5
Decreasing inflation gave room to monetary policy easing
Current account balance in 4Q16 was quite stable
Source : CEIC, Bloomberg
4Q16 GDP Growth
3.02 4.75
2 3
4 5
6 7
8 9
10
De c-
10 De
c- 11
De c-
12 De
c- 13
De c-
14 De
c- 15
De c-
16
Headline inflation YoY Core inflation YoY
BI Rate 7 Days RR
10 5
- 5
10 15
15 10
5 -
5 10
15 20
1 Q
10 2
Q 10
3 Q
10 4
Q 10
1 Q
11 2
Q1 1
3 Q
11 4
Q 11
1 Q1
2 2
Q 12
3 Q
12 4
Q 12
1 Q
13 2
Q1 3
3 Q
13 4
Q1 3
1 Q
14 2
Q 14
3 Q
14 4
Q 14
1 Q
15 2
Q1 5
3 Q
15 4
Q 15
1 Q1
6 2
Q 16
3 Q
16 4
Q 16
Capital and Financial Account
Current Account CA
BoP
4.5 5
5.5 6
6.5 7
4Q09 2
Q 10
4 Q
10 2Q11
4 Q
11 2
Q 12
4 Q
12 2
Q 13
4Q13 2
Q 14
4Q14 2
Q 15
4 Q
15 2
Q 16
4 Q
16
5.57
3.07 4.94
6.50
NIM 6.
4 Supports
12. 7
YoY PPOP
Gr owth
22.10 24.40
22.00 22.55
22.23 20.95
18.33 9.66
2009 2010
2011 2012
2013 2014
2015 2016
R e
turn on E
qu ity
Tot al
CAS A
Rp Bn
Non P erf
ormi ng
Loan
186,492 201,958
256,395 316,127
359,957 380,512
443,874 489,380
2009 2010
2011 2012
2013 2014
2015 2016
2.79 2.42
2.21 1.87
1.90 2.15
2.60 4.00
2009 2010
2011 2012
2013 2014
2015 2016
7,155 9,218
12,246 15,504
18,204 19,872
20,335 13,807
2009 2010
2011 2012
2013 2014
2015 2016
E arni
ng Aft
er T a
x Rp
Bn
12,430 16,693
19,234 23,018
28,408 31,507
38,381 43,258
2009 2010
2011 2012
2013 2014
2015 2016
P P
OP Rp
Bn Ne
t In
ter es
t Mar gi
n
5.04 5.28
5.11 5.46
5.74 5.97
6.08 6.44
2009 2010
2011 2012
2013 2014
2015 2016
Y o
Y 12.7
Y o
-32 .1
Y o
Y -47
.3 Y
o Y
10.3 Y
o Y
53 .7
Y o
Y 6
.0
FY 2015 FY 2016
Loans Rp 595.5Tn
Rp 662.0Tn 11.2
Gross NPL Ratio
Net NPL Ratio
2.60
0.90
4.00
1.53
53.7
69.3
Low Cost Funds Ratio
[Low Cost Funds Rp]
65.6
Rp 443.9 Tn
64.2
Rp 489.4 Tn
2.2
10.3
NIM 6.08
6.44 6.0
Efficiency Ratio 43.0
42.4 1.4
PPOP Rp 38,381 Bn
Rp 43,258 Bn 12.7
Earnings After Tax Rp 20,335 Bn
Rp 13,807 Bn 32.1
7
Ba k Ma di i s FY 2016 performance across several key indicators:
8
2,129 5,671
1,426 1,404
3,546
2,776 5,797
1,775 2,166
3,874
Micro Business Banking
Consumer Commercial
Corporate Treasury Markets
FY 16 FY 15
Net Interest Income Analysis FY 2016 YTD
Rp Bn
Fee Based Income FY 2016 YTD
Rp Bn
5 ,7
8 3
4 ,661
4 ,342
2 ,698
FY16 FY15
3 ,9
6 5
5 ,772
1 ,916
1 ,272
FY16 FY15
3 ,8
9 3
,835 12
,039
7 ,825
FY16 FY15
6 ,4
6 4
7 ,333
6 ,899
4 ,590
FY16 FY15
10,125
7,359 5,881
7,044 15,846
11,660 13,363
11,923
Treasury Markets
Corporate Banking
Commercial Banking
Consumer Banking
Micro Business
Banking
4 ,354
3 ,2
4 4
22 380
FY16 FY15
3,624 4,376
Not including the unallocated income
Deposits by Product – Consolidated
Rp Tn Loans by SBU + Subsidiaries
Rp Tn
97.1 121
.9 151
.8 186
.9 214
.7 201
.9 203.
208 .0
227 .7
207. 3
211. 218
.1 243
.7 224
.1 247
.9 247
.2 272.
9.7 11.6
12.0 15.3
20.7 22.1 23.2 22.3
24.7 23.3 25.4
29.4 28.0
24.7 25.7 27.0
30.3
53 .9
46 .2
67 .3
77 .9
73.4 67
.2 74
.2 79.6
78.9 83
.4 91
.7 90
.7 101
.2 95
.4 100.
2 101
.2 124
.4
18.8 22.2
25.3 36.1
51.1 43.5 45.0
52.0 49.1
58.1 75.8
77.6 70.9
62.4 65.6 61.8
62.7
108 .4
147 .8
148. 1
150 .7
176 .2
176. 9
190. 201
.6 222
.3 226
.2 220
.5 212
.1 206.
