapatan bunga neto 10.847.649 1.868.979 814.415 13.531.043 Net interest income
Pendapatan selain bunga 4.529.727 358.600 41.106 4.929.433 Non-interest income
Jumlah pendapatan operasional 15.377.376 2.227.579 855.521 18.460.476 Total operating income
Beban operasional (8.210.787) (1.054.059) (429.859) (9.694.705) Operating expenses

Beban atas kredit (2.904.485) (124.383) (154.714) (3.183.582) Cost of credit
Pendapatan dan beban bukan Non-operating income and
operasional - neto (51.494) (902) 420 (51.976) expenses - net
Laba sebelum pajak

penghasilan 4.210.610 1.048.235 271.368 5.530.213 Income before income tax
Beban pajak penghasilan (1.032.763) (272.541) (65.589) (1.370.893) Income tax expense
Laba bersih 3.177.847 775.694 205.779 4.159.320 Net income
2013
Aset Segmen: Segment Assets:

Pinjaman yang diberikan,
piutang pembiayaan Loans, consumer financing
konsumen, dan investasi receivables, and investment in
sewa pembiayaan tidak finance leases excluding
termasuk piutang bunga 77.872.446 37.605.922 19.451.432 134.929.800 interest receivables
Aset tresuri - - 26.086.062 26.086.062 Treasury assets
77.872.446 37.605.922 45.537.494 161.015.862
Aset yang tidak dapat dialokasi 23.221.486 Unallocated assets
Liabilitas Segmen: Segment Liabilities:

Pendanaan 64.521.725 29.299.158 16.985.717 110.806.600 Funding
Liabilitas tresuri - - 29.014.773 29.014.773 Treasury liabilities
64.521.725 29.299.158 46.000.490 139.821.373
Liabilitas yang tidak dapat dialokasi 12.862.992 Unallocated liabilities
1) 1)
Retail terdiri dari bisnis mikro, kartu kredit, syariah, bisnis Retail consists of micro business, credit card, sharia,
asuransi, pembiayaan konsumen, pegadaian, dan perbankan insurance business, consumer financing, pawnbroking, and
retail. retail banking.
2) 2)
Mid size terdiri dari usaha kecil dan menengah dan komersial. Mid size consists of small, medium enterprise, and
commercial.
3) 3)
Wholesale terdiri dari perbankan korporasi, institusi keuangan, Wholesale consists of corporate banking, financial institution,
dan tresuri. and treasury.


49. MANAJEMEN RISIKO KEUANGAN 49. FINANCIAL RISK MANAGEMENT
Bank memiliki eksposur terhadap risiko di bawah ini: The Bank has exposures to the following risks:
- Risiko kredit - Credit risk
- Risiko pasar - Market risk
- Risiko likuiditas - Liquidity risk
- Risiko operasional - Operational risk
Catatan di bawah ini menyajikan informasi mengenai The following notes present information about the Banks
eksposur Bank terhadap setiap risiko di atas, tujuan, exposure to each of the above risks, the Banks
kebijakan dan proses yang dilakukan oleh Bank dalam objectives and policies for measuring and managing risk.
mengukur dan mengelola risiko.
a. Kerangka manajemen risiko a. Risk management framework
Organisasi manajemen risiko Bank melibatkan The organization of the Banks risk management
pengawasan dari Dewan Komisaris, Direksi, dan involves oversight from the Board of Commissioners,
Komite Pemantauan Risiko. Komite Pemantauan the Board of Directors, and the Risk Monitoring
Risiko merupakan komite risiko tertinggi di tingkat Committee. The Risk Monitoring Committee is a
Dewan Komisaris. Komite ini mengevaluasi committee that monitors risk at Commissioners
pelaksanaan yang efektif dari kebijakan manajemen level. The Risk Monitoring Committee evaluate the
risiko Bank pada seluruh bisnis Bank dan juga Anak effective implementation of the Banks risk
Perusahaan. Komite Pemantauan Risiko tersebut management policies across businesses both in
mengadakan pertemuan setiap bulannya untuk Danamon and its Subsidiaries. The Risk Monitoring
menganalisis kinerja dari portfolio kredit dan Committee meets every month to monitor portfolio
mendiskusikan hal lainnya terkait dengan risks and evaluate its mitigating controls, as well as
permasalahan risiko, mekanisme mitigasi serta any potential loss as deemed necessary. Board of
potensi kerugiannya. Dewan Komisaris Commissioners delegate authority to the President
mendelegasikan kuasa kepada Direktur Utama dan Director and Board of Directors to implement the risk
Direksi untuk mengimplementasikan strategi management strategy. The Risk Management
manajemen risiko. Komite Manajemen Risiko dibentuk Committee is established by the Board of Directors
pada tingkat Direksi dan bertanggungjawab untuk and is responsible to oversee the day to day risk
mengawasi pengembangan strategi dan kebijakan management strategy and policy development. The
manajemen risiko sehari-hari. Komite ini juga Committee also ensures that all business activities
bertugas untuk memastikan bahwa setiap aktivitas for managing the risks of the Bank and its
usaha yang ada di Bank dan Entitas Anak telah subsidiaries, comply with all risk management
mematuhi kebijakan manajemen risiko. Komite policies. The Risk Management Committee is
Manajemen Risiko diketuai oleh Direktur Bidang chaired by The Integrated Risk Director.
Risiko.
Sejalan dengan praktek di industri perbankan dan In line with industry best practices and the Basel II
sesuai Kerangka Manajemen Risiko di Basel II, Bank Risk Management Framework, the Bank has
memiliki fungsi Risiko Terintegrasi. Risiko Terintegrasi established an Integrated Risk function. Integrated
merupakan suatu fungsi manajemen risiko terintegrasi Risk is an integrated risk management function by
dengan menggabungkan risiko kredit, pasar, likuiditas combining credit, market, liquidity and operational
dan operasional, dibawah satu payung. Fungsi ini risk under one umbrella. This function is chaired by
dipimpin oleh Direktur Bidang Risiko dan didukung the Integrated Risk Director and fully staffed with
penuh oleh para manajer risiko yang berpengalaman. experienced risk managers. It is a centralized and
Ini merupakan fungsi yang terpusat dan independen independent function, clearly separated with no
yang secara jelas terlepas dari semua bisnis dan tidak reporting line or responsibility to business.
memiliki tanggung jawab terhadap bisnis.


49. MANAJEMEN RISIKO KEUANGAN (lanjutan) 49. FINANCIAL RISK MANAGEMENT (continued)
a. Kerangka manajemen risiko (lanjutan) a. Risk management framework (continued)
Prinsip pengelolaan risiko oleh Bank dilakukan secara The Bank principles of risk management are
proaktif untuk mendukung tercapainya pertumbuhan implemented proactively to support the achievement
yang sehat. Oleh karenanya kebijakan pengelolaan of sustainable growth. Therefore the Bank's risk
risiko Bank bertujuan untuk menciptakan dan management policy has been designed to create
mengimplementasikan pendekatan komprehensif and implement a comprehensive approach to
untuk mengidentifikasi, mengukur, mengelola, dan identify, measure, manage, and monitor the risks that
memantau risiko yang dihadapi Bank. Kebijakan dan the Bank faces in doing its business. The Banks risk
sistem pengelolaaan risiko ditelaah secara berkala management policies are established to identify and
untuk mencerminkan perubahan dalam kondisi pasar, analyse the risks faced by the Bank, to set
produk, dan jasa yang ditawarkan. Melalui pelatihan appropriate risk limits and controls, and to monitor
serta standar dan prosedur pengelolaan, Bank risks and adherence to limits. Risk management
berusaha untuk mengembangkan lingkungan policies and systems are reviewed regularly to reflect
pengendalian yang taat dan konstruktif, dimana changes in market conditions, products and services
semua karyawan memahami tugas, tanggung jawab, offered. The Bank, through its training and
dan kewajiban mereka. management standards and procedures, aims to
develop a disciplined and constructive control
environment, in which all employees understand
their roles, responsibilities, and obligations.
Enterprise Risk Management Policy telah ditinjau Enterprise Risk Management Policy has been
ulang dan disetujui sesuai dengan Peraturan Bank reviewed and approved in line with Bank Indonesia
Indonesia perihal penerapan manajemen risiko bagi regulation regarding Risk Management
bank umum. Kebijakan ini digunakan sebagai implementation for commercial Banks. This policy is
pedoman dalam pelaksanaan pengelolaan risiko di used as a guideline in the implementation of risk
Bank. Enterprise Risk Management Policy ditinjau management at the Bank. Enterprise Risk
ulang secara periodik. Management Policy reviewed Periodically.
Untuk meningkatkan kesadaran risiko di kalangan To improve risk awareness among employee and
karyawan dan mendukung pertumbuhan Bank, support the Banks growth, Integrated Risk
Manajemen Risiko Terpadu bekerja sama dengan Management in collaboration with Danamon
Danamon Corporate University telah Corporate University has established Risk
mengembangkan Sekolah Manajemen Risiko. Management School. The Risk Management School
Sekolah Manajemen Risiko yang ditujukan bagi will cover all employees. The syllabus consisting of
seluruh karyawan. Silabusnya terdiri dari pelatihan Basic, Intermediate, and Advanced Risk trainings. All
mengenai Risiko Dasar, Menengah, dan Mahir. training material has been completed and training
Seluruh pembuatan materi pelatihan telah selesai dan has been carried out every year.
pelatihan telah dilaksanakan setiap tahun.
Program Management Trainee khusus untuk Integrated Risk Directorate Management Trainee
Direktorat Risiko Terintegrasi yang telah dilaksanakan program that has been taken place is expected to
diharapkan dapat memperkuat elemen sumber daya strengthen human resources element in Integrated
manusia di Direktorat Risiko Terintegrasi dan juga Risk Directorate and also staff regeneration.
menjadi kaderisasi personel.
Untuk pengukuran kecukupan modal pada Pilar 1 In Capital Adequacy Basel II Pillar 1, the Bank has
Basel II, Bank telah menggunakan metode already applied Standardized Approach for credit
pendekatan standar untuk risiko kredit. Sedangkan risk. While for market risk uses Standardized
untuk risiko pasar, Bank menggunakan metode Approach and Operational Risk uses Basic Indicator
pendekatan standar dan pendekatan Basic Indicator Approach.
untuk risiko operasional.


a. Kerangka manajemen risiko (lanjutan) a. Risk management framework (continued)
Mulai tahun 2013, Bank Indonesia Starting 2013, Bank Indonesia implemented Basel II
mengimplementasikan Pilar 2 yaitu mekanisme Pillar 2 i.e. ICAAP mechanism and SREP based on
ICAAP dan SREP berdasarkan laporan profil risiko Bank Risk Profile report. Since 2013, Bank has
Bank. Sejak tahun 2013, Bank telah melaporkan submitted the report in line with Bank Indonesia
laporan Kecukupan Modal Berdasarkan Profil Risiko regulations.
sesuai dengan ketentuan Bank Indonesia.
Pada kwartal 3 tahun 2013, Bank telah menyusun In the third quarter of 2013, the Bank has developed
framework ICAAP bersama Octagon Advisor sebagai ICAAP framework in consultation with Octagon
konsultan Independen, dan pada akhir Q2 2014, Advisor as an independent consultant, and at the
Internal Audit melakukan proses independen review end of Q2 2014, Internal Audit finished the process
tahunan. of independent annual review.
Sebagai bagian dari Pilar 3 Basel II, Keterbukaan dan As part of Basel II Pillar 3, Disclosure and Market
Disiplin Pasar juga diterapkan oleh Bank mulai dari Discipline is also implemented by the Bank starting
Laporan Tahunan 2012 sesuai ketentuan BI. 2012 through its Annual Report publication as per BI
regulation.
Komite Audit Bank memiliki tanggung jawab untuk The Banks Audit Committee is responsible for
memantau kepatuhan Bank terhadap kebijakan dan monitoring the Banks compliance with risk
prosedur manajemen risiko, dan untuk menelaah management policies and procedures, and for
kecukupan kerangka manajemen risiko yang terkait reviewing the adequacy of the risk management
dengan risiko-risiko yang dihadapi oleh Bank. Dalam framework in relation to the risks faced by the Bank.
menjalankan fungsinya, Komite Audit dibantu oleh The Banks Audit Committee is assisted in these
Divisi Internal Audit. Internal Audit secara berkala functions by Internal Audit. Internal Audit undertakes
maupun sesuai kebutuhan, menelaah pengendalian both regular and ad-hoc reviews of risk management
dan prosedur manajemen risiko secara independen controls and procedures independently, the results of
dan melaporkan hasilnya ke Komite Audit Bank. which are reported to the Banks Audit Committee.
b. Risiko kredit b. Credit risk
Risiko kredit adalah risiko signifikan yang terutama Credit risk is a significant risk mainly arises from the
muncul dari kegiatan perkreditan Bank. Risiko ini Bank's lending activities to its counterparties. This
timbul dari kemungkinan bahwa beberapa nasabah risk arises from the possibility that some of
dan counterparty tidak mampu untuk memenuhi customers and counterparties are unable to honour
kewajiban mereka kepada Bank. Tujuan dari their obligations to the Bank. The objective of credit
pengelolaan risiko kredit adalah untuk mengendalikan risk management is to control and manage credit risk
dan mengelola eksposur risiko kredit dalam batasan exposures within acceptable limits, while optimizing
yang dapat diterima, sekaligus memaksimalkan risk the risk adjusted returns.
adjusted return.
Risiko kredit dikelola melalui penetapan kebijakan - Credit risk is managed through established policies
kebijakan dan proses-proses yang meliputi kriteria and processes covering credit acceptance criteria,
pemberian kredit, origination, dan persetujuan kredit, credit origination, and approval, pricing, monitoring,
penetapan pricing, pemantauan, pengelolaan kredit problem loan management and portfolio
bermasalah dan manajemen portofolio. Credit Risk management. Bank wide Credit Risk Policy is used
Policy secara bankwide digunakan sebagai acuan as a main reference for all line of business and
utama bagi semua lini bisnis dan Entitas Anak dalam subsidiaries in managing their loan portfolio. Credit
menjalankan aktivitas perkreditan. Credit Risk Policy Risk Policy must be reviewed at least once a year, to
direview minimal setahun sekali, untuk menyesuaikan adjust with the latest regulation and condition.
dengan regulasi dan kondisi terkini.


b. Risiko kredit (lanjutan) b. Credit risk (continued)
Bank juga dengan ketat memantau perkembangan The Bank also closely monitors the performance of
portofolio kredit Bank, termasuk Entitas Anak yang its loan portfolios, including its Subsidiaries that
memungkinkan Bank untuk melakukan tindakan enable the Bank to initiate preventive actions in a
pencegahan secara tepat waktu apabila terjadi timely manner when there is deterioration is
penurunan kualitas kredit. Untuk deteksi dini kredit observed in credit quality. To detect possible
bermasalah yang akan muncul, Bank juga memiliki problem loans, Bank also has a Watch List for
daftar Watch List untuk nasabah segmen wholesale. wholesale segment customers.
Bank terus melanjutkan untuk mengelola dan The Bank continued to actively manage and monitor
mengawasi secara aktif kualitas portofolio pinjaman the loan portfolio quality by improving credit risk
yang diberikan dengan cara menyempurnakan credit policies effectively, improving procedures, and
risk policy secara efektif, penyempurnaan prosedur, systems development in an effort to keep the
dan pengembangan sistem dalam upaya menjaga negative impact caused by non-performing loans
dampak negatif yang diakibatkan oleh kredit (NPL). The Bank also keeps reviewing all relevant
bermasalah. Bank juga terus melakukan tinjauan process and policies on an ongoing basis, including
secara terus menerus dari semua proses dan any adjustment required due to BI regulation and
kebijakan yang relevan, termasuk penyesuaian yang developments in the external economic factors on
diperlukan dikarenakan peraturan Bank Indonesia dan regular basis.
juga terhadap perkembangan faktor makro ekonomi.
Program produk dan pedoman kredit telah Product programs and credit guideline have been
dikembangkan oleh masing-masing bisnis unit dengan developed by each business unit by referring to the
mengacu pada Credit Risk Policy dan direview secara established Credit Risk Policy and are reviewed
berkala oleh unit kerja terkait. regularly by related units.
Sistem Informasi Manajemen telah tersedia dan Management Information Systems (MIS) are in place
mencakup tingkat yang signifikan untuk mendeteksi and cover a significant level of details to detect any
setiap perkembangan yang kurang baik sedini adverse development at an early stage, thus
mungkin sehingga memungkinkan dilakukannya allowing for timely actions on the deterioration in
tindakan secara tepat waktu atas penurunan kualitas credit quality or to minimize credit losses.
kredit atau untuk meminimalisasi kerugian kredit.
Bank telah mengembangkan proses pemeringkatan The Bank has established Customer Rating Process
nasabah korporasi dan juga institusi keuangan. for Corporate, Commercial and Financial Institutions
Proses pemeringkatan nasabah dilakukan dengan counterparties. Customer rating process is
platform analisis Moodys yang telah dikenal, yaitu performed through a well-known Moodys Analytics
Risk Analyst. Penilaian Scorecard dan Probability of platform named Risk Analyst. These Ratings
Default (PD) dikembangkan secara internal melalui Scorecard and Probability of Default (PD) are
konsultasi dengan analis professional dari Moodys. developing internally in consultation with Moodys
Rating Probability of Default ini lalu dipetakan kepada Analytics professional service. These Probability of
Master Scale yang dimiliki Bank secara internal. Hasil Default Ratings are mapped to the Bank internal
dari proses pemeringkatan nasabah ini digunakan Master Scale. The Ratings are used as one of the
sebagai salah satu parameter yang digunakan parameters inputs apart from others to make
sebagai referensi dalam proses persetujuan kredit, judgements about the counterparty credit risk. Now
terlepas dari penilaian-penilaian lainnya. Saat ini bank the Bank is in the process of Corporate &
dalam proses re-validasi rating Corporate & Commercial Rating re-validation with Moodys. In
Commercial bersama Moodys. Di sisi Retail bank Retail segment, the Bank has also developed credit
telah membangun Scorecard untuk kartu kredit. card scorecard building.


Kelayakan setiap nasabah dievaluasi untuk The creditworthiness of individual counterparty is

menetapkan batasan kredit yang sesuai. Batas kredit evaluated and appropriate credit limits are
ditetapkan sesuai dengan maksimum eksposur Bank established. Credit limits set forth maximum credit
untuk jangka waktu tertentu. Batas kredit juga exposures the Bank is willing to assume over
ditetapkan untuk industri, negara, dan produk untuk specified periods. Credit limits are also established
memastikan diversifikasi risiko kredit yang luas dan for industries, countries, and products to ensure
menghindari terjadinya ketidakseimbangan broad diversification of credit risk and to avoid undue
konsentrasi. concentration.
Agunan Collateral
Bank menerapkan kebijakan untuk memitigasi risiko The Bank employs policies to mitigate credit risk, by
kredit, antara lain dengan meminta agunan sebagai asking collateral to secure the repayment of loan if
jaminan pelunasan kredit jika jaminan berupa sumber the main source of debtors payment is based on its
pembayaran utama debitur berdasarkan arus kas cash flow were not fulfilled. Collateral types that can
tidak terpenuhi. Jenis agunan yang dapat diterima be used for working capital and investment loans to
untuk kredit modal kerja dan investasi dalam rangka mitigate the risk are such as: cash (including
memitigasi risiko kredit antara lain adalah kas deposits from customers), land and/or building,
(termasuk simpanan dari nasabah), tanah dan/atau Standby LC/Bank Guarantee received by the Bank,
bangunan, Standby LC/Bank Garansi yang diterima machinery, vehicle, trade receivable, inventory,
Bank, mesin, kendaraan bermotor, piutang dagang, shares or other marketable securities. Estimates of
bahan baku/barang dagangan (persediaan), saham fair value of collateral held by the Bank is based on
atau surat berharga lainnya. Perkiraan nilai wajar dari the value of collateral assessed internally or
agunan yang digunakan oleh Bank didasarkan pada externally by the independent appraisers.
nilai agunan yang dinilai oleh penilai internal maupun
eksternal.
Agunan yang dimiliki sebagai jaminan atas aset Collateral held as security for financial assets other
keuangan selain untuk kredit yang diberikan than loans depends on the nature of the instrument.
ditentukan berdasarkan sifat dari instrumennya. Efek Debt securities, treasury, and other eligible bills are
utang, treasuri, dan tagihan kepada nasabah bank generally unsecured, except for asset-backed
yang memenuhi syarat lainnya pada umumnya securities and similar instruments, which are secured
bersifat unsecured kecuali untuk asset-backed by portfolios of financial instruments. Particularly for
securities dan instrumen sejenis, yang dijaminkan corporate customers, the required collateral can be
dengan portofolio instrumen keuangan. Khususnya in the form of margin collateral.
untuk nasabah korporasi, jaminan yang disyaratkan
antara lain dapat berupa margin collateral.
i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk
Untuk aset keuangan yang diakui di laporan For financial assets recognized on the
posisi keuangan konsolidasian, eksposur consolidated statement of financial position, the
maksimum terhadap risiko kredit sama dengan maximum exposure to credit risk equals their
nilai tercatatnya. Untuk liabilitas kontinjensi, carrying amount. For contingent liabilities, the
eksposur maksimum terhadap risiko kredit adalah maximum exposure to credit risk is the
nilai maksimum yang harus Bank bayarkan maximum amount that the Bank would have to
dalam hal timbul kewajiban atas instrumen yang pay if the obligations of the instruments issued
diterbitkan. Untuk komitmen kredit, eksposur are called upon. For credit commitments, the
maksimum terhadap risiko kredit adalah sebesar maximum exposure to credit risk is the full
jumlah fasilitas yang belum ditarik dari nilai penuh amount of the un-drawn committed credit
fasilitas kredit yang telah disepakati (committed) facilities granted to customers.
kepada nasabah.


