Good
Governance
and
Innovation:
O
ur
Fou
nda
t ion f
or S ust ainabilit
y D
ev
elo
pm
Consist ent implement at ion of Good Corporat e
Governance (GCG) has led t he Bank’s
operat ions, enabling it t o gain st akeholders’
t rust and t o increase it s corporat e value, as w ell
as t o ensure a sust ainable grow t h.
By upholding t he GCG principles, BRI is
5.15
%
*
ROA
59.93
%
Operating Expense t
o
Operating Income
C onsist ent implement at ion of
C or porat e G overnance
has support ed
our sust ainable business per formance.
In 2012, w it h consist ent implement at ion
of t he principles of Good Corporat e
Governance, alongside w it h operat ional
ef fi ciency, t he Bank had scored qualit y
asset grow t h, mirrored by a high
profi t abilit y fi gure. As such, t he Bank
had maint ained it self as one of t he
most profi t able banks in Indonesia, as
it is refl ect ed on it s - higher - t han -
Third Part y Fund
s
17.15
%
Loa n G r owt h
22.92
%
N P L (G r oss)
1.83
qualit y asset growt h.
Led by t he pr i nci pl es of
Good Cor por at e Gover nance,
t he Bank had appl i ed
pr udent cr edi t pol i ci es i n
pur sui ng pot ent i al busi ness
pr ospect s, r esul t i ng i n a
qual i t y asset gr ow t h.
This qualit y asset s grow t h
support ed by st ruct urally
healt hy t hird part y f unds, as it
is refl ect ed by t he dominance
of low cost f unds w hich
±
42
million
Tot a l C u
st omers ’
sust ainable gr owt h.
Amid increasing compet it ions
in Indonesia’s banking indust ry,
BRI ret ains it s st rong capacit ies,
bot h in f unds raising and
loans disbursement . Those
accomplishment s are root ed f rom
t he implement at ion of Good
We pr ovide comprehensive and
qualit y banking services support ed
by a widespread business net wor k.
BRI is bolst ering it s posit ion as t he biggest
commercial bank w it h diverse range of
accessible, comprehensive, and qualit y
product s and services t o cat er t he needs of
t he people, w herever t hey are.
The pract ice of Good Corporat e
Governance has cont ribut ed t o t he
development of high qualit y product s and
services. This achievement is support ed
by a w idespread business net w ork
G ood C or porat e G over nance
pr ovides t he best result s
BRI successf ully recording qualit y
grow t h and laying a st rong
f oundat ion f or sust ainable
grow t h by employing Good
Corporat e Governance, reliable
IT inf rast ruct ure, as w ell as, by
developing human resources’
compet ency and int egrit y.
Such endeavors are aimed t o
increase cust omers’ loyalt y and
t o give opt imal ret urns f or
st akeholders.
C ompos it e
Va lue
S elf- As s e
s s ment
G CG
Financial Highlight s
Tot al Earning Asset s 228,781 299,063 379,696 432,647 499,042
Loan-Gross 161,108 208,123 252,489 294,515 362,007
Government Recap Bonds 16,352 15,027 13,626 8,996 4,316
Tot al Liabilit ies 223,720 289,690 367,612 420,079 486,455
Third Part y Funds 201,537 255,928 333,652 384,264 450,166
- Demand Deposit s 39,923 50,094 77,364 76,779 80,075
- Saving Deposit s 88,077 104,463 125,990 154,133 184,365
- Time Deposit s 73,538 101,371 130,298 153,353 185,726
Ot her Int erest Bearing Liabilit ies 7,599 21,284 17,297 19,361 15,784
Capit al/Equit y 22,357 27,257 36,673 49,820 64,882
Ot her Operat ing Expenses (10,997) (11,960) (16,114) (17,086) (19,491)
Provision f or impairment losses on fi nancial asset s - net (2,844) (5,799) (7,917) (5,533) (2,700)
Income bef ore Tax 8,822 9,891 14,908 18,756 23,860
Net Income 5,958 7,308 11,472 15,088 18,687
Income f or t he year at t ribut able t o Equit y holders of t he Parent Ent it y N/A N/A 11,472 15,083 18,681
Income f or t he year at t ribut able t o Non-cont rolling int erest N/A N/A Nil 5 6
Tot al Comprehensive Income f or t he year N/A N/A 11,559 15,296 18,681
Total Comprehensive Income for the year attributable to Equity holders of the Parent Entity N/A N/A 11,559 15,288 18,652 Tot al Comprehensive Income f or t he year at t ribut able t o Non-cont rolling int erest N/A N/A Nil 8 29
Earning per-share (Rp) 248,50 304,75 478,36 628,91 778,93
Financial Ratios Bank number only
Capital
Capit al Adequacy Rat io (CAR)* 13.18% 13.20% 13.76% 14.96% 16.95%
Earning Assets
Earning Asset s & Non Perf orming Asset s t o Tot al Earning Asset s and Non
Perf orming Asset N/A 2.59% 2.19% 1.79% 1.19%
Non Perf orming Earning Asset s 2.18% 2.68% 2.24% 1.85% 1.46%
Allow ance f or Possible Losses t o Earning Asset s N/A 4.29% 4.58% 4.51% 3.43%
Non Perf orming Loans (NPL Gross) 2.80% 3.52% 2.78% 2.30% 1.78%
Profitability
ROA 4.18% 3.73% 4.64% 4.93% 5.15%
ROE 34.50% 35.22% 43.83% 42.49% 38.66%
NIM 10.18% 9.14% 10.77% 9.58% 8.42%
BOPO (Operat ing Expenses t o Operat ing Income) 72.65% 77.66% 70.86% 66.69% 59.93%
Liquidity
LDR 79.93% 80.88% 75.17% 76.20% 79.85%
Compliance
Violat ion of Legal Lending Limit (LLL)
- Relat ed Part ies Nil Nil Nil Nil Nil
- Third Part ies Nil Nil Nil Nil Nil
Excess of Legal Lending Limit (LLL)
- Relat ed Part ies Nil Nil Nil Nil Nil
- Third Part ies Nil Nil Nil Nil Nil
St at ut ory Reserves 5.57% 5.90% 8.05% 9.33% 10.64%
Net Open Posit ion 13.55% 5.22% 4.45% 5.49% 3.00%
Not e:
2011
Operat ing Expenses t o Operat ing Income
2 012 E vent Highlight s
January
M arch
February
April
June
M ay
Financial Lect ure:Post -Invest ment Grade What ’s Next ?
