Series Maturity
Date No.
Trading AFS
HTM Trading
Interest Rate
Marked To
Market Fair
Value Nominal
AFS HTM
1 FR0014 15
‐Nov‐10 15.58
‐ 2,947
100.000 ‐
‐ 2,947
2 FR0020 15
‐Dec‐13 14.28
291 100.000
‐ ‐
291
Date ad
g S
ad g
Rate Market
S Fixed
Rate
‐ ‐
3,238 ‐
‐ 3,238
1 VR0017 25
‐Jun‐11 6.58
‐ 290,270
‐ 97.989
‐ 284,433
‐ 2 VR0019
25 ‐Dec‐14
6 58 ‐
5 050 000 1 114 300
98 230 ‐
4 960 615 1 114 300
Variable Rate
Sub Total
2 VR0019 25 Dec 14
6.58 5,050,000
1,114,300 98.230
4,960,615 1,114,300
3 VR0020 25
‐Apr‐15 6.81
‐ 3,300,000
391,029 98.260
‐ 3,242,580
391,029 4 VR0021
25 ‐Nov‐15
6.65 ‐
100,000 690
97.275 ‐
97,275 690
5 VR0022 25
‐Mar‐16 6.58
‐ 692,844
6,796,813 98.947
‐ 685,548
6,796,813 6 VR0023
25 ‐Oct‐16
6.81 ‐
659,738 4,086,068
98.939 ‐
652,738 4,086,068
7 VR0024 25
‐Feb‐17 6.65
‐ ‐
8,210,550 98.926
‐ ‐
8,210,550 8 VR0025
25 ‐Sep‐17
6.58 ‐
4,065,402 1,145,148
98.943 ‐
4,022,431 1,145,148
9 VR0026 25
‐Jan‐18 6.81
‐ 3,475,267
‐ 98.935
‐ 3,438,255
‐ 10 VR0027
25 ‐Jul‐18
6.81 ‐
3,475,267 ‐
98.934 ‐
3,438,221 ‐
11 VR0028 25 Aug 18
6 65 5 171 695
98 922 5 115 944
11 VR0028 25
‐Aug‐18 6.65
‐ 5,171,695
‐ 98.922
‐ 5,115,944
‐ 12 VR0029
25 ‐Aug‐19
6.65 ‐
8,819,688 ‐
98.920 ‐
8,724,435 ‐
13 VR0030 25
‐Dec‐19 6.58
‐ 8,016,765
‐ 98.937
‐ 7,931,547
‐ 14 VR0031
25 ‐Jul‐20
6.81 ‐
17,614,108 ‐
98.929 ‐
17,425,461 ‐
‐ 60,731,044
21,744,598 ‐
60,019,483 21,744,598
Sub Total
52
‐ 60,731,044
21,747,836 ‐
60,019,483 21,747,836
0.00 73.63
26.37 0.00
73.40 26.60
82,478,880 81,767,319
Total Fair Value
Total Nominal Value
Grand Total
Stated in Rp Millions
SP Moody’s
Fitch Pefindo
Bank Mandiri Ratings Bank
Mandiri Ratings Long
Term Foreign Currency Outlook Stable
Stable Stable
Foreign Long Term Bank Deposits
Ba3 L
T F
i C
D bt BB
WR BB
Long Term Foreign Currency Debt
BB WR
BB+ Short
Term Outlook Stable
Short Term Foreign Currency Debt
B NP
B Subordinated
Debt Ba3
BB idAA+
Individual Rating
CD idAAA
Support Rating
3 Bank
Financial Strength D
Long Term Local Currency Outlook
Positive Stable
l b
d Long
Term Local Currency Debt BB
‐ BB+
idAA Local
Long Term Bank Deposits Baa3
Short Term Local Currency Debt
B P
‐3
53
National Rating
B idnAA+
Net Profit for the financial year of 2009 of Rp7,155,463,216,743.00
was distributed as follows:
35 R 2 504 412 132 860 05 f
th l di id
d •
35, or Rp2,504,412,132,860.05, for the annual dividend
• Total
Dividend Payment of Rp119.43 per share •
Interim dividend of Rp19.26 paid on 22 December 2009
Schedule :
Dividend Dividend
a. Cum Date:
Regular and Negotiated Market:
June 9, 2010
Cash Market:
June 14, 2010
b E D t
Dividend Payment
Dividend Payment
b. Ex Date:
Regular and Negotiated Market:
June 10, 2010
Cash Market:
June 15, 2010
c. Payment Date:
June 28 2010
y
Net Profit for the financial year of 2008 of Rp5,312,821,488,698.00
was distributed as follows:
• 35 or Rp1 859 487 521 044 30 for the annual dividend
• 35,
or Rp1,859,487,521,044.30, for the annual dividend •
Total Dividend Payment of Rp88.55 per share
54
Category 1 Loan Movements Rp bn – Bank Only
Category 2 Loan Movements Rp bn – Bank Only
3 14,803
89 3,219 2,053
890 145
336 23
3,219 2,053 3
26 890
145 336
159,495 173,066
17,417 17,479
Beg Bal Cat 1 DG UG to 1 DG to
NPL UG Net
FX Impact End Bal
55
Beg. Bal. DG to 2 UG from
2 DG
to NPL
UG from
NPL Net
Disburs. FX
Impact End Bal. Beg.
