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
85
29. SUBORDINATED LOANS continued
Two-Step Loans TSL a Nordic Investment Bank NIB
This account represents a credit facility obtained from NIB through the Government of the Republic of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to
participating banks to finance projects in Indonesia. The details of these facilities are as follows:
Credit Facility
Purpose Repayment
Period Nordic Investment Bank III
Nordic Investment Bank IV To promote and finance high priority
investments in Indonesia, primarily in the private sector, or joint Indonesian and
Nordic interests. To promote and finance high priority
investments in Indonesia, primarily in the private sector, or joint Indonesian and
Nordic interests. August 4, 1993 - August 15, 2008 with
the 1
st
installment on February 15, 1999.
April 15, 1997 - February 28, 2017 with the 1
st
installment on August 31, 2002.
The details of credit facilities from Nordic Investment Bank are as follows:
2006 2005
a Nordic Investment Bank III NIB III 22,660
33,990 b Nordic Investment Bank IV NIB IV
223,698 245,003
246,358 278,993
The interest rate on the NIB III and IV facility are based on a variable interest rate as determined by Bank Indonesia based on the prevailing average interest rates for the past six months for three-month
Certificates of Bank Indonesia.
b Export-Import Bank of Japan EBJ This account represents credit facilities obtained from the EBJ through the Government of the Republic
of Indonesia, through the Ministry of Finance of the Republic of Indonesia, which re-lent the proceeds to participating banks to finance projects in Indonesia. The details of these facilities are as follows:
Credit Facility Purpose
Repayment Period EBJ-TSL
IV To finance projects which help to
increase investments in the private sector and which are export-oriented.
January 28, 1992 - January 15, 2007 with the 1
st
installment on July 15, 1995.
The details of credit facilities from the EBJ are as follows:
2006 2005 Export-Import Bank of Japan IV EBJ-TSL IV 9,765
29,294
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
86
29. SUBORDINATED LOANS continued
