63
Cre d it Card p ortfolio continue d to imp rove in Q2
M andiri Vis a Card De linque nc y Rate s
82.9
35.9 67.2
98.7 87.5
79.4
33.1
16.3 34.5
51.4 83.8
40.8
2 4.7
7.7 6.3
8.2 8.8
Q 1
4 Q
2 4
Q 3
4 Q
4 4
Q 1
5 Q
2 5
Q 3
5 Q
4 5
Q 1
6 Q
2 6
Q 3
6 Q
4 6
Q 1
7 Q
2 7
N PLs 90+D PD W rite-O ffs
Recoveries
M onthly Charg e -offs , NPLs Re c ove rie s Rp Bn
16.8
9.2 16.0
11.7
7.2
4.4 7.1
10.4
6.1 6.8
10.7
3.4 5.0
7.4 4.8
3.7 9.5
4.5 3.1
5.8
2.1 2.5
2.4 2.0
Q 1
4 Q
2 4
Q 3
4 Q
4 4
Q 1
5 Q
2 5
Q 3
5 Q
4 5
Q 1
6 Q
2 6
Q 3
6 Q
4 6
Q 1
7 Q
2 7
30 D PD - Rp 90 D PD - Rp
30 D PD - C ards
90 D PD - C ards
64
Re g ulations on Asse t Classification: PBI No. 7 2 PBI 2005
Classification b y Ag ing of
Inte re st Payme nts
Classification b y Ag ing of
Inte re st Payme nts
BI Colle ctib ility take s
p re ce d e nce BI Colle ctib ility
take s p re ce d e nce
One De b tor, One Proje ct
Conce p t One De b tor,
One Proje ct Conce p t
Comp le te ne ss of Financial
Re p ort Comp le te ne ss of
Financial Re p ort
De taile d Classification
Guid ance De taile d
Classification Guid ance
Bus ine s s O utlook
¾
Busine ss g rowth p ote ntial
¾
Marke t cond ition d e b tor p osition in the
marke t
¾
Manag e me nt q uality
¾
Group sup p ort
¾
Environme ntal factors
Financial C ond ition
¾
Profitab ility
¾
Cap ital structure
¾
Cash flow
¾
Se nsitivity to marke t risk
Pay m e nt Ab ility
¾
On time p ayme nt
¾
Availab ility of d e b tor’s financial information
¾
Comp le te ne ss of cre d it d ocume ntation
¾
Comp liance toward cre d it ag re e me nt
¾
Nature of p ayme nt source
¾
Ap p rop riate ne ss of fund s usag e In instance s whe re the re is d isag re e me nt in the d e te rmination of e arning asse t colle ctib ility b e twe e n the
b ank, its e xte rnal aud itors and BI, the b ank m us t ad op t BI’s d e te rmination
¾
The Bank must classify all of its e arning asse ts to a sing le d e b tor at the le ve l of the lowe st q uality asse t
¾
For d e b tors with e xp osure s to more than one b ank, all b anks must ad op t the lowe st classification ap p lie d b y any one b ank to the d e b tor.
