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
31
5. CURRENT ACCOUNTS WITH OTHER BANKS continued
d. Average Interest Rates Per Annum:
December 31, April 30, December 31,
2003 2003
2002
Rupiah 0.58
1.05 2.35
Foreign currency 0.34
0.52 1.17
e. Movements of allowance for possible losses on current accounts with other banks:
For the 8-month For the 4-month
For the period ended
period ended year ended
December 31, 2003 April 30, 2003
December 31, 2002
_______________ ____________ ______________
Balance at beginning of period 3,594
3,726 2,461
Reversalprovision for the period 438
107 2,274
Others 47
239 3,539
Balance at end of period 3,203
3,594 3,726
Includes foreign currency translation effect.
Management believes that the allowance for possible losses on current accounts with other banks is adequate.
f. A current account with another bank amounting to Rp2,387, Rp2,492 and Rp2,568 as of December 31, 2003, April 30, 2003 and December 31, 2002, respectively is used as cash
collateral for a bank guarantee issued in favor of a borrower of Bank Mandiri Note 48.
6. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS
a. By Type and Currency:
December 31, April 30, December 31,
2003 2003
2002
Rupiah: Call money:
Bank Indonesia, Jakarta 3,499,223
- 9,528,396
ABN AMRO Bank, Jakarta 100,000
- -
Bank Mega,
Jakarta 100,000
2,000 -
Rabobank International,
Jakarta -
70,000 -
Deutsche Bank AG, Jakarta -
150,000 -
NISP Bank,
Jakarta -
50,000 -
Bank Bukopin,
Jakarta 35,000
- -
Bank Multicor,
Jakarta 5,000
- -
3,739,223 272,000
9,528,396 “Fixed-term” Placements:
Others -
168 168
- 168
168
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
32
6. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS continued
a. By Type and Currency: continued
December 31, April 30, December 31,
2003 2003
2002
Time Deposits: Bank
Niaga, Jakarta
50,000 -
- Bank Internasional Indonesia Syariah Unit
20,000 -
- Bank
Bumiputera, Jakarta
11,700 -
- Bank Mega, Jakarta
10,000 18,241
4,241 Bank
Lippo, Jakarta
10,000 -
- Standard Chartered Bank, Jakarta
10,000 -
- Bank
Danamon, Jakarta
- 135,000
- Bank
IFI, Jakarta
- 16,000
- Others
169 14,244
10,617 111,869
183,485 14,858
Total Rupiah 3,851,092
455,653 9,543,422
Foreign Currency Call Money:
JP Morgan Chase Bank, New York 2,266,325
1,440,133 1,687,075 Wachovia Bank NA, New York
930,963 854,537
891,420 ABN AMRO Bank, New York
674,000 1,085,305
900,370 Rabobank, Singapore
421,250 86,755
- Raiffeisen Zentralbank Osterreich, Singapore
185,350 173,510 26,850
Indover Asia Ltd., Hong Kong 175,741
- -
Fortis Bank, Hong Kong 168,500
50,055 -
Bayerische Hypo-und Vereinsbank AG, Singapore 84,250
86,755 -
United Overseas Bank Limited, Singapore 84,250
- -
National Bank of Kuwait, Singapore 71,893
60,729 -
Sumitomo Bank, Singapore 67,400
215,152 223,750
Den Norske Bank ASA, Oslo 9,979
10,276 -
Bank Negara Indonesia, London -
14,528 -
De Indosesische Overzeese Bank NV, Amsterdam -
133,603 68,020
Commerzbank, Singapore -
216,888 -
Deutsche Bank AG, Frankfurt -
41,527 34,658
Societe Generale Asia Ltd, Hong Kong -
99,768 -
Mizuho Bank, Singapore -
43,378 42,960
Banca Nazionale Del Lavoro, London -
269,808 -
Bank of Nova Scotia, London -
69,404 -
HSBC Bank plc., London -
13,853 51,135
ABN AMRO Bank NV, Amsterdam -
246,103 -
Wachovia Bank, London -
222,960 -
Natexis Banques Populaires, Singapore -
86,755 -
Lloyds TSB Bank plc., London -
52,053 44,750
United Finance of Japan, Singapore -
78,080 35,800
Deutsche Bank AG, Jakarta -
13,331 -
Commerzbank AG, Frankfurt -
52,053 -
National Australia Bank, Singapore -
18,946 15,711
Hamburgische Landeskbank, Singapore -
17,351 -
Credit Industrial Et Commercial, Singapore -
60,729 40,275
Citibank International plc., London -
114,950 -
Others 137
11,221 282,832
5,140,038 5,940,496 4,345,606