18
BRIzzi Product Launching in Bali
8
2011 Review & 2012 Out look Seminar – Through perf ormance accelerat ion, SOEs are prepared t o f ace crisis
25
Grand opening of BRI Priorit y Banking Services in Regional Of fi ce of Yogyakart a
6
Signing of M oU bet w een BRI and Indust rial Bank of •
Korea
Signing of Let t er of Int ent bet w een BRI and Banco •
Nacional Comercial De Timor Lest e
1
Present at ion of BRI Financial Perf ormance 2011 •
Signing of M oU on Land and Building Tax management bet w een •
BRI and Bogor M unicipal Government
28
Signing of syndicat ed loan on Gempol-Pasuruan Toll Road project
1
BRI-SOEs CSR program “ Berbagi Kacamat a”
26
BRI Annual General M eet ing of Shareholders 2012
28
Signing of M oU bet w een BRI and t he Public Housing M inist ry
14
Adikriya Exhibit ion
7
Signing of invest ment loan bet w een BRI and Pet rokimia Gresik
27
October
September
December
November
BRI M obile product launching
2
BRI Public Expose 2012
28
Indocomt ech Exhibit ion (Oct ober 31 - November 4, 2012)
4
Visit f rom Sout h Af rica’s Chamber of Trade and Indust ry
16
2012 Int ernat ional M irofi nance Conf erence in Yogyakart a
22-23
BRI CSR Scholarships Aw ards t o Universit as Terbuka St udent s
4
BRI CSR on Smart Boat s Educat ion program (Pengadaan Kapal Pint ar)
10
Family Day in celebrat ing BRI’s 117t h anniversary
23
Sunday Fest ival
16
10
BRI CSR: Breaking of Fast (Ramadhan) w it h 3,500 orphans15
BRI CSR: The visit and scholarship program t o t heAwards and Cert if icat ions
Best Bank in 5 Consecutive Years Invest or M agazine
Best of the year 2011 for Indonesia The Banker Aw ard 2011 Forbes Global 2000
One of The World’s Biggest Public Companies
Forbes
The M ost Valuable Brand in Indonesia
Product Category: Banks SWA
Banking Service Excellence Aw ard 2012 5th Overall Performance for
Commercial Bank M RI & Inf obank
Banking Service Excellence Aw ard 2012 1st Best SM S Banking
M RI & Inf obank
B R I’s ach
ievement s
t hr oughout
2 012 hav
e
ear ned var
ious award
s fr om
ext er nal, i
ndependent
part ies
Top 10 out of 300 banks w ith best ROE in Asia and 10 biggest banks
Kesetiakaw anan Aw ard 2012 in Financial Institution
Category
M inist ry of Social Aff airs of t he Republic of Indonesia 25 Listed Companies in Sustainable
Responsible Investment (SRI) KEHATI Index Indonesian Biodiversit y Foundat ion
Service Quality Aw ard 2012 for BRI Prioritas
Carre
Cert ifi cat ions
ISO 9001:2008 SNI ISO 9001:2008
BRI’s Sent ra Operasi (Cent re of Operat ions Division) has been operat ing under a Qualit y M anagement Syst em, in line w it h t he ISO 9001:2008 f or Provision of Payment Syst em by RTGS, Clearing and Remit t ance. It received cert ifi cat ion f rom Lloyd’s Regist er Qualit y Assurance on December 12 2012. The cert ifi cat e w ill be valid unt il December 12, 2015
C ont ent s
Financial Highlight s 12 2012 Event Highlight s 14 Aw ards and Cert ifi cat ions 16
M anagement Reports 21
Report of t he President Commissioners 22 2012 Report on t he Supervisory Dut ies of Statement of Responsibility for 2012 Annual Report 44
Company Profile 46 Operat ional Area M ap/Net w ork 56 Organizat ional St ruct ure 60 M anagement St ock Opt ion Plan 69 Composit ion of Shareholders 70 Capit al M arket and Share Perf ormance 71
Dividends and Dividend Policy 72 Subordinat ed Bonds 73
Operational Overview 74
Prospect s and General St rat egies 76 Human Resources M anagement 78 M arket ing 86 Inf ormat ion Technology 94 Cent er of Operat ions 96 Fixed Asset M anagement and Procurement of Goods Services
Treasury Business and Capit al M arket Support Services
210
PT Bank BRI Syariah 210
PT Bank Rakyat Indonesia Agroniaga Tbk. 212
BRI Remit t ance Co.Lt d 213
Corporate Governance 214
The Aim of Corporat e Governance Implement at ion
216 GCG Assessment 217 GCG Implement at ion Road M ap 219 Corporat e Governance Guidelines, St ruct ure and Policies
221 General M eet ing of Shareholders 228 Relat ionship bet w een t he Commissioners and t he Direct ors Code of Conduct s and Corporat e Cult ure 289 Whist leblow ing Syst em 294 Legal Cases 297
Corporate Social Responsibility 299
Basis and Commit ment 300 Responsibilit y t ow ard Consumers/Cust omers 302 Responsibilit y f or M anpow er, Healt h and
Saf et y at Work
306
309 Responsibilit y t ow ard t he Communit y 310 CSR Program 312
Corporate Data 316
Profi le of Board of Commissioners 318 Profi le of Board of Direct ors 322 Profi le of Board of Commissioners’ Commit t ees 326 Senior Execut ives 329 Consolidat ed Comprehensive Profi t and Loss Report
343 Consolidat ed Report on Changes in Equit y 346 Consolidat ed Cash fl ow Report 349 Not es on Consolidat ed Financial Report 351
Appendix 529
Press Release 2012 529 Correspondence w it h Bapepam-LK and IDX 532 Bapepam-LK Ref erence 536
B apepam-LK R
eference
BRI’s success in maint aining
it s qualit y grow t h has assist ed
t he bank t o reach opt imum
perf ormance and creat e
a st rong f oundat ion f or
sust ainable grow t h.
Tot a l CAR
Tier1 CAR
15.86
%
*
16.95
%
*
R eport of The President C ommissioner
he year 2012 w as marked by a prudent
expansion, carried out in line w it h Good
Corporat e Governance principles and
support ed by t he lat est inf ormat ion t
echnology-based net w ork development . All t hose at t empt s
w ere result ing in a commendable rise of net
profi t by 23.86% t o Rp18.69 t rillion, coming
f rom an increase in net int erest income and
higher loan out st anding, improvement s in loan
qualit y and operat ional ef fi ciency, and grow ing
f ee-based income cont ribut ion.
T
Assalamualaikum Wr. Wb.
We give t hanks t o Allah SWT f or His blessings, w hich enabled t he Bank t o achieve an out st anding perf ormance in 2012.
B unas or S anim
The Bank’s perf ormance had increased signifi cant ly in 2012 compared t o t he previous year. It is refl ect ed in 2012 fi nancial highlight s and fi nancial rat ios, such as, an increase of 17.33% on t ot al asset s t o Rp551,34 t rillion, an increase of 22.92% of loan out st anding t o Rp362,01 t rillion, grow t h of t hird-part y f unds by 17.15% t o Rp450,17 t rillion, a rise in net int erest income by 5.97% t o Rp36,48 t rillion, an increase in net profi t af t er t ax by 23,86% t o Rp18,69 t rillion and a decline in NPL gross f rom 2.32% in 2011 t o 1.83% . In addit ion, t hanks t o an increase of sophist icat ed inf ormat ion t echnology, t he company w elcomed 977 new out let s, composed of 15 branches, 43 sub-branches, 125 BRI Unit s, 44 Cash of fi ces, 500 TerasBRI, and 250 M obile TerasBRI. The Board of Commissioners w ould like t o express it s appreciat ion t o all of t he Bank’s employees and st akeholders f or t heir hard w ork and support t hroughout 2012 t hat has improved t he Bank’s perf ormance.
Indonesia is f orecast ed t o experience high economic grow t h in 2013 due t o t he domest ic market pot ent ial, w hich act as a pull f act or f or invest ment , grow ing domest ic demand, availabilit y of good public inf rast ruct ures as priorit y in government spending, and low level infl at ion. Relat ed t o t he inf ormat ion above, t he Board of Commissioners is opt imist ic t hat t he Bank’s perf ormance in 2013 w ill be fi ner t han 2012 result s.
The company’s 2013 Dest inat ion St at ement is t o become “ The Bank w it h t he Best M icro, Small and M edium segment s Grow t h in Indonesia” . This is in line w it h t he Board of Commissioners’ concern of t he business w hich becoming more compet it ive and dynamic. M oreover, t he Bank’s st at us as a list ed company requires all employees t hroughout Indonesia t o maximize t heir pot ent ial in carrying-out t heir t asks in order t o make t his st at ement int o realit y.
In 2013, t he Board of Commissioners w ill endeavor t o increase t he qualit y of our monit oring, w hile also w orking in harmony w it h t he Board of Direct ors, as st ipulat ed in t he Company’s Regulat ions and exist ing rules of law.