¾
All e arning asse ts re late d to a p articular p roje ct must b e classifie d at the same le ve l
¾
Banks must re q uire d e b tors to sub mit curre nt financial state me nts
¾
Failure to sub mit financial state me nts must re sult in an automatic d owng rad e of colle ctib ility b y one le ve l, or to a maximum classification of sub -stand ard
No chang e to BI Prov. Re q . C urre nt
Pre vious ly C las s ification b y Pay m e nt His tory
100 181+ d ays
271+ d ays Cate g ory 5 - Loss
50 121 – 180 d ays
181 – 270 d ays Cate g ory 4 - Doub tful
15 91 – 120 d ays
91 – 180 d ays Cate g ory 3 – Sub -Stand ard
5 1 – 90 d ays
1 – 90 d ays Cate g ory 2 – Sp e cial Me ntion
1 Curre nt
Curre nt Cate g ory 1 - Curre nt
Imp le me nte d in Q1 2005 Imp le me nte d in Q2 2005
65
Accounting for Inte re st, Provisions and Collate ral
Re cog nition of Inte re st Income
Re cog nition of Inte re st Income
Booking of Payme nts from
Borrowe rs Booking of
Payme nts from Borrowe rs
Valuation of Collate ral
Provisioning Valuation of
Collate ral Provisioning
Provisioning Provisioning
IBRA Loans Re s tructure d Loans
Re g ular Loans C las s ification
Cash Basis Cash Basis
Cash Basis C at. 5 - Loss
Cash Basis Cash Basis
Cash Basis Cat. 4 - Doub tful
Cash Basis Cash Basis
Cash Basis Cat. 3 – Sub -Stand ard
Cash Basis Cash Basis
Accrual Basis Cat. 2 – Sp e cial Me ntion
Cash Basis Accrual Basis
Accrual Basis Cat. 1 - Curre nt
IBRA Loans w o ne w ag re e m e nt
Re s tructure d Loans Re g ular Loans
C las s ification
Princip al Princip al
Princip al C at. 5 - Loss
Princip al Princip al
Princip al Cat. 4 - Doub tful
Princip al Inte re st
Inte re st Cat. 3 – Sub -Stand ard
Princip al Inte re st
Inte re st Cat. 2 – Sp e cial Me ntion
Princip al Inte re st
Inte re st Cat. 1 - Curre nt
IBRA Loans Re s tructure d Loans
Re g ular Loans C las s ification
100 C at. 5 - Loss
50 Cat. 4 - Doub tful
15 Cat. 3 – Sub -Stand ard
5 Cat. 2 – Sp e cial Me ntion
As p e r BI re g ulations, e xce p t: − Diffe re nce b e twe e n p rincip al
and p urchase d value b ook as − Provisions, or
− De fe rre d income if a ne w ag re e me nt has b e e n mad e
As p e r BI re g ulations, e xce p t: − Not re ve rse d b y up g rading
− Re ve rse d b y p rincipal re payme nt − Be g inning p rovisions d e te rmine d
at 31 De c. 2004 − Base d on ne t b ook value afte r
re structuring loss 1
Cat. 1 - Curre nt
All Loans C ollate ral
C las s ification
C at. 5 - Loss Cat. 4 - Doub tful
Cat. 3 – Sub -Stand ard −Can b e cre d ite d
ag ainst cash p rovisions for Cat. 2-5
Cat. 2 – Sp e cial Me ntion Collate ral valuation for p rovisioning is d e te rmine d b y the ag ing of the
most re ce nt ind e p e nd e nt ap p raisal for asse ts ove r Rp 5b n: −70 of ap p raise d value within the initial 12 months
−50 of ap p raise d value within 12 to 18 months −30 of ap p raise d value within 18 to 24 months
−No value afte r 24 months from ap p raisal Not value d
Cat. 1 - Curre nt
66
Summary of Princip al Sub sid iarie s
• Eq uity Inve stme nt of Rp 735.35 b illion • Total Asse ts Rp 2,641 b illion, total
liab ilitie s Rp 1,873 b illion and Eq uity Rp 768 b illion
• Op e rating Income amount to Rp 106.4 b illion, and PAT Rp 56.0 b illion
• Bond und e rwriting amounting to Rp 7.57 trillion
• Eq uity transactions in BEJ of Rp 18.26 trillion
• Bond transactions SUN throug h BES of Rp 37.71 trillion rank 1 with 18
marke t share
• Throug h Mand iri Manaje me n Inve stasi, offe re d a rang e of 22
p rod ucts, consiste d of 21 mutual fund s and 1 d iscre tionary fund . Total
Asse t Und e r Manag e me nt amounting to Rp 2,309 b illion
Bank Syariah M andiri M andiri Se kuritas
AXA M andiri
• Eq uity Inve stme nt of Rp 94.25 b illion • Total Asse ts Rp 2,467.30b illion, Annual
First Ye ar Pre mium AFYP of Rp 251.28 b illion and total p rofit Rp 53.97b illion
• Total Gross Writte n Pre mium GWP Rp 745.30 b illion, consists of unit-linke d
p re mium of Rp 727.11 b illion 97.57 and trad itional p rod uct p re mium of
Rp 18.14 b illion 2.43 . Group b usine ss accounte d for Rp 17.77 b illion while
Rp 727.50 b illion came from ind ivid ual p re miums.