i. Eksposur maksimum terhadap risiko kredit i. Maximum exposure to credit risk (continued)
(lanjutan)
Tabel berikut menyajikan eksposur maksimum The following table presents the Banks
terhadap risiko kredit Bank atas instrumen maximum exposure to credit risk on financial
keuangan pada laporan posisi keuangan instruments in its consolidated statements of
konsolidasian dan komitmen dan kontinjensi financial position and commitments and
(rekening administratif), tanpa memperhitungkan contingencies (administrative accounts), without
agunan yang dimiliki atau jaminan kredit lainnya. taking into account any collateral held or other
credit enhancement.
2014 2013
Laporan Posisi Keuangan Consolidated Statements of
Konsolidasian: Financial Position:
Current accounts
Giro pada Bank Indonesia 10.268.357 9.261.322 with Bank Indonesia
Current accounts
Giro pada bank lain 4.857.902 5.334.964 with other banks
Penempatan pada bank lain dan Placements with other
Bank Indonesia 9.674.875 7.399.600 banks and Bank Indonesia
Efek-efek Marketable securities
Tersedia untuk dijual 8.620.202 7.347.419 Available-for-sale
Dimiliki hingga jatuh tempo 267.904 379.697 Held-to-maturity
Efek yang dibeli dengan janji dijual Securities purchased under
kembali 540.541 - resale agreements
Tagihan derivatif 461.291 1.174.517 Derivative receivables
Pinjaman yang diberikan Loans
Konsumsi 29.578.790 28.109.514 Consumer
Piutang pembiayaan konsumen 26.418.852 27.177.831 Consumer financing receivables
Investasi sewa pembiayaan 1.916.659 1.496.861 Investment in finance leases
Piutang premi 366.554 118.268 Premium receivables
Aset reasuransi 670.216 568.311 Reinsurance assets
Tagihan akseptasi 7.567.043 4.107.561 Acceptances receivable
Obligasi Pemerintah Government bonds
Diperdagangkan 702.774 126.788 Trading
Tersedia untuk dijual 5.902.233 5.471.501 Available-for-sale
Investasi dalam saham 157.579 12.175 Investments in shares
Aset lain-lain - neto 935.062 970.561 Other assets - net
186.102.255 174.415.630
Komitmen dan kontinjensi: Commitments and contingencies:

Fasilitas kredit kepada debitur
yang belum digunakan 372.930 317.280 Unused loan facilities
Garansi yang diterbitkan 3.619.011 3.352.795 Guarantees issued
Irrevocable Letters of Credit Outstanding irrevocable
yang masih berjalan 2.662.187 2.488.006 Letters of Credit
6.654.128 6.158.081
Jumlah 192.756.383 180.573.711 Total


ii. Analisis risiko konsentrasi kredit ii. Concentration of credit risk analysis
Risiko konsentrasi kredit timbul ketika sejumlah Concentrations of credit risk arise when a
nasabah bergerak dalam aktivitas usaha yang number of customers are engaged in similar
sejenis atau memiliki kegiatan usaha dalam business activities or activities within the same
wilayah geografis yang sama, atau memiliki geographic region, or when they have similar
karakteristik yang sejenis yang dapat characteristics that would cause their ability to
menyebabkan kemampuan nasabah untuk meet contractual obligations to be similarly
memenuhi kewajiban kontraktualnya sama-sama affected by changes in economic or other
dipengaruhi oleh perubahan kondisi ekonomi conditions.
ataupun kondisi lainnya.
Bank mendorong adanya diversifikasi dari The Bank encourages the diversification of its
portofolio kreditnya pada berbagai wilayah credit portfolio among a variety of geographic
geografis, industri, produk kredit, individual area, industries, credit product, individual
obligor, mencerminkan profil risiko yang obligors, reflecting a well balanced and healthy
seimbang dan sehat, dan untuk fokus pada risk profile, and to focus marketing efforts
upaya pemasaran terhadap industri dan nasabah toward potential industries and customers in
yang potensial untuk meminimalisir risiko kredit. order to minimize the credit risk. Currently, Bank
Saat ini, Bank juga tengah mengembangkan limit is also developing industry concentration limits
konsentrasi industri yang ditetapkan berdasarkan based on industry risk level and also availability
tingkat risiko industri dan juga ketersediaan of capital.
modal.
Penambahan diversifikasi ini berdasarkan The extent of diversification is based on the

rencana strategi Bank, sektor target, kondisi Banks strategic plan, target sectors, current
ekonomi saat ini, kebijakan pemerintah, sumber economic conditions, government policy,
pendanaan, dan proyeksi pertumbuhan. funding sources and growth projections.
Konsentrasi kredit yang diberikan berdasarkan Concentration of credit risk of loans receivable
jenis kredit, mata uang, sektor ekonomi, dan by type of loans, currency, economic sector, and
wilayah geografis diungkapkan pada Catatan 11. geographic region is disclosed in Note 11.


iii. Stress testing iii. Stress testing
Stress Test adalah metode pengukuran risiko Stress Testing is a method of risk measurement
dengan memperkirakan potensi kerugian by estimating the potential economic loss to the
ekonomi Bank berdasarkan kondisi pasar Bank under abnormal market conditions in order
abnormal untuk memastikan sensitivitas kinerja to ascertain the sensitivity of the Banks
Bank terhadap perubahan faktor risiko dan performance to changes in risk factors and to
mengidentifikasi faktor yang mempengaruhi dan identify influencing factors that significantly
berdampak kepada pendapatan dan modal Bank impact the Banks revenue and capital. Bank
secara signifikan. Stress test secara menyeluruh wide stress test must be conducted at least
harus dilakukan setidaknya setiap tahun atau annually or when there is an occurrence of
ketika timbul kejadian peristiwa atau kejadian event or events that has a significant negative
yang memiliki dampak negatif yang signifikan impact to the Banks portfolio earnings. All line
terhadap pendapatan portofolio bank. Semua lini of business and subsidiaries are responsible to
bisnis dan Entitas Anak bertanggung jawab untuk conduct bank wide stress tests. Scenarios for
melakukan stress test secara bank wide. annual bank wide stress test are defined into
Skenario untuk stress test tahunan secara three categories: Mild, Moderate, and Severe
bankwide didefinisikan menjadi tiga kategori: based on the severity of macroeconomic factors
Mild, Moderate dan Severe, berdasarkan severity used in the scenarios (e.g.: GDP, inflation,
faktor-faktor ekonomi makro yang digunakan IDR/USD, etc). In addition to scenarios built
dalam skenario (contoh: GDP, inflasi, IDR/USD, around historically observed events, considered
dll). Selain skenario yang dibuat berdasarkan hypothetical adverse events and their impact
kejadian historis yang diamati, Bank juga are also considered. This is done in
mempertimbangkan kejadian yang berdampak collaboration with the Banks economist team
buruk secara hipotetis dan dampaknya. Hal ini together with risk head from each Line of
dilaksanakan melalui kerja sama dengan tim Business, and Chief Credit Officers based on
ekonomi bersama dengan risk head dari setiap their view of possible macroeconomic
Lini Bisnis, dan juga Chief Credit Officer developments.
berdasarkan pandangan mereka tentang
kemungkinan perkembangan makro ekonomi.
Selain stress test yang dilakukan tahunan, Bank In addition to the yearly stress test conducted,
juga dapat melakukan stress test tambahan there is a chance for the Bank to conduct
sepanjang tahun tergantung pada terjadinya additional stress test throughout the year
peristiwa ekonomi atau industri tertentu. Jenis depending upon the occurrence of economic or
stress test biasanya dilakukan per industri industry specific events. These types of stress
(contoh batubara, kelapa sawit, dll) karena test are typically done per industry (e.g. coal,
beberapa peristiwa dalam industri yang mungkin palm oil, etc.) due to some events in the industry
mempengaruhi kemampuan debitur untuk that might influence the customers ability to
membayar. Dalam stress test ini, kondisi pasar pay. In this exercise, the market conditions
dinilai berkaitan dengan peristiwa yang terjadi assessed are pertaining to the current events
saat ini di industri (contoh penurunan harga that happen in the industry (e.g. drop in coal
batubara, peraturan baru dari pemerintah yang price, new regulation from government that
mungkin mengakibatkan inflasi tinggi, dll). might result in high inflation, etc.).
Selain itu, dalam menghadapi kondisi fluktuasi Moreover, in dealing with the IDR/USD
nilai tukar IDR/USD, maka Bank telah exchange rate fluctuations, the Bank has
mengadakan stress test untuk nasabah conducted stress tests for wholesale customers
wholesale yang memiliki eksposur risiko mata who have the foreign currency risk exposure for
uang asing dengan beberapa skenario kurs. some several exchange rate scenarios.
Bank secara aktif terlibat dalam persiapan The Bank is actively involved in the preparation
penerapan Basel II/III sesuai dengan panduan of Basel II/III implementation in accordance with
dari Bank Indonesia. the Bank Indonesia guidelines.


iv. Konsentrasi berdasarkan jenis debitur iv. Concentration by type of debtors
Tabel berikut menyajikan konsentrasi aset The following table presents the concentration
keuangan dan komitmen dan kontinjensi of financial assets and commitments and
(rekening administratif) berdasarkan jenis debitur: contingencies (administrative accounts) by type
of debtors:
2014
Pemerintah dan
Bank Indonesia/ Bank-
Korporasi/ Government and bank/ Retail/ Jumlah/
Corporate Bank Indonesia Banks Retail Total
Current accounts with
Giro pada bank lain dan BI - 10.268.357 4.857.902 - 15.126.259 other banks and BI
Penempatan pada bank Placements with other
lain dan BI - 3.116.475 6.558.400 - 9.674.875 banks and BI
Efek-efek 3.015.292 4.718.939 1.153.875 - 8.888.106 Marketable securities
Securities purchased
Efek yang dibeli dengan under resale
janji dijual kembali - 540.541 - - 540.541 agreements
Tagihan derivatif 3.872 - 457.419 - 461.291 Derivative receivables
Pinjaman yang diberikan 43.626.748 18.754 1.075.031 62.053.678 106.774.211 Loans
Piutang pembiayaan Consumer financing
konsumen 631.910 - - 25.786.942 26.418.852 receivables
Investasi sewa Investment in finance
pembiayaan 258.896 - - 1.657.763 1.916.659 leases
Aset reasuransi 670.216 - - - 670.216 Reinsurance assets
Tagihan akseptasi 7.387.800 - 23.759 155.484 7.567.043 Acceptances receivable
Obligasi Pemerintah - 6.605.007 - - 6.605.007 Government Bonds
Investasi dalam saham 2.475 - 155.104 - 157.579 Investments in shares
Piutang premi dan aset Premium receivables
lain-lain 640.348 20.589 102.045 538.634 1.301.616 and other assets
Commitments and
Komitmen dan kontinjensi 5.765.988 48.316 28.920 810.904 6.654.128 contingencies
Jumlah 62.003.545 25.336.978 14.412.455 91.003.405 192.756.383 Total
% 32% 13% 7% 47% 100% %
2013
Pemerintah dan
Bank Indonesia/ Bank-
Korporasi/ Government and bank/ Retail/ Jumlah/
Corporate Bank Indonesia Banks Retail Total
Giro pada bank lain dan BI - 9.261.322 5.334.964 - 14.596.286 other banks and BI
Penempatan pada bank Placements with other
lain dan BI - 3.641.815 3.757.785 - 7.399.600 banks and BI
Efek-efek 2.365.811 4.238.750 1.122.555 - 7.727.116 Marketable securities
Tagihan derivatif 1.924 417.888 754.705 - 1.174.517 Derivative receivables
Pinjaman yang diberikan 42.614.839 73.230 921.875 59.858.310 103.468.254 Loans
konsumen 736.609 - - 26.441.222 27.177.831 receivables
pembiayaan 299.139 - - 1.197.722 1.496.861 leases
Aset reasuransi 568.311 - - - 568.311 Reinsurance assets
Tagihan akseptasi 4.106.075 - 1.486 - 4.107.561 Acceptances receivable
Obligasi Pemerintah - 5.598.289 - - 5.598.289 Government Bonds
Investasi dalam saham 2.475 - 9.700 - 12.175 Investments in shares
Piutang premi dan aset Premium receivables
lain-lain 324.758 74.977 155.415 533.679 1.088.829 and other assets
Commitments and
Komitmen dan kontinjensi 5.134.759 178.105 38.932 806.285 6.158.081 contingencies
Jumlah 56.154.700 23.484.376 12.097.417 88.837.218 180.573.711 Total
% 31% 13% 7% 49% 100% %


v. Kualitas kredit dari aset keuangan v. Credit quality of financial assets
Pada tanggal-tanggal 31 Desember 2014 dan As of 31 December 2014 and 2013, credit risk
2013, eksposur risiko kredit atas aset keuangan exposure relating to financial assets is
diklasifikasikan sebagai berikut: classified as follows:
2014
Belum jatuh tempo Telah jatuh tempo
atau tidak mengalami tetapi tidak
penurunan mengalami Mengalami
nilai/Neither past due penurunan nilai/ Past penurunan nilai/
nor impaired due but not impaired Impaired Jumlah/Total
ASET ASSETS
Giro pada Bank Indonesia 10.268.357 - - 10.268.357 Bank Indonesia
Giro pada bank lain 4.860.602 - - 4.860.602 other banks
dan Bank Indonesia 9.679.838 - - 9.679.838 and Bank Indonesia
Tersedia untuk dijual 8.620.202 - - 8.620.202 Available-for-sale
Dimiliki hingga jatuh tempo 269.346 - 20.000 289.346 Held-to-maturity
dijual kembali 540.541 - - 540.541 resale agreements
Tagihan derivatif 461.291 - - 461.291 Derivative receivables
Pinjaman yang diberikan 102.393.740 2.466.965 4.714.424 109.575.129 Loans
konsumen 21.741.889 5.071.486 722.924 27.536.299 receivables
Investasi sewa pembiayaan 1.555.466 357.084 33.052 1.945.602 Investment in finance leases
Piutang premi 366.554 - - 366.554 Premium receivables
Aset reasuransi 670.216 - - 670.216 Reinsurance assets
Tagihan akseptasi 7.567.043 - - 7.567.043 Acceptances receivable
Obligasi Pemerintah Government Bonds
Diperdagangkan 702.774 - - 702.774 Trading
Investasi dalam saham 157.579 - - 157.579 Investments in shares
Aset lain-lain 935.062 - - 935.062 Other assets
Jumlah 176.692.733 7.895.535 5.490.400 190.078.668 Total
Dikurangi: Less:
penurunan nilai (3.976.413) losses
186.102.255


v. Kualitas kredit dari aset keuangan (lanjutan) v. Credit quality of financial assets (continued)
2013
Belum jatuh tempo Telah jatuh tempo
atau tidak mengalami tetapi tidak
penurunan mengalami Mengalami
nilai/Neither past due penurunan nilai/ Past penurunan nilai/
nor impaired due but not impaired Impaired Jumlah/Total
ASET ASSETS
Giro pada Bank Indonesia 9.261.322 - - 9.261.322 Bank Indonesia
Giro pada bank lain 5.337.981 - - 5.337.981 other banks
dan Bank Indonesia 7.401.552 - - 7.401.552 and Bank Indonesia
Dimiliki hingga jatuh tempo 380.819 - 20.000 400.819 Held-to-maturity
Tagihan derivatif 1.174.517 - - 1.174.517 Derivatives receivables
Pinjaman yang diberikan 100.120.695 2.046.841 3.613.105 105.780.641 Loans
konsumen 23.182.622 4.438.917 470.063 28.091.602 receivables
Investasi sewa pembiayaan 1.301.117 193.878 16.046 1.511.041 Investment in finance leases
Piutang premi 118.268 - - 118.268 Premium receivables
Aset reasuransi 568.311 - - 568.311 Reinsurance assets
Tagihan akseptasi 4.107.561 - - 4.107.561 Acceptances receivable
Diperdagangkan 126.788 - - 126.788 Trading
Investasi dalam saham 12.175 - - 12.175 Investments in shares
Aset lain-lain 905.611 - 88.240 993.851 Other assets
Jumlah 166.818.259 6.679.636 4.207.454 177.705.349 Total
Dikurangi: Less:
penurunan nilai (3.289.719) losses
174.415.630
Analisa umur pinjaman yang diberikan, piutang An aging analysis of loans, consumer financing
pembiayaan konsumen, dan investasi sewa receivables, and investment in finance leases
pembiayaan yang telah jatuh tempo tetapi tidak that are past due but not impaired as of
mengalami penurunan nilai pada tanggal-tanggal 31 December 2014 and 31 December 2013 is
31 Desember 2014 dan 2013 adalah: set out below:
2014
Modal kerja/ Investasi/ Konsumsi/

Working capital Investment Consumer Jumlah/Total
1 - 30 hari 265.540 376.490 5.171.076 5.813.106 1 - 30 days

31 - 60 hari 189.419 232.300 545.741 967.460 31 - 60 days
61 - 90 hari 487.784 353.165 274.020 1.114.969 61 - 90 days
942.743 961.955 5.990.837 7.895.535


v. Kualitas kredit dari aset keuangan (lanjutan) v. Credit quality of financial assets (continued)
2013
Modal kerja/ Investasi/ Konsumsi/
Working capital Investment Consumer Jumlah/Total
1 - 30 hari 296.555 335.689 4.462.694 5.094.938 1 - 30 days

31 - 60 hari 162.706 192.990 456.785 812.481 31 - 60 days
61 - 90 hari 326.251 201.209 244.757 772.217 61 - 90 days
785.512 729.888 5.164.236 6.679.636
c. Risiko pasar c. Market risk
Risiko pasar merupakan risiko yang timbul karena Market risk is the risk of loss arising from adverse
adanya pergerakan faktor pasar seperti suku bunga movement in market variables in portfolios held by
dan nilai tukar pada portofolio yang dimiliki oleh Bank the Bank which are defined as interest rates and
yang dapat menyebabkan kerugian bagi bank exchange rates.
(adverse movement).
Risiko pasar terdapat pada aktivitas fungsional Bank Market risk exists at a bankwide level, as well as
termasuk level kegiatan tresuri. Aktivitas ini mencakup treasury business level. These include exposure in
posisi dalam bentuk efek dan pasar uang, penyertaan securities and money market, equity participation in
pada lembaga keuangan lainnya, penyediaan dana other financial institutions, provisions of funds (loans
(pinjaman dan bentuk sejenis lainnya), kegiatan and other similar forms), funding and issuance of
pendanaan dan penerbitan surat utang, dan kegiatan debt instruments, and trade financing activities.
trade finance.
Tujuan dari manajemen risiko pasar adalah untuk The objective of market risk management is to
melakukan identifikasi, pengukuran, pengendalian, identify, measure, control, and manage market risk
dan pengelolaan eksposur risiko pasar dalam exposures within acceptable parameters, while
parameter yang dapat diterima, serta memaksimalkan optimizing the returns. This is done through a
tingkat pengembalian. Hal ini dilakukan melalui comprehensive policy and limit framework to identify,
kebijakan yang komprehensif dan kerangka limit measure, and monitor the amount of risk based on
untuk mengidentifikasi, mengukur, dan memonitor risk appetite of the Bank. Market risk limits are
nilai risiko berdasarkan tingkat risiko yang akan allocated at bankwide level and are reported and
diambil (risk appetite) oleh Bank. Limit dari risiko monitored by Market and Liquidity Risk Division on a
pasar ditetapkan pada tingkat bankwide dan daily basis. Management Action Triggers (MAT)
dilaporkan serta dipantau oleh Divisi Market and helps the management to sensitize in case the risk
Liquidity Risks setiap hari. Management Action level is high.
Triggers (MAT) membantu manajemen dalam
memberikan respon pada saat tingkat risiko menjadi
tinggi.
Divisi Market and Liquidity Risks bertanggungjawab Market and Liquidity Risks Division is responsible for
untuk melakukan identifikasi, pengukuran, identifying, measuring, monitoring, and controlling
pemantauan, dan pengendalian risiko pasar di Bank market risk in the Bank, based on framework
berdasarkan kerangka yang disetujui oleh Komite approved by Assets and Liability Committee (ALCO).
Aset dan Liabilitas (ALCO). ALCO berperan sebagai ALCO acts as the apex senior management forum
forum manajemen senior tertinggi untuk mengambil charged with making all policy decisions regarding
keputusan atas kebijakan yang berkaitan dengan market and liquidity risk management. On the other
manajemen risiko pasar dan likuiditas. Disamping itu, hand, the Risk Management Committee (RMC)
Komite Pengelolaan Risiko mengkonfirmasikan dan confirms and endorses ALCO decision.
menyetujui keputusan ALCO.


