4Q11 English Final
On Going Structural Changes
4Q11 Analyst Meeting
bank bjb
1
macroeconomic
Strong Economic Growth
GDP Growth
With CCI at All Time High
Consumer Confidence Index
BI Rate
120
12
110
10
100
(pts)
8
6
80
4
2
70
0
60
Strong Currency & Bonds Market
Low Inflation Environment
1mth JIBOR
CPI
USDIDR
20
10
5
0
USDIDR
15
(%)
90
10yr Govt Bond
13000
19
12000
17
11000
15
10000
13
9000
11
8000
9
7000
7
6000
5
(%)
(%)
14
2
banking sector
Loans Growth
Deposit Growth
40.0
35.0
On 4Q11, banking sector total loans grew 23.4% YoY, while
30.0
total deposit grew 20.8%. Investment loans was the fastest
(%)
25.0
growth loans segment with 33.3% YoY, followed by 24.4%
20.0
15.0
growth on consumer loans, and 21.5% on working capital
10.0
loans. Banks profitability increase to 3.0% along with LDR
5.0
which inched up to 79%. The sector NPL fell to 2.2% vs. 2.6%
-
on 4Q10.
Investment Loans
60.0
50.0
WC Loans
Consumer Loans
4Q10
4Q11
YoY (%)
Total Loans
1784
2200
23.4
Total Deposit
2304
2784
20.8
LDR
77
79
1.6
NPL
2.6
2.2
0.39
ROA
2.9
3.0
0.17
(%)
40.0
30.0
20.0
10.0
-
3
result highlight
Consolidated
4Q10
4Q11
YoY (%)
Loans
23,070
28,223
22.3
Deposit
32,341
39,227
21.3
LDR
71.3%
72.0%
0.7
NIM
7.3
6.8
-0.5
NPL
1.86
1.21
-0.65
890
962
8.1
Net Profit
4
ratios
4Q10
1Q11
2Q11
3Q11
4Q11
Tier – 1
22.6
19.6
19.4
18.9
18.4
CAR Ratio
22.8
19.6
19.2
18.8
18.4
Gross NPL
1.86
2.38
2.37
2.56
1.21
Net NPL
0.34
0.48
0.67
0.77
0.41
Coverage Ratio
140
128
119
114
159
NIM
7.3
6.9
7.0
6.8
6.8
Cost to Income Ratio
46.6
45.8
50.1
49.7
51.1
ROAA
2.2
2.2
2.0
1.9
1.9
ROAE
21.8
21.3
18.2
18.0
19.0
LDR
71
70
71
67
72
Net Open Position
2.15
2.14
1.97
1.85
0.15
BVPS
515.3
481.9
512.4
538.3
555.6
5
income statement
Income Statement
(Rp bn)
FY10
FY11
YoY (%)
1Q11
2Q11
3Q11
4Q11
QoQ (%)
Interest Income
4,894
5977
22.1
1,369
1,448
1,558
1,601
2.8
Interest Expense
(2,255)
(2915)
29.3
(666)
(686)
(770)
(794)
3.1
Net Interest Income
2,640
3,061
15.9
703
762
788
808
2.5
Other Operating
Income
306
240
-21.5
49
59
43
89
7.0
Operating Expense
(1,374)
(1,686)
22.7
(320)
(430)
(409)
(526)
28.6
PPOP
1,572
1,616
2.8
432
391
422
371
-12.1
Provisioning
Expense
(381)
(341)
-10.5
(111)
(12)
(97)
(121)
2.5
Non Operating
Income (Expense)
29
45
55.2
30
(2)
11
5
-54.6
Profit Before Tax
1,220
1,320
8.2
351
377
336
255
-24.1
Net Profit
890
962
8.1
260
284
251
168
-33.1
EPS
105.5
99.2
-6.0
26.8
29.3
25.9
17.2
-33.6
6
balance sheet
Balance Sheet
Highlight
(Rp bn)
4Q10
1Q11
2Q11
3Q11
4Q11
YoY (%)
QoQ (%)
Cash
1,375
1,151
1,211
1,291
1,726
25.5
33.7
Current Account with
Bank Indonesia
2,719
3,141
3,013
3,471
3,674
35.1
5.9
Secondary Reserves
15,161
17,262
17,906
20,542
19,289
27.2
-6.1
Loans-net
23,070
23,938
25,876
27,027
28,223
22.3
1.0
Fixed Asset-net
549
549
544
560
560
2
0
Other Asset
571
626
776
928
977
71.1
5.28
Total Asset
43,446
46,667
49,326
53,819
54,449
25.3
1.2
Total Third Party
Fund
32,341
34,026
36,255
40,409
39,227
19.4
-3.9
Marketable
Securities Issued
1,746
3,741
3,741
3,742
2,743
57.1
-26.7
Fund Borrowings
13
12
12
12
174
13,384
14,500
Others
5,500
5,267
5,638
6,054
8,889
61.6
46.8
Total Liabilities
38,450
41,989
44,358
48,599
49,062
27.6
0.9
Total Equity
4,996
4,677
4,969
5,219
5,387
7.8
3.2
7
loans breakdown (bank only)
30.0
Consumer Loans
Micro Loans
Commercial Loans
25.0
4.6
4.4
4.2
20.0
3.4
(Rp tr)
1.9
3.7
2.2
3.7
3.7
2.4
Segment
(Rp bn)
4Q10
4Q11
YoY
(%)
Micro Loans
2,363
2,946
24.6
Consumer Loans
16,051
19,644
22.4
Commercial Loans
3,652
4,409
20.7
Total
22,066
26,998
22.3
Currency
(Rp bn)
4Q10
4Q11
YoY
(%)
IDR
22,066
26,794
21.4
Forex
0
204
-
2.9
2.7
2.9
2.5
15.0
10.0
16.2
16.5
16.1
16.8
18.1
18.7
19.6
5.0
-
8
deposits breakdown (bank only)
Time Deposit
Savings Account
Current Account
45.0
Deposits Breakdown
(Rp bn)
4Q10
4Q11
YoY
(%)
40.0
Current Account
7,590
11,093
46.1
Saving Account
4,730
6,186
30.8
Time Deposit
18,871
19,977
5.9
TOTAL
31,191
37,255
19.4
CASA Ratio (%)
39
46
Currency
(Rp bn)
4Q10
4Q11
YoY
(%)
IDR
30,865
36,951
19.7
Forex
326
304
-6.4
35.0
10.8
11.1
30.0
(Rp tr)
10.8
10.3
10.0
7.6
10.0
4.4
25.0
3.6
20.0
3.5
6.2
4.1
4.7
3.9
15.0
10.0
18.4
19.8
18.9
19.1
20.9
23.5
20.0
5.0
0.0
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
9
sharia business performance
Total Financing
Total Deposit
2.5
2.2
2.0
1.7
1.6
1.6
1.5
4Q10
4Q11
YoY
(%)
Murabahah – (Trading)
766.2
806.6
5.3
Ijarah
194.0
56.7
-70.8
Musyarakah
279.5
321.6
15.1
Mudharabah
199.5
183.0
-8.3
Qardh – (Bridging)
135.2
391.4
189.5
Ijarah – (Pawning)
28.9