• Emb e d d e d value of Rp 385.83 b illion b e fore e xp e nse ove rrun and ap p raisal
value of Rp 1,349.9b illion • Op e rating since De ce mb e r 2003, had a
p re se nce in 681 Bank Mand iri b ranche s with a te am consisting of 896 Financial
Ad visors FAs
• In Q4 2006, AXA Mand iri’s marke t share in acq uiring ne w b usine ss out of all life
insurance comp anie s in Ind one sia was 4.26
• Eq uity Inve stme nt of Rp 759.03 b illion • Total Asse ts of Rp 10,438 b illion, with
total financing e xte nd e d amount to Rp 8,465 b illion and total fund s of
Rp 8,851 b illion
• Op e rating Income amounting to Rp 543.1 b illion and Profit Afte r Tax of
Rp 61.8 b illion
• Marke t share ag ainst of Syariah Banking : 36.59 in asse ts, 35.95 in
financing e xte nd e d and 39.95 in d e p osits
• CAR= 14.80 • ROA= 1.45
• ROE= 17.49 • 238 outle ts, consisting of 183
b ranche s Cash Office s, 34 KLS, 20 Payme nt Point locations and 1 Mob ile
Cash; along with 54 b rand e d ATMs
67
Branc h Ne twork Cus tom e r Growth
Bank Syariah Mand iri
32 48
88 134
164 178
183 206
759 837
533
357
115 70
2001 2002
2003 2004
2005 2006
H1 07 Branches
Customers 000s
Sum m ary Balanc e She e t Rp Billions
694 3,498
2,662 2,059
8,219 7,138
262 7,401
497 326
1,377 9,612
2006
549 3,334
1,567 981
5,882 5,181
86 5,267
427 235
796 6,870
2004
8,465 5,791
Total Financing 588
383 Se curitie s - Ne t
209 168
Curre nt Accounts Place me nts
w Othe r Banks 1,331
1,689 Cash p lace me nt
w BI 10,438
8,273 Total Asse ts
H1’07 2005
Rp Bn
8,080 5,664
Total Financing - Ne t 8,851
7,037 Third Party Fund s
1,979 1,261
De mand De p osits 3,023
1,958 Saving s De p osits
3,849 3,818
Time De p osits 633
127 386
Allowance s
Share hold e rs Eq uity 758
68
Bank Syariah Mand iri
Sum m ary PL Rp billions
10.23 1.10
12.56 90.21
62.6 95.5
102.1 383.0
142.4 479.7
455.5 935.2
2006
17.49 1.45
14.80 95.64
61.8 90.5
90.0 208.0
103.3 308.1
235.0 543.1
H1 ‘07
22.3 2.9
10.6 83.3
103.4 150.4
140.6 276.4
102.0 315.0
269.2 584.2
2004
11.9 20.9
CAR 75.6
66.1 LDR
83.8 15.8
Ne t Income afte r tax 136.7
24.5 Ne t Income b e fore tax
137.2 23.0
Income from Op e rations
3.6 1.0
159.9 51.9
131.1 148.4
279.4 2003
479.1 Banks Share in Op e rating
Income 386.4
3rd Party Share on Re turns 865.5
Total Op e rating Income 2005
435.6 Op e rating Exp e nse s
1.8 ROA
14.6 93.6
Othe r Op e rating income
ROE
Se le c te d Financ ial Ratios
69
