Bigger, Stronger, Better
bank
bjb
Pg. 5
Result Summary
Pg. 10
Loans Breakdown
Pg. 15
Deposit Breakdown
Pg. 16
Asset Quality
Pg. 19
Yield Analysis
Pg. 23
Consumer Loans Performance
Pg. 29 Strong Retail Funding & Number of Account Growth
Pg. 32
Subsidiaries Performance
Pg. 38
Company Profile
Source: Bloomberg Source: Bloomberg
Consumer Confident Trends Remain Stable
Macroeconomic
Bank Indonesia Rate Increased 175 bps To 7.50%
Global Influence on Weaker Bond Market and IDR
Higher Inflation on New Subsidized Fuel Price
0
USDIDR 10Yr Govt Bond
0
GDP Growth BI Rate
0
Consumer Confidence Index
0
Banking Sector
As of Des‘13, banking sector data shows:
•
Loans +21.6%YoY to Rp 3,292tr (Investment loans
+34.95% YoY, working capital +20.43%, consumer
loans +13.67%)
•
Deposit +13.6% YoY to Rp 3,663tr (CASA +11.69%
YoY, Time Deposit +16.16% YoY, CASA Ratio 56.21%)
•
NPL -10bps YoY to 1.87%
•
ROA -3bps YoY to 3.08%
Source: Bank Indonesia
Source: Bank Indonesia
-Investment Loans WC Loans Consumer Loans
Result Summary
•
Net Interest Income at Rp 4.8tr (+30.8% YoY/ +2.5% QoQ)
•
PPOP at Rp 2.2tr (+27.7% YoY/ -14.9% QoQ)
•
LLP at Rp 616bn (+52.7% YoY/ +72.0% QoQ)
•
Net Income at Rp 1.37tr (+15.3% YoY/ -19.7% QoQ)
Income
Statement
•
Total Loans at Rp 45.3tr (+28.1% YoY/ +2.8% QoQ)
•
Total Financing at Rp 3.6tr (+21.5% YoY/ -3.5% QoQ)
•
Total Deposit at Rp 49.9tr (-1.2% YoY/ -11.6% QoQ)
•
Total Asset at Rp 70.9tr (+0.2% YoY/ -6.5% QoQ)
Balance
Sheet
•
NIM at 8.0% (+120bps YoY/ -9bps QoQ)
•
ROA (Net) at 2.1% (+11bps YoY/ -10bps QoQ)
•
ROE (Net) at 22.2% (+91bps YoY/ -128bps QoQ)
•
NPL (Gross) at 2.8% (+77bps YoY/ +37bps QoQ)
Target vs. Realization
(%) Target 1Q13 2Q13 3Q13 FY13
Loans Growth 25% - 28% 36.0 33.7 34.3 28.1 Deposit Growth 18% - 22% -5.1 10.6 7.3 -1.2 ROA (net) 1.8% - 2.0% 2.4 2.2 2.2 2.1 ROE (net) 20% - 22% 24.2 24.3 23.5 22.2
NIM 6.8% - 7.2% 8.2 8.2 8.0 8.0
Cost of Fund 5.0% - 5.5% 4.6 4.6 4.8 4.9 Cost to Income
Key Ratios (bank only)
Key Ratios FY12 1Q13 2Q13 3Q13 FY13
Profitability
ROA (net) 1.9 2.4 2.2 2.2 2.1 ROE (net) 21.3 24.2 24.3 23.5 22.2
Cost Ratios
Cost to Income Ratio 56.5 55.0 54.7 55.6 56.1 Expenses Ratio 80.0 74.4 75.9 77.0 79.4
Yield
Asset Yield 12.0 12.8 12.7 12.8 12.9 Cost of Fund 5.2 4.6 4.6 4.8 4.9
NIM 6.8 8.2 8.2 8.0 8.0 LDR 74.1 83.2 80.8 82.2 96.5
Asset Quality
Special Mention Loans 3.0 3.9 3.9 3.8 3.7 Gross NPL 2.1 2.1 2.3 2.5 2.8 Net NPL 0.5 0.7 0.6 0.6 0.6 Coverage Ratio 82.9 78.1 81.8 82.9 79.7 Provision/Total Loans 1.7 1.6 1.9 2.0 2.3
Credit Cost 1.2 1.2 1.3 1.2 1.3
Income Statement
Income Statement
(Rp bn) FY12 FY13
YoY (%)
Interest Income 6,796 8,133 19.7% Interest Expense (3,140) (3,351) 6.7%
Net Interest Income 3,655 4,782 30.8%
Fee Based Income 247 293 18.6% Operating Expense (2,164) (2,815) 30.1% Gain (Loss) on Financial Statement 15 (22) -
PPOP 1,753 2,238 27.7%
Loan Loss Provision (404) (616) 52.7% Non Operating Income 163 131 -19.6%
PBT 1,512 1,753 15.9%
Tax Expense (319) (376) 17.9%
Balance Sheet
Balance Sheet
(Rp bn) FY12 1Q13 2Q13 3Q13 FY13
YoY (%)
Cash 1,795 1,570 1,684 1,768 2,595 44.6% Current Account with
Bank Indonesia 4,666 3,659 4,127 4,249 4,454 -4.5% Secondary Reserves 24,075 19,887 19,926 19,740 13,135 -45.4%