I pray t hat Allah SWT w ill alw ays gives His st rengt h and guidance t o us and may ease t he w ay f or us all. Aamiin.
Wassalamualaikum Wr. Wb.
Bunasor Sanim
Forew ords
The Bank’s Board of Commissioners commit ment t o it s dut ies on supervisory role t hroughout t he year 2012 is present ed in t he Bank’s Annual Report . From t his report , st akeholders can ret rieve relevant inf ormat ion on t he act ivit ies of t he Board of Commissioners in it s Governance principles and risk management are carried out appropriat ely in all of t he organizat ion’s unit s and t he opt imalizat ion of t he Company’s operat ional act ivit ies in providing banking services.
The Board of Commissioners implement s act ive supervising by periodically discussing perf ormance achievement s and carrying out visit s t o w orking unit s and passive supervising t hrough evaluat ion and analyzing t he bank’s operat ions based on submit t ed report s. In carrying out t hese supervisory t asks, it is support ed by Commit t ees f ormed by t he board it self . The commit t ees are t he Audit Commit t ee, t he Risk M anagement Supervisory Commit t ee and t he Nominat ions and Remunerat ions Commit t ee.
The 2012 Report f or t he Board of Commissioner’s supervisory dut y present ed in t his Annual Report out lines t he Supervisory Recommendat ions and t he Company’s 2012 Perf ormance Achievement s.
Supervisory Recommendations
The Board of Commissioners support s t he Board of Direct ors’ st rat egies and policies in loan expansion t hrough employing t he t rickle-dow n business
The Board of Commissioners const ant ly provides input s and recommendat ions f or t he Bank t o should be carried out t hrough t horough analysis, in accordance w it h exist ing regulat ions as w ell as w it h t he most f avorable t erms and condit ions t hat best benef it s t he company.
2 012 R eport on t he S upervisor y
3. Income and Expenses
encourages t he Bank t o improve it s ef fi ciency.4. Capitalization
Theref ore, t he Board of Commissioners consist ent ly pays more at t ent ion t o t he management of human resources. In 2012, t he Board provided t he company’s management w it h a number of recommendat ions regarding t he management of human resources. These suggest ions include accelerat ing t he employee recruit ment process in order t o support business grow t h, improving t he qualit y of human resources t hrough educat ion and t raining as w ell as int ensif ying t he int ernalizat ion and implement at ion of t he corporat e cult ure.The Board of Commissioners consist ent ly
emphasizes on t he import ance of experience along w it h compet ence and leadership qualit y of BRI’s human resources. The Board of Commissioners pays special at t ent ion t o t he development of new employees’ compet ency considering t heir pot ency as prof essional bankers in t he f ut ure.
The Board also support s t he policy improvement relat ed t o t he human resources and it s implement at ion t o support t he Bank’s business st rat egy. The Board underlines t he need t o increase t he role of Inf ormat ion Technology t hrough providing f acilit ies t o support t he Bank’s human resources in carrying out t he Bank’s operat ions. This is necessary t o increase t he product ivit y and perf ormance of human capit al.
6. Information Technology
The Board considers Inf ormat ion Technology as an import ant aspect in improving ef fi ciency and service qualit y t o t he cust omers. Theref ore, it is necessary t o emphasize t he f ocus on:
9. Capital Expenditure
The capit al expendit ure budget should be designed in accordance w it h t he 2012 project plans. M oreover, t he budget f or Capit al Expendit ure should be f ully ut ilized in order t o enhance t he qualit y of service t o cust omers.
10. Office Netw orks
The opening of new operat ing unit should be w ell coordinat ed among t he relevant direct orat es. This is t o ensure t he operat ional ef fi ciency and bet t er synchronizat ion t o support t he achievement of t he w orking unit t arget . Such coordinat ions, includes:
a. Human Resources. This requires act ive
coordinat ion among w orking unit s in manning analysis as w ell as det ermining and f ulfi lling t he human resources’ f ormat ion.
b. Inf ormat ion Technology. This involves
Inf ormat ion Syst em Technology Division, Logist ics and Fixed Asset s M anagement Division, M icro Businesses Net w ork Division, Ret ail Business Net w ork Division and relat ed Working Unit w orking t oget her t o provide suf fi cient e-channels.
c. Support ing Logist ics. This involves procurement of land, building, f acilit ies and of fi ce equipment by Logist ic and Fixed Asset s M anagement Division and t he relat ed Working Unit s.
11. Partnership Program and Community
Development (PKBL)
All relat ed Working Unit s should ensure t hat t he PKBL f unds is channeled and used opt imally w hile also adhering t o prevailing regulat ions. In addit ion, t he record-keeping and account abilit y f or t he f rom Rp469.90 t rillion in December 2011. b. Loan out st anding of Rp362.01 t rillion, an
increase of 22.92% f rom Rp294.52 t rillion in December 2011.
c. Third part y f unds of Rp450.17 t rillion, increasing by 17.14% f rom Rp384,26 t rillion in December 2011.
2. Profitability
The Bank’s profi t abilit y perf ormance remained st rong, refl ect ed by it s achievement of Rp18.69 t rillion net profi t in 2012, w here loan disbursement and improving loan qualit y remained as t he main drivers of t he profi t .
3. Capitalization
The Bank’s CAR st ood at 16.95% - above t he cent ral bank’s minimum rat io of 8% . The Bank’s capit al is dominat ed by mainly net profi t -derived core capit al, t hus demonst rat ing a very healt hy capit al composit ion.
4. Loan Quality
The Bank is maint aining it s loan qualit y. This is demonst rat ed by it s 2012 Non Perf orming Loan Gross, w hich st ood at 1.83% in 2012 , improving signifi cant ly f rom 2,32% in 2011.
Changes in the M embership
of the Company’s Board of
Commissioners in 2012
We hereby convey our respect and t hanks t o M r. Agus Suprijant o f or all his cont ribut ions and commit ment during his t ime as a BRI commissioner. We also w elcome M r. M ust af a Abubakar as t he new Vice Commissioner,
M r. Vincent ius Sonny Loho as commissioner and M r. Ahmad Fuad as Independent Commissioner. We hope t o build good cooperat ion and coordinat ion t o support t he BRI’s sust ainable grow t h.
Finally, w e are ending t his Supervisory Report of Board of Commissioners on business implement at ion in 2012.
Board of Commissioners
B oard of C ommissioners
5 6 7 8
Heru Lelono
Commissioner
Bunasor Sanim
President Commissioner/ Independent Commissioner
Adhyaksa Dault
Independent Commissioner
Aviliani
Independent Commissioner
Vincentius Sonny Loho
Commissioner
M ustafa Abubakar
Vice President Commissioner
Hermanto Siregar
Commissioner
Ahmad Fuad
Independent Commissioner
5.
6.
7.
8.
1.
2.
3.
R eport of t he President D irect or
he year of 2012 became a period w hen BRI
w as able t o build a solid f oundat ion f or a
sust ainable grow t h f or t he f ut ure. This w as
done w it h a prudent business grow t h along side
w it h t he development of sophist icat ed inf ormat ion
t echnology–based business net w orks.
Prudent loan grow t h w it h a f ocus on asset qualit y,
cust omer base expansion and opt imizing of w orking
unit net w orks produced Rp36.48 t rillion in net int erest
income and a declining NPL’s, st ood at 1.83% in 2012
f rom 2.32% in t he previous year. Wit h t he support
of t he increase in f ee based income, t he bank fi nally
gained a Rp18.69 t rillion in net profi t – increasing by
23.86% compared t o it s net profi t in 2011.
Assalamualaikum Wr. Wb.