Mand iri Se kuritas
Sum m ary PL
42.6 69.8
29.4 99.2
15.8 62.2
18.3 122.4
124.2 51.8
5.8 3.4
16.0 20.2
221.6 2006
106.4 82.8
109.4 Profit from op e rations
12.1 21.2
36.2 Commissions
46.9 48.4
53.7 Salarie s and allowance s
63.0 101.3
8.1 23.4
134.6 82.7
61.9 20.6
10.4 53.0
15.6 244.0
2004
4.3 9.0
Und e rwriting Se lling Fe e s
10.4 6.0
Ad visory fe e s 12.4
42.6 Inve stme nt Mg mt Fe e s
30.0 20.9
Broke rag e Commissions 200.9
197.3 Op e rating Re ve nue
H1 ‘07 2005
Rp Bn
97.1 131.8
Inte re st Divid e nd s 94.5
114.5 Op e rating Exp e nse s
14.1 20.6
G A e xp e nse s
24.8 34.8
Othe r income charg e s - ne t 81.6
48.0 Income b e fore tax
18.4 13.1
46.1 Gain on Trad ing of
Marke tab le Se curitie s
Ne t Income afte r tax 56.0
747.6 75.0
269.4 664.7
546.2 1,619.7
10.9 1,267.0
480.1 -
80.1 2,367.4
2006
736.4 190.0
2.0 420.3
39.1 699.3
11.8 478.6
538.8 50.0
117.4 1,435.7
2004
876.8 84.3
Re ce ivab le s 500.8
746.5 Marke tab le
Se curitie s -
- Time d e p osit
91.6 51.8
Cash Eq uivale nt
2,641.3 1,258.7
Total Asse ts H1 ‘07
2005 Rp Bn
1,872.8 565.9
Total Liab ilitie s 341.7
30.1 Payab le to
Cle aring Guarante e b od y
627.8 52.7
Payab le to custome rs
196.3 137.1
Re p o 595.0
305.0 Bank Loans
692.8 9.6
11.0 Prop e rty
Eq uip me nt-ne t
Share hold e rs Eq uity 768.4
Sum m ary Balanc e She e t
21,062 21,504
19,606 18,016
17,204 17,735
18,397 19,693
21,192
1999 2000
2001 2002
2003 2004
2005 2006
Q 2 07
S ta
ff in
g a
n d
D is
tr ib
u ti
o n
N e
tw o
rk G
ro w
th
924
658 635
730 909
546 687
789 924
1999 2000
2001 2002
2003 2004
2005 2006
Q 2 07
6,265 6,267
6,025
3,160 4,000
4,716 5,537
1999 2000
2001 2002
2003 2004
2005 2006
Q 2 07
2,800 2,802
513 533
1,184 2,022
2,470 2,560
1,559
1999 2000
2001 2002
2003 2004
2005 2006
Q 2 07
Em p
lo y
e e
s
D o
m e
s ti
c B
ra n
c h
N e
tw o
rk A
T M
N e
tw o
rk
A T
M -L
in k
N e
tw o
rk
2 4
9 5
N e
w A
T M
s
2
4 9
5 2
5 2
1 1
-0 .6
7 .6
7 .0
U 2
.1
3 .7
3 .1
-4 .5
-8 .1
1 5
1 2
5 9
N e
w B
ra n
c h
4 3
5 2
8 9
-1 1
2
L o
a n
g ro
w th
, q u
a li
ty a
n d
p ro
v is
io n
in g
r e
la ti
v e
t o
p e
e rs
B a
n k
O n
ly , A
s o f M
a rc
h 2
7
199 186
151 92
61 57
51
110 66
84
Lippo BCA
BRI D anamon
Panin Mandiri
Permata N iaga
BN I BII
R a
ti o
o f P
ro v
is io
n s
t o
N P
L
105,609 91,059
69,279 57,449
41,243 32,316
23,819 20,630
12,871
21,443
Mandiri BRI
BN I BCA
D anamon N iaga
Permata BII
Panin Lippo
T o
ta l L
o a
n s
R p
b n
7.8 -3.4