6.8
-76.5
Total Financing
1603.4
1766.2
10.2
Funding
4Q10
4Q11
YoY
(%)
Wadiah Current Account
131.7
175.0
32.9
Mudharabah Current
Account
20.4
32.6
59.8
Wadiah Savings Account
39.6
71.9
81.6
Mudharabah Savings
Account
148.2
167.9
13.3
Mudharabah Time Deposit
981.9
1771.1
80.4
Total Funding
1321.8
2218.5
67.8
1.7
1.6
1.5
1.4
1.3
(Rp tr)
Loans
1.1
1.0
0.5
4Q10
1Q11
2Q11
3Q11
4Q11
10
earning asset
Average Earning Asset
Net Interest Income
NIM
50
8.0
4Q10
4Q11
45
45
43
7.0
Earning Asset
38,246
47,591
6.0
Non Earning Asset
5,200
6,858
5.0
NIM
7.3
6.8
40
39
40
36
34
35
(Rp tr)
30
4.0
25
(%)
32
Earning Asset Composition
20
3.0
Placement
15
Marketable Securities
Loans
Others
0.2
2.0
16.6
10
5
-
1.0
2.4
2.6
2.6
2.7
2.8
2.9
3.1
59.3
24.0
-
11
assets quality
Absolute NPL
Total Provisioning
Coverage
900
180%
789
800
160%
730 729
692
700
623
600
577
140%
613
600
120%
570
(Rp bn)
541
500
4Q10
4Q11
Total
Write Off
(Rp bn)
Micro Loans
2.45
2.63
95
Consumer
Loans
0.18
0.17
24
Commercial
Loans
8.75
4.79
277
Total Loans
1.84
1.21
396
100%
437 429
400
Gross NPL
(Bank only)
388
80%
342
300
60%
Gross NPL-company
Net NPL-company
3.0
200
40%
2.0
100
20%
2.4
2.5
1.9
2.0
0%
2.6
1.9
1.2
1.5
1.0
-
2.4
0.5
0.3
0.2
0.3
0.5
0.7
0.8
0.4
-
12
assets quality (bank only)
NPL Movement
Balance Sheet Provision Movement
800
1000
900
700
800
600
330
312
396
700
396
500
(Rp bn)
(Rp bn)
600
400
500
400
300
300
200
411
575
508
327
200
100
100
0
0
Beginning
NPL
Formation
Write Off
Ending
Balance
Beginning Charge to
P&L
Write Off
Ending
Balance
13
new loans approval process
Consumer Loans
Sub Branch
Debtors
Sub Branch
Scoring
Sub Branch
Branch
Debtors
Branch
Head
Scoring
Branch
Scoring
Regional
Office
Group Head /
Regional
Office
Consumer
Division
Risk Reviewer
Credit Proposal
Credit Approval
Four eyes
BOD
Scoring
Division
Max. Rp40bn
BOD
>Rp40bn
14
new loans approval process
Micro Loans
Waroeng C
Waroeng bjb/
Sub Branch
/Branch
Scoring
KCP/Waroeng B
Cabang/Waroeng A
Division
Micro
Division
Risk Reviewer
Max. Rp 40bn
Credit Proposal
Credit Approval
BOD
BOD
> Rp40bn
Credit Risk Reviewer
15
new loans approval process
Commercial Loans
Sub Branch
Debtors
Branch
Debtors
Head Office
Marketing
Sub Branch
Sub Branch
Branch
Commercial
Group
Branch Manager
(Risk Reviewer)
Max. Rp500mn
Commercial
Center
Risk Reviewer
Regional Office
Max. Rp2bn
Commercial
Division
Risk Reviewer
Division
Max. Rp40bn
Credit Proposal
Credit Approval
Credit Risk Reviewer
BOD
BOD
>Rp40bn
Approval Appeal
16
distribution network
bank bjb Distribution Network per Sept 2011
Categories
4Q11
Expansion Plan in 2012
Main Branches
51
5
Sub Branches
203
96
Cash Outlets
55
85
Payment Points
90
23
Waroeng bjb
0
429
Mobile Cash
7
4
Priority Banking Services
11
0
Sub Total
417
642
ATM
528
472
)*bjb ATM can accessed by more than 167.000 ATM Bersama, ATM
Prima/BCA, and Prima Debet Points
Main Branches Outside West Java & Banten are located in:
Jkt - Arthaloka
Jkt – Hasyim Ashari
Jkt – Mangga Dua
Jkt - Rawamangun
Jkt – Kebayoran Baru
Batam
Medan
Denpasar
Semarang
Makassar
Pekanbaru
Tegal
Surabaya
Batam
Balikpapan
Solo
Palembang
17
active asset liability management
Asset Yield (LHS)
Cost of Fund (RHS)
14.0
7.0
13.9
6.9
13.8
6.8
Bank bjb asset yield fall by 23bps QoQ mainly due to falling BI
Rate and interbank market which now stands at ~3.75%
average. We are manage this falling yield by cutting the special
rate time deposit to 7.75 as of 4Q11 while paying bonds worth
13.7
6.7
13.6
6.6
13.5
6.5
of Fund which fall by 20bps QoQ. We are planning to pay
Bonds VI worth Rp350bn (12% coupon rate) on July 2012.
(%)
(%)
Rp1tr (11.25% coupon rate). This policy has impacted our Cost
Deposits
Breakdown (Rp
bn)
4Q10
1Q11
2Q11
3Q11
4Q11
Average
Earning Asset
38,246
41,200
43,783
47,568
47,591
Asset Yield
13.5
13.3
13.5
13.5
13.3
13.4
6.4
13.3
6.3
13.2
6.2
13.1
6.1
Average
Interest Bearing
Liabilities
35,930
39,449
42,121
46,022
45,366
13.0
6.0
Cost of Fund
6.4
6.6
6.9
6.9
6.7
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
18
operating expenses
(%)
Operating Income/Opex
90
85
80
75
70
65
60
55
50
45
40
Cost to Income Ratio
Peaking up cost are due to network expansion and new hire
76
76
77
78
79
80
79
as we are establishing the micro loans infrastructure. We
expect the cost to peak on 2012 as naturally expansion and
hiring cost will come earlier before our new business start
48
49
47
50
50
51
46
generating interest income. We expect the Cost to Income
Ratio to reach 51% - 54% this year.
