PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5133 54. CUSTODIAL AND TRUST OPERATIONS continued
Trust Operations Bank Mandiri had been rendering trustee services since 1983. The operating license for trustee
services was renewed and re-registered with Capital Market and Financial Institution Supervisory Board as stipulated in Decision Letter No. 17STTD-WAPM1999 dated 27 October 1999. The Trustee
Services Business TSB provides a full range of the following services:
a. Trustee for bonds MTN
b. Escrow Account Agent
c. Paying Agent
d. Initial Public OfferingIPO Receiving Bank
e. Security Agent
As at 31 December 2009, Bank Mandiri as Trustee has 23 trustee customers with the total value of bonds and MTN issued amounting to Rp16,184,400, as at 31 December 2008 has 25 trustee customers
with the total value of bonds and MTN issued amounted to Rp14,124,400, and as at 31 December 2007 has 37 trustee customers with the total value of bonds and MTN issued amounted to
Rp13,686,607 and USD100,000,000 full amount, respectively. While the sinking fund, escrow account and third party funds managed amounted to Rp463,128 on behalf of 14 customers, Rp378,176 on
behalf of 26 customers and Rp448,816 on behalf of 17 customers as at 31 December 2009, 2008, and 2007, respectively.
Both Bank Mandiri Trust and Custodial Services have received Quality Certification ISO 9001:2000.
55. CHANNELING LOANS
Channeling loans based on sources of funds and economic sectors are as follows:
2009 2008
2007
Government: Electricity, gas and water
8,979,953 9,130,302
7,602 ,067 Transportation and communications
3,029,800 4,107,413
3,915,733 Manufacturing
436,542 461,571
742,653 Agriculture
244,417 1,173,697
1,249,057 Construction
11,273 11,273
11,394 Mining
- -
12,612 Others
82,812 86,988
95,338 12,784,797
14,971,244 13,628,854
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, BNP Paribas, Nederland Urban Sector Loan De Nederlanse Inveseringsbank voor Ontwikkelingslanden NV, Swiss
Government, Banque Français Credit National, US EXPORT IMPORT BANK, RYOSIN INT’L LTD, 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, French
Government, USAID, BARCLAYS, IDA, RDI-KI, LYONNAIS, U.B Denmark, Bank of China, SPAIN, CDC NES, NORDISKA and Sumitomo Corporation.
PT BANK MANDIRI PERSERO Tbk. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2009, 2008 AND 2007
Expressed in millions of Rupiah, unless otherwise stated
Appendix 5134 55. CHANNELING LOANS continued
Channeling loans are not recognised in the consolidated balance sheets as the credit risk is not borne by the Bank and 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 the compensation, Bank Mandiri
receives bank fee which varies from 0.15 - 0.40 of the interest paid by the borrowers and 0.50 from the average of loan balance in one year.
56. RISK MANAGEMENT