We send our grat it ude t o Allah SWT f or his blessings w hich allow ed BRI t o t raverse 2012 w it h good result s. The direct ors of BRI w ould like t o highlight a number of BRI’s main successes in 2012 perf ormance t o t he company’s shareholders and ot her st akeholders.
The Economy and Banking Conditions in Indonesia in 2012
Indonesia’s economic resilience remained int act amid 2012’ global economic volat ilit y. The count ry’s economy grew by 6.23% during 2012 support ed st rongly by household consumpt ions and invest ment s. St rong grow t h in t he household consumpt ion is in line w it h t he increase in consumer’s confi dence level and people purchasing pow er. The high domest ic market demand, paired w it h business communit ies opt imism, boost ed t he count ry’s high level of invest ment .
S of yan B as ir
D omest ic C ons umpt ion,
pa r t icula r ly hous ehold cons umpt ion,
which ma kes up t o 5 4 .5 6 % of t he
G r os s D omest ic P r od uct , is t he
main cont r ibut or t o Ind ones ia ’s
economic g r owt h.
In 2012, infl at ion st ood at 4.30% (yoy) – remain w it hin t he cent ral bank’s designat ed infl at ion t arget range of 4.5% ± 1% .
High import s put pressure on t he Rupiah during 2012. How ever, t he int ensit y of t his pressure slow ly decreased nearing t he end of t he year. The Rupiah’s exchange rat e against t he US dollar hovered bet w een Rp8,892 and Rp9,707/US Dollar during 2012.
The fi nancial syst em’s st abilit y and t he banks’ int ermediary f unct ion during 2012 w ere apparent ly w ell-maint ained. The banking indust ry’s solid perf ormance w as refl ect ed in t he high CAR, w hich w as recorded at 17.43% , t hus, w ell above t he minimum limit of 8% . Loan qualit y w as also w ell-maint ained as demonst rat ed in t he gross NPL level at 1.87% - below t he maximum NPL limit of 5% . The year-on-year loan grow t h in December 2012 w as recorded at 22.97% and w as dominat ed by product ive loan grow t h w hich also refl ect ing Indonesia’s economic condit ion and grow t h source.
BRI’s 2012 Business Performance
A prudent and good quality loan grow th w ith mainly focus on micro, small
and medium segments
One of BRI’s st rat egic achievement s during 2012 w as it s success in creat ing qualit y loan grow t h, demonst rat ed t hrough t he const ant decrease of Non-Perf orming Loan levels f rom 2.32% in 2011 t o 1.83% in 2012. This is f ar below it s int ernal t arget of 3.0% maximum NPL and f ar below t he cent ral bank’s maximum limit of 5% . BRI’s 22.92% prudent loan grow t h during 2012 show ed t hat reducing t he NPL rat e does not have t o mean spurring grow t h t hat is not comply w it h t he principles of prudence in banking. Thus, BRI’s 2012 port f olio is one w hich considered t o be healt hy and have good qualit y.
GDP composit ion based on t o usage
Consumpt ion Government Spending
Invest ment Export
Import
54.56
33.16
24.26 25.81
8.89 2012
The ot her import ant achievement by BRI in 2012 w as t he implement at ion of it s st rat egic plan t o remain f ocused on t he micro, small and medium segment s. This achievement is refl ect ed in it s loan port f olio f or t hose segment s, 75% of t ot al loan disbursement w as given t o t his segment during 2012. Based on t he company’s loan port f olio at t he end of 2012, M icro loan became t he largest cont ribut or, reaching 30.7% of t he t ot al loan.
Business revit alizat ion conduct ed in t he M icro Business segment in 2011 has begun t o show it s posit ive result s during 2012. This revit alizat ion – encompassing t he expansion of t he cust omer base, t he increase of loan of fi cer capacit y, t he expansion of net w ork and product development – w ent w ell according t o plan. BRI added 125 BRI Unit s, 500 Teras BRI and 250 mobile Teras BRI in accordance w it h it s 2012 out let est ablishment t arget . By t aking int o account t heir perf ormance and business pot ent ials, in 2012, 14 Sub-branch Of fi ces w ere up graded t o be branch of fi ces, 6 Cash Of fi ces up graded t o Sub-Branch Of fi ces and 26 Teras BRI t o BRI Unit s.
The net w ork expansion w as f ollow ed by t he increase in out let product ivit y in 2012, especially f or TerasBRI, w hose product ivit y w as recorded at Rp2.99 billion per Teras f or loan and Rp1.27 billion per Teras f or deposit s, increasing f rom it s 2011 posit ion of Rp2.21 billion per Teras f or loan and Rp0.73 billion per Teras f or deposit .
BRI’s micro business revit alizat ion has begun t o show it s result during t he second quart er of 2012, as demonst rat ed in t he increase in t he amount s of t he account s f or bot h loans and micro deposit s. BRI’s M icro loan account s reached 5,5 million account s, increasing f rom t he 5,29 million account s recorded in 2011. Deposit s increased f rom 21.85 million account s in 2011 t o 24.97 million account s in 2012. The amount of account s in BRI’s micro deposit and loan demonst rat es t hat BRI’s M icro Business w as able t o reach t he grassroot s communit ies t hroughout Indonesia. Theref ore, it s business model has succeeded in support ing Indonesia’s fi nancial inclusion st rat egy w it hout put t ing aside t he healt hy and sust ainable banking business principles.
Funding
In t hird-part y f unds, BRI succeeded in implement ing it s st rat egic f unding plan t o maint ain it s f ocus on low cost f unds. During 2012, t he t hirdpart y f unds grew w it h an opt imal low -cost f unds composit ion, w hich reached around 60% - in accordance w it h t he ideal f unding composit ion t arget .
Developments of e-Banking and Fee Based Income
BRI’s long-t erm plan in developing f ee-based income as an alt ernat ive source of income aside f rom t he int erest -based income, as w ell as becoming a payment gat ew ay in Indonesia’s fi nancial syst em, w ere implement ed t hrough it s e-banking development s by t reat ing cont inuing development s of e-channels. In t erms of e-channel development s, BRI had 14,292 ATM s spread t hroughout Indonesia at t he end of 2012, so t hat BRI considered as t he bank w it h t he largest ATM net w orks among banks in Indonesia. Furt hermore, BRI’s e-channel f acilit ies are also support ed by 44,715 unit s of EDCs, phone banking, SM S banking and int ernet banking services.
Among all, t he e-banking development eff ort s in 2012 result ed in t he increase of f ee-based income f rom an increase in e-banking t ransact ions. The rise in f ees coming f rom t ransact ions conduct ed t hrough t he ATM s recorded t he second-highest grow t h af t er f ees coming f rom t rade fi nance. Debit card holders - a proxy of t he cust omers w hose likely w ill use e-Banking services int ensively - w as also increasing, show ing t he pot ent ial of increasing t ransact ion-based f ee-based income f or BRI . All t he net w ork development s – convent ional or e-channels – are st rat egies t o secure t he company’s t arget of becoming a nat ional payment gat ew ay in Indonesia’s inclusive economic syst em, and has capabilit y t o support t he micro, small and medium business segment s t hat are it s core businesses.
Profitability and Capitalization
A consist ent and an appropriat e implement at ion of st rat egy, along w it h t he hard w ork and commit ment f rom bot h management and employees, BRI has show n encouraging result s. By t he end of 2012, BRI booked a net profi t of Rp18.69 t rillion, increasing by 23.86 % f rom 2011’s Rp15.09 t rillion, along w it h an 8.42% Net Int erest M argin (NIM ).
