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
77
25. FUND BORROWINGS continued
c 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 agreement which will be effective until
2007 is in the extention process. The facilities were re-loaned to direct and indirect exporter customers of Bank Mandiri and bear interest at market rates.
d The Government of Republic of Indonesia This account represents credit facilities obtained from The Government of Republic of Indonesia
based on agreement No. KP-022DP32004 dated May 14, 2004 which was amended with agreement No. AMA-7KP-022DP32004 dated December 15, 2004 and letter No.5-662PB.72005 dated May
13, 2005 regarding amendment of loan agreement between The Government of Republic of Indonesia and PT Bank Mandiri Persero Tbk No. KP-022DP32004 dated May 14, 2004. This
borrowing is re-loaned by Bank Mandiri to the small and micro businesses which procedures, arrangements and requirements of the relending program are agreed with the Decision Letter of
Ministry of Finance No. 40KMK.062003 dated January 29, 2003 regarding Credit Financing Facilities for Small and Micro Businesses and amended with Decision Letter of Ministry of Finance No.
74KMK.062004 dated February 20, 2004. This facility bears interest at 3-month SBI rate which will be determined every four months at March 10, June 10, September 10 and December 10 based on
the latest SBI auction rate. The repayment of the borrowing will be made in five 5 installments and the first installment will be due on December 10, 2007.
e Direct Off-shore Loans The details of direct off-shore loans are as follows :
2006 2005
Deutsche Bank AG, Singapore 675,225
737,250 Sumitomo Mitsui Banking Corporation, Singapore
270,090 294,900
Bayerische Hypo-Und Vereinsbank AG, Singapore 135,045
147,450 Natexis Banques Popularies
135,045 -
Overseas Chinese Banking Corp. 135,045
- Bank of New York, Singapore
9,003 -
United Overseas Bank, Singapore -
265,410 1,359,453 1,445,010
Borrowing from Deutsche Bank AG, Singapore bear interest at three-month LIBOR plus an applicable margin, borrowing from Sumitomo Mitsui Banking Corporation SMBC, Singapore bear interest at
three-month SIBOR plus an applicable margin, borrowing from Bayerische Hypo-und Vereinsbank AG BHV, Singapore bear interest at six-month LIBOR plus an applicable, borrowing from Natexis
Banques Popularies and Overseas Chinese Banking Corp., Singapore bear interest at three-month LIBOR plus an applicable, borrowing from Bank of New York, Singapore bear fixed interest 5.59 and
borrowing from United Overseas Bank UOB, Singapore bear interest at six-month SIBOR plus an applicable margin. These borrowings will be fully paid on maturity date.
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
78
25. FUND BORROWINGS continued