Bal. Cat. 1 DG UG to 1 DG
to NPL
NPL UG
Net Disburs.
FX Impact End Bal.
Loan Profile: Q2 Collectibility by Segment
Bank Only
0.1 0 2
0 4 0 4
1.4 1.8
1.9 3.8
1.6 90,000
Loan Profile: Q2 Collectibility Rp bn by Segment
Bank Only
10.2 5.3
9.4 15.2
10.5 0.2
0.4 1.0
0.4 3.8
70 000 80,000
5 60,000
70,000
88.2 91.6
87.9 87.0
4 3
2 1
40,000 50,000
78.3 1
20,000 30,000
10,000 20,000
56 Corp
Comm Small
Micro Cons
Corp Comm
Small Micro
Cons
70
Quarterly DG to NPL Interest DPD ‐ Bank Only
Quarterly NPL Stock Interest DPD ‐ Bank Only
Rp tn
70
40 50
60 Current
30 Days OD
40 50
60 Current
30 Days OD
10 20
30 40
10 20
30 40
10
10 000 12,000
Rp Value
25 000 30,000
Rp Value
10
6,000 8,000
10,000
15,000 20,000
25,000
1 1
,1 6
1 6
,9 1
1 ,1
7 7
4 ,1
6 1
,5 5
8 1
,3 4
1 ,0
3 1
1 ,6
4 4
2 3
5 7
8 3
5 6
1 1
3 4
5 3
5 9
6 3
2 5
1 ,8
5 8
1 ,9
7 5
2 9
7 4
8 2
8 3
8 5
1 6
1 7
2,000 4,000
1 7
,4 5
6 2
4 ,9
6 2
2 4
,1 9
3 2
6 ,2
4 8
2 6
,4 2
4 2
5 ,6
6 5
2 5
,4 1
4 1
7 ,9
6 1
7 ,1
8 1
6 ,5
1 3
,6 3
1 ,6
5 4
6 ,5
5 8
6 ,5
1 6
,5 8
6 7
,8 3
3 9
,6 7
8 7
,7 6
,0 9
9 4
,5 5
3 ,5
8 9
3 ,6
6 8
5,000 10,000
57
1 7
6 8
4 1
4 1
4 6
8 7
1 7
Q 1
5 Q
4 5
Q 3
6 Q
2 7
Q 1
8 Q
4 8
Q 3
9 Q
2 1
6 2
8 4
4 4
8 6
8 9
9 8
Q 1
5 Q
4 5
Q 3
6 Q
2 7
Q 1
8 Q
4 8
Q 3
9 Q
2 1
Excluding Micro Consumer Loans Only
Q2 ‘10
Others Write
‐Offs
Q2 10
IDR bn
Loans by Restructuring Type in Q2 2010
Restructured Loan Movement 2002 ‐ 2010
Write Offs Repayments
Restructuring Balance
Maturity extension;
42 9 42.9
Maturity extension
wreduced rates;
2.0
2 9
, 2
3 ,
2 1
, 1
9 ,
2 ,
2 ,
1 6
, 1
7 ,
1 6
, 1
5 ,
; LT
loans wconvert;
1.4 Additional
loans; 1.8
,5 4
2 ,9
8 7
,0 4
5 ,4
2 7
,9 1
4 ,6
4 5
,5 6
,1 4
,0 4
6 ,2
7 1
2 2
A d
d D
e d
u c
2 3
A d
d D
e d
u c
2 4
A d
d D
e d
u c
2 5
A d
d D
e d
u c
2 6
A d
d D
e d
u c
2 7
A d
d D
e d
u c
2 8
A d
d D
e d
u c
2 9
A d
d D
e d
u c
Q 1
1 A
d d
D e
d u
c Q
2 1
Maturity extension
wother restrg;
52 1 ct
ct ct
ct ct
ct ct
ct 0 ct 0
52.1
Other Restructuring includes reduction of interest rates, rescheduling of
unpaid interest extension of repayment period for unpaid interest
Rp billions ‘05
‘06 ‘07
‘08 ‘09
Q1 ’10
Q2 ’10
Loans 718
5 573 2 445
677 5 660
33 149
58
Others includes partial payments, FX impacts, and fluctuation in
Working Capital facilities
p p y
p p
Loans Restructured
718 5,573
2,445 677
5,660 33
149 NPL
Collections 1,118
2,398 2,567
1,147 2,058
141 96
Mfg ‐Oth
13.3 Mfg
‐FB 13.1
Agri Mfg Oth
Agri 14.0
Bus Serv
10 6
Mfg ‐Oth
Mfg ‐FB
Bus Serv
Oth 4
10.6
Trad ‐Distr
Oth4 Trans
Mfg ‐Chem
i i il
Oth4 9.7
Trans Oil
Gas 4.4
5.6
Mining ‐Oil Gas
Trad ‐Ret
Constr
Trans 7.9
Mfg ‐Chem
7.1 Mining
‐Oil Gas 7.0
Trad ‐Ret
6.0
Trad ‐Distr
59
1 Non ‐consolidated numbers
Each sector 4
Excluding Micro Consumer Loans Only
5 Trad
‐Distr Constr
Invest Other
100
Loan Profile: Q2 NPL Downgrades Only Rp618 bn Bank Only
Corporate, Commercial Small Business
loans downgraded to NPL in Q2 totaled
R 618 billi 0 32 f t t l l
Of th
Mfg ‐Wood
Other 5
Trad ‐Distr
USD Small
80 90
Rp618 billion 0.32 of total loans. Of these
loans:
20.7 were current on interest payments
4 91+
Mfg ‐Oth
60 70
57.5
were Commercial borrowers and 22.0
came from our Small Business portfolio
32.8
were loans previously restructured
Mfg Oth
WC Comm
40 50
p y
Largest
downgrades by sector:
Retail Trading