Loans – net 34,769 37,198 41,046 43,154 44,289 17.6% Financing – net 2,834 2,965 3,295 3,626 3,532 24.6% Fixed Asset - net 735 1,002 1,010 1,006 699 -4.9% Other Asset 1,967 2,126 2,333 2,316 2,254 14.6%
Total Asset 70,841 68,407 73,421 75,860 70,958 0.2%
Total Third Party Fund 50,608 48,638 55,060 56,560 49,997 -1.2% Marketable Securities
Issued 2,395 2,395 2,396 2,396 2,397 0.1% Fund Borrowings 8,934 9,036 8,167 8,668 8,816 -1.3%
Others 2,895 2,625 1,711 1,792 3,030 4.7%
Total Liabilities 64,832 62,694 67,334 69,417 64,240 -0.9%
Loans Breakdown (bank only)
Total Gross
Loans 35,229 45,110 28.0 %
Consumer Loans
Key Indicators FY ‘12 FY ’13 YoY (%)
Loans Outstanding 22,626 28,857 27.5 %
Net Expansion
(Rp bn) 3,458 6,231 80.2 %
Interest Rate 15.00%-18.48% % eff. p.a
Asset Quality FY ‘12 FY ’13 YoY
Micro Loans
*Kredit Mikro Utama
Asset Quality FY ‘12 FY ’13 YoY
Net Expansion
(Rp bn) 1,570 808 -48.5%
Avg. Loans Outstanding
(Rp mn)
KMU (LHS) Govt Program (LHS)
Commercial Loans
Key Ratios FY ‘12 FY ’13 YoY (%)
Loans Outstanding 6,337 6,989 10.3 %
Net Expansion
(Rp bn) 1,935 652 -66.3%
Working Capital (LHS) Investment (LHS)
Mortgage Loans
Key Ratios FY ‘12 FY ’13 YoY (%)
Loans Outstanding 1,721 3,911 127.2 %
Net Expansion
(Rp bn) 1,268 2,189 72.6%
Avg. Loans Outstanding
(Rp mn)
Deposit Breakdown (bank only)
Asset Quality
Credit Provision (LHS) Absolute NPL (LHS) Coverage Ratio (RHS)
1.8
Special Mention Loans
Consumer (LHS) Micro (LHS) Commercial (LHS) Mortgage (LHS) % to Loans (RHS)
8 9 6 7 4 4 5 4 4 4 4 3 4
Non Performing Loans
Consumer (LHS) Micro (LHS) Commercial (LHS) Mortgage (LHS) % to Loans (RHS)
5 4 4 3 7 7 5 5 4 4 3 3 3
Yield Analysis
Asset Yield FY ‘12 FY ’13
Placement to Bank
Indonesia 4.1 4.2
Placement to Bank
Customer Based
Strong Customer Based on Consumer Loans
Fast Growing Retail Funding
84.5 84.1 83.2 82.3 82.4 82.0 80.2 78.7
Consumer Micro Commercial Mortgage
1.2 1.5 1.1 1.1 1.0 1.3 1.2 1.2 1.2 1.2 0.9 0.8 0.4
Capital Adequacy
Risk Weighted
Asset (RWA) FY ‘12 FY ’13 YoY (%)
Total RWA 25,244 32,351 28.2 %
Credit Risk 19,512 24,933 27.8 % Operational Risk 5,191 6,254 20.5 % Market Risk 541 1,165 115.1 %
RWA/Total Asset 37.7% 48.5% 10.8%
tier-1 4,650 5,350 15.1 % tier -2 (78) (10) -87.2 %
Total Capital 4,572 5,340 16.8 %
Tier-1 CAR 18.4% 16.5% -1.9%
Total CAR 18.1% 16.5% -1.6%
CAR Analysis Risk Weighting
Addition to RWA/ Rp1tr Net Expansion
Net Impact to CAR
(%)
Consumer Loans 50% Rp.500bn 0.25
Micro Loans 75% Rp.750bn 0.37
Commercial Loans 100% Rp.1tr 0.49
Mortgage Loans 40% Rp.400bn 0.20
•
Total CAR at 16.5% (-160bps YoY/ +8bps QoQ)
•
Overall Consumer Loans at 28.9 tr (+27.5% YoY/ +3.5% QoQ)
•
Net Expansion of +Rp6.2tr YoY/ +Rp985bn QoQ
•
Consumer Loans portfolio contribution total loans at 64.0%
( -25bps YoY/ +43bps QoQ)
Growth
•
Overall NPL at 0.12 % (-1bps YoY/ 0bps QoQ)
•
Absolute NPL at Rp 33.7bn (+4.4bn YoY/ +2.4bn QoQ)
•
Special Mention Loans at 0.22% (+2bps YoY/ +3bps QoQ)
•
Absolute Special Mention Loans at Rp 63.7bn (+18.1bn YoY / +9.8bn QoQ)
Quality
Consumer Loans
Net Expansion
(Rp bn) 3,458 6,231 80.2%
Median Interest
Rate 15.00%-18.45% % eff. p.a
