These consolidated financial statements are originally issued in Bahasa.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
As of December 31, 2015 and for the year then ended Expressed in millions of Rupiah, unless otherwise stated
70
4. CURRENT ACCOUNTS WITH BANK INDONESIA
December 31, December 31,
2015 2014
Rupiah 44,557,520
40,379,267 United States Dollar Note 61B.v
11,756,796 10,219,573
56,314,316 50,598,840
As of December 31, 2015 and 2014, the Bank’s Minimum Statutory Reserve complies with Bank Indonesia BI Regulation No. 1310PBI2011 dated February 9, 2011, which latest amended by BI
Regulation No. 1721PBI2015 dated November 26, 2015 regarding the latest amendment of Bank Indonesia Regulation No. 1515PBI2013 regarding Minimum Statutory Reserve of Commercial Banks
in Rupiah and foreign currencies which are as follows:
December 31, December 31,
2015 2014
Rupiah - Primary Minimum Statutory Reserve
7.50 8.00
- Secondary Minimum Statutory Reserve 4.00
4.00 Foreign Currencies
8.00 8.00
Primary Minimum Statutory Reserve liabilities Rupiah as of December 1, 2015 decrease from 8.00 to 7.50.
Primary Minimum Statutory Reserve is a minimum reserve that should be maintained by the Bank in the Current Accounts with Bank Indonesia. Secondary Minimum Statutory Reserve is the minimum
reserves that should be maintained by the Bank, comprises of Certificates of Bank Indonesia SBI, Certificate of Bank Indonesia Deposit SDBI, Treasury Bills andor Excess Reserve, which is
determined by Bank Indonesia. Minimum Statutory Reserve on Loan to Funding Ratio LFR is the Minimum Statutory Reserve that should be maintained by the Bank in the form of Current Account with
Bank Indonesia, if the Banks LFR below the minimum of LFR targeted by Bank Indonesia 78 and if the Banks LFR above the maximum of LFR targeted by Bank Indonesia 92 given that the Capital
Adequacy Ratio below BI requirement of 14.
LFR is a ratio of loan to third parties issued by the bank in Rupiah and foreign currency, not include loan to other banks, towards:
a. Third Party Funds that includes current accounts, saving accounts, and time deposits in Rupiah and foreign currencies, excluding interbank funds; and
b. Marketable securities in Rupiah and foreign currencies that meet certain requirements issued by the Bank for obtaining capital.
Based on Bank Indonesia BI Regulation No. 1711PBI2015 dated June 25, 2015, the citation of Loan to Deposit Ratio LDR on Bank Indonesia BI Regulation No. 1515PBI2013 has been
changed into Loan to Funding Ratio LFR since August 3, 2015 and calculation of Minimum Statutory Reserve of LFR has become effective since August 3, 2015.
Excess Reserve is an excess Bank’s balance of the Rupiah Account of Primary Minimum Statutory Reserve and Minimum Statutory Reserve on Loan to Funding Ratio that should be maintained in Bank
Indonesia.