Textile Manufacturing
Mfg ‐Text
IDR 30
40
Textile
Manufacturing
Wood Manufacturing
68.6
were IDR loans
94.13 were Working Capital loans
3
Current Trad
‐Ret Corp
10 20
9 . 3 e e
o g Cap ta oa s
62.4
were more than 90 days overdue in interest
payments
60
Collect. Int.
Aging Sector
Currency Purpose
Segment Excluding Micro Consumer Loans Only
Bus Serv
Other Synd
Other S
ll 100
Loan Profile: Q4 Non‐Performing Loans Only Rp4,505 bn Bank Only
Corporate, Commercial Small Business NPLs
totaled Rp3,668 billion in Q2, or 1.9 of total
loans Of these NPLs in Q2
Mfg Text Trad
‐oth Trans
USD Invest
Small
80 90
27.6
remain current on interest payments
and an additional 8.6 are less than 90 days overdue
loans. Of these NPLs in Q2:
5 91+
Trad ‐Ret
Mfg ‐Text
USD
Comm 60
70
than 90 days overdue
38.6
are to Corporate customers
74.2 are Working Capital loans and
18 8 are Investment loans
Trad ‐Dom
Constr
40 50
18.8 are Investment loans
Primary
sectors are:
Manufacturing
Trading
Oth IDR
WC 30
40
Construction
37.7
are USD loans
24.5 were previously restructured
4 C
u rr
e n
t Mfg
‐oth Mfg
‐Metal Corp
10 20
7.9
are Cat. 3 22.2 are Cat. 4
0.6 were upgraded in Q2, while 51.6
saw no change in collectibility
61
3 Mfg
‐oth
Collect. Int.
Aging Sector
Currency Purpose
Segment Excluding Micro Consumer Loans Only
61+ Mfg
‐FB USD
Consumer Program
100
Loan Profile: Q2 Downgrades to Cat 2 Only Rp1,908bn Bank Only
Rp1,908 billion 0.98 of total loans in
Corporate, Commercial Small Business
l d
d d t C t 2 i Q2
Small 31
‐60 Trans
Mfg ‐oth
Invest 80
90
loans were downgraded to Category 2 in Q2.
Of the Special Mention Loans downgraded:
43.3
are for Commercial 47.0 are to
Small
Plantations Mfg
‐Chem 2004
60 70
Small Business customers
36.3
are current 1.9 are 1 day overdue
in interest payments
30 Trad
‐Distr IDR
40 50
Primary
sectors downgraded are:
Retail Trading
Business
Service
Comm 1
Day
Bus Serv
Roads Bridge
WC 30
40
Construction
Distribution
91.8
are Rupiah loans
C u
rr e
n t
Trad ‐Ret
2 ‐2
4 10
20
70.7
are Working Capital loans
18.4 are Restructured loans
62
Corp 2000
Segment Days
Aging Sector
Currency Purpose
Origin Year
Excluding Micro Consumer Loans Only
Small 61+
Oth5 Synd
Consumer Program
100
Loan Profile: Q2 Category 2 Loans Only Rp13,772 bn Bank Only
Rp13,772 billion 7.1 of total loans in
Corporate, Commercial Small Business
l i C t
2 i Q2 Of th
Comm Small
31 ‐60
61+
Constr Plantations
Oth5
USD Invest
Synd
2004 80
90
loans were in Category 2 in Q2. Of these
Special Mention loans:
65.8
are to Corporate customers
Comm 1
Day 30
Mfg ‐Chem
Mfg ‐NonM
Invest
60 70
69.8
are current or 1 day overdue, with an
additional 9.1 less than 30 days overdue
Mfg ‐oth
Trading
40 50
Primary
sectors in Category 2 are:
Textile Manufacturing
Pulp
Paper Manufacturing
Corp C
u rr
e n
t Mfg
‐PP Mfg oth
IDR WC
2 ‐2
4 30
40
p p
g
Trading
Chemical Manufacturing
Non
Metal Manufacturing
Mfg ‐Text
10 20
56.8
are IDR loans
58.9 are Working Capital loans
70.8 are Restructured loans
63
2000 Segment
Days Aging
Sector Currency
Purpose Origin
Year Excluding Micro Consumer Loans Only
70.8 are Restructured loans
84.1
were Category 2 in Q1 ‘10
Soc Serv
Mfg ‐oth
USD 100
Loan Profile: Q2 Upgrades to PL Rp113 bn Bank Only
Corporate, Commercial Small Business
loans upgraded to PL in Q2 totaled Rp113
billi 0 06 f t t l l