c. Risiko pasar (lanjutan) c. Market risk (continued)
Secara keseluruhan, risiko pasar dibagi menjadi dua On the overall, market risk is divided into two
bagian sebagai berikut: following risks:
i. Risiko mata uang asing i. Foreign currency risk
Risiko mata uang asing timbul dari adanya posisi Foreign exchange risks arise from on and off-
neraca dan komitmen dan kontinjensi (off- balance sheet positions both on the asset and
balance sheet) baik di sisi aset maupun liabilitas liability sides through transactions in foreign
yang timbul melalui transaksi mata uang asing. currencies.
Bank mengukur risiko nilai tukar untuk melihat The Bank measures the foreign exchange risk to
dampak perubahan nilai tukar pada pendapatan understand the impact of the exchange rate
dan modal Bank. Untuk mengelola dan movement on the Banks revenue and capital. In
memitigasi risiko nilai tukar, pembatasan posisi order to manage and mitigate the foreign
secara internal telah ditetapkan di bawah limit exchange risk, predefined limits are set on top of
regulator yaitu sebesar 20%. Untuk posisi devisa the 20% regulatory limit. For net open position
neto, Bank memperkenalkan pengukuran yang (NOP), the Bank is introducing a more risk
lebih sensitif terhadap risiko, seperti VaR (Value sensitive measurement, such as VaR (Value at
at Risk) untuk keperluan analisis internal. Secara Risk) for internal analysis purpose. In stages,
bertahap, VaR akan diperhitungkan di dalam VaR is to be incorporated in market risk limit
kerangka limit risiko pasar. framework.
2014
Posisi Devisa Neto/
Mata Uang Aset/Assets Liabilitas/Liabilities Net Open Position Currencies
Keseluruhan
(Laporan
posisi keuangan Aggregate (Statement
dan Rekening of financial position
Administratif) and Off-Balance Sheet)
Dolar Amerika
Serikat 39.015.516 38.794.839 220.677 United States Dollar
Euro Eropa 219.548 212.292 7.256 European Euro
Dolar Singapura 575.816 580.044 4.228 Singapore Dollar
Dolar Hong Kong 22.957 12.776 10.181 Hong Kong Dollar
Yen Jepang 247.262 238.571 8.691 Japanese Yen
Poundsterling Great Britain
Inggris 16.104 13.784 2.320 Poundsterling
Dolar Australia 459.321 453.668 5.653 Australian Dollar
Lain-lain 26.270 20.232 7.635 *) Other currencies
Jumlah 266.641 Total
Jumlah Modal
Tier I dan II 24.018.130 Total Tier I and II Capital
Rasio PDN (Keseluruhan) 1,11% NOP Ratio (Aggregate)


i. Risiko mata uang asing (lanjutan) i. Foreign currency risk (continued)
2014
Posisi Devisa Neto/
Mata Uang Aset/Assets Liabilitas/Liabilities Net Open Position Currencies
Keseluruhan
(Laporan Aggregate (Statement
posisi keuangan of financial position
dan Rekening and Off-Balance Sheet)
Administratif)
Dolar Amerika
Serikat 33.973.650 33.877.535 96.115 United States Dollar
Euro Eropa 254.499 267.303 12.804 European Euro
Dolar Singapura 588.253 594.818 6.565 Singapore Dollar
Dolar Hong Kong 4.696 52 4.644 Hong Kong Dollar
Yen Jepang 349.237 347.114 2.123 Japanese Yen
Poundsterling Great Britain
Inggris 20.084 19.326 758 Poundsterling
Dolar Australia 608.226 598.986 9.240 Australian Dollar
Lain-lain 32.008 5.765 26.733*) Other currencies
Jumlah 158.982 Total
Jumlah Modal Tier I dan II 21.494.747 Total Tier I and II Capital
Rasio PDN (Keseluruhan) 0,74% NOP Ratio (Aggregate)
*) Merupakan penjumlahan dari nilai absolut atas selisih *) The sum of the absolute values of the difference between assets and
aset dan liabilitas di Laporan posisi keuangan untuk liabilities at the Statement of financial position for each foreign
setiap mata uang asing ditambah dengan selisih tagihan currency and added with the difference between receivables and
dan liabilitas dalam bentuk komitmen dan kontinjensi. liabilities in the form of commitments and contingencies.
Analisa Sensitivitas Sensitivity Analysis
Selain melakukan pemantauan terhadap rasio In addition to the NOP ratio monitoring, the Bank
PDN, Bank juga melakukan pemantauan also monitors the foreign exchange sensitivity.
sensitivitas nilai tukar mata uang asing. Bank The Bank performs simulations to illustrate the
melakukan simulasi untuk menggambarkan exposure if there are movements in the foreign
besarnya eksposur jika terjadi pergerakan nilai exchange. Factor sensitivity for foreign
tukar mata uang asing. Faktor sensitivitas exchange is defined as the total amount of
untuk nilai tukar didefinisikan sebagai jumlah exposure for each foreign exchange given unit
total eksposur untuk setiap perubahan nilai changes by 1%.
tukar mata uang asing sebesar 1%.
Peningkatan 1%/ Penurunan 1%/
1% increase 1% decrease
(IDR) (IDR)

Potensi keuntungan/(kerugian) Potential gains/(losses) on
perubahan nilai tukar 2.566 (2.566) exchange rate change

Potensi keuntungan/(kerugian) Potential gains/(losses) on
perubahan nilai tukar 878 (878) exchange rate change


ii. Risiko tingkat suku bunga ii. Interest rate risk
Risiko suku bunga adalah potensi kerugian yang Interest rate risk is the probability loss that may
timbul akibat pergerakan suku bunga di pasar occur from adverse movement in market
yang berlawanan dengan posisi atau transaksi interest rates vis--vis the Bank position or
Bank yang mengandung risiko suku bunga. transaction.
Tabel di bawah merangkum tingkat suku bunga The table below summarizes the effective
efektif per tahun untuk Rupiah dan mata uang interest rate per annum for Rupiah and foreign
asing pada tanggal-tanggal 31 Desember 2014 currencies as of 31 December 2014 and 2013:
dan 2013:
2014 2013
Mata Uang Mata Uang
Asing/ Asing/
Rupiah/ Foreign Rupiah/ Foreign
Rupiah Currencies Rupiah Currencies
% % % %
ASET ASSETS
Giro pada bank lain 0,14 0,13 0,57 0,12 Current accounts with other banks
Penempatan pada bank lain dan Placements with other banks
Bank Indonesia 7,11 0,93 6,10 1,14 and Bank Indonesia
Efek-efek 8,91 - 7,08 - Marketable securities
Pinjaman yang diberikan 15,59 5,77 15,30 5,27 Loans
Piutang pembiayaan konsumen 26,29 - 24,71 - Consumer financing receivables
Obligasi Pemerintah 7,44 - 7,40 - Government Bonds
- Giro 3,78 1,72 3,58 1,94 Current accounts -
- Tabungan 3,96 0,42 3,93 0,55 Savings -
- Deposito berjangka 9,21 2,62 8,36 2,84 Time deposits -
Simpanan dari bank lain 5,58 - 6,23 - Deposits from other banks
Efek yang dijual dengan Securities sold under
janji dibeli kembali 7,58 - 6,53 - repurchase agreements
Efek yang diterbitkan 9,04 - 8,78 - Securities issued
Pinjaman yang diterima 10,11 3,35 3,95 1,26 Borrowings


ii. Risiko tingkat suku bunga (lanjutan) ii. Interest rate risk (continued)
Bank mengelola risiko suku bunga dengan The Bank manages its interest rate risk through
menggunakan metode Earning-at-Risk (EAR) the use of Earning-at-Risk (EAR) and repricing
dan analisa gap repricing. Untuk meningkatkan gap analysis. To enhance the Banks
pengelolaan risiko tingkat suku bunga, Bank management of interest rate risk, the Bank has
telah menerapkan Economic Value of Equity implemented Economic Value of Equity (EVE).
(EVE). EVE yang memberikan pengukuran EVE which will provide insight on longer term
terhadap risiko suku bunga pada jangka waktu interest rate risk as well as the effect on the
yang lebih panjang serta memberikan estimasi value of the Banks capital.
dari dampak perubahan suku bunga terhadap
modal Bank.
Buku Trading tetap harus dikelola melalui Trading book remains to be managed through
pengukuran terhadap posisi dan juga melalui position and more risk sensitive measurements
pengukuran yang lebih sensitif terhadap risiko such as DV01 and MAT. Market risk limits are
seperti DV01 dan MAT. Limit risiko pasar established using these measures to manage
ditetapkan dengan menggunakan pengukuran ini interest rate exposures.
untuk mengelola eksposur terhadap suku bunga.
Tabel di bawah ini menyajikan portofolio Bank The table below summarizes the Banks non-
(tidak termasuk portofolio yang diperdagangkan) trading portfolios at carrying amounts,
pada nilai tercatatnya, yang dikelompokkan categorized by the earlier of contractual re-
menurut mana yang lebih awal antara tanggal pricing or contractual maturity dates:
re-pricing atau tanggal jatuh tempo kontraktual:


2014
Suku bunga mengambang/
Floating interest rate Suku bunga tetap/Fixed interest rate
Kurang dari/ Kurang dari/ Lebih dari/
Nilai tercatat/ Less than 3-12 Less than 3-12 12-24 More than
Carrying 3 bulan/ bulan/ 3 bulan/ bulan/ bulan/ 24 bulan/
amount months months months months months months
ASET ASSETS
Giro pada Bank Indonesia 10.268.357 - - 10.268.357 - - - Bank Indonesia
Giro pada bank lain 4.857.902 - - 4.857.902 - - - other banks
Penempatan pada Placements with
bank lain dan Bank other banks and
Indonesia 9.674.875 - - 8.481.638 1.193.237 - - Bank Indonesia
Efek-efek 8.888.106 - - 2.221.298 4.108.333 1.205.502 1.352.973 Marketable securities
Efek yang dibeli dengan Securities purchased
janji dijual kembali 540.541 - - 540.541 - - - under resale agreements
Pinjaman yang
diberikan 106.774.211 47.961.463 95.619 16.418.882 12.917.427 11.096.096 18.284.724 Loans
konsumen 26.418.852 - - 5.742.733 9.496.034 7.645.585 3.534.500 receivables
Investasi sewa Investment in
pembiayaan 1.916.659 - - 243.079 488.629 628.920 556.031 finance leases
Obligasi Pemerintah 5.902.230 2.918.589 - 189.505 751.742 825.432 1.216.962 Government Bonds
Aset lain-lain - neto 935.062 - - 935.062 - - - Other assets - net
Jumlah 176.176.795 50.880.052 95.619 49.898.997 28.955.402 21.401.535 24.945.190 Total
Deposits from
Simpanan nasabah (116.495.224) (33.911.489) (22.133.475) (51.643.464) (8.747.365) (57.676) (1.755) customers
Deposits from other
Simpanan dari bank lain (2.425.760) - - (2.365.793) (44.906) (15.061) - banks
janji dibeli kembali (750.000) (750.000) - - - - - repurchase agreements
Efek yang diterbitkan (11.892.930) - - (183.947) (4.851.539) (3.098.947) (3.758.497) Securities issued
Pinjaman yang diterima (14.496.842) (1.698.195) (7.127.608) (3.331.784) (1.138.973) (1.150.282) (50.000) Borrowings
Jumlah (146.060.756) (36.359.684) (29.261.083) (57.524.988) (14.782.783) (4.321.966) (3.810.252) Total
Pengaruh dari derivatif Effect of derivatives held

untuk manajemen risiko - (6.191.200) (1.283.939) 647.595 3.057.167 2.918.326 852.051 for risk management
Selisih 30.116.039 8.329.168 (30.449.403) (6.978.396) 17.229.786 19.997.895 21.986.989 Difference


2013
Suku bunga mengambang/
Floating interest rate Suku bunga tetap/Fixed interest rate
Kurang dari/ Kurang dari/ Lebih dari/
Nilai tercatat/ Less than 3-12 Less than 3-12 12-24 More than
Carrying 3 bulan/ bulan/ 3 bulan/ bulan/ bulan/ 24 bulan/
amount months months months months months months
ASET ASSETS
Giro pada Bank Current accounts with
Indonesia 9.261.322 - - 9.261.322 - - - Bank Indonesia
Giro pada bank lain 5.334.964 - - 5.334.964 - - - other banks
bank lain dan Bank other banks and
Indonesia 7.399.600 - - 7.399.600 - - - Bank Indonesia
Efek-efek 7.727.116 - - 2.044.313 3.324.226 1.077.400 1.281.177 Marketable securities
Pinjaman yang
diberikan 103.468.254 46.548.271 213.657 17.727.069 12.352.557 10.854.783 15.771.917 Loans
konsumen 27.177.831 - - 5.275.985 9.515.460 8.210.353 4.176.033 receivables
Investasi sewa Investment in
pembiayaan 1.496.861 - - 172.957 333.710 440.737 549.457 finance leases
Obligasi Pemerintah 5.471.501 2.935.220 - 37.877 1.113.826 349.793 1.034.785 Government Bonds
Aset lain-lain - neto 970.561 - - 970.561 - - - Other assets - net
Jumlah 168.308.010 49.483.491 213.657 48.224.648 26.639.779 20.933.066 22.813.369 Total
Deposits from
Simpanan nasabah (109.161.182) (32.778.569) (18.342.834) (49.171.088) (8.863.851) (3.116) (1.724) customers
Deposits from other
Simpanan dari bank lain (1.695.178) - - (1.654.877) (40.301) - - banks
janji dibeli kembali (759.245) (759.245) - - - - - repurchase agreements
Efek yang diterbitkan (12.122.024) - - (504.661) (2.793.310) (3.641.647) (5.182.406) Securities issued
Pinjaman yang diterima (16.068.471) (1.619.735) (2.676.403) (3.791.079) (5.971.800) (1.532.881) (476.573) Borrowings
Jumlah (139.806.100) (35.157.549) (21.019.237) (55.121.705) (17.669.262) (5.177.644) (5.660.703) Total
Pengaruh dari derivatif Effect of derivatives

untuk manajemen held for risk
risiko - (2.076.798) (1.198.834) 1.154.070 1.587.872 536.216 (2.526) management
Selisih 28.501.910 12.249.144 (22.004.414) (5.742.987) 10.558.389 16.291.638 17.150.140 Difference
Analisis sensitivitas Sensitivity analysis
Pengelolaan risiko tingkat suku bunga dilengkapi The interest rate risk management is
dengan analisa sensitivitas secara periodik untuk supplemented by regularly conducting
mengukur dampak dari perubahan suku bunga. sensitivity analyses on scenarios to see the
Analisis sensitivitas terhadap kenaikan atau impact of changes in interest rate. An analysis
penurunan suku bunga pasar, dengan asumsi of the Banks sensitivity to an increase or
perubahan yang simetris pada kurva imbal hasil. decrease in market interest rates, assuming no
asymmetrical movement in yield curves.
Metode yang digunakan adalah EAR dan EVE. Methods that are being used are EAR and EVE.
Pada kedua metode tersebut, analisis sensitivitas Under both of these methods, sensitivity
dilakukan dengan menaikkan dan menurunkan analysis is conducted by increasing and
suku bunga sebesar 100 bps. decreasing interest rate by 100 bps.


EAR dan EVE mengukur dampak dari volatilitas EAR and EVE incorporate the potential impact
suku bunga dan tidak terbatas pada perubahan of interest rate volatility and are not limited to 1
paralel sebesar 1 bps, sehingga memberikan bps parallel movement, which provides a better
perkiraan yang lebih baik. estimation of potential losses.
100 bps kenaikan paralel/ 100 bps penurunan paralel/
parallel increase parallel decrease
Dampak Dampak Dampak Dampak
terhadap laba terhadap terhadap laba terhadap
rugi/ ekuitas/ rugi/ ekuitas/
Effect on Effect on Effect on Effect on
profit or loss equity profit or loss equity
Sensitivitas terhadap risiko Sensitivity to interest

suku bunga rate risk
Pada tanggal 31 Desember 2014 1) As of 31 December 2014 1)

Mata uang asing 31.379 109.398 (31.379) 109.398 Foreign currencies
Rupiah (26.479) 319.267 26.479 319.267 Rupiah
Pada tanggal 31 Desember 2013 1) As of 31 December 2013 1)

Mata uang asing 35.623 110.756 (35.623) 110.756 Foreign currencies
Rupiah (41.747) 277.838 41.747 277.838 Rupiah
1) Menggunakan metode EAR dan EVE (dalam jutaan Rupiah) 1) Using EAR and EVE method (in million Rupiah)
d. Risiko likuiditas d. Liquidity risk
Risiko likuiditas adalah risiko yang disebabkan oleh Liquidity risk is the risk caused by the inability of the
ketidakmampuan Bank dalam memenuhi kewajiban Bank to meet its obligations at due date and unwind
yang telah jatuh tempo dan menutup posisi di pasar. position created from market. Liquidity risk is an
Risiko likuiditas merupakan risiko yang terpenting important risk for commercial bank and as such
pada bank umum dan perlu dikelola secara needs to be managed on an on-going basis.
berkesinambungan.
Tujuan dari manajemen risiko likuiditas adalah untuk The objective of liquidity risk management is to
memastikan bahwa setiap kebutuhan dana di saat ini, ensure that current and future fund requirements can
maupun di masa datang baik untuk kondisi normal be met both in normal or stress condition.
maupun kondisi stres dapat dipenuhi.
Komite Aset dan Liabilitas (ALCO) berperan sebagai The Asset and Liability Committee (ALCO) acts as
forum manajemen senior tertinggi untuk memonitor the apex body entrusted to monitor liquidity situation
situasi likuiditas Bank. ALCO bertanggungjawab untuk of the Bank. ALCO is in charge of determining the
menentukan kebijakan dan strategi yang berkaitan policy and strategy of the Banks asset and liabilities
dengan aset dan liabilitas Bank sejalan dengan prinsip in line with the principles of prudent risk management
kehati-hatian manajemen risiko dan peraturan yang and applicable regulatory requirements. ALCO
berlaku. ALCO menyetujui kerangka limit, approves the limit framework, deliberates on the
mempertimbangkan posisi struktural neraca jangka long-term structural balance sheet positioning of the
panjang Bank, serta asumsi yang digunakan untuk Bank, as well as assumption used in the risk
pengukuran risiko. Hal ini juga akan ditinjau dan measurement. These are subject to RMC review and
didukung oleh RMC. endorsement.


d. Risiko likuiditas (lanjutan) d. Liquidity risk (continued)
Bank mengelola risiko likuiditas melalui analisis The Bank manages liquidity risk through liquidity gap
perbedaan jatuh tempo likuiditas dan rasio-rasio analysis and liquidity ratios. Liquidity risk is measured
likuiditas. Risiko likuiditas diukur dan dipantau secara and monitored on a daily basis based on liquidity risk
harian berdasarkan kerangka kerja limit risiko limit framework. Liquidity gap analysis provides
likuiditas. Analisis kesenjangan likuiditas memberikan insight as to the mismatch of expected cash inflows
pandangan terhadap ketidaksesuaian arus kas masuk vis--vis outflows on any given day. This is centrally
dengan arus kas keluar pada waktu tertentu. Kondisi managed within Treasury which has direct and
ini dikelola secara terpusat oleh Tresuri yang authorized access to interbank, wholesale, and other
mempunyai akses dan otorisasi secara langsung ke professional markets, to supplement core banking
interbank market, nasabah besar (institusional) dan activities such as lending and deposit taking.
professional market yang lainnya, dalam upaya
membantu aktivitas utama bisnis Bank di
pengumpulan dana dan pemberian kredit.
Eksposur terhadap risiko likuiditas Exposure to liquidity risk
Untuk melengkapi kerangka kerja, risiko likuiditas To complete the framework, liquidity risk is measured
diukur dan dikelola pada kondisi normal (business-as- and controlled under both normal and stress
usual) dan kejadian kondisi stress. Sehingga, scenarios. Thus, the Maximum Cumulative Outflow
Maximum Cummulative Outflow (MCO) juga (MCO) is estimated also under abnormal market
diperkirakan pada situasi tidak normal, dengan condition, such that the Liquidity Contingency Plan
demikian rencana pendanaan darurat likuiditas (LCP) (LCP) is in place in case of liquidity crisis.
telah disusun untuk mempersiapkan Bank jika terjadi
krisis likuiditas.
Pada tanggal-tanggal 31 Desember 2014 dan 2013, As of 31 December 2014 and 2013, the ratio of net
rasio dari aset likuid neto terhadap simpanan nasabah liquid assets to deposits from customers are as
adalah sebagai berikut: follows:
2014 2013
Kas dan setara kas 25.356.800 24.518.596 Cash and cash equivalents
Efek-efek dan Obligasi Pemerintah Trading marketable securities and
diperdagangkan, tidak Government Bonds, excluding
termasuk SBI yang sudah Certificates of Bank Indonesia
diklasifikasikan sebagai kas classified as cash and
dan setara kas 702.774 126.788 cash equivalents
Efek-efek dan Obligasi Pemerintah Available-for-sale marketable
tersedia untuk dijual, securities and Government
tidak termasuk SBI Bonds, excluding Certificates
yang sudah diklasifikasikan of Bank Indonesia classified as
sebagai kas dan setara kas 14.522.435 12.818.920 cash and cash equivalents
Simpanan dari bank lain (2.425.760) (1.695.178) Deposits from other banks
Jumlah aset likuid neto 38.156.249 35.769.126 Total net liquid assets
Simpanan dari nasabah 116.495.224 109.161.182 Deposits from customers
Rasio aset likuid neto terhadap Ratio of net liquid assets to

simpanan dari nasabah 33% 33% deposits from customers


Sisa jatuh tempo kontraktual dari liabilitas Residual contractual maturities of liabilities
Tabel di bawah ini menyajikan ekspektasi arus kas The table below shows the expected cash flows on
dari liabilitas keuangan Bank berdasarkan tahun jatuh the Banks financial liabilities on the basis of their
tempo kontraktual yang terdekat dan asumsi perilaku earliest possible contractual maturity and behavioral
(behavioral assumptions) pada tanggal laporan posisi assumptions as of the statement of financial position
keuangan. date.
Nilai nominal arus masuk/arus keluar yang disajikan The nominal inflow/outflow disclosed in the following
pada tabel di bawah ini merupakan arus kas table represents the contractual undiscounted cash
kontraktual yang tidak didiskontokan terkait dengan flows relating to the principal and interest on the
pokok dan bunga atas liabilitas keuangan. financial liability. The disclosure for derivatives shows
Pengungkapan instrumen derivatif menunjukkan nilai a net amount for derivatives that are net settled, and
neto derivatif yang dapat diselesaikan secara neto, a gross inflow and outflow amount for derivatives that
juga arus masuk dan arus keluar bruto untuk derivatif have simultaneous gross settlement (e.g. currency
yang diselesaikan bruto secara bersamaan (misalnya forward).
kontrak berjangka valuta asing).
2014
Kurang dari
1 tahun/
Less than 1 year 1 - 5 tahun/ years >5 tahun/ years Jumlah/ Total
Liabilitas non derivatif: Non-derivative

liabilities:
Simpanan dari nasabah 117.176.955 - - 117.176.955 Deposits from customers
Deposits from other
Simpanan dari bank lain 2.425.760 - - 2.425.760 banks
janji dibeli kembali 778.738 - - 778.738 repurchase agreements
Utang akseptasi 7.554.464 - - 7.554.464 Acceptances payable
Efek yang diterbitkan 5.844.071 7.758.414 - 13.602.485 Securities issued
Pinjaman yang diterima 8.576.844 6.590.647 - 15.167.491 Borrowing
Liabilitas lain-lain 2.934.469 - - 2.934.469 Other liabilities
145.291.301 14.349.061 - 159.640.362