Opex Breakdown
(Rp bn)
4Q10
4Q11
YoY
(%)
1Q11
2Q11
3Q11
4Q11
QoQ
(%)
Salary
(697)
(763)
9.5
(132)
(216)
(163)
(252)
54.6
G&A
(556)
(785)
32.2
(141)
(187)
(210)
(247)
17.6
Others
(122)
(138)
13.1
(48)
(27)
(36)
(27)
-25.0
Total
(1,374)
(1,686)
22.7
(320)
(430)
(409)
(526)
28.4
19
capital efficient business
Risk
Weighted
Asset
4Q10
1Q11
2Q11
3Q11
4Q11
Bank bjb has a capital efficient business model as our
consumer loans risk weight is low at 50%, while our plan
to expand our presence in micro loans also has a low
Credit Risk
15,753
16,815
18,102
19,215
19,940
risk weight (75%) compared to commercial loans (100%
risk weight). Hence, we believe we could sustain our
Market Risk
15,999
16,976
18,260
19,449
20,207
Operational
Risk
18,415
21,477
22,761
23,950
24,708
RWA/Total
Asset
42%
46%
46%
45%
45%
tier-1
4,278
4,274
4,415
4,539
4,552
tier -2
Total Capital
CAR Ratio
(71)
4,207
22.8%
(59)
4,215
19.6%
(43)
4,372
19.2%
(31)
4,508
18.8%
capital generation/capital utilization going forward.
Addition to
RWA/
Net Impact
Rp1tr Net
to CAR
Expansion
CAR Analysis
Risk
Weighting
Micro Loans
75%
Rp750bn
-0.54%
Commercial Loans
100%
Rp1tr
-0.72%
Consumer Loans
50%
Rp500bn
-0.37%
(16)
4,536
18.4%
20
growing customer based
Customer Deposit Breakdown
Details
4Q10
4Q11
YoY Growth
(%)
Government Related
22.9%
23.5%
25.1
Retail Clients
21.7%
24.9%
40.2
Corporate Clients
55.4%
51.6
13.9
Number of Account Breakdown
Details
4Q10
4Q11
Growth
YoY %
Government Related
16,075
15.965
(110)
-0.7
Retail Clients
1,108,082
1,373,793
265,711
24.0
Corporate Clients
169,000
170,237
1,237
0.7
Total
1,293,157
1,559,995
266,838
20.6
21
performances by area
Bank bjb Business Segment (Consolidated)
Consolidated Breakdown
Deposits
Loans
Number of Branches
Sharia
2,219 (5.7%)
1,732 (6.1%)
7
Conventional
37,008 (94.3%)
26,491 (93.9%)
51
Bank bjb Geographical Present (bank only)
Geographical Breakdown
Deposits
Loans
Number of Branches
West Java
59.0%
77.8%
30
Banten
14.1%
14.8%
7
Jakarta
24.4%
5.6%
5
Others
2.5%
1.8%
9
22
2012 target summary
Target
Range
Loans Growth
22% - 25%
Deposit Growth
15% - 18%
ROAA
1.8% - 2.0%
ROAE
18% - 20%
NIM
6.8% - 7.2%
Cost of Fund
6.4% - 6.7%
Cost to Income Ratio
51% - 54%
Gross NPL
1.2% - 1.7%
Credit Cost
1.0% - 1.4%
CASA Ratio
40% - 45%
23
road map
A Strong Sustainable Growth and Profitable National Bank
2011-2012
2013-2014
2015
Building/Establishment
New Infrastructures
Leading in Service
As One of the Big Banks
A National Bank
Leading in Service and
Performance
Strategy
Developing HR
Competence, IT
Infrastructure,
and organization for :
o Micro & SME
Financing
o Consumer &
Commercial Banking
o Treasury &
International
Strategy
Matching the 10 Biggest
Banks in areas :
o HR competence/ IT
o Services
o Bank bjb `incorporated`
Strategy
Leading in Service and
Performance National Bank
Leading in Service and
Performance National Bank
24
business and strategic alliances
A Strong Sustainable Growth and Profitable National Bank
Sustainable Profit and
Growth
SME / Micro
Financing
oDeepening Our
Presence on West
Java and Banten Area
oDeveloping Waroeng
BJB
oMSME Financial
Intitution Strategic
Alliances and
Acquisition
Institutional &
Commercial
Banking
oImproving Loans
Process
oRisk Management
and Debtor
Rating System
Consumer
Loans
oStrengthening Our
Position on Civil
Servant Loans
oCentralized and
Electronic Loans
Infrastructure
oMulti-finance
Company
Acquisition
Consumer
Deposit
oRebranding
, Network
Expansion and
Service
Excellence
oAggressive Sales
and Promotion
oPricing Strategy
Treasury and
International
oProviding Trade
Finance, Remittances,
and Dealing Services
for Customers and
Investors.
o Strategic Alliances
with coresponden
Bank Remittance
Agencies
Subsidiary
Companies
oAcquisition of
Insurance and
Securities
Companies to
Provide All-inOne Banking
Services
Support Strategy
Risk Management
and Compliance
Improving HR Competencies
Through Extensive Training
Program & Professional Hire
Program
Developing IT
Infrastructure and ebanking Services
Network Expansion
and Services
Improvement
Enhance
Communication
with Investors
25
new credit management initiatives
In effort to manage our asset quality going forward, we establish Credit
Policy Committee and Credit Risk Reviewer Division along with existing
Asset Liability Committee (ALCO). These three body will synergize to
maintain bank bjb competitiveness on loans market while maintain the
underwriting policy.
Credit Policy Committee
- Loans terms and condition
- Loans approval process
- Loans approval authority
Credit Risk
Reviewer
- Loans limit
Credit Policy
Committee
ALCO
- Fund pricing
- Loans pricing
- Balance sheet structure management
- Cost of fund management
Credit Risk Reviewer
-Four eyes principle
-Enhance risk management
26
information technology initiative
IT Strategic Plan 2012
•
IT Strategic Plan 2012 – 2015 Development
Our IT Division will develop new IT Strategic Plan which is inline with bank bjb strategy going
forward. The new strategic plan will act as a guidance for IT policies which include the
business risk management.