Of th l
Mfg ‐Text
oth5
Invest 80
90
billion 0.06 of total loans. Of these loans:
51.4
were to Small Business borrowers
80.1 originated in 2005 or later
Small Trad
‐oth
2004 60
70
16.1
were previously restructured loans
Largest upgrades by sector:
Construction
2 Trad
‐Ret
IDR 40
50
Trading
Textile
Manufacturing
90.7 were IDR loans
Comm C
WC 30
40
57.1
were Working Capital loans
86.5 of upgrades to PL were NPLs
moving to Category 2
1 Comm
Constr 2
‐2 4
10 20
64
1 2000
Collect. Segment
Sector Currency
Purpose Origin
Year Excluding Micro Consumer Loans Only
2 Small
Oth5 Consumer
Synd Other
100
Loan Profile: Q2 Performing Loans Only Rp158,924bn Bank Only
Rp158,924 billion 81.4 of total loans in
Corporate, Commercial Small Business
l f
i i Q2 Of th
Small
Constr Comm
Oth5 USD
Consumer
80 90
loans were performing in Q2. Of these
performing loans:
54.9
are to Corporate customers 33 1 are to Commercial customers
Comm Mining
‐Oil Gas
Trad ‐Ret
Trad ‐Distr
Invest
2004 60
70
33.1 are to Commercial customers
82.6
originated since 2005
91 have no restructuring history
9
are Restructured loans
1 Bus
Serv Mfg
‐Chem Gas
2004
40 50
0.1
were purchased from IBRA
Primary sectors are:
Food
Beverage Manufacturing
Corp Plantations
IDR
WC 30
40
Plantation
Business
Services
Chemical Manufacturing
79 6 are Rupiah loans
Mfg ‐FB
Mfg ‐oth
2 ‐2
10 20
79.6
are Rupiah loans
52.1 are Working Capital loans
87.5
saw no change in collectibility
0.1 were upgraded from NPL
65
Mfg ‐FB
2000 4
Collect. Segment
Sector Currency
Purpose Origin
Year Excluding Micro Consumer Loans Only
3 5
Synd Small
100
Loan Profile: Q2 Restructured Loans Only Rp15,271 bn Bank Only
Of the remaining Rp15,271 billion in
restructured Corporate, Commercial Small
Agri Oth5
USD Invest
Comm 80
90
Business loans in Q2, or 7.8 of total loans:
94.1
are performing
75.4 of loans in Category 2 are current in
interest payments
2 Trad
‐HR Mfg
‐NonM g
60 70
interest payments
Of
the 5.9 which are in NPL, 1.7 are current
in interest payments
Primary sectors are:
31 ‐60
Mfg Chem Mfg
‐oth
40 50
Manufacturing
• Textiles
• Pulp
Paper •
Chemicals
Mfg ‐PP
Mfg ‐Chem
IDR WC
Corp 30
40
Chemicals
Trading
Non Metal Mfg
59.8
are Rupiah loans
1 Mfg
‐Text 10
20
61.6
are Working Capital loans
72.2 are to Corporate customers
4.8
deteriorated in collectibility
0 8 showed improved collectibility
66
C u
rr e
n t
31 ‐60 Days
Collect. NPL
Aging Sector
Currency Purpose
Segment Excluding Micro Consumer Loans Only
0.8
showed improved collectibility
2 5
61+ Oth5
Synd Consumer
100
Loan Profile: Q2 Corporate Loans Only Rp88,672 bn Bank Only
Rp88,672 billion in loans were in the
Corporate portfolio in Q2, or 45.4 of total
2
1 Day
30 31
‐60 61+
Mfg ‐Chem
Trading Oth5
USD 80
90
98.4
are performing loans, with 10.2 in Category
2 loans.
Of the Corporate Loans in Q2:
Comm Bus
Serv Invest
2004 60
70
79.1
of Category 2 loans are current in interest
payments
66.6 of NPLs are current in interest
payments
1 C
u Mining
‐Oil Mfg
‐oth 2004
40 50
payments
Primary sectors in Corporate are:
Food
Beverage Mfg
Plantation
rr e
n t
Plantations Mining
‐Oil Gas
IDR WC
30 40
Oil
‐Gas
Transportation
68.4 are Rupiah loans
Mfg ‐FB
WC 2
‐2 10
20
49.1
are Working Capital loans
12.4 are Restructured loans
0.0
were purchased from IBRA
67
2000 4
Collect. Cat.
