PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
88
29. SUBORDINATED LOANS continued
Two-Step Loans TSL continued b Export-Import Bank of Japan EBJ continued
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. EBJ-TSL I and EBJ-TSL II facilities have been fully settled on January 2005 and October 2004, respectively.
The interest rate on the credit facilities from EBJ-TSL III and EBJ-TSL IV 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 5 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 5 state-owned banks for EBJ-TSL IV.
EBJ-TSL III facilities have been fully settled in July 2005. 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 Perkebunan Nusantara
XII and Nescoco Inti To finance government projects in
funding credit for plantation projects. February 15, 1989 - September 15,
2008 with 1
st
installment on March 15, 1995.
Development Financing Loan Project
To finance industrial sector prioritizing manufacturing products for non-oil
export, agro-based industry, employee- centered programs and earning foreign
exchange. January 10, 1990 - January 15,
2005 with 1
st
installment on July 15, 1993.
ADB Fishery II To finance government projects in
funding credit for fishery projects. December 19, 1991 - September
15, 2006 with 1
st
installment on March 15, 1995
ADB 1327-INO SF To finance Micro Credit Projects.
January 15, 2005 - July 15, 2029 with 1
st
installment on January 15, 2005.
The details of credit facilities from Asian Development Bank ADB are as follows:
2005 2004
a ADB Loan 1327 - INO
224,959 217,993
b ADB Perkebunan Nusantara XII and Nescoco Inti
2,067 2,755
c ADB Fishery
II 543
1,086 d
Development Financing Loan Project -
6,833 227,569 228,667
PT BANK MANDIRI PERSERO TBK. AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Years Ended December 31, 2005 and 2004 Expressed in millions of Rupiah, unless otherwise stated
89
29. SUBORDINATED LOANS continued