Derivatif: Derivatives:
Arus keluar (11.981.018) (4.414.368) - (16.395.386) Outflow
Arus masuk 11.938.984 4.833.060 - 16.772.044 Inflow
(42.034) 418.692 - 376.658
145.249.267 14.767.753 - 160.017.020


Sisa jatuh tempo kontraktual dari liabilitas Residual contractual maturities of financial
keuangan (lanjutan) liabilities (continued)
2013
Kurang dari
1 tahun/
Less than 1 year 1 - 5 tahun/years > 5 tahun/years Jumlah/Total
Liabilitas non derivatif: Non-derivative liabilities:

Simpanan dari nasabah 109.492.219 - - 109.492.219 Deposits from customers
Deposits from other
Simpanan dari bank lain 1.695.178 - - 1.695.178 banks
Securities sold
Efek yang dijual dengan under repurchase
janji dibeli kembali 57.988 785.023 - 843.011 agreements
Utang akseptasi 4.103.382 - - 4.103.382 Acceptances payable
Efek yang diterbitkan 4.402.887 10.211.407 - 14.614.294 Securities issued
Pinjaman yang diterima 12.590.015 3.984.644 - 16.574.659 Borrowing
Liabilitas lain-lain 2.967.939 - - 2.967.939 Other liabilities
135.309.608 14.981.074 - 150.290.682

Derivatif: Derivatives:
Arus keluar (12.861.343) (1.695.112) - (14.556.455) Outflow
Arus masuk 13.224.957 1.718.469 - 14.943.426 Inflow
363.614 23.357 - 386.971
135.673.222 15.004.431 - 150.677.653
Analisis perbedaan jatuh tempo aset dan liabilitas Maturity gap analysis of assets and liabilities
Tabel dibawah ini menyajikan analisa jatuh tempo The table below shows the analysis of maturities of
aset dan liabilitas Bank dan Entitas Anak pada assets and liabilities of the Bank and Subsidiaries as
tanggal-tanggal 31 Desember 2014 dan 2013, of 31 December 2014 and 2013, based on remaining
berdasarkan jangka waktu yang tersisa sampai terms to contractual maturity date and behavioral
tanggal jatuh tempo kontrak dan asumsi perilaku assumptions:
(behavioral assumptions):


2014
Tidak
mempunyai
tanggal jatuh
tempo Lebih dari/
Nilai tercatat/ kontraktual/ Kurang dari/ 1-3 3-6 6 - 12 More than
Carrying No contractual Less than bulan/ bulan/ bulan/ 12 bulan/
amount maturity 1 bulan/month months months months months
ASET ASSETS
Kas 2.856.242 - 2.856.242 - - - - Cash
Giro pada Current accounts with
Bank Indonesia 10.268.357 - 10.268.357 - - - - Bank Indonesia
Giro pada bank Current accounts with
lain 4.860.602 - 4.860.602 - - - - other banks
bank lain dan Bank other banks and Bank
Indonesia 9.679.838 - 6.743.976 1.742.625 446.075 747.162 - Indonesia
Efek-efek: Marketable securities:
Tersedia untuk dijual 8.620.202 87.405 159.842 1.865.890 1.516.639 2.541.949 2.448.477 Available-for-sale
Dimiliki hingga jatuh tempo 289.346 - 39.153 90.451 30.738 19.000 110.004 Held-to-maturity
Efek yang dibeli dengan Securities purchased under
janji dijual kembali 540.541 - 364.685 175.856 - - - resale agreements
Tagihan derivatif 461.291 - 17.436 36.666 846 20.981 385.362 Derivative receivables
Pinjaman yang
diberikan 109.575.129 - 10.392.398 15.225.465 13.135.685 14.421.039 56.400.542 Loans
konsumen 27.536.299 - 2.365.733 3.637.847 3.693.142 6.215.162 11.624.415 receivables
pembiayaan 1.945.602 - 90.542 157.708 164.380 331.145 1.201.827 leases
Piutang premi 366.554 - 166.787 169.913 11.573 18.281 - Premium receivables
Aset reasuransi 670.216 - 523.497 26.758 39.987 79.974 - Reinsurance assets
Tagihan akseptasi 7.567.043 - 897.575 3.041.370 2.389.603 1.238.495 - Acceptances receivable
Obligasi Pemerintah: Government Bonds:
Diperdagangkan 702.774 - - - 295.352 265.002 142.420 Trading
Tersedia untuk dijual 5.902.233 - 99.965 89.539 2.597.543 1.072.789 2.042.397 Available-for-sale
Pajak dibayar dimuka 120.823 120.823 - - - - - Prepaid taxes
Investasi dalam saham 157.579 157.579 - - - - - Investments in shares
Aset takberwujud - neto 1.367.244 1.367.244 - - - - - Intangible assets - net
Aset tetap - neto 2.489.860 2.489.860 - - - - - Fixed assets - net
Aset pajak tangguhan - neto 1.180.673 1.180.673 - - - - - Deferred tax assets - net
Beban dibayar dimuka dan Prepayments and
aset lain-lain 2.551.173 71.458 201.860 72.018 67.415 67.122 2.071.300 other assets
Jumlah 199.709.621 5.475.042 40.048.650 26.332.106 24.388.978 27.038.101 76.426.744 Total
Dikurangi: Less:
Penyisihan kerugian Allowance for
penurunan nilai (4.001.028) (4.001.028) - - - - - impairment losses
195.708.593 1.474.014 40.048.650 26.332.106 24.388.978 27.038.101 76.426.744

Simpanan nasabah 116.495.224 - 16.083.620 13.042.361 10.901.904 16.730.743 59.736.596 Deposits from customers
Simpanan dari bank lain 2.425.760 - 2.361.582 4.210 18.790 26.117 15.061 Deposits from other banks
janji dibeli kembali 750.000 - - - 750.000 - - repurchase agreements
Pendapatan premi
tangguhan 1.235.633 - 205.136 103.604 158.679 342.947 425.267 Deferred premium income
Premi yang belum Unearned premium
merupakan pendapatan 976.255 - 89.003 86.237 267.005 534.010 - reserve
Utang akseptasi 7.554.464 - 891.418 3.037.678 2.386.868 1.238.500 - Acceptances payable
Efek yang diterbitkan 11.892.930 - - 183.946 2.670.709 2.180.831 6.857.444 Securities issued
Pinjaman yang diterima 14.496.842 - 1.403.281 2.819.258 1.313.393 2.648.128 6.312.782 Borrowings
Utang pajak 183.635 183.635 - - - - - Taxes payable
Liabilitas derivatif 129.261 - 64.834 4.751 4.037 8.028 47.611 Derivative liabilities
Liabilitas pajak Deferred
tangguhan - neto 154.939 154.939 - - - - - tax liabilities - net
Beban yang masih harus
dibayar dan liabilitas Accruals and other
lain-lain 6.396.126 1.141.439 1.488.853 648.339 116.876 17.578 2.983.041 liabilities
162.691.069 1.480.013 22.587.727 19.930.384 18.588.261 23.726.882 76.377.802
Selisih 33.017.524 (5.999) 17.460.923 6.401.722 5.800.717 3.311.219 48.942 Difference


2013
Tidak
mempunyai
tanggal jatuh
tempo Lebih dari/
Nilai tercatat/ kontraktual/ Kurang dari/ 1-3 3-6 6 - 12 More than
Carrying No contractual Less than bulan/ bulan/ bulan/ 12 bulan/
amount maturity 1 bulan/month months months months months
ASET ASSETS
Kas 2.943.909 - 2.943.909 - - - - Cash
Giro pada Current accounts with
Bank Indonesia 9.261.322 - 9.261.322 - - - - Bank Indonesia
lain 5.337.981 - 5.337.981 - - - - other banks
bank lain dan Bank other banks and Bank
Indonesia 7.401.552 - 6.564.102 542.350 122.800 142.300 30.000 Indonesia
Efek-efek: Marketable securities:
Tersedia untuk dijual 7.347.419 - 1.236.186 628.887 992.903 2.831.670 1.657.773 Available-for-sale
Dimiliki hingga jatuh tempo 400.819 - 124.348 84.138 - 38.333 154.000 Held-to-maturity
Tagihan derivatif 1.174.517 - 159.415 334.270 293.453 170.466 216.913 Derivative receivables
Pinjaman yang
diberikan 105.780.641 - 12.705.087 16.746.190 9.996.030 13.866.590 52.466.744 Loans
konsumen 28.091.602 - 1.964.820 3.501.395 3.606.653 6.241.534 12.777.200 receivables
pembiayaan 1.511.041 - 70.941 107.223 112.632 223.363 996.882 leases
Piutang premi 118.268 - 61.691 40.758 10.627 4.292 900 Premium receivables
Aset reasuransi 568.311 - 428.073 18.962 39.101 82.175 - Reinsurance assets
Tagihan akseptasi 4.107.561 - 66.610 4.040.951 - - - Acceptances receivable
Obligasi Pemerintah: Government Bonds:
Diperdagangkan 126.788 - - - - 2.733 124.055 Trading
Tersedia untuk dijual 5.471.501 - - 37.877 133.534 980.293 4.319.797 Available-for-sale
Pajak dibayar dimuka 92.476 92.476 - - - - - Prepaid taxes
Investasi dalam saham 12.175 12.175 - - - - - Investments in shares
Aset takberwujud - neto 1.378.426 1.378.426 - - - - - Intangible assets - net
Aset tetap - neto 2.383.993 2.383.993 - - - - - Fixed assets - net
Aset pajak tangguhan - neto 1.022.111 1.022.111 - - - - - Deferred tax assets - net
Beban dibayar dimuka dan Prepayments and
aset lain-lain 3.014.466 - 127.436 49.064 68.114 74.040 2.695.812 other assets
Jumlah 187.546.879 4.889.181 41.051.921 26.132.065 15.375.847 24.657.789 75.440.076 Total
Dikurangi: Less:
Penyisihan kerugian Allowance for
penurunan nilai (3.309.531) (3.309.531) - - - - - impairment losses
184.237.348 1.579.650 41.051.921 26.132.065 15.375.847 24.657.789 75.440.076

Simpanan nasabah 109.161.182 - 16.054.169 10.942.200 10.635.803 17.239.380 54.289.630 Deposits from customers
Simpanan dari bank lain 1.695.178 - 1.638.462 16.415 13.438 26.863 - Deposits from other banks
janji dibeli kembali 759.245 - 9.245 - - - 750.000 repurchase agreements
Pendapatan premi
tangguhan 1.004.137 - 48.435 95.420 156.335 337.831 366.116 Deferred premium income
Premi yang belum Unearned premium
merupakan pendapatan 940.109 - 78.342 156.685 235.027 470.055 - reserve
Utang akseptasi 4.103.382 - 61.581 4.041.801 - - - Acceptances payable
Efek yang diterbitkan 12.122.024 - - 504.661 762.627 2.016.183 8.838.553 Securities issued
Pinjaman yang diterima 16.068.471 - 2.999.788 4.611.728 3.387.523 1.601.725 3.467.707 Borrowings
Utang pajak 234.131 234.131 - - - - - Taxes payable
Liabilitas derivatif 458.850 - 15.106 243 151.299 158.003 134.199 Derivative liabilities
Liabilitas pajak Deferred
tangguhan - neto 347.424 347.424 - - - - - tax liabilities - net
Beban yang masih harus
dibayar dan liabilitas Accruals and other
lain-lain 5.790.232 275.388 1.727.400 561.448 101.646 187.532 2.936.818 liabilities
152.684.365 856.943 22.632.528 20.930.601 15.443.698 22.037.572 70.783.023
Selisih 31.552.983 722.707 18.419.393 5.201.464 (67.851) 2.620.217 4.657.053 Difference


e. Risiko operasional e. Operational risk
Risiko Operasional adalah risiko kerugian yang timbul Operational risk is defined as the risk of loss resulting
dari tidak memadainya atau kegagalan proses internal, from inadequate or failed internal processes, people
manusia, dan sistem atau dari kejadian eksternal yang and system or from external events, which impact to
berdampak pada kegiatan operasional Bank. the operations of the Bank.
Dalam menentukan cakupan kebijakan Manajemen For the purpose of defining the coverage of this
Risiko Operasional, definisi Risiko Operasional terkait Operational Risk Management Policy, the related
telah diatur pada Peraturan Bank Indonesia (PBI Operational Risk definition stipulated in Bank
No.05/PBI/8/2003) beserta perubahannya (PBI Indonesia regulation (PBI No.05/PBI/8/2003) and the
No.11/25/PBI/2009), dimana Risiko Hukum, Risiko alteration (PBI No. 11/25/PBI/2009) is used in which
Bisnis, Risiko Strategik, dan Reputasi tidak termasuk Legal risk would be excluded and categorized as
dalam Risiko Operasional. Other Risks together with Business, Strategic, &
Reputation Risks.
Kebijakan Manajemen Risiko Operasional secara Bank wide Operational Risk Management Policy is
bankwide digunakan sebagai acuan utama bagi used as a main reference for all line of businesses,
semua Lini Bisnis, Fungsi Support dan Entitas Anak support functions and subsidiaries in managing their
dalam mengelola risiko operasional. operational risk.
Risiko operasional melekat dalam semua aktivitas This type of risk is inherent in all business and
bisnis dan operasional Bank baik baru maupun operational activities, new and changes. The changes
perubahannya. Perubahan ini termasuk, antara lain, include changes in internal organization, new product
perubahan organisasi internal, produk baru atau or services, technology, process, people or regulation.
penawaran layanan, teknologi, proses, manusia atau
peraturan.
Tujuan Bank dalam mengelola risiko operasional The Banks objective in managing operational risk is to
adalah untuk mencegah atau meminimalisasi dampak prevent or minimize the impact of the failure
kegagalan/ ketidakcukupan proses internal, manusia, of/inadequate internal process, people, systems or
sistem atau kejadian-kejadian eksternal yang dapat from external events, which could have impact the
mengakibatkan dampak kerugian keuangan dan financial losses, and damage the Banks reputation.
merusak reputasi Bank.
Pendekatan Bank terhadap manajemen risiko The Banks approach to Operational Risk
operasional adalah menentukan strategi mitigasi guna management is to define the best mitigation strategy
memperoleh keseimbangan yang optimal antara to get optimum balance between operational risk
paparan risiko operasional, efektifitas mekanisme exposure, effectiveness of control mechanism, and
kontrol, dan pembuatan risk appetite sebagai salah creating risk appetite as a bank strategy by a
satu strategi bank dengan melakukan implementasi consistent implementation of a comprehensive
yang konsisten atas kerangka kerja Manajemen Risiko Operational Risk Management (ORM).
Operasional (ORM).
Komponen utama dari Kerangka Kerja Pengelolaan Major components of Operational Risk Management
Risiko Operasional yang dijalankan secara Framework which are being consistently applied are:
berkesinambungan antara lain:
1. Tiga lini pertahanan 1. Three lines of defense
Semua pihak di Bank dan Entitas Anak All parties in the Bank and Subsidiaries are
menjalankan penugasan terkait dengan perannya designated for their respective roles in the
masing-masing dalam pengelolaan risiko management of operational risk.
operasional.


e. Risiko operasional (lanjutan) e. Operational risk (continued)
1. Tiga lini pertahanan (lanjutan) 1. Three lines of defense (continued)
Dalam pelaksanaan kerangka kerja ORM, In implementing ORM framework, there is a

diterapkan konsep Tiga Lini Pertahanan dengan concept called Three Lines of Defense with the
penjelasan sebagai berikut: explanation as follows:
Unit bisnis dan fungsi support sebagai pemilik dari Business unit and supporting unit as the owner of
proses pengelolaan risiko dan fungsi risk management process and Internal Control
Pengendalian Internal yang ada pada setiap Risk functions in each Risk Taking Units act as the first
Taking Unit (RTU) berperan sebagai lini line of defense in day-to-day execution /
pertahanan lapis pertama dalam penegakan implementation of operational risk management.
pengelolaan risiko operasional sehari-hari. Mereka They are responsible to identify, manage,
bertanggungjawab dalam mengidentifikasi, mitigate, and report on Operational Risk.
mengelola, memitigasi, dan melaporkan Risiko
Operasional.
Divisi ORM bersama-sama dengan Divisi ORM Division together with Compliance and
Compliance dan Legal berperan sebagai Legal Division act as the second line of defense
pertahanan lapis kedua yang bertanggungjawab which responsible for overseeing operational risk
dalam pengawasan pengelolaan risiko operasional management in the Bank.
di Bank.
Sedangkan Auditor Internal (SKAI) secara Meanwhile, the Internal Auditors (SKAI) are
independen berperan sebagai pertahanan lapis independently doing the role as the third line of
ketiga yang bertanggungjawab untuk defense to identify any weaknesses that has
mengidentifikasi kelemahan yang ditemukan been found in operational risk management and
dalam pengelolaan risiko operasional dan menilai assess implementation of operational risk
pelaksanaan kerangka manajemen risiko management in line with governance.
operasional telah berjalan sesuai dengan
ketentuan.
Direksi seperti halnya Dewan Komisaris The Board of Directors of the Bank as well as the
bertanggung-jawab untuk mengawasi efektivitas Board of Commissioners are responsible to
dari kerangka-kerja pengelolaan risiko operasional oversee the effectiveness of the overall
secara menyeluruh serta pelaksanaannya. operational risk management framework as well
as its execution.
ORM di lini bisnis/Fungsi Support membantu Divisi The Bank has established ORM at line of
ORM dalam memastikan penerapan kerangka business/Support Function to help ORM Division
kerja manajemen risiko operasional di setiap unit in ensuring that operational risk management
kerja telah berjalan dengan baik. Unit kerja ORM framework has been well implemented in every
berfungsi dalam perancangan, pendefinisian, working unit. ORM unit function is responsible to
pengembangan,dan pemeliharaan kerangka kerja design, interpret, develop, and maintaining the
risiko operasional secara keseluruhan, memantau overall operational risk management framework,
penerapan kerangka kerja oleh RTU, memastikan monitor the RTUs adherence to the framework,
kecukupan kontrol atas kebijakan dan prosedur, ensure the control adequacy of policies and
serta berperan sebagai koordinator/fasilitator atas procedures, and act as the coordinator/facilitator
aktivitas pengelolaan risiko operasional yang of the overall operational risk management
efektif. activities to ensure its effectiveness.
Bank juga melakukan penerapan yang ketat atas The Bank also performs strict implementation of
prinsip empat mata (pemisahan tugas dan dual four eyes principle (segregation of duties and dual
control/dual custody) untuk semua proses control / dual custody) for all processes especially
terutama proses yang kritikal. for critical processes.


