PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
83
29. SUBORDINATED LOANS
a. By Currency:
2007 2006
Rupiah: Two-Step Loans TSL
Nordic Investment Bank NIB a 213,724
246,358 Export-Import Bank of Japan EBJ b
- 9,765
Asian Development Bank ADB c 688
1,378 International Bank for Reconstruction
and Development IBRD d -
8,674 ASEAN Japan Development Fund-Overseas
Economic Cooperation Fund AJDF-OECF e 71,506
84,507 ASEAN Japan Development Fund-Export-Import
Bank of Japan AJDF-EBJ f 1,687
2,812 287,605
353,494 Bank Indonesia
2,423,859 2,448,859
Total Rupiah 2,711,464
2,802,353 Foreign Currency:
Two-Step Loans - Asian Development Bank ADB c 203,864
200,797 Two-Step Loans - Kreditanstalt fur Wiederaufbau, Frankfurt KfW g
19,947 34,192
Others -
1,120,018 Total Foreign Currency
223,811 1,355,007
2,935,275 4,157,360
b. By Type:
2007 2006
Two-Step Loans TSL Nordic Investment Bank NIB a
213,724 246,358
Export-Import Bank of Japan EBJ b -
9,765 Asian Development Bank ADB c
204,552 202,175
International Bank for Reconstruction and Development IBRD d
- 8,674
ASEAN Japan Development Fund-Overseas Economic Cooperation Fund AJDF-OECF e
71,506 84,507
ASEAN Japan Development Fund-Export-Import Bank of Japan AJDF-EBJ f
1,687 2,812
Kreditanstalt fur Wiederaufbau, Frankfurt KfW g 19,947
34,192 511,416
588,483 Bank Indonesia
2,423,859 2,448,859
Others -
1,120,018 2,935,275
4,157,360
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2007 and 2006 Expressed in millions of Rupiah, unless otherwise stated
84
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 IV
Nordic Investment Bank III 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. April 15, 1997 - February 28, 2017 with
the 1
st
installment on August 31, 2002. August 4, 1993 - August 15, 2008 with
the 1
st
installment on February 15, 1999.
The details of credit facilities from Nordic Investment Bank are as follows:
2007 2006
a Nordic Investment Bank IV NIB IV 202,394
223,698 b Nordic Investment Bank III NIB III
11,330 22,660
213,724 246,358
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:
2007 2006
Export-Import Bank of Japan IV EBJ-TSL IV -
9,765