2 Aging Sector
Currency Purpose
Origin Year
2 3
5 61+
oth5 USD
Consumer 100
Loan Profile: Q2 Commercial Loans Only Rp54,242bn Bank Only
Rp54,242 billion in loans were in the
Commercial portfolio in Q2, or 27.8 of total
31 ‐60
Mfg FB Trad
‐oth Mass
Trans Co su e
80 90
96.8
are performing loans, with 5.3 in Category
2 loans.
Of the Commercial Loans in Q2:
1 Day 30
Mfg Chem Constr
Mfg ‐FB
Invest
2004 60
70
59.0
of Category 2 loans are current in interest
payments
1.4 of NPLs are current in interest
payments
1 1
Day
Trad ‐Distr
Mfg ‐Chem
IDR 2004
40 50
payments
Primary sectors in Commercial are:
Business
Services
Plantations
C u
rr e
n t
Bus Serv
Plantations
WC 30
40
Distribution
Chemical
Manufacturing
89.2 are Rupiah loans
Mfg ‐oth
2000 ‐2004
10 20
50.9
are Working Capital loans
7.1 are Restructured loans
0.2
were purchased from IBRA
68
2000 Collect.
Cat. 2 Aging
Sector Currency
Purpose Origin
Year
2 3
5 USD
Consumer Program
100
Loan Profile: Q2 Small Business Loans Only Rp19,677bn Bank Only
Rp19,677 billion in loans were in the Small
Business portfolio in Q2, or 10.1 of total
2
31 ‐60
61+ Oth5
Invest 80
90
97.3
are performing loans, with 9.4 in Category
2 loans.
Of the Small Business Loans in Q2:
31 60
Bus Serv
Mfg
2004 60
70
31.3
of Category 2 loans are current in interest
payments
8.2 of NPLs are current in interest
payments
1 30
Trad ‐Distr
Plantations IDR
40 50
payments
Primary sectors in Small Business are:
Retail
Trading
Distribution
1 Day
WC 30
40
Plantations
Business
Services
99.7 are Rupiah loans
C u
rr e
n t
Trad ‐Ret
2 ‐2
10 20
72.6
are Working Capital loans
2.0 are Restructured loans
0.0
were purchased from IBRA
69
2000 4
Collect. Cat.
2 Aging Sector
Currency Purpose
Origin Year
Excluding Micro Consumer Loans Only
2 3
5 Oth5
S ll
Consumer Other
100
Loan Profile: Q2 Rupiah Loans Only Rp128,637 bn Bank Only
Rp128,637 billion in loans were Rupiah
denominated in Q2, or 65.9 of total loans.
31 60 61+
Comm Constr
Oth5 Small
I t
80 90
98.4
are performing loans, with 6.1 in Category
2 Of
the Rupiah Loans in Q2:
1 D 30
31 ‐60
Trad ‐Ret
Trad ‐Distr
Comm
Comm Invest
2004 60
70
57.4
of Category 2 loans are current in interest
payments
5.0 of NPLs are current in interest
payments
1 1
Day
Mfg ‐oth
Mfg ‐Chem
2004
40 50
payments
Primary sectors in Rupiah loans are:
Plantations
Food
Beverage Mfg
C u
rr e
n t
Bus Serv
Corp WC
30 40
g g
Business
Serices
Chemicals Manufacturing
47.1
are Corporate loans
Plantations Mfg
‐FB Corp
2 ‐2
10 20
53.7
are Working Capital loans
7.1 are Restructured loans
0.0
were purchased from IBRA
70
Plantations 2000
4
Collect. Cat.
2 Aging Sector
Segment Purpose
Origin Year
Excluding Micro Consumer Loans Only
3 5
61+ Small
Synd Other
100
Loan Profile: Q2FX Loans Only Rp33,955bn Bank Only
Rp33,955 billion in loans were FX
denominated in Q2, or 17.4 of total loans.
2 1
Day 30
31 ‐60
oth5 Comm
80 90
95.3
are performing loans, with 17.5 in Category
2 Of
the FX Loans in Q2:
PP Chem
Mfg ‐oth
Invest
2004 60
70
83.2
of Category 2 loans are current in interest
payments
56.7 of NPLs are current in interest
payments
C u
rr Trading
Text
Corp 40
50
payments
Primary sectors in FX loans are:
Oil
Gas
Food Beverage Mfg
1 re
n t
FB Corp
WC 30
40
g g
Trading
Textile
Manufacturing
Pulp Paper Mfg
82 6 are Corporate loans
Oil Gas
WC 2
‐2 10
20
82.6
are Corporate loans
48.5 are Working Capital loans
18.1
are Restructured loans
71
2000 4
Collect. Cat.