The increased in net profi t is support ed by qualit y business grow t h, along w it h it ’s abilit y t o maint ain it s operat ional ef fi ciency, refl ect ed in it s operat ional expense t o operat ional income rat io, recorded as 59.93 % , and Cost Ef fi ciency Rat io, w hich w as maint ained at 43.11% at t he end of 2012.
Challenges and Solutions
In developing it s business, BRI f aces challenges such as f ulfi lling t he needs of human resources in a t imely manner and in line w it h business development s. The implement at ion of a proper and ef fi cient syst em t o meet t he needs of market ing of fi cers is crit ical in support ing BRI’s business development s, especially f or it s micro business segment , w hich is reliant on t he availabilit y of M ant ri (BRI’s micro loan of fi cer) as it s spearhead.
The principles of communit y banking, w hich is implement ed in BRI’s micro business development are st rongly depends on t he availabilit y of “ M ant ri” , w hich is w ell-equipped w it h suf fi cient know ledge of local cult ure and business pract ices, as w ell as high int egrit y.
BRI has added 6,727 “ M ant ri” t o it s exist ing f orces in 2012, making t he rat io of “ M ant ri” t o BRI unit s became 3.1 per BRI unit - an increase f rom 2.01 per BRI unit in 2011. The increase in t he rat io refl ect ed t he increase in capacit y of BRI’s micro unit s in t o expand BRI’s micro businesses in t he f ut ure.
B R I operat ional
act ivit ies are now
s upport ed by a t ot al
of 9,05 2 convent ional
wor king unit s equipped
wit h s ophist icat ed
inf or mat ion t echnology
facilit ies as well as
Corporate Governance – Tow ard GCG Excellence
The implement at ion of Good Corporat e Governance (GCG) in BRI is done in several st ages, st art ing w it h f ormulat ion, implement at ion, evaluat ion, and monit oring. The implement at ion’s t arget is GCG excellence, w hich is a condit ion in w hich GCG is implement ed consist ent ly in all of t he company’s organizat ion level and becomes it s breat h of lif e. The policy f ormulat ion and t he implement at ion of GCG principles in BRI are based on prevailing regulat ions: The Indonesian Corporat e Governance Code and BRI GCG Chart er, w hich had been revised 3 (t hree) t imes in accordance t o recent development s.
The next st age, implement at ion, has been carried out and w ill be cont inuously improved. Several st eps of GCG implement at ion t hat have already been done are including developing int ernal GCG aw areness, t he development of GCG Tools, w hich include t he development of a w hist leblow ing syst em, cust omer complaint s syst em, e-procurement implement at ion, t he f orming of an Int egrit y Pact and t he OPRA syst em. BRI has developed t he compliance dashboard, w hich serves as an early w arning syst em in t he implement at ion of BRI’s GCG.
The next st ages are monit oring and evaluat ion, w hich include t he implement at ion of BRI’s GCG assessment using t he self -assessment as w ell as t hird-part y assessment met hod, evaluat ion of t he company’s perf ormance based on det ermined assessment indicat ors, and annual evaluat ion of BRI’s policies and syst ems.
The monit oring and evaluat ion implement at ion phase are carried out sust ainably t o reach GCG Excellence. A number of implement at ions, including developing int ernal and ext ernal aw areness, review s, and GCG improvement – relat ed policies, have been carried out t hroughout 2012.
Rp18.69
t rillion
N et pr of it
2 3 .86 % t o
B R I’s fee- bas ed income increas ed by
The result of t he evaluat ion t hrough GCG Self -Assessment , in line w it h Bank Indonesia’s regulat ions, w as “ SANGAT BAIK” or VERY GOOD. Third part y assessment w as also conduct ed t hrough research and rat ing using t he Corporat e Governance Percept ion Index (CGPI) carried out by The Indonesia Inst it ut e of Corporat e Governance (IICG), in cooperat ion w it h SWA M agazine, w it h t he result st at ed BRI as a “ Trust ed Bank” .
BRI’s management and employees are consist ent in t heir GCG commit ment , in line w it h t he second art icle on t he BRI’s mission: “ Providing excellent services t o cust omers t hrough a w idespread of business net w ork, support ed w it h prof essional human resources and by implement ing Good Corporat e Governance pract ices” . The BRI has chosen GCG as it s 2012 t heme, w hich is becoming t he best bank in Indonesia w it h proper Good Corporat e Governance pract ices.
Risk M anagement
A reliable risk management is a basic requirement in a bank, including BRI, a bank w it h a large-scale operat ions.
BRI’s risk management f unct ion is independent f rom it s business and audit f unct ions in order t o creat e a risk management syst em and t o maint ain assessment object ivit y and risk management measurement ; BRI’s risk management is conduct ed by implement ing t he concept of Three Lines of Def ense. The concept includes operat ional w orking unit s w hich f unct ioning as t he part y responsible f or carrying out an int ernal cont rol f unct ions and maint aining out put qualit y as w ell as business processes in line w it h prevailing regulat ions. It s second line of def ense is t he risk management w orking unit , w hich monit ors t he implement at ion of BRI’s risk management according t o t he risk t olerance. The t hird line of def ense is t he int ernal audit w orking unit , w hich carries out cont rolling f unct ion by evaluat ing t he fi rst and second lines of def ense and report s t he result s independent ly t o t he President Direct or and Board of Commissioners.
BRI implement s an ent erprise-w ide risk management t o cont rol eight t ypes of risks t hrough t he implement at ion of f our pillars, w hich consist s of : act ive supervising by t he Board of Commissioners and Board of Direct ors, suf fi cient policies, procedures and limit set t ing w hich periodically being evaluat ed and updat ed in accordance w it h BRI’s operat ional and business development s, t he development of risk management process and risk management inf ormat ion syst em, and int ernal cont rol syst em.
Human
Capital Development: Continuously Succession Process
BRI’s Human Capit al development s are support ed by 7 (seven) learning cent ers locat ed in several locat ions in Indonesia, w hich covers cont inuing educat ion and development program f or t he employees hard skills and sof t skills.
Corporate Social Responsibility – A Synergy to Grow Together
BRI carries out int egrat ed corporat e social responsibilit y, w hich encompasses act ivit ies t o f ulfi ll it s responsibilit y t o it s cust omers – such as providing qualit y banking product s and services, t aking care f or it s employee’s w elf are, part icipat ing in environment al development act ivit ies, f ulfi lling it s responsibilit y t o t he cent ral and local government s, and part icipat ing in developing local communit ies’ lives t hrough it s w ell-planned Part nership Program and Communit y Development .
BRI, as one of t he t op commercial banks w it h t he w idest service net w ork in Indonesia f ocusing on t he micro, small and medium businesses segment , is highly commit t ed t o mobilize and t o improve t he grass-root economy. The bank implement s Part nership Program by providing sof t loans and t rainings t o it s part ners. These t rainings are conduct ed according t o t he f ormulat ed plans and involve compet ent -part ies, t hus t hese part ners can subst ant ially grow af t er a cert ain period t o become a loyal BRI commercial cust omer. In channeling it s Part nership Program f und, BRI priorit izes t he f ormat ion of business clust ers t o ensure t he program’s supervision and t raining w ork eff ect ively and ef fi cient ly.
In implement ing it s Communit y Development Program, BRI priorit izes on healt h, educat ion and environment conservat ion programs. These priorit ies are based on t he considerat ion t hat t here should be a synergy bet w een t hem and t he channeling of t he Part nership Program f und. The channeling of t he Communit y Development f und is done in t he f orm of t he BRI Peduli (BRI cares) and BUM N Peduli (SOEs care) programs.
Throughout 2012, BRI has channeled Rp398,98 billion in Part nership and Communit y Development Funds, comprising Rp145.97 billion in Part nership Program f und and Rp253.01 billion in Communit y Development .