•
Internet & SMS Banking
Bank bjb is going to launch its internet and SMS banking services on 2012. Both are on process to get
BI approval.
•
Data Center Re-Layout
•
Server & Storage Consolidation (system-i/system-p)
•
Chip Based ATM Card Migration
Along with the new BI Circular Letter no. 13/22/DASP on Chip Technology Implementation
and PIN Usage for ATM/Debit Card, IT Division will start establishing team on migration
effort. The migration grace period will end on 2015.
•
Core Banking Upgrade
Along with our business growing demand for IT support, IT division will upgrade the core
banking system through server consolidation and maximization.
•
Misys Cash Portal (MCP) & Misys Trade Portal Project
To support our growing business segment, IT division plans to develop cash management
and remittance/trade finance IT technologies.
27
enterprise risk management initiatives
Risk Management Committee
Bank Indonesia released Circular Letter no.13/24/DPNP on
Credit Risk
Compliance
25th October 2011 which require banks to asses its own risk
Market
Risk
Risk
profile through Risk Based Bank Rating Approach (RBBR)
both individually and on consolidated basis. The new risk
management initiatives include several factor: Risk Profile,
Good Corporate Governance, Earnings, and Capital.
To comply with this new regulation, bank bjb established
Reputational
Risk
Risk Profile
Liquidity
Risk
Risk Management Committee (RMC) to assess and establish
risk management policy on bank wide basis. RMC assess the
risk profile of the bank and define 8 (eight) risk category
based on operational activity of the bank.
RMC also establish assessment methodology, and risk
Strategic
Risk
Operational Risk
mitigation plans for each risk category.
Legal Risk
28
risk profile
Risk Type
Risk Weight
2Q11
3Q11
4Q11
Credit
22%
Low to Moderate
Low to Moderate
Low
Market
15%
Low
Low
Low
Liquidity
18%
Low
Low
Low to Moderate
Operational
15%
Low to Moderate
Low to Moderate
Low to Moderate
Legal
10%
Low to Moderate
Low to Moderate
Low to Moderate
Reputational
10%
Low
Low
Low
Strategic
5%
Low
Low
Low
Compliance
5%
Low
Low
Low
Aggregate
100%
Low
Low
Low
29
human capital
Positions
4Q10
1Q11
2Q11
3Q11
4Q11
Board of Commissioners
5
5
5
5
5
Directors
5
4
4
6
6
Top Management
20
19
20
19
20
Middle Management
120
137
150
130
160
First Line Management
544
720
744
780
824
Staff
1350
1107
1,202
1,164
1,097
Employee in Pension
Preparation
14
13
10
9
9
Total Permanent
2,058
2,005
2,146
2,113
2,121
Non Permanent
2,982
3,245
3,417
3,566
3,887
Total
5,040
5,250
5,563
5,679
6,008
30
GCG initiatives
Better GCG Implementation
bank bjb is the first banks who is signing MoU with KPK on gratification and wealth reporting for structural employee.
Gratifications Controlling Unit
Starting from May 20, 2011
Policies
Gratification Control
Procedure
Code of Conduct
Whistle Blowing
System
“LHKPN” Reporting
Gratifications
Controlling Unit
Establishment
31
awards
2011
• Investor Awards, Best Listed Company, The Best Performance IPO
• Corporate Image Awards 2011, Indonesia’s Most Admired Company, Category
Regional Government Bank
• Infobank Awards, Bloomberg Businessweek, “Very Good” on 2010 Financial
Performances
2010
2009
• Bandung Service Excellence Award, The Best Bandung Service Excellence
Champion, Category: Conventional Banking
• Investor Award, Best CEO, Category: Regional Bank
• Infobank Platinum Award for BPD (1st Best ATM, 1st Best Security, 2nd Best Phone
Handling, 3rd Overall performance)
• Tempo Award, The Best performance Award of Indonesian Bank (Regional Dev.
Bank Award)
• Bisnis Indonesia, The Best Regional Development Bank
• Bisnis Indonesia, Efficiency Award
32
ownership
West Java Provincial Government
West Java Municipal Government
Banten Provincial Government
Ownership Structure
(%)
Banten Municipal Government
Founder (A Series)
75.00
West Java Provincial Government
38,26
West Java Municipal Governments
23,61
Banten Provincial Government
5,37
Banten Municipal Governments
7,76
Public (B Series)
25,00
Local Retail
8.76
Local Institution
11.32
Foreign Retail
0.03
Foreign Institution
4.89
Public (B Series)
25
38.26
7.76
23.61
5.37
33
board of commissioners
from left to right :
Klemi Subiyantoro
Independent Commissioner
Previously:
Independent Commissioner of bank bjb
(2008 - 2011)
Achmad Baraba
Independent Commissioner
Previously:
Independent Commissioner of bank bjb
(2007 - 2011)
Agus Ruswendi
President Commissioner
Previously:
President Director - bank bjb
(2007-2011)
Muhadi
Commissioner
Previously:
Commissioner of bank bjb
(2008-2011)
Yayat Sutaryat
Independent Commissioner
Previously:
Independent Commissioner of Citra Bangun Selaras
(2010- 2011)
34
board of director
Bien Subiantoro
President Director
Previously: Senior Advisor Bank
Mandiri, Managing Director of BNI,
2003 – 2010
from left to right :
Shahyohan Johnny Azis
Director
Previously: Division Head of Network
and Services BNI, Division Head of
International Banking BNI
Zaenal Aripin
Director
Previously: Division Head of Strategic
Planning bank bjb, Head of Change
Management Office bank bjb
Arie Yulianto
Director
Previously: Division Head of Micro
Banking bank bjb, Division Head of
Legal, Compliance and Risk
Management bank bjb
Entis Kushendar
Director
Previously: Commercial Banking
Director of bank bjb, Division Head of
General Administration bank bjb
35
share prices performance
Volume
Price
2000
800
1800
700
1600
600
1400
500
1200
1000
400
800
300
600
200
Investor Relations Group
Menara bank bjb 7th Floor
Jl. Naripan 12 – 14
Bandung 40111
+6222 4234868 ext 7140/7141
ir@bankbjb.co.id
Contact Person:
Hanel Topada
Group Head
htopada@bankbjb.co.id
400
100
200
0
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
0
Irwan Riswandi
Senior Manager
iriswandi@bankbjb.co.id
Muhammad As’adi Budiman
Manager
mbudiman@bankbjb.co.id
36
www.bankbjb.co.id
4Q11 Analyst Meeting
bank bjb
1
macroeconomic
Strong Economic Growth
GDP Growth
With CCI at All Time High
Consumer Confidence Index
BI Rate
120
12
110
10
100
(pts)
8
6
80
4
2
70
0
60
Strong Currency & Bonds Market
Low Inflation Environment
1mth JIBOR
CPI
USDIDR
20
10
5
0
USDIDR
15
(%)
90
10yr Govt Bond
13000
19
12000
17
11000
15
10000
13
9000
11
8000
9
7000
7
6000
5
(%)
(%)
14
2
banking sector
Loans Growth
Deposit Growth
40.0
35.0
On 4Q11, banking sector total loans grew 23.4% YoY, while
30.0
total deposit grew 20.8%. Investment loans was the fastest
(%)
25.0
growth loans segment with 33.3% YoY, followed by 24.4%
20.0
15.0
growth on consumer loans, and 21.5% on working capital
10.0
loans. Banks profitability increase to 3.0% along with LDR
5.0
which inched up to 79%. The sector NPL fell to 2.2% vs. 2.6%
-
on 4Q10.