2 Aging Sector
Segment Purpose
Origin Year
0.3
were purchased from IBRA
Excluding Micro Consumer Loans Only
deterioration in Q2 ‘10
Mandiri Credit Card Delinquency Rates
Quarterly Charge‐offs, NPLs Recoveries Rp Bn
123 1 NPLs
90+DPD Write
‐Offs Recoveries
16.8
30 DPD ‐ Rp
90 DPD ‐ Rp
30 DPD ‐ Cards
90 DPD ‐ Cards
82 9 83 8
90.7 109.1
123.1
11.2
82.9 75.6
83.8 78.7
72.2 63.6
76.4 90.7
79.4
7.1 10.2
9.7 8.1
7.7 7.2
8.38.2 10.7
9.5
35.9 32.6
40.8 37.5
37.1 29.7
28.6 43.5
45.744.5
23.6 28.2
7.1 6.4
3.4 5.3
6.3 5.6
4.7 3.8
4.2 4.2
4.85.0 4.5
5.0 4.1
3.3 5.8
33.1 2.0
4.7 6.9
8.8 13.9
14.5 17.6
16.9 24.4
23.6
2.7 1.9
2.0 1.8
1.8 1.8
2.1 2.4
2.2 1.7
1.5 1.1
1.0 0.9
1.0 0.9
72
Q 1
4 Q
2 4
Q 3
4 Q
4 4
Q 4
5 Q
4 6
Q 1
7 Q
2 7
Q 3
7 Q
4 7
Q 1
8 Q
2 8
Q 3
8 Q
4 8
Q 1
9 Q
2 9
Q 3
9 Q
4 9
Q 1
1 Q
2 1
Q 1
4 Q
2 4
Q 3
4 Q
4 4
Q 4
5 Q
4 6
Q 1
7 Q
2 7
Q 3
7 Q
4 7
Q 1
8 Q
2 8
Q 3
8 Q
4 8
Q 1
9 Q
2 9
Q 3
9 Q
4 9
Q 1
1 Q
2 1
Classification by Aging of
Classification by Aging of
Classification by Payment History
Previously Current
No change to BI Prov. Req.
Category 1 ‐ Current
Current Current
1 Category
2 – Special Mention 1
– 90 days 1
– 90 days 5
by Aging of
Interest Payments
by Aging of
Interest Payments
Business Outlook Fi
i l C diti
Payment Ability
Category 3 – Sub‐Standard
91 – 180 days
91 – 120 days
15 Category
4 ‐ Doubtful 181
– 270 days 121
– 180 days 50
Category 5 ‐ Loss
271+ days
181+ days
100
Detailed Classification
Guidance Detailed
Classification Guidance
Business Outlook
Business growth potential
Market condition debtor
position in the market
Management quality
Financial Condition
Profitability
Capital structure
Cash flow
Sensitivity to market risk
Payment Ability
On time payment
Availability of debtor’s financial information
Completeness of credit documentation
Compliance toward credit agreement
BI Collectibility BI Collectibility
Guidance Guidance
Group support
Environmental factors
Nature of payment source
Appropriateness of funds usage
In instances where there is disagreement in the determination of earning asset collectibility between the bank, its
BI Collectibility
takes precedence
BI Collectibility
takes precedence
One Debtor One One Debtor One
g g
y ,
external
auditors and BI, the bank must adopt BI’s determination
The Bank must classify all of its earning assets to a single debtor at the level of the lowest quality asset
For debtors with exposures to more than one bank all banks must adopt the lowest classification applied by any
One Debtor, One
Project Concept
One Debtor, One
Project Concept
For debtors with exposures to more than one bank, all banks must adopt the lowest classification applied by any
one bank to the debtor.
All earning assets related to a particular project must be classified at the same level
Banks must require debtors to submit current financial statements
73 Completeness
of Financial
Report Completeness
of Financial
Report
Banks must require debtors to submit current financial statements
Failure to submit financial statements must result in an automatic downgrade of collectibility by one level, or to a
maximum classification of sub‐standard
Implemented in Q1 2005
Implemented in Q2 2005
Bank Syariah Mandiri
Mandiri Sekuritas
AXA Mandiri
• Equity
Investment of Rp696.78 bn •
Total Assets of Rp1,716.6 bn, total
liabilities of Rp988.3bn and Equity of
Rp728.2bn •
Equity Investment of Rp168.13 bn
• Total
Assets of Rp6,899.53 bn, Annual First Year
Premium AFYP of Rp598.54 bn and total
profit of Rp89.65 bn •
Equity Investment of Rp1,719.09 bn •Total
Assets of Rp26,385 bn, with total financing
extended amounting to Rp19,871bn
and total funding of •
Operating Income of Rp51.1bn, and PAT of
Rp43.1 bn
• Corporate
bond and equity underwriting •
Total Gross Written Premium GWP
Rp772.97 bn, consisting of unit‐linked
premiums of Rp671.65 bn 86.89 and
traditional product premiums of Rp101.32
bn 15 09 Individual business accounted Rp23,334
bn •Operating
Income 6‐Mo amounting to Rp1,226.8bn
and Profit After Tax of Rp197.6bn
amounting to Rp4.29 tn.