2. Proses pengelolaan risiko operasional 2. Operational risk management process
Pelaksanaan kerangka kerja ORM di Bank dan Practices of ORM Framework in the Bank and
Entitas Anak dilakukan dalam proses ORM yang Subsidiaries are being conducted through an
terpadu dan terdiri dari proses identifikasi, integrated ORM process which consists of
penilaian/pengukuran, pemantauan serta risk identification, assessment/measurement,
pengendalian /mitigasi risiko. monitoring and controlling/mitigating.
Proses ini mencakup: The process involves:
(1) Identifikasi risiko yang digunakan untuk (1) Identification of risk is used to identify and
mengidentifikasi dan menganalisa risiko analyze inherent risk in new and changes
melekat pada produk, jasa, sistem dan product, service and process. Also, ensure
proses baru maupun perubahannya. Serta the preventive control adequacy over all the
memastikan adanya kecukupan kontrol process.
preventif atas seluruh proses yang
dijalankan.
(2) Pengukuran risiko di tingkat unit operasional (2) Risk measurement at operating unit level
didukung dengan perangkat Risk/Loss supported by Risk/Loss event, Risk Control
Event, Risk Control Self Assessment Self Assessment (RCSA), Key Risk Indicator
(RCSA), Key Risk Indicator (KRI), dan (KRI) and Capital Charge Calculation &
Capital Charge Calculation & Modelling Modeling to know the banks risk profile so it
untuk mengetahui profil risiko bank secara can be used to know the effectiveness of
kuantitatif sehingga dapat digunakan untuk operational risk management.
mengetahui efektifitas penerapan
manajemen risiko operasional.
(3) Pemantauan risiko operasional melalui (3) Operational risk monitoring through regular
penyusunan laporan secara berkala ke reports to management to identify issues
manajemen untuk mengidentifikasi masalah related to weakness or failure of controls
yang muncul terkait dengan adanya functions. The establishment of Operational
kelemahan atau kegagalan di dalam Risk Management Committee is designed as
penerapan fungsi kontrol. Pembentukan a forum to discuss significant operational risk
Komite Manajemen Resiko Operasional issues and to monitor the implementation of
sebagai forum khusus untuk membahas ORM. Through ORMC, BoD can be
masalah-masalah terkait risiko operasional informed the operational risk issues, and
yang signifikan, dan untuk memonitor immediate action can be conducted.
pelaksanaan kerangka kerja ORM. Melalui
ORMC, BOD dapat diinformasikan issue
terkait risiko operasional dan tindak lanjut
secara cepat dapat dilakukan.
(4) Pengendalian risiko dilakukan diantaranya (4) Risk controlling is conducted among others
dengan memastikan bahwa manajemen through ensuring the availability of
risiko operasional telah dikelola secara tepat operational policy and procedure, ensuring
dan tidak melebihi limit risiko yang telah control adequacy in every operational activity
ditetapkan. in related working unit.


2. Proses pengelolaan risiko operasional (lanjutan) 2. Operational risk management process

(continued)
Penerapan manajemen asuransi yang Bankwide coordination over insurance practice

terkoordinasi secara bankwide merupakan salah as one of major operational risk mitigations
satu mitigasi utama dari risiko operasional ensures an optimum coverage of the policies to
memastikan tercapainya cakupan polis asuransi the risk exposure. The Banks comprehensive
yang optimum terhadap paparan risiko. Polis financial & assets insurance coverage are
asuransi aset dan finansial Bank secara ranging from Money Insurance, Property All
komprehensif terdiri dari Money Insurance, Risk, Bankers Blanket Bonds/Electronic
Property All Risk, Bankers Blanket Computer Crime, Directors & Officers, and
Bonds/Electronic Computer Crime, Directors & Electronic Equipment Insurance.
Officers, dan Electronic Equipment Insurance.
3. Sarana pendukung 3. Supporting infrastructure
Implementasi dari proses pengelolaan risiko The implementation of the comprehensive

operasional secara menyeluruh harus didukung ORM process must be supported by information
dengan teknologi informasi yaitu ORMS technology called ORMS (Operational Risk
(Operational Risk Management System). ORMS Management System). ORMS is a database for
adalah database untuk seluruh perangkat kerja integrated Operational Risk Management Tools
Operational Risk Management (ORM) secara consist of Risk Event, RCSA, and KRI which
terintegrasi terdiri dari Risk/Loss Event, RCSA, can provide feedback in the form of analysis
dan KRI serta dapat memberikan feedback and reporting that can be used to capture
dalam bentuk analisa dan laporan yang dapat operational risk profile comprehensively in the
digunakan untuk melihat profil risiko operasional Bank and Subsidiaries.
yang menyeluruh pada Bank dan Anak
Perusahaan.
Selain itu, ORM juga mempunyai sarana Besides that, ORM has supporting infrastructure
pendukung yang telah dikembangkan untuk that has been developed to increase awareness
meningkatkan kesadaran akan pentingnya risiko on the importance of operational risk, that is
operasional, yaitu E-Learning. E-Learning ini E-Learning. It has been and is implemented in
telah dan sedang dilaksanakan di seluruh jajaran all employee and management of Bank and
manajemen dan karyawan Bank serta Entitas Subsidiaries.
Anak.
4. Perhitungan Beban Modal Risiko Operasional 4. Operational Risk Capital Charges Calculation
Bank telah melakukan perhitungan beban modal The Bank has performed the capital charges
untuk risiko operasional dengan menggunakan calculation for operational risk by using Basic
Pendekatan Indikator Dasar sejak Januari 2010. Indicator Approach since January 2010 as per
Bank Indonesia timeline.


5. Business Continuity Management 5. Business Continuity Management
BCM adalah proses manajemen (protokol) BCM is an holistic management process to

terpadu dan menyeluruh untuk memastikan ensure the operational continuity of the bank in
kelangsungan operasional Bank dalam managing its business and serve customer
menjalankan bisnis dan melayani nasabah (Appendix of BI Circular Letter No. 13/23/DPNP
(Lampiran SE BI No. 13/23/DPNP tanggal dated 25 October 2012).
25 Oktober 2012).
Tujuan utama dari pengelolaan BCM adalah Main objective of BCM is to provide provides a
untuk menyediakan kerangka kerja BCM guna framework for building resilience and the
membangun ketahanan dan kemampuan untuk capacity for an effective response that
respon yang efektif dalam melindungi safeguard the interests of its key stakeholder
kepentingan para stakeholders dan reputasi and reputation in the event of crisis/ disruption
terhadap krisis / gangguan yang mungkin terjadi. that might be fall.
Sebagai bagian yang tidak terpisahkan dari As an integral part of Banks ORM framework,
kerangka kerja ORM, penerapan BCM yang the implementation of effective BCM is
efektif merupakan suatu keharusan dalam mandatory for the Bank to anticipate all risks
mengantisipasi risiko yang timbul terkait kondisi that might arises from the major incident with
ekstrim yang berdampak besar (catastrophic high impact (catastrophic event). Management
event). Pengelolaan dan penerapan BCM pada and implementation of BCM in the Bank is not
Bank tidak hanya terfokus pada penangan only focused on handling disturbance like a
gangguan seperti bencana alam saja, namun natural disaster, but also focuses and covers the
juga terfokus dan mencakup pada gangguan disorders that might threaten the strategic plan
yang dapat mengancam rencana strategis of companys operations such as crisis or
operasional perusahaan seperti krisis atau disruption that might hit the Bank due to the
gangguan yang menimpa Bank baik karena disturbance or without disturbance to the
adanya gangguan terhadap operasional bisnis business operational, liquidity issue, negative
maupun tidak, isu negatif tentang likuiditas, coverage to the Bank, system trouble, fire, etc.
pemberitaan negatif tentang Bank, gangguan
sistem, kebakaran, dsb.
Sesuai dengan tujuan tersebut di atas, Bank In accordance to the above reason, the Bank
akan: will continue to:
Mempertahankan sertifikasi ISO22301:2012 Maintaining the certification of ISO

- Business Continuity Management System 22301:2012-Business Continuity
yang telah diperoleh di tahun 2013 dengan Management System which is already
melaksanakan audit pemeliharaan (oleh possessed in 2013 by having
auditor ISO dari BSI) pada 21-24 April 2014 surveillance audit visit (conducted by ISO
dengan hasil bagus tanpa adanya auditor from BSI) on 21-24 April 2014
ketidaksesuaian yang ditemukan. Audit with good result without non-conformity
pemeliharaan ini akan dilakukan juga pada finding. This surveillance audit will also
2015. be conducted in 2015.
Terus meningkatkan cakupan BCM Expand the scope of BCM (framework

(kerangka kerja dan penerapannya) serta and the implementation) as well as the
rencana pengembangannya ke semua lini development plan to all lines of business
bisnis Bank dan Entitas Anak dengan of the Bank and Subsidiaries by
meningkatkan kesadaran dan pengetahuan improving BCM awareness and
akan BCM dari semua staff dengan knowledge from all staff through internal
memberikan pelatihan internal, sosialisasi ke training, socialization to region, workshop
regional, loka karya dan email blast. and email blast.


5. Business Continuity Management (lanjutan) 5. Business Continuity Management (continued)
Memastikan kapasitas dari BCM plan dengan Ensure BCM plan capacity by doing
melakukan pengujian, pengkinian dan exercising, maintaining and reviewing
peninjauan secara berkala terhadap prosedur periodically to the existing strategy and
dan strategi yang telah dibuat. procedures.
Terus menurunkan tingkat kesenjangan Continue reducing the gap by performing

dengan melakukan perbandingan BCM BCM comparison to other incorporated
terhadap industri-industri lainnya dengan industries and be one of the founders of
tergabung dan sebagai salah satu pendiri dari BCM Forum Indonesia (already conducted
BCM Forum Indonesia (sudah terlaksana 8 BCM Forum from 2009 to 2014).
8 BCM Forum dari tahun 2009 hingga tahun
2014).
Melakukan peningkatan kompetensi dari Improving the competence of employee

karyawan yang mengelola BCM secara who is managing national BCM (BCM in
nasional (BCM Kantor Pusat) dengan Headquarter) with certification of
sertifikasi kompetensi profesi BCM, dimana professional competence in BCM, where
telah terdapat dua karyawan yang telah there are two employees who have been
bersertifikat secara internasional di bidang certified internationally in the field of BCM.
BCM.
6. Fokus terhadap Fraud dan Quality Assurance 6. Focus on Fraud and Quality Assurance
Pengelolaan Fraud Fraud Management
Dengan tujuan untuk mengantisipasi risiko With the objective to anticipate operational risks
operasional yang mungkin terjadi akibat tindakan which might arise caused by fraudulent activities
Fraud yang dilakukan baik oleh karyawan internal committed by internal employee or external
bank ataupun oleh pihak eksternal, Bank telah parties, Bank issued internal policy of the Bank
membuat kerangka kerja strategi anti fraud yang with title "Fraud Management Policy &
tertuang dalam Fraud Management Framework" that is applied nationally. This
Policy&Framework yang sudah diberlakukan framework and strategy in line with Bank
secara nasional. Indonesia Circular Letter No. 13/28/DPNP on
the Implementation of Anti-Fraud Strategy for
Commercial Banks.
Kerangka kerja dan strategi ini sejalan dengan In implementing the policy, the Bank conducts
Surat Edaran Bank Indonesia No. 13/28/DPNP many efforts continually to increase the
mengenai Penerapan Strategi Anti Fraud Bagi effectiveness of internal control, as an effort to
Bank Umum. Dalam mengimplementasikan minimize the risks of fraud by implementing the
Kebijakan tersebut, Bank melakukan berbagai Bank's management responsibilities by active
upaya secara terus menerus untuk melakukan monitoring, culture development and awareness
peningkatan efektifitas pengendalian internal, of anti fraud for the whole level in the Banks
sebagai upaya meminimalkan risiko Fraud dengan organization.
melakukan pengawasan aktif manajemen,
pengembangan budaya dan kepedulian Anti
Fraud kepada seluruh jenjang organisasi di Bank.


Implementasi strategi Anti Fraud yang dilakukan Implementation of anti-fraud strategy undertaken
Bank dalam bentuk sistem pengendalian Fraud in the form of the Bank fraud control system is
dijabarkan melalui 4 (empat) pilar strategi described into 4 (four) pillars of correlated fraud
pengendalian Fraud yang saling berkaitan yaitu: control strategies which are: (i) prevention; (ii)
(i) pencegahan; (ii) deteksi; (iii) investigasi, detection; (iii) investigation, reporting, and
pelaporan, dan sanksi; (iv) serta monitoring, sanctions; (iv) and monitoring, evaluation, and
evaluasi, dan tindak lanjut. follow up actions.
Penerapan dari strategi tersebut telah dilakukan Implementation of these strategies have been
oleh Bank dengan melakukan berbagai tindakan conducted by the Bank by performing various
untuk mencegah, mendeteksi, dan mengelola actions to prevent, detect, and manage fraud
risiko fraud, termasuk diantaranya risks, including the improvement of Fraud
penyempurnaan Kebijakan dan Kerangka Kerja Management Policy & Framework, the
Pengelolaan Fraud (Fraud Management Policy & development of internal control procedures in the
Framework) yang berlaku, pengembangan units in managing fraud risk, socialization of anti-
prosedur kontrol internal di unit-unit dalam fraud campaign and anti-fraud awareness
mengelola risiko fraud, sosialisasi kampanye anti training, conducting of anti-fraud workshops to
fraud dan pelatihan tentang kesadaran anti fraud, increase competence and integrity of fraud unit,
pelaksanaan workshop anti fraud untuk pursuing a strategy of fraud risk identification and
peningkatan kompetensi dan integrity unit fraud, mitigation controls that must be done,
melakukan strategi identifikasi risiko fraud dan improvement of fraud database for the benefit of
mitigasi kontrol yang harus dilakukan, related units, using Fraud Detection system for
pengembangan database fraud untuk applications in consumer banking area and will
kepentingan unit-unit terkait, penggunaan sistem be continued to other areas and a variety of
untuk mendeteksi aplikasi Fraud di area strategies to be implemented to prevent and
consumer banking dan akan diteruskan ke area- detect fraud incident of unit of works. The
area lain dan berbagai strategi yang akan implementation of Anti Fraud Strategy has been
diterapkan dalam mencegah dan mendeteksi reported to Otoritas Jasa Keuangan (OJK) as
kejadian fraud di unit-unit kerja. Penerapan banks supervisor semesterly.
Strategi Anti Fraud di Bank telah dilaporkan ke
Otoritas Jasa Keuangan sebagai pengawas
perbankan setiap semester.
Pengelolaan QA QA Management
Bank memberikan pula penekanan kepada The Bank is also re-emphasizing the importance
pentingnya kontrol preventif dan mekanisme of preventative control and early detection
pendeteksian dini atas pemaparan risiko mechanisms over operational risk exposures
operasional melalui pembentukan fungsi National through setting up National Quality Assurance
Quality Assurance yang merupakan bagian dari function under the above-mentioned Division.
Divisi di atas. Fungsi ini berperan aktif dalam The function is taking bankwide coordination
meng-koordinasikan usaha-usaha untuk roles in the efforts to strengthen internal control
memperkuat sistem pengendalian internal dari systems in each Line of Businesses and Support
setiap Lini Bisnis dan Fungsi Pendukung. Functions.
Quality Assurance adalah program yang ditujukan Quality Assurance is a program that proposed to
untuk secara dini serta sistematis melakukan perform early monitoring and evaluation in a
pemantauan dan evaluasi atas aspek-aspek systematic was over critical aspects of the
kritikal dari proses dan produk Bank, guna Banks process and product in order to ensure
meyakinkan terpenuhinya standard kualitas. quality standard fulfilment. The most
Standard kualitas terpenting yang ingin dicapai important quality standard that went to be
Bank adalah terkelolanya faktor risiko serta achieved by the Bank is to manage the
penerapan mekanisme kontrol/mitigasi yang risk factors and implementation of control
diperlukan secara efektif. mechanism/compulsory mitigation effectively.

Kerangka Kerja Quality Assurance mencakup The Quality Assurance framework include unified
kesatuan metodologi, kebijakan, prosedur, dan methodology, policies, procedures, and
penyusunan organisasi, yang ditujukan untuk organization preparation, which is devoted to
secara sistimatis menjalankan program systematically run a monitoring program and
pemantauan dan evaluasi dalam identifikasi, evaluation in the identification, measurement,
pengukuran, pemantauan, serta pengendalian monitoring, and control risks that arising from the
risiko yang timbul dari operasi Bank. Banks Operation.
50. ASET KEUANGAN DAN LIABILITAS KEUANGAN 50. FINANCIAL ASSETS AND FINANCIAL LIABILITIES
Nilai wajar instrumen keuangan Fair value of financial instruments
Sebagian besar instrumen keuangan pada laporan posisi A significant number of financial instruments are carried
keuangan konsolidasian disajikan menggunakan nilai at fair value in the consolidated statements of financial
wajar. Berikut ini adalah perbandingan antara nilai tercatat, position. Below is the comparison of the carrying
seperti yang dilaporkan pada laporan posisi keuangan amounts, as reported on the consolidated statements of
konsolidasian dan nilai wajarnya. financial position, and their fair values.
Pada tabel berikut ini, instrumen keuangan telah In the following table, financial instruments have been
dialokasikan berdasarkan klasifikasinya. Kebijakan categorized based on their classification. The significant
akuntansi penting pada Catatan 2e menjelaskan accounting policies in Note 2e describe how the
bagaimana setiap kategori aset keuangan dan liabilitas categories of the financial assets and financial liabilities
keuangan diukur dan bagaimana pendapatan dan beban, are measured and how income and expenses, including
termasuk keuntungan dan kerugian atas nilai wajar fair value gains and losses (changes in fair value of
(perubahan nilai wajar instrumen keuangan) diakui. financial instruments), are recognized.
Pengelompokan aset keuangan telah diklasifikasikan Financial assets have been classified into fair value
menjadi aset keuangan yang diukur pada nilai wajar through profit or loss; held-to- maturity; loans and
melalui laba rugi; aset keuangan dimiliki hingga jatuh receivables and available-for-sale financial assets.
tempo; pinjaman yang diberikan dan piutang; dan aset Similarly, each class of financial liability has been
keuangan tersedia untuk dijual. Sama halnya dengan classified into trading and other amortized cost.
setiap liabilitas keuangan yang juga telah diklasifikasikan
menjadi yang diperdagangkan dan biaya perolehan
diamortisasi.
Nilai wajar pada tanggal laporan posisi keuangan The fair values are based on relevant information
konsolidasian adalah berdasarkan informasi yang tersedia available as at the consolidated statement of financial
dan belum diperbaharui untuk merefleksikan perubahaan position date and have not been updated to reflect
keadaan pasar setelah tanggal laporan posisi keuangan. changes in market condition after the statement of
financial position date.
Tabel berikut ini merupakan nilai tercatat dan nilai wajar The table below sets out the carrying amounts and fair
dari aset keuangan dan liabilitas keuangan pada tanggal- values of the financial assets and liabilities as of
tanggal 31 Desember 2014 dan 2013. 31 December 2014 and 2013.


2014
Nilai tercatat/Carrying amount
Diukur pada
nilai wajar
melalui laba Dimiliki Pinjaman yang Tersedia untuk Biaya perolehan Jumlah nilai
rugi/Fair value hingga jatuh diberikan dan dijual/ diamortisasi tercatat/Total
through profit tempo/Held- piutang/Loans Available-for- lainnya/Other carrying Nilai wajar/
or loss to-maturity and receivables sale Amortized cost amount Fair value
Aset Keuangan Financial Assets
Kas - - - 2.856.242 - 2.856.242 2.856.242 Cash
Indonesia - - 10.268.357 - - 10.268.357 10.268.357 Bank Indonesia
lain - - 4.857.902 - - 4.857.902 4.857.902 other banks
bank lain dan other banks and
Bank Indonesia - - 9.674.875 - - 9.674.875 9.674.875 Bank Indonesia
Efek-efek - 267.904 - 8.620.202 - 8.888.106 8.910.100 Marketable securities
Efek yang dibeli Securities purchased
dengan janji dijual under resale
kembali - - 540.541 - - 540.541 540.541 agreements
Tagihan derivatif Derivative receivables
Dimiliki untuk Held for risk
manajemen risiko 362.681 - - - - 362.681 362.681 management
Pinjaman yang
diberikan - - 106.774.211 - - 106.774.211 105.143.330 Loans
konsumen - - 26.418.852 - - 26.418.852 26.208.181 receivables
pembiayaan - - 1.916.659 - - 1.916.659 1.924.806 leases
Piutang premi - - 366.554 - - 366.554 366.554 Premium receivables
Aset reasuransi - - 670.216 - - 670.216 670.216 Reinsurances assets
Tagihan akseptasi - - 7.567.043 - - 7.567.043 7.567.043 Acceptances receivable
Obligasi Pemerintah 702.774 - - 5.902.233 - 6.605.007 6.605.007 Government Bonds
Investasi dalam saham - - - 157.579 - 157.579 157.579 Investments in shares
Aset lain-lain - neto - - 935.062 - - 935.062 935.062 Other assets - net
Liabilitas Keuangan Financial Liabilities

Deposits from
Simpanan nasabah - - - - 116.495.224 116.495.224 116.495.224 customers
Simpanan dari bank Deposits from other
lain - - - - 2.425.760 2.425.760 2.425.760 banks
Efek yang dijual Securities sold under
dengan janji repurchase
dibeli kembali - - - - 750.000 750.000 750.000 agreements
Acceptances
Utang akseptasi - - - - 7.554.464 7.554.464 7.554.464 payable
Efek yang diterbitkan - - - - 11.892.930 11.892.930 11.782.841 Securities issued
Pinjaman yang
diterima - - - - 14.496.842 14.496.842 14.484.294 Borrowings
Liabilitas derivatif Derivative liabilities
Liabilitas lain-lain - - - - 2.934.469 2.934.469 2.934.469 Other liabilities


2013
Nilai tercatat/Carrying amount
Diukur pada
nilai wajar
melalui laba Dimiliki Pinjaman yang Tersedia untuk Biaya perolehan Jumlah nilai
rugi/Fair value hingga jatuh diberikan dan dijual/ diamortisasi tercatat/Total
through profit tempo/Held- piutang/Loans Available-for- lainnya/Other carrying Nilai wajar/
or loss to-maturity and receivables sale Amortized cost amount Fair value
Aset Keuangan Financial Assets
Kas - - - 2.943.909 - 2.943.909 2.943.909 Cash
Indonesia - - 9.261.322 - - 9.261.322 9.261.322 Bank Indonesia
lain - - 5.334.964 - - 5.334.964 5.334.964 other banks
bank lain dan other banks and
Bank Indonesia - - 7.399.600 - - 7.399.600 7.399.600 Bank Indonesia
Efek-efek - 379.697 - 7.347.419 - 7.727.116 7.728.187 Marketable securities
Pinjaman yang
diberikan - - 103.468.254 - - 103.468.254 104.905.664 Loans
konsumen - - 27.177.831 - - 27.177.831 27.145.873 receivables
pembiayaan - - 1.496.861 - - 1.496.861 1.496.942 leases
Piutang premi - - 118.268 - - 118.268 118.268 Premium receivables
Tagihan akseptasi - - 4.107.561 - - 4.107.561 4.107.561 Acceptances receivable
Aset reasuransi - - 568.311 - - 568.311 568.311 Reinsurances assets
Obligasi Pemerintah 126.788 - - 5.471.501 - 5.598.289 5.598.289 Government Bonds
Investasi dalam saham - - - 12.175 - 12.175 12.175 Investments in shares
Aset lain-lain - neto - - 970.561 - - 970.561 970.561 Other assets - net
Liabilitas Keuangan Financial Liabilities

Deposits from
Simpanan nasabah - - - - 109.161.182 109.161.182 109.161.182 customers
Simpanan dari bank Deposits from other
lain - - - - 1.695.178 1.695.178 1.695.178 banks
Efek yang dijual Securities sold under
dengan janji repurchase
dibeli kembali - - - - 759.245 759.245 759.245 agreements
Acceptances
Utang akseptasi - - - - 4.103.382 4.103.382 4.103.382 payable
Efek yang diterbitkan - - - - 12.122.024 12.122.024 11.999.017 Securities issued
Pinjaman yang
diterima - - - - 16.068.471 16.068.471 16.035.702 Borrowings
Liabilitas lain-lain - - - - 2.967.939 2.967.939 2.967.939 Other liabilities
Metode dan asumsi yang digunakan untuk estimasi nilai The following methods and assumptions are used to
wajar adalah sebagai berikut: estimate the fair values:
Nilai wajar aset keuangan dan liabilitas keuangan, kecuali The fair values of financial assets and liabilities, except for
efek-efek dimiliki hingga jatuh tempo, pinjaman yang held-to-maturity marketable securities, loans with fair
diberikan yang mempunyai risiko nilai wajar, piutang value risk, consumer financing receivables, investment in
pembiayaan konsumen, investasi sewa pembiayaan, efek finance lease, securities issued, and borrowings,
yang diterbitkan, dan pinjaman yang diterima, mendekati approximated the carrying amounts largely due to the
nilai tercatatnya karena mempunyai jangka waktu tempo short-term maturities of these instruments and/or repricing
yang singkat atas instrumen keuangan tersebut dan/atau of interest rate frequently.
suku bunganya sering ditinjau ulang.