3 224
.4 227
.8 229
.6 242
.1
15.1 12.5
17.8 16.1
20.1 20.0
20.5 27.5
33.7 30.5 30.5 26.6
26.2 24.2
24.2 23.6 31.1
20 40
60 80
100 120
140 160
180 200
220 240
260 280
300 320
340 360
380 400
420 440
460 480
500 520
540 560
580 600
620 640
660 680
700 720
740 760
780 800
4 Q
09 4Q
10 4
Q 11
4 Q
12 4
Q 13
1 Q
14 2
Q 14
3Q 14
4 Q
14 1
Q 15
2Q 15
3Q 15
4 Q
15 1
Q 16
2 Q
16 3
Q 16
4 Q
16 FX Time
Rp Time FX Demand
Rp Demand FX Savings
Rp Savings
69 .8
93 .1
110 .9
130 .2
167 .9
164.7 165
.2 175
.7 175
.8 174
.5 180
.6 185
.0 198
.8 185.2
205.0 211.4
230 .3
4.5 1.4
1.4 1.8
2.0 2.3 1.3 1.3 1.3 0.8 1.0
0.9 1.4
1.3 1.2 1.1
1.1
49 .1
63 .8
80 .7
102.7 116
.9 116
.3 123
.7 127
.7 142
.8 145
.1 148
.9 149.4
160.6 153.7
158 .5
162 .6
165 .2
23.6 30.7
39.0 47.7
56.6 57.4 60.3 62.4
64.7 65.7 67.7 69.5
72.3 73.4
76.1 78.9
84.8
17.1 22.7
30.2 38.4
46.5 46.3 49.0
52.0 56.0 55.3
57.9 57.9 60.5
56.1 60.0
59.8 60.8
5.4 7.3
11.8 19.0
27.0 28.2 31.0
32.7 34.6 37.2
39.7 40.0 42.5
44.2 46.0 46.7
50.6
18.8 27.2
40.5 48.9
55.5 55.3 55.5
54.6 54.7 54.3
57.0 57.9 59.4
60.9 63.9
64.8 69.3
20 40
60 80
100 120
140 160
180 200
220 240
260 280
300 320
340 360
380 400
420 440
460 480
500 520
540 560
580 600
620 640
660 680
700
4 Q
09 4
Q 10
4Q 11
4Q 12
4Q 13
1 Q
14 2
Q 14
3 Q
14 4
Q 14
1 Q
15 2Q
15 3
Q 15
4 Q
15 1
Q 16
2 Q
16 3
Q 16
4 Q
16 Subsidiaries
Micro Small
Cons Comm
Intl Corp + SAM
Y-o-Y
18.7
17.3
11.7 22.9
11.6
Y-o-Y
0.5
2.8
15.8 25.3
8.1
11.2
662.0 Tn
Total Total
676.4 Tn 762.5 Tn
12.7
16.7
9
595.5 Tn
17.3 19.1
10
Assets 4Q 2016
4Q 2015 Liabilities
4Q 2016 4Q 2015
Cash 22,907
25,109 Current Account 187,052
172,166 Current Acc w BI Other Banks
62,848 66,470 Savings
302,328 271,708
Placement w BI Other Banks 73,700
37,388 Time Deposits 273,121
232,514 Advances Other
30,713 26,244
Marketable Securities 56,791
43,951 Total Deposits 762,501
676,387
Government Bonds 98,933
103,869 Loans Gross
662,013 595,458 Securities Issued
9,026 2,398
Provisions of Loans 32,945
22,558 Deposits from other banks 9,675
12,954 Net Loans
629,068 572,899 Subordinated Debt
215 3,738
Reverse Repo 5,054
677 Borrowings 35,883
33,765 Other Provisions
2,333 2,224 Other Int. Bearing Liabilities
18,142 16,194
Deferred Tax Assets 5,990
4,835 Non Int. Bearing Liabilities 49,894
45,135 Other Assets
55,034 30,846 Equity incl. Minority Interest
153,370 119,492
Total 1,038,706
910,063 Total 1,038,706
910,063
11
Summary PL Rp Bn 4Q 2016
3Q 2016 Q-o-Q
4Q 2015 4Q Y-o-Y
FY 2016 FY 2015
FY Y-o-Y
Interest Income 19,825
20,518 -3.4
18,933 4.7
76,710 71,570
7.2 Interest Expense
6,656 6,104
9.0 6,022
10.5 24,885
26,207 -5.0
Net Interest Income 13,168
14,413 -8.6
12,911 2.0
51,825 45,363
14.2
Net Premium Income 357
751
-52.5
696
-48.7
2,652 3,137
-15.4 Net Interest Income Premium Income
13,525 15,164
-10.8 13,607
-0.6 54,478
48,500 12.3
Other Non Interest Income Other Fees and Commissions
3,202 2,755
16.2 2,443
31.1 11,440
10,015 14.2
Foreign Exchange Gains - Net 631
618 2.0
844 -25.3
2,265 2,238
1.2 Gain fr. sale Incr. in Val Sale of Bonds
90 263
-65.9 178
-49.5 762
257 196.1
Others 1,899
1,399 35.8
2,015 -5.7
5,581 6,126
-8.9
Total Non Interest Income 5,822
5,036 15.6
5,479 6.2
20,048 18,636
7.6
Total Operating Income 19,347
20,200 -4.2
19,086 1.4
74,526 67,136
11.0 Provisions, Net
8,734 6,023
45.0 3,552
145.9 24,645
12,043 104.6
Personnel Expenses 3,435
3,290 4.4
3,444 -0.3
13,619 12,377
10.0 GA Expenses
3,517 3,497
0.6 3,730
-5.7 13,958
12,800 9.0
Loss from decr. in value of Sec Gov Bonds -
- -
- -
- -
- Other Expenses
1,011 889
13.7 906
11.6 3,691
3,578 3.2
Total Expense 7,963
7,676 3.7
8,080 -1.4
31,268 28,755
8.7 Profit from Operations
