PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
105
29. SUBORDINATED LOANS continued
Two-Step Loans continued b Export-Import Bank of Japan EBJ continued
Details of outstanding credit facilities from the Export-Import Bank of Japan EBJ are as follows:
December 31, April 30,
December 31, 2003
2003 2002
a Export-Import Bank of Japan I EBJ-TSL I
10,093 13,457
16,821 b
Export-Import Bank of Japan II EBJ-TSL II 15,148
22,722 30,296
c Export-Import Bank of Japan III EBJ-TSL III
59,135 73,919
88,703 d
Export-Import Bank of Japan IV EBJ-TSL IV 68,352
78,116 87,882
e Export-Import Bank of Japan V EBJ-TSL V
- -
442
152,728 188,214
224,144
The interest rate on the credit facilities from EBJ-TSL I and EBJ-TSL II is based on the weighted average interest rate for customers’ deposits in the participating banks as determined by Bank
Indonesia every six months, less 1.
The interest rate on the credit facilities from EBJ-TSL III, IV and V is based on the 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 on EBJ loans plus 4 for EBJ-TSL
III. • Not be higher than the six-months’ average interest rate for three-month time deposits in five
state-owned banks for EBJ-TSL IV and V. Credit facilities EBJ-TSL V have been fully paid in March 2003.
c Asian Development Bank “ADB” This account represents credit facilities from the ADB through the Government of the Republic of
Indonesia, via 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 ADB Fishery II
Finance government projects in funding credit for fishery projects.
December 19, 1991 - September 15, 2006 with the 1
st
installment on March 15, 1995.
ADB Perkebunan Nusantara XII formerly Nescoco Plasma
and Nescoco Inti Finance
government projects in funding
credit for plantation projects. February 15, 1989 - September 15,
2008 with the 1
st
installment on March 15, 1995.
Development Financing Loan Project
Finance industrial sector prioritizing manufacturing products for non-oil
export, agro-based industry, employee- centred programs and earning foreign
exchange. January 10, 1990 - January 15,
2005 with the 1
st
installment on July 15, 1993.
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
December 31, 2003, April 30, 2003 and December 31, 2002 Expressed in millions of Rupiah, unless otherwise stated
106
29. SUBORDINATED LOANS continued