Nilai wajar efek-efek dimiliki hingga jatuh tempo dan efek The fair values of held-to-maturity marketable securities
yang diterbitkan ditentukan berdasarkan harga kuotasi and securities issued were determined on the basis of
pasar yang berlaku pada tanggal-tanggal 31 Desember quoted market price as of 31 December 2014 and 2013.
2014 dan 2013.
Nilai wajar pinjaman yang diberikan yang mempunyai The fair values of loans with fair value risk, consumer
risiko nilai wajar, piutang pembiayaan konsumen, investasi financing receivables, investment in finance lease, and
sewa pembiayaan, dan pinjaman yang diterima dinilai borrowing are determined by discounting cash flows
menggunakan diskonto arus kas berdasarkan tingkat suku using market interest rate as of 31 December 2014 and
bunga pasar pada tanggal-tanggal 31 Desember 2014 dan 2013.
2013.
Nilai wajar investasi dalam saham dinilai sebesar biaya The fair value of investments in shares is the same as the
perolehannya karena nilai wajarnya tidak dapat diukur cost since fair value cannot be reliably measured, except
secara handal, kecuali untuk investasi dalam saham for certain investment in shares that has quoted price was
tertentu yang memiliki harga kuotasi dicatat sebesar harga determined on the basis of quoted market price.
kuotasi pasar yang berlaku.
Hirarki nilai wajar instrumen keuangan Fair value hierarchy of financial instruments
Tabel berikut ini merupakan hirarki nilai wajar dari aset The table below sets out the fair values hierarchy of the
keuangan dan liabilitas keuangan pada tanggal-tanggal financial assets and liabilities as of 31 December 2014
31 Desember 2014 dan 2013. and 2013.
a. Aset yang diukur pada nilai wajar a. Assets measured at fair value
Pengukuran nilai wajar pada tanggal pelaporan

menggunakan/Fair value measurement as at reporting date using:
31 Desember/ Tingkat/ Tingkat/ Tingkat/
December 2014 Level 1 Level 2 Level 3
Aset keuangan yang diukur pada Financial assets at fair

nilai wajar melalui value through profit
laba rugi: or loss:
Obligasi Pemerintah 702.774 702.774 - - Government Bonds
Tagihan derivatif 461.291 - 461.291 - Derivative receivables
Aset keuangan tersedia Available-for-sale

untuk dijual: financial assets:
Obligasi pemerintah 5.902.233 5.902.233 - - Government Bonds
Efek-efek 8.620.202 4.806.344 3.813.858 - Marketable securities

menggunakan/Fair value measurement as at reporting date using:
Aset keuangan yang diukur pada Financial assets at fair

laba rugi: or loss:
Obligasi Pemerintah 126.788 126.788 - - Government Bonds
Tagihan derivatif 1.174.517 - 1.174.517 - Derivative receivables
Aset keuangan tersedia Available-for-sale

untuk dijual: financial assets:
Obligasi pemerintah 5.471.501 5.471.501 - - Government Bonds
Efek-efek 7.347.419 4.750.693 2.596.726 - Marketable securities


b. Liabilitas yang diukur pada nilai wajar b. Liabilities measured at fair value

menggunakan/Fair value measurement as at reporting date
using:
Liabilitas keuangan yang diukur pada Financial liabilities at fair

laba rugi: or loss:
Kewajiban derivatif 129.261 - 129.261 - Derivative liabilities

menggunakan/Fair value measurement as at reporting date
using:
Liabilitas keuangan yang diukur pada Financial liabilities at fair

laba rugi: or loss:
Kewajiban derivatif 458.850 - 458.850 - Derivative liabilities
Pada tanggal-tanggal 31 Desember 2014 dan 2013, tidak As of 31 December 2014 and 2013, there are no financial
ada aset keuangan atau liabilitas keuangan yang ditransfer assets and financial liabilities transfer out of or into level 2
dari atau ke tingkat 2 dan/atau tingkat 3. and/or level 3.
51. AKTIVITAS FIDUCIARY 51. FIDUCIARY ACTIVITIES
Bank menyediakan jasa kustodian, agen sekuritas, trustee, The Bank provides custodial, securities agency, trustee,
pengelolaan investasi discretionary, dan reksadana investment management discretionary, and mutual fund
kepada pihak ketiga. Aset yang terdapat dalam aktivitas services to third parties. Assets that are held in fiduciary
fiduciary tidak termasuk dalam laporan keuangan activities are not included in these consolidated financial
konsolidasian ini. Jumlah komisi yang diterima dari statements. Total fees received from these services for
pemberian jasa ini untuk tahun yang berakhir pada the year ended 31 December 2014 was Rp19,063 (2013:
tanggal 31 Desember 2014 adalah Rp19.063 (2013: Rp17,296).
Rp17.296).
52. BATAS MAKSIMUM PEMBERIAN KREDIT BANK 52. LEGAL LENDING LIMIT FOR COMMERCIAL BANKS
UMUM (BMPK) (LLL)
Pada tanggal-tanggal 31 Desember 2014 dan 2013, tidak As of 31 December 2014 and 2013, there was no excess
terdapat pelampauan BMPK kepada pihak terkait maupun of LLL to both related parties and non-related parties.
pihak tidak terkait.
Mulai tanggal 31 Desember 2007, Bank telah menerapkan Starting 31 December 2007, the Bank has implemented
peraturan BI No. 8/6/PBI/2006 tentang penerapan BI regulation No. 8/6/PBI/2006 regarding the
manajemen risiko secara konsolidasi bagi Bank yang implementation of consolidated risk management to the
melakukan pengendalian terhadap Entitas Anak dalam Subsidiaries which are controlled by the Bank in the
perhitungan BMPK Bank. Banks LLL calculation.


52. BATAS MAKSIMUM PEMBERIAN KREDIT BANK UMUM 52. LEGAL LENDING LIMIT FOR COMMERCIAL BANKS
(BMPK) (lanjutan) (LLL) (continued)
Sesuai dengan peraturan BI No. 8/13/2006 tentang Based on BI regulation No. 8/13/2006 regarding changes
Perubahan Atas Peraturan Bank Indonesia on BI regulation No. 7/3/PBI/2005 and BI regulation
No. 7/3/PBI/2005 Batas Maksimum Pemberian Kredit No. 7/3/PBI/2005 regarding Legal Lending Limit for
Bank Umum dan peraturan BI No. 7/3/PBI/2005 tentang Commercial Bank, the maximum lending limit to related
Batas Maksimum Pemberian Kredit Bank Umum, batas parties, one non-related party debtor, and one non-related
maksimum penyediaan dana kepada pihak terkait, satu party group of debtors shall not exceed 10%, 20%, and
peminjam yang bukan pihak terkait, dan satu kelompok 25% of the Banks capital, respectively.
peminjam yang bukan pihak terkait masing-masing tidak
melebihi 10%, 20%, dan 25% dari modal Bank.
53. MANAJEMEN MODAL 53. CAPITAL MANAGEMENT
Penerapan Bank atas risiko pasar, risiko kredit, dan risiko The Bank implementation on market risk, credit risk, and
operasional dalam permodalan adalah sebagai berikut: operational risk in capital is as follows:
a. Risiko pasar a. Market risk
Bank telah menerapkan pendekatan standard untuk The Bank has adopted standardized approach for
mengelola risiko pasar sesuai Peraturan BI market risk management according to BI regulation
No. 9/13/PBI/2007 tanggal 1 November 2007 dan SE No. 9/13/PBI/2007 dated 1 November 2007 and BI
BI No. 9/33/DPnP tanggal 18 Desember 2007 serta Circular Letter No. 9/33/DPnP dated 18 December
perubahan SE BI tersebut dengan SE BI 2007 and its changes with BI Circular Letter
No. 14/21/DPnP tanggal 18 Juli 2012. No. 14/21/DPnP dated 18 July 2012.
b. Risiko kredit b. Credit risk
Sesuai dengan Surat Edaran BI No. 13/6/DPNP In accordance with BI Circular Letter
tanggal 18 Februari 2011, Bank sudah menerapkan No. 13/6/DPNP dated 18 February 2011, the Bank
pendekatan standar untuk mengelola risiko kredit has adopted the standardized approach for credit
mulai 1 Januari 2012. risk management starting 1 January 2012.
Pada tanggal 18 November 2014, OJK mengeluarkan On 18 November 2014, OJK has issued OJK
peraturan OJK No. 21/POJK.03/2014 yang mengatur regulation No. 21/POJK.03/2014 which regulates the
tentang penerapan pendekatan dalam mengelola implementation approach for sharia credit risk
risiko kredit bisnis syariah. Mengacu pada peraturan management. With reference to this regulation, the
tersebut, Bank akan menerapkan pendekatan standar Bank will adopt standardized approach for credit risk
untuk mengelola risiko kredit di Unit Usaha Syariah management in Sharia Business Unit (UUS) starting
(UUS) mulai 1 Januari 2015. on 1 January 2015.
c. Risiko operasional c. Operational risk
Untuk pengelolaan risiko operasional Bank Operational risk management still uses basic
menerapkan pendekatan indikator dasar sesuai indicator approach as per BI Circular Letter
dengan Surat Edaran (SE) BI No. 11/3/DPNP tanggal No. 11/3/DPNP dated 27 January 2009. Based on
27 Januari 2009. Berdasarkan SE ini, beban modal this Circular Letter, the capital charge for operational
untuk risiko operasional sebesar 15% dari rata-rata risk is at 15% of average gross income for the last
pendapatan kotor selama tiga tahun terakhir, efektif three years, which became effective on
tanggal 1 Januari 2011. 1 January 2011.


53. MANAJEMEN MODAL (lanjutan) 53. CAPITAL MANAGEMENT (continued)
Adapun struktur permodalan Bank saat ini terdiri dari: The current Bank capital structure consists of:
i. Modal Inti (tier 1) terdiri dari modal disetor berupa i. Core Capital (tier 1) comprises paid up capital of
modal saham biasa, dan cadangan tambahan modal common shares and disclosed reserve which consist
yang terdiri dari agio saham, cadangan modal of additional paid up capital, general reserve, prior
umum, laba tahun-tahun lalu, laba tahun berjalan year profit, current year profit (50%), calculating the
(50%), dan telah memperhitungkan faktor deduction factors which consists of shortage in
pengurang yaitu selisih kurang antara PPA dan regulatory provision over allowance for impairment
penyisihan kerugian penurunan nilai atas aset loss for productive assets, regulatory provision on
produktif, PPA atas aset non produktif yang wajib non productive assets, and Bank investment in
dihitung, dan penyertaan Bank kepada Anak Subsidiaries (50%).
Perusahaan (50%).
ii. Modal Pelengkap (tier 2) terdiri dari cadangan umum ii. Supplementary Capital (tier 2) comprises the
PPA atas aset produktif yang wajib dibentuk regulatory provision general reserve on productive
(maksimum 1,25% dari ATMR untuk risiko Kredit) assets (maximum 1.25% from RWA for credit risk)
dan memperhitungkan penyertaan Bank kepada including deduction factor of Banks investment in
anak perusahaan (50%) sebagai faktor pengurang. Subsidiaries (50%).
Sesuai dengan peraturan BI No. 14/18/PBI/2012 tanggal Pursuant to BI regulation No. 14/18/PBI/2012 dated
28 November 2012 tentang Kewajiban Penyediaan Modal 28 November 2012 regarding Capital Adequacy Ratio
Minimum (KPMM) Bank Umum dan Surat Edaran BI (CAR) for Commercial Bank and BI Circular Letter
No. 14/37/DPNP tanggal 27 Desember 2012 tentang No. 14/37/DPNP dated 27 December 2012 regarding
KPMM sesuai Profil Risiko dan Pemenuhan Capital CAR Risk Profile Based and Fulfilment of Capital
Equivalency Maintained Assets (CEMA), Bank wajib Equivalency Maintained Assets (CEMA), the Bank is
melakukan perhitungan KPMM minimum berdasarkan required to calculate minimum CAR in accordance to its
profil risiko dan melakukan Internal Capital Adequacy risk profile and to perform Internal Capital Adequacy
Assessment Process (ICAAP). Assessment Process (ICAAP).
Hasil penilaian menunjukkan bahwa Bank mampu The assessment result shows that the Bank has met the
memenuhi ketentuan KPMM minimum sesuai dengan minimum CAR in accordance to its risk profile, both on
profil risiko, baik untuk Bank maupun konsolidasi. standalone and consolidated basis. Based on ICAAP, the
Berdasarkan proses penilaian kecukupan modal internal Bank will have sufficient financial resources to meet its
(ICAAP), Bank akan memiliki ketersediaan sumber daya Pillar 1 and Pillar 2 capital demands for the next three
keuangan yang memenuhi kebutuhan modal baik untuk years.
Pilar 1 dan Pilar 2 untuk tiga tahun ke depan.
Selain ketentuan tersebut, guna memperkuat daya tahan On 12 December 2013, with the aim to strengthen the
industri perbankan dalam menghadapi berbagai tantangan banking industry in overcoming various economic
ekonomi, pada tanggal 12 Desember 2013, BI challenges, BI issued PBI No.15/12/PBI concerning CAR
mengeluarkan PBI No.15/12/PBI tentang KPMM Bank for Commercial Bank, which requires banks to set aside
Umum tentang kewajiban bank untuk membentuk additional capital buffers which is imposed in stages from
tambahan modal sebagai penyangga (buffer) yang berlaku 1 January 2016 to 1 January 2019. The regulation also
secara bertahap mulai 1 Januari 2016 sampai 1 Januari stipulates changes in capital components as well as
2019. Peraturan ini juga mengatur penyesuaian increasing the minimum Tier 1 Capital from 5% to 6%,
komponen permodalan dan juga meningkatkan rasio effective from 1 January 2014.
minimum modal inti (Tier 1) dari 5% menjadi 6%, efektif
dari tanggal 1 Januari 2014.
Bank mendukung kebijakan yang telah dikeluarkan oleh BI The Bank supports this BI initiative and is committed to
dan berupaya mempersiapkan diri agar dapat memenuhi take appropriate actions to meet the requirements in
berbagai ketentuan yang dikeluarkan sehingga mampu order to generate sustainable growth. The Bank believes
mencapai pertumbuhan bisnis yang berkelanjutan. Bank in meeting the capital requirements to support the desired
optimis mampu memenuhi ketentuan terkait permodalan business growth.
untuk mendukung pertumbuhan bisnis yang diharapkan.


53. MANAJEMEN MODAL (lanjutan) 53. CAPITAL MANAGEMENT (continued)
Guna terus meningkatkan kemampuan permodalan, To continuously strengthen its capital, Bank takes
secara proaktif Bank menjaga rasio permodalan yang proactive measures to maintain sound capital ratio, both
sehat baik untuk Bank sebagai entitas maupun pada on standalone and consolidated basis, at 2% above the
tingkat konsolidasian, minimal 2% di atas persyaratan minimum level as required based on risk profile.
minimum yang harus dipenuhi berdasarkan profil risiko.
Berikut adalah posisi modal berdasarkan peraturan BI The following is the Banks capital position based on BI
pada tanggal-tanggal 31 Desember 2014 dan 2013: regulation as of 31 December 2014 and 2013:
2014 2013
Bank Bank
Dengan memperhitungkan risiko kredit, With credit risk, market risk
risiko pasar dan risiko operasional and operational risk
- Aset Tertimbang Menurut Risiko 133.353.973 123.510.477 Risk Weighted Assets -
- Jumlah modal 24.230.478 21.588.379 Total capital -
- Rasio Kewajiban Penyediaan Capital Adequacy -
Modal Minimum 18,17% 17,48% Ratio
Bank dan Entitas Anak Bank and Subsidiaries

Dengan memperhitungkan risiko kredit, With credit risk, market risk,
risiko pasar, dan risiko operasional and operational risk
- Aset tertimbang menurut risiko 166.294.433 155.140.150 Risk Weighted Assets -
- Jumlah modal 29.702.743 27.701.698 Total capital -
- Rasio Kewajiban Penyediaan Capital Adequacy -
Modal Minimum 17,86% 17,86% Ratio
Manajemen menggunakan rasio permodalan dengan Management uses regulatory capital ratios in order to
tujuan untuk memonitor jumlah modal dan rasio modal monitor capital base, and these capital ratios follow the
tersebut mengikuti standar industri untuk mengukur industry standards for measuring capital adequacy. BIs
kecukupan modal. Pendekatan BI atas pengukuran approach to such measurement is primarily based on
tersebut terutama berdasarkan pengawasan atas monitoring the relationship of the capital resources
hubungan kebutuhan sumber modal terhadap requirement to available capital resources.
ketersediaan sumber modal.
Bank telah memenuhi ketentuan BI yang berlaku tentang The Bank has fulfilled the BIs regulation regarding CAR
KPMM dan Perhitungan ATMR. and Calculation of RWA.