• Equity
transactions in BEI of Rp31.54 tn •
Bond transactions SUN through BEI of
bn 15.09. Individual business accounted
for Rp672.66bn 87.02 while Rp100.3bn
12.98 came from business group.
• Embedded
value of Rp2.58 tn before expense overruns and appraisal value of
p •Market
share of Syariah Banking as of Feb 2010
: •
34.62 in assets
• 34.93
in financing extended Rp24.11
tn •
Total Assets Under Management
amounting to Rp15.85 tn
expense overruns and appraisal value of
Rp14.22 tn.
• Operating
since December 2003, AXA Mandiri has
a presence in 920 Bank Mandiri branches
with a team consisting of 1,342 3 93
a c g e e ded •
39.51 in deposits
•CAR = 12.43
•ROA = 2.22
Financial Advisors FAs
•ROE = 24.42
•408 outlets, consisting of 357 branches
cash offices and 51 KLS, as well as 221
74
branded ATMs
Branch Network Customer Growth
Summary Balance Sheet Rp Billions
Rp Bn 2006
2007 2008
2009 Q2
‘10
1,678 1,880
Branches Customers
000s
p Q
Total Assets
9,612 12,888
17,064 22,037 26,385
Cash placement w
BI 1,377
1,583 2,436
3,788 3,885
1,256
Current Accounts
Placements wOther
Banks 326
299 332
486 747
Securities ‐ Net
497 778
1,261 964
959
1,018
8 , 6
96 959
Total Financing
7,401 10,305
13,278 16,063 19,871
Allowances 262
331 573
807 958
Total Financing ‐ Net
7,138 9,974
12,705 15,257
18,913
313 390 408
533 759
Total Financing Net
7,138 9,974
12,705 15,257 18,913
Third Party Funds
8,219 11,106
14,899 19,338 23,334
Demand Deposits
2,059 1,858
1,851 2,686
6,201 Savings
Deposits 2,662
3,860 5,246
7,068 7,990
88 134
164 178 222
70 115
206 357
Sa gs epos s
,66 3,860
5,246 7,068
7,990 Time
Deposits 3,498
5,388 7,802
9,584 9,142
Shareholders Equity
694 810
1,208 1,600
1,799
75 32
48 70
2001 2002 2003 2004 2005 2006 2007 2008 2009 Q2 10
Summary PL Rp billions
2005 2006
2007 2008
2009 6
‐Mo ‘10 Total
Operating Income 865.5
935.2 1,197.9
1,736.4 2,071.0
1,226.8 3rd
Party Share on Returns 386.4
455.5 511.9
793.0 927.1
535.5 Banks Share in Operating
Bank s Share in Operating
Income 479.1
479.7 686.0
943.3 1,144.0
691.3 Other
Operating income 93.6
142.4 109.2
301.0 347.0
236.2 Operating Expenses
435 6 383 0
475 9 630 0
818 2 463 5
Operating Expenses
435.6 383.0
475.9 630.0
818.2 463.5
Income from Operations
137.2 102.1
268.1 279.9
395.2 262.2
Net Income before tax
136.7 95.5
169.7 284.1
362.0 268.8
Net Income after tax
83.8 62.6
114.6 194.7
410.4 197.6
Selected Financial Ratios
LDR 75.6
90.21 92.79
89.12 83.07
85.16 CAR
11.9 12.56
12.44 12.66
12.39 12.43
ROA 1 8
1 10 1 54
1 83 2 23
2 22
76
ROA 1.8
1.10 1.54
1.83 2.23
2.22 ROE
14.6 10.23
15.94 21.34
21.40 24.42
Summary PL
Rp Bn 2006
2007 2008
2009
6 ‐Mo
‘10
Rp Bn 2006
2007 2008
2009 Q2
‘10
Summary Balance Sheet
Operating Revenue
221.6 423.7
426.7 409.2
209.4 Brokerage
Commissions 20.2
80.8 64.0
79.8 56.2
Investment Mgmt Fees
16.0 28.9
70.1 102.9
68.0 Total
Assets 2,367.4
2,757.2 2,391.7
1,485.0 1,716.6
Cash Equivalent
80.1 57.4
248.7 316.0
575.1 Time deposit
‐ ‐
‐ ‐
‐ Advisory
fees 3.4
21.0 9.3
27.4 5.7
Underwriting Selling
Fees 5.8
19.0 44.2
32.4 21.6
Time deposit
Marketable Securities
480.1 396.9
632.9 345.0
190.8 Receivables
1,267.0 1,036.0
710.1 467.3
601.3 Gain
on Trading of Marketable
Securities 51.8
69.8 960
50.8 15.2
Interest Dividends
124.2 202.8
238.5 115.6
42.8 Operating
Expenses 122.4
198.1 255.5
273.8 158.3
Property Equipment
‐net 10.9
12.9 10.4
7.7 11.7
Total Liabilities
1,619.7 1,936.3
1,728.3 763.5
988.3 P
bl t G
A expenses 18.3
29.3 33.3
34.0 17.9
