8. Work Plan of IRMC in 2023
The IRMC has prepared a work plan for 2023, including:
a. Providing information on the results of the integrated stress test of the BCA Financial Conglomerate in 2023.
b. Providing Information on the BCA Financial Conglomerate Integrated Risk Profile Report, Semester II of 2022.
c. Providing Information on the BCA Financial Conglomerate Integrated Risk Profile Report, Semester I of 2023.
d. Other issues related to integrated risk management.
2. Main Functions, Authorities, Duties and Responsibilities of CPC
Main Functions of CPC
CPC has the following main functions:
• Assist the Board of Directors in formulating credit policies, especially those relating to prudential principle in credit.
• Monitor and evaluate the implementation of credit policies in order to be implemented consistently and consequently.
• Conduct periodic reviews of the Bank Basic Credit Policy of BCA.
• Monitor the development and condition of the credit portfolio.
• Provide suggestions and corrective measures for the results of monitoring and evaluation that have been carried out.
Authorities of CPC
CPC has the authority to provide recommendations on corrective measures to the Board of Directors on issues relating to credit policy.
Duties and Responsibilities of CPC
Main duties of the CPC members are as follows:
• Provide input to the CPC secretary in preparing the agenda and meeting materials.
• Provide opinions in the form of information and analysis at CPC meetings to form CPC decisions, concerning:
- Development of credit policies (Corporate Loans, Commercial Loans, SME Loans, Small Enterprises Loans, Consumer Loans, Credit Card, and Interbank Credit) in accordance with the mission and business plan of BCA.
- Compliance with statutory provisions in granting credit.
- Development and quality of the overall credit portfolio.
- The veracity of exercise authority to decide on credit.
- The veracity of the process of granting, developing, and quality of credit given to related parties and certain large debtors.
- The veracity of the implementation of the legal lending limit (LLL).
- Settlement of non-performing loans in accordance with the provisions of the credit policy.
- BCA’s fulfillment of adequacy of the allowance for credit write-offs.
- Results of supervision of the application and implementation of the bank basic credit policy.
3. Meeting of CPC
The provisions in implementing CPC meetings are as follows:
• CPC meetings are held as needed and at least once per year.
• CPC meetings are valid if attended by at least 2/3 (two-thirds) of the total members.
4. Decision Making
The decision-making provisions of the CPC are as follows:
• Decision making regarding to the use of the CPC’s authority can be carried out through circulation to CPC members or through legitimate CPC meetings.
• Decisions through meetings or circulations to CPC members will be considered valid and binding if approved by more than ½ (one-half) of the members present.
5. Frequency of CPC Meetings in 2022
As of December 31, 2022, the CPC had held 1 meeting, with the following details on CPC member attendance:
Position Number of
Meetings Attendance Percentage
President Director (Jahja Setiaatmadja) 1 1 100%
Deputy President Director I (Suwignyo Budiman) 2) - - -
Deputy President Director I – IT & Digital Banking
(Gregory Hendra Lembong)3) 1 1 100%
Credit Risk & Legal Director (Subur Tan) 1 1 100%
Commercial & SME Banking Director (John Kosasih) 1) 1 1 100%
Corporate Banking & Treasury Director (Rudy Susanto) 1) 1 1 100%
Transaction Banking Director (Santoso) 1) 1 1 100%
Risk Management Director (Antonius Widodo Mulyono)4) 1 1 100%
Compliance & Human Capital Management Director
(Lianawaty Suwono) 5) 1 0 0%
Branch & Network Director (Frengky Chandra Kusuma) 6) 1 1 100%
Executive Vice President (EVP) in charge of Treasury &
International Banking 1) 1 1 100%
Executive Vice President (EVP) in charge of Credit Risk
Analysis 1) 1 1 100%
Executive Vice President (EVP) in charge of Corporate
Banking & Transaction 1) 1 0 0%
Head of Credit Risk Analysis or replacement official 1) 1 1 100%
Head of SME & Commercial Business or alternate official 1) 1 1 100%
Head of Corporate Banking, Transaction & Finance or
alternate official 1) 1 1 100%
Head of Consumer Finance or alternate official 1) 1 1 100%
Head of Transaction Banking Services or alternate
official 1) 1 1 100%
Head of International Banking or alternate official 1) 1 1 100%
Head of Internal Audit or replacement for the head 1 1 100%
Head of Compliance or alternate official 1 1 100%
Head of Risk Management or alternate official 1 1 100%
Description:
1) According to the topic discussed.
2) At the AGMS on March 17, 2022, the Director’s office term has ended.
3) Appointed as Deputy President Director I based on OJK Letter No. 10/KDK.03/2022 dated April 22, 2022.
4) Appointed as Director based on OJK Letter No. No. 9/KDK.03/2022 dated April 22, 2022 and effective from May 9, 2022.
5) Appointed as Director in charge of the Compliance function based on OJK Letter No. 8/KDK.03/2022 dated April 22, 2022.
6) In accordance with the topics discussed but do not have voting rights.
Details of the implementation of CPC meetings throughout 2022 are as follows:
No. Date Agenda
1. September 7, 2022 1. The Authority to Approve Credit with respect to the most recent Allocation of Board of Directors’ Duties and Responsibilities and Director’s substitute.
2. Delegation of Authority from 3 Directors to 2 Directors in stages.
3. The Authority to Decide Normal Restructuring.
6. Accountability Reporting
Responsibilities and work realization of the CPC are reported through:
• Periodic written reports to the Board of Directors with a copy to the Board of Commissioners regarding the results of supervision, monitoring and evaluation of the implementation of the Bank Basic Credit Policy as well as suggestions for the necessary improvements.
• Reports related to data and other information relating to the results of supervision, monitoring and evaluation of activities.
7. Realization of Work Program in 2022
Throughout the organization in 2022, the CPC has implemented the work program, which provides recommendations concerning the following:1. The authority to approve credit with respect to the most recent allocation of board of directors’ duties and responsibilities and director’s substitute.
2. Delegation of authority from 3 (three) Directors to 2 (two) Directors in stages.
3. The authority to decide normal restructuring.
8. CPC Work Plan in 2023
CPC has established work plans for 2023 as follows:
• Evaluate and recommend credit policies.
• Monitor the implementation of credit policies to ensure BCA’s compliance towards the applicable credit policies.
• Monitor the development and quality of the credit portfolio as a whole.
• Identify new regulations issued by regulators and their impact on BCA’s internal policies.
V. CREDIT COMMITTEE
The Credit Committee (CC) was formed to assist the Board of Directors in evaluating and/or making credit decisions within the authority limits set by the Board of Directors, as stipulated in the BCA’s Articles of Association, while taking business development into account and implementing the prudent principle.