54. ASET DAN LIABILITAS DALAM MATA UANG ASING 54. ASSETS AND LIABILITIES IN FOREIGN
CURRENCIES
Saldo aset dan liabilitas moneter dalam mata uang asing The balances of monetary assets and liabilities in foreign
adalah sebagai berikut: currencies are as follows:
2014
Ekuivalen
Mata uang asing Rupiah (dalam
(dalam ribuan)/ jutaan)/Rupiah
Foreign currency equivalent (in
(in thousand) million)
ASET ASSETS
Kas Cash
Euro Eropa 331 4.977 European Euro
Yen Jepang 7.088 734 Japanese Yen
162.092
Giro pada Bank Indonesia Current accounts with Bank Indonesia

Dolar Amerika Serikat 243.850 3.020.083 United States Dollar
Giro pada bank lain Current accounts with other banks

Yen Jepang 2.272.161 235.305 Japanese Yen
Dolar Hong Kong 13.608 21.731 Hong Kong Dollar
Poundsterling Inggris 831 16.029 Great Britain Poundsterling
4.519.632
Penempatan pada bank lain dan Bank Placements with other banks and
Indonesia Bank Indonesia
6.179.308

Yen Jepang 8.256 855 Japanese Yen
416.589

Pinjaman yang diberikan Loans

11.762.378
Piutang premi Premium receivables

Dolar Singapura 856 8.028 Singapore Dollar
Euro Eropa 23 348 European Euro
96.126


(lanjutan) CURRENCIES (continued)
2014
Ekuivalen
Mata uang asing Rupiah (dalam
(dalam ribuan)/ jutaan)/Rupiah
Foreign currency equivalent (in
(in thousand) million)
ASET (lanjutan) ASSETS (continued)
Tagihan akseptasi Acceptances receivable
Yen Jepang 87.756 9.088 Japanese Yen
7.521.162

aset lain-lain Prepayments and other assets
Dolar Australia 10 98 Australian Dollar
Lain-lain 12 140 Others
71.688
Dolar Amerika Serikat 2.115.681 26.202.706 United States Dollar
Yen Jepang 2.175.193 225.263 Japanese Yen
Poundsterling Inggris 715 13.782 Great Britain Poundsterling
Lain-lain 516 5.011 Others
27.557.133
Simpanan dari bank lain Deposits from other banks
Utang akseptasi Acceptances payable

Yen Jepang 87.756 9.088 Japanese Yen
7.521.162
Pinjaman yang diterima Borrowings

Beban yang masih harus dibayar dan

liabilitas lain-lain Accruals and other liabilities
Dolar Australia 93 942 Australian Dollar
219.280
Posisi liabilitas - neto (9.750.746) Liabilities position - net


(lanjutan) CURRENCIES (continued)
Dalam melakukan transaksi dalam mata uang asing, Bank In conducting foreign currency transactions, the Bank has
memiliki kebijakan untuk memelihara posisi devisa neto a policy of maintaining net open position as required by
sesuai dengan peraturan BI yakni setinggi-tingginya BI regulation at the maximum 20% of the total Tier I and
sebesar 20% dari jumlah modal Tier I dan Tier II. Tier II capital. Based on this policy, the Bank will hedge or
Berdasarkan kebijakan ini, Bank akan melakukan lindung square its open position, if necessary, within the limit as
nilai atau melakukan square atas posisi yang dimiliki jika per BI regulation.
diperlukan untuk menjaga agar posisi devisa neto masih
dalam limit sesuai peraturan BI.
55. INFORMASI KEUANGAN TAMBAHAN - UNIT SYARIAH 55. SUPPLEMENTARY FINANCIAL INFORMATION -
SHARIA UNIT
Sesuai dengan Surat dari BI No. 10/57/DpG/DPbS tanggal In accordance with the Letter from BI
27 Mei 2008 perihal penyeragaman nama produk dan No. 10/57/DpG/DPbS dated 27 May 2008 regarding
jasa perbankan syariah, mulai bulan September 2008, equalisation of sharia banking products and services,
semua produk/jasa perbankan syariah diseragamkan starting September 2008, all sharia banking
menjadi iB. products/services are equalised as iB.
2014 2013
ASET ASSETS
Kas 15.401 42.481 Cash
Giro pada Bank Indonesia 119.275 76.387 Bank Indonesia
134.676 118.868
Certificates of Bank Indonesia -
Sertifikat Bank Indonesia - Syariah 206.000 505.000 Sharia
Surat berharga 95.000 95.000 Marketable securities
Dikurangi: Penyisihan kerugian Less: Allowance for
penurunan nilai aset (20.750) (20.750) impairment losses
74.250 74.250
Piutang iB*) 174.075 261.572 iB receivables*)

157.040 244.674
Piutang iB lainnya 46.991 159.321 Other iB receivables
penurunan nilai aset (170) (210) impairment losses
46.821 159.111
Pembiayaan iB 2.265.249 1.464.179 iB financing
2.236.167 1.437.105
Aset tetap 28.001 27.365 Fixed assets
Dikurangi: Akumulasi penyusutan (19.625) (9.997) Less: Accumulated depreciation
Nilai buku neto 8.376 17.368 Net book value
Pendapatan yang masih akan diterima 17.963 14.576 Deferred income
Beban dibayar dimuka 12.634 39.983 Prepayments
Aset lain-lain 3.591 2.441 Other assets
JUMLAH ASET 2.897.518 2.613.376 TOTAL ASSETS
*) Jumlah piutang iB tidak termasuk marjin yang belum diterima *) Total iB receivables do not include unreceived margin
masing-masing sebesar Rp35.953 dan Rp57.851 pada tanggal- amounting to Rp35,953 and Rp57,851 as of 31 December 2014
tanggal 31 Desember 2014 dan 2013. and 2013, respectively.


55. INFORMASI KEUANGAN TAMBAHAN - UNIT SYARIAH 55. SUPPLEMENTARY FINANCIAL INFORMATION -
(lanjutan) SHARIA UNIT (continued)
2014 2013
LIABILITAS DAN INVESTASI TIDAK LIABILITIES AND UNRESTRICTED

TERIKAT INVESTMENT
Dana simpanan iB iB deposits
- Giro iB titipan 178.796 134.011 iB deposit current accounts -
- Tabungan iB titipan 2.681 7.482 iB deposit savings -
Liabilitas segera iB lainnya 3.635 2.714 Other iB obligations due immediately
Liabilitas kepada bank lain 312.342 53.249 Liabilities to other banks
Liabilitas lain-lain 409.175 1.152.738 Other liabilities
JUMLAH LIABILITAS 906.629 1.350.194 TOTAL LIABILITIES
INVESTASI TIDAK TERIKAT UNRESTRICTED INVESTMENT

Dana investasi tidak terikat Unrestricted investment funds
- Tabungan iB 513.075 398.080 iB savings -
- Deposito iB 1.470.598 863.254 iB deposits -
TOTAL UNRESTRICTED
JUMLAH INVESTASI TIDAK TERIKAT 1.983.673 1.261.334 INVESTMENT
LABA PROFIT
Saldo laba tahun berjalan 7.216 1.848 Gain during the year
TOTAL LIABILITIES
JUMLAH LIABILITAS DAN INVESTASI AND UNRESTRICTED
TIDAK TERIKAT 2.897.518 2.613.376 INVESTMENT


55. INFORMASI KEUANGAN TAMBAHAN - UNIT 55. SUPPLEMENTARY FINANCIAL INFORMATION -

SYARIAH (lanjutan) SHARIA UNIT (continued)
2014 2013
LAPORAN LABA RUGI STATEMENTS OF INCOME

Marjin 27.873 27.637 Margin
Bagi hasil 211.960 144.704 Profit sharing
Bonus 1.786 938 Bonus
Operasional lainnya 53.009 69.822 Other operating income
Jumlah pendapatan operasional 294.628 243.101 Total operating income
Bagi hasil untuk investor dana investasi Margin distribution for unrestricted
tidak terikat investment funds
- Bank (5.536) (806) Bank -
- Bukan Bank (98.251) (50.328) Non Bank -
Jumlah bagi hasil (103.787) (51.134) Total profit sharing

INCOME FROM OPERATION
PENDAPATAN OPERASIONAL AFTER DEDUCTING MARGIN
SETELAH DISTRIBUSI BAGI HASIL DISTRIBUTION FOR
UNTUK INVESTOR DANA UNRESTRICTED INVESTMENT
INVESTASI TIDAK TERIKAT 190.841 191.967 FUNDS
Bonus iB (3.038) (1.643) iB Bonus

Penyisihan kerugian penurunan Allowance for impairment
nilai aset (16.116) (16.159) losses on assets
Administrasi dan umum (23.337) (23.196) General and administrative
Personalia (105.554) (104.805) Salaries and employee benefits
Lainnya (28.882) (35.766) Others
Jumlah beban operasional (176.927) (181.569) Total operating expenses
PENDAPATAN OPERASIONAL NETO 13.914 10.398 NET OPERATING INCOME
Pendapatan bukan operasional 3.062 503 Non-operating income

Beban bukan operasional (9.760) (9.053) Non-operating expense
BEBAN BUKAN OPERASIONAL - NETO (6.698) (8.550) NET NON-OPERATING EXPENSE
LABA TAHUN BERJALAN 7.216 1.848 INCOME DURING THE YEAR
Biaya transformasi atas Bisnis Usaha Syariah diakui Transformation expense of Sharia Unit Business
sebagai bagian dari keseluruhan biaya transformasi bisnis recognized as part of the Banks business transformation
Bank. expense.
Pada tanggal 31 Desember 2014, rasio piutang dan As of 31 December 2014, the percentage of non-
pembiayaan iB yang diberikan dengan akad bermasalah performing iB receivables and financing with contract to
terhadap jumlah pembiayaan yang diberikan adalah total loans was 1.64% (2013: 2.03%).
sebesar 1,64% (2013: 2,03%).


56. AKTIVITAS INVESTASI NON-KAS 56. NON-CASH INVESTING ACTIVITY
2014 2013
Aktivitas investasi non-kas: Non-cash investing activities:
Pembelian aset tetap yang masih Acquisition of fixed assets still
terutang 7.855 15.040 unpaid
Kerugian penghapusan aset tetap - 1.150 Loss on write off of fixed assets
57. REKLASIFIKASI AKUN 57. ACCOUNTS RECLASSIFICATION
Akun tertentu dalam laporan posisi keuangan Certain accounts in the consolidated statements of
konsolidasian pada tanggal-tanggal 31 Desember 2013 financial position as of 31 December 2013 and 2012
dan 2012 telah direklasifikasi agar sesuai dengan have been reclassified to conform with the presentation
penyajian laporan posisi keuangan konsolidasian pada of consolidated statement of financial position as of
tanggal 31 Desember 2014. 31 December 2014.
2013
Sebelum Setelah
reklasifikasi/ reklasifikasi/
Before Reklasifikasi/ After
reclassifications Reclassifications reclassifications
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN OF FINANCIAL POSITION
ASET ASSETS
Aset tetap (Catatan 18) 2.199.165 184.828 2.383.993 Fixed assets (Note 18)
Beban dibayar dimuka Prepayment and other
dan aset lain-lain (Catatan 19) 3.156.192 (184.828) 2.971.364 assets (Note 19)
2013
Sebelum Setelah
LAPORAN ARUS KAS CONSOLIDATED STATEMENT
KONSOLIDASIAN OF CASH FLOWS
Kas neto diperoleh dari Net cash provided by
kegiatan operasi 3.533.128 139.380 3.672.508 operating activities
kegiatan investasi (2.467.186) (139.380) (2.606.566) investing activities
2012
Sebelum Setelah
LAPORAN POSISI KEUANGAN CONSOLIDATED STATEMENT
KONSOLIDASIAN OF FINANCIAL POSITION
ASET ASSETS
Aset tetap (Catatan 18) 2.095.756 45.448 2.141.204 Fixed assets (Note 18)
Beban dibayar dimuka Prepayments and other
dan aset lain-lain (Catatan 19) 3.917.135 (1.238.700) 2.678.435 assets (Note 19)


58. STANDAR AKUNTANSI YANG TELAH DISAHKAN 58. ACCOUNTING STANDARDS ISSUED BUT NOT YET
NAMUN BELUM BERLAKU EFEKTIF EFFECTIVE
Berikut ini ikhtisar Pernyataan Standar Akuntansi The following summarizes the Statements of Financial
Keuangan (PSAK) dan Interpretasi Standar Akuntansi Accounting Standards (SFAS) and Interpretation of
Keuangan (ISAK) yang diterbitkan oleh Dewan Standar Financial Accounting Standards (ISAK) issued by the
Akuntansi Keuangan (DSAK) dan Dewan Standar Indonesian Accounting Standards Board (DSAK) and
Akuntansi Syariah (DSAS) yang belum berlaku efektif Sharia Accounting Standards Board (DSAS) which are
untuk laporan keuangan konsolidasian yang berakhir pada not yet effective for the consolidated financial statements
tanggal 31 Desember 2014: for the year ended 31 December 2014:
Efektif berlaku pada atau setelah tanggal 1 Januari 2015: Effective on or after 1 January 2015:
a. PSAK No. 1 (Revisi 2013), Penyajian Laporan a. SFAS No. 1 (Revised 2013), Presentation of
Keuangan, yang diadopsi dari IAS 1. PSAK ini Financial Statements, adopted from IAS 1. This
mengubah penyajian kelompok pos-pos dalam SFAS changes the grouping of items presented in
penghasilan komprehensif lain. Pos-pos yang akan other comprehensive income. Items that could be
direklasifikasi ke laba rugi disajikan terpisah dari reclassified to profit or loss would be presented
pos-pos yang tidak akan direklasifikasi ke laba rugi. separately from items that will never be
reclassified.
b. PSAK No. 4 (Revisi 2013), Laporan Keuangan b. SFAS No. 4 (Revised 2013), Separate Financial
Tersendiri, yang diadopsi dari IAS 27. PSAK ini Statements, adopted from IAS 27. This SFAS
hanya mengatur persyaratan akuntansi ketika prescribes only the accounting requirements
entitas induk menyajikan laporan keuangan when a parent entity prepares separate financial
tersendiri sebagai informasi tambahan. Pengaturan statements as additional information. Accounting
akuntansi untuk laporan keuangan konsolidasian for consolidated financial statements is
diatur dalam PSAK No. 65. determined in SFAS No. 65.
c. PSAK No. 15 (Revisi 2013), Investasi pada Entitas c. SFAS No. 15 (Revised 2013), Investments in
Asosiasi dan Ventura Bersama, yang diadopsi dari Associates and Joint Ventures, adopted from IAS
IAS 28. PSAK ini mengatur penerapan metode 28. This SFAS describes the application of the
ekuitas pada investasi ventura bersama dan juga equity method to investments in joint ventures in
entitas asosiasi. addition to associates.
d. PSAK No. 24 (Revisi 2013), Imbalan Kerja, yang d. SFAS No. 24 (Revised 2013), Employee
diadopsi dari IAS 19. PSAK ini, antara lain, Benefits, adopted from IAS 19. This SFAS,
menghapus mekanisme koridor dan pengungkapan among other, removes the corridor mechanism
atas informasi liabilitas kontinjensi untuk and contingent liability disclosures to simple
menyederhanakan klarifikasi dan pengungkapan. clarifications and disclosures.
e. PSAK No. 46 (Revisi 2014), Pajak Penghasilan, e. SFAS No. 46 (Revised 2014), Income Taxes,
yang diadopsi dari IAS 12. PSAK ini memberikan adopted from IAS 12. This SFAS now provides
tambahan pengaturan untuk aset dan liabilitas additional provision for deferred tax asset or
pajak tangguhan yang berasal dari aset yang tidak deferred tax liability arises from a non-depreciable
disusutkan yang diukur dengan menggunakan asset measured using the revaluation model, and
model revaluasi, dan yang berasal dari properti those arises from investment property that is
investasi yang diukur dengan menggunakan model measured using the fair value model.
nilai wajar.
f. PSAK No. 48 (Revisi 2014), Penurunan Nilai Aset, f. SFAS No. 48 (Revised 2014), Impairment of
yang diadopsi dari IAS 36. PSAK ini memberikan Assets, adopted from IAS 36. This SFAS
tambahan persyaratan pengungkapan untuk setiap provides additional disclosure terms for each
aset individual atau unit penghasil kas yang mana individual asset (including goodwill) or a cash-
kerugian penurunan nilai telah diakui atau dibalik generating unit, for which an impairment loss has
selama periode. been recognized or reversed during the period.
g. PSAK No. 50 (Revisi 2014), Instrumen Keuangan: g. SFAS No. 50 (Revised 2014), Financial
Penyajian, yang diadopsi dari IAS 32. PSAK ini Instruments: Presentation, adopted from IAS 32.
mengatur lebih dalam kriteria mengenai hak yang This SFAS provides deeper about criterion on
dapat dipaksakan secara hukum untuk melakukan legally enforceable right to set off the recognized
saling hapus atas jumlah yang telah diakui dan amounts and criterion to settle on a net basis.
kriteria penyelesaian secara neto.


58. STANDAR AKUNTANSI YANG TELAH DISAHKAN 58. ACCOUNTING STANDARDS ISSUED BUT NOT YET
NAMUN BELUM BERLAKU EFEKTIF (lanjutan) EFFECTIVE (continued)
h. PSAK No. 55 (Revisi 2014), Instrumen Keuangan: h. SFAS No. 55 (Revised 2014), Financial
Pengakuan dan Pengukuran, yang diadopsi dari Instruments: Recognition and Measurement,
IAS 39. PSAK ini, antara lain, menambah adopted from IAS 39. This SFAS, among other,
pengaturan kriteria instrumen lindung nilai yang provides additional provision for the criteria of not
tidak dapat dianggap telah kedaluarsa atau an expiration or termination of the hedging
telah dihentikan, serta ketentuan untuk instrument, and provision to account financial
instruments at the measurement date and after
mencatat instrumen keuangan pada tanggal
initial recognition
pengukuran dan pada tanggal setelah
pengakuan awal.
i. PSAK No. 60 (Revisi 2014), Instrumen Keuangan: i. SFAS No. 60 (Revised 2014), Financial
Pengungkapan, yang diadopsi dari IFRS 7. PSAK Instruments: Disclosures, adopted from IFRS 7.
ini, antara lain, menambah pengaturan This SFAS, among other, provides additional
pengungkapan saling hapus dengan informasi provision on offsetting disclosures with
kuantitatif dan kualitatif, serta pengungkapan quantitative and qualitative information, and
mengenai pengalihan instrumen keuangan. disclosures on transfers of financial instruments.
j. PSAK No. 65, Laporan Keuangan Konsolidasi, j. SFAS No. 65, Consolidated Financial
yang diadopsi dari IFRS 10. PSAK ini Statements, adopted from IFRS 10. This SFAS
menggantikan porsi PSAK No. 4 (Revisi 2009) replaces the portion of SFAS No. 4 (Revised
mengenai pengaturan akuntansi untuk laporan 2009) that addresses the accounting for
keuangan konsolidasian, menetapkan prinsip consolidated financial statements, establishes
penyusunan dan penyajian laporan keuangan principles for the presentation and preparation of
konsolidasian ketika entitas mengendalikan satu consolidated financial statements when an entity
atau lebih entitas lain. controls one or more other entities.
k. PSAK No. 66, Pengaturan Bersama, yang k. SFAS No. 66, Joint Arrangements, adopted from
diadopsi dari IFRS 11. PSAK ini menggantikan IFRS 11. This SFAS replaces SFAS No. 12
PSAK No. 12 (Revisi 2009) dan ISAK No. 12. (Revised 2009) and ISAK No. 12. This SFAS
PSAK ini menghapus opsi metode konsolidasi removes the option to account for jointly
proporsional untuk mencatat bagian ventura controlled entities using proportionate
bersama. consolidation.
l. PSAK No. 67, Pengungkapan Kepentingan dalam l. SFAS No. 67, Disclosure of Interest in Other
Entitas Lain, yang diadopsi dari IFRS 12. PSAK ini Entities, adopted from IFRS 12. This SFAS
mencakup semua pengungkapan yang diatur includes all of the disclosures that were previously
sebelumnya dalam PSAK No. 4 (Revisi 2009), in SFAS No. 4 (Revised 2009), SFAS No. 12
PSAK No. 12 (Revisi 2009), dan PSAK No. 15 (Revised 2009), and SFAS No. 15 (Revised
(Revisi 2009). Pengungkapan ini terkait dengan 2009). This disclosure relates to an entitys
kepentingan entitas dalam entitas-entitas lain. interests in other entities.
m. PSAK No. 68, Pengukuran Nilai Wajar, yang m. SFAS No. 68, Fair Value Measurement, adopted
diadopsi dari IFRS 13. PSAK ini memberikan from IFRS 13. This SFAS provides guidance on
panduan tentang bagaimana pengukuran nilai how to measure fair value when fair value is
wajar ketika nilai wajar disyaratkan atau diizinkan. required or permitted.
n. ISAK No. 26 (Revisi 2014), Penilaian Kembali n. ISAK No. 26 (Revised 2014), Reassessment of
Derivatif Melekat, yang diadopsi dari IFRIC 9. Embedded Derivatives, adopted from IFRIC 9.
ISAK ini memberikan panduan penilaian apakah This ISAK provides guidance on the
derivatif melekat disyaratkan untuk dipisahkan dari assessment of whether an embedded
kontrak utama dan dicatat sebagai suatu derivatif.
derivative is required to be separated from
the host contract and accounted for as a
derivative.
o. PSAK No. 101 (Revisi 2014), Penyajian Laporan o. SFAS No. 101 (Revised 2014), Sharia
Keuangan Syariah, mengatur dasar dalam Presentation Financial Statements, regulates
penyajian laporan keuangan bertujuan umum untuk basis for presentation of general purpose financial
entitas syariah. statements for sharia entity.


Bank dan Entitas Anak sedang mengevaluasi dan The Bank and Subsidiaries are presently evaluating
belum menentukan dampak dari Standar dan and have not determined the effects of these
Interprestasi tersebut terhadap laporan keuangan Standards and Interpretation on the consolidated
konsolidasian. financial statements.