Salaries and allowances
62.2 104.1
104.2 116.8
69.9 Commissions
15.8 28.6
68.8 68.9
51.2 Payable
to Clearing
Guarantee body
546.2 240.6
59.7 86.7
131.2 Payable
to customers
664.7 557.8
483.9 430.1
598.4 Profit
from operations 99.2
224.6 171.2
135.4 51.1
Other income charges ‐
net 29.4
63.8 154.7
72.6 9.1
Income before tax 69 8
160 8 16 5
62 8 60 2
customers Repo
269.4 407.5
226.3 ‐
‐ Bank
Loans 75.0
620.0 810.0
145.0 100.0
Shareholders
77
Income before tax
69.8 160.8
16.5 62.8
60.2 Net
Income after tax 42.6
108.4 1.0
46.2 43.1
Shareholders Equity
747.6 820.8
663.3 721.4
728.2
Our Strategy and Intent
Business Plan, 2008‐2010
400 500
600
Total Lending Rp bn
Our main focus will be to strengthen BSHB has been showing positive
1 7
.3 1
2 5
.9 1
3 3
.6 1
7 6
.0 2
5 7
.0 4
7 .5
5 5
.0
100 200
300
Our main focus will be to strengthen
Bank Sinar’s capability and
infrastructure by assisting the
implementation of appropriate Risk
Management Tools, an IT Platform, as BSHB
has been showing positive momentum
despite recent macroeconomic
trends. By
the end of Q2’10, BSHB grew total loans
to Rp549.6 bn, with plans to
2004 2005
2006 2007
2008 2009
Q210
1 5 2.0
Total NPL
Management Tools, an IT Platform, as
well as Human Capital Development
We intend to maintain Bank Sinar’s
positioning as the premiere Micro
SME lending institution in achieve
Rp1,0 tn bn by the end of 2010.
From the risk perspective, BSHB has
been able to preserve its low level of
’ 1
.2 5
.8 2
1 .2
5 .6
3 .7
5 .6
8 .8
3
0.5 1.0
1.5
SME lending institution in
Bali, through the introduction of new
products aimed specifically toward
this particular segment
B k M
di i ill l
tili B
k NPLs
at 0.83 Q2’10. Going forward,
BSHB is confident to be able to
maintain gross NPLs below 1.0 through
2010. At the end of Q2’10 BSHB profit
0.0 2004
2005 2006
2007 2008
2009 Q2 10
17.5
Net Interest Margins
Bank Mandiri will also utilize Bank
Sinar as a vehicle to further develop
and penetrate the Micro SME
segment in Indonesia, which is an
integral part of Bank Mandiri’s At
the end of Q2 10, BSHB profit before
tax reached Rp8.9 bn. For the year
ended 2010, BSHB is targeting Rp14.8
bn in profit before tax, in line with
projected asset growth. As a
16.0 14.1
13.5 13.0
10.9 12.4
10.7
5.0 7.5
10.0 12.5
15.0
integral part of Bank Mandiri s
strategy to develop high‐margin
segment result
of these positive trends, by 2010,
BSHB should achieve Rp1,24 tn in
total asset.
78
0.0 2.5
2004 2005
2006 2007
2008 2009 Q2
10
St a
ff in
g an
d D
is tr
ib u
ti o
n N
e tw
o rk
G ro
w th
E m
p lo
ye e
s A
T M
N e
tw o
rk
19,606 18,016
17,204 17,735
18,397 19,693
21,192 21,062
21,631 22,408
22,909 23,445
24,282
513 533
1,184 1,559
2,022 2,470
2,560 2,800
3,186 4,120
4,996 4,997
5,224
1999 2000
2001 2002
2003 2004
2005 2006
2007 2008
2009 Q1
10 Q2
10 1999
2000 2001
2002 2003
2004 2005
2006 2007
2008 2009
Q1 10
Q2 10
D o
m e
st ic
B ran
ch N
e tw
o rk
A T
M ‐L
in k
N e
tw o
rk
65 54
63 68
73 78
90 92
95 1,02
1,09 1,10
1,18 3,16
4,00 4,71
5,53 6,02
6,26 7,04
7,85 12,66
14,16 14,35
58 46
35 87
30 89
09 24
56 27
95 08
80
1999 2000
2001 2002
2003 2004
2005 2006
2007 2008
2009 Q1
10 Q2
10
60 00
16 37
25 65
41 51
66 65
59
1999 2000
2001 2002
2003 2004
2005 2006
2007 2008
2009 Q1
10 Q2
10
Lo an
g ro
w th
, q
u al
it y
p ro
vi si
o n
in g
re lat
iv e
t o
p e
e rs
B an
k O
n ly
, A
s o
f M
ar ch
2 1
To ta
l L o
an s
Rp b
n Lo
an G
ro w
th Y
T D
Lo an
to D
e p
o si
t Ra
ti o
208 181
120 115
82 60
45 40
39 37
26.5 23.7