Investment Loans
60.0
50.0
WC Loans
Consumer Loans
4Q10
4Q11
YoY (%)
Total Loans
1784
2200
23.4
Total Deposit
2304
2784
20.8
LDR
77
79
1.6
NPL
2.6
2.2
0.39
ROA
2.9
3.0
0.17
(%)
40.0
30.0
20.0
10.0
-
3
result highlight
Consolidated
4Q10
4Q11
YoY (%)
Loans
23,070
28,223
22.3
Deposit
32,341
39,227
21.3
LDR
71.3%
72.0%
0.7
NIM
7.3
6.8
-0.5
NPL
1.86
1.21
-0.65
890
962
8.1
Net Profit
4
ratios
4Q10
1Q11
2Q11
3Q11
4Q11
Tier – 1
22.6
19.6
19.4
18.9
18.4
CAR Ratio
22.8
19.6
19.2
18.8
18.4
Gross NPL
1.86
2.38
2.37
2.56
1.21
Net NPL
0.34
0.48
0.67
0.77
0.41
Coverage Ratio
140
128
119
114
159
NIM
7.3
6.9
7.0
6.8
6.8
Cost to Income Ratio
46.6
45.8
50.1
49.7
51.1
ROAA
2.2
2.2
2.0
1.9
1.9
ROAE
21.8
21.3
18.2
18.0
19.0
LDR
71
70
71
67
72
Net Open Position
2.15
2.14
1.97
1.85
0.15
BVPS
515.3
481.9
512.4
538.3
555.6
5
income statement
Income Statement
(Rp bn)
FY10
FY11
YoY (%)
1Q11
2Q11
3Q11
4Q11
QoQ (%)
Interest Income
4,894
5977
22.1
1,369
1,448
1,558
1,601
2.8
Interest Expense
(2,255)
(2915)
29.3
(666)
(686)
(770)
(794)
3.1
Net Interest Income
2,640
3,061
15.9
703
762
788
808
2.5
Other Operating
Income
306
240
-21.5
49
59
43
89
7.0
Operating Expense
(1,374)
(1,686)
22.7
(320)
(430)
(409)
(526)
28.6
PPOP
1,572
1,616
2.8
432
391
422
371
-12.1
Provisioning
Expense
(381)
(341)
-10.5
(111)
(12)
(97)
(121)
2.5
Non Operating
Income (Expense)
29
45
55.2
30
(2)
11
5
-54.6
Profit Before Tax
1,220
1,320
8.2
351
377
336
255
-24.1
Net Profit
890
962
8.1
260
284
251
168
-33.1
EPS
105.5
99.2
-6.0
26.8
29.3
25.9
17.2
-33.6
6
balance sheet
Balance Sheet
Highlight
(Rp bn)
4Q10
1Q11
2Q11
3Q11
4Q11
YoY (%)
QoQ (%)
Cash
1,375
1,151
1,211
1,291
1,726
25.5
33.7
Current Account with
Bank Indonesia
2,719
3,141
3,013
3,471
3,674
35.1
5.9
Secondary Reserves
15,161
17,262
17,906
20,542
19,289
27.2
-6.1
Loans-net
23,070
23,938
25,876
27,027
28,223
22.3
1.0
Fixed Asset-net
549
549
544
560
560
2
0
Other Asset
571
626
776
928
977
71.1
5.28
Total Asset
43,446
46,667
49,326
53,819
54,449
25.3
1.2
Total Third Party
Fund
32,341
34,026
36,255
40,409
39,227
19.4
-3.9
Marketable
Securities Issued
1,746
3,741
3,741
3,742
2,743
57.1
-26.7
Fund Borrowings
13
12
12
12
174
13,384
14,500
Others
5,500
5,267
5,638
6,054
8,889
61.6
46.8
Total Liabilities
38,450
41,989
44,358
48,599
49,062
27.6
0.9
Total Equity
4,996
4,677
4,969
5,219
5,387
7.8
3.2
7
loans breakdown (bank only)
30.0
Consumer Loans
Micro Loans
Commercial Loans
25.0
4.6
4.4
4.2
20.0
3.4
(Rp tr)
1.9
3.7
2.2
3.7
3.7
2.4
Segment
(Rp bn)
4Q10
4Q11
YoY
(%)
Micro Loans
2,363
2,946
24.6
Consumer Loans
16,051
19,644
22.4
Commercial Loans
3,652
4,409
20.7
Total
22,066
26,998
22.3
Currency
(Rp bn)
4Q10
4Q11
YoY
(%)
IDR
22,066
26,794
21.4
Forex
0
204
-
2.9
2.7
2.9
2.5
15.0
10.0
16.2
16.5
16.1
16.8
18.1
18.7
19.6
5.0
-
8
deposits breakdown (bank only)
Time Deposit
Savings Account
Current Account
45.0
Deposits Breakdown
(Rp bn)
4Q10
4Q11
YoY
(%)
40.0
Current Account
7,590
11,093
46.1
Saving Account
4,730
6,186
30.8
Time Deposit
18,871
19,977
5.9
TOTAL
31,191
37,255
19.4
CASA Ratio (%)
39
46
Currency
(Rp bn)
4Q10
4Q11
YoY
(%)
IDR
30,865
36,951
19.7
Forex
326
304
-6.4
35.0
10.8
11.1
30.0
(Rp tr)
10.8
10.3
10.0
7.6
10.0
4.4
25.0
3.6
20.0
3.5
6.2
4.1
4.7
3.9
15.0
10.0
18.4
19.8
18.9
19.1
20.9
23.5
20.0
5.0
0.0
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
9
sharia business performance
Total Financing
Total Deposit
2.5
2.2
2.0
1.7
1.6
1.6
1.5
4Q10
4Q11
YoY
(%)
Murabahah – (Trading)
766.2
806.6
5.3
Ijarah
194.0
56.7
-70.8
Musyarakah
279.5
321.6
15.1
Mudharabah
199.5
183.0
-8.3
Qardh – (Bridging)
135.2
391.4
189.5
Ijarah – (Pawning)
28.9
6.8
-76.5
Total Financing
1603.4
1766.2
10.2
Funding
4Q10
4Q11
YoY
(%)
Wadiah Current Account
131.7
175.0
32.9
Mudharabah Current
Account
20.4
32.6
59.8
Wadiah Savings Account
39.6
71.9
81.6
Mudharabah Savings
Account
148.2
167.9
13.3
Mudharabah Time Deposit
981.9
1771.1
80.4
Total Funding
1321.8
2218.5
67.8
1.7
1.6
1.5
1.4
1.3
(Rp tr)
Loans
1.1
1.0
0.5
4Q10
1Q11
2Q11
3Q11
4Q11
10
earning asset
Average Earning Asset
Net Interest Income
NIM
50
8.0
4Q10
4Q11
45
45
43
7.0
Earning Asset
38,246
47,591
6.0
Non Earning Asset
5,200
6,858
5.0
NIM
7.3
6.8
40
39
40
36
34
35
(Rp tr)
30
4.0
25
(%)
32
Earning Asset Composition
20
3.0
Placement
15
Marketable Securities
Loans
Others
0.2
2.0
16.6
10
5
-
1.0
2.4
2.6
2.6
2.7
2.8
2.9
3.1
59.3
24.0
-
11
assets quality
Absolute NPL
Total Provisioning
Coverage
900
180%
789
800
160%
730 729
692
700
623
600
577
140%
613
600
120%
570
(Rp bn)
541
500
4Q10
4Q11
Total
Write Off
(Rp bn)
Micro Loans
2.45
2.63
95
Consumer
Loans
0.18
0.17
24
Commercial
Loans
8.75
4.79
277
Total Loans
1.84
1.21
396
100%
437 429
400
Gross NPL
(Bank only)
388
80%
342
300
60%
Gross NPL-company
Net NPL-company
3.0
200
40%
2.0
100
20%
2.4
2.5
1.9
2.0
0%
2.6
1.9
1.2
1.5
1.0
-
2.4
0.5
0.3
0.2
0.3
0.5
0.7
0.8
0.4
-
12
assets quality (bank only)
NPL Movement
Balance Sheet Provision Movement
800
1000
900
700
800
600
330
312
396
700
396
500
(Rp bn)
(Rp bn)
600
400
500
400
300
300
200
411
575
508
327
200
100
100
0
0
Beginning
NPL
Formation
Write Off
Ending
Balance
Beginning Charge to
P&L
Write Off
Ending
Balance
13
new loans approval process
Consumer Loans
Sub Branch
Debtors
Sub Branch
Scoring
Sub Branch
Branch
Debtors
Branch
Head
Scoring
Branch
Scoring
Regional
Office
Group Head /
Regional
Office
Consumer
Division
Risk Reviewer
Credit Proposal
Credit Approval
Four eyes
BOD
Scoring
Division
Max. Rp40bn
BOD
>Rp40bn
14
new loans approval process
Micro Loans
Waroeng C
Waroeng bjb/
Sub Branch
/Branch
Scoring
KCP/Waroeng B
Cabang/Waroeng A
Division
Micro
Division
Risk Reviewer
Max. Rp 40bn
Credit Proposal
Credit Approval
BOD
BOD
> Rp40bn
Credit Risk Reviewer
15
new loans approval process
Commercial Loans
Sub Branch
Debtors
Branch
Debtors
Head Office
Marketing
Sub Branch
Sub Branch
Branch
Commercial
Group
Branch Manager
(Risk Reviewer)
Max. Rp500mn
Commercial
Center
Risk Reviewer
Regional Office
Max. Rp2bn
Commercial
Division
Risk Reviewer
Division
Max. Rp40bn
Credit Proposal
Credit Approval
Credit Risk Reviewer
BOD
BOD
>Rp40bn
Approval Appeal
16
distribution network
bank bjb Distribution Network per Sept 2011
Categories
4Q11
Expansion Plan in 2012
Main Branches
51
5
Sub Branches
203
96
Cash Outlets
55
85
Payment Points
90
23
Waroeng bjb
0
429
Mobile Cash
7
4
Priority Banking Services
11
0
Sub Total
417
642
ATM
528
472
)*bjb ATM can accessed by more than 167.000 ATM Bersama, ATM
Prima/BCA, and Prima Debet Points
Main Branches Outside West Java & Banten are located in:
Jkt - Arthaloka
Jkt – Hasyim Ashari
Jkt – Mangga Dua
Jkt - Rawamangun
Jkt – Kebayoran Baru
Batam
Medan
Denpasar
Semarang
Makassar
Pekanbaru
Tegal
Surabaya
Batam
Balikpapan
Solo
Palembang
17
active asset liability management
Asset Yield (LHS)
Cost of Fund (RHS)
14.0
7.0
13.9
6.9
13.8
6.8
Bank bjb asset yield fall by 23bps QoQ mainly due to falling BI
Rate and interbank market which now stands at ~3.75%
average. We are manage this falling yield by cutting the special
rate time deposit to 7.75 as of 4Q11 while paying bonds worth
13.7
6.7
13.6
6.6
13.5
6.5
of Fund which fall by 20bps QoQ. We are planning to pay
Bonds VI worth Rp350bn (12% coupon rate) on July 2012.
(%)
(%)
Rp1tr (11.25% coupon rate). This policy has impacted our Cost
Deposits
Breakdown (Rp
bn)
4Q10
1Q11
2Q11
3Q11
4Q11
Average
Earning Asset
38,246
41,200
43,783
47,568
47,591
Asset Yield
13.5
13.3
13.5
13.5
13.3
13.4
6.4
13.3
6.3
13.2
6.2
13.1
6.1
Average
Interest Bearing
Liabilities
35,930
39,449
42,121
46,022
45,366
13.0
6.0
Cost of Fund
6.4
6.6
6.9
6.9
6.7
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11
18
operating expenses
(%)
Operating Income/Opex
90
85
80
75
70
65
60
55
50
45
40
Cost to Income Ratio
Peaking up cost are due to network expansion and new hire
76
76
77
78
79
80
79
as we are establishing the micro loans infrastructure. We
expect the cost to peak on 2012 as naturally expansion and
hiring cost will come earlier before our new business start
48
49
47
50
50
51
46
generating interest income. We expect the Cost to Income
Ratio to reach 51% - 54% this year.