The original supplementary financial information included herein is in the
INFORMASI KEUANGAN TAMBAHAN/SUPPLEMENTARY FINANCIAL INFORMATION

ENTITAS INDUK PARENT COMPANY
LAPORAN POSISI KEUANGAN STATEMENT OF FINANCIAL POSITION
Laporan keuangan Induk Perusahaan berikut ini, dimana tidak The following Parent Company-only financial statements,
termasuk saldo dari Entitas Anak, telah disajikan sesuai which exclude the balances of the Banks subsidiaries,
dengan kebijakan akuntansi yang konsisten dengan yang have been prepared using the accounting policies that are
digunakan pada laporan keuangan konsolidasian Bank, kecuali consistent with those applied to the Banks consolidated
untuk investasi pada Entitas Anak yang disajikan berdasarkan financial statements, except for investments in
harga perolehan. Informasi mengenai Entitas Anak subsidiaries, which have been presented at cost.
diungkapkan pada Catatan 1c atas laporan keuangan Information pertaining to subsidiaries is disclosed in
konsolidasian Bank. Note 1c to the Banks consolidated financial statements.
1 Januari/
January
2013/31
December December December
2014 2013 2012
ASET ASSETS
Kas 2.728.140 2.825.082 2.187.968 Cash

Giro pada Bank Indonesia 10.268.357 9.261.322 7.718.008 Current accounts with Bank Indonesia
Giro pada bank lain, Current accounts with other banks,
Rp2.700 pada tanggal 31 Desember 2014 31 December 2014 (31 December
(31 Desember 2013: Rp3.017 dan 2013: Rp3,017 and 1 January
1Januari 2013: RpNihil) 2013: RpNil)
- Pihak berelasi 285.348 501.863 216.428 Related parties -
Penempatan pada bank lain dan Placements with other banks and
Bank Indonesia, Bank Indonesia,
Rp4.963 pada tanggal 31 Desember 2014 31 December 2014 (31 December
1 Januari 2013: RpNihil) 2013: RpNil)
- Pihak berelasi 247.378 - - Related parties -
Efek-efek, Marketable securities,
penurunan nilai sebesar Rp21.442 losses of Rp21,442 as of
1Januari 2013: Rp20.781) 2013: Rp20,781)
Efek yang dibeli dengan janji dijual Securities purchased under resale
kembali 540.541 - 783.752 agreements
Tagihan derivatif 242.267 740.000 116.082 Derivative receivables
Pinjaman yang diberikan, Loans,
penurunan nilai sebesar Rp2.800.918 losses of Rp2,800,918
pada tanggal 31 Desember 2014 as of 31 December 2014
(31 Desember 2013: Rp2.312.387 dan (31 December 2013: Rp2,312,387
1 Januari 2013: Rp2.279.679) and 1 January 2013: Rp2,279,679)
- Pihak berelasi 23.070 26.933 14.611 Related parties -
Tagihan akseptasi Acceptances receivable
- Pihak berelasi 199 - - Related parties -
Obligasi Pemerintah 6.605.007 5.465.184 4.018.749 Government Bonds
Pajak dibayar dimuka 92.476 92.476 92.482 Prepaid tax
Investasi dalam saham 2.802.796 2.657.392 2.657.392 Investments in shares
Aset takberwujud, Intangible assets,
setelah dikurangi akumulasi amortisasi net of accumulated amortization of
sebesar Rp799.660 pada tanggal Rp799,660 as of 31 December
31 Desember 2014 (31 Desember 2013: 2014 (31 December 2013:
Rp681.198 dan 1 Januari 2013: Rp681,198 and 1 January
Rp558.980) 222.860 244.824 311.686 2013: Rp558,980)
Dipindahkan 158.020.138 146.685.648 125.541.628 Carried forward


LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
1 Januari/
January
2013/31
2014 2013 2012
Pindahan 158.020.138 146.685.648 125.541.628 Carried forward

Aset tetap, Fixed assets,
setelah dikurangi akumulasi net of accumulated depreciation
penyusutan sebesar Rp2.165.411 of Rp2,165,411 as of
pada tanggal 31 Desember 2014 31 December 2014
(31 Desember 2013: Rp1.825.780 dan (31 December 2013: Rp1,825,780
1 Januari 2013: Rp1.575.606) 1.970.196 1.877.065 1.667.746 and 1 January 2013: Rp1,575,606)
Aset pajak tangguhan, neto 1.073.523 946.198 851.235 Deferred tax assets, net
Beban dibayar dimuka dan aset lain-lain, Prepayments and other assets,
Rp24.615 pada tanggal 31 Desember 31 December 2014
dan 1 Januari 2013: Rp56.989) and 1 January 2013: Rp56,989)
JUMLAH ASET 163.244.951 152.021.037 130.474.521 TOTAL ASSETS


LAPORAN POSISI KEUANGAN (lanjutan) STATEMENT OF FINANCIAL POSITION (continued)
1 Januari/
January
2013/31
2014 2013 2012
LIABILITAS DAN EKUITAS LIABILITIES AND EQUITY
- Pihak berelasi 883.671 1.281.126 2.013.571 Related parties -
Simpanan dari bank lain Deposits from other banks
Efek yang dijual dengan janji Securities sold under repurchase
dibeli kembali 750.000 759.245 1.048.688 agreements
Utang akseptasi Acceptances payable
Efek yang diterbitkan 919.972 918.968 2.793.844 Securities issued
Pinjaman yang diterima 2.042.731 4.816.559 2.734.355 Borrowings
Utang pajak 104.246 126.501 139.828 Taxes payable
- Pihak berelasi 156 - - Related parties -
Beban yang masih harus dibayar
dan liabilitas lain-lain 3.111.515 3.091.750 3.066.138 Accruals and other liabilities
JUMLAH LIABILITAS 134.175.827 126.264.811 106.421.241 TOTAL LIABILITIES
EKUITAS EQUITY
Modal saham - nilai nominal sebesar Share capital - par value per share
Rp50.000 (nilai penuh) per saham of Rp50,000 (full amount)
untuk seri A for A series shares
dan Rp500 (nilai penuh) per saham and Rp500 (full amount)
untuk seri B for B series shares
Modal dasar - 22.400.000 saham seri A Authorized - 22,400,000 A series shares
dan 17.760.000.000 and 17,760,000,000
saham seri B B series shares
Modal ditempatkan dan disetor penuh - Issued and fully paid -
22.400.000 saham seri A dan 22,400,000 A series shares and
9.562.243.365 saham seri B 5.901.122 5.901.122 5.901.122 9,562,243,365 B series shares
Tambahan modal disetor 7.391.756 7.391.756 7.391.756 Additional paid-up capital
Modal disetor lainnya 189 189 189 Other paid-up capital
Komponen ekuitas lainnya 126.900 (39.888) 17.180 Other equity components
Saldo laba (setelah defisit sebesar Retained earnings (after deficit of
Rp32.968.831 dieliminasi melalui Rp32,968,831 was eliminated
kuasi-reorganisasi tanggal through quasi-reorganization on
1 Januari 2001) 1 January 2001)
- Sudah ditentukan penggunaannya 276.578 236.161 196.043 Appropriated -
- Belum ditentukan penggunaannya 15.372.579 12.266.886 10.546.990 Unappropriated -
Jumlah saldo laba 15.649.157 12.503.047 10.743.033 Total retained earnings
JUMLAH EKUITAS 29.069.124 25.756.226 24.053.280 TOTAL EQUITY
JUMLAH LIABILITAS DAN EKUITAS 163.244.951 152.021.037 130.474.521 TOTAL LIABILITIES AND EQUITY


LAPORAN LABA RUGI KOMPREHENSIF STATEMENT OF COMPREHENSIVE INCOME
2014 2013
PENDAPATAN DAN BEBAN OPERATING INCOME AND

OPERASIONAL EXPENSES
Pendapatan bunga 16.466.792 14.440.372 Interest income
Beban bunga (7.062.309) (4.951.149) Interest expense
Pendapatan bunga neto 9.404.483 9.489.223 Net interest income
PENDAPATAN OPERASIONAL OTHER OPERATING

LAINNYA INCOME
Pendapatan provisi dan komisi lain 1.070.862 1.087.862 Other fees and commission income
Imbalan jasa 1.190.042 1.088.460 Fees
(Kerugian)/keuntungan dari perubahan
nilai wajar atas instrumen keuangan (Losses)/gains from changes in fair
yang diukur pada nilai wajar value of financial instruments at fair
melalui laporan laba rugi - neto (126.583) 79.796 value through profit or loss - net
Keuntungan yang telah direalisasi Realized gains from
atas instrumen derivatif - neto 13.229 207.572 derivative instruments - net
Kerugian atas transaksi Losses from foreign
dalam mata uang asing (7.198) (138.562) exchange transactions
Keuntungan penjualan Gains on sale of
efek-efek dan marketable securities
Obligasi Pemerintah - neto 35.569 (3.366) and Government Bonds - net
Pendapatan dividen 2.798.788 909.323 Dividend income
4.974.709 3.231.085
BEBAN OPERASIONAL OTHER OPERATING
LAINNYA EXPENSES
Beban provisi dan komisi (345.486) (353.242) Fees and commissions expense
Beban umum dan administrasi (2.565.093) (2.674.048) General and administrative expenses
Beban tenaga kerja dan tunjangan (3.695.886) (3.619.047) Salaries and employee benefits
Kerugian penurunan nilai (2.321.349) (2.187.172) Profision for impairment losses
Lain-lain (253.439) (207.913) Others
(9.181.253) (9.041.422)
PENDAPATAN OPERASIONAL NETO 5.197.939 3.678.886 NET OPERATING INCOME
PENDAPATAN DAN BEBAN NON-OPERATING

BUKAN OPERASIONAL INCOME AND EXPENSES
Pendapatan bukan operasional 37.444 25.212 Non-operating income

Beban bukan operasional (314.235) (24.993) Non-operating expenses
PENDAPATAN (BEBAN) NON-OPERATING

BUKAN OPERASIONAL - NETO (276.791) 219 INCOME (EXPENSES) - NET
LABA SEBELUM PAJAK PENGHASILAN 4.921.148 3.679.105 INCOME BEFORE INCOME TAX
BEBAN PAJAK PENGHASILAN (562.581) (715.451) INCOME TAX EXPENSE
LABA BERSIH 4.358.567 2.963.654 NET INCOME


LAPORAN LABA RUGI KOMPREHENSIF STATEMENT OF COMPREHENSIVE INCOME
2014 2013
Pendapatan Komprehensif Lain: Other Comprehensive Income:
Aset keuangan tersedia untuk dijual: Available-for-sale financial assets:

Keuntungan/(kerugian) tahun berjalan 216.487 (112.630) Gains/(losses) in current years
Jumlah yang ditransfer ke laba rugi Amounts transferred to profit or
sehubungan dengan perubahan loss in respect of fair
nilai wajar (9.531) (5.157) values changes
Arus kas lindung nilai: Cash flow hedges:

Bagian efektif atas perubahan Effective portion on fair value
nilai wajar instrumen derivatif changes of derivative instruments
untuk lindung nilai arus kas (22.616) 31.273 for cash flow hedges
Pajak penghasilan terkait dengan Income tax relating to components

komponen pendapatan komprehensif lain (17.552) 29.446 of other comprehensive income
Pendapatan komprehensif Other comprehensive income,

lain, setelah pajak 166.788 (57.068) net of tax
TOTAL COMPREHENSIVE
JUMLAH LABA KOMPREHENSIF 4.525.355 2.906.586 INCOME
LABA BERSIH PER SAHAM DASAR BASIC EARNINGS PER SHARE

(NILAI PENUH) 454,74 309,21 (FULL AMOUNT)

The original supplementary financial information included herein is in the Indonesian language.

LAPORAN PERUBAHAN EKUITAS STATEMENT OF CHANGES IN EQUITY
yang belum direalisasi atas
efek-efek, Saldo laba/
Obligasi Pemerintah dan Bagian Retained earnings
investasi dalam saham dalam efektif atas perubahan
kelompok tersedia untuk dijual- nilai wajar instrumen
neto/Unrealized derivatif untuk lindung
gains/(losses) on available-for- nilai arus kas/ Effective
Tambahan Modal disetor sale marketable securities, portion on fair value
modal disetor/ lainnya/ Government changes of derivative Sudah ditentukan Belum ditentukan
Modal saham/ Additional Other paid-up Bonds and instruments for cash penggunaannya/ penggunaannya/ Jumlah ekuitas/
Share capital paid-up capital capital investments in shares-net flow hedges Appropriated Unappropriated Total equity
Saldo pada tanggal 31 Desember 2013 5.901.122 7.391.756 189 (71.161) 31.273 236.161 12.266.886 25.756.226 Balance as of 31 December 2013

Laba bersih tahun berjalan - - - - - - 4.358.567 4.358.567 Net income for the year

Effective portion on derivative

Bagian efektif atas instrumen instruments for cash flow
derivatif untuk lindung nilai arus kas - - - - (24.780) - - (24.780) hedges
Keuntungan yang belum direalisasi Unrealized gains on available

Pemerintah dalam kelompok securities and Government
tersedia untuk dijual - neto - - - 191.568 - - - 191.568 Bonds - net

Jumlah pendapatan komprehensif lain - - - 191.568 (24.780) - - 166.788 income

tahun berjalan - - - 191.568 (24.780) - 4.358.567 4.525.355 for the year
Appropriation for general and

Pembentukan cadangan umum dan wajib - - - - - 40.417 (40.417) - legal reserve
Pembagian dividen tunai - - - - - - (1.212.457) (1.212.457) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2014 5.901.122 7.391.756 189 120.407 6.493 276.578 15.372.579 29.069.124 Balance as of 31 December 2014

The original supplementary financial information included herein is in the Indonesian language.

LAPORAN PERUBAHAN EKUITAS (lanjutan) STATEMENT OF CHANGES IN EQUITY (continued)
yang belum direalisasi atas
efek-efek, Saldo laba/
Obligasi Pemerintah dan Bagian Retained earnings
investasi dalam saham dalam efektif atas perubahan
kelompok tersedia untuk dijual- nilai wajar instrumen
neto/Unrealized derivatif untuk lindung
gains/(losses) on available-for- nilai arus kas/ Effective
Tambahan Modal disetor sale marketable securities, portion on fair value
modal disetor/ lainnya/ Government changes of derivative Sudah ditentukan Belum ditentukan
Modal saham/ Additional Other paid-up Bonds and instruments for cash penggunaannya/ penggunaannya/ Jumlah ekuitas/
Share capital paid-up capital capital investments in shares-net flow hedges Appropriated Unappropriated Total equity
Saldo pada tanggal 31 Desember 2012 5.901.122 7.391.756 189 17.180 - 196.043 10.546.990 24.053.280 Balance as of 31 December 2012

Laba bersih tahun berjalan - - - - - - 2.963.654 2.963.654 Net income for the year

Effective portion on derivative

Bagian efektif atas instrumen instruments for cash flow
derivatif untuk lindung nilai arus kas - - - - 31.273 - - 31.273 hedges
Kerugian yang belum direalisasi Unrealized losses on available

Pemerintah dalam kelompok securities and Government
tersedia untuk dijual - neto - - - (88.341) - - - (88.341) Bonds - net

Jumlah pendapatan komprehensif lain - - - (88.341) 31.273 - - (57.068) income

tahun berjalan - - - (88.341) 31.273 - 2.963.654 2.906.586 for the year
Appropriation for general and

Pembentukan cadangan umum dan wajib - - - - - 40.118 (40.118) - legal reserve
Pembagian dividen tunai - - - - - - (1.203.640) (1.203.640) Distribution of cash dividends
Saldo pada tanggal 31 Desember 2013 5.901.122 7.391.756 189 (71.161) 31.273 236.161 12.266.886 25.756.226 Balance as of 31 December 2013


LAPORAN ARUS KAS STATEMENT OF CASH FLOWS
2014 2013
Arus kas dari kegiatan operasi: Cash flows from operating activities:
Pendapatan bunga, provisi, dan komisi 17.110.901 15.111.180 Interest income, fees, and commissions
Pembayaran bunga, provisi, dan Payments of interest, fees, and
komisi (7.151.374) (5.360.251) commisssions
Pendapatan operasional lainnya 1.191.225 1.088.466 Other operating income
(Kerugian)/keuntungan dari transaksi (Losses)/gains from foreign
mata uang asing - neto (267.556) 790.566 exchange transactions - net
Beban operasional lainnya (5.938.042) (5.865.865) Other operating expenses
Beban bukan operasional - neto (8.626) (4.453) Non-operating expenses net
Arus kas sebelum perubahan dalam Cash flows before changes in
aset dan liabilitas operasi 4.936.528 5.759.643 operating assets and liabilities
Perubahan dalam aset dan liabilitas Changes in operating assets and

operasi: liabilities:
Penurunan/(kenaikan) aset operasi: Decrease/(increase) in operating assets:
Penempatan pada bank lain Placements with other banks and
dan Bank Indonesia - jatuh Bank Indonesia - maturing more
tempo lebih dari 3 bulan sejak than 3 months from the date
tanggal perolehan (1.496.880) 316.706 of acquisition
Efek-efek dan Obligasi Pemerintah - Marketable securities and
diperdagangkan (455.028) (12.018) Government Bonds - trading
dijual kembali (540.541) 783.752 resale agreements
Pinjaman yang diberikan (5.088.661) (12.069.030) Loans
aset lain-lain 315.758 1.144 Prepayments and other assets
Kenaikan/(penurunan) liabilitas Increase/(decrease) in operating
operasi: liabilities:
Simpanan dari bank lain 730.417 (1.129.263) Deposits from other banks
Beban yang masih harus dibayar Accruals and other
dan liabilitas lain-lain (537.154) 81.542 liabilities
Pembayaran pajak penghasilan Income tax paid during
selama tahun berjalan (729.129) (794.926) the year
Kas neto diperoleh dari Net cash provided by operating
kegiatan operasi 3.675.572 7.386.270 activities


LAPORAN ARUS KAS (lanjutan) STATEMENT OF CASH FLOWS (continued)
2014 2013
Arus kas dari kegiatan investasi: Cash flows from investing activities:
Pembelian efek-efek dan Obligasi Acquisition of marketable securities
Pemerintah - dimiliki hingga jatuh tempo and Government Bonds - held to
dan tersedia untuk dijual (11.634.251) (8.724.526) maturity and available-for-sale
Hasil penjualan efek-efek dan Obligasi Proceeds from sales of marketable
Pemerintah - dimiliki hingga jatuh tempo securities and Government Bonds -
dan tersedia untuk dijual 10.522.070 7.143.784 held-to-maturity and available-for-sale
Pembelian aset tetap (667.668) (716.064) Acquisition of fixed assets
Hasil penjualan aset tetap 65.333 58.194 Proceeds from sale of fixed assets
Penerimaan dividen kas 2.798.788 909.323 Receipt of cash dividend
Kas neto diperoleh dari/(digunakan Net cash provided by/(used in)

untuk) kegiatan investasi 1.084.272 (1.329.289) investing activities
Arus kas dari kegiatan pendanaan: Cash flows from financing activities:
Kenaikan pinjaman yang diterima (2.773.828) 2.082.205 Increase in borrowings
Kenaikan efek yang dijual dengan Increase in securities sold
janji dibeli kembali (9.245) (289.443) under repurchase agreements
Pembayaran pokok obligasi - (1.879.000) Payments of principal on bonds issued
Pembayaran dividen kas (1.212.457) (1.203.640) Payments of cash dividends

kegiatan pendanaan (3.995.530) (1.289.878) financing activities
Kenaikan Net increase in cash

kas dan setara kas - neto 764.314 4.767.103 and cash equivalents

awal tahun 22.742.908 17.975.805 the beginning of year

akhir tahun 23.507.222 22.742.908 the end of year
Kas dan setara kas terdiri dari: Cash and cash equivalents consist of:
Kas 2.728.140 2.825.082 Cash
Giro pada Bank Indonesia 10.268.357 9.261.322 Current accounts with Bank Indonesia
Giro pada bank lain 4.536.801 5.062.427 Current accounts with other banks
Penempatan pada bank lain dan Bank Placements with other banks and Bank
Indonesia - jatuh tempo sampai dengan Indonesia - maturing within 3 months
3 bulan sejak tanggal perolehan 5.973.924 5.594.077 from the date of acquisition
Jumlah kas dan setara kas 23.507.222 22.742.908 Total cash and cash equivalents

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Made from recycled paper processed by Danamons SME customer, Dibuat dari kertas daur ulang hasil pengolahan nasabah UKM
which used paper waste from Danamons operations. Danamon, yang menggunakan sampah kertas operasional Danamon.
Annual Report
2014 PT Bank Danamon Indonesia, Tbk.
Managing Challenges, Transforming for

Sustainability
Annual Report 2014
Sustainability
2014 Managing Challenges, Transforming for
Annual Report

Menara Bank Danamon
Jl. Prof. Dr. Satrio Kav. E-IV No. 6
Tel. 62 21 5799 1001-03
Fax. 62 21 5799 1160-61
www.danamon.co.id

Bank Danamon Indonesia - 2014 Annual Report

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PT Bank Danamon Indonesia, Tbk.

2014 PT Bank Danamon Indonesia, Tbk.

Managing Challenges, Transforming for

PT Bank Danamon Indonesia, Tbk.

Aware of the challenges ahead, Danamon has taken an

This Annual Report is available in Bahasa Indonesia and English.

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 1

06 Highlights 86 Operational Area

84 Vision, Mission and Values 141 Wholesale Banking

2 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

144 Treasury, Capital Markets and 191 Impact of Changes on Interest

181 Funding 197 Employee Share Ownership

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 3

207 Changes of Tax Regulations in 403 Committees Under the Board of

4 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

Business Review Functional Business Corporate Governance Corporate Social Respon-

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 5

Customer Deposits Rp billion

CoC and NPL have been

6 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 7

2014 Performance Highlights

Appropriation of Net Profits

Danamon maintain 30% Payout Ratio.

Danamons 2014 Annual General Meeting of Shareholders approved

8 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

Pillar 1 Pillar 2 Pillar 3

In accordance to Bank Indonesias regulation,

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 9

Danamon continues to strengthen micro

10 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 11

Danamon constantly implements careful

12 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

Pesona Pasar Terapung

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 13

CONSOLIDATED INCOME STATEMENTS

14 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

(In Billions of Rupiah except Share Data)

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 15

(In Billions of Rupiah except Share Data)

16 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

Net Operating Income CASA Ratio to TPF

2010 2011 2012 2013 2014

Gross NPL Net Profit After Tax

3.0 4,117 4,159

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 17

Loans Customer Deposits

2.7 2.7 18.1

2010 2011 2012 2013 2014

18 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

SOURCES AND UTILIZATION OF ZIS FUNDS

SOURCES AND UTILISATION OF QARDH FUNDS

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 19

TABLE OF MARGIN DISTRIBUTION FOR THE MONTH OF DECEMBER 2014

20 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report

2012 2011 2010

3,056 26 0.00 - - 3,013 33 - - - 4,777 39 - - -

8,721 74 13.00 10 1.30 4,004 43 13.00 6 1.66 2,330 19 20.00 4 1.97

2014 Annual Report PT Bank Danamon Indonesia, Tbk. 21

Shares and Bonds Highlights

Volume and Share Price

22 PT Bank Danamon Indonesia, Tbk. 2014 Annual Report