Provision on the use of the company's profit for the business year that ended on the thirty-first. Change/change in the composition of the members of the board of directors and/or the board of trustees of the company;--- 4. The company's management and control officers, which they performed in the financial year that ended on the thirty-first day of December two thousand and thirteen.
The report of the duties of the Board of Commissioners for the financial year ending December 31, two thousand and thirteen contained in the book Annual Report for the year 2013 (two thousand and thirteen); ERWAN YURIS ANG as Independent Director of the Company in accordance with the Decision of the Board of Directors of PT. The shareholders or representatives of the shareholders who gave dissenting or abstention votes (blank votes) were asked to raise their hands;--- -Voting was conducted verbally by the method of combining votes in accordance with the rules of the Meeting's order;-- - -Results of voting were as follows:--- -There were one hundred and seventeen million nine thousand nine hundred and fifty two) dissenting votes;.
Logo BCA
However, this flow of funds has been variable and directly related to the US recovery process. The policy direction adopted in 2013 has encouraged the consolidation of the Indonesian economy. We believe that extending credit is one of the essential factors of the relationship banking approach.
We estimate that the interest rate will remain at a relatively high position in 2014 in line with Bank Indonesia's efforts to maintain the stability of the national economy. Lending opportunities and new business development will optimize the Bank's benefits as a provider of banking services. In the phase of credit activity consolidation this year, the bank will continue to evaluate and perfect credit infrastructures to support long-term and short-term interests.
In 2014, the Bank will begin to explore the life insurance business through the formation of the new subsidiary. BCA will be flexible and ready to make adjustments to the strategic steps in accordance with the economic conditions as well as the most recent business environment that optimizes the interests of the stakeholders. Authority and authorization granted to the Board of Directors (with the approval of the Board of Commissioners), if the financial condition of the Company makes it possible to stipulate and pay interim dividends for the 2013 financial year.
Logo BCA
Total Assets
The growth in total assets was driven by the growth of third-party funds, whether from transaction accounts and deposit funds, but also by the growth of equity in 2013. The increase in the composition of the loan portfolio towards the earning assets as well as a gradual increases in interest rates on most earning assets increased the returns on earning assets as a whole. At the end of 2013, total placements in Bank Indonesia and other banks amounted to IDR 12.3 trillion, down 57.5% compared to that of the previous year, which was IDR 28.8 trillion.
The decline was mainly due to a decrease in the number of placements at Bank Indonesia in the form of term deposits, which amounted to IDR 5.5 trillion in 2013, compared to that of 2012, which amounted to IDR 21.6 trillion. The decline in these instruments was offset by an increase in other earning assets, particularly in the loan portfolio and securities purchased under resale agreements. At the end of 2013, securities purchased under resale agreements amounted to IDR 41.1 trillion, an increase of 19.2% compared to the previous position in 2012, which was IDR 34.4 trillion.
At the end of 2013, investment securities amounted to IDR 49.2 trillion, compared to that of IDR 47.9 trillion at the end of the previous year. Most of the securities consist of government bonds, corporate bonds and Bank Indonesia certificates. At the end of 2013, the outstanding value of the three components was IDR 34.3 trillion, IDR 7.0 trillion and IDR 4.7 trillion, respectively, contributing to the total investment securities of 9.5%.
Credit Portfolio
In 2013, BCA tightened its lending discipline, including by prioritizing lending to customers who had built up a good relationship with the Bank. Such measures were reflected in non-performing loans (NPLs), which were relatively low compared to the national banking sector average. The NPL ratio remained at a low level of 0.4%, which was accompanied by a reserves to non-performing loans ratio of 408.7%.
These steps were taken to anticipate the possibility of a direct and/or indirect impact on the quality of the credit portfolio that could be caused by macro conditions such as economic weakness, increase in inflation and fluctuations in the Rupiah exchange rate. BCA can therefore quickly take corrective action to mitigate the potential negative impact on the credit portfolio.
Third Party Funds
BCA could therefore quickly take corrective measures to mitigate the potential negative impact on the loan portfolio. and savings account or CASA) became the main source of funding contributing 78.9% of the total third party funds. The growth in deposit rates is in line with the increase in deposit rates since May 2013, when BCA took proactive steps to offer a more attractive deposit rate as there are signs of tighter liquidity.