Civil Servant Loans
Key
Indicators Dec ’12 Dec ‘13
YoY (%)
Loans Outstanding 21,829 26,839 23.0 %
Net Expansion
(Rp bn) 3,196 5,010 56.8%
Median Interest
Rate 15.00%-18.45% % eff. p.a
Pensioner Loans
Key
Indicators FY’12 FY‘13
YoY (%)
Loans
Outstanding 797 2,018 153.2 %
Net Expansion
(Rp bn) 261 1,221 367.8%
Median Interest
Rate 15.00%-18.45% % eff. p.a
Special Mention Loans
Pensioner Loans (LHS) Civil Servant Loans (LHS) Special Mention Loans (RHS)
95.7 96.4 96.4
Non Performing Loans
Civil Servant Loans (LHS) Pensioner Loans (LHS) NPL (RHS)
Key Ratios FY’12 FY’13 YoY (%)
Total Outstanding 11,517 14,671 27.4 %
Funding Contribution
(%) 24.2 31.4 7.2
Time Deposit Savings Account Current Account No of Accounts
Current
Good Cooperation With The Government
Retail Savings at the end of December 2013 amounted to Rp10,1 trillion, increased Rp3.0
trillion (YoY) due to the savings strategy undertaken included cooperation with Government
in raising deposits such as :
Cooperation
with
the
Ministry
of
Education
and
Culture
for distribution of Poor Students Aid Fund (BSM) for Fiscal Year 2013 to 2.4 million
poor students in West Java and Banten with managed portfolio Rp1.14 trillion.
Cooperation with Provincial Education Department of West Java and Banten
for distribution of Teacher Certification Funds and School Operational Assistance Fund
(BOS)
Programs Funds Realization on 2013 (Rp full amount)
Sharia Business Performance
Result Summary
•
Net Financing Income at Rp 265bn (+26.9% YoY)
•
Operating Expenses at Rp 232bn (-4.8% YoY)
•
Net Income at Rp 28bn (+255.8% YoY)
Income
Statement
•
Total Financing at Rp 3.6tr (+21.5% YoY)
•
Total Deposit at Rp 3.1tr (+5.0% YoY)
•
Total Asset at Rp 4.7tr (+10.7% YoY)
Balance
Sheet
•
NOM at 6.6% (-76bps YoY)
•
ROA at 0.9% (+150bps YoY)
•
ROE at 4.7% (+791bps YoY)
•
NPF Gross at 1.9% (-260bps YoY)
Ratios
Key Ratios
Key Ratios (%) FY ‘12 FY ’13 YoY
CAR 21.1 18.0 -3.1 NPF Gross 4.5 1.9 -2.6
NPF Nett 1.0 1.2 +0.2
ROA -0.6 0.9 +1.5
ROE -3.3 4.7 +8.0
NOM 7.4 6.6 -0.8
Income Statement
Income Statement
(Rp mn) FY ‘12 FY ’13
YoY (%)
Financing Income 358,614 508,023 41.7%
Financing Expense (150,124) (243,452) 62.2%
Net Financing Income 208,490 264,571 26.9%
Other Operating Income 12,308 8,608 -30.1%
Operating Expense (243,622) (232,041) -4.8%
Operating Income (22,824) 41,138 +280.2%
Non Operating Income (Expense) 4,644 (568) -112.2%
Income Before Tax (18,180) 40,570 +323.2%
Tax Expense - (12,254) -
Balance Sheet
Balance Sheet Highlight
(Rp mn) FY ‘12 FY ’13
YoY (%)
Cash 21,343 26,882 26.0%
Current Account with Bank Indonesia 142,262 129,494 -9.0%
Secondary Reserves 1,047,756 771,749 -26.3% Financing-net 2,833,959 3,531,665 24.6% Fixed Asset-net 141,149 160,886 14.0% Other Asset 52,980 74,413 40.5%
Total Asset 4,239,449 4,695,088 10.7%
Total Third Party Fund 2,975,062 3,122,446 5.0% Fund Borrowings 589,030 851,600 44.6%
Others 75,915 93,284 22.9%
Total Liabilities 3,640,007 4,067,330 11.7%
Sharia Performance
Total Gross Financing 2,958,321 3,593,760 21.5%
Funding
(Rp mn) FY ‘12 FY ’13
YoY (%)
Wadiah Current Account 210,876 245,489 16.4% Wadiah Savings Account 83,774 101,051 20.6%