Opex Breakdown
(Rp bn)
4Q10
4Q11
YoY
(%)
1Q11
2Q11
3Q11
4Q11
QoQ
(%)
Salary
(697)
(763)
9.5
(132)
(216)
(163)
(252)
54.6
G&A
(556)
(785)
32.2
(141)
(187)
(210)
(247)
17.6
Others
(122)
(138)
13.1
(48)
(27)
(36)
(27)
-25.0
Total
(1,374)
(1,686)
22.7
(320)
(430)
(409)
(526)
28.4
19
capital efficient business
Risk
Weighted
Asset
4Q10
1Q11
2Q11
3Q11
4Q11
Bank bjb has a capital efficient business model as our
consumer loans risk weight is low at 50%, while our plan
to expand our presence in micro loans also has a low
Credit Risk
15,753
16,815
18,102
19,215
19,940
risk weight (75%) compared to commercial loans (100%
risk weight). Hence, we believe we could sustain our
Market Risk
15,999
16,976
18,260
19,449
20,207
Operational
Risk
18,415
21,477
22,761
23,950
24,708
RWA/Total
Asset
42%
46%
46%
45%
45%
tier-1
4,278
4,274
4,415
4,539
4,552
tier -2
Total Capital
CAR Ratio
(71)
4,207
22.8%
(59)
4,215
19.6%
(43)
4,372
19.2%
(31)
4,508
18.8%
capital generation/capital utilization going forward.
Addition to
RWA/
Net Impact
Rp1tr Net
to CAR
Expansion
CAR Analysis
Risk
Weighting
Micro Loans
75%
Rp750bn
-0.54%
Commercial Loans
100%
Rp1tr
-0.72%
Consumer Loans
50%
Rp500bn
-0.37%
(16)
4,536
18.4%
20
growing customer based
Customer Deposit Breakdown
Details
4Q10
4Q11
YoY Growth
(%)
Government Related
22.9%
23.5%
25.1
Retail Clients
21.7%
24.9%
40.2
Corporate Clients
55.4%
51.6
13.9
Number of Account Breakdown
Details
4Q10
4Q11
Growth
YoY %
Government Related
16,075
15.965
(110)
-0.7
Retail Clients
1,108,082
1,373,793
265,711
24.0
Corporate Clients
169,000
170,237
1,237
0.7
Total
1,293,157
1,559,995
266,838
20.6
21
performances by area
Bank bjb Business Segment (Consolidated)
Consolidated Breakdown
Deposits
Loans
Number of Branches
Sharia
2,219 (5.7%)
1,732 (6.1%)
7
Conventional
37,008 (94.3%)
26,491 (93.9%)
51
Bank bjb Geographical Present (bank only)
Geographical Breakdown
Deposits
Loans
Number of Branches
West Java
59.0%
77.8%
30
Banten
14.1%
14.8%
7
Jakarta
24.4%
5.6%
5
Others
2.5%
1.8%
9
22
2012 target summary
Target
Range
Loans Growth
22% - 25%
Deposit Growth
15% - 18%
ROAA
1.8% - 2.0%
ROAE
18% - 20%
NIM
6.8% - 7.2%
Cost of Fund
6.4% - 6.7%
Cost to Income Ratio
51% - 54%
Gross NPL
1.2% - 1.7%
Credit Cost
1.0% - 1.4%
CASA Ratio
40% - 45%
23
road map
A Strong Sustainable Growth and Profitable National Bank
2011-2012
2013-2014
2015
Building/Establishment
New Infrastructures
Leading in Service
As One of the Big Banks
A National Bank
Leading in Service and
Performance
Strategy
Developing HR
Competence, IT
Infrastructure,
and organization for :
o Micro & SME
Financing
o Consumer &
Commercial Banking
o Treasury &
International
Strategy
Matching the 10 Biggest
Banks in areas :
o HR competence/ IT
o Services
o Bank bjb `incorporated`
Strategy
Leading in Service and
Performance National Bank
Leading in Service and
Performance National Bank
24
business and strategic alliances
A Strong Sustainable Growth and Profitable National Bank
Sustainable Profit and
Growth
SME / Micro
Financing
oDeepening Our
Presence on West
Java and Banten Area
oDeveloping Waroeng
BJB
oMSME Financial
Intitution Strategic
Alliances and
Acquisition
Institutional &
Commercial
Banking
oImproving Loans
Process
oRisk Management
and Debtor
Rating System
Consumer
Loans
oStrengthening Our
Position on Civil
Servant Loans
oCentralized and
Electronic Loans
Infrastructure
oMulti-finance
Company
Acquisition
Consumer
Deposit
oRebranding
, Network
Expansion and
Service
Excellence
oAggressive Sales
and Promotion
oPricing Strategy
Treasury and
International
oProviding Trade
Finance, Remittances,
and Dealing Services
for Customers and
Investors.
o Strategic Alliances
with coresponden
Bank Remittance
Agencies
Subsidiary
Companies
oAcquisition of
Insurance and
Securities
Companies to
Provide All-inOne Banking
Services
Support Strategy
Risk Management
and Compliance
Improving HR Competencies
Through Extensive Training
Program & Professional Hire
Program
Developing IT
Infrastructure and ebanking Services
Network Expansion
and Services
Improvement
Enhance
Communication
with Investors
25
new credit management initiatives
In effort to manage our asset quality going forward, we establish Credit
Policy Committee and Credit Risk Reviewer Division along with existing
Asset Liability Committee (ALCO). These three body will synergize to
maintain bank bjb competitiveness on loans market while maintain the
underwriting policy.
Credit Policy Committee
- Loans terms and condition
- Loans approval process
- Loans approval authority
Credit Risk
Reviewer
- Loans limit
Credit Policy
Committee
ALCO
- Fund pricing
- Loans pricing
- Balance sheet structure management
- Cost of fund management
Credit Risk Reviewer
-Four eyes principle
-Enhance risk management
26
information technology initiative
IT Strategic Plan 2012
•
IT Strategic Plan 2012 – 2015 Development
Our IT Division will develop new IT Strategic Plan which is inline with bank bjb strategy going
forward. The new strategic plan will act as a guidance for IT policies which include the
business risk management.