Stockholders’ Equity
Previously, BCA sold treasury shares in aggregate in August 2012 at the price of IDR 7,700 per share. From the sale of these shares, BCA received gross income of IDR 700.6 billion. The sale of treasury shares increased capital and made a positive impact on CAR of BCA. With the sale of treasury shares, BCA has had no more treasury shares since February 2013.
Operating Income
Interest income from the credit portfolio increased by IDR 27.2% OR IDR 5.6 trillion to IDR 26.2 trillion compared to IDR 20.6 trillion in 2012. Interest income from credit lending contributed 76.3% to total interest income in 2013, up from 2012. in 2012. Total interest income from securities (including securities purchased under resale agreements) was recorded at IDR 4.9 trillion, slightly down 1.5% from the same period last year.
Interest income from investments in Bank Indonesia and other banks fell by 29.5%. Financing and leasing investments, which constitute interest income for vehicle financing of the operating income of the subsidiary, namely BCA Finance, increased by 18.4% to IDR 1.7 trillion in 2013 compared to IDR 1.4 trillion in 2012. For financing from deposits, interest costs were relatively stable and amounted to IDR 3.2 trillion in 2013.
A significant increase in interest income and stability in interest expenses resulted in an increase in BCA's net interest income of 24.4% or IDR 5.2 trillion to IDR 26.4 trillion in 2013. Most of the increase came from income from monthly administrative expenses, income from credits and commission and credit card commission and an increase in the bank transaction service commission in accordance with the increase in the total number of customers and/or transactions performed. In August 2012, monthly administrative fees for savings accounts increased to IDR 12,000 from IDR 10,000 per account.
Operating Expenses
The Employee Expenses increased by 11.5% to IDR 6.9 trillion in 2013, which reflected an increase in salary and allowance. In addition, with the reduction in oil fuel subsidies fueling inflation, BCA proactively made adjustments to salaries of employees who experienced the greatest impact from the increase in oil fuel prices. In 2013, BCA paid some of employees' bonuses in the form of BCA shares, which continued the previous year's program.
The BCA shares were bought through the market and there was a lock-up period of 3 years.
Costs of Allowance for Impairment Losses
The Company’s Net Profits
Supervisory tasks The board's report To the annual general meeting for 2014 PT Bank Central Asia, Tbk. Dear shareholders, representatives of the shareholders, BCA's board and the audience, The Board of Commissioners and the committees supporting the Board also actively reviewed various reports and policies for the Company.
The Board of Commissioners carried out their duties and responsibilities with reference to the provisions of the Statutes and the existing laws and regulations as well as good corporate governance. In order to maintain objectivity and independence, the Board of Commissioners is not involved in decision-making in relation to the Company's. The Board of Commissioners also discussed with the Board of Directors about the Company's competence development and business management.
We see the Company's Board of Directors and management remaining consistent in developing the IT infrastructure and human resources as an important factor in supporting future business growth. The efforts undertaken by the Board of Directors and management in the development of the Company have been reflected in the achievement of the financial performance of PT Bank Central Asia Tbk in 2013. Furthermore, we submit that the Board of Commissioners did not find violations of laws and laws and regulations in finance and banking and circumstances or assessments that could harm the continuity of the Company's business.
Logo BCA
A total of two trillion IDR nine hundred fifty-eight billion six hundred one million two hundred thousand rupiah will be distributed as cash dividend for the financial year 2013 to the shareholders entitled to cash dividend, the total of these cash dividends The dividends already include the interim dividends paid on were paid by the Company on December 17, 2013. Thus, the total dividends of the Company amount to IDR 120 (one hundred and twenty rupiah) per share. Furthermore, with regard to the bonus that would be awarded to the members of the Board of Directors and the members of the Supervisory Board of the Company, taking into account the input of the Remuneration and Nomination Committee, as shown in the letter from the Remuneration Committee and Nomination Committee dated March 4, 2014 Number: 001/SK/KRE/2014, it was proposed to pay a maximum amount of IDR two hundred thirteen billion eight hundred seven million four hundred sixty-six thousand three hundred and six rupiah) as a bonus to the members of the Board of Directors and members of the Supervisory Board of the Company who are in office in the 2013 financial year;.