2013 Business Prospect
BRI sees t he Indonesian banking indust ry as having a promising business prospect t hanks t o t he count ry’s 2013 project ed economic grow t h of 6.3% t o 6.8% (source: Bank Indonesia), it s enduring st rong domest ic consumpt ion and invest ment , and it s grow ing middle class and w orking age group.
The company w ill cont inuously f ocuses on micro, small and medium segment development s t hat w ill be support ed by an ext ensive w orking unit s net w ork spread t hroughout Indonesia. Thus, BRI w ill be in t he f ront line t o capt ure t his business pot ent ial. These advant ages are support ed by it s policies t o increase t he t echnology and inf ormat ion syst em inf rast ruct ure abilit y t o f ulfi ll cust omers needs f or it s banking product s and services.
B R I implement s a
r is k management
met hod t hat
compr is es t hree
lines of defens e t o
maint ain as s es s ment
object ivit y and
r is k management
Considering all t he above f act ors, BRI is t arget ing t o accelerat e it s loan expansion in 2013, especially in t he M icro-small-medium segment , w hile maint aining it s f ocus on qualit y grow t h. Grow t h in asset s w ill be accompanied by grow t h in liabilit ies, w it h t he f ocus remaining on t he grow t h of low -cost f unds and keeping t he low -cost f und at around 60% of t ot al t hird-part y f unds. As an eff ort t o increase t he cont ribut ion of f ee-based income, BRI is planning t o increase it s banking service act ivit ies t hrough increasing t he amount of e-channel and e-banking user as w ell as increasing t he amount of t ransact ion-based f ees.
BRI’s 2013 Strategic Plan
Since it s concept ion, BRI has been f ocusing on micro, small and medium business segment s. By having t he largest w orking unit s net w ork in Indonesia, BRI w ill improve it s perf ormance t hrough cont inuous expansion of it s service scope dow n t o t he grass root s communit y t o ret ain and expand it s market .
BRI w ill ret ain it s f ocus on providing service t o t he M icro-small-medium segment in 2013, t hrough market penet rat ion and market development in lending and f unding aspect s. M arket penet rat ion in lending is conduct ed by opt imizing t he exist ing product s in t he exist ing market s by increasing t he qualit y and adding more f eat ures, t hus encouraging more usage of product s and services by t he cust omers. The company w ill cont inue t o disburse loan t o corporat e segment , especially f or sect ors t hat provide t rickle-dow n business opport unit ies t o t he M icro-small-medium segment s.
M arket penet rat ion in t he f unding side is carried out t o improve BRI’s fi nancial st ruct ure. BRI w ill f ocus on low -cost f unds, w hich are savings and ret ail demand deposit s, t o achieve t he ideal composit ion of 60% of low -cost f unds out of t ot al t hird-part y f unds. To achieve such a composit ion, BRI w ill cont inue t o develop and improve it s inf ormat ion t echnology syst em t o provide service qualit y f or it s cust omers, t hus increasing t he usage of BRI’s deposit product s. Furt hermore, It w ill cont inue t o develop it s e-banking f eat ure t o increase e-channel t ransact ions, w hich w ill prompt a rise in f ee-based incomes. It w ill also cont inue t o develop it s Product Linkage t o encourage more int ensive cross-selling.
BRI w ill also implement it s market development st rat egy t hrough loan expansion f ocusing on M icro-Small-M edium business segment s. This w ill be done t hrough t he diversifi cat ion of fi nancing f or sect ors t hat become t he backbone of Indonesia’s M ast er Plan f or Accelerat ion and Expansion of Indonesian Economic Development (M P3EI). All t he loan expansion above w ill be carried out w hile st ill maint aining t he principle of prudence, t hus maint aining loan qualit y. The implement at ion of t his st rat egy w ill be support ed by t he improvement of account of fi cers’ qualit y and quant it y, t he improvement of loan’s service level agreement (SLA) and t he opt imalizat ion of cross selling opport unit ies, w hich w ill provide opt imal ret urns f or BRI.
B R I channeled a
t ot al of R p4 06 .4 4
billion in Part ners hip
Pr ogram and
C ommunit y
D evelopment ,
pr imar ily t o
est ablis h communit y
bus ines s clust ers
and help t o impr ove
healt h, educat ion
and envir onment al
In t erms of t hird part y f unds, t he market ing st rat egy is conduct ed t hrough expansion of mass banking and e-banking product market ing programs, t hrough new segment s/market s, as w ell as t he creat ion of new market ing programs f or cust omers.
Aside f rom market penet rat ion and development , BRI w ill also cont inue t o develop banking services and product s in 2013 t o meet and ant icipat e cust omers’ needs, w hich cont inue t o develop along w it h Indonesia’s economic grow t h and demographic-sociological development s.
Anot her st rat egy t o ensure t he sust ainabilit y of BRI’s business is t he preparat ion of human capit al. In 2013, BRI w ill recruit more employee and priorit ize t he f ulfi llment of t he market ing f ormat ion. For it s long-t erm t arget , BRI w ill improve it s career development policy by creat ing a t alent management syst em, developing it s assessment cent er, and improving t he rew ard and punishment syst em t o encourage employee product ivit y w hile t aking int o considerat ion labor regulat ions, market condit ions, and t he company’s fi nancial capabilit ies.
In order t o accelerat e business grow t h t hrough non-organic grow t h or horizont al int egrat ion, BRI w ill cont inue t o conduct analysis t o ident if y any opport unit ies f or acquisit ion, w it h f act ors such as t he creat ion of added value, business synergy and support t ow ard BRI’s business f ocus on t he M icro-Small-M edium segment s being it s main considerat ions.
In 2013, BRI w ill also improve it s f oreign currency f unding st ruct ure t o obt ain a longer t erm st ruct ure in a nat ural hedging scheme.
In t he f ut ure, w e w ill give our best achievement s f or all of BRI’s st akeholders. These achievement s w ill not be ones f orged only by BRI’s st aff and management , but also by t he support and t rust of t he Board of Commissioners, shareholders, cust omers and business part ners.
Wassalamualaikum Wr. Wb.
Sofyan Basir
B oa rd of D ir ect or s
6 7 8 9 10 11
Djarot Kusumayakti
Direct or of M icro, Small and M edium Ent erprises Business
Asmaw i Syam
Direct or of Inst it ut ional and St at e-Ow ned Ent erprises Business
Sofyan Basir
President Direct or
Gatot M ardiw asisto
Direct or of Human Resources M anagement
Lenny Sugihat
Direct or of Credit Risk M anagement
Sarw ono Sudarto
Direct or of Operat ions
Suprajarto
Direct or of Net w orks and Services
Sulaiman Arif Arianto
Direct or of Commercial Business
Randi Anto
Direct or of Compliance
Achmad Baiquni
Direct or of Finance
A. Toni Soetirto
Direct or of Consumer Business
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
The Board of Commissioner’s statement of responsibility for the
2012 Annual Report of PT Bank Rakyat Indonesia (Persero) Tbk
We, w hose si gnat ur es appear bel ow , her eby st at e t hat al l t he i nf or m at i on i n t he 2012 Annual Repor t of PT Bank Rak yat Indonesi a (Per ser o) Tbk has been com pr ehensi vel y publ i shed and t hat w e ar e f ul l y r esponsi bl e f or t he Com pany’s Annual Repor t cont ent s.
The undersigned
Bunasor Sanim
President Commissioner and Independent Commissioner
M ust af a Abubakar
Vice President Commissioner
Heru Lelono
Commissioner
Aviliani
Independent Commissioner
Adhyaksa Dault
Independent Commissioner
Ahmad Fuad
Independent Commissioner
Hermant o Siregar
Commissioner
Vincent ius Sonny Loho
We, w hose signat ures appear below, hereby st at e t hat all t he inf ormat ion in t he 2012 Annual Report of PT Bank Rakyat Indonesia (Persero) Tbk has been comprehensively published and t hat w e are f ully responsible f or t he Company’s Annual Report cont ent s.
The undersigned
Sof yan Basir
President Direct or
Sarw ono Sudart o
Direct or of Operat ions
Suprajart o
Direct or of Net w ork and Operat ions
Achmad Baiquni
Direct or of Finance
Djarot Kusumayakt i
Direct or of M icro, Small and M edium Ent erprises Business
Randi Ant o
Direct or of Compliance
Gat ot M ardiw asist o
Direct or of Human Resources
M anagement
Sulaiman Arif Ariant o
Direct or of Commercial Business
Lenny Sugihat
Direct or of Credit Risk M anagement
A.Toni Soet irt o
Direct or of Consumer Business
Asmaw i Syam
Direct or of Inst it ut ional and St at e-ow ned Ent erprises
BRI is one of t he
largest banks in
Indonesia, w hich
also one of t he
biggest micro bank
in t he w orld.
The largest ba nk wit h
9,052
wor king unit s
C ompa ny’s G enera l Inf or mat ion
Company Name
: PT Bank Rakyat Indonesia (Persero) Tbk.
Type of Business
: Banking
Est ablishment
: 18 December 1968 based on Law No. 21 Year 1968
Shareholder’s
composit ion
: Government of Indonesia 56.75%
Public 43.25%
Base Capit al
: Rp15,000,000,000,000
Issued and Fully Paid
Capit al
: Rp6,617,291,000,000
List ing
: Indonesia St ock Exchange on 10 November, 2003, w it h
t icker name BBRI.
HEAD OFFICE
BRI I Building
JI. Jend.Sudirman No. 44-46
Jakart a 10210
Tel: (62-21) 251-0244, 251-0254, 251-0264, 251-0269, 251-0279
Fax: (62-21) 250-0065,0250-0077
Websit e: w w w.bri.co.id
CONTACT ADDRESS
Corporat e Secret ary Division
BRI I Building, Floor 20
JI. Jend. Sudirman No. 44-46
Jakart a 10210
Email:
[email protected]
Call cent er:
Rating BRI
STANDARD AND POORS (M ay 2012)
Out look St able
Long Term Foreign Issuer Credit BB+
Long Term Local Issuer Credit BB+
Short Term Foreign Issuer Credit B
Short Term Local Issuer Credit B
M OODY’S (January 2013)
Out look St able
Bank Deposit Baa3/P-3
Bank Financial St rengt h D+
Baseline Credit Assessment (Ba1)
Adjust ed Baseline Credit Assessment (Ba1)
FITCH (Oct ober 2012)
Long Term Foreign Currency IDR BBB-, St able Out look
Short Term Foreign Currency IDR F3
Support Rat ing Floor
Support Rat ing 2
Viabilit y Rat ing bb+
Nat ional Long Term Rat ing AAA (idn), St able Out look
Rupiah Subordinat ed Debt A+ (idn)
PEFINDO (June 2012)
B R I in B rief
56.75% share, w hile t he general public shareholder hold t he remaining 43.25% of share. Support ed w it h years of experience and solid capabilit ies in banking services, especially in t he UM KM segment , f or eight years in a unceasingly develops various consumer banking product s and inst it ut ional services aimed at cust omerOt her t han developing convent ional operat ing unit s, BRI also cont inuously develops e-banking services t hat give cust omer access t o BRI’s services via int ernet , t elephone, Short M essage Service/SM S, as w ell as via ot her e-channel services such as Aut omat ic Teller M achine (ATM ), Cash Deposit M achine (CDM ), Elect ronic Dat a Capt ure (EDC), and KiosK. In addit ion t o st rengt hening it s net w ork inf rast ruct ures and e-banking t echnology, BRI also st rives t o provide banking services t o small scale businesses at t radit ional market s all over Indonesia. Since end of 2009, t hese services has been provided by Teras BRI, t hrough w hich BRI expect s t o reach micro and small ent repreneurs in t radit ional market s t hat so f ar have not been t ouched yet by banking services.
1895
On 22 February, 1946, t he Government of Indonesia issued Government Regulat ion No. 1 Year 1946 and changed t he name Syomin Ginko t o Bank Rakyat Indonesia (BRI), at w hich point it
On 10 November, 2003, BRI became a Public List ed Company by list ing it s shares t hrough an init ial public off ering (IPO) on t he Jakart a St ock Exchange (now t he Indonesian St ock Exchange/IDX) w it h t he t icker name “ BBRI” . BRI shares are now part of t he LQ-45 share index and have become one of t he IDX’s blue chip st ocks.
On 11 January, 2011, t he nominal share value
•
w as split t o t he rat io of 1:2.
On 3 M arch, 2011, signing of t he Deed of
•
Acquisit ion of shares in PT Bank Agroniaga Lt d. bet w een BRI and Dana Pensiunan Perkebunan (Dapenbun) .
On 16 December, 2011, signing of Inst rument
•
of Transf er and Bought and Sold Not es bet w een BRI and PT Asuransi Jiw a BRIngin Jiw a Sejaht era f or shares in BRIngin Remit t ance Co. Lt d. (Hong Kong). BRI acquired Bank Jasa Art ha, w hich w as lat er
convert ed t o become PT Bank BRISyariah.
Succeeded in
der Inlandshe Best uurs Ambt enareen(1895), t o De Poerw okert osche
HulpSpaar-en Landbouw Crediet bank or Volksbank and Cent rale Kas
Voor Volkscrediet w ezen Algemene (1912). In 1934, t he name
changed again t o Algemene Volkscrediet bank (AVB) unt il t he period of Japanese occupat ion, w hen t he name w as
Vision
M ission
To undert ake t he best banking operat ion,
•
w hile priorit izing on providing service t o t he
micro, small and medium segment (M SM E) w it h
a view t o support t he improvement of t he
people’s economy
To provide prime services t o cust omers t hrough
•
a vast net w ork and support ed by prof essional
human capit al and reliable inf ormat ion
t echnology, conduct risk management and
guided by excellent Good Corporat e Governance
(GCG) pract ices
To provide opt imum benefi t s t o all st akeholders
•
To B ecome a Lea d ing
C ommercia l B a nk t hat
Alwa ys Pr ior it iz es
C ust omer S at is fa ct ion
C or porat e Values
Integrity
To be devot ed, dedicat ed, honest , alw ays maint aining our honor and good name, and t o abide by t he Banking Code of Conduct s and Regulat ions t hat are in f orce.
Professionalism
To b e r esp o n si b l e, ef f ect i ve, ef f i ci en t an d d i sci p l i n ed , an d w i t h a f o cu s o n t h e f u t u r e t o an t i ci p at e d evel o p m en t s, ch al l en g es an d o p p o r t u n i t i es.
Customer Satisfaction
To f ulfi ll cust omer needs and t o sat isf y our cust omers by providing t he best services w it h due regard t o Company int erest s and w it h t he support of employees t hat are skilled, f riendly and love t o serve, and support ed by superior t echnology.
Leadership
To consist ent ly act in a f air w ay, w it h assert ion and big-heart edness, and t o not t olerat e any act ion t hat is inconsist ent w it h leadershipness.
Respect for Individual
To recruit , develop and ret ain qualit y human resources and t o t reat individuals w it h t rust , openness, f airness and mut ual respect as part of t he Company by developing an at t it ude of cooperat ion and part nership. To provide respect based on t he result s of individual eff ort s and t eam collaborat ion, in order t o achieve synergy f or t he benefi t of t he Company.