Mudharabah Savings
Account 317,431 405,104 27.6% Mudharabah Time Deposit 2,362,981 2,370,802 0.3%
Total Funding 2,975,062 3,122,446 5.0% 1.6 1.6 1.6 1.6
Company Profile
Ownership
38.26
23.61 5.37
7.76
25
West Java Provincial Government West Java Municipal Government Banten Provincial Government Banten Municipal Government Public (B Series)
Ownership Structure FY12 FY13
Founder (A Series) 75.00 75.00
West Java Provincial Government 38,26 38,26
West Java Municipal Governments
23,61 23,61
Banten Provincial Government 5,37 5,37
Banten Municipal Governments 7,76 7,76
Public (B Series) 25,00 25,00
Local Retail 5,48 4,15
Local Institution 12,24 6,06
Foreign Retail 0,03 0,01
Road Map
A Strong Sustainable Growth and Profitable National Bank
2011-2012
2013-2014
2015
Building/Establishment
New Infrastructures
Strategy
Matching the 10 Biggest
Banks in areas :
o
HR competence/ IT
o
Services
o
Bank bjb `incorporated`
Strategy
Leading in Service
As One of the Big Banks
A National Bank
Leading in Service and
Performance
Strategy
Leading in Service and
Performance National Bank
Developing HR
Competence, IT
Infrastructure,
and organization for :
o
Micro & SME
Financing
o
Consumer &
Commercial Banking
o
Treasury &
Distribution Network
Micro Loans 623 bn Profit 623 bn 861,365Customers 8 Branch Offices 42 Sub Branches 34 Cash Offices 14 Payment Point 192 ATM Unit 100 Waroeng bjb 758 EmployeesWest Java 4,043,797 Customers 32 Branch Offices 188 Sub Branch 221 Cash Offices 92 Payment Point 757 ATM Unit 354 Waroeng bjb 4,624 Employees
Others
Deposits 2.0 Tr Loans 1.9 Tr Micro Loans 250.5 bn
Profit 13.7 bn 51,885 Customers 12 Branch Offices 12 Sub Branch Offices 4 Cash Offices 77 ATM Unit 25 Waroeng bjb 397 Employees
Jakarta
Branch Network Details
No bjb Network FY ‘12 FY ’13 YoY
1 Branch 56 62 6
2 Sub Branch 228 304 76 3 Cash Offices 140 266 126 4 Payment Point 101 107 6 5 ATM 743 1,139 396
6 Waroeng bjb (A,B & C) 207 510 303
7 Layanan bjb Precious 11 11 - 8 MSME Center 6 6 - 9 Mobile Cash 7 11 4 10 Weekend Banking 12 22 10 11 Forex Branches 25 47 22
Human Capital
Up to High School Up to Bachelor Degree
Masters and Doctorate
18 - 30
Age Breakdown
Educational Breakdown
Level FY ‘12 FY ’13 YoY Employee in Pension2013 Awards
2013 Awards
Indonesia Banking Awards – Best Performance Banking 2013 for Bank
Category BUKU III
Infobank Awards – Financial Performance
“Very Good” 2003 - 2012
Service Excellent Awards – Best Service Excellent for Conventional
Bank With Assets Under Rp 150 Trillion Jamsostek Regional Strategic Partner Awards
2013
Corruption Eradication Commission Awards–
Most Reported Gratification 2013
Indonesian Bank Loyalty Award –
Share Price Performance
Investor Relations Group
Menara bank bjb
7th Floor Jl. Naripan 12 – 14 Bandung 40111 +6222 4234868
ext 7140/7141
ir@bankbjb.co.id
Contact Person:
Muhammad As’adi Budiman Group Head
mbudiman@bankbjb.co.id
Irwan Riswandi Manager
iriswandi@bankbjb.co.id
Ari Budiman Officer
abudiman@bankbjb.co.id
Anjas Septa Lesmana Officer
aslesmana@bankbjb.co.id
Simon Sihol Panggabean Staff
spanggabean@bankbjb.co.id
Gilat Wijie Priyantama Staff
Menara bank bjb
Jl. Naripan 12 – 14 7th Floor
