PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
109
29. SUBORDINATED LOANS continued
Bank Indonesia continued The details of this facility as of December 31, 2004 and 2003, and April 30, 2003 are as follows:
Bank Term of
Loan December 31,
2004 Amount
Rupiah December 31,
2003 Amount
Rupiah April 30, 2003
Amount Rupiah
Interest Rate Bapindo
March 31, 1995 - March 31, 2004
with 1
st
installment on June 30, 2002.
This loan was settled on March
31, 2004. -
162,000 648,000
5 per annum
BDN March 31, 1993 -
March 31, 2014 with payment
at maturity date. -
736,859 736,859
Calculated quarterly as follows:
• the first 5 years at
1 per annum •
the second 5 years at 3 per annum
• the third 5 years at
6 per annum •
the fourth 5 years at 14 per annum
PT Bank Mandiri
Persero Tbk.
November 30, 2004 - March 31,
2014 with first installment on
November 30, 2004.
2,466,859 -
- 0.2 per annum
PT Bank Syariah
Mandiri BSM
January 31, 1994 -
November 30, 2008
with payment at maturity
date 32,000
32,000 32,000
Paid quarterly at 6 per annum
2,498,859 930,859
1,416,859
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
110
29. SUBORDINATED LOANS continued
Investment Fund Account RDI ex-Two-Step Loans This account represents a credit facility from the Government of the Republic of Indonesia originating
from the installment payments of Two-Step Loans, in relation to the restructuring of Bapindo’s capital, on October 26, 1995, and former Bapindo facilities obtained from the Government of the
Republic of Indonesia. One of the facilities is that Bapindo can convert certain Two-Step Loans into an Investment Fund Account when the Two-Step Loans mature. The amount withdrawn was limited
to Rp991,000. The Bank can convert the above Two-Step Loans in full or in partial amount as long as it is related to the above eligible Two-Step Loans and it does not exceed the limit. The facility should
be repaid during the period from April 15, 2002 to October 15, 2004. The Bank has fully settled this facility on schedule.
December 31, December 31,
April 30, 2004
2003 2003
a RDI Loan ex-Export -Import Bank of Japan EBJ
- 96,242
144,362 b
RDI Loan ex-International Bank for Reconstruction and Development IBRD
- 77,637
116,456 c
RDI Loan ex-Asian Development Bank ADB -
73,886 110,829
d RDI Loan ex-ASEAN Japan Development Fund -
Overseas Economic Cooperation Fund AJDF-OECF
- 7
11 e
RDI Loan ex-Nordic Investment Bank NIB -
29,480 44,220
- 277,252
415,878
a RDI Loan ex-Export-Import Bank of Japan EBJ The EBJ I and EBJ II facilities are charged with administration fees based on the weighted
average interest rate for debtor deposits of the participating state banks determined by Bank Indonesia every six months, less 1 per annum.
The EBJ III, EBJ IV and EBJ V facilities are charged with administration fees based on a floating interest rate determined every six months based on the prevailing average interest rate for the
past six months for three-month certificates of Bank Indonesia, which should:
• Not be higher than the six months’ average interest rate for three-month time deposits in five
state-owned banks and not be lower than the interest rate that Exim Bank of Japan charged the Government of the Republic of Indonesia, plus 4 per annum for the EBJ III facility.
• Not be higher than the six months’ average interest rate for three-month time deposits in five
state-owned banks for the EBJ IV facility. •
Be the lower of the interest rate for the past six months of three-month Certificates of Bank Indonesia and the six months’ average interest rate for time deposits in five state-owned
banks for the EBJ V facility.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2004 and 2003, and April 30, 2003 Expressed in millions of Rupiah, unless otherwise stated
111
29. SUBORDINATED LOANS continued