Pr oduct s and S ervices
Working Capit al Loan f or Export (KM K-E) 2.
Working Capit al Loan f or Import (KM K-I) 3.
Working Capit al Loan f or Const ruct ion (KM K-K) 4.
Invest ment Loan 5.
Syndicat ed Loan 6.
Loan for the Development of Bio Fuels and Revitalization of Plantations (KPEN-RP) 1.
Bank Guarant ee
ii. Out w ard Clean Collect ion d. Pre-Shipment Financing
e-channel
and
e-banking
1. 2. Foreign Exchange Transact ionsSw ap Transact ionsForw ard Transact ions
BRI Financial Inst it ut ion Pension 7.
Fund (DPLK BRI)
Treasury Services
Notes:
Sub-Banda Aceh
M edan
Padang
Pekanbaru
Palembang
Jakart a 1, 2 & 3
Bandung
Semarang
Yogyakart a
Surabaya
Denpasar Banjarmasin
M alang
Operat ional Area M ap/N et wor k
BRI current ly serves it s cust omers t hrough 9,052 w orking unit s and a w idespread of e-channel net w ork across Indonesia.
BRI operat es seven levels of service of fi ces, consist ing of it s Head of fi ce; 18 Regional Of fi ces; 446 Branch Of fi ces (including t hree overseas of fi ces); 545 Sub-Branch Of fi ces; 914 Cash of fi ces; 5,000 BRI Unit s; 1,778 TerasBRI (Sub-M icro Out let s); and 350 M obile TerasBRI Out let s.
In 2012, BRI added 15 Branch Of fi ces; 43 Sub-Branch Of fi ces; 44 Cash of fi ces; 125 BRI Unit s; 500 TerasBRI and 250 M obile TerasBRI Out let s. By examining t heir perf ormance and business pot ent ial, 14 Sub-Branch Of fi ces increased t heir scale of operat ions t o become Branch Of fi ces, 6 Cash of fi ces became
Sub-Thousa
nds of
B R I w
or king
unit s a
re spre
ad t hr
oughout
Indones
ia, incl
uding t
hree
M akassar
M anado
Jayapura
2008 2009 2010 2011 2012
Head of fi ce 1 1 1 1 1
Regional Of fi ces 14 17 18 18 18
Branch Of fi ces 379 406 413 431 446
Sub-Branch Of fi ces 337 434 470 502 545
Cash of fi ces 179 728 822 870 914
BRI Unit s 4,417 4,538 4,649 4,849 5,000
Village Service Point s 68 68 0 0 0
TerasBRI (Sub-M icro Out let s) 217 617 1,304 1,778
M obileTerasBRI 100 350
Total Operational Working Units 5,395 6,409 6,990 8,075 9,052
Inspect ion Of fi ces 14 14 14 14 16
Total Working Units 5,409 6,423 7,004 8,089 9,068
B R I’s N et wor k
Regional Of fi ce M akassar, Sout h Sulaw esi Branch Of fi ce Cut M ut ia, Jakart a
BRI Unit Sikur, Selong, East Nusa Tenggara (NTT) Sub-Branch Of fi ce Tugumulyo,
S ince 2 00
9, B R I’s
ent ire net w
or k has be
en
connect ed
real t ime o
n- line
Cash of fi ce Gambir, Jakart a
Organiz at ional S t ruct ure
Agus Katon ES Widodo Januarso I Komang Sudiarsa R. Sophia Alizsa Irw an Rinaldi
Tri Wintarto M ohamad Helmi Kusw iyoto Agus Noorsanto
Johanes Saragih Joice Farida Rosandi M . Sodo
Harisetyanto Luki Presisa Budi Utami Isnen Sutopo
Board of Commissioners
Head Off ice
Arief Tjatur Widodo Edy Utomo Ganefi Rico Rizal
Budidarmo
Susy Liestiow aty Wisto Prihadi Denny Arsamanggala Hexana Tri Sasongko
Sunuaji Noor Widiyanto
Hadi Susanto
Retno Surdini
Lenny Sugihat Sarw ono Sudarto Gatot M ardiw asisto Randi Anto
Special Branch Off ices Regional Audit Off ices
Commit t ee under BOC : Audit Commit t ee, Nominat ion & Remunerat ion Commit t ee, Risk M anagement Supervisory Commit t ee
Commit t ee under BOD : Risk M anagement Commit t ee, Credit Policy Commit t ee, Credit Commit t ee, Asset s and Liabilit ies Commit t ee (ALCO), Human Resources Policy Commit t ee, Inf ormat ion Syst em & Technology St eering Commit t ee (ITSC), Project M anagement Off ice (PM O)
S ubsidiaries and Associat ions
Company Name Type of Business BRI Inclusion Dat e BRI Ow nership Percent age
Commenced Operat ions
Address
SUBSIDIARIES
PT Bank BRI Syariah Syariah Commercial Bank 19 December 2007
99.99% 16 Oct ober 2008 Jl. Abdul M uis No. 2-4, Jakart a
PT Bank Rakyat Indonesia Agroniaga Lt d.
Nat ional Privat e Bank 3 M arch 2011 79.78% 8 February 1990 Plaza GRI
Jl. HR. Rasuna Said Blok X2 No.1, Jakart a
BRI Remit t ance Co.Lt d Remit t ance Company 16 December 2011
100% 7 April 2005 Lippo Cent er, Tow er II, Room 1115, 11/F, 89 Queensw ay, Admiralt y, Hong Kong
ASSOCIATED ENTITIES
PT BTM U-BRI Finance Financing 1 August 1983 45.00% 1 August 1983 Wisma 46 Floor
10-Kot a BNI, Jl.Jenderal Sudirman Kav. 1, Jakart a
BRI
Subsidiary Subsidiary
Subsidiary
BRI Remit t ance Co 100% BRI Agro
79.78% BRI Syariah
99.99%
Associat ed Ent it y
PT BTM U-BRI Finance 45%
Acces s Inf or mat ion
Inf ormat ion on shares, t he lat est new s and general inf ormat ion about t he Company can be obt ained f rom:
CORPORATE SECRETARY
BRI I Building
Jl. Jenderal Sudirman No. 44-46 Jakart a 10210 - Indonesia Tel: (62-21) 575 1966 Fax: (62-21) 570 0916 Websit e: w w w.bri.co.id Email: [email protected]
Public Accountant
Purw antono, Suherman, &Surja (Ernst & Young) Indonesian St ock Exchange Building Tow er 2, Floor 7 Jl. Jend. Sudirman Kav. 52-53
Jakart a 12190 Tel: (62-21) 5289 5000
Share Registrar
PT DatindoEntrycomJl. Jend. Sudirman Kav. 34-35 Jakart a 10220
Tel: (62-21) 570 9009
Indonesian Central Securities
Depository (KSEI)
Indonesia St ock Exchange Building Tow er I, Floor 5 Jl. Jend. Sudirman Kav. 52-53
Jakart a 12190 Tel: (62-21) 5299 1003 Fax: (62-21) 5299 1129
Rating Agencies
PT Pemeringkat Efek Indonesia (Pefindo) Panin Tow er Senayan Cit y Floor 17 Jl. Asia Af rika Kav. 19, Jakart a
PT Fitch Rating Indonesia Prudent ial Tow er Floor 20
Jl. Jend. Sudirman Kav. 79, Jakart a 12190 Tel: (62-21) 5795 7755
Fax: (62-21) 5795 7750
M oody’s Singapore Pte. Ltd. 50t h Raf fl es Place #23-06
Singapore Land Tow er, Singapore 048623
Standard & Poor’s 30 Cecil St reet
#17-01/08 Prudent ial Tow er, Singapore 049712 Tel: (65) 6438 2881
