PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
122
53. CUSTODIAL AND TRUST OPERATIONS continued
Bank Mandiri Wali Amanat has 30 and 31 trustee customers as of December 31, 2006 and 2005 with the total value of bonds and MTN issued amounted to Rp9,852,386 and US100,000,000 full amount and
Rp9,381,567 and US100,000,000 full amount, respectively. While the sinking fund managed and escrow account amounted to Rp50,461 on behalf of 8 customers and Rp374,582 on behalf of 6 customers as of
December 31, 2006 and 2005, respectively. Both Bank Mandiri Trust and Custodial Services have received Quality Certification ISO 9001 in 2000.
54. CHANNELING LOANS
Channeling loans based on sources of funds and economic sectors are as follows:
2006 2005
Government: Electricity, gas and water
8,349,541 9,295,177
Transportation and communications 4,185,230
4,973,541 Agriculture
1,307,609 1,492,249 Manufacturing
769,286 796,800 Mining
36,266 65,995 Construction
14,084 15,558 Others
102,055 110,375 14,764,071 16,749,695
Bank Mandiri has been appointed to administer channeling loans in various foreign currencies received by the Government of Indonesia from various bilateral and multilateral financing institutions for financing
government projects through BUMN, BUMD, and PEMDA, such as, Overseas Economic Cooperation Fund, Protocol France, International Bank for Reconstruction and Development, Asian Development Bank,
The Swiss Confederation 30.09.1985, Kreditanstalt Fur Wiederaufbau, Banque Paribas, IGGI, Nederland Urban Sector Loan De Nederlanse Inveseringsbank voor Ontwikkelingslanden NV, Swiss Government,
Banque Français Credit National, US EXPORT IMPORT BANK, RYOSIN INT’L LTD, HKG, AUSTRIA, Swiss Banks Consortium 16.12.1994, The European Investment Bank, West Merchant Bank Ltd, Sumisho,
Fuyo, LTCB, Orix Sinco, Export Finance And Insurance Corporation EFIC Australia, Japan Bank for International Cooperation, Calyon BNP Paribas, BNP Paribas CAI, BELGIA, MEESPIERSON N.V.
Netherland 14.07.1994, France Government. Channeling loans are not recognized in the consolidated balance sheets as the credit risk is not borne by
the Bank or its Subsidiaries. Bank Mandiri’s responsibilities under the above arrangements include, among others, collections from borrowers and payments to the Government of principal, interest and other charges
and the maintenance of loan documentation. As compensation, Bank Mandiri receives bank fee which varies from 0.15 - 0.40 of the interest paid from the borrowers and 0.50 from the average loan
balance in one year.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Year Ended December 31, 2006 With Comparative Figures For 2005
Expressed in millions of Rupiah, unless otherwise stated
123
55. RISK MANAGEMENT