•
Internet & SMS Banking
Bank bjb is going to launch its internet and SMS banking services on 2012. Both are on process to get
BI approval.
•
Data Center Re-Layout
•
Server & Storage Consolidation (system-i/system-p)
•
Chip Based ATM Card Migration
Along with the new BI Circular Letter no. 13/22/DASP on Chip Technology Implementation
and PIN Usage for ATM/Debit Card, IT Division will start establishing team on migration
effort. The migration grace period will end on 2015.
•
Core Banking Upgrade
Along with our business growing demand for IT support, IT division will upgrade the core
banking system through server consolidation and maximization.
•
Misys Cash Portal (MCP) & Misys Trade Portal Project
To support our growing business segment, IT division plans to develop cash management
and remittance/trade finance IT technologies.
27
enterprise risk management initiatives
Risk Management Committee
Bank Indonesia released Circular Letter no.13/24/DPNP on
Credit Risk
Compliance
25th October 2011 which require banks to asses its own risk
Market
Risk
Risk
profile through Risk Based Bank Rating Approach (RBBR)
both individually and on consolidated basis. The new risk
management initiatives include several factor: Risk Profile,
Good Corporate Governance, Earnings, and Capital.
To comply with this new regulation, bank bjb established
Reputational
Risk
Risk Profile
Liquidity
Risk
Risk Management Committee (RMC) to assess and establish
risk management policy on bank wide basis. RMC assess the
risk profile of the bank and define 8 (eight) risk category
based on operational activity of the bank.
RMC also establish assessment methodology, and risk
Strategic
Risk
Operational Risk
mitigation plans for each risk category.
Legal Risk
28
risk profile
Risk Type
Risk Weight
2Q11
3Q11
4Q11
Credit
22%
Low to Moderate
Low to Moderate
Low
Market
15%
Low
Low
Low
Liquidity
18%
Low
Low
Low to Moderate
Operational
15%
Low to Moderate
Low to Moderate
Low to Moderate
Legal
10%
Low to Moderate
Low to Moderate
Low to Moderate
Reputational
10%
Low
Low
Low
Strategic
5%
Low
Low
Low
Compliance
5%
Low
Low
Low
Aggregate
100%
Low
Low
Low
29
human capital
Positions
4Q10
1Q11
2Q11
3Q11
4Q11
Board of Commissioners
5
5
5
5
5
Directors
5
4
4
6
6
Top Management
20
19
20
19
20
Middle Management
120
137
150
130
160
First Line Management
544
720
744
780
824
Staff
1350
1107
1,202
1,164
1,097
Employee in Pension
Preparation
14
13
10
9
9
Total Permanent
2,058
2,005
2,146
2,113
2,121
Non Permanent
2,982
3,245
3,417
3,566
3,887
Total
5,040
5,250
5,563
5,679
6,008
30
GCG initiatives
Better GCG Implementation
bank bjb is the first banks who is signing MoU with KPK on gratification and wealth reporting for structural employee.
Gratifications Controlling Unit
Starting from May 20, 2011
Policies
Gratification Control
Procedure
Code of Conduct
Whistle Blowing
System
“LHKPN” Reporting
Gratifications
Controlling Unit
Establishment
31
awards
2011
• Investor Awards, Best Listed Company, The Best Performance IPO
• Corporate Image Awards 2011, Indonesia’s Most Admired Company, Category
Regional Government Bank
• Infobank Awards, Bloomberg Businessweek, “Very Good” on 2010 Financial
Performances
2010
2009
• Bandung Service Excellence Award, The Best Bandung Service Excellence
Champion, Category: Conventional Banking
• Investor Award, Best CEO, Category: Regional Bank
• Infobank Platinum Award for BPD (1st Best ATM, 1st Best Security, 2nd Best Phone
Handling, 3rd Overall performance)
• Tempo Award, The Best performance Award of Indonesian Bank (Regional Dev.
Bank Award)
• Bisnis Indonesia, The Best Regional Development Bank
• Bisnis Indonesia, Efficiency Award
32
ownership
West Java Provincial Government
West Java Municipal Government
Banten Provincial Government
Ownership Structure
(%)
Banten Municipal Government
Founder (A Series)
75.00
West Java Provincial Government
38,26
West Java Municipal Governments
23,61
Banten Provincial Government
5,37
Banten Municipal Governments
7,76
Public (B Series)
25,00
Local Retail
8.76
Local Institution
11.32
Foreign Retail
0.03
Foreign Institution
4.89
Public (B Series)
25
38.26
7.76
23.61
5.37
33
board of commissioners
from left to right :
Klemi Subiyantoro
Independent Commissioner
Previously:
Independent Commissioner of bank bjb
(2008 - 2011)
Achmad Baraba
Independent Commissioner
Previously:
Independent Commissioner of bank bjb
(2007 - 2011)
Agus Ruswendi
President Commissioner
Previously:
President Director - bank bjb
(2007-2011)
Muhadi
Commissioner
Previously:
Commissioner of bank bjb
(2008-2011)
Yayat Sutaryat
Independent Commissioner
Previously:
Independent Commissioner of Citra Bangun Selaras
(2010- 2011)
34
board of director
Bien Subiantoro
President Director
Previously: Senior Advisor Bank
Mandiri, Managing Director of BNI,
2003 – 2010
from left to right :
Shahyohan Johnny Azis
Director
Previously: Division Head of Network
and Services BNI, Division Head of
International Banking BNI
Zaenal Aripin
Director
Previously: Division Head of Strategic
Planning bank bjb, Head of Change
Management Office bank bjb
Arie Yulianto
Director
Previously: Division Head of Micro
Banking bank bjb, Division Head of
Legal, Compliance and Risk
Management bank bjb
Entis Kushendar
Director
Previously: Commercial Banking
Director of bank bjb, Division Head of
General Administration bank bjb
35
share prices performance
Volume
Price
2000
800
1800
700
1600
600
1400
500
1200
1000
400
800
300
600
200
Investor Relations Group
Menara bank bjb 7th Floor
Jl. Naripan 12 – 14
Bandung 40111
+6222 4234868 ext 7140/7141
ir@bankbjb.co.id
Contact Person:
Hanel Topada
Group Head
htopada@bankbjb.co.id
400
100
200
0
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
0
Irwan Riswandi
Senior Manager
iriswandi@bankbjb.co.id
Muhammad As’adi Budiman
Manager
mbudiman@bankbjb.co.id
36
www.bankbjb.co.id