PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
77
25. FUND BORROWINGS continued
c PT Permodalan Nasional Madani Persero This account represents credit facilities obtained from PT Permodalan Nasional Madani Persero,
which borrowings were re-loaned by Bank Mandiri to the members of the Primary Cooperative Kredit Koperasi Primer kepada Anggotanya [KKPA]. These facilities are subject to interest at 7 per
annum. The loan terms and installment payments schedule reflect the terms of the individual loan agreements.
d PT Bank Ekspor Indonesia Persero This account represents credit facilities for export working capital obtained from Bank Ekspor
Indonesia based on the facility agreement No. 064PPF122000 dated December 12, 2000 between PT Bank Ekspor Indonesia Persero and PT Bank Mandiri Persero Tbk. The agreement was for the
period from December 20, 2000 until December 19, 2001, and was extended annually with the latest agreement No. 054PPF122005 to December 16, 2006. The facilities were re-loaned to direct and
indirect exporter customers of Bank Mandiri and bear interest at market rates. The facilities were fully repaid on January 31, 2007.
e Trade Financing Facilities Trade financing facilities represent short-term borrowings with tenors between 129 to 185 days and
bear interest at LIBOR or SIBOR plus an applicable margin. These borrowings are guaranteed by letters of credit issued by Bank Mandiri. The details of the borrowings are as follows:
2007 2006
JP Morgan Chase NA, Singapore 939,300
- Bank of New York, Singapore
751,440 -
Wachovia Bank NA, USA 704,475
- ABN AMRO, Singapore
610,545 -
ING Bank, Singapore 563,580
- Standard Chartered Bank, Singapore
469,650 -
Credit Suisse, Singapore 469,650
- Bank of Nova Scotia, Singapore
469,650 -
Commerzbank AG, Germany 375,720
- DBS Bank, Ltd., Singapore
281,790 -
AMEX Bank, New York 281,790
- Overseas Chinese, Singapore
234,825 -
National Bank of Dubai, UAE 234,825
- Bank of America, San Fransisco
187,860 -
DZ Bank AG, Singapore 159,681
- Dresdner Bank, AG, Frankfurt
140,895 67,523
Bayerische Landesbank, Munchen -
67,523 Natexis, Singapore
- 19,808
6,875,676 154,854
f Direct Off-shore Loans The details of direct off-shore loans are as follows :
2007 2006
Syndicate OCBC, Natixis, Intesa San Paolo SPA, DZ Bank AG, Bank Muscat S.A.O.G
563,580 -
Sumitomo Mitsui Banking Corporation, Singapore 281,790
270,090 Deutsche Bank AG, Singapore
- 675,225
Bayerische Hypo-Und Vereinsbank AG, Singapore -
135,045 Natixis, French
- 135,045
Overseas Chinese Banking Corp., Singapore -
135,045 Bank of New York, Singapore
- 9,003
845,370 1,359,453
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
78
25. FUND BORROWINGS continued f Direct Off-shore Loans continued